SEI Institutional Managed Trust

N-CSR 1 d476078dncsr.htm SEI INSTITUTIONAL MANAGED TRUST SEI Institutional Managed Trust

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-CSR

CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT

INVESTMENT COMPANIES

Investment Company Act file number 811-04878

SEI Institutional Managed Trust

(Exact name of registrant as specified in charter)

SEI Investments

One Freedom Valley Drive

Oaks, PA 19456

(Address of principal executive offices) (Zip code)

CT Corporation

155 Federal Street

Boston, MA 02110

(Name and address of agent for service)

Registrant’s telephone number, including area code: 1-800-342-5734

Date of fiscal year end: September 30, 2017

Date of reporting period: September 30, 2017

Item 1. Reports to Stockholders.

LOGO

September 30, 2017

ANNUAL REPORT

SEI Institutional Managed Trust


		Large Cap Fund
		Large Cap Value Fund
		Large Cap Growth Fund
		Tax-Managed Large Cap Fund
		S&P 500 Index Fund
		Small Cap Fund
		Small Cap Value Fund
		Small Cap Growth Fund
		Tax-Managed Small/Mid Cap Fund
		Mid-Cap Fund
		U.S. Managed Volatility Fund
		Global Managed Volatility Fund
		Tax-Managed Managed Volatility Fund
		Tax-Managed International Managed Volatility Fund
		Real Estate Fund
		Enhanced Income Fund
		Core Fixed Income Fund
		U.S. Fixed Income Fund
		High Yield Bond Fund
		Conservative Income Fund
		Tax-Free Conservative Income Fund
		Real Return Fund
		Dynamic Asset Allocation Fund
		Multi-Strategy Alternative Fund
		Multi-Asset Accumulation Fund
		Multi-Asset Income Fund
		Multi-Asset Inflation Managed Fund
		Multi-Asset Capital Stability Fund
		Long/Short Alternative Fund

LOGO

TABLE OF CONTENTS



Letter to Shareholders			1


Management’s Discussion and Analysis of Fund Performance			6


Summary Schedules of Investments/Schedules of Investments/Consolidated Schedules of Investments			58


Statements of Assets and Liabilities/Consolidated Statements of Assets and Liabilities			328


Statements of Operations/Consolidated Statements of Operations			340


Statements of Changes in Net Assets/Consolidated Statements of Changes in Net Assets			346


Statement of Cash Flows			354


Financial Highlights/Consolidated Financial Highlights			355


Notes to Financial Statements/Consolidated Notes to Financial Statements			366


Report of Independent Registered Public Accounting Firm			411


Trustees and Officers of the Trust			412


Disclosure of Fund Expenses			415


Board of Trustees Considerations in Approving the Advisory and Sub-Advisory Agreement			420


Notice to Shareholders			423

The Trust files its complete schedule of portfolio holdings with the Securities and Exchange Commission for the first and third quarter of each fiscal year on Form N-Q within sixty days after the end of the period. The Trust’s Forms N-Q are available on the Commission’s website at http://www.sec.gov, and may be reviewed and copied at the Commission’s Public Reference Room in Washington, DC. Information on the operation of the Public Reference Room may be obtained by calling 1-800-SEC-0330.

A description of the policies and procedures that the Trust uses to determine how to vote proxies relating to portfolio securities, as well as information relating to how a Fund voted proxies relating to portfolio securities during the most recent 12-month period ended June 30, is available (i) without charge, upon request, by calling 1-800-DIAL-SEI; and (ii) on the Commission’s website at http://www.sec.gov.

LETTER TO SHAREHOLDERS

September 30, 2017 (Unaudited)

To Our Shareholders

Looking back, the expectations we shared for the Funds’ most recently completed fiscal year, from the start of October 2016 through the end of September 2017, largely came to pass. The pace of interest-rate increases by the Federal Reserve (“Fed”) followed the market’s more modest expectations rather than those projected by Federal Open Market Committee members. The European Central Bank’s (“ECB”) commitment to stimulus efforts entrenched euro weakness relative to the U.S. dollar for part of the period; the same can be said for the Bank of Japan (“BOJ”) and the yen. China continued to guide its currency lower, hitting a low near the end of the fiscal period. The global oil supply-demand imbalance persisted throughout the year; the Organization of Petroleum Exporting Countries’ (“OPEC”) agreement to curb production in January temporarily bolstered markets, but prices retraced due to record U.S. inventories and rising U.S. production before rebounding during the final quarter of the period.

Geopolitical events

Geopolitical threats and an assortment of other noneconomic influences continued in various regions: civil war and domestic struggle in parts of the Middle East and Africa, the suffering of refugees and migrants in bordering countries and Europe, and acts of global terror.

Severe unrest continued in certain areas of the Middle East, driven by the opposing and overlapping regional interests of extremist groups, nationalist fighters and state actors. Syrian government forces appeared to consolidate military gains in and around Aleppo, with assistance from Russia, while Iraqi forces, supported by U.S. military resources, made notable progress in reversing Islamic State gains. The U.S. military increased its air support during the period, targeting both Syrian government and extremist positions, while also raising the profile of its involvement in Afghanistan by targeting Islamic State strongholds.

Despite the considerable aforementioned instability in the Middle East, the price of oil remained mostly insulated from regional developments. Oil-price weakness, which began to moderate in 2016, remained primarily attributable to oversupply. Energy-export-dependent Venezuela succumbed to the economically depressive effects of low oil prices during the period, as food shortages and a breakdown of the rule of law appeared to worsen, despite an eventual rebound in the price of oil. Brazil’s prospects also paled, then recovered partially, as a corruption investigation centering on its lead state-run oil company enveloped a cross-section of political leaders. The OPEC reached an agreement in late 2016 with the cooperation of non-OPEC producers to enact production cuts in pursuit of a balanced market.

It will be interesting to see the ultimate effects of the ensuing Syrian migrant crisis on the European Union (“EU”). Immigration served as one of the key points of contention leading up to Great Britain’s Brexit vote to leave the European Union prior to the reporting year. Prime Minister May triggered Article 50 during the fiscal period and began the formal withdrawal process.

Immigration-driven uncertainty took center stage in the months leading up to the U.S. presidential election, which Donald Trump ultimately won in November with a tough stance on immigration. President Trump’s early actions following his inauguration in January demonstrated a commitment to follow through on tighter U.S. immigration policy.

A raft of political surprises unfolded late in the fiscal period. The U.K. Conservative party relinquished its parliamentary majority and was forced to seek a partner to form a minority government. Emmanuel Macron’s early-May victory in the French presidential election amounted to a significant win for the establishment. In the U.S., a high-profile special prosecutor was appointed to investigate the possibility of collusion between Donald Trump’s presidential campaign and Russia. In Brazil, an ongoing top-level corruption scandal was blown wide open in mid-May as potential evidence emerged of a taped conversation featuring President Michel Temer approving a large hush-money bribe.

Toward the end of the fiscal year, political tensions weighed heavily on investor attitudes. President Trump stated that aggression from North Korea would be met with “fire and fury” while controversy over Trump’s response to violent clashes between protesters in Charlottesville, Virginia drove sentiment after the president dissolved two advisory councils. Setbacks in the Trump administration’s efforts to repeal and replace Obamacare sparked volatility, as investors assumed that tax and budget resolutions would have to wait until health care legislation was resolved.


SEI Institutional Managed Trust / Annual Report / September 30, 2017			1

LETTER TO SHAREHOLDERS (Continued)

September 30, 2017 (Unaudited)

Economic performance

U.S. economic growth accelerated in the fourth quarter of 2016, slumped early in 2017, and then rebounded solidly in the second quarter as both consumer and government spending boosted the economy. The labor market remained historically strong throughout the year: the unemployment rate fell, finishing the period at 4.2%, while the labor-force participation rate ended at 63.1%, marginally higher than a year ago. Average hourly earnings gained, bouncing around a mean of about 0.2% growth per month over the year; although a modest increase in price pressures weighed on real personal income growth as the period progressed. The Fed raised its target interest rate in mid-December 2016, and again in both March and June 2017, representing two of three projected rate increases in 2017. The Fed also announced that it would start to reduce the size of its balance sheet and reverse some of the quantitative easing that has been so supportive of bond prices in recent years.

The ECB held its benchmark interest rate unchanged at a historic low through the fiscal period, while the Bank of England did the same with the hope of stimulating the U.K. economy following the Brexit vote. Quarterly growth in the eurozone expanded at its quickest pace since 2015, emphasizing the area’s notable economic performance at a time that many thought would be plagued by political uncertainty. Year-on-year growth was 2.3% at the end of the second quarter of 2017, with France, Italy and Greece all beating expectations. The U.K. economy grew at 1.5% year-on-year through the second quarter of 2017, but slowed significantly toward the end of the fiscal period as a weakened pound dampened consumer spending to its lowest level in three years.

Japanese GDP grew 1.4% year-on-year at the end of the second quarter of 2017, while the BOJ maintained stimulus to try to rejuvenate the economy. Meanwhile, economic growth in China expanded by 6.9% year-on-year in the second quarter of 2017 after China’s government provided substantial fiscal stimulus early in the period to support the government’s growth targets.

Market developments

For the fiscal period ending September 30, 2017, geopolitical events dominated global equity markets. Market movements were driven by periods of risk-on and risk-off rallies. The early part of the fiscal period was marked by continued, but uninspiring, economic expansion and populist movements surprisingly sweeping political elections in the U.K. and the U.S. The second half saw a synchronized global economic recovery.

Investors positioned defensively into the U.S. presidential elections. Though candidate Trump presented a source of uncertainty to markets, promises of deregulation, corporate-tax reform and fiscally expansionary policies sparked a sharp rally in cyclical assets, and defensive assets that were bid up during prior years sold off. OPEC’s decision to curb output and the Fed’s rate hike also contributed to the sharp rally for traditional value sectors (financials, industrials and energy).

The turn of the calendar year marked the beginning of the reversal of the cyclical rally (dubbed the Trump reflation trade). The first few months saw setbacks for the Trump administration after Washington failed to pass a replacement for the Affordable Care Act and controversies involving Russian election meddling plagued the new administration. There was a realization that the growth expected from promised regulatory changes would take a while to play out, and markets began to unwind the reflation trade. At the same time, assets such as defensive sectors and technology stocks that sold off during the reflation trade rallied during this period. The risk-on sentiment that pushed equities higher over the quarter was also visible in fixed income markets, with credit outperforming government bonds. U.S. Treasury yields rose across the curve with short-term yields rising more than long-term yields. Yields for 10-year government bonds began the fiscal period around 1.6% and ended around 2.3%, reflecting increased optimism around economic growth, but remained below their late-2016 peak.

Stocks rallied toward the end of the fiscal period amid signs of global economic synchronization, strong earnings and continued central-bank stimulus.

The U.K. stunned investors prior to the start of the fiscal year with the British vote to leave the EU and joined the list of frustrations for European equities that included Italian banks with oversized debt. The result was a lack of enthusiasm for stocks in the region despite continued stimulus from the ECB. European stocks experienced a small rally after the Brexit vote as investors looked past the results, and saw an even greater rally after Donald Trump’s surprising victory in the U.S. elections. President Trump’s promises of deregulation and fiscal stimulus, along with


2		SEI Institutional Managed Trust / Annual Report / September 30, 2017

the Fed’s three rate increases during the period, sparked a cyclical rally in European stocks, with banks leading the way. At the turn of the year, despite political volatility from French and Dutch elections and the possibility of further fragmentation in the EU, signs of economic recovery emerged in the region, and European equities rallied on the back of recovering economic growth and victories for pro-EU parties in elections nearer the end of the fiscal period.

Looking back on market performance for the full period, the MSCI ACWI Index, a proxy for global equities in both developed and emerging markets, rose 18.65% in U.S. dollar terms. U.S. markets marginally lagged, as the S&P 500 Index returned 18.61%.

The U.S. equity market began the fiscal year with investors focused on the presidential election campaign. Value stocks in general and the financial sector, in particular, rose sharply after the election, while high-dividend-yield segments of the market, such as utilities and real-estate investment trusts (“REITs”), lagged as they were seen as less attractive in a rising interest-rate environment. One trend that reversed as the fiscal year progressed was the underperformance of growth stocks. Many growth managers outperformed value managers, as internet-commerce and information-technology stocks were market leaders for the final three quarters of the fiscal year, and information technology became the second best-performing sector (after financials) for the full fiscal year. The latter group’s rally in the final fiscal quarter provided a boost to growth stocks, propelling the Russell 1000^® Growth Index to 21.94% for the period, while the Russell 1000^® Value Index returned 15.12%.

Small-cap stocks outperformed as well. U.S. small caps (Russell 2000^® Index) outpaced large caps (Russell 1000^® Index), delivering 20.74% and 18.54%, respectively.

After hitting lows early in the fiscal period on the heels of deflationary fears caused by low commodity prices and Brexit-related concerns, rates began to rise. Economic growth exceeded expectations, and Trump’s victory sparked expectations of reflationary fiscal policy. The market began to price in a December 2016 Fed rate hike, causing Treasury yields to rise, particularly those at the front end of the yield curve. The Fed voted to increase the federal-funds rate target range to 1.00-1.25% after a third rate hike during the period in June 2017, and increased its projection for the pace of rate hikes in 2017 from two to three, citing strengthening labor-market conditions and firming inflation as the rationale.

Inflation-sensitive assets, such as commodities and Treasury inflation-protected securities, were mixed. The Bloomberg Commodity Total Return Index (which represents the broad commodity market) eased 0.29% lower during the period, as the energy and agriculture sectors dragged down the index, while the Bloomberg Barclays 1-10 Year US TIPS Index (“USD”) ebbed 0.14%.

Global fixed income, as measured by the Bloomberg Barclays Global Aggregate Index, fell 1.26% in U.S. dollar terms during the reporting period, while the high-yield market was strong, with the BofA Merrill Lynch US High Yield Constrained Index delivering 9.05%.

U.S. investment-grade corporate debt was positive, as the Bloomberg Barclays Investment Grade US Corporate Index returned 2.21%. U.S. asset-backed and mortgage-backed securities were both marginally positive during the fiscal year, although both faced headwinds late in the period from rising interest-rate expectations.

Emerging-market debt delivered positive performance. The J.P. Morgan GBI Emerging Markets Global Diversified Index, which tracks local-currency-denominated emerging-market bonds, gained 7.32% in U.S. dollar terms during the reporting period thanks to an impressive rally in the second half of the period. The J.P. Morgan EMBI Global Diversified Index, which tracks emerging-market debt denominated in external currencies (such as the U.S. dollar), advanced by 4.61%.

Our view

Neither devastating hurricanes nor all-around political dysfunction have done much to halt the U.S. equity market’s rise. Even the game of nuclear chess being played between North Korea’s Kim Jong-un and President Donald Trump has failed to elicit much of a response. To be sure, all good things eventually come to an end. Yet when we consider valuations, the upward momentum of the U.S. economy and earnings, and the likely path of Fed policy and inflation, we still conclude that the U.S. equity bull market isn’t dead yet.

On the issue of valuations, there is no denying that U.S. equities are trading at elevated levels. But the exceedingly low level of prevailing interest rates is an important mitigating factor. There has been a strong inverse relationship


SEI Institutional Managed Trust / Annual Report / September 30, 2017			3

LETTER TO SHAREHOLDERS (Concluded)

September 30, 2017 (Unaudited)

between bond yields and valuations over the past four decades, which we believe justifies structurally elevated valuations.

The overriding question among investors is a simple one: is a recession on the horizon? We are confident that the answer is “no.” Financial stress, a harbinger of recession, is virtually non-existent. Recent economic data also point to the continuation of slow-but-steady economic growth.

A large portion of the world appears to be growing at a slightly better-than-trend pace. The breadth of the improvement is particularly impressive; as of July 2017, 72% of the countries that make up the Organization for Economic Cooperation and Development’s (“OECD”) Composite Leading Indicator index have posted improvement over the past year—and 75% of countries in the index came in above 100. This means above-trend growth will likely continue in the months ahead on a global basis.

According to the OECD’s calculations, Brazil’s economic situation is improving at the fastest rate. The eurozone as a whole looks set to grow above trend, as does Japan. China’s momentum remains toward the upside, even though recent economic data suggest some deceleration. The U.S. economy, by contrast, is growing somewhat below trend. India also is signaling below-trend growth, but has begun to rebound. On balance, things are looking up in much of the world.

One of the big surprises of 2017 is the extensive weakness of the U.S. dollar, which has fallen by about 8% against a trade-weighted basket of foreign currencies since the end of last year. The U.S. dollar can appreciate and depreciate in long cycles. If the peak at the end of 2016 proves to be the top of the current cycle, the most recent upswing would be shorter in duration than previously experienced—but the magnitude of the trough-to-peak rise would be similar to that of the up-cycle that occurred from April 1995 to March 2002 (about 41%).

The drop in the greenback coincides with the improved global macroeconomic outlook. Economic growth of developed economies around the world is converging with that of the U.S. While U.S. monetary policy is further along the path toward tightening, other central banks have already begun to raise rates (“Canada”) or may do so soon (the “U.K.”). Even the ECB is expected to announce its first steps away from unconventional monetary stimulus by the end of this year.

Political considerations are coming into play as well. Participants in the currency markets have adopted a far more sanguine view regarding the political stability of the eurozone following a series of national elections this year that enhanced the position of parties favoring further European integration. While confidence in the eurozone has increased, international confidence in the U.S. has ebbed. The Trump administration’s decision to pull out of the Trans-Pacific Partnership and Paris climate accord was controversial in the U.S.; it was especially confounding to those outside the U.S., and raised questions of whether it is relinquishing its role as leader of the free world. Confidence in the existing international economic order was also hurt by the threat of additional U.S. trade discord with Canada, Mexico, South Korea and China. Trump was voted into office partially owing to his populist stance on trade; but we think a trade war could be as dangerous an economic blunder today as it was during the Great Depression.

We continue to expect a U.S. business-friendly tax package to be enacted and signed by the Trump administration before the end of the year. However, the absence of such legislation could further dampen investors’ expectations for U.S. economic growth—thereby causing a serious correction in the overall U.S. equity market, especially hurting economically sensitive small-company and value stocks.

As noted above, the upturn in global economic activity has spurred the world’s major central banks to reassess their policy stance. The danger is that they could make a policy mistake, either by acting too quickly or not fast enough. The BOE faces the greatest policy challenge, with an accelerating inflation rate at a time when its overall economic growth has been somewhat below that of the U.S. and eurozone. Although the BOE has signaled its intention to reverse the easing implemented in the aftermath of the Brexit vote, it is unclear whether the correct policy course calls for further tightening moves.

In the run-up to this October’s all-important National Congress of the Communist Party of China, the country’s economic policy has been geared toward growth. President Xi Jinping’s government has been focused on restraining rampant speculation in the property markets and curtailing growth of the shadow-banking system—with


4		SEI Institutional Managed Trust / Annual Report / September 30, 2017

mixed success. As soon as China’s economy begins to weaken and financial markets exhibit signs of stress, its economic planners tend to reengage the accelerator.

It may be time to step on the brake again following the National Congress and the likely strengthening of President Xi’s political power coming out of that meeting. The current inflation rate for Chinese manufacturing producer prices is near the peak levels recorded in 2004, 2008 and 2011. A cyclical slowdown in China’s economy would likely be bad news for commodity prices and other emerging economies. Since the overall consumer price index remains at less than a 2% rate, we expect the People’s Bank of China to try a gentle tap on the brake.

While we would not rule out a correction in asset values more notable than others that occurred in the past 18 months, our investment mantra of buying on the dip still holds.

Our equity strategies remain positioned for further cyclical improvement around the world. They generally have a smaller-company and value bias versus their benchmarks. We tend to favor momentum-oriented opportunities, and view equity markets outside the U.S. as more attractive than U.S. equity markets. Indeed, our caution toward equities is most pronounced in the U.S., where the outlook for earnings growth is more modest than elsewhere in the world.

On the fixed-income side, we expect yields will slowly move higher as global growth becomes more entrenched and central banks begin to remove the extraordinary stimulative measures of quantitative easing and zero (or negative) interest rates. Our underlying managers are generally short duration versus their benchmarks, favor credit-spread strategies and are positioned for a further narrowing of the yield curve, especially in the U.S.

On behalf of SEI Investments, I thank you for your continued confidence. We are working every day to maintain that confidence, and look forward to serving your investment needs in the future.

Sincerely,

LOGO

William Lawrence, CFA

Managing Director, Portfolio Management Team


SEI Institutional Managed Trust / Annual Report / September 30, 2017			5

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FUND PERFORMANCE

September 30, 2017 (Unaudited)

Large Cap Fund

I. Objective

The Large Cap Fund (the “Fund”) seeks to provide long-term growth of capital and income.

II. Investment Approach

The Fund uses a multi-manager approach, relying on a number of sub-advisers with differing investment philosophies and strategies to manage portions of the Fund’s portfolio, under the general supervision of SEI Investments Management Corporation (“SIMC”). Assets of the Fund not allocated to sub-advisers are managed directly by SIMC. During the year ended September 30, 2017, the Fund utilized the following sub-advisers: AQR Capital Management, LLC, BlackRock Investment Management, LLC, Brandywine Global Investment Management LLC, Coho Partners, Ltd., Fiera Capital Inc., Jackson Square Partners, LLC, LSV Asset Management, Parametric Portfolio Associates LLC, and Snow Capital Management, L.P.

III. Returns

For the year ended September 30, 2017, the Large Cap Fund, Class F, returned 17.88%. The Fund’s benchmark—the Russell 1000^® Index—returned 18.54%.

IV. Performance Discussion

The U.S. equity market began the fiscal year with investors focused on the presidential election campaign. Although the controversial election process and its outcome left many feeling that the country was deeply divided, the equity market rallied on hopes of deregulation, infrastructure spending and a corporate tax cut. Value stocks in general and the financial sector, in particular, rose sharply after the election, as noted in the shareholder letter, while market participants gained conviction that the economy would stay on track and that the upward path of short-term interest rates would continue. High-dividend-yield segments of the market, such as utilities and real-estate investment trusts (“REITs”), lagged as they were seen as less attractive in a rising interest-rate environment. Initially, information-technology and internet-commerce stocks declined after the election when investors quickly shifted preference toward industries that may be bigger beneficiaries of deregulation and infrastructure spending. Although many of the trends that began with the election continued, one trend that reversed as the fiscal year progressed was the underperformance of growth stocks. Many growth managers outperformed value managers, as internet-commerce and information-technology stocks were market leaders for the final three quarters of the fiscal

year, and information technology became the second best-performing sector (after financials) for the full fiscal year.

Stock selection within the energy and financials sectors contributed to benchmark-relative returns. An underweight to REITs was also beneficial as short-term interest rates rose and demand declined for REITs as income-producing securities. Security selection within the consumer-discretionary sector, and the media industry, in particular, detracted. A tilt toward value stocks detracted as growth stocks led the market advance.

From a manager perspective, stability-oriented manager Coho lagged in the rising market as the excitement around more volatile stocks caused stable stocks to be largely ignored by investors for much of the year. Coho’s underweight to the information-technology sector caused it to miss some of the opportunity provided by the rising market. Coho’s stock selection within the consumer-discretionary sector also detracted. Snow, our concentrated deep-value manager, outperformed due to its exposure to banks within the financials sector. Snow also benefited by avoiding the telecommunication-services sector and REITs as those areas both lagged in the rising market. Brandywine, another fundamental deep-value manager, also benefited from exposure to banks within the financials sector. Brandywine’s stock selection within the information-technology sector contributed to performance. Brandywine also benefited by avoiding the consumer-staples sector and REITs, as those areas lagged in the rising market. LSV’s slight pro-cyclical tilt was beneficial. Stock selection within the industrials sector and exposure to the aerospace and defense industry, in particular, contributed positively to LSV’s return. SIMC’s factor-based strategy benefited from an underweight to the energy sector, but its value tilt was a headwind and its decision to hold cash detracted from positive equity performance. AQR’s stock selection within the industrial sector contributed to performance. AQR also benefited from underweights to the energy sector and REITs. Jackson Square’s stock selection within the information-technology and consumer-discretionary sectors detracted from performance. Blackrock’s performance benefited from its growth exposure, but stock selection within the industrials sector detracted.


6		SEI Institutional Managed Trust / Annual Report / September 30, 2017


AVERAGE ANNUAL TOTAL RETURN¹

	1 Year Return		Annualized 3 Year Return		Annualized 5 Year Return		Annualized Inception to Date

Large Cap Fund, Class F^‡		17.88%		8.46%		12.77%		12.26%

Large Cap Fund, Class Y		18.16%		8.71%		12.93%		12.35%

Russell 1000^® Index		18.54%		10.63%		14.27%		13.89%

Comparison of Change in the Value of a $100,000 Investment in the Large Cap Fund, Class F and Class Y, versus the Russell 1000^® Index

LOGO

For the year ended 9/30/17. Past performance is no indication of future performance. Class F shares were offered beginning 9/30/09. Class Y shares were offered beginning 12/31/14. Class Y shares performance for the period prior to 12/31/14 is derived from the performance of Class F shares adjusted for the lower expenses of Class Y shares. Returns for Class Y shares are substantially similar to those of Class F shares and differ only to the extent that Class Y shares have lower total annual fund operating expenses than Class F shares. Returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The returns for the period reflect fee waivers and/or reimbursements in effect for the period; absent fee waivers and reimbursements, performance would have been lower.

^‡	See Note 1 in Notes to Financial Statements.


SEI Institutional Managed Trust / Annual Report / September 30, 2017			7

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FUND PERFORMANCE

September 30, 2017 (Unaudited)

Large Cap Value Fund

I. Objective

The Large Cap Value Fund (the “Fund”) seeks to provide long-term growth of capital and income.

II. Investment Approach

The Fund uses a multi-manager approach, relying on a number of sub-advisers with differing investment philosophies and strategies to manage portions of the Fund’s portfolio, under the general supervision of SEI Investments Management Corporation (“SIMC”). Assets of the Fund not allocated to sub-advisers are managed directly by SIMC. The Fund utilized the following sub-advisers during the year ended September 30, 2017: AQR Capital Management, LLC, Brandywine Global Investment Management, LLC, Coho Partners, Ltd., LSV Asset Management, Parametric Portfolio Associates LLC, and Snow Capital Management, LP. No manager changes were made during the Fund’s fiscal year.

III. Returns

For the year ended September 30, 2017, the Large Cap Value Fund, Class F, returned 18.13%. The Fund’s benchmark—the Russell 1000^® Value Index—returned 15.12%.

IV. Performance Discussion

The U.S. equity market began the fiscal year with investors focused on the presidential election campaign. Although the controversial election process and its outcome left many feeling that the country was deeply divided, the equity market rallied on hopes of deregulation, infrastructure spending and a corporate tax cut. Value stocks in general and the financial sector, in particular, rose sharply after the election, as noted in the shareholder letter, while market participants gained conviction that the economy would stay on track and that the upward path of short-term interest rates would continue. High-dividend-yield segments of the market, such as utilities and real-estate investment trusts (“REITs”), lagged as they were seen as less attractive in a rising interest-rate environment. Initially, information-technology and internet-commerce stocks declined after the election when investors quickly shifted preference toward industries that may be bigger beneficiaries of deregulation and infrastructure spending. Although many of the trends that began with the election continued, one trend that reversed as the fiscal year progressed was the underperformance of growth stocks. Internet-commerce and information-technology stocks turned out to be market leaders for the final three quarters of the fiscal year, and information technology became the second

best-performing sector (after financials) for the full fiscal year.

Stock selection within the information-technology and financials sectors contributed significantly to outperformance. However, stock selection within the telecommunication-services sector detracted. An underweight to the energy sector was beneficial to benchmark-relative returns, as was an underweight to REITs, as market demand for income-producing securities declined with the rise in short-term interest rates.

From a manager perspective, stability-oriented manager Coho performed in-line with the benchmark. Its underweight to the financials sector detracted, but its security selection within the energy and information-technology sectors was favorable. Snow, our concentrated deep-value manager, produced favorable stock selection within the financials sector but its stock selection within the energy sector detracted. Brandywine, another fundamental deep-value manager, outperformed due to strong stock selection within the information-technology sector. SIMC’s factor-based allocation benefited from underweighting the energy sector and by emphasizing the refiners within the sector. AQR achieved modest gains from favorable stock selection within the healthcare sector. LSV provided favorable stock selection in multiple sectors, particularly energy and industrials.


AVERAGE ANNUAL TOTAL RETURN¹

	1 Year Return		Annualized 3 Year Return		Annualized 5 Year Return		Annualized 10 Year Return		Annualized Inception to Date

Large Cap Value Fund, Class F‡		18.13%		6.89%		12.33%		5.00%		9.01%

Large Cap Value Fund, Class I		17.84%		6.66%		12.09%		4.76%		8.72%

Large Cap Value Fund, Class Y		18.37%		7.04%		12.43%		5.04%		9.03%

Russell 1000^® Value Index		15.12%		8.53%		13.20%		5.92%		9.96%


8		SEI Institutional Managed Trust / Annual Report / September 30, 2017

Comparison of Change in the Value of a $100,000 Investment in the Large Cap Value Fund, Class F, Class I, and Class Y, versus the Russell 1000^® Index

LOGO

For the year ended 9/30/17. Past performance is no indication of future performance. Class F shares were offered beginning 10/3/94 and Class I shares were offered beginning 8/6/01. The performance of Class I shares prior to 8/6/01 is calculated using the performance of the fund’s Class F shares adjusted for the higher expenses of the Class I shares. Class Y shares were offered beginning 10/30/15. Class Y Shares performance for the period prior to 10/30/15 is derived from the performance of Class F shares adjusted for the lower expenses of Class Y shares. Returns for Class Y shares are substantially similar to those of Class F shares and differ only to the extent that Class Y shares have lower total annual fund operating expenses than Class F shares. Returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The returns for certain periods reflect fee waivers and/or reimbursements in effect for that period; absent fee waivers and reimbursements, performance would have been lower.

^‡	See Note 1 in Notes to Financial Statements.


SEI Institutional Managed Trust / Annual Report / September 30, 2017			9

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FUND PERFORMANCE

September 30, 2017 (Unaudited)

Large Cap Growth Fund

I. Objective

The Large Cap Growth Fund (the “Fund”) seeks to provide capital appreciation.

II. Investment Approach

The Fund uses a multi-manager approach, relying on a number of sub-advisers with differing investment philosophies and strategies to manage portions of the Fund’s portfolio, under the general supervision of SEI Investments Management Corporation (“SIMC”). Assets of the Fund not allocated to sub-advisers are managed directly by SIMC. The Fund utilized the following sub-advisers during the year ended September 30, 2017: BlackRock Investment Managers, LLC, Fiera Capital Inc., Jackson Square Partners, LLC, and Parametric Portfolio Associates LLC.

During the period, Fiera Capital Inc. was added to the Fund.

III. Returns

For the year ended September 30, 2017, the Large Cap Growth Fund, Class F, returned 16.89%. The Fund’s benchmark—the Russell 1000^® Growth Index—returned 21.94%.

IV. Performance Discussion

The U.S. equity market began the fiscal year with investors focused on the presidential election campaign. Although the controversial election process and its outcome left many feeling that the country was deeply divided, the equity market rallied on hopes of deregulation, infrastructure spending and a corporate tax cut. Value stocks in general and the financial sector, in particular, rose sharply after the election, as noted in the shareholder letter, while market participants gained conviction that the economy would stay on track and that the upward path of short-term interest rates would continue. High-dividend-yield segments of the market, such as utilities and real-estate investment trusts (“REITs”), lagged as they were seen as less attractive in a rising interest-rate environment. Initially, information-technology and internet-commerce stocks declined after the election when investors quickly shifted preference toward industries that may be bigger beneficiaries of deregulation and infrastructure spending. Although many of the trends that began with the election continued, one trend that reversed as the fiscal year progressed was the underperformance of growth stocks. Internet-commerce and information-technology stocks turned out to be market leaders for the final three quarters of the fiscal

year, and information technology became the second best-performing sector (after financials) for the full fiscal year.

The Fund’s performance was held back by an underweight to, and poor stock selection within, the industrials sector. Additionally, the Fund’s stock picks within the technology and consumer-discretionary sectors did not keep up with the benchmark holdings in those sectors. However, the Fund benefited from an underweight to the consumer-staples sector, which failed to keep up in the rising market.

From a manager perspective, Jackson Square Partners, our concentrated-growth manager, lagged due to stock selection within the consumer-discretionary sector. Additionally, Jackson Square’s underweight to the industrials sector detracted from benchmark-relative performance. SIMC’s factor-based allocation benefited from overweighting the airlines industry within the industrials sector. Blackrock’s stock selection within the industrials sector detracted, while stock selection within the consumer-discretionary sector benefited Fund performance.


10		SEI Institutional Managed Trust / Annual Report / September 30, 2017


AVERAGE ANNUAL TOTAL RETURN¹

	1 Year Return		Annualized 3 Year Return		Annualized 5 Year Return		Annualized 10 Year Return		Annualized Inception to Date

Large Cap Growth Fund, Class F‡		16.89%		9.70%		12.44%		7.07%		8.22%

Large Cap Growth Fund, Class I		16.63%		9.46%		12.20%		6.83%		7.91%

Large Cap Growth Fund, Class Y		17.17%		9.88%		12.55%		7.12%		8.24%

Russell 1000^® Growth Index		21.94%		12.69%		15.26%		9.08%		9.44%

Comparison of Change in the Value of a $100,000 Investment in the Large Cap Growth Fund, Class F, Class I, and Class Y, versus the Russell 1000^® Index

LOGO

For the year ended 9/30/17. Past performance is no indication of future performance. Class F shares were offered beginning 12/20/94 and Class I shares were offered beginning 8/6/01. The performance of Class I shares prior to 8/6/01 is calculated using the performance of the fund’s Class F shares adjusted for the higher expenses of the Class I shares. Class Y shares were offered beginning 10/30/15 Class Y shares performance for the period prior to 10/30/15 is derived from the performance of Class F shares adjusted for the lower expenses of Class Y shares. Returns for Class Y shares are substantially similar to those of Class F shares and differ only to the extent that Class Y shares have lower total annual fund operating expenses than Class F shares. Returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The returns for certain periods reflect fee waivers and/or reimbursements in effect for that period; absent fee waivers and reimbursements, performance would have been lower.

^‡	See Note 1 in Notes to Financial Statements.


SEI Institutional Managed Trust / Annual Report / September 30, 2017			11

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FUND PERFORMANCE

September 30, 2017 (Unaudited)

Tax-Managed Large Cap Fund

I. Objective

The Tax-Managed Large Cap Fund (the “Fund”) seeks to provide high, long-term after-tax returns.

II. Investment Approach

The Fund uses a multi-manager approach, relying on a number of sub-advisers with differing investment approaches to manage portions of the Fund’s portfolio, under the general supervision of SEI Investments Management Corporation (“SIMC”). Assets of the Fund not allocated to sub-advisers are managed directly by SIMC. The Fund utilized the following sub-advisers during the year ended September 30, 2017: AQR Capital Management, LLC, BlackRock Investment Management LLC, Brandywine Global Investment Management LLC, Coho Partners, Ltd., Fiera Capital Inc., Jackson Square Partners, LLC, LSV Asset Management, Parametric Portfolio Associates LLC, and Snow Capital Management, LP.

During the period, Fiera Capital Inc. was added to the Fund.

III. Returns

For the year ended September 30, 2017, the Tax-Managed Large Cap Fund, Class F, returned 17.19%. The Fund’s benchmark — the Russell 1000^® Index — returned 18.54%.

IV. Performance Discussion

trend that reversed as the fiscal year progressed was the underperformance of growth stocks. Many growth managers outperformed value managers, as internet-commerce and information-technology stocks were market leaders for the final three quarters of the fiscal year, and information technology became the second best-performing sector (after financials) for the full fiscal year.

Cash in the portfolio created a headwind against positive equity market performance. Stock selection within the energy and financials sectors contributed to benchmark-relative returns. An underweight to REITs was also beneficial as short-term interest rates rose and demand declined for REITs as income-producing securities. Security selection within the consumer-discretionary sector, and the media industry, in particular, detracted. A tilt toward value stocks detracted as growth stocks led the market advance.

From a manager perspective, stability-oriented manager Coho lagged in the rising market as the excitement around more volatile stocks caused stable stocks to be largely ignored by investors for much of the year. Coho’s underweight to the information-technology sector caused it to miss some of the opportunity provided by the rising market. Coho’s stock selection within the consumer-discretionary sector also detracted. Snow, our concentrated deep-value manager, outperformed due to its exposure to banks within the financials sector. Snow also benefited by avoiding the telecommunication-services sector and REITs as those areas both lagged in the rising market. Brandywine, another fundamental deep-value manager, also benefited from exposure to banks within the financials sector. Brandywine’s stock selection within the information-technology sector contributed to performance. Brandywine also benefited by avoiding the consumer-staples sector and REITs, as those areas lagged in the rising market. LSV’s slight pro-cyclical tilt was beneficial. Stock selection within the industrials sector and exposure to the aerospace and defense industry, in particular, contributed to LSV’s return. SIMC’s factor-based strategy benefited from an underweight to the energy sector, but its value tilt was a headwind and its decision to hold cash detracted from positive equity performance. AQR’s stock selection within the industrial sector contributed to performance. AQR also benefited from underweights to the energy sector and REITs. Jackson Square’s stock selection within the information-technology and consumer-discretionary sectors detracted from performance. Blackrock’s performance benefited from its growth


12		SEI Institutional Managed Trust / Annual Report / September 30, 2017

exposure, but stock selection within the industrials sector detracted.


AVERAGE ANNUAL TOTAL RETURN¹


	1 Year Return		Annualized 3 Year Return		Annualized 5 Year Return		Annualized 10 Year Return		Annualized Inception to Date

Tax-Managed Large Cap Fund, Class F^‡		17.19%		7.92%		12.61%		6.10%		5.53%

Tax-Managed Large Cap Fund, Class Y		17.52%		8.17%		12.77%		6.18%		5.57%

Russell 1000^® Index		18.54%		10.63%		14.27%		7.55%		6.86%

Comparison of Change in the Value of a $100,000 Investment in the Tax-Managed Large Cap Fund, Class F and Class Y, versus the Russell 1000^® Index

LOGO

For the year ended 9/30/17. Past performance is no indication of future performance. Class F shares were offered beginning 3/5/98. Class Y shares were offered beginning 12/31/14. Class Y shares performance for the period prior to 12/31/14 is derived from the performance of Class F shares adjusted for the lower expenses of Class Y shares. Returns for Class Y shares are substantially similar to those of Class F shares and differ only to the extent that Class Y shares have lower total annual fund operating expenses than Class F shares. Returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The returns for certain periods reflect fee waivers and/or reimbursements in effect for that period; absent fee waivers and reimbursements, performance would have been lower.

^‡	See Note 1 in Notes to Financial Statements.


SEI Institutional Managed Trust / Annual Report / September 30, 2017			13

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FUND PERFORMANCE

September 30, 2017 (Unaudited)

S&P 500 Index Fund

I. Objective

The S&P 500 Index Fund (the “Fund”) seeks to provide investment results that correspond to the aggregate price and dividend performance of the securities in the S&P 500 Index.

II. Investment Approach

During the year ended September 30, 2017, the Fund used a single sub-adviser, SSgA Funds Management, Inc., (“SSgA”), under the general supervision of SEI Investments Management Corporation (“SIMC”). No manager changes were made during the Fund’s fiscal year.

III. Returns

For the year ended September 30, 2017, the S&P 500 Index Fund, Class F, returned 18.12%. The Fund’s benchmark—the S&P 500 Index—returned 18.61%.

IV. Performance Discussion

The Fund achieved its objective of tracking, before fees and expenses, the performance of the S&P 500 Index.

The U.S. equity market began the fiscal year with investors focused on the presidential election campaign. Although the controversial election process and its outcome left many feeling that the country was deeply divided, the equity market rallied on hopes of deregulation, infrastructure spending and a corporate tax cut. Value stocks in general and the financial sector, in particular, rose sharply after the election, as noted in the shareholder letter, while market participants gained conviction that the economy would stay on track and that the upward path of short-term interest rates would continue. High-dividend-yield segments of the market, such as utilities and real-estate investment trusts (“REITs”), lagged as they were seen as less attractive in a rising interest-rate environment. Initially, information-technology and internet-commerce stocks declined after the election when investors quickly shifted preference toward industries that may be bigger beneficiaries of deregulation and infrastructure spending. Although many of the trends that began with the election continued, one trend that reversed as the fiscal year progressed was the underperformance of growth stocks. Internet-commerce and information-technology stocks turned out to be market leaders for the final three quarters of the fiscal year, and information technology became the second best-performing sector (after financials) for the full fiscal year.

Derivatives were used for the purposes of equitizing cash flows and hedging back to the Fund’s passive mandate. There was a negligible impact on performance.


AVERAGE ANNUAL TOTAL RETURN¹


	1 Year Return		Annualized 3 Year Return		Annualized 5 Year Return		Annualized 10 Year Return		Annualized Inception to Date

S&P 500 Index Fund, Class E		18.32%		10.57%		13.97%		7.21%		10.55%

S&P 500 Index Fund, Class F‡		18.12%		10.37%		13.76%		7.02%		8.12%

S&P 500 Index Fund, Class I		17.87%		10.12%		13.51%		6.79%		7.83%

S&P 500 Index Fund, Class Y		18.31%		10.56%		13.96%		7.21%		10.55%

S&P 500 Index		18.61%		10.81%		14.22%		7.44%		8.56%

Comparison of Change in the Value of a $100,000 Investment in the S&P 500 Index Fund, Class F, Class I and Class Y, versus the S&P 500 Index

LOGO


14		SEI Institutional Managed Trust / Annual Report / September 30, 2017

Comparison of Change in the Value of a $5,000,000 Investment in the S&P 500 Index Fund, Class E, versus the S&P 500 Index

LOGO

For the year ended 9/30/17. Past performance is not an indication of future performance. Class F shares were offered beginning 2/28/96. Class E shares were offered beginning 7/31/85. Class I shares were offered beginning 6/28/02. Class Y shares were offered beginning 10/30/15. Class Y shares performance for the period prior to 10/30/15 is derived from the performance of Class F shares adjusted for the lower expenses of Class Y shares. Returns for Class Y shares are substantially similar to those of Class F shares and differ only to the extent that Class Y shares have lower total annual fund operating expenses than Class F shares. The performance of Class I shares prior to 6/28/02 is calculated using the performance of the fund’s Class F shares adjusted for the higher expenses of the Class I shares. Effective 7/31/97, the Board of Trustees approved the renaming of Class F and Class E shares to Class E and Class F shares, respectively. Returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The returns for certain periods reflect fee waivers and reimbursements, performance would have been lower.

^‡	See Note 1 in Notes to Financial Statements.


SEI Institutional Managed Trust / Annual Report / September 30, 2017			15

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FUND PERFORMANCE

September 30, 2017 (Unaudited)

Small Cap Fund

I. Objective

The Small Cap Fund (the “Fund”) seeks to provide capital appreciation.

II. Investment Approach

The Fund uses a multi-manager approach, relying on a number of sub-advisers with differing investment approaches to manage portions of the Fund’s portfolio, under the general supervision of SEI Investments Management Corporation (“SIMC”). Assets of the Fund not allocated to sub-advisers are managed directly by SIMC. The Fund utilized the following sub-advisers during the year ended September 30, 2017: AllianceBernstein, L.P., AQR Capital Management, LLC, EAM Investors, LLC, Falcon Point Capital, LLC, Mesirow Financial Equity Management, Parametric Portfolio Associates LLC, Rice Hall James & Associates, LLC, Robeco Investment Management, Inc., and Snow Capital Management, LP.

During the period, Alliance Bernstein, L.P. was removed from the Fund, while Rice Hall James & Associates, LLC was added.

III. Returns

For the year ended September 30, 2017, the Small Cap Fund, Class F, returned 14.29%. The Fund’s benchmark—the Russell 2000^® Index—returned 20.74%.

IV. Performance Discussion

The U.S. equity market began the fiscal year with investors focused on the presidential election. The Trump victory was followed closely by a sharp market rally on expectations for deregulation, infrastructure spending and a corporate-tax cut, as noted in the shareholder letter. Value stocks in general and the financial sector, in particular, rose significantly after the election as market participants gained conviction that the economy would stay on track and that the upward path of short-term interest rates would continue.

High-dividend-yield segments of the market, such as utilities and real-estate investment trusts, lagged as they were seen as less attractive in a rising interest-rate environment. Initially, information-technology and internet-commerce stocks declined after the election when investors quickly shifted preference toward industries that may be bigger beneficiaries of deregulation and infrastructure spending. Domestically-focused, smaller-cap companies were seen as poised to benefit from a lower corporate-tax rate as well since their

effective tax rates are typically higher than larger, more internationally-exposed companies.

Although many of the trends that began with the election continued into the new year, one trend that reversed as the fiscal year progressed was the underperformance of growth stocks. The “Trump trade” unwound and healthcare (largely driven by the biotechnology sector) and information-technology stocks turned out to be market leaders for the middle two quarters of the fiscal year. Financials, industrials and materials, however, remained the best-performing sectors for the overall fiscal year because of the risk-on, cyclical trade in November, aided by a slight resurgence of a similar trade in September when hopes for corporate-tax reform were briefly renewed.

These sectors were ultimately the market leaders because of strong bookended performance during the fiscal year. More traditionally growth-oriented sectors led the pack in the first and second quarters of 2017. Energy was the only sector that saw a negative return for the year, as U.S. shale refiners stepped up production and supply cuts by the Organization of Petroleum Exporting Countries failed to effectively stem the glut for a time. Oil prices suffered during the summer months and only began to recover toward the end of the fiscal period.

The Fund underperformed the benchmark for the fiscal year. Our managers were able to capitalize on outperformance by the information-technology sector and strong security selection made the sector a leading contributor to excess performance. An underweight to the real-estate sector was also a boon to performance. The largest detractors were the consumer-discretionary, energy and healthcare sectors—their effect outweighed the contribution from information technology and real estate. This was largely attributable to poor stock selection in each sector, although a slight overweight to energy among our value managers compounded this.

For the most part, our managers followed the style trends and our growth managers were able to ride tailwinds during the last three quarters of the year. Rice Hall James, EAM and Mesirow were the Fund’s top-contributing managers during the period. Rice Hall James was able to capture healthcare’s outperformance through selection, and EAM succeeded in healthcare and information technology as momentum gained strength in those sectors. Falcon Point was plagued by poor selection throughout the year and was our worst-performing manager. Robeco and AQR struggled with value-style headwinds and also detracted. Robeco


16		SEI Institutional Managed Trust / Annual Report / September 30, 2017

suffered especially hard from an overweight to the energy sector.

AVERAGE ANNUAL TOTAL RETURN¹



	1 Year Return		Annualized 3 Year Return		Annualized 5 Year Return		Annualized Inception to Date

Small Cap Fund, Class F^‡		14.29%		7.10%		11.17%		10.98%

Small Cap Fund, Class Y		14.51%		7.34%		11.32%		11.07%

Russell 2000^® Index		20.74%		12.18%		13.79%		13.48%

Comparison of Change in the Value of a $100,000 Investment in the Small Cap Fund, Class F and Class Y, versus the Russell 2000^® Index

LOGO

For the year ended 9/30/17. Past performance is not an indication of future performance. Class F shares were offered beginning 6/14/96. Class Y shares were offered beginning 12/31/14. Class Y shares performance for the period prior to 12/31/14 is derived from the performance of Class F shares adjusted for the lower expenses of the Class Y shares. Returns for Class Y shares are substantially similar to those of Class F shares and differ only to the extent that Class Y shares have lower total annual fund operating expenses than Class F shares. Returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The returns for certain periods reflect fee waivers and reimbursements, performance would have been lower.

^‡	See Note 1 in Notes to Financial Statements.


SEI Institutional Managed Trust / Annual Report / September 30, 2017			17

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FUND PERFORMANCE

September 30, 2017 (Unaudited)

Small Cap Value Fund

I. Objective

The Small Cap Value Fund (the “Fund”) seeks to provide capital appreciation.

II. Investment Approach

The Fund uses a multi-manager approach, relying on a number of sub-advisers with differing investment approaches to manage portions of the Fund’s portfolio, under the general supervision of SEI Investments Management Corporation (“SIMC”). Assets of the Fund not allocated to sub-advisers are managed directly by SIMC. The Fund utilized the following sub-advisers during the year ended September 30, 2017: AQR Capital Management, LLC, Boston Partners Global Investor’s, Inc., Cardinal Capital Management LLC, LSV Asset Management, Mesirow Financial Equity Management, Parametric Portfolio Associates LLC, and Snow Capital Management, LP. No manager changes were made during the Fund’s fiscal year.

III. Returns

For the year ended September 30, 2017, the Small Cap Value Fund, Class F, returned 15.61%. The Fund’s benchmark—the Russell 2000^® Value Index—returned 20.55%.

IV. Performance Discussion

The Fund underperformed mostly due to stock selection within energy and healthcare. A slight overweight to energy and a larger underweight to financials compounded this detraction. Strong security selection within telecommunications and materials contributed to return, but not by enough to defray the negative effects.

For the most part, our deeper-value managers suffered more from style headwinds for the last three quarters of the fiscal year. Robeco and Snow were the largest detractors from performance as a result of overexposure to energy and poor selection within healthcare. The SIMC factor-based strategy contributed the most to return, thanks to an underweight in real estate and stock selection within financials. Cardinal and Mesirow contributed as well, and LSV was relatively flat to the benchmark.

AVERAGE ANNUAL TOTAL RETURN¹




	1 Year Return		Annualized 3 Year Return		Annualized 5 Year Return		Annualized 10 Year Return		Annualized Inception to Date

Small Cap Value Fund, Class F‡		15.61%		8.59%		11.50%		6.00%		10.15%

Small Cap Value Fund, Class I		15.37%		8.34%		11.25%		5.76%		9.83%

Small Cap Value Fund, Class Y		15.94%		8.78%		11.61%		6.06%		10.17%

Russell 2000^® Value Index		20.55%		12.12%		13.27%		7.14%		10.94%


18		SEI Institutional Managed Trust / Annual Report / September 30, 2017

Comparison of Change in the Value of a $100,000 Investment in the Small Cap Value Fund, Class F, Class I, and Class Y, versus the Russell 2000^® Index

LOGO

For the year ended 9/30/17. Past performance is no indication of future performance. Class F shares were offered beginning 12/20/94 and Class I shares were offered beginning 2/11/02. Class I shares performance for the period prior to 2/11/02 is derived from the performance of Class F shares adjusted for the higher expenses of the Class I shares. Class Y shares were offered beginning 10/30/15. Class Y shares performance for the period prior to 10/30/15 is derived from the performance of Class F shares adjusted for the lower expenses of the Class Y shares. Returns for Class Y shares are substantially similar to those of Class F shares and differ only to the extent that Class Y shares have lower total annual fund operating expenses than Class F shares. Returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The returns for certain periods reflect fee waivers and/or reimbursements in effect for that period; absent fee waivers and reimbursements, performance would have been lower.

^‡	See Note 1 in Notes to Financial Statements.


SEI Institutional Managed Trust / Annual Report / September 30, 2017			19

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FUND PERFORMANCE

September 30, 2017 (Unaudited)

Small Cap Growth Fund

I. Objective

The Small Cap Growth Fund (the “Fund”) seeks to provide long-term capital appreciation.

II. Investment Approach

The Fund uses a multi-manager approach, relying on a number of sub-advisers with differing investment approaches to manage portions of the Fund’s portfolio, under the general supervision of SEI Investments Management Corporation (“SIMC”). Assets of the Fund not allocated to sub-advisers are managed directly by SIMC. The Fund utilized the following sub-advisers during the year ended September 30, 2017: AllianceBernstein, L.P., ArrowMark Partners (formerly Arrowpoint Asset Management, LLC), Axiom International Investors LLC, EAM Investors LLC, Falcon Point Capital, LLC, and Parametric Portfolio Associates LLC. No manager changes were made during the Fund’s fiscal year.

III. Returns

For the year ended September 30, 2017, the Small Cap Growth Fund, Class F, returned 19.27%. The Fund’s benchmark—the Russell 2000^® Growth Index—returned 20.98%.

IV. Performance Discussion

The Fund underperformed the benchmark during the fiscal year. Poor security selection within consumer discretionary—particularly media and retail—detracted; strong stock selection within information technology and healthcare benefited Fund performance, though not by enough to outweigh the detractors.

All managers except Falcon Point outperformed the benchmark. AllianceBernstein was the leading contributor to performance, followed closely by ArrowMark. AllianceBernstein had strong stock selection in information technology and consumer staples, while ArrowMark was overweight in industrials and had strong selection within information technology. Falcon Point struggled with stock selection throughout the period, unable to capitalize on the style tailwinds. SIMC also lagged and was unable to capitalize on its factor-based strategy.


20		SEI Institutional Managed Trust / Annual Report / September 30, 2017


AVERAGE ANNUAL TOTAL RETURN¹

		Annualized	Annualized	Annualized	Annualized
	1 Year Return	3 Year Return	5 Year Return	10 Year Return	Inception to Date

Small Cap Growth Fund, Class F^‡	19.27%	9.87%	13.23%	5.59%	9.28%

Small Cap Growth Fund, Class I	18.97%	9.60%	12.95%	5.32%	8.96%

Small Cap Growth Fund, Class Y	19.57%	10.05%	13.35%	5.64%	9.30%

Russell 2000^® Growth Index	20.98%	12.17%	14.28%	8.47%	8.02%

Comparison of Change in the Value of a $100,000 Investment in the Small Cap Growth Fund, Class F, Class I, and Class Y, versus the Russell 2000^® Growth Index.

LOGO

For the year ended 9/30/17. Past performance is not an indication of future performance. Class F shares were offered beginning 4/20/92 and Class I shares were offered beginning 8/6/01. Class I shares performance for the period prior to 8/6/01 is derived from the performance of Class F shares adjusted for the higher expenses of Class I shares. Class Y shares were offered beginning 10/30/15. Class Y shares performance for the period prior to 10/30/15 is derived from the performance of Class F shares adjusted for the lower expenses of Class Y shares. Returns for Class Y shares are substantially similar to those of Class F shares and differ only to the extent that Class Y shares have lower total annual fund operating expenses than Class F shares. Returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The returns for certain periods reflect fee waivers and/or reimbursements in effect for that period; absent fee waivers and/or reimbursements, performance would have been lower.

^‡	See Note 1 in Notes to Financial Statements.


SEI Institutional Managed Trust / Annual Report / September 30, 2017			21

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FUND PERFORMANCE

September 30, 2017 (Unaudited)

Tax-Managed Small/Mid Cap Fund

I. Objective

The Tax-Managed Small/Mid Cap Fund (the “Fund”) seeks to provide high, long-term after-tax returns.

II. Investment Approach

The Fund uses a multi-manager approach, relying on a number of sub-advisers with differing investment approaches to manage portions of the Fund’s portfolio, under the general supervision of SEI Investments Management Corporation (“SIMC”). Assets of the Fund not allocated to sub-advisers are managed directly by SIMC. The Fund utilized the following sub-advisers during the year ended September 30, 2017: AllianceBernstein, L.P., AQR Capital Management, LLC, Cardinal Capital Management LLC, CastleArk Management, LLC, Mesirow Financial Investment Management, Inc., Parametric Portfolio Associates LLC and Snow Capital Management LP. No manager changes were made during the Fund’s fiscal year.

III. Returns

For the year ended September 30, 2017, the Tax-Managed Small/ Mid Cap Fund, Class F, returned 16.91%. The Fund’s benchmark — the Russell 2500^® Index — returned 17.79%.

IV. Performance Discussion

The U.S. equity market began the fiscal year with investors focused on the 2016 presidential election. The Trump victory was followed by a sharp market rally on expectations for deregulation, infrastructure spending and a corporate-tax cut, as noted in the shareholder letter. Value stocks in general and the financial sector, in particular, rose significantly after the election as market participants gained conviction that the economy would stay on track and that the upward path of short-term interest rates would continue.

High-dividend-yield and bond-proxy segments of the market like utilities and real-estate investment trusts (“REITs”) lagged, as they were seen as less attractive in a rising interest-rate environment. Initially, information-technology and internet-commerce stocks declined after the election when investors shifted preference toward industries that may have been greater beneficiaries of deregulation and infrastructure spending. Domestically focused, smaller-cap companies were seen as poised to benefit from a lower corporate-tax rate as well, since their effective tax rates are typically higher than larger companies with more international exposure.

Although many of the trends that began with the election continued, one trend that reversed as the fiscal year progressed was the underperformance of growth stocks. The “Trump trade” unwound and health care, largely driven by the biotechnology sector, and information-technology stocks turned out to be market leaders for the last three quarters of the fiscal year.

Technology, financials and industrials were the best-performing sectors for the fiscal year overall. Energy was negative over the fiscal year, as U.S. shale refiners stepped up production and Organization of Petroleum Exporting Country supply cuts failed to effectively stem the glut for a time. Oil prices suffered especially hard during the summer months and only began to recover toward the end of the fiscal period.

The Fund underperformed the benchmark during the fiscal period. The largest detracting sector was healthcare, with poor selection overall and an underweight to biotechnology stocks. A slight overweight in energy also detracted. The headwinds were slightly mitigated by a beneficial underweight to real estate and strong selection in information technology. Selection within the financial sector also contributed.

Stylistically, manager performance was mixed. AQR was the leading detractor from performance due to poor selection in information technology. CastleArk also detracted due to poor selection in healthcare. AllianceBerstein contributed to performance thanks to selection within, and an overweight to, information-technology stocks. Security selection within software was a benefit. The SIMC factor-based strategy followed, boosted by a slight underweight to, and strong security selection within, real estate. The strategy also had positive selection in energy and consumer staples.

AVERAGE ANNUAL TOTAL RETURN¹



	1 Year Return		Annualized 3 Year Return		Annualized 5 Year Return		Annualized 10 Year Return		Annualized Inception to Date

Tax-Managed Small/Mid Cap Fund, Class F^‡		16.91%		8.48%		12.39%		6.18%		6.99%

Tax-Managed Small/Mid Cap Fund, Class Y		17.14%		8.69%		12.52%		6.25%		7.02%

Russell 2500^® Index		17.79%		10.60%		13.86%		8.19%		8.77%


22		SEI Institutional Managed Trust / Annual Report / September 30, 2017

Comparison of Change in the Value of a $100,000 Investment in the Tax-Managed Small/Mid Cap Fund, Class F and Class Y, versus the Russell 2500^® Index

LOGO

For the year ended 9/30/17. Past performance is no indication of future performance. Class F shares were offered beginning 10/31/00. Class Y shares were offered beginning 12/31/14. Class Y shares performance for the period prior to 12/31/14 is derived from the performance of Class F shares adjusted for the lower expenses of Class Y shares. Class Y shares performance for the period prior to 10/30/15 is derived from the performance of Class F shares adjusted for the lower expenses of Class Y shares. Returns for Class Y shares are substantially similar to those of Class F shares and differ only to the extent that Class Y shares have lower total annual fund operating expenses than Class F shares. Returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The returns for the period reflect fee waivers and/or reimbursements in effect for the period; absent fee waivers and reimbursements, performance would have been lower.

^‡	See Note 1 in Notes to Financial Statements.


SEI Institutional Managed Trust / Annual Report / September 30, 2017			23

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FUND PERFORMANCE

September 30, 2017 (Unaudited)

Mid-Cap Fund

I. Objective

The Mid-Cap Fund (the “Fund”) seeks to provide long-term capital appreciation.

II. Investment Approach

The Fund used a single sub-adviser, Quantitative Management Associates LLC (“QMA”) under the general supervision of SEI Investments Management Corporation (“SIMC”) during the year ended September 30, 2017. No manager changes were made during the Fund’s fiscal year.

III. Returns

For the year ended September 30, 2017, the Mid-Cap Fund, Class F, returned 17.52%. The Fund’s benchmark — the Russell Midcap^® Index — returned 15.32%.

IV. Performance Discussion

Technology, financials and industrials were the best-performing sectors for the fiscal year overall. Energy

was negative over the fiscal year, as U.S. shale refiners stepped up production and Organization of Petroleum Exporting Country supply cuts failed to effectively stem the glut for a time. Oil prices suffered especially hard during the summer months before partially recovering.

The Fund outperformed its benchmark during the fiscal year. Performance for QMA, the Fund’s only sub-adviser, came mostly from stock selection within the industrial sector—specifically in aerospace & defense and airlines. QMA also benefited from a large underweight in real estate, along with security selection among REITs. The only sector that detracted from the manager’s excess performance was utilities, mostly due to selection.


AVERAGE ANNUAL TOTAL RETURN¹


		Annualized	Annualized	Annualized	Annualized
	1 Year	3 Year	5 Year	10 Year	Inception
	Return	Return	Return	Return	to Date

Mid-Cap Fund, Class F‡	17.52%	10.52%	14.87%	7.11%	10.25%

Mid-Cap Fund, Class I	17.32%	10.28%	14.61%	6.87%	9.95%

Mid-Cap Fund, Class Y	17.84%	10.70%	14.98%	7.17%	10.27%

Russell Midcap^® Index	15.32%	9.54%	14.26%	8.08%	11.14%

Comparison of Change in the Value of a $100,000 Investment in the Mid-Cap Fund, Class F, Class I, and Class Y, versus the Russell Midcap^® Index

LOGO

For the year ended 09/30/17. Past performance is not indication of future performance. Class F shares were offered beginning 2/16/93 and Class I shares were offered beginning 10/01/07. Class I shares performance for the period prior to 10/01/07 is derived from the performance of Class F shares adjusted for the higher expenses of the Class I Shares. Class Y shares were offered beginning 10/30/15. Class Y shares performance for the period prior to 10/30/15 is derived from the performance of Class F shares adjusted for the lower expenses of the Class Y shares. Returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The returns for the period reflect fee waivers and/or reimbursements in effect for the period; absent fee waivers and reimbursements, performance would have been lower.

^‡	See Note 1 in Notes to Financial Statements.


24		SEI Institutional Managed Trust / Annual Report / September 30, 2017

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FUND PERFORMANCE

September 30, 2017 (Unaudited)

U.S. Managed Volatility Fund

I. Objective

The U.S. Managed Volatility Fund (the “Fund”) seeks to provide capital appreciation with less volatility than the broad U.S. equity markets.

II. Investment Approach

The Fund uses a multi-manager approach, relying on a number of sub-advisers with differing investment approaches to manage portions of the Fund’s portfolio under the general supervision of SEI Investments Management Corp. (“SIMC”). The Fund utilized the following sub-advisers during the year ended September 30, 2017: AJO, LLC, Analytic Investors, LLC, and LSV Asset Management. No manager changes were made during the Fund’s fiscal year.

III. Returns

For the year ended September 30, 2017, the U.S. Managed Volatility Fund, Class F, returned 11.85%. The Fund’s benchmark—the Russell 3000^® Index—returned 18.71%.

IV. Performance Discussion

For the year ended September 30, 2017, the Fund delivered strong absolute returns in what was generally a good environment for equity investing. Supportive macroeconomic data, strong corporate earnings, investor optimism, “Trumpflation” and interest-rate hikes all contributed to the equity-market rally, as noted in the shareholder letter. Given such market dynamics, cyclical sectors, namely financials, industrials, information technology and materials outperformed their more defensive peers, such as consumer staples, telecommunications, utilities and healthcare. The latter category was particularly vulnerable to the Federal Reserve’s interest-rate hikes and higher bond yields.

Generally, the Fund is likely to underperform in a steeply-rising market environment but seeks to mitigate losses in a falling market environment by targeting a lower volatility compared to the broad market. In times of stress, the Fund’s relatively lower volatility and defensiveness compare to the market have historically translated into better relative performance for the Fund. Hence, as compared to the broad market, the Fund faced strong headwinds, as high-risk equities rallied in the face of an improving economy. Rising long-term government bond yields created further difficulties for classic defensives, while at the same time propelling volatile financials. The focus on low-risk names and defensive sectors almost entirely explained the Fund’s

relative performance for the fiscal period. From a sector standpoint, an underweight to cheap and volatile sectors, like materials and financials, at the expense of expensive low-beta sectors, such as consumer staples, was a key detractor over the period. On the positive side, the Fund’s preference for value, even within the low-volatility space, mitigated some of the negatives of targeting low risk.

All three managers underperformed due to their strategic focus on risk reduction. AJO was more resilient as its overweight to low-beta names was less prominent than those of Analytic and LSV, which target much lower volatility segments of the market. This was a key performance differential as the lowest volatility segments of the market performed the worst.

AVERAGE ANNUAL TOTAL RETURN¹




	1 Year Return		Annualized 3 Year Return		Annualized 5 Year Return		Annualized 10 Year Return		Annualized Inception to Date

U.S. Managed Volatility Fund, Class F^‡		11.85%		9.44%		12.99%		7.81%		9.00%

U.S. Managed Volatility Fund, Class I		11.58%		9.20%		12.72%		7.55%		8.69%

U.S. Managed Volatility Fund, Class Y		12.13%		9.68%		13.14%		7.88%		9.06%

Russell 3000^® Index		18.71%		10.74%		14.23%		7.57%		8.89%


SEI Institutional Managed Trust / Annual Report / September 30, 2017		25

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FUND PERFORMANCE

September 30, 2017 (Unaudited)

U.S. Managed Volatility Fund (Concluded)

Comparison of Change in the Value of a $100,000 Investment in the U.S. Managed Volatility Fund, Class F, Class I, and Class Y, versus the Russell 3000^® Index

LOGO

For the year ended 9/30/17. Past performance is no indication of future performance. Class F shares were offered beginning 10/28/04 and Class I shares were offered beginning 6/29/07. Class I shares performance for the period prior to 06/29/07 is derived from the performance of Class F shares adjusted for the higher expenses of the Class I shares. Class Y shares were offered beginning 12/31/14. Class Y shares performance for the period prior to 12/31/14 is derived from the performance of Class F shares adjusted for the lower expenses of the Class Y shares. Returns for Class Y shares are substantially similar to those of Class F shares and differ only to the extent that Class Y shares have lower total annual fund operating expenses than Class F shares. Returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The returns for the period reflect fee waivers and/or reimbursements in effect for the period; absent fee waivers and reimbursements, performance would have been lower.

^‡	See Note 1 in Notes to Financial Statements.


26		SEI Institutional Managed Trust / Annual Report / September 30, 2017

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FUND PERFORMANCE

September 30, 2017 (Unaudited)

Global Managed Volatility Fund

I. Objective

The Global Managed Volatility Fund (the “Fund”) seeks to provide capital appreciation with less volatility than the broad global equity markets.

II. Investment Approach

The Fund uses a multi-manager approach, relying on a number of sub-advisers with differing investment philosophies to manage portions of the Fund’s portfolio under the general supervision of SEI Investments Management Corp. (“SIMC”). The Fund utilized the following sub-advisers during the year ended September 30, 2017: Acadian Asset Management LLC and Analytic Investors, LLC. No manager changes were made during the Fund’s fiscal year.

III. Returns

For the year ended September 30, 2017, the Global Managed Volatility Fund, Class F, returned 11.16%. The Fund’s benchmark—the MSCI World Index—returned 18.17%.

IV. Performance Discussion

For the year ended September 30, 2017, the Fund delivered strong absolute returns in what was generally a good environment for equity investing. Supportive macroeconomic data, strong corporate earnings, investor optimism, “Trumpflation” and interest rate hikes, all contributed to the equity-market rally, as noted in the shareholder letter. Given such market dynamics, cyclical sectors—namely financials, industrials, information technology and materials—outperformed their more defensive peers, such as consumer staples, telecommunications, utilities and healthcare. The latter category was particularly vulnerable to the Federal Reserve’s interest-rate hikes and higher bond yields.

Over the long term, the Fund is expected to achieve a return similar to that of the MSCI World Index, but with a lower level of volatility. However, given that the Fund’s investment strategy focuses on absolute return and risk, the Fund’s country, sector and market capitalization exposures will typically vary from the index and may cause significant performance deviations relative to the index over shorter-term periods. In times of stress, low volatility and defensiveness have historically translated into better performance. However, the Fund is likely to underperform in a steeply-rising market environment. Hence, during the fiscal year, the Fund faced strong headwinds, as high-risk equities rallied in the face of an improving economy. Rising long-term government-

bond yields created further difficulties for classic defensive sectors, while at the same time propelling volatile financials. The focus on low-risk names and defensive sectors almost entirely explained the Fund’s relative performance for the fiscal period. From a sector standpoint, an underweight to cheap and volatile sectors, like materials and financials, at the expense of expensive low-beta sectors, such as consumer staples, was a key detractor over the period.

Both managers underperformed due to their strategic focus on risk reduction. Acadian was slightly more resilient as their overweights to low-beta names were less prominent than those of Analytic, which targeted the lowest-volatility segment of the market. As a result, Acadian’s underweight to the financials sector was less pronounced than that of Analytic, which explained the performance difference to some extent.

During the fiscal year, the Fund used currency forwards to hedge currency risk. The Fund had exposures to Canada and Australia, whose currencies appreciated against the U.S. dollar. Thus, hedging back to the U.S. dollar from local currency helped the Fund meet its objective of reduced volatility.

AVERAGE ANNUAL TOTAL RETURN¹


	1 Year Return		Annualized 3 Year Return		Annualized 5 Year Return		Annualized 10 Year Return		Annualized Inception to Date

Global Managed Volatility Fund, Class F^‡		11.16%		9.99%		11.79%		4.69%		5.41%

Global Managed Volatility Fund, Class I		10.80%		9.69%		11.53%		4.42%		5.11%

Global Managed Volatility Fund, Class Y		11.32%		10.25%		11.95%		4.76%		5.47%

MSCI World Index		18.17%		7.69%		10.99%		4.22%		6.00%


SEI Institutional Managed Trust / Annual Report / September 30, 2017		27

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FUND PERFORMANCE

September 30, 2017 (Unaudited)

Global Managed Volatility Fund (Concluded)

Comparison of Change in the Value of a $100,000 Investment in the Global Managed Volatility Fund, Class F, Class I, and Class Y, versus the MSCI World Index

LOGO

For the year ended 9/30/17. Past performance is no indication of future performance. Class F shares were offered beginning 7/27/06 and Class I shares were offered beginning 6/29/07. Class I shares performance for the period prior to 06/29/07 is derived from the performance of Class F shares adjusted for the higher expenses of the Class I shares. Class Y shares were offered beginning 12/31/14. Class Y shares performance for the period prior to 12/31/14 is derived from the performance of Class F shares adjusted for the lower expenses of the Class Y shares. Returns for Class Y shares are substantially similar to those of Class F shares and differ only to the extent that Class Y shares have lower total annual fund operating expenses than Class F shares. Returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The returns for the period reflect fee waivers and/or reimbursements in effect for the period; absent fee waivers and reimbursements, performance would have been lower.

^‡	See Note 1 in Notes to Financial Statements.


28		SEI Institutional Managed Trust / Annual Report / September 30, 2017

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FUND PERFORMANCE

September 30, 2017 (Unaudited)

Tax-Managed Managed Volatility Fund

I. Objective

The Tax-Managed Managed Volatility Fund (the “Fund”) seeks to maximize after-tax returns, but with a lower level of volatility than the broad U.S. equity markets.

II. Investment Approach

The Fund uses a multi-manager approach, relying on a number of sub-advisers with differing investment approaches to manage portions of the Fund’s portfolio under the general supervision of SEI Investments Management Corp. (“SIMC”). The Fund utilized the following sub-advisers during the year ended September 30, 2017: AJO, L.P., Analytic Investors LLC, LSV Asset Management, and Parametric Portfolio Associates LLC. No manager changes were made during the Fund’s fiscal year.

III. Returns

For the year ended September 30, 2017, the Tax-Managed Managed Volatility Fund, Class F, returned 12.84%. The Fund’s benchmark — the Russell 3000^® Index — returned 18.71%.

IV. Performance Discussion

Generally, the Fund is likely to underperform in a steeply-rising market environment but seeks to mitigate losses in a falling market environment by targeting a lower volatility compared to the broad market. In times of stress, the Fund’s relatively lower volatility and defensiveness compared to the market have historically translated into better relative performance for the Fund. Hence, as compared to the broad market, the Fund faced strong headwinds, as high-risk equities rallied in the face of an improving economy. Rising long-term government bond yields created further difficulties for classic defensives, while at the same time propelling volatile financials. The focus on low-risk names and

defensive sectors almost entirely explained the Fund’s relative performance for the fiscal period. From a sector standpoint, an underweight to cheap and volatile sectors, like materials and financials, at the expense of expensive low-beta sectors, such as consumer staples, was a key detractor over the period. On the positive side, the Fund’s preference for value, even within the low-volatility space, mitigated some of the negatives of targeting low risk.

Analytic and LSV underperformed, as expected, due to their strategic focus on risk reduction. AJO marginally outperformed the broad market as their overweights to low-beta names were less prominent than those of Analytic and LSV, which target much lower-volatility segments of the market. This was a key performance differential as the lowest-volatility segments of the market performed the worst. In addition, they benefited from some value effects in a period when value worked as an alpha source.

AVERAGE ANNUAL TOTAL RETURN¹


	1 Year Return		Annualized 3 Year Return		Annualized 5 Year Return		Annualized Inception to Date

Tax-Managed Managed Volatility Fund, Class F‡		12.84%		10.29%		13.22%		9.02%

Tax-Managed Managed Volatility Fund, Class Y		13.12%		10.49%		13.35%		9.08%

Russell 3000^® Index		18.71%		10.74%		14.23%		8.18%

Comparison of Change in the Value of a $100,000 Investment in the Tax-Managed Managed Volatility Fund, Class F and Class Y, versus the Russell 3000^® Index.

LOGO

For the year ended 9/30/17. Past performance is not an indication of future performance. Class F shares were offered beginning 12/20/07 and Class Y shares were offered beginning 4/30/15. Class Y shares performance for the period prior to 4/30/15 is derived from the performance of Class F shares adjusted for the lower expenses of Class Y shares. Returns for Class Y shares


SEI Institutional Managed Trust / Annual Report / September 30, 2017		29

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FUND PERFORMANCE

September 30, 2017 (Unaudited)

Tax-Managed Managed Volatility Fund (Concluded)

are substantially similar to those of Class F shares and differ only to the extent that Class Y shares have lower total annual fund operating expenses than Class F shares. Returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The returns for certain periods reflect fee waivers and/or reimbursements in effect for that period; absent fee waivers and/or reimbursements, performance would have been lower.

^‡

See Note 1 in Notes to Financial Statements.


30		SEI Institutional Managed Trust / Annual Report / September 30, 2017

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FUND PERFORMANCE

September 30, 2017 (Unaudited)

Tax-Managed International Managed Volatility Fund

I. Objective

The Tax-Managed International Managed Volatility Fund (the “Fund”) seeks tax-sensitive long-term capital appreciation with a lower level of volatility than the broad U.S. equity markets.

II. Investment Approach

The Fund uses a multi-manager approach, relying on a number of sub-advisers with differing investment approaches to manage portions of the Fund’s portfolio under the general supervision of SEI Investments Management Corp. (“SIMC”). The Fund utilized the following sub-advisers during the period ended September 30, 2017: Acadian Asset Management, Analytic Investors, LSV Asset Management, and Parametric Portfolio Associates LLC. No manager changes were made during the Fund’s fiscal period.

III. Returns

For the period from October 17, 2016 (the Fund’s inception date) through September 30, 2017, the Tax-Managed Managed Volatility Fund, Class F, returned 15.65%. The Fund’s benchmark — the MSCI EAFE Index — returned 22.29%.

IV. Performance Discussion

For the period ended September 30, 2017, the Fund delivered strong absolute returns in what was generally a good environment for equity investing. Supportive macroeconomic data, strong corporate earnings, investor optimism, “Trumpflation” and interest-rate hikes all contributed to the equity-market rally, as noted in the shareholder letter. Given such market dynamics, cyclical sectors, namely financials, industrials, information technology and materials outperformed their more defensive peers, such as consumer staples, telecommunications, utilities and healthcare. The latter category was particularly vulnerable to the Federal Reserve’s interest-rate hikes and higher bond yields.

Generally, the Fund is likely to underperform in a steeply-rising market environment but seeks to mitigate losses in a falling market environment by targeting a lower volatility compared to the broad market. In times of stress, the Fund’s relatively lower volatility and defensiveness compared to the market have historically translated into better relative performance for the Fund. Hence, as compared to the broad market, the Fund faced strong headwinds, as high-risk equities rallied in the face of an improving economy. Rising long-term government bond yields created further difficulties for

classic defensives, while at the same time propelling volatile financials. The focus on low-risk names and defensive sectors almost entirely explained the Fund’s relative performance for the fiscal period. From a sector standpoint, an underweight to cheap and volatile sectors, like materials and financials, at the expense of expensive low-beta sectors, such as consumer staples, was a key detractor over the period. On the positive side, the Fund’s preference for value, even within the low-volatility space, mitigated some of the negatives of targeting low risk.

All three managers underperformed due to their strategic focus on risk reduction. LSV was slightly more resilient than the other two managers, given the value effects in its process in a period when value outperformed as an alpha source. Analytic performed the worst as its overweights to low-beta names were more prominent than those of Acadian and LSV. This was a key detractor for Analytic as the lowest-volatility segments of the market performed the worst. Similarly, sectors like financials and information technology, where Analytic exhibited stronger underweights than the other two managers, performed the best.

AVERAGE ANNUAL TOTAL RETURN¹


	Cumulative Inception to Date

Tax-Managed International Managed Volatility Fund, Class F‡		15.65%

Tax-Managed International Managed Volatility Fund, Class Y		15.90%

MSCI EAFE Index		22.29%

Comparison of Change in the Value of a $100,000 Investment in the Tax-Managed International Managed Volatility Fund, Class F and Class Y, versus the MSCI EAFE Index.


SEI Institutional Managed Trust / Annual Report / September 30, 2017		31

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FUND PERFORMANCE

September 30, 2017 (Unaudited)

Tax-Managed International Managed Volatility Fund (Concluded)

LOGO

For the period ended 9/30/17. Past performance is not an indication of future performance. Class F shares and Class Y shares were offered beginning 10/17/16. Returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The returns for certain periods reflect fee waivers and/or reimbursements in effect for that period; absent fee waivers and/or reimbursements, performance would have been lower.

^‡

See Note 1 in Notes to Financial Statements.


32		SEI Institutional Managed Trust / Annual Report / September 30, 2017

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FUND PERFORMANCE

September 30, 2017 (Unaudited)

Real Estate Fund

I. Objective

The Real Estate Fund (the “Fund”) seeks to provide total return including current income and capital appreciation.

II. Investment Approach

III. Returns

For the year ended September 30, 2017, the Real Estate Fund, Class F, returned -0.57%. The Fund’s benchmark — Wilshire U.S. Real Estate Securities Index — returned 0.80%.

IV. Performance Discussion

The U.S. equity market began the fiscal year with investors focused on the presidential election. The Trump victory was followed closely by a sharp market rally on expectations for deregulation, infrastructure spending and a corporate-tax cut. As noted in the shareholder letter, value stocks in general, and the financial sector, in particular, rose significantly after the election, while market participants gained conviction that the economy would stay on track and that the upward path of short-term interest rates would continue.

High-dividend-yield segments of the market like utilities and real estate investment trusts (“REITs”) lagged as they were seen as less attractive in a rising interest-rate environment. The Federal Reserve (the “Fed”) raised its benchmark rate three times during the fiscal period. It’s possible the Fed will maintain this trajectory with multiple rate hikes per year moving forward. This could continue to put pressure on these high-yield sectors of the market as comparable-yielding assets become more attractive.

The Fund underperformed during the period, hurt by selection within REITs. Security Capital struggled in this area the most, which detracted from performance, while Center Square contributed, due mostly to holdings within the hotels, restaurants & leisure sector.

AVERAGE ANNUAL TOTAL RETURN¹


	1 Year Return		Annualized 3 Year Return		Annualized 5 Year Return		Annualized 10 Year Return		Annualized Inception to Date

Real Estate Fund, Class F^‡		-0.57%		9.08%		8.80%		4.28%		8.95%

Real Estate Fund, Class I		-0.80%		8.83%		8.55%		4.05%		8.70%

Real Estate Fund, Class Y		-0.37%		9.31%		8.94%		4.35%		9.00%

Wilshire U.S. Real Estate Securities Index		0.80%		10.17%		9.86%		5.62%		9.58%

Comparison of Change in the Value of a $100,000 Investment in the Real Estate Fund, Class F, Class I and Class Y, versus the Wilshire U.S. Real Estate Securities Index.

LOGO

For the year ended 9/30/17. Past performance is not an indication of future performance. Class F shares were offered beginning 11/13/03 and Class I shares were offered beginning 10/01/07. Class I shares performance for the period prior to 10/01/07 is derived from the performance of Class F shares adjusted for the higher expenses of Class I shares. Class Y shares were offered beginning 12/31/14. Class Y shares performance for the period prior to 12/31/14 is derived from the performance of Class F shares adjusted for the lower expenses of Class Y shares. Returns for Class Y shares are substantially similar to those of Class F shares and differ only to the extent that Class Y shares have lower total annual fund operating expenses than Class F shares. Returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The returns for certain periods reflect fee waivers and/or reimbursements in effect for that period; absent fee waivers and/or reimbursements, performance would have been lower.

^‡

See Note 1 in Notes to Financial Statements.


SEI Institutional Managed Trust / Annual Report / September 30, 2017		33

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FUND PERFORMANCE

September 30, 2017 (Unaudited)

Enhanced Income Fund

I. Objective

The Enhanced Income Fund (the “Fund”) seeks to provide capital appreciation and income.

II. Investment Approach

The Fund uses a multi-manager approach, relying on a number of sub-advisers with differing investment approaches to manage portions of the Fund’s portfolio, under the general supervision of SEI Investments Management Corp (“SIMC”). The Fund utilized the following sub-advisers during the year ended September 30, 2017: Ares Management LLC and Wellington Management Company, LLP. No manager changes were made during the Fund’s fiscal year.

III. Returns

For the year ended September 30, 2017, the Enhanced Income Fund, Class F, returned 3.60%. The Fund’s benchmark—BofA Merrill Lynch 3-Month LIBOR Constant Maturity Index—returned 1.03%.

IV. Performance Discussion

The Fund benefited from the continued spread tightening in both the bank-loan market as well as the investment-grade short-duration space. Bank loans were the biggest contributor to both absolute and benchmark-relative return in the period. The risk-on sentiment that drove equity returns was evident in the fixed-income market, as credit outperformed government bonds, as addressed in the shareholder letter. Loans benefitted from the recovery in credit. Short-duration bonds in the financial sector, especially banks and insurance companies, were also a big contributor to performance. Financial sector returns were enhanced by both rising yields and the prospects for a comprehensive review of the most onerous regulatory reforms by the Trump administration. Holdings in the securitized space also contributed to performance, specifically higher-quality auto asset-backed securities (“ABS”) and collateralized-loan obligations. There was no material detractors to performance during the fiscal year.

From a sub-adviser perspective, Wellington Management Company, LLP, which manages the Fund’s exposure to ABS and financial-sector bonds, contributed to both absolute and relative performance. Ares Management LLC, which manages the Fund’s bank-loan allocation, also contributed to absolute and benchmark-relative performance.

AVERAGE ANNUAL TOTAL RETURN¹



	1 Year Return		Annualized 3 Year Return		Annualized 5 Year Return		Annualized 10 Year Return		Annualized Inception to Date

Enhanced Income Fund, Class F^‡		3.60%		2.08%		2.09%		-0.04%		0.32%

Enhanced Income Fund, Class I		3.33%		1.81%		1.81%		-0.31%		0.01%

Enhanced Income Fund, Class Y		3.76%		2.16%		2.14%		-0.02%		0.34%

BofA Merrill Lynch 3-Month LIBOR Constant Maturity Index		1.03%		0.59%		0.46%		0.95%		1.43%

Comparison of Change in the Value of a $100,000 Investment in the Enhanced Income Fund, Class F, Class I, and Class Y, versus the BofA Merrill Lynch 3-Month LIBOR Constant Maturity Index

LOGO

For the year ended 9/30/17. Past performance is no indication of future performance. Class F shares were offered beginning 6/14/96 and Class I shares were offered beginning 6/29/07. Class I shares performance for the period prior to 06/29/07 is derived from the performance of Class F shares adjusted for the higher expenses of the Class I shares. Class Y shares were offered beginning 12/31/14. Class Y shares performance for the period prior to 12/31/14 is derived from the performance of Class F shares adjusted for the lower expenses of the Class Y shares. Returns for Class Y shares are substantially similar to those of Class F shares and differ only to the extent that Class Y shares have lower total annual fund operating expenses than Class F shares. Returns for Class Y shares are substantially similar to those of Class F shares and differ only to the extent that Class Y shares have lower total annual fund operating expenses than Class F shares. Returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The returns for the period reflect fee waivers and/or reimbursements in effect for the period; absent fee waivers and reimbursements, performance would have been lower.

^‡

See Note 1 in Notes to Financial Statements.


34		SEI Institutional Managed Trust / Annual Report / September 30, 2017

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FUND PERFORMANCE

September 30, 2017 (Unaudited)

Core Fixed Income Fund

I. Objective

The Core Fixed Income Fund (the” Fund”) seeks to provide current income consistent with the preservation of capital.

II. Investment Approach

The Fund uses a multi-manager approach, relying on a number of sub-advisers with differing investment approaches to manage portions of the Fund’s portfolio, under the general supervision of SEI Investments Management Corporation (“SIMC”). The Fund utilized the following sub-advisers during the year ended September 30, 2017: Jennison Associates LLC, Metropolitan West Asset Management LLC, Wells Capital Management Incorporated, Western Asset Management Company and Western Asset Management Company Limited. There were no manager changes during the year.

III. Returns

For the year ended September 30, 2017, the Core Fixed Income Fund, Class F, returned 1.02%, while the Fund’s benchmark — the Bloomberg Barclays U.S. Aggregate Bond Index — returned 0.07%.

IV. Performance Discussion

U.S. Treasury yields rose across the entirety of the yield curve, increasing from their post-Brexit record lows as the Federal Reserve (the “Fed”) raised rates three times during the fiscal year. As the shareholder letter addressed, short-term yields increased in a greater magnitude than long-term yields due to the Fed’s benchmark rate increases, while long-term yield increases were muted due to contained inflation expectations. The Fund’s yield-curve flattening bias was additive, as an overweight to 30-year bonds enhanced returns. A slightly shorter-duration posture was a modest positive as yields rose.

The Fund maintained a small allocation to below-investment-grade credit and emerging-market sovereign bonds, which added to returns as these two markets benefited from the demand for yield and increasing oil prices. Despite record new issuance, investment-grade corporate bonds outperformed comparable U.S. Treasury bonds, and the Fund’s overweight was additive. The Fund maintained an allocation to non-agency mortgage-backed securities (“MBS”), which benefited from the recovery of the housing market over the last several years, mortgage principal pay downs, and a shrinking supply of these securities. The Fund’s overweight to commercial MBS was positive, as the

demand for, and fundamentals of, commercial properties improved in line with modest U.S. economic growth, leading to outperformance. Lastly, the Fund’s overweight to asset-backed securities (“ABS”) contributed to performance as the historically strong labor market, which was referenced in the shareholder letter, improved the debt profile of the U.S. consumer and enabled these securities to outperform. Agency MBS was the only spread sector to underperform, and while the Fund was underweight, security selection offset the benefit of being underweight an underperforming sector.

Over the full fiscal period, all four sub-advisers outperformed the benchmark, with Western Asset Management Company producing the best returns through its yield-curve flattening posture and corporate overweight. Wells Capital Management, Inc. benefited from security selection in both ABS and MBS. Metropolitan West Asset Management LLC’s returns benefited from its allocation to non-agency mortgages and slightly shorter-duration posture. Jennison Associates LLC also outperformed, primarily due to its yield-curve flattening posture, while a more conservative corporate allocation held back relative performance.

Treasury futures and interest-rate swaps were utilized to help manage the Fund’s duration and yield-curve exposure. These exposures performed as described earlier. To a limited extent, the Fund utilized currency-forward contracts to manage currency exposure, which was a modest detractor.

AVERAGE ANNUAL TOTAL RETURN¹


	1 Year Return		Annualized 3 Year Return		Annualized 5 Year Return		Annualized 10 Year Return		Annualized Inception to Date

Core Fixed Income Fund, Class F^‡		1.02%		2.99%		2.58%		4.94%		6.23%

Core Fixed Income Fund, Class I		0.80%		2.76%		2.36%		4.70%		5.84%

Core Fixed Income Fund, Class Y		1.27%		3.18%		2.70%		5.00%		6.25%

Bloomberg Barclays U.S. Aggregate Bond Index		0.07%		2.71%		2.06%		4.27%		6.39%


SEI Institutional Managed Trust / Annual Report / September 30, 2017		35

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FUND PERFORMANCE

September 30, 2017 (Unaudited)

Core Fixed Income Fund (Concluded)

Comparison of Change in the Value of a $100,000 Investment in the Core Fixed Income Fund, Class F, Class I and Class Y, versus the Bloomberg Barclays U.S. Aggregate Bond Index

LOGO

For the year ended 9/30/17. Past performance is no indication of future performance. Class F shares were offered beginning 5/1/87 and Class I shares were offered beginning 8/06/01. Class I shares performance for the period prior to 06/29/07 is derived from the performance of Class F shares adjusted for the higher expenses of the Class I shares. Class Y shares were offered beginning 06/30/15. Class Y shares performance for the period prior to 06/30/15 is derived from the performance of Class F shares adjusted for the lower expenses of the Class Y shares. Returns for Class Y shares are substantially similar to those of Class F shares and differ only to the extent that Class Y shares have lower total annual fund operating expenses than Class F shares. Returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The returns for the period reflect fee waivers and/or reimbursements in effect for the period; absent fee waivers and reimbursements, performance would have been lower.

^‡

See Note 1 in Notes to Financial Statements.


36		SEI Institutional Managed Trust / Annual Report / September 30, 2017

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FUND PERFORMANCE

September 30, 2017 (Unaudited)

U.S. Fixed Income Fund

I. Objective

The U.S. Fixed Income Fund (the “Fund”) seeks to provide current income consistent with the preservation of capital.

II. Investment Approach

The Fund uses a multi-manager approach, relying on a number of sub-advisers with differing investment approaches to manage portions of the Fund’s portfolio, under the general supervision of SEI Investments Management Corporation (“SIMC”). The Fund utilized the following sub-advisers during the year ended September 30, 2017: Jennison Associates LLC, Metropolitan West Asset Management LLC, Wells Capital Management Incorporated, Western Asset Management Company, and Western Asset Management Company Limited. No manager changes were made during the Fund’s fiscal year.

III. Returns

For the year ended September 30, 2017, the U.S. Fixed Income Fund, Class F, returned -0.11%, while the Fund’s benchmark—the Bloomberg Barclays U.S. Aggregate Bond Index—returned 0.07%.

IV. Performance Discussion

U.S. Treasury yields rose across the entirety of the yield curve, increasing from their post-Brexit record lows as the Federal Reserve (“Fed”) raised rates three times during the fiscal year. As the shareholder letter addressed, short-term yields increased in a greater magnitude than long-term yields due to the Fed’s benchmark rate increases, while long-term increases were muted due to contained inflation expectations. The Fund’s yield-curve flattening bias was additive, as an overweight to 30-year bonds enhanced returns. A slightly shorter-duration posture was a modest positive as yields rose.

Despite record new issuance, investment-grade corporate bonds outperformed comparable U.S. Treasury bonds and the Fund’s overweight was additive. The Fund maintained an allocation to non-agency mortgage-backed securities (“MBS”), which benefited from the recovery of the housing market over the last several years, mortgage principal pay downs and a shrinking supply of these securities. The Fund’s overweight to commercial MBS was positive as the demand for, and fundamentals of, commercial properties improved in line with modest U.S. economic growth, leading to outperformance. Lastly, the Fund’s overweight

to asset-backed securities (“ABS”) contributed to performance as the historically strong labor market, which the shareholder letter addressed, improved the debt profile of the U.S. consumer and enabled these securities to outperform. Agency MBS was the only spread sector to underperform, and while the Fund was underweight, security selection offset the benefit of being underweight an underperforming sector.

Metropolitan West Asset Management LLC’s returns benefited from its allocation to non-agency mortgages and slightly shorter-duration posture. Jennison Associates LLC also outperformed, primarily due to its yield-curve flattening posture, while a more conservative corporate allocation held back relative performance. Treasury futures and interest-rate swaps were utilized to help manage the Fund’s duration and yield-curve exposure. These exposures performed as described earlier.

AVERAGE ANNUAL TOTAL RETURN¹


	1 Year Return		Annualized 3 Year Return		Annualized 5 Year Return		Annualized Inception to Date

U.S. Fixed Income Fund, Class F^‡		-0.11%		2.48%		1.93%		4.16%

U.S. Fixed Income Fund, Class Y		0.14%		2.70%		2.06%		4.25%

Bloomberg Barclays U.S. Aggregate Bond Index		0.07%		2.71%		2.06%		3.90%


SEI Institutional Managed Trust / Annual Report / September 30, 2017		37

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FUND PERFORMANCE

September 30, 2017 (Unaudited)

U.S. Fixed Income Fund (Concluded)

Comparison of Change in the Value of a $100,000 Investment in the U.S. Fixed Income Fund, Class F and Class Y, versus the Bloomberg Barclays U.S. Aggregate Bond Index.

LOGO

For the year ended 9/30/16. Past performance is not an indication of future performance. Class F shares were offered beginning 7/2/09 and Class Y shares were offered beginning 12/31/14. Class Y shares performance for the period prior to 12/31/14 is derived from the performance of Class F shares adjusted for the lower expenses of Class Y shares. Returns for Class Y shares are substantially similar to those of Class F shares and differ only to the extent that Class Y shares have lower total annual fund operating expenses than Class F shares. Returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The returns for certain periods reflect fee waivers and/or reimbursements in effect for that period; absent fee waivers and/or reimbursements, performance would have been lower.

^‡

See Note 1 in Notes to Financial Statements.


38		SEI Institutional Managed Trust / Annual Report / September 30, 2017

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FUND PERFORMANCE

September 30, 2017 (Unaudited)

High Yield Bond Fund

I. Objective

The High Yield Bond Fund (the “Fund”) seeks total return.

II. Investment Approach

The Fund uses a multi-manager approach, relying on a number of sub-advisers with differing investment approaches to manage portions of the Fund’s portfolio, under the general supervision of SEI Investments Management Corporation (“SIMC”). Assets of the Fund not allocated to sub-advisers are managed directly by SIMC. The Fund utilized the following sub-advisers during the year ended September 30, 2017: Ares Management LLC, Benefit Street Partners, LLC, Brigade Capital Management, LLC, and J.P. Morgan Investment Management, Inc. No manager changes were made during the Fund’s fiscal year.

III. Returns

For the year ended September 30, 2017, the High Yield Bond Fund, Class F, returned 9.75%. The Fund’s benchmark — the BofA Merrill Lynch U.S. High Yield Constrained Index — returned 9.05%.

IV. Performance Discussion

The momentum seen in the high-yield market prior to the fiscal year carried into the reporting period, as the high-yield market finished up more than 9% for the period, as noted in the shareholder letter, with positive returns in 9 of 12 months. Healthy corporate fundamentals and a favorable technical environment were supportive of the high-yield market. All the primary sectors were positive for the period, with transportation the top-performing sector, up over 17%. The energy sector—the largest of the high-yield market—has been a primary focus over the past few years and returned just under 12% for the fiscal year. The market yield began the period at 6.25%, hit a period high of 6.86% on November 14, and finished the period at 5.48%. The market spread followed a similar path, beginning the period at 497 basis points, reaching its period high of 520 basis points on November 4, and finished the period at 356 basis points.

An overweight to collateralized-loan obligations (“CLO”) was beneficial as CLOs outperformed the high-yield bond market over the period driven by healthy corporate fundamentals and a favorable technical environment that pushed prices higher. CLO equity positions continued to generate strong quarterly cash flows as a result of a benign default environment, while CLO debt positions benefited from spread tightening across the entire

capital structure. CLOs saw significant markdowns in early 2016 but recovered those losses leading into and during the fiscal year.

An overweight to structured credit was beneficial, as higher loan prices and low defaults led to strong CLO performance over the fiscal period. Security selection within healthcare (primarily health facilities) and telecommunications (primarily wireless) was mitigated only somewhat by poor selection within retail and underweights to, and selection within, energy (primarily exploration & production) and transportation.

Brigade had the Fund’s best relative performance, as overweights and security selection in retail and media benefited, as did selection within healthcare, telecommunications and basic industry. Overweights to, and security selection within, retail and media, and an off-benchmark allocation to Puerto Rico detracted. Ares also contributed, with beneficial security selection within healthcare, basic industry and media, while poor selection within energy, services and transportation detracted. Benefit Street Partners also contributed to Fund relative performance during the fiscal year, with an overweight and security selection within the services sector, and selection within media and basic industry. Overweights to, and poor security selection within, technology & electronics, capital goods and healthcare provided a headwind.

J.P. Morgan was the lone detractor, with selection within leisure, telecommunications and healthcare outweighed by poor selection within retail, as well as underweights to, and poor security selection within, energy and basic industry.

The Fund used derivatives throughout the year ended September 30, 2017, to help efficiently manage duration, yield-curve positioning and spread duration. High-yield CDX, futures and total-return swaps were used for this purpose, which had a negligible impact on overall Fund performance.

AVERAGE ANNUAL TOTAL RETURN¹



	1 Year Return		Annualized 3 Year Return		Annualized 5 Year Return		Annualized 10 Year Return		Annualized Inception to Date
High Yield Bond Fund, Class F^‡		9.75%		5.47%		6.05%		6.94%		7.35%

High Yield Bond Fund, Class I		9.65%		5.03%		5.61%		6.34%		7.03%

High Yield Bond Fund, Class Y		9.87%		5.64%		6.16%		6.99%		7.37%

BofA Merrill Lynch U.S. High Yield Constrained Index		9.05%		5.88%		6.39%		7.81%		N/A


SEI Institutional Managed Trust / Annual Report / September 30, 2017		39

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FUND PERFORMANCE

September 30, 2017 (Unaudited)

High Yield Bond Fund (Concluded)

Comparison of Change in the Value of a $100,000 Investment in the High Yield Bond Fund, Class F, Class I and Class Y, versus the BofA Merrill Lynch U.S. High Yield Constrained Index.

LOGO

For the year ended 9/30/17. Past performance is not an indication of future performance. Class F shares were offered beginning 1/11/95 and Class I shares were offered beginning 10/1/07. Class I shares performance for the period prior to 10/1/07 is derived from the performance of Class F shares adjusted for the higher expenses of the Class I shares. Class Y shares were offered beginning 12/31/14. Class Y shares performance for the period prior to 12/31/14 is derived from the performance of Class F shares adjusted for the lower expenses of the Class Y shares. Returns for Class Y shares are substantially similar to those of Class F shares and differ only to the extent that Class Y shares have lower total annual fund operating expenses than Class F shares. Returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The returns for certain periods reflect fee waivers and/or reimbursements in effect for that period; absent fee waivers and/ or reimbursements, performance would have been lower.

^‡

See Note 1 in Notes to Financial Statements.

N/A — Not available


40		SEI Institutional Managed Trust / Annual Report / September 30, 2017

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FUND PERFORMANCE

September 30, 2017 (Unaudited)

Conservative Income Fund

I. Objective

The Conservative Income Fund (the “Fund”) seeks current income consistent with the preservation of principal and a high degree of liquidity.

II. Investment Approach

The Fund uses a sub-adviser to manage the Fund’s portfolio under the general supervision of SEI Investments Management Corp. (“SIMC”). The sole sub-adviser for the year ended September 30, 2017 was BlackRock Advisors, LLC. There were no sub-adviser changes during the period.

III. Returns

For the year ended September 30, 2017, the

Conservative Income Fund, Class F, returned 0.83%. The Fund’s benchmark—the BofA Merrill Lynch U.S. 3-Month Treasury Bill Index—returned 0.66%.

IV. Performance Discussion

Front-end Treasury yields moved higher during the fiscal year as the Federal Reserve (“Fed”) raised its benchmark rate three times during the period. As noted in the shareholder letter, the Fed also announced that balance-sheet reduction would begin in October by allowing a small, but increasing amount, of securities to mature without reinvestment each month, starting with up to $6 billion for Treasurys and up to $4 billion for agency mortgages. The Fed’s interest-rate projections still suggest an interest-rate hike in December and three more in 2018. In addition, Congress agreed to a continuing resolution to keep the federal government open until mid-December and allowed the debt limit to be extended until that time. The 3-month London Interbank Offered Rate rose from 0.85% to 1.33% and 3-month Treasury bill yields increased from 0.27% to 1.04%.

The Fund benefited from fixed- and floating-rate commercial paper and certificates of deposit issued by Australian, Canadian and Japanese banks and non-bank issuers maturing in the 5-13 month range that offer attractive yield advantages relative to overnight rates. Moreover, the Fund increased its exposure to floating-rate notes, and will look for additional opportunities, with the expectation that the Fed will continue to increase interest rates.

Over the full reporting period, all four sub-advisers outperformed the benchmark, with Western Asset Management Company producing the best returns through its yield-curve flattening posture and corporate

overweight. Wells Capital Management, Inc. was the next best performer and benefited from security selection in both asset-backed securities and non-agency mortgage-backed securities. Jennison Associates LLC also outperformed primarily due to its yield-curve flattening posture. Metropolitan West Asset Management LLC’s returns were slightly ahead of the benchmark, but were held back by more conservative positioning within the corporate sector and, to a lesser degree, by a shorter-duration posture.

Blackrock is closely watching the new administration, new policies and Fed for indication of further rate hikes. Blackrock will continue to focus on high-quality bank paper. The Fund is well-diversified across Canadian, Australian, Japanese and U.S. banks.


AVERAGE ANNUAL TOTAL RETURN¹
	1 Year Return	Annualized Inception to Date
Conservative Income Fund, Class F^‡	0.83%	0.69%
Conservative Income Fund, Class Y	0.94%	0.80%
BofA Merrill Lynch 3-Month U.S. Treasury Bill Index	0.66%	0.56%

Comparison of Change in the Value of a $100,000 Investment in the Core Fixed Income Fund, Class F and Class Y, versus the BofA Merrill Lynch 3-Month U.S. Treasury Bill Index

LOGO

For the year ended 9/30/17. Past performance is no indication of future performance. Class F shares and Class Y shares were offered beginning 4/1/16. Returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The returns for the period reflect fee waivers and/or reimbursements in effect for the period; absent fee waivers and reimbursements, performance would have been lower.

^‡	See Note 1 in Notes to Financial Statements.


SEI Institutional Managed Trust / Annual Report / September 30, 2017		41

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FUND PERFORMANCE

September 30, 2017 (Unaudited)

Tax-Free Conservative Income Fund

I. Objective

The Tax-Free Conservative Income Fund (the “Fund”) seeks current income exempt from federal income taxes consistent with the preservation of principal and a high degree of liquidity.

II. Investment Approach

The Fund uses a sub-adviser to manage the Fund under the general supervision of SEI Investments Management Corp. (“SIMC”). The sole sub-adviser for the year ended September 30, 2017 was BlackRock Advisors, LLC. There were no sub-adviser changes during the period.

III. Returns

For the year ended September 30, 2017, the Tax-Free Conservative Income Fund, Class F, returned 0.51%. The Fund’s benchmark—the S&P Municipal Bond 6-Month High-Grade Rate—returned 0.82%.

IV. Performance Discussion

The 7-day Securities Industry and Financial Markets Association yield moved higher during the fiscal year, from 0.84% to 0.94%, as yields increased across the curve, as noted in the enclosed shareholder letter. Despite increased issuance and multiple rate hikes by the Federal Reserve during the fiscal period, non-traditional investor participation limited pressure on the yield curve.

While Variable Rate Demand Note (“VRDN”) securities have attracted non-traditional investors, a strong technical backdrop in municipals persists and has provided dealers with an opportunity to probe lower yield levels well through their taxable counterparts. The Fund benefited from its exposure to VRDNs and focused on diversifying these holdings. Moreover, the Fund opportunistically invested in commercial paper and longer-duration fixed-rate securities.

BlackRock is closely watching the new administration and new policies, particularly on tax reform, as well as the Federal Reserve for indications of further rate hikes. Blackrock will continue to focus on high-quality bank paper and remains well diversified.


AVERAGE ANNUAL TOTAL RETURN¹
	1 Year Return			Annualized Inception to Date
Tax-Free Conservative Income Fund, Class F^‡		0.51	%		0.44	%
Tax-Free Conservative Income Fund, Class Y		0.60	%		0.53	%
S&P Municipal 6-Month High-Grade		0.82	%		0.68	%

Comparison of Change in the Value of a $100,000 Investment in the Tax-Free Conservative Income Fund Fund, Class F and Class Y, versus the S&P Municipal Bond 6-Month High-Grade Index.

LOGO

For the year ended 9/30/17. Past performance is no indication of future performance. Class F shares and Class Y shares were offered beginning 4/22/16. Returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The returns for the period reflect fee waivers and/or reimbursements in effect for the period; absent fee waivers and reimbursements, performance would have been lower.

^‡	See Note 1 in Notes to Financial Statements.


42		SEI Institutional Managed Trust / Annual Report / September 30, 2017

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FUND PERFORMANCE

September 30, 2017 (Unaudited)

Real Return Fund

I. Objective

The Real Return Fund (the “Fund”) seeks to provide total return exceeding the rate of inflation.

II. Investment Approach

For the year ended September 30, 2017, the Fund was managed by the SEI Fixed Income Portfolio Management Team of SEI Investments Management Corporation (“SIMC”).

III. Returns

For the year ended September 30, 2017, the Real Return Fund, Class F, returned 0.03%. The Fund’s benchmark — Bloomberg Barclays 1-5 Year U.S. TIPS Index — returned 0.41%.

IV. Performance Discussion

The Treasury Inflation-Protected Securities (“TIPS”) market was positively impacted by increased expectations for expansionary fiscal policy in the U.S. during the Fund’s fiscal year, as noted in the shareholder letter. The TIPs market outperformed matched-maturity nominal Treasury bonds, as breakeven inflation widened across the curve. The five-year inflation breakeven widened approximately 29 basis points over the period. Higher commodity prices flowed through U.S. realized-inflation calculations, with a 2.2% increase in the reference index delivering positive inflation accretion.

Real yields shifted higher in parallel fashion and detracted from Fund performance after the Federal Reserve delivered three 25 basis-point hikes over the period.

AVERAGE ANNUAL TOTAL RETURN¹


	1 Year Return		Annualized 3 Year Return		Annualized 5 Year Return		Annualized Inception to Date
Real Return Fund, Class F^‡		0.03%		0.25%		-0.26%		1.55%
Real Return Fund, Class Y		0.11%		0.37%		-0.18%		1.60%
Bloomberg Barclays 1-5 Year U.S. TIPS Index		0.41%		0.67%		0.19%		1.98%

Comparison of Change in the Value of a $100,000 Investment in the Real Return Fund, Class F and Class Y, versus the Bloomberg Barclays 1-5 Year U.S. TIPS Index

LOGO

For the year ended 9/30/17. Past performance is no indication of future performance. Class F shares were offered beginning 7/2/09 and Class Y shares were offered beginning 12/31/14. Class Y shares performance for the period prior to 12/31/14 is derived from the performance of Class F shares adjusted for the lower expenses of the Class Y shares. Returns for Class Y shares are substantially similar to those of Class F shares and differ only to the extent that Class Y shares have lower total annual fund operating expenses than Class F shares. Returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The returns for the period reflect fee waivers and/or reimbursements in effect for the period; absent fee waivers and reimbursements, performance would have been lower.

^‡	See Note 1 in Notes to Financial Statements.


SEI Institutional Managed Trust / Annual Report / September 30, 2017			43

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FUND PERFORMANCE

September 30, 2017 (Unaudited)

Dynamic Asset Allocation Fund

I. Objective

The Dynamic Asset Allocation Fund (the “Fund”) seeks long-term total return.

II. Investment Approach

During the year ended September 30, 2017, the Fund used a single sub-adviser, SSgA Funds Management, Inc. (“SSgA”), under the general supervision of SEI Investments Management Corporation (“SIMC”). No manager changes were made during the Fund’s fiscal year.

III. Returns

For the year ended September 30, 2017, the Dynamic Asset Allocation Fund, Class F, returned 19.95%, and the S&P 500 Index returned 18.61%.

IV. Performance Discussion

The majority of the Fund’s volatility is driven by the underlying beta, the S&P 500 Index. As such, the largest driver of absolute return in the Fund was the S&P 500 Index, which was positive as noted in the shareholder letter. However, positive performance from the Fund’s tactical trades did cause the Fund to outperform the S&P 500 Index.

Within the S&P 500 Index, the financial sector had the best performance during the fiscal year, followed by technology, industrials and materials. Healthcare and consumer discretionary also had strong performance, and utilities were firm. Telecommunications had the deepest decline, and energy was also negative, while consumer staples were modestly positive.

The largest contributors to relative performance were a long-Indian-rupee, short-Korean-won currency trade, a U.S. breakeven-inflation swap and a put-option position on the euro currency. The Indian-rupee against Korean-won trade has been in place since September 2015 and contributed as the Indian rupee appreciated relative to the Korean won. The U.S. breakeven-inflation swap was initiated in August 2016, and the position appreciated as inflation expectations rose. This trade was closed in December 2016. The euro currency put

option position was initiated in September 2016, and the position appreciated, and then expired in the money in December 2016.

The largest detractors from relative performance were a long-European-equity against short-U.S.-equity trade, a long-Indian-rupee against short-Taiwan-dollar and Singapore-dollar currency trade, and an S&P 500 Index put-option spread. The long-European-equity and short-U.S.-equity trade was initiated in March 2017. This detracted as U.S. equities have outperformed European equities over the measurement period. The long-Indian-rupee and short-Taiwan-dollar and Singapore-dollar trade was initiated in January 2017 and detracted as the two Asian currencies appreciated against the Indian rupee. The S&P 500 Index put-option spread initiated in June 2016 detracted as it expired out of the money in September 2017.

Derivatives are used to obtain the Fund’s tactical exposures. In the past year, these have included futures, foreign-currency forward contracts, options and total-return swaps. The use of derivatives had a material impact on performance since all tactical trades are implemented through their use.

AVERAGE ANNUAL TOTAL RETURN¹



	1 Year Return		Annualized Inception to Date

Dynamic Asset Allocation Fund, Class F^‡		19.95%		9.82%

Dynamic Asset Allocation Fund, Class Y		20.17%		10.04%

S&P 500 Index		18.61%		10.89%


44		SEI Institutional Managed Trust / Annual Report / September 30, 2017

Comparison of Change in the Value of a $100,000 Investment in the Dynamic Asset Allocation Fund, Class F and Class Y, versus the S&P 500 Index

LOGO

For the year ended 9/30/17. Past performance is no indication of future performance. Class F shares and Class Y shares were offered beginning 7/30/15. Returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The returns for the period reflect fee waivers and/or reimbursements in effect for the period; absent fee waivers and reimbursements, performance would have been lower.

^‡

See Note 1 in Notes to Financial Statements.


SEI Institutional Managed Trust / Annual Report / September 30, 2017		45

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FUND PERFORMANCE

September 30, 2017 (Unaudited)

Multi-Strategy Alternative Fund

I. Objective

The Multi-Strategy Alternative Fund (the “Fund”) allocates its assets among a variety of investment strategies to seek to generate an absolute return with reduced correlation to the stock and bond markets.

II. Investment Approach

The Fund’s assets are managed under the direction of SEI Investments Management Corporation (“SIMC”), which manages the Fund’s assets in a way that it believes will achieve the Fund’s investment objective. In order to achieve its investment objective, the Fund may allocate its assets among a variety of investment strategies through the use of: (i) affiliated and unaffiliated funds, including open-end funds, closed-end funds and exchange traded funds (underlying funds); and (ii) one or more investment sub-advisers. During the year ended September 30, 2017, the Fund allocated its assets among unaffiliated funds and one affiliated fund.

During the year ended September 30, 2017, the Fund utilized the following sub-advisers: Acadian Asset Management, Brigade Capital Management, LLC, Caerus Investors LLC, EMSO Partners Ltd., Kettle Hill Capital Management, LLC, Mountaineer Partners Management, LLC, and Ramius Advisors, LLC.

During the period, Brigade Capital Management, LLC and Caerus Investors LLC were added to the Fund.

III. Returns

For the ended September 30, 2017, the Multi-Strategy Alternative Fund, Class F, returned 4.62%. The Fund’s benchmark—BofA Merrill Lynch 3-Month U.S. Treasury Bill Index—returned 0.66%.

Although the Fund’s performance is benchmarked against the return of the BofA Merrill Lynch 3-Month U.S. Treasury Bill Index, an investment in the Fund is substantially different from an investment in U.S. Treasury Bills. Among other things, Treasury bills are backed by the full faith and credit of the U.S. government and have a fixed rate of return. Treasury bill investors do not risk losing their investment, whereas loss of money is a risk of investing in the Fund. Further, an investment in the Fund is expected to be substantially more volatile than an investment in Treasury bills because of the breadth and types of securities and other instruments in which the Fund may invest.

IV. Performance Discussion

The Fund performed well for the fiscal year ended September 30, 2017, outperforming the 3-Month U.S. Treasury Bills Index. Three of the Fund’s four investment strategies delivered positive returns; only the global macro strategy detracted.

The U.S. presidential election and the ensuing “Trump trade” that denoted the simultaneous surge in stocks, Treasury yields and the U.S. dollar dominated the fourth quarter of 2016. The broad rally across equity markets continued throughout 2017 despite the lack of realized progress made on the pro-growth agenda and provided a substantial tailwind for managers running more directional equity strategies. Stronger global growth, notably from Europe and emerging markets, coupled with healthy employment figures, a weaker dollar, low yields across other asset classes and the potential for tax reform sustained the consistent upward trajectory of equity markets, as noted in the shareholder letter. Uncertainty surrounding U.S. politics, particularly as it relates to tax reform, trade agreements and North Korean tensions remained one of the most pressing concerns that threatened the global growth narrative. Following the U.S., global central banks began to normalize policy and marginally increased rates. As in the previous fiscal period, high-yield corporate bonds remained one of the better-performing asset classes as investors continued to search for yield. The U.S. dollar rose in the fourth quarter of 2016 with the Trump trade, but then weakened through 2017 as confidence in the administration’s ability to deliver on its growth-boosting agenda waned and the economic outlook in Europe improved.

During the period, the composition of the Fund shifted slightly as we continued to transition some of the third-party mutual fund investments to the sub-advisers listed in Section II. We believe this change will improve investment outcomes over time and it made a contribution over the period. The event strategy contributed most, particularly the segment sub-advised by Mountaineer Partners. It benefited from a focus on undervalued mid-cap equities coupled with an emphasis on catalysts, as well as its more directional bias. The balance of the event strategy was invested in merger arbitrage, which also posted moderate gains. The equity hedge strategy was the second largest contributor, with gains led by Caerus Investors who were added in January. Caerus runs a fundamental, low-net strategy focused on consumer equities that generated significant alpha over the period on both the long and short side. All investments within the relative-value strategy


46		SEI Institutional Managed Trust / Annual Report / September 30, 2017

delivered positive returns and had a material impact on overall performance. EMSO, an emerging-markets debt specialist, was the top performer within the strategy and benefited from well-timed positions in the bonds of Argentina, Brazil, Greece and Egypt. The global macro allocation, which is composed of two managed futures funds, posted a negative return for the year. Systematic trend- following strategies performed poorly over the fiscal period, given the frequency of trend reversals across fixed income, currency and commodity markets. Not surprisingly, equities have been the one asset class where managed-futures funds were able to generate steady returns due to the more consistent trends. Despite the disappointing performance, the strategy provides an important diversification role in the portfolio and is expected to further enhance the return profile as the macro backdrop stabilizes.

Derivatives used in the Fund consisted primarily of currency futures and forwards, interest-rate swaps, credit default swaps and equity and equity-index options. Derivatives in the Fund were primarily used by sub-advisers for hedging and risk management. Derivatives performance did not have a material impact on Fund returns over the period.

AVERAGE ANNUAL TOTAL RETURN¹




	1 Year Return		Annualized 3 Year Return		Annualized 5 Year Return		Annualized Inception to Date

Multi-Strategy Alternative Fund, Class F^‡		4.62%		1.63%		2.13%		1.36%

Multi-Strategy Alternative Fund, Class Y		4.90%		1.84%		2.26%		1.44%

BofA Merrill Lynch 3-Month U.S. Treasury Bill Index		0.66%		0.32%		0.22%		0.18%

Comparison of Change in the Value of a $100,000 Investment in the Multi-Strategy Alternative Fund, Class F and Class Y, versus the BofA Merrill Lynch 3-Month U.S. Treasury Bill Index

LOGO

For the year ended 9/30/17. Past performance is no indication of future performance. Class F shares were offered beginning 3/31/10 and Class Y shares were offered beginning 4/30/15. Class Y shares performance for the period prior to 4/30/15 is derived from the performance of Class F shares adjusted for the lower expenses of the Class Y shares. Returns for Class Y shares are substantially similar to those of Class F shares and differ only to the extent that Class Y shares have lower total annual fund operating expenses than Class F shares. Returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The returns for the period reflect fee waivers and/or reimbursements in effect for the period; absent fee waivers and reimbursements, performance would have been lower. Although the Fund’s performance is benchmarked against the return of the BofA Merrill Lynch 3-Month U.S. Treasury Bill Index, an investment in the Fund is substantially different from an investment in U.S. Treasury bills. Among other things, Treasury bills are backed by the full faith and credit of the U.S. Government and have a fixed rate of return. Investors in Treasury bills do not risk losing their investment, whereas loss of money is a risk of investing in the Fund. Further, an investment in the Fund is expected to be substantially more volatile than an investment in Treasury bills because of the breadth and types of securities and other instruments in which the Fund may invest.

^‡	See Note 1 in Notes to Financial Statements.


SEI Institutional Managed Trust / Annual Report / September 30, 2017		47

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FUND PERFORMANCE

September 30, 2017 (Unaudited)

Multi-Asset Accumulation Fund

I. Objective

The Multi-Asset Accumulation Fund (the “Fund”) seeks to provide total return, including capital appreciation and income.

II. Investment Approach

The Fund uses a multi-manager approach, relying on a number of sub-advisers with differing investment strategies to manage portions of the Fund’s portfolio, under the general supervision of SEI Investments Management Corporation (“SIMC”). The Fund utilized the following sub-advisers during the year ended September 30, 2017: AQR Capital Management, LLC and PanAgora Asset Management Inc. No manager changes were made during the Fund’s fiscal year.

III. Returns

For the year ended September 30, 2017 the Multi-Asset Accumulation Fund, Class F, returned 4.33%. The Fund’s blended benchmark — MSCI World Index (Net) (Hedged) (USD) Index (60%) and Bloomberg Barclays Global Aggregate Index, (Hedged) (USD) (40%) — returned 10.69%.

IV. Performance Discussion

Most major asset classes had positive performance during the Fund’s fiscal year. Both developed- and emerging-market equities did well during the period. Stocks rallied through most of the fiscal year as global economic synchronization, strong earnings and continued central-bank stimulus drove market performance as the shareholder letter addressed. Developed-market sovereign bonds were modestly negative when hedged back to the U.S. dollar, as most major markets experienced higher rates over the past year. The risk-on sentiment that drove equity returns was also evident in the fixed-income market, as credit outperformed government bonds. Commodities were slightly negative over the past year; however, their performance was positive in the third quarter of 2017. The Fund’s exposure to developed- and emerging-market equities contributed to absolute performance as both asset types performed well during the period. However, the Fund’s lower-than-benchmark exposure to equities detracted from relative performance. Additionally, the Fund’s greater-than-benchmark exposure to nominal sovereign bonds detracted from both absolute and relative performance during the period.

Both sub-advisers experienced positive performance in the period but trailed their blended benchmarks. AQR Capital Management, LLC and PanAgora Asset Management Inc.’s greater-than-benchmark exposures to developed-market bonds detracted from relative performance. In addition, both AQR Capital Management, LLC and PanAgora Asset Management Inc.’s exposures to commodity futures detracted from both absolute and benchmark-relative performance, as commodities experienced negative performance in the period. Additionally, AQR Capital Management, LLC’s exposure to emerging-market currencies contributed to relative performance as most major emerging-market currencies appreciated against the U.S. dollar.

The Fund used equity-index futures, bond-index futures, interest-rate swaps, commodity futures, total-return swaps and currency forwards in order to provide cost-effective exposures to the desired asset classes. Derivatives had a meaningful impact on Fund performance during the period. Sovereign bond-index futures, interest-rate swaps and, to a lesser extent, sovereign bond total-return swaps (used for market exposure) detracted from performance, as interest rates increased (on average) over the period. The greater capital weight to sovereign bonds contributed to underperformance during the period. Global-equity futures (used for market exposure) were a meaningful contributor to performance. While equity futures had a positive impact on total returns, a lower notional exposure to equities detracted from relative performance. The Fund has a controlled foreign corporation designed to provide commodity exposure, primarily through commodity futures and, to a lesser extent, commodity total-return swaps, as commodities are a key part of the Fund’s strategy. The commodity futures provide strategic exposure to a diversified mix of underlying commodities. However, this exposure detracted from total returns over the period. Forward-currency contracts on emerging-market currencies (used for market exposure) were a contributor to both total and benchmark-relative returns. Forward currency contracts on developed-market currencies were principally used to hedge foreign-currency risk relative to the U.S. dollar. These exposures slightly detracted from performance over the Fund’s fiscal year.


48		SEI Institutional Managed Trust / Annual Report / September 30, 2017

AVERAGE ANNUAL TOTAL RETURN¹


	1 Year Return		Annualized 3 Year Return		Annualized 5 Year Return		Annualized Inception to Date
Multi-Asset Accumulation Fund, Class F^‡		4.33%		3.71%		4.24%		4.89%
Multi-Asset Accumulation Fund, Class Y		4.55%		3.95%		4.39%		5.02%
MSCI World Index (Net) (Hedged) (USD)		18.47%		9.17%		12.86%		12.35%
Bloomberg Barclays Global Aggregate Index, (Hedged) (USD)		-0.17%		3.13%		3.07%		3.42%
60/40 Hybrid consisting of the MSCI World Index (Net) (Hedged) (USD) and Bloomberg Barclays Global Aggregate Index, (Hedged) (USD)		10.69%		6.85%		8.96%		8.82%

Comparison of Change in the Value of a $100,000 Investment in the Multi-Asset Accumulation Fund, Class F and Class Y, versus the 60/40 Hybrid consisting of the MSCI World Index (Net) (Hedged) (USD) and Barclays Global Aggregate Index, (Hedged) (USD), the MSCI World Index (Net) (Hedged) (USD), and the Bloomberg Barclays Global Aggregate Index (Hedged) (USD)

LOGO

For the year ended 9/30/17. Past performance is no indication of future performance. Class F shares were offered beginning 4/09/12 and Class Y shares were offered beginning 12/31/14. Class Y shares performance for the period prior to 12/31/14 is derived from the performance of Class F shares adjusted for the lower expenses of the Class Y shares. Returns for Class Y shares are substantially similar to those of Class F shares and differ only to the extent that Class Y shares have lower total annual fund operating expenses than Class F shares. Returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The returns for the period reflect fee waivers and/or reimbursements in effect for the period; absent fee waivers and reimbursements, performance would have been lower.

^‡

See Note 1 in Notes to Financial Statements.


SEI Institutional Managed Trust / Annual Report / September 30, 2017			49

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FUND PERFORMANCE

September 30, 2017 (Unaudited)

Multi-Asset Income Fund

I. Objective

The Multi-Asset Income Fund (the “Fund”) seeks to provide total return with an emphasis on current income.

II. Investment Approach

The Fund uses a multi-manager approach, relying on a number of sub-advisers with differing investment strategies to manage portions of the Fund’s portfolio, under the general supervision of SEI Investments Management Corporation (“SIMC”). The Fund used the following sub-advisers during the year ended September 30, 2017: Goldman Sachs Asset Management, L.P. (“Goldman”), Guggenheim Partners Investment Management, LLC (“Guggenheim”), and SSgA Funds Management, Inc., (“SSgA”). No manager changes were made during the Fund’s fiscal year.

III. Returns

For the year ended September 30, 2017, the Multi-Asset Income Fund, Class F, returned 6.90%. The Fund’s blended benchmark—Bloomberg Barclays U.S. Aggregate Bond Index (45%), the BofA Merrill Lynch U.S. High Yield Constrained Index (40%) and the S&P 500 Index (15%)—returned 6.29%.

IV. Performance Discussion

Credit markets rallied during the Fund’s fiscal year, and credit spreads tightened across the board but were most pronounced in the below-investment-grade credit market, which includes high-yield bonds and bank loans. Investment-grade corporate credit also performed well during the year as spreads tightened in those sectors. Securitized assets such as asset-backed securities (“ABS”), non-agency mortgage-backed securities (“MBS”) and commercial mortgage-backed securities (“CMBS”) performed relatively well, as they benefited from favorable supply and demand dynamics and improving collateral. Non-agency MBS also performed well as the U.S. housing market continued to improve, while collateralized-loan obligations (“CLOs”) benefited from strong demand over the past year, which supported the underlying collateral in bank loans. Emerging-market debt, as noted in the shareholder letter, also enjoyed strong performance over the fiscal period, as commodity markets stabilized and outlooks for certain countries improved. While the Fund’s exposure to high-yield bonds contributed to absolute returns, their lower-than-benchmark weight detracted on a benchmark-relative basis. The Fund’s off-benchmark exposure to

emerging-market debt contributed to both absolute and benchmark-relative performance. The Fund’s meaningful exposure to securitized assets (“ABS”, “MBS” and “CLOs”) contributed to performance during the measurement period.

All three sub-advisers contributed to total return.

Guggenheim’s meaningful exposure to CLOs, bank loans and ABS helped. Goldman Sachs contributed, principally through exposures to high-yield bonds and emerging-markets debt. Despite its relatively modest weight, the covered-call strategy implemented by SSgA provided above-average performance in the period, contributing to relative performance.

The Fund used total-return swaps on bond futures, interest-rate swaps and futures and options on exchange-traded funds, equity indexes and currency forwards. Derivatives were employed for various reasons, including fixed-income relative value, to generate option income and hedge interest-rate risk. Derivatives had a modest impact on Fund performance. Interest-rate futures used to manage duration detracted as rates rose during the period. Options used as part of the covered-call strategy contributed, as did relative-value positions between European sovereign bonds and U.S. Treasury bonds. Currency forwards had a slightly negative impact on performance.

AVERAGE ANNUAL TOTAL RETURN¹


	1 Year Return		Annualized 3 Year Return		Annualized 5 Year Return		Annualized Inception to Date
Multi-Asset Income Fund, Class F^‡		6.90%		5.86%		6.40%		6.84%
Multi-Asset Income Fund, Class Y		7.00%		5.95%		6.45%		6.89%
Bloomberg Barclays U.S. Aggregate Bond Index		0.07%		2.71%		2.06%		2.44%
BofA Merrill Lunch U.S. High Yield Constrained Index		9.05%		5.88%		6.39%		7.08%
S&P 500 Index		18.61%		10.81%		14.22%		13.97%
45/40/15 Hybrid consisting of the Bloomberg Barclays U.S. Aggregate Bond Index, BofA Merrill Lynch U.S. High Yield Constrained Index and S&P 500 Index		6.29%		5.25%		5.62%		6.04%


50		SEI Institutional Managed Trust / Annual Report / September 30, 2017

Comparison of Change in the Value of a $100,000 Investment in the Multi-Asset Income Fund, Class F and Class Y, versus the 45/40/15 Hybrid consisting of the Bloomberg Barclays U.S. Aggregate Bond Index, BofA Merrill Lynch U.S. High Yield Constrained Index, and S&P 500 Index, the Bloomberg Barclays U.S. Aggregate Bond Index, the BofA Merrill Lynch U.S. High Yield Constrained Index, and the S&P 500 Index

LOGO

For the year ended September 30, 2017. Past performance is not an indication of future performance. Class F shares were offered beginning 4/9/12. Class Y shares performance for the period prior to 12/31/14 is derived from the performance of Class F shares. Returns for Class Y shares are substantially similar to those of Class F shares and differ only to the extent that Class Y shares have lower total annual fund operating expenses than Class F shares. Returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The returns for certain periods reflect fee waivers and reimbursements, performance would have been lower.

^‡

See Note 1 in Notes to Financial Statements.


SEI Institutional Managed Trust / Annual Report / September 30, 2017		51

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FUND PERFORMANCE

September 30, 2017 (Unaudited)

Multi-Asset Inflation Managed Fund

I. Objective

The Multi-Asset Inflation-Managed Fund (the “Fund”) seeks to provide total return exceeding the rate of inflation.

II. Investment Approach

The Fund uses a multi-manager approach, relying on a number of sub-advisers with differing investment strategies to manage portions of the Fund’s portfolio, under the general supervision of SEI Investments Management Corporation (“SIMC”). The Fund utilized the following sub-advisers during the year ended September 30, 2017: AllianceBernstein, L.P, Cohen & Steers and QS Investors, LLC. No manager changes were made during the Fund’s fiscal year.

III. Returns

For the year ended September 30, 2017, the Multi-Asset Inflation Managed Fund, Class F, returned -2.07%. The Fund’s blended benchmark — the Bloomberg Barclays 1-5 Year U.S. TIPS Index (70%), the Bloomberg Commodity Index Total Return Index (20%) and the S&P 500 Index (10%) — returned 1.78%.

IV. Performance Discussion

The real-assets market experienced mixed performance over the fiscal year, as noted in the shareholder letter. While commodities had a negative return over the one-year period, U.S. Treasury Inflation-Protected Securities (“TIPS”) experienced muted performance across the curve. Commodity-related equities diverged from their underlying commodities and delivered positive returns during the measurement period. Stocks rallied through most of the year as global economic synchronization, strong earnings and continued central-bank stimulus drove market performance, as the shareholder letter addressed. Real-estate investment trusts were positive over the period.

Sub-adviser performance was mixed. Cohen & Steers’ unfavorable security selection within the commodities sector detracted from relative performance during the period. AllianceBernstein, L.P.’s U.S. TIPS allocation contributed to both absolute and relative performance. Outperformance for AllianceBernstein was largely due to an overweight to credit-spread sectors. QS Investors’ inflation-sensitive equity long/short strategy detracted from absolute and relative performance. The strategic sector allocation within the long/short strategy was out-of-favor over the period as its value tilt lagged a market that favored U.S. growth stocks.

The Fund used commodity futures, bond-index futures, equity-index futures and interest-rate swaps during the period. The use of derivatives had a meaningful impact on Fund performance. A short position in U.S. Treasury futures and interest-rate swaps was used to hedge duration risk for a portion of the Fund’s corporate-bond exposure. This hedge contributed to total returns as interest rates increased. A short position in global equity total-return swaps was used to hedge equity-market risk for a portion of the Fund’s long-equity positions. This hedge detracted from total returns, as equity-market returns were positive. Within the Fund, a controlled foreign corporation has been established to provide additional exposure to commodities, including commodity futures. The commodity futures exposure, used to provide a strategic exposure to a diversified mix of underlying commodities, detracted from total returns. Forward-currency contracts on developed-market currencies were principally used to hedge foreign-currency risk relative to the U.S. dollar and had a slightly negative effect on performance.

AVERAGE ANNUAL TOTAL RETURN¹


	1 Year Return		Annualized 3 Year Return		Annualized 5 Year Return		Annualized Inception to Date
Multi-Asset Inflation Managed Fund, Class F^‡		-2.07%		-2.66%		-2.93%		-2.41%
Multi-Asset Inflation Managed Fund, Class Y		-1.90%		-2.46%		-2.81%		-2.30%
Bloomberg Barclays 1-5 Year U.S. TIPS Index		0.41%		0.67%		0.19%		0.31%
Bloomberg Commodity Total Return Index		-0.29%		-10.41%		-10.47%		-8.75%
S&P 500 Index		18.61%		10.81%		14.22%		13.97%
70/20/10 Hybrid consisting of the Bloomberg Barclays 1-5 Year U.S. TIPS Index, Bloomberg Commodity Total Return Index and S&P 500 Index		1.78%		-0.42%		-0.56%		-0.38%


52		SEI Institutional Managed Trust / Annual Report / September 30, 2017

Comparison of Change in the Value of a $100,000 Investment in the Multi-Asset Inflation Managed Fund, Class F and Class Y, versus a 70/20/10 Hybrid consisting of the the Bloomberg Barclays 1-5 Year U.S. TIPS Index, Bloomberg Commodity Total Return Index and the S&P 500 Index

LOGO

^‡

See Note 1 in Notes to Financial Statements.


SEI Institutional Managed Trust / Annual Report / September 30, 2017		53

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FUND PERFORMANCE

September 30, 2017 (Unaudited)

Multi-Asset Capital Stability Fund

I. Objective

The Multi-Asset Capital Stability Fund (the “Fund”) seeks to manage the risk of a loss while providing current income and an opportunity for capital appreciation.

II. Investment Approach

For the year ended September 30, 2017, the Fund used a single sub-adviser, AllianceBernstein, L.P. (“AllianceBernstein”), under the general supervision of SEI Investments Management Corporation (“SIMC”). No manager changes were made during the Fund’s fiscal year.

III. Returns

For the year ended September 30, 2017, the Multi-Asset Capital Stability Fund, Class F, returned 1.78%. The Fund’s blended benchmark—the Bloomberg Barclays 1-3 Year U.S. Government/Credit Index (95%) and S&P 500 Composite Stock Price Index (5%)—returned 1.51%.

IV. Performance Discussion

The Fund had positive absolute performance and outperformed relative to its blended benchmark. A greater-than-average benchmark exposure to equity and credit helped both absolute and relative performance. The Fund’s tactical positions in emerging-market currency forward contracts contributed to both absolute and relative performance.

The Fund used credit-default swaps, equity-index futures, bond-index futures, interest-rate swaps, equity options and currency forwards. Derivatives are primarily used to provide cost-effective exposures to the desired asset classes and had a meaningful impact on Fund performance in the period. Stock-index futures, primarily developed-market equities used for market exposure, resulted in positive performance during the Fund’s fiscal year. Interest-rate futures and swaps generally detracted from performance as interest rates rose on

average during the period. Small positions in credit-default swaps, used to gain exposure to high-yield and investment-grade credit, contributed modestly to total return. Forward-currency contracts on developed-market currencies were principally used to hedge foreign-currency risk relative to the U.S. dollar. The effect of these hedges on performance was largely neutral. Tactical positions in primarily emerging-market currencies contributed to performance.

AVERAGE ANNUAL TOTAL RETURN¹


	1 Year Return		Annualized 3 Year Return		Annualized 5 Year Return		Annualized Inception to Date
Multi-Asset Capital Stability Fund, Class F^‡		1.78%		1.27%		1.18%		1.34%
Multi-Asset Capital Stability Fund, Class Y		1.88%		1.37%		1.24%		1.39%
Bloomberg Barclays 1-3 year U.S. Government/Credit Index		0.66%		1.05%		0.91%		0.96%
S&P 500 Index		18.61%		10.81%		14.22%		13.97%
95/5 Hybrid consisting of Bloomberg Barclays 1-3 Year U.S. Government/Credit Index and S&P 500 Index		1.51%		1.55%		1.56%		1.60%


54		SEI Institutional Managed Trust / Annual Report / September 30, 2017

Comparison of Change in the Value of a $100,000 Investment in the Multi-Asset Capital Stability Fund, Class F and Class Y, versus a 95/5 Hybrid of the following indexes: the Bloomberg Barclays 1-3 Year U.S. Government/Credit Index, and the S&P 500 Index.

LOGO

For the year ended 9/30/17. Past performance is not an indication of future performance. Class F shares were offered beginning 4/9/12 and Class Y shares were offered beginning 12/31/14. Class Y shares performance for the period prior to 12/31/14 is derived from the performance of Class F shares adjusted for the lower expenses of the Class Y shares. Returns for Class Y shares are substantially similar to those of Class F shares and differ only to the extent that Class Y shares have lower total annual fund operating expenses than Class F shares. Returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The returns for certain periods reflect fee waivers and/or reimbursements in effect for that period; absent fee waivers and/or reimbursements, performance would have been lower.

^‡

See Note 1 in Notes to Financial Statements.


SEI Institutional Managed Trust / Annual Report / September 30, 2017		55

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FUND PERFORMANCE

September 30, 2017 (Unaudited)

Long/Short Alternative Fund

I. Objective

The Long/Short Alternative Fund (the “Fund”) seeks to provide long term capital appreciation.

II. Investment Approach

For the year ended September 30, 2017, the Fund used a single sub-adviser, Beachhead Capital Management LLC, under the general supervision of SEI Investments Management Corporation (“SIMC”). No manager changes were made during the Fund’s fiscal year.

III. Returns

For the year ended September 30, 2017, the Long/Short Alternative Fund, Class F, returned 11.13%. The Fund’s benchmark—Equity Hedge Index (“HFRX”)—returned 7.91%.

IV. Performance Discussion

During the Fund’s fiscal year, performance was driven predominantly by long exposure to U.S., developed-market and emerging-market equities. Despite the various geopolitical headwinds, stronger global growth, healthy employment figures, a weaker dollar, low yields across other asset classes and the potential for tax reform helped propel the equity rally. Global equity markets generally exhibited a resilient upward trajectory over the period, with the exception of emerging-markets, which sold off in the fourth quarter of 2016 before rebounding sharply in the subsequent quarters.

The Fund benefited from being positioned short emerging-market equities at the end of 2016. However, within equities, the Fund’s sizable long positions in the S&P 400 and Nasdaq Composite indexes were the largest contributors. Allocations to currencies and, to a lesser extent, corporate credit, had a marginal, but positive, impact on performance, as noted in the shareholder letter. The Fund was positioned long the U.S. dollar throughout the first half of the fiscal year before rotating short in April as confidence in President Trump’s ability to deliver on a growth-boosting agenda waned and the economic outlook in Europe improved. During the period, the Fund maintained a modest, but consistent, long allocation to high-yield corporate credit, which offset a small loss from its investment-grade credit exposure for an overall net gain from the asset class. The Fund’s short position in 30-year Treasury bonds was the only material detractor for the year, with most of the losses suffered during the fourth quarter of 2016 and second quarter of 2017. At the end of the fiscal period, the Fund retained its long U.S., developed-market,

and emerging-market equities positioning, albeit at a considerably lower gross exposure. In addition, the Fund remained modestly long high-yield corporate credit and short 30-year Treasuries and the U.S. dollar.

The Fund achieved the foregoing exposure and related performance primarily through the use of index futures to obtain broad exposure to global financial markets including U.S. and international equities, U.S. government bonds, and currencies.

AVERAGE ANNUAL TOTAL RETURN¹


	1 Year Return		Annualized Inception to Date
Long/Short Alternative Fund, Class F^‡		11.13%		3.08%
Long/Short Alternative Fund, Class Y		11.42%		3.25%
BofA Merrill Lynch 3-Month U.S. Treasury Bill Index		0.66%		0.34%
HFRX Equity Hedge Index		7.91%		1.80%


56		SEI Institutional Managed Trust / Annual Report / September 30, 2017

Comparison of Change in the Value of a $100,000 Investment in the Long/Short Alternative Fund, Class F and Class Y, versus the BofA Merrill Lynch 3-Month U.S. Treasury Bill Index and the HFRX Equity Hedge Index

LOGO

For the year ended 9/30/17. Past performance is no indication of future performance. Class F Shares were offered beginning 12/19/14 and Class Y shares were offered beginning 4/30/15. Class Y shares performance for the period prior to 4/30/15 is derived from the performance of Class F shares adjusted for the lower expenses of the Class Y shares. Returns for Class Y shares are substantially similar to those of Class F shares and differ only to the extent that Class Y shares have lower total annual fund operating expenses than Class F shares. Returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The returns for the period reflect fee waivers and/or reimbursements in effect for the period; absent fee waivers and reimbursements, performance would have been lower.

^‡

See Note 1 in Notes to Financial Statements.


SEI Institutional Managed Trust / Annual Report / September 30, 2017		57

SUMMARY SCHEDULE OF INVESTMENTS

September 30, 2017

Large Cap Fund

LOGO

^†Percentages are based on total investments. Includes investments held as collateral for securities held on loan (see Note 10).



Description	Percentage of Net Assets (%)			Shares		Market Value ($ Thousands)
COMMON STOCK — 94.1%

Consumer Discretionary — 13.2%
Amazon.com, Cl A*		0.8	%		21,914	$	21,067
Dollar General		1.4			434,146		35,188
General Motors		0.8			472,051		19,061
Home Depot		0.8			118,932		19,453
Lowe’s		1.6			511,300		40,873
Nike, Cl B		0.8			376,866		19,540
Omnicom Group		0.6			204,096		15,117
TJX		1.1			389,684		28,731
Other Securities (A)		5.3					133,552

							332,582


Consumer Staples — 8.3%
Colgate-Palmolive		0.8			266,300		19,400
Constellation Brands, Cl A		0.7			90,979		18,146
CVS Health		1.4			444,177		36,120
JM Smucker		1.1			256,553		26,920
Kroger		0.6			742,980		14,904
PepsiCo		0.7			151,620		16,895
Philip Morris International		0.9			206,045		22,873
Other Securities		2.1					54,043

							209,301


Energy — 4.6%
Chevron		0.8			169,088		19,868
Occidental Petroleum		0.7			251,909		16,175
Other Securities (A)		3.1					77,986

							114,029


Financials — 16.2%
Aflac		0.9			283,786		23,097
Bank of America		0.8			746,855		18,925
Citigroup		0.8			277,690		20,199
JPMorgan Chase		0.8			201,687		19,263
Moody’s		1.4			258,578		35,997
MSCI, Cl A		0.8			177,080		20,701
State Street		1.1			295,256		28,209



Description	Percentage of Net Assets (%)			Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Travelers		0.6	%		120,998	$	14,825
US Bancorp		0.7			332,777		17,833
Wells Fargo		0.8			343,897		18,966
Other Securities (B)		7.5					190,583

							408,598


Health Care — 16.5%
Abbott Laboratories		0.7			330,021		17,610
Amgen, Cl A		1.3			168,167		31,355
Becton Dickinson		1.9			244,078		47,827
Biogen*		1.0			82,480		25,826
Johnson & Johnson		2.1			405,060		52,662
Merck		0.8			328,657		21,044
Mettler Toledo International*		1.2			47,321		29,631
UnitedHealth Group		2.8			356,899		69,899
Other Securities		4.7					120,275

							416,129


Industrials — 9.4%
3M		1.5			183,684		38,555
Delta Air Lines, Cl A		0.6			307,382		14,822
Graco		0.8			165,305		20,447
Illinois Tool Works		1.2			204,357		30,237
Middleby*		0.7			132,095		16,931
Other Securities (A)		4.6					115,097

							236,089


Information Technology — 18.7%
Alphabet, Cl A*		1.0			26,718		26,016
Alphabet, Cl C*		0.4			10,762		10,322
Analog Devices		0.8			226,408		19,510
Apple		0.6			102,380		15,779
Applied Materials		0.7			319,888		16,663
Intel		0.7			477,390		18,179
Mastercard, Cl A		1.6			293,258		41,408
Microsoft		1.6			540,211		40,240
Oracle, Cl B		0.8			420,383		20,326
Visa, Cl A		0.9			220,943		23,252
Other Securities (A)		9.6					239,531

							471,226


Materials — 4.6%
Sherwin-Williams, Cl A		1.4			97,200		34,801
Other Securities		3.2					81,668

							116,469


Real Estate — 1.1%
Other Securities ‡(A)		1.1					27,880


Telecommunication Services — 0.4%
Other Securities		0.4					9,289


58		SEI Institutional Managed Trust / Annual Report / September 30, 2017



Description	Percentage of Net Assets (%)	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)

Utilities — 1.1%
Other Securities	1.1%			$	27,167


Total Common Stock (Cost $1,842,024) ($ Thousands)					2,368,759


AFFILIATED PARTNERSHIP — 1.1%
SEI Liquidity Fund, L.P. 1.110% **†(C)	1.1		27,250,897		27,259


Total Affiliated Partnership (Cost $27,249) ($ Thousands)					27,259



Description	Percentage of Net Assets (%)	Shares		Market Value ($ Thousands)
CASH EQUIVALENT — 5.9%
SEI Daily Income Trust, Government Fund, Cl F 0.840% **†	5.9%		149,182,956	$	149,183


Total Cash Equivalent (Cost $149,183) ($ Thousands)					149,183


Total Investments in Securities — 101.1% (Cost $2,018,456)($ Thousands)				$	2,545,201

A list of the open futures contracts held by the Fund at September 30, 2017 is as follows:


Type of Contract	Number of Contracts Long		Expiration Date		Notional Amount ($ Thousands)		Value ($ Thousands)		Unrealized Appreciation ($ Thousands)
S&P 500 Index E-MINI		93		Dec-2017		$11,444		$11,700		$256
S&P Mid Cap 400 Index E-MINI		7		Dec-2017		1,211		1,257		46

						$12,655		$12,957		$302

Percentages are based on a Net Assets of $2,518,510 ($ Thousands).

*	Non-income producing security.

**	The rate reported is the 7-day effective yield as of September 30, 2017.

‡	Real Estate Investment Trust.

†	Investment in Affiliated Security (see Note 6).

(A)	Certain securities or partial positions of certain securities are on loan at September 30, 2017 (see Note 10). The total market value of securities on loan at September 30, 2017, was $26,596 ($ Thousands).

(B)	Security is a Master Limited Partnership. At September 30, 2017, such securities amounted to $2,531 ($ Thousands), or 0.10% of Net Assets (see Note 2).

(C)	This security was purchased with cash collateral held from securities on loan (see Note 10). The total market value of such securities as of September 30, 2017 was $27,259 ($ Thousands).

Cl — Class

L.P. — Limited Partnership

S&P— Standard & Poor’s

The Summary Schedule of Investments does not reflect the complete portfolio holdings. It includes the Fund’s 50 largest holdings and each investment of any issuer that exceeds 1% of the Fund’s net assets. “Other Securities” represent all issues not required to be disclosed under the rules adopted by the U.S. Securities and Exchange Commission (“SEC”). In certain instances, securities for which footnotes listed above may otherwise apply are included in the Other Securities caption. The complete schedule of portfolio holdings is available (i) without charge, upon request, by calling (800) 342-5734; and (ii) on the SEC’s website at http://www.sec.gov.

The following is a list of the level of inputs used as of September 30, 2017, in valuing the Fund’s investments and other financial instruments carried at value ($ Thousands):



Investments in Securities	Level 1		Level 2		Level 3		Total
Common Stock	$	2,368,759	$	–	$	–	$	2,368,759
Affiliated Partnership		–		27,259		–		27,259
Cash Equivalent		149,183		–		–		149,183


Total Investments in Securities	$	2,517,942	$	27,259	$	–	$	2,545,201



Other Financial Instruments	Level 1		Level 2		Level 3		Total
Futures Contracts *
Unrealized Appreciation	$	302	$	—	$	—	$	302


Total Other Financial Instruments	$	302	$	—	$	—	$	302

*	Futures contracts are valued at the unrealized appreciation on the instrument.

For the year ended September 30, 2017, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the year ended September 30, 2017, there were no transfers between Level 2 and Level 3 assets and liabilities.

For more information on valuation inputs, see Note 2 — Significant Accounting Policies in Notes to Financial Statements.

Amounts designated as “—” are either $0 or have been rounded to $0.


SEI Institutional Managed Trust / Annual Report / September 30, 2017		59

SUMMARY SCHEDULE OF INVESTMENTS

September 30, 2017

Large Cap Fund (Concluded)

The following is a summary of the Fund’s transactions with affiliates for the year ended September 30, 2017 ($ Thousands):


Security Description	Value 9/30/2016		Purchases at Cost		Proceeds from Sales		Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)		Value 9/30/2017		Dividend Income
SEI Liquidity Fund, L.P.		$261,551		$253,106		$(487,406)		$(2)		$10		$27,259		$407
SEI Daily Income Trust, Government Fund, CI F		149,115		346,199		(346,131)		—		—		149,183		724

Totals		$410,666		$599,305		$(833,537)		$(2)		$10		$176,442		$1,131

The accompanying notes are an integral part of the financial statements.


60		SEI Institutional Managed Trust / Annual Report / September 30, 2017

SUMMARY SCHEDULE OF INVESTMENTS

September 30, 2017

Large Cap Value Fund

LOGO

^†Percentages are based on total investments. Includes investments held as collateral for securities held on loan (see Note 10).



Description	Percentage of Net Assets (%)			Shares		Market Value ($ Thousands)

COMMON STOCK — 94.2%

Consumer Discretionary — 9.0%
Dollar General		1.4	%		239,968	$	19,449
General Motors		1.1			391,373		15,804
Lowe’s		1.2			215,553		17,231
Omnicom Group		1.1			196,869		14,582
Ross Stores		0.6			136,549		8,817
Other Securities(A)		3.6					48,843

							124,726

Consumer Staples — 9.0%
CVS Health		2.3			387,219		31,489
JM Smucker		1.7			226,190		23,734
Kroger		1.0			720,240		14,448
Philip Morris International		1.3			168,397		18,694
Procter & Gamble		0.7			103,495		9,416
Other Securities		2.0					27,170

							124,951

Energy — 9.2%
BP ADR		0.8			275,876		10,602
Chevron		1.5			179,230		21,060
ExxonMobil		0.7			118,981		9,754
Occidental Petroleum		1.1			233,673		15,004
Royal Dutch Shell ADR, Cl A		0.7			155,127		9,398
Valero Energy		0.7			133,676		10,284
Other Securities(A)		3.7					50,997

							127,099

Financials — 22.5%
Aflac		1.7			282,472		22,990
Allstate		0.7			104,248		9,581
Bank of America		1.7			938,088		23,771
Citigroup		2.0			376,201		27,365
Discover Financial Services		0.7			141,677		9,135
JPMorgan Chase		1.9			281,224		26,860
Marsh & McLennan		1.1			178,232		14,938
State Street		1.8			267,765		25,582
SunTrust Banks		0.8			183,395		10,962
Travelers		0.8			87,793		10,756



Description	Percentage of Net Assets (%)			Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Other Securities‡(B)		9.3	%			$	129,991

							311,931

Health Care — 15.4%
Abbott Laboratories		1.5			380,086		20,281
Aetna, Cl A		0.7			59,309		9,431
AmerisourceBergen, Cl A		0.7			118,509		9,807
Amgen, Cl A		2.0			150,955		28,146
Anthem		0.8			57,621		10,941
Becton Dickinson		1.0			68,651		13,452
Johnson & Johnson		1.6			165,051		21,458
Merck		1.6			337,604		21,617
Pfizer		0.8			314,605		11,231
UnitedHealth Group		1.2			86,850		17,010
Other Securities		3.5					49,729

							213,103

Industrials — 9.2%
3M		0.9			60,264		12,649
American Airlines Group		0.6			171,193		8,130
Delta Air Lines, Cl A		0.9			266,828		12,866
Illinois Tool Works		1.2			110,335		16,325
WW Grainger(A)		1.0			79,368		14,266
Other Securities		4.6					62,986

							127,222

Information Technology — 8.9%
Automatic Data Processing		0.9			116,867		12,776
Cisco Systems		1.1			442,616		14,885
Intel		1.0			364,930		13,897
Microchip Technology(A)		1.0			145,954		13,104
Other Securities(A)		4.9					68,412

							123,074

Materials — 3.7%
Eastman Chemical		0.8			120,517		10,906
International Paper		0.6			151,191		8,591
LyondellBasell Industries, Cl A		0.7			102,542		10,157
Other Securities(A)		1.6					22,198

							51,852

Real Estate — 2.1%
Other Securities^‡(A)		2.1					29,748


Telecommunication Services — 1.8%
AT&T		1.1			382,575		14,985
Other Securities		0.7					10,390

							25,375

Utilities — 3.4%
Exelon		0.7			273,188		10,291
Other Securities		2.7					36,637

							46,928

Total Common Stock (Cost $1,020,178) ($ Thousands)							1,306,009


SEI Institutional Managed Trust / Annual Report / September 30, 2017		61

SUMMARY SCHEDULE OF INVESTMENTS

September 30, 2017

Large Cap Value Fund (Concluded)



Description	Percentage of Net Assets (%)			Shares		Market Value ($ Thousands)

AFFILIATED PARTNERSHIP — 2.2%
SEI Liquidity Fund, L.P. 1.110% **†(C)		2.2	%		30,530,593	$	30,531


Total Affiliated Partnership (Cost $30,530) ($ Thousands)							30,531


CASH EQUIVALENT — 3.9%
SEI Daily Income Trust, Government Fund, Cl F 0.840% **† 3.9					54,156,796		54,157


Total Cash Equivalent (Cost $54,157) ($ Thousands)							54,157


Total Investments in Securities — 100.3% (Cost $1,104,865)($ Thousands)						$	1,390,697

Percentages are based on a Net Assets of $1,386,098 ($ Thousands).

**	The rate reported is the 7-day effective yield as of September 30, 2017.

‡	Real Estate Investment Trust.

†	Investment in Affiliated Security (see Note 6).

(A)	Certain securities or partial positions of certain securities are on loan at September 30, 2017 (see Note 10). The total market value of securities on loan at September 30, 2017, was $29,863 ($ Thousands).

(B)	Security is a Master Limited Partnership. At September 30, 2017, such securities amounted to $9,286 ($ Thousands), or 0.67% of Net Assets (see Note 2).

(C)	This security was purchased with cash collateral held from securities on loan (see Note 10). The total market value of such securities as of September 30, 2017 was $30,531 ($ Thousands).

ADR — American Depositary Receipt

Cl — Class

L.P. — Limited Partnership

The following is a summary of the Fund’s transactions with affiliates for the year ended September 30, 2017 ($ Thousands):

The following is a list of the level of inputs used as of September 30, 2017, in valuing the Fund’s investments carried at value ($ Thousands):



Investments in Securities	Level 1		Level 2		Level 3		Total
Common Stock	$	1,306,009	$	–	$	–	$	1,306,009
Affiliated Partnership		–		30,531		–		30,531
Cash Equivalent		54,157		–		–		54,157


Total Investments in Securities	$	1,360,166	$	30,531	$	–	$	1,390,697

For the year ended September 30, 2017, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the year ended September 30, 2017, there were no transfers between Level 2 and Level 3 assets and liabilities.

For more information on valuation inputs, see Note 2 — Significant Accounting Policies in Notes to Financial Statements.

Amounts designated as “—” are either $0 or have been rounded to $0.


Security Description	Value 9/30/2016		Purchases at Cost		Proceeds from Sales		Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)		Value 9/30/2017		Dividend Income
SEI Liquidity Fund, L.P.		$49,707		$228,552		$(247,727)		$(2)		$1		$30,531		$85
SEI Daily Income Trust, Government Fund, CI F		47,204		323,633		(316,680)		—		—		54,157		336

Totals		$96,911		$552,185		$(564,407)		$(2)		$1		$84,688		$421

The accompanying notes are an integral part of the financial statements.


62		SEI Institutional Managed Trust / Annual Report / September 30, 2017

SUMMARY SCHEDULE OF INVESTMENTS

September 30, 2017

Large Cap Growth Fund

LOGO

^†Percentages are based on total investments. Includes investments held as collateral for securities held on loan (see Note 10).



Description	Percentage of Net Assets (%)	Shares		Market Value ($ Thousands)
COMMON STOCK†† — 95.3%

Consumer Discretionary — 15.9%
Amazon.com, Cl A*	2.5%		38,954	$	37,448
Autozone*	1.1		27,455		16,339
Domino’s Pizza	0.8		59,012		11,717
Home Depot	0.8		71,150		11,637
Lowe’s	1.1		213,743		17,087
Nike, Cl B	1.4		414,317		21,482
Priceline Group*	0.9		7,309		13,381
TJX	1.7		335,369		24,727
Tractor Supply	0.9		213,880		13,536
Ulta Beauty*	0.8		55,295		12,500
Other Securities(A)	3.9				57,304

					237,158


Consumer Staples — 4.3%
Colgate-Palmolive	1.4		287,107		20,916
Constellation Brands, Cl A	1.0		76,271		15,212
PepsiCo	1.5		197,826		22,044
Other Securities	0.4				6,346

					64,518


Energy — 0.6%
Other Securities	0.6				8,546


Financials — 11.5%
CME Group	1.0		109,614		14,872
Factset Research Systems	0.8		69,903		12,590
Moody’s	2.4		262,006		36,474
MSCI, Cl A	1.5		186,831		21,841
US Bancorp	1.3		353,068		18,921
Wells Fargo	1.3		353,024		19,469
Other Securities	3.2				46,593

					170,760


Health Care — 17.0%
Alexion Pharmaceuticals*	0.9		95,843		13,446
Becton Dickinson	2.3		177,432		34,768
Biogen*	1.4		65,831		20,613
Celgene, Cl A*	1.1		114,597		16,710



Description	Percentage of Net Assets (%)	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Johnson & Johnson	1.9%		218,651	$	28,427
Mettler Toledo International*	1.6		39,168		24,525
UnitedHealth Group	3.6		274,030		53,669
Varian Medical Systems*	0.9		134,467		13,455
Other Securities	3.3				48,276

					253,889


Industrials — 8.8%
3M	1.3		94,899		19,919
Graco	1.4		167,141		20,674
Middleby*	1.1		127,542		16,347
United Technologies	1.1		137,265		15,934
Other Securities(A)	3.9				59,053

					131,927


Information Technology — 30.6%
Adobe Systems*	1.1		110,614		16,501
Alphabet, Cl A*	2.1		32,381		31,530
Alphabet, Cl C*	1.3		19,810		19,000
Analog Devices	1.3		215,758		18,592
Apple	1.5		140,050		21,585
ASML Holding, Cl G(A)	0.9		78,012		13,356
Autodesk, Cl A*	0.8		108,611		12,193
Electronic Arts*	0.8		104,886		12,383
Facebook, Cl A*	1.9		164,949		28,185
Mastercard, Cl A	2.6		272,991		38,546
Microsoft	3.6		718,183		53,497
Nvidia	1.2		100,643		17,992
Oracle, Cl B	1.2		384,205		18,576
PayPal Holdings*	1.2		277,765		17,785
Tencent Holdings ADR	1.0		333,965		14,666
Visa, Cl A	2.2		314,346		33,082
Other Securities(A)	5.9				88,383

					455,852


Materials — 4.9%
Ecolab	0.9		103,054		13,254
Praxair	1.0		101,704		14,212
Sherwin-Williams, Cl A	2.2		93,658		33,533
Other Securities	0.8				12,205

					73,204


Real Estate — 1.6%
Other Securities^‡	1.6				23,372


Telecommunication Services — 0.1%
Other Securities	0.1				1,459


Total Common Stock (Cost $1,045,700) ($ Thousands)					1,420,685


SEI Institutional Managed Trust / Annual Report / September 30, 2017		63

SUMMARY SCHEDULE OF INVESTMENTS

September 30, 2017

Large Cap Growth Fund (Concluded)



Description	Percentage of Net Assets (%)			Shares		Market Value ($ Thousands)

AFFILIATED PARTNERSHIP — 1.3%
SEI Liquidity Fund, L.P. 1.110% **^†(B)		1.3	%		18,752,337	$	18,752


Total Affiliated Partnership (Cost $18,751) ($ Thousands)							18,752



Description	Percentage of Net Assets (%)	Shares	Market Value ($ Thousands)


CASH EQUIVALENT — 3.4%
SEI Daily Income Trust, Government Fund, Cl F 0.840% **^†	3.4	%	51,512,276	$	51,512


Total Cash Equivalent (Cost $51,512) ($ Thousands)					51,512


Total Investments in Securities — 100.0% (Cost $1,115,963)($ Thousands)				$	1,490,949

A list of the open futures contracts held at September 30, 2017 is as follows:


	Number of				Unrealized
Type of	Contracts	Expiration	Notional Amount	Value	Appreciation
Contract	Long	Date	($ Thousands)	($ Thousands)	($ Thousands)
S&P 500 Index E-MINI	3	Dec-2017	$376	$377	$1

Percentages are based on a Net Assets of $1,490,926 ($ Thousands).

*	Non-income producing security.

**	The rate reported is the 7-day effective yield as of September 30, 2017.

^‡	Real Estate Investment Trust.

^†	Investment in Affiliated Security (see Note 6).

^††	Narrow Industries are utilized for compliance purposes, whereas broad sectors are utilized for reporting.

(A)	Certain securities or partial positions of certain securities are on loan at September 30, 2017 (see Note 10). The total market value of securities on loan at September 30, 2017, was $18,513 ($ Thousands).

(B)	This security was purchased with cash collateral held from securities on loan (see Note 10). The total market value of such securities as of September 30, 2017 was $18,752 ($ Thousands).

ADR — American Depositary Receipt

Cl — Class

L.P. — Limited Partnership

S&P— Standard & Poor’s

The following is a list of the level of inputs used as of September 30, 2017, in valuing the Fund’s investments carried at value ($ Thousands):



Investments in Securities	Level 1		Level 2		Level 3		Total
Common Stock	$	1,420,685	$	–	$	–	$	1,420,685
Affiliated Partnership		–		18,752		–		18,752
Cash Equivalent		51,512		–		–		51,512


Total Investments in Securities	$	1,472,197	$	18,752	$	–	$	1,490,949



Other Financial Instruments	Level 1		Level 2		Level 3		Total
Futures Contracts *
Unrealized Appreciation	$	1	$	—	$	—	$	1


Total Other Financial Instruments	$	1	$	—	$	—	$	1

* Futures contracts are valued at the unrealized appreciation on the instrument.

For the year ended September 30, 2017, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the year ended September 30, 2017, there were no transfers between Level 2 and Level 3 assets and liabilities.

For more information on valuation inputs, see Note 2 — Significant Accounting Policies in Notes to Financial Statements.

Amounts designated as “—” are either $0 or have been rounded to $0.

The following is a summary of the Fund’s transactions with affiliates for the year ended September 30, 2017 ($ Thousands):


Security Description	Value 9/30/2016		Purchases at Cost		Proceeds from Sales			Realized Gain (Loss)			Change in Unrealized Appreciation (Depreciation)		Value 9/30/2017		Dividend Income
SEI Liquidity Fund, L.P.		$4,044		$182,934		$(168,226	)		$(1	)		$1		$18,752		$110
SEI Daily Income Trust, Government Fund, CI F		62,626		332,436		(343,550	)		—			—		51,512		273

Totals		$66,670		$515,370		$(511,776	)		$(1	)		$1		$70,264		$383

The accompanying notes are an integral part of the financial statements.


64		SEI Institutional Managed Trust / Annual Report / September 30, 2017

SUMMARY SCHEDULE OF INVESTMENTS

September 30, 2017

Tax-Managed Large Cap Fund

LOGO

^†Percentages are based on total investments. Includes investments held as collateral for securities held on loan (see Note 10).



Description	Percentage of Net Assets (%)	Shares		Market Value ($ Thousands)

COMMON STOCK — 95.6%

Consumer Discretionary — 13.8%
Amazon.com, Cl A*	1.1%		43,128	$	41,461
Dollar General	0.9		387,947		31,443
Home Depot	0.5		118,848		19,439
Lear	0.5		115,549		19,999
Lowe’s	1.4		639,720		51,139
Nike, Cl B	0.6		389,570		20,199
TJX	0.9		431,984		31,850
Other Securities (A)	7.9				293,494

					509,024


Consumer Staples — 7.7%
Colgate-Palmolive	0.5		260,311		18,964
CVS Health	0.9		397,990		32,365
JM Smucker	0.5		185,331		19,447
PepsiCo	0.5		177,686		19,800
Philip Morris International	0.7		237,485		26,363
Tyson Foods, Cl A	0.5		281,181		19,809
Other Securities	4.1				149,784

					286,532


Energy — 4.2%
Chevron	0.7		213,036		25,032
Other Securities (A)	3.5				130,263

					155,295


Financials — 16.4%
Bank of America	1.2		1,730,747		43,857
Citigroup	0.7		379,987		27,640
JPMorgan Chase	1.2		478,943		45,744
Moody’s	1.1		288,575		40,172
MSCI, Cl A	0.7		225,501		26,361
State Street	0.6		214,861		20,528
Wells Fargo	0.6		427,725		23,589
Other Securities (A)(B)	10.3				380,638

					608,529


Health Care — 16.3%
Amgen, Cl A	0.7		145,948		27,212



Description	Percentage of Net Assets (%)	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Becton Dickinson	1.5%		281,078	$	55,077
Biogen*	0.9		109,633		34,328
Celgene, Cl A*	1.0		245,980		35,869
Johnson & Johnson	1.5		434,135		56,442
Merck	0.6		327,650		20,979
Mettler Toledo International*	0.5		31,398		19,660
Pfizer	0.7		706,138		25,209
UnitedHealth Group	2.2		421,525		82,556
Other Securities	6.7				246,031

					603,363


Industrials — 9.1%
3M	1.2		213,078		44,725
Graco	0.7		211,588		26,171
Illinois Tool Works	1.0		260,216		38,502
Raytheon	0.5		106,117		19,799
Other Securities (A)	5.7				206,828

					336,025


Information Technology — 19.8%
Adobe Systems*	0.6		137,412		20,499
Alphabet, Cl A*	0.7		27,622		26,896
Alphabet, Cl C*	0.7		26,751		25,657
Apple	1.2		284,529		43,852
Applied Materials	0.7		507,844		26,454
Facebook, Cl A*	1.0		209,203		35,747
Intel	0.6		570,596		21,728
Intuit	0.6		156,005		22,175
Mastercard, Cl A	1.4		372,740		52,631
Microsoft	1.4		704,989		52,515
Texas Instruments	0.5		211,061		18,920
Visa, Cl A	1.2		417,202		43,906
Other Securities (A)	9.2				342,471

					733,451


Materials — 4.3%
International Paper	0.6		367,473		20,880
Sherwin-Williams, Cl A	0.8		78,752		28,196
Other Securities	2.9				111,747

					160,823


Real Estate — 1.7%
Crown Castle International^‡	0.5		198,875		19,884
Equinix^‡	0.5		41,936		18,716
Other Securities^‡	0.7				25,538

					64,138


Telecommunication Services — 0.7%
Other Securities	0.7				26,620


SEI Institutional Managed Trust / Annual Report / September 30, 2017		65

SUMMARY SCHEDULE OF INVESTMENTS

September 30, 2017

Tax-Managed Large Cap Fund (Concluded)



Description	Percentage of Net Assets (%)			Shares		Market Value ($ Thousands)
COMMON STOCK (continued)

Utilities — 1.6%
Other Securities		1.6	%			$	57,852


Total Common Stock (Cost $1,965,182) ($ Thousands)							3,541,652


RIGHTS — 0.0%
Other Securities		0.0					115


Total Rights (Cost $–) ($ Thousands)							115

				Shares

AFFILIATED PARTNERSHIP — 1.0%
SEI Liquidity Fund, L.P. 1.110% **^†(C)		1.0			36,830,858		36,832

Total Affiliated Partnership (Cost $36,829) ($ Thousands)							36,832

				Shares

CASH EQUIVALENT — 4.4%
SEI Daily Income Trust, Government Fund, Cl F 0.840% **^†		4.4			162,414,973		162,415

Total Cash Equivalent (Cost $162,415) ($ Thousands)							162,415


Total Investments in Securities —101.0% (Cost $2,164,426)($ Thousands)						$	3,741,014

Percentages are based on a Net Assets of $3,703,372 ($ Thousands).

*	Non-income producing security.

**	The rate reported is the 7-day effective yield as of September 30, 2017.

^‡	Real Estate Investment Trust.

^†	Investment in Affiliated Security (see Note 6).

(A)	Certain securities or partial positions of certain securities are on loan at September 30, 2017 (see Note 10). The total market value of securities on loan at September 30, 2017, was $36,073 ($ Thousands).

(B)	Security is a Master Limited Partnership. At September 30, 2017, such securities amounted to $6,910 ($ Thousands), or 0.19% of Net Assets (see Note 2).

(C)	This security was purchased with cash collateral held from securities on loan (see Note 10). The total market value of such securities as of September 30, 2017 was $36,832 ($ Thousands).

Cl — Class

L.P. — Limited Partnership

The following is a list of the level of inputs used as of September 30, 2017, in valuing the Fund’s investments and other financial instruments carried at value ($ Thousands):



Investments in Securities	Level 1		Level 2		Level 3		Total
Common Stock	$	3,541,652	$	–	$	–	$	3,541,652
Rights		–		115		–		115
Affiliated Partnership		–		36,832		–		36,832
Cash Equivalent		162,415		–		–		162,415


Total Investments in Securities	$	3,704,067	$	36,947	$	–	$	3,741,014

For the year ended September 30, 2017, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the year ended September 30, 2017, there were no transfers between Level 2 and Level 3 assets and liabilities.

For more information on valuation inputs, see Note 2 — Significant Accounting Policies in Notes to Financial Statements.

Amounts designated as “—” are either $0 or have been rounded to $0.

The following is a summary of the Fund’s transactions with affiliates for the year ended September 30, 2017 ($ Thousands):


Security Description	Value 9/30/2016		Purchases at Cost		Proceeds from Sales		Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)		Value 9/30/2017		Dividend Income
SEI Liquidity Fund, L.P.		$111,917		$340,014		$(415,097)		$(5)		$3		$36,832		$158
SEI Daily Income Trust, Government Fund, CI F		222,382		526,968		(586,935)		—		—		162,415		1,039

Totals		$334,299		$866,982		$(1,002,032)		$(5)		$3		$199,247		$1,197

The accompanying notes are an integral part of the financial statements.


66		SEI Institutional Managed Trust / Annual Report / September 30, 2017

SUMMARY SCHEDULE OF INVESTMENTS

September 30, 2017

S&P 500 Index Fund


^†Percentages are based on total investments. Includes investments held as collateral for securities held on loan (see Note 10).
Description	Percentage of Net Assets (%)			Shares		Market Value ($ Thousands)
COMMON STOCK — 97.9%

Consumer Discretionary — 11.6%
Amazon.com, Cl A*		1.7	%		14,249	$	13,698
Comcast, Cl A		0.8			168,596		6,488
Home Depot		0.9			42,245		6,910
McDonald’s		0.6			29,117		4,562
Walt Disney		0.7			55,453		5,466
Other Securities (A)		6.9					54,578

							91,702


Consumer Staples — 8.1%
Altria Group		0.5			68,973		4,374
Coca-Cola		0.8			137,549		6,191
PepsiCo		0.7			51,315		5,718
Philip Morris International		0.8			55,687		6,182
Procter & Gamble		1.0			91,408		8,316
Wal-Mart Stores		0.5			52,561		4,107
Other Securities		3.8					28,865

							63,753


Energy — 6.0%
Chevron		1.0			67,923		7,981
ExxonMobil		1.6			151,846		12,448
Schlumberger, Cl A		0.4			49,900		3,481
Other Securities (A)		3.0					23,251

							47,161


Financials — 14.3%
Bank of America		1.1			351,645		8,911
Berkshire Hathaway, Cl B*		1.6			68,917		12,634
Citigroup		0.9			97,851		7,118
JPMorgan Chase		1.5			126,100		12,044
Wells Fargo		1.1			160,115		8,830
Other Securities		8.1					63,530

							113,067


Health Care — 14.0%
AbbVie		0.6			57,168		5,080
Amgen, Cl A		0.6			26,229		4,890
Bristol-Myers Squibb		0.5			58,792		3,747
Celgene, Cl A*		0.5			28,105		4,098
Gilead Sciences		0.5			46,966		3,805


Description	Percentage of Net Assets (%)			Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Johnson & Johnson		1.6	%		96,154	$	12,501
Medtronic		0.5			48,672		3,785
Merck		0.8			97,974		6,273
Pfizer		1.0			213,856		7,635
UnitedHealth Group		0.9			34,628		6,782
Other Securities		6.5					51,584

							110,180


Industrials — 10.3%
3M		0.6			21,401		4,492
Boeing		0.6			19,941		5,069
General Electric		0.9			310,309		7,503
Honeywell International		0.5			27,351		3,877
Union Pacific		0.4			28,793		3,339
Other Securities (A)		7.3					56,862

							81,142


Information Technology — 22.7%
Alphabet, Cl A*		1.3			10,646		10,366
Alphabet, Cl C*		1.3			10,770		10,330
Apple		3.6			185,182		28,540
Broadcom		0.4			14,446		3,504
Cisco Systems		0.8			179,161		6,025
Facebook, Cl A*		1.8			85,009		14,525
Intel		0.8			168,363		6,411
International Business
Machines		0.6			30,733		4,459
Mastercard, Cl A		0.6			33,517		4,733
Microsoft		2.6			276,089		20,566
Nvidia		0.5			21,365		3,819
Oracle, Cl B		0.7			108,023		5,223
Visa, Cl A		0.9			65,518		6,895
Other Securities (A)		6.8					54,125

							179,521


Materials — 2.9%
DowDuPont		0.7			83,821		5,803
Other Securities		2.2					17,300

							23,103


Real Estate — 2.9%
Other Securities ‡		2.9					23,033


Telecommunication Services — 2.1%
AT&T		1.1			220,059		8,620
Verizon Communications		0.9			146,196		7,235
Other Securities (A)		0.1					943

							16,798


Utilities — 3.0%
Other Securities		3.0					24,060


Total Common Stock
(Cost $347,838) ($ Thousands)							773,520


SEI Institutional Managed Trust / Annual Report / September 30, 2017		67

SUMMARY SCHEDULE OF INVESTMENTS

September 30, 2017

S&P 500 Index Fund (Concluded)


Description	Percentage of Net Assets (%)			Shares		Market Value ($ Thousands)

U.S. TREASURY OBLIGATIONS — 0.1%
Other Securities (C)		0.1	%			$	805


Total U.S. Treasury Obligations (Cost $804) ($ Thousands)							805


AFFILIATED PARTNERSHIP — 0.5%
SEI Liquidity Fund, L.P. 1.110% **^†(B)		0.5			3,765,592		3,765


Total Affiliated Partnership (Cost $3,765) ($ Thousands)							3,765


Description	Percentage of Net Assets (%)			Shares		Market Value ($ Thousands)

CASH EQUIVALENT — 1.9%
SEI Daily Income Trust, Government Fund, Cl F 0.840% **^†		1.9	%		14,705,096	$	14,705


Total Cash Equivalent (Cost $14,705) ($ Thousands)							14,705


Total Investments in Securities — 100.4% (Cost $367,112)($ Thousands)						$	792,795

A list of the open futures contracts held by the Fund at September 30, 2017 is as follows:

Type of

Contract

Number of
Contracts
Long

Expiration
Date

Notional Amount
($ Thousands)

Value
($ Thousands)

Unrealized
Appreciation
($ Thousands)

S&P 500 Index E-MINI

130

Dec-2017

$16,048

$16,355

$307

Percentages are based on a Net Assets of $789,983 ($ Thousands).

*	Non-income producing security.

**	The rate reported is the 7-day effective yield as of September 30, 2017.

^‡	Real Estate Investment Trust.

^†	Investment in Affiliated Security (see Note 6).

(A)	Certain securities or partial positions of certain securities are on loan at September 30, 2017 (see Note 10). The total market value of securities on loan at September 30, 2017, was $3,681 ($ Thousands).

(B)	This security was purchased with cash collateral held from securities on loan (see Note 10). The total market value of such securities as of September 30, 2017 was $3,765 ($ Thousands).

(C)	Security, or portion thereof, has been pledged as collateral on open futures contracts.

Cl — Class

L.P.— Limited Partnership

S&P— Standard & Poor’s

The following is a list of the level of inputs used as of September 30, 2017, in valuing the Fund’s investments and other financial instruments carried at value ($ Thousands):



Investments in Securities	Level 1		Level 2		Level 3		Total

Common Stock	$	773,520	$	–	$	–	$	773,520
U.S. Treasury Obligations		–		805		–		805
Affiliated Partnership		–		3,765		–		3,765
Cash Equivalent		14,705		–		–		14,705


Total Investments in Securities	$	788,225	$	4,570	$	–	$	792,795




Other Financial Instruments	Level 1		Level 2		Level 3		Total

Futures Contracts*
Unrealized Appreciation	$	307	$	–	$	–	$	307


Total Other Financial Instruments	$	307	$	–	$	–	$	307

* Futures contracts are valued at the unrealized appreciation on the instrument.

For the year ended September 30, 2017, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the year ended September 30, 2017, there were no transfers between Level 2 and Level 3 assets and liabilities.

For more information on valuation inputs, see Note 2 — Significant Accounting Policies in Notes to Financial Statements.

Amounts designated as “—” are either $0 or have been rounded to $0.

The following is a summary of the Fund’s transactions with affiliates for the year ended September 30, 2017 ($ Thousands):


Security Description	Value 9/30/2016		Purchases at Cost		Proceeds from Sales		Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)		Value 9/30/2017		Dividend Income
SEI Liquidity Fund, L.P.		$3,172		$26,881		$(26,288)		$—		$—		$3,765		$14
SEI Daily Income Trust, Government Fund, CI F		15,141		191,132		(191,568)		—		—		14,705		81

Totals		$18,313		$218,013		$(217,856)		$—		$—		$18,470		$95

The accompanying notes are an integral part of the financial statements.


68		SEI Institutional Managed Trust / Annual Report / September 30, 2017

SUMMARY SCHEDULE OF INVESTMENTS

September 30, 2017

Small Cap Fund


^†Percentages are based on total investments. Includes investments held as collateral for securities held on loan (see Note 10).
Description	Percentage of Net Assets (%)			Shares		Market Value ($ Thousands)
COMMON STOCK — 92.8%

Consumer Discretionary — 13.1%
Cheesecake Factory		0.4	%		63,080	$	2,657
Jack in the Box		0.4			27,978		2,852
LCI Industries		0.6			32,196		3,730
LKQ*		0.6			99,001		3,563
Vail Resorts		0.6			15,431		3,520
William Lyon Homes, Cl A*(A)		0.4			110,745		2,546
Other Securities (A)		10.1					63,368

							82,236


Consumer Staples — 2.0%
Other Securities (A)		2.0					12,697


Energy — 2.8%
Gulfport Energy*		0.5			198,341		2,844
Other Securities (A)		2.3					14,790

							17,634


Financials — 14.0%
American Equity Investment Life Holding		0.6			125,128		3,639
Bank of the Ozarks		0.6			73,184		3,516
CNO Financial Group		0.4			113,252		2,643
First Commonwealth Financial		0.4			195,069		2,756
FNB (Pennsylvania)		0.5			231,314		3,245
Wintrust Financial		0.7			53,430		4,184
Other Securities ‡(A)		10.8					67,641

							87,624


Health Care — 15.0%
Acadia Healthcare, Cl A*(A)		0.7			90,254		4,310
AMN Healthcare Services*		0.7			99,284		4,537
Emergent BioSolutions*		0.4			66,147		2,676
Ligand Pharmaceuticals*(A)		1.2			54,936		7,480
Nektar Therapeutics, Cl A*		0.6			158,808		3,811


Description	Percentage of Net Assets (%)			Shares		Market Value ($Thousands)
COMMON STOCK (continued)
NeoGenomics*		0.4	%		244,825	$	2,725
Prestige Brands Holdings, Cl A*		0.7			86,511		4,333
Supernus Pharmaceuticals*		0.9			135,567		5,423
Teleflex		0.7			17,424		4,216
Other Securities (A)		8.7					54,241

							93,752


Industrials — 15.7%
Apogee Enterprises(A)		0.5			59,930		2,892
BWX Technologies, Cl W		0.5			51,997		2,913
Curtiss-Wright		0.4			26,938		2,816
Deluxe(A)		0.7			58,269		4,251
MasTec*		0.5			75,263		3,492
On Assignment*		0.6			68,303		3,667
Tetra Tech		0.5			67,866		3,159
WageWorks*		0.6			62,902		3,818
XPO Logistics*		0.9			80,947		5,487
Other Securities (A)		10.5					66,084

							98,579


Information Technology — 20.6%
Acxiom*		0.5			121,038		2,982
Blackhawk Network Holdings, Cl A*		0.9			133,923		5,866
CalAmp*		0.7			198,008		4,604
Callidus Software*		0.5			119,013		2,934
Cornerstone OnDemand*		0.4			67,965		2,760
Criteo ADR*(A)		0.6			85,711		3,557
Electronics For Imaging*		0.4			60,584		2,586
Finisar*		0.5			134,364		2,979
FireEye*(A)		0.6			212,285		3,560
Integrated Device Technology*		0.6			131,459		3,494
j2 Global		0.5			39,377		2,909
MAXIMUS		1.0			98,463		6,351
ON Semiconductor*		0.8			261,871		4,837
Stamps.com*		0.9			28,622		5,800
STMicroelectronics, Cl Y		0.5			164,357		3,192
Other Securities (A)		11.2					70,887

							129,298


Materials — 3.2%
US Concrete*(A)		0.4			34,169		2,607
Other Securities (A)		2.8					17,520

							20,127


Real Estate — 3.7%
Equity Commonwealth*^‡		0.4			91,782		2,790
Park Hotels & Resorts^‡		0.4			92,933		2,561
Other Securities^‡(A)		2.9					18,073

							23,424


Telecommunication Services — 0.2%
Other Securities (A)		0.2					1,330


Utilities — 2.5%
ALLETE		0.5			38,381		2,966


SEI Institutional Managed Trust / Annual Report / September 30, 2017		69

SUMMARY SCHEDULE OF INVESTMENTS

September 30, 2017

Small Cap Fund (Concluded)




Description	Percentage of Net Assets (%)			Shares	Market Value ($ Thousands)


COMMON STOCK (continued)
Other Securities		2.0	%		$	12,851

						15,817

Total Common Stock (Cost $503,440) ($ Thousands)						582,518


RIGHTS — 0.0%
Other Securities		0.0				—


Total Rights (Cost $–) ($ Thousands)						—




Description	Percentage of Net Assets (%)			Shares		Market Value ($ Thousands)


AFFILIATED PARTNERSHIP — 9.7%
SEI Liquidity Fund, L.P. 1.110% **^†(B)		9.7	%		60,703,060	$	60,702

Total Affiliated Partnership (Cost $60,702) ($ Thousands)							60,702


CASH EQUIVALENT — 7.2%
SEI Daily Income Trust, Government Fund, Cl F 0.840% **^†		7.2			45,088,888		45,089


Total Cash Equivalent (Cost $45,089) ($ Thousands)							45,089


Total Investments in Securities — 109.7% (Cost $609,231)($ Thousands)						$	688,309

A list of the open futures contracts held by the Fund at September 30, 2017 is as follows:

Type of

Contract

Number of
Contracts
Long

Expiration
Date

Notional Amount
($ Thousands)

Value
($ Thousands)

Unrealized
Appreciation
($ Thousands)

Russell 2000 Index E-MINI

266

Dec-2017

$18,878

$19,856

$978

Percentages are based on a Net Assets of $627,490 ($ Thousands).

*	Non-income producing security.

**	The rate reported is the 7-day effective yield as of September 30, 2017.

^‡	Real Estate Investment Trust.

^†	Investment in Affiliated Security (see Note 6).

(A)	Certain securities or partial positions of certain securities are on loan at September 30, 2017 (see Note 10). The total market value of securities on loan at September 30, 2017, was $59,669 ($ Thousands).

(B)	This security was purchased with cash collateral held from securities on loan (see Note 10). The total market value of such securities as of September 30, 2017 was $60,702 ($ Thousands).

ADR — American Depositary Receipt

Cl — Class

L.P. — Limited Partnership

The following is a list of the level of inputs used as of September 30, 2017, in valuing the Fund’s investments and other financial instruments carried at value ($ Thousands):



Investments in Securities	Level 1		Level 2		Level 3		Total

Common Stock	$	582,518	$	–	$	–	$	582,518
Rights		–		–		–		–
Affiliated Partnership		–		60,702		–		60,702
Cash Equivalent		45,089		–		–		45,089


Total Investments in Securities	$	627,607	$	60,702	$	–	$	688,309



Other Financial Instruments	Level 1		Level 2		Level 3		Total

Futures Contracts *
Unrealized Appreciation	$	978	$	—	$	—	$	978

Total Other Financial Instruments	$	978	$	—	$	—	$	978

*	Futures contracts are valued at the unrealized appreciation on the instrument.

For the year ended September 30, 2017, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the year ended September 30, 2017, there were no transfers between Level 2 and Level 3 assets and liabilities.

For more information on valuation inputs, see Note 2 — Significant Accounting Policies in Notes to Financial Statements.

Amounts designated as “—” are either $0 or have been rounded to $0.


70		SEI Institutional Managed Trust / Annual Report / September 30, 2017

The following is a summary of the Fund’s transactions with affiliates for the year ended September 30, 2017 ($ Thousands):


Security Description	Value 9/30/2016		Purchases at Cost		Proceeds from Sales		Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)		Value 9/30/2017		Dividend Income
SEI Liquidity Fund, L.P.		$52,352		$191,557		$(183,206)		$(1)		$—		$60,702		$698
SEI Daily Income Trust, Government Fund, CI F		35,775		196,946		(187,632)		—		—		45,089		199

Totals		$88,127		$388,503		$(370,838)		$(1)		$—		$105,791		$897

The accompanying notes are an integral part of the financial statements.


SEI Institutional Managed Trust / Annual Report / September 30, 2017			71

SUMMARY SCHEDULE OF INVESTMENTS

September 30, 2017

Small Cap Value Fund

LOGO

^†Percentages are based on total investments. Includes investments held as collateral for securities held on loan (see Note 10).



Description	Percentage of Net Assets (%)	Shares		Market Value ($ Thousands)
COMMON STOCK ^††— 94.7%

Consumer Discretionary — 10.0%
Big Lots(A)	0.6%		40,025	$	2,144
Dana	0.5		68,012		1,902
Lithia Motors, Cl A	0.7		21,621		2,601
Nexstar Media Group, Cl A	0.6		34,887		2,174
Six Flags Entertainment	0.6		37,170		2,265
Other Securities (A)	7.0				27,876

					38,962


Consumer Staples — 3.7%
Sanderson Farms(A)	0.7		17,233		2,783
Other Securities	3.0				11,389

					14,172


Energy — 4.8%
Callon Petroleum*	0.6		188,970		2,124
Gulfport Energy*	0.5		136,226		1,953
Parsley Energy, Cl A*	0.5		77,491		2,041
PBF Energy, Cl A(A)	0.6		89,631		2,475
Other Securities (A)	2.6				10,208

					18,801


Financials — 26.8%
American Equity Investment Life Holding	0.9		120,011		3,490
BGC Partners, Cl A	0.7		193,233		2,796
Central Pacific Financial	0.5		58,078		1,869
CNO Financial Group	0.8		137,691		3,214
Columbia Banking System	0.8		70,409		2,965
First Commonwealth Financial	0.8		207,955		2,938
FNB (Pennsylvania)	0.7		184,733		2,592
Fulton Financial	0.6		120,960		2,268
Hanover Insurance Group, Cl A	0.6		22,241		2,156
IBERIABANK	0.7		31,303		2,572
MB Financial	0.8		69,136		3,113
MGIC Investment*	0.5		166,948		2,092
OFG Bancorp	0.5		224,695		2,056
Old National Bancorp, Cl A	0.6		123,994		2,269



Description	Percentage of Net Assets (%)	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
PacWest Bancorp	1.0%		75,057	$	3,791
South State	0.6		24,795		2,233
Starwood Property Trust^‡	0.7		133,544		2,901
Other Securities ^‡(A)	15.0				58,725

					104,040


Health Care — 4.8%
Lannett*(A)	0.6		128,997		2,380
Ligand Pharmaceuticals*(A)	0.9		26,481		3,605
Other Securities (A)	3.3				12,674

					18,659


Industrials — 15.4%
Atlas Air Worldwide Holdings*	0.5		29,603		1,948
BWX Technologies, Cl W	0.6		39,855		2,233
Genesee & Wyoming, Cl A*	0.8		43,712		3,235
ITT	0.6		49,796		2,204
KAR Auction Services	0.7		60,201		2,874
Meritor*	0.5		77,991		2,029
Teledyne Technologies*	0.8		18,161		2,891
Other Securities (A)	10.9				42,525

					59,939


Information Technology — 11.6%
ACI Worldwide*	0.5		83,964		1,913
IAC*	0.9		30,606		3,599
Sanmina*	0.7		74,103		2,753
Tech Data*	0.5		23,227		2,064
Other Securities (A)	9.0				34,943

					45,272


Materials — 6.2%
FMC	0.7		32,353		2,889
Silgan Holdings	0.8		99,914		2,940
Valvoline	0.7		110,805		2,598
Other Securities (A)	4.0				15,748

					24,175


Real Estate — 7.6%
Gaming and Leisure Properties^‡	0.6		60,524		2,233
Getty Realty^‡	0.5		65,648		1,878
Howard Hughes*	0.6		20,585		2,428
Medical Properties Trust^‡(A)	0.6		174,357		2,289
Other Securities ^‡(A)	5.3				20,733

					29,561


Telecommunication Services — 0.2%
Other Securities (A)	0.2				821


Utilities — 3.6%
ALLETE	0.5		25,691		1,986
PNM Resources	0.5		51,658		2,082
Portland General Electric	0.6		47,923		2,187


72		SEI Institutional Managed Trust / Annual Report / September 30, 2017



Description	Percentage of Net Assets (%)	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Other Securities	2.0%			$	7,788

					14,043


Total Common Stock (Cost $303,165) ($ Thousands)					368,445

AFFILIATED PARTNERSHIP — 8.5%
SEI Liquidity Fund, L.P. 1.110% **^†(B)	8.5		33,168,176		33,169


Total Affiliated Partnership (Cost $33,168) ($ Thousands)					33,169



Description	Percentage of Net Assets (%)	Shares		Market Value ($ Thousands)
CASH EQUIVALENT — 3.1%
SEI Daily Income Trust, Government Fund, Cl F 0.840% **†	3.1%		11,855,222	$	11,855


Total Cash Equivalent (Cost $11,855) ($ Thousands)					11,855


Total Investments in Securities — 106.3% (Cost $348,188)($ Thousands)				$	413,469

A list of the open futures contracts held by the Fund at September 30, 2017 is as follows:

Type of

Contract

Number of
Contracts
Long

Expiration
Date

Notional Amount
($ Thousands)

Value
($ Thousands)

Unrealized
Appreciation)
($ Thousands)

Russell 2000 Index E-MINI

Dec-2017

$3,724

$3,732

Percentages are based on a Net Assets of $389,005 ($ Thousands).

*	Non-income producing security.

**	The rate reported is the 7-day effective yield as of September 30, 2017.

^‡	Real Estate Investment Trust.

^†	Investment in Affiliated Security (see Note 6).

^†^†	Narrow Industries are utilized for compliance purposes, whereas broad sectors are utilized for reporting.

(A)	Certain securities or partial positions of certain securities are on loan at September 30, 2017 (see Note 10). The total market value of securities on loan at September 30, 2017, was $32,558 ($ Thousands).

(B)	This security was purchased with cash collateral held from securities on loan (see Note 10). The total market value of such securities as of September 30, 2017 was $33,169 ($ Thousands).

Cl — Class

L.P. — Limited Partnership

The following is a list of the level of inputs used as of September 30, 2017, in valuing the Fund’s investments and other financial instruments carried at value ($ Thousands):


Investments in Securities	Level 1		Level 2		Level 3		Total
Common Stock	$	368,445	$	–	$	–	$	368,445
Affiliated Partnership		–		33,169		–		33,169
Cash Equivalent		11,855		–		–		11,855


Total Investments in Securities	$	380,300	$	33,169	$	–	$	413,469


Other Financial Instruments	Level 1		Level 2		Level 3		Total
Futures Contracts *
Unrealized Appreciation	$	8	$	—	$	—	$	8


Total Other Financial Instruments	$	8	$	—	$	—	$	8

*	Futures contracts are valued at the unrealized appreciation on the instrument.

For the year ended September 30, 2017, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the year ended September 30, 2017, there were no transfers between Level 2 and Level 3 assets and liabilities.

For more information on valuation inputs, see Note 2 — Significant Accounting Policies in Notes to Financial Statements.

Amounts designated as “—” are either $0 or have been rounded to $0.

The following is a summary of the Fund’s transactions with affiliates for the year ended September 30, 2017 ($ Thousands):


Security Description	Value 9/30/2016		Purchases at Cost		Proceeds from Sales			Realized Gain (Loss)			Change in Unrealized Appreciation (Depreciation)		Value 9/30/2017		Dividend Income
SEI Liquidity Fund, L.P.		$104,013		$162,697		$(233,540	)		$(2	)		$1		$33,169		$511
SEI Daily Income Trust, Government Fund, CI F		17,700		114,773		(120,618	)		—			—		11,855		97

Totals		$121,713		$277,470		$(354,158	)		$(2	)		$1		$45,024		$608

The accompanying notes are an integral part of the financial statements.


SEI Institutional Managed Trust / Annual Report / September 30, 2017			73

SUMMARY SCHEDULE OF INVESTMENTS

September 30, 2017

Small Cap Growth Fund

LOGO

^†Percentages are based on total investments. Includes investments held as collateral for securities held on loan (see Note 10).



Description	Percentage of Net Assets (%)			Shares		Market Value ($ Thousands)
COMMON STOCK^†† — 95.1%

Consumer Discretionary — 11.5%
Bright Horizons Family Solutions*		0.8	%		33,451	$	2,884
Grand Canyon Education*		0.7			27,520		2,499
Ollie’s Bargain Outlet Holdings*		0.9			64,996		3,016
Planet Fitness, Cl A		1.1			134,274		3,623
Sally Beauty Holdings*		0.6			102,708		2,011
Other Securities (A)		7.4					25,469

							39,502


Consumer Staples — 1.3%
Other Securities (A)		1.3					4,488


Energy — 0.9%
Other Securities		0.9					3,153


Financials — 4.6%
Eagle Bancorp*		0.7			36,867		2,472
Wintrust Financial		0.8			36,144		2,830
Other Securities (A)(B)(C)(D)(E)		3.1					10,582

							15,884


Health Care — 23.4%
Acadia Healthcare, Cl A*(A)		0.6			45,812		2,188
AMN Healthcare Services*		0.9			66,240		3,027
Exact Sciences*		0.7			54,254		2,556
Immunomedics*(A)		0.6			153,846		2,151
Medidata Solutions*		0.8			36,231		2,828
Nevro*		0.6			22,100		2,008
Omnicell*		0.6			38,959		1,989
PRA Health Sciences*		0.9			39,282		2,992
Prestige Brands Holdings, Cl A*		0.9			59,148		2,963
Supernus Pharmaceuticals*		0.8			64,200		2,568
Vocera Communications*		0.7			75,566		2,371
Other Securities (A)		15.3					52,677

							80,318



Description	Percentage of Net Assets (%)			Shares		Market Value ($ Thousands)
COMMON STOCK (continued)

Industrials — 20.8%
Air Transport Services Group*		0.7	%		97,075	$	2,363
Apogee Enterprises		0.6			39,805		1,921
Deluxe		1.0			47,514		3,467
Healthcare Services Group		0.8			51,806		2,796
Heartland Express		0.6			84,262		2,113
Heritage-Crystal Clean*		0.6			91,560		1,991
John Bean Technologies, Cl A		1.3			44,960		4,545
Kennametal		0.6			49,212		1,985
MasTec*		0.6			43,610		2,023
Mercury Systems*		1.1			69,272		3,594
On Assignment*		0.6			38,770		2,081
SP Plus*		0.7			57,255		2,262
TriNet Group*		0.7			73,375		2,467
WageWorks*		0.7			38,501		2,337
XPO Logistics*		0.8			41,710		2,827
Other Securities (A)		9.4					32,469

							71,241


Information Technology — 28.8%
2U*		0.6			36,798		2,062
Blackhawk Network Holdings, Cl A*		0.9			67,636		2,962
CalAmp*		0.6			87,333		2,030
Callidus Software*		0.9			125,475		3,093
Cognex		0.6			19,477		2,148
Coherent*		0.6			9,157		2,153
Euronet Worldwide*		0.9			30,800		2,920
Exa*		0.6			80,693		1,951
FireEye*(A)		0.9			178,365		2,991
Littelfuse		1.0			17,690		3,465
LogMeIn		0.8			24,792		2,728
MAXIMUS		0.6			32,564		2,100
Monolithic Power Systems		1.0			32,645		3,478
Proofpoint*(A)		0.5			21,450		1,871
Q2 Holdings*		0.8			63,388		2,640
RingCentral, Cl A*		0.9			76,857		3,209
Other Securities (A)		16.6					56,979

							98,780


Materials — 2.2%
Summit Materials, Cl A*		0.7			72,333		2,317
Other Securities		1.5					5,087

							7,404


Real Estate — 1.4%
Other Securities ^‡(A)		1.4					4,981


74		SEI Institutional Managed Trust / Annual Report / September 30, 2017



Description	Percentage of Net Assets (%)			Shares	Market Value ($ Thousands)
COMMON STOCK (continued)

Telecommunication Services — 0.2%
Other Securities		0.2	%		$	776


Total Common Stock (Cost $275,937) ($ Thousands)						326,527


RIGHTS — 0.0%
Other Securities (C)		0.0				—


Total Rights (Cost $–) ($ Thousands)						—



Description	Percentage of Net Assets (%)			Shares		Market Value ($ Thousands)
AFFILIATED PARTNERSHIP — 8.0%
SEI Liquidity Fund, L.P. 1.110% **^†(F)		8.0	%		27,404,461	$	27,403

Total Affiliated Partnership (Cost $27,404) ($ Thousands)							27,403


CASH EQUIVALENT — 3.7%
SEI Daily Income Trust, Government Fund, Cl F 0.840% **†		3.7			12,752,780		12,753

Total Cash Equivalent (Cost $12,753) ($ Thousands)							12,753


Total Investments in Securities — 106.8% (Cost $316,094)($ Thousands)						$	366,683

A list of the open futures contracts held by the Fund at September 30, 2017, is as follows:

Type of

Contract

Number of
Contracts
Long

Expiration
Date

Notional Amount
($ Thousands)

Value
($ Thousands)

Unrealized
Appreciation
($ Thousands)

Russell 2000 Index E-MINI

Dec-2017

$1,043

$1,045

Percentages are based on Net Assets of $343,284 ($ Thousands).

*	Non-income producing security.

**	Rate shown is the 7-day effective yield as of September 30, 2017.

^‡	Real Estate Investment Trust.

^†	Investment in Affiliated Security (see Note 6).

^††	Narrow Industries are utilized for compliance purposes, whereas broad sectors are utilized for reporting.

(A)	Certain securities or partial positions of certain securities are on loan at September 30, 2017 (see Note 10). The total market value of securities on loan at September 30, 2017 was $27,115 ($ Thousands).

(B)	Security fair valued using methods determined in good faith by the Valuation Committee of the Board of Trustees. The total market value of such securities as of September 30, 2017 was $61 ($ Thousands) and represented 0.0% of the Net Assets of the Fund.

(C)	Level 3 security in accordance with fair value hierarchy.

(D)	Securities considered illiquid. The total value of such securities as of September 30, 2017 was $61 ($ Thousands) and represented 0.0% of the Net Assets of the Fund.

(E)	Securities considered restricted. The total market value of such securities as of September 30, 2017 was $61 ($ Thousands) and represented 0.0% of the Net Assets of the Fund.

(F)	This security was purchased with cash collateral held from securities on loan (see Note 10). The total market value of such securities as of September 30, 2017 was $27,403 ($ Thousands).

Cl — Class

L.P. — Limited Partnership

The following is a list of the level of inputs used as of September 30, 2017, in valuing the Fund’s investments and other financial instruments carried at value ($ Thousands):


Investments in Securities	Level 1		Level 2		Level 3⁽¹⁾		Total
Common Stock	$	326,466	$	–	$	61	$	326,527
Rights		–		–		–		–
Affiliated Partnership		–		27,403		–		27,403
Cash Equivalent		12,753		–		–		12,753

Total Investments in Securities	$	339,219	$	27,403	$	61	$	366,683


Other Financial Instruments	Level 1		Level 2		Level 3		Total
Futures Contracts *
Unrealized Appreciation	$	2	$	—	$	—	$	2

Total Other Financial Instruments	$	2	$	—	$	—	$	2

*	Futures contracts are valued at the unrealized appreciation on the instrument.

(1) A reconciliation of Level 3 investments is presented when the Fund has a significant amount of Level 3 investments at the beginning and/or end of the period in relation to the net assets. Management has concluded that Level 3 investments are not material in relation to net assets.

For the year ended September 30, 2017, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the year ended September 30, 2017, there were no transfers between Level 2 and Level 3 assets and liabilities.

For more information on valuation inputs, see Note 2 — Significant Accounting Policies in Notes to Financial Statements.

Amounts designated as “—” are either $0 or have been rounded to $0.


SEI Institutional Managed Trust / Annual Report / September 30, 2017			75

SUMMARY SCHEDULE OF INVESTMENTS

September 30, 2017

Small Cap Growth Fund (Concluded)

The following is a summary of the Fund’s transactions with affiliates for the year ended September 30, 2017 ($ Thousands):


Security Description	Value 9/30/2016		Purchases at Cost		Proceeds from Sales		Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)		Value 9/30/2017		Dividend Income
SEI Liquidity Fund, L.P.		$31,161		$107,931		$(111,687)		$(1)		$(1)		$27,403		$557
SEI Daily Income Trust, Government Fund, CI F		12,401		105,328		(104,976)		—		—		12,753		72

Totals		$43,562		$213,259		$(216,663)		$(1)		$(1)		$40,156		$629

The accompanying notes are an integral part of the financial statements.


76		SEI Institutional Managed Trust / Annual Report / September 30, 2017

SUMMARY SCHEDULE OF INVESTMENTS

September 30, 2017

Tax-Managed Small/Mid Cap Fund

LOGO

^†Percentages are based on total investments. Includes investments held as collateral for securities held on loan (see Note 10).



Description	Percentage of Net Assets (%)			Shares		Market Value ($ Thousands)
COMMON STOCK — 94.5%

Consumer Discretionary — 10.9%
Big Lots(A)		0.4	%		62,582	$	3,352
Lithia Motors, Cl A(A)		0.8			53,748		6,466
Six Flags Entertainment		0.7			94,131		5,736
Skechers U.S.A., Cl A*		0.4			144,632		3,629
Vail Resorts		0.4			16,565		3,779
Other Securities(A)		8.2					70,154

							93,116


Consumer Staples — 3.1%
Other Securities(A)		3.1					26,470


Energy — 3.8%
PBF Energy, Cl A(A)		0.5			153,336		4,234
RSP Permian*		0.5			114,471		3,959
Other Securities(A)		2.8					24,196

							32,389


Financials — 19.0%
American Equity Investment Life Holding		0.5			160,817		4,677
BGC Partners, Cl A		0.6			327,534		4,739
Capitol Federal Financial		0.4			221,123		3,251
Columbia Banking System		0.5			95,842		4,036
East West Bancorp		0.4			57,713		3,450
Everest Re Group		0.4			13,363		3,052
Green Dot, Cl A*		0.6			111,315		5,519
Hanover Insurance Group, Cl A		0.4			34,803		3,373
MB Financial		0.9			161,930		7,290
PacWest Bancorp		0.8			143,406		7,243
Selective Insurance Group		0.4			56,285		3,031
SLM*		0.4			260,629		2,989
South State		0.4			41,797		3,764
Starwood Property Trust‡		0.6			224,339		4,873
Western Alliance Bancorp*		0.4			71,507		3,796
Zions Bancorporation		0.5			97,856		4,617



Description	Percentage of Net Assets (%)			Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Other Securities^‡(A)		10.8	%			$	93,395

							163,095


Health Care — 9.4%
Align Technology*		0.4			19,671		3,664
Chemed		0.4			14,754		2,981
Ligand Pharmaceuticals*(A)		1.1			65,105		8,864
PRA Health Sciences*		0.4			48,881		3,723
Other Securities(A)		7.1					60,964

							80,196


Industrials — 16.0%
Atlas Air Worldwide Holdings*		0.4			50,906		3,350
BWX Technologies, Cl W		0.8			120,611		6,757
Crane, Cl A		0.4			40,914		3,273
Genesee & Wyoming, Cl A*		0.9			108,236		8,011
Kaman, Cl A		0.4			58,958		3,289
KAR Auction Services		0.4			85,739		4,093
Meritor*		0.4			119,937		3,120
Owens Corning		0.4			42,973		3,324
Teledyne Technologies*		0.4			20,481		3,260
Other Securities(A)		11.5					98,822

							137,299


Information Technology — 17.3%
ACI Worldwide*		0.4			169,259		3,856
IAC*		1.2			84,810		9,972
j2 Global		0.4			43,501		3,214
Littelfuse		0.4			16,324		3,198
RingCentral, Cl A*		0.4			86,143		3,596
Silicon Motion Technology ADR(A)		0.4			76,065		3,653
Take-Two Interactive Software, Cl A*		0.5			46,012		4,704
VeriFone Holdings*		0.4			177,965		3,609
Other Securities(A)		13.2					112,723

							148,525


Materials — 6.0%
FMC		1.1			102,396		9,145
Silgan Holdings		0.3			104,708		3,082
Other Securities(A)		4.6					39,661

							51,888


Real Estate — 6.6%
CoreCivic^‡		0.4			115,755		3,099
Gaming and Leisure Properties^‡		0.4			89,751		3,311
Howard Hughes*		0.5			36,098		4,257
Medical Properties Trust^‡(A)		0.5			314,009		4,123
Other Securities^‡(A)		4.8					41,589

							56,379


Telecommunication Services — 0.3%
Other Securities		0.3					3,007


SEI Institutional Managed Trust / Annual Report / September 30, 2017		77

SUMMARY SCHEDULE OF INVESTMENTS

September 30, 2017

Tax-Managed Small/Mid Cap Fund (Concluded)



Description	Percentage of Net Assets (%)			Shares	Market Value ($ Thousands)
COMMON STOCK (continued)

Utilities — 2.1%
Other Securities		2.1	%		$	17,993


Total Common Stock (Cost $510,394) ($ Thousands)						810,357


RIGHTS — 0.0%
Other Securities		0.0				12


Total Rights (Cost $–) ($ Thousands)						12



Description	Percentage of Net Assets (%)			Shares		Market Value ($ Thousands)
AFFILIATED PARTNERSHIP — 9.0%
SEI Liquidity Fund, L.P. 1.110% **^†(B)		9.0	%		76,978,282	$	76,976

Total Affiliated Partnership (Cost $76,977) ($ Thousands)							76,976


CASH EQUIVALENT — 5.5%
SEI Daily Income Trust, Government Fund, Cl F 0.840% **†		5.5			47,191,647		47,192


Total Cash Equivalent (Cost $47,192) ($ Thousands)							47,192


Total Investments in Securities — 109.0% (Cost $634,563)($ Thousands)						$	934,537

A list of the open futures contracts held by the Fund at September 30, 2017, are as follows:


Type of Contract	Number of Contracts Long		Expiration Date		Notional Amount ($ Thousands)		Value ($ Thousands)		Unrealized Appreciation ($ Thousands)
Russell 2000 Index E-MINI		14		Dec-2017		$994		$1,046		$52
S&P Mid Cap 400 Index E-MINI		7		Dec-2017		1,203		1,257		54

						$2,197		$2,303		$106

Percentages are based on a Net Assets of $857,632 ($ Thousands).

*	Non-income producing security.

**	The rate reported is the 7-day effective yield as of September 30, 2017.

^‡	Real Estate Investment Trust.

^†	Investment in Affiliated Security (see Note 6).

(A)	Certain securities or partial positions of certain securities are on loan at September 30, 2017 (see Note 10). The total market value of securities on loan at September 30, 2017, was $75,724 ($ Thousands).

(B)	This security was purchased with cash collateral held from securities on loan (see Note 10). The total market value of such securities as of September 30, 2017 was $76,976 ($ Thousands).

ADR — American Depositary Receipt

Cl — Class

L.P. — Limited Partnership

S&P — Standard & Poor’s

The following is a list of the level of inputs used as of September 30, 2017, in valuing the Fund’s investments and other financial instruments carried at value ($ Thousands):


Investments in Securities	Level 1		Level 2		Level 3		Total
Common Stock	$	810,357	$	–	$	–	$	810,357
Rights		–		12		–		12
Affiliated Partnership		–		76,976		–		76,976
Cash Equivalent		47,192		–		–		47,192


Total Investments in Securities	$	857,549	$	76,988	$	–	$	934,537


Other Financial Instruments	Level 1		Level 2		Level 3		Total
Futures Contracts *
Unrealized Appreciation	$	106	$	—	$	—	$	106


Total Other Financial Instruments	$	106	$	—	$	—	$	106

*	Futures contracts are valued at unrealized appreciation on the instrument.

For the year ended September 30, 2017, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the year ended September 30, 2017, there were no transfers between Level 2 and Level 3 assets and liabilities.

For more information on valuation inputs, see Note 2 — Significant Accounting Policies in Notes to Financial Statements.

Amounts designated as “—” are either $0 or have been rounded to $0.


78		SEI Institutional Managed Trust / Annual Report / September 30, 2017

The following is a summary of the Fund’s transactions with affiliates for the year ended September 30, 2017 ($ Thousands):


Security Description	Value 9/30/2016		Purchases at Cost		Proceeds from Sales			Realized Gain (Loss)			Change in Unrealized Appreciation (Depreciation)			Value 9/30/2017		Dividend Income
SEI Liquidity Fund, L.P.		$180,708		$431,952		$(535,679	)		$(4	)		$(1	)		$76,976		$925
SEI Daily Income Trust, Government Fund, CI F		33,689		152,805		(139,302	)		–			–			47,192		207

Totals		$214,397		$584,757		$(674,981	)		$(4	)		$(1	)		$124,168		$1,132

The accompanying notes are an integral part of the financial statements.


SEI Institutional Managed Trust / Annual Report / September 30, 2017			79

SUMMARY SCHEDULE OF INVESTMENTS

September 30, 2017

Mid-Cap Fund

LOGO

^†Percentages are based on total investments. Includes investments held as collateral for securities held on loan (see Note 10).



Description	Percentage of Net Assets (%)			Shares		Market Value ($ Thousands)
COMMON STOCK — 95.9%

Consumer Discretionary — 14.1%
Adient		0.7	%		9,400	$	790
Best Buy		0.8			17,000		968
Hilton Worldwide Holdings		0.7			11,900		826
Lear		0.8			5,300		917
LKQ*		0.7			22,200		799
NVR*		0.8			340		971
PVH		0.7			6,500		819
Ross Stores		0.7			12,000		775
Royal Caribbean Cruises		0.9			8,300		984
Yum China Holdings*		0.7			20,900		835
Other Securities(A)		6.6					7,625

							16,309


Consumer Staples — 3.3%
Dr Pepper Snapple Group		0.7			8,700		770
Tyson Foods, Cl A		0.9			14,100		993
Other Securities		1.7					2,066

							3,829


Energy — 4.0%
Andeavor		0.7			8,100		836
Devon Energy		0.8			26,300		965
Marathon Petroleum		0.9			19,500		1,094
Other Securities		1.6					1,778

							4,673


Financials — 12.4%
Ameriprise Financial		0.8			6,600		980
Citizens Financial Group		0.8			24,600		932
Comerica		0.7			11,100		847
Fifth Third Bancorp		0.8			31,900		893
Lincoln National		0.7			11,800		867
Regions Financial		0.8			57,000		868
Unum Group		0.8			17,200		879
Other Securities^‡		7.0					8,010

							14,276


Health Care — 10.7%
Agilent Technologies		0.8			14,600		937



Description	Percentage of Net Assets (%)			Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Centene*		0.9	%		10,600	$	1,026
Cerner*		0.9			14,700		1,048
IDEXX Laboratories*		0.7			5,300		824
Mylan*		0.7			25,400		797
Zoetis, Cl A		1.0			18,000		1,148
Other Securities		5.7					6,580

							12,360


Industrials — 12.2%
Cummins		0.8			5,800		975
Huntington Ingalls Industries, Cl A		0.8			4,200		951
Ingersoll-Rand		0.8			10,100		901
Orbital ATK		0.7			5,900		786
Spirit AeroSystems Holdings, Cl A		0.8			12,000		933
United Rentals*		0.7			5,700		791
Other Securities		7.6					8,788

							14,125


Information Technology — 16.6%
Applied Materials		0.7			15,000		781
Cadence Design Systems*		0.7			19,800		781
CDW		0.7			11,700		772
Electronic Arts*		0.7			6,600		779
KLA-Tencor		0.8			8,300		880
Lam Research		1.0			6,300		1,166
Skyworks Solutions		0.8			9,000		917
Symantec, Cl A		0.8			29,000		951
Synopsys*		0.7			10,500		845
Total System Services		0.7			12,200		799
Other Securities		9.0					10,452

							19,123


Materials — 6.5%
WestRock		0.7			13,700		777
Other Securities		5.8					6,688

							7,465


Real Estate — 8.5%
CBRE Group, Cl A*		0.7			21,000		795
ProLogis^‡		0.8			14,600		926
Other Securities^‡		7.0					8,058

							9,779


Telecommunication Services — 0.6%
Other Securities		0.6					722


Utilities — 7.0%
DTE Energy		0.7			7,800		837
Eversource Energy		0.7			13,700		828
PPL		0.8			25,100		953
Other Securities		4.8					5,487

							8,105

Total Common Stock (Cost $96,800) ($ Thousands)							110,766


80		SEI Institutional Managed Trust / Annual Report / September 30, 2017



Description	Percentage of Net Assets (%)			Shares		Market Value ($ Thousands)
AFFILIATED PARTNERSHIP — 0.0%
SEI Liquidity Fund, L.P. 1.110% **^†(B)		0.0	%		52,107	$	52

Total Affiliated Partnership (Cost $52) ($ Thousands)							52



Description	Percentage of Net Assets (%)			Shares		Market Value ($ Thousands)
CASH EQUIVALENT — 4.0%
SEI Daily Income Trust, Government Fund, Cl F 0.840% **†		4.0	%		4,669,400	$	4,669


Total Cash Equivalent (Cost $4,669) ($ Thousands)							4,669


Total Investments in Securities — 99.9% (Cost $101,521)($ Thousands)						$	115,487

A list of the open futures contracts held by the Fund at September 30, 2017 is as follows:

Type of

Contract

Number of
Contracts
Long

Expiration
Date

Notional Amount
($ Thousands)

Value
($ Thousands)

Unrealized
Appreciation
($ Thousands)

S&P Mid Cap 400 Index E-MINI

Dec-2017

$859

$898

$39

Percentages are based on a Net Assets of $115,554 ($ Thousands).

*	Non-income producing security.

**	The rate reported is the 7-day effective yield as of September 30, 2017.

^‡	Real Estate Investment Trust.

^†	Investment in Affiliated Security (see Note 6).

(A)	Certain securities or partial positions of certain securities are on loan at September 30, 2017 (see Note 10). The total market value of securities on loan at September 30, 2017, was $52 ($ Thousands).

(B)	This security was purchased with cash collateral held from securities on loan (see Note 10). The total market value of such securities as of September 30, 2017 was $52 ($ Thousands).

Cl — Class

L.P. — Limited Partnership

S&P — Standard & Poor’s

The following is a list of the level of inputs used as of September 30, 2017, in valuing the Fund’s investments carried at value ($ Thousands):


Investments in Securities	Level 1		Level 2		Level 3		Total
Common Stock	$	110,766	$	–	$	–	$	110,766
Affiliated Partnership		–		52		–		52
Cash Equivalent		4,669		–		–		4,669


Total Investments in Securities	$	115,435	$	52	$	–	$	115,487


Other Financial Instruments	Level 1		Level 2		Level 3		Total
Futures Contracts *
Unrealized Appreciation	$	39	$	—	$	—	$	39


Total Other Financial Instruments	$	39	$	—	$	—	$	39

*	Futures contracts are valued at the unrealized appreciation on the instrument.

For the year ended September 30, 2017, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the year ended September 30, 2017, there were no transfers between Level 2 and Level 3 assets and liabilities.

For more information on valuation inputs, see Note 2 — Significant Accounting Policies in Notes to Financial Statements.

Amounts designated as “—” are either $0 or have been rounded to $0.

The following is a summary of the Fund’s transactions with affiliates for the year ended September 30, 2017 ($ Thousands):


Security Description	Value 9/30/2016		Purchases at Cost		Proceeds from Sales		Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)		Value 9/30/2017		Dividend Income
SEI Liquidity Fund, L.P.		$5,714		$8,801		$(14,463)		$—		$—		$52		$18
SEI Daily Income Trust, Government Fund, CI F		2,189		36,701		(34,221)		—		—		4,669		28

Totals		$7,903		$45,502		$(48,684)		$—		$—		$4,721		$46

The accompanying notes are an integral part of the financial statements.


SEI Institutional Managed Trust / Annual Report / September 30, 2017			81

SUMMARY SCHEDULE OF INVESTMENTS

September 30, 2017

U.S. Managed Volatility Fund

LOGO

^†Percentages are based on total investments.



Description	Percentage of Net Assets (%)			Shares		Market Value ($ Thousands)
COMMON STOCK — 97.7%

Consumer Discretionary — 10.1%
Darden Restaurants		0.7	%		135,545	$	10,678
McDonald’s		0.9			94,320		14,778
Target, Cl A		0.8			200,400		11,826
Walt Disney		0.7			113,646		11,202
Other Securities		7.0					110,882

							159,366


Consumer Staples — 15.8%
Altria Group		1.2			293,759		18,630
Costco Wholesale		0.9			82,114		13,491
CVS Health		0.6			112,600		9,157
Dr Pepper Snapple Group		1.0			180,579		15,976
Kimberly-Clark		0.7			90,119		10,605
McCormick		0.7			101,092		10,376
PepsiCo		0.9			134,450		14,982
Philip Morris International		0.8			113,868		12,640
Procter & Gamble		0.8			140,680		12,799
Sanderson Farms		0.6			56,492		9,125
Sysco, Cl A		0.6			183,443		9,897
Tyson Foods, Cl A		0.9			194,530		13,705
Wal-Mart Stores		1.6			320,160		25,017
Other Securities		4.5					73,927

							250,327


Energy — 1.5%
ExxonMobil		0.6			111,500		9,141
Other Securities		0.9					14,188

							23,329


Financials — 14.2%
Allstate		0.7			125,495		11,534
Arch Capital Group*		0.6			90,931		8,957
Axis Capital Holdings		0.7			192,717		11,045
Berkshire Hathaway, Cl B*		0.9			75,500		13,841
CBOE Holdings		0.7			102,115		10,991
Everest Re Group		1.0			66,152		15,108
Progressive		0.7			211,774		10,254
Travelers		0.9			113,859		13,950
Validus Holdings		0.7			235,678		11,598



Description	Percentage of Net Assets (%)			Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Other Securities^‡		7.3	%			$	116,620

							223,898


Health Care — 15.7%
Anthem		0.6			48,900		9,285
Baxter International		1.0			252,970		15,874
Johnson & Johnson		2.3			276,385		35,933
Merck		2.2			530,453		33,965
Pfizer		1.5			670,034		23,920
UnitedHealth Group		0.7			57,996		11,359
Other Securities		7.4					118,158

							248,494


Industrials — 7.2%
Boeing		0.8			51,502		13,092
Republic Services		0.8			180,600		11,930
Waste Management		1.5			311,108		24,350
Other Securities		4.1					65,372

							114,744


Information Technology — 12.0%
Amdocs		1.6			387,743		24,940
Apple		1.2			128,646		19,827
Cisco Systems		0.9			410,200		13,795
Dell Technologies, Cl V*		0.6			119,541		9,230
Intel		0.7			300,634		11,448
International Business Machines		0.7			73,000		10,591
Other Securities		6.3					100,820

							190,651


Materials — 1.8%
Other Securities		1.8					29,169


Real Estate — 3.3%
Other Securities‡		3.3					52,241


Telecommunication Services — 5.1%
AT&T		1.6			658,033		25,775
Verizon Communications		1.8			583,229		28,864
Other Securities		1.7					25,404

							80,043


Utilities — 11.0%
American Electric Power		1.2			259,230		18,208
Edison International		0.8			157,821		12,179
Entergy		0.7			149,509		11,416
Exelon		1.5			645,690		24,323
PPL		0.8			333,990		12,675
Public Service Enterprise Group		0.7			238,745		11,042
Other Securities		5.3					83,705

							173,548

Total Common Stock (Cost $1,289,000) ($ Thousands)							1,545,810


82		SEI Institutional Managed Trust / Annual Report / September 30, 2017



Description	Percentage of Net Assets (%)			Shares		Market Value ($ Thousands)
CASH EQUIVALENT — 2.1%
SEI Daily Income Trust, Government Fund, Cl F 0.840% **^†		2.1	%		32,713,195	$	32,713

Total Cash Equivalent (Cost $32,713) ($ Thousands)							32,713

Total Investments in Securities — 99.8% (Cost $1,321,713)($ Thousands)						$	1,578,523

A list of the open futures contracts held by the Fund at September 30, 2017, is as follows:

Type of

Contract

Number of
Contracts
Long

Expiration
Date

Notional Amount
($ Thousands)

Value
($ Thousands)

Unrealized
Appreciation
($ Thousands)

S&P 500 Index E-MINI

169

Dec-2017

$20,977

$21,261

$284

Percentages are based on a Net Assets of $1,581,542 ($ Thousands).

*	Non-income producing security.

**	The rate reported is the 7-day effective yield as of September 30, 2017.

^‡	Real Estate Investment Trust.

^†	Investment in Affiliated Security (see Note 6).

Cl — Class

S&P — Standard & Poor’s

The following is a list of the level of inputs used as of September 30, 2017, in valuing the Fund’s investments and other financial instruments carried at value ($ Thousands):


Investments in Securities	Level 1		Level 2		Level 3		Total
Common Stock	$	1,545,810	$	–	$	–	$	1,545,810
Cash Equivalent		32,713		–		–		32,713


Total Investments in Securities	$	1,578,523	$	–	$	–	$	1,578,523


Other Financial Instruments	Level 1		Level 2		Level 3		Total
Futures Contracts *
Unrealized Appreciation	$	284	$	—	$	—	$	284

Total Other Financial Instruments	$	284	$	—	$	—	$	284

*	Futures Contracts are valued at the unrealized appreciation on the instrument.

For the year ended September 30, 2017, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the year ended September 30, 2017, there were no transfers between Level 2 and Level 3 assets and liabilities.

For more information on valuation inputs, see Note 2 — Significant Accounting Policies in Notes to Financial Statements.

Amounts designated as “—” are either $0 or have been rounded to $0.

The following is a summary of the Fund’s transactions with affiliates for the year ended September 30, 2017 ($ Thousands):


Security Description	Value 9/30/2016		Purchases at Cost		Proceeds from Sales			Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)		Value 9/30/2017		Dividend Income
SEI Daily Income Trust, Government Fund, CI F		$39,118		$428,961		$	(435,366)		$—		$—		$32,713		$146

The accompanying notes are an integral part of the financial statements.


SEI Institutional Managed Trust / Annual Report / September 30, 2017			83

SUMMARY SCHEDULE OF INVESTMENTS

September 30, 2017

Global Managed Volatility Fund


^†Percentages are based on total investments.
Description	Percentage of Net Assets (%)			Shares		Market Value ($ Thousands)
COMMON STOCK — 97.1%

Australia — 2.9%
Wesfarmers		0.6	%		283,998	$	9,210
Other Securities ^‡		2.3					33,043

							42,253


Austria — 1.4%
voestalpine		0.8			238,610		12,171
Other Securities		0.6					8,866


							21,037


Belgium — 0.7%
Other Securities		0.7					9,613


Canada — 7.3%
Bank of Montreal		0.7			134,217		10,134
National Bank of Canada		0.7			216,700		10,405
Rogers Communications, Cl B		0.7			193,700		9,965
Other Securities ^‡		5.2					76,250


							106,754


China — 0.0%
Other Securities		0.0					273


Denmark — 2.3%
Carlsberg, Cl B		0.7			93,237		10,205
Other Securities		1.6					23,484


							33,689


Finland — 0.3%
Other Securities		0.3					4,782


France — 1.3%
Other Securities		1.3					18,782


Description	Percentage of Net Assets (%)			Shares		Market Value ($ Thousands)
COMMON STOCK (continued)

Germany — 1.7%
Other Securities		1.7	%			$	24,088


Guernsey — 0.6%
Amdocs		0.6			141,376		9,093


Hong Kong — 4.8%
CLP Holdings, Cl B		1.1			1,624,656		16,651
Other Securities ^‡(A)		3.7					53,290


							69,941

Ireland — 0.0%
Other Securities ^‡		0.0					616


Israel — 1.6%
Bank Hapoalim		0.7			1,360,351		9,528
Other Securities		0.9					13,801


							23,329


Italy — 0.7%
Other Securities		0.7					9,930


Japan — 7.0%
Other Securities ^‡		7.0					101,325


Jersey — 0.1%
Other Securities		0.1					761


Luxembourg — 0.2%
Other Securities		0.2					2,917


Netherlands — 0.2%
Other Securities (A)		0.2					3,605


New Zealand — 2.0%
Other Securities ^‡		2.0					29,198


Norway — 1.6%
Orkla		0.7			1,036,596		10,639
Telenor		0.7			476,079		10,071
Other Securities		0.2					2,337


							23,047


Panama — 0.7%
Carnival		0.7			148,112		9,564


Portugal — 0.3%
Other Securities		0.3					4,133


84		SEI Institutional Managed Trust / Annual Report / September 30, 2017


Description	Percentage of Net Assets (%)			Shares		Market Value ($ Thousands)
COMMON STOCK (continued)

Singapore — 1.9%
Other Securities ^‡		1.9	%			$	27,889


Spain — 0.4%
Other Securities		0.4					6,156


Sweden — 2.3%
ICA Gruppen		0.7			258,567		9,697
Swedish Match		0.8			339,138		11,871
Other Securities		0.8					12,287


							33,855


Switzerland — 6.0%
Nestle		1.2			211,811		17,753
Novartis		1.0			166,517		14,266
Other Securities		3.8					54,845


							86,864


United Kingdom — 3.4%
Other Securities ^‡		3.4					49,892


United States — 45.4%
AGNC Investment ^‡		1.3			871,601		18,896
Altria Group		0.8			186,895		11,853
Annaly Capital Management ^‡		0.7			865,718		10,553
Bio-Rad Laboratories, Cl A *		0.7			47,156		10,479
Chemed		0.7			52,849		10,678
Clorox		1.1			120,559		15,903
Coca-Cola		1.0			313,619		14,116
Colgate-Palmolive		0.7			135,965		9,905
Danaher, Cl A		0.7			117,032		10,039
Estee Lauder, Cl A		0.7			96,068		10,360
Home Depot		0.7			63,923		10,455
Humana		0.8			50,401		12,279
Johnson & Johnson		1.4			151,599		19,709
Lincoln National		0.6			124,572		9,154
ManpowerGroup		0.7			82,673		9,741
Mastercard, Cl A		0.6			66,479		9,387
McDonald’s		1.4			129,952		20,361
Merck		0.7			157,053		10,056
MetLife		0.7			205,195		10,660
Mettler Toledo International *		0.8			17,574		11,004
PepsiCo		1.0			134,313		14,966
Pfizer		0.7			294,129		10,500
Philip Morris International		0.7			88,791		9,857
Procter & Gamble		1.2			187,363		17,046
Quest Diagnostics		0.7			107,105		10,029
Reliance Steel & Aluminum		0.6			123,148		9,380
Republic Services		0.8			178,981		11,823
Sysco, Cl A		0.8			222,527		12,005
Teleflex		0.8			46,842		11,334
United Parcel Service, Cl B		0.7			84,008		10,089


Description	Percentage of Net Assets (%)			Shares		Market Value ($ Thousands)
COMMON STOCK (continued)

United States (continued)
Voya Financial		0.8	%		285,179	$	11,376
Wal-Mart Stores		0.7			123,212		9,628
Walt Disney		0.6			94,631		9,328
Waste Management		0.8			145,909		11,420
Other Securities ^‡		17.7					257,277


							661,646


Total Common Stock (Cost $1,208,108) ($ Thousands)							1,415,032


PREFERRED STOCK — 0.3%

Germany — 0.3%
Other Securities		0.3					3,410


Sweden — 0.0%
Other Securities		0.0					482


Total Preferred Stock (Cost $3,751) ($ Thousands)							3,892


*RIGHTS — 0.0%**

New Zealand — 0.0%
Other Securities		0.0					—


Singapore — 0.0%
Other Securities		0.0					103


Total Rights (Cost $–) ($ Thousands)							103


CASH EQUIVALENT — 2.3%
SEI Daily Income Trust, Government Fund, Cl F 0.840% **†		2.3			34,015,918		34,016


Total Cash Equivalent (Cost $34,016) ($ Thousands)							34,016


Total Investments in Securities — 99.7% (Cost $1,245,875)($ Thousands)						$	1,453,043


SEI Institutional Managed Trust / Annual Report / September 30, 2017		85

SUMMARY SCHEDULE OF INVESTMENTS

September 30, 2017

Global Managed Volatility Fund (Concluded)

A list of the open futures contracts held by the Fund at September 30, 2017, is as follows:


Type of Contract	Number of Contracts Long		Expiration Date		Notional Amount ($ Thousands)		Value ($ Thousands)		Unrealized Appreciation (Depreciation) ($ Thousands)
DJ Euro Stoxx 50 Index		60		Dec-2017		$2,511		$2,537		$56
FTSE 100 Index		15		Dec-2017		1,463		1,475		3
Hang Seng Index		3		Oct-2017		526		528		2
S&P 500 Index E-MINI		85		Dec-2017		10,478		10,693		215
SPI 200 Index		7		Dec-2017		792		778		(4	)
TOPIX Index		11		Dec-2017		1,609		1,637		59

						$17,379		$17,648		$331

A list of the open forward foreign currency contracts held by the Fund at September 30, 2017, is as follows:


Counterparty	Settlement Date			Currency to Deliver (Thousands)			Currency to Receive (Thousands)		Unrealized Appreciation (Depreciation) ($ Thousands)
Brown Brothers Harriman		10/30/17	USD		11	NOK		84		$—
Brown Brothers Harriman		10/30/17	USD		10	GBP		8		—
Brown Brothers Harriman		10/30/17	USD		34	GBP		26		—
Brown Brothers Harriman		10/30/17	USD		51	SEK		416		—
Brown Brothers Harriman		10/30/17	USD		65	NZD		90		—
Brown Brothers Harriman		10/30/17	USD		2	NZD		3		—
Brown Brothers Harriman		10/30/17	USD		70	DKK		441		—
Brown Brothers Harriman		10/30/17	USD		158	CAD		195		(2	)
Brown Brothers Harriman		10/30/17	USD		140	HKD		1,091		—
Brown Brothers Harriman		10/30/17	USD		86	HKD		668		—
Brown Brothers Harriman		10/30/17	USD		242	CHF		234		1
Brown Brothers Harriman		10/30/17	USD		258	EUR		219		1
Brown Brothers Harriman		10/30/17	USD		72	JPY		8,145		—
Brown Brothers Harriman		10/30/17	USD		210	JPY		23,507		(1	)
Brown Brothers Harriman		10/30/17	GBP		18,931	USD		25,566		149
Brown Brothers Harriman		10/30/17	SGD		20,212	USD		14,963		69
Brown Brothers Harriman		10/30/17	SGD		22	USD		16		—
Brown Brothers Harriman		10/30/17	NZD		20,962	USD		15,232		92
Brown Brothers Harriman		10/30/17	NZD		167	USD		120		(1	)
Brown Brothers Harriman		10/30/17	AUD		28,933	USD		22,978		287
Brown Brothers Harriman		10/30/17	AUD		123	USD		96		—
Brown Brothers Harriman		10/30/17	CHF		105	USD		109		—
Brown Brothers Harriman		10/30/17	CHF		43,639	USD		45,114		(80	)
Brown Brothers Harriman		10/30/17	EUR		54,414	USD		64,696		277
Brown Brothers Harriman		10/30/17	EUR		400	USD		470		(2	)
Brown Brothers Harriman		10/30/17	CAD		64,728	USD		52,436		664
Brown Brothers Harriman		10/30/17	CAD		240	USD		192		—
Brown Brothers Harriman		10/30/17	NOK		92,121	USD		11,802		219
Brown Brothers Harriman		10/30/17	NOK		1,268	USD		159		—
Brown Brothers Harriman		10/30/17	DKK		106,133	USD		16,959		69
Brown Brothers Harriman		10/30/17	DKK		916	USD		145		—
Brown Brothers Harriman		10/30/17	SEK		144,150	USD		17,971		281
Brown Brothers Harriman		10/30/17	SEK		1,148	USD		141		—
Brown Brothers Harriman		10/30/17	HKD		152	USD		19		—


86		SEI Institutional Managed Trust / Annual Report / September 30, 2017

Counterparty

Settlement Date

Currency to Deliver

(Thousands)

Currency to Receive
(Thousands)

Unrealized
Appreciation
(Depreciation)
($ Thousands)

Brown Brothers Harriman

10/30/17

HKD

279,538

USD

35,802

$(16)

Brown Brothers Harriman

10/30/17

JPY

5,847,354

USD

52,376

351

Brown Brothers Harriman

10/30/17

JPY

33,245

USD

296

—

$2,358

Percentages are based on a Net Assets of $1,457,726 ($ Thousands).

Non-income producing security.

The rate reported is the 7-day effective yield as of September 30, 2017.

^‡

Real Estate Investment Trust.

^†

Investment in Affiliated Security (see Note 6).

(A)

Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration normally to qualified institutions. On September 30, 2017, the value of these securities amounted to $8,208 ($ Thousands), representing 0.6% of the net assets of the Fund.

AUD — Australian Dollar

CAD — Canadian Dollar

CHF — Swiss Franc

Cl — Class

DJ — Dow Jones

DKK — Danish Krone

EUR — Euro

FTSE — Financial Times and Stock Exchange

GBP — British Pound Sterling

HKD — Hong Kong Dollar

JPY — Japanese Yen

NOK — Norwegian Krone

NZD — New Zealand Dollar

S&P — Standard & Poor’s

SEK — Swedish Krona

SGD — Singapore Dollar

SPI — Share Price Index

TOPIX — Tokyo Price Index

USD — United States Dollar

The following is a list of the level of inputs used as of September 30, 2017, in valuing the Fund’s investments and other financial instruments carried at value ($ Thousands):


Investments in Securities	Level 1			Level 2			Level 3		Total
Common Stock	$	1,413,141		$	1,891		$	–	$	1,415,032
Preferred Stock		3,892			–			–		3,892
Rights		103			–			–		103
Cash Equivalent		34,016			–			–		34,016

Total Investments in Securities	$	1,451,152		$	1,891		$	–	$	1,453,043


Other Financial Instruments	Level 1			Level 2			Level 3		Total
Futures Contracts *
Unrealized Appreciation	$	335		$	–		$	–	$	335
Unrealized Depreciation		(4	)		–			–		(4	)
Forwards Contracts *
Unrealized Appreciation		–			2,460			–		2,460
Unrealized Depreciation		–			(102	)		–		(102	)

Total Other Financial Instruments	$	331		$	2,358		$	–	$	2,689

Futures contracts and forwards contracts are valued at unrealized appreciation (depreciation) on the instrument.

For the year ended September 30, 2017, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the year ended September 30, 2017, there were no transfers between Level 2 and Level 3 assets and liabilities.

For more information on valuation inputs, see Note 2 — Significant Accounting Policies in Notes to Financial Statements.

Amounts designated as “—” are either $0 or have been rounded to $0.

The following is a summary of the Fund’s transactions with affiliates for the year ended September 30, 2017 ($ Thousands):

Security Description

Value
9/30/2016

Purchases at
Cost

Proceeds from
Sales

Realized Gain
(Loss)

Change in Unrealized
Appreciation
(Depreciation)

Value
9/30/2017

Dividend
Income

SEI Daily Income Trust, Government Fund, CI F

$83,471

$178,236

$(227,691)

$–

$34,016

$186

The accompanying notes are an integral part of the financial statements.


SEI Institutional Managed Trust / Annual Report / September 30, 2017			87

SUMMARY SCHEDULE OF INVESTMENTS

September 30, 2017

Tax-Managed Managed Volatility Fund


^†Percentages are based on total investments.
Description	Percentage of Net Assets (%)			Shares		Market Value ($ Thousands)
COMMON STOCK — 97.7%

Consumer Discretionary — 7.1%
Target, Cl A		0.6	%		114,100	$	6,733
Walt Disney		1.3			140,049		13,805
Other Securities		5.2					54,611

							75,149


Consumer Staples — 16.6%
Altria Group		1.4			234,072		14,845
Clorox		0.7			54,877		7,239
Costco Wholesale		0.6			40,733		6,692
Hershey		0.7			69,527		7,590
Kimberly-Clark		0.7			65,486		7,706
McCormick		0.7			72,119		7,402
PepsiCo		1.0			98,075		10,929
Philip Morris International		0.7			62,123		6,896
Procter & Gamble		0.8			93,908		8,544
Sysco, Cl A		0.7			134,231		7,242
Wal-Mart Stores		1.9			251,605		19,660
Other Securities		6.7					70,622

							175,367


Energy — 0.7%
Other Securities		0.7					7,779


Financials — 16.1%
Arch Capital Group*		0.7			78,888		7,770
Axis Capital Holdings		1.0			177,972		10,200
Berkshire Hathaway, Cl B*		1.0			59,100		10,834
CBOE Holdings		1.2			120,129		12,930
Everest Re Group		1.1			51,645		11,795
RenaissanceRe Holdings		1.2			96,760		13,076
Travelers		1.0			87,605		10,733
Validus Holdings		1.0			210,877		10,377
Other Securities‡		7.9					81,774

							169,489


Health Care — 15.7%
Aetna, Cl A		0.7			49,474		7,867
Anthem		0.9			47,477		9,015
Baxter International		0.7			124,505		7,813


Description	Percentage of Net Assets (%)			Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Eli Lilly		0.8	%		93,318	$	7,982
Johnson & Johnson		2.7			215,102		27,965
Merck		1.6			265,429		16,995
Pfizer		2.2			646,425		23,077
UnitedHealth Group		0.7			39,100		7,658
Other Securities		5.4					57,335

							165,707


Industrials — 12.3%
Boeing		0.8			32,700		8,313
Lockheed Martin		1.0			34,838		10,810
Northrop Grumman		1.5			53,546		15,406
Raytheon		1.7			96,700		18,042
Republic Services		0.9			146,100		9,651
Waste Management		1.0			137,382		10,753
Other Securities		5.4					56,945

							129,920


Information Technology — 11.2%
Amdocs		1.1			177,838		11,439
Apple		0.9			59,200		9,124
Cisco Systems		0.8			242,600		8,159
Dell Technologies Class V, Cl V*		0.8			108,346		8,365
Intel		0.9			265,600		10,114
Other Securities		6.7					70,974

							118,175


Materials — 1.5%
Other Securities		1.5					15,324


Real Estate — 1.4%
Other Securities‡		1.4					15,250


Telecommunication Services — 3.8%
AT&T		1.9			503,175		19,710
Other Securities		1.9					20,101

							39,811


Utilities — 11.3%
American Electric Power		0.8			122,164		8,581
Consolidated Edison		1.3			165,942		13,388
Edison International		0.9			125,527		9,687
Entergy		0.8			113,176		8,642
Eversource Energy		0.6			113,570		6,864
PG&E		0.9			133,963		9,121
Public Service Enterprise Group		0.8			194,029		8,974
Southern		0.6			138,614		6,811
WEC Energy Group		0.7			119,032		7,473


88		SEI Institutional Managed Trust / Annual Report / September 30, 2017


Description	Percentage of Net Assets (%)		Shares	Market Value ($ Thousands)
COMMON STOCK (continued)
Other Securities		3.9%		$	40,008

					119,549


Total Common Stock (Cost $712,318) ($ Thousands)					1,031,520


RIGHTS — 0.0%
Other Securities		0.0			91


Total Rights (Cost $–) ($ Thousands)					91


Description	Percentage of Net Assets (%)			Shares		Market Value ($ Thousands)
CASH EQUIVALENT — 2.1%
SEI Daily Income Trust, Government Fund, Cl F 0.840% **^†		2.1	%		22,607,229	$	22,607


Total Cash Equivalent (Cost $22,607) ($ Thousands)							22,607


Total Investments in Securities — 99.8% (Cost $734,925)($ Thousands)						$	1,054,218

A list of the open futures contracts held by the Fund at September 30, 2017, is as follows:

Type of

Contract

Number of
Contracts
Long

Expiration
Date

Notional Amount

($ Thousands)

Value

($ Thousands)

Unrealized
Appreciation
($ Thousands)

S&P 500 Index E-MINI

Dec-2017

$9,967

$10,190

$223

Percentages are based on a Net Assets of $1,055,815 ($ Thousands).

