SEI Institutional Managed Trust

/s/ Robert A. Nesher

Robert A. Nesher, President & CEO

0001193125-20-164870.txt : 20200610 0001193125-20-164870.hdr.sgml : 20200610 20200609191829 ACCESSION NUMBER: 0001193125-20-164870 CONFORMED SUBMISSION TYPE: N-CSRS PUBLIC DOCUMENT COUNT: 33 CONFORMED PERIOD OF REPORT: 20200331 FILED AS OF DATE: 20200610 DATE AS OF CHANGE: 20200609 EFFECTIVENESS DATE: 20200610 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SEI INSTITUTIONAL MANAGED TRUST CENTRAL INDEX KEY: 0000804239 IRS NUMBER: 000000000 STATE OF INCORPORATION: MA FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: N-CSRS SEC ACT: 1940 Act SEC FILE NUMBER: 811-04878 FILM NUMBER: 20953191 BUSINESS ADDRESS: STREET 1: 2 OLIVER ST CITY: BOSTON STATE: MA ZIP: 02109 BUSINESS PHONE: 8003455734 MAIL ADDRESS: STREET 1: SEI INVESTMENTS STREET 2: 1 FREEDOM VALLEY DRIVE CITY: OAKS STATE: PA ZIP: 19456 FORMER COMPANY: FORMER CONFORMED NAME: TRUSTFUNDS INSTITUTIONAL MANAGED TRUST DATE OF NAME CHANGE: 19890509

0000804239 S000006667 SIMT CORE FIXED INCOME FUND

C000018186 CLASS I SCXIX

C000018187 CLASS F TRLVX

C000147384 Class Y SCFYX

0000804239 S000006669 SIMT REAL ESTATE FUND

C000018189 CLASS F SETAX

C000036883 Class I SEIRX

C000147385 Class Y SREYX

0000804239 S000006670 SIMT SMALL CAP GROWTH FUND

C000018190 CLASS I SPWIX

C000018191 CLASS F SSCGX

C000147386 Class Y SMAYX

0000804239 S000006671 SIMT LARGE CAP GROWTH FUND

C000018192 CLASS I SPGIX

C000018193 CLASS F SELCX

C000147387 Class Y SLRYX

0000804239 S000006672 SIMT SMALL CAP VALUE FUND

C000018194 CLASS I SMVIX

C000018195 CLASS F SESVX

C000147388 Class Y SPVYX

0000804239 S000006673 SIMT HIGH YIELD BOND FUND

C000018196 CLASS F SHYAX

C000036884 Class I SEIYX

C000147389 Class Y SIYYX

0000804239 S000006674 SIMT LARGE CAP VALUE FUND

C000018197 CLASS I SEUIX

C000018198 CLASS F TRMVX

C000147390 Class Y SVAYX

0000804239 S000006675 SIMT MID CAP FUND

C000018199 CLASS F SEMCX

C000030067 CLASS I SIPIX

C000147391 Class Y SFDYX

0000804239 S000006676 SIMT TAX-MANAGED LARGE CAP FUND

C000018201 CLASS F TMLCX

C000147392 Class Y STLYX

0000804239 S000006677 SIMT TAX-MANAGED SMALL/MID CAP FUND

C000018202 CLASS F STMSX

C000147393 Class Y STMPX

0000804239 S000006678 SIMT US MANAGED VOLATILITY FUND

C000018203 CLASS F SVOAX

C000036885 Class I SEVIX

C000147394 Class Y SUSYX

0000804239 S000010830 SIMT GLOBAL MANAGED VOLATILITY FUND

C000030063 CLASS F SVTAX

C000036887 Class I SGMIX

C000147396 Class Y SGLYX

0000804239 S000013604 SIMT Real Return Fund

C000036881 Class F SRAAX

C000147397 Class Y SRYRX

0000804239 S000017259 SIMT Tax-Managed Managed Volatility Fund

C000047774 Class F TMMAX

C000147398 Class Y STVYX

0000804239 S000018490 SIMT S&P 500 Index Fund

C000051280 Class F SSPIX

C000051282 Class I SPIIX

0000804239 S000026000 SIMT Large Cap Fund

C000078064 Class F SLGAX

C000147400 Class Y SLYCX

0000804239 S000026001 SIMT Small Cap Fund

C000078067 Class F SLLAX

C000147401 Class Y SMYFX

0000804239 S000028026 SIMT Multi-Strategy Alternative Fund

C000085250 Class F SMSAX

C000147402 Class Y SMUYX

0000804239 S000035779 SIMT MULTI-ASSET ACCUMULATION FUND

C000109624 Class F SAAAX

C000147403 Class Y SMOYX

0000804239 S000035780 SIMT MULTI-ASSET INCOME FUND

C000109625 Class F SIOAX

C000147404 Class Y SLIYX

0000804239 S000035781 SIMT MULTI-ASSET INFLATION MANAGED FUND

C000109626 Class F SIFAX

C000147405 Class Y SLFYX

0000804239 S000035782 SIMT MULTI-ASSET CAPITAL STABILITY FUND

C000109627 Class F SCLAX

C000147406 Class Y SMLYX

0000804239 S000050286 SIMT Dynamic Asset Allocation Fund

C000158774 Class F SDYAX

C000158775 Class Y SDYYX

0000804239 S000053394 SIMT Conservative Income Fund

C000167937 Class F COIAX

C000167938 Class Y COIYX

0000804239 S000053395 SIMT Tax-Free Conservative Income Fund

C000167939 Class F TFCAX

C000167940 Class Y TFCYX

0000804239 S000054731 SIMT Tax-Managed International Managed Volatility Fund

C000171910 Class F SMINX

C000171911 Class Y SIMYX

0000804239 S000061211 SIMT Large Cap Index Fund

C000198269 Class F SLGFX

N-CSRS 1 d895210dncsrs.htm SEI INSTITUTIONAL MANAGED TRUST SEI Institutional Managed Trust

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-CSRS

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)

Timothy D. Barto, Esq.

SEI Investments Co.

One Freedom Valley Drive

Oaks, PA 19456

(Name and address of agent for service)

Registrant’s telephone number, including area code: 1-610-676-1000

Date of fiscal year end: September 30, 2020

Date of reporting period: March 31, 2020

Item 1.

Reports to Stockholders.

LOGO

SEI Institutional Managed Trust

Large Cap Fund

Large Cap Value Fund

Large Cap Growth Fund

Large Cap Index 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

Core 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

Beginning on January 1, 2021, as permitted by regulations adopted by the Securities and Exchange Commission, paper copies of the Funds’ shareholder reports like this one will no longer be sent by mail, unless you specifically request paper copies of the reports from the Funds or from your financial intermediary, such as a broker-dealer or bank. Instead, the reports will be made available on a website, and you will be notified by mail each time a report is posted and provided with a website link to access the report.

If you already elected to receive shareholder reports electronically, you will not be affected by this change and you need not take any action. You may elect to receive shareholder reports and other communications from the Funds electronically by contacting your financial intermediary.

You may elect to receive all future reports in paper free of charge. If you invest through a financial intermediary, you can follow the instructions included with this disclosure, if applicable, or you can contact your financial intermediary to inform it that you wish to continue receiving paper copies of your shareholder reports. If you invest directly with the Funds, you can inform the Funds that you wish to continue receiving paper copies of your shareholder reports by calling 1-800-DIAL-SEI. Your election to receive reports in paper will apply to all funds held with the SEI Funds or your financial intermediary.

LOGO

TABLE OF CONTENTS



Summary Schedules of Investments/Schedules of Investments/Consolidated Schedules of Investments			1

Statements of Assets and Liabilities/Consolidated Statements of Assets and Liabilities			248

Statements of Operations/Consolidated Statements of Operations			260

Statements of Changes in Net Assets/Consolidated Statements of Changes in Net Assets			266

Consolidated Statement of Cash Flows			274

Financial Highlights/Consolidated Financial Highlights			275

Notes to Financial Statements/Consolidated Notes to Financial Statements			289

Disclosure of Fund Expenses			337

Board of Trustees Considerations in Approving the Advisory and Sub-Advisory Agreement			340

The Trust files its complete schedule of portfolio holdings with the Securities and Exchange Commission for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT. The Trust’s Form N-PORT reports are available on the Commission’s website at http://www.sec.gov.

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.

SUMMARY SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

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 — 98.9%

Communication Services — 7.2%
Alphabet Inc, Cl A *		1.0	%		14,578	$	16,939
Alphabet Inc, Cl C *		0.1			1,975		2,297
AT&T Inc		0.7			414,642		12,087
Comcast Corp, Cl A		0.6			322,884		11,101
Facebook Inc, Cl A *		1.4			143,655		23,962
Verizon Communications Inc		1.5			492,684		26,472
Other Securities (A)		1.9					34,031
							126,889

Consumer Discretionary — 9.7%
Alibaba Group Holding ADR *		0.8			74,543		14,497
Amazon.com Inc, Cl A *		2.0			18,278		35,637
Dollar General Corp		0.9			100,826		15,226
Lowe’s Cos Inc		0.6			130,981		11,271
Ross Stores Inc		0.9			184,185		16,019
Other Securities (A)		4.5					77,648
							170,298

Consumer Staples — 8.5%
JM Smucker Co/The		0.8			124,415		13,810
Kroger Co/The		1.2			698,274		21,032
Philip Morris International Inc		0.9			206,587		15,073
Unilever NV		1.1			392,941		19,172
Other Securities		4.5					80,463
							149,550

Energy — 2.8%
Other Securities (A)		2.8					49,351

Financials — 15.1%
Bank of America Corp		1.4			1,126,115		23,907
Berkshire Hathaway Inc, Cl B *		1.2			119,081		21,772
Citigroup Inc		0.9			382,822		16,124
JPMorgan Chase & Co		1.1			204,632		18,423
Markel Corp *		0.7			14,103		13,086
S&P Global Inc		0.6			46,292		11,344



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

COMMON STOCK (continued)
State Street Corp		0.7	%		215,467	$	11,478
Other Securities ^‡(A)		8.5					148,347
							264,481

Health Care — 17.5%
Abbott Laboratories		1.1			247,700		19,546
Amgen Inc, Cl A		1.3			111,483		22,601
Becton Dickinson and Co		0.6			49,124		11,287
Bristol-Myers Squibb Co		0.7			230,483		12,847
CVS Health Corp		1.1			318,885		18,919
Humana Inc *		0.8			42,283		13,278
Johnson & Johnson		1.8			234,762		30,784
Merck & Co Inc		1.2			276,553		21,278
Pfizer Inc		0.6			332,936		10,867
Teleflex Inc		0.6			37,086		10,861
UnitedHealth Group Inc		1.5			104,411		26,038
Vertex Pharmaceuticals Inc *		0.7			48,269		11,486
Zimmer Biomet Holdings Inc		0.8			138,797		14,030
Other Securities (A)		4.7					82,716
							306,538

Industrials — 8.7%
Honeywell International Inc		1.2			158,289		21,177
Roper Technologies Inc		0.6			36,218		11,293
Other Securities		6.9					120,198
							152,668

Information Technology — 20.7%
Adobe Inc *		1.3			73,084		23,258
Apple Inc		2.3			158,737		40,365
Fidelity National Information Services Inc, Cl B		0.7			94,245		11,464
Intel Corp		0.8			244,669		13,241
Intuit Inc		1.1			81,061		18,644
Microchip Technology Inc (A)		0.7			187,827		12,735
Microsoft Corp		2.7			296,505		46,762
Motorola Solutions Inc		0.8			107,644		14,308
PayPal Holdings Inc *		0.7			123,798		11,852
salesforce.com *		0.8			102,331		14,734
Visa Inc, Cl A		1.4			150,429		24,237
Xilinx Inc		0.7			154,939		12,076
Other Securities		6.7					120,233
							363,909

Materials — 3.5%
Other Securities		3.5					62,177

Real Estate — 2.8%
Crown Castle International Corp^‡		1.0			122,688		17,716
Other Securities ^‡		1.8					30,716
							48,432

Utilities — 2.4%
NextEra Energy Inc		0.9			63,285		15,228


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		1

SUMMARY SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

Large Cap Fund (Concluded)



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

COMMON STOCK (continued)
Other Securities		1.5	%			$	27,469
							42,697

Total Common Stock (Cost $1,615,756) ($ Thousands)							1,736,990

AFFILIATED PARTNERSHIP — 1.0%
SEI Liquidity Fund, L.P. 0.760% **^†(B)		1.0			17,756,885		17,767

Total Affiliated Partnership (Cost $17,755) ($ Thousands)							17,767

CASH EQUIVALENT — 1.0%
SEI Daily Income Trust, Government Fund, Cl F 0.290% **^†		1.0			17,537,450		17,537

Total Cash Equivalent (Cost $17,537) ($ Thousands)							17,537

Total Investments in Securities — 100.9% (Cost $1,651,048)($ Thousands)						$	1,772,294

A list of the open futures contracts held at March 31, 2020 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		90		Jun-2020	$	10,574	$	11,564	$	990

S&P Mid Cap 400 Index E-MINI		7		Jun-2020		909		1,006		97

					$	11,483	$	12,570	$	1,087

Percentages are based on a Net Assets of $1,756,390 ($ Thousands).

*	Non-income producing security.

**	The rate reported is the 7-day effective yield as of March 31, 2020.

^‡	Real Estate Investment Trust.

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

(A)	Certain securities or partial positions of certain securities are on loan at March 31, 2020 (see Note 10). The total market value of securities on loan at March 31, 2020, was $17,177 ($ 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 March 31, 2020 was $17,767 ($ Thousands).

ADR — American Depositary Receipt

Cl — Class

L.P. — Limited Partnership

S&P— Standard & Poor’s

SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

“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 March 31, 2020, 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

1,736,990

–

1,736,990

Affiliated Partnership

–

17,767

–

17,767

Cash Equivalent

17,537

–

17,537

Total Investments in Securities

1,754,527

17,767

–

1,772,294

Other Financial Instruments

Level 1

($)

Level 2
($)

Level 3
($)

Total

($)

Futures Contracts*

Unrealized Appreciation

1,087

–

1,087

Total Other Financial Instruments

1,087

–

1,087

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

For the period ended March 31, 2020, there were no transfers in or out of Level 3.

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 period ended March 31, 2020 ($ Thousands):



Security Description	Value 9/30/2019	Purchases at Cost	Proceeds from Sales	Realized Gain/ (Loss)	Change in Unrealized Appreciation/ (Depreciation)	Value 3/31/2020	Shares	Income	Capital Gains
SEI Liquidity Fund, L.P.	$29,711	$160,893	$ (172,839)	$ —	$ 2	$17,767	17,756,885	$124	$ —
SEI Daily Income Trust, Government Fund, Cl F	22,022	235,134	(239,619)	—	—	17,537	17,537,450	134	—

Totals	$51,733	$396,027	$ (412,458)	$ —	$2	$35,304		$258	$ —

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

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


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		3

SUMMARY SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

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 — 98.6%

Communication Services — 7.6%
AT&T Inc		3.0	%		1,013,144	$	29,533
BCE Inc		1.0			228,830		9,350
Comcast Corp, Cl A		0.9			245,858		8,453
Facebook Inc, Cl A *		0.7			41,326		6,893
Verizon Communications Inc		1.6			285,127		15,320
Other Securities		0.4					4,559
							74,108

Consumer Discretionary — 7.1%
General Motors Co		0.6			301,214		6,259
Genuine Parts Co		0.8			109,979		7,405
Target Corp, Cl A		1.6			166,650		15,493
Other Securities (A)		4.1					39,698
							68,855

Consumer Staples — 10.9%
Diageo PLC ADR (A)		0.8			61,169		7,776
Ingredion Inc		0.6			75,055		5,667
Kimberly-Clark Corp		1.1			86,655		11,080
Kroger Co/The		0.7			230,894		6,954
Philip Morris International Inc		1.4			188,276		13,737
Procter & Gamble Co/The		0.8			69,726		7,670
Tyson Foods Inc, Cl A		0.8			131,557		7,613
Unilever NV		0.8			151,216		7,378
Walgreens Boots Alliance Inc		1.0			207,219		9,480
Walmart Inc		0.8			70,778		8,042
Other Securities		2.1					20,339
							105,736

Energy — 5.5%
Chevron Corp		1.3			168,158		12,185
ConocoPhillips		1.1			332,878		10,253
Exxon Mobil Corp		0.7			190,016		7,215
Other Securities (A)		2.4					24,166
							53,819
Financials — 19.7%
Bank of America Corp		1.7			799,978		16,984
Berkshire Hathaway Inc, Cl B *		1.3			70,242		12,842



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

COMMON STOCK (continued)
Chubb Ltd		0.9	%		79,793	$	8,912
Citigroup Inc		1.7			387,648		16,328
JPMorgan Chase & Co		2.8			297,988		26,828
Truist Financial Corp		1.1			333,151		10,274
Wells Fargo & Co		1.2			405,599		11,641
Other Securities ^‡(A)		9.0					88,270
							192,079

Health Care — 15.5%
Biogen Inc *		0.6			19,408		6,140
Bristol-Myers Squibb Co		0.9			165,024		9,198
Eli Lilly & Co		0.9			66,168		9,179
Gilead Sciences Inc		0.7			90,180		6,742
Johnson & Johnson		2.3			173,856		22,798
Medtronic PLC		0.6			66,669		6,012
Merck & Co Inc		1.9			241,670		18,594
Novartis AG ADR		1.2			135,705		11,189
Pfizer Inc		2.7			817,479		26,682
Other Securities		3.7					34,641
							151,175

Industrials — 10.0%
3M Co		0.7			49,158		6,711
Cummins Inc		0.7			46,934		6,351
Johnson Controls International plc		1.0			364,345		9,823
Raytheon Co		1.0			76,078		9,978
Siemens AG ADR (B)		0.7			169,559		7,121
Other Securities (A)		5.9					57,644
							97,628

Information Technology — 8.5%
Cisco Systems Inc		1.4			347,108		13,645
Intel Corp		3.1			558,563		30,230
Microsoft Corp		0.6			37,517		5,917
Other Securities		3.4					33,117
							82,909

Materials — 4.3%
Other Securities		4.3					41,657

Real Estate — 2.9%
Healthpeak Properties Inc ^‡		0.8			318,265		7,591
Welltower Inc ^‡		0.9			189,507		8,676
Other Securities ^‡		1.2					12,165
							28,432

Utilities — 6.6%
Consolidated Edison Inc		0.6			77,999		6,084
Exelon Corp		1.1			278,624		10,256
NextEra Energy Inc		2.3			91,505		22,018
Other Securities		2.6					25,327
							63,685
Total Common Stock (Cost $1,030,376) ($ Thousands)							960,083

SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020



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

AFFILIATED PARTNERSHIP — 1.6%
SEI Liquidity Fund, L.P. 0.760% **^†(C)		1.6	%		15,914,496	$	15,913

Total Affiliated Partnership (Cost $15,914) ($ Thousands)							15,913



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

CASH EQUIVALENT — 1.3%
SEI Daily Income Trust, Government Fund, Cl F 0.290% **^†		1.3	%		12,362,646	$	12,363

Total Cash Equivalent (Cost $12,363) ($ Thousands)							12,363

Total Investments in Securities — 101.5% (Cost $1,058,653)($ Thousands)						$	988,359

A list of the open futures contracts held at March 31, 2020 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		28		Jun-2020	$	3,417	$	3,597	$	180

S&P Mid Cap 400 Index E-MINI		24		Jun-2020		3,225		3,451		226

					$	6,642	$	7,048	$	406

Percentages are based on a Net Assets of $973,571 ($ Thousands).

*	Non-income producing security.

**	The rate reported is the 7-day effective yield as of March 31, 2020.

^‡	Real Estate Investment Trust.

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

(A)	Certain securities or partial positions of certain securities are on loan at March 31, 2020 (see Note 10). The total market value of securities on loan at March 31, 2020, was $15,443 ($ Thousands).

(B)	Securities considered illiquid. The total value of such securities as of March 31, 2020 was $7,121 ($ Thousands) and represented 0.7% of 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 March 31, 2020 was $15,913 ($ Thousands).

ADR — American Depositary Receipt

Cl — Class

L.P. — Limited Partnership

Ltd. — Limited

PLC — Public Limited Company

S&P— Standard & Poor’s

The following is a list of the level of inputs used as of March 31, 2020, in valuing the Fund’s investments carried and other financial instruments at value ($ Thousands):

Investments in Securities

Level 1
($)

Level 2

($)

Level 3
($)

Total

($)

Common Stock

960,083

–

960,083

Affiliated Partnership

–

15,913

–

15,913

Cash Equivalent

12,363

–

12,363

Total Investments in Securities

972,446

15,913

–

988,359

Other Financial Instruments

Level 1
($)

Level 2

($)

Level 3
($)

Total

($)

Futures Contracts*

Unrealized Appreciation

406

–

406

Total Other Financial Instruments

406

–

406

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

For the period ended March 31, 2020, there were no transfers in or out of Level 3.

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


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		5

SUMMARY SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

Large Cap Value Fund (Concluded)

The following is a summary of the Fund’s transactions with affiliates for the period ended March 31, 2020 ($ Thousands):



Security Description	Value 9/30/2019	Purchases at Cost	Proceeds from Sales	Realized Gain/ (Loss)	Change in Unrealized Appreciation/ (Depreciation)	Value 3/31/2020	Shares	Income	Capital Gains
SEI Liquidity Fund, L.P.	$ 899	$101,245	$ (86,229)	$ —	$ (2)	$15,913	15,914,496	$ 56	$ —
SEI Daily Income Trust, Government Fund, Cl F	17,909	98,189	(103,735)	—	—	12,363	12,362,646	108	—

Totals	$18,808	$199,434	$ (189,964)	$ —	$ (2)	$28,276		$164	$ —

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

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

SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

SUMMARY SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

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 — 98.6%

Communication Services — 10.0%
Alphabet Inc, Cl A *		3.6	%		39,594	$	46,006
Alphabet Inc, Cl C *		1.0			11,305		13,146
Facebook Inc, Cl A *		3.3			250,456		41,776
Netflix Inc *		0.6			19,647		7,377
Other Securities (A)		1.5					20,204
							128,509
Consumer Discretionary — 14.0%
Alibaba Group Holding ADR *		1.9			126,888		24,677
Amazon.com Inc, Cl A *		5.5			36,245		70,668
AutoZone Inc *		1.3			20,258		17,138
Lowe’s Cos Inc		0.7			109,904		9,457
Lululemon Athletica Inc *		0.9			61,348		11,629
NIKE Inc, Cl B		0.7			105,563		8,734
TJX Cos Inc/The		1.0			272,768		13,041
Other Securities		2.0					24,584
							179,928
Consumer Staples — 4.0%
Colgate-Palmolive Co		0.8			148,396		9,848
PepsiCo Inc		1.8			189,434		22,751
Procter & Gamble Co/The		0.8			88,911		9,780
Other Securities		0.6					8,159
							50,538
Energy — 0.0%
Other Securities		0.0					509

Financials — 7.5%
CME Group Inc		0.7			49,483		8,556
Intercontinental Exchange Inc		0.6			89,502		7,227
Moody’s Corp		1.5			89,604		18,951
MSCI Inc, Cl A		1.3			56,075		16,203
Progressive Corp/The		0.5			95,692		7,066
S&P Global Inc		1.0			54,066		13,249
Other Securities (A)		1.9					24,777
							96,029



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

COMMON STOCK (continued)

Health Care — 15.4%
Abbott Laboratories		0.7	%		110,080	$	8,686
Becton Dickinson and Co		1.2			64,233		14,759
Boston Scientific Corp *		0.6			240,286		7,841
Danaher Corp, Cl A		1.2			107,411		14,867
Johnson & Johnson		1.1			106,912		14,019
Merck & Co Inc		1.3			222,690		17,134
Mettler-Toledo International Inc *		0.8			13,972		9,648
UnitedHealth Group Inc		3.1			156,722		39,083
Vertex Pharmaceuticals Inc *		1.3			68,292		16,250
Other Securities (A)		4.1					54,884
							197,171
Industrials — 5.9%
Graco Inc		0.8			206,651		10,070
Honeywell International Inc		0.8			72,496		9,699
Lockheed Martin Corp		0.7			24,565		8,326
Union Pacific Corp		1.0			87,344		12,319
United Technologies Corp		0.7			99,402		9,377
Other Securities		1.9					25,228
							75,019
Information Technology — 37.1%
Adobe Inc *		2.4			94,600		30,106
Analog Devices Inc		0.8			111,939		10,035
Apple Inc		6.0			300,362		76,379
Applied Materials Inc		1.0			282,113		12,926
Broadcom Inc		0.6			32,934		7,809
Fidelity National Information Services Inc, Cl B		1.7			173,140		21,061
Intuit Inc		0.7			39,477		9,080
Mastercard Inc, Cl A		2.3			124,153		29,990
Microsoft Corp		9.1			741,877		117,001
NVIDIA Corp		1.0			50,220		13,238
NXP Semiconductors NV		1.0			151,377		12,554
Oracle Corp, Cl B		1.3			346,451		16,744
PayPal Holdings Inc *		1.2			162,441		15,552
salesforce.com *		1.3			115,741		16,664
Visa Inc, Cl A		3.1			249,495		40,199
Other Securities (A)		3.6					46,375
							475,713
Materials — 3.3%
Sherwin-Williams Co/The, Cl A		1.5			40,300		18,519
Other Securities		1.8					23,216
							41,735
Real Estate — 1.4%
Crown Castle International Corp ^‡		0.9			76,656		11,069
Other Securities ^‡		0.5					6,970
							18,039
Total Common Stock (Cost $902,628) ($ Thousands)							1,263,190


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		7

SUMMARY SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

Large Cap Growth Fund (Concluded)



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

AFFILIATED PARTNERSHIP — 1.8%
SEI Liquidity Fund, L.P. 0.760% **^†(B)		1.8	%		23,432,268	$	23,433

Total Affiliated Partnership (Cost $23,431) ($ Thousands)							23,433



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

CASH EQUIVALENT — 1.0%
SEI Daily Income Trust, Government Fund, Cl F 0.290% **^†		1.0	%		12,897,000	$	12,897

Total Cash Equivalent (Cost $12,897) ($ Thousands)							12,897

Total Investments in Securities — 101.4% (Cost $938,956)($ Thousands)						$	1,299,520

A list of the open futures contracts held at March 31, 2020 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		100		Jun-2020		$	12,106		$	12,849		$	743

Percentages are based on Net Assets of $1,281,952 ($ Thousands).

