SEI Institutional Managed Trust Real Return Fund Class Y is an open-end mutual fund focused on inflation-linked fixed income. Its primary objective is to deliver a real return by investing predominantly in U.S. Treasury Inflation-Protected Securities and other short-duration, inflation-linked bonds, aligning with the short-term inflation-protected bond category. The strategy emphasizes high credit quality and maintains a portfolio largely in domestic bonds, with a heavy allocation to AAA-rated securities, seeking to mitigate credit risk while addressing inflation sensitivity. The fund employs a multi-manager approach under SEI’s oversight, combining sub-advisers and risk-managed techniques to keep duration comparatively low and preserve purchasing power through changing inflation regimes. Benchmarked against short-term TIPS measures, it aims to provide inflation-adjusted income and stability over interest rate cycles. The fund serves as a specialized building block for institutional and sophisticated portfolios, complementing core fixed income with targeted inflation protection and acting as a hedge for liability-driven or real-return mandates.
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