*	Non-income producing security.

**	The rate reported is the 7-day effective yield as of September 30, 2017.

^‡	Real Estate Investment Trust.

^†	Investment in Affiliated Security (see Note 6).

Cl — Class

S&P — Standard & Poors

The following is a list of the level of inputs used as of September 30, 2017, in valuing the Fund’s investments and other financial instruments carried at value ($ Thousands):


Investments in Securities	Level 1		Level 2		Level 3		Total
Common Stock	$	1,031,520	$	–	$	–	$	1,031,520
Rights		–		91		–		91
Cash Equivalent		22,607		–		–		22,607


Total Investments in Securities	$	1,054,127	$	91	$	–	$	1,054,218


Other Financial Instruments	Level 1		Level 2		Level 3		Total
Futures Contracts *
Unrealized Appreciation	$	223	$	—	$	—	$	223


Total Other Financial Instruments	$	223	$	—	$	—	$	223

* Futures contracts are valued at unrealized appreciation on the instrument.

For the year ended September 30, 2017, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the year ended September 30, 2017, there were no transfers between Level 2 and Level 3 assets and liabilities.

For more information on valuation inputs, see Note 2 — Significant Accounting Policies in Notes to Financial Statements.

Amounts designated as “—” are either $0 or have been rounded to $0.

The following is a summary of the Fund’s transactions with affiliates for the year ended September 30, 2017 ($ Thousands):

Security Description

Value
9/30/2016

Purchases at
Cost

Proceeds from
Sales

Realized Gain
(Loss)

Change in Unrealized
Appreciation
(Depreciation)

Value
9/30/2017

Dividend
Income

SEI Daily Income Trust, Government Fund, CI F

$34,072

$176,900

(188,365)

$–

$22,607

$124

The accompanying notes are an integral part of the financial statements.


SEI Institutional Managed Trust / Annual Report / September 30, 2017			89

SUMMARY SCHEDULE OF INVESTMENTS

September 30, 2017

Tax-Managed International Managed Volatility Fund

LOGO

^†Percentages are based on total investments.



Description	Percentage of Net Assets (%)			Shares		Market Value ($ Thousands)
COMMON STOCK — 93.9%
Australia — 6.1%
AGL Energy		1.1	%		213,908	$	3,923
ASX		0.5			44,853		1,845
South32		0.5			667,586		1,713
Telstra, Cl B		0.5			698,709		1,913
Wesfarmers		0.5			50,650		1,643
Other Securities^‡		3.0					10,344


							21,381

Austria — 1.6%
Other Securities		1.6					5,448

Belgium — 1.3%
Other Securities		1.3					4,593


Canada — 2.0%
TELUS		0.7			65,261		2,342
Toronto-Dominion Bank		0.8			48,192		2,707
Other Securities		0.5					1,933


							6,982

Denmark — 2.3%
Danske Bank		0.7			64,629		2,585
Other Securities		1.6					5,621


							8,206

Finland — 1.0%
Other Securities		1.0					3,605


France — 5.6%
Atos		0.6			12,547		1,947
Sanofi		1.5			53,623		5,326
TOTAL		0.5			32,778		1,761



Description	Percentage of Net Assets (%)			Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
France (continued)
Other Securities		3.0	%			$	10,582


							19,616

Germany — 6.1%
Muenchener Rueckversicherungs- Gesellschaft in Muenchen		0.8			12,362		2,644
Siemens		0.6			14,297		2,015
Other Securities (A)		4.7					16,795


							21,454

Hong Kong — 5.6%
CLP Holdings, Cl B		0.9			319,000		3,269
Kerry Properties		0.6			480,000		1,988
WH Group (A)		0.9			2,963,500		3,149

Other Securities ^‡(A)		3.2					11,270


							19,676

Ireland — 0.4%
Other Securities ^‡		0.4					1,262

Israel — 1.6%
Bank Hapoalim		0.8			381,085		2,669
Other Securities		0.8					2,943


							5,612

Italy — 0.8%
Other Securities		0.8					2,653


Japan — 20.3%
Asahi Kasei		0.7			187,000		2,301
Astellas Pharma		0.6			171,100		2,176
Canon		0.5			55,500		1,896
KDDI		0.6			77,400		2,040
McDonald’s Holdings Japan		0.5			42,500		1,880
Mitsubishi Tanabe Pharma		1.1			163,100		3,738
Nippon Telegraph & Telephone		1.1			81,800		3,748
Nissan Motor		0.6			200,300		1,983
NTT DOCOMO		0.6			85,800		1,959
Osaka Gas		0.5			95,200		1,769
Other Securities ^‡		13.5					47,688


							71,178

Jersey — 0.1%
Other Securities		0.1					336


Luxembourg — 0.7%
Other Securities		0.7					2,261


Netherlands — 2.0%
NN Group		0.7			61,181		2,561


90		SEI Institutional Managed Trust / Annual Report / September 30, 2017



Description	Percentage of Net Assets (%)			Shares		Market Value ($ Thousands)
COMMON STOCK (continued)

Netherlands (continued)
Other Securities (A)		1.3	%			$	4,247


							6,808


New Zealand — 1.6%
Other Securities		1.6					5,730


Norway — 1.3%
Other Securities		1.3					4,692


Portugal — 0.3%
Other Securities		0.3					1,057


Singapore — 4.5%
DBS Group Holdings		1.0			223,200		3,422
Other Securities ^‡		3.5					12,357


							15,779


Spain — 2.1%
Endesa		0.6			96,739		2,182
Iberdrola		0.6			244,197		1,897
Other Securities		0.9					3,408


							7,487


Sweden — 2.3%
Other Securities (A)		2.3					8,096


Switzerland — 11.8%
Kuehne & Nagel International		0.9			16,601		3,076
Nestle		0.8			31,510		2,641
Novartis		1.0			40,191		3,443
Roche Holding		1.9			26,028		6,650
Schindler Holding		0.5			7,369		1,629
Sonova Holding		0.6			13,289		2,257
Swiss Life Holding		1.1			10,672		3,762
Swiss Prime Site		0.6			25,135		2,261
Swiss Re		1.0			37,429		3,393
Swisscom		0.7			4,862		2,493
Zurich Insurance Group		0.7			7,712		2,355
Other Securities		2.0					7,200


							41,160


United Kingdom — 11.8%
BAE Systems		1.0			404,324		3,426
BP		0.5			267,986		1,716
Carnival		0.8			42,963		2,734
GlaxoSmithKline		1.3			222,293		4,439
HSBC Holdings		0.5			186,206		1,842
Imperial Brands		0.6			44,720		1,910
Rio Tinto		0.5			32,457		1,694
SSE		0.9			169,314		3,173



Description	Percentage of Net Assets (%)			Shares		Market Value ($ Thousands)
COMMON STOCK (continued)

United Kingdom (continued)
Other Securities ^‡		5.7	%			$	20,193


							41,127


United States — 0.7%
Other Securities		0.7					2,383

Total Common Stock (Cost $283,975) ($ Thousands)							328,582


PREFERRED STOCK — 0.3%

Germany — 0.3%
Other Securities		0.3					922

Total Preferred Stock (Cost $787) ($ Thousands)							922


RIGHTS — 0.0%

Singapore — 0.0%
Other Securities		0.0					34

Total Rights (Cost $–) ($ Thousands)							34

					Shares


CASH EQUIVALENT — 4.3%
SEI Daily Income Trust, Government Fund, Cl F 0.840% **^†		4.3			15,270,354		15,270


Total Cash Equivalent (Cost $15,270) ($ Thousands)							15,270


Total Investments in Securities — 98.5% (Cost $300,032) ($ Thousands)						$	344,808


SEI Institutional Managed Trust / Annual Report / September 30, 2017		91

SUMMARY SCHEDULE OF INVESTMENTS

September 30, 2017

Tax-Managed International Managed Volatility Fund (Concluded)

A list of the open futures contracts held by the Fund at September 30, 2017, is as follows:



Type of Contract	Number of Contracts Long		Expiration Date		Notional Amount ($ Thousands)		Value ($ Thousands)		Unrealized Appreciation (Depreciation) ($ Thousands)

DJ Euro Stoxx 50 Index		104		Dec-2017		$4,348		$4,397		$101
FTSE 100 Index		24		Dec-2017		2,339		2,360		(5	)
Hang Seng Index		2		Oct-2017		350		352		2
SPI 200 Index		10		Dec-2017		1,130		1,112		(6	)
TOPIX Index		19		Dec-2017		2,772		2,827		118
						$10,939		$11,048		$210

Percentages are based on a Net Assets of $350,002 ($ Thousands).

**	The rate reported is the 7-day effective yield as of September 30, 2017.

^‡	Real Estate Investment Trust.

^†	Investment in Affiliated Security (see Note 6).

(A)

Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration normally to qualified institutions. On September 30, 2017, the value of these securities amounted to $6,697 ($ Thousands), representing 1.9% of the Net Assets of the Fund.

Cl — Class

DJ — Dow Jones

FTSE— Financial Times and Stock Exchange

SPI — Share Price Index

TOPIX — Tokyo Price Index

The following is a list of the level of inputs used as of September 30, 2017, in valuing the Fund’s investments and other financial instruments carried at value ($ Thousands):


Investments in Securities	Level 1		Level 2		Level 3		Total
Common Stock	$	327,837	$	745	$	–	$	328,582
Preferred Stock		922		–		–		922
Rights		–		34		–		34
Cash Equivalent		15,270		–		–		15,270


Total Investments in Securities	$	344,029	$	779	$	–	$	344,808



Other Financial Instruments	Level 1			Level 2		Level 3		Total
Futures Contracts *
Unrealized Appreciation	$	221		$	—	$	—	$	221
Unrealized Depreciation		(11	)		—		—		(11	)


Total Other Financial Instruments	$	210		$	—	$	—	$	210

*	Futures contracts are valued at unrealized appreciation (depreciation) on the instrument.

For the year ended September 30, 2017, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the year ended September 30, 2017, there were no transfers between Level 2 and Level 3 assets and liabilities.

For more information on valuation inputs, see Note 2 — Significant Accounting Policies in Notes to Financial Statements.

Amounts designated as “—” are either $0 or have been rounded to $0.

The following is a summary of the Fund’s transactions with affiliates for the year ended September 30, 2017 ($ Thousands):

Security Description

Value
9/30/2016

Purchases at
Cost

Proceeds from
Sales

Realized Gain

(Loss)

Change in Unrealized
Appreciation
(Depreciation)

Value
9/30/2017

Dividend
Income

SEI Daily Income Trust, Government Fund, CI F

$–

$299,290

$(284,020

)

$–

$15,270

$50

The accompanying notes are an integral part of the financial statements.


92		SEI Institutional Managed Trust / Annual Report / September 30, 2017

SCHEDULE OF INVESTMENTS

September 30, 2017

Real Estate Fund

LOGO

†Percentages are based on total investments.


Description	Shares		Market Value ($ Thousands)

COMMON STOCK — 97.1%

Consumer Discretionary — 0.8%
Hilton Worldwide Holdings		20,070	$	1,394


Real Estate — 96.3%
Alexandria Real Estate Equities ^‡		36,805		4,379
American Homes 4 Rent, Cl A ^‡		132,535		2,877
Apartment Investment & Management, Cl A ^‡		73,690		3,232
AvalonBay Communities ^‡		47,656		8,503
Boston Properties ^‡		43,170		5,305
Camden Property Trust ^‡		13,890		1,270
Chesapeake Lodging Trust ^‡		31,540		851
Columbia Property Trust ^‡		37,230		811
CoreSite Realty ^‡		15,350		1,718
Corporate Office Properties Trust ^‡		14,850		488
CubeSmart ^‡		203,345		5,279
CyrusOne^‡		45,195		2,663
DDR ^‡		230,175		2,108
Digital Realty Trust, Cl A ^‡		15,790		1,868
Douglas Emmett ^‡		99,890		3,938
Duke Realty ^‡		69,604		2,006
Education Realty Trust ^‡		4,972		179
Equinix ^‡		21,640		9,658
Equity Residential ^‡		55,000		3,626
Essex Property Trust ^‡		17,874		4,541
Extra Space Storage ^‡		27,450		2,194
Federal Realty Investment Trust ^‡		16,300		2,025
First Industrial Realty Trust ^‡		18,190		547
GGP ^‡		86,810		1,803
HCP ^‡		175,780		4,892
Healthcare Trust of America, Cl A ^‡		73,950		2,204
Highwoods Properties ^‡		38,710		2,016
Host Hotels & Resorts ^‡		217,564		4,023
Hudson Pacific Properties ^‡		76,570		2,567
JBG SMITH Properties *^‡		30,530		1,044
Kilroy Realty ^‡		27,240		1,937
Kimco Realty ^‡		102,780		2,009
Kite Realty Group Trust ^‡		62,225		1,260
LaSalle Hotel Properties ^‡		56,975		1,653
Liberty Property Trust ^‡		54,350		2,232
Life Storage ^‡		41,000		3,354
Macerich ^‡		70,879		3,896
Mack-Cali Realty ^‡		49,570		1,175
Medical Properties Trust ^‡		52,240		686
Omega Healthcare Investors ^‡		17,280		551
Park Hotels & Resorts ^‡		18,776		517
Pebblebrook Hotel Trust ^‡		27,950		1,010



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
ProLogis ^‡		166,757	$	10,582
PS Business Parks ^‡		2,820		377
Public Storage ^‡		25,016		5,353
Regency Centers ^‡		55,163		3,422
Senior Housing Properties Trust ^‡		58,516		1,144
Simon Property Group ^‡		79,324		12,772
STAG Industrial ^‡		33,260		914
Starwood Waypoint Homes ^‡		62,900		2,288
Sun Communities ^‡		13,710		1,175
Sunstone Hotel Investors ^‡		49,680		798
Taubman Centers ^‡		18,550		922
UDR ^‡		107,715		4,096
Urban Edge Properties ^‡		26,164		631
Ventas ^‡		31,300		2,039
Vornado Realty Trust ^‡		52,145		4,009
Washington ^‡		12,390		406
Weingarten Realty Investors ^‡		119,527		3,794
Welltower ^‡		73,353		5,155


				168,772

Total Common Stock (Cost $137,992) ($ Thousands)				170,166


CASH EQUIVALENT —2.7%
SEI Daily Income Trust, Government Fund, Cl F 0.840%**†		4,717,606		4,718

Total Cash Equivalent (Cost $4,718) ($ Thousands)				4,718

Total Investments in Securities— 99.8% (Cost $142,710) ($ Thousands)			$	174,884

Percentages are based on Net Assets of $175,298 ($ Thousands).

*	Non-income producing security.

**	Rate shown is the 7-day effective yield as of September 30, 2017.

^‡	Real Estate Investment Trust.

^†	Investment in Affiliated Security (see Note 6).

Cl — Class

L.P. — Limited Partnership

As of September 30, 2017, all of the Fund’s investments were considered Level 1, in accordance with the authoritative guidance on fair value measurements and disclosure under U.S. GAAP.

For the year ended September 30, 2017, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the year ended September 30, 2017, there were no transfers between Level 2 and Level 3 assets and liabilities.

For more information on valuation inputs, see Note 2 – Significant Accounting Policies in Notes to Financial Statements.

Amounts designated as “—” are $0 or have been rounded to $0.


SEI Institutional Managed Trust / Annual Report / September 30, 2017		93

SCHEDULE OF INVESTMENTS

September 30, 2017

Real Estate Fund (Concluded)

The following is a summary of the Fund’s transactions with affiliates for the year ended September 30, 2017 ($ Thousands):



Security Description	Value 9/30/2016		Purchases at Cost		Proceeds from Sales			Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)		Value 9/30/2017		Dividend Income

SEI Liquidity Fund, L.P.		$1,024		$2,560		$(3,584	)		$—		$—		$—		$1
SEI Daily Income Trust, Government Fund, CI F		7,522		75,421		(78,225	)		—		—		4,718		20

Totals		$8,546		$77,981		$(81,809	)		$—		$—		$4,718		$21

The accompanying notes are an integral part of the financial statements.


94		SEI Institutional Managed Trust / Annual Report / September 30, 2017

SCHEDULE OF INVESTMENTS

September 30, 2017

Enhanced Income Fund

LOGO

†Percentages are based on total investments.




Description	Face Amount (Thousands)		Market Value ($ Thousands)


CORPORATE OBLIGATIONS — 40.1%

Consumer Discretionary — 4.7%

American Honda Finance MTN

1.700%, 02/22/2019	$	250	$	250
AutoZone
1.625%, 04/21/2019		70		70
Daimler Finance North America LLC
1.650%, 05/18/2018 (A)		300		300
1.500%, 07/05/2019 (A)		285		283
Discovery Communications
2.200%, 09/20/2019		50		50
Ford Motor Credit LLC
2.140%, VAR ICE LIBOR USD 3 Month+0.830%, 03/12/2019		200		201
1.897%, 08/12/2019		350		348
General Motors Financial
2.400%, 04/10/2018		200		200
2.234%, VAR ICE LIBOR USD 3 Month+0.930%, 04/13/2020		150		151
Hyundai Capital America MTN
2.000%, 07/01/2019 (A)		300		298
NBCUniversal Enterprise
1.989%, VAR ICE LIBOR USD 3 Month+0.685%, 04/15/2018 (A)		300		301
Nissan Motor Acceptance MTN
2.194%, VAR ICE LIBOR USD 3 Month+0.890%, 01/13/2022 (A)		200		201
Sinclair Television Group
5.625%, 08/01/2024 (A)		200		205
Sirius XM Radio
5.375%, 04/15/2025 (A)		200		211




Description	Face Amount (Thousands)		Market Value ($ Thousands)


CORPORATE OBLIGATIONS (continued)

Six Flags Entertainment
4.875%, 07/31/2024 (A)	$	225	$	229
Volkswagen Group of America Finance
1.785%, VAR ICE LIBOR USD 3 Month+0.470%, 05/22/2018 (A)		300		300


				3,598


Consumer Staples — 3.7%
Anheuser-Busch InBev Finance
1.900%, 02/01/2019		320		321
Anheuser-Busch InBev Worldwide
2.001%, VAR ICE LIBOR USD 3 Month+0.690%, 08/01/2018		250		251
CVS Health
1.900%, 07/20/2018		350		351
JM Smucker
1.750%, 03/15/2018		180		180
Kraft Heinz Foods
2.129%, VAR ICE LIBOR USD 3 Month+0.820%, 08/10/2022		125		125
Kroger
2.000%, 01/15/2019		220		220
Kroger MTN
1.500%, 09/30/2019		285		282
Molson Coors Brewing
1.450%, 07/15/2019		140		138
Mondelez International
1.831%, VAR ICE LIBOR USD 3 Month+0.520%, 02/01/2019		225		225
Reckitt Benckiser Treasury Services
1.888%, VAR ICE LIBOR USD 3 Month+0.560%, 06/24/2022 (A)		200		201
Reynolds American
2.300%, 06/12/2018		245		246
Skandinaviska Enskilda Banken
1.887%, VAR ICE LIBOR USD 3 Month+0.570%, 09/13/2019 (A)		300		302


				2,842


Energy — 2.6%
Anadarko Petroleum
6.950%, 06/15/2019		235		253
Blue Racer Midstream
6.125%, 11/15/2022 (A)		250		260
BP Capital Markets PLC
1.959%, VAR ICE LIBOR USD 3 Month+0.630%, 09/26/2018		250		251
Energy Transfer Partners
2.500%, 06/15/2018		350		351
Enterprise Products Operating
6.650%, 04/15/2018		250		257


SEI Institutional Managed Trust / Annual Report / September 30, 2017			95

SCHEDULE OF INVESTMENTS

September 30, 2017

Enhanced Income Fund (Continued)



Description	Face Amount (Thousands)		Market Value ($ Thousands)


CORPORATE OBLIGATIONS (continued)
Kinder Morgan
2.000%, 12/01/2017	$	270	$	270
Phillips 66
2.054%, VAR ICE LIBOR USD 3 Month+0.750%, 04/15/2020 (A)		125		125
Texas Energy (Escrow Security)
3.720%, 12/31/2034		4		1
Total Capital International
1.839%, VAR ICE LIBOR USD 3 Month+0.570%, 08/10/2018		225		226


				1,994


Financials — 17.7%
ABN AMRO Bank
1.944%, VAR ICE LIBOR USD 3 Month+0.640%, 01/18/2019 (A)		300		301
AIG Global Funding
1.815%, VAR ICE LIBOR USD 3 Month+0.480%, 07/02/2020 (A)		250		250
Bank of America MTN
5.650%, 05/01/2018		110		113
2.467%, VAR ICE LIBOR USD 3 Month+1.160%, 01/20/2023		150		152
1.971%, VAR ICE LIBOR USD 3 Month+0.650%, 10/01/2021		225		226
Bank of Montreal MTN
1.910%, VAR ICE LIBOR USD 3 Month+0.600%, 12/12/2019		350		353
Bank of Nova Scotia
1.650%, 06/14/2019		200		199
Barclays Bank PLC MTN
6.050%, 12/04/2017 (A)		150		151
BB&T MTN
1.971%, VAR ICE LIBOR USD 3 Month+0.660%, 02/01/2019		325		327
BPCE MTN
2.535%, VAR ICE LIBOR USD 3 Month+1.220%, 05/22/2022 (A)		250		253
Branch Banking & Trust
1.450%, 05/10/2019		260		259
Canadian Imperial Bank of Commerce
2.041%, VAR ICE LIBOR USD 3 Month+0.720%, 06/16/2022		275		276
Capital One
2.461%, VAR ICE LIBOR USD 3 Month+1.150%, 01/30/2023		250		251
Citibank
1.810%, VAR ICE LIBOR USD 3 Month+0.500%, 06/12/2020		250		251
Citigroup
1.867%, VAR ICE LIBOR USD 3 Month+0.550%, 08/25/2036		500		416



Description	Face Amount (Thousands)		Market Value ($ Thousands)


CORPORATE OBLIGATIONS (continued)
Citizens Bank
2.127%, VAR ICE LIBOR USD 3 Month+0.810%, 05/26/2022	$	275	$	274
Cooperatieve Rabobank UA
2.134%, VAR ICE LIBOR USD 3 Month+0.830%, 01/10/2022		300		303
Credit Agricole MTN
2.287%, VAR ICE LIBOR USD 3 Month+0.970%, 06/10/2020 (A)		250		254
Credit Suisse NY
1.700%, 04/27/2018		250		250
Danske Bank
1.896%, VAR ICE LIBOR USD 3 Month+0.580%, 09/06/2019 (A)		200		201
Deutsche Bank
1.989%, VAR ICE LIBOR USD 3 Month+0.680%, 02/13/2018		240		240
Fifth Third Bank MTN
2.226%, VAR ICE LIBOR USD 3 Month+0.910%, 08/20/2018		250		252
Goldman Sachs Group
2.485%, VAR ICE LIBOR USD 3 Month+1.170%, 11/15/2021		275		279
2.424%, VAR ICE LIBOR USD 3 Month+1.110%, 04/26/2022		250		253
HSBC Bank PLC
1.955%, VAR ICE LIBOR USD 3 Month+0.640%, 05/15/2018 (A)		300		301
Huntington National Bank
1.827%, VAR ICE LIBOR USD 3 Month+0.510%, 03/10/2020		250		252
ING Bank
1.989%, VAR ICE LIBOR USD 3 Month+0.690%, 10/01/2019 (A)		200		201
Jackson National Life Global Funding
2.060%, VAR ICE LIBOR USD 3 Month+0.730%, 06/27/2022 (A)		125		126
1.875%, 10/15/2018 (A)		200		200
JPMorgan Chase
1.944%, VAR ICE LIBOR USD 3
Month+0.630%, 01/28/2019		300		302
KeyBank
2.350%, 03/08/2019		250		252
Manufacturers & Traders Trust
1.927%, VAR ICE LIBOR USD 3 Month+0.610%, 05/18/2022		250		251
Metropolitan Life Global Funding I
1.754%, VAR ICE LIBOR USD 3 Month+0.430%, 12/19/2018 (A)		300		301
1.659%, VAR ICE LIBOR USD 3 Month+0.340%, 09/14/2018 (A)		200		201


96		SEI Institutional Managed Trust / Annual Report / September 30, 2017



Description	Face Amount (Thousands)		Market Value ($ Thousands)


CORPORATE OBLIGATIONS (continued)
Morgan Stanley
2.487%, VAR ICE LIBOR USD 3 Month+1.180%, 01/20/2022	$	175	$	177
2.163%, VAR ICE LIBOR USD 3 Month+0.850%, 01/24/2019		225		227
National Bank of Canada MTN
1.870%, VAR ICE LIBOR USD 3 Month+0.560%, 06/12/2020		250		251
Nordea Bank MTN
1.953%, VAR ICE LIBOR USD 3 Month+0.620%, 09/30/2019 (A)		200		202
PNC Bank
1.717%, VAR ICE LIBOR USD 3 Month+0.400%, 12/07/2018		350		351
Principal Life Global Funding II MTN
1.500%, 04/18/2019 (A)		250		248
Protective Life Global Funding
1.722%, 04/15/2019 (A)		235		234
Prudential Financial MTN
2.095%, VAR ICE LIBOR USD 3 Month+0.780%, 08/15/2018		250		251
Royal Bank of Canada MTN
2.017%, VAR ICE LIBOR USD 3 Month+0.700%, 12/10/2018		200		201
1.754%, VAR ICE LIBOR USD 3 Month+0.450%, 01/10/2019		200		201
Santander UK MTN
2.167%, VAR ICE LIBOR USD 3 Month+0.850%, 08/24/2018		300		302
Societe Generale MTN
2.379%, VAR ICE LIBOR USD 3 Month+1.080%, 10/01/2018		300		303
Standard Chartered MTN
1.944%, VAR ICE LIBOR USD 3 Month+0.640%, 04/17/2018 (A)		200		200
State Street
2.320%, VAR ICE LIBOR USD 3 Month+1.000%, 06/15/2037		375		342
Sumitomo Mitsui Banking
1.845%, VAR ICE LIBOR USD 3 Month+0.540%, 01/11/2019		250		251
SunTrust Bank
1.841%, VAR ICE LIBOR USD 3 Month+0.530%, 01/31/2020		250		251
Synchrony Financial
2.541%, VAR ICE LIBOR USD 3 Month+1.230%, 02/03/2020		200		202
Toronto-Dominion Bank MTN
1.450%, 08/13/2019		200		199
UBS MTN
1.949%, VAR ICE LIBOR USD 3 Month+0.640%, 08/14/2019		250		252



Description	Face Amount (Thousands)		Market Value ($ Thousands)


CORPORATE OBLIGATIONS (continued)
Wells Fargo
2.423%, VAR ICE LIBOR USD 3 Month+1.110%, 01/24/2023	$	150	$	153
Wells Fargo MTN
1.991%, VAR ICE LIBOR USD 3 Month+0.680%, 01/30/2020		250		253


				13,522


Health Care — 2.7%
Aetna
1.700%, 06/07/2018		350		350
Allergan Funding SCS
2.390%, VAR ICE LIBOR USD 3 Month+1.080%, 03/12/2018		300		301
Amgen
1.759%, VAR ICE LIBOR USD 3 Month+0.450%, 05/11/2020		150		151
Baxalta
2.103%, VAR ICE LIBOR USD 3 Month+0.780%, 06/22/2018		250		251
Cardinal Health
2.090%, VAR ICE LIBOR USD 3 Month+0.770%, 06/15/2022		275		276
Celgene
2.125%, 08/15/2018		275		276
DaVita
5.000%, 05/01/2025		142		140
Teva Pharmaceutical Finance Netherlands III BV
1.400%, 07/20/2018		325		324


				2,069


Industrials — 3.2%
Air Lease
2.125%, 01/15/2020		250		249
Catholic Health Initiatives
2.600%, 08/01/2018		305		307
Fortive
1.800%, 06/15/2019		315		315
Hutchison Whampoa International 14
1.625%, 10/31/2017 (A)		250		250
ILFC E-Capital Trust I
4.360%, 12/21/2065 (A)		500		475
Nielsen Finance
5.000%, 04/15/2022 (A)		300		311
PACCAR Financial MTN
1.300%, 05/10/2019		195		194
Sensata Technologies
5.000%, 10/01/2025 (A)		300		316


				2,417


SEI Institutional Managed Trust / Annual Report / September 30, 2017			97

SCHEDULE OF INVESTMENTS

September 30, 2017

Enhanced Income Fund (Continued)


Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)

Information Technology — 2.3%
Broadcom
2.375%, 01/15/2020 (A)	$	300	$	302
Cisco Systems
1.665%, VAR ICE LIBOR USD 3 Month+0.340%, 09/20/2019		225		226
DXC Technology
2.875%, 03/27/2020		105		106
eBay
2.181%, VAR ICE LIBOR USD 3 Month+0.870%, 01/30/2023		300		301
Fidelity National Information Services
2.850%, 10/15/2018		250		253
Hewlett Packard Enterprise
2.100%, 10/04/2019 (A)		250		250
QUALCOMM
1.766%, VAR ICE LIBOR USD 3 Month+0.450%, 05/20/2020		275		277


				1,715


Materials — 0.9%
Air Liquide Finance
1.375%, 09/27/2019 (A)		225		222
Boart Longyear Management Pty
10.500% cash/0% PIK, 12/31/2022		390		339
Owens-Brockway Glass Container
5.875%, 08/15/2023 (A)		121		134


				695


Real Estate — 0.3%
Equinix
5.750%, 01/01/2025		200		215


Telecommunication Services — 0.7%
AT&T
2.263%, VAR ICE LIBOR USD 3 Month+0.930%, 06/30/2020		300		304
Inmarsat Finance
4.875%, 05/15/2022 (A)		250		255


				559


Utilities — 1.3%
DTE Energy
1.500%, 10/01/2019		260		256
Emera US Finance
2.150%, 06/15/2019		175		175
NextEra Energy Capital Holdings
1.649%, 09/01/2018		90		90
Sempra Energy
1.625%, 10/07/2019		155		154


Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Southern
1.550%, 07/01/2018	$	350	$	350


				1,025

Total Corporate Obligations (Cost $30,576) ($ Thousands)				30,651


LOAN PARTICIPATIONS — 29.6%

Consumer Discretionary — 3.4%
CCM Merger, (MotorCity Casino Hotel), Term Loan, 1st Lien
3.989%, VAR LIBOR+2.750%, 08/06/2021		142		143
Comfort Holding, LLC, Initial Term Loan, 1st Lien
5.981%, VAR LIBOR+4.750%, 02/05/2024		119		107
Conduent, Term B Loan, 1st Lien
5.235%, VAR LIBOR+4.000%, 12/07/2023		107		107
Cumulus Media Holdings, Term Loan, 1st Lien
4.490%, VAR LIBOR+3.250%, 12/23/2020		54		45
ESH Hospitality, Repriced Term Loan, 1st Lien
3.735%, VAR LIBOR+2.500%, 08/30/2023		421		422
Harland Clarke, Cov-Lite, Term B6 Loan, 1st Lien
6.833%, 02/09/2022		57		57
Mission Broadcasting, Term B-2 Loan, 1st Lien
3.732%, VAR LIBOR+2.500%, 01/17/2024		23		23
Mohegan Tribal Gaming Authority, Term B Loan, 1st Lien
5.235%, VAR LIBOR+4.000%, 10/13/2023		294		297
Nexstar Broadcasting, Term B-2 Loan, 1st Lien
3.737%, VAR LIBOR+2.500%, 01/17/2024		185		185


Numericable U.S. LLC, USD Term Loan B, 1st Lien
4.061%, VAR LIBOR+2.750%, 07/31/2025		155		154
Penn National Gaming, Term B Facility Refinancing Loan, 1st Lien
3.735%, VAR LIBOR+2.500%, 01/19/2024		40		40


98		SEI Institutional Managed Trust / Annual Report / September 30, 2017




Description	Face Amount (Thousands)		Market Value ($ Thousands)


LOAN PARTICIPATIONS (continued)
Scientific Games International, Cov-Lite, Initial Term B-4 Loan, 1st Lien
4.522%, VAR LIBOR+3.250%, 08/14/2024	$	90	$	91
Scientific Games International, Initial Term B-4 Loan, 1st Lien
4.485%, VAR LIBOR+3.250%, 08/14/2024		25		25
Univision Communications, Cov-Lite, 2017 Replacement Repriced Term Loan, 1st Lien
3.985%, VAR LIBOR+2.750%, 03/15/2024		228		226
WaveDivision Holdings, LLC, Initial Term Loan, 1st Lien
4.030%, VAR LIBOR+2.750%, 10/15/2019		397		396
WMG Acquisition, Tranche D Term Loan, 1st Lien
3.737%, VAR LIBOR+2.500%, 11/01/2023		250		250


				2,568


Consumer Staples — 1.8%
1011778 BC ULC/New Red Finance (aka Burger King/Tim Hortons), Term Loan B3, 1st Lien
3.583%, VAR LIBOR+2.250%, 02/16/2024		25		25
3.485%, VAR LIBOR+2.250%, 02/16/2024		40		40
Albertson’s LLC, 2017-1 Term B-4 Loan, 1st Lien
3.985%, VAR LIBOR+2.750%, 08/25/2021		92		89
BJ’s Wholesale Club, Tranche B Term Loan, 1st Lien
4.982%, VAR LIBOR+3.750%, 02/03/2024		45		43
General Nutrition Centers, Initial Term Loan, 1st Lien
3.740%, VAR LIBOR+2.500%, 03/04/2019		152		145
Harbor Freight Tools USA, Initial Loan (2016), 1st Lien
4.485%, VAR LIBOR+3.250%, 08/18/2023		211		212
JBS USA Lux S.A. (fka JBS USA, LLC), Initial Term Loan, 1st Lien
3.804%, VAR LIBOR+2.500%, 10/30/2022		141		139
3.757%, VAR LIBOR+2.500%, 10/30/2022		—		—




Description	Face Amount (Thousands)		Market Value ($ Thousands)


LOAN PARTICIPATIONS (continued)
Party City, 2016 Replacement Term Loan, 1st Lien
4.340%, VAR LIBOR+3.000%, 08/19/2022	$	4	$	4
4.320%, VAR LIBOR+3.000%, 08/19/2022		62		62
Petco Animal Supplies, Cov-Lite, Term Loan B1, 1st Lien
4.311%, VAR LIBOR+3.000%, 01/26/2023		84		69
PetSmart, Cov-Lite, Term Loan B, 1st Lien
4.240%, VAR LIBOR+3.000%, 03/11/2022		38		32
Refresco, Term Loan B, 1st Lien
0.000%, 09/27/2024 (C)		36		36
Seminole Hard Rock Entertainment (Seminole Hard Rock International, LLC), Term Loan, 1st Lien
4.046%, VAR LIBOR+2.750%, 05/14/2020		485		485
Toys ‘R’ US-Delaware, Cov-Lite, Initial Term Loan, 1st Lien
8.740%, VAR LIBOR+7.500%, 01/22/2019		16		16


				1,397


Energy — 1.2%
California Resources, Term Loan, 1st Lien
11.609%, VAR LIBOR+10.375%, 12/31/2021		68		72
Chief Exploration & Development LLC, Term Loan, 1st Lien
7.959%, VAR LIBOR+6.500%, 05/16/2021		460		449
Energy Transfer Equity, L.P., Term Loan, 1st Lien
3.981%, VAR LIBOR+2.750%, 02/02/2024		250		251
FTS International, Cov-Lite, Initial Term Loan, 1st Lien
5.985%, VAR LIBOR+4.750%, 04/16/2021		205		191


				963


Financials — 2.7%
Affinion Group, Term Loan, 1st Lien
9.059%, VAR LIBOR+7.750%, 05/10/2022		40		40
AmWINS Group, Term Loan, 1st Lien
3.989%, VAR LIBOR+2.750%, 01/25/2024		92		92
3.981%, VAR LIBOR+2.750%, 01/25/2024		37		37


SEI Institutional Managed Trust / Annual Report / September 30, 2017			99

SCHEDULE OF INVESTMENTS

September 30, 2017

Enhanced Income Fund (Continued)




Description	Face Amount (Thousands)		Market Value ($ Thousands)


LOAN PARTICIPATIONS (continued)
Asurion, Term Loan B2, 2nd Lien
7.235%, VAR LIBOR+6.000%, 08/04/2025	$	176	$	179
CH Hold, Initial Term Loan, 1st Lien
8.485%, VAR LIBOR+7.250%, 02/03/2025		22		22
4.235%, VAR LIBOR+3.000%, 02/01/2024		35		35
Checkout Holding, Term Loan B, 1st Lien
4.735%, VAR LIBOR+3.500%, 04/09/2021		141		118
Emerald 2 Limited, Facility B1, 1st Lien
5.333%, VAR LIBOR+4.000%, 05/14/2021		46		46
Hub International Limited, Initial Term Loan, 1st Lien
4.312%, VAR LIBOR+3.000%, 10/02/2020		297		299
Tempo Acquisition, Cov-Lite, Term Loan B, 1st Lien
4.235%, VAR LIBOR+3.000%, 05/01/2024		190		190
Trans Union LLC, 2017 Replacement Term B-3 Loan, 1st Lien
3.235%, VAR LIBOR+2.000%, 04/10/2023		174		174
UPC Financing Partnership , Facility AP Term Loan, 1st Lien
3.984%, VAR LIBOR+2.750%, 04/15/2025		360		361
York Risk Services Holding (Onex York Finance LP), Term Loan, 1st Lien
4.985%, VAR LIBOR+3.750%, 10/01/2021		466		458


				2,051


Health Care — 3.7%
Acadia Healthcare, Tranche B-1 Term Loan, 1st Lien
3.985%, VAR LIBOR+2.750%, 02/11/2022		195		196
Acadia Healthcare, Tranche B-2 Term Loan, 1st Lien
3.982%, VAR LIBOR+2.750%, 02/16/2023		197		198
Auris Luxembourg III SARL, Incremental Facility B7, 1st Lien
4.333%, VAR LIBOR+3.000%, 01/17/2022		317		318
BPA Laboratories, Initial Term Loan, 2nd Lien
3.811%, 04/29/2020		44		42




Description	Face Amount (Thousands)		Market Value ($ Thousands)


LOAN PARTICIPATIONS (continued)
DJO Finance LLC, Initial Term Loan, 1st Lien
4.487%, VAR LIBOR+3.250%, 06/08/2020	$	115	$	115
4.485%, VAR LIBOR+3.250%, 06/08/2020		112		112
Envision Healthcare (fka Emergency Medical Services Corporation), Initial Term Loan, 2nd Lien
4.240%, VAR LIBOR+3.000%, 12/01/2023		238		239
Equinox, Cov-Lite, Term Loan, 1st Lien
4.485%, VAR LIBOR+3.250%, 03/08/2024		286		287
Equinox, Cov-Lite, Term Loan, 2nd Lien
8.235%, VAR LIBOR+7.000%, 09/06/2024		75		76
Jaguar Holding, 2017 Term Loan, 1st Lien
4.083%, VAR LIBOR+2.750%, 08/18/2022		119		119
Life Time Fitness, 2017 Refinancing Term Loan, 1st Lien
4.317%, VAR LIBOR+3.000%, 06/10/2022		249		250
Press Ganey Holdings, Initial Term Loan, 1st Lien
4.485%, VAR LIBOR+3.250%, 10/23/2023		298		299
Sterigenics-Nordion Holdings, Incremental Term Loan, 1st Lien
4.235%, VAR LIBOR+3.000%, 05/15/2022		264		264
Team Health Holdings, Initial Term Loan, 1st Lien
3.985%, VAR LIBOR+2.750%, 02/06/2024		203		199
U.S. Renal Care, Initial Term Loan, 1st Lien
5.583%, VAR LIBOR+4.250%, 12/30/2022		51		50
Valeant Pharmaceuticals International, Ser F Tranche B Term Loan, 1st Lien
5.990%, VAR LIBOR+4.750%, 04/01/2022		48		49


				2,813


Industrials — 3.2%
Air Medical Group Holdings, Initial Term Loan, 1st Lien
4.485%, VAR LIBOR+3.250%, 04/28/2022		216		214
A-L Parent LLC, Initial Term Loan, 1st Lien
4.490%, VAR LIBOR+3.250%, 12/01/2023		45		45


100		SEI Institutional Managed Trust / Annual Report / September 30, 2017




Description	Face Amount (Thousands)		Market Value ($ Thousands)


LOAN PARTICIPATIONS (continued)
Atotech BV, Initial Term B-1 Loan, 1st Lien
4.333%, VAR LIBOR+3.000%, 01/31/2024	$	69	$	70
Clark Equipment, Tranche B Term Loan, 1st Lien
4.083%, VAR LIBOR+2.750%, 05/18/2024		50		50
Columbus McKinnon, Initial Term Loan, 1st Lien
4.296%, VAR LIBOR+3.000%, 01/31/2024		51		51
Dex Media, Term Loan, 1st Lien
11.235%, VAR LIBOR+10.000%, 07/29/2021		47		48
DH Publishing, Term B-5 Loan, 1st Lien
3.731%, VAR LIBOR+2.500%, 08/21/2023		193		193
Fort Dearborn Holding, Initial Term Loan, 1st Lien
5.299%, VAR LIBOR+4.000%, 10/19/2023		37		37
5.232%, VAR LIBOR+4.000%, 10/19/2023		1		—
Forterra Finance, Cov-Lite, Term Loan B, 1st Lien
4.239%, VAR LIBOR+3.000%, 10/25/2023		297		251
Garda World, Cov-Lite, Term Loan, 1st Lien
7.250%, 05/24/2024		—		—
5.311%, 05/24/2024		99		100
Gardner Denver, Cov-Lite, Term Loan B, 1st Lien
4.083%, VAR LIBOR+2.750%, 07/30/2024		105		105
KEMET Electronics, Initial Term Loan, 1st Lien
7.235%, VAR LIBOR+6.000%, 04/26/2024		62		62
McGraw-Hill Global Education Holdings, LLC, Term B Loan, 1st Lien
5.235%, VAR LIBOR+4.000%, 05/04/2022		99		97
Multi-Color, Term Loan B, 1st Lien 0.000%, 09/20/2024 (C)		54		54
Pardus Oil & Gas LLC, Cov-Lite PIK, Initial Term Loan, 2nd Lien
5.000%, 05/13/2022 (B)		33		—
Pardus Oil and Gas LLC (fka Energy & Exploration Partners, LLC), Tranche A Term Loan, 1st Lien
13.000%, VAR PIK Interest+13.000%, 11/12/2021 (B)		67		6




Description	Face Amount (Thousands)		Market Value ($ Thousands)


LOAN PARTICIPATIONS (continued)
RBS Global (Rexnord LLC), Term B Loan Refinancing, 1st Lien
4.080%, VAR LIBOR+2.750%, 08/21/2023	$	112	$	113
4.062%, VAR LIBOR+2.750%, 08/21/2023		129		129
3.987%, VAR LIBOR+2.750%, 08/21/2023		9		9
3.985%, VAR LIBOR+2.750%, 08/21/2023		26		26
Sai Global, Term Loan B, 1st Lien
5.833%, 12/08/2023		58		59
5.796%, 12/08/2023		15		15
Seadrill Operating LP (Seadrill Partners Finco LLC), Initial Term Loan, 1st Lien
4.333%, VAR LIBOR+3.000%, 02/21/2021		79		58
Sequa Mezzanine Holdings, Cov-Lite, Initial Term Loan, 1st Lien
6.814%, VAR LIBOR+5.500%, 11/28/2021		113		114
6.758%, VAR LIBOR+5.500%, 11/28/2021		—		—
Sequa Mezzanine Holdings, Cov-Lite, Initial Term Loan, 2nd Lien
10.314%, VAR LIBOR+9.000%, 04/28/2022		89		91
Terex, Cov-Lite, Incremental U.S. Term Loan, 1st Lien
3.583%, VAR LIBOR+2.250%, 01/31/2024		179		179
Transdigm, Cov-Lite, Term Loan D, 1st Lien
4.333%, VAR LIBOR+3.000%, 06/04/2021		233		233
4.235%, VAR LIBOR+3.000%, 06/04/2021		15		15
Wrangler Buyer, Term Loan B, 1st Lien
4.234%, 09/20/2024		41		41

				2,465

Information Technology — 4.0%
Applied Systems, Cov-Lite, Term Loan B, 1st Lien
4.574%, 09/19/2024		174		176
Applied Systems, Initial Term Loan, 2nd Lien
8.324%, 09/19/2025		14		14
Dell International L.L.C. (EMC), New Term B Loan, 1st Lien
3.740%, VAR LIBOR+2.500%, 09/07/2023		181		181
Diebold Nixdorf, Term Loan B, 1st Lien
4.000%, VAR LIBOR+2.750%, 11/06/2023		40		40


SEI Institutional Managed Trust / Annual Report / September 30, 2017			101

SCHEDULE OF INVESTMENTS

September 30, 2017

Enhanced Income Fund (Continued)




Description	Face Amount (Thousands)		Market Value ($ Thousands)


LOAN PARTICIPATIONS (continued)
EIG Investors, Refinancing Loan, 1st Lien
5.318%, VAR LIBOR+4.000%, 02/09/2023	$	357	$	360
5.236%, VAR LIBOR+4.000%, 02/09/2023		3		3
Epicor Software (fka Eagle Parent), Term B Loan, 1st Lien
4.990%, VAR LIBOR+3.750%, 06/01/2022		295		295
Evergreen Skills Lux SARL, Initial Term Loan, 1st Lien
5.985%, VAR LIBOR+4.750%, 04/28/2021		282		266
First Data, 2024 New Dollar Term Loan, 1st Lien
3.737%, VAR LIBOR+2.500%, 04/26/2024		215		215
Go Daddy Operating LLC (GD Finance), Initial Term Loan, 1st Lien
3.735%, VAR LIBOR+2.500%, 02/15/2024		245		246
GTT Communications, Tranche B Term Loan, 1st Lien
4.500%, VAR LIBOR+3.250%, 01/09/2024		77		77
Infoblox, Term Loan, 1st Lien
6.235%, VAR LIBOR+5.000%, 11/07/2023		177		178
Ivanti Software (fka LANDesk Group), Term Loan, 1st Lien
5.490%, VAR LIBOR+4.250%, 01/20/2024		63		62
Kronos, Incremental Term Loan, 1st Lien
4.812%, VAR LIBOR+3.500%, 11/01/2023		102		103
Misys Limited, Cov-Lite, Initial Term Loan, 2nd Lien
8.567%, VAR LIBOR+7.250%, 06/13/2025		75		76
Misys Limited, Dollar Term Loan, 1st Lien
4.817%, VAR LIBOR+3.500%, 06/13/2024		154		155
Oberthur Technologies Holding SAS (fka OT Frenchco 1 SAS), Facility B1 (USD), 1st Lien
5.083%, VAR LIBOR+3.750%, 01/10/2024		72		70
ON Semiconductor, Cov-Lite, 2017 New Replacement Term Loan, 1st Lien
3.485%, VAR LIBOR+2.250%, 03/31/2023		66		66
Optiv, Initial Term Loan, 1st Lien
8.563%, VAR LIBOR+7.250%, 01/31/2025		47		43




Description	Face Amount (Thousands)		Market Value ($ Thousands)


LOAN PARTICIPATIONS (continued)
4.563%, VAR LIBOR+3.250%, 02/01/2024	$	111	$	104
Quintiles, Cov-Lite, Term Loan B-2, 1st Lien
3.321%, 01/17/2025		51		51
Rocket Software, Cov-Lite, Term Loan, 1st Lien
5.546%, VAR LIBOR+4.250%, 10/14/2023		71		72
Rocket Software, Cov-Lite, Term Loan, 2nd Lien
10.796%, VAR LIBOR+9.500%, 10/14/2024		25		25
Solera, LLC (Solera Finance), Dollar Term Loan, 1st Lien
4.485%, VAR LIBOR+3.250%, 03/03/2023		46		46
VF Holding, Term B-1 Loan, 1st Lien
4.485%, 06/30/2023		104		104


				3,028


Materials — 5.6%
Berlin Packaging, Cov-Lite, Term Loan B, 1st Lien
4.590%, VAR LIBOR+3.250%, 10/01/2021		74		74
4.490%, VAR LIBOR+3.250%, 10/01/2021		124		125
Ceramtec Acquisition, Dollar Term Loan B1, 1st Lien
4.067%, 08/30/2020		163		164
Ceramtec Acquisition, Dollar Term Loan B3, 1st Lien
4.067%, 08/30/2020		49		50
Ceramtec Acquisition, Initial Dollar Term Loan B2, 1st Lien
4.067%, 08/30/2020		20		20
Charter NEX, Initial Term Loan, 1st Lien
4.485%, VAR LIBOR+3.250%, 05/16/2024		146		146
Constantia Flexibles, Cov-Lite, Initial Term Loan, 1st Lien
4.296%, 04/30/2022		32		32
Constantia Flexibles, Cov-Lite, Term Loan B2A, 1st Lien
4.296%, 04/30/2022		164		163
Emerald Performance Materials, LLC, Initial Term Loan, 1st Lien
4.735%, VAR LIBOR+3.500%, 07/30/2021		98		98
Fairmount Minerals, Term Loan B2, 1st Lien
4.735%, VAR LIBOR+3.500%, 09/05/2019		239		237


102		SEI Institutional Managed Trust / Annual Report / September 30, 2017




Description	Face Amount (Thousands)		Market Value ($ Thousands)


LOAN PARTICIPATIONS (continued)
Flex Acquisition, Initial Term Loan, 1st Lien
5.000%, VAR LIBOR+3.000%, 12/29/2023	$	136	$	136
Huntsman International LLC, 2023 Term B Loan, 1st Lien
4.239%, VAR LIBOR+3.000%, 04/01/2023		133		134
INEOS, Dollar Term Loan, 1st Lien
3.985%, 03/31/2022		352		354
Jeld-Wen, Cov-Lite, Term Loan B, 1st Lien
4.333%, VAR LIBOR+3.000%, 07/01/2022		533		537
Kraton Polymers LLC, Cov-Lite, Term Loan, 1st Lien
4.235%, VAR LIBOR+3.000%, 01/06/2022		70		71
LBM Borrower, LLC, Cov-Lite, Term Loan, 1st Lien
5.735%, 08/20/2022		127		128
Mueller Water Products, Term Loan B, 1st Lien
3.833%, VAR LIBOR+2.500%, 11/25/2021		76		77
3.796%, VAR LIBOR+2.500%, 11/25/2021		15		15
3.739%, VAR LIBOR+2.500%, 11/25/2021		4		4
Murray Energy, Term B-2 Loan, 1st Lien
8.546%, VAR LIBOR+7.250%, 04/16/2020		260		237
Peabody Energy, Term Loan, 1st Lien
4.735%, VAR LIBOR+3.500%, 03/31/2022		70		71
Pike, Initial Term Loan, 1st Lien
4.740%, VAR LIBOR+3.500%, 09/20/2024		29		29
Pregis Holding I, Term Loan, 1st Lien
4.833%, VAR LIBOR+3.500%, 05/20/2021		120		120
Reynolds Group Holdings, Cov-Lite, Term Loan, 1st Lien
4.235%, VAR LIBOR+2.750%, 02/05/2023		381		382
Ring Container Technologies Group, Term Loan, 1st Lien
0.000%, 09/27/2024 (C)		49		49
Royal Adhesives & Sealants, Cov-Lite, Term Loan, 1st Lien
4.583%, 06/20/2022		125		125




Description	Face Amount (Thousands)		Market Value ($ Thousands)


LOAN PARTICIPATIONS (continued)
Signode Industrial Group Lux S.A. (Signode Industrial Group US), Initial Term B Loan, 1st Lien
4.083%, VAR LIBOR+2.750%, 05/01/2021	$	99	$	99
3.985%, VAR LIBOR+2.750%, 05/01/2021		64		65
Tricorbraun Holdings, Closing Date Term Loan, 1st Lien
5.046%, 11/30/2023		69		69
Tronox Finance, Cov-Lite, Term Loan B, 1st Lien
3.000%, 09/23/2024		178		179
Wilsonart LLC, Tranche D Term Loan, 1st Lien
4.590%, VAR LIBOR+3.250%, 12/19/2023		298		299

				4,289


Real Estate — 0.7%
Communications Sales & Leasing, Cov-Lite, Initial Term Loan, 1st Lien
4.235%, VAR LIBOR+3.000%, 10/24/2022		272		251
RE/MAX, LLC (fka RE/MAX International, LLC), Term Loan, 1st Lien
4.046%, VAR LIBOR+2.750%, 12/15/2023		254		255

				506


Retailing — 0.1%
Academy Ltd., Cov-Lite, Term Loan B, 1st Lien
5.314%, VAR LIBOR+4.000%, 07/01/2022		21		14
5.232%, VAR LIBOR+4.000%, 07/01/2022		6		4
5.235%, VAR LIBOR+4.000%, 07/01/2022		61		41
5.318%, VAR LIBOR+4.000%, 07/01/2022		40		27

				86


Telecommunications — 3.0%
CenturyLink, Cov-Lite, Term Loan B, 1st Lien
2.750%, VAR Ticking Fee+2.750%,
01/31/2025		110		107
Digicel, Cov-Lite, Term Loan, 1st Lien
5.070%, VAR LIBOR+3.750%, 05/27/2024		100		100
DigitalGlobe, Term Loan, 1st Lien
3.985%, VAR LIBOR+2.750%, 01/15/2024		199		198


SEI Institutional Managed Trust / Annual Report / September 30, 2017			103

SCHEDULE OF INVESTMENTS

September 30, 2017

Enhanced Income Fund (Continued)




Description	Face Amount (Thousands)		Market Value ($ Thousands)


LOAN PARTICIPATIONS (continued)
Greeneden U.S. Holdings I, LLC, Tranche B-2 Dollar Term Loan, 1st Lien
5.083%, VAR LIBOR+3.750%, 12/01/2023	$	5	$	5
Intelsat Jackson Holdings SA, Tranche B-2 Term Loan, 1st Lien
4.071%, VAR LIBOR+2.750%, 06/30/2019		244		243
Level 3 Financing, Cov-Lite, Tranche B 2024 Term Loan B, 1st Lien
3.486%, VAR LIBOR+2.250%, 02/22/2024		250		250
LTS Buyer LLC (Sidera Networks, Inc.), Term B Loan, 1st Lien
4.546%, VAR LIBOR+3.250%, 04/13/2020		276		276
MacDonald Dettwiler, Term Loan B, 1st Lien
0.000%, 10/04/2024 (C)		206		206
Masergy Holdings, Term Loan, 1st Lien
5.083%, 12/15/2023		59		59
Radiate Holdco, LLC, Closing Date Term Loan, 1st Lien
4.235%, VAR LIBOR+3.000%, 02/01/2024		120		118
Sprint Communications, Initial Term Loan, 1st Lien
3.750%, VAR LIBOR+2.500%, 02/02/2024		233		233
Syniverse Holdings, Initial Term Loan, 1st Lien
4.311%, VAR LIBOR+3.000%, 04/23/2019		15		14
Telenet Financing, Term Loan, 1st Lien
3.984%, VAR LIBOR+2.750%, 06/30/2025		150		150
WideOpenWest Finance, LLC, Eighth Amendment Term B Loan, 1st Lien
4.484%, VAR LIBOR+3.250%, 08/18/2023		307		306


				2,265


Utilities — 0.2%
Dynegy, Tranche C-1 Term Loan, 1st Lien
4.485%, VAR LIBOR+3.250%, 02/07/2024		85		86
Vistra Operations Company LLC (fka Tex Operations Company LLC), 2016 Incremental Term Loan, 1st Lien
3.984%, VAR LIBOR+2.750%, 12/14/2023		85		86




Description	Face Amount (Thousands)		Market Value ($ Thousands)


LOAN PARTICIPATIONS (continued)
3.982%, VAR LIBOR+2.750%, 12/14/2023	$	28	$	28


				200

Total Loan Participations (Cost $22,981) ($ Thousands)				22,631


ASSET-BACKED SECURITIES — 16.1%

Automotive — 6.6%
American Credit Acceptance Receivables Trust, Ser 2017-2, Cl A
1.840%, 07/13/2020 (A)		208		208
AmeriCredit Automobile Receivables Trust, Ser 2015-1, Cl A3
1.260%, 11/08/2019		39		39
AmeriCredit Automobile Receivables Trust, Ser 2016-2, Cl A3
1.600%, 11/09/2020		205		205
Americredit Automobile Receivables Trust, Ser 2016-4, Cl A2A
1.340%, 04/08/2020		196		196
Chrysler Capital Auto Receivables Trust, Ser 2014-AA, Cl A4
1.310%, 05/15/2019 (A)		1		1
Credit Acceptance Auto Loan Trust, Ser 2017- 2A, Cl A
2.550%, 02/17/2026 (A)		250		250
Enterprise Fleet Financing, Ser 2016-2, Cl A2
1.740%, 02/22/2022 (A)		210		210
Enterprise Fleet Financing, Ser 2017-2, Cl A2
1.970%, 01/20/2023 (A)		100		100
First Investors Auto Owner Trust, Ser 2016- 1A, Cl A1
1.920%, 05/15/2020 (A)		76		76
First Investors Auto Owner Trust, Ser 2017- 2A, Cl A1
1.860%, 10/15/2021 (A)		55		55
Flagship Credit Auto Trust, Ser 2017-2, Cl A
1.850%, 07/15/2021 (A)		107		107
Flagship Credit Auto Trust, Ser 2017-3, Cl A
1.880%, 10/15/2021 (A)		146		146
Ford Credit Auto Lease Trust, Ser 2015-B,Cl B
1.920%, 03/15/2019		325		325
Ford Credit Floorplan Master Owner Trust, Ser 2016-4, Cl A
1.757%, VAR LIBOR USD 1 Month+0.530%, 07/15/2020		290		291
Ford Credit Floorplan Master Owner Trust, Ser 2016-5, Cl A1
1.950%, 11/15/2021		150		150


104		SEI Institutional Managed Trust / Annual Report / September 30, 2017



Description	Face Amount (Thousands)		Market Value ($ Thousands)

ASSET-BACKED SECURITIES (continued)
GLS Auto Receivables Trust, Ser 2016-1A, Cl A
2.730%, 10/15/2020 (A)	$	118	$	118
GLS Auto Receivables Trust, Ser 2017-1A, Cl A2
2.670%, 04/15/2021 (A)		205		205
GM Financial Automobile Leasing Trust, Ser 2015-1, Cl A3
1.530%, 09/20/2018		64		64
GM Financial Automobile Leasing Trust, Ser 2015-2, Cl A3
1.680%, 12/20/2018		53		53
GM Financial Automobile Leasing Trust, Ser 2016-2, Cl A3
1.620%, 09/20/2019		230		230
Hyundai Auto Lease Securitization Trust, Ser 2016-B, Cl A3
1.520%, 10/15/2019 (A)		200		200
Hyundai Auto Lease Securitization Trust, Ser 2017-A, Cl A2A
1.560%, 07/15/2019 (A)		191		191
Prestige Auto Receivables Trust, Ser 2017-1A, Cl A3
2.050%, 10/15/2021 (A)		300		300
Santander Drive Auto Receivables Trust, Ser 2016-1, Cl B
2.470%, 12/15/2020		250		251
Santander Drive Auto Receivables Trust, Ser 2016-3, Cl C
2.460%, 03/15/2022		150		151
Securitized Term Auto Receivables Trust, Ser 2017-2A, Cl A2A
1.775%, 01/27/2020 (A)		65		65
Toyota Auto Receivables Owner Trust, Ser 2016-B, Cl A3
1.300%, 04/15/2020		100		100
United Auto Credit Securitization Trust, Ser 2017-1, Cl A
1.890%, 05/10/2019 (A)		185		184
Westlake Automobile Receivables Trust, Ser 2016-2A, Cl A2
1.570%, 06/17/2019 (A)		120		120
Westlake Automobile Receivables Trust, Ser 2016-2A, Cl B
2.300%, 11/15/2019 (A)		350		351
Westlake Automobile Receivables Trust, Ser 2017-1A, Cl A2
1.780%, 04/15/2020 (A)		100		100

				5,042


Credit Cards — 0.9%

Cabela’s Credit Card Master Note Trust, Ser 2016-1, Cl A1
1.780%, 06/15/2022		355		354

Description

Face Amount

(Thousands)

Market Value

($ Thousands)



ASSET-BACKED SECURITIES (continued)
Capital One Multi-Asset Execution Trust, Ser 2016-A1, Cl A1
1.684%, VAR LIBOR USD 1 Month+0.450%, 02/15/2022	$	300	$	302

				656


Other Asset-Backed Securities — 8.6%

Accredited Mortgage Loan Trust, Ser 2004-4, Cl A1A
1.914%, VAR ICE LIBOR USD 1 Month+0.680%, 01/25/2035		143		143
Aegis Asset-Backed Securities Trust Mortgage Pass-Through Certificates, Ser 2004-3, Cl A2B
2.337%, VAR ICE LIBOR USD 1 Month+1.100%, 09/25/2034		19		19
Apidos CLO XII, Ser 2013-12A, Cl A
2.258%, VAR ICE LIBOR USD 3 Month+1.100%, 04/15/2025 (A)		495		496
Cent CLO, Ser 2014-16AR, Cl A1AR
2.420%, VAR ICE LIBOR USD 3 Month+1.250%, 08/01/2024 (A)		406		407
Cent CLO, Ser 2017-20A, Cl AR
2.414%, VAR ICE LIBOR USD 3 Month+1.100%, 01/25/2026 (A)		325		325
Chesapeake Funding II, Ser 2017-2A, Cl A1
1.990%, 05/15/2029 (A)		200		200
CIFC Funding, Ser 2017-1A, Cl A1R
2.561%, VAR ICE LIBOR USD 3 Month+1.250%, 07/16/2030 (A)		250		251
CNH Equipment Trust, Ser 2016-B, Cl A2A
1.310%, 10/15/2019		114		114
Dryden XXXI Senior Loan Fund, Ser 2017-31A,Cl AR
2.238%, VAR ICE LIBOR USD 3 Month+1.080%, 04/18/2026 (A)		350		351
First Franklin Mortgage Loan Trust, Ser 2006-FF1, Cl 2A3
1.477%, VAR ICE LIBOR USD 1 Month+0.240%, 01/25/2036		6		6
Limerock CLO II, Ser 2017-2A, Cl AR
2.458%, VAR ICE LIBOR USD 3 Month+1.300%, 04/18/2026 (A)		300		301
MMAF Equipment Finance, Ser 2017-AA, Cl A2
1.730%, 05/18/2020 (A)		100		100
Nationstar HECM Loan Trust, Ser 2016-2A, Cl A
2.239%, 06/25/2026 (A)		75		76
Nationstar HECM Loan Trust, Ser 2017-1A, Cl A
1.968%, 05/25/2027 (A)		68		68


SEI Institutional Managed Trust / Annual Report / September 30, 2017			105

SCHEDULE OF INVESTMENTS

September 30, 2017

Enhanced Income Fund (Continued)



Description	Face Amount (Thousands)		Market Value ($ Thousands)

ASSET-BACKED SECURITIES (continued)
Nationstar HECM Loan Trust, Ser 2017-2A, Cl A1
2.038%, 09/25/2027 (A)	$	100	$	100
NYCTL Trust, Ser 2017-A, Cl A
1.870%, 11/10/2030 (A)		215		215
NYCTL Trust, Ser 2015-A, Cl A
1.340%, 11/10/2028 (A)		58		58
NYCTL Trust, Ser 2016-A, Cl A
1.470%, 11/10/2029 (A)		47		47
Octagon Investment Partners XVI Ltd., Ser 2013-1A, Cl A
2.424%, VAR ICE LIBOR USD 3 Month+1.120%, 07/17/2025 (A)		550		551
Octagon Investment Partners XX, Ser 2017- 1A, Cl AR
2.439%, VAR ICE LIBOR USD 3 Month+1.130%, 08/12/2026 (A)		250		252
OHA Credit Partners VIII Ltd., Ser 2013-8A, Cl A
2.276%, VAR ICE LIBOR USD 3 Month+1.120%, 04/20/2025 (A)		306		307
SLM Student Loan Trust, Ser 2005-4, Cl A3
1.434%, VAR ICE LIBOR USD 3 Month+0.120%, 01/25/2027		122		122
SLM Student Loan Trust, Ser 2008-5, Cl A4
3.014%, VAR ICE LIBOR USD 3 Month+1.700%, 07/25/2023		305		314
SLM Student Loan Trust, Ser 2008-9, Cl A
2.814%, VAR ICE LIBOR USD 3 Month+1.500%, 04/25/2023		142		145
SLM Student Loan Trust, Ser 2011-1, Cl A1
1.757%, VAR ICE LIBOR USD 1 Month+0.520%, 03/25/2026		224		225
SoFi Professional Loan Program, Ser 2014-A, Cl A1
2.832%, VAR ICE LIBOR USD 1 Month+1.600%, 06/25/2025 (A)		113		115
SPS Servicer Advance Receivables Trust, Ser 2016-T1, Cl AT1
2.530%, 11/16/2048 (A)		151		150
Symphony CLO Ltd., Ser 2014-8AR, Cl BR
2.905%, VAR ICE LIBOR USD 1 Month+1.750%, 01/09/2023 (A)		805		804
VOLT LX, Ser 2017-NPL7, Cl A1
3.250%, 04/25/2059 (A)		84		84
Voya CLO, Ser 2017-4A, Cl A2AR
2.754%, VAR ICE LIBOR USD 3 Month+1.450%, 10/14/2026 (A)		250		250
				6,596
Total Asset-Backed Securities (Cost $12,280) ($ Thousands)				12,294



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES — 11.1%
Agency Mortgage-Backed Obligations — 3.4%
FHLMC
6.000%, 09/01/2026	$	46	$	52
FNMA
6.500%, 09/01/2026		37		41
6.000%, 11/01/2026 to 04/01/2040 (E)		293		331
5.000%, 02/01/2023 to 03/01/2025		65		68
FNMA TBA
3.500%, 10/16/2027		900		937
FNMA, Ser 2017-KT01
1.556%, 02/25/2020		65		65
FREMF Mortgage Trust, Ser 2014-K503, Cl C
3.078%, 10/25/2047 (A)		155		154
FREMF Mortgage Trust, Ser K703, Cl B
5.045%, 07/25/2044 (A)		250		254
FREMF Mortgage Trust, Ser K706, Cl C
4.169%, 11/25/2044 (A)		150		152
NCUA Guaranteed Notes, Ser 2010-R1, Cl 1A
1.681%, VAR LIBOR USD 1 Month+ 0.450%, 10/07/2020		191		192
NCUA Guaranteed Notes, Ser 2011-R1, Cl 1A
1.681%, VAR LIBOR USD 1 Month+ 0.450%, 01/08/2020		263		264
NCUA Guaranteed Notes, Ser 2011-R3, Cl 1A
1.629%, VAR LIBOR USD 1 Month+0.400%, 03/11/2020		80		80
NCUA Guaranteed Notes, Ser 2011-R4, Cl 1A
1.607%, VAR LIBOR USD 1 Month+0.380%, 03/06/2020		2		2

				2,592
Non-Agency Mortgage-Backed Obligations — 7.7%
BAMLL Re-REMIC Trust 2015, Ser FR11, Cl A705
1.836%, 09/27/2044 (A)		200		197
Banc of America Mortgage Securities, Ser 2004-J, Cl 2A1
3.382%, 11/25/2034		45		46
Banc of America Mortgage Securities, Ser 2005-C, Cl 2A2
3.679%, 04/25/2035		142		134
Banc of America Mortgage Securities, Ser 2005-I, Cl 2A1
3.282%, 10/25/2035		116		110
BBCMS 2017-DELC Mortgage Trust, Ser DELC, Cl A
2.077%, VAR LIBOR USD 1 Month+0.850%, 08/15/2036 (A)		250		250
Citigroup Commercial Mortgage Trust, Ser 2008-C7, Cl A4
6.427%, 12/10/2049		34		34


106		SEI Institutional Managed Trust / Annual Report / September 30, 2017



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
Citigroup Mortgage Loan Trust, Ser 2004- HYB3, Cl 1A
3.574%, 09/25/2034	$	30	$	30
COLT Mortgage Loan Trust, Ser 2016-3, Cl A3
3.750%, 12/26/2046 (A)		125		129
COLT Mortgage Loan Trust, Ser 2017-1, Cl A1
2.614%, 05/27/2047 (A)		81		82
COMM Mortgage Trust, Ser 2013-CR10, Cl A1
1.278%, 08/10/2046		84		84
Deephaven Residential Mortgage Trust, Ser 2017-1A, Cl A1
2.725%, 12/26/2046 (A)		77		77
Deephaven Residential Mortgage Trust, Ser 2017-2A, Cl A1
2.453%, 06/25/2047 (A)		88		87
FHLMC Structured Agency Credit Risk Debt Notes, ser 2017-HQAl CL M1
2.434%, 04/25/2029		239		241
FHLMC Structured Agency Credit Risk Debt Notes, Ser 2013-DN1, Cl M1
4.637%, VAR ICE LIBOR USD 1 Month+3.400%, 07/25/2023		138		140
FHLMC Structured Agency Credit Risk Debt Notes, Ser 2014-DN2, Cl M2
2.884%, VAR ICE LIBOR USD 1 Month+1.650%, 04/25/2024		199		201
FHLMC Structured Agency Credit Risk Debt Notes, Ser 2015-DN1, Cl M2
3.637%, VAR ICE LIBOR USD 1 Month+2.400%, 01/25/2025		70		70
FHLMC Structured Agency Credit Risk Debt Notes, Ser 2015-HQ1, Cl M3
5.037%, VAR ICE LIBOR USD 1 Month+3.800%, 03/25/2025		250		269
FNMA Connecticut Avenue Securities, Ser 2014-C02, Cl 2M1
2.184%, VAR ICE LIBOR USD 1 Month+0.950%, 05/25/2024		15		15
FNMA Connecticut Avenue Securities, Ser 2014-C02, Cl 1M1
2.184%, VAR ICE LIBOR USD 1 Month+0.950%, 05/25/2024		99		100
FNMA Connecticut Avenue Securities, Ser 2014-C03, Cl 1M1
2.434%, VAR ICE LIBOR USD 1 Month+1.200%, 07/25/2024		42		42
FNMA Connecticut Avenue Securities, Ser 2017-C02, Cl 2M1
2.384%, VAR ICE LIBOR USD 1
Month+1.150%, 09/25/2029		101		102



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
GS Mortgage Securities Trust, Ser- 2017 500K, Cl A
1.934%, VAR LIBOR USD 1 Month+0.700%, 07/15/2032 (A)	$	135	$	135
GS Mortgage Securities, Ser 2010-C2, Cl A1
3.849%, 12/10/2043 (A)		47		48
GS Mortgage Securities, Ser 2013-GC13, Cl A1
1.206%, 07/10/2046		1		1
Impac CMB Trust, Ser 2005-1, Cl 1A1
1.754%, VAR ICE LIBOR USD 1 Month+0.520%, 04/25/2035		142		135
LB-UBS Commercial Mortgage Trust, Ser 2008-C1, Cl A2
6.319%, 04/15/2041		252		254
LSTAR Securities Investment Trust, Ser 2017- 3, Cl A1
3.235%, VAR ICE LIBOR USD 1 Month+2.000%, 04/01/2022 (A)		75		75
MFA Trust, Ser 2017-RPL1, Cl A1
2.588%, 02/25/2057 (A)		92		92
Mill City Mortgage Loan Trust, Ser 2017-3, Cl A1
2.750%, 02/25/2058 (A)		100		101
Morgan Stanley Re-REMIC Trust, Ser 2012-IO, Cl AXA
1.000%, 03/27/2051 (A)		81		82
Mortgage Repurchase Agreement Financing Trust, Ser 2016-5, Cl A
2.401%, VAR ICE LIBOR USD 1 Month+1.170%, 06/10/2019 (A)		300		300
MortgageIT Trust, Ser 2005-5, Cl A1
1.494%, VAR ICE LIBOR USD 1 Month+0.260%, 12/25/2035		399		398
New Residential Mortgage Loan Trust, Ser 2017-3A, Cl A1
4.000%, 04/25/2057 (A)		114		119
Option One Mortgage Loan Trust, Ser 2005- 1, Cl A1A
1.734%, VAR ICE LIBOR USD 1 Month+0.500%, 02/25/2035		53		53
Sequoia Mortgage Trust, Ser 2004-10, Cl A2
1.876%, VAR ICE LIBOR USD 1 Month+0.640%, 11/20/2034		95		94
Sequoia Mortgage Trust, Ser 2004-11, Cl A1
1.836%, VAR ICE LIBOR USD 1 Month+0.600%, 12/20/2034		73		71
Sequoia Mortgage Trust, Ser 2005-2, Cl A1
1.456%, VAR ICE LIBOR USD 1 Month+0.220%, 03/20/2035		46		44
Series RRX Trust, Ser 2014-1A, Cl A, PO
0.000%, 08/26/2044 (A)		200		196


SEI Institutional Managed Trust / Annual Report / September 30, 2017		107

SCHEDULE OF INVESTMENTS

September 30, 2017

Enhanced Income Fund (Continued)




Description	Face Amount (Thousands)		Market Value ($ Thousands)


MORTGAGE-BACKED SECURITIES (continued)
Towd Point Mortgage Trust, Ser 2015-4, Cl A1B
2.750%, 04/25/2055 (A)	$	108	$	108
Towd Point Mortgage Trust, Ser 2015-5, Cl A1B
2.750%, 05/25/2055 (A)		114		114
Towd Point Mortgage Trust, Ser 2016-1, Cl A1B
2.750%, 02/25/2055 (A)		115		115
Towd Point Mortgage Trust, Ser 2016-3, Cl A1
2.250%, 04/25/2056 (A)		239		238
Towd Point Mortgage Trust, Ser 2016-4, Cl A1
2.250%, 07/25/2056 (A)		377		374
Washington Mutual Mortgage Pass-Through Certificates, Ser 2006-AR2, Cl 1A1
2.912%, 03/25/2036		183		174
Wells Fargo Mortgage-Backed Securities Trust, Ser 2004-BB, Cl A2
3.089%, 01/25/2035		109		110

				5,871
Total Mortgage-Backed Securities (Cost $8,471) ($ Thousands)				8,463

MUNICIPAL BONDS — 1.1%

California — 0.3%
California State, RB
2.012%, 04/01/2047 (D)		250		251

Florida — 0.5%
Florida State, Board of Administration Finance, Ser A, RB
2.163%, 07/01/2019		350		351

Illinois — 0.2%
Illinois State, GO
5.665%, 03/01/2018		135		137
5.163%, 02/01/2018		5		5

				142

Indiana — 0.1%
City of Whiting, AMT, RB
1.690%, 12/01/2044 (D)		100		100

Total Municipal Bonds (Cost $841) ($ Thousands)				844




Description	Shares		Market Value ($ Thousands)


PREFERRED STOCK — 0.2%
TE Holdcorp, 0.000% *		16,542	$	153
Total Preferred Stock (Cost $155) ($ Thousands)				153

COMMON STOCK — 0.1%
Boart Longyear *		1,766,201		34
Energy & Exploration Partners *		85		—
TE Holdcorp *		11,340		30

Total Common Stock (Cost $512) ($ Thousands)				64

		Number of Rights

*RIGHTS — 0.0%**
Texas Competitive Electric Holdings LLC, Taxable Receivable Agreement Rights 0.000 ‡‡		2,451		2
Total Rights (Cost $3) ($ Thousands)				2

		Number of Warrants

*WARRANTS — 0.0%**
Lion Holding Warrants, Cl A, Expires 12/30/2027 Strike Price $–		385		–

Total Warrants
(Cost $—) ($ Thousands)				–

	Shares

CASH EQUIVALENT — 2.5%
SEI Daily Income Trust, Government Fund, Cl F 0.840%**^†		1,877,667		1,878
Total Cash Equivalent (Cost $1,878) ($ Thousands)				1,878


108		SEI Institutional Managed Trust / Annual Report / September 30, 2017


Description	Face Amount (Thousands)		Market Value ($ Thousands)

REPURCHASE AGREEMENT — 0.9%
Goldman Sachs
1.020%, dated 09/29/2017, to be repurchased on 10/02/2017, repurchase price $700,060 (collateralized by various FNMA obligations, ranging in par value $97,662 - $795,456, 3.409% - 3.500%, 12/01/2040 - 05/01/2047; total market value $714,000) (F)	$	700	$	700


Total Repurchase Agreement (Cost $700) ($ Thousands)				700


Total Investments in Securities— 101.7% (Cost $78,397) ($ Thousands)			$	77,680

A list of the open futures contracts held by the Fund at September 30, 2017, is as follows:


Type of Contract	Number of Contracts Long/(Short)		Expiration Date		Notional Amount ($ Thousands)				Value ($ Thousands)				Unrealized Appreciation (Depreciation) ($Thousands)
U.S. 10-Year Treasury Note		(8)		Dec-2017		$	(1,013	)		$	(1,003	)		$	10
U.S. 2-Year Treasury Note		(12)		Jan-2018			(2,594	)			(2,588	)			6
U.S. 5-Year Treasury Note		4		Dec-2017			473				470				(3	)

						$	(3,134	)		$	(3,121	)		$	13

Percentages are based on Net Assets of $76,364 ($ Thousands).

Non-income producing security.

Rate shown is the 7-day effective yield as of September 30, 2017.

‡‡

Expiration date not available.

†

Investment in Affiliated Security (see Note 6).

(A)

Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration normally to qualified institutions. On September 30, 2017, the value of these securities amounted to $21,329 ($ Thousands), representing 27.9% of the Net Assets of the Fund.

(B)

Level 3 security in accordance with fair value hierarchy.

(C)

Unsettled bank loan. Interest rate not available.

(D)

Variable or floating rate security, the interest rate of which adjusts periodically based on prevailing interest rates.

(E)

Security, or portion thereof, has been pledged as collateral on open futures contracts.

(F)

Tri-Party Repurchase Agreement.

AMT

— Alternative Minimum Tax

— Class

CLO

— Collateralized Loan Obligation

FHLMC

— Federal Home Loan Mortgage Corporation

FNMA

— Federal National Mortgage Association

FREMF—

Freddie Mac Multi-Family

— General Obligation

ICE—

Intercontinental Exchange

LIBOR

— London Interbank Offered Rate

LLC

— Limited Liability Company

— Limited Partnership

Ltd. — Limited

MTN — Medium Term Note

NCUA — National Credit Union Association

PIK — Payment-in-Kind

PLC — Public Limited Company

Pty — Proprietary

RB — Revenue Bond

Re-REMIC — Resecuritization of Real Estate Mortgage Investment Conduit

Ser — Series

TBA — To Be Announced

ULC — Unlimited Liability Company

USD — U.S. Dollar

VAR — Variable Rate


SEI Institutional Managed Trust / Annual Report / September 30, 2017		109

SCHEDULE OF INVESTMENTS

September 30, 2017

Enhanced Income Fund (Concluded)

The following is a list of the level of inputs used as of September 30, 2017, in valuing the Fund’s

investments and other financial instruments carried at value ($ Thousands):



Investments in Securities	Level 1			Level 2		Level 3		Total
Corporate Obligations	$	–		$	30,651	$	–	$	30,651
Loan Participations		–			22,625		6		22,631
Asset-Backed Securities		–			12,294		–		12,294
Mortgage-Backed Securities		–			8,463		–		8,463
Municipal Bonds		–			844		–		844
Repurchase Agreement		–			700		–		700
Preferred Stock		–			153		–		153
Common Stock		–			64		–		64
Warrants		–			–		–		–
Right		–			2		–		2
Cash Equivalent		1,878			–		–		1,878

Total Investments in Securities	$	1,878		$	75,796	$	6	$	77,680



Other Financial Instruments	Level 1			Level 2		Level 3		Total

Futures Contracts *
Unrealized Appreciation	$	16		$	–	$	–	$	16
Unrealized Depreciation		(3	)		–		–		(3	)

Total Other Financial Instruments	$	13		$	–	$	–	$	13

* Futures contracts are valued at the unrealized appreciation (depreciation) on the instrument.

(1) A reconciliation of Level 3 investments is presented when the Fund has a significant amount of Level 3 investments at the beginning and/or end of the period in relation to net assets. Management has concluded that Level 3 investments are not material in relation to net assets.

For the year ended September 30, 2017, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the year ended September 30, 2017, there were no transfers between Level 2 and Level 3 assets and liabilities.

For more information on valuation inputs, see Note 2 – Significant Accounting Policies in Notes to Financial Statements.

Amounts designated as “—” are $0 or have been rounded to $0.

The following is a summary of the Fund’s transactions with affiliated for the year ended September 30, 2017 ($ Thousands):


Security Description	Value 9/30/2016		Purchases at Cost		Proceeds from Sales			Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)		Value 9/30/2017		Dividend Income
SEI Daily Income Trust, Government Fund, CI F		$5,121		$27,597		$	(30,840)		$—		$—		$1,878		$12

The accompanying notes are an integral part of the financial statements.


110		SEI Institutional Managed Trust / Annual Report / September 30, 2017

SCHEDULE OF INVESTMENTS

September 30, 2017

Core Fixed Income Fund

LOGO

†Percentages are based on total investments. Includes investments held as collateral for securities held on loan (see Note 10).



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES — 33.4%

Agency Mortgage-Backed Obligations — 27.9%
FHLMC
7.500%, 05/01/2031 to 09/01/2032	$	267	$	290
7.000%, 05/01/2024 to 03/01/2039		281		310
6.500%, 10/01/2031 to 09/01/2039		126		141
6.000%, 03/01/2020 to 07/01/2037		769		825
5.500%, 06/01/2020 to 11/01/2035		600		644
5.000%, 10/01/2018 to 06/01/2044		4,079		4,455
4.500%, 08/01/2020 to 06/01/2047		3,499		3,779
4.000%, 04/01/2019 to 07/01/2047		16,807		17,760
3.500%, 09/01/2026 to 01/01/2047		39,687		41,244
3.000%, 03/01/2031 to 02/01/2047		22,828		22,961
2.500%, 12/01/2031		3,111		3,136
FHLMC ARM
3.091%, VAR ICE LIBOR USD 12 Month+1.622%, 02/01/2045		339		347
2.624%, VAR ICE LIBOR USD 12
Month+1.633%, 07/01/2046		786		798
FHLMC CMO, Ser 1988-1, Cl Z
9.300%, 04/15/2019		1		1
FHLMC CMO, Ser 1997-1983, Cl Z
6.500%, 12/15/2023		351		380
FHLMC CMO, Ser 2001-2277, Cl B
7.500%, 01/15/2031		79		93
FHLMC CMO, Ser 2002-2399, Cl XG
6.500%, 01/15/2032		411		457
FHLMC CMO, Ser 2005-2945, Cl SA
10.072%, VAR LIBOR USD 1 Month+12.294%, 03/15/2020		60		61



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
FHLMC CMO, Ser 2006-R007, Cl ZA
6.000%, 05/15/2036	$	868	$	974
FHLMC CMO, Ser 2007-3294, Cl CB
5.500%, 03/15/2037		185		205
FHLMC CMO, Ser 2008-3451, Cl SB, IO
4.796%, VAR LIBOR USD 1 Month+6.030%, 05/15/2038		62		8
FHLMC CMO, Ser 2010-3621, Cl SB, IO
5.003%, VAR LIBOR USD 1 Month+6.230%, 01/15/2040		75		12
FHLMC CMO, Ser 2011-3829, Cl ED
3.500%, 10/15/2028		101		102
FHLMC CMO, Ser 2011-3838, Cl QE
3.500%, 01/15/2029		190		191
FHLMC CMO, Ser 2011-3947, Cl SG, IO
4.716%, VAR LIBOR USD 1 Month+5.950%, 10/15/2041		547		92
FHLMC CMO, Ser 2012-4054, Cl SA, IO
4.816%, VAR LIBOR USD 1 Month+6.050%, 08/15/2039		960		150
FHLMC CMO, Ser 2012-4092, Cl AI, IO
3.000%, 09/15/2031		979		91
FHLMC CMO, Ser 2013-4174, Cl SA, IO
4.973%, VAR LIBOR USD 1 Month+6.200%, 05/15/2039		314		37
FHLMC CMO, Ser 2013-4203, Cl PS, IO
5.016%, VAR LIBOR USD 1 Month+6.250%, 09/15/2042		323		51
FHLMC CMO, Ser 2014-4415, Cl IO, IO
1.752%, 04/15/2041 (A)		539		28
FHLMC CMO, Ser 2015-4425, Cl A
4.000%, 09/15/2040		558		588
FHLMC CMO, Ser 2015-4529, Cl HC
3.000%, 10/15/2039		224		228
FHLMC CMO, Ser 2016-353, Cl S1, IO
4.766%, VAR LIBOR USD 1 Month+6.000%, 12/15/2046		469		102
FHLMC CMO, Ser 2016-4604, Cl AB
3.000%, 08/15/2046		536		547
FHLMC CMO, Ser 2016-4640, Cl LD
4.000%, 09/15/2043		1,809		1,908
FHLMC CMO, Ser 2017-4700, Cl QJ
4.000%, 07/15/2044		1,340		1,415
FHLMC CMO, Ser 2017-4705, Cl A
4.500%, 09/15/2042		898		962
FHLMC Multifamily Structured Pass-Through Certificates, Ser K015, Cl X1, IO
1.769%, 07/25/2021 (A)		1,314		67
FHLMC Multifamily Structured Pass-Through Certificates, Ser K016, Cl X1, IO
1.686%, 10/25/2021 (A)		282		14


SEI Institutional Managed Trust / Annual Report / September 30, 2017		111

SCHEDULE OF INVESTMENTS

September 30, 2017

Core Fixed Income Fund (Continued)



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
FHLMC Multifamily Structured Pass-Through Certificates, Ser K064, Cl X1, IO
0.745%, 03/25/2027 (A)	$	4,986	$	244
FHLMC Multifamily Structured Pass-Through
Certificates, Ser K151, Cl A3 3.511%, 04/25/2030		1,465		1,527
FHLMC Multifamily Structured Pass-Through Certificates, Ser KF34, Cl A
1.592%, VAR LIBOR USD 1 Month+0.360%, 08/25/2024		735		736
FHLMC Multifamily Structured Pass-Through Certificates, Ser KW02, Cl A1
2.896%, 04/25/2026		930		954
FHLMC TBA
4.000%, 10/14/2040 to 11/01/2040		8,365		8,803
3.500%, 10/15/2041		7,300		7,529
3.000%, 10/15/2042		4,000		4,015
FNMA
7.000%, 09/01/2026 to 02/01/2039		980		1,108
6.500%, 03/01/2031 to 05/01/2040		69		75
6.000%, 10/01/2019 to 07/01/2037		2,101		2,387
5.500%, 06/01/2018 to 09/01/2056		618		683
5.000%, 01/01/2020 to 08/01/2056		8,017		8,871
4.500%, 01/01/2020 to 04/01/2056		55,163		59,601
4.000%, 08/01/2020 to 08/01/2047		70,954		75,321
3.840%, 08/01/2021		2,894		3,061
3.762%, 12/01/2020		2,484		2,595
3.665%, 10/01/2020		1,294		1,350
3.619%, 12/01/2020		1,629		1,703
3.500%, 08/01/2028 to 03/01/2057		26,488		27,565
3.330%, 10/01/2029		1,235		1,271
3.190%, 05/01/2030		1,297		1,319
3.168%, VAR ICE LIBOR USD 12 Month+1.500%, 10/01/2047		555		572
3.010%, 04/01/2028		1,320		1,335
3.000%, 02/01/2027 to 02/01/2047		11,783		11,960
2.940%, 07/01/2027		400		401
2.830%, 06/01/2022		1,148		1,179
2.820%, 07/01/2027		590		590
2.600%, 10/01/2031		1,370		1,320
2.510%, 08/01/2026		1,317		1,295
2.500%, 10/01/2042		698		679
FNMA ACES, Ser 2012-M14, Cl X2, IO
0.577%, 09/25/2022 (A)		17,668		338
FNMA ACES, Ser 2014-M2, Cl A2
3.513%, 12/25/2023 (A)		1,770		1,869
FNMA ACES, Ser 2015-M13, Cl A2
2.802%, 06/25/2025 (A)		130		130
FNMA ACES, Ser 2015-M2, Cl A3
3.148%, 12/25/2024 (A)		2,534		2,607
FNMA ARM
4.377%, VAR ICE LIBOR USD 12 Month+1.776%, 04/01/2040		230		243



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
3.234%, VAR ICE LIBOR USD 12 Month+1.620%, 06/01/2047	$	734	$	756
3.192%, VAR ICE LIBOR USD 12 Month+1.562%, 10/01/2043		297		305
3.137%, VAR ICE LIBOR USD 12 Month+1.620%, 03/01/2047		786		810
2.977%, VAR ICE LIBOR USD 12 Month+1.602%, 05/01/2047		183		188
2.753%, VAR 12 Month Treas Avg+1.973%, 11/01/2035		206		216
2.713%, VAR 12 Month Treas Avg+1.934%, 11/01/2035		864		904
2.690%, VAR 12 Month Treas Avg+1.889%, 10/01/2035		949		992
2.627%, VAR 12 Month Treas Avg+1.835%, 10/01/2035		144		150
FNMA CMO STRIPS, Ser 2012-409, Cl C22, IO
4.500%, 11/25/2039		531		122
FNMA CMO STRIPS, Ser 2012-409, Cl C13, IO
3.500%, 11/25/2041		480		83
FNMA CMO STRIPS, Ser 2012-409, Cl C2, IO
3.000%, 04/25/2027		697		60
FNMA CMO, Ser 1999-11, Cl Z
5.500%, 03/25/2029		201		220
FNMA CMO, Ser 2005-117, Cl LC
5.500%, 11/25/2035		588		624
FNMA CMO, Ser 2005-360, Cl 2, IO
5.000%, 08/01/2035		1,465		287
FNMA CMO, Ser 2006-112, Cl ST, IO
5.463%, VAR LIBOR USD 1 Month+6.700%, 11/25/2036		1,329		146
FNMA CMO, Ser 2007-108, Cl AN
8.204%, 11/25/2037 (A)		102		118
FNMA CMO, Ser 2008-22, Cl SI, IO
5.196%, VAR LIBOR USD 1 Month+6.430%, 03/25/2037		1,867		71
FNMA CMO, Ser 2009-86, Cl BO, PO
0.000%, 03/25/2037 (B)		1,570		1,444
FNMA CMO, Ser 2010-150, Cl SK, IO
6.345%, VAR LIBOR USD 1 Month+6.530%, 01/25/2041		422		77
FNMA CMO, Ser 2011-43, Cl AN
3.500%, 12/25/2028		189		190
FNMA CMO, Ser 2011-59, Cl NZ
5.500%, 07/25/2041		2,396		2,696
FNMA CMO, Ser 2011-90, Cl QI, IO
5.000%, 05/25/2034		549		36
FNMA CMO, Ser 2011-96, Cl SA, IO
5.313%, VAR LIBOR USD 1 Month+6.550%, 10/25/2041		1,497		260
FNMA CMO, Ser 2012-133, Cl CS, IO
4.913%, VAR LIBOR USD 1 Month+6.150%, 12/25/2042		437		82


112		SEI Institutional Managed Trust / Annual Report / September 30, 2017



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
FNMA CMO, Ser 2012-28, Cl B
6.500%, 06/25/2039	$	73	$	80
FNMA CMO, Ser 2012-35, Cl SC, IO
5.263%, VAR LIBOR USD 1 Month+6.500%, 04/25/2042		128		26
FNMA CMO, Ser 2012-46, Cl BA
6.000%, 05/25/2042		379		431
FNMA CMO, Ser 2012-70, Cl YS, IO
5.416%, VAR LIBOR USD 1 Month+6.650%, 02/25/2041		116		15
FNMA CMO, Ser 2012-74, Cl SA, IO
5.413%, VAR LIBOR USD 1 Month+6.650%, 03/25/2042		461		74
FNMA CMO, Ser 2012-74, Cl OA, PO
0.000%, 03/25/2042 (B)		35		32
FNMA CMO, Ser 2012-75, Cl AO, PO
0.000%, 03/25/2042 (B)		71		65
FNMA CMO, Ser 2013-124, Cl SB, IO
4.713%, VAR LIBOR USD 1 Month+5.950%, 12/25/2043		446		90
FNMA CMO, Ser 2013-30, Cl CA
1.500%, 04/25/2043		269		249
FNMA CMO, Ser 2013-35, Cl CL
3.000%, 02/25/2043		6,875		6,844
FNMA CMO, Ser 2013-54, Cl BS, IO
4.913%, VAR LIBOR USD 1 Month+6.150%, 06/25/2043		136		28
FNMA CMO, Ser 2013-9, Cl SA, IO
4.913%, VAR LIBOR USD 1 Month+6.150%, 03/25/2042		567		79
FNMA CMO, Ser 2013-9, Cl BC
6.500%, 07/25/2042		416		480
FNMA CMO, Ser 2013-9, Cl CB
5.500%, 04/25/2042		3,098		3,428
FNMA CMO, Ser 2014-40, Cl EP
3.500%, 10/25/2042		407		424
FNMA CMO, Ser 2014-M4, Cl A2
3.346%, 03/25/2024 (A)		2,795		2,927
FNMA CMO, Ser 2015-55, Cl IO, IO
1.453%, 08/25/2055 (A)		1,026		55
FNMA CMO, Ser 2016-59, Cl CA
3.500%, 09/25/2043		1,775		1,855
FNMA CMO, Ser 2016-60, Cl QS, IO
4.863%, VAR LIBOR USD 1 Month+6.100%, 09/25/2046		489		82
FNMA CMO, Ser 2017-13, Cl PA
3.000%, 08/25/2046		649		659
FNMA CMO, Ser 2017-33, Cl LB
3.000%, 05/25/2039		867		885
FNMA CMO, Ser 2017-76, Cl SB, IO
4.866%, VAR LIBOR USD 1 Month+6.100%, 10/25/2057		1,600		300



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
FNMA CMO, Ser 2017-GS, Cl SA, IO
0.000%, 03/31/2036	$	500	$	87
FNMA Multifamily Megas, Ser 141, Cl 1
2.966%, 05/01/2027 (A)		2,222		2,245
FNMA TBA
5.000%, 10/01/2038		1,500		1,636
4.500%, 11/15/2034		8,690		9,317
4.000%, 11/12/2039 to 10/01/2040		17,020		17,910
3.500%, 11/01/2040 to 10/15/2042		30,635		31,558
3.000%, 11/25/2026 to 10/15/2042		21,045		21,417
FNMA, Ser 2014-M12, Cl FA
1.563%, VAR LIBOR USD 1 Month+0.300%, 10/25/2021		496		495
FNMA, Ser 2015-M3, Cl FA
1.457%, VAR LIBOR USD 1 Month+0.220%, 06/25/2018		146		146
FNMA, Ser 2017-M4, Cl A2
2.684%, 12/25/2026 (A)		440		431
FNMA, Ser 2017-M7, Cl A2
2.961%, 02/25/2027 (A)		397		406
FREMF Mortgage Trust, Ser 2012-K20, Cl X2A, IO
0.200%, 05/25/2045 (C)		12,422		93
GNMA
8.000%, 11/15/2029 to 09/15/2030		51		55
7.500%, 03/15/2029		56		66
6.500%, 07/15/2028 to 09/15/2035		1,742		1,971
6.000%, 10/15/2023 to 10/20/2040		3,471		3,940
5.000%, 12/20/2039 to 05/20/2047		3,103		3,354
4.500%, 04/20/2041 to 09/15/2047		2,820		3,071
4.000%, 07/15/2045 to 08/20/2047		9,392		9,956
3.500%, 03/20/2046 to 04/20/2047		10,534		10,965
3.000%, 12/20/2046		4,613		4,683
GNMA CMO, Ser 2007-17, Cl IB, IO
5.019%, VAR LIBOR USD 1 Month+6.250%, 04/20/2037		667		108
GNMA CMO, Ser 2010-31, Cl GS, IO
5.264%, VAR LIBOR USD 1 Month+6.500%, 03/20/2039		71		5
GNMA CMO, Ser 2010-4, Cl NS, IO
5.156%, VAR LIBOR USD 1 Month+6.390%, 01/16/2040		4,725		838
GNMA CMO, Ser 2010-85, Cl HS, IO
5.419%, VAR LIBOR USD 1 Month+6.650%, 01/20/2040		82		10
GNMA CMO, Ser 2010-H27, Cl FA
1.604%, VAR ICE LIBOR USD 1 Month+0.380%, 12/20/2060		1,408		1,401
GNMA CMO, Ser 2010-H28, Cl FE
1.624%, VAR ICE LIBOR USD 1 Month+0.400%, 12/20/2060		740		738


SEI Institutional Managed Trust / Annual Report / September 30, 2017		113

SCHEDULE OF INVESTMENTS

September 30, 2017

Core Fixed Income Fund (Continued)



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
GNMA CMO, Ser 2011-H08, Cl FG
1.704%, VAR ICE LIBOR USD 1 Month+0.480%, 03/20/2061	$	844	$	843
GNMA CMO, Ser 2011-H09, Cl AF
1.724%, VAR ICE LIBOR USD 1 Month+0.500%, 03/20/2061		611		611
GNMA CMO, Ser 2012-152, Cl IO, IO
0.778%, 01/16/2054 (A)		7,973		427
GNMA CMO, Ser 2012-34, Cl SA, IO
4.819%, VAR LIBOR USD 1 Month+6.050%, 03/20/2042		545		93
GNMA CMO, Ser 2012-43, Cl SN, IO
5.366%, VAR LIBOR USD 1 Month+6.600%, 04/16/2042		43		10
GNMA CMO, Ser 2012-66, Cl CI, IO
3.500%, 02/20/2038		663		53
GNMA CMO, Ser 2012-98, Cl SA, IO
5.666%, VAR LIBOR USD 1 Month+6.100%, 08/16/2042		345		60
GNMA CMO, Ser 2013-53, Cl OI, IO
3.500%, 04/20/2043		374		55
GNMA CMO, Ser 2015-167, Cl OI, IO
4.000%, 04/16/2045		151		30
GNMA CMO, Ser 2016-135, Cl SB, IO
4.866%, VAR LIBOR USD 1 Month+6.100%, 10/16/2046		361		98
GNMA CMO, Ser 2017-H18, Cl BI, IO
1.627%, 09/20/2067 (A)		5,700		588
GNMA TBA
4.500%, 10/15/2039 to 12/15/2039		15,245		16,237
4.000%, 10/01/2039		12,800		13,492
3.500%, 10/15/2041 to 11/15/2041		22,845		23,747
3.000%, 10/01/2042		27,545		27,928
NCUA Guaranteed Notes, Ser 2010-R2, Cl 1A
1.601%, VAR LIBOR USD 1 Month+0.370%, 11/06/2017		705		705

				582,514


Non-Agency Mortgage-Backed Obligations — 5.5%
1211 Avenue of the Americas Trust, Ser 2015- 1211, Cl A1A2
3.901%, 08/10/2035 (C)		805		852
Adjustable Rate Mortgage Trust, Ser 2004-2, Cl 3A1
2.879%, 02/25/2035 (A)		1,388		1,350
Adjustable Rate Mortgage Trust, Ser 2007-1, Cl 5A31
1.374%, VAR ICE LIBOR USD 1 Month+0.140%, 03/25/2037		2,045		1,699
Alternative Loan Trust, Ser 2005-36, Cl 3A1
3.413%, 08/25/2035 (A)		1,688		1,420



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
Alternative Loan Trust, Ser 2006-18CB, Cl A6
23.662%, VAR ICE LIBOR USD 1 Month+28.600%, 07/25/2036	$	301	$	456
Alternative Loan Trust, Ser 2006-OA11, Cl A4
1.424%, VAR ICE LIBOR USD 1 Month+0.190%, 09/25/2046		442		367
Alternative Loan Trust, Ser 2007-23CB, Cl A7
1.637%, VAR ICE LIBOR USD 1 Month+0.400%, 09/25/2037		2,343		1,469
American Home Mortgage Assets Trust, Ser 2006-6, Cl A1A
1.424%, VAR ICE LIBOR USD 1 Month+0.190%, 12/25/2046		1,508		1,253
American Home Mortgage Investment Trust, Ser 2005-1, Cl 6A
3.453%, VAR ICE LIBOR USD 6 Month+2.000%, 06/25/2045		2,957		2,993
American Home Mortgage Investment Trust, Ser 2005-4, Cl 5A
3.205%, VAR ICE LIBOR USD 6 Month+1.750%, 11/25/2045		1,607		1,283
BAMLL Commercial Mortgage Securities Trust, Ser 2014-520M, Cl A
4.266%, 08/15/2034 (A)(C)		440		471
BAMLL Re-REMIC Trust, Ser 2016-RRGG10, Cl AJA
5.950%, 08/10/2045 (A)(C)		1,812		1,577
BANK, Ser 2017-BNK7, Cl A5
3.435%, 09/15/2060		570		583
Bayview Opportunity Master Fund IVa Trust, Ser 2017-RT1, Cl A1
3.000%, 03/28/2057 (A)(C)		1,284		1,298
BCAP Trust, Ser 2015-RR2, Cl 21A1
1.634%, 03/28/2037 (A)(C)		1,127		1,072
Bear Stearns Adjustable Rate Mortgage Trust, Ser 2004-2, Cl 24A
2.952%, 05/25/2034 (A)		141		131
Bear Stearns Asset-Backed Securities I Trust, Ser 2005-AC6, Cl 1A3
5.500%, 09/25/2035 (A)		1,380		1,356
Bear Stearns Asset-Backed Securities I Trust, Ser 2005-AC8, Cl A3, IO
6.413%, VAR ICE LIBOR USD 1 Month+7.650%, 11/25/2035		4,245		1,264
BX Trust, Ser 2017-APPL, Cl A
2.114%, VAR LIBOR USD 1 Month+0.880%, 07/15/2034 (C)		590		590
CD Commercial Mortgage Trust, Ser 2006- CD3, Cl AJ
5.688%, 10/15/2048		170		87
CD Commercial Mortgage Trust, Ser 2007- CD4, Cl AJ
5.398%, 12/11/2049 (A)		51		29


114		SEI Institutional Managed Trust / Annual Report / September 30, 2017


Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
CD Commercial Mortgage Trust, Ser 2016- CD1, Cl ASB
2.622%, 08/10/2049	$	517	$	511
CD Commercial Mortgage Trust, Ser 2016- CD1, Cl A1
1.443%, 08/10/2049		162		160
CD Commercial Mortgage Trust, Ser 2017- CD4, Cl ASB
3.317%, 05/10/2050		221		227
CD Commercial Mortgage Trust, Ser 2017- CD5, Cl XA, IO
1.060%, 08/15/2050 (A)		8,750		576
CD Commercial Mortgage Trust, Ser 2017- CD5, Cl A4
3.431%, 08/15/2050		570		583
CFCRE Commercial Mortgage Trust, Ser 2011- C1, Cl A4
4.961%, 04/15/2044 (A)(C)		459		487
CFCRE Commercial Mortgage Trust, Ser 2016-C3, Cl A1
1.793%, 01/10/2048		267		266
CFCRE Commercial Mortgage Trust, Ser 2016-C4, Cl A4
3.283%, 05/10/2058		294		297
CFCRE Commercial Mortgage Trust, Ser 2016-C7, Cl A2
3.585%, 12/10/2054		290		298
CFCRE Commercial Mortgage Trust, Ser 2016-C7, Cl A3
3.839%, 12/10/2054		226		237
CFCRE Commercial Mortgage Trust, Ser 2017-C8, Cl A1
1.965%, 06/15/2050		175		174
CFCRE Commercial Mortgage Trust, Ser 2017-C8, Cl A4
3.572%, 06/15/2050		276		283
CFCRE Commercial Mortgage Trust, Ser 2017-C8, Cl ASB
3.367%, 06/15/2050		230		236
Citigroup Commercial Mortgage Trust, Ser 2006-C5, Cl AJ
5.482%, 10/15/2049		200		189
Citigroup Commercial Mortgage Trust, Ser 20098-C7, Cl AJA
6.395%, 12/10/2049 (A)		140		82
Citigroup Commercial Mortgage Trust, Ser 2013-375P, Cl A
3.251%, 05/10/2035 (C)		1,205		1,236
Citigroup Commercial Mortgage Trust, Ser 2013-GC11, Cl A4
3.093%, 04/10/2046		174		178


Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
Citigroup Commercial Mortgage Trust, Ser 2013-GC11, Cl A2
1.987%, 04/10/2046	$	484	$	484
Citigroup Commercial Mortgage Trust, Ser 2013-GC11, Cl AAB
2.690%, 04/10/2046		198		200
Citigroup Commercial Mortgage Trust, Ser 2014-GC19, Cl E
4.565%, 03/10/2047 (A)(C)		780		586
Citigroup Commercial Mortgage Trust, Ser 2014-GC25, Cl A4
3.635%, 10/10/2047		514		536
Citigroup Commercial Mortgage Trust, Ser 2015-GC29, Cl A4
3.192%, 04/10/2048		262		265
Cold Storage Trust, Ser 2017-ICE3, Cl B
2.484%, VAR LIBOR USD 1 Month+1.250%, 04/15/2036 (C)		1,740		1,751
COMM Mortgage Trust, Ser 2010-C1, Cl A2
3.830%, 07/10/2046 (C)		55		56
COMM Mortgage Trust, Ser 2010-C1, Cl XWB, IO
0.865%, 07/10/2046 (A)(C)		13,060		270
COMM Mortgage Trust, Ser 2012-CR4, Cl A2
1.801%, 10/15/2045		107		107
COMM Mortgage Trust, Ser 2013-300P, Cl A1
4.353%, 08/10/2030 (C)		620		670
COMM Mortgage Trust, Ser 2013-CR10, Cl A2
2.972%, 08/10/2046		211		213
COMM Mortgage Trust, Ser 2013-CR11, Cl A1
1.468%, 08/10/2050		71		71
COMM Mortgage Trust, Ser 2013-CR12, Cl A4
4.046%, 10/10/2046		74		79
COMM Mortgage Trust, Ser 2013-CR12, Cl AM
4.300%, 10/10/2046		100		106
COMM Mortgage Trust, Ser 2013-CR12, Cl C
5.252%, 10/10/2046 (A)		40		42
COMM Mortgage Trust, Ser 2013-CR12, Cl B
4.762%, 10/10/2046 (A)		90		95
COMM Mortgage Trust, Ser 2013-CR12, Cl A3
3.765%, 10/10/2046		78		82
COMM Mortgage Trust, Ser 2013-CR12, Cl A1
1.295%, 10/10/2046		14		14
COMM Mortgage Trust, Ser 2013-CR6, Cl A2
2.122%, 03/10/2046		719		719
COMM Mortgage Trust, Ser 2013-CR9, Cl E
4.397%, 07/10/2045 (A)(C)		780		609
COMM Mortgage Trust, Ser 2013-CR9, Cl ASB
3.834%, 07/10/2045		632		664
COMM Mortgage Trust, Ser 2014-CR19, Cl C
4.873%, 08/10/2024 (A)		550		560
COMM Mortgage Trust, Ser 2014-UBS4, Cl A5
3.694%, 08/10/2047		170		178


SEI Institutional Managed Trust / Annual Report / September 30, 2017		115

SCHEDULE OF INVESTMENTS

September 30, 2017

Core Fixed Income Fund (Continued)


Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
COMM Mortgage Trust, Ser 2014-UBS5, Cl ASB
3.548%, 09/10/2047	$	191	$	199
COMM Mortgage Trust, Ser 2014-UBS6, Cl AM
4.048%, 12/10/2047		488		511
COMM Mortgage Trust, Ser 2014-UBS6, Cl A5
3.644%, 12/10/2047		421		438
COMM Mortgage Trust, Ser 2016-787S, Cl A
3.545%, 02/10/2036 (C)		650		669
COMM Mortgage Trust, Ser 2016-COR1, Cl ASB
2.972%, 10/10/2049		226		229
COMM Mortgage Trust, Ser 2017-COR2, Cl A3
3.510%, 09/10/2050		356		365
Commercial Mortgage Pass-Through Certificates, Ser 2012-CR3, Cl A3
2.822%, 11/15/2045		233		236
Commercial Mortgage Pass-Through Certificates, Ser 2013-WWP, Cl A2
3.424%, 03/10/2031 (C)		100		105
Commercial Mortgage Pass-Through Certificates, Ser 2014-UBS2, Cl A5
3.961%, 03/10/2047		78		83
Core Industrial Trust, Ser 2015-TEXW, Cl E
3.977%, 02/10/2034 (A)(C)		630		624
Credit Suisse Commercial Mortgage Trust, Ser 2006-C3, Cl AJ
6.454%, 06/15/2038 (A)		124		64
Credit Suisse Commercial Mortgage Trust, Ser 2006-C5, Cl AJ
5.373%, 12/15/2039		380		324
Credit Suisse Commercial Mortgage Trust, Ser 2007-C5, Cl AM
5.869%, 09/15/2040 (A)		215		213
Credit Suisse First Boston Mortgage Securities, Ser 2003-AR24, Cl 2A4
3.468%, 10/25/2033 (A)		925		922
Credit Suisse Group Funding Guernsey,
Ser 2015-3GNA, Cl A1
3.087%, 03/12/2020		1,086		1,428
Credit Suisse Group Funding Guernsey, Ser 2015-3GNA, Cl A2
4.332%, 03/12/2020		382		502
Credit Suisse Mortgage Capital Certificates, Ser CHOP, Cl G
6.854%, VAR LIBOR USD 1 Month+5.620%, 07/15/2032 (C)		1,000		995
Credit Suisse Mortgage Trust, Ser 2014-USA, Cl E
4.373%, 09/15/2037 (C)		590		526
Credit Suisse Mortgage Trust, Ser 2014-USA, Cl A2
3.953%, 09/15/2037 (C)		250		259


Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
Credit Suisse Mortgage Trust, Ser 2015-4R, Cl 3A1
1.542%, VAR ICE LIBOR USD 1 Month+0.310%, 10/27/2036 (C)	$	600	$	533
Credit Suisse Mortgage Trust, Ser 2015- Town, Cl F
5.727%, VAR LIBOR USD 1 Month+4.500%, 03/15/2028 (C)		650		650
Credit Suisse Mortgage Trust, Ser 2017-RPL1, Cl M2
3.084%, 07/25/2057 (A)(C)		1,760		1,478
CSAIL Commercial Mortgage Trust, Ser 2014- C3, Cl A4
3.718%, 08/15/2048		302		315
CSAIL Commercial Mortgage Trust, Ser 2015- C2, Cl C
4.351%, 06/15/2057 (A)		635		577
CSAIL Commercial Mortgage Trust, Ser 2015- C4, Cl A4
3.808%, 11/15/2048		762		798
CSAIL Commercial Mortgage Trust, Ser 2016- C5, Cl ASB
3.533%, 11/15/2048		112		117
CSMC Trust, Ser 2014-11R, Cl 9A2
1.374%, VAR ICE LIBOR USD 1 Month+0.140%, 10/27/2036 (C)		2,620		1,683
DBJPM Mortgage Trust, Ser 2017-C6, Cl ASB
3.121%, 06/10/2050		131		133
Downey Savings & Loan Association Mortgage Loan Trust, Ser 2004-AR2, Cl A2B
2.037%, VAR ICE LIBOR USD 1 Month+0.800%, 11/19/2044		869		805
FHLMC Structured Agency Credit Risk Debt Notes, Ser 2016-DNA2, Cl M3
5.884%, VAR ICE LIBOR USD 1 Month+4.650%, 10/25/2028		360		404
FHLMC Structured Agency Credit Risk Debt Notes, Ser 2017-DNA2, Cl M1
2.437%, VAR ICE LIBOR USD 1 Month+1.200%, 10/25/2029		1,369		1,384
FNMA Connecticut Avenue Securities, Ser 2014-C03, Cl 1M2
4.234%, VAR ICE LIBOR USD 1 Month+3.000%, 07/25/2024		4,810		5,064
GS Mortgage Securities II, Ser 2015-GC30, Cl B
4.149%, 05/10/2050 (A)		680		672
GS Mortgage Securities Trust, Ser 2006-GG8, Cl AJ
5.622%, 11/10/2039		269		253


116		SEI Institutional Managed Trust / Annual Report / September 30, 2017


Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
GS Mortgage Securities Trust, Ser 2007- GG10, Cl AM
5.950%, 08/10/2045 (A)	$	771	$	787
GS Mortgage Securities Trust, Ser 2012-GCJ7, Cl AAB
2.935%, 05/10/2045		78		79
GS Mortgage Securities Trust, Ser 2013-GC14, Cl AAB
3.817%, 08/10/2046		711		747
GS Mortgage Securities Trust, Ser 2013- GC16, Cl A2
3.033%, 11/10/2046		186		188
GS Mortgage Securities Trust, Ser 2013- GC16, Cl B
5.161%, 11/10/2046 (A)		180		196
GS Mortgage Securities Trust, Ser 2014-GC18, Cl A3
3.801%, 01/10/2047		197		207
GS Mortgage Securities Trust, Ser 2014- GC26, Cl B
4.215%, 11/10/2047 (A)		680		702
GS Mortgage Securities Trust, Ser 2016-GS3, Cl AAB
2.777%, 10/10/2049		342		343
GS Mortgage Securities Trust, Ser 2016-GS3, Cl A4
2.850%, 10/10/2049		228		224
GS Mortgage Securities Trust, Ser 2017-GS7, Cl A4
3.430%, 08/10/2050		542		553
GSMPS Mortgage Loan Trust, Ser 1998-1, Cl A
8.000%, 09/19/2027 (A)(C)		20		20
GSR Mortgage Loan Trust, Ser 2003-13, Cl 1A1
3.285%, 10/25/2033 (A)		285		288
GSR Mortgage Loan Trust, Ser 2005-AR4, Cl 3A5
3.383%, 07/25/2035 (A)		3,098		2,993
HarborView Mortgage Loan, Ser 2004-3, Cl 1A
3.085%, 05/19/2034 (A)		1,524		1,554
Impact Funding LLC, Ser 2010-1, Cl A1
5.314%, 01/25/2051 (C)		1,479		1,630
IndyMac IMSC Mortgage Loan Trust, Ser 2007-HOA1, Cl A22
1.417%, VAR LIBOR USD 1 Month+0.180%, 07/25/2047		1,499		1,064
JPMBB Commercial Mortgage Securities Trust, Ser 2013-C15, Cl A2
2.977%, 11/15/2045		302		305
JPMBB Commercial Mortgage Securities Trust, Ser 2013-C15, Cl C
5.250%, 11/15/2045 (A)		190		197


Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
JPMBB Commercial Mortgage Securities Trust, Ser 2013-C17, Cl B
5.052%, 01/15/2047 (A)	$	100	$	106
JPMBB Commercial Mortgage Securities Trust, Ser 2014-C21, Cl A5
3.775%, 08/15/2047		576		606
JPMBB Commercial Mortgage Securities Trust, Ser 2014-C23, Cl A4
3.670%, 09/15/2047		252		263
JPMBB Commercial Mortgage Securities Trust, Ser 2014-C24, Cl AS
3.914%, 11/15/2047 (A)		610		633
JPMBB Commercial Mortgage Securities Trust, Ser 2015-C28, Cl A3
2.912%, 10/15/2048		1,147		1,142
JPMBB Commercial Mortgage Securities Trust, Ser 2015-C28, Cl A4
3.227%, 10/15/2048		166		169
JPMBB Commercial Mortgage Securities Trust, Ser 2015-C28, Cl A2
2.773%, 10/15/2048		211		214
JPMBB Commercial Mortgage Securities Trust, Ser 2015-C30, Cl ASB
3.559%, 07/15/2048		301		315
JPMBB Commercial Mortgage Securities Trust, Ser 2015-C30, Cl AS
4.226%, 07/15/2048 (A)		303		319
JPMBB Commercial Mortgage Securities Trust, Ser 2016-C1, Cl ASB
3.316%, 03/15/2049		522		539
JPMCC Commercial Mortgage Securities Trust, Ser 2017-JP6, Cl ASB
3.283%, 07/15/2050		247		254
JPMDB Commercial Mortgage Securities Trust, Ser 2017-C5, Cl ASB
3.492%, 03/15/2050		87		90
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2007-CB18, Cl AJ
5.502%, 06/12/2047 (A)		1,495		1,233
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2007-CB19, Cl AJ
5.990%, 02/12/2049 (A)		250		197
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2007-LDP12, Cl AJ
6.154%, 02/15/2051 (A)		13		12
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2010-C2, Cl A2
3.616%, 11/15/2043 (C)		26		26
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2010-CNTR, Cl A2
4.311%, 08/05/2032 (C)		805		834


SEI Institutional Managed Trust / Annual Report / September 30, 2017		117

SCHEDULE OF INVESTMENTS

September 30, 2017

Core Fixed Income Fund (Continued)


Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2010-CNTR, Cl A1
3.300%, 08/05/2032 (C)	$	143	$	144
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2011-C3, Cl A3
4.388%, 02/15/2046 (C)		2,495		2,517
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2011-C4, Cl A3
4.106%, 07/15/2046 (C)		1,182		1,195
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2012-CBX, Cl A4
3.483%, 06/15/2045		339		352
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2012-LC9, Cl A2
1.677%, 12/15/2047		41		41
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2013-C13, Cl A2
2.665%, 01/15/2046		698		703
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2014-C20, Cl C
4.724%, 07/15/2047 (A)		610		611
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2014-C20, Cl A2
2.872%, 07/15/2047		202		205
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2014-C20, Cl A5
3.805%, 07/15/2047		500		526
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2015-JP1, Cl ASB
3.733%, 01/15/2049		267		282
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2016-JP2, Cl ASB
2.713%, 08/15/2049		308		307
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2016-JP2, Cl A1
1.324%, 08/15/2049		202		199
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2016-JP3, Cl A5
2.870%, 08/15/2049		980		965
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2017-JP5, Cl ASB
3.549%, 03/15/2050		640		668
Liberty Street Trust, Ser 2016-225L, Cl A
3.597%, 02/10/2036 (C)		650		673
LSTAR Commercial Mortgage Trust, Ser 2015- 3, Cl A2
2.729%, 04/20/2048 (A)(C)		1,549		1,554
MASTR Reperforming Loan Trust, Ser 2005-1, Cl 1A1
6.000%, 08/25/2034 (C)		1,577		1,484
Merrill Lynch Mortgage Investors Trust, Ser 2004-A1, Cl 4A
3.625%, 02/25/2034 (A)		138		139


Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
ML-CFC Commercial Mortgage Trust, Ser 2007-5, Cl AJFL
5.450%, 08/12/2048 (A)(C)	$	41	$	34
ML-CFC Commercial Mortgage Trust, Ser 2007-5, Cl AJ
5.450%, 08/12/2048 (A)		315		261
ML-CFC Commercial Mortgage Trust, Ser 2007-9, Cl AJ
6.193%, 09/12/2049 (A)		880		762
Morgan Stanley Bank of America Merrill Lynch Trust, Ser 2012-C6, Cl A2
1.868%, 11/15/2045		1		1
Morgan Stanley Bank of America Merrill Lynch Trust, Ser 2013-C10, Cl A2
2.964%, 07/15/2046		104		104
Morgan Stanley Bank of America Merrill Lynch Trust, Ser 2013-C9, Cl A2
1.970%, 05/15/2046		38		38
Morgan Stanley Bank of America Merrill Lynch Trust, Ser 2015-C21, Cl E
3.012%, 03/15/2048 (C)		1,000		670
Morgan Stanley Bank of America Merrill Lynch Trust, Ser 2015-C22, Cl C
4.383%, 04/15/2048 (A)		630		622
Morgan Stanley Bank of America Merrill Lynch Trust, Ser 2015-C27, Cl A4
3.753%, 12/15/2047		389		407
Morgan Stanley Capital I Trust, Ser 2006- IQ12, Cl AJ
5.399%, 12/15/2043		591		477
Morgan Stanley Capital I Trust, Ser 2007- IQ16, Cl AJ
6.367%, 12/12/2049 (A)		1,010		948
Morgan Stanley Capital I Trust, Ser 2016- UB11, Cl ASB
2.606%, 08/15/2049		258		256
Morgan Stanley Capital I Trust, Ser 2016- UB11, Cl A1
1.445%, 08/15/2049		466		460
Morgan Stanley Capital I Trust, Ser 2016- UBS9, Cl A1
1.711%, 03/15/2049		265		262
New Residential Mortgage Loan Trust, Ser 2017-3A, Cl A1
4.000%, 04/25/2057 (A)(C)		1,275		1,339
OBP Depositor Trust, Ser 2010-OBP, Cl A
4.646%, 07/15/2045 (C)		560		591
One Market Plaza Trust, Ser 2017-1MKT, Cl A
3.614%, 02/10/2032 (C)		1,360		1,413
Prime Mortgage Trust, Ser 2006-DR1, Cl 2A1
5.500%, 05/25/2035 (C)		1,307		1,249
RAMP Trust, Ser 2004-SL1, Cl A8
6.500%, 11/25/2031		96		101


118		SEI Institutional Managed Trust / Annual Report / September 30, 2017


Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
RBS Commercial Funding Trust, Ser 2013- 1A, Cl A
3.961%, 01/13/2032 (A)(C)	$	640	$	672
Residential Asset Securitization Trust, Ser 2004-A6, Cl A1
5.000%, 08/25/2019		27		27
Residential Asset Securitization Trust, Ser 2004-IP2, Cl 2A1
3.383%, 12/25/2034 (A)		256		257
STRU TCW, Ser 1091, Cl COLL
3.490%, 02/25/2033		1,315		1,343
Structured Asset Securities, Ser 2005-17, Cl 5A1
5.500%, 10/25/2035		731		609
Towd Point Mortgage Funding, Ser 2016- V1A, Cl A1
1.482%, VAR ICE LIBOR GDP 3 Month+1.200%, 02/20/2054 (C)	GBP	736		992
UBS-Barclays Commercial Mortgage Trust, Ser 2012-C2, Cl A2
2.113%, 05/10/2063	$	12		12
UBS-Barclays Commercial Mortgage Trust, Ser 2012-C4, Cl D
4.631%, 12/10/2045 (A)(C)		670		657
UBS-Barclays Commercial Mortgage Trust, Ser 2012-C4, Cl A2
1.712%, 12/10/2045		35		35
VNDO Mortgage Trust, Ser 2012-6AVE, Cl A
2.996%, 11/15/2030 (C)		225		230
VNO Mortgage Trust, Ser 2013-PENN, Cl A
3.808%, 12/13/2029 (C)		630		657
WaMu Mortgage Pass-Through Certificates Trust, Ser 2007-OA1, Cl A1A
1.530%, VAR 12 Month Treas Avg+0.700%, 02/25/2047		2,464		2,179
Washington Mutual Mortgage Pass-Through Certificates Trust, Ser 2007-OA2, Cl 2A
1.530%, VAR 12 Month Treas Avg+0.700%, 01/25/2047		1,510		1,211
Washington Mutual MSC Mortgage Pass- Through Certificates, Ser 2003-MS1, Cl 1A
5.000%, 02/25/2018		1		1
Waterfall Commercial Mortgage Trust, Ser 2015-SBC5, Cl A
4.104%, 09/19/2022 (A)(C)		951		950
Wells Fargo Commercial Mortgage Trust, Ser 2013-LC12, Cl B
4.430%, 07/15/2046 (A)		20		21
Wells Fargo Commercial Mortgage Trust, Ser 2014-LC18, Cl A5
3.405%, 12/15/2024		570		586


Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
Wells Fargo Commercial Mortgage Trust, Ser 2016-C37, Cl A5
3.794%, 11/15/2026	$	550	$	580
Wells Fargo Mortgage-Backed Securities Trust, Ser 2004-H, Cl A1
3.354%, 06/25/2034 (A)		552		560
WFRBS Commercial Mortgage Trust, Ser 2011-C3, Cl XA, IO
1.535%, 03/15/2044 (A)(C)		7,353		246
WFRBS Commercial Mortgage Trust, Ser 2011-C4, Cl A3
4.394%, 06/15/2044 (C)		1,513		1,545
WFRBS Commercial Mortgage Trust, Ser 2012-C7, Cl XA, IO
1.609%, 06/15/2045 (A)(C)		321		17
WFRBS Commercial Mortgage Trust, Ser 2014-C19, Cl B
4.723%, 03/15/2047 (A)		110		117


				114,628

Total Mortgage-Backed Securities (Cost $712,099) ($ Thousands)				697,142


CORPORATE OBLIGATIONS — 28.9%

Consumer Discretionary — 2.2%
1011778 BC ULC / New Red Finance
6.000%, 04/01/2022 (C)		172		177
5.000%, 10/15/2025 (C)(D)		180		182
21st Century Fox America
7.250%, 05/18/2018		1,500		1,549
6.650%, 11/15/2037 (D)		180		237
6.200%, 12/15/2034		65		81
Altice Financing
6.625%, 02/15/2023 (C)		400		424
Amazon.com
4.950%, 12/05/2044		360		416
4.250%, 08/22/2057 (C)		118		121
4.050%, 08/22/2047 (C)		535		545
3.875%, 08/22/2037 (C)		300		305
3.150%, 08/22/2027 (C)(D)		2,164		2,180
2.800%, 08/22/2024 (C)		538		540
2.400%, 02/22/2023 (C)		753		751
1.900%, 08/21/2020 (C)(D)		709		711
American Axle & Manufacturing
6.625%, 10/15/2022 (D)		380		392
American Honda Finance MTN
3.875%, 09/21/2020 (C)		1,065		1,121
AutoZone
3.750%, 06/01/2027		440		444
BMW US Capital
2.150%, 04/06/2020 (C)		555		558


SEI Institutional Managed Trust / Annual Report / September 30, 2017		119

SCHEDULE OF INVESTMENTS

September 30, 2017

Core Fixed Income Fund (Continued)


Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
CBS
3.375%, 02/15/2028	$	340	$	330
2.500%, 02/15/2023 (D)		675		666
CCO Holdings
5.125%, 05/01/2027 (C)(D)		160		162
Charter Communications Operating
6.484%, 10/23/2045		410		481
6.384%, 10/23/2035		10		12
5.375%, 05/01/2047 (C)		478		497
4.908%, 07/23/2025		580		620
4.464%, 07/23/2022		1,900		2,010
4.200%, 03/15/2028 (C)		320		324
3.750%, 02/15/2028 (C)		265		259
Comcast
6.950%, 08/15/2037		20		28
6.550%, 07/01/2039		80		107
6.400%, 03/01/2040		100		134
4.400%, 08/15/2035		315		341
4.200%, 08/15/2034		200		213
4.000%, 08/15/2047		115		117
3.150%, 02/15/2028		879		876
2.350%, 01/15/2027		285		266
Daimler Finance North America
2.375%, 08/01/2018 (C)		735		739
2.300%, 01/06/2020 (C)		830		834
Discovery Communications
5.200%, 09/20/2047		136		138
4.950%, 05/15/2042		120		119
4.875%, 04/01/2043		235		229
3.950%, 03/20/2028		222		220
DISH DBS
6.750%, 06/01/2021		80		88
5.875%, 07/15/2022 (D)		180		191
5.875%, 11/15/2024 (D)		570		598
Dollar Tree
5.750%, 03/01/2023		240		253
ERAC USA Finance
4.500%, 02/15/2045 (C)		100		99
3.300%, 12/01/2026 (C)		494		485
2.700%, 11/01/2023 (C)		135		132
Fiat Chrysler Automobiles
4.500%, 04/15/2020 (D)		200		208
Ford Motor (D)
5.291%, 12/08/2046		470		490
4.750%, 01/15/2043		210		206
Ford Motor Credit
5.875%, 08/02/2021		230		256
3.810%, 01/09/2024		360		367
3.339%, 03/28/2022		530		538
2.979%, 08/03/2022		990		986
Ford Motor Credit LLC
2.597%, 11/04/2019		775		781


Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
General Motors
6.600%, 04/01/2036	$	670	$	796
6.250%, 10/02/2043 (D)		100		114
5.400%, 04/01/2048 (D)		216		224
5.150%, 04/01/2038		410		421
4.200%, 10/01/2027		196		199
3.500%, 10/02/2018 (D)		1,000		1,016
General Motors Financial
4.375%, 09/25/2021		180		191
4.350%, 01/17/2027 (D)		990		1,017
4.250%, 05/15/2023 (D)		110		115
3.450%, 04/10/2022		90		91
3.250%, 05/15/2018		60		61
Goodyear Tire & Rubber
5.125%, 11/15/2023 (D)		220		230
5.000%, 05/31/2026		140		146
Grupo Televisa
5.000%, 05/13/2045		270		271
Hilton Worldwide Finance
4.875%, 04/01/2027 (D)		290		305
Hyundai Capital America
2.125%, 10/02/2017 (C)		140		140
Hyundai Capital America MTN
3.250%, 09/20/2022 (C)(D)		389		388
Lennar
4.500%, 04/30/2024		170		175
McDonald’s MTN
4.875%, 12/09/2045		467		526
3.500%, 03/01/2027 (D)		450		462
2.750%, 12/09/2020		265		270
Myriad International Holdings BV
4.850%, 07/06/2027 (C)		550		569
NBCUniversal Media
4.450%, 01/15/2043		75		80
4.375%, 04/01/2021		270		290
NCL
4.750%, 12/15/2021 (C)		40		42
4.625%, 11/15/2020 (C)		310		318
Netflix
5.875%, 02/15/2025		110		120
5.500%, 02/15/2022		50		55
Newell Brands
4.200%, 04/01/2026		260		274
3.850%, 04/01/2023		290		304
3.150%, 04/01/2021		170		174
QVC
5.950%, 03/15/2043		20		20
SFR Group
7.375%, 05/01/2026 (C)		400		432
Taylor Morrison Communities
5.250%, 04/15/2021 (C)		460		472


120		SEI Institutional Managed Trust / Annual Report / September 30, 2017


Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Time Warner
6.250%, 03/29/2041	$	185	$	222
4.850%, 07/15/2045		50		51
4.750%, 03/29/2021		730		786
3.800%, 02/15/2027		295		295
3.550%, 06/01/2024		1,365		1,388
Time Warner Cable
8.250%, 04/01/2019		2,265		2,463
7.300%, 07/01/2038		420		527
6.550%, 05/01/2037		145		170
Time Warner Entertainment
8.375%, 07/15/2033		270		367
Toyota Motor Credit MTN
2.600%, 01/11/2022		820		830
1.250%, 10/05/2017		1,150		1,150
Viacom
4.850%, 12/15/2034		264		249
4.375%, 03/15/2043		130		112
4.250%, 09/01/2023		100		103
3.875%, 04/01/2024		100		100


				45,255


Consumer Staples — 2.2%
Alimentation Couche-Tard
3.550%, 07/26/2027 (C)		415		419
2.700%, 07/26/2022 (C)		695		697
Altria Group
9.250%, 08/06/2019		1,250		1,416
4.750%, 05/05/2021		20		21
Anheuser-Busch InBev Finance
4.900%, 02/01/2046 (D)		2,846		3,215
3.650%, 02/01/2026		1,014		1,049
3.300%, 02/01/2023 (D)		2,084		2,160
2.650%, 02/01/2021		1,520		1,545
Anheuser-Busch InBev Worldwide
5.375%, 01/15/2020		1,140		1,226
5.000%, 04/15/2020		430		462
2.500%, 07/15/2022 (D)		330		333
BAT Capital
4.540%, 08/15/2047 (C)		775		797
3.557%, 08/15/2027 (C)		1,751		1,769
3.222%, 08/15/2024 (C)		412		413
2.764%, 08/15/2022 (C)(D)		1,822		1,832
2.297%, 08/14/2020 (C)		308		309
Church & Dwight
3.950%, 08/01/2047		160		159
3.150%, 08/01/2027		257		254
2.450%, 08/01/2022		160		159
Coca-Cola Femsa
2.375%, 11/26/2018		302		304
Costco Wholesale
3.000%, 05/18/2027		750		752


Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
2.750%, 05/18/2024	$	650	$	651
2.300%, 05/18/2022		750		751
Cott Holdings
5.500%, 04/01/2025 (C)		220		229
CVS Health
5.125%, 07/20/2045		1,750		2,013
3.875%, 07/20/2025		266		277
3.500%, 07/20/2022		100		104
Danone
2.947%, 11/02/2026 (C)		250		242
2.589%, 11/02/2023 (C)		1,040		1,022
Diageo Capital PLC
4.828%, 07/15/2020		1,450		1,562
Kraft Heinz Foods
6.500%, 02/09/2040		225		282
5.375%, 02/10/2020		315		338
5.200%, 07/15/2045		60		66
5.000%, 07/15/2035		180		196
5.000%, 06/04/2042		50		53
4.375%, 06/01/2046		1,413		1,395
3.950%, 07/15/2025		700		721
3.500%, 06/06/2022 (D)		840		870
3.500%, 07/15/2022		640		662
3.000%, 06/01/2026 (D)		725		695
2.800%, 07/02/2020		815		830
Kroger
2.950%, 11/01/2021		375		378
Lamb Weston Holdings
4.625%, 11/01/2024 (C)		210		219
Molson Coors Brewing
3.500%, 05/01/2022		100		104
Mondelez International Holdings
Netherlands BV
2.000%, 10/28/2021 (C)		2,030		1,994
1.625%, 10/28/2019 (C)		2,055		2,039
PepsiCo
4.000%, 03/05/2042		110		113
Pernod Ricard
4.450%, 01/15/2022 (C)		180		193
Philip Morris International
4.500%, 03/20/2042		60		65
2.900%, 11/15/2021		370		378
2.500%, 08/22/2022		340		340
2.000%, 02/21/2020		1,130		1,131
Reckitt Benckiser Treasury Services
2.750%, 06/26/2024 (C)		1,250		1,241
Reynolds American
8.125%, 06/23/2019		20		22
5.850%, 08/15/2045		791		968
3.250%, 06/12/2020		162		166
Spectrum Brands
5.750%, 07/15/2025 (D)		130		139


SEI Institutional Managed Trust / Annual Report / September 30, 2017		121

SCHEDULE OF INVESTMENTS

September 30, 2017

Core Fixed Income Fund (Continued)



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Walgreens Boots Alliance
4.800%, 11/18/2044	$	470	$	499
3.450%, 06/01/2026		1,625		1,620
3.300%, 11/18/2021		590		609
Wal-Mart Stores
4.300%, 04/22/2044		855		942
Wm Wrigley Jr
2.900%, 10/21/2019 (C)		480		487
2.400%, 10/21/2018 (C)		130		131

				46,028


Energy — 3.1%
Anadarko Finance, Ser B
7.500%, 05/01/2031		810		1,008
Anadarko Petroleum
6.600%, 03/15/2046		50		62
6.450%, 09/15/2036		30		35
5.550%, 03/15/2026 (D)		567		633
4.850%, 03/15/2021		423		449
4.500%, 07/15/2044 (D)		605		576
Apache
5.100%, 09/01/2040		130		136
4.250%, 01/15/2044 (D)		850		798
BG Energy Capital PLC
4.000%, 10/15/2021 (C)		910		961
BP Capital Markets PLC
3.723%, 11/28/2028		85		88
3.588%, 04/14/2027		660		679
3.561%, 11/01/2021		50		52
3.506%, 03/17/2025		530		547
3.245%, 05/06/2022		160		166
3.216%, 11/28/2023		1,600		1,639
3.119%, 05/04/2026		100		100
Canadian Natural Resources
3.850%, 06/01/2027		267		270
Cheniere Corpus Christi Holdings
5.125%, 06/30/2027 (C)		200		206
Chesapeake Energy (D)
8.000%, 12/15/2022 (C)		20		22
5.750%, 03/15/2023		50		46
Chevron
2.954%, 05/16/2026		730		729
2.895%, 03/03/2024		1,130		1,146
Cimarex Energy
4.375%, 06/01/2024		380		402
CNOOC Finance
3.500%, 05/05/2025		1,370		1,391
Concho Resources
4.875%, 10/01/2047		165		172
3.750%, 10/01/2027		355		357
Conoco Funding
7.250%, 10/15/2031		50		67



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
ConocoPhillips
5.900%, 10/15/2032	$	10	$	12
5.900%, 05/15/2038 (D)		420		523
4.150%, 11/15/2034		630		650
Devon Energy
5.850%, 12/15/2025 (D)		450		519
5.600%, 07/15/2041		380		416
5.000%, 06/15/2045		580		611
3.250%, 05/15/2022 (D)		270		273
Devon Financing LLC
7.875%, 09/30/2031		260		343
Ecopetrol
5.875%, 05/28/2045 (D)		1,290		1,261
Enbridge
3.700%, 07/15/2027		340		345
2.900%, 07/15/2022		496		499
Enbridge Energy Partners
7.375%, 10/15/2045		140		180
5.500%, 09/15/2040		240		251
Encana
6.500%, 02/01/2038		320		379
Energy Transfer
8.250%, 11/15/2029		1,315		1,703
6.125%, 12/15/2045		357		392
4.500%, 11/01/2023		690		723
2.500%, 06/15/2018		410		412
Ensco
8.000%, 01/31/2024 (D)		218		214
4.700%, 03/15/2021		2		2
EOG Resources
4.150%, 01/15/2026		230		244
ExxonMobil (D)
4.114%, 03/01/2046		150		162
3.043%, 03/01/2026		460		468
Florida Gas Transmission LLC
7.900%, 05/15/2019 (C)		1,000		1,087
Halliburton
5.000%, 11/15/2045		480		526
4.850%, 11/15/2035		60		65
3.800%, 11/15/2025		540		555
Hess
5.800%, 04/01/2047		105		108
Kerr-McGee
7.875%, 09/15/2031		510		648
Kinder Morgan
5.550%, 06/01/2045		220		237
5.000%, 02/15/2021 (C)		835		896
4.300%, 06/01/2025		1,295		1,357
3.150%, 01/15/2023		782		786
Kinder Morgan Energy Partners
5.400%, 09/01/2044		220		229


122		SEI Institutional Managed Trust / Annual Report / September 30, 2017



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Marathon Oil
6.600%, 10/01/2037 (D)	$	174	$	201
Marathon Petroleum
5.000%, 09/15/2054		240		232
4.750%, 09/15/2044		105		104
MPLX
4.875%, 12/01/2024		320		345
4.875%, 06/01/2025		110		118
Newfield Exploration
5.625%, 07/01/2024		210		225
Noble Energy
5.250%, 11/15/2043		180		189
4.950%, 08/15/2047		150		153
4.150%, 12/15/2021 (D)		690		727
3.900%, 11/15/2024		500		512
3.850%, 01/15/2028		280		280
Occidental Petroleum
4.625%, 06/15/2045 (D)		150		164
4.400%, 04/15/2046 (D)		90		95
4.100%, 02/15/2047 (D)		320		329
3.400%, 04/15/2026		270		276
3.125%, 02/15/2022 (D)		330		340
3.000%, 02/15/2027 (D)		230		226
Panhandle Eastern Pipeline
8.125%, 06/01/2019		2,000		2,178
Petrobras Global Finance
6.850%, 06/05/2115		620		592
6.250%, 03/17/2024		1,084		1,158
Petrobras Global Finance BV
7.375%, 01/17/2027		310		341
6.125%, 01/17/2022		130		140
5.299%, 01/27/2025 (C)		1,278		1,276
Petro-Canada
6.800%, 05/15/2038		825		1,105
Petroleos Mexicanos
6.625%, 06/15/2035 (D)		727		783
6.500%, 03/13/2027 (C)		291		322
6.375%, 01/23/2045		490		499
5.625%, 01/23/2046		385		358
5.500%, 06/27/2044 (D)		90		84
2.460%, 12/15/2025		1,003		1,008
2.378%, 04/15/2025		528		532
Petroleos Mexicanos MTN
6.750%, 09/21/2047		295		314
6.500%, 03/13/2027 (C)		395		438
Phillips 66 Partners
4.900%, 10/01/2046		355		355
Plains All American Pipeline
4.650%, 10/15/2025		500		515
4.500%, 12/15/2026		100		101
QEP Resources
6.875%, 03/01/2021 (D)		340		358



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Range Resources
5.875%, 07/01/2022 (C)	$	10	$	10
5.000%, 03/15/2023 (C)(D)		340		337
4.875%, 05/15/2025 (D)		20		20
Sabine Pass Liquefaction
5.875%, 06/30/2026		210		234
5.750%, 05/15/2024		220		245
5.625%, 03/01/2025		700		772
5.000%, 03/15/2027		407		434
4.200%, 03/15/2028		80		81
Schlumberger Holdings
4.000%, 12/21/2025 (C)		330		346
3.000%, 12/21/2020 (C)		1,690		1,731
Shelf Drilling Holdings
9.500%, 11/02/2020 (C)		36		37
Shell International Finance BV
4.550%, 08/12/2043		200		217
4.375%, 03/25/2020		690		732
4.375%, 05/11/2045 (D)		280		300
4.125%, 05/11/2035		920		972
4.000%, 05/10/2046 (D)		507		513
2.875%, 05/10/2026 (D)		700		696
Sinopec Group Overseas Development
4.375%, 04/10/2024 (C)		860		923
Southern Natural Gas LLC
8.000%, 03/01/2032		170		231
Spectra Energy Partners
3.500%, 03/15/2025		415		418
Statoil
3.700%, 03/01/2024		355		374
TC PipeLines
3.900%, 05/25/2027		320		321
Tennessee Gas Pipeline LLC
8.375%, 06/15/2032		1,638		2,113
Texas Eastern Transmission
2.800%, 10/15/2022 (C)		750		738
Total Capital International
2.875%, 02/17/2022		850		868
TransCanada PipeLines
4.625%, 03/01/2034		815		891
Transcontinental Gas Pipe Line
7.850%, 02/01/2026		590		762
Williams
7.875%, 09/01/2021		475		558
7.750%, 06/15/2031 (D)		461		561
Williams Partners
5.100%, 09/15/2045		265		279
4.875%, 03/15/2024		100		105
3.900%, 01/15/2025		750		765
3.750%, 06/15/2027		455		454
WPX Energy
8.250%, 08/01/2023		50		56


SEI Institutional Managed Trust / Annual Report / September 30, 2017		123

SCHEDULE OF INVESTMENTS

September 30, 2017

Core Fixed Income Fund (Continued)



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
6.000%, 01/15/2022	$	10	$	10


				64,890


Financials — 10.2%
ABN AMRO Bank
4.750%, 07/28/2025 (C)		360		382
Ally Financial
7.500%, 09/15/2020		526		592
American Campus Communities Operating Partnership
3.750%, 04/15/2023		1,050		1,081
American Express
7.000%, 03/19/2018		800		820
2.500%, 08/01/2022		830		829
American Express Credit MTN
2.250%, 08/15/2019		1,025		1,033
2.200%, 03/03/2020		1,500		1,508
American International Group
6.250%, 05/01/2036		335		428
6.250%, VAR ICE LIBOR USD 3 Month+2.056%, 03/15/2037		1,220		1,336
4.375%, 01/15/2055		80		78
3.900%, 04/01/2026		560		583
Banco Santander
4.250%, 04/11/2027		285		296
3.500%, 04/11/2022		370		379
Bank of America
7.625%, 06/01/2019		3,400		3,711
6.875%, 11/15/2018 (D)		1,250		1,317
6.250%, VAR ICE LIBOR USD 3 Month+3.705%, 09/29/2049		720		794
5.750%, 12/01/2017		305		307
Bank of America MTN
6.875%, 04/25/2018		675		694
5.650%, 05/01/2018		1,000		1,023
5.625%, 07/01/2020		110		120
5.000%, 01/21/2044 (D)		770		892
4.450%, 03/03/2026		417		441
4.244%, VAR ICE LIBOR USD 3 Month+1.814%, 04/24/2038		444		469
4.200%, 08/26/2024 (D)		830		873
4.000%, 04/01/2024 (D)		3,310		3,497
4.000%, 01/22/2025		810		838
3.875%, 08/01/2025		1,972		2,066
3.824%, VAR ICE LIBOR USD 3 Month+1.575%, 01/20/2028		874		899
3.593%, VAR ICE LIBOR USD 3 Month+1.370%, 07/21/2028 (D)		2,020		2,040
3.500%, 04/19/2026 (D)		60		61
3.300%, 01/11/2023 (D)		160		164
3.093%, VAR ICE LIBOR USD 3 Month+1.090%, 10/01/2025		930		929



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
2.625%, 04/19/2021	$	2,365	$	2,381
2.600%, 01/15/2019		670		675
2.503%, 10/21/2022		1,050		1,040
2.369%, VAR ICE LIBOR USD 3 Month+0.660%, 07/21/2021		1,025		1,025
Bank of New York Mellon
3.400%, 05/15/2024		770		796
Bank of New York Mellon MTN
3.250%, 05/16/2027		654		664
2.200%, 03/04/2019		630		633
Barclays Bank PLC MTN
6.050%, 12/04/2017 (C)		420		423
Bear Stearns
6.400%, 10/02/2017		70		70
4.650%, 07/02/2018		995		1,016
Berkshire Hathaway Finance
4.400%, 05/15/2042		1,000		1,098
BNP Paribas
4.625%, 03/13/2027 (C)		200		212
Boeing Capital
4.700%, 10/27/2019		490		519
BPCE
5.150%, 07/21/2024 (C)(D)		210		226
Brighthouse Financial
4.700%, 06/22/2047 (C)		205		200
3.700%, 06/22/2027 (C)		560		550
Capital One
2.650%, 08/08/2022		887		883
Capital One Financial
4.200%, 10/29/2025		141		145
3.750%, 03/09/2027 (D)		200		202
Chubb INA Holdings
4.350%, 11/03/2045		320		352
3.350%, 05/03/2026		170		174
2.300%, 11/03/2020		160		161
Citibank
2.100%, 06/12/2020		1,885		1,888
Citigroup
8.125%, 07/15/2039		69		109
6.675%, 09/13/2043		70		95
6.625%, 06/15/2032		100		127
6.300%, VAR ICE LIBOR USD 3 Month+3.423%, 12/29/2049		520		564
5.950%, VAR ICE LIBOR USD 3 Month+3.905%, 12/31/2049		1,250		1,352
5.950%, VAR ICE LIBOR USD 3 Month+4.068%, 12/29/2049		360		387
5.900%, VAR ICE LIBOR USD 3 Month+4.230%, 12/29/2049		140		151
5.500%, 09/13/2025		750		842
5.350%, VAR ICE LIBOR USD 3 Month+3.466%, 05/29/2049		390		405


124		SEI Institutional Managed Trust / Annual Report / September 30, 2017



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
5.300%, 05/06/2044	$	178	$	208
4.750%, 05/18/2046 (D)		70		76
4.650%, 07/30/2045		567		628
4.450%, 09/29/2027		1,490		1,573
4.400%, 06/10/2025		810		853
4.300%, 11/20/2026		180		188
4.050%, 07/30/2022		70		73
3.700%, 01/12/2026		905		928
3.500%, 05/15/2023		500		509
3.400%, 05/01/2026		605		606
3.200%, 10/21/2026		180		177
2.500%, 09/26/2018		4,100		4,127
2.050%, 12/07/2018		2,000		2,003
1.750%, 05/01/2018		1,835		1,836
Citigroup Capital III
7.625%, 12/01/2036		1,500		1,942
Commonwealth Bank of Australia MTN
5.000%, 10/15/2019 (C)		10		11
3.900%, 07/12/2047 (C)(D)		510		512
Compass Bank
3.875%, 04/10/2025		430		429
Cooperatieve Centrale Raiffeisen-Boerenleenbank
5.250%, 08/04/2045		310		369
4.625%, 12/01/2023		1,100		1,182
4.375%, 08/04/2025 (D)		650		682
Cooperatieve Rabobank UA
11.000%, VAR ICE LIBOR USD 3 Month+10.868%, 12/31/2049 (C)		920		1,040
Credit Agricole
8.375%, VAR ICE LIBOR USD 3 Month+6.982%, 12/31/2049 (C)		1,090		1,207
Credit Suisse Group
2.997%, VAR ICE LIBOR USD 3 Month+1.200%, 12/14/2023 (C)		845		843
Credit Suisse Group Funding Guernsey
4.875%, 05/15/2045		890		994
4.550%, 04/17/2026		580		622
3.800%, 09/15/2022		290		301
3.800%, 06/09/2023		285		295
Discover Bank
2.600%, 11/13/2018		995		1,002
DNB Bank
2.125%, 10/02/2020 (C)		1,040		1,039
Farmers Exchange Capital
7.050%, 07/15/2028 (C)		1,000		1,256
Farmers Exchange Capital II
6.151%, VAR ICE LIBOR USD 3 Month+3.744%, 11/01/2053 (C)		1,650		1,879
Ford Motor Credit LLC
8.125%, 01/15/2020		660		743



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
General Electric MTN
4.375%, 09/16/2020	$	30	$	32
Goldman Sachs Capital II
4.000%, VAR ICE LIBOR USD 3 Month+0.768%, 06/01/2043		10		9
Goldman Sachs Group
6.750%, 10/01/2037		714		942
6.250%, 02/01/2041		750		990
6.150%, 04/01/2018		2,780		2,841
5.950%, 01/18/2018		260		263
5.750%, 01/24/2022		110		123
5.250%, 07/27/2021		340		374
5.150%, 05/22/2045 (D)		600		687
4.750%, 10/21/2045		390		434
4.250%, 10/21/2025		520		542
3.750%, 02/25/2026		435		445
3.691%, VAR ICE LIBOR USD 3 Month+1.510%, 06/05/2028		1,380		1,391
3.500%, 11/16/2026		516		517
3.272%, VAR ICE LIBOR USD 3 Month+1.201%, 09/29/2025		1,925		1,928
2.750%, 09/15/2020		490		496
2.375%, 01/22/2018		2,370		2,376
Goldman Sachs Group MTN
7.500%, 02/15/2019		3,930		4,221
6.000%, 06/15/2020		170		187
5.375%, 03/15/2020 (D)		2,860		3,072
4.000%, 03/03/2024 (D)		490		517
3.850%, 07/08/2024		830		864
Goodman US Finance Three
4.500%, 10/15/2037 (C)		116		117
Guardian Life Global Funding
1.950%, 10/27/2021 (C)		750		737
Guardian Life Global Funding MTN
2.000%, 04/26/2021 (C)		1,000		987
Guardian Life Insurance of America
4.850%, 01/24/2077 (C)		36		39
HBOS PLC MTN
6.750%, 05/21/2018 (C)		2,100		2,162
HSBC Bank PLC
4.750%, 01/19/2021 (C)		1,760		1,894
HSBC Holdings
4.375%, 11/23/2026		947		987
4.250%, 08/18/2025		750		777
4.041%, VAR ICE LIBOR USD 3 Month+1.546%, 03/13/2028		335		350
3.400%, 03/08/2021 (D)		1,020		1,052
3.262%, VAR ICE LIBOR USD 3 Month+1.055%, 03/13/2023		1,020		1,041
2.650%, 01/05/2022		1,250		1,255
HSBC Holdings PLC
4.250%, 03/14/2024		985		1,030


SEI Institutional Managed Trust / Annual Report / September 30, 2017		125

SCHEDULE OF INVESTMENTS

September 30, 2017

Core Fixed Income Fund (Continued)



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
4.000%, 03/30/2022	$	330	$	349
ILFC E-Capital Trust II
4.610%, 12/21/2065 (A)(C)		400		381
ING Bank
5.800%, 09/25/2023 (C)		920		1,050
ING Groep
3.950%, 03/29/2027		430		448
3.150%, 03/29/2022		495		505
International Lease Finance
7.125%, 09/01/2018 (C)		2,080		2,178
Intesa Sanpaolo
3.875%, 07/14/2027 (C)		865		868
3.125%, 07/14/2022 (C)		1,090		1,093
Intesa Sanpaolo MTN
5.017%, 06/26/2024 (C)		1,610		1,637
John Deere Capital
1.700%, 01/15/2020		160		159
JPMorgan Chase
6.300%, 04/23/2019		2,000		2,134
6.000%, 01/15/2018		3,635		3,681
4.950%, 06/01/2045		150		171
4.500%, 01/24/2022		180		195
4.400%, 07/22/2020		210		223
4.350%, 08/15/2021 (D)		160		171
4.260%, VAR ICE LIBOR USD 3 Month+1.580%, 02/22/2048		575		603
4.250%, 10/15/2020		330		349
4.250%, 10/01/2027 (D)		130		137
4.032%, VAR ICE LIBOR USD 3 Month+1.460%, 07/24/2048		695		706
3.900%, 07/15/2025		2,115		2,227
3.882%, VAR ICE LIBOR USD 3 Month+1.360%, 07/24/2038		750		756
3.875%, 09/10/2024 (D)		620		646
3.250%, 09/23/2022		45		47
3.220%, VAR ICE LIBOR USD 3 Month+1.155%, 03/01/2025		2,605		2,647
2.972%, 01/15/2023 (D)		1,060		1,077
2.950%, 10/01/2026		1,134		1,110
2.776%, VAR ICE LIBOR USD 3 Month+0.935%, 04/25/2023		1,275		1,282
2.700%, 05/18/2023		1,045		1,045
JPMorgan Chase MTN
2.295%, 08/15/2021		925		924
JPMorgan Chase Bank
6.000%, 10/01/2017		1,600		1,600
Kemper
4.350%, 02/15/2025 (D)		515		522
KKR Group Finance II
5.500%, 02/01/2043 (C)		60		68
Lazard Group LLC
3.750%, 02/13/2025		650		663



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Macquarie Bank MTN
1.947%, VAR ICE LIBOR USD 3 Month+0.630%, 10/27/2017 (C)	$	1,180	$	1,181
Massachusetts Mutual Life Insurance
8.875%, 06/01/2039 (C)		107		174
MetLife Capital Trust IV
7.875%, 12/15/2037 (C)		800		1,072
Metropolitan Life Global Funding I
3.450%, 12/18/2026 (C)		1,150		1,183
1.950%, 09/15/2021 (C)		330		325
Mitsubishi UFJ Financial Group
2.998%, 02/22/2022		230		233
Morgan Stanley
4.375%, 01/22/2047		105		112
3.625%, 01/20/2027		681		690
2.109%, VAR ICE LIBOR USD 3 Month+0.800%, 02/14/2020		4,500		4,523
Morgan Stanley MTN
7.300%, 05/13/2019		545		590
6.625%, 04/01/2018		1,000		1,024
5.950%, 12/28/2017		2,000		2,020
5.500%, 07/24/2020 (D)		500		543
4.350%, 09/08/2026		37		39
3.971%, VAR ICE LIBOR USD 3 Month+1.455%, 07/22/2038		390		392
3.125%, 07/27/2026		135		132
2.750%, 05/19/2022		1,370		1,378
2.625%, 11/17/2021		2,478		2,487
2.500%, 04/21/2021		575		577
2.243%, VAR ICE LIBOR USD 3 Month+0.930%, 07/22/2022		2,045		2,053
Nationwide Mutual Insurance
3.610%, VAR ICE LIBOR USD 3 Month+2.290%, 12/15/2024 (C)		2,975		2,972
New York Life Global Funding
1.550%, 11/02/2018 (C)		1,000		999
New York Life Insurance
6.750%, 11/15/2039 (C)		415		577
Nippon Life Insurance
4.000%, VAR USD ICE Swap 11:00 NY 5 Yr+2.880%, 09/19/2047 (C)(D)		490		485
Northwestern Mutual Life Insurance
6.063%, 03/30/2040 (C)		690		908
3.850%, 09/30/2047 (C)		435		430
PNC Bank
2.550%, 12/09/2021		250		252
2.250%, 07/02/2019		545		549
PNC Bank MTN
2.400%, 10/18/2019		625		630
Protective Life Global Funding
1.722%, 04/15/2019 (C)		1,600		1,595


126		SEI Institutional Managed Trust / Annual Report / September 30, 2017



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Quicken Loans
5.750%, 05/01/2025 (C)(D)	$	200	$	210
Royal Bank of Scotland Group PLC
6.125%, 12/15/2022 (D)		390		429
6.100%, 06/10/2023		550		609
6.000%, 12/19/2023		860		951
5.125%, 05/28/2024		490		522
Santander Holdings USA
4.500%, 07/17/2025 (D)		80		83
Santander UK Group Holdings
2.875%, 08/05/2021		1,485		1,492
Standard Chartered
5.700%, 03/26/2044 (C)(D)		1,160		1,363
State Street
4.956%, 03/15/2018		1,300		1,318
Sumitomo Mitsui Financial Group
2.058%, 07/14/2021		340		335
Teachers Insurance & Annuity Association of America
6.850%, 12/16/2039 (C)		110		152
4.900%, 09/15/2044 (C)		175		198
4.270%, 05/15/2047 (C)		125		129
UBS Group Funding Switzerland
4.253%, 03/23/2028 (C)		720		755
4.125%, 09/24/2025 (C)		200		210
3.491%, 05/23/2023 (C)		1,655		1,695
2.650%, 02/01/2022 (C)		1,025		1,021
US Bancorp MTN
3.150%, 04/27/2027		247		248
US Bank
2.125%, 10/28/2019		435		438
Wachovia MTN
5.750%, 02/01/2018		2,000		2,028
Wachovia Capital Trust III
5.570%, VAR ICE LIBOR USD 3 Month+0.930%, 05/31/2016 (D)		2,340		2,346
WEA Finance
4.750%, 09/17/2044 (C)		230		237
3.750%, 09/17/2024 (C)		780		795
3.250%, 10/05/2020 (C)		1,750		1,787
3.150%, 04/05/2022 (C)		555		562
Wells Fargo
5.875%, VAR ICE LIBOR USD 3 Month+3.990%, 12/29/2049		120		133
3.000%, 04/22/2026		1,935		1,901
3.000%, 10/23/2026		1,310		1,281
2.100%, 07/26/2021		1,280		1,269
Wells Fargo MTN
4.900%, 11/17/2045		650		725
4.750%, 12/07/2046 (D)		500		549
4.650%, 11/04/2044		260		278
4.600%, 04/01/2021 (D)		160		172



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
4.400%, 06/14/2046 (D)	$	820	$	851
4.300%, 07/22/2027 (D)		1,500		1,586
3.450%, 02/13/2023		430		441
3.000%, 01/22/2021		1,010		1,033
2.625%, 07/22/2022 (D)		3,340		3,346
Wells Fargo Bank
6.000%, 11/15/2017		250		251
Wells Fargo Bank MTN
1.650%, 01/22/2018		1,670		1,671


				212,834


Health Care — 2.6%
Abbott Laboratories
4.900%, 11/30/2046		435		486
4.750%, 11/30/2036		170		188
3.750%, 11/30/2026		2,735		2,806
3.400%, 11/30/2023		2,080		2,145
AbbVie
4.700%, 05/14/2045		500		545
4.500%, 05/14/2035		510		549
4.450%, 05/14/2046		535		563
3.600%, 05/14/2025		90		93
3.200%, 05/14/2026 (D)		360		361
2.900%, 11/06/2022		190		193
2.500%, 05/14/2020		790		799
1.800%, 05/14/2018		750		751
Aetna
2.800%, 06/15/2023		1,665		1,675
2.200%, 03/15/2019		310		312
Allergan Funding SCS
4.750%, 03/15/2045		41		44
4.550%, 03/15/2035		60		64
3.800%, 03/15/2025		2,495		2,591
3.450%, 03/15/2022		530		550
Amgen
5.150%, 11/15/2041		745		852
4.663%, 06/15/2051		500		549
4.400%, 05/01/2045		745		789
3.625%, 05/22/2024 (D)		100		104
Anthem
3.500%, 08/15/2024		500		514
Baxalta
3.600%, 06/23/2022		920		953
Becton Dickinson
4.685%, 12/15/2044 (D)		505		534
3.734%, 12/15/2024 (D)		162		166
3.700%, 06/06/2027		455		460
3.363%, 06/06/2024		1,115		1,125
2.894%, 06/06/2022		575		577
2.404%, 06/05/2020		680		682
Biogen
3.625%, 09/15/2022		260		273


SEI Institutional Managed Trust / Annual Report / September 30, 2017		127

SCHEDULE OF INVESTMENTS

September 30, 2017

Core Fixed Income Fund (Continued)



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Cardinal Health
3.079%, 06/15/2024	$	220	$	221
2.616%, 06/15/2022		170		170
Celgene
5.000%, 08/15/2045		2,125		2,402
3.875%, 08/15/2025		220		232
3.550%, 08/15/2022		300		314
Centene
6.125%, 02/15/2024 (D)		110		119
4.750%, 05/15/2022		210		219
4.750%, 01/15/2025		130		135
Cigna
3.050%, 10/15/2027		1,005		991
DaVita
5.000%, 05/01/2025		20		20
Eli Lilly
3.950%, 05/15/2047		170		176
3.100%, 05/15/2027		475		478
2.350%, 05/15/2022		190		190
EMD Finance
2.400%, 03/19/2020 (C)		1,045		1,053
Fresenius Medical Care US Finance II
5.875%, 01/31/2022 (C)		170		191
5.625%, 07/31/2019 (C)		750		796
Gilead Sciences
4.750%, 03/01/2046		470		526
3.700%, 04/01/2024 (D)		775		819
3.650%, 03/01/2026		310		323
3.500%, 02/01/2025		1,030		1,073
3.250%, 09/01/2022		405		418
GlaxoSmithKline Capital
5.650%, 05/15/2018		810		831
Humana
7.200%, 06/15/2018		1,150		1,193
4.950%, 10/01/2044		50		57
4.800%, 03/15/2047 (D)		20		22
4.625%, 12/01/2042 (D)		130		140
3.950%, 03/15/2027		50		52
3.850%, 10/01/2024		790		830
3.150%, 12/01/2022		170		173
Johnson & Johnson
4.500%, 12/05/2043		600		689
3.625%, 03/03/2037		260		270
Kaiser Foundation Hospitals
3.150%, 05/01/2027		2,500		2,516
Laboratory Corp of America Holdings
3.600%, 09/01/2027		335		337
3.250%, 09/01/2024		335		336
Medtronic
3.625%, 03/15/2024		465		490
3.500%, 03/15/2025 (D)		840		876



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Medtronic Global Holdings SCA
3.350%, 04/01/2027	$	330	$	339
Merck
2.750%, 02/10/2025 (D)		230		231
Perrigo Finance Unlimited
4.375%, 03/15/2026		365		379
3.900%, 12/15/2024		235		240
Pfizer
4.000%, 12/15/2036		410		440
Providence St. Joseph Health Obligated Group
2.746%, 10/01/2026		1,200		1,151
RWJ Barnabas Health
3.949%, 07/01/2046		1,030		1,026
Shire Acquisitions Investments Ireland
3.200%, 09/23/2026		810		798
2.875%, 09/23/2023		685		681
1.900%, 09/23/2019		2,200		2,196
Tenet Healthcare
8.125%, 04/01/2022 (D)		60		61
Teva Pharmaceutical Finance BV
2.950%, 12/18/2022 (D)		120		117
Teva Pharmaceutical Finance Netherlands III BV
3.150%, 10/01/2026 (D)		190		175
2.800%, 07/21/2023 (D)		50		48
2.200%, 07/21/2021		10		9
Thermo Fisher Scientific
4.100%, 08/15/2047		356		357
3.200%, 08/15/2027		555		549
UnitedHealth Group
5.800%, 03/15/2036		280		353
4.750%, 07/15/2045 (D)		950		1,097
3.875%, 10/15/2020		530		557
2.875%, 12/15/2021		580		595
Valeant Pharmaceuticals International
7.500%, 07/15/2021 (C)		1,040		1,037
7.000%, 03/15/2024 (C)		200		213
6.500%, 03/15/2022 (C)		70		74
5.875%, 05/15/2023 (C)(D)		90		80
5.375%, 03/15/2020 (C)		60		60
Wyeth LLC
5.950%, 04/01/2037 (D)		340		445


				55,279


Industrials — 1.5%
ABB Finance USA
4.375%, 05/08/2042		80		86
AerCap Ireland Capital
4.625%, 07/01/2022		210		225
3.750%, 05/15/2019 (D)		520		532


128		SEI Institutional Managed Trust / Annual Report / September 30, 2017




Description	Face Amount (Thousands)		Market Value ($ Thousands)


CORPORATE OBLIGATIONS (continued)
Air Lease
3.625%, 04/01/2027	$	505	$	506
2.625%, 07/01/2022 (D)		800		794
BAE Systems
4.750%, 10/11/2021 (C)		1,350		1,456
Burlington Northern Santa Fe
4.150%, 04/01/2045		505		536
Caterpillar Financial Services MTN
2.750%, 08/20/2021		620		629
2.100%, 01/10/2020		265		266
Catholic Health Initiatives
4.350%, 11/01/2042		80		75
Cintas No. 2
3.700%, 04/01/2027		260		272
2.900%, 04/01/2022		230		234
CK Hutchison International 17
2.750%, 03/29/2023 (C)		270		269
Continental Airlines Pass-Through Trust,
Ser 1999-2, Cl C-2
7.256%, 03/15/2020		966		1,027
Continental Airlines Pass-Through Trust, Ser 2007-1, Cl A
5.983%, 04/19/2022		1,252		1,378
DAE Funding
5.000%, 08/01/2024 (C)		90		92
4.500%, 08/01/2022 (C)		100		103
Delta Air Lines Pass-Through Trust, Ser 2007- 1, Cl A
6.821%, 08/10/2022		368		424
Eaton
4.150%, 11/02/2042		440		442
2.750%, 11/02/2022		450		453
1.500%, 11/02/2017		270		270
FedEx
4.550%, 04/01/2046		485		516
4.400%, 01/15/2047		223		232
GE Capital International Funding
4.418%, 11/15/2035		227		247
2.342%, 11/15/2020 (D)		530		535
General Dynamics
2.625%, 11/15/2027		450		436
General Electric
4.500%, 03/11/2044 (D)		220		246
General Electric MTN
6.875%, 01/10/2039		521		763
5.875%, 01/14/2038		182		238
5.300%, 02/11/2021		184		202
1.795%, VAR ICE LIBOR USD 3 Month+0.480%, 08/15/2036		1,550		1,380
Illinois Tool Works
2.650%, 11/15/2026		275		268




Description	Face Amount (Thousands)		Market Value ($ Thousands)


CORPORATE OBLIGATIONS (continued)
International Lease Finance
8.625%, 01/15/2022	$	10	$	12
John Deere Capital MTN
2.800%, 09/08/2027		487		479
2.150%, 09/08/2022		389		385
Lockheed Martin
4.500%, 05/15/2036		90		98
3.550%, 01/15/2026		530		547
3.350%, 09/15/2021		920		956
3.100%, 01/15/2023		50		52
Mexico City Airport Trust
5.500%, 07/31/2047 (C)		335		339
3.875%, 04/30/2028 (C)(D)		315		314
Northrop Grumman
3.850%, 04/15/2045		200		195
3.250%, 08/01/2023		1,400		1,443
3.200%, 02/01/2027		690		694
Park Aerospace Holdings (D)
5.500%, 02/15/2024 (C)		160		168
5.250%, 08/15/2022 (C)		80		83
Penske Truck Leasing L.P.
3.400%, 11/15/2026 (C)(D)		595		588
3.375%, 02/01/2022 (C)		370		380
2.700%, 03/14/2023 (C)		506		501
Raytheon
3.125%, 10/15/2020		430		445
Republic Services
3.800%, 05/15/2018		1,254		1,270
Siemens Financieringsmaatschappij
2.900%, 05/27/2022 (C)		825		843
2.200%, 03/16/2020 (C)		695		702
2.000%, 09/15/2023 (C)		1,030		996
Union Pacific
3.000%, 04/15/2027		560		563
United Business Media
5.750%, 11/03/2020 (C)		490		514
United Rentals North America
5.500%, 07/15/2025 (D)		240		257
4.875%, 01/15/2028		70		71
United Technologies
4.500%, 06/01/2042		200		215
US Airways Pass-Through Trust, Ser 2012-2, Cl A
4.625%, 06/03/2025 (D)		738		790
Valmont Industries
5.250%, 10/01/2054		295		289
Wabtec
3.450%, 11/15/2026		460		452
Waste Management
7.375%, 05/15/2029		330		435
3.500%, 05/15/2024		280		291


SEI Institutional Managed Trust / Annual Report / September 30, 2017		129

SCHEDULE OF INVESTMENTS

September 30, 2017

Core Fixed Income Fund (Continued)



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
West
5.375%, 07/15/2022 (C)	$	300	$	303
4.750%, 07/15/2021 (C)		90		91


				30,893


Information Technology — 1.6%
Analog Devices
3.500%, 12/05/2026		350		353
3.125%, 12/05/2023		460		467
2.500%, 12/05/2021		430		431
Apple
4.375%, 05/13/2045		595		647
4.250%, 02/09/2047		40		43
3.850%, 05/04/2043		640		645
3.350%, 02/09/2027		570		587
3.200%, 05/11/2027		575		585
3.000%, 02/09/2024		760		779
2.850%, 05/11/2024		855		865
2.700%, 05/13/2022		140		143
2.450%, 08/04/2026		680		656
2.300%, 05/11/2022		1,940		1,948
1.800%, 05/11/2020		920		920
Cisco Systems
1.850%, 09/20/2021		725		717
1.400%, 09/20/2019		1,185		1,179
CommScope Technologies
5.000%, 03/15/2027 (C)(D)		130		130
Dell International
4.420%, 06/15/2021 (C)		820		861
3.480%, 06/01/2019 (C)		1,160		1,183
Fidelity National Information Services
3.625%, 10/15/2020		265		276
2.850%, 10/15/2018		590		597
2.250%, 08/15/2021		337		335
Harris
5.054%, 04/27/2045		190		218
Hewlett Packard Enterprise
6.350%, 10/15/2045		515		546
4.900%, 10/15/2025		200		211
Intel
4.900%, 07/29/2045 (D)		120		143
3.700%, 07/29/2025		140		148
Microsoft
4.500%, 02/06/2057		95		107
4.100%, 02/06/2037 (D)		675		732
3.950%, 08/08/2056		100		103
3.750%, 02/12/2045		950		964
3.700%, 08/08/2046		425		429
3.500%, 02/12/2035		685		697
3.450%, 08/08/2036 (D)		220		222
3.300%, 02/06/2027 (D)		1,000		1,035
2.875%, 02/06/2024		1,315		1,344



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
2.700%, 02/12/2025 (D)	$	160	$	162
2.400%, 02/06/2022		770		778
2.400%, 08/08/2026		2,260		2,184
2.000%, 08/08/2023		515		505
Nokia
4.375%, 06/12/2027		120		123
3.375%, 06/12/2022		880		888
Oracle
3.900%, 05/15/2035		1,195		1,253
1.200%, 10/15/2017		1,050		1,050
TSMC Global
1.625%, 04/03/2018 (C)		875		874
Visa
4.300%, 12/14/2045 (D)		570		631
3.650%, 09/15/2047		395		393
3.150%, 12/14/2025 (D)		1,050		1,075
2.800%, 12/14/2022		255		261
VMware
3.900%, 08/21/2027		335		339
2.950%, 08/21/2022		560		563
2.300%, 08/21/2020		675		677


				33,002


Materials — 1.0%
Air Liquide Finance
2.250%, 09/27/2023 (C)		325		313
Alcoa Nederland Holding BV
6.750%, 09/30/2024 (C)		270		299
Amcor Finance USA
3.625%, 04/28/2026 (C)		1,050		1,042
Anglo American Capital
4.750%, 04/10/2027 (C)		210		219
4.000%, 09/11/2027 (C)		200		198
3.750%, 04/10/2022 (C)(D)		280		287
3.625%, 09/11/2024 (C)		200		200
ArcelorMittal
7.500%, 10/15/2039		120		144
7.250%, 02/25/2022		120		138
Barrick
5.250%, 04/01/2042 (D)		70		80
Barrick North America Finance
5.750%, 05/01/2043		120		145
5.700%, 05/30/2041		455		543
4.400%, 05/30/2021		303		326
BHP Billiton Finance USA
6.750%, VAR USD Swap Semi 30/360 5 Year Curr+5.093%, 10/19/2075 (C)(D)		620		730
5.000%, 09/30/2043 (D)		455		537
2.875%, 02/24/2022		35		36
Celulosa Arauco y Constitucion
4.750%, 01/11/2022		100		106


130		SEI Institutional Managed Trust / Annual Report / September 30, 2017



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
CF Industries
4.500%, 12/01/2026 (C)(D)	$	322	$	337
3.400%, 12/01/2021 (C)		415		423
Dow Chemical
3.000%, 11/15/2022		1,265		1,288
Eastman Chemical
2.700%, 01/15/2020		695		703
Ecolab
4.350%, 12/08/2021		220		238
EI du Pont de Nemours
2.200%, 05/01/2020		280		282
Equate Petrochemical BV MTN
4.250%, 11/03/2026 (C)		410		422
Freeport-McMoRan
6.875%, 02/15/2023 (D)		50		55
6.500%, 11/15/2020		104		106
5.450%, 03/15/2043		195		182
4.000%, 11/14/2021		360		362
Glencore Finance Canada
2.700%, 10/25/2017 (C)		1,080		1,080
Glencore Funding (D)
4.125%, 05/30/2023 (C)		60		62
4.000%, 03/27/2027 (C)		990		996
International Paper
5.150%, 05/15/2046		470		526
5.000%, 09/15/2035		360		399
LyondellBasell Industries
5.750%, 04/15/2024		200		229
Nacional del Cobre de Chile
4.500%, 08/01/2047 (C)		245		249
3.625%, 08/01/2027 (C)		345		343
OCP
4.500%, 10/22/2025 (C)		1,650		1,660
Potash Corp of Saskatchewan
4.875%, 03/30/2020 (D)		280		295
Reynolds Group Issuer
6.875%, 02/15/2021		117		120
5.125%, 07/15/2023 (C)		170		177
Sherwin-Williams
3.450%, 06/01/2027		194		195
2.750%, 06/01/2022		505		509
Southern Copper
5.250%, 11/08/2042		900		952
Vale Overseas
6.875%, 11/21/2036		1,510		1,729
6.250%, 08/10/2026 (D)		325		369
Vulcan Materials
4.500%, 06/15/2047		225		228
Westlake Chemical
4.875%, 05/15/2023		140		146
4.625%, 02/15/2021		60		62



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
WestRock RKT
4.000%, 03/01/2023 (D)	$	70	$	74
3.500%, 03/01/2020		320		328

				20,469


Real Estate — 0.9%
Alexandria Real Estate Equities
2.750%, 01/15/2020		2,000		2,020
Boston Properties
3.800%, 02/01/2024 (D)		1,250		1,307
Crown Castle International
3.200%, 09/01/2024 (D)		1,000		995
DDR
4.625%, 07/15/2022		575		609
3.375%, 05/15/2023		525		518
Digital Realty Trust
3.700%, 08/15/2027		335		338
2.750%, 02/01/2023		156		155
First Industrial MTN
7.500%, 12/01/2017		970		979
GLP Capital
5.375%, 04/15/2026		80		87
HCP
4.200%, 03/01/2024		765		801
3.150%, 08/01/2022		1,000		1,012
Highwoods Properties
7.500%, 04/15/2018		1,142		1,176
Mid-America Apartments
4.300%, 10/15/2023		215		228
4.000%, 11/15/2025		265		275
3.750%, 06/15/2024		505		521
3.600%, 06/01/2027		320		321
Public Storage
3.094%, 09/15/2027		447		446
2.370%, 09/15/2022		1,541		1,539
Regency Centers
3.600%, 02/01/2027		209		209
SL Green Realty
7.750%, 03/15/2020		1,000		1,114
Tanger Properties
3.875%, 12/01/2023		270		275
3.750%, 12/01/2024		250		250
Ventas Realty L.P.
2.700%, 04/01/2020		1,450		1,464
2.000%, 02/15/2018		1,000		1,001
Washington Prime Group
5.950%, 08/15/2024		200		204
Welltower
4.950%, 01/15/2021 (D)		820		880
4.000%, 06/01/2025		625		652


				19,376


SEI Institutional Managed Trust / Annual Report / September 30, 2017		131

SCHEDULE OF INVESTMENTS

September 30, 2017

Core Fixed Income Fund (Continued)



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)

Telecommunication Services — 1.4%
America Movil
5.625%, 11/15/2017 (D)	$	440	$	442
5.000%, 03/30/2020		750		802
AT&T
6.000%, 08/15/2040		845		952
5.450%, 03/01/2047		490		518
5.300%, 08/14/2058		244		247
5.250%, 03/01/2037		1,945		2,047
5.150%, 02/14/2050		223		224
4.900%, 08/14/2037		600		606
4.750%, 05/15/2046		1,530		1,471
4.500%, 03/09/2048 (D)		1,998		1,843
4.450%, 04/01/2024		555		589
4.350%, 06/15/2045		240		220
4.250%, 03/01/2027		170		175
3.950%, 01/15/2025		240		247
3.900%, 08/14/2027		1,094		1,096
3.600%, 02/17/2023		400		412
3.400%, 05/15/2025		3,482		3,435
Bharti Airtel
4.375%, 06/10/2025 (C)		940		952
Sprint
7.875%, 09/15/2023 (D)		340		394
7.625%, 02/15/2025 (D)		310		356
7.250%, 09/15/2021		40		44
Sprint Capital
8.750%, 03/15/2032		300		384
Telefonica Emisiones SAU
5.877%, 07/15/2019		90		96
5.213%, 03/08/2047		450		495
5.134%, 04/27/2020		300		322
Verizon Communications
5.500%, 03/16/2047 (D)		130		144
5.250%, 03/16/2037		1,100		1,206
5.012%, 08/21/2054		199		200
4.862%, 08/21/2046		475		481
4.522%, 09/15/2048 (D)		435		421
4.500%, 08/10/2033 (D)		1,005		1,030
4.400%, 11/01/2034		2,495		2,497
4.272%, 01/15/2036		1,335		1,311
4.125%, 03/16/2027 (D)		1,825		1,904
4.125%, 08/15/2046		980		891
3.850%, 11/01/2042		130		115
3.500%, 11/01/2024		120		122
2.946%, 03/15/2022		395		402
2.625%, 08/15/2026 (D)		910		855
Vodafone Group PLC
2.950%, 02/19/2023		430		437

				30,385



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)

Utilities — 2.2%
AEP Texas Central Transition Funding II
5.170%, 01/01/2018	$	42	$	42
AEP Transmission
3.100%, 12/01/2026		1,700		1,705
AES
4.875%, 05/15/2023 (D)		470		484
Alabama Power
2.450%, 03/30/2022		490		490
American Electric Power
1.650%, 12/15/2017		655		655
Appalachian Power
3.300%, 06/01/2027		320		323
Baltimore Gas & Electric
3.750%, 08/15/2047		390		388
Berkshire Hathaway Energy
6.500%, 09/15/2037		1,160		1,550
Commonwealth Edison
3.750%, 08/15/2047		131		131
2.950%, 08/15/2027		450		448
Consolidated Edison of New York
4.450%, 03/15/2044		810		898
Dominion Energy
2.000%, 08/15/2021		295		290
1.866%, VAR ICE LIBOR USD 3 Month+0.550%, 06/01/2019 (C)(D)		1,000		1,004
1.600%, 08/15/2019		390		387
DTE Energy
1.500%, 10/01/2019		490		483
Duke Energy
3.950%, 08/15/2047		130		129
3.150%, 08/15/2027		98		97
1.800%, 09/01/2021		445		436
Duke Energy Carolinas
4.250%, 12/15/2041		600		652
4.000%, 09/30/2042		1,000		1,043
3.875%, 03/15/2046		210		215
2.500%, 03/15/2023		330		332
Duke Energy Florida
3.850%, 11/15/2042		165		167
3.400%, 10/01/2046		200		189
3.200%, 01/15/2027		635		642
Duquesne Light Holdings
6.400%, 09/15/2020 (C)		1,450		1,611
3.616%, 08/01/2027 (C)		575		571
Electricite de France
6.000%, 01/22/2114 (C)		260		290
Emera US Finance
2.150%, 06/15/2019 (D)		2,049		2,050
Enel Finance International
2.875%, 05/25/2022 (C)		990		996


132		SEI Institutional Managed Trust / Annual Report / September 30, 2017



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Exelon
5.625%, 06/15/2035	$	760	$	915
FirstEnergy
3.900%, 07/15/2027 (D)		540		548
FirstEnergy, Ser C
7.375%, 11/15/2031 (D)		2,965		3,944
Florida Gas Transmission LLC
3.875%, 07/15/2022 (C)		1,000		1,042
Georgia Power
4.300%, 03/15/2042		100		105
Indiana Michigan Power
4.550%, 03/15/2046		210		233
IPALCO Enterprises
3.700%, 09/01/2024 (C)		340		341
KCP&L Greater Missouri Operations
8.270%, 11/15/2021		2,700		3,151
KeySpan Gas East
2.742%, 08/15/2026 (C)		675		655
Majapahit Holding BV
7.750%, 01/20/2020		420		468
Metropolitan Edison
3.500%, 03/15/2023 (C)		2,425		2,493
MidAmerican Energy
4.800%, 09/15/2043		510		593
4.250%, 05/01/2046		500		536
NiSource Finance
6.800%, 01/15/2019		347		368
3.950%, 03/30/2048		117		115
Northern States Power
3.600%, 09/15/2047		488		481
Oklahoma Gas & Electric
4.150%, 04/01/2047		410		434
Oncor Electric Delivery LLC
6.800%, 09/01/2018 (D)		1,075		1,124
4.550%, 12/01/2041		690		767
Pacific Gas & Electric
8.250%, 10/15/2018		280		298
6.050%, 03/01/2034		340		443
5.800%, 03/01/2037		710		905
4.450%, 04/15/2042		200		221
PECO Energy
4.150%, 10/01/2044		625		665
3.150%, 10/15/2025		525		533
PPL Electric Utilities
4.150%, 10/01/2045		345		368
Public Service of New Hampshire
3.500%, 11/01/2023		310		324
Public Service of New Mexico
7.950%, 05/15/2018		1,265		1,312
Sierra Pacific Power
2.600%, 05/01/2026		450		435


Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Southern
4.400%, 07/01/2046	$	275	$	285
2.150%, 09/01/2019		615		616
Southern Gas Capital
2.450%, 10/01/2023		300		294
Southwestern Electric Power
3.900%, 04/01/2045		140		141
Southwestern Public Service
3.700%, 08/15/2047		293		292
SP PowerAssets MTN
3.000%, 09/26/2027 (C)		231		230
Virginia Electric & Power
4.650%, 08/15/2043		405		452
2.950%, 11/15/2026		285		283
2.750%, 03/15/2023 (D)		500		506

				45,614

Total Corporate Obligations (Cost $581,554) ($ Thousands)				604,025


U.S. TREASURY OBLIGATIONS — 28.6%
U.S. Treasury Bills
1.082%, 03/01/2018 (B)(K)		297		296
1.034%, 01/04/2018 (B)		5,435		5,420
U.S. Treasury Bonds
6.250%, 05/15/2030		1,630		2,315
5.250%, 11/15/2028		1,725		2,214
5.250%, 02/15/2029		750		966
3.816%, 02/15/2045 (B)		4,000		1,797
3.750%, 11/15/2043		15,470		18,134
3.000%, 05/15/2045		19,410		19,986
3.000%, 11/15/2045		1,726		1,775
3.000%, 02/15/2047		7,584		7,801
3.000%, 05/15/2047		9,233		9,501
2.882%, 08/15/2045 (B)		2,120		937
2.875%, 08/15/2045		49,895		50,109
2.875%, 11/15/2046		1,754		1,760
2.750%, 08/15/2047		43,243		42,304
2.500%, 02/15/2045 (K)		25,565		23,843
2.500%, 02/15/2046		17,201		15,996
2.500%, 05/15/2046		11,245		10,449
2.250%, 08/15/2046		7,290		6,410
U.S. Treasury Inflation Protected Securities
1.375%, 02/15/2044		798		881
0.875%, 02/15/2047		6,707		6,609
0.750%, 02/15/2042		2,112		2,041
0.625%, 01/15/2024		3,000		3,064
0.375%, 07/15/2023		1,399		1,417
0.375%, 07/15/2027		10,947		10,825
0.125%, 04/15/2018		3,939		3,941
0.125%, 04/15/2021		3,259		3,269


SEI Institutional Managed Trust / Annual Report / September 30, 2017			133

SCHEDULE OF INVESTMENTS

September 30, 2017

Core Fixed Income Fund (Continued)



Description	Face Amount (Thousands)		Market Value ($ Thousands)

U.S. TREASURY OBLIGATIONS (continued)
0.125%, 04/15/2022	$	1,641	$	1,641
0.125%, 07/15/2026		4,705		4,672
U.S. Treasury Notes
2.375%, 05/15/2027		3,384		3,398
2.250%, 02/15/2027		10,086		10,025
2.250%, 08/15/2027		27,170		26,985
2.125%, 12/31/2022		8,600		8,662
2.125%, 09/30/2024		3,930		3,920
2.000%, 08/31/2021		1,915		1,930
2.000%, 10/31/2021		5,924		5,967
2.000%, 12/31/2021		7,821		7,870
2.000%, 02/15/2025		3,875		3,822
2.000%, 11/15/2026		5,369		5,232
1.875%, 01/31/2022		384		384
1.875%, 03/31/2022		12,220		12,216
1.875%, 07/31/2022		8,190		8,172
1.875%, 09/30/2022		43,588		43,482
1.875%, 08/31/2024		664		652
1.750%, 12/31/2020		1,031		1,033
1.750%, 01/31/2023		3,225		3,186
1.625%, 07/31/2020		7,126		7,130
1.625%, 08/31/2022 (D)		50,622		49,926
1.500%, 08/31/2018		5,485		5,492
1.500%, 05/31/2020		10,157		10,135
1.500%, 08/15/2020		4,986		4,971
1.500%, 08/15/2026		5,912		5,536
1.375%, 07/31/2018		5,460		5,462
1.375%, 11/30/2018		2,085		2,084
1.375%, 07/31/2019 (D)		11,934		11,915
1.375%, 09/30/2019		21,011		20,967
1.375%, 08/31/2020		1,239		1,230
1.375%, 09/15/2020 (D)		22,581		22,425
1.375%, 01/31/2021		9,070		8,974
1.250%, 06/30/2019		1,967		1,960
1.250%, 08/31/2019 (D)		8,611		8,574
1.125%, 01/15/2019		3,605		3,592
1.125%, 02/28/2021		2,146		2,104
1.125%, 07/31/2021		347		339
1.000%, 08/15/2018		16,080		16,031

Total U.S. Treasury Obligations (Cost $596,289) ($ Thousands)				596,156


ASSET-BACKED SECURITIES — 8.4%

Automotive — 0.8%
Ally Auto Receivables Trust, Ser 2015-1, Cl A3
1.390%, 09/16/2019		300		300
Ally Auto Receivables Trust, Ser 2016-3, Cl A2
1.190%, 12/17/2018		58		58



Description	Face Amount (Thousands)		Market Value ($ Thousands)

ASSET-BACKED SECURITIES (continued)
Avis Budget Rental Car Funding AESOP, Ser 2014-2A, Cl A
2.500%, 02/20/2021 (C)	$	1,377	$	1,380
Bank of The West Auto Trust, Ser 2014-1, Cl A3
1.090%, 03/15/2019 (C)		6		6
California Republic Auto Receivables Trust, Ser 2016-1, Cl A4
2.240%, 10/15/2021		381		383
California Republic Auto Receivables Trust, Ser 2017-1, Cl A3
1.900%, 03/15/2021		491		491
California Republic Auto Receivables Trust, Ser 2017-1, Cl A4
2.280%, 06/15/2022		225		226
Capital Auto Receivables Asset Trust, Ser 2015-4, Cl A2
1.620%, 03/20/2019		207		207
Capital Auto Receivables Asset Trust, Ser 2015-4, Cl A4
2.010%, 07/20/2020		349		350
Capital Auto Receivables Asset Trust, Ser 2016-1, Cl A4
1.980%, 10/20/2020		325		326
Capital Auto Receivables Asset Trust, Ser 2016-2, Cl A2A
1.320%, 01/22/2019		38		38
Capital Auto Receivables Asset Trust, Ser 2016-3, Cl A2A
1.360%, 04/22/2019		120		120
Capital Auto Receivables Asset Trust, Ser 2016-3, Cl A4
1.690%, 03/20/2021		268		267
Enterprise Fleet Financing, Ser 2017-2, Cl A3
2.220%, 01/20/2023 (C)		608		608
Flagship Credit Auto Trust, Ser 2016-3, Cl A2
2.050%, 11/15/2020 (C)		365		365
Ford Credit Auto Owner Trust, Ser 2014-1, Cl A
2.260%, 11/15/2025 (C)		1,055		1,063
Ford Credit Auto Owner Trust, Ser 2015-1, Cl A
2.120%, 07/15/2026 (C)		965		969
Ford Credit Auto Owner Trust, Ser 2017-2, Cl A
2.360%, 03/15/2029 (C)		1,988		1,977
Hertz Vehicle Financing II, Ser 2015-1A, Cl A
2.730%, 03/25/2021 (C)		937		938
Hertz Vehicle Financing II, Ser 2015-1A, Cl C
4.350%, 03/25/2021 (C)		650		650
Hertz Vehicle Financing II, Ser 2015-3A, Cl A
2.670%, 09/25/2021 (C)		1,030		1,021


134		SEI Institutional Managed Trust / Annual Report / September 30, 2017



Description	Face Amount (Thousands)		Market Value ($ Thousands)

ASSET-BACKED SECURITIES (continued)
Hertz Vehicle Financing, Ser 2016-2A, Cl A
2.950%, 03/25/2022 (C)	$	524	$	522
Hertz Vehicle Financing, Ser 2016-3A, Cl A
2.270%, 07/25/2020 (C)		716		713
Hertz Vehicle Financing, Ser 2016-3A, Cl B
3.110%, 07/25/2020 (C)		233		231
Hertz Vehicle Financing, Ser 2016-4A, Cl A
2.650%, 07/25/2022 (C)		698		687
Honda Auto Receivables Owner Trust, Ser 2016-2, Cl A2
1.130%, 09/17/2018		196		196
Mercedes-Benz Auto Lease Trust, Ser 2017-A, Cl A3
1.790%, 04/15/2020		1,680		1,682
Nissan Auto Receivables Owner Trust, Ser 2015-C, Cl A2A
0.870%, 11/15/2018		61		61
Nissan Auto Receivables Owner Trust, Ser 2016-C, Cl A2A
1.070%, 05/15/2019		165		165
Santander Drive Auto Receivables Trust, Ser 2017-3, Cl A3
1.870%, 06/15/2021		477		476
TCF Auto Receivables Owner Trust, Ser 2016- 1A, Cl A3
1.710%, 04/15/2021 (C)		248		247
TCF Auto Receivables Owner Trust, Ser 2016- 1A, Cl A4
2.030%, 02/15/2022 (C)		184		183
TCF Auto Receivables Owner Trust, Ser 2016- PT1A, Cl A
1.930%, 06/15/2022 (C)		118		118
World Omni Auto Receivables Trust, Ser 2014-B, Cl A4
1.680%, 12/15/2020		219		219

				17,243

Credit Cards — 0.3%
American Express Credit Account Master Trust, Ser 2017-4, Cl A
1.640%, 12/15/2021		645		644
Barclays Dryrock Issuance Trust, Ser 2017-2, Cl A
1.534%, VAR LIBOR USD 1 Month+0.300%, 05/15/2023		556		557
Capital One Multi-Asset Execution Trust, Ser 2015-A1, Cl A1
1.390%, 01/15/2021		65		65
Chase Issuance Trust, Ser 2014-A7, Cl A7
1.380%, 11/15/2019		675		675
Chase Issuance Trust, Ser 2016-A6, Cl A6
1.100%, 01/15/2020		100		100



Description	Face Amount (Thousands)		Market Value ($ Thousands)

ASSET-BACKED SECURITIES (continued)
Synchrony Credit Card Master Note Trust, Ser 2014-1, Cl A
1.610%, 11/15/2020	$	389	$	389
Synchrony Credit Card Master Note Trust, Ser 2015-1, Cl A
2.370%, 03/15/2023		304		307
Synchrony Credit Card Master Note Trust, Ser 2015-4, Cl A
2.380%, 09/15/2023		523		527
Synchrony Credit Card Master Note Trust, Ser 2016-2, Cl A
2.210%, 05/15/2024		456		456
Synchrony Credit Card Master Note Trust, Ser 2016-3, Cl A
1.580%, 09/15/2022		183		182
Synchrony Credit Card Master Note Trust, Ser 2017-1, Cl A
1.930%, 06/15/2023		661		659
World Financial Network Credit Card Master Trust, Ser 2014-C, Cl A
1.540%, 08/16/2021		110		110
World Financial Network Credit Card Master Trust, Ser 2015-B, Cl A
2.550%, 06/17/2024		46		46
World Financial Network Credit Card Master Trust, Ser 2016-A, Cl A
2.030%, 04/15/2025		1,297		1,282
World Financial Network Credit Card Master Trust, Ser 2016-C, Cl A
1.720%, 08/15/2023		502		499
World Financial Network Credit Card Master Trust, Ser 2017-A, Cl A
2.120%, 03/15/2024		733		733

				7,231

Mortgage Related Securities — 0.7%

Bear Stearns Asset-Backed Securities Trust, Ser 2005-SD1, Cl 1A3
2.037%, VAR ICE LIBOR USD 1 Month+0.800%, 08/25/2043		48		48
Centex Home Equity, Ser 2006-A, Cl AV4
1.484%, VAR ICE LIBOR USD 1 Month+0.250%, 06/25/2036		3,393		3,377
Citigroup Mortgage Loan Trust, Ser 2006- HE2, Cl A2D
1.474%, VAR ICE LIBOR USD 1 Month+0.240%, 08/25/2036		4,200		4,148
EMC Mortgage Loan Trust, Ser 2002-AA, Cl A1
2.177%, VAR LIBOR USD 1 Month+0.470%, 05/25/2039 (C)		229		218


SEI Institutional Managed Trust / Annual Report / September 30, 2017		135

SCHEDULE OF INVESTMENTS

September 30, 2017

Core Fixed Income Fund (Continued)



Description	Face Amount (Thousands)		Market Value ($ Thousands)

ASSET-BACKED SECURITIES (continued)
Master Asset-Backed Securities Trust, Ser 2007-HE1, Cl A4
1.514%, VAR ICE LIBOR USD 1 Month+0.280%, 05/25/2037	$	5,500	$	4,019
New Century Home Equity Loan Trust, Ser 2005-3, Cl M2
1.727%, VAR ICE LIBOR USD 1 Month+0.490%, 07/25/2035		2,055		2,058


				13,868


Other Asset-Backed Securities — 6.6%
Academic Loan Funding Trust, Ser 2012-1A, Cl A2
2.337%, VAR ICE LIBOR USD 1 Month+1.100%, 12/27/2044 (C)		2,100		2,096
Ally Master Owner Trust, Ser 2017-1, Cl A
1.634%, VAR LIBOR USD 1 Month+0.400%, 02/15/2021		328		329
Bravo Mortgage Asset Trust, Ser 2006-1A, Cl A2
1.477%, VAR ICE LIBOR USD 1 Month+0.240%, 07/25/2036 (C)		1,107		1,093
Brazos Higher Education Authority, Ser 2010- 1, Cl A2
2.389%, VAR ICE LIBOR USD 3 Month+1.200%, 02/25/2035		2,200		2,249
Brazos Higher Education Authority, Ser 2011- 2, Cl A3
2.156%, VAR ICE LIBOR USD 3 Month+1.000%, 10/27/2036		1,750		1,761
CIT Education Loan Trust, Ser 2007-1, Cl A
1.386%, VAR ICE LIBOR USD 3 Month+0.090%, 03/25/2042 (C)		1,132		1,064
Citicorp Residential Mortgage Trust, Ser 2007-1, Cl A5
5.557%, 03/25/2037		1,970		2,002
College Ave Student Loans, Ser 2017-A, Cl A1
2.887%, VAR ICE LIBOR USD 1 Month+1.650%, 11/26/2046 (C)		393		393
Community Funding CLO, Ser 2015-1A, Cl A
5.750%, 11/01/2027 (C)		1,510		1,506
Countrywide Asset-Backed Certificates, Ser 2007-13, Cl 2A2
2.034%, VAR ICE LIBOR USD 1 Month+0.800%, 10/25/2047		2,372		2,348
CWABS Revolving Home Equity Loan Trust, Ser 2004-K, Cl 2A
1.527%, VAR ICE LIBOR USD 1 Month+0.300%, 02/15/2034		185		173
Eaton Vance CLO, Ser 2017-1A, Cl AR
2.504%, VAR ICE LIBOR USD 3 Month+1.200%, 07/15/2026 (C)		900		903



Description	Face Amount (Thousands)		Market Value ($ Thousands)

ASSET-BACKED SECURITIES (continued)
Educational Funding of the South, Ser 2011- 1, Cl A2
1.964%, VAR ICE LIBOR USD 3 Month+0.650%, 04/25/2035	$	1,154	$	1,151
First Franklin Mortgage Loan Trust, Ser 2005-FF8, Cl M1
1.724%, VAR ICE LIBOR USD 1 Month+0.490%, 09/25/2035		1,604		1,610
Flatiron CLO, Ser 2017-1A, Cl A1R
2.338%, VAR ICE LIBOR USD 3 Month+1.180%, 07/17/2026 (C)		1,600		1,607
Ford Credit Floorplan Master Owner Trust, Ser 2017-1, Cl A1
2.070%, 05/15/2022		965		968
Global SC Finance II SRL, Ser 2014-1A, Cl A2
3.090%, 07/17/2029 (C)		868		859
Greenpoint Manufactured Housing, Ser 1999-3, Cl 1A7
7.270%, 06/15/2029		738		757
Greenpoint Manufactured Housing, Ser 1999- 3, Cl 2A2
4.890%, 06/19/2029 (A)		200		174
Greenpoint Manufactured Housing, Ser 2001-2, Cl IA2
4.726%, 02/20/2032 (A)		50		47
Greenpoint Manufactured Housing, Ser 2001-2, Cl IIA2
4.724%, 03/13/2032 (A)		250		237
GSAMP Trust, Ser 2003-SEA, Cl A1
1.634%, VAR ICE LIBOR USD 1 Month+0.400%, 02/25/2033		1,114		1,097
GSAMP Trust, Ser 2006-HE3, Cl A2D
1.484%, VAR ICE LIBOR USD 1 Month+0.250%, 05/25/2046		3,300		2,934
Higher Education Funding I, Ser 2014-1, Cl A
2.239%, VAR ICE LIBOR USD 3 Month+1.050%, 05/25/2034 (C)		1,500		1,495
HSI Asset Securitization Trust, Ser 2006- OPT3, Cl 3A3
1.414%, VAR ICE LIBOR USD 1 Month+0.180%, 02/25/2036		339		337
JGWPT XXX LLC, Ser 2013-3A, Cl A
4.080%, 01/17/2073 (C)		826		845
JGWPT XXXII, Ser 2014-2A, Cl A
3.610%, 01/17/2073 (C)		1,118		1,098
Lehman Manufactured Housing Contract Trust, Ser 2001-B, Cl A4
5.270%, 09/15/2018		260		265
Magnetite XI, Ser 2017-11A, Cl A1R
2.424%, VAR ICE LIBOR USD 3 Month+1.120%, 01/18/2027 (C)		1,730		1,736
Mid-State Trust, Ser 2003-11, Cl A1
4.864%, 07/15/2038		2,014		2,088


136		SEI Institutional Managed Trust / Annual Report / September 30, 2017



Description	Face Amount (Thousands)		Market Value ($ Thousands)

ASSET-BACKED SECURITIES (continued)
Morgan Stanley Re-REMIC Trust, Ser 2015-R7, Cl 1BXA
9.970%, 02/26/2036 (A)(C)	$	930	$	1,022
National Collegiate Student Loan Trust, Ser 2007-4, Cl A3L
2.084%, VAR ICE LIBOR USD 1 Month+0.850%, 03/25/2038		3,933		2,709
Navient Private Education Loan Trust, Ser 2014-AA, Cl A3
2.834%, VAR ICE LIBOR USD 1 Month+1.600%, 10/15/2031 (C)		646		659
Navient Private Education Loan Trust, Ser 2014-CTA, Cl A
1.934%, VAR ICE LIBOR USD 1 Month+0.700%, 09/16/2024 (C)		372		372
Navient Private Education Loan Trust, Ser 2015-AA, Cl A2B
2.434%, VAR ICE LIBOR USD 1 Month+1.200%, 12/15/2028 (C)		202		205
Navient Private Education Loan Trust, Ser 2015-CA, Cl B
3.250%, 05/15/2040 (C)		408		412
Navient Private Education Loan Trust, Ser 2016-AA, Cl A2A
3.910%, 12/15/2045 (C)		1,347		1,393
Navient Private Education Loan Trust, Ser 2016-AA, Cl A2B
3.384%, VAR ICE LIBOR USD 1 Month+2.150%, 12/15/2045 (C)		396		412
Navient Student Loan Trust, Ser 2014-1, Cl A3
1.744%, VAR ICE LIBOR USD 1 Month+0.510%, 06/25/2031		3,748		3,733
Navient Student Loan Trust, Ser 2014-2, Cl A
1.874%, VAR ICE LIBOR USD 1 Month+0.640%, 03/25/2083		2,439		2,419
Navient Student Loan Trust, Ser 2014-3, Cl A
1.854%, VAR ICE LIBOR USD 1 Month+0.620%, 03/25/2083		2,471		2,447
Navient Student Loan Trust, Ser 2014-4, Cl A
1.857%, VAR ICE LIBOR USD 1 Month+0.620%, 03/25/2083		1,833		1,816
Navient Student Loan Trust, Ser 2016-1A, Cl A
1.937%, VAR ICE LIBOR USD 1 Month+0.700%, 02/25/2070 (C)		1,946		1,930
Navient Student Loan Trust, Ser 2016-5A, Cl A
2.487%, VAR ICE LIBOR USD 1 Month+1.250%, 06/25/2065 (C)		308		314
Navient Student Loan Trust, Ser 2016-7A, Cl A
2.387%, VAR ICE LIBOR USD 1 Month+1.150%, 03/25/2066 (C)		666		674



Description	Face Amount (Thousands)		Market Value ($ Thousands)

ASSET-BACKED SECURITIES (continued)
Navient Student Loan Trust, Ser 2017-1A, Cl A3
2.387%, VAR ICE LIBOR USD 1 Month+1.150%, 07/26/2066 (C)	$	2,283	$	2,329
Navient Student Loan Trust, Ser 2017-2A, Cl A
2.284%, VAR ICE LIBOR USD 1 Month+1.050%, 12/27/2066 (C)		1,528		1,549
Navient Student Loan Trust, Ser 2017-3A, Cl A3
2.384%, 07/26/2066		2,817		2,853
Navient Student Loan Trust, Ser 2017-4A, Cl A3
2.237%, VAR ICE LIBOR USD 1 Month+1.000%, 09/27/2066 (C)		1,660		1,675
Navient Student Loan Trust, Ser 2017-5A, Cl A
2.048%, VAR ICE LIBOR USD 1 Month+0.800%, 07/26/2066 (C)		2,179		2,180
Nelnet Student Loan Trust, Ser 2004-3, Cl A5
1.336%, VAR ICE LIBOR USD 3 Month+0.180%, 10/27/2036		642		629
Nelnet Student Loan Trust, Ser 2004-4, Cl A5
1.474%, VAR ICE LIBOR USD 3 Month+0.160%, 01/25/2037		541		535
Nelnet Student Loan Trust, Ser 2005-1, Cl A5
1.424%, VAR ICE LIBOR USD 3 Month+0.110%, 10/25/2033		1,927		1,890
Nelnet Student Loan Trust, Ser 2005-2, Cl A5
1.387%, VAR ICE LIBOR USD 3 Month+0.100%, 03/23/2037		630		615
Nelnet Student Loan Trust, Ser 2005-3, Cl A5
1.407%, VAR ICE LIBOR USD 3 Month+0.120%, 12/24/2035		1,398		1,375
Nelnet Student Loan Trust, Ser 2005-4, Cl A4
1.467%, VAR ICE LIBOR USD 3 Month+0.180%, 03/22/2032		393		379
Nelnet Student Loan Trust, Ser 2006-2, Cl A6
1.434%, VAR ICE LIBOR USD 3 Month+0.120%, 04/25/2031		1,337		1,336
Nelnet Student Loan Trust, Ser 2010-4A, Cl A
2.034%, VAR ICE LIBOR USD 1 Month+0.800%, 04/25/2046 (C)		175		176
Nelnet Student Loan Trust, Ser 2012-5A, Cl A
1.834%, VAR ICE LIBOR USD 1 Month+0.600%, 10/27/2036 (C)		1,445		1,435
Nelnet Student Loan Trust, Ser 2014-4A, Cl A2
2.184%, VAR ICE LIBOR USD 1 Month+0.950%, 11/25/2048 (C)		1,655		1,628
Nelnet Student Loan Trust, Ser 2015-2A, Cl A2
1.837%, VAR ICE LIBOR USD 1 Month+0.600%, 09/25/2047 (C)		2,247		2,221


SEI Institutional Managed Trust / Annual Report / September 30, 2017		137

SCHEDULE OF INVESTMENTS

September 30, 2017

Core Fixed Income Fund (Continued)



Description	Face Amount (Thousands)		Market Value ($ Thousands)

ASSET-BACKED SECURITIES (continued)
Nelnet Student Loan Trust, Ser 2016-1A, Cl A
2.037%, VAR ICE LIBOR USD 1 Month+0.800%, 09/25/2065 (C)	$	713	$	723
Nelnet Student Loan Trust, Ser 2017-2A, Cl A
2.007%, VAR ICE LIBOR USD 1 Month+0.770%, 09/25/2065 (C)		1,091		1,095
North Carolina State Education Assistance Authority, Ser 2011-2, Cl A2
1.956%, VAR ICE LIBOR USD 3 Month+0.800%, 07/25/2025		571		572
Origen Manufactured Housing, Ser 2006-A, Cl A2
3.329%, 10/15/2037 (A)		2,119		1,972
RAMP Trust, Ser 2003-RS11, Cl MII1
2.329%, VAR ICE LIBOR USD 1 Month+1.095%, 12/25/2033		145		138
RAMP Trust, Ser 2006-RZ3, Cl M1
1.584%, VAR ICE LIBOR USD 1 Month+0.350%, 08/25/2036		6,530		6,114
Scholar Funding Trust, Ser 2011-A, Cl A
2.214%, VAR ICE LIBOR USD 3 Month+0.900%, 10/28/2043 (C)		676		674
SLM Student Loan Trust, Ser 2003-1, Cl A5C
2.070%, VAR ICE LIBOR USD 3 Month+0.750%, 12/15/2032 (C)		462		458
SLM Student Loan Trust, Ser 2004-10, Cl A7A
2.064%, VAR ICE LIBOR USD 3 Month+0.750%, 10/25/2029 (C)		1,078		1,075
SLM Student Loan Trust, Ser 2004-8, Cl B
1.774%, VAR ICE LIBOR USD 3 Month+0.460%, 01/25/2040		117		109
SLM Student Loan Trust, Ser 2005-6, Cl A5B
2.514%, VAR ICE LIBOR USD 3 Month+1.200%, 07/27/2026		83		83
SLM Student Loan Trust, Ser 2005-A, Cl A4
1.630%, VAR ICE LIBOR USD 3 Month+0.310%, 12/15/2038		1,560		1,459
SLM Student Loan Trust, Ser 2006-2, Cl A6
1.484%, VAR ICE LIBOR USD 3 Month+0.170%, 01/25/2041		1,900		1,835
SLM Student Loan Trust, Ser 2006-3, Cl A5
1.414%, VAR ICE LIBOR USD 3 Month+0.100%, 01/25/2021		989		978
SLM Student Loan Trust, Ser 2006-8, Cl A6
1.474%, VAR ICE LIBOR USD 3 Month+0.160%, 01/25/2041		1,900		1,791
SLM Student Loan Trust, Ser 2007-2, Cl A4
1.374%, VAR ICE LIBOR USD 3 Month+0.060%, 07/25/2022		3,211		3,118
SLM Student Loan Trust, Ser 2007-2, Cl B
1.484%, VAR ICE LIBOR USD 3 Month+0.170%, 07/25/2025		391		330



Description	Face Amount (Thousands)		Market Value ($ Thousands)

ASSET-BACKED SECURITIES (continued)
SLM Student Loan Trust, Ser 2007-6, Cl B
2.164%, VAR ICE LIBOR USD 3 Month+0.850%, 04/27/2043	$	374	$	354
SLM Student Loan Trust, Ser 2008-2, Cl B
2.514%, VAR ICE LIBOR USD 3 Month+1.200%, 01/25/2083		525		494
SLM Student Loan Trust, Ser 2008-3, Cl B
2.514%, VAR ICE LIBOR USD 3 Month+1.200%, 04/26/2083		525		492
SLM Student Loan Trust, Ser 2008-4, Cl B
3.164%, VAR ICE LIBOR USD 3 Month+1.850%, 04/25/2073		525		513
SLM Student Loan Trust, Ser 2008-5, Cl A4
3.014%, VAR ICE LIBOR USD 3 Month+1.700%, 07/25/2023		1,205		1,240
SLM Student Loan Trust, Ser 2008-5, Cl B
3.164%, VAR ICE LIBOR USD 3 Month+1.850%, 07/25/2073		525		524
SLM Student Loan Trust, Ser 2008-6, Cl B
3.164%, VAR ICE LIBOR USD 3 Month+1.850%, 07/26/2083		525		519
SLM Student Loan Trust, Ser 2008-7, Cl B
3.164%, VAR ICE LIBOR USD 3 Month+1.850%, 07/26/2083		525		520
SLM Student Loan Trust, Ser 2008-8, Cl B
3.564%, VAR ICE LIBOR USD 3 Month+2.250%, 10/25/2075		525		527
SLM Student Loan Trust, Ser 2008-9, Cl B
3.564%, VAR ICE LIBOR USD 3 Month+2.250%, 10/25/2083		525		536
SLM Student Loan Trust, Ser 2010-1, Cl A
1.637%, VAR ICE LIBOR USD 1 Month+0.400%, 03/25/2025		408		403
SLM Student Loan Trust, Ser 2012-1, Cl A3
2.184%, VAR ICE LIBOR USD 1 Month+0.950%, 09/25/2028		1,740		1,754
SLM Student Loan Trust, Ser 2012-2, Cl A
1.937%, VAR ICE LIBOR USD 1 Month+0.700%, 01/25/2029		662		663
SLM Student Loan Trust, Ser 2012-6, Cl A3
1.987%, VAR ICE LIBOR USD 1 Month+0.750%, 05/26/2026		355		353
SLM Student Loan Trust, Ser 2012-6, Cl B
2.237%, VAR ICE LIBOR USD 1 Month+1.000%, 04/27/2043		289		264
SLM Student Loan Trust, Ser 2012-D, Cl A2
2.950%, 02/15/2046 (C)		120		120
SLM Student Loan Trust, Ser 2013-1, Cl B
3.034%, VAR ICE LIBOR USD 1 Month+1.800%, 11/25/2043		245		246
SLM Student Loan Trust, Ser 2013-B, Cl A2B
2.334%, VAR ICE LIBOR USD 1 Month+1.100%, 06/17/2030 (C)		127		128


138		SEI Institutional Managed Trust / Annual Report / September 30, 2017



Description	Face Amount (Thousands)		Market Value ($ Thousands)

ASSET-BACKED SECURITIES (continued)
SLM Student Loan Trust, Ser 2013-M1, Cl M1
3.500%, 10/28/2029 (C)	$	626	$	618
SLM Student Loan Trust, Ser 2014-2, Cl A3
1.827%, VAR ICE LIBOR USD 1 Month+0.590%, 03/25/2055		964		966
SMB Private Education Loan Trust, Ser 2015- A, Cl A2A
2.490%, 06/15/2027 (C)		262		263
SMB Private Education Loan Trust, Ser 2015- A, Cl A2B
2.234%, VAR ICE LIBOR USD 1 Month+1.000%, 06/15/2027 (C)		776		784
SMB Private Education Loan Trust, Ser 2015- B, Cl A2A
2.980%, 07/15/2027 (C)		336		342
SMB Private Education Loan Trust, Ser 2015- B, Cl A2B
2.434%, VAR ICE LIBOR USD 1 Month+1.200%, 07/15/2027 (C)		1,047		1,070
SMB Private Education Loan Trust, Ser 2015- C, Cl A2A
2.750%, 07/15/2027 (C)		546		552
SMB Private Education Loan Trust, Ser 2015- C, Cl A2B
2.634%, VAR ICE LIBOR USD 1 Month+1.400%, 07/15/2027 (C)		369		377
SMB Private Education Loan Trust, Ser 2016- A, Cl A2A
2.700%, 05/15/2031 (C)		1,339		1,343
SMB Private Education Loan Trust, Ser 2016- A, Cl A2B
2.734%, VAR ICE LIBOR USD 1 Month+1.500%, 05/15/2031 (C)		1,023		1,052
SMB Private Education Loan Trust, Ser 2016- B, Cl A2A
2.430%, 02/17/2032 (C)		868		861
SMB Private Education Loan Trust, Ser 2016- B, Cl A2B
2.684%, VAR ICE LIBOR USD 1 Month+1.450%, 02/17/2032 (C)		1,002		1,036
SMB Private Education Loan Trust, Ser 2016- C, Cl A2A
2.340%, 09/15/2034 (C)		1,135		1,120
SMB Private Education Loan Trust, Ser 2016- C, Cl A2B
2.334%, VAR ICE LIBOR USD 1 Month+1.100%, 09/15/2034 (C)		1,131		1,151
SMB Private Education Loan Trust, Ser 2017- A, Cl A2A
2.880%, 09/15/2034 (C)		1,018		1,027



Description	Face Amount (Thousands)		Market Value ($ Thousands)

ASSET-BACKED SECURITIES (continued)
SMB Private Education Loan Trust, Ser 2017- A, Cl A2B
2.134%, VAR ICE LIBOR USD 1 Month+0.900%, 09/15/2034 (C)	$	3,097	$	3,124
SoFi Professional Loan Program, Ser 2016-A, Cl A2
2.760%, 12/26/2036 (C)		696		703
SoFi Professional Loan Program, Ser 2016-D, Cl A1
2.187%, VAR ICE LIBOR USD 1 Month+0.950%, 01/25/2039 (C)		156		158
SoFi Professional Loan Program, Ser 2016-E, Cl A1
2.087%, VAR ICE LIBOR USD 1 Month+0.850%, 07/25/2039 (C)		408		411
SoFi Professional Loan Program, Ser 2017-A, Cl A1
1.937%, VAR ICE LIBOR USD 1 Month+0.700%, 03/26/2040 (C)		366		368
SoFi Professional Loan Program, Ser 2017-A, Cl A2B
2.400%, 03/26/2040 (C)		360		357
SoFi Professional Loan Program, Ser 2017-B, Cl A2FX
2.740%, 05/25/2040 (C)		670		673
SoFi Professional Loan Program, Ser 2017-C, Cl A2B
2.630%, 07/25/2040 (C)		585		584
SoFi Professional Loan Program, Ser 2017-D, Cl A2FX
2.650%, 09/25/2040 (C)		1,013		1,007
United States Small Business Administration, Ser 2017-20G, Cl 1
2.980%, 07/01/2037		310		314
Upstart Securitization Trust, Ser 2017-1, Cl A
2.639%, 06/20/2024 (C)		1,236		1,236
Verizon Owner Trust, Ser 2016-1A, Cl A
1.420%, 01/20/2021 (C)		815		811
Verizon Owner Trust, Ser 2016-2A, Cl A
1.680%, 05/20/2021 (C)		290		289
Verizon Owner Trust, Ser 2017-2A, Cl A
1.920%, 12/20/2021 (C)		830		829
Voya CLO, Ser 2016-1A, Cl A1R
2.634%, VAR ICE LIBOR USD 3 Month+1.330%, 04/18/2026 (C)		680		680
Wells Fargo Home Equity Asset-Backed Securities Trust, Ser 2006-2, Cl A4
1.484%, VAR ICE LIBOR USD 1 Month+0.250%, 07/25/2036		2,318		2,310

				137,134

Total Asset-Backed Securities (Cost $170,766) ($ Thousands)				175,476


SEI Institutional Managed Trust / Annual Report / September 30, 2017		139

SCHEDULE OF INVESTMENTS

September 30, 2017

Core Fixed Income Fund (Continued)



Description	Face Amount (Thousands)		Market Value ($ Thousands)

SOVEREIGN DEBT — 2.3%
Argentine Bonos del Tesoro
18.200%, 10/03/2021	ARS	19,870	$	1,178
Argentine Republic Government International Bond
7.625%, 04/22/2046 (D)	$	180		200
7.500%, 04/22/2026		280		314
7.125%, 07/06/2036		220		231
6.875%, 04/22/2021		420		458
5.625%, 01/26/2022		1,300		1,365
Brazil Notas do Tesouro Nacional, Ser F
10.000%, 01/01/2021	BRL	10,399		3,403
10.000%, 01/01/2023		3,994		1,298
Brazilian Government International Bond
5.625%, 01/07/2041	$	1,120		1,128
5.000%, 01/27/2045		560		521
2.625%, 01/05/2023		200		192
Chile Government International Bond
3.860%, 06/21/2047		285		290
China Government Bond
3.390%, 05/21/2025	CNY	2,000		291
3.310%, 11/30/2025		11,500		1,662
Colombia Government International Bond
5.625%, 02/26/2044	$	820		917
3.875%, 04/25/2027 (D)		316		321
FMS Wertmanagement AoeR
1.000%, 11/21/2017		640		640
Indonesia Government International Bond MTN
5.875%, 03/13/2020		240		261
5.875%, 01/15/2024 (C)		840		963
5.250%, 01/08/2047 (C)		200		225
5.125%, 01/15/2045 (C)		200		221
4.350%, 01/08/2027 (C)		450		477
3.850%, 07/18/2027 (C)		200		206
3.700%, 01/08/2022 (C)		250		260
Israel Government International Bond
4.500%, 01/30/2043		260		282
Japan Bank for International Cooperation
2.250%, 02/24/2020		882		886
1.875%, 04/20/2021		256		253
1.750%, 05/28/2020		650		645
Japan Finance Organization for Municipalities
4.000%, 01/13/2021		1,800		1,890
Japan Treasury Discount Bills
-0.158%, 01/10/2018 (B)(E)	JPY	465,000		4,132
-0.143%, 11/20/2017 (B)(E)		1,135,000		10,085
Kuwait International Government Bond
3.500%, 03/20/2027 (C)	$	780		802
Mexico Government International Bond MTN
6.050%, 01/11/2040		1,110		1,332
5.750%, 10/12/2110		603		646



Description	Face Amount (Thousands)		Market Value ($ Thousands)

SOVEREIGN DEBT (continued)
4.750%, 03/08/2044	$	1,330	$	1,371
4.000%, 10/02/2023		363		384
3.600%, 01/30/2025 (D)		780		799
Paraguay Government International Bond
6.100%, 08/11/2044 (C)		325		365
Peruvian Government International Bond
6.550%, 03/14/2037		90		121
5.625%, 11/18/2050		580		732
Province of Ontario Canada
1.625%, 01/18/2019 (D)		785		784
Provincia de Buenos Aires
7.875%, 06/15/2027 (C)		250		271
6.500%, 02/15/2023 (C)		300		316
Republic of Poland Government International Bond
4.000%, 01/22/2024		1,310		1,410
Russian Foreign Bond - Eurobond
7.500%, 03/31/2030 (C)		278		327
7.500%, 03/31/2030		630		741
4.500%, 04/04/2022		400		427
Saudi Government International Bond MTN
4.625%, 10/04/2047 (C)		230		230
3.625%, 03/04/2028 (C)		600		598
2.875%, 03/04/2023 (C)		980		977


Total Sovereign Debt (Cost $46,894) ($ Thousands)				47,828


LOAN PARTICIPATIONS — 1.0%
1011778 BC ULC/ New Red Finance, Term Loan B2, 1st Lien
3.485%, VAR LIBOR+2.250%, 02/16/2024		554		553
Air Medical Group Holdings, Initial Term Loan, 1st Lien
4.485%, VAR LIBOR+3.250%, 04/28/2022		728		722
Albertson’s LLC, Term Loan B4, 1st Lien
3.985%, VAR LIBOR+2.750%, 08/25/2021		329		317
Albertson’s LLC, Term Loan B6, 1st Lien
4.317%, VAR LIBOR+3.000%, 06/22/2023		234		225
American Airlines, 2017 Replacement Term Loan, 1st Lien
3.237%, VAR LIBOR+2.000%, 06/27/2020		624		624
American Builders & Contractors Supply, Term Loan B1, 1st Lien
3.735%, VAR LIBOR+2.500%, 10/31/2023		595		597


140		SEI Institutional Managed Trust / Annual Report / September 30, 2017



Description	Face Amount (Thousands)		Market Value ($ Thousands)

LOAN PARTICIPATIONS (continued)
Aristocrat Leisure, Cov-Lite, Term Loan B2, 1st Lien
3.557%, VAR LIBOR+2.000%, 10/20/2021	$	71	$	71
Avolon, Borrower 1 (US) Initial Term Loan B2, 1st Lien
3.986%, VAR LIBOR+2.750%, 03/21/2022		559		560
Berry Global, Term Loan M, 1st Lien
3.485%, VAR LIBOR+2.250%, 10/01/2022		487		489
Boyd Gaming, Refinancing Term Loan B, 1st Lien
3.694%, VAR LIBOR+2.500%, 09/15/2023		294		294
Caesars Entertainment Resort Properties, LLC, Term Loan B, 1st Lien
4.735%, VAR LIBOR+3.500%, 10/11/2020		499		499
CenturyLink, Initial Term Loan B, 1st Lien
2.750%, VAR Ticking Fee+2.750%, 01/31/2025		570		552
Charter Communications Operating, LLC, Term Loan E1, 1st Lien
3.240%, VAR LIBOR+2.000%, 07/01/2020		592		594
CSC Holdings, LLC, March 2017 Refinancing Term Loan, 2nd Lien
3.484%, VAR LIBOR+2.250%, 07/17/2025		131		130
Dell International LLC, Term Loan A2, 1st Lien
3.490%, VAR LIBOR+2.250%, 09/07/2021		573		573
Delos Finance, New Term Loan, 1st Lien
3.333%, VAR LIBOR+2.000%, 10/06/2023		1,000		1,006
Energy Future Intermediate Holding, Term Loan, 1st Lien
4.235%, VAR LIBOR+3.000%, 06/30/2018 (F)		1,170		1,176
First Data, New Dollar Term Loan B1, 1st Lien
3.737%, VAR LIBOR+2.500%, 04/26/2024		1,041		1,044
First Data, New Dollar Term Loan, 1st Lien
3.487%, VAR LIBOR+2.250%, 07/08/2022		916		917
Flying Fortress Holdings, LLC, New Term Loan, 1st Lien
3.333%, VAR LIBOR+2.000%, 10/30/2022		560		563
Golden Nugget, Cov-Lite, Term Loan B, 1st Lien
4.488%, 10/04/2023		296		297



Description	Face Amount (Thousands)		Market Value ($ Thousands)

LOAN PARTICIPATIONS (continued)
HCA, Term Loan, Tranche B8, 1st Lien
3.485%, VAR LIBOR+2.250%, 02/15/2024	$	596	$	598
Hilton Worldwide Finance LLC, Term Loan B2, 1st Lien
3.237%, VAR LIBOR+2.000%, 10/25/2023		272		273
3.234%, VAR LIBOR+2.000%, 10/25/2023		291		293
3.216%, VAR LIBOR+2.000%, 10/25/2023		55		55
Jaguar Holding I, LLC, Initial Term Loan, 1st Lien
4.083%, VAR LIBOR+2.750%, 08/18/2022		567		570
Level 3 Financing, Term Loan, Tranche B, 1st Lien
3.486%, VAR LIBOR+2.250%, 02/22/2024		590		590
MGM Growth Properties Operating Partnership L.P., Term Loan B, 1st Lien
3.485%, VAR LIBOR+2.250%, 04/25/2023		556		557
Michaels Stores, New Replacement Term Loan B1, 1st Lien
3.985%, VAR LIBOR+2.750%, 01/30/2023		64		65
3.984%, VAR LIBOR+2.750%, 01/30/2023		494		493
MPH Acquisition Holdings LLC, Initial Term Loan, 1st Lien
4.333%, VAR LIBOR+3.000%, 06/07/2023		536		540
Party City Holdings, Replacement Term Loan, Tranche 1, 1st Lien
4.320%, VAR LIBOR+3.000%, 08/19/2022		327		329
Party City Holdings, Replacement Term Loan, Tranche 2, 1st Lien
4.320%, VAR LIBOR+3.000%, 08/19/2022		157		158
Party City Holdings, Replacement Term Loan, Tranche 3, 1st Lien
4.340%, VAR LIBOR+3.000%, 08/19/2022		29		29
Party City Holdings, Replacement Term Loan, Tranche 4, 1st Lien
4.340%, VAR LIBOR+3.000%, 08/19/2022		14		14
Petco Animal Supplies, Term Loan, 1st Lien
4.311%, VAR LIBOR+3.000%, 01/26/2023		504		415


SEI Institutional Managed Trust / Annual Report / September 30, 2017		141

SCHEDULE OF INVESTMENTS

September 30, 2017

Core Fixed Income Fund (Continued)



Description	Face Amount (Thousands)		Market Value ($ Thousands)

LOAN PARTICIPATIONS (continued)
PetSmart, Term Loan, Tranche B2, 1st Lien
4.240%, VAR LIBOR+3.000%, 03/11/2022	$	679	$	572
Post Holdings, Incremental Term Loan B, 1st Lien
3.490%, VAR LIBOR+2.250%, 05/24/2024		379		380
Reynolds Group Holdings, Incremental U.S. Term Loan, 1st Lien
4.235%, VAR LIBOR+2.750%, 02/05/2023 (F)		536		538
RPI Finance Trust, Initial Term Loan B6, 1st Lien
3.333%, VAR LIBOR+2.000%, 03/27/2023		103		103
Univision Communications, Cov-Lite, Replacement Term Loan, 1st Lien
3.985%, VAR LIBOR+2.750%, 03/15/2024		1,667		1,651
UPC Financing, Facility Term Loan AP, 1st Lien
3.984%, VAR LIBOR+2.750%, 04/15/2025		600		602
Virgin Media Bristol LLC, Facility Term Loan, 1st Lien
3.984%, VAR LIBOR+2.750%, 01/31/2025		408		409
XPO Logistics, Refinanced Term Loan B, 1st Lien
3.554%, VAR LIBOR+2.250%, 11/01/2021 (F)		297		297

Total Loan Participations (Cost $21,558) ($ Thousands)				21,334


MUNICIPAL BONDS — 0.5%

California — 0.2%
California State, Build America Project, GO
7.600%, 11/01/2040		355		554
California State, GO
6.200%, 03/01/2019		1,775		1,882
Los Angeles, Community College District, Build America Project, GO
6.750%, 08/01/2049		488		743


				3,179


Massachusetts — 0.1%
Commonwealth of Massachusetts, GO
4.910%, 05/01/2029		900		1,054



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Commonwealth of Massachusetts, Ser 2016- E, GO
Callable 04/01/2025 @ 100 3.000%, 04/01/2041	$	1,500	$	1,409


				2,463


Nevada — 0.0%
Clark County, Department of Aviation, Build America Project, Ser C, RB
6.820%, 07/01/2045		458		671


New York — 0.1%
New York and New Jersey, Port Authority, RB
4.458%, 10/01/2062		670		749
New York City, Build America Project, Ser F1, GO
Callable 12/01/2020 @ 100 6.646%, 12/01/2031		900		1,024
New York City, Water & Sewer System, Build America Project, RB
5.952%, 06/15/2042		750		1,021


				2,794


Ohio — 0.0%
Ohio State University, Ser A, RB
4.800%, 06/01/2111		207		225


Texas — 0.1%
Brazos Higher Education Authority, Ser 2006- 2, RB
1.338%, 12/26/2024 (G)		500		500
North Texas, Tollway Authority, Build America Project, Ser B, RB
6.718%, 01/01/2049 (D)		459		680


				1,180

Total Municipal Bonds (Cost $9,320) ($ Thousands)				10,512


U.S. GOVERNMENT AGENCY OBLIGATIONS — 0.4%
FICO STRIPS, PO
0.000%, 11/02/2018 (B)		1,800		1,771
0.000%, 05/11/2018 (B)		1,910		1,893
FNMA
4.823%, 10/09/2019 (B)		3,275		3,157


142		SEI Institutional Managed Trust / Annual Report / September 30, 2017



Description	Face Amount (Thousands)		Market Value ($ Thousands)

U.S. GOVERNMENT AGENCY OBLIGATIONS (continued)
Tennessee Valley Authority
3.875%, 02/15/2021	$	1,510	$	1,610


Total U.S. Government Agency Obligations (Cost $7,496) ($ Thousands)				8,431


		Shares


PREFERRED STOCK — 0.0%
Citigroup Capital XIII, 7.875%		18,975		527


Total Preferred Stock (Cost $491) ($ Thousands)				527


AFFILIATED PARTNERSHIP — 6.6%
SEI Liquidity Fund, L.P.
1.110% **^†(H)		137,582,877		137,563

Total Affiliated Partnership (Cost $137,567) ($ Thousands)				137,563


CASH EQUIVALENT — 6.1%
SEI Daily Income Trust, Government Fund, Cl F
0.840%**^†		127,390,391		127,390


Total Cash Equivalent (Cost $127,390) ($ Thousands)				127,390



Description	Face Amount (Thousands)			Market Value ($ Thousands)

REPURCHASE AGREEMENT(I) — 2.6%
Deutsche Bank
1.040%, dated 09/29/2017, to be repurchased on 10/02/2017, repurchased price $53,604,645 (collateralized by U.S. Treasury Inflation Protected Security, par value $54,119,000, 0.125%, 04/15/2022; total market value $53,604,645)	$	53,600		$	53,600


Total Repurchase Agreement (Cost $53,600) ($ Thousands)					53,600

Total Investments in Securities— 118.8% (Cost $2,465,024) ($ Thousands)				$	2,479,984


		Contracts


*PURCHASED OPTIONS — 0.0%**

Total Purchased Options (J) (Cost $243) ($ Thousands)		938		$	203


*WRITTEN OPTIONS — 0.0%**

Total Written Options (J) (Premiums Received $285) ($ Thousands)		(1,204	)	$	(175	)

A list of the exchange traded option contracts held by the Fund at September 30, 2017, is as follows:


Description	Number of Contracts		Notional Amount ($ Thousands)		Exercise Price		Expiration Date		Value ($ Thousands)
PURCHASED OPTIONS — 0.0%
Put Options
March 2018, Euro Future*		58	$	3	$	98.25		03/17/18	$	3
November 2017, U.S. 10-Year Future*		96		23		125.00		10/21/17		38
November 2017, U.S. 5-Year Future*		10		1		117.25		10/21/17		2
November 2017, U.S. 5-Year Future*		53		17		118.00		10/21/17		33

				44						76

Call Options
November 2017, 90-Day Euro$ Future*		136		4		98.38		11/18/17		3
November 2017, U.S. 10-Year Future*		106		29		127.00		10/21/17		10
November 2017, U.S. 10-Year Future*		43		17		125.75		10/21/17		15
November 2017, U.S. 10-Year Future*		54		19		126.50		10/21/17		9
November 2017, U.S. 10-Year Future*		42		20		125.50		10/21/17		18
November 2017, U.S. 5-Year Future*		43		7		118.00		10/21/17		5
November 2017, U.S. 5-Year Future*		69		18		117.75		10/21/17		13
November 2017, U.S. 5-Year Future*		42		7		118.50		10/21/17		2


SEI Institutional Managed Trust / Annual Report / September 30, 2017			143

SCHEDULE OF INVESTMENTS

September 30, 2017

Core Fixed Income Fund (Continued)


Description	Number of Contracts			Notional Amount ($ Thousands)			Exercise Price		Expiration Date		Value ($ Thousands)
PURCHASED OPTIONS (continued)
November 2017, U.S. Bond Future*		26		$	13		$	157.00		10/21/17	$	5
November 2017, U.S. Bond Future*		22			23			153.00		10/21/17		26
October 2017, U.S. Long Treasury Bond*		11			9			155.50		10/21/17		2
October 2017, U.S. Long Treasury Bond*		21			13			153.50		10/21/17		13
October 2017, U.S. Long Treasury Bond*		21			16			155.00		10/21/17		5
September 2017, U.S. 5-Year Future*		85			4			118.00		10/21/17		1

					199							127

Total Purchased Options				$	243						$	203

WRITTEN OPTIONS — 0.0%
Put Options
December 2017, U.S. 10-Year Future*		(31	)	$	(11	)		124.00		11/18/17	$	(9	)
December 2017, U.S. 5-Year Future*		(43	)		(7	)		117.00		11/18/17		(10	)
March 2018, Euro Future*		(58	)		(1	)		98.13		03/17/18		(1	)
November 2017, U.S. 10-Year Future*		(41	)		(7	)		125.50		10/21/17		(26	)
November 2017, U.S. 10-Year Future*		(42	)		(8	)		123.50		10/21/17		(3	)
November 2017, U.S. 5-Year Future*		(42	)		(7	)		117.50		10/21/17		(13	)
November 2017, U.S. 5-Year Future*		(21	)		(5	)		117.75		10/21/17		(9	)
November 2017, U.S. Bond Future*		(10	)		(6	)		153.00		10/21/17		(13	)
November 2017, U.S. Bond Future*		(22	)		(9	)		150.50		10/21/17		(9	)
November 2017, U.S. Bond Future*		(11	)		(4	)		150.00		10/21/17		(3	)

					(65	)						(96	)

Call Options
December 2017, U.S. 10-Year Future*		(147	)		(31	)		129.00		11/18/17		(11	)
December 2017, U.S. 10-Year Future*		(31	)		(13	)		128.50		11/18/17		(3	)
December 2017, U.S. 5-Year Future*		(84	)		(10	)		119.00		11/18/17		(6	)
December 2017, U.S. 5-Year Future*		(96	)		(18	)		119.25		11/18/17		(5	)
December 2017, U.S. Bond Future*		(52	)		(18	)		160.00		11/18/17		(10	)
December 2017, U.S. Bond Future*		(52	)		(15	)		161.00		11/18/17		(8	)
November 2017, U.S. 10-Year Future*		(42	)		(11	)		128.00		10/21/17		(2	)
November 2017, U.S. 10-Year Future*		(86	)		(12	)		126.75		10/21/17		(11	)
November 2017, U.S. 10-Year Future*		(21	)		(5	)		129.00		10/21/17		(1	)
November 2017, U.S. 10-Year Future*		(62	)		(13	)		129.50		10/21/17		(2	)
November 2017, U.S. Bond Future*		(10	)		(6	)		154.50		10/21/17		(6	)
November 2017, U.S. Bond Future*		(105	)		(29	)		160.00		10/21/17		(7	)
November 2017, U.S. Bond Future*		(10	)		(6	)		158.00		10/21/17		(1	)
November 2017, U.S. Bond Future*		(21	)		(15	)		159.00		10/21/17		(2	)
October 2017, U.S. Long Treasury Bond*		(42	)		(11	)		157.00		10/21/17		(3	)
October 2017, U.S. Long Treasury Bond*		(22	)		(7	)		157.50		10/21/17		(1	)

					(220	)						(79	)

Total Written Options				$	(285	)					$	(175	)


144		SEI Institutional Managed Trust / Annual Report / September 30, 2017

A list of the open futures contracts held by the Fund at September 30, 2017, is as follows:


Type of Contract	Number of Contracts Long			Expiration Date		Notional Amount ($ Thousands)			Value ($ Thousands)			Unrealized Appreciation (Depreciation) ($ Thousands)
90-Day Euro$		(811	)		Dec-2017		$(199,835	)		$(199,749	)		$85
90-Day Euro$		58			Dec-2018		14,261			14,230			(31	)
90-Day Euro$		(209	)		Dec-2019		(50,984	)		(51,176	)		(192	)
90-Day Euro$		(42	)		Jun-2018		(10,337	)		(10,322	)		15
90-Day Euro$		(42	)		Sep-2018		(10,330	)		(10,313	)		17
Euro		(18	)		Dec-2017		(2,695	)		(2,670	)		25
Euro-Bobl		(46	)		Dec-2017		(7,224	)		(7,134	)		25
Euro-BTP		126			Dec-2017		20,280			20,103			(79	)
Euro-Bund		(282	)		Dec-2017		(54,353	)		(53,678	)		392
U.S. 10-Year Treasury Note		934			Dec-2017		118,015			117,042			(973	)
U.S. 5-Year Treasury Note		1,344			Dec-2017		158,843			157,920			(923	)
U.S. 2-Year Treasury Note		269			Jan-2018		58,162			58,024			(138	)
U.S. Long Treasury Bond		(405	)		Dec-2017		(63,008	)		(61,889	)		1,119
U.S. Ultra Long Treasury Bond		(62	)		Dec-2017		(10,404	)		(10,238	)		166
Ultra 10-Year U.S. Treasury Note		(126	)		Dec-2017		(17,129	)		(16,925	)		204

							$(56,738	)		$(56,775	)		$(288	)

A list of the open forward foreign currency contracts held by the Fund at September 30, 2017, is as follows:


Counterparty	Settlement Date			Currency to Deliver (Thousands)			Currency to Receive (Thousands)		Unrealized Appreciation (Depreciation) (Thousands)
Bank of America		11/20/17	JPY		1,135,000	USD		10,468	$	359
Citigroup		10/18/17	USD		4,630	INR		301,350		(30	)
Citigroup		10/19/17	USD		104	GBP		80		4
Citigroup		10/19/17	GBP		1,190	USD		1,615		18
Citigroup		10/19/17	USD		1,733	EUR		1,503		46
Citigroup		10/19/17	USD		477	EUR		400		(3	)
Citigroup		10/19/17	EUR		1,600	USD		1,913		19
Citigroup		10/19/17	EUR		620	USD		729		(5	)
Citigroup		10/19/17	USD		4,373	IDR		59,300,390		26
Citigroup		10/19/17	USD		5,649	BRL		18,940		325
Citigroup		10/19/17	CNH		29,200	USD		4,254		(134	)
Citigroup		10/19/17	CNY		72,168	USD		10,539		(311	)
Citigroup		10/19/17	TWD		180,300	USD		5,896		(51	)
Citigroup		10/19/17	JPY		1,260,085	USD		11,248		41
Citigroup		10/30/17	IDR		533,430	USD		40		—
Deutsche Bank		10/19/17	EUR		295	USD		351		2
Deutsche Bank		10/19/17	USD		6,002	TWD		180,300		(55	)
Deutsche Bank		11/15/17	PHP		300,620	USD		5,818		(77	)
Goldman Sachs		01/10/18	JPY		465,000	USD		4,146		(8	)
Morgan Stanley		10/19/17	EUR		10	USD		12		—

									$	166


SEI Institutional Managed Trust / Annual Report / September 30, 2017			145

SCHEDULE OF INVESTMENTS

September 30, 2017

Core Fixed Income Fund (Concluded)

A list of the open centrally cleared swap agreements held by the Fund at September 30, 2017 is as follows:


Interest Rate Swaps
Fund Pays	Fund Receives	Payment Frequency	Termination Date	Currency	Notional Amount (Thousands)	Value ($ Thousands)	Upfront Payments/ Receipts ($ Thousands)	Net Unrealized Appreciation (Depreciation) ($ Thousands)
1.58%	MONTH USD -LIBOR	Quarterly	06/13/2026	USD	$9,520	$509	$–	$	509
2.47%	MONTH USD -LIBOR	Quarterly	11/15/2043	USD	14,066	243	242		–
1.50%	6-MONTH EUR - EURIBOR	Monthly	08/23/2047	EUR	2,845	87	3		85
1.27%	3-MONTH USD -LIBOR	Quarterly	05/15/2023	USD	22,656	961	7		952
3-MONTH USD -LIBOR	1.19%	Quarterly	06/13/2021	USD	9,530	(248)	–		(248)
1.90%	3-MONTH USD -LIBOR	Quarterly	08/31/2022	USD	22,800	118	–		117
1.90%	3-MONTH USD -LIBOR	Quarterly	11/30/2022	USD	34,472	218	–		216

						$1,888	$252	$	1,631


					Credit Default Swaps
Reference Entity/Obligation	Buy/Sell Protection		(Pays)/ Receives Rate		Payment Frequency		Termination Date		Notional Amount ($ Thousands)			Value ($ Thousands)			Upfront Payments/ Receipts ($ Thousands)			Net Unrealized Appreciation (Depreciation) ($ Thousands)
CDX.NA.HY.29		Buy		5.00%		Quarterly		12/20/2022		12,010		$	(937	)	$	(907	)	$	(30	)
CDX.NA.IG.27		Sell		1.00%		Quarterly		12/20/2021		(9,100	)		203			148			55
CDXNA IG28		Sell		1.00%		Quarterly		06/20/2022		(12,960	)		273			259			14

												$	(461	)	$	(500	)	$	39

Percentages are based on Net Assets of $2,086,666 ($ Thousands).