*	Non-income producing security.

**	The rate reported is the 7-day effective yield as of March 31, 2020.

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

^‡	Real Estate Investment Trust.

(A)	Certain securities or partial positions of certain securities are on loan at March 31, 2020 (see Note 10). The total market value of securities on loan at March 31, 2020 was $22,639 ($ 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 March 31, 2020 was $23,433 ($ 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 March 31, 2020, in valuing the Fund’s investments and other financial instrument carried at value ($ Thousands):

Investments in Securities

Level 1

($)

Level 2

($)

Level 3

($)

Total

($)

Common Stock

1,263,190

–

1,263,190

Affiliated Partnership

–

23,433

–

23,433

Cash Equivalent

12,897

–

12,897

Total Investments in Securities

1,276,087

23,433

–

1,299,520

Other Financial Instruments

Level 1

($)

Level 2
($)

Level 3

($)

Total

($)

Futures Contracts*

Unrealized Appreciation

743

–

743

Total Other Financial Instruments

743

–

743

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

For the period ended March 31, 2020, there were no transfers in or out of Level 3.

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

Financial Statements.

SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

The following is a summary of the Fund’s transactions with affiliates for the period ended March 31, 2020 ($ Thousands):



Security Description	Value 9/30/2019	Purchases at Cost	Proceeds from Sales	Realized Gain/ (Loss)	Change in Unrealized Appreciation/ (Depreciation)	Value 3/31/2020	Shares	Income	Capital Gains
SEI Liquidity Fund, L.P.	$5,992	$74,793	$ ($57,352)	$ —	$ —	$23,433	23,432,268	$29	$ —
SEI Daily Income Trust, Government Fund, Cl F	16,366	161,547	(165,016)	—	—	12,897	12,897,000	103	—

Totals	$ 22,358	$ 236,340	$ (222,368)	$ —	$ —	$36,330		$ 132	$ —

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

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


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		9

SUMMARY SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

Large Cap Index 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 — 97.3%

Communication Services — 10.0%
Alphabet Inc, Cl A *		1.4	%		5,955	$	6,919
Alphabet Inc, Cl C *		1.5			5,963		6,934
AT&T Inc		0.9			145,929		4,254
Comcast Corp, Cl A		0.7			90,243		3,103
Facebook Inc, Cl A *		1.7			47,704		7,957
Netflix Inc *		0.7			8,487		3,187
Verizon Communications Inc		0.9			82,729		4,445
Walt Disney Co/The		0.7			34,783		3,360
Other Securities (A)		1.5					8,051
							48,210
Consumer Discretionary — 9.8%
Amazon.com Inc, Cl A *		3.4			8,343		16,266
Home Depot Inc/The		0.9			21,802		4,071
McDonald’s Corp		0.5			15,026		2,485
NIKE Inc, Cl B		0.4			23,343		1,931
Other Securities (A)		4.6					22,391
							47,144
Consumer Staples — 7.1%
Coca-Cola Co/The		0.7			76,764		3,397
Costco Wholesale Corp		0.5			8,778		2,503
PepsiCo Inc		0.7			28,051		3,369
Philip Morris International Inc		0.5			30,987		2,261
Procter & Gamble Co/The		1.1			48,674		5,354
Walmart Inc		0.7			27,775		3,156
Other Securities (A)		2.9					14,139
							34,179
Energy — 2.4%
Chevron Corp		0.6			38,234		2,770
Exxon Mobil Corp		0.7			84,769		3,219
Other Securities (A)		1.1					5,670
							11,659
Financials — 10.8%
Bank of America Corp		0.7			160,092		3,399



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

COMMON STOCK (continued)
Berkshire Hathaway Inc, Cl B *		1.5	%		39,039	$	7,138
JPMorgan Chase & Co		1.2			62,308		5,610
SEI Investments Co ^†		0.0			2,500		116
Wells Fargo & Co		0.5			74,591		2,141
Other Securities ^‡(B)		6.9					33,667
							52,071
Health Care — 14.9%
Abbott Laboratories		0.6			34,366		2,712
AbbVie Inc		0.5			29,517		2,249
Amgen Inc, Cl A		0.5			11,792		2,391
Bristol-Myers Squibb Co		0.5			46,642		2,600
Eli Lilly & Co		0.5			16,962		2,353
Johnson & Johnson		1.5			53,032		6,954
Medtronic PLC		0.5			26,783		2,415
Merck & Co Inc		0.8			51,022		3,926
Pfizer Inc		0.8			111,462		3,638
Thermo Fisher Scientific Inc		0.5			8,016		2,273
UnitedHealth Group Inc		1.0			18,927		4,720
Other Securities		7.2					35,317
							71,548
Industrials — 8.4%
Honeywell International Inc		0.4			14,439		1,932
Union Pacific Corp		0.4			13,879		1,958
Other Securities (A)		7.6					36,636
							40,526
Information Technology — 24.5%
Accenture PLC, Cl A		0.4			12,750		2,082
Adobe Inc *		0.6			9,635		3,066
Apple Inc		4.4			82,351		20,941
Cisco Systems Inc		0.7			85,776		3,372
Intel Corp		1.0			85,591		4,632
International Business Machines Corp		0.4			17,747		1,969
Mastercard Inc, Cl A		0.9			17,673		4,269
Microsoft Corp		5.0			151,181		23,843
NVIDIA Corp		0.7			11,697		3,083
Oracle Corp, Cl B		0.4			40,005		1,933
PayPal Holdings Inc *		0.5			23,380		2,238
salesforce.com Inc *		0.5			16,771		2,415
Visa Inc, Cl A		1.2			34,242		5,517
Other Securities		7.8					38,257
							117,617

Materials — 2.5%
Other Securities (A)		2.5					11,912

Real Estate — 3.5%
Other Securities ^‡		3.5					17,019

Utilities — 3.4%
NextEra Energy Inc		0.5			9,808		2,360


10		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020



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

COMMON STOCK (continued)
Other Securities		2.9	%			$	13,915
							16,275

Total Common Stock (Cost $521,805) ($ Thousands)							468,160

AFFILIATED PARTNERSHIP — 0.1%
SEI Liquidity Fund, L.P. 0.760% **^†(C)		0.1			554,831		555

Total Affiliated Partnership (Cost $555) ($ Thousands)							555

CASH EQUIVALENT — 2.5%
SEI Daily Income Trust, Government Fund, Cl F 0.290% **^†		2.5			11,905,814		11,906

Total Cash Equivalent (Cost $11,906) ($ Thousands)							11,906

Total Investments in Securities — 99.9% (Cost $534,266)($ Thousands)						$	480,621

A list of the open futures contracts held by the Fund at March 31, 2020 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		95		Jun-2020	$	12,092	$	12,206	$	114
S&P Mid Cap 400 Index E-MINI		7		Jun-2020		983		1,006		23
					$	13,075	$	13,212	$	137

Percentages are based on a Net Assets of $481,124 ($ Thousands).

*	Non-income producing security.

**	The rate reported is the 7-day effective yield as of March 31, 2020.

^‡	Real Estate Investment Trust.

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

(A)	Certain securities or partial positions of certain securities are on loan at March 31, 2020 (see Note 10). The total market value of securities on loan at March 31, 2020, was $530 ($ Thousands).

(B)	Security is a Master Limited Partnership. At March 31, 2020, such securities amounted to $45 ($ Thousands), or 0.0% 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 March 31, 2020 was $555 ($ Thousands).

Cl — Class

L.P. — Limited Partnership

PLC — Public Limited Company

S&P— Standard & Poor’s


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		11

SUMMARY SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

Large Cap Index Fund (Concluded)

The following is a list of the level of inputs used as of March 31, 2020, 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

468,160

–

468,160

Affiliated Partnership

–

555

–

555

Cash Equivalent

11,906

–

11,906

Total Investments in Securities

480,066

555

–

480,621

Other Financial Instruments

Level 1

($)

Level 2
($)

Level 3
($)

Total

($)

Futures Contracts*

Unrealized Appreciation

137

–

137

Total Other Financial Instruments

137

–

137

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

For the period ended March 31, 2020, there were no transfers in or out of Level 3.

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


12		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

The following is a summary of the Fund’s transactions with affiliates for the period ended March 31, 2020 ($ Thousands):


Security Description	Value 9/30/2019	Purchases at Cost	Proceeds from Sales	Realized Gain/ (Loss)	Change in Unrealized Appreciation/ (Depreciation)	Value 3/31/2020	Shares	Income	Capital Gains
SEI Investment Co	$ 124	$ 26	$ —	$ —	$ (34)	$ 116	2,500	$ 1	$ —
SEI Liquidity Fund, L.P.	710	4,308	(4,463)	—	—	555	554,831	7	—
SEI Daily Income Trust, Government Fund, Cl F	15,765	93,821	(97,680)	—	—	11,906	11,905,814	152	—

Totals	$ 16,599	$ 98,155	$ (102,143)	$ -	$ (34)	$12,577		$160	$ —

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

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


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		13

SUMMARY SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

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 — 99.1%

Communication Services — 5.4%
Alphabet Inc, Cl A *		1.0	%		26,214	$	30,459
Alphabet Inc, Cl C *		0.8			22,848		26,568
AT&T Inc		0.7			723,566		21,092
BCE Inc		0.7			538,174		21,990
Facebook Inc, Cl A *		0.9			173,490		28,938
Other Securities		1.3					41,227
							170,274
Consumer Discretionary — 10.3%
Amazon.com Inc, Cl A *		1.6			26,556		51,777
Dollar General Corp		1.5			309,007		46,663
Lowe’s Cos Inc		0.9			328,236		28,245
NIKE Inc, Cl B		0.9			357,743		29,600
Ross Stores Inc		0.7			243,090		21,142
Other Securities (A)		4.7					146,980
							324,407
Consumer Staples — 10.7%
Altria Group Inc		0.7			546,042		21,115
JM Smucker Co/The		0.7			188,990		20,978
Kimberly-Clark Corp		0.7			166,165		21,248
Kroger Co/The		0.9			958,456		28,869
PepsiCo Inc		0.9			234,340		28,144
Philip Morris International Inc		1.0			452,673		33,027
Procter & Gamble Co/The		0.8			233,806		25,719
Unilever NV		0.9			612,509		29,884
Other Securities (A)		4.1					129,718
							338,702
Energy — 2.4%
Other Securities		2.4					75,529

Financials — 16.4%
Bank of America Corp		1.0			1,550,747		32,922
Berkshire Hathaway Inc, Cl B *		0.6			107,263		19,611
Citigroup Inc		0.8			569,487		23,987
CME Group Inc		0.6			117,119		20,251



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

COMMON STOCK (continued)
JPMorgan Chase & Co		1.4	%		478,943	$	43,119
Moody’s Corp		1.9			288,575		61,034
MSCI Inc, Cl A		1.5			163,834		47,341
Other Securities ^‡		8.6					269,651
							517,916
Health Care — 18.6%
Abbott Laboratories		0.7			274,129		21,632
Amgen Inc, Cl A		1.0			148,566		30,119
Becton Dickinson and Co		1.1			152,107		34,950
CVS Health Corp		0.7			379,134		22,494
Eli Lilly & Co		0.7			169,143		23,463
Johnson & Johnson		2.7			659,514		86,482
Merck & Co Inc		1.8			751,470		57,818
Pfizer Inc		1.0			995,962		32,508
UnitedHealth Group Inc		1.6			197,672		49,295
Other Securities		7.3					228,925
							587,686
Industrials — 7.6%
Graco Inc		0.9			568,764		27,716
Illinois Tool Works Inc		0.6			143,062		20,332
Roper Technologies Inc		0.7			67,713		21,114
Other Securities (A)		5.4					172,468
							241,630
Information Technology — 19.7%
Adobe Inc *		1.4			137,412		43,730
Apple Inc		2.2			266,564		67,785
Applied Materials Inc		0.7			507,844		23,269
Cisco Systems Inc		1.1			859,735		33,796
Intel Corp		1.1			631,741		34,190
Intuit Inc		1.1			156,005		35,881
Mastercard Inc, Cl A		1.7			224,790		54,300
Microsoft Corp		2.4			486,353		76,703
Oracle Corp, Cl B		0.8			512,747		24,781
Visa Inc, Cl A		1.5			288,204		46,435
Other Securities (A)		5.7					179,698
							620,568
Materials — 4.3%
Ecolab Inc		0.8			169,113		26,353
Linde PLC		0.8			136,959		23,694
Sherwin-Williams Co/The, Cl A		1.1			78,752		36,188
Other Securities		1.6					48,858
							135,093
Real Estate — 2.3%
American Tower Corp, Cl A ^‡		0.8			107,953		23,507
Other Securities ^‡		1.5					48,937
							72,444
Utilities — 1.4%
Other Securities		1.4					43,970

Total Common Stock (Cost $1,863,442) ($ Thousands)							3,128,219

SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020



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

AFFILIATED PARTNERSHIP — 0.9%
SEI Liquidity Fund, L.P.
0.760% **^†(B)		0.9	%		28,160,365	$	28,165

Total Affiliated Partnership (Cost $28,158) ($ Thousands)							28,165



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

CASH EQUIVALENT — 0.3%
SEI Daily Income Trust, Government Fund, Cl F 0.290% **^†		0.3	%		7,958,957	$	7,959

Total Cash Equivalent (Cost $7,959) ($ Thousands)							7,959

Total Investments in Securities — 100.3% (Cost $1,899,559)($ Thousands)						$	3,164,343

A list of the open futures contracts held by the Fund at March 31, 2020 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		48		Jun-2020	$	6,085	$	6,167	$	82
S&P Mid Cap 400 Index E-MINI		2		Jun-2020		288		288		–
					$	6,373	$	6,455	$	82

Percentages are based on a Net Assets of $3,154,994 ($ Thousands).

*	Non-income producing security.

**	The rate reported is the 7-day effective yield as of March 31, 2020.

^‡	Real Estate Investment Trust.

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

(A)	Certain securities or partial positions of certain securities are on loan at March 31, 2020 (see Note 10). The total market value of securities on loan at March 31, 2020, was $27,284 ($ 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 March 31, 2020 was $28,165 ($ Thousands).

Cl — Class

L.P. — Limited Partnership

MSCI — Morgan Stanley Capital International

PLC — Public Limited Company

The following is a list of the level of inputs used as of March 31, 2020, in valuing the Fund’s investments carried and other financial instruments at value ($ Thousands):

Investments in Securities

Level 1

($)

Level 2

($)

Level 3

($)

Total

($)

Common Stock

3,128,219

–

3,128,219

Affiliated Partnership

–

28,165

–

28,165

Cash Equivalent

7,959

–

7,959

Total Investments in Securities

3,136,178

28,165

–

3,164,343

Other Financial Instruments

Level 1

($)

Level 2

($)

Level 3

($)

Total

($)

Futures Contracts*

Unrealized Appreciation

–

Total Other Financial Instruments

–

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

For the period ended March 31, 2020, there were no transfers in or out of Level 3.

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 period ended March 31, 2020 ($ Thousands):



Security Description	Value 9/30/2019	Purchases at Cost	Proceeds from Sales	Realized Gain/ (Loss)	Change in Unrealized Appreciation/ (Depreciation)	Value 3/31/2020	Shares	Income	Capital Gains
SEI Liquidity Fund, L.P.	$ 39,146	$ 223,211	$ (234,196)	$ —	$ 4	$ 28,165	28,160,365	$ 405	$ —
SEI Daily Income Trust, Government Fund, Cl F	34,813	260,048	(286,902)	—	—	7,959	7,958,957	152	—

Totals	$ 73,959	$ 483,259	$ (521,098)	$ —	$ 4	$ 36,124		$ 557	$ —

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

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


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		15

SUMMARY SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

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 — 97.7%

Communication Services — 10.5%
Alphabet Inc, Cl A *		1.6	%		9,543	$	11,089
Alphabet Inc, Cl C *		1.6			9,520		11,070
AT&T Inc		1.0			233,993		6,821
Comcast Corp, Cl A		0.7			145,496		5,002
Facebook Inc, Cl A *		1.8			76,986		12,841
Netflix Inc *		0.8			14,000		5,257
Verizon Communications Inc		1.0			132,496		7,119
Walt Disney Co/The		0.8			57,793		5,583
Other Securities		1.2					8,731
							73,513
Consumer Discretionary — 9.6%
Amazon.com Inc, Cl A *		3.7			13,342		26,013
Home Depot Inc/The		0.9			34,945		6,525
McDonald’s Corp		0.6			24,111		3,987
NIKE Inc, Cl B		0.5			40,023		3,311
Other Securities (A)		3.9					27,314
							67,150
Consumer Staples — 7.6%
Coca-Cola Co/The		0.8			123,549		5,467
Costco Wholesale Corp		0.6			14,218		4,054
PepsiCo Inc		0.8			44,715		5,370
Philip Morris International Inc		0.5			49,887		3,640
Procter & Gamble Co/The		1.2			79,800		8,778
Walmart Inc		0.7			45,461		5,165
Other Securities		3.0					20,974
							53,448
Energy — 2.6%
Chevron Corp		0.6			60,623		4,393
Exxon Mobil Corp		0.7			135,646		5,150
Other Securities		1.3					8,598
							18,141
Financials — 10.7%
Bank of America Corp		0.8			259,445		5,508
Berkshire Hathaway Inc, Cl B *		1.6			62,563		11,438
JPMorgan Chase & Co		1.3			100,376		9,037
Wells Fargo & Co		0.5			123,515		3,545



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

COMMON STOCK (continued)
Other Securities		6.5	%			$	45,262
							74,790
Health Care — 15.0%
Abbott Laboratories		0.6			56,719		4,476
AbbVie Inc		0.5			47,468		3,617
Amgen Inc, Cl A		0.5			19,029		3,858
Bristol-Myers Squibb Co		0.6			75,197		4,192
Eli Lilly & Co		0.5			27,106		3,760
Johnson & Johnson		1.6			84,254		11,048
Medtronic PLC		0.5			42,972		3,875
Merck & Co Inc		0.9			81,580		6,277
Pfizer Inc		0.8			177,356		5,789
Thermo Fisher Scientific Inc		0.5			12,918		3,664
UnitedHealth Group Inc		1.1			30,328		7,563
Other Securities		6.9					47,390
							105,509
Industrials — 8.0%
Union Pacific Corp		0.4			22,274		3,141
Other Securities		7.6					53,116
							56,257
Information Technology — 24.9%
Accenture PLC, Cl A		0.5			20,404		3,331
Adobe Inc *		0.7			15,541		4,946
Apple Inc		4.8			133,582		33,969
Cisco Systems Inc		0.8			135,961		5,345
Intel Corp		1.1			139,297		7,539
International Business Machines Corp		0.4			28,433		3,154
Mastercard Inc, Cl A		1.0			28,417		6,864
Microsoft Corp		5.5			243,971		38,477
NVIDIA Corp		0.7			19,665		5,184
Oracle Corp, Cl B		0.5			69,523		3,360
PayPal Holdings Inc *		0.5			37,649		3,605
salesforce.com Inc *		0.6			28,409		4,090
Visa Inc, Cl A		1.3			54,799		8,829
Other Securities		6.5					45,902
							174,595
Materials — 2.4%
Other Securities (A)		2.4					16,662

Real Estate — 2.9%
American Tower Corp, Cl A ^‡		0.4			14,200		3,092
Other Securities ^‡		2.5					17,353
							20,445
Utilities — 3.5%
NextEra Energy Inc		0.5			15,720		3,783
Other Securities		3.0					20,668
							24,451
Total Common Stock (Cost $303,802) ($ Thousands)							684,961

SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020



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

AFFILIATED PARTNERSHIP — 0.1%
SEI Liquidity Fund. L.P. 0.760% **^† (B)		0.1	%		422,739	$	423

Total Affiliated Partnership (Cost $423) ($ Thousands)							423

CASH EQUIVALENT — 4.5%
SEI Daily Income Trust, Government Fund, Cl F 0.290% **^†		4.5			31,875,847		31,876

Total Cash Equivalent (Cost $31,876) ($ Thousands)							31,876

Total Investments in Securities — 102.3% (Cost $336,101)($ Thousands)						$	717,260

A list of the open futures contracts held by the Fund at March 31, 2020 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		205		Jun-2020	$	26,223	$	26,339	$	116

Percentages are based on a Net Assets of $701,230 ($ Thousands).

*	Non-income producing security.

**	The rate reported is the 7-day effective yield as of March 31, 2020.

^‡	Real Estate Investment Trust.

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

(A)	Certain securities or partial positions of certain securities are on loan at March 31, 2020 (see Note 10). The total market value of securities on loan at March 31, 2020, was $389 ($ 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 March 31, 2020 was $423 ($ Thousands).

Cl — Class

L.P. — Limited Partnership

PLC — Public Limited Company

S&P— Standard & Poor’s

The following is a list of the level of inputs used as of March 31, 2020, 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

684,961

–

684,961

Affiliated Partnership

–

423

–

423

Cash Equivalent

31,876

—

–

31,876

Total Investments in Securities

716,837

423

–

717,260

Other Financial Instruments

Level 1

($)

Level 2

($)

Level 3

($)

Total

($)

Futures Contracts*

Unrealized Appreciation

116

–

116

Total Other Financial Instruments

116

–

116

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

For the period ended March 31, 2020, there were no transfers in or out of Level 3.

