# SEI Institutional Managed Trust Tax-Managed Volatility Fund Class F (TMMAX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/tmmax for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: SEI · Asset class: Equity - Strategy: Actively Managed · Inception: 2007-12-21 This investment strategy aims to maximize net returns after taxes, while maintaining a more stable performance profile than what is typically observed in the broader U.S. stock markets. Its primary focus is on allocating capital to a wide range of American businesses, regardless of their market capitalization. The fund's holdings may encompass various equity-linked instruments, such as common and preferred shares, warrants, and exchange-traded funds (ETFs). Additionally, a smaller portion of the portfolio may be directed towards American Depositary Receipts (ADRs), Real Estate Investment Tr... ## Key Facts | Metric | Value | |---|---| | Price | $16.71 | | Expense Ratio | 1.14% | | AUM (All Share Classes) | $559.5M | | NAV | $16.71 | | Holdings Count | — | | Distribution Yield (TTM) | 22.86% | | Annual Distribution (TTM) | $3.82 /share | | Distribution Frequency | Quarterly | | 52-Week Range | $15.01 – $18.82 | | Beta | 0.46 | ## Latest Distribution - Amount: $0.0429 /share - Ex-date: 2026-10-05 - Pay date: 2026-10-06 ## Frequently Asked Questions ### What does TMMAX invest in? This investment strategy aims to maximize net returns after taxes, while maintaining a more stable performance profile than what is typically observed in the broader U.S. stock markets. Its primary focus is on allocating capital to a wide range of American businesses, regardless of their market capitalization. The fund's holdings may encompass various equity-linked instruments, such as common and preferred shares, warrants, and exchange-traded funds (ETFs). Additionally, a smaller portion of the portfolio may be directed towards American Depositary Receipts (ADRs), Real Estate Investment Trusts (REITs), and securities issued by companies outside of the United States. ### What is the expense ratio of TMMAX? SEI Institutional Managed Trust Tax-Managed Volatility Fund Class F (TMMAX) charges an expense ratio of 1.14%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is TMMAX? SEI Institutional Managed Trust Tax-Managed Volatility Fund Class F (TMMAX) is one share class of a fund that manages $559.5M across all of its share classes (STVYX reports the same total). Our data does not carry the assets of this share class alone. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is TMMAX actively managed or an index fund? TMMAX is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (TMMAX's is 1.14%) in exchange for the discretion to over- or under-weight positions. ### When was TMMAX launched? SEI Institutional Managed Trust Tax-Managed Volatility Fund Class F (TMMAX) launched in December 2007 and is managed by SEI. ### How has TMMAX performed? TMMAX's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does TMMAX pay a dividend? SEI Institutional Managed Trust Tax-Managed Volatility Fund Class F (TMMAX) currently distributes little or no income. Trailing-twelve-month yield is 22.86%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does TMMAX pay dividends? SEI Institutional Managed Trust Tax-Managed Volatility Fund Class F pays dividends Quarterly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is TMMAX's dividend yield? TMMAX's trailing-twelve-month yield is 22.86%, calculated from the sum of dividends over the past year divided by the current price. ### When is TMMAX's next ex-dividend date? The most recently announced ex-dividend date for TMMAX was 2026-10-05. The next ex-date typically follows Quarterly; once announced it appears at the top of the dividend history table on this page. ### How much will TMMAX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 1.14% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does TMMAX charge its expense ratio? The expense ratio is deducted in tiny daily slices from TMMAX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does TMMAX cost more than a fund like VOO? TMMAX is actively managed (current expense ratio 1.14%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether TMMAX's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to TMMAX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as TMMAX (1.14%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/tmmax - Distribution history: https://www.dividenddata.com/funds/tmmax/dividend - Holdings & diversification: https://www.dividenddata.com/funds/tmmax/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/tmmax/expenses - Peer comparison: https://www.dividenddata.com/funds/tmmax/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.