*	Non-income producing security.

**	Rate shown is the 7-day effective yield as of September 30, 2017.

^†	Investment in Affiliated Security (see Note 6).

(A)	Variable or floating rate security, the interest rate of which adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets.

(B)	Zero coupon security. The rate shown on the Schedule of Investments is the security’s effective yield at the time of purchase.

(C)

Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration normally to qualified institutions. On September 30, 2017, the value of these securities amounted to $235,067 ($ Thousands), representing 11.3% of the Net Assets of the Fund.

(D)	Certain securities or partial positions of certain securities are on loan at September 30, 2017 (see Note 10). The total market value of securities on loan at September 30, 2017 was $134,251 ($ Thousands).

(E)	Rate is negative due to the decrease in value of the foreign currency against the U.S. Dollar.

(F)	Unsettled bank loan. Interest rate not available.

(G)	Variable or floating rate security, the interest rate of which adjusts periodically based on prevailing interest rates.

(H)	This security was purchased with cash collateral held from securities on loan (see Note 10). The total market value of such securities as of September 30, 2017 was $137,563 ($ Thousands).

(I)	Tri-Party Repurchase Agreement.

(J)	Refer to table below for details on Options Contracts.

(K)	Security, or portion thereof, has been pledged as collateral on open futures contracts.

ACES — Alternative Credit Enhancement Structure

ARM — Adjustable Rate Mortgage

ARS — Argentine Peso

BRL — Brazilian Real

Cl — Class

CLO — Collateralized Loan Obligation

CMO — Collateralized Mortgage Obligation

CNH — Chinese Offshore Yuan

CNY — Chinese Yuan

EUR — Euro

EURIBOR — Euro Interbank Offered Rate

FHLMC — Federal Home Loan Mortgage Corporation

FICO — Financing Corporation

FNMA — Federal National Mortgage Association

GBP — British Pound Sterling

GNMA — Government National Mortgage Association

GO — General Obligation

IDR — Indonesian Rupiah

INR — Indian Rupee

ICE — Intercontinental Exchange

IO — Interest Only — face amount represents notional amount.

JPY — Japanese Yen

LIBOR — London Interbank Offered Rate

LLC — Limited Liability Company

L.P. — Limited Partnership


146		SEI Institutional Managed Trust / Annual Report / September 30, 2017

Ltd. — Limited

MTN — Medium Term Note

NCUA — National Credit Union Association

PHP — Philippine Peso

PLC — Public Limited Company

PO — Principal Only

RB — Revenue Bond

Re-REMIC — Resecuritization of Real Estate Mortgage Investment Conduit

Ser — Series

STRIPS — Separately Traded Registered Interest and Principal Securities

TBA — To Be Announced

TWD — Taiwanese Dollar

ULC — Unlimited Liability Company

USD — United States Dollar

The following is a list of the level of inputs used as of September 30, 2017, in valuing the Fund’s investments and other financial instruments carried at value ($ Thousands):



Investments in Securities	Level 1		Level 2		Level 3		Total
Mortgage-Backed Securities	$	–	$	697,142	$	–	$	697,142
Corporate Obligations		–		604,025		–		604,025
U.S. Treasury Obligations		–		596,156		–		596,156
Asset-Backed Securities		–		175,476		–		175,476
Sovereign Debt		–		47,828		–		47,828
Loan Participations		–		21,334		–		21,334
Municipal Bonds		–		10,512		–		10,512
U.S. Government Agency Obligations		–		8,431		–		8,431
Preferred Stock		527		–		–		527
Affiliated Partnership		–		137,563		–		137,563
Cash Equivalent		127,390		–		–		127,390
Repurchase Agreement		–		53,600		–		53,600

Total Investments in Securities	$	127,917	$	2,352,067	$	–	$	2,479,984



Other Financial Instruments	Level 1			Level 2			Level 3		Total
Purchased Options	$	203		$	—		$	—	$	203
Written Options		(175	)		—			—		(175	)
Futures Contracts *
Unrealized Appreciation		2,048			—			—		2,048
Unrealized Depreciation		(2,336	)		—			—		(2,336	)
Forwards Contracts *
Unrealized Appreciation		—			840			—		840
Unrealized Depreciation		—			(674	)		—		(674	)
Centrally Cleared Swaps
Interest Rate Swaps *
Unrealized Appreciation		—			1,879			—		1,879
Unrealized Depreciation		—			(248	)		—		(248	)
Credit Default Swaps *
Unrealized Appreciation		—			69			—		69
Unrealized Depreciation		—			(30	)		—		(30	)

Total Other Financial Instruments	$	(260	)	$	1,836		$	—	$	1,576

* Futures contracts, forward contracts and swaps contracts are valued at the unrealized appreciation (depreciation) on the instrument.

For the year ended September 30, 2017, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the year ended September 30, 2017, there were no transfers between Level 2 and Level 3 assets and liabilities.

For more information on valuation inputs, see Note 2 – Significant Accounting Policies in Notes to Financial Statements.

Amounts designated as “—” are $0 or have been rounded to $0.

The following is a summary of the Fund’s transactions with affiliates for the year ended September 30, 2017 ($ Thousands):


Security Description	Value 9/30/2016		Purchases at Cost		Proceeds from Sales			Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)		Value 9/30/2017		Dividend Income
SEI Liquidity Fund, L.P.		$14,020		$1,172,361		$(1,048,813	)		$(1)		$(4)		$137,563		$400
SEI Daily Income Trust, Government Fund, CI F		56,416		1,693,087		(1,622,113	)		—		—		127,390		320

Totals		$70,436		$2,865,448		$(2,670,926	)		$(1)		$(4)		$264,953		$720

The accompanying notes are an integral part of the financial statements.


SEI Institutional Managed Trust / Annual Report / September 30, 2017			147

SCHEDULE OF INVESTMENTS

September 30, 2017

U.S. Fixed Income Fund

LOGO

^†Percentages are based on total investments. Includes investments held as collateral for securities held on loan (see Note 10).



Description	Face Amount (Thousands)		Market Value ($ Thousands)

U.S. TREASURY OBLIGATIONS — 33.1%
U.S. Treasury Bills
1.082%, 03/01/2018 (A)(B)	$	220	$	219
U.S. Treasury Bonds
6.250%, 05/15/2030		3,965		5,631
5.250%, 11/15/2028		5,125		6,576
5.250%, 02/15/2029		870		1,120
3.816%, 02/15/2045 (A)		3,105		1,395
3.750%, 11/15/2043		16,300		19,107
3.000%, 05/15/2045 (B)		13,430		13,829
3.000%, 11/15/2045		810		833
3.000%, 02/15/2047		12,232		12,582
3.000%, 05/15/2047		9,457		9,731
2.875%, 08/15/2045		8,745		8,783
2.875%, 11/15/2046		7,100		7,125
2.772%, 08/15/2045 (A)		2,810		1,242
2.750%, 08/15/2047		27,547		26,949
2.500%, 02/15/2045		14,820		13,822
2.500%, 02/15/2046		23,570		21,919
2.500%, 05/15/2046		8,993		8,356
2.250%, 08/15/2046		5,985		5,262
2.000%, 02/15/2025		6,900		6,806
U.S. Treasury Inflation Protected Securities
1.375%, 07/15/2018		2,378		2,417
1.375%, 02/15/2044		63		69
0.875%, 02/15/2047		4,974		4,902
0.750%, 02/15/2042		238		230
0.625%, 01/15/2024		157		161
0.625%, 02/15/2043		2,949		2,756
0.375%, 07/15/2027		7,215		7,146
0.125%, 04/15/2018		2,891		2,892
0.125%, 04/15/2021		2,381		2,388
0.125%, 04/15/2022		1,213		1,213
0.125%, 07/15/2026		4,514		4,389
U.S. Treasury Notes
2.375%, 05/15/2027		4,504		4,523



Description	Face Amount (Thousands)		Market Value ($ Thousands)

U.S. TREASURY OBLIGATIONS (continued)
2.250%, 02/15/2027	$	754	$	749
2.250%, 08/15/2027 (C)		33,599		33,371
2.125%, 12/31/2022		16,600		16,721
2.000%, 08/31/2021		285		287
2.000%, 10/31/2021		2,942		2,963
2.000%, 12/31/2021		9,794		9,855
2.000%, 11/15/2026		5,430		5,291
1.875%, 01/31/2022		10,731		10,736
1.875%, 03/31/2022		11,495		11,491
1.875%, 04/30/2022		2,228		2,226
1.875%, 05/31/2022		4,445		4,442
1.875%, 07/31/2022		14,540		14,508
1.875%, 09/30/2022		48,504		48,387
1.875%, 08/31/2024		764		750
1.750%, 12/31/2020		1,199		1,201
1.750%, 01/31/2023		4,180		4,129
1.625%, 07/31/2020		1,788		1,789
1.625%, 08/31/2022 (C)		43,563		42,964
1.500%, 08/31/2018		15,700		15,719
1.500%, 05/31/2020		2,878		2,872
1.500%, 08/15/2020		4,867		4,853
1.500%, 08/15/2026		15,064		14,105
1.375%, 07/31/2018		8,295		8,298
1.375%, 11/30/2018		2,860		2,859
1.375%, 07/31/2019 (C)		14,615		14,592
1.375%, 09/30/2019		26,039		25,985
1.375%, 08/31/2020		1,419		1,409
1.375%, 09/15/2020 (C)		14,802		14,700
1.375%, 01/31/2021		17,230		17,048
1.250%, 04/30/2019		13,685		13,645
1.250%, 05/31/2019		1,915		1,909
1.250%, 06/30/2019		1,064		1,060
1.250%, 08/31/2019 (C)		8,403		8,367
1.125%, 01/15/2019		5,730		5,709
1.125%, 02/28/2021		7,137		6,998
1.125%, 07/31/2021		3,894		3,799
1.000%, 12/31/2017		3,690		3,689
1.000%, 08/15/2018		11,730		11,694


Total U.S. Treasury Obligations (Cost $596,008) ($ Thousands)				595,543


MORTGAGE-BACKED SECURITIES — 32.3%

Agency Mortgage-Backed Obligations — 28.4%
FHLMC
10.000%, 03/17/2026		47		47
7.500%, 01/01/2032 to 02/01/2038		323		369
6.500%, 10/01/2031 to 09/01/2038		293		327
6.000%, 02/01/2018 to 09/01/2038		384		423
5.500%, 06/01/2020 to 08/01/2037		397		414
5.000%, 03/01/2034 to 06/01/2044		1,567		1,729
4.500%, 08/01/2020 to 06/01/2047		5,516		5,953


148		SEI Institutional Managed Trust / Annual Report / September 30, 2017



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
4.000%, 10/01/2029 to 07/01/2047	$	15,459	$	16,379
3.500%, 09/01/2026 to 04/01/2047		31,067		32,345
3.000%, 03/01/2031 to 03/01/2047		16,066		16,149
FHLMC ARM
3.091%, VAR ICE LIBOR USD 12 Month+1.622%, 02/01/2045		270		276
2.624%, VAR ICE LIBOR USD 12 Month+1.633%, 07/01/2046		859		872
FHLMC CMO, Ser 2002-2399, Cl XG
6.500%, 01/15/2032		103		115
FHLMC CMO, Ser 2005-2945, Cl SA
10.072%, VAR LIBOR USD 1 Month+12.294%, 03/15/2020		3		3
FHLMC CMO, Ser 2005-2950, Cl JO, PO
0.000%, 03/15/2020 (A)		2		2
FHLMC CMO, Ser 2007-3281, Cl AI, IO
5.196%, VAR LIBOR USD 1 Month+6.430%, 02/15/2037		100		18
FHLMC CMO, Ser 2007-3316, Cl JO, PO
0.000%, 05/15/2037 (A)		4		4
FHLMC CMO, Ser 2011-3804, Cl FN
1.684%, VAR LIBOR USD 1 Month+0.450%, 03/15/2039		57		57
FHLMC CMO, Ser 2011-3829, Cl ED
3.500%, 10/15/2028		108		109
FHLMC CMO, Ser 2011-3838, Cl QE
3.500%, 01/15/2029		203		204
FHLMC CMO, Ser 2011-3947, Cl SG, IO
4.716%, VAR LIBOR USD 1 Month+5.950%, 10/15/2041		469		79
FHLMC CMO, Ser 2012-283, Cl IO, IO
3.500%, 10/15/2027		786		78
FHLMC CMO, Ser 2012-4146, Cl DI, IO
3.000%, 12/15/2031		1,003		101
FHLMC CMO, Ser 2013-4194, Cl BI, IO
3.500%, 04/15/2043		435		68
FHLMC CMO, Ser 2013-4203, Cl PS, IO
5.016%, VAR LIBOR USD 1 Month+6.250%, 09/15/2042		377		59
FHLMC CMO, Ser 2013-4210, Cl Z
3.000%, 05/15/2043		223		209
FHLMC CMO, Ser 2013-4239, Cl IO, IO
3.500%, 06/15/2027		597		59
FHLMC CMO, Ser 2014-328, Cl S4, IO
1.928%, 02/15/2038 (D)		46		3
FHLMC CMO, Ser 2014-4335, Cl SW, IO
4.766%, VAR LIBOR USD 1 Month+6.000%, 05/15/2044		145		28
FHLMC CMO, Ser 2014-4415, Cl IO, IO
1.816%, 04/15/2041 (D)		162		8
FHLMC CMO, Ser 2015-4425, Cl A
4.000%, 09/15/2040		406		428



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
FHLMC CMO, Ser 2015-4529, Cl HC
3.000%, 10/15/2039	$	242	$	246
FHLMC CMO, Ser 2016-353, Cl S1, IO
4.766%, VAR LIBOR USD 1 Month+6.000%, 12/15/2046		281		61
FHLMC CMO, Ser 2016-4604, Cl AB
3.000%, 08/15/2046		612		625
FHLMC CMO, Ser 2016-4639, Cl HZ
1.750%, 04/15/2053		1,568		1,454
FHLMC CMO, Ser 2016-4640, Cl LD
4.000%, 09/15/2043		1,932		2,038
FHLMC CMO, Ser 2017-4700, Cl QJ
4.000%, 07/15/2044		1,550		1,637
FHLMC CMO, Ser 2017-4705, Cl A
4.500%, 09/15/2042		1,027		1,100
FHLMC Multifamily Structured Pass-Through Certificates, Ser K151, Cl A3
3.511%, 04/25/2030		485		506
FHLMC Multifamily Structured Pass-Through Certificates, Ser K723, Cl X1, IO
1.079%, 08/25/2023 (D)		7,680		357
FHLMC Multifamily Structured Pass-Through Certificates, Ser KF34, Cl A
1.592%, VAR LIBOR USD 1 Month+0.360%, 08/25/2024		940		941
FHLMC Multifamily Structured Pass-Through Certificates, Ser KIR1, Cl X, IO
1.229%, 03/25/2026 (D)		6,241		448
FHLMC Multifamily Structured Pass-Through Certificates, Ser KJ03, Cl A2
2.328%, 06/25/2021		170		172
FHLMC Multifamily Structured Pass-Through Certificates, Ser KS03, Cl A4
3.161%, 05/25/2025 (D)		1,650		1,702
FHLMC Multifamily Structured Pass-Through Certificates, Ser S8FX, Cl A2
3.291%, 03/25/2027		320		329
FHLMC Structured Pass-Through Certificates, Ser 2007-76, Cl 2A
2.029%, 10/25/2037 (D)		167		171
FHLMC TBA
4.000%, 10/14/2040 to 11/01/2040		9,030		9,503
3.500%, 10/15/2041		14,595		15,053
3.000%, 10/15/2042		5,300		5,319
FNMA
7.500%, 10/01/2037 to 04/01/2039		235		285
7.000%, 04/01/2032 to 01/01/2039		132		151
6.500%, 05/01/2027 to 10/01/2038		266		299
6.000%, 10/01/2019 to 10/01/2040		1,071		1,206
5.500%, 02/01/2021 to 02/01/2035		121		134
5.000%, 01/01/2020 to 08/01/2056		5,077		5,592
4.540%, 01/01/2020		444		467
4.500%, 01/01/2020 to 04/01/2056		43,056		46,604


SEI Institutional Managed Trust / Annual Report / September 30, 2017		149

SCHEDULE OF INVESTMENTS

September 30, 2017

U.S. Fixed Income Fund (Continued)



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
4.410%, 05/01/2021	$	355	$	380
4.360%, 05/01/2021		953		1,019
4.350%, 04/01/2021		745		795
4.300%, 04/01/2021		234		250
4.250%, 04/01/2021		250		266
4.240%, 06/01/2021		941		1,003
4.230%, 03/01/2020		361		377
4.200%, 04/01/2021		666		707
4.060%, 07/01/2021		983		1,046
4.000%, 04/01/2024 to 08/01/2056		61,600		65,355
3.590%, 12/01/2020		441		460
3.500%, 08/01/2028 to 03/01/2057		22,794		23,750
3.430%, 10/01/2020		891		926
3.410%, 10/01/2030		826		856
3.390%, 01/01/2031		700		724
3.340%, 07/01/2030		600		617
3.290%, 10/01/2020 to 09/01/2032		1,003		1,033
3.260%, 10/01/2030		726		742
3.240%, 06/01/2029		955		983
3.230%, 11/01/2020		320		331
3.168%, VAR ICE LIBOR USD 12 Month+1.500%, 10/01/2047		642		661
3.120%, 06/01/2035		850		824
3.110%, 02/01/2028		465		474
3.080%, 04/01/2030		500		507
3.040%, 04/01/2030		500		505
3.000%, 02/01/2027 to 02/01/2047		7,275		7,404
2.600%, 10/01/2031		735		708
2.500%, 10/01/2042		254		247
FNMA ARM
4.377%, VAR ICE LIBOR USD 12 Month+1.776%, 04/01/2040		126		133
3.234%, VAR ICE LIBOR USD 12 Month+1.620%, 06/01/2047		837		862
3.164%, VAR ICE LIBOR USD 12 Month+1.562%, 10/01/2043		158		162
3.137%, VAR ICE LIBOR USD 12 Month+1.620%, 03/01/2047		851		877
2.977%, VAR ICE LIBOR USD 12 Month+1.602%, 05/01/2047		209		214
FNMA CMO, Ser 1999-11, Cl Z
5.500%, 03/25/2029		50		55
FNMA CMO, Ser 2005-117, Cl LC
5.500%, 11/25/2035		229		243
FNMA CMO, Ser 2005-29, Cl ZA
5.500%, 04/25/2035		240		270
FNMA CMO, Ser 2005-360, Cl 2, IO
5.000%, 08/25/2035		163		32
FNMA CMO, Ser 2007-108, Cl AN
8.068%, 11/25/2037 (D)		57		67
FNMA CMO, Ser 2009-103, Cl MB
3.498%, 12/25/2039 (D)		128		137



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
FNMA CMO, Ser 2009-86, Cl BO, PO
6.302%, 03/25/2037 (A)	$	559	$	514
FNMA CMO, Ser 2011-43, Cl AN
3.500%, 12/25/2028		202		202
FNMA CMO, Ser 2011-87, Cl SG, IO
5.313%, VAR LIBOR USD 1 Month+6.550%, 04/25/2040		380		47
FNMA CMO, Ser 2012-101, Cl AI, IO
3.000%, 06/25/2027		581		49
FNMA CMO, Ser 2012-118, Cl CI, IO
3.500%, 12/25/2039		618		70
FNMA CMO, Ser 2012-35, Cl SC, IO
5.263%, VAR LIBOR USD 1 Month+6.500%, 04/25/2042		128		26
FNMA CMO, Ser 2013-124, Cl SB, IO
4.713%, VAR LIBOR USD 1 Month+5.950%, 12/25/2043		223		45
FNMA CMO, Ser 2013-126, Cl CS, IO
4.913%, VAR LIBOR USD 1 Month+6.150%, 09/25/2041		618		88
FNMA CMO, Ser 2013-30, Cl CA
1.500%, 04/25/2043		312		288
FNMA CMO, Ser 2013-54, Cl BS, IO
4.913%, VAR LIBOR USD 1 Month+6.150%, 06/25/2043		136		28
FNMA CMO, Ser 2013-73, Cl IA, IO
3.000%, 09/25/2032		712		75
FNMA CMO, Ser 2013-73, Cl IB, IO
3.500%, 07/25/2028		169		18
FNMA CMO, Ser 2014-40, Cl EP
3.500%, 10/25/2042		451		470
FNMA CMO, Ser 2014-47, Cl AI, IO
1.834%, 08/25/2044 (D)		399		24
FNMA CMO, Ser 2015-56, Cl AS, IO
4.913%, VAR LIBOR USD 1 Month+6.150%, 08/25/2045		80		18
FNMA CMO, Ser 2016-59, Cl CA
3.500%, 09/25/2043		1,500		1,568
FNMA CMO, Ser 2017-13, Cl PA
3.000%, 08/25/2046		834		846
FNMA CMO, Ser 2017-33, Cl LB
3.000%, 05/25/2039		987		1,007
FNMA CMO, Ser 2017-76, Cl SB, IO
4.866%, VAR LIBOR USD 1 Month+6.100%, 10/25/2057		1,000		187
FNMA CMO, Ser 2017-GS, Cl SA, IO
0.000%, 03/31/2036		300		52
FNMA TBA
5.000%, 10/01/2038		1,500		1,636
4.500%, 11/15/2034		9,965		10,684
4.000%, 11/12/2039 to 10/01/2040		28,035		29,495
3.500%, 11/01/2040 to 10/15/2042		32,870		33,856
3.000%, 11/25/2026 to 10/15/2042		17,935		18,228


150		SEI Institutional Managed Trust / Annual Report / September 30, 2017



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
2.500%, 11/25/2027	$	6,700	$	6,738
FNMA, Ser 2014-M12, Cl FA
1.579%, VAR LIBOR USD 1 Month+0.300%, 10/25/2021		155		155
FNMA, Ser 2014-M8, Cl X2, IO
0.520%, 06/25/2024 (D)		8,586		194
FNMA, Ser 2015-M10, Cl A2
3.092%, 04/25/2027 (D)		544		551
FNMA, Ser 2015-M3, Cl FA
1.457%, VAR LIBOR USD 1 Month+0.220%, 06/25/2018		147		147
FNMA, Ser 2017-M4, Cl A2
2.684%, 12/25/2026 (D)		504		494
FNMA, Ser 2017-M7, Cl A2
2.961%, 02/25/2027 (D)		453		463
GNMA
7.500%, 10/15/2037		42		50
7.000%, 09/15/2031		39		46
6.500%, 12/15/2035		361		419
6.000%, 09/20/2038		77		86
5.000%, 12/20/2039 to 11/20/2045		91		102
4.500%, 05/20/2045 to 09/15/2047		1,378		1,510
4.000%, 07/15/2045 to 08/20/2047		8,232		8,727
3.500%, 04/20/2046 to 06/20/2047		10,201		10,618
3.000%, 04/15/2045 to 09/20/2047		4,274		4,338
2.375%, VAR US Treas Yield Curve Rate
T Note Const Mat 1 Yr+1.500%, 02/20/2034		295		307
GNMA CMO, Ser 2007-78, Cl SA, IO
5.296%, VAR LIBOR USD 1 Month+6.530%, 12/16/2037		781		117
GNMA CMO, Ser 2009-66, Cl XS, IO
5.566%, VAR LIBOR USD 1 Month+6.800%, 07/16/2039		904		134
GNMA CMO, Ser 2010-4, Cl NS, IO
5.156%, VAR LIBOR USD 1 Month+6.390%, 01/16/2040		1,536		272
GNMA CMO, Ser 2010-H11, Cl FA
2.236%, VAR ICE LIBOR USD 1 Month+1.000%, 06/20/2060		522		530
GNMA CMO, Ser 2011-H08, Cl FD
1.731%, VAR ICE LIBOR USD 1 Month+0.500%, 02/20/2061		355		354
GNMA CMO, Ser 2012-34, Cl SA, IO
4.814%, VAR LIBOR USD 1 Month+6.050%, 03/20/2042		149		25
GNMA CMO, Ser 2012-43, Cl SN, IO
5.366%, VAR LIBOR USD 1 Month+6.600%, 04/16/2042		86		19
GNMA CMO, Ser 2012-H25, Cl FA
1.931%, VAR ICE LIBOR USD 1 Month+0.700%, 12/20/2061		632		634



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
GNMA CMO, Ser 2013-69, Cl AI, IO
3.500%, 05/20/2043	$	619	$	102
GNMA CMO, Ser 2014-117, Cl SJ, IO
4.364%, VAR LIBOR USD 1 Month+5.600%, 08/20/2044		220		32
GNMA CMO, Ser 2014-5, Cl SP, IO
4.916%, VAR LIBOR USD 1 Month+6.150%, 06/16/2043		521		65
GNMA CMO, Ser 2014-H10, Cl TA
1.831%, VAR ICE LIBOR USD 1 Month+0.600%, 04/20/2064		711		713
GNMA CMO, Ser 2015-167, Cl OI, IO
4.000%, 04/16/2045		75		15
GNMA CMO, Ser 2015-H10, Cl FC
1.711%, VAR ICE LIBOR USD 1 Month+0.480%, 04/20/2065		426		424
GNMA CMO, Ser 2015-H18, Cl FA
1.681%, VAR ICE LIBOR USD 1 Month+0.450%, 06/20/2065		314		313
GNMA CMO, Ser 2015-H20, Cl FA
1.701%, VAR ICE LIBOR USD 1 Month+0.470%, 08/20/2065		309		308
GNMA TBA
4.500%, 11/15/2039 to 12/15/2039		15,040		15,998
4.000%, 10/01/2039		9,250		9,750
3.500%, 10/15/2041 to 11/15/2041		24,815		25,802
3.000%, 10/01/2042		30,545		30,970
GNMA, Ser 2012-112, Cl IO, IO
0.311%, 02/16/2053 (D)		1,088		26
GNMA, Ser 2012-27, Cl IO, IO
1.012%, 04/16/2053 (D)		1,488		54
GNMA, Ser 2013-145, Cl IO, IO
1.072%, 09/16/2044 (D)		1,369		74
GNMA, Ser 2013-63, Cl IO, IO
0.777%, 09/16/2051 (D)		22		1
GNMA, Ser 2013-96, Cl IO, IO
0.527%, 10/16/2054 (D)		1,948		64
GNMA, Ser 2014-47, Cl IA, IO
0.385%, 02/16/2048 (D)		298		12
GNMA, Ser 2014-50, Cl IO, IO
0.870%, 09/16/2055 (D)		1,209		66
GNMA, Ser 2014-92, Cl IX, IO
0.694%, 05/16/2054 (D)		6,860		248
GNMA, Ser 2015-5, Cl IK, IO
0.702%, 11/16/2054 (D)		6,705		307

				511,212


Non-Agency Mortgage-Backed Obligations — 3.9%
7 WTC Depositor Trust, Ser 2012-7WTC, Cl A
4.082%, 03/13/2031 (E)		64		65


SEI Institutional Managed Trust / Annual Report / September 30, 2017		151

SCHEDULE OF INVESTMENTS

September 30, 2017

U.S. Fixed Income Fund (Continued)



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
American Home Mortgage Investment Trust, Ser 2004-4, Cl 4A
3.453%, VAR ICE LIBOR USD 6 Month+2.000%, 02/25/2045	$	444	$	453
AOA Mortgage Trust, Ser 2015-1177, Cl A
2.957%, 12/13/2029 (E)		930		946
ASG Resecuritization Trust, Ser 2009-3, Cl A65
2.838%, 03/26/2037 (D)(E)		76		76
Banc of America Funding Trust, Ser 2004-C, Cl 1A1
3.231%, 12/20/2034 (D)		20		20
Banc of America Funding Trust, Ser 2006-G, Cl 2A4
1.526%, VAR ICE LIBOR USD 1 Month+0.290%, 07/20/2036		1,357		1,358
BANK, Ser 2017-BNK7, Cl A5
3.435%, 09/15/2060		330		338
BB-UBS Trust, Ser 2012-SHOW, Cl A
3.430%, 11/05/2036 (E)		600		614
BB-UBS Trust, Ser 2012-TFT, Cl A
2.892%, 06/05/2030 (E)		150		149
BCAP LLC Trust, Ser 2009-RR5, Cl 8A1
5.500%, 11/26/2034 (D)(E)		70		72
Bear Stearns Adjustable Rate Mortgage Trust, Ser 2004-2, Cl 14A
3.692%, 05/25/2034 (D)		14		15
Bear Stearns Adjustable Rate Mortgage Trust, Ser 2005-5, Cl A1
3.280%, VAR US Treas Yield Curve Rate T Note Const Mat 1 Yr+2.050%, 08/25/2035		52		53
Bear Stearns ALT-A Trust, Ser 2004-12, Cl 1A3
1.937%, VAR ICE LIBOR USD 1 Month+0.700%, 01/25/2035		142		141
Bear Stearns ALT-A Trust, Ser 2004-6, Cl 1A
1.877%, VAR ICE LIBOR USD 1 Month+0.640%, 07/25/2034		90		89
Bear Stearns ARM Trust, Ser 2003-7, Cl 9A
3.413%, 10/25/2033 (D)		507		508
Bear Stearns Commercial Mortgage Securities, Ser 2005-PWR8, Cl X1, IO
0.521%, 06/11/2041 (D)(E)		23		–
CD Commercial Mortgage Trust, Ser 2016- CD1, Cl ASB
2.622%, 08/10/2049		537		531
CD Commercial Mortgage Trust, Ser 2016- CD1, Cl A1
1.443%, 08/10/2049		132		130
CD Commercial Mortgage Trust, Ser 2016-CD2
3.526%, 11/01/2049		290		300



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
CD Commercial Mortgage Trust, Ser 2017- CD4, Cl ASB
3.317%, 05/10/2050	$	253	$	260
CD Commerical Mortgage Trust, Ser 2017- CD3, Cl A4
3.631%, 02/10/2050		310		323
CFCRE Commercial Mortgage Trust, Ser 2011- C1, Cl A4
4.961%, 04/15/2044 (D)(E)		359		381
CFCRE Commercial Mortgage Trust, Ser 2016-C3, Cl A1
1.793%, 01/10/2048		218		217
CFCRE Commercial Mortgage Trust, Ser 2016-C4, Cl A4
3.283%, 05/10/2058		332		335
CFCRE Commercial Mortgage Trust, Ser 2016-C7, Cl A2
3.585%, 12/10/2054		332		341
CFCRE Commercial Mortgage Trust, Ser 2016-C7, Cl A3
3.839%, 12/10/2054		241		252
CFCRE Commercial Mortgage Trust, Ser 2017-C8, Cl A1
1.965%, 06/15/2050		201		200
CFCRE Commercial Mortgage Trust, Ser 2017-C8, Cl ASB
3.367%, 06/15/2050		264		271
CFCRE Commercial Mortgage Trust, Ser 2017-C8, Cl A4
3.572%, 06/15/2050		345		354
CGBAM Commercial Mortgage Trust, Ser 2016-IMC, Cl D
6.634%, VAR LIBOR USD 1 Month+5.400%, 11/15/2021 (E)		930		929
Chase Mortgage Finance, Ser 2007-A1, Cl 9A1
3.556%, 02/25/2037 (D)		25		25
Chase Mortgage Finance, Ser 2007-A1, Cl 2A1
3.679%, 02/25/2037 (D)		33		33
Chase Mortgage Finance, Ser 2007-A2, Cl 1A1
3.652%, 07/25/2037 (D)		40		40
Chicago Skyscraper Trust, Ser 2017-SKY, Cl C
2.484%, VAR LIBOR USD 1 Month+1.250%, 02/15/2030 (E)		320		320
Citigroup Commercial Mortgage Trust, Ser 2013-GC11, Cl AAB
2.690%, 04/10/2046		226		229
Citigroup Commercial Mortgage Trust, Ser 2013-GC11, Cl A4
3.093%, 04/10/2046		200		204


152		SEI Institutional Managed Trust / Annual Report / September 30, 2017



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
Citigroup Commercial Mortgage Trust, Ser 2013-GC11, Cl A2
1.987%, 04/10/2046	$	391	$	391
Citigroup Commercial Mortgage Trust, Ser 2013-SMP, Cl A
2.110%, 01/12/2030 (E)		428		428
Citigroup Commercial Mortgage Trust, Ser 2014-GC25, Cl A4
3.635%, 10/10/2047		587		612
Citigroup Commercial Mortgage Trust, Ser 2014-GC25, Cl AS
4.017%, 10/10/2047		140		146
Citigroup Commercial Mortgage Trust, Ser 2015-GC29, Cl A4
3.192%, 04/10/2048		299		303
Citigroup Commercial Mortgage Trust, Ser 2015-GC33, Cl A4
3.778%, 09/10/2058		290		305
Citigroup Commercial Mortgage Trust, Ser 2017-P8, Cl A4
3.465%, 09/15/2050		330		339
Citigroup Global Markets Mortgage Securities VII, Ser 2003-HYB1, Cl A
3.714%, 09/25/2033 (D)		37		38
Citigroup Global Markets Mortgage Securities VII, Ser 2003-UP1, Cl A
3.950%, 04/25/2032 (E)		14		14
Citigroup/Deutsche Bank Commercial Mortgage Trust, Ser 2006-CD2, Cl X, IO
0.023%, 01/15/2046 (D)(E)		511		–
Citigroup/Deutsche Bank Commercial Mortgage Trust, Ser 2007-CD4, Cl XC, IO
0.742%, 12/11/2049 (D)(E)		323		–
COMM Mortgage Trust, Ser 2010-C1, Cl A2
3.830%, 07/10/2046 (E)		32		32
COMM Mortgage Trust, Ser 2012-CR2, Cl XA, IO
1.838%, 08/15/2045 (D)		638		42
COMM Mortgage Trust, Ser 2012-CR4, Cl AM
3.251%, 10/15/2045		590		598
COMM Mortgage Trust, Ser 2012-CR4, Cl A2
1.801%, 10/15/2045		59		59
COMM Mortgage Trust, Ser 2012-LC4, Cl A4
3.288%, 12/10/2044		79		81
COMM Mortgage Trust, Ser 2013-300P, Cl A1
4.353%, 08/10/2030 (E)		215		232
COMM Mortgage Trust, Ser 2013-CR10, Cl A2
2.972%, 08/10/2046		117		118
COMM Mortgage Trust, Ser 2013-CR11, Cl A1
1.468%, 08/10/2050		55		55
COMM Mortgage Trust, Ser 2013-CR12, Cl A3
3.765%, 10/10/2046		89		94



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
COMM Mortgage Trust, Ser 2013-CR12, Cl A4
4.046%, 10/10/2046	$	86	$	92
COMM Mortgage Trust, Ser 2013-CR12, Cl A1
1.295%, 10/10/2046		11		11
COMM Mortgage Trust, Ser 2013-CR12, Cl C
5.251%, 10/10/2046 (D)		10		10
COMM Mortgage Trust, Ser 2013-CR12, Cl B
4.762%, 10/10/2046 (D)		30		32
COMM Mortgage Trust, Ser 2013-CR12, Cl AM
4.300%, 10/10/2046		30		32
COMM Mortgage Trust, Ser 2013-CR13, Cl XA, IO
1.083%, 11/12/2046 (D)		3,935		139
COMM Mortgage Trust, Ser 2013-CR6, Cl B
3.397%, 03/10/2046 (E)		299		300
COMM Mortgage Trust, Ser 2013-CR6, Cl A2
2.122%, 03/10/2046		749		750
COMM Mortgage Trust, Ser 2013-CR9, Cl ASB
3.834%, 07/10/2045		722		759
COMM Mortgage Trust, Ser 2014-CR18, Cl XA, IO
1.387%, 07/15/2047 (D)		3,676		186
COMM Mortgage Trust, Ser 2014-UBS4, Cl A5
3.694%, 08/10/2047		196		205
COMM Mortgage Trust, Ser 2014-UBS5, Cl ASB
3.548%, 09/10/2047		103		108
COMM Mortgage Trust, Ser 2014-UBS6, Cl A5
3.644%, 12/10/2047		482		502
COMM Mortgage Trust, Ser 2015-CR25, Cl A4
3.759%, 08/10/2048		188		198
COMM Mortgage Trust, Ser 2015-LC19, Cl XA, IO
1.349%, 02/10/2048 (D)		6,253		423
COMM Mortgage Trust, Ser 2016-787S, Cl A
3.545%, 02/10/2036 (E)		310		319
COMM Mortgage Trust, Ser 2016-COR1, Cl ASB
2.972%, 10/10/2049		254		258
COMM Mortgage Trust, Ser 2016-GCT, Cl A
2.681%, 08/10/2021		370		374
COMM Mortgage Trust, Ser 2016-SAVA
2.947%, 10/15/2018		1,310		1,315
COMM Mortgage Trust, Ser 2017-COR2, Cl A3
3.510%, 09/10/2050		414		424
Commercial Mortgage Pass-Through Certificates, Ser 2012-CR3, Cl A3
2.822%, 10/15/2045		266		269
Commercial Mortgage Pass-Through Certificates, Ser 2014-UBS2, Cl XA, IO
1.535%, 03/10/2047 (D)		2,211		125


SEI Institutional Managed Trust / Annual Report / September 30, 2017		153

SCHEDULE OF INVESTMENTS

September 30, 2017

U.S. Fixed Income Fund (Continued)



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
Commercial Mortgage Pass-Through Certificates, Ser 2014-UBS2, Cl A5
3.961%, 03/10/2047	$	90	$	95
Commercial Mortgage Pass-Through Certificates, Ser 2014-UBS6, Cl AM
4.048%, 12/10/2047		372		389
Credit Suisse First Boston Mortgage Securities, Ser 2003-27, Cl 5A3
5.250%, 11/25/2033		66		67
Credit Suisse First Boston Mortgage Securities, Ser 2003-29, Cl 5A1
7.000%, 12/25/2033		60		64
Credit Suisse First Boston Mortgage Securities, Ser 2003-AR24, Cl 2A4
3.530%, 10/25/2033 (D)		397		395
CSAIL Commercial Mortgage Trust, Ser 2014- C3, Cl A4
3.718%, 08/15/2048		349		364
CSAIL Commercial Mortgage Trust, Ser 2015- C4, Cl A4
3.808%, 11/15/2048		882		924
CSAIL Commercial Mortgage Trust, Ser 2016- C5, Cl ASB
3.533%, 11/15/2048		90		94
CSMC, Ser 2009-2R, Cl 1A14
3.403%, 09/26/2034 (D)(E)		503		507
CSMC, Ser 2009-2R, Cl 1A16
3.403%, 09/26/2034 (D)(E)		755		761
CSMC, Ser 2010-3R, Cl 2A3
4.500%, 12/26/2036 (D)(E)		770		789
CSMC, Ser 2014-7R, Cl 8A1
3.185%, 07/27/2037 (D)(E)		599		600
CSMC, Ser 2015-5R, Cl 1A1
1.066%, 09/27/2046 (E)		700		695
CSMC, Ser 2016-BDWN, Cl B
5.734%, VAR LIBOR USD 1 Month+4.500%, 02/15/2029 (E)		370		371
DBJPM Mortgage Trust, Ser 2017-C6, Cl ASB
3.121%, 06/10/2050		150		153
DBUBS Mortgage Trust, Ser 2011-LC2A, Cl A4
4.537%, 07/10/2044 (E)		100		106
FHLMC Structured Agency Credit Risk Debt Notes, Ser 2014-DN1, Cl M2
3.437%, VAR ICE LIBOR USD 1 Month+2.200%, 02/25/2024		501		517
FHLMC Structured Agency Credit Risk Debt Notes, Ser 2014-DN2, Cl M2
2.887%, VAR ICE LIBOR USD 1 Month+1.650%, 04/25/2024		338		342
FHLMC Structured Agency Credit Risk Debt Notes, Ser 2015-DNA2, Cl M2
3.837%, VAR ICE LIBOR USD 1 Month+2.600%, 12/25/2027		354		361



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
FHLMC Structured Agency Credit Risk Debt Notes, Ser 2015-DNA3, Cl M2
4.087%, VAR ICE LIBOR USD 1 Month+2.850%, 04/25/2028	$	694	$	719
FHLMC Structured Agency Credit Risk Debt Notes, Ser 2017-DNA1, Cl M1
2.437%, VAR ICE LIBOR USD 1 Month+1.200%, 07/25/2029		780		789
GS Mortgage Securities Trust, Ser 2006-GG8, Cl X, IO
1.084%, 11/10/2039 (D)(E)		313		–
GS Mortgage Securities Trust, Ser 2012-GCJ7, Cl AAB
2.935%, 05/10/2045		44		45
GS Mortgage Securities Trust, Ser 2013-GC14, Cl AAB
3.817%, 08/10/2046		811		852
GS Mortgage Securities Trust, Ser 2013- GC16, Cl B
5.161%, 11/10/2046 (D)		90		98
GS Mortgage Securities Trust, Ser 2013- GC16, Cl A2
3.033%, 11/10/2046		192		194
GS Mortgage Securities Trust, Ser 2013- KING, Cl A
2.706%, 12/10/2027 (E)		103		104
GS Mortgage Securities Trust, Ser 2013- NYC5, Cl A
2.318%, 01/10/2030 (E)		122		122
GS Mortgage Securities Trust, Ser 2014-GC18, Cl A3
3.801%, 01/10/2047		228		240
GS Mortgage Securities Trust, Ser 2016-GS3, Cl A4
2.850%, 10/10/2049		185		182
GS Mortgage Securities Trust, Ser 2016-GS3, Cl AAB
2.777%, 10/10/2049		277		278
GS Mortgage Securities Trust, Ser 2017-GS7, Cl A4
3.430%, 08/10/2050		628		641
GSR Mortgage Loan Trust, Ser 2003-13, Cl 1A1
3.360%, 10/25/2033 (D)		95		96
GSR Mortgage Loan Trust, Ser 2004-8F, Cl 2A3
6.000%, 09/25/2034		36		37
GSR Mortgage Loan Trust, Ser 2007-1F, Cl 2A4
5.500%, 01/25/2037		12		12


154		SEI Institutional Managed Trust / Annual Report / September 30, 2017



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
Homestar Mortgage Acceptance, Ser 2004- 5, Cl A1
2.137%, VAR ICE LIBOR USD 1 Month+0.900%, 10/25/2034	$	177	$	179
Impac CMB Trust, Ser 2007-A, Cl M1
2.037%, VAR ICE LIBOR USD 1 Month+0.800%, 05/25/2037 (E)		389		363
Impac Secured Assets Trust, Ser 2004-4, Cl 1A3
2.097%, VAR ICE LIBOR USD 1 Month+0.860%, 02/25/2035		379		379
Impac Secured Assets Trust, Ser 2006-2, Cl 2A1
1.587%, VAR ICE LIBOR USD 1 Month+0.350%, 08/25/2036		29		28
Impact Funding LLC, Ser 2010-1, Cl A1
5.314%, 01/25/2051 (E)		789		870
JPMBB Commercial Mortgage Securities Trust, Ser 2013-C15, Cl C
5.250%, 11/15/2045 (D)		60		62
JPMBB Commercial Mortgage Securities Trust, Ser 2013-C15, Cl A2
2.977%, 11/15/2045		345		348
JPMBB Commercial Mortgage Securities Trust, Ser 2013-C17, Cl B
5.052%, 01/15/2047 (D)		30		32
JPMBB Commercial Mortgage Securities Trust, Ser 2014-C21, Cl A5
3.775%, 08/15/2047		666		701
JPMBB Commercial Mortgage Securities Trust, Ser 2014-C22, Cl C
4.711%, 09/15/2047 (D)		120		121
JPMBB Commercial Mortgage Securities Trust, Ser 2014-C23, Cl A4
3.670%, 09/15/2047		289		302
JPMBB Commercial Mortgage Securities Trust, Ser 2015-C28, Cl A2
2.773%, 10/15/2048		226		229
JPMBB Commercial Mortgage Securities Trust, Ser 2015-C28, Cl A4
3.227%, 10/15/2048		191		194
JPMBB Commercial Mortgage Securities Trust, Ser 2015-C28, Cl A3
2.912%, 10/15/2048		1,434		1,428
JPMBB Commercial Mortgage Securities Trust, Ser 2015-C30, Cl ASB
3.559%, 07/15/2048		343		359
JPMBB Commercial Mortgage Securities Trust, Ser 2015-C30, Cl AS
4.226%, 07/15/2048 (D)		270		285
JPMBB Commercial Mortgage Securities Trust, Ser 2016-C1, Cl ASB
3.316%, 03/15/2049		604		623



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
JPMCC Commercial Mortgage Securities Trust, Ser 2017-JP6, Cl ASB
3.283%, 07/15/2050	$	282	$	290
JPMDB Commercial Mortgage Securities Trust, Ser 2017-C5, Cl C
4.512%, 03/15/2050 (D)		970		1,012
JPMDB Commercial Mortgage Securities Trust, Ser 2017-C5, Cl ASB
3.492%, 03/15/2050		100		104
JPMDB Commercial Mortgage Securities Trust, Ser 2017-C5, Cl B
4.009%, 03/15/2050 (D)		740		758
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2006-CB15, Cl X1, IO
0.449%, 06/12/2043 (D)		1,736		2
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2006-LDP9, Cl A3SF
1.382%, VAR LIBOR USD 1 Month+0.155%, 05/15/2047		42		42
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2010-C2, Cl A2
3.616%, 11/15/2043 (E)		21		21
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2010-CNTR, Cl A2
4.311%, 08/05/2032 (E)		789		818
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2010-CNTR, Cl A1
3.300%, 08/05/2032 (E)		54		55
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2011-C4, Cl A3
4.106%, 07/15/2046 (E)		846		855
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2011-C5, Cl B
5.588%, 08/15/2046 (D)(E)		296		322
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2012-CBX, Cl A4
3.483%, 06/15/2045		388		403
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2012-LC9, Cl A2
1.677%, 12/15/2047		23		23
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2013-C13, Cl A2
2.665%, 01/15/2046		796		802
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2014-C20, Cl A2
2.872%, 07/15/2047		214		217
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2014-C20, Cl A5
3.805%, 07/15/2047		2,502		2,633
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2015-C31, Cl A3
3.801%, 08/15/2048		570		599


SEI Institutional Managed Trust / Annual Report / September 30, 2017		155

SCHEDULE OF INVESTMENTS

September 30, 2017

U.S. Fixed Income Fund (Continued)



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2015-JP1, Cl ASB
3.733%, 01/15/2049	$	309	$	326
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2016-JP2, Cl A1
1.324%, 08/15/2049		213		210
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2016-JP2, Cl ASB
2.713%, 08/15/2049		292		291
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2016-JP3, Cl A5
2.870%, 08/15/2049		840		827
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2017-JP5, Cl ASB
3.549%, 03/15/2050		733		765
JPMorgan Mortgage Trust, Ser 2006-A2, Cl 5A3
3.321%, 11/25/2033 (D)		61		62
JPMorgan Mortgage Trust, Ser 2006-A2, Cl 4A1
3.728%, 08/25/2034 (D)		122		123
JPMorgan Mortgage Trust, Ser 2015-5, Cl A9
2.859%, 05/25/2045 (D)(E)		291		292
LB-UBS Commercial Mortgage Trust, Ser 2006-C1, Cl XCL, IO
0.251%, 02/15/2041 (D)(E)		652		–
Liberty Street Trust, Ser 2016-225L, Cl A
3.597%, 02/10/2036 (E)		310		321
Master Resecuritization Trust, Ser 2005-PO, Cl 3PO, PO
0.000%, 05/28/2035 (A)(E)		8		6
Merrill Lynch Mortgage Investors Trust, Ser 2003-A4, Cl 2A
3.554%, 07/25/2033 (D)		20		20
Merrill Lynch Mortgage Investors Trust, Ser 2004-A1, Cl 4A
3.625%, 02/25/2034 (D)		46		46
Merrill Lynch/Countrywide Commercial Mortgage Trust, Ser 2006-4, Cl XC, IO
0.707%, 12/12/2049 (D)(E)		89		–
Morgan Stanley Bank of America Merrill Lynch Trust, Ser 2012-C6, Cl A2
1.868%, 11/15/2045		1		1
Morgan Stanley Bank of America Merrill Lynch Trust, Ser 2012-C6, Cl B
3.930%, 11/15/2045		390		400
Morgan Stanley Bank of America Merrill Lynch Trust, Ser 2013-C10, Cl A2
2.964%, 07/15/2046		84		84
Morgan Stanley Bank of America Merrill Lynch Trust, Ser 2013-C9, Cl AS
3.456%, 05/15/2046		80		82



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
Morgan Stanley Bank of America Merrill Lynch Trust, Ser 2013-C9, Cl A2
1.970%, 05/15/2046	$	21	$	21
Morgan Stanley Bank of America Merrill Lynch Trust, Ser 2015-C25, Cl A5
3.635%, 10/15/2048		250		261
Morgan Stanley Bank of America Merrill Lynch Trust, Ser 2015-C27, Cl A4
3.753%, 12/15/2047		447		468
Morgan Stanley Bank of America Merrill Lynch Trust, Ser 2016-C32, Cl A4
3.720%, 12/15/2049		290		305
Morgan Stanley Capital I Trust, Ser 2005- HE5, Cl M1
1.867%, VAR ICE LIBOR USD 1 Month+0.630%, 09/25/2035		29		29
Morgan Stanley Capital I Trust, Ser 2007- HQ11, Cl X, IO
0.443%, 02/12/2044 (D)(E)		1,182		14
Morgan Stanley Capital I Trust, Ser 2013- WLSR, Cl A
2.695%, 01/11/2032 (E)		460		462
Morgan Stanley Capital I Trust, Ser 2014- MP, Cl A
3.469%, 08/11/2033 (E)		440		455
Morgan Stanley Capital I Trust, Ser 2015- 420, Cl A
3.727%, 10/11/2050 (E)		440		457
Morgan Stanley Capital I Trust, Ser 2016- BNK2, Cl XA, IO
1.249%, 11/15/2049 (D)		3,495		248
Morgan Stanley Capital I Trust, Ser 2016- UB11, Cl ASB
2.606%, 08/15/2049		210		208
Morgan Stanley Capital I Trust, Ser 2016- UB11, Cl A1
1.445%, 08/15/2049		381		376
Morgan Stanley Capital I Trust, Ser 2016- UBS9, Cl A1
1.711%, 03/15/2049		211		208
Mortgage Repurchase Agreement Financing Trust, Ser 2016-4, Cl A1
2.435%, VAR ICE LIBOR USD 1 Month+1.200%, 05/10/2019 (E)		760		758
MSCG Trust, Ser 2015-ALDR, Cl A2
3.577%, 06/07/2035 (D)(E)		250		249
MSCG Trust, Ser 2016-SNR, Cl C
5.205%, 11/15/2034 (E)		300		307
New Residential Mortgage Loan Trust, Ser 2017-1A, Cl A1
4.000%, 02/25/2057 (D)(E)		2,009		2,103


156		SEI Institutional Managed Trust / Annual Report / September 30, 2017


Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
Nomura Asset Acceptance Alternative Loan Trust, Ser 2007-1, Cl 1A3
5.957%, 03/25/2047	$	129	$	129
Nomura Asset Acceptance Alternative Loan Trust, Ser 2007-1, Cl 1A4
6.138%, 03/25/2047		106		106
Nomura Resecuritization Trust, Ser 2015-4R, Cl 3A1
3.549%, 02/26/2036 (D)(E)		182		184
Prime Mortgage Trust, Ser 2004-CL1, Cl 1A1
6.000%, 02/25/2034		30		31
Prime Mortgage Trust, Ser 2004-CL1, Cl 1PO, PO
0.000%, 02/25/2034 (A)		8		7
RAMP Trust, Ser 2004-SL1, Cl A8
6.500%, 11/25/2031		179		188
RAMP Trust, Ser 2005-EFC4, Cl M3
1.717%, VAR ICE LIBOR USD 1 Month+0.480%, 09/25/2035		790		788
RAMP Trust, Ser 2005-EFC5, Cl M1
1.637%, VAR ICE LIBOR USD 1 Month+0.400%, 10/25/2035		89		89
RAMP Trust, Ser 2006-RZ1, Cl M1
1.637%, VAR ICE LIBOR USD 1 Month+0.400%, 03/25/2036		1,594		1,580
RBSCF Trust, Ser 2013-GSP, Cl A
3.961%, 01/13/2032 (D)(E)		280		294
Residential Accredit Loans, Ser 2004-QS7, Cl A4
5.500%, 05/25/2034		171		174
Residential Asset Securitization Trust, Ser 2004-IP2, Cl 2A1
3.429%, 12/25/2034 (D)		256		257
SFAVE Commercial Mortgage Securities Trust, Ser 2015-5AVE, Cl A1
3.872%, 01/05/2043 (D)(E)		390		386
Springleaf Mortgage Loan Trust, Ser 2013- 2A, Cl A
1.780%, 12/25/2065 (D)(E)		118		118
Structured Asset Securities Mortgage Pass- Through Certificates, Ser 2002-AL1, Cl A2
3.450%, 02/25/2032		39		39
Structured Asset Securities Mortgage Pass-Through Certificates, Ser 2003-24A, Cl 3A2
3.388%, 07/25/2033 (D)		105		105
Structured Asset Securities Mortgage Pass- Through Certificates, Ser 2003-37A, Cl 2A
3.241%, 12/25/2033 (D)		32		32
Structured Asset Securities Mortgage Pass- Through Certificates, Ser 2004-5H, Cl A4
5.540%, 12/25/2033		107		110


Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
UBS Commercial Mortgage Trust, Ser 2012- C1, Cl XA, IO
2.269%, 05/10/2045 (D)(E)	$	2,691	$	207
UBS Commercial Mortgage Trust, Ser 2017- C3, Cl AS
3.739%, 08/15/2050 (D)		330		336
UBS-Barclays Commercial Mortgage Trust, Ser 2012-C2, Cl A2
2.113%, 05/10/2063		6		6
UBS-Barclays Commercial Mortgage Trust, Ser 2012-C4, Cl A2
1.712%, 12/10/2045		28		28
VNO Mortgage Trust, Ser 2012-6AVE, Cl A
2.996%, 11/15/2030 (E)		335		342
VNO Mortgage Trust, Ser 2013-PENN, Cl A
3.808%, 12/13/2029 (E)		705		736
WaMu Mortgage Pass-Through Certificates, Ser 2003-AR10, Cl A7
3.015%, 10/25/2033 (D)		80		82
WaMu Mortgage Pass-Through Certificates, Ser 2003-AR7, Cl A7
3.129%, 08/25/2033 (D)		41		41
WaMu Mortgage Pass-Through Certificates, Ser 2003-AR8, Cl A
3.204%, 08/25/2033 (D)		22		23
WaMu Mortgage Pass-Through Certificates, Ser 2003-AR9, Cl 1A6
3.305%, 09/25/2033 (D)		68		69
WaMu Mortgage Pass-Through Certificates, Ser 2003-S4, Cl 2A10
14.060%, VAR ICE LIBOR USD 1 Month+17.463%, 06/25/2033		9		11
WaMu Mortgage Pass-Through Certificates, Ser 2003-S9, Cl A8
5.250%, 10/25/2033		152		159
WaMu Mortgage Pass-Through Certificates, Ser 2004-AR3, Cl A2
3.145%, 06/25/2034 (D)		49		50
WaMu Mortgage Pass-Through Certificates, Ser 2004-RA4, Cl 3A
7.500%, 07/25/2034		128		138
WaMu Mortgage Pass-Through Certificates, Ser 2005-AR13, Cl A1A3
2.017%, VAR ICE LIBOR USD 1 Month+0.780%, 10/25/2045		615		644
Wells Fargo Commercial Mortgage Trust, Ser 2016-C35, Cl C
4.176%, 07/15/2048 (D)		330		334
Wells Fargo Commercial Mortgage Trust, Ser 2016-C36, Cl A4
3.065%, 11/15/2059		530		528


SEI Institutional Managed Trust / Annual Report / September 30, 2017		157

SCHEDULE OF INVESTMENTS

September 30, 2017

U.S. Fixed Income Fund (Continued)



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
Wells Fargo Commercial Mortgage Trust, Ser 2016-C36, Cl XA
1.507%, 11/15/2059 (D)	$	5,718	$	497
Wells Fargo Mortgage-Backed Securities Trust, Ser 2004-E, Cl A2
3.318%, 05/25/2034 (D)		1		1
Wells Fargo Mortgage-Backed Securities Trust, Ser 2004-EE, Cl 2A1
3.328%, 12/25/2034 (D)		56		57
Wells Fargo Mortgage-Backed Securities Trust, Ser 2004-H, Cl 1A1
3.354%, 06/25/2034 (D)		121		123
Wells Fargo Mortgage-Backed Securities Trust, Ser 2004-I, Cl 1A1
3.336%, 07/25/2034 (D)		76		78
Wells Fargo Mortgage-Backed Securities Trust, Ser 2005-AR8, Cl 2A1
3.369%, 06/25/2035 (D)		58		59
Wells Fargo Mortgage-Backed Securities Trust, Ser 2006-AR8, Cl 3A1
3.172%, 04/25/2036 (D)		549		578
WFRBS Commercial Mortgage Trust, Ser 2012-C7, Cl XA, IO
1.603%, 06/15/2045 (D)(E)		347		18
WFRBS Commercial Mortgage Trust, Ser 2013-C13, Cl XA, IO
1.489%, 05/15/2045 (D)(E)		1,077		54
WFRBS Commercial Mortgage Trust, Ser 2014-C20, Cl XA, IO
1.302%, 01/15/2024		3,027		150
WFRBS Commercial Mortgage Trust, Ser 2014-C21, Cl B
4.213%, 08/15/2047 (D)		300		309


				69,812

Total Mortgage-Backed Securities (Cost $580,798) ($ Thousands)				581,024


CORPORATE OBLIGATIONS — 27.2%

Consumer Discretionary — 2.0%
21st Century Fox America
7.250%, 05/18/2018		1,020		1,054
6.900%, 08/15/2039		10		13
6.750%, 01/09/2038		20		26
6.650%, 11/15/2037 (C)		25		33
6.150%, 03/01/2037		20		25
6.150%, 02/15/2041		15		19
Amazon.com
4.950%, 12/05/2044		140		162
4.250%, 08/22/2057 (E)		135		138
4.050%, 08/22/2047 (E)		475		484



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
3.875%, 08/22/2037 (E)	$	240	$	244
3.150%, 08/22/2027 (C)(E)		1,203		1,212
2.800%, 08/22/2024 (E)		1,355		1,360
2.400%, 02/22/2023 (E)		873		871
1.900%, 08/21/2020 (C)(E)		817		819
American Honda Finance MTN
3.875%, 09/21/2020 (E)		495		521
AutoZone
3.750%, 06/01/2027		505		510
BMW US Capital
2.150%, 04/06/2020 (E)		635		639
CBS
3.375%, 02/15/2028		385		374
2.500%, 02/15/2023 (C)		780		769
Charter Communications Operating
6.484%, 10/23/2045		250		293
6.384%, 10/23/2035		10		12
5.375%, 05/01/2047 (E)		614		638
4.908%, 07/23/2025		720		770
4.464%, 07/23/2022		810		857
4.200%, 03/15/2028 (E)		370		374
3.750%, 02/15/2028 (E)		305		299
Comcast
7.050%, 03/15/2033		90		123
4.400%, 08/15/2035		875		949
4.200%, 08/15/2034		20		21
4.000%, 08/15/2047		135		137
3.150%, 02/15/2028		1,016		1,012
2.350%, 01/15/2027		325		304
Comcast Cable Communications Holdings
10.125%, 04/15/2022		45		58
9.455%, 11/15/2022		180		239
Daimler Finance North America
2.375%, 08/01/2018 (E)		990		995
2.300%, 01/06/2020 (E)		690		693
Discovery Communications
5.200%, 09/20/2047		158		160
4.950%, 05/15/2042		135		134
4.875%, 04/01/2043		270		263
3.950%, 03/20/2028		257		255
ERAC USA Finance
4.500%, 02/15/2045 (E)		115		114
3.300%, 12/01/2026 (E)		572		561
2.700%, 11/01/2023 (E)		160		157
Ford Motor
5.291%, 12/08/2046 (C)		540		563
Ford Motor Credit
5.875%, 08/02/2021		350		389
3.810%, 01/09/2024		335		342
3.339%, 03/28/2022		610		620
2.979%, 08/03/2022		1,135		1,130
2.597%, 11/04/2019		700		706


158		SEI Institutional Managed Trust / Annual Report / September 30, 2017



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
2.551%, 10/05/2018	$	750	$	755
Ford Motor Credit LLC
2.375%, 03/12/2019		200		201
General Motors
6.250%, 10/02/2043		160		183
5.400%, 04/01/2048 (C)		249		258
5.150%, 04/01/2038		475		487
4.875%, 10/02/2023		315		341
4.200%, 10/01/2027		226		229
2.112%, VAR ICE LIBOR USD 3 Month+0.800%, 08/07/2020		1,000		1,001
General Motors Financial
4.350%, 01/17/2027 (C)		1,010		1,038
3.450%, 04/10/2022		30		30
3.200%, 07/13/2020		118		121
Grupo Televisa
5.000%, 05/13/2045		225		226
Historic TW
6.625%, 05/15/2029		122		152
Home Depot
4.250%, 04/01/2046		48		52
3.750%, 02/15/2024		66		70
Hyundai Capital America MTN
3.250%, 09/20/2022 (C)(E)		452		451
2.400%, 10/30/2018 (E)		38		38
McDonald’s MTN
5.350%, 03/01/2018		100		101
4.875%, 12/09/2045		539		607
3.700%, 01/30/2026		140		146
3.500%, 03/01/2027		120		123
2.750%, 12/09/2020		305		311
NBCUniversal Enterprise
1.974%, 04/15/2019 (E)		200		201
NBCUniversal Media
5.950%, 04/01/2041		50		64
4.450%, 01/15/2043		90		96
Newell Brands
4.200%, 04/01/2026		120		126
3.850%, 04/01/2023		130		137
3.150%, 04/01/2021		60		61
QVC
5.950%, 03/15/2043		10		10
Time Warner
7.570%, 02/01/2024		30		37
5.375%, 10/15/2041		302		326
4.850%, 07/15/2045		55		56
3.800%, 02/15/2027		1,440		1,440
3.550%, 06/01/2024		385		392
Time Warner Cable
8.250%, 04/01/2019		200		217
7.300%, 07/01/2038		110		138
6.750%, 07/01/2018		40		41



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
6.550%, 05/01/2037	$	245	$	288
5.875%, 11/15/2040		130		143
5.500%, 09/01/2041		44		46
5.000%, 02/01/2020		320		338
TJX
2.250%, 09/15/2026		120		112
Toyota Motor Credit MTN
2.600%, 01/11/2022		860		870
2.100%, 01/17/2019		174		175
1.250%, 10/05/2017		250		250
Viacom
4.850%, 12/15/2034 (C)		307		289
4.375%, 03/15/2043		150		129
4.250%, 09/01/2023		30		31
3.875%, 04/01/2024		30		30
WPP Finance
5.125%, 09/07/2042		60		62


				35,467


Consumer Staples — 2.2%
Alimentation Couche-Tard
3.550%, 07/26/2027 (C)(E)		1,130		1,139
2.700%, 07/26/2022 (E)		805		808
Altria Group
4.750%, 05/05/2021		180		195
2.850%, 08/09/2022		190		194
Anheuser-Busch InBev Finance
4.900%, 02/01/2046 (C)		2,036		2,300
3.650%, 02/01/2026		982		1,016
3.300%, 02/01/2023 (C)		1,903		1,973
2.650%, 02/01/2021		1,435		1,458
Anheuser-Busch InBev Worldwide
7.750%, 01/15/2019		18		19
3.750%, 07/15/2042		230		221
2.500%, 07/15/2022		420		424
BAT Capital
4.540%, 08/15/2047 (E)		540		556
3.557%, 08/15/2027 (E)		1,189		1,201
3.222%, 08/15/2024 (E)		478		479
2.764%, 08/15/2022 (E)		1,694		1,703
2.297%, 08/14/2020 (E)		358		359
Church & Dwight
3.950%, 08/01/2047		180		178
3.150%, 08/01/2027		297		294
2.450%, 08/01/2022		180		180
Coca-Cola Femsa
2.375%, 11/26/2018		324		326
Costco Wholesale
3.000%, 05/18/2027		870		872
2.750%, 05/18/2024		755		757
2.300%, 05/18/2022		865		866
2.250%, 02/15/2022		56		56


SEI Institutional Managed Trust / Annual Report / September 30, 2017		159

SCHEDULE OF INVESTMENTS

September 30, 2017

U.S. Fixed Income Fund (Continued)



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
CVS Caremark
2.750%, 12/01/2022	$	510	$	511
CVS Health
5.125%, 07/20/2045 (C)		535		615
3.875%, 07/20/2025		249		260
3.500%, 07/20/2022		110		114
CVS Pass-Through Trust
5.926%, 01/10/2034 (E)		83		94
Danone
2.947%, 11/02/2026 (E)		500		485
2.589%, 11/02/2023 (E)		330		324
2.077%, 11/02/2021 (E)		230		226
Diageo Investment
2.875%, 05/11/2022		580		595
Kraft Heinz Foods
6.875%, 01/26/2039		49		63
6.500%, 02/09/2040		140		175
6.125%, 08/23/2018		225		234
5.375%, 02/10/2020		16		17
5.200%, 07/15/2045		450		493
5.000%, 07/15/2035		70		76
5.000%, 06/04/2042		65		69
4.375%, 06/01/2046		840		829
3.950%, 07/15/2025		370		381
3.500%, 06/06/2022		620		642
3.500%, 07/15/2022		645		668
3.000%, 06/01/2026 (C)		725		695
2.800%, 07/02/2020		940		957
Kroger
2.950%, 11/01/2021		525		530
Mondelez International Holdings Netherlands BV
2.000%, 10/28/2021 (E)		2,105		2,067
1.625%, 10/28/2019 (E)		1,395		1,384
PepsiCo
4.250%, 10/22/2044		100		107
4.000%, 03/05/2042		50		52
3.100%, 07/17/2022		59		61
3.000%, 08/25/2021		31		32
Pernod Ricard
4.450%, 01/15/2022 (E)		370		396
Philip Morris International
4.500%, 03/20/2042		70		76
2.500%, 08/22/2022		250		250
2.000%, 02/21/2020		1,280		1,281
Reckitt Benckiser Treasury Services
2.750%, 06/26/2024 (E)		1,430		1,420
Reynolds American
8.125%, 06/23/2019		370		408
5.850%, 08/15/2045		745		912
3.250%, 06/12/2020		54		55



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Walgreens Boots Alliance
4.800%, 11/18/2044	$	630	$	669
3.450%, 06/01/2026		445		444
3.300%, 11/18/2021		647		668
Wal-Mart Stores
5.625%, 04/15/2041		320		415
4.750%, 10/02/2043		200		233
4.300%, 04/22/2044		1,240		1,366
3.300%, 04/22/2024 (C)		60		63
Wm Wrigley Jr
2.900%, 10/21/2019 (E)		190		193
2.400%, 10/21/2018 (E)		40		40


				39,219


Energy — 2.7%
Anadarko Finance, Ser B
7.500%, 05/01/2031		60		75
Anadarko Petroleum
6.600%, 03/15/2046		310		384
6.450%, 09/15/2036		110		130
5.550%, 03/15/2026 (C)		656		733
4.850%, 03/15/2021		270		286
4.500%, 07/15/2044 (C)		360		343
Apache
5.100%, 09/01/2040		120		125
4.750%, 04/15/2043		300		300
4.250%, 01/15/2044 (C)		445		418
3.250%, 04/15/2022		109		111
BG Energy Capital PLC
4.000%, 10/15/2021 (E)		575		607
BP Capital Markets PLC
3.994%, 09/26/2023 (C)		95		101
3.723%, 11/28/2028		100		103
3.588%, 04/14/2027		765		787
3.506%, 03/17/2025		90		93
3.245%, 05/06/2022		90		93
3.216%, 11/28/2023		1,455		1,491
3.119%, 05/04/2026		130		130
Canadian Natural Resources
6.450%, 06/30/2033		50		59
3.850%, 06/01/2027		195		197
Chevron
3.191%, 06/24/2023		22		23
2.954%, 05/16/2026		280		279
2.895%, 03/03/2024		1,280		1,298
2.355%, 12/05/2022		15		15
Cimarex Energy
4.375%, 06/01/2024		435		460
CNOOC Nexen Finance
4.250%, 04/30/2024		200		213
3.500%, 05/05/2025		840		853


160		SEI Institutional Managed Trust / Annual Report / September 30, 2017


Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Concho Resources
4.875%, 10/01/2047	$	190	$	198
3.750%, 10/01/2027		412		414
Conoco Funding
7.250%, 10/15/2031		130		175
ConocoPhillips
4.150%, 11/15/2034		460		475
Devon Energy
5.850%, 12/15/2025		450		519
5.600%, 07/15/2041		110		120
5.000%, 06/15/2045		190		200
4.750%, 05/15/2042		17		17
3.250%, 05/15/2022		137		139
Devon Financing LLC
7.875%, 09/30/2031		40		53
Ecopetrol
5.875%, 05/28/2045		1,030		1,007
4.125%, 01/16/2025		203		203
Enbridge
3.700%, 07/15/2027		385		391
2.900%, 07/15/2022		566		569
Enbridge Energy Partners
7.375%, 10/15/2045		165		213
5.875%, 10/15/2025		200		228
5.500%, 09/15/2040		275		287
Encana
6.500%, 02/01/2038		370		438
Energy Transfer
8.250%, 11/15/2029		675		874
6.125%, 12/15/2045		409		449
5.150%, 03/15/2045		14		14
Energy Transfer Partners
2.500%, 06/15/2018		475		477
Enterprise Products Operating
5.700%, 02/15/2042		40		48
EOG Resources
4.150%, 01/15/2026		90		95
ExxonMobil
4.114%, 03/01/2046		160		173
3.043%, 03/01/2026		200		203
2.397%, 03/06/2022		100		101
Florida Gas Transmission
7.900%, 05/15/2019 (E)		350		380
Halliburton
5.000%, 11/15/2045		461		506
3.800%, 11/15/2025		190		195
3.500%, 08/01/2023		50		51
Hess
5.800%, 04/01/2047		120		123
KazMunayGas National JSC
5.750%, 04/19/2047 (E)		340		335


Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Kerr-McGee
7.875%, 09/15/2031	$	100	$	127
6.950%, 07/01/2024		298		354
Kinder Morgan
5.550%, 06/01/2045		255		275
5.000%, 02/15/2021 (E)		965		1,035
4.300%, 06/01/2025		1,485		1,556
3.150%, 01/15/2023 (C)		905		910
Kinder Morgan Energy Partners
5.400%, 09/01/2044		250		260
3.500%, 09/01/2023		45		45
Marathon Oil
6.600%, 10/01/2037 (C)		199		230
Marathon Petroleum
5.000%, 09/15/2054		275		266
4.750%, 09/15/2044 (C)		125		124
Noble Energy
5.250%, 11/15/2043		80		84
5.050%, 11/15/2044		29		30
4.950%, 08/15/2047		90		92
4.150%, 12/15/2021		230		242
3.900%, 11/15/2024		150		154
3.850%, 01/15/2028		170		170
Occidental Petroleum
4.625%, 06/15/2045		130		142
4.400%, 04/15/2046		50		53
4.100%, 02/15/2047		160		165
3.500%, 06/15/2025		45		46
3.000%, 02/15/2027		120		118
2.700%, 02/15/2023		129		130
Pertamina Persero
6.000%, 05/03/2042 (E)		300		338
Petrobras Global Finance
6.850%, 06/05/2115		200		191
6.250%, 03/17/2024		310		331
5.299%, 01/27/2025 (E)		1,126		1,124
Petro-Canada
6.800%, 05/15/2038		380		509
Petrofac
3.400%, 10/10/2018 (E)		250		248
Petroleos del Peru
4.750%, 06/19/2032 (E)		850		874
Petroleos Mexicanos
6.625%, 06/15/2035		40		43
6.500%, 03/13/2027 (E)		335		371
6.375%, 01/23/2045		500		509
5.625%, 01/23/2046 (C)		922		858
5.500%, 06/27/2044		30		28
4.875%, 01/18/2024		32		33
2.460%, 12/15/2025		565		568
2.378%, 04/15/2025		284		286


SEI Institutional Managed Trust / Annual Report / September 30, 2017		161

SCHEDULE OF INVESTMENTS

September 30, 2017

U.S. Fixed Income Fund (Continued)



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Petroleos Mexicanos MTN
6.875%, 08/04/2026	$	120	$	137
6.750%, 09/21/2047 (C)(E)		335		356
6.500%, 03/13/2027 (E)		455		504
Phillips 66
5.875%, 05/01/2042		35		43
Phillips 66 Partners
4.900%, 10/01/2046		405		405
Plains All American Pipeline
4.650%, 10/15/2025		500		515
4.500%, 12/15/2026		115		117
Sabine Pass Liquefaction
5.875%, 06/30/2026		245		273
5.625%, 03/01/2025		500		552
5.000%, 03/15/2027		471		502
4.200%, 03/15/2028		95		96
Schlumberger
3.000%, 12/21/2020 (E)		1,000		1,024
Schlumberger Holdings
4.000%, 12/21/2025 (E)		120		126
Schlumberger Investment
3.650%, 12/01/2023		61		65
3.300%, 09/14/2021 (E)		47		48
Shell International Finance
4.550%, 08/12/2043		80		87
4.375%, 03/25/2020		140		149
4.375%, 05/11/2045 (C)		515		552
4.125%, 05/11/2035		841		888
4.000%, 05/10/2046 (C)		440		445
3.400%, 08/12/2023		930		975
2.875%, 05/10/2026		200		199
2.125%, 05/11/2020		56		56
Sinopec Group Overseas Development
4.375%, 04/10/2024 (E)		380		408
Spectra Energy Partners
5.950%, 09/25/2043		30		36
3.500%, 03/15/2025		400		403
Statoil
5.250%, 04/15/2019		140		148
3.700%, 03/01/2024		210		221
Suncor Energy
3.600%, 12/01/2024		340		351
Sunoco Logistics Partners Operations
5.400%, 10/01/2047		743		756
TC PipeLines
3.900%, 05/25/2027		370		371
Texas Eastern Transmission
2.800%, 10/15/2022 (E)		402		396
Total Capital International
2.875%, 02/17/2022		815		832
TransCanada Pipelines
4.625%, 03/01/2034		470		514



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Transcontinental Gas Pipe Line
7.850%, 02/01/2026	$	480	$	620
Western Gas Partners
5.375%, 06/01/2021		25		27
4.650%, 07/01/2026		40		42
4.000%, 07/01/2022		35		36
Williams
7.875%, 09/01/2021		260		306
Williams Partners
5.100%, 09/15/2045		300		315
3.750%, 06/15/2027		515		514
3.600%, 03/15/2022		1,200		1,240


				47,946


Financials — 9.1%
AIG Global Funding MTN
1.650%, 12/15/2017 (E)		42		42
American Express
7.000%, 03/19/2018		1,170		1,199
2.500%, 08/01/2022		995		994
American Express Credit MTN
2.375%, 05/26/2020 (C)		64		65
2.250%, 08/15/2019		1,135		1,144
1.875%, 11/05/2018		44		44
1.800%, 07/31/2018		65		65
American International Group
6.250%, 05/01/2036		370		473
4.375%, 01/15/2055		90		87
4.125%, 02/15/2024		107		114
3.900%, 04/01/2026		615		640
3.875%, 01/15/2035		30		29
Aon
6.250%, 09/30/2040		19		24
3.500%, 06/14/2024		65		67
Banco Santander
4.250%, 04/11/2027		335		348
3.500%, 04/11/2022		450		461
Bank of America
7.625%, 06/01/2019		500		546
5.750%, 12/01/2017		70		70
5.700%, 01/24/2022		5		6
Bank of America MTN
6.875%, 04/25/2018		2,250		2,315
5.650%, 05/01/2018		2,780		2,843
5.625%, 07/01/2020		30		33
5.000%, 05/13/2021		180		196
5.000%, 01/21/2044		240		278
4.450%, 03/03/2026		664		702
4.244%, VAR ICE LIBOR USD 3 Month+1.814%, 04/24/2038 (C)		515		544
4.200%, 08/26/2024		700		736
4.125%, 01/22/2024		290		309


162		SEI Institutional Managed Trust / Annual Report / September 30, 2017



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
4.100%, 07/24/2023	$	340	$	362
4.000%, 04/01/2024		290		306
4.000%, 01/22/2025		683		707
3.875%, 08/01/2025		190		199
3.824%, VAR ICE LIBOR USD 3 Month+1.575%, 01/20/2028		1,016		1,045
3.705%, VAR ICE LIBOR USD 3 Month+1.512%, 04/24/2028 (C)		1,985		2,016
3.593%, VAR ICE LIBOR USD 3 Month+1.370%, 07/21/2028		270		273
3.500%, 04/19/2026 (C)		1,244		1,265
3.300%, 01/11/2023		1,835		1,880
3.093%, VAR ICE LIBOR USD 3 Month+1.090%, 10/01/2025		1,215		1,214
2.600%, 01/15/2019		160		161
2.503%, 10/21/2022		1,210		1,199
2.369%, VAR ICE LIBOR USD 3 Month+0.660%, 07/21/2021		1,180		1,180
2.250%, 04/21/2020		100		100
Bank of Montreal MTN
2.375%, 01/25/2019		55		55
Bank of New York Mellon
3.550%, 09/23/2021		34		35
3.400%, 05/15/2024		1,175		1,215
Bank of New York Mellon MTN
4.600%, 01/15/2020		40		43
3.250%, 09/11/2024		100		102
3.250%, 05/16/2027 (C)		752		763
2.500%, 04/15/2021		327		330
2.200%, 03/04/2019		425		427
Bank of Nova Scotia
1.850%, 04/14/2020		160		159
Bank of Tokyo-Mitsubishi
4.100%, 09/09/2023 (E)		200		213
BB&T
5.250%, 11/01/2019		200		213
Bear Stearns
7.250%, 02/01/2018		2,500		2,547
6.400%, 10/02/2017		500		500
Berkshire Hathaway
3.750%, 08/15/2021		500		530
3.400%, 01/31/2022		65		68
Berkshire Hathaway Finance
5.400%, 05/15/2018		110		113
4.400%, 05/15/2042		316		347
BNP Paribas MTN
2.700%, 08/20/2018		380		383
BPCE
5.150%, 07/21/2024 (E)		200		216
Brighthouse Financial
4.700%, 06/22/2047 (E)		230		225
3.700%, 06/22/2027 (C)(E)		860		844



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Capital One
2.650%, 08/08/2022	$	1,027	$	1,022
Capital One Financial
4.750%, 07/15/2021		50		54
4.200%, 10/29/2025		164		168
3.750%, 03/09/2027 (C)		230		233
Chubb INA Holdings
4.350%, 11/03/2045 (C)		370		407
3.350%, 05/03/2026		30		31
3.150%, 03/15/2025		74		75
2.875%, 11/03/2022		39		40
2.300%, 11/03/2020		50		50
Citibank
2.100%, 06/12/2020		2,110		2,114
Citigroup
8.125%, 07/15/2039		370		585
6.125%, 11/21/2017		1,095		1,102
6.125%, 05/15/2018		3,150		3,233
5.500%, 09/13/2025		200		224
5.300%, 05/06/2044		47		55
4.750%, 05/18/2046		30		33
4.650%, 07/30/2045		336		372
4.500%, 01/14/2022		380		409
4.450%, 09/29/2027		1,385		1,462
4.400%, 06/10/2025		270		284
4.300%, 11/20/2026		60		62
3.887%, VAR ICE LIBOR USD 3 Month+1.563%, 01/10/2028		69		71
3.700%, 01/12/2026		595		610
3.668%, VAR ICE LIBOR USD 3 Month+1.390%, 07/24/2028 (C)		1,000		1,010
3.500%, 05/15/2023		130		132
3.400%, 05/01/2026		260		261
3.300%, 04/27/2025		120		121
3.200%, 10/21/2026		920		905
2.150%, 07/30/2018		71		71
1.867%, VAR ICE LIBOR USD 3 Month+0.550%, 08/25/2036		600		500
1.800%, 02/05/2018		1,000		1,000
1.700%, 04/27/2018		160		160
CME Group
3.000%, 03/15/2025		51		52
Commonwealth Bank of Australia MTN
3.900%, 07/12/2047 (E)		290		291
Cooperatieve Rabobank UA
4.625%, 12/01/2023		530		570
4.375%, 08/04/2025		1,000		1,050
Cooperatieve Rabobank UA MTN
3.875%, 02/08/2022		30		32
Credit Agricole
8.375%, VAR ICE LIBOR USD 3 Month+6.982%, 12/31/2049 (E)		170		188


SEI Institutional Managed Trust / Annual Report / September 30, 2017		163

SCHEDULE OF INVESTMENTS

September 30, 2017

U.S. Fixed Income Fund (Continued)



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Credit Suisse Group
2.997%, VAR ICE LIBOR USD 3 Month+1.200%, 12/14/2023 (E)	$	1,020	$	1,017
Credit Suisse Group Funding Guernsey
4.875%, 05/15/2045		1,280		1,431
4.550%, 04/17/2026 (C)		635		681
3.800%, 09/15/2022		295		306
3.800%, 06/09/2023 (C)		290		300
Discover Bank
2.000%, 02/21/2018		1,000		1,002
DNB Bank
2.125%, 10/02/2020 (E)		1,210		1,209
Farmers Exchange Capital
7.200%, 07/15/2048 (E)		1,021		1,328
Fifth Third Bancorp
2.300%, 03/01/2019		30		30
Fifth Third Bank
2.875%, 10/01/2021		200		204
Goldman Sachs Group
6.750%, 10/01/2037		794		1,047
6.250%, 02/01/2041		300		396
6.150%, 04/01/2018		1,750		1,788
5.950%, 01/18/2018		1,250		1,266
5.750%, 01/24/2022		300		336
5.250%, 07/27/2021		400		440
5.150%, 05/22/2045		360		412
4.750%, 10/21/2045		530		589
4.250%, 10/21/2025		600		626
3.750%, 02/25/2026		340		348
3.500%, 11/16/2026		721		723
3.272%, VAR ICE LIBOR USD 3 Month+1.201%, 09/29/2025		2,915		2,919
2.900%, 07/19/2018		220		222
2.750%, 09/15/2020 (C)		600		608
2.375%, 01/22/2018		520		521
Goldman Sachs Group MTN
7.500%, 02/15/2019		1,315		1,412
6.000%, 06/15/2020		880		966
5.375%, 03/15/2020		950		1,021
4.000%, 03/03/2024		200		211
3.850%, 07/08/2024		121		126
2.905%, VAR ICE LIBOR USD 3 Month+0.990%, 07/24/2023		1,210		1,211
Goodman US Finance Three
4.500%, 10/15/2037 (E)		135		137
Guardian Life Global Funding
1.950%, 10/27/2021 (E)		780		766
Guardian Life Global Funding MTN
2.000%, 04/26/2021 (E)		700		691
Guardian Life Insurance of America
4.850%, 01/24/2077 (C)(E)		42		45



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
HBOS PLC MTN
6.750%, 05/21/2018 (E)	$	200	$	206
HSBC Bank PLC
4.125%, 08/12/2020 (E)		100		105
HSBC Finance
6.676%, 01/15/2021		246		278
HSBC Holdings PLC
4.875%, 01/14/2022		100		109
4.375%, 11/23/2026		700		730
4.300%, 03/08/2026		1,055		1,133
4.250%, 03/14/2024		370		387
4.250%, 08/18/2025		250		259
4.041%, VAR ICE LIBOR USD 3 Month+1.546%, 03/13/2028		385		402
4.000%, 03/30/2022		206		218
3.400%, 03/08/2021		890		918
3.262%, VAR ICE LIBOR USD 3 Month+1.055%, 03/13/2023 (C)		1,155		1,179
2.650%, 01/05/2022		1,330		1,335
HSBC USA
2.350%, 03/05/2020		100		101
ING Bank
5.800%, 09/25/2023 (E)		430		491
ING Groep
3.950%, 03/29/2027 (C)		490		510
3.150%, 03/29/2022		565		576
Intercontinental Exchange
4.000%, 10/15/2023		65		70
2.500%, 10/15/2018		85		86
International Lease Finance
7.125%, 09/01/2018 (E)		1,000		1,047
Intesa Sanpaolo
3.875%, 07/14/2027 (E)		985		989
3.125%, 07/14/2022 (E)		990		992
Intesa Sanpaolo MTN
5.017%, 06/26/2024 (E)		510		519
JPMorgan Chase
6.000%, 01/15/2018		1,500		1,519
4.950%, 06/01/2045		30		34
4.500%, 01/24/2022		660		715
4.260%, VAR ICE LIBOR USD 3 Month+1.580%, 02/22/2048		665		698
4.250%, 10/01/2027		590		622
4.125%, 12/15/2026		520		542
4.032%, VAR ICE LIBOR USD 3 Month+1.460%, 07/24/2048		795		808
3.900%, 07/15/2025		805		848
3.882%, VAR ICE LIBOR USD 3 Month+1.360%, 07/24/2038		855		862
3.875%, 09/10/2024		520		541
3.625%, 05/13/2024		230		240
3.625%, 12/01/2027		360		361


164		SEI Institutional Managed Trust / Annual Report / September 30, 2017



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
3.540%, VAR ICE LIBOR USD 3 Month+1.380%, 05/01/2028 (C)	$	1,000	$	1,009
3.250%, 09/23/2022		240		248
3.220%, VAR ICE LIBOR USD 3 Month+1.155%, 03/01/2025		2,000		2,032
3.200%, 01/25/2023		100		103
2.972%, 01/15/2023 (C)		1,220		1,239
2.950%, 10/01/2026		1,310		1,282
2.776%, VAR ICE LIBOR USD 3 Month+0.935%, 04/25/2023		325		327
2.700%, 05/18/2023		1,285		1,285
2.250%, 01/23/2020		905		910
JPMorgan Chase MTN
2.295%, 08/15/2021 (C)		1,070		1,069
JPMorgan Chase Bank
6.000%, 10/01/2017		2,427		2,427
Kemper
4.350%, 02/15/2025 (C)		590		598
KKR Group Finance II
5.500%, 02/01/2043 (E)		20		23
Lazard Group LLC
3.750%, 02/13/2025		760		775
Liberty Mutual Insurance
8.500%, 05/15/2025 (E)		100		130
Lloyds Banking Group
3.100%, 07/06/2021		490		498
Lloyds TSB Bank MTN
5.800%, 01/13/2020 (E)		310		335
Macquarie Group
6.250%, 01/14/2021 (E)		166		185
Massachusetts Mutual Life Insurance
8.875%, 06/01/2039 (E)		89		144
MetLife
6.400%, 12/15/2036		915		1,055
5.700%, 06/15/2035		15		18
Metropolitan Life Global Funding
3.450%, 12/18/2026 (E)		1,225		1,260
1.950%, 09/15/2021 (E)		380		374
1.500%, 01/10/2018 (E)		313		313
Mizuho Bank
1.800%, 03/26/2018 (E)		200		200
Morgan Stanley
4.375%, 01/22/2047		120		128
3.625%, 01/20/2027 (C)		789		800
2.109%, VAR ICE LIBOR USD 3 Month+0.800%, 02/14/2020		2,250		2,261
Morgan Stanley MTN
7.300%, 05/13/2019		420		455
6.625%, 04/01/2018		3,300		3,381
5.950%, 12/28/2017		200		202
5.625%, 09/23/2019		350		374
4.350%, 09/08/2026		43		45



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
3.971%, VAR ICE LIBOR USD 3 Month+1.455%, 07/22/2038	$	455	$	457
3.125%, 07/27/2026		55		54
2.750%, 05/19/2022 (C)		1,580		1,589
2.625%, 11/17/2021		2,649		2,658
2.500%, 04/21/2021		450		451
2.243%, VAR ICE LIBOR USD 3 Month+0.930%, 07/22/2022		1,000		1,004
National City
6.875%, 05/15/2019		50		54
Nationwide Mutual Insurance
3.610%, VAR ICE LIBOR USD 3 Month+2.290%, 12/15/2024 (E)		760		759
New York Life Global Funding
2.150%, 06/18/2019 (E)		73		73
New York Life Global Funding MTN
2.100%, 01/02/2019 (E)		330		332
New York Life Insurance
6.750%, 11/15/2039 (E)		255		355
Nippon Life Insurance
4.000%, VAR USD ICE Swap 11:00 NY 5 Yr+2.880%, 09/19/2047 (C)(E)		565		559
Nordea Bank
4.875%, 05/13/2021 (E)		250		268
Nordea Bank MTN
1.625%, 05/15/2018 (E)		220		220
Northwestern Mutual Life Insurance
6.063%, 03/30/2040 (E)		680		895
3.850%, 09/30/2047 (E)		500		494
Pipeline Funding
7.500%, 01/15/2030 (E)		434		513
PNC Bank
2.550%, 12/09/2021		780		787
2.250%, 07/02/2019		325		327
PNC Bank MTN
2.400%, 10/18/2019		400		404
Pricoa Global Funding MTN
1.600%, 05/29/2018 (E)		150		150
Protective Life Global Funding
1.722%, 04/15/2019 (E)		870		867
Prudential Financial MTN
5.625%, 05/12/2041		10		12
Royal Bank of Canada
2.000%, 10/01/2018		183		183
1.875%, 02/05/2020		180		180
Santander UK Group Holdings
2.875%, 08/05/2021		200		201
Standard Chartered
5.700%, 03/26/2044 (E)		600		705
State Street
4.956%, 03/15/2018		270		274
3.700%, 11/20/2023		138		147


SEI Institutional Managed Trust / Annual Report / September 30, 2017		165

SCHEDULE OF INVESTMENTS

September 30, 2017

U.S. Fixed Income Fund (Continued)



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
3.300%, 12/16/2024	$	70	$	72
Teachers Insurance & Annuity Association of America
6.850%, 12/16/2039 (E)		14		19
4.900%, 09/15/2044 (E)		440		497
4.270%, 05/15/2047 (E)		145		150
Toronto-Dominion Bank MTN
1.750%, 07/23/2018		72		72
UBS MTN
1.800%, 03/26/2018		445		446
UBS Group Funding Switzerland
4.253%, 03/23/2028 (E)		410		430
3.491%, 05/23/2023 (E)		1,460		1,495
2.650%, 02/01/2022 (C)(E)		1,045		1,041
US Bancorp MTN
3.150%, 04/27/2027		286		288
2.950%, 07/15/2022		25		25
US Bank
2.125%, 10/28/2019		260		262
Wachovia MTN
5.750%, 02/01/2018		3,140		3,183
Wachovia Capital Trust III
5.570%, VAR ICE LIBOR USD 3 Month+0.930%, 12/31/2049		450		451
WEA Finance
3.750%, 09/17/2024 (E)		210		214
3.150%, 04/05/2022 (E)		630		637
Wells Fargo
3.000%, 04/22/2026		920		904
3.000%, 10/23/2026		930		909
2.100%, 07/26/2021		1,550		1,537
Wells Fargo MTN
4.900%, 11/17/2045		384		428
4.750%, 12/07/2046		200		220
4.650%, 11/04/2044		1		1
4.400%, 06/14/2046		550		571
4.300%, 07/22/2027 (C)		1,010		1,068
4.125%, 08/15/2023		900		953
3.500%, 03/08/2022		430		447
3.450%, 02/13/2023		230		236
3.000%, 01/22/2021		575		588
2.625%, 07/22/2022		1,680		1,683
2.550%, 12/07/2020 (C)		46		46
2.150%, 01/30/2020		70		70
Wells Fargo Bank MTN
2.150%, 12/06/2019		1,125		1,131
1.650%, 01/22/2018		585		585
Westpac Banking
4.875%, 11/19/2019		170		180


				162,709



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)

Health Care — 2.8%
Abbott Laboratories
4.900%, 11/30/2046	$	320	$	357
4.750%, 11/30/2036		90		99
3.750%, 11/30/2026		2,290		2,350
3.400%, 11/30/2023		2,165		2,233
AbbVie
4.500%, 05/14/2035		615		662
4.450%, 05/14/2046		615		647
3.600%, 05/14/2025		520		539
3.200%, 11/06/2022 (C)		44		45
3.200%, 05/14/2026 (C)		415		416
2.900%, 11/06/2022 (C)		230		233
2.500%, 05/14/2020		910		921
1.800%, 05/14/2018		500		501
Actavis
3.250%, 10/01/2022 (C)		13		13
Aetna
3.875%, 08/15/2047		90		91
2.800%, 06/15/2023		1,800		1,811
2.200%, 03/15/2019		180		181
Allergan Funding SCS
4.750%, 03/15/2045		14		15
4.550%, 03/15/2035		280		299
3.800%, 03/15/2025		1,140		1,184
3.450%, 03/15/2022		395		410
2.350%, 03/12/2018		500		501
Amgen
5.150%, 11/15/2041		760		869
4.663%, 06/15/2051		1,158		1,270
4.400%, 05/01/2045		512		542
3.875%, 11/15/2021		150		159
3.625%, 05/22/2024		30		31
2.125%, 05/01/2020		22		22
Anthem
4.625%, 05/15/2042		41		44
3.500%, 08/15/2024		90		93
3.125%, 05/15/2022		468		478
2.300%, 07/15/2018		65		65
1.875%, 01/15/2018		1,100		1,101
AstraZeneca
3.375%, 11/16/2025		500		508
Baxalta
3.600%, 06/23/2022		912		945
2.875%, 06/23/2020		500		507
Baylor Scott & White Holdings
4.185%, 11/15/2045 (C)		1,000		1,052
Becton Dickinson
4.685%, 12/15/2044 (C)		550		581
3.734%, 12/15/2024		70		72
3.700%, 06/06/2027 (C)		525		531
3.363%, 06/06/2024		975		984


166		SEI Institutional Managed Trust / Annual Report / September 30, 2017



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
2.894%, 06/06/2022	$	665	$	667
2.404%, 06/05/2020		790		793
Biogen
3.625%, 09/15/2022		170		179
Cardinal Health
3.079%, 06/15/2024		130		131
2.616%, 06/15/2022		100		100
Celgene
5.250%, 08/15/2043		40		46
5.000%, 08/15/2045		1,347		1,523
3.875%, 08/15/2025		260		274
3.625%, 05/15/2024		69		72
3.550%, 08/15/2022		60		63
Cigna
3.050%, 10/15/2027		740		730
Eli Lilly
3.950%, 05/15/2047		195		202
3.100%, 05/15/2027		435		438
2.350%, 05/15/2022 (C)		215		215
EMD Finance
2.400%, 03/19/2020 (E)		950		957
Forest Laboratories
5.000%, 12/15/2021 (E)		35		38
Fresenius Medical Care US Finance II
6.500%, 09/15/2018 (E)		1,250		1,303
Gilead Sciences
5.650%, 12/01/2041		35		44
4.750%, 03/01/2046		320		358
4.500%, 02/01/2045		10		11
4.150%, 03/01/2047		260		266
3.700%, 04/01/2024		220		232
3.650%, 03/01/2026		150		157
3.250%, 09/01/2022		265		274
2.950%, 03/01/2027		550		545
1.850%, 09/20/2019		280		280
GlaxoSmithKline Capital PLC
2.850%, 05/08/2022		170		174
Humana
7.200%, 06/15/2018		1,559		1,617
4.950%, 10/01/2044		10		12
4.800%, 03/15/2047		10		11
4.625%, 12/01/2042		40		43
3.950%, 03/15/2027		20		21
3.850%, 10/01/2024		680		714
3.150%, 12/01/2022		390		397
Johnson & Johnson
4.500%, 12/05/2043		250		287
3.700%, 03/01/2046		170		176
Kaiser Foundation Hospitals
3.150%, 05/01/2027		1,100		1,107
Laboratory Corp of America Holdings
3.600%, 09/01/2027		386		388



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
3.250%, 09/01/2024	$	385	$	386
Medtronic
4.625%, 03/15/2045		60		68
4.375%, 03/15/2035		76		84
3.625%, 03/15/2024		590		622
3.500%, 03/15/2025		200		209
3.150%, 03/15/2022		65		67
Medtronic Global Holdings SCA
3.350%, 04/01/2027		190		195
Merck
2.750%, 02/10/2025		100		101
2.400%, 09/15/2022		29		29
New York and Presbyterian Hospital
3.563%, 08/01/2036		730		713
Perrigo Finance Unlimited
4.375%, 03/15/2026		300		311
3.900%, 12/15/2024		265		271
Pfizer
4.400%, 05/15/2044		345		381
4.000%, 12/15/2036		630		676
Providence St. Joseph Health Obligated Group
2.746%, 10/01/2026		500		480
Shire Acquisitions Investments Ireland
3.200%, 09/23/2026 (C)		935		922
2.875%, 09/23/2023		795		790
1.900%, 09/23/2019		1,000		998
Stryker
4.625%, 03/15/2046 (C)		675		735
Teva Pharmaceutical Finance Netherlands III BV
1.400%, 07/20/2018 (C)		750		747
Thermo Fisher Scientific
4.100%, 08/15/2047 (C)		412		413
3.300%, 02/15/2022		465		481
3.200%, 08/15/2027		645		638
UnitedHealth Group
4.750%, 07/15/2045 (C)		200		231
4.625%, 07/15/2035		28		32
4.250%, 04/15/2047		450		483
3.875%, 10/15/2020		180		189
3.750%, 07/15/2025		70		74
3.375%, 11/15/2021		75		78
3.350%, 07/15/2022		28		29
2.875%, 12/15/2021		655		672
2.875%, 03/15/2023		50		51
Wyeth LLC
5.950%, 04/01/2037		130		170


				50,533


SEI Institutional Managed Trust / Annual Report / September 30, 2017		167

SCHEDULE OF INVESTMENTS

September 30, 2017

U.S. Fixed Income Fund (Continued)



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Industrials — 1.7%
ABB Finance USA
4.375%, 05/08/2042	$	30	$	32
AerCap Ireland Capital
4.500%, 05/15/2021		370		391
Air Lease
3.625%, 04/01/2027		580		580
2.625%, 07/01/2022 (C)		920		914
Aviation Capital Group
6.750%, 04/06/2021 (E)		120		136
BAE Systems
4.750%, 10/11/2021 (E)		750		809
Boeing
4.875%, 02/15/2020		210		225
Burlington Northern Santa Fe
7.290%, 06/01/2036		90		127
5.750%, 03/15/2018		950		968
5.400%, 06/01/2041		50		62
4.150%, 04/01/2045		165		175
3.450%, 09/15/2021		91		95
Canadian Pacific Railway
6.125%, 09/15/2115		44		56
Caterpillar Financial Services MTN
2.750%, 08/20/2021		405		411
2.100%, 01/10/2020		550		553
Catholic Health Initiatives
4.350%, 11/01/2042		30		28
Cintas No. 2
3.700%, 04/01/2027		140		146
2.900%, 04/01/2022		170		173
CK Hutchison International 17
2.750%, 03/29/2023 (E)		369		367
Continental Airlines Pass-Through Trust, Ser 1999-2, Cl C-2
7.256%, 03/15/2020		95		101
Continental Airlines Pass-Through Trust, Ser 2000-1
8.048%, 11/01/2020		153		169
Continental Airlines Pass-Through Trust, Ser 2007-1, Cl A
5.983%, 04/19/2022		604		664
Continental Airlines Pass-Through Trust, Ser 2009-2
7.250%, 11/10/2019		130		143
CSX
3.950%, 05/01/2050		21		20
Delta Air Lines Pass-Through Trust, Ser 2007- 1, Cl A
6.821%, 08/10/2022		97		112
Delta Air Lines Pass-Through Trust, Ser 2010- 1, Cl A
6.200%, 07/02/2018		235		242



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Eaton
7.625%, 04/01/2024	$	75	$	90
4.150%, 11/02/2042		110		110
2.750%, 11/02/2022		450		453
1.500%, 11/02/2017		60		60
FedEx
4.550%, 04/01/2046 (C)		560		597
4.400%, 01/15/2047		258		268
GE Capital International Funding
4.418%, 11/15/2035		1,081		1,176
2.342%, 11/15/2020		695		702
General Dynamics
2.625%, 11/15/2027		520		503
General Electric
4.500%, 03/11/2044		635		711
2.100%, 12/11/2019		30		30
General Electric MTN
6.875%, 01/10/2039		205		300
6.150%, 08/07/2037		254		337
6.000%, 08/07/2019		185		199
5.875%, 01/14/2038		209		274
5.500%, 01/08/2020		180		194
5.300%, 02/11/2021		109		120
4.650%, 10/17/2021		140		153
4.625%, 01/07/2021		135		146
4.375%, 09/16/2020		10		11
2.200%, 01/09/2020		43		43
1.795%, VAR ICE LIBOR USD 3 Month+0.480%, 08/15/2036		850		757
Illinois Tool Works
2.650%, 11/15/2026		280		273
International Lease Finance
8.625%, 01/15/2022		170		208
John Deere Capital MTN
2.800%, 09/08/2027		563		553
2.150%, 09/08/2022		450		446
Lockheed Martin
4.070%, 12/15/2042		91		93
3.550%, 01/15/2026		880		908
3.350%, 09/15/2021		575		598
Mexico City Airport Trust
5.500%, 10/31/2046 (E)		680		694
5.500%, 07/31/2047 (E)		405		410
3.875%, 04/30/2028 (C)(E)		370		369
Northrop Grumman
3.850%, 04/15/2045 (C)		231		225
3.250%, 08/01/2023		1,625		1,675
3.200%, 02/01/2027		795		800
Penske Truck Leasing L.P.
3.400%, 11/15/2026 (C)(E)		680		672
3.375%, 02/01/2022 (E)		431		442
2.700%, 03/14/2023 (E)		586		581


168		SEI Institutional Managed Trust / Annual Report / September 30, 2017



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Republic Services
3.800%, 05/15/2018	$	1,000	$	1,013
Siemens Financieringsmaatschappij
2.900%, 05/27/2022 (E)		1,050		1,073
2.350%, 10/15/2026 (E)		555		523
2.200%, 03/16/2020 (E)		790		798
Union Pacific
3.000%, 04/15/2027		635		639
United Technologies
8.875%, 11/15/2019		110		125
4.150%, 05/15/2045		59		61
3.750%, 11/01/2046 (C)		685		661
1.950%, 11/01/2021		85		84
0.000%, 05/04/2018 (F)		850		850
US Airways Pass-Through Trust, Ser 1998-1A
6.850%, 01/30/2018		117		119
Valmont Industries
5.250%, 10/01/2054		335		328
Wabtec
3.450%, 11/15/2026		530		521
Waste Management
4.600%, 03/01/2021		90		97
3.500%, 05/15/2024		90		93

				30,865

Information Technology — 1.6%
Analog Devices
3.500%, 12/05/2026		405		409
3.125%, 12/05/2023		540		548
2.500%, 12/05/2021		495		496
Apple
4.650%, 02/23/2046		270		306
4.375%, 05/13/2045		390		424
4.250%, 02/09/2047		45		48
3.850%, 05/04/2043		740		745
3.450%, 02/09/2045 (C)		31		29
3.350%, 02/09/2027 (C)		660		680
3.200%, 05/13/2025		64		66
3.200%, 05/11/2027		665		677
3.000%, 02/09/2024		875		897
2.850%, 05/06/2021		113		116
2.850%, 05/11/2024		990		1,002
2.700%, 05/13/2022		505		515
2.450%, 08/04/2026		730		704
2.300%, 05/11/2022		2,240		2,249
2.150%, 02/09/2022		82		82
1.800%, 05/11/2020		1,065		1,065
1.561%, VAR ICE LIBOR USD 3 Month+0.250%, 05/03/2018		69		69
Cisco Systems
1.850%, 09/20/2021		835		826
1.400%, 09/20/2019		1,375		1,368



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Dell International
4.420%, 06/15/2021 (E)	$	640	$	672
3.480%, 06/01/2019 (E)		500		510
Fidelity National Information Services
3.625%, 10/15/2020		310		323
2.850%, 10/15/2018		690		698
2.250%, 08/15/2021		395		392
Harris
5.054%, 04/27/2045		80		92
4.854%, 04/27/2035		80		88
Hewlett Packard Enterprise
6.350%, 10/15/2045		590		625
4.900%, 10/15/2025 (C)		225		238
Intel
3.700%, 07/29/2025		83		88
3.300%, 10/01/2021		35		37
3.100%, 07/29/2022		35		36
Mastercard
3.375%, 04/01/2024		250		261
Microsoft
4.750%, 11/03/2055		43		51
4.500%, 02/06/2057		110		124
4.100%, 02/06/2037 (C)		556		603
4.000%, 02/12/2055 (C)		24		25
3.950%, 08/08/2056		140		144
3.750%, 02/12/2045		330		335
3.700%, 08/08/2046		660		666
3.625%, 12/15/2023		89		95
3.500%, 02/12/2035		452		460
3.450%, 08/08/2036 (C)		235		237
3.300%, 02/06/2027		550		569
2.875%, 02/06/2024		1,150		1,175
2.700%, 02/12/2025		90		91
2.400%, 02/06/2022		885		895
2.400%, 08/08/2026		480		464
2.375%, 02/12/2022		20		20
2.375%, 05/01/2023		20		20
2.000%, 08/08/2023		595		583
Oracle
3.900%, 05/15/2035		1,375		1,442
1.200%, 10/15/2017		250		250
TSMC Global
1.625%, 04/03/2018 (E)		460		459
Visa
4.300%, 12/14/2045		120		133
3.650%, 09/15/2047		460		457
3.150%, 12/14/2025		360		369
2.800%, 12/14/2022		295		302
2.200%, 12/14/2020		80		81
VMware
3.900%, 08/21/2027		385		389
2.950%, 08/21/2022		645		649


SEI Institutional Managed Trust / Annual Report / September 30, 2017		169

SCHEDULE OF INVESTMENTS

September 30, 2017

U.S. Fixed Income Fund (Continued)



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
2.300%, 08/21/2020	$	775	$	777

				29,246

Materials — 0.8%
Air Liquide Finance
2.250%, 09/27/2023 (E)		265		256
Amcor Finance USA
3.625%, 04/28/2026 (E)		1,375		1,365
Anglo American Capital
3.625%, 09/11/2024 (E)		510		509
Barrick
5.250%, 04/01/2042		10		11
Barrick North America Finance
5.750%, 05/01/2043		170		206
5.700%, 05/30/2041		565		674
BHP Billiton Finance USA
6.750%, VAR USD Swap Semi 30/360 5 Year Curr+5.093%, 10/19/2075 (E)		210		247
5.000%, 09/30/2043 (C)		375		443
4.125%, 02/24/2042		40		42
2.875%, 02/24/2022		15		15
Celulosa Arauco y Constitucion
4.750%, 01/11/2022		60		63
CF Industries
4.500%, 12/01/2026 (E)		375		393
3.400%, 12/01/2021 (E)		480		489
Dow Chemical
5.250%, 11/15/2041		25		28
3.000%, 11/15/2022		1,320		1,345
Eastman Chemical
2.700%, 01/15/2020		805		815
EI du Pont de Nemours
2.200%, 05/01/2020		320		322
Equate Petrochemical BV MTN
4.250%, 11/03/2026 (E)		370		380
Freeport-McMoRan
4.000%, 11/14/2021		280		281
Glencore Finance Canada
2.700%, 10/25/2017 (E)		250		250
Glencore Funding
4.125%, 05/30/2023 (E)		200		208
4.000%, 03/27/2027 (E)		220		221
International Paper
5.150%, 05/15/2046		535		599
5.000%, 09/15/2035		215		238
Nacional del Cobre de Chile
4.500%, 08/01/2047 (E)		275		279
3.625%, 08/01/2027 (E)		1,065		1,061
OCP
4.500%, 10/22/2025 (E)		290		292
Sherwin-Williams
3.450%, 06/01/2027		226		227



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
2.750%, 06/01/2022 (C)	$	584	$	588
Southern Copper
5.250%, 11/08/2042		1,130		1,196
Teck Resources
6.250%, 07/15/2041		5		6
Vale Overseas
6.875%, 11/21/2036		310		355
6.250%, 08/10/2026 (C)		1,140		1,293
Vulcan Materials
4.500%, 06/15/2047		260		264


				14,961


Real Estate — 0.8%
Alexandria Real Estate Equities
3.950%, 01/15/2027		750		765
2.750%, 01/15/2020		591		597
Boston Properties
5.625%, 11/15/2020		450		493
DDR
4.625%, 07/15/2022		665		705
3.375%, 05/15/2023		605		597
Digital Realty Trust
3.700%, 08/15/2027		385		389
2.750%, 02/01/2023		180		179
Duke Realty
4.375%, 06/15/2022		50		53
Education Realty Operating Partnership
4.600%, 12/01/2024		505		521
ERP Operating
4.625%, 12/15/2021		64		69
HCP
4.250%, 11/15/2023		580		616
4.000%, 12/01/2022		450		474
2.625%, 02/01/2020		28		28
Healthcare Realty Trust
3.875%, 05/01/2025		200		201
3.750%, 04/15/2023		400		407
Mid-America Apartments
4.300%, 10/15/2023		250		265
4.000%, 11/15/2025		300		312
3.750%, 06/15/2024		585		603
3.600%, 06/01/2027		370		372
Public Storage
3.094%, 09/15/2027		1,258		1,254
2.370%, 09/15/2022		1,784		1,782
Realty Income
3.250%, 10/15/2022		70		72
Regency Centers
3.600%, 02/01/2027		238		238
Simon Property Group
4.375%, 03/01/2021		38		40


170		SEI Institutional Managed Trust / Annual Report / September 30, 2017


Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Tanger Properties
3.875%, 12/01/2023	$	315	$	320
3.750%, 12/01/2024		295		296
Ventas Realty
4.125%, 01/15/2026		29		30
3.850%, 04/01/2027		500		509
2.000%, 02/15/2018		804		805
Washington Prime Group
5.950%, 08/15/2024		225		229
Welltower
6.125%, 04/15/2020		525		576
4.500%, 01/15/2024		102		109

				13,906


Telecommunication Services — 1.5%
America Movil
5.625%, 11/15/2017		540		543
AT&T
6.000%, 08/15/2040		925		1,042
5.800%, 02/15/2019		210		221
5.500%, 02/01/2018		100		101
5.450%, 03/01/2047		560		592
5.300%, 08/14/2058		283		286
5.250%, 03/01/2037		1,645		1,731
5.150%, 03/15/2042		25		25
5.150%, 02/14/2050		258		259
4.900%, 08/14/2037		580		586
4.800%, 06/15/2044		240		234
4.750%, 05/15/2046		845		813
4.500%, 03/09/2048		345		318
4.450%, 04/01/2024		645		684
4.350%, 06/15/2045		735		675
4.250%, 03/01/2027		200		206
4.125%, 02/17/2026		500		513
3.950%, 01/15/2025		275		283
3.900%, 08/14/2027		1,232		1,234
3.875%, 08/15/2021		70		73
3.800%, 03/15/2022		400		417
3.400%, 08/14/2024		380		381
3.400%, 05/15/2025		3,019		2,978
3.000%, 06/30/2022		180		182
Bharti Airtel
4.375%, 06/10/2025 (E)		200		203
British Telecommunications
5.950%, 01/15/2018		200		202
Sprint Spectrum
3.360%, 09/20/2021 (E)		1,740		1,766
Telefonica Emisiones
5.462%, 02/16/2021		23		25
5.134%, 04/27/2020		362		388
Telefonica Emisiones SAU
5.213%, 03/08/2047 (C)		345		380


Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Verizon Communications
5.500%, 03/16/2047	$	60	$	67
5.250%, 03/16/2037		830		910
5.150%, 09/15/2023 (C)		330		370
5.012%, 08/21/2054		231		232
4.862%, 08/21/2046		500		507
4.522%, 09/15/2048 (C)		1,130		1,094
4.500%, 08/10/2033		430		440
4.400%, 11/01/2034		1,787		1,788
4.272%, 01/15/2036		815		801
4.125%, 03/16/2027 (C)		705		736
4.125%, 08/15/2046		1,130		1,027
3.850%, 11/01/2042		750		664
3.376%, 02/15/2025 (E)		218		219
2.946%, 03/15/2022		455		463
2.625%, 08/15/2026		90		84
Vodafone Group PLC
2.950%, 02/19/2023		540		548

				27,291


Utilities — 2.0%
AEP Texas
6.650%, 02/15/2033		500		633
AEP Texas Central Transition Funding II
5.170%, 01/01/2018		126		127
Alabama Power
2.450%, 03/30/2022		575		575
American Electric Power
1.650%, 12/15/2017		423		423
Appalachian Power
3.300%, 06/01/2027		365		369
Arizona Public Service
2.200%, 01/15/2020		20		20
Baltimore Gas & Electric
3.750%, 08/15/2047 (C)		450		448
Berkshire Hathaway Energy
6.500%, 09/15/2037		850		1,136
3.750%, 11/15/2023		156		164
Boston Gas
4.487%, 02/15/2042 (E)		35		38
Carolina Power & Light
5.300%, 01/15/2019		175		183
3.000%, 09/15/2021		194		199
2.800%, 05/15/2022		25		26
Cleco Power
6.000%, 12/01/2040		700		861
Comision Federal de Electricidad
4.750%, 02/23/2027 (E)		240		253
Commonwealth Edison
3.750%, 08/15/2047		153		153
2.950%, 08/15/2027		520		518


SEI Institutional Managed Trust / Annual Report / September 30, 2017		171

SCHEDULE OF INVESTMENTS

September 30, 2017

U.S. Fixed Income Fund (Continued)


Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Consolidated Edison of New York
4.450%, 03/15/2044	$	690	$	765
Dominion Energy
2.500%, 12/01/2019		385		388
2.000%, 08/15/2021		340		335
1.600%, 08/15/2019		455		452
DTE Energy
1.500%, 10/01/2019		395		389
Duke Energy
3.550%, 09/15/2021		76		79
3.150%, 08/15/2027 (C)		653		647
2.400%, 08/15/2022		340		338
1.800%, 09/01/2021		515		505
Duke Energy Carolinas
4.300%, 06/15/2020		39		41
4.250%, 12/15/2041		28		31
3.875%, 03/15/2046		240		246
3.750%, 06/01/2045		680		684
2.500%, 03/15/2023		380		382
Duke Energy Florida
3.850%, 11/15/2042		215		218
3.400%, 10/01/2046		225		212
3.200%, 01/15/2027		445		450
Duke Energy Indiana
4.200%, 03/15/2042		30		31
3.750%, 07/15/2020		52		55
Duke Energy Progress
4.100%, 05/15/2042		425		445
Duquesne Light Holdings
6.400%, 09/15/2020 (E)		500		556
3.616%, 08/01/2027 (E)		655		650
Electricite de France
6.000%, 01/22/2114 (E)		300		334
Enel Finance International
2.875%, 05/25/2022 (E)		1,140		1,147
Entergy
5.125%, 09/15/2020		400		428
Exelon
3.950%, 06/15/2025		375		392
FirstEnergy
4.250%, 03/15/2023		340		360
3.900%, 07/15/2027		310		315
FirstEnergy, Ser C
7.375%, 11/15/2031		480		639
Georgia Power
4.300%, 03/15/2042		115		120
Indiana Michigan Power
4.550%, 03/15/2046		565		628
ITC Holdings
3.650%, 06/15/2024		633		651
Jersey Central Power & Light
7.350%, 02/01/2019		100		107


Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
4.700%, 04/01/2024 (E)	$	700	$	760
Kansas City Power & Light
5.300%, 10/01/2041		100		117
KeySpan Gas East
2.742%, 08/15/2026 (E)		350		340
Metropolitan Edison
3.500%, 03/15/2023 (E)		350		360
MidAmerican Energy
4.800%, 09/15/2043		320		372
4.250%, 05/01/2046		200		214
NextEra Energy Capital Holdings
2.300%, 04/01/2019		500		503
NiSource Finance
5.800%, 02/01/2042		149		178
3.950%, 03/30/2048		136		134
Northern States Power
3.600%, 09/15/2047		565		557
Oklahoma Gas & Electric
4.150%, 04/01/2047		475		503
Oncor Electric Delivery
5.250%, 09/30/2040		250		301
Oncor Electric Delivery LLC
6.800%, 09/01/2018 (C)		460		481
Pacific Gas & Electric
8.250%, 10/15/2018		180		192
6.050%, 03/01/2034		530		690
5.800%, 03/01/2037		70		89
5.625%, 11/30/2017		525		529
5.400%, 01/15/2040		42		52
4.500%, 12/15/2041		48		52
4.450%, 04/15/2042		390		430
3.250%, 09/15/2021		12		12
PECO Energy
4.150%, 10/01/2044		930		989
3.150%, 10/15/2025		605		614
Pennsylvania Electric
5.200%, 04/01/2020		200		212
Perusahaan Listrik Negara MTN
4.125%, 05/15/2027 (E)		670		670
PPL Electric Utilities
4.150%, 10/01/2045		400		426
Progress Energy
3.150%, 04/01/2022		280		285
Public Service of New Hampshire
3.500%, 11/01/2023		205		214
Sierra Pacific Power
2.600%, 05/01/2026		530		512
Southern
4.400%, 07/01/2046		315		326
2.150%, 09/01/2019		855		857
Southern California Edison
4.050%, 03/15/2042		5		5


172		SEI Institutional Managed Trust / Annual Report / September 30, 2017


Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
3.500%, 10/01/2023	$	205	$	216
Southern Gas Capital
2.450%, 10/01/2023		345		337
Southwestern Electric Power
5.875%, 03/01/2018		345		351
3.900%, 04/01/2045		160		160
Southwestern Public Service
3.700%, 08/15/2047		340		338
SP PowerAssets MTN
3.000%, 09/26/2027 (E)		279		278
Texas-New Mexico Power
9.500%, 04/01/2019 (E)		1,100		1,216
Virginia Electric & Power
4.650%, 08/15/2043		630		703
2.950%, 01/15/2022		330		337
2.950%, 11/15/2026		335		333
West Penn Power
5.950%, 12/15/2017 (E)		500		504

				35,895
Total Corporate Obligations (Cost $477,427) ($ Thousands)				488,038

ASSET-BACKED SECURITIES — 8.1%

Automotive — 1.1%
Ally Auto Receivables Trust, Ser 2015-1, Cl A3
1.390%, 09/16/2019		197		197
Ally Auto Receivables Trust, Ser 2016-3, Cl A2
1.190%, 12/17/2018		95		95
Avis Budget Rental Car Funding AESOP, Ser 2014-2A, Cl A
2.500%, 02/20/2021 (E)		1,591		1,595
Avis Budget Rental Car Funding AESOP, Ser 2017-1A, Cl A
3.070%, 09/20/2023 (E)		999		1,007
Bank of The West Auto Trust, Ser 2014-1, Cl A3
1.090%, 03/15/2019 (E)		3		3
California Republic Auto Receivables Trust, Ser 2016-1, Cl A4
2.240%, 10/15/2021		970		975
California Republic Auto Receivables Trust, Ser 2017-1, Cl A3
1.900%, 03/15/2021		550		550
California Republic Auto Receivables Trust, Ser 2017-1, Cl A4
2.280%, 06/15/2022		252		253
Capital Auto Receivables Asset Trust, Ser 2015-4, Cl A2
1.620%, 03/20/2019		119		119


Description	Face Amount (Thousands)		Market Value ($ Thousands)

ASSET-BACKED SECURITIES (continued)
Capital Auto Receivables Asset Trust, Ser 2015-4, Cl A4
2.010%, 07/20/2020	$	201	$	202
Capital Auto Receivables Asset Trust, Ser 2016-1, Cl A4
1.980%, 10/20/2020		260		261
Capital Auto Receivables Asset Trust, Ser 2016-2, Cl A2A
1.320%, 01/22/2019		31		31
Capital Auto Receivables Asset Trust, Ser 2016-3, Cl A2A
1.360%, 04/22/2019		98		98
Capital Auto Receivables Asset Trust, Ser 2016-3, Cl A4
1.690%, 03/20/2021		218		217
Enterprise Fleet Financing, Ser 2017-2, Cl A3
2.220%, 01/20/2023 (E)		694		694
Flagship Credit Auto Trust, Ser 2016-3, Cl A2
2.050%, 11/15/2020 (E)		295		295
Ford Credit Auto Owner Trust, Ser 2014-1, Cl A
2.260%, 11/15/2025 (E)		610		614
Ford Credit Auto Owner Trust, Ser 2015-1, Cl A
2.120%, 07/15/2026 (E)		675		678
Ford Credit Auto Owner Trust, Ser 2017-2, Cl A
2.360%, 03/15/2029 (E)		2,308		2,296
Hertz Vehicle Financing, Ser 2013-1A, Cl A2
1.830%, 08/25/2019 (E)		625		623
Hertz Vehicle Financing, Ser 2015-1A, Cl A
2.730%, 03/25/2021 (E)		1,610		1,611
Hertz Vehicle Financing, Ser 2015-3A, Cl A
2.670%, 09/25/2021 (E)		1,158		1,148
Hertz Vehicle Financing, Ser 2016-2A, Cl A
2.950%, 03/25/2022 (E)		604		602
Hertz Vehicle Financing, Ser 2016-3A, Cl A
2.270%, 07/25/2020 (E)		573		570
Hertz Vehicle Financing, Ser 2016-3A, Cl B
3.110%, 07/25/2020 (E)		254		252
Hertz Vehicle Financing, Ser 2016-4A, Cl A
2.650%, 07/25/2022 (E)		811		799
Hertz Vehicle Financing, Ser 2017-1A, Cl A
2.960%, 10/25/2021 (E)		1,240		1,234
Honda Auto Receivables Owner Trust, Ser 2016-2, Cl A2
1.130%, 09/17/2018		156		156
Mercedes-Benz Auto Lease Trust, Ser 2017-A, Cl A3
1.790%, 04/15/2020		1,925		1,927
Nissan Auto Receivables Owner Trust, Ser 2015-C, Cl A2A
0.870%, 11/15/2018		20		20


SEI Institutional Managed Trust / Annual Report / September 30, 2017		173

SCHEDULE OF INVESTMENTS

September 30, 2017

U.S. Fixed Income Fund (Continued)


Description	Face Amount (Thousands)		Market Value ($ Thousands)

ASSET-BACKED SECURITIES (continued)
Nissan Auto Receivables Owner Trust, Ser 2016-C, Cl A2A
1.070%, 05/15/2019	$	137	$	137
Santander Drive Auto Receivables Trust, Ser 2017-3, Cl A3
1.870%, 06/15/2021		552		551
TCF Auto Receivables Owner Trust, Ser 2016- 1A, Cl A3
1.710%, 04/15/2021 (E)		201		200
TCF Auto Receivables Owner Trust, Ser 2016- 1A, Cl A4
2.030%, 02/15/2022 (E)		150		149
TCF Auto Receivables Owner Trust, Ser 2016- PT1A, Cl A
1.930%, 06/15/2022 (E)		136		136
World Omni Auto Receivables Trust, Ser 2014-B, Cl A4
1.680%, 12/15/2020		251		251

				20,546


Credit Cards — 0.5%
American Express Credit Account Master Trust, Ser 2017-4, Cl A
1.640%, 12/15/2021		745		744
Barclays Dryrock Issuance Trust, Ser 2017-2, Cl A
1.534%, VAR LIBOR USD 1 Month+0.300%, 05/15/2023		647		648
Capital One Multi-Asset Execution Trust, Ser 2015-A1, Cl A1
1.390%, 01/15/2021		52		52
Chase Issuance Trust, Ser 2014-A7, Cl A7
1.380%, 11/15/2019		1,015		1,015
Chase Issuance Trust, Ser 2016-A6, Cl A6
1.100%, 01/15/2020		100		100
Synchrony Credit Card Master Note Trust, Ser 2014-1, Cl A
1.610%, 11/15/2020		446		446
Synchrony Credit Card Master Note Trust, Ser 2015-1, Cl A
2.370%, 03/15/2023		351		354
Synchrony Credit Card Master Note Trust, Ser 2015-4, Cl A
2.380%, 09/15/2023		596		601
Synchrony Credit Card Master Note Trust, Ser 2016-2, Cl A
2.210%, 05/15/2024		586		585
Synchrony Credit Card Master Note Trust, Ser 2016-3, Cl A
1.580%, 09/15/2022		255		253
Synchrony Credit Card Master Note Trust, Ser 2017-1, Cl A
1.930%, 06/15/2023		664		661


Description	Face Amount (Thousands)		Market Value ($ Thousands)

ASSET-BACKED SECURITIES (continued)
World Financial Network Credit Card Master Trust, Ser 2014-C, Cl A
1.540%, 08/16/2021	$	87	$	87
World Financial Network Credit Card Master Trust, Ser 2015-B, Cl A
2.550%, 06/17/2024		53		54
World Financial Network Credit Card Master Trust, Ser 2016-A, Cl A
2.030%, 04/15/2025		1,501		1,484
World Financial Network Credit Card Master Trust, Ser 2016-C, Cl A
1.720%, 08/15/2023		538		535
World Financial Network Credit Card Master Trust, Ser 2017-A, Cl A
2.120%, 03/15/2024		844		844

				8,463


Mortgage Related Securities — 0.6%

ACE Securities Home Equity Loan Trust, Ser 2006-NC1, Cl A1
1.457%, VAR ICE LIBOR USD 1 Month+0.220%, 12/25/2035		1,118		1,116
Aegis Asset-Backed Securities Trust, Ser 2003-3, Cl M1
2.287%, VAR ICE LIBOR USD 1 Month+1.050%, 01/25/2034		505		469
Aegis Asset-Backed Securities Trust, Ser 2005-5, Cl 2A
1.487%, VAR ICE LIBOR USD 1 Month+0.250%, 12/25/2035		1,362		1,357
Ameriquest Mortgage Security Asset-Backed Pass-Through Certificates, Ser 2003-9, Cl AV1
1.997%, VAR ICE LIBOR USD 1 Month+0.760%, 09/25/2033		129		129
Argent Securities, Ser 2003-W5, Cl M1
2.287%, VAR ICE LIBOR USD 1 Month+1.050%, 10/25/2033		235		236
Bear Stearns Asset-Backed Securities Trust, Ser 2004-HE10, Cl M1
2.212%, VAR ICE LIBOR USD 1 Month+0.975%, 12/25/2034		429		422
Bear Stearns Asset-Backed Securities Trust, Ser 2005-SD1, Cl 1A3
2.037%, VAR ICE LIBOR USD 1 Month+0.800%, 08/25/2043		19		19
Citifinancial Mortgage Securities, Ser 2004-1, Cl AF4
5.070%, 04/25/2034		370		380
HSBC Home Equity Loan Trust, Ser 2007-3, Cl APT
2.436%, VAR LIBOR USD 1 Month+1.200%, 11/20/2036		15		15


174		SEI Institutional Managed Trust / Annual Report / September 30, 2017


Description	Face Amount (Thousands)		Market Value ($ Thousands)

ASSET-BACKED SECURITIES (continued)
Morgan Stanley ABS Capital I Trust, Ser 2005-HE1, Cl M1
1.912%, VAR ICE LIBOR USD 1 Month+0.675%, 12/25/2034	$	736	$	718
New Century Home Equity Loan Trust, Ser 2003-A, Cl A
1.957%, VAR ICE LIBOR USD 1 Month+0.720%, 10/25/2033 (E)		140		136
New Century Home Equity Loan Trust, Ser 2005-3, Cl M2
1.727%, VAR ICE LIBOR USD 1 Month+0.490%, 07/25/2035		922		923
NovaStar Mortgage Funding Trust, Ser 2004- 4, Cl M4
2.887%, VAR LIBOR USD 1 Month+1.650%, 03/25/2035		47		48
Option One Mortgage Loan Trust, Ser 2005- 4, Cl M1
1.677%, VAR ICE LIBOR USD 1 Month+0.440%, 11/25/2035		1,107		1,105
Option One Mortgage Loan Trust, Ser 2006- 1, Cl 1A1
1.457%, VAR ICE LIBOR USD 1 Month+0.220%, 01/25/2036		2,435		2,423
People’s Choice Home Loan Securities Trust, Ser 2004-1, Cl M1
2.122%, VAR ICE LIBOR USD 1 Month+0.885%, 06/25/2034		650		622
Saxon Asset Securities Trust, Ser 2003-1, Cl AF6
4.795%, 06/25/2033		10		10

				10,128


Other Asset-Backed Securities — 5.9%

Academic Loan Funding Trust, Ser 2012-1A, Cl A1
2.037%, VAR ICE LIBOR USD 1 Month+0.800%, 12/27/2022 (E)		12		12
Airspeed, Ser 2007-1A, Cl G2
1.514%, VAR LIBOR USD 1 Month+0.280%, 06/15/2032 (E)		337		304
Ally Master Owner Trust, Ser 2017-1, Cl A
1.634%, VAR LIBOR USD 1 Month+0.400%, 02/15/2021		372		373
Ballyrock CLO, Ser 2017-1A, Cl A1R
2.457%, VAR ICE LIBOR USD 3 Month+1.150%, 10/20/2026 (E)		150		150
Brazos Higher Education Authority, Ser 2010- 1, Cl A2
2.517%, VAR ICE LIBOR USD 3 Month+1.200%, 02/25/2035		850		869


Description	Face Amount (Thousands)		Market Value ($ Thousands)

ASSET-BACKED SECURITIES (continued)
Brazos Higher Education Authority, Ser 2011- 2, Cl A3
2.314%, VAR ICE LIBOR USD 3 Month+1.000%, 10/27/2036	$	400	$	403
Business Loan Express Business Loan Trust, Ser 2004-A, Cl A
1.667%, VAR ICE LIBOR USD 1 Month+0.430%, 02/25/2031 (E)		94		91
CCG Receivables Trust, Ser 2017-1, Cl A2 1.840%, 11/14/2023 (E)		355		351
Cent 18, Ser 2013-18A, Cl A
2.433%, VAR ICE LIBOR USD 3 Month+1.120%, 07/23/2025 (E)		500		500
Chase Funding Mortgage Loan Asset-Backed Certificates, Ser 2003-6, Cl 1A5
5.102%, 11/25/2034		75		78
CIT Education Loan Trust, Ser 2007-1, Cl A
1.418%, VAR ICE LIBOR USD 3 Month+0.090%, 03/25/2042 (E)		456		429
College Ave Student Loans, Ser 2017-A, Cl A1
2.887%, VAR ICE LIBOR USD 1 Month+1.650%, 11/26/2046 (E)		448		448
Countrywide Asset-Backed Certificates, Ser 2004-5, Cl 1A
1.737%, VAR ICE LIBOR USD 1 Month+0.500%, 10/25/2034		614		603
Countrywide Asset-Backed Certificates, Ser 2004-6, Cl 1A1
1.777%, VAR ICE LIBOR USD 1 Month+0.540%, 12/25/2034		450		436
Countrywide Asset-Backed Certificates, Ser 2007-4, Cl A4W
5.027%, 04/25/2047		456		444
Countrywide Home Equity Loan Trust, Ser 2006-F, Cl 2A1A
1.374%, VAR ICE LIBOR USD 1 Month+0.140%, 07/15/2036		691		651
CWHEQ Revolving Home Equity Loan Trust, Ser 2005-D, Cl 2A
1.424%, VAR ICE LIBOR USD 1 Month+0.190%, 11/15/2035		298		277
DRB Prime Student Loan Trust, Ser 2015-B, Cl A2
3.170%, 07/25/2031 (E)		195		198
Eaton Vance CLO, Ser 2017-1A, Cl AR
2.504%, VAR ICE LIBOR USD 3 Month+1.200%, 07/15/2026 (E)		575		577
Educational Funding of the South, Ser 2011- 1, Cl A2
1.964%, VAR ICE LIBOR USD 3 Month+0.650%, 04/25/2035		253		252


SEI Institutional Managed Trust / Annual Report / September 30, 2017		175

SCHEDULE OF INVESTMENTS

September 30, 2017

U.S. Fixed Income Fund (Continued)


Description	Face Amount (Thousands)		Market Value ($ Thousands)

ASSET-BACKED SECURITIES (continued)
Encore Credit Receivables Trust, Ser 2005-3, Cl M2
1.972%, VAR ICE LIBOR USD 1 Month+0.735%, 10/25/2035	$	1,131	$	1,134
First Franklin Mortgage Loan Asset-Backed Certificates, Ser 2004-FF5, Cl A3C
2.237%, VAR ICE LIBOR USD 1 Month+1.000%, 08/25/2034		743		722
Flatiron CLO, Ser 2017-1A, Cl A1R
2.338%, VAR ICE LIBOR USD 3 Month+1.180%, 07/17/2026 (E)		500		502
Ford Credit Floorplan Master Owner Trust, Ser 2017-1, Cl A1
2.070%, 05/15/2022		1,110		1,113
Global SC Finance, Ser 2014-1A, Cl A2
3.090%, 07/17/2029 (E)		287		284
GSAMP Trust, Ser 2006-HE1, Cl A2D
1.547%, VAR ICE LIBOR USD 1 Month+0.310%, 01/25/2036		1,740		1,739
Higher Education Funding, Ser 2014-1, Cl A
2.367%, VAR ICE LIBOR USD 3 Month+1.050%, 05/25/2034 (E)		455		453
JGWPT XXX LLC, Ser 2013-3A, Cl A
4.080%, 01/17/2073 (E)		256		262
JGWPT XXXI LLC, Ser 2014-1A, Cl A
3.960%, 03/15/2063 (E)		241		249
JGWPT XXXII, Ser 2014-2A, Cl A
3.610%, 01/17/2073 (E)		343		337
JGWPT XXXIII, Ser 2014-3A, Cl A
3.500%, 06/15/2077 (E)		170		170
JPMorgan Chase Acquisition, Ser 2005-OPT1, Cl M1
1.912%, VAR ICE LIBOR USD 1 Month+0.675%, 06/25/2035		82		82
Lehman Manufactured Housing Contract Trust, Ser 2001-B, Cl A4
5.270%, 04/15/2040		95		96
Magnetite XII, Ser 2016-12A, Cl AR
2.634%, VAR ICE LIBOR USD 3 Month+1.330%, 04/15/2027 (E)		600		604
Mid-State Trust, Ser 2003-11, Cl A1
4.864%, 07/15/2038		656		681
Navient Private Education Loan Trust, Ser 2014-AA, Cl A3
2.834%, VAR ICE LIBOR USD 1 Month+1.600%, 10/15/2031 (E)		684		697
Navient Private Education Loan Trust, Ser 2014-CTA, Cl A
1.934%, VAR ICE LIBOR USD 1 Month+0.700%, 09/16/2024 (E)		301		301


Description	Face Amount (Thousands)		Market Value ($ Thousands)

ASSET-BACKED SECURITIES (continued)
Navient Private Education Loan Trust, Ser 2015-AA, Cl A2B
2.434%, VAR ICE LIBOR USD 1 Month+1.200%, 12/15/2028 (E)	$	260	$	264
Navient Private Education Loan Trust, Ser 2015-CA, Cl B
3.250%, 05/15/2040 (E)		239		242
Navient Private Education Loan Trust, Ser 2016-AA, Cl A2A
3.910%, 12/15/2045 (E)		1,540		1,593
Navient Private Education Loan Trust, Ser 2016-AA, Cl A2B
3.384%, VAR ICE LIBOR USD 1 Month+2.150%, 12/15/2045 (E)		454		472
Navient Student Loan Trust, Ser 2014-1, Cl A3
1.744%, VAR ICE LIBOR USD 1 Month+0.510%, 06/25/2031		1,580		1,574
Navient Student Loan Trust, Ser 2014-2, Cl A
1.874%, VAR ICE LIBOR USD 1 Month+0.640%, 03/25/2083		757		750
Navient Student Loan Trust, Ser 2014-3, Cl A
1.854%, VAR ICE LIBOR USD 1 Month+0.620%, 03/25/2083		767		759
Navient Student Loan Trust, Ser 2014-4, Cl A
1.857%, VAR ICE LIBOR USD 1 Month+0.620%, 03/25/2083		436		432
Navient Student Loan Trust, Ser 2016-1A, Cl A
1.937%, VAR ICE LIBOR USD 1 Month+0.700%, 02/25/2070 (E)		3,058		3,032
Navient Student Loan Trust, Ser 2016-2A, Cl A3
2.737%, VAR ICE LIBOR USD 1 Month+1.500%, 06/25/2065 (E)		1,270		1,317
Navient Student Loan Trust, Ser 2016-5A, Cl A
2.487%, VAR ICE LIBOR USD 1 Month+1.250%, 06/25/2065 (E)		348		355
Navient Student Loan Trust, Ser 2016-7A, Cl A
2.387%, VAR ICE LIBOR USD 1 Month+1.150%, 03/25/2066 (E)		684		692
Navient Student Loan Trust, Ser 2017-1A, Cl A2
1.987%, VAR ICE LIBOR USD 1 Month+0.750%, 07/26/2066 (E)		700		708
Navient Student Loan Trust, Ser 2017-1A, Cl A3
2.387%, VAR ICE LIBOR USD 1 Month+1.150%, 07/26/2066 (E)		2,557		2,609
Navient Student Loan Trust, Ser 2017-2A, Cl A
2.284%, VAR ICE LIBOR USD 1 Month+1.050%, 12/27/2066 (E)		1,747		1,771
Navient Student Loan Trust, Ser 2017-3A, Cl A3
2.384%, 07/26/2066		2,476		2,507


176		SEI Institutional Managed Trust / Annual Report / September 30, 2017




Description	Face Amount (Thousands)		Market Value ($ Thousands)


ASSET-BACKED SECURITIES (continued)
Navient Student Loan Trust, Ser 2017-4A, Cl A3
2.237%, VAR ICE LIBOR USD 1 Month+1.000%, 09/27/2066 (E)	$	1,901	$	1,918
Navient Student Loan Trust, Ser 2017-5A, Cl A
2.048%, VAR ICE LIBOR USD 1 Month+0.800%, 07/26/2066 (E)		2,522		2,523
Nelnet Student Loan Trust, Ser 2004-3, Cl A5
1.494%, VAR ICE LIBOR USD 3 Month+0.180%, 10/27/2036		359		352
Nelnet Student Loan Trust, Ser 2004-4, Cl A5
1.474%, VAR ICE LIBOR USD 3 Month+0.160%, 01/25/2037		292		289
Nelnet Student Loan Trust, Ser 2005-1, Cl A5
1.424%, VAR ICE LIBOR USD 3 Month+0.110%, 10/25/2033		2,230		2,187
Nelnet Student Loan Trust, Ser 2005-2, Cl A5
1.423%, VAR ICE LIBOR USD 3 Month+0.100%, 03/23/2037		350		342
Nelnet Student Loan Trust, Ser 2005-3, Cl A5
1.407%, VAR ICE LIBOR USD 3 Month+0.120%, 12/24/2035		2,690		2,646
Nelnet Student Loan Trust, Ser 2005-4, Cl A4
1.467%, VAR ICE LIBOR USD 3 Month+0.180%, 03/22/2032		272		262
Nelnet Student Loan Trust, Ser 2006-2, Cl A6
1.434%, VAR ICE LIBOR USD 3 Month+0.120%, 04/25/2031		1,476		1,475
Nelnet Student Loan Trust, Ser 2007-2A, Cl A3L
1.678%, VAR ICE LIBOR USD 3 Month+0.350%, 03/25/2026 (E)		101		100
Nelnet Student Loan Trust, Ser 2008-3, Cl A4
2.967%, VAR ICE LIBOR USD 3 Month+1.650%, 11/25/2024		535		545
Nelnet Student Loan Trust, Ser 2010-4A, Cl A
2.034%, VAR ICE LIBOR USD 1 Month+0.800%, 04/25/2046 (E)		80		81
Nelnet Student Loan Trust, Ser 2011-1A, Cl A
2.084%, VAR ICE LIBOR USD 1 Month+0.850%, 02/25/2048 (E)		493		494
Nelnet Student Loan Trust, Ser 2013-1A, Cl A
1.834%, VAR ICE LIBOR USD 1 Month+0.600%, 06/25/2041 (E)		1,189		1,186
Nelnet Student Loan Trust, Ser 2014-2A, Cl A3
2.084%, VAR ICE LIBOR USD 1 Month+0.850%, 07/27/2037 (E)		950		935
Nelnet Student Loan Trust, Ser 2014-4A, Cl A2
2.187%, VAR ICE LIBOR USD 1 Month+0.950%, 11/25/2048 (E)		500		492




Description	Face Amount (Thousands)		Market Value ($ Thousands)


ASSET-BACKED SECURITIES (continued)
Nelnet Student Loan Trust, Ser 2015-2A, Cl A2
1.837%, VAR ICE LIBOR USD 1 Month+0.600%, 09/25/2047 (E)	$	733	$	724
Nelnet Student Loan Trust, Ser 2016-1A, Cl A
2.037%, VAR ICE LIBOR USD 1 Month+0.800%, 09/25/2065 (E)		824		835
Nelnet Student Loan Trust, Ser 2017-2A, Cl A
2.007%, VAR ICE LIBOR USD 1 Month+0.770%, 09/25/2065 (E)		1,249		1,253
North Carolina State Education Assistance Authority, Ser 2011-2, Cl A2
2.114%, VAR ICE LIBOR USD 3 Month+0.800%, 07/25/2025		257		257
Ownit Mortgage Loan Trust, Ser 2005-3, Cl A3
2.237%, VAR ICE LIBOR USD 1 Month+1.000%, 06/25/2036		469		470
Prosper Marketplace Issuance Trust, Ser 2017-2A, Cl A
2.410%, 09/15/2023 (E)		840		841
Rosslyn Portfolio Trust, Ser 2017-R17
2.177%, 06/15/2033		330		330
Scholar Funding Trust, Ser 2011-A, Cl A
2.214%, VAR ICE LIBOR USD 3 Month+0.900%, 10/28/2043 (E)		208		207
SLC Student Loan Trust, Ser 2005-3, Cl A4
1.470%, VAR ICE LIBOR USD 3 Month+0.150%, 12/15/2039		1,240		1,186
SLM Student Loan Trust, Ser 2003-1, Cl A5C
2.070%, VAR ICE LIBOR USD 3 Month+0.750%, 12/15/2032 (E)		514		510
SLM Student Loan Trust, Ser 2003-10A, Cl A3
1.790%, VAR LIBOR USD 3 Month+0.550%, 12/15/2027 (E)		1,352		1,356
SLM Student Loan Trust, Ser 2004-10, Cl A7A
2.064%, VAR ICE LIBOR USD 3 Month+0.750%, 10/25/2029 (E)		1,196		1,192
SLM Student Loan Trust, Ser 2004-8, Cl B
1.774%, VAR ICE LIBOR USD 3 Month+0.460%, 01/25/2040		96		90
SLM Student Loan Trust, Ser 2005-6, Cl A5B
2.514%, VAR ICE LIBOR USD 3 Month+1.200%, 07/27/2026		40		40
SLM Student Loan Trust, Ser 2006-2, Cl A6
1.484%, VAR ICE LIBOR USD 3 Month+0.170%, 01/25/2041		540		521
SLM Student Loan Trust, Ser 2006-3, Cl A5
1.414%, VAR ICE LIBOR USD 3 Month+0.100%, 01/25/2021		1,031		1,019
SLM Student Loan Trust, Ser 2006-8, Cl A6
1.474%, VAR ICE LIBOR USD 3 Month+0.160%, 01/25/2041		540		509


SEI Institutional Managed Trust / Annual Report / September 30, 2017		177

SCHEDULE OF INVESTMENTS

September 30, 2017

U.S. Fixed Income Fund (Continued)


Description	Face Amount (Thousands)		Market Value ($ Thousands)

ASSET-BACKED SECURITIES (continued)
SLM Student Loan Trust, Ser 2007-2, Cl A4
1.374%, VAR ICE LIBOR USD 3 Month+0.060%, 07/25/2022	$	1,048	$	1,018
SLM Student Loan Trust, Ser 2007-2, Cl B
1.484%, VAR ICE LIBOR USD 3 Month+0.170%, 07/25/2025		344		290
SLM Student Loan Trust, Ser 2007-6, Cl A4
1.694%, VAR ICE LIBOR USD 3
Month+0.380%, 10/25/2024		1,140		1,141
SLM Student Loan Trust, Ser 2007-6, Cl B
2.164%, VAR ICE LIBOR USD 3 Month+0.850%, 04/27/2043		114		108
SLM Student Loan Trust, Ser 2007-7, Cl B
2.064%, VAR ICE LIBOR USD 3 Month+0.750%, 10/27/2070		250		229
SLM Student Loan Trust, Ser 2008-2, Cl B
2.514%, VAR ICE LIBOR USD 3 Month+1.200%, 01/25/2083		160		151
SLM Student Loan Trust, Ser 2008-3, Cl B
2.514%, VAR ICE LIBOR USD 3 Month+1.200%, 04/26/2083		160		150
SLM Student Loan Trust, Ser 2008-4, Cl A4
2.964%, VAR ICE LIBOR USD 3 Month+1.650%, 07/25/2022		1,068		1,096
SLM Student Loan Trust, Ser 2008-4, Cl B
3.164%, VAR ICE LIBOR USD 3 Month+1.850%, 04/25/2073		160		156
SLM Student Loan Trust, Ser 2008-5, Cl A4
3.014%, VAR ICE LIBOR USD 3 Month+1.700%, 07/25/2023		720		742
SLM Student Loan Trust, Ser 2008-5, Cl B
3.164%, VAR ICE LIBOR USD 3 Month+1.850%, 07/25/2073		160		160
SLM Student Loan Trust, Ser 2008-6, Cl B
3.164%, VAR ICE LIBOR USD 3 Month+1.850%, 07/26/2083		160		158
SLM Student Loan Trust, Ser 2008-7, Cl B
3.164%, VAR ICE LIBOR USD 3 Month+1.850%, 07/26/2083		160		159
SLM Student Loan Trust, Ser 2008-8, Cl B
3.564%, VAR ICE LIBOR USD 3 Month+2.250%, 10/25/2075		160		161
SLM Student Loan Trust, Ser 2008-9, Cl A
2.814%, VAR ICE LIBOR USD 3 Month+1.500%, 04/25/2023		599		613
SLM Student Loan Trust, Ser 2008-9, Cl B
3.564%, VAR ICE LIBOR USD 3 Month+2.250%, 10/25/2083		160		163
SLM Student Loan Trust, Ser 2009-3, Cl A
1.987%, VAR ICE LIBOR USD 1 Month+0.750%, 01/25/2045 (E)		808		804


Description	Face Amount (Thousands)		Market Value ($ Thousands)

ASSET-BACKED SECURITIES (continued)
SLM Student Loan Trust, Ser 2010-1, Cl A
1.637%, VAR ICE LIBOR USD 1 Month+0.400%, 03/25/2025	$	179	$	177
SLM Student Loan Trust, Ser 2012-1, Cl A3
2.184%, VAR ICE LIBOR USD 1 Month+0.950%, 09/25/2028		1,985		2,000
SLM Student Loan Trust, Ser 2012-2, Cl A
1.937%, VAR ICE LIBOR USD 1 Month+0.700%, 01/25/2029		709		710
SLM Student Loan Trust, Ser 2012-6, Cl A3
1.987%, VAR ICE LIBOR USD 1 Month+0.750%, 05/26/2026		195		194
SLM Student Loan Trust, Ser 2012-6, Cl B
2.237%, VAR ICE LIBOR USD 1 Month+1.000%, 04/27/2043		249		227
SLM Student Loan Trust, Ser 2012-D, Cl A2
2.950%, 02/15/2046 (E)		137		137
SLM Student Loan Trust, Ser 2013-1, Cl B
3.037%, VAR ICE LIBOR USD 1 Month+1.800%, 11/25/2070		180		181
SLM Student Loan Trust, Ser 2013-4, Cl A
1.787%, VAR ICE LIBOR USD 1 Month+0.550%, 06/25/2043		234		235
SLM Student Loan Trust, Ser 2013-B, Cl A2B
2.334%, VAR ICE LIBOR USD 1 Month+1.100%, 06/17/2030 (E)		115		116
SLM Student Loan Trust, Ser 2013-C, Cl A2A
2.940%, 10/15/2031 (E)		237		239
SLM Student Loan Trust, Ser 2013-M1, Cl M1
3.500%, 10/28/2029 (E)		251		248
SLM Student Loan Trust, Ser 2014-2, Cl A3
1.827%, VAR ICE LIBOR USD 1 Month+0.590%, 03/25/2055		1,097		1,100
SMB Private Education Loan Trust, Ser 2015- A, Cl A2A
2.490%, 06/15/2027 (E)		300		301
SMB Private Education Loan Trust, Ser 2015- A, Cl A2B
2.234%, VAR ICE LIBOR USD 1 Month+1.000%, 06/15/2027 (E)		634		640
SMB Private Education Loan Trust, Ser 2015- B, Cl A1
1.934%, VAR ICE LIBOR USD 1 Month+0.700%, 02/15/2023 (E)		18		18
SMB Private Education Loan Trust, Ser 2015- B, Cl A2A
2.980%, 07/15/2027 (E)		450		459
SMB Private Education Loan Trust, Ser 2015- B, Cl A2B
2.434%, VAR ICE LIBOR USD 1 Month+1.200%, 07/15/2027 (E)		2,634		2,693


178		SEI Institutional Managed Trust / Annual Report / September 30, 2017



Description	Face Amount (Thousands)		Market Value ($ Thousands)

ASSET-BACKED SECURITIES (continued)
SMB Private Education Loan Trust, Ser 2015- C, Cl A2A
2.750%, 07/15/2027 (E)	$	567	$	573
SMB Private Education Loan Trust, Ser 2015- C, Cl A2B
2.634%, VAR ICE LIBOR USD 1 Month+1.400%, 07/15/2027 (E)		424		433
SMB Private Education Loan Trust, Ser 2016- A, Cl A2A
2.700%, 05/15/2031 (E)		1,072		1,075
SMB Private Education Loan Trust, Ser 2016- A, Cl A2B
2.734%, VAR ICE LIBOR USD 1 Month+1.500%, 05/15/2031 (E)		1,927		1,982
SMB Private Education Loan Trust, Ser 2016- B, Cl A2A
2.430%, 02/17/2032 (E)		953		946
SMB Private Education Loan Trust, Ser 2016- B, Cl A2B
2.684%, VAR ICE LIBOR USD 1 Month+1.450%, 02/17/2032 (E)		1,740		1,799
SMB Private Education Loan Trust, Ser 2016- C, Cl A2A
2.340%, 09/15/2034 (E)		1,314		1,297
SMB Private Education Loan Trust, Ser 2016- C, Cl A2B
2.334%, VAR ICE LIBOR USD 1 Month+1.100%, 09/15/2034 (E)		2,176		2,214
SMB Private Education Loan Trust, Ser 2017- A, Cl A2A
2.880%, 09/15/2034 (E)		1,131		1,141
SMB Private Education Loan Trust, Ser 2017- A, Cl A2B
2.134%, VAR ICE LIBOR USD 1 Month+0.900%, 09/15/2034 (E)		1,008		1,017
SoFi Professional Loan Program, Ser 2016-A, Cl A2
2.760%, 12/26/2036 (E)		789		797
SoFi Professional Loan Program, Ser 2016-D, Cl A1
2.187%, VAR ICE LIBOR USD 1 Month+0.950%, 01/25/2039 (E)		168		170
SoFi Professional Loan Program, Ser 2016-E, Cl A1
2.087%, VAR ICE LIBOR USD 1 Month+0.850%, 07/25/2039 (E)		466		470
SoFi Professional Loan Program, Ser 2017-A, Cl A1
1.937%, VAR ICE LIBOR USD 1 Month+0.700%, 03/26/2040 (E)		409		411
SoFi Professional Loan Program, Ser 2017-A, Cl A2B
2.400%, 03/26/2040 (E)		404		401



Description	Face Amount (Thousands)		Market Value ($ Thousands)

ASSET-BACKED SECURITIES (continued)
SoFi Professional Loan Program, Ser 2017-B, Cl A2FX
2.740%, 05/25/2040 (E)	$	882	$	886
SoFi Professional Loan Program, Ser 2017-C, Cl A2B
2.630%, 07/25/2040 (E)		674		673
SoFi Professional Loan Program, Ser 2017-D, Cl A2FX
2.650%, 09/25/2040 (E)		1,160		1,153
Structured Asset Investment Loan Trust, Ser 2004-8, Cl A2
1.787%, VAR ICE LIBOR USD 1 Month+0.550%, 09/25/2034		495		482
Structured Asset Investment Loan Trust, Ser 2005-HE1, Cl M1
1.942%, VAR ICE LIBOR USD 1 Month+0.705%, 07/25/2035		1,710		1,713
Structured Asset Securities Mortgage Loan Trust, Ser 2005-WF2, Cl A3
1.837%, VAR ICE LIBOR USD 1 Month+0.600%, 05/25/2035		138		138
Structured Asset Securities Mortgage Loan Trust, Ser 2005-WF4, Cl M2
1.667%, VAR ICE LIBOR USD 1 Month+0.430%, 11/25/2035		857		858
Towd Point Mortgage Trust, Ser 2017-1, Cl A1
2.750%, 10/25/2056 (D)(E)		1,406		1,420
United States Small Business Administration, Ser 2017-20E, Cl 1
2.880%, 05/01/2037		270		274
Verizon Owner Trust, Ser 2016-1A, Cl A
1.420%, 01/20/2021 (E)		880		876
Verizon Owner Trust, Ser 2016-2A, Cl A
1.680%, 05/20/2021 (E)		430		429
Verizon Owner Trust, Ser 2017-2A, Cl A
1.920%, 12/20/2021 (E)		950		949
VOLT XL, Ser 2015-NP14, Cl A1
4.375%, 11/27/2045 (E)		95		96
Voya CLO, Ser 2016-1A, Cl A1R
2.634%, VAR ICE LIBOR USD 3 Month+1.330%, 04/18/2026 (E)		610		610
Voya CLO, Ser 2017-3A, Cl A1R
2.354%, VAR ICE LIBOR USD 3 Month+1.050%, 01/18/2026 (E)		500		501

				105,874

Total Asset-Backed Securities (Cost $143,461) ($ Thousands)				145,011


SOVEREIGN DEBT — 2.4%
Brazilian Government International Bond
6.000% , 04/07/2026		210		233


SEI Institutional Managed Trust / Annual Report / September 30, 2017		179

SCHEDULE OF INVESTMENTS

September 30, 2017

U.S. Fixed Income Fund (Continued)


Description	Face Amount (Thousands)		Market Value ($ Thousands)

SOVEREIGN DEBT (continued)
Chile Government International Bond
3.860% , 06/21/2047	$	555	$	565
Colombia Government International Bond
5.625% , 02/26/2044		690		771
5.000% , 06/15/2045		830		854
3.875% , 04/25/2027 (C)		401		407
Export-Import Bank of India
3.375% , 08/05/2026 (E)		350		344
FMS Wertmanagement AoeR
1.000% , 11/21/2017		200		200
Indonesia Government International Bond MTN
5.250% , 01/08/2047 (E)		200		225
5.125% , 01/15/2045 (E)		200		221
4.350% , 01/08/2027 (E)		315		334
3.850% , 07/18/2027 (E)		600		617
3.750% , 04/25/2022 (E)		740		768
3.700% , 01/08/2022 (E)		685		711
Israel Government International Bond
4.500% , 01/30/2043		315		342
Japan Bank for International Cooperation
2.250% , 02/24/2020		1,006		1,011
1.875% , 04/20/2021		238		235
1.750% , 05/28/2020		712		706
Japan Treasury Discount Bills
-0.158% , 01/10/2018 (A)(G)	JPY	1,255,000		11,153
-0.143% , 11/20/2017 (A)(G)		865,000		7,686
Kazakhstan Government International Bond
4.875% , 10/14/2044 (E)	$	660		675
Kuwait International Government Bond
3.500% , 03/20/2027 (E)		450		463
Mexico Government International Bond MTN
6.050% , 01/11/2040		100		120
5.750% , 10/12/2110		687		736
4.750% , 03/08/2044		3,210		3,308
4.000% , 10/02/2023		416		440
3.600% , 01/30/2025		520		533
Panama Government International Bond
4.500% , 05/15/2047		640		675
Peruvian Government International Bond
6.550% , 03/14/2037		50		67
5.625% , 11/18/2050		574		725
Province of Ontario Canada
1.625% , 01/18/2019		905		904
Province of Quebec Canada
2.625% , 02/13/2023		620		629
Republic of Poland Government International Bond
5.000% , 03/23/2022		100		110
4.000% , 01/22/2024		1,757		1,891
Saudi Government International Bond MTN
4.625% , 10/04/2047 (E)		260		260


Description	Face Amount (Thousands)		Market Value ($ Thousands)

SOVEREIGN DEBT (continued)
3.625% , 03/04/2028 (E)	$	695	$	693
2.875% , 03/04/2023 (E)		2,155		2,148
Uruguay Government International Bond
5.100% , 06/18/2050		650		686


Total Sovereign Debt (Cost $42,167) ($ Thousands)				42,446


MUNICIPAL BONDS — 0.4%

California — 0.2%
California, Health Facilities Financing Authority, RB
Callable 10/01/2026 @ 100 4.000%, 10/01/2047		700		725
California State, GO
6.200%, 03/01/2019		300		318
Los Angeles Community College District, GO
6.750%, 08/01/2049		560		853
State of California, GO
7.600%, 11/01/2040		410		640
6.650%, 03/01/2022		250		290


				2,826


Illinois — 0.0%
Carlyle City, GO
3.737%, 07/15/2019		17		17


Massachusetts — 0.1%
Commonwealth of Massachusetts, Ser D, GO
4.500%, 08/01/2031		1,110		1,256


Nevada — 0.0%
County of Clark Department of Aviation, Ser C, RB
6.820%, 07/01/2045		505		740


New York — 0.1%
New York and New Jersey, Port Authority, RB
4.458%, 10/01/2062		770		860
New York City, Transitional Finance Authority, Future Tax Secured Revenue, RB
5.508%, 08/01/2037		275		345
New York City, Transitional Finance Authority, Future Tax Secured Revenue, Sub-Ser A-5, RB
Callable 08/01/2027 @ 100 3.280%, 08/01/2029		595		593
New York State, Dormitory Authority, RB
5.500%, 03/15/2030		400		471


				2,269


180		SEI Institutional Managed Trust / Annual Report / September 30, 2017



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Ohio — 0.0%
Ohio State University, Ser A, RB
4.800%, 06/01/2111	$	226	$	245


Texas — 0.0%
North Texas, Tollway Authority, Ser B, RB
6.718%, 01/01/2049 (C)		531		787


Total Municipal Bonds (Cost $7,558) ($ Thousands)				8,140


U.S. GOVERNMENT AGENCY OBLIGATIONS — 0.4%
FHLB
3.000%, 09/11/2026		590		611
1.375%, 11/15/2019		1,370		1,365
FICO STRIPS, PO
0.000%, 05/11/2018 (A)		460		456
FNMA
2.563%, 10/09/2019 (A)		5,565		5,364


Total U.S. Government Agency Obligations (Cost $7,757) ($ Thousands)				7,796


	Shares


AFFILIATED PARTNERSHIP — 5.9%
SEI Liquidity Fund, L.P.
1.110% **^†(H)		105,685,241		105,671


Total Affiliated Partnership (Cost $105,674) ($ Thousands)				105,671


CASH EQUIVALENT — 12.8%
SEI Daily Income Trust, Government Fund, Cl F
0.840%**^†		230,643,508		230,644

Total Cash Equivalent (Cost $230,644) ($ Thousands)				230,644


Total Investments in Securities— 122.6% (Cost $2,191,494) ($ Thousands)			$	2,204,313

	Contracts


*PURCHASED OPTIONS — 0.0%**

Total Purchased Options(I) (Cost $139) ($ Thousands)		545	$	117



Description	Contracts			Market Value ($ Thousands)

*WRITTEN OPTIONS — 0.0%**

Total Written Options(I) (Premiums Received $163) ($ Thousands)		(693	)	$	(100)


SEI Institutional Managed Trust / Annual Report / September 30, 2017		181

SCHEDULE OF INVESTMENTS

September 30, 2017

U.S. Fixed Income Fund (Continued)

A list of the open contracts held by the Fund at September 30, 2017, is as follows:


Description	Number of Contracts			Notional Amount ($Thousands)		Exercise Price		Expiration Date		Value ($ Thousands)

PURCHASED OPTIONS — 0.0%

Put Options
March 2018, Euro Future*		34		$	2	$	98.25		03/17/18	$	2
November 2017, U.S. 10-Year Future*		56			13		125.00		10/21/17		22
November 2017, U.S. 5-Year Future*		30			9		118.00		10/21/17		19
November 2017, U.S. 5-Year Future*		6			1		117.25		10/21/17		1

					25						44


Call Options
November 2017, 90-Day Euro$ Future*		79			2		98.38		11/18/17		2
November 2017, U.S. 10-Year Future*		32			11		126.50		10/21/17		6
November 2017, U.S. 10-Year Future*		62			16		127.00		10/21/17		6
November 2017, U.S. 10-Year Future*		25			10		125.75		10/21/17		9
November 2017, U.S. 10-Year Future*		24			11		125.50		10/21/17		10
November 2017, U.S. 5-Year Future*		25			4		118.00		10/21/17		3
November 2017, U.S. 5-Year Future*		25			4		118.50		10/21/17		1
November 2017, U.S. 5-Year Future*		40			11		117.75		10/21/17		8
November 2017, U.S. Bond Future*		15			8		157.00		10/21/17		3
November 2017, U.S. Bond Future*		12			13		153.00		10/21/17		13
October 2017, U.S. Long Treasury Bond*		6			5		155.50		10/21/17		1
October 2017, U.S. Long Treasury Bond*		12			8		153.50		10/21/17		8
October 2017, U.S. Long Treasury Bond*		12			9		155.00		10/21/17		3
September 2017, U.S. 5-Year Future*		50			2		118.00		10/21/17		–

					114						73


Total Purchased Options				$	139					$	117

WRITTEN OPTIONS — 0.0%

Put Options
December 2017, U.S. 10-Year Future*		(18	)		(6)		124.00		11/18/17		(5	)
December 2017, U.S. 5-Year Future*		(25	)		(4)		117.00		11/18/17		(6	)
March 2018, Euro Future*		(34	)		(1)		98.13		03/17/18		(1	)
November 2017, U.S. 10-Year Future*		(24	)		(4)		125.50		10/21/17		(15	)
November 2017, U.S. 10-Year Future*		(24	)		(4)		123.50		10/21/17		(2	)
November 2017, U.S. 5-Year Future*		(24	)		(4)		117.50		10/21/17		(7	)
November 2017, U.S. 5-Year Future*		(12	)		(3)		117.75		10/21/17		(5	)
November 2017, U.S. Bond Future*		(12	)		(5)		150.50		10/21/17		(5	)
November 2017, U.S. Bond Future*		(6	)		(4)		153.00		10/21/17		(8	)
November 2017, U.S. Bond Future*		(6	)		(2)		150.00		10/21/17		(2	)

					(37)						(56	)


Call Options
December 2017, U.S. 10-Year Future*		(84	)		(18)		129.00		11/18/17		(6	)
December 2017, U.S. 10-Year Future*		(18	)		(8)		128.50		11/18/17		(2	)
December 2017, U.S. 5-Year Future*		(50	)		(6)		119.00		11/18/17		(4	)
December 2017, U.S. 5-Year Future*		(54	)		(10)		119.25		11/18/17		(3	)
December 2017, U.S. Bond Future*		(30	)		(10)		160.00		11/18/17		(6	)
December 2017, U.S. Bond Future*		(30	)		(8)		161.00		11/18/17		(5	)
November 2017, U.S. 10-Year Future*		(36	)		(8)		129.50		10/21/17		(1	)
November 2017, U.S. 10-Year Future*		(50	)		(7)		126.75		10/21/17		(6	)
November 2017, U.S. 10-Year Future*		(12	)		(3)		129.00		10/21/17		–
November 2017, U.S. 10-Year Future*		(24	)		(6)		128.00		10/21/17		(1	)
November 2017, U.S. Bond Future*		(4	)		(2)		154.50		10/21/17		(2	)
November 2017, U.S. Bond Future*		(62	)		(17)		160.00		10/21/17		(4	)


182		SEI Institutional Managed Trust / Annual Report / September 30, 2017



Description	Number of Contracts		Notional Amount ($Thousands)		Exercise Price		Expiration Date		Value ($ Thousands)

WRITTEN OPTIONS (continued)
November 2017, U.S. Bond Future*		(6)	$	(5)		$158.00		10/21/17	$	(1)
November 2017, U.S. Bond Future*		(12)		(8)		159.00		10/21/17		(1)
October 2017, U.S. Long Treasury Bond*		(24)		(6)		157.00		10/21/17		(1)
October 2017, U.S. Long Treasury Bond*		(12)		(4)		157.50		10/21/17		(1)

				(126)						(44)

Total Written Options			$	(163)					$	(100)

A list of the open futures contracts held by the Fund at September 30, 2017, is as follows:


Type of Contract	Number of Contracts Long		Expiration Date		Notional Amount ($ Thousands)		Value ($ Thousands)		Unrealized Appreciation (Depreciation) ($ Thousands)
90-Day Euro$		(24)		Jun-2018		$(5,907)		$(5,898)		$9
90-Day Euro$		(120)		Dec-2019		(29,273)		(29,384)		(111)
90-Day Euro$		(24)		Sep-2018		(5,903)		(5,893)		10
90-Day Euro$		33		Dec-2018		8,076		8,096		20
90-Day Euro$		(470)		Dec-2017		(115,817)		(115,761)		56
Euro-Bobl		(34)		Dec-2017		(5,340)		(5,273)		18
U.S. 10-Year Treasury Note		134		Dec-2017		16,946		16,792		(154)
U.S. 5-Year Treasury Note		580		Dec-2017		68,560		68,150		(410)
U.S. 2-Year Treasury Note		294		Jan-2018		63,569		63,417		(152)
U.S. Long Treasury Bond		(295)		Dec-2017		(45,858)		(45,080)		778
U.S. Ultra Long Treasury Bond		(26)		Dec-2017		(4,399)		(4,293)		106
Ultra 10-Year U.S. Treasury Note		(39)		Dec-2017		(5,299)		(5,239)		60

						$(60,645)		$(60,366)		$230

A list of the open forward foreign currency contracts held by the Fund at September 30, 2017, is as follows:


Counterparty	Settlement Date		Currency to Deliver (Thousands)			Currency to Receive (Thousands)		Unrealized Appreciation (Depreciation) ($ Thousands)

Bank of America		11/20/17	JPY	865,000	USD		7,977	$	273

Goldman Sachs		01/10/18	JPY	1,255,000	USD		11,189		(22	)

								$	251

A list of the open centrally cleared swap agreements held by the Fund at September 30, 2017 is as follows:

Credit Default Swaps

Reference Entity/ Obligation

Buy/Sell
Protection

(Pays)/Receives
Rate

Payment
Frequency

Termination
Date

Notional Amount
($ Thousands)

Value
($ Thousands)

Upfront Payments/
Receipts ($
Thousands)

Net Unrealized
Appreciation
($ Thousands)

CDX.HY.IG.28

Sell

1.00%

Quarterly

06/20/2022

(8,300

)

175

163


SEI Institutional Managed Trust / Annual Report / September 30, 2017			183

SCHEDULE OF INVESTMENTS

September 30, 2017

U.S. Fixed Income Fund (Concluded)


Interest Rate Swaps
Fund Pays	Fund Receives	Payment Frequency		Termination Date		Currency		Notional Amount (Thousands)		Value ($ Thousands)		Upfront Payments/ Receipts ($ Thousands)		Net Unrealized Appreciation (Depreciation) ($Thousands)
0.024744%	3-MONTH USD - LIBOR		Quarterly		11/15/2043		USD		8,265	$	143	$	155	$	(12	)
1.26653	3-MONTH USD - LIBOR		Quarterly		05/15/2023		USD		33,024		1,400		329		1,071

										$	1,543	$	484	$	1,059

Percentages are based on Net Assets of $1,797,351 ($ Thousands).

*	Non-income producing security.

**	Rate shown is the 7-day effective yield as of September 30, 2017.

^†	Investment in Affiliated Security (see Note 6).

(A)	Zero coupon security. The rate shown on the Schedule of Investments is the security’s effective yield at the time of purchase.

(B)	Security, or portion thereof, has been pledged as collateral on open futures contracts.

(C)	Certain securities or partial positions of certain securities are on loan at September 30, 2017 (see Note 10). The total market value of securities on loan at September 30, 2017 was $103,091 ($ Thousands).

(D)	Variable or floating rate security, the interest rate of which adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets.

(E)

Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration normally to qualified institutions. On September 30, 2017, the value of these securities amounted to $187,621 ($ Thousands), representing 10.4% of the Net Assets of the Fund.

(F)	Step Bonds – The rate reflected on the Schedule of Investments is the effective yield on September 30, 2017. The coupon on a step bond changes on a specified date.

(G)	Rate is negative due to the decrease in value of the foreign currency against the U.S. Dollar.

(H)	This security was purchased with cash collateral held from securities on loan (see Note 10). The total market value of such securities as of September 30, 2017 was $105,671 ($ Thousands).

(I)	Refer to table below for details on Options Contracts.

ARM — Adjustable Rate Mortgage

Cl — Class

CLO — Collateralized Loan Obligation

CMO — Collateralized Mortgage Obligation

FHLB — Federal Home Loan Bank

FHLMC — Federal Home Loan Mortgage Corporation

FICO — Financing Corporation

FNMA — Federal National Mortgage Association

GNMA — Government National Mortgage Association

GO — General Obligation

ICE — Intercontinental Exchange

IO — Interest Only — face amount represents notional amount.

JPY — Japanese Yen

LIBOR — London Interbank Offered Rate

LLC — Limited Liability Company

L.P. — Limited Partnership

MTN — Medium Term Note

PLC — Public Limited Company

PO — Principle Only

RB — Revenue Bond

Ser — Series

STRIPS — Separately Traded Registered Interest and Principal Securities

TBA — To Be Announced

VAR — Variable Rate

USD — United States Dollar

The following is a list of the level of inputs used as of September 30, 2017, in valuing the Fund’s investments and other financial instruments carried at value ($ Thousands):



Investments in Securities	Level 1			Level 2			Level 3		Total

U.S. Treasury Obligations	$	–		$	595,543		$	–	$	595,543
Mortgage-Backed Securities		–			581,024			–		581,024
Corporate Obligations		–			488,038			–		488,038
Asset-Backed Securities		–			145,011			–		145,011
Sovereign Debt		–			42,446			–		42,446
Municipal Bonds		–			8,140			–		8,140
U.S. Government Agency Obligations		–			7,796			–		7,796
Affiliated Partnership		–			105,671			–		105,671
Cash Equivalent		230,644			–			–		230,644


Total Investments in Securities	$	230,644		$	1,973,669		$	–	$	2,204,313




Other Financial Instruments	Level 1			Level 2			Level 3		Total

Purchased Options	$	117		$	–		$	–	$	117
Written Options		(100	)		–			–		(100	)
Futures Contracts *
Unrealized Appreciation		1,057			–			–		1,057
Unrealized Depreciation		(827	)		–			–		(827	)
Forwards Contracts *
Unrealized Appreciation		–			273			–		273
Unrealized Depreciation		–			(22	)		–		(22	)
Centrally Cleared Swaps
Credit Default Swaps *
Unrealized Appreciation		–			12			–		12
Interest Rate Swaps *
Unrealized Appreciation		–			1,071			–		1,071
Unrealized Depreciation		–			(12	)		–		(12	)

Total Other Financial Instruments	$	247		$	1,322		$	–	$	1,569

* Futures contracts, forward contracts and swap contracts are valued at the unrealized appreciation (depreciation) on the instrument.

For the year ended September 30, 2017, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the year ended September 30, 2017, there were no transfers between Level 2 and Level 3 assets and liabilities.

For more information on valuation inputs, see Note 2 – Significant Accounting Policies in Notes to Financial Statements.

Amounts designated as “—” are $0 or have been rounded to $0.


184		SEI Institutional Managed Trust / Annual Report / September 30, 2017

The following is a summary of the Fund’s transactions with affiliates for the year ended September 30, 2017 ($ Thousands):


Security Description	Value 9/30/2016		Purchases at Cost		Proceeds from Sales		Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)		Value 9/30/2017		Dividend Income
SEI Liquidity Fund, L.P.		$629		$1,053,638		$(948,594)		$(2)		$–		$105,671		$199
SEI Daily Income Trust, Government Fund, CI F		31,642		1,547,774		(1,348,772)		–		–		230,644		551

Totals		$32,271		$2,601,412		$(2,297,366)		$(2)		$ -		$336,315		$750

The accompanying notes are an integral part of the financial statements.


SEI Institutional Managed Trust / Annual Report / September 30, 2017			185

SCHEDULE OF INVESTMENTS

September 30, 2017

High Yield Bond Fund

LOGO

^†Percentages are based on total investments. Includes investments held as collateral for securities held on loan (see Note 10).


Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS — 74.8%

Consumer Discretionary — 20.1%
1011778 BC ULC / New Red Finance
5.000%, 10/15/2025 (A)	$	3,415	$	3,457
4.250%, 05/15/2024 (A)		3,056		3,067
Adelphia Communications (Escrow Security)
10.250%, 06/15/2011 (B) (E)		150		1
9.500%, 02/15/2004 (B) (E)		25		–
7.875%, 01/15/2009 (B) (E)		225		–
Adient Global Holdings
4.875%, 08/15/2026 (A)		2,130		2,178
Altice
7.750%, 05/15/2022 (A)		4,407		4,677
7.625%, 02/15/2025 (A)		2,850		3,074
Altice Financing
7.500%, 05/15/2026 (A)		4,922		5,414
6.625%, 02/15/2023 (A)		345		366
6.500%, 01/15/2022 (A)		300		312
Altice Finco
8.125%, 01/15/2024 (A)		610		659
Altice Finco MTN
7.625%, 02/15/2025 (A)		205		216
Altice US Finance
5.375%, 07/15/2023 (A)		1,946		2,058
AMC Entertainment Holdings
5.875%, 11/15/2026		921		908
5.750%, 06/15/2025		1,840		1,808
AMC Networks
5.000%, 04/01/2024		1,573		1,624
4.750%, 12/15/2022		2,210		2,273
4.750%, 08/01/2025		2,215		2,237


Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
American Axle & Manufacturing
6.625%, 10/15/2022	$	440	$	454
6.500%, 04/01/2027 (A)		660		666
6.250%, 04/01/2025 (A)		540		551
Apex Tool Group
7.000%, 02/01/2021 (A)		1,520		1,406
Aramark Services
4.750%, 06/01/2026		700		737
Ashtead Capital
4.375%, 08/15/2027 (A)		269		277
4.125%, 08/15/2025 (A)		269		277
Aventine (Escrow Security)
0.000%, 10/15/2049 (B) (C) (D) (E)		2,750		–
Belo
7.750%, 06/01/2027		1,675		1,897
Block Communications
6.875%, 02/15/2025 (A)		1,422		1,543
Bon-Ton Department Stores
8.000%, 06/15/2021		6,770		2,437
Boyd Gaming
6.375%, 04/01/2026		1,400		1,528
Brookfield Residential Properties
6.375%, 05/15/2025 (A)		458		482
Burger King Worldwide
6.000%, 04/01/2022 (A)		477		492
Cablevision Systems
5.875%, 09/15/2022		1,500		1,552
Caesars Entertainment Operating
11.250%, 06/01/2017 (E)		521		673
9.000%, 02/15/2020 (E)		3,654		4,850
8.500%, 02/15/2020 (E)		1,239		1,644
CBS Radio
7.250%, 11/01/2024 (A)		230		246
CCM Merger
6.000%, 03/15/2022 (A)		695		719
CCO Holdings
5.875%, 04/01/2024 (A)		1,820		1,931
5.750%, 02/15/2026 (A)		2,625		2,752
5.500%, 05/01/2026 (A)		3,670		3,803
5.375%, 05/01/2025 (A)		2,340		2,425
5.250%, 09/30/2022		250		258
5.125%, 05/01/2027 (A)		5,068		5,138
5.000%, 02/01/2028 (A)		1,416		1,411
CEC Entertainment
8.000%, 02/15/2022		1,283		1,331
Cedar Fair
5.375%, 06/01/2024		1,174		1,234
Cengage Learning
9.500%, 06/15/2024 (A)		4,720		4,106
Century Communities
6.875%, 05/15/2022		1,920		2,028


186		SEI Institutional Managed Trust / Annual Report / September 30, 2017


Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Cequel Communications Holdings I
7.750%, 07/15/2025 (A)	$	895	$	989
5.125%, 12/15/2021 (A)		620		631
Cinemark USA
4.875%, 06/01/2023		500		505
Claire’s Stores
9.000%, 03/15/2019 (A)		1,590		912
Clear Channel Worldwide Holdings
7.625%, 03/15/2020		3,629		3,583
6.500%, 11/15/2022		3,325		3,421
Constellation
8.500%, 09/15/2025 (A)		485		477
Cooper-Standard Automotive
5.625%, 11/15/2026 (A)		430		440
CSC Holdings
10.875%, 10/15/2025 (A)		4,618		5,709
10.125%, 01/15/2023 (A)		2,185		2,521
6.750%, 11/15/2021		1,250		1,381
6.625%, 10/15/2025 (A)		420		460
5.250%, 06/01/2024		2,249		2,274
Cumulus Media Holdings
7.750%, 05/01/2019		4,580		1,317
Dana
6.000%, 09/15/2023		1,000		1,052
5.500%, 12/15/2024		470		494
Dana Financing Luxembourg Sarl
6.500%, 06/01/2026 (A)		145		157
Delphi Jersey Holdings
5.000%, 10/01/2025 (A)		5,031		5,119
Diamond Resorts International
10.750%, 09/01/2024 (A)		1,880		2,002
DISH DBS
7.750%, 07/01/2026		280		322
5.875%, 07/15/2022		1,366		1,451
5.875%, 11/15/2024		11,244		11,785
5.000%, 03/15/2023		3,240		3,311
Eldorado Resorts
6.000%, 04/01/2025		2,420		2,541
ESH Hospitality
5.250%, 05/01/2025 (A)		3,760		3,887
EW Scripps
5.125%, 05/15/2025 (A)		735		750
Fiat Chrysler Automobiles
5.250%, 04/15/2023		410		437
Fontainebleau Las Vegas Holdings
10.250%, 06/15/2015 (A)(B)(E)		3,108		–
Gannett
5.500%, 09/15/2024 (A)		336		354
Golden Nugget
8.750%, 10/01/2025 (A)		740		753
Goodyear Tire & Rubber
5.125%, 11/15/2023		425		445


Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Gray Television
5.875%, 07/15/2026 (A)	$	1,065	$	1,097
5.125%, 10/15/2024 (A)		2,400		2,412
Group 1 Automotive
5.250%, 12/15/2023 (A)		775		785
Guitar Center
9.625%, 04/15/2020 (A)		5,165		3,202
6.500%, 04/15/2019 (A)		1,300		1,180
Hanesbrands
4.875%, 05/15/2026 (A)		155		161
Herc Rentals
7.750%, 06/01/2024 (A)		756		820
7.500%, 06/01/2022 (A)		352		381
Hilton Domestic Operating
4.250%, 09/01/2024		2,278		2,324
Hilton Grand Vacations Borrower
6.125%, 12/01/2024 (A)		115		126
Hilton Worldwide Finance
4.875%, 04/01/2027		115		121
4.625%, 04/01/2025		230		237
iHeartCommunications
14.000% cash/14.000% PIK,
02/01/2021		6,016		812
10.625%, 03/15/2023		951		671
9.000%, 12/15/2019		2,239		1,690
9.000%, 03/01/2021		2,075		1,473
9.000%, 09/15/2022		2,173		1,532
iHeartCommunications (Escrow Security)
12.000%, 08/01/2021 (B)		3,515		–
IHO Verwaltungs GmbH
4.500% cash/5.250% PIK,
09/15/2023 (A)		510		519
Inn of the Mountain Gods Resort & Casino
9.250%, 11/30/2020 (A) (F)		4,420		3,978
International Game Technology
6.500%, 02/15/2025 (A)		1,025		1,152
6.250%, 02/15/2022 (A)		320		354
Interval Acquisition
5.625%, 04/15/2023		620		639
Jack Ohio Finance
6.750%, 11/15/2021 (A)		2,150		2,255
Jacobs Entertainment
7.875%, 02/01/2024 (A)		830		894
JC Penney
6.375%, 10/15/2036		505		357
5.875%, 07/01/2023 (A)		1,569		1,585
KFC Holding
5.000%, 06/01/2024 (A)		1,994		2,101
4.750%, 06/01/2027 (A)		835		860
L Brands
6.950%, 03/01/2033		646		632
6.875%, 11/01/2035		945		917


SEI Institutional Managed Trust / Annual Report / September 30, 2017		187

SCHEDULE OF INVESTMENTS

September 30, 2017

High Yield Bond Fund (Continued)


Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
6.750%, 07/01/2036	$	1,395	$	1,349
5.625%, 02/15/2022		1,000		1,067
Landry’s
6.750%, 10/15/2024 (A)		2,709		2,739
Lee Enterprises
9.500%, 03/15/2022 (A)		1,300		1,350
Liberty Media
8.250%, 02/01/2030		2,205		2,437
Lions Gate Entertainment
5.875%, 11/01/2024 (A)		1,000		1,050
Lithia Motors
5.250%, 08/01/2025 (A)		180		187
Live Nation Entertainment
4.875%, 11/01/2024 (A)		90		93
M/I Homes
6.750%, 01/15/2021		935		976
5.625%, 08/01/2025 (A)		1,780		1,818
Mattamy Group
6.500%, 10/01/2025 (A)		1,135		1,163
McClatchy
9.000%, 12/15/2022		2,960		3,056
McGraw-Hill Global Education Holdings
7.875%, 05/15/2024 (A)		162		160
MGM Resorts International
7.750%, 03/15/2022		1,615		1,885
6.000%, 03/15/2023		3,488		3,846
4.625%, 09/01/2026		1,872		1,895
Midcontinent Communications
6.875%, 08/15/2023 (A)		1,320		1,422
Millennium (Escrow Security)
7.625%, 11/15/2026 (B) (E)		175		–
Mohegan Gaming & Entertainment
7.875%, 10/15/2024 (A)		2,739		2,910
Monitronics International
9.125%, 04/01/2020		5,651		5,029
Neiman Marcus Group
8.750% cash/9.500% PIK, 10/15/2021 (A)		675		317
8.000%, 10/15/2021 (A)		365		190
Nexstar Broadcasting
6.125%, 02/15/2022 (A)		380		396
5.625%, 08/01/2024 (A)		2,823		2,922
Nine West Holdings
8.250%, 03/15/2019 (A)		4,619		831
PetSmart
8.875%, 06/01/2025 (A)		420		334
7.125%, 03/15/2023 (A)		1,225		955
5.875%, 06/01/2025 (A)		340		297
Pinnacle Entertainment
5.625%, 05/01/2024		1,350		1,380
PulteGroup
5.000%, 01/15/2027		987		1,026


Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Quebecor Media
5.750%, 01/15/2023	$	2,270	$	2,469
Quebecor Media (Escrow Security)
0.000%, 11/15/2013 (B) (E) (G)		1,725		2
0.000%, 03/15/2016 (B) (E)		1,915		–
QVC
4.450%, 02/15/2025		595		604
Radiate Holdco
6.625%, 02/15/2025 (A)		3,764		3,679
Regal Entertainment Group
5.750%, 03/15/2022		305		315
5.750%, 06/15/2023		280		288
Ritchie Bros Auctioneers
5.375%, 01/15/2025 (A)		329		348
Sally Holdings
5.625%, 12/01/2025		1,848		1,894
Scientific Games International
7.000%, 01/01/2022 (A)		1,994		2,116
Seminole Tribe of Florida
6.535%, 10/01/2020 (A)		310		316
Service International
7.500%, 04/01/2027		1,295		1,551
ServiceMaster
5.125%, 11/15/2024 (A)		621		638
SFR Group
7.375%, 05/01/2026 (A)		9,444		10,200
6.250%, 05/15/2024 (A)		1,991		2,102
6.000%, 05/15/2022 (A)		1,805		1,886
Silversea Cruise Finance
7.250%, 02/01/2025 (A)		2,190		2,343
Sinclair Television Group
6.125%, 10/01/2022		795		819
5.625%, 08/01/2024 (A)		840		862
5.125%, 02/15/2027 (A)		3,489		3,389
Sirius XM Radio
6.000%, 07/15/2024 (A)		748		805
5.375%, 04/15/2025 (A)		4,420		4,663
5.375%, 07/15/2026 (A)		2,475		2,605
5.000%, 08/01/2027 (A)		1,220		1,245
4.625%, 05/15/2023 (A)		730		750
Six Flags Entertainment
5.500%, 04/15/2027 (A)		1,675		1,717
4.875%, 07/31/2024 (A)		3,203		3,259
Staples
8.500%, 09/15/2025 (A)		755		734
Station Casinos
5.000%, 10/01/2025 (A)		2,568		2,574
Sugarhouse HSP Gaming Prop Mezz
5.875%, 05/15/2025 (A)		3,105		3,051
Taylor Morrison Communities
5.625%, 03/01/2024 (A)		1,755		1,825


188		SEI Institutional Managed Trust / Annual Report / September 30, 2017


Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
TEGNA
6.375%, 10/15/2023	$	250	$	266
Tempur Sealy International
5.625%, 10/15/2023		595		626
5.500%, 06/15/2026		455		466
Tenneco
5.000%, 07/15/2026		340		349
Tesla
5.300%, 08/15/2025 (A)		4,231		4,125
TI Group Automotive Systems
8.750%, 07/15/2023 (A)		3,724		3,947
Time
5.750%, 04/15/2022 (A)		545		558
Tribune Media
5.875%, 07/15/2022		3,140		3,266
Unitymedia GmbH
6.125%, 01/15/2025 (A)		795		848
Unitymedia Hessen GmbH & KG
5.000%, 01/15/2025 (A)		1,100		1,156
Univision Communications
5.125%, 02/15/2025 (A)		5,151		5,196
UPCB Finance IV
5.375%, 01/15/2025 (A)		1,630		1,695
Urban One
9.250%, 02/15/2020 (A)		4,076		3,862
7.375%, 04/15/2022 (A)		3,022		3,022
Videotron
5.375%, 06/15/2024 (A)		635		689
5.125%, 04/15/2027 (A)		1,810		1,882
Viking Cruises
6.250%, 05/15/2025 (A)		3,215		3,316
5.875%, 09/15/2027 (A)		1,575		1,580
Virgin Media Finance
5.750%, 01/15/2025 (A)		2,197		2,277
Virgin Media Secured Finance
5.500%, 01/15/2025 (A)		200		210
5.500%, 08/15/2026 (A)		480		506
5.250%, 01/15/2026 (A)		2,635		2,744
Vista Outdoor
5.875%, 10/01/2023		1,075		1,106
Wave Holdco
8.250% cash/9.000% PIK,
07/15/2019 (A)		416		417
WMG Acquisition
5.625%, 04/15/2022 (A)		58		60
4.875%, 11/01/2024 (A)		135		139
Wynn Las Vegas
5.500%, 03/01/2025 (A)		2,090		2,176
5.250%, 05/15/2027 (A)		646		658
Yum! Brands
6.875%, 11/15/2037		1,915		2,104
5.350%, 11/01/2043		130		122


Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Ziggo Bond Finance BV
6.000%, 01/15/2027 (A)	$	2,000	$	2,070
Ziggo Secured Finance BV
5.500%, 01/15/2027 (A)		1,535		1,573


				333,064


Consumer Staples — 2.2%
Albertsons
6.625%, 06/15/2024		590		551
5.750%, 03/15/2025		1,247		1,097
Avon International Operations
7.875%, 08/15/2022 (A)		648		672
Avon Products
7.000%, 03/15/2023		269		236
B&G Foods
5.250%, 04/01/2025		1,200		1,230
Central Garden & Pet
6.125%, 11/15/2023		495		527
Clearwater Seafoods
6.875%, 05/01/2025 (A)		880		934
Cott Holdings
5.500%, 04/01/2025 (A)		815		850
Energizer Holdings
5.500%, 06/15/2025 (A)		775		816
First Quality Finance
5.000%, 07/01/2025 (A)		1,150		1,186
High Ridge Brands
8.875%, 03/15/2025 (A)		405		386
HRG Group
7.875%, 07/15/2019		140		143
7.750%, 01/15/2022		2,062		2,152
KeHE Distributors
7.625%, 08/15/2021 (A)		1,900		1,910
Lamb Weston Holdings
4.875%, 11/01/2026 (A)		2,000		2,100
New Albertson’s
8.000%, 05/01/2031		4,610		3,688
7.750%, 06/15/2026		160		131
7.450%, 08/01/2029		1,605		1,244
Pilgrim’s Pride
5.875%, 09/30/2027 (A)(B)		1,947		1,988
Post Holdings
5.750%, 03/01/2027 (A)		940		968
5.500%, 03/01/2025 (A)		290		301
5.000%, 08/15/2026 (A)		3,628		3,619
Rite Aid
7.700%, 02/15/2027		2,550		2,253
6.125%, 04/01/2023 (A)		3,632		3,528
Spectrum Brands
5.750%, 07/15/2025		926		986
SUPERVALU
6.750%, 06/01/2021		1,995		1,890


SEI Institutional Managed Trust / Annual Report / September 30, 2017		189

SCHEDULE OF INVESTMENTS

September 30, 2017

High Yield Bond Fund (Continued)


Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
TreeHouse Foods
6.000%, 02/15/2024 (A)	$	645	$	689


				36,075


Energy — 10.7%
Alta Mesa Holdings
7.875%, 12/15/2024 (A)		1,810		1,955
American Greetings
7.875%, 02/15/2025 (A)		65		70
Andeavor Logistics
6.375%, 05/01/2024		250		271
6.250%, 10/15/2022		255		271
6.125%, 10/15/2021		285		294
5.875%, 10/01/2020		500		509
5.250%, 01/15/2025		205		220
Antero Midstream Partners
5.375%, 09/15/2024		280		290
Antero Resources
5.625%, 06/01/2023		1,252		1,305
5.125%, 12/01/2022		655		670
Archrock Partners
6.000%, 04/01/2021		475		466
Atwood Oceanics
6.500%, 02/01/2020		967		961
Blue Racer Midstream
6.125%, 11/15/2022 (A)		5,680		5,893
Boardwalk Pipelines
5.950%, 06/01/2026		425		475
Calfrac Holdings
7.500%, 12/01/2020 (A)		3,693		3,550
California Resources
8.000%, 12/15/2022 (A)		2,855		1,856
Calumet Specialty Products Partners
6.500%, 04/15/2021		3,021		2,951
Carrizo Oil & Gas
8.250%, 07/15/2025		1,201		1,305
7.500%, 09/15/2020		200		204
6.250%, 04/15/2023		320		325
Cheniere Corpus Christi Holdings
5.875%, 03/31/2025		1,733		1,865
5.125%, 06/30/2027 (A)		1,895		1,952
Chesapeake Energy
8.000%, 12/15/2022 (A)		1,021		1,100
8.000%, 01/15/2025 (A)		2,886		2,915
8.000%, 06/15/2027 (A)		1,140		1,129
Cloud Peak Energy Resources
12.000%, 11/01/2021		745		782
CONSOL Energy
5.875%, 04/15/2022		1,853		1,872
Continental Resources
5.000%, 09/15/2022		850		864
4.500%, 04/15/2023		3,690		3,699


Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Covey Park Energy
7.500%, 05/15/2025 (A)	$	170	$	176
Crestwood Midstream Partners
6.250%, 04/01/2023		365		376
5.750%, 04/01/2025		4,075		4,162
CSI Compressco
7.250%, 08/15/2022		195		180
DCP Midstream Operating
5.850%, VAR ICE LIBOR USD 3 Month+3.850%, 05/21/2043 (A)		646		602
Delek Logistics Partners
6.750%, 05/15/2025 (A)		811		817
Denbury Resources
9.000%, 05/15/2021 (A)		1,031		1,007
5.500%, 05/01/2022		125		71
4.625%, 07/15/2023		1,595		845
Diamond Offshore Drilling
7.875%, 08/15/2025		804		850
Energy Transfer
5.500%, 04/15/2023		510		525
Energy Transfer Equity
5.875%, 01/15/2024		977		1,049
EnLink Midstream Partners
5.050%, 04/01/2045		1,253		1,207
4.400%, 04/01/2024		560		579
Ensco
8.000%, 01/31/2024		962		945
5.750%, 10/01/2044		1,705		1,224
EP Energy
9.375%, 05/01/2020		545		454
8.000%, 11/29/2024 (A)		545		550
8.000%, 02/15/2025 (A)		1,118		871
7.750%, 09/01/2022		210		133
Exterran Energy Solutions
8.125%, 05/01/2025 (A)		465		481
Extraction Oil & Gas
7.875%, 07/15/2021 (A)		2,625		2,769
7.375%, 05/15/2024 (A)		589		613
FTS International
8.820%, VAR ICE LIBOR USD 3 Month+7.500%, 06/15/2020 (A)		1,028		1,045
6.250%, 05/01/2022		4,551		4,164
Genesis Energy
6.750%, 08/01/2022		2,470		2,525
6.500%, 10/01/2025		805		796
6.000%, 05/15/2023		1,640		1,628
Gulfport Energy
6.000%, 10/15/2024		830		836
Halcon Resources
6.750%, 02/15/2025 (A)		765		792
Hilcorp Energy I
5.750%, 10/01/2025 (A)		1,600		1,618


190		SEI Institutional Managed Trust / Annual Report / September 30, 2017


Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
IronGate Energy Services
11.000%, 07/01/2018 (A)(E)	$	400	$	140
Jones Energy Holdings
9.250%, 03/15/2023		2,106		1,748
Jupiter Resources
8.500%, 10/01/2022 (A)		3,510		2,518
KCA Deutag UK Finance
9.875%, 04/01/2022 (A)		1,130		1,172
Laredo Petroleum
7.375%, 05/01/2022		2,132		2,207
5.625%, 01/15/2022		80		80
MEG Energy
7.000%, 03/31/2024 (A)		3,467		2,973
6.500%, 01/15/2025 (A)		4,825		4,710
6.375%, 01/30/2023 (A)		1,665		1,453
Midstates Petroleum
10.750%, 10/01/2020 (B) (E)		2,540		–
10.000%, 06/01/2020 (B) (E)		720		–
9.250%, 06/01/2021 (B) (E)		360		–
Murphy Oil
6.875%, 08/15/2024		420		448
Murray Energy
11.250%, 04/15/2021 (A)		2,608		1,555
Nabors Industries
5.500%, 01/15/2023		125		123
Newfield Exploration
5.750%, 01/30/2022		300		320
5.625%, 07/01/2024		905		971
5.375%, 01/01/2026		830		872
NGL Energy Partners
7.500%, 11/01/2023		2,280		2,269
6.125%, 03/01/2025		1,208		1,123
NGPL PipeCo
4.875%, 08/15/2027 (A)		95		100
4.375%, 08/15/2022 (A)		385		399
Noble Holding International
7.750%, 01/15/2024		5,229		4,641
Oasis Petroleum
6.875%, 03/15/2022		400		407
6.875%, 01/15/2023		790		802
6.500%, 11/01/2021		185		189
Parker Drilling
6.750%, 07/15/2022		3,920		3,126
Parsley Energy
5.375%, 01/15/2025 (A)		1,734		1,771
5.250%, 08/15/2025 (A)		1,075		1,092
PBF Holding
7.000%, 11/15/2023		805		828
PDC Energy
7.750%, 10/15/2022		500		521
6.125%, 09/15/2024		246		257


Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Peabody Energy
6.375%, 03/31/2025 (A)	$	2,675	$	2,749
6.000%, 03/31/2022 (A)		436		450
Plains All American Pipeline
4.500%, 12/15/2026		1,878		1,906
Precision Drilling
7.750%, 12/15/2023		257		262
Pride International
7.875%, 08/15/2040		245		208
Range Resources
5.000%, 08/15/2022 (A)		65		65
5.000%, 03/15/2023 (A)		270		268
4.875%, 05/15/2025		869		856
Rowan
7.375%, 06/15/2025		2,908		2,843
5.850%, 01/15/2044		1,745		1,387
5.400%, 12/01/2042		370		281
RSP Permian
6.625%, 10/01/2022		250		262
5.250%, 01/15/2025 (A)		140		142
Sabine Pass Liquefaction
5.875%, 06/30/2026		140		156
5.750%, 05/15/2024		1,690		1,880
5.000%, 03/15/2027		350		374
Sable Permian Resources (Escrow)
8.000%, 06/15/2020 (A)		1,411		1,437
Sanchez Energy
7.750%, 06/15/2021		65		62
6.125%, 01/15/2023		445		380
SemGroup/Rose Rock Financial
5.625%, 07/15/2022		5,290		5,171
SESI LLC
7.125%, 12/15/2021		2,017		2,057
Seventy Seven Energy (Escrow)
6.500%, 07/15/2022 (E)		305		–
Seventy Seven Operating (Escrow)
6.625%, 11/15/2019 (B)(E)		1,869		–
SM Energy
6.500%, 11/15/2021		250		253
6.500%, 01/01/2023		180		181
6.125%, 11/15/2022		465		466
5.625%, 06/01/2025		295		280
5.000%, 01/15/2024		1,288		1,214
Southwestern Energy
7.750%, 10/01/2027		744		772
7.500%, 04/01/2026		744		774
6.700%, 01/23/2025		2,715		2,755
4.100%, 03/15/2022		1,546		1,486
Summit Midstream Holdings
5.750%, 04/15/2025		2,940		2,984
5.500%, 08/15/2022		1,548		1,556


SEI Institutional Managed Trust / Annual Report / September 30, 2017		191

SCHEDULE OF INVESTMENTS

September 30, 2017

High Yield Bond Fund (Continued)


Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Tallgrass Energy Partners
5.500%, 01/15/2028 (A)	$	330	$	335
Targa Resources Partners
6.750%, 03/15/2024		2,495		2,707
5.125%, 02/01/2025		160		165
4.250%, 11/15/2023		65		64
Texas Energy (Escrow Security)
3.832%, 12/31/2034 (B)		167		23
Transocean
9.000%, 07/15/2023 (A)		1,790		1,929
7.500%, 04/15/2031		1,619		1,473
5.800%, 10/15/2022		3,605		3,542
Tullow Oil
6.250%, 04/15/2022 (A)		904		879
6.000%, 11/01/2020 (A)		471		468
Ultra Resources
6.875%, 04/15/2022 (A)		2,000		2,040
Weatherford International
9.875%, 02/15/2024 (A)		635		699
8.250%, 06/15/2023		1,941		1,999
5.950%, 04/15/2042		2,520		2,066
Whiting Petroleum
6.250%, 04/01/2023		3,569		3,511
5.750%, 03/15/2021		1,169		1,149
WildHorse Resource Development
6.875%, 02/01/2025 (A)		1,502		1,500
Williams
4.550%, 06/24/2024		802		830
WPX Energy
8.250%, 08/01/2023		800		897
7.500%, 08/01/2020		734		798
6.000%, 01/15/2022		235		243
5.250%, 09/15/2024		813		815


				176,773


Financials — 4.7%
Ally Financial
5.750%, 11/20/2025		2,620		2,840
5.125%, 09/30/2024		80		87
4.625%, 05/19/2022		835		875
4.250%, 04/15/2021		390		404
4.125%, 03/30/2020		595		613
4.125%, 02/13/2022		95		98
ASP AMC
8.000%, 05/15/2025 (A)		2,196		2,114
AssuredPartners
7.000%, 08/15/2025 (A)		1,419		1,453
Bank of America
8.000%, VAR ICE LIBOR USD 3
Month+3.630%, 12/31/2049		1,670		1,694
6.500%, VAR ICE LIBOR USD 3
Month+4.174%, 12/31/2049		1,380		1,560


Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
5.125%, VAR ICE LIBOR USD 3 Month+3.387%, 12/31/2049	$	1,917	$	1,958
BCD Acquisition
9.625%, 09/15/2023 (A)		1,890		2,079
Citigroup
5.950%, VAR ICE LIBOR USD 3 Month+3.905%, 12/31/2049		50		54
5.950%, VAR ICE LIBOR USD 3 Month+4.068%, 12/29/2049		1,250		1,345
5.875%, VAR ICE LIBOR USD 3 Month+4.059%, 12/29/2049		280		293
5.800%, VAR ICE LIBOR USD 3 Month+4.093%, 11/29/2049		280		289
City National Bank
9.000%, 08/12/2019 (B)		3,384		3,751
CNG Holdings
9.375%, 05/15/2020 (A)		1,330		1,164
Credit Acceptance
7.375%, 03/15/2023		1,780		1,882
6.125%, 02/15/2021		1,195		1,213
Credit Suisse Group
7.500%, VAR USD Swap Semi 30/360 5 Year Curr+4.598%, 12/31/2049 (A)		765		864
CSTN
6.750%, 08/15/2024 (A)		1,005		1,002
CTR Partnership
5.250%, 06/01/2025		2,110		2,171
Donnelley Financial Solutions
8.250%, 10/15/2024		1,206		1,290
FBM Finance
8.250%, 08/15/2021 (A)		707		756
HUB International
7.875%, 10/01/2021 (A)		3,710		3,863
Infinity Acquisition
7.250%, 08/01/2022 (A)		585		572
JPMorgan Chase
7.900%, VAR ICE LIBOR USD 3 Month+3.470%, 12/31/2049		1,967		2,026
6.750%, VAR ICE LIBOR USD 3 Month+3.780%, 12/31/2049		1,485		1,699
6.000%, VAR ICE LIBOR USD 3 Month+3.300%, 12/29/2049		1,865		2,028
Lloyds Banking Group
7.500%, VAR USD Swap Semi 30/360 5 Year Curr+4.760%, 12/01/2099		1,965		2,203
LPL Holdings
5.750%, 09/15/2025 (A)		3,287		3,408
MGIC Investment
5.750%, 08/15/2023		1,320		1,452
MGM Growth Properties Operating Partnership
5.625%, 05/01/2024		2,843		3,080
4.500%, 09/01/2026		2,795		2,837


192		SEI Institutional Managed Trust / Annual Report / September 30, 2017


Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
4.500%, 01/15/2028 (A)	$	95	$	96
MSCI
5.750%, 08/15/2025 (A)		566		618
4.750%, 08/01/2026 (A)		955		1,005
National Life Insurance
10.500%, 09/15/2039 (A)		990		1,643
Nationstar Mortgage
6.500%, 07/01/2021		1,525		1,556
Navient
7.250%, 09/25/2023		1,176		1,277
6.625%, 07/26/2021		2,390		2,557
6.500%, 06/15/2022		420		446
NSG Holdings
7.750%, 12/15/2025 (A)		1,687		1,827
Popular
7.000%, 07/01/2019		1,288		1,323
Royal Bank of Scotland Group PLC
8.000%, VAR USD Swap Semi 30/360
5 Year Curr+5.720%, 12/29/2049		1,340		1,484
5.125%, 05/28/2024		780		830
Springleaf Finance
7.750%, 10/01/2021		1,790		2,022
6.125%, 05/15/2022		810		858
Starwood Property Trust
5.000%, 12/15/2021		1,275		1,331
Syniverse Foreign Holdings
9.125%, 01/15/2022 (A)		1,305		1,328
Wells Fargo
7.980%, VAR ICE LIBOR USD 3
Month+3.770%, 03/29/2049		950		979
York Risk Services Holding
8.500%, 10/01/2022 (A)		2,250		2,216


				78,413


Health Care — 8.7%
21st Century Oncology
11.000%, 05/01/2023 (A)(E)		619		433
Air Medical Group Holdings
6.375%, 05/15/2023 (A)		2,937		2,827
Alere
6.500%, 06/15/2020		215		219
6.375%, 07/01/2023 (A)		325		350
Aurora Diagnostics Holdings
12.250%, 01/15/2020		4,845		4,482
Avantor
6.000%, 10/01/2024 (A)		350		359
BioScrip
8.875%, 02/15/2021		3,211		2,938
Centene
6.125%, 02/15/2024		660		713
4.750%, 05/15/2022		1,570		1,639
4.750%, 01/15/2025		4,075		4,228


Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
CHS
6.875%, 02/01/2022	$	1,455	$	1,142
Concordia International
9.000%, 04/01/2022 (A)		227		177
DaVita
5.000%, 05/01/2025		2,910		2,871
DaVita HealthCare Partners
5.125%, 07/15/2024		2,465		2,471
DJO Finco
8.125%, 06/15/2021 (A)		4,821		4,616
Endo
6.000%, 07/15/2023 (A)		825		681
5.875%, 10/15/2024 (A)		1,604		1,680
Envision Healthcare
6.250%, 12/01/2024 (A)		1,800		1,931
5.625%, 07/15/2022		2,075		2,163
Gates Global
6.000%, 07/15/2022 (A)		765		786
HCA
7.500%, 02/15/2022		1,920		2,202
5.875%, 05/01/2023		2,765		3,007
5.875%, 02/15/2026		3,435		3,688
5.375%, 02/01/2025		9,688		10,209
5.250%, 04/15/2025		4,108		4,442
5.250%, 06/15/2026		1,815		1,956
HealthSouth
5.750%, 11/01/2024		692		710
5.750%, 09/15/2025		877		913
Hill-Rom Holdings
5.750%, 09/01/2023 (A)		2,360		2,490
5.000%, 02/15/2025 (A)		185		191
IASIS Healthcare
8.375%, 05/15/2019		790		793
inVentiv Group Holdings
7.500%, 10/01/2024 (A)		606		673
Kindred Healthcare
8.750%, 01/15/2023		910		849
6.375%, 04/15/2022		3,975		3,597
Kinetic Concepts
7.875%, 02/15/2021 (A)		785		823
Mallinckrodt International Finance
5.625%, 10/15/2023 (A)		315		294
5.500%, 04/15/2025 (A)		2,102		1,897
4.750%, 04/15/2023		1,951		1,663
Molina Healthcare
5.375%, 11/15/2022		3,021		3,114
4.875%, 06/15/2025 (A)		3,177		3,129
MPH Acquisition Holdings
7.125%, 06/01/2024 (A)		1,028		1,105
Opal Acquisition
10.000%, 10/01/2024 (A)		1,764		1,528
7.500%, 07/01/2024 (A)		232		226


SEI Institutional Managed Trust / Annual Report / September 30, 2017		193

SCHEDULE OF INVESTMENTS

September 30, 2017

High Yield Bond Fund (Continued)


Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Ortho-Clinical Diagnostics
6.625%, 05/15/2022 (A)	$	1,080	$	1,058
Quintiles IMS
5.000%, 10/15/2026 (A)		3,101		3,287
4.875%, 05/15/2023 (A)		1,980		2,059
RegionalCare Hospital Partners Holdings
8.250%, 05/01/2023 (A)		2,825		2,970
Select Medical
6.375%, 06/01/2021		2,920		3,008
SP Finco
6.750%, 07/01/2025 (A)		403		379
Sterigenics-Nordion Holdings
6.500%, 05/15/2023 (A)		1,426		1,483
Tenet Healthcare
8.125%, 04/01/2022		1,845		1,877
7.500%, 01/01/2022 (A)		1,080		1,143
7.000%, 08/01/2025 (A)		220		207
6.750%, 02/01/2020		350		360
6.750%, 06/15/2023		6,136		5,891
5.125%, 05/01/2025 (A)		1,524		1,503
4.625%, 07/15/2024 (A)		1,920		1,903
4.500%, 04/01/2021		810		826
Valeant Pharmaceuticals International
7.500%, 07/15/2021 (A)		6,210		6,194
7.250%, 07/15/2022 (A)		1,033		1,007
7.000%, 10/01/2020 (A)		270		272
7.000%, 03/15/2024 (A)		1,930		2,060
6.750%, 08/15/2021 (A)		445		437
6.500%, 03/15/2022 (A)		2,787		2,947
6.125%, 04/15/2025 (A)		5,982		5,242
5.875%, 05/15/2023 (A)		2,360		2,085
5.625%, 12/01/2021 (A)		790		739
5.500%, 03/01/2023 (A)		2,925		2,567
5.375%, 03/15/2020 (A)		3,955		3,950
WellCare Health Plans
5.250%, 04/01/2025		3,245		3,415


				145,074


Industrials — 8.0%
ACCO Brands
5.250%, 12/15/2024 (A)		270		280
Actuant
5.625%, 06/15/2022		3,000		3,079
ADT
4.125%, 06/15/2023		80		81
3.500%, 07/15/2022		695		695
AECOM
5.875%, 10/15/2024		295		327
5.750%, 10/15/2022		135		141
Aircastle
5.000%, 04/01/2023		525		562


Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Allegion
5.875%, 09/15/2023	$	125	$	135
Allegion US Holding
5.750%, 10/01/2021		340		350
Allison Transmission
5.000%, 10/01/2024 (A)		2,238		2,323
American Builders & Contractors Supply
5.750%, 12/15/2023 (A)		665		708
AMN Healthcare
5.125%, 10/01/2024 (A)		2,899		3,004
Arconic
6.750%, 01/15/2028		1,845		2,140
5.900%, 02/01/2027		475		524
5.400%, 04/15/2021		943		1,012
Avis Budget Car Rental
6.375%, 04/01/2024 (A)		735		766
5.500%, 04/01/2023		2,301		2,353
Beacon Roofing Supply
6.375%, 10/01/2023		515		548
BMC East
5.500%, 10/01/2024 (A)		1,495		1,559
Bombardier
7.500%, 03/15/2025 (A)		845		845
6.000%, 10/15/2022 (A)		3,127		3,025
Builders FirstSource
5.625%, 09/01/2024 (A)		2,451		2,592
CD&R Waterworks
6.125%, 08/15/2025 (A)		1,704		1,749
CDW
5.000%, 09/01/2025		760		798
Cenveo
8.500%, 09/15/2022 (A)		5,650		2,543
6.000%, 08/01/2019 (A)		2,395		1,898
Ceridian HCM Holding
11.000%, 03/15/2021 (A)		827		878
CEVA Group
7.000%, 03/01/2021 (A)		950		921
Cloud Crane
10.125%, 08/01/2024 (A)		432		479
CNH Industrial Capital
4.875%, 04/01/2021		480		510
4.375%, 04/05/2022		325		341
DAE Funding
5.000%, 08/01/2024 (A)		713		731
4.500%, 08/01/2022 (A)		480		492
FGI Operating
7.875%, 05/01/2020		910		591
Fortress Transportation & Infrastructure
Investors
6.750%, 03/15/2022 (A)		1,795		1,867
General Cable
5.750%, 10/01/2022		1,035		1,040


194		SEI Institutional Managed Trust / Annual Report / September 30, 2017


Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Global A&T Electronics
10.000%, 02/01/2019 (A)(E)	$	1,050	$	882
Great Lakes Dredge & Dock
8.000%, 05/15/2022		300		311
Grinding Media
7.375%, 12/15/2023 (A)		595		646
HD Supply
5.750%, 04/15/2024 (A)		565		605
Hertz
7.625%, 06/01/2022 (A)		2,034		2,098
6.250%, 10/15/2022		1,115		1,059
5.875%, 10/15/2020		470		466
5.500%, 10/15/2024 (A)		1,630		1,467
Hillman Group
6.375%, 07/15/2022 (A)		3,003		2,988
Icahn Enterprises
6.750%, 02/01/2024		2,613		2,757
6.250%, 02/01/2022		2,553		2,661
5.875%, 02/01/2022		1,499		1,544
James Hardie International Finance
5.875%, 02/15/2023 (A)		610		640
KAR Auction Services
5.125%, 06/01/2025 (A)		2,461		2,559
KLX
5.875%, 12/01/2022 (A)		850		891
Kratos Defense & Security Solutions
7.000%, 05/15/2019		591		605
LTF Merger
8.500%, 06/15/2023 (A)		3,061		3,252
Masonite International
5.625%, 03/15/2023 (A)		1,066		1,116
Multi-Color
4.875%, 11/01/2025 (A)		214		216
Nielsen Finance
5.000%, 04/15/2022 (A)		2,233		2,314
Nielsen Luxembourg Sarl
5.000%, 02/01/2025 (A)		3,640		3,790
Novelis
6.250%, 08/15/2024 (A)		230		240
5.875%, 09/30/2026 (A)		1,695		1,720
Oshkosh
5.375%, 03/01/2025		170		180
Park Aerospace Holdings
5.500%, 02/15/2024 (A)		675		709
5.250%, 08/15/2022 (A)		1,195		1,243
Prime Security Services Borrower
9.250%, 05/15/2023 (A)		5,576		6,153
RR Donnelley & Sons
7.625%, 06/15/2020		445		481
6.000%, 04/01/2024		3,255		3,039
RSI Home Products
6.500%, 03/15/2023 (A)		1,040		1,092


Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Sensata Technologies
5.000%, 10/01/2025 (A)	$	1,614	$	1,701
4.875%, 10/15/2023 (A)		1,600		1,682
Sensata Technologies UK Financing
6.250%, 02/15/2026 (A)		2,235		2,447
SPX FLOW
5.875%, 08/15/2026 (A)		701		740
5.625%, 08/15/2024 (A)		1,211		1,268
Standard Industries
6.000%, 10/15/2025 (A)		825		900
StandardAero Aviation Holdings
10.000%, 07/15/2023 (A)		3,300		3,655
Summit Materials
6.125%, 07/15/2023		2,090		2,205
5.125%, 06/01/2025 (A)		750		773
Team Health Holdings
6.375%, 02/01/2025 (A)		2,289		2,169
Terex
5.625%, 02/01/2025 (A)		425		448
TransDigm
6.500%, 07/15/2024		620		640
6.500%, 05/15/2025		1,300		1,339
6.375%, 06/15/2026		623		638
TriMas
4.875%, 10/15/2025 (A)		205		207
Triumph Group
7.750%, 08/15/2025 (A)		1,000		1,053
4.875%, 04/01/2021		750		739
Tutor Perini
6.875%, 05/01/2025 (A)		2,460		2,669
United Continental Holdings
4.250%, 10/01/2022		532		536
United Rentals North America
5.875%, 09/15/2026		1,355		1,472
5.750%, 11/15/2024		1,305		1,385
5.500%, 07/15/2025		1,245		1,333
5.500%, 05/15/2027		751		801
4.875%, 01/15/2028		605		608
USG
4.875%, 06/01/2027 (A)		1,390		1,451
Wabash National
5.500%, 10/01/2025 (A)		135		138
Weekley Homes
6.625%, 08/15/2025 (A)		3,395		3,285
Welbilt
9.500%, 02/15/2024		240		276
West
5.375%, 07/15/2022 (A)		650		656
Wrangler Buyer
6.000%, 10/01/2025 (A)		134		136
Xerium Technologies
9.500%, 08/15/2021		3,770		3,902


SEI Institutional Managed Trust / Annual Report / September 30, 2017		195

SCHEDULE OF INVESTMENTS

September 30, 2017

High Yield Bond Fund (Continued)


Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
XPO Logistics
6.500%, 06/15/2022 (A)	$	540	$	567
6.125%, 09/01/2023 (A)		800		835


				132,265


Information Technology — 5.7%
ACI Worldwide
6.375%, 08/15/2020 (A)		510		519
Aegis Merger
10.250%, 02/15/2023 (A)		1,078		1,186
Alliance Data Systems
5.375%, 08/01/2022 (A)		1,058		1,090
Alliance Data Systems MTN
5.875%, 11/01/2021 (A)		925		962
Amkor Technology
6.375%, 10/01/2022		1,625		1,679
Anixter
5.500%, 03/01/2023		575		625
Ascend Learning
6.875%, 08/01/2025 (A)		215		227
Avaya
9.000%, 04/01/2019 (A)(E)		1,760		1,496
7.000%, 04/01/2019 (A)(E)		1,034		874
BMC Software Finance
8.125%, 07/15/2021 (A)		3,147		3,222
Booz Allen Hamilton
5.125%, 05/01/2025 (A)		900		909
Cardtronics
5.500%, 05/01/2025 (A)		1,475		1,509
5.125%, 08/01/2022		1,600		1,652
CDK Global
4.875%, 06/01/2027 (A)		125		128
Cimpress
7.000%, 04/01/2022 (A)		237		246
CommScope Technologies
6.000%, 06/15/2025 (A)		1,870		1,999
Dell International
8.350%, 07/15/2046 (A)		1,385		1,779
8.100%, 07/15/2036 (A)		1,890		2,365
7.125%, 06/15/2024 (A)		3,030		3,348
6.020%, 06/15/2026 (A)		2,866		3,183
5.450%, 06/15/2023 (A)		515		563
Entegris
6.000%, 04/01/2022 (A)		830		867
First Data
7.000%, 12/01/2023 (A)		1,901		2,030
5.750%, 01/15/2024 (A)		3,215		3,364
5.375%, 08/15/2023 (A)		1,489		1,557
5.000%, 01/15/2024 (A)		1,723		1,789
Gartner
5.125%, 04/01/2025 (A)		245		258


Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Genesys Telecommunications Laboratories
10.000%, 11/30/2024 (A)	$	3,318	$	3,749
Harland Clarke Holdings
9.250%, 03/01/2021 (A)		1,956		2,015
Hughes Satellite Systems
7.625%, 06/15/2021		1,200		1,362
6.625%, 08/01/2026		140		150
5.250%, 08/01/2026		900		936
Infor Software Parent
7.125% cash/7.875% PIK, 05/01/2021 (A)		880		896
Infor US
6.500%, 05/15/2022		1,795		1,861
Informatica
7.125%, 07/15/2023 (A)		735		739
j2 Cloud Services
6.000%, 07/15/2025 (A)		1,630		1,705
MagnaChip Semiconductor
6.625%, 07/15/2021		915		874
5.000%, 03/01/2021 (A)		300		455
Micron Technology
7.500%, 09/15/2023		360		400
5.250%, 08/01/2023 (A)		2,655		2,769
5.250%, 01/15/2024 (A)		1,045		1,100
Microsemi
9.125%, 04/15/2023 (A)		399		456
NCR
5.000%, 07/15/2022		2,240		2,290
Nuance Communications
5.625%, 12/15/2026 (A)		1,500		1,590
NXP BV
4.625%, 06/01/2023 (A)		455		489
NXP Funding
5.750%, 03/15/2023 (A)		1,185		1,237
Open Text
5.875%, 06/01/2026 (A)		1,588		1,743
Perstorp Holding
8.500%, 06/30/2021 (A)		1,826		1,949
Plantronics
5.500%, 05/31/2023 (A)		2,070		2,148
Rackspace Hosting
8.625%, 11/15/2024 (A)		695		742
Riverbed Technology
8.875%, 03/01/2023 (A)		850		810
RP Crown Parent
7.375%, 10/15/2024 (A)		268		274
Sabre
5.375%, 04/15/2023 (A)		250		259
5.250%, 11/15/2023 (A)		3,556		3,654
Solera
10.500%, 03/01/2024 (A)		1,335		1,520


196		SEI Institutional Managed Trust / Annual Report / September 30, 2017


Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Symantec
5.000%, 04/15/2025 (A)	$	1,945	$	2,034
TIBCO Software
11.375%, 12/01/2021 (A)		2,590		2,836
Unisys
10.750%, 04/15/2022 (A)		2,060		2,281
VeriSign
5.250%, 04/01/2025		500		540
4.750%, 07/15/2027 (A)		539		555
Veritas US
10.500%, 02/01/2024 (A)		990		1,061
Western Digital
10.500%, 04/01/2024		1,355		1,592
7.375%, 04/01/2023 (A)		1,065		1,167
WEX
4.750%, 02/01/2023 (A)		1,000		1,025
Zayo Group
6.375%, 05/15/2025		555		598
6.000%, 04/01/2023		1,808		1,910
5.750%, 01/15/2027 (A)		1,235		1,309
Zebra Technologies
7.250%, 10/15/2022		282		299


				94,805


Materials — 5.7%
Alcoa Nederland Holding BV
7.000%, 09/30/2026 (A)		633		717
6.750%, 09/30/2024 (A)		488		540
Aleris International
9.500%, 04/01/2021 (A)		1,753		1,867
7.875%, 11/01/2020		308		308
Allegheny Technologies
9.375%, 06/01/2019		1,445		1,579
7.875%, 08/15/2023		1,655		1,793
Alpha 3 BV
6.250%, 02/01/2025 (A)		3,600		3,663
ARD Finance
7.125% cash/7.875% PIK, 09/15/2023		1,702		1,822
Ardagh Packaging Finance
7.250%, 05/15/2024 (A)		735		806
6.000%, 02/15/2025 (A)		2,155		2,282
Ashland
4.750%, 08/15/2022		680		718
Axalta Coating Systems
4.875%, 08/15/2024 (A)		290		302
Big River Steel
7.250%, 09/01/2025 (A)		2,329		2,471
Blue Cube Spinco
9.750%, 10/15/2023		1,665		2,023
BlueScope Steel Finance
6.500%, 05/15/2021 (A)		636		666


Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Boart Longyear Management Pty
10.000% cash/12.000% PIK, 12/31/2022	$	2,226	$	1,937
1.500% cash/1.500% PIK, 12/31/2022		1,280		378
Boise Cascade
5.625%, 09/01/2024 (A)		511		537
CF Industries
5.150%, 03/15/2034		310		309
3.450%, 06/01/2023		1,297		1,281
Chemours
6.625%, 05/15/2023		920		979
5.375%, 05/15/2027		511		530
Compass Minerals International
4.875%, 07/15/2024 (A)		1,014		996
Constellium
7.875%, 04/01/2021 (A)		340		360
6.625%, 03/01/2025 (A)		360		369
5.750%, 05/15/2024 (A)		1,549		1,548
CVR Partners
9.250%, 06/15/2023 (A)		1,317		1,403
First Quantum Minerals
7.500%, 04/01/2025 (A)		1,750		1,789
7.250%, 04/01/2023 (A)		785		809
Flex Acquisition
6.875%, 01/15/2025 (A)		824		855
FMG Resources August 2006 Pty
9.750%, 03/01/2022 (A)		410		461
5.125%, 05/15/2024 (A)		1,053		1,066
4.750%, 05/15/2022 (A)		1,196		1,211
Freeport-McMoRan
5.450%, 03/15/2043		4,490		4,196
5.400%, 11/14/2034		950		907
4.550%, 11/14/2024		140		140
3.875%, 03/15/2023		3,278		3,229
GCP Applied Technologies
9.500%, 02/01/2023 (A)		415		469
Hecla Mining
6.875%, 05/01/2021		2,013		2,089
Hexion
10.000%, 04/15/2020		1,604		1,536
6.625%, 04/15/2020		5,175		4,631
Hudbay Minerals
7.625%, 01/15/2025 (A)		191		207
7.250%, 01/15/2023 (A)		326		347
Huntsman International
5.125%, 11/15/2022		1,055		1,134
INEOS Group Holdings
5.625%, 08/01/2024 (A)		1,305		1,356
Kaiser Aluminum
5.875%, 05/15/2024 (A)		1,055		1,129
Kissner Holdings
8.375%, 12/01/2022 (A)		816		824


SEI Institutional Managed Trust / Annual Report / September 30, 2017		197

SCHEDULE OF INVESTMENTS

September 30, 2017

High Yield Bond Fund (Continued)


Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Kraton Polymers
10.500%, 04/15/2023 (A)	$	600	$	685
7.000%, 04/15/2025 (A)		1,044		1,120
LSB Industries
8.500%, 08/01/2019 (F)		953		934
Mirabela Nickel
1.000%, 07/31/2044 (B)(E)		31		–
New Gold
6.375%, 05/15/2025 (A)		430		455
6.250%, 11/15/2022 (A)		2,577		2,677
Noranda Aluminum Acquisition
11.000%, 06/01/2019 (B)(E)		355		–
NOVA Chemicals
5.250%, 06/01/2027 (A)		873		882
5.000%, 05/01/2025 (A)		1,700		1,726
4.875%, 06/01/2024 (A)		831		841
Owens-Brockway Glass Container
6.375%, 08/15/2025 (A)		600		679
5.875%, 08/15/2023 (A)		670		740
PaperWorks Industries
9.500%, 08/15/2019 (A)		2,618		1,931
Platform Specialty Products
6.500%, 02/01/2022 (A)		1,725		1,787
Rain CII Carbon
7.250%, 04/01/2025 (A)		4,585		4,837
Reichhold Industries
9.000%, 05/01/2018 (A)(B)(E)		859		–
Reynolds Group
7.000%, 07/15/2024 (A)		860		916
5.750%, 10/15/2020		1,095		1,114
Scotts Miracle-Gro
6.000%, 10/15/2023		720		769
5.250%, 12/15/2026		100		105
SunCoke Energy Partners
7.500%, 06/15/2025 (A)		189		195
TPC Group
8.750%, 12/15/2020 (A)		4,154		4,029
Trinseo Materials Operating
5.375%, 09/01/2025 (A)		995		1,024
Tronox Finance
7.500%, 03/15/2022 (A)		1,644		1,732
5.750%, 10/01/2025 (A)		417		428
United States Steel
6.875%, 08/15/2025		469		480
US Concrete
6.375%, 06/01/2024		297		320
Valvoline
4.375%, 08/15/2025 (A)		625		637
Venator Finance Sarl
5.750%, 07/15/2025 (A)		2,406		2,502

				94,114


Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)

Real Estate — 1.5%
CoreCivic
5.000%, 10/15/2022	$	245	$	255
4.625%, 05/01/2023		1,465		1,498
Equinix
5.875%, 01/15/2026		1,470		1,615
5.750%, 01/01/2025		80		86
GEO Group
6.000%, 04/15/2026		3,305		3,474
5.875%, 01/15/2022		1,265		1,311
5.125%, 04/01/2023		35		36
GLP Capital
5.375%, 04/15/2026		590		644
Howard Hughes
5.375%, 03/15/2025 (A)		1,205		1,229
Kennedy-Wilson
5.875%, 04/01/2024		700		721
Lamar Media
5.750%, 02/01/2026		1,125		1,220
MPT Operating Partnership
5.000%, 10/15/2027		797		817
Realogy Group
4.875%, 06/01/2023 (A)		2,979		3,061
RHP Hotel Properties
5.000%, 04/15/2021		1,331		1,361
5.000%, 04/15/2023		460		476
Sabra Health Care
5.125%, 08/15/2026		2,861		2,935
SBA Communications
4.875%, 09/01/2024		485		499
Uniti Group
8.250%, 10/15/2023		1,140		1,009
7.125%, 12/15/2024 (A)		410		347
6.000%, 04/15/2023 (A)		2,240		2,145


				24,739


Telecommunication Services — 6.3%
AT&T
3.400%, 08/14/2024		285		285
C&W Senior Financing Designated Activity
6.875%, 09/15/2027 (A)		2,346		2,440
CenturyLink
7.500%, 04/01/2024		100		103
6.750%, 12/01/2023		3,300		3,338
5.625%, 04/01/2025		3,797		3,636
Cogent Communications Finance
5.625%, 04/15/2021 (A)		1,880		1,927
Cogent Communications Group
5.375%, 03/01/2022 (A)		1,188		1,249
Digicel
6.000%, 04/15/2021 (A)		2,335		2,279


198		SEI Institutional Managed Trust / Annual Report / September 30, 2017


Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Digicel Group
8.250%, 09/30/2020 (A)	$	2,205	$	2,154
7.125%, 04/01/2022 (A)		1,820		1,649
6.750%, 03/01/2023 (A)		1,085		1,063
Embarq
7.995%, 06/01/2036		1,320		1,340
Frontier Communications
11.000%, 09/15/2025		3,689		3,127
10.500%, 09/15/2022		805		698
7.125%, 01/15/2023		310		238
6.875%, 01/15/2025		4,080		3,050
GCI
6.875%, 04/15/2025		170		183
6.750%, 06/01/2021		640		656
GTT Communications
7.875%, 12/31/2024		485		515
Inmarsat Finance
6.500%, 10/01/2024 (A)		1,190		1,282
4.875%, 05/15/2022 (A)		2,480		2,530
Intelsat Jackson Holdings
9.750%, 07/15/2025 (A)		1,564		1,579
9.500%, 09/30/2022 (A)		218		258
8.000%, 02/15/2024 (A)		2,493		2,680
7.500%, 04/01/2021		3,167		3,001
7.250%, 10/15/2020		2,940		2,830
5.500%, 08/01/2023		2,145		1,818
Intelsat Luxembourg
7.750%, 06/01/2021		1,020		658
Level 3 Financing
5.625%, 02/01/2023		265		273
5.375%, 01/15/2024		570		584
5.375%, 05/01/2025		4,385		4,508
5.125%, 05/01/2023		130		132
Nortel Networks
0.000%, 07/15/2011 (E)		113		25
Qwest Capital Funding
7.750%, 02/15/2031		555		516
Sable International Finance
6.875%, 08/01/2022 (A)		650		699
SoftBank Group
6.000%, 07/30/2025		375		402
Sprint
7.875%, 09/15/2023		8,503		9,863
7.625%, 02/15/2025		7,502		8,604
7.250%, 09/15/2021		3,031		3,368
7.125%, 06/15/2024		860		968
Sprint Capital
8.750%, 03/15/2032		2,500		3,197
6.900%, 05/01/2019		370		394
6.875%, 11/15/2028		4,439		4,972
Telecom Italia
5.303%, 05/30/2024 (A)		610		663


Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Telesat Canada
8.875%, 11/15/2024 (A)	$	2,440	$	2,748
T-Mobile USA
6.500%, 01/15/2024		430		458
6.500%, 01/15/2026		2,931		3,235
6.375%, 03/01/2025		1,910		2,057
6.000%, 04/15/2024		1,930		2,048
4.000%, 04/15/2022		1,627		1,685
United States Cellular
6.700%, 12/15/2033		1,614		1,681
Wind Acquisition Finance
7.375%, 04/23/2021 (A)		2,085		2,168
Windstream Services
7.750%, 10/15/2020		125		100
7.750%, 10/01/2021		1,050		777
7.500%, 06/01/2022		1,755		1,262
6.375%, 08/01/2023		25		18


				103,971


Utilities — 1.2%
AES
6.000%, 05/15/2026		140		151
5.500%, 03/15/2024		1,707		1,777
AmeriGas Partners
5.875%, 08/20/2026		135		141
5.500%, 05/20/2025		340		349
Calpine
5.375%, 01/15/2023		580		565
Dynegy
8.000%, 01/15/2025 (A)		285		295
7.625%, 11/01/2024		1,045		1,083
7.375%, 11/01/2022		235		244
Ferrellgas
6.750%, 01/15/2022		195		189
6.750%, 06/15/2023		400		386
6.500%, 05/01/2021		1,285		1,247
Ferrellgas Partners
8.625%, 06/15/2020		335		318
GenOn Americas Generation
9.125%, 05/01/2031 (E)		150		137
8.500%, 10/01/2021 (E)		909		834
LBC Tank Terminals Holding Netherlands
6.875%, 05/15/2023 (A)		697		732
NextEra Energy Operating Partners
4.500%, 09/15/2027 (A)		2,139		2,179
4.250%, 09/15/2024 (A)		544		556
NRG Energy
7.875%, 05/15/2021		31		32
7.250%, 05/15/2026		2,955		3,169
6.625%, 01/15/2027		55		57
6.250%, 07/15/2022		35		37
6.250%, 05/01/2024		1,225		1,274


SEI Institutional Managed Trust / Annual Report / September 30, 2017		199

SCHEDULE OF INVESTMENTS

September 30, 2017

High Yield Bond Fund (Continued)


Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Pattern Energy Group
5.875%, 02/01/2024 (A)	$	326	$	344
Talen Energy Supply
6.500%, 06/01/2025		161		123
4.625%, 07/15/2019 (A)		277		273
TerraForm Power Operating
6.375%, 02/01/2023 (A) (F)		1,178		1,225
6.625%, 06/15/2025 (A) (F)		2,103		2,240


				19,957

Total Corporate Obligations
(Cost $1,226,028) ($ Thousands)				1,239,250


ASSET-BACKED SECURITIES — 9.4%

Other Asset-Backed Securities — 9.4%
Airplanes Pass-Through Trust, Ser 2001-1A, Cl A9
1.777%, VAR ICE LIBOR USD 1 Month+0.550%, 03/15/2019 (A)		679		49
B&M CLO, Ser 2014-1A, Cl D
6.054%, VAR ICE LIBOR USD 3 Month+4.750%, 04/16/2026 (A)(B)		2,148		2,068
B&M CLO, Ser 2014-1A, Cl E
7.054%, VAR ICE LIBOR USD 3 Month+5.750%, 04/16/2026 (A)(B)		2,480		2,156
Battalion CLO III, Ser 2012-3A
0.000%, 01/18/2025 (A)(B)		2,303		555
Battalion CLO IV, Ser 2013-4A
0.000%, 10/22/2025 (A)(B)		5,640		1,466
Battalion CLO V, Ser 2014-5A
0.000%, 04/17/2026 (A)(B)		3,274		1,277
Battalion CLO VII, Ser 2014-7A
0.000%, 10/17/2026 (A)(B)		4,007		1,883
Battalion CLO VIII, Ser 2015-8A
0.000%, 04/18/2030 (A)(B)(H)		3,390		2,376
Battalion CLO X, Ser 2016-10A
0.000%, 01/24/2029 (A)(B)(H)		4,450		3,600
Battalion CLO XI, Ser 2017-11A
0.000%, 10/24/2029 (A)(B)		5,857		5,125
Benefit Street Partners CLO III, Ser 2013-IIIA
0.000%, 01/20/2026 (A)(B)(H)		2,531		1,443
Benefit Street Partners CLO IV
0.000%, 07/20/2026 (A)(B)		3		2,128
Benefit Street Partners CLO IX
0.000%, 07/20/2025 (A)(B)		2,092		1,778
Benefit Street Partners CLO V
0.000%, 10/20/2026 (A)(B)		6,387		3,577
Benefit Street Partners CLO VI, Ser 2015-VIA
0.000%, 10/18/2029 (A)(B)		7,502		6,002
Benefit Street Partners CLO VII, Ser 2015-VIII
0.000%, 07/18/2027 (B)		6,715		4,803


Description	Face Amount (Thousands)		Market Value ($ Thousands)

ASSET-BACKED SECURITIES (continued)
Benefit Street Partners CLO VIII
0.000%, 01/20/2028 (A)(B)(H)	$	6,720	$	5,443
Benefit Street Partners CLO X, Ser 2016-10A
0.000%, 01/15/2029 (A)(B)		6,228		5,493
Carlyle Global Market Strategies CLO, Ser 2014-3A
0.000%, 07/27/2026 (A)(B)		1,666		1,233
Cathedral Lake CLO, Ser 2015-3A
0.000%, 01/15/2026 (A)(B)		1,869		1,598
Cathedral Lake CLO, Ser 2017-3A
8.254%, VAR ICE LIBOR USD 3 Month+6.950%, 07/16/2029 (A)(B)		1,175		1,178
CIFC Funding, Ser 2012-2A
0.000%, 12/05/2024 (A)(B)		1,653		827
CVP Cascade CLO, Ser 2014-2A, Cl D
6.104%, VAR ICE LIBOR USD 3 Month+4.800%, 07/18/2026 (A)(B)		759		702
CVP Cascade CLO, Ser 2014-2A, Cl E
7.104%, VAR ICE LIBOR USD 3 Month+5.800%, 07/18/2026 (A)(B)		2,469		2,047
Fifth Street Senior Loan Fund, Ser 2015-1A, Cl E
8.507%, VAR ICE LIBOR USD 3 Month+7.200%, 01/20/2027 (A)(B)		3,890		3,853
Figueroa CLO, Ser 2013-1I
0.000%, 03/21/2024 (B)		18,856		5,798
Figueroa CLO, Ser 2013-2A
0.000%, 06/20/2027 (A)(B)		2,907		1,366
Fortress Credit Opportunities III CLO, Ser 2014-3A, Cl E
7.553%, VAR ICE LIBOR USD 3 Month+6.250%, 04/28/2026 (A)(B)		3,482		3,358
Fortress Credit Opportunities VI CLO, Ser 2015-6A, Cl F
8.067%, VAR ICE LIBOR USD 3 Month+6.750%, 10/10/2026 (A)(B)		1,730		1,711
Great Lakes CLO, Ser 2012-1A
0.000%, 01/15/2023 (A)		2,457		1,572
Great Lakes CLO, Ser 2012-1A, Cl E
6.804%, VAR ICE LIBOR USD 3 Month+5.500%, 01/15/2023 (A)(B)		2,811		2,783
Great Lakes CLO, Ser 2014-1A
0.000%, 04/15/2025 (A)(B)		6,943		4,305
Great Lakes CLO, Ser 2014-1A, Cl F
7.304%, VAR ICE LIBOR USD 3 Month+6.000%, 04/15/2025 (A)(B)		2,480		2,480
Great Lakes CLO, Ser 2015-1A
0.000%, 07/15/2026 (A)(B)		4,202		2,899
Great Lakes CLO, Ser 2015-1A, Cl E
8.004%, VAR ICE LIBOR USD 3 Month+6.700%, 07/15/2026 (A)(B)		2,896		2,853


200		SEI Institutional Managed Trust / Annual Report / September 30, 2017


Description	Face Amount (Thousands)		Market Value ($ Thousands)

ASSET-BACKED SECURITIES (continued)
Great Lakes CLO, Ser 2015-1A, Cl F
8.804%, VAR ICE LIBOR USD 3 Month+7.500%, 07/15/2026 (A)(B)	$	1,319	$	1,161
Ivy Hill Middle Market Credit Fund VII, Ser 2013-7A
0.000%, 10/20/2025 (A)(B)		3,198		2,367
Ivy Hill Middle Market Credit Fund XII, Ser 2017-12A
0.000%, 07/20/2029 (A)(B)		651		651
Ivy Hill Middle Market Credit Fund XII, Ser 2017-12A, Cl D
8.873%, VAR ICE LIBOR USD 3 Month+7.560%, 07/20/2029 (A)(B)		3,223		3,184
JFIN Revolver CLO, Ser 2014-2A, Cl C
4.066%, VAR ICE LIBOR USD 3 Month+2.750%, 02/20/2022 (A)(B)		1,951		1,951
Lockwood Grove CLO, Ser 2014-1A
0.000%, 01/25/2024 (A)(B)		3,797		2,639
Lockwood Grove CLO, Ser 2016-1A, Cl ER
9.064%, VAR ICE LIBOR USD 3 Month+7.750%, 04/25/2025 (A)(B)		2,192		2,214
Nelder Grove CLO, Ser 2017-1A, Cl ER
8.011%, VAR ICE LIBOR USD 3 Month+6.700%, 08/28/2026 (A)(B)		2,926		2,911
Neuberger Berman CLO XIII, Ser 2012-13A
0.000%, 01/23/2024 (A)(B)		447		6
Neuberger Berman CLO XVI, Ser 2014-16A
0.000%, 04/15/2026 to 04/15/2026 (A) (B)		2,613		1,071
Neuberger Berman CLO XXII, Ser 2016-22A
0.100%, 10/17/2027 (A)(B)		112		86
0.000%, 10/17/2027 (A)(B)		3,640		2,694
NewStar Arlington Senior Loan Program,
Ser 2014-1A, Cl E
7.414%, VAR ICE LIBOR USD 3 Month+6.100%, 07/25/2025 (A)(B)		1,974		1,852
NewStar Clarendon Fund CLO, Ser 2015-1A,
Cl E
7.364%, VAR ICE LIBOR USD 3 Month+6.050%, 01/25/2027 (A)(B)		3,439		3,276
NewStar Fairfield Fund CLO, Ser 2015-2A
0.000%, 09/29/2027 (A)(B)		5,483		3,509
NXT Capital CLO, Ser 2012-1A, Cl E
8.807%, VAR ICE LIBOR USD 3 Month+7.500%, 07/20/2022 (A)(B)		2,417		2,409
OCP CLO, Ser 2012-2A
0.000%, 11/22/2023 (A)(B)		2,615		1,373
Shackleton CLO, Ser 2014-6A
0.000%, 07/17/2026 (A)(B)		7,935		3,253
TCP Waterman CLO, Ser 2017-1I
0.000%, 08/20/2029 (B)		9,085		8,176
TCW CLO, Ser 2017-1A
0.000%, 07/29/2029 (A)(B)		4,194		3,728


Description	Face Amount (Thousands)		Market Value ($ Thousands)

ASSET-BACKED SECURITIES (continued)
Venture CDO, Ser 2012-10A
0.000%, 04/20/2027 (A)(B)	$	7,108	$	4,058
Venture CDO, Ser 2016-25A
0.000%, 04/20/2029 (A)(B)		2,030		1,736
Venture XI CLO, Ser 2012-11A
0.000%, 11/14/2022 (A)(B)		6,354		254
Venture XIV CLO, Ser 2013-14A
0.100%, 08/28/2029 (A)(B)		105		45
Venture XXII CLO, Ser 2016-22A, Cl F
9.154%, VAR ICE LIBOR USD 3 Month+7.850%, 01/15/2028 (A)(B)		792		776
Venture XXIV CLO, Ser 2016-24A
0.000%, 10/20/2028 (A)(B)		2,795		2,432
Venture XXVI CLO, Ser 2017-26A
0.000%, 01/20/2029 (A)(B)		2,145		1,866
Venture XXVIII CLO, Ser 2017-28A
0.000%, 07/20/2030 (A)(B)		4,193		3,837

Total Asset-Backed Securities
(Cost $132,111) ($ Thousands)				155,300


LOAN PARTICIPATIONS — 8.0%
21st Century Oncology, Delayed Term Loan, 1st Lien
8.820%, 11/29/2017 (K)		100		101
21st Century Oncology, Initial Term Loan, 1st Lien
7.425%, VAR LIBOR+6.125%, 04/30/2022		914		858
Academy Ltd., Cov-Lite, Term Loan B, 1st Lien
5.318%, VAR LIBOR+4.000%, 07/01/2022		569		383
5.314%, VAR LIBOR+4.000%, 07/01/2022		303		204
5.235%, VAR LIBOR+4.000%, 07/01/2022		872		588
5.232%, VAR LIBOR+4.000%, 07/01/2022		81		55
Accudyne Industries, Cov-Lite, Initial Term Loan, 1st Lien
5.083%, VAR LIBOR+3.750%, 08/18/2024		775		776
Air Medical Group Holdings, Cov-Lite, Term Loan B, 1st Lien
0.000%, 09/26/2024 (I)		1,105		1,104
Air Medical Group Holdings, Initial Term Loan, 1st Lien
4.485%, VAR LIBOR+3.250%, 04/28/2022		987		980


SEI Institutional Managed Trust / Annual Report / September 30, 2017		201

SCHEDULE OF INVESTMENTS

September 30, 2017

High Yield Bond Fund (Continued)


Description	Face Amount (Thousands)		Market Value ($ Thousands)

LOAN PARTICIPATIONS (continued)
Alvogen Pharma US, Cov-Lite, Intitial Term Loan, 1st Lien
6.240%, VAR LIBOR+5.000%, 04/01/2022 (B)	$	1,404	$	1,397
American Tire Distributors, Initial Term Loan, 1st Lien
5.485%, VAR LIBOR+4.250%, 09/01/2021		975		984
Anaren, Initial Term Loan, 1st Lien
5.833%, VAR LIBOR+4.500%, 02/18/2021 (B)		760		764
Applied Systems, Initial Term Loan, 2nd Lien
8.324%, 09/19/2025		336		346
Ascend Learning, Cov-Lite, Term Loan B, 1st Lien
4.485%, VAR LIBOR+3.250%, 07/12/2024		145		146
Asurion, Cov-Lite, Term Loan B4, 1st Lien
3.985%, VAR LIBOR+2.750%, 08/04/2022		1,431		1,435
Asurion, Term Loan B2, 2nd Lien
7.235%, VAR LIBOR+6.000%, 08/04/2025		2,572		2,629
Atlas Iron, Term Loan B, 1st Lien
8.580%, VAR LIBOR+7.330%, 05/06/2021		181		170
BCP Raptor, Term Loan B, 1st Lien
5.522%, VAR LIBOR+4.250%, 06/24/2024		1,382		1,391
Big River Steel, Closing Date Term Loan, 1st Lien
6.333%, VAR LIBOR+5.000%, 08/23/2023 (B)		1,322		1,335
Blount International, Initial Term Loan, 1st Lien
8.250%, VAR LIBOR+5.000%, 04/12/2023		6		6
6.237%, VAR LIBOR+5.000%, 04/12/2023		1,212		1,222
BMC Foreign Holding, Cov-Lite, Term Loan B1, 1st Lien
5.333%, VAR LIBOR+4.000%, 09/10/2022		988		985
5.235%, VAR LIBOR+4.000%, 09/10/2022		799		802
Boart Longyear Management, Initial Term Loan, 1st Lien
10.000%, 10/23/2020 (B)(H)		141		141
BPA Laboratories, Initial Term Loan, 2nd Lien
3.811%, 04/29/2020		181		172


Description	Face Amount (Thousands)		Market Value ($ Thousands)

LOAN PARTICIPATIONS (continued)
BWAY Holding, Cov-Lite, Term Loan B, 1st Lien
4.481%, VAR LIBOR+3.250%, 04/03/2024	$	1,142	$	1,145
Calceus Acquisition, Cov-Lite, Term Loan B1, 1st Lien
5.240%, VAR LIBOR+4.000%, 01/31/2020		82		76
California Resources, Cov-Lite, Initial Term Loan, 1st Lien
11.609%, VAR LIBOR+10.375%, 12/31/2021		3,168		3,372
California Resources, Initial Term Loan, 1st Lien
4.235%, VAR LIBOR+3.000%, 11/25/2019		656		630
Carestream Health Cov-Lite, Initial Term Loan, 2nd Lien
9.796%, VAR LIBOR+8.500%, 12/07/2019		4,001		3,906
Carestream Health, Cov-Lite, Initial Term Loan, 1st Lien
5.239%, VAR LIBOR+4.000%, 06/07/2019		205		205
Cengage Learning, Cov-Lite, Term Loan B, 1st Lien
5.485%, VAR LIBOR+4.250%, 06/07/2023		1,557		1,433
CEVA Group PLC, Synthetic LC Loan, 1st Lien
6.500%, 03/19/2021		203		195
Ceva Intercompany, Dutch BV Term Loan , 1st Lien
6.814%, VAR LIBOR+5.500%, 03/19/2021		207		200
Ceva Logistics Canada, Cov-Lite, Canadian Term Loan, 1st Lien
6.814%, VAR LIBOR+5.500%, 03/19/2021		36		34
Ceva Logistics U.S. Holdings, Cov-Lite, Initial Term Loan, 1st Lien
6.814%, VAR LIBOR+5.500%, 03/19/2021		285		275
Checkout Holding, Term Loan B, 1st Lien
4.735%, VAR LIBOR+3.500%, 04/09/2021		1,671		1,399
Chesapeake Energy, Class A Loan, 1st Lien
8.814%, VAR LIBOR+7.500%, 08/23/2021		3,353		3,610
Chief Exploration & Development, Initial Term Loan, 2nd Lien
7.959%, VAR LIBOR+6.500%, 05/16/2021		1,140		1,113


202		SEI Institutional Managed Trust / Annual Report / September 30, 2017


Description	Face Amount (Thousands)		Market Value ($ Thousands)

LOAN PARTICIPATIONS (continued)
CityCenter Holdings, Term Loan B, 1st Lien
3.735%, VAR LIBOR+2.500%, 04/18/2024	$	274	$	275
Clear Channel Communications, Term Loan D, 1st Lien
8.083%, VAR LIBOR+6.750%, 01/30/2019 (B)		760		586
ClubCorp Operations, Cov-Lite, Term Loan B, 1st Lien
4.588%, 09/18/2024		1,005		998
Communications Sales & Leasing, Cov-Lite, Initial Term Loan, 1st Lien
4.235%, VAR LIBOR+3.000%, 10/24/2022		1,747		1,614
Conduent, Term Loan B, 1st Lien
5.235%, VAR LIBOR+4.000%, 12/07/2023		1,332		1,336
Contura Energy, Cov-Lite, Initial Term Loan, 1st Lien
6.280%, VAR LIBOR+5.000%, 03/18/2024 (B)		1,564		1,538
Coral-U.S. Co-Borrower, Cov-Lite, Term Loan B3, 1st Lien
4.735%, VAR LIBOR+3.500%, 01/31/2025		1,053		1,041
Cowlitz Tribal Gaming Authority, Term Loan B, 1st Lien
11.796%, VAR US LIBOR+10.500%, 12/06/2021 (B)		3,000		3,330
CTI Foods, Initial Term Loan, 2nd Lien
8.490%, VAR LIBOR+7.250%, 06/28/2021		1,190		953
Cumulus Media Holdings, Term Loan B, 1st Lien
4.490%, VAR LIBOR+3.250%, 12/23/2020		3,687		3,069
Delta 2 (Lux) Sarl, Extended Cov-Lite, Term Loan B3, 1st Lien
4.235%, VAR LIBOR+3.000%, 02/01/2024		2,700		2,716
Dex Media, Initial Term Loan, 1st Lien
11.235%, VAR LIBOR+10.000%, 07/29/2021		586		596
DJO Finance LLC, Initial Term Loan, 1st Lien
4.487%, VAR LIBOR+3.250%, 06/08/2020		315		314
4.485%, VAR LIBOR+3.250%, 06/08/2020		307		307
East Valley Tourist Development Authority , Term Loan B, 1st Lien
9.296%, VAR LIBOR+8.000%, 09/30/2020 (B)		2,449		2,461


Description	Face Amount (Thousands)		Market Value ($ Thousands)

LOAN PARTICIPATIONS (continued)
Empire Generating, Term Loan B, 1st Lien
5.570%, VAR LIBOR+4.250%, 03/12/2021	$	1,217	$	1,126
Empire Generating, Term Loan C, 1st Lien
5.570%, VAR LIBOR+4.250%, 03/12/2021		120		111
Engility, Term Loan B2, 1st Lien
6.500%, VAR LIBOR+3.250%, 08/14/2023		803		811
Evergreen Skills Lux Sarl, Cov-Lite, Initial Term Loan, 1st Lien
5.985%, VAR LIBOR+4.750%, 04/28/2021		2,665		2,516
Fairmount Minerals, Term Loan B2, 1st Lien
4.735%, VAR LIBOR+3.500%, 09/05/2019		2,783		2,755
Flex Acquisition, Initial Term Loan, 1st Lien
5.000%, VAR LIBOR+3.000%, 12/29/2023		1,070		1,073
Foresight Energy, Term Loan B, 1st Lien
7.083%, VAR LIBOR+5.750%, 03/28/2022		1,351		1,261
Frontier Communications, Term Loan B1, 1st Lien
4.990%, VAR LIBOR+3.750%, 06/15/2024		1,179		1,118
FTS International, Cov-Lite, Initial Term Loan, 1st Lien
5.985%, VAR LIBOR+4.750%, 04/16/2021		400		373
Gardner Denver, Cov-Lite, Term Loan B, 1st Lien
4.083%, VAR LIBOR+2.750%, 07/30/2024		646		647
Gavilan Resources, Initial Term Loan, 1st Lien
7.230%, VAR LIBOR+6.000%, 03/01/2024		1,503		1,450
General Nutrition Centers, Initial Term Loan, 1st Lien
3.740%, VAR LIBOR+2.500%, 03/04/2019		1,942		1,851
Green Energy Partners/Stonewall, Term Loan B1, 1st Lien
6.833%, VAR LIBOR+5.500%, 11/13/2021		411		386
Gulf Finance, Term Loan B, 1st Lien
6.590%, VAR LIBOR+5.250%, 08/25/2023		517		486
Gymboree, DIP New Money, Initial Term Loan, 1st Lien
13.234%, 12/11/2017 (K)		58		58


SEI Institutional Managed Trust / Annual Report / September 30, 2017		203

SCHEDULE OF INVESTMENTS

September 30, 2017

High Yield Bond Fund (Continued)


Description	Face Amount (Thousands)		Market Value ($ Thousands)

LOAN PARTICIPATIONS (continued)
Gymboree, DIP Roll Up, Initial Term Loan, 1st Lien
5.000%, VAR LIBOR+3.500%, 12/11/2017	$	204	$	75
Gymboree, Initial Term Loan, 1st Lien
8.750%, 02/23/2018 (E)		2,034		750
Hercules Achievement, Cov-Lite, Initial Term Loan, 1st Lien
4.739%, VAR LIBOR+3.500%, 12/10/2021		4		4
4.732%, VAR LIBOR+3.500%, 12/10/2021		513		516
Hillman, Term Loan B, 1st Lien
4.796%, 06/30/2021		295		296
Indivior Finance Sarl, Initial Term Loan, 1st Lien
7.320%, 12/19/2019 (B)		1,273		1,276
J. Crew Group, Initial Term Loan, 1st Lien
4.455%, VAR LIBOR+3.220%, 03/05/2021		1,362		822
4.454%, VAR LIBOR+3.220%, 03/05/2021		401		242
KCA Deutag US Finance, Term Loan B, 1st Lien
7.065%, VAR LIBOR+5.750%, 05/15/2020		1,001		964
Kraton Polymers LLC, Cov-Lite, Term Loan, 1st Lien
4.235%, VAR LIBOR+3.000%, 01/06/2022		94		95
Ligado Networks, Cov-Lite, Initial Term Loan, 2nd Lien
13.820%, VAR LIBOR+12.500%, 12/07/2020		2,373		1,431
Mashantucket Pequot, Term Loan A, 1st Lien
5.239%, VAR LIBOR+4.000%, 07/01/2018		1,281		1,198
Mashantucket Pequot, Term Loan B, 1st Lien
9.375%, VAR LIBOR+8.125%, 06/30/2020		7,115		6,516
Medical Card Systems, Initial Term Loan
1.500%, VAR LIBOR+0.500%, 05/31/2019 (B)(H)		1,421		1,251
MEG Energy, Initial Term Loan, 1st Lien
4.734%, VAR LIBOR+3.500%, 12/31/2023		299		297
Metroflag, 2nd Lien
14.000%, 01/06/2009 (B)(E)		300		—
Misys Limited, Cov-Lite, Initial Term Loan, 2nd Lien
8.567%, VAR LIBOR+7.250%, 06/13/2025		1,082		1,099


Description	Face Amount (Thousands)		Market Value ($ Thousands)

LOAN PARTICIPATIONS (continued)
MMM Holdings, Initial Term Loan, 1st Lien
10.250%, VAR LIBOR+8.750%,
06/30/2019 (B)	$	281	$	278
Moneygram International, Initial Term Loan, 1st Lien
4.583%, VAR LIBOR+3.250%, 03/27/2020		1,207		1,205
Moxie Liberty, Term Loan B1, 1st Lien
7.796%, VAR LIBOR+6.500%, 08/21/2020		1,934		1,710
MSO of Puerto Rico, Initial Term Loan, 1st Lien
10.250%, 06/30/2019 (B)		204		202
Murray Energy, Term Loan B2, 1st Lien
8.583%, VAR LIBOR+7.250%, 04/16/2020		3,879		3,548
Nana Development, Initial Term Loan, 1st Lien
8.080%, VAR LIBOR+6.750%, 03/15/2018		19		19
Neiman Marcus Group, Cov-Lite, Initial Term Loan, 1st Lien
4.481%, VAR LIBOR+3.250%, 10/25/2020		1,283		953
New LightSquared, PIK Exit Term Loan, 1st Lien
10.067%, VAR LIBOR+0.000%, 06/15/2020		2,261		2,115
New MMI, Initial Term Loan, 1st Lien
9.061%, VAR LIBOR+7.750%, 01/31/2020		2,930		2,857
New Rue 21, DIP New Money Cov-Lite, Initial Term Loan, 1st Lien
12.000%, 10/31/2017		144		142
Nine West Holdings, Cov-Lite Unsecured Guaranteed, Initial Term Loan, No Lien
6.553%, VAR LIBOR+5.250%, 01/08/2020		4,638		1,654
Optiv, Initial Term Loan, 1st Lien
8.562%, VAR LIBOR+7.250%, 01/31/2025		291		266
Ortho-Clinical Diagnostics, Cov-Lite, Initial Term Loan, 1st Lien
5.046%, VAR LIBOR+3.750%, 06/30/2021		769		771
Oxbow Carbon, Initial Term Loan, 2nd Lien
8.235%, VAR LIBOR+7.000%, 01/17/2020		1,994		1,996
P2 Upstream Acquisition, Cov-Lite, Initial Term Loan, 1st Lien
5.230%, VAR LIBOR+4.000%, 10/30/2020		725		702


204		SEI Institutional Managed Trust / Annual Report / September 30, 2017


Description	Face Amount (Thousands)		Market Value ($ Thousands)

LOAN PARTICIPATIONS (continued)
Pardus Oil & Gas LLC, Cov-Lite PIK, Initial Term Loan, 2nd Lien
5.000%, 05/13/2022 (B)	$	76	$	—
Pardus Oil & Gas, Cov-Lite PIK, Term Loan A, 1st Lien
13.000%, VAR PIK Interest+13.000%, 11/12/2021 (B)(H)		147		13
Petco Animal Supplies, Cov-Lite, Term Loan B1, 1st Lien
4.311%, VAR LIBOR+3.000%, 01/26/2023		887		729
PetSmart, Cov-Lite, Term Loan B, 1st Lien
4.240%, VAR LIBOR+3.000%, 03/11/2022		670		565
PQ, Cov-Lite, Initial Term Loan, 1st Lien
4.562%, VAR LIBOR+3.250%, 11/04/2022		418		422
Quorum Health, Term Loan B, 1st Lien
8.067%, VAR LIBOR+6.750%, 04/29/2022		944		956
7.985%, VAR LIBOR+6.750%, 04/29/2022		25		25
Radio One, Term Loan B, 1st Lien
5.300%, VAR LIBOR+4.000%, 04/18/2023		657		644
Revlon Consumer Products, Term Loan B, 1st Lien
4.735%, VAR LIBOR+3.500%, 09/07/2023		672		601
Royal Holdings, Cov-Lite, Initial Term Loan, 2nd Lien
8.833%, VAR LIBOR+7.500%, 06/19/2023		176		176
Seadrill Partners Finco, Initial Term Loan, 1st Lien
4.333%, VAR LIBOR+3.000%, 02/21/2021		932		679
Sequa Mezzanine Holdings, Cov-Lite, Initial Term Loan, 1st Lien
6.814%, VAR LIBOR+5.500%, 11/28/2021		961		966
Sequa Mezzanine Holdings, Cov-Lite, Initial Term Loan, 2nd Lien
10.314%, VAR LIBOR+9.000%, 04/28/2022		863		883
Staples, Cov-Lite, Term Loan B, 1st Lien
5.310%, VAR LIBOR+4.000%, 09/12/2024		2,333		2,322
Steinway Musical Instruments, Initial Term Loan, 1st Lien
5.061%, 09/19/2019		940		912


Description	Face Amount (Thousands)		Market Value ($ Thousands)

LOAN PARTICIPATIONS (continued)
Syncreon Global Finance (US), Cov-Lite, Initial Term Loan, 1st Lien
5.485%, VAR LIBOR+4.250%, 10/28/2020	$	680	$	594
Syniverse Holdings, Initial Term Loan, 1st Lien
4.311%, VAR LIBOR+3.000%, 04/23/2019		2,728		2,636
Syniverse Holdings, Term Loan B, 1st Lien
4.333%, VAR LIBOR+3.000%, 04/23/2019		1,096		1,059
Toys ‘R’ US-Delaware, Cov-Lite, Initial Term Loan, 1st Lien
8.740%, VAR LIBOR+7.500%, 01/22/2019		232		234
Traverse Midstream Partners, Term Loan B, 1st Lien
5.330%, 09/27/2024		1,813		1,836
0.000%, 06/30/2018 (B)(H)(I)		910		910
Veritas US, Cov-Lite, Term Loan B1, 1st Lien
5.833%, VAR LIBOR+4.500%, 01/27/2023		3,073		3,100
Walter Investment Management, Initial Term Loan, 1st Lien
4.985%, VAR LIBOR+3.750%, 12/18/2020		874		801
Weight Watchers International, Cov-Lite, Term Loan B2, 1st Lien
4.550%, VAR LIBOR+3.250%, 04/02/2020		292		288
4.490%, VAR LIBOR+3.250%, 04/02/2020		159		156
Western Digital, Cov-Lite, Term Loan B2, 1st Lien
3.985%, VAR LIBOR+2.750%, 04/29/2023		1,191		1,197
Windstream Services, Term Loan B, 1st Lien
5.240%, VAR LIBOR+4.000%, 03/29/2021		1,371		1,220

Total Loan Participations
(Cost $136,847) ($ Thousands)				132,897

	Shares

COMMON STOCK — 1.2%
Amplify Energy *		100,766		1,033
Aspect Software, Cl CR1 *(B)(H)		27,500		282
Aspect Software, Cl CR2 *(B)(H)		11,134		114
Atlas Iron		242,063		3
Berry Pete *(B)		129,459		1,295
Berry Petroleum (Escrow Security) *(B)		3,278,000		—
Boart Longyear *		168,550,191		3,306
Cengage Learning Holdings II *		2,408		20


SEI Institutional Managed Trust / Annual Report / September 30, 2017		205

SCHEDULE OF INVESTMENTS

September 30, 2017

High Yield Bond Fund (Continued)



Description	Shares		Market Value ($ Thousands)


COMMON STOCK (continued)
CEVA Holdings *(B)		561	$	224
CHC Group *		1,075		8
CUI Acquisition *(B)(H)		3		246
Energy & Exploration Partners *(B)		185		—
Global Aviation Holdings, Cl A *(B)		97,655		—
Halcon Resources *		68,040		463
Linn Energy *		25,722		921
Medical Card Systems *(B)		264,653		—
Midstates Petroleum *(H)		14,067		219
Mmodal *		42,430		962
NII Holdings *		51,236		24
Patterson-UTI Energy		51,454		1,077
Peabody Energy *		11,262		327
Peabody Energy (Escrow Security) *		420,000		—
Reichhold Industries *(B)(H)		1,427		1,063
Rue 21 *		55,057		189
SandRidge Energy *		3,800,163		947
TE Holdcorp *		50,160		132
Texas Competitive Electric Holdings (B)		361,919		380
Titan Energy *		22,243		100
UCI International Holdings *(B)(H)		27,268		518
Vistra Energy		361,919		6,764

Total Common Stock (Cost $19,046) ($ Thousands)				20,617


	Face Amount (Thousands)

MUNICIPAL BONDS — 0.6%

Connecticut — 0.2%
Mohegan Tribal, Finance Authority, RB (B) Callable 02/01/2023 @ 100
7.000%, 02/01/2045 (A)	$	3,540		3,736


Puerto Rico — 0.2%
Commonwealth of Puerto Rico, Ser A, GO
5.250%, 07/01/2037 (E)		130		60
Commonwealth of Puerto Rico, Ser A, GO Callable 07/01/2020 @ 100
8.000%, 07/01/2035 (E)		2,450		1,188
Commonwealth of Puerto Rico, Ser A, GO
5.125%, 07/01/2037 (E)		775		356
5.000%, 07/01/2041 (E)		705		316
Government Development Bank for Puerto Rico, Ser A, RB
4.375%, 02/01/2019 (E)		985		308
Government Development Bank for Puerto Rico, Ser A, RB (B)
5.500%, 08/01/2020 (E)		635		198
Government Development Bank for Puerto Rico, Ser B, RB
5.000%, 12/01/2016 (E)		360		112
4.704%, 05/01/2016 (E)		320		100



Description	Face Amount (Thousands)		Market Value ($ Thousands)


MUNICIPAL BONDS (continued)
Government Development Bank for Puerto Rico, Ser B, RB (B)
5.000%, 12/01/2017 (E)	$	85	$	27
Government Development Bank for Puerto Rico, Ser C, RB (B)
5.400%, 08/01/2019 (E)		265		83
Government Development Bank for Puerto Rico, Ser H, RB
5.000%, 08/01/2023 (E)		345		108


				2,856


Texas — 0.2%
Texas State, Public Finance Authority, RB (B) Callable 07/01/2019 @ 100
8.250%, 07/01/2024		3,220		3,367


Total Municipal Bonds (Cost $10,941) ($ Thousands)				9,959


CONVERTIBLE BONDS — 0.5%
CHC Group CV to 125.0000
0.000%, 10/01/2020		55		84
Cheniere Energy CV to 7.2265
4.250%, 03/15/2045		615		426
Chesapeake Energy CV to 116.7134
5.500%, 09/15/2026 (A)		602		552
Ensco Jersey Finance CV to 71.3343
3.000%, 01/31/2024 (A)		659		560
GenOn CV to 14.7167
0.000%, 06/15/2021 (B)(E)		2,200		–
Liberty Media CV to 16.7764
3.750%, 02/15/2030		4,070		2,869
Liberty Media CV to 22.94686
4.000%, 11/15/2029		1,656		1,175
MGIC Investment CV to 74.0741
9.000%, 04/01/2063 (A)		2,065		2,801
Mirabela Nickel CV to 5.9242
9.500%, 06/24/2019 (A)(B)(E)		1,541		139
Weatherford International CV to 129.1656
5.875%, 07/01/2021		267		292


Total Convertible Bonds (Cost $9,785) ($ Thousands)				8,898


	Shares

PREFERRED STOCK — 0.4%
Aspen Insurance Holdings, 5.950%		86,000		2,396
Berry Petroleum, 0.000% *(B)		196,693		2,262
CEVA Holdings, 0.000% *(B)		1,214		485
TE Holdcorp, 0.000% *		74,814		692


206		SEI Institutional Managed Trust / Annual Report / September 30, 2017



Description	Shares		Market Value ($ Thousands)


PREFERRED STOCK (continued)
Vici Properties, 12.000% *(B)(H)		11,652	$	243


Total Preferred Stock (Cost $5,940) ($ Thousands)				6,078


	Number of Rights

RIGHTS — 0.0%
CZR - Senior Secured *‡‡(B)		447,084		557


Total Rights (Cost $—) ($ Thousands)				557


	Number of Warrants

WARRANTS — 0.0%
Jack Cooper Holdings, Expires 04/26/2027 Strike Price $– *(B)		2,496		–
Lion Holding Warrants, Cl A, Expires 12/30/2027 Strike Price $– *		1,575		–
Midstates Petroleum, Expires 04/21/2020 Strike Price $46 *(B)		9,541		1
SandRidge Energy, Expires 10/04/2022 Strike Price $41 *		7,382		6
SandRidge Energy, Expires 10/04/2022 Strike Price $42 *		3,108		2


Total Warrants (Cost $44) ($ Thousands)				9


	Shares

AFFILIATED PARTNERSHIP — 0.0%
SEI Liquidity Fund, L.P.
1.110% **^†(J)		6,096		6


Total Affiliated Partnership (Cost $6) ($ Thousands)				6


CASH EQUIVALENT — 4.9%
SEI Daily Income Trust, Government Fund, Cl F
0.840%**^†		81,200,142		81,200


Total Cash Equivalent (Cost $81,200) ($ Thousands)				81,200


Total Investments in Securities — 99.8% (Cost $1,621,948) ($ Thousands)			$	1,654,771


SEI Institutional Managed Trust / Annual Report / September 30, 2017		207

SCHEDULE OF INVESTMENTS

September 30, 2017

High Yield Bond Fund (Concluded)

A list of the open centrally cleared swap agreements held by the Fund at September 30, 2017 is as follows:


Credit Default Swaps
Reference Entity/Obligation	Buy/Sell Protection		(Pays)/ Receives Rate		Payment Frequency		Termination Date		Notional Amount ($ Thousands)			Value ($ Thousands)		Upfront Payments/ Receipts ($ Thousands)		Net Unrealized Appreciation ($ Thousands)
CDX.NA.HY.27		Sell		5.00%		Quarterly		12/20/2021	$	(850	)	$	66	$	54	$	12
CDX.NA.HY.28		Sell		5.00%		Quarterly		06/20/2022		(11,529	)		902		831		71

												$	968	$	885	$	83

A list of the open OTC swap agreements held by the Fund at September 30, 2017 is as follows:

Total Return Swap

Counterparty

Reference Entity/Obligation

Fund Pays

Fund Receives

Payment

Frequency

Termination
Date

Currency

Notional
Amount
(Thousands)

Value
($ Thousands)

Upfront
Payments/
Receipts
($ Thousands)

Net Unrealized
Depreciation
($ Thousands)

Bank of America

IBOXHY

3-Month USD -LIBOR

Quarterly

12/20/2017

USD

20,200

(341

)

(367

)

Percentages are based on Net Assets of $1,657,714 ($ Thousands).