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


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		17

SUMMARY SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

S&P 500 Index Fund (Concluded)

The following is a summary of the Fund’s transactions with affiliates for the period ended March 31, 2020 ($ Thousands):



Security Description	Value 9/30/2019	Purchases at Cost	Proceeds from Sales	Realized Gain/ Loss)	Change in Unrealized Appreciation/ (Depreciation)	Value 3/31/2020	Shares	Income	Capital Gains
SEI Liquidity Fund, L.P.	$ —	$ 4,899	$ (4,476)	$ —	$ —	$ 423	422,739	$2	$ —
SEI Daily Income Trust, Government Fund, Cl F	8,999	151,644	(128,767)	—	—	31,876	31,875,847	95	—

Totals	$8,999	$156,543	$ (133,243)	$ —	$ —	$32,299		$97	$ —

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

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


18		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

SUMMARY SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

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 — 87.7%

Communication Services — 2.5%
Cable One Inc		0.5	%	1,136	$	1,867
Cogent Communications Holdings Inc		1.0		51,969		4,260
Nexstar Media Group Inc, Cl A		0.5		32,271		1,863
Other Securities		0.5				2,596
						10,586
Consumer Discretionary — 9.3%
Bloomin’ Brands Inc *		0.4		227,503		1,624
Cheesecake Factory Inc/The		0.4		109,210		1,865
Dave & Buster’s Entertainment Inc (A)		0.4		138,733		1,815
Domino’s Pizza Inc		0.4		5,486		1,778
Modine Manufacturing Co *		0.5		605,122		1,967
Murphy USA Inc *		0.6		27,562		2,325
Urban Outfitters Inc *		0.4		124,462		1,772
Other Securities (A)		6.2				26,397
						39,543
Consumer Staples — 5.3%
Darling Ingredients Inc *		0.5		122,234		2,343
Medifast Inc (A)		0.5		31,318		1,957
Pilgrim’s Pride Corp *		0.4		96,483		1,748
TreeHouse Foods Inc *		0.5		43,928		1,939
Other Securities (A)		3.4				14,381
						22,368
Energy — 1.9%
Cabot Oil & Gas Corp		0.5		118,005		2,029
Other Securities (A)(B)		1.4				6,043
						8,072
Financials — 16.7%
American Equity Investment Life Holding Co		1.0		210,842		3,964



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

COMMON STOCK (continued)
BankUnited Inc		0.9	%	203,748	$	3,810
CNO Financial Group Inc		0.9		292,223		3,621
Cohen & Steers Inc		0.4		37,678		1,712
First Commonwealth Financial Corp		0.7		328,488		3,002
FNB Corp/PA		1.0		594,433		4,381
Great Western Bancorp Inc		0.6		121,518		2,489
National General Holdings Corp		0.9		227,429		3,764
Umpqua Holdings Corp		0.9		354,211		3,861
Other Securities ^‡(A)		9.4				40,507
						71,111
Health Care — 13.0%
Chemed Corp		0.4		3,657		1,584
Integra LifeSciences Holdings Corp *		0.4		41,167		1,839
Magellan Health Inc *		0.9		79,108		3,806
ResMed Inc		0.4		10,609		1,563
Other Securities (A)		10.9				46,562
						55,354
Industrials — 13.7%
AECOM *		0.4		52,516		1,568
Atlas Air Worldwide Holdings Inc *		0.4		64,530		1,656
BWX Technologies Inc, Cl W		0.6		51,652		2,516
Generac Holdings Inc *		0.5		21,625		2,015
Huron Consulting Group Inc *		0.5		41,846		1,898
JetBlue Airways Corp *		0.5		247,158		2,212
Tetra Tech Inc		0.6		35,382		2,499
WESCO International Inc *		0.5		91,187		2,084
Other Securities (A)		9.7				41,949
						58,397
Information Technology — 14.1%
Cabot Microelectronics Corp		0.4		15,802		1,804
CACI International Inc, Cl A *		0.6		10,955		2,313
ExlService Holdings Inc *		0.4		35,140		1,828
II-VI Inc *(A)		0.4		57,789		1,647
MACOM Technology Solutions Holdings Inc *		0.4		80,302		1,520
ManTech International Corp/ VA, Cl A		0.7		37,765		2,744
NCR Corp *		0.6		150,616		2,666
Power Integrations Inc		0.6		26,731		2,361
Super Micro Computer Inc *		1.1		219,982		4,681
Other Securities (A)		8.9				38,335
						59,899
Materials — 4.1%
Commercial Metals Co, Cl A		1.0		263,383		4,159
Other Securities (A)		3.1				13,152
						17,311
Real Estate — 3.7%
Other Securities ^‡		3.7				15,919


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		19

SUMMARY SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

Small Cap Fund (Concluded)



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

COMMON STOCK (continued)

Utilities — 3.4%
Algonquin Power & Utilities Corp		0.4	%	123,160	$	1,650
American States Water Co		0.4		21,684		1,772
American Water Works Co Inc		0.4		13,106		1,567
Portland General Electric Co		0.6		50,417		2,417
Other Securities		1.6				7,161
						14,567

Total Common Stock (Cost $422,803) ($ Thousands)						373,127



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

AFFILIATED PARTNERSHIP — 3.7%
SEI Liquidity Fund, L.P.
0.760% **^†(C)		3.7	%	15,579,988	$	15,581

Total Affiliated Partnership (Cost $15,579) ($ Thousands)						15,581

CASH EQUIVALENT — 17.4%
SEI Daily Income Trust, Government Fund, Cl F 0.290% **^†		17.4		74,234,659		74,235

Total Cash Equivalent (Cost $74,235) ($ Thousands)						74,235

Total Investments in Securities — 108.8% (Cost $512,617)($ Thousands)					$	462,943

A list of the open futures contracts held by the Fund at March 31, 2020 is as follows:


Type of Contract	Number of Contracts Long		Expiration Date		Notional Amount (Thousands)		Value (Thousands)		Unrealized Depreciation (Thousands)
Russell 2000 Index E-MINI		661		Jun-2020	$	38,105	$	37,928	$ (177)

Percentages are based on a Net Assets of $425,482 ($ Thousands).

*	Non-income producing security.

**	The rate reported is the 7-day effective yield as of March 31, 2020.

^‡	Real Estate Investment Trust.

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

(A)

Certain securities or partial positions of certain securities are on loan at March 31, 2020 (see Note 10). The total market value of securities on loan at March 31, 2020, was $15,186 ($ Thousands). (B) Security is a Master Limited Partnership. At March 31, 2020, such securities amounted to $774 ($ Thousands), or 0.2% of 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 March 31, 2020 was $15,581 ($ Thousands).

Cl — Class

L.P. — Limited Partnership

The following is a list of the level of inputs used as of March 31, 2020, 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

373,127

–

373,127

Affiliated Partnership

–

15,581

–

15,581

Cash Equivalent

74,235

–

74,235

Total Investments in Securities

447,362

15,581

–

462,943

Other Financial Instruments

Level 1

($)

Level 2

($)

Level 3

($)

Total

($)

Futures Contracts*

Unrealized Depreciation

(177

)

–

(177)

Total Other Financial Instruments

(177

)

–

(177)

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

For the period ended March 31, 2020, there were no transfers in or out of Level 3.

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


20		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

The following is a summary of the Fund’s transactions with affiliates for the period ended March 31, 2020 ($ Thousands):


Security Description	Value 9/30/2019	Purchases at Cost	Proceeds from Sales	Realized Gain/ (Loss)	Change in Unrealized Appreciation/ (Depreciation)	Value 3/31/2020	Shares	Income	Capital Gains
SEI Liquidity Fund, L.P.	$ 16,900	$ 89,708	$ (91,029)	$ —	$ 2	$ 15,581	15,579,988	$ 115	$ —
SEI Daily Income Trust, Government Fund, Cl F	13,698	143,486	(82,949)	—	—	74,235	74,234,659	77	—

Totals	$ 30,598	$ 233,194	$ (173,978)	$ -	$ 2	$ 89,816		$ 192	$ —

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

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


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		21

SUMMARY SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

Small Cap Value 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 — 95.4%

Communication Services — 2.2%
IAC/InterActiveCorp *		0.6	%	6,593	$	1,182
Nexstar Media Group Inc, Cl A		0.9		32,552		1,879
Other Securities		0.7				1,438
						4,499
Consumer Discretionary — 8.6%
Lithia Motors Inc, Cl A		1.0		24,298		1,987
Other Securities (A)		7.6				16,080
						18,067
Consumer Staples — 2.7%
Hostess Brands Inc, Cl A *		1.0		198,723		2,118
Other Securities (A)		1.7				3,528
						5,646
Energy — 1.7%
Other Securities (B)		1.7				3,552

Financials — 22.1%
American Equity Investment Life Holding Co		0.7		82,399		1,549
BankUnited Inc		1.0		115,472		2,159
BGC Partners Inc, Cl A		0.6		455,807		1,149
CNO Financial Group Inc		1.4		235,149		2,914
Columbia Banking System Inc		1.0		80,533		2,158
First Commonwealth Financial Corp		0.9		215,854		1,973
FNB Corp/PA		1.0		279,228		2,058
Great Western Bancorp Inc		0.5		52,279		1,071
Legg Mason Inc		0.6		26,210		1,280
National General Holdings Corp		0.5		66,840		1,106
OFG Bancorp		0.6		119,363		1,335
PacWest Bancorp		0.8		94,334		1,690
Starwood Property Trust Inc ^‡		0.8		161,220		1,653
Umpqua Holdings Corp		0.8		147,328		1,606
Other Securities ^‡		10.9				22,475
						46,176



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

COMMON STOCK (continued)

Health Care — 6.4%
Change Healthcare Inc *		0.6	%	120,594	$	1,205
Ligand Pharmaceuticals Inc *(A)		1.3		35,998		2,618
Magellan Health Inc *		0.8		34,715		1,670
Syneos Health Inc, Cl A *		1.0		54,679		2,156
Other Securities (A)		2.7				5,745
						13,394
Industrials — 13.1%
BWX Technologies Inc, Cl W		0.5		23,215		1,131
Colfax Corp *		1.1		118,822		2,353
IAA Inc *		0.9		60,699		1,819
JetBlue Airways Corp *		0.6		149,718		1,340
KAR Auction Services Inc		0.7		125,415		1,505
Teledyne Technologies Inc *		0.9		6,045		1,797
Trinity Industries Inc		0.8		107,011		1,720
WESCO International Inc *		0.7		59,048		1,349
Other Securities (A)		6.9				14,358
						27,372
Information Technology — 14.4%
ACI Worldwide Inc *		2.1		177,026		4,275
Insight Enterprises Inc *		0.6		27,055		1,140
J2 Global Inc *		1.4		39,813		2,980
NCR Corp *		0.6		73,809		1,306
Sanmina Corp *		0.6		46,952		1,281
Silicon Motion Technology Corp ADR		1.4		76,927		2,820
Super Micro Computer Inc *		0.7		71,663		1,525
Verint Systems Inc *		0.8		39,860		1,714
Other Securities		6.2				13,134
						30,175
Materials — 9.2%
Ashland Global Holdings Inc		0.7		27,836		1,394
Commercial Metals Co, Cl A		1.0		131,419		2,075
FMC Corp		2.5		63,922		5,222
Silgan Holdings Inc		2.0		140,870		4,088
Other Securities (A)		3.0				6,429
						19,208
Real Estate — 10.6%
Gaming and Leisure Properties Inc ^‡		1.5		113,432		3,143
Howard Hughes Corp/ The *		0.9		36,546		1,846
Invitation Homes Inc ^‡		0.6		61,325		1,310
Medical Properties Trust Inc ^‡		2.2		261,242		4,517
Other Securities ^‡(A)		5.4				11,452
						22,268
Utilities — 4.4%
Consolidated Water Co Ltd		0.9		114,668		1,880
National Fuel Gas Co		1.1		61,935		2,310
Portland General Electric Co		1.2		52,807		2,532
Spark Energy Inc, Cl A (A)		0.8		250,049		1,568


22		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020



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

COMMON STOCK (continued)
Other Securities		0.4	%		$	860
						9,150

Total Common Stock (Cost $268,428) ($ Thousands)						199,507

AFFILIATED PARTNERSHIP — 2.7%
SEI Liquidity Fund, L.P.
0.760% **^†(C)		2.7		5,640,952		5,644

Total Affiliated Partnership (Cost $5,640) ($ Thousands)						5,644



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

CASH EQUIVALENT — 4.3%
SEI Daily Income Trust, Government Fund, Cl F
0.290% **^†		4.3	%	8,973,582	$	8,974

Total Cash Equivalent (Cost $8,974) ($ Thousands)						8,974

Total Investments in Securities — 102.4% (Cost $283,042)($ Thousands)					$	214,125

A list of the open futures contracts held at March 31, 2020 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		39		Jun-2020	$	2,206	$	2,238	$ 32

Percentages are based on Net Assets of $209,144 ($ Thousands).

*	Non-income producing security.

**	The rate reported is the 7-day effective yield as of March 31, 2020.

^‡	Real Estate Investment Trust.

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

(A)	Certain securities or partial positions of certain securities are on loan at March 31, 2020 (See Note 10). The total market value of securities on loan at March 31, 2020 was $5,518 ($ Thousands).

(B)	Security is a Master Limited Partnership. At March 31, 2020, such securities amounted to $479 ($ Thousands), or 0.2% of the 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 March 31, 2020 was $5,644 ($ Thousands).

ADR — American Depositary Receipt

Cl — Class

L.P. — Limited Partnership

Ltd. — Limited

The following is a list of the level of inputs used as of March 31, 2020, 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

199,507

–

199,507

Affiliated Partnership

–

5,644

–

5,644

Cash Equivalent

8,974

–

8,974

Total Investments in Securities

208,481

5,644

–

214,125

Other Financial Instruments

Level 1

($)

Level 2

($)

Level 3

($)

Total

($)

Futures Contracts*

Unrealized Appreciation

–

Total Other Financial Instruments

–

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

For the period ended March 31, 2020, there were no transfers in or out of Level 3.

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


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		23

SUMMARY SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

Small Cap Value Fund (Concluded)

The following is a summary of the Fund’s transactions with affiliates for the period ended March 31, 2020 ($ Thousands):



Security Description	Value 9/30/2019	Purchases at Cost	Proceeds from Sales	Realized Gain/ (Loss)	Change in Unrealized Appreciation/ (Depreciation)	Value 3/31/2020	Shares	Income	Capital Gains

SEI Liquidity Fund, L.P.	$ 8,496	$ 31,216	$ (34,070)	$ —	$ 2	$ 5,644	5,640,952	$ 45	$ —
SEI Daily Income Trust, Government Fund, Cl F	16,059	19,874	(26,959)	—	—	8,974	8,973,582	90	—

Totals	$ 24,555	$ 51,090	$ (61,029)	$ —	$ 2	$ 14,618		$ 135	$ —

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

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


24		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

SUMMARY SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

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 — 97.5%

Communication Services — 3.3%
Vonage Holdings Corp *	0.7%		231,560	$	1,674
Other Securities (A)	2.6				6,087
					7,761
Consumer Discretionary — 7.7%
Deckers Outdoor Corp *	0.5		9,040		1,211
Sally Beauty Holdings Inc *	0.7		192,889		1,559
Skechers U.S.A. Inc, Cl A *	0.9		91,148		2,164
Other Securities (A)	5.6				13,318
					18,252
Consumer Staples — 1.8%
Other Securities (A)	1.8				4,245

Energy — 0.8%
Other Securities (A)	0.8				1,892

Financials — 7.4%
eHealth Inc *	0.5		8,089		1,139
Other Securities ^‡ (A)(B)(C)(F)	6.9				16,395
					17,534
Health Care — 28.8%
Amedisys Inc *	0.6		7,864		1,443
AMN Healthcare Services Inc *	0.5		19,595		1,133
BioTelemetry Inc *	0.7		41,767		1,608
Cardiovascular Systems Inc *	0.8		56,496		1,989
Castle Biosciences Inc *	0.4		35,556		1,060
LHC Group Inc *	1.0		17,221		2,414
Merit Medical Systems Inc *	0.5		41,398		1,294
NeoGenomics Inc *	1.2		100,878		2,785
Omnicell Inc *	0.8		29,421		1,929
Quidel Corp *	0.6		13,266		1,298
R1 RCM Inc *	0.8		199,609		1,814
Repligen Corp *	0.6		14,122		1,363
Syneos Health Inc, Cl A *	0.5		28,843		1,137



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

COMMON STOCK (continued)
Teladoc Health Inc *		0.5%		8,027	$	1,244
Veracyte Inc *(A)		0.9		90,253		2,194
Other Securities (A)		18.4				43,198
						67,903
Industrials — 20.1%
ABM Industries Inc		0.5		46,269		1,127
Arcosa Inc		0.6		34,160		1,358
BMC Stock Holdings Inc *		0.6		74,186		1,315
Brink’s Co/The		0.4		20,013		1,042
Clean Harbors Inc *		0.6		28,470		1,462
FTI Consulting Inc *		0.7		13,754		1,647
Generac Holdings Inc *		0.4		11,036		1,028
Heritage-Crystal Clean Inc *		0.7		95,629		1,553
ICF International Inc, Cl A		0.7		24,756		1,701
John Bean Technologies Corp, Cl A		0.5		16,676		1,239
Kirby Corp *		0.5		25,278		1,099
MasTec Inc *		0.6		44,558		1,458
Ritchie Bros Auctioneers Inc		0.6		41,147		1,406
Tennant Co		0.7		29,391		1,703
TriNet Group Inc *		0.8		49,121		1,850
WillScot Corp, Cl A *		0.5		107,427		1,088
Other Securities (A)(D)		10.7				25,393
						47,469
Information Technology — 20.7%
2U Inc *		0.5		56,064		1,190
Box Inc, Cl A *		0.6		94,988		1,334
CACI International Inc, Cl A *		0.5		5,381		1,136
Cirrus Logic Inc *		0.5		17,451		1,145
Cornerstone OnDemand Inc *		0.4		33,114		1,051
Five9 Inc *		0.8		23,375		1,787
Limelight Networks Inc *		0.9		386,320		2,202
LogMeIn Inc *		0.8		23,133		1,927
Model N Inc *		0.4		47,321		1,051
Perficient Inc *		0.6		51,407		1,393
Switch Inc, Cl A		0.7		107,953		1,558
Viavi Solutions Inc *		0.5		105,087		1,178
Other Securities (A)(B)(C)		13.5				31,857
						48,809
Materials — 1.5%
Ranpak Holdings Corp, Cl A *		0.5		170,251		1,066
Other Securities		1.0				2,506
						3,572
Real Estate — 3.9%
Medical Properties Trust Inc ^‡		0.5		72,396		1,252
Other Securities ^‡(A)		3.4				7,836
						9,088


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		25

SUMMARY SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

Small Cap Growth Fund (Concluded)



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

COMMON STOCK (continued)

Utilities — 1.5%
Other Securities		1.5%			$	3,456

Total Common Stock (Cost $270,289) ($ Thousands)						229,981

WARRANT — 0.0%
Other Securities		0.0				50

Total Warrant (Cost $68) ($ Thousands)						50

AFFILIATED PARTNERSHIP — 4.9%
SEI Liquidity Fund, L.P. 0.760% **^†(E)		4.9		11,530,211		11,532

Total Affiliated Partnership (Cost $11,529) ($ Thousands)						11,532

CASH EQUIVALENT — 2.3%
SEI Daily Income Trust, Government Fund, Cl F
0.290% **^†		2.3		5,536,012		5,536

Total Cash Equivalent (Cost $5,537) ($ Thousands)						5,536

Total Investments in Securities — 104.7% (Cost $287,423)($ Thousands)					$	247,099

Percentages are based on a Net Assets of $235,961 ($ Thousands).

*	Non-income producing security.

**	The rate reported is the 7-day effective yield as of March 31, 2020.

^‡	Real Estate Investment Trust.

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

(A)	Certain securities or partial positions of certain securities are on loan at March 31, 2020 (see Note 10). The total market value of securities on loan at March 31, 2020, was $11,200 ($ Thousands).

(B)	Level 3 security in accordance with fair value hierarchy.

(C)	Securities considered illiquid. The total value of such securities as of March 31, 2020 was $59 ($ Thousands) and represented 0.0% of Net Assets.

(D)	Security is a Master Limited Partnership. At March 31, 2020, such securities amounted to $892 ($ Thousands), or 0.4% of Net Assets (See Note 2).

(E)	This security was purchased with cash collateral held from securities on loan (see Note 10). The total market value of such securities as of March 31, 2020 was $11,532 ($ Thousands).

(F)	Securities considered restricted. The total market value of such securities as of March 31, 2020 was $54 ($ Thousands) and represented 0.0% of Net Assets.

Cl — Class

L.P. — Limited Partnership

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.


26		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

The following is a list of the level of inputs used as of March 31, 2020, in valuing the Fund’s investments carried at value ($ Thousands):


Investments in Securities	Level 1 ($)		Level 2 ($)		Level 3 ($)⁽¹⁾		Total ($)
Common Stock		229,922		–		59		229,981
Warrant		–		50		–		50
Affiliated Partnership		–		11,532		–		11,532
Cash Equivalent		5,536		–		–		5,536

Total Investments in Securities		235,458		11,582		59		247,099

(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 period ended March 31, 2020, there were no transfers in or out of Level 3.

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 period ended March 31, 2020 ($ Thousands):



Security Description	Value 9/30/2019	Purchases at Cost	Proceeds from Sales	Realized Gain/ (Loss)	Change in Unrealized Appreciation/ (Depreciation)	Value 3/31/2020	Shares	Income	Capital Gains
SEI Liquidity Fund, L.P.	$ 23,698	$ 49,733	$ (61,902)	$ —	$ 3	$ 11,532	11,530,211	$ 127	$ —
SEI Daily Income Trust, Government Fund, Cl F	11,046	31,443	(36,953)	—	—	5,536	5,536,012	49	—

Totals	$ 34,744	$ 81,176	$ (98,855)	$ —	$ 3	$ 17,068		$ 176	$ —

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

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


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		27

SUMMARY SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

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 — 99.2%

Communication Services — 2.4%
IAC/InterActiveCorp*		0.6	%		21,288	$	3,815
Nexstar Media Group Inc, Cl A		0.4			45,662		2,636
Other Securities (A)		1.4					8,532
							14,983
Consumer Discretionary — 10.4%
Lithia Motors Inc, Cl A		0.8			56,842		4,649
Modine Manufacturing Co *		0.4			726,496		2,361
Pool Corp		0.8			23,829		4,689
Six Flags Entertainment Corp		0.4			186,411		2,338
Urban Outfitters Inc *		0.4			186,518		2,656
Wendy’s Co/The		0.4			180,995		2,693
Other Securities (A)		7.2					44,293
							63,679
Consumer Staples — 4.2%
Andersons Inc/The		0.5			148,249		2,780
Hostess Brands Inc, Cl A *		0.8			468,657		4,996
Other Securities (A)		2.9					18,354
							26,130
Energy — 1.2%
Other Securities		1.2					7,112

Financials — 16.1%
American Equity Investment Life Holding Co		0.9			306,743		5,767
BankUnited Inc		0.5			148,590		2,779
CNO Financial Group Inc		0.9			450,304		5,579
Columbia Banking System Inc		0.7			160,625		4,305
Great Western Bancorp Inc		0.6			179,747		3,681
Hanover Insurance Group Inc/ The, Cl A		0.4			25,705		2,328
National General Holdings Corp		0.8			287,239		4,754
PacWest Bancorp		0.7			248,634		4,456
Starwood Property Trust Inc ^‡		0.4			240,140		2,461



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

COMMON STOCK (continued)
Other Securities ^‡		10.2	%			$	62,812
							98,922
Health Care — 15.1%
Chemed Corp		0.5			6,900		2,989
Emergent BioSolutions Inc *		0.5			49,468		2,862
Haemonetics Corp *		0.4			25,898		2,581
Ligand Pharmaceuticals Inc *(A)		1.1			91,020		6,619
Magellan Health Inc *		0.4			56,270		2,707
Masimo Corp *		0.4			15,397		2,727
Premier Inc, Cl A *		0.4			73,631		2,409
Syneos Health Inc, Cl A *		0.8			123,280		4,860
Teleflex Inc		0.4			8,291		2,428
Other Securities (A)		10.2					62,938
							93,120
Industrials — 14.4%
Colfax Corp *		0.8			246,216		4,875
CoStar Group Inc *		0.5			5,435		3,192
FTI Consulting Inc *		0.4			22,195		2,658
IAA Inc *		1.0			204,603		6,130
KAR Auction Services Inc		0.4			226,271		2,715
Teledyne Technologies Inc *		1.1			22,281		6,624
Trinity Industries Inc		0.5			191,972		3,085
XPO Logistics Inc *		0.4			50,356		2,455
Other Securities		9.3					56,646
							88,380
Information Technology — 17.9%
ACI Worldwide Inc *		1.8			454,753		10,982
Aspen Technology Inc *		0.4			25,803		2,453
J2 Global Inc *		1.3			104,762		7,841
MAXIMUS Inc		0.4			43,612		2,538
Semtech Corp *		0.4			69,982		2,624
Silicon Motion Technology Corp ADR		0.9			148,353		5,439
Super Micro Computer Inc *		1.1			320,000		6,810
Trade Desk Inc/The, Cl A *		0.6			17,606		3,398
Wix.com Ltd *		0.4			25,947		2,616
Other Securities (A)		10.6					65,373
							110,074
Materials — 6.2%
Commercial Metals Co, Cl A		0.9			349,469		5,518
FMC Corp		1.7			126,012		10,294
Silgan Holdings Inc		1.3			272,109		7,896
Other Securities		2.3					14,400
							38,108
Real Estate — 7.5%
Gaming and Leisure Properties Inc ^‡		0.8			171,489		4,752
Medical Properties Trust Inc ^‡		1.2			428,546		7,410
Other Securities ^‡		5.5					34,063
							46,225

SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020



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

COMMON STOCK (continued)

Utilities – 3.8%
Other Securities		3.8	%			$	23,461


Total Common Stock (Cost $567,640) ($ Thousands)							610,194


RIGHTS – 0.0%(B)
Other Securities(C)		0.0					22


Total Rights (Cost $–) ($ Thousands)							22


AFFILIATED PARTNERSHIP – 2.1%
SEI Liquidity Fund, L.P. 0.760% **^†(D)		2.1			12,696,345		12,706


Total Affiliated Partnership (Cost $12,695) ($ Thousands)							12,706


CASH EQUIVALENT – 1.4%
SEI Daily Income Trust, Government Fund, Cl F 0.290% **^†		1.4			8,952,852		8,953


Total Cash Equivalent (Cost $8,953) ($ Thousands)							8,953


Total Investments in Securities – 102.7% (Cost $589,288)($ Thousands)						$	631,875

Percentages are based on a Net Assets of $615,077 ($ Thousands).

*	Non-income producing security.

**	The rate reported is the 7-day effective yield as of March 31, 2020.

^‡	Real Estate Investment Trust.

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

(A)	Certain securities or partial positions of certain securities are on loan at March 31, 2020 (see Note 10). The total market value of securities on loan at March 31, 2020, was $12,173 ($ Thousands).

(B)	Level 3 security in accordance with fair value hierarchy.

(C)	Securities considered illiquid. The total value of such securities as of March 31, 2020 was $22 ($ Thousands) and represented 0.0% of Net Assets.

(D)	This security was purchased with cash collateral held from securities on loan (see Note 10). The total market value of such securities as of March 31, 2020 was $12,706 ($ Thousands).

Cl – Class

L.P. – Limited Partnership

Ltd. – Limited

The following is a list of the level of inputs used as of March 31, 2020, in valuing the Fund’s investments carried at value ($ Thousands):


Investments in Securities	Level 1 ($)		Level 2 ($)		Level 3 ($)⁽¹⁾		Total ($)
Common Stock		610,194		–		–		610,194
Rights		–		–		22		22
Affiliated Partnership		–		12,706		–		12,706
Cash Equivalent		8,953		–		–		8,953

Total Investments in Securities		619,147		12,706		22		631,875

(1) A reconciliation of Level 3 instruments 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 period ended March 31, 2020, there were no transfers in or out of Level 3.

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 period ended March 31, 2020 ($ Thousands):



Security Description	Value 9/30/2019			Purchases at Cost			Proceeds from Sales				Realized Gain/ (Loss)			Change in Unrealized Appreciation/ (Depreciation)			Value 3/31/2020			Shares		Income			Capital Gains
SEI Liquidity Fund, L.P.		$	78,149		$	61,787		$	(127,242	)		$	—		$	12		$	12,706		12,696,345		$	138		$	—
SEI Daily Income Trust, Government Fund, Cl F			18,992			61,185			(71,224	)			—			—			8,953		8,952,852			118			—

Totals		$	97,141		$	122,972		$	(198,466	)		$	—		$	12		$	21,659				$	256		$	—

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

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


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		29

SUMMARY SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

Mid-Cap Fund

LOGO

^†Percentages are based on total investments.



Description	Percentage of Net Assets (%)			Shares		Market Value ($ Thousands)
COMMON STOCK — 96.2%

Communication Services — 3.3%
CenturyLink Inc		0.8	%		56,200	$	532
Take-Two Interactive Software Inc, Cl A *		0.7			4,200		498
Other Securities		1.8					1,255
							2,285

Consumer Discretionary — 8.0%
Dollar General Corp		1.2			5,400		815
O’Reilly Automotive Inc *		0.7			1,700		512
Other Securities		6.1					4,219
							5,546

Consumer Staples — 5.9%
Archer-Daniels-Midland Co		1.0			19,700		693
Conagra Brands Inc		0.8			19,400		569
Kroger Co/The		1.0			22,000		663
Tyson Foods Inc, Cl A		0.9			11,300		654
Other Securities		2.2					1,542
							4,121

Energy — 1.0%
Other Securities		1.0					689

Financials — 9.6%
Ameriprise Financial Inc		0.9			6,100		625
CNA Financial Corp		0.4			9,600		298
Loews Corp		0.3			6,700		233
State Street Corp		0.7			9,500		506
T Rowe Price Group Inc		0.7			5,100		498
Other Securities ^‡		6.6					4,534
							6,694

Health Care — 12.7%
AmerisourceBergen Corp, Cl A		0.9			7,100		628
Cerner Corp		1.0			11,100		699
DaVita Inc *		0.8			7,400		563
Hologic Inc *		0.8			15,200		533
Incyte Corp *		0.9			8,900		652
IQVIA Holdings Inc *		1.0			6,400		690



Description	Percentage of Net Assets (%)			Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
McKesson Corp		1.0	%		5,200	$	703
STERIS PLC		0.8			3,800		532
Zimmer Biomet Holdings Inc		1.1			7,300		738
Other Securities		4.4					3,066
							8,804

Industrials — 12.1%
Cummins Inc		1.0			4,900		663
Huntington Ingalls Industries Inc, Cl A		0.8			3,100		565
Oshkosh Corp		0.7			8,100		521
PACCAR Inc		1.0			11,100		679
TransUnion		0.8			8,500		562
Other Securities		7.8					5,392
							8,382

Information Technology — 20.4%
ANSYS Inc *		0.9			2,600		604
Booz Allen Hamilton Holding Corp, Cl A		0.8			8,500		584
Cadence Design Systems Inc *		1.1			11,200		740
CDW Corp/DE		0.9			7,000		653
EPAM Systems Inc *		0.8			3,000		557
FleetCor Technologies Inc *		0.9			3,200		597
Fortinet Inc *		1.0			6,900		698
Lam Research Corp		1.4			4,000		960
Leidos Holdings Inc		1.0			7,400		678
Paycom Software Inc *		0.7			2,500		505
Qorvo Inc *		0.7			6,200		500
Skyworks Solutions Inc		0.9			6,800		608
SS&C Technologies Holdings Inc		0.9			13,600		596
Synopsys Inc *		1.0			5,600		721
VeriSign Inc *		0.9			3,300		594
Other Securities		6.5					4,563
							14,158

Materials — 5.8%
Corteva Inc		0.8			23,900		562
Martin Marietta Materials Inc, Cl A		0.8			2,800		530
Vulcan Materials Co		0.9			5,900		637
Other Securities		3.3					2,354
							4,083

Real Estate — 8.8%
CBRE Group Inc, Cl A *		0.8			14,400		543
Ventas Inc ^‡		0.7			19,400		520
Other Securities ^‡		7.3					5,052
							6,115

Utilities — 8.6%
Consolidated Edison Inc		1.0			8,700		679
FirstEnergy Corp		1.0			18,200		729
NRG Energy Inc		0.8			20,800		567
Public Service Enterprise Group Inc		1.1			16,400		736
Sempra Energy		1.2			7,200		814


30		SEI Institutional Managed Trust / Semi-Annual Report March 31, 2020



Description	Percentage of Net Assets (%)		Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Other Securities		3.5%			$	2,437
						5,962
Total Common Stock (Cost $86,006) ($ Thousands)						66,839

CASH EQUIVALENT — 3.3%
SEI Daily Income Trust, Government Fund, Cl F 0.290% **^†		3.3		2,259,948		2,260

Total Cash Equivalent (Cost $2,260) ($ Thousands)						2,260

Total Investments in Securities — 99.5% (Cost $88,266)($ Thousands)					$	69,099

Percentages are based on a Net Assets of $69,467 ($ Thousands).

*	Non-income producing security.

**	The rate reported is the 7-day effective yield as of March 31, 2020.

^‡	Real Estate Investment Trust.

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

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.

As of March 31, 2020, 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 period ended March 31, 2020, there were no transfers in or out of Level 3.

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 period ended March 31, 2020 ($ Thousands):


Security Description	Value 9/30/2019	Purchases at Cost	Proceeds from Sales	Realized Gain/ (Loss)	Change in Unrealized Appreciation/ (Depreciation)	Value 3/31/2020	Shares	Income	Capital Gains
SEI Daily Income Trust, Government Fund, Cl F	$3,143	$15,560	$(16,443)	$ -	$ -	$2,260	2,259,948	$18	$ -

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

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


SEI Institutional Managed Trust / Semi-Annual Report March 31, 2020		31

SUMMARY SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

U.S. Managed Volatility 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 — 96.6%

Communication Services — 9.1%
AT&T Inc		1.4	%		704,200	$	20,527
Cable One Inc		0.8			6,804		11,186
Comcast Corp, Cl A		1.1			469,600		16,145
Verizon Communications		2.7			736,649		39,580
Other Securities		3.1					45,413
							132,851

Consumer Discretionary — 10.4%
AutoZone Inc *		1.1			19,300		16,328
Target Corp, Cl A		2.0			320,200		29,769
Other Securities (A)		7.3					105,780
							151,877

Consumer Staples — 16.5%
Altria Group Inc		1.2			445,708		17,236
Coca-Cola Co/The		0.6			184,703		8,173
Flowers Foods Inc		0.5			388,391		7,970
General Mills Inc		0.8			221,239		11,675
Hershey Co/The		0.6			70,280		9,312
JM Smucker Co/The		1.8			229,387		25,462
Keurig Dr Pepper Inc		0.6			345,341		8,381
Kroger Co/The		1.1			524,000		15,783
McCormick & Co Inc/MD		0.6			58,846		8,310
PepsiCo Inc		0.6			75,276		9,041
Tyson Foods Inc, Cl A		1.0			257,700		14,913
Walgreens Boots Alliance Inc		0.6			205,400		9,397
Walmart Inc		1.5			187,800		21,338
Other Securities		5.0					72,552
							239,543

Energy — 1.0%
Other Securities		1.0					14,775

Financials — 13.7%
Aflac Inc		1.0			402,300		13,775
Allstate Corp/The		1.6			253,100		23,217
American Financial Group Inc/OH		0.8			157,999		11,073
Berkshire Hathaway Inc, Cl B *		1.4			112,100		20,495



Description	Percentage of Net Assets (%)			Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Cboe Global Markets Inc		0.6	%		91,527	$	8,169
Other Securities ^‡		8.3					122,466
							199,195

Health Care — 11.6%
Amgen Inc, Cl A		0.6			42,500		8,616
Bristol-Myers Squibb Co		1.0			255,631		14,249
CVS Health Corp		0.6			153,830		9,127
HCA Healthcare Inc		0.6			94,000		8,446
Johnson & Johnson		2.3			252,310		33,085
Merck & Co Inc		2.1			394,800		30,376
Pfizer Inc		1.3			568,700		18,562
Other Securities		3.1					46,739
							169,200

Industrials — 8.3%
Lockheed Martin Corp		0.6			25,229		8,551
Raytheon Co		0.7			71,720		9,406
Republic Services Inc		1.1			217,731		16,343
Waste Management Inc		1.1			168,817		15,626
Other Securities		4.8					71,268
							121,194

Information Technology — 12.9%
Amdocs Ltd		1.9			491,964		27,043
Apple Inc		0.7			40,600		10,324
Cisco Systems Inc		1.5			537,800		21,141
Intel Corp		1.6			440,000		23,813
International Business Machines Corp		0.9			118,100		13,101
Motorola Solutions Inc		0.6			64,462		8,568
Oracle Corp, Cl B		1.8			536,100		25,910
Western Union Co/The		0.9			715,900		12,979
Other Securities		3.0					44,314
							187,193

Materials — 2.9%
Linde PLC		0.6			47,701		8,252
Other Securities		2.3					34,119
							42,371

Real Estate — 3.4%
Other Securities ^‡		3.4					49,794

Utilities — 6.8%
American Electric Power Co Inc		0.7			116,308		9,302
DTE Energy Co		0.6			89,500		8,500
Entergy Corp		1.1			176,000		16,539
Exelon Corp		1.3			520,300		19,152
FirstEnergy Corp		0.6			203,000		8,134
NextEra Energy Inc		0.6			33,568		8,077
Other Securities		1.9					28,637
							98,341
Total Common Stock (Cost $1,484,266) ($ Thousands)							1,406,334


32		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020



Description	Percentage of Net Assets (%)		Shares		Market Value ($ Thousands)
AFFILIATED PARTNERSHIP — 0.0%
SEI Liquidity Fund, L.P. 0.760% **^†(B)		0.0%		258,146	$	258

Total Affiliated Partnership (Cost $258) ($ Thousands)						258



Description	Percentage of Net Assets (%)		Shares		Market Value ($ Thousands)
CASH EQUIVALENT — 2.8%
SEI Daily Income Trust, Government Fund, Cl F 0.290% **^†		2.8%		40,869,693	$	40,870

Total Cash Equivalent (Cost $40,870) ($ Thousands)						40,870

Total Investments in Securities — 99.4% (Cost $1,525,394)($ Thousands)					$	1,447,462

A list of the open futures contracts held by the Fund at March 31, 2020, 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	219		Jun-2020	$	26,704	$	28,138	$	1,434

Percentages are based on a Net Assets of $1,455,616 ($ Thousands).

*	Non-income producing security.

**	The rate reported is the 7-day effective yield as of March 31, 2020.

^‡	Real Estate Investment Trust.

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

(A)	Certain securities or partial positions of certain securities are on loan at March 31, 2020 (see Note 10). The total market value of securities on loan at March 31, 2020, was $252 ($ 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 March 31, 2020 was $258 ($ Thousands).

Cl — Class

PLC — Public Limited Company

S&P— Standard & Poor’s

The following is a list of the level of inputs used as of March 31, 2020, 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

1,406,334

–

1,406,334

Affiliated Partnership

–

258

–

258

Cash Equivalent

40,870

–

40,870

Total Investments in Securities

1,447,204

258

–

1,447,462

Other Financial Instruments

Level 1
($)

Level 2
($)

Level 3
($)

Total
($)

Futures Contracts*

Unrealized Appreciation

1,434

–

1,434

Total Other Financial Instruments

1,434

–

1,434

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

For the period March 31, 2020, there were no transfers in or out of Level 3.

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 period ended March 31, 2020 ($ Thousands):

Security Description

Value

9/30/2019

Purchases at Cost

Proceeds from

Sales

Realized Gain/

(Loss)

Change in

Unrealized

Appreciation/

(Depreciation)

Value

3/31/2020

Shares

Income

Capital Gains

SEI Liquidity Fund, L.P.

$ –

$ 276

$(18)

$ –

$ 258

258,146

$ –

SEI Daily Income Trust, Government Fund, Cl F

44,041

317,144

(320,315)

–

40,870

40,869,693

310

–

Totals

$44,041

$317,420

$(320,333)

$ –

$41,128

$310

$ –

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 / Semi-Annual Report / March 31, 2020		33

SUMMARY SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

Global Managed Volatility 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 — 96.8%

Australia — 2.6%
Newcrest Mining Ltd		0.6	%		468,357	$	6,583
Other Securities		2.0					20,076
							26,659

Austria — 0.4%
Other Securities		0.4					3,857

Belgium — 0.7%
Other Securities		0.7					7,541

Bermuda — 0.9%
Other Securities		0.9					8,604

Canada — 7.0%
Atco Ltd/Canada, Cl I		0.3			103,335		2,829
Bank of Montreal		0.6			109,817		5,482
BCE Inc		0.9			209,450		8,554
Canadian Utilities Ltd, Cl A		0.4			172,273		4,071
Other Securities ^‡		4.8					49,702
							70,638

Denmark — 0.7%
Carlsberg A/S, Cl B		0.7			66,759		7,514

Finland — 0.5%
Other Securities		0.5					4,664

France — 1.1%
Veolia Environnement SA		0.7			352,556		7,491
Other Securities		0.4					3,834
							11,325



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

Germany — 1.3%
Deutsche Telekom AG *		0.7	%		560,206	$	7,197
Other Securities		0.6					6,208
							13,405

Guernsey — 0.6%
Amdocs Ltd		0.6			108,249		5,950

Hong Kong — 3.0%
CLP Holdings Ltd, Cl B		1.1			1,232,656		11,311
HKT Trust & HKT Ltd		0.5			3,977,000		5,396
Other Securities		1.4					13,866
							30,573

Ireland — 0.1%
Other Securities		0.1					755

Israel — 2.1%
Bank Leumi Le-Israel BM		0.9			1,671,811		9,249
Other Securities		1.2					11,780
							21,029

Italy — 1.4%
Other Securities		1.4					14,158

Japan — 11.5%
Japan Post Holdings Co Ltd		0.7			924,500		7,210
KDDI Corp		1.0			330,800		9,765
Mizuho Financial Group Inc		0.7			6,311,400		7,194
Nippon Telegraph & Telephone Corp		0.9			397,200		9,479
NTT DOCOMO Inc		1.0			337,100		10,494
Okinawa Cellular Telephone Co		0.0			800		27
Softbank Corp		1.2			964,300		12,258
Other Securities ^‡(A)		6.0					59,965
							116,392

Luxembourg — 0.0%
Other Securities		0.0					112

Netherlands — 0.4%
Other Securities		0.4					4,238

New Zealand — 1.7%
Fisher & Paykel Healthcare Corp Ltd		0.6			330,959		5,924
Other Securities ^‡		1.1					11,201
							17,125

Norway — 1.3%
Orkla ASA		0.9			1,121,457		9,475
Other Securities		0.4					4,160
							13,635


34		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020



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

Portugal — 0.1%
Other Securities		0.1	%			$	1,087

Singapore — 1.5%
Other Securities ^‡		1.5					15,103

Spain — 0.3%
Other Securities		0.3					2,606

Sweden — 1.8%
Axfood AB		0.6			295,834		6,029
ICA Gruppen AB		1.0			236,620		9,929
Other Securities		0.2					2,177
							18,135

Switzerland — 5.6%
Novartis AG		0.8			102,623		8,404
Roche Holding AG		1.0			32,400		10,439
Swisscom AG		1.2			22,636		12,113
Other Securities		2.6					26,144
							57,100

United Kingdom — 2.3%
Diageo PLC		0.6			187,565		6,002
National Grid PLC		0.6			502,038		5,863
Other Securities ^‡		1.1					11,217
							23,082

United States — 47.9%
AT&T Inc		1.1			369,080		10,759
Chemed Corp		1.0			22,030		9,543
Cisco Systems Inc		0.8			205,947		8,096
Citrix Systems Inc		0.9			64,024		9,063
Coca-Cola Co/The		0.9			214,514		9,492
Colgate-Palmolive Co		0.6			91,657		6,082
Comcast Corp, Cl A		0.8			218,593		7,515
Costco Wholesale Corp		0.8			28,412		8,101
DTE Energy Co		0.5			56,193		5,337
Encompass Health Corp		0.7			111,789		7,158
Globe Life Inc		0.6			85,042		6,120
Hawaiian Electric Industries Inc		0.6			143,007		6,156
Home Depot Inc/The		0.8			42,718		7,976
Humana Inc *		0.6			18,995		5,965
Johnson & Johnson		0.8			60,852		7,980
Medtronic PLC		0.7			77,201		6,962
Microsoft Corp		1.0			64,855		10,228
Newmont Corp		0.7			155,494		7,041
PepsiCo Inc		0.7			61,748		7,416
Republic Services Inc		0.8			106,378		7,985
Universal Health Services Inc, Cl B		0.8			84,542		8,376
Verizon Communications Inc		1.0			184,207		9,897
Walmart Inc		1.2			102,269		11,620



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

United States (continued)
Waste Management Inc		0.7	%		74,804	$	6,924
Other Securities ^‡		28.8					293,080
							484,872

Total Common Stock (Cost $1,074,842) ($ Thousands)							980,159

PREFERRED STOCK — 0.1%

Germany — 0.1%
Other Securities		0.1					448

Total Preferred Stock (Cost $852) ($ Thousands)							448

AFFILIATED PARTNERSHIP — 0.1%
SEI Liquidity Fund, L.P. 0.760% **^†(B)		0.1			1,338,677		1,339

Total Affiliated Partnership (Cost $1,339) ($ Thousands)							1,339

CASH EQUIVALENT — 2.3%
SEI Daily Income Trust, Government Fund, Cl F 0.290% **^†		2.3			23,220,524		23,221

Total Cash Equivalent (Cost $23,221) ($ Thousands)							23,221

Total Investments in Securities — 99.3% (Cost $1,100,254)($ Thousands)						$	1,005,167


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		35

SUMMARY SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

Global Managed Volatility Fund (Concluded)

A list of the open futures contracts held by the Fund at March 31, 2020, is as follows:



Type of Contract	Number of Contracts Long		Expiration Date		Notional Amount (Thousands)		Value (Thousands)		Unrealized Appreciation (Depreciation) (Thousands)

Euro STOXX 50		80		Jun-2020	$	2,440	$	2,411	$	(18	)
FTSE 100 Index		17		Jun-2020		1,184		1,188		(20	)
Hang Seng Index		2		May-2020		306		306		1
S&P 500 Index E-MINI		89		Jun-2020		11,627		11,435		(192	)
SPI 200 Index		8		Jun-2020		616		625		2
TOPIX Index		12		Jun-2020		1,526		1,560		14

					$	17,699	$	17,525	$	(213	)

A list of the open forward foreign currency contracts held by the Fund at March 31, 2020, is as follows:



Counterparty	Settlement Date			Currency to Deliver (Thousands)			Currency to Receive (Thousands)		Unrealized Appreciation (Depreciation) (Thousands)

Brown Brothers Harriman		04/27/20	USD		70	DKK		474	$	—
Brown Brothers Harriman		04/27/20	USD		86	SEK		865		1
Brown Brothers Harriman		04/27/20	USD		72	NOK		761		1
Brown Brothers Harriman		04/27/20	USD		94	NOK		982		(1	)
Brown Brothers Harriman		04/27/20	USD		203	SGD		289		—
Brown Brothers Harriman		04/27/20	USD		343	HKD		2,663		—
Brown Brothers Harriman		04/27/20	USD		82	GBP		68		2
Brown Brothers Harriman		04/27/20	USD		282	GBP		227		(1	)
Brown Brothers Harriman		04/27/20	USD		437	AUD		709		(3	)
Brown Brothers Harriman		04/27/20	USD		451	CAD		638		(2	)
Brown Brothers Harriman		04/27/20	USD		574	CHF		550		(4	)
Brown Brothers Harriman		04/27/20	USD		804	EUR		728		(4	)
Brown Brothers Harriman		04/27/20	USD		1,231	JPY		132,872		1
Brown Brothers Harriman		04/27/20	GBP		175	USD		217		—
Brown Brothers Harriman		04/27/20	GBP		9,170	USD		10,811		(562	)
Brown Brothers Harriman		04/27/20	SGD		11,665	USD		8,064		(134	)
Brown Brothers Harriman		04/27/20	AUD		1,027	USD		629		1
Brown Brothers Harriman		04/27/20	AUD		23,722	USD		14,140		(379	)
Brown Brothers Harriman		04/27/20	DKK		1,244	USD		184		1
Brown Brothers Harriman		04/27/20	DKK		25,343	USD		3,682		(49	)
Brown Brothers Harriman		04/27/20	CHF		1,284	USD		1,343		13
Brown Brothers Harriman		04/27/20	CHF		26,635	USD		27,264		(314	)
Brown Brothers Harriman		04/27/20	EUR		1,882	USD		2,083		16
Brown Brothers Harriman		04/27/20	EUR		37,698	USD		40,907		(491	)
Brown Brothers Harriman		04/27/20	CAD		4,930	USD		3,488		23
Brown Brothers Harriman		04/27/20	CAD		43,670	USD		30,468		(224	)
Brown Brothers Harriman		04/27/20	NOK		64,657	USD		5,947		(216	)
Brown Brothers Harriman		04/27/20	SEK		73,620	USD		7,250		(190	)
Brown Brothers Harriman		04/27/20	HKD		137,706	USD		17,752		(14	)
Brown Brothers Harriman		04/27/20	JPY		6,328,945	USD		57,018		(1,697	)
Brown Brothers Harriman		04/28/20	USD		234	NZD		390		(3	)
Brown Brothers Harriman		04/28/20	NZD		676	USD		407		6
Brown Brothers Harriman		04/28/20	NZD		16,411	USD		9,546		(176	)

									$	(4,399	)


36		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

Percentages are based on a Net Assets of $1,012,554 ($ Thousands).