*	Non-income producing security.

**	Rate shown is the 7-day effective yield as of September 30, 2017.

^‡‡	Expiration date not available.

^†	Investment in Affiliated Security (see Note 6).

(A)

Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration normally to qualified institutions. On September 30, 2017, the value of these securities amounted to $807,197 ($ Thousands), representing 48.7% of the Net Assets of the Fund.

(B)	Level 3 security in accordance with fair value hierarchy.

(C)	Securities considered illiquid. The total value of such securities as of September 30, 2017 was $0 ($ Thousands) and represented –% of the Net Assets of the Fund.

(D)	Securities considered restricted. The total market value of such securities as of September 30, 2017 was $0 ($ Thousands) and represented 0.0% of the Net Assets of the Fund.

(E)	Security is in default on interest payment.

(F)	Step Bonds – The rate reflected on the Schedule of Investments is the effective yield on September 30, 2017. The coupon on a step bond changes on a specified date.

(G)	Certain securities or partial positions of certain securities are on loan at September 30, 2017 (see Note 10). The total market value of securities on loan at September 30, 2017 was $1 ($ Thousands).

(H)	Security fair valued using methods determined in good faith by the Valuation Committee of the Board of Trustees. The total market value of such securities as of September 30, 2017 was $17,862 ($ Thousands) and represented 1.1% of the Net Assets of the Fund.

(I)	Unsettled bank loan. Interest rate not available.

(J)	This security was purchased with cash collateral held from securities on loan (see Note 10). The total market value of such securities as of September 30, 2017 was $6 ($ Thousands).

(K)	Represents a security which has additional commitments and contingencies. Principal amount and value excludes unfunded commitments.

CDO — Collateralized Debt Obligation

Cl — Class

CLO — Collateralized Loan Obligation

CV — Convertible Security

GO — General Obligation

ICE — Intercontinental Exchange

L.P. — Limited Partnership

LIBOR — London Interbank Offered Rate

LLC — Limited Liability Company

MTN — Medium Term Note

OTC — Over-the-counter

PIK — Payment-in-Kind

PLC — Public Limited Company

RB — Revenue Bond

Ser — Series

ULC — Unlimited Liability Company

USD — United States Dollar

VAR — Variable Rate Security

The following is a list of the level of inputs used as of September 30, 2017, in valuing the Fund’s investments and other financial instruments carried at value ($ Thousands):



Investments in Securities	Level 1		Level 2		Level 3		Total

Corporate Obligations	$	–	$	1,233,486	$	5,764	$	1,239,250
Asset-Backed Securities		–		1,621		153,679		155,300
Loan Participations		–		117,415		15,482		132,897
Common Stock		11,042		5,453		4,122		20,617
Municipal Bonds		–		2,448		7,511		9,959
Convertible Bonds		–		8,759		139		8,898
Preferred Stock		2,396		692		2,990		6,078
Rights		–		–		557		557
Warrants		–		8		1		9
Affiliated Partnership		–		6		–		6
Cash Equivalent		81,200		–		–		81,200

Total Investments in Securities	$	94,638	$	1,369,888	$	190,245	$	1,654,771




Other Financial Instruments	Level 1		Level 2		Level 3		Total

Centrally Cleared Swaps
Credit Default Swaps *
Unrealized Appreciation	$	—	$	83	$	—	$	83
OTC Swap
Total Return Swap *
Unrealized Depreciation		—		(367)		—		(367)

Total Other Financial Instruments	$	—	$	(284)	$	—	$	(284)

* Swap contracts are valued at the unrealized appreciation (depreciation) on the instrument.


208		SEI Institutional Managed Trust / Annual Report / September 30, 2017

The following is a reconciliation of the investments in which significant unobservable inputs (Level 3) were used in determining value ($ Thousands):


	Investments in Corporate Obligations		Investments in Asset-Backed Securities		Investments in Loan Participations		Investments in Common Stock		Investments in Municipal Bonds		Investments in Convertible Bonds		Investments in Preferred Stock		Investments in Rights		Investments in Warrants
Balance as of October 1, 2016	$	5,566	$	162,028	$	13,534	$	2,338	$	7,946	$	432	$	425	$	—	$	5
Accrued discounts/premiums		(63)		104		(141)		—		—		(2)		—		—		—
Realized gain/(loss)		36		17,367		33		(2,358)		47		—		—		—		(14)
Change in unrealized appreciation/ (depreciation)		(258)		13,309		535		2,749		(13)		(291)		113		—		10
Purchases		21		38,580		724		396		—		—		190		—		—
Sales		(1,549)		(76,009)		(1,472)		—		(876)		—		—		—		—
Net transfer into Level 3		2,011		—		10,814		1,676		407		—		2,262		557		—
Net transfer out of Level 3		—		(1,700)		(8,545)		(679)		—		—		—		—		—

Ending Balance as of September 30, 2017	$	5,764	$	153,679	$	15,482	$	4,122	$	7,511	$	139	$	2,990	$	557	$	1

Changes in unrealized gains/(losses)included in earnings related to securities still held at reporting date	$	5,566	$	162,028	$	13,534	$	2,338	$	7,946	$	432	$	425	$	557	$	1

(1) Of the $190,245 ($ Thousands) in Level 3 securities as of September 30, 2017, $4,784 ($ Thousands) or 0.3% of Net Assets are not valued via third party pricing vendors and broker quotes. If significant, the disclosure of the unobservable inputs and the interrelationships and sensitivity between these inputs are required for those Level 3 securities that are not valued by third party pricing vendors or broker quotes. The value of these securities is immaterial and no further disclosure is required.

For the year ended September 30, 2017, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the year ended September 30, 2017, there were transfers between Level 2 and Level 3 assets and liabilities due to the availability of observable inputs to determine fair value.

For more information on valuation inputs, see Note 2 – Significant Accounting Policies in Notes to Financial Statements.

Amounts designated as “—” are $0 or have been rounded to $0.

The following is a summary of the Fund’s transactions with affiliates for the year ended September 30, 2017 ($ Thousands):



Security Description	Value 9/30/2016		Purchases at Cost		Proceeds from Sales		Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)		Value 9/30/2017		Dividend Income

SEI Liquidity Fund, L.P.		$6		$—		$—		$—		$—		$6		$—
SEI Daily Income Trust, Government Fund, CI F		51,074		959,537		(929,411)		—		—		81,200		333

Totals		$51,080		$959,537		$(929,411)		$—		$—		$81,206		$333

The accompanying notes are an integral part of the financial statements.


SEI Institutional Managed Trust / Annual Report / September 30, 2017			209

SCHEDULE OF INVESTMENTS

September 30, 2017

Conservative Income Fund

LOGO

†Percentages are based on total investments.


Description	Face Amount (Thousands)		Market Value ($ Thousands)

COMMERCIAL PAPER — 58.4%

Banks — 18.7%
Bank of Nova Scotia
1.652%, 07/06/2018 (A)(B)	$	2,000	$	1,975
Commonwealth Bank of Australia
1.660%, 12/08/2017 (B)		2,000		2,001
DBS Bank
1.314%, 11/15/2017 (A)(B)		3,000		2,995
1.170%, 10/05/2017 (A)(B)		2,500		2,500
DNB Bank
1.337%, 01/19/2018 (B)		3,000		3,000
1.130%, 10/02/2017 (A)(B)		3,000		3,000
Federation des Caisses Desjardins du Quebec
1.170%, 10/03/2017 (A)(B)		7,000		6,999
1.070%, 10/02/2017 (A)(B)		1,500		1,500
Macquarie Bank
1.347%, 10/04/2017 (A)(B)		4,000		3,999
Oversea-Chinese Banking
1.501%, 03/28/2018 (B)		1,000		1,000
1.375%, 11/10/2017 (B)		4,000		4,001
United Overseas Bank
1.400%, 02/20/2018 (A)(B)		2,500		2,486
1.399%, 02/09/2018 (A)(B)		2,000		1,990
1.364%, 01/11/2018 (A)(B)		2,000		1,992


				39,438


Energy — 1.0%
Duke Energy
1.320%, 10/05/2017 (A)(B)		2,000		2,000


Financial — 37.0%
Albion Capital
1.220%, 10/06/2017 (A)		2,250		2,249
American Honda Finance
1.315%, 10/24/2017 (A)		4,000		3,997
BNZ International Funding
1.717%, 02/01/2018 (A)(B)		3,000		3,004
CAFCO
1.260%, 12/05/2017 (A)(B)		1,151		1,148
CDP Financial
1.461%, 01/10/2018 (A)(B)		5,000		4,982
1.460%, 01/22/2018 (A)(B)		2,500		2,490
Charta
1.304%, 11/07/2017 (A)(B)		4,450		4,444


Description	Face Amount (Thousands)		Market Value ($ Thousands)

COMMERCIAL PAPER (continued)
Collateralized Commercial Paper Co LLC
1.387%, 02/21/2018	$	4,500	$	4,501
CRC Funding
1.304%, 11/28/2017 (A)(B)		4,000		3,992
Crown Point Capital
1.150%, 10/02/2017 (A)(B)		6,000		5,999
Enterprise Products Operating
1.380%, 10/05/2017 (A)(B)		2,000		2,000
Fairway Finance
1.314%, 12/08/2017 (A)(B)		4,000		3,990
JPMorgan Securities
1.483%, 02/23/2018 (A)		3,000		2,983
Jupiter Securitization
1.190%, 10/02/2017 (A)(B)		4,000		4,000
Manhattan Asset Funding
1.452%, 01/26/2018 (A)(B)		1,000		995
Old Line Funding
1.294%, 11/20/2017 (A)(B)		4,000		3,993
1.293%, 10/03/2017 (A)(B)		3,095		3,094
Southern California Edison
1.220%, 10/06/2017 (A)(B)		2,000		1,999
Suncorp-Metway
1.471%, 02/05/2018 (A)(B)		2,500		2,487
1.471%, 02/13/2018 (A)(B)		1,900		1,889
1.348%, 10/30/2017 (A)(B)		4,000		3,996
Thunder Bay Funding
1.253%, 11/06/2017 (A)(B)		5,000		4,993
Victory Receivables
1.070%, 10/02/2017 (A)(B)		4,680		4,680


				77,905


Industrial & Other Commercial Paper — 1.7%
Toyota Credit Canada
1.410%, 12/07/2017		3,500		3,492


Total Commercial Paper (Cost $122,828) ($ Thousands)				122,835


CORPORATE OBLIGATIONS — 6.2%

Consumer Discretionary — 2.8%
Jets Stadium Development
1.250%, 04/01/2047		4,000		4,000
Toyota Motor Credit MTN
1.566%, VAR ICE LIBOR USD 3 Month+0.250%, 12/05/2017		2,000		2,001

				6,001


Financials — 3.4%
Canadian Imperial Bank of Commerce
1.863%, VAR ICE LIBOR USD 3 Month+0.550%, 10/23/2017		2,500		2,501


210		SEI Institutional Managed Trust / Annual Report / September 30, 2017


Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Metropolitan Life Global Funding
1.500%, 01/10/2018 (B)	$	3,000	$	3,000
TD Bank
1.756%, VAR ICE LIBOR USD 1 Month+0.520%, 11/22/2017		1,700		1,701


				7,202


Total Corporate Obligations (Cost $13,201) ($ Thousands)				13,203


MUNICIPAL BOND — 0.5%

New Jersey — 0.5%
RBC Municipal Products Trust, Ser E-82, RB,
Callable 10/25/2017 @ 100
1.230%, 12/17/2018 (B)(C)(D)		1,000		1,000


Total Municipal Bond (Cost $1,000) ($ Thousands)				1,000


CERTIFICATES OF DEPOSIT — 33.0%
Bank of Nova Scotia
1.711%, 11/01/2017 (B)		2,000		2,001
1.474%, 10/17/2018		2,000		2,000
Bank of Tokyo-Mitsubishi UFJ NY
1.520%, 11/06/2017		3,000		3,001
Canadian Imperial Bank of Commerce
1.787%, 12/01/2017		1,500		1,500
1.444%, 07/16/2018		2,500		2,500
Commonwealth Bank of Australia
1.664%, 02/09/2018 (B)		1,000		1,001
1.644%, 02/15/2018 (B)		1,500		1,502
Mitsubishi UFJ Trust & Banking
1.436%, 02/13/2018		2,000		2,001
National Australia Bank
1.656%, 12/06/2017 (B)		4,000		4,003
Norinchukin Bank
1.500%, 10/27/2017		1,200		1,201
1.486%, 10/13/2017		1,700		1,700
1.415%, 03/09/2018		2,000		2,000
Oversea Chinese Banking
1.310%, 11/02/2017		2,500		2,500
Royal Bank of Canada NY
1.581%, 03/07/2018		2,000		2,002
1.477%, 04/19/2018		3,500		3,502
1.434%, 07/16/2018		1,000		1,000
Sumitomo Mitsui Banking
1.531%, 10/04/2017		1,500		1,500
1.516%, 11/20/2017		2,000		2,001
1.416%, 11/22/2017		4,000		4,001


Description	Face Amount (Thousands)		Market Value ($ Thousands)

CERTIFICATES OF DEPOSIT (continued)
Sumitomo Mitsui Trust Bank Limited
1.517%, 11/21/2017	$	4,000	$	4,001
1.437%, 01/19/2018		5,000		5,001
Swedbank AB
1.130%, 10/04/2017		7,000		7,000
Toronto-Dominion Bank
1.467%, 09/25/2018 (B)		1,000		1,000
Toronto-Dominion Bank MTN
1.576%, 03/13/2018		2,500		2,503
1.400%, 12/08/2017		2,000		2,000
Toyota Motor Credit
1.437%, 03/14/2018		2,000		2,001
1.437%, 05/22/2018		1,000		1,000
Westpac Banking
1.657%, 10/20/2017 (B)		2,000		2,001
1.427%, 09/14/2018 (B)		1,000		1,000
1.230%, 01/09/2018		1,000		1,001


Total Certificates of Deposit (Cost $69,400) ($ Thousands)				69,424


	Shares


CASH EQUIVALENT — 0.0%
SEI Daily Income Trust, Government Fund, Cl F
0.840%**^†		1,719		2


Total Cash Equivalent (Cost $2) ($ Thousands)				2


	Face Amount (Thousands)


REPURCHASE AGREEMENTS — 1.9%
Goldman Sachs & Co
1.020%, dated 9/29/2017, to be repurchased on 10/02/2017, repurchase price $2,000,170 (collateralized by various FNMA & GNMA obligations, par value $100,000 - $3,800,000, 3.500% -6.000%, 4/25/2047 - 6/15/2019; total market value $2,040,041) (E)	$	2,000		2,000


SEI Institutional Managed Trust / Annual Report / September 30, 2017		211

SCHEDULE OF INVESTMENTS

September 30, 2017

Conservative Income Fund (Concluded)


Description	Face Amount (Thousands)		Market Value ($ Thousands)

REPURCHASE AGREEMENTS (continued)
TD Securities
1.060%, dated 9/29/2017, to be repurchased on 10/02/2017, repurchase price $2,000,177 (collateralized by a U.S. Treasury Note, par value $2,046,000, 0.000%, 12/26/2017; total market value $2,040,803) (E)		2,000	$	2,000


Total Repurchase Agreements (Cost $4,000) ($ Thousands)				4,000


Total Investments in Securities — 100.0% (Cost $210,431) ($ Thousands)			$	210,464

Percentages are based on Net Assets of $210,424 ($ Thousands).

**	Rate shown is the 7-day effective yield as of September 30, 2017.

^†	Investment in Affiliated Security (see Note 6).

(A)	Zero coupon security. The rate shown on the Schedule of Investments is the security’s effective yield at the time of purchase.

(B)

Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration normally to qualified institutions. On September 30, 2017, the value of these securities amounted to $122,121 ($ Thousands), representing 58.0% of the Net Assets of the Fund.

(C)	Variable Rate Security — The rate reported on the Schedule of Investments is the rate in effect as of September 30, 2017.

(D)	Securities are held in connection with a letter of credit issued by a major bank.

(E)	Tri-Party Repurchase Agreement.

Cl — Class

FNMA — Federal National Mortgage Association

GNMA —Government National Mortgage Association

ICE — Intercontinental Exchange

LIBOR — London Interbank Offered Rate

MTN — Medium Term Note

RB — Revenue Bond

Ser —Series

Var — Variable Rate

USD —United States Dollar

The following is a list of the level of inputs used as of September 30, 2017, in valuing the Fund’s investments carried at value ($ Thousands):




Investments in Securities	Level 1		Level 2		Level 3		Total

Commercial Paper	$	–	$	122,835	$	–	$	122,835
Corporate Obligations		–		13,203		–		13,203
Municipal Bond		–		1,000		–		1,000
Certificates of Deposit		–		69,424		–		69,424
Cash Equivalent		2		–		–		2
Repurchase Agreements		–		4,000		–		4,000

Total Investments in Securities	$	2	$	210,462	$	–	$	210,464

For the year ended September 30, 2017, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the year ended September 30, 2017, there were no transfers between Level 2 and Level 3 assets and liabilities.

For more information on valuation inputs, see Note 2 – Significant Accounting Policies in Notes to Financial Statements.

Amounts designated as “—” are $0 or have been rounded to $0.

The following is a summary of the Fund’s transactions with affiliates for the year ended September 30, 2017 ($ Thousands):

Security Description

Value 9/30/2016

Purchases at
Cost

Proceeds from
Sales

Realized Gain
(Loss)

Change in Unrealized
Appreciation (Depreciation)

Value
9/30/2017

Dividend
Income

SEI Daily Income Trust, Government Fund, CI F

$ 51

$ 53,428

$ (53,477)

$ –

$ 2

$ 1

The accompanying notes are an integral part of the financial statements.


212		SEI Institutional Managed Trust / Annual Report / September 30, 2017

SCHEDULE OF INVESTMENTS

September 30, 2017

Tax-Free Conservative Income Fund

LOGO

^†Percentages are based on total investments.


Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS — 93.6%

Alaska — 3.0%
Alaska State, Housing Finance Authority, Ser B, RB
Callable 10/05/2017 @ 100
0.940%, 12/01/2041 (A)	$	5,000	$	5,000


California — 0.2%
Palm Desert, Redevelopment Agency Successor, Ser A, TA
2.000%, 10/01/2017		400		400


Connecticut — 3.1%
Connecticut State, Housing Finance Authority, Mortgage Finance Program, Sub-Ser A-3, RB
Callable 10/04/2017 @ 100
0.940%, 11/15/2045 (A)		1,150		1,150
Connecticut State, Housing Finance Authority, Mortgage Finance Program, Sub-Ser C-3, RB
Callable 10/04/2017 @ 100
0.940%, 11/15/2045 (A)		1,000		1,000
Connecticut State, Ser C, RB
Callable 10/04/2017 @ 100
1.050%, 05/15/2034 (A)		2,000		2,000
Connecticut State, Ser F, GO
4.000%, 11/15/2017		1,000		1,004


				5,154


District of Columbia — 2.5%
District of Columbia, Community Connections Real Estate Foundation Project, Ser A, RB
Callable 11/01/2017 @ 100
0.990%, 07/01/2032 (A)(B)		2,500		2,500
District of Columbia, Georgetown University Project, RB
Callable 10/04/2017 @ 100
0.930%, 04/01/2041 (A)(B)		540		540
District of Columbia, Medlantic/Helix Project, Ser A, RB
Callable 11/01/2017 @ 100
0.930%, 08/15/2038 (A)(B)		1,100		1,100


				4,140


Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)

Florida — 7.8%
Escambia County, Health Facilities Authority, Azalea Trace Project, Ser B, RB, AGC
Callable 11/01/2017 @ 100
1.020%, 11/15/2029 (A)	$	600	$	600
JEA, Electric System Revenue, Ser 2008A, RB
Callable 10/04/2017 @ 100
0.960%, 10/01/2036 (A)		1,150		1,150
JEA, Electric System Revenue, Sub-Ser A, RB
2.000%, 10/01/2017		500		500
Miami-Dade County, Industrial Development Authority, Dave and Mary Alper Jewish Community Center Project, RB
Callable 10/04/2017 @ 100
0.930%, 04/01/2032 (A)(B)		5,695		5,695
Miami-Dade, Water & Sewer Authority, Ser B, RB
0.873%, 11/21/2017		5,000		4,999
Monroe County, School District, RB
2.000%, 10/01/2017		100		100


				13,044


Georgia — 1.4%
Georgia State, Municipal Electric Authority, Project One, Sub-Ser B, RB
Callable 10/04/2017 @ 100
0.940%, 01/01/2048 (A)(B)		2,300		2,300


Illinois — 4.2%
Elmhurst, Industrial Development Revenue Authority, Randall Manufacturing Production Project, AMT, RB
1.390%, 02/01/2027 (A)(B)		1,565		1,565
Illinois State, Finance Authority, Advocate Healthcare Network Project, Ser B, RB
Callable 10/04/2017 @ 100
0.930%, 11/01/2038 (A)		3,000		3,000
Saint Clair County, McKendree College Project, RB
Callable 11/01/2017 @ 100
1.030%, 06/01/2034 (A)(B)		1,180		1,180
Tender Option Bond Trust Receipts, Ser 2017- XG0133, RB
0.980%, 08/16/2018 (A)(C)		1,300		1,300


				7,045


Indiana — 6.8%
Elkhart County, Multi-Family Housing Authority, Ashton Pines Apartments Project, Ser A, RB
Callable 10/04/2017 @ 100
0.960%, 09/01/2043 (A)(B)		4,100		4,100


SEI Institutional Managed Trust / Annual Report / September 30, 2017		213

SCHEDULE OF INVESTMENTS

September 30, 2017

Tax-Free Conservative Income Fund (Continued)


Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Indiana State, Finance Authority, Goodwill Industries of Central Indiana Project, RB
Callable 10/04/2017 @ 100
0.970%, 12/01/2036 (A)(B)	$	800	$	800
Indiana State, Finance Authority, RB
Callable 10/04/2017 @ 100
0.930%, 02/01/2039 (A)		6,400		6,400


				11,300


Iowa — 6.8%
Iowa State, Finance Authority, Cedarwood Hills Project, Ser A, RB
Callable 11/01/2017 @ 100
0.950%, 05/01/2031 (A)		3,000		3,000
Iowa State, Finance Authority, Midwestern Disaster Area Economic Development, CJ Bio America Project, RB
Callable 10/04/2017 @ 100
1.280%, 04/01/2022 (A)(B)		4,300		4,300
Iowa State, Finance Authority, Pollution Control Facilities, MidAmerican Energy Project, RB
Callable 11/01/2017 @ 100
0.960%, 09/01/2036 (A)		1,500		1,500
Iowa State, Finance Authority, Pollution Control Facilities, MidAmerican Energy Project, Ser B, RB
Callable 10/04/2017 @ 100
0.960%, 05/01/2023 (A)		2,500		2,500


				11,300


Kansas — 1.4%
Manhattan, Industrial Development Authority, Florence Kansas Project, AMT, RB
Callable 10/04/2017 @ 100
0.980%, 04/01/2028 (A)(B)		2,400		2,400


Kentucky — 3.6%
Louisville & Jefferson County, Metropolitan Sewer District, RB
3.500%, 11/15/2017		6,000		6,017


Louisiana — 1.6%
Ascension Parish, Industrial Development Board, BASF Project, RB
Callable 11/01/2017 @ 100
1.040%, 10/01/2039 (A)		2,000		2,000
Louisiana State, Public Facilities Authority, Air Products and Chemicals Project, RB
0.940%, 08/01/2050 (A)		700		700


				2,700


Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)

Maryland — 1.2%
Maryland State, Community Development Administration, Department of Housing and Community Development, Crusader Arms Apartments Project, Ser D, RB
Callable 11/01/2017 @ 100
1.000%, 02/01/2041 (A)	$	1,070	$	1,070
Maryland State, Economic Development Authority, Academy of Sciences Project, RB
1.030%, 04/01/2033 (A)(B)		1,000		1,000


				2,070


Massachusetts — 4.1%
Massachusetts State, Department of Transportation, Metropolitan Highway System, Commonwealth Contract Assistance, Ser A-1, RB
Callable 10/04/2017 @ 100
0.930%, 01/01/2029 (A)		1,300		1,300
Massachusetts State, Water Resources Authority, Sub-Ser A-3, RB
Callable 10/04/2017 @ 100
0.930%, 08/01/2037 (A)		1,600		1,600
Quincy, BAN, GO
2.000%, 01/19/2018		2,000		2,006
Scituate, BAN, GO
2.000%, 02/02/2018		2,000		2,008


				6,914


Michigan — 2.8%
Michigan State, Building Authority, Multi- Model Facilities Program, Ser I, RB
0.970%, 10/15/2043 (A)(B)		2,000		2,000
Michigan State, Finance Authority, Higher Education Facilities, University of Detroit Mercy Project, RB
Callable 10/04/2017 @ 100
1.050%, 11/01/2040 (A)(B)		1,960		1,960
Michigan State, Strategic Fund, Kay Screen Printing Project, AMT, RB
1.110%, 05/01/2020 (A)(B)		800		800


				4,760


Minnesota — 1.2%
RBC Municipal Products Trust, Ser E-89, RB
Callable 11/06/2017 @ 100
0.970%, 07/01/2018 (A)(B)(C)		2,000		2,000


Mississippi — 1.0%
Jackson County, Chevron USA Project, RB
Callable 11/01/2017 @ 100
0.940%, 06/01/2023 (A)		500		500


214		SEI Institutional Managed Trust / Annual Report / September 30, 2017


Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Mississippi State, Business Finance, Chevron USA Project, Ser G, RB
Callable 11/01/2017 @ 100
0.960%, 11/01/2035 (A)	$	900	$	900
Mississippi State, Development Bank, Mississippi Highway Construction Project, RB
2.000%, 01/01/2018		250		251


				1,651


Missouri — 1.4%
Kansas City, Special Obligation, H Roe Bartle Project, Ser E, RB
Callable 10/04/2017 @ 100
0.960%, 04/15/2034 (A)(B)		2,300		2,300


New Jersey — 3.6%
Burlington County, Bridge Commission, Ser 2016, RB
2.000%, 11/16/2017		5,000		5,006
Passaic County, BAN, Ser A, GO
2.000%, 12/11/2017		1,000		1,002


				6,008


New York — 13.3%
Albany, Industrial Development Agency, Medical Center Hospital Project, Ser A, RB
Callable 10/04/2017 @ 100
0.990%, 07/01/2035 (A)(B)		5,000		5,000
New York City, Housing Development Authority, Hewitt House Apartments Project, Ser A, RB
Callable 10/04/2017 @ 100
0.920%, 11/01/2048 (A)(B)		2,000		2,000
New York City, Municipal Water Finance Authority, Water and Sewer System, RB
Callable 10/04/2017 @ 100
0.980%, 06/15/2048 (A)		200		200
New York City, Sub-Ser J-8-R, GO
Callable 11/06/2017 @ 100
1.000%, 08/01/2021 (A)(B)		5,000		5,000
New York State, Housing Finance Agency, 600 W. 42nd Street Project, Ser A, RB
Callable 10/04/2017 @ 100
0.910%, 05/15/2041 (A)(B)		4,500		4,500
Oswego County, Industrial Development Agency, O.H. Properties Project, Ser A, RB
Callable 10/04/2017 @ 100
1.190%, 06/01/2024 (A)(B)		835		835
Tender Option Bond Trust Receipts, Ser 2017- XF0550, RB
Callable 02/15/2027 @ 100
0.990%, 02/15/2042 (A)(C)		2,000		2,000


Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Triborough, Bridge & Tunnel Authority, Ser C, RB
Callable 10/04/2017 @ 100
0.960%, 01/01/2032 (A)(B)	$	1,250	$	1,250
Westchester County, Industrial Development Authority, Northern West Chester Hospital Project, RB
Callable 10/04/2017 @ 100
0.940%, 11/01/2024 (A)(B)		1,400		1,400


				22,185


Ohio — 3.7%
Avon City, Municipal Recreation Facility, GO
2.000%, 09/06/2018		1,000		1,008
Cuyahoga County, Oakwood Village, Various Purpose, BAN, GO
2.125%, 09/20/2018		600		606
Franklin County, HealthCare Facilities Refunding and Improvement Authority, Ohio Presbyterian Retirement Services Project, RB
Callable 10/05/2017 @ 100
0.970%, 07/01/2035 (A)(B)		300		300
Franklin County, Hospital Revenue Authority, Nationwide Hospital Project, Ser B, RB
Callable 10/05/2017 @ 100
0.920%, 11/01/2040 (A)		100		100
Hamilton County, HealthCare Facilities Authority, Children’s Home Project, RB
Callable 10/04/2017 @ 100
0.940%, 03/01/2033 (A)(B)		1,000		1,000
Hamilton, Multi-Family Housing Authority, Affordable Housing Project, Ser B, RB
Callable 10/04/2017 @ 100
1.040%, 01/01/2035 (A)(B)		1,694		1,694
Kirtland, BAN, Various Purpose, Ser-2017, GO
2.000%, 06/21/2018		500		503
Ohio State University, Ser B-1, RB
Callable 11/01/2017 @ 100
0.900%, 12/01/2034 (A)		500		500
Woodmere Village, Various Purpose, BAN, GO
2.000%, 10/03/2018		495		499


				6,210


Oregon — 0.3%
Oregon State, Veterans’ Welfare Bonds, GO
Callable 10/11/2017 @ 100
0.920%, 06/01/2040 (A)		500		500


SEI Institutional Managed Trust / Annual Report / September 30, 2017		215

SCHEDULE OF INVESTMENTS

September 30, 2017

Tax-Free Conservative Income Fund (Concluded)


Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)

Pennsylvania — 1.6%
Montgomery County, Industrial Development Authority, Acts Retirement Life Communities, RB, AGC
Callable 11/01/2017 @ 100
1.020%, 11/15/2029 (A)	$	2,000	$	2,000
Philadelphia, Gas Works Authority, Ser D, RB Callable 11/01/2017 @ 100
0.940%, 08/01/2031 (A)(B)		600		600


				2,600


Rhode Island — 0.6%
Cranston, Ser 1, BAN, GO
2.000%, 09/06/2018		1,000		1,008


Tennessee — 5.9%
Clarksville, Public Building Authority, Pooled Financing, RB
Callable 11/01/2017 @ 100
1.040%, 06/01/2029 (A)(B)		4,300		4,300
Shelby County, Health Educational & Housing Facilities Authority, Providence Place Apartments Project, RB
Callable 10/05/2017 @ 100
0.960%, 12/15/2042 (A)(B)		5,500		5,500


				9,800


Texas — 6.6%
Harris County, Health Facilities Development, Methodist Hospital Systems Project, RB
Callable 10/04/2017 @ 100
0.980%, 12/01/2041 (A)		800		800
Port of Port Arthur, Navigation District, Total Petrochemicals Project, RB
Callable 12/01/2017 @ 100
1.000%, 03/01/2039 (A)		5,300		5,300
Texas State, RB
4.000%, 08/30/2018		2,000		2,054
Texas State, Veterans Bonds, GO
Callable 11/01/2017 @ 100
0.960%, 12/01/2047 (A)		2,800		2,800


				10,954


Virginia — 2.4%
Albemarle County, Industrial Development Authority, Jefferson Scholars Foundation Project, RB
Callable 10/04/2017 @ 100
1.050%, 10/01/2037 (A)(B)		2,000		2,000


Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Lexington, Industrial Development Authority, Washington & Lee University Project, RB
Callable 10/04/2017 @ 100
0.920%, 01/01/2035 (A)	$	1,000	$	1,000
Loudoun County, Economic Development Authority, Loudoun County Roads and Public Facilities Project, RB
5.000%, 12/01/2017		1,000		1,007


				4,007


Washington — 0.2%
King & Pierce County, Auburn School District No. 408, GO
3.000%, 12/01/2017		400		401


Wisconsin — 1.3%
Oshkosh, Industrial Development Authority, Oshkosh Coil Spring Project, Ser A, AMT, RB
Callable 10/04/2017 @ 100
1.110%, 12/01/2020 (A)(B)		700		700
Wisconsin State, Housing & Economic Development Authority, Ser C, RB
Callable 10/04/2017 @ 100
0.940%, 03/01/2031 (A)		1,400		1,400


				2,100


Total Municipal Bonds (Cost $156,274) ($ Thousands)				156,268


TAX-EXEMPT COMMERCIAL PAPER — 6.6%
Fort Bend, Independent School District
0.860%, 10/06/2017		2,000		2,000
Harris County
0.970%, 12/01/2017		3,000		3,000
Houston
0.950%, 10/25/2017		5,000		5,000
Nashville & Davidson County, Metropolitan Government
0.950%, 10/11/2017		1,000		1,000


Total Commercial Paper (Cost $11,000) ($ Thousands)				11,000


Total Investments in Securities — 100.2% (Cost $167,274) ($ Thousands)			$	167,268

Percentages are based on Net Assets of $167,001 ($ Thousands).

(A)	Variable or floating rate security, the interest rate of which adjusts periodically based on prevailing interest rates.


216		SEI Institutional Managed Trust / Annual Report / September 30, 2017

(B)	Securities are held in connection with a letter of credit issued by a major bank.

(C)

Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration normally to qualified institutions. On September 30, 2017, the value of these securities amounted to $5,300 ($ Thousands), representing 3.2% of the Net Assets of the Fund.

AGC — Assured Guaranty Corporation

AMT — Alternative Minimum Tax

BAN — Bond Anticipation Note

GO — General Obligation

RB — Revenue Bond

Ser — Series

TA — Tax Allocation

As of September 30, 2017, all of the Fund’s investments were considered Level 2, in accordance with the authoritative guidance on fair value measurements and disclosure under U.S. GAAP.

For the year ended September 30, 2017, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the year ended September 30, 2017, there were no transfers between Level 2 and Level 3 assets and liabilities.

For more information on valuation inputs, see Note 2 – Significant Accounting Policies in Notes to Financial Statements.

The accompanying notes are an integral part of the financial statements.


SEI Institutional Managed Trust / Annual Report / September 30, 2017		217

SCHEDULE OF INVESTMENTS

September 30, 2017

Real Return Fund

LOGO

^† Percentages are based on total investments.



Description	Face Amount (Thousands)		Market Value ($ Thousands)

U.S. TREASURY OBLIGATIONS — 99.7%
U.S. Treasury Inflation Protected Securities
2.125%, 01/15/2019	$	9,210	$	9,497
1.875%, 07/15/2019		10,485		10,923
1.375%, 01/15/2020		12,740		13,197
1.250%, 07/15/2020		19,656		20,484
1.125%, 01/15/2021		22,491		23,386
0.625%, 07/15/2021		23,881		24,545
0.125%, 04/15/2019		32,881		33,003
0.125%, 04/15/2020		32,895		33,057
0.125%, 04/15/2021		28,601		28,690
0.125%, 01/15/2022		26,380		26,463
0.125%, 04/15/2022		18,952		18,951
0.125%, 07/15/2022		27,466		27,598


Total U.S. Treasury Obligations (Cost $269,848) ($ Thousands)				269,794


	Shares

CASH EQUIVALENT — 0.2%
SEI Daily Income Trust, Government Fund, Cl F 0.840%**^†		570,155		570

Total Cash Equivalent (Cost $570) ($ Thousands)				570


Total Investments in Securities — 99.9% (Cost $270,418) ($ Thousands)			$	270,364

Percentages are based on Net Assets of $270,538 ($ Thousands).

Rate shown is the 7-day effective yield as of September 30, 2017.

^†

Investment in Affiliated Security (see Note 6).

The following is a list of the level of inputs used as of September 30, 2017, in valuing the Fund’s investments carried at value ($ Thousands):




Investments in Securities	Level 1		Level 2		Level 3		Total

U.S. Treasury Obligations	$	–	$	269,794	$	–	$	269,794
Cash Equivalent		570		–		–		570


Total Investments in Securities	$	570	$	269,794	$	–	$	270,364

For the year ended September 30, 2017, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the year ended September 30, 2017, there were no transfers between Level 2 and Level 3 assets and liabilities.

For more information on valuation inputs, see Note 2 – Significant Accounting Policies in Notes to Financial Statements.

Amounts designated as “–” are $0 or have been rounded to $0.

Cl — Class

The following is a summary of the Fund’s transactions with affiliates for the year ended September 30, 2017 ($ Thousands):

Security Description

Value
9/30/2016

Purchases at

Cost

Proceeds from
Sales

Realized Gain
(Loss)

Change in Unrealized
Appreciation
(Depreciation)

Value
9/30/2017

Dividend
Income

SEI Daily Income Trust, Government Fund, CI F

$ 5,456

$ 47,190

$ (52,076)

$ –

$ 570

$ 5

The accompanying notes are an integral part of the financial statements.


218		SEI Institutional Managed Trust / Annual Report / September 30, 2017

SUMMARY SCHEDULE OF INVESTMENTS

September 30, 2017

Dynamic Asset Allocation Fund

LOGO

^†Percentages are based on total investments.



Description	Percentage of Net Assets (%)		Shares		Market Value ($ Thousands)

COMMON STOCK — 96.4%

Consumer Discretionary — 11.4%
Amazon.com, Cl A*		1.7%		13,736	$	13,205
Comcast, Cl A		0.8		161,980		6,233
Home Depot		0.9		40,582		6,638
McDonald’s		0.5		27,907		4,372
Walt Disney		0.7		53,181		5,242
Other Securities		6.8				52,425

						88,115


Consumer Staples — 7.9%
Altria Group		0.5		66,169		4,196
Coca-Cola		0.8		132,182		5,949
PepsiCo		0.7		49,140		5,476
Philip Morris International		0.8		53,637		5,954
Procter & Gamble		1.0		87,609		7,971
Wal-Mart Stores		0.5		50,676		3,960
Other Securities		3.6				27,643

						61,149


Energy — 5.9%
Chevron		1.0		65,126		7,652
ExxonMobil		1.6		145,700		11,944
Schlumberger, Cl A		0.4		47,637		3,323
Other Securities		2.9				22,313

						45,232


Financials — 14.0%
Bank of America		1.1		337,645		8,556
Berkshire Hathaway, Cl B*		1.6		66,130		12,123
Citigroup		0.9		93,845		6,826
JPMorgan Chase		1.5		121,017		11,558
Wells Fargo		1.1		154,033		8,495
Other Securities		7.8				59,810

						107,368


Health Care — 13.8%
Abbott Laboratories		0.4		59,824		3,192
AbbVie		0.6		55,025		4,890
Amgen, Cl A		0.6		25,163		4,692
Bristol-Myers Squibb		0.5		56,538		3,604
Celgene, Cl A*		0.5		26,794		3,907



Description	Percentage of Net Assets (%)		Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Gilead Sciences		0.5%		44,813	$	3,631
Johnson & Johnson		1.6		92,544		12,032
Medtronic		0.5		46,941		3,651
Merck		0.8		94,066		6,023
Pfizer		0.9		205,157		7,324
UnitedHealth Group		0.8		33,411		6,544
Other Securities		6.1				46,676

						106,166


Industrials — 10.1%
3M		0.6		20,526		4,308
Boeing		0.6		19,209		4,883
General Electric		0.9		298,093		7,208
Honeywell International		0.5		26,152		3,707
Union Pacific		0.4		27,819		3,226
Other Securities		7.1				54,455

						77,787


Information Technology — 22.4%
Alphabet, Cl A*		1.3		10,269		9,999
Alphabet, Cl C*		1.3		10,393		9,968
Apple		3.5		177,930		27,423
Broadcom		0.4		14,075		3,414
Cisco Systems		0.7		171,972		5,783
Facebook, Cl A*		1.8		81,471		13,921
Intel		0.8		161,897		6,165
International Business Machines		0.6		29,868		4,333
Mastercard, Cl A		0.6		32,182		4,544
Microsoft		2.6		265,396		19,769
Nvidia		0.5		20,748		3,709
Oracle, Cl B		0.6		104,333		5,045
Visa, Cl A		0.9		63,032		6,634
Other Securities		6.8				52,025

						172,732


Materials — 2.9%
DowDuPont		0.7		80,375		5,564
Other Securities		2.2				16,548

						22,112


Real Estate — 2.9%
Other Securities ^‡		2.9				22,084


Telecommunication Services — 2.1%
AT&T		1.1		211,803		8,296
Verizon Communications		0.9		140,198		6,938
Other Securities		0.1				893

						16,127


SEI Institutional Managed Trust / Annual Report / September 30, 2017		219

SUMMARY SCHEDULE OF INVESTMENTS

September 30, 2017

Dynamic Asset Allocation Fund (Continued)


Description	Percentage of Net Assets (%)	Shares	Market Value ($ Thousands)

COMMON STOCK (continued)

Utilities — 3.0%
Other Securities	3.0%		$	22,998


Total Common Stock (Cost $609,860) ($ Thousands)				741,870


Description	Percentage of Net Assets (%)	Shares	Market Value ($ Thousands)

COMMON STOCK (continued)
Total Investments in Securities — 96.4% (Cost $609,860)($ Thousands)			$	741,870

*PURCHASED OPTION — 0.1%**
Total Purchased Option (A) (Cost $1,525) ($ Thousands)			$	883


*WRITTEN OPTION — (0.1)%**
Total Written Option (A) (Premiums Received $781) ($ Thousands)			$	(425	)

A list of the exchange traded option contracts held by the Fund at September 30, 2017, is as follows:


Description	Number of Contracts	Notional Amount ($ Thousands)	Exercise Price		Expiration Date		Value ($ Thousands)

PURCHASED OPTION — 0.1%

Put Options
December 2017, S&P 500 Index Option Put*	607	$ 1,525		$2,370		12/18/17	$	883


WRITTEN OPTION — (0.1)%

Put Options
December 2017, S&P 500 Index Option Put*	(607)	(781)		2,250		12/18/17	$	(425	)

A list of the open futures contracts held by the Fund at September 30, 2017, is as follows:


Type of Contract	Number of Contracts Long (Short)		Expiration Date		Notional Amount ($ Thousands)		Value ($ Thousands)		Unrealized Appreciation (Depreciation) ($ Thousands)
CAC40 10 Euro Index		494		Oct-2017		$30,425		$31,107		$1,097
DAX Index		82		Dec-2017		30,543		31,016		887
IBEX 35 Index		242		Oct-2017		29,704		29,556		81
IBEX Index		9		Oct-2017		1,098		1,099		1
S&P 500 Index E-MINI		(1,138)		Dec-2017		(140,300)		(143,166)		(2,866)
TOPIX Index		518		Dec-2017		75,163		77,080		3,851

						$26,633		$26,692		$3,051

A list of the open forward foreign currency contracts held by the Fund at September 30, 2017, is as follows:


Counterparty	Settlement Date			Currency to Deliver (Thousands)			Currency to Receive (Thousands)		Unrealized Appreciation (Depreciation) (Thousands)
Bank of America		01/09/18	USD		108,224	INR		7,163,322	$	68
Bank of America		10/11/17 - 01/09/18	USD		115,594	INR		7,541,322		(405	)
Bank of America		10/11/17	INR		7,163,322	USD		109,264		(211	)
Bank of America		01/09/18	SAR		143,858	USD		38,051		(303	)
Bank of Montreal		10/11/17	SGD		570	USD		420		1
Bank of Montreal		10/11/17	USD		5,562	JPY		621,866		(34	)
Bank of Montreal		01/09/18	JPY		614,025	USD		5,516		31
Barclays PLC		10/11/17	SGD		201	USD		146		(2	)
BNP Paribas		10/11/17	USD		601	JPY		66,154		(13	)
Citigroup		10/11/17	SGD		141	USD		104		—
Credit Suisse First Boston		01/09/18	EUR		2,798	USD		3,326		(1	)
Goldman Sachs		10/11/17	USD		2,507	EUR		2,125		7


220		SEI Institutional Managed Trust / Annual Report / September 30, 2017


Counterparty	Settlement Date			Currency to Deliver (Thousands)			Currency to Receive (Thousands)		Unrealized Appreciation (Depreciation) (Thousands)
Goldman Sachs		10/11/17 - 01/09/18	EUR		7,613	USD		8,777		$	(242	)
Goldman Sachs		10/11/17 - 01/09/18	JPY		832,633	USD		7,455			35
HSBC		01/09/18	SGD		743	USD		548			—
JPMorgan Chase Bank		10/11/17	USD		1,490	EUR		1,252			(9	)
JPMorgan Chase Bank		10/11/17	JPY		266,622	USD		2,386			16
Morgan Stanley		10/11/17	USD		18,588	TWD		562,651			(30	)
Morgan Stanley		10/11/17 - 01/09/18	TWD		583,761	USD		19,390			57
Morgan Stanley		10/11/17 - 01/09/18	TWD		561,841	USD		18,468			(65	)
Standard Chartered		10/11/17	USD		1,796	EUR		1,565			55
Standard Chartered		10/11/17	USD		73,765	KRW		83,932,360			(450	)
Standard Chartered		10/11/17 - 01/09/18	KRW		167,864,720	USD		147,436			673
Standard Chartered		01/09/18	KRW		4,230,000	USD		3,698			(3	)
TD Securities		10/11/17	USD		644	EUR		546			1
UBS		10/11/17	USD		18,697	SGD		25,323			(45	)
UBS		01/09/18	SGD		25,323	USD		18,712			35
UBS		10/11/17	SGD		24,411	USD		17,663			(318	)

										$	(1,152	)

A list of the open OTC swap agreements held by the Fund at September 30, 2017, is as follows:

Total Return Swaps

Counterparty

Reference Entity/ Obligation

Fund Pays

Fund Receives

Payment

Frequency

Termination Date

Notional
Amount

(Thousands)

Value
(Thousands)

Upfront
Payments/
Receipts
(Thousands)

Net Unrealized
Appreciation
(Depreciation)
($ Thousands)

Morgan Stanley

Russell 1000 Growth Index

Index Return

3M USD-LIBOR plus 25BPS

Monthly

09/18/2018

$74,260

$(310)

$–

$(274)

Morgan Stanley

Russell 1000 Value Index

3M USD-LIBOR plus 30BPS

Index Return

Monthly

09/18/2018

(74,260)

733

–

696

$–

$422

Percentages are based on a Net Assets of $769,622 ($ Thousands).

*	Non-income producing security.

^‡	Real Estate Investment Trust.

(A)	Refer to table below for details on Options Contracts.

BPS — Basis Point

Cl — Class

DAX — Deutscher Aktien Exchange

EUR — Euro

IBEX — Spanish Exchange

INR — Indian Rupee

JPY — Japanese Yen

KRW — Korean Won

LIBOR — London Interbank Offered Rate

S&P— Standard & Poor’s

SAR— Saudi Riyal

SGD — Singapore Dollar

TOPIX — Tokyo Stock Exchange

TWD — Taiwan Dollar

USD — United States Dollar


SEI Institutional Managed Trust / Annual Report / September 30, 2017			221

SUMMARY SCHEDULE OF INVESTMENTS

September 30, 2017

Dynamic Asset Allocation Fund (Concluded)

The following is a list of the level of inputs used as of September 30, 2017, in valuing the Fund’s investments and other financial instruments carried at value ($ Thousands):




Investments in Securities	Level 1		Level 2		Level 3		Total

Common Stock	$	741,870	$	–	$	–	$	741,870


Total Investments in Securities	$	741,870	$	–	$	–	$	741,870




Other Financial Instruments	Level 1		Level 2		Level 3		Total

Purchased Option	$	883	$	—	$	—	$	883
Written Option		(425)		—		—		(425)
Futures Contracts *
Unrealized Appreciation		5,917		—		—		5,917
Unrealized Depreciation		(2,866)		—		—		(2,866)
Forwards Contracts *
Unrealized Appreciation		—		979		—		979
Unrealized Depreciation		—		(2,131)		—		(2,131)
OTC Swaps
Total Return Swaps *
Unrealized Appreciation		—		696		—		696
Unrealized Depreciation		—		(274)		—		(274)

Total Other Financial Instruments	$	3,509	$	(730)	$	—	$	2,779

* Futures contracts, forward contracts and swap contracts are valued at the unrealized appreciation (depreciation) on the instruments.

For the year ended September 30, 2017, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the year ended September 30, 2017, there were no transfers between Level 2 and Level 3 assets and liabilities.

For more information on valuation inputs, see Note 2 — Significant Accounting Policies in Notes to Financial Statements.

Amounts designated as “—” are either $0 or have been rounded to $0.

The accompanying notes are an integral part of the financial statements.


222		SEI Institutional Managed Trust / Annual Report / September 30, 2017

SCHEDULE OF INVESTMENTS

September 30, 2017

Multi-Strategy Alternative Fund

^†Percentages are based on total investments. Includes investments held as collateral for securities held on loan (see Note 10).


Description	Shares		Market Value ($ Thousands)
COMMON STOCK — 37.8%

Consumer Discretionary — 11.4%
Adient,(A)		28,173	$	2,366
Amazon.com, Cl A *		501		482
American Eagle Outfitters		20,160		288
Bandai Namco Holdings		10,900		374
Burlington Stores *		4,260		407
Callaway Golf		67,351		972
Charter Communications, Cl A *		2,708		984
Comcast, Cl A		8,815		339
CTS Eventim & KGaA		1,377		60
DeNA		111,661		2,502
Discovery Communications, Cl C *		852		17
Dollarama		4,100		448
Eldorado Resorts *		57,384		1,472
Extended Stay America		50,367		1,007
Gentex		20,417		404
H&R Block		19,251		510
Hennes & Mauritz, Cl B		17,902		463
Hilton Worldwide Holdings,(A)		35,047		2,434
Home Depot		3,779		618
Houghton Mifflin Harcourt *		126,651		1,526
Industria de Diseno Textil		8,713		328
International Game Technology		77,295		1,898
Interpublic Group		18,491		384
John Wiley & Sons, Cl A		2,544		136
L Brands		19,579		815
Lands’ End *		28,190		372
Lear		3,312		573
Lennar, Cl B		11,208		505


Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Liberty Media -Liberty Formula One, Cl C *		30,708	$	1,170
Live Nation *		12,479		543
Lowe’s		18,934		1,514
lululemon athletica *		8,792		547
Madison Square Garden *		6,709		1,436
Malibu Boats, Cl A *		17,119		542
Mediaset *		21,701		75
Mediaset Espana Comunicacion		42,834		484
Melco Resorts & Entertainment ADR		76,527		1,846
Michael Kors Holdings *		7,972		381
Newell Brands, Cl B		28,590		1,220
Norwegian Cruise Line Holdings *		16,920		915
Omnicom Group		171		13
Pandora		1,793		177
Penn National Gaming *		74,351		1,739
Ralph Lauren, Cl A		546		48
Ross Stores		6,604		426
Scripps Networks Interactive, Cl A		78,077		6,706
Sega Sammy Holdings		27,500		384
Shaw Communications, Cl B		17,300		397
Shimamura		3,000		360
Sirius XM Holdings		71,021		392
Start Today		14,400		456
Time Warner		88,654		9,083
TJX		5,413		399
Toho		10,600		370
Tribune Media, Cl A		34,614		1,414
USS		4,000		81
Walt Disney		5,200		513
William Lyon Homes, Cl A(A)		41,726		959
Williams-Sonoma		8,192		408
World Wrestling Entertainment, Cl A		23,349		550
WPP		13,826		257


				58,489


Consumer Staples — 2.1%
Conagra Brands		3,650		123
Distribuidora Internacional de Alimentacion		57,848		337
George Weston		3,692		321
Hain Celestial Group *		26,535		1,092
Japan Tobacco		4,900		160
Jeronimo Martins SGPS		26,653		526
Kao		5,900		347
Kirin Holdings		16,400		386
Lancaster Colony		2,442		293
Lion		27,800		507
Loblaw		600		33
Marine Harvest		21,871		433
Nestle		7,034		590
Nu Skin Enterprises, Cl A		2,369		146
PepsiCo		1,603		179
Pola Orbis Holdings		15,000		454


SEI Institutional Managed Trust / Annual Report / September 30, 2017		223

SCHEDULE OF INVESTMENTS

September 30, 2017

Multi-Strategy Alternative Fund (Continued)


Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Saputo		11,800	$	407
Seven & i Holdings		4,900		189
Spectrum Brands Holdings		2,941		311
Suntory Beverage & Food		5,300		236
Swedish Match		15,343		537
Tyson Foods, Cl A		39,148		2,758
Unicharm		15,500		355

				10,720


Energy — 1.2%
Apache		4,497		206
Chevron		3,510		412
Devon Energy		12,106		444
Enbridge Income Fund Holdings		6,752		174
ExxonMobil		6,102		500
Galp Energia SGPS		21,158		375
Husky Energy *		38,100		476
Imperial Oil		12,600		402
Neste		9,905		433
Newfield Exploration *		13,280		394
NexGen Energy *		177,428		393
Petrofac		113,638		686
Royal Dutch Shell, Cl A		4,751		144
Statoil		3,933		79
Suncor Energy		11,500		402
Valero Energy		5,660		435


				5,955


Financials — 0.7%
AGNC Investment ^‡		17,874		388
Bankia		26,379		127
Berkshire Hathaway, Cl B *		59		11
CF *		15,653		175
Erste Group Bank		9,830		425
Hang Seng Bank		17,300		422
Hong Kong Exchanges & Clearing		2,700		73
Japan Post Holdings		10,400		123
Lazard, Cl A (B)		8,358		378
Northern Trust		4,115		378
Partners Group Holding		533		362
Starwood Property Trust ^‡		12,306		267
State Street		6,400		611


				3,740


Health Care — 4.5%
Akorn *		5,714		190
Alere *		17,134		874
Astellas Pharma		39,400		501
AstraZeneca ADR		2,878		98
Bioverativ *		6,543		373
Bruker BioSciences		20,015		595
C.R. Bard		22,458		7,198


Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
DaVita *		6,460	$	384
Exelixis *		19,935		483
HCA Healthcare *		4,690		373
Hoya		10,200		550
ICON *		4,611		525
INC Research Holdings, Cl A *		5,590		292
Mallinckrodt *		10,390		388
Masimo *		4,234		366
Mettler Toledo International *		964		604
Molina Healthcare *		5,469		376
Novo Nordisk, Cl B		12,473		596
Perrigo		4,723		400
PRA Health Sciences *		3,863		294
Quest Diagnostics		3,397		318
Regeneron Pharmaceuticals *		20		9
Roche Holding		1,442		368
Sumitomo Dainippon Pharma		26,400		343
Taro Pharmaceutical Industries *		4,107		463
United Therapeutics *		4,421		518
Universal Health Services, Cl B		2,450		272
Valeant Pharmaceuticals International *		25,595		366
Varex Imaging * (A)		71,649		2,425
Varian Medical Systems *		1,704		171
Vertex Pharmaceuticals *		3,003		457
Vifor Pharma		4,760		561
VWR *		27,730		918
Waters *		1,196		215
WellCare Health Plans *		2,031		349


				23,213


Industrials — 5.1%
3M		1,866		392
Advisory Board *		24,095		1,292
Aena (C)		11,650		2,104
Briggs & Stratton		17,942		422
Builders FirstSource *(A)		177,224		3,188
BWX Technologies, Cl W (A)		43,450		2,434
CAE		17,443		304
Casella Waste Systems, Cl A *		63,080		1,186
Central Japan Railway		3,100		543
CK Hutchison Holdings		27,500		352
Copart *		4,367		150
Delta Air Lines, Cl A (A)		45,486		2,193
Deutsche Lufthansa		22,584		628
General Dynamics		1,176		242
Graco		3,368		417
Hawaiian Holdings		6,037		227
Herc Holdings *		10,537		518
ISS		9,067		365
Jacobs Engineering Group		7,067		412
Japan Airlines		15,500		524
Jardine Strategic Holdings		7,000		302


224		SEI Institutional Managed Trust / Annual Report / September 30, 2017


Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
ManpowerGroup		3,523	$	415
MTR		66,000		385
Northrop Grumman		1,451		417
Republic Services		5,686		376
Robert Half International		10,645		536
Rockwell Automation		2,212		394
Rollins		9,833		454
SGS, Cl B		153		367
Spirit AeroSystems Holdings, Cl A		4,727		367
Team *		22,676		303
United Continental Holdings *(A)		33,109		2,016
Vestas Wind Systems		6,338		569
Waste Management		4,900		383
WSP Global		8,900		369
WW Grainger		2,163		389


				25,935


Information Technology — 6.6%
Activision Blizzard		11,569		746
Angie’s List *		16,258		202
Ansys *		3,034		372
Blackhawk Network Holdings, Cl A *		52,081		2,281
Cadence Design Systems *		10,992		434
Cars.com *(A)		67,138		1,786
Check Point Software Technologies *		3,456		394
Cision *		36,419		474
Citrix Systems *		4,483		344
CommerceHub *		41,078		927
Constellation Software		1,100		599
Etsy *		95,322		1,609
Facebook, Cl A *		3,410		583
Fortinet *		4,805		172
Fujitsu		5,000		37
Immersion *		23,210		190
Imperva *		15,144		657
Instructure *		28,948		960
Internap *		136,246		593
Intuit		3,033		431
Jack Henry & Associates		3,766		387
Kakaku.com		29,600		377
Logitech International		15,309		559
Manhattan Associates *		7,769		323
Mastercard, Cl A		3,198		451
Match Group *		51,449		1,193
MAXIMUS		3,204		207
MercadoLibre		1,492		386
Methanex		6,500		326
Mixi		9,700		468
MobileIron *		80,372		297
MoneyGram International *		5,580		90
NCR *		35,118		1,318
Nintendo ADR		44,921		2,064


Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Nomura Research Institute		6,300	$	246
NXP Semiconductors *		61,649		6,972
Otsuka		3,000		192
Red Hat *		4,344		482
Rightmove		4,139		225
SCREEN Holdings		400		28
Seagate Technology		12,202		405
Skyworks Solutions		5,501		560
Square Enix Holdings		4,300		162
Teradata *		18,072		611
Trivago ADR *		4,626		50
VMware, Cl A *		5,438		594
VTech Holdings		20,700		302
Zynga, Cl A *		210,323		795


				33,861


Materials — 2.2%
Albemarle		396		54
Allegheny Technologies		102,843		2,458
AptarGroup		4,320		373
Bemis		7,556		344
Boliden		10,494		354
Chemours		9,291		470
Commercial Metals, Cl A		9,385		179
Constellium, Cl A *		66,634		683
Forterra *		6,711		30
Fortescue Metals Group		70,082		283
Freeport-McMoRan, Cl B *		25,146		353
Huntsman		23,834		654
Ingevity *(A)		38,687		2,417
Louisiana-Pacific *		20,100		544
Olympic Steel		55,327		1,217
Teck Resources, Cl B		17,100		359
West Fraser Timber, Cl O		1,100		63
Worthington Industries		7,837		361


				11,196


Real Estate — 1.0%
Gaming and Leisure Properties ^‡		36,555		1,348
New York		153,919		1,208
RLJ Lodging Trust ^‡		66,316		1,459
STORE Capital		52,901		1,316


				5,331


Telecommunication Services — 1.8%
AT&T		4,466		175
BCE		8,202		384
Frontier Communications		20,004		236
General Communication, Cl A *		4,417		180
Level 3 Communications *		13,046		695
Millicom International Cellular		1,498		99
NII Holdings *		198,824		92


SEI Institutional Managed Trust / Annual Report / September 30, 2017		225

SCHEDULE OF INVESTMENTS

September 30, 2017

Multi-Strategy Alternative Fund (Continued)


Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Nippon Telegraph & Telephone		11,500	$	527
NTT DOCOMO		21,100		482
PCCW		574,000		311
Rogers Communications, Cl B		7,700		396
Spark New Zealand		105,507		278
Straight Path Communications *		4,117		744
Swisscom		808		414
Telenor		22,045		466
Telia		44,632		210
T-Mobile US *		15,086		930
Zayo Group Holdings *		71,389		2,457


				9,076


Utilities — 1.2%
AGL Energy		797		15
AusNet Services		130,844		174
Calpine *		127,756		1,884
Canadian Utilities, Cl A		12,700		394
Centerpoint Energy		12,944		378
Centrica		136,105		341
CLP Holdings, Cl B		56,000		574
Dominion Energy		4,676		360
EDP - Energias de Portugal		31,842		120
Endesa		14,920		336
Hong Kong & China Gas		203,500		382
MDU Resources Group		14,156		367
National Grid		11,641		144
Power Assets Holdings		40,500		351
SSE		19,138		359


				6,179

Total Common Stock (Cost $177,266) ($ Thousands)				193,695


REGISTERED INVESTMENT COMPANIES — 31.7%
AQR Managed Futures Strategy HV, Cl I		1,581,822		13,493
ASG Managed Futures Strategy Fund , Cl Y		1,688,825		16,821
Blackrock Global Long/Short Credit Fund, Cl I		4,721,717		49,153
Merger Fund , Cl I		3,055,379		48,825
SEI Institutional Managed Trust Long/Short

Alternative Fund , Cl Y ^†		3,142,922		34,352


Total Registered Investment Companies (Cost $166,426) ($ Thousands)				162,644


	Face Amount (Thousands)

CORPORATE OBLIGATIONS — 5.2%

Consumer Discretionary — 0.8%
Altice Financing
7.500%, 05/15/2026 (C)	$	425		468


Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Bon-Ton Department Stores
8.000%, 06/15/2021	$	315	$	113
CCO Holdings
5.125%, 05/01/2027 (C)		155		157
Cengage Learning
9.500%, 06/15/2024 (C)		185		161
CSC Holdings
10.875%, 10/15/2025 (C)		105		130
10.125%, 01/15/2023 (C)		25		29
Cumulus Media Holdings
7.750%, 05/01/2019		115		33
Diamond Resorts International
10.750%, 09/01/2024 (C)		150		160
DISH DBS
5.875%, 11/15/2024		150		157
Guitar Center
9.625%, 04/15/2020 (C)		575		357
Hilton Domestic Operating
4.250%, 09/01/2024		105		107
iHeartCommunications
14.000% cash/0% PIK, 02/01/2021		748		101
9.000%, 12/15/2019		100		75
9.000%, 03/01/2021		115		82
Inn of the Mountain Gods Resort & Casino
9.250%, 11/30/2020 (C) (D)		220		198
Jacobs Entertainment
7.875%, 02/01/2024 (C)		95		102
KFC Holding
5.250%, 06/01/2026 (C)		150		159
McClatchy
9.000%, 12/15/2022		150		155
Monitronics International
9.125%, 04/01/2020		405		360
Penn National Gaming
5.625%, 01/15/2027 (C)		165		171
Scientific Games International
7.000%, 01/01/2022 (C)		225		239
SFR Group
7.375%, 05/01/2026 (C)		175		189
Sugarhouse HSP Gaming Prop Mezz
5.875%, 05/15/2025 (C)		160		157
Urban One
9.250%, 02/15/2020 (C)		315		298
7.375%, 04/15/2022 (C)		30		30

				4,188


Consumer Staples — 0.1%
New Albertson’s
8.000%, 05/01/2031		30		24
7.450%, 08/01/2029		385		298


226		SEI Institutional Managed Trust / Annual Report / September 30, 2017


Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Rite Aid
7.700%, 02/15/2027	$	165	$	146


				468


Energy — 1.8%
California Resources
8.000%, 12/15/2022 (C)		170		111
Crestwood Midstream Partners
5.750%, 04/01/2025		245		250
Ensco
5.750%, 10/01/2044		165		119
EP PetroEcuador via Noble Sovereign
Funding I
6.961%, VAR ICE LIBOR USD 3
Month+5.630%, 09/24/2019		213		214
Jupiter Resources
8.500%, 10/01/2022 (C)		205		147
KCA Deutag UK Finance
9.875%, 04/01/2022 (C)		100		104
MEG Energy
6.500%, 01/15/2025 (C)		115		112
Noble Holding International
8.700%, 04/01/2045		85		70
7.750%, 01/15/2024		75		67
Parker Drilling
6.750%, 07/15/2022		200		160
Petrobras Global Finance BV
8.375%, 05/23/2021		1,325		1,533
6.250%, 03/17/2024		627		670
6.125%, 01/17/2022		1,286		1,382
Petrobras International Finance
5.375%, 01/27/2021		368		388
Petroleos Mexicanos
6.375%, 02/04/2021		549		601
5.375%, 03/13/2022		395		422
4.967%, VAR ICE LIBOR USD 3
Month+3.650%, 03/11/2022		278		303
4.250%, 01/15/2025		330		328
Petroleos Mexicanos MTN
6.875%, 08/04/2026		196		223
3.750%, 02/21/2024	EUR	196		246
1.875%, 04/21/2022		456		547
Rowan
5.850%, 01/15/2044	$	350		278
5.400%, 12/01/2042		55		42
Transocean
6.800%, 03/15/2038		290		236
5.800%, 10/15/2022		135		133
Ultra Resources
6.875%, 04/15/2022 (C)		60		61
Weatherford International
9.875%, 02/15/2024 (C)		45		49


Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
5.950%, 04/15/2042	$	130	$	107


				8,903


Financials — 0.9%
Africa Finance
3.875%, 04/13/2024		622		627
BCD Acquisition
9.625%, 09/15/2023 (C)		140		154
Citigroup Global Markets Holdings
17.762%, 03/13/2018		11,903		624
Citigroup Global Markets Holdings MTN (E)
20.503%, 12/21/2017	EGP	12,412		676
18.546%, 10/12/2017		10,304		581
17.489%, 10/26/2017		11,418		639
17.592%, 03/01/2018		7,475		394
CNG Holdings
9.375%, 05/15/2020 (C)	$	100		87
JPMorgan Chase
5.150%, VAR ICE LIBOR USD 3
Month+3.250%, 04/05/2023		150		156
Navient
7.250%, 09/25/2023		100		108
6.625%, 07/26/2021		10		11
6.500%, 06/15/2022		35		37
Springleaf Finance
7.750%, 10/01/2021		215		243


				4,337


Health Care — 0.3%
Aurora Diagnostics Holdings
12.250%, 01/15/2020		350		324
Centene
4.750%, 01/15/2025		150		156
Envision Healthcare
6.250%, 12/01/2024 (C)		130		139
Kindred Healthcare
6.375%, 04/15/2022		250		226
Ortho-Clinical Diagnostics
6.625%, 05/15/2022 (C)		60		59
Tenet Healthcare
8.125%, 04/01/2022		145		147
Valeant Pharmaceuticals International
7.500%, 07/15/2021 (C)		470		469
7.000%, 03/15/2024 (C)		30		32
6.750%, 08/15/2021 (C)		20		20
5.875%, 05/15/2023 (C)		25		22


				1,594


Industrials — 0.4%
AMN Healthcare
5.125%, 10/01/2024 (C)		150		155


SEI Institutional Managed Trust / Annual Report / September 30, 2017		227

SCHEDULE OF INVESTMENTS

September 30, 2017

Multi-Strategy Alternative Fund (Continued)


Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Builders FirstSource
5.625%, 09/01/2024 (C)	$	150	$	159
Cenveo
8.500%, 09/15/2022 (C)		505		227
6.000%, 08/01/2019 (C)		100		80
Global A&T Electronics
10.000%, 02/01/2019 (C)(G)		450		378
Prime Security Services Borrower
9.250%, 05/15/2023 (C)		175		193
RR Donnelley & Sons
6.000%, 04/01/2024		450		420
Standard Industries
6.000%, 10/15/2025 (C)		65		71
Xerium Technologies
9.500%, 08/15/2021		280		290


				1,973


Information Technology — 0.3%
Boxer Parent
9.000% cash/0% PIK, 10/15/2019 (C)		250		250
Dell International
8.100%, 07/15/2036 (C)		150		188
7.125%, 06/15/2024 (C)		275		304
Rackspace Hosting
8.625%, 11/15/2024 (C)		290		309
Symantec
5.000%, 04/15/2025 (C)		200		209
Unisys
10.750%, 04/15/2022 (C)		155		172
United Group BV
4.375%, VAR Euribor 3 Month+4.375%, 07/01/2023 (C)	EUR	100		119


				1,551


Materials — 0.3%
Allegheny Technologies
9.375%, 06/01/2019	$	175		191
Alpha 3 BV
6.250%, 02/01/2025 (C)		100		102
Big River Steel
7.250%, 09/01/2025 (C)		95		101
First Quantum Minerals
7.500%, 04/01/2025 (C)		75		77
7.250%, 04/01/2023 (C)		35		36
7.000%, 02/15/2021 (C)		175		180
Freeport-McMoRan
5.450%, 03/15/2043		265		248
Hexion
6.625%, 04/15/2020		225		201
Rain CII Carbon
7.250%, 04/01/2025 (C)		310		327


Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
TPC Group
8.750%, 12/15/2020 (C)	$	260	$	252


				1,715


Real Estate — 0.0%
Sabra Health Care
5.125%, 08/15/2026		150		154


Telecommunication Services — 0.3%
C&W Senior Financing Designated Activity
6.875%, 09/15/2027 (C)		110		114
CenturyLink
6.750%, 12/01/2023		35		36
5.625%, 04/01/2025		280		268
Digicel
6.000%, 04/15/2021 (C)		215		210
Digicel Group
7.125%, 04/01/2022 (C)		200		181
Embarq
7.995%, 06/01/2036		150		152
GTH Finance BV
6.250%, 04/26/2020		200		212
Intelsat Jackson Holdings
7.250%, 10/15/2020		165		159
Sprint
7.875%, 09/15/2023		135		157
T-Mobile USA
6.375%, 03/01/2025		95		102


				1,591


Utilities — 0.0%
NRG Energy
7.250%, 05/15/2026		155		166


Total Corporate Obligations (Cost $26,370) ($ Thousands)				26,640


SOVEREIGN DEBT — 3.9%
Argentina Bonar Bonds
23.025%, VAR 30-35d Argentina
BADLAR Private Banks+3.000%,
10/09/2017	ARS	20,405		1,237
Argentina POM Politica Monetaria
26.250%, VAR Argentina Central
Bank 7D Repo Ref Rate+0.000%,
06/21/2020		10,125		621
Argentine Bonos del Tesoro
21.200%, 09/19/2018		8,726		499


228		SEI Institutional Managed Trust / Annual Report / September 30, 2017


Description	Face Amount (Thousands)		Market Value ($ Thousands)

SOVEREIGN DEBT (continued)
Argentine Republic Government International Bond
7.820%, 12/31/2033	EUR	407	$	537
7.820%, 12/31/2033		1,409		1,840
5.625%, 01/26/2022	$	501		526
3.875%, 01/15/2022	EUR	776		935
3.380%, 03/31/2019 (D)		228		181
3.380%, 03/31/2019 (D)		1,426		1,146
Eastern and Southern African Trade and Development Bank MTN
5.375%, 03/14/2022	$	665		684
Ecuador Government International Bond
10.750%, 03/28/2022		263		294
Egypt Government International Bond MTN
6.125%, 01/31/2022		866		896
Egypt Treasury Bills
373.444%, 01/23/2018 (E)	EGP	44,104		2,366
Hellenic Republic Government Bond
4.750%, 04/17/2019 (C)	EUR	889		1,076
Honduras Government International Bond
8.750%, 12/16/2020	$	200		228
Iraq International Bond
6.752%, 03/09/2023		200		199
Mexican Bonos
6.500%, 06/10/2021	MXN	31,080		1,701
6.500%, 06/09/2022		21,370		1,166
Paraguay Government International Bond
4.625%, 01/25/2023	$	733		772
Republic of South Africa Government Bond
10.500%, 12/21/2026	ZAR	15,600		1,296
7.000%, 02/28/2031		4,712		291
Russian Federal Bond - OFZ
7.400%, 12/07/2022	RUB	55,188		956
Second Pakistan International Sukuk
6.750%, 12/03/2019	$	321		336
Ukraine Government International Bond
7.750%, 09/01/2021		333		353


Total Sovereign Debt (Cost $19,518) ($ Thousands)				20,136


LOAN PARTICIPATIONS — 2.1%
84 Lumber Company, Initial Term Loan, 1st Lien
6.984%, 10/25/2023		145		147
Acosta, (fka Acosta Holdco), Tranche B-1 Loan, 1st Lien
4.489%, 09/26/2021		183		162
Advantage Sales, 1st Lien Term Loan
4.546%, 07/23/2021		71		67


Description	Face Amount (Thousands)		Market Value ($ Thousands)

LOAN PARTICIPATIONS (continued)
Advantage Solutions, Term Loan B, 1st Lien
4.561%, 07/23/2021	$	96	$	90
AgroFresh, Term Loan, 1st Lien
6.050%, 07/31/2021 (F)		147		146
Air Medical Group Holdings, Initial Term Loan, 1st Lien
4.485%, VAR LIBOR+3.250%, 04/28/2022		146		145
Albaugh, LLC, Initial Term Loan
6.235%, 05/31/2021		142		143
Alliance HealthCare Services, Initial Term Loan, 1st Lien
4.570%, 06/03/2019		21		21
4.567%, 06/03/2019		26		26
4.561%, 06/03/2019		55		55
4.554%, 06/03/2019		44		44
Aricent Technologies (Aricent US), Initial Term Loan, 1st Lien
5.737%, 04/14/2021		302		301
Aruba Investments, USD Term B-1 Loan, 2nd Lien
4.796%, 02/02/2022 (F)		218		219
BioClinica Holding I, LP, Initial Term Loan, 1st Lien
5.563%, 10/20/2023		63		62
5.500%, 10/20/2023		27		26
BMC Foreign Holding, Cov-Lite, Term Loan B1, 1st Lien
5.235%, VAR LIBOR+4.000%, 09/10/2022		61		61
Brickman Group, Initial Term Loan, 1st Lien
4.234%, 12/18/2020		76		77
4.228%, 12/18/2020		94		94
Calceus Acquisition, Cov-Lite, Term Loan B1, 1st Lien
5.240%, VAR LIBOR+4.000%, 01/31/2020		198		183
Carestream Health Cov-Lite, Initial Term Loan, 2nd Lien
9.796%, VAR LIBOR+8.500%, 12/07/2019		355		347
Carestream Health, Cov-Lite, Initial Term Loan, 1st Lien
5.239%, VAR LIBOR+4.000%, 06/07/2019		42		42
Cengage Learning, 2016 Refinancing Term Loan, 2nd Lien
5.485%, 06/07/2023		244		224
CenturyLink, Initial Term B Loan
2.750%, VAR Ticking Fee+2.750%, 01/31/2025		131		127


SEI Institutional Managed Trust / Annual Report / September 30, 2017		229

SCHEDULE OF INVESTMENTS

September 30, 2017

Multi-Strategy Alternative Fund (Continued)


Description	Face Amount (Thousands)		Market Value ($ Thousands)

LOAN PARTICIPATIONS (continued)
Change Healthcare Holdings, (fka Emdeon), Closing Date Term Loan, 1st Lien
3.985%, 03/01/2024	$	66	$	66
3.985%, 02/03/2024		85		86
Checkers Drive-In, Term Loan, 1st Lien
5.490%, 04/17/2024		120		120
CHS/Community Health Systems, Incremental 2021 Term H Loan, 1st Lien
4.317%, 01/27/2021 (H)		128		127
Communications Sales & Leasing, Cov-Lite, Initial Term Loan, 1st Lien
4.235%, VAR LIBOR+3.000%, 10/24/2022		227		210
CompuCom Systems, Term Loan, 1st Lien
4.485%, VAR LIBOR+3.250%, 05/09/2020		335		291
Coral-U.S. Co-Borrower, Cov-Lite, Term Loan B3, 1st Lien
4.735%, VAR LIBOR+3.500%, 01/31/2025		58		57
Cumulus Media Holdings, Term Loan B, 1st Lien
4.490%, VAR LIBOR+3.250%, 12/23/2020		363		302
Digicel International Finance Limited, Initial Term B Loan, 1st Lien
5.070%, VAR LIBOR+3.750%, 05/27/2024		75		75
Diversey, Term Loan, 1st Lien
4.316%, 07/25/2024 (H)		340		339
Doncaster PLC, Term Loan
4.796%, 04/09/2020		110		106
DTZ U.S. Borrower, LLC (DTZ AUS Holdco PTY Limited), 2015-1 Additional Term Loan
4.567%, 11/04/2021		98		99
4.561%, 11/04/2021		44		44
4.546%, 11/04/2021		6		6
Expera, Term Loan B, 1st Lien
0.000%, 11/03/2023 (H)		68		68
Expera, Term Loan, 1st Lien
5.989%, 11/03/2023		145		145
Fort Dearborn Holding, Initial Term Loan, 1st Lien
5.299%, VAR LIBOR+4.000%, 10/19/2023 (F)		61		61
Forterra Finance, Cov-Lite, Term Loan, 1st Lien
4.239%, VAR LIBOR+3.000%, 10/25/2023		126		106
Gates Global LLC, Initial B-1 Dollar Term Loan, 1st Lien
4.583%, VAR LIBOR+3.250%, 04/01/2024		118		119


Description	Face Amount (Thousands)		Market Value ($ Thousands)


LOAN PARTICIPATIONS (continued)
Go Daddy Operating Company, LLC (GD Finance Co), Initial Term Loan
3.735%, VAR LIBOR+2.500%, 02/15/2024	$	100	$	100
Harrah’s, Cov-Lite, Term Loan, 1st Lien
0.000%, 10/07/2024 (H)		103		103
Hoffmaster Group, Initial Term Loan, 1st Lien
5.833%, VAR LIBOR+4.500%, 11/21/2023		199		200
Horseshoe Baltimore, Cov-Lite, Term Loan B, 1st Lien
5.239%, 06/28/2024		215		216
KCA Deutag US Finance, Term Loan B, 1st Lien
7.065%, VAR LIBOR+5.750%, 05/15/2020		63		61
Lantheus Medical Imaging, Initial Term Loan, 1st Lien
5.739%, 06/30/2022		90		90
Leap Legal Software, Term Loan B, 1st Lien
0.000%, 09/12/2022 (F)(H)		300		235
Libbey Glass, 1st Lien
4.235%, 04/09/2021		33		31
Lumiileds, Cov-Lite, Term Loan, 1st Lien
5.833%, 06/30/2034		158		159
Mashantucket Pequot, Term Loan A, 1st Lien
5.239%, VAR LIBOR+4.000%, 07/01/2018		126		118
Mashantucket Pequot, Term Loan B, 1st Lien
9.375%, VAR LIBOR+8.125%, 06/30/2020		518		475
McGraw-Hill Global Education Holdings, LLC, Term B Loan, 1st Lien
5.235%, VAR LIBOR+4.000%, 05/04/2022		154		151
Misys Ltd., Cov-Lite, Term Loan B, 1st Lien
4.817%, VAR LIBOR+3.500%, 06/13/2024		136		136
Mohegan Tribal Gaming Authority, Term Loan B, 1st Lien
5.226%, VAR LIBOR+4.000%, 10/13/2023		145		146
Mount Airy LLC, Term Loan, 1st Lien
13.500%, 04/19/2018 (F)		170		172
Ortho-Clinical Diagnostics, Cov-Lite, Initial Term Loan, 1st Lien
5.046%, VAR LIBOR+3.750%, 06/30/2021		318		319
Patterson Medical, Term Loan, 1st Lien
5.989%, 08/29/2022		212		205
Peak, Term Loan B, 1st Lien
4.811%, 08/01/2024		110		110


230		SEI Institutional Managed Trust / Annual Report / September 30, 2017


Description	Face Amount (Thousands)		Market Value ($ Thousands)

LOAN PARTICIPATIONS (continued)
Radio One, Term Loan B, 1st Lien
5.300%, VAR LIBOR+4.000%, 04/18/2023	$	120	$	118
Red Lobster Management LLC, Initial Term Loan, 1st Lien
6.486%, 07/28/2021 (H)		147		149
Revlon Consumer Products, Term Loan B, 1st Lien
4.735%, VAR LIBOR+3.500%, 09/07/2023		162		145
Spencer Gifts LLC (Spirit Halloween Superstores LLC), Term B-1 Loan
5.510%, 07/16/2021		181		124
Sprint Communications, Initial Term Loan, 1st Lien
3.750%, VAR LIBOR+2.500%, 02/02/2024		332		332
Supervalu, Delay Draw, 1st Lien
4.735%, 06/08/2024		60		57
SuperValue, Term Loan, 1st Lien
4.735%, 06/08/2024		100		95
Switch, Tem Loan, 1st Lien
3.984%, 06/27/2024		135		136
Syniverse Holdings, Initial Term Loan, 1st Lien
4.311%, VAR LIBOR+3.000%, 04/23/2019		214		207
Syniverse Holdings, Term Loan B, 1st Lien
4.333%, VAR LIBOR+3.000%, 04/23/2019		121		117
Team Health Holdings, Initial Term Loan
3.985%, VAR LIBOR+2.750%, 02/06/2024		230		225
Transdigm, Term Loan, 1st Lien
4.235%, 08/22/2024		108		109
Tronc, Inc. (fka Tribune Publishing Company), Initial Term Loan, 1st Lien
5.989%, 08/04/2021		70		70
Ultra Resources, Loan, 1st Lien
4.309%, 04/05/2024		98		98
UPC Financing Partnership , Facility AP
3.984%, VAR LIBOR+2.750%, 04/15/2025		158		158
Valeant Pharmaceuticals International, Series F Tranche B Term Loan, 1st Lien
5.990%, VAR LIBOR+4.750%, 04/01/2022		67		68
Virgin Media, Cov-Lite, Term Loan, 1st Lien
3.984%, VAR LIBOR+2.750%, 01/31/2025		172		173


Description	Face Amount (Thousands)		Market Value ($ Thousands)

LOAN PARTICIPATIONS (continued)
Windstream Services, Term Loan B, 1st Lien
5.240%, VAR LIBOR+4.000%, 03/29/2021	$	106	$	95

Total Loan Participations (Cost $10,755) ($ Thousands)				10,739


	Shares

PREFERRED STOCK — 0.2%

Financials — 0.2%
FHLMC, 8.375% *		59,838		409
FNMA, 8.250% *		61,884		431


				840

Total Preferred Stock (Cost $577) ($ Thousands)				840


	Face Amount (Thousands)

CONVERTIBLE BONDS — 0.1%
Liberty Media CV to 16.7764
3.750%, 02/15/2030		180		127
Liberty Media CV to 22.94686
4.000%, 11/15/2029		371		263
MGIC Investment CV to 74.0741
9.000%, 04/01/2063 (C)		230		312


Total Convertible Bonds (Cost $642) ($ Thousands)				702


MUNICIPAL BONDS — 0.1%

Puerto Rico — 0.1%
Commonwealth of Puerto Rico, Ser A, GO
8.000%, 07/01/2035 (G)		500		242
Government Development Bank for Puerto Rico, Ser A, RB
4.375%, 02/01/2019 (G)		50		16
Government Development Bank for Puerto Rico, Ser A, RB
5.500%, 08/01/2020 (G)		40		13
Government Development Bank for Puerto Rico, Ser B, RB
5.000%, 12/01/2016 (G)		15		5
4.704%, 05/01/2016 (G)		20		6
Government Development Bank for Puerto Rico, Ser B, RB
5.000%, 12/01/2017 (G)		5		2
Government Development Bank for Puerto Rico, Ser C, RB
5.400%, 08/01/2019 (G)		30		9
Government Development Bank for Puerto Rico, Ser H, RB
4.150%, 08/01/2017 (G)		10		3


SEI Institutional Managed Trust / Annual Report / September 30, 2017		231

SCHEDULE OF INVESTMENTS

September 30, 2017

Multi-Strategy Alternative Fund (Continued)


Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Government Development Bank for Puerto Rico, Ser H, RB
4.500%, 08/01/2019 (G)	$	20	$	6
Government Development Bank for Puerto
Rico, Ser H, RB
5.000%, 08/01/2023 (G)		100		31


				333


Texas — 0.0%
Texas State, Public Finance Authority, RB
Callable 07/01/2019 @ 100
8.250%, 07/01/2024		300		314


Total Municipal Bonds (Cost $757) ($ Thousands)				647


GOVERNMENT AGENCY OBLIGATION — 0.1%
National Highways Authority of India
7.300%, 05/18/2022	INR	40,000		617


Total U.S. Government Agency Obligation (Cost $621) ($ Thousands)				617


U.S. TREASURY OBLIGATION — 2.5%
U.S. Treasury Bills
0.754%, 11/09/2017 (E)	$	13,000		12,987


Total U.S. Treasury Obligation (Cost $12,990) ($ Thousands)				12,987


	Shares

CASH EQUIVALENT — 15.5%
SEI Daily Income Trust, Government Fund, Cl F
0.840%**^†		79,353,926		79,354


Total Cash Equivalent (Cost $79,354) ($ Thousands)				79,354


Total Investments in Securities — 99.2% (Cost $495,276) ($ Thousands)			$	509,001


COMMON STOCK SOLD SHORT— (19.6)%

Consumer Discretionary — (4.3)%
adidas		(4,752)		(1,075)
Adient		(5,725)		(481)
Amazon.com, Cl A *		(372)		(358)


Description	Shares		Market Value ($ Thousands)

COMMON STOCK SOLD SHORT (continued)
Bayerische Motoren Werke		(3,884)	$	(394)
Bloomin’ Brands		(12,110)		(213)
Burlington Stores *		(5,979)		(571)
Canada Goose Holdings *		(22,915)		(471)
Charter Communications, Cl A *		(1,548)		(562)
Daimler		(3,345)		(267)
Domino’s Pizza		(2,482)		(493)
Gentex		(56,692)		(1,122)
Goodyear Tire & Rubber		(9,216)		(306)
Harley-Davidson, Cl A		(21,315)		(1,028)
Hilton Worldwide Holdings		(3,945)		(274)
Las Vegas Sands		(8,909)		(572)
LCI Industries		(1,970)		(228)
Lennar, Cl A		(11,208)		(592)
Liberty Broadband, Cl C *		(6,137)		(585)
Liberty Ventures, Ser A *		(2,764)		(159)
Live Nation *		(8,979)		(391)
Mattel		(24,046)		(372)
Michaels *		(10,564)		(227)
MSG Networks *		(13,700)		(290)
NetFlix *		(3,217)		(583)
Papa John’s International, Cl A		(3,773)		(276)
Party City Holdco *		(10,879)		(147)
Pinnacle Entertainment *		(18,096)		(386)
Polaris Industries		(12,055)		(1,261)
Priceline Group *		(345)		(632)
Red Rock Resorts, Cl A		(15,267)		(354)
Renault		(4,105)		(403)
Restaurant Brands International		(9,560)		(611)
Ross Stores		(13,163)		(850)
Royal Caribbean Cruises		(3,416)		(405)
SEB		(2,181)		(400)
Select Comfort *		(38,763)		(1,204)
Sinclair Broadcast Group, Cl A		(7,949)		(255)
Tesla *		(1,595)		(544)
TJX		(11,205)		(826)
Toyota Industries		(6,100)		(351)
TripAdvisor *		(5,730)		(232)
Universal Electronics *		(2,965)		(188)
Winnebago Industries		(11,842)		(530)
Wynn Resorts		(3,481)		(518)
Yoox Net-A-Porter Group, Cl A *		(5,760)		(226)


				(22,213)


Consumer Staples — (1.5)%
Anheuser-Busch InBev		(127)		(15)
Anheuser-Busch InBev ADR		(3,160)		(377)
Church & Dwight		(15,218)		(737)
Clorox		(5,566)		(734)
Colgate-Palmolive		(3,478)		(253)
Costco Wholesale		(5,210)		(856)
Coty, Cl A		(25,500)		(422)


232		SEI Institutional Managed Trust / Annual Report / September 30, 2017


Description	Shares			Market Value ($ Thousands)

COMMON STOCK SOLD SHORT (continued)
Davide Campari-Milano		(51,374	)	$	(373	)
Dr Pepper Snapple Group		(8,272	)		(732	)
Flowers Foods		(32,311	)		(608	)
J&J Snack Foods		(2,334	)		(307	)
Kellogg		(6,460	)		(403	)
Kimberly-Clark		(2,109	)		(248	)
National Beverage, Cl A		(2,284	)		(283	)
Pilgrim’s Pride *		(8,280	)		(235	)
Sanderson Farms		(5,921	)		(956	)


					(7,539	)


Energy — (0.9)%
BP ADR		(24	)		(1	)
Centennial Resource Development, Cl A *		(23,593	)		(424	)
Cheniere Energy *		(12,306	)		(554	)
Diamondback Energy, Cl A *		(3,874	)		(379	)
Oasis Petroleum *		(24,886	)		(227	)
Parsley Energy, Cl A *		(17,334	)		(457	)
Patterson-UTI Energy		(23,664	)		(495	)
Schlumberger, Cl A		(6,717	)		(469	)
Tenaris ADR		(12,683	)		(359	)
US Silica Holdings		(8,206	)		(255	)
Weatherford International *		(80,065	)		(367	)
WPX Energy *		(32,580	)		(375	)


					(4,362	)


Financials — (1.4)%
ASML Holding		(2,394	)		(408	)
Australia & New Zealand Banking Group		(17,488	)		(406	)
Banco BPM *		(127,738	)		(530	)
BNP Paribas		(2,377	)		(192	)
Citigroup		(158	)		(11	)
Commonwealth Bank of Australia		(1,974	)		(117	)
Credit Acceptance, Cl A *		(5,100	)		(1,429	)
Credit Suisse Group		(13,301	)		(211	)
Deutsche Bank		(22,172	)		(383	)
Fukuoka Financial Group		(78,000	)		(360	)
Macquarie Group		(5,048	)		(360	)
National Australia Bank		(16,262	)		(402	)
Signature Bank, Cl B *		(2,904	)		(372	)
Svenska Handelsbanken, Cl A		(26,057	)		(392	)
Trisura Group *		(14	)		—
UniCredit		(21,964	)		(468	)
Unione di Banche Italiane		(103,008	)		(534	)
Wells Fargo		(7,002	)		(386	)


					(6,961	)


Health Care — (2.0)%
ACADIA Pharmaceuticals *		(3,585	)		(135	)
Agios Pharmaceuticals *		(5,509	)		(368	)
Alnylam Pharmaceuticals *		(4,286	)		(504	)


Description	Shares			Market Value ($ Thousands)

COMMON STOCK SOLD SHORT (continued)
Amgen, Cl A		(2,150	)	$	(401	)
Becton Dickinson		(11,399	)		(2,234	)
Bluebird Bio *		(3,762	)		(517	)
Clovis Oncology *		(3,486	)		(287	)
Cotiviti Holdings *		(9,823	)		(353	)
DexCom *		(5,182	)		(253	)
Envision Healthcare *		(8,325	)		(374	)
Evolent Health, Cl A *		(733	)		(13	)
Grifols		(5,712	)		(166	)
ICU Medical *		(2,236	)		(415	)
Insulet *		(6,694	)		(369	)
Johnson & Johnson		(2,720	)		(354	)
Juno Therapeutics *		(6,058	)		(272	)
Medicines *		(4,197	)		(155	)
Medtronic		(781	)		(61	)
Merck		(186	)		(12	)
Nektar Therapeutics, Cl A *		(16,425	)		(394	)
Neogen, Cl B *		(8,054	)		(624	)
Neurocrine Biosciences *		(7,870	)		(482	)
PeptiDream *		(12,000	)		(370	)
Portola Pharmaceuticals, Cl A *		(2,227	)		(120	)
Puma Biotechnology *		(3,510	)		(420	)
Sanofi		(3,794	)		(377	)
Sarepta Therapeutics *		(1,586	)		(72	)
Ultragenyx Pharmaceutical *		(4,106	)		(219	)


					(10,321	)


Industrials — (2.4)%
Airbus		(6,477	)		(616	)
Allison Transmission Holdings		(16,123	)		(605	)
Amerco		(1,619	)		(607	)
AP Moller - Maersk, Cl B		(180	)		(342	)
Argan		(27,230	)		(1,831	)
Atlantia		(12,917	)		(408	)
Axon Enterprise *		(5,303	)		(120	)
Bollore		(80,048	)		(400	)
Bombardier, Cl B *		(297,389	)		(537	)
CNH Industrial		(51,069	)		(613	)
GEA Group		(1,210	)		(55	)
Harmonic Drive Systems		(700	)		(36	)
Hawaiian Holdings		(16,265	)		(611	)
Kirby *		(7,102	)		(468	)
Kone, Cl B		(7,193	)		(381	)
Meritor *		(23,257	)		(605	)
MonotaRO		(13,500	)		(361	)
Navistar International *		(10,971	)		(484	)
Parker-Hannifin, Cl A		(861	)		(151	)
Patrick Industries *		(4,365	)		(367	)
Snap-on		(7,822	)		(1,166	)
Volvo, Cl B		(25,861	)		(497	)
Wabtec		(8,971	)		(680	)
Weir Group		(6,782	)		(179	)


SEI Institutional Managed Trust / Annual Report / September 30, 2017		233

SCHEDULE OF INVESTMENTS

September 30, 2017

Multi-Strategy Alternative Fund (Continued)



Description	Shares		Market Value ($ Thousands)

COMMON STOCK SOLD SHORT (continued)
Westpac Banking		(16,006)	$	(401)


				(12,521)


Information Technology — (4.2)%
Advanced Micro Devices *		(28,933)		(369)
Alphabet, Cl A *		(390)		(380)
ams		(7,069)		(513)
Apple		(3,736)		(576)
Arista Networks *		(2,652)		(503)
Broadcom		(2,395)		(581)
Brocade Communications Systems		(63,050)		(753)
Cisco Systems		(6,610)		(222)
Coherent *		(1,898)		(446)
Cypress Semiconductor		(16,042)		(241)
Diodes *		(21,635)		(647)
Facebook, Cl A *		(2,175)		(372)
FleetCor Technologies *		(3,326)		(515)
Fortinet *		(8,486)		(304)
Global Payments		(4,113)		(391)
GrubHub *		(8,194)		(431)
Impinj *		(7,373)		(307)
InterXion Holding *		(8,087)		(412)
Keysight Technologies *		(9,567)		(399)
Lam Research		(861)		(159)
Leidos Holdings		(6,658)		(394)
LogMeIn		(3,398)		(374)
Lumentum Holdings *		(5,025)		(273)
MACOM Technology Solutions Holdings *		(7,102)		(317)
Microchip Technology		(1,714)		(154)
Micron Technology *		(14,086)		(554)
Microsoft		(4,833)		(360)
MKS Instruments		(1,638)		(155)
MoneyGram International *		(8,732)		(141)
MuleSoft, Cl A *		(22,857)		(460)
NETGEAR *		(15,913)		(757)
Nice ADR		(4,517)		(367)
Nintendo		(1,600)		(591)
Nvidia		(2,360)		(422)
Pandora Media *		(36,090)		(278)
Proofpoint *		(3,474)		(303)
Renesas Electronics *		(27,400)		(298)
Rosetta Stone *		(47,380)		(484)
Shopify *		(3,815)		(443)
Silver Spring Networks *		(9,168)		(148)
Snap, Cl A *		(23,892)		(347)
Sumco		(27,000)		(424)
Symantec, Cl A		(12,917)		(424)
SYNNEX		(2,360)		(299)
Telefonaktiebolaget LM Ericsson, Cl B		(50,907)		(292)
Ultra Clean Holdings *		(5,099)		(156)
Universal Display		(3,732)		(481)
Vantiv, Cl A *		(43,081)		(3,036)



Description	Shares		Market Value ($ Thousands)

COMMON STOCK SOLD SHORT (continued)
Zillow Group, Cl C *		(8,108)	$	(326)


				(21,579)


Materials — (1.2)%
Cabot		(14,907)		(832)
CF Industries Holdings		(8,700)		(306)
DowDuPont		(2,408)		(167)
First Quantum Minerals (Canada)		(46,402)		(520)
K+S		(15,657)		(427)
L’Oreal		(1,765)		(375)
Louisiana-Pacific *		(20,942)		(567)
LyondellBasell Industries, Cl A		(3,081)		(305)
Monsanto		(12,906)		(1,546)
Mosaic		(14,510)		(313)
OCI *		(23,941)		(561)
Yara International		(7,878)		(353)


				(6,272)


Real Estate — (0.5)%
Host Hotels & Resorts ^‡		(20,681)		(382)
Kennedy-Wilson Holdings ^‡		(26,666)		(495)
Quality Care Properties ^‡*		(102,884)		(1,595)


				(2,472)


Telecommunication Services — (1.2)%
AT&T		(108,891)		(4,265)
Boingo Wireless *		(50,649)		(1,083)
CenturyLink		(20,471)		(387)
Globalstar *		(146,800)		(239)
SFR Group *		(5,172)		(211)


				(6,185)


Utilities — 0.0%
Electricite de France		(20,965)		(255)


Total Common Stock Sold Short (Proceeds $91,729) ($ Thousands)				(100,680)


EXCHANGE TRADED FUNDS SOLD SHORT— (2.9)%
Consumer Staples Select Sector SPDR Fund		(22,326)		(1,205)
CurrencyShares Japanese Yen Trust		(29,356)		(2,506)
SPDR S&P500 ETF Trust		(24,754)		(6,219)
VanEck Vectors Semiconductor ETF		(50,643)		(4,726)


Total Exchange Traded Funds Sold Short (Proceeds $14,507) ($ Thousands)				(14,656)


234		SEI Institutional Managed Trust / Annual Report / September 30, 2017



Description	Shares		Market Value ($ Thousands)

PREFERRED STOCK SOLD SHORT— (0.3)%

Consumer Discretionary — (0.2)%
Porsche Automobil Holding, 0.000%		(9,393)	$	(601)
Volkswagen, 0.000%		(3,625)		(591)


				(1,192)


Health Care — (0.1)%
Sartorius, 0.000%		(3,377)		(323)


Total Preferred Stock Sold Short (Proceeds $1,323) ($ Thousands)				(1,515)


	Number of Rights

*RIGHTS — 0.0%**

United States — 0.0%
Bollore SA Euro Right, Expires		(80)		–


Total Rights (Cost $—) ($ Thousands)				–


Total Investments Sold Short — (22.8)% (Proceeds $107,559) ($ Thousands)			$	(116,851)


	Contracts

*PURCHASED OPTIONS — 0.0%**

Total Purchased Options (I) (Cost $477) ($ Thousands)		5,117	$	223


*WRITTEN OPTIONS — 0.0%**

Total Written Options (I) (Premiums Received $67) ($ Thousands)		(431)	$	(30)

A list of the open contracts held by the Fund at September 30, 2017, is as follows:


Description	Number of Contracts		Notional Amount ($ Thousands)		Exercise Price		Expiration Date		Value ($ Thousands)

PURCHASED OPTIONS — 0.0%

Put Options
AT&T*		153	$	7	$	38.00		10/21/17	$	5
Calpine*		9		–		14.00		12/16/17		–
Calpine*		23		–		14.00		10/21/17		–
Discovery Communications*		18		3		20.00		01/20/18		2
Discovery Communications*		134		17		20.00		12/16/17		13
Kite Pharma*		525		4		110.00		10/21/17		3
Kite Pharma*		1		–		130.00		10/21/17		–
Kite Pharma*		175		1		115.00		10/21/17		1
Kite Pharma*		951		7		105.00		10/21/17		5
MoneyGram International*		89		6		17.50		11/18/17		15


SEI Institutional Managed Trust / Annual Report / September 30, 2017			235

SCHEDULE OF INVESTMENTS

September 30, 2017

Multi-Strategy Alternative Fund (Continued)


Description	Number of Contracts		Notional Amount ($ Thousands)		Exercise Price		Expiration Date		Value ($ Thousands)

PURCHASED OPTIONS (continued)
Neuroderm*		6	$	–	$	35.00		02/17/18	$	–
Neuroderm*		11		–		35.00		11/18/17		–
October 17 Puts on SPX*		6		8		2,490.00		10/21/17		–
October 17 Puts on SPX*		20		28		2,500.00		10/21/17		–
October 17 Puts on SPX*		20		4		2,340.00		10/21/17		–
October 17 Puts on SPX*		6		1		2,330.00		10/21/17		–
October 17 Puts on SPX*		28		39		2,480.00		10/21/17		27
October 17 Puts on SPX*		28		6		2,320.00		10/21/17		5
Papa John’s International*		32		8		70.00		11/18/17		6
Scripps Networks Interactive*		41		5		80.00		12/16/17		5
Scripps Networks Interactive*		1		–		70.00		12/16/17		–
Scripps Networks Interactive*		76		4		75.00		12/16/17		3
Scripps Networks Interactive*		121		7		75.00		03/17/18		10
SPDR S&P500 ETF Trust*		68		36		240.00		12/16/17		13
SPDR S&P500 ETF Trust*		68		31		243.00		10/21/17		2
SPDR S&P500 ETF Trust*		58		37		245.00		12/16/17		15
Straight Path Communications*		17		3		135.00		02/17/18		–
VanEck Vectors Semiconductor ETF*		18		2		91.00		10/21/17		1
VanEck Vectors Semiconductor ETF*		54		7		82.00		10/21/17		–
VanEck Vectors Semiconductor ETF*		104		14		93.00		10/21/17		1

				285						132


Call Options
CenturyLink*		93		6		26.00		01/20/18		–
CenturyLink*		55		7		23.00		01/20/18		2
CenturyLink*		55		6		30.00		01/20/18		–
CenturyLink*		93		5		27.00		10/21/17		–
CenturyLink*		37		3		25.00		01/20/18		1
CenturyLink*		154		5		28.00		10/21/17		1
CenturyLink*		9		1		20.00		01/20/18		1
CenturyLink*		1		–		20.00		10/21/17		–
CenturyLink*		28		3		23.00		10/21/17		–
CenturyLink*		16		1		21.00		10/21/17		–
CenturyLink*		320		19		22.00		10/21/17		2
CenturyLink*		36		2		26.00		10/21/17		–
Charter Communications*		5		6		365.00		10/21/17		4
Discovery Communications*		7		1		22.50		10/21/17		–
Discovery Communications*		35		5		25.00		03/17/18		1
Discovery Communications*		101		14		25.00		10/21/17		–
Ensco*		185		3		10.00		12/16/17		–
Ensco*		33		1		8.00		01/20/18		1
Ensco*		119		3		8.00		12/16/17		1
Ensco*		122		4		9.00		12/16/17		1
NXP Semiconductors*		7		2		115.00		01/20/18		1
NXP Semiconductors*		101		9		115.00		10/21/17		2
NXP Semiconductors*		114		18		115.00		12/16/17		13
NXP Semiconductors*		149		42		110.00		10/21/17		48
SeaWorld Entertainment*		69		4		15.00		01/20/18		3
SeaWorld Entertainment*		83		4		15.00		12/16/17		3
Sinclair Broadcast Group*		35		6		41.00		12/16/17		1
Synchronoss Technologies*		9		2		10.00		03/17/18		2
Synchronoss Technologies*		18		4		10.00		12/16/17		2
T-Mobile US*		85		4		75.00		11/18/17		1


236		SEI Institutional Managed Trust / Annual Report / September 30, 2017


Description	Number of Contracts			Notional Amount ($ Thousands)			Exercise Price		Expiration Date		Value ($Thousands)

PURCHASED OPTIONS (continued)
Tribune Media*		82		$	2			$45.00		10/21/17	$	–

					192							91

Total Purchased Options				$	477						$	223


WRITTEN OPTIONS — 0.0%

Put Options
AT&T*		(153	)	$	(3	)		37.00		10/21/17	$	(2	)
Discovery Communications*		(35	)		(2	)		20.00		10/21/17		(1	)
October 17 Puts on SPX*		(56	)		(28	)		2,400.00		10/21/17		(19	)
October 17 Puts on SPX*		(40	)		(18	)		2,420.00		10/21/17		–
October 17 Puts on SPX*		(12	)		(5	)		2,410.00		10/21/17		–
Papa John’s International*		(32	)		(3	)		65.00		11/18/17		(3	)
VanEck Vectors Semiconductor ETF*		(70	)		(5	)		87.00		10/21/17		(2	)

					(64	)						(27	)


Call Options
NXP Semiconductors*		(1	)		–			120.00		10/21/17		–
Papa John’s International*		(32	)		(3	)		75.00		10/21/17		(3	)

					(3	)						(3	)

Total Written Options				$	(67	)					$	(30	)


SEI Institutional Managed Trust / Annual Report / September 30, 2017			237

SCHEDULE OF INVESTMENTS

September 30, 2017

Multi-Strategy Alternative Fund (Continued)

A list of the open contracts held by the Fund at September 30, 2017 is as follows:


Type of Contract	Number of Contracts Short		Expiration Date		Notional Amount ($ Thousands)		Value ($ Thousands)		Unrealized Appreciation (Depreciation) ($ Thousands)
Euro-Bobl		(11)		Dec-2017		$(1,729)		$(1,706)		$6
Euro-Bund		(12)		Dec-2017		(2,328)		(2,284)		21
Euro-Buxl 30 Year Bond		(7)		Dec-2017		(1,395)		(1,351)		32
S&P 500 Index E-MINI		(7)		Dec-2017		(870)		(881)		(11)
U.S. 10-Year Treasury Note		(13)		Dec-2017		(1,648)		(1,629)		19

						$(7,970)		$(7,851)		$67

A list of the open forward foreign currency contracts held by the Fund at September 30, 2017 is as follows:


Counterparty	Settlement Date		Currency to Deliver (Thousands)			Currency to Receive (Thousands)		Unrealized Appreciation (Depreciation) (Thousands)
Barclays PLC	12/20/17	KRW		667,317	USD		590	$	6
Deutsche Bank	12/20/17	USD		773	RUB		45,246		2
Deutsche Bank	12/20/17	USD		819	TRY		2,887		(26	)
Deutsche Bank	12/20/17	ZAR		14,082	USD		1,055		25
Deutsche Bank	12/20/17	MXN		20,973	USD		1,168		28
Deutsche Bank	12/20/17	KRW		1,331,774	USD		1,176		11
JPMorgan Chase Bank	12/20/17	USD		1,623	EUR		1,351		(18	)
JPMorgan Chase Bank	12/20/17	EUR		3,782	USD		4,546		54
JPMorgan Chase Bank	12/20/17	RUB		69,747	USD		1,192		(1	)
Merrill Lynch	10/03/17	USD		1,018	BRL		3,243		7
Merrill Lynch	10/03/17	BRL		3,243	USD		1,036		12
Morgan Stanley	10/12/17	USD		1,627	INR		104,224		(34	)
Morgan Stanley	10/12/17 - 12/20/17	INR		144,697	USD		2,222		16
Morgan Stanley	10/31/17	USD		474	GBP		354		—
Morgan Stanley	10/31/17	USD		81	GBP		60		—
Morgan Stanley	10/31/17	GBP		1,155	USD		1,552		1
Morgan Stanley	11/29/17 - 01/10/18	EUR		3,182	CZK		84,680		97
Morgan Stanley	12/15/17 - 01/10/18	CZK		44,491	EUR		1,663		(63	)
Morgan Stanley	12/20/17	USD		12	ZAR		165		—
Morgan Stanley	12/20/17	USD		370	EUR		313		1
Morgan Stanley	12/20/17	USD		585	RUB		34,243		1
Morgan Stanley	12/20/17	USD		647	TRY		2,301		(15	)
Morgan Stanley	12/20/17	EUR		2,277	USD		2,734		30
Morgan Stanley	01/10/18	EUR		3	USD		3		—
Morgan Stanley	12/20/17	ZAR		7,813	USD		584		13
Morgan Stanley	12/20/17	CNH		7,846	USD		1,188		14
Morgan Stanley	12/20/17	MXN		31,879	USD		1,774		41
Morgan Stanley	12/20/17	RUB		65,724	USD		1,123		(2	)

								$	200


238		SEI Institutional Managed Trust / Annual Report /September 30, 2017

A list of the open OTC swap agreements held by the Fund at September 30, 2017 is as follows:



Credit Default Swaps
Counterparty	Reference Entity/ Obligation	Buy/Sell Protection	(Pays)/Receives Rate	Payment Frequency	Termination Date	Notional Amount ($ Thousands)	Value ($ Thousands)	Upfront Payments/ Receipts ($ Thousands)		Net Unrealized Appreciation (Depreciation) ($ Thousands)
Barclays	Macy’s	Buy	1.00%	–	12/20/2021	320	12	$	12	$	–
Barclays	Nordstom	Buy	1.00%	–	12/20/2021	465	28		5		23

								$	17	$	23



			Cross Currency Swaps
Counterparty	Fund Pays	Fund Receives	Payment Frequency	Termination Date	Currency	Notional Amount (Thousands)	Value ($ Thousands)			Upfront Payment ($ Thousands)		Net Unrealized Appreciation (Depreciation) ($ Thousands)
Deutsche Bank	3-MONTH USD -LIBOR	10.42%	Quarterly	12/20/2022	USD	4,616	$	(10	)	$	–	$	(10	)
Bank of America	3-MONTH USD -LIBOR	10.325%	Quarterly	12/20/2022	USD	2,707		(6	)		–		(6	)

							$	(16	)	$	–	$	(16	)

Total Return Swaps

Counterparty

Reference Entity/Obligation

Fund Pays

Fund Receives

Payment

Frequency

Termination

Date

Currency

Notional

Amount
(Thousands)

Value
($ Thousands)

Upfront Payments/
Receipts($Thousands)

Net Unrealized
Appreciation

(Depreciation)
($ Thousands)

Morgan Stanley

Clariant

1-Month USD -LIBOR

Asset Return

Monthly

2/27/2019

USD

232

)

–

)

Deutsche Bank

Egyptian Government 0%

11/28/17

Cash Deposit of Notional

Price Return

Monthly

11/25/2017

EGP

13,125

724

661

Deutsche Bank

Egyptian Government 0%

2/13/18

Cash Deposit of Notional

Price Return

Monthly

02/13/2018

EGP

21,525

1,143

1,110

Bank of America

IBOXHY

3-Month USD -LIBOR

Quarterly

12/20/2017

USD

3,962

(67

)

–

(67

)

Morgan Stanley

Kennedy Wilson

1-Month USD - LIBOR

Asset Return

Monthly

12/31/2018

USD

(1,902)

–

Morgan Stanley

Paysafe

1-Month USD - LIBOR

Asset Return

Monthly

01/30/2019

GBP

(2,540)

)

–

)

Morgan Stanley

Sky

1-Day Tom Next Offered
Indexed Swap

Asset Return

Monthly

02/27/2019

GBP

(3,147)

(156

)

–

(156

)

Morgan Stanley

Worldpay

1-Month USD - LIBOR

Asset Return

Monthly

01/30/2019

USD

(3,351)

147

–

147

Morgan Stanley

Zodiac Aerospace

1-Month EUR - LIBOR

Asset Return

Monthly

01/30/2019

EUR

586

(21

)

–

(21

)

1,771


SEI Institutional Managed Trust / Annual Report / September 30, 2017			239

SCHEDULE OF INVESTMENTS

September 30, 2017

Multi-Strategy Alternative Fund (Concluded)

A list of the open centrally cleared swap agreements held by the Fund at September 30, 2017 is as follows:


Credit Default Swaps
Reference Entity/Obligation	Buy/Sell Protection	(Pays)/ Receives Rate	Payment Frequency	Termination Date	Notional Amount ($ Thousands)			Value ($ Thousands)			Upfront Payments/ Receipts ($ Thousands)			Net Unrealized Appreciation (Depreciation) ($ Thousands)
ITRAXX.EUR.XOVER	Sell	5.00%	Quarterly	06/20/2021		(1,000	)	$	142		$	76		$	66
Mexico	Buy	1.00%	Quarterly	12/20/2021		1,269			(8	)		28			(36	)
Republic of South Africa	Buy	1.00%	Quarterly	12/20/2021		1,823			37			81			(44	)
Republic of Korea	Buy	1.00%	Quarterly	12/20/2021		1,402			(21	)		(34	)		13
Republic of South Africa	Buy	1.00%	Quarterly	06/20/2022		1,140			35			53			(18	)
Republic of Turkey	Buy	1.00%	Quarterly	12/20/2020		2,654			13			151			(138	)
Republic of Turkey	Buy	1.00%	Quarterly	12/20/2021		307			6			16			(10	)
Russia	Sell	1.00%	Quarterly	06/20/2021		(2,345	)		1			(123	)		124
Russia	Sell	1.00%	Quarterly	12/20/2021		(248	)		(1	)		(8	)		7

								$	204		$	240		$	(36	)


Interest Rate Swaps
Fund Pays	Fund Receives	Payment Frequency	Termination Date	Currency	Notional Amount (Thousands)		Value ($ Thousands)		Upfront Payments/ Receipts($Thousands)		Net Unrealized Appreciation (Depreciation) ($ Thousands)
1.596	6-MONTH GBP - LIBOR	Semi	12/01/2046	GBP		254	$	5	$	–	$	5
1.556	6-MONTH GBP - LIBOR	Semi	11/29/2046	GBP		520		18		–		18
6-MONTH HUF -BUBOR	3.78%	Semi	07/25/2027	HUF		245,010		13		–		13
1.41%	6-MONTH GBP - LIBOR	Semi	08/04/2067	GBP		393		18		–		18
1.370	6-MONTH GBP - LIBOR	Semi	01/05/2067	GBP		500		40		–		40
1.440	6-MONTH GBP - LIBOR	Semi	01/05/2047	GBP		572		45		–		45
28-DAY MXN - TIIE	7.275%	Monthly	05/26/2027	MXN		11,856		10		–		10
1-DAY BRL - CETIP	9.38%	Annual	01/04/2021	BRL		4,871		28		–		28
1-DAY BRL - CETIP	9.94%	Annual	01/04/2021	BRL		3,083		34		–		34
6-MONTH HUF -BUBOR	3.87%	Semi	07/12/2027	HUF		170,211		12		–		12
28-DAY MXN - TIIE	7.30%	Monthly	05/26/2027	MXN		11,855		12		–		12
28-DAY MXN - TIIE	6.815%	Monthly	07/15/2022	MXN		19,231		1		–		1

							$	236	$	–	$	236

Percentages are based on Net Assets of $512,887 ($ Thousands).

*	Non-income producing security.

**	Rate shown is the 7-day effective yield as of September 30, 2017.

^‡	Real Estate Investment Trust.

^†	Investment in Affiliated Security (see Note 6).

(A)	Security, or a portion thereof, has been pledged as collateral on securities sold short.

(B)	Security is a Master Limited Partnership. At September 30, 2017, such securities amounted to $378 ($ Thousands), or 0.1% of the net assets of the Fund (See Note 2).

(C)

Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration normally to qualified institutions. On September 30, 2017, the value of these securities amounted to $12,457 ($ Thousands), representing 2.4% of the Net Assets of the Fund.

(D)	Step Bonds – The rate reflected on the Schedule of Investments is the effective yield on September 30, 2017. The coupon on a step bond changes on a specified date.

(E)	Zero coupon security. The rate shown on the Schedule of Investments is the security’s effective yield at the time of purchase.

(F)	Level 3 security in accordance with fair value hierarchy.

(G)	Security is in default on interest payment.

(H)	Unsettled bank loan. Interest rate not available.

(I)

Refer to table below for details on Options Contracts.

ADR — American Depositary Receipt

BRL — Brazilian Real

Cl — Class

CNH — Chinese Yuan Offshore

CZK — Czech Koruna

EGP — Egyptian Pound

ETF — Exchange Traded Fund

EUR — Euro

FHLMC — Federal Home Loan Mortgage Corporation

FNMA — Federal National Mortgage Association

GBP — British Pound Sterling

GO — General Obligation

HUF —Hungarian Forint

ICE— Intercontinental Exchange

INR — Indian Rupee

KRW — Korean Won

LIBOR — London Interbank Offered Rate

LLC — Limited Liability Company

LP — Limited Partnership

Ltd. — Limited


240		SEI Institutional Managed Trust / Annual Report / September 30, 2017

MTN — Medium Term Note

MXN — Mexican Peso

OTC — Over-the-counter

PIK — Payment-in-Kind

PLC — Public Limited Company

Pty — Proprietary

RB — Revenue Bond

RUB — Russian Ruble

S&P — Standard & Poor’s

Ser — Series

SPDR — S&P Depository Receipts

TRY — Turkish Lira

USD — United States Dollar

VAR — Variable Rate

ZAR — South African Rand



Investments in Securities	Level 1			Level 2		Level 3^		Total
Common Stock	$	193,695		$	–	$	–	$	193,695
Registered Investment
Companies		162,644			–		–		162,644
Corporate Obligations		–			26,640		–		26,640
Sovereign Debt		–			20,136		–		20,136
Loan Participations		–			9,906		833		10,739
Preferred Stock		840			–		–		840
Convertible Bonds		–			702		–		702
Municipal Bonds		–			647		–		647
Government Agency Obligation		–			617		–		617
U.S. Treasury Obligation		–			12,987		–		12,987
Cash Equivalent		79,354			–		–		79,354


Total Investments in Securities	$	436,533		$	71,635	$	833	$	509,001


Securities Sold Short	Level 1			Level 2		Level 3		Total
Common Stock	$	(100,680	)	$	–	$	–	$	(100,680	)
Exchange Traded Funds		(14,656	)		–		–		(14,656	)
Preferred Stock		(1,515	)		–		–		(1,515	)
Right		–			–		–		–

Total Securities Sold Short	$	(116,851	)	$	–	$	–	$	(116,851	)


Other Financial Instruments	Level 1			Level 2			Level 3		Total
Purchased Options	$	223		$	—		$	—	$	223
Written Options		(30	)		—			—		(30	)
Futures Contracts *
Unrealized Appreciation		78			—			—		78
Unrealized Depreciation		(11	)		—			—		(11	)
Forwards Contracts *
Unrealized Appreciation		—			359			—		359
Unrealized Depreciation		—			(159	)		—		(159	)
OTC Swaps
Credit Default Swaps *
Unrealized Appreciation		—			23			—		23
Cross Currency Swaps *
Unrealized Depreciation		—			(16	)		—		(16	)
Total Return Swaps *
Unrealized Appreciation		—			295			—		295
Unrealized Depreciation		—			(259	)		—		(259	)
Centrally Cleared Swaps
Credit Default Swaps *
Unrealized Appreciation		—			210			—		210
Unrealized Depreciation		—			(246	)		—		(246	)
Interest Rate Swaps *
Unrealized Appreciation		—			236			—		236

Total Other Financial Instruments	$	260		$	443		$	—	$	703

^ A reconciliation of Level 3 investments and disclosures of significant unobservable inputs are presented when the Fund has a significant amount of Level 3 investments at the beginning and/or end of the period in relation to Net Assets. Management has concluded that Level 3 investments are not material in relation to Net Assets.

For the year ended September 30, 2017, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the year ended September 30, 2017, there were no transfers between Level 2 and Level 3 assets and liabilities.

For more information on valuation inputs, see Note 2 – Significant Accounting Policies in Notes to Financial Statements.

Amounts designated as “—” are $0 or have been rounded to $0.

The following is a summary of the Fund’s transactions with affiliates for the year ended September 30, 2017 ($ Thousands):


Security Description	Value 9/30/2016		Purchases at Cost		Proceeds from Sales		Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)		Value 9/30/2017		Dividend Income
SEI Institutional Managed Trust Long/Short Alternative Fund, CI Y		$41,767		$—		$(11,000)		$(147)		$3,732		$34,352		$1
SEI Daily Income Trust, Government Fund, CI F		94,332		556,122		(571,100)		—		—		79,354		425

Totals		$136,099		$556,122		$(582,100)		$(147)		$3,732		$113,706		$426

The accompanying notes are an integral part of the financial statements.


SEI Institutional Managed Trust / Annual Report / September 30, 2017			241

CONSOLIDATED SCHEDULE OF INVESTMENTS

September 30, 2017

Multi-Asset Accumulation Fund

LOGO

^†Percentages are based on total investments.



Description	Face Amount (Thousands)		Market Value ($ Thousands)

U.S. TREASURY OBLIGATIONS — 48.6%
U.S. Treasury Bills
1.161%, 01/25/2018 (A)(B)	$	25,081	$	24,997
1.146%, 03/15/2018 (A)(B)		16,505		16,418
1.137%, 02/01/2018 (A)(B)		109,007		108,614
1.136%, 01/04/2018 (A)(B)		1,805		1,800
1.121%, 03/08/2018 (A)(B)		4,826		4,802
1.116%, 12/28/2017 (B)		13,942		13,907
1.115%, 03/01/2018 (A)(B)		4,405		4,384
1.106%, 12/14/2017 (B)		35,016		34,948
1.102%, 01/18/2018 (B)		412,459		411,209
1.062%, 11/30/2017 (A)(B)		63,636		63,533
1.056%, 11/24/2017 (A)(B)		27,432		27,392
1.049%, 12/07/2017 (A)(B)(E)		163,909		163,613
1.025%, 11/16/2017 (A)(B)		25,679		25,648
0.980%, 11/02/2017 (A)(B)		4,634		4,630
0.958%, 10/26/2017 (A)(B)		7,490		7,485
0.914%, 10/05/2017 (A)(B)		9,887		9,887
U.S. Treasury Inflation Protected Securities
3.875%, 04/15/2029		2,114		2,876
3.625%, 04/15/2028		852		1,115
3.375%, 04/15/2032		2,069		2,852
2.500%, 01/15/2029		2,116		2,554
2.375%, 01/15/2025		3,206		3,663
2.375%, 01/15/2027		789		922
2.125%, 01/15/2019		4,332		4,467
2.125%, 02/15/2041		1,192		1,508
2.000%, 01/15/2026		2,571		2,892
1.875%, 07/15/2019		1,724		1,796
1.750%, 01/15/2028		1,138		1,274
1.375%, 07/15/2018		454		461
1.375%, 01/15/2020		2,686		2,782
1.375%, 02/15/2044		1,050		1,159
1.250%, 07/15/2020		3,203		3,338
1.125%, 01/15/2021		2,050		2,132
1.000%, 02/15/2046		3,099		3,144
0.750%, 02/15/2042		1,571		1,518



Description	Face Amount (Thousands)		Market Value ($ Thousands)

U.S. TREASURY OBLIGATIONS (continued)
0.750%, 02/15/2045		$ 780	$	744
0.625%, 07/15/2021		2,368		2,434
0.625%, 01/15/2024		10,806		11,034
0.625%, 01/15/2026		40,672		41,222
0.625%, 02/15/2043		2,928		2,736
0.375%, 07/15/2023		2,577		2,611
0.375%, 07/15/2025		32,123		32,127
0.250%, 01/15/2025 (E)		2,377		2,353
0.125%, 04/15/2018		1,535		1,536
0.125%, 04/15/2019		3,134		3,146
0.125%, 04/15/2020		96,706		97,180
0.125%, 04/15/2021		106,577		106,910
0.125%, 01/15/2022		1,839		1,844
0.125%, 07/15/2022		2,076		2,086
0.125%, 01/15/2023		1,750		1,745
0.125%, 07/15/2024		1,546		1,531
0.125%, 07/15/2026		41,972		40,814


Total U.S. Treasury Obligations (Cost $1,315,188) ($ Thousands)				1,315,773


SOVEREIGN DEBT — 15.1%
African Development Bank
2.375%, 09/23/2021 (A)		1,250		1,270
1.375%, 02/12/2020 (A)		1,250		1,240
1.250%, 07/26/2021 (A)		1,250		1,218
1.125%, 03/04/2019 (A)		1,500		1,491
1.125%, 09/20/2019		1,000		989
Andina de Fomento
4.375%, 06/15/2022		250		270
Asian Development Bank MTN
2.625%, 01/12/2027		750		760
2.000%, 04/24/2026		500		483
1.750%, 01/10/2020 (A)		1,000		1,001
1.625%, 08/26/2020		1,000		996
1.500%, 01/22/2020 (A)		1,000		996
1.375%, 01/15/2019 (A)		1,000		998
1.375%, 03/23/2020 (A)		1,000		993
1.000%, 08/16/2019		1,000		988
Bundesrepublik Deutschland Bundesobligation Inflation Linked Bond
0.750%, 04/15/2018		EUR 218		260
Canada Government International Bond
1.625%, 02/27/2019		$ 2,250		2,254
1.125%, 03/19/2018 (A)		1,000		999
Chile Government International Bond
3.875%, 08/05/2020		250		263
Council of Europe Development Bank
1.875%, 01/27/2020 (A)		1,000		1,004
1.750%, 11/14/2019		1,000		1,001
1.625%, 03/16/2021		500		495


242		SEI Institutional Managed Trust / Annual Report / September 30, 2017



Description	Face Amount (Thousands)		Market Value ($ Thousands)

SOVEREIGN DEBT (continued)
Deutsche Bundesrepublik Inflation Linked Bond
1.750%, 04/15/2020	EUR	3,700	$	4,751
0.500%, 04/15/2030		5,541		7,506
0.100%, 04/15/2023		28,561		36,448
0.100%, 04/15/2026		37,661		48,938
0.100%, 04/15/2046		728		970
European Bank for Reconstruction & Development MTN
2.125%, 03/07/2022	$	250		251
2.000%, 02/01/2021 (A)		1,000		1,003
1.750%, 06/14/2019		1,000		999
1.750%, 11/26/2019		1,000		1,000
1.625%, 11/15/2018 (A)		1,000		1,000
1.625%, 05/05/2020		500		498
1.500%, 03/16/2020		250		249
European Investment Bank
4.875%, 02/15/2036		250		323
4.000%, 02/16/2021 (A)		1,000		1,068
3.250%, 01/29/2024		750		792
2.250%, 03/15/2022		750		757
2.125%, 10/15/2021		1,000		1,005
2.125%, 04/13/2026		500		488
2.000%, 03/15/2021		500		502
1.625%, 12/15/2020		1,000		993
1.375%, 06/15/2020		750		743
1.000%, 12/15/2017		150		150
Export Development Canada
2.000%, 05/17/2022 (A)		1,500		1,495
1.750%, 08/19/2019		500		501
1.750%, 07/21/2020 (A)		1,000		1,000
1.625%, 01/17/2020		250		250
1.625%, 06/01/2020 (A)		1,000		997
1.500%, 10/03/2018		500		500
1.500%, 05/26/2021		1,000		985
1.375%, 10/21/2021		500		488
1.000%, 11/01/2018 (A)		2,000		1,988
0.750%, 12/15/2017		750		749
FMS Wertmanagement AoeR
1.750%, 01/24/2020		500		500
1.750%, 03/17/2020		500		500
1.250%, 07/30/2018 (A)		1,000		998
1.000%, 11/21/2017		950		950
France Government Bond OAT
3.400%, 07/25/2029	EUR	879		1,538
3.150%, 07/25/2032		1,990		3,616
2.250%, 07/25/2020		2,514		3,319
2.100%, 07/25/2023		1,400		1,985
2.100%, 07/25/2023		1,091		1,547
1.850%, 07/25/2027		7,307		10,850
1.800%, 07/25/2040		2,412		4,121
1.300%, 07/25/2019		245		307



Description	Face Amount (Thousands)		Market Value ($ Thousands)

SOVEREIGN DEBT (continued)
1.100%, 07/25/2022	EUR	1,246	$	1,662
1.100%, 07/25/2022		23,515		31,350
0.700%, 07/25/2030 (C)		1,633		2,212
0.250%, 07/25/2018		1,599		1,934
0.250%, 07/25/2024		2,915		3,777
0.250%, 07/25/2024		167		216
0.100%, 03/01/2021		2,051		2,568
0.100%, 07/25/2021		6,571		8,242
0.100%, 03/01/2025		8,246		10,463
Inter-American Development Bank MTN
7.000%, 06/15/2025	$	500		641
3.875%, 09/17/2019		350		365
3.000%, 10/04/2023		250		261
3.000%, 02/21/2024		250		260
2.125%, 11/09/2020		250		252
2.000%, 06/02/2026		500		483
1.875%, 06/16/2020 (A)		1,000		1,002
1.875%, 03/15/2021		500		500
1.750%, 10/15/2019		1,000		1,002
1.625%, 05/12/2020		500		499
1.125%, 09/12/2019		1,000		989
International Bank for Reconstruction & Development
4.750%, 02/15/2035		250		313
2.250%, 06/24/2021		1,000		1,012
2.000%, 01/26/2022		500		500
1.875%, 03/15/2019		1,000		1,005
1.625%, 03/09/2021		1,000		993
International Finance MTN
2.125%, 11/17/2017		750		751
2.125%, 04/07/2026 (A)		1,750		1,712
1.750%, 09/04/2018		200		200
1.625%, 07/16/2020 (A)		1,000		997
Italy Buoni Poliennali Del Tesoro
3.100%, 09/15/2026	EUR	1,196		1,695
2.600%, 09/15/2023		2,304		3,130
2.550%, 09/15/2041		980		1,346
2.350%, 09/15/2019		2,269		2,875
2.350%, 09/15/2024 (C)		1,133		1,513
2.350%, 09/15/2035		2,456		3,374
2.100%, 09/15/2021		1,499		1,962
1.700%, 09/15/2018		933		1,139
1.700%, 09/15/2018		104		127
1.250%, 09/15/2032 (C)		2,000		2,350
Korea Development Bank
4.625%, 11/16/2021	$	250		268
Korea International Bond
2.750%, 01/19/2027		1,000		970
Nordic Investment Bank MTN
2.125%, 02/01/2022		750		753
1.500%, 09/29/2020		1,000		992
1.125%, 03/19/2018		1,000		998


SEI Institutional Managed Trust / Annual Report / September 30, 2017		243

CONSOLIDATED SCHEDULE OF INVESTMENTS

September 30, 2017

Multi-Asset Accumulation Fund (Continued)



Description	Face Amount (Thousands)		Market Value ($ Thousands)

SOVEREIGN DEBT (continued)
1.125%, 02/25/2019	$	500	$	497
0.750%, 01/17/2018		200		200
North American Development Bank
2.400%, 10/26/2022		200		199
Province of British Columbia Canada
6.500%, 01/15/2026		250		314
2.650%, 09/22/2021 (A)		1,000		1,023
2.000%, 10/23/2022		250		247
Province of Manitoba Canada
3.050%, 05/14/2024		250		258
2.125%, 05/04/2022		250		248
Province of Ontario Canada
4.000%, 10/07/2019		500		521
2.450%, 06/29/2022		250		252
2.400%, 02/08/2022		750		756
2.000%, 01/30/2019		500		502
1.875%, 05/21/2020		500		500
Province of Quebec Canada
7.500%, 09/15/2029		200		285
2.875%, 10/16/2024		250		257
2.500%, 04/20/2026		750		743
Svensk Exportkredit MTN
1.750%, 03/10/2021 (A)		1,000		993
United Kingdom Gilt Inflation Linked
4.125%, 07/22/2030	GBP	1,000		4,870
2.500%, 04/16/2020		429		2,115
2.500%, 07/17/2024		340		1,664
2.000%, 01/26/2035		932		3,304
1.875%, 11/22/2022		1,592		2,615
1.250%, 11/22/2017		211		286
1.250%, 11/22/2027		1,406		2,507
1.250%, 11/22/2032		721		1,441
1.250%, 11/22/2055		1,616		5,179
1.125%, 11/22/2037		1,053		2,303
0.750%, 03/22/2034		999		1,923
0.750%, 11/22/2047		854		2,112
0.625%, 03/22/2040		1,853		3,930
0.625%, 11/22/2042		1,317		2,931
0.500%, 03/22/2050		1,343		3,281
0.375%, 03/22/2062		1,091		3,209
0.250%, 03/22/2052		1,127		2,683
0.125%, 03/22/2024		25,779		39,626
0.125%, 03/22/2026		18,388		28,910
0.125%, 03/22/2029		1,149		1,885
0.125%, 03/22/2044		4,503		9,192
0.125%, 03/22/2058		1,280		3,252
0.125%, 11/22/2065		750		2,175
0.125%, 03/22/2068		437		1,328


Total Sovereign Debt (Cost $389,979) ($ Thousands)				409,756



Description	Shares		Market Value ($ Thousands)

FOREIGN COMMON STOCK — 4.4%

Australia — 0.3%
AGL Energy		25,712	$	471
Amcor		3,900		46
APA Group		46,575		305
Aristocrat Leisure		11,728		193
ASX		2,472		102
Aurizon Holdings		21,309		82
AusNet Services		264,595		351
BHP Billiton		5,561		112
Brambles		9,655		68
Caltex Australia		19,918		502
CIMIC Group		4,686		163
Coca-Cola Amatil		19,358		117
Cochlear		2,349		293
Computershare		58,392		663
Crown Resorts		10,576		94
CSL		3,069		323
Domino’s Pizza Enterprises		2,369		85
Fortescue Metals Group		27,506		111
Harvey Norman Holdings		38,002		116
Healthscope		82,236		108
Incitec Pivot		29,314		83
Insurance Australia Group		17,664		88
LendLease Group		3,959		56
Oil Search		43,422		238
Origin Energy *		40,531		238
Qantas Airways		25,771		118
Ramsay Health Care		5,073		248
REA Group		2,602		137
Scentre Group ^‡		11,668		36
SEEK		7,445		97
Sonic Healthcare		16,500		271
South32		36,210		93
Sydney Airport		20,066		112
Tabcorp Holdings		34,462		115
Tatts Group		44,420		139
Telstra, Cl B		151,094		414
TPG Telecom		73,247		280
Transurban Group		13,849		129
Treasury Wine Estates		30,987		333
Vicinity Centres ^‡		28,772		60
Wesfarmers		4,028		131
Westfield ^‡		9,207		57
Westpac Banking		2,441		61
Woodside Petroleum		6,856		156
Woolworths		9,620		190

				8,185


Austria — 0.1%
Andritz		3,371		195
Erste Group Bank *		4,076		176
OMV		9,074		529


244		SEI Institutional Managed Trust / Annual Report / September 30, 2017



Description	Shares		Market Value ($ Thousands)

FOREIGN COMMON STOCK (continued)
Raiffeisen Bank International *		6,043	$	202
voestalpine		5,195		265


				1,367


Belgium — 0.1%
Ageas		2,714		127
Anheuser-Busch InBev		2,858		342
Colruyt		6,336		325
Groupe Bruxelles Lambert		357		37
KBC Group		1,942		165
Proximus SADP		13,839		477
Solvay		1,290		193
Telenet Group Holding *		6,800		450
UCB, Cl A		6,939		494
Umicore		4,213		349


				2,959


Canada — 0.4%
Alimentation Couche-Tard, Cl B		5,390		245
Atco, Cl I		8,416		308
Bank of Montreal		518		39
Bank of Nova Scotia, Cl C		1,590		102
Barrick Gold		4,739		76
BCE		9,904		463
BlackBerry *		20,413		228
Bombardier, Cl B *		74,372		134
CAE		9,180		160
Canadian National Railway		2,192		181
Canadian Natural Resources		4,257		142
Canadian Pacific Railway		641		107
Canadian Tire, Cl A		1,352		168
Canadian Utilities, Cl A		11,282		350
CGI Group, Cl A *		6,993		362
CI Financial		3,354		73
Constellation Software		636		346
Crescent Point Energy, Cl F		4,916		39
Dollarama		2,451		268
Emera		5,208		197
Empire, Cl A		15,307		270
Enbridge		2,263		94
Encana		8,974		105
Fairfax Financial Holdings		200		104
Finning International		7,855		179
First Capital Realty		4,150		65
First Quantum Minerals (Canada)		2,143		24
Fortis		11,814		423
Franco-Nevada		1,000		77
George Weston		2,265		197
Gildan Activewear		6,126		191
H&R ^‡		4,787		83
Hydro One (C)		9,377		170
Imperial Oil		2,707		86



Description	Shares		Market Value ($ Thousands)

FOREIGN COMMON STOCK (continued)
Intact Financial		1,580	$	130
Jean Coutu Group PJC, Cl A		14,642		285
Loblaw		4,092		223
Magna International, Cl A		2,438		130
Methanex		1,070		54
Metro, Cl A		7,776		267
National Bank of Canada		870		42
Open Text		9,748		314
Potash Corp of Saskatchewan		2,157		42
PrairieSky Royalty		2,615		67
Restaurant Brands International		2,608		166
RioCan ^‡		3,430		66
Rogers Communications, Cl B		7,402		381
Royal Bank of Canada		1,066		82
Saputo		7,448		257
Shaw Communications, Cl B		7,879		181
Shopify *		1,760		204
SNC-Lavalin Group		1,669		75
Suncor Energy		2,894		101
Teck Resources, Cl B		2,423		51
TELUS		10,607		381
Thomson Reuters, Cl B		3,166		145
Toronto-Dominion Bank		1,857		104
TransCanada		2,000		99
Turquoise Hill Resources *		6,748		21
Valeant Pharmaceuticals International *		19,715		282
Vermilion Energy		2,483		88
Wheaton Precious Metals		2,275		43


				10,337


Chile — 0.0%
Antofagasta		8,667		110


China — 0.0%
Sands China		18,800		98
Yangzijiang Shipbuilding Holdings		175,548		185


				283


Denmark — 0.2%
AP Moller - Maersk, Cl A		102		188
AP Moller - Maersk, Cl B		99		188
Carlsberg, Cl B		3,461		379
Chr Hansen Holding		4,349		373
Coloplast, Cl B		3,496		284
Danske Bank		6,879		275
DONG Energy (C)		7,632		437
Genmab *		996		220
Novo Nordisk, Cl B		5,821		278
Novozymes, Cl B		7,255		372
Pandora		2,136		211
TDC		79,788		468
Tryg		10,215		236


SEI Institutional Managed Trust / Annual Report / September 30, 2017		245

CONSOLIDATED SCHEDULE OF INVESTMENTS

September 30, 2017

Multi-Asset Accumulation Fund (Continued)



Description	Shares		Market Value ($ Thousands)

FOREIGN COMMON STOCK (continued)
Vestas Wind Systems		1,356	$	122
William Demant Holding *		13,916		367


				4,398


Finland — 0.1%
Elisa		10,422		449
Fortum		21,754		434
Kone, Cl B		2,993		158
Metso		2,878		106
Neste		18,237		797
Nokia		58,083		349
Nokian Renkaat		5,363		238
Orion, Cl B		9,382		435
Sampo, Cl A		3,627		192
Stora Enso, Cl R		16,819		238
UPM-Kymmene, Cl V		9,046		245
Wartsila Abp		2,318		164


				3,805


France — 0.3%
Accor		875		44
Aeroports de Paris, Cl A		373		60
Air Liquide		1,030		137
Arkema		1,313		161
Atos		2,252		349
AXA		1,932		59
Bouygues		892		42
Bureau Veritas		900		23
Capgemini		2,596		304
Carrefour		1,443		29
Christian Dior, Cl B		506		162
CNP Assurances		1,903		45
Credit Agricole		5,388		98
Danone		1,646		129
Dassault Systemes		3,513		356
Electricite de France		11,810		144
Engie		13,671		232
Essilor International		3,166		392
Eutelsat Communications		1,501		45
Fonciere Des Regions ^‡		434		45
Gecina ^‡		699		113
Groupe Eurotunnel		4,624		56
Hermes International		96		48
ICADE ^‡		512		46
Iliad		1,128		300
Ingenico Group		3,300		313
JCDecaux		1,173		44
Kering		389		155
Klepierre ^‡		1,965		77
L’Oreal		607		129
LVMH Moet Hennessy Louis Vuitton		241		67
Natixis		5,679		46



Description	Shares		Market Value ($ Thousands)

FOREIGN COMMON STOCK (continued)
Orange		22,713	$	372
Pernod Ricard		1,010		140
Remy Cointreau		1,323		157
Renault		450		44
Rexel		3,641		63
Sanofi		4,184		416
Schneider Electric *		577		50
SCOR		1,457		61
Societe BIC		289		35
Societe Generale		2,531		148
STMicroelectronics		22,340		432
Suez		14,785		270
Thales, Cl A		1,344		152
TOTAL		13,193		709
Valeo		527		39
Veolia Environnement		8,189		189
Vinci		822		78
Vivendi		5,328		135
Wendel		681		110

				7,850


Germany — 0.3%
adidas		861		195
Allianz		347		78
BASF		1,028		109
Bayer		1,449		197
Beiersdorf		1,696		183
Brenntag		527		29
CECONOMY		4,277		50
Commerzbank *		5,497		75
Continental		286		73
Covestro (C)		1,507		130
Deutsche Bank		2,043		35
Deutsche Boerse		283		31
Deutsche Lufthansa		5,273		147
Deutsche Post		2,302		102
Deutsche Telekom		20,670		386
Deutsche Wohnen		1,750		74
E.ON		26,305		298
Fraport Frankfurt Airport Services Worldwide		1,521		144
Fresenius		4,273		345
Fresenius Medical Care		3,975		389
GEA Group		1,568		71
Hannover Rueck		619		75
HeidelbergCement		879		90
Henkel & KGaA		1,543		188
HUGO BOSS		2,069		182
Infineon Technologies		17,463		439
K+S		2,963		81
LANXESS		1,587		125
Linde		488		102
MAN		398		45


246		SEI Institutional Managed Trust / Annual Report / September 30, 2017



Description	Shares		Market Value ($ Thousands)

FOREIGN COMMON STOCK (continued)
Merck KGaA		2,187	$	243
METRO *		4,277		90
Muenchener Rueckversicherungs-Gesellschaft in Muenchen		274		59
OSRAM Licht		1,575		126
QIAGEN *		7,696		242
RWE *		14,159		322
SAP		3,666		402
Siemens		850		120
Symrise		2,361		179
Telefonica Deutschland Holding		49,505		278
thyssenkrupp		3,604		107
TUI		3,217		55
United Internet		6,170		384
Volkswagen		135		23


				7,098


Hong Kong — 0.2%
AIA Group		13,800		102
ASM Pacific Technology		51,400		740
BOC Hong Kong Holdings		23,000		112
CK Asset Holdings ^‡		5,708		47
CK Hutchison Holdings		8,208		105
CK Infrastructure Holdings		50,438		434
CLP Holdings, Cl B		51,500		528
Galaxy Entertainment Group *		6,000		42
HK Electric Investments & HK Electric Investments (C)		352,000		321
HKT Trust and HKT		327,920		398
Hong Kong & China Gas		220,173		414
Hutchison Port Holdings, Cl U		584,226		251
Kerry Properties		13,000		54
Li & Fung		672,000		337
Link ^‡		13,500		109
MGM China Holdings		30,000		72
MTR		39,500		231
NWS Holdings		90,000		175
PCCW		785,000		425
Power Assets Holdings		44,602		386
Shangri-La Asia		82,000		152
SJM Holdings		52,000		48
Swire Pacific, Cl A ^‡		4,000		39
Swire Properties		18,400		63
Techtronic Industries		56,500		302
WH Group (C)		412,500		438
Wynn Macau		27,600		74
Yue Yuen Industrial Holdings		68,500		261


				6,660


Ireland — 0.1%
Accenture, Cl A		1,029		139
Bank of Ireland Group *		29,648		243



Description	Shares		Market Value ($ Thousands)

FOREIGN COMMON STOCK (continued)
CRH		8,888	$	339
Eaton		2,114		162
Kerry Group, Cl A		5,639		542
Paddy Power Betfair		3,752		375
Ryanair Holdings ADR *		3,511		370


				2,170


Israel — 0.1%
Azrieli Group		4,495		250
Bank Hapoalim		29,177		204
Bank Leumi Le-Israel		39,720		211
Bezeq The Israeli Telecommunication		318,697		456
Check Point Software Technologies *		3,822		436
Elbit Systems		1,358		199
Frutarom Industries		5,414		417
Israel Chemicals		66,305		294
Mizrahi Tefahot Bank		12,761		229
NICE-Systems		6,158		491


				3,187


Italy — 0.2%
Assicurazioni Generali		2,134		40
Atlantia		3,095		98
CNH Industrial		12,849		154
Enel		67,914		409
Eni		16,512		273
EXOR		1,900		121
Ferrari		2,608		288
Fiat Chrysler Automobiles *		18,029		323
Leonardo-Finmeccanica		10,324		193
Luxottica Group		2,908		163
Mediobanca		8,384		90
Prysmian		5,661		191
Saipem *		71,504		308
Snam Rete Gas		114,066		550
Telecom Italia *		511,570		425
Tenaris		15,473		220
Terna Rete Elettrica Nazionale		54,270		317
UnipolSai Assicurazioni		31,346		73


				4,236


Japan — 0.6%
Aeon, Cl H		5,800		86
Air Water		5,000		92
Aisin Seiki *		800		42
Ajinomoto		7,000		137
ANA Holdings		2,000		76
Aozora Bank		3,100		118
Asahi Group Holdings		2,800		113
Asahi Kasei		9,000		111
Astellas Pharma		10,800		137
Bank of Kyoto		800		41


SEI Institutional Managed Trust / Annual Report / September 30, 2017		247

CONSOLIDATED SCHEDULE OF INVESTMENTS

September 30, 2017

Multi-Asset Accumulation Fund (Continued)



Description	Shares		Market Value ($ Thousands)

FOREIGN COMMON STOCK (continued)
Calbee		2,000	$	70
Canon		2,600		89
Central Japan Railway		400		70
Chubu Electric Power		11,300		140
Chugai Pharmaceutical		2,500		104
Chugoku Bank		7,600		104
Chugoku Electric Power *		17,500		186
Credit Saison		5,700		118
Daicel		3,800		46
Daito Trust Construction		500		91
Daiwa House Industry		3,000		104
Daiwa Securities Group		18,000		102
Dentsu		1,000		44
Eisai		2,000		103
Electric Power Development		6,100		153
FamilyMart UNY Holdings, Cl H		2,600		137
Fast Retailing		300		88
FUJIFILM Holdings		3,100		120
Fukuoka Financial Group		17,000		79
Hankyu Hanshin Holdings		1,400		53
Hino Motors		3,600		44
Hirose Electric		840		118
Hiroshima Bank		9,000		73
Hisamitsu Pharmaceutical		2,500		120
Hitachi Chemical		3,039		83
Idemitsu Kosan		11,100		313
Inpex		21,000		223
J Front Retailing		3,000		41
Japan Prime Realty Investment, Cl A^‡		24		80
Japan Real Estate Investment ^‡		16		77
Japan Retail Fund Investment, Cl A ^‡		32		57
JXTG Holdings		96,000		494
Kamigumi		4,000		93
Kaneka		12,000		93
Kansai Electric Power		14,400		184
Kansai Paint		3,000		75
Kao		1,800		106
KDDI		10,900		287
Keikyu		2,000		41
Keio		600		25
Kikkoman		4,000		123
Kirin Holdings		6,100		143
Konami Holdings		2,056		99
Kyocera *		1,500		93
Kyushu Electric Power		14,300		152
Lawson		1,200		79
LIXIL Group		3,000		80
M3 *		4,900		140
Marubeni		5,000		34
Maruichi Steel Tube		3,200		93
McDonald’s Holdings Japan		1,723		76
Mebuki Financial Group		19,230		74



Description	Shares		Market Value ($ Thousands)

FOREIGN COMMON STOCK (continued)
Medipal Holdings		6,500	$	113
MEIJI Holdings		2,000		158
Miraca Holdings		2,800		130
Mitsubishi Chemical Holdings, Cl B *		4,700		45
Mitsubishi Motors		8,800		70
Mitsubishi Tanabe Pharma		7,400		170
Mitsui Chemicals		1,800		55
Mizuho Financial Group		45,700		80
Murata Manufacturing		500		73
NEC		3,300		89
NGK Spark Plug		2,600		55
NH Foods		4,000		110
Nippon Building Fund ^‡		13		65
Nippon Prologis ^‡		36		76
Nippon Telegraph & Telephone		8,400		385
Nisshin Seifun Group		9,415		158
Nissin Food Products		2,000		122
NOK		1,500		34
Nomura Research Institute		2,178		85
NTT Data		10,000		107
NTT DOCOMO		16,300		372
Odakyu Electric Railway		1,500		28
Oji Holdings		22,000		119
Ono Pharmaceutical		5,600		127
Oracle Japan *		1,900		149
Osaka Gas		15,600		290
Otsuka Holdings		3,400		135
Resona Holdings		17,500		90
Ryohin Keikaku		200		59
Sankyo		2,500		80
Santen Pharmaceutical		7,500		118
Sekisui Chemical		3,000		59
Seven & i Holdings		2,100		81
Seven Bank		30,200		109
Shimadzu		6,000		118
Shimizu		3,000		33
Shin-Etsu Chemical, Cl A		1,100		98
Shizuoka Bank		12,000		108
Showa Shell Sekiyu		29,300		337
SoftBank		3,800		307
Subaru		2,200		79
Sumitomo		6,500		93
Sumitomo Rubber Industries		3,400		62
Suntory Beverage & Food		2,800		125
Suzuken		2,760		98
Sysmex		1,700		108
Taisei		1,000		52
Taisho Pharmaceutical Holdings		1,800		137
Takeda Pharmaceutical		2,600		144
Teijin		4,800		95
Terumo		4,000		157
Tobu Railway		3,400		93


248		SEI Institutional Managed Trust / Annual Report / September 30, 2017



Description	Shares		Market Value ($ Thousands)

FOREIGN COMMON STOCK (continued)
Toho		1,600	$	56
Toho Gas		6,813		199
Tohoku Electric Power		8,400		107
Tokyo Electric Power Holdings *		32,000		129
Tokyo Gas		12,400		304
Tokyu		2,000		28
Toray Industries		10,000		97
TOTO		1,000		42
Toyo Seikan Group Holdings		1,900		32
Toyo Suisan Kaisha		3,000		110
Toyota Industries		1,900		109
Toyota Motor *		1,700		101
Trend Micro *		1,900		94
Unicharm		4,900		112
United Urban Investment ^‡		66		97
Yakult Honsha		1,800		130
Yamaguchi Financial Group		9,000		105
Yamato Holdings		1,400		28
Yamazaki Baking		5,000		90


				14,977


Luxembourg — 0.0%
RTL Group		682		52
SES, Cl A		1,713		37


				89


Netherlands — 0.2%
Aegon		27,244		159
Akzo Nobel		2,588		239
Altice *		7,879		158
Altice, Cl B *		11,055		221
ArcelorMittal *		7,178		185
ASML Holding		3,148		536
Coca-Cola European Partners		2,967		124
Gemalto		4,556		204
Heineken		1,925		190
ING Groep		10,046		185
Koninklijke Ahold Delhaize		14,293		267
Koninklijke Boskalis Westminster		1,861		65
Koninklijke DSM		3,445		282
Koninklijke KPN		91,067		313
Koninklijke Philips		7,163		296
Koninklijke Vopak		12,357		542
LyondellBasell Industries, Cl A		3,960		392
NN Group		3,780		158
NXP Semiconductors *		2,141		242
Randstad Holding		1,641		102
RELX		10,973		234
Unibail-Rodamco ^‡		139		34
Unilever		3,312		196



Description	Shares		Market Value ($ Thousands)

FOREIGN COMMON STOCK (continued)
Wolters Kluwer		4,597	$	212


				5,536


New Zealand — 0.1%
Auckland International Airport		59,637		277
Contact Energy		79,201		315
Fletcher Building		46,704		270
Mercury NZ		112,969		277
Meridian Energy		170,649		351
Ryman Healthcare		58,689		393
Spark New Zealand		147,825		390


				2,273


Norway — 0.1%
DNB, Cl A		9,226		186
Gjensidige Forsikring		10,608		185
Marine Harvest *		13,283		263
Norsk Hydro		51,688		376
Orkla		30,555		313
Schibsted, Cl A		5,700		147
Schibsted, Cl B		7,617		180
Statoil		26,354		527
Telenor		22,751		481
Yara International		7,741		347


				3,005


Panama — 0.0%
Carnival		1,461		94


Portugal — 0.0%
Banco Espirito Santo *(D)		50,830		–
EDP - Energias de Portugal		85,324		321
Galp Energia SGPS		25,094		445
Jeronimo Martins SGPS		16,644		329


				1,095


Singapore — 0.1%
CapitaLand		33,800		89
CapitaLand Commercial Trust ^‡		53,667		66
DBS Group Holdings		7,800		120
Genting Singapore		238,600		206
Global Logistic Properties		42,000		102
Golden Agri-Resources		1,474,000		407
Jardine Cycle & Carriage		6,200		180
Keppel		16,600		79
Oversea-Chinese Banking		12,800		105
Sembcorp Industries		31,300		68
Singapore Airlines		21,300		158
Singapore Exchange		33,500		182
Singapore Press Holdings		176,700		354
Singapore Technologies Engineering		25,400		64


SEI Institutional Managed Trust / Annual Report / September 30, 2017		249

CONSOLIDATED SCHEDULE OF INVESTMENTS

September 30, 2017

Multi-Asset Accumulation Fund (Continued)



Description	Shares		Market Value ($ Thousands)

FOREIGN COMMON STOCK (continued)
Singapore Telecommunications		116,700	$	316
StarHub		230,000		440
United Overseas Bank		5,300		92
UOL Group		7,072		42
Wilmar International		89,200		209


				3,279


Spain — 0.2%
Abertis Infraestructuras		5,513		111
ACS Actividades de Construccion y Servicios		2,833		105
Aena (C)		765		138
Amadeus IT Group, Cl A		10,255		667
Banco Bilbao Vizcaya Argentaria		10,923		98
Banco Santander		16,470		115
Bankia		20,227		97
CaixaBank		30,255		152
Distribuidora Internacional de Alimentacion		38,251		223
Enagas		12,242		345
Endesa		4,836		109
Ferrovial		4,529		100
Gas Natural SDG		6,561		145
Grifols		14,620		426
Iberdrola		26,058		202
Industria de Diseno Textil		9,200		347
Red Electrica		8,320		175
Repsol, Cl A		21,631		399
Telefonica		18,046		196


				4,150


Sweden — 0.2%
Alfa Laval		3,670		89
Atlas Copco, Cl A		1,818		77
Atlas Copco, Cl B		1,891		73
Boliden		12,111		409
Electrolux		4,260		144
Essity, Cl B *		7,171		195
Getinge, Cl B		16,980		318
Hennes & Mauritz, Cl B		4,059		105
Hexagon, Cl B		8,618		426
Husqvarna, Cl B		17,924		184
ICA Gruppen		7,278		273
Industrivarden, Cl C		4,865		123
Kinnevik		1,565		51
Lundin Petroleum *		24,445		534
Millicom International Cellular		3,667		242
Nordea Bank		6,982		94
Skandinaviska Enskilda Banken, Cl A		7,936		104
SKF, Cl B		8,542		186
Svenska Handelsbanken, Cl A		2,082		31
Swedbank, Cl A		2,347		65
Swedish Match		7,003		245
Tele2, Cl B		24,845		284



Description	Shares		Market Value ($ Thousands)

FOREIGN COMMON STOCK (continued)
Telefonaktiebolaget LM Ericsson, Cl B		53,405	$	306
Telia		65,127		306
Volvo, Cl B		6,277		121


				4,985


Switzerland — 0.2%
ABB		4,545		112
Adecco Group		1,187		93
Baloise Holding		496		79
Barry Callebaut *		121		186
Chocoladefabriken Lindt & Spruengli		31		304
Cie Financiere Richemont		1,741		159
Coca-Cola HBC		3,429		116
Dufry *		1,505		239
EMS-Chemie Holding		353		235
Geberit		215		102
Givaudan		186		405
Kuehne & Nagel International		661		122
LafargeHolcim		843		49
Lonza Group		1,178		309
Nestle		1,850		155
Novartis		2,503		214
Partners Group Holding		322		219
Roche Holding		898		229
Schindler Holding		1,164		254
SGS, Cl B		41		98
Sika		37		276
Sonova Holding		1,666		283
Straumann Holding		271		174
Swatch Group		1,778		142
Swatch Group, Cl B		331		138
Swiss Life Holding		254		90
Swiss Re		978		89
Swisscom		1,199		615
TE Connectivity		1,422		118
Transocean *		31,055		334
Vifor Pharma		1,610		190


				6,128


United Kingdom — 0.3%
Admiral Group		3,076		75
Anglo American		8,527		153
Associated British Foods		2,191		94
AstraZeneca		3,801		253
Auto Trader Group (C)		48,359		255
Aviva		4,112		28
Barratt Developments		14,410		119
BP		50,616		324
British American Tobacco		1,681		105
BT Group, Cl A		59,549		227
Bunzl		3,000		91
Burberry Group		1,376		32


250		SEI Institutional Managed Trust / Annual Report / September 30, 2017



Description	Shares		Market Value ($ Thousands)

FOREIGN COMMON STOCK (continued)
Capita		2,265	$	17
Carnival		2,105		134
Centrica		91,279		229
Cobham *		76,406		149
Compass Group		7,733		164
Croda International		2,513		128
Delphi Automotive		1,026		101
Diageo		2,888		95
Dixons Carphone		10,596		27
easyJet		3,512		57
Experian		2,610		52
G4S		16,567		62
GlaxoSmithKline		14,130		282
Glencore		35,516		163
Hikma Pharmaceuticals		5,080		83
IMI		1,574		26
Imperial Brands		2,202		94
Inmarsat		37,473		324
InterContinental Hotels Group		1,219		65
Intertek Group		544		36
ITV		11,950		28
J Sainsbury		21,670		69
Johnson Matthey		1,866		86
Marks & Spencer Group		10,789		51
Mediclinic International		15,345		134
National Grid		24,779		307
Next, Cl A		560		40
Pearson		16,363		134
Petrofac		56,980		344
Reckitt Benckiser Group		1,075		98
RELX		3,034		67
Rio Tinto		4,054		204
Royal Dutch Shell, Cl A		14,028		423
Royal Dutch Shell, Cl B		13,418		413
Royal Mail		6,924		36
RSA Insurance Group		7,664		64
Sage Group		34,684		325
Severn Trent		8,989		262
Shire		3,125		159
Sky *		5,534		68
Smith & Nephew		15,129		274
Smiths Group		4,570		97
SSE		20,367		382
Standard Life Aberdeen		3,369		20
Tate & Lyle		7,790		68
Travis Perkins		3,353		65
Unilever		2,107		122
United Utilities Group, Cl B		17,772		204
Vodafone Group		136,374		382
Whitbread		1,095		55
Wm Morrison Supermarkets		34,659		109
Worldpay Group (C)		57,601		315



Description	Shares		Market Value ($ Thousands)

FOREIGN COMMON STOCK (continued)
WPP		1,441	$	27


				9,476

Total Foreign Common Stock (Cost $96,835) ($ Thousands)				117,732


COMMON STOCK — 3.7%

Consumer Discretionary — 0.4%
Advance Auto Parts		1,136		113
Amazon.com, Cl A *		111		107
Autonation *		3,088		147
Autozone *		218		130
Bed Bath & Beyond		3,904		92
Best Buy		2,195		125
BorgWarner		2,086		107
CarMax *		1,714		130
CBS, Cl B		1,671		97
Charter Communications, Cl A *		297		108
Chipotle Mexican Grill, Cl A *		282		87
Coach		3,725		150
Comcast, Cl A		2,442		94
Darden Restaurants		1,472		116
Discovery Communications, Cl A *		4,903		104
Discovery Communications, Cl C *		5,240		106
DISH Network, Cl A *		1,627		88
Dollar General		1,837		149
Dollar Tree *		1,756		152
DR Horton		2,237		89
Expedia		732		105
Foot Locker, Cl A		3,089		109
Ford Motor		8,016		96
Gap		5,746		170
Garmin		1,579		85
General Motors		2,986		121
Genuine Parts		1,553		149
Goodyear Tire & Rubber		2,895		96
H&R Block		4,738		125
Hanesbrands		6,692		165
Harley-Davidson, Cl A		1,846		89
Hasbro		950		93
Home Depot		660		108
Interpublic Group		4,700		98
Kohl’s		4,005		183
L Brands		2,667		111
Leggett & Platt		1,629		78
Lennar, Cl A		2,151		114
LKQ *		4,279		154
Lowe’s		1,189		95
Macy’s		5,542		121
Marriott International, Cl A		1,166		129
Mattel		6,081		94


SEI Institutional Managed Trust / Annual Report / September 30, 2017		251

CONSOLIDATED SCHEDULE OF INVESTMENTS

September 30, 2017

Multi-Asset Accumulation Fund (Continued)



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
McDonald’s		689	$	108
Michael Kors Holdings *		4,899		234
Mohawk Industries *		603		149
NetFlix *		483		88
Newell Brands, Cl B		1,797		77
News, Cl A		6,656		88
News, Cl B		6,800		93
Nike, Cl B		3,230		167
Nordstrom		1,762		83
Omnicom Group		1,422		105
O’Reilly Automotive *		530		114
Priceline Group *		50		91
PulteGroup		3,900		107
PVH		1,566		197
Ralph Lauren, Cl A		2,432		215
Ross Stores		2,214		143
Royal Caribbean Cruises		781		93
Scripps Networks Interactive, Cl A		1,434		123
Signet Jewelers		2,361		157
Starbucks		2,467		132
Target, Cl A		2,518		149
TEGNA		7,208		96
Tiffany		1,465		134
Time Warner		1,132		116
TJX		2,072		153
Tractor Supply		2,314		146
TripAdvisor *		3,872		157
Twenty-First Century Fox, Cl A		4,316		114
Twenty-First Century Fox, Cl B		3,644		94
Ulta Beauty *		470		106
Under Armour, Cl A *		7,140		118
Under Armour, Cl C *		7,753		116
VF		2,986		190
Viacom, Cl B		1,904		53
Walt Disney		1,190		117
Whirlpool		397		73
Wyndham Worldwide		1,075		113
Wynn Resorts		659		98
Yum! Brands		2,076		153


				9,839


Consumer Staples — 0.4%
Altria Group		3,905		248
Archer-Daniels-Midland		6,839		291
British American Tobacco ADR		2,128		133
Brown-Forman, Cl B		6,136		333
Campbell Soup		6,114		286
Church & Dwight		6,428		311
Clorox		1,950		257
Coca-Cola		5,902		266
Colgate-Palmolive		3,495		255
Conagra Brands		10,614		358



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Constellation Brands, Cl A		1,639	$	327
Costco Wholesale		1,834		301
Coty, Cl A		15,157		251
CVS Health		3,591		292
Dr Pepper Snapple Group		3,443		305
Estee Lauder, Cl A		3,029		327
General Mills		5,791		300
Hershey		2,764		302
Hormel Foods		11,944		384
JM Smucker		3,041		319
Kellogg		4,338		271
Kimberly-Clark		2,375		279
Kraft Heinz		2,775		215
Kroger		11,876		238
McCormick		4,402		452
Molson Coors Brewing, Cl B		3,812		311
Mondelez International, Cl A		5,619		228
Monster Beverage *		6,570		363
PepsiCo		2,423		270
Philip Morris International		2,328		258
Procter & Gamble		3,530		321
Sysco, Cl A		4,263		230
Tyson Foods, Cl A		5,625		396
Walgreens Boots Alliance		3,532		273
Wal-Mart Stores		3,510		274


				10,225


Energy — 0.3%
Anadarko Petroleum, Cl A		4,928		241
Andeavor		2,422		250
Apache		5,099		234
Baker Hughes a GE		4,278		157
Cabot Oil & Gas		10,929		292
Chesapeake Energy *		50,940		219
Chevron		2,251		265
Cimarex Energy		2,603		296
Concho Resources *		2,397		316
ConocoPhillips		4,596		230
Devon Energy		7,486		275
EOG Resources		2,565		248
EQT		5,001		326
ExxonMobil		2,881		236
Halliburton		5,364		247
Helmerich & Payne		5,012		261
Hess		5,888		276
Kinder Morgan		12,379		237
Marathon Oil		20,023		272
Marathon Petroleum		4,014		225
Murphy Oil		10,332		274
National Oilwell Varco, Cl A		8,276		296
Newfield Exploration *		8,020		238
Noble Energy		8,457		240


252		SEI Institutional Managed Trust / Annual Report / September 30, 2017



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Occidental Petroleum		4,454	$	286
Oneok		5,078		281
Phillips 66		2,695		247
Pioneer Natural Resources		1,705		252
Range Resources		10,960		214
Schlumberger, Cl A		3,885		271
TechnipFMC *		8,997		251
Valero Energy		3,081		237
Williams		9,377		281


				8,471


Financials — 0.3%
Affiliated Managers Group		586		111
Aflac		1,295		105
Allstate		963		89
American Express		950		86
American International Group		1,242		76
Ameriprise Financial		614		91
Aon		680		99
Arthur J. Gallagher		2,093		129
Assurant		976		93
Bank of America		5,801		147
Bank of New York Mellon		2,543		135
BB&T		1,795		84
Berkshire Hathaway, Cl B *		698		128
BlackRock		151		68
Brighthouse Financial *		142		9
Capital One Financial		700		59
CBOE Holdings		1,054		113
Charles Schwab		2,369		104
Chubb		852		121
Cincinnati Financial		2,017		154
Citigroup		1,388		101
Citizens Financial Group		3,013		114
CME Group		772		105
Comerica		1,055		80
Discover Financial Services		1,159		75
ETrade Financial		2,418		105
Fifth Third Bancorp		3,964		111
Franklin Resources		2,773		123
Goldman Sachs Group		268		64
Hartford Financial Services Group		2,184		121
Huntington Bancshares		9,087		127
Intercontinental Exchange		1,550		107
Invesco		1,903		67
JPMorgan Chase		873		83
KeyCorp		5,335		100
Leucadia National		4,320		109
Lincoln National		1,000		74
Loews		2,625		126
M&T Bank		598		96
Marsh & McLennan		1,142		96



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
MetLife		1,562	$	81
Moody’s		1,083		151
Morgan Stanley		1,873		90
Nasdaq, Cl A		1,585		123
Navient		5,548		83
Northern Trust		1,046		96
People’s United Financial		8,554		155
PNC Financial Services Group		968		131
Principal Financial Group, Cl A		1,498		96
Progressive		1,877		91
Prudential Financial		736		78
Raymond James Financial		1,182		100
Regions Financial		6,723		102
S&P Global		545		85
State Street		770		74
SunTrust Banks		2,220		133
Synchrony Financial		3,561		111
T. Rowe Price Group		1,457		132
Torchmark, Cl A		1,442		116
Travelers		849		104
Unum Group		1,475		75
US Bancorp		2,336		125
Wells Fargo		1,955		108
Willis Towers Watson		767		118
XL Group		2,550		101
Zions Bancorporation		1,499		71


				6,715


Health Care — 0.4%
Abbott Laboratories		3,210		171
AbbVie		1,754		156
Aetna, Cl A		1,014		161
Agilent Technologies		3,209		206
Alexion Pharmaceuticals *		1,063		149
Allergan		620		127
AmerisourceBergen, Cl A		1,376		114
Amgen, Cl A		840		157
Anthem		784		149
Baxter International		2,892		181
Becton Dickinson		914		179
Biogen *		478		150
Boston Scientific *		5,968		174
Bristol-Myers Squibb		2,871		183
C.R. Bard		521		167
Cardinal Health		2,281		153
Celgene, Cl A *		937		137
Centene *		1,976		191
Cerner *		3,217		229
Cigna		1,044		195
Cooper, Cl A		642		152
DaVita *		2,885		171
DENTSPLY SIRONA		2,721		163


SEI Institutional Managed Trust / Annual Report / September 30, 2017		253

CONSOLIDATED SCHEDULE OF INVESTMENTS

September 30, 2017

Multi-Asset Accumulation Fund (Continued)



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Edwards Lifesciences, Cl A *		1,426	$	156
Eli Lilly		1,884		161
Envision Healthcare *		3,032		136
Express Scripts Holding *		2,680		170
Gilead Sciences		2,209		179
HCA Healthcare *		1,960		156
Henry Schein *		2,192		180
Hologic *		3,960		145
Humana		697		170
Idexx Laboratories *		915		142
Illumina *		1,071		213
Incyte *		1,025		120
Intuitive Surgical *		178		186
Johnson & Johnson		1,285		167
Laboratory Corp of America Holdings *		1,268		191
Mallinckrodt *		3,248		121
McKesson		792		122
Medtronic		1,675		130
Merck		1,876		120
Mettler Toledo International *		275		172
Mylan *		3,267		103
Patterson		4,307		166
PerkinElmer		2,942		203
Perrigo		1,993		169
Pfizer		4,453		159
Quest Diagnostics		1,742		163
Regeneron Pharmaceuticals *		245		110
Stryker		1,159		165
Taro Pharmaceutical Industries *		3,772		425
Teva Pharmaceutical Industries ADR		20,230		356
Thermo Fisher Scientific		934		177
UnitedHealth Group		909		178
Universal Health Services, Cl B		1,717		191
Varian Medical Systems *		1,691		169
Vertex Pharmaceuticals *		1,215		185
Waters *		930		167
Zimmer Biomet Holdings		1,214		142
Zoetis, Cl A		1,874		120


				10,300


Industrials — 0.4%
3M		677		142
Acuity Brands		803		138
Alaska Air Group		1,774		135
Allegion		1,615		140
American Airlines Group		1,938		92
Ametek		1,885		124
Arconic		5,255		131
Boeing		738		188
C.H. Robinson Worldwide		2,024		154
Caterpillar, Cl A		1,117		139
Cintas		1,509		218



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
CSX		2,266	$	123
Cummins		871		146
Danaher, Cl A		1,722		148
Deere		1,000		126
Delta Air Lines, Cl A		3,091		149
Dover		1,914		175
Emerson Electric		2,411		151
Equifax		1,030		109
Expeditors International of Washington		2,620		157
Fastenal, Cl A		3,531		161
FedEx		581		131
Flowserve		3,192		136
Fluor		3,126		132
Fortive		1,984		140
Fortune Brands Home & Security		2,268		152
General Dynamics		849		175
General Electric		3,393		82
Honeywell International		835		118
Illinois Tool Works		945		140
Ingersoll-Rand		1,653		147
Jacobs Engineering Group		1,976		115
JB Hunt Transport Services		1,842		205
Johnson Controls International		3,007		121
Kansas City Southern		1,630		177
L3 Technologies		894		168
Lockheed Martin		518		161
Masco		3,446		134
Nielsen Holdings		2,902		120
Norfolk Southern		1,093		145
Northrop Grumman		572		165
PACCAR		2,161		156
Parker-Hannifin, Cl A		653		114
Pentair		2,268		154
Quanta Services *		3,494		131
Raytheon		1,052		196
Republic Services		3,099		205
Robert Half International		3,077		155
Rockwell Automation		996		177
Rockwell Collins		1,609		210
Roper Technologies		676		165
Ryder System		2,196		186
Snap-on		986		147
Southwest Airlines, Cl A		2,241		125
Stanley Black & Decker		854		129
Stericycle, Cl A *		2,628		188
Textron		2,415		130
TransDigm Group *		624		159
Union Pacific		1,324		154
United Continental Holdings *		1,713		104
United Parcel Service, Cl B		1,422		171
United Rentals *		1,181		164
United Technologies		1,125		131


254		SEI Institutional Managed Trust / Annual Report / September 30, 2017



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Verisk Analytics, Cl A *		1,825	$	152
Waste Management		2,667		209
WW Grainger		802		144
Xylem		2,249		141


				10,007


Information Technology — 0.3%
Activision Blizzard		2,166		140
Adobe Systems *		870		130
Advanced Micro Devices *		7,885		100
Akamai Technologies *		3,128		152
Alliance Data Systems		484		107
Alphabet, Cl A *		135		131
Alphabet, Cl C *		107		103
Amphenol, Cl A		2,314		196
Analog Devices		1,714		148
Apple		729		112
Applied Materials		3,039		158
Autodesk, Cl A *		1,057		119
Automatic Data Processing		1,236		135
Broadcom		452		110
CA		4,037		135
Cisco Systems		4,373		147
Citrix Systems *		1,812		139
Cognizant Technology Solutions, Cl A		2,178		158
Corning, Cl B		4,549		136
CSRA		4,599		148
DXC Technology		1,620		139
eBay *		3,501		135
Electronic Arts *		1,157		137
F5 Networks, Cl A *		1,077		130
Facebook, Cl A *		855		146
Fidelity National Information Services, Cl B		1,370		128
Fiserv, Cl A *		1,220		157
Flir Systems		4,599		179
Gartner *		1,047		130
Global Payments		1,650		157
Harris		1,193		157
Hewlett Packard Enterprise		8,829		130
HP		7,329		146
Intel		4,494		171
International Business Machines		793		115
Intuit		1,040		148
Juniper Networks		4,939		137
KLA-Tencor		1,572		167
Lam Research		960		178
Mastercard, Cl A		762		107
Micro Focus International ADR *		1,212		39
Microchip Technology		1,703		153
Micron Technology *		3,782		149
Microsoft		1,573		117
Motorola Solutions		1,647		140



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
NetApp		3,680	$	161
Nvidia		777		139
Oracle, Cl B		2,724		132
Paychex		2,240		134
PayPal Holdings *		2,142		137
Qorvo *		1,591		112
Qualcomm		2,828		147
Red Hat *		1,237		137
salesforce.com *		1,809		169
Seagate Technology		2,644		88
Skyworks Solutions		1,430		146
Symantec, Cl A		4,111		135
Synopsys *		1,972		159
Teradata *		5,408		183
Texas Instruments		1,935		173
Total System Services		2,756		180
VeriSign *		1,436		153
Visa, Cl A		1,380		145
Western Digital		1,247		108
Western Union		7,451		143
Xerox		4,750		158
Xilinx		2,202		156


				9,391


Materials — 0.3%
Air Products & Chemicals		2,754		416
Albemarle		3,380		461
Avery Dennison		4,309		424
Ball		6,952		287
CF Industries Holdings		13,684		481
DowDuPont		9,065		628
Eastman Chemical		3,217		291
Ecolab		2,840		365
FMC		4,104		366
Freeport-McMoRan, Cl B *		30,043		422
International Flavors & Fragrances		2,706		387
International Paper		5,522		314
Martin Marietta Materials, Cl A		1,465		302
Monsanto		2,890		346
Mosaic		17,155		370
Newmont Mining		15,646		587
Nucor		6,312		354
PPG Industries		2,761		300
Praxair		2,704		378
Sealed Air		7,243		309
Sherwin-Williams, Cl A		901		323
Vulcan Materials		2,659		318
WestRock		5,916		336


				8,765


Real Estate — 0.1%
Alexandria Real Estate Equities ^‡		1,025		122


SEI Institutional Managed Trust / Annual Report / September 30, 2017		255

CONSOLIDATED SCHEDULE OF INVESTMENTS

September 30, 2017

Multi-Asset Accumulation Fund (Continued)



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
American Tower, Cl A ^‡		805	$	110
Apartment Investment & Management, Cl A ^‡		2,812		123
AvalonBay Communities ^‡		651		116
Boston Properties ^‡		881		108
CBRE Group, Cl A *		3,263		124
Crown Castle International ^‡		1,247		125
Digital Realty Trust, Cl A ^‡		1,000		118
Equinix ^‡		207		92
Equity Residential ^‡		1,670		110
Essex Property Trust ^‡		351		89
Extra Space Storage ^‡		1,522		122
Federal Realty Investment Trust ^‡		1,020		127
GGP ^‡		3,887		81
HCP ^‡		2,765		77
Host Hotels & Resorts ^‡		7,223		134
Iron Mountain ^‡		1,775		69
Kimco Realty ^‡		6,490		127
Macerich ^‡		1,962		108
Mid-America Apartment Communities ^‡		1,107		118
ProLogis ^‡		2,009		128
Public Storage ^‡		541		116
Realty Income ^‡		2,310		132
Regency Centers ^‡		1,875		116
Simon Property Group ^‡		423		68
SL Green Realty ^‡		1,090		110
UDR ^‡		2,944		112
Ventas ^‡		1,347		88
Vornado Realty Trust ^‡		1,108		85
Welltower ^‡		1,515		106
Weyerhaeuser ^‡		3,188		109


				3,370


Telecommunication Services — 0.3%
AT&T		67,381		2,639
CenturyLink		116,311		2,198
Level 3 Communications *		38,659		2,060
Verizon Communications		49,350		2,443


				9,340


Utilities — 0.5%
AES		34,577		381
Alliant Energy		13,217		549
Ameren		9,333		540
American Electric Power		6,545		460
American Water Works		4,182		338
Centerpoint Energy		14,910		436
CMS Energy		10,372		481
Consolidated Edison		5,764		465
Dominion Energy		5,881		452
DTE Energy		4,364		469
Duke Energy		4,970		417
Edison International		5,948		459



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Entergy		5,464	$	417
Eversource Energy		7,484		452
Exelon		12,325		464
FirstEnergy		14,493		447
NextEra Energy		3,440		504
NiSource		18,717		479
NRG Energy		19,666		503
PG&E		6,752		460
Pinnacle West Capital		5,992		507
PPL		11,490		436
Public Service Enterprise Group		10,392		481
SCANA		7,259		352
Sempra Energy		4,307		492
Southern		8,657		425
WEC Energy Group		7,761		487
Xcel Energy		10,425		493


				12,846

Total Common Stock (Cost $78,327) ($ Thousands)				99,269


	Face Amount (Thousands)

CORPORATE OBLIGATIONS — 1.9%

Consumer Discretionary — 0.0%
Toyota Motor Credit MTN
3.400%, 09/15/2021	$	150		157
Trustees of Dartmouth College
4.750%, 06/01/2019		150		157
University of Southern California
5.250%, 10/01/2111		100		122


				436


Consumer Staples — 0.1%
Coca-Cola
3.200%, 11/01/2023		500		522
1.150%, 04/01/2018		1,000		999
Colgate-Palmolive MTN
2.300%, 05/03/2022		250		252
Procter & Gamble
1.850%, 02/02/2021		250		248


				2,021


Energy — 0.2%
Chevron
4.950%, 03/03/2019		150		157
2.954%, 05/16/2026		1,000		998
2.100%, 05/16/2021		1,000		1,001
ExxonMobil
3.176%, 03/15/2024		500		518
Nexen Energy ULC
5.875%, 03/10/2035		100		120


256		SEI Institutional Managed Trust / Annual Report / September 30, 2017



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Shell International Finance BV
3.250%, 05/11/2025	$	250	$	256
Statoil
2.450%, 01/17/2023		250		249
XTO Energy
6.750%, 08/01/2037		300		419
6.500%, 12/15/2018		750		792


				4,510


Financials — 1.2%
Australia & New Zealand Banking Group NY MTN
2.250%, 06/13/2019		1,300		1,308
1.875%, 10/06/2017		250		250
Bank of Montreal MTN
2.550%, 11/06/2022		250		250
1.900%, 08/27/2021		750		740
1.500%, 07/18/2019		1,000		994
Bank of New York Mellon
3.550%, 09/23/2021		200		209
Bank of Nova Scotia
4.375%, 01/13/2021		250		266
2.700%, 03/07/2022		500		505
Berkshire Hathaway
3.400%, 01/31/2022		150		157
2.750%, 03/15/2023		1,000		1,017
Canadian Imperial Bank of Commerce
1.600%, 09/06/2019 (A)		1,000		994
CME Group
3.000%, 09/15/2022		100		103
3.000%, 03/15/2025		1,000		1,014
Commonwealth Bank of Australia NY MTN
2.550%, 03/15/2021		1,000		1,007
Cooperatieve Rabobank UA
2.250%, 01/14/2019		1,000		1,007
HSBC Holdings
5.100%, 04/05/2021		250		272
JPMorgan Chase Bank
1.650%, 09/23/2019		1,000		996
Kreditanstalt fuer Wiederaufbau
2.500%, 11/20/2024		1,500		1,515
2.375%, 08/25/2021		1,000		1,016
2.125%, 06/15/2022		500		501
1.875%, 11/30/2020		1,000		1,001
1.500%, 06/15/2021		500		493
Kreditanstalt fuer Wiederaufbau MTN
2.750%, 09/08/2020 (A)		1,000		1,027
Landwirtschaftliche Rentenbank
2.375%, 06/10/2025		250		250
2.250%, 10/01/2021		2,000		2,021
2.000%, 01/13/2025		250		244
1.875%, 09/17/2018		550		552



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
1.750%, 04/15/2019	$	200	$	200
1.375%, 10/23/2019		500		497
1.000%, 04/04/2018		200		200
Landwirtschaftliche Rentenbank MTN
1.750%, 07/27/2026		750		706
National Australia Bank
3.000%, 01/20/2023		200		203
1.875%, 07/12/2021		750		736
Oesterreichische Kontrollbank
1.875%, 01/20/2021		1,000		999
1.750%, 01/24/2020 (A)		1,000		1,000
1.625%, 03/12/2019 (A)		1,000		1,000
Royal Bank of Canada MTN
1.500%, 07/29/2019		1,000		994
Svenska Handelsbanken
2.500%, 01/25/2019		200		202
Svenska Handelsbanken MTN
2.450%, 03/30/2021		1,000		1,007
Toronto-Dominion Bank MTN
2.125%, 04/07/2021		500		499
US Bank
2.125%, 10/28/2019		400		403
Wells Fargo Bank
1.750%, 05/24/2019		1,000		999
Wells Fargo Bank MTN
2.150%, 12/06/2019		500		503
Westpac Banking
4.875%, 11/19/2019		200		212
2.600%, 11/23/2020		1,000		1,014
2.000%, 08/19/2021		750		740


				31,823


Health Care — 0.1%
Johns Hopkins University
5.250%, 07/01/2019		18		19
Johnson & Johnson
5.950%, 08/15/2037		300		402
3.375%, 12/05/2023		500		534
2.450%, 03/01/2026		1,000		982
Novartis Securities Investment
5.125%, 02/10/2019		150		157
Sanofi
4.000%, 03/29/2021		150		159


				2,253


Industrials — 0.0%
3M MTN
5.700%, 03/15/2037		150		196


Information Technology — 0.2%
Alphabet
3.625%, 05/19/2021		150		158


SEI Institutional Managed Trust / Annual Report / September 30, 2017		257

CONSOLIDATED SCHEDULE OF INVESTMENTS

September 30, 2017

Multi-Asset Accumulation Fund (Continued)



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Apple
3.250%, 02/23/2026	$	1,000	$	1,027
2.850%, 02/23/2023		1,000		1,024
2.400%, 05/03/2023		250		250
Automatic Data Processing
2.250%, 09/15/2020		500		505
Microsoft
3.700%, 08/08/2046		500		504
3.300%, 02/06/2027		1,000		1,036
2.125%, 11/15/2022		500		497
0.875%, 11/15/2017		1,500		1,499


				6,500


Utilities — 0.1%
Duke Energy Carolinas
2.950%, 12/01/2026		1,000		996
Florida Power & Light
3.125%, 12/01/2025		1,000		1,015
Southern California Gas
5.125%, 11/15/2040		150		178

				2,189


Total Corporate Obligations (Cost $49,920) ($ Thousands)				49,928



Description	Shares		Market Value ($Thousands)

EXCHANGE TRADED FUND — 1.5%

United States — 1.5%
iShares iBoxx Investment Grade Corporate Bond Fund		341,704	$	41,425


Total Exchange Traded Fund (Cost $40,239) ($ Thousands)				41,425


PREFERRED STOCK — 0.0%
Fuchs Petrolub, 0.000%		1,520		90
Henkel & KGaA, 0.000%		1,296		176
Porsche Automobil Holding, 0.000%		342		22
Volkswagen, 0.000%		65		11


Total Preferred Stock (Cost $235) ($ Thousands)				299


	Number of Rights

RIGHTS — 0.0%
CapitaLand Commercial Trust, Expires 10/24/2017 *		8,909		2
Safeway CVR - Casa Ley *^‡‡		2,823		–
Safeway CVR - PDC *^‡‡		2,823		3


Total Rights (Cost $—) ($ Thousands)				5


Total Investments in Securities — 75.2% (Cost $1,970,723) ($ Thousands)			$	2,034,187

A list of the open futures contracts held by the Fund at September 30, 2017, is as follows:


Type of Contract	Number of Contracts Long		Expiration Date	Notional Amount ($ Thousands)		Value ($ Thousands)		Unrealized Appreciation (Depreciation) ($ Thousands)
Amsterdam Index		150	Oct-2017		$18,854		$19,042		$361
Australian 10-Year Bond		1,729	Dec-2017		179,474		172,353		(2,964)
CAC40 10 Euro Index		281	Oct-2017		17,447		17,695		413
Canadian 10-Year Bond		1,597	Dec-2017		175,840		172,769		(3,483)
10-Year USD Interest Rate Swap		1,026	Dec-2017		106,586		104,075		(2,511)
5-Year USD Interest Rate Swap		664	Dec-2017		67,906		67,002		(904)
DAX Index		100	Dec-2017		37,367		37,825		808
DJ Euro Stoxx 50 Index		1,487	Dec-2017		62,091		62,864		1,376
Euro-Bobl		321	Dec-2017		50,163		49,781		(142)
Euro-BTP		614	Dec-2017		98,686		97,964		(245)
Euro-Bund		1,571	Dec-2017		302,814		299,034		(2,133)
Euro-Buxl 30 Year Bond		109	Dec-2017		21,427		21,038		(286)
FTSE 100 Index		589	Dec-2017		57,300		57,920		(94)
FTSE MIB		51	Dec-2017		6,738		6,823		146
FTSE/JSE Top 40 Index		266	Dec-2017		10,061		9,877		(39)


258		SEI Institutional Managed Trust / Annual Report / September 30, 2017


Type of Contract	Number of Contracts Long		Expiration Date	Notional Amount ($ Thousands)		Value ($ Thousands)		Unrealized Appreciation (Depreciation) ($ Thousands)
Hang Seng Index		108	Oct-2017		$19,007		$19,023		$13
IBEX 35 Plus Index		60	Oct-2017		7,391		7,328		9
Japanese 10-Year Bond		41	Dec-2017		57,052		54,763		(253)
Japanese 10-Year Bond E-MINI		1,211	Dec-2017		168,673		161,782		(717)
KOSPI 200 Index		45	Dec-2017		3,104		3,120		46
Long Gilt 10-Year Bond		528	Dec-2017		85,960		87,756		(2,157)
MSCI Emerging Markets E-MINI		1,984	Dec-2017		109,868		108,059		(1,810)
OMX Index		173	Oct-2017		3,420		3,469		129
Russell 2000 Index E-MINI		1,950	Dec-2017		137,389		145,558		8,169
S&P 500 Index		34	Dec-2017		21,159		21,387		228
S&P 500 Index E-MINI		3,613	Dec-2017		447,119		454,533		7,414
S&P Mid Cap 400 Index E-MINI		271	Dec-2017		46,856		48,663		1,807
S&P TSX 60 Index		205	Dec-2017		29,607		30,118		1,364
SGX S&P CNX Nifty Index		507	Oct-2017		10,029		9,940		(88)
SPI 200 Index		128	Dec-2017		14,609		14,232		(95)
TOPIX Index		608	Dec-2017		88,121		90,472		4,934
U.S. 10-Year Treasury Note		3,825	Dec-2017		484,114		479,320		(4,793)
U.S. 2-Year Treasury Note		919	Jan-2018		198,785		198,231		(554)
U.S. Long Treasury Bond		327	Dec-2017		50,647		49,970		(677)
Feeder Cattle**		34	Jan-2018		2,483		2,576		93
Feeder Cattle**		33	Oct-2017		2,330		2,512		181
Feeder Cattle**		107	Nov-2017		7,961		8,239		278
Coffee**		191	Dec-2017		9,661		9,172		(489)
Copper**		136	Dec-2017		9,922		10,047		125
Corn**		819	Dec-2017		16,286		14,547		(1,739)
Corn**		179	Mar-2018		3,429		3,291		(137)
Cotton No. 2**		329	Dec-2017		11,948		11,260		(688)
Crude Oil**		515	Nov-2017		25,561		26,754		1,193
Dow Jones-UBS Commodity Index**		1,110	Dec-2017		9,459		9,391		(68)
S&P - Goldman Sachs Commodity Index**		309	Oct-2017		30,055		30,830		775
Gasoil**		232	Dec-2017		11,447		12,383		936
Gasoline**		137	Nov-2017		8,569		9,155		586
Gasoline RBOB**		218	Dec-2017		14,178		14,455		276
Gold**		418	Dec-2017		52,153		53,705		1,552
ICE Brent Crude**		182	Oct-2017		9,542		10,336		794
ICE Brent Crude**		865	Dec-2017		46,849		48,950		2,101
KC HRW Wheat**		40	Dec-2017		1,120		886		(235)
Lean Hogs**		212	Feb-2018		5,479		5,516		37
Lean Hogs**		96	Dec-2017		2,274		2,302		28
Live Cattle**		613	Dec-2017		27,017		28,259		1,242
Live Cattle**		30	Feb-2018		1,391		1,424		33
LME Aluminum**		886	Dec-2017		44,237		46,504		2,267
LME Copper**		130	Dec-2017		19,550		21,058		1,508
LME Lead**		63	Dec-2017		3,637		3,922		285
LME Nickel**		112	Dec-2017		6,419		7,049		630
LME Nickel**		105	Nov-2017		7,429		6,589		(840)
LME Zinc**		260	Dec-2017		19,376		20,579		1,203
Natural Gas**		221	Dec-2017		7,120		7,030		(90)
Natural Gas**		257	Oct-2017		7,909		7,728		(181)
NY Harbor ULSD**		107	Dec-2017		7,517		8,117		600
NYMEX Cocoa**		386	Dec-2017		7,446		7,886		440
Silver**		354	Dec-2017		29,983		29,517		(467)
Soybean**		86	Nov-2017		4,144		4,163		19
Soybean**		93	Jan-2018		4,507		4,550		43
Soybean Meal**		102	Dec-2017		3,114		3,221		107
Soybean Oil**		662	Dec-2017		13,506		13,036		(470)


SEI Institutional Managed Trust / Annual Report / September 30, 2017			259

CONSOLIDATED SCHEDULE OF INVESTMENTS

September 30, 2017

Multi-Asset Accumulation Fund (Continued)


Type of Contract	Number of Contracts Long		Expiration Date		Notional Amount ($ Thousands)		Value ($ Thousands)		Unrealized Appreciation (Depreciation) ($ Thousands)
Sugar No. 11**		756		Feb-2018		$12,255		$11,939		$(317)
Wheat**		395		Dec-2017		9,698		8,853		(845)

						$3,712,625		$3,711,517		$14,038

A list of the open forward foreign currency contracts held by the Fund at September 30, 2017, is as follows:


Counterparty	Settlement Date		Currency to Deliver (Thousands)			Currency to Receive (Thousands)		Unrealized Appreciation (Depreciation) (Thousands)
Barclays PLC	10/25/17 - 10/30/17	GBP		58,279	USD		78,987	$	743
Barclays PLC	10/25/17	EUR		72,345	USD		86,944		1,307
BNP Paribas	10/30/17	EUR		132	USD		156		–
BNP Paribas	10/30/17	HKD		50,000	USD		6,406		(1	)
Citigroup	12/20/17	CHF		4	USD		4		–
Citigroup	12/20/17	CAD		72	USD		57		–
Citigroup	12/20/17	USD		42	CAD		53		–
Citigroup	12/20/17	USD		122	CAD		151		(1	)
Citigroup	12/20/17	PLN		300	USD		82		–
Citigroup	12/20/17	USD		374	CHF		355		(5	)
Citigroup	12/20/17	CNY		800	USD		121		1
Citigroup	12/20/17	USD		3,574	HKD		27,890		4
Citigroup	12/20/17	CNH		7,000	USD		1,053		5
Citigroup	12/20/17	CNH		3,500	USD		523		(1	)
Citigroup	12/20/17	USD		1,440	CNH		9,659		6
Citigroup	12/20/17	USD		11,681	CNH		77,141		(135	)
Citigroup	12/20/17	TRY		8,400	USD		2,329		22
Citigroup	12/20/17	TRY		5,900	USD		1,614		(7	)
Citigroup	12/20/17	USD		10,288	EUR		8,700		44
Citigroup	12/20/17	USD		11,308	EUR		9,400		(144	)
Citigroup	12/20/17	USD		27,944	ZAR		369,700		(914	)
Citigroup	12/20/17	USD		28,383	INR		1,836,000		(565	)
Citigroup	12/20/17	USD		40,930	KRW		46,077,200		(623	)
Citigroup	12/20/17	USD		11,319	BRL		36,320		44
Citigroup	12/20/17	USD		30,838	BRL		97,880		(217	)
Citigroup	12/20/17	HKD		297	USD		38		–
Citigroup	12/20/17	HKD		42,830	USD		5,493		(3	)
Citigroup	12/20/17	USD		45,505	HUF		11,630,200		(1,030	)
Citigroup	12/20/17	USD		47,991	PLN		171,100		(1,010	)
Citigroup	12/20/17	ZAR		34,400	USD		2,555		40
Citigroup	12/20/17	ZAR		14,300	USD		1,043		(3	)
Citigroup	12/20/17	GBP		48,901	USD		63,309		(2,454	)
Citigroup	12/20/17	USD		61,857	TRY		219,900		(1,467	)
Citigroup	12/20/17	MXN		43,300	USD		2,401		47
Citigroup	12/20/17	MXN		19,200	USD		1,039		(4	)
Citigroup	12/20/17	USD		65,082	MXN		1,175,900		(1,164	)
Citigroup	12/20/17	EUR		233,174	USD		280,136		3,215
Citigroup	12/20/17	EUR		14,004	USD		16,603		(29	)
Citigroup	12/20/17	INR		213,400	USD		3,242		9
Citigroup	12/20/17	INR		66,600	USD		1,001		(8	)
Citigroup	12/20/17	HUF		3,230,800	USD		12,621		266


260		SEI Institutional Managed Trust / Annual Report / September 30, 2017


Counterparty	Settlement Date		Currency to Deliver (Thousands)			Currency to Receive (Thousands)		Unrealized Appreciation (Depreciation) (Thousands)
Citigroup	12/20/17	HUF		2,225,000	USD		8,447	$	(62	)
Citigroup	12/20/17	KRW		5,162,300	USD		4,558		42
Citigroup	12/20/17	KRW		2,890,300	USD		2,525		(4	)
JPMorgan Chase Bank	10/30/17	CHF		5,400	USD		5,564		(29	)
JPMorgan Chase Bank	10/30/17	CAD		12,700	USD		10,269		110
JPMorgan Chase Bank	10/30/17	EUR		32,800	USD		38,743		(93	)
JPMorgan Chase Bank	10/30/17	JPY		1,690,400	USD		15,100		57
State Street	10/30/17	AUD		10,600	USD		8,359		47

								$	(3,964	)

A list of the open OTC swap agreements held by the Fund at September 30, 2017 is as follows:

Total Return Swaps

Counterparty

Reference Entity/

Obligation

Fund Pays

Fund Receives

Payment
Frequency

Termination
Date

Currency

Notional
Amount
(Thousands)

Value
(Thousands)

Upfront Payments/
Receipts
(Thousands)

Net Unrealized

Appreciation
(Depreciation)
($ Thousands)

JPMorgan Chase Bank

Taiwan Index

Negative Price Return

Positive Price Return

At Maturity

10/18/2017

TWD

$1,905

$1,837

$–

$(53)

Bank of America

Taiwan Index

Negative Price Return

Positive Price Return

At Maturity

10/18/2017

TWD

5,270

5,104

–

(124)

Bank of America

Bovespa Index

Negative Price Return

Positive Price Return

At Maturity

10/18/2017

BRL

326

354

–

JPMorgan Chase Bank

Bovespa Index

Negative Price Return

Positive Price Return

At Maturity

10/18/2017

BRL

15,625

16,985

–

1,287

Bank of America

Euro-Bund

Negative Price Return

Positive Price Return

At Maturity

12/07/2017

EUR

112,807

110,972

–

(949)

Bank of America

S&P CNX Nifty

Negative Price Return

Positive Price Return

At Maturity

10/26/2017

USD

4,146

4,097

–

(49)

JPMorgan Chase Bank

S&P CNX Nifty

Negative Price Return

Positive Price Return

At Maturity

10/26/2017

USD

5,916

5,843

–

(73)

Bank of America

H-Shares Index

Negative Price Return

Positive Price Return

At Maturity

10/30/2017

HKD

42,364

42,168

–

(208)

JPMorgan Chase Bank

H-Shares Index

Negative Price Return

Positive Price Return

At Maturity

10/30/2017

HKD

24,175

23,946

–

(238)

JPMorgan Chase Bank

Taiwan Index

Negative Price Return

Positive Price Return

At Maturity

10/30/2017

USD

22,569

22,544

–

(25)

Bank of America

Taiwan Index

Negative Price Return

Positive Price Return

At Maturity

10/30/2017

USD

6,916

6,886

–

(30)

Bank of America

Hang Seng Index

Negative Price Return

Positive Price Return

At Maturity

10/30/2017

HKD

9,704

9,688

–

(19)

JPMorgan Chase Bank

Hang Seng Index

Negative Price Return

Positive Price Return

At Maturity

10/30/2017

HKD

8,317

8,278

–

(41)

Bank of America

KOSPI Index

Negative Price Return

Positive Price Return

At Maturity

12/14/2017

KRW

10,277

10,331

–

170

JPMorgan Chase Bank

KOSPI Index

Negative Price Return

Positive Price Return

At Maturity

12/14/2017

KRW

21,567

21,702

–

395

JPMorgan Chase Bank

Swiss Market

Negative Price Return

Positive Price Return

At Maturity

12/15/2017

CHF

8,264

8,304

–

Bank of America

Swiss Market

Negative Price Return

Positive Price Return

At Maturity

12/15/2017

CHF

9,926

10,003

–

124

Bank of America

Canadian 10-Year Bond

Negative Price Return

Positive Price Return

At Maturity

12/29/2017

CAD

1,320

1,298

–

(26)

Bank of America

U.S. 10-Year Treasury Note

Negative Price Return

Positive Price Return

At Maturity

12/29/2017

USD

367,871

364,158

–

(3,713)

Citibank

Brent Crude**

Negative Price Return

Positive Price Return

At Maturity

12/01/2017

USD

9,355

9,847

–

492

Citibank

Gasoline**

Negative Price Return

Positive Price Return

At Maturity

12/01/2017

USD

651

663

–

BoA Merrill Lynch

Gasoline**

Negative Price Return

Positive Price Return

At Maturity

12/01/2017

USD

2,398

2,453

–

BoA Merrill Lynch

Gasoil**

Negative Price Return

Positive Price Return

At Maturity

12/31/2017

USD

5,008

5,284

–

276

Citibank

Gasoil**

Negative Price Return

Positive Price Return

At Maturity

12/31/2017

USD

5,801

6,138

–

337

Citibank

Heating Oil**

Negative Price Return

Positive Price Return

At Maturity

12/01/2017

USD

3,052

3,186

–

134

BoA Merrill Lynch

Heating Oil**

Negative Price Return

Positive Price Return

At Maturity

12/01/2017

USD

4,003

4,172

–

169

BoA Merrill Lynch

Lean Hogs**

Negative Price Return

Positive Price Return

At Maturity

12/14/2017

USD

6,679

6,762

–

Citibank

Corn**

Negative Price Return

Positive Price Return

At Maturity

12/15/2017

USD

15,912

14,423

–

(1,489)

BoA Merrill Lynch

Corn**

Negative Price Return

Positive Price Return

At Maturity

12/15/2017

USD

1,109

1,013

–

(96)

Citibank

Soybean Meal**

Negative Price Return

Positive Price Return

At Maturity

12/15/2017

USD

3,633

3,695

–

BoA Merrill Lynch

Soybean Meal**

Negative Price Return

Positive Price Return

At Maturity

12/15/2017

USD

2,328

2,305

–

(23)

BoA Merrill Lynch

KC HRW Wheat**

Negative Price Return

Positive Price Return

At Maturity

12/15/2017

USD

–

(5)

Citibank

KC HRW Wheat**

Negative Price Return

Positive Price Return

At Maturity

12/15/2017

USD

786

620

–

(166)

BoA Merrill Lynch

Cotton No. 2**

Negative Price Return

Positive Price Return

At Maturity

12/15/2017

USD

2,201

2,190

–

(11)

Citibank

Cotton No. 2**

Negative Price Return

Positive Price Return

At Maturity

12/15/2017

USD

3,452

3,251

–

(201)

Citibank

NYMEX Cocoa**

Negative Price Return

Positive Price Return

At Maturity

12/15/2017

USD

238

245

–

Citibank

LME Aluminum**

Negative Price Return

Positive Price Return

At Maturity

12/20/2017

USD

1,234

1,365

–

131

Citibank

LME Copper**

Negative Price Return

Positive Price Return

At Maturity

12/19/2017

USD

2,372

2,592

–

220


SEI Institutional Managed Trust / Annual Report / September 30, 2017			261

CONSOLIDATED SCHEDULE OF INVESTMENTS

September 30, 2017

Multi-Asset Accumulation Fund (Concluded)

Total Return Swaps

Counterparty

Reference Entity/

Obligation

Fund Pays

Fund Receives

Payment
Frequency

Termination
Date

Currency

Notional
Amount
(Thousands)

Value
(Thousands)

Upfront

Net Unrealized

Appreciation
(Depreciation)
($ Thousands)

Citibank

LME Lead**

Negative Price Return

Positive Price Return

At Maturity

12/20/2017

USD

$1,663

$1,805

$–

$142

Citibank

LME Nickel**

Negative Price Return

Positive Price Return

At Maturity

12/20/2017

USD

1,187

1,196

–

Citibank

LME Zinc**

Negative Price Return

Positive Price Return

At Maturity

12/19/2017

USD

842

950

–

108

BoA Merrill Lynch

Soybean Oil**

Negative Price Return

Positive Price Return

At Maturity

12/26/2017

USD

2,406

2,462

–

Citibank

Soybean Oil**

Negative Price Return

Positive Price Return

At Maturity

12/26/2017

USD

2,812

2,777

–

(35)

Citibank

Silver**

Negative Price Return

Positive Price Return

At Maturity

12/29/2017

USD

253

250

–

(3)

BoA Merrill Lynch

Silver**

Negative Price Return

Positive Price Return

At Maturity

12/29/2017

USD

–

(2)

Citibank

Gold**

Negative Price Return

Positive Price Return

At Maturity

12/29/2017

USD

16,799

17,216

–

417

BoA Merrill Lynch

Gold**

Negative Price Return

Positive Price Return

At Maturity

12/29/2017

USD

739

771

–

BoA Merrill Lynch

Coffee**

Negative Price Return

Positive Price Return

At Maturity

12/29/2017

USD

758

720

–

(38)

Citibank

Coffee**

Negative Price Return

Positive Price Return

At Maturity

12/29/2017

USD

4,249

4,082

–

(167)

BoA Merrill Lynch

Live Cattle**

Negative Price Return

Positive Price Return

At Maturity

12/29/2017

USD

11,340

11,848

–

508

Citibank

Natural Gas**

Negative Price Return

Positive Price Return

At Maturity

12/31/2017

USD

1,628

1,622

–

(6)

BoA Merrill Lynch

Soybean**

Negative Price Return

Positive Price Return

At Maturity

01/12/2018

USD

12,130

12,182

–

Citibank

Soybean**

Negative Price Return

Positive Price Return

At Maturity

01/12/2018

USD

11,114

11,204

–

BoA Merrill Lynch

Sugar No. 11**

Negative Price Return

Positive Price Return

At Maturity

02/28/2018

USD

568

537

–

(31)

Citibank

Sugar No. 11**

Negative Price Return

Positive Price Return

At Maturity

02/28/2018

USD

279

269

–

(10)

Citibank

Wheat**

Negative Price Return

Positive Price Return

At Maturity

12/15/2017

USD

5,574

4,796

–

(778)

BoA Merrill Lynch

Wheat**

Negative Price Return

Positive Price Return

At Maturity

12/15/2017

USD

211

179

–

(32)

BoA Merrill Lynch

WTI Crude Oil**

Negative Price Return

Positive Price Return

At Maturity

11/20/2017

USD

9,621

10,078

–

457

Citibank

WTI Crude Oil**

Negative Price Return

Positive Price Return

At Maturity

11/20/2017

USD

18,089

19,014

–

925

$–

$(1,770)

A list of the open centrally cleared swap agreements held by the Fund at September 30, 2017 is as follows:


Interest Rate Swaps
Fund Pays	Fund Receives	Payment Frequency	Termination Date	Currency	Notional Amount (Thousands)		Value ($ Thousands)		Upfront Payments/ Receipts ($ Thousands)		Net Unrealized Depreciation ($ Thousands)
3-MONTH USD - LIBOR	2.25%	Quarterly	12/20/2022	USD		$185,384		$1,781		$2,919		$(1,138)
3-MONTH USD - LIBOR	2.00%	Quarterly	12/20/2019	USD		495,838		1,936		3,054		(1,118)

								$3,717		$5,973		$(2,256)

Percentages are based on Net Assets of $2,706,416 ($ Thousands).

*	Non-income producing security.

^‡	Real Estate Investment Trust.

^‡‡	Expiration date unavailable.

**	Futures and swap contracts held by the Accumulation Commodity Strategy Subsidiary, Ltd. as of September 30, 2017.

(A)	Security, or a portion thereof, is held by the Accumulation Commodity Strategy Subsidiary, Ltd. as of September 30, 2017.

(B)	Zero coupon security. The rate shown on the Schedule of Investments is the security’s effective yield at the time of purchase.

(C)

Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration normally to qualified institutions. On September 30, 2017, the value of these securities amounted to $8,279 ($ Thousands), representing 0.3% of the Net Assets of the Fund.

(D)	Level 3 security in accordance with fair value hierarchy.

(E)	Security, or portion thereof, has been pledged as collateral on open futures contracts.

ADR — American Depositary Receipt

AUD — Australian Dollar

BRL — Brazilian Real

CAD — Canadian Dollar

CHF — Swiss Franc

Cl — Class

CNH – Chinese Offshore Yuan

CNY – Chinese Yuan Onshore

DJ — Dow Jones

EUR — Euro

EURIBOR — Euro London Interbank Offered Rate

FTSE — Financial Times and the London Stock Exchange

GBP — British Pound Sterling

HKD — Hong Kong Dollar

HUF — Hungarian Forint

INR — Indian Rupee

JPY — Japanese Yen

JSE — Johannesburg Stock Exchange

KOSPI — Korea Composite Stock Price Index

KRW — Korean Won

LIBOR — London Interbank Offered Rate

LME — London Metal Exchange


262		SEI Institutional Managed Trust / Annual Report / September 30, 2017

MSCI — Morgan Stanley Capital International

MTN — Medium Term Note

MXN — Mexican Peso

NYMEX — New York Mercantile Exchange

OTC — Over the Counter

PLN — Polish Zloty

S&P— Standard & Poor’s

SGX — Singapore Exchange

SPI — Share Price Index

TRY — Turkish Lira

TSE — Tokyo Stock Exchange

TSX — Toronto Stock Exchange

USD — United States Dollar

ZAR — South African Rand

The following is a list of the level of inputs used as of September 30, 2017, in valuing the Fund’s investments and other financial instruments carried at value ($ Thousands):



Investments in Securities	Level 1		Level 2		Level 3		Total
U.S. Treasury Obligations	$	–	$	1,315,773	$	–	$	1,315,773
Sovereign Debt		–		409,756		–		409,756
Foreign Common Stock		117,732		–		–		117,732
Common Stock		99,269		–		–		99,269
Corporate Obligations		–		49,928		–		49,928
Exchange Traded Fund		41,425		–		–		41,425
Preferred Stock		299		–		–		299
Rights		–		5		–		5


Total Investments in Securities	$	258,725	$	1,775,462	$	–	$	2,034,187


Other Financial Instruments	Level 1		Level 2		Level 3		Total
Futures Contracts *
Unrealized Appreciation	$	44,549	$	–	$	–	$	44,549
Unrealized Depreciation		(30,511)		–		–		(30,511)
Forwards Contracts *
Unrealized Appreciation		–		6,009		–		6,009
Unrealized Depreciation		–		(9,973)		–		(9,973)
OTC Swaps
Total Return Swaps *
Unrealized Appreciation		–		6,871		–		6,871
Unrealized Depreciation		–		(8,641)		–		(8,641)
Centrally Cleared Swaps
Interest Rate Swaps *
Unrealized Depreciation		–		(2,256)		–		(2,256)


Total Other Financial Instruments	$	14,038	$	(7,990)	$	–	$	6,048

* Futures contracts, forward contracts and swap contracts are valued at the unrealized appreciation (depreciation) on the instrument.

For the year ended September 30, 2017, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the year ended September 30, 2017, there were no transfers between Level 2 and Level 3 assets and liabilities.

For more information on valuation inputs, see Note 2 – Significant Accounting Policies in Notes to Financial Statements.

Amounts designated as “–” are $0 or have been rounded to $0.

The accompanying notes are an integral part of the financial statements.


SEI Institutional Managed Trust / Annual Report / September 30, 2017		263

SCHEDULE OF INVESTMENTS

September 30, 2017

Multi-Asset Income Fund

LOGO

^†Percentages are based on total investments.