*	Non-income producing security.

**	The rate reported is the 7-day effective yield as of March 31, 2020.

^‡	Real Estate Investment Trust.

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

(A)	Certain securities or partial positions of certain securities are on loan at March 31, 2020 (see Note 10). The total market value of securities on loan at March 31, 2020, was $1,338 ($ 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 March 31, 2020 was $1,339 ($ Thousands).

AUD — Australian Dollar

CAD — Canadian Dollar

CHF — Swiss Franc

Cl — Class

DKK — Danish Krone

EUR — Euro

FTSE— Financial Times Stock Exchange

GBP — British Pound Sterling

HKD — Hong Kong Dollar

JPY — Japanese Yen

L.P. — Limited Partnership

NOK — Norwegian Krone

NZD — New Zealand Dollar

PLC — Public Limited Company

S&P— Standard & Poor’s

SGD — Singapore Dollar

SEK — Swedish Krona

SPI — Share Price Index

TOPIX - Tokyo Price Index

USD — U.S. Dollar

The following is a list of the level of inputs used as of March 31, 2020, 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		979,718			441			–		980,159
Preferred Stock		448			–			–		448
Affiliated Partnership		–			1,339			–		1,339
Cash Equivalent		23,221			–			–		23,221

Total Investments in Securities		1,003,387			1,780			–		1,005,167


Other Financial Instruments	Level 1 ($)			Level 2 ($)			Level 3 ($)		Total ($)
Futures Contracts*
Unrealized Appreciation		17			–			–		17
Unrealized Depreciation		(230	)		–			–		(230	)
Forwards Contracts*
Unrealized Appreciation		–			65			–		65
Unrealized Depreciation		–			(4,464	)		–		(4,464	)

Total Other Financial Instruments		(213	)		(4,399	)		–		(4,612	)

* Futures contracts and forwards contracts are valued at unrealized appreciation (depreciation) on the instrument.

For the period ended March 31, 2020, there were no transfers in or out of Level 3.

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 period ended March 31, 2020 ($ Thousands):


Security Description	Value 9/30/2019	Purchases at Cost	Proceeds from Sales	Realized Gain/ (Loss)	Change in Unrealized Appreciation/ (Depreciation)	Value 3/31/2020	Shares	Income	Capital Gains
SEI Liquidity Fund, L.P.	$ —	$ 1,339	$ —	$—	$—	$ 1,339	1,338,677	$ —	$—
SEI Daily Income Trust, Government Fund, Cl F	15,286	94,025	(86,090)	—	—	23,221	23,220,524	104	—

Totals	$15,286	$95,364	$(86,090)	$—	$—	$24,560		$104	$—

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

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


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		37

SUMMARY SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

Tax-Managed Managed Volatility 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 — 98.9%

Communication Services — 5.9%
Verizon Communications Inc		2.2	%		352,878	$	18,960
Other Securities		3.7					31,216
							50,176
Consumer Discretionary — 5.4%
AutoZone Inc *		1.0			10,000		8,460
McDonald’s Corp		1.0			50,713		8,385
Target Corp, Cl A		0.7			68,000		6,322
Other Securities (A)		2.7					23,012
							46,179
Consumer Staples — 12.5%
Costco Wholesale Corp		0.8			23,228		6,623
McCormick & Co Inc/MD		0.8			44,527		6,288
PepsiCo Inc		0.9			64,980		7,804
Tyson Foods Inc, Cl A		1.3			183,000		10,590
Walmart Inc		3.0			225,208		25,588
Other Securities		5.7					48,842
							105,735
Energy — 0.7%
Other Securities		0.7					5,708
Financials — 15.0%
Allstate Corp/The		0.7			65,446		6,003
Arch Capital Group Ltd *		0.6			193,014		5,493
Berkshire Hathaway Inc, Cl B *		1.4			64,800		11,847
Cboe Global Markets Inc		0.6			55,379		4,943
CME Group Inc		0.7			34,434		5,954
Everest Re Group Ltd		0.9			40,465		7,786
Popular Inc		0.6			156,945		5,493
Progressive Corp/The		1.0			115,800		8,551
RenaissanceRe Holdings Ltd		1.2			70,799		10,572
Travelers Cos Inc/The		1.0			83,472		8,293
Other Securities ‡		6.3					52,432
							127,367
Health Care — 17.4%
Anthem Inc		1.2			44,047		10,000



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

COMMON STOCK (continued)
Bristol-Myers Squibb Co		0.6	%		91,300	$	5,089
Eli Lilly & Co		1.6			95,629		13,266
Humana Inc *		1.2			32,717		10,274
Johnson & Johnson		2.7			173,142		22,704
Merck & Co Inc		2.3			248,556		19,124
Pfizer Inc		2.3			603,961		19,713
UnitedHealth Group Inc		1.0			35,650		8,890
Other Securities		4.5					38,017
							147,077
Industrials — 8.5%
Lockheed Martin Corp		0.9			23,665		8,021
Northrop Grumman Corp		1.4			40,237		12,174
Raytheon Co		1.0			62,353		8,178
Republic Services Inc		1.3			146,100		10,966
Waste Management Inc		1.4			124,467		11,521
Other Securities		2.5					21,261
							72,121
Information Technology — 15.7%
Amdocs Ltd		1.5			227,100		12,484
Apple Inc		2.3			75,762		19,265
Cisco Systems Inc		1.4			306,400		12,045
Citrix Systems Inc		1.0			58,471		8,277
Intel Corp		2.0			307,300		16,631
Microsoft Corp		1.6			85,745		13,523
Motorola Solutions Inc		1.4			87,963		11,692
Oracle Corp, Cl B		1.0			176,000		8,506
Synopsys Inc *		1.1			74,285		9,567
Other Securities		2.4					20,789
							132,779
Materials — 2.6%
Other Securities		2.6					21,621
Real Estate — 2.3%
Other Securities ^‡		2.3					19,912
Utilities — 12.9%
Ameren Corp		0.6			74,283		5,410
American Electric Power Co Inc		1.2			128,509		10,278
Consolidated Edison Inc		1.3			135,022		10,532
Entergy Corp		1.3			119,200		11,201
Eversource Energy		0.9			92,945		7,269
Exelon Corp		1.0			227,300		8,367
NextEra Energy Inc		1.1			39,553		9,517
Public Service Enterprise Group Inc		1.0			183,544		8,243
WEC Energy Group Inc		1.0			97,840		8,623
Other Securities		3.5					29,473
							108,913
Total Common Stock (Cost $596,219) ($ Thousands)							837,588


38		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020



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

AFFILIATED PARTNERSHIP — 0.0%
SEI Liquidity Fund, L.P. 0.760% **^†(B)		0.0	%		193,569	$	194

Total Affiliated Partnership (Cost $194) ($ Thousands)							194

CASH EQUIVALENT — 0.6%
SEI Daily Income Trust, Government Fund, Cl F 0.290% **^†		0.6			5,188,474		5,188

Total Cash Equivalent (Cost $5,188) ($ Thousands)							5,188

Total Investments in Securities — 99.5% (Cost $601,601)($ Thousands)						$	842,970

A list of the open futures contracts held by the Fund at March 31, 2020, 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		6		Jun-2020	$	730	$	771	$	41

Percentages

are based on a Net Assets of $847,419 ($ Thousands).

*	Non-income producing security.

**	The rate reported is the 7-day effective yield as of March 31, 2020.

^‡	Real Estate Investment Trust.

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

(A)	Certain securities or partial positions of certain securities are on loan at March 31, 2020 (see Note 10). The total market value of securities on loan at March 31, 2020, was $176 ($ 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 March 31, 2020 was $194 ($ Thousands).

Cl — Class

L.P. — Limited Partnership

Ltd. — Limited

S&P— Standard & Poor’s

The following is a list of the level of inputs used as of March 31, 2020, 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

837,588

–

837,588

Affiliated Partnership

–

194

–

194

Cash Equivalent

5,188

–

5,188

Total Investments in Securities

842,776

194

–

842,970

Other Financial Instruments

Level 1

($)

Level 2

($)

Level 3

($)

Total

($)

Futures Contracts*

Unrealized Appreciation

–

Total Other Financial Instruments

–

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

For the period ended March 31, 2020, there were no transfers in or out of Level 3.

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


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		39

SUMMARY SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

Tax-Managed Managed Volatility Fund (Concluded)

The following is a summary of the Fund’s transactions with affiliates for the period ended March 31, 2020 ($ Thousands):


Security Description	Value 9/30/2019	Purchases at Cost	Proceeds from Sales	Realized Gain/ (Loss)	Change in Unrealized Appreciation/ (Depreciation)	Value 3/31/2020	Shares	Income	Capital Gains
SEI Liquidity Fund, L.P.	$ —	$ 194	$ —	$—	$—	$ 194	193,569	$ —	$—
SEI Daily Income Trust, Government Fund, Cl F	18,322	87,078	(100,212)	—	—	5,188	5,188,474	158	—

Totals	$18,322	$87,272	$(100,212)	$—	$—	$5,382		$158	$—

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

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


40		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

SUMMARY SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

Tax-Managed International Managed Volatility Fund

LOGO

^†Percentages are based on total investments.



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

COMMON STOCK — 92.8%

Australia — 5.9%
AGL Energy Ltd	0.9%		275,455	$	2,860
Coca-Cola Amatil Ltd	0.5		297,185		1,608
CSL Ltd	0.5		9,329		1,666
Woolworths Group Ltd	0.6		87,584		1,880
Other Securities ^‡	3.4				11,620
					19,634

Austria — 1.1%
Other Securities	1.1				3,590

Belgium — 1.9%
Colruyt SA	1.0		59,501		3,213
Other Securities	0.9				2,981
					6,194

Canada — 1.8%
TELUS Corp	0.7		147,002		2,298
Other Securities	1.1				3,599
					5,897

Denmark — 2.1%
Coloplast A/S, Cl B	0.5		10,603		1,532
Other Securities	1.6				5,481
					7,013

Finland — 1.6%
Other Securities	1.6				5,191
					5,191

France — 6.2%
Engie SA	0.7		222,681		2,286
Sanofi	1.8		67,684		5,876
Other Securities ^‡	3.7				12,183
					20,345

Germany — 5.2%
Deutsche Telekom AG *	0.5		128,829		1,655



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

COMMON STOCK (continued)

Germany (continued)
Hannover Rueck SE	1.1%		25,075	$	3,590
Merck KGaA	0.8		25,901		2,639
Muenchener Rueckversicherungs- Gesellschaft AG in Muenchen	1.0		17,177		3,434
Other Securities	1.8				5,789
					17,107

Hong Kong — 4.3%
CK Hutchison Holdings Ltd	0.7		352,000		2,360
HK Electric Investments & HK Electric Investments Ltd	0.5		1,743,000		1,674
Other Securities ^‡	3.1				10,105
					14,139

Ireland — 0.1%
Other Securities ^‡	0.1				382

Israel — 1.7%
Other Securities	1.7				5,747

Italy — 2.1%
Enel SpA	0.7		349,777		2,429
Other Securities	1.4				4,541
					6,970

Japan — 23.7%
Astellas Pharma Inc	0.9		191,600		2,957
DCM Holdings Co Ltd	0.5		173,900		1,601
FUJIFILM Holdings Corp	0.6		42,000		2,103
ITOCHU Corp	0.7		105,500		2,170
Itochu Enex Co Ltd	0.2		82,600		642
Japan Post Holdings Co Ltd	0.7		280,900		2,191
JXTG Holdings Inc	0.3		323,000		1,095
KDDI Corp	1.4		154,900		4,573
Mizuho Financial Group Inc	1.0		2,812,800		3,206
Nippo Corp	0.3		49,900		1,094
Nippon Telegraph & Telephone Corp	1.6		217,500		5,191
NTT DOCOMO Inc	0.9		95,000		2,957
Okinawa Cellular Telephone Co	0.0		3,100		103
Softbank Corp	0.5		131,400		1,670
Teijin Ltd	0.6		110,000		1,854
Toyota Motor Corp	0.5		27,400		1,643
Other Securities ^‡	13.0				43,146
					78,196

Luxembourg — 0.0%
Other Securities	0.0				61

Netherlands — 2.3%
Koninklijke Ahold Delhaize NV	1.4		193,274		4,488


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		41

SUMMARY SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

Tax-Managed International Managed Volatility Fund (Concluded)



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

COMMON STOCK (continued)

Netherlands (continued)
NN Group NV	0.5%		66,238	$	1,760
Other Securities	0.4				1,271
					7,519

New Zealand — 1.9%
Fisher & Paykel Healthcare Corp Ltd	0.6		102,485		1,834
Other Securities ^‡	1.3				4,292
					6,126

Norway — 1.2%
Other Securities	1.2				3,873

Portugal — 0.1%
Other Securities	0.1				220

Singapore — 3.3%
DBS Group Holdings Ltd	0.7		167,700		2,167
Oversea-Chinese Banking Corp Ltd	0.5		251,300		1,517
Other Securities ^‡	2.1				7,268
					10,952

Spain — 2.8%
Cia de Distribucion Integral Logista Holdings SA	0.1		28,226		452
Endesa SA	1.1		164,032		3,487
Iberdrola SA	0.8		270,052		2,654
Other Securities	0.8				2,599
					9,192

Sweden — 2.4%
ICA Gruppen AB	0.8		64,209		2,694
Swedish Match AB	0.5		29,845		1,699
Other Securities	1.1				3,629
					8,022

Switzerland — 11.0%
Roche Holding AG	2.7		27,828		8,966
Swiss Life Holding AG	0.8		7,876		2,664
Swiss Prime Site AG	0.5		18,140		1,772
Swisscom AG	0.7		4,303		2,303
Zurich Insurance Group AG	1.1		10,402		3,652
Other Securities	5.2				17,064
					36,421

United Kingdom — 9.5%
BAE Systems PLC	0.6		313,727		2,020
BT Group PLC, Cl A	0.6		1,411,709		2,045
GlaxoSmithKline PLC	1.4		249,825		4,700
Imperial Brands PLC	0.4		78,021		1,440
QinetiQ Group PLC	0.5		414,692		1,654
Tate & Lyle PLC	0.7		298,171		2,409



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

COMMON STOCK (continued)

United Kingdom (continued)
Wm Morrison Supermarkets PLC	0.5%		715,189	$	1,568
Other Securities ^‡	4.8				15,437
					31,273

United States — 0.6%
Other Securities	0.6				1,899

Total Common Stock (Cost $321,086) ($ Thousands)					305,963

CASH EQUIVALENT — 4.9%

SEI Daily Income Trust, Government Fund, Cl F 0.290% **^†	4.9		16,087,856		16,088

Total Cash Equivalent (Cost $16,088) ($ Thousands)					16,088

Total Investments in Securities — 97.7% (Cost $337,174)($ Thousands)				$	322,051


42		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

A list of the open futures contracts held by the Fund at March 31, 2020, is as follows:


Type of Contract	Number of Contracts Long (Short)		Expiration Date		Notional Amount (Thousands)		Value (Thousands)		Unrealized Appreciation (Thousands)
Euro STOXX 50		160		Jun-2020	$	4,503	$	4,823	$	333
FTSE 100 Index		33		Jun-2020		2,161		2,306		138
Hang Seng Index		2		May-2020		306		306		–
SPI 200 Index		17		Jun-2020		1,240		1,329		73
TOPIX Index		25		Jun-2020		3,167		3,249		84

					$	11,377	$	12,013	$	628

Percentages are based on a Net Assets of $329,753 ($ Thousands).

^*	Non-income producing security.

^**	The rate reported is the 7-day effective yield as of March 31, 2020.

^‡	Real Estate Investment Trust.

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

Cl — Class

FTSE— Financial Times and Stock Exchange

PLC — Public Limited Company

SPI — Share Price Index

TOPIX — Tokyo Stock Price Index

The following is a list of the level of inputs used as of March 31, 2020, 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		305,891		72		—		305,963
Cash Equivalent		16,088		—		—		16,088

Total Investments in Securities		321,979		72		—		322,051

Other Financial Instruments

Level 1

($)

Level 2

($)

Level 3

($)

Total

($)

Futures Contracts*

Unrealized Appreciation

628

–

628

Total Other Financial Instruments

628

–

628

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

For the period ended March 31, 2020, there were no transfers in to or out of Level 3.

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 period ended March 31, 2020 ($ Thousands):


Security Description	Value 9/30/2019	Purchases at Cost	Proceeds from Sales	Realized Gain/ (Loss)	Change in Unrealized Appreciation/ (Depreciation)	Value 3/31/2020	Shares	Income	Capital Gains
SEI Daily Income Trust, Government Fund, Cl F	$ 9,481	$ 25,281	$ (18,674)	$ -	$ -	$ 16,088	16,087,856	$ 53	$ -

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

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


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		43

SUMMARY SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

Real Estate Fund

LOGO

^†Percentages are based on total investments.



Description	Percentage of Net Assets (%)			Shares		Market Value ($ Thousands)
COMMON STOCK — 99.0%

Real Estate — 99.0%
American Assets Trust Inc ^‡		0.4	%		14,840	$	371
American Campus Communities Inc ^‡		0.6			19,541		542
American Homes 4 Rent, Cl A ^‡		0.6			25,197		585
American Tower Corp, Cl A ^‡		3.4			14,140		3,079
Americold Realty Trust ^‡		0.8			20,440		696
Apartment Investment & Management Co, Cl A ^‡		1.4			36,324		1,277
AvalonBay Communities Inc ^‡		1.8			10,930		1,609
Boston Properties Inc ^‡		1.9			18,150		1,674
Brixmor Property Group Inc ^‡		0.7			62,540		594
Camden Property Trust ^‡		0.6			7,270		576
Columbia Property Trust Inc ^‡		1.3			93,617		1,170
CoreSite Realty Corp ^‡		0.7			5,650		655
Cousins Properties Inc ^‡		1.7			51,367		1,503
CubeSmart ^‡		0.7			24,711		662
CyrusOne Inc ^‡		2.1			30,690		1,895
Digital Realty Trust Inc, Cl A ^‡		2.5			16,450		2,285
Diversified Healthcare Trust ^‡		0.5			123,330		448
Douglas Emmett Inc ^‡		1.5			43,130		1,316
Empire State Realty Trust Inc, Cl A ^‡		1.1			112,816		1,011
Equinix Inc ^‡		9.7			14,040		8,769
Equity Residential ^‡		5.0			72,736		4,489
Essex Property Trust Inc ^‡		2.4			10,018		2,206
Extra Space Storage Inc ^‡		3.0			28,420		2,721
First Industrial Realty Trust Inc ^‡		1.2			33,869		1,125
Healthpeak Properties Inc ^‡		4.3			161,770		3,858
Highwoods Properties Inc ^‡		0.8			20,557		728
Host Hotels & Resorts Inc ^‡		1.2			100,320		1,108
Hyatt Hotels Corp, Cl A		0.5			9,900		474
Invitation Homes Inc ^‡		3.6			150,797		3,223
Iron Mountain Inc ^‡		0.5			18,980		452
JBG SMITH Properties ^‡		2.6			74,323		2,366
Kilroy Realty Corp ^‡		2.0			28,770		1,833
Life Storage Inc ^‡		1.4			13,176		1,246
Mid-America Apartment Communities Inc ^‡		1.2			10,350		1,066
NexPoint Residential Trust Inc ^‡		0.4			15,000		378
Prologis Inc ^‡		8.3			93,430		7,509
Public Storage ^‡		3.6			16,278		3,233
Retail Opportunity Investments Corp ^‡		1.0			113,250		939
Retail Properties of America Inc, Cl A ^‡		1.1			183,760		950



Description	Percentage of Net Assets (%)			Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Rexford Industrial Realty Inc ^‡		1.3	%		29,490	$	1,209
Sabra Health Care REIT Inc ^‡		1.1			91,880		1,003
SBA Communications Corp, Cl A ^‡		1.4			4,700		1,269
Simon Property Group Inc ^‡		1.4			23,110		1,268
STAG Industrial Inc ^‡		1.5			60,653		1,366
Sun Communities Inc ^‡		3.0			21,547		2,690
Sunstone Hotel Investors Inc ^‡		0.8			81,750		712
UDR Inc ^‡		2.3			55,595		2,031
Urban Edge Properties ^‡		0.8			83,690		737
Ventas Inc ^‡		3.0			101,754		2,727
VEREIT Inc ^‡		1.0			177,790		869
Other Securities ^‡		3.3					2,953
Total Common Stock (Cost $93,133) ($ Thousands)							89,455

CASH EQUIVALENT — 1.3%
SEI Daily Income Trust, Government Fund, Cl F 0.290% **^†		1.3			1,144,991		1,145

Total Cash Equivalent (Cost $1,145) ($ Thousands)							1,145

Total Investments in Securities — 100.3% (Cost $94,278)($ Thousands)						$	90,600

Percentages are based on a Net Assets of $90,352 ($ Thousands).

**	The rate reported is the 7-day effective yield as of March 31, 2020.

^‡	Real Estate Investment Trust.

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

Cl — Class

As of March 31, 2020, 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 period ended March 31, 2020, there were no transfers in or out of Level 3.

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


44		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

The following is a summary of the Fund’s transactions with affiliates for the period ended March 31, 2020 ($ Thousands):


Security Description	Value 9/30/2019	Purchases at Cost	Proceeds from Sales	Realized Gain/ (Loss)	Change in Unrealized Appreciation/ (Depreciation)	Value 3/31/2020	Shares	Income	Capital Gains
SEI Daily Income Trust, Government Fund, Cl F	$1,838	$26,249	$(26,942)	$ -	$ -	$1,145	1,144,991	$24	$ -

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

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


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		45

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

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 — 46.4%

Agency Mortgage-Backed Obligations — 41.3%
FHLMC
10.000%, 03/17/2026	$	1	$	1
7.500%, 05/01/2031 to 02/01/2038		357		408
7.000%, 05/01/2024 to 03/01/2039		180		205
6.500%, 10/01/2031 to 09/01/2039		234		266
6.000%, 07/01/2021 to 09/01/2038		416		463
5.500%, 06/01/2020 to 08/01/2037		252		280
5.000%, 04/01/2020 to 02/01/2049		10,982		11,943
4.500%, 06/01/2027 to 03/01/2050		27,532		29,861
4.000%, 02/01/2034 to 03/01/2050		82,485		89,295
3.500%, 12/01/2033 to 03/01/2050		136,346		145,311
3.000%, 03/01/2031 to 03/01/2050		109,622		115,363
2.500%, 11/01/2027 to 03/01/2050		12,525		13,021
FHLMC CMO, Ser 1997-1983, Cl Z
6.500%, 12/15/2023		168		180
FHLMC CMO, Ser 2001-2277, Cl B
7.500%, 01/15/2031		51		62
FHLMC CMO, Ser 2002-2399, Cl XG
6.500%, 01/15/2032		319		367
FHLMC CMO, Ser 2006-R007, Cl ZA
6.000%, 05/15/2036		885		1,052
FHLMC CMO, Ser 2007-3281, Cl AI, IO
5.725%, VAR ICE LIBOR USD 1 Month+6.430%, 02/15/2037		64		14
FHLMC CMO, Ser 2007-3294, Cl CB
5.500%, 03/15/2037		124		145
FHLMC CMO, Ser 2007-3316, Cl JO, PO
0.000%, 05/15/2037 (A)		2		2



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
FHLMC CMO, Ser 2008-3451, Cl SB, IO
5.325%, VAR ICE LIBOR USD 1 Month+6.030%, 05/15/2038	$	25	$	4
FHLMC CMO, Ser 2010-3621, Cl SB, IO
5.525%, VAR ICE LIBOR USD 1 Month+6.230%, 01/15/2040		45		9
FHLMC CMO, Ser 2011-3947, Cl SG, IO
5.245%, VAR ICE LIBOR USD 1 Month+5.950%, 10/15/2041		620		99
FHLMC CMO, Ser 2012-264, Cl 30
3.000%, 07/15/2042		2,564		2,753
FHLMC CMO, Ser 2012-271, Cl 30
3.000%, 08/15/2042		554		599
FHLMC CMO, Ser 2012-283, Cl IO, IO
3.500%, 10/15/2027		415		30
FHLMC CMO, Ser 2012-4054, Cl SA, IO
5.345%, VAR ICE LIBOR USD 1 Month+6.050%, 08/15/2039		616		117
FHLMC CMO, Ser 2012-4146, Cl DI, IO
3.000%, 12/15/2031		647		42
FHLMC CMO, Ser 2013-4174, Cl SA, IO
5.495%, VAR ICE LIBOR USD 1 Month+6.200%, 05/15/2039		158		11
FHLMC CMO, Ser 2013-4194, Cl BI, IO
3.500%, 04/15/2043		153		16
FHLMC CMO, Ser 2013-4203, Cl PS, IO
5.545%, VAR ICE LIBOR USD 1 Month+6.250%, 09/15/2042		453		69
FHLMC CMO, Ser 2013-4205, Cl PA
1.750%, 05/15/2043		674		698
FHLMC CMO, Ser 2013-4210, Cl Z
3.000%, 05/15/2043		240		239
FHLMC CMO, Ser 2013-4239, Cl IO, IO
3.500%, 06/15/2027		307		22
FHLMC CMO, Ser 2014-328, Cl S4, IO
2.336%, 02/15/2038 (B)		24		1
FHLMC CMO, Ser 2014-4335, Cl SW, IO
5.295%, VAR ICE LIBOR USD 1 Month+6.000%, 05/15/2044		97		19
FHLMC CMO, Ser 2014-4415, Cl IO, IO
2.354%, 04/15/2041 (B)		303		15
FHLMC CMO, Ser 2015-343, Cl F4
2.005%, VAR ICE LIBOR USD 1 Month+0.350%, 10/15/2037		960		957
FHLMC CMO, Ser 2015-4426, Cl QC
1.750%, 07/15/2037		1,099		1,130
FHLMC CMO, Ser 2015-4479, Cl HA
3.750%, 05/15/2039		1,102		1,173
FHLMC CMO, Ser 2016-353, Cl S1, IO
5.295%, VAR ICE LIBOR USD 1 Month+6.000%, 12/15/2046		561		112
FHLMC CMO, Ser 2016-4639, Cl HZ
3.250%, 04/15/2053		1,676		1,888


46		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
FHLMC CMO, Ser 2017-356, Cl 300
3.000%, 09/15/2047	$	2,693	$	2,824
FHLMC CMO, Ser 2017-4705, Cl A
4.500%, 09/15/2042		1,158		1,235
FHLMC CMO, Ser 2017-4742, Cl PA
3.000%, 10/15/2047		4,343		4,588
FHLMC CMO, Ser 2018-4763, Cl CA
3.000%, 09/15/2038		345		370
FHLMC CMO, Ser 2018-4767, Cl KA
3.000%, 03/15/2048		1,616		1,724
FHLMC CMO, Ser 2018-4786, Cl DP
4.500%, 07/15/2042		678		700
FHLMC CMO, Ser 2018-4796, Cl AK
3.000%, 05/15/2048		2,864		2,984
FHLMC CMO, Ser 2018-4802, Cl A
3.000%, 06/15/2048		2,876		3,027
FHLMC CMO, Ser 2018-4813, Cl CJ
3.000%, 08/15/2048		1,180		1,220
FHLMC CMO, Ser 2018-4818, Cl CA
3.000%, 04/15/2048		2,178		2,293
FHLMC CMO, Ser 2018-4846, Cl PA
4.000%, 06/15/2047		564		605
FHLMC CMO, Ser 2018-4846, Cl PF
1.055%, VAR ICE LIBOR USD 1 Month+0.350%, 12/15/2048		326		323
FHLMC CMO, Ser 2019-4880, Cl DA
3.000%, 05/15/2050		1,412		1,501
FHLMC Multiclass Certificates, Ser RR06, Cl BX, IO
1.836%, 05/27/2033 (B)		1,455		245
FHLMC Multiclass Certificates, Ser RR06, Cl AX, IO
1.878%, 10/27/2028 (B)		1,855		246
FHLMC Multifamily Structured Pass Through Certificates, Ser 1513, Cl A3
2.797%, 08/25/2034		100		109
FHLMC Multifamily Structured Pass Through Certificates, Ser K047, Cl A2
3.329%, 05/25/2025 (B)		280		306
FHLMC Multifamily Structured Pass-Through Certificates, Ser 1514, Cl A2
2.859%, 10/25/2034		435		492
FHLMC Multifamily Structured Pass-Through Certificates, Ser K016, Cl X1, IO
1.478%, 10/25/2021 (B)		247		5
FHLMC Multifamily Structured Pass-Through Certificates, Ser K032, Cl X1, IO
0.095%, 05/25/2023 (B)		32,618		110
FHLMC Multifamily Structured Pass-Through Certificates, Ser K064, Cl X1, IO
0.607%, 03/25/2027 (B)		4,930		177



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
FHLMC Multifamily Structured Pass-Through Certificates, Ser K091, Cl A2
3.505%, 03/25/2029	$	1,040	$	1,207
FHLMC Multifamily Structured Pass-Through Certificates, Ser K094, Cl X1, IO
0.881%, 06/25/2029 (B)		1,999		133
FHLMC Multifamily Structured Pass-Through Certificates, Ser K094, Cl XAM, IO
1.148%, 06/25/2029 (B)		4,850		443
FHLMC Multifamily Structured Pass-Through Certificates, Ser K095, Cl X1, IO
0.949%, 06/25/2029 (B)		1,098		78
FHLMC Multifamily Structured Pass-Through Certificates, Ser K095, Cl XAM, IO
1.238%, 06/25/2029 (B)		700		68
FHLMC Multifamily Structured Pass-Through Certificates, Ser K099, Cl X1, IO
1.006%, 09/25/2029 (B)		1,090		74
FHLMC Multifamily Structured Pass-Through Certificates, Ser K158, Cl A3
3.900%, 10/25/2033 (B)		2,000		2,488
FHLMC Multifamily Structured Pass-Through Certificates, Ser K723, Cl X1, IO
0.951%, 08/25/2023 (B)		7,470		191
FHLMC Multifamily Structured Pass-Through Certificates, Ser K735, Cl X1, IO
0.965%, 05/25/2026 (B)		1,599		81
FHLMC Multifamily Structured Pass-Through Certificates, Ser K735, Cl A2
2.862%, 05/25/2026		1,980		2,129
FHLMC Multifamily Structured Pass-Through Certificates, Ser K736, Cl X1, IO
1.312%, 07/25/2026 (B)		2,000		130
FHLMC Multifamily Structured Pass-Through Certificates, Ser KC03, Cl A2
3.499%, 01/25/2026		795		884
FHLMC Multifamily Structured Pass-Through Certificates, Ser KC05, Cl X1, IO
1.204%, 06/25/2027 (B)		3,499		218
FHLMC Multifamily Structured Pass-Through Certificates, Ser KL1P, Cl A2P
2.700%, 10/25/2025		205		224
FHLMC Multifamily Structured Pass-Through Certificates, Ser KL4F, Cl A2AS
3.683%, 10/25/2025 (B)		3,040		3,422
FHLMC Multifamily Structured Pass-Through Certificates, Ser KLU1, Cl A2
2.510%, 12/25/2025		890		953
FHLMC Multifamily Structured Pass-Through Certificates, Ser KLU1, Cl A4
2.854%, 01/25/2031		600		676


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		47

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

Core Fixed Income Fund (Continued)



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
FHLMC Multifamily Structured Pass-Through Certificates, Ser KS07, Cl A2
2.735%, 09/25/2025	$	620	$	655
FHLMC Multifamily Structured Pass-Through Certificates, Ser Q006, Cl APT2
2.522%, 09/25/2026 (B)		4,105		4,263
FHLMC Multifamily Structured Pass-Through Certificates, Ser S8FX, Cl A2
3.291%, 03/25/2027		320		360
FHLMC Multifamily Structured Pass-Through Certificates, Ser X3FX, Cl A2FX
3.000%, 06/25/2027		475		527
FHLMC Structured Agency Credit Risk Debt Notes, Ser 2014-DN1, Cl M2
3.147%, VAR ICE LIBOR USD 1 Month+2.200%, 02/25/2024		191		189
FHLMC Structured Agency Credit Risk Debt Notes, Ser 2014-DN2, Cl M2
2.597%, VAR ICE LIBOR USD 1 Month+1.650%, 04/25/2024		53		52
FHLMC Structured Agency Credit Risk Debt Notes, Ser 2015-DNA2, Cl M2
3.547%, VAR ICE LIBOR USD 1 Month+2.600%, 12/25/2027		3		3
FHLMC Structured Agency Credit Risk Debt Notes, Ser 2017-DNA1, Cl M1
2.147%, VAR ICE LIBOR USD 1 Month+1.200%, 07/25/2029		218		216
FHLMC Structured Pass-Through Certificates, Ser 2007-76, Cl 2A
2.246%, 10/25/2037 (B)		108		120
FNMA
7.500%, 10/01/2037 to 04/01/2039		144		181
7.000%, 09/01/2026 to 02/01/2039		540		622
6.500%, 05/01/2027 to 05/01/2040		207		237
6.000%, 02/01/2023 to 10/01/2040		1,862		2,125
5.500%, 02/01/2021 to 09/01/2056		6,767		7,681
5.000%, 07/01/2033 to 11/01/2049		53,256		58,740
4.500%, 04/01/2025 to 01/01/2059		69,689		76,008
4.200%, 01/01/2029		775		906
4.000%, 08/01/2020 to 01/01/2059		155,693		168,741
3.820%, 07/01/2027		115		131
3.790%, 12/01/2025		1,465		1,541
3.640%, 11/01/2028		300		345
3.590%, 12/01/2020		–		–
3.500%, 07/01/2029 to 03/01/2057		99,156		105,426
3.490%, 02/01/2033		1,315		1,537
3.450%, 05/01/2034		2,365		2,717
3.420%, 09/01/2025		525		580
3.410%, 10/01/2030		791		908
3.350%, 05/01/2029		110		126
3.310%, 05/01/2031		100		115
3.300%, 04/01/2029		100		114



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
3.290%, 09/01/2032	$	640	$	737
3.260%, 05/01/2029 to 10/01/2030		891		1,014
3.240%, 05/01/2029		420		477
3.190%, 05/01/2029 to 05/01/2030		99		111
3.160%, 05/01/2029		287		322
3.120%, 06/01/2035		850		961
3.080%, 04/01/2030		483		543
3.070%, 01/01/2029		190		213
3.050%, 05/01/2024		480		507
3.040%, 04/01/2030		484		542
3.020%, 06/01/2024 to 05/01/2026		1,870		1,953
3.000%, 12/01/2031 to 03/01/2050		97,629		102,698
2.930%, 08/01/2031		800		893
2.920%, 08/01/2031		100		111
2.915%, 08/01/2031		600		670
2.900%, 11/01/2029		500		555
2.870%, 07/01/2031 to 08/01/2031		300		334
2.860%, 08/01/2031		500		558
2.850%, 08/01/2031		1,110		1,236
2.840%, 08/01/2031		100		111
2.820%, 07/01/2027		584		639
2.810%, 08/01/2031		400		444
2.800%, 08/01/2031		200		222
2.790%, 08/01/2029		1,200		1,326
2.770%, 08/01/2031		600		663
2.765%, 08/01/2031		800		883
2.740%, 08/01/2029		300		329
2.670%, 09/01/2031 to 10/01/2034		300		327
2.520%, 10/01/2029		110		119
2.500%, 02/01/2023 to 12/01/2049		16,833		17,474
2.320%, 02/01/2032		200		213
2.300%, 02/01/2030		100		107
2.260%, 02/01/2030 to 03/01/2030		900		949
2.240%, 10/01/2031		200		211
2.140%, 03/26/2030		100		103
2.060%, 03/01/2030		400		418
1.950%, 04/01/2032		100		105
1.923%, 12/25/2030		2,050		310
1.850%, 04/01/2032		100		103
1.700%, 04/01/2030		200		206
1.554%, 11/25/2028		2,325		248
1.497%, 11/25/2028		2,450		248
1.438%, 11/25/2028		1,965		186
0.999%, 11/25/2028		2,185		186
0.988%, 12/25/2027		2,480		124
0.776%, 11/25/2028		2,810		124
FNMA ACES, Ser 2012-M14, Cl X2, IO
0.432%, 09/25/2022 (B)		10,982		143
FNMA ACES, Ser 2014-M2, Cl A2
3.513%, 12/25/2023 (B)		1,422		1,530
FNMA ACES, Ser 2017-M7, Cl A2
2.961%, 02/25/2027 (B)		440		484


48		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
FNMA ACES, Ser 2020-M6 A, Cl A
2.500%, 10/25/2037	$	100	$	110
FNMA ARM
4.006%, VAR 12 Month Treas Avg+1.950%, 11/01/2035		116		117
3.928%, VAR 12 Month Treas Avg+1.864%, 10/01/2035		445		447
3.911%, VAR 12 Month Treas Avg+1.873%, 11/01/2035		420		422
3.844%, VAR 12 Month Treas Avg+1.801%, 10/01/2035		80		80
3.090%, VAR ICE LIBOR USD 12 Month+1.620%, 03/01/2047		899		926
2.961%, VAR ICE LIBOR USD 12 Month+1.598%, 08/01/2047		670		689
2.746%, VAR ICE LIBOR USD 12 Month+1.578%, 06/01/2045		855		860
2.661%, VAR ICE LIBOR USD 12 Month+1.586%, 01/01/2046		3,094		3,146
2.619%, VAR ICE LIBOR USD 12 Month+1.581%, 05/01/2045		678		690
2.611%, VAR ICE LIBOR USD 12 Month+1.587%, 11/01/2045		269		275
FNMA CMO STRIPS, Ser 2012-409, Cl C22, IO
4.500%, 11/25/2039		333		42
FNMA CMO STRIPS, Ser 2012-409, Cl C13, IO
3.500%, 11/25/2041		332		40
FNMA CMO STRIPS, Ser 2012-409, Cl C2, IO
3.000%, 04/25/2027		379		20
FNMA CMO, Ser 1999-11, Cl Z
5.500%, 03/25/2029		171		181
FNMA CMO, Ser 2005-117, Cl LC
5.500%, 11/25/2035		362		383
FNMA CMO, Ser 2005-29, Cl ZA
5.500%, 04/25/2035		200		237
FNMA CMO, Ser 2005-360, Cl 2, IO
5.000%, 08/25/2035		1,025		157
FNMA CMO, Ser 2006-112, Cl ST, IO
5.753%, VAR ICE LIBOR USD 1 Month+6.700%, 11/25/2036		815		82
FNMA CMO, Ser 2008-22, Cl SI, IO
5.483%, VAR ICE LIBOR USD 1 Month+6.430%, 03/25/2037		655		10
FNMA CMO, Ser 2009-103, Cl MB
4.364%, 12/25/2039 (B)		42		43
FNMA CMO, Ser 2009-86, Cl BO, PO
0.000%, 03/25/2037 (A)		1,006		950
FNMA CMO, Ser 2010-150, Cl SK, IO
5.583%, VAR ICE LIBOR USD 1 Month+6.530%, 01/25/2041		269		61
FNMA CMO, Ser 2011-59, Cl NZ
5.500%, 07/25/2041		1,627		1,887



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
FNMA CMO, Ser 2011-87, Cl SG, IO
5.603%, VAR ICE LIBOR USD 1 Month+6.550%, 04/25/2040	$	212	$	23
FNMA CMO, Ser 2011-90, Cl QI, IO
5.000%, 05/25/2034		67		–
FNMA CMO, Ser 2011-96, Cl SA, IO
5.603%, VAR ICE LIBOR USD 1 Month+6.550%, 10/25/2041		910		186
FNMA CMO, Ser 2012-101, Cl BI, IO
4.000%, 09/25/2027		64		4
FNMA CMO, Ser 2012-101, Cl AI, IO
3.000%, 06/25/2027		298		14
FNMA CMO, Ser 2012-118, Cl CI, IO
3.500%, 12/25/2039		306		11
FNMA CMO, Ser 2012-133, Cl CS, IO
5.203%, VAR ICE LIBOR USD 1 Month+6.150%, 12/25/2042		292		56
FNMA CMO, Ser 2012-151, Cl NX
1.500%, 01/25/2043		857		879
FNMA CMO, Ser 2012-28, Cl B
6.500%, 06/25/2039		26		28
FNMA CMO, Ser 2012-35, Cl SC, IO
5.553%, VAR ICE LIBOR USD 1 Month+6.500%, 04/25/2042		162		30
FNMA CMO, Ser 2012-411, Cl A3
3.000%, 08/25/2042		1,686		1,767
FNMA CMO, Ser 2012-414, Cl A35
3.500%, 10/25/2042		2,467		2,750
FNMA CMO, Ser 2012-46, Cl BA
6.000%, 05/25/2042		216		250
FNMA CMO, Ser 2012-70, Cl YS, IO
5.703%, VAR ICE LIBOR USD 1 Month+6.650%, 02/25/2041		49		4
FNMA CMO, Ser 2012-74, Cl SA, IO
5.703%, VAR ICE LIBOR USD 1 Month+6.650%, 03/25/2042		278		50
FNMA CMO, Ser 2012-74, Cl OA, PO
0.000%, 03/25/2042 (A)		21		20
FNMA CMO, Ser 2012-75, Cl AO, PO
0.000%, 03/25/2042 (A)		43		40
FNMA CMO, Ser 2013-11, Cl AP
1.500%, 01/25/2043		2,059		2,063
FNMA CMO, Ser 2013-111, Cl PL
2.000%, 12/25/2042		375		382
FNMA CMO, Ser 2013-124, Cl SB, IO
5.003%, VAR ICE LIBOR USD 1 Month+5.950%, 12/25/2043		464		79
FNMA CMO, Ser 2013-126, Cl CS, IO
5.203%, VAR ICE LIBOR USD 1 Month+6.150%, 09/25/2041		366		50
FNMA CMO, Ser 2013-30, Cl CA
1.500%, 04/25/2043		337		342


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		49

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

Core Fixed Income Fund (Continued)



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
FNMA CMO, Ser 2013-35, Cl CL
3.000%, 02/25/2043	$	6,875	$	7,360
FNMA CMO, Ser 2013-43, Cl BP
1.750%, 05/25/2043		957		992
FNMA CMO, Ser 2013-54, Cl BS, IO
5.203%, VAR ICE LIBOR USD 1 Month+6.150%, 06/25/2043		183		35
FNMA CMO, Ser 2013-73, Cl IA, IO
3.000%, 09/25/2032		448		33
FNMA CMO, Ser 2013-73, Cl IB, IO
3.500%, 07/25/2028		91		7
FNMA CMO, Ser 2013-9, Cl CB
5.500%, 04/25/2042		1,927		2,217
FNMA CMO, Ser 2013-9, Cl SA, IO
5.203%, VAR ICE LIBOR USD 1 Month+6.150%, 03/25/2042		342		58
FNMA CMO, Ser 2013-9, Cl BC
6.500%, 07/25/2042		251		303
FNMA CMO, Ser 2014-47, Cl AI, IO
2.212%, 08/25/2044 (B)		185		12
FNMA CMO, Ser 2014-73, Cl MA
2.500%, 11/25/2044		544		577
FNMA CMO, Ser 2015-55, Cl IO, IO
1.900%, 08/25/2055 (B)		490		25
FNMA CMO, Ser 2015-56, Cl AS, IO
5.203%, VAR ICE LIBOR USD 1 Month+6.150%, 08/25/2045		57		13
FNMA CMO, Ser 2015-84, Cl PA
1.700%, 08/25/2033		2,659		2,741
FNMA CMO, Ser 2016-37, Cl MJ
3.500%, 08/25/2043		423		452
FNMA CMO, Ser 2016-48, Cl MA
2.000%, 06/25/2038		3,533		3,637
FNMA CMO, Ser 2016-57, Cl PC
1.750%, 06/25/2046		4,931		5,083
FNMA CMO, Ser 2016-60, Cl QS, IO
5.153%, VAR ICE LIBOR USD 1 Month+6.100%, 09/25/2046		311		61
FNMA CMO, Ser 2017-13, Cl PA
3.000%, 08/25/2046		1,063		1,139
FNMA CMO, Ser 2017-42, Cl H
3.000%, 11/25/2043		692		725
FNMA CMO, Ser 2017-76, Cl SB, IO
5.153%, VAR ICE LIBOR USD 1 Month+6.100%, 10/25/2057		1,679		265
FNMA CMO, Ser 2017-85, Cl SC, IO
5.253%, VAR ICE LIBOR USD 1 Month+6.200%, 11/25/2047		518		92
FNMA CMO, Ser 2018-14, Cl KC
3.000%, 03/25/2048		1,799		1,918
FNMA CMO, Ser 2018-15, Cl AB
3.000%, 03/25/2048		422		452



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
FNMA CMO, Ser 2018-43, Cl CT
3.000%, 06/25/2048	$	3,552	$	3,709
FNMA CMO, Ser 2018-45, Cl GA
3.000%, 06/25/2048		2,034		2,124
FNMA CMO, Ser 2018-54, Cl KA
3.500%, 01/25/2047		1,852		1,959
FNMA CMO, Ser 2018-79, Cl FA
1.197%, VAR ICE LIBOR USD 1 Month+0.250%, 11/25/2048		–		–
FNMA CMO, Ser 2018-8, Cl KL
2.500%, 03/25/2047		661		690
FNMA CMO, Ser 2019-14, Cl FB
2.055%, VAR ICE LIBOR USD 1 Month+0.400%, 04/25/2059		–		–
FNMA CMO, Ser 2019-18, Cl FH
1.297%, VAR ICE LIBOR USD 1 Month+0.350%, 05/25/2049		–		–
FNMA CMO, Ser 2019-25, Cl PA
3.000%, 05/25/2048		1,106		1,177
FNMA CMO, Ser 2019-25, Cl YF
1.397%, VAR ICE LIBOR USD 1 Month+0.450%, 10/25/2046		–		–
FNMA CMO, Ser 2019-35, Cl A
3.000%, 07/25/2049		916		962
FNMA CMO, Ser 2019-35, Cl MB
3.000%, 07/25/2049		1,213		1,296
FNMA CMO, Ser 2019-67, Cl FB
1.397%, VAR ICE LIBOR USD 1 Month+0.450%, 11/25/2049		–		–
FNMA CMO, Ser 2019-70, Cl FL
1.347%, VAR ICE LIBOR USD 1 Month+0.400%, 12/25/2049		–		–
FNMA CMO, Ser 2019-79, Cl FA
1.447%, VAR ICE LIBOR USD 1 Month+0.500%, 01/25/2050		3,491		3,456
FNMA TBA
5.000%, 04/30/2037 to 05/01/2038		5,870		6,330
4.500%, 04/14/2033 to 05/01/2038		30,465		32,766
4.000%, 04/01/2039 to 05/15/2045		3,571		3,808
3.500%, 04/01/2041 to 05/15/2045		31,399		33,154
3.000%, 05/25/2026 to 05/15/2045		105,861		110,904
2.500%, 05/01/2017 to 06/01/2043		185,044		191,632
2.000%, 05/15/2028 to 04/20/2169		13,200		13,547
FNMA, Ser 2014-M8, Cl X2, IO
0.334%, 06/25/2024 (B)		6,841		146
FNMA, Ser M10, Cl A2
3.384%, 07/25/2028 (B)		6,100		6,782
FNMA, Ser M10, Cl X2, IO
1.826%, 12/25/2030 (B)		5,825		842
FNMA, Ser M12, Cl A1
3.546%, 02/25/2030		2,379		2,624
FNMA, Ser M13, Cl A1
3.697%, 03/25/2030 (B)		1,044		1,170