Description	Face Amount (Thousands)		Market Value ($ Thousands)
ASSET-BACKED SECURITIES — 27.0%
Mortgage Related Securities — 0.1%

GSAA Home Equity Trust, Ser 2006-14, Cl A3A
1.487%, VAR ICE LIBOR USD 1 Month+0.250%, 09/25/2036	$	466	$	297
Soundview Home Loan Trust, Ser 2006- OPT3, Cl 2A4
1.487%, VAR ICE LIBOR USD 1 Month+0.250%, 06/25/2036		1,360		1,252

				1,549


Other Asset-Backed Securities — 26.9%

A Voce CLO, Ser 2014-A1, Cl AIR		2,200		2,209
2.464%, 07/15/2026
AASET Trust, Ser 2017-1A, Cl A		4,300		4,329
3.967%, 05/16/2042 (A)
ABPCI Direct Lending Fund CLO I, Ser 2016-1A, Cl A
4.077%, VAR ICE LIBOR USD 3 Month+2.700%, 12/22/2028 (A)		3,000		3,018
ABPCI Direct Lending Fund CLO II, Ser 2017-1A, Cl A2
3.186%, VAR ICE LIBOR USD 3 Month+2.350%, 07/20/2029 (A)		1,000		1,016
Academic Loan Funding Trust, Ser 2012-1A, Cl A2
2.337%, VAR ICE LIBOR USD 1 Month+1.100%, 12/27/2044 (A)		1,350		1,347



Description	Face Amount (Thousands)		Market Value ($ Thousands)
ASSET-BACKED SECURITIES (continued)
ACIS CLO, Ser 2013-1A, Cl ACOM
2.531%, VAR ICE LIBOR USD 3 Month+1.227%, 04/18/2024 (A)	$	911	$	915
ACIS CLO, Ser 2013-1A, Cl D
5.658%, VAR ICE LIBOR USD 3 Month+4.500%, 04/18/2024 (A)		800		808
ACIS CLO, Ser 2014-4A, Cl A
2.731%, VAR ICE LIBOR USD 3 Month+1.420%, 05/01/2026 (A)		500		502
ACIS CLO, Ser 2017-2A, Cl C2R
2.604%, VAR ICE LIBOR USD 3 Month+1.300%, 10/14/2022 (A)		87		86
Adams Mill CLO, Ser 2014-1A, Cl E1
6.158%, VAR ICE LIBOR USD 3 Month+5.000%, 07/15/2026 (A)		1,000		947
AIM Aviation Finance, Ser 2015-1A, Cl B1		815		804
5.072%, 02/15/2040 (A)
Aimco CLO, Ser 2017-A		1,600		1,611
2.593%, 07/20/2029
Airplanes Pass-Through Trust, Ser 2001-1A, Cl A9
1.777%, VAR ICE LIBOR USD 1 Month+0.550%, 03/15/2019 (A)		858		62
ALM XIV, Ser 2014-14A, Cl C
4.622%, VAR ICE LIBOR USD 3 Month+3.450%, 07/28/2026 (A)		1,250		1,269
AMMC CLO XI, Ser 2012-11A, Cl SUB		2,100		1,115
0.000%, 10/30/2023 (A)
Anchorage Capital CLO 4, Ser 2017-4A, Cl A1AR
2.454%, VAR ICE LIBOR USD 3 Month+1.140%, 07/28/2026 (A)		1,500		1,506
Anchorage Credit Funding 4, Ser 2016-4A, Cl B
4.500%, 02/15/2035 (A)		1,000		1,004
Apidos CLO X, Ser 2012-10A, Cl A
2.731%, VAR ICE LIBOR USD 3 Month+1.420%, 10/30/2022 (A)		814		814
Apidos CLO XIX, Ser 2017-19A, Cl A1R
2.504%, VAR ICE LIBOR USD 3 Month+1.200%, 10/17/2026 (A)		600		600
Apollo Aviation Securitization Equity Trust, Ser 2014-1, Cl A
5.125%, 12/15/2029 (B)		3,848		3,886
Apollo Aviation Securitization Equity Trust, Ser 2014-1, Cl B
7.375%, 12/15/2029 (B)		3,673		3,700
Apollo Aviation Securitization Equity Trust, Ser 2016-2, Cl A
4.212%, 11/15/2041 to 11/15/2041		924		927
Apollo Aviation Securitization Equity Trust, Ser 2016-2, Cl B
5.926%, 11/15/2041 to 11/15/2041		1,201		1,207


264		SEI Institutional Managed Trust / Annual Report / September 30, 2017



Description	Face Amount (Thousands)		Market Value ($ Thousands)
ASSET-BACKED SECURITIES (continued)
Apollo Aviation Securitization Equity Trust, Ser 2016-2, Cl C
7.869%, 11/15/2041	$	629	$	631
0.000%, 11/15/2041		205		205
ARES XXV CLO, Ser 2013-3A, Cl SUB		750		1
0.000%, 01/17/2024 (A)
ARES XXVI CLO, Ser 2013-1A, Cl C
3.908%, VAR ICE LIBOR USD 3 Month+2.750%, 04/15/2025 (A)		750		753
Atlas Senior Loan Fund II, Ser 2012-2A, Cl SUB
0.000%, 01/30/2024 (A)		950		554
Atlas Senior Loan Fund V, Ser 2017-1A, Cl AR2
2.564%, VAR ICE LIBOR USD 3 Month+1.260%, 07/16/2029 (A)		1,700		1,712
Atrium X, Ser 2017-10A, Cl AR
2.254%, VAR ICE LIBOR USD 3 Month+0.950%, 07/16/2025 (A)		1,550		1,552
Avery Point III CLO, Ser 2013-3X, Cl COM		3,000		2,555
0.701%, 01/18/2025
B&M CLO, Ser 2014-1A, Cl A2
3.254%, VAR ICE LIBOR USD 3 Month+1.950%, 04/16/2026 (A)		450		452
Babson CLO, Ser 2012-2A, Cl SUB		3,000		619
0.000%, 05/15/2023 (A)
Babson CLO, Ser 2014-IA, Cl SUB		2,400		1,186
0.000%, 07/20/2025 (A)
Bank of America Student Loan Trust, Ser 2010-1A, Cl A
2.114%, VAR ICE LIBOR USD 3 Month+0.800%, 02/25/2043 (A)		234		235
Bayview Opportunity Master Fund IIa Trust, Ser 2017-RN5, Cl A1
3.105%, 08/28/2032 (A)		1,193		1,193
Bayview Opportunity Master Fund IIIa Trust, Ser 2017-RN7, Cl A1
3.105%, 09/28/2032 (A)(C)		1,100		1,100
Bayview Opportunity Master Fund IIIb Trust, Ser 2017-RN3, Cl A1
3.228%, 05/28/2032 (A)		718		719
Bayview Opportunity Master Fund IVb Trust, Ser 2017-NPL1, Cl A1
3.598%, 01/28/2032 (A)		974		972
Bayview Opportunity Master Fund IVb Trust, Ser 2017-RN1, Cl A1
3.598%, 02/28/2032 (A)(B)		2,135		2,149
Benefit Street Partners CLO II, Ser 2017-IIA, Cl A1R
2.554%, VAR ICE LIBOR USD 3 Month+1.250%, 07/15/2029 (A)		1,650		1,661
Brad Restructuring Trust, Ser 2014-1, Cl B		799		802
5.438%, 03/12/2026 (C)(D)



Description	Face Amount (Thousands)		Market Value ($ Thousands)
ASSET-BACKED SECURITIES (continued)
Brazos Higher Education Authority, Ser 2005-2, Cl A11
1.456%, VAR ICE LIBOR USD 3 Month+0.140%, 09/27/2021	$	106	$	106
Castlelake Aircraft Securitization Trust, Ser 2017-1, Cl A
3.967%, 07/15/2042		2,860		2,855
Catamaran CLO, Ser 2016-1A, Cl CR
4.124%, VAR ICE LIBOR USD 3 Month+2.850%, 12/20/2023 (A)		1,000		1,000
Cedar Funding II CLO, Ser 2017-1A, Cl A1R
2.547%, VAR ICE LIBOR USD 3 Month+1.230%, 06/09/2030 (A)		1,700		1,711
Cedar Funding V CLO, Ser 2016-5A, Cl A1
2.914%, VAR ICE LIBOR USD 3 Month+1.610%, 07/17/2028 (A)		2,000		2,032
Cerberus Loan Funding XVI, Ser 2016-2A, Cl C
5.104%, VAR ICE LIBOR USD 3 Month+3.800%, 11/15/2027 (A)		1,000		1,008
Cerberus Loan Funding XVII, Ser 2016-3A, Cl A
3.688%, VAR ICE LIBOR USD 3 Month+2.530%, 01/15/2028 (A)		2,000		2,010
Cerberus Onshore II CLO, Ser 2014-1A, Cl C
4.804%, VAR ICE LIBOR USD 3 Month+3.500%, 10/15/2023 (A)		142		142
4.372%, VAR ICE LIBOR USD 3 Month+3.350%, 10/15/2023 (A)		750		743
Cerberus Onshore II CLO, Ser 2014-1A, Cl D
5.304%, VAR ICE LIBOR USD 3 Month+4.000%, 10/15/2023 (A)		250		250
5.172%, VAR ICE LIBOR USD 3 Month+4.150%, 10/15/2023 (A)		750		745
Chesapeake Funding II, Ser 2017-2A, Cl A1		1,600		1,601
1.990%, 05/15/2029 (A)
CIFC Funding, Ser 2016-3A, Cl A1R
2.511%, VAR ICE LIBOR USD 3 Month+1.200%, 01/29/2025 (A)		1,891		1,893
CIT Education Loan Trust, Ser 2005-1, Cl A3
1.366%, VAR ICE LIBOR USD 3 Month+0.120%, 03/15/2026		406		405
Citigroup Mortgage Loan Trust, Ser 2005- OPT4, Cl M5
1.857%, VAR ICE LIBOR USD 1 Month+0.620%, 07/25/2035		500		497
Copper River CLO, Ser 2007-1A, Cl INC		3,000		409
0.000%, 01/20/2021 (A)
Crestline Denali CLO, Ser 2017-1A, Cl A2LR
2.971%, VAR ICE LIBOR USD 3 Month+1.600%, 10/26/2027 (A)		1,400		1,400
Crown Point CLO, Ser 2015-3A, Cl A1BR		2,000		2,000
2.269%, 12/31/2027 (C)(D)


SEI Institutional Managed Trust / Annual Report / September 30, 2017		265

SCHEDULE OF INVESTMENTS

September 30, 2017

Multi-Asset Income Fund (Continued)


Description	Face Amount (Thousands)		Market Value ($ Thousands)
ASSET-BACKED SECURITIES (continued)
Cutwater, Ser 2017-1A, Cl A1AR
2.554%, VAR ICE LIBOR USD 3 Month+1.250%, 07/15/2026 (A)	$	1,600	$	1,608
DB Master Finance, Ser 2015-1A, Cl A2II		1,024		1,047
3.980%, 02/20/2045 (A)
DIVCORE CLO, Ser 2013-1A, Cl B		416		416
5.134%, 11/15/2032
Dryden 37 Senior Loan Fund, Ser 2015-37A, Cl Q
0.211%, 04/15/2027 (A)		1,000		897
Dryden 41 Senior Loan Fund, Ser 2015-41A, Cl SUB
1.315%, 01/15/2028 (A)(B)		1,600		1,040
ECMC Group Student Loan Trust, Ser 2016-1A, Cl A
2.587%, VAR ICE LIBOR USD 1 Month+1.350%, 07/26/2066 (A)		1,002		1,002
Educational Funding of the South, Ser 2011-1, Cl A2
1.964%, VAR ICE LIBOR USD 3 Month+0.650%, 04/25/2035		439		439
EFS Volunteer No. 2, Ser 2012-1, Cl A2
2.587%, VAR ICE LIBOR USD 1 Month+1.350%, 03/25/2036 (A)		1,300		1,319
EFS Volunteer No. 3, Ser 2012-1, Cl A3
2.237%, VAR ICE LIBOR USD 1 Month+1.000%, 04/25/2033 (A)		800		800
Emerald Aviation Finance, Ser 2013-1, Cl B		1,062		1,091
6.350%, 10/15/2038 (A)
Falcon Aerospace, Ser 2017-1, Cl A		1,490		1,513
4.581%, 02/15/2042 (A)
Falcon Aerospace, Ser 2017-1, Cl B		1,153		1,163
6.300%, 02/15/2042 (A)
Fifth Street SLF II, Ser 2015-2A, Cl A2
3.980%, VAR ICE LIBOR USD 3 Month+2.810%, 09/29/2027 (A)		1,000		1,000
Flagship VII, Ser 2017-7A, Cl A1R
2.427%, VAR ICE LIBOR USD 3 Month+1.120%, 01/20/2026 (A)		1,100		1,102
Flagship VII, Ser 2017-7A, Cl CR
3.657%, VAR ICE LIBOR USD 3 Month+2.350%, 01/20/2026 (A)		1,500		1,494
Fortress Credit BSL II, Ser 2017-2A, Cl A1FR
2.456%, VAR ICE LIBOR USD 3 Month+1.150%, 10/19/2025 (A)		2,500		2,502
Fortress Credit BSL II, Ser 2017-2A, Cl CR
3.806%, VAR ICE LIBOR USD 3 Month+2.500%, 10/19/2025 (A)		1,000		1,002
Fortress Credit Investments IV, Ser 2015-4A, Cl D
4.804%, VAR ICE LIBOR USD 3 Month+3.500%, 07/17/2023 (A)		1,000		1,002


Description	Face Amount (Thousands)		Market Value ($ Thousands)
ASSET-BACKED SECURITIES (continued)
Fortress Credit Opportunities III CLO, Ser 2017-3A, Cl A1TR
2.953%, VAR ICE LIBOR USD 3 Month+1.650%, 04/28/2026 (A)	$	5,100	$	5,092
Fortress Credit Opportunities III CLO, Ser 2017-3A, Cl CR
4.403%, VAR ICE LIBOR USD 3 Month+3.100%, 04/28/2026 (A)		2,500		2,480
Fortress Credit Opportunities V CLO, Ser 2017-5A, Cl CR
4.310%, VAR ICE LIBOR USD 3 Month+3.150%, 10/15/2026 (A)		2,250		2,235
Fortress Credit Opportunities V CLO, Ser 2017-5A, Cl DR
5.554%, VAR ICE LIBOR USD 3 Month+4.250%, 10/15/2026 (A)		1,000		997
Fortress Credit Opportunities VI CLO, Ser 2015-6A, Cl D
6.317%, VAR ICE LIBOR USD 3 Month+5.000%, 10/10/2026 (A)		1,000		992
Fortress Credit Opportunities VII CLO, Ser 2016-7A, Cl B
4.270%, VAR ICE LIBOR USD 3 Month+2.950%, 12/15/2028 (A)		2,000		2,023
Galaxy XVIII CLO, Ser 2017-18A, Cl AR
2.474%, VAR ICE LIBOR USD 3 Month+1.170%, 10/15/2026 (A)		1,800		1,806
Gallatin CLO VII, Ser 2014-1A, Cl D
4.918%, VAR ICE LIBOR USD 3 Month+3.760%, 07/15/2023 (A)		500		499
Garrison Funding, Ser 2016-2A, Cl B
5.316%, VAR ICE LIBOR USD 3 Month+4.000%, 09/29/2027 (A)		1,000		998
GCAT, Ser 2017-1, Cl A1		2,455		2,445
3.375%, 03/25/2047 (A)
GCAT, Ser 2017-4, Cl A1		1,160		1,163
3.228%, 05/25/2022 (A)
GoldenTree Loan Opportunities IX, Ser 2016-9A, Cl AR
2.681%, VAR ICE LIBOR USD 3 Month+1.370%, 10/29/2026 (A)		1,850		1,850
Golub Capital Partners CLO, Ser 2014-18A, Cl C
4.656%, VAR ICE LIBOR USD 3 Month+3.500%, 04/25/2026 (A)		600		594
Golub Capital Partners CLO, Ser 2014-18A, Cl D
5.156%, VAR ICE LIBOR USD 3 Month+4.000%, 04/25/2026 (A)		300		295
Golub Capital Partners CLO, Ser 2014-21A, Cl C
4.456%, VAR ICE LIBOR USD 3 Month+3.300%, 10/25/2026 (A)		1,200		1,189


266		SEI Institutional Managed Trust / Annual Report / September 30, 2017


Description	Face Amount (Thousands)		Market Value ($ Thousands)
ASSET-BACKED SECURITIES (continued)
Golub Capital Partners CLO, Ser 2015-24A, Cl C
4.921%, VAR ICE LIBOR USD 3 Month+3.750%, 02/05/2027 (A)	$	2,000	$	1,998
Golub Capital Partners CLO, Ser 2015-25A, Cl C
4.821%, VAR ICE LIBOR USD 3 Month+3.650%, 08/05/2027 (A)		1,000		991
Golub Capital Partners CLO, Ser 2016-33A, Cl A
3.796%, VAR ICE LIBOR USD 3 Month+2.480%, 11/21/2028 (A)		2,000		1,995
Golub Capital Partners CLO, Ser 2017-16A, Cl BR
3.564%, VAR ICE LIBOR USD 3 Month+2.250%, 07/25/2029 (A)		2,000		2,027
Gramercy Park CLO, Ser 2012-1A, Cl SUB		1,100		43
2.122%, 07/17/2023 (A)(B)
Grayson CLO, Ser 2006-1A, Cl A2
1.580%, VAR ICE LIBOR USD 3 Month+0.410%, 11/01/2021 (A)		700		696
Great Lakes CLO, Ser 2012-1A		1,000		640
0.000%, 01/15/2023 (A)
Great Lakes CLO, Ser 2014-1A, Cl C
4.858%, VAR ICE LIBOR USD 3 Month+3.700%, 04/15/2025 (A)		2,500		2,476
Great Lakes CLO, Ser 2014-1A, Cl D
5.358%, VAR ICE LIBOR USD 3 Month+4.200%, 04/15/2025 (A)		500		486
GSAMP Trust, Ser 2002-HE2, Cl A1
2.276%, VAR ICE LIBOR USD 1 Month+1.040%, 10/20/2032 (A)		1,323		1,329
Halcyon Loan Advisors Funding, Ser 2012-1A, Cl B
4.182%, VAR ICE LIBOR USD 3 Month+3.000%, 08/15/2023 (A)		500		500
Halcyon Loan Advisors Funding, Ser 2012-2A, Cl C
4.124%, VAR ICE LIBOR USD 3 Month+2.850%, 12/20/2024 (A)		500		501
Halcyon Loan Advisors Funding, Ser 2013-1A, Cl A1
2.454%, VAR ICE LIBOR USD 3 Month+1.150%, 04/15/2025 (A)		495		496
Halcyon Loan Advisors Funding, Ser 2014-1A, Cl A1R
2.434%, VAR ICE LIBOR USD 3 Month+1.130%, 04/18/2026 (A)		650		651
Jamestown CLO VI, Ser 2017-6A, Cl A1AR
2.466%, VAR ICE LIBOR USD 3 Month+1.150%, 02/20/2027 (A)		1,700		1,704


Description	Face Amount (Thousands)		Market Value ($ Thousands)
ASSET-BACKED SECURITIES (continued)
Jamestown CLO X, Ser 2017-10A, Cl A1
2.720%, VAR ICE LIBOR USD 3 Month+1.250%, 07/17/2029 (A)	$	3,400	$	3,420
JPMorgan Mortgage Acquisition Trust, Ser 2007-CH5, Cl A5
1.497%, VAR ICE LIBOR USD 1 Month+0.260%, 06/25/2037		1,400		1,288
Kingsland IV, Ser 2007-4A, Cl D
2.608%, VAR ICE LIBOR USD 3 Month+1.450%, 04/16/2021 (A)		500		484
KVK CLO, Ser 2013-1A, Cl SUB		3,500		1,113
0.000%, 04/14/2025 (A)
KVK CLO, Ser 2017-2A, Cl CR
3.854%, VAR ICE LIBOR USD 3 Month+2.550%, 07/15/2026 (A)		1,250		1,254
LCM XVI, Ser 2017-16A, Cl AR
2.334%, VAR ICE LIBOR USD 3 Month+1.030%, 07/15/2026 (A)		1,700		1,703
Lime Street CLO, Ser 2007-1A, Cl D
3.774%, VAR ICE LIBOR USD 3 Month+2.500%, 06/20/2021 (A)		750		743
Marathon CLO II, Ser 2005-2A, Cl INC		750		–
0.000%, 12/20/2019 (A)(C)
MCF CLO IV, Ser 2014-1A, Cl E
7.204%, VAR ICE LIBOR USD 3 Month+5.900%, 10/15/2025 (A)		500		500
Montana Higher Education Student Assistance, Ser 2012-1, Cl A3
2.286%, VAR ICE LIBOR USD 1 Month+1.050%, 07/20/2043		700		700
Mountain Hawk II CLO, Ser 2013-2A, Cl C
3.756%, VAR ICE LIBOR USD 3 Month+2.600%, 07/22/2024 (A)		1,000		1,004
Mountain Hawk II CLO, Ser 2013-2A, Cl D
4.306%, VAR ICE LIBOR USD 3 Month+3.150%, 07/22/2024 (A)		1,000		988
Mountain View CLO, Ser 2017-1A, Cl AR
2.544%, VAR ICE LIBOR USD 3 Month+1.240%, 10/15/2026 (A)(E)		1,150		1,150
MP CLO III, Ser 2013-1A, Cl C
3.906%, VAR ICE LIBOR USD 3 Month+2.750%, 04/20/2025 (A)		1,000		1,001
Navient Student Loan Trust, Ser 2016-2, Cl A2
2.287%, VAR ICE LIBOR USD 1 Month+1.050%, 06/25/2065 (A)		750		761
Navient Student Loan Trust, Ser 2016-5A, Cl A
2.487%, VAR ICE LIBOR USD 1 Month+1.250%, 06/25/2065 (A)		2,111		2,153
Navient Student Loan Trust, Ser 2016-7A, Cl A
2.387%, VAR ICE LIBOR USD 1 Month+1.150%, 03/25/2066 (A)		1,085		1,098


SEI Institutional Managed Trust / Annual Report / September 30, 2017		267

SCHEDULE OF INVESTMENTS

September 30, 2017

Multi-Asset Income Fund (Continued)


Description	Face Amount (Thousands)		Market Value ($ Thousands)
ASSET-BACKED SECURITIES (continued)
Navient Student Loan Trust, Ser 2017-2A, Cl A
2.284%, VAR ICE LIBOR USD 1 Month+1.050%, 12/27/2066 (A)	$	2,382	$	2,414
Navient Student Loan Trust, Ser 2017-5A, Cl A
2.048%, VAR ICE LIBOR USD 1 Month+0.800%, 07/26/2066 (A)		3,600		3,602
Nelnet Student Loan Trust, Ser 2013-1, Cl A6
1.764%, VAR ICE LIBOR USD 3 Month+0.450%, 08/23/2036 (A)		1,293		1,293
NewMark Capital Funding CLO, Ser 2014-2A, Cl E
5.782%, VAR ICE LIBOR USD 3 Month+4.800%, 06/30/2026 (A)		3,000		2,843
NewStar Arlington Senior Loan Program, Ser 2014-1A, Cl C1
4.456%, VAR ICE LIBOR USD 3 Month+3.300%, 07/25/2025 (A)		1,000		991
NewStar Arlington Senior Loan Program, Ser 2014-1A, Cl D
5.406%, VAR ICE LIBOR USD 3 Month+4.250%, 07/25/2025 (A)		750		721
Newstar Commercial Loan Funding, Ser 2014-1A, Cl C
4.756%, VAR ICE LIBOR USD 3 Month+3.600%, 04/20/2025 (A)		1,500		1,485
Newstar Commercial Loan Funding, Ser 2014-1A, Cl D
5.906%, VAR ICE LIBOR USD 3 Month+4.750%, 04/20/2025 (A)		750		736
Newstar Commercial Loan Funding,
Ser 2015-1A, Cl C
5.006%, VAR ICE LIBOR USD 3 Month+3.850%, 01/20/2027 (A)		1,000		990
Newstar Commercial Loan Funding, Ser 2017-1A, Cl CN
4.774%, VAR ICE LIBOR USD 3 Month+3.500%, 03/20/2027 (A)		750		755
Newstar Trust, Ser 2012-2A, Cl D
7.557%, VAR ICE LIBOR USD 3 Month+6.250%, 01/20/2023 (A)		500		499
Northwoods Capital XIV, Ser 2017-14A, Cl CR
3.759%, VAR ICE LIBOR USD 3 Month+2.450%, 11/12/2025 (A)		1,500		1,512
NRPL Trust, Ser 2014-2A, Cl A1		653		654
3.750%, 10/25/2057 (A)(B)
NRPL Trust, Ser 2015-1A, Cl A1		1,730		1,733
3.875%, 11/01/2054 (A)
N-Star REL CDO VIII, Ser 2006-8A, Cl A2
1.597%, VAR LIBOR USD 1 Month+0.360%, 02/01/2041 (A)		1,598		1,587
NXT Capital CLO, Ser 2017-1A, Cl B
3.780%, VAR ICE LIBOR USD 3 Month+2.350%, 04/20/2029 (A)		1,000		999


Description	Face Amount (Thousands)		Market Value ($ Thousands)
ASSET-BACKED SECURITIES (continued)
OCP CLO, Ser 2014-6A, Cl B
4.258%, VAR ICE LIBOR USD 3 Month+3.100%, 07/17/2026 (A)	$	1,000	$	1,000
OCP CLO, Ser 2016-12A, Cl A1
2.874%, VAR ICE LIBOR USD 3 Month+1.570%, 10/18/2028 (A)		1,400		1,423
OCP CLO, Ser 2017-13A, Cl A1A
2.561%, VAR ICE LIBOR USD 3 Month+1.260%, 07/15/2030 (A)		1,700		1,710
OCP CLO, Ser 2017-7A, Cl A2AR
2.763%, VAR ICE LIBOR USD 3 Month+1.400%, 10/20/2026 (A)		2,000		2,000
Octagon Investment Partners 24, Ser 2017-1A, Cl A1R
2.250%, VAR ICE LIBOR USD 3 Month+0.900%, 05/21/2027 (A)		3,700		3,704
Octagon Investment Partners XIX, Ser 2017-1A, Cl AR
2.404%, VAR ICE LIBOR USD 3 Month+1.100%, 04/15/2026 (A)		1,100		1,105
Octagon Loan Funding, Ser 2014-1X, Cl COMB
0.000%, 11/18/2026		4,800		4,201
OFSI Fund VI, Ser 2014-6A, Cl A1
2.334%, VAR ICE LIBOR USD 3 Month+1.030%, 03/20/2025 (A)		650		651
OFSI Fund VII, Ser 2014-7A, Cl A
2.644%, VAR ICE LIBOR USD 3 Month+1.340%, 10/18/2026 (A)		601		602
OFSI Fund, Ser 2017-7A, Cl AR
0.000%, 10/18/2026		600		603
OHA Credit Partners IX, Ser 2013-9A, Cl ACOM
0.476%, 10/20/2025 (A)		2,000		1,777
Palmer Square Loan Funding, Ser 2017-1A, Cl A1
2.060%, VAR ICE LIBOR USD 3 Month+0.740%, 10/15/2025 (A)		1,800		1,800
Panhandle-Plains Higher Education Authority, Ser 2011-1, Cl A2
2.249%, VAR ICE LIBOR USD 3 Month+0.950%, 07/01/2024		767		768
PHEAA Student Loan Trust, Ser 2016-1A, Cl A
2.387%, VAR ICE LIBOR USD 1 Month+1.150%, 09/25/2065 (A)		1,135		1,149
Pinnacle Park CLO, Ser 2017-1A, Cl AR
2.564%, VAR ICE LIBOR USD 3 Month+1.260%, 04/15/2026 (A)		1,500		1,500
Popular ABS Mortgage Pass-Through Trust, Ser 2005-6, Cl A4
4.006%, 01/25/2036		1,000		980
Putnam Structured Product Funding, Ser 2003-1A, Cl A2
2.234%, VAR LIBOR USD 1 Month+1.000%, 10/15/2038 (A)		1,719		1,630


268		SEI Institutional Managed Trust / Annual Report / September 30, 2017


Description	Face Amount (Thousands)		Market Value ($ Thousands)
ASSET-BACKED SECURITIES (continued)
RAIT CRE CDO I, Ser 2006-1X, Cl A1B
1.561%, VAR ICE LIBOR USD 1 Month+0.330%, 11/20/2046	$	120	$	120
Raspro Trust, Ser 2005-1A, Cl B
1.932%, VAR LIBOR USD 3 Month+0.625%, 03/23/2024 (A)		4,674		4,429
Recette CLO, Ser 2017-1A, Cl AR
2.283%, VAR ICE LIBOR USD 3 Month+0.920%, 10/20/2027 (A)		2,600		2,600
Recette CLO, Ser 2017-1A, Cl BR
2.663%, VAR ICE LIBOR USD 3 Month+1.300%, 10/20/2027 (A)		1,000		1,000
Regatta V Funding, Ser 2017-1A, Cl A1AR
2.474%, VAR ICE LIBOR USD 3 Month+1.160%, 10/25/2026 (A)		1,800		1,811
Scholar Funding Trust, Ser 2011-A, Cl A
2.214%, VAR ICE LIBOR USD 3 Month+0.900%, 10/28/2043 (A)		1,403		1,400
Scholar Funding Trust, Ser 2012-B, Cl A2
2.334%, VAR ICE LIBOR USD 1 Month+1.100%, 03/28/2046 (A)		1,589		1,589
Shackleton VII CLO, Ser 2015-7A, Cl CR
4.154%, VAR ICE LIBOR USD 3 Month+2.850%, 04/15/2027 (A)		1,000		1,000
SLM Student Loan Trust, Ser 2003-7A, Cl A5A
2.520%, VAR ICE LIBOR USD 3 Month+1.200%, 12/15/2033 (A)		977		990
SLM Student Loan Trust, Ser 2004-8A, Cl A6
1.944%, VAR ICE LIBOR USD 3 Month+0.630%, 01/25/2040 (A)		650		650
SLM Student Loan Trust, Ser 2005-5, Cl A5
2.064%, VAR ICE LIBOR USD 3 Month+0.750%, 10/25/2040		250		246
SLM Student Loan Trust, Ser 2008-3, Cl A3
2.314%, VAR ICE LIBOR USD 3 Month+1.000%, 10/25/2021		556		559
SLM Student Loan Trust, Ser 2008-4, Cl A4
2.964%, VAR ICE LIBOR USD 3 Month+1.650%, 07/25/2022		370		379
SLM Student Loan Trust, Ser 2008-5, Cl A4
3.014%, VAR ICE LIBOR USD 3 Month+1.700%, 07/25/2023		1,029		1,060
SLM Student Loan Trust, Ser 2008-6, Cl A4
2.414%, VAR ICE LIBOR USD 3 Month+1.100%, 07/25/2023		700		706
SLM Student Loan Trust, Ser 2008-8, Cl A4
2.814%, VAR ICE LIBOR USD 3 Month+1.500%, 04/25/2023		400		409
Sound Point CLO VI, Ser 2017-2A, Cl A1R
2.447%, VAR ICE LIBOR USD 3 Month+1.140%, 10/20/2026 (A)		850		852


Description	Face Amount (Thousands)		Market Value ($ Thousands)
ASSET-BACKED SECURITIES (continued)
Sound Point CLO XI, Ser 2016-1A, Cl A
2.957%, VAR ICE LIBOR USD 3 Month+1.650%, 07/20/2028 (A)	$	2,800	$	2,846
Sound Point CLO XI, Ser 2016-1A, Cl B1
3.707%, VAR ICE LIBOR USD 3 Month+2.400%, 07/20/2028 (A)		800		805
Sound Point CLO XV, Ser 2017-1A, Cl A
2.703%, VAR ICE LIBOR USD 3 Month+1.390%, 01/23/2029 (A)		2,050		2,060
Stanwich Mortgage Loan Trust, Ser 2016-NPA1
3.844%, 10/16/2046 (A)(B)		1,749		1,747
TCP Waterman CLO, Ser 2016-1A, Cl A2
4.246%, VAR ICE LIBOR USD 3 Month+3.000%, 12/15/2028 (A)		1,000		1,003
TCW CLO, Ser 2017-1A, Cl A
2.715%, VAR ICE LIBOR USD 3 Month+1.280%, 07/29/2029 (A)		1,700		1,708
Telos CLO, Ser 2017-6A, Cl CR
3.904%, VAR ICE LIBOR USD 3 Month+2.600%, 01/17/2027 (A)		1,000		1,003
THL Credit Wind River CLO, Ser 2017-1A, Cl A
2.644%, VAR ICE LIBOR USD 3 Month+1.340%, 04/18/2029 (A)		1,200		1,212
TICP CLO II, Ser 2014-2A, Cl A1AR
2.467%, VAR ICE LIBOR USD 3 Month+1.160%, 07/20/2026 (A)		4,500		4,509
TICP CLO III, Ser 2014-3A, Cl AR
2.487%, VAR ICE LIBOR USD 3 Month+1.180%, 01/20/2027 (A)		1,600		1,605
TICP CLO VI, Ser 2016-6A, Cl A
2.854%, VAR ICE LIBOR USD 3 Month+1.550%, 01/15/2029 (A)		1,300		1,306
Treman Park CLO, Ser 2015-1A, Cl COM
0.000%, 04/20/2027 (A)		3,000		2,608
Trestles CLO, Ser 2017-1A, Cl A1A
2.594%, VAR ICE LIBOR USD 3 Month+1.290%, 07/25/2029 (A)		1,500		1,506
Turbine Engines Securitization, Ser 2013-1A, Cl A
5.125%, 12/13/2048 (A)		779		766
Turbine Engines Securitization, Ser 2013-1A, Cl B
6.375%, 12/13/2048 (A)		502		482
Venture XIX CLO, Ser 2016-19A, Cl CR
4.154%, VAR ICE LIBOR USD 3 Month+2.850%, 01/15/2027 (A)		1,000		998
Venture XVI CLO, Ser 2017-16A, Cl A1R
2.424%, VAR ICE LIBOR USD 3 Month+1.120%, 04/15/2026 (A)		1,000		1,002
VOLT LIV, Ser 2017-NPL1, Cl A1
3.500%, 02/25/2047 (A)		1,482		1,491


SEI Institutional Managed Trust / Annual Report / September 30, 2017		269

SCHEDULE OF INVESTMENTS

September 30, 2017

Multi-Asset Income Fund (Continued)


Description		Face Amount (Thousands)		Market Value ($ Thousands)
ASSET-BACKED SECURITIES (continued)
Voya CLO, Ser 2017-4A, Cl A1R
2.254%, VAR ICE LIBOR USD 3
Month+0.950%, 10/14/2026 (A)	$	2,500	$	2,506
Wachovia Asset Securitization Issuance II, Ser 2007-HE1, Cl A
1.377%, VAR ICE LIBOR USD 1
Month+0.140%, 07/25/2037 (A)		619		541
West CLO, Ser 2013-1A, Cl SUB
0.000%, 11/07/2025 (A)		1,350		615
WhiteHorse VIII, Ser 2014-1A, Cl C
3.920%, VAR ICE LIBOR USD 3
Month+2.750%, 05/01/2026 (A)		1,000		1,000
Willis Engine Securitization Trust II, Ser 2012- A, Cl A
5.500%, 09/15/2037 (A)		1,355		1,348
Woodmont Trust, Ser 2017-2A, Cl B
3.579%, VAR ICE LIBOR USD 3
Month+2.350%, 07/18/2028 (A)		2,400		2,425
Woodmont Trust, Ser 2017-3A, Cl B
3.495%, VAR ICE LIBOR USD 3
Month+2.250%, 10/18/2029 (A)		1,000		1,000
York CLO 1, Ser 2017-1A, Cl AR
2.463%, VAR ICE LIBOR USD 3
Month+1.150%, 01/22/2027 (A)		1,800		1,805

				263,642


Total Asset-Backed Securities (Cost $276,012) ($ Thousands)				265,191


CORPORATE OBLIGATIONS — 18.8%
Consumer Discretionary — 1.3%
21st Century Fox America
4.950%, 10/15/2045		250		274
Altice Financing
7.500%, 05/15/2026 (A)		1,500		1,650
AMC Entertainment Holdings
5.750%, 06/15/2025		850		835
AMC Networks
5.000%, 04/01/2024		400		413
Cablevision
6.500%, 06/15/2021 (A)		150		160
Carrols Restaurant Group
8.000%, 05/01/2022		350		372
CCO Holdings
5.750%, 02/15/2026 (A)		675		708
Cengage Learning
9.500%, 06/15/2024 (A)		150		130
Charter Communications Operating
6.484%, 10/23/2045		50		59
4.908%, 07/23/2025		1,150		1,229
Clear Channel Worldwide Holdings
6.500%, 11/15/2022		550		564


		Face Amount		Market Value
Description		(Thousands)		($ Thousands)
CORPORATE OBLIGATIONS (continued)
Comcast
3.375%, 08/15/2025	$	300	$	310
Discovery Communications
3.950%, 03/20/2028		1,150		1,142
Ford Motor Credit
5.875%, 08/02/2021		350		389
General Motors
3.500%, 10/02/2018		250		254
Gray Television
5.125%, 10/15/2024 (A)		250		251
MDC Partners
6.500%, 05/01/2024 (A)		250		252
Nexstar Broadcasting
5.625%, 08/01/2024 (A)		200		207
Schaeffler Finance
4.750%, 05/15/2023 (A)		1,025		1,057
SFR Group
7.375%, 05/01/2026 (A)		400		432
Sirius XM Radio
5.375%, 04/15/2025 (A)		400		422
4.625%, 05/15/2023 (A)		250		257
Universal Entertainment MTN
8.500% cash/8.500% PIK, 08/24/2020 (A)		250		255
Virgin Media Secured Finance
5.000%, 04/15/2027	GBP	800		1,104


				12,726


Consumer Staples — 0.5%
Anheuser-Busch InBev Finance
4.900%, 02/01/2046	$	725		819
Anheuser-Busch InBev Worldwide
4.950%, 01/15/2042		300		340
BAT International Finance
3.950%, 06/15/2025 (A)		425		443
2.750%, 06/15/2020 (A)		350		355
Beverages & More
11.500%, 06/15/2022 (A)		100		94
Central American Bottling
5.750%, 01/31/2027 (A)		180		190
CVS Health
5.125%, 07/20/2045		150		173
3.875%, 07/20/2025		332		346
Kraft Heinz Foods
4.375%, 06/01/2046		300		297
3.500%, 07/15/2022		350		362
Lindley
4.625%, 04/12/2023		190		196
Reynolds American
5.850%, 08/15/2045		250		306
4.450%, 06/12/2025		425		455


270		SEI Institutional Managed Trust / Annual Report / September 30, 2017


Description		Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Sysco
4.850%, 10/01/2045	$	150	$	165
3.750%, 10/01/2025		350		363

				4,904


Energy — 3.3%
Antero Resources
5.125%, 12/01/2022		1,050		1,074
Apache
4.750%, 04/15/2043		350		350
4.250%, 01/15/2044		350		329
BreitBurn Energy Partners
9.250%, 05/18/2020 (C)(D)(E)		813		771
Cheniere Energy Partners
5.250%, 10/01/2025 (A)		635		649
Chesapeake Energy
8.000%, 01/15/2025 (A)		750		757
ConocoPhillips
4.950%, 03/15/2026		500		564
3.350%, 11/15/2024		350		360
DCP Midstream Operating
5.600%, 04/01/2044		700		653
Devon Energy
5.850%, 12/15/2025		800		922
3.250%, 05/15/2022		200		203
Dolphin Energy
5.500%, 12/15/2021		220		242
Enterprise Products Operating
3.750%, 02/15/2025		500		518
3.700%, 02/15/2026		300		308
FTS International
8.820%, VAR ICE LIBOR USD 3
Month+7.500%, 06/15/2020 (A)		675		686
Gazprom OAO Via Gaz Capital
9.250%, 04/23/2019		310		339
Gazprom OAO Via Gaz Capital MTN
7.288%, 08/16/2037		200		243
GNL Quintero
4.634%, 07/31/2029		400		419
Greenko Dutch BV
4.875%, 07/24/2022 (A)		370		375
Hess
7.300%, 08/15/2031		350		409
6.000%, 01/15/2040		700		725
5.600%, 02/15/2041		300		301
4.300%, 04/01/2027		450		446
KazMunayGas National JSC MTN
9.125%, 07/02/2018		600		628
Kinder Morgan
5.050%, 02/15/2046		175		179
Neerg Energy
6.000%, 02/13/2022 (A)		400		412


Description		Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
Noble Holding International
6.050%, 03/01/2041	$	900	$	614
Petrobras Global Finance BV
7.375%, 01/17/2027		90		99
6.125%, 01/17/2022		730		785
5.999%, 01/27/2028 (A)		1,184		1,183
5.299%, 01/27/2025 (A)		340		339
Petroleos de Venezuela
6.000%, 10/28/2022		8,860		2,499
6.000%, 05/16/2024		4,870		1,481
6.000%, 11/15/2026		1,500		455
5.500%, 04/12/2037		130		39
5.375%, 04/12/2027		1,050		315
Petroleos Mexicanos
6.500%, 03/13/2027 (A)		420		465
6.375%, 02/04/2021		220		241
6.375%, 01/23/2045		30		31
5.500%, 06/27/2044		70		65
5.375%, 03/13/2022 (A)		180		192
4.875%, 01/24/2022		10		11
3.500%, 07/23/2020		100		102
Petroleos Mexicanos MTN
6.875%, 08/04/2026		700		796
6.750%, 09/21/2047 (A)		340		362
6.500%, 03/13/2027 (A)		370		410
5.125%, 03/15/2023	EUR	940		1,273
4.875%, 02/21/2028		410		521
Plains All American Pipeline
3.650%, 06/01/2022	$	900		905
3.600%, 11/01/2024		175		171
Schahin II Finance
5.875%, 09/25/2022 (A)(E)		1,737		174
SM Energy
6.750%, 09/15/2026		200		200
5.000%, 01/15/2024		775		730
Sunoco Logistics Partners Operations
4.000%, 10/01/2027		1,400		1,395
TOTAL MTN
2.625%, VAR EUR Swap Annual 5
Yr+2.148%, 12/29/2049	EUR	800		959
Trinidad Drilling
6.625%, 02/15/2025 (A)	$	200		187
Weatherford International
6.500%, 08/01/2036		150		129
Western Gas Partners
4.000%, 07/01/2022		200		207
Whiting Petroleum
5.750%, 03/15/2021		100		98
5.000%, 03/15/2019		425		425
Williams Partners
3.600%, 03/15/2022		1,700		1,756


SEI Institutional Managed Trust / Annual Report / September 30, 2017			271

SCHEDULE OF INVESTMENTS

September 30, 2017

Multi-Asset Income Fund (Continued)


Description		Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
YPF
8.875%, 12/19/2018	$	130	$	139


				32,615

Financials — 7.4%
American Equity Investment Life Holding
5.000%, 06/15/2027		2,300		2,384
ASP AMC
8.000%, 05/15/2025 (A)		1,000		962
AXA
6.463%, VAR ICE LIBOR USD 3
Month+1.449%, 12/14/2018 (A)		100		103
6.463%, VAR ICE LIBOR USD 3
Month+1.449%, 12/29/2049		1,150		1,177
Banco Bilbao Vizcaya Argentaria
7.000%, VAR EUR Swap Annual 5
Yr+6.155%, 12/31/2049	EUR	600		739
Banco de Bogota
6.250%, 05/12/2026 (A)	$	580		633
4.375%, 08/03/2027 (A)		200		202
Banco Mercantil del Norte
7.625%, VAR US Treas Yield Curve Rate
T Note Const Mat 10 Yr+5.353%, 12/31/2049 (A)		340		371
Banco Regional SAECA
8.125%, 01/24/2019		290		307
Banco Santander
4.250%, 04/11/2027		800		830
Bank of America
6.500%, VAR ICE LIBOR USD 3
Month+4.174%, 12/31/2049		975		1,102
6.300%, VAR ICE LIBOR USD 3
Month+4.553%, 12/29/2049		1,975		2,232
6.250%, VAR ICE LIBOR USD 3
Month+3.705%, 09/29/2049		150		166
6.100%, VAR ICE LIBOR USD 3
Month+3.898%, 12/29/2049		3,425		3,776
Bank of America MTN
4.000%, 04/01/2024		650		687
3.824%, VAR ICE LIBOR USD 3
Month+1.575%, 01/20/2028		1,300		1,336
Bank of New York Mellon
4.625%, VAR ICE LIBOR USD 3
Month+3.131%, 12/29/2049		1,550		1,581
Barclays
7.875%, VAR USD Swap Semi 30/360 5
Year Curr+6.772%, 12/29/2049		1,650		1,797
CaixaBank
6.750%, VAR EUR Swap Annual 5
Yr+6.498%, 12/31/2049	EUR	600		753
China Evergrande Group
8.250%, 03/23/2022	$	400		414


Description		Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
CIC Receivables Master Trust
4.890%, 10/07/2021 (C)(D)	$	2,228	$	2,289
Citigroup
6.250%, VAR ICE LIBOR USD 3
Month+4.517%, 12/29/2049		3,645		4,101
5.950%, VAR ICE LIBOR USD 3
Month+3.905%, 12/31/2049		350		378
5.950%, VAR ICE LIBOR USD 3
Month+4.068%, 12/29/2049		1,120		1,205
5.950%, VAR ICE LIBOR USD 3
Month+4.095%, 12/29/2049		700		738
5.900%, VAR ICE LIBOR USD 3
Month+4.230%, 12/29/2049		675		727
Citizens Financial Group
5.500%, VAR ICE LIBOR USD 3
Month+3.960%, 12/29/2049		500		521
CoBank ACB
6.250%, VAR ICE LIBOR USD 3
Month+4.660%, 12/29/2049		250		276
Credit Suisse Group
6.250%, VAR USD Swap Semi 30/360
5 Year Curr+3.455%, 12/31/2049 (A)		200		213
Deutsche Bank
4.500%, 04/01/2025		1,600		1,605
Encore Capital Group
5.625%, 08/11/2024 (C)(D)		3,200		3,188
FBM Finance
8.250%, 08/15/2021 (A)		600		642
Goldman Sachs Group
5.300%, VAR ICE LIBOR USD 3
Month+3.834%, 12/29/2049		2,850		3,060
Greystar Real Estate Partners
8.250%, 12/01/2022 (A)		625		667
HSBC Holdings MTN
4.750%, VAR EUR Swap Annual 5
Yr+3.844%, 12/31/2049	EUR	750		909
International Lease Finance
7.125%, 09/01/2018 (A)	$	500		524
Intesa Sanpaolo MTN
5.017%, 06/26/2024 (A)		775		788
Itau CorpBanca
3.875%, 09/22/2019		250		258
Jefferies Finance
7.250%, 08/15/2024 (A)		850		852
JPMorgan Chase
6.125%, VAR ICE LIBOR USD 3
Month+3.330%, 12/29/2049		200		220
6.100%, VAR ICE LIBOR USD 3
Month+3.330%, 10/29/2049		2,150		2,373
6.000%, VAR ICE LIBOR USD 3
Month+3.300%, 12/29/2049		1,400		1,523
5.300%, VAR ICE LIBOR USD 3
Month+3.800%, 12/31/2049		800		834


272		SEI Institutional Managed Trust / Annual Report / September 30, 2017


Description		Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
5.000%, VAR ICE LIBOR USD 3
Month+3.320%, 12/29/2049	$	900	$	915
KeyCorp
5.000%, VAR ICE LIBOR USD 3
Month+3.606%, 12/29/2049		950		983
MetLife
10.750%, 08/01/2039		850		1,422
Morgan Stanley
5.550%, VAR ICE LIBOR USD 3
Month+3.810%, 12/29/2049		1,050		1,094
3.625%, 01/20/2027		900		912
Morgan Stanley MTN
3.950%, 04/23/2027		600		610
3.700%, 10/23/2024		900		933
Navient MTN
5.500%, 01/15/2019		600		620
NewStar Financial
7.250%, 05/01/2020 (A)		200		206
Royal Bank of Scotland Group
3.655%, VAR ICE LIBOR USD 3
Month+2.320%, 09/29/2027		2,100		2,011
Sberbank of Russia Via SB Capital
5.500%, VAR US Treas Yield
Curve Rate T Note Const Mat 5 Yr+4.023%, 02/26/2024		200		204
TC Ziraat Bankasi MTN
5.125%, 09/29/2023 (A)		200		200
TSG Entertainment Finance
6.250%, 09/22/2031 (C)(D)		3,400		3,482
UniCredit
8.000%, VAR USD Swap Semi 30/360 5 Year Curr+5.180%, 04/03/2049		1,050		1,106
US Bancorp
5.300%, VAR ICE LIBOR USD 3
Month+2.914%, 12/29/2049		450		491
Voya Financial
5.650%, VAR ICE LIBOR USD 3
Month+3.580%, 05/15/2053		1,150		1,221
Wells Fargo
5.900%, VAR ICE LIBOR USD 3
Month+3.110%, 12/29/2049		2,300		2,504
5.875%, VAR ICE LIBOR USD 3
Month+3.990%, 12/29/2049		2,725		3,033
Westpac Banking
5.000%, VAR USD ICE Swap 11:00 NY 5
Yr+2.888%, 09/21/2065		850		849

				72,239

Health Care — 1.2%
Allergan Funding SCS
3.800%, 03/15/2025		1,325		1,376
Becton Dickinson
3.363%, 06/06/2024		1,300		1,312


Description		Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
2.894%, 06/06/2022	$	1,300	$	1,304
Celgene
3.625%, 05/15/2024		700		729
CHS
8.000%, 11/15/2019		400		390
Endo Finance
6.000%, 02/01/2025 (A)		400		324
Fresenius Medical Care US Finance II
4.750%, 10/15/2024 (A)		200		217
HCA
5.000%, 03/15/2024		1,175		1,251
Mylan
3.950%, 06/15/2026		1,575		1,604
UnitedHealth Group
4.750%, 07/15/2045		200		231
Valeant Pharmaceuticals International
5.375%, 03/15/2020 (A)		2,950		2,946

				11,684

Industrials — 0.6%
AerCap Ireland Capital
4.625%, 07/01/2022		1,400		1,500
Aeropuertos Dominicanos Siglo XXI
6.750%, 03/30/2029 (A)		350		378
Great Lakes Dredge & Dock
8.000%, 05/15/2022		150		156
Hapag-Lloyd
5.125%, 07/15/2024 (A)	EUR	900		1,100
Multi-Color
4.875%, 11/01/2025 (A)	$	350		354
Norican
4.500%, 05/15/2023	EUR	450		536
Princess Juliana International Airport Operating
5.500%, 12/20/2027 (A)(C)(D)	$	862		864
StandardAero Aviation Holdings
10.000%, 07/15/2023 (A)		495		548

				5,436

Information Technology — 0.9%
Apple
4.650%, 02/23/2046		25		28
3.850%, 05/04/2043		400		403
Broadcom
3.875%, 01/15/2027 (A)		1,000		1,030
3.625%, 01/15/2024 (A)		900		925
CURO Financial Technologies
12.000%, 03/01/2022 (A)		1,100		1,182
Dell International
5.450%, 06/15/2023 (A)		1,250		1,368
EIG Investors
10.875%, 02/01/2024		100		110


SEI Institutional Managed Trust / Annual Report / September 30, 2017		273

SCHEDULE OF INVESTMENTS

September 30, 2017

Multi-Asset Income Fund (Continued)


		Face Amount		Market Value
Description		(Thousands)		($ Thousands)
CORPORATE OBLIGATIONS (continued)
Fidelity National Information Services
5.000%, 10/15/2025	$	84	$	94
First Data
5.000%, 01/15/2024 (A)		150		156
Hewlett Packard Enterprise
4.900%, 10/15/2025		600		635
Micron Technology
7.500%, 09/15/2023		1,475		1,639
Qorvo
6.750%, 12/01/2023		250		272
QUALCOMM
2.900%, 05/20/2024		600		602

				8,444

Materials — 1.1%
ARD Finance
6.625% cash/7.375% PIK, 09/15/2023	EUR	750		944
Ardagh Packaging Finance
4.750%, 07/15/2027	GBP	700		945
BHP Billiton Finance USA
6.750%, VAR USD Swap Semi 30/360 5
Year Curr+5.093%, 10/19/2075 (A)	$	1,900		2,237
Big River Steel
7.250%, 09/01/2025 (A)		400		424
Brazil Minas SPE via State of Minas Gerais
5.333%, 02/15/2028		800		812
Glencore Funding
4.000%, 04/16/2025 (A)		300		305
4.000%, 03/27/2027 (A)		525		528
Metinvest BV
9.373% cash/9.372% PIK, 12/31/2021		214		216
Mirabela Nickel
1.000%, 07/31/2044 (C)		3		–
Severstal OAO Via Steel Capital
6.700%, 10/25/2017		200		201
Sherwin-Williams
3.450%, 06/01/2027		1,850		1,863
Sociedad Quimica y Minera de Chile
4.375%, 01/28/2025		220		227
Valvoline
4.375%, 08/15/2025 (A)		500		509
Yamana
4.950%, 07/15/2024		1,900		1,948

				11,159

Real Estate — 0.2%
American Tower
3.300%, 02/15/2021		350		359
DuPont Fabros Technology
5.625%, 06/15/2023		200		213
Hospitality Properties Trust
5.250%, 02/15/2026		500		536


		Face Amount		Market Value
Description		(Thousands)		($ Thousands)
CORPORATE OBLIGATIONS (continued)
iStar
4.625%, 09/15/2020	$	530	$	542
VEREIT Operating Partnership
4.875%, 06/01/2026		400		428

				2,078


Telecommunication Services — 1.9%
AT&T
4.250%, 03/01/2027		900		926
Comcel Trust via Comunicaciones Celulares
6.875%, 02/06/2024		200		213
Digicel
6.000%, 04/15/2021		400		390
Digicel Group
6.750%, 03/01/2023 (A)		320		314
GTH Finance BV
7.250%, 04/26/2023		220		250
Intelsat Jackson Holdings
9.750%, 07/15/2025 (A)		650		657
7.250%, 10/15/2020		3,070		2,955
5.500%, 08/01/2023		850		720
Intelsat Luxembourg
8.125%, 06/01/2023		50		31
Mauritius Investment
6.500%, 10/13/2026 (A)		320		344
Millicom International Cellular
5.125%, 01/15/2028 (A)		280		282
SoftBank Group
5.250%, 07/30/2027	EUR	850		1,134
Sprint
7.875%, 09/15/2023	$	950		1,102
Sprint Communications
11.500%, 11/15/2021		650		826
7.000%, 03/01/2020 (A)		600		656
7.000%, 08/15/2020		500		547
Telecom Italia
5.303%, 05/30/2024 (A)		1,750		1,903
Telecom Italia Capital
6.000%, 09/30/2034		500		553
Telefonica Europe BV
5.875%, VAR EUR Swap Annual 10
Yr+4.301%, 03/31/2049	EUR	800		1,090
Verizon Communications
5.150%, 09/15/2023	$	525		588
4.862%, 08/21/2046		275		279
Wind Acquisition Finance
7.375%, 04/23/2021 (A)		1,794		1,866
Windstream Services
7.750%, 10/15/2020		675		540
7.750%, 10/01/2021		650		481

				18,647


274		SEI Institutional Managed Trust / Annual Report / September 30, 2017


		Face Amount		Market Value
Description		(Thousands)		($ Thousands)
CORPORATE OBLIGATIONS (continued)
Utilities — 0.4%
Electricite de France MTN
4.125%, VAR EUR Swap Annual 8 Yr+2.441%, 01/29/2049	EUR	800	$	1,015
Enel
8.750%, VAR USD Swap Semi 30/360 5 Year Curr+5.880%, 09/24/2073 (A)	$	200		242
7.750%, VAR GBP Swap 5 Yr+5.662%, 09/10/2075	GBP	200		307
Ferrellgas
6.750%, 01/15/2022	$	100		97
6.750%, 06/15/2023		1,100		1,062
6.500%, 05/01/2021		1,000		970
Greenko Investment
4.875%, 08/16/2023 (A)		410		406
Minejesa Capital BV
4.625%, 08/10/2030 (A)		310		316
				4,415
Total Corporate Obligations (Cost $180,339) ($ Thousands)				184,347

		Shares
COMMON STOCK — 11.9%
Consumer Discretionary — 1.4%
Advance Auto Parts		369		37
Amazon.com, Cl A *		2,127		2,045
Autozone *		141		84
Best Buy		1,324		75
BorgWarner		996		51
CarMax *		924		70
Carnival		2,089		135
CBS, Cl B		1,838		107
Cengage Learning Holdings II *		5,114		42
Charter Communications, Cl A *		1,081		393
Chipotle Mexican Grill, Cl A *		143		44
Coach		1,398		56
Comcast, Cl A		25,144		968
Darden Restaurants		621		49
Delphi Automotive		1,454		143
Discovery Communications, Cl A *		684		15
Discovery Communications, Cl C *		1,052		21
DISH Network, Cl A *		1,135		62
Dollar General		1,431		116
Dollar Tree *		1,302		113
DR Horton		1,697		68
Expedia		607		87
Foot Locker, Cl A		655		23
Ford Motor		21,118		253
Gap		1,157		34
Garmin		581		31
General Motors		6,854		277


			Market Value
Description	Shares		($ Thousands)
COMMON STOCK (continued)
Genuine Parts	736	$	70
Goodyear Tire & Rubber	1,197		40
H&R Block	1,034		27
Hanesbrands	1,818		45
Harley-Davidson, Cl A	874		42
Hasbro	562		55
Hilton Worldwide Holdings	1,023		71
Home Depot	6,300		1,030
Interpublic Group	1,972		41
Kohl’s	880		40
L Brands	1,413		59
Leggett & Platt	640		31
Lennar, Cl A	1,014		54
LKQ *	1,539		55
Lowe’s	4,540		363
Macy’s	1,471		32
Marriott International, Cl A	1,698		187
Mattel	1,637		25
McDonald’s	4,336		679
MGM Mirage	2,864		93
Michael Kors Holdings *	778		37
Mohawk Industries *	315		78
NetFlix *	2,319		421
Newell Brands, Cl B	2,694		115
News, Cl A	1,950		26
News, Cl B	450		6
Nike, Cl B	7,063		366
Nordstrom	555		26
Omnicom Group	1,162		86
O’Reilly Automotive *	454		98
Priceline Group *	263		482
PulteGroup	1,417		39
PVH	389		49
Ralph Lauren, Cl A	275		24
Ross Stores	2,127		137
Royal Caribbean Cruises	946		112
Scripps Networks Interactive, Cl A	461		40
Signet Jewelers	341		23
Starbucks	7,753		416
Target, Cl A	2,967		175
Tiffany	535		49
Time Warner	4,176		428
TJX	3,435		253
Tractor Supply	639		41
TripAdvisor *	551		22
Twenty-First Century Fox, Cl A	5,732		151
Twenty-First Century Fox, Cl B	2,213		57
Ulta Beauty *	291		66
Under Armour, Cl A *	922		15
Under Armour, Cl C *	920		14
VF	1,795		114
Viacom, Cl B	1,758		49


SEI Institutional Managed Trust / Annual Report / September 30, 2017		275

SCHEDULE OF INVESTMENTS

September 30, 2017

Multi-Asset Income Fund (Continued)


			Market Value
Description	Shares		($ Thousands)
COMMON STOCK (continued)
Walt Disney	8,255	$	814
Whirlpool	367		68
Wyndham Worldwide	521		55
Wynn Resorts	399		59
Yum! Brands	1,883		139
			13,588
Consumer Staples — 1.0%
Altria Group	10,272		651
Archer-Daniels-Midland	3,075		131
Brown-Forman, Cl B	1,106		60
Campbell Soup	957		45
Church & Dwight	1,244		60
Clorox	643		85
Coca-Cola	20,521		924
Colgate-Palmolive	4,738		345
Conagra Brands	2,316		78
Constellation Brands, Cl A	933		186
Costco Wholesale	2,357		387
Coty, Cl A	2,351		39
CVS Health	5,456		444
Dr Pepper Snapple Group	917		81
Estee Lauder, Cl A	1,224		132
General Mills	3,139		162
Hershey	699		76
Hormel Foods	1,346		43
JM Smucker	618		65
Kellogg	1,259		79
Kimberly-Clark	1,911		225
Kraft Heinz	3,223		250
Kroger	4,555		91
McCormick	669		69
Molson Coors Brewing, Cl B	922		75
Mondelez International, Cl A	8,114		330
Monster Beverage *	2,271		125
PepsiCo	7,639		851
Philip Morris International	8,303		922
Procter & Gamble	13,619		1,239
Sysco, Cl A	2,650		143
Tyson Foods, Cl A	1,503		106
Walgreens Boots Alliance	4,945		382
Wal-Mart Stores	7,839		613
			9,494
Energy — 0.9%
Anadarko Petroleum, Cl A	3,053		149
Andeavor	754		78
Apache	1,898		87
Approach Resources, Cl A *	88,320		222
Baker Hughes a GE	2,371		87
Breitburn Energy Partners *(C)(D)	62,847		10
Cabot Oil & Gas	2,323		62


			Market Value
Description	Shares		($ Thousands)
COMMON STOCK (continued)
Chesapeake Energy *	3,807	$	16
Chevron	10,122		1,189
Cimarex Energy	475		54
Concho Resources *	818		108
ConocoPhillips	6,550		328
Devon Energy	2,624		96
EOG Resources	3,111		301
EQT	865		56
ExxonMobil	22,611		1,854
Halliburton	4,699		216
Helmerich & Payne	533		28
Hess	1,349		63
Kinder Morgan	10,399		199
Marathon Oil	4,248		58
Marathon Petroleum	2,589		145
National Oilwell Varco, Cl A	1,849		66
Newfield Exploration *	1,012		30
Noble Energy	2,715		77
Occidental Petroleum	4,125		265
Oneok	2,085		116
Phillips 66	2,326		213
Pioneer Natural Resources	929		137
Range Resources	939		18
SandRidge Energy *	59,467		1,195
Schlumberger, Cl A	7,450		520
TechnipFMC	2,302		64
Titan Energy *	13,743		62
Valero Energy	2,398		184
Whiting Petroleum *	10,885		59
Williams	4,515		136
			8,548
Financials — 1.7%
Affiliated Managers Group	283		54
Aflac	2,146		175
Allstate	1,962		180
American Express	3,947		357
American International Group	4,868		299
Ameriprise Financial	761		113
Aon	1,378		201
Arthur J. Gallagher	896		55
Assurant	273		26
Bank of America	52,399		1,328
Bank of New York Mellon	5,568		295
BB&T	4,379		206
Berkshire Hathaway, Cl B *	10,267		1,882
BlackRock	668		299
Brighthouse Financial *	557		34
Capital One Financial	2,618		222
CBOE Holdings	568		61
Charles Schwab	6,428		281
Chubb	2,503		357


276		SEI Institutional Managed Trust / Annual Report / September 30, 2017


			Market Value
Description	Shares		($ Thousands)
COMMON STOCK (continued)
Cincinnati Financial	748	$	57
Citigroup	14,560		1,059
Citizens Financial Group	2,528		96
CME Group	1,836		249
Comerica	878		67
Discover Financial Services	1,898		122
ETrade Financial	1,371		60
Everest Re Group	204		47
Fifth Third Bancorp	3,745		105
Franklin Resources	1,709		76
Goldman Sachs Group	1,931		458
Hartford Financial Services Group	1,834		102
Huntington Bancshares	5,426		76
Intercontinental Exchange	3,185		219
Invesco	2,155		75
JPMorgan Chase	18,779		1,794
KeyCorp	5,471		103
Leucadia National	1,616		41
Lincoln National	1,119		82
Loews	1,463		70
M&T Bank	768		124
Marsh & McLennan	2,771		232
MetLife	5,728		298
Moody’s	910		127
Morgan Stanley	7,604		366
Nasdaq, Cl A	569		44
Navient	1,422		21
Northern Trust	1,077		99
People’s United Financial	1,719		31
PNC Financial Services Group	2,578		347
Principal Financial Group, Cl A	1,338		86
Progressive	3,171		154
Prudential Financial	2,307		245
Raymond James Financial	638		54
Regions Financial	6,000		91
S&P Global	1,391		217
State Street	2,028		194
SunTrust Banks	2,616		156
Synchrony Financial	3,844		119
T. Rowe Price Group	1,319		120
Torchmark, Cl A	543		43
Travelers	1,498		184
Unum Group	1,139		58
US Bancorp	8,528		457
Wells Fargo	23,858		1,316
Willis Towers Watson	738		114
XL Group	1,305		51
Zions Bancorporation	1,024		48
			16,779

Health Care — 1.7%
Abbott Laboratories	9,319		497


			Market Value
Description	Shares		($ Thousands)
COMMON STOCK (continued)
AbbVie	8,530	$	758
Aetna, Cl A	1,789		285
Agilent Technologies	1,764		113
Alexion Pharmaceuticals *	1,212		170
Align Technology *	377		70
Allergan	1,797		368
AmerisourceBergen, Cl A	828		69
Amgen, Cl A	3,905		728
Anthem	1,417		269
Baxter International	2,724		171
Becton Dickinson	1,230		241
Biogen *	1,137		356
Boston Scientific *	7,427		217
Bristol-Myers Squibb	8,789		560
C.R. Bard	398		128
Cardinal Health	1,736		116
Celgene, Cl A *	4,191		611
Centene *	860		83
Cerner *	1,727		123
Cigna	1,360		254
Cooper, Cl A	243		58
DaVita *	756		45
DENTSPLY SIRONA	1,127		67
Edwards Lifesciences, Cl A *	1,156		126
Eli Lilly	5,201		445
Envision Healthcare *	559		25
Express Scripts Holding *	3,131		198
Gilead Sciences	6,997		567
HCA Healthcare *	1,584		126
Henry Schein *	792		65
Hologic *	1,371		50
Humana	784		191
Idexx Laboratories *	440		68
Illumina *	795		158
Incyte *	941		110
Intuitive Surgical *	202		211
Johnson & Johnson	14,322		1,862
Laboratory Corp of America Holdings *	511		77
McKesson	1,142		175
Medtronic	7,259		565
Merck	14,621		936
Mettler Toledo International *	129		81
Mylan *	2,702		85
Patterson	384		15
PerkinElmer	524		36
Perrigo	715		61
Pfizer	31,882		1,138
Quest Diagnostics	721		68
Quintiles IMS Holdings *	843		80
Regeneron Pharmaceuticals *	417		186
ResMed	698		54
Stryker	1,738		247


SEI Institutional Managed Trust / Annual Report / September 30, 2017		277

SCHEDULE OF INVESTMENTS

September 30, 2017

Multi-Asset Income Fund (Continued)


			Market Value
Description	Shares		($ Thousands)
COMMON STOCK (continued)
Thermo Fisher Scientific	2,150	$	407
UnitedHealth Group	5,168		1,012
Universal Health Services, Cl B	446		50
Varian Medical Systems *	459		46
Vertex Pharmaceuticals *	1,366		208
Waters *	399		72
Zimmer Biomet Holdings	1,107		130
Zoetis, Cl A	2,668		170
			16,458

Industrials — 1.2%
3M	3,195		671
Acuity Brands	241		41
Alaska Air Group	617		47
Allegion	522		45
American Airlines Group	2,184		104
Ametek	1,148		76
AO Smith	801		48
Arconic	2,180		54
Boeing	2,973		756
C.H. Robinson Worldwide	703		53
Caterpillar, Cl A	3,175		396
Cintas	431		62
CSX	4,929		267
Cummins	860		145
Danaher, Cl A	3,296		283
Deere	1,731		217
Delta Air Lines, Cl A	3,619		175
Dover	823		75
Eaton	2,413		185
Emerson Electric	3,463		218
Equifax	600		64
Expeditors International of Washington	899		54
Fastenal, Cl A	1,444		66
FedEx	1,330		300
Flowserve	668		28
Fluor	675		28
Fortive	1,673		118
Fortune Brands Home & Security	768		52
General Dynamics	1,500		308
General Electric	46,250		1,118
Honeywell International	4,085		579
IHS Markit *	1,830		81
Illinois Tool Works	1,673		248
Ingersoll-Rand	1,390		124
Jacobs Engineering Group	586		34
JB Hunt Transport Services	434		48
Johnson Controls International	5,051		204
Kansas City Southern	529		57
L3 Technologies	389		73
Lockheed Martin	1,346		418
Masco	1,597		62


			Market Value
Description	Shares		($ Thousands)
COMMON STOCK (continued)
Nielsen Holdings	1,676	$	69
Norfolk Southern	1,561		206
Northrop Grumman	940		270
PACCAR	1,919		139
Parker-Hannifin, Cl A	728		127
Pentair	837		57
Quanta Services *	739		28
Raytheon	1,565		292
Republic Services	1,147		76
Robert Half International	667		34
Rockwell Automation	703		125
Rockwell Collins	892		117
Roper Technologies	558		136
Snap-on	289		43
Southwest Airlines, Cl A	2,995		168
Stanley Black & Decker	838		127
Stericycle, Cl A *	410		29
Textron	1,415		76
TransDigm Group	244		62
Union Pacific	4,293		498
United Continental Holdings *	1,406		86
United Parcel Service, Cl B	3,697		444
United Rentals *	422		59
United Technologies	3,987		463
Verisk Analytics, Cl A *	767		64
Waste Management	2,200		172
WW Grainger	268		48
Xylem	897		56
			12,053

Information Technology — 2.7%
Accenture, Cl A	3,316		448
Activision Blizzard	4,076		263
Adobe Systems *	2,652		396
Advanced Micro Devices *	3,857		49
Akamai Technologies *	863		42
Alliance Data Systems	278		62
Alphabet, Cl A *	1,591		1,549
Alphabet, Cl C *	1,611		1,545
Amphenol, Cl A	1,669		141
Analog Devices	1,999		172
Ansys *	425		52
Apple	27,534		4,243
Applied Materials	5,754		300
Autodesk, Cl A *	1,199		135
Automatic Data Processing	2,398		262
Broadcom	2,180		529
CA	1,564		52
Cadence Design Systems *	1,412		56
Cisco Systems	26,733		899
Citrix Systems *	754		58
Cognizant Technology Solutions, Cl A	3,193		232


278		SEI Institutional Managed Trust / Annual Report / September 30, 2017


			Market Value
Description	Shares		($ Thousands)
COMMON STOCK (continued)
Corning, Cl B	4,924	$	147
CSRA	725		23
DXC Technology	1,556		134
eBay *	5,392		207
Electronic Arts *	1,674		198
F5 Networks, Cl A *	330		40
Facebook, Cl A *	12,646		2,161
Fidelity National Information Services, Cl B	1,807		169
Fiserv, Cl A *	1,148		148
Flir Systems	681		26
Gartner *	451		56
Global Payments	745		71
Harris	608		80
Hewlett Packard Enterprise	8,981		132
HP	9,068		181
Intel	25,120		957
International Business Machines	4,640		673
Intuit	1,320		188
Juniper Networks	1,907		53
KLA-Tencor	782		83
Lam Research	885		164
Mastercard, Cl A	4,998		706
Microchip Technology	1,278		115
Micron Technology *	6,032		237
Microsoft	41,071		3,059
Motorola Solutions	800		68
NetApp	1,352		59
Nvidia	3,216		575
Oracle, Cl B	16,155		781
Paychex	1,670		100
PayPal Holdings *	6,074		389
Qlik *(C)	3,600		—
Qlik, Cl A *(C)(D)	56		61
Qlik, Cl B *(C)(D)	13,812		8
Qorvo *	634		45
Qualcomm	7,935		411
Red Hat *	887		98
salesforce.com *	3,674		343
Seagate Technology	1,482		49
Skyworks Solutions	921		94
Symantec, Cl A	3,377		111
Synopsys *	750		60
TE Connectivity	1,924		160
Texas Instruments	5,312		476
Total System Services	827		54
VeriSign *	432		46
Visa, Cl A	9,777		1,029
Western Digital	1,610		139
Western Union	2,352		45
Xerox	1,042		35


			Market Value
Description	Shares		($ Thousands)
COMMON STOCK (continued)
Xilinx	1,238	$	88
			26,817

Materials — 0.3%
Air Products & Chemicals	1,183		179
Albemarle	553		75
Avery Dennison	442		43
Ball	1,747		72
CF Industries Holdings	1,135		40
DowDuPont	12,476		864
Eastman Chemical	728		66
Ecolab	1,413		182
FMC	669		60
Freeport-McMoRan, Cl B *	7,413		104
International Flavors & Fragrances	394		56
International Paper	2,261		128
LyondellBasell Industries, Cl A	1,764		175
Martin Marietta Materials, Cl A	313		65
Monsanto	2,368		284
Mosaic	1,663		36
Newmont Mining	2,929		110
Nucor	1,592		89
Packaging Corp of America	463		53
PPG Industries	1,397		152
Praxair	1,548		216
Sealed Air	977		42
Sherwin-Williams, Cl A	448		160
Vulcan Materials	660		79
WestRock	1,253		71
			3,401

Real Estate — 0.3%
Alexandria Real Estate Equities ^‡	455		54
American Tower, Cl A ^‡	2,311		316
Apartment Investment & Management, Cl A ^‡	754		33
AvalonBay Communities ^‡	755		135
Boston Properties ^‡	850		104
CBRE Group, Cl A *	1,501		57
Crown Castle International ^‡	2,198		220
Digital Realty Trust, Cl A ^‡	1,120		133
Duke Realty ^‡	1,775		51
Equinix ^‡	423		189
Equity Residential ^‡	2,008		132
Essex Property Trust ^‡	327		83
Extra Space Storage ^‡	628		50
Federal Realty Investment Trust ^‡	361		45
GGP^‡	3,500		73
HCP^‡	2,339		65
Host Hotels & Resorts ^‡	3,913		72
Iron Mountain ^‡	1,493		58
Kimco Realty ^‡	2,124		42
Macerich ^‡	575		32


SEI Institutional Managed Trust / Annual Report / September 30, 2017		279

SCHEDULE OF INVESTMENTS

September 30, 2017

Multi-Asset Income Fund (Continued)


Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Mid-America Apartment Communities ^‡		567	$	61
ProLogis ^‡		2,886		183
Public Storage ^‡		813		174
Realty Income ^‡		1,363		78
Regency Centers ^‡		713		44
SBA Communications, Cl A *^‡		600		86
Simon Property Group ^‡		1,677		270
SL Green Realty ^‡		507		51
UDR^‡		1,335		51
Ventas^‡		1,948		127
Vornado Realty Trust ^‡		860		66
Welltower^‡		2,013		141
Weyerhaeuser^‡		4,111		140
				3,416

Telecommunication Services — 0.3%
AT&T		32,790		1,284
CenturyLink		2,950		56
Level 3 Communications *		1,461		78
Verizon Communications		21,796		1,079
				2,497

Utilities — 0.4%
AES		3,142		35
Alliant Energy		1,137		47
Ameren		1,211		70
American Electric Power		2,668		187
American Water Works		939		76
Centerpoint Energy		2,117		62
CMS Energy		1,482		69
Consolidated Edison		1,692		137
Dominion Energy		3,466		267
DTE Energy		987		106
Duke Energy		3,768		316
Edison International		1,778		137
Entergy		878		67
Eversource Energy		1,743		105
Exelon		5,205		196
FirstEnergy		2,168		67
NextEra Energy		2,517		369
NiSource		1,591		41
NRG Energy		1,578		40
PG&E		2,781		189
Pinnacle West Capital		557		47
PPL		3,727		141
Public Service Enterprise Group		2,768		128
SCANA		713		35
Sempra Energy		1,367		156
Southern		5,393		265
WEC Energy Group		1,734		109


Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Xcel Energy		2,776	$	131
				3,595
Total Common Stock (Cost $97,032) ($ Thousands)				116,646

	Face Amount (Thousands)

LOAN PARTICIPATIONS — 11.0%
AABS, Bridge Term Loan
4.875%, 01/15/2038	$	499		504
ABB/Con-Cise Optical Group LLC, Initial Term Loan, 1st Lien
6.246%, 06/15/2023		1		—
ABG Intermediate Holdings 2 LLC, Term Loan, 1st Lien
0.000%, 09/26/2024 (C)(F)		450		451
Acosta (fka Acosta Holdco), Dollar Revolving Credit Loan, 1st Lien
6.500%, VAR LIBOR+3.250%, 09/26/2019 (C) (J)		133		112
4.487%, VAR LIBOR+3.250%, 09/26/2019 (C) (J)		489		411
Acosta, (fka Acosta Holdco), Multicurrency Revolving Credit Loan, 1st Lien
4.484%, VAR LIBOR+3.250%, 09/26/2019 (C) (J)		400		337
Acrisure LLC, Term B Loan, 1st Lien
6.272%, VAR LIBOR+5.000%, 11/22/2023		697		704
Advanced Integration Technology LP, Term B-1 Loan, 1st Lien
5.985%, VAR LIBOR+4.750%, 04/03/2023 (C)		423		421
Affordable Care Holding, Term B Loan, 2nd Lien
5.985%, VAR LIBOR+4.750%, 10/24/2022 (C)		983		985
AI Agua Merger (Culligan), Term Loan B-1, 1st Lien
4.489%, 12/13/2023		300		301
Air Newco LLC, Initial Term Loan, 2nd Lien
10.815%, VAR LIBOR+9.500%, 01/31/2023		750		693
Alphabet Holding, Term Loan, 1st Lien
4.833%, 09/26/2024		1,900		1,876
Alphabet Holding, Term Loan, 2nd Lien
9.083%, 09/15/2025		875		862
Altice Financing S.A., March 2017 Refinancing Term Loan, 1st Lien
4.054%, VAR LIBOR+2.750%, 07/15/2025		875		876


280		SEI Institutional Managed Trust / Annual Report / September 30, 2017


Description	Face Amount (Thousands)		Market Value ($ Thousands)
LOAN PARTICIPATIONS (continued)

American Renal Associates, Term Loan, 1st Lien
4.485%, VAR LIBOR+3.250%, 06/22/2024	$	948	$	941
American Tire Distributors, Initial Term Loan, 1st Lien
5.485%, VAR LIBOR+4.250%, 09/01/2021		312		314
Anaren, Initial Term Loan, 1st Lien
5.833%, VAR LIBOR+4.500%, 02/18/2021 (C)		463		465
Anaren, Term Loan, 2nd Lien
9.583%, VAR LIBOR+8.250%, 08/18/2021		500		495
Arctic Long Carriers, Term Loan, 1st Lien
5.739%, VAR LIBOR+4.500%, 05/18/2023		329		331
Ashland, Term B Loan, 1st Lien
3.319%, VAR LIBOR+2.000%, 05/17/2024		299		300
3.237%, VAR LIBOR+2.000%, 05/17/2024		150		150
ASP Chromaflo Intermediate Holdings, Initial Tranche B-1 Term Loan, 1st Lien
5.235%, VAR LIBOR+4.000%, 11/20/2023		173		173
ASP Chromaflo Intermediate Holdings, Initial Tranche B-2 Term Loan, 1st Lien
5.235%, VAR LIBOR+4.000%, 11/20/2023		224		225
Aspect Software, Initial Term Loan, 1st Lien
11.235%, VAR LIBOR+10.000%, 05/25/2020		505		496
Atlas, Term Loan, 1st Lien
4.875%, 12/15/2039		1,042		1,043
Avantor Performance Materials, Term Loan, 1st Lien
0.000%, 09/20/2024		200		201
Avolon Borrower 1 (US) LLC, Initial Term B-2 Loan, 1st Lien
3.986%, VAR LIBOR+2.750%, 03/21/2022		698		700
Axalta Coating Systems, Term B-2 Loan, 1st Lien
3.333%, VAR LIBOR+2.000%, 06/01/2024		673		676
BCP Raptor, Term Loan B, 1st Lien
5.522%, VAR LIBOR+4.250%, 06/24/2024		898		904
Belk, Closing Date Term Loan, 1st Lien
6.054%, VAR LIBOR+4.750%, 12/12/2022		124		103


Description	Face Amount (Thousands)		Market Value ($ Thousands)
LOAN PARTICIPATIONS (continued)
Big River Steel, Closing Date Term Loan, 1st Lien
6.333%, VAR LIBOR+5.000%, 08/23/2023 (C)	$	100	$	101
Bioplan USA (Tripolis US LLC), Initial Term Loan, 1st Lien
5.985%, VAR LIBOR+4.750%, 09/23/2021		461		457
BJ’s Wholesale Club, Initial Term Loan, 1st Lien
8.732%, VAR LIBOR+7.500%, 02/03/2025		875		834
BJ’s Wholesale Club, Tranche B Term Loan, 1st Lien
4.982%, VAR LIBOR+3.750%, 02/03/2024		2,668		2,554
BMC Foreign Holding, Cov-Lite, Term Loan B1, 1st Lien
5.235%, VAR LIBOR+4.000%, 09/10/2022		1,226		1,231
C.H.I. Overhead Doors, Initial Term Loan, 1st Lien
4.583%, VAR LIBOR+3.250%, 07/29/2022		269		268
Candy Intermediate Holdings, Initial Term Loan
5.735%, VAR LIBOR+4.500%, 06/15/2023		798		781
Carecore National, LLC, Term Loan, 1st Lien
5.235%, VAR LIBOR+4.000%, 03/05/2021 (C)		1,624		1,640
Cengage Learning, Cov-Lite, Term Loan B, 1st Lien
5.485%, VAR LIBOR+4.250%, 06/07/2023		3,072		2,826
Checkout Holding, Term Loan B, 1st Lien
4.735%, VAR LIBOR+3.500%, 04/09/2021		997		835
Chobani LLC (Chobani Idaho, LLC), Closing Date Term Loan, 1st Lien
5.485%, VAR LIBOR+4.250%, 10/10/2023		928		936
Clark Equipment, Tranche B Term Loan, 1st Lien
4.083%, VAR LIBOR+2.750%, 05/18/2024		323		325
Clear Channel Communications, Term Loan D, 1st Lien
8.083%, VAR LIBOR+6.750%, 01/30/2019 (C)		1,300		1,002
CompuCom Systems, Term Loan, 1st Lien
4.485%, VAR LIBOR+3.250%, 05/09/2020		900		783


SEI Institutional Managed Trust / Annual Report / September 30, 2017		281

SCHEDULE OF INVESTMENTS

September 30, 2017

Multi-Asset Income Fund (Continued)


Description	Face Amount (Thousands)		Market Value ($ Thousands)
LOAN PARTICIPATIONS (continued)
Consolidated Container LLC, Initial Term Loan, 1st Lien
4.735%, VAR LIBOR+3.500%, 05/22/2024	$	1,000	$	1,005
CPG International LLC (fka CPG International), New Term Loan, 1st Lien
5.083%, VAR LIBOR+3.750%, 05/05/2024		398		401
CPI Acquisition, Term Loan, 1st Lien
5.962%, VAR LIBOR+4.500%, 08/17/2022		249		176
Crosby US Acquisition Corp., Initial Term Loan, 1st Lien
4.315%, VAR LIBOR+3.000%, 11/23/2020		1,892		1,745
CTI Foods Holding LLC, Term Loan, 1st Lien
4.740%, VAR LIBOR+3.500%, 06/29/2020		663		597
CTI Foods, Initial Term Loan, 2nd Lien
8.490%, VAR LIBOR+7.250%, 06/28/2021		350		280
CVS Holdings I LP, Term Loan B-1, 1st Lien
7.485%, VAR LIBOR+6.250%, 08/16/2021 (C)		490		492
Cyan Blue Holdco 2 Limited, 2017 B-2 Term Loan, 1st Lien
4.585%, VAR LIBOR+3.500%, 08/23/2024		249		250
Cyan Blue Holdco 2 Limited, Initial Term Loan,
4.585%, 02/25/2022	GBP	650		876
DAE Aviation Holdings, Initial Term Loan, 1st Lien
4.985%, VAR LIBOR+3.750%, 07/07/2022	$	1,259		1,268
Dimora Brands, Initial Term Loan, 1st Lien
5.237%, VAR LIBOR+4.000%, 08/24/2024 (C)		200		201
Diversitech Holdings, Term Loan, 1st Lien
4.840%, VAR LIBOR+3.500%, 06/03/2024		249		250
DJO Finance LLC, Initial Term Loan, 1st Lien
4.487%, VAR LIBOR+3.250%, 06/08/2020		221		221
4.485%, VAR LIBOR+3.250%, 06/08/2020		216		215
Doncasters US Finance LLC (Doncasters US LLC), Second-Lien Term Loans, 1st Lien
9.583%, VAR LIBOR+8.250%, 10/09/2020		84		79
Endurance International, Term Loan, 1st Lien
5.318%, VAR LIBOR+4.000%, 02/09/2023		1,412		1,425


Description	Face Amount (Thousands)		Market Value ($ Thousands)
LOAN PARTICIPATIONS (continued)
EnergySolutions LLC (aka Envirocare of Utah, LLC), Term Advance, 1st Lien
6.090%, VAR LIBOR+4.750%, 05/29/2020	$	1,891	$	1,920
Engineered Machinery Holdings, Delayed Draw Term Loan
4.583%, VAR LIBOR+3.250%, 07/19/2024		30		30
Engineered Machinery Holdings, Term Loan, 1st Lien
4.556%, 07/19/2024		310		310
Epicor Software (fka Eagle Parent), Term B Loan, 1st Lien
4.990%, VAR LIBOR+3.750%, 06/01/2022		2,589		2,592
Exgen Texas Power LLC, Term Loan, 1st Lien
6.083%, VAR LIBOR+4.750%, 09/18/2021		298		158
Fitness International LLC, Term B Loan, 1st Lien
7.500%, VAR Prime Rate by Country+3.250%, 07/01/2020		584		586
Finco LLC, Term Loan, 1st Lien
2.750%, VAR LIBOR+2.750%, 06/10/2022		275		278
Foterra Finance, Cov-Lite, Term Loan, 1st Lien
4.239%, VAR LIBOR+3.000%, 10/25/2023		434		367
FTS International, Cov-Lite, Initial Term Loan, 1st Lien
5.985%, VAR LIBOR+4.750%, 04/16/2021		475		443
Gates Global LLC, Initial B-1 Dollar Term Loan, 1st Lien
4.583%, VAR LIBOR+3.250%, 04/01/2024		485		486
Getty Images, Initial Term Loan, 1st Lien
4.833%, VAR LIBOR+3.500%, 10/18/2019		3,462		2,987
Globallogic Holdings, Closing Date Term Loan, 1st Lien
5.833%, VAR LIBOR+4.500%, 06/20/2022 (C)		238		239
GOBP Holdings, Incremental Term Loan
4.833%, VAR LIBOR+3.500%, 10/21/2021		985		981
Hardware Holdings LLC, Cov-Lite, Term Loan, 1st Lien
7.833%, VAR LIBOR+6.500%, 03/30/2020 (C)		833		808


282		SEI Institutional Managed Trust / Annual Report / September 30, 2017


Description	Face Amount (Thousands)		Market Value ($ Thousands)
LOAN PARTICIPATIONS (continued)

Hayward Industries, Initial Loan, 1st Lien
9.489%, VAR LIBOR+8.250%, 07/18/2025 (C)	$	250	$	248
Hayward Industries, Initial Term Loan, 1st Lien
4.735%, VAR LIBOR+3.500%, 08/05/2024		350		352
Hi-Crush Partners LP, Advance, 1st Lien
5.083%, VAR LIBOR+3.750%, 04/28/2021		591		578
Hoffmaster Group, Initial Term Loan, 1st Lien
5.833%, VAR LIBOR+4.500%, 11/21/2023		248		250
Hummel Station LLC, Construction Term B Advance, 1st Lien
7.235%, VAR LIBOR+6.000%, 10/27/2022 (C)		45		41
Hummel Station LLC, Delayed Draw Term Loan B, 1st Lien
7.235%, VAR LIBOR+6.000%, 10/27/2022 (C)		210		192
IHC Holding, Incremental Term Loan, 1st Lien
8.071%, 04/30/2021 (C)(D)		231		229
IHC Holding, Term Loan, 1st Lien
8.083%, 04/30/2021 (C)(D)		1,190		1,179
IHeartCommunications (fka Clear Channel Communications), Term Loan, 1st Lien
6.090%, VAR LIBOR+4.750%, 06/21/2022 (C)		199		199
iHeartCommunications (fka Clear Channel Communications), Tranche E Term Loan, 1st Lien
8.833%, VAR LIBOR+7.500%, 07/30/2019		100		77
Immucor, Term B-3 Loan, 1st Lien
6.235%, VAR LIBOR+5.000%, 06/15/2021		449		455
Infor U.S., Term Loan B-1, 1st Lien
3.750%, VAR Euribor+2.750%, 02/01/2022	EUR	995		1,181
Insight Fourth Hospitality, Term Loan, 1st Lien
7.250%, 07/15/2021 (C)(D)	GBP	1,000		1,328
Intrawest ULC, Term Loan, 1st Lien
4.485%, VAR LIBOR+3.250%, 07/31/2024	$	685		688
Invenergy Thermal Operating I LLC, Term Loan, 1st Lien
6.833%, VAR LIBOR+5.500%, 10/19/2022 (C)		1,377		1,308


Description	Face Amount (Thousands)		Market Value ($ Thousands)
LOAN PARTICIPATIONS (continued)

Ivanti Software (fka LANDesk Group), Term Loan, 1st Lien
5.490%, VAR LIBOR+4.250%, 01/20/2024	$	592	$	577
J. Crew Group, Initial Term Loan, 1st Lien
4.455%, VAR LIBOR+3.220%, 03/05/2021		1,179		711
4.454%, VAR LIBOR+3.220%, 03/05/2021		466		281
Jazz Acquisition, Revolving Loan, 1st Lien
4.739%, VAR LIBOR+3.500%, 06/19/2019 (C)		48		46
Kronos, Incremental Term Loan, 1st Lien
4.812%, VAR LIBOR+3.500%, 11/01/2023		397		399
Learning Care Group (US) No. 2, Term Loan, 1st Lien
5.299%, VAR LIBOR+4.000%, 05/05/2021 (C)		352		354
5.276%, VAR LIBOR+4.000%, 05/05/2021 (C)		1,055		1,063
5.272%, VAR LIBOR+4.000%, 05/05/2021 (C)		29		29
Liberty Cablevision of Puerto Rico LLC (fka San Juan Cable, LLC), Term B Loan, 1st Lien
4.804%, VAR LIBOR+3.500%, 01/07/2022		425		395
Lineage Logistics LLC, Term Loan, 1st Lien
4.735%, VAR LIBOR+3.500%, 04/07/2021		2,104		2,106
Lytx, Term Loan, 1st Lien
7.989%, 08/31/2023 (C)(D)		521		508
Market Track, Cov-Lite, 1st Lien
5.583%, VAR LIBOR+4.250%, 06/05/2024 (C)		299		298
Mavis Tire Supply LLC, Term Loan
6.485%, 11/02/2020 (C)(D)		1,466		1,454
McGraw-Hill Global Education Holdings, LLC, Term B Loan, 1st Lien
5.235%, VAR LIBOR+4.000%, 05/04/2022		1,043		1,023
Men’s Wearhouse, 1st Lien Term Loan
4.813%, VAR LIBOR+3.500%, 06/18/2021		155		150
Men’s Wearhouse, Tranche B Term Loan, 1st Lien
4.750%, VAR LIBOR+3.500%, 06/18/2021		338		329
MH Sub (Internet Brands), Term Loan, 1st Lien
4.820%, 09/13/2024		300		298


SEI Institutional Managed Trust / Annual Report / September 30, 2017		283

SCHEDULE OF INVESTMENTS

September 30, 2017

Multi-Asset Income Fund (Continued)


Description	Face Amount (Thousands)		Market Value ($ Thousands)
LOAN PARTICIPATIONS (continued)
Misys Ltd., Cov-Lite, Term Loan B, 1st Lien
4.817%, VAR LIBOR+3.500%, 06/13/2024	$	2,263	$	2,273
Misys Ltd., Term Loan, 1st Lien
4.817%, VAR LIBOR+3.500%, 06/13/2024		587		589
MRP Generation Holdings LLC, Term Loan, 1st Lien
8.333%, VAR LIBOR+7.000%, 09/29/2022 (C)		495		463
Murray Energy, Term Loan B2, 1st Lien
8.583%, VAR LIBOR+7.250%, 04/16/2020		1,269		1,161
Nana Development, Initial Term Loan, 1st Lien
8.080%, VAR LIBOR+6.750%, 03/15/2018		11		11
Navistar, Tranche B Term Loan, 1st Lien
5.240%, VAR LIBOR+4.000%, 08/07/2020		983		987
Neiman Marcus Group, Other Term Loan, 1st Lien
4.481%, VAR LIBOR+3.250%, 10/25/2020		2,456		1,824
NEP/NCP Holdco, Amendment No. 4 Incremental Term Loan, 2nd Lien
4.485%, VAR LIBOR+3.250%, 07/21/2022		2,431		2,424
NEP/NCP Holdco, New Term Loan, 2nd Lien
8.231%, VAR LIBOR+7.000%, 01/23/2023		412		414
NES Global Talent Finance U.S. LLC, Term Loan, 1st Lien
6.811%, VAR LIBOR+5.500%, 10/03/2019 (C)		889		800
Numericable U.S. LLC, Term Loan, 1st Lien
4.561%, VAR LIBOR+3.250%, 01/14/2025		798		800
NVA Holdings, Cov-Lite, 1st Lien
4.833%, VAR LIBOR+3.500%, 08/14/2021		135		136
Oberthur Technologies Holding (fka OT Frenchco 1 SAS), Facility B1 (USD), 1st Lien
5.083%, VAR LIBOR+3.750%, 01/10/2024		288		279
Opal Acquisition, Cov-Lite, Term Loan, 1st Lien
5.299%, 11/27/2020		343		322
Opal Acquisition, Term Loan B, 1st Lien
5.333%, VAR LIBOR+4.000%, 11/27/2020		506		475


Description	Face Amount (Thousands)		Market Value ($ Thousands)
LOAN PARTICIPATIONS (continued)
Optiv, Initial Term Loan, 1st Lien
4.563%, VAR LIBOR+3.250%, 02/01/2024	$	645	$	605
Palermo Finance, Term Loan, 1st Lien
5.800%, 04/17/2023 (C)(D)		549		544
Panda Temple Power II LLC, Construction Term Loan Advance, 1st Lien
7.333%, VAR LIBOR+6.000%, 04/03/2019 (C)		292		266
Peak, Term Loan B, 1st Lien
4.811%, 08/01/2024		300		300
Pelican Products, Term Loan, 1st Lien
5.583%, VAR LIBOR+4.250%, 04/10/2020		248		249
PetSmart, Cov-Lite, Term Loan B, 1st Lien
4.240%, VAR LIBOR+3.000%, 03/11/2022		1,696		1,430
Planview, Term Loan, 1st Lien
6.485%, 01/27/2023 (C)(D)		697		687
Pregis Holding, Term Loan, 1st Lien
4.833%, VAR LIBOR+3.500%, 05/20/2021		299		298
Project Ruby Ultimate Parent, Closing Date Term Loan, 1st Lien
4.985%, VAR LIBOR+3.750%, 02/09/2024		497		500
Prowler Acquisition, Term Loan, 1st Lien
5.833%, VAR LIBOR+4.500%, 01/28/2020 (C)		264		231
Reddy Ice, Term Loan B, 1st Lien
6.875%, VAR LIBOR+5.500%, 04/01/2019		333		327
Reddy Ice, Term Loan B, 2nd Lien
10.810%, VAR LIBOR+9.500%, 11/01/2019		225		211
Rise, Term Loan A
4.750%, 02/12/2039		2,036		2,056
Sears Roebuck Acceptance, Term Loan, 1st Lien
5.735%, VAR LIBOR+4.500%, 06/30/2018		754		744
Severin Aquisition, Term Loan, 1st Lien
5.990%, 07/30/2021 (C)		995		988
Shearer’s Foods LLC, 2015 Incremental Term Loan, 1st Lien
5.583%, VAR LIBOR+4.250%, 06/30/2021		149		149
Shearer’s Foods LLC, Term Loan, 2nd Lien
8.083%, VAR LIBOR+6.750%, 06/30/2022 (C)		825		779
5.270%, VAR LIBOR+3.938%, 06/30/2021		741		740


284		SEI Institutional Managed Trust / Annual Report / September 30, 2017


Description	Face Amount (Thousands)		Market Value ($ Thousands)
LOAN PARTICIPATIONS (continued)

Spring Industries, Term Loan, 1st Lien
7.737%, 06/01/2021 (C)(D)	$	593	$	593
Sprint Communications, Initial Term Loan, 1st Lien
3.750%, VAR LIBOR+2.500%, 02/02/2024		1,493		1,493
Staples, Cov-Lite, Term Loan B, 1st Lien
5.310%, VAR LIBOR+4.000%, 09/12/2024		1,075		1,070
Surgery Center Holdings, Term Loan, 1st Lien
4.490%, VAR LIBOR+3.250%, 09/02/2024		370		367
Techem, Term Loan B, 1st Lien
0.000%, 07/26/2024 (F)	EUR	650		772
Thermasys, Term Loan, 1st Lien
5.305%, VAR LIBOR+4.000%, 05/03/2019	$	335		308
TIBCO Software, Term Loan B-1, 1st Lien
4.740%, VAR LIBOR+3.500%, 12/04/2020		1,950		1,955
Truck Hero, Initial Term Loan, 1st Lien
5.326%, VAR LIBOR+4.000%, 04/22/2024		399		398
Univision Communications, Cov-Lite, Term Loan, 1st Lien
3.985%, VAR LIBOR+2.750%, 03/15/2024		1,745		1,729
US Renal Care, Initial Term Loan, 1st Lien
5.583%, VAR LIBOR+4.250%, 12/30/2022		1,631		1,577
USIC Holdings, Term Loan, 1st Lien
5.004%, VAR LIBOR+3.500%, 12/08/2023		517		520
Vantiv LLC, Term Loan A-4, 1st Lien
0.000%, 09/20/2022 (F)		400		400
Vencore (fka SI Organization), Initial Term Loan, 1st Lien
6.083%, VAR LIBOR+4.750%, 11/23/2019		795		802
Viewpoint, Term Loan, 1st Lien
5.703%, 07/19/2024 (C)		200		200
Viva Alamo LLC, Initial Term Loan, 1st Lien
5.567%, VAR LIBOR+4.250%, 02/22/2021		594		564
Wrangler Buyer, Term Loan B, 1st Lien
4.234%, 09/20/2024		175		176
Total Loan Participations (Cost $109,783) ($ Thousands)				107,601


Description	Face Amount (Thousands)		Market Value ($ Thousands)
SOVEREIGN DEBT — 9.2%

Abu Dhabi Government International Bond
3.125%, 05/03/2026	$	850	$	866
2.125%, 05/03/2021		200		200
Angolan Government International Bond
9.500%, 11/12/2025		400		429
Argentina Bonar Bonds
24.605%, VAR 30-35d Argentina BADLAR Private Banks+3.250%, 03/01/2020	ARS	3,600		217
24.105%, VAR 30-35d Argentina BADLAR Private Banks+2.750%, 03/01/2018		150		9
23.662%, VAR 30-35d Argentina BADLAR Private Banks+3.000%, 10/09/2017		3,410		206
Argentina POM Politica Monetaria
26.250%, VAR Argentina Central Bank 7D Repo Ref Rate+0.000%, 06/21/2020		500		31
Argentine Bonos del Tesoro
16.000%, 10/17/2023		130		8
15.500%, 10/17/2026		10		–
Argentine Republic Government International Bond
8.280%, 12/31/2033	$	112		127
7.820%, 12/31/2033	EUR	230		300
7.820%, 12/31/2033		220		291
7.500%, 04/22/2026	$	1,460		1,641
7.125%, 07/06/2036		880		924
7.125%, 06/28/2117 (A)		840		838
6.875%, 04/22/2021		260		283
6.875%, 01/26/2027		1,060		1,145
3.380%, 03/31/2019 (G)	EUR	70		56
2.500%, 03/31/2019 (G)	$	1,120		790
Bahrain Government International Bond
7.000%, 10/12/2028 (A)		230		234
6.750%, 09/20/2029 (A)		380		377
Bermuda Government International Bond
3.717%, 01/25/2027 (A)		240		243
Bulgaria Government International Bond
3.125%, 03/26/2035	EUR	170		215
3.000%, 03/21/2028		360		480
2.950%, 09/03/2024		830		1,116
Chile Government International Bond
3.860%, 06/21/2047	$	380		387
3.125%, 01/21/2026		1,220		1,253
Colombia Government International Bond
5.000%, 06/15/2045		1,900		1,955
4.500%, 01/28/2026		200		213
4.000%, 02/26/2024		200		208
3.875%, 04/25/2027		200		203
2.625%, 03/15/2023		660		648


SEI Institutional Managed Trust / Annual Report / September 30, 2017		285

SCHEDULE OF INVESTMENTS

September 30, 2017

Multi-Asset Income Fund (Continued)


		Face Amount		Market Value
Description		(Thousands)		($ Thousands)
SOVEREIGN DEBT (continued)
Costa Rica Government International Bond
7.158%, 03/12/2045	$	880	$	950
7.000%, 04/04/2044		400		425
5.625%, 04/30/2043		400		366
Croatia Government International Bond
3.000%, 03/20/2027	EUR	100		124
Dominican Republic International Bond
6.875%, 01/29/2026	$	960		1,095
6.850%, 01/27/2045		660		738
6.850%, 01/27/2045 (A)		1,305		1,460
6.600%, 01/28/2024		300		337
5.875%, 04/18/2024		3,090		3,353
5.500%, 01/27/2025		220		233
Eastern and Southern African Trade and Development Bank MTN
5.375%, 03/14/2022		210		216
Ecuador Government International Bond
10.750%, 03/28/2022		200		224
9.650%, 12/13/2026 (A)		900		949
9.625%, 06/02/2027 (A)		1,150		1,208
7.950%, 06/20/2024		1,290		1,275
Egypt Government International Bond MTN
8.500%, 01/31/2047		420		468
7.500%, 01/31/2027		280		305
6.125%, 01/31/2022		260		269
El Salvador Government International Bond
8.625%, 02/28/2029 (A)		240		270
7.750%, 01/24/2023		10		11
7.650%, 06/15/2035		630		647
6.375%, 01/18/2027		466		461
5.875%, 01/30/2025		80		78
Gabon Government International Bond
6.375%, 12/12/2024		220		214
Ghana Government International Bond
10.750%, 10/14/2030		210		273
8.125%, 01/18/2026		200		212
Guatemala Government Bond
5.750%, 06/06/2022		700		760
4.875%, 02/13/2028		210		215
4.500%, 05/03/2026 (A)		970		977
4.375%, 06/05/2027		200		198
4.375%, 06/05/2027 (A)		790		782
Hazine Mustesarligi Varlik Kiralama
5.004%, 04/06/2023 (A)		1,930		1,984
Honduras Government International Bond
7.500%, 03/15/2024		660		751
Hungary Government International Bond
6.375%, 03/29/2021		540		609
6.250%, 01/29/2020		2,310		2,518
5.375%, 02/21/2023		130		146
4.125%, 02/19/2018		70		71
4.000%, 03/25/2019		30		31


		Face Amount		Market Value
Description		(Thousands)		($ Thousands)
SOVEREIGN DEBT (continued)
Indonesia Government International Bond MTN
5.875%, 01/15/2024	$	1,130	$	1,295
4.750%, 01/08/2026		2,270		2,475
4.625%, 04/15/2043		230		238
4.350%, 01/08/2027 (A)		320		339
4.125%, 01/15/2025		300		315
3.850%, 07/18/2027 (A)		1,170		1,202
3.750%, 06/14/2028 (A)	EUR	200		265
3.700%, 01/08/2022 (A)	$	450		467
3.375%, 04/15/2023		310		315
3.375%, 07/30/2025	EUR	1,390		1,813
2.625%, 06/14/2023 (A)		300		377
2.150%, 07/18/2024 (A)		340		414
Ivory Coast Government International Bond
6.375%, 03/03/2028	$	210		217
5.750%, 12/31/2032		232		227
5.125%, 06/15/2025 (A)	EUR	210		257
Kenya Government International Bond
6.875%, 06/24/2024 (A)	$	1,335		1,363
6.875%, 06/24/2024		1,510		1,541
Kuwait International Government Bond
3.500%, 03/20/2027		200		206
Macedonia Government International Bond
5.625%, 07/26/2023 (A)	EUR	350		464
5.625%, 07/26/2023		350		464
Mexican Bonos
8.500%, 11/18/2038	MXN	980		61
8.000%, 12/07/2023		1,396		82
8.000%, 11/07/2047		48		3
7.750%, 11/23/2034		1,954		114
6.500%, 06/10/2021		7,950		435
6.500%, 06/09/2022		1,368		75
Mexico Government International Bond
4.000%, 10/02/2023	$	520		550
3.625%, 03/15/2022		70		73
Mongolia Government International Bond MTN
8.750%, 03/09/2024		200		224
5.125%, 12/05/2022		230		224
Nigeria Government International Bond
7.875%, 02/16/2032		810		885
6.750%, 01/28/2021		207		220
6.375%, 07/12/2023		200		210
5.625%, 06/27/2022		190		193
Pakistan Government International Bond
8.250%, 04/15/2024		210		239
8.250%, 09/30/2025		370		425
Paraguay Government International Bond
6.100%, 08/11/2044		350		393
5.000%, 04/15/2026 (A)		440		470
4.700%, 03/27/2027 (A)		570		594


286		SEI Institutional Managed Trust / Annual Report / September 30, 2017


		Face Amount		Market Value
Description		(Thousands)		($ Thousands)
SOVEREIGN DEBT (continued)
4.625%, 01/25/2023	$	550	$	579
Perusahaan Penerbit SBSN Indonesia III
4.550%, 03/29/2026		200		213
4.550%, 03/29/2026 (A)		330		351
4.150%, 03/29/2027 (A)		1,090		1,125
3.400%, 03/29/2022 (A)		200		204
Philippine Government International Bond
5.500%, 03/30/2026		200		239
Province of Santa Fe
7.000%, 03/23/2023		150		160
7.000%, 03/23/2023 (A)		150		159
Provincia de Buenos Aires
25.330%, VAR 30-35d Argentina BADLAR Private Banks+3.830%, 05/31/2022	ARS	2,070		123
Provincia de la Rioja
9.750%, 02/24/2025 (A)	$	270		286
Republic of Azerbaijan International Bond
3.500%, 09/01/2032 (A)		160		139
Republic of South Africa Government Bond
8.750%, 01/31/2044	ZAR	640		43
8.500%, 01/31/2037		4,140		276
7.000%, 02/28/2031		6,370		393
6.500%, 02/28/2041		660		34
Republic of Suriname
9.250%, 10/26/2026 (A)	$	340		367
9.250%, 10/26/2026		400		432
Republic of Tajikistan International Bond
7.125%, 09/14/2027 (A)		200		196
Romanian Government International Bond
MTN
6.750%, 02/07/2022		610		705
4.375%, 08/22/2023		100		107
3.875%, 10/29/2035	EUR	570		714
Russian Foreign Bond - Eurobond
5.250%, 06/23/2047 (A)	$	200		204
4.875%, 09/16/2023 (A)		400		436
4.750%, 05/27/2026 (A)		200		212
4.750%, 05/27/2026		1,600		1,696
4.500%, 04/04/2022 (A)		200		214
4.250%, 06/23/2027 (A)		800		813
Senegal Government International Bond
6.250%, 05/23/2033 (A)		1,700		1,748
South Africa Government International Bond
8.875%, 02/28/2035	ZAR	3,910		274
5.875%, 05/30/2022	$	100		110
5.875%, 09/16/2025		760		821
5.650%, 09/27/2047		1,720		1,709
4.875%, 04/14/2026		290		292
4.850%, 09/27/2027		880		872
4.300%, 10/12/2028		400		377


		Face Amount		Market Value
Description		(Thousands)		($ Thousands)
SOVEREIGN DEBT (continued)
Sri Lanka Government International Bond
6.850%, 11/03/2025	$	790	$	867
6.825%, 07/18/2026 (A)		250		275
6.200%, 05/11/2027 (A)		380		399
6.125%, 06/03/2025		200		211
5.875%, 07/25/2022		470		501
5.750%, 01/18/2022 (A)		200		211
Turkey Government International Bond
7.375%, 02/05/2025		360		418
7.000%, 06/05/2020		220		240
6.875%, 03/17/2036		130		147
6.625%, 02/17/2045		270		298
6.250%, 09/26/2022		1,271		1,394
6.000%, 03/25/2027		346		371
6.000%, 01/14/2041		410		421
5.750%, 03/22/2024		1,106		1,175
5.750%, 05/11/2047		1,080		1,062
4.875%, 10/09/2026		210		209
4.875%, 04/16/2043		200		177
3.250%, 06/14/2025	EUR	740		875
Ukraine Government International Bond
7.750%, 09/01/2023	$	230		241
7.750%, 09/01/2024		1,050		1,096
7.750%, 09/01/2025		270		279
7.750%, 09/01/2027		540		554
7.375%, 09/25/2032 (A)		200		195
Zambia Government International Bond
8.970%, 07/30/2027		1,040		1,129
5.375%, 09/20/2022		280		267

Total Sovereign Debt (Cost $85,841) ($ Thousands)				90,455

MORTGAGE-BACKED SECURITIES — 9.2%
Agency Mortgage-Backed Obligations — 0.6%
FNMA CMO, Ser 2012-115, Cl DS, IO
4.863%, VAR LIBOR USD 1
Month+6.100%,10/25/2042		981		186
FNMA CMO, Ser 2013-130, Cl SN, IO
5.413%, VAR LIBOR USD 1 Month+6.650%,10/25/2042		3,624		671
FNMA CMO, Ser 2015-30, Cl SJ, IO
4.363%, VAR LIBOR USD 1 Month+5.600%,05/25/2045		1,240		197
FNMA CMO, Ser 2016-69, Cl BS, IO
4.863%, VAR LIBOR USD 1 Month+6.100%,10/25/2046		1,864		279
FNMA CMO, Ser 2016-70, Cl DS, IO
4.863%, VAR LIBOR USD 1 Month+6.100%,10/25/2046		3,382		529


SEI Institutional Managed Trust / Annual Report / September 30, 2017		287

SCHEDULE OF INVESTMENTS

September 30, 2017

Multi-Asset Income Fund (Continued)


		Face Amount		Market Value
Description		(Thousands)		($ Thousands)
MORTGAGE-BACKED SECURITIES (continued)
GNMA CMO, Ser 2010-9, Cl XD, IO
5.366%, VAR LIBOR USD 1 Month+6.600%,01/16/2040	$	4,116	$	720
GNMA CMO, Ser 2011-51, Cl DS, IO
5.414%, VAR LIBOR USD 1 Month+6.650%,04/20/2041		631		99
GNMA CMO, Ser 2013-124, Cl CS, IO
4.814%, VAR LIBOR USD 1 Month+6.050%,08/20/2043		423		64
GNMA CMO, Ser 2014-117, Cl SJ, IO
4.364%, VAR LIBOR USD 1 Month+5.600%,08/20/2044		1,212		177
GNMA CMO, Ser 2014-158, Cl SA, IO
4.366%, VAR LIBOR USD 1 Month+5.600%,10/16/2044		560		87
GNMA CMO, Ser 2015-110, Cl MS, IO
4.474%, VAR LIBOR USD 1 Month+5.710%,08/20/2045		720		104
GNMA CMO, Ser 2015-111, Cl IM, IO
4.000%,08/20/2045		5,301		916
GNMA CMO, Ser 2015-168, Cl IP, IO
4.000%,11/20/2045		2,626		360
GNMA CMO, Ser 2015-57, Cl AS, IO
4.364%, VAR LIBOR USD 1 Month+5.600%,04/20/2045		4,936		710
GNMA CMO, Ser 2016-109, Cl IH, IO
4.000%,10/20/2045		3,460		544
GNMA CMO, Ser 2016-27, Cl 1A, IO
4.000%,06/20/2045		1,969		277

				5,920
Non-Agency Mortgage-Backed Obligations — 8.3%
Alliance Bancorp Trust, Ser 2007-OA1, Cl A1
1.474%, VAR ICE LIBOR USD 1 Month+0.240%,07/25/2037		1,025		913
American Home Mortgage Assets Trust,
Ser 2007-1, Cl A1
1.589%, VAR 12 Month Treas
Avg+0.700%,02/25/2047		4,415		2,944
American Home Mortgage Investment Trust,
Ser 2006-1, Cl 12A1
1.634%, VAR ICE LIBOR USD 1 Month+0.400%,03/25/2046		1,410		1,319
BCAP Trust, Ser 2006-AA2, Cl A1
1.407%, VAR ICE LIBOR USD 1 Month+0.170%,01/25/2037		764		694
BCAP Trust, Ser 2007-AA2, Cl 2A7		939		817
6.000%,04/25/2037
Capmark Military Housing Trust, Ser 2007- AET2, Cl A
6.063%,10/10/2052 (A)		968		1,026


		Face Amount		Market Value
Description		(Thousands)		($ Thousands)
MORTGAGE-BACKED SECURITIES (continued)
Chase Mortgage Finance Trust, Ser 2007-S5, Cl 1A3
6.000%,07/25/2037	$	1,468	$	1,325
CIM Trust, Ser 2017-2, Cl A1
3.237%, VAR ICE LIBOR USD 1 Month+2.000%,12/25/2057 (A)		3,870		3,906
Citigroup Commercial Mortgage Trust, Ser SMPL, Cl E
4.509%,09/10/2031 (A)		2,000		2,042
Cosmopolitan Hotel Trust, Ser 2016-CSMO, Cl E
5.884%, VAR LIBOR USD 1 Month+4.650%,11/15/2033 (A)		4,200		4,231
FHLMC Structured Agency Credit Risk Debt Notes, Ser 2015-DN1, Cl M3
5.387%, VAR ICE LIBOR USD 1 Month+4.150%,01/25/2025		450		484
FHLMC Structured Agency Credit Risk Debt Notes, Ser 2015-HQA2, Cl M3
6.037%, VAR ICE LIBOR USD 1 Month+4.800%,05/25/2028		610		698
FHLMC Structured Agency Credit Risk Debt Notes, Ser 2016-DNA3, Cl M3
6.237%, VAR ICE LIBOR USD 1 Month+5.000%,12/25/2028		250		285
FHLMC Structured Agency Credit Risk Debt Notes, Ser 2016-DNA4, Cl M3
5.037%, VAR ICE LIBOR USD 1 Month+3.800%,03/25/2029		300		324
FirstKey Master Funding, Ser 2017-R1, Cl M4
1.452%, VAR ICE LIBOR USD 1 Month+0.220%,11/03/2041 (A)(C)(D)		1,750		1,575
FirstKey Master Funding, Ser 2017-R1, Cl A6
1.452%, VAR ICE LIBOR USD 1 Month+0.220%,11/03/2041 (A)(C)(D)		2,100		2,047
FNMA Connecticut Avenue Securities, Ser 2016-C04, Cl 1M2
5.487%, VAR ICE LIBOR USD 1 Month+4.250%,01/25/2029		180		197
GAHR Commercial Mortgage Trust, Ser 2015-NRF, Cl GFX
3.495%,12/15/2034 (A)(B)		1,377		1,354
GE Business Loan Trust, Ser 2007-1, Cl C
1.684%, VAR LIBOR USD 1 Month+0.450%,04/16/2035 (A)		926		850
GreenPoint Mortgage Funding Trust, Ser 2006-AR1, Cl A1A
1.527%, VAR ICE LIBOR USD 1 Month+0.290%,02/25/2036		1,468		1,402
GreenPoint MTA Trust, Ser 2005-AR1, Cl A2
1.677%, VAR ICE LIBOR USD 1 Month+0.440%,06/25/2045		596		558


288		SEI Institutional Managed Trust / Annual Report / September 30, 2017


		Face Amount		Market Value
Description		(Thousands)		($ Thousands)
MORTGAGE-BACKED SECURITIES (continued)
GS Mortgage Securities Trust, Ser 2014-GSFL,Cl D
5.134%, VAR LIBOR USD 1 Month+3.900%,07/15/2031 (A)	$	984	$	986
GS Mortgage Securities Trust, Ser 2017-STAY, Cl E
3.384%,07/15/2032		1,000		993
Lehman XS Trust, Ser 2006-10N, Cl 1A3A
1.447%, VAR ICE LIBOR USD 1 Month+0.210%,07/25/2046		988		937
Lehman XS Trust, Ser 2006-16N, Cl A4A
1.424%, VAR ICE LIBOR USD 1 Month+0.190%,11/25/2046		2,804		2,546
LSTAR Securities Investment Trust, Ser 2016-4, Cl A1
3.237%, VAR LIBOR USD 1 Month+2.000%,10/01/2021 (A)		1,979		1,979
LSTAR Securities Investment Trust, Ser 2016-5, Cl A1
3.235%, VAR ICE LIBOR USD 1 Month+2.000%,11/01/2021 (A)		991		991
LSTAR Securities Investment Trust, Ser 2016-7, Cl A1
3.237%, VAR ICE LIBOR USD 1 Month+2.000%,12/01/2018 (A)		4,385		4,385
LSTAR Securities Investment Trust, Ser 2017-3, Cl A1
3.235%, VAR ICE LIBOR USD 1 Month+2.000%,04/01/2022 (A)		2,941		2,941
LSTAR Securities Investment Trust, Ser 2017-6, Cl A
2.986%, VAR ICE LIBOR USD 1 Month+1.750%,09/01/2022 (A)		4,600		4,596
LSTAR Securities Investment Trust, Ser 2020-1
3.732%,04/01/2020 (C)(D)		4,261		4,224
Luminent Mortgage Trust, Ser 2006-2, Cl A1A
1.434%, VAR ICE LIBOR USD 1 Month+0.200%,02/25/2046		3,833		3,110
Morgan Stanley Re-REMIC Trust, Ser 2010-R5, Cl 4B
2.508%,06/26/2036 (A)		661		559
Mortgage Repurchase Agreement Financing Trust, Ser 2017-1, Cl A2
2.185%, VAR ICE LIBOR USD 1 Month+0.950%,04/10/2019 (A)		950		950
Mortgage Repurchase Agreement Financing Trust, Ser 2017-1, Cl A1
2.085%, VAR ICE LIBOR USD 1 Month+0.850%,07/10/2019 (A)		2,000		2,001


		Face Amount		Market Value
Description		(Thousands)		($ Thousands)
MORTGAGE-BACKED SECURITIES (continued)
Mortgage Repurchase Agreement Financing Trust, Ser 2017-2, Cl A1
1.779%, VAR ICE LIBOR USD 1 Month+0.550%,08/12/2019 (A)	$	1,850	$	1,850
Nelnet Student Loan Trust, Ser 2006-1, Cl A6		1,250		1,217
1.764%,08/23/2036
Nomura Resecuritization Trust, Ser 2012-1R, Cl A
1.676%, VAR LIBOR USD 1 Month+0.440%,08/27/2047 (A)		425		425
Nomura Resecuritization Trust, Ser 2015-4R, Cl 5A1
1.867%, VAR ICE LIBOR USD 1 Month+0.430%,03/26/2036 (A)		866		831
PFP III, Ser 2017-3, Cl C
3.734%, VAR LIBOR USD 1 Month+2.500%,01/14/2035 (A)		1,000		1,004
RALI Series Trust, Ser 2006-QO2, Cl A2
1.507%, VAR ICE LIBOR USD 1 Month+0.270%,02/25/2046		1,779		817
RALI Series Trust, Ser 2006-QO3, Cl A1
1.447%, VAR ICE LIBOR USD 1 Month+0.210%,04/25/2046		1,950		1,102
RALI Series Trust, Ser 2006-QO8, Cl 1A3A
1.437%, VAR ICE LIBOR USD 1 Month+0.200%,10/25/2046		1,302		1,199
RALI Series Trust, Ser 2007-QO2, Cl A1
1.387%, VAR ICE LIBOR USD 1 Month+0.150%,02/25/2047		1,383		906
Resource Capital, Ser 2015-CRE3, Cl D
5.228%, VAR LIBOR USD 1 Month+4.000%,03/15/2032 (A)		1,000		1,001
Resource Capital, Ser 2015-CRE4, Cl B
4.228%, VAR LIBOR USD 1 Month+3.000%,08/15/2032 (A)		1,000		1,000
Resource Capital, Ser 2017-CRE5, Cl B
3.234%, VAR LIBOR USD 1 Month+2.000%,07/15/2034 (A)		1,000		1,000
SRERS Funding, Ser 2011-RS, Cl A1B2
1.479%, VAR LIBOR USD 1 Month+0.250%,05/09/2046 (A)		1,980		1,462
Station Place Securitization Trust, Ser 2015-2, Cl A
2.287%, VAR ICE LIBOR USD 1 Month+1.050%,05/15/2018 (A)(C)		400		400
Structured Adjustable Rate Mortgage Loan Trust, Ser 2005-19XS, Cl 2A1
1.573%, VAR ICE LIBOR USD 1 Month+0.300%,10/25/2035		991		975
Washington Mutual Mortgage Pass-Through Certificates, Ser 2006-AR9, Cl 2A
1.670%, VAR 12 Month Treas Avg+0.840%,11/25/2046		6,272		5,287


SEI Institutional Managed Trust / Annual Report / September 30, 2017		289

SCHEDULE OF INVESTMENTS

September 30, 2017

Multi-Asset Income Fund (Continued)


		Face Amount		Market Value
Description		(Thousands)		($ Thousands)
MORTGAGE-BACKED SECURITIES (continued)
Wells Fargo Mortgage-Backed Securities Trust, Ser 2005-AR12, Cl 2A5
3.263%,06/25/2035 (B)	$	421	$	426

				81,091

Other Asset-Backed Securities — 0.3%
Stanwich Mortgage Loan, Ser 2017-NPA1, Cl A1
3.598%,03/16/2022 (A)(C)		2,772		2,772
Total Mortgage-Backed Securities (Cost $87,038) ($ Thousands)				89,783

COMMERCIAL PAPER (H) — 5.9%
Canadian Imperial Bank of Commerce
2.312%, 10/30/2017 (A)		7,000		6,993
Cargill
1.120%, 10/10/2017 (A)		8,120		8,117
Colgate-Palmolive
2.162%, 10/23/2017 (A)		7,000		6,995
Intercontinental Exchange		3,125		3,122
2.302%, 11/02/2017 (A)
John Deere Financial
1.202%, 10/23/2017 (A)		6,000		5,996
Mitsubishi UFJ Trust & Banking
1.221%, 10/16/2017		7,000		6,996
Nestle Capital
1.080%, 10/03/2017 (A)		6,000		5,999
Toronto-Dominion Holdings USA
1.222%, 10/16/2017 (A)		7,000		6,996
Wal-Mart Stores		6,938		6,931
1.101%, 10/30/2017 (A)

Total Commercial Paper (Cost $58,148) ($ Thousands)				58,145

U.S. GOVERNMENT AGENCY OBLIGATION (H) — 0.6%
FHLB DN 1.032%, 11/08/2017		6,000		5,994

Total U.S. Government Agency Obligation (Cost $5,994) ($ Thousands)				5,994


		Face Amount		Market Value
Description		(Thousands)		($ Thousands)
MUNICIPAL BONDS — 0.3%
Illinois — 0.1%
Illinois State, GO
7.350%, 07/01/2035	$	225	$	258
5.100%, 06/01/2033		645		652

				910

Minnesota — 0.0%
Northstar Education Finance, Ser 2007-1, RB 1.414%, 04/28/2030 (I)		278		275

North Carolina — 0.1%
North Carolina State, Education Assistance Authority, Ser A-3, RB
2.214%, 10/25/2041 (I)		1,250		1,252

Puerto Rico — 0.1%
Commonwealth of Puerto Rico, Ser A, GO Callable 07/01/2020 @
100 8.000%, 07/01/2035 (E)		410		199
Puerto Rico Commonwealth, Aqueduct & Sewer Authority, Ser Senior A, RB Callable 07/01/2018 @ 100
6.000%, 07/01/2038		55		42
Puerto Rico Commonwealth, Aqueduct & Sewer Authority, Ser Senior A, RB Callable 07/01/2022 @ 100
5.000%, 07/01/2033		25		18
Puerto Rico Commonwealth, Ser B, GO Callable 07/01/2019 @ 100
6.000%, 07/01/2039 (E)		35		16
Puerto Rico Sales Tax Financing Sales Tax Revenue, Sub-Ser A, RB Callable 08/01/2019 @ 100
6.500%, 08/01/2044 (E)		1,020		214
6.000%, 08/01/2042 (E)		105		22
5.750%, 08/01/2037 (E)		655		136
5.500%, 08/01/2028 (E)		35		7
Puerto Rico Sales Tax Financing Sales Tax Revenue, Sub-Ser A, RB Callable 02/01/2020 @ 100
5.500%, 08/01/2037 (E)		90		19
5.375%, 08/01/2039 (E)		960		199
Puerto Rico Sales Tax Financing Sales Tax Revenue, Sub-Ser A-1, RB Callable 08/01/2021 @ 100
5.000%, 08/01/2043 (E)		40		8


290		SEI Institutional Managed Trust / Annual Report / September 30, 2017


Description		Face Amount (Thousands)			Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Puerto Rico Sales Tax Financing Sales Tax Revenue, Sub-Ser C, RB Callable 08/01/2020 @ 100
5.250%, 08/01/2041 (E)	$		325	$	68

					948


Total Municipal Bonds (Cost $4,374) ($ Thousands)					3,385


		Shares


PREFERRED STOCK — 0.2%
Consumer Discretionary — (0.0)%
Delphi Financial Group, 0.000% *			20,807		437



Industrials — 0.2%
Seaspan, 6.375%			54,789		1,420


Other Asset-Backed Securities — 0.0%
GSC Partners Fund V, Ser 2004-5I, 0.000% *(C)			100		—


Total Preferred Stock (Cost $1,871) ($ Thousands)					1,857


		Face Amount (Thousands)


CONVERTIBLE BONDS — 0.2%
Mirabela Nickel CV to 5.9242 9.500%, 06/24/2019 (A)(C)(E)			167		15
RH CV to 8.6143 5.839%, 06/15/2019 (A)(H)			900		825
SM Energy CV to 24.6914 1.500%, 07/01/2021			650		610


Total Convertible Bonds (Cost $1,659) ($ Thousands)					1,450


U.S. TREASURY OBLIGATIONS — 0.1%
U.S. Treasury Notes 2.250%, 11/15/2025			350		350
2.125%, 07/31/2024			870		869


Total U.S. Treasury Obligations (Cost $1,226) ($ Thousands)					1,219


Description	Shares				Market Value ($ Thousands)
EXCHANGE TRADED FUND — 0.1%
Energy — 0.1%
Guggenheim Solar Energy		51,736		$	1,120


Total Exchange Traded Fund (Cost $966) ($ Thousands)					1,120


	Number of Warrants


WARRANT — 0.0%
Comstock Resources, Expires 06/15/2020 Strike Price $0 *		1,857			11


Total Warrant (Cost $—) ($ Thousands)					11


	Face Amount (Thousands)


REPURCHASE AGREEMENTS — 0.1%
Barclays
0.500%, dated 03/29/2017, total market value $208,500 (K)	$	209			208
Barclays
0.500%, dated 07/11/2017, total market value $526,875 (K)		527			527


Total Repurchase Agreements (Cost $735) ($Thousands)					735


Total Investments in Securities— 94.6% (Cost $911,018) ($ Thousands)				$	927,939


CORPORATE OBLIGATIONS SOLD SHORT — (0.1)%
Consumer Discretionary — (0.1)%
Herc Rentals
7.750%, 06/01/2024 (A)		(500	)		(542)


Industrials — 0.0%
XPO Logistics
6.125%, 09/01/2023 (A)		(200	)		(209)


Total Corporate Obligations Sold Short (Proceeds $731) ($ Thousands)					(751)


Total Investments Sold Short — (0.1)% (Proceeds $731) ($ Thousands)				$	(751)


SEI Institutional Managed Trust / Annual Report / September 30, 2017		291

SCHEDULE OF INVESTMENTS

September 30, 2017

Multi-Asset Income Fund (Continued)


Description	Contracts		Market Value ($ Thousands)
*PURCHASED OPTIONS — 0.1%**

Total Purchased Options (L) (Cost $2,409) ($ Thousands)		17,290,395		$ 494

A list of the open exchange traded options contracts for the Fund at September 30, 2017, is as follows:


Description	Contracts			Market Value ($ Thousands)
*WRITTEN OPTIONS — (0.2)%**

Total Written Options (L)
(Premiums Received $1,858) ($ Thousands)		(3,498	)		$ (2,254)


Description	Number of Contracts			Notional Amount ($ Thousands)		Exercise Price	Expiration Date	Value ($ Thousands)
PURCHASED OPTIONS — 0.0%

Put Options
December 19 Put on IMM EUR*		884		$	1,082	$97.63	12/21/19	$	403
iShares iBoxx $ High Yield Corporate Bond ETF*		5,569			223	84.00	10/21/17		6
October 17 EUR Put GBP Call*		17,281,033			624	0.87	10/21/17		56

				1,929				465

Call Options
iShares 20+ Year Treasury Bond ETF*		2,909			480	130.00	10/21/17		29

Total Purchased Options				$	2,409			$	494

WRITTEN OPTIONS — (0.2)%
Call Options
iShares 20+ Year Treasury Bond ETF*		(2,909	)	$	(210)	133.00	10/21/17	$	(9)
October 17 Calls on SPX*		(273	)		(762)	2,490.00	10/21/17		(992)
October 17 Calls on SPX*		(266	)		(757)	2,485.00	10/21/17		(1,053)
October 17 Calls on SPX*		(20	)		(61)	2,480.00	10/21/17		(90)
October 17 Calls on SPX*		(5	)		(17)	2,460.00	10/21/17		(31)
October 17 Calls on SPX*		(25	)		(51)	2,495.00	10/21/17		(79)

Total Written Options				$	(1,858)			$	(2,254)

A list of the open futures contracts held by the Fund at September 30, 2017, is as follows:


Type of Contract	Number of Contracts Long	Expiration Date		Notional Amount ($ Thousands)		Value ($ Thousands)		Unrealized Appreciation (Depreciation) ($ Thousands)
S&P 500 Index E-MINI	255		Dec-2017		$31,479		$32,080		$601
U.S. 10-Year Treasury Note	170		Dec-2017		21,500		21,303		(197)
U.S. 2-Year Treasury Note	136		Jan-2018		29,418		29,335		(83)
U.S. 5-Year Treasury Note	414		Dec-2017		48,968		48,645		(323)
U.S. Long Treasury Bond	47		Dec-2017		7,290		7,182		(108)
U.S. Ultra Long Treasury Bond	38		Dec-2017		6,383		6,275		(108)
Ultra 10-Year U.S. Treasury Note	18		Dec-2017		2,446		2,418		(28)

				$147,484		$147,238		$(246)

A list of the open forward foreign currency contracts held by the Fund at September 30, 2017, is as follows:

Counterparty

Settlement Date

Currency to Deliver
(Thousands)

Currency to Receive
(Thousands)

Unrealized
Appreciation
(Depreciation)
(Thousands)

Bank of America

10/12/17

EUR

1,011

USD

1,212

$16

Bank of America

11/16/17

GBP

1,892

USD

2,538

(3)

Barclays PLC

10/12/17

GBP

1,651

USD

2,177

(39)

Brown Brothers Harriman

11/14/17

ZAR

12,307

USD

915


292		SEI Institutional Managed Trust / Annual Report / September 30, 2017


Counterparty	Settlement Date			Currency to Deliver (Thousands)			Currency to Receive (Thousands)		Unrealized Appreciation (Depreciation) (Thousands)
Citigroup		10/12/17	EUR		11,793	USD		13,902	$	(49	)
Goldman Sachs		10/06/17	MXN		5,818	USD		328		8
Goldman Sachs		11/02/17	USD		76	EUR		64		—
HSBC		10/12/17	EUR		3,915	USD		4,627		(4	)
JPMorgan Chase Bank		10/12/17	EUR		635	USD		761		10
JPMorgan Chase Bank		11/02/17	EUR		64	USD		76		—
Macquarie Capital		10/06/17	MXN		8,242	USD		460		6

									$	(45	)

A list of the open centrally cleared swap agreements held by the Fund at September 30, 2017 is as follows:


Credit Default Swap
Reference Entity/ Obligation	Buy/Sell Protection		(Pays)/ Receives Rate			Payment Frequency		Termination Date		Notional Amount ($ Thousands)		Value ($ Thousands)		Upfront Payments/ Receipts ($ Thousands)		Net Unrealized (Depreciation) ($ Thousands)
CDX.EM.27		Buy		1.00	%		Quarterly		06/20/2022		5,330	$	168	$	196	$	(28	)
CDX.EM.28		Buy		1.00	%		Quarterly		12/20/2022		5,050		204		211		(7	)

												$	372	$	407	$	(35	)


Interest Rate Swaps
Fund Pays	Fund Receives		Payment Frequency		Termination Date	Currency	Notional Amount (Thousands)		Value ($ Thousands)			Upfront Payments/ Receipts ($ Thousands)			Net Unrealized Appreciation (Depreciation) ($ Thousands)
1.25%		6-MONTH GBP -LIBOR		Semi-Annual	12/20/2027	GBP		790	$	21		$	(14	)	$	35
1.25%		6-MONTH GBP - LIBOR		Semi-Annual	12/20/2024	GBP		560		1			(15	)		16
0.50		6-MONTH EUR - EURIBOR		Semi-Annual	12/20/2024	EUR		5,370		39			(12	)		51
1.50		6-MONTH EUR - EURIBOR		Semi-Annual	12/20/2037	EUR		700		3			(9	)		12
2.50		3-MONTH USD - LIBOR		Quarterly	12/20/2027	USD		1,100		(20	)		(29	)		9
1.00		6-MONTH EUR -EURIBOR		Semi-Annual	12/20/2027	EUR		2,760		(13	)		(48	)		35
2.70		3-MONTH USD - LIBOR		Quarterly	07/18/2023	USD		600		(28	)		–			(28	)
0.00		6-MONTH EUR - EURIBOR		Semi-Annual	12/20/2019	EUR		1,220		(3	)		(4	)		1
1.707		3-MONTH USD - LIBOR		Semi-Annual	12/16/2019	USD		2,100		(7	)		–			(7	)
1.56		3-MONTH USD - LIBOR		Quarterly	07/03/2018	USD		7,150		(62	)		–			(62	)
0.25%		6-MONTH EUR - EURIBOR		Semi-Annual	12/20/2022	EUR		3,120		10			–			10
28-DAY MXN - TIIE		6.75		Monthly	12/14/2022	MXN		25,575		(1	)		–			(1	)
0.25		6-MONTH EUR - EURIBOR		Semi-Annual	12/20/2020	EUR		1,520		(13	)		16			(29	)

									$	(73	)	$	(115	)	$	42


SEI Institutional Managed Trust / Annual Report / September 30, 2017			293

SCHEDULE OF INVESTMENTS

September 30, 2017

Multi-Asset Income Fund (Concluded)

Percentages are based on Net Assets of $980,747 ($ Thousands).

Non-income producing security.

^‡

Real Estate Investment Trust.

(A)

Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration normally to qualified institutions. On September 30, 2017, the value of these securities amounted to $390,447 ($ Thousands), representing 39.8% of the Net Assets of the Fund.

(B)

Variable or floating rate security, the interest rate of which adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets.

(C)

Level 3 security in accordance with fair value hierarchy.

(D)

Security fair valued using methods determined in good faith by the Valuation Committee of the Board of Trustees. The total market value of such securities as of September 30, 2017 was $27,843 ($ Thousands) and represented 2.8% of the Net Assets of the Fund.

(E)

Security is in default on interest payment.

(F)

Unsettled bank loan. Interest rate not available.

(G)

Step Bonds – The rate reflected on the Schedule of Investments is the effective yield on September 30, 2017. The coupon on a step bond changes on a specified date.

(H)

Zero coupon security. The rate shown on the Schedule of Investments is the security’s effective yield at the time of purchase.

(I)

Variable or floating rate security, the interest rate of which adjusts periodically based on prevailing interest rates.

(J)

Represents a security which has additional commitments and contingencies. Principal amount and value excludes unfunded commitments.

(K)

Open Ended Repurchase Agreement.

(L)

Refer to table below for details on Options Contracts.

ABS — Asset-Backed Security

ARS — Argentine Peso

CDO — Collateralized Debt Obligation

Cl — Class

CLO — Collateralized Loan Obligation

CMO — Collateralized Mortgage Obligation

CV — Convertible Security

DN— Discount Note

ETF — Exchange Traded Fund

EUR — Euro

EURIBOR — Euro Interbank Offered Rate

FHLB — Federal Home Loan Bank

FHLMC — Federal Home Loan Mortgage Corporation

FNMA — Federal National Mortgage Association

GBP — British Pound Sterling

GNMA — Government National Mortgage Association

GO — General Obligation

ICE— Intercontinental Exchange

IO — Interest Only — face amount represents notional amount.

IMM — International Monetary Market

LIBOR — London Interbank Offered Rate

LLC — Limited Liability Company

LP — Limited Partnership

Ltd. — Limited

MTN — Medium Term Note

MXN — Mexican Peso

PIK — Payment-in-Kind

PLC — Public Limited Company

RB — Revenue Bond

Re-REMIC — Re-securitization of Real Estate Mortgage Investment Conduit

S&P— Standard & Poor’s

Ser — Series

SPX — Standard & Poor’s 500 Index

TIIE — Interbank Equilibrium Interest Rate

ULC — Unlimited Liability Company

USD — United States Dollar

VAR — Variable Rate

ZAR — South African Rand

The following is a list of the level of inputs used as of September 30, 2017, in valuing the Fund’s investments and other financial instruments carried at value ($ Thousands):



Investments in Securities	Level 1		Level 2		Level 3		Total
Asset-Backed Securities	$	–	$	261,289	$	3,902	$	265,191
Corporate Obligations		–		173,753		10,594		184,347
Common Stock		116,525		42		79		116,646
Loan Participations		–		85,909		21,692		107,601
Sovereign Debt		–		90,455		–		90,455
Mortgage-Backed Securities		–		78,765		11,018		89,783
Commercial Paper		–		58,145		–		58,145
U.S. Government Agency Obligation		–		5,994		–		5,994
Municipal Bonds		–		3,385		–		3,385
Preferred Stock		1,857		–		–		1,857
Convertible Bonds		–		1,435		15		1,450
U.S. Treasury Obligations		–		1,219		–		1,219
Exchange Traded Fund		1,120		–		–		1,120
Repurchase Agreements		–		735		–		735
Warrant		–		11		–		11


Total Investments in Securities	$	119,502	$	761,137	$	47,300	$	927,939


Securities Sold Short	Level 1		Level 2		Level 3		Total
Corporate Obligations	$	–	$	(751)	$	–	$	(751)

Total Securities Sold Short	$	–	$	(751)	$	–	$	(751)


Other Financial Instruments	Level 1		Level 2		Level 3		Total
Purchased Options	$	494	$	—	$	—	$	494
Written Options		(2,254)		—		—		(2,254)
Futures Contracts *
Unrealized Appreciation		601		—		—		601
Unrealized Depreciation		(847)		—		—		(847)
Forwards Contracts *
Unrealized Appreciation		—		50		—		50
Unrealized Depreciation		—		(95)		—		(95)
Centrally Cleared Swaps
Credit Default Swaps *
Unrealized Depreciation		—		(35)		—		(35)
Interest Rate Swaps *
Unrealized Appreciation		—		169		—		169
Unrealized Depreciation		—		(127)		—		(127)

Total Other Financial Instruments	$	(2,006)	$	(38)	$	—	$	(2,044)

* Futures contracts, forward contracts and swap contracts are valued at the unrealized appreciation (depreciation) on the instrument.


294		SEI Institutional Managed Trust / Annual Report / September 30, 2017

The following is a reconciliation of the investments in which significant unobservable inputs (Level 3) were used in determining value ($ Thousands):


	Investments in Asset- Backed Securities		Investments in Corporate Obligations		Investments in Loan Participations		Investments in Mortgage-Backed Securities		Investments in Common Stock		Investments in Convertible Bonds		Investments in Warrants

Balance as of September 30, 2016	$	2,560	$	3,447	$	8,156	$	1,777	$	71	$	47	$	14
Accrued discounts/premiums		–		–		(4)		–		–		–		–
Realized gain/(loss)		(1,180)		–		(170)		–		(202)		–		–
Change in unrealized appreciation/ depreciation		1,180		309		658		–		214		(32)		–
Purchases		2,000		6,600		1,139		–		(4)		–		–
Sales		(77)		(461)		(3,414)		–		–		–		–
Net transfer into Level 3		1,100		865		15,327		11,018		–		–		–
Net transfer out of Level 3		(1,681)		(166)		–		(1,777)		–		–		(14)

Ending Balance as of September 30, 2017	$	3,902	$	10,594	$	21,692	$	11,018	$	79	$	15	$	–

Changes in unrealized gains/(losses) included in earnings related to securities still held at reporting date	$	83	$	233	$	(429)	$	(1)	$	(449)	$	(32)	$	–

For the year ended September 30, 2017, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the year ended September 30, 2017, there were transfers between Level 2 and Level 3 assets and liabilities due to the availability of observable inputs to determine fair value.

For more information on valuation inputs, see Note 2 – Significant Accounting Policies in Notes to Financial Statements.

Amounts designated as “—” are $0 or have been rounded to $0.

The accompanying notes are an integral part of the financial statements.


SEI Institutional Managed Trust / Annual Report / September 30, 2017		295

CONSOLIDATED SCHEDULE OF INVESTMENTS

September 30, 2017

Multi-Asset Inflation Managed Fund

LOGO

^†Percentages are based on total investments.




Description	Face Amount (Thousands)		Market Value ($ Thousands)

U.S. TREASURY OBLIGATIONS — 67.3%
U.S. Treasury Bills **
1.033%, 11/09/2017 (A)(H)	$	46,720	$	46,673
0.983%, 11/30/2017 (A)(H)		95,440		95,285
U.S. Treasury Inflation Protected Securities
1.375%, 01/15/2020		44,402		45,993
1.250%, 07/15/2020		52,569		54,782
1.125%, 01/15/2021		20,590		21,409
0.625%, 07/15/2021		103,285		106,158
0.375%, 07/15/2025		3,389		3,389
0.125%, 04/15/2019		16,119		16,179
0.125%, 04/15/2020 (B)		83,841		84,252
0.125%, 04/15/2021		23,999		24,074
0.125%, 01/15/2022		32,197		32,298
0.125%, 04/15/2022		19,641		19,639
0.125%, 07/15/2022		19,234		19,326
0.125%, 01/15/2023		29,487		29,413

Total U.S. Treasury Obligations (Cost $599,374) ($ Thousands)				598,870


	Shares


COMMON STOCK — 28.8%

Consumer Staples — 6.7%
Altria Group (C)		60,886		3,861
Andersons		678		23
Archer-Daniels-Midland		16,649		708
B&G Foods, Cl A		2,578		82
Blue Buffalo Pet Products *		2,700		77
Boston Beer, Cl A *		150		23
Brown-Forman, Cl A		1,828		102
Brown-Forman, Cl B		5,378		292
Bunge		5,359		372
Calavo Growers		450		33
Cal-Maine Foods		650		27




Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Campbell Soup		5,750	$	269
Casey’s General Stores		1,298		142
Central Garden & Pet, Cl A *		778		29
Church & Dwight		7,752		376
Clorox		3,902		515
Coca-Cola		120,214		5,411
Coca-Cola Bottling Consolidated		180		39
Colgate-Palmolive		27,471		2,001
Conagra Brands		13,111		442
Constellation Brands, Cl A		5,203		1,038
Costco Wholesale		13,683		2,248
Coty, Cl A		14,200		235
CVS Health		31,203		2,537
Darling Ingredients *		6,436		113
Dean Foods		4,072		44
Dr Pepper Snapple Group (C)		5,359		474
Edgewell Personal Care *		1,978		144
Energizer Holdings		1,713		79
Estee Lauder, Cl A		6,556		707
Flowers Foods		5,950		112
Fresh Del Monte Produce		1,372		62
General Mills		18,078		936
Hain Celestial Group *		3,374		139
Herbalife *		2,491		169
Hershey		4,214		460
Hormel Foods		8,000		257
Hostess Brands, Cl A *		7,232		99
HRG Group *		5,278		82
Ingles Markets, Cl A		579		15
Ingredion		2,336		282
J&J Snack Foods		727		95
JM Smucker		3,426		360
Kellogg		7,440		464
Kimberly-Clark		10,612		1,249
Kraft Heinz		17,824		1,382
Kroger		30,697		616
Lamb Weston Holdings		4,650		218
Lancaster Colony		650		78
McCormick		3,478		357
Molson Coors Brewing, Cl B		4,891		399
Mondelez International, Cl A		44,881		1,825
Monster Beverage *		14,048		776
National Beverage, Cl A		533		66
Nu Skin Enterprises, Cl A		1,972		121
PepsiCo		43,015		4,793
Performance Food Group *		4,526		128
Philip Morris International		49,726		5,520
Pilgrim’s Pride *		1,278		36
Pinnacle Foods		3,750		214
Post Holdings *		2,272		201
PriceSmart		900		80
Procter & Gamble		77,817		7,080


296		SEI Institutional Managed Trust / Annual Report / September 30, 2017




Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Rite Aid *		33,600	$	66
Sanderson Farms		672		109
Seaboard		7		32
Snyder’s-Lance		2,907		111
SpartanNash		1,822		48
Spectrum Brands Holdings		950		101
Sprouts Farmers Market *		5,028		94
SUPERVALU *		932		20
Sysco, Cl A		15,891		857
Tootsie Roll Industries		669		25
TreeHouse Foods *		1,827		124
Tyson Foods, Cl A (C)		8,481		597
United Natural Foods *		1,950		81
Universal		1,022		59
US Foods Holding *		5,727		153
Vector Group		5,355		110
Walgreens Boots Alliance		28,283		2,184
Wal-Mart Stores		44,428		3,472
WD-40		327		37
Weis Markets		400		17


				59,411


Energy — 7.6%
Anadarko Petroleum, Cl A		26,109		1,275
Andeavor (C)		6,800		701
Antero Resources *		13,200		263
Apache		17,864		818
Archrock		6,800		85
Atwood Oceanics, Cl A *		3,633		34
Baker Hughes a GE		19,042		697
Bonanza Creek Energy *		2,024		67
C&J Energy Services *		3,400		102
Cabot Oil & Gas		21,175		566
Callon Petroleum *		8,628		97
Carrizo Oil & Gas *		3,200		55
Centennial Resource Development, Cl A *		7,800		140
Cheniere Energy *		9,677		436
Chesapeake Energy *		46,728		201
Chevron (C)		85,572		10,055
Cimarex Energy		4,318		491
Concho Resources *		6,955		916
ConocoPhillips		55,673		2,786
Consol Energy *		9,885		167
Continental Resources, Cl A *		3,727		144
Delek US Holdings		3,778		101
Denbury Resources *		21,572		29
Devon Energy		24,557		902
Diamond Offshore Drilling *		3,172		46
Diamondback Energy, Cl A *		4,412		432
Dril-Quip *		1,600		71
Eclipse Resources *		22,216		56
Energen *		4,931		270




Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Ensco, Cl A		14,778	$	88
EOG Resources		26,628		2,576
EQT		7,804		509
Exterran *		877		28
Extraction Oil & Gas *		8,777		135
ExxonMobil (C)		190,822		15,644
Forum Energy Technologies *		4,587		73
GasLog		6,772		118
Golar LNG		5,035		114
Green Plains		1,100		22
Gulfport Energy *		8,078		116
Halliburton		40,279		1,854
Helix Energy Solutions Group *		3,778		28
Helmerich & Payne		5,450		284
Hess		13,735		644
HollyFrontier		6,928		249
Kinder Morgan		88,084		1,689
Kosmos Energy *		12,600		100
Laredo Petroleum *		7,428		96
Marathon Oil		40,842		554
Marathon Petroleum		23,517		1,319
Matador Resources *		4,464		121
McDermott International *		14,050		102
Murphy Oil		9,862		262
Nabors Industries		20,451		165
National Oilwell Varco, Cl A		17,638		630
Newfield Exploration *		8,650		257
Newpark Resources, Cl A *		6,466		65
Noble		13,500		62
Noble Energy		23,092		655
Nordic American Tankers		3,628		19
Oasis Petroleum *		10,300		94
Occidental Petroleum		35,089		2,253
Oceaneering International, Cl A		4,568		120
Oil States International *		2,528		64
Oneok		9,573		530
Par Pacific Holdings *		4,319		90
Parsley Energy, Cl A *		11,523		304
Patterson-UTI Energy		10,641		223
PBF Energy, Cl A		4,983		138
PDC Energy, Cl A *		2,450		120
PHI *		2,211		26
Phillips 66		19,897		1,823
Pioneer Natural Resources		7,890		1,164
QEP Resources *		12,200		105
Range Resources		11,264		220
Resolute Energy *		1,713		51
REX American Resources *		747		70
Rice Energy *		8,616		249
Ring Energy *		4,090		59
Rowan, Cl A *		5,700		73
RPC		1,328		33


SEI Institutional Managed Trust / Annual Report / September 30, 2017		297

CONSOLIDATED SCHEDULE OF INVESTMENTS

September 30, 2017

Multi-Asset Inflation Managed Fund (Continued)




Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
RSP Permian *		5,710	$	198
Sanchez Energy *		6,466		31
Schlumberger, Cl A		62,459		4,357
Scorpio Tankers		11,440		39
SEACOR Holdings, Cl A *		500		23
SemGroup, Cl A		3,400		98
Ship Finance International		6,826		99
SM Energy		4,628		82
Southwestern Energy *		21,750		133
SRC Energy *		10,800		104
Stone Energy *		2,076		60
Superior Energy Services *		8,578		92
Targa Resources		8,564		405
Transocean * (C)		24,863		268
Ultra Petroleum *		13,900		121
Unit *		3,647		75
US Silica Holdings		3,378		105
Valero Energy (C)		20,187		1,553
Weatherford International *		43,950		201
Whiting Petroleum *		25,450		139
Williams		35,142		1,055
World Fuel Services		3,228		109
WPX Energy *		23,825		274


				68,011


Financials — 0.0%
HFF, Cl A		900		36


Health Care — 5.8%
Abbott Laboratories		25,117		1,340
AbbVie		23,569		2,094
ABIOMED *		777		131
Acadia Healthcare, Cl A *		700		33
ACADIA Pharmaceuticals *		1,000		38
Aetna, Cl A		4,839		769
Agilent Technologies		5,346		343
Agios Pharmaceuticals *		1,500		100
Akorn *		1,228		41
Alere *		877		45
Alexion Pharmaceuticals *		3,122		438
Align Technology *		1,067		199
Alkermes *		2,595		132
Allergan		5,114		1,048
Allscripts Healthcare Solutions *		2,178		31
Alnylam Pharmaceuticals *		1,286		151
AmerisourceBergen, Cl A		2,628		217
Amgen, Cl A (C)		11,082		2,066
AMN Healthcare Services *		600		27
Anthem		3,694		701
athenahealth *		853		106
Baxter International (C)		7,388		464
Becton Dickinson		2,914		571




Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Biogen *		3,226	$	1,010
BioMarin Pharmaceuticals *		2,829		263
Bio-Rad Laboratories, Cl A *		533		118
Bio-Techne		550		66
Bioverativ *		2,232		127
Bluebird Bio *		627		86
Boston Scientific *		19,042		555
Bristol-Myers Squibb		23,985		1,529
Brookdale Senior Living, Cl A *		1,977		21
Bruker BioSciences		1,100		33
C.R. Bard		1,067		342
Cambrex *		450		25
Cantel Medical		400		38
Cardinal Health		4,983		333
Catalent *		1,100		44
Celgene, Cl A *		11,305		1,649
Centene *		2,800		271
Cerner *		4,678		334
Charles River Laboratories International *		853		92
Chemed		480		97
Cigna		3,737		699
Clovis Oncology *		450		37
Cooper, Cl A		832		197
DaVita *		2,914		173
DENTSPLY SIRONA		3,800		227
DexCom *		1,500		73
Edwards Lifesciences, Cl A *		3,218		352
Eli Lilly		14,398		1,232
Endo International *		3,700		32
Envision Healthcare *		2,178		98
Exact Sciences *		1,378		65
Exelixis *		4,101		99
Express Scripts Holding *		8,533		540
FibroGen *		1,386		75
Gilead Sciences (C)		18,478		1,497
Globus Medical, Cl A *		900		27
Haemonetics *		728		33
Halyard Health *		2,666		120
HCA Healthcare *		4,568		364
HealthEquity *		600		30
HealthSouth		1,078		50
Henry Schein *		2,986		245
Hill-Rom Holdings		1,478		109
HMS Holdings *		1,378		27
Hologic *		4,950		182
Horizon Pharma *		1,828		23
Humana		2,268		553
ICU Medical *		533		99
Idexx Laboratories *		1,509		235
Illumina *		2,150		428
INC Research Holdings, Cl A *		1,273		67
Incyte *		2,700		315


298		SEI Institutional Managed Trust / Annual Report / September 30, 2017




Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Insulet *		678	$	37
Integra LifeSciences Holdings *		728		37
Intercept Pharmaceuticals *		278		16
Intuitive Surgical *		618		646
Ionis Pharmaceuticals *		2,076		105
Ironwood Pharmaceuticals, Cl A *		1,628		26
Johnson & Johnson (C)		40,321		5,242
Juno Therapeutics *		2,487		112
Kite Pharma *		600		108
Laboratory Corp of America Holdings *		1,706		258
LifePoint Health *		500		29
Ligand Pharmaceuticals *		278		38
Magellan Health *		822		71
Mallinckrodt *		1,950		73
Masimo *		1,000		87
McKesson		3,070		472
Medicines *		850		31
Medidata Solutions *		629		49
MEDNAX *		2,127		92
Medtronic		19,791		1,539
Merck		40,218		2,575
Mettler Toledo International *		440		276
Molina Healthcare *		1,440		99
Mylan *		7,150		224
Nektar Therapeutics, Cl A *		2,000		48
Neogen, Cl B *		427		33
Neurocrine Biosciences *		1,128		69
Nevro *		278		25
NuVasive *		1,300		72
Omnicell *		650		33
Opko Health *		3,450		24
Owens & Minor		850		25
Pacira Pharmaceuticals *		1,760		66
Parexel International *		476		42
Patterson		2,077		80
Penumbra *		350		32
PerkinElmer		1,927		133
Perrigo		2,336		198
Pfizer		87,147		3,111
Portola Pharmaceuticals, Cl A *		1,437		78
Premier, Cl A *		828		27
Prestige Brands Holdings, Cl A *		600		30
Prothena *		476		31
Puma Biotechnology *		520		62
QIAGEN		4,464		141
Quest Diagnostics		2,506		235
Quintiles IMS Holdings *		2,332		222
Regeneron Pharmaceuticals *		1,102		493
Repligen *		2,986		114
ResMed		2,628		202
Sage Therapeutics *		427		27
Sarepta Therapeutics *		1,437		65




Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Seattle Genetics *		1,927	$	105
Stryker		4,631		658
Teleflex		800		194
TESARO *		600		77
Theravance Biopharma *		1,382		47
Thermo Fisher Scientific		5,866		1,110
Ultragenyx Pharmaceutical *		476		25
United Therapeutics *		822		96
UnitedHealth Group		13,438		2,632
Universal Health Services, Cl B		1,478		164
Varian Medical Systems *		1,728		173
Veeva Systems, Cl A *		1,921		108
Vertex Pharmaceuticals *		3,538		538
VWR *		927		31
Waters *		1,173		211
WellCare Health Plans *		822		141
West Pharmaceutical Services		1,478		142
Wright Medical Group *		1,477		38
Zimmer Biomet Holdings		2,907		340
Zoetis, Cl A		6,504		415


				51,626


Industrials — 0.1%
Danaher, Cl A		9,119		782


Information Technology — 2.9%
Accenture, Cl A		4,474		604
ACI Worldwide *		1,278		29
Activision Blizzard		6,125		395
Adobe Systems *		3,642		543
Akamai Technologies *		1,600		78
Alliance Data Systems		520		115
Alphabet, Cl A *		2,213		2,155
Alphabet, Cl C *		2,242		2,150
Amdocs		2,720		175
Ansys *		1,076		132
Aspen Technology *		476		30
Autodesk, Cl A *		1,600		180
Automatic Data Processing		3,800		415
Blackbaud, Cl A		960		84
Booz Allen Hamilton Holding, Cl A		700		26
Broadridge Financial Solutions		1,400		113
CA		2,878		96
Cadence Design Systems *		3,426		135
CDK Global		1,765		111
Citrix Systems *		1,500		115
Cognizant Technology Solutions, Cl A		4,879		354
Conduent *		6,644		104
CoreLogic *		678		31
CoStar Group *		229		61
CSRA		877		28
Dell Technologies, Cl V *		476		37


SEI Institutional Managed Trust / Annual Report / September 30, 2017		299

CONSOLIDATED SCHEDULE OF INVESTMENTS

September 30, 2017

Multi-Asset Inflation Managed Fund (Continued)




Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
DST Systems		400	$	22
DXC Technology		2,133		183
eBay *		8,478		326
Electronic Arts *		2,478		293
Ellie Mae *		300		25
EPAM Systems *		350		31
Euronet Worldwide *		327		31
Facebook, Cl A *		17,711		3,026
Fair Isaac		200		28
Fidelity National Information Services, Cl B		2,927		273
First Data, Cl A *		2,150		39
Fiserv, Cl A *		1,950		252
FleetCor Technologies *		827		128
Fortinet *		850		31
Gartner *		900		112
Genpact		1,050		30
Global Payments		1,600		152
Guidewire Software, Cl Z *		500		39
IAC *		400		47
International Business Machines (C)		6,452		936
Intuit		1,779		253
j2 Global		327		24
Jack Henry & Associates		1,150		118
Leidos Holdings		1,300		77
LogMeIn		327		36
Manhattan Associates *		500		21
Mastercard, Cl A		7,626		1,077
MAXIMUS		427		28
Microsoft		56,419		4,203
Nuance Communications *		1,500		24
Oracle, Cl B		22,077		1,067
Paychex		2,907		174
PayPal Holdings *		8,220		526
Proofpoint *		350		31
PTC *		600		34
Red Hat *		1,750		194
Sabre		1,228		22
salesforce.com *		4,787		447
ServiceNow *		1,090		128
Splunk *		1,505		100
Square, Cl A *		4,058		117
SS&C Technologies Holdings		2,560		103
Symantec, Cl A (C)		5,850		192
Synopsys *		1,665		134
Take-Two Interactive Software, Cl A *		500		51
Teradata *		828		28
Total System Services		1,661		109
Twitter *		6,150		104
Tyler Technologies *		229		40
Ultimate Software Group *		150		28
Vantiv, Cl A *		1,557		110
VeriSign *		1,076		115




Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Visa, Cl A		14,985	$	1,577
VMware, Cl A *		900		98
Western Union		4,900		94
WEX *		200		23
Workday, Cl A *		1,250		132
Zillow Group, Cl C *		700		28


				25,967

Real Estate — 2.9%
Acadia Realty Trust		2,978		85
Agree Realty		579		28
Alexander & Baldwin		1,928		89
Alexander’s		57		24
Alexandria Real Estate Equities ^‡		1,850		220
American Assets Trust		1,850		74
American Campus Communities ^‡		3,270		144
American Homes 4 Rent, Cl A ^‡		3,924		85
American Tower, Cl A ^‡		10,185		1,392
Apartment Investment & Management, Cl A ^‡		4,000		175
Apple Hospitality ^‡		4,450		84
AvalonBay Communities ^‡		3,070		548
Boston Properties ^‡		3,382		416
Brandywine Realty Trust ^‡		6,021		105
Brixmor Property Group ^‡		5,078		96
Camden Property Trust ^‡		1,777		163
CareTrust ^‡		1,650		31
CBL & Associates Properties ^‡		2,650		22
CBRE Group, Cl A *		6,650		252
Chesapeake Lodging Trust ^‡		1,050		28
Colony NorthStar, Cl A		15,750		198
Columbia Property Trust ^‡		4,550		99
CoreCivic ^‡		3,200		86
CoreSite Realty ^‡		986		110
Corporate Office Properties Trust ^‡		2,828		93
Cousins Properties, Cl A ^‡		11,800		110
Crown Castle International ^‡		8,586		858
CubeSmart ^‡		4,931		128
CyrusOne ^‡		2,336		138
DCT Industrial Trust		2,595		150
DDR ^‡		10,028		92
DiamondRock Hospitality ^‡		7,178		79
Digital Realty Trust, Cl A ^‡		4,929		583
Douglas Emmett ^‡		3,678		145
Duke Realty ^‡		9,050		261
EastGroup Properties		1,076		95
Education Realty Trust ^‡		2,600		93
Empire State Realty Trust, Cl A		4,528		93
EPR Properties, Cl A ^‡		1,453		101
Equinix ^‡		1,813		809
Equity Commonwealth *^‡		3,150		96
Equity LifeStyle Properties		1,950		166
Equity Residential ^‡		7,908		521


300		SEI Institutional Managed Trust / Annual Report / September 30, 2017




Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Essex Property Trust ^‡		1,546	$	393
Extra Space Storage ^‡		2,978		238
Federal Realty Investment Trust ^‡		1,546		192
First Industrial Realty Trust ^‡		3,530		106
Forest City Realty Trust, Cl A ^‡		6,073		155
Four Corners Property Trust ^‡		1,178		29
Franklin Street Properties ^‡		3,050		32
Gaming and Leisure Properties ^‡		5,622		207
GEO Group ^‡		2,958		80
GGP ^‡		13,578		282
Global Net Lease ^‡		1,542		34
Government Properties Income Trust, Cl A ^‡		1,578		30
Gramercy Property Trust ^‡		4,775		144
HCP ^‡		10,848		302
Healthcare Realty Trust ^‡		3,850		125
Healthcare Trust of America, Cl A ^‡		4,101		122
Hersha Hospitality Trust, Cl A ^‡		1,328		25
Highwoods Properties ^‡		2,751		143
Hospitality Properties Trust ^‡		4,200		120
Host Hotels & Resorts ^‡		17,129		317
Howard Hughes *		1,200		142
Hudson Pacific Properties ^‡		3,582		120
Invitation Homes		5,546		126
Iron Mountain ^‡		6,628		258
iStar *^‡		2,150		25
JBG SMITH Properties *^‡		2,000		68
Jones Lang LaSalle		979		121
Kennedy-Wilson Holdings		2,745		51
Kilroy Realty ^‡		2,428		173
Kimco Realty ^‡		9,261		181
Kite Realty Group Trust ^‡		1,828		37
Lamar Advertising, Cl A ^‡		1,925		132
LaSalle Hotel Properties ^‡		2,900		84
Lexington Realty Trust ^‡		9,300		95
Liberty Property Trust ^‡		3,927		161
Life Storage ^‡		1,300		106
LTC Properties ^‡		1,579		74
Macerich^‡		3,122		172
Mack-Cali Realty ^‡		3,278		78
Medical Properties Trust ^‡		8,278		109
Mid-America Apartment Communities ^‡		2,699		289
Monmouth Real Estate Investment, Cl A ^‡		2,573		42
National Health Investors ^‡		1,150		89
National Retail Properties ^‡		3,500		146
National Storage Affiliates Trust ^‡		1,128		27
New Senior Investment Group ^‡		4,478		41
Omega Healthcare Investors ^‡		4,474		143
Outfront Media ^‡		3,922		99
Paramount Group ^‡		7,078		113
Park Hotels & Resorts ^‡		3,893		107
Parkway^‡		1,278		29
Pebblebrook Hotel Trust ^‡		1,128		41




Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Pennsylvania ^‡		1,600	$	17
Physicians Realty Trust ^‡		5,878		104
Piedmont Office Realty Trust, Cl A ^‡		4,177		84
Potlatch ^‡		1,850		94
ProLogis ^‡		12,279		779
PS Business Parks ^‡		522		70
Public Storage ^‡		3,319		710
QTS Realty Trust, Cl A ^‡		1,878		98
Quality Care Properties *		1,378		21
Ramco-Gershenson Properties ^‡		1,977		26
Rayonier ^‡		3,628		105
RE/MAX Holdings, Cl A		500		32
Realogy Holdings		4,101		135
Realty Income ^‡		6,400		366
Regency Centers ^‡		3,459		215
Retail Opportunity Investments ^‡		5,100		97
Retail Properties of America, Cl A ^‡		7,890		104
Rexford Industrial Realty ^‡		1,328		38
RLJ Lodging Trust ^‡		5,081		112
Ryman Hospitality Properties ^‡		1,072		67
Sabra Health Care ^‡		4,681		103
Saul Centers ^‡		1,866		116
SBA Communications, Cl A *^‡		2,966		427
Select Income ^‡		3,100		73
Senior Housing Properties Trust ^‡		6,644		130
Seritage Growth Properties ^‡		550		25
Simon Property Group ^‡		7,839		1,262
SL Green Realty ^‡		2,378		241
Spirit Realty Capital ^‡		13,807		118
St. Joe *		4,159		78
STAG Industrial ^‡		1,778		49
Starwood Waypoint Homes ^‡		1,228		45
STORE Capital ^‡		4,800		119
Summit Hotel Properties ^‡		1,600		26
Sun Communities ^‡		1,977		169
Sunstone Hotel Investors ^‡		6,328		102
Tanger Factory Outlet Centers ^‡		2,778		68
Taubman Centers ^‡		1,800		90
Terreno Realty ^‡		1,178		43
Tier ^‡		1,628		31
UDR ^‡		6,428		245
Uniti Group ^‡		4,728		69
Universal Health Realty Income Trust ^‡		400		30
Urban Edge Properties ^‡		3,178		77
Ventas ^‡		7,700		502
VEREIT ^‡		21,500		178
Vornado Realty Trust ^‡		3,893		299
Washington ^‡		2,728		89
Washington Prime Group ^‡		3,400		28
Weingarten Realty Investors ^‡		2,977		95
Welltower ^‡		8,481		596
Weyerhaeuser ^‡		19,875		676


SEI Institutional Managed Trust / Annual Report / September 30, 2017		301

CONSOLIDATED SCHEDULE OF INVESTMENTS

September 30, 2017

Multi-Asset Inflation Managed Fund (Continued)




Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
WP Carey ^‡		2,757	$	186
Xenia Hotels & Resorts ^‡		4,200		88


				25,467


Telecommunication Services — 1.4%
AT&T		153,207		6,001
CenturyLink		13,755		260
Cogent Communications Holdings		700		34
Consolidated Communications Holdings		3,466		66
Frontier Communications		2,641		31
Iridium Communications *		5,813		60
Level 3 Communications *		6,281		335
Shenandoah Telecommunications		900		33
Sprint *		17,908		139
Straight Path Communications *		387		70
Telephone & Data Systems		3,450		96
T-Mobile US *		6,488		400
US Cellular *		678		24
Verizon Communications		100,697		4,984
Vonage Holdings *		4,200		34
Windstream Holdings		10,619		19
Zayo Group Holdings *		4,058		140


				12,726


Utilities — 1.4%
AES		12,042		133
ALLETE		1,350		104
Alliant Energy		3,878		161
Ameren		3,627		210
American Electric Power		6,764		475
American Water Works		2,491		202
Aqua America		3,300		110
Atmos Energy		1,528		128
Avista		700		36
Black Hills, Cl A		1,400		96
Calpine *		8,350		123
Centerpoint Energy		7,778		227
CMS Energy		4,228		196
Connecticut Water Service		1,100		65
Consolidated Edison		4,256		343
Dominion Energy		9,157		704
DTE Energy		2,600		279
Duke Energy		9,705		814
Edison International		4,412		340
El Paso Electric, Cl A		600		33
Entergy		2,750		210
Eversource Energy		4,750		287
Exelon		11,914		449
FirstEnergy		7,527		232
Great Plains Energy		3,737		113
Hawaiian Electric Industries		2,728		91
Idacorp, Cl A		1,100		97




Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
MDU Resources Group		3,945	$	102
MGE Energy		400		26
National Fuel Gas		1,600		91
New Jersey Resources		1,972		83
NextEra Energy		6,666		977
NiSource		5,346		137
NorthWestern		1,401		80
NRG Energy		4,532		116
NRG Yield, Cl C		6,400		124
OGE Energy		3,590		129
ONE Gas		1,194		88
Ormat Technologies		500		31
Otter Tail		650		28
Pattern Energy Group, Cl A		1,550		37
PG&E		6,191		422
Pinnacle West Capital		1,650		140
PNM Resources		2,400		97
Portland General Electric		2,076		95
PPL		9,499		361
Public Service Enterprise Group		7,100		328
SCANA		1,900		92
Sempra Energy		3,789		432
South Jersey Industries, Cl A		927		32
Southern		13,944		685
Southwest Gas Holdings		1,076		84
Spire		1,194		89
UGI		2,647		124
Unitil		1,400		69
Vectren		1,713		113
WEC Energy Group		4,723		297
Westar Energy, Cl A		2,336		116
WGL Holdings		1,076		91
Xcel Energy		7,215		341


				12,315

Total Common Stock
(Cost $243,551) ($ Thousands)				256,341


	Face Amount (Thousands)

CORPORATE OBLIGATIONS — 7.9%
Consumer Discretionary — 0.6%
Adient Global Holdings
4.875%, 08/15/2026 (D)	$	238		243
CBS
3.500%, 01/15/2025		835		850
Cox Communications
2.950%, 06/30/2023 (D)		240		236
CSC Holdings
6.750%, 11/15/2021		160		177
Expedia
3.800%, 02/15/2028 (D)		805		798


302		SEI Institutional Managed Trust / Annual Report / September 30, 2017




Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Ford Motor Credit
5.875%, 08/02/2021	$	695	$	773
General Motors
3.500%, 10/02/2018		465		473
International Game Technology
6.250%, 02/15/2022 (D)		560		619
KB Home
4.750%, 05/15/2019		382		393
SFR Group
5.375%, 05/15/2022 (D)	EUR	235		290
Time Warner Cable
4.500%, 09/15/2042	$	330		313
Virgin Media Finance
5.250%, 02/15/2022		200		192
Ziggo Secured Finance BV
5.500%, 01/15/2027 (D)		223		228


				5,585


Consumer Staples — 0.3%
Bunge Finance
8.500%, 06/15/2019		9		10
Marfrig Holdings Europe BV
8.000%, 06/08/2023 (D)		650		673
Minerva Luxembourg
6.500%, 09/20/2026 (D)		286		289
Sigma Alimentos
4.125%, 05/02/2026 (D)		212		214
Tyson Foods
3.950%, 08/15/2024		715		752
2.650%, 08/15/2019		219		222
Virgolino de Oliveira Finance
10.500%, 01/28/2018 (D)(E)		660		36


				2,196


Energy — 1.2%
Cenovus Energy
5.700%, 10/15/2019		261		277
3.000%, 08/15/2022		52		51
Cheniere Energy Partners
5.250%, 10/01/2025 (D)		439		449
Diamond Offshore Drilling
4.875%, 11/01/2043		370		278
Ecopetrol
5.875%, 05/28/2045		309		302
Energy Transfer
5.200%, 02/01/2022		465		504
4.500%, 11/01/2023		114		119
Enterprise Products Operating
5.200%, 09/01/2020		340		368
3.700%, 02/15/2026		730		750
Hess
4.300%, 04/01/2027		966		958




Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Marathon Petroleum
5.125%, 03/01/2021	$	196	$	213
Nabors Industries
5.500%, 01/15/2023		885		867
Noble Energy
4.150%, 12/15/2021		475		500
3.900%, 11/15/2024		606		621
Petrobras Global Finance BV
6.125%, 01/17/2022		513		552
Petroleos Mexicanos
6.500%, 03/13/2027 (D)		215		238
Petroleos Mexicanos MTN
4.625%, 09/21/2023		1,126		1,163
Plains All American Pipeline
3.600%, 11/01/2024		902		881
Sabine Pass Liquefaction
5.000%, 03/15/2027		720		768
SM Energy
6.500%, 01/01/2023		43		43
Ultrapar International
5.250%, 10/06/2026 (D)		562		577
Williams Partners
3.900%, 01/15/2025		217		221

				10,700


Financials — 2.8%
ABN AMRO Bank
4.750%, 07/28/2025 (D)		269		286
Banco Santander
3.500%, 04/11/2022		600		614
Bank of America
6.500%, VAR ICE LIBOR USD 3
Month+4.174%, 12/31/2049		292		330
Bank of America MTN
3.824%, VAR ICE LIBOR USD 3
Month+1.575%, 01/20/2028		1,120		1,152
Barclays
6.860%, VAR ICE LIBOR USD 6
Month+1.730%, 12/31/2049 (D)		131		159
3.684%, 01/10/2023		695		713
3.650%, 03/16/2025		330		330
BNP Paribas MTN
2.250%, 01/11/2027	EUR	434		524
Citigroup
3.875%, 03/26/2025	$	905		926
3.668%, VAR ICE LIBOR USD 3
Month+1.390%, 07/24/2028		395		399
Compass Bank
2.875%, 06/29/2022		905		901
Cooperatieve Rabobank UA
4.375%, 08/04/2025		657		690


SEI Institutional Managed Trust / Annual Report / September 30, 2017		303

CONSOLIDATED SCHEDULE OF INVESTMENTS

September 30, 2017

Multi-Asset Inflation Managed Fund (Continued)




Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Credit Suisse Group Funding Guernsey
3.800%, 06/09/2023	$	530	$	549
3.750%, 03/26/2025		570		580
Goldman Sachs Group
2.350%, 11/15/2021		847		840
Goldman Sachs Group MTN
2.917%, VAR ICE LIBOR USD 3
Month+1.600%, 11/29/2023		900		933
HSBC Holdings PLC
4.041%, VAR ICE LIBOR USD 3
Month+1.546%, 03/13/2028		835		872
Intesa Sanpaolo MTN
5.017%, 06/26/2024 (D)		546		555
3.928%, 09/15/2026	EUR	160		204
JPMorgan Chase
3.782%, VAR ICE LIBOR USD 3
Month+1.337%, 02/01/2028	$	590		607
JPMorgan Chase MTN
2.295%, 08/15/2021		551		551
Lincoln National
4.200%, 03/15/2022		355		375
Lloyds Banking Group
4.650%, 03/24/2026		543		574
MetLife
5.700%, 06/15/2035		80		99
Metropolitan Life Global Funding I
3.875%, 04/11/2022 (D)		275		292
Morgan Stanley MTN
3.591%, VAR ICE LIBOR USD 3
Month+1.340%, 07/22/2028		1,150		1,154
Nationwide Financial Services
5.375%, 03/25/2021 (D)		470		511
Navient
6.625%, 07/26/2021		770		824
Navient MTN
7.250%, 01/25/2022		52		57
Royal Bank of Scotland Group
8.625%, VAR USD Swap Semi 30/360 5
Year Curr+7.598%, 12/31/2049		825		915
3.655%, VAR ICE LIBOR USD 3
Month+2.320%, 09/29/2027		600		574
2.001%, VAR Euribor 3
Month+2.330%, 10/29/2049	EUR	100		114
Santander Holdings USA
4.400%, 07/13/2027 (D)	$	1,135		1,160
Santander Issuances
5.179%, 11/19/2025		400		430
Santander Issuances MTN
3.250%, 04/04/2026	EUR	300		381
Santander UK
5.000%, 11/07/2023 (D)	$	700		757




Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Standard Chartered
7.750%, VAR USD Swap Semi 30/360 5
Year Curr+5.723%, 12/29/2049 (D)	$	200	$	216
7.500%, VAR USD Swap Semi 30/360 5
Year Curr+6.301%, 12/29/2049		412		440
2.821%, VAR ICE LIBOR USD 3
Month+1.510%, 01/30/2049 (D)		400		342
Trust F
5.250%, 01/30/2026 (D)		705		753
UBS Group Funding Switzerland
4.125%, 09/24/2025 (D)		689		725
US Bancorp
5.300%, VAR ICE LIBOR USD 3
Month+2.914%, 12/29/2049		474		517
Wells Fargo
3.069%, 01/24/2023		881		896
XLIT
3.250%, VAR Euribor 3
Month+2.900%, 06/29/2047	EUR	240		278


				25,099


Health Care — 0.4%
Mylan
3.950%, 06/15/2026	$	270		275
3.125%, 11/22/2028	EUR	725		916
Teva Pharmaceutical Finance Netherlands
III BV
3.150%, 10/01/2026	$	1,154		1,063
2.800%, 07/21/2023		1,016		969
Valeant Pharmaceuticals International
6.125%, 04/15/2025 (D)		600		526


				3,749


Industrials — 0.4%
Adani Ports & Special Economic Zone
3.950%, 01/19/2022 (D)		670		688
Alfa
5.250%, 03/25/2024 (D)		660		718
Allison Transmission
5.000%, 10/01/2024 (D)		286		297
Avis Budget Car Rental
5.250%, 03/15/2025 (D)		467		467
Embraer Netherlands Finance BV
5.400%, 02/01/2027		670		726
General Electric
5.000%, VAR ICE LIBOR USD 3
Month+3.330%, 12/29/2049		300		317
Odebrecht Finance
7.125%, 06/26/2042 (D)		844		317


				3,530


304		SEI Institutional Managed Trust / Annual Report / September 30, 2017



Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)

Information Technology — 0.5%
Broadcom
3.875%, 01/15/2027 (D)	$	486	$	501
3.625%, 01/15/2024 (D)		226		232
Hewlett Packard Enterprise
2.100%, 10/04/2019 (D)		794		794
Lam Research
2.800%, 06/15/2021		640		647
Seagate HDD Cayman
4.750%, 01/01/2025		427		416
SPCM
4.875%, 09/15/2025 (D)		374		387
VMware
2.950%, 08/21/2022		359		361
Western Digital
7.375%, 04/01/2023 (D)		762		835


				4,173


Materials — 0.4%
Anglo American Capital
3.750%, 04/10/2022 (D)		200		205
Dow Chemical
4.250%, 11/15/2020		131		138
Eastman Chemical
3.800%, 03/15/2025		318		327
Minsur
6.250%, 02/07/2024 (D)		168		184
Nacional del Cobre de Chile
3.625%, 08/01/2027 (D)		372		371
NOVA Chemicals
5.250%, 08/01/2023 (D)		420		433
Sociedad Quimica y Minera de Chile
3.625%, 04/03/2023 (D)		408		408
Vale Overseas
6.875%, 11/21/2036		670		767
Yamana
4.950%, 07/15/2024		462		474


				3,307


Real Estate — 0.2%
Healthcare Realty Trust
5.750%, 01/15/2021		285		313
Host Hotels & Resorts
3.750%, 10/15/2023		16		16
SBA Tower Trust
3.156%, 10/08/2020 (D)		950		957
Welltower
4.000%, 06/01/2025		550		573


				1,859



Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)

Telecommunication Services — 1.0%
AT&T
4.125%, 02/17/2026	$	574	$	589
3.900%, 08/14/2027		685		686
3.400%, 05/15/2025		2,045		2,017
CenturyLink
7.500%, 04/01/2024		364		377
MTN Mauritius Investments
5.373%, 02/13/2022 (D)	ZAR	561		581
Rogers Communications
4.000%, 06/06/2022	CAD	60		51
Sprint Capital
6.900%, 05/01/2019	$	1,485		1,583
Sprint Spectrum
3.360%, 09/20/2021 (D)		609		618
Verizon Communications
5.500%, 03/16/2047		245		272
3.500%, 11/01/2024		675		687
2.625%, 08/15/2026		731		687
Wind Acquisition Finance
4.750%, 07/15/2020 (D)		535		541


				8,689


Utilities — 0.1%
CMS Energy
5.050%, 03/15/2022		185		204
Israel Electric
5.000%, 11/12/2024 (D)		792		858


				1,062

Total Corporate Obligations
(Cost $68,610) ($ Thousands)				69,949


MORTGAGE-BACKED SECURITIES — 5.5%

Agency Mortgage-Backed Obligations — 0.6%
FHLMC, Ser 4693, Cl SL, IO
4.916%,06/15/2047		2,973		655
FNMA CMO, Ser 2011-131, Cl ST, IO
5.303%, VAR LIBOR USD 1
Month+6.540%,12/25/2041		1,601		342
FNMA CMO, Ser 2014-17, Cl SA, IO
4.813%, VAR LIBOR USD 1
Month+6.050%,04/25/2044		3,127		605
FNMA CMO, Ser 2014-78, Cl SE, IO
4.863%, VAR LIBOR USD 1
Month+6.100%,12/25/2044		2,980		557
FNMA CMO, Ser 2014-92, Cl SX, IO
4.863%, VAR LIBOR USD 1
Month+6.100%,01/25/2045		3,401		666


SEI Institutional Managed Trust / Annual Report / September 30, 2017		305

CONSOLIDATED SCHEDULE OF INVESTMENTS

September 30, 2017

Multi-Asset Inflation Managed Fund (Continued)


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MORTGAGE-BACKED SECURITIES (continued)
FNMA CMO, Ser 2016-77, Cl DS, IO
4.763%, VAR LIBOR USD 1 Month+6.000%,10/25/2046	$	3,076	$	581
FNMA CMO, Ser 2017-62, Cl AS, IO
4.913%, VAR LIBOR USD 1 Month+6.150%,08/25/2047		2,994		639
FNMA CMO, Ser 2017-81, Cl SA, IO
4.977%, VAR LIBOR USD 1 Month+6.200%,10/25/2047		3,000		689
GNMA CMO, Ser 2017-122, Cl SA, IO
4.964%, VAR LIBOR USD 1 Month+6.200%,08/20/2047		1,994		443

				5,177

Non-Agency Mortgage-Backed Obligations — 4.9%
Alternative Loan Trust, Ser 2005-20CB,Cl 3A6
5.500%,07/25/2035		116		110
Alternative Loan Trust, Ser 2005-57CB,Cl 4A3
5.500%,12/25/2035		271		246
Alternative Loan Trust, Ser 2006-23CB, Cl 1A7
6.000%,08/25/2036		178		173
Alternative Loan Trust, Ser 2006-24CB, Cl A16
5.750%,06/25/2036		462		390
Alternative Loan Trust, Ser 2006-28CB, Cl A14
6.250%,10/25/2036		322		272
Alternative Loan Trust, Ser 2006-9T1, Cl A1
5.750%,05/25/2036		208		164
Alternative Loan Trust, Ser 2006-J1, Cl 1A13
5.500%,02/25/2036		264		241
Banc of America Commercial Mortgage Trust, Ser 2007-5, Cl AM
5.772%,02/10/2051 (F)		256		256
Bellemeade Re II, Ser 2016-1A, Cl M2B
7.737%, VAR ICE LIBOR USD 1 Month+6.500%,04/25/2026 (D)		487		487
BHMS Mortgage Trust, Ser 2014-ATLS, Cl AFX
3.600%,07/05/2033 (D)		1,180		1,192
CFCRE Commercial Mortgage Trust, Ser 2016-C4, Cl A4
3.283%,05/10/2058		670		676
CGBAM Commercial Mortgage Trust, Ser 2016-IMC, Cl C
5.184%, VAR LIBOR USD 1 Month+3.950%,11/15/2021 (D)		340		333
CGRBS Commercial Mortgage Trust, Ser 2013-VN05, Cl A
3.187%,03/13/2035 (D)		915		942


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MORTGAGE-BACKED SECURITIES (continued)
Chase Mortgage Finance Trust, Ser 2007-S5, Cl 1A17
6.000%,07/25/2037	$	162	$	147
CHL Mortgage Pass-Through Trust, Ser 2006-10, Cl 1A8
6.000%,05/25/2036		257		215
CHL Mortgage Pass-Through Trust, Ser 2006-13, Cl 1A19
6.250%,09/25/2036		134		117
Citigroup Commercial Mortgage Trust, Ser 2013-GC11, Cl D
4.602%,04/10/2046 (D)(F)		343		320
Citigroup Commercial Mortgage Trust, Ser 2015-GC27, Cl A5
3.137%,02/10/2048		980		987
Citigroup Commercial Mortgage Trust, Ser 2015-GC35, Cl A4
3.818%,11/10/2048		435		457
Citigroup Commercial Mortgage Trust, Ser 2016-GC36, Cl A5
3.616%,02/10/2049		540		560
COMM Mortgage Trust, Ser 2010-C1, Cl D
6.324%,07/10/2046 (D)(F)		740		784
COMM Mortgage Trust, Ser 2015-CR24, Cl A5
3.696%,08/10/2048		545		568
Commercial Mortgage Loan Trust, Ser 2008- LS1, Cl A1A
6.372%,12/10/2049 (F)		307		307
Commercial Mortgage Pass-Through Certificates, Ser 2013-SFS, Cl A1
1.873%,04/12/2035 (D)		285		280
Credit Suisse Mortgage Trust, Ser 2016-MFF, Cl D
5.827%,10/15/2018		268		270
CSAIL Commercial Mortgage Trust, Ser 2015- C4, Cl A4
3.808%,11/15/2048		520		545
CSMC, Ser 2010-6R, Cl 3A2
5.875%,01/26/2038 (D)		566		472
Deutsche Alt-A Securities Mortgage Loan Trust, Ser 2006-AR4, Cl A2
1.427%, VAR ICE LIBOR USD 1 Month+0.190%,12/25/2036		582		374
FHLMC Structured Agency Credit Risk Debt Notes, Ser 2014-DN3, Cl M3
5.237%, VAR ICE LIBOR USD 1 Month+4.000%,08/25/2024		1,141		1,217
FHLMC Structured Agency Credit Risk Debt Notes, Ser 2014-DN4, Cl M3
5.784%, VAR ICE LIBOR USD 1 Month+4.550%,10/25/2024		234		254


306		SEI Institutional Managed Trust / Annual Report / September 30, 2017


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MORTGAGE-BACKED SECURITIES (continued)
FHLMC Structured Agency Credit Risk Debt Notes, Ser 2015-DNA1, Cl M3
4.534%, VAR ICE LIBOR USD 1 Month+3.300%,10/25/2027	$	280	$	311
First Horizon Alternative Mortgage Securities Trust, Ser 2006-FA3, Cl A9
6.000%,07/25/2036		252		217
FNMA Connecticut Avenue Securities, Ser 2014-C03, Cl 1M1
2.434%, VAR ICE LIBOR USD 1 Month+1.200%,07/25/2024		24		24
FNMA Connecticut Avenue Securities, Ser 2014-C04, Cl 2M2
6.234%, VAR ICE LIBOR USD 1 Month+5.000%,11/25/2024		214		240
FNMA Connecticut Avenue Securities, Ser 2015-C01, Cl 1M2
5.537%, VAR ICE LIBOR USD 1 Month+4.300%,02/25/2025		430		461
FNMA Connecticut Avenue Securities, Ser 2015-C02, Cl 2M2
5.234%, VAR ICE LIBOR USD 1 Month+4.000%,05/25/2025		532		562
FNMA Connecticut Avenue Securities, Ser 2015-C02, Cl 1M2
5.234%, VAR ICE LIBOR USD 1 Month+4.000%,05/25/2025		796		848
FNMA Connecticut Avenue Securities, Ser 2015-C03, Cl 1M2
6.234%, VAR ICE LIBOR USD 1 Month+5.000%,07/25/2025		928		1,027
FNMA Connecticut Avenue Securities, Ser 2015-C03, Cl 2M2
6.234%, VAR ICE LIBOR USD 1 Month+5.000%,07/25/2025		1,091		1,193
FNMA Connecticut Avenue Securities, Ser 2015-C04, Cl 2M2
6.787%, VAR ICE LIBOR USD 1 Month+5.550%,04/25/2028		980		1,085
FNMA Connecticut Avenue Securities, Ser 2015-C04, Cl 1M2
5.894%, VAR ICE LIBOR USD 1 Month+5.700%,04/25/2028		312		351
FNMA Connecticut Avenue Securities, Ser 2016-C01, Cl 2M2
8.187%, VAR ICE LIBOR USD 1 Month+6.950%,08/25/2028		731		865
FNMA Connecticut Avenue Securities, Ser 2016-C01, Cl 1M2
7.987%, VAR ICE LIBOR USD 1 Month+6.750%,08/25/2028		978		1,154


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MORTGAGE-BACKED SECURITIES (continued)
FNMA Connecticut Avenue Securities,Ser 2016-C02, Cl 1M2
7.237%, VAR ICE LIBOR USD 1 Month+6.000%,09/25/2028	$	814	$	943
FNMA Connecticut Avenue Securities,Ser 2016-C03, Cl 2M2
7.134%, VAR ICE LIBOR USD 1 Month+5.900%,10/25/2028		1,025		1,174
Great Wolf Trust, Ser 2017-WOLF, Cl A
2.090%, VAR LIBOR USD 1 Month+0.850%,09/15/2034 (D)		680		680
GS Mortgage Securities II, Ser 2013-KING, Cl A
2.706%,12/10/2027 (D)		751		759
GS Mortgage Securities Trust, Ser 2014-GC18, Cl D
5.109%,01/10/2047 (D)(F)		955		816
H/2 Asset Funding, Ser 2015-1A
2.887%,06/24/2049		523		520
HomeBanc Mortgage Trust, Ser 2005-1, Cl A1
1.487%, VAR ICE LIBOR USD 1 Month+0.250%,03/25/2035		216		196
JPMBB Commercial Mortgage Securities Trust, Ser 2014-C22, Cl XA, IO
1.080%,09/15/2047 (F)		20,324		981
JPMBB Commercial Mortgage Securities Trust, Ser 2015-C30, Cl A5
3.822%,07/15/2048		540		568
JPMBB Commercial Mortgage Securities Trust, Ser 2015-C32, Cl C
4.818%,11/15/2048 (F)		849		843
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2004-LN2, Cl A1A
4.838%,07/15/2041 (D)(F)		248		248
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2006-LDP9, Cl AM
5.372%,05/15/2047		282		282
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2007-CB19, Cl AM
5.990%,02/12/2049 (F)		27		27
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2015-C31, Cl A3
3.801%,08/15/2048		1,092		1,148
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2015-SGP, Cl A
2.927%, VAR LIBOR USD 1 Month+1.700%,07/15/2036 (D)		1,133		1,135
JPMorgan Mortgage Trust, Ser 2007-S3, Cl 1A8
6.000%,08/25/2037		224		199
LB-UBS Commercial Mortgage Trust, Ser 2006-C6, Cl AJ
5.452%,09/15/2039 (F)		356		284


SEI Institutional Managed Trust / Annual Report / September 30, 2017		307

CONSOLIDATED SCHEDULE OF INVESTMENTS

September 30, 2017

Multi-Asset Inflation Managed Fund (Continued)


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MORTGAGE-BACKED SECURITIES (continued)
LSTAR Commercial Mortgage Trust, Ser 2014-2, Cl A2
2.767%,01/20/2041 (D)	$	369	$	369
LSTAR Commercial Mortgage Trust, Ser 2015-3, Cl A2
2.729%,04/20/2048 (D)(F)		910		913
LSTAR Commercial Mortgage Trust, Ser 2016-4, Cl A2
2.458%,03/10/2049 (D)		971		961
Morgan Stanley Capital I Trust, Ser 2005-IQ9, Cl D
5.000%,07/15/2056		545		545
Morgan Stanley Capital I Trust, Ser 2015-XLF2, Cl SNMA
3.177%, VAR LIBOR USD 1 Month+1.950%,11/15/2026 (D)		270		268
Morgan Stanley Capital I Trust, Ser 2015-XLF2, Cl AFSA
3.097%, VAR LIBOR USD 1 Month+1.870%,08/15/2026 (D)		239		240
Morgan Stanley Capital I Trust, Ser 2016-UB12, Cl A4
3.596%,12/15/2049		835		868
RBSSP Resecuritization Trust, Ser 2009-7,Cl 10A3
6.000%,08/26/2037 (D)		811		722
RBSSP Resecuritization Trust, Ser 2010-9,Cl 7A6
6.000%,05/26/2037 (D)(F)		710		582
Starwood Retail Property Trust, Ser 2014,Cl A
2.447%, VAR LIBOR USD 1 Month+1.220%,11/15/2027 (D)		1,818		1,814
UBS-Barclays Commercial Mortgage Trust,Ser 2012-C4, Cl A5
2.850%,12/10/2045		596		603
Wells Fargo Commercial Mortgage Trust, Ser 2015-SG1, Cl A4
3.789%,09/15/2048		485		510
Wells Fargo Commercial Mortgage Trust, Ser 2015-SG1, Cl C
4.619%,09/15/2048 (F)		794		777
Wells Fargo Commercial Mortgage Trust, Ser 2016-NXS6, Cl C
4.454%,11/15/2049 (F)		925		944
Wells Fargo Credit Risk Transfer Securities Trust, Ser 2015-WF1, Cl 2M2
6.734%, VAR ICE LIBOR USD 1 Month+5.500%,11/25/2025 (D)		162		185
Wells Fargo Credit Risk Transfer Securities Trust, Ser 2015-WF1, Cl 1M2
6.484%, VAR ICE LIBOR USD 1 Month+5.250%,11/25/2025 (D)		612		664


Description	Face Amount (Thousands)		Market Value ($ Thousands)
MORTGAGE-BACKED SECURITIES (continued)
Wells Fargo Mortgage-Backed Securities Trust, Ser 2007-8, Cl 2A5
5.750%,07/25/2037	$	126	$	125
WFRBS Commercial Mortgage Trust, Ser 2013-C14, Cl A5
3.337%,06/15/2046		490		507

				44,094
Total Mortgage-Backed Securities (Cost $48,298) ($Thousands)				49,271

ASSET-BACKED SECURITIES — 2.7%
Automotive — 1.6%
Ally Auto Receivables Trust, Ser 2015-2, Cl A3
1.490%, 11/15/2019		282		282
Avis Budget Rental Car Funding AESOP, Ser 2012-3A, Cl A
2.100%, 03/20/2019 (D)		435		435
Avis Budget Rental Car Funding AESOP, Ser 2013-2A, Cl A
2.970%, 02/20/2020 (D)		594		600
Avis Budget Rental Car Funding AESOP, Ser 2016-1A, Cl A
2.990%, 06/20/2022 (D)		646		652
California Republic Auto Receivables Trust, Ser 2014-2, Cl A4
1.570%, 12/16/2019		377		377
California Republic Auto Receivables Trust, Ser 2015-2, Cl A3
1.310%, 08/15/2019		120		120
Chrysler Capital Auto Receivables Trust, Ser 2016-AA, Cl A3
1.770%, 10/15/2020 (D)		1,380		1,381
CPS Auto Receivables Trust, Ser 2013-B, Cl A
1.820%, 09/15/2020 (D)		130		129
CPS Auto Receivables Trust, Ser 2017-A, Cl A
1.680%, 08/17/2020 (D)		459		458
Drive Auto Receivables Trust, Ser 2016-CA, Cl A3
1.670%, 11/15/2019 (D)		410		410
Enterprise Fleet Financing, Ser 2015-1, Cl A2
1.300%, 09/20/2020 (D)		145		145
Exeter Automobile Receivables Trust, Ser 2016-1A, Cl D
8.200%, 02/15/2023 (D)		440		464
Exeter Automobile Receivables Trust, Ser 2016-3A, Cl A
1.840%, 11/16/2020 (D)		270		270


308		SEI Institutional Managed Trust / Annual Report / September 30, 2017


Description	Face Amount (Thousands)		Market Value ($ Thousands)
ASSET-BACKED SECURITIES (continued)

Exeter Automobile Receivables Trust, Ser 2017-2A, Cl A
2.110%, 06/15/2021 (D)	$	599	$	600
First Investors Auto Owner Trust, Ser 2016-2A, Cl A1
1.530%, 11/16/2020 (D)		473		472
Flagship Credit Auto Trust, Ser 2016-2, Cl D
8.560%, 11/15/2023 (D)		545		595
Flagship Credit Auto Trust, Ser 2016-4, Cl A2
1.960%, 02/16/2021 (D)		900		901
Flagship Credit Auto Trust, Ser 2016-4, Cl D
3.890%, 11/15/2022 (D)		450		455
Harley-Davidson Motorcycle Trust, Ser 2014-1, Cl A3
1.100%, 09/15/2019		55		55
Hertz Vehicle Financing II, Ser 2015-1A, Cl A
2.730%, 03/25/2021 (D)		675		675
Hertz Vehicle Financing II, Ser 2015-1A, Cl B
3.520%, 03/25/2021 (D)		491		497
Hertz Vehicle Financing II, Ser 2015-2A, Cl A
2.020%, 09/25/2019 (D)		700		698
Hertz Vehicle Financing, Ser 2013-1A, Cl B2
2.480%, 08/25/2019 (D)		579		576
Hertz Vehicle Financing, Ser 2016-1A, Cl A
2.320%, 03/25/2020 (D)		974		973
Santander Drive Auto Receivables Trust, Ser 2013-2, Cl E
2.980%, 04/15/2020 (D)		1,095		1,097
Santander Drive Auto Receivables Trust, Ser 2016-3, Cl A2A
1.340%, 11/15/2019		261		261
Santander Drive Auto Receivables Trust, Ser 2017-3, Cl A2A
1.850%, 06/15/2020		532		532

				14,110
Credit Cards — 0.2%
Synchrony Credit Card Master Note Trust, Ser 2016-1, Cl A
2.040%, 03/15/2022		401		403
World Financial Network Credit Card Master Trust, Ser 2013-A, Cl A
1.610%, 12/15/2021		385		385
World Financial Network Credit Card Master Trust, Ser 2015-A, Cl A
1.714%, VAR LIBOR USD 1 Month+0.480%, 02/15/2022		571		572

				1,360

Other Asset-Backed Securities — 0.9%
Ally Master Owner Trust, Ser 2015-3, Cl A
1.630%, 05/15/2020		1,079		1,079


Description	Face Amount (Thousands)		Market Value ($ Thousands)
ASSET-BACKED SECURITIES (continued)

Citi Held For Asset Issuance, Ser 2016-PM1, Cl A
4.650%, 04/15/2025 (D)	$	127	$	128
CNH Equipment Trust, Ser 2015-A, Cl A4
1.850%, 04/15/2021		673		674
GMF Floorplan Owner Revolving Trust, Ser 2015-1, Cl A1
1.650%, 05/15/2020 (D)		496		496
GMF Floorplan Owner Revolving Trust, Ser 2016-1, Cl A1
1.960%, 05/17/2021 (D)		986		987
Marlette Funding Trust, Ser 2016-1A, Cl A
3.060%, 01/17/2023 (D)		170		171
Marlette Funding Trust, Ser 2017-1A, Cl A
2.827%, 03/15/2024 (D)		333		335
Marlette Funding Trust, Ser 2017-2A, Cl A
2.390%, 07/15/2024 (D)		710		710
Prosper Marketplace Issuance Trust, Ser 2017-2A, Cl B
3.480%, 09/15/2023 (D)		260		261
SoFi Consumer Loan Program, Ser 2016-2A, Cl A
3.090%, 10/27/2025 (D)		405		409
SoFi Consumer Loan Program, Ser 2016-3, Cl A
3.050%, 12/26/2025 (D)		536		541
SoFi Consumer Loan Program, Ser 2017-2, Cl A
3.280%, 02/25/2026 (D)		552		560
SoFi Consumer Loan Program, Ser 2017-5, Cl A2
2.780%, 09/25/2026 (D)		780		780
Volvo Financial Equipment, Ser 2015-1A, Cl A3
1.510%, 06/17/2019 (D)		481		481
Wells Fargo Dealer Floorplan Master Note Trust, Ser 2015-1, Cl A
1.731%, VAR LIBOR USD 1 Month+0.500%, 01/20/2020		856		857

				8,469
Total Asset-Backed Securities (Cost $23,810) ($ Thousands)				23,939

SOVEREIGN DEBT — 1.8%
Brazil Notas do Tesouro Nacional, Ser F
10.000%, 01/01/2021	BRL	2,835		928
10.000%, 01/01/2027		6,200		1,989
Egypt Government International Bond MTN
6.125%, 01/31/2022 (D)	$	291		301
Japan Government CPI Linked
0.100%, 03/10/2027	JPY	471,854		4,374


SEI Institutional Managed Trust / Annual Report / September 30, 2017		309

CONSOLIDATED SCHEDULE OF INVESTMENTS

September 30, 2017

Multi-Asset Inflation Managed Fund (Continued)



Description	Face Amount (Thousands)		Market Value ($ Thousands)

SOVEREIGN DEBT (continued)
Japan Treasury Discount Bill
-0.123%, 12/11/2017 (A)(G)	JPY	770,000	$	6,842
Mexico Government International Bond MTN
4.125%, 01/21/2026	$	707		745
Turkey Government International Bond
11.000%, 02/24/2027	TRY	3,945		1,130


Total Sovereign Debt (Cost $15,920) ($ Thousands)				16,309


Total Investments in Securities— 114.0% (Cost $999,563) ($ Thousands)			$	1,014,679


	Shares

COMMON STOCK SOLD SHORT— (13.1)%
Consumer Discretionary — (8.7)%
Adient		(6,972)		(586)
Adtalem Global Education		(1,547)		(56)
Advance Auto Parts		(1,129)		(112)
Amazon.com, Cl A *		(6,140)		(5,903)
American Axle & Manufacturing Holdings *		(7,300)		(128)
American Outdoor Brands *		(4,300)		(66)
Aramark		(7,548)		(307)
Autonation *		(629)		(30)
Autozone *		(498)		(296)
Bed Bath & Beyond		(2,978)		(70)
Belmond, Cl A *		(1,878)		(26)
Best Buy		(4,378)		(249)
Big Lots		(500)		(27)
Bloomin’ Brands		(3,680)		(65)
Bob Evans Farms		(450)		(35)
BorgWarner		(16,805)		(861)
Boyd Gaming		(4,100)		(107)
Bright Horizons Family Solutions *		(1,977)		(170)
Brinker International		(2,177)		(69)
Brunswick		(4,879)		(273)
Buffalo Wild Wings *		(677)		(72)
Burlington Stores *		(1,129)		(108)
Caesars Acquisition, Cl A *		(2,653)		(57)
CalAtlantic Group		(4,474)		(164)
Callaway Golf		(6,133)		(89)
CarMax *		(2,966)		(225)
Carnival		(13,527)		(873)
Carter’s		(2,855)		(282)
Cavco Industries *		(200)		(30)
Cheesecake Factory		(1,900)		(80)
Chipotle Mexican Grill, Cl A *		(894)		(275)
Choice Hotels International		(1,450)		(93)
Churchill Downs		(600)		(124)
Coach		(14,880)		(599)
Columbia Sportswear		(1,827)		(113)



Description	Shares		Market Value ($ Thousands)

COMMON STOCK SOLD SHORT (continued)
Cooper Tire & Rubber		(4,943)	$	(185)
Cooper-Standard Holdings *		(1,350)		(157)
Cracker Barrel Old Country Store		(827)		(125)
Dana		(11,700)		(327)
Darden Restaurants		(3,685)		(290)
Dave & Buster’s Entertainment *		(1,600)		(84)
Deckers Outdoor *		(1,977)		(135)
Delphi Automotive		(22,170)		(2,182)
Dick’s Sporting Goods		(829)		(22)
Dollar General		(3,890)		(315)
Dollar Tree *		(3,382)		(294)
Domino’s Pizza		(1,503)		(298)
Dorman Products *		(2,100)		(150)
DR Horton		(18,314)		(731)
Dunkin’ Brands Group		(2,388)		(127)
Eldorado Resorts *		(2,666)		(68)
Ethan Allen Interiors		(900)		(29)
Expedia		(1,973)		(284)
Foot Locker, Cl A		(2,578)		(91)
Ford Motor		(306,733)		(3,672)
Fox Factory Holding *		(1,322)		(57)
GameStop, Cl A		(977)		(20)
Gap		(3,900)		(115)
Garmin		(6,540)		(353)
General Motors		(114,125)		(4,608)
Gentex		(21,956)		(435)
Gentherm *		(2,800)		(104)
Genuine Parts		(2,959)		(283)
G-III Apparel Group *		(2,350)		(68)
Goodyear Tire & Rubber		(19,979)		(664)
Graham Holdings, Cl B		(111)		(65)
Grand Canyon Education *		(1,727)		(157)
H&R Block		(7,300)		(193)
Hanesbrands		(20,291)		(500)
Harley-Davidson, Cl A		(13,527)		(652)
Hasbro		(5,723)		(559)
Helen of Troy *		(1,500)		(145)
Hilton Grand Vacations *		(2,750)		(106)
Hilton Worldwide Holdings		(6,281)		(436)
Home Depot		(18,638)		(3,048)
Houghton Mifflin Harcourt *		(2,650)		(32)
Hyatt Hotels, Cl A *		(800)		(49)
ILG		(4,900)		(131)
Installed Building Products *		(678)		(44)
International Game Technology		(3,700)		(91)
International Speedway, Cl A		(650)		(23)
iRobot *		(1,578)		(122)
J.C. Penney *		(3,978)		(15)
Jack in the Box		(1,150)		(117)
KB Home		(5,035)		(121)
Kohl’s		(2,855)		(130)
L Brands		(3,827)		(159)


310		SEI Institutional Managed Trust / Annual Report / September 30, 2017



Description	Shares			Market Value ($ Thousands)
COMMON STOCK SOLD SHORT (continued)
La Quinta Holdings *		(1,850	)	$	(32	)
Las Vegas Sands		(13,319	)		(855	)
La-Z-Boy, Cl Z		(3,327	)		(90	)
LCI Industries		(1,777	)		(206	)
Lear		(5,619	)		(973	)
Leggett & Platt		(7,440	)		(355	)
Lennar, Cl A		(10,250	)		(541	)
Liberty Expedia Holdings, Cl A *		(629	)		(33	)
Liberty Interactive QVC Group, Cl A *		(7,024	)		(166	)
Liberty Ventures, Ser A *		(1,272	)		(73	)
Lithia Motors, Cl A		(278	)		(33	)
LKQ *		(5,255	)		(189	)
Lowe’s		(13,385	)		(1,070	)
lululemon athletica *		(5,139	)		(320	)
M/I Homes *		(1,128	)		(30	)
Macy’s		(5,178	)		(113	)
Marriott International, Cl A		(10,772	)		(1,188	)
Marriott Vacations Worldwide		(976	)		(122	)
Mattel		(18,350	)		(284	)
McDonald’s		(26,936	)		(4,220	)
MDC Holdings		(2,928	)		(97	)
Meritage Homes *		(2,728	)		(121	)
MGM Mirage		(16,909	)		(551	)
Michael Kors Holdings *		(8,720	)		(417	)
Michaels *		(1,200	)		(26	)
Modine Manufacturing *		(2,228	)		(43	)
Mohawk Industries *		(3,429	)		(849	)
Motorcar Parts of America *		(1,150	)		(34	)
Murphy USA *		(400	)		(28	)
NetFlix *		(6,079	)		(1,102	)
Newell Brands, Cl B		(25,597	)		(1,092	)
Nike, Cl B		(72,527	)		(3,761	)
Nordstrom		(2,200	)		(104	)
Norwegian Cruise Line Holdings *		(5,600	)		(303	)
NVR *		(211	)		(602	)
Office Depot		(5,928	)		(27	)
O’Reilly Automotive *		(1,546	)		(333	)
Oxford Industries, Cl A		(476	)		(30	)
Papa John’s International, Cl A		(1,142	)		(83	)
Penn National Gaming *		(2,572	)		(60	)
Planet Fitness, Cl A		(2,237	)		(60	)
Polaris Industries		(3,218	)		(337	)
Pool		(750	)		(81	)
Priceline Group *		(757	)		(1,386	)
PulteGroup		(17,117	)		(468	)
PVH		(4,422	)		(557	)
Ralph Lauren, Cl A		(3,174	)		(280	)
Red Rock Resorts, Cl A		(4,006	)		(93	)
Ross Stores		(6,500	)		(420	)
Royal Caribbean Cruises		(6,139	)		(728	)
Sally Beauty Holdings *		(1,228	)		(24	)
Scientific Games, Cl A *		(1,278	)		(59	)



Description	Shares		Market Value ($ Thousands)
COMMON STOCK SOLD SHORT (continued)
SeaWorld Entertainment		(1,400)	$	(18)
Service International		(6,550)		(226)
ServiceMaster Global Holdings *		(5,128)		(240)
Signet Jewelers		(1,250)		(83)
Six Flags Entertainment		(1,934)		(118)
Skechers U.S.A., Cl A *		(7,222)		(181)
Sotheby’s *		(1,622)		(75)
Standard Motor Products		(1,493)		(72)
Starbucks		(46,821)		(2,515)
Steven Madden *		(3,677)		(159)
Stoneridge *		(1,578)		(31)
Superior Industries International		(1,128)		(19)
Target, Cl A		(8,012)		(473)
Taylor Morrison Home, Cl A *		(2,933)		(65)
Tempur-Pedic International *		(2,601)		(168)
Tenneco		(4,750)		(288)
Tesla *		(10,096)		(3,444)
Texas Roadhouse, Cl A		(2,388)		(117)
Thor Industries		(3,685)		(464)
Tiffany		(1,713)		(157)
TJX		(9,885)		(729)
Toll Brothers		(8,720)		(362)
TopBuild *		(2,336)		(152)
Tower International		(927)		(25)
Tractor Supply		(2,076)		(131)
TRI Pointe Group *		(8,628)		(119)
TripAdvisor *		(1,822)		(74)
Tupperware Brands		(2,877)		(178)
Ulta Beauty *		(976)		(221)
Under Armour, Cl C *		(10,128)		(152)
Universal Electronics *		(400)		(25)
Vail Resorts		(1,197)		(273)
VF		(19,624)		(1,248)
Vista Outdoor *		(4,200)		(96)
Visteon *		(2,678)		(332)
Wayfair, Cl A *		(676)		(46)
Wendy’s		(7,600)		(118)
Whirlpool		(4,006)		(739)
Williams-Sonoma		(829)		(41)
Winnebago Industries		(2,550)		(114)
Wolverine World Wide		(5,139)		(148)
Wyndham Worldwide		(4,110)		(433)
Wynn Resorts		(2,491)		(371)
Yum China Holdings *		(11,108)		(444)
Yum! Brands		(10,822)		(797)


				(77,118)

Information Technology — (2.8)%
Advanced Energy Industries *		(427)		(34)
Advanced Micro Devices *		(7,922)		(101)
Amphenol, Cl A		(4,360)		(369)
Analog Devices		(4,221)		(364)


SEI Institutional Managed Trust / Annual Report / September 30, 2017		311

CONSOLIDATED SCHEDULE OF INVESTMENTS

September 30, 2017

Multi-Asset Inflation Managed Fund (Continued)



Description	Shares			Market Value ($ Thousands)
COMMON STOCK SOLD SHORT (continued)
Apple		(37,943	)	$	(5,848	)
Applied Materials		(12,331	)		(642	)
Arista Networks *		(876	)		(166	)
ARRIS International *		(3,250	)		(93	)
Arrow Electronics, Cl A *		(2,328	)		(187	)
Avnet		(2,720	)		(107	)
AVX		(4,693	)		(86	)
Belden		(350	)		(28	)
Broadcom		(4,538	)		(1,101	)
Brocade Communications Systems		(10,450	)		(125	)
Cavium *		(800	)		(53	)
CDW		(4,412	)		(291	)
Ciena *		(1,000	)		(22	)
Cirrus Logic *		(550	)		(29	)
Cisco Systems		(57,969	)		(1,949	)
Cognex		(1,229	)		(136	)
Coherent *		(229	)		(54	)
CommScope Holding *		(2,300	)		(76	)
Corning, Cl B		(11,627	)		(348	)
Cray *		(1,172	)		(23	)
Cypress Semiconductor		(2,600	)		(39	)
Diebold Nixdorf		(2,850	)		(65	)
Dolby Laboratories, Cl A		(579	)		(33	)
Electronics For Imaging *		(1,900	)		(81	)
Entegris *		(1,150	)		(33	)
ePlus *		(1,554	)		(144	)
F5 Networks, Cl A *		(950	)		(115	)
First Solar *		(989	)		(45	)
Flir Systems		(950	)		(37	)
Harris		(2,029	)		(267	)
Hewlett Packard Enterprise		(23,048	)		(339	)
HP		(22,942	)		(458	)
II-VI *		(728	)		(30	)
Infinera *		(4,199	)		(37	)
Integrated Device Technology *		(1,050	)		(28	)
Intel		(54,500	)		(2,075	)
InterDigital		(327	)		(24	)
IPG Photonics *		(278	)		(51	)
Jabil		(3,450	)		(99	)
Juniper Networks		(7,350	)		(205	)
Keysight Technologies *		(3,027	)		(126	)
KLA-Tencor		(2,250	)		(239	)
Lam Research		(1,890	)		(350	)
Littelfuse		(200	)		(39	)
Lumentum Holdings *		(579	)		(31	)
MACOM Technology Solutions Holdings *		(1	)		—
Marvell Technology Group		(5,800	)		(104	)
Maxim Integrated Products		(3,678	)		(175	)
Microchip Technology		(2,827	)		(254	)
Micron Technology *		(12,198	)		(480	)
Microsemi *		(1,728	)		(89	)
MKS Instruments		(476	)		(45	)



Description	Shares			Market Value ($ Thousands)
COMMON STOCK SOLD SHORT (continued)
Monolithic Power Systems		(300	)	$	(32	)
Motorola Solutions		(2,300	)		(195	)
National Instruments		(800	)		(34	)
NCR *		(2,850	)		(107	)
NetApp		(6,112	)		(267	)
NETGEAR *		(1,800	)		(86	)
NetScout Systems *		(650	)		(21	)
Nvidia		(6,693	)		(1,197	)
NXP Semiconductors *		(3,800	)		(430	)
ON Semiconductor *		(6,178	)		(114	)
Palo Alto Networks *		(934	)		(135	)
Plexus *		(450	)		(25	)
Pure Storage, Cl A *		(2,200	)		(35	)
Qorvo *		(1,557	)		(110	)
Qualcomm		(16,389	)		(850	)
Sanmina *		(778	)		(29	)
Scansource *		(2,000	)		(87	)
Skyworks Solutions		(2,378	)		(242	)
Stratasys *		(1,278	)		(30	)
Super Micro Computer *		(3,350	)		(74	)
SYNNEX		(1,573	)		(199	)
Tech Data *		(1,827	)		(162	)
Teradyne		(3,277	)		(122	)
Texas Instruments		(12,532	)		(1,123	)
Trimble *		(3,374	)		(132	)
Universal Display		(422	)		(54	)
USA Technologies *		(6,028	)		(38	)
VeriFone Holdings *		(3,472	)		(70	)
Versum Materials		(850	)		(33	)
Viasat *		(650	)		(42	)
Viavi Solutions *		(2,450	)		(23	)
Western Digital		(3,841	)		(332	)
Xerox		(5,125	)		(171	)
Xilinx		(3,400	)		(241	)
Zebra Technologies, Cl A *		(950	)		(103	)


				(25,314)

Materials — (1.5)%
Air Products & Chemicals		(3,694	)		(559	)
Albemarle		(1,700	)		(232	)
Alcoa		(2,528	)		(118	)
Allegheny Technologies		(1,350	)		(32	)
AptarGroup		(1,200	)		(104	)
Ashland Global Holdings		(1,200	)		(78	)
Avery Dennison		(1,728	)		(170	)
Axalta Coating Systems *		(2,800	)		(81	)
Balchem		(350	)		(28	)
Ball		(5,700	)		(235	)
Bemis		(800	)		(36	)
Berry Global Group *		(1,977	)		(112	)
Cabot		(553	)		(31	)
Carpenter Technology		(678	)		(33	)


312		SEI Institutional Managed Trust / Annual Report / September 30, 2017



Description	Shares			Market Value ($ Thousands)
COMMON STOCK SOLD SHORT (continued)
Celanese, Cl A		(2,000	)	$	(209	)
CF Industries Holdings		(3,450	)		(121	)
Chemours		(2,699	)		(137	)
Commercial Metals, Cl A		(1,278	)		(24	)
Compass Minerals International, Cl A		(350	)		(23	)
Crown Holdings *		(2,543	)		(152	)
Domtar		(650	)		(28	)
DowDuPont		(37,110	)		(2,569	)
Eagle Materials		(927	)		(99	)
Eastman Chemical		(2,491	)		(225	)
Ecolab		(4,683	)		(602	)
FMC		(2,024	)		(181	)
Freeport-McMoRan, Cl B *		(23,098	)		(324	)
Graphic Packaging Holding		(6,100	)		(85	)
H.B. Fuller		(579	)		(34	)
Hecla Mining		(4,350	)		(22	)
Huntsman		(3,786	)		(104	)
Ingevity *		(476	)		(30	)
International Flavors & Fragrances		(1,350	)		(193	)
International Paper		(6,778	)		(385	)
Louisiana-Pacific *		(1,326	)		(36	)
LyondellBasell Industries, Cl A		(4,995	)		(495	)
Martin Marietta Materials, Cl A		(979	)		(202	)
Minerals Technologies		(350	)		(25	)
Monsanto		(6,920	)		(829	)
Mosaic		(5,139	)		(111	)
NewMarket		(427	)		(182	)
Newmont Mining		(7,682	)		(288	)
Nucor		(4,906	)		(275	)
Olin		(2,250	)		(77	)
Owens-Illinois *		(1,547	)		(39	)
Packaging Corp of America		(1,401	)		(161	)
Platform Specialty Products *		(1,977	)		(22	)
PolyOne		(778	)		(31	)
PPG Industries		(3,902	)		(424	)
Praxair		(5,723	)		(800	)
Reliance Steel & Aluminum		(1,298	)		(99	)
Royal Gold, Cl A		(1,279	)		(110	)
RPM International		(2,228	)		(114	)
Scotts Miracle-Gro, Cl A		(877	)		(85	)
Sealed Air		(3,550	)		(152	)
Sensient Technologies		(1,653	)		(127	)
Sherwin-Williams, Cl A		(1,280	)		(458	)
Silgan Holdings		(900	)		(26	)
Sonoco Products		(2,720	)		(137	)
Southern Copper		(2,200	)		(87	)
Steel Dynamics		(3,678	)		(127	)
Summit Materials, Cl A *		(1,128	)		(36	)
Trecora Resources *		(4,370	)		(58	)
United States Steel		(2,400	)		(62	)
Valvoline		(3,294	)		(77	)
Vulcan Materials		(2,128	)		(255	)



Description	Shares		Market Value ($ Thousands)
COMMON STOCK SOLD SHORT (continued)
Westlake Chemical		(427)	$	(35)
WestRock		(3,777)		(214)
Worthington Industries		(579)		(27)
WR Grace		(1,279)		(92)


				(13,771)

Total Common Stock Sold Short
(Proceeds $106,754) ($ Thousands)				(116,203)


Total Investments in Securities Sold
Short — (13.1)%
(Proceeds $106,754) ($ Thousands)			$	(116,203)


SEI Institutional Managed Trust / Annual Report / September 30, 2017		313

CONSOLIDATED SCHEDULE OF INVESTMENTS

September 30, 2017

Multi-Asset Inflation Managed Fund (Continued)

A list of the open futures contracts held by the Fund at September 30, 2017, is as follows:


Type of Contract	Number of Contracts Long (Short)		Expiration Date		Notional Amount ($ Thousands)		Value ($ Thousands)		Unrealized Appreciation (Depreciation) ($ Thousands)
CBT Wheat **		377		Dec-2017		$9,098		$8,450		$(648)
Coffee **		162		Dec-2017		8,686		7,779		(907)
Coffee Robusta **		(140)		Nov-2017		(2,954)		(2,755)		199
Copper **		120		Dec-2017		8,814		8,865		51
Corn **		592		Dec-2017		11,567		10,515		(1,052)
Cotton No. 2 **		(130)		Mar-2018		(4,524)		(4,406)		118
Cotton No. 2 **		40		Dec-2017		1,492		1,369		(123)
Crude Oil **		34		Nov-2017		1,760		1,766		6
Euro-Bobl		(145)		Dec-2017		(22,776)		(22,487)		98
Feeder Cattle **		(19)		Oct-2017		(1,333)		(1,446)		(113)
Feeder Cattle **		(59)		Jan-2018		(4,438)		(4,470)		(32)
Gold **		186		Dec-2017		23,153		23,897		744
ICE Brent Crude **		(77)		Oct-2017		(4,328)		(4,373)		(45)
ICE Brent Crude **		234		Dec-2017		12,763		13,242		479
Japanese 10-Year Bond		(3)		Dec-2017		(4,179)		(4,007)		19
KC HRW Wheat **		(148)		Mar-2018		(3,348)		(3,406)		(58)
KC HRW Wheat **		312		Dec-2017		7,140		6,907		(233)
Lean Hogs **		(81)		Dec-2017		(1,925)		(1,942)		(17)
Lean Hogs **		101		Feb-2018		2,622		2,628		6
Live Cattle **		200		Dec-2017		9,030		9,220		190
LME Aluminum **		280		Nov-2017		14,211		14,623		412
LME Nickel **		26		Nov-2017		1,769		1,632		(137)
LME Zinc **		(56)		May-2018		(4,269)		(4,392)		(123)
LME Zinc **		57		Dec-2018		4,251		4,358		107
LME Zinc **		69		Nov-2017		4,731		5,465		734
MSCI EAFE Index E-MINI		(134)		Dec-2017		(13,117)		(13,255)		(138)
Natural Gas **		210		Jan-2018		6,945		6,928		(17)
Natural Gas **		238		Oct-2017		7,254		7,157		(97)
NY Harbor ULSD **		68		Oct-2017		4,715		5,169		454
NY Harbor ULSD **		21		Dec-2017		1,405		1,593		188
Palladium **		(31)		Dec-2017		(2,873)		(2,904)		(31)
Platinum **		64		Jan-2018		3,185		2,930		(255)
RBOB Gasoline **		91		Nov-2017		5,728		6,081		353
S&P 500 Index E-MINI		(208)		Dec-2017		$(25,943)		$(26,167)		$(224)
Silver **		95		Dec-2017		7,987		7,921		(66)
Soybean **		225		Nov-2017		10,751		10,893		142
Soybean Meal **		157		Dec-2017		4,921		4,958		37
Soybean Oil **		224		Dec-2017		4,421		4,411		(10)
Sugar No. 11 **		452		Feb-2018		7,472		7,138		(334)
U.S. 2-Year Treasury Note		(262)		Jan-2018		(56,678)		(56,514)		164
U.S. 5-Year Treasury Note		112		Dec-2017		13,232		13,160		(72)
U.S. 10-Year Treasury Note		(199)		Dec-2017		(25,166)		(24,937)		229
U.S. Ultra Long Treasury Bond		(5)		Dec-2017		(835)		(826)		9
WTI Crude Oil **		273		Nov-2017		13,564		14,106		542

						$33,981		$34,874		$549


314		SEI Institutional Managed Trust / Annual Report / September 30, 2017

A list of the open forward foreign currency contracts held by the Fund at September 30, 2017, is as follows:


Counterparty	Settlement Date		Currency to Deliver (Thousands)			Currency to Receive (Thousands)		Unrealized Appreciation (Depreciation) ($ Thousands)
Bank of America	11/03/17	BRL		5,169	USD		1,611	$	(16	)
Barclays PLC	10/26/17	JPY		1,300,000	USD		11,677		111
BNP Paribas	10/04/17	USD		618	EUR		522		–
BNP Paribas	11/30/17	NZD		1,327	AUD		1,220		(2	)
BNP Paribas	12/01/17	GBP		1,003	USD		1,358		11
Brown Brothers Harriman	10/04/17	USD		156	EUR		132		–
Brown Brothers Harriman	10/04/17	EUR		791	USD		942		7
Brown Brothers Harriman	10/04/17	EUR		142	USD		167		(1	)
Brown Brothers Harriman	10/17/17	USD		62	TRY		217		(1	)
Brown Brothers Harriman	11/30/17	NZD		225	USD		163		–
Brown Brothers Harriman	12/13/17	USD		888	SEK		7,091		(15	)
Citigroup	10/04/17	EUR		477	USD		547		(17	)
Citigroup	10/06/17	USD		908	MXN		16,374		(7	)
Citigroup	10/26/17	KRW		1,814,144	USD		1,623		37
Citigroup	11/10/17	CAD		5,182	USD		4,136		(9	)
Citigroup	11/22/17	USD		1,824	RUB		105,346		(12	)
Citigroup	11/22/17	TWD		48,289	USD		1,593		(2	)
Credit Suisse First Boston	10/03/17	BRL		5,169	USD		1,623		(11	)
Credit Suisse First Boston	10/26/17	USD		1,134	MYR		4,871		20
Credit Suisse First Boston	10/26/17	MYR		4,875	USD		1,166		10
Credit Suisse First Boston	12/13/17	SEK		7,201	USD		891		5
Deutsche Bank	10/04/17	EUR		582	USD		667		(22	)
Deutsche Bank	11/30/17	AUD		2,756	USD		2,200		40
JPMorgan Chase Bank	10/17/17	USD		569	TRY		1,981		(15	)
JPMorgan Chase Bank	11/22/17	USD		1,608	TWD		48,263		(14	)
Morgan Stanley	12/01/17	USD		1,193	GBP		877		(15	)
RBS	11/10/17	USD		1,227	CAD		1,500		(27	)
RBS	12/13/17	USD		861	NOK		6,722		(15	)
Standard Chartered	10/06/17	USD		932	MXN		16,495		(24	)

								$	16

A list of the open OTC swap agreements held by the Fund at September 30, 2017 is as follows:

Interest Rate Swap

Counterparty

Fund Pays

Fund Receives

Payment Frequency

Termination

Date

Currency

Notional
Amount
(Thousands)

Value

($ Thousands)

Upfront
Payments
($ Thousands)

Net Unrealized
(Depreciation)
($ Thousands)

JPMorgan Chase

2.8325%

3-MONTH USD
- LIBOR

Quarterly

04/12/2042

USD

$480

$(35)

$–

$(35)


SEI Institutional Managed Trust / Annual Report / September 30, 2017			315

CONSOLIDATED SCHEDULE OF INVESTMENTS

September 30, 2017

Multi-Asset Inflation Managed Fund (Continued)


Credit Default Swaps
Counterparty	Reference Entity/ Obligation	Buy/Sell Protection	(Pays)/Receives Rate	Payment Frequency	Termination Date	Notional Amount ($ Thousands)	Value ($ Thousands)		Upfront Payments/ Receipts ($ Thousands)		Net Unrealized Appreciation (Depreciation) ($ Thousands)
Deutsche Bank	CMBX.BBB.6	Sell	3.00%	Monthly	05/11/2063	$(634)		$(96)		$(54)		$(42)
Goldman Sachs	CMBX.BBB.6	Sell	3.00%	Monthly	05/11/2063	(835)		(127)		(67)		(60)
Goldman Sachs	CMBX.BBB.6	Sell	3.00%	Monthly	05/11/2063	(261)		(39)		(18)		(21)
Goldman Sachs	CMBX.BBB.6	Sell	3.00%	Monthly	05/11/2063	(65)		(9)		(7)		(2)
Goldman Sachs	CMBX.BBB.6	Sell	3.00%	Monthly	05/11/2063	(32)		(5)		(3)		(2)
Goldman Sachs	CMBX.BBB.6	Sell	3.00%	Monthly	05/11/2063	(16)		(3)		(1)		(2)
Deutsche Bank	CMBX.BBB.6	Sell	3.00%	Monthly	05/11/2063	(33)		(5)		(4)		(1)
Goldman Sachs	CMBX.BBB.6	Sell	3.00%	Monthly	05/11/2063	(194)		(30)		(18)		(12)
Goldman Sachs	CMBX.BBB.6	Sell	3.00%	Monthly	05/11/2063	(32)		(5)		(3)		(2)
Deutsche Bank	CMBX.BBB.6	Sell	3.00%	Monthly	05/11/2063	(201)		(30)		(27)		(3)
Goldman Sachs	CMBX.NA.AAA.9	Buy	0.50%	Monthly	09/17/2058	964		1		13		(12)
Credit Suisse	CMBX.NA.AAA.9	Buy	0.50%	Monthly	09/17/2058	2,641		4		34		(30)
Citibank	CMBX.NA.AAA.9	Buy	0.50%	Monthly	09/17/2058	73		–		1		(1)
Credit Suisse	CMBX.NA.AAA.9	Buy	0.50%	Monthly	09/17/2058	25		–		–		–
Deutsche Bank	CMBX.NA.AAA.9	Buy	0.50%	Monthly	09/17/2058	881		1		12		(11)
Deutsche Bank	CMBX.NA.AAA.9	Buy	0.50%	Monthly	09/17/2058	3,320		5		36		(31)
Deutsche Bank	CMBX.NA.AAA.9	Buy	0.50%	Monthly	09/17/2058	996		2		11		(9)
Goldman Sachs	CMBX.NA.AAA.9	Buy	0.50%	Monthly	09/17/2058	216		–		2		(2)
Credit Suisse	CMBX.NA.BBB-.6	Sell	3.00%	Monthly	05/11/2063	(812)		(123)		(55)		(68)
Credit Suisse	CMBX.NA.BBB-.6	Sell	3.00%	Monthly	05/11/2063	(227)		(34)		(16)		(18)
Goldman Sachs	CMBX.NA.BBB-.6	Sell	3.00%	Quarterly	05/11/2063	(1,324)		(196)		2		(198)
Deutsche Bank	CMBX.NA.BBB-.6	Sell	3.00%	Monthly	05/11/2063	(1,093)		(166)		(80)		(86)
Deutsche Bank	CMBX.NA.BBB-.6	Sell	3.00%	Monthly	05/11/2063	(42)		(6)		(2)		(4)
Citibank	CMBX.NA.BBB-.6	Sell	3.00%	Monthly	05/11/2063	(254)		(38)		(35)		(3)
Goldman Sachs	CMBX.NA.BBB-.6	Sell	3.00%	Monthly	05/11/2063	(329)		(50)		(47)		(3)
Deutsche Bank	CMBX.NA.BBB-.6	Sell	3.00%	Monthly	05/11/2063	(113)		(17)		(14)		(3)
Deutsche Bank	CMBX.NA.BBB-.6	Sell	3.00%	Monthly	05/11/2063	(330)		(50)		(38)		(12)
Goldman Sachs	CMBX.NA.BBB-.6	Sell	3.00%	Monthly	05/11/2063	(222)		(34)		(25)		(9)
Goldman Sachs	CMBX.NA.BBB-.6	Sell	3.00%	Monthly	05/11/2063	(727)		(110)		(88)		(22)
Citibank	CMBX.NA.BBB-.6	Sell	3.00%	Monthly	05/11/2063	(240)		(36)		(34)		(2)
Deutsche Bank	CMBX.NA.BBB-.6	Sell	3.00%	Monthly	05/11/2063	(112)		(16)		(13)		(3)
Credit Suisse	CMBX-A-.6	Sell	2.00%	Monthly	05/11/2063	(1,305)		(77)		(31)		(46)
Citibank	Sprint Comminications	Buy	5.00%	Quarterly	06/20/2019	793		(63)		(17)		(46)
Citibank	Sprint Comminications	Buy	5.00%	Quarterly	06/20/2019	692		(55)		(15)		(40)

							$(1,407)		$(601)		$(806)


316		SEI Institutional Managed Trust / Annual Report / September 30, 2017

A list of the open centrally cleared swap agreements held by the Fund at September 30, 2017 is as follows:


Interest Rate Swaps
Fund Pays	Fund Receives	Payment Frequency	Termination Date	Currency	Notional Amount (Thousands)		Value ($ Thousands)			Upfront Payments/ Receipts ($ Thousands)		Net Unrealized Appreciation (Depreciation) ($ Thousands)
1.60%	3-MONTH USD - LIBOR	Quarterly	10/25/2026	USD		6,110	$	310		$	–	$	310
1.66%	3-MONTH USD - LIBOR	Quarterly	11/08/2026	USD		1,490		73			–		73
1.67%	3-MONTH USD - LIBOR	Quarterly	11/09/2026	USD		1,490		71			–		71
2.293%	3-MONTH USD - LIBOR	Quarterly	08/04/2025	USD		2,717		(22	)		–		(22	)
1.99%	3-MONTH USD - LIBOR	Quarterly	04/21/2025	USD		2,760		20			–		20
2.31%	3-MONTH USD - LIBOR	Quarterly	05/18/2025	USD		2,820		(44	)		–		(44	)
2.49%	3-MONTH USD - LIBOR	Quarterly	06/09/2025	USD		1,710		(48	)		–		(48	)
3-MONTH USD - LIBOR	3.3105%	Semi-Annual	05/06/2034	USD		1,510		192			–		192
2.631%	3-MONTH USD -LIBOR	Quarterly	11/10/2035	USD		2,970		(80	)		–		(80	)
3-MONTH USD - LIBOR	1.96%	Semi-Annual	10/25/2046	USD		710		(88	)		–		(88	)
0.241%	6-MONTH JPY - LIBOR	Semi-Annual	08/29/2027	JPY		1,316,770		66			–		66
2.44%	3-MONTH USD - LIBOR	Quarterly	04/04/2027	USD		10,400		(228	)		–		(228	)
7.09%	28-DAY MXN - TIIE	Monthly	06/14/2027	MXN		6,572		(1	)		–		(1	)
2.3545%	3-MONTH USD - LIBOR	Quarterly	07/12/2027	USD		2,140		(16	)		–		(16	)
3-MONTH USD - LIBOR	1.28%	Semi-Annual	10/25/2021	USD		1,465		(34	)		–		(34	)
3-MONTH NZD - BKBM	2.94%	Semi-Annual	03/31/2022	NZD		7,850		64			–		64
3-MONTH SEK -STIBOR	0.34%	Annual	03/31/2022	SEK		38,480		6			–		6
1.69%	3-MONTH USD - LIBOR	Quarterly	08/06/2020	USD		10,830		38			–		38
3-MONTH USD - LIBOR	1.54%	Semi-Annual	02/27/2019	USD		13,065		(16	)		–		(16	)
1.567%	3-MONTH USD -LIBOR	Quarterly	04/01/2020	USD		5,135		29			–		29
28-DAY MXN -TIIE	6.77%	Monthly	06/22/2020	MXN		18,035		(3	)		–		(3	)
3-MONTH USD -LIBOR	2.63%	Semi-Annual	05/29/2024	USD		1,990		77			–		77
2.674%	3-MONTH USD - LIBOR	Quarterly	07/10/2024	USD		2,570		(96	)		–		(96	)
3-MONTH USD - LIBOR	2.668%	Semi-Annual	07/18/2024	USD		2,060		75			–		75
2.63%	3-MONTH USD -LIBOR	Quarterly	05/23/2024	USD		3,980		(155	)		–		(155	)
2.9795%	3-MONTH USD - LIBOR	Quarterly	01/14/2024	USD		2,630		(146	)		–		(146	)
2.8885%	3-MONTH USD - LIBOR	Quarterly	02/14/2024	USD		2,310		(112	)		–		(112	)
2.817%	3-MONTH USD - LIBOR	Quarterly	04/28/2024	USD		3,520		(185	)		–		(185	)

							$	(253	)	$	–	$	(253	)

A list of the open reverse repurchase agreements held by the Fund at September 30, 2017 is as follows:


Principal Amount ($ Thousands)		Counterparty	Rate			Maturity	Value ($ Thousands)
	$(38,511)	Chase Securities		1.28	%	10/16/2017	$	(38,511	)
	(35,063)	Chase Securities		1.28	%	10/19/2017		(35,063	)
	(28,879)	Chase Securities		1.25	%	10/12/2017		(28,879	)
	(6,045)	Chase Securities		1.22	%	Open Ended		(6,045	)
	(2,994)	Chase Securities		1.12	%	Open Ended		(2,994	)
	(18,360)	Chase Securities		1.08	%	Open Ended		(18,360	)
	(21,408)	Chase Securities		1.08	%	Open Ended		(21,408	)
	(8,285)	Merrill Lynch		1.35	%	10/10/2017		(8,285	)

							$(159,545)

Percentages are based on Net Assets of $889,697 ($ Thousands).

*	Non-income producing security.

**	Security, or a portion thereof, is held by the Inflation Commodity Strategy Subsidiary, Ltd. as of September 30, 2017.

‡	Real Estate Investment Trust.

(A)	Zero coupon security. The rate shown on the Schedule of Investments is the security’s effective yield at the time of purchase.

(B)	Security, or a portion thereof, has been pledged as collateral on open swap agreements.

(C)	Security, or a portion thereof, has been pledged as collateral on securities sold short.

(D)

Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration normally to qualified institutions. On September 30, 2017, the value of these securities amounted to $55,373 ($ Thousands), representing 6.2% of the Net Assets of the Fund.

(E)	Security is in default on interest payment.

(F)	Variable or floating rate security, the interest rate of which adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets.

(G)	Rate is negative due to the decrease in value of the foreign currency against the U.S. Dollar.

(H)	Security, or portion thereof, has been pledged as collateral on open futures contracts.


SEI Institutional Managed Trust / Annual Report / September 30, 2017			317

CONSOLIDATED SCHEDULE OF INVESTMENTS

September 30, 2017

Multi-Asset Inflation Managed Fund (Concluded)

AUD — Australian Dollar

BKBM — Bank Bill Reference Rate

BRL — Brazilian Real

CAD — Canadian Dollar

Cl — Class

CMO — Collateralized Mortgage Obligation

CPI — Consumer Price Index

EAFE — Europe, Australasia and Far East

EUR — Euro

EURIBOR — Euro Interbank Offered Rate

FHLMC — Federal Home Loan Mortgage Corporation

FNMA — Federal National Mortgage Association

GBP — British Pound Sterling

GNMA — Government National Mortgage Association

HRW — Hard Red Winter

ICE — Intercontinental Exchange

IO — Interest Only

JPY — Japanese Yen

KRW — Korean Won

LIBOR — London Interbank Offered Rate

LME — London Metal Exchange

MSCI — Morgan Stanley Capital International

MTN — Medium Term Note

MXN — Mexican Peso

MYR — Malaysian Ringgit

NOK — Norwegian Krone

NZD — New Zealand Dollar

OTC — Over-the-Counter

PLC — Public Limited Company

RUB — Russian Ruble

S&P— Standard & Poor’s

SEK — Swedish Krona

Ser — Series

STIBOR — Stockholm Interbank Offered Rate

TIIE — Interbank Equilibrium Interest Rate

TRY — New Turkish Lira

TWD — Taiwanese Dollar

ULSD — Ultra-Low-Sulfur Diesel

USD — United States Dollar

VAR — Variable Rate

WTI — West Texas Intermediate

ZAR — South African Rand

The following is a list of the level of inputs used as of September 30, 2017, in valuing the Fund’s investments and other financial instruments carried at value ($ Thousands):



Investments in Securities	Level 1			Level 2			Level 3		Total
U.S. Treasury Obligations	$	–		$	598,870		$	–	$	598,870
Common Stock		256,341			–			–		256,341
Corporate Obligations		–			69,949			–		69,949
Mortgage-Backed Securities		–			49,271			–		49,271
Asset-Backed Securities		–			23,939			–		23,939
Sovereign Debt		–			16,309			–		16,309


Total Investments in Securities	$	256,341		$	758,338		$	–	$	1,014,679


Securities Sold Short	Level 1			Level 2			Level 3		Total

Common Stock	$	(116,203	)	$	–		$	–	$	(116,203	)

Total Securities Sold Short	$	(116,203	)	$	–		$	–	$	(116,203	)



Other Financial Instruments	Level 1			Level 2			Level 3		Total
Futures Contracts *
Unrealized Appreciation	$	5,281		$	—		$	—	$	5,281
Unrealized Depreciation		(4,732	)		—			—		(4,732	)
Forwards Contracts *
Unrealized Appreciation		—			241			—		241
Unrealized Depreciation		—			(225	)		—		(225	)
OTC Swaps
Interest Rate Swap *
Unrealized Depreciation		—			(35	)		—		(35	)
Credit Default Swaps *
Unrealized Depreciation		—			(806	)		—		(806	)
Centrally Cleared Swaps
Interest Rate Swaps *
Unrealized Appreciation		—			1,021			—		1,021
Unrealized Depreciation		—			(1,274	)		—		(1,274	)
Reverse Repurchase
Agreements		—			(159,545	)		—		(159,545	)


Total Other Financial Instruments	$	549		$	(160,623	)	$	—	$	(160,074	)

* Futures contracts, forward contracts and swap contracts are valued at the unrealized appreciation (depreciation) on the instrument.

For the year ended September 30, 2017, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the year ended September 30, 2017, there were no transfers between Level 2 and Level 3 assets and liabilities.

For more information on valuation inputs, see Note 2 – Significant Accounting Policies in Notes to Financial Statements.

Amounts designated as “—” are $0 or have been rounded to $0.

The accompanying notes are an integral part of the financial statements.


318		SEI Institutional Managed Trust / Annual Report / September 30, 2017

SCHEDULE OF INVESTMENTS

September 30, 2017

Multi-Asset Capital Stability Fund

LOGO

^†Percentages are based on total investments.



Description	Face Amount (Thousands)		Market Value ($ Thousands)
U.S. TREASURY OBLIGATIONS — 50.7%
U.S. Treasury Bills
1.033%, 11/09/2017 (A)		$ 73,350		$ 73,276
1.013%, 11/16/2017 (A)		73,670		73,581
0.993%, 11/24/2017 (A)		73,827		73,719
U.S. Treasury Inflation Protected Securities
3.875%, 04/15/2029		2,801		3,810
3.625%, 04/15/2028		1,841		2,410
3.375%, 04/15/2032		682		940
2.500%, 01/15/2029		2,869		3,463
2.375%, 01/15/2025		4,201		4,799
2.375%, 01/15/2027		2,545		2,976
2.125%, 01/15/2019		2,402		2,477
2.125%, 02/15/2040		1,420		1,787
2.125%, 02/15/2041		1,433		1,813
2.000%, 01/15/2026		3,086		3,471
1.875%, 07/15/2019		2,715		2,828
1.750%, 01/15/2028		2,524		2,825
1.375%, 01/15/2020		1,349		1,397
1.375%, 02/15/2044		3,371		3,719
1.250%, 07/15/2020		3,437		3,582
1.125%, 01/15/2021		5,206		5,413
1.000%, 02/15/2046		2,356		2,390
0.875%, 02/15/2047		1,741		1,715
0.750%, 02/15/2042		2,634		2,544
0.750%, 02/15/2045		3,195		3,048
0.625%, 07/15/2021		3,697		3,800
0.625%, 01/15/2024		4,999		5,104
0.625%, 01/15/2026		6,360		6,446
0.625%, 02/15/2043		2,097		1,959
0.375%, 07/15/2023		7,001		7,092
0.375%, 07/15/2025		5,122		5,123
0.375%, 01/15/2027		4,849		4,790
0.375%, 07/15/2027		3,119		3,089
0.250%, 01/15/2025		4,400		4,356
0.125%, 04/15/2019		7,307		7,335
0.125%, 04/15/2020		7,436		7,473
0.125%, 04/15/2021		7,506		7,529
0.125%, 01/15/2022		7,787		7,811
0.125%, 04/15/2022		4,539		4,539
0.125%, 07/15/2022		5,596		5,622
0.125%, 01/15/2023		7,004		6,987
0.125%, 07/15/2024		6,507		6,441


Description	Face Amount (Thousands)			Market Value ($ Thousands)
U.S. TREASURY OBLIGATIONS (continued)
0.125%, 07/15/2026	$	4,473		$	4,350

Total U.S. Treasury Obligations (Cost $377,180) ($ Thousands)					377,829


SOVEREIGN DEBT — 21.4%
Japan Treasury Discount Bill
-0.201%, 12/11/2017 (A)(B)		JPY 14,324,000			127,283
Japanese Government CPI Linked Bond
0.100%, 03/10/2026		3,468,022			32,031


Total Sovereign Debt (Cost $167,037) ($ Thousands)					159,314


U.S. GOVERNMENT AGENCY OBLIGATION — 2.8%
FHLMC
1.375%, 05/01/2020	$	20,969			20,855


Total U.S. Government Agency Obligation (Cost $20,850) ($ Thousands)					20,855


Total Investments in Securities— 74.9% (Cost $565,067) ($ Thousands)				$	557,998

	Contracts
*PURCHASED OPTIONS — 0.0%**

Total Purchased Options (C) (Cost $329) ($ Thousands)		2,364,395		$	227


*WRITTEN OPTIONS — 0.0%**

Total Written Options (C) (Premiums Received $471) ($ Thousands)		(10,464,395	)	$	(192)


SEI Institutional Management Trust / Annual Report / September 30, 2017			319

SCHEDULE OF INVESTMENTS

September 30, 2017

Multi-Asset Capital Stability Fund (Continued)

A list of the open exchange traded options contracts held by the Fund at September 30, 2017, is as follows:

Description

Number of Contracts

Notional Amount

($ Thousands)

Exercise Price

Expiration Date

Value
($ Thousands)

PURCHASED OPTION — 0.0%

Call Options

SPDR S&P 500 ETF Trust*

1,195

$ 73

$253.00

10/21/17

$ 99

WRITTEN OPTION — 0.0%

Put Options

SPDR S&P 500 ETF Trust*

(1,195)

$ (71)

237.00

10/21/17

$ (21)

A list of the open OTC options contracts held by the Fund at September 30, 2017, is as follows:


Description	Counterparty	Number of Contracts		Notional Amount ($ Thousands)		Exercise Price		Expiration Date		Value ($ Thousands)

PURCHASED OPTIONS — 0.0%

Put Options
August 2018, MXN Call, USD Put*	Credit Suisse First Boston		1,800,000	$	30		$17.50		08/18/18	$	21


Call Options
iShares MSCI Emerging Markets ETF*	Deutsche Bank		563,200		226		47.00		11/18/17		107

Total Purchased Option				$	256					$	128

WRITTEN OPTIONS — 0.0%

Put Options
iShares MSCI Emerging Markets ETF*	Deutsche Bank		(563,200)	$	(231)		41.50		11/18/17	$	(130)
October 2017, RUB Put, USD Call*	Citigroup		(3,500,000)		(108)		77.62		10/21/17		–

					(339)						(130)


Call Options
August 2018, USD Call, MXN Put*	Credit Suisse First Boston		(1,800,000)		(35)		22.00		08/18/18		(24)
November 2017, MXN Put, CAD Call*	Goldman Sachs		(4,600,000)		(26)		15.00		11/18/17		(17)

					(61)						(41)

Total Written Option				$	(400)					$	(171)

A list of the open futures contracts held by the Fund at September 30, 2017, is as follows:



Type of Contract	Number of Contracts Long (Short)		Expiration Date	Notional Amount ($ Thousands)		Value ($ Thousands)		Unrealized Appreciation (Depreciation) ($ Thousands)

Canadian 10-Year Bond		186	Dec-2017		$20,396		$20,122		$(342)
Japanese 10-Year Bond		(17)	Dec-2017		(23,681)		(22,706)		108
Long Gilt 10-Year Bond		80	Dec-2017		13,010		13,296		(307)
MSCI EAFE Index E-MINI		500	Dec-2017		$49,290		$49,460		$170
S&P 500 Index E-MINI		478	Dec-2017		58,909		60,135		1,226
S&P TSX 60 Index		36	Dec-2017		5,202		5,289		242
U.S. 10-Year Treasury Note		364	Dec-2017		46,100		45,614		(486)
U.S. 5-Year Treasury Note		217	Dec-2017		25,664		25,498		(166)

					$194,890		$196,708		$445


320		SEI Institutional Management Trust / Annual Report / September 30, 2017

A list of the open forward foreign currency contracts held by the Fund at September 30, 2017, is as follows:



Counterparty	Settlement Date		Currency to Deliver (Thousands)			Currency to Receive (Thousands)			Unrealized Appreciation (Depreciation) ($ Thousands)

ANZ	11/15/17	USD		736	AUD		928	$		(8)
ANZ	11/15/17	USD		1,120	JPY		124,272			(13)
ANZ	11/15/17	JPY		123,872	NZD		1,530			2
ANZ	12/13/17 - 12/18/17	CNH		67,043	USD		10,189			152
ANZ	01/16/18	AUD		1,432	JPY		125,340			(2)
Bank of America	10/17/17 - 11/15/17	USD		4,382	RUB		265,820			200
Bank of America	11/22/17	USD		738	RUB		42,873			—
Bank of America	10/26/17	KRW		852,420	USD		744			(1)
Bank of America	11/03/17	USD		3,140	BRL		10,024			15
Bank of America	11/15/17	CAD		1,389	USD		1,108			(3)
Bank of America	11/15/17	USD		1,458	TRY		5,165			(25)
Bank of America	11/15/17	CHF		1,785	USD		1,854			3
Bank of America	11/15/17	USD		1,826	INR		117,412			(40)
Bank of America	12/18/17	USD		1,543	PLN		5,494			(35)
Bank of America	12/18/17	NOK		5,747	USD		744			20
Bank of America	12/22/17	JPY		14,331,291	USD		133,161			5,274
Bank of America	01/16/18	USD		1,123	SEK		9,078			(3)
Bank of America	01/16/18	USD		1,827	MXN		33,280			(26)
Bank of America	01/16/18	AUD		2,343	USD		1,857			21
Barclays PLC	10/18/17 - 12/20/17	USD		7,436	TWD		223,574			(47)
Barclays PLC	10/18/17 - 11/15/17	TWD		77,799	USD		2,574			7
Barclays PLC	11/03/17 - 12/20/17	TWD		134,789	USD		4,450			(6)
Barclays PLC	10/26/17	USD		2,705	MYR		11,618			48
Barclays PLC	10/26/17	MYR		7,911	USD		1,840			(35)
Barclays PLC	11/15/17	USD		732	ZAR		9,934			(2)
Barclays PLC	11/15/17	USD		738	SEK		5,953			(6)
Barclays PLC	11/15/17	GBP		832	USD		1,119			1
Barclays PLC	11/15/17	CHF		1,055	SEK		8,807			(12)
Barclays PLC	11/15/17	USD		1,075	TRY		3,894			5
Barclays PLC	11/15/17	USD		1,121	CZK		24,350			(10)
Barclays PLC	11/15/17	NZD		1,530	JPY		120,478			(32)
Barclays PLC	12/18/17	CAD		691	USD		566			13
Barclays PLC	11/15/17	CAD		1,385	USD		1,104			(4)
Barclays PLC	11/15/17	USD		2,625	JPY		285,445			(84)
Barclays PLC	11/15/17	CHF		4,262	USD		4,445			25
Barclays PLC	11/15/17 - 12/14/17	USD		9,542	INR		614,853			(198)
Barclays PLC	11/15/17	USD		3,688	CAD		4,651			32
Barclays PLC	11/15/17 - 12/18/17	USD		7,598	CAD		9,376			(97)
Barclays PLC	11/15/17	SEK		11,787	GBP		1,141			85
Barclays PLC	11/15/17	SEK		35,957	USD		4,444			26
Barclays PLC	11/15/17	RUB		65,213	USD		1,112			(11)
Barclays PLC	11/15/17 - 12/14/17	INR		950,531	USD		14,620			170
Barclays PLC	11/15/17 - 01/16/18	JPY		4,261,781	USD		39,222			1,206
Barclays PLC	12/13/17	USD		753	CNH		4,976			(8)
Barclays PLC	12/13/17 - 12/15/17	CNH		36,453	USD		5,540			81
BNP Paribas	11/15/17	USD		743	HUF		191,425			(13)
BNP Paribas	11/15/17	USD		1,812	MXN		32,986			(9)
BNP Paribas	11/15/17 - 01/16/18	CAD		4,933	USD		3,965			18


SEI Institutional Management Trust / Annual Report / September 30, 2017			321

SCHEDULE OF INVESTMENTS

September 30, 2017

Multi-Asset Capital Stability Fund (Continued)


Counterparty	Settlement Date			Currency to Deliver (Thousands)			Currency to Receive (Thousands)		Unrealized Appreciation (Depreciation) ($ Thousands)
BNP Paribas		11/15/17	MXN		40,034	USD		2,227	$ 39
BNP Paribas		12/18/17	USD		1,807	CZK		39,194	(12)
BNP Paribas		01/16/18	NZD		1,525	USD		1,106	6
Brown Brothers Harriman		11/15/17 - 12/18/17	USD		417	NZD		571	(5)
Brown Brothers Harriman		11/15/17	NZD		492	USD		365	10
Brown Brothers Harriman		12/18/17	NZD		79	USD		57	—
Brown Brothers Harriman		11/15/17 - 12/18/17	USD		690	GBP		522	12
Brown Brothers Harriman		12/18/17	SGD		84	USD		62	—
Brown Brothers Harriman		12/18/17	GBP		261	USD		342	(9)
Brown Brothers Harriman		12/18/17	USD		282	HUF		72,044	(6)
Brown Brothers Harriman		12/18/17	USD		396	CAD		497	2
Brown Brothers Harriman		12/18/17	USD		5,605	SEK		44,420	(135)
Citigroup		10/17/17	USD		1,736	ARS		30,981	31
Citigroup		10/17/17	ARS		30,981	USD		1,684	(83)
Citigroup		11/15/17	EUR		619	AUD		926	(8)
Citigroup		11/15/17	USD		734	RUB		44,981	41
Citigroup		11/15/17	USD		737	HUF		191,049	(8)
Citigroup		11/15/17	USD		737	SEK		5,945	(7)
Citigroup		11/15/17	AUD		930	JPY		80,116	(16)
Citigroup		11/15/17	USD		1,116	EUR		940	(2)
Citigroup		11/15/17	EUR		1,552	USD		1,852	12
Citigroup		01/16/18	USD		1,117	AUD		1,426	—
Citigroup		11/15/17	USD		737	AUD		935	(4)
Citigroup		11/15/17 - 01/16/18	USD		2,506	TRY		9,138	16
Citigroup		11/15/17	TRY		2,635	USD		743	12
Citigroup		11/15/17	USD		3,077	CHF		2,944	(24)
Citigroup		11/15/17	CAD		4,637	USD		3,691	(18)
Citigroup		11/15/17	SEK		5,875	GBP		563	34
Citigroup		11/15/17	SEK		7,833	USD		960	(3)
Citigroup		11/15/17	ZAR		9,934	USD		738	8
Citigroup		11/15/17	RUB		29,860	USD		497	(17)
Citigroup		12/15/17	USD		1,854	CNH		12,226	(23)
Citigroup		12/18/17	USD		4,049	NOK		31,441	(90)
Citigroup		12/18/17	USD		6,682	CNY		43,915	(106)
Citigroup		12/18/17	KRW		454,832	USD		401	3
Citigroup		01/16/18	USD		1,128	CZK		24,728	8
Citigroup		01/16/18	CNH		12,363	USD		1,846	(1)
Credit Suisse First Boston		11/15/17	CAD		935	USD		734	(14)
Credit Suisse First Boston		12/04/17	USD		913	BRL		2,922	3
Deutsche Bank		11/15/17	USD		1,108	SEK		8,968	(6)
Deutsche Bank		11/15/17	USD		1,874	HUF		483,593	(28)
Deutsche Bank		11/15/17 - 12/20/17	TWD		56,123	USD		1,861	7
Goldman Sachs		10/03/17	USD		2,028	BRL		6,467	16
Goldman Sachs		10/03/17	BRL		2,307	USD		726	(3)
Goldman Sachs		11/15/17	EUR		621	NOK		5,808	(5)
Goldman Sachs		11/15/17	NOK		8,641	EUR		928	13
Goldman Sachs		11/15/17 - 01/16/18	MXN		20,458	USD		1,112	—
Goldman Sachs		11/15/17	JPY		204,382	USD		1,858	39
Goldman Sachs		12/18/17	USD		2,084	EUR		1,737	(21)
Goldman Sachs		12/18/17	NZD		3,281	USD		2,361	(7)


322		SEI Institutional Management Trust / Annual Report / September 30, 2017



Counterparty	Settlement Date			Currency to Deliver (Thousands)			Currency to Receive (Thousands)		Unrealized Appreciation (Depreciation) ($ Thousands)
JPMorgan Chase Bank		11/15/17	USD		1,111	CAD		1,383		$ (5)
JPMorgan Chase Bank		11/15/17	GBP		1,965	USD		2,572		(68)
JPMorgan Chase Bank		11/15/17	AUD		2,335	USD		1,839		8
JPMorgan Chase Bank		11/15/17	USD		3,705	JPY		404,318		(105)
JPMorgan Chase Bank		01/16/18	USD		2,917	MXN		54,060		10
JPMorgan Chase Bank		11/15/17	USD		962	MXN		17,442		(9)
JPMorgan Chase Bank		11/15/17	TRY		3,959	USD		1,087		(11)
JPMorgan Chase Bank		11/15/17	JPY		81,572	USD		744		18
Montgomery/Bank of America		10/17/17	RUB		59,158	USD		868		(157)
Morgan Stanley		11/15/17	USD		1,108	CNH		7,307		(12)
Morgan Stanley		11/15/17	USD		1,105	SEK		9,071		9
Morgan Stanley		11/15/17	USD		1,849	SEK		14,865		(23)
Morgan Stanley		12/27/17	CNH		12,252	USD		1,854		20
Nomura Securities International		11/15/17	JPY		121,909	USD		1,109		24
RBS		11/15/17	EUR		622	USD		738		1
RBS		11/15/17	USD		1,477	CAD		1,830		(13)
RBS		11/15/17	USD		5,117	INR		328,944		(113)
RBS		11/15/17	INR		110,678	USD		1,711		28
RBS		11/15/17	HUF		486,744	USD		1,846		(11)
RBS		11/15/17	KRW		2,899,048	USD		2,577		42
RBS		12/18/17	SEK		9,061	USD		1,119		3
RBS		01/16/18	USD		1,115	NZD		1,525		(15)
RBS		01/16/18	NZD		2,074	USD		1,492		(4)
Standard Chartered		11/15/17	USD		740	TRY		2,586		(23)
Standard Chartered		11/15/17	USD		1,178	SEK		9,590		–
Standard Chartered		11/15/17	CNH		7,307	USD		1,108		12
Standard Chartered		11/15/17	SEK		5,996	USD		756		20
Standard Chartered		11/15/17	SEK		5,995	USD		733		(4)
Standard Chartered		11/15/17	JPY		243,678	USD		2,199		29
Standard Chartered		01/16/18	USD		747	GBP		549		(8)
UBS		11/15/17	USD		1,120	JPY		125,532		(2)
UBS		11/15/17	CHF		1,061	USD		1,105		5
UBS		01/16/18	CHF		1,085	USD		1,121		(10)
UBS		11/15/17 - 01/16/18	USD		3,728	GBP		2,761		(15)
UBS		11/15/17	JPY		160,005	USD		1,469		44

									$ 5,990

A list of the open centrally cleared swap agreements held by the Fund at September 30, 2017 is as follows:


Credit Default Swaps
Reference Entity/Obligation	Buy/Sell Protection	(Pays)/ Receives Rate	Payment Frequency	Termination Date	Notional Amount ($ Thousands)		Value ($ Thousands)		Upfront Payments/ Receipts ($ Thousands)		Net Unrealized Appreciation ($ Thousands)
CDX.NA.IG.27	Sell	1.00%	Quarterly	12/20/2021		(3,590)		$ 80		$ 60		$ 20
CDX.NA.IG.27	Sell	5.00%	Quarterly	12/20/2021		(5,257)		408		374		34
CDX.NA.IG.28	Sell	1.00%	Quarterly	06/20/2022		(8,700)		183		150		33
CDX.NA.IG.28	Sell	5.00%	Quarterly	06/20/2022		(6,820)		524		505		19
Itraxx.EUR.Xover.26	Sell	5.00%	Quarterly	12/20/2021		(710)		145		67		78
Itraxx.EUR.Xover.27	Sell	5.00%	Quarterly	06/20/2022		(1,740)		258		198		60

							$ 1,598		$ 1,354		$ 244


SEI Institutional Management Trust / Annual Report / September 30, 2017			323

SCHEDULE OF INVESTMENTS

September 30, 2017

Multi-Asset Capital Stability Fund (Concluded)


Interest Rate Swaps
Fund Pays	Fund Receives	Payment Frequency	Termination Date		Currency	Notional Amount (Thousands)		Value ($ Thousands)		Upfront Payments/ Receipts ($ Thousands)		Net Unrealized Appreciation (Depreciation) ($ Thousands)
6-MONTH AUD - BBSW	2.81%	Semi-Annual		08/23/2027	AUD		5,370	$	(63)	$	–	$	(63)
3-MONTH NZD - BKBM	3.28%	Semi-Annual		08/04/2027	NZD		4,400		9		–		9
3-MONTH NZD - BKBM	3.14%	Semi-Annual		08/24/2027	NZD		6,020		(38)		–		(38)
3-MONTH NZD - BKBM	3.13%	Semi-Annual		09/04/2027	NZD		5,540		(40)		–		(40)
6-MONTH AUD - BBSW	2.83%	Semi-Annual		09/01/2027	AUD		4,770		(52)		–		(52)
3-MONTH NZD - BKBM	3.24%	Semi-Annual		05/25/2027	NZD		3,970		3		–		3
6-MONTH AUD - BBSW	2.72%	Semi-Annual		05/24/2027	AUD		3,880		(65)		–		(65)
6-MONTH AUD - BBSW	2.91%	Semi-Annual		07/20/2027	AUD		3,860		(17)		–		(17)
6-MONTH AUD - BBSW	2.87%	Semi-Annual		08/03/2027	AUD		4,200		(32)		–		(32)
3-MONTH NZD - BKBM	3.31%	Semi-Annual		07/21/2027	NZD		4,560		18		–		18

								$	(277)	$	–	$	(277)

Percentages are based on Net Assets of $744,593 ($ Thousands).

*	Non-income producing security.

(A)	Zero coupon security. The rate shown on the Schedule of Investments is the security’s effective yield at the time of purchase.

(B)	Rate is negative due to the decrease in value of the foreign currency against the U.S. Dollar.

(C)	Refer to table below for details on Options Contracts.

ARS – Argentine Peso

AUD – Australian Dollar

BRL – Brazilian Real

CAD – Canadian Dollar

CHF – Swiss Franc

CNH – Chinese Yuan Offshore

CNY – Chinese Yuan Onshore

CPI – Consumer Price Index

CZK – Czech Koruna

EAFE – Europe, Australasia and Far East

ETF – Exchange Traded Fund

EUR – Euro

FHLMC – Federal Home Loan Mortgage Corporation

GBP – British Pound Sterling

HUF – Hungarian Forint

INR – Indian Rupee

JPY – Japanese Yen

KRW – Korean Won

MSCI – Morgan Stanley Capital International

MXN – Mexican Peso

MYR – Malaysian Ringgit

NOK – Norwegian Krone

NZD – New Zealand Dollar

PLN – Polish Zloty

RUB – Russian Ruble

S&P– Standard & Poor’s

SGD – Singapore Dollar

SEK – Swedish Krona

SPDR – S&P Depository Receipts

TRY – Turkish Lira

TSX – Toronto Stock Exchange

TWD – Taiwan Dollar

USD – United States Dollar

ZAR – South African Rand

The following is a list of the level of inputs used as of September 30, 2017, in valuing the Fund’s investments and other financial instruments carried at value ($ Thousands):




Investments in Securities	Level 1		Level 2		Level 3		Total

U.S. Treasury Obligations	$	–	$	377,829	$	–	$	377,829
Sovereign Debt		–		159,314		–		159,314
U.S. Government Agency Obligation		–		20,855		–		20,855

Total Investments in Securities	$	–	$	557,998	$	–	$	557,998



Other Financial Instruments	Level 1		Level 2		Level 3		Total

Purchased Options	$	227	$	—	$	—	$	227
Written Options		(192)		—		—		(192)
Futures Contracts *
Unrealized Appreciation		1,746		—		—		1,746
Unrealized Depreciation		(1,301)		—		—		(1,301)
Forwards Contracts *
Unrealized Appreciation		—		7,989		—		7,989
Unrealized Depreciation		—		(1,999)		—		(1,999)
Centrally Cleared Swaps
Credit Default Swaps *
Unrealized Appreciation		—		244		—		244
Interest Rate Swaps *
Unrealized Appreciation		—		30		—		30
Unrealized Depreciation		—		(307)		—		(307)

Total Other Financial Instruments	$	480	$	5,957	$	—	$	6,437

* Futures contracts, forward contracts and swap contracts are valued at the unrealized appreciation (depreciation) on the instrument.

For the year ended September 30, 2017, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the year ended September 30, 2017, there were no transfers between Level 2 and Level 3 assets and liabilities.

For more information on valuation inputs, see Note 2 – Significant Accounting Policies in Notes to Financial Statements.

Amounts designated as “–” are $0 or have been rounded to $0.

The accompanying notes are an integral part of the financial statements.


324		SEI Institutional Management Trust / Annual Report / September 30, 2017

SCHEDULE OF INVESTMENTS

September 30, 2017

Long/Short Alternative Fund

LOGO

^†Percentages are based on total investments.



Description	Face Amount (Thousands)		Market Value ($ Thousands)
COMMERCIAL PAPER (A) — 74.0%
Banks — 29.3%
Australia & New Zealand Banking Group
1.171%, 10/26/2017 (B)	$	1,000	$	999
Bank of Montreal
1.212%, 10/12/2017		1,300		1,299
Canadian Imperial Holdings
1.220%, 10/02/2017		1,200		1,200
Commonwealth Bank of Australia
1.181%, 10/18/2017 (B)		1,300		1,299
Nordea Bank
1.202%, 11/03/2017 (B)		1,000		999
1.201%, 10/03/2017 (B)		500		500
Skandinaviska Enskilda Banken
1.151%, 11/01/2017 (B)		1,200		1,199
Svenska Handelsbanken
1.212%, 11/06/2017 (B)		1,300		1,298
Toronto-Dominion Holdings USA
1.222%, 10/05/2017 (B)		1,300		1,300

				10,093

Industrial & Other Commercial Paper — 44.7%
Apple
1.121%, 10/17/2017 (B)		1,300		1,299
BMW US Capital
1.101%, 10/02/2017 (B)		1,300		1,300
Cisco Systems
1.172%, 11/08/2017 (B)		900		899
Coca-Cola
1.122%, 11/06/2017 (B)		1,000		999
Colgate-Palmolive
1.061%, 10/19/2017 (B)		1,300		1,299
Export Development Canada
1.182%, 10/10/2017		1,000		1,000
ExxonMobil
1.050%, 10/02/2017		1,489		1,489
Johnson & Johnson
1.101%, 10/02/2017 (B)		1,252		1,252
Microsoft
1.142%, 10/24/2017 (B)		1,000		999
Nestle Finance International
1.121%, 10/16/2017		1,224		1,223
PepsiCo
1.101%, 10/06/2017 (B)		1,000		1,000
United Parcel Service
1.101%, 10/03/2017 (B)		1,300		1,300



Description	Face Amount (Thousands)		Market Value ($ Thousands)
COMMERCIAL PAPER (A) (continued)
Wal-Mart Stores
1.100%, 10/10/2017 (B)	$	1,300	$	1,299

				15,358


Total Commercial Paper (Cost $25,453) ($ Thousands)				25,451


U.S. GOVERNMENT AGENCY OBLIGATIONS (A) — 19.6%
FHLB DN
1.010%, 10/25/2017		2,360		2,359
1.001%, 10/27/2017		2,323		2,321
1.000%, 10/04/2017		2,052		2,052


Total U.S. Government Agency Obligations (Cost $6,731) ($ Thousands)				6,732


	Shares
EXCHANGE TRADED FUND — 4.7%
iShares iBoxx $ High Yield Corporate Bond Fund		18,044		1,602


Total Exchange Traded Fund (Cost $1,557) ($ Thousands)				1,602


Total Investments in Securities— 98.3% (Cost $33,741) ($ Thousands)			$	33,785


SEI Institutional Managed Trust / Annual Report / September 30, 2017		325

SCHEDULE OF INVESTMENTS

September 30, 2017

Long/Short Alternative Fund (Concluded)

A list of the open futures contracts held by the Fund at September 30, 2017, is as follows:


Type of Contract	Number of Contracts Long (Short)		Expiration Date	Notional Amount ($ Thousands)		Value ($ Thousands)		Unrealized Appreciation (Depreciation) ($ Thousands)

MSCI EAFE Index E-MINI		19	Dec-2017		$1,828		$1,880		$52
MSCI Emerging Markets E-MINI		50	Dec-2017		2,709		2,723		14
NASDAQ 100 Index E-MINI		28	Dec-2017		3,346		3,350		4
S&P Mid Cap 400 Index E-MINI		13	Dec-2017		2,257		2,334		77
U.S. Dollar Index		(23)	Dec-2017		(2,107)		(2,136)		(29)
U.S. Long Treasury Bond		(24)	Dec-2017		(3,745)		(3,668)		77

					$4,288		$4,483		$195

Percentages are based on Net Assets of $34,382 ($ Thousands).

(A)	The rate reported is the effective yield at the time of purchase.

(B)

Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration normally to qualified institutions. On September 30, 2017, the value of these securities amounted to $19,240 ($ Thousands), representing 56.0% of the Net Assets of the Fund.

DN— Discount Note

EAFE — Europe, Australasia and Far East

FHLB — Federal Home Loan Bank

MSCI — Morgan Stanley Capital International

NASDAQ — National Association of Securities Dealers and Automated Quotations

S&P — Standard & Poor’s

The following is a list of the level of inputs used as of September 30, 2017, in valuing the Fund’s investments and other financial instruments carried at value ($ Thousands):




Investments in Securities	Level 1		Level 2		Level 3		Total

Commercial Paper	$	–	$	25,451	$	–	$	25,451
U.S. Government Agency Obligations		–		6,732		–		6,732
Exchange Traded Fund		1,602		–		–		1,602

Total Investments in Securities	$	1,602	$	32,183	$	–	$	33,785



Other Financial Instruments	Level 1		Level 2		Level 3		Total

Futures Contracts *
Unrealized Appreciation	$	224	$	—	$	—	$	224
Unrealized Depreciation		(29)		—		—		(29)

Total Other Financial Instruments	$	195	$	—	$	—	$	195

* Futures contracts are valued at the unrealized appreciation (depreciation) on the instrument.

For the year ended September 30, 2017, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the year ended September 30, 2017, there were no transfers between Level 2 and Level 3 assets and liabilities.

For more information on valuation inputs, see Note 2 – Significant Accounting Policies in Notes to Financial Statements.

Amounts designated as “—” are $0 or have been rounded to $0.

The accompanying notes are an integral part of the financial statements.


326		SEI Institutional Managed Trust / Annual Report / September 30, 2017

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STATEMENTS OF ASSETS AND LIABILITIES ($ Thousands)

September 30, 2017


	Large Cap Fund		Large Cap Value Fund
Assets:
Investments, at value ^†	$	2,368,759*	$	1,306,009*
Affiliated investments, at value ^††		176,442		84,688
Cash and cash equivalents		–		–
Cash pledged as collateral on futures contracts		468		–
Cash pledged as collateral on options contracts		–		–
Foreign currency, at value^†††		–		–
Receivable for fund shares sold		1,129		167
Dividends and interest receivable		2,037		1,710
Receivable for variation margin		40		–
Receivable for investment securities sold		–		29,460
Foreign tax reclaim receivable		–		1
Other receivables		–		–
Prepaid expenses		47		35
Total Assets		2,548,922		1,422,070
Liabilities:
Payable upon return on securities loaned		27,250		30,532
Payable for fund shares redeemed		1,374		830
Administration fees payable		557		339
Shareholder servicing fees payable Class E		–		–
Shareholder servicing fees payable Class F⁽¹⁾		478		257
Shareholder servicing fees payable Class I		–		–
Payable to custodian		21		23
Payable for investment securities purchased		–		3,619
Investment advisory fees payable		667		338
Chief Compliance Officer fees payable		2		1
Administration servicing fees payable Class I		–		1
Accrued expense payable		63		32
Total Liabilities		30,412		35,972
Net Assets	$	2,518,510	$	1,386,098
^† Cost of investments and repurchase agreements	$	1,842,024	$	1,020,178
^†† Cost of affiliated investments		176,432		84,687
^††† Cost of foreign currency		–		–
* Includes market value of securities on loan		26,596		29,863

(1)	Effective January 31, 2017, Class A Shares were renamed as Class F Shares of the same Fund.

Amounts designated as “—” are $0 or have been rounded to $0.

The accompanying notes are an integral part of the financial statements.


328		SEI Institutional Managed Trust / Annual Report / September 30, 2017


Large Cap Growth Fund		Tax-Managed Large Cap Fund		S&P 500 Index Fund		Small Cap Fund		Small Cap Value Fund		Small Cap Growth Fund		Tax-Managed Small/ Mid Cap Fund		Mid-Cap Fund

$	1,420,685*	$	3,541,767*	$	774,325*	$	582,518*	$	368,445*	$	326,527*	$	810,369*	$ 110,766*
	70,264		199,247		18,470		105,791		45,024		40,156		124,168	4,721
	–		–		–		2		1		–		10	19
	64		–		–		737		146		47		98	36
	–		–		–		–		–		–		–	–
	–		136		–		–		–		–		–	–
	236		740		728		350		120		37		274	69
	357		2,614		739		391		507		88		814	166
	2		–		54		4		1		–		2	1
	48,040		–		–		3,806		9,083		5,088		–	–
	–		2		8		–		–		–		–	1
	2		–		–		–		–		–		–	–
	32		18		–		18		15		14		22	10
	1,539,682		3,744,524		794,324		693,617		423,342		371,957		935,757	115,789

	18,753		36,834		3,765		60,704		33,169		27,403		76,980	52
	533		1,760		338		284		242		179		402	98
	368		694		110		149		93		83		205	28
	–		–		10		–		–		–		–	–
	278		681		51		115		69		62		137	23
	–		–		1		–		–		–		–	–
	1		1		1		–		–		–		–	–
	28,416		–		–		4,583		584		793		–	–
	367		1,082		19		273		169		142		376	31
	2		3		1		1		–		–		1	–
	–		–		1		–		–		–		–	–
	38		97		44		18		11		11		24	3
	48,756		41,152		4,341		66,127		34,337		28,673		78,125	235
$	1,490,926	$	3,703,372	$	789,983	$	627,490	$	389,005	$	343,284	$	857,632	$ 115,554
$	1,045,700	$	1,965,182	$	348,642	$	503,440	$	303,165	$	275,937	$	510,394	$ 96,800
	70,263		199,244		18,470		105,791		45,023		40,157		124,169	4,721
	–		129		–		–		–		–		–	–
	18,513		36,073		3,681		59,669		32,558		27,115		75,724	52


SEI Institutional Managed Trust / Annual Report / September 30, 2017			329

STATEMENTS OF ASSETS AND LIABILITIES ($ Thousands)

September 30, 2017


	Large Cap Fund		Large Cap Value Fund
Net Assets:
Paid-in capital — (unlimited authorization — no par value)	$	1,845,965	$	1,067,634
Undistributed (distributions in excess of) net investment income		5,445		9,855
Accumulated net realized gain (loss) on investments, option contracts, swaptions, futures contracts, securities sold short, swap contracts and foreign currency		140,053		22,777
Net unrealized appreciation on investments and securities sold short		526,745		285,832
Net unrealized appreciation on futures contracts		302		–
Net unrealized appreciation (depreciation) on forward foreign currency contracts, foreign currencies and translation of other assets and liabilities denominated in foreign currencies		–		–
Net Assets	$	2,518,510	$	1,386,098
Net Asset Value, Offering and Redemption Price Per Share — Class E		N/A		N/A
Net Asset Value, Offering and Redemption Price Per Share — Class F⁽¹⁾	$	14.65 ($2,362,180,468 ÷ 161,249,023 shares)	$	24.70 ($1,261,075,428 ÷ 51,060,682 shares)
Net Asset Value, Offering and Redemption Price Per Share — Class I		N/A	$	24.71 ($4,665,943 ÷ 188,845 shares)
Net Asset Value, Offering and Redemption Price Per Share — Class Y	$	14.66 ($156,329,343 ÷ 10,665,931 shares)	$	24.70 ($120,357,017 ÷ 4,872,198 shares)

(1)	Effective January 31, 2017, Class A Shares were renamed as Class F shares of the same Fund.

Amounts designated as “—“ are either $0 or have been rounded to $0.

N/A – Not applicable. Share class currently not offered.

The accompanying notes are an integral part of the financial statements.


330		SEI Institutional Managed Trust / Annual Report / September 30, 2017


Large Cap Growth Fund			Tax-Managed Large Cap Fund			S&P 500 Index Fund			Small Cap Fund			Small Cap Value Fund			Small Cap Growth Fund			Tax-Managed Small/ Mid Cap Fund			Mid-Cap Fund

$	1,013,784		$	2,101,978		$	358,326		$	511,513		$	297,756		$	299,664		$	547,555		$	93,924
	2,313			7,368			3,037			–			902			(1,992	)		(151	)		190

	99,842			17,431			2,630			35,921			25,058			(4,979	)		10,149			7,435
	374,986			1,576,588			425,683			79,078			65,281			50,589			299,974			13,966
	1			–			307			978			8			2			106			39
	–			7			–			–			–			–			(1	)		–
$	1,490,926		$	3,703,372		$	789,983		$	627,490		$	389,005		$	343,284		$	857,632		$	115,554
	N/A			N/A		$	60.64 ($323,386,302 5,332,770 share	÷ s)		N/A			N/A			N/A			N/A			N/A
$	34.72 ($1,364,210,505 39,287,232 share	÷ s)	$	24.11 ($3,385,550,046 140,392,437 share	÷ s)	$	60.22 ($417,307,694 6,930,002 share	÷ s)	$	13.25 ($588,340,658 44,403,308 share	÷ s)	$	26.16 ($349,296,142 13,352,659 share	÷ s)	$	34.42 ($312,759,559 9,087,806 share	÷ s)	$	22.09 ($782,448,820 35,423,575 share	÷ s)	$	27.81 ($112,422,517 4,041,967 share	÷ s)
$	34.02 ($ 3,607,204 106,040 share	÷ s)		N/A		$	60.56 ($6,328,322 104,497 share	÷ s)		N/A		$	25.94 ($2,465,727 95,048 share	÷ s)	$	33.11 ($2,079,005 62,800 share	÷ s)		N/A		$	27.78 ($864,100 31,109 share	÷ s)
$	34.76 ($ 123,108,529 3,541,697 share	÷ s)	$	24.13 ($317,821,630 13,172,367 share	÷ s)	$	60.22 ($42,961,073 713,350 share	÷ s)	$	13.31 ($39,149,496 2,941,381 share	÷ s)	$	26.18 ($37,242,908 1,422,703 shares	÷ )	$	34.59 ($28,445,724 822,480 share	÷ s)	$	22.11 ($75,183,019 3,399,855 share	÷ s)	$	27.83 ($2,267,081 81,450 share	÷ s)


SEI Institutional Managed Trust / Annual Report / September 30, 2017			331

STATEMENTS OF ASSETS AND LIABILITIES ($ Thousands)

September 30, 2017


	U.S. Managed Volatility Fund		Global Managed Volatility Fund
Assets:
Investments, at value^†	$	1,545,810	$	1,419,027
Affiliated investments, at value^††		32,713		34,016
Repurchase agreements^†		–		–
Cash and cash equivalents		–		6,709
Due from Broker		–		–
Cash pledged as collateral on swap contracts		–		–
Cash pledged as collateral on futures contracts		770		994
Cash pledged as collateral on options contracts		–		–
Foreign currency, at value ^†††		373		1,374
Receivable for fund shares sold		991		1,276
Dividends and interest receivable		2,784		3,369
Receivable for investment securities sold		1,379		16
Receivable for variation margin		71		93
Unrealized gain on forward foreign currency contracts		–		2,460
Unrealized gain on foreign spot currency contracts		–		1
Options purchased, at value ^{†††††}		–		–
Foreign tax reclaim receivable		–		2,559
Prepaid expenses		6		25
Total Assets		1,584,897		1,471,919
Liabilities:
Payable for fund shares redeemed		1,258		1,515
Payable for investment securities purchased		952		11,246
Administration fees payable		387		359
Shareholder servicing fees payable Class F⁽¹⁾		203		253
Payable upon return on securities loaned		–		–
Income distribution payable		–		–
OTC Swap contracts, at value ^††††		–		–
Options written, at value ^{†††††}		–		–
Payable for variation margin		–		4
Unrealized loss on foreign currency spot contracts		–		6
Unrealized loss on forward foreign currency contracts		–		102
Investment advisory fees payable		539		637
Interest payable		–		–
Chief Compliance Officer fees payable		–		1
Administration servicing fees payable Class I		–		–
Unfunded commitments on loan participations		–		–
Accrued expense payable		16		70
Total Liabilities		3,355		14,193
Net Assets	$	1,581,542	$	1,457,726
^† Cost of investments and repurchase agreements	$	1,289,000	$	1,211,859
^†† Cost of affiliated investments		32,713		34,016
^††† Cost of foreign currency		347		1,373
^†††† Cost (premiums received)		–		–
^{†††††} Cost (premiums received)		–		–
* Includes market value of securities on loan		–		–

(1)	Effective January 31, 2017, Class A Shares were renamed as Class F Shares of the same Fund.

Amounts designated as “—“ are $0 or have been rounded to $0.

The accompanying notes are an integral part of the financial statements


332		SEI Institutional Managed Trust / Annual Report / September 30, 2017


Tax-Managed Managed Volatility Fund		Tax-Managed International Managed Volatility Fund		Real Estate Fund		Enhanced Income Fund		Core Fixed Income Fund		U.S. Fixed Income Fund		High Yield Bond Fund

$	1,031,611	$	329,538	$	170,166	$	75,102	$	2,161,431*	$	1,867,999*	$	1,573,565*
	22,607		15,270		4,718		1,878		264,953		336,314		81,206
	–		–		–		700		53,600		–		–
	–		2,138		–		79		–		168		839
	–		–		–		–		–		–		2,081
	–		–		–		–		3,182		1,100		605
	369		565		–		–		3,213		227		–
	–		–		–		–		–		–		–
	6		866		–		–		363		12		–
	381		233		241		–		579		1,126		524
	1,530		998		587		289		10,708		8,906		24,380
	986		724		704		835		157,737		183,375		12,018
	34		55		–		3		201		1,608		42
	–		–		–		–		840		273		–
	–		–		–		–		6		18		–
	–		–		–		–		203		117		–
	2		497		–		1		9		6		32
	25		5		12		10		42		36		35
	1,057,551		350,889		176,428		78,897		2,657,067		2,401,285		1,695,327

	708		277		197		139		1,649		1,141		4,394
	183		275		776		2,353		428,178		493,684		31,034
	259		128		44		9		329		289		267
	202		68		29		8		377		333		292
	–		–		–		–		137,568		105,675		6
	–		–		–		–		323		262		659
	–		–		–		–		–		–		341
	–		–		–		–		175		100		–
	–		5		–		1		677		1,737		–
	–		–		–		–		–		–		–
	–		–		–		–		674		22		–
	354		118		79		13		270		250		533
	–		–		–		–		–		325		–
	1		–		–		–		2		2		1
	–		–		–		–		1		–		1
	–		–		–		–		–		–		2
	29		16		5		10		178		114		83
	1,736		887		1,130		2,533		570,401		603,934		37,613
$	1,055,815	$	350,002	$	175,298	$	76,364	$	2,086,666	$	1,797,351	$	1,657,714
$	712,318	$	284,762	$	137,992	$	76,519	$	2,200,067	$	1,863,009	$	1,540,742
	22,607		15,270		4,718		1,878		264,957		328,485		81,206
	7		866		–		–		228		12		–
	–		–		–		–		–		–		26
	–		–		–		–		(42)		(23)		–
	–		–		–		–		134,251		103,091		1


SEI Institutional Managed Trust / Annual Report / September 30, 2017			333

STATEMENTS OF ASSETS AND LIABILITIES ($ Thousands)

September 30, 2017


	U.S. Managed Volatility Fund			Global Managed Volatility Fund
Net Assets:
Paid-in capital — (unlimited authorization — no par value)	$	1,203,279		$	1,176,963
Undistributed (distributions in excess of) net investment income		6,140			888
Accumulated net realized gain (loss) on investments, option contracts, swaptions, futures contracts, securities sold short, swap contracts and foreign currency		115,006			69,959
Net unrealized appreciation (depreciation) on investments and securities sold short		256,810			207,168
Net unrealized appreciation on option contracts		–			–
Net unrealized appreciation (depreciation) on futures contracts		284			331
Net unrealized appreciation (depreciation) on forward foreign currency contracts, foreign currencies and translation of other assets and liabilities denominated in foreign currencies		23			2,417
Net unrealized appreciation (depreciation) on swap contracts		–			–
Net Assets	$	1,581,542		$	1,457,726
Net Asset Value, Offering and Redemption Price Per Share — Class F⁽¹⁾	$	18.26 ($994,387,368 54,452,188 share	÷ s)	$	11.97 ($1,242,592,493 103,838,832 share	÷ s)
Net Asset Value, Offering and Redemption Price Per Share — Class I	$	18.26 ($1,425,860 78,103 share	÷ s)	$	11.73 ($1,572,967 134,142 share	÷ s)
Net Asset Value, Offering and Redemption Price Per Share — Class Y	$	18.27 ($585,728,722 32,058,152 share	÷ s)	$	12.00 ($213,560,719 17,794,003 share	÷ s)

(1)	Effective January 31, 2017, Class A Shares were renamed as Class F Shares of the same Fund.

Amounts designated as “—” are $0 or have been rounded to $0.

N/A - Not applicable. Share class currently not offered.

The accompanying notes are an integral part of the financial statements.


334		SEI Institutional Managed Trust / Annual Report / September 30, 2017


Tax-Managed Managed Volatility Fund			Tax-Managed International Managed Volatility Fund			Real Estate Fund			Enhanced Income Fund			Core Fixed Income Fund			U.S. Fixed Income Fund			High Yield Bond Fund

$	707,500		$	305,029		$	140,517		$	169,796		$	2,096,562		$	1,804,586		$	1,754,057
	3,851			6,717			(1,186	)		413			(3,256	)		207			11,451

	24,950			(6,755	)		3,793			(93,141	)		(23,359	)		(21,854	)		(140,333	)
	319,293			44,776			32,174			(717	)		14,960			12,819			32,823
	–			–			–			–			70			41			–
	223			210			–			13			(288	)		230			–

	(2	)		25			–			–			307			251			–
	–			–			–			–			1,670			1,071			(284	)
$	1,055,815		$	350,002		$	175,298		$	76,364		$	2,086,666		$	1,797,351		$	1,657,714
$	15.96 ($994,011,144 62,289,683 share	÷ s)	$	11.56 ($336,350,198 29,105,296 share	÷ s)	$	17.15 ($137,876,639 8,040,245 share	÷ s)	$	7.58 ($70,279,206 9,274,032 share	÷ s)	$	11.32 ($1,855,251,225 163,920,082 share	÷ s)	$	10.20 ($1,638,534,060 160,614,874 share	÷ s)	$	7.33 ($1,469,479,892 200,592,394 share	÷ s)
	N/A			N/A		$	17.13 ($529,310 30,897 share	÷ s)	$	7.56 ($188,301 24,902 share	÷ s)	$	11.31 ($5,974,627 528,126 share	÷ s)		N/A		$	7.08 ($1,147,348 162,046 share	÷ s)
$	15.96 ($61,804,254 3,871,627 share	÷ s)	$	11.58 ($13,652,197 1,179,452 share	÷ s)	$	17.15 ($36,892,495 2,151,026 share	÷ s)	$	7.57 ($5,896,341 778,615 share	÷ s)	$	11.32 ($225,440,495 19,909,033 share	÷ s)	$	10.20 ($ 158,816,534 15,569,664 share	÷ s)	$	7.32 ($187,086,850 25,541,045 share	÷ s)


SEI Institutional Managed Trust / Annual Report / September 30, 2017			335

STATEMENTS OF ASSETS AND LIABILITIES/CONSOLIDATED STATEMENTS OF ASSETS AND LIABILITIES ($ Thousands)

September 30, 2017


	Conservative Income Fund		Tax-Free Conservative Income Fund
Assets:
Investments, at value ^†	$	206,462	$	167,268
Affiliated investments, at value ^††		2		–
Repurchase agreements^†		4,000		–
Cash and cash equivalents		–		19
Due from Broker		–		–
Cash pledged as collateral on swap contracts		–		–
Cash pledged as collateral on futures contracts		–		–
Cash pledged as collateral on forward foreign currency contracts		–		–
Cash pledged as collateral on options contracts		–		–
Foreign currency, at value ^†††		–		–
Receivable for fund shares sold		144		82
Dividends and interest receivable		150		516
Receivable for investment securities sold		–		–
Unrealized gain on forward foreign currency contracts		–		–
Unrealized gain on foreign spot currency contracts		–		–
OTC Swap contracts, at value ^††††		–		–
Options purchased, at value ^{†††††}		–		–
Foreign tax reclaim receivable		–		–
Receivable for variation margin		–		–
Prepaid expenses		3		3
Total Assets		210,761		167,888
Liabilities:
Payable for fund shares redeemed		224		124
Income distribution payable		56		17
Administration fees payable		16		12
Shareholder servicing fees payable Class F⁽¹⁾		16		13
Payable for securities sold short@		–		–
Payable for investment securities purchased		–		700
OTC Swap contracts, at value ^††††		–		–
Options written, at value ^{†††††}		–		–
Due to broker		–		–
Reverse repurchase agreements		–		–
Payable to custodian		–		–
Payable for variation margin		–		–
Unrealized loss on foreign currency spot contracts		–		–
Unrealized loss on forward foreign currency contracts		–		–
Investment advisory fees payable		17		14
Chief Compliance Officer fees payable		–		–
Unfunded commitments on loan participations		–		–
Accrued expense payable		8		7
Total Liabilities		337		887
Net Assets	$	210,424	$	167,001
^† Cost of investments and repurchase agreements	$	210,429	$	167,274
^†† Cost of affiliated investments		2		–
^††† Cost of foreign currency		–		–
^†††† Cost (premiums received)		–		–
^{†††††} Cost (premiums received)		–		–
@Proceeds from securities sold short		–		–

(1)	Effective January 31, 2017, Class A Shares were renamed as Class F Shares of the same Fund.

Amounts designated as “—” are $0 or have been rounded to $0.

The accompanying notes are an integral part of the financial statements.


336		SEI Institutional Managed Trust / Annual Report / September 30, 2017


Real Return Fund		Dynamic Asset Allocation Fund		Multi-Strategy Alternative Fund			Multi-Asset Accumulation Fund		Multi-Asset Income Fund			Multi-Asset Inflation Managed Fund			Multi-Asset Capital Stability Fund			Long/Short Alternative Fund

$	269,794	$	741,870	$	395,295		$	2,034,187	$	927,204		$	1,014,679		$	557,998		$	33,785
	570		–		113,706			–		–			–			–			–
	–		–		–			–		735			–			–			–
	–		10,177		102,204			586,883		39,287			147,527			172,609			1
	–		–		157			10,545		102			1,454			–			–
	–		–		4,816			10,177		639			456			1,953			–
	–		15,586		93			63,971		2,043			1,957			5,291			538
	–		1,100		–			–		–			–			6			–
	–		814		–			–		30,587			–			–			–
	–		–		939			6,551		78			325			634			–
	151		515		291			1,977		1,463			500			489			–
	338		699		1,066			1,751		5,415			2,146			431			–
	–		–		25,169			–		11,845			–			1,673			–
	–		979		359			6,009		50			241			7,989			–
	–		–		3			50		–			18			2			–
	–		696		2,106			6,871		–			13			–			–
	–		883		223			–		494			–			227			–
	–		–		37			166		4			24			–			–
	–		574		25			3,810		130			882			595			71
	13		11		17			50		21			26			20			12
	270,866		773,904		646,506			2,732,998		1,020,097			1,170,248			749,917			34,407

	232		396		412			1,331		878			645			662			–
	–		–		–			–		741			–			–			–
	45		187		52			590		215			219			183			8
	21		140		103			509		65			169			57			–
	–		–		116,851			–		751			116,203			–			–
	–		–		15,069			296		33,608			–			1,915			–
	–		274		275			8,641		–			1,455			–			–
	–		425		30			–		2,254			–			192			–
	–		–		330			2,406		–			–			–			–
	–		–		–			–		–			159,545			–			–
	–		–		8			–		–			–			–			–
	–		588		25			1,331		140			1,479			167			1
	–		–		1			55		–			2			15			–
	–		2,131		159			9,973		95			225			1,999			–
	23		120		279			1,363		282			226			112			13
	–		1		–			2		1			1			1			–
	–		–		–			–		226			–			–			–
	7		20		25			85		94			382			21			3
	328		4,282		133,619			26,582		39,350			280,551			5,324			25
$	270,538	$	769,622	$	512,887		$	2,706,416	$	980,747		$	889,697		$	744,593		$	34,382
$	269,848	$	609,860	$	384,374		$	1,970,723	$	911,018		$	999,563		$	565,067		$	33,741
	570		–		110,902			–		–			–			–			–
	–		–		941			13,493		77			327			627			–
	–		–		1,788			–		–			755			–			–
	–		744		410			–		551			–			(142	)		–
	–		–		(107,559	)		–		(731	)		(106,754	)		–			–


SEI Institutional Managed Trust / Annual Report / September 30, 2017			337

STATEMENTS OF ASSETS AND LIABILITIES/CONSOLIDATED STATEMENTS OF ASSETS AND LIABILITIESs ($ Thousands)

September 30, 2017


	Conservative Income Fund		Tax-Free Conservative Income Fund
Net Assets:
Paid-in capital – (unlimited authorization – no par value)	$	210,388	$	167,012
Undistributed (distributions in excess of) net investment income		1		(5	)
Accumulated net realized gain (loss) on investments, option contracts, swaptions, futures contracts, securities sold short, swap contracts and foreign currency		2		–
Net unrealized appreciation (depreciation) on investments and securities sold short		33		(6	)
Net unrealized appreciation (depreciation) on option contracts		–		–
Net unrealized appreciation (depreciation) on futures contracts		–		–
Net unrealized appreciation (depreciation) on forward foreign currency contracts, foreign currencies and translation of other assets and liabilities denominated in foreign currencies		–		–
Net unrealized appreciation (depreciation) on swap contracts		–		–
Net Assets	$	210,424	$	167,001
Net Asset Value, Offering and Redemption Price Per Share – Class F⁽¹⁾	$	10.00	$	10.00
		($190,439,513 ÷ 19,041,001 shares)		($163,218,509 ÷ 16,323,096 shares)
Net Asset Value, Offering and Redemption Price Per Share – Class Y	$	10.00	$	10.00
		($19,984,191 ÷ 1,997,876 shares)		($3,782,171 ÷ 378,091 shares)

(1) Effective January 31, 2017, Class A Shares were renamed as Class F Shares of the same Fund.

Amounts designated as “—” are $0 or have been rounded to $0.

N/A - Not applicable. Share class currently not offered.

The accompanying notes are an integral part of the financial statements.


338		SEI Institutional Managed Trust / Annual Report / September 30, 2017


Real Return Fund			Dynamic Asset Allocation Fund			Multi-Strategy Alternative Fund			Multi-Asset Accumulation Fund			Multi-Asset Income Fund			Multi-Asset Inflation Managed Fund			Multi-Asset Capital Stability Fund			Long/Short Alternative Fund

$	274,672		$	623,166		$	503,217		$	2,738,765		$	956,915		$	1,008,158		$	730,938		$	31,401
	(6	)		11,921			(298	)		(19,459	)		(2,329	)		(2,908	)		6,569			–

	(4,074	)		490			5,240			(82,398	)		11,852			(120,699	)		7,582			2,742
	(54	)		132,010			4,433			63,464			16,901			5,667			(7,069	)		44
	–			(286	)		(217	)		–			(2,311	)		–			177			–
	–			3,051			67			14,038			(246	)		549			445			195

	–			(1,152	)		202			(3,968	)		(42	)		24			5,984			–
	–			422			243			(4,026	)		7			(1,094	)		(33	)		–
$	270,538		$	769,622		$	512,887		$	2,706,416		$	980,747		$	889,697		$	744,593		$	34,382
$	10.03		$	12.10		$	10.11		$	10.01		$	10.88		$	8.52		$	10.25		$	10.88
	($ 252,333,073 ÷ 25,162,965 shares	)		($696,462,576 ÷ 57,579,153 shares	)		($508,045,586 ÷ 50,252,659 shares	)		($2,468,846,886 ÷ 246,585,340 shares	)		($813,767,315 ÷ 74,792,874 shares	)		($821,190,857 ÷ 96,391,288 shares	)		($694,246,633 ÷ 67,743,935 shares	)		($21,526 ÷ 1,979 shares	)
$	10.06		$	12.12		$	10.12		$	10.06		$	10.88		$	8.53		$	10.27		$	10.93
	($18,205,149 ÷ 1,810,328 shares	)		($ 73,159,016 ÷ 6,035,652 shares	)		($ 4,841,252 ÷ 478,607 shares	)		($ 237,568,872 ÷ 23,617,079 shares	)		($166,979,663 ÷ 15,348,702 shares	)		($68,506,392 ÷ 8,028,944 shares	)		($50,346,584 ÷ 4,902,971 shares	)		($34,360,487 ÷ 3,142,932 shares	)


SEI Institutional Managed Trust / Annual Report / September 30, 2017			339

STATEMENTS OF OPERATIONS ($ Thousands)

For the year ended September 30, 2017


	Large Cap Fund			Large Cap Value Fund			Large Cap Growth Fund
Investment Income:
Dividends	$	41,235		$	31,064		$	15,239
Dividends from affiliated investment company⁽¹⁾		724			336			273
Interest income		–			–			–
Other income		1			1			1
Security lending income - net⁽¹⁾⁽²⁾		407			85			110
Less: foreign taxes withheld		(146	)		(138	)		(44	)
Total Investment Income		42,221			31,348			15,579
Expenses:
Investment advisory fees		9,133			4,826			5,716
Administration fees		6,603			4,137			4,287
Shareholder servicing fees Class F⁽³⁾		5,483			3,227			3,357
Shareholder servicing fees Class I		–			15			10
Trustees’ fees		37			22			23
Chief compliance officer fees		13			8			8
Administration servicing fees Class I		–			15			10
Printing fees		284			172			174
Professional fees		136			78			83
Custodian/Wire agent fees		127			75			77
Registration fees		86			51			55
Pricing fees		40			24			23
Litigation fees		–			–			–
Interest expense		–			–			–
Other expenses		38			21			23
Total Expenses		21,980			12,671			13,846
Less:
Waiver of investment advisory fees		(1,443	)		(551	)		(1,109	)
Waiver of shareholder servicing fees Class F⁽³⁾		(26	)		(15	)		(16	)
Waiver of shareholder servicing fees Class I		–			(2	)		(1	)
Waiver of administration fees		–			–			(174	)
Net Expenses		20,511			12,103			12,546
Net Investment Income (Loss)		21,710			19,245			3,033
Net Realized Gain (Loss) on:
Investments		223,723			95,773			180,305
Affiliated investments		(2	)		(2	)		(1	)
Futures contracts		799			4			(19	)
Net Change in Unrealized Appreciation (Depreciation) on:
Investments		133,541			113,985			40,956
Affiliated investments		10			1			1
Futures contracts		330			–			1
Foreign currency translation of other assets and liabilities denominated in foreign currencies		–			–			–
Net Increase in Net Assets Resulting from Operations	$	380,111		$	229,006		$	224,276

(1)	See Note 6 in Notes to Financial Statements.

(2)	Income is from the investment of collateral in an affiliated security.

(3)	Effective January 31, 2017, Class A Shares were renamed as Class F shares of the same Fund.

Amounts designated as “—” are $0 or have been rounded to $0.

The accompanying notes are an integral part of the financial statements.


340		SEI Institutional Managed Trust / Annual Report / September 30, 2017


Tax-Managed Large Cap Fund			S&P 500 Index Fund			Small Cap Fund			Small Cap Value Fund			Small Cap Growth Fund			Tax-Managed Small/Mid Cap Fund			Mid-Cap Fund

$	58,648		$	14,723		$	5,100		$	5,568		$	1,216		$	8,598		$	1,702
	1,039			81			199			97			72			207			28
	–			6			–			–			–			–			–
	1			1			1			1			1			1			1
	158			14			698			511			557			925			18
	(318	)		–			(18	)		(12	)		(2	)		(20	)		(1	)
	59,528			14,825			5,980			6,165			1,844			9,711			1,748

	13,908			221			3,810			2,519			2,135			5,100			423
	8,722			1,623			1,758			1,162			985			2,354			317
	8,046			1,008			1,375			895			769			1,810			258
	–			16			–			7			5			–			2
	55			12			9			6			5			12			2
	19			4			3			2			2			4			1
	–			16			–			7			5			–			2
	423			90			73			49			41			97			13
	201			43			34			22			19			46			6
	187			40			32			21			18			43			6
	171			28			25			19			17			30			9
	58			16			13			9			7			18			3
	151			–			–			–			–			30			–
	–			75			–			–			–			–			–
	56			12			10			5			6			12			2
	31,997			3,204			7,142			4,723			4,014			9,556			1,044

	(1,451	)		–			(534	)		(357	)		(400	)		(719	)		(6	)
	(38	)		(282	)		(7	)		(4	)		(4	)		(217	)		(1	)
	–			(6	)		–			(1	)		–			–			–
	–			(304	)		–			–			–			–			–
	30,508			2,612			6,601			4,361			3,610			8,620			1,037
	29,020			12,213			(621	)		1,804			(1,766	)		1,091			711

	183,992			5,144			51,913			38,043			24,916			16,676			8,528
	(5	)		–			(1	)		(2	)		(1	)		(4	)		–
	2,169			2,746			66			575			22			129			77

	328,939			102,218			24,380			15,784			34,950			105,202			7,186
	3			–			–			1			(1	)		(1	)		–
	(23	)		3			1,016			11			2			104			39
	7			–			–			–			–			–			–
$	544,102		$	122,324		$	76,753		$	56,216		$	58,122		$	123,197		$	16,541


SEI Institutional Managed Trust / Annual Report / September 30, 2017			341

STATEMENTS OF OPERATIONS ($ Thousands)

For the year or period ended September 30, 2017


	U.S. Managed Volatility Fund			Global Managed Volatility Fund			Tax-Managed Managed Volatility Fund
Investment Income:
Dividends	$	40,183		$	41,670		$	26,253
Dividends from affiliated investment company⁽²⁾		146			186			124
Interest income		–			26			–
Other income		1			1			1
Security lending income - net⁽²⁾⁽³⁾		–			–			–
Less: foreign taxes withheld		(249	)		(2,954	)		(141	)
Total Investment Income		40,081			38,929			26,237
Expenses:
Investment advisory fees		10,577			9,797			6,738
Administration fees		4,836			4,513			3,110
Shareholder servicing fees Class F⁽⁴⁾		2,695			3,376			2,469
Shareholder servicing fees Class I		4			4			–
Trustees’ fees		26			25			17
Chief compliance officer fees		9			8			6
Administration servicing fees Class I		4			4			–
Printing fees		201			186			125
Professional fees		93			86			60
Custodian/Wire agent fees		89			112			56
Registration fees		60			72			45
Pricing fees		29			41			19
Litigation fees		–			–			–
Overdraft fees		–			12			–
Interest expense		–			–			–
Other expenses		26			26			18
Total Expenses		18,649			18,262			12,663
Less:
Waiver of investment advisory fees		(3,702	)		(1,865	)		(2,390	)
Waiver of shareholder servicing fees Class F⁽⁴⁾		(12	)		(14	)		(12	)
Waiver of shareholder servicing fees Class I		–			–			–
Waiver of administration fees		–			–			–
Fees paid indirectly		–			–			–
Net Expenses		14,935			16,383			10,261
Net Investment Income		25,146			22,546			15,976
Net Realized Gain (Loss) on:
Investments		116,786			117,805			37,962
Affiliated investments		–			–			–
Futures contracts		3,003			7,560			1,311
Foreign currency transactions		89			1,332			91
Purchased and written options		–			–			–
Swap contracts		–			–			–
Net Change in Unrealized Appreciation (Depreciation) on:
Investments		39,566			–			65,850
Affiliated investments		–			–			–
Futures contracts		386			255			265
Purchased and written options		–			–			–
Swap contracts		–			–			–
Foreign currency translation of other assets and liabilities denominated in foreign currencies		20			2,282			5
Net Increase (Decrease) in Net Assets Resulting from Operations	$	184,996		$	151,780		$	121,460

(1)	Commenced operations on October 17, 2016.

(2)	See Note 6 in Notes to Financial Statements.

(3)	Income is from the investment of collateral in an affiliated security.

(4)	Effective January 31, 2017, Class A Shares were renamed as Class F Shares of the same Fund.

Amounts designated as “—” are $0 or have been rounded to $0.

The accompanying notes are an integral part of the financial statements.


342		SEI Institutional Managed Trust / Annual Report / September 30, 2017


Tax-Managed International Managed Volatility Fund⁽¹⁾		Real Estate Fund			Enhanced Income Fund			Core Fixed Income Fund			U.S. Fixed Income Fund			High Yield Bond Fund			Conservative Income Fund

$	10,534	$	2,405		$	7		$	43		$	–		$	1,758		$	–
	50		20			12			320			551			333			1
	–		–			2,309			58,054			41,537			107,859			2,375
	1		1			1			1			1			1			1
	–		1			–			400			199			–			–
	(930)		–			–			–			5			(22	)		–
	9,655		2,427			2,329			58,818			42,293			109,929			2,377

	1,837		1,211			350			5,645			4,641			7,964			207
	1,272		559			202			4,425			3,648			3,657			414
	686		373			201			4,753			3,842			3,622			461
	–		1			–			19			–			15			–
	4		3			2			33			26			27			3
	2		1			–			11			9			9			1
	–		1			–			19			–			15			–
	37		23			10			249			208			198			27
	17		11			5			118			96			94			12
	49		10			4			110			92			89			10
	2		13			12			78			52			64			5
	21		4			48			555			298			189			12
	–		–			–			–			–			84			–
	–		–			–			–			–			–			–
	–		–			–			–			–			–			–
	3		3			2			34			23			31			2
	3,930		2,213			836			16,049			12,935			16,058			1,154

	(805)		(164	)		(135	)		(2,161	)		(1,816	)		(1,404	)		–
	(4)		(2	)		(88	)		(22	)		(19	)		(2	)		(277	)
	–		–			–			(2	)		–			(17	)		–
	–		–			(97	)		(419	)		(313	)		(412	)		(276	)
	–		(11	)		–			–			–			–			–
	3,121		2,036			516			13,445			10,787			14,223			601
	6,534		391			1,813			45,373			31,506			95,706			1,776

	(7,612)		10,803			(856	)		(1,127	)		(10,227	)		2,434			3
	–		–			–			(1	)		(2	)		–			–
	1,342		–			25			5,990			3,825			–			–
	(197)		–			–			1,209			305			–			–
	–		–			–			(102	)		(131	)		–			–
	–		–			–			(1,739	)		(264	)		894			–

	44,776		(13,186	)		2,124			(35,074	)		(22,580	)		52,918			28
	–		–			–			(4	)		–			–			–
	210		–			12			(1,982	)		(741	)		–			–
	–		–			–			17			21			–			–
	–		–			–			5,531			1,538			(477	)		–
	25		–			–			748			410			–			–
$	45,078	$	(1,992	)	$	3,118		$	18,839		$	3,660		$	151,475		$	1,807


SEI Institutional Managed Trust / Annual Report / September 30, 2017			343

STATEMENTS OF OPERATIONS/CONSOLIDATED STATEMENTS OF OPERATIONS ($ Thousands)

For the year ended September 30, 2017


	Tax-Free Conservative Income Fund			Real Return Fund			Dynamic Asset Allocation Fund
Investment Income:
Dividends	$	–		$	–		$	13,480
Dividends from affiliated investment company⁽¹⁾		–			5			–
Interest income		1,205			4,265			–
Other income		1			1			1
Security lending income - net⁽¹⁾⁽²⁾		–			–			–
Less: foreign taxes withheld		–			–			–
Total Investment Income		1,206			4,271			13,481
Expenses:
Shareholder servicing fees Class F⁽³⁾		361			657			1,493
Administration fees		297			637			1,969
Investment advisory fees		148			619			3,938
Trustees’ fees		2			5			10
Chief compliance officer fees		1			2			4
Printing fees		19			34			79
Professional fees		9			16			39
Custodian/Wire agent fees		8			15			16
Registration fees		3			17			19
Dividend expense on securities sold short		–			–			–
Pricing fees		–			4			14
Litigation fees		–			–			–
Interest expense		–			–			–
Other expenses		15			5			9
Total Expenses		863			2,011			7,590
Less:
Waiver of investment advisory fees		–			(290	)		(2,805	)
Waiver of shareholder servicing fees Class F⁽³⁾		(217	)		(394	)		–
Waiver of administration fees		(203	)		(74	)		–
Net Expenses		443			1,253			4,785
Net Investment Income (Loss)		763			3,018			8,696
Net Realized Gain (Loss) on:
Investments		–			18			537
Securities sold short		–			–			–
Affiliated investments		–			–			–
Futures contracts		–			–			219
Foreign currency transactions		–			–			7,187
Purchased and written options		–			–			593
Purchased and written swaptions		–			–			–
Swap contracts		–			–			2,241
Net Change in Unrealized Appreciation (Depreciation) on:
Investments		8			(3,124	)		93,543
Securities sold short		–			–			–
Affiliated investments		–			–			–
Futures contracts		–			–			3,029
Purchased and written options		–			–			(177	)
Swap contracts		–			–			(154	)
Foreign currency translation of other assets and liabilities denominated in foreign currencies		–			–			1,145
Net Increase (Decrease) in Net Assets Resulting from Operations	$	771		$	(88	)	$	116,859

(1)	See Note 6 in Notes to Financial Statements.

(2)	Income is from the Investment of collateral in an affiliated security.

(3)	Effective January 31, 2017, Class A Shares were renamed as Class F Shares of the same Fund.

Amounts designated as “—” are $0 or have been rounded to $0.

The accompanying notes are an integral part of the financial statements.


344		SEI Institutional Managed Trust / Annual Report / September 30, 2017


Multi-Strategy Alternative Fund			Multi-Asset Accumulation Fund			Multi-Asset Income Fund			Multi-Asset Inflation Managed Fund			Multi-Asset Capital Stability Fund			Long/Short Alternative Fund

$	1,795		$	7,919		$	5,752		$	5,949		$	98		$	99
	426			–			–			–			–			–
	4,151			18,401			39,025			14,896			4,580			246
	1			1			1			1			1			1
	364			–			–			–			–			–
	(107	)		(238	)		–			(3	)		–			–
	6,630			26,083			44,778			20,843			4,679			346

	1,276			5,733			1,795			2,074			1,695			–
	1,539			6,967			2,543			2,689			2,188			103
	7,697			18,910			5,086			4,930			2,918			274
	8			42			13			15			12			1
	3			13			5			5			4			–
	63			307			102			109			89			4
	30			148			50			51			42			2
	28			80			31			36			21			2
	25			125			30			40			30			11
	1,795			–			–			2,196			–			–
	47			105			275			80			15			3
	–			–			–			–			–			–
	–			–			–			1,625			–			–
	9			41			12			19			11			1
	12,520			32,471			9,942			13,869			7,025			401

	(4,447	)		(3,499	)		(1,917	)		(2,012	)		(674	)		(91	)
	(26	)		–			(1,077	)		–			(1,017	)		–
	(833	)		–			(280	)		(117	)		(851	)		–
	7,214			28,972			6,668			11,740			4,483			310
	(584	)		(2,889	)		38,110			9,103			196			36

	16,429			4,751			7,578			39,218			(910	)		(36	)
	–			–			–			(21,702	)		–			–
	(147	)		–			–			–			–			–
	75			95,320			3,266			(15,658	)		11,364			3,294
	(25	)		(4,499	)		(702	)		(259	)		5,769			–
	(527	)		–			(3,889	)		(183	)		332			–
	–			–			–			–			(16	)		–
	412			4,631			468			456			526			–

	9,278			19,039			14,208			(23,638	)		(10,634	)		24
	(6,190	)		–			(20	)		(9,068	)		–			–
	3,732			–			–			–			–			–
	58			8,902			(378	)		701			615			271
	(188	)		–			(1,889	)		–			(36	)		–
	3			(2,500	)		473			1,217			(287	)		–
	280			(3,625	)		(266	)		1,764			6,081			–
$	22,606		$	119,130		$	56,959		$	(18,049	)	$	13,000		$	3,589


SEI Institutional Managed Trust / Annual Report / September 30, 2017			345

STATEMENTS OF CHANGES IN NET ASSETS ($ Thousands)

For the years ended September 30,


	Large Cap Fund
	2017			2016
Operations:
Net investment income (loss)	$	21,710		$	24,209
Net realized gain (loss) from investments, affiliated investments and futures contracts		224,520			(40,384	)
Net realized (loss) on foreign currency transactions		–			–
Net change in unrealized appreciation on investments, affiliated investments and futures contracts		133,881			252,691
Net change in unrealized appreciation on foreign currency transactions		–			–
Net Increase in Net Assets Resulting from Operations		380,111			236,516
Dividends and Distributions to Shareholders:
Net investment income:
Class E		N/A			N/A
Class F⁽¹⁾		(19,572	)		(22,122	)
Class I		N/A			N/A
Class Y		(1,713	)		(2,019	)
Net capital gains:
Class E		N/A			N/A
Class F⁽¹⁾		–			(369,451	)
Class I		N/A			N/A
Class Y		–			(25,458	)
Return of Capital:
Total Dividends and Distributions		(21,285	)		(419,050	)
Capital Share Transactions:⁽²⁾
Class E:
Proceeds from shares issued		N/A			N/A
Reinvestment of dividends & distributions		N/A			N/A
Cost of shares redeemed		N/A			N/A
Net increase from Class E transactions		N/A			N/A
Class F⁽¹⁾:
Proceeds from shares issued		503,259			572,117
Reinvestment of dividends & distributions		18,216			355,095
Cost of shares redeemed		(733,220	)		(1,000,085	)
Net increase (decrease) from Class F transactions		(211,745	)		(72,873	)
Class I:
Proceeds from shares issued		N/A			N/A
Reinvestment of dividends & distributions		N/A			N/A
Cost of shares redeemed		N/A			N/A
Net decrease from Class I transactions		N/A			N/A
Class Y:
Proceeds from shares issued		28,591			35,851
Reinvestment of dividends & distributions		1,709			27,475
Cost of shares redeemed		(61,145	)		(45,385	)
Net increase (decrease) from Class Y transactions		(30,845	)		17,941
Increase (Decrease) in Net Assets Derived from Capital Share Transactions		(242,590	)		(54,932	)
Net Increase (Decrease) in Net Assets		116,236			(237,466	)
Net Assets
Beginning of year		2,402,274			2,639,740
End of year	$	2,518,510		$	2,402,274
Undistributed Net Investment Income Included in Net Assets at Year End	$	5,445		$	5,051

(1) Effective January 31, 2017, Class A Shares were renamed as Class F Shares of the same Fund.

(2) See Note 7 in Notes to Financial Statements for additional information.

N/A – Not applicable. Shares currently not offered.

Amounts designated as “–” are $0 or have been rounded to $0.

The accompanying notes are an integral part of the financial statements.


346		SEI Institutional Managed Trust / Annual Report / September 30, 2017


Large Cap Value Fund						Large Cap Growth Fund						Tax-Managed Large Cap Fund						S&P 500 Index Fund						Small Cap Fund
2017			2016			2017			2016			2017			2016			2017			2016			2017			2016

$	19,245		$	20,665		$	3,033		$	932		$	29,020		$	33,081		$	12,213		$	11,509		$	(621	)	$	245
	95,775			(38,340	)		180,285			(70,590	)		186,156			(23,600	)		7,890			22,525			51,978			(4,935	)
	–			–			–			–			–			(1	)		–			–			–			–
	113,986			146,991			40,958			203,284			328,919			297,817			102,221			56,121			25,396			47,891
	–			–			–			–			7			–			–			–			–			–
	229,006			129,316			224,276			133,626			544,102			307,297			122,324			90,155			76,753			43,201


	N/A			N/A			N/A			N/A			N/A			N/A			(5,115	)		(4,549	)		N/A			N/A
	(17,875	)		(18,523	)		(1,631	)		(440	)		(26,038	)		(30,096	)		(6,341	)		(6,553	)		(776	)		(81	)
	(69	)		(79	)		–			–			N/A			N/A			(82	)		(110	)		N/A			N/A
	(1,137	)		(195	)		(368	)		(18	)		(2,553	)		(1,885	)		(399	)		(9	)		(110	)		(30	)

	N/A			N/A			N/A			N/A			N/A			N/A			(8,334	)		(352	)		N/A			N/A
	–			(170,943	)		–			(247,678	)		–			–			(11,171	)		(563	)		–			(53,729	)
	–			(838	)		–			(854	)		N/A			N/A			(182	)		(10	)		N/A			N/A
	–			(3	)		–			(3	)		–			–			(700	)		–			–			(3,378	)

	(19,081	)		(190,581	)		(1,999	)		(248,993	)		(28,591	)		(31,981	)		(32,324	)		(12,146	)		(886	)		(57,218	)


	N/A			N/A			N/A			N/A			N/A			N/A			53,750			33,726			N/A			N/A
	N/A			N/A			N/A			N/A			N/A			N/A			12,425			4,442			N/A			N/A
	N/A			N/A			N/A			N/A			N/A			N/A			(57,306	)		(33,888	)		N/A			N/A
	N/A			N/A			N/A			N/A			N/A			N/A			8,869			4,280			N/A			N/A

	142,401			175,232			156,484			213,121			481,708			678,227			145,341			105,268			137,004			152,199
	16,756			178,150			1,530			234,095			23,445			27,092			16,200			6,660			721			47,634
	(396,688	)		(289,549	)		(421,893	)		(351,098	)		(1,023,577	)		(609,417	)		(179,157	)		(158,094	)		(171,076	)		(130,137	)
	(237,531	)		63,833			(263,879	)		96,118			(518,424	)		95,902			(17,616	)		(46,166	)		(33,351	)		69,696

	617			1,924			524			1,555			N/A			N/A			2,413			5,253			N/A			N/A
	54			731			–			627			N/A			N/A			139			71			N/A			N/A
	(3,045	)		(3,668	)		(2,294	)		(2,584	)		N/A			N/A			(3,475	)		(7,598	)		N/A			N/A
	(2,374	)		(1,013	)		(1,770	)		(402	)		N/A			N/A			(923	)		(2,274	)		N/A			N/A

	95,162			19,939			94,688			19,291			119,677			69,611			42,930			1,046			8,842			13,098
	1,135			195			367			18			2,458			1,857			1,009			9			110			3,408
	(8,417	)		(1,001	)		(7,677	)		(942	)		(41,196	)		(20,114	)		(5,258	)		(411	)		(12,393	)		(11,825	)
	87,880			19,133			87,378			18,367			80,939			51,354			38,681			644			(3,441	)		4,681
	(152,025	)		81,953			(178,271	)		114,083			(437,485	)		147,256			29,011			(43,516	)		(36,792	)		74,377
	57,900			20,688			44,006			(1,284	)		78,026			422,572			119,011			34,493			39,075			60,360

	1,328,198			1,307,510			1,446,920			1,448,204			3,625,346			3,202,774			670,972			636,479			588,415			528,055
$	1,386,098		$	1,328,198		$	1,490,926		$	1,446,920		$	3,703,372		$	3,625,346		$	789,983		$	670,972		$	627,490		$	588,415
$	9,855		$	9,711		$	2,313		$	1,233		$	7,368		$	6,797		$	3,037		$	2,548		$	–		$	416


SEI Institutional Managed Trust / Annual Report / September 30, 2017			347

STATEMENTS OF CHANGES IN NET ASSETS ($ Thousands)

For the years or period ended September 30,



	Small Cap Value Fund						Small Cap Growth Fund						Tax-Managed Small/Mid Cap Fund
	2017			2016			2017			2016			2017			2016
Operations:
Net investment income (loss)	$	1,804		$	2,358		$	(1,766	)	$	(966	)	$	1,091		$	2,358
Net realized gain (loss) from investments, affiliated investments and futures contracts		38,616			(4,387	)		24,937			(9,414	)		16,801			(1,434	)
Net realized gain (loss) on foreign currency transactions		—			—			—			—			—			—
Net change in unrealized appreciation on investments, affiliated investments and futures contracts		15,796			39,715			34,951			35,793			105,305			51,653
Net change in unrealized appreciation (depreciation) on foreign currency transactions		—			—			—			—			—			—
Net Increase in Net Assets Resulting from Operations		56,216			37,686			58,122			25,413			123,197			52,577
Dividends and Distributions to Shareholders:
Net investment income:
Class F⁽³⁾		(1,967	)		(2,620	)		—			—			(2,774	)		(1,942	)
Class I		(10	)		(17	)		—			—			N/A			N/A
Class Y		(181	)		(26	)		—			—			(311	)		(205	)
Net capital gains:
Class F⁽³⁾		—			(23,148	)		—			—			—			—
Class I		—			(176	)		—			—			N/A			N/A
Class Y		—			(1	)		—			—			—			—
Return of Capital:
Total Dividends and Distributions		(2,158	)		(25,988	)		—			—			(3,085	)		(2,147	)
Capital Share Transactions:⁽⁴⁾
Class F⁽³⁾:
Proceeds from shares issued		61,831			91,045			31,220			37,779			173,955			140,278
Reinvestment of dividends & distributions		1,824			24,137			N/A			N/A			2,465			1,729
Cost of shares redeemed		(127,809	)		(108,797	)		(85,178	)		(74,997	)		(148,277	)		(134,198	)
Net increase (decrease) from Class F transactions		(64,154	)		6,385			(53,958	)		(37,218	)		28,143			7,809
Class I:
Proceeds from shares issued		350			1,365			293			1,127			N/A			N/A
Reinvestment of dividends & distributions		9			164			—			—			N/A			N/A
Cost of shares redeemed		(1,173	)		(2,458	)		(832	)		(1,807	)		N/A			N/A
Net increase (decrease) from Class I transactions		(814	)		(929	)		(539	)		(680	)		N/A			N/A
Class Y:
Proceeds from shares issued		29,541			6,260			19,444			6,390			27,784			20,131
Reinvestment of dividends & distributions		169			26			—			—			293			201
Cost of shares redeemed		(2,260	)		(305	)		(1,521	)		(296	)		(9,173	)		(5,900	)
Net increase (decrease) from Class Y transactions		27,450			5,981			17,923			6,094			18,904			14,432
Increase (Decrease) in Net Assets Derived from Capital Share Transactions		(37,518	)		11,437			(36,574	)		(31,804	)		47,047			22,241
Net Increase (Decrease) in Net Assets		16,540			23,135			21,548			(6,391	)		167,159			72,671
Net Assets
Beginning of year		372,465			349,330			321,736			328,127			690,473			617,802
End of year	$	389,005		$	372,465		$	343,284		$	321,736		$	857,632		$	690,473
Undistributed (Distributions in Excess of) Net Investment Income Included in Net Assets at Year or Period End	$	902		$	1,105		$	(1,992	)	$	(901	)	$	(151	)	$	1,093

(1)	Commenced operations on October 17, 2016.

(2)	Includes realized losses of $24,125 ($ Thousands) due to in-kind transactions (See Note 13).

(3)	Effective January 31, 2017, Class A Shares were renamed as Class F Shares of the same Fund.

(4)	See Note 7 in Notes to Financial Statements for additional information.

(5)	Includes redemptions as a result of in-kind transfer of securities (see Note 13).

N/A — Not applicable. Shares currently not offered.

Amounts designated as “—” are $0 or have been rounded to $0.

The accompanying notes are an integral part of the financial statements.


348		SEI Institutional Managed Trust / Annual Report / September 30, 2017


Mid-Cap Fund						U.S. Managed Volatility Fund						Global Managed Volatility Fund						Tax-Managed Managed Volatility Fund						Tax-Managed International Managed Volatility Fund⁽¹⁾
2017			2016			2017			2016			2017			2016			2017			2016			2017

$	711		$	1,045		$	25,146		$	24,083		$	22,546		$	29,649		$	15,976		$	16,234		$	6,534

	8,605			(12	)		119,789			46,522			125,365			28,510	⁽²⁾		39,273			13,937			(6,270	)
	—			—			89			66			1,332			880			91			(21	)		(197	)

	7,225			9,570			39,952			97,201			255			163,880			66,115			90,442			44,986

	—			—			20			10			2,282			(2,264	)		5			(7	)		25
	16,541			10,603			184,996			167,882			151,780			220,655			121,460			120,585			45,078


	(654	)		(1,316	)		(16,100	)		(16,243	)		(46,339	)		(121,131	)		(15,524	)		(15,355	)		(10	)
	(3	)		(11	)		(20	)		(22	)		(41	)		(66	)		N/A			N/A			N/A
	(11	)		(3	)		(9,125	)		(7,953	)		(3,425	)		(4,789	)		(814	)		(291	)		(3	)

	(698	)		(14,310	)		(31,901	)		(49,368	)		(59,143	)		(30,756	)		(24,946	)		(37,938	)		(90	)
	(6	)		(133	)		(56	)		(78	)		(58	)		(17	)		N/A			N/A			N/A
	(6	)		(3	)		(13,880	)		(19,030	)		(4,213	)		(1,174	)		(1,096	)		(8	)		(2	)

	(1,378	)		(15,776	)		(71,082	)		(92,694	)		(113,219	)		(157,933	)		(42,380	)		(53,592	)		(105	)


	41,715			45,846			271,433			485,649			343,160			686,309			200,593			422,637			371,007
	1,086			13,666			42,085			57,534			94,813			142,990			35,107			45,387			83
	(33,003	)		(60,453	)		(519,803	)		(422,085	)		(842,329	)		(1,499,613	)⁽⁵⁾		(479,179	)		(269,936	)		(78,131	)
	9,798			(941	)		(206,285	)		121,098			(404,356	)		(670,314	)		(243,479	)		198,088			292,959

	105			104			220			555			183			1,745			N/A			N/A			N/A
	10			144			76			100			99			83			N/A			N/A			N/A
	(236	)		(229	)		(920	)		(298	)		(1,479	)		(511	)		N/A			N/A			N/A
	(121	)		19			(624	)		357			(1,197	)		1,317			N/A			N/A			N/A

	1,871			517			258,709			183,651			126,017			60,214			30,892			36,398			13,016
	17			2			22,886			26,906			7,336			5,963			1,549			250			4
	(304	)		(100	)		(222,226	)		(144,982	)		(32,306	)		(66,830	)		(11,722	)		(3,583	)		(950	)
	1,584			419			59,369			65,575			101,047			(653	)		20,719			33,065			12,070
	11,261			(503	)		(147,540	)		187,030			(304,506	)		(669,650	)		(222,760	)		231,153			305,029
	26,424			(5,676	)		(33,626	)		262,218			(265,945	)		(606,928	)		(143,680	)		298,146			350,002

	89,130			94,806			1,615,168			1,352,950			1,723,671			2,330,599			1,199,495			901,349			—
$	115,554		$	89,130		$	1,581,542		$	1,615,168		$	1,457,726		$	1,723,671		$	1,055,815		$	1,199,495		$	350,002

$	190		$	46		$	6,140		$	5,726		$	888		$	21,778		$	3,851		$	3,919		$	6,717


SEI Institutional Managed Trust / Annual Report / September 30, 2017			349

STATEMENTS OF CHANGES IN NET ASSETS ($ Thousands)

For the years or period ended September 30,


	Real Estate Fund						Enhanced Income Fund						Core Fixed Income Fund
	2017			2016			2017			2016			2017			2016
Operations:
Net investment income (loss)	$	391		$	3,204		$	1,813		$	3,995		$	45,373		$	48,193
Net realized gain (loss) from investments, affiliated investments, futures contracts, options and swap contracts		10,803			22,656			(831	)		(892	)		3,021			31,083
Net realized gain (loss) on foreign currency transactions		—			—			—			—			1,209			(2,737	)
Net change in unrealized appreciation (depreciation) on investments, affiliated investments, futures contracts, options and swap contracts		(13,186	)		6,545			2,136			1,978			(31,512	)		38,869
Net change in unrealized appreciation (depreciation) on foreign currency transactions		—			—			—			—			748			388
Net Increase (Decrease) in Net Assets Resulting from Operations		(1,992	)		32,405			3,118			5,081			18,839			115,796
Dividends and Distributions to Shareholders:
Net investment income:
Class F⁽²⁾		(3,576	)		(1,492	)		(2,326	)		(4,041	)		(44,513	)		(47,320	)
Class I		(12	)		(5	)		(4	)		(4	)		(159	)		(196	)
Class Y		(926	)		(289	)		(217	)		(333	)		(3,743	)		(1,281	)
Net capital gains:
Class F⁽²⁾		(13,694	)		(13,478	)		—			—			(38,570	)		(22,282	)
Class I		(47	)		(50	)		—			—			(177	)		(88	)
Class Y		(3,259	)		(2,072	)		—			—			(2,664	)		(251	)
Return of Capital:
Class F		—			—			—			—			—			—
Class Y		—			—			—			—			—			—
Total Dividends and Distributions		(21,514	)		(17,386	)		(2,547	)		(4,378	)		(89,826	)		(71,418	)
Capital Share Transactions:⁽³⁾
Class F⁽²⁾:
Proceeds from shares issued		33,297			53,758			24,519			64,014			358,190			370,267
Reinvestment of dividends & distributions		15,915			13,986			2,097			3,328			75,098			62,831
Cost of shares redeemed		(66,266	)		(98,481	)		(137,936	)		(77,456	)		(579,756	)		(473,871	)
Net increase (decrease) from Class F transactions		(17,054	)		(30,737	)		(111,320	)		(10,114	)		(146,468	)		(40,773	)
Class I:
Proceeds from shares issued		37			51			43			56			2,435			7,030
Reinvestment of dividends & distributions		59			55			4			5			216			181
Cost of shares redeemed		(147	)		(224	)		(115	)		(38	)		(5,651	)		(10,645	)
Net increase (decrease) from Class I transactions		(51	)		(118	)		(68	)		23			(3,000	)		(3,434	)
Class Y:
Proceeds from shares issued		7,456			20,904			1,087			9,533			177,110			48,188
Reinvestment of dividends & distributions		4,014			2,288			199			325			6,270			1,528
Cost of shares redeemed		(6,981	)		(8,223	)		(12,729	)		(3,986	)		(26,601	)		(3,615	)
Net increase (decrease) from Class Y transactions		4,489			14,969			(11,443	)		5,872			156,779			46,101
Increase (Decrease) in Net Assets Derived from Capital Share Transactions		(12,616	)		(15,886	)		(122,831	)		(4,219	)		7,311			1,894
Net Increase (Decrease) in Net Assets		(36,122	)		(867	)		(122,260	)		(3,516	)		(63,676	)		46,272
Net Assets
Beginning of year		211,420			212,287			198,624			202,140			2,150,342			2,104,070
End of year	$	175,298		$	211,420		$	76,364		$	198,624		$	2,086,666		$	2,150,342
Undistributed (Distributions in Excess of) Net Investment Income Included in Net Assets at Year or Period End	$	(1,186	)	$	2,193		$	413		$	974		$	(3,256	)	$	(3,948	)

(1)	Commenced operations on April 22, 2016

(2)	Effective January 31, 2017, Class A Shares were renamed as Class F Shares of the same Fund.

(3)	See Note 7 in Notes to Financial Statements for additional information.

N/A — Not applicable. Shares currently not offered.

Amounts designated as “—” are $0 or have been rounded to $0.

The accompanying notes are an integral part of the financial statements.


350		SEI Institutional Managed Trust / Annual Report / September 30, 2017


U.S. Fixed Income Fund						High Yield Bond Fund						Conservative Income Fund⁽¹⁾						Tax-Free Conservative Income Fund⁽¹⁾						Real Return Fund
2017			2016			2017			2016			2017			2016			2017			2016			2017			2016

$	31,506		$	22,667		$	95,706		$	108,548		$	1,776		$	117		$	763		$	57		$	3,018		$	(31	)

	(6,799	)		23,992			3,328			(52,524	)		3			1			—			—			18			(745	)
	305			72			—			—			—			—			—			—			—			—

	(21,762	)		13,681			52,441			128,300			28			5			8			(14	)		(3,124	)		8,054

	410			(111	)		—			—			—			—			—			—			—			—
	3,660			60,301			151,475			184,324			1,807			123			771			43			(88	)		7,278

	(29,187	)		(21,692	)		(81,593	)		(97,388	)		(1,558	)		(82	)		(743	)		(35	)		(2,501	)		—
	N/A			N/A			(332	)		(303	)		N/A			N/A			N/A			N/A			N/A			N/A
	(3,241	)		(1,995	)		(10,507	)		(11,336	)		(217	)		(35	)		(25	)		(22	)		(187	)		—

	(24,147	)		(11,458	)		(23,294	)		(20,752	)		(2	)		—			—			—			—			—
	N/A			N/A			(129	)		(14	)		N/A			N/A			N/A			N/A			N/A			N/A
	(2,464	)		(904	)		(2,750	)		(1,965	)		—			—			—			—			—			—

	—			—			—			—			—			—			—			—			(379	)		—
	—			—			—			—			—			—			—			—			(27	)		—
	(59,039	)		(36,049	)		(118,605	)		(131,758	)		(1,777	)		(117	)		(768	)		(57	)		(3,094	)		—

	847,168			341,832			421,069			557,107			209,939			79,708			198,433			34,618			61,868			101,105
	47,934			27,978			94,761			104,534			1,000			2			552			N/A			2,385			—
	(411,472	)		(300,552	)		(813,243	)		(516,086	)		(95,535	)		(4,704	)		(66,709	)		(3,662	)		(100,313	)		(80,211	)
	483,630			69,258			(297,413	)		145,555			115,404			75,006			132,276			30,956			(36,060	)		20,894

	N/A			N/A			12,255			17,111			N/A			N/A			N/A			N/A			N/A			N/A
	N/A			N/A			459			257			N/A			N/A			N/A			N/A			N/A			N/A
	N/A			N/A			(12,837	)		(17,757	)		N/A			N/A			N/A			N/A			N/A			N/A
	N/A			N/A			(123	)		(389	)		N/A			N/A			N/A			N/A			N/A			N/A

	81,982			28,070			51,520			73,327			26,187			33,606			6,787			13,904			3,214			11,568
	5,656			2,884			13,057			13,277			210			34			19			22			210			—
	(20,932	)		(24,672	)		(80,197	)		(39,455	)		(23,214	)		(16,845	)		(16,952	)		—			(13,859	)		(8,938	)
	66,706			6,282			(15,620	)		47,149			3,183			16,795			(10,146	)		13,926			(10,435	)		2,630
	550,336			75,540			(313,156	)		192,315			118,587			91,801			122,130			44,882			(46,495	)		23,524
	494,957			99,792			(280,286	)		244,881			118,617			91,807			122,133			44,868			(49,677	)		30,802

	1,302,394			1,202,602			1,938,000			1,693,119			91,807			—			44,868			—			320,215			289,413
$	1,797,351		$	1,302,394		$	1,657,714		$	1,938,000		$	210,424		$	91,807		$	167,001		$	44,868		$	270,538		$	320,215

$	207		$	165		$	11,451		$	16,847		$	1		$	—		$	(5	)	$	—		$	(6	)	$	(336	)


SEI Institutional Managed Trust / Annual Report / September 30, 2017			351

STATEMENTS OF CHANGES IN NET ASSETS/CONSOLIDATED STATEMENTS OF CHANGES IN NET ASSETS ($ Thousands)

For the years ended September 30,


	Dynamic Asset Allocation Fund						Multi-Strategy Alternative Fund						Multi-Asset Accumulation Fund
	2017			2016			2017			2016			2017			2016
Operations:
Net investment income (loss)	$	8,696		$	6,941		$	(584	)	$	5,182		$	(2,889	)	$	(10,289	)
Net realized gain (loss) from investments, securities sold short, futures contracts, options, swaptions and swap contracts		3,590			(2,255	)		16,242			(8,504	)		104,702			173,625
Net realized gain (loss) on foreign currency transactions		7,187			(3,995	)		(25	)		275			(4,499	)		10,203
Net change in unrealized appreciation (depreciation) on investments, securities sold short, futures contracts, options and swap contracts		96,241			45,206			6,695			21,870			25,441			60,435
Net change in unrealized appreciation (depreciation) on foreign currency transactions		1,145			(2,358	)		278			(78	)		(3,625	)		(1,282	)
Net Increase (Decrease) in Net Assets Resulting from Operations		116,859			43,539			22,606			18,745			119,130			232,692
Dividends and Distributions to Shareholders:
Net investment income:
Class F⁽¹⁾		(4,937	)		(1,545	)		(362	)		(8,678	)		(17,091	)		—
Class Y		(539	)		(203	)		(4	)		—	*		(2,213	)		—
Net capital gains:
Class F⁽¹⁾		—			—			—			(5,493	)		(133,300	)		(52,441	)
Class Y		—			—			—			—	*		(13,339	)		(5,687	)
Return of Capital:
Class Y		—			—			—			—			—			—
Total Dividends and Distributions		(5,476	)		(1,748	)		(366	)		(14,171	)		(165,943	)		(58,128	)
Capital Share Transactions:⁽²⁾
Class F⁽¹⁾:
Proceeds from shares issued		213,750			528,103			112,287			171,102			748,527			552,145
Reinvestment of dividends & distributions		4,578			1,436			326			12,521			137,072			48,391
Cost of shares redeemed		(112,077	)		(98,390	)		(200,431	)		(142,145	)		(450,101	)		(486,245	)
Net increase (decrease) from Class F transactions		106,251			431,149			(87,818	)		41,478			435,498			114,291
Class Y:
Proceeds from shares issued		31,483			6,305			3,857			4,953			71,209			27,220
Reinvestment of dividends & distributions		539			202			4			—			15,484			5,687
Cost of shares redeemed		(17,335	)		(11,889	)		(500	)		(3,712	)		(48,067	)		(48,587	)
Net increase (decrease) from Class Y transactions		14,687			(5,382	)		3,361			1,241			38,626			(15,680	)
Increase (Decrease) in Net Assets Derived from Capital Share Transactions		120,938			425,767			(84,457	)		42,719			474,124			98,611
Net Increase (Decrease) in Net Assets		232,321			467,558			(62,217	)		47,293			427,311			273,175
Net Assets
Beginning of year		537,301			69,743			575,104			527,811			2,279,105			2,005,930
End of year	$	769,622		$	537,301		$	512,887		$	575,104		$	2,706,416		$	2,279,105
Undistributed (Distributions in Excess of) Net Investment Income Included in Net Assets at Year End	$	11,921		$	1,461		$	(298	)	$	415		$	(19,459	)	$	(17,755	)

Includes investment income distributions of $351 and capital gains distributions of $195.

(1)

Effective January 31, 2017, Class A Shares were renamed as Class F Shares of the same Fund.

(2)

See Note 7 in Notes to Financial Statements for additional information

Amounts designated as “—” are $0 or have been rounded to $0.

The accompanying notes are an integral part of the financial statements.


352		SEI Institutional Managed Trust / Annual Report / September 30, 2017


Multi-Asset Income Fund						Multi-Asset Inflation Managed Fund						Multi-Asset Capital Stability Fund						Long/Short Alternative Fund
2017			2016			2017			2016			2017			2016			2017			2016

$	38,110		$	32,823		$	9,103		$	6,385		$	196		$	(422	)	$	36		$	(131	)

	7,423			(8,640	)		2,131			(10,310	)		11,296			3,682			3,258			197
	(702	)		597			(259	)		(28	)		5,769			1,589			—			—

	12,394			24,134			(30,788	)		18,621			(10,342	)		5,752			295			545

	(266	)		306			1,764			(2,228	)		6,081			(345	)		—			—
	56,959			49,220			(18,049	)		12,440			13,000			10,256			3,589			611

	(26,811	)		(31,119	)		(9,561	)		(4,527	)		(1,044	)		—			—			—
	(5,026	)		(3,724	)		(888	)		(590	)		(130	)		—			—			—

	—			(6,367	)		—			—			(3,588	)		(6,779	)		—			—
	—			(332	)		—			—			(279	)		(583	)		—			—
	—			—			—			—			—			—			(1	)		—
	(31,837	)		(41,542	)		(10,449	)		(5,117	)		(5,041	)		(7,362	)		(1	)		—

	334,913			216,121			213,570			313,191			213,677			252,346			—			—
	22,088			30,116			8,667			3,967			3,619			5,291			—			—
	(208,055	)		(222,050	)		(365,499	)		(256,694	)		(188,661	)		(167,823	)		—			—
	148,946			24,187			(143,262	)		60,464			28,635			89,814			—			—

	81,243			69,963			15,276			21,292			8,247			12,540			—			—
	4,941			4,001			868			590			409			583			—			—
	(20,925	)		(12,892	)		(34,879	)		(16,773	)		(10,338	)		(12,521	)		(11,000	)		—
	65,259			61,072			(18,735	)		5,109			(1,682	)		602			(11,000	)		—
	214,205			85,259			(161,997	)		65,573			26,953			90,416			(11,000	)		—
	239,327			92,937			(190,495	)		72,896			34,912			93,310			(7,412	)		611

	741,420			648,483			1,080,192			1,007,296			709,681			616,371			41,794			41,183
$	980,747		$	741,420		$	889,697		$	1,080,192		$	744,593		$	709,681		$	34,382		$	41,794

$	(2,329	)	$	(823	)	$	(2,908	)	$	(1,933	)	$	6,569		$	1,249		$	—		$	(83	)


SEI Institutional Managed Trust / Annual Report / September 30, 2017			353

STATEMENT OF CASH FLOWS ($ Thousands)

For the year ended September 30, 2017


	Multi-Asset Inflation Managed Fund
Cash Flows from Operating Activities:
Net decrease in net assets from operations	$	(18,049)
Adjustments to reconcile net decrease in net assets resulting from operations to net cash provided by operating activities:
Purchase of Investment Securities		(867,631)
Proceeds from disposition of investment securities		1,162,142
Proceeds from securities sold short		165,526
Purchases to cover securities sold short		(226,038)
Purchased options/purchases to cover written options		(615)
Proceeds from sale of options/expired options		432
Amortization (accretion of market discount)		(5,079)
Net Realized Gain/(Loss) on:
Investments and securities sold short		(17,516)
Options		183
Net Change in Unrealized (Appreciation)/Depreciation on:
Investments and securities sold short		32,706
Changes in Assets:
Cash collateral on swaps		511
Cash collateral on futures		(154)
Foreign currency, at value		(319)
Receivable for investment securities sold		10,734
Dividends and interest receivable		740
Unrealized gain on forward foreign currency contracts		16
Unrealized gain of foreign spot currency contracts		(13)
OTC swap contracts, at value		9
Receivable for variation margin		2,390
Foreign tax reclaim receivable		(9)
Due from broker		(1,454)
Prepaid expenses		(6)
Changes in Liabilities:
Shareholder servicing fees payable, Class F		(32)
Payable for investment securities purchased		(12,044)
OTC swap contracts, at value		295
Payable for variation margin		(1,163)
Investment advisory fees payable		(56)
Unrealized loss on forward foreign currency contracts		(1,738)
Unrealized loss on foreign currency spot contracts		(6)
Interest payable		(15)
Due to broker		(1,930)
Accrued expenses payable		189
Net Cash Provided by Operating Activities		222,006
Cash Flows from Financing Activities
Reverse repurchase agreements		(84,778)
Dividends and distributions		(10,449)
Proceeds from shares issued		229,386
Reinvestment of dividends and distributions		9,535
Cost of shares redeemed		(400,918)
Net Cash Used in Financing Activities		(257,224)
Net Change in Cash		(35,218)
Cash and cash equivalents at Beginning of Year	$	182,745
Cash and cash equivalents at End of Year	$	147,527

The accompanying notes are an integral part of the financial statements.


354		SEI Institutional Managed Trust / Annual Report / September 30, 2017

FINANCIAL HIGHLIGHTS

For the years or period ended September 30, (unless otherwise indicated)

For a Share Outstanding Throughout the Periods


	Net Asset Value, Beginning of Period		Net Investment Income (Loss)⁽¹⁾		Net Realized and Unrealized Gains (Losses) on Investments⁽¹⁾		Total from Operations		Dividends from Net Investment Income		Distributions from Net Realized Capital Gains		Total Dividends and Distributions		Net Asset Value, End of Period		Total Return†			Net Assets End of Period ($ Thousands)		Ratio of Net Expenses to Average Net Assets		Ratio of Expenses to Average Net Assets (Excluding Fees Paid Indirectly and Including Waivers)		Ratio of Expenses to Average Net Assets (Excluding Fees Paid Indirectly and Waivers)		Ratio of Net Investment Income (Loss) to Average Net Assets			Portfolio Turnover Rate^†
Large Cap Fund
Class F⁽²⁾
2017	$	12.54	$	0.12	$	2.11	$	2.23	$	(0.12)	$	—	$	(0.12)	$	14.65		17.88	%	$	2,362,181		0.89%		0.89%		0.95%		0.91	%		100	%
2016		13.71		0.12		1.16		1.28		(0.12)		(2.33)		(2.45)		12.54		10.15			2,237,663		0.91⁽³⁾		0.91⁽³⁾		0.99⁽³⁾		1.01			68
2015		15.19		0.11		(0.30)		(0.19)		(0.09)		(1.20)		(1.29)		13.71		(1.73	)		2,483,582		0.89		0.89		0.97		0.74			110
2014		13.95		0.09		2.19		2.28		(0.09)		(0.95)		(1.04)		15.19		16.96			2,581,944		0.89		0.89		1.01		0.60			57
2013		12.15		0.12		2.43		2.55		(0.13)		(0.62)		(0.75)		13.95		22.23			2,107,192		0.89		0.89		1.01		0.94			49
Class Y
2017	$	12.55	$	0.16	$	2.10	$	2.26	$	(0.15)	$	—	$	(0.15)	$	14.66		18.16	%	$	156,329		0.64%		0.64%		0.70%		1.16	%		100	%
2016		13.71		0.16		1.16		1.32		(0.15)		(2.33)		(2.48)		12.55		10.50			164,611		0.66⁽³⁾		0.66⁽³⁾		0.74⁽³⁾		1.26			68
2015⁽⁴⁾		14.62		0.11		(0.94)		(0.83)		(0.08)		—		(0.08)		13.71		(5.74	)		156,158		0.64		0.64		0.72		1.03			110
Large Cap Value Fund
Class F⁽²⁾
2017	$	21.20	$	0.32	$	3.49	$	3.81	$	(0.31)	$	—	$	(0.31)	$	24.70		18.13	%	$	1,261,075		0.89%		0.89%		0.93%		1.38	%		76	%
2016		22.35		0.32		1.78		2.10		(0.30)		(2.95)		(3.25)		21.20		10.16			1,300,029		0.91⁽³⁾		0.91⁽³⁾		0.95⁽³⁾		1.56			70
2015		25.71		0.32		(1.72)		(1.40)		(0.25)		(1.71)		(1.96)		22.35		(6.15	)		1,300,033		0.89		0.90		0.93		1.29			96
2014		21.94		0.29		3.76		4.05		(0.28)		—		(0.28)		25.71		18.55			1,527,500		0.89		0.89		0.97		1.19			58
2013		18.02		0.28		3.92		4.20		(0.28)		—		(0.28)		21.94		23.55			1,444,929		0.89		0.89		0.97		1.39			55
Class I
2017	$	21.21	$	0.27	$	3.49	$	3.76	$	(0.26)	$	—	$	(0.26)	$	24.71		17.84	%	$	4,666		1.11%		1.11%		1.18%		1.16	%		76	%
2016		22.35		0.28		1.78		2.06		(0.25)		(2.95)		(3.20)		21.21		9.93			6,165		1.13⁽³⁾		1.13⁽³⁾		1.20⁽³⁾		1.33			70
2015		25.71		0.27		(1.72)		(1.45)		(0.20)		(1.71)		(1.91)		22.35		(6.34	)		7,477		1.11		1.12		1.18		1.06			96
2014		21.96		0.24		3.75		3.99		(0.24)		—		(0.24)		25.71		18.22			9,499		1.11		1.11		1.22		0.97			58
2013		18.02		0.23		3.95		4.18		(0.24)		—		(0.24)		21.96		23.35			9,412		1.11		1.11		1.22		1.16			55
Class Y
2017	$	21.21	$	0.38	$	3.48	$	3.86	$	(0.37)	$	—	$	(0.37)	$	24.70		18.37	%	$	120,357		0.64%		0.64%		0.69%		1.63	%		76	%
2016⁽⁵⁾		23.90		0.35		0.16		0.51		(0.25)		(2.95)		(3.20)		21.21		2.88			22,004		0.66⁽³⁾		0.66⁽³⁾		0.70⁽³⁾		1.89			70
Large Cap Growth Fund
Class F⁽²⁾
2017	$	29.74	$	0.06	$	4.96	$	5.02	$	(0.04)	$	—	$	(0.04)	$	34.72		16.89	%	$	1,364,210		0.89%		0.89%		0.98%		0.20	%		95	%
2016		32.22		0.02		3.02		3.04		(0.01)		(5.51)		(5.52)		29.74		9.77			1,421,656		0.91⁽³⁾		0.91⁽³⁾		1.00⁽³⁾		0.06			93
2015		33.82		0.08		0.97		1.05		(0.05)		(2.60)		(2.65)		32.22		2.87			1,442,646		0.89		0.89		0.98		0.24			110
2014		30.28		0.09		4.25		4.34		(0.09)		(0.71)		(0.80)		33.82		14.51			1,550,723		0.89		0.89		1.02		0.26			61
2013		25.57		0.08		4.73		4.81		(0.10)		—		(0.10)		30.28		18.89			1,433,284		0.89		0.89		1.02		0.28			69
Class I
2017	$	29.17	$	(0.01)	$	4.86	$	4.85	$	—	$	—	$	—	$	34.02		16.63	%	$	3,607		1.11%		1.11%		1.23%		(0.03	)%		95	%
2016		31.75		(0.04)		2.97		2.93		—		(5.51)		(5.51)		29.17		9.54			4,783		1.13⁽³⁾		1.13⁽³⁾		1.25⁽³⁾		(0.15	)		93
2015		33.40		0.01		0.96		0.97		(0.02)		(2.60)		(2.62)		31.75		2.65			5,558		1.11		1.11		1.23		0.02			110
2014		29.93		0.01		4.21		4.22		(0.04)		(0.71)		(0.75)		33.40		14.28			7,245		1.11		1.11		1.27		0.05			61
2013		25.28		0.02		4.68		4.70		(0.05)		—		(0.05)		29.93		18.62			8,324		1.11		1.11		1.27		0.06			69
Class Y
2017	$	29.80	$	0.14	$	4.96	$	5.10	$	(0.14)	$	—	$	(0.14)	$	34.76		17.17	%	$	123,109		0.64%		0.64%		0.74%		0.45	%		95	%
2016⁽⁵⁾		34.91		0.07		0.36		0.43		(0.03)		(5.51)		(5.54)		29.80		1.58			20,481		0.66⁽³⁾		0.66⁽³⁾		0.75⁽³⁾		0.25			93

^†	Returns and portfolio turnover rates are for the period indicated and have not been annualized. Returns do not reflect the deduction of taxes the shareholder would pay on fund distributions or redemption of fund shares.

(1)	Per share net investment income and net realized and unrealized gains (losses) calculated using average shares.

(2)	Effective January 31, 2017, Class A Shares were renamed as Class F Shares of the same Fund.

(3)	The expense ratio includes proxy expenses outside of the cap.

(4)	Commenced operations on December 31, 2014. All ratios for the period have been annualized.

(5)	Commenced operations on October 30, 2015. All ratios for the period have been annualized.

Amounts

designated as “—“ are $0 or have been rounded to $0.


SEI Institutional Managed Trust / Annual Report / September 30, 2017		355

FINANCIAL HIGHLIGHTS

For the years or period ended September 30, (unless otherwise indicated)

For a Share Outstanding Throughout the Periods


	Net Asset Value, Beginning of Period		Net Investment Income (Loss)⁽¹⁾			Net Realized and Unrealized Gains (Losses) on Investments⁽¹⁾		Total from Operations		Dividends from Net Investment Income		Distributions from Net Realized Capital Gains		Total Dividends and Distributions		Net Asset Value, End of Period		Total Return†			Net Assets End of Period ($ Thousands)		Ratio of Net Expenses to Average Net Assets		Ratio of Expenses to Average Net Assets (Excluding Fees Paid Indirectly and Including Waivers)		Ratio of Expenses to Average Net Assets (Excluding Fees Paid Indirectly and Waivers)		Ratio of Net Investment Income (Loss) to Average Net Assets			Portfolio Turnover Rate^†
Tax-Managed Large Cap Fund
Class F⁽²⁾
2017	$	20.74	$	0.18		$	3.37	$	3.55	$	(0.18)	$	—	$	(0.18)	$	24.11		17.19	%	$	3,385,550		0.90%⁽³⁾		0.90%⁽³⁾		0.94%⁽³⁾		0.82	%		88	%
2016		19.13		0.19			1.60		1.79		(0.18)		—		(0.18)		20.74		9.42			3,427,251		0.91⁽⁴⁾		0.91⁽⁴⁾		1.00⁽⁴⁾		0.95			89
2015		19.64		0.14			(0.52)		(0.38)		(0.13)		—		(0.13)		19.13		(1.99	)		3,072,983		0.89		0.89		0.98		0.70			85
2014		16.81		0.12			2.84		2.96		(0.13)		—		(0.13)		19.64		17.63			3,089,839		0.89		0.89		1.02		0.65			39
2013		13.88		0.15			2.94		3.09		(0.16)		—		(0.16)		16.81		22.47			2,407,951		0.89		0.89		1.02		1.00			42
Class Y
2017	$	20.75	$	0.24		$	3.37	$	3.61	$	(0.23)	$	—	$	(0.23)	$	24.13		17.52	%	$	317,822		0.65%⁽³⁾		0.65%⁽³⁾		0.69%⁽³⁾		1.07	%		88	%
2016		19.13		0.24			1.61		1.85		(0.23)		—		(0.23)		20.75		9.75			198,095		0.66⁽⁴⁾		0.66⁽⁴⁾		0.75⁽⁴⁾		1.20			89
2015⁽⁵⁾		20.46		0.15			(1.38)		(1.23)		(0.10)		—		(0.10)		19.13		(6.04	)		129,791		0.64		0.64		0.73		1.00			85
S&P 500 Index Fund
Class E
2017	$	53.68	$	1.00		$	8.51	$	9.51	$	(0.96)	$	(1.59)	$	(2.55)	$	60.64		18.32	%	$	323,386		0.25%		0.25%		0.29%		1.76	%		21	%
2016		47.54		0.95			6.18		7.13		(0.92)		(0.07)		(0.99)		53.68		15.14			277,242		0.27⁽⁴⁾		0.27⁽⁴⁾		0.32⁽⁴⁾		1.88			10
2015		53.30		0.87			(0.99)		(0.12)		(0.95)		(4.69)		(5.64)		47.54		(0.77	)		242,962		0.25		0.25		0.29		1.67			12
2014		46.45		0.89			7.94		8.83		(0.91)		(1.07)		(1.98)		53.30		19.42			2,070,624		0.25		0.25		0.29		1.76			10
2013		39.79		0.85			6.65		7.50		(0.84)		—		(0.84)		46.45		19.11			2,365,696		0.25		0.25		0.29		1.99			6
Class F⁽²⁾
2017	$	53.32	$	0.89		$	8.47	$	9.36	$	(0.87)	$	(1.59)	$	(2.46)	$	60.22		18.12	%	$	417,308		0.43%		0.43%		0.54%		1.58	%		21	%
2016		47.23		0.86			6.13		6.99		(0.83)		(0.07)		(0.90)		53.32		14.93			386,477		0.45⁽⁴⁾		0.45⁽⁴⁾		0.57⁽⁴⁾		1.69			10
2015		53.00		0.77			(0.99)		(0.22)		(0.86)		(4.69)		(5.55)		47.23		(0.97	)		385,743		0.43		0.43		0.54		1.51			12
2014		46.20		0.79			7.91		8.70		(0.83)		(1.07)		(1.90)		53.00		19.23			394,132		0.43		0.43		0.54		1.58			10
2013		39.60		0.76			6.61		7.37		(0.77)		—		(0.77)		46.20		18.87			352,589		0.43		0.43		0.54		1.78			6
Class I
2017	$	53.58	$	0.77		$	8.52	$	9.29	$	(0.72)	$	(1.59)	$	(2.31)	$	60.56		17.87	%	$	6,328		0.65%		0.65%		0.79%		1.36	%		21	%
2016		47.46		0.76			6.15		6.91		(0.72)		(0.07)		(0.79)		53.58		14.67			6,473		0.67⁽⁴⁾		0.67⁽⁴⁾		0.82⁽⁴⁾		1.49			10
2015		53.22		0.66			(0.99)		(0.33)		(0.74)		(4.69)		(5.43)		47.46		(1.19	)		7,774		0.65		0.65		0.79		1.28			12
2014		46.38		0.68			7.94		8.62		(0.71)		(1.07)		(1.78)		53.22		18.95			7,962		0.65		0.65		0.79		1.35			10
2013		39.73		0.67			6.65		7.32		(0.67)		—		(0.67)		46.38		18.60			7,577		0.65		0.65		0.79		1.58			6
Class Y
2017	$	53.33	$	0.98		$	8.46	$	9.44	$	(0.96)	$	(1.59)	$	(2.55)	$	60.22		18.31	%	$	42,961		0.25%		0.25%		0.29%		1.71	%		21	%
2016⁽⁶⁾		51.04		0.87			2.25		3.12		(0.76)		(0.07)		(0.83)		53.33		6.19			780		0.28⁽⁴⁾		0.28⁽⁴⁾		0.32⁽⁴⁾		1.88			10
Small Cap Fund
Class F⁽²⁾
2017	$	11.61	$	(0.02	)	$	1.68	$	1.66	$	(0.02)	$	—	$	(0.02)	$	13.25		14.29	%	$	588,341		1.14%		1.14%		1.24%		(0.12	)%		135	%
2016		11.99		—			0.88		0.88		—		(1.26)		(1.26)		11.61		7.76			550,556		1.16⁽⁴⁾		1.16⁽⁴⁾		1.26⁽⁴⁾		0.03			104
2015		13.01		(0.01	)		0.04		0.03		—		(1.05)		(1.05)		11.99		(0.24	)		495,245		1.14		1.14		1.22		(0.11	)		137
2014		13.32		(0.03	)		0.61		0.58		—*		(0.89)		(0.89)		13.01		4.38			483,282		1.14		1.14		1.28		(0.24	)		72
2013		10.62		0.01			3.25		3.26		(0.05)		(0.51)		(0.56)		13.32		32.40			410,780		1.14		1.14		1.28		0.08			72
Class Y
2017	$	11.66	$	0.02		$	1.67	$	1.69	$	(0.04)	$	—	$	(0.04)	$	13.31		14.51	%	$	39,149		0.89%		0.89%		0.99%		0.13	%		135	%
2016		12.01		0.03			0.89		0.92		(0.01)		(1.26)		(1.27)		11.66		8.08			37,859		0.91⁽⁴⁾		0.91⁽⁴⁾		1.01⁽⁴⁾		0.28			104
2015⁽⁵⁾		12.89		0.01			(0.89)		(0.88)		—		—		—		12.01		(6.83	)		32,810		0.89		0.89		0.98		0.11			137

*	Amount represents less than $0.01 per share.

†	Returns and portfolio turnover rates are for the period indicated and have not been annualized. Returns do not reflect the deduction of taxes the shareholder would pay on fund distributions or redemption of fund shares.

(1)	Per share net investment income and net realized and unrealized gains (losses) calculated using average shares.

(2)	Effective January 31, 2017, Class A Shares were renamed as Class F shares of the same Fund.

(3)	The expense ratio includes litigation expenses outside the cap.

(4)	The expense ratio includes proxy expenses outside of the cap.

(5)	Commenced operations on December 31, 2014. All ratios for the period have been annualized.

(6)	Commenced operations on October 30, 2015. All ratios for the period have been annualized.

Amounts

designated as “—” are $0 or have been rounded to $0.


356		SEI Institutional Managed Trust / Annual Report / September 30, 2017

FINANCIAL HIGHLIGHTS

For the years or period ended September 30, (unless otherwise indicated)

For a Share Outstanding Throughout the Periods



	Net Asset Value, Beginning of Period		Net Investment Income (Loss)⁽¹⁾		Net Realized and Unrealized Gains (Losses) on Investments⁽¹⁾		Total from Operations		Dividends from Net Investment Income		Distributions from Net Realized Capital Gains		Total Dividends and Distributions		Net Asset Value, End of Period		Total Return^†		Net Assets End of Period ($ Thousands)		Ratio of Net Expenses to Average Net Assets		Ratio of Expenses to Average Net Assets (Excluding Fees Paid Indirectly and Including Waivers)		Ratio of Expenses to Average Net Assets (Excluding Fees Paid Indirectly and Waivers)		Ratio of Net Investment Income (Loss) to Average Net Assets		Portfolio Turnover Rate^†
Small Cap Value Fund
Class F⁽²⁾
2017	$	22.75	$	0.11	$	3.43	$	3.54	$	(0.13)	$	—	$	(0.13)	$	26.16		15.61%	$	349,296		1.14%		1.14%		1.23%		0.45%		123%
2016		21.80		0.14		2.27		2.41		(0.15)		(1.31)		(1.46)		22.75		11.60		362,348		1.17⁽³⁾		1.17⁽³⁾		1.26⁽³⁾		0.63		87
2015		23.97		0.13		(0.19)		(0.06)		(0.15)		(1.96)		(2.11)		21.80		(0.76)		345,594		1.14		1.14		1.23		0.56		87
2014		23.24		0.12		0.95		1.07		(0.14)		(0.20)		(0.34)		23.97		4.54		374,828		1.14		1.14		1.27		0.49		52
2013		18.23		0.17		5.03		5.20		(0.19)		—		(0.19)		23.24		28.73		391,113		1.14		1.14		1.28		0.84		51
Class I
2017	$	22.57	$	0.05	$	3.41	$	3.46	$	(0.09)	$	—	$	(0.09)	$	25.94		15.37%	$	2,466		1.36%		1.36%		1.48%		0.22%		123%
2016		21.64		0.09		2.25		2.34		(0.10)		(1.31)		(1.41)		22.57		11.34		2,910		1.39⁽³⁾		1.39⁽³⁾		1.51⁽³⁾		0.40		87
2015		23.81		0.08		(0.19)		(0.11)		(0.10)		(1.96)		(2.06)		21.64		(0.99)		3,736		1.36		1.36		1.48		0.34		87
2014		23.09		0.07		0.93		1.00		(0.08)		(0.20)		(0.28)		23.81		4.29		4,179		1.36		1.36		1.52		0.27		52
2013		18.10		0.11		5.02		5.13		(0.14)		—		(0.14)		23.09		28.51		5,308		1.36		1.36		1.53		0.55		51
Class Y
2017	$	22.76	$	0.18	$	3.43	$	3.61	$	(0.19)	$	—	$	(0.19)	$	26.18		15.94%	$	37,243		0.89%		0.89%		0.99%		0.74%		123%
2016⁽⁴⁾		22.95		0.18		1.09		1.27		(0.15)		(1.31)		(1.46)		22.76		6.04		7,207		0.92⁽³⁾		0.92⁽³⁾		1.02⁽³⁾		0.91		87
Small Cap Growth Fund
Class F⁽²⁾
2017	$	28.86	$	(0.17)	$	5.73	$	5.56	$	—	$	—	$	—	$	34.42		19.27%	$	312,759		1.11%		1.11%		1.23%		(0.55)%		116%
2016		26.60		(0.08)		2.34		2.26		—		—		—		28.86		8.50		312,240		1.14⁽³⁾		1.14⁽³⁾		1.26⁽³⁾		(0.31)		124
2015		25.95		(0.14)		0.79		0.65		—		—		—		26.60		2.50		325,353		1.11		1.11		1.23		(0.48)		131
2014		24.63		(0.15)		1.47		1.32		—*		—		—*		25.95		5.36		335,849		1.11		1.11		1.28		(0.57)		70
2013		18.57		(0.02)		6.16		6.14		(0.08)		—		(0.08)		24.63		33.21		353,097		1.11		1.11		1.28		(0.08)		81
Class I
2017	$	27.83	$	(0.24)	$	5.52	$	5.28	$	—	$	—	$	—	$	33.11		18.97%	$	2,079		1.36%		1.36%		1.48%		(0.79)%		116%
2016		25.71		(0.14)		2.26		2.12		—		—		—		27.83		8.25		2,253		1.39⁽³⁾		1.39⁽³⁾		1.51⁽³⁾		(0.56)		124
2015		25.15		(0.20)		0.76		0.56		—		—		—		25.71		2.23		2,774		1.36		1.36		1.48		(0.73)		131
2014		23.93		(0.21)		1.43		1.22		—		—		—		25.15		5.10		2,968		1.36		1.36		1.52		(0.82)		70
2013		18.04		(0.07)		5.99		5.92		(0.03)		—		(0.03)		23.93		32.86		3,384		1.36		1.36		1.53		(0.35)		81
Class Y
2017	$	28.93	$	(0.11)	$	5.77	$	5.66	$	—	$	—	$	—	$	34.59		19.57%	$	28,446		0.86%		0.86%		0.98%		(0.36)%		116%
2016⁽⁴⁾		27.72		(0.02)		1.23		1.21		—		—		—		28.93		4.37		7,243		0.89⁽³⁾		0.89⁽³⁾		1.01⁽³⁾		(0.08)		124
Tax-Managed Small/Mid Cap Fund
Class F⁽²⁾
2017	$	18.97	$	0.03	$	3.17	$	3.20	$	(0.08)	$	—	$	(0.08)	$	22.09		16.91%	$	782,449		1.11%⁽⁵⁾		1.11%⁽⁵⁾		1.24%⁽⁵⁾		0.12%		151%
2016		17.53		0.06		1.44		1.50		(0.06)		—		(0.06)		18.97		8.55		643,288		1.13⁽³⁾		1.13⁽³⁾		1.25⁽³⁾		0.35		107
2015		17.62		0.02		0.09		0.11		(0.01)		(0.19)		(0.20)		17.53		0.58		589,712		1.11		1.11		1.23		0.12		98
2014		17.10		0.01		1.40		1.41		(0.02)		(0.87)		(0.89)		17.62		8.44		573,175		1.11		1.11		1.28		0.07		61
2013		13.26		0.04		3.86		3.90		(0.06)		—		(0.06)		17.10		29.54		486,216		1.11		1.11		1.28		0.30		67
Class Y
2017	$	18.98	$	0.07	$	3.17	$	3.24	$	(0.11)	$	—	$	(0.11)	$	22.11		17.14%	$	75,183		0.90%⁽⁵⁾		0.90%⁽⁵⁾		0.99%⁽⁵⁾		0.34%		151%
2016		17.55		0.10		1.44		1.54		(0.11)		—		(0.11)		18.98		8.79		47,185		0.91⁽³⁾		0.91⁽³⁾		1.00⁽³⁾		0.58		107
2015⁽⁶⁾		18.52		0.05		(1.01)		(0.96)		(0.01)		—		(0.01)		17.55		(5.17)		28,090		0.89		0.89		0.98		0.32		98

*	Amount represents less than $0.01 per share.

^†	Returns and portfolio turnover rates are for the period indicated and have not been annualized. Returns do not reflect the deduction of taxes the shareholder would pay on fund distributions or redemption of fund shares.

(1)	Per share net investment income and net realized and unrealized gains (losses) calculated using average shares.

(2)	Effective January 31, 2017, Class A were renamed as Class F shares of the same Fund.

(3)	The expense ratio includes proxy expenses outside of the cap.

(4)	Commenced operations on October 30, 2015. All ratios for the period have been annualized.

(5)	The expense ratio includes litigation expenses outside the cap.

(6)	Commenced operations on December 31, 2014. All ratios for the period have been annualized.

Amounts

designated as “—“ are $0 or have been rounded to $0.


SEI Institutional Managed Trust / Annual Report / September 30, 2017		357

FINANCIAL HIGHLIGHTS

For the years or period ended September 30, (unless otherwise indicated)

For a share outstanding throughout each period



	Net Asset Value, Beginning of Period		Net Investment Income (Loss)⁽¹⁾		Net Realized and Unrealized Gains (Losses) on Investments⁽¹⁾		Total from Operations		Dividends from Net Investment Income		Distributions from Net Realized Capital Gains		Total Dividends and Distributions		Net Asset Value, End of Period		Total Return^†		Net Assets End of Period ($Thousands)		Ratio of Net Expenses to Average Net Assets		Ratio of Expenses to Average Net Assets (Excluding Fees Paid Indirectly and Including Waivers)		Ratio of Expenses to Average Net Assets (Excluding Fees Paid Indirectly and Waivers)		Ratio of Net Investment Income (Loss) to Average Net Assets		Portfolio Turnover Rate^†

Mid-Cap Fund
Class F⁽²⁾
2017	$	24.00	$	0.17	$	3.99	$	4.16	$	(0.16)	$	(0.19)	$	(0.35)	$	27.81		17.52%	$	112,423		0.98%		0.98%		0.99%		0.67%		112%
2016		25.08		0.27		2.86		3.13		(0.34)		(3.87)		(4.21)		24.00		14.10		87,780		1.01⁽³⁾		1.01⁽³⁾		1.01⁽³⁾		1.16		115
2015		27.53		0.17		0.12		0.29		(0.07)		(2.67)		(2.74)		25.08		0.67		93,923		0.98		0.98		0.98		0.63		175
2014		24.64		0.04		3.65		3.69		(0.06)		(0.74)		(0.80)		27.53		15.28		93,705		1.02		1.02		1.03		0.16		66
2013		19.30		0.11		5.37		5.48		(0.14)		–		(0.14)		24.64		28.52		107,487		1.02		1.02		1.03		0.52		108
Class I
2017	$	23.96	$	0.12	$	4.00	$	4.12	$	(0.11)	$	(0.19)	$	(0.30)	$	27.78		17.32%	$	864		1.20%		1.20%		1.24%		0.46%		112%
2016		25.04		0.22		2.85		3.07		(0.28)		(3.87)		(4.15)		23.96		13.84		871		1.24⁽³⁾		1.24⁽³⁾		1.27⁽³⁾		0.97		115
2015		27.52		0.10		0.12		0.22		(0.03)		(2.67)		(2.70)		25.04		0.43		883		1.20		1.20		1.23		0.38		175
2014		24.64		(0.02)		3.65		3.63		(0.01)		(0.74)		(0.75)		27.52		15.01		1,144		1.26		1.26		1.28		(0.08)		66
2013		19.30		0.06		5.37		5.43		(0.09)		–		(0.09)		24.64		28.20		1,558		1.26		1.26		1.28		0.27		108
Class Y
2017	$	24.01	$	0.24	$	4.00	$	4.24	$	(0.23)	$	(0.19)	$	(0.42)	$	27.83		17.84%	$	2,267		0.73%		0.73%		0.74%		0.93%		112%
2016⁽⁴⁾		26.61		0.30		1.29		1.59		(0.32)		(3.87)		(4.19)		24.01		7.56		479		0.78⁽³⁾		0.78⁽³⁾		0.78⁽³⁾		1.43		115
U.S. Managed Volatility Fund
Class F⁽²⁾
2017	$	17.04	$	0.25	$	1.72	$	1.97	$	(0.26)	$	(0.49)	$	(0.75)	$	18.26		11.85%	$	994,387		1.00%		1.00%		1.23%		1.45%		48%
2016		16.23		0.25		1.62		1.87		(0.26)		(0.80)		(1.06)		17.04		12.01		1,126,685		1.02⁽³⁾		1.02⁽³⁾		1.25⁽³⁾		1.53		43
2015		17.50		0.25		0.60		0.85		(0.25)		(1.87)		(2.12)		16.23		4.61		959,241		1.00		1.00		1.23		1.47		58
2014		16.09		0.23		2.62		2.85		(0.23)		(1.21)		(1.44)		17.50		18.68		1,001,565		1.00		1.00		1.27		1.38		71
2013		13.96		0.27		2.25		2.52		(0.27)		(0.12)		(0.39)		16.09		18.39		851,119		1.00		1.00		1.27		1.78		39
Class I
2017	$	17.03	$	0.21	$	1.71	$	1.92	$	(0.20)	$	(0.49)	$	(0.69)	$	18.26		11.58%	$	1,426		1.25%		1.25%		1.48%		1.21%		48%
2016		16.21		0.21		1.62		1.83		(0.21)		(0.80)		(1.01)		17.03		11.76		1,928		1.27⁽³⁾		1.27⁽³⁾		1.50⁽³⁾		1.28		43
2015		17.47		0.21		0.60		0.81		(0.20)		(1.87)		(2.07)		16.21		4.43		1,469		1.25		1.25		1.48		1.22		58
2014		16.07		0.19		2.61		2.80		(0.19)		(1.21)		(1.40)		17.47		18.35		1,280		1.25		1.25		1.52		1.13		71
2013		13.93		0.23		2.25		2.48		(0.22)		(0.12)		(0.34)		16.07		18.10		1,230		1.25		1.25		1.52		1.52		39
Class Y
2017	$	17.05	$	0.30	$	1.71	$	2.01	$	(0.30)	$	(0.49)	$	(0.79)	$	18.27		12.13%	$	585,729		0.75%		0.75%		0.98%		1.73%		48%
2016		16.24		0.29		1.62		1.91		(0.30)		(0.80)		(1.10)		17.05		12.28		486,555		0.77⁽³⁾		0.77⁽³⁾		1.00⁽³⁾		1.78		43
2015⁽⁵⁾		16.51		0.22		(0.35)		(0.13)		(0.14)		–		(0.14)		16.24		(1.97)		392,240		0.75		0.75		0.99		1.73		58

^†	Returns and portfolio turnover rates are for the period indicated and have not been annualized. Returns do not reflect the deduction of taxes the shareholder would pay on fund distributions or redemption of fund shares.

(1)	Per share net investment income and net realized and unrealized gains (losses) calculated using average shares.

(2)	Effective January 31, 2017, Class A Shares were renamed as Class F Shares of the same Fund.

(3)	The expense ratio includes proxy expenses outside of the cap.

(4)	Commenced operations on October 30, 2015. All ratios for the period have been annualized.

(5)	Commenced operations on December 31, 2014. All ratios for the period have been annualized.

Amounts designated as “—” are $0 or have been rounded to $0.


358		SEI Institutional Managed Trust / Annual Report / September 30, 2017

FINANCIAL HIGHLIGHTS

For the years or period ended September 30, (unless otherwise indicated)

For a share outstanding throughout each period



	Net Asset Value, Beginning of Period		Net Investment Income (Loss)⁽¹⁾		Net Realized and Unrealized Gains (Losses) on Investments⁽¹⁾			Total from Operations			Dividends from Net Investment Income			Distributions from Net Realized Capital Gains			Total Dividends and Distributions			Net Asset Value, End of Period		Total Return^†			Net Assets End of Period ($ Thousands)		Ratio of Net Expenses to Average Net Assets		Ratio of Expenses to Average Net Assets (Excluding Fees Paid Indirectly and Including Waivers)		Ratio of Expenses to Average Net Assets (Excluding Fees Paid Indirectly and Waivers)		Ratio of Net Investment Income (Loss) to Average Net Assets		Portfolio Turnover Rate^†

Global Managed Volatility Fund
Class F⁽²⁾
2017	$	11.51	$	0.17	$	1.03		$	1.20		$	(0.32	)	$	(0.42	)	$	(0.74	)	$	11.97		11.16	%	$	1,242,592		1.11%		1.11%		1.24%		1.45%		61%
2016		10.83		0.17		1.20			1.37			(0.55	)		(0.14	)		(0.69	)		11.51		13.08			1,618,549		1.13⁽³⁾		1.13⁽³⁾		1.25⁽³⁾		1.50		58
2015		11.41		0.20		0.47			0.67			(0.57	)		(0.68	)		(1.25	)		10.83		5.87			2,234,776		1.11		1.11		1.23		1.75		52
2014		11.00		0.20		1.24			1.44			(0.50	)		(0.53	)		(1.03	)		11.41		13.97			1,799,842		1.11		1.11		1.28		1.84		68
2013		9.80		0.23		1.22			1.45			(0.25	)		—			(0.25	)		11.00		15.12			1,399,316		1.11		1.11		1.28		2.09		60
Class I
2017	$	11.29	$	0.14	$	1.00		$	1.14		$	(0.28	)	$	(0.42	)	$	(0.70	)	$	11.73		10.80	%	$	1,573		1.36%		1.36%		1.48%		1.24%		61%
2016		10.62		0.15		1.18			1.33			(0.52	)		(0.14	)		(0.66	)		11.29		12.97			2,734		1.38⁽³⁾		1.38⁽³⁾		1.51⁽³⁾		1.41		58
2015		11.23		0.17		0.44			0.61			(0.54	)		(0.68	)		(1.22	)		10.62		5.43			1,301		1.36		1.36		1.48		1.50		52
2014		10.84		0.17		1.23			1.40			(0.48	)		(0.53	)		(1.01	)		11.23		13.78			1,034		1.36		1.36		1.53		1.59		68
2013		9.66		0.20		1.21			1.41			(0.23	)		—			(0.23	)		10.84		14.91			954		1.36		1.36		1.54		1.85		60
Class Y
2017	$	11.55	$	0.22	$	1.00		$	1.22		$	(0.35	)	$	(0.42	)	$	(0.77	)	$	12.00		11.32	%	$	213,561		0.87%		0.87%		0.99%		1.87%		61%
2016		10.85		0.21		1.20			1.41			(0.57	)		(0.14	)		(0.71	)		11.55		13.49			102,388		0.88⁽³⁾		0.88⁽³⁾		1.01⁽³⁾		1.86		58
2015⁽⁴⁾		10.73		0.19		(0.07	)		0.12			—			—			—			10.85		1.12			94,522		0.86		0.86		0.99		2.23		52
Tax-Managed Managed Volatility Fund
Class F⁽²⁾
2017	$	14.74	$	0.23	$	1.61		$	1.84		$	(0.23	)	$	(0.39	)	$	(0.62	)	$	15.96		12.84	%	$	994,011		1.00%		1.00%		1.23%		1.53%		22%
2016		13.88		0.22		1.41			1.63			(0.21	)		(0.56	)		(0.77	)		14.74		12.24			1,162,478		1.02⁽³⁾		1.02⁽³⁾		1.25⁽³⁾		1.52		32
2015		14.14		0.20		0.64			0.84			(0.20	)		(0.90	)		(1.10	)		13.88		5.92			901,026		1.00		1.00		1.23		1.40		49
2014		12.70		0.19		1.94			2.13			(0.18	)		(0.51	)		(0.69	)		14.14		17.33			765,744		1.00		1.00		1.28		1.38		58
2013		11.28		0.22		1.75			1.97			(0.22	)		(0.33	)		(0.55	)		12.70		18.24			621,530		1.00		1.00		1.27		1.86		28
Class Y
2017	$	14.74	$	0.27	$	1.61		$	1.88		$	(0.27	)	$	(0.39	)	$	(0.66	)	$	15.96		13.12	%	$	61,804		0.75%		0.75%		0.98%		1.80%		22%
2016		13.89		0.26		1.40			1.66			(0.25	)		(0.56	)		(0.81	)		14.74		12.42			37,017		0.77⁽³⁾		0.77⁽³⁾		1.01⁽³⁾		1.81		32
2015⁽⁵⁾		14.25		0.11		(0.42	)⁽⁶⁾		(0.31	)		(0.05	)		—			(0.05	)		13.89		(2.17	)		323		0.81		0.81		1.06		1.77		49
Tax-Managed International Managed Volatility Fund
Class F⁽²⁾
2017⁽⁷⁾	$	10.00	$	0.23	$	1.33		$	1.56		$	—		$	—		$	—		$	11.56		15.65	%	$	336,350		1.11%		1.11%		1.39%		2.29%		51%
Class Y
2017⁽⁷⁾	$	10.00	$	0.30	$	1.29		$	1.59		$	(0.01	)	$	—		$	(0.01	)	$	11.58		15.90	%	$	13,652		0.86%		0.86%		1.15%		2.92%		51%

^†	Returns and portfolio turnover rates are for the period indicated and have not been annualized. Returns do not reflect the deduction of taxes the shareholder would pay on fund distributions or redemption of fund shares.

(1)	Per share net investment income and net realized and unrealized gains (losses) calculated using average shares.

(2)	Effective January 31, 2017, Class A Shares were renamed as Class F Shares of the same Fund.

(3)	The expense ratio includes proxy expenses outside of the cap.

(4)	Commenced operations on December 31, 2014. All ratios for the period have been annualized.

(5)	Commenced operations on April 30, 2015. All ratios for the period have been annualized.

(6)	The amount shown for a share outstanding throughout the period does not accord with the aggregate net gains on investments for that period because the sales and repurchase of Fund shares in relation to the fluctuating market value of the Fund.

(7)	Commenced operations on October 17, 2016. All ratios for the period have been annualized.

Amounts designated as “—” are $0 or have been rounded to $0.


SEI Institutional Managed Trust / Annual Report / September 30, 2017		359

FINANCIAL HIGHLIGHTS

For the years or period ended September 30, (unless otherwise indicated)

For a share outstanding throughout each period


	Net Asset Value, Beginning of Period		Net Investment Income (Loss)⁽¹⁾		Net Realized and Unrealized Gains (Losses) on Investments⁽¹⁾		Total from Operations		Dividends from Net Investment Income		Distributions from Net Realized Capital Gains		Total Dividends and Distributions		Net Asset Value, End of Period		Total Return^†		Net Assets End of Period ($ Thousands)		Ratio of Net Expenses to Average Net Assets		Ratio of Expenses to Average Net Assets (Excluding Fees Paid Indirectly and Including Waivers)		Ratio of Expenses to Average Net Assets (Excluding Fees Paid Indirectly and Waivers)		Ratio of Net Investment Income (Loss) to Average Net Assets		Portfolio Turnover Rate^†
Real Estate Fund
Class F⁽²⁾
2017	$	19.37	$	0.03	$	(0.21)	$	(0.18)	$	(0.41)	$	(1.63)	$	(2.04)	$	17.15		(0.57)%	$	137,877		1.14%		1.14%		1.24%		0.16%		67%
2016		17.96		0.29		2.69		2.98		(0.16)		(1.41)		(1.57)		19.37		17.13		174,178		1.16⁽³⁾		1.16⁽³⁾		1.25⁽³⁾		1.54		84
2015		17.05		0.08		1.87		1.95		(0.26)		(0.78)		(1.04)		17.96		11.44		193,006		1.14		1.14		1.23		0.42		51
2014		15.42		0.29		1.64		1.93		(0.30)		—		(0.30)		17.05		12.63		226,780		1.14		1.14		1.28		1.76		57
2013		14.97		0.14		0.50		0.64		(0.19)		—		(0.19)		15.42		4.30		207,876		1.14		1.14		1.27		0.91		74
Class I
2017	$	19.35	$	(0.02)	$	(0.20)	$	(0.22)	$	(0.37)	$	(1.63)	$	(2.00)	$	17.13		(0.80)%	$	529		1.36%		1.36%		1.49%		(0.09)%		67%
2016		17.94		0.25		2.69		2.94		(0.12)		(1.41)		(1.53)		19.35		16.90		651		1.38⁽³⁾		1.38⁽³⁾		1.50⁽³⁾		1.33		84
2015		17.03		0.03		1.87		1.90		(0.21)		(0.78)		(0.99)		17.94		11.16		720		1.36		1.36		1.48		0.17		51
2014		15.39		0.25		1.64		1.89		(0.25)		—		(0.25)		17.03		12.33		622		1.36		1.36		1.52		1.51		57
2013		14.93		0.10		0.51		0.61		(0.15)		—		(0.15)		15.39		4.09		565		1.36		1.36		1.52		0.65		74
Class Y
2017	$	19.38	$	0.07	$	(0.21)	$	(0.14)	$	(0.46)	$	(1.63)	$	(2.09)	$	17.15		(0.37)%	$	36,892		0.89%		0.89%		0.99%		0.41%		67%
2016		17.96		0.32		2.72		3.04		(0.21)		(1.41)		(1.62)		19.38		17.49		36,591		0.92⁽³⁾		0.92⁽³⁾		1.01⁽³⁾		1.64		84
2015⁽⁴⁾		19.00		0.08		(0.65)⁽⁵⁾		(0.57)		(0.14)		(0.33)		(0.47)		17.96		(2.97)		18,561		0.89		0.89		0.98		0.54		51
Enhanced Income Fund
Class F⁽²⁾
2017	$	7.49	$	0.16	$	0.11	$	0.27	$	(0.18)	$	—	$	(0.18)	$	7.58		3.60%	$	70,279		0.60%		0.60%		0.98%		2.06%		76%
2016		7.46		0.15		0.04		0.19		(0.16)		—		(0.16)		7.49		2.60		181,059		0.63⁽³⁾		0.63⁽³⁾		1.04⁽³⁾		1.96		90
2015		7.60		0.14		(0.13)		0.01		(0.15)		—		(0.15)		7.46		0.07		190,645		0.60		0.60		1.02		1.82		89
2014		7.61		0.14		(0.01)		0.13		(0.14)		—		(0.14)		7.60		1.69		230,910		0.60		0.60		1.05		1.78		106
2013		7.57		0.16		0.03		0.19		(0.15)		—		(0.15)		7.61		2.50		194,821		0.60		0.60		1.05		2.08		170
Class I
2017	$	7.47	$	0.14	$	0.11	$	0.25	$	(0.16)	$	—	$	(0.16)	$	7.56		3.33%	$	188		0.85%		0.85%		1.23%		1.81%		76%
2016		7.45		0.13		0.03		0.16		(0.14)		—		(0.14)		7.47		2.20		255		0.88⁽³⁾		0.88⁽³⁾		1.29⁽³⁾		1.71		90
2015		7.58		0.12		(0.12)		—		(0.13)		—		(0.13)		7.45		(0.06)		232		0.85		0.85		1.26		1.54		89
2014		7.59		0.12		(0.01)		0.11		(0.12)		—		(0.12)		7.58		1.44		376		0.85		0.85		1.30		1.53		106
2013		7.56		0.14		0.02		0.16		(0.13)		—		(0.13)		7.59		2.17		368		0.85		0.85		1.30		1.85		170
Class Y
2017	$	7.48	$	0.17	$	0.11	$	0.28	$	(0.19)	$	—	$	(0.19)	$	7.57		3.76%	$	5,897		0.46%		0.46%		0.72%		2.20%		76%
2016		7.46		0.16		0.03		0.19		(0.17)		—		(0.17)		7.48		2.61		17,310		0.49⁽³⁾		0.49⁽³⁾		0.79⁽³⁾		2.11		90
2015⁽⁴⁾		7.51		0.11		(0.08)		0.03		(0.08)		—		(0.08)		7.46		0.44		11,264		0.46		0.46		0.77		1.89		89

^†	Returns and portfolio turnover rates are for the period indicated and have not been annualized. Returns do not reflect the deduction of taxes the shareholder would pay on fund distributions or redemption of fund shares.

(1)	Per share net investment income and net realized and unrealized gains (losses) calculated using average shares.

(2)	Effective January 31, 2017, Class A Shares were renamed as Class F Shares of the same Fund.

(3)	The expense ratio includes proxy expenses outside of the cap.

(4)	Commenced operations on December 31, 2014. All ratios for the period have been annualized.

(5)	The amount shown for a share outstanding throughout the period does not accord with the aggregate net gains on investments for that period because the sales and repurchase of Fund shares in relation to the fluctuating market value of the Fund.

Amounts designated as “—” are $0 or have been rounded to $0.


360		SEI Institutional Managed Trust / Annual Report / September 30, 2017

FINANCIAL HIGHLIGHTS

For the years or period ended September 30, (unless otherwise indicated)

For a share outstanding throughout each period



	Net Asset Value, Beginning of Period		Net Investment Income (Loss)⁽¹⁾		Net Realized and Unrealized Gains (Losses) on Investments⁽¹⁾		Total from Operations		Dividends from Net Investment Income		Distributions from Net Realized Capital Gains		Total Dividends and Distributions		Net Asset Value, End of Period		Total Return^†		Net Assets End of Period ($ Thousands)			Ratio of Net Expenses to Average Net Assets		Ratio of Expenses to Average Net Assets (Excluding Fees Paid Indirectly and Including Waivers)		Ratio of Expenses to Average Net Assets (Excluding Fees Paid Indirectly and Waivers)		Ratio of Net Investment Income (Loss) to Average Net Assets		Portfolio Turnover Rate^†

Core Fixed Income Fund
Class F⁽²⁾
2017	$	11.71	$	0.25	$	(0.15)	$	0.10	$	(0.26)	$	(0.23)	$	(0.49)	$	11.32		1.02%		$	1,855,251		0.67%		0.67%		0.80%		2.19%		386%
2016		11.47		0.26		0.37		0.63		(0.27)		(0.12)		(0.39)		11.71		5.64			2,070,113		0.69⁽³⁾		0.69⁽³⁾		0.88⁽³⁾		2.29		336
2015		11.47		0.27		—		0.27		(0.27)		—		(0.27)		11.47		2.36			2,068,581		0.67		0.67		0.86		2.32		350
2014		11.20		0.29		0.28		0.57		(0.30)		—		(0.30)		11.47		5.14			2,041,268		0.67		0.67		0.85		2.59		343
2013		11.64		0.30		(0.42)		(0.12)		(0.32)		—		(0.32)		11.20		(1.09)			1,904,623		0.67		0.67		0.85		2.57		342
Class I
2017	$	11.70	$	0.22	$	(0.14)	$	0.08	$	(0.24)	$	(0.23)	$	(0.47)	$	11.31		0.80%		$	5,975		0.89%		0.89%		1.05%		1.97%		386%
2016		11.46		0.24		0.36		0.60		(0.24)		(0.12)		(0.36)		11.70		5.41			9,313		0.91⁽³⁾		0.91⁽³⁾		1.13⁽³⁾		2.07		336
2015		11.46		0.24		0.01		0.25		(0.25)		—		(0.25)		11.46		2.14			12,504		0.89		0.89		1.11		2.10		350
2014		11.19		0.27		0.27		0.54		(0.27)		—		(0.27)		11.46		4.91			10,488		0.89		0.89		1.08		2.38		343
2013		11.63		0.27		(0.42)		(0.15)		(0.29)		—		(0.29)		11.19		(1.31)			14,128		0.89		0.89		1.10		2.34		342
Class Y
2017	$	11.71	$	0.28	$	(0.15)	$	0.13	$	(0.29)	$	(0.23)	$	(0.52)	$	11.32		1.27%		$	225,440		0.42%		0.42%		0.55%		2.46%		386%
2016		11.47		0.29		0.37		0.66		(0.30)		(0.12)		(0.42)		11.71		5.90			70,916		0.44⁽³⁾		0.44⁽³⁾		0.63⁽³⁾		2.55		336
2015⁽⁴⁾		11.47		0.08		—		0.08		(0.08)		—		(0.08)		11.47		0.69			22,985		0.42		0.42		0.63		2.66		350
U.S. Fixed Income Fund
Class F⁽²⁾
2017	$	10.58	$	0.19	$	(0.21)	$	(0.02)	$	(0.19)	$	(0.17)	$	(0.36)	$	10.20		(0.11)%		$	1,638,534		0.66%		0.66%		0.79%		1.84%		463%
2016		10.38		0.19		0.32		0.51		(0.20)		(0.11)		(0.31)		10.58		4.94			1,205,262		0.68⁽³⁾		0.68⁽³⁾		0.88⁽³⁾		1.81		401
2015		10.33		0.20		0.08		0.28		(0.21)		(0.02)		(0.23)		10.38		2.67			1,113,602		0.66		0.66		0.86		1.92		313
2014		10.15		0.21		0.18		0.39		(0.21)		—		(0.21)		10.33		3.91			1,098,480		0.66		0.66		0.86		2.02		345
2013		10.84		0.19		(0.36)		(0.17)		(0.21)		(0.31)		(0.52)		10.15		(1.61)			1,022,233		0.66		0.66		0.86		1.85		319
Class Y
2017	$	10.58	$	0.21	$	(0.20)	$	0.01	$	(0.22)	$	(0.17)	$	(0.39)	$	10.20		0.14%		$	158,817		0.41%		0.41%		0.54%		2.09%		463%
2016		10.38		0.21		0.32		0.53		(0.22)		(0.11)		(0.33)		10.58		5.20			97,132		0.43⁽³⁾		0.43⁽³⁾		0.63⁽³⁾		2.06		401
2015⁽⁵⁾		10.44		0.17		(0.06)⁽⁶⁾		0.11		(0.17)		—		(0.17)		10.38		1.03			89,000		0.41		0.41		0.61		2.16		313

^†	Returns and portfolio turnover rates are for the period indicated and have not been annualized. Returns do not reflect the deduction of taxes the shareholder would pay on fund distributions or redemption of fund shares.

(1)	Per share net investment income and net realized and unrealized gains (losses) calculated using average shares.

(2)	Effective January 31, 2017, Class A Shares were renamed as Class F Shares of the same Fund.

(3)	The expense ratio includes proxy expenses outside of the cap.

(4)	Commenced operations on June 30, 2015. All ratios for the period have been annualized.

(5)	Commenced operations on December 31, 2014. All ratios for the period have been annualized.

(6)	The amount shown for a share outstanding throughout the period does not accord with the aggregate net gains on investments for that period because the sales and repurchase of Fund shares in relation to the fluctuating market value of the Fund.

Amounts designated as “—” are $0 or have been rounded to $0.


SEI Institutional Managed Trust / Annual Report / September 30, 2017		361

FINANCIAL HIGHLIGHTS

For the years or period ended September 30, (unless otherwise indicated)

For a share outstanding throughout each period



	Net Asset Value, Beginning of Period		Net Investment Income (Loss)⁽¹⁾		Net Realized and Unrealized Gains (Losses) on Investments⁽¹⁾		Total from Operations		Dividends from Net Investment Income		Distributions from Net Realized Capital Gains		Total Dividends and Distributions		Net Asset Value, End of Period		Total Return^†		Net Assets End of Period ($ Thousands)		Ratio of Net Expenses to Average Net Assets		Ratio of Expenses to Average Net Assets (Excluding Fees Paid Indirectly and Including Waivers)		Ratio of Expenses to Average Net Assets (Excluding Fees Paid Indirectly and Waivers)		Ratio of Net Investment Income (Loss) to Average Net Assets		Portfolio Turnover Rate^†

High Yield Bond Fund
Class F⁽²⁾
2017	$	7.18	$	0.42	$	0.26	$	0.68	$	(0.41)	$	(0.12)	$	(0.53)	$	7.33		9.75%	$	1,469,480		0.90%⁽³⁾		0.90%⁽³⁾		1.01%⁽³⁾		5.83%		62%
2016		7.01		0.42		0.26		0.68		(0.42)		(0.09)		(0.51)		7.18		10.44		1,737,907		0.91⁽⁴⁾		0.91⁽⁴⁾		1.10⁽⁴⁾		6.16		56
2015		7.70		0.42		(0.65)		(0.23)		(0.42)		(0.04)		(0.46)		7.01		(3.21)		1,548,778		0.89		0.89		1.08		5.61		56
2014		7.68		0.43		0.06^‡		0.49		(0.43)		(0.04)		(0.47)		7.70		6.49		1,707,482		0.89		0.89		1.12		5.47		73
2013		7.59		0.48		0.07		0.55		(0.46)		—		(0.46)		7.68		7.39		1,989,355		0.89		0.89		1.12		6.13		74
Class I
2017	$	6.93	$	0.39	$	0.26	$	0.65	$	(0.38)	$	(0.12)	$	(0.50)	$	7.08		9.65%	$	1,147		1.12%⁽³⁾		1.12%⁽³⁾		1.25%⁽³⁾		5.58%		62%
2016		6.78		0.40		0.23		0.63		(0.39)		(0.09)		(0.48)		6.93		9.95		1,078		1.14⁽⁴⁾		1.14⁽⁴⁾		1.36⁽⁴⁾		6.01		56
2015		7.48		0.39		(0.67)		(0.28)		(0.38)		(0.04)		(0.42)		6.78		(3.91)		1,026		1.11		1.11		1.32		5.31		56
2014		7.49		0.40		0.03		0.43		(0.40)		(0.04)		(0.44)		7.48		5.81		3,794		1.11		1.11		1.37		5.24		73
2013		7.40		0.45		0.07		0.52		(0.43)		—		(0.43)		7.49		7.19		38,849		1.11		1.11		1.38		6.07		74
Class Y
2017	$	7.18	$	0.44	$	0.25	$	0.69	$	(0.43)	$	(0.12)	$	(0.55)	$	7.32		9.87%	$	187,087		0.65%⁽³⁾		0.65%⁽³⁾		0.76%⁽³⁾		6.08%		62%
2016		7.01		0.44		0.26		0.70		(0.44)		(0.09)		(0.53)		7.18		10.72		199,015		0.66⁽⁴⁾		0.66⁽⁴⁾		0.85⁽⁴⁾		6.42		56
2015⁽⁵⁾		7.44		0.33		(0.44)		(0.11)		(0.32)		—		(0.32)		7.01		(1.75)		143,315		0.64		0.64		0.83		5.94		56
Conservative Income Fund
Class F⁽²⁾
2017	$	10.00	$	0.08	$	—	$	0.08	$	(0.08)	$	—	$	(0.08)	$	10.00		0.83%	$	190,440		0.30%		0.30%		0.58%		0.84%		–%
2016⁽⁶⁾		10.00		0.02		—		0.02		(0.02)		—		(0.02)		10.00		0.16		75,011		0.30⁽⁴⁾		0.30⁽⁴⁾		0.61⁽⁴⁾		0.37		–
Class Y
2017	$	10.00	$	0.10	$	(0.01)	$	0.09	$	(0.09)	$	—	$	(0.09)	$	10.00		0.94%	$	19,984		0.20%		0.20%		0.33%		0.96%		–%
2016⁽⁶⁾		10.00		0.02		—		0.02		(0.02)		—		(0.02)		10.00		0.20		16,796		0.20⁽⁴⁾		0.20⁽⁴⁾		0.36⁽⁴⁾		0.47		–
Tax-Free Conservative Income Fund
Class F⁽²⁾
2017	$	10.00	$	0.05	$	—	$	0.05	$	(0.05)	$	—	$	(0.05)	$	10.00		0.51%	$	163,219		0.30%		0.30%		0.59%		0.51%		–%
2016⁽⁶⁾		10.00		0.01		—		0.01		(0.01)		—		(0.01)		10.00		0.12		30,946		0.30⁽⁴⁾		0.30⁽⁴⁾		0.60⁽⁴⁾		0.27		–
Class Y
2017	$	10.00	$	0.06	$	—	$	0.06	$	(0.06)	$	—	$	(0.06)	$	10.00		0.60%	$	3,782		0.20%		0.20%		0.34%		0.63%		–%
2016⁽⁶⁾		10.00		0.02		—		0.02		(0.02)		—		(0.02)		10.00		0.16		13,922		0.20⁽⁴⁾		0.20⁽⁴⁾		0.35⁽⁴⁾		0.37		–

^†	Returns and portfolio turnover rates are for the period indicated and have not been annualized. Returns do not reflect the deduction of taxes the shareholder would pay on fund distributions or redemption of fund shares.

^‡	Includes redemption fees of $0.03 per share.

(1)	Per share net investment income and net realized and unrealized gains (losses) calculated using average shares.

(2)	Effective January 31, 2017, Class A Shares were renamed as Class F shares of the same Fund.

(3)	The expense ratio includes litigation expenses outside the cap.

(4)	The expense ratio includes proxy expenses outside of the cap.

(5)	Commenced operations on December 31, 2014. All ratios for the period have been annualized.

(6)	Commenced operations on April 22, 2016. All ratios for the period have been annualized.

Amounts

designated as “—” are $0 or have been rounded to $0.


362		SEI Institutional Managed Trust / Annual Report / September 30, 2017

FINANCIAL HIGHLIGHTS/CONSOLIDATED FINANCIAL HIGHLIGHTS

For the years or period ended September 30, (unless otherwise indicated)

For a share outstanding throughout each period



	Net Asset Value, Beginning of Period		Net Investment Income (Loss)⁽¹⁾		Net Realized and Unrealized Gains (Losses) on Investments⁽¹⁾		Total from Operations		Dividends from Net Investment Income		Distributions from Net Realized Capital Gains		Total Dividends and Distributions		Net Asset Value, End of Period		Total Return^†		Net Assets End of Period ($ Thousands)		Ratio of Net Expenses to Average Net Assets		Ratio of Expenses to Average Net Assets (Excluding Fees Paid Indirectly and Including Waivers)		Ratio of Expenses to Average Net Assets (Excluding Fees Paid Indirectly and Waivers)		Ratio of Net Investment Income (Loss) to Average Net Assets		Portfolio Turnover Rate^†

Real Return Fund
Class F⁽²⁾
2017	$	10.14	$	0.11	$	(0.11)	$	—	$	(0.11)⁽³⁾	$	—	$	(0.11)	$	10.03		0.03%	$	252,333		0.45%		0.45%		0.73%		1.07%		49%
2016		9.91		—		0.23		0.23		—		—		—		10.14		2.32		291,380		0.47⁽⁴⁾		0.47⁽⁴⁾		0.82⁽⁴⁾		(0.02)		38
2015		10.08		(0.10)		(0.06)		(0.16)		(0.01)		—		(0.01)		9.91		(1.57)		263,888		0.45		0.45		0.80		(1.01)		37
2014		10.19		0.05		(0.08)		(0.03)		(0.04)		(0.04)		(0.08)		10.08		(0.30)		284,944		0.45		0.45		0.84		0.51		34
2013		10.67		0.05		(0.23)		(0.18)		(0.06)		(0.24)		(0.30)		10.19		(1.72)		308,821		0.45		0.45		0.84		0.48		72
Class Y
2017	$	10.17	$	0.12	$	(0.11)	$	0.01	$	(0.12)⁽³⁾	$	—	$	(0.12)	$	10.06		0.11%	$	18,205		0.35%		0.35%		0.48%		1.15%		49%
2016		9.92		0.01		0.24		0.25		—		—		—		10.17		2.52		28,835		0.37⁽⁴⁾		0.37⁽⁴⁾		0.57⁽⁴⁾		0.07		38
2015⁽⁵⁾		9.91		(0.02)		0.03		0.01		—		—		—		9.92		0.10		25,525		0.35		0.35		0.55		(0.27)		37
Dynamic Asset Allocation Fund
Class F⁽²⁾
2017	$	10.18	$	0.15	$	1.87	$	2.02	$	(0.10)	$	—	$	(0.10)	$	12.10		19.95%	$	696,463		0.75%		0.75%		1.18%		1.30%		3%
2016		9.09		0.14		0.99		1.13		(0.04)		—		(0.04)		10.18		12.39		488,778		0.77⁽⁴⁾		0.77⁽⁴⁾		1.21⁽⁴⁾		1.42		7
2015⁽⁶⁾		10.00		0.03		(0.94)		(0.91)		—		—		—		9.09		(9.10)		21,514		0.75		0.75		1.25		1.62		2
Class Y
2017	$	10.20	$	0.17	$	1.87	$	2.04	$	(0.12)	$	—	$	(0.12)	$	12.12		20.17%	$	73,159		0.50%		0.50%		0.93%		1.55%		3%
2016		9.09		0.16		0.99		1.15		(0.04)		—		(0.04)		10.20		12.67		48,523		0.52⁽⁴⁾		0.52⁽⁴⁾		0.96⁽⁴⁾		1.66		7
2015⁽⁶⁾		10.00		0.03		(0.94)		(0.91)		—		—		—		9.09		(9.10)		48,229		0.50		0.50		0.96		1.97		2
Multi-Strategy Alternative Fund
Class F⁽²⁾
2017	$	9.67	$	(0.01)	$	0.46	$	0.45	$	(0.01)	$	—	$	(0.01)	$	10.11		4.62%	$	508,046		1.41%⁽⁷⁾		1.41%⁽⁷⁾		2.44%⁽⁷⁾		(0.12)%		37%
2016		9.60		0.09		0.23		0.32		(0.15)		(0.10)		(0.25)		9.67		3.40		573,752		1.12⁽⁴⁾⁽⁸⁾		1.12⁽⁴⁾⁽⁸⁾		2.39⁽⁴⁾⁽⁸⁾		0.95		149
2015		10.05		0.19		(0.48)		(0.29)		(0.16)		—		(0.16)		9.60		(2.98)		527,792		0.49		0.49		2.08		1.88		35
2014		9.79		0.06		0.28		0.34		(0.08)		—		(0.08)		10.05		3.45		498,090		0.64⁽⁹⁾		0.64⁽⁹⁾		2.19⁽⁹⁾		0.64		72
2013		9.62		0.07		0.15		0.22		(0.05)		—		(0.05)		9.79		2.33		426,733		0.73⁽¹⁰⁾		0.73⁽¹⁰⁾		2.22⁽¹⁰⁾		0.71		139
Class Y
2017	$	9.68	$	0.03	$	0.44	$	0.47	$	(0.03)	$	—	$	(0.03)	$	10.12		4.79%	$	4,841		1.14%⁽¹¹⁾		1.14%⁽¹¹⁾		2.16%⁽¹¹⁾		0.34%		37%
2016		9.60		—		0.36		0.36		(0.18)		(0.10)		(0.28)		9.68		3.77		1,352		0.96^(4)(12)		0.96^(4)(12)		2.18^(4)(12)		–		149
2015⁽¹³⁾		9.97		0.04		(0.41)		(0.37)		—		—		—		9.60		(3.71)		19		0.25		0.25		1.83		1.03		35

^†	Returns and portfolio turnover rates are for the period indicated and have not been annualized. Returns do not reflect the deduction of taxes the shareholder would pay on fund distributions or redemption of fund shares.

(1)	Per share net investment income and net realized and unrealized gains (losses) calculated using average shares.

(2)	Effective January 31, 2017, Class A Shares were renamed as Class F shares of the same Fund.

(3)	Includes return of capital of $0.01.

(4)	The expense ratio includes proxy expenses outside of the cap.

(5)	Commenced operations on December 31, 2014. All ratios for the period have been annualized.

(6)	Commenced operations on July 30, 2015. All ratios for the period have been annualized.

(7)	The expense ratio includes dividend and interest expense, and other expenses outside the cap. Had this expense been excluded the ratios would have been 1.06%, 1.06%, and 2.09%.

(8)	The expense ratio includes dividend and interest expense, and other expenses outside the cap. Had this expense been excluded the ratios would have been 0.85%, 0.85%, and 2.12%.

(9)	The expense ratio includes dividend expense and other expenses outside the cap. Had this expense been excluded the ratios would have been 0.58%, 0.58%, and 2.13%.

(10)	The expense ratio includes dividend expense and other expenses outside the cap. Had this expense been excluded the ratios would have been 0.60%, 0.60%, and 2.09%.

(11)	The expense ratio includes dividend and interest expense, and other expenses outside the cap. Had this expense been excluded the ratios would have been 0.79%, 0.79%, and 1.98%.

(12)	The expense ratio includes dividend and interest expense, and other expenses outside the cap. Had this expense been excluded the ratios would have been 0.69%, 0.69%, and 1.91%.

(13)	Commenced operations on April 30, 2015. All ratios for the period have been annualized.

Amounts designated as “—” are $0 or have been rounded to $0.


SEI Institutional Managed Trust / Annual Report / September 30, 2017		363

FINANCIAL HIGHLIGHTS/CONSOLIDATED FINANCIAL HIGHLIGHTS

For the years or period ended September 30, (unless otherwise indicated)

For a share outstanding throughout each period



	Net Asset Value, Beginning of Period		Net Investment Income (Loss)⁽¹⁾		Net Realized and Unrealized Gains (Losses) on Investments⁽¹⁾		Total from Operations		Dividends from Net Investment Income		Distributions from Net Realized Capital Gains		Total Dividends and Distributions		Net Asset Value, End of Period		Total Return^†		Net Assets End of Period ($ Thousands)		Ratio of Net Expenses to Average Net Assets		Ratio of Expenses to Average Net Assets (Excluding Fees Paid Indirectly and Including Waivers)		Ratio of Expenses to Average Net Assets (Excluding Fees Paid Indirectly and Waivers)		Ratio of Net Investment Income (Loss) to Average Net Assets		Portfolio Turnover Rate^†

Multi-Asset Accumulation Fund
Class F⁽²⁾
2017	$	10.31	$	(0.01)	$	0.39	$	0.38	$	(0.07)	$	(0.61)	$	(0.68)	$	10.01		4.33%	$	2,468,847		1.17%		1.17%		1.31%		(0.12)%		28%
2016		9.53		(0.05)		1.10		1.05		—		(0.27)		(0.27)		10.31		11.36		2,076,240		1.19⁽³⁾		1.19⁽³⁾		1.35⁽³⁾		(0.50)		55
2015		10.89		(0.09)		(0.28)		(0.37)		(0.11)		(0.88)		(0.99)		9.53		(3.98)		1,803,619		1.17		1.17		1.33		(0.85)		94
2014		10.30		(0.05)		0.96		0.91		—*		(0.32)		(0.32)		10.89		9.11		1,865,846		1.17		1.17		1.38		(0.47)		55
2013		10.51		(0.05)		0.17		0.12		(0.01)		(0.32)		(0.33)		10.30		1.12		1,414,563		1.17		1.17		1.37		(0.52)		104
Class Y
2017	$	10.36	$	—	$	0.41	$	0.41	$	(0.10)	$	(0.61)	$	(0.71)	$	10.06		4.55%	$	237,569		0.92%		0.92%		1.06%		(0.03)%		28%
2016		9.55		(0.03)		1.11		1.08		—		(0.27)		(0.27)		10.36		11.66		202,865		0.94⁽³⁾		0.94⁽³⁾		1.10⁽³⁾		(0.33)		55
2015⁽⁴⁾		10.11		(0.08)		(0.48)		(0.56)		—		—		—		9.55		(5.54)		202,311		0.92		0.92		1.08		(1.04)		94
Multi-Asset Income Fund
Class F⁽²⁾
2017	$	10.56	$	0.48	$	0.24	$	0.72	$	(0.40)	$	—	$	(0.40)	$	10.88		6.90%	$	813,767		0.80%		0.80%		1.21%		4.47%		77%
2016		10.46		0.50		0.23		0.73		(0.53)		(0.10)		(0.63)		10.56		7.38		643,477		0.82⁽³⁾⁽⁵⁾		0.82⁽³⁾⁽⁵⁾		1.23⁽³⁾⁽⁵⁾		4.85		72
2015		10.60		0.54		(0.19)		0.35		(0.44)		(0.05)		(0.49)		10.46		3.33		615,259		0.85⁽⁶⁾		0.85⁽⁶⁾		1.25⁽⁶⁾		5.06		109
2014		10.60		0.51		0.13⁽⁷⁾		0.64		(0.47)		(0.17)		(0.64)		10.60		6.19		539,504		0.83⁽⁸⁾		0.83⁽⁸⁾		1.27⁽⁸⁾		4.76		124
2013		10.35		0.67		0.17⁽⁷⁾		0.84		(0.52)		(0.07)		(0.59)		10.60		8.24		230,356		0.98⁽⁹⁾		0.98⁽⁹⁾		1.40⁽⁹⁾		6.22		89
Class Y
2017	$	10.56	$	0.49	$	0.24	$	0.73	$	(0.41)	$	—	$	(0.41)	$	10.88		7.00%	$	166,980		0.70%		0.70%		0.96%		4.60%		77%
2016		10.46		0.52		0.22		0.74		(0.54)		(0.10)		(0.64)		10.56		7.49		97,943		0.72^(3)(10)		0.72^(3)(10)		0.98^(3)(10)		5.08		72
2015⁽⁴⁾		10.62		0.45		(0.26)		0.19		(0.35)		—		(0.35)		10.46		1.81		33,224		0.76⁽¹¹⁾		0.76⁽¹¹⁾		1.00⁽¹¹⁾		5.60		109

*	Amount represents less than $0.01 per share.

^†	Returns and portfolio turnover rates are for the period indicated and have not been annualized. Returns do not reflect the deduction of taxes the shareholder would pay on fund distributions or redemption of fund shares.

(1)	Per share net investment income and net realized and unrealized gains (losses) calculated using average shares.

(2)	Effective January 31, 2017, Class A Shares were renamed as Class F shares of the same Fund.

(3)	The expense ratio includes proxy expenses outside of the cap.

(4)	Commenced operations on December 31, 2014. All ratios for the period have been annualized.

(5)	The expense ratio includes interest expense. Had this expense been excluded the ratios would have been 0.80%, 0.80%, and 1.21%.

(6)	The expense ratio includes interest expense. Had this expense been excluded the ratios would have been 0.80%, 0.80%, and 1.20%.

(7)	The amount shown for a share outstanding throughout the period does not accord with the aggregate net gains on investments for that period because the sales and repurchase of Fund shares in relation to the fluctuating market value of the Fund.

(8)	The expense ratio includes interest expense. Had this expense been excluded the ratios would have been 0.80%, 0.80%, and 1.24%.

(9)	The expense ratio includes interest expense. Had this expense been excluded the ratios would have been 0.80%, 0.80%, and 1.22%.

(10)	The expense ratio includes interest expense. Had this expense been excluded the ratios would have been 0.70%, 0.70%, and 0.96%.

(11)	The expense ratio includes interest expense. Had this expense been excluded the ratios would have been 0.70%, 0.70%, and 0.95%.

Amounts designated as “—” are $0 or have been rounded to $0.


364		SEI Institutional Managed Trust / Annual Report / September 30, 2017

FINANCIAL HIGHLIGHTS/CONSOLIDATED FINANCIAL HIGHLIGHTS

For the years or period ended September 30, (unless otherwise indicated)

For a share outstanding throughout each period



	Net Asset Value, Beginning of Period		Net Investment Income (Loss)⁽¹⁾		Net Realized and Unrealized Gains (Losses) on Investments⁽¹⁾		Total from Operations		Dividends from Net Investment Income		Distributions from Net Realized Capital Gains		Total Dividends and Distributions		Net Asset Value, End of Period		Total Return^†		Net Assets End of Period ($ Thousands)		Ratio of Net Expenses to Average Net Assets		Ratio of Expenses to Average Net Assets (Excluding Fees Paid Indirectly and Including Waivers)		Ratio of Expenses to Average Net Assets (Excluding Fees Paid Indirectly and Waivers)		Ratio of Net Investment Income (Loss) to Average Net Assets		Portfolio Turnover Rate^†

Multi-Asset Inflation Managed Fund
Class F⁽²⁾
2017	$	8.80	$	0.09	$	(0.27)	$	(0.18)	$	(0.10)	$	—	$	(0.10)	$	8.52		(2.07)%	$	821,191		1.33%⁽³⁾		1.33%⁽³⁾		1.56%⁽³⁾		1.01%		68%
2016		8.75		0.05		0.04		0.09		(0.04)		—		(0.04)		8.80		1.06		990,931		1.23⁽³⁾⁽⁴⁾		1.23⁽³⁾⁽⁴⁾		1.46⁽³⁾⁽⁴⁾		0.59		73
2015		9.39		—		(0.64)		(0.64)		—		—		—		8.75		(6.82)		924,048		1.11⁽⁵⁾		1.11⁽⁵⁾		1.34⁽⁵⁾		(0.05)		115
2014		9.42		0.06		(0.09)		(0.03)		—		—		—		9.39		(0.32)		923,541		1.02⁽⁶⁾		1.02⁽⁶⁾		1.30⁽⁶⁾		0.65		119
2013		10.10		0.06		(0.69)		(0.63)		(0.04)		(0.01)		(0.05)		9.42		(6.27)		766,368		0.93⁽⁷⁾		0.93⁽⁷⁾		1.20⁽⁷⁾		0.59		61
Class Y
2017	$	8.82	$	0.10	$	(0.26)	$	(0.16)	$	(0.13)	$	—	$	(0.13)	$	8.53		(1.90)%	$	68,506		1.08%⁽⁸⁾		1.08%⁽⁸⁾		1.32%⁽⁸⁾		1.13%		68%
2016		8.77		0.07		0.04		0.11		(0.06)		—		(0.06)		8.82		1.30		89,261		0.98⁽⁴⁾⁽⁸⁾		0.98⁽⁴⁾⁽⁸⁾		1.21⁽⁴⁾⁽⁸⁾		0.79		73
2015⁽⁹⁾		8.96		0.04		(0.23)		(0.19)		—		—		—		8.77		(2.12)		83,248		0.92⁽¹⁰⁾		0.92⁽¹⁰⁾		1.15⁽¹⁰⁾		0.53		115
Multi-Asset Capital Stability Fund
Class F⁽²⁾
2017	$	10.14	$	—	$	0.18	$	0.18	$	(0.02)	$	(0.05)	$	(0.07)	$	10.25		1.78%	$	694,247		0.62%		0.62%		0.98%		0.02%		159%
2016		10.11		(0.01)		0.16		0.15		—		(0.12)		(0.12)		10.14		1.47		658,185		0.64⁽⁴⁾		0.64⁽⁴⁾		1.00⁽⁴⁾		(0.07)		234
2015		10.25		(0.04)		0.09		0.05		—		(0.19)		(0.19)		10.11		0.57		565,709		0.62		0.62		0.98		(0.39)		227
2014		9.94		(0.01)		0.34		0.33		—		(0.02)		(0.02)		10.25		3.37		541,602		0.62		0.62		1.02		(0.12)		246
2013		10.14		(0.02)		(0.10)		(0.12)		(0.01)		(0.07)		(0.08)		9.94		(1.23)		486,926		0.62		0.62		1.02		(0.22)		410
Class Y
2017	$	10.16	$	0.01	$	0.17	$	0.18	$	(0.02)	$	(0.05)	$	(0.07)	$	10.27		1.88%	$	50,346		0.52%		0.52%		0.73%		0.11%		159%
2016		10.12		—		0.16		0.16		—		(0.12)		(0.12)		10.16		1.57		51,496		0.54⁽⁴⁾		0.54⁽⁴⁾		0.75⁽⁴⁾		0.02		234
2015⁽⁹⁾		10.06		(0.02)		0.08		0.06		—		—		—		10.12		0.60		50,662		0.52		0.52		0.74		(0.30)		227
Long/Short Alternative Fund
Class F⁽²⁾
2017	$	9.79	$	(0.01)	$	1.10	$	1.09	$	—	$	—	$	—	$	10.88		11.13%	$	22		1.14%		1.14%		1.42%		(0.13)%		111%
2016		9.67		(0.06)		0.18		0.12		—		—		—		9.79		1.24		19		1.17⁽⁴⁾		1.17⁽⁴⁾		1.40⁽⁴⁾		(0.57)		43
2015⁽¹¹⁾		10.00		(0.08)		(0.25)		(0.33)		—		—		—		9.67		(3.30)		19		1.14		1.14		1.39		(0.99)		198
Class Y
2017	$	9.81	$	0.01	$	1.11	$	1.12	$	—⁽¹²⁾	$	—	$	—	$	10.93		11.42%	$	34,360		0.90%		0.90%		1.17%		0.10%		111%
2016		9.67		(0.03)		0.17		0.14		—		—		—		9.81		1.45		41,775		0.92⁽⁴⁾		0.92⁽⁴⁾		1.15⁽⁴⁾		(0.32)		43
2015⁽¹³⁾		10.11		(0.03)		(0.41)		(0.44)		—		—		—		9.67		(4.35)		41,164		0.91		0.91		1.15		(0.81)		198

^†	Returns and portfolio turnover rates are for the period indicated and have not been annualized. Returns do not reflect the deduction of taxes the shareholder would pay on fund distributions or redemption of fund shares.

(1)	Per share net investment income and net realized and unrealized gains (losses) calculated using average shares.

(2)	Effective January 31, 2017, Class A Shares were renamed as Class F shares of the same Fund.

(3)	The expense ratio includes dividend and interest expense, and other expenses outside the cap. Had this expense been excluded the ratios would have been 0.90%, 0.90%, and 1.14%.

(4)	The expense ratio includes proxy expenses outside of the cap.

(5)	The expense ratio includes interest and dividend expense. Had this expense been excluded the ratios would have been 0.95%, 0.95%, and 1.18%.

(6)	The expense ratio includes dividend and interest expense, and other expenses outside the cap. Had this expense been excluded the ratios would have been 0.90%, 0.90%, and 1.18%.

(7)	The expense ratio includes interest expense. Had this expense been excluded the ratios would have been 0.90%, 0.90%, and 1.17%.

(8)	The expense ratio includes dividend and interest expense, and other expenses outside the cap. Had this expense been excluded the ratios would have been 0.65%, 0.65%, and 0.89%.

(9)	Commenced operations on December 31, 2014. All ratios for the period have been annualized.

(10)	The expense ratio includes dividend and interest expense. Had this expense been excluded the ratios would have been 0.70%, 0.70%, and 0.93%.

(11)	Commenced operations on December 19, 2014. All ratios for the period have been annualized.

(12)	Includes return of capital of less than $0.01 per share.

(13)	Commenced operations on April 30, 2015. All ratios for the period have been annualized.

Amounts designated as “—“ are $0 or have been rounded to $0.


SEI Institutional Managed Trust / Annual Report / September 30, 2017		365

Notes to Financial Statements/Consolidated Notes to Financial Statements

September 30, 2017

1. ORGANIZATION

SEI Institutional Managed Trust (the “Trust”) is organized as a Massachusetts business trust under a Declaration of Trust dated October 20, 1986.

The Trust is registered under the Investment Company Act of 1940, as amended, as an open-end investment company with 29 funds: Large Cap, Large Cap Value, Large Cap Growth, Tax-Managed Large Cap, S&P 500 Index, Small Cap, Small Cap Value, Small Cap Growth, Tax-Managed Small/Mid Cap, Mid-Cap, U.S. Managed Volatility, Global Managed Volatility, Tax-Managed Managed Volatility, Tax-Managed International Managed Volatility, Real Estate, Enhanced Income, Core Fixed Income, U.S. Fixed Income, High Yield Bond, Conservative Income, Tax-Free Conservative Income, Real Return, Dynamic Asset Allocation, Multi-Strategy Alternative, Multi-Asset Accumulation, Multi-Asset Income, Multi-Asset Inflation Managed, Multi-Asset Capital Stability and Long/Short Alternative (each a “Fund,” collectively the “Funds”) each of which are diversified Funds, with the exception of the Real Estate, Multi-Asset Accumulation, Multi-Asset Inflation Managed and Long/Short Alternative Funds.

The Accumulation Commodity Strategy Subsidiary, Ltd. and Inflation Commodity Strategy Subsidiary, Ltd. are both wholly-owned subsidiaries of the Multi-Asset Accumulation and Multi-Asset Inflation Managed Funds, respectively, (each a “Subsidiary”, collectively the “Subsidiaries”). Each Subsidiary is organized under the laws of the Cayman Islands as an exempt limited company. Information regarding the Multi-Asset Accumulation and Multi-Asset Inflation Managed Funds and their respective subsidiaries have been consolidated in the Consolidated Schedules of Investments, Consolidated Statements of Assets and Liabilities, Consolidated Statements of Operations, Consolidated Statements of Changes in Net Assets and Consolidated Statement of Cash Flows.

The Trust is registered to offer: Class F shares (formerly Class A shares) of the Funds and Class Y shares of the Funds; Class E shares of the S&P 500 Index Fund; Class I shares of the Large Cap, Large Cap Value, Large Cap Growth, S&P 500 Index, Small Cap, Small Cap Value, Small Cap Growth, Mid-Cap, U.S. Managed Volatility, Global Managed Volatility, Real Estate, Enhanced Income, Core Fixed Income, U.S. Fixed Income, High Yield Bond and Real Return Funds. The assets of each Fund are segregated, and a shareholder’s interest is limited to the Fund in which shares are held. Each Fund’s prospectus provides a description of its investment goal and its principal investment strategies and risks.

Tax-Managed International Managed Volatility Fund commenced operations on October 17, 2016.

Effective January 31, 2017, the Trust Class A shares were each re-designated as Class F shares. This share class name change had no impact on any Fund’s operations or investment policies.

2. SIGNIFICANT ACCOUNTING POLICIES

The following is a summary of significant accounting policies consistently followed by the Funds. The Funds are investment companies in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”). Therefore, the Funds follow the accounting and reporting guidelines for investment companies.

Use of Estimates — The preparation of financial statements, in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ from those estimates.

Security Valuation — Securities listed on a securities exchange, market or automated quotation system for which quotations are readily available (other than securities traded on National Association of Securities Dealers Automated Quotations (NASDAQ) or as otherwise noted below) at the last quoted sale price on an exchange or market (foreign or domestic) on which the securities are traded, or, if there is no such reported sale, at the most recent quoted bid price. The Funds value securities traded on NASDAQ at the NASDAQ Official Closing Price. If available, debt securities, swaps (which are not centrally cleared), bank loans or collateralized debt obligations (including collateralized loan obligations), such as those held by the Funds, are priced based upon valuations provided by independent, third-party pricing agents. Such values generally reflect the last reported sales price if the security is actively traded. The third-party pricing agents may also value debt securities at an evaluated bid price by employing methodologies that utilize actual market transactions, broker-supplied valuations or other methodologies designed to identify the market value for such securities. Redeemable securities issued by open-end investment companies are valued at the investment company’s applicable net asset value, with the exception of ETFs, which are priced as equity securities. The prices of foreign securities are reported in local currency and converted to U.S. dollars using currency exchange rates. If a security’s price cannot be obtained, as noted above,


366		SEI Institutional Managed Trust / Annual Report / September 30, 2017

the Funds will value the securities using a bid price from at least one independent broker. If such prices are not readily available or cannot be valued using the methodologies described above, the Funds will value the security using the Funds’ Fair Value Pricing Policies and Procedures (“Fair Value Procedures”), as described below.

On the first day a new debt security purchase is recorded, if a price is not available from a third-party pricing agent or an independent broker, the security may be valued at its purchase price. Each day thereafter, the debt security will be valued according to the Funds’ Fair Value Procedures until a price from an independent source can be secured. Securities held by a Fund with remaining maturities of 60 days or less may be valued by the amortized cost method, which involves valuing a security at its cost on the date of purchase and thereafter (absent unusual circumstances) assuming a constant amortization to maturity of any discount or premium, regardless of the impact of fluctuations in general market rates of interest on the value of the instrument. While this method provides certainty in valuation, it may result in periods during which value, as determined by this method, is higher or lower than the price a Fund would receive if it sold the instrument. Further, the value of securities in the Fund can be expected to vary inversely with changes in prevailing interest rates. Should existing credit, liquidity or interest rate conditions in the relevant markets and issuer-specific circumstances suggest that amortized cost does not approximate fair value, then the amortized cost method may not be used.

Options are valued at the last quoted sales price. If there is no such reported sale on the valuation date, long positions are valued at the most recent bid price, and short positions are valued at the most recent ask price.

Futures and swaps cleared through a central clearing house (“centrally cleared swaps”) are valued at the settlement price established each day by the board of exchange on which they are traded. The daily settlement prices for financial futures and centrally cleared swaps are provided by an independent source. On days when there is excessive volume, market volatility or the future or centrally cleared swap does not end trading by the time a Fund calculates its NAV, the settlement price may not be available at the time at which the Fund calculates its NAV. On such days, the best available price (which is typically the last sales price) may be used to value a Fund’s futures or centrally cleared swaps position.

Foreign currency forward contracts are valued at the current day’s interpolated foreign exchange rate, as calculated using the current day’s spot rate, and the

thirty, sixty, ninety and one-hundred eighty day forward rates provided by an independent source.

Prices for most securities held by a Fund are provided daily by third party independent pricing agents. SEI Investments Management Corporation (“SIMC”) or a Sub-Adviser (“Sub-Adviser”), as applicable, reasonably believes that prices provided by independent pricing agents are reliable. However, there can be no assurance that such pricing service’s prices will be reliable. SIMC or a Sub-Adviser, as applicable, will continuously monitor the reliability of prices obtained from any pricing service and shall promptly notify the Funds’ administrator if it believes that a particular pricing service is no longer a reliable source of prices. The Funds’ administrator, in turn, will notify the Fair Value Pricing Committee (the “Committee”) if it receives such notification from SIMC or a Sub-Adviser, as applicable, or if the Funds’ administrator reasonably believes that a particular pricing service is no longer a reliable source for prices.

The Funds’ Fair Value Procedures provide that any change in a primary pricing agent or a pricing methodology requires prior approval by the Board of Trustees (“Board”) or its designated sub-committee. However, when the change would not materially affect valuation of a Fund’s net assets or involve a material departure in pricing methodology from that of the Fund’s existing pricing agent or pricing methodology, approval may be obtained at the next regularly scheduled meeting of the Board.

Securities for which market prices are not readily available, for which market prices are determined to be unreliable, or which cannot be valued using the methodologies described above are valued in accordance with the Fair Value Procedures established by the Board. The Funds’ Fair Value Procedures are implemented through the Committee designated by the Board. The Committee is currently composed of two members of the Board, as well as representatives from SIMC and its affiliates. Some of the more common reasons that may necessitate that a security be valued using Fair Value Procedures include: (i) the security’s trading has been halted or suspended, (ii) the security has been delisted from a national exchange, (iii) the security’s primary trading market is temporarily closed at a time when under normal conditions it would be open, or (iv) the security’s primary pricing source is not able or willing to provide a price. When a security is valued in accordance with the Fair Value Procedures, the Committee will determine the value after taking into consideration relevant information reasonably available to the Committee. Examples of factors the Committee may consider include: (i) the facts giving rise to the need to fair value, (ii) the last trade price, (iii) the performance


SEI Institutional Managed Trust / Annual Report / September 30, 2017		367

Notes to Financial Statements/Consolidated Notes to Financial Statements (Continued)

September 30, 2017

of the market or the issuer’s industry, (iv) the liquidity of the security, (v) the size of the holding in a Fund, or (vi) any other appropriate information.

The determination of a security’s fair value price often involves the consideration of a number of subjective factors, and is therefore subject to the unavoidable risk that the value assigned to a security may be higher or lower than the security’s value would be if a reliable market quotation for the security was readily available.

For securities that principally trade on a foreign market or exchange, a significant gap in time can exist between the time of a particular security’s last trade and the time at which a Fund calculates its Net Asset Value (“NAV”). The closing prices of such securities may no longer reflect their market value at the time a Fund calculates NAV if an event that could materially affect the value of those securities (a “Significant Event”), including substantial fluctuations in domestic or foreign markets or occurrences not tied directly to the securities markets, such as natural disasters, armed conflicts or significant governmental actions, has occurred between the time of the security’s last close and the time that the Fund calculates its NAV. A Fund may invest in securities that are primarily listed on foreign exchanges that trade on weekends or other days when the Fund does not price its shares. As a result, the NAV of the Fund’s shares may change on days when shareholders will not be able to purchase or redeem Fund shares.

A Significant Event may relate to a single issuer or to an entire market sector. If SIMC or a Sub-Adviser becomes aware of a Significant Event that has occurred with respect to a security or group of securities after the closing of the exchange or market on which the security or securities principally trade, but before the time at which the Funds calculate NAV, it may request that a Committee meeting be called. In addition, the Funds use several processes, with respect to certain securities to monitor the pricing data supplied by various sources, including price comparisons and price movements. Any identified discrepancies are researched and subject to the procedures described above.

The Global Managed Volatility Fund also uses a third-party fair valuation vendor. The vendor provides a fair value for foreign securities held by the Fund based on certain factors and methodologies (involving, generally, tracking valuation correlations between the U.S. market and each non-U.S. security). Values from the fair value vendor are applied in the event that there is a movement in the U.S. market that exceeds a specific threshold that has been established by the Committee. The Committee has also established a “confidence interval” which is used to determine the level of historical correlation between the value of a specific foreign security and

movements in the U.S. market before a particular security will be fair valued when the threshold is exceeded. In the event that the threshold established by the Committee is exceeded on a specific day, the Global Managed Volatility Fund will value the non-U.S. securities in its portfolio that exceed the applicable “confidence interval” based upon the adjusted prices provided by the fair valuation vendor.

In accordance with U.S. GAAP, fair value is defined as the price that a Fund would receive upon selling an investment in an orderly transaction to an independent buyer in the principal or most advantageous market of the investment. A three-tier hierarchy has been established to maximize the use of observable and minimize the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes. Inputs refer broadly to the assumptions that market participants would use in pricing an asset. Inputs may be observable or unobservable. Observable inputs are inputs that reflect the assumptions market participants would use in pricing the asset or liability based on market data obtained from sources independent of the reporting entity. Unobservable inputs are inputs that reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability based on the best information available in the circumstances.

The three-tier hierarchy of inputs is summarized in the three broad Levels listed below:

Level 1 — quoted prices in active markets for identical investments

Level 2 — other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risks, etc.)

Level 3 — significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of investments)

Investments are classified within the level of the lowest significant input considered in determining fair value. Investments classified within Level 3 whose fair value measurement considers several inputs may include Level 1 or Level 2 inputs as components of the overall fair value measurement.

Debt securities are valued in accordance with the evaluated bid price supplied by the pricing service and generally categorized as Level 2 in the hierarchy. Other securities that are categorized as Level 2 in the hierarchy include, but are not limited to, preferred stocks, bank loans, warrants, swaps and forward contracts. The Fund may use a systematic fair valuation model provided by an independent pricing service to


368		SEI Institutional Managed Trust / Annual Report / September 30, 2017

value foreign equity securities in order to adjust for stale pricing, which may occur between the close of certain foreign exchanges and the NYSE. These are generally categorized as Level 2 in the hierarchy.

When independent prices are unavailable or unreliable, debt securities and swaps may be valued utilizing pricing matrices which consider similar factors that would be used by independent pricing services. These are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances. For certain collateralized debt obligations, corporate obligations, mortgage backed securities, auction rate preferred securities and loan participations where observable inputs are limited, assumptions about market activity and risk are used and are categorized as Level 3 in the hierarchy.

The valuation techniques used by the Funds to measure fair value during the year ended September 30, 2017, maximized the use of observable inputs and minimized the use of unobservable inputs. For details of the investment classification, reference the Summary Schedules of Investments/Schedules of Investments.

For the year ended September 30, 2017, there have been no significant changes to the Trust’s fair valuation methodologies.

The following table summarizes the quantitative inputs and assumptions used for items categorized as recurring Level 3 assets as of September 30, 2017. The disclosures below also include qualitative information on the sensitivity of the fair value measurements to changes in the significant unobservable inputs.

Multi-Asset Income Fund



Assets	Fair Value ($ Thousands) at September 30, 2017		Valuation Technique(s)	Range (Weighted Unobservable Input Average)

Asset-Backed Securities	$	802	OAS off 08/31/17 Broker Quote	Broker Quote	101
		864	Market Comparables	Credit Spread	607
		2,001	09/26/2017 Trade Price	Trade Price	100

Total Asset-Backed Securities		3,667

Corporate Obligations		3,960	OAS off 08/31/17 Broker Quote	Broker Quote	92 -100.21858
		2,288	Discounted Cash Flow	Credit Spread	170

Total Corporate Obligations		6,248

Loan Participations		6,521	Yield analysis	Yield	7.04% - 8.82%

Mortgage-Backed Securities		7,846	OAS off 08/31/17 Broker Quote	Broker Quote	90.7 - 99.12
		3,482	Discounted Cash Flow	Credit Spread	400

Total Mortgage-Backed Securities		11,328

Common Stock		79	Discounted Cash Flow	Discount rate	13%

The unobservable inputs used to determine fair value of reoccurring Level 3 assets may have similar or diverging impacts on valuation. Significant increases and decreases in these inputs in isolation and interrelationships between those inputs could result in significantly higher or lower fair value measurement.

Security Transactions and Investment Income —

Security transactions are recorded on the trade date. Costs used in determining net realized capital gains and losses on the sale of securities are on the basis of specific identification. Dividend income is recognized on the ex-dividend date, and interest income is recognized using the accrual basis of accounting. Income from payment-in-kind securities is recorded daily based on the effective interest method of accrual.

Distributions received on securities that represent a return of capital or capital gain are recorded as a reduction of cost of investments and/or as a realized gain. The Trust estimates the components of distributions received that may be considered nontaxable distributions or capital gain distributions.

Amortization and accretion is calculated using the scientific interest method, which is not materially different from the effective interest method. Amortization

of premiums and discounts is included in interest income.

For Treasury Inflation-Protected Securities, the principal amount is adjusted daily to keep pace with inflation. Interest is accrued based on the adjusted principal amount. The adjustments to principal due to inflation are reflected as increases or decreases to interest in the accompanying Statements of Operations. Such adjustments may have a significant impact on a Fund’s distributions.

Repurchase Agreements —Securities pledged as collateral for repurchase agreements are held by each Fund’s custodian bank until the repurchase date of the repurchase agreement. The Funds may also invest in tri-party repurchase agreements. Securities held as collateral for tri-party repurchase agreements are maintained by the broker’s custodian bank in a


SEI Institutional Managed Trust / Annual Report / September 30, 2017		369

Notes to Financial Statements/Consolidated Notes to Financial Statements (Continued)

September 30, 2017

segregated account until the repurchase date of the repurchase agreement. Provisions of the repurchase agreements and the Trust’s policies require that the market value of the collateral, including accrued interest thereon, is sufficient in the event of default by the counterparty. If the counterparty defaults and the value of the collateral declines, or if the counterparty enters into an insolvency proceeding, realization of the collateral by the Funds may be delayed or limited.

Reverse Repurchase Agreements —To the extent consistent with its Investment Objective and Strategies, a Fund may issue reverse repurchase agreements. A reverse repurchase agreement involves the sale of portfolio assets together with an agreement to repurchase the same assets later at a fixed price. The segregated assets may consist of cash, U.S. Government securities, or other liquid securities at least equal in value to the obligations under the reverse repurchase agreements. In the event the buyer of securities under a reverse repurchase agreement files for bankruptcy or becomes insolvent, a Fund’s use of the proceeds under the agreement may be restricted pending a determination by the other party, or its trustee or receiver, whether to enforce the obligation to repurchase the securities.

Classes — Class-specific expenses are borne by that class of shares. Income, realized and unrealized gains/ losses and non class-specific expenses are allocated to the respective class on the basis of relative daily net assets.

Expenses — Expenses that are directly related to a Fund are charged directly to that Fund. Other operating expenses of the Funds are prorated to the Funds on the basis of relative daily net assets.

Commodity-Linked Investments — To the extent consistent with its Investment Objective and Strategies, the Multi-Asset Accumulation Fund, Multi-Asset Inflation Managed and Dynamic Asset Allocation Fund may invest in commodity investments to provide exposure to the investment returns of the commodities markets. Commodity investments include notes with interest payments that are tied to an underlying commodity or commodity index, ETFs or other exchange-traded products that are tied to the performance of a commodity or commodity index or other types of investment vehicles or instruments that provide returns that are tied to commodities or commodity indices. The Multi-Asset Accumulation, Multi-Asset Inflation Managed and Dynamic Asset Allocation Funds may also invest in equity securities of issuers in commodity-related industries.

The Multi-Asset Accumulation, Multi-Asset Inflation Managed and Dynamic Asset Allocation Funds may also

seek to gain exposure to the commodity markets, in whole or in part, through investments in a wholly owned Subsidiary. A Subsidiary, unlike the Fund, may invest to a significant extent directly in commodities and in equity-linked securities and commodity-linked derivative instruments, including options, futures contracts, swaps, options on futures contracts and commodity-linked structured notes. A Subsidiary may also invest in other instruments in which the Fund is permitted to invest, either as investments or to serve as margin or collateral for its derivative positions. A Fund may invest up to 25% of its total assets in its Subsidiary.

In order for a Fund to qualify as a regulated investment company under Subchapter M of the Code, the Fund must derive at least 90% of its gross income each taxable year from qualifying income. The status of certain commodity-linked derivative instruments as qualifying income has been addressed in Revenue Ruling 2006-1 and Revenue Ruling 2006-31 which provide that income from certain commodity-linked derivative instruments in which the Fund invests will not be considered qualifying income. To the extent the Multi-Asset Accumulation, Multi-Asset Inflation Managed, and Dynamic Asset Allocation Funds invest in such instruments directly, each Fund will seek to restrict its income from commodity-linked derivative instruments that do not generate qualifying income, such as commodity-linked swaps, to a maximum of 10% of its gross income (when combined with its other investments that produce non-qualifying income).

Foreign Currency Translation — The books and records of the Funds are maintained in U.S. dollars on the following basis:

(I) market value of investment securities, assets and liabilities at the current rate of exchange; and

(II) purchases and sales of investment securities, income and expenses at the relevant rates of exchange prevailing on the respective dates of such transactions.

The Funds do not isolate that portion of gains and losses on investments in investment securities that is due to changes in the foreign exchange rates from that which is due to changes in market prices of investment securities.

The Funds report certain foreign-currency-related transactions as components of realized gains for financial reporting purposes, whereas such components are treated as ordinary income for Federal income tax purposes.

Forward Foreign Currency Contracts — To the extent consistent with its Investment Objective and Strategies, a Fund may enter into forward foreign currency


370		SEI Institutional Managed Trust / Annual Report / September 30, 2017

contracts as hedges against either specific transactions, fund positions or anticipated fund positions. A Fund may also engage in currency transactions to enhance that Fund’s returns. All commitments are “marked-to-market” daily at the applicable foreign exchange rate, and any resulting unrealized gains or losses are recorded currently. The Funds realize gains and losses at the time forward contracts are extinguished. Unrealized gains or losses on outstanding positions in forward foreign currency contracts held at the close of the period are recognized as ordinary income or loss for Federal income tax purposes.

The Funds could be exposed to risk if the counterparties to the contracts are unable to meet the terms of the contract and from unanticipated movements in the value of a foreign currency relative to the U.S. dollar.

Finally, the risk exists that losses could exceed amounts disclosed on the Statements of Assets and Liabilities or Consolidated Statements of Assets and Liabilities. Refer to each Fund’s Schedule of Investments, Summary Schedule of Investments or Consolidated Schedule of Investments for details regarding open forward foreign currency contracts as of September 30, 2017, if applicable.

Futures Contracts — To the extent consistent with its Investment Objective and Strategies, a Fund may use futures contracts for tactical hedging purposes as well as to enhance the Fund’s returns. In addition, fixed income funds will utilize futures contracts to help manage duration and yield curve exposure. Initial margin deposits of cash or securities are made upon entering into futures contracts. The contracts are marked to market daily and the resulting changes in value are accounted for as unrealized gains and losses. Variation margin payments are paid or received, depending upon whether unrealized gains or losses are incurred. When the contract is closed, the Funds record a realized gain or loss equal to the difference between the proceeds from (or cost of) the closing transaction and the amount invested in the contract.

Risks of entering into futures contracts include the possibility that there will be an imperfect price correlation between the futures and the underlying securities. Second, it is possible that a lack of liquidity for futures contracts could exist in the secondary market, resulting in an inability to close a position prior to its maturity date. Third, the futures contract involves the risk that the Fund could lose more than the original margin deposit required to initiate a futures transaction.

Schedule of Investments or Consolidated Schedule of Investments for details regarding open futures contracts as of September 30, 2017 if applicable.

Inflation-Indexed Bonds — Inflation-indexed bonds are fixed income securities whose principal value is periodically adjusted according to the rate of inflation. If the index measuring inflation rises or falls, the principal value of inflation-indexed bonds will be adjusted upward or downward, and consequently the interest payable on these securities calculated with respect to a larger or smaller principal amount) will be increased or reduced, respectively. Any upward or downward adjustment in the principal amount of an inflation-indexed bond will be included in interest income in the Statement of Operations, even though investors do not receive their principal until maturity. Repayment of the original bond principal upon maturity (as adjusted for inflation) is guaranteed in the case of U.S. Treasury inflation-indexed bonds. For bonds that do not provide a similar guarantee, the adjusted principal value of the bond repaid at maturity may be less than the original principal.

Master Limited Partnerships — Investments in units of master limited partnerships (“MLPs”) involve risks that differ from an investment in common stock. Holders of the units of master limited partnerships have more limited control and limited rights to vote on matters affecting the partnership. There are also certain tax risks associated with an investment in units of master limited partnerships. In addition, conflicts of interest may exist between common unit holders, subordinated unit holders and the general partner of a master limited partnership, including a conflict arising as a result of incentive distribution payments. The benefit a Fund derives from investment in MLP units is largely dependent on the MLPs being treated as partnerships and not as corporations for federal income tax purposes. If an MLP were classified as a corporation for federal income tax purposes, there would be reduction in the after-tax return to a Fund of distributions from the MLP, likely causing a reduction in the value of a Fund’s shares. MLP entities are typically focused in the energy, natural resources and real estate sectors of the economy. A downturn in the energy, natural resources or real estate sectors of the economy could have an adverse impact on a Fund. At times, the performance of securities of companies in the energy, natural resources and real estate sectors of the economy may lag the performance of other sectors or the broader market as a whole.

Options/Swaptions Writing/Purchasing —To the extent consistent with its Investment Objective and Strategies, a Fund may invest in financial options/swaptions contracts for the purpose of hedging its existing fund securities or to enhance the Fund’s returns. When a Fund writes or purchases an option/swaption, an amount equal to


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Notes to Financial Statements/Consolidated Notes to Financial Statements (Continued)

September 30, 2017

the premium received or paid by the Fund is recorded as a liability or an asset and is subsequently adjusted to the current market value of the option/swaption written or purchased. Premiums received or paid from writing or purchasing options/swaptions which expire unexercised are treated by the Fund on the expiration date as realized gains or losses. The difference between the premium and the amount paid or received on effecting a closing purchase or sale transaction, including brokerage commissions, is also treated as a realized gain or loss. If an option/swaption is exercised, the premium paid or received is added to the cost of the purchase or proceeds from the sale in determining whether the Fund has realized a gain or a loss on investment transactions.

The risk in writing a call option/swaption is that the Funds give up the opportunity for profit if the market price of the security increases. The risk in writing a put option/swaption is that the Funds may incur a loss if the market price of the security decreases and the option/swaption is exercised. The risk in purchasing an option/swaption is that the Funds pay a premium whether or not the option/swaption is exercised. The Funds also have the additional risk of being unable to enter into a closing transaction at an acceptable price if a liquid secondary market does not exist. Option/swaption contracts also involve the risk that they may not work as intended due to unanticipated developments in market conditions or other causes.

Finally, the risk exists that losses on written options could exceed amounts disclosed on the Statements of Assets and Liabilities. Refer to each Fund’s Schedule of Investments, Summary Schedule of Investments or Consolidated Schedule of Investments for details regarding open option/swaption contracts as of September 30, 2017, if applicable.

Securities Sold Short —To the extent consistent with its Investment Objective and Strategies, a Fund may engage in short sales. Short sales are transactions under which a Fund sells a security it does not own. To complete such a transaction, the Fund must borrow the security to make delivery to the buyer. A Fund then is obligated to replace the security borrowed by purchasing the security at the market price at the time of the replacement. The price at such time may be more or less than the price at which the security was sold by a Fund. Until the security is replaced, a Fund is required to pay the lender amounts equal to any dividends or interest that accrue during the period of the loan. Dividends and interest are shown as an expense for financial reporting purposes. To borrow the security, a Fund also may be required to pay a premium, which would decrease proceeds of the security sold. The

proceeds of the short sale are retained by the broker, to the extent necessary to meet margin requirements, until the short position is closed out. A gain, limited to the price at which a Fund sold the security short, or a loss, potentially unlimited in size, will be recognized upon the close of a short sale.

Refer to each Fund’s Schedule of Investments, Summary Schedule of Investments or Consolidated Schedule of Investments for details regarding securities sold short as of September 30, 2017, if applicable.

Swap Agreements — To the extent consistent with its Investment Objective and Strategies, a Fund may invest in swap contracts as an efficient means to synthetically obtain exposure to securities or baskets of securities and to manage a Fund’s interest rate duration and yield curve exposure. Swap contracts may also be used to mitigate a Fund’s overall level of risk and/or a Fund’s risk to particular types of securities, currencies or market segments. Interest rate swaps may further be used to manage a Fund’s yield spread sensitivity. A Fund may buy credit default swaps in an attempt to manage credit risk where a Fund has credit exposure to an issuer, and a Fund may sell credit default swaps to more efficiently gain credit exposure to a security or basket of securities. A swap agreement is a two-party contract under which an agreement is made to exchange returns from predetermined investments or instruments, including a particular interest rate, foreign currency, or “basket” of securities representing a particular index. Swap agreements are privately negotiated in the over-the-counter market (“OTC swaps”) or may be executed in a multilateral or other trade facility platform, such as a registered commodities exchange (“Centrally Cleared swaps”). Interest rate swaps involve the exchange by a Fund with another party of their respective commitments to pay or receive interest (e.g., an exchange of floating rate payments for fixed rate payments) with respect to a notional amount of principal. Credit-default swaps involve periodic payments by a Fund or counterparty based on a specified rate multiplied by a notional amount assigned to an underlying debt instrument or group of debt instruments in exchange for the assumption of credit risk on the same instruments. In the event of a credit event, usually in the form of a credit rating downgrade, the party receiving periodic payments (i.e. floating rate payer) must pay the other party (i.e. fixed rate payer) an amount equal to the recovery rate used to settle the contracts. The recovery rate is a function of how many credit default swap investors wish to deliver the security or receive the security. The recovery rate is determined through an auction process. Total return swaps allow an investor to benefit from the cash flow without ever actually owning the underlying security. The receiver must pay any decline in value to


372		SEI Institutional Managed Trust / Annual Report / September 30, 2017

the payer at the end of the total return swap. However, the investor does not need to make a payment if there is no decline in price. Payments can be made on various indices, bonds (i.e. mortgage backed securities, bank debt and corporate), loans or commodities. The value of a total return swap is equal to the change in value of the underlying asset versus the accrued income payment based on LIBOR or some other form of indices on the notional amount. Payments received or made are recorded as realized gains or loss. A Fund could be exposed to credit or market risk due to unfavorable changes in the fluctuation of interest rates or if the counterparty defaults on its obligation to perform. Risk of loss may exceed amounts recognized on the statement of assets and liabilities. Interest rate swap contracts outstanding at year end, if any, are listed after a Fund’s portfolio. In connection with swap agreements securities may be set aside as collateral by a Fund’s custodian.

Swaps are marked-to-market daily based upon quotations from market makers and the resulting changes in market values, if any, are recorded as an unrealized gain or loss in the Statement of Operations or Consolidated Statement of Operations. Centrally cleared swaps are valued at the settlement price established each day by the board of exchange on which they are traded. The daily settlement prices for centrally cleared swaps are provided by an independent source. Net payments of interest are recorded as realized gains or losses. Daily changes in valuation of Centrally Cleared swaps, if any, are recorded as a receivable or payable for the change in value as appropriate (“variation margin”) on the Statements of Assets and Liabilities or Consolidated Statement of Assets and Liabilities.

Entering into swap agreements involves, to varying degrees, elements of credit and market risk in excess of the amounts recognized on the Statement of Assets and Liabilities or Consolidated Statement of Assets and Liabilities. Such risks involve the possibility that there will be no liquid market for these agreements, that the counterparty to the agreement may default on its obligation to perform and that there may be unfavorable changes in the fluctuation of interest rates. Risks also arise from potential losses from adverse market movements.

This risk is mitigated by having a master netting arrangement between a Fund and the counterparty and by having the counterparty post collateral to cover a Fund’s exposure to the counterparty. See Note 3 for further details. Refer to each Fund’s Schedule of Investments, Summary Schedule of Investments or Consolidated Schedule of Investments for details regarding open swap agreements as of September 30, 2017, if applicable.

Delayed Delivery Transactions — To the extent consistent with its Investment Objective and Strategies, a Fund may purchase or sell securities on a when-issued or delayed delivery basis. These transactions involve a commitment by the Fund to purchase or sell securities for a predetermined price or yield, with payment and delivery taking place beyond the customary settlement period. When delayed delivery purchases are outstanding, the Fund will set aside liquid assets in an amount sufficient to meet the purchase price. When purchasing a security on a delayed delivery basis, the Fund assumes the rights and risks of ownership of the security, including the risk of price and yield fluctuations, and takes such fluctuations into account when determining its net asset value. The Fund may dispose of or renegotiate a delayed delivery transaction after it is entered into, and may sell when-issued securities before they are delivered, which may result in a capital gain or loss. When the Fund has sold a security on delayed delivery basis, the Fund does not participate in future gains and losses with respect to the security.

Collateralized Debt Obligations — To the extent consistent with its Investment Objective and Strategies, a Fund may invest in collateralized debt obligations (“CDOs”), which include collateralized loan obligations (“CLOs”) and other similarly structured securities. CLOs are a type of asset-backed securities. A CLO is a trust typically collateralized by a pool of loans, which may include, among others, domestic and foreign senior secured loans, senior unsecured loans, and subordinate corporate loans, including loans that may be rated below investment grade or equivalent unrated loans. CDOs may charge management fees and administrative expenses.

For CDOs, the cash flows from the trust are split into two or more portions, called tranches, varying in risk and yield. The riskiest portion is the “equity” tranche which bears the bulk of defaults from the bonds or loans in the trust and serves to protect the other, more senior tranches from default in all but the most severe circumstances. Since it is partially protected from defaults, a senior tranche from a CDO trust typically has a higher rating and lower yield than its underlying securities, and can be rated investment grade. Despite the protection from the equity tranche, CDO tranches can experience substantial losses due to actual defaults, increased sensitivity to defaults due to collateral default and disappearance of protecting tranches, market anticipation of defaults, as well as aversion to CDO securities as a class.

The risks of an investment in a CDO depend largely on its Class and its collateral securities. Normally, CLOs and other CDOs are privately offered and sold, and thus, are not registered under the securities laws. As a


SEI Institutional Managed Trust / Annual Report / September 30, 2017		373

Notes to Financial Statements/Consolidated Notes to Financial Statements (Continued)

September 30, 2017

result, investments in CDOs may be characterized by the Funds as illiquid securities; however, an active dealer market may exist for CDOs, allowing a CDO to qualify for Rule 144A transactions. In addition to the normal risks associated with fixed income securities (e.g., interest rate risk and default risk), CDOs carry additional risks including, but not limited to: (i) the possibility that distributions from collateral securities will not be adequate to make interest or other payments; (ii) the quality of the collateral may decline in value or default; (iii) the Funds may invest in CDOs that are subordinate to other classes; and (iv) the complex structure of the security may not be fully understood at the time of investment and may produce disputes with the issuer or unexpected investment results.

Illiquid Securities — A security is considered illiquid if it cannot be sold or disposed of in the ordinary course of business within seven days or less for its approximate

carrying value on the books of a Fund. Valuations of illiquid securities may differ significantly from the values that would have been used had an active market value for these securities existed.

Restricted Securities — At September 30, 2017, the following Funds owned private placement investments that were purchased through private offerings or acquired through initial public offerings and cannot be sold without prior registration under the Securities Act of 1933 or pursuant to an exemption therefrom. In addition, the Funds have generally agreed to further restrictions on the disposition of certain holdings as set forth in various agreements entered into in connection with the purchase of these investments. These investments are valued at fair value as determined in accordance with the procedures approved by the Board of Trustees. The acquisition dates of these investments, the enforceable right to acquire these securities, along with their cost and values at September 30, 2017, were as follows:



	Number of Shares/ Face Amount ($ Thousands)		Acquisition Date		Right to Acquire Date		Cost ($ Thousands)		Market Value ($ Thousands)		% of Net Assets

Small Cap Growth Fund
Value Creation		145,600		8/10/06		8/10/06	$	1,491	$	61		0.02%

High Yield Bond Fund
Aventine (Escrow Security)	$	2,750		11/30/10		11/30/10	$	–	$	–		0.00%

Dividends and Distributions to Shareholders —

Dividends from net investment income are declared and paid to shareholders quarterly for the Large Cap, Large Cap Value, Large Cap Growth, Tax-Managed Large Cap, S&P 500 Index, Small Cap, Small Cap Value, Small Cap Growth, Tax-Managed Small/Mid Cap, Mid-Cap, U.S. Managed Volatility, Tax-Managed Managed Volatility, Real Estate, Enhanced Income and Real Return Funds; are declared and paid annually for the Global Managed Volatility, Tax-Managed International Managed Volatility, Multi-Strategy Alternative, Multi-Asset Accumulation, Multi-Asset Inflation Managed, Multi-Asset Capital Stability, Dynamic Asset Allocation and Long/Short Alternative Funds; are declared daily and paid monthly for the Core Fixed Income, U.S. Fixed Income, High Yield Bond, Conservative Income, Tax-Free Conservative Income, Multi-Asset Income and Multi-Asset Capital Stability Funds. Any net realized capital gains on sales of securities are distributed to shareholders at least annually. Dividends and distributions are recorded on the ex-dividend date.

Investments in Real Estate Investment Trust — With respect to the Real Estate Fund, dividend income is recorded based on the income included in distributions received from the Real Estate Investment Trust (“REIT”) investments using published REIT reclassifications including some management estimates when actual

amounts are not available. Distributions received in excess of this estimated amount are recorded as a reduction of the cost of investments or reclassified to capital gains. The actual amounts of income, return of capital, and capital gains are only determined by each REIT after its fiscal year end, and may differ from the estimated amounts.

Investment in Subsidiary — Each of the Multi-Asset Accumulation, Multi-Asset Inflation Managed and Dynamic Asset Allocation Funds may invest in its own Subsidiary. By investing in a Subsidiary, each Fund is indirectly exposed to the risks associated with such Subsidiary’s investments. The commodity-related instruments held by a Subsidiary are generally similar to those that are permitted to be held by the applicable Fund and are subject to the same risks that apply to similar investments if held directly by the Fund. A Subsidiary, however, is not registered under the 1940 Act and will not be subject to all of the investor protections of the 1940 Act. Thus, the Multi-Asset Accumulation, Multi-Asset Inflation Managed and Dynamic Asset Allocation Funds, as investors in their respective Subsidiary, will not have all of the protections offered to investors in registered investment companies.

However, each Fund wholly owns and controls its respective Subsidiary, and the Funds and the


374		SEI Institutional Managed Trust / Annual Report / September 30, 2017

Subsidiaries are all managed by SIMC, making it unlikely that a Subsidiary will take action contrary to the interests of the applicable Fund or its shareholders. While a Subsidiary has its own Board of Directors (“Board”) that is responsible for overseeing the operations of such Subsidiary, the respective Fund’s Board has oversight responsibility for the investment activities of the Fund, including its investment in the respective Subsidiary, and the Fund’s role as the sole shareholder of such Subsidiary. It is not currently expected that shares of any Subsidiary will be sold or offered to investors other than the respective Fund.

Changes in the laws of the United States and/or the Cayman Islands or governmental interpretation of such laws, under which the Funds and the Subsidiaries, respectively, are organized, could result in the inability of a Fund and/or its respective Subsidiary to operate as intended and could negatively affect the Funds and their shareholders. For example, Cayman Islands law does not currently impose any income, corporate or capital gains tax, estate duty, inheritance tax, gift tax or withholding tax on the Subsidiaries. If Cayman Islands law changes such that the Subsidiaries must pay Cayman Islands governmental authority taxes, Fund shareholders would likely suffer decreased investment return.

3. CREDIT DERIVATIVES

A Fund may use credit default swaps to reduce risk where a Fund has exposure to the issuer, or to take an active long or short position with respect to the likelihood of an event of default. The reference obligation of the swap can be a single issuer, a “basket” of issuers, or an index. The underlying referenced assets are corporate debt, sovereign debt and asset backed securities.

The buyer of a credit default swap is generally obligated to pay the seller a periodic stream of payments over the term of the contract in return for a contingent payment upon the occurrence of a credit event with respect to an underlying reference obligation. Generally, a credit event for corporate or sovereign reference obligations means bankruptcy, failure to pay, obligation acceleration, repudiation/moratorium or restructuring. For credit default swaps on asset-backed securities, a credit event may be triggered by events such as failure to pay principal, maturity extension, rating downgrade or write-down.

If a Fund is a seller of protection, and a credit event occurs, as defined under the terms of that particular swap agreement, a Fund will generally either (i) pay to the buyer an amount equal to the notional amount of the swap and take delivery of the referenced

obligation, other deliverable obligations, or underlying securities comprising a referenced index or (ii) pay a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising a referenced index.

If a Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, a Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation, other deliverable obligations or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. Recovery values are calculated by market makers considering either industry standard recovery rates or entity specific factors and considerations until a credit event occurs. If a credit event has occurred, the recovery value is determined by a facilitated auction whereby a minimum number of allowable broker bids, together with a specified valuation method, are used to calculate the settlement value.

Certain Funds are party to International Swap Dealers Association, Inc. Master Agreements (“ISDA Master Agreements”). These agreements are with select counterparties and they govern transactions, including certain over-the counter derivative and foreign exchange contracts, entered into by the Funds and the counterparty.

As of September 30, 2017, the Core Fixed Income Fund, Multi-Strategy Alternative Fund, Multi-Asset Income Fund and the Multi-Asset Inflation Managed Fund are the buyers (“receiving protection”) on a total notional amount of $12 million, $9.4 million, $10 million and $11 million, respectively. As of September 30, 2017, the Core Fixed Income Fund, U.S. Fixed Income Fund, High Yield Bond Fund, Multi-Strategy Alternative Fund, Multi-Asset Inflation Managed Fund and Multi-Asset Capital Stability Fund are the sellers (“providing protection”) on a total notional amount of $22 million, $8.3 million,

$12.4 million, $3.7 million, $9.4 million, and $27.3 million, respectively. The notional amounts of the swaps are not recorded in the financial statements. The notional amounts approximate the maximum potential amount of future payments that the Fund could be required to make if the Fund was the seller of protection and a credit event was to occur.


SEI Institutional Managed Trust / Annual Report / September 30, 2017		375

Notes to Financial Statements/Consolidated Notes to Financial Statements (Continued)

September 30, 2017

Those credit default swaps (“CDS”) for which the Fund is providing protection at the balance sheet date are summarized as follows:


CORE FIXED INCOME FUND WRITTEN CREDIT DERIVATIVE CONTRACTS	SINGLE NAME CDS				CDS ON AN INDEX
REFERENCE ASSET	CORP US$		SOVERIGN US$		ABS US$		CORP US$		Total
Fair value of written credit derivatives		$-		$-		$-		$476,593		$476,593
Maximum potential amount of future payments		-		-		-		22,060,000		22,060,000
Recourse provisions with third parties to recover any amounts paid under the credit derivative (including any purchased credit protection)¹		-		-		-		-		-
Collateral held by the Fund can obtain upon occurrence of triggering event		-		-		-		-		-
U.S. FIXED INCOME FUND WRITTEN CREDIT DERIVATIVE CONTRACTS	SINGLE NAME CDS				CDS ON AN INDEX
REFERENCE ASSET	CORP US$		SOVERIGN US$		ABS US$		CORP US$		Total
Fair value of written credit derivatives		$-		$-		$-		$174,769		$174,769
Maximum potential amount of future payments		-		-		-		8,300,000		8,300,000
Recourse provisions with third parties to recover any amounts paid under the credit derivative (including any purchased credit protection)¹		-		-		-		-		-
Collateral held by the Fund can obtain upon occurrence of triggering event		-		-		-		-		-

HIGH YIELD BOND FUND WRITTEN CREDIT DERIVATIVE CONTRACTS	SINGLE NAME CDS				CDS ON AN INDEX
REFERENCE ASSET	CORP US$		SOVERIGN US$		ABS US$		CORP US$		Total
Fair value of written credit derivatives		$-		$-		$-		$968,372		$968,372
Maximum potential amount of future payments		-		-		-		12,379,000		12,379,000
Recourse provisions with third parties to recover any amounts paid under the credit derivative (including any purchased credit protection) ¹		-		-		-		-		-
Collateral held by the Fund can obtain upon occurrence of triggering event		-		-		-		-		-
MULTI-STRATEGY ALTERNATIVE FUND WRITTEN CREDIT DERIVATIVE CONTRACTS	SINGLE NAME CDS				CDS ON AN INDEX
REFERENCE ASSET	CORP US$		SOVERIGN US$		ABS US$		CORP US$		Total
Fair value of written credit derivatives		$-		$11		$-		$142,477		$142,488
Maximum potential amount of future payments		-		2,593,000		-		1,182,201		3,775,201
Recourse provisions with third parties to recover any amounts paid under the credit derivative (including any purchased credit protection) ¹		-		-		-		-		-
Collateral held by the Fund can obtain upon occurrence of triggering event		-		-		-		-		-
MULTI-ASSET INFLATION MANAGED FUND WRITTEN CREDIT DERIVATIVE CONTRACTS	SINGLE NAME CDS				CDS ON AN INDEX
REFERENCE ASSET	CORP US$		SOVERIGN US$		ABS US$		CORP US$		Total
Fair value of written credit derivatives		$-		$-		$(1,301,481)		$-		$(1,301,481)
Maximum potential amount of future payments		-		-		9,433,000		-		9,433,000
Recourse provisions with third parties to recover any amounts paid under the credit derivative (including any purchased credit protection) ¹		-		-		-		-		-
Collateral held by the Fund can obtain upon occurrence of triggering event		-		-		-		-		-


376		SEI Institutional Managed Trust / Annual Report / September 30, 2017


MULTI-ASSET CAPITAL STABILITY FUND WRITTEN CREDIT DERIVATIVE CONTRACTS	SINGLE NAME CDS				CDS ON AN INDEX
REFERENCE ASSET	CORP US$		SOVERIGN US$		ABS US$		CORP US$		Total
Fair value of written credit derivatives		$-		$-		$-		$1,600,888		$1,600,888
Maximum potential amount of future payments		-		-		-		27,263,292		27,263,292
Recourse provisions with third parties to recover any amounts paid under the credit derivative (including any purchased credit protection) ¹		-		-		-		-		-
Collateral held by the Fund can obtain upon occurrence of triggering event		-		-		-		-		-

Potential recoveries would include purchased credit derivatives to the extent they offset written credit derivatives which have an identical underlying, or a netting arrangement or credit support annex with the counterparty. There may be other potential recoveries from recourse provisions where agreements cover multiple derivative arrangements but those amounts have not been included.


MAXIMUM POTENTIAL AMOUNT OF FUTURE PAYMENTS BY CONTRACT TERM
CORE FIXED INCOME FUND	0-6 MONTHS		6-12 MONTHS		1-5 YEARS		5-10 YEARS		> 10 YEARS		Total
Current credit spread* on underlying (in basis points)
0-100		$-		$-		$22,060,000		$-		$-		$22,060,000
101-200		-		-		-		-		-		-
201-300		-		-		-		-		-		-
301-400		-		-		-		-		-		-
> than 400		-		-		-		-		-		-
Total		$-		$-		$22,060,000		$-		$-		$22,060,000

MAXIMUM POTENTIAL AMOUNT OF FUTURE PAYMENTS BY CONTRACT TERM
U.S. FIXED INCOME FUND	0-6 MONTHS		6-12 MONTHS		1-5 YEARS		5-10 YEARS		> 10 YEARS		Total
Current credit spread* on underlying (in basis points)
0-100		$-		$-		$8,300,000		$-		$-		$8,300,000
101-200		-		-		-		-		-		-
201-300		-		-		-		-		-		-
301-400		-		-		-		-		-		-
> than 400		-		-		-		-		-		-
Total		$-		$-		$8,300,000		$-		$-		$8,300,000

MAXIMUM POTENTIAL AMOUNT OF FUTURE PAYMENTS BY CONTRACT TERM
HIGH YIELD BOND FUND	0-6 MONTHS		6-12 MONTHS		1-5 YEARS		5-10 YEARS		> 10 YEARS		Total
Current credit spread* on underlying (in basis points)
0-100		$-		$-		$-		$-		$-		$-
101-200		-		-		-		-		-		-
201-300		-		-		850,000		-		-		850,000
301-400		-		-		11,529,000		-		-		11,529,000
> than 400		-		-		-		-		-		-
Total		$-		$-		$12,379,000		$-		$-		$12,379,000

MAXIMUM POTENTIAL AMOUNT OF FUTURE PAYMENTS BY CONTRACT TERM
MULTI-STRATEGY ALTERNATIVE FUND	0-6 MONTHS		6-12 MONTHS		1-5 YEARS		5-10 YEARS		> 10 YEARS		Total
Current credit spread* on underlying (in basis points)
0-100		$-		$-		$2,345,000		$-		$-		$2,345,000
101-200		-		-		248,000		-		-		248,000
201-300		-		-		-		-		-		-
301-400		-		-		-		-		-		-
> than 400		-		-		1,405,401		-		-		1,405,401
Total		$-		$-		$3,998,401		$-		$-		$3,998,401


SEI Institutional Managed Trust / Annual Report / September 30, 2017		377

Notes to Financial Statements/Consolidated Notes to Financial Statements (Continued)

September 30, 2017


MAXIMUM POTENTIAL AMOUNT OF FUTURE PAYMENTS BY CONTRACT TERM
MULTI-ASSET INFLATION MANAGED FUND	0-6 MONTHS		6-12 MONTHS		1-5 YEARS		5-10 YEARS		> 10 YEARS		Total
Current credit spread* on underlying (in basis points)
0-100		$-		$-		$-		$-		$-		$-
101-200		-		-		-		-		-		-
201-300		-		-		-		-		-		-
301-400		-		-		-		-		-		-
> than 400		-		-		-		-		9,433,000		9,433,000
Total		$-		$-		$-		$-		$9,433,000		$9,433,000

MAXIMUM POTENTIAL AMOUNT OF FUTURE PAYMENTS BY CONTRACT TERM
MULTI-ASSET CAPITAL STABILITY FUND	0-6 MONTHS		6-12 MONTHS		1-5 YEARS		5-10 YEARS		> 10 YEARS		Total
Current credit spread* on underlying (in basis points)
0-100		$-		$-		$12,290,000		$-		$-		$12,290,000
101-200		-		-		-		-		-		-
201-300		-		-		-		-		-		-
301-400		-		-		-		-		-		-
> than 400		-		-		14,973,292		-		-		14,973,292
Total		$-		$-		$27,263,292		$-		$-		$27,263,292

The credit spread on the underlying asset is generally indicative of the current status of the underlying risk of the Fund having to perform. The spread also reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into a contract. Higher credit spreads with a shorter contract term is indicative of a higher likelihood of performance by the Fund.

The credit spread disclosed above for each reference obligation where the Fund is the seller of protection is a representation of the current payment/performance risk of the swap.

4. DERIVATIVE TRANSACTIONS

The following tables include only Funds that had exposure to more than one type of risk on derivatives held throughout the year. For Funds that held derivatives throughout the year with only one type of risk exposure, additional information can be found on the Summary Schedule of Investments, Schedule of Investments or Consolidated Schedule of Investments and the Statement of Operations or Consolidated Statement of Operations.

The fair value of derivative instruments as of September 30, 2017 was as follows ($ Thousands):

Asset Derivatives

Liability Derivatives

Statement of Assets and Liabilities/Consolidated

Statement of Assets and Liabilities Location

Fair Value

Statement of Assets and Liabilities/Consolidated

Statement of Assets and Liabilities Location

Fair Value

Derivatives not accounted for as hedging instruments:

Global Managed Volatility Fund

Equity contracts

Net Assets — Unrealized appreciation on futures contracts

$335*

Net Assets — Unrealized depreciation on futures contracts

$4*

Foreign exchange contracts

Unrealized gain on forward foreign currency contracts

2,460

Unrealized loss on forward foreign currency contracts

102

Total Derivatives not accounted for as hedging instruments

$2,795

$106

Core Fixed Income Fund

Interest rate contracts

Net Assets — Unrealized appreciation on futures contracts

$2,048*

Net Assets — Unrealized depreciation on futures contracts

$2,336 *

Net Assets — Unrealized appreciation on swap contracts

1,879^†

Net Assets — Unrealized depreciation on swap contracts

248^†

Options purchased, at value

203

Options written, at value

175

Foreign exchange contracts

Unrealized gain on forward foreign

Unrealized loss on forward foreign

currency contracts

840

currency contracts

674

Credit contracts

Net Assets — Unrealized appreciation on swap contracts

69^†

Net Assets — Unrealized depreciation on swap contracts

30^†

Total Derivatives not accounted for as hedging instruments

$5,039

$3,463


378		SEI Institutional Managed Trust / Annual Report / September 30, 2017

Asset Derivatives

Liability Derivatives

Statement of Assets and Liabilities/Consolidated

Statement of Assets and Liabilities Location

Fair Value

Statement of Assets and Liabilities/Consolidated
Statement of Assets and Liabilities Location

Fair Value

Derivatives not accounted for as hedging instruments:

U.S. Fixed Income Fund

Interest rate contracts

Net Assets — Unrealized appreciation on futures contracts

$1,057*

Net Assets — Unrealized depreciation on futures contracts

$827*

Net Assets — Unrealized appreciation on swap contracts

1,071^†

Net Assets — Unrealized depreciation on swap contracts

12^†

Options purchased, at value

117

Options written, at value

100

Foreign exchange contracts

Unrealized gain on forward foreign currency contracts

273

Unrealized loss on forward foreign currency contracts

Credit Contracts

Net Assets — Unrealized appreciation on swap contracts

Net Assets — Unrealized depreciation on swap contracts

—

Total Derivatives not accounted for as hedging instruments

$2,530

$961

High Yield Bond Fund

Interest rate contracts

Net Assets — Unrealized appreciation on swap contracts

$—^†

Net Assets — Unrealized depreciation on swap contracts

$367^†

Credit contracts

Net Assets — Unrealized appreciation on swap contracts

83^†

Net Assets — Unrealized depreciation on swap contracts

—^†

Total Derivatives not accounted for as hedging instruments

$83

$367

Dynamic Asset Allocation Fund

Equity contracts

Net Assets — Unrealized appreciation on futures contracts

$5,917*

Net Assets — Unrealized depreciation on futures contracts

$2,866*

Net Assets — Unrealized appreciation on swap contracts

696^†

Net Assets — Unrealized depreciation on swap contracts

274^†

Options purchased, at value

883

Options written, at value

425

Foreign exchange contracts

Unrealized gain on forward foreign currency contracts

979

Unrealized loss on forward foreign currency contracts

2,131

Total Derivatives not accounted for as hedging instruments

$8,475

$5,696

Multi-Strategy Alternative Fund

Interest rate contracts

Net Assets — Unrealized appreciation on futures contracts

$78*

Net Assets — Unrealized depreciation on futures contracts

$—*

Net Assets — Unrealized appreciation on swap contracts

332

Net Assets — Unrealized depreciation on swap contracts

Equity contracts

Options purchased, at value

223

Options written, at value

Net Assets — Unrealized appreciation on futures contracts

—*

Net Assets — Unrealized depreciation on futures contracts

11*

Net Assets — Unrealized appreciation on swap contracts

199^†

Net Assets — Unrealized depreciation on swap contracts

192^†

Foreign exchange contracts

Unrealized gain on forward foreign currency contracts

359

Unrealized loss on forward foreign currency contracts

159

Net Assets — Unrealized appreciation on cross currency swap contracts

—

Net Assets — Unrealized depreciation on cross currency swap contracts

16†

Credit contracts

Net Assets — Unrealized appreciation on swap contracts

233^†

Net Assets — Unrealized depreciation on swap contracts

246^†

Total Derivatives not accounted for as hedging instruments

$1,424

$721


SEI Institutional Managed Trust / Annual Report / September 30, 2017		379

Notes to Financial Statements/Consolidated Notes to Financial Statements (Continued)

September 30, 2017

Asset Derivatives

Liability Derivatives

Statement of Assets and Liabilities/Consolidated

Statement of Assets and Liabilities Location

Fair Value

Statement of Assets and Liabilities/Consolidated
Statement of Assets and Liabilities Location

Fair Value

Derivatives not accounted for as hedging instruments:

Multi-Asset Accumulation Fund

Interest rate contracts

Net Assets — Unrealized appreciation on futures contracts

$—*

Net Assets — Unrealized depreciation on futures contracts

$21,819*

Net Assets — Unrealized appreciation on swap contracts

—^†

Net Assets — Unrealized depreciation on swap contracts

6,944^†

Equity contracts

Net Assets — Unrealized appreciation on futures contracts

27,217*

Net Assets — Unrealized depreciation on futures contracts

2,126*

Net Assets — Unrealized appreciation on swap contracts

2,097^†

Net Assets — Unrealized depreciation on swap contracts

860^†

Foreign exchange contracts

Unrealized gain on forward foreign currency contracts

6,009

Unrealized loss on forward foreign currency contracts

9,973

Commodity contracts

Net Assets — Unrealized appreciation on futures contracts

17,332*

Net Assets — Unrealized depreciation on futures contracts

6,566*

Net Assets — Unrealized appreciation on swap contracts

4,774^†

Net Assets — Unrealized depreciation on swap contracts

3,093^†

Total Derivatives not accounted for as hedging instruments

$57,429

$51,381

Multi-Asset Income Fund

Interest rate contracts

Options purchased, at value

$35

Options written, at value

Net Assets — Unrealized appreciation on futures contracts

—*

Net Assets — Unrealized depreciation on futures contracts

847*

Net Assets — Unrealized appreciation on swap contracts

169^†

Net Assets — Unrealized depreciation on swap contracts

127^†

Equity contracts

Options purchased, at value

—

Options written, at value

2,245

Net Assets — Unrealized appreciation on futures contracts

601*

Net Assets — Unrealized depreciation on futures contracts

—*

Credit contracts

Net Assets — Unrealized appreciation on swap contracts

—^†

Net Assets — Unrealized depreciation on swap contracts

35^†

Foreign exchange contracts

Options purchased, at value

459

Options written, at value

—

Unrealized gain on forward foreign currency contracts

Unrealized loss on forward foreign currency contracts

Total Derivatives not accounted for as hedging instruments

$1,314

$3,358

Multi-Asset Inflation Managed Fund

Interest rate contracts

Net Assets — Unrealized appreciation on futures contracts

$519*

Net Assets — Unrealized depreciation on futures contracts

$72*

Net Assets — Unrealized appreciation on swap contracts

1,021^†

Net Assets — Unrealized depreciation on swap contracts

1,309^†

Equity contracts

Net Assets — Unrealized appreciation on futures contracts

—*

Net Assets — Unrealized depreciation on futures contracts

362*

Foreign exchange contracts

Unrealized gain on forward foreign currency contracts

241

Unrealized loss on forward foreign currency contracts

225

Commodity contracts

Net Assets — Unrealized appreciation on futures contracts

4,762*

Net Assets — Unrealized depreciation on future contracts

4,298*

Credit contracts

Net Assets — Unrealized appreciation on swaps contracts

—^†

Net Assets — Unrealized depreciation on swaps contracts

806^†

Total Derivatives not accounted for as hedging instruments

$6,543

$7,072


380		SEI Institutional Managed Trust / Annual Report / September 30, 2017

Asset Derivatives

Liability Derivatives

Statement of Assets and Liabilities/Consolidated

Statement of Assets and Liabilities Location

Fair Value

Statement of Assets and Liabilities/Consolidated
Statement of Assets and Liabilities Location

Fair Value

Derivatives not accounted for as hedging instruments:

Multi-Asset Capital Stability Fund

Interest rate contracts

Net Assets — Unrealized appreciation on futures contracts

$108*

Net Assets — Unrealized depreciation on futures contracts

$1,301*

Net Assets — Unrealized appreciation on swap contracts

30^†

Net Assets — Unrealized depreciation on swap contracts

307^†

Equity contracts

Net Assets — Unrealized appreciation on futures contracts

1,638*

Net Assets — Unrealized depreciation on futures contracts

—*

Options purchased, at value

206

Options written, at value

151

Foreign exchange contracts

Unrealized gain on forward foreign currency contracts

7,989

Unrealized loss on forward foreign currency contracts

1,999

Options purchased, at value

Options written, at value

Credit contracts

Net Assets — Unrealized appreciation on swap contracts

244^†

Net Assets — Unrealized depreciation on swap contracts

—^†

Total Derivatives not accounted for as hedging instruments

$10,236

$3,799

Long/Short Alternative Fund

Interest rate contracts

Net Assets — Unrealized appreciation on

Net Assets — Unrealized depreciation on futures

futures contracts

$77*

contracts

$29*

Equity contracts

Net Assets — Unrealized appreciation on futures contracts

147*

Net Assets — Unrealized depreciation on futures contracts

—*

Total Derivatives not accounted for as hedging instruments

$224

$29

Includes cumulative appreciation/depreciation of futures contracts as reported in the Schedules of Investments. Only current day’s variation margin is reported within the Statements of Assets & Liabilities or Consolidated Statements of Assets & Liabilities.

^†

Includes cumulative appreciation/depreciation of swap contracts as reported in the Schedules of Investments. Market Value is reported within the Statements of Assets & Liabilities or Consolidated Statements of Assets & Liabilities for swap contracts that have paid premiums.

The effect of derivative instruments on the Statements of Operations/Consolidated Statements of Operations for the year ended September 30, 2017.