50		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
FNMA, Ser M15, Cl 1A2
3.700%, 01/25/2036	$	100	$	115
FNMA, Ser M27, Cl A2
2.700%, 11/25/2040		300		340
FNMA, Ser M4, Cl A2
3.610%, 02/25/2031		490		557
FNMA, Ser M5, Cl A2
3.273%, 01/25/2029		930		1,032
FNMA, Ser M6, Cl A2
3.450%, 01/01/2029		1,030		1,149
FNMA, Ser M8, Cl A2
3.061%, 05/25/2027 (B)		200		217
FREMF Mortgage Trust, Ser 2010-K8, Cl B
5.298%, 09/25/2043 (B)(C)		480		479
FREMF Mortgage Trust, Ser 2012-K20, Cl X2A, IO
0.200%, 05/25/2045 (C)		11,430		40
FREMF Mortgage Trust, Ser 2019-KF58, Cl B
3.665%, VAR ICE LIBOR USD 1 Month+2.150%, 01/25/2026 (C)		1,747		1,468
FRESB Mortgage Trust, Ser 2017-SB42, Cl A10F
2.960%, 10/25/2027 (B)		217		224
FRESB Mortgage Trust, Ser 2018-SB50, Cl A10F
3.350%, 04/25/2028 (B)		93		98
GNMA
8.000%, 11/15/2029 to 09/15/2030		43		47
7.500%, 03/15/2029 to 10/15/2037		70		87
7.000%, 09/15/2031		26		31
6.500%, 07/15/2028 to 12/15/2035		1,320		1,531
6.000%, 12/15/2028 to 10/20/2040		2,379		2,673
5.000%, 12/20/2039 to 09/20/2049		19,072		20,598
4.952%, 07/20/2060 (B)		58		58
4.700%, 09/20/2061 (B)		854		873
4.500%, 04/20/2041 to 09/20/2049		35,661		38,206
4.318%, 01/20/2069 (B)		102		103
4.000%, 02/20/2034 to 02/20/2050		45,557		49,032
3.998%, 04/20/2063 (B)		344		347
3.500%, 06/20/2044 to 02/20/2050		33,302		35,329
3.000%, 09/15/2042 to 02/20/2050		24,727		26,220
2.500%, 10/20/2049		–		–
GNMA CMO, Ser 2007-17, Cl IB, IO
5.477%, VAR ICE LIBOR USD 1 Month+6.250%, 04/20/2037		458		85
GNMA CMO, Ser 2007-51, Cl SG, IO
5.807%, VAR ICE LIBOR USD 1 Month+6.580%, 08/20/2037		62		10
GNMA CMO, Ser 2007-78, Cl SA, IO
5.825%, VAR ICE LIBOR USD 1 Month+6.530%, 12/16/2037		551		94



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
GNMA CMO, Ser 2009-66, Cl XS, IO
6.095%, VAR ICE LIBOR USD 1 Month+6.800%, 07/16/2039	$	521	$	89
GNMA CMO, Ser 2010-31, Cl GS, IO
5.727%, VAR ICE LIBOR USD 1 Month+6.500%, 03/20/2039		17		1
GNMA CMO, Ser 2010-4, Cl NS, IO
5.685%, VAR ICE LIBOR USD 1 Month+6.390%, 01/16/2040		4,309		890
GNMA CMO, Ser 2010-85, Cl HS, IO
5.877%, VAR ICE LIBOR USD 1 Month+6.650%, 01/20/2040		41		4
GNMA CMO, Ser 2010-H11, Cl FA
2.613%, VAR ICE LIBOR USD 1 Month+1.000%, 06/20/2060		395		395
GNMA CMO, Ser 2010-H27, Cl FA
2.042%, VAR ICE LIBOR USD 1 Month+0.380%, 12/20/2060		1,210		1,190
GNMA CMO, Ser 2010-H28, Cl FE
2.062%, VAR ICE LIBOR USD 1 Month+0.400%, 12/20/2060		494		487
GNMA CMO, Ser 2011-H08, Cl FD
2.162%, VAR ICE LIBOR USD 1 Month+0.500%, 02/20/2061		245		243
GNMA CMO, Ser 2011-H08, Cl FG
2.142%, VAR ICE LIBOR USD 1 Month+0.480%, 03/20/2061		526		520
GNMA CMO, Ser 2011-H09, Cl AF
2.162%, VAR ICE LIBOR USD 1 Month+0.500%, 03/20/2061		393		389
GNMA CMO, Ser 2012-141, Cl WA
4.526%, 11/16/2041 (B)		334		386
GNMA CMO, Ser 2012-34, Cl SA, IO
5.277%, VAR ICE LIBOR USD 1 Month+6.050%, 03/20/2042		457		99
GNMA CMO, Ser 2012-43, Cl SN, IO
5.895%, VAR ICE LIBOR USD 1 Month+6.600%, 04/16/2042		83		18
GNMA CMO, Ser 2012-66, Cl CI, IO
3.500%, 02/20/2038		297		11
GNMA CMO, Ser 2012-98, Cl SA, IO
5.395%, VAR ICE LIBOR USD 1 Month+6.100%, 08/16/2042		221		47
GNMA CMO, Ser 2012-H25, Cl FA
2.362%, VAR ICE LIBOR USD 1 Month+0.700%, 12/20/2061		6		6
GNMA CMO, Ser 2012-H27, Cl AI, IO
1.813%, VAR ICE LIBOR USD 1 Month0.000%, 10/20/2062		1,248		58
GNMA CMO, Ser 2013-53, Cl OI, IO
3.500%, 04/20/2043		226		23
GNMA CMO, Ser 2013-69, Cl AI, IO
3.500%, 05/20/2043		408		50


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		51

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

Core Fixed Income Fund (Continued)



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
GNMA CMO, Ser 2014-117, Cl SJ, IO
4.827%, VAR ICE LIBOR USD 1 Month+5.600%, 08/20/2044	$	138	$	23
GNMA CMO, Ser 2014-5, Cl SP, IO
5.445%, VAR ICE LIBOR USD 1 Month+6.150%, 06/16/2043		284		37
GNMA CMO, Ser 2014-H10, Cl TA
2.262%, VAR ICE LIBOR USD 1 Month+0.600%, 04/20/2064		550		542
GNMA CMO, Ser 2015-167, Cl OI, IO
4.000%, 04/16/2045		150		22
GNMA CMO, Ser 2015-H10, Cl FC
2.142%, VAR ICE LIBOR USD 1 Month+0.480%, 04/20/2065		360		353
GNMA CMO, Ser 2015-H18, Cl FA
2.112%, VAR ICE LIBOR USD 1 Month+0.450%, 06/20/2065		235		231
GNMA CMO, Ser 2015-H20, Cl FA
2.132%, VAR ICE LIBOR USD 1 Month+0.470%, 08/20/2065		264		259
GNMA CMO, Ser 2016-135, Cl SB, IO
5.395%, VAR ICE LIBOR USD 1 Month+6.100%, 10/16/2046		299		138
GNMA CMO, Ser 2017-167, Cl BQ
2.500%, 08/20/2044		1,398		1,453
GNMA CMO, Ser 2017-H15, Cl KI, IO
2.358%, VAR ICE LIBOR USD 12 Month0.000%, 07/20/2067		834		98
GNMA CMO, Ser 2017-H18, Cl BI, IO
1.756%, VAR ICE LIBOR USD 12 Month0.000%, 09/20/2067		5,432		438
GNMA CMO, Ser 2017-H20, Cl IB, IO
2.222%, VAR ICE LIBOR USD 12 Month0.000%, 10/20/2067		381		39
GNMA CMO, Ser 2017-H22, Cl IC, IO
2.687%, VAR ICE LIBOR USD 12 Month0.000%, 11/20/2067		168		16
GNMA CMO, Ser 2018-H06, Cl PF
1.962%, VAR ICE LIBOR USD 1 Month+0.300%, 02/20/2068		549		540
GNMA CMO, Ser 2018-H07, Cl FD
1.962%, VAR ICE LIBOR USD 1 Month+0.300%, 05/20/2068		970		953
GNMA CMO, Ser 2019-123, Cl A
3.000%, 10/20/2049		498		532
GNMA CMO, Ser 2019-132, Cl NA
3.500%, 09/20/2049		1,760		1,881
GNMA CMO, Ser 2019-31, Cl JC
3.500%, 03/20/2049		1,037		1,093
GNMA CMO, Ser 2019-90, Cl AB
3.000%, 07/20/2049		932		977
GNMA TBA
4.500%, 05/01/2039		2,000		2,123



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
3.000%, 05/01/2043 to 06/01/2043	$	13,325	$	14,067
2.500%, 04/15/2048		3,100		3,240
GNMA, Ser 107, Cl AD
2.695%, 11/16/2047 (B)		567		585
GNMA, Ser 2012-112, Cl IO, IO
0.239%, 02/16/2053 (B)		879		11
GNMA, Ser 2012-152, Cl IO, IO
0.792%, 01/16/2054 (B)		7,164		338
GNMA, Ser 2012-27, Cl IO, IO
0.931%, 04/16/2053 (B)		1,310		33
GNMA, Ser 2013-145, Cl IO, IO
1.038%, 09/16/2044 (B)		815		31
GNMA, Ser 2013-96, Cl IO, IO
0.508%, 10/16/2054 (B)		1,818		38
GNMA, Ser 2014-47, Cl IA, IO
0.132%, 02/16/2048 (B)		178		3
GNMA, Ser 2014-50, Cl IO, IO
0.780%, 09/16/2055 (B)		636		29
GNMA, Ser 2014-92, Cl IX, IO
0.598%, 05/16/2054 (B)		5,039		101
GNMA, Ser 2015-5, Cl IK, IO
0.659%, 11/16/2054 (B)		5,812		193
GNMA, Ser 2019-71, Cl PT
3.000%, 06/20/2049		3,647		3,835
GNMA, Ser 28, Cl AH
2.300%, 11/16/2061		100		100
GNMA, Ser 28, Cl AB
3.150%, 06/16/2060		668		688
GNMA, Ser 41, Cl IO, IO
0.786%, 07/16/2058 (B)		1,782		96

				1,724,104

Non-Agency Mortgage-Backed Obligations — 5.1%
1211 Avenue of the Americas Trust, Ser 2015- 1211, Cl A1A2
3.901%, 08/10/2035 (C)		805		808
Adjustable Rate Mortgage Trust, Ser 2004-2, Cl 3A1
3.133%, 02/25/2035 (B)		506		467
Adjustable Rate Mortgage Trust, Ser 2007-1, Cl 5A31
1.087%, VAR ICE LIBOR USD 1 Month+0.140%, 03/25/2037		1,258		1,017
Alternative Loan Trust, Ser 2006-18CB, Cl A6
24.814%, VAR ICE LIBOR USD 1 Month+28.600%, 07/25/2036		214		356
American Home Mortgage Investment Trust, Ser 2004-4, Cl 4A
3.533%, VAR ICE LIBOR USD 6 Month+2.000%, 02/25/2045		175		168


52		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
American Home Mortgage Investment Trust, Ser 2005-1, Cl 6A
3.675%, VAR ICE LIBOR USD 6 Month+2.000%, 06/25/2045	$	1,542	$	1,464
American Home Mortgage Investment Trust, Ser 2005-4, Cl 5A
3.283%, VAR ICE LIBOR USD 6 Month+1.750%, 11/25/2045		1,072		685
American Home Mortgage Investment Trust, Ser 2006-1, Cl 12A1
1.347%, VAR ICE LIBOR USD 1 Month+0.400%, 03/25/2046		3,652		2,935
Angel Oak Mortgage Trust I, Ser 2019-2, Cl A1
3.628%, 03/25/2049 (B)(C)		452		455
AOA Mortgage Trust, Ser 2015-1177, Cl A
2.957%, 12/13/2029 (C)		930		924
BAMLL Commercial Mortgage Securities Trust, Ser 2018-PARK, Cl A
4.091%, 08/10/2038 (B)(C)		1,790		1,860
BAMLL Re-REMIC Trust, Ser 2016-GG10, Cl AJA
5.825%, 08/10/2045 (B)(C)		1,625		653
Banc of America Funding Trust, Ser 2004-C, Cl 1A1
4.408%, 12/20/2034 (B)		8		7
Banc of America Funding Trust, Ser 2006-G, Cl 2A4
1.353%, VAR ICE LIBOR USD 1 Month+0.580%, 07/20/2036		414		400
BBCMS Trust, Ser 2015-SRCH, Cl A1
3.312%, 08/10/2035 (C)		210		206
BBCMS Trust, Ser CBM, Cl A
1.705%, VAR ICE LIBOR USD 1 Month+1.000%, 07/15/2037 (C)		375		326
BB-UBS Trust, Ser 2012-SHOW, Cl A
3.430%, 11/05/2036 (C)		600		596
BB-UBS Trust, Ser 2012-TFT, Cl A
2.892%, 06/05/2030 (C)		150		150
BCAP LLC Trust, Ser 2009-RR5, Cl 8A1
5.500%, 11/26/2034 (B)(C)		26		26
BCAP LLC Trust, Ser 2015-RR2, Cl 21A1
2.027%, 03/28/2037 (B)(C)		776		757
Bear Stearns Adjustable Rate Mortgage Trust, Ser 2004-2, Cl 14A
3.738%, 05/25/2034 (B)		9		8
Bear Stearns Adjustable Rate Mortgage Trust, Ser 2004-2, Cl 24A
2.750%, 05/25/2034 (B)		74		57
Bear Stearns ALT-A Trust, Ser 2004-6, Cl 1A
1.587%, VAR ICE LIBOR USD 1 Month+0.640%, 07/25/2034		17		17
Bear Stearns ARM Trust, Ser 2003-7, Cl 9A
4.234%, 10/25/2033 (B)		414		359



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
Bear Stearns Asset Backed Securities I Trust, Ser 2005-AC8, Cl A3, IO
6.703%, VAR ICE LIBOR USD 1 Month+7.650%, 11/25/2035	$	3,037	$	960
Bear Stearns Asset-Backed Securities I Trust, Ser 2005-AC6, Cl 1A3
5.500%, 09/25/2035 (B)		984		914
Bear Stearns Commercial Mortgage Securities, Ser 2005-PWR8, Cl X1, IO
0.621%, 06/11/2041 (B)(C)		10		–
Bear Stearns Mortgage Funding Trust, Ser 2007-AR3, Cl 1A1
1.087%, VAR ICE LIBOR USD 1 Month+0.140%, 03/25/2037		4,495		3,657
Benchmark Mortgage Trust, Ser 2018-B1, Cl ASB
3.602%, 01/15/2051 (B)		348		368
BFLD, Ser 2019-DPLO, Cl A
1.795%, VAR ICE LIBOR USD 1 Month+1.090%, 10/15/2034 (C)		845		696
Bunker Hill Loan Depositary Trust, Ser 2019- 1, Cl A1
3.613%, 10/26/2048 (C)		335		328
Bunker Hill Loan Depositary Trust, Ser 2019- 2, Cl A1
2.879%, 07/25/2049 (C)		936		857
Bunker Hill Loan Depositary Trust, Ser 2019- 3, Cl A1
2.724%, 11/25/2059 (C)		1,100		1,063
BX Commercial Mortgage Trust, Ser 2019- XL, Cl A
1.625%, VAR ICE LIBOR USD 1 Month+0.920%, 10/15/2036 (C)		865		822
BX Commercial Mortgage Trust, Ser 2019- XL, Cl F
2.705%, VAR ICE LIBOR USD 1 Month+2.000%, 10/15/2036 (C)		2,589		2,226
BX Commercial Mortgage Trust, Ser IND, Cl H
3.705%, VAR ICE LIBOR USD 1 Month+3.000%, 11/15/2035 (C)		4,102		2,972
BX Trust, Ser 2019-OC11, Cl A
3.202%, 12/09/2041 (C)		610		551
Cali Mortgage Trust, Ser 2019-101C, Cl A
3.957%, 03/10/2029		1,280		1,367
CAMB Commercial Mortgage Trust, Ser 2019- LIFE, Cl A
1.775%, VAR ICE LIBOR USD 1 Month+1.070%, 12/15/2037 (C)		825		753
CD Commercial Mortgage Trust, Ser 2016- CD1, Cl A1
1.443%, 08/10/2049		134		133


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		53

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

Core Fixed Income Fund (Continued)



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
CD Commercial Mortgage Trust, Ser 2017- CD3, Cl A4
3.631%, 02/10/2050	$	310	$	332
CD Commercial Mortgage Trust, Ser 2017- CD4, Cl ASB
3.317%, 05/10/2050		474		493
CD Commercial Mortgage Trust, Ser 2017- CD5, Cl XA, IO
0.898%, 08/15/2050 (B)		8,605		387
CD Commercial Mortgage Trust, Ser 2017- CD6, Cl ASB
3.332%, 11/13/2050		1,156		1,210
CD Mortgage Trust, Ser 2017-CD4, Cl A4
3.514%, 05/10/2050 (B)		522		564
Century Plaza Towers, Ser 2019-CPT, Cl A
2.865%, 11/13/2039 (C)		1,160		1,137
CFCRE Commercial Mortgage Trust, Ser 2016-C3, Cl A1
1.793%, 01/10/2048		143		142
CFCRE Commercial Mortgage Trust, Ser 2017-C8, Cl ASB
3.367%, 06/15/2050		494		515
CFCRE Commercial Mortgage Trust, Ser 2017-C8, Cl A1
1.965%, 06/15/2050		96		95
CFCRE Commercial Mortgage Trust, Ser 2017-C8, Cl A4
3.572%, 06/15/2050		371		386
Chase Mortgage Finance, Ser 2007-A1, Cl 9A1
4.356%, 02/25/2037 (B)		7		7
Chase Mortgage Finance, Ser 2007-A1, Cl 2A1
4.683%, 02/25/2037 (B)		14		13
Chase Mortgage Finance, Ser 2007-A2, Cl 1A1
4.780%, 06/25/2035 (B)		25		22
CHT Mortgage Trust, Ser 2017-CSMO, Cl A
1.635%, VAR ICE LIBOR USD 1 Month+0.930%, 11/15/2036 (C)		490		411
Citigroup Commercial Mortgage Trust, Ser 2013-375P, Cl A
3.251%, 05/10/2035 (C)		240		237
Citigroup Commercial Mortgage Trust, Ser 2019-GC41, Cl A5
2.869%, 08/10/2056		2,680		2,762
Citigroup Global Markets Mortgage Securities VII, Ser 2003-HYB1, Cl A
4.240%, 09/25/2033 (B)		13		11
Citigroup/Deutsche Bank Commercial Mortgage Trust, Ser 2006-CD2, Cl X, IO
0.023%, 01/15/2046 (B)(C)		148		–



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
Citigroup/Deutsche Bank Commercial Mortgage Trust, Ser 2007-CD4, Cl XC, IO
1.300%, 12/11/2049 (B)(C)	$	8	$	–
COLT Funding LLC, Ser 2019-4, Cl A1
2.579%, 11/25/2049 (B)(C)		887		860
COLT Mortgage Loan Trust, Ser 2019-1, Cl A1
3.705%, 03/25/2049 (B)(C)		367		364
COLT Mortgage Loan Trust, Ser 2019-2, Cl A1
3.337%, 05/25/2049 (B)(C)		711		696
COMM Mortgage Trust, Ser 2010-C1, Cl XWB, IO
0.680%, 07/10/2046 (B)(C)		13,060		38
COMM Mortgage Trust, Ser 2012-LC4, Cl A4
3.288%, 12/10/2044		75		76
COMM Mortgage Trust, Ser 2013-300P, Cl A1
4.353%, 08/10/2030 (C)		835		862
COMM Mortgage Trust, Ser 2013-CR12, Cl B
4.762%, 10/10/2046 (B)		120		119
COMM Mortgage Trust, Ser 2013-CR12, Cl C
5.071%, 10/10/2046 (B)		70		64
COMM Mortgage Trust, Ser 2013-CR12, Cl AM
4.300%, 10/10/2046		130		133
COMM Mortgage Trust, Ser 2013-CR6, Cl B
3.397%, 03/10/2046 (C)		299		292
COMM Mortgage Trust, Ser 2014-UBS2, Cl XA, IO
1.170%, 03/10/2047 (B)		1,841		66
COMM Mortgage Trust, Ser 2014-UBS2, Cl A5
3.961%, 03/10/2047		236		246
COMM Mortgage Trust, Ser 2014-UBS3, Cl AM
4.012%, 06/10/2047		285		290
COMM Mortgage Trust, Ser 2015-CR26, Cl A4
3.630%, 10/10/2048		350		364
COMM Mortgage Trust, Ser 2015-LC19, Cl XA, IO
1.127%, 02/10/2048 (B)		5,840		255
COMM Mortgage Trust, Ser 2016-787S, Cl A
3.545%, 02/10/2036 (C)		960		942
COMM Mortgage Trust, Ser 2016-COR1, Cl ASB
2.972%, 10/10/2049		480		492
COMM Mortgage Trust, Ser 2016-GCT, Cl A
2.681%, 08/10/2029 (C)		370		364
COMM Mortgage Trust, Ser 2017-PANW, Cl A
3.244%, 10/10/2029 (C)		410		404
COMM Mortgage Trust, Ser 2019-GC44, Cl A5
2.950%, 08/15/2057		780		806
COMM Mortgage Trust, Ser CBM, Cl A2
2.896%, 02/10/2037 (C)		1,230		1,087
COMM Mortgage Trust, Ser LC6, Cl AM
3.282%, 01/10/2046		465		462


54		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
Commercial Mortgage Pass-Through Certificates, Ser 2012-CR4, Cl AM
3.251%, 10/15/2045	$	590	$	589
Commercial Mortgage Pass-Through Certificates, Ser CR14, Cl B
4.625%, 02/10/2047 (B)		850		864
Connecticut Avenue Securities Trust, Ser 2019-R02, Cl 1M2
3.247%, VAR ICE LIBOR USD 1 Month+2.300%, 08/25/2031 (C)		2,510		2,077
Connecticut Avenue Securities Trust, Ser 2019-R07, Cl 1M2
3.047%, VAR ICE LIBOR USD 1 Month+2.100%, 10/25/2039 (C)		2,710		2,184
Core Industrial Trust, Ser 2019-CORE, Cl A
1.585%, VAR ICE LIBOR USD 1 Month+0.880%, 12/15/2031 (C)		4,255		3,623
Credit Suisse Commercial Mortgage Trust, Ser 2006-C3, Cl AJ
6.213%, 06/15/2038 (B)		35		17
Credit Suisse Commercial Mortgage Trust, Ser 2006-C5, Cl AJ
5.373%, 12/15/2039		244		109
Credit Suisse First Boston Mortgage Securities, Ser 2003-27, Cl 5A3
5.250%, 11/25/2033		30		30
Credit Suisse First Boston Mortgage Securities, Ser 2003-29, Cl 5A1
7.000%, 12/25/2033		37		38
Credit Suisse First Boston Mortgage Securities, Ser 2003-AR24, Cl 2A4
4.266%, 10/25/2033 (B)		757		672
Credit Suisse Mortgage Trust, Ser 2019, Cl B
4.764%, 12/15/2021		3,790		3,418
CSAIL Commercial Mortgage Trust, Ser 2015- C2, Cl A4
3.504%, 06/15/2057		508		526
CSAIL Commercial Mortgage Trust, Ser 2015- C3, Cl A3
3.447%, 08/15/2048		555		573
CSAIL Commercial Mortgage Trust, Ser 2015- C3, Cl A2
3.033%, 08/15/2048		290		289
CSAIL Commercial Mortgage Trust, Ser 2015- C4, Cl A4
3.808%, 11/15/2048		709		747
CSAIL Commercial Mortgage Trust, Ser 2016- C5, Cl ASB
3.533%, 11/15/2048		202		210
CSMC Trust, Ser 2017-CHOP, Cl G
6.055%, VAR ICE LIBOR USD 1 Month+5.350%, 07/15/2032 (C)		1,000		835