Amount of realized gain or (loss) on derivatives recognized in income ($ Thousands):


Derivatives Not Accounted for as Hedging Instruments	Options			Swaptions		Futures		Forward Currency Contracts		Swaps			Total
Global Managed Volatility Fund
Equity contracts	$	—		$	—	$	7,560	$	—	$	—		$	7,560
Foreign exchange contracts		—			—		—		1,468		—			1,468
Total	$	—		$	—	$	7,560	$	1,468	$	—		$	9,028

Core Fixed Income Fund
Interest rate contracts	$	(79	)	$	—	$	5,966	$	—	$	(1,598	)	$	4,289
Foreign exchange contracts		(23	)		—		24		3,113		—			3,114
Credit contracts		—			—		—		—		(141	)		(141	)
Total	$	(102	)	$	—	$	5,990	$	3,113	$	(1,739	)	$	7,262

U.S. Fixed Income Fund
Interest rate contracts	$	(131	)	$	—	$	3,825	$	—	$	(264	)	$	3,430
Foreign exchange contracts		—			—		—		795		—			795
Total	$	(131	)	$	—	$	3,825	$	795	$	(264	)	$	4,225


SEI Institutional Managed Trust / Annual Report / September 30, 2017		381

Notes to Financial Statements/Consolidated Notes to Financial Statements (Continued)

September 30, 2017


Derivatives Not Accounted for as Hedging Instruments	Options			Swaptions			Futures			Forward Currency Contracts			Swaps			Total
High Yield Bond Fund
Interest rate contracts	$	—		$	—		$	—		$	—		$	—		$	—
Credit contracts		—			—			—			—			894			894
Total	$	—		$	—		$	—		$	—		$	894		$	894
Dynamic Asset Allocation Fund
Equity contracts	$	(886	)	$	—		$	292		$	—		$	—		$	(594)
Interest rate contracts		—			—			(73	)		—			2,241			2,168
Foreign exchange contracts		1,479			—			—			6,816			—			8,295
Total	$	593		$	—		$	219		$	6,816		$	2,241		$	9,869
Multi-Strategy Alternative Fund
Credit contracts	$	—		$	—		$	—		$	—		$	(259	)	$	(259)
Equity contracts		(518	)		—			(190	)		—			594			(114)
Interest rate contracts		(9	)		—			265			—			77			333
Foreign exchange contracts		—			—			—			139			—			139
Total	$	(527	)	$	—		$	75		$	139		$	412		$	99
Multi-Asset Accumulation Fund
Equity contracts	$	—		$	—		$	136,688		$	—		$	25,097		$	161,785
Interest rate contracts		—			—			(29,749	)		—			(15,240	)		(44,989)
Foreign exchange contracts		—			—			(4,947	)		(5,603	)		—			(10,550)
Commodity contracts		—			—			(6,672	)		—			(5,226	)		(11,898)
Total	$	—		$	—		$	95,320		$	(5,603	)	$	4,631		$	94,348
Multi-Asset Income Fund
Credit contracts	$	—		$	—		$	—		$	—		$	30		$	30
Equity contracts		(4,146	)		—			4,090			—			(251	)		(307)
Interest rate contracts		257			—			(824	)		—			689			122
Foreign exchange contracts		—			—			—			(474	)		—			(474)
Total	$	(3,889	)	$	—		$	3,266		$	(474	)	$	468		$	(629)
Multi-Asset Inflation Managed Fund
Credit contracts	$	—		$	—		$	—		$	—		$	122		$	122
Equity contracts		—			—			(4,825	)		—			—			(4,825)
Interest rate contracts		(105	)		—			69			—			334			298
Foreign exchange contracts		—			—			—			1,903			—			1,903
Commodity contracts		(78	)		—			(10,902	)		—			—			(10,980)
Total	$	(183	)	$	—		$	(15,658	)	$	1,903		$	456		$	(13,482)
Multi-Asset Capital Stability Fund
Credit contracts	$	—		$	—		$	—		$	—		$	699		$	699
Equity contracts		180			—			13,826			—			—			14,006
Interest rate contracts		—			(16	)		(2,462	)		—			(173	)		(2,651)
Foreign exchange contracts		152			—			—			7,225			—			7,377
Total	$	332		$	(16	)	$	11,364		$	7,225		$	526		$	19,431
Long/Short Alternative Fund
Equity contracts	$	—		$	—		$	3,433		$	—		$	—		$	3,433
Interest rate contracts		—			—			(139	)		—			—			(139)
Total	$	—		$	—		$	3,294		$	—		$	—		$	3,294


382		SEI Institutional Managed Trust / Annual Report / September 30, 2017

Change in unrealized appreciation or (depreciation) on derivatives recognized in income ($ Thousands):


Derivatives Not Accounted for as Hedging Instruments	Options			Swaptions		Futures			Forward Currency Contracts			Swaps			Total
Global Managed Volatility Fund
Equity contracts	$	—		$	—	$	255		$	—		$	—		$	255
Foreign exchange contracts		—			—		—			2,090			—			2,090
Total	$	—		$	—	$	255		$	2,090		$	—		$	2,345
Core Fixed Income Fund
Credit contracts	$	—		$	—	$	—		$	—		$	59		$	59
Interest rate contracts		17			—		(1,982	)		—			5,472			3,507
Foreign exchange contracts		—			—		—			641			—			641
Total	$	17		$	—	$	(1,982	)	$	641		$	5,531		$	4,207
U.S. Fixed Income Fund
Interest rate contracts	$	21		$	—	$	(741	)	$	—		$	1,526		$	804
Foreign exchange contracts		—			—		—			410			12			422
Total	$	21		$	—	$	(741	)	$	410		$	1,538		$	1,226
High Yield Bond Fund
Interest rate contracts	$	—		$	—	$	—		$	—		$	(367	)	$	(367)
Credit contracts		—			—		—			—			(110	)		(110)
Total	$	—		$	—	$	—		$	—		$	(477	)	$	(477)
Dynamic Asset Allocation Fund
Equity contracts	$	(286	)	$	—	$	3,029		$	—		$	422		$	3,165
Interest rate contracts		109			—		—			—			(576	)		(467)
Foreign exchange contracts		—			—		—			1,145			—			1,145
Total	$	(177	)	$	—	$	3,029		$	1,145		$	(154	)	$	3,843
Multi-Strategy Alternative Fund
Credit contracts	$	—		$	—	$	—		$	—		$	(111	)	$	(111)
Equity contracts		(188	)		—		(16	)		—			(95	)		(299)
Interest rate contracts		—			—		74			—			225			299
Foreign exchange contracts		—			—		—			278			(16	)		262
Total	$	(188	)	$	—	$	58		$	278		$	3		$	151
Multi-Asset Accumulation Fund
Equity contracts	$	—		$	—	$	21,120		$	—		$	2,880		$	24,000
Interest rate contracts		—			—		(26,015	)		—			(8,253	)		(34,268)
Foreign exchange contracts		—			—		—			(3,983	)		—			(3,983)
Commodity contracts		—			—		13,797			—			2,873			16,670
Total	$	—		$	—	$	8,902		$	(3,983	)	$	(2,500	)	$	2,419


SEI Institutional Managed Trust / Annual Report / September 30, 2017		383

Notes to Financial Statements/Consolidated Notes to Financial Statements (Continued)

September 30, 2017


Derivatives Not Accounted for as Hedging Instruments	Options			Swaptions		Futures			Forward Currency Contracts			Swaps			Total
Multi-Asset Income Fund
Credit contracts	$	—		$	—	$	—		$	—		$	(35	)	$	(35)
Equity contracts		(175	)		—		533			—			239			597
Interest rate contracts		(467	)		—		(911	)		—			269			(1,109)
Foreign exchange contracts		(1,247	)		—		—			(280	)		—			(1,527)
Total	$	(1,889	)	$	—	$	(378	)	$	(280	)	$	473		$	(2,074)
Multi-Asset Inflation Managed Fund
Credit contracts	$	—		$	—	$	—		$	—		$	(623	)	$	(623)
Equity contracts		—			—		(269	)		—			—			(269)
Interest rate contracts		—			—		657			—			1,840			2,497
Foreign exchange contracts		—			—		—			1,722			—			1,722
Commodity contracts		—			—		313			—			—			313
Total	$	—		$	—	$	701		$	1,722		$	1,217		$	3,640
Multi-Asset Capital Stability Fund
Credit contracts	$	—		$	—	$	—		$	—		$	251		$	251
Equity contracts		49			—		1,663			—			—			1,712
Interest rate contracts		—			—		(1,048	)		—			(538	)		(1,586)
Foreign exchange contracts		(85	)		—		—			6,217			—			6,132
Total	$	(36	)	$	—	$	615		$	6,217		$	(287	)	$	6,509
Long/Short Alternative Fund
Equity contracts	$	—		$	—	$	225		$	—		$	—		$	225
Interest rate contracts		—			—		46			—			—			46
Total	$	—		$	—	$	271		$	—		$	—		$	271

The following table discloses the volume of the Fund’s futures contracts, option contracts, forward foreign currency contracts and swap contracts activity during the year ended September 30, 2017 ($ Thousands):


	Large Cap Fund		Large Cap Growth Fund		Tax-Managed Large Cap Fund		S&P 500 Index Fund		Small Cap Fund
Futures Contracts:
Equity Contracts
Average Notional Balance Long	$	14,855	$	31	$	16,952	$	16,846	$	12,679
Ending Notional Balance Long		12,655		376		–		16,048		18,878

	Small Cap Value Fund		Small Cap Growth Fund		Tax-Managed Small/Mid Cap Fund		Mid-Cap Fund		U.S. Managed Volatility Fund
Futures Contracts:
Equity Contracts
Average Notional Balance Long	$	4,231	$	284	$	3,304	$	2,111	$	18,606
Ending Notional Balance Long		3,724		1,043		2,197		859		20,977


384		SEI Institutional Managed Trust / Annual Report / September 30, 2017

Global Managed
Volatility Fund

Tax-Managed
Managed Volatility
Fund

Tax-Managed
International
Managed Volatility
Fund

Enhanced Income
Fund

Core Fixed Income
Fund

Futures Contracts:

Equity Contracts

Average Notional Balance Long

29,092

12,369

4,928

–

Ending Notional Balance Long

17,379

9,967

10,939

–

Interest Contracts

Average Notional Balance Long

1,674

–

1,475

473

352,565

Average Notional Balance Short

–

4,400

284,800

Ending Notional Balance Long

–

473

369,561

Ending Notional Balance Short

–

3,607

423,604

Currency Contracts

Average Notional Balance Short

–

1,845

Ending Notional Balance Short

–

2,695

Forward Foreign Currency Contracts:

Average Notional Balance Long

392,571

–

90,972

Average Notional Balance Short

392,213

–

90,521

Ending Notional Balance Long

379,620

–

84,441

Ending Notional Balance Short

377,264

–

84,269

Swaps:

Credit Contracts

Average Notional Balance Long

–

5,500

Average Notional Balance Short

–

9,898

Ending Notional Balance Long

–

12,010

Ending Notional Balance Short

–

22,060

Interest Contracts

Average Notional Balance Long

–

103,359

Average Notional Balance Short

–

103,359

Ending Notional Balance Long

–

115,889

Ending Notional Balance Short

–

115,889

Options

Interest

Average Notional Balance Long

–

228

Average Notional Balance Short

–

275

Ending Notional Balance Long

–

243

Ending Notional Balance Short

–

285


SEI Institutional Managed Trust / Annual Report / September 30, 2017			385

Notes to Financial Statements/Consolidated Notes to Financial Statements (Continued)

September 30, 2017

U.S. Fixed Income
Fund

High Yield Bond
Fund

Dynamic Asset
Allocation Fund

Multi-Strategy
Alternative Fund

Multi-Asset
Accumulation Fund

Futures Contracts:

Commodity Contracts

Average Notional Balance Long

–

457,722

Average Notional Balance Short

–

Ending Notional Balance Long

–

691,455

Equity Contracts

Average Notional Balance Long

–

72,249

–

1,130,862

Average Notional Balance Short

–

71,791

1,244

–

Ending Notional Balance Long

–

166,933

–

1,147,537

Ending Notional Balance Short

–

140,300

870

–

Interest Contracts

Average Notional Balance Long

165,987

–

18,316

114

1,701,857

Average Notional Balance Short

166,659

–

8,656

1,647

Ending Notional Balance Long

172,726

–

1,873,634

Ending Notional Balance Short

233,369

–

7,100

–

Forward Foreign Currency Contracts:

Average Notional Balance Long

20,078

–

455,240

30,046

1,170,174

Average Notional Balance Short

19,924

–

455,161

30,060

1,171,895

Ending Notional Balance Long

30,321

–

747,973

37,824

1,075,334

Ending Notional Balance Short

30,052

–

749,125

37,621

1,079,303

Swaps:

Total Return Contracts

Average Notional Balance Long

–

6,188

6,629

811,504

Average Notional Balance Short

–

3,367

6,188

2,703

–

Ending Notional Balance Long

–

74,260

14,653

851,849

Ending Notional Balance Short

–

20,200

74,260

4,886

–

Credit Contracts

Average Notional Balance Long

–

12,535

–

Average Notional Balance Short

1,383

10,472

–

7,414

–

Ending Notional Balance Long

–

9,380

–

Ending Notional Balance Short

8,300

12,379

–

3,775

–

Interest Contracts

Average Notional Balance Long

33,060

–

6,578

6,452

561,470

Average Notional Balance Short

33,060

–

6,578

6,452

561,470

Ending Notional Balance Long

41,289

–

9,464

681,222

Ending Notional Balance Short

41,289

–

9,464

681,222

Foreign Exchange Contracts

Average Notional Balance Long

–

994

37,043

Average Notional Balance Short

–

987

–

Ending Notional Balance Long

–

2,059

444,511

Ending Notional Balance Short

–

2,107

–

Options

Equity

Average Notional Balance Long

–

544

333

–

Average Notional Balance Short

–

261

–

Ending Notional Balance Long

–

1,525

477

–

Ending Notional Balance Short

–

781

–

Interest

Average Notional Balance Long

126

–

Average Notional Balance Short

143

–

Ending Notional Balance Long

140

–

Ending Notional Balance Short

163

–

Currency

Average Notional Balance Long

–

15,381

–


386		SEI Institutional Managed Trust / Annual Report / September 30, 2017

Multi-Asset Income
Fund

Multi-Asset Inflation
Managed Fund

Multi-Asset Capital
Stability Fund

Long/Short
Alternative Fund

Futures Contracts:

Commodity Contracts

Average Notional Balance Long

–

203,513

–

Average Notional Balance Short

–

28,166

–

Ending Notional Balance Long

–

199,434

–

Ending Notional Balance Short

–

29,992

–

Equity Contracts

Average Notional Balance Long

28,767

–

99,661

18,112

Average Notional Balance Short

–

35,390

–

783

Ending Notional Balance Long

31,479

–

113,401

10,140

Ending Notional Balance Short

–

39,062

–

Interest Contracts

Average Notional Balance Long

84,739

13,370

97,704

1,705

Average Notional Balance Short

73,575

6,233

3,348

Ending Notional Balance Long

116,006

13,232

105,170

–

Ending Notional Balance Short

–

109,633

23,681

3,745

Currency Contracts

Average Notional Balance Long

–

5,473

–

Average Notional Balance Short

–

878

Ending Notional Balance Short

–

2,107

Forward Foreign Currency Contracts:

Average Notional Balance Long

23,114

71,771

466,999

–

Average Notional Balance Short

23,284

71,645

464,418

–

Ending Notional Balance Long

27,072

48,074

432,107

–

Ending Notional Balance Short

27,117

48,041

426,130

–

Swaps:

Total Return Contracts

Average Notional Balance Long

–

Credit Contracts

Average Notional Balance Long

1,730

4,166

–

Average Notional Balance Short

1,125

8,424

22,527

–

Ending Notional Balance Long

10,380

10,601

–

Ending Notional Balance Short

–

9,433

27,263

–

Interest Contracts

Average Notional Balance Long

93,588

176,420

28,226

–

Average Notional Balance Short

93,588

176,420

28,226

–

Ending Notional Balance Long

31,536

110,304

35,029

–

Ending Notional Balance Short

31,536

110,304

35,029

–

Options

Commodity

Average Notional Balance Long

–

133

–

Equity

Average Notional Balance Long

540

–

154

–

Average Notional Balance Short

1,545

–

188

–

Ending Notional Balance Long

703

–

299

–

Ending Notional Balance Short

1,858

–

301

–

Interest

Average Notional Balance Long

791

9,372

–

Average Notional Balance Short

150

5,370

5,704

–

Ending Notional Balance Long

1,082

–

Currency

Average Notional Balance Long

11,521

–

16,703

–

Average Notional Balance Short

–

33,340

–

Ending Notional Balance Long

17,281

–

1,800

–

Ending Notional Balance Short

–

9,900

–


SEI Institutional Managed Trust / Annual Report / September 30, 2017			387

Notes to Financial Statements/Consolidated Notes to Financial Statements (Continued)

September 30, 2017

A Fund is subject to various netting arrangements with select counterparties (“Master Agreements”). Master Agreements govern the terms of certain transactions, and reduce the counterparty risk associated with relevant transactions by specifying credit protection mechanisms and providing standardization that improves legal certainty. Since different types of transactions have different mechanics and are sometimes traded out of different legal entities of a particular counterparty organization, each type of transaction may be covered by a different Master Agreement, resulting in the need for multiple agreements with a single counterparty. As the Master Agreements are specific to unique operations of different asset types, they allow a Fund to close out and net its total exposure to a specific counterparty entity in the event of a default with respect to all the transactions governed under a single agreement with a specific counterparty entity.

Master Agreements can also help limit counterparty risk by specifying collateral posting arrangements at pre-arranged exposure levels. Under the Master Agreements, collateral is routinely transferred if the total net exposure to certain transactions (net of existing collateral already in place) governed under the relevant Master Agreement with a counterparty in a given account exceeds a specified threshold, which typically ranges from zero to $250,000 depending on the counterparty and the type of Master Agreement. United States Treasury Securities and U.S. dollar cash are generally the preferred forms of collateral. Securities and cash pledged as collateral are reflected as assets on the Statements of Assets and Liabilities or Consolidated Statements of Assets and Liabilities as either a component of investments at value (securities) or deposits due from counterparties (cash). Cash collateral received is not typically held in a segregated account and as such is reflected as a liability on the Statements of Assets and Liabilities or Consolidated Statements of Assets and Liabilities as deposits due to counterparties. The market value of any securities received as collateral is not reflected as a component of net asset value. A Fund’s overall exposure to counterparty risk can change substantially within a short period, as it is affected by each transaction subject to the relevant Master Agreement.

Customer Account Agreements and related addendums govern exchange traded derivatives transactions such as futures, options on futures, and centrally cleared swaps. Exchange traded derivative transactions require posting of initial margin as determined by each relevant clearing agency which is segregated at a broker account registered with the Commodities Futures Trading Commission (“CFTC”), or the applicable regulator. In the

U.S., counterparty risk is reduced as placement due to the Fund assets in the segregated account. Additionally, portability of exposure in the event of default further reduces risk to the Funds. Variation margin, or changes in market value, are exchanged daily, but may not be netted between futures and cleared OTC derivatives.


388		SEI Institutional Managed Trust / Annual Report / September 30, 2017

The following is a summary of the market value and variation margin of exchange-traded or centrally cleared financial derivative instruments of the Funds as of September 30, 2017 ($ Thousands):


	Financial Derivative Assets								Financial Derivative Liabilities

	Market Value		Variation Margin Asset						Market Value		Variation Margin Liability

	Purchased				Swap				Written				Swap
Fund	Options		Futures		Agreements		Total		Options		Futures		Agreements		Total

Large Cap Fund		$ —		$ 40		$ —		$ 40		$ —		$ —		$ —		$ —
Large Cap Growth Fund		—		2		—		2		—		—		—		—
S&P 500 Index Fund		—		54		—		54		—		—		—		—
Small Cap Fund		—		4		—		4		—		—		—		—
Small Cap Value Fund		—		1		—		1		—		—		—		—
Tax-Managed Small/Mid Cap Fund		—		2		—		2		—		—		—		—
Mid-Cap Fund		—		1		—		1		—		—		—		—
U.S. Managed Volatility Fund		—		71		—		71		—		—		—		—
Global Managed Volatility Fund		—		93		—		93		—		4		—		4
Tax-Managed Managed Volatility Fund		—		34		—		34		—		—		—		—
Tax-Managed International Managed Volatility Fund		—		55		—		55		—		5		—		5
Enhanced Income Fund		—		3		—		3		—		1		—		1
Core Fixed Income Fund		203		54		147		404		175		597		80		852
U.S. Fixed Income Fund		117		61		1,547		1,725		100		225		1,512		1,837
High Yield Bond Fund		—		42		—		42		—		—		—		—
Dynamic Asset Allocation Fund		883		574		—		1,457		425		588		—		1,013
Multi-Strategy Alternative Fund		223		3		22		248		30		14		11		55
Multi-Asset Accumulation Fund		—		3,810		—		3,810		—		859		472		1,331
Multi-Asset Income Fund		494		125		5		624		2,254		128		12		2,394
Multi-Asset Inflation Managed Fund		—		661		234		895		—		1,346		748		2,094
Multi-Asset Capital Stability Fund		227		540		55		822		192		155		12		359
Long/Short Alternative Fund		—		71		—		71		—		1		—		1

Total Exchange-Traded or Centrally Cleared		$2,147		$6,301		$2,010		$10,458		$3,176		$3,923		$2,847		$9,946

Securities with an aggregate market value of $56,209 ($ Thousands) have been pledged and $154,672 ($ Thousands) in cash has been pledged as collateral for exchange-traded and centrally cleared derivative instruments as of September 30, 2017.

International Swaps and Derivatives Association, Inc. Master Agreements and Credit Support Annexes (“ISDA Master Agreements”) govern OTC financial derivative transactions entered into by a Fund and select counterparties. ISDA Master Agreements maintain provisions for general obligations, representations, agreements, collateral and events of default or

termination. Events of termination include conditions that may entitle counterparties to elect to terminate early and cause settlement of all outstanding transactions under the applicable ISDA Master Agreement. Any election to terminate early could be material to the financial statements. In limited circumstances, the ISDA Master Agreement may contain additional provisions that add additional counterparty protection beyond coverage of existing daily exposure if the counterparty has a decline in credit quality below a predefined level. These amounts, if any, may be segregated with a third party custodian.

The following is a summary by counterparty of the market value of OTC financial derivative instruments and collateral (received)/pledged as of September 30, 2017 ($ Thousands):

Financial Derivative Assets

Financial Derivative Liabilities

Forward

Purchased

Forward

Written

Net Market

Foreign

Options

Total Over

Foreign

Options

Reverse

Total

Value of

Collateral

Global Managed Volatility

Currency

and

Swap

the

Currency

and

Swap

Repurchase

Over the

OTC

(Received)

Net

Fund

Contracts

Swaptions

Agreements

Counter

Contracts

Swaptions

Agreements

Counter

Derivatives

Pledged

Exposures⁽¹⁾

Brown Brothers Harriman

$ 2,460

$ —

$ 2,460

$ 102

$ —

$ 102

$ 2,358

$ —

$ 2,358

Total Over the Counter

$ 2,460

$ —

$ 2,460

$ 102

$ —

$ 102


SEI Institutional Managed Trust / Annual Report / September 30, 2017		389

Notes to Financial Statements/Consolidated Notes to Financial Statements (Continued)

September 30, 2017


	Financial Derivative Assets								Financial Derivative Liabilities

Core Fixed Income Fund	Forward Foreign Currency Contracts		Purchased Options and Swaptions		Swap Agreements		Total Over the Counter		Forward Foreign Currency Contracts		Written Options and Swaptions		Swap Agreements		Reverse Repurchase Agreements		Total Over the Counter		Net Market Value of OTC Derivatives		Collateral (Received) Pledged		Net Exposures⁽¹⁾

Bank of America		$ 359		$ —		$ —		$ 359		$ —		$ —		$ —		$ —		$ —		$359		$ —		$ 359
Citigroup		479		—		—		479		534		—		—		—		534		(55)		—		(55)
Deutsche Bank		2		—		—		2		132		—		—		—		132		(130)		—		(130)
Goldman Sachs		—		—		—		—		8		—		—		—		8		(8)		—		(8)
Morgan Stanley		—		—		—		—		—		—		—		—		—		—		—		—

Total Over the Counter		$ 840		$ —		$ —		$ 840		$ 674		$ —		$ —		$ —		$ 674

	Financial Derivative Assets								Financial Derivative Liabilities

U.S. Fixed Income Fund	Forward Foreign Currency Contracts		Purchased Options and Swaptions		Swap Agreements		Total Over the Counter		Forward Foreign Currency Contracts		Written Options and Swaptions		Swap Agreements		Reverse Repurchase Agreements		Total Over the Counter		Net Market Value of OTC Derivatives		Collateral (Received) Pledged		Net Exposures⁽¹⁾

Bank of America		$ 273		$ —		$ —		$ 273		$ —		$ —		$ —		$ —		$ —		$ 273		$ —		$273
Goldman Sachs		—		—		—		—		22		—		—		—		22		(22)		—		(22)

Total Over the Counter		$ 273		$ —		$ —		$ 273		$ 22		$ —		$ —		$ —		$ 22

	Financial Derivative Assets								Financial Derivative Liabilities

High Yield Bond Fund	Forward Foreign Currency Contracts		Purchased Options and Swaptions		Swap Agreements		Total Over the Counter		Forward Foreign Currency Contracts		Written Options and Swaptions		Swap Agreements		Reverse Repurchase Agreements		Total Over the Counter		Net Market Value of OTC Derivatives		Collateral (Received) Pledged		Net Exposures⁽¹⁾

Bank of America		$ —		$ —		$ —		$ —		$ —		$ —		$ 367		$ —		$ 367		$ (367)		$ —		$(367)

Total Over the Counter		$ —		$ —		$ —		$ —		$ —		$ —		$ 367		$ —		$ 367

	Financial Derivative Assets								Financial Derivative Liabilities

Dynamic Asset Allocation Fund	Forward Foreign Currency Contracts		Purchased Options and Swaptions		Swap Agreements		Total Over the Counter		Forward Foreign Currency Contracts		Written Options and Swaptions		Swap Agreements		Reverse Repurchase Agreements		Total Over the Counter		Net Market Value of OTC Derivatives		Collateral (Received) Pledged		Net Exposures⁽¹⁾

Bank of America		$ 68		$ —		$ —		$ 68		$ 919		$ —		$ —		$ —		$ 919		$ (851)		$ —		$ (851)
Bank of Montreal		32		—		—		32		34		—		—		—		34		(2)		—		(2)
Barclays PLC		—		—		—		—		2		—		—		—		2		(2)		—		(2)
BNP Paribas		—		—		—		—		13		—		—		—		13		(13)		—		(13)
Citigroup		—		—		—		—		—		—		—		—		—		—		—		—
Credit Suisse First Boston		—		—		—		—		1		—		—		—		1		(1)		—		(1)
Goldman Sachs		42		—		—		42		242		—		—		—		242		(200)		—		(200)
HSBC		—		—		—		—		—		—		—		—		—		—		—		—
JPMorgan Chase Bank		16		—		—		16		9		—		—		—		9		7		—		7
Morgan Stanley		57		—		696		753		95		—		274		—		369		384		—		384
Standard Chartered		728		—		—		728		453		—		—		—		453		275		—		275
TD Securities		1		—		—		1		—		—		—		—		—		1		—		1
UBS		35		—		—		35		363		—		—		—		363		(328)		—		(328)

Total Over the Counter		$ 979		$ —		$ 696		$ 1,675		$ 2,131		$ —		$ 274		$ —		$ 2,405

	Financial Derivative Assets								Financial Derivative Liabilities

	Forward		Purchased						Forward		Written								Net Market
	Foreign		Options				Total Over		Foreign		Options				Reverse		Total		Value of		Collateral
Multi-Strategy Alternative	Currency		and		Swap		the		Currency		and		Swap		Repurchase		Over the		OTC		(Received)		Net
Fund	Contracts		Swaptions		Agreements		Counter		Contracts		Swaptions		Agreements		Agreements		Counter		Derivatives		Pledged		Exposures⁽¹⁾

Bank of America		$ —		$ —		$ —		$ —		$ —		$ —		$ 73		$ —		$ 73		$(73)		$ —		$ (73)
Barclays PLC		6		—		23		29		—		—		—		—		—		29		—		29
Deutsche Bank		66		—		96		162		26		—		10		—		36		126		—		126
JPMorgan Chase Bank		54		—		—		54		19		—		—		—		19		35		200		235
Merrill Lynch		19		—		—		19		—		—		—		—		—		19		—		19
Morgan Stanley		214		—		199		413		114		—		192		—		306		107		—		107

Total Over the Counter		$ 359		$ —		$ 318		$ 677		$ 159		$ —		$ 275		$ —		$ 434


390		SEI Institutional Managed Trust / Annual Report / September 30, 2017


	Financial Derivative Assets								Financial Derivative Liabilities

	Forward		Purchased						Forward		Written								Net Market
Multi-Asset Accumulation	Foreign		Options				Total Over		Foreign		Options				Reverse		Total		Value of		Collateral
Multi-Asset Accumulation	Currency		and		Swap		the		Currency		and		Swap		Repurchase		Over the		OTC		(Received)		Net
Fund	Contracts		Swaptions		Agreements		Counter		Contracts		Swaptions		Agreements		Agreements		Counter		Derivatives		Pledged		Exposures⁽¹⁾

Bank of America		$ —		$ —		$ 321		$ 321		$ —		$ —		$ 5,118		$ —		$ 5,118		$ (4,797)		$ —		$ (4,797)
Barclays PLC		2,050		—		—		2,050		—		—		—		—		—		2,050		—		2,050
BNP Paribas		—		—		—		—		1		—		—		—		1		(1)		—		(1)
BoA Merrill Lynch		—		—		1,688		1,688		—		—		238		—		238		1,450		—		1,450
Citibank		—		—		3,086		3,086		—		—		2,855		—		2,855		231		—		231
Citigroup		3,745		—		—		3,745		9,850		—		—		—		9,850		(6,105)		—		(6,105)
JPMorgan Chase Bank		167		—		1,776		1,943		122		—		430		—		552		1,391		—		1,391
State Street		47		—		—		47		—		—		—		—		—		47		—		47

Total Over the Counter		$ 6,009		$ —		$ 6,871		$ 12,880		$ 9,973		$ —		$ 8,641		$ —		$ 18,614

	Financial Derivative Assets								Financial Derivative Liabilities

	Forward		Purchased						Forward		Written								Net Market
Multi-Asset Income Fund	Foreign Currency Contracts		Options and Swaptions		Swap Agreements		Total Over the Counter		Foreign Currency Contracts		Options and Swaptions		Swap Agreements		Reverse Repurchase Agreements		Total Over the Counter		Value of OTC Derivatives		Collateral (Received) Pledged		Net Exposures⁽¹⁾

Bank of America		$ 16		$ —		$ —		$ 16		$ 3		$ —		$ —		$ —		$ 3		$ 13		$ —		$ 13
Barclays PLC		—		—		—		—		39		—		—		—		39		(39)		—		(39)
Brown Brothers Harriman		10		—		—		10		—		—		—		—		—		10		—		10
Citigroup		—		—		—		—		49		—		—		—		49		(49)		—		(49)
Goldman Sachs		8		—		—		8		—		—		—		—		—		8		—		8
HSBC		—		—		—		—		4		—		—		—		4		(4)		—		(4)
JPMorgan Chase Bank		10		—		—		10		—		—		—		—		—		10		—		10
Macquarie Capital		6		—		—		6		—		—		—		—		—		6		—		6

Total Over the Counter		$ 50		$ —		$ —		$ 50		$ 95		$ —		$ —		$ —		$ 95

	Financial Derivative Assets								Financial Derivative Liabilities

	Forward		Purchased						Forward		Written								Net Market
Multi-Asset Inflation Managed Fund	Foreign Currency Contracts		Options and Swaptions		Swap Agreements		Total Over the Counter		Foreign Currency Contracts		Options and Swaptions		Swap Agreements		Reverse Repurchase Agreements		Total Over the Counter		Value of OTC Derivatives		Collateral (Received) Pledged		Net Exposures⁽¹⁾

Bank of America		$ —		$ —		$ —		$ —		$ 16		$ —		$ —		$ —		$ 16		$ (16)		$ —		$ (16)
Barclays PLC		111		—		—		111		—		—		—		—		—		111		—		111
BNP Paribas		11		—		—		11		2		—		—		—		2		9		—		9
Brown Brothers Harriman		7		—		—		7		17		—		—		—		17		(10)		—		(10)
Chase Securities		—		—		—		—		—		—		—		151,260		151,260		(151,260)		—		(151,260)
Citibank		—		—		—		—		—		—		92		—		92		(92)		—		(92)
Citigroup		37		—		—		37		47		—		—		—		47		(10)		—		(10)
Credit Suisse First Boston		35		—		—		35		11		—		162		—		173		(138)		—		(138)
Deutsche Bank AG London		40		—		—		40		22		—		205		—		227		(187)		—		(187)
Goldman Sachs International		—		—		—		—		—		—		347		—		347		(347)		—		(347)
JPMorgan Chase Bank		—		—		—		—		29		—		35		—		64		(64)		—		(64)
Merrill Lynch		—		—		—		—		—		—		—		8,285		8,285		(8,285)		—		(8,285)
Morgan Stanley		—		—		—		—		15		—		—		—		15		(15)		—		(15)
RBS		—		—		—		—		42		—		—		—		42		(42)		—		(42)
Standard Chartered		—		—		—		—		24		—		—		—		24		(24)		—		(24)

Total Over the Counter		$ 241		$ —		$ —		$ 241		$ 225		$ —		$ 841		$159,545		$ 160,611


SEI Institutional Managed Trust / Annual Report / September 30, 2017		391

Notes to Financial Statements/Consolidated Notes to Financial Statements (Continued)

September 30, 2017


	Financial Derivative Assets							Financial Derivative Liabilities
Multi-Asset Capital Stability Fund	Forward Foreign Currency Contracts		Purchased Options and Swaptions		Swap Agreements		Total Over the Counter	Forward Foreign Currency Contracts		Written Options and Swaptions		Swap Agreements		Reverse Repurchase Agreements		Total Over the Counter		Net Market Value of OTC Derivatives		Collateral (Received) Pledged		Net Exposures⁽¹⁾
ANZ	$	154	$	—	$	—	$ 154	$	23	$	—	$	—	$	—	$	23	$	131	$	—	$	131
Bank of America		5,533		—		—	5,533		133		—		—		—		133		5,400		—		5,400
Barclays PLC		1,699		—		—	1,699		552		—		—		—		552		1,147		—		1,147
BNP Paribas		63		—		—	63		34		—		—		—		34		29		—		29
Brown Brothers Harriman		24		—		—	24		155		—		—		—		155		(131)		—		(131)
Citigroup		165		—		—	165		410		—		—		—		410		(245)		—		(245)
Credit Suisse		3		21		—	24		14		24		—		—		38		(14)		—		(14)
Deutsche Bank		7		107		—	114		34		130		—		—		164		(50)		—		(50)
Goldman Sachs		68		—		—	68		36		17		—		—		53		15		—		15
JPMorgan Chase Bank		36		—		—	36		198		—		—		—		198		(162)		—		(162)
Montgomery/Bank of America		—		—		—	—		157		—		—		—		157		(157)		—		(157)
Morgan Stanley		29		—		—	29		35		—		—		—		35		(6)		—		(6)
Nomura Securities International		24		—		—	24		—		—		—		—		—		24		—		24
Royal Bank of Scotland		74		—		—	74		156		—		—		—		156		(82)		—		(82)
Standard Chartered		61		—		—	61		35		—		—		—		35		26		—		26
UBS		49		—		—	49		27		—		—		—		27		22		—		22
Total Over the Counter	$	7,989	$	128	$	—	$8,117	$	1,999	$	171	$	—	$	—	$	2,170

(1)	Net Exposures represents the net receivable/(payable) that would be due from /to the counterparty in the event of default. Exposure from OTC financial derivative instruments can only be netted across transactions governed under the same master agreement with the same legal entity.

Securities with an aggregate market value of $0 ($ Thousands) have been pledged as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of September 30, 2017.

5. BASIS FOR CONSOLIDATION FOR THE MULTI-ASSET ACCUMULATION FUND AND MULTI-ASSET INFLATION MANAGED FUND

The Consolidated Schedules of Investments, Consolidated Statements of Assets and Liabilities, Consolidated Statements of Operations, Consolidated Statements of Changes in Net Assets, Consolidated Statement of Cash Flows, and the Consolidated Financial Highlights of the Multi-Asset Accumulation Fund and Multi-Asset Inflation Managed Fund include the accounts of their respective Subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation for the Funds. Each of the

Subsidiaries has a fiscal year end of September 30th for financial statement consolidation purposes and a nonconforming tax year end of August 31.

The Subsidiaries are classified as controlled foreign corporations under the Internal Revenue Code of 1986 (“IRC”). Each Subsidiary’s taxable income is included in the calculation of the relevant Fund’s taxable income. Net losses of the Subsidiaries are not deductible by the Funds either in the current period or carried forward to future periods.

The Multi-Asset Accumulation Fund and Multi-Asset Inflation Managed Fund may each invest up to 25% of their total assets in its respective Subsidiary.

A summary of the Funds’ investments in the Subsidiaries are as follows:

Inception Date of Subsidiary

Subsidiary Net Assets at
September 30, 2017

($ Thousands)

% of Total Net Assets at
September 30, 2017

Accumulation Commodity Strategy Subsidiary, Ltd.

April 9, 2012

$459,027

17.0%

Inflation Commodity Strategy Subsidiary Ltd.

April 9, 2012

170,790

19.2%


392		SEI Institutional Managed Trust / Annual Report / September 30, 2017

Gains and losses attributed to the Funds’ investments in Subsidiaries are as follows:


		Accumulation Commodity Strategy, Ltd. ($Thousands)			Inflation Commodity Strategy Subsidiary, Ltd. ($Thousands)
Investment Income:
Investment Income	$	3,593		$	1,075
Net Realized Gain (Loss) on:
Investments		(266	)		19,112
Futures Contracts		(6,671	)		(10,902	)
Swap Contracts		(5,226	)		—
Options		—			(78	)
Net Change in Unrealized Appreciation (Depreciation) on:
Investments		(1,014	)		(9,077	)
Futures Contracts		13,797			—
Swap Contracts		2,874			—
Purchased Options		—			—
Foreign Currency and Translation of Other
Assets and Liabilities Denominated in
Foreign Currency		—			—

Total gains and losses attributed to the Funds’ investment in Subsidiaries	$	7,087		$	130

6. INVESTMENT ADVISORY, ADMINISTRATION AND DISTRIBUTION AGREEMENTS, INVESTMENT SUBADVISORY AGREEMENTS AND OTHER TRANSACTIONS WITH AFFILIATES

Investment Advisory, Administration and Distribution Agreements — SIMC serves as investment adviser (the “Adviser”) to each Fund. In connection with serving as Adviser, SIMC is entitled to a fee, which is calculated daily and paid monthly, based on the average daily net assets of each Fund.

SEI Investments Global Funds Services (the “Administrator”) provides administrative and transfer agency services to the Funds for annual fees, based on the average daily net assets of each Fund.

SEI Investments Distribution Co. “Distributor” is the Distributor of the shares of the Funds. The Funds have

adopted a shareholder services plan and agreement (the “Service Plan”) with respect to Class F and Class I Shares that allows such shares to pay service providers a fee, based on average daily net assets of each respective Class of Shares, in connection with the ongoing servicing of shareholder accounts owning such shares. The Funds have also adopted an administrative services plan and agreement (the “Administrative Service Plan”) with respect to Class I Shares that allows such Shares to pay service providers a fee, based on average daily net assets of the Class I Shares, in connection with ongoing administrative services for shareholder accounts owning such Shares.

The Service Plan and Administrative Service Plan provide that shareholder service fees and administrative service fees, respectively, on Class F and Class I Shares will be paid to the Distributor, which may then be used by the Distributor to compensate financial intermediaries for providing shareholder services and administrative services, as applicable, with respect to the Shares.

The Adviser, Administrator and/or Distributor have voluntarily agreed to waive a portion of their fees in order to keep total direct operating expenses (exclusive of interest from borrowings, brokerage commissions, taxes, Trustee fees, proxy fees, prime broker fees, interest and dividend expenses related to short sales and extraordinary expenses not incurred in the ordinary course of the Funds’ business) at a specified level. The voluntary waivers by the Funds’ Adviser, Administrator and/or Distributor are limited to the Funds’ direct operating expenses and, therefore, do not apply to indirect expenses incurred by the Funds, such as acquired fund fees and expenses. The waivers are voluntarily and the Funds’ Adviser, Administrator and/or Distributor may discontinue all or part of any of these waivers at any time. In addition, some Funds may participate in a commission recapture program where the Funds’ trades may be executed through the Funds’ distributor, and a portion of the commissions paid on those trades are then used to pay the Funds’ expenses.

The following is a summary of annual fees payable to the Adviser and Distributor and the voluntary expense limitations for each fund:


		Shareholder		Voluntary
	Advisory	Servicing	Administrative	Expense
	Fees	Fee	Servicing Fee	Limitation
Large Cap Fund
Class F ⁽¹⁾	0.3900%	0.25%	—	0.89%
Class Y	0.3900%	—	—	0.64%
Large Cap Value Fund
Class F ⁽¹⁾	0.3500%	0.25%	—	0.89%
Class I	0.3500%	0.25%	0.25%	1.11%
Class Y	0.3500%	—	—	0.64%


SEI Institutional Managed Trust / Annual Report / September 30, 2017		393

Notes to Financial Statements/Consolidated Notes to Financial Statements (Continued)

September 30, 2017


	Advisory Fees	Shareholder Servicing Fee	Administrative Servicing Fee	Voluntary Expense Limitation
Large Cap Growth Fund
Class F ⁽¹⁾	0.4000%	0.25%	—	0.89%
Class I	0.4000%	0.25%	0.25%	1.11%
Class Y	0.4000%	—	—	0.64%
Tax-Managed Large Cap Fund
Class F ⁽¹⁾	0.4000%	0.25%	—	0.89%
Class Y	0.4000%	—	—	0.64%
S&P 500 Index Fund
Class E	0.0300%	—	—	0.25%
Class F ⁽¹⁾	0.0300%	0.25%	—	0.43%
Class I	0.0300%	0.25%	0.25%	0.65%
Class Y	0.0300%	—	—	0.25%
Small Cap Fund
Class F ⁽¹⁾	0.6500%	0.25%	—	1.14%
Class Y	0.6500%	—	—	0.89%
Small Cap Value Fund
Class F ⁽¹⁾	0.6500%	0.25%	—	1.14%
Class I	0.6500%	0.25%	0.25%	1.36%
Class Y	0.6500%	—	—	0.89%
Small Cap Growth Fund
Class F ⁽¹⁾	0.6500%	0.25%	—	1.11%
Class I	0.6500%	0.25%	0.25%	1.36%
Class Y	0.6500%	—	—	0.86%
Tax-Managed Small/Mid Cap Fund
Class F ⁽¹⁾	0.6500%	0.25%	—	1.11%
Class Y	0.6500%	—	—	0.89%
Mid-Cap Fund
Class F ⁽¹⁾	0.4000%	0.25%	—	0.98%
Class I	0.4000%	0.25%	0.25%	1.20%
Class Y	0.4000%	—	—	0.73%
U.S. Managed Volatility Fund
Class F ⁽¹⁾	0.6500%	0.25%	—	1.00%
Class I	0.6500%	0.25%	0.25%	1.25%
Class Y	0.6500%	—	—	0.75%
Global Managed Volatility Fund
Class F ⁽¹⁾	0.6500%	0.25%	—	1.11%
Class I	0.6500%	0.25%	0.25%	1.36%
Class Y	0.6500%	—	—	0.86%
Tax-Managed Managed Volatility Fund
Class F ⁽¹⁾	0.6500%	0.25%	—	1.00%
Class Y	0.6500%	—	—	0.75%
Tax-Managed International Managed Volatility Fund
Class F ⁽¹⁾	0.6500%	0.25%	—	1.11%
Class Y	0.6500%	—	—	0.86%
Real Estate Fund
Class F ⁽¹⁾	0.6500%	0.25%	—	1.14%
Class I	0.6500%	0.25%	0.25%	1.36%
Class Y	0.6500%	—	—	0.89%
Enhanced Income Fund
Class F ⁽¹⁾	0.4000%	0.25%	—	0.60%
Class I	0.4000%	0.25%	0.25%	0.85%
Class Y	0.4000%	—	—	0.46%
Core Fixed Income Fund
Class F ⁽¹⁾	0.2750%	0.25%	—	0.67%
Class I	0.2750%	0.25%	0.25%	0.89%
Class Y	0.2750%	—	—	0.42%
U.S. Fixed Income Fund
Class F ⁽¹⁾	0.2750%	0.25%	—	0.66%
Class Y	0.2750%	—	—	0.41%


394		SEI Institutional Managed Trust / Annual Report / September 30, 2017


	Advisory Fees	Shareholder Servicing Fee	Administrative Servicing Fee	Voluntary Expense Limitation
High Yield Bond Fund
Class F ⁽¹⁾	0.4875%	0.25%	—	0.89%
Class I	0.4875%	0.25%	0.25%	1.11%
Class Y	0.4875%	—	—	0.64%
Conservative Income Fund
Class F ⁽¹⁾	0.1000%	0.25%	—	0.30%
Class Y	0.1000%	—	—	0.20%
Tax-Free Conservative Income Fund
Class F ⁽¹⁾	0.1000%	0.25%	—	0.30%
Class Y	0.1000%	—	—	0.20%
Real Return Fund
Class F ⁽¹⁾	0.2200%	0.25%	—	0.45%
Class Y	0.2200%	—	—	0.35%
Dynamic Asset Allocation Fund
Class F ⁽¹⁾	0.6000%	0.25%	—	0.75%
Class Y	0.6000%	—	—	0.50%
Multi-Strategy Alternative Fund
Class F ⁽¹⁾	1.5000%	0.25%	—	1.09%
Class Y	1.5000%	—	—	0.84%
Multi-Asset Accumulation Fund
Class F ⁽¹⁾	0.7500%	0.25%	—	1.17%
Class Y	0.7500%	—	—	0.92%
Multi-Asset Income Fund
Class F ⁽¹⁾	0.6000%	0.25%	—	0.80%
Class Y	0.6000%	—	—	0.70%
Multi-Asset Inflation Managed Fund
Class F ⁽¹⁾	0.5500%	0.25%	—	0.90%
Class Y	0.5500%	—	—	0.65%
Multi-Asset Capital Stability Fund
Class F ⁽¹⁾	0.4000%	0.25%	—	0.62%
Class Y	0.4000%	—	—	0.52%
Long/Short Alternative Fund
Class F ⁽¹⁾	0.8000%	0.25%	—	1.14%
Class Y	0.8000%	—	—	0.91%

(1)	Effective January 31, 2017, Class A Shares were converted to Class F.

The following is a summary of annual fees payable to the Administrator:


	Previous Contractual Fees	Contractual Fees as of January 1, 2017
	3/31/2016-12/31/2016	First $1.5 Billion	Next $500 Million	Next $500 Million	Next $500 Million	Over $3 Billion
Large Cap Fund	0.300%	0.300%	0.2550%	0.2100%	0.1650%	0.120%
Large Cap Value Fund	0.300%	0.300%	0.2550%	0.2100%	0.1650%	0.120%
Large Cap Growth Fund	0.300%	0.300%	0.2550%	0.2100%	0.1650%	0.120%
Tax-Managed Large Cap Fund	0.300%	0.300%	0.2550%	0.2100%	0.1650%	0.120%
Small Cap Fund	0.300%	0.300%	0.2550%	0.2100%	0.1650%	0.120%
Small Cap Value Fund	0.300%	0.300%	0.2550%	0.2100%	0.1650%	0.120%
Small Cap Growth Fund	0.300%	0.300%	0.2550%	0.2100%	0.1650%	0.120%
Tax-Managed Small/Mid Cap Fund	0.300%	0.300%	0.2550%	0.2100%	0.1650%	0.120%
Mid-Cap Fund	0.300%	0.300%	0.2550%	0.2100%	0.1650%	0.120%
U.S. Managed Volatility Fund	0.300%	0.300%	0.2550%	0.2100%	0.1650%	0.120%
Global Managed Volatility Fund	0.300%	0.300%	0.2550%	0.2100%	0.1650%	0.120%
Tax-Managed Managed Volatility Fund	0.300%	0.300%	0.2550%	0.2100%	0.1650%	0.120%
Tax-Managed International Managed Volatility Fund	—	0.450%	0.3700%	0.2900%	0.2100%	0.130%
Real Estate Fund	0.300%	0.300%	0.2550%	0.2100%	0.1650%	0.120%
Enhanced Income Fund	0.300%	0.200%	0.1775%	0.1550%	0.1325%	0.110%
Core Fixed Income Fund	0.280%	0.200%	0.1775%	0.1550%	0.1325%	0.110%
U.S. Fixed Income Fund	0.280%	0.200%	0.1775%	0.1550%	0.1325%	0.110%


SEI Institutional Managed Trust / Annual Report / September 30, 2017		395

Notes to Financial Statements/Consolidated Notes to Financial Statements (Continued)

September 30, 2017


	Previous Contractual Fees	Contractual Fees as of January 1, 2017
	3/31/2016-12/31/2016	First $1.5 Billion	Next $500 Million	Next $500 Million	Next $500 Million	Over $3 Billion
High Yield Bond Fund	0.300%	0.200%	0.1775%	0.1550%	0.1325%	0.110%
Conservative Income Fund	0.200%	0.200%	0.1775%	0.1550%	0.1325%	0.110%
Tax-Free Conservative Income Fund	0.200%	0.200%	0.1775%	0.1550%	0.1325%	0.110%
Real Return Fund	0.300%	0.200%	0.1775%	0.1550%	0.1325%	0.110%
Dynamic Asset Allocation Fund	0.300%	0.300%	0.2550%	0.2100%	0.1650%	0.120%
Multi-Strategy Alternative Fund	0.300%	0.300%	0.2550%	0.2100%	0.1650%	0.120%
Multi-Asset Accumulation Fund	0.300%	0.300%	0.2550%	0.2100%	0.1650%	0.120%
Multi-Asset Income Fund	0.300%	0.300%	0.2550%	0.2100%	0.1650%	0.120%
Multi-Asset Inflation Managed Fund	0.300%	0.300%	0.2550%	0.2100%	0.1650%	0.120%
Multi-Asset Capital Stability Fund	0.300%	0.300%	0.2550%	0.2100%	0.1650%	0.120%
Long/Short Alternative Fund	0.300%	0.300%	0.2550%	0.2100%	0.1650%	0.120%

		First $2 Billion	Next $500 Million	Next $500 Million	Over $3 Billion
S&P 500 Index Fund	0.220%	0.220%	0.2100%	0.1650%	0.120%

As of September 30, 2017, SIMC has entered into investment sub-advisory agreements with the following affiliated and unaffiliated parties:

Investment Sub-Adviser

Large Cap Fund

AQR Capital Management, LLC

BlackRock Investment Management, LLC

Brandywine Global Investment Management, LLC

Coho Partners, Ltd.

Fiera Capital Inc.

Jackson Square Partners, LLC

LSV Asset Management*

Parametric Portfolio Associates LLC

Snow Capital Management, L.P.

Large Cap Value Fund

AQR Capital Management, LLC

Brandywine Global Investment Management, LLC

Coho Partners, Ltd.

LSV Asset Management*

Parametric Portfolio Associates LLC

Snow Capital Management, L.P.

Large Cap Growth Fund

BlackRock Investment Management, LLC

Fiera Capital Inc.

Jackson Square Partners, LLC

Parametric Portfolio Associates LLC

Tax-Managed Large Cap Fund

AQR Capital Management, LLC

BlackRock Investment Management, LLC

Brandywine Global Investment Management, LLC

Coho Partners, Ltd.

Fiera Capital Inc.

Jackson Square Partners, LLC

LSV Asset Management*

Parametric Portfolio Associates LLC

Snow Capital Management, L.P.

S&P 500 Index Fund

SSgA Funds Management, Inc.

Small Cap Fund

AllianceBernstein, L.P.

AQR Capital Management, LLC

Boston Partners Global Investors Inc.

EAM Investors, LLC

Falcon Point Capital, LLC

Mesirow Financial Investment Management, Inc. Parametric Portfolio Associates LLC

Rice Hall James & Associates

Robeco Investment Management, Inc.

Snow Capital Management L.P.

Small Cap Value Fund

AQR Capital Management, LLC

Boston Partners Global Investors Inc.

Cardinal Capital Management, L.L.C.

LSV Asset Management*

Mesirow Financial Investment Management, Inc. Parametric Portfolio Associates LLC

Snow Capital Management, L.P.

Small Cap Growth Fund

AllianceBernstein, L.P.

Arrowpoint Asset Management, LLC

Axiom International Investors LLC

EAM Investors LLC

FalconPoint Capital, LLC

Parametric Portfolio Associates LLC

Tax-Managed Small/Mid Cap Fund

AllianceBernstein, L.P.

AQR Capital Management, LLC

Cardinal Capital Management, L.L.C.

Castle Ark Management, LLC

Mesirow Financial Investment Management, Inc. Parametric Portfolio Associates LLC

Snow Capital Management L.P.

Mid-Cap Fund

Quantitative Management Associates LLC

U.S. Managed Volatility Fund

AJO, LLC

Analytic Investors, LLC


396		SEI Institutional Managed Trust / Annual Report / September 30, 2017

LSV Asset Management*

Global Managed Volatility Fund

Acadian Asset Management LLC

Analytic Investors, LLC

Tax-Managed Managed Volatility Fund

AJO, LLC

Analytic Investors LLC

LSV Asset Management*

Parametric Portfolio Associates LLC

Tax-Managed International Managed Volatility Fund

Acadian Asset Management LLC

Analytic Investors, LLC

LSV Asset Management*

Parametric Portfolio Associates LLC

Real Estate Fund

CenterSquare Investment Management Inc.

Security Capital Research and Management Inc.

Enhanced Income Fund

Ares Management LLC

Wellington Management Company, LLP

Core Fixed Income Fund

Jennison Associates LLC

Metropolitan West Asset Management LLC

Wells Capital Management Incorporated

Western Asset Management Company

Western Asset Management Company Limited

U.S. Fixed Income Fund

Jennison Associates LLC

Metropolitan West Asset Management LLC

Wells Capital Management Incorporated

Western Asset Management Company

Western Asset Management Company Limited

High Yield Bond Fund

Ares Management LLC

Benefit Street Partners, LLC

Brigade Capital Management, LLC

J.P. Morgan Investment Management, Inc.

Conservative Income Fund

BlackRock Advisors, LLC

Tax-Free Conservative Income Fund

BlackRock Advisors, LLC

Dynamic Asset Allocation Fund

SSgA Funds Management, Inc.

Multi-Strategy Alternative Fund

Acadian Asset Management LLC

Brigade Capital Management, LP

Caerus Investors LLC

Emso Partners Limited Management, LLC

Kettle Hill Capital Management LLC

Mountaineer Partners Management, LLC

Ramius Advisors, LLC

Multi-Asset Accumulation Fund

AQR Capital Management, LLC

PanAgora Asset Management Inc.

Multi-Asset Income Fund

Goldman Sachs Asset Management, LP

Guggenheim Partners Investment Management, LLC

SSgA Funds Management Inc.

Multi-Asset Inflation Managed Fund

AllianceBernstein, L.P.

Cohen & Steers

QS Investors, LLC

Multi-Asset Capital Stability Fund

AllianceBernstein, L.P.

Long/Short Alternative Fund

Beachhead Capital Management, LLC

* Affiliated

Under the investment sub-advisory agreements, each sub-adviser receives a fee paid by SIMC.

Other — The Distribution Agreement between the Distributor and the Trust provides that the Distributor may receive compensation on fund transactions effected for the Trust in accordance with the rules of the Securities and Exchange Commission (“SEC”). Accordingly, it is expected that fund transactions may result in brokerage commissions being paid to the Distributor. SEC rules require that such commissions not exceed usual and customary commissions.

Such commissions for the year ended September 30, 2017 were as follows ($ Thousands):


Real Estate Fund		$ 14

Payments to Affiliates — Certain officers and/or trustees of the Trust are also officers and/or Directors of the Administrator, Adviser and/or Distributor. The Trust pays each unaffiliated Trustee an annual fee for attendance at quarterly, interim and committee meetings. Compensation of officers and affiliated Trustees of the Trust is paid by the Administrator or Distributor.

A portion of the services provided by the Chief Compliance Officer (“CCO”) and his staff, whom are employees of the Administrator, are paid for by the Trust as incurred.

LSV Asset Management (a partially owned indirect subsidiary of SEI Investment Co.) serves as the sub-adviser to the Large Cap, Large Cap Value, Tax-Managed Large Cap, Small Cap Value, U.S. Managed Volatility and Tax-Managed Managed Volatility Funds. For this service LSV Asset Management is entitled to receive a fee from


SEI Institutional Managed Trust / Annual Report / September 30, 2017			397

Notes to Financial Statements/Consolidated Notes to Financial Statements (Continued)

September 30, 2017

SIMC. Such fees for the period ended September 30, 2017 were as follows ($ Thousands):


Large Cap Fund	$	312
Large Cap Value Fund		374
Tax-Managed Large Cap Fund		462
Small Cap Value Fund		328
U.S. Managed Volatility Fund		1,738
Tax-Managed Managed Volatility Fund		1,333
Tax-Managed International Managed Volatility Fund		328

	$	4,875

Fees Paid Indirectly — The Funds may direct certain fund trades to the Distributor who pays a portion of the Funds’ expenses. Accordingly, the expenses reduced, which were used to pay third party expenses, and the effect on the Funds’ expense ratio, as a percentage of the Funds’ average daily net assets for the year ended September 30, 2017, can be found on the Statements of Operations or Consolidated Statements of Operations and Financial Highlights or Consolidated Financial Highlights, respectively.

Investment in Affiliated Security — The Funds may invest in the SEI Daily Income Trust Government Fund an affiliated money market fund to manage excess cash or to serve as margin or collateral for derivative positions. Additionally, the Funds may invest the cash collateral from the securities lending program in the SEI Liquidity Fund, L.P.

Interfund Lending — The SEC has granted an exemption that permits the Trust to participate in an interfund lending program (“the Program”) with existing or future investment companies registered under the 1940 Act that are advised by SIMC (the “SEI Funds”). The Program

allows the SEI Funds to lend money to and borrow money from each other for temporary or emergency purposes. Participation in the Program is voluntary for both borrowing and lending funds.

Interfund loans may be made only when the rate of interest to be charged is more favorable to the lending fund than an investment in overnight repurchase agreements (“Repo Rate”), and more favorable to the borrowing fund than the rate of interest that would be charged by a bank for short-term borrowings (“Bank Loan Rate”). The Bank Loan Rate will be determined using a formula annually reviewed by the SEI Funds’ Board of Trustees. The interest rate imposed on interfund loans is the average of the Repo Rate and the Bank Loan Rate.

During the year ended September 30, 2017, the following Fund borrowed funds from the SEI Multi-Asset Accumulation Fund. The amount borrowed, interest paid on the borrowing and the corresponding interest rate were as follows ($ Thousands):

Borrowing
Date

Maturity
Date

Amount
Borrowed

Interest
Paid

Interest
Rate

S&P 500 Index Fund

05/24/17

05/25/17

$35,000

0.97%

Real Estate Fund

01/19/17

01/20/17

5,200

–

0.75%

High Yield Bond Fund

10/18/16

10/21/16

20,000

0.51%

High Yield Bond Fund

10/21/16

10/24/16

7,000

–

0.51%

High Yield Bond Fund

10/24/16

10/25/16

7,000

–

0.48%

High Yield Bond Fund

11/04/16

11/07/16

16,500

0.51%

High Yield Bond Fund

11/07/16

11/08/16

7,000

–

0.50%

High Yield Bond Fund

11/08/16

11/10/16

7,000

–

0.50%

Amounts designated as “—” are $0 or have been rounded to $0.

7. CAPITAL SHARE TRANSACTIONS

Capital share transactions for the Funds were as follows (Thousands):

For the year ended September 30, 2017 and the year ended September 30, 2016.


	Large Cap Fund				Large Cap Value Fund				Large Cap Growth Fund				Tax-Managed Large Cap Fund

	2017		2016		2017		2016		2017		2016		2017		2016

Class F⁽¹⁾:

Shares Issued		37,319		45,905		6,178		8,504		5,033		7,211		21,685		34,379

Shares Issued in Lieu of Dividends and Distributions		1,381		29,281		739		8,742		51		8,025		1,072		1,372

Shares Redeemed		(55,842)		(77,979)		(17,167)		(14,097)		(13,592)		(12,209)		(47,648)		(31,139)

Total Increase (Decrease) in Net Assets Derived from Class F Transactions		(17,142)		(2,793)		(10,250)		3,149		(8,508)		3,027		(24,891)		4,612

Class I:

Shares Issued		–		–		29		92		17		55		–		–

Shares Issued in Lieu of Dividends and Distributions		–		–		2		36		—		22		–		–

Shares Redeemed		–		–		(133)		(172)		(75)		(88)		–		–

Total Decrease in Net Assets Derived from Class I Transactions		–		–		(102)		(44)		(58)		(11)		–		–

Class Y:

Shares Issued		2,128		3,136		4,150		1,078		3,081		719		5,361		3,695

Shares Issued in Lieu of Dividends and Distributions		130		2,264		49		10		12		1		112		94

Shares Redeemed		(4,708)		(3,671)		(365)		(50)		(238)		(33)		(1,849)		(1,024)


398		SEI Institutional Managed Trust / Annual Report / September 30, 2017


	Large Cap Fund				Large Cap Value Fund				Large Cap Growth Fund				Tax-Managed Large Cap Fund

	2017		2016		2017		2016		2017		2016		2017		2016

Total Increase (Decrease) in Net Assets Derived from Class Y Transactions		(2,450)		1,729		3,834		1,038		2,855		687		3,624		2,765

Increase (Decrease) in Capital Shares		(19,592)		(1,064)		(6,518)		4,143		(5,711)		3,703		(21,267)		7,377


	S&P 500 Index Fund				Small Cap Fund				Small Cap Value Fund				Small Cap Growth Fund

	2017		2016		2017		2016		2017		2016		2017		2016

Class E:

Shares Issued		947		642		–		–		–		–		–		–

Shares Issued in Lieu of Dividends and Distributions		227		88		–		–		–		–		–		–

Shares Redeemed		(1,006)		(676)		–		–		–		–		–		–

Total Increase in Net Assets Derived from Class E Transactions		168		54		–		–		–		–		–		–

Class F⁽¹⁾:

Shares Issued		2,603		2,107		11,014		13,639		2,509		4,091		1,014		1,411

Shares Issued in Lieu of Dividends and Distributions		299		132		58		4,272		74		1,136		–		–
Shares Redeemed		(3,220)		(3,158)		(14,081)		(11,802)		(5,159)		(5,149)		(2,746)		(2,824)

Total Increase (Decrease) in Net Assets Derived from Class F Transactions		(318)		(919)		(3,009)		6,109		(2,576)		78		(1,732)		(1,413)

Class I:
Shares Issued		42		103		–		–		14		65		10		44

Shares Issued in Lieu of Dividends and Distributions		3		1		–		–		–		8		–		–

Shares Redeemed		(62)		(147)		–		–		(48)		(117)		(28)		(71)

Total Decrease in Net Assets Derived from Class I Transactions		(17)		(43)		–		–		(34)		(44)		(18)		(27)

Class Y:

Shares Issued		771		23		706		1,277		1,190		331		621		261

Shares Issued in Lieu of Dividends and Distributions		19		–		9		305		7		1		–		–

Shares Redeemed		(92)		(8)		(1,022)		(1,066)		(91)		(15)		(49)		(11)

Total Increase (Decrease) in Net Assets Derived from Class Y Transactions		698		15		(307)		516		1,106		317		572		250


Increase (Decrease) in Capital Shares		531		(893)		(3,316)		6,625		(1,504)		351		(1,178)		(1,190)


	Tax-Managed Small/Mid Cap Fund				Mid-Cap Fund				U.S. Managed Volatility Fund				Global Managed Volatility Fund

	2017		2016		2017		2016		2017		2016		2017		2016

Class F⁽¹⁾:

Shares Issued		8,669		7,880		1,617		1,997		15,578		29,644		30,234		61,728

Shares Issued in Lieu of Dividends and Distributions		124		95		43		617		2,456		3,601		8,691		13,170

Shares Redeemed		(7,285)		(7,696)		(1,276)		(2,702)		(29,698)		(26,236)		(75,659)		(140,761)⁽¹⁾

Total Increase (Decrease) in Net Assets Derived from Class F Transactions		1,508		279		384		(88)		(11,664)		7,009		(36,734)		(65,863)

Class I:

Shares Issued		–		–		4		4		13		34		17		158

Shares Issued in Lieu of Dividends and Distributions		–		–		1		6		4		6		9		8

Shares Redeemed		–		–		(10)		(9)		(52)		(18)		(134)		(46)

Total Increase (Decrease) in Net Assets Derived from Class I Transactions		–		–		(5)		1		(35)		22		(108)		120

Class Y:
Shares Issued		1,347		1,207		72		24		14,802		11,471		11,078		5,869

Shares Issued in Lieu of Dividends and Distributions		15		11		1		–		1,333		1,680		671		549

Shares Redeemed		(448)		(332)		(12)		(4)		(12,614)		(8,772)		(2,822)		(6,262)

Total Increase in Net Assets Derived from Class Y Transactions		914		886		61		20		3,521		4,379		8,927		156

Increase (Decrease) in Capital Shares		2,422		1,165		440		(67)		(8,178)		11,410		(27,915)		(65,587)


SEI Institutional Managed Trust / Annual Report / September 30, 2017		399

Notes to Financial Statements/Consolidated Notes to Financial Statements (Continued)

September 30, 2017


	Tax-Managed Managed Volatility Fund						Tax-Managed International Managed Volatility Fund⁽⁴⁾			Real Estate Fund						Enhanced Income Fund
	2017			2016			2017			2017			2016			2017			2016
Class F⁽¹⁾:
Shares Issued		13,234			29,839			36,497			1,899			2,811			3,263			8,644
Shares Issued in Lieu of Dividends and Distributions		2,372			3,286			8			926			749			280			450
Shares Redeemed		(32,206	)		(19,159	)		(7,400	)		(3,776	)		(5,318	)		(18,449	)		(10,461	)
Total Increase (Decrease) in Net Assets Derived from Class F Transactions		(16,600	)		13,966			29,105			(951	)		(1,758	)		(14,906	)		(1,367	)
Class I:
Shares Issued		–			–			–			2			3			6			7
Shares Issued in Lieu of Dividends and Distributions		–			–			–			3			3			1			1
Shares Redeemed		–			–			–			(8	)		(12	)		(16	)		(5	)
Total Increase (Decrease) in Net Assets Derived from Class I Transactions		–			–			–			(3	)		(6	)		(9	)		3
Class Y:
Shares Issued		2,027			2,723			1,265			425			1,166			144			1,298
Shares Issued in Lieu of Dividends and Distributions		104			17			—			233			121			27			44
Shares Redeemed		(770	)		(252	)		(86	)		(395	)		(432	)		(1,706	)		(538	)
Total Increase (Decrease) in Net Assets Derived from Class Y Transactions		1,361			2,488			1,179			263			855			(1,535	)		804
Increase (Decrease) in Capital Shares		(15,239	)		16,454			30,284			(691	)		(909	)		(16,450	)		(560	)

	Core Fixed Income Fund						U.S. Fixed Income Fund						High Yield Bond Fund						Conservative Income Fund⁽³⁾
	2017			2016			2017			2016			2017			2016			2017			2016
Class F⁽¹⁾:
Shares Issued		31,803			32,257			82,082			32,888			58,271			81,751			20,994			7,971
Shares Issued in Lieu of Dividends and Distributions		6,728			5,497			4,751			2,706			13,124			15,362			100			—
Shares Redeemed		(51,428	)		(41,340	)		(40,161	)		(28,955	)		(112,720	)		(76,133	)		(9,554	)		(470	)
Total Increase (Decrease) in Net Assets Derived from Class F Transactions		(12,897	)		(3,586	)		46,672			6,639			(41,325	)		20,980			11,540			7,501
Class I:
Shares Issued		219			623			–			–			1,779			2,636			–			–
Shares Issued in Lieu of Dividends and Distributions		19			16			–			–			66			39			–			–
Shares Redeemed		(506	)		(934	)		–			–			(1,839	)		(2,670	)		–			–
Total Increase (Decrease) in Net Assets Derived from Class I Transactions		(268	)		(295	)		–			–			6			5			–			–
Class Y:
Shares Issued		15,660			4,234			7,878			2,711			7,126			11,136			2,619			3,361
Shares Issued in Lieu of Dividends and Distributions		561			133			561			279			1,808			1,951			20			4
Shares Redeemed		(2,368	)		(315	)		(2,053	)		(2,383	)		(11,097	)		(5,825	)		(2,321	)		(1,685	)
Total Increase (Decrease) in Net Assets Derived from Class Y Transactions		13,853			4,052			6,386			607			(2,163	)		7,262			318			1,680
Increase (Decrease) in Capital Shares		688			171			53,058			7,246			(43,482	)		28,247			11,858			9,181

	Tax-Free Conservative Income Fund⁽³⁾						Real Return Fund						Dynamic Asset Allocation Fund
	2017			2016			2017			2016			2017			2016
Class F⁽¹⁾:
Shares Issued		19,843			3,462			6,129			10,142			19,143			55,755
Shares Issued in Lieu of Dividends and Distributions		55			—			237			—			426			146
Shares Redeemed		(6,671	)		(366	)		(9,927	)		(8,049	)		(10,017	)		(10,242	)
Total Increase (Decrease) in Net Assets Derived from Class F Transactions		13,227			3,096			(3,561	)		2,093			9,552			45,659
Class Y:
Shares Issued		679			1,391			318			1,160			2,761			658


400		SEI Institutional Managed Trust / Annual Report / September 30, 2017



	Tax-Free Conservative Income Fund⁽³⁾						Real Return Fund						Dynamic Asset Allocation Fund
	2017			2016			2017			2016			2017			2016
Shares Issued in Lieu of Dividends and Distributions		2			2			21			–			50			21
Shares Redeemed		(1,696	)		–			(1,364	)		(897	)		(1,533	)		(1,227	)
Total Increase (Decrease) in Net Assets Derived from Class Y Transactions		(1,015	)		1,393			(1,025	)		263			1,278			(548	)
Increase (Decrease) in Capital Shares		12,212			4,489			(4,586	)		2,356			10,830			45,111

	Multi-Strategy Alternative Fund						Multi-Asset Accumulation Fund						Multi-Asset Income Fund
	2017			2016			2017			2016			2017			2016
Class F⁽¹⁾:
Shares Issued		11,399			18,039			76,710			57,375			31,215			21,092
Shares Issued in Lieu of Dividends and Distributions		33			1,326			14,780			5,289			2,058			2,952
Shares Redeemed		(20,503	)		(15,036	)		(46,268	)		(50,537	)		(19,427	)		(21,922	)
Total Increase (Decrease) in Net Assets Derived from Class F Transactions		(9,071	)		4,329			45,222			12,127			13,846			2,122
Class Y:
Shares Issued		389			539			7,282			2,864			7,563			6,970
Shares Issued in Lieu of Dividends and Distributions		–			–			1,661			620			460			393
Shares Redeemed		(50	)		(401	)		(4,916	)		(5,075	)		(1,951	)		(1,263	)
Total Increase (Decrease) in Net Assets Derived from Class Y Transactions		339			138			4,027			(1,591	)		6,072			6,100
Increase (Decrease) in Capital Shares		(8,732	)		4,467			49,249			10,536			19,918			8,222

	Multi-Asset Inflation Managed Fund						Multi-Asset Capital Stability Fund						Long/Short Alternative Fund
	2017			2016			2017			2016			2017			2016
Class F⁽¹⁾:
Shares Issued		24,770			36,085			21,139			25,115			–			–
Shares Issued in Lieu of Dividends and Distributions		992			463			363			531			–			–
Shares Redeemed		(41,920	)		(29,602	)		(18,664	)		(16,702	)		–			–
Total Increase (Decrease) in Net Assets Derived from Class F Transactions		(16,158	)		6,946			2,838			8,944			–			–
Class Y:
Shares Issued		1,775			2,485			814			1,248			–			–
Shares Issued in Lieu of Dividends and Distributions		99			69			41			58			–			–
Shares Redeemed		(3,963	)		(1,931	)		(1,020	)		(1,245	)		(1,115	)		–
Total Increase (Decrease) in Net Assets Derived from Class Y Transactions		(2,089	)		623			(165	)		61			(1,115	)		–
Increase (Decrease) in Capital Shares		(18,247	)		7,569			2,673			9,005			(1,115	)		–

(1) Effective January 31, 2017, Class A shares have converted to Class F shares of the same Fund.

(2) Includes redemptions as a result of transactions (See Note 13).

(3) Commenced operations on April 22, 2016.

(4) Commenced operations October 17, 2016.

N/A – Not applicable. Shares currently not offered.

Amounts designated as “–” are zero or have been rounded to zero.


SEI Institutional Managed Trust / Annual Report / September 30, 2017		401

Notes to Financial Statements/Consolidated Notes to Financial Statements (Continued)

September 30, 2017

8. INVESTMENT TRANSACTIONS

The cost of security purchases and proceeds from the sale of securities, other than temporary cash investments and futures, during the year ended September 30, 2017, were as follows:



	U.S. Gov’t ($ Thousands)		Other ($ Thousands)		Total ($ Thousands)

Large Cap Fund
Purchases	$	—	$	2,247,507	$	2,247,507
Sales		—		2,464,262		2,464,262
Large Cap Value Fund
Purchases		—		1,023,987		1,023,987
Sales		—		1,177,339		1,177,339
Large Cap Growth Fund
Purchases		—		1,321,268		1,321,268
Sales		—		1,490,434		1,490,434
Tax-Managed Large Cap Fund
Purchases		—		2,925,024		2,925,024
Sales		—		3,256,670		3,256,670
S&P 500 Index Fund
Purchases		—		175,254		175,254
Sales		—		149,252		149,252
Small Cap Fund
Purchases		—		823,688		823,688
Sales		—		809,356		809,356
Small Cap Value Fund
Purchases		—		528,794		528,794
Sales		—		534,786		534,786
Small Cap Growth Fund
Purchases		—		397,334		397,334
Sales		—		412,211		412,211
Tax-Managed Small/Mid Cap Fund
Purchases		—		1,427,231		1,427,231
Sales		—		1,317,863		1,317,863
Mid-Cap Fund
Purchases		—		123,040		123,040
Sales		—		114,517		114,517
U.S. Managed Volatility Fund
Purchases		—		764,411		764,411
Sales		—		946,518		946,518
Global Managed Volatility Fund⁽¹⁾
Purchases		—		1,196,942		1,196,942
Sales		—		879,943		879,943
Tax-Managed Managed Volatility Fund
Purchases		—		219,436		219,436
Sales		—		454,282		454,282
Tax-Managed International Managed Volatility Fund
Purchases		—		439,388		439,388
Sales		—		147,005		147,005
Real Estate Fund
Purchases		—		122,675		122,675
Sales		—		150,919		150,919
Enhanced Income Fund
Purchases		19,522		11,675		31,197
Sales		23,553		69,376		92,929
Core Fixed Income Fund
Purchases		6,463,680		1,781,639		8,245,319
Sales		6,402,836		1,689,498		8,092,334



	U.S. Gov’t ($ Thousands)		Other ($ Thousands)		Total ($ Thousands)

U.S. Fixed Income Fund
Purchases	$	6,453,412	$	2,110,404	$	8,563,816
Sales		6,031,324		1,899,054		7,930,378
High Yield Bond Fund
Purchases		—		861,648		861,648
Sales		—		1,170,212		1,170,212
Real Return Fund
Purchases		139,105		—		139,105
Sales		187,235		—		187,235
Dynamic Asset Allocation Fund
Purchases		—		146,065		146,065
Sales		—		20,675		20,675
Multi-Strategy Alternative Fund
Purchases		19,583		92,223		111,806
Sales		8,935		214,766		223,701
Multi-Asset Accumulation Fund
Purchases		352,509		316,155		668,664
Sales		310,527		250,179		560,706
Multi-Asset Income Fund
Purchases		81,624		376,180		457,804
Sales		90,578		297,823		388,401
Multi-Asset Inflation Managed Fund
Purchases		251,088		350,631		601,719
Sales		334,794		509,231		844,025
Multi-Asset Capital Stability Fund
Purchases		402,227		3,820		406,047
Sales		288,514		20,761		309,275
Long/Short Alternative Fund
Purchases		—		3,372		3,372
Sales		—		3,732		3,732

(1) Includes 17a-7 related party transactions of $ 182,693 ($ Thousands).

9. FEDERAL TAX INFORMATION

It is each Fund’s intention to continue to qualify as a regulated investment company under Subchapter M of The Internal Revenue Code and distribute all of its taxable income (including net capital gains). Accordingly, no provision for Federal income taxes is required.

The Multi-Asset Accumulation and Multi-Asset Inflation Managed Funds have each requested private letter rulings from the Internal Revenue Service (“IRS”) concluding that the income generated from their investment in their respective Subsidiaries, each of which invests in commodity-linked derivatives, will be “qualifying income” for regulated investment company (“RIC”) qualification purposes, regardless of whether actual distributions are made to the Funds by the respective Subsidiary.

In July 2011, the IRS suspended the issuance of private letter rulings regarding the investment by RICs into controlled foreign corporations which principally invest in commodities, such as the Subsidiaries, indicating that it was reconsidering its policies surrounding the issuance of these rulings. The IRS subsequently stated that it intends to issue public guidance regarding


402		SEI Institutional Managed Trust / Annual Report / September 30, 2017

the use of controlled foreign corporations by RICs to indirectly invest in commodities. It is unclear whether this guidance will continue to permit or somehow restrict the distributions from controlled foreign corporations to be treated as “qualifying income” for purposes of the RIC qualification rules. As a result, there can be no assurance that the IRS will grant the private letter ruling requested by the Funds. The IRS, however, has informally indicated that any guidance regarding the treatment of distributions from controlled foreign corporations will be prospective in application and provide for transition periods for affected RICs. While the private letter ruling request is pending with the IRS, the Multi-Asset Accumulation and Multi-Asset Inflation Managed Funds have secured an opinion of counsel based on customary representations that actual distributions made to the Funds should be treated as “qualifying income.” If the IRS does issue public guidance that results in an adverse determination relating to the treatment of income and gain to the Funds from controlled foreign corporations such as the Subsidiaries, the Funds would likely need to significantly change their investment strategies, which could adversely affect such Funds.

The Real Estate Fund has a tax year that ends on December 31. The following tax disclosures are representative as of September 30, 2017, except for the permanent reclassification and tax character of distributions, which are as of December 31, 2016. Accordingly, the disclosures are for informational use by shareholders and are subject to change attributable to activity through the end of the tax year-ending December 31, 2017.

Dividends from net investment income and distributions from net realized capital gains are determined in accordance with U.S. Federal income tax regulations, which may differ from those amounts determined under U.S. GAAP. These book/tax differences are either temporary or permanent in nature. To the extent these differences are permanent, they are charged or credited to paid-in capital, undistributed net investment income or accumulated net realized gain, as appropriate, in the period that the differences arise.

Accordingly, the following permanent differences, primarily attributable to different treatment for gains and losses on paydowns of mortgage and asset-

backed securities for tax purposes, defaulted bond basis adjustments, reclassification of long term capital gain distributions on REIT securities, reclassification of income and expense from swap transactions, Treasury Inflation-Protected Securities and net operating losses, basis adjustments for investments in partnerships, and gains and losses on passive foreign investment companies, collateralized loan obligation basis adjustments, utilization of earnings and profits on shareholder redemptions, certain foreign currency related transactions, and non-taxable in-kind redemptions, have been reclassified to/from the following accounts as of September 30, 2017:



	Undistributed Net Investment Income (Loss) ($ Thousands)		Accumulated Realized Gain (Loss) ($Thousands)		Paid-in- Capital ($ Thousands)

Large Cap Fund	$	(31)	$	31	$	—
Large Cap Value Fund		(20)		20		—
Large Cap Growth Fund		46		(46)		—
Tax-Managed Large Cap Fund		142		(142)		—
S&P 500 Index Fund		213		(1,539)		1,326
Small Cap Fund		1,091		(1,091)		—
Small Cap Value Fund		151		(151)		—
Small Cap Growth Fund		675		(164)		(511)
Tax-Managed Small/Mid Cap Fund		750		(750)		—
Mid-Cap Fund		101		(101)		—
U.S. Managed Volatility Fund		513		(513)		—
Global Managed Volatility Fund		6,369		(34,700)		28,331
Tax-Managed Managed Volatility Fund		294		(294)		—
Tax-Managed International Managed Volatility Fund		196		(196)		—
Real Estate Fund		744		(744)		—
Enhanced Income Fund		173		31,662		(31,835)
Core Fixed Income Fund		3,734		(3,734)		—
U.S. Fixed Income Fund		964		(964)		—
High Yield Bond Fund		(8,670)		41,936		(33,266)
Dynamic Asset Allocation Fund		7,240		(7,240)		—
Multi-Strategy Alternative Fund		237		(882)		645
Multi-Asset Accumulation Fund		20,489		(20,489)		—
Multi-Asset Income Fund		(7,779)		7,779		—
Multi-Asset Inflation Managed Fund		371		(371)		—
Multi-Asset Capital Stability Fund		6,298		(6,298)		—
Long/Short Alternative Fund		48		(48)		—

These reclassifications have no impact on net assets or net asset value per share.


SEI Institutional Managed Trust / Annual Report / September 30, 2017		403

Notes to Financial Statements/Consolidated Notes to Financial Statements (Continued)

September 30, 2017

The tax character of dividends and distributions paid during the fiscal years or periods ended September 30, 2017 or September 30, 2016 (unless otherwise indicated) was as follows:


		Ordinary Income ($ Thousands)		Long-term Capital Gain ($ Thousands)		Return of Capital ($ Thousands)		Tax Exempt Income ($ Thousands)		Total ($ Thousands)

Large Cap Fund
	2017	$	21,285	$	—	$	—	$	—	$ 21,285
	2016		24,693		394,357		—		—	419,050
Large Cap Value Fund
	2017		19,081		—		—		—	19,081
	2016		18,803		171,778		—		—	190,581
Large Cap Growth Fund
	2017		1,999		—		—		—	1,999
	2016		462		248,531		—		—	248,993
Tax-Managed Large Cap Fund
	2017		28,591		—		—		—	28,591
	2016		31,981		—		—		—	31,981
S&P 500 Index Fund
	2017		13,125		19,199		—		—	32,324
	2016		11,761		385		—		—	12,146
Small Cap Fund
	2017		886		—		—		—	886
	2016		4,317		52,901		—		—	57,218
Small Cap Value Fund
	2017		2,158		—		—		—	2,158
	2016		2,663		23,325		—		—	25,988
Tax-Managed Small/Mid Cap Fund
	2017		2,538		547		—		—	3,085
	2016		2,147		—		—		—	2,147
Mid-Cap Fund
	2017		1,020		358		—		—	1,378
	2016		4,049		11,727		—		—	15,776
U.S. Managed Volatility Fund
	2017		25,245		45,837		—		—	71,082
	2016		27,826		64,868		—		—	92,694
Global Managed Volatility Fund
	2017		50,137		63,082		—		—	113,219
	2016		126,506		31,427		—		—	157,933
Tax-Managed Managed Volatility Fund
	2017		16,338		26,042		—		—	42,380
	2016		15,646		37,946		—		—	53,592
Tax-Managed International Managed Volatility Fund
	2017		77		28		—		—	105
Real Estate Fund
	2017		7,755		13,759		—		—	21,514
	2016		2,448		14,938		—		—	17,386
Enhanced Income Fund
	2017		2,547		—		—		—	2,547
	2016		4,378		—		—		—	4,378
Core Fixed Income Fund
	2017		81,841		7,985		—		—	89,826
	2016		71,418		—		—		—	71,418
U.S. Fixed Income Fund
	2017		56,429		2,610		—		—	59,039
	2016		35,096		953		—		—	36,049
High Yield Bond Fund
	2017		118,605		—		—		—	118,605


404		SEI Institutional Managed Trust / Annual Report / September 30, 2017



		Ordinary Income ($ Thousands)		Long-term Capital Gain ($ Thousands)		Return of Capital ($ Thousands)		Tax Exempt Income ($ Thousands)		Total ($ Thousands)

	2016	$	131,758	$	—	$	—	$	—	$ 131,758
Conservative Income Fund
	2017		1,777		—		—		—	1,777
	2016		117		—		—		—	117
Tax-Free Conservative Income Fund
	2017		1		—		—		767	768
	2016		—		—		—		57	57
Real Return Fund
	2017		2,688		—		406		—	3,094
	2016		—		—		—		—	—
Dynamic Asset Allocation Fund
	2017		5,476		—		—		—	5,476
	2016		1,748		—		—		—	1,748
Multi-Strategy Alternative Fund
	2017		366		—		—		—	366
	2016		8,684		5,487		—		—	14,171
Multi-Asset Accumulation Fund
	2017		104,451		61,492		—		—	165,943
	2016		36,119		22,009		—		—	58,128
Multi-Asset Income Fund
	2017		31,837		—		—		—	31,837
	2016		39,477		2,065		—		—	41,542
Multi-Asset Inflation Managed Fund
	2017		10,449		—		—		—	10,449
	2016		5,117		—		—		—	5,117
Multi-Asset Capital Stability Fund
	2017		3,419		1,622		—		—	5,041
	2016		5,061		2,301		—		—	7,362
Long/Short Alternative Fund
	2017		—		—		1		—	1
	2016		—		—		—		—	—

As of September 30, 2017, the components of Distributable Earnings/(Accumulated Losses) were as follows:



	Undistributed Ordinary Income ($ Thousands)		Undistributed Long-Term Capital Gain ($ Thousands)		Undistributed Tax-Exempt Income ($ Thousands)		Capital Loss Carryforwards ($ Thousands)		Post- October Losses ($ Thousands)		Late Year Ordinary Losses ($ Thousands)		Unrealized Appreciation (Depreciation) ($ Thousands)		Other Temporary Differences ($ Thousands)		Total Distributable Earnings (Accumulated Losses) ($ Thousands)

Large Cap Fund	$	5,449	$	153,420	$	—	$	—	$	—	$	—	$	513,683	$	(7)	$	672,545
Large Cap Value Fund		9,855		48,046		—		—		—		—		260,564		(1)		318,464
Large Cap Growth Fund		2,314		103,765		—		—		—		—		371,064		(1)		477,142
Tax-Managed Large Cap Fund		7,371		46,086		—		—		—		—		1,547,937		—		1,601,394
S&P 500 Index Fund		4,850		4,820		—		—		—		—		421,987		—		431,657
Small Cap Fund		5,463		37,356		—		—		—		—		73,158		—		115,977
Small Cap Value Fund		1,835		26,056		—		—		—		—		63,361		(3)		91,249
Small Cap Growth Fund		—		—		—		(2,742)		—		(1,725)		48,087		—		43,620
Tax-Managed Small/Mid Cap Fund		—		10,708		—		—		—		—		299,369		—		310,077
Mid-Cap Fund		3,593		4,291		—		—		—		—		13,759		(13)		21,630
U.S. Managed Volatility Fund		27,184		99,335		—		—		—		—		251,744		—		378,263
Global Managed Volatility Fund		9,800		71,561		—		—		—		—		199,400		2		280,763
Tax-Managed Managed Volatility Fund		3,851		27,412		—		—		—		—		317,054		(2)		348,315
Tax-Managed International Managed Volatility Fund		8,887		—		—		—		(6,537)		—		42,623		—		44,973
Real Estate Fund		—		6,406		—		—		—		—		28,379		(4)		34,781


SEI Institutional Managed Trust / Annual Report / September 30, 2017		405

Notes to Financial Statements/Consolidated Notes to Financial Statements (Continued)

September 30, 2017



	Undistributed Ordinary Income ($ Thousands)		Undistributed Long-Term Capital Gain ($ Thousands)		Undistributed Tax-Exempt Income ($ Thousands)		Capital Loss Carryforwards ($ Thousands)		Post- October Losses ($ Thousands)		Late Year Ordinary Losses ($ Thousands)		Unrealized Appreciation (Depreciation) ($ Thousands)		Other Temporary Differences ($ Thousands)		Total Distributable Earnings (Accumulated Losses) ($ Thousands)

Enhanced Income Fund	$	413	$	—	$	—	$	(92,550)	$	(580)	$	—	$	(718)	$	3	$	(93,432)
Core Fixed Income Fund		1,441		—		—		(5,483)		(9,701)		—		13,144		(9,297)		(9,896)
U.S. Fixed Income Fund		3,338		—		—		(3,505)		(10,942)		—		10,297		(6,423)		(7,235)
High Yield Bond Fund		21,960		—		—		(64,811)		—		—		(44,867)		(8,625)		(96,343)
Conservative Income Fund		194		—		—		—		—		—		33		(191)		36
Tax-Free Conservative Income Fund		—		—		13		—		—		—		(6)		(18)		(11)
Real Return Fund		—		—		—		(2,504)		(764)		—		(141)		(725)		(4,134)
Dynamic Asset Allocation Fund		12,833		—		—		—		—		—		133,621		2		146,456
Multi-Strategy Alternative Fund		9,648		—		—		—		—		—		1,425		(1,403)		9,670
Multi-Asset Accumulation Fund		31,672		67,595		—		—		—		—		(123,311)		(8,305)		(32,349)
Multi-Asset Income Fund		8,323		2,671		—		—		—		—		17,774		(4,936)		23,832
Multi-Asset Inflation Managed Fund		8,696		—		—		(25,118)		—		—		(100,192)		(1,847)		(118,461)
Multi-Asset Capital Stability Fund		17,953		5,031		—		—		—		—		(8,472)		(857)		13,655
Long/Short Alternative Fund		1,107		1,834		—		—		—		—		40		—		2,981

Post October losses represent losses realized on investment transactions from November 1, 2016 through September 30, 2017 that, in accordance with Federal income tax regulations, the Funds may defer and treat as having arisen in the following fiscal year. Deferred Late-Year Losses represent ordinary losses realized on

investment transactions from January 1, 2017 through September 30, 2017 and specified losses realized on investment transactions from November 1, 2016 through September 30, 2017, that, in accordance with Federal income tax regulations, the Fund defers and treats as having arisen in the following fiscal year.

For Federal income tax purposes, capital loss carryforwards may be carried forward and applied against future capital gains as follows:



	Expires 2020 ($ Thousands)		Expires 2019 ($ Thousands)		Expires 2018 ($ Thousands)		Expires 2017 ($ Thousands)		Expires 2016 ($ Thousands)		Total Capital Loss Carryforwards ($ Thousands)

Small Cap Growth Fund	$	—	$	—	$	2,742	$	—	$	—	$	2,742
Enhanced Income Fund		—		26,775		61,656		—		—		88,431
High Yield Bond Fund		—		—		3,087		—		—		3,087

Under the Regulated Investment Company Modernization Act of 2010, Funds will be permitted to carry forward capital losses incurred in taxable years beginning after December 22, 2010 for an unlimited period. However, any losses incurred during those future taxable years are required to be utilized prior to the losses incurred in pre-enactment taxable years. As a result of this ordering rule, pre-enactment capital loss carryforwards are more likely to expire unused. Additionally, post-enactment capital losses that are carried forward will retain their character as either short-term or long-term capital losses rather than being considered all short-term as under previous law. Losses carried forward under these new provisions are as follows:


	Short-Term Loss ($ Thousands)		Long-Term Loss ($ Thousands)		Total * ($ Thousands)
Enhanced Income Fund	$	–	$	4,120	$	4,120
Core Fixed Income Fund		1,748		3,735		5,483
U.S. Fixed Income Fund		38		3,467		3,505
High Yield Bond Fund		–		61,724		61,724
Real Return Fund		456		2,048		2,504
Multi-Asset Inflation Managed Fund		25,118		–		25,118

*	This table should be used in conjunction with the capital loss carryforwards table.


406		SEI Institutional Managed Trust / Annual Report / September 30, 2017

During the fiscal year ended September 30, 2017, the following Funds utilized capital loss carryforward to offset capital gains:



		Amount Utilized ($ Thousands)

Large Cap Value		$ 3,230
Large Cap Growth		61,171
Tax-Managed Large Cap Fund		135,372
Small Cap Fund		6,430
Small Cap Growth Fund		25,485
Tax-Managed Small/Mid Cap Fund		1,073
High Yield Bond Fund		46,434
Real Return Fund		464
Dynamic Asset Allocation Fund		1,756
Multi-Strategy Alternative Fund		1,398
Multi-Asset Income Fund		6,235
Multi-Asset Inflation Managed Fund		739
Long/Short Alternative Fund		93

For Federal income tax purposes, the cost of securities owned at September 30, 2017, and the net realized gains or losses on securities sold for the period, were different from amounts reported for financial reporting purposes primarily due to investments in partnerships that captures losses from other securities, and wash sales which cannot be used for Federal income tax purposes in the current year and have been deferred for use in future years. The Federal tax cost and aggregate gross unrealized appreciation and depreciation on total investments held by the Funds at September 30, 2017, were as follows:



	Federal Tax Cost ($ Thousands)		Appreciated Securities ($ Thousands)		Depreciated Securities ($ Thousands)		Net Unrealized Appreciation (Depreciation) ($ Thousands)

Large Cap Fund	$	2,044,476	$	550,201	$	(36,519)	$	513,682
Large Cap Value Fund		1,130,133		309,746		(49,193)		260,553
Large Cap Growth Fund		1,120,261		388,331		(17,265)		371,066
Tax-Managed Large Cap Fund		2,193,084		1,577,186		(29,249)		1,547,937
S&P 500 Index Fund		387,162		432,535		(10,547)		421,988
Small Cap Fund		635,006		100,307		(27,149)		73,158
Small Cap Value Fund		353,840		78,080		(14,719)		63,361
Small Cap Growth Fund		319,641		63,399		(15,312)		48,087
Tax-Managed Small/Mid Cap Fund		637,470		300,611		(1,242)		299,369
Mid-Cap Fund		102,626		17,248		(3,489)		13,759
U.S. Managed Volatility Fund		1,348,062		291,554		(39,809)		251,745
Global Managed Volatility Fund		1,273,709		219,715		(20,315)		199,400
Tax-Managed Managed Volatility Fund		747,352		322,383		(5,329)		317,054
Tax-Managed International Managed Volatility Fund		313,259		46,614		(3,992)		42,622
Real Estate Fund		146,505		36,593		(8,215)		28,378



	Federal Tax Cost ($ Thousands)		Appreciated Securities ($ Thousands)		Depreciated Securities ($ Thousands)		Net Unrealized Appreciation (Depreciation) ($ Thousands)

Enhanced Income Fund	$	75,276	$	564	$	(1,281)	$	(717)
Core Fixed Income Fund		2,411,820		47,433		(34,289)		13,144
U.S. Fixed Income Fund		2,134,956		22,363		(12,096)		10,267
High Yield Bond Fund		1,699,353		87,504		(132,370)		(44,866)
Conservative Income Fund		210,431		44		(11)		33
Tax-Free Conservative Income Fund		167,274		2		(8)		(6)
Real Return Fund		270,506		2,285		(2,427)		(142)
Dynamic Asset Allocation Fund		637,661		151,025		(17,404)		133,621
Multi-Strategy Alternative Fund		490,660		15,540		(14,110)		1,430
Multi-Asset Accumulation Fund		5,359,193		80,164		(203,462)		(123,298)
Multi-Asset Income Fund		1,055,689		39,575		(21,810)		17,765
Multi-Asset Inflation Managed Fund		969,404		19,564		(119,731)		(100,167)
Multi-Asset Capital Stability Fund		769,143		835		(9,306)		(8,471)
Long/Short Alternative Fund		38,229		45		(5)		40

Management has analyzed the Funds’ tax positions taken on federal income tax returns for all open tax years and has concluded that as of September 30, 2017, no provision for income tax would be required in the Funds’ financial statements. The Funds’ federal and state income and federal excise tax returns for tax years for which the applicable statutes of limitations have not expired are subject to examination by the Internal Revenue Service and state departments of revenue.

10. SECURITIES LENDING

Each Fund may lend portfolio securities to brokers, dealers and other financial organizations that meet capital and other credit requirements or other criteria established by the Trust’s Board of Trustees. These loans may not exceed 33 1/3% of the total asset value of the Fund (including the loan collateral). No Fund will lend portfolio securities to its Adviser, sub-adviser or their affiliates unless it has applied for and received specific authority to do so from the SEC. Loans of portfolio securities will be fully collateralized by cash, letters of credit or U.S. Government securities. Collateral will be maintained in an amount equal to at least 100% of the current market value of the loaned securities by marking to market daily, although the borrower will be required to deliver collateral between 102% and 105% of the market value of borrowed securities for domestic and foreign securities, respectively. However, due to market fluctuations during the day, the value of securities loaned on a particular day may, during the course of the day, exceed the value of collateral. On each business day,


SEI Institutional Managed Trust / Annual Report / September 30, 2017		407

Notes to Financial Statements/Consolidated Notes to Financial Statements (Continued)

September 30, 2017

the amount of collateral is adjusted based on the prior day’s market fluctuations and the current day’s lending activity. Income from lending activity is determined by the amount of interest earned on collateral, less any amounts payable to the borrowers of the securities and the lending agent. Lending securities involves certain risks, including the risk that the Fund may be delayed or restricted from recovering the loomed securities or disposing of the collateral for the loan, which could give rise to loss because at adverse market actions expenses and/ or delays in connection with the disposition of the underlying securities.

Cash collateral received in connection with securities lending is invested in eligible securities by the lending agent. These investments may include the SEI Liquidity Fund L.P. (“Liquidity Fund”), and the Fund bears its pro rate portion at the Liquidity Fund’s expenses and is subject to the risk of loss in the underlying investments & Liquidity Fund losses on such investment. There is no guarantee that these investments will not lose value.

The following is a summary of securities lending agreements held by certain Funds which would be subject to offset as of September 30, 2017 ($ Thousands):


	Securities Loaned at Value		Cash Collateral Received ⁽¹⁾		Net Amount
Large Cap Fund		$26,596		$26,596		$–
Large Cap Value Fund		29,863		29,863		–
Large Cap Growth Fund		18,513		18,513		–
Tax-Managed Large Cap Fund		36,073		36,073		–
S&P 500 Index Fund		3,681		3,681		–
Small Cap Fund		59,669		59,669		–
Small Cap Value Fund		32,558		32,558		–
Small Cap Growth Fund		27,115		27,115		–
Tax-Managed Small/Mid Cap Fund		75,724		75,724		–
Mid-Cap Fund		52		52		–
Core Fixed Income Fund		134,251		134,251		–
U.S. Fixed Income Fund		103,091		103,091		–
High Yield Bond Fund		1		1		–

(1)	Excess collateral received in connection with the above securities lending transactions is not shown for financial reporting purposes. See each Fund’s Summary Schedule of Investments or Schedule of Investments for the total collateral received.

11. CONCENTRATION/RISKS

In the normal course of business, the Trust enters into contracts that provide general indemnifications by the Trust to the counterparty to the contract. The Trust’s maximum exposure under these arrangements is dependent on future claims that may be made against the Trust and, therefore, cannot be estimated; however, Management believes that, based on experience, the risk of loss from such claims is considered remote.

The following descriptions provide additional information about some of the risks of investing in the Funds:

Asset-Backed Securities Risk — Payment of principal and interest on asset-backed securities is dependent largely on the cash flows generated by the assets backing the securities, and asset-backed securities may not have the benefit of any security interest in the related assets.

Bank Loans Risk—With respect to bank loans, the Fund will assume the credit risk of both the borrower and the lender that is selling the participation. The Fund may also have difficulty disposing of bank loans because, in certain cases, the market for such instruments is not highly liquid.

Commodity Risk — The value of commodity-linked derivative securities may be affected by a variety of factors, including, but not limited to, overall market movements and other factors affecting the value of particular industries or commodities, such as weather, disease, embargoes, acts of war or terrorism or political and regulatory developments. The prices of commodity-linked derivative securities may move in different directions than investments in traditional equity and debt securities when the value of those traditional securities is declining due to adverse economic conditions.

Credit Risk — The risk that the issuer of a security or the counterparty to a contract will default or otherwise become unable to honor a financial obligation.

Currency Risk — Due to a Fund’s active positions in currencies, it will be subject to the risk that currency exchange rates may fluctuate in response to, among other things, changes in interest rates, intervention or failure to intervene) by U.S. or foreign governments, central banks or supranational entities, or by the imposition of currency controls or other political developments in the United States or abroad.

Fixed Income Market Risk — The prices of a Fund’s fixed income securities respond to economic developments, particularly interest rate changes, as well as to perceptions about the creditworthiness of individual issuers, including governments and their agencies. Generally, the Fund’s fixed income securities will decrease in value if interest rates rise and vice versa. In the case of foreign securities, price fluctuations will reflect international economic and political events, as well as changes in currency valuations relative to the U.S. dollar.

Foreign Investment/Emerging Markets Risk — The risk that non-U.S. securities may be subject to additional risks due to, among other things, political, social and economic developments abroad, currency movements, and different legal, regulatory and tax environments.


408		SEI Institutional Managed Trust / Annual Report / September 30, 2017

These additional risks may be heightened with respect to emerging market countries since political turmoil and rapid changes in economic conditions are more likely to occur in these countries.

Interest Rate Risk — The risk that a rise in interest rates will cause a fall in the value of fixed income securities, including U.S. Government Securities, in which the Fund invests. Although U.S. Government securities are considered to be among the safest investments, they are not guaranteed against price movements due to changing interest rates. A low interest rate environment may present greater interest rate risk, because there may be a greater likelihood of rates increasing and rates may increase more rapidly.

Leverage Risk — Certain Fund transactions, such as derivatives or reverse repurchase agreements, may give rise to a form of leverage. The use of leverage can amplify the effects of market volatility on the Funds’ share price and make the Funds’ returns more volatile. This is because leverage tends to exaggerate the effect of any increase or decrease in the value of the Funds’ portfolio securities. The use of leverage may also cause the Funds to liquidate portfolio positions when it would not be advantageous to do so in order to satisfy its obligations.

Mortgage-Backed Securities Risk — Mortgage-backed securities are affected by, among other things, interest rate changes and the possibility of prepayment of the underlying mortgage loans. Mortgage-backed securities are also subject to the risk that underlying borrowers will be unable to meet their obligations.

The foregoing is not intended to be a complete discussion of the risks associated with investing in a Fund. Please review each Fund’s current prospectus for additional disclosures regarding the principal risks associated with investing in a Fund.

12. CONCENTRATION OF SHAREHOLDERS

SEI Private Trust Company (“SPTC”) and SIMC are subsidiaries of SEI Investments Company. As of, September 30, 2017, SPTC held of record the following percentage of outstanding shares of each Fund:



Fund	% held

Large Cap Fund
Class F		98.29%
Class Y		12.96
Large Cap Value Fund
Class F		94.88%
Class I		17.07
Class Y		99.52



Fund	% held

Large Cap Growth Fund
Class F		94.93%
Class I		22.16
Class Y		99.15
Tax-Managed Large Cap Fund
Class F		90.46%
Class Y		48.02
S&P 500 Index Fund
Class F		87.38%
Class E		9.00
Class I		42.01
Class Y		59.20
Small Cap Fund
Class F		98.22%
Class Y		20.65
Small Cap Value Fund
Class F		85.09%
Class I		10.26
Class Y		99.59
Small Cap Growth Fund
Class F		92.27%
Class I		12.43
Class Y		99.02
Tax-Managed Small/Mid Cap Fund
Class F		93.24%
Class Y		50.61
Mid-Cap Fund
Class F		83.74%
Class I		0.00
Class Y		64.02
U.S. Managed Volatility Fund
Class F		87.04%
Class I		0.00
Class Y		10.02
Global Managed Volatility Fund
Class F		89.97%
Class I		4.67
Class Y		30.58
Tax-Managed Managed Volatility Fund
Class F		89.68%
Class Y		74.97
Tax-Managed International Managed Volatility Fund
Class F		97.11%
Class Y		74.80
Real Estate Fund
Class F		91.04%
Class I		0.00
Class Y		45.95
Enhanced Income Fund
Class F		94.46%
Class I		0.00
Class Y		99.72


SEI Institutional Managed Trust / Annual Report / September 30, 2017		409

Notes to Financial Statements/Consolidated Notes to Financial Statements (Concluded)

September 30, 2017



Fund	% held

Core Fixed Income Fund
Class F		94.60%
Class I		38.53
Class Y		65.67
U.S. Fixed Income Fund
Class F		98.55%
Class Y		9.11
High Yield Bond Fund
Class F		95.69%
Class I		0.00
Class Y		40.04
Conservative Income Fund
Class F		98.11%
Class Y		15.36
Tax-Free Conservative Income Fund
Class F		99.12%
Class Y		61.22
Real Return Fund
Class F		98.26%
Class Y		19.71
Dynamic Asset Allocation Fund
Class F		96.61%
Class Y		4.87
Multi-Strategy Alternative Fund
Class F		98.02%
Class Y		43.46
Multi-Asset Accumulation Fund
Class F		98.53%
Class Y		3.14
Multi-Asset Income Fund
Class F		89.74%
Class Y		50.03
Multi-Asset Inflation Managed Fund
Class F		98.55%
Class Y		15.50
Multi-Asset Capital Stability Fund
Class F		98.74%
Class Y		4.21
Long/Short Alternative Fund
Class F		0.00%
Class Y		0.00

SPTC is not a direct service provider to the SEI Funds. However, SPTC performs a role in the comprehensive investment solution that SEI provides to investors. SPTC holds shares in the Funds as custodian for shareholders that are clients of independent registered investment advisers, financial planners, bank trust departments and other financial advisers. SPTC maintains omnibus accounts at the Fund’s transfer agent.

13. IN-KIND

TRANSACTIONS

During the fiscal year ended September 30, 2016, Global Managed Volatility Fund redeemed shares of beneficial interest in exchange for securities. The securities were redeemed at their current value on the date of the transaction.



Transaction Date	Shares Redeemed (Thousands)		Value ($ Thousands)		Cash ($ Thousands)		Loss ($ Thousands)

01/29/2016		80,677		$ 843,072		$ —		$ (24,125)

14. REGULATORY MATTERS

In October 2016, the U.S. Securities and Exchange Commission adopted new rules and amended existing rules (together, final rules) intended to modernize the reporting and disclosure of information by registered investment companies. In part, the final rules amended Regulation S-X and require standardized, enhanced disclosures about derivatives in investment company financial statements, as well as other amendments. As of August 1, 2017, management has implemented the amendments to Regulation S-X, which did not have a material impact on the Fund’s financial statements and related disclosures or impact the Fund’s net assets or results of operations.

15. SUBSEQUENT EVENTS

Management has evaluated the need for disclosures and/or adjustments resulting from subsequent events through the date the financial statements were issued. Based on this evaluation, no disclosures and/or adjustments were required to the financial statements as of September 30, 2017.


410		SEI Institutional Managed Trust / Annual Report / September 30, 2017

Report of Independent Registered Public Accounting Firm

The Board of Trustees and Shareholders

SEI Institutional Managed Trust:

We have audited the accompanying statements of assets and liabilities, including the schedules of investments and summary schedules of investments, of the Large Cap Fund, Large Cap Value Fund, Large Cap Growth Fund, Tax-Managed Large Cap Fund, S&P 500 Index Fund, Small Cap Fund, Small Cap Value Fund, Small Cap Growth Fund, Tax-Managed Small/Mid Cap Fund, Mid-Cap Fund, U.S. Managed Volatility Fund, Global Managed Volatility Fund, Tax-Managed Managed Volatility Fund, Tax-Managed International Managed Volatility Fund, Real Estate Fund, Enhanced Income Fund, Core Fixed Income Fund, U.S. Fixed Income Fund, High Yield Bond Fund, Conservative Income Fund, Tax-Free Conservative Income Fund, Real Return Fund, Dynamic Asset Allocation Fund, Multi-Strategy Alternative Fund, Multi-Asset Income Fund, Multi-Asset Capital Stability Fund, and the Long/Short Alternative Fund (twenty-seven of the twenty-nine funds comprising the SEI Institutional Managed Trust (the Trust)), as of September 30, 2017, and the related statements of operations for the year or period then ended, the statements of changes in net assets for each of the years or periods in the two-year period then ended, and the financial highlights for each of the years or periods in the five-year period then ended. We have also audited the accompanying consolidated statements of assets and liabilities, including the consolidated schedules of investments, of the Multi-Asset Accumulation Fund and the Multi-Asset Inflation Managed Fund (two of the twenty-nine funds comprising the Trust), as of September 30, 2017, and the related consolidated statements of operations for the year then ended, the consolidated statements of changes in net assets for each of the years in the two-year period then ended, the consolidated statement of cash flows for the year then ended for the Multi-Asset Inflation Managed Fund, and the consolidated financial highlights for each of the years or periods in the five-year period then ended. These financial statements and consolidated financial statements and financial highlights and consolidated financial highlights are the responsibility of the Trust’s management. Our responsibility is to express an opinion on these financial statements and consolidated financial statements and financial highlights and consolidated financial highlights based on our audits.

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and consolidated financial statements and financial highlights and consolidated financial highlights are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. Our procedures included confirmation of securities owned as of September 30, 2017, by correspondence with the custodians, transfer agent, and brokers or other appropriate auditing procedures. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements and consolidated financial statements and financial highlights and consolidated financial highlights referred to above present fairly, in all material respects, the financial position of each of the funds comprising SEI Institutional Managed Trust as of September 30, 2017, the results of their operations, the changes in their net assets, their cash flows, and the financial highlights for the years or periods described in the first paragraph, in conformity with U.S. generally accepted accounting principles.



Philadelphia, Pennsylvania
November 29, 2017


SEI Institutional Managed Trust / Annual Report / September 30, 2017		411

Trustees and Officers of the Trust (Unaudited)

The following chart lists Trustees and Officers as of September 30, 2017.

Set forth below are the names, addresses, ages, position with the Trust, Term of Office and Length of Time Served, the principal occupations for the last five years, number of positions in fund complex overseen by trustee, and other directorships outside the fund complex of each of the persons currently serving as Trustees and Officers of the Trust. The Trust’s Statement of Additional Information (“SAI”) includes additional information about the Trustees and Officers. The SAI may be obtained without charge by calling 1-800-342-5734.


Name, Address, and Age	Position(s) Held with Trusts	Term of Office and Length of Time Served¹	Principal Occupation(s) During Past Five Years	Number of Portfolios in Fund Complex Overseen by Trustee²	Other Directorships Held by Trustee
INTERESTED TRUSTEES
Robert A. Nesher One Freedom Valley Drive Oaks, PA 19456 70 yrs. old	Chairman of the Board of Trustees*	since 1995	Currently performs various services on behalf of SEI for which Mr. Nesher is compensated.	104	Vice Chairman of The Advisors’ Inner Circle Fund III, Winton Series Trust and Winton Diversified Opportunities Fund since 2014. Vice Chairman of Gallery Trust since 2015. President and Director of SEI Structured Credit Fund, LP. Director of SEI Global Master Fund plc, SEI Global Assets Fund plc, SEI Global Investments Fund plc, SEI Investments—Global Funds Services, Limited, SEI Investments Global, Limited, SEI Investments (Europe) Ltd., SEI Multi-Strategy Funds PLC, SEI Global Nominee Ltd and SEI Investments—Unit Trust Management (UK) Limited. Director and President of SEI Opportunity Fund, L.P. to 2010. President, Director and Chief Executive Officer of SEI Alpha Strategy Portfolios, LP from 2007 to 2013. Trustee of SEI Liquid Asset Trust from 1989 to 2016. Vice Chairman of O’Connor EQUUS (closed-end investment company) from 2014 to 2016. Vice Chairman of The Advisors’ Inner Circle Fund III, Winton Series Trust, Winton Diversified Opportunities Fund (closed-end investment company) and Gallery Trust. Trustee of The Advisors’ Inner Circle Fund, The Advisors’ Inner Circle Fund II, Bishop Street Funds, and the KP Funds. President, Chief Executive Officer and Trustee of SEI Asset Allocation Trust, SEI Daily Income Trust, SEI Institutional Managed Trust, SEI Institutional International Trust, SEI Institutional Investments Trust, SEI Tax Exempt Trust, SEI Insurance Products Trust, Adviser Managed Trust, The New Covenant Funds and SEI Catholic Values Trust.
William M. Doran One Freedom Valley Drive Oaks, PA 19456 76 yrs. old	Trustee*	since 1995	Self-employed consultant since 2003.Partner, Morgan, Lewis & Bockius LLP (law firm) from 1976 to 2003, counsel to the Trust, SEI, SIMC, the Administrator and the Distributor.	104	Director of SEI since 1974; Secretary of SEI since 1978. Director of SEI Investments Distribution Co. since 2003. Director of SEI Investments—Global Funds Services, Limited, SEI Investments Global, Limited, SEI Investments (Europe), Limited, SEI Investments (Asia) Limited, SEI Global Nominee Ltd. and SEI Investments—Unit Trust Management (UK) Limited. Trustee of SEI Liquid Asset Trust from 1982 to 2016. Trustee of O’Connor EQUUS from 2014 to 2016. Director of SEI Alpha Strategy Portfolios, LP from 2007 to 2013. Trustee of The Advisors’ Inner Circle Fund, The Advisors’ Inner Circle Fund II, The Advisors’ Inner Circle Fund III, Winton Series Trust, Winton Diversified Opportunities Fund, Gallery Trust, Bishop Street Funds, SEI Asset Allocation Trust, SEI Daily Income Trust, SEI Institutional Managed Trust, SEI Institutional International Trust, SEI Institutional Investments Trust, SEI Tax Exempt Trust, SEI Insurance Products Trust, Adviser Managed Trust, New Covenant Funds, The KP Funds and SEI Catholic Values Trust.
TRUSTEES
George J. Sullivan Jr. One Freedom Valley Drive, Oaks, PA 19456 74 yrs. old	Trustee	since 1996	Retired since January 2012. Self-Employed Consultant, Newfound Consultants Inc. April 1997-December 2011.	104	Member of the independent review committee for SEI’s Canadian-registered mutual funds. Director of SEI Opportunity Fund, L.P. to 2010. Director of SEI Alpha Strategy Portfolios, LP from 2007 to 2013. Trustee of SEI Liquid Asset Trust from 1996 to 2016. Trustee/Director of State Street Navigator Securities Lending Trust, The Advisors’ Inner Circle Fund, The Advisors’ Inner Circle Fund II, Bishop Street Funds, SEI Structured Credit Fund, LP, SEI Asset Allocation Trust, SEI Daily Income Trust, SEI Institutional Managed Trust, SEI Institutional International Trust, SEI Institutional Investments Trust, SEI Tax Exempt Trust, SEI Insurance Products Trust, Adviser Managed Trust, New Covenant Funds, The KP Funds and SEI Catholic Values Trust.

*	Messrs. Nesher and Doran are Trustees who may be deemed as “interested” persons of the Trust as that term is defined in the 1940 Act by virtue of their affiliation with SIMC and the Trust’s Distributor.

1	Each trustee shall hold office during the lifetime of this Trust until the election and qualification of his or her successor, or until he or she sooner dies, resigns or is removed in accordance with the Trust’s Declaration of Trust

The Fund Complex includes the following Trusts: SEI Asset Allocation Trust, SEI Daily Income Trust, SEI Institutional Investments Trust, Adviser Managed Trust, SEI Institutional International Trust, SEI Institutional Managed Trust, SEI Liquid Asset Trust, SEI Tax Exempt Trust, SEI Insurance Products Trust and New Covenant Funds.


412		SEI Institutional Managed Trust / Annual Report / September 30, 2017


Name Address, and Age	Position(s) Held with Trusts	Term of Office and Length of Time Served¹	Principal Occupation(s) During Past Five Years	Number of Portfolios in Fund Complex Overseen by Trustee²	Other Directorships Held by Trustee
TRUSTEES (continued)
Nina Lesavoy One Freedom Valley Drive, Oaks, PA 19456 57 yrs. old	Trustee	since 2003	Founder and Managing Director, Avec Capital (strategic fundraising firm) since 2008. Managing Director, Cue Capital (strategic fundraising firm) from March 2002-March 2008.	104	Director of SEI Opportunity Fund, L.P. to 2010. Director of SEI Alpha Strategy Portfolios, LP from 2007 to 2013. Trustee of SEI Liquid Asset Trust from 2003 to 2016. Trustee/Director of SEI Structured Credit Fund, L.P., SEI Asset Allocation Trust, SEI Daily Income Trust, SEI Institutional Managed Trust, SEI Institutional International Trust, SEI Institutional Investments Trust, SEI Tax Exempt Trust, SEI Insurance Products Trust, Adviser Managed Trust and SEI Catholic Values Trust.
James M. Williams One Freedom Valley Drive, Oaks, PA 19456 69 yrs. old	Trustee	since 2004	Vice President and Chief Investment Officer, J. Paul Getty Trust, Non-Profit Foundation for Visual Arts, since December 2002. President, Harbor Capital Advisors and Harbor Mutual Funds, 2000-2002. Director of SEI Alpha Strategy Portfolios, L.P. from 2007 to 2013. Manager, Pension Asset Management, Ford Motor Company, 1997-1999.	104	Director of SEI Opportunity Fund, L.P. to 2010. Director of SEI Alpha Strategy Portfolios, LP from 2007 to 2013, Trustee of SEI Liquid Asset Trust from 2004 to 2016. Trustee/Director of Ariel Mutual Funds, SEI Structured Credit Fund, LP, SEI Asset Allocation Trust, SEI Daily Income Trust, SEI Institutional Managed Trust, SEI Institutional International Trust, SEI Institutional Investments Trust, SEI Tax Exempt Trust, SEI Insurance Products Trust, Adviser Managed Trust and SEI Catholic Values Trust.
Mitchell A. Johnson One Freedom Valley Drive, Oaks, PA 19456 74 yrs. old	Trustee	since 2007	Private Investor since 1994.	104	Director, Federal Agricultural Mortgage Corporation (Farmer Mac) since 1997. Director of SEI Alpha Strategy Portfolios, LP from 2007 to 2013. Trustee of SEI Liquid Asset Trust from 2007 to 2016. Trustee of the Advisors’ Inner Circle Fund, The Advisors’ Inner Circle Fund II, SEI Asset Allocation Trust, SEI Daily Income Trust, SEI Institutional Managed Trust, SEI Institutional International Trust, SEI Institutional Investments Trust, SEI Tax Exempt Trust, SEI Insurance Products Trust, Adviser Managed Trust, The KP Funds and SEI Catholic Values Trust.
Hubert L. Harris, Jr. One Freedom Valley Drive, Oaks, PA 19456 73 yrs. old	Trustee	since 2008	Retired since December 2005. Owner of Harris Plantation, Inc. since 1995. Chief Executive Officer of Harris CAPM, a consulting asset and property management entity. Chief Executive Officer, INVESCO North America, August 2003-December 2005. Chief Executive Officer and Chair of the Board of Directors, AMVESCAP Retirement, Inc., January 1998- August 2003.	104	Director of AMVESCAP PLC from 1993-2004. Served as a director of a bank holding company, 2003-2009. Director, Aaron’s Inc., 2012-present. Chair of the Board of Trustees, Georgia Tech Foundation, Inc. (nonprofit corporation), 2007-2009, and member of the Executive Committee, 2003-2011; currently emeritus trustee. Member of the advisory board of the Georgia Tech Ivan Allen School of Liberal Arts and the Sam Nunn School of International Affairs, 2009-present. Member of the Board of Councilors of the Carter Center (nonprofit corporation). Director of SEI Alpha Strategy Portfolios, LP from 2008 to 2013. Trustee of SEI Asset Allocation Trust, SEI Daily Income Trust, SEI Institutional Managed Trust, SEI Institutional International Trust, SEI Institutional Investments Trust, SEI Tax Exempt Trust, SEI Insurance Products Trust, Adviser Managed Trust and SEI Catholic Values Trust.
Susan C. Cote One Freedom Valley Drive Oaks, PA 19456 61 years old	Trustee	since 2016	Retired since July 2015. Americas Director of Asset Management, Ernst & Young LLP from 2006-2013. Global Asset Management Assurance Leader, Ernst & Young LLP from 2006-2015. Partner Ernst & Young LLP from 1997-2015. Prudential, 1983-1997. Retirement Investment Committee-Treasurer and Chair of Finance, Investment and Audit Committee of the New York Women’s Foundation. Independent Consultant to SEI Liquid Asset Allocation Trust.	104	Trustee of SEI Tax Exempt Trust, SEI Daily Income Trust, SEI Institutional International Trust, SEI Institutional Managed Trust, SEI Asset Allocation Trust, SEI Institutional Investments Trust, SEI Insurance Products Trust, Adviser Managed Trust and SEI Catholic Values Trust.
OFFICERS
Robert A. Nesher One Freedom Valley Drive, Oaks, PA 19456 70 yrs. Old	President and CEO	since 2005	Currently performs various services on behalf of SEI for which Mr. Nesher is compensated.	N/A	N/A
James J. Hoffmayer One Freedom Valley Drive Oaks, PA 19456 43 yrs. old	Controller and Chief Financial Officer	since 2016	Senior Director, Funds Accounting and Fund Administration, SEI Investments Global Funds Services (since September 2016); Senior Director of Fund Administration, SEI Investments Global Funds Services (since October 2014). Director of Financial Reporting, SEI Investments Global Funds Services (November 2004 – October 2014).	N/A	N/A

1	Each trustee shall hold office during the lifetime of this Trust until the election and qualification of his or her successor, or until he or she sooner dies, resigns or is removed in accordance with the Trust’s Declaration of Trust.


SEI Institutional Managed Trust / Annual Report / September 30, 2017			413

Trustees and Officers of the Trust (Unaudited) (Concluded)


Name Address, and Age	Position(s) Held with Trusts	Term of Office and Length of Time Served¹	Principal Occupation(s) During Past Five Years	Number of Portfolios in Fund Complex Overseen by Trustee²	Other Directorships Held by Trustee
OFFICERS (continued)
Russell Emery One Freedom Valley Drive Oaks, PA 19456 53 yrs. old	Chief Compliance Officer	since 2006	Chief Compliance Officer of SEI Institutional Investments Trust, SEI Institutional Managed Trust, SEI Asset Allocation Trust, SEI Institutional International Trust, SEI Tax Exempt Trust, The Advisors’ Inner Circle Fund, The Advisors’ Inner Circle Fund II and Bishop Street Funds since March 2006. Chief Compliance Officer of SEI Liquid Asset Trust from 2006 to 2016. Chief Compliance Officer of SEI Structured Credit Fund, LP June 2007. Chief Compliance Officer of Adviser Managed Trust since December 2010. Chief Compliance Officer of SEI Alpha Strategy Portfolios, LP from 2007 to 2013. Chief Compliance Officer of SEI Insurance Products Trust and The KP Funds since 2013. Chief Compliance Officer of O’Connor EQUUS from 2014 to 2016. Chief Compliance Officer of The Advisors’ Inner Circle Fund III, Winton Series Trust and Winton Diversified Opportunities Fund since 2014. Chief Compliance Officer of SEI Catholic Values Trust and Gallery Trust since 2015.	N/A	N/A
Timothy D Barto One Freedom Valley Drive Oaks, PA 19456 48 yrs. old	Vice President and Secretary	since 2002	Vice President and Secretary of SEI Institutional Transfer Agent, Inc. since 2009. General Counsel and Secretary of SIMC and the Administrator since 2004. Vice President of SIMC and the Administrator since 1999. Vice President and Assistant Secretary of SEI since 2001.	N/A	N/A
Aaron Buser One Freedom Valley Drive, Oaks, PA 19456 45 yrs. old	Vice President and Assistant Secretary	since 2008	Vice President and Assistant Secretary of SEI Institutional Transfer Agent, Inc. since 2009. Vice President and Assistant Secretary of SIMC since 2007. Attorney Stark & Stark (law firm), March 2004-July 2007.	N/A	N/A
David F. McCann One Freedom Valley Drive, Oaks, PA 19456 40 yrs. old	Vice President and Assistant Secretary	since 2009	Vice President and Assistant Secretary of SEI Institutional Transfer Agent, Inc. since 2009. Vice President and Assistant Secretary of SIMC since 2008. Attorney, Drinker Biddle & Heath, LLP (law firm), May 2005 - October 2008.	N/A	N/A
Stephen G. MacRae One Freedom Valley Drive, Oaks, PA 19456 47 yrs. old	Vice President	since 2012	Director of Global Investment Product Management January 2004 - to present. Global Funds Services, March 2005 to June 2006.	N/A	N/A
Bridget E. Sudall One Freedom Valley Drive Oaks, PA 19456 36 yrs. old	Anti-Money Laundering Compliance Officer and Privacy Officer	since 2015	Anti-Money Laundering Compliance Officer and Privacy Officer (since 2015), Senior Associate and AML Officer, Morgan Stanley Alternative Investment Partners, April 2011-March 2015, Investor Services Team Lead, Morgan Stanley Alternative Investment Partners, July 2007-April 2011.	N/A	N/A

1	Each trustee shall hold office during the lifetime of this Trust until the election and qualification of his or her successor, or until he or she sooner dies, resigns or is removed in accordance with the Trust’s Declaration of Trust.


414		SEI Institutional Managed Trust / Annual Report / September 30, 2017

Disclosure of Fund Expenses (Unaudited)

September 30, 2017

All mutual funds have operating expenses. As a shareholder of a fund, your investment is affected by these ongoing costs, which include (among others) costs for portfolio management, administrative services, and shareholder reports like this one. It is important for you to understand the impact of these costs on your investment returns.

Operating expenses such as these are deducted from the fund’s gross income and directly reduce your final investment return. These expenses are expressed as a percentage of the fund’s average net assets; this percentage is known as the fund’s expense ratio.

The following examples use the expense ratio and are intended to help you understand the ongoing costs (in dollars) of investing in your fund and to compare these costs with those of other mutual funds. The examples are based on an investment of $1,000 made at the beginning of the period shown and held for the entire period.

The table on this page illustrates your fund’s costs in two ways:

•Actual fund return. This section helps you to estimate the actual expenses after fee waivers that your Fund incurred over the period. The “Expenses Paid During Period” column shows the actual dollar expense cost incurred by a $1,000 investment in the Fund, and the “Ending Account Value” number is derived from deducting that expense cost from the Fund’s gross investment return.

You can use this information, together with the actual amount you invested in the Fund, to estimate the expenses you paid over that period. Simply divide your actual account value by $1,000 to arrive at a ratio (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply that ratio by the number shown for your Fund under “Expenses Paid During Period.”

•Hypothetical 5% return. This section helps you compare your Fund’s costs with those of other mutual funds. It assumes that the fund had an annual 5% return before expenses during the year, but that the expense ratio (Column 3) for the period is unchanged. This example is useful in making comparisons because the Securities and Exchange Commission requires all mutual funds to make this 5% calculation. You can assess your Fund’s comparative cost by comparing the hypothetical result for your Fund in the “Expense Paid During Period” column with those that appear in the same charts in the shareholder reports for other funds.

NOTE: Because the return is set at 5% for comparison purposes — NOT your Fund’s actual return — the account values shown may not apply to your specific investment.


	Beginning Account Value 4/1/17		Ending Account Value 9/30/17		Annualized Expense Ratios			Expenses Paid During Period *
Large Cap Fund
Actual Fund Return
Class F Shares^†	$	1,000.00	$	1,083.60		0.89	%	$	4.65
Class Y Shares		1,000.00		1,085.70		0.64			3.35
Hypothetical 5% Return
Class F Shares^†	$	1,000.00	$	1,020.61		0.89	%	$	4.51
Class Y Shares		1,000.00		1,021.86		0.64			3.24
Large Cap Value Fund
Actual Fund Return
Class F Shares^†	$	1,000.00	$	1,058.60		0.89	%	$	4.59
Class I Shares		1,000.00		1,057.70		1.11			5.73
Class Y Shares		1,000.00		1,060.00		0.64			3.31
Hypothetical 5% Return
Class F Shares^†	$	1,000.00	$	1,020.61		0.89	%	$	4.51
Class I Shares		1,000.00		1,019.50		1.11			5.62
Class Y Shares		1,000.00		1,021.86		0.64			3.24


	Beginning Account Value 4/1/17		Ending Account Value 9/30/17		Annualized Expense Ratios			Expenses Paid During Period *
Large Cap Growth Fund
Actual Fund Return
Class F Shares^†	$	1,000.00	$	1,111.20		0.89	%	$	4.71
Class I Shares		1,000.00		1,110.30		1.11			5.87
Class Y Shares		1,000.00		1,112.80		0.64			3.39
Hypothetical 5% Return
Class F Shares^†	$	1,000.00	$	1,020.61		0.89	%	$	4.51
Class I Shares		1,000.00		1,019.50		1.11			5.62
Class Y Shares		1,000.00		1,021.86		0.64			3.24
Tax-Managed Large Cap Fund
Actual Fund Return
Class F Shares^†	$	1,000.00	$	1,076.40		0.90	%	$	4.68
Class Y Shares		1,000.00		1,077.80		0.65			3.39
Hypothetical 5% Return
Class F Shares^†	$	1,000.00	$	1,020.56		0.90	%	$	4.56
Class Y Shares		1,000.00		1,021.81		0.65			3.29


SEI Institutional Managed Trust / Annual Report / September 30, 2017			415

Disclosure of Fund Expenses (Unaudited) (Concluded)

September 30, 2017


	Beginning Account Value 4/1/17		Ending Account Value 9/30/17		Annualized Expense Ratios			Expenses Paid During Period *
S&P 500 Index Fund
Actual Fund Return
Class E Shares	$	1,000.00	$	1,075.80		0.25	%	$	1.30
Class F Shares^†		1,000.00		1,074.80		0.43			2.24
Class I Shares		1,000.00		1,073.60		0.65			3.38
Class Y Shares		1,000.00		1,075.60		0.25			1.30
Hypothetical 5% Return
Class E Shares	$	1,000.00	$	1,023.82		0.25	%	$	1.27
Class F Shares^†		1,000.00		1,022.91		0.43			2.18
Class I Shares		1,000.00		1,021.81		0.65			3.29
Class Y Shares		1,000.00		1,023.82		0.25			1.27
Small Cap Fund
Actual Fund Return
Class F Shares^†	$	1,000.00	$	1,050.80		1.14	%	$	5.86
Class Y Shares		1,000.00		1,052.20		0.89			4.58
Hypothetical 5% Return
Class F Shares^†	$	1,000.00	$	1,019.35		1.14	%	$	5.77
Class Y Shares		1,000.00		1,020.61		0.89			4.51
Small Cap Value Fund
Actual Fund Return
Class F Shares^†	$	1,000.00	$	1,045.00		1.14	%	$	5.84
Class I Shares		1,000.00		1,044.00		1.36			6.97
Class Y Shares		1,000.00		1,046.30		0.89			4.57
Hypothetical 5% Return
Class F Shares^†	$	1,000.00	$	1,019.35		1.14	%	$	5.77
Class I Shares		1,000.00		1,018.25		1.36			6.88
Class Y Shares		1,000.00		1,020.61		0.89			4.51
Small Cap Growth Fund
Actual Fund Return
Class F Shares^†	$	1,000.00	$	1,097.90		1.11	%	$	5.84
Class I Shares		1,000.00		1,096.70		1.36			7.15
Class Y Shares		1,000.00		1,099.50		0.87			4.58
Hypothetical 5% Return
Class F Shares^†	$	1,000.00	$	1,019.50		1.11	%	$	5.62
Class I Shares		1,000.00		1,018.25		1.36			6.88
Class Y Shares		1,000.00		1,020.71		0.87			4.41
Tax-Managed Small/Mid Cap Fund
Actual Fund Return
Class F Shares^†	$	1,000.00	$	1,068.40		1.12	%	$	5.81
Class Y Shares		1,000.00		1,069.40		0.90			4.67
Hypothetical 5% Return
Class F Shares†	$	1,000.00	$	1,019.45		1.12	%	$	5.67
Class Y Shares		1,000.00		1,020.56		0.90			4.56
Mid-Cap Fund
Actual Fund Return
Class F Shares^†	$	1,000.00	$	1,063.20		0.99	%	$	5.12
Class I Shares		1,000.00		1,062.00		1.22			6.31
Class Y Shares		1,000.00		1,064.50		0.75			3.88
Hypothetical 5% Return
Class F Shares^†	$	1,000.00	$	1,020.10		0.99	%	$	5.01
Class I Shares		1,000.00		1,018.95		1.22			6.17
Class Y Shares		1,000.00		1,021.31		0.75			3.80


	Beginning Account Value 4/1/17		Ending Account Value 9/30/17		Annualized Expense Ratios			Expenses Paid During Period *
U.S. Managed Volatility Fund
Actual Fund Return
Class F Shares^†	$	1,000.00	$	1,037.60		1.00	%	$	5.11
Class I Shares		1,000.00		1,036.90		1.25			6.38
Class Y Shares		1,000.00		1,039.00		0.75			3.83
Hypothetical 5% Return
Class F Shares^†	$	1,000.00	$	1,020.05		1.00	%	$	5.06
Class I Shares		1,000.00		1,018.80		1.25			6.33
Class Y Shares		1,000.00		1,021.31		0.75			3.80
Global Managed Volatility Fund
Actual Fund Return
Class F Shares^†	$	1,000.00	$	1,058.40		1.11	%	$	5.73
Class I Shares		1,000.00		1,056.80		1.36			7.01
Class Y Shares		1,000.00		1,059.10		0.86			4.44
Hypothetical 5% Return
Class F Shares^†	$	1,000.00	$	1,019.50		1.11	%	$	5.62
Class I Shares		1,000.00		1,018.25		1.36			6.88
Class Y Shares		1,000.00		1,020.76		0.86			4.36
Tax-Managed Managed Volatility Fund
Actual Fund Return
Class F Shares^†	$	1,000.00	$	1,045.10		1.00	%	$	5.13
Class Y Shares		1,000.00		1,045.70		0.75			3.85
Hypothetical 5% Return
Class F Shares†	$	1,000.00	$	1,020.05		1.00	%	$	5.06
Class Y Shares		1,000.00		1,021.31		0.75			3.80
Tax-Managed International Managed Volatility Fund
Actual Fund Return
Class F Shares^†	$	1,000.00	$	1,098.90		1.11	%	$	5.84
Class Y Shares		1,000.00		1,100.80		0.86			4.53
Hypothetical 5% Return
Class F Shares^†	$	1,000.00	$	1,019.50		1.11	%	$	5.62
Class Y Shares		1,000.00		1,020.76		0.86			4.36
Real Estate Fund
Actual Fund Return
Class F Shares^†	$	1,000.00	$	1,017.60		1.14	%	$	5.77
Class I Shares		1,000.00		1,016.50		1.36			6.87
Class Y Shares		1,000.00		1,019.00		0.89			4.50
Hypothetical 5% Return
Class F Shares^†	$	1,000.00	$	1,019.35		1.14	%	$	5.77
Class I Shares		1,000.00		1,018.25		1.36			6.88
Class Y Shares		1,000.00		1,020.61		0.89			4.51
Enhanced Income Fund
Actual Fund Return
Class F Shares^†	$	1,000.00	$	1,014.20		0.60	%	$	3.03
Class I Shares		1,000.00		1,011.70		0.85			4.29
Class Y Shares		1,000.00		1,013.60		0.46			2.32
Hypothetical 5% Return
Class F Shares^†	$	1,000.00	$	1,022.06		0.60	%	$	3.04
Class I Shares		1,000.00		1,020.81		0.85			4.31
Class Y Shares		1,000.00		1,022.76		0.46			2.33


416		SEI Institutional Managed Trust / Annual Report / September 30, 2017


	Beginning Account Value 4/1/17		Ending Account Value 9/30/17		Annualized Expense Ratios			Expenses Paid During Period *
Core Fixed Income Fund
Actual Fund Return
Class F Shares^†	$	1,000.00	$	1,027.10		0.67	%	$	3.40
Class I Shares		1,000.00		1,025.10		0.89			4.52
Class Y Shares		1,000.00		1,027.50		0.42			2.13
Hypothetical 5% Return
Class F Shares^†	$	1,000.00	$	1,021.71		0.67	%	$	3.40
Class I Shares		1,000.00		1,020.61		0.89			4.51
Class Y Shares		1,000.00		1,022.96		0.42			2.13
U.S. Fixed Income Fund
Actual Fund Return
Class F Shares^†	$	1,000.00	$	1,021.90		0.66	%	$	3.35
Class Y Shares		1,000.00		1,023.10		0.41			2.08
Hypothetical 5% Return
Class F Shares^†	$	1,000.00	$	1,021.76		0.66	%	$	3.35
Class Y Shares		1,000.00		1,023.01		0.41			2.08
High Yield Bond Fund
Actual Fund Return
Class F Shares^†	$	1,000.00	$	1,041.00		0.90	%	$	4.60
Class I Shares		1,000.00		1,038.80		1.12			5.72
Class Y Shares		1,000.00		1,042.30		0.65			3.33
Hypothetical 5% Return
Class F Shares^†	$	1,000.00	$	1,020.56		0.90	%	$	4.56
Class I Shares		1,000.00		1,019.45		1.12			5.67
Class Y Shares		1,000.00		1,021.81		0.65			3.29
Conservative Income Fund
Actual Fund Return
Class F Shares^†	$	1,000.00	$	1,005.10		0.30	%	$	1.51
Class Y Shares		1,000.00		1,005.70		0.20			1.01
Hypothetical 5% Return
Class F Shares^†	$	1,000.00	$	1,023.56		0.30	%	$	1.52
Class Y Shares		1,000.00		1,024.07		0.20			1.01
Tax-Free Conservative Income Fund
Actual Fund Return
Class F Shares^†	$	1,000.00	$	1,002.80		0.30	%	$	1.51
Class Y Shares		1,000.00		1,003.30		0.20			1.00
Hypothetical 5% Return
Class F Shares^†	$	1,000.00	$	1,023.56		0.30	%	$	1.52
Class Y Shares		1,000.00		1,024.07		0.20			1.01
Real Return Fund
Actual Fund Return
Class F Shares^†	$	1,000.00	$	997.30		0.45	%	$	2.25
Class Y Shares		1,000.00		998.10		0.35			1.75
Hypothetical 5% Return
Class F Shares^†	$	1,000.00	$	1,022.81		0.45	%	$	2.28
Class Y Shares		1,000.00		1,023.31		0.35			1.78
Dynamic Asset Allocation Fund
Actual Fund Return
Class F Shares^†	$	1,000.00	$	1,069.80		0.75	%	$	3.89
Class Y Shares		1,000.00		1,070.70		0.50			2.60
Hypothetical 5% Return
Class F Shares^†	$	1,000.00	$	1,021.31		0.75	%	$	3.80
Class Y Shares		1,000.00		1,022.56		0.50			2.54


	Beginning Account Value 4/1/17		Ending Account Value 9/30/17		Annualized Expense Ratios			Expenses Paid During Period *
Multi-Strategy Alternative Fund
Actual Fund Return
Class F Shares^†	$	1,000.00	$	1,025.40		1.22	%	$	6.19
Class Y Shares		1,000.00		1,026.40		0.96			4.88
Hypothetical 5% Return
Class F Shares^†	$	1,000.00	$	1,018.95		1.22	%	$	6.17
Class Y Shares		1,000.00		1,020.26		0.96			4.86
Multi-Asset Accumulation Fund
Actual Fund Return
Class F Shares^†	$	1,000.00	$	1,042.70		1.17	%	$	5.99
Class Y Shares		1,000.00		1,044.70		0.92			4.72
Hypothetical 5% Return
Class F Shares^†	$	1,000.00	$	1,019.20		1.17	%	$	5.92
Class Y Shares		1,000.00		1,020.46		0.92			4.66
Multi-Asset Income Fund
Actual Fund Return
Class F Shares^†	$	1,000.00	$	1,032.70		0.80	%	$	4.08
Class Y Shares		1,000.00		1,033.20		0.70			3.57
Hypothetical 5% Return
Class F Shares^†	$	1,000.00	$	1,021.06		0.80	%	$	4.05
Class Y Shares		1,000.00		1,021.56		0.70			3.55
Multi-Asset Inflation Managed Fund
Actual Fund Return
Class F Shares^†	$	1,000.00	$	990.70		1.16	%	$	5.79
Class Y Shares		1,000.00		991.90		0.90			4.49
Hypothetical 5% Return
Class F Shares^†	$	1,000.00	$	1,019.25		1.16	%	$	5.87
Class Y Shares		1,000.00		1,020.56		0.90			4.56
Multi-Asset Capital Stability Fund
Actual Fund Return
Class F Shares^†	$	1,000.00	$	1,014.90		0.62	%	$	3.13
Class Y Shares		1,000.00		1,014.80		0.52			2.63
Hypothetical 5% Return
Class F Shares^†	$	1,000.00	$	1,021.96		0.62	%	$	3.14
Class Y Shares		1,000.00		1,022.46		0.52			2.64
Long/Short Alternative Fund
Actual Fund Return
Class F Shares^†	$	1,000.00	$	1,043.10		1.15	%	$	5.89
Class Y Shares		1,000.00		1,043.90		0.90			4.61
Hypothetical 5% Return
Class F Shares^†	$	1,000.00	$	1,019.30		1.15	%	$	5.82
Class Y Shares		1,000.00		1,020.56		0.90			4.56

* Expenses are equal to the Fund’s annualized expense ratio multiplied by the average account value over the period, multiplied by 183/365 (to reflect the one-half year period shown).

^† See Note 1 in Notes to Financial Statements.


SEI Institutional Managed Trust / Annual Report / September 30, 2017			417

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Board of Trustees Considerations in Approving the Advisory and Sub-Advisory Agreements (Unaudited)

SEI Institutional Managed Trust (the “Trust”) and SEI Investments Management Corporation (“SIMC”) have entered into an investment advisory agreement (the “Advisory Agreement”). Pursuant to the Advisory Agreement, SIMC is responsible for the investment advisory services provided to the series of the Trust (the “Funds”). Pursuant to separate sub-advisory agreements with SIMC (the “Sub-Advisory Agreements” and, together with the Advisory Agreement, the “Investment Advisory Agreements”), and under the supervision of SIMC and the Trust’s Board of Trustees (the “Board”), the sub-advisers (each, a “Sub-Adviser” and collectively, the “Sub-Advisers”) provide security selection and certain other advisory services with respect to all or a discrete portion of the assets of the Funds. The Sub-Advisers are also responsible for managing their employees who provide services to the Funds. The Sub-Advisers are selected based primarily upon the research and recommendations of SIMC, which evaluates quantitatively and qualitatively the Sub-Advisers’ skills and investment results in managing assets for specific asset classes, investment styles and strategies.

The Investment Company Act of 1940, as amended (the “1940 Act”), requires that the initial approval of, as well as the continuation of, the Funds’ Investment Advisory Agreements be specifically approved: (i) by the vote of the Board or by a vote of the shareholders of the Funds; and (ii) by the vote of a majority of the Trustees who are not parties to the Investment Advisory Agreements or “interested persons” of any party (the “Independent Trustees”), cast in person at a meeting called for the purpose of voting on such approval(s). In connection with their consideration of such approval(s), the Funds’ Trustees must request and evaluate, and SIMC and the Sub-Advisers are required to furnish, such information as may be reasonably necessary to evaluate the terms of the Investment Advisory Agreements. In addition, the Securities and Exchange Commission takes the position that, as part of their fiduciary duties with respect to a mutual fund’s fees, mutual fund boards are required to evaluate the material factors applicable to a decision to approve an Investment Advisory Agreement.

Consistent with these responsibilities, the Board calls and holds meetings each year to consider whether to approve new and/or renew existing Investment Advisory Agreements between the Trust and SIMC and SIMC and the Sub-Advisers with respect to the Funds of the Trust. In preparation for these meetings, the Board requests and reviews a wide variety of materials provided by SIMC and the Sub-Advisers, including information about SIMC’s and the Sub-Advisers’ affiliates, personnel and operations and the services provided pursuant to the Investment Advisory Agreements. The Board also receives data from third parties. This information is provided in addition to the detailed information about the Funds that the Board reviews during the course of each year, including information that relates to Fund operations and Fund performance. The Trustees also receive a memorandum from counsel regarding the responsibilities of Trustees in connection with their consideration of whether to approve the Trust’s Investment Advisory Agreements. Finally, the Independent Trustees receive advice from independent counsel to the Independent Trustees, meet in executive sessions outside the presence of Fund management and participate in question and answer sessions with representatives of SIMC and the Sub-Advisers.

Specifically, during the course of the Trust’s fiscal year, the Board requested and received written materials from SIMC and the Sub-Advisers regarding: (i) the quality of SIMC’s and the Sub-Advisers’ investment management and other services; (ii) SIMC’s and the Sub-Advisers’ investment management personnel; (iii) SIMC’s and the Sub-Advisers’ operations and financial condition; (iv) SIMC’s and the Sub-Advisers’ brokerage practices (including any soft dollar arrangements) and investment strategies; (v) the level of the advisory fees that SIMC charges the Funds and the level of the sub-advisory fees that SIMC pays the Sub-Advisers, compared with fees each charge to comparable accounts; (vi) the advisory fees charged by SIMC and the Funds’ overall fees and operating expenses compared with peer groups of mutual funds prepared by Broadridge, an independent provider of investment company data; (vii) the level of SIMC’s and the Sub-Advisers’ profitability from their Fund-related operations; (viii) SIMC’s and the Sub-Advisers’ compliance program, including a description of material compliance matters and material compliance violations; (ix) SIMC’s potential economies of scale; (x) SIMC’s and the Sub-Advisers’ policies on and compliance procedures for personal securities transactions; (xi) SIMC’s and the Sub-Advisers’ expertise and resources in domestic and/or international financial markets; and (xii) the Funds’ performance over various periods of time compared with peer groups of mutual funds prepared by Broadridge and the Funds’ benchmark indexes.

At the March 27–29, 2017 meeting of the Board, the Trustees, including a majority of the Independent Trustees, approved the renewal of the Advisory Agreement. Also, each Sub-Advisory Agreement was either initially approved or, if the Sub-Advisory Agreement was already in effect (unless operating under an initial two-year term), renewed at meetings of the Board held during the course of the Trust’s fiscal year on December 5–7, 2016, March 27–29, 2017, June 26–28, 2017 and September 11–13, 2017. In each case, the Board’s approval (or renewal) was based on


420		SEI Institutional Managed Trust / Annual Report / September 30, 2017

its consideration and evaluation of the factors described above, as discussed at the meetings and at prior meetings. The following discusses some, but not all, of the factors that were considered by the Board in connection with its assessment of the Investment Advisory Agreements.

Nature, Extent and Quality of Services. The Board considered the nature, extent and quality of the services provided by SIMC and the Sub-Advisers to the Funds and the resources of SIMC and the Sub-Advisers and their affiliates dedicated to the Funds. In this regard, the Trustees evaluated, among other things, SIMC’s and each Sub-Adviser’s personnel, experience, track record and compliance program. Following evaluation, the Board concluded that, within the context of its full deliberations, the nature, extent and quality of services provided by SIMC and the Sub-Advisers to the Funds and the resources of SIMC and the Sub-Advisers and their affiliates dedicated to the Funds were sufficient to support the renewal of the Investment Advisory Agreements. In addition to advisory services, the Board considered the nature and quality of certain administrative, transfer agency and other non-investment advisory services provided to the Funds by SIMC and/or its affiliates.

Performance. In determining whether to renew SIMC’s Advisory Agreement, the Trustees considered the Funds’ performance relative to their peer groups and appropriate indexes/benchmarks. The Trustees reviewed performance information for each Fund, noting that they receive performance reports that permit them to monitor each Fund’s performance at board meetings throughout the year. As part of this review, the Trustees considered the composition of each peer group and selection criteria. In assessing Fund performance, the Trustees considered a report compiled by Broadridge, an independent third-party that was engaged to prepare an assessment of the Funds in connection with the renewal of the Advisory Agreement (the “Broadridge Report”). The Broadridge Report included metrics on risk analysis, and volatility versus total return, net total return and performance consistency for the Funds (except when such metric was not available due to a limited operating history) and a universe of comparable funds. Based on the materials considered and discussed at the meetings, the Trustees found Fund performance satisfactory, or, where performance was materially below the benchmark and/or peer group, the Trustees were satisfied with the reasons provided to explain such performance. In connection with the approval or renewal of Sub-Advisory Agreements, the Board considered the performance of the Sub-Adviser relative to appropriate indexes/benchmarks. Following evaluation, the Board concluded that, within the context of its full deliberations, the performance of the Funds was sufficient to support renewal of SIMC’s Advisory Agreement, and the performance of each Sub-Adviser was sufficient to support approval or renewal of the Sub-Advisory Agreement.

Fees. With respect to the Funds’ expenses under the Investment Advisory Agreements, the Trustees considered the rate of compensation called for by the Investment Advisory Agreements and the Funds’ net operating expense ratio in comparison to those of the Funds’ respective peer groups. In assessing Fund expenses, the Trustees considered the information in the Broadridge Report, which included various metrics related to fund expenses, including, but not limited to, contractual management fees at various asset levels, actual management fees, and actual total expenses (including, solely with respect to the Multi-Strategy Alternative Fund, underlying fund expenses) for the Funds and a universe of comparable funds. Based on the materials considered and discussion at the meetings, the Trustees further determined that fees were either shown to be below the peer average in the comparative fee analysis, or that there was a reasonable basis for the fee level. The Trustees also considered the effects of SIMC’s voluntary waiver of management and other fees to prevent total Fund operating expenses from exceeding a specified cap and concluded that SIMC, through waivers, has maintained the Funds’ net operating expenses at competitive levels for its distribution channels. In determining the appropriateness of fees, the Board also took into consideration the impact of fees incurred indirectly by the Funds as a result of investments into underlying funds, including funds from which SIMC or its affiliates earn fees. The Board also took into consideration compensation earned from the Funds by SIMC or its affiliates for non-advisory services, such as administration, transfer agency, shareholder services or brokerage, and considered whether SIMC and its affiliates may have realized other benefits from their relationship with the Funds, such as any research and brokerage services received under soft dollar arrangements. When considering fees paid to Sub-Advisers, the Board took into account the fact that the Sub-Advisers are compensated by SIMC and not by the Funds directly, and that such compensation with respect to any unaffiliated Sub-Adviser reflects an arms-length negotiation between the Sub-Adviser and SIMC. Following evaluation, the Board concluded that, within the context of its full deliberations, the expenses of the Funds are reasonable and supported renewal of the Investment Advisory Agreements. The Board also considered whether the Sub-Advisers and their affiliates may have realized other benefits from their relationship with the Funds, such as any research and brokerage services received under soft dollar arrangements.


SEI Institutional Managed Trust / Annual Report / September 30, 2017			421

Board of Trustees Considerations in Approving the Advisory and Sub-Advisory Agreements (Unaudited) (Concluded)

Profitability. With regard to profitability, the Trustees considered compensation flowing to SIMC and the Sub-Advisers and their affiliates, directly or indirectly. The Trustees considered whether the levels of compensation and profitability were reasonable. As with the fee levels, when considering the profitability of the Sub-Advisers, the Board took into account the fact that compensation with respect to any unaffiliated Sub-Adviser reflects an arms-length negotiation between the Sub-Adviser and SIMC. In connection with the approval or renewal of each Sub-Advisory Agreement, the Board also took into consideration the impact that the fees paid to the Sub-Adviser have on SIMC’s advisory fee margin and profitability. Based on this evaluation, the Board concluded that, within the context of its full deliberations, the profitability of each of SIMC and the Sub-Advisers is reasonable and supported renewal of the Investment Advisory Agreements.

Economies of Scale. With respect to the Advisory Agreement, the Trustees considered whether any economies of scale were being realized by SIMC and its affiliates and, if so, whether the benefits of such economies of scale were passed along to the Funds’ shareholders through a graduated investment advisory fee schedule or other means, including any fee waivers by SIMC and its affiliates. The Trustees recognized that economies of scale are difficult to identify and quantify and are rarely identifiable on a fund-by-fund basis. Based on this evaluation, the Board determined that the fees were reasonable in light of the information that was provided by SIMC with respect to economies of scale.

Based on the Trustees’ deliberation and their evaluation of the information described above, the Board, including all of the Independent Trustees, with the assistance of Fund counsel and Independent Trustees’ counsel, unanimously approved the approval or renewal, as applicable, of the Investment Advisory Agreements and concluded that the compensation under the Investment Advisory Agreements is fair and reasonable in light of such services and expenses and such other matters as the Trustees considered to be relevant in the exercise of their reasonable judgment. In the course of its deliberations, the Board did not identify any particular factor (or conclusion with respect thereto) or single piece of information that was all-important, controlling or determinative of its decision, but considered all of the factors together, and each Trustee may have attributed different weights to the various factors (and conclusions with respect thereto) and information.


422		SEI Institutional Managed Trust / Annual Report / September 30, 2017

Notice to Shareholders (Unaudited)

For shareholders who do not have a September 30, 2017, taxable year end, this notice is for informational purposes only. For shareholders with a September 30, 2017, taxable year end, please consult your tax adviser as to the pertinence of this notice.

For the fiscal year ended September 30, 2017, the Funds are designating long term and qualifying dividend income with regard to distributions paid during the year as follows:


	(A) Return of Capital (Tax Basis)	(B) Long Term Capital Gains Distributions (Tax Basis)	(C) Ordinary Income Distributions (Tax Basis)	(D) Tax-Exempt Income Distribution (Tax Basis)	Total Distributions (Tax Basis)	(E) Dividends Qualifying for Corporate Dividends Rec. Deduction (1)
Large Cap Fund	0.00%	0.00%	100.00%	0.00%	100.00%	100.00%
Large Cap Value Fund	0.00%	0.00%	100.00%	0.00%	100.00%	100.00%
Large Cap Growth Fund	0.00%	0.00%	100.00%	0.00%	100.00%	100.00%
Tax-Managed Large Cap Fund	0.00%	0.00%	100.00%	0.00%	100.00%	100.00%
S&P 500 Index Fund	0.00%	59.92%	40.08%	0.00%	100.00%	96.40%
Small Cap Fund	0.00%	0.00%	100.00%	0.00%	100.00%	84.27%
Small Cap Value Fund	0.00%	0.00%	100.00%	0.00%	100.00%	93.89%
Small Cap Growth Fund	0.00%	0.00%	100.00%	0.00%	100.00%	0.00%
Tax-Managed Small/Mid Cap Fund	0.00%	17.74%	82.26%	0.00%	100.00%	100.00%
Mid-Cap Fund	0.00%	26.02%	73.98%	0.00%	100.00%	31.70%
U.S. Managed Volatility Fund	0.00%	64.48%	35.52%	0.00%	100.00%	78.17%
Global Managed Volatility Fund	0.00%	55.72%	44.28%	0.00%	100.00%	49.65%
Tax-Managed Managed Volatility Fund	0.00%	61.45%	38.55%	0.00%	100.00%	100.00%
Tax-Managed International Managed Volatility Fund	0.00%	3.01%	96.99%	0.00%	100.00%	0.70%
Real Estate Fund	0.00%	44.02%	24.11%	0.00%	68.13%	0.00%
Enhanced Income Fund	0.00%	0.00%	100.00%	0.00%	100.00%	0.00%
Core Fixed Income Fund	0.00%	8.90%	91.10%	0.00%	100.00%	0.00%
U.S. Fixed Income Fund	0.00%	4.50%	95.50%	0.00%	100.00%	0.00%
High Yield Bond Fund	0.00%	0.00%	100.00%	0.00%	100.00%	0.00%
Conservative Income Fund	0.00%	0.00%	100.00%	0.00%	100.00%	0.00%
Tax-Free Conservative Income Fund	0.00%	0.00%	0.09%	99.91%	100.00%	0.00%
Real Return Fund	13.13%	0.00%	86.87%	0.00%	100.00%	0.00%
Dynamic Asset Allocation Fund	0.00%	0.00%	100.00%	0.00%	100.00%	68.16%
Multi-Strategy Alternative Fund	0.00%	0.00%	100.00%	0.00%	100.00%	1.69%
Multi-Asset Accumulation Fund	0.00%	37.06%	62.94%	0.00%	100.00%	2.13%
Multi-Asset Income Fund	0.00%	0.00%	100.00%	0.00%	100.00%	4.59%
Multi-Asset Inflation Managed Fund	0.00%	0.00%	100.00%	0.00%	100.00%	43.68%
Multi-Asset Capital Stability Fund	0.00%	32.18%	67.82%	0.00%	100.00%	7.12%
Long/Short Alternative Fund	0.00%	0.00%	100.00%	0.00%	100.00%	0.00%


SEI Institutional Managed Trust / Annual Report / September 30, 2017			423

Notice to Shareholders (Unaudited) (Concluded)


	(F) Qualifying Dividend Income (15% Tax Rate for QDI) (2)	U.S. Government Interest (3)	Interest Related Dividends (4)	Short-Term Capital Gain Dividends (5)
Large Cap Fund	100.00%	0.00%	0.00%	0.00%
Large Cap Value Fund	100.00%	0.00%	0.00%	0.00%
Large Cap Growth Fund	100.00%	0.00%	0.01%	0.00%
Tax-Managed Large Cap Fund	100.00%	0.00%	0.00%	0.00%
S&P 500 Index Fund	97.70%	0.03%	0.03%	100.00%
Small Cap Fund	86.96%	0.01%	0.03%	100.00%
Small Cap Value Fund	100.00%	0.00%	0.01%	0.00%
Small Cap Growth Fund	0.00%	0.00%	0.00%	0.00%
Tax-Managed Small/Mid Cap Fund	100.00%	0.00%	0.01%	0.00%
Mid-Cap Fund	32.08%	0.00%	0.02%	100.00%
U.S. Managed Volatility Fund	82.22%	0.00%	0.00%	0.00%
Global Managed Volatility Fund	100.00%	0.00%	0.02%	100.00%
Tax-Managed Managed Volatility Fund	100.00%	0.00%	0.00%	0.00%
Tax-Managed International Managed Volatility Fund	88.48%	0.00%	0.00%	100.00%
Real Estate Fund	0.00%	0.00%	0.00%	0.00%
Enhanced Income Fund	0.00%	0.49%	0.00%	0.00%
Core Fixed Income Fund	0.00%	12.01%	86.51%	100.00%
U.S. Fixed Income Fund	0.00%	15.30%	62.91%	100.00%
High Yield Bond Fund	0.00%	0.00%	82.89%	0.00%
Conservative Income Fund	0.00%	0.07%	99.30%	100.00%
Tax-Free Conservative Income Fund	0.00%	0.00%	0.00%	0.00%
Real Return Fund	0.00%	94.02%	0.00%	0.00%
Dynamic Asset Allocation Fund	69.27%	0.00%	0.15%	0.00%
Multi-Strategy Alternative Fund	14.40%	0.00%	0.00%	100.00%
Multi-Asset Accumulation Fund	5.11%	7.30%	2.04%	100.00%
Multi-Asset Income Fund	4.63%	0.38%	81.12%	0.00%
Multi-Asset Inflation Managed Fund	52.55%	37.06%	11.61%	0.00%
Multi-Asset Capital Stability Fund	7.50%	75.04%	11.70%	100.00%
Long/Short Alternative Fund	0.00%	0.00%	0.00%	0.00%

(1)	Qualifying dividends represent dividends which qualify for the corporate dividends received deduction.

(2)

The percentage in this column represents the amount of “Qualifying Dividend Income” is reflected as a percentage of “Ordinary Income Distributions.” It is the intention of each of the aforementioned funds to designate the maximum amount permitted by the law. The information reported herein may differ from the information and distributions taxable to the shareholders for the calendar year ending December 31, 2017. Complete information will be computed and reported in conjunction with your 2017 Form 1099-DIV.

(3)

“U.S. Government Interest” represents the amount of interest that was derived from direct U.S. Government obligations and distributed during the fiscal year. This amount is reflected as a percentage of total ordinary income distributions (the total of short term capital gain and net investment income distributions). Generally, interest from direct U.S. Government obligations is exempt from state income tax. However, for shareholders of the SEI Institutional Trust, who are residents of California, Connecticut and New York, the statutory threshold requirements were not satisfied to permit exemption of these amounts from state income.

(4)	The percentage in this column represents the amount of “Interest Related Dividend” is reflected as a percentage of ordinary income distribution. Interest related dividends are exempted from U.S. withholding tax when paid to foreign investors.

(5)	The percentage of this column represents the amount of “Short Term Capital Gain Dividend” is reflected as a percentage of short term capital gain distribution that is exempted from U.S. withholding tax when paid to foreign investors.

Items (A) and (B) are based on the percentage of each Fund’s total distribution.

Items (C), (D) and (E) are based on the percentage of ordinary income distributions of each Fund. Item (F) is based on the percentage of gross income of each Fund.

Please consult your tax adviser for proper treatment of this information. This notification should be kept with your permanent tax records.


424		SEI Institutional Managed Trust / Annual Report / September 30, 2017

SEI Institutional Managed Trust / Annual Report / September 30, 2017

Robert A. Nesher, Chairman

Trustees

William M. Doran

George J. Sullivan, Jr.

Nina Lesavoy

James M. Williams

Mitchell A. Johnson

Hubert L. Harris, Jr.

Susan C. Cote

Officers

Robert A. Nesher

President and Chief Executive Officer

James J. Hoffmayer

Controller and Chief Financial Officer

Glenn Kurdziel

Assistant Controller

Russell Emery

Chief Compliance Officer

Timothy D. Barto

Vice President, Secretary

Aaron Buser

Vice President, Assistant Secretary

David F. McCann

Vice President, Assistant Secretary

Stephen G. MacRae

Vice President

Bridget E. Sudall

Anti-Money Laundering Compliance Officer

Privacy Officer

Investment Adviser

SEI Investments Management Corporation

Administrator

SEI Investments Global Funds Services

Distributor

SEI Investments Distribution Co.

Legal Counsel

Morgan, Lewis & Bockius LLP

Independent Registered Public Accounting Firm

KPMG LLP

This report and the financial statements contained herein are submitted for the general information of the shareholders of the Trust and must be preceded or accompanied by a current prospectus. Shares of the Funds are not deposits or obligations of, or guaranteed or endorsed by, any bank. The shares are not federally insured by the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve Board, or any other government agency. Investment in the shares involves risk, including the possible loss of principal.

For more information call

1 800 DIAL SEI

(1 800 342 5734)

LOGO

1 Freedom Valley Drive, P.O. Box 1100, Oaks, PA 19456

SEI-F-087 (9/17)

Item 2. Code of Ethics.

The Registrant has adopted a code of ethics that applies to the Registrant’s principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions.

Item 3. Audit Committee Financial Expert.

(a) (1) The Registrant’s Board of Trustees has determined that the Registrant has three audit committee financial experts serving on its audit committee.

(a) (2) The audit committee financial experts are Susan C. Cote, George J. Sullivan, Jr. and Hubert L. Harris, Jr. Ms. Cote and Messrs. Sullivan and Harris are independent as defined in Form N-CSR Item 3 (a) (2).

Item 4. Principal Accountant Fees and Services.

Fees billed by KPMG LLP (“KPMG”) related to the Registrant.

KPMG billed the Registrant aggregate fees for services rendered to the Registrant for the fiscal years 2016 and 2015 as follows:


		Fiscal 2017			Fiscal 2016
		All fees and services to the Registrant that were pre- approved	All fees and services to service affiliates that were pre- approved	All other fees and services to service affiliates that did not require pre- approval	All fees and services to the Registrant that were pre- approved	All fees and services to service affiliates that were pre- approved	All other fees and services to service affiliates that did not require pre- approval
(a)	Audit Fees (1)	$970,875	$0	N/A	$868,000	$0	N/A
(b)	Audit-Related Fees	$0	$0	$0	$0	$0	$0
(c)	Tax Fees	$0	$0	$0	$0	$0	$0
(d)	All Other Fees (2)	$0	$356,074	$0	$0	$325,515	$0

Notes:

(1)

Audit fees include amounts related to the audit of the Registrant’s annual financial statements and services normally provided by the accountant in connection with statutory and regulatory filings.

(2)

See Item 4(g) for a description of the services comprising the fees disclosed under this category.

(e)(1) The Registrant’s Audit Committee has adopted and the Board of Trustees has ratified an Audit and Non-Audit Services Pre-Approval Policy (the “Policy”), which sets forth the procedures

and the conditions pursuant to which services proposed to be performed by the independent auditor of the Registrant may be pre-approved. In any instance where services require pre-approval, the Audit Committee will consider whether such services are consistent with SEC rules on auditor independence and whether the provision of such services would compromise the auditor’s independence.

The Policy provides that all requests or applications for proposed services to be provided by the independent auditor must be submitted to the Registrant’s Chief Financial Officer (“CFO”) and must include a detailed description of the services proposed to be rendered. The CFO will determine whether such services: (1) require specific pre-approval; (2) are included within the list of services that have received the general pre-approval of the Audit Committee pursuant to the Policy; or (3) have been previously pre-approved in connection with the independent auditor’s annual engagement letter for the applicable year or otherwise.

Requests or applications to provide services that require specific pre-approval by the Audit Committee will be submitted to the Audit Committee by the CFO. The Audit Committee has delegated specific pre-approval authority to either the Audit Committee Chair or financial experts, provided that the estimated fee for any such proposed pre-approved service does not exceed $100,000 and any pre-approval decisions are reported to the Audit Committee at its next regularly scheduled meeting.

Services that have received the general pre-approval of the Audit Committee are identified and described in the Policy. In addition, the Policy sets forth a maximum fee per engagement with respect to each identified service that has received general pre-approval. The Audit Committee will annually review and pre-approve the services that may be provided by the independent auditor during the following twelve months without obtaining specific pre-approval from the Audit Committee.

The Audit Committee will be informed by the CFO on a quarterly basis of all services rendered by the independent auditor.

All services to be provided by the independent auditor shall be provided pursuant to a signed written engagement letter with the Registrant, the investment advisor or applicable control affiliate (except that matters as to which an engagement letter would be impractical because of timing issues or because the matter is small may not be the subject of an engagement letter) that sets forth both the services to be provided by the independent auditor and the total fees (or the manner of their determination) to be paid to the independent auditor for those services.

In addition, the Audit Committee has determined to take additional measures on an annual basis to meet its responsibility to oversee the work of the independent auditor and to assure the auditor’s independence from the Registrant, such as reviewing a formal written statement from the independent auditor delineating all relationships between the independent auditor and the Registrant, and discussing with the independent auditor its methods and procedures for ensuring independence.

(e)(2) Percentage of fees billed pursuant to waiver of pre-approval requirement were as follows:


	Fiscal 2017	Fiscal 2016
Audit-Related Fees	0%	0%
Tax Fees	0%	0%
All Other Fees	0%	0%

(f) Not Applicable.

(g)(1) The aggregate non-audit fees billed by KPMG for the fiscal years 2017 and 2016 were $356,074 and $325,515, respectively. Non-audit fees consist of SSAE No. 16 review of fund accounting and administration operations, and an attestation report in accordance with Rule 17 Ad-13.

(h) During the past fiscal year, Registrant’s principal accountant provided certain non-audit services to Registrant’s investment adviser or to entities controlling, controlled by, or under common control with Registrant’s investment adviser that provide ongoing services to Registrant that were not subject to pre-approval pursuant to paragraph (c)(7)(ii) of Rule 2-01 of Regulation S-X. The Audit Committee of Registrant’s Board of Trustees reviewed and considered these non-audit services provided by Registrant’s principal accountant to Registrant’s affiliates, including whether the provision of these non-audit services is compatible with maintaining the principal accountant’s independence.

Item 5. Audit Committee of Listed Registrants.

Not applicable.

Item 6. Schedule of Investments

The Schedules of Investments in securities of unaffiliated issuers as of the close of the reporting period for the Large Cap Fund, Large Cap Value Fund, Large Cap Growth Fund, Tax-Managed Large Cap Fund, S&P 500 Index Fund, Small Cap Fund, Small Cap Value Fund, Small Cap Growth Fund, Tax-Managed Small/Mid Cap Fund, Mid-Cap Fund, U.S. Managed Volatility Fund, Global Managed Volatility Fund, Tax-Managed Managed Volatility Fund, Tax-Managed International Managed Volatility Fund and Dynamic Asset Allocation Fund are listed below. The Schedule of Investments in securities of unaffiliated issuers as of the close of the reporting period for the Real Estate Fund, Enhanced Income Fund, Core Fixed Income Fund, U.S. Fixed Income Fund, High Yield Bond Fund, Conservative Income Fund, Tax-Free Conservative Income Fund, Real Return Fund, Multi-Strategy Alternative Fund, Multi-Asset Accumulation Fund, Multi-Asset Income Fund, Multi-Asset Inflation Managed Fund, Multi-Asset Capital Stability Fund and Long/Short Alternative Fund is included as part of the report to shareholders filed under Item 1 of this form.

SCHEDULE OF INVESTMENTS

September 30, 2017

Large Cap Fund



Description	Shares		Market Value ($ Thousands)

COMMON STOCK — 94.1%

Consumer Discretionary — 13.2%
Amazon.com, Cl A *		21,914	$	21,067
Autozone *		23,721		14,117
Best Buy		100,658		5,733
Delphi Automotive		36,555		3,597
Dollar General		434,146		35,188
Domino’s Pizza		12,312		2,445
DR Horton		314,296		12,550
General Motors		472,051		19,061
Goodyear Tire & Rubber		69,218		2,301
Home Depot		118,932		19,453
Interpublic Group		209,379		4,353
Kohl’s		56,065		2,559
Lear		48,661		8,422
Liberty Global, Cl A *		24,310		824
Liberty Global, Cl C *		123,930		4,053
Liberty Interactive QVC Group, Cl A *		243,517		5,740
Lowe’s		511,300		40,873
Macy’s		102,099		2,228
NetFlix *		40,511		7,347
Nike, Cl B		376,866		19,540
NVR *		987		2,818
Omnicom Group		204,096		15,117
Priceline Group *		3,416		6,254
Ross Stores		182,394		11,777
Royal Caribbean Cruises		38,810		4,601
Target, Cl A		42,045		2,481
Tiffany		87,587		8,039
TJX		389,684		28,731
Tractor Supply		204,481		12,942
TripAdvisor *(A)		89,371		3,622
Ulta Beauty *		10,693		2,417
Whirlpool		12,644		2,332

				332,582

Consumer Staples — 8.3%
Archer-Daniels-Midland		67,157		2,855
Church & Dwight		56,652		2,745
Colgate-Palmolive		266,300		19,400
Constellation Brands, Cl A		90,979		18,146
CVS Health		444,177		36,120
Ingredion		77,791		9,385
JM Smucker		256,553		26,920
Kimberly-Clark		56,053		6,596
Kroger		742,980		14,904
PepsiCo		151,620		16,895
Philip Morris International		206,045		22,873
Procter & Gamble		85,483		7,777
Sysco, Cl A		54,408		2,935
Tyson Foods, Cl A		116,375		8,199









Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Wal-Mart Stores		173,420	$	13,551

				209,301

Energy — 4.6%
Anadarko Petroleum, Cl A		43,529		2,126
Andeavor		49,764		5,133
BP ADR		139,352		5,355
Canadian Natural Resources		88,359		2,959
Chevron		169,088		19,868
Devon Energy		192,109		7,052
Helmerich & Payne (A)		64,662		3,370
Kinder Morgan		227,343		4,361
Marathon Petroleum		152,611		8,559
Occidental Petroleum		251,909		16,175
Oceaneering International, Cl A		103,840		2,728
Oneok		40,932		2,268
PBF Energy, Cl A (A)		167,336		4,620
Pioneer Natural Resources		13,212		1,949
Range Resources		220,117		4,308
Royal Dutch Shell ADR, Cl A		161,764		9,800
Valero Energy		174,161		13,398

				114,029

Financials — 16.2%
Aflac		283,786		23,097
Allstate		159,202		14,632
Ally Financial		104,642		2,539
Ameriprise Financial		17,316		2,572
Bank of America		746,855		18,925
Berkshire Hathaway, Cl B *		19,585		3,590
Brighthouse Financial *		15,663		952
Capital One Financial		28,281		2,394
Charles Schwab		55,562		2,430
Citigroup		277,690		20,199
Citizens Financial Group		96,253		3,645
CME Group		90,978		12,344
Discover Financial Services		154,517		9,963
Everest Re Group		35,482		8,104
Factset Research Systems		81,060		14,600
Fifth Third Bancorp		198,366		5,550
First Republic Bank		22,487		2,349
Franklin Resources		54,058		2,406
Goldman Sachs Group		12,777		3,031
Intercontinental Exchange		46,381		3,186
JPMorgan Chase		201,687		19,263
KKR (B)		124,484		2,531
Lincoln National		96,459		7,088
Marsh & McLennan		174,954		14,663
MetLife		127,548		6,626
Moody’s		258,578		35,997
MSCI, Cl A		177,080		20,701
Popular		66,179		2,378


SEI Institutional Managed Trust / Annual Report / September 30, 2017			1

SCHEDULE OF INVESTMENTS

September 30, 2017

Large Cap Fund (Continued)



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Principal Financial Group, Cl A		34,556	$	2,223
Prudential Financial		126,182		13,416
Regions Financial		503,756		7,672
Reinsurance Group of America, Cl A		20,296		2,832
S&P Global		52,569		8,217
Santander Consumer USA Holdings *		179,439		2,758
State Street		295,256		28,209
SVB Financial Group, Cl B *		19,159		3,584
Synchrony Financial		258,765		8,035
T. Rowe Price Group		27,597		2,502
TD Ameritrade Holding		49,235		2,403
Travelers		120,998		14,825
US Bancorp		332,777		17,833
Voya Financial		234,838		9,368
Wells Fargo		343,897		18,966

				408,598

Health Care — 16.5%
Abbott Laboratories		330,021		17,610
Aetna, Cl A		83,856		13,334
Alexion Pharmaceuticals *		60,999		8,558
Allergan		9,335		1,913
AmerisourceBergen, Cl A		129,268		10,697
Amgen, Cl A		168,167		31,355
Anthem		25,705		4,881
Becton Dickinson		244,078		47,827
Biogen*		82,480		25,826
Celgene, Cl A *		91,403		13,328
Centene*		87,379		8,456
Express Scripts Holding *		37,386		2,367
Gilead Sciences		181,757		14,726
HCA Healthcare *		105,452		8,393
Horizon Pharma*		147,753		1,873
Illumina*		10,947		2,181
Johnson & Johnson		405,060		52,662
Merck		328,657		21,044
Mettler Toledo International *		47,321		29,631
Mylan*		69,696		2,186
Pfizer		171,796		6,133
Quintiles IMS Holdings *		26,384		2,508
UnitedHealth Group		356,899		69,899
Varian Medical Systems *		135,749		13,583
Vertex Pharmaceuticals *		17,463		2,655
Zoetis, Cl A		39,262		2,503

				416,129

Industrials — 9.4%

3M		183,684		38,555
Acuity Brands		23,828		4,081
AECOM*(A)		162,092		5,967
Alaska Air Group		37,255		2,841
Boeing		29,493		7,497



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Cummins		54,006	$	9,075
Delta Air Lines, Cl A		307,382		14,822
Equifax		46,792		4,959
FedEx		17,802		4,016
Graco		165,305		20,447
Huntington Ingalls Industries, Cl A		22,463		5,087
Illinois Tool Works		204,357		30,237
ManpowerGroup		25,000		2,945
Middleby*		132,095		16,931
Nielsen Holdings		58,175		2,411
Oshkosh Truck		36,834		3,040
Owens Corning		54,953		4,251
Roper Technologies		9,819		2,390
Southwest Airlines, Cl A		40,250		2,253
Spirit AeroSystems Holdings, Cl A		73,639		5,723
Stanley Black & Decker		44,496		6,718
TransDigm Group (A)		12,665		3,238
United Continental Holdings *		108,375		6,598
United Rentals *		20,742		2,878
United Technologies		125,021		14,512
WW Grainger (A)		81,318		14,617

				236,089

Information Technology — 18.7%
Activision Blizzard		190,639		12,298
Alibaba Group Holding ADR *		13,693		2,365
Alliance Data Systems		8,787		1,947
Alphabet, Cl A *		26,718		26,016
Alphabet, Cl C *		10,762		10,322
Amdocs		67,840		4,363
Analog Devices		226,408		19,510
Apple		102,380		15,779
Applied Materials		319,888		16,663
Arrow Electronics, Cl A *		30,127		2,423
ASML Holding, Cl G		42,646		7,301
Autodesk, Cl A *		48,566		5,452
Automatic Data Processing		119,525		13,066
Broadcom		11,289		2,738
CDW		37,994		2,508
Cisco Systems		256,720		8,633
Cognizant Technology Solutions, Cl A		176,680		12,816
Corning, Cl B		116,442		3,484
eBay*		161,711		6,219
Electronic Arts *		115,476		13,633
Facebook, Cl A *		67,064		11,459
Finisar*		104,248		2,311
Fiserv, Cl A *		48,772		6,290
Global Payments		28,135		2,674
HP		520,145		10,382
Intel		477,390		18,179
Intuit		90,997		12,934
Jack Henry & Associates		21,515		2,212


2		SEI Institutional Managed Trust / Annual Report / September 30, 2017



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Juniper Networks		145,004	$	4,035
Lam Research		40,438		7,483
Mastercard, Cl A		293,258		41,408
MercadoLibre		8,053		2,085
Microchip Technology (A)		125,098		11,231
Micron Technology *		144,376		5,678
Microsoft		540,211		40,240
Motorola Solutions		32,457		2,755
Nvidia		37,581		6,718
Oracle, Cl B		420,383		20,326
PayPal Holdings *		214,569		13,739
Qualcomm		96,230		4,989
Skyworks Solutions		21,959		2,238
Symantec, Cl A		137,107		4,498
Take-Two Interactive Software, Cl A *		23,388		2,391
Tencent Holdings ADR		160,877		7,065
Teradyne		64,107		2,391
Texas Instruments		114,594		10,272
Visa, Cl A		220,943		23,252
Western Digital		24,558		2,122
Zendesk*		80,144		2,333

				471,226

Materials — 4.6%
Cabot		42,794		2,388
Celanese, Cl A		56,252		5,865
Cemex ADR *		312,068		2,834
Crown Holdings *		58,481		3,492
Eastman Chemical		148,261		13,416
Ecolab		72,045		9,266
Huntsman		88,775		2,434
International Paper		145,351		8,259
LyondellBasell Industries, Cl A		148,123		14,672
Nucor		69,710		3,907
Packaging Corp of America		30,110		3,453
Praxair		67,467		9,428
Sherwin-Williams, Cl A		97,200		34,801
United States Steel		87,840		2,254

				116,469

Real Estate — 1.1%
CBRE Group, Cl A *		74,192		2,810

A list of the open futures contracts held by the Fund at September 30, 2017, is as follows:



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Crown Castle International		53,576	$	5,357
Equinix (A)		18,892		8,432
HCP^‡		102,451		2,851
Host Hotels & Resorts ^‡		324,038		5,991
SBA Communications, Cl A *^‡		16,931		2,439

				27,880

Telecommunication Services — 0.4%
AT&T		59,044		2,313
T-Mobile US *		76,716		4,730
Zayo Group Holdings *		65,265		2,246

				9,289

Utilities — 1.1%
Centerpoint Energy		138,630		4,049
Exelon		155,959		5,875
FirstEnergy		331,568		10,222
Public Service Enterprise Group		151,801		7,021

				27,167

Total Common Stock (Cost $1,842,024) ($ Thousands)				2,368,759

AFFILIATED PARTNERSHIP — 1.1%

SEI Liquidity Fund, L.P. 1.110% **†(C)		27,250,897		27,259

Total Affiliated Partnership (Cost $27,249) ($ Thousands)				27,259

CASH EQUIVALENT — 5.9%

SEI Daily Income Trust, Government Fund, Cl F 0.840%**^†		149,182,956		149,183

Total Cash Equivalent (Cost $149,183) ($ Thousands)				149,183

Total Investments in Securities — 101.1% (Cost $2,018,456) ($ Thousands)			$	2,545,201


Type of Contract	Number of Contracts Long		Expiration Date		Notional Amount ($ Thousands)		Value ($ Thousands)		Unrealized Appreciation ($ Thousands)
S&P 500 Index E-MINI		93		Dec-2017		$11,444		$11,700		$256
S&P Mid Cap 400 Index E-MINI		7		Dec-2017		1,211		1,257		46

						$12,655		$12,957		$302


SEI Institutional Managed Trust / Annual Report / September 30, 2017		3

SCHEDULE OF INVESTMENTS

September 30, 2017

Large Cap Fund (Concluded)

Percentages are based on Net Assets of $2,518,510 ($ Thousands).

*	Non-income producing security.

**	Rate shown is the 7-day effective yield as of September 30, 2017.

^‡	Real Estate Investment Trust.

^†	Investment in Affiliated Security (see Note 6).

(A)	Certain securities or partial positions of certain securities are on loan at September 30, 2017 (see Note 10). The total market value of securities on loan at September 30, 2017 was $26,596 ($ Thousands).

(B)	Security is a Master Limited Partnership. At September 30, 2017, such securities amounted to $2,531 ($ Thousands), or 0.1% of the net assets of the Fund (see Note 2).

(C)	This security was purchased with cash collateral held from securities on loan (see Note 10). The total market value of such securities as of September 30, 2017 was $27,259 ($ Thousands).

ADR — American Depositary Receipt

Cl — Class

L.P. — Limited Partnership

S&P— Standard & Poor’s

The following is a list of the level of inputs used as of September 30, 2017, in valuing the Fund’s investments and other financial instruments carried at value ($ Thousands):



Investments in Securities	Level 1		Level 2		Level 3		Total
Common Stock	$	2,368,759	$	–	$	–	$	2,368,759
Affiliated Partnership		–		27,259		–		27,259
Cash Equivalent		149,183		–		–		149,183

Total Investments in Securities	$	2,517,942	$	27,259	$	–	$	2,545,201



Other Financial Instruments	Level 1		Level 2		Level 3		Total
Futures Contracts *
Unrealized Appreciation	$	302	$	—	$	—	$	302

Total Other Financial Instruments	$	302	$	—	$	—	$	302

* Futures contracts are valued at the unrealized appreciation on the instrument.

For the year ended September 30, 2017, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the year ended September 30, 2017, there were no transfers between Level 2 and Level 3 assets and liabilities.

The following is a summary of the Fund’s transactions with affiliates for the year ended September 30, 2017 ($ Thousands):



Security Description	Value 9/30/2016		Purchases at Cost		Proceeds from Sales		Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)		Value 9/30/2017		Dividend Income
SEI Liquidity Fund, L.P.		$ 261,551		$ 253,106		$ (487,406)		$ (2)		$ 10		$ 27,259		$ 407
SEI Daily Income Trust, Government Fund, CI F		149,115		346,199		(346,131)		—		—		149,183		724

Totals		$ 410,666		$ 599,305		$ (833,537)		$ (2)		$ 10		$ 176,442		$ 1,131

For more information on valuation inputs, see Note 2 – Significant Accounting Policies in Notes to Financial Statements.

Amounts designated as “—” are $0 or have been rounded to $0.

The accompanying notes are an integral part of the financial statements.


4		SEI Institutional Managed Trust / Annual Report / September 30, 2017

SCHEDULE OF INVESTMENTS

September 30, 2017

Large Cap Value Fund



Description	Shares		Market Value ($ Thousands)
COMMON STOCK — 94.2%

Consumer Discretionary — 9.0%
Advance Auto Parts		21,599	$	2,143
Best Buy		74,184		4,226
Comcast, Cl A		36,832		1,417
Discovery Communications, Cl A *(A)		48,947		1,042
Dollar General		239,968		19,449
DR Horton		104,220		4,161
Foot Locker, Cl A		28,323		998
Gap		49,546		1,463
General Motors		391,373		15,804
Goodyear Tire & Rubber		199,993		6,650
H&R Block		52,142		1,381
Hanesbrands (A)		62,434		1,538
Harley-Davidson, Cl A (A)		25,543		1,231
Kohl’s (A)		88,476		4,039
Lear		17,446		3,020
Lowe’s		215,553		17,231
Macy’s		80,513		1,757
Magna International, Cl A		27,380		1,462
Norwegian Cruise Line Holdings *		22,796		1,232
Omnicom Group		196,869		14,582
PulteGroup		59,449		1,625
Regal Entertainment Group, Cl A		67,807		1,085
Ross Stores		136,549		8,817
Target, Cl A		26,771		1,580
TEGNA		51,682		689
Twenty-First Century Fox, Cl A		87,585		2,310
Viacom, Cl B		39,882		1,110
Whirlpool		7,165		1,321
Wyndham Worldwide		12,931		1,363

				124,726

Consumer Staples — 9.0%
Archer-Daniels-Midland		57,847		2,459
Bunge		21,452		1,490
CVS Health		387,219		31,489
Ingredion		52,497		6,333
JM Smucker		226,190		23,734
Kroger		720,240		14,448
Molson Coors Brewing, Cl B		15,098		1,233
Philip Morris International		168,397		18,694
Pilgrim’s Pride *		83,326		2,367
Procter & Gamble		103,495		9,416
Tyson Foods, Cl A		84,212		5,933
Wal-Mart Stores		94,132		7,355

				124,951

Energy — 9.2%
Anadarko Petroleum, Cl A		44,698		2,184
Andeavor		41,796		4,311
BP ADR		275,876		10,602
Canadian Natural Resources		173,062		5,796



Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Chevron		179,230	$	21,060
ConocoPhillips		67,279		3,367
Devon Energy		191,131		7,016
ExxonMobil		118,981		9,754
Helmerich & Payne (A)		81,858		4,266
Kinder Morgan		325,762		6,248
Marathon Petroleum		123,542		6,928
Occidental Petroleum		233,673		15,004
Oceaneering International, Cl A		86,047		2,260
PBF Energy, Cl A (A)		102,986		2,843
Range Resources		229,125		4,484
Royal Dutch Shell ADR, Cl A		155,127		9,398
Transocean*(A)		120,225		1,294
Valero Energy		133,676		10,284

				127,099

Financials — 22.5%
Aflac		282,472		22,990
Allstate		104,248		9,581
Ally Financial		244,445		5,930
Ameriprise Financial		25,933		3,851
Assurant		14,731		1,407
Athene Holding, Cl A *		54,358		2,927
Bank of America		938,088		23,771
Berkshire Hathaway, Cl B *		27,398		5,023
Blackstone Group (B)		128,322		4,282
BNP Paribas ADR		36,287		1,467
Brighthouse Financial *		20,694		1,258
Capital One Financial		87,452		7,404
CIT Group		27,607		1,354
Citigroup		376,201		27,365
Citizens Financial Group		37,819		1,432
Discover Financial Services		141,677		9,135
Everest Re Group		29,385		6,711
Fifth Third Bancorp		172,505		4,827
Franklin Resources		30,908		1,376
Goldman Sachs Group		5,772		1,369
Hartford Financial Services Group		25,138		1,393
JPMorgan Chase		281,224		26,860
KeyCorp		177,818		3,347
KKR (B)		246,142		5,004
Lazard, Cl A		27,717		1,253
Lincoln National		26,136		1,920
Marsh & McLennan		178,232		14,938
MetLife		147,116		7,643
Morgan Stanley		96,037		4,626
OneMain Holdings, Cl A *		57,366		1,617
PNC Financial Services Group		34,390		4,635
Popular		97,680		3,511
Prudential Financial		52,620		5,595
Radian Group		119,316		2,230
Regions Financial		354,668		5,402


SEI Institutional Managed Trust / Annual Report / September 30, 2017			5

SCHEDULE OF INVESTMENTS

September 30, 2017

Large Cap Value Fund (Continued)



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Reinsurance Group of America, Cl A		42,233	$	5,893
Santander Consumer USA Holdings *		129,668		1,993
Starwood Property Trust ^‡		48,514		1,054
State Street		267,765		25,582
SunTrust Banks		183,395		10,962
Synchrony Financial		222,959		6,923
T. Rowe Price Group		15,366		1,393
Travelers		87,793		10,756
Unum Group		89,383		4,570
Voya Financial		199,967		7,977
Wells Fargo		25,285		1,394

				311,931

Health Care – 15.4%
Abbott Laboratories		380,086		20,281
AbbVie		66,330		5,894
Aetna, Cl A		59,309		9,431
AmerisourceBergen, Cl A		118,509		9,807
Amgen, Cl A		150,955		28,146
Anthem		57,621		10,941
Becton Dickinson		68,651		13,452
Biogen *		14,495		4,539
Centene *		67,039		6,487
Cigna		14,574		2,724
Express Scripts Holding *		51,777		3,279
Gilead Sciences		91,320		7,399
HCA Healthcare *		70,323		5,597
Horizon Pharma *		114,780		1,455
Johnson & Johnson		165,051		21,458
Mallinckrodt *		54,920		2,052
Merck		337,604		21,617
Mylan*		118,377		3,713
Pfizer		314,605		11,231
United Therapeutics *		9,974		1,169
UnitedHealth Group		86,850		17,010
Universal Health Services, Cl B		11,595		1,286
Zimmer Biomet Holdings		35,311		4,135

				213,103

Industrials – 9.2%
3M		60,264		12,649
AECOM *		189,268		6,967
AerCap Holdings *		71,574		3,658
AGCO		21,101		1,557
Alaska Air Group		21,638		1,650
American Airlines Group		171,193		8,130
Boeing		10,922		2,777
Copa Holdings, Cl A		10,103		1,258
Delta Air Lines, Cl A		266,828		12,866
Eaton		36,841		2,829
FedEx		16,500		3,722
Illinois Tool Works		110,335		16,325



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Ingersoll-Rand		20,044	$	1,787
JetBlue Airways *		65,925		1,222
L3 Technologies		10,024		1,889
ManpowerGroup		48,763		5,745
Oshkosh Truck		38,255		3,158
Owens Corning		54,642		4,227
Raytheon		24,872		4,641
RR Donnelley & Sons		26,621		274
Spirit AeroSystems Holdings, Cl A		47,265		3,673
Textron		26,701		1,439
Trinity Industries		63,149		2,015
United Continental Holdings *		90,316		5,498
USG*		51,700		1,688
Waste Management		16,762		1,312
WW Grainger (A)		79,368		14,266

				127,222

Information Technology – 8.9%
Applied Materials		64,414		3,355
Arrow Electronics, Cl A *		17,248		1,387
Automatic Data Processing		116,867		12,776
CA		69,499		2,320
Cars.com *(A)		17,227		458
Cisco Systems		442,616		14,885
Corning, Cl B		74,909		2,241
DXC Technology		16,742		1,438
Finisar *		120,440		2,670
First Data, Cl A *		90,017		1,624
Hewlett Packard Enterprise		103,535		1,523
HP		357,287		7,131
Intel		364,930		13,897
International Business Machines		39,734		5,765
IPG Photonics *		10,556		1,954
Jabil		41,876		1,196
Juniper Networks		107,185		2,983
Lam Research		20,466		3,787
Micro Focus International ADR *		14,218		454
Microchip Technology (A)		145,954		13,104
Micron Technology *		202,807		7,976
Qualcomm		128,555		6,664
Seagate Technology (A)		30,431		1,009
Skyworks Solutions		38,807		3,954
Tech Data *		13,545		1,203
Vishay Intertechnology (A)		89,659		1,686
Western Digital		34,183		2,953
Xerox		80,527		2,681

				123,074

Materials – 3.7%
Cabot		24,552		1,370
Cemex ADR *		349,166		3,170
Crown Holdings *		22,956		1,371


6		SEI Institutional Managed Trust / Annual Report / September 30, 2017



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Domtar		33,526	$	1,455
Eastman Chemical		120,517		10,906
Huntsman		65,474		1,795
International Paper		151,191		8,591
Louisiana-Pacific *		57,932		1,569
LyondellBasell Industries, Cl A		102,542		10,157
Owens-Illinois *		77,722		1,956
Packaging Corp of America		11,025		1,264
Reliance Steel & Aluminum		64,709		4,929
Steel Dynamics		39,205		1,351
United States Steel (A)		76,714		1,968

				51,852

Real Estate – 2.1%
Brixmor Property Group ^‡		75,000		1,410
CBL & Associates Properties ^‡(A)		159,245		1,336
CBRE Group, Cl A *		52,776		1,999
HCP^‡		121,246		3,374
Hospitality Properties Trust ^‡		203,838		5,807
Host Hotels & Resorts ^‡		256,967		4,751
Howard Hughes *		11,350		1,339
Jones Lang LaSalle		10,415		1,286
Park Hotels & Resorts ^‡		47,923		1,321
Realogy Holdings		37,829		1,247
Senior Housing Properties Trust ^‡		232,244		4,540
Two Harbors Investment ^‡		132,679		1,338

				29,748

Telecommunication Services – 1.8%
AT&T		382,575		14,985
Level 3 Communications *		50,216		2,676
T-Mobile US *		50,385		3,107
Verizon Communications		93,092		4,607

				25,375

Utilities – 3.4%
AES		117,895		1,299
Ameren		21,935		1,269
American Electric Power		18,365		1,290
Calpine*		106,720		1,574
Centerpoint Energy		43,496		1,271
Consolidated Edison		15,485		1,249
Edison International		19,670		1,518
Entergy		56,929		4,347
Exelon		273,188		10,291
FirstEnergy		235,778		7,269
Pinnacle West Capital		14,666		1,240
Public Service Enterprise Group		169,632		7,846
UGI		89,503		4,194



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Vistra Energy		121,525	$	2,271

				46,928
Total Common Stock (Cost $1,020,178) ($ Thousands)				1,306,009

AFFILIATED PARTNERSHIP – 2.2%
SEI Liquidity Fund, L.P. 1.110% **^†(C)		30,530,593		30,531

Total Affiliated Partnership (Cost $30,530) ($ Thousands)				30,531

CASH EQUIVALENT – 3.9%
SEI Daily Income Trust, Government Fund, Cl F 0.840%**^†		54,156,796		54,157

Total Cash Equivalent (Cost $54,157) ($ Thousands)				54,157

Total Investments in Securities – 100.3% (Cost $1,104,865) ($ Thousands)			$	1,390,697

Percentages are based on Net Assets of $1,386,098 ($ Thousands).

^*	Non-income producing security.

^**	Rate shown is the 7-day effective yield as of September 30, 2017.

^‡	Real Estate Investment Trust.

^†	Investment in Affiliated Security (see Note 6).

(A)	Certain securities or partial positions of certain securities are on loan at September 30, 2017 (see Note 10). The total market value of securities on loan at September 30, 2017 was $29,863 ($ Thousands).

(B)	Security is a Master Limited Partnership. At September 30, 2017, such securities amounted to $9,286 ($ Thousands), or 0.67% of the net assets of the Fund (see Note 2).

(C)	This security was purchased with cash collateral held from securities on loan (see Note 10). The total market value of such securities as of September 30, 2017 was $30,531 ($ Thousands).

ADR – American Depositary Receipt

Cl – Class

L.P. – Limited Partnership

The following is a list of the level of inputs used as of September 30, 2017, in valuing the Fund’s investments carried at value ($ Thousands):



Investments in Securities	Level 1		Level 2		Level 3		Total
Common Stock	$	1,306,009	$	–	$	–	$	1,306,009
Affiliated Partnership		–		30,531		–		30,531
Cash Equivalent		54,157		–		–		54,157

Total Investments in Securities	$	1,360,166	$	30,531	$	–	$	1,390,697

For the year ended September 30, 2017, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the year ended September 30, 2017, there were no transfers between Level 2 and Level 3 assets and liabilities.


SEI Institutional Managed Trust / Annual Report / September 30, 2017		7

SCHEDULE OF INVESTMENTS

September 30, 2017

Large Cap Value Fund (Concluded)

For more information on valuation inputs, see Note 2 – Significant Accounting Policies in Notes to Financial Statements.

The following is a summary of the Fund’s transactions with affiliates for the year ended September 30, 2017 ($ Thousands):


Security Description	Value 9/30/2016		Purchases at Cost		Proceeds from Sales		Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)		Value 9/30/2017		Dividend Income
SEI Liquidity Fund, L.P.		$49,707		$228,552		$(247,727)		$(2)		$1		$30,531		$85
SEI Daily Income Trust, Government Fund, CI F		47,204		323,633		(316,680)		—		—		54,157		336

Totals		$96,911		$552,185		$(564,407)		$(2)		$1		$84,688		$421

Amounts designated as “—” are $0 or have been rounded to $0.

The accompanying notes are an integral part of the financial statements.


8		SEI Institutional Managed Trust / Annual Report / September 30, 2017

SCHEDULE OF INVESTMENTS

September 30, 2017

Large Cap Growth Fund



Description	Shares		Market Value ($ Thousands)

COMMON STOCK†† — 95.3%
Consumer Discretionary — 15.9%
Amazon.com, Cl A *		38,954	$	37,448
Autozone *		27,455		16,339
Delphi Automotive		26,508		2,608
Dollar General		98,194		7,959
Domino’s Pizza		59,012		11,717
Home Depot		71,150		11,637
Lear		14,224		2,462
Liberty Global, Cl A *		16,608		563
Liberty Global, Cl C *		169,925		5,557
Liberty Interactive QVC Group, Cl A *		330,671		7,794
Lowe’s		213,743		17,087
Marriott International, Cl A		14,045		1,549
NetFlix *		58,711		10,647
Nike, Cl B		414,317		21,482
NVR *		540		1,542
Priceline Group *		7,309		13,381
Ross Stores		21,745		1,404
Tiffany		94,312		8,656
TJX		335,369		24,727
Tractor Supply		213,880		13,536
TripAdvisor *(A)		101,830		4,127
Ulta Beauty *		55,295		12,500
Yum China Holdings *		60,947		2,436

				237,158

Consumer Staples — 4.3%
Colgate-Palmolive		287,107		20,916
Constellation Brands, Cl A		76,271		15,212
Dr Pepper Snapple Group		35,000		3,096
PepsiCo		197,826		22,044
Sysco, Cl A		60,237		3,250

				64,518

Energy — 0.6%
Halliburton		80,713		3,715
Oneok		26,630		1,476
Pioneer Natural Resources		22,743		3,355

				8,546

Financials — 11.5%
Berkshire Hathaway, Cl B *		35,629		6,532
Charles Schwab		119,424		5,224
Citigroup		36,154		2,630
CME Group		109,614		14,872
Factset Research Systems		69,903		12,590
First Republic Bank		97,867		10,223
Goldman Sachs Group		10,493		2,489
Intercontinental Exchange		88,882		6,106
Moody’s		262,006		36,474
MSCI, Cl A		186,831		21,841
Progressive		31,125		1,507



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
S&P Global		39,659	$	6,199
SVB Financial Group, Cl B *		30,376		5,683
US Bancorp		353,068		18,921
Wells Fargo		353,024		19,469

				170,760
Health Care — 17.0%
Alexion Pharmaceuticals *		95,843		13,446
Align Technology *		9,123		1,699
Allergan		11,671		2,392
Becton Dickinson		177,432		34,768
Biogen *		65,831		20,613
Boston Scientific *		286,242		8,350
Celgene, Cl A *		114,597		16,710
Cigna		8,341		1,559
DENTSPLY SIRONA		35,779		2,140
Exelixis *		53,681		1,301
Gilead Sciences		32,065		2,598
Humana		5,504		1,341
Illumina *		20,126		4,009
Johnson & Johnson		218,651		28,427
Mettler Toledo International *		39,168		24,525
Quintiles IMS Holdings *		93,644		8,903
Regeneron Pharmaceuticals *		2,958		1,322
UnitedHealth Group		274,030		53,669
Varian Medical Systems *		134,467		13,455
Vertex Pharmaceuticals *		24,916		3,789
WellCare Health Plans *		13,234		2,273
Zoetis, Cl A		103,517		6,600

				253,889
Industrials — 8.8%
3M		94,899		19,919
Acuity Brands (A)		45,637		7,817
Alaska Air Group		24,750		1,888
Allison Transmission Holdings		39,084		1,467
Boeing		25,893		6,582
Equifax		90,599		9,602
FedEx		26,747		6,034
Graco		167,141		20,674
Huntington Ingalls Industries, Cl A		7,115		1,611
Middleby *		127,542		16,347
Nielsen Holdings		104,105		4,315
Roper Technologies		33,059		8,046
Southwest Airlines, Cl A		49,808		2,788
TransDigm Group (A)		26,512		6,778
United Rentals *		15,316		2,125
United Technologies		137,265		15,934

				131,927

Information Technology — 30.6%
Activision Blizzard		145,485		9,385


SEI Institutional Managed Trust / Annual Report / September 30, 2017			9

SCHEDULE OF INVESTMENTS

September 30, 2017

Large Cap Growth Fund (Concluded)



Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Adobe Systems *		110,614	$	16,501
Alibaba Group Holding ADR *(A)		19,928		3,442
Alphabet, Cl A *		32,381		31,530
Alphabet, Cl C *		19,810		19,000
Analog Devices		215,758		18,592
Apple		140,050		21,585
Applied Materials		92,618		4,824
ASML Holding, Cl G (A)		78,012		13,356
Autodesk, Cl A *		108,611		12,193
Broadcom		31,425		7,622
CDW		29,295		1,933
Cognex		13,454		1,484
Coherent*		5,383		1,266
eBay *		166,326		6,397
Electronic Arts *		104,886		12,383
F5 Networks, Cl A *		10,872		1,311
Facebook, Cl A *		164,949		28,185
Fiserv, Cl A *		11,655		1,503
Global Payments		48,164		4,577
Intuit		63,707		9,055
KLA-Tencor		13,883		1,472
Mastercard, Cl A		272,991		38,546
MercadoLibre		12,111		3,136
Microsoft		718,183		53,497
NCR *		28,231		1,059
Nvidia		100,643		17,992
Oracle, Cl B		384,205		18,576
PayPal Holdings *		277,765		17,785
Skyworks Solutions		17,217		1,754
Symantec, Cl A		170,353		5,589
Take-Two Interactive Software, Cl A *		67,285		6,879
Tencent Holdings ADR		333,965		14,666
Teradyne		143,263		5,342
Texas Instruments		55,464		4,972
Vantiv, Cl A *		31,000		2,185
Visa, Cl A		314,346		33,082
Zendesk*		109,782		3,196

				455,852

Materials – 4.9%
Avery Dennison		15,678		1,542
Chemours		31,805		1,610



Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Ecolab		103,054	$	13,254
LyondellBasell Industries, Cl A		28,606		2,833
Monsanto		26,306		3,152
Packaging Corp of America		13,305		1,526
Praxair		101,704		14,212
Sherwin-Williams, Cl A		93,658		33,533
Vulcan Materials		12,896		1,542

				73,204

Real Estate – 1.6%
CBRE Group, Cl A *		38,651		1,464
Crown Castle International ^‡		69,757		6,974
Equinix^‡		24,560		10,961
SBA Communications, Cl A *^‡		27,576		3,973

				23,372


Telecommunication Services – 0.1%
Zayo Group Holdings *		42,390		1,459


Total Common Stock (Cost $1,045,700) ($ Thousands)				1,420,685


AFFILIATED PARTNERSHIP – 1.3%
SEI Liquidity Fund, L.P. 1.110% **^†(B)		18,752,337		18,752


Total Affiliated Partnership (Cost $18,751) ($ Thousands)				18,752


CASH EQUIVALENT – 3.4%
SEI Daily Income Trust, Government Fund, Cl F 0.840%**^†		51,512,276		51,512


Total Cash Equivalent (Cost $51,512) ($ Thousands)				51,512

Total Investments – 100.0% (Cost $1,115,963) ($ Thousands)			$	1,490,949

A list of the open futures held by the Fund at September 30, 2017, is as follows:

Type of

Contract

Number of

Contracts

Long

Expiration

Date

Notional Amount

($ Thousands)

Value

($ Thousands)

Unrealized

Appreciation

($ Thousands)

S&P 500 Index E-MINI

Dec-2017

$376

$377


10		SEI Institutional Managed Trust / Annual Report / September 30, 2017

Percentages

are based on Net Assets of $1,490,926 ($ Thousands).

*	Non-income producing security.

**	Rate shown is the 7-day effective yield as of September 30, 2017.

^‡	Real Estate Investment Trust.

^†	Investment in Affiliated Security (see Note 6).

^††	Narrow Industries are utilized for compliance purposes, whereas broad sectors are utilized for reporting.

(A)	Certain securities or partial positions of certain securities are on loan at September 30, 2017 (see Note 10). The total market value of securities on loan at September 30, 2017 was $18,513 ($ Thousands).

(B)	This security was purchased with cash collateral held from securities on loan (see Note 10). The total market value of such securities as of September 30, 2017 was $18,752 ($ Thousands).

ADR – American Depositary Receipt

Cl – Class

L.P. – Limited Partnership

S&P – Standard & Poor’s

The following is a list of the level of inputs used as of September 30, 2017, in valuing the Fund’s investments carried at value ($ Thousands):


Investments in Securities	Level 1		Level 2		Level 3		Total
Common Stock	$	1,420,685	$	–	$	–	$	1,420,685
Affiliated Partnership		–		18,752		–		18,752
Cash Equivalent		51,512		–		–		51,512

Total Investments in Securities	$	1,472,197	$	18,752	$	–	$	1,490,949



Other Financial Instruments	Level 1		Level 2		Level 3		Total
Futures Contracts *
Unrealized Appreciation	$	1	$	—	$	—	$	1

Total Other Financial Instruments	$	1	$	—	$	—	$	1

* Futures contracts are valued at the unrealized appreciation on the instrument.

For the year ended September 30, 2017, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the year ended September 30, 2017, there were no transfers between Level 2 and Level 3 assets and liabilities.

The following is a summary of the Fund’s transactions with affiliates for the year ended September 30, 2017 ($ Thousands):


Security Description	Value 9/30/2016		Purchases at Cost		Proceeds from Sales		Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)		Value 9/30/2017		Dividend Income
SEI Liquidity Fund, L.P.		$ 4,044		$ 182,934		$ (168,226)		$ (1)		$ 1		$ 18,752		$ 110
SEI Daily Income Trust, Government Fund, CI F		62,626		332,436		(343,550)		—		—		51,512		273

Totals		$ 66,670		$ 515,370		$ (511,776)		$ (1)		$ 1		$ 70,264		$ 383

For more information on valuation inputs, see Note 2 – Significant Accounting Policies in Notes to Financial Statements.

Amounts designated as “–” are $0 or have been rounded to $0.

The accompanying notes are an integral part of the financial statements.


SEI Institutional Managed Trust / Annual Report / September 30, 2017		11

SCHEDULE OF INVESTMENTS

September 30, 2017

Tax-Managed Large Cap Fund



Description	Shares		Market Value ($ Thousands)

COMMON STOCK — 95.6%

Consumer Discretionary — 13.8%
Amazon.com, Cl A *		43,128	$	41,461
AMC Networks, Cl A *		36,801		2,152
Autozone *		18,795		11,185
Best Buy		186,465		10,621
Charter Communications, Cl A *		20,643		7,502
Comcast, Cl A		162,942		6,270
Darden Restaurants		34,626		2,728
Delphi Automotive		79,958		7,868
Dollar General		387,947		31,443
Dollar Tree *		19,725		1,712
Domino’s Pizza		20,805		4,131
General Motors		94,123		3,801
Graham Holdings, Cl B		809		473
Hanesbrands (A)		231,360		5,701
Harley-Davidson, Cl A (A)		98,523		4,750
Home Depot		118,848		19,439
Interpublic Group		55,709		1,158
Kohl’s		46,716		2,133
L Brands		299,706		12,471
Las Vegas Sands		22,879		1,468
Lear		115,549		19,999
Liberty Global, Cl C *		151,762		4,963
Liberty Interactive QVC Group, Cl A *		567,023		13,365
Lowe’s		639,720		51,139
Macy’s		67,900		1,482
Magna International, Cl A		129,268		6,900
Marriott International, Cl A		40,040		4,415
Michael Kors Holdings *		74,276		3,554
Michaels *		458,439		9,843
Murphy USA *		24,225		1,672
NetFlix *		65,622		11,901
Nike, Cl B		389,570		20,199
Norwegian Cruise Line Holdings *		285,518		15,432
NVR *		1,071		3,058
Omnicom Group		115,785		8,576
Priceline Group *		7,673		14,048
PulteGroup		504,441		13,786
PVH		50,924		6,419
Ross Stores		152,613		9,854
Scripps Networks Interactive, Cl A		16,630		1,428
Starbucks		227,286		12,208
Target, Cl A		200,363		11,823
TEGNA		153,973		2,052
Tiffany		39,063		3,585
Time Warner		41,985		4,301
TJX		431,984		31,850
Toll Brothers		94,549		3,921
TopBuild *		51,618		3,364
Tractor Supply		73,032		4,622
TripAdvisor *(A)		213,724		8,662
Viacom, Cl B		34,234		953



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Walt Disney		54,000	$	5,323
Whirlpool		68,064		12,554
Wyndham Worldwide		15,527		1,637
Yum China Holdings *		41,762		1,669

				509,024

Consumer Staples — 7.7%
Altria Group		96,491		6,119
Anheuser-Busch InBev ADR		85,244		10,170
Archer-Daniels-Midland		146,608		6,232
Bunge		31,232		2,169
Clorox		18,684		2,465
Coca-Cola		84,125		3,786
Colgate-Palmolive		260,311		18,964
Conagra Brands		49,133		1,658
Constellation Brands, Cl A		79,385		15,833
Costco Wholesale		89,408		14,689
CVS Health		397,990		32,365
Dr Pepper Snapple Group		29,055		2,570
Estee Lauder, Cl A		44,264		4,773
Hershey		26,294		2,871
Ingredion		40,741		4,915
JM Smucker		185,331		19,447
Kimberly-Clark		41,873		4,928
Kraft Heinz		13,143		1,019
Kroger		530,992		10,652
Lamb Weston Holdings		16,377		768
Mondelez International, Cl A		24,475		995
Nu Skin Enterprises, Cl A		24,106		1,482
PepsiCo		177,686		19,800
Philip Morris International		237,485		26,363
Pilgrim’s Pride *		55,865		1,587
Procter & Gamble		203,307		18,497
Tyson Foods, Cl A		281,181		19,809
Walgreens Boots Alliance		184,087		14,215
Wal-Mart Stores		222,560		17,391

				286,532

Energy — 4.2%
Andeavor		31,376		3,236
BP ADR		265,989		10,222
Canadian Natural Resources		278,313		9,321
Chevron		213,036		25,032
Concho Resources *		34,048		4,485
ConocoPhillips		81,356		4,072
Devon Energy		273,875		10,054
ExxonMobil		164,776		13,508
Halliburton		84,336		3,882
Kinder Morgan		113,129		2,170
Marathon Oil		290,425		3,938
Marathon Petroleum		237,204		13,302
Occidental Petroleum		100,043		6,424


12		SEI Institutional Managed Trust / Annual Report / September 30, 2017



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Oceaneering International, Cl A		47,759	$	1,254
Phillips 66		113,325		10,382
QEP Resources *		137,742		1,180
Royal Dutch Shell ADR, Cl A		182,043		11,028
Transocean *(A)		367,365		3,953
Valero Energy		211,817		16,295
Williams		51,872		1,557

				155,295
Financials — 16.4%
Aflac		208,390		16,961
Allstate		59,438		5,463
Ally Financial		59,881		1,453
American Financial Group		39,790		4,116
American International Group		109,104		6,698
Ameriprise Financial		82,444		12,244
Assurant		122,808		11,731
Bank of America		1,730,747		43,857
BB&T		41,703		1,957
Berkshire Hathaway, Cl B *		93,247		17,094
Blackstone Group (B)		44,695		1,491
Brighthouse Financial *		11,764		715
Capital One Financial		113,167		9,581
CIT Group		43,606		2,139
Citigroup		379,987		27,640
CME Group		117,119		15,891
Cullen/Frost Bankers (A)		23,595		2,240
Discover Financial Services		241,586		15,577
Donnelley Financial Solutions *		101,817		2,195
Everest Re Group		57,218		13,068
Fifth Third Bancorp		478,279		13,382
Franklin Resources		23,964		1,067
Goldman Sachs Group		21,644		5,134
Hartford Financial Services Group		101,910		5,649
Huntington Bancshares		321,477		4,488
Intercontinental Exchange		250,350		17,199
Invesco		126,803		4,443
JPMorgan Chase		478,943		45,744
KeyCorp		816,571		15,368
KKR, Cl Miscellaneous (B)		266,561		5,419
Lincoln National		182,558		13,414
Marsh & McLennan		177,895		14,909
MetLife		129,408		6,723
Moody’s		288,575		40,172
Morgan Stanley		311,935		15,026
MSCI, Cl A		225,501		26,361
PNC Financial Services Group		46,966		6,330
Popular		105,453		3,790
Principal Financial Group, Cl A		139,391		8,968
Progressive		44,272		2,144
Prudential Financial		112,425		11,953
Regions Financial		507,300		7,726



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Reinsurance Group of America, Cl A		61,098	$	8,525
S&P Global		18,482		2,889
Santander Consumer USA Holdings *		152,330		2,341
State Street		214,861		20,528
SunTrust Banks		142,000		8,487
T. Rowe Price Group		24,474		2,219
Travelers		120,419		14,754
Unum Group		155,168		7,934
US Bancorp		310,167		16,622
Validus Holdings		28,272		1,391
Voya Financial		294,050		11,730
Wells Fargo		427,725		23,589

				608,529

Health Care — 16.3%
Abbott Laboratories		311,129		16,602
AbbVie		92,048		8,179
Aetna, Cl A		56,625		9,004
Akorn *		207,402		6,884
Alexion Pharmaceuticals *		105,576		14,811
Allergan		21,656		4,438
AmerisourceBergen, Cl A		110,450		9,140
Amgen, Cl A		145,948		27,212
Anthem		79,013		15,003
Baxter International		180,158		11,305
Becton Dickinson		281,078		55,077
Biogen *		109,633		34,328
Bioverativ *		47,853		2,731
C.R. Bard		30,808		9,874
Cardinal Health		72,515		4,853
Celgene, Cl A *		245,980		35,869
Centene *		83,877		8,117
Cigna		68,071		12,725
Edwards Lifesciences, Cl A *		20,638		2,256
Gilead Sciences		120,443		9,758
HCA Healthcare *		188,452		14,999
Horizon Pharma*		139,419		1,768
Humana		44,504		10,842
Idexx Laboratories *		72,356		11,251
Illumina *		20,963		4,176
Intuitive Surgical *		2,806		2,935
Johnson & Johnson		434,135		56,442
McKesson		31,659		4,863
Medtronic		13,161		1,024
Merck		327,650		20,979
Mettler Toledo International *		31,398		19,660
Novo Nordisk ADR		152,089		7,323
Pfizer		706,138		25,209
Quest Diagnostics		12,728		1,192
Quintiles IMS Holdings *		70,943		6,745
Regeneron Pharmaceuticals *		7,464		3,337
United Therapeutics *		47,682		5,588


SEI Institutional Managed Trust / Annual Report / September 30, 2017		13

SCHEDULE OF INVESTMENTS

September 30, 2017

Tax-Managed Large Cap Fund (Continued)



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
UnitedHealth Group		421,525	$	82,556
Varex Imaging *		30,650		1,037
Varian Medical Systems *		74,809		7,485
Vertex Pharmaceuticals *		13,009		1,978
Zimmer Biomet Holdings		83,204		9,742
Zoetis, Cl A		63,768		4,066

				603,363

Industrials — 9.1%
3M		213,078		44,725
Acuity Brands		36,829		6,308
AECOM *		38,691		1,424
AerCap Holdings *		175,578		8,974
AGCO		52,600		3,880
Alaska Air Group		108,695		8,290
American Airlines Group		76,487		3,632
Caterpillar, Cl A		47,565		5,932
Cummins		24,737		4,157
Deere		31,142		3,911
Delta Air Lines, Cl A		373,873		18,028
Eaton		101,803		7,817
FedEx		20,626		4,653
General Electric		224,840		5,437
Graco		211,588		26,171
Huntington Ingalls Industries, Cl A		41,706		9,444
Illinois Tool Works		260,216		38,502
Ingersoll-Rand		23,286		2,076
Lockheed Martin		35,370		10,975
ManpowerGroup		22,232		2,619
Masco		44,254		1,726
Middleby *		38,086		4,882
Norfolk Southern		64,160		8,485
Northrop Grumman		63,975		18,407
Oshkosh Truck		98,940		8,167
Owens Corning		28,000		2,166
Raytheon		106,117		19,799
Robert Half International		69,290		3,488
Roper Technologies		15,713		3,825
Southwest Airlines, Cl A		177,834		9,955
SPX *		169,689		4,979
Stanley Black & Decker		24,449		3,691
Terex		66,352		2,987
Trinity Industries		90,264		2,879
United Continental Holdings *		134,548		8,191
United Rentals *		13,833		1,919
United Technologies		81,889		9,506
USG *(A)		41,806		1,365
Waste Management		32,151		2,516
WW Grainger		762		137

				336,025



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)

Information Technology — 19.8%
Activision Blizzard		181,346	$	11,699
Adobe Systems *		137,412		20,499
Advanced Micro Devices *(A)		55,298		705
Alibaba Group Holding ADR *		8,581		1,482
Alphabet, Cl A *		27,622		26,896
Alphabet, Cl C *		26,751		25,657
Amdocs		87,071		5,600
Analog Devices		112,993		9,737
Apple		284,529		43,852
Applied Materials		507,844		26,454
ASML Holding, Cl G		57,233		9,798
Autodesk, Cl A *		20,808		2,336
Automatic Data Processing		156,283		17,085
Broadcom		27,141		6,583
Brocade Communications Systems		213,029		2,546
CA		42,468		1,418
Cars.com *(A)		51,324		1,366
Cisco Systems		488,328		16,422
Citrix Systems *		44,716		3,435
Cognizant Technology Solutions, Cl A		96,335		6,988
Corning, Cl B		234,159		7,006
DST Systems		23,270		1,277
DXC Technology		38,661		3,320
eBay *		461,918		17,765
Electronic Arts *		137,324		16,212
Facebook, Cl A *		209,203		35,747
Genpact		71,173		2,046
Global Payments		15,901		1,511
Harris		25,220		3,321
Hewlett Packard Enterprise		307,307		4,521
HP		480,394		9,589
Intel		570,596		21,728
International Business Machines		51,181		7,425
Intuit		156,005		22,175
Jabil		58,700		1,676
Juniper Networks		66,060		1,838
Keysight Technologies *		148,082		6,169
Lam Research		22,006		4,072
Marvell Technology Group		291,026		5,209
Mastercard, Cl A		372,740		52,631
Micro Focus International ADR *		42,201		1,346
Microchip Technology (A)		113,132		10,157
Micron Technology *		446,316		17,554
Microsoft		704,989		52,515
Motorola Solutions		24,057		2,042
Nvidia		14,094		2,520
Oracle, Cl B		347,111		16,783
PayPal Holdings *		279,222		17,879
Qualcomm		240,762		12,481
Red Hat *		16,812		1,864
salesforce.com *		15,984		1,493


14		SEI Institutional Managed Trust / Annual Report / September 30, 2017



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Seagate Technology (A)		112,151	$	3,720
ServiceNow *		18,268		2,147
Skyworks Solutions		150,967		15,384
Symantec, Cl A		184,559		6,055
Tech Data *		22,300		1,981
Tencent Holdings ADR		375,591		16,494
Teradata *		50,205		1,696
Texas Instruments		211,061		18,920
VeriSign *(A)		91,384		9,722
Visa, Cl A		417,202		43,906
Vishay Intertechnology (A)		88,686		1,667
Western Digital		72,366		6,252
Yelp, Cl A *		51,177		2,216
Zynga, Cl A *		227,798		861

				733,451

Materials — 4.3%
Cabot		99,097		5,530
Celanese, ClA		28,298		2,951
Cemex ADR *		859,423		7,803
Crown Holdings *		105,232		6,284
DowDuPont		192,015		13,293
Eastman Chemical		109,370		9,897
Ecolab		88,521		11,385
Freeport-McMoRan, ClB *		65,401		918
Huntsman		312,058		8,557
Ingevity *		14,131		883
International Paper		367,473		20,880
Louisiana-Pacific *		155,746		4,218
LyondellBasell Industries, ClA		132,110		13,085
Monsanto		19,711		2,362
Nucor		46,516		2,607
Owens-Illinois *		225,590		5,676
Praxair		61,077		8,535
Reliance Steel & Aluminum		22,781		1,735
Sherwin-Williams, Cl A		78,752		28,196
Westlake Chemical		14,664		1,218
WestRock		84,787		4,810

				160,823

Real Estate — 1.7%
Brandywine Realty Trust ^‡		138,389		2,420
Brixmor Property Group ^‡		65,728		1,236
CBRE Group, ClA *		41,173		1,560
Colony NorthStar, ClA		161,161		2,024
Crown Castle International ^‡		198,875		19,884
Equinix^‡		41,936		18,716
Hospitality Properties Trust ^‡		97,540		2,779
Host Hotels & Resorts ^‡		141,505		2,616
Public Storage ^‡		18,999		4,066
SBA Communications, ClA *^‡		53,836		7,755



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Simon Property Group ^‡		6,723	$	1,082

				64,138

Telecommunication Services — 0.7%
AT&T		348,990		13,670
Verizon Communications		261,669		12,950

				26,620

Utilities — 1.6%
Ameren		113,300		6,553
American Electric Power		179,636		12,617
Centerpoint Energy		65,000		1,899
Consolidated Edison		24,376		1,967
Edison International		165,088		12,740
Entergy		36,104		2,757
Exelon		317,795		11,971
Public Service Enterprise Group		158,869		7,348

				57,852

Total Common Stock (Cost $1,965,182) ($ Thousands)				3,541,652

	Number of Rights
*RIGHTS — 0.0%**

Safeway CVR - PDC ^‡‡		107,954		5

Safeway CVR - Casa Ley ^‡‡		107,954		110

Total Rights (Cost $—) ($ Thousands)				115

	Shares

AFFILIATED PARTNERSHIP — 1.0%

SEI Liquidity Fund, L.P. 1.110% **^†(C)		36,830,858		36,832

Total Affiliated Partnership (Cost $36,829) ($ Thousands)				36,832

CASH EQUIVALENT — 4.4%

SEI Daily Income Trust, Government Fund, ClF 0.840%**^†		162,414,973		162,415

Total Cash Equivalent (Cost $162,415) ($ Thousands)				162,415

Total Investments in Securities — 101.0% (Cost $2,164,426) ($ Thousands)			$	3,741,014


SEI Institutional Managed Trust / Annual Report / September 30, 2017		15

SCHEDULE OF INVESTMENTS

September 30, 2017

Tax-Managed Large Cap Fund (Concluded)

Percentages are based on Net Assets of $3,703,372 ($ Thousands).

^*	Non-income producing security.

^**	Rate shown is the 7-day effective yield as of September 30, 2017.

^‡	Real Estate Investment Trust.

^‡‡	Expiration date not available.

^†	Investment in Affiliated Security (see Note 6).

(A)	Certain securities or partial positions of certain securities are on loan at September 30, 2017 (see Note 10). The total market value of securities on loan at September 30, 2017 was $36,073 ($ Thousands).

(B)	Security is a Master Limited Partnership. At September 30, 2017, such securities amounted to $6,910 ($ Thousands), or 0.19% of the net assets of the Fund (See Note 2).

(C)	This security was purchased with cash collateral held from securities on loan (see Note 10). The total market value of such securities as of September 30, 2017 was $36,832 ($ Thousands).

ADR — American Depositary Receipt

Cl — Class

CVR — Contingent Value Rights

L.P. — Limited Partnership

S&P— Standard & Poor’s

Ser — Series

The following is a list of the level of inputs used as of September 30, 2017, in valuing the Fund’s investments and other financial instruments carried at value ($ Thousands):



Investments in Securities	Level 1		Level 2		Level 3		Total
Common Stock	$	3,541,652	$	–	$	–	$	3,541,652
Rights		–		115		–		115
Affiliated Partnership		–		36,832		–		36,832
Cash Equivalent		162,415		–		–		162,415

Total Investments in Securities	$	3,704,067	$	36,947	$	–	$	3,741,014

For the year ended September 30, 2017, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the year ended September 30, 2017, there were no transfers between Level 2 and Level 3 assets and liabilities.

The following is a summary of the Fund’s transactions with affiliates for the year ended September 30, 2017 ($ Thousands):


Security Description	Value 9/30/2016		Purchases at Cost		Proceeds from Sales		Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)	Value 9/30/2017		Dividend Income
SEI Liquidity Fund, L.P.		$111,917		$340,014		$(415,097)		$(5)	$3		$36,832		$158
SEI Daily Income Trust, Government Fund, CI F		222,382		526,968		(586,935)		—	—		162,415		1,039

Totals		$334,299		$866,982		$(1,002,032)		$(5)	$3		$199,247		$1,197

For more information on valuation inputs, see Note 2 – Significant Accounting Policies in Notes to Financial Statements.

Amounts designated as “—” are $0 or have been rounded to $0.

The accompanying notes are an integral part of the financial statements.


16		SEI Institutional Managed Trust / Annual Report / September 30, 2017

SCHEDULE OF INVESTMENTS

September 30, 2017

S&P 500 Index Fund



Description	Shares		Market Value ($ Thousands)

COMMON STOCK — 97.9%

Consumer Discretionary — 11.6%
Advance Auto Parts		2,700	$	268
Amazon.com, ClA *		14,249		13,698
Autozone *		994		592
Best Buy		9,654		550
BorgWarner		7,100		364
CarMax *		6,700		508
Carnival		14,684		948
CBS, Cl B		13,195		765
Charter Communications, Cl A *		7,200		2,617
Chipotle Mexican Grill, Cl A *(A)		904		278
Coach		10,019		404
Comcast, Cl A		168,596		6,488
Darden Restaurants		4,418		348
Delphi Automotive		9,600		945
Discovery Communications, Cl A *		5,600		119
Discovery Communications, Cl C *		7,600		154
DISH Network, Cl A *		8,100		439
Dollar General		9,000		729
Dollar Tree *		8,454		734
DR Horton		12,458		497
Expedia		4,355		627
Foot Locker, ClA		4,700		166
Ford Motor		140,437		1,681
Gap		8,131		240
Garmin (A)		4,205		227
General Motors		47,113		1,902
Genuine Parts		5,336		510
Goodyear Tire & Rubber		9,093		302
H&R Block		7,613		202
Hanesbrands (A)		13,400		330
Harley-Davidson, Cl A (A)		6,108		294
Hasbro		4,096		400
Hilton Worldwide Holdings		7,300		507
Home Depot		42,245		6,910
Interpublic Group		14,201		295
Kohl’s		6,056		276
L Brands		8,727		363
Leggett & Platt		4,759		227
Lennar, Cl A		7,516		397
LKQ *		11,300		407
Lowe’s		30,349		2,426
Macy’s		11,264		246
Marriott International, Cl A		11,124		1,226
Mattel (A)		12,531		194
McDonald’s		29,117		4,562
MGM Mirage		17,300		564
Michael Kors Holdings *		5,600		268
Mohawk Industries *		2,300		569
NetFlix *		15,500		2,811
Newell Brands, Cl B		17,355		741
News, Cl A		13,975		185



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
News, Cl B		4,000	$	55
Nike, Cl B		47,094		2,442
Nordstrom		4,007		189
Omnicom Group		8,204		608
O’Reilly Automotive *		3,200		689
Priceline Group *		1,783		3,264
PulteGroup		9,899		271
PVH		2,800		353
Ralph Lauren, Cl A		2,005		177
Ross Stores		14,036		906
Royal Caribbean Cruises		6,100		723
Scripps Networks Interactive, Cl A		3,500		301
Signet Jewelers		2,200		146
Starbucks		51,734		2,779
Target, Cl A		19,528		1,152
Tiffany		3,678		338
Time Warner		27,825		2,851
TJX		22,843		1,684
Tractor Supply		4,600		291
TripAdvisor*		3,955		160
Twenty-First Century Fox, Cl A		37,759		996
Twenty-First Century Fox, Cl B		15,800		407
Ulta Beauty *		2,100		475
Under Armour, Cl A *		7,005		115
Under Armour, Cl C *(A)		6,449		97
VF		11,465		729
Viacom, Cl B		12,601		351
Walt Disney		55,453		5,466
Whirlpool		2,605		480
Wyndham Worldwide		3,802		401
Wynn Resorts		2,900		432
Yum! Brands		11,870		874

				91,702

Consumer Staples — 8.1%
Altria Group		68,973		4,374
Archer-Daniels-Midland		20,475		870
Brown-Forman, Cl B		6,492		353
Campbell Soup		7,084		332
Church & Dwight		9,100		441
Clorox		4,642		612
Coca-Cola		137,549		6,191
Colgate-Palmolive		31,695		2,309
Conagra Brands		14,465		488
Constellation Brands, Cl A		6,200		1,237
Costco Wholesale		15,718		2,582
Coty, Cl A		17,314		286
CVS Health		36,452		2,964
Dr Pepper Snapple Group		6,500		575
Estee Lauder, Cl A		8,000		863
General Mills		20,686		1,071
Hershey		5,112		558


SEI Institutional Managed Trust / Annual Report / September 30, 2017			17

SCHEDULE OF INVESTMENTS

September 30, 2017

S&P 500 Index Fund (Continued)



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Hormel Foods		9,908	$	318
JM Smucker		4,053		425
Kellogg		9,067		565
Kimberly-Clark		12,703		1,495
Kraft Heinz		21,408		1,660
Kroger		32,736		657
McCormick		4,166		428
Molson Coors Brewing, Cl B		6,751		551
Mondelez International, Cl A		54,020		2,196
Monster Beverage *		14,454		799
PepsiCo		51,315		5,718
Philip Morris International		55,687		6,182
Procter & Gamble		91,408		8,316
Sysco, Cl A		17,620		951
Tyson Foods, Cl A		10,303		726
Walgreens Boots Alliance		33,057		2,553
Wal-Mart Stores		52,561		4,107

				63,753

Energy — 6.0%
Anadarko Petroleum, Cl A		20,085		981
Andeavor		5,200		536
Apache		13,600		623
Baker Hughes a GE		15,249		558
Cabot Oil & Gas		16,913		452
Chesapeake Energy *(A)		28,422		122
Chevron		67,923		7,981
Cimarex Energy		3,504		398
Concho Resources *		5,400		711
ConocoPhillips		43,760		2,190
Devon Energy		18,813		691
EOG Resources		20,697		2,002
EQT		6,305		411
ExxonMobil		151,846		12,448
Halliburton		31,142		1,434
Helmerich & Payne (A)		3,905		204
Hess		9,975		468
Kinder Morgan		68,882		1,321
Marathon Oil		31,456		427
Marathon Petroleum		18,164		1,019
National Oilwell Varco, Cl A		13,568		485
Newfield Exploration *		7,400		220
Noble Energy		16,300		462
Occidental Petroleum		27,464		1,763
Oneok		13,609		754
Phillips 66		15,475		1,418
Pioneer Natural Resources		6,104		901
Range Resources		7,000		137
Schlumberger, Cl A		49,900		3,481
TechnipFMC		15,800		441
Valero Energy		16,008		1,232



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Williams		29,669	$	890

				47,161

Financials — 14.3%
Affiliated Managers Group		2,000		380
Aflac		14,217		1,157
Allstate		13,059		1,200
American Express		26,328		2,382
American International Group		31,630		1,942
Ameriprise Financial		5,384		800
Aon		9,129		1,334
Arthur J. Gallagher		6,500		400
Assurant		2,005		191
Bank of America		351,645		8,911
Bank of New York Mellon		36,999		1,962
BB&T		29,106		1,366
Berkshire Hathaway, Cl B *		68,917		12,634
BlackRock		4,361		1,950
Brighthouse Financial *		3,603		219
Capital One Financial		17,366		1,470
CBOE Holdings		4,100		441
Charles Schwab		42,836		1,874
Chubb		16,734		2,385
Cincinnati Financial		5,483		420
Citigroup		97,851		7,118
Citizens Financial Group		18,100		685
CME Group		12,240		1,661
Comerica		6,492		495
Discover Financial Services		13,330		860
ETrade Financial		10,052		438
Everest Re Group		1,500		343
Fifth Third Bancorp		26,911		753
Franklin Resources		11,750		523
Goldman Sachs Group		12,865		3,051
Hartford Financial Services Group		12,986		720
Huntington Bancshares		38,814		542
Intercontinental Exchange		21,205		1,457
Invesco		14,500		508
JPMorgan Chase		126,100		12,044
KeyCorp		39,283		739
Leucadia National		11,313		286
Lincoln National		7,998		588
Loews		9,862		472
M&T Bank		5,525		890
Marsh & McLennan		18,459		1,547
MetLife		38,239		1,986
Moody’s		6,008		836
Morgan Stanley		50,661		2,440
Nasdaq, Cl A		4,200		326
Navient		10,343		155
Northern Trust		7,709		709
People’s United Financial		12,600		229


18		SEI Institutional Managed Trust / Annual Report / September 30, 2017



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
PNC Financial Services Group		17,184	$	2,316
Principal Financial Group, Cl A		9,557		615
Progressive		20,785		1,006
Prudential Financial		15,366		1,634
Raymond James Financial		4,700		396
Regions Financial		43,063		656
S&P Global		9,221		1,441
State Street		13,391		1,279
SunTrust Banks		17,296		1,034
Synchrony Financial		26,763		831
T. Rowe Price Group		8,608		780
Torchmark, Cl A		4,039		323
Travelers		9,856		1,208
Unum Group		8,161		417
US Bancorp		56,923		3,050
Wells Fargo		160,115		8,830
Willis Towers Watson		4,621		713
XL Group		9,305		367
Zions Bancorporation		7,460		352

				113,067

Health Care — 14.0%
Abbott Laboratories		62,319		3,325
AbbVie		57,168		5,080
Aetna, Cl A		11,907		1,893
Agilent Technologies		11,515		739
Alexion Pharmaceuticals *		8,000		1,122
Align Technology *		2,600		484
Allergan		11,953		2,450
AmerisourceBergen, Cl A		5,796		480
Amgen, Cl A		26,229		4,890
Anthem		9,402		1,785
Baxter International		17,535		1,100
Becton Dickinson		8,158		1,599
Biogen*		7,600		2,380
Boston Scientific *		49,112		1,433
Bristol-Myers Squibb		58,792		3,747
C.R. Bard		2,588		829
Cardinal Health		11,359		760
Celgene, Cl A *		28,105		4,098
Centene*		6,300		610
Cerner*		10,500		749
Cigna		9,071		1,696
Cooper, Cl A		1,800		427
DaVita*		5,605		333
DENTSPLY SIRONA		8,309		497
Edwards Lifesciences, Cl A *		7,500		820
Eli Lilly		34,839		2,980
Envision Healthcare *		4,368		196
Express Scripts Holding *		20,770		1,315
Gilead Sciences		46,966		3,805
HCA Healthcare *		10,205		812



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Henry Schein *		5,800	$	475
Hologic*		10,300		378
Humana		5,201		1,267
Idexx Laboratories *		3,200		498
Illumina*		5,300		1,056
Incyte*		6,100		712
Intuitive Surgical *		1,320		1,381
Johnson & Johnson		96,154		12,501
Laboratory Corp of America Holdings *		3,663		553
McKesson		7,569		1,163
Medtronic		48,672		3,785
Merck		97,974		6,273
Mettler Toledo International *		900		564
Mylan*		19,315		606
Patterson		2,900		112
PerkinElmer		4,040		279
Perrigo		4,804		407
Pfizer		213,856		7,635
Quest Diagnostics		4,924		461
Quintiles IMS Holdings *		5,000		475
Regeneron Pharmaceuticals *		2,700		1,207
ResMed		5,200		400
Stryker		11,146		1,583
Thermo Fisher Scientific		14,052		2,659
UnitedHealth Group		34,628		6,782
Universal Health Services, Cl B		3,200		355
Varian Medical Systems *		3,305		331
Vertex Pharmaceuticals *		8,900		1,353
Waters*		2,897		520
Zimmer Biomet Holdings		7,260		850
Zoetis, Cl A		17,646		1,125

				110,180

Industrials — 10.3%
3M		21,401		4,492
Acuity Brands		1,500		257
Alaska Air Group		4,400		336
Allegion		3,470		300
American Airlines Group		15,609		741
Ametek		8,200		541
AO Smith		5,300		315
Arconic		13,978		348
Boeing		19,941		5,069
C.H. Robinson Worldwide		5,205		396
Caterpillar, Cl A		21,206		2,645
Cintas		3,112		449
CSX		32,672		1,773
Cummins		5,544		932
Danaher, Cl A		21,896		1,878
Deere		11,506		1,445
Delta Air Lines, Cl A		23,913		1,153
Dover		5,537		506


SEI Institutional Managed Trust / Annual Report / September 30, 2017		19

SCHEDULE OF INVESTMENTS

September 30, 2017

S&P 500 Index Fund (Continued)



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Eaton		16,015	$	1,230
Emerson Electric		23,115		1,453
Equifax		4,330		459
Expeditors International of Washington		6,609		396
Fastenal, Cl A		10,309		470
FedEx		8,805		1,986
Flowserve		4,800		204
Fluor		5,144		217
Fortive		10,848		768
Fortune Brands Home & Security		5,600		376
General Dynamics		10,030		2,062
General Electric		310,309		7,503
Honeywell International		27,351		3,877
IHS Markit*		13,100		577
Illinois Tool Works		11,129		1,647
Ingersoll-Rand		9,204		821
Jacobs Engineering Group		4,404		257
JB Hunt Transport Services		3,100		344
Johnson Controls International		33,709		1,358
Kansas City Southern		3,900		424
L3 Technologies		2,823		532
Lockheed Martin		8,936		2,773
Masco		11,468		447
Nielsen Holdings		12,000		497
Norfolk Southern		10,430		1,379
Northrop Grumman		6,223		1,790
PACCAR		12,591		911
Parker-Hannifin, Cl A		4,771		835
Pentair		5,866		399
Quanta Services *		5,400		202
Raytheon		10,473		1,954
Republic Services		8,183		541
Robert Half International		4,632		233
Rockwell Automation		4,630		825
Rockwell Collins		5,778		755
Roper Technologies		3,700		901
Snap-on		2,153		321
Southwest Airlines, Cl A		19,762		1,106
Stanley Black & Decker		5,440		821
Stericycle, Cl A *		3,104		222
Textron		9,607		518
TransDigm Group (A)		1,700		435
Union Pacific		28,793		3,339
United Continental Holdings *		9,300		566
United Parcel Service, Cl B		24,724		2,969
United Rentals *		3,100		430
United Technologies		26,576		3,085
Verisk Analytics, Cl A *		5,500		458
Waste Management		14,628		1,145
WW Grainger		1,865		335



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Xylem		6,600	$	413

				81,142

Information Technology — 22.7%
Accenture, Cl A		22,104		2,986
Activision Blizzard		27,100		1,748
Adobe Systems *		17,741		2,647
Advanced Micro Devices *(A)		28,200		359
Akamai Technologies *		6,304		307
Alliance Data Systems		1,700		377
Alphabet, Cl A *		10,646		10,366
Alphabet, Cl C *		10,770		10,330
Amphenol, Cl A		10,909		923
Analog Devices		13,171		1,135
Ansys*		3,100		380
Apple		185,182		28,540
Applied Materials		38,150		1,987
Autodesk, Cl A *		7,917		889
Automatic Data Processing		15,959		1,745
Broadcom		14,446		3,504
CA		11,140		372
Cadence Design Systems *		10,100		399
Cisco Systems		179,161		6,025
Citrix Systems *		5,142		395
Cognizant Technology Solutions, Cl A		21,105		1,531
Corning, Cl B		32,308		967
CSRA		5,138		166
DXC Technology		10,130		870
eBay*		35,649		1,371
Electronic Arts *		11,078		1,308
F5 Networks, Cl A *		2,300		277
Facebook, Cl A *		85,009		14,525
Fidelity National Information Services, Cl B		11,865		1,108
Fiserv, Cl A *		7,560		975
Flir Systems		5,100		198
Gartner*		3,300		411
Global Payments		5,500		523
Harris		4,300		566
Hewlett Packard Enterprise		59,691		878
HP		60,391		1,205
Intel		168,363		6,411
International Business Machines		30,733		4,459
Intuit		8,686		1,235
Juniper Networks		14,100		392
KLA-Tencor		5,571		590
Lam Research		5,822		1,077
Mastercard, Cl A		33,517		4,733
Microchip Technology (A)		8,204		737
Micron Technology *		40,069		1,576
Microsoft		276,089		20,566
Motorola Solutions		5,989		508
NetApp		9,985		437


20		SEI Institutional Managed Trust / Annual Report / September 30, 2017



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Nvidia		21,365	$	3,819
Oracle, Cl B		108,023		5,223
Paychex		11,469		688
PayPal Holdings *		40,149		2,571
Qorvo*		4,600		325
Qualcomm		53,054		2,750
Red Hat *		6,400		709
salesforce.com*		24,009		2,243
Seagate Technology (A)		10,300		342
Skyworks Solutions		6,604		673
Symantec, Cl A		22,147		727
Synopsys*		5,500		443
TE Connectivity		12,709		1,056
Texas Instruments		35,466		3,179
Total System Services		6,089		399
VeriSign*		3,200		340
Visa, Cl A		65,518		6,895
Western Digital		10,474		905
Western Union		17,034		327
Xerox		7,876		262
Xilinx		8,909		631

				179,521

Materials — 2.9%
Air Products & Chemicals		7,826		1,183
Albemarle		4,000		545
Avery Dennison		3,215		316
Ball		12,472		515
CF Industries Holdings		8,550		301
DowDuPont		83,821		5,803
Eastman Chemical		5,320		481
Ecolab		9,334		1,200
FMC		4,900		438
Freeport-McMoRan, Cl B *		47,636		669
International Flavors & Fragrances		2,894		414
International Paper		14,774		839
LyondellBasell Industries, Cl A		11,604		1,149
Martin Marietta Materials, Cl A		2,300		474
Monsanto		15,757		1,888
Mosaic		12,809		277
Newmont Mining		19,125		717
Nucor		11,395		639
Packaging Corp of America		3,400		390
PPG Industries		9,190		999
Praxair		10,299		1,439
Sealed Air		7,128		305
Sherwin-Williams, Cl A		2,916		1,044
Vulcan Materials		4,749		568
WestRock		8,984		510

				23,103



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)

Real Estate — 2.9%
Alexandria Real Estate Equities ^‡		3,300	$	393
American Tower, Cl A ^‡		15,300		2,091
Apartment Investment & Management, Cl A ^‡		5,839		256
AvalonBay Communities ^‡		5,008		893
Boston Properties ^‡		5,600		688
CBRE Group, Cl A *		10,909		413
Crown Castle International ^‡		14,404		1,440
Digital Realty Trust, Cl A ^‡		7,400		876
Duke Realty ^‡		12,700		366
Equinix ^‡		2,756		1,230
Equity Residential ^‡		13,144		867
Essex Property Trust ^‡		2,300		584
Extra Space Storage ^‡		4,600		368
Federal Realty Investment Trust ^‡		2,600		323
GGP ^‡		20,800		432
HCP ‡		16,800		468
Host Hotels & Resorts ^‡		26,474		489
Iron Mountain ^‡		8,938		348
Kimco Realty ^‡		15,613		305
Macerich ^‡		3,904		215
Mid-America Apartment Communities ^‡		4,100		438
ProLogis ^‡		19,000		1,206
Public Storage ^‡		5,333		1,141
Realty Income ^‡		9,800		560
Regency Centers ^‡		5,399		335
SBA Communications, Cl A *^‡		4,400		634
Simon Property Group ^‡		11,206		1,804
SL Green Realty ^‡		3,500		355
UDR ^‡		9,800		373
Ventas ^‡		12,732		829
Vornado Realty Trust ^‡		6,177		475
Welltower ^‡		13,100		921
Weyerhaeuser ^‡		26,961		917

				23,033

Telecommunication Services — 2.1%
AT&T		220,059		8,620
CenturyLink (A)		20,270		383
Level 3 Communications *		10,500		560
Verizon Communications		146,196		7,235

				16,798

Utilities — 3.0%
AES		24,390		269
Alliant Energy		8,400		349
Ameren		8,653		500
American Electric Power		17,615		1,237
American Water Works		6,500		526
Centerpoint Energy		15,385		449
CMS Energy		10,201		472
Consolidated Edison		10,933		882


SEI Institutional Managed Trust / Annual Report / September 30, 2017		21

SCHEDULE OF INVESTMENTS

September 30, 2017

S&P 500 Index Fund (Concluded)



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Dominion Energy		22,540	$	1,734
DTE Energy		6,545		703
Duke Energy		25,116		2,108
Edison International		11,657		900
Entergy		6,564		501
Eversource Energy		11,335		685
Exelon		33,255		1,253
FirstEnergy		15,823		488
NextEra Energy		16,820		2,465
NiSource		11,892		304
NRG Energy		10,713		274
PG&E		18,329		1,248
Pinnacle West Capital		3,949		334
PPL		24,471		929
Public Service Enterprise Group		18,130		839
SCANA		5,304		257
Sempra Energy		8,970		1,024
Southern		35,735		1,756
WEC Energy Group		11,319		711
Xcel Energy		18,236		863

				24,060
Total Common Stock (Cost $347,838) ($ Thousands)				773,520



Description	Face Amount (Thousands)		Market Value ($ Thousands)

U.S. TREASURY OBLIGATIONS — 0.1%
U.S. Treasury Bills
1.137%, 02/01/2018 (C)	$	527	$	525
1.076%, 12/07/2017 (C)		280		280

Total U.S. Treasury Obligations (Cost $804) ($ Thousands)				805

	Shares

AFFILIATED PARTNERSHIP — 0.5%
SEI Liquidity Fund, L.P. 1.110% **^†(B)		3,765,592		3,765

Total Affiliated Partnership (Cost $3,765) ($ Thousands)				3,765

CASH EQUIVALENT — 1.9%
SEI Daily Income Trust, Government Fund, Cl F 0.840%**^†		14,705,096		14,705

Total Cash Equivalent (Cost $14,705) ($ Thousands)				14,705

Total Investments in Securities — 100.4% (Cost $367,112) ($ Thousands)			$	792,795

A list of the open futures contracts held by the Fund at September 30, 2017, is as follows:

Type of

Contract

Number of

Contracts

Long

Expiration

Date

Notional Amount

($ Thousands)

Value

($ Thousands)

Unrealized

Appreciation

($ Thousands)

S&P 500 Index E-MINI

130

Dec-2017

$16,048

$307

Percentages are based on Net Assets of $789,983 ($ Thousands).

^*	Non-income producing security.

^**	Rate shown is the 7-day effective yield as of September 30, 2017.

^‡	Real Estate Investment Trust.

^†	Investment in Affiliated Security (see Note 6).

(A)	Certain securities or partial positions of certain securities are on loan at September 30, 2017 (see Note 10). The total market value of securities on loan at September 30, 2017 was $3,681 ($ Thousands).

(B)	This security was purchased with cash collateral held from securities on loan (see Note 10). The total market value of such securities as of September 30, 2017 was $3,766 ($ Thousands).

(C)	Zero coupon security. The rate shown on the Schedule of Investments is the security’s effective yield at the time of purchase.

Cl — Class

L.P. — Limited Partnership

S&P— Standard & Poor’s

The following is a list of the level of inputs used as of September 30, 2017, in valuing the Fund’s investments and other financial instruments carried at value ($ Thousands):



Investments in Securities	Level 1		Level 2		Level 3		Total
Common Stock	$	773,520	$	–	$	–	$	773,520
U.S. Treasury Obligations		–		805		–		805
Affiliated Partnership		–		3,765		–		3,765
Cash Equivalent		14,705		–		–		14,705

Total Investments in Securities	$	788,225	$	4,570	$	–	$	792,795



Other Financial Instruments	Level 1		Level 2		Level 3		Total
Futures Contracts *
Unrealized Appreciation	$	307	$	—	$	—	$	307

Total Other Financial Instruments	$	307	$	—	$	—	$	307

* Futures contracts are valued at the unrealized appreciation on the instrument.

For the year ended September 30, 2017, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the year ended September 30, 2017, there were no transfers between Level 2 and Level 3 assets and liabilities.


22		SEI Institutional Managed Trust / Annual Report / September 30, 2017

The following is a summary of the Fund’s transactions with affiliates for the year ended September 30, 2017 ($ Thousands):


Security Description	Value 9/30/2016		Purchases at Cost		Proceeds from Sales		Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)		Value 9/30/2017		Dividend Income
SEI Liquidity Fund, L.P.		$ 3,172		$ 26,881		$ (26,288)		$ —		$ —		$ 3,765		$ 14
SEI Daily Income Trust, Government Fund, CI F		15,141		191,132		(191,568)		—		—		14,705		81

Totals		$ 18,313		$ 218,013		$ (217,856)		$ -		$ -		$ 18,470		$ 95

For more information on valuation inputs, see Note 2 – Significant Accounting Policies in Notes to Financial Statements.

Amounts designated as “—” are $0 or have been rounded to $0.

The accompanying notes are an integral part of the financial statements.


SEI Institutional Managed Trust / Annual Report / September 30, 2017		23

SCHEDULE OF INVESTMENTS

September 30, 2017

Small Cap Fund



Description	Shares		Market Value ($ Thousands)

COMMON STOCK — 92.8%

Consumer Discretionary — 13.1%
Aaron’s		11,836	$	516
Adtalem Global Education (A)		27,140		973
Advance Auto Parts		14,983		1,486
AMC Entertainment Holdings, Cl A (A)		116,427		1,711
Asbury Automotive Group *		9,817		600
Big Lots (A)		46,674		2,500
Bloomin’ Brands		40,646		715
Bob Evans Farms		24,232		1,878
Boyd Gaming		31,123		811
Buffalo Wild Wings *		11,977		1,266
Camping World Holdings, Cl A		18,105		738
Capella Education		8,896		624
Century Communities *		50,034		1,236
Cheesecake Factory		63,080		2,657
Conn’s *(A)		82,859		2,332
Cooper Tire & Rubber		16,213		606
Cooper-Standard Holdings *		6,299		731
Core-Mark Holding, Cl A		61,405		1,974
Dana		22,739		636
Dave & Buster’s Entertainment *		42,466		2,229
Deckers Outdoor *		25,000		1,710
Expedia		3,717		535
Extended Stay America		66,617		1,332
Gentherm *		24,137		897
Goodyear Tire & Rubber		15,742		523
Grand Canyon Education *		11,649		1,058
Group 1 Automotive		8,000		580
Hibbett Sports *		32,771		467
Installed Building Products *		9,234		598
Jack in the Box		27,978		2,852
K12 *		26,771		478
LCI Industries		32,196		3,730
Lear		9,136		1,581
Libbey		80,399		745
Lithia Motors, Cl A		5,318		640
LKQ *		99,001		3,563
Lumber Liquidators Holdings *(A)		18,463		720
MDC Partners, Cl A		109,331		1,203
Modine Manufacturing *		33,473		644
NACCO Industries, Cl A		153		13
Nexstar Media Group, Cl A		12,366		770
Office Depot		119,622		543
Ollie’s Bargain Outlet Holdings *		13,997		649
Oxford Industries, Cl A		16,100		1,023
Party City Holdco *(A)		50,897		690
Planet Fitness, Cl A		23,223		627
Polaris Industries (A)		14,293		1,495
Pool		19,825		2,144
Red Robin Gourmet Burgers *		24,843		1,665
Sequential Brands Group *(A)		104,870		314
Shutterfly *		23,797		1,154



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Signet Jewelers		10,946	$	728
Six Flags Entertainment		35,902		2,188
Skechers U.S.A., Cl A *		73,958		1,856
Sotheby’s *		10,094		465
Strayer Education		7,953		694
Tenneco		9,985		606
TopBuild *		10,751		701
Tower International		23,358		635
Tractor Supply		30,984		1,961
Vail Resorts		15,431		3,520
Visteon *		13,717		1,698
Weight Watchers International *(A)		11,541		503
WideOpenWest *		33,293		502
William Lyon Homes, Cl A *(A)		110,745		2,546
Winnebago Industries		12,878		576
Wolverine World Wide		35,286		1,018
ZAGG *		55,713		877

				82,236

Consumer Staples — 2.0%
Andersons		17,988		616
Central Garden & Pet, Cl A *		32,334		1,202
Dean Foods		53,061		577
Fresh Del Monte Produce		22,262		1,012
Hain Celestial Group *		47,515		1,955
Hostess Brands, Cl A *(A)		163,399		2,232
Landec *		40,217		521
Omega Protein		73,325		1,221
Performance Food Group *		23,702		670
Sanderson Farms (A)		10,235		1,653
SpartanNash		16,889		445
SUPERVALU *		27,242		593

				12,697

Energy — 2.8%
Arch Coal (A)		6,942		498
Ardmore Shipping (A)		71,555		590
Atwood Oceanics, Cl A *(A)		41,944		394
Callon Petroleum *		75,805		852
Carrizo Oil & Gas *		68,500		1,174
Eclipse Resources *		176,317		441
Extraction Oil & Gas *(A)		27,663		426
Forum Energy Technologies *		55,162		877
Gulfport Energy *		198,341		2,844
Matrix Service *		37,242		566
Pacific Ethanol *		118,089		655
Patterson-UTI Energy		38,904		815
PBF Energy, Cl A (A)		79,278		2,189
Range Resources		30,025		588
REX American Resources *		5,273		495
Scorpio Tankers		153,664		527
Smart Sand *(A)		61,396		416


24		SEI Institutional Managed Trust / Annual Report / September 30, 2017



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Southwestern Energy *		227,988	$	1,393
StealthGas *		99,434		329
TETRA Technologies *		260,887		746
Whiting Petroleum *		150,032		819

				17,634

Financials — 14.0%
American Equity Investment Life Holding		125,128		3,639
Ameris Bancorp		16,567		795
Argo Group International Holdings		38,646		2,377
Aspen Insurance Holdings		15,088		610
Assured Guaranty		48,102		1,816
Axis Capital Holdings		23,987		1,375
Bancorp *		88,684		733
Bank of the Ozarks		73,184		3,516
BankUnited		18,326		652
BofI Holding *(A)		60,017		1,709
Capitol Federal Financial		109,771		1,614
Central Pacific Financial		74,059		2,383
Chemical Financial (A)		25,961		1,357
CNO Financial Group		113,252		2,643
Commerce Bancshares		10,060		581
Credit Acceptance, Cl A *		2,090		586
Employers Holdings		16,467		748
Enterprise Financial Services		14,027		594
Everest Re Group		7,515		1,716
Federal Agricultural Mortgage, Cl C		10,842		789
First BanCorp Puerto Rico *		135,158		692
First Citizens BancShares, Cl A		4,697		1,756
First Commonwealth Financial		195,069		2,756
First Foundation *		45,606		816
FirstCash		10,097		638
FNB (Pennsylvania)		231,314		3,245
FNFV Group *		35,817		614
Fulton Financial		115,160		2,159
Great Western Bancorp		44,778		1,848
Green Dot, Cl A *		13,527		671
Hanover Insurance Group, Cl A		15,545		1,507
Heartland Financial USA		22,911		1,132
HFF, Cl A		17,726		701
HomeStreet *		27,486		742
IBERIABANK		17,390		1,429
Independent Bank Group		12,252		739
International FCStone *		26,070		999
Investors Bancorp		58,543		798
Kemper, Cl A		27,497		1,457
Ladder Capital, Cl A		60,707		836
Legg Mason		15,234		599
LendingTree *		2,427		593
LPL Financial Holdings		12,910		666
Meridian Bancorp		37,673		703
MGIC Investment *		93,593		1,173



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Moelis, Cl A		27,992	$	1,205
National Bank Holdings, Cl A		26,957		962
National Western Life Group, Cl A		2,976		1,039
Northfield Bancorp		61,928		1,074
OFG Bancorp		205,616		1,881
Old National Bancorp, Cl A		50,460		923
PennyMac Financial Services, Cl A *		32,078		571
PJT Partners		19,372		742
Popular		58,724		2,110
Preferred Bank		9,825		593
ProAssurance		10,285		562
Radian Group		32,831		614
RenaissanceRe Holdings		5,469		739
Simmons First National, Cl A		13,914		806
State Bank Financial		51,671		1,480
Sterling Bancorp		24,672		608
Umpqua Holdings		91,520		1,786
United Fire Group		11,803		541
Validus Holdings		26,484		1,303
Voya Financial		30,233		1,206
Waddell & Reed Financial, Cl A (A)		35,313		709
Walker & Dunlop *		22,867		1,197
Western Alliance Bancorp *		24,240		1,287
Wintrust Financial		53,430		4,184

				87,624

Health Care — 15.0%
Acadia Healthcare, Cl A *(A)		90,254		4,310
Acceleron Pharma *		14,415		538
Accuray *(A)		127,729		511
Aerie Pharmaceuticals *		30,142		1,465
Akebia Therapeutics *		34,209		673
Allscripts Healthcare Solutions *		76,417		1,087
AMAG Pharmaceuticals *(A)		97,035		1,790
AMN Healthcare Services *		99,284		4,537
Array BioPharma *		50,306		619
Avadel Pharmaceuticals ADR *		100,107		1,051
AxoGen *		36,049		698
BioMarin Pharmaceuticals *		15,322		1,426
Bluebird Bio *		4,250		584
Capital Senior Living *		140,809		1,767
Clovis Oncology *		18,553		1,529
Cutera *		17,122		708
Cymabay Therapeutics *		77,212		622
Dynavax Technologies *(A)		30,142		648
Emergent BioSolutions *		66,147		2,676
Esperion Therapeutics *		13,852		694
Exact Sciences *		14,518		684
FibroGen *		12,319		663
Global Blood Therapeutics *		14,829		460
GlycoMimetics *		40,843		571
ImmunoGen *(A)		82,404		630


SEI Institutional Managed Trust / Annual Report / September 30, 2017		25

SCHEDULE OF INVESTMENTS

September 30, 2017

Small Cap Fund (Continued)



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Immunomedics *(A)		60,444	$	845
Insmed *		20,327		634
Integer Holdings *		13,897		711
Integra LifeSciences Holdings *		43,068		2,174
Intersect ENT *		22,200		691
iRhythm Technologies *		12,136		630
Jazz Pharmaceuticals *		4,503		659
Keryx Biopharmaceuticals *(A)		130,845		929
Lannett *(A)		135,538		2,501
Lantheus Holdings *		33,183		591
LHC Group *		17,851		1,266
Ligand Pharmaceuticals *(A)		54,936		7,480
Loxo Oncology *		6,791		626
Magellan Health *		7,251		626
Mallinckrodt *		14,745		551
Merit Medical Systems *		16,591		703
Molina Healthcare *		18,290		1,258
MyoKardia *		13,037		559
Myriad Genetics *		18,383		665
Nektar Therapeutics, Cl A *		158,808		3,811
NeoGenomics *		244,825		2,725
Omeros *(A)		21,315		461
Omnicell *		27,950		1,427
OraSure Technologies *		26,161		589
Owens & Minor		15,843		463
Pacira Pharmaceuticals *		33,583		1,261
Paratek Pharmaceuticals *		19,825		498
Parexel International *		6,383		562
PDL BioPharma *		173,403		588
Penumbra *		6,236		563
Phibro Animal Health, Cl A		15,034		557
Portola Pharmaceuticals, Cl A *		9,797		529
PRA Health Sciences *		24,218		1,845
Premier, Cl A *		20,144		656
Prestige Brands Holdings, Cl A *		86,511		4,333
Progenics Pharmaceuticals *		61,467		452
Puma Biotechnology *		5,949		712
Quidel *		15,098		662
Sarepta Therapeutics *		13,787		625
Spark Therapeutics *		7,053		629
Supernus Pharmaceuticals *		135,567		5,423
Tactile Systems Technology *		20,653		639
Teladoc *(A)		20,636		684
Teleflex		17,424		4,216
TG Therapeutics *(A)		41,339		490
Tivity Health *		14,305		584
Trinity Biotech ADR *		130,160		730
Triple-S Management, Cl B *		30,403		720
United Therapeutics *		4,518		529
WellCare Health Plans *		4,364		749

				93,752



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)

Industrials — 15.7%
ACCO Brands *		51,747	$	616
Advisory Board *		35,529		1,905
Aerojet Rocketdyne Holdings *		38,725		1,356
AGCO		15,679		1,157
Alamo Group		5,488		589
Albany International, Cl A		17,732		1,018
Altra Industrial Motion		11,881		571
American Woodmark *		6,080		585
Apogee Enterprises (A)		59,930		2,892
ARC Document Solutions *		136,300		557
ArcBest		23,966		802
Astec Industries		11,265		631
Atlas Air Worldwide Holdings *		29,575		1,946
Barnes Group		24,244		1,708
BMC Stock Holdings *		57,643		1,231
Brink’s		16,120		1,358
Builders FirstSource *		35,610		641
BWX Technologies, Cl W		51,997		2,913
Celadon Group (A)		78,429		529
Columbus McKinnon		16,470		624
Copa Holdings, Cl A		4,266		531
Covanta Holding (A)		22,931		341
Crane, Cl A		24,811		1,985
Curtiss-Wright		26,938		2,816
Deluxe (A)		58,269		4,251
EMCOR Group		24,017		1,666
Ennis		29,919		588
EnPro Industries		7,878		634
Esterline Technologies *		19,300		1,740
FreightCar America, Cl A		32,444		635
Global Brass & Copper Holdings		35,424		1,197
Granite Construction		20,738		1,202
Great Lakes Dredge & Dock *		129,978		630
Greenbrier (A)		13,341		642
Harsco *		28,229		590
Huntington Ingalls Industries, Cl A		3,200		725
Huron Consulting Group *		19,518		669
Hyster-Yale Materials Handling		7,639		584
InnerWorkings *		51,724		582
ITT		29,397		1,301
JELD-WEN Holding *		16,956		602
JetBlue Airways *		58,833		1,090
Kadant		6,269		618
KBR		36,439		652
Kelly Services, Cl A		23,002		577
Knight-Swift Transportation Holdings, Cl A *		44,544		1,851
Kratos Defense & Security Solutions *		42,893		561
LB Foster, Cl A		32,530		740
Masonite International *		29,692		2,055
MasTec *		75,263		3,492
Mercury Systems *		14,067		730


26		SEI Institutional Managed Trust / Annual Report / September 30, 2017



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Meritor *		26,392	$	686
Moog, Cl A *		7,239		604
MRC Global *		46,223		808
MSC Industrial Direct, Cl A		25,488		1,926
Navistar International *		14,514		640
On Assignment *		68,303		3,667
Orion Group Holdings *		68,970		452
Oshkosh Truck		8,457		698
Owens Corning		8,760		678
Rush Enterprises, Cl A *		45,256		2,095
Saia *		28,489		1,785
SP Plus *		14,713		581
Spirit AeroSystems Holdings, Cl A		7,395		575
Spirit Airlines *		18,943		633
Steelcase, Cl A		40,564		625
Sun Hydraulics		11,608		627
Team *(A)		49,021		654
Tetra Tech		67,866		3,159
Titan Machinery *		34,681		539
TransDigm Group (A)		9,886		2,527
Triton International		19,687		655
Triumph Group (A)		25,600		762
TrueBlue *		44,779		1,005
Tutor Perini *		30,202		858
Univar *		24,193		700
Vectrus *		25,498		786
Wabash National (A)		28,184		643
WageWorks *		62,902		3,818
XPO Logistics *		80,947		5,487

				98,579

Information Technology — 20.6%
Acacia Communications *(A)		9,936		468
ACI Worldwide *		85,349		1,944
Acxiom *		121,038		2,982
Aerohive Networks *		105,155		430
Alarm.com Holdings *		12,426		561
Amkor Technology *		65,854		695
Anixter International *		7,258		617
Arrow Electronics, Cl A *		6,986		562
Avnet		14,463		568
Axcelis Technologies *		28,173		771
AXT *		82,222		752
Bazaarvoice *		97,252		481
Benchmark Electronics *		16,609		567
Blackhawk Network Holdings, Cl A *		133,923		5,866
Blucora *		23,756		601
Bottomline Technologies *(A)		39,737		1,265
Brooks Automation		34,898		1,060
CalAmp *		198,008		4,604
Callidus Software *		119,013		2,934
Carbonite *		23,596		519



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Cavium *		35,255	$	2,325
Cimpress *(A)		25,067		2,448
Cohu		39,373		939
Convergys		31,461		815
Cornerstone OnDemand *		67,965		2,760
CoStar Group *		3,615		970
Criteo ADR *(A)		85,711		3,557
Cypress Semiconductor (A)		108,863		1,635
Diebold Nixdorf (A)		25,399		580
DST Systems		10,404		571
Echo Global Logistics *		41,609		784
Electronics For Imaging *		60,584		2,586
Envestnet *		11,348		579
Everbridge *		24,515		648
Extreme Networks *		47,013		559
Finisar *		134,364		2,979
FireEye *(A)		212,285		3,560
Five9 *		104,106		2,488
Flir Systems		14,280		556
FormFactor *		44,329		747
Gartner *		6,949		865
GTT Communications *		18,599		589
Hortonworks *		37,222		631
Ichor Holdings *		22,611		606
II-VI *		39,472		1,624
Insight Enterprises *		24,097		1,107
Instructure *		22,561		748
Integrated Device Technology *		131,459		3,494
Internap *(A)		121,243		527
Itron *		19,243		1,490
j2 Global		39,377		2,909
KEMET *		26,713		564
Littelfuse		8,592		1,683
LivePerson *		40,890		554
Marvell Technology Group		46,037		824
MAXIMUS		98,463		6,351
Mellanox Technologies *(A)		15,223		718
Monotype Imaging Holdings		27,902		537
Novanta *		15,953		696
Okta, Cl A *		18,437		520
ON Semiconductor *		261,871		4,837
PDF Solutions *		96,196		1,490
Perficient *		85,752		1,687
Photronics *		70,458		624
Power Integrations		10,198		746
Proofpoint *		24,069		2,099
Q2 Holdings *		14,528		605
QAD, Cl A		17,951		617
Quotient Technology *		33,942		531
Rudolph Technologies *		32,897		865
Sanmina *		65,435		2,431
Scansource *		28,414		1,240


SEI Institutional Managed Trust / Annual Report / September 30, 2017		27

SCHEDULE OF INVESTMENTS

September 30, 2017

Small Cap Fund (Concluded)



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Semtech *		15,231	$	572
Shutterstock *		26,130		870
Silicom		11,810		691
Stamps.com *		28,622		5,800
STMicroelectronics, Cl Y		164,357		3,192
Super Micro Computer *		45,566		1,007
SuperCom *(A)		79,000		276
Sykes Enterprises *		19,228		561
Synaptics *		21,935		859
SYNNEX		7,471		945
Tech Data *		22,537		2,002
Trade Desk, Cl A *		10,248		630
Ultra Clean Holdings *		27,753		850
Varonis Systems *		15,826		663
VeriFone Holdings *		101,130		2,051
Virtusa *		17,391		657
Web.com Group *		24,092		602
WNS Holdings ADR *		34,372		1,255
Zebra Technologies, Cl A *		6,200		673

				129,298

Materials — 3.2%
Allegheny Technologies (A)		54,021		1,291
Boise Cascade *		19,841		692
Cabot		12,564		701
Clearwater Paper *		11,840		583
Commercial Metals, Cl A		53,714		1,022
Ferro *		58,903		1,314
Ferroglobe		58,537		770
Ferroglobe Representation *		56,257		—
FutureFuel		3,082		49
Ingevity *		23,141		1,446
Innophos Holdings		12,621		621
KMG Chemicals		10,284		564
Louisiana-Pacific *		20,832		564
LSB Industries *(A)		104,423		829
Materion		15,095		651
Owens-Illinois *		28,481		717
Real Industry *		90,975		164
Reliance Steel & Aluminum		9,744		742
Schulman A		28,101		960
Silgan Holdings		24,811		730
Steel Dynamics		21,460		740
Trinseo		8,048		540
United States Steel (A)		71,315		1,830
US Concrete *(A)		34,169		2,607

				20,127

Real Estate — 3.7%
Alexander’s		1,310		556
Brandywine Realty Trust ^‡		56,167		982
Camden Property Trust ^‡		12,169		1,113



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
CBL & Associates Properties ^‡(A)		67,379	$	565
Cedar Realty Trust ^‡		115,856		651
Chesapeake Lodging Trust ^‡		80,627		2,175
DiamondRock Hospitality ^‡		72,018		789
Equity Commonwealth *^‡		91,782		2,790
Four Corners Property Trust ^‡		21,960		547
GEO Group ^‡		17,316		466
Getty Realty ^‡		48,981		1,401
Gramercy Property Trust		24,069		728
Jones Lang LaSalle		4,653		575
Kennedy-Wilson Holdings		32,897		610
LaSalle Hotel Properties ^‡		25,752		747
Medical Properties Trust ^‡		151,674		1,992
Park Hotels & Resorts ^‡		92,933		2,561
Physicians Realty Trust ^‡		30,356		538
RLJ Lodging Trust ^‡		45,182		994
STAG Industrial ^‡		40,529		1,113
Washington Prime Group ^‡		55,419		462
Xenia Hotels & Resorts ^‡		50,775		1,069

				23,424

Telecommunication Services — 0.2%
Boingo Wireless *		34,869		745
IDT, Cl B		34,545		486
Windstream Holdings (A)		55,749		99

				1,330

Utilities — 2.5%
ALLETE		38,381		2,966
El Paso Electric, Cl A		10,749		594
Hawaiian Electric Industries		16,172		540
Idacorp, Cl A		24,107		2,120
NorthWestern		12,860		732
ONE Gas		19,117		1,408
PNM Resources		26,317		1,061
Portland General Electric		34,182		1,560
SJW		11,419		646
Spire		17,267		1,289
UGI		43,308		2,029
Vistra Energy		46,636		872

				15,817
Total Common Stock (Cost $503,440) ($ Thousands)				582,518


28		SEI Institutional Managed Trust / Annual Report / September 30, 2017



Description	Number of Rights	Market Value ($ Thousands)

RIGHTS — 0.0%
Allos Therapeutics *^‡‡	45,500	$ –

Total Rights (Cost $—) ($ Thousands)		–

	Shares

AFFILIATED PARTNERSHIP — 9.7%
SEI Liquidity Fund, L.P. 1.110% **^†(B)	60,703,060	60,702

Total Affiliated Partnership (Cost $60,702) ($ Thousands)		60,702

A list of the open futures contracts held by the Fund at September 30, 2017, is as follows:



Description	Shares		Market Value ($ Thousands)

CASH EQUIVALENT — 7.2%
SEI Daily Income Trust, Government Fund, Cl F 0.840%**^†		45,088,888	$ 45,089

Total Cash Equivalent (Cost $45,089) ($ Thousands)			45,089

Total Investments in Securities — 109.7% (Cost $609,231) ($ Thousands)			$688,309

Type of

Contract

Number of
Contracts
Long

Expiration
Date

Notional Amount
($ Thousands)

Value

($ Thousands)

Unrealized
Appreciation
($ Thousands)

Russell 2000 Index E-MINI

266

Dec-2017

$18,878

$19,856

$978

Percentages are based on Net Assets of $627,490 ($ Thousands).

*	Non-income producing security.

**	Rate shown is the 7-day effective yield as of September 30, 2017.

^‡	Real Estate Investment Trust.

^‡‡	Expiration date not available.

^†	Investment in Affiliated Security (see Note 6).

(A)	Certain securities or partial positions of certain securities are on loan at September 30, 2017 (see Note 10). The total market value of securities on loan at September 30, 2017 was $59,669 ($ Thousands).

(B)	This security was purchased with cash collateral held from securities on loan (see Note 10). The total market value of such securities as of September 30, 2017 was $60,702 ($ Thousands).

ADR — American Depositary Receipt

Cl — Class

L.P. — Limited Partnership

The following is a list of the level of inputs used as of September 30, 2017, in valuing the Fund’s investments and other financial instruments carried at value ($ Thousands):



Investments in Securities	Level 1		Level 2		Level 3		Total
Common Stock	$	582,518	$	–	$	–	$	582,518
Rights		–		–		–		–
Affiliated Partnership		–		60,702		–		60,702
Cash Equivalent		45,089		–		–		45,089

Total Investments in Securities	$	627,607	$	60,702	$	–	$	688,309



Other Financial Instruments	Level 1		Level 2		Level 3		Total
Futures Contracts *
Unrealized Appreciation	$	978	$	—	$	—	$	978

Total Other Financial Instruments	$	978	$	—	$	—	$	978

* Futures contracts are valued at the unrealized appreciation on the instrument.

For the year ended September 30, 2017, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the year ended September 30, 2017, there were no transfers between Level 2 and Level 3 assets and liabilities.

The following is a summary of the Fund’s transactions with affiliates for the year ended September 30, 2017 ($ Thousands):



Security Description	Value 9/30/2016		Purchases at Cost		Proceeds from Sales		Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)		Value 9/30/2017		Dividend Income
SEI Liquidity Fund, L.P.		$ 52,352		$ 191,557		$ (183,206)		$ (1)		$ —		$ 60,702	$ 698
SEI Daily Income Trust, Government Fund, CI F		35,775		196,946		(187,632)		—		—		45,089	199

Totals		$ 88,127		$ 388,503		$ (370,838)		$ (1)		$ —		$ 105,791	$ 897

For more information on valuation inputs, see Note 2 – Significant Accounting Policies in Notes to Financial Statements.

Amounts designated as “—” are $0 or have been rounded to $0.

The accompanying notes are an integral part of the financial statements.


SEI Institutional Managed Trust / Annual Report / September 30, 2017		29

SCHEDULE OF INVESTMENTS

September 30, 2017

Small Cap Value Fund



Description	Shares		Market Value ($ Thousands)

COMMON STOCK^†† — 94.7%

Consumer Discretionary — 10.0%
Aaron’s		26,390	$	1,151
Adtalem Global Education		23,844		855
AMC Networks, Cl A *		5,000		292
American Axle & Manufacturing Holdings *		45,273		796
American Outdoor Brands *(A)		18,394		281
American Public Education *		15,575		328
Beazer Homes USA, Cl A *		24,155		453
Big 5 Sporting Goods (A)		24,367		186
Big Lots (A)		40,025		2,144
Bloomin’ Brands		47,711		840
Boyd Gaming		28,661		747
Brinker International		10,154		324
Capella Education		3,910		274
Century Communities *		28,512		704
Children’s Place		3,303		390
Cooper Tire & Rubber (A)		11,950		447
Cooper-Standard Holdings *		14,116		1,637
CSS Industries		19,629		566
Dana		68,012		1,902
Deckers Outdoor *		6,411		439
Express *		47,705		323
Extended Stay America		42,259		845
Finish Line, Cl A (A)		33,533		403
Gentherm *		22,919		851
Goodyear Tire & Rubber		10,433		347
Group 1 Automotive		9,112		660
Haverty Furniture		23,891		625
Hibbett Sports *		18,174		259
K12 *		18,120		323
La-Z-Boy, Cl Z		14,509		390
Lear		4,974		861
Libbey		61,102		566
Lithia Motors, Cl A		21,621		2,601
MDC Partners, Cl A		56,323		620
Meritage Homes *		8,656		384
Modine Manufacturing *		28,696		552
Murphy USA *(A)		6,462		446
Nexstar Media Group, Cl A		34,887		2,174
Office Depot		198,812		903
Party City Holdco *		39,118		530
Rent-A-Center (A)		28,363		326
Sequential Brands Group *(A)		89,081		266
Signet Jewelers		8,030		534
Six Flags Entertainment		37,170		2,265
Skechers U.S.A., Cl A *		63,416		1,591
Sonic Automotive, Cl A		23,628		482
Stoneridge *		23,900		473
Tower International		23,082		628
Vera Bradley *		21,900		193
Visteon *		4,677		579
Wendy’s		73,744		1,145



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
WideOpenWest *		21,623	$	326
Wolverine World Wide		25,476		735

				38,962

Consumer Staples — 3.7%
Andersons		9,893		339
Central Garden & Pet, Cl A *		38,026		1,414
Dean Foods		32,237		351
Fresh Del Monte Produce		22,165		1,008
HRG Group *		75,655		1,181
Ingles Markets, Cl A		16,429		422
Lamb Weston Holdings		18,056		847
Landec *		29,720		385
Omega Protein		62,072		1,034
Performance Food Group *		24,737		699
Pinnacle Foods		30,694		1,755
Sanderson Farms (A)		17,233		2,783
SpartanNash		32,003		844
SUPERVALU *		16,938		368
United Natural Foods *		9,940		413
Universal		5,746		329

				14,172

Energy — 4.8%
Arch Coal (A)		4,757		341
Ardmore Shipping (A)		50,480		416
Atwood Oceanics, Cl A *(A)		43,440		408
Callon Petroleum *		188,970		2,124
Forum Energy Technologies *		34,847		554
Gulfport Energy *		136,226		1,953
McDermott International *		66,633		484
Newpark Resources, Cl A *		42,893		429
Pacific Ethanol *		75,746		420
Parsley Energy, Cl A *		77,491		2,041
Patterson-UTI Energy		35,276		739
PBF Energy, Cl A (A)		89,631		2,475
Range Resources		16,452		322
Renewable Energy Group *(A)		36,223		440
REX American Resources *		5,750		540
RSP Permian *		36,736		1,271
Scorpio Tankers		114,784		394
Smart Sand *		25,743		175
Southwestern Energy *		214,215		1,309
StealthGas *		108,300		358
TETRA Technologies *		167,183		478
Ultra Petroleum *		47,523		412
Whiting Petroleum *		131,479		718

				18,801

Financials — 26.8%
1st Source		8,992		457
AG Mortgage Investment Trust ^‡		20,461		394


30		SEI Institutional Managed Trust / Annual Report / September 30, 2017



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
American Equity Investment Life Holding		120,011	$	3,490
Ameris Bancorp		16,637		799
Argo Group International Holdings		29,822		1,834
Aspen Insurance Holdings		33,947		1,371
Assured Guaranty		25,759		972
Axis Capital Holdings		9,760		559
Banc of California (A)		16,595		344
BancFirst		12,540		712
Banco Latinoamericano de Comercio Exterior, Cl E		20,311		598
Bancorp *		44,895		371
BankUnited		10,413		370
Berkshire Hills Bancorp		16,845		653
BGC Partners, Cl A		193,233		2,796
BlackRock Capital Investment		51,618		387
Camden National		19,831		865
Capitol Federal Financial		81,811		1,203
Central Pacific Financial		58,078		1,869
Chemical Financial		16,193		846
CNO Financial Group		137,691		3,214
Columbia Banking System		70,409		2,965
Community Trust Bancorp		18,404		856
Everest Re Group		4,750		1,085
Federal Agricultural Mortgage, Cl C		19,362		1,408
Fidelity Southern		38,251		904
First BanCorp Puerto Rico *		88,371		452
First Busey		23,488		737
First Commonwealth Financial		207,955		2,938
First Community Bancshares		17,875		520
First Foundation *		29,563		529
First Interstate BancSystem, Cl A		34,364		1,314
First Merchants		13,094		562
FirstCash		27,585		1,742
Flagstar Bancorp *		19,831		704
Flushing Financial		48,597		1,444
FNB (Pennsylvania)		184,733		2,592
FNFV Group *		25,893		444
Fulton Financial		120,960		2,268
Great Western Bancorp		35,569		1,468
Green Dot, Cl A *		16,738		830
Hancock Holding, Cl A		11,177		542
Hanmi Financial		29,125		901
Hanover Insurance Group, Cl A		22,241		2,156
Heartland Financial USA		11,322		559
Hercules Capital, Cl A		37,894		489
IBERIABANK		31,303		2,572
Independent Bank Group		9,098		549
International Bancshares		11,436		459
International FCStone *		10,209		391
Investors Bancorp		27,443		374
Kemper, Cl A		19,414		1,029
Ladder Capital, Cl A		25,953		358



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Legg Mason		32,462	$	1,276
Maiden Holdings		59,645		474
MainSource Financial Group		18,336		658
MB Financial		69,136		3,113
Meridian Bancorp		32,095		599
MFA Financial ^‡		46,765		410
MGIC Investment *		166,948		2,092
National Bank Holdings, Cl A		11,617		415
National Western Life Group, Cl A		1,198		418
Nationstar Mortgage Holdings *		20,779		386
Nelnet, Cl A		14,958		755
Northfield Bancorp		20,661		358
OFG Bancorp		224,695		2,056
Old National Bancorp, Cl A		123,994		2,269
PacWest Bancorp		75,057		3,791
PennantPark Investment		48,015		361
PennyMac Financial Services, Cl A *		21,954		391
PennyMac Mortgage Investment Trust ^‡		20,913		364
Piper Jaffray		5,949		353
PJT Partners		8,591		329
Popular		47,941		1,723
Primerica		7,400		604
ProAssurance		6,156		336
Radian Group		80,756		1,509
Regional Management *		17,580		426
Republic Bancorp, Cl A		16,500		642
Selective Insurance Group		7,880		424
Simmons First National, Cl A		6,674		386
SLM *		150,583		1,727
South State		24,795		2,233
Starwood Property Trust ^‡		133,544		2,901
State Bank Financial		23,470		672
Sterling Bancorp		17,191		424
TCF Financial		42,624		726
TriCo Bancshares		10,384		423
Umpqua Holdings		60,018		1,171
Union Bankshares		13,382		472
Universal Insurance Holdings		14,618		336
Validus Holdings		37,541		1,847
Voya Financial		26,199		1,045
Waddell & Reed Financial, Cl A (A)		20,862		419
Western Alliance Bancorp *		19,434		1,032
Wintrust Financial		11,595		908
World Acceptance *(A)		6,524		541

				104,040

Health Care — 4.8%
Acadia Healthcare, Cl A *(A)		14,826		708
Accuray *(A)		89,986		360
Allscripts Healthcare Solutions *		53,535		762
AMN Healthcare Services *(A)		12,731		582
Exactech *		12,600		415


SEI Institutional Managed Trust / Annual Report / September 30, 2017		31

SCHEDULE OF INVESTMENTS

September 30, 2017

Small Cap Value Fund (Continued)



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Integer Holdings *		14,803	$	757
Kindred Healthcare		31,350		213
Lannett *(A)		128,997		2,380
Lantheus Holdings *		20,045		357
LifePoint Health *		5,618		325
Ligand Pharmaceuticals *(A)		26,481		3,605
Magellan Health *		13,669		1,180
Molina Healthcare *		6,154		423
Omnicell *		14,392		735
Owens & Minor		11,618		339
Pacira Pharmaceuticals *		9,330		350
PDL BioPharma *		112,744		382
PRA Health Sciences *		10,135		772
Prestige Brands Holdings, Cl A *		12,668		635
QIAGEN		10,836		341
SciClone Pharmaceuticals *		32,711		366
Sucampo Pharmaceuticals, Cl A *(A)		34,280		405
Supernus Pharmaceuticals *		12,362		494
Trinity Biotech ADR *		87,116		489
Triple-S Management, Cl B *		23,461		556
United Therapeutics *		3,013		353
WellCare Health Plans *		2,182		375

				18,659

Industrials — 15.4%
AAR		12,740		481
ACCO Brands *		135,603		1,614
Advisory Board *		21,229		1,138
Aerojet Rocketdyne Holdings *		15,503		543
Aircastle		16,047		358
Alaska Air Group		7,115		543
Albany International, Cl A		9,926		570
American Woodmark *		7,455		717
ARC Document Solutions *		96,637		395
ArcBest		12,113		405
Atlas Air Worldwide Holdings *		29,603		1,948
Avis Budget Group *		13,232		504
Barnes Group		16,250		1,145
BMC Stock Holdings *		47,974		1,024
Briggs & Stratton		22,090		519
Brink’s		9,511		801
BWX Technologies, Cl W		39,855		2,233
Crane, Cl A		22,081		1,766
Curtiss-Wright		16,994		1,777
Deluxe (A)		5,619		410
EMCOR Group		13,066		906
Ennis		47,665		937
Essendant		33,853		446
Esterline Technologies *		4,466		403
FreightCar America, Cl A		20,123		394
Genesee & Wyoming, Cl A *		43,712		3,235
Global Brass & Copper Holdings		21,387		723



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Great Lakes Dredge & Dock *		106,853	$	518
Greenbrier (A)		7,858		378
Hawaiian Holdings *		23,263		873
Herman Miller		11,532		414
Huntington Ingalls Industries, Cl A		1,939		439
Hyster-Yale Materials Handling		7,040		538
ICF International, Cl A *		8,817		476
InnerWorkings *		32,620		367
ITT		49,796		2,204
JELD-WEN Holding *		10,459		371
JetBlue Airways *		48,878		906
Kaman, Cl A (A)		31,682		1,767
KAR Auction Services		60,201		2,874
KBR		29,492		527
Kelly Services, Cl A		15,409		387
LB Foster, Cl A		24,101		548
LSC Communications		21,683		358
ManpowerGroup		3,151		371
MasTec *		17,534		814
Meritor *		77,991		2,029
MRC Global *		47,606		833
Navigant Consulting *		25,322		428
On Assignment *		7,775		417
Orion Group Holdings *		37,085		243
Oshkosh Truck		5,182		428
Owens Corning		5,868		454
Roadrunner Transportation Systems *		41,310		394
RPX *		27,194		361
RR Donnelley & Sons		6,328		65
Rush Enterprises, Cl A *		9,844		456
Saia *		16,801		1,053
Skywest		22,146		972
SP Plus *		9,882		390
Sparton *		16,702		388
Spirit Airlines *		6,872		230
Steelcase, Cl A		35,261		543
Teledyne Technologies *		18,161		2,891
Timken		7,698		374
Triumph Group		25,337		754
TrueBlue *		30,892		693
Tutor Perini *(A)		32,117		912
Univar *		19,180		555
Vectrus *		20,021		617
VSE		7,000		398
Wabash National (A)		57,473		1,311
Wesco Aircraft Holdings *		32,950		310
WESCO International *		6,443		375

				59,939

Information Technology — 11.6%
Acacia Communications *(A)		6,218		293
ACI Worldwide *		83,964		1,913


32		SEI Institutional Managed Trust / Annual Report / September 30, 2017



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Aerohive Networks *		78,884	$	323
Alpha & Omega Semiconductor *		20,514		338
Amkor Technology *		110,219		1,163
Anixter International *		5,968		507
Bazaarvoice*		74,089		367
Benchmark Electronics *		38,523		1,316
Blackhawk Network Holdings, Cl A *		16,174		708
Bottomline Technologies *		32,107		1,022
Brooks Automation		19,620		596
Cirrus Logic *		6,341		338
Convergys		32,943		853
CSG Systems International		17,538		703
Cypress Semiconductor (A)		39,370		591
Diebold Nixdorf (A)		25,051		572
DST Systems		6,675		366
ePlus *		5,195		480
Finisar *		44,072		977
IAC *		30,606		3,599
II-VI *		22,832		940
Insight Enterprises *		35,361		1,624
Integrated Device Technology *		50,007		1,329
Itron *		10,351		802
j2 Global		22,389		1,654
Jabil		30,410		868
Kulicke & Soffa Industries *		28,808		621
Littelfuse		3,340		654
Marvell Technology Group		23,080		413
Match Group *		40,295		934
Mellanox Technologies *		14,171		668
NETGEAR *		7,905		376
Photronics *		54,115		479
Power Integrations		9,883		723
QAD, Cl A		11,426		393
Rudolph Technologies *		15,004		395
Sanmina *		74,103		2,753
Scansource*		35,970		1,570
Silicon Motion Technology ADR (A)		32,737		1,572
Super Micro Computer *		13,448		297
SuperCom *(A)		86,200		302
Sykes Enterprises *		39,969		1,166
Synaptics *		18,515		725
SYNNEX		11,478		1,452
Tech Data *		23,227		2,064
Travelport Worldwide		24,551		385
TTM Technologies *		20,107		309
VeriFone Holdings *		82,826		1,680
Virtusa *		17,145		648
Zebra Technologies, Cl A *		4,150		451

				45,272

Materials — 6.2%
Allegheny Technologies (A)		25,632		612



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Ashland Global Holdings		11,277	$	737
Boise Cascade *		12,453		435
Cabot		24,268		1,354
Clearwater Paper *		7,343		362
Cleveland-Cliffs *		49,070		351
Commercial Metals, Cl A		45,076		858
Domtar		9,464		411
Ferro *		21,563		481
Ferroglobe		44,386		584
Ferroglobe Representation *		53,302		—
FMC		32,353		2,889
Huntsman		21,658		594
Ingevity *		10,213		638
Innophos Holdings		8,414		414
LSB Industries *(A)		85,903		682
Materion		10,377		448
Owens-Illinois*		54,795		1,379
PH Glatfelter		14,800		288
Reliance Steel & Aluminum		4,695		358
Schulman A		28,589		976
Schweitzer-Mauduit International		13,474		559
Silgan Holdings		99,914		2,940
Steel Dynamics		10,646		367
Trinseo		19,782		1,327
United States Steel (A)		59,746		1,533
Valvoline		110,805		2,598

				24,175

Real Estate — 7.6%
Alexander’s		873		370
Brandywine Realty Trust ^‡		38,776		678
Camden Property Trust ^‡		4,498		411
CBL & Associates Properties ^‡(A)		67,602		567
Chatham Lodging Trust (A)		24,600		525
Chesapeake Lodging Trust ^‡		27,778		749
DiamondRock Hospitality ^‡(A)		69,772		764
Equity Commonwealth *^‡		43,795		1,331
Four Corners Property Trust ^‡		14,701		366
Franklin Street Properties ^‡		48,401		514
Gaming and Leisure Properties ^‡		60,524		2,233
Getty Realty ^‡		65,648		1,878
Gramercy Property Trust		11,946		361
Hersha Hospitality Trust, Cl A ^‡(A)		19,883		371
Hospitality Properties Trust ^‡		19,215		547
Howard Hughes *		20,585		2,428
InfraREIT^‡		15,676		351
Kennedy-Wilson Holdings		26,610		494
Lexington Realty Trust ^‡		57,000		583
Mack-Cali Realty ^‡		13,308		316
MedEquities Realty Trust		36,345		427
Medical Properties Trust ^‡(A)		174,357		2,289
Park Hotels & Resorts ^‡		45,672		1,259


SEI Institutional Managed Trust / Annual Report / September 30, 2017		33

SCHEDULE OF INVESTMENTS

September 30, 2017

Small Cap Value Fund (Concluded)



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Physicians Realty Trust ^‡		19,612	$	348
Piedmont Office Realty Trust, Cl A ^‡		33,015		666
RLJ Lodging Trust ^‡		25,041		551
Sabra Health Care ^‡		54,701		1,200
Select Income ^‡		51,974		1,217
Senior Housing Properties Trust ^‡		29,148		570
STAG Industrial ^‡		27,599		758
Starwood Waypoint Homes ^‡		49,986		1,818
Summit Hotel Properties ^‡		58,608		937
Two Harbors Investment ^‡		35,895		362
Xenia Hotels & Resorts ^‡		62,795		1,322

				29,561

Telecommunication Services — 0.2%
Cincinnati Bell *		22,058		438
Iridium Communications *(A)		37,235		383

				821

Utilities — 3.6%
ALLETE		25,691		1,986
Avista		10,906		564
Idacorp, Cl A		16,001		1,407
ONE Gas		11,653		858
PNM Resources		51,658		2,082
Portland General Electric		47,923		2,187
SJW		12,634		715
Southwest Gas Holdings		5,740		445



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Spire		14,490	$	1,082
UGI		20,842		977
Unitil		23,347		1,155
Vistra Energy		31,290		585

				14,043

Total Common Stock (Cost $303,165) ($ Thousands)				368,445

AFFILIATED PARTNERSHIP — 8.5%
SEI Liquidity Fund, L.P. 1.110% **^†(B)		33,168,176		33,169

Total Affiliated Partnership (Cost $33,168) ($ Thousands)				33,169

CASH EQUIVALENT — 3.1%
SEI Daily Income Trust, Government Fund, Cl F 0.840% **^†		11,855,222		11,855

Total Cash Equivalent (Cost $11,855) ($ Thousands)				11,855

Total Investments in Securities — 106.3% (Cost $348,188) ($ Thousands)			$	413,469

A list of the open futures contracts held by the Fund at September 30, 2017, is as follows:

Type of

Contract

Number of

Contracts

Long

Expiration

Date

Notional Amount

($ Thousands)

Value

($ Thousands)

Unrealized

Appreciation

($ Thousands)

Russell 2000 Index E-MINI

Dec-2017

$3,724

$3,732

Percentages are based on Net Assets of $389,005 ($ Thousands).

*	Non-income producing security.

**	Rate shown is the 7-day effective yield as of September 30, 2017.

^‡	Real Estate Investment Trust.

^†	Investment in Affiliated Security (see Note 6).

^†^†	Narrow Industries are utilized for compliance purposes, whereas broad sectors are utilized for reporting.

(A)	Certain securities or partial positions of certain securities are on loan at September 30, 2017 (see Note 10). The total market value of securities on loan at September 30, 2017 was $32,558 ($ Thousands).

(B)	This security was purchased with cash collateral held from securities on loan (see Note 10). The total market value of such securities as of September 30, 2017 was $33,169 ($ Thousands).

ADR — American Depositary Receipt

Cl — Class

L.P. — Limited Partnership

The following is a list of the level of inputs used as of September 30, 2017, in valuing the Fund’s investments and other financial instruments carried at value ($ Thousands):



Investments in Securities	Level 1		Level 2		Level 3		Total
Common Stock	$	368,445	$	–	$	–	$	368,445
Affiliated Partnership		–		33,169		–		33,169
Cash Equivalent		11,855		–		–		11,855

Total Investments in Securities	$	380,300	$	33,169	$	–	$	413,469



Other Financial Instruments	Level 1		Level 2		Level 3		Total
Futures Contracts *
Unrealized Appreciation	$	8	$	–	$	–	$	8

Total Other Financial Instruments	$	8	$	–	$	–	$	8

* Futures contracts are valued at the unrealized appreciation on the instrument.

For the year ended September 30, 2017, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the year ended September 30, 2017, there were no transfers between Level 2 and Level 3 assets and liabilities.


34		SEI Institutional Managed Trust / Annual Report / September 30, 2017

The following is a summary of the Fund’s transactions with affiliates for the year ended September 30, 2017 ($ Thousands):


Security Description	Value 9/30/2016		Purchases at Cost		Proceeds from Sales		Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)		Value 9/30/2017		Dividend Income
SEI Liquidity Fund, L.P.		$ 104,013		$ 162,697		$ (233,540)		$ (2)		$ 1		$ 33,169		$ 511
SEI Daily Income Trust, Government Fund, CI F		17,700		114,773		(120,618)		—		—		11,855		97

Totals		$ 121,713		$ 277,470		$ (354,158)		$ (2)		$ 1		$ 45,024		$ 608

For more information on valuation inputs, see Note 2 – Significant Accounting Policies in Notes to Financial Statements.

Amounts designated as “—” are $0 or have been rounded to $0.

The accompanying notes are an integral part of the financial statements.


SEI Institutional Managed Trust / Annual Report / September 30, 2017		35

SCHEDULE OF INVESTMENTS

September 30, 2017

Small Cap Growth Fund



Description	Shares		Market Value ($ Thousands)

COMMON STOCK^†† — 95.1%

Consumer Discretionary — 11.5%
Aaron’s		6,963	$	304
AMC Entertainment Holdings, Cl A (A)		78,395		1,152
Bob Evans Farms		14,284		1,107
Boot Barn Holdings *(A)		38,620		344
Bright Horizons Family Solutions *		33,451		2,884
Camping World Holdings, Cl A		13,937		568
Carter’s		18,451		1,822
Children’s Place		7,852		928
Conn’s *(A)		54,318		1,529
Core-Mark Holding, Cl A		37,133		1,194
Dana		13,198		369
Dave & Buster’s Entertainment *		6,414		337
Five Below *		6,181		339
Floor & Decor Holdings, Cl A *		8,691		338
Grand Canyon Education *		27,520		2,499
Helen of Troy *		3,510		340
Hibbett Sports *(A)		22,262		317
Installed Building Products *		5,320		345
Jack in the Box		13,044		1,329
Lithia Motors, Cl A		4,768		574
Lumber Liquidators Holdings *		10,628		414
Malibu Boats, Cl A *		40,749		1,289
Modine Manufacturing *		19,112		368
Monro (A)		23,046		1,292
National CineMedia		106,046		740
Ollie’s Bargain Outlet Holdings *		64,996		3,016
Planet Fitness, Cl A		134,274		3,623
Playa Hotels & Resorts *		80,860		843
Red Robin Gourmet Burgers *		14,378		963
Sally Beauty Holdings *		102,708		2,011
Select Comfort *		15,948		495
Sotheby’s *		5,727		264
Tenneco		6,872		417
TopBuild *		5,994		391
Visteon *		3,086		382
Weight Watchers International *(A)		12,018		523
William Lyon Homes, Cl A *		67,016		1,541
Winnebago Industries		8,181		366
Wolverine World Wide		55,377		1,598
ZAGG*		22,001		347

				39,502

Consumer Staples — 1.3%
Casey’s General Stores (A)		4,500		493
Central Garden & Pet *		24,259		942
Chefs’ Warehouse Holdings *(A)		22,842		441
elf Beauty *(A)		17,014		384
Freshpet*(A)		19,292		302
Hostess Brands, Cl A *		99,278		1,356



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Primo Water *		48,119	$	570

				4,488
Energy — 0.9%
Carrizo Oil & Gas *		38,215		655
Evolution Petroleum		136,472		983
Forum Energy Technologies *		14,220		226
Matador Resources *		14,102		383
Oil States International *		11,341		287
RigNet, Cl A *		36,005		619

				3,153
Financials — 4.6%
Eagle Bancorp *		36,867		2,472
Essent Group *		8,472		343
Evercore, Cl A		16,716		1,341
Financial Engines		24,497		851
Houlihan Lokey, Cl A		15,676		613
LendingTree *		1,874		458
LPL Financial Holdings		7,517		388
Moelis, Cl A		16,263		700
PennantPark Investment		99,438		747
Primerica		4,495		367
TPG Pace Energy Holdings *		65,828		669
TPG Pace Holdings *		45,795		472
Trupanion *(A)		17,855		472
United Community Banks		53,337		1,522
Value Creation *(B)(C)(D)(E)		145,600		61
Walker & Dunlop *		11,248		589
Wintrust Financial		36,144		2,830
WisdomTree Investments		97,181		989

				15,884

Health Care — 23.4%
Acadia Healthcare, Cl A *(A)		45,812		2,188
Accelerate Diagnostics *(A)		26,512		595
Acceleron Pharma *		8,077		301
Aclaris Therapeutics *		15,375		397
Adamas Pharmaceuticals *(A)		57,367		1,214
Aerie Pharmaceuticals *		19,022		924
Akebia Therapeutics *		20,457		402
AMAG Pharmaceuticals *(A)		68,952		1,272
AMN Healthcare Services *		66,240		3,027
Ardelyx *		62,326		349
Array BioPharma *		29,693		365
Atara Biotherapeutics *(A)		24,545		406
AtriCure *		23,556		527
Avadel Pharmaceuticals ADR *		64,308		675
Avexis *		6,029		583
AxoGen *		21,007		407
Bluebird Bio *		3,210		441
Blueprint Medicines *		6,519		454


36		SEI Institutional Managed Trust / Annual Report / September 30, 2017



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Cambrex *		6,179	$	340
Capital Senior Living *		78,129		981
Catalent *		7,694		307
Chimerix *		95,801		503
Clementia Pharmaceuticals *		20,018		338
Clovis Oncology *		7,973		657
Corcept Therapeutics *		21,195		409
CryoLife *		70,307		1,596
Cutera *		14,193		587
Cymabay Therapeutics *		44,161		356
DBV Technologies ADR *		16,650		707
Dynavax Technologies *(A)		19,926		428
Eagle Pharmaceuticals *(A)		4,122		246
Endologix *(A)		99,794		445
Entellus Medical *(A)		33,018		610
Esperion Therapeutics *		7,339		368
Evolent Health, Cl A *(A)		29,388		523
Exact Sciences *		54,254		2,556
FibroGen *		9,380		505
Global Blood Therapeutics *		12,756		396
GlycoMimetics *		23,622		331
HealthEquity *		16,626		841
HealthStream *		18,971		443
Heron Therapeutics *		33,873		547
ICON *		3,850		438
Ignyta *		44,289		547
ImmunoGen *(A)		49,076		375
Immunomedics *(A)		153,846		2,151
INC Research Holdings, Cl A *		21,760		1,138
Innoviva *		24,055		340
Inogen *		19,300		1,835
Insmed *		11,778		368
Insulet*(A)		13,394		738
Integra LifeSciences Holdings *		25,101		1,267
Intersect ENT *		24,034		749
iRhythm Technologies *		17,406		903
La Jolla Pharmaceutical *		12,487		434
LHC Group *		5,080		360
Ligand Pharmaceuticals *		13,002		1,770
Loxo Oncology *		8,008		738
Medidata Solutions *		36,231		2,828
Merit Medical Systems *(A)		20,769		880
Mersana Therapeutics *(A)		23,218		401
MiMedx Group *(A)		23,769		282
Molina Healthcare *		4,604		317
MyoKardia *		9,486		407
Natus Medical *		16,666		625
Nektar Therapeutics, Cl A *		16,180		388
NeoGenomics *		149,839		1,668
Neurocrine Biosciences *		7,224		443
Neuroderm *(A)		11,950		465
Nevro *		22,100		2,008



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Omeros *(A)		14,738	$	319
Omnicell *		38,959		1,989
OraSure Technologies *		78,364		1,763
Pacific Biosciences of California *		83,431		438
Paratek Pharmaceuticals *		23,957		601
Penumbra *		8,426		761
Portola Pharmaceuticals, Cl A *		5,898		319
PRA Health Sciences *		39,282		2,992
Prestige Brands Holdings, Cl A *		59,148		2,963
Prothena *		4,899		317
Puma Biotechnology *		3,402		407
Quidel *		9,810		430
Revance Therapeutics *		24,533		676
Sangamo Therapeutics *		22,778		342
Sarepta Therapeutics *		10,881		494
Spark Therapeutics *		4,011		358
Supernus Pharmaceuticals *		64,200		2,568
Syndax Pharmaceuticals *		34,045		398
Synergy Pharmaceuticals *(A)		158,811		461
Tactile Systems Technology *		40,549		1,255
Teladoc *(A)		24,160		801
TG Therapeutics *(A)		27,507		326
Tivity Health *		9,127		372
Vanda Pharmaceuticals *		42,739		765
Veracyte *		73,147		642
Vocera Communications *		75,566		2,371
WaVe Life Sciences *(A)		21,119		459
Xencor *		14,022		321

				80,318

Industrials — 20.8%
ABM Industries		10,906		455
Advisory Board *		7,544		405
Aerojet Rocketdyne Holdings *		11,157		391
AGCO		4,550		336
Air Transport Services Group *		97,075		2,363
Altra Industrial Motion		7,211		347
American Woodmark *		3,602		347
Apogee Enterprises		39,805		1,921
Astec Industries		7,807		437
Axon Enterprise *(A)		26,415		599
Builders FirstSource *		21,311		383
BWX Technologies, Cl W		31,729		1,777
Clean Harbors *		27,011		1,532
Columbus McKinnon		13,059		495
Deluxe		47,514		3,467
Dycom Industries *		4,072		350
EnPro Industries		4,440		358
Exponent		15,055		1,113
Fortress Transportation & Infrastructure Investors		29,285		528
Forward Air		28,777		1,647


SEI Institutional Managed Trust / Annual Report / September 30, 2017		37

SCHEDULE OF INVESTMENTS

September 30, 2017

Small Cap Growth Fund (Continued)



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Gardner Denver Holdings *		14,840	$	408
Graham, Cl A		14,789		308
Granite Construction		14,887		863
H&E Equipment Services		16,643		486
Harsco *		16,426		343
Hawaiian Holdings *		7,861		295
Healthcare Services Group		51,806		2,796
Heartland Express		84,262		2,113
Heritage-Crystal Clean *		91,560		1,991
Hudson Technologies *		100,091		782
InnerWorkings *		164,876		1,855
John Bean Technologies, Cl A		44,960		4,545
Kadant		4,161		410
Kennametal		49,212		1,985
Kirby *		25,268		1,666
Knight-Swift Transportation Holdings, Cl A *		26,743		1,111
Kornit Digital *(A)		22,044		337
Kratos Defense & Security Solutions *		30,243		396
MasTec *		43,610		2,023
Mercury Systems *		69,272		3,594
MSC Industrial Direct, Cl A		6,954		526
Multi-Color		20,644		1,692
Navistar International *		8,235		363
NV5 Global *		26,656		1,457
On Assignment *		38,770		2,081
Proto Labs *		16,487		1,324
RBC Bearings *		6,108		764
Ritchie Bros. Auctioneers (A)		23,576		745
Roadrunner Transportation Systems *		32,205		307
Rush Enterprises, Cl A *		11,423		529
Saia *		5,736		359
SiteOne Landscape Supply *		6,273		364
SP Plus *		57,255		2,262
Steelcase, Cl A		18,854		290
Sun Hydraulics		6,652		359
Tennant		20,100		1,331
TriNet Group *		73,375		2,467
Triton International		10,208		340
TrueBlue *		27,457		616
WABCO Holdings *		2,320		343
WageWorks *		38,501		2,337
XPO Logistics *		41,710		2,827

				71,241

Information Technology — 28.8%
2U *		36,798		2,062
3D Systems *(A)		37,923		508
Actua *		75,889		1,161
Acxiom *		72,164		1,778
Advanced Energy Industries *		9,054		731
Alarm.com Holdings *		7,135		322
Applied Optoelectronics *(A)		4,594		297



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Aspen Technology *		11,077	$	696
Axcelis Technologies *		16,785		459
AXT *		47,077		431
Barracuda Networks *		29,257		709
Benefitfocus *(A)		10,255		345
Blackbaud, Cl A		4,636		407
Blackhawk Network Holdings, Cl A *		67,636		2,962
Blackline *		16,153		551
Blucora *		16,380		414
Brooks Automation		11,359		345
CalAmp *		87,333		2,030
Callidus Software *		125,475		3,093
Carbonite *		72,460		1,594
Cavium *		20,818		1,373
ChannelAdvisor *		47,879		551
Ciena *		19,258		423
Cimpress *(A)		15,131		1,478
Cirrus Logic *		6,847		365
Cognex		19,477		2,148
Coherent *		9,157		2,153
Cohu		14,310		341
comScore *(A)		16,407		472
Cornerstone OnDemand *		43,253		1,757
CTS		38,543		929
CyberArk Software *		12,098		496
Descartes Systems Group *		21,036		575
Electronics For Imaging *		39,249		1,675
Entegris *		11,786		340
Envestnet *		28,717		1,465
Euronet Worldwide *		30,800		2,920
Everbridge *		39,068		1,032
Exa *		80,693		1,951
Extreme Networks *		51,689		615
Finisar *		51,909		1,151
FireEye *(A)		178,365		2,991
Five9 *		68,935		1,648
FormFactor *		34,279		578
Forrester Research		14,808		620
GrubHub *(A)		32,926		1,734
GTT Communications *		10,557		334
Guidewire Software, Cl Z *		6,699		522
Hortonworks *		21,470		364
HubSpot *		5,300		445
Ichor Holdings *		13,514		362
II-VI *		10,883		448
Instructure *		13,104		434
Internap *		66,360		289
KEMET *		33,117		700
Littelfuse		17,690		3,465
LivePerson *		113,838		1,543
LogMeIn		24,792		2,728
Lumentum Holdings *		10,917		593


38		SEI Institutional Managed Trust / Annual Report / September 30, 2017



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
MAXIMUS		32,564	$	2,100
Mesa Laboratories		3,255		486
Microsemi *		9,385		483
MKS Instruments		5,944		561
Monolithic Power Systems		32,645		3,478
New Relic *		22,818		1,136
Okta, Cl A *		11,262		318
Paycom Software *		19,694		1,476
Paylocity Holding *		6,464		316
PDF Solutions *		60,594		939
Pegasystems		22,245		1,282
Perficient *		42,314		832
Presidio *(A)		54,220		767
Proofpoint *(A)		21,450		1,871
Q2 Holdings *		63,388		2,640
QAD, Cl A		19,937		685
Quotient Technology *		19,593		307
RealPage *		31,702		1,265
RingCentral, Cl A *		76,857		3,209
Rogers *		3,742		499
Shutterstock *		31,940		1,063
Silicom		5,995		351
Silicon Laboratories *		8,336		666
Stamps.com *		2,994		607
Stratasys *		33,361		771
Trade Desk, Cl A *		12,398		763
Tyler Technologies *		9,103		1,587
Ultra Clean Holdings *		18,097		554
Universal Display		2,440		314
USA Technologies *		57,734		361
Varonis Systems *		8,871		372
Web.com Group *		20,653		516
XO Group *		66,199		1,302

				98,780

Materials — 2.2%
Ferro *		16,267		363
Ingevity *		7,092		443
KMG Chemicals		8,787		482
Louisiana-Pacific *		27,119		734
PolyOne		10,783		432
Sensient Technologies		8,294		638
Summit Materials, Cl A *		72,333		2,317
Trinseo		5,810		390
US Concrete *		21,042		1,605

				7,404

Real Estate — 1.4%
CoreSite Realty ^‡		16,131		1,805
FirstService		7,511		494
Jernigan Capital ^‡(A)		25,204		518
Medical Properties Trust ^‡		93,961		1,234



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
National Storage Affiliates Trust ^‡		38,379	$	930

				4,981

Telecommunication Services — 0.2%
Boingo Wireless *		19,646		420

Vonage Holdings *		43,751		356

				776

Total Common Stock (Cost $275,937) ($ Thousands)				326,527

	Number of Rights

*RIGHTS — 0.0%**
Dyax CVR, Expires 12/31/2019		7,184		–

Durata Therapeutics ^‡‡(C)		8,500		–

Total Rights (Cost $—) ($ Thousands)				–

	Shares

AFFILIATED PARTNERSHIP — 8.0%
SEI Liquidity Fund, L.P. 1.110%**^†(F)		27,404,461		27,403

Total Affiliated Partnership (Cost $27,404) ($ Thousands)				27,403

CASH EQUIVALENT — 3.7%
SEI Daily Income Trust, Government Fund, Cl F 0.840%**^†		12,752,780		12,753

Total Cash Equivalent (Cost $12,753) ($ Thousands)				12,753

Total Investments in Securities— 106.8% (Cost $316,094) ($ Thousands)			$	366,683


SEI Institutional Managed Trust / Annual Report / September 30, 2017		39

SCHEDULE OF INVESTMENTS

September 30, 2017

Small Cap Growth Fund (Concluded)

A list of the open futures contracts held by the Fund at September 30, 2017, is as follows:

Type of

Contract

Number of
Contracts
Long

Expiration
Date

Notional Amount
($ Thousands)

Value

($ Thousands)

Unrealized
Appreciation
($ Thousands)

Russell 2000 Index E-MINI

Dec-2017

$1,043

$1,045

Percentages are based on Net Assets of $343,284 ($ Thousands).

*	Non-income producing security.

**	Rate shown is the 7-day effective yield as of September 30, 2017.

^‡	Real Estate Investment Trust.

^‡‡	Expiration date not available.

^†	Investment in Affiliated Security (see Note 6).

^††	Narrow Industries are utilized for compliance purposes, whereas broad sectors are utilized for reporting.

(A)	Certain securities or partial positions of certain securities are on loan at September 30, 2017 (see Note 10). The total market value of securities on loan at September 30, 2017 was $27,115 ($ Thousands).

(B)	Security fair valued using methods determined in good faith by the Valuation Committee of the Board of Trustees. The total market value of such securities as of September 30, 2017 was $61 ($ Thousands) and represented 0.0% of the Net Assets of the Fund.

(C)	Level 3 security in accordance with fair value hierarchy.

(D)	Securities considered illiquid. The total value of such securities as of September 30, 2017 was $61 ($ Thousands) and represented 0.0% of the Net Assets of the Fund.

(E)	Securities considered restricted. The total market value of such securities as of September 30, 2017 was $61 ($ Thousands) and represented 0.0% of the Net Assets of the Fund.

(F)	This security was purchased with cash collateral held from securities on loan (see Note 10). The total market value of such securities as of September 30, 2017 was $27,403 ($ Thousands).

ADR — American Depositary Receipt

Cl — Class

CVR — Contingent Value Rights

L.P. — Limited Partnership

The following is a list of the level of inputs used as of September 30, 2017, in valuing the Fund’s investments carried at value ($ Thousands):



Investments in Securities	Level 1		Level 2		Level 3⁽¹⁾		Total
Common Stock	$	326,466	$	–	$	61	$	326,527
Rights		–		–		–		–
Affiliated Partnership		–		27,403		–		27,403
Cash Equivalent		12,753		–		–		12,753

Total Investments in Securities	$	339,219	$	27,403	$	61	$	366,683


Other Financial Instruments	Level 1		Level 2		Level 3		Total
Futures Contracts *

Unrealized Appreciation	$	2	$	—	$	—	$	2

Total Other Financial Instruments	$	2	$	—	$	—	$	2

* Futures contracts are valued at the unrealized appreciation on the instrument.

For the year ended September 30, 2017, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the year ended September 30, 2017, there were no transfers between Level 2 and Level 3 assets and liabilities.

The following is a summary of the Fund’s transactions with affiliates for the year ended September 30, 2017 ($ Thousands):


Security Description	Value 9/30/2016		Purchases at Cost		Proceeds from Sales		Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)		Value 9/30/2017		Dividend Income
SEI Liquidity Fund, L.P.		$ 31,161		$ 107,931		$(111,687)		$(1)		$(1)		$ 27,403		$ 557
SEI Daily Income Trust, Government Fund, CI F		12,401		105,328		(104,976)		—		—		12,753		72

Totals		$ 43,562		$ 213,259		$(216,663)		$(1)		$(1)		$ 40,156		$ 629

For more information on valuation inputs, see Note 2 – Significant Accounting Policies in Notes to Financial Statements.

Amounts designated as “—” are $0 or have been rounded to $0.

The accompanying notes are an integral part of the financial statements.


40		SEI Institutional Managed Trust / Annual Report / September 30, 2017

SCHEDULE OF INVESTMENTS

September 30, 2017

Tax-Managed Small/Mid Cap Fund



Description	Shares		Market Value ($ Thousands)

COMMON STOCK — 94.5%

Consumer Discretionary — 10.9%
Aaron’s		41,041	$	1,791
Adtalem Global Education *		22,000		789
American Axle & Manufacturing Holdings *		55,216		971
Asbury Automotive Group *		12,470		762
Autoliv (A)		7,000		865
Big Lots (A)		62,582		3,352
Biglari Holdings *		1,862		621
Bloomin’ Brands		16,026		282
Boyd Gaming		100,317		2,613
Bridgepoint Education *		35,170		338
Bright Horizons Family Solutions *		21,695		1,870
Brinker International		27,563		878
Buffalo Wild Wings *		6,238		659
Burlington Stores *		15,376		1,468
Capella Education		6,087		427
Century Communities *		13,157		325
Children’s Place		4,130		488
Cooper Tire & Rubber (A)		23,464		878
Cooper-Standard Holdings *		8,000		928
Core-Mark Holding, Cl A		19,658		632
Dana		34,652		969
Dave & Buster’s Entertainment *		30,145		1,582
Del Frisco’s Restaurant Group *		44,297		644
Dillard’s, Cl A (A)		2,522		141
Domino’s Pizza		2,231		443
Extended Stay America		60,158		1,203
Five Below *		37,142		2,038
Floor & Decor Holdings, Cl A *		25,093		977
G-III Apparel Group *		10,352		300
Grand Canyon Education *		31,371		2,849
Group 1 Automotive		9,467		686
Guess?, Cl 3		18,773		320
Hanesbrands (A)		11,797		291
Hasbro		8,180		799
Haverty Furniture		16,178		423
Hibbett Sports *(A)		75,421		1,075
Installed Building Products *		26,555		1,721
Interpublic Group		32,406		674
K12 *		27,523		491
Lear		15,285		2,646
Libbey		42,776		396
Lions Gate Entertainment, Cl A *		30,573		1,023
Lithia Motors, Cl A (A)		53,748		6,466
LKQ *		14,707		529
Marriott Vacations Worldwide (A)		16,786		2,090
Michael Kors Holdings *		24,328		1,164
Michaels *		27,511		591
Murphy USA *(A)		7,798		538
Newell Brands, Cl B		20,677		882
Nexstar Media Group, Cl A		26,684		1,662
NVR*		745		2,127



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Ollie’s Bargain Outlet Holdings *(A)		40,289	$	1,869
Planet Fitness, Cl A *		66,798		1,802
Pool		24,064		2,603
Scientific Games, Cl A *		16,904		775
Signet Jewelers		5,042		336
Six Flags Entertainment		94,131		5,736
Skechers U.S.A., Cl A *		144,632		3,629
SodaStream International *		20,077		1,334
Stoneridge *		18,416		365
Tenneco		23,402		1,420
Texas Roadhouse, Cl A		24,743		1,216
Tower International		40,279		1,096
Ulta Beauty *		3,283		742
Urban Outfitters *		13,717		328
Vail Resorts		16,565		3,779
Visteon *		17,488		2,164
Wendy’s		180,995		2,811
Whirlpool		5,200		959
Wolverine World Wide		35,748		1,031
ZAGG *		28,169		444

				93,116

Consumer Staples — 3.1%
Andersons		11,959		410
Central Garden & Pet, Cl A *		58,983		2,194
Chefs’ Warehouse Holdings *(A)		75,548		1,458
Darling Ingredients *		23,438		411
elf Beauty *(A)		–		–
Energizer Holdings		10,900		502
Fresh Del Monte Produce		10,733		488
Freshpet *(A)		115,986		1,815
HRG Group *		105,642		1,649
Ingredion		11,339		1,368
J&J Snack Foods		7,030		923
John B Sanfilippo & Son (A)		6,294		424
Kroger		19,039		382
Lamb Weston Holdings		34,188		1,603
Molson Coors Brewing, Cl B		6,535		533
Omega Protein		95,950		1,597
Pilgrim’s Pride *		30,205		858
Pinnacle Foods		51,904		2,967
Post Holdings *		5,128		453
Sanderson Farms (A)		14,381		2,323
SpartanNash		14,576		384
Spectrum Brands Holdings		9,521		1,008
United Natural Foods *		33,974		1,413
US Foods Holding *		38,713		1,034
USANA Health Sciences *		4,731		273

				26,470

Energy — 3.8%
Abraxas Petroleum *		177,515		334


SEI Institutional Managed Trust / Annual Report / September 30, 2017			41

SCHEDULE OF INVESTMENTS

September 30, 2017

Tax-Managed Small/Mid Cap Fund (Continued)



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Andeavor		14,412	$	1,487
Arch Coal (A)		4,292		308
Callon Petroleum *		175,000		1,967
Cloud Peak Energy *		102,389		375
Concho Resources *		8,831		1,163
Diamondback Energy, Cl A *		15,916		1,559
Energen*		16,314		892
Forum Energy Technologies *(A)		116,746		1,856
Gulfport Energy *		50,000		717
Matador Resources *(A)		68,125		1,850
Matrix Service *		72,228		1,098
McDermott International *		171,090		1,244
Noble *(A)		432,989		1,992
Oasis Petroleum *		62,111		566
Parsley Energy, Cl A *		6,542		172
Patterson-UTI Energy		71,259		1,492
PBF Energy, Cl A (A)		153,336		4,234
Penn Virginia *		15,728		629
Pioneer Natural Resources		2,474		365
Range Resources		99,547		1,948
REX American Resources *		2,850		267
RSP Permian *		114,471		3,959
SandRidge Energy *		76,191		1,531
US Silica Holdings		12,359		384

				32,389

Financials — 19.0%
1st Source		4,460		227
Affiliated Managers Group		12,845		2,438
AGNC Investment ^‡		16,769		364
Allstate		7,797		717
Ambac Financial Group *		35,364		610
American Equity Investment Life Holding		160,817		4,677
American Financial Group		14,643		1,515
Ameriprise Financial		4,701		698
Arch Capital Group *		3,676		362
Argo Group International Holdings		33,503		2,060
Artisan Partners Asset Management, Cl A		30,344		989
Aspen Insurance Holdings		25,058		1,012
Assurant		10,159		970
Assured Guaranty		28,902		1,091
Astoria Financial		15,617		336
Banc of California (A)		39,554		821
BancFirst		8,096		459
Bancorp *		129,901		1,074
Bank of the Ozarks (A)		26,740		1,285
BankUnited		66,814		2,377
Beneficial Bancorp		71,421		1,186
BGC Partners, Cl A		327,534		4,739
Canadian Imperial Bank of Commerce		3,321		291
Capitol Federal Financial		221,123		3,251
CBOE Holdings		10,390		1,118



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Central Pacific Financial		15,480	$	498
Chemical Financial		17,703		925
City Holding		4,920		354
CNO Financial Group		55,102		1,286
Columbia Banking System		95,842		4,036
Community Trust Bancorp		5,462		254
Cowen, Cl A *		39,036		695
Dime Community Bancshares		17,964		386
ETrade Financial		16,141		704
Eagle Bancorp *		33,168		2,224
East West Bancorp		57,713		3,450
Employers Holdings		17,888		813
Enterprise Financial Services		9,147		387
Essent Group *		9,139		370
Evercore, Cl A		15,008		1,204
Everest Re Group		13,363		3,052
FBL Financial Group, Cl A		2,500		186
Federal Agricultural Mortgage, Cl C		7,433		541
Fidelity Southern		20,478		484
First American Financial		27,324		1,365
First BanCorp Puerto Rico *		51,635		264
First Citizens BancShares, Cl A		1,150		430
First Commonwealth Financial		156,875		2,217
First Interstate BancSystem, Cl A		19,006		727
FirstCash		36,698		2,317
Flagstar Bancorp *		15,477		549
FNB (Pennsylvania)		102,113		1,433
FNFV Group *		32,120		551
Genworth Financial, Cl A *		84,034		324
Great Western Bancorp		46,395		1,915
Green Dot, Cl A *		111,315		5,519
Hamilton Lane, Cl A		31,690		851
Hanmi Financial		25,802		799
Hanover Insurance Group, Cl A		34,803		3,373
Heartland Financial USA		14,677		725
Heritage Financial		15,795		466
Hilltop Holdings		15,949		415
Horace Mann Educators, Cl A		22,271		876
Houlihan Lokey, Cl A		42,219		1,652
Huntington Bancshares		127,744		1,783
Independent Bank		14,650		332
Infinity Property & Casualty		6,577		620
International Bancshares		20,180		809
International FCStone *		11,359		435
Investors Bancorp		57,756		788
LPL Financial Holdings		51,260		2,643
MarketAxess Holdings		3,601		664
MB Financial		161,930		7,290
MGIC Investment *		217,483		2,725
OFG Bancorp		301,712		2,761
OneMain Holdings, Cl A *		39,814		1,122
PacWest Bancorp		143,406		7,243


42		SEI Institutional Managed Trust / Annual Report / September 30, 2017



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
PennyMac Financial Services, Cl A *		37,039	$	659
Piper Jaffray		8,894		528
Popular		55,397		1,991
Primerica (A)		4,255		347
ProAssurance		4,901		268
Prosperity Bancshares (A)		11,028		725
Raymond James Financial		28,900		2,437
Regional Management *		16,091		390
Reinsurance Group of America, Cl A		13,096		1,827
RenaissanceRe Holdings		1,520		205
Sandy Spring Bancorp		10,835		449
Santander Consumer USA Holdings *		71,795		1,104
Selective Insurance Group		56,285		3,031
ServisFirst Bancshares (A)		15,218		591
Signature Bank, Cl B *		14,208		1,819
SLM *		260,629		2,989
South State		41,797		3,764
Starwood Property Trust ^‡		224,339		4,873
State Bank Financial		12,145		348
Sterling Bancorp		35,000		863
Stifel Financial		20,530		1,098
Stock Yards Bancorp		8,696		330
SVB Financial Group, Cl B *		10,502		1,965
Synovus Financial		17,477		805
TCF Financial		55,027		938
Umpqua Holdings		46,580		909
Unum Group		29,327		1,500
Validus Holdings		21,738		1,070
Voya Financial		53,770		2,145
Walker & Dunlop *		12,464		652
Webster Financial		3,768		198
Western Alliance Bancorp *		71,507		3,796
WSFS Financial		28,005		1,365
Zions Bancorporation		97,856		4,617

				163,095

Health Care — 9.4%
ABIOMED *		8,661		1,460
Aerie Pharmaceuticals *		21,500		1,045
Aimmune Therapeutics *(A)		26,200		650
Akorn *		49,189		1,633
Alere *		3,176		162
Align Technology *		19,671		3,664
AmerisourceBergen, Cl A		6,015		498
AMN Healthcare Services *		16,505		754
Audentes Therapeutics *		19,379		543
Avexis *		3,691		357
Biohaven Pharmaceutical Holding *		12,295		460
Bioverativ *		8,745		499
Blueprint Medicines *		4,312		300
Cambrex *		16,607		913
Catalent *		12,832		512



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Charles River Laboratories International *		7,525	$	813
Chemed		14,754		2,981
Clovis Oncology *		6,622		546
Corcept Therapeutics *		23,699		457
DBV Technologies ADR *		6,083		258
DENTSPLY SIRONA		12,999		777
DexCom *(A)		23,754		1,162
Emergent BioSolutions *		12,195		493
Envision Healthcare *		12,187		548
Exelixis *		57,552		1,395
Glaukos *(A)		18,293		604
GW Pharmaceuticals ADR *(A)		3,127		317
HealthSouth		41,909		1,943
Humana		5,500		1,340
ICON *		18,166		2,069
ICU Medical *(A)		5,669		1,054
Idexx Laboratories *		6,675		1,038
Incyte *		3,300		385
Innoviva *		29,993		424
Integra LifeSciences Holdings *		37,902		1,913
Intersect ENT *		25,663		799
iRhythm Technologies *		20,857		1,082
Lannett *(A)		45,346		837
LHC Group *		8,754		621
LifePoint Health *(A)		5,888		341
Ligand Pharmaceuticals *(A)		65,105		8,864
Loxo Oncology *		6,983		643
Magellan Health *		12,967		1,119
Masimo *		15,397		1,333
Medicines *(A)		25,269		936
MEDNAX *		4,845		209
Mettler Toledo International *		411		257
MiMedx Group *(A)		104,441		1,241
Molina Healthcare *		25,197		1,733
Myriad Genetics *		14,494		524
Nektar Therapeutics, Cl A *		16,429		394
Neurocrine Biosciences *		7,182		440
Nevro *(A)		19,869		1,806
Novocure *(A)		22,900		455
Omnicell *		25,169		1,285
Parexel International *		12,058		1,062
PDL BioPharma *		73,493		249
Penumbra *		19,555		1,766
PerkinElmer		12,707		876
PRA Health Sciences *		48,881		3,723
Prothena *(A)		6,444		417
Sage Therapeutics *		15,894		990
Sarepta Therapeutics *		10,289		467
SciClone Pharmaceuticals *		27,149		304
Teleflex		3,980		963
TESARO *		12,579		1,624
Tivity Health *		21,473		876


SEI Institutional Managed Trust / Annual Report / September 30, 2017		43

SCHEDULE OF INVESTMENTS

September 30, 2017

Tax-Managed Small/Mid Cap Fund (Continued)



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Triple-S Management, Cl B *		34,432	$	815
Ultragenyx Pharmaceutical *		4,053		216
United Therapeutics *		14,367		1,684
Varex Imaging *		10,468		354
Veeva Systems, Cl A *		15,000		846
Vocera Communications *		42,471		1,332
WellCare Health Plans *		15,989		2,746

				80,196

Industrials — 16.0%
AAR		21,302		805
ACCO Brands *		195,035		2,321
Acuity Brands		5,691		975
Advisory Board *		37,983		2,037
Alaska Air Group		16,037		1,223
Albany International, Cl A		6,020		346
AO Smith		28,088		1,669
ArcBest		25,532		854
Atlas Air Worldwide Holdings *		50,906		3,350
Beacon Roofing Supply *		5,422		278
BMC Stock Holdings *		21,127		451
Briggs & Stratton		16,366		385
Brink’s		15,537		1,309
BWX Technologies, Cl W		120,611		6,757
Carlisle		24,532		2,460
Cintas		12,501		1,804
Colfax *		30,887		1,286
Comfort Systems USA		10,341		369
Copa Holdings, Cl A		5,789		721
Copart *		12,594		433
Crane, Cl A		40,914		3,273
Curtiss-Wright		15,306		1,600
Deluxe (A)		11,400		832
DXP Enterprises *		12,853		405
Dycom Industries *		24,779		2,128
EMCOR Group		24,206		1,679
Engility Holdings *		23,184		804
Esterline Technologies *		5,572		502
Franklin Electric		8,231		369
Genesee & Wyoming, Cl A *		108,236		8,011
Global Brass & Copper Holdings		8,105		274
Greenbrier (A)		22,252		1,071
H&E Equipment Services		61,763		1,803
Hawaiian Holdings *		26,352		989
HD Supply Holdings *		29,102		1,050
Hexcel, Cl A		24,458		1,404
HNI		7,523		312
Huntington Ingalls Industries, Cl A		7,861		1,780
Hyster-Yale Materials Handling		2,559		196
IDEX		18,517		2,249
Insperity, Cl A		4,229		372
ITT		39,641		1,755



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Jacobs Engineering Group		6,039	$	352
JetBlue Airways *		77,930		1,444
John Bean Technologies, Cl A		7,131		721
Kadant		25,142		2,478
Kaman, Cl A		58,958		3,289
KAR Auction Services		85,739		4,093
Kennametal		38,470		1,552
Kirby *(A)		2,496		165
L3 Technologies		7,300		1,376
LB Foster, Cl A *		62,921		1,431
Lincoln Electric Holdings		24,581		2,254
ManpowerGroup		25,113		2,959
MasTec *		39,850		1,849
Mercury Systems *		18,051		936
Meritor *		119,937		3,120
Middleby*(A)		11,790		1,511
MRC Global *		76,141		1,332
MSA Safety		10,698		851
Navigant Consulting *		19,621		332
Navistar International *		21,195		934
Old Dominion Freight Line, Cl A		25,477		2,805
On Assignment *		8,718		468
Orbital ATK		6,990		931
Oshkosh Truck		31,831		2,627
Owens Corning		42,973		3,324
Quanta Services *		21,209		793
RBC Bearings *(A)		14,377		1,799
Roadrunner Transportation Systems *		58,608		558
Robert Half International		29,700		1,495
RPX *		31,949		424
Ryder System		8,900		752
Saia *		9,826		616
SiteOne Landscape Supply *		25,227		1,466
Skywest		25,407		1,115
Spartan Motors		40,000		442
Sparton *		32,848		762
Spirit AeroSystems Holdings, Cl A		28,103		2,184
Spirit Airlines *		17,648		590
Teledyne Technologies *		20,481		3,260
Terex		16,064		723
Tetra Tech		16,037		746
Toro		10,348		642
TransDigm Group *		500		128
TransUnion *		15,948		754
Trinity Industries		31,378		1,001
TrueBlue *		18,524		416
United Rentals *		16,954		2,352
Valmont Industries		4,044		639
Vectrus *		18,138		559
Wabash National (A)		58,124		1,326
Wabtec (A)		3,600		273
WageWorks*		8,366		508


44		SEI Institutional Managed Trust / Annual Report / September 30, 2017



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Waste Connections		7,173	$	502
Watsco		3,339		538
WESCO International *		18,427		1,073
XPO Logistics *		24,131		1,636
Xylem		14,310		896
YRC Worldwide *		36,674		506

				137,299

Information Technology — 17.3%
2U *(A)		40,016		2,242
ACI Worldwide *		169,259		3,856
Advanced Energy Industries *		15,785		1,275
Amkor Technology *		37,824		399
Anixter International *		4,084		347
Ansys *		2,600		319
Arista Networks *(A)		4,501		853
Arrow Electronics, Cl A *		4,925		396
Aspen Technology *		42,378		2,662
Avnet		7,600		299
Belden		9,618		775
Benchmark Electronics *		25,072		856
Blackbaud, Cl A (A)		3,876		340
Blackhawk Network Holdings, Cl A *		53,768		2,355
Bottomline Technologies *		43,184		1,375
Broadcom		9,282		2,251
Broadridge Financial Solutions		1,700		137
Brocade Communications Systems		38,812		464
Cadence Design Systems *		54,862		2,165
CDW		10,820		714
Cimpress *(A)		10,766		1,051
Cirrus Logic *		16,316		870
Cognex		6,749		744
Coherent *		3,990		938
Convergys		20,581		533
CoStar Group *		10,197		2,735
CSG Systems International		16,700		670
CSRA		18,139		585
Cypress Semiconductor (A)		164,397		2,469
Diebold Nixdorf (A)		71,781		1,640
Electronic Arts *		13,002		1,535
Ellie Mae *		4,713		387
Entegris *		26,270		758
EPAM Systems *		5,383		473
Euronet Worldwide *		15,000		1,422
EVERTEC		60,322		956
Fidelity National Information Services, Cl B		12,186		1,138
First Data, Cl A *		36,016		650
Gartner *		1,518		189
Gigamon *		11,406		481
Global Payments		5,841		555
GrubHub *(A)		28,712		1,512
GTT Communications *		29,344		929



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Guidewire Software, Cl Z *		25,541	$	1,989
HubSpot *		15,999		1,345
IAC *		84,810		9,972
II-VI *		16,322		672
Inphi *(A)		24,989		992
Insight Enterprises *		21,641		994
Integrated Device Technology *		70,338		1,870
InterDigital		20,873		1,539
InterXion Holding *		26,628		1,356
Itron *		11,619		900
j2 Global		43,501		3,214
Jabil		58,685		1,675
Keysight Technologies *		41,301		1,721
Leidos Holdings		24,667		1,461
Littelfuse		16,324		3,198
LogMeIn		9,960		1,096
Lumentum Holdings *		26,023		1,414
Manhattan Associates *		10,280		427
Marvell Technology Group		51,287		918
Match Group *(A)		92,623		2,148
MAXIMUS		5,425		350
Mellanox Technologies *(A)		24,282		1,145
Methode Electronics		11,078		469
Microchip Technology		10,000		898
Microsemi *		26,452		1,362
MKS Instruments		14,407		1,361
Monolithic Power Systems		13,891		1,480
NCR *		39,528		1,483
New Relic *		15,592		776
Nuance Communications *		18,384		289
ON Semiconductor *		42,625		787
Orbotech *		33,516		1,415
OSI Systems *		14,271		1,304
Palo Alto Networks *		4,182		603
Paylocity Holding *		24,006		1,172
Proofpoint *(A)		20,816		1,816
PTC *		14,724		829
Pure Storage, Cl A *		47,025		752
Q2 Holdings *(A)		40,997		1,707
Qorvo *		10,870		768
RealPage *		20,000		798
RingCentral, Cl A *		86,143		3,596
Rudolph Technologies *		13,667		359
Sanmina *		38,828		1,442
Scansource *		8,785		383
Science Applications International		11,933		798
Shopify, Cl A *		9,112		1,061
Silicon Laboratories *		19,462		1,555
Silicon Motion Technology ADR (A)		76,065		3,653
Sonus Networks *		24,298		186
Square, Cl A *		74,112		2,135
SS&C Technologies Holdings		17,556		705


SEI Institutional Managed Trust / Annual Report / September 30, 2017		45

SCHEDULE OF INVESTMENTS

September 30, 2017

Tax-Managed Small/Mid Cap Fund (Continued)



Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Sykes Enterprises *		9,942	$	290
SYNNEX		9,640		1,220
Synopsys *		20,308		1,635
Take-Two Interactive Software, Cl A *		46,012		4,704
Tech Data *		11,750		1,044
Teradyne		40,298		1,503
Trade Desk, Cl A *		25,262		1,554
Travelport Worldwide		63,649		999
Trimble *		21,000		824
Tyler Technologies *		4,765		831
Ultimate Software Group *		7,788		1,477
Universal Display		14,294		1,842
VeriFone Holdings *		177,965		3,609
Web.com Group *		12,987		325
Wix.com *		5,200		374
Xperi		4,036		102
Zebra Technologies, Cl A *		23,522		2,554

				148,525
Materials – 6.0%
Albemarle		10,887		1,484
Ashland Global Holdings		14,677		960
Avery Dennison		24,778		2,437
Berry Global Group *		41,193		2,334
Boise Cascade *		24,368		850
Cabot		24,685		1,377
Chemours		20,104		1,017
Cleveland-Cliffs*		65,808		471
Crown Holdings *		14,143		845
Eagle Materials		13,182		1,406
FMC		102,396		9,145
Huntsman		23,455		643
Innophos Holdings		13,501		664
Louisiana-Pacific *		28,749		779
LSB Industries *(A)		114,810		912
Materion		12,245		528
Neenah Paper, Cl A		14,000		1,198
Owens-Illinois *		116,723		2,937
Packaging Corp of America		10,242		1,175
PolyOne		61,364		2,456
Rayonier Advanced Materials (A)		43,416		595
Schulman A		51,428		1,756
Sensient Technologies		16,062		1,235
Silgan Holdings		104,708		3,082
Steel Dynamics		42,104		1,451
Stepan		6,908		578
Summit Materials, Cl A *		61,620		1,974
Tahoe Resources *		112,698		594
Trinseo		11,809		792
United States Steel (A)		100,926		2,590
Valvoline		87,909		2,061
Westlake Chemical		10,306		856



Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Worthington Industries		15,346	$	706

				51,888
Real Estate – 6.6%
Alexandria Real Estate Equities ^‡		10,497		1,249
American Campus Communities ^‡		25,659		1,133
American Homes 4 Rent, Cl A ^‡		62,696		1,361
Armada Hoffler Properties ^‡		28,819		398
Camden Property Trust ^‡		12,000		1,097
CBL & Associates Properties ^‡		8,075		68
Chesapeake Lodging Trust ^‡		69,263		1,868
CoreCivic^‡		115,755		3,099
CoreSite Realty ^‡		5,244		587
CyrusOne^‡		32,312		1,904
DDR^‡		77,333		708
DiamondRock Hospitality ^‡(A)		151,808		1,662
Digital Realty Trust, Cl A ^‡		10,717		1,268
Douglas Emmett ^‡		4,298		169
Education Realty Trust ^‡		26,024		935
EPR Properties, Cl A ^‡		28,400		1,981
Forest City Realty Trust, Cl A ^‡		22,450		573
Forestar Group *		22,968		395
Gaming and Leisure Properties ^‡		89,751		3,311
Getty Realty ^‡		15,214		435
Hersha Hospitality Trust, Cl A ^‡(A)		88,620		1,655
Highwoods Properties ^‡		53,933		2,809
Hospitality Properties Trust ^‡		7,500		214
Howard Hughes *		36,098		4,257
InfraREIT^‡		33,896		758
Jones Lang LaSalle		16,139		1,993
Lexington Realty Trust ^‡		32,785		335
Life Storage ^‡		1,800		147
Medical Properties Trust ^‡(A)		314,009		4,123
Mid-America Apartment Communities ^‡		8,042		860
Park Hotels & Resorts ^‡		56,533		1,558
Physicians Realty Trust ^‡		16,502		293
Potlatch^‡		20,422		1,041
Realogy Holdings		62,177		2,049
Regency Centers ^‡		7,596		471
Retail Properties of America, Cl A ^‡		24,826		326
Ryman Hospitality Properties		14,227		889
Sabra Health Care ^‡		30,817		676
STAG Industrial ^‡		26,238		721
Starwood Waypoint Homes ^‡		74,747		2,719
Summit Hotel Properties ^‡		40,648		650
Sun Communities ^‡		1,400		120
Sunstone Hotel Investors ^‡		59,555		957
Tier^‡		18,051		348
Two Harbors Investment ^‡		30,030		303
Xenia Hotels & Resorts ^‡		90,567		1,906

				56,379


46		SEI Institutional Managed Trust / Annual Report / September 30, 2017



Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Telecommunication Services – 0.3%
Cogent Communications Holdings		12,431	$	608
IDT, Cl B		20,229		285
Vonage Holdings *		259,708		2,114

				3,007

Utilities – 2.1%
ALLETE		20,433		1,579
Aqua America		34,439		1,143
Atmos Energy		20,484		1,717
Avista		21,700		1,124
Black Hills, Cl A		6,055		417
CMS Energy		10,600		491
El Paso Electric, Cl A		6,666		368
Great Plains Energy		42,356		1,284
Hawaiian Electric Industries		9,542		319
Idacorp, Cl A		10,909		959
National Fuel Gas		19,648		1,112
Northwest Natural Gas		4,207		271
ONE Gas		13,697		1,009
Portland General Electric		43,378		1,980
SCANA		10,356		502
Southwest Gas Holdings		15,642		1,214
UGI		35,168		1,648
Vectren		7,055		464
Vistra Energy *		20,994		392

				17,993

Total Common Stock (Cost $510,394) ($ Thousands)				810,357



Description	Number of Rights		Market Value ($Thousands)
RIGHTS – 0.0%
Chelseea Therapeutics International CVR *^‡‡		3,004	$	–
Dyax CVR, Expires 12/31/2019 *		6,884		–
Endo Pharmaceuticals *^‡‡		1,900		–
Safeway CVR - Casa Ley *^‡‡		11,400		12
Safeway CVR - PDC *^‡‡		11,400		–
Central European Media Enterprises *^‡‡		53		–

Total Rights
(Cost $–) ($ Thousands)				12

	Shares
AFFILIATED PARTNERSHIP – 9.0%
SEI Liquidity Fund, L.P. 1.110% **^†(B)		76,978,282		76,976

Total Affiliated Partnership (Cost $76,977) ($ Thousands)				76,976

CASH EQUIVALENT – 5.5%
SEI Daily Income Trust, Government Fund, Cl F 0.840%**^†		47,191,647		47,192

Total Cash Equivalent (Cost $47,192) ($ Thousands)				47,192

Total Investments in Securities– 109.0% (Cost $634,563) ($ Thousands)			$	934,537

A list of the open futures contracts held by the Fund at September 30, 2017, is as follows:


Type of Contract	Number of Contracts Long		Expiration Date		Notional Amount ($ Thousands)		Value ($ Thousands)		Unrealized Appreciation ($ Thousands)
Russell 2000 Index E-MINI		14		Dec-2017		$994		$1,046		$52
S&P Mid Cap 400 Index E-MINI		7		Dec-2017		1,203		1,257		54

						$2,197		$2,303		$106

Percentages

are based on Net Assets of $857,632 ($ Thousands).

*	Non-income producing security.

**	Rate shown is the 7-day effective yield as of September 30, 2017.

^‡	Real Estate Investment Trust.

^‡‡	Expiration date not available.

^†	Investment in Affiliated Security (see Note 6).

(A)	Certain securities or partial positions of certain securities are on loan at September 30, 2017 (see Note 10). The total market value of securities on loan at September 30, 2017 was $75,724 ($ Thousands).

(B)	This security was purchased with cash collateral held from securities on loan (see Note 10). The total market value of such securities as of September 30, 2017 was $76,976 ($ Thousands).

ADR – American Depositary Receipt

Cl – Class

CVR – Contingent Value Rights

L.P. – Limited Partnership

S&P – Standard & Poor’s

The following is a list of the level of inputs used as of September 30, 2017, in valuing the Fund’s investments and other financial instruments carried at value ($ Thousands):



Investments in Securities	Level 1		Level 2		Level 3		Total
Common Stock	$	810,357	$	–	$	–	$	810,357


SEI Institutional Managed Trust / Annual Report / September 30, 2017		47

SCHEDULE OF INVESTMENTS

September 30, 2017

Tax-Managed Small/Mid Cap Fund (Concluded)



Investments in Securities	Level 1		Level 2		Level 3		Total
Rights	$	–	$	12	$	–	$	12
Affiliated Partnership		–		76,976		–		76,976
Cash Equivalent		47,192		–		–		47,192

Total Investments in Securities	$	857,549	$	76,988	$	–	$	934,537


Other Financial Instruments	Level 1		Level 2		Level 3		Total
Futures Contracts *
Unrealized Appreciation	$	106	$	—	$	—	$	106

Total Other Financial Instruments	$	106	$	—	$	—	$	106

* Futures contracts are valued at the unrealized appreciation on the instrument.

For the year ended September 30, 2017, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the year ended September 30, 2017, there were no transfers between Level 2 and Level 3 assets and liabilities.

The following is a summary of the Fund’s transactions with affiliates for the year ended September 30, 2017 ($ Thousands):


Security Description	Value 9/30/2016		Purchases at Cost		Proceeds from Sales		Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)		Value 9/30/2017		Dividend Income
SEI Liquidity Fund, L.P.		$180,708		$431,952		$(535,679)		$(4)		$(1)		$76,976		$925
SEI Daily Income Trust, Government Fund, CI F		33,689		152,805		(139,302)		—		—		47,192		207

Totals		$214,397		$584,757		$(674,981)		$(4)		$(1)		$124,168		$1,132

For more information on valuation inputs, see Note 2 – Significant Accounting Policies in Notes to Financial Statements.

Amounts designated as “–” are $0 or have been rounded to $0.

The accompanying notes are an integral part of the financial statements.


48		SEI Institutional Managed Trust / Annual Report / September 30, 2017

SCHEDULE OF INVESTMENTS

September 30, 2017

Mid-Cap Fund



Description	Shares		Market Value ($ Thousands)

COMMON STOCK — 95.9%

Consumer Discretionary — 14.1%
Adient		9,400	$	790
Best Buy		17,000		968
BorgWarner		12,000		615
Burlington Stores *		6,900		659
Dick’s Sporting Goods		11,100		300
Discovery Communications, Cl C *		22,600		458
DR Horton		12,300		491
Foot Locker, Cl A		4,500		159
FTD *		3,100		40
Gap		12,500		369
Hilton Grand Vacations *		15,300		591
Hilton Worldwide Holdings		11,900		826
Kohl’s		11,083		506
Lear		5,300		917
Lennar, Cl B		2,700		122
Liberty Interactive QVC Group, Cl A *		29,700		700
LKQ *		22,200		799
lululemon athletica *		10,800		672
Macy’s		20,400		445
NVR *		340		971
PVH		6,500		819
Ross Stores		12,000		775
Royal Caribbean Cruises		8,300		984
Skechers U.S.A., Cl A *		18,700		469
Tempur-Pedic International *(A)		900		58
Thor Industries		3,200		403
Viacom, Cl B		20,400		568
Yum China Holdings *		20,900		835

				16,309

Consumer Staples — 3.3%
Campbell Soup		2,900		136
Clorox		1,200		158
Conagra Brands		21,500		726
Dr Pepper Snapple Group		8,700		770
Ingredion		4,200		507
JM Smucker		2,300		241
Pilgrim’s Pride *		10,500		298
Tyson Foods, Cl A		14,100		993

				3,829

Energy — 4.0%
Andeavor		8,100		836
Continental Resources, Cl A *		3,400		131
CVR Energy		7,100		184
Devon Energy		26,300		965
Laredo Petroleum *		39,300		508
Marathon Oil		24,300		329
Marathon Petroleum		19,500		1,094
Newfield Exploration *		18,800		558



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Noble Energy		2,400	$	68

				4,673

Financials — 12.4%
American Financial Group		4,400		455
Ameriprise Financial		6,600		980
Argo Group International Holdings		1,500		92
Assured Guaranty		6,200		234
BGC Partners, Cl A		6,100		88
Citizens Financial Group		24,600		932
CNA Financial		8,500		427
Comerica		11,100		847
East West Bancorp		10,700		640
Fifth Third Bancorp		31,900		893
Financial Institutions		900		26
FNF Group		4,300		204
FNFV Group *		5,500		94
Genworth Financial, Cl A *		38,100		147
Hartford Financial Services Group		8,100		449
International FCStone *		1,200		46
Invesco		20,800		729
Ladder Capital, Cl A		9,800		135
Lincoln National		11,800		867
Loews		3,800		182
LPL Financial Holdings		8,500		438
MSCI, Cl A		2,700		316
Navient		33,000		496
Old Republic International		30,400		599
Popular		16,000		575
Principal Financial Group, Cl A		5,800		373
Raymond James Financial		1,700		143
Regions Financial		57,000		868
SunTrust Banks		11,900		711
Synchrony Financial		4,900		152
T. Rowe Price Group		2,000		181
Unum Group		17,200		879
Western Asset Mortgage Capital ^‡		7,400		78

				14,276

Health Care — 10.7%
Agilent Technologies		14,600		937
Alexion Pharmaceuticals *		1,900		266
Baxter International		10,400		653
Bioverativ *		4,200		240
Bruker BioSciences		21,200		631
Centene *		10,600		1,026
Cerner *		14,700		1,048
Charles River Laboratories International *		3,300		356
Cooper, Cl A		1,000		237
Endo International *		39,700		340
Exelixis *		11,500		279
Hill-Rom Holdings		1,800		133


SEI Institutional Managed Trust / Annual Report / September 30, 2017			49

SCHEDULE OF INVESTMENTS

September 30, 2017

Mid-Cap Fund (Continued)



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Hologic *		17,300	$	635
IDEXX Laboratories *		5,300		824
Laboratory Corp of America Holdings *		1,900		287
Mallinckrodt*		2,700		101
Mylan *		25,400		797
Quest Diagnostics		500		47
STERIS		6,300		557
Teleflex		700		169
Veeva Systems, Cl A *		9,700		547
WellCare Health Plans *		4,400		756
West Pharmaceutical Services		3,600		346
Zoetis, Cl A		18,000		1,148

				12,360

Industrials — 12.2%
AGCO		1,000		74
Allison Transmission Holdings		7,100		266
American Woodmark *		2,200		212
Ametek		7,500		495
Applied Industrial Technologies, Cl A		3,300		217
Arconic		13,000		323
Argan		1,300		87
BWX Technologies, Cl W		3,300		185
Colfax *		5,700		237
Continental Building Products *		4,000		104
Crane, Cl A		7,500		600
Cummins		5,800		975
Danaher, Cl A		3,600		309
Global Brass & Copper Holdings		3,600		122
Huntington Ingalls Industries, Cl A		4,200		951
IDEX		3,700		449
Ingersoll-Rand		10,100		901
Insperity, Cl A		3,000		264
L3 Technologies		700		132
Lincoln Electric Holdings		6,100		559
MasTec *		3,700		172
Moog, Cl A *		1,700		142
Mueller Industries		4,800		168
Orbital ATK		5,900		786
Oshkosh Truck		8,600		710
Pentair		11,100		754
Spirit AeroSystems Holdings, Cl A		12,000		933
Terex		2,600		117
Toro		9,200		571
United Continental Holdings *		6,300		384
United Rentals *		5,700		791
Univar *		12,900		373
Valmont Industries		3,100		490
Vectrus0 *		1,400		43
Veritiv *		2,400		78



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
WESCO International *		2,600	$	151

				14,125

Information Technology — 16.6%
Advanced Energy Industries *		6,300		509
Akamai Technologies *		11,600		565
Alpha & Omega Semiconductor *		3,300		54
Applied Materials		15,000		781
ARRIS International *		8,900		253
Arrow Electronics, Cl A *		2,900		233
Avnet		1,500		59
Booz Allen Hamilton Holding, Cl A		900		34
CACI International, Cl A *		700		97
Cadence Design Systems *		19,800		781
CDK Global		9,600		606
CDW		11,700		772
Citrix Systems *		2,600		200
Cognizant Technology Solutions, Cl A		2,100		152
CoStar Group *		2,500		671
CSG Systems International		2,400		96
DST Systems		8,100		444
Electronic Arts *		6,600		779
F5 Networks, Cl A *		1,300		157
First Data, Cl A *		24,600		444
Fortinet *		9,400		337
Global Payments		2,300		219
Hackett Group		7,100		108
Harris		4,100		540
Intuit		1,600		227
IPG Photonics *		4,100		759
Jabil		7,000		200
Juniper Networks		24,900		693
KLA-Tencor		8,300		880
Lam Research		6,300		1,166
Leidos Holdings		7,900		468
Motorola Solutions		1,400		119
ON Semiconductor *		29,600		547
Red Hat *		3,100		344
Semtech *		400		15
Skyworks Solutions		9,000		917
SS&C Technologies Holdings		4,000		161
Symantec, Cl A		29,000		951
Synopsys *		10,500		845
Total System Services		12,200		799
Trimble *		9,900		389
Western Digital		8,700		752

				19,123

Materials — 6.5%
Alcoa *		16,000		746
Cabot		5,000		279
Chemours		13,900		703


50		SEI Institutional Managed Trust / Annual Report / September 30, 2017



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Crown Holdings *		11,700	$	699
Eagle Materials		6,500		694
Freeport-McMoRan, Cl B *		54,400		764
Greif, Cl A		3,500		205
LyondellBasell Industries, Cl A		2,200		218
Newmont Mining		15,200		570
Owens-Illinois *		26,800		674
Reliance Steel & Aluminum		700		53
Southern Copper		13,800		549
Steel Dynamics		15,500		534
WestRock		13,700		777

				7,465

Real Estate — 8.5%
Apple Hospitality ^‡		16,000		303
Ashford Hospitality Prime ^‡		13,300		126
Ashford Hospitality Trust ^‡		13,300		89
Brixmor Property Group ^‡		22,600		425
CBRE Group, Cl A *^‡		21,000		795
Chesapeake Lodging Trust ^‡		14,400		388
CoreCivic^‡		20,500		549
DDR^‡		18,900		173
Franklin Street Properties ^‡		19,100		203
GEO Group ^‡		20,850		561
HCP^‡		12,800		356
Hospitality Properties Trust ^‡		22,100		630
Host Hotels & Resorts ^‡		22,000		407
Outfront Media ^‡		24,000		604
Park Hotels & Resorts ^‡		14,100		389
ProLogis^‡		14,600		926
RMR Group		1,900		98
SBA Communications, Cl A *^‡		2,700		389
Spirit Realty Capital ^‡		62,800		538
Tier^‡		2,200		42
VEREIT^‡		53,600		444
Weyerhaeuser^‡		15,300		521
WP Carey ^‡		5,000		337
Xenia Hotels & Resorts ^‡		23,100		486

				9,779

Telecommunication Services — 0.6%
Telephone & Data Systems		21,300		594



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
US Cellular *		3,600	$	128

				722

Utilities — 7.0%
AES		60,800		670
Atmos Energy		8,700		730
Centerpoint Energy		26,300		768
DTE Energy		7,800		837
Eversource Energy		13,700		828
MDU Resources Group		24,100		625
NiSource		6,800		174
NRG Energy		27,900		714
PPL		25,100		953
Public Service Enterprise Group		10,400		481
SCANA		12,100		587
SJW		1,200		68
UGI		14,300		670

				8,105

Total Common Stock (Cost $96,800) ($ Thousands)				110,766

AFFILIATED PARTNERSHIP — 0.0%
SEI Liquidity Fund, L.P. 1.110% **^†(B)		52,107		52

Total Affiliated Partnership (Cost $52) ($ Thousands)				52

CASH EQUIVALENT — 4.0%
SEI Daily Income Trust, Government Fund, Cl F 0.840%**^†		4,669,400		4,669

Total Cash Equivalent (Cost $4,669) ($ Thousands)				4,669

Total Investments in Securities— 99.9% (Cost $101,521) ($ Thousands)			$	115,487

A list of the open futures contracts held by the Fund at September 30, 2017, is as follows:

Type of

Contract

Number of
Contracts
Long

Expiration
Date

Notional Amount
($ Thousands)

Value

($ Thousands)

Unrealized
Appreciation
($ Thousands)

S&P Mid Cap 400 Index E-MINI

Dec-2017

$859

$898

$39

Percentages are based on Net Assets of $115,554 ($ Thousands).

*	Non-income producing security.

^**	Rate shown is the 7-day effective yield as of September 30, 2017.

^‡	Real Estate Investment Trust.

^†	Investment in Affiliated Security (see Note 6).


SEI Institutional Managed Trust / Annual Report / September 30, 2017		51

SCHEDULE OF INVESTMENTS

September 30, 2017

Mid-Cap Fund (Concluded)

(A)	Certain securities or partial positions of certain securities are on loan at September 30, 2017 (see Note 10). The total market value of securities on loan at September 30, 2017 was $52 ($ Thousands).

(B)	This security was purchased with cash collateral held from securities on loan (see Note 10). The total market value of such securities as of September 30, 2017 was $52 ($ Thousands).

Cl — Class

L.P. — Limited Partnership

S&P — Standard & Poor’s

The following is a list of the level of inputs used as of September 30, 2017, in valuing the Fund’s investments carried at value ($ Thousands):



Investments in Securities	Level 1		Level 2		Level 3		Total
Common Stock	$	110,766	$	–	$	–	$	110,766
Affiliated Partnership		–		52		–		52
Cash Equivalent		4,669		–		–		4,669

Total Investments in Securities	$	115,435	$	52	$	–	$	115,487



Other Financial Instruments	Level 1		Level 2		Level 3		Total
Futures Contracts *
Unrealized Appreciation	$	39	$	—	$	—	$ 39

Total Other Financial Instruments	$	39	$	—	$	—	$ 39

* Futures contracts are valued at the unrealized appreciation on the instrument.

For the year ended September 30, 2017, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the year ended September 30, 2017, there were no transfers between Level 2 and Level 3 assets and liabilities.

The following is a summary of the Fund’s transactions with affiliates for the year ended September 30, 2017 ($ Thousands):



Security Description	Value 9/30/2016		Purchases at Cost		Proceeds from Sales		Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)		Value 9/30/2017		Dividend Income
SEI Liquidity Fund, L.P.		$ 5,714		$ 8,801		$ (14,463)		$ —		$ —		$ 52	$ 18
SEI Daily Income Trust, Government Fund, CI F		2,189		36,701		(34,221)		—		—		4,669	28

Totals		$ 7,903		$ 45,502		$ (48,684)		$ —		$ —		$ 4,721	$ 46

For more information on valuation inputs, see Note 2 – Significant Accounting Policies in Notes to Financial Statements.

Amounts designated as “—” are $0 or have been rounded to $0.

The accompanying notes are an integral part of the financial statements.


52		SEI Institutional Managed Trust / Annual Report / September 30, 2017

SCHEDULE OF INVESTMENTS

September 30, 2017

U.S. Managed Volatility Fund



Description	Shares		Market Value ($ Thousands)

COMMON STOCK — 97.7%

Consumer Discretionary — 10.1%
Aaron’s		33,705	$	1,471
AMC Networks, Cl A *		24,826		1,452
Aramark		191,914		7,794
Autozone*		4,800		2,857
Bed Bath & Beyond		83,898		1,969
Best Buy		56,811		3,236
Big Lots		53,720		2,878
BJ’s Restaurants		4,681		143
Bridgepoint Education *		23,784		228
Brunswick		42,661		2,388
Cable One		1,660		1,199
Canadian Tire, Cl A		30,700		3,813
Carnival		14,724		951
Cheesecake Factory		100,737		4,243
Children’s Place		46,400		5,482
Choice Hotels International		3,197		204
Churchill Downs		2,636		544
Comcast, Cl A		170,200		6,549
Cooper-Standard Holdings *		7,441		863
Cracker Barrel Old Country Store		4,800		728
Dana		81,120		2,268
Darden Restaurants		135,545		10,678
Del Frisco’s Restaurant Group *		9,995		145
Denny’s, Cl A *		9,349		116
Dollar General		55,100		4,466
Escalade		3,525		48
Foot Locker, Cl A		39,800		1,402
Gap		67,590		1,996
General Motors		4,768		193
Golden Entertainment *		3,250		79
Graham Holdings, Cl B		1,046		612
Grand Canyon Education *		6,975		634
H&R Block		71,476		1,893
Hilton Grand Vacations *		44,134		1,705
John Wiley & Sons, Cl A		11,143		596
Kohl’s		89,800		4,099
Lear		13,324		2,306
Live Nation *		65,236		2,841
Macy’s		37,300		814
Magna International, Cl A		5,101		272
McDonald’s		94,320		14,778
Michael Kors Holdings *		19,675		941
MSG Networks *		49,124		1,041
Murphy USA *		58,900		4,064
NVR*		2,057		5,873
Office Depot		113,687		516
Royal Caribbean Cruises		1,708		202
Sally Beauty Holdings *		142,800		2,796
Scripps Networks Interactive, Cl A		51,600		4,432
Six Flags Entertainment		8,522		519
Target, Cl A		200,400		11,826



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Taylor Morrison Home, Cl A *		16,522	$	364
Ulta Beauty *		27,947		6,318
Urban Outfitters *		104,117		2,488
Viacom, Cl B		40,400		1,125
Visteon *		7,750		959
Walt Disney		113,646		11,202
Yum China Holdings		94,253		3,767

				159,366

Consumer Staples — 15.8%
Altria Group		293,759		18,630
Blue Buffalo Pet Products *		23,955		679
Bunge		85,920		5,968
Calavo Growers		12,136		888
Cal-Maine Foods		5,155		212
Campbell Soup		106,500		4,986
Clorox		28,015		3,695
Coca-Cola		88,049		3,963
Colgate-Palmolive		116,497		8,487
Costco Wholesale		82,114		13,491
CVS Health		112,600		9,157
Dean Foods		86,970		946
Dr Pepper Snapple Group		180,579		15,976
Flowers Foods		216,147		4,066
Fresh Del Monte Produce		108,343		4,925
Hershey		5,488		599
Hostess Brands, Cl A *		49,490		676
Ingredion		49,434		5,964
J&J Snack Foods		5,929		778
JM Smucker		28,500		2,991
Kimberly-Clark		90,119		10,605
Kroger		322,350		6,466
Lamb Weston Holdings		64,597		3,029
Lancaster Colony		3,277		394
McCormick		101,092		10,376
Medifast		4,108		244
Metro, Cl A		92,100		3,160
National Beverage, Cl A		963		119
Nu Skin Enterprises, Cl A		4,164		256
PepsiCo		134,450		14,982
Philip Morris International		113,868		12,640
Pilgrim’s Pride *		36,079		1,025
Pinnacle Foods		45,379		2,594
Procter & Gamble		140,680		12,799
Sanderson Farms		56,492		9,125
Sprouts Farmers Market *		22,194		417
Sysco, Cl A		183,443		9,897
Turning Point Brands *		7,698		131
Tyson Foods, Cl A		194,530		13,705
Universal		38,352		2,198
US Foods Holding *		102,819		2,745
USANA Health Sciences *		7,159		413


SEI Institutional Managed Trust / Annual Report / September 30, 2017			53

SCHEDULE OF INVESTMENTS

September 30, 2017

U.S. Managed Volatility Fund (Continued)



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Vector Group		44,615	$	913
Wal-Mart Stores		320,160		25,017

				250,327

Energy — 1.5%
Antero Resources *		89,605		1,783
Baker Hughes a GE		26,942		986
ExxonMobil		111,500		9,141
Marathon Petroleum		48,171		2,701
Par Pacific Holdings *		21,075		438
Renewable Energy Group *		6,224		76
UMH Properties, Inc.		13,423		209
Valero Energy		103,922		7,995

				23,329

Financials — 14.2%
Access National		2		—
ACNB		966		27
Aflac		100,087		8,146
AGNC Investment ^‡		55,100		1,195
Allstate		125,495		11,534
American Financial Group		39,084		4,043
American National Insurance		3,738		441
Annaly Capital Management ^‡		516,100		6,291
Arch Capital Group *		90,931		8,957
Argo Group International Holdings		5,484		337
Aspen Insurance Holdings		56,757		2,293
Assurant		6,765		646
Assured Guaranty		71,189		2,687
Atlas Financial Holdings *		9,959		188
Axis Capital Holdings		192,717		11,045
B. Riley Financial		13,912		237
Baldwin & Lyons, Cl B		13,464		304
Bank of NT Butterfield & Son		31,168		1,142
BankUnited		24,765		881
BB&T		44,500		2,089
BCB Bancorp		1,744		24
Berkshire Hathaway, Cl B *		75,500		13,841
Blue Capital Reinsurance Holdings		6,587		108
BOK Financial		14,596		1,300
Capitol Federal Financial		66,277		974
Carolina Financial		6,638		238
CBOE Holdings		102,115		10,991
Charter Financial		11,684		217
Civista Bancshares		3,327		74
CME Group		60,812		8,251
Codorus Valley Bancorp		1,123		34
Commerce Union Bancshares		100		2
Community Bankers Trust *		10,851		100
Community Financial		206		7
DNB Financial		478		17
Enstar Group *		3,173		706



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Essent Group *		35,264	$	1,428
Everest Re Group		66,152		15,108
Farmers Capital Bank		10,047		422
First Bancshares		1,681		51
First Business Financial Services		9,694		221
First Foundation *		11,934		214
First Mid-Illinois Bancshares		625		24
FNB Bancorp		288		10
FNF Group		15,254		724
Genworth MI Canada		71,000		2,102
Green Dot, Cl A *		17,458		866
Houlihan Lokey, Cl A		10,707		419
Howard Bancorp *		1,397		29
Independent Bank		1,552		35
Intercontinental Exchange		46,163		3,171
International FCStone *		7,375		283
Invesco Mortgage Capital ^‡		25,452		436
Investar Holding		965		23
James River Group Holdings		8,608		357
Kingstone		8,242		134
LPL Financial Holdings		19,725		1,017
Malvern Bancorp *		480		13
Marcus & Millichap *		5,272		142
MBT Financial		6,562		72
MFA Financial ^‡		803,853		7,042
Morningstar, Cl A		5,095		433
National Bank Holdings, Cl A		16,867		602
National Bank of Canada		96,800		4,648
National Commerce *		6,258		268
National General Holdings		26,359		504
New Mountain Finance		142,100		2,025
Nicolet Bankshares *		6,867		395
NMI Holdings, Cl A *		18,050		224
Northeast Bancorp		516		13
Norwood Financial		450		14
Old Line Bancshares		13,809		387
Old Second Bancorp		15,242		205
PennyMac Financial Services, Cl A *		16,712		297
Peoples Bancorp of North Carolina		541		19
Peoples Financial Services		2,675		128
People’s Utah Bancorp		142		5
PJT Partners		6,455		247
Popular		20,030		720
ProAssurance		19,684		1,076
Progressive		211,774		10,254
Prudential Financial		6,540		695
Radian Group		37,573		702
Reinsurance Group of America, Cl A		19,774		2,759
RenaissanceRe Holdings		51,434		6,951
Royal Bank of Canada		58,700		4,531
S&P Global		28,248		4,415
Safety Insurance Group		6,911		527


54		SEI Institutional Managed Trust / Annual Report / September 30, 2017



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Southern First Bancshares *		176	$	6
Southern Missouri Bancorp		525		19
Starwood Property Trust ^‡		112,600		2,446
Stewart Information Services		6,619		250
Third Point Reinsurance *		79,355		1,238
Timberland Bancorp		4,963		156
Travelers		113,859		13,950
United Financial Bancorp		107,408		1,964
United Security Bancshares		938		9
Unum Group		19,072		975
US Bancorp		104,936		5,624
Validus Holdings		235,678		11,598
Virtu Financial, Cl A		20,927		339
Voya Financial		59,356		2,368
Washington Federal		19,100		643
Waterstone Financial		16,028		313
Wells Fargo		90,400		4,986
White Mountains Insurance Group		303		260

				223,898

Health Care — 15.7%
AbbVie		63,200		5,616
Aetna, Cl A		49,578		7,883
Agilent Technologies		28,664		1,840
AmerisourceBergen, Cl A		63,022		5,215
Amgen, Cl A		22,600		4,214
Anthem		48,900		9,285
Baxter International		252,970		15,874
Biogen *		5,507		1,724
Bio-Rad Laboratories, Cl A *		14,688		3,264
Bristol-Myers Squibb		44,688		2,848
Bruker BioSciences		8,789		261
Cambrex *		7,079		389
Cardinal Health		36,500		2,443
Catalent *		45,512		1,817
Centene *		5,392		522
Chemed		10,276		2,076
Cigna		22,963		4,293
DaVita *		20,279		1,204
Eli Lilly		54,140		4,631
Enzo Biochem *		54,812		574
Express Scripts Holding *		84,759		5,367
Gilead Sciences		75,946		6,153
Globus Medical, Cl A *		5,859		174
Haemonetics *		15,348		689
HCA Healthcare *		48,400		3,852
HealthSouth		26,043		1,207
Henry Schein *		10,521		863
Heska *		7,712		679
Hill-Rom Holdings		2,348		174
Humana		23,961		5,838
ICON *		14,979		1,706



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
ICU Medical *		5,492	$	1,021
Idexx Laboratories *		14,251		2,216
Johnson & Johnson		276,385		35,933
Laboratory Corp of America Holdings *		36,411		5,497
LeMaitre Vascular		18,076		676
Mallinckrodt *		9,294		347
Masimo *		9,323		807
McKesson		13,078		2,009
Merck		530,453		33,965
Mettler Toledo International *		719		450
NeoGenomics *		4,233		47
Owens & Minor		85,348		2,492
Pfizer		670,034		23,920
PRA Health Sciences *		7,794		594
Premier, Cl A *		2,979		97
Prestige Brands Holdings, Cl A *		11,696		586
Quest Diagnostics		87,849		8,226
Sanofi ADR		61,600		3,067
Tactile Systems Technology *		18,933		586
Taro Pharmaceutical Industries *		6,336		714
Teleflex		12,700		3,073
Tivity Health *		6,308		257
UnitedHealth Group		57,996		11,359
Utah Medical Products		6,072		447
Varex Imaging *		9,767		331
Varian Medical Systems *		19,200		1,921
Vertex Pharmaceuticals *		1,699		258
Vocera Communications *		26,002		816
Waters *		6,478		1,163
WellCare Health Plans *		1,880		323
Zoetis, Cl A		41,100		2,621

				248,494

Industrials — 7.2%
3M		9,651		2,026
Blue Bird *		19,903		410
Boeing		51,502		13,092
Brink’s		401		34
Danaher, Cl A		3,748		322
Deere		63,600		7,988
Delta Air Lines, Cl A		50,791		2,449
Expeditors International of Washington		36,941		2,211
FedEx		15,900		3,587
Hawaiian Holdings		7,692		289
JetBlue Airways *		18,066		335
Landstar System		11,775		1,173
Lockheed Martin		17,163		5,326
ManpowerGroup		11,868		1,398
Moog, Cl A *		8,508		710
MSC Industrial Direct, Cl A		15,643		1,182
Nexeo Solutions *		20,876		152
Northrop Grumman		20,593		5,925


SEI Institutional Managed Trust / Annual Report / September 30, 2017		55

SCHEDULE OF INVESTMENTS

September 30, 2017

U.S. Managed Volatility Fund (Continued)



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Omega Flex		370	$	27
Owens Corning		36,668		2,836
Raytheon		39,400		7,351
Republic Services		180,600		11,930
Southwest Airlines, Cl A		47,742		2,673
Spirit AeroSystems Holdings, Cl A		30,963		2,406
United Continental Holdings *		33,421		2,035
United Parcel Service, Cl B		32,299		3,879
United Technologies		74,500		8,648
Waste Management		311,108		24,350

				114,744

Information Technology — 12.0%
Adobe Systems *		17,477		2,607
Alphabet, Cl A *		1,388		1,352
Amdocs		387,743		24,940
Amkor Technology *		59,572		628
Appfolio, Cl A *		7,196		345
Apple		128,646		19,827
Applied Materials		58,117		3,027
Aspen Technology *		47,391		2,977
Atlassian, Cl A *		34,949		1,228
Booz Allen Hamilton Holding, Cl A		147,269		5,506
CA		127,350		4,251
Cadence Design Systems *		69,825		2,756
CDK Global		3,790		239
CDW		10,584		699
Cisco Systems		410,200		13,795
Citrix Systems *		30,579		2,349
CommVault Systems *		1,349		82
Convergys		97,600		2,527
Corning, Cl B		120,900		3,617
CSG Systems International		10,512		422
Dell Technologies, Cl V *		119,541		9,230
DST Systems		730		40
eBay *		137,693		5,296
Electronic Arts *		8,966		1,059
F5 Networks, Cl A *		2,567		309
Facebook, Cl A *		9,168		1,567
Forrester Research		20,059		839
HP		42,819		855
IAC *		13,437		1,580
Intel		300,634		11,448
International Business Machines		73,000		10,591
Intuit		19,411		2,759
Jabil		90,921		2,596
Juniper Networks		7,086		197
Micron Technology *		7,325		288
Microsoft		22,806		1,699
Motorola Solutions		105,193		8,928
NetApp		98,544		4,312
ON Semiconductor *		11,526		213



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Oracle, Cl B		155,246	$	7,506
Qualcomm		126,000		6,532
RealPage *		14,741		588
Sanmina *		9,470		352
Square, Cl A *		111,563		3,214
Sykes Enterprises *		5,752		168
Synopsys *		35,204		2,835
TE Connectivity		29,924		2,485
Tech Data *		30,000		2,665
Teradyne		39,341		1,467
Upland Software *		2,335		49
VeriSign *		26,794		2,851
Western Union		154,100		2,959

				190,651

Materials — 1.8%
AdvanSix *		21,427		852
Avery Dennison		44,400		4,366
Bemis		102,600		4,676
Berry Global Group *		20,371		1,154
Cabot		9,907		553
GCP Applied Technologies *		3,914		120
Kaiser Aluminum		26,200		2,702
LyondellBasell Industries, Cl A		19,735		1,955
Pan American Silver		18,718		319
Schweitzer-Mauduit International		60,500		2,508
Silgan Holdings		104,500		3,075
Sonoco Products		103,900		5,242
Trinseo		24,550		1,647

				29,169

Real Estate — 3.3%
American Homes 4 Rent, ClA ^‡		29,621		643
Anworth Mortgage Asset ^‡		93,474		562
Apollo Commercial Real Estate Finance ^‡		209,092		3,787
Apple Hospitality ^‡		186,384		3,524
Brixmor Property Group ^‡		145,800		2,741
Capstead Mortgage ^‡		97,293		939
Chimera Investment ^‡		11,884		225
City Office		25,978		358
Columbia Property Trust ^‡		29,135		634
Easterly Government Properties ^‡		40,203		831
Four Corners Property Trust ^‡		21,473		535
Gaming and Leisure Properties ^‡		51,681		1,906
Getty Realty ^‡		6,437		184
Great Ajax ^‡		6,210		87
Hospitality Properties Trust ^‡		30,127		858
Host Hotels & Resorts ^‡		40,459		748
InfraREIT^‡		20,110		450
Jernigan Capital ^‡		2,315		48
LaSalle Hotel Properties ^‡		26,701		775
Liberty Property Trust ^‡		26,613		1,093


56		SEI Institutional Managed Trust / Annual Report / September 30, 2017



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Mack-Cali Realty ^‡		15,929	$	378
Maui Land & Pineapple *		12,991		181
Mid-America Apartment Communities ^‡		34,700		3,709
MTGE Investment		59,245		1,149
National Health Investors ^‡		57,000		4,405
Outfront Media ^‡		4,431		111
Owens Realty Mortgage ^‡		5,035		92
Piedmont Office Realty Trust, Cl A ^‡		273,000		5,504
PS Business Parks ^‡		10,803		1,442
Retail Properties of America, Cl A ^‡		315,600		4,144
RMR Group		8,609		442
Ryman Hospitality Properties		6,360		397
Select Income ^‡		15,967		374
Senior Housing Properties Trust ^‡		210,547		4,116
Sun Communities ^‡		5,365		460
Tier^‡		13,825		267
Two Harbors Investment ^‡		389,150		3,923
Xenia Hotels & Resorts ^‡		10,388		219

				52,241

Telecommunication Services — 5.1%
AT&T		658,033		25,775
BCE		82,400		3,852
Nippon Telegraph & Telephone ADR		86,900		3,973
NTT DoCoMo ADR		260,300		5,932
Rogers Communications, Cl B		9,260		477
SK Telecom ADR		191,000		4,697
TELUS		180,274		6,473
Verizon Communications		583,229		28,864

				80,043

Utilities — 11.0%
AES		113,830		1,254
ALLETE		10,633		822
Ameren		111,000		6,420
American Electric Power		259,230		18,208
California Water Service Group, Cl A		9,522		363
Centerpoint Energy		175,519		5,127
Chesapeake Utilities		7,406		580
CMS Energy		53,889		2,496
Consolidated Edison		86,400		6,971
DTE Energy		24,700		2,652
Edison International		157,821		12,179



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
El Paso Electric, Cl A		24,847	$	1,373
Entergy		149,509		11,416
Exelon		645,690		24,323
FirstEnergy		229,300		7,069
Hawaiian Electric Industries		97,419		3,251
Idacorp, Cl A		23,399		2,057
Korea Electric Power ADR		172,200		2,886
MGE Energy		5,829		377
NextEra Energy		23,041		3,377
Northwest Natural Gas		17,621		1,135
NorthWestern		21,996		1,252
NRG Yield, Cl A		6,909		131
OGE Energy		4,860		175
PG&E		100,686		6,856
Pinnacle West Capital		63,576		5,376
PNM Resources		17,377		700
Portland General Electric		75,961		3,467
PPL		333,990		12,675
Public Service Enterprise Group		238,745		11,042
RGC Resources		697		20
SCANA		80,300		3,894
SJW		6,049		342
Southwest Gas Holdings		11,064		859
Spire		2,642		197
UGI		36,148		1,694
Unitil		22,335		1,105
Vectren		12,662		833
Vistra Energy		123,882		2,315
Xcel Energy		132,683		6,279

				173,548

Total Common Stock (Cost $1,289,000) ($ Thousands)				1,545,810

CASH EQUIVALENT — 2.1%
SEI Daily Income Trust, Government Fund, Cl F 0.840%**^†		32,713,195		32,713

Total Cash Equivalent (Cost $32,713) ($ Thousands)				32,713

Total Investments in Securities — 99.8% (Cost $1,321,713) ($ Thousands)			$	1,578,523

A list of the open futures contracts held by the Fund at September 30, 2017, is as follows:

Type of

Contract

Number of

Contracts

Long

Expiration

Date

Notional Amount

($ Thousands)

Value

($ Thousands)

Unrealized

Appreciation

($ Thousands)

S&P 500 Index E-MINI

169

Dec-2017

$20,977

$21,261

$284

Percentages are based on Net Assets of $1,581,542 ($ Thousands).

* Non-income producing security.


SEI Institutional Managed Trust / Annual Report / September 30, 2017		57

SCHEDULE OF INVESTMENTS

September 30, 2017

U.S. Managed Volatility Fund (Concluded)

^**	Rate shown is the 7-day effective yield as of September 30, 2017.

^‡	Real Estate Investment Trust.

^†	Investment in Affiliated Security (see Note 6).

ADR — American Depositary Receipt

Cl — Class

S&P— Standard & Poor’s

The following is a list of the level of inputs used as of September 30, 2017, in valuing the Fund’s investments and other financial instruments carried at value ($ Thousands):



Investments in Securities	Level 1		Level 2		Level 3		Total
Common Stock	$	1,545,810	$	–	$	–	$	1,545,810
Cash Equivalent		32,713		–		–		32,713

Total Investments in Securities	$	1,578,523	$	–	$	–	$	1,578,523


Other Financial Instruments	Level 1		Level 2		Level 3		Total
Futures Contracts *
Unrealized Appreciation	$	284	$	–	$	–	$	284

Total Other Financial Instruments	$	284	$	–	$	–	$	284

* Futures contracts are valued at the unrealized appreciation on the instrument.

For the year ended September 30, 2017, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the year ended September 30, 2017, there were no transfers between Level 2 and Level 3 assets and liabilities.

The following is a summary of the Fund’s transactions with affiliates for the year ended September 30, 2017 ($ Thousands):


Security Description	Value 9/30/2016		Purchases at Cost		Proceeds from Sales		Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)		Value 9/30/2017		Dividend Income
SEI Daily Income Trust, Government Fund, CI F		$ 39,118		$ 428,961		$ (435,366)		$ -		$ -		$ 32,713		$ 146

For more information on valuation inputs, see Note 2 – Significant Accounting Policies in Notes to Financial Statements.

Amounts designated as “—” are $0 or have been rounded to $0.

The accompanying notes are an integral part of the financial statements.


58		SEI Institutional Managed Trust / Annual Report / September 30, 2017

SCHEDULE OF INVESTMENTS

September 30, 2017

Global Managed Volatility Fund



Description	Shares		Market Value ($ Thousands)

COMMON STOCK — 97.1%

Australia — 2.9%
AGL Energy		302,735	$	5,551
Aurizon Holdings		396,225		1,523
AusNet Services		581,811		771
Coca-Cola Amatil		354,615		2,151
Cochlear		8,786		1,098
CSL		82,601		8,682
Flight Centre		38,106		1,346
LendLease Group		186,932		2,628
New Century Resources *		79,806		72
Orica		55,091		855
Qantas Airways		16,181		74
Sonic Healthcare		65,391		1,073
South32		1,019,093		2,615
Stockland		36,630		124
Telstra, Cl B		1,635,953		4,480
Wesfarmers		283,998		9,210
				42,253

Austria — 1.4%
Agrana Beteiligungs		6,400		813
Erste Group Bank		16,661		720
EVN		5,476		86
Oberbank		594		55
Oesterreichische Post		69,674		3,217
OMV		6,227		363
Polytec Holding		8,743		207
Raiffeisen Bank International		23,621		792
Telekom Austria, Cl A		91,176		827
Verbund		75,763		1,786
voestalpine		238,610		12,171
				21,037

Belgium — 0.7%
Colruyt		101,837		5,217
Elia System Operator		14,080		816
Greenyard		8,236		188
Proximus SADP		95,592		3,295
Sipef		1,318		97
				9,613

Canada — 7.3%
Atco, Cl I		122,277		4,478
Bank of Montreal		134,217		10,134
Barrick Gold		183,900		2,953
BCE		157,083		7,356
BTB		7,200		27
Canadian Imperial Bank of Commerce		61,668		5,383
Canadian Tire, Cl A		12,900		1,602
Canadian Utilities, Cl A		80,086		2,481
CCL Industries, Cl B		46,600		2,250
Cineplex		18,916		591
Cogeco Communications		1,600		118
Constellation Software		2,600		1,415



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Dollarama		38,400	$	4,192
Dream Global Real Estate Investment Trust		39,800		350
Emera		125,729		4,751
George Weston		86,380		7,504
Goldcorp		72,700		942
H&R^‡		102,400		1,764
Intact Financial		37,300		3,074
Jean Coutu Group PJC, Cl A		28,100		546
Kinross Gold *		361,100		1,528
Loblaw		90,100		4,906
Maple Leaf Foods		47,627		1,295
Metro, Cl A		91,500		3,139
Morguard^‡		5,637		64
Morguard North American Residential		4,900		61
National Bank of Canada		216,700		10,405
Open Text		12,807		412
RioCan^‡		92,800		1,776
Rogers Communications, Cl B		193,700		9,965
Rogers Sugar		49,208		249
Royal Bank of Canada		1,000		77
Saputo		7,800		269
Shaw Communications, Cl B		327,955		7,531
Toronto-Dominion Bank		55,792		3,134
True North		6,100		32
				106,754

China — 0.0%

Yangzijiang Shipbuilding Holdings		258,900		273

Denmark — 2.3%
Carlsberg, Cl B		93,237		10,205
Coloplast, Cl B		7,871		639
GN Store Nord		179,999		6,171
H Lundbeck, Cl H		7,457		430
ISS		32,743		1,317
Matas		10,339		151
Novo Nordisk, Cl B		102,232		4,888
Royal Unibrew		68,978		3,781
Schouw		12,244		1,331
TDC		183,069		1,073
United International Enterprises		266		56
William Demant Holding *		138,120		3,647
				33,689

Finland — 0.3%
DNA		41,154		720
Elisa		26,419		1,138
Orion, Cl A		2,673		124
Orion, Cl B		59,362		2,755
Raisio, Cl V		10,444		45
				4,782

France — 1.3%
Aeroports de Paris, Cl A		12,008		1,942


SEI Institutional Managed Trust / Annual Report / September 30, 2017			59

SCHEDULE OF INVESTMENTS

September 30, 2017

Global Managed Volatility Fund (Continued)



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Albioma		2,084	$	47
Atos		5,857		909
Boiron		654		58
Credit Agricole		360,553		6,556
Dassault Aviation		1,410		2,281
Engie		204,880		3,480
Eutelsat Communications		20,106		596
GL Events		3,124		104
Groupe Guillin		3,090		159
Metropole Television		20,142		466
Rallye		10,765		200
Veolia Environnement		76,730		1,773
Vilmorin & Cie		2,344		211
				18,782

Germany — 1.7%
Aareal Bank		20,964		888
Aurubis		26,753		2,168
Beiersdorf		5,611		604
Bijou Brigitte		483		31
CECONOMY		100,212		1,180
Deutsche Lufthansa		33,999		945
Fielmann		14,144		1,226
Freenet		166,756		5,577
Hornbach Holding & KGaA		2,111		195
KWS Saat		697		305
MAN		2,451		277
McKesson Europe		11,402		354
Merck KGaA		38,721		4,308
METRO*		68,795		1,455
MVV Energie		2,427		65
Rhoen Klinikum		99,275		3,344
Salzgitter		15,171		688
Suedzucker		3,180		68
Wuestenrot & Wuerttembergische		15,091		410
				24,088

Guernsey — 0.6%
Amdocs		141,376		9,093

Hong Kong — 4.8%
ASM Pacific Technology		342,900		4,939
BOC Hong Kong Holdings		631,500		3,068
CK Asset Holdings ^‡		149,000		1,233
CK Infrastructure Holdings		635,000		5,463
CLP Holdings, Cl B		1,624,656		16,651
First Pacific		756,000		603
Guoco Group		8,000		120
Hang Seng Bank		63,700		1,553
HK Electric Investments & HK Electric Investments (A)		1,691,500		1,542
HKT Trust & HKT		3,521,000		4,278
Hong Kong Aircraft Engineering		26,000		171
Hopewell Holdings		52,000		202



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Hutchison Port Holdings, Cl U		1,674,000	$	720
Hysan Development		86,000		405
I-CABLE Communications *		98,323		3
Jardine Matheson Holdings		1,500		95
Kerry Properties		257,000		1,064
Langham Hospitality Investments and Langham Hospitality Investments		330,000		140
Li & Fung		378,000		190
Link ‡		659,000		5,341
Miramar Hotel & Investment		70,000		154
MTR		649,000		3,789
New World Development		181,000		260
NWS Holdings		238,000		464
PCCW		1,947,000		1,054
Power Assets Holdings		533,500		4,621
Regal Hotels International Holdings		610,000		449
Regal Real Estate Investment Trust		269,000		80
Shangri-La Asia		332,000		616
Sun Hung Kai Properties		17,000		276
Sunlight		310,000		201
Swire Pacific, Cl A ^‡		103,000		1,000
Transport International Holdings, Cl B		115,200		365
WH Group (A)		5,417,500		5,757
Wheelock		140,000		985
Yue Yuen Industrial Holdings		549,500		2,089
				69,941

Ireland — 0.0%
Hibernia		341,851		616

Israel — 1.6%
Amot Investments		138,491		770
Ashtrom Group		16,195		61
Bank Hapoalim		1,360,351		9,528
Bank Leumi Le-Israel		1,523,061		8,099
Israel Discount Bank, Cl A *		1,312,866		3,315
Maabarot Products		1,705		31
Mediterranean Towers		23,508		42
Rami Levy Chain Stores Hashikma Marketing 2006		8,366		428
Shufersal		145,438		855
Strauss Group		10,642		200

				23,329

Italy — 0.7%
ACEA		14,324		222
Banca Mediolanum		394,738		3,453
Hera		1,651,751		5,194
Iren		373,915		1,004
Orsero *		4,900		57

				9,930

Japan — 7.0%
Aeon Hokkaido		17,100		95


60		SEI Institutional Managed Trust / Annual Report / September 30, 2017



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Ahjikan		2,500	$	25
Albis		4,900		191
Alpen		42,169		821
Amiyaki Tei		2,300		97
Aozora Bank		27,500		1,046
Araya Industrial		2,600		49
Arcland Sakamoto		3,900		59
Asahi Holdings		2,700		55
Asante		2,200		39
Atsugi		23,900		270
Benesse, Cl A		2,800		101
Bookoff		6,100		44
Brother Industries		37,400		870
Can Do		4,500		72
Central Sports		2,800		96
CK-San-Etsu		1,000		25
Computer Institute of Japan		24,800		141
Daiichi Sankyo		185,579		4,184
Daisyo		1,700		26
Dunlop Sports		2,921		42
DyDo Group Holdings		36,590		1,742
EDION		84,400		791
Eisai		43,600		2,237
EMS-Chemie Holding		4,333		2,884
Feed One		91,900		215
Fujitsu		384,000		2,852
Fujiya		17,100		382
G-7 Holdings, Cl 7		9,000		183
Gakkyusha		2,900		39
Genki Sushi		3,100		73
HABA Laboratories		1,500		68
Hakudo		2,200		41
Heiwa Real Estate		156		126
Hokkaido Gas		26,000		66
Hoya		49,100		2,650
Idemitsu Kosan		6,000		169
Imuraya Group		1,200		22
Invesco Office		899		856
Itochu-Shokuhin		2,003		90
Japan Airlines		40,400		1,367
Japan Logistics Fund		151		281
Japan Tobacco		113,100		3,705
J-Oil Mills		2,500		88
Kadoya Sesame Mills		1,000		51
Kato Sangyo		29,100		875
KDDI		77,700		2,048
Keiyo		42,700		291
Key Coffee		1,600		31
King Jim		14,000		125
Kirin Holdings		30,400		715
Kirindo Holdings		4,600		54
Kohnan Shoji		69,746		1,309



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Kohsoku		2,600	$	28
Kojima *		76,800		275
Kurimoto		8,700		181
Kyokuyo		14,200		421
KYORIN Holdings		109,700		2,207
Kyoritsu Printing		19,100		58
Kyoto Kimono Yuzen		9,200		75
LaSalle Logiport		1,006		979
Marubeni		332,300		2,269
Marudai Food		42,636		202
McDonald’s Holdings Japan		113,400		5,017
Medipal Holdings		18,300		318
Ministop		47,755		927
Mitsubishi		4,500		105
Mitsubishi Gas Chemical		105,900		2,481
Mitsubishi Tanabe Pharma		294,400		6,748
Mitsui		207,300		3,063
Mitsui Sugar		23,700		797
Mixi		7,800		376
Miyoshi Oil & Fat		10,600		139
Mochida Pharmaceutical		6,300		463
Molitec Steel		14,800		59
Morozoff		1,100		71
Mory Industries		4,000		93
MOS Food Services		50,758		1,580
MrMax Holdings		76,103		366
NAC		12,200		106
Nakamuraya		900		40
Neturen		7,600		76
Nihon Yamamura Glass		101,000		179
NIPPON		427		1,227
Nippon Beet Sugar Manufacturing		5,000		108
Nippon BS Broadcasting		8,200		93
Nippon Express		8,800		573
Nippon Flour Mills		81,934		1,248
Nippon Koshuha Steel		5,900		59
Nippon Light Metal Holdings		33,200		94
Nippon Prologis ‡		184		388
Nisshin Oillio Group		45,952		1,506
Nissui Pharmaceutical		10,800		135
NTT DOCOMO		256,700		5,862
Ohmoto Gumi		800		33
Ohsho Food Service		6,400		257
Okinawa Electric Power		78,210		1,719
Okuwa		10,000		103
Oracle Japan		42,600		3,345
Osaka Gas		166,400		3,092
Otsuka		4,700		301
OUG Holdings		1,300		32
PIA		2,700		128
Plenus		25,400		561
Proto		3,600		65


SEI Institutional Managed Trust / Annual Report / September 30, 2017		61

SCHEDULE OF INVESTMENTS

September 30, 2017

Global Managed Volatility Fund (Continued)



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Retail Partners		5,500	$	65
Rhythm Watch		1,900		40
Rock Field		18,762		333
Sagami Chain		6,300		77
San Holdings		1,900		46
SD Entertainment		1,800		17
Senshukai		9,500		58
SFP Holdings		9,500		148
Shibusawa Warehouse		2,000		36
Shoei Foods		4,700		193
Showa Sangyo		5,800		150
Soken Chemical & Engineering		3,400		71
ST		11,900		265
Start Today		7,300		231
Starzen		12,700		619
Studio Alice		17,532		424
Sumitomo		6,800		98
Sumitomo Dainippon Pharma		54,800		713
Taiko Pharmaceutical		30,700		639
Takara Holdings		51,700		472
Takeda Pharmaceutical		22,400		1,237
Toho		4,300		103
Tokai		4,805		205
Tokyo Gas		20,400		500
Tokyo Rakutenchi		400		21
Tokyo Theatres		16,900		221
Trend Micro		30,300		1,491
Tsumura		72,300		2,601
United Super Markets Holdings		14,700		141
Vital KSK Holdings		59,400		492
Waseda Academy		2,200		34
WIN-Partners		9,200		123
Yamatane		8,500		144
Yamaya		1,800		27
Yashima Denki		4,500		37
Yasuda Logistics		12,800		103
Yellow Hat		14,700		417
Yodogawa Steel Works		2,000		55
Yoshinoya Holdings		162,204		2,672
ZERIA Pharmaceutical		33,800		604
				101,325

Jersey — 0.1%
Randgold Resources		7,755		761

Luxembourg — 0.2%
RTL Group		18,720		1,417
SES, Cl A		68,546		1,500
				2,917

Netherlands — 0.2%
ABN AMRO Group (A)		30,351		909
Amsterdam Commodities		7,913		232
ForFarmers		78,545		1,022



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Heineken Holding		10,566	$	993
Sligro Food Group		9,753		449

				3,605

New Zealand — 2.0%
Abano Healthcare Group		3,951		27
Argosy Property		361,070		271
Arvida Group		244,768		216
Auckland International Airport		343,220		1,598
Chorus		401,827		1,139
Contact Energy		1,403,586		5,581
EBOS Group		23,182		287
Fisher & Paykel Healthcare		691,471		6,388
Fletcher Building		462,117		2,669
Freightways		45,124		254
Genesis Energy		72,181		125
Goodman Property Trust		595,385		551
Kiwi Property Group		962,910		940
Mainfreight		3,460		62
Mercury NZ		826,179		2,025
Meridian Energy		129,503		266
Metlifecare		44,417		186
Oceania Healthcare *		160,026		110
Property for Industry		140,609		172
Restaurant Brands New Zealand		15,713		77
Ryman Healthcare		137,400		921
Sanford		10,470		58
Skellerup Holdings		21,548		26
Spark New Zealand		1,573,533		4,152
Stride Property Group		75,455		89
Summerset Group Holdings		55,485		204
Synlait Milk *		34,957		168
Tegel Group Holdings		77,476		73
Trustpower		17,541		70
Vector		94,500		223
Vital Healthcare Property Trust		48,666		78
Warehouse Group		18,762		30
Z Energy		30,462		162
				29,198

Norway — 1.6%
Austevoll Seafood		16,866		176
Norsk Hydro		290,575		2,114
Orkla		1,036,596		10,639
Selvaag Bolig		11,051		47
Telenor		476,079		10,071
				23,047

Panama — 0.7%
Carnival		148,112		9,564

Portugal — 0.3%
Jeronimo Martins SGPS		99,741		1,968


62		SEI Institutional Managed Trust / Annual Report / September 30, 2017



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Redes Energeticas Nacionais		665,000	$	2,165
				4,133

Singapore — 1.9%
AIMS AMP Capital Industrial		139,200		144
Ascendas Hospitality Trust		469,300		288
BreadTalk Group		39,300		46
Cache Logistics Trust		528,300		325
CapitaLand Commercial Trust ‡		2,430,200		2,962
CapitaMall Trust		1,514,200		2,230
CDL Hospitality Trusts		544,300		649
City Developments		16,700		139
ComfortDelGro		731,100		1,120
DBS Group Holdings		112,200		1,720
EC World Real Estate Investment Trust Unit		55,800		32
Far East Hospitality Trust		590,800		291
First		196,000		193
Fraser and Neave		20,400		38
Frasers Centrepoint		72,400		111
Frasers Hospitality Trust		246,100		136
Genting Singapore		771,900		665
GL		55,600		35
IREIT Global		88,100		50
Jardine Strategic Holdings		4,600		199
Manulife US Real Estate Investment Trust		91,600		84
Mapletree Greater China Commercial Trust		425,600		362
Mapletree Logistics Trust		1,202,000		1,098
Olam International		49,200		73
OUE		55,100		79
OUE Hospitality Trust		382,600		223
Oversea-Chinese Banking		54,100		445
QAF		30,100		27
SATS		341,000		1,158
Sheng Siong Group		499,300		338
SIA Engineering		147,500		379
Singapore Airlines		256,300		1,895
Singapore Press Holdings		586,900		1,176
Singapore Technologies Engineering		371,600		941
Singapore Telecommunications		408,900		1,108
Soilbuild Business Space		323,300		167
SPH		201,700		148
StarHub		1,299,167		2,487
Suntec		146,100		201
United Overseas Bank		36,100		625
Venture		87,259		1,133
Viva Industrial Trust		339,700		236
Wilmar International		910,700		2,133
				27,889

Spain — 0.4%
Ebro Foods		95,180		2,256
Grifols		10,824		315



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Iberdrola		461,386	$	3,585
				6,156

Sweden — 2.3%
Axfood		350,279		5,995
Catena		1,638		29
Clas Ohlson, Cl B		10,213		189
Essity, Cl B *		80,522		2,186
ICA Gruppen		258,567		9,697
Svenska Cellulosa SCA, Cl B		64,544		546
Swedish Match		339,138		11,871
Tele2, Cl B		16,130		184
Telia		672,080		3,158
				33,855

Switzerland — 6.0%
ABB		75,486		1,868
Allreal Holding, Cl A		18,284		3,207
Alpiq Holding		2,180		176
Baloise Holding		6,861		1,086
Barry Callebaut		213		327
Bell Food Group		243		113
BKW		10,313		620
Chocoladefabriken Lindt & Spruengli		171		1,422
Coca-Cola HBC		77,480		2,625
Conzzeta		303		320
Flughafen Zurich		18,844		4,265
Forbo Holding		558		891
Intershop Holding		158		78
Kaba Holding		1,291		1,318
Kuehne & Nagel International		898		166
Mobimo Holding		2,811		760
Nestle		211,811		17,753
Novartis		166,517		14,266
Pargesa Holding		3,060		255
Roche Holding		30,725		7,849
Schindler Holding		11,480		2,538
SGS, Cl B		591		1,419
Siegfried Holding		3,677		1,211
Sonova Holding		43,215		7,338
Straumann Holding		826		531
Swiss Prime Site		43,495		3,913
Swisscom		13,642		6,996
Swissquote Group Holding		2,446		92
Valora Holding		9,348		3,275
Vontobel Holding		1,656		106
Zug Estates Holding, Cl B		43		80
				86,864

United Kingdom — 3.4%
A.G. Barr		15,592		129
Aviva		68,315		472
BCA Marketplace		103,786		306
Britvic		379,524		3,847


SEI Institutional Managed Trust / Annual Report / September 30, 2017		63

SCHEDULE OF INVESTMENTS

September 30, 2017

Global Managed Volatility Fund (Continued)



Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Carnival		17,559	$	1,117
Centrica		697,981		1,751
Close Brothers Group		78,263		1,549
Cranswick		27,762		1,099
Diageo		267,834		8,815
easyJet		22,965		375
Empiric Student Property		55,520		75
Eurocell		7,373		25
F&C UK Real Estate Investment		27,598		39
Focusrite		6,827		25
G4S		74,168		277
GlaxoSmithKline		17,358		347
Grainger		14,911		54
Greggs		164,376		2,750
Hansteen Holdings		26,563		49
Imperial Brands		111,605		4,768
John Menzies		14,366		139
Joules Group		33,564		122
Kingfisher		1,629,119		6,524
Mcbride		20,797		59
Melrose Industries		40,201		115
Microgen		14,503		95
Moneysupermarket.com Group		75,250		321
National Express Group		171,300		813
QinetiQ Group		191,591		635
Rank Group		13,575		40
Rentokil Initial		309,043		1,246
Rightmove		41,784		2,268
Rio Tinto		48,990		2,557
Secure Income		20,229		102
Softcat		114,574		646
SSE		296,702		5,561
SSP Group		30,951		223
Tate & Lyle		9,411		82
Telecom Plus		3,125		45
Tritax Big Box		222,506		425
ULS Technology		3,220		5

				49,892

United States — 45.4%
AbbVie		26,923		2,392
Aetna, Cl A		29,090		4,626
Agilent Technologies		5,443		349
AGNC Investment ‡		871,601		18,896
Altria Group		186,895		11,853
American National Insurance		2,372		280
AmerisourceBergen, Cl A		10,207		845
Amgen, Cl A		2,870		535
Annaly Capital Management ‡		865,718		10,553
Anthem		10,844		2,059
Appfolio, Cl A *		11,552		554
AptarGroup		10,238		884
Ares Commercial Real Estate ‡		48,161		641



Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Avery Dennison		10,628	$	1,045
AVX		19,461		355
BankFinancial		7,144		114
Baxter International		18,777		1,178
Beneficial Bancorp		213,327		3,541
Berkshire Hathaway, Cl B *		48,503		8,892
Bio-Rad Laboratories, Cl A *		47,156		10,479
BWX Technologies, Cl W		9,426		528
Capitol Federal Financial		226,653		3,332
Chemed		52,849		10,678
Church & Dwight		65,531		3,175
Churchill Downs		4,449		917
Cigna		19,615		3,667
Cisco Systems		209,625		7,050
Clorox		120,559		15,903
Coca-Cola		313,619		14,116
Colgate-Palmolive		135,965		9,905
Comcast, Cl A		174,512		6,715
Consolidated Edison		26,386		2,129
Costco Wholesale		31,145		5,117
Crown Holdings *		8,472		506
Danaher, Cl A		117,032		10,039
Darden Restaurants		49,860		3,928
Dr Pepper Snapple Group		16,109		1,425
Edgewell Personal Care *		6,810		496
Ellington Residential Mortgage ‡		6,136		89
Estee Lauder, Cl A		96,068		10,360
Exelon		221,942		8,361
Expeditors International of Washington		6,307		378
First Northwest Bancorp *		6,976		119
Fresh Del Monte Produce		73,910		3,360
Gap		141,728		4,185
Gilead Sciences		99,235		8,040
Graham Holdings, Cl B		1,600		936
Grand Canyon Education *		1,011		92
Haemonetics *		19,494		875
Henry Schein *		40,538		3,324
Hershey		19,372		2,115
Home Depot		63,923		10,455
Humana		50,401		12,279
IAC *		32,910		3,870
Interpublic Group		111,649		2,321
Intuitive Surgical *		5,662		5,922
J&J Snack Foods		15,226		1,999
Johnson & Johnson		151,599		19,709
JPMorgan Chase		35,476		3,388
Kaiser Aluminum		59,837		6,172
Kearny Financial		235,945		3,622
Kellogg		30,055		1,875
Kimball International, Cl B		24,329		481
Kimberly-Clark		49,918		5,874
Lincoln National		124,572		9,154


64		SEI Institutional Managed Trust / Annual Report / September 30, 2017



Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Live Nation *		184,599	$	8,039
Luminex		7,275		148
Madison Square Garden *		6,697		1,434
ManpowerGroup		82,673		9,741
Marchex, Cl B *		10,578		33
Masimo *		45,763		3,961
Mastercard, Cl A		66,479		9,387
Materion		3,148		136
McDonald’s		129,952		20,361
Medifast		17,360		1,031
Merck		157,053		10,056
Meridian Bancorp		59,696		1,113
MetLife		205,195		10,660
Mettler Toledo International *		17,574		11,004
MTGE Investment		48,182		935
National Healthcare		12,906		808
National Western Life Group, Cl A		1,518		530
New York Times, Cl A		99,956		1,959
Northfield Bancorp		4,170		72
Northrop Grumman		5,180		1,490
NorthStar Realty Europe		170,202		2,180
Northwest Bancshares		179,116		3,093
Oil-Dri Corp of America		1,780		87
Omnicom Group		14,982		1,110
Owens & Minor		92,187		2,692
PepsiCo		134,313		14,966
PerkinElmer		32,531		2,244
Pfizer		294,129		10,500
Philip Morris International		88,791		9,857
Playa Hotels & Resorts *		6,239		65
Prestige Brands Holdings, Cl A *		16,614		832
Priceline Group *		1,926		3,526
Procter & Gamble		187,363		17,046
Prudential Financial		63,640		6,766
Quest Diagnostics		107,105		10,029
RCI Hospitality Holdings		14,074		348
Reinsurance Group of America, Cl A		35,836		5,000
Reliance Steel & Aluminum		123,148		9,380
Republic Services		178,981		11,823
Scholastic, Cl B		48,823		1,816
Service International		75,567		2,607
SI Financial Group		4,227		63
Southern		121,989		5,995
Spectrum Brands Holdings		59,169		6,267
Starwood Property Trust ‡		18,954		412
Symantec, Cl A		57,208		1,877
Synopsys *		55,820		4,495
Sysco, Cl A		222,527		12,005
Teleflex		46,842		11,334
Telephone & Data Systems		43,322		1,208
Timberland Bancorp		1,923		60
Travelport Worldwide		81,708		1,283



Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Trustco Bank NY		91,826	$	817
Tyson Foods, Cl A		79,386		5,593
United Parcel Service, Cl B		84,008		10,089
United Technologies		1,763		205
United Therapeutics *		50,202		5,883
UnitedHealth Group		17,739		3,474
Unitil		8,346		413
Universal		69,317		3,972
Unum Group		50,390		2,576
Varian Medical Systems *		70,824		7,087
Vector Group		166,072		3,400
VMware, Cl A *		57,033		6,227
Voya Financial		285,179		11,376
VWR *		38,245		1,266
Walgreens Boots Alliance		44,399		3,428
Wal-Mart Stores		123,212		9,628
Walt Disney		94,631		9,328
Waste Management		145,909		11,420
Waterstone Financial		28,550		557
Zoetis, Cl A		31,226		1,991

				661,646
Total Common Stock (Cost $1,208,108) ($ Thousands)				1,415,032


PREFERRED STOCK — 0.3%
Germany — 0.3%
Henkel & KGaA		25,051		3,410

Sweden — 0.0%
Akelius Residential Property		11,767		482

Total Preferred Stock (Cost $3,751) ($ Thousands)				3,892

		Number of Rights

RIGHTS — 0.0%
New Zealand — 0.0%
Arvida Group, Expires 10/12/2017		1		–


Singapore — 0.0%
CapitaLand Commercial Trust, Expires 10/24/2017		403,413		87
Manulife US Real Estate Investment Trust, Expires 10/19/2017		37,556		8
MapleTree Logistics, Expires 10/09/2017		120,200		8

Total Rights (Cost $—) ($ Thousands)				103


SEI Institutional Managed Trust / Annual Report / September 30, 2017		65

SCHEDULE OF INVESTMENTS

September 30, 2017

Global Managed Volatility Fund (Continued)



Description	Shares		Market Value ($ Thousands)
CASH EQUIVALENT — 2.3%
SEI Daily Income Trust, Government Fund, Cl F 0.840%**^†		34,015,918	$	34,016


Total Cash Equivalent (Cost $34,016) ($ Thousands)				34,016


Total Investments — 99.7% (Cost $1,245,875) ($ Thousands)			$	1,453,043

A list of the open futures contracts held by the Fund at September 30, 2017, is as follows:


Type of Contract	Number of Contracts Long		Expiration Date		Notional Amount ($ Thousands)		Value ($ Thousands)		Unrealized Appreciation (Depreciation) ($ Thousands)
DJ Euro Stoxx 50 Index		60		Dec-2017		$2,511		$2,537	$56
FTSE 100 Index		15		Dec-2017		1,463		1,475	3
Hang Seng Index		3		Oct-2017		526		528	2
S&P 500 Index E-MINI		85		Dec-2017		10,478		10,693	215
SPI 200 Index		7		Dec-2017		792		778	(4)
TOPIX Index		11		Dec-2017		1,609		1,637	59

						$17,379		$17,648	$331


66		SEI Institutional Managed Trust / Annual Report / September 30, 2017

A list of the open forward foreign currency contracts held by the Fund at September 30, 2017, is as follows:

Counterparty

Settlement Date

Currency to Deliver
(Thousands)

Currency to Receive
(Thousands)

Unrealized
Appreciation
(Depreciation)
(Thousands)

Brown Brothers Harriman

10/30/17

USD

NOK

–

Brown Brothers Harriman

10/30/17

USD

GBP

–

Brown Brothers Harriman

10/30/17

USD

GBP

–

Brown Brothers Harriman

10/30/17

USD

SEK

416

–

Brown Brothers Harriman

10/30/17

USD

NZD

–

Brown Brothers Harriman

10/30/17

USD

NZD

–

Brown Brothers Harriman

10/30/17

USD

DKK

441

–

Brown Brothers Harriman

10/30/17

USD

158

CAD

195

)

Brown Brothers Harriman

10/30/17

USD

140

HKD

1,091

–

Brown Brothers Harriman

10/30/17

USD

HKD

668

–

Brown Brothers Harriman

10/30/17

USD

242

CHF

234

Brown Brothers Harriman

10/30/17

USD

258

EUR

219

Brown Brothers Harriman

10/30/17

USD

JPY

8,145

–

Brown Brothers Harriman

10/30/17

USD

210

JPY

23,507

)

Brown Brothers Harriman

10/30/17

GBP

18,931

USD

25,566

149

Brown Brothers Harriman

10/30/17

SGD

20,212

USD

14,963

Brown Brothers Harriman

10/30/17

SGD

USD

–

Brown Brothers Harriman

10/30/17

NZD

20,962

USD

15,232

Brown Brothers Harriman

10/30/17

NZD

167

USD

120

)

Brown Brothers Harriman

10/30/17

AUD

28,933

USD

22,978

287

Brown Brothers Harriman

10/30/17

AUD

123

USD

–

Brown Brothers Harriman

10/30/17

CHF

105

USD

109

–

Brown Brothers Harriman

10/30/17

CHF

43,639

USD

45,114

(80

)

Brown Brothers Harriman

10/30/17

EUR

54,414

USD

64,696

277

Brown Brothers Harriman

10/30/17

EUR

400

USD

470

)

Brown Brothers Harriman

10/30/17

CAD

64,728

USD

52,436

664

Brown Brothers Harriman

10/30/17

CAD

240

USD

192

–

Brown Brothers Harriman

10/30/17

NOK

92,121

USD

11,802

219

Brown Brothers Harriman

10/30/17

NOK

1,268

USD

159

–

Brown Brothers Harriman

10/30/17

DKK

106,133

USD

16,959

Brown Brothers Harriman

10/30/17

DKK

916

USD

145

–

Brown Brothers Harriman

10/30/17

SEK

144,150

USD

17,971

281

Brown Brothers Harriman

10/30/17

SEK

1,148

USD

141

–

Brown Brothers Harriman

10/30/17

HKD

152

USD

–

Brown Brothers Harriman

10/30/17

HKD

279,538

USD

35,802

(16

)

Brown Brothers Harriman

10/30/17

JPY

5,847,354

USD

52,376

351

Brown Brothers Harriman

10/30/17

JPY

33,245

USD

296

–

2,358

Percentages

are based on Net Assets of $1,457,726 ($ Thousands).

*	Non-income producing security.

**	Rate shown is the 7-day effective yield as of September 30, 2017.

^‡	Real Estate Investment Trust.

^†	Investment in Affiliated Security (see Note 6).

(A)


SEI Institutional Managed Trust / Annual Report / September 30, 2017		67

SCHEDULE OF INVESTMENTS

September 30, 2017

Global Managed Volatility Fund (Concluded)

AUD — Australian Dollar

CAD — Canadian Dollar

CHF — Swiss Franc

Cl — Class

DJ — Dow Jones

DKK — Danish Krone

EUR — Euro

FTSE— Financial Times and the London Stock Exchange

GBP — British Pound Sterling

HKD — Hong Kong Dollar

JPY — Japanese Yen

NOK — Norwegian Krone

NZD — New Zealand Dollar

S&P— Standard & Poor’s

SEK — Swedish Krona

SGD — Singapore Dollar

SPI — Share Price Index

TOPIX — Tokyo Price Index

USD — United States Dollar

The following is a list of the level of inputs used as of September 30, 2017, in valuing the Fund’s investments and other financial instruments carried at value ($ Thousands):


Investments in Securities	Level 1		Level 2		Level 3		Total
Common Stock	$	1,413,141	$	1,891	$	–	$	1,415,032
Preferred Stock		3,892		–		–		3,892
Rights		103		–		–		103
Cash Equivalent		34,016		–		–		34,016

Total Investments in Securities	$	1,451,152	$	1,891	$	–	$	1,453,043


Other Financial Instruments	Level 1		Level 2		Level 3		Total
Futures Contracts *
Unrealized Appreciation	$	335	$	–	$	–	$	335
Unrealized Depreciation		(4)		–		–		(4)
Forwards Contracts *
Unrealized Appreciation		–		2,460		–		2,460
Unrealized Depreciation		–		(102)		–		(102)

Total Other Financial Instruments	$	331	$	2,358	$	–	$	2,689

* Futures contracts and forward contracts are valued at the unrealized appreciation (depreciation) on the instrument.

For the year ended September 30, 2017, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the year ended September 30, 2017, there were no transfers between Level 2 and Level 3 assets and liabilities.

The following is a summary of the Fund’s transactions with affiliates for the year ended September 30, 2017 ($ Thousands):


Security Description	Value 9/30/2016		Purchases at Cost		Proceeds from Sales		Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)		Value 9/30/2017		Dividend Income
SEI Daily Income Trust, Government Fund, CI F		$83,471		$ 178,236		$ (227,691)		$ -		$ -		$ 34,016		$ 186

For more information on valuation inputs, see Note 2 – Significant Accounting Policies in Notes to Financial Statements.

Amounts designated as “—” are $0 or have been rounded to $0.

The accompanying notes are an integral part of the financial statements.


68		SEI Institutional Managed Trust / Annual Report / September 30, 2017

SCHEDULE OF INVESTMENTS

September 30, 2017

Tax-Managed Managed Volatility Fund



Description	Shares		Market Value ($ Thousands)
COMMON STOCK — 97.7%

Consumer Discretionary — 7.1%
Aaron’s		8,033	$	350
Best Buy		13,870		790
Big Lots		16,600		889
Brunswick		19,193		1,074
Canadian Tire, Cl A		29,600		3,677
Children’s Place		37,800		4,466
Comcast, Cl A		168,100		6,468
Dana		63,734		1,782
Darden Restaurants		65,500		5,160
Dollar General		13,022		1,055
Dunkin’ Brands Group		28,949		1,537
Fiat Chrysler Automobiles		30,990		555
Graham Holdings, Cl B		1,400		819
John Wiley & Sons, Cl A		8,440		452
Lear		6,268		1,085
Lowe’s		34,400		2,750
McDonald’s		41,554		6,511
NVR *		685		1,956
Sally Beauty Holdings *		154,900		3,033
Scripps Networks Interactive, Cl A		46,400		3,985
Target, Cl A		114,100		6,733
Tenneco		4,640		282
Ulta Beauty *		14,506		3,279
Walt Disney		140,049		13,805
Wyndham Worldwide		25,200		2,656

				75,149

Consumer Staples — 16.6%
Altria Group		234,072		14,845
Archer-Daniels-Midland		45,200		1,922
Church & Dwight		123,346		5,976
Clorox		54,877		7,239
Coca-Cola		127,693		5,748
Coca-Cola European Partners		49,400		2,056
Colgate-Palmolive		75,764		5,519
Conagra Brands		123,574		4,169
Costco Wholesale		40,733		6,692
CVS Health		75,600		6,148
Dr Pepper Snapple Group		64,545		5,710
Hershey		69,527		7,590
Ingredion		29,882		3,605
JM Smucker		55,357		5,809
Kellogg		22,947		1,431
Kimberly-Clark		65,486		7,706
Kroger		159,232		3,194
Lamb Weston Holdings		41,191		1,931
McCormick		72,119		7,402
Metro, Cl A		58,400		2,004
Nu Skin Enterprises, Cl A		29,523		1,815
PepsiCo		98,075		10,929
Philip Morris International		62,123		6,896



Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Pinnacle Foods		5,506	$	315
Procter & Gamble		93,908		8,544
Sanderson Farms		29,093		4,699
Sysco, Cl A		134,231		7,242
Tyson Foods, Cl A		81,900		5,770
Universal		16,000		917
Wal-Mart Stores		251,605		19,660
Weis Markets		43,300		1,884

				175,367

Energy — 0.7%
Marathon Petroleum		32,171		1,804
Valero Energy		77,672		5,975

				7,779

Financials — 16.1%
Aflac		56,400		4,590
AGNC Investment ^‡		167,951		3,641
Allstate		70,896		6,516
American Financial Group		41,500		4,293
Annaly Capital Management ^‡		409,600		4,993
Arch Capital Group *		78,888		7,770
Assurant		13,330		1,273
Assured Guaranty		42,929		1,621
Axis Capital Holdings		177,972		10,200
Bank of America		26,785		679
Berkshire Hathaway, Cl B *		59,100		10,834
BOK Financial		52,300		4,659
Canadian Imperial Bank of Commerce		31,000		2,706
CBOE Holdings		120,129		12,930
Chubb		12,399		1,768
Everest Re Group		51,645		11,795
Fairfax Financial Holdings		2,520		1,308
Genworth MI Canada		23,900		708
Hanover Insurance Group, Cl A		19,700		1,910
MFA Financial ^‡		624,682		5,472
Morningstar, Cl A		62,858		5,342
National Bank of Canada		54,700		2,626
New Mountain Finance		10,997		157
PNC Financial Services Group		21,400		2,884
Popular		6,756		243
ProAssurance		78,979		4,316
Progressive		115,800		5,607
Reinsurance Group of America, Cl A		13,729		1,916
RenaissanceRe Holdings		96,760		13,076
Starwood Property Trust ^‡		113,800		2,472
TFS Financial		144,086		2,324
Toronto-Dominion Bank		63,900		3,589
Travelers		87,605		10,733
Validus Holdings		210,877		10,377
Voya Financial		16,682		665


SEI Institutional Managed Trust / Annual Report / September 30, 2017			69

SCHEDULE OF INVESTMENTS

September 30, 2017

Tax-Managed Managed Volatility Fund (Continued)



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
White Mountains Insurance Group		4,079	$	3,496

				169,489

Health Care — 15.7%
AbbVie		53,300		4,736
Aetna, Cl A		49,474		7,867
AmerisourceBergen, Cl A		64,617		5,347
Amgen, Cl A		16,800		3,132
Anthem		47,477		9,015
AstraZeneca ADR		107,200		3,632
Baxter International		124,505		7,813
Biogen *		4,990		1,563
Bio-Rad Laboratories, Cl A *		8,340		1,853
Bristol-Myers Squibb		27,911		1,779
Catalent *		30,835		1,231
Chemed		2,119		428
Edwards Lifesciences, Cl A *		2,820		308
Eli Lilly		93,318		7,982
Express Scripts Holding *		53,512		3,388
Gilead Sciences		56,200		4,553
Hill-Rom Holdings		9,563		708
Hologic *		40,619		1,490
Humana		15,187		3,700
ICON *		16,725		1,905
Johnson & Johnson		215,102		27,965
Laboratory Corp of America Holdings *		24,280		3,666
Masimo *		14,010		1,213
McKesson		11,300		1,736
Merck		265,429		16,995
Pfizer		646,425		23,077
Premier, Cl A *		80,647		2,627
Quest Diagnostics		57,634		5,397
Taro Pharmaceutical Industries *		4,198		473
UnitedHealth Group		39,100		7,658
Varian Medical Systems *		2,690		269
Vertex Pharmaceuticals *		2,595		395
Zoetis, Cl A		28,325		1,806

				165,707

Industrials — 12.3%
3M		30,082		6,314
Boeing		32,700		8,313
BWX Technologies, Cl W		33,432		1,873
EMCOR Group		19,642		1,363
Expeditors International of Washington		104,761		6,271
FedEx		21,100		4,760
General Dynamics		8,600		1,768
Huntington Ingalls Industries, Cl A		8,389		1,900
Kaman, Cl A		32,900		1,835
L3 Technologies		23,577		4,443
Landstar System		46,398		4,624
Lockheed Martin		34,838		10,810



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
ManpowerGroup		302	$	36
Moog, Cl A *		3,667		306
Northrop Grumman		53,546		15,406
Orbital ATK		24,500		3,262
Owens Corning		14,251		1,102
Quanta Services *		47,559		1,777
Raytheon		96,700		18,042
Republic Services		146,100		9,651
Southwest Airlines, Cl A		30,072		1,683
Spirit AeroSystems Holdings, Cl A		15,189		1,180
United Continental Holdings *		18,050		1,099
United Parcel Service, Cl B		45,495		5,464
United Technologies		50,700		5,885
Waste Management		137,382		10,753

				129,920

Information Technology — 11.2%
Advanced Energy Industries *		4,743		383
Amdocs		177,838		11,439
Apple		59,200		9,124
Applied Materials		38,073		1,983
Aspen Technology *		27,007		1,696
Automatic Data Processing		41,459		4,532
Benchmark Electronics *		52,700		1,800
Broadridge Financial Solutions		23,238		1,878
CA		69,600		2,323
Cadence Design Systems *		28,024		1,106
Canon ADR		87,700		3,010
Cisco Systems		242,600		8,159
Citrix Systems *		12,870		989
CSG Systems International		37,600		1,508
Dell Technologies Class V, Cl V *		108,346		8,365
eBay *		39,530		1,520
Facebook, Cl A *		11,242		1,921
Flex *		16,170		268
Harris		20,200		2,660
Intel		265,600		10,114
International Business Machines		19,200		2,786
Intuit		13,410		1,906
Jabil		33,020		943
Jack Henry & Associates		13,800		1,418
Microsoft		72,739		5,418
Motorola Solutions		48,500		4,116
NetApp		11,469		502
Oracle, Cl B		85,200		4,119
Science Applications International		14,671		981
Symantec, Cl A		179,770		5,898
Synopsys *		80,204		6,459
Take-Two Interactive Software, Cl A *		18,916		1,934
Tech Data *		22,200		1,972
Teradyne		19,298		720
VeriSign *		18,392		1,957


70		SEI Institutional Managed Trust / Annual Report / September 30, 2017



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Western Union		118,100	$	2,268

				118,175

Materials — 1.5%
AptarGroup		7,900		682
Avery Dennison		31,600		3,108
Bemis		44,400		2,023
Cabot		13,784		769
Chemours		5,936		300
Kaiser Aluminum		33,600		3,465
LyondellBasell Industries, Cl A		7,480		741
Sonoco Products		50,200		2,533
Trinseo		25,375		1,703

				15,324

Real Estate — 1.4%
Equity LifeStyle Properties ^‡		18,540		1,577
Gaming and Leisure Properties ^‡		1,800		66
Mid-America Apartment Communities ^‡		28,000		2,993
National Health Investors ^‡		26,300		2,033
Piedmont Office Realty Trust, Cl A ^‡		222,000		4,476
Select Income ^‡		65,000		1,522
Senior Housing Properties Trust ^‡		132,100		2,583

				15,250

Telecommunication Services — 3.8%
AT&T		503,175		19,710
BCE		67,200		3,141
NTT DoCoMo ADR		130,100		2,965
SK Telecom ADR		129,800		3,192
TELUS		115,600		4,148
Verizon Communications		134,477		6,655

				39,811

Utilities — 11.3%
AES		12,374		136
Alliant Energy		12,600		524
Ameren		60,200		3,482
American Electric Power		122,164		8,581
Centerpoint Energy		60,225		1,759
Consolidated Edison		165,942		13,388
DTE Energy		45,217		4,854
Duke Energy		71,120		5,968
Edison International		125,527		9,687
Entergy		113,176		8,642
Eversource Energy		113,570		6,864
Exelon		161,500		6,084
FirstEnergy		87,500		2,698
Great Plains Energy		5,200		158
PG&E		133,963		9,121
Pinnacle West Capital		51,783		4,379
Portland General Electric		86,479		3,947



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Public Service Enterprise Group		194,029	$	8,974
SCANA		41,600		2,017
Southern		138,614		6,811
Southwest Gas Holdings		13,553		1,052
UGI		34,973		1,639
Vectren		19,930		1,311
WEC Energy Group		119,032		7,473

				119,549

Total Common Stock (Cost $712,318) ($ Thousands)				1,031,520

	Number of Rights

RIGHTS — 0.0%
Safeway CVR - Casa Ley ^‡‡		85,430		87
Safeway CVR - PDC ^‡‡		85,430		4

Total Rights (Cost $—) ($ Thousands)				91

	Shares

CASH EQUIVALENT — 2.1%
SEI Daily Income Trust, Government Fund, Cl F 0.840%**^†		22,607,229		22,607

Total Cash Equivalent (Cost $22,607) ($ Thousands)				22,607

Total Investments in Securities — 99.8% (Cost $734,925) ($ Thousands)			$	1,054,218


SEI Institutional Managed Trust / Annual Report / September 30, 2017		71

SCHEDULE OF INVESTMENTS

September 30, 2017

Tax-Managed Managed Volatility Fund (Concluded)

A list of the open futures contracts held by the Fund at September 30, 2017, is as follows:

Number of

Unrealized

Type of

Contracts

Expiration

Notional Amount

Value

Appreciation

Contract

Long

Date

($ Thousands)

S&P 500 Index E-MINI

Dec-2017

$9,967

$10,190

$223

Percentages are based on Net Assets of $1,055,815 ($ Thousands).

*	Non-income producing security.

**	Rate shown is the 7-day effective yield as of September 30, 2017.

^‡	Real Estate Investment Trust.

^‡‡	Expiration date not available.

^†	Investment in Affiliated Security (see Note 6).

ADR — American Depositary Receipt

Cl — Class

CVR – Contingent Value Rights

S&P — Standard & Poor’s

The following is a list of the level of inputs used as of September 30, 2017, in valuing the Fund’s investments and other financial instruments carried at value ($ Thousands):



Investments in Securities	Level 1		Level 2		Level 3		Total
Common Stock	$	1,031,520	$	–	$	–	$	1,031,520
Rights		–		91		–		91
Cash Equivalent		22,607		–		–		22,607

Total Investments in Securities	$	1,054,127	$	91	$	–	$	1,054,218



Other Financial Instruments	Level 1		Level 2		Level 3		Total
Futures Contracts *
Unrealized Appreciation	$	223	$	—	$	—	$	223

Total Other Financial Instruments	$	223	$	—	$	—	$	223

* Futures contracts are valued at the unrealized appreciation on the instrument.

For the year ended September 30, 2017, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the year ended September 30, 2017, there were no transfers between Level 2 and Level 3 assets and liabilities.

The following is a summary of the Fund’s transactions with affiliates for the year ended September 30, 2017 ($ Thousands):

Change in Unrealized

Value

Purchases at

Proceeds from

Realized Gain

Appreciation

Value

Dividend

Security Description

9/30/2016

Cost

Sales

(Loss)

(Depreciation)

9/30/2017

Income

SEI Daily Income Trust, Government Fund, CI F

$34,072

$176,900

$(188,365)

$ -

$ 22,607

$ 124

For more information on valuation inputs, see Note 2 – Significant Accounting Policies in Notes to Financial Statements.

Amounts designated as “—” are $0 or have been rounded to $0.

The accompanying notes are an integral part of the financial statements.


72		SEI Institutional Managed Trust / Annual Report / September 30, 2017

SCHEDULE OF INVESTMENTS

September 30, 2017

Tax-Managed International Managed Volatility Fund



Description	Shares		Market Value ($ Thousands)

COMMON STOCK — 93.9%

Australia — 6.1%
Abacus Property Group		199,734	$	592
AGL Energy		213,908		3,923
ASX		44,853		1,845
Brickworks		30,888		327
BT Investment Management		14,924		129
Caltex Australia		28,786		725
Crown Resorts		68,117		605
CSL		14,624		1,537
Flight Centre		25,121		887
Harvey Norman Holdings		326,671		995
LendLease Group		65,829		926
Macquarie Group		20,179		1,440
Mirvac Group ‡		449,279		807
Newcrest Mining		21,912		361
South32		667,586		1,713
Stockland‡		221,434		747
Telstra, Cl B		698,709		1,913
Vicinity Centres ‡		127,523		266
Wesfarmers		50,650		1,643

				21,381

Austria — 1.6%
BUWOG		12,869		386
CA Immobilien Anlagen		10,990		316
Lenzing		854		124
Oesterreichische Post		6,135		283
OMV		24,744		1,442
Raiffeisen Bank International		27,435		920
S IMMO		9,548		169
Telekom Austria, Cl A		108,184		981
UNIQA Insurance Group		35,314		370
voestalpine		8,965		457

				5,448

Belgium — 1.3%
bpost		46,135		1,372
Colruyt		12,128		621
Proximus SADP		40,525		1,397
Sipef		1,175		87
TER Beke		295		63
UCB, Cl A		2,746		195
Umicore		10,372		858

				4,593

Canada — 2.0%
Canadian Tire, Cl A		10,364		1,287
Metro, Cl A		18,818		646
TELUS		65,261		2,342
Toronto-Dominion Bank		48,192		2,707

				6,982

Denmark — 2.3%
Carlsberg, Cl B		9,379		1,027



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Coloplast, Cl B		15,809	$	1,283
Danske Bank		64,629		2,585
H Lundbeck, Cl H		4,086		236
ISS		25,280		1,017
Jyske Bank		17,004		981
Matas		26,481		387
Novo Nordisk, Cl B		4,588		219
TDC		36,696		215
United International Enterprises		564		118
William Demant Holding *		5,208		138

				8,206

Finland — 1.0%
Elisa		11,355		489
Fortum		42,974		858
Olvi, Cl A		3,625		124
Orion, Cl B		31,515		1,463
Tietoenator		21,996		671

				3,605

France — 5.6%
Aeroports de Paris, Cl A		2,933		474
Atos		12,547		1,947
Bastide le Confort Medical		2,603		116
BNP Paribas		11,362		917
Carrefour		5,050		102
Cie Generale des Etablissements Michelin		11,010		1,608
Credit Agricole		46,601		847
Credit Agricole Toulouse 31		493		65
Dassault Aviation		479		775
Euler Hermes Group		12,429		1,469
Eutelsat Communications		11,490		340
Groupe Guillin		6,308		326
Le Noble Age		2,819		188
Metropole Television		40,778		943
PSB Industries		4,172		253
Rubis SCA		2,506		160
Sanofi		53,623		5,326
SCOR		16,385		687
Societe Generale		13,250		776
Thales, Cl A		3,402		385
TOTAL		32,778		1,761
Vilmorin & Cie		1,681		151

				19,616

Germany — 6.1%
adidas		3,191		722
Aurubis		2,951		239
Beiersdorf		6,787		730
CECONOMY		15,933		188
Covestro (A)		15,125		1,301
Deutsche Post		18,204		811
Evonik Industries		19,397		693
Fraport Frankfurt Airport Services Worldwide		7,517		714


SEI Institutional Managed Trust / Annual Report / September 30, 2017			73

SCHEDULE OF INVESTMENTS

September 30, 2017

Tax-Managed International Managed Volatility Fund (Continued)



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Hannover Rueck		12,686	$	1,529
Henkel & KGaA		5,726		697
Krones		6,952		966
KWS Saat		758		332
MAN		11,081		1,251
McKesson Europe		36,880		1,144
Merck KGaA		8,339		928
METRO *		13,647		288
MTU Aero Engines		4,865		776
Muenchener Rueckversicherungs-Gesellschaft in Muenchen		12,362		2,644
Salzgitter		26,692		1,211
SAP		7,001		767
Siemens		14,297		2,015
Siltronic *		2,150		267
Sirius Real Estate		87,389		73
Suedzucker		30,771		661
Vonovia		8,697		370
Wuestenrot & Wuerttembergische		5,037		137

				21,454

Hong Kong — 5.6%
ASM Pacific Technology		93,200		1,342
China Motor Bus		18,400		241
CK Infrastructure Holdings		106,000		912
CLP Holdings, Cl B		319,000		3,269
Dah Sing Banking Group		178,000		391
First Pacific		196,000		156
Guoco Group		11,000		165
Hang Lung Group		100,000		359
Hang Seng Bank		19,400		473
HK Electric Investments & HK Electric
Investments (A)		693,000		632
HKT Trust & HKT		182,000		221
Hong Kong & China Gas		301,900		567
Hong Kong Aircraft Engineering		15,600		103
Hongkong & Shanghai Hotels		222,500		372
Hutchison Port Holdings, Cl U		1,119,200		481
Hysan Development		20,000		94
I-CABLE Communications *		70,230		2
Kerry Properties		480,000		1,988
Langham Hospitality Investments and
Langham Hospitality Investments		233,500		99
Li & Fung		576,000		289
MTR		208,000		1,214
New World Development		94,000		135
NWS Holdings		137,000		267
Paliburg Holdings		328,000		140
PCCW		834,000		452
Power Assets Holdings		95,500		827
Regal Hotels International Holdings		168,000		124
Regal Real Estate Investment Trust ‡		372,000		111
Shangri-La Asia		90,000		167



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Tian An China Investment		170,000	$	131
Transport International Holdings, Cl B		31,200		99
WH Group (A)		2,963,500		3,149
Wheelock		100,000		704

				19,676

Ireland — 0.4%
AerCap Holdings *		10,468		535
Irish Residential Properties ^‡		337,126		588
Total Produce		51,466		139

				1,262

Israel — 1.6%
Bank Hapoalim		381,085		2,669
Bank Leumi Le-Israel		57,265		305
Check Point Software Technologies *		969		111
Israel Discount Bank, Cl A *		185,998		470
Isras Investment		1,037		123
Mizrahi Tefahot Bank		71,105		1,275
Orbotech *		6,944		293
Paz Oil		1,276		210
Shufersal		26,493		156

				5,612

Italy — 0.8%
Ansaldo STS		8,234		108
Enel		214,945		1,295
Hera		368,325		1,158
Snam Rete Gas		18,986		92

				2,653

Japan — 20.3%
Alfresa Holdings		30,000		549
Alpen		6,500		127
AOKI Holdings		56,800		745
Aoyama Trading		19,400		694
Aozora Bank		37,400		1,422
Arcs		32,400		730
Asahi Group Holdings		15,700		635
Asahi Kasei		187,000		2,301
Astellas Pharma		171,100		2,176
Benesse, Cl A		11,800		426
Canon		55,500		1,896
Choushimaru		2,100		84
Chubu Electric Power		6,200		77
Chuo Gyorui		3,900		96
COMSYS Holdings		43,800		1,046
Daiichi Sankyo		47,000		1,060
Daiki Aluminium Industry		26,000		194
Daiohs		3,400		40
Doutor Nichires Holdings		46,000		987
Ebara Foods Industry		4,700		87
EDION		33,800		317
Electric Power Development		5,600		141


74		SEI Institutional Managed Trust / Annual Report / September 30, 2017



Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
FJ Next		16,100	$	141
FUJIFILM Holdings		11,700		454
Fujitsu		49,000		364
Gakkyusha		8,400		114
Gourmet Kineya		10,000		100
Hakudo		6,800		128
Heiwa		35,100		696
Hiroshima Gas		31,400		99
Hokkaido Gas		49,000		124
Honda Motor		26,900		796
Hoya		2,000		108
Inaba Denki Sangyo		20,600		855
Japan Tobacco		36,800		1,206
Joshin Denki		6,000		204
JX Holdings		188,200		968
Kadoya Sesame Mills		2,200		112
Kanemi		3,300		99
Kato Sangyo		8,700		262
KDDI		77,400		2,040
Keihanshin Building		19,000		128
Keiyo		73,900		504
Key Coffee		13,900		267
Kimura Unity		9,500		99
Kinden		83,700		1,347
Kobe Electric Railway *		2,800		99
K’s Holdings		31,700		702
Kuraray		71,800		1,342
Kurimoto		11,800		245
Kyokuyo		11,300		335
Kyoto Kimono Yuzen		43,200		351
Kyowa Exeo		63,300		1,257
Matsumotokiyoshi Holdings		17,200		1,151
McDonald’s Holdings Japan		42,500		1,880
Mebuki Financial Group		135,900		525
Mitsubishi		9,100		211
Mitsubishi Gas Chemical		28,300		663
Mitsubishi Shokuhin		25,400		741
Mitsubishi Steel Manufacturing		8,600		219
Mitsubishi Tanabe Pharma		163,100		3,738
Mitsui		75,200		1,111
Mochida Pharmaceutical		2,000		147
Nichias		29,000		358
Nippo		50,000		1,069
Nippon Express		13,800		899
Nippon Flour Mills		10,500		160
Nippon Koshuha Steel		21,100		212
Nippon Telegraph & Telephone		81,800		3,748
Nissan Motor		200,300		1,983
Nisshin Oillio Group		18,800		616
Nissui Pharmaceutical		5,700		71
Nitto Fuji Flour Milling		2,800		99
NTT DOCOMO		85,800		1,959



Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Okinawa Electric Power		48,230	$	1,060
Okuwa		3,000		31
Ootoya Holdings		11,000		199
Osaka Gas		95,200		1,769
Otsuka		7,300		468
OUG Holdings		4,500		112
Paris Miki Holdings		61,400		262
Proto		6,100		110
Sanyo Electric Railway		4,000		100
Senshu Ikeda Holdings		24,500		94
Shibusawa Warehouse		7,200		128
Shidax		64,900		255
Shikibo		9,600		147
Shimachu		33,100		869
Shin-Keisei Electric Railway		8,200		155
Showa Sangyo		7,200		186
Starts Proceed Investment, Cl A		147		201
Sumitomo Bakelite		153,000		1,127
Sumitomo Dainippon Pharma		9,000		117
Sumitomo Osaka Cement		234,000		1,035
Suzuken		42,600		1,514
Taisho Pharmaceutical Holdings		3,200		243
TAKEBISHI		1,900		25
Takeda Pharmaceutical		19,600		1,082
Teijin		31,300		617
Tobu Store		3,500		97
Tokyo Gas		10,000		245
Tokyo Rakutenchi		2,000		103
Toshiba Plant Systems & Services		61,000		1,025
Tsumura		20,000		720
West Japan Railway		23,300		1,619
Yaizu Suisankagaku Industry		9,400		100
Yamada Denki		210,700		1,151
Yasuda Logistics		32,100		258
Yellow Hat		5,600		159
Yodogawa Steel Works		15,000		410
Yomeishu Seizo		6,000		121
Yoshinoya Holdings		5,800		95
Yuasa Funashoku		7,960		233
				71,178

Jersey – 0.1%
Randgold Resources		3,419		336

Luxembourg – 0.7%
APERAM		22,395		1,174
RTL Group		2,776		210
SES, Cl A		40,075		877
				2,261

Netherlands – 2.0%
ABN AMRO Group (A)		38,164		1,143
ASR Nederland		12,485		500
Coca-Cola European Partners		6,706		281


SEI Institutional Managed Trust / Annual Report / September 30, 2017		75

SCHEDULE OF INVESTMENTS

September 30, 2017

Tax-Managed International Managed Volatility Fund (Continued)



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Corbion		19,244	$	620
Heineken		9,386		928
Koninklijke KPN		123,075		423
NN Group		61,181		2,561
Refresco Group (A)		17,450		352

				6,808

New Zealand — 1.6%
Arvida Group		102,048		90
Chorus		114,758		325
Contact Energy		64,679		257
Fisher & Paykel Healthcare		133,565		1,234
Fletcher Building		182,132		1,052
Freightways		32,367		182
Mercury NZ		234,122		574
Meridian Energy		129,936		267
Sky City Entertainment Group		85,264		231
Spark New Zealand		458,610		1,210
Summerset Group Holdings		29,342		108
Tourism Holdings		55,789		200

				5,730

Norway — 1.3%
DNB, Cl A		35,014		706
Leroey Seafood Group		106,760		683
Marine Harvest		19,620		388
Norsk Hydro		168,658		1,227
Orkla		72,358		743
Telenor		13,720		290
Yara International		14,624		655

				4,692

Portugal — 0.3%
Redes Energeticas Nacionais		324,744		1,057
Singapore — 4.5%
CapitaLand Commercial Trust ^‡		757,400		923
CapitaMall Trust ^‡		182,000		268
DBS Group Holdings		223,200		3,422
Genting Singapore		904,900		780
Global Logistic Properties		183,400		446
Mapletree Industrial Trust ^‡		713,100		985
Mapletree Logistics Trust ^‡		994,700		908
OUE		80,600		116
SATS		306,500		1,040
Sheng Siong Group		302,800		205
SIA Engineering		83,100		214
Singapore Airlines		211,100		1,561
Singapore Technologies Engineering		66,300		168
Singapore Telecommunications		433,400		1,174
SPH^‡		87,400		64
United Industrial		50,700		117
United Overseas Bank		44,200		765
UOL Group		58,700		351



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Venture		121,000	$	1,572
Viva Industrial Trust ^‡		34,200		24
Wilmar International		288,700		676

				15,779

Spain — 2.1%
Cia de Distribucion Integral Logista Holdings		16,684		401
Ebro Foods		30,899		732
Enagas		16,622		468
Endesa		96,739		2,182
Grifols		45,003		1,312
Iberdrola		244,197		1,897
Red Electrica		23,548		495

				7,487

Sweden — 2.3%
Axfood		54,195		928
Cloetta, Cl B		31,487		108
Essity, Cl B *		33,979		922
Getinge, Cl B		7,003		131
Hemfosa Fastigheter		70,206		890
ICA Gruppen		26,021		976
KNOW IT		10,862		174
L E Lundbergforetagen, Cl B		6,643		530
Millicom International Cellular		10,763		709
Saab, Cl B		2,435		123
Scandic Hotels Group (A)		8,757		120
Svenska Cellulosa SCA, Cl B		33,979		287
Swedbank, Cl A		33,262		918
Swedish Match		36,571		1,280

				8,096

Switzerland — 11.8%
ABB		4,513		112
Actelion ADR		1,762		123
Adecco Group		4,056		316
Allreal Holding, Cl A		688		121
ALSO Holding		1,128		159
Baloise Holding		8,737		1,383
Barry Callebaut		244		374
BKW		9,860		593
Coca-Cola HBC		37,057		1,255
Forbo Holding		171		273
Idorsia *		3,040		54
Intershop Holding		542		269
Julius Baer Group		6,409		380
Kuehne & Nagel International		16,601		3,076
Nestle		31,510		2,641
Novartis		40,191		3,443
Orior		1,325		103
Pargesa Holding		2,175		181
Roche Holding		26,028		6,650
Romande Energie Holding		112		147
Schindler Holding		7,369		1,629


76		SEI Institutional Managed Trust / Annual Report / September 30, 2017



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
SGS, Cl B		72	$	173
Sika		97		722
Sonova Holding		13,289		2,257
St. Galler Kantonalbank		265		122
Swiss Life Holding		10,672		3,762
Swiss Prime Site		25,135		2,261
Swiss Re		37,429		3,393
Swisscom		4,862		2,493
UBS Group		19,894		340
Zurich Insurance Group		7,712		2,355

				41,160

United Kingdom — 11.8%
AstraZeneca		6,001		399
BAE Systems		404,324		3,426
BCA Marketplace		150,153		442
BP		267,986		1,716
British American Tobacco		19,466		1,220
Britvic		109,600		1,111
BTG *		32,897		298
Carnival		42,963		2,734
Central Asia Metals		70,965		221
Centrica		347,886		873
Close Brothers Group		38,543		763
Craneware		7,808		139
Diageo		34,438		1,133
esure Group		116,030		440
F&C UK Real Estate Investment ^‡		30,456		43
Finsbury Food Group		70,953		104
GlaxoSmithKline		222,293		4,439
HSBC Holdings		186,206		1,842
Imperial Brands		44,720		1,910
J D Wetherspoon		25,595		431
J Sainsbury		509,855		1,627
Kingfisher		315,908		1,265
Lancashire Holdings		40,531		363
Lloyds Banking Group		757,913		689
National Grid		37,242		462
Persimmon		2,947		102
QinetiQ Group		338,951		1,123
Reckitt Benckiser Group		3,008		275
Rio Tinto		32,457		1,694
Royal Bank of Scotland Group *		240,843		867
Royal Mail		208,472		1,075
Secure Income ^‡		25,660		129
Severn Trent		6,709		196
Smith & Nephew		59,429		1,075
SSE		169,314		3,173
Tate & Lyle		90,599		788
UBM		11,775		108
Vodafone Group		364,126		1,020
Wm Morrison Supermarkets		428,529		1,346



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
WPP		3,573	$	66

				41,127

United States — 0.7%
BP ADR		7,445		286
Coca-Cola European Partners		16,731		696
International Game Technology		22,882		562
QIAGEN		26,626		839

				2,383

Total Common Stock (Cost $283,975) ($ Thousands)				328,582

PREFERRED STOCK — 0.3%
Germany — 0.3%
Bayerische Motoren Werke		1,354		121
Draegerwerk & KGaA		3,080		341
Henkel & KGaA		3,380		460

Total Preferred Stock (Cost $787) ($ Thousands)				922

	Number of Rights

RIGHTS — 0.0%
Singapore — 0.0%
CapitaLand Commercial Trust, Expires 10/24/2017 *		125,728		27
MapleTree Logistics, Expires 10/09/2017 *		99,470		7

Total Rights (Cost $—) ($ Thousands)				34

	Shares

CASH EQUIVALENT — 4.3%
SEI Daily Income Trust, Government Fund, Cl F 0.840%**^†		15,270,354		15,270

Total Cash Equivalent (Cost $15,270) ($ Thousands)				15,270

Total Investments — 98.5% (Cost $300,032) ($ Thousands)			$	344,808


SEI Institutional Managed Trust / Annual Report / September 30, 2017		77

SCHEDULE OF INVESTMENTS

September 30, 2017

Tax-Managed International Managed Volatility Fund (Concluded)

A list of the open futures contracts held by the Fund at September 30, 2017, is as follows:


Type of Contract	Number of Contracts Long		Expiration Date		Notional Amount ($ Thousands)		Value ($ Thousands)		Unrealized Appreciation (Depreciation) ($ Thousands)
DJ Euro Stoxx 50 Index		104		Dec-2017		$4,348		$4,397		$101
FTSE 100 Index		24		Dec-2017		2,339		2,360		(5)
Hang Seng Index		2		Oct-2017		350		352		2
SPI 200 Index		10		Dec-2017		1,130		1,112		(6)
TOPIX Index		19		Dec-2017		2,772		2,827		118

						$10,939		$11,048		$210

Percentages are based on Net Assets of $350,002 ($ Thousands).

*	Non-income producing security.

**	Rate shown is the 7-day effective yield as of September 30, 2017.

^‡	Real Estate Investment Trust.

^†	Investment in Affiliated Security (see Note 6).

(A)

Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration normally to qualified institutions. On September 30, 2017, the value of these securities amounted to $6,697 ($ Thousands), representing 1.9% of the Net Assets of the Fund.

ADR — American Depositary Receipt

Cl — Class

DJ — Dow Jones

FTSE— Financial Times and Stock Exchange

SPI — Share Price Index

TOPIX — Tokyo Price Index

The following is a list of the level of inputs used as of September 30, 2017, in valuing the Fund’s investments and other financial instruments carried at value ($ Thousands):


Investments in Securities	Level 1		Level 2		Level 3		Total
Common Stock	$	327,837	$	745	$	–	$	328,582
Preferred Stock		922		–		–		922
Rights		–		34		–		34
Cash Equivalent		15,270		–		–		15,270

Total Investments in Securities	$	344,029	$	779	$	–	$	344,808


Other Financial Instruments	Level 1		Level 2		Level 3		Total
Futures Contracts *
Unrealized Appreciation	$	221	$	–	$	–	$	221
Unrealized Depreciation		(11)		–				(11)

Total Other Financial Instruments	$	210	$	–	$	–	$	210

* Futures contracts are valued at the unrealized appreciation (depreciation) on the instrument.

For the year ended September 30, 2017, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the year ended September 30, 2017, there were no transfers between Level 2 and Level 3 assets and liabilities.

The following is a summary of the Fund’s transactions with affiliates for the year ended September 30, 2017 ($ Thousands):


Security Description	Value 9/30/2016		Purchases at Cost		Proceeds from Sales	Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)		Value 9/30/2017		Dividend Income
SEI Daily Income Trust, Government Fund, CI F		$-		$299,290	$(284,020)		$-		$-		$15,270		$50

For more information on valuation inputs, see Note 2 – Significant Accounting Policies in Notes to Financial Statements.

Amounts designated as “—” are $0 or have been rounded to $0.

The accompanying notes are an integral part of the financial statements.


78		SEI Institutional Managed Trust / Annual Report / September 30, 2017

SCHEDULE OF INVESTMENTS

September 30, 2017

Dynamic Asset Allocation Fund



Description	Shares		Market Value ($ Thousands)

COMMON STOCK — 96.4%

Consumer Discretionary — 11.4%
Advance Auto Parts		2,494	$	247
Amazon.com, Cl A *		13,736		13,205
Autozone *		925		551
Best Buy		8,978		511
BorgWarner		6,601		338
CarMax *		6,256		474
Carnival		14,180		916
CBS, Cl B		12,588		730
Charter Communications, Cl A *		7,000		2,544
Chipotle Mexican Grill, Cl A *		923		284
Coach		9,734		392
Comcast, Cl A		161,980		6,233
Darden Restaurants		4,234		334
Delphi Automotive		9,041		890
Discovery Communications, Cl A *		5,229		111
Discovery Communications, Cl C *		7,693		156
DISH Network, Cl A *		7,700		418
Dollar General		9,173		743
Dollar Tree *		8,185		711
DR Horton		11,386		455
Expedia		4,215		607
Foot Locker, Cl A		4,500		159
Ford Motor		134,776		1,613
Gap		7,698		227
Garmin		4,004		216
General Motors		45,477		1,836
Genuine Parts		5,004		479
Goodyear Tire & Rubber		8,516		283
H&R Block		7,410		196
Hanesbrands		12,167		300
Harley-Davidson, Cl A		5,855		282
Hasbro		3,798		371
Hilton Worldwide Holdings		7,000		486
Home Depot		40,582		6,638
Interpublic Group		13,297		276
Kohl’s		5,727		261
L Brands		8,008		333
Leggett & Platt		4,465		213
Lennar, Cl A		7,074		374
LKQ *		10,300		371
Lowe’s		29,245		2,338
Macy’s		9,930		217
Marriott International, Cl A		10,551		1,163
Mattel		11,299		175
McDonald’s		27,907		4,372
MGM Mirage		18,300		596
Michael Kors Holdings *		5,628		269
Mohawk Industries *		2,158		534
NetFlix*		14,720		2,670
Newell Brands, Cl B		16,413		700
News, Cl A		12,630		168



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
News, Cl B		5,000	$	68
Nike, Cl B		45,238		2,346
Nordstrom		3,566		168
Omnicom Group		7,969		590
O’Reilly Automotive *		3,112		670
Priceline Group *		1,709		3,129
PulteGroup		9,743		266
PVH		2,720		343
Ralph Lauren, Cl A		1,860		164
Ross Stores		13,649		881
Royal Caribbean Cruises		5,810		689
Scripps Networks Interactive, Cl A		3,394		292
Signet Jewelers		2,113		141
Starbucks		49,957		2,683
Target, Cl A		18,884		1,114
Tiffany		3,798		349
Time Warner		26,723		2,738
TJX		22,038		1,625
Tractor Supply		4,446		281
TripAdvisor*		3,697		150
Twenty-First Century Fox, Cl A		36,662		967
Twenty-First Century Fox, Cl B		16,200		418
Ulta Beauty *		2,000		452
Under Armour, Cl A *		6,546		108
Under Armour, Cl C *		6,681		100
VF		11,040		702
Viacom, Cl B		11,830		329
Walt Disney		53,181		5,242
Whirlpool		2,509		463
Wyndham Worldwide		3,519		371
Wynn Resorts		2,817		420
Yum! Brands		12,097		890

				88,115

Consumer Staples — 7.9%
Altria Group		66,169		4,196
Archer-Daniels-Midland		19,741		839
Brown-Forman, Cl B		7,028		382
Campbell Soup		6,772		317
Church & Dwight		8,700		422
Clorox		4,422		583
Coca-Cola		132,182		5,949
Colgate-Palmolive		30,148		2,196
Conagra Brands		13,792		465
Constellation Brands, Cl A		5,870		1,171
Costco Wholesale		14,976		2,460
Coty, Cl A		16,549		274
CVS Health		35,099		2,854
Dr Pepper Snapple Group		6,389		565
Estee Lauder, Cl A		7,844		846
General Mills		19,841		1,027
Hershey		4,686		512


SEI Institutional Managed Trust / Annual Report / September 30, 2017			79

SCHEDULE OF INVESTMENTS

September 30, 2017

Dynamic Asset Allocation Fund (Continued)



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Hormel Foods		9,516	$	306
JM Smucker		3,904		410
Kellogg		8,694		542
Kimberly-Clark		12,177		1,433
Kraft Heinz		20,400		1,582
Kroger		30,748		617
McCormick		4,014		412
Molson Coors Brewing, Cl B		6,324		516
Mondelez International, Cl A		51,753		2,104
Monster Beverage *		13,965		772
PepsiCo		49,140		5,476
Philip Morris International		53,637		5,954
Procter & Gamble		87,609		7,971
Sysco, Cl A		16,643		898
Tyson Foods, Cl A		9,675		682
Walgreens Boots Alliance		31,807		2,456
Wal-Mart Stores		50,676		3,960

				61,149

Energy — 5.9%
Anadarko Petroleum, Cl A		18,993		928
Andeavor		5,103		526
Apache		12,801		586
Baker Hughes a GE		14,915		546
Cabot Oil & Gas		15,798		423
Chesapeake Energy *		27,402		118
Chevron		65,126		7,652
Cimarex Energy		3,149		358
Concho Resources *		5,100		672
ConocoPhillips		42,286		2,116
Devon Energy		18,326		673
EOG Resources		19,727		1,908
EQT		6,005		392
ExxonMobil		145,700		11,944
Halliburton		29,942		1,378
Helmerich & Payne		3,743		195
Hess		9,274		435
Kinder Morgan		66,014		1,266
Marathon Oil		28,192		382
Marathon Petroleum		17,737		995
National Oilwell Varco, Cl A		13,230		473
Newfield Exploration *		6,373		189
Noble Energy		17,237		489
Occidental Petroleum		26,300		1,689
Oneok		13,154		729
Phillips 66		14,899		1,365
Pioneer Natural Resources		5,892		869
Range Resources		8,487		166
Schlumberger, Cl A		47,637		3,323
TechnipFMC *		15,713		439
Valero Energy		15,197		1,169



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Williams		27,946	$	839

				45,232

Financials — 14.0%
Affiliated Managers Group		1,929		366
Aflac		13,809		1,124
Allstate		12,612		1,159
American Express		25,613		2,317
American International Group		31,305		1,922
Ameriprise Financial		5,317		790
Aon		8,909		1,302
Arthur J. Gallagher		6,000		369
Assurant		1,782		170
Bank of America		337,645		8,556
Bank of New York Mellon		35,543		1,885
BB&T		27,956		1,312
Berkshire Hathaway, Cl B *		66,130		12,123
BlackRock		4,315		1,929
Brighthouse Financial *		3,292		200
Capital One Financial		16,515		1,398
CBOE Holdings		4,000		431
Charles Schwab		41,535		1,817
Chubb		16,066		2,290
Cincinnati Financial		5,193		398
Citigroup		93,845		6,826
Citizens Financial Group		17,600		667
CME Group		11,648		1,580
Comerica		5,973		456
Discover Financial Services		12,846		828
ETrade Financial		9,370		409
Everest Re Group		1,400		320
Fifth Third Bancorp		25,451		712
Franklin Resources		11,536		513
Goldman Sachs Group		12,421		2,946
Hartford Financial Services Group		12,361		685
Huntington Bancshares		37,447		523
Intercontinental Exchange		20,280		1,393
Invesco		13,712		480
JPMorgan Chase		121,017		11,558
KeyCorp		37,152		699
Leucadia National		10,640		269
Lincoln National		7,609		559
Loews		9,489		454
M&T Bank		5,308		855
Marsh & McLennan		17,617		1,476
MetLife		36,912		1,918
Moody’s		5,604		780
Morgan Stanley		48,617		2,342
Nasdaq, Cl A		3,987		309
Navient		10,409		156
Northern Trust		7,471		687
People’s United Financial		11,889		216


80		SEI Institutional Managed Trust / Annual Report / September 30, 2017



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
PNC Financial Services Group		16,497	$	2,223
Principal Financial Group, Cl A		9,033		581
Progressive		19,821		960
Prudential Financial		14,677		1,560
Raymond James Financial		4,300		363
Regions Financial		40,460		616
S&P Global		8,878		1,388
SunTrust Banks		16,639		995
Synchrony Financial		26,701		829
T. Rowe Price Group		8,140		738
Torchmark, Cl A		3,635		291
Travelers		9,652		1,183
Unum Group		7,663		392
US Bancorp		54,402		2,915
Wells Fargo		154,033		8,495
Willis Towers Watson		4,447		686
XL Group		8,914		352
Zions Bancorporation		6,937		327

				107,368

Health Care — 13.8%
Abbott Laboratories		59,824		3,192
AbbVie		55,025		4,890
Aetna, Cl A		11,316		1,799
Agilent Technologies		11,085		712
Alexion Pharmaceuticals *		7,608		1,067
Align Technology *		2,600		484
Allergan		11,480		2,353
AmerisourceBergen, Cl A		5,554		460
Amgen, Cl A		25,163		4,692
Anthem		9,138		1,735
Baxter International		17,492		1,098
Becton Dickinson		7,852		1,539
Biogen *		7,350		2,301
Boston Scientific *		47,492		1,385
Bristol-Myers Squibb		56,538		3,604
C.R. Bard		2,497		800
Cardinal Health		11,003		736
Celgene, Cl A *		26,794		3,907
Centene *		5,800		561
Cerner *		11,012		785
Cigna		8,710		1,628
Cooper, Cl A		1,700		403
DaVita *		5,357		318
DENTSPLY SIRONA		7,671		459
Edwards Lifesciences, Cl A *		7,372		806
Eli Lilly		33,513		2,867
Envision Healthcare *		3,836		172
Express Scripts Holding *		20,132		1,275
Gilead Sciences		44,813		3,631
HCA Healthcare *		9,743		775
Henry Schein *		5,444		446



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Hologic *		9,500	$	349
Humana		4,990		1,216
Idexx Laboratories *		3,100		482
Illumina *		5,000		996
Incyte *		5,800		677
Intuitive Surgical *		1,346		1,408
Johnson & Johnson		92,544		12,032
Laboratory Corp of America Holdings *		3,617		546
McKesson		7,237		1,112
Medtronic		46,941		3,651
Merck		94,066		6,023
Mettler Toledo International *		900		564
Mylan *		18,926		594
Patterson		2,462		95
PerkinElmer		3,569		246
Perrigo		4,776		404
Pfizer		205,157		7,324
Quest Diagnostics		4,578		429
Quintiles IMS Holdings *		5,400		513
Regeneron Pharmaceuticals *		2,615		1,169
ResMed		4,800		369
Stryker		11,176		1,587
Thermo Fisher Scientific		13,811		2,613
UnitedHealth Group		33,411		6,544
Universal Health Services, Cl B		3,042		337
Varian Medical Systems *		3,265		327
Vertex Pharmaceuticals *		8,558		1,301
Waters *		2,720		488
Zimmer Biomet Holdings		6,953		814
Zoetis, Cl A		16,873		1,076

				106,166

Industrials — 10.1%
3M		20,526		4,308
Acuity Brands		1,500		257
Alaska Air Group		4,200		320
Allegion		3,194		276
American Airlines Group		15,225		723
Ametek		7,864		519
AO Smith		4,900		291
Arconic		14,092		351
Boeing		19,209		4,883
C.H. Robinson Worldwide		4,987		380
Caterpillar, Cl A		20,145		2,512
Cintas		3,052		440
CSX		31,588		1,714
Cummins		5,263		884
Danaher, Cl A		20,891		1,792
Deere		11,113		1,396
Delta Air Lines, Cl A		23,222		1,120
Dover		5,246		479
Eaton		15,439		1,186


SEI Institutional Managed Trust / Annual Report / September 30, 2017		81

SCHEDULE OF INVESTMENTS

September 30, 2017

Dynamic Asset Allocation Fund (Continued)



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Emerson Electric		22,126	$	1,390
Equifax		4,076		432
Expeditors International of Washington		6,108		366
Fastenal, Cl A		9,922		452
FedEx		8,469		1,910
Flowserve		4,554		194
Fluor		4,592		193
Fortive		10,395		736
Fortune Brands Home & Security		5,300		356
General Dynamics		9,665		1,987
General Electric		298,093		7,208
Honeywell International		26,152		3,707
IHS Markit *		12,900		569
Illinois Tool Works		10,631		1,573
Ingersoll-Rand		8,903		794
Jacobs Engineering Group		3,921		229
JB Hunt Transport Services		2,845		316
Johnson Controls International		32,238		1,299
Kansas City Southern		3,563		387
L3 Technologies		2,619		494
Lockheed Martin		8,693		2,697
Masco		10,723		418
Nielsen Holdings		11,180		463
Norfolk Southern		10,102		1,336
Northrop Grumman		5,961		1,715
PACCAR		12,119		877
Parker-Hannifin, Cl A		4,552		797
Pentair		5,677		386
Quanta Services *		5,282		197
Raytheon		9,999		1,866
Republic Services		7,762		513
Robert Half International		4,159		209
Rockwell Automation		4,335		773
Rockwell Collins		5,530		723
Roper Technologies		3,514		855
Snap-on		1,955		291
Southwest Airlines, Cl A		19,233		1,077
Stanley Black & Decker		5,211		787
Stericycle, Cl A *		2,826		202
Textron		9,137		492
TransDigm Group *		1,700		435
Union Pacific		27,819		3,226
United Continental Holdings *		9,200		560
United Parcel Service, Cl B		23,611		2,836
United Rentals *		2,799		388
United Technologies		25,732		2,987
Verisk Analytics, Cl A *		5,200		433
Waste Management		14,082		1,102
WW Grainger		1,947		350
Xylem		5,948		373

				77,787



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)

Information Technology — 22.4%
Accenture, Cl A		21,348	$	2,883
Activision Blizzard		26,200		1,690
Adobe Systems *		17,064		2,546
Advanced Micro Devices *		27,000		344
Akamai Technologies *		5,774		281
Alliance Data Systems		1,746		387
Alphabet, Cl A *		10,269		9,999
Alphabet, Cl C *		10,393		9,968
Amphenol, Cl A		10,320		873
Analog Devices		12,792		1,102
Ansys *		3,000		368
Apple		177,930		27,423
Applied Materials		36,971		1,926
Autodesk, Cl A *		7,705		865
Automatic Data Processing		15,342		1,677
Broadcom		14,075		3,414
CA		10,733		358
Cadence Design Systems *		10,100		399
Cisco Systems		171,972		5,783
Citrix Systems *		5,326		409
Cognizant Technology Solutions, Cl A		20,077		1,456
Corning, Cl B		31,871		954
CSRA		6,066		196
DXC Technology		9,576		822
eBay *		34,247		1,317
Electronic Arts *		10,628		1,255
F5 Networks, Cl A *		2,191		264
Facebook, Cl A *		81,471		13,921
Fidelity National Information Services, Cl B		11,253		1,051
Fiserv, Cl A *		7,282		939
Flir Systems		4,892		190
Gartner *		3,000		373
Global Payments		5,147		489
Harris		4,227		557
Hewlett Packard Enterprise		57,910		852
HP		57,210		1,142
Intel		161,897		6,165
International Business Machines		29,868		4,333
Intuit		8,385		1,192
Juniper Networks		13,433		374
KLA-Tencor		5,449		578
Lam Research		5,620		1,040
Mastercard, Cl A		32,182		4,544
Microchip Technology		7,737		695
Micron Technology *		38,771		1,525
Microsoft		265,396		19,769
Motorola Solutions		5,502		467
NetApp		9,028		395
Nvidia		20,748		3,709
Oracle, Cl B		104,333		5,045
Paychex		11,200		672


82		SEI Institutional Managed Trust / Annual Report / September 30, 2017



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
PayPal Holdings *		38,585	$	2,471
Qorvo *		4,305		304
Qualcomm		50,968		2,642
Red Hat *		6,260		694
salesforce.com *		23,672		2,211
Seagate Technology		10,043		333
Skyworks Solutions		6,307		643
Symantec, Cl A		20,508		673
Synopsys *		5,200		419
TE Connectivity		12,103		1,005
Texas Instruments		34,011		3,049
Total System Services		5,567		365
VeriSign *		3,078		327
Visa, Cl A		63,032		6,634
Western Digital		9,838		850
Western Union		15,577		299
Xerox		7,289		243
Xilinx		8,387		594

				172,732

Materials — 2.9%
Air Products & Chemicals		7,561		1,143
Albemarle		3,800		518
Avery Dennison		3,076		303
Ball		12,112		500
CF Industries Holdings		8,137		286
DowDuPont		80,375		5,564
Eastman Chemical		4,998		452
Ecolab		8,954		1,152
FMC		4,449		397
Freeport-McMoRan, Cl B *		45,962		645
International Flavors & Fragrances		2,715		388
International Paper		14,273		811
LyondellBasell Industries, Cl A		11,343		1,124
Martin Marietta Materials, Cl A		2,165		447
Monsanto		15,028		1,801
Mosaic		11,810		255
Newmont Mining		18,004		675
Nucor		11,048		619
Packaging Corp of America		3,200		367
PPG Industries		8,870		964
Praxair		9,833		1,374
Sealed Air		6,958		297
Sherwin-Williams, Cl A		2,813		1,007
Vulcan Materials		4,430		530
WestRock		8,692		493

				22,112

Real Estate — 2.9%
Alexandria Real Estate Equities ^‡		3,100		369
American Tower, Cl A ^‡		14,916		2,039
Apartment Investment & Management, Cl A ^‡		5,343		234



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
AvalonBay Communities ^‡		4,722	$	842
Boston Properties ^‡		5,308		652
CBRE Group, Cl A *		10,525		399
Crown Castle International ^‡		13,828		1,382
Digital Realty Trust, Cl A ^‡		7,200		852
Duke Realty ^‡		11,900		343
Equinix ^‡		2,659		1,187
Equity Residential ^‡		12,633		833
Essex Property Trust ^‡		2,260		574
Extra Space Storage ^‡		4,300		344
Federal Realty Investment Trust ^‡		2,400		298
GGP ^‡		22,297		463
HCP ^‡		15,730		438
Host Hotels & Resorts ^‡		24,912		461
Iron Mountain ^‡		9,476		369
Kimco Realty ^‡		14,296		279
Macerich ^‡		4,165		229
Mid-America Apartment Communities ^‡		3,900		417
ProLogis ^‡		17,971		1,140
Public Storage ^‡		5,100		1,091
Realty Income ^‡		9,518		544
Regency Centers ^‡		4,900		304
SBA Communications, Cl A *^‡		4,100		591
Simon Property Group ^‡		10,658		1,716
SL Green Realty ^‡		3,415		346
UDR ^‡		8,900		338
Ventas ^‡		12,110		789
Vornado Realty Trust ^‡		5,731		441
Welltower ^‡		12,707		893
Weyerhaeuser ^‡		26,060		887

				22,084

Telecommunication Services — 2.1%
AT&T		211,803		8,296
CenturyLink		19,342		366
Level 3 Communications *		9,881		527
Verizon Communications		140,198		6,938

				16,127

Utilities — 3.0%
AES		22,612		249
Alliant Energy		7,800		324
Ameren		8,144		471
American Electric Power		16,929		1,189
American Water Works		6,100		494
Centerpoint Energy		14,417		421
CMS Energy		9,413		436
Consolidated Edison		10,478		845
Dominion Energy		22,304		1,716
DTE Energy		6,041		649
Duke Energy		23,898		2,005
Edison International		11,390		879


SEI Institutional Managed Trust / Annual Report / September 30, 2017		83

SCHEDULE OF INVESTMENTS

September 30, 2017

Dynamic Asset Allocation Fund (Continued)



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Entergy		6,077	$	464
Eversource Energy		10,844		655
Exelon		33,490		1,262
FirstEnergy		14,921		460
NextEra Energy		15,998		2,344
NiSource		11,013		282
NRG Energy		10,564		270
PG&E		17,593		1,198
Pinnacle West Capital		3,794		321
PPL		23,139		878
Public Service Enterprise Group		17,357		803
SCANA		4,880		237
Sempra Energy		8,568		978
Southern		33,982		1,670
WEC Energy Group		10,937		687



Description	Shares			Market Value ($ Thousands)

COMMON STOCK (continued)
Xcel Energy		17,146		$	811

					22,998

Total Common Stock
(Cost $609,860) ($ Thousands)					741,870

Total Investments in Securities— 96.4%
(Cost $609,860) ($ Thousands)				$	741,870


		Contracts
*PURCHASED OPTION — 0.1%**

Total Purchased Option (A)
(Cost $1,525) ($ Thousands)		607		$	883

*WRITTEN OPTION — (0.1)%**

Total Written Option (A)
(Premiums Received $781) ($ Thousands)		(607	)	$	(425	)

A list of the exchange traded option contracts held by the Fund at September 30, 2017, is as follows:


Description	Number of Contracts		Notional Amount ($ Thousands)		Exercise Price		Expiration Date		Value ($ Thousands)

PURCHASED OPTION — 0.1%

Put Options
December 2017, S&P 500 Index Option Put*		607		1,525		$2,370		12/18/17	$	883

WRITTEN OPTION — (0.1)%

Put Options
December 2017, S&P 500 Index Option Put*		(607)		(781)		2,250		12/18/17	$	(425)

A list of the open futures contracts held by the Fund at September 30, 2017, is as follows:


Type of Contract	Number of Contracts Long(Short)		Expiration Date		Notional Amount ($ Thousands)		Value ($ Thousands)		Unrealized Appreciation (Depreciation) ($ Thousands)
CAC40 10 Euro Index		494		Oct-2017		$30,425		$31,107		$1,097
Dax Index		82		Dec-2017		30,543		31,016		887
IBEX 35 Index		242		Oct-2017		29,704		29,556		81
IBEX Index		9		Oct-2017		1,098		1,099		1
S&P 500 Index E-MINI		(1,138)		Dec-2017		(140,300)		(143,166)		(2,866)
TOPIX Index		518		Dec-2017		75,163		77,080		3,851

						$26,633		$26,692		$3,051


84		SEI Institutional Managed Trust / Annual Report / September 30, 2017

A list of the open forward foreign currency contracts held by the Fund at September 30, 2017, is as follows:


Counterparty	Settlement Date			Currency to Deliver (Thousands)		Currency to Receive (Thousands)	Unrealized Appreciation (Depreciation) (Thousands)
Bank of America		01/09/18	USD	108,224	INR	7,163,322	$	68
Bank of America		10/11/17 - 01/09/18	USD	115,594	INR	7,541,322		(405)
Bank of America		10/11/17	INR	7,163,322	USD	109,264		(211)
Bank of America		01/09/18	SAR	143,858	USD	38,051		(303)
Bank of Montreal		10/11/17	SGD	570	USD	420		1
Bank of Montreal		10/11/17	USD	5,562	JPY	621,866		(34)
Bank of Montreal		01/09/18	JPY	614,025	USD	5,516		31
Barclays PLC		10/11/17	SGD	201	USD	146		(2)
BNP Paribas		10/11/17	USD	601	JPY	66,154		(13)
Citigroup		10/11/17	SGD	141	USD	104		—
Credit Suisse First Boston		01/09/18	EUR	2,798	USD	3,326		(1)
Goldman Sachs		10/11/17	USD	2,507	EUR	2,125		7
Goldman Sachs		10/11/17 - 01/09/18	EUR	7,613	USD	8,777		(242)
Goldman Sachs		10/11/17 - 01/09/18	JPY	832,633	USD	7,455		35
HSBC		01/09/18	SGD	743	USD	548		—
JPMorgan Chase Bank		10/11/17	USD	1,490	EUR	1,252		(9)
JPMorgan Chase Bank		10/11/17	JPY	266,622	USD	2,386		16
Morgan Stanley		10/11/17	USD	18,588	TWD	562,651		(30)
Morgan Stanley		10/11/17 - 01/09/18	TWD	583,761	USD	19,390		57
Morgan Stanley		10/11/17 - 01/09/18	TWD	561,841	USD	18,468		(65)
Standard Chartered		10/11/17	USD	1,796	EUR	1,565		55
Standard Chartered		10/11/17	USD	73,765	KRW	83,932,360		(450)
Standard Chartered		10/11/17 - 01/09/18	KRW	167,864,720	USD	147,436		673
Standard Chartered		01/09/18	KRW	4,230,000	USD	3,698		(3)
TD Securities		10/11/17	USD	644	EUR	546		1
UBS		10/11/17	USD	18,697	SGD	25,323		(45)
UBS		01/09/18	SGD	25,323	USD	18,712		35
UBS		10/11/17	SGD	24,411	USD	17,663		(318)

							$	(1,152)


SEI Institutional Managed Trust / Annual Report / September 30, 2017		85

SCHEDULE OF INVESTMENTS

September 30, 2017

Dynamic Asset Allocation Fund (Concluded)

A list of the open OTC swap agreements held by the Fund at September 30, 2017, is as follows:

Total Return Swaps

Counterparty

Reference
Entity/
Obligation

Fund Pays

Fund Receives

Payment
Frequency

Termination
Date

Currency

Notional
Amount
(Thousands)

Value
($ Thousands)

Upfront
Payments/
Receipts
($ Thousands)

Net Unrealized
Appreciation
(Depreciation)
($ Thousands)

Morgan Stanley

Russell 1000
Growth Index

Index Return

3M USD-LIBOR
plus 25BPS

Monthly

09/18/2018

USD

$74,260

$(310)

$–

$(274)

Morgan Stanley

Russell 1000
Value Index

3M USD-LIBOR
plus 30BPS

Index Return

Monthly

09/18/2018

USD

(74,260)

733

–

696

$–

$422

Percentages are based on Net Assets of $769,622 ($ Thousands).

*	Non-income producing security.

‡	Real Estate Investment Trust.

(A)	Refer to table below for details on Options Contracts.

BPS — Basis Point

Cl — Class

DAX — Deutscher Aktien Exchange

EUR — Euro

IBEX — Spanish Exchange

INR — Indian Rupee

JPY — Japanese Yen

KRW — Korean Won

LIBOR— London Interbank Offered Rate

S&P— Standard & Poor’s

SAR — Saudi Riyal

SGD — Singapore Dollar

TOPIX — Tokyo Stock Exchange

TWD — Taiwan Dollar

USD — United States Dollar

The following is a list of the level of inputs used as of September 30, 2017, in valuing the Fund’s investments and other financial instruments carried at value ($ Thousands):



Investments in Securities	Level 1		Level 2		Level 3		Total

Common Stock	$	741,870	$	–	$	–	$	741,870


Total Investments in Securities	$	741,870	$	–	$	–	$	741,870


Other Financial Instruments	Level 1		Level 2		Level 3		Total

Purchased Option	$	883	$	—	$	—	$883

Written Option		(425)		—		—	(425)

Futures Contracts *

Unrealized Appreciation		5,917		—		—	5,917

Unrealized Depreciation		(2,866)		—		—	(2,866)

Forwards Contracts *

Unrealized Appreciation		—		979		—	979

Unrealized Depreciation		—		(2,131)		—	(2,131)

OTC Swaps

Total Return Swaps *

Unrealized Appreciation		—		696		—	696

Unrealized Depreciation		—		(274)		—	(274)


Total Other Financial Instruments	$	3,509	$	(730)	$	—	$2,779

* Futures contracts, forward contracts and swap contracts are valued at the unrealized appreciation (depreciation) on the instruments.

For the year ended September 30, 2017, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the year ended September 30, 2017, there were no transfers between Level 2 and Level 3 assets and liabilities.

For more information on valuation inputs, see Note 2 – Significant Accounting Policies in Notes to Financial Statements.

Amounts designated as “—” are $0 or have been rounded to $0.

The accompanying notes are an integral part of the financial statements.


86		SEI Institutional Managed Trust / Annual Report / September 30, 2017

Report of Independent Registered Public Accounting Firm

The Board of Trustees and Shareholders

SEI Institutional Managed Trust:

We have audited the accompanying statements of assets and liabilities, including the summary schedules of investments, of the Large Cap Fund, Large Cap Value Fund, Large Cap Growth Fund, Tax-Managed Large Cap Fund, S&P 500 Index Fund, Small Cap Fund, Small Cap Value Fund, Small Cap Growth Fund, Tax-Managed Small/Mid Cap Fund, Mid-Cap Fund, U.S. Managed Volatility Fund, Global Managed Volatility Fund, Tax-Managed Managed Volatility Fund, Tax-Managed International Managed Volatility Fund, Real Estate Fund, Enhanced Income Fund, Core Fixed Income Fund, U.S. Fixed Income Fund, High Yield Bond Fund, Conservative Income Fund, Tax-Free Conservative Income Fund, Real Return Fund, Dynamic Asset Allocation Fund, Multi-Strategy Alternative Fund, Multi-Asset Income Fund, Multi-Asset Capital Stability Fund, and the Long/Short Alternative Fund (twenty-seven of the twenty-nine funds comprising the SEI Institutional Managed Trust (the Trust)), as of September 30, 2017, and the related statements of operations for the year or period then ended, the statements of changes in net assets for each of the years or periods in the two-year period then ended, and the financial highlights for each of the years or periods in the five-year period then ended. We have also audited the accompanying consolidated statements of assets and liabilities, including the consolidated schedules of investments, of the Multi-Asset Accumulation Fund and the Multi-Asset Inflation Managed Fund (two of the twenty-nine funds comprising the Trust), as of September 30, 2017, and the related consolidated statements of operations for the year then ended, the consolidated statements of changes in net assets for each of the years in the two-year period then ended, the consolidated statement of cash flows for the year then ended for the Multi-Asset Inflation Managed Fund, and the consolidated financial highlights for each of the years or periods in the five-year period then ended. The financial statements and consolidated financial statements and financial highlights and consolidated financial highlights, are included in Item 1 of this Form N-CSR and the schedules of investments in securities of the Large Cap Fund, Large Cap Value Fund, Large Cap Growth Fund, Tax-Managed Large Cap Fund, S&P 500 Index Fund, Small Cap Fund, Small Cap Value Fund, Small Cap Growth Fund, Tax-Managed Small/Mid Cap Fund, Mid-Cap Fund, U.S. Managed Volatility Fund, Global Managed Volatility Fund, Tax-Managed Managed Volatility Fund, Tax-Managed International Managed Volatility Fund and the Dynamic Asset Allocation Fund as of September 30, 2017 are included in Item 6 of this Form N-CSR. These financial statements and consolidated financial statements and financial highlights and consolidated financial highlights and the schedules of investments in securities and consolidated schedules of investments in securities are the responsibility of the Trust’s management. Our responsibility is to express an opinion on these financial statements, consolidated financial statements, financial highlights, consolidated financial highlights and schedules of investments in securities and consolidated schedules of investments in securities based on our audits.

securities owned as of September 30, 2017, by correspondence with custodians, transfer agent and brokers or other appropriate auditing procedures. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements and consolidated financial statements and financial highlights and consolidated financial highlights and schedules of investments in securities and consolidated schedules of investments in securities referred to above present fairly, in all material respects, the financial position of each of the funds comprising the SEI Institutional Managed Trust as of September 30, 2017, the results of their operations, the changes in their net assets, their cash flows, and the financial highlights for each of the years or periods described in the first paragraph, in conformity with U.S. generally accepted accounting principles.

/s/ KPMG LLP

Philadelphia, PA

November 29, 2017

Item 7. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.

Not applicable.

Item 8. Portfolio Managers of Closed-End Management Investment Companies

Not applicable.

Item 9. Purchases of Equity Securities by Closed-End Management Company and Affiliated Purchasers.

Not applicable.

Item 10. Submission of Matters to a Vote of Security Holders.

There have been no material changes to the procedures by which shareholders may recommend nominees to the Registrant’s Board of Trustees (the “Board”). The Registrant has a standing Governance Committee (the “Committee”) currently consisting of the Independent Trustees. The Committee is responsible for evaluating and recommending nominees for election to the Board. Pursuant to the Committee’s Charter, adopted on June 18, 2004, as amended, the Committee will review all shareholder recommendations for nominations to fill vacancies on the Board if such recommendations are submitted in writing and addressed to the Committee at the Registrant’s office.

Item 11. Controls and Procedures.

(a) The Registrant’s principal executive and principal financial officers, or persons performing similar functions, have concluded that the Registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940 (the “1940 Act”)) are effective, based on the evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act and Rules 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934 as of a date within 90 days of the filing date of this report.

(b) There were no changes in the Registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act) that occurred during the last fiscal quarter of the period covered by this report that have materially affected, or are reasonably likely to materially affect, the Registrants internal control over financial reporting.

Items 12. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.

Not applicable.

Items 13. Exhibits.

(a)(1) Code of Ethics attached hereto.

(a)(2) A separate certification for the principal executive officer and the principal financial officer of the Registrant as required by Rule 30a-2(a) under the Investment Company Act of 1940, are filed herewith.

(b) Officer certifications as required by Rule 30a-2(b) under the Investment Company Act of 1940, as amended also accompany this filing as exhibits.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.


		SEI Institutional Managed Trust

By		/s/ Robert A. Nesher
		Robert A. Nesher
		President & CEO
Date: December 8, 2017

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.

By		/s/ Robert A. Nesher
		Robert A. Nesher
		President & CEO
Date: December 8, 2017

By		/s/ James J. Hoffmayer
		James J. Hoffmayer
		Controller & CFO
Date: December 8, 2017