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
CSMC Trust, Ser 2017-PFHP, Cl A
1.655%, VAR ICE LIBOR USD 1 Month+0.950%, 12/15/2030 (C)	$	1,190	$	1,006
CSMC Trust, Ser 2017-RPL3, Cl A1
4.000%, 08/01/2057 (B)(C)		–		–
CSMC Trust, Ser 2018-J1, Cl A2
3.500%, 02/25/2048 (B)(C)		6,879		6,988
CSMC, Ser 2014-11R, Cl 9A2
1.767%, VAR ICE LIBOR USD 1 Month+0.140%, 10/27/2036 (C)		2,620		1,839
CSMC, Ser 2014-7R, Cl 8A1
3.807%, 07/27/2037 (B)(C)		230		222
CSMC, Ser 2014-USA, Cl A2
3.953%, 09/15/2037 (C)		2,135		2,110
CSMC, Ser 2014-USA, Cl E
4.373%, 09/15/2037 (C)		290		212
CSMC, Ser 2015-5R, Cl 1A1
2.973%, 09/27/2046 (B)(C)		345		347
DBCCRE Mortgage Trust, Ser 2014-ARCP, Cl A
4.238%, 01/10/2034 (C)		1,175		1,182
DBCCRE Mortgage Trust, Ser 2018-ARCP, Cl C
4.935%, 01/10/2034 (B)(C)		315		314
DBJPM Mortgage Trust, Ser 2017-C6, Cl ASB
3.121%, 06/10/2050		281		290
DBUBS Mortgage Trust, Ser 2011-LC2A, Cl A4
4.537%, 07/10/2044 (C)		100		101
DC Office Trust, Ser 2019-MTC, Cl A
2.965%, 09/15/2045 (C)		1,240		1,167
Downey Savings & Loan Association Mortgage Loan Trust, Ser 2004-AR2, Cl A2B
1.550%, VAR ICE LIBOR USD 1 Month+0.800%, 11/19/2044		584		482
EverBank Mortgage Loan Trust, Ser 2018-1, Cl A22
3.500%, 02/25/2048 (B)(C)		707		713
FHLMC Structured Agency Credit Risk Debt Notes, Ser 2016-DNA2, Cl M3
5.597%, VAR ICE LIBOR USD 1 Month+4.650%, 10/25/2028		313		298
FHLMC Structured Agency Credit Risk Debt Notes, Ser 2017-DNA1, Cl M2
4.197%, VAR ICE LIBOR USD 1 Month+3.250%, 07/25/2029		1,065		937
Flagstar Mortgage Trust, Ser 2018-2, Cl A4
3.500%, 04/25/2048 (B)(C)		1,766		1,786
FNMA Connecticut Avenue Securities, Ser 2014-C03, Cl 1M2
3.947%, VAR ICE LIBOR USD 1 Month+3.000%, 07/25/2024		3,493		3,196
FWDSecuritization Trust, Ser 2019-INV1, Cl A1
2.810%, 06/25/2049 (B)(C)		1,198		1,188


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		55

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

Core Fixed Income Fund (Continued)



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
GCAT, Ser 2019-NQM1, Cl A1
2.985%, 02/25/2059 (C)	$	351	$	344
GNMA
4.500%, 08/20/2049		2,583		2,741
4.000%, 01/20/2048 to 01/20/2050		5,879		6,262
3.000%, 04/20/2045 to 03/20/2050		11,644		12,362
GS Mortgage Securities II, Ser 2010-C1, Cl A2
4.592%, 08/10/2043 (C)		749		751
GS Mortgage Securities II, Ser 2017-SLP, Cl C
3.924%, 10/10/2032 (C)		1,310		1,165
GS Mortgage Securities II, Ser GC30, Cl B
4.043%, 05/10/2050 (B)		480		465
GS Mortgage Securities Trust, Ser 2006-GG8,
Cl X, IO
0.978%, 11/10/2039 (B)(C)		233		1
GS Mortgage Securities Trust, Ser 2006-GG8, Cl AJ
5.622%, 11/10/2039		183		138
GS Mortgage Securities Trust, Ser 2012-GC6, Cl A3
3.482%, 01/10/2045		502		508
GS Mortgage Securities Trust, Ser 2012-GCJ7, Cl AAB
2.935%, 05/10/2045		27		27
GS Mortgage Securities Trust, Ser 2013- GC16, Cl B
5.161%, 11/10/2046 (B)		270		281
GS Mortgage Securities Trust, Ser 2014-GC18, Cl A3
3.801%, 01/10/2047		386		399
GS Mortgage Securities Trust, Ser 2014- GC26, Cl B
4.215%, 11/10/2047 (B)		680		660
GS Mortgage Securities Trust, Ser 2015- GC34, Cl A4
3.506%, 10/10/2048		571		603
GS Mortgage Securities Trust, Ser 2018-SRP5
3.281%, 06/09/2021		2,900		2,714
GS Mortgage Securities Trust, Ser GC28, Cl A5
3.396%, 02/10/2048		233		241
GS Mortgage-Backed Securities Trust, Ser 2018-RPL1, Cl A1A
3.750%, 10/25/2057 (C)		4,626		4,701
GSMPS Mortgage Loan Trust, Ser 1998-1, Cl A
8.000%, 09/19/2027 (B)(C)		15		14
GSR Mortgage Loan Trust, Ser 2003-13, Cl 1A1
4.273%, 10/25/2033 (B)		178		163
GSR Mortgage Loan Trust, Ser 2004-8F, Cl 2A3
6.000%, 09/25/2034		17		17



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
GSR Mortgage Loan Trust, Ser 2007-1F, Cl 2A4
5.500%, 01/25/2037	$	6	$	7
HarborView Mortgage Loan, Ser 2004-3, Cl 1A
4.093%, 05/19/2034 (B)		756		706
Hudson Yards Mortgage Trust, Ser 2019- 30HY, Cl A
3.228%, 07/10/2039 (C)		1,225		1,294
Hudson Yards Mortgage Trust, Ser 2019- 55HY, Cl A
2.943%, 12/10/2041 (B)(C)		1,240		1,285
Impac Secured Assets Trust, Ser 2006-2, Cl 2A1
1.297%, VAR ICE LIBOR USD 1 Month+0.350%, 08/25/2036		9		9
Impact Funding, Ser 2010-1, Cl A1
5.314%, 01/25/2051 (C)		1,114		1,202
JPMBB Commercial Mortgage Securities Trust, Ser 2013-C17, Cl B
4.892%, 01/15/2047 (B)		130		132
JPMBB Commercial Mortgage Securities Trust, Ser 2014-C22, Cl C
4.554%, 09/15/2047 (B)		120		105
JPMBB Commercial Mortgage Securities Trust, Ser 2014-C23, Cl A4
3.670%, 09/15/2047		541		568
JPMBB Commercial Mortgage Securities Trust, Ser 2015-C28, Cl A3
2.912%, 10/15/2048		2,581		2,612
JPMBB Commercial Mortgage Securities Trust, Ser 2015-C28, Cl A2
2.773%, 10/15/2048		156		156
JPMBB Commercial Mortgage Securities Trust, Ser 2015-C33, Cl A4
3.770%, 12/15/2048		272		290
JPMDB Commercial Mortgage Securities Trust, Ser 2017-C5, Cl ASB
3.492%, 03/15/2050		187		196
JPMDB Commercial Mortgage Securities Trust, Ser 2017-C5, Cl A3
3.597%, 03/15/2050		250		262
JPMDB Commercial Mortgage Securities Trust, Ser 2018-C8, Cl ASB
4.145%, 06/15/2051		575		625
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2006-CB15, Cl X1, IO
0.040%, 06/12/2043 (B)		575		1
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2007-CB19, Cl AJ
5.683%, 02/12/2049 (B)		205		75


56		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2007-LD12, Cl AJ
6.467%, 02/15/2051 (B)	$	2	$	2
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2011-C5, Cl B
5.419%, 08/15/2046 (B)(C)		296		300
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2014-C20, Cl C
4.603%, 07/15/2047 (B)		380		336
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2016-JP2, Cl A1
1.324%, 08/15/2049		217		216
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2017-JP6, Cl ASB
3.283%, 07/15/2050		529		550
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2018-BCON, Cl B
3.756%, 01/05/2031 (B)(C)		1,305		1,280
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2018-PHH, Cl A
1.615%, VAR ICE LIBOR USD 1 Month+0.910%, 06/15/2035 (C)		1,129		999
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2019-OSB, Cl A
3.397%, 06/05/2039 (C)		1,500		1,425
JPMorgan Mortgage Trust, Ser 2006-A2, Cl 4A1
4.670%, 08/25/2034 (B)		53		51
JPMorgan Mortgage Trust, Ser 2006-A2, Cl 5A3
4.115%, 11/25/2033 (B)		26		24
JPMorgan Mortgage Trust, Ser 2015-5, Cl A9
3.053%, 05/25/2045 (B)(C)		109		109
JPMorgan Mortgage Trust, Ser 2018-4, Cl A1
3.500%, 10/25/2048 (B)(C)		721		740
JPMorgan Mortgage Trust, Ser 2018-5, Cl A1
3.500%, 10/25/2048 (B)(C)		2,082		2,119
LB-UBS Commercial Mortgage Trust, Ser 2006-C1, Cl XCL, IO
0.380%, 02/15/2041 (B)(C)		319		–
Lehman XS Trust, Ser 2007-16N, Cl 2A2
1.797%, VAR ICE LIBOR USD 1 Month+0.850%, 09/25/2047		4,329		3,568
Lone Star Portfolio Trust, Ser 2015-LSP, Cl E
6.555%, VAR ICE LIBOR USD 1 Month+5.850%, 09/15/2028 (C)		376		329
Master Resecuritization Trust, Ser 2005, Cl 3, PO
0.000%, 05/28/2035 (A)(C)		4		3
MASTR Reperforming Loan Trust, Ser 2005-1, Cl 1A1
6.000%, 08/25/2034 (C)		1,328		735



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
Merrill Lynch Mortgage Investors Trust, Ser 2003-A4, Cl 2A
4.518%, 07/25/2033 (B)	$	11	$	10
Merrill Lynch Mortgage Investors Trust, Ser 2004-A1, Cl 4A
4.000%, 02/25/2034 (B)		40		35
Merrill Lynch/Countrywide Commercial Mortgage Trust, Ser 2006-4, Cl XC, IO
0.376%, 12/12/2049 (B)(C)		40		–
ML-CFC Commercial Mortgage Trust, Ser 2007-5, Cl AJFL
5.450%, 08/12/2048 (B)(C)		19		11
ML-CFC Commercial Mortgage Trust, Ser 2007-5, Cl AJ
5.450%, 08/12/2048 (B)		143		83
ML-CFC Commercial Mortgage Trust, Ser 2007-9, Cl AJ
5.853%, 09/12/2049 (B)		185		69
Morgan Stanley BAML Trust, Ser 2012-CKSV, Cl A2
3.277%, 10/15/2030 (C)		758		764
Morgan Stanley Bank of America Merrill Lynch Trust, Ser 2012-C6, Cl B
3.930%, 11/15/2045		390		386
Morgan Stanley Bank of America Merrill Lynch Trust, Ser 2013-C10, Cl A4
4.083%, 07/15/2046 (B)		92		97
Morgan Stanley Bank of America Merrill Lynch Trust, Ser 2013-C9, Cl AS
3.456%, 05/15/2046		80		80
Morgan Stanley Bank of America Merrill Lynch Trust, Ser 2015-C20, Cl A4
3.249%, 02/15/2048		138		141
Morgan Stanley Bank of America Merrill Lynch Trust, Ser 2015-C25, Cl A5
3.635%, 10/15/2048		250		260
Morgan Stanley Bank of America Merrill Lynch Trust, Ser 2015-C25, Cl ASB
3.383%, 10/15/2048		295		306
Morgan Stanley Bank of America Merrill Lynch Trust, Ser 2015-C27, Cl A4
3.753%, 12/15/2047		155		162
Morgan Stanley Capital I Trust, Ser 2006- IQ12, Cl AJ
5.399%, 12/15/2043		74		49
Morgan Stanley Capital I Trust, Ser 2007- HQ11, Cl X, IO
0.217%, 02/12/2044 (B)(C)		41		–
Morgan Stanley Capital I Trust, Ser 2007- IQ16, Cl AJ
6.149%, 12/12/2049 (B)		107		63


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		57

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

Core Fixed Income Fund (Continued)



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
Morgan Stanley Capital I Trust, Ser 2007-T27, Cl AJ
5.945%, 06/11/2042 (B)	$	1,426	$	1,423
Morgan Stanley Capital I Trust, Ser 2011-C1, Cl C
5.375%, 09/15/2047 (B)(C)		905		886
Morgan Stanley Capital I Trust, Ser 2016-BNK2, Cl XA, IO
1.068%, 11/15/2049 (B)		3,387		163
Morgan Stanley Capital I Trust, Ser 2016-UB11, Cl A1
1.445%, 08/15/2049		273		271
Morgan Stanley Capital I Trust, Ser 2016-UB11, Cl ASB
2.606%, 08/15/2049		468		474
Morgan Stanley Capital I Trust, Ser 2017-ASHF, Cl A
1.555%, VAR ICE LIBOR USD 1 Month+0.850%, 11/15/2034 (C)		38		33
Morgan Stanley Capital I Trust, Ser 2019-BPR, Cl A
2.105%, VAR ICE LIBOR USD 1 Month+1.400%, 05/15/2036 (C)		1,720		1,562
Morgan Stanley Capital I, Ser 2018-H3, Cl A5
4.177%, 07/15/2051		158		174
MSCG Trust, Ser 2015-ALDR, Cl A2
3.462%, 06/07/2035 (B)(C)		250		240
MSCG Trust, Ser 2016-SNR, Cl C
5.205%, 11/15/2034 (C)		255		246
Natixis Commercial Mortgage Securities Trust, Ser 2020 2PAC, Cl A
2.966%, 12/15/2038 (C)		1,260		1,213
NCUA Guaranteed Notes Trust CMO, Ser 2010-R3, Cl 3A
2.400%, 12/08/2020		33		33
New Residential Mortgage Loan Trust, Ser 2017-1A, Cl A1
4.000%, 02/25/2057 (B)(C)		1,139		1,179
New Residential Mortgage Loan Trust, Ser 2019-NQM2, Cl A1
3.600%, 04/25/2049 (B)(C)		463		459
New Residential Mortgage Loan Trust, Ser 2019-NQM4, Cl A1
2.492%, 09/25/2059 (B)(C)		746		735
Nomura Asset Acceptance Alternative Loan Trust, Ser 2007-1, Cl 1A3
5.957%, 03/25/2047		90		84
Nomura Asset Acceptance Alternative Loan Trust, Ser 2007-1, Cl 1A4
6.138%, 03/25/2047		74		69
OBX Trust, Ser 2018-1, Cl A2
1.597%, VAR ICE LIBOR USD 1 Month+0.650%, 06/25/2057 (C)		343		320



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
OBX Trust, Ser 2019-EXP1, Cl 1A3
4.000%, 01/25/2059 (B)(C)	$	652	$	651
OBX Trust, Ser 2019-INV1, Cl A8
4.000%, 11/25/2048 (B)(C)		917		911
OBX Trust, Ser 2020-EXP1, Cl 2A1A
1.697%, VAR ICE LIBOR USD 1 Month+0.750%, 02/25/2060 (C)		1,592		1,510
One Bryant Park Trust, Ser 2019-OBP, Cl A
2.516%, 09/15/2054 (C)		1,570		1,565
Prime Mortgage Trust, Ser 2004-CL1, Cl 1A1
6.000%, 02/25/2034		17		17
Prime Mortgage Trust, Ser 2004-CL1, Cl 1, PO
0.000%, 02/25/2034 (A)		5		4
Prime Mortgage Trust, Ser 2006-DR1, Cl 2A1
5.500%, 05/25/2035 (C)		998		563
Radnor RE, Ser 2018-1, Cl M2
3.647%, VAR ICE LIBOR USD 1 Month+2.700%, 03/25/2028 (C)		7,270		7,329
RAMP Trust, Ser 2004-SL1, Cl A8
6.500%, 11/25/2031		213		207
RBSCF Trust, Ser 2013-GSP, Cl A
3.834%, 01/15/2032 (B)(C)		920		921
Residential Asset Securitization Trust, Ser 2004-IP2, Cl 2A1
4.068%, 12/25/2034 (B)		341		295
Residential Mortgage Loan Trust, Ser 2019-3, Cl A1
2.633%, 09/25/2059		2,437		2,343
Rosslyn Portfolio Trust, Ser 2017-R17, Cl A
1.939%, VAR ICE LIBOR USD 1 Month+0.950%, 06/15/2033 (C)		330		290
Seasoned Credit Risk Transfer Trust, Ser 2016-1, Cl M2
3.750%, 09/25/2055 (B)(C)		2,960		2,282
SFAVE Commercial Mortgage Securities Trust, Ser 2015-5AVE, Cl A1
3.872%, 01/05/2043 (B)(C)		390		360
SFAVE Commercial Mortgage Securities Trust, Ser 2015-5AVE, Cl A2B
4.144%, 01/05/2043 (B)(C)		175		153
SG Residential Mortgage Trust, Ser 2019-3, Cl A1
2.703%, 09/25/2059 (B)(C)		848		819
Silverstone Master Issuer, Ser 2018-1A, Cl 1A
2.209%, VAR ICE LIBOR USD 3 Month+0.390%, 01/21/2070 (C)		198		195
Starwood Mortgage Residential Trust, Ser 2019-INV1, Cl A1
2.610%, 09/27/2049 (B)(C)		839		799
Starwood Mortgage Residential Trust, Ser 2020-1, Cl A1
2.275%, 02/25/2050 (B)(C)		1,477		1,417


58		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
Structured Asset Mortgage Investments II Trust, Ser 2007-AR3, Cl 2A1
1.137%, VAR ICE LIBOR USD 1 Month+0.190%, 09/25/2047	$	4,861	$	4,045
Structured Asset Securities Mortgage Pass-Through Certificates, Ser 2003-24A, Cl 3A2
4.017%, 07/25/2033 (B)		61		56
Structured Asset Securities Mortgage Pass-Through Certificates, Ser 2003-37A, Cl 2A
4.085%, 12/25/2033 (B)		17		15
Towd Point Mortgage Trust, Ser 2019-4, Cl A1
2.900%, 10/25/2059 (B)(C)		1,550		1,516
UBS-Barclays Commercial Mortgage Trust, Ser 2012-C4, Cl D
4.476%, 12/10/2045 (B)(C)		670		595
Verus Securitization Trust, Ser 2019-1, Cl A1
3.836%, 02/25/2059 (B)(C)		370		359
Verus Securitization Trust, Ser 2019-2, Cl A1
3.211%, 05/25/2059 (B)(C)		1,616		1,583
Verus Securitization Trust, Ser 2019-3, Cl A1
2.784%, 07/25/2059 (C)		1,641		1,609
Verus Securitization Trust, Ser 2019-4, Cl A1
2.642%, 11/25/2059 (C)		2,331		2,360
Verus Securitization Trust, Ser 2019-INV1, Cl A1
3.402%, 12/25/2059 (B)(C)		657		629
Verus Securitization Trust, Ser 2019-INV2, Cl A1
2.913%, 07/25/2059 (B)(C)		829		816
Verus Securitization Trust, Ser 2019-INV3, Cl A1
2.692%, 11/25/2059 (B)(C)		979		948
Visio Trust, Ser 2019-1, Cl A1
3.572%, 06/25/2054 (B)(C)		418		395
VNDO Mortgage Trust, Ser 2012-6AVE, Cl C
3.337%, 11/15/2030 (B)(C)		987		922
VNO Mortgage Trust, Ser 2012-6AVE, Cl A
2.996%, 11/15/2030 (C)		110		109
WaMu Mortgage Pass-Through Certificates, Ser 2003-AR10, Cl A7
4.183%, 10/25/2033 (B)		40		36
WaMu Mortgage Pass-Through Certificates, Ser 2003-AR7, Cl A7
4.434%, 08/25/2033 (B)		20		18
WaMu Mortgage Pass-Through Certificates, Ser 2003-AR9, Cl 1A6
4.314%, 09/25/2033 (B)		39		34
WaMu Mortgage Pass-Through Certificates, Ser 2003-S4, Cl 2A10
14.859%, VAR ICE LIBOR USD 1 Month+17.463%, 06/25/2033		7		8



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
WaMu Mortgage Pass-Through Certificates, Ser 2003-S9, Cl A8
5.250%, 10/25/2033	$	88	$	89
WaMu Mortgage Pass-Through Certificates, Ser 2004-AR3, Cl A2
4.374%, 06/25/2034 (B)		24		21
WaMu Mortgage Pass-Through Certificates, Ser 2004-RA4, Cl 3A
7.500%, 07/25/2034		73		75
WaMu Mortgage Pass-Through Certificates, Ser 2005-AR13, Cl A1A3
1.727%, VAR ICE LIBOR USD 1 Month+0.780%, 10/25/2045		353		325
WaMu Mortgage Pass-Through Certificates, Ser 2005-AR15, Cl A1A1
1.207%, VAR ICE LIBOR USD 1 Month+0.260%, 11/25/2045		3,904		3,570
WaMu Mortgage Pass-Through Certificates, Ser 2007-OA1, Cl A1A
2.666%, VAR 12 Month Treas Avg+0.700%, 02/25/2047		1,693		1,345
Washington Mutual Mortgage Pass-Through Certificates Trust, Ser 2007-OA2, Cl 2A
2.666%, VAR 12 Month Treas Avg+0.700%, 01/25/2047		981		730
Waterfall Commercial Mortgage Trust, Ser 2015-SBC5, Cl A
4.104%, 09/14/2022 (B)(C)		372		362
Wells Fargo Commercial Mortgage Trust, Ser 2012-LC5, Cl C
4.693%, 10/15/2045 (B)		780		724
Wells Fargo Commercial Mortgage Trust, Ser 2013-LC12, Cl B
4.283%, 07/15/2046 (B)		20		20
Wells Fargo Commercial Mortgage Trust, Ser 2014-LC18, Cl A5
3.405%, 12/15/2047		570		584
Wells Fargo Commercial Mortgage Trust, Ser 2016-C36, Cl XA, IO
1.306%, 11/15/2059 (B)		5,482		329
Wells Fargo Mortgage Backed Securities Trust, Ser 2005-AR7, Cl B1
5.021%, 05/25/2035 (B)		2,148		1,585
Wells Fargo Mortgage-Backed Securities Trust, Ser 2015-5R, Cl 2A1
3.796%, 03/26/2035 (B)(C)		109		109
WFRBS Commercial Mortgage Trust, Ser 2012-C7, Cl XA, IO
1.336%, 06/15/2045 (B)(C)		611		13
WFRBS Commercial Mortgage Trust, Ser 2013-C13, Cl XA, IO
1.194%, 05/15/2045 (B)(C)		852		25


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		59

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

Core Fixed Income Fund (Continued)



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
WFRBS Commercial Mortgage Trust, Ser 2014-C19, Cl B
4.723%, 03/15/2047 (B)	$	110	$	110
WFRBS Commercial Mortgage Trust, Ser 2014-C21, Cl B
4.213%, 08/15/2047 (B)		300		293
WinWater Mortgage Loan Trust, Ser 2015-5, Cl A5
3.500%, 08/20/2045 (B)(C)		1,213		1,205

				210,699
Total Mortgage-Backed Securities (Cost $1,917,962) ($ Thousands)				1,934,803

CORPORATE OBLIGATIONS — 31.0%

Communication Services — 2.6%
AT&T
6.500%, 09/01/2037		1,335		1,612
6.000%, 08/15/2040		1,770		2,164
5.375%, 10/15/2041		563		638
5.350%, 12/15/2043		205		236
5.250%, 03/01/2037		2,771		3,233
5.150%, 03/15/2042		25		29
5.150%, 02/15/2050		754		900
4.900%, 08/15/2037		300		334
4.850%, 03/01/2039		1,076		1,207
4.800%, 06/15/2044		2,870		3,130
4.750%, 05/15/2046		1,100		1,216
4.500%, 05/15/2035		75		80
4.500%, 03/09/2048		480		520
4.350%, 03/01/2029		240		259
4.350%, 06/15/2045		850		898
4.300%, 02/15/2030		231		248
3.950%, 01/15/2025 (D)		300		317
3.900%, 03/11/2024		363		381
3.875%, 08/15/2021		552		556
3.800%, 02/15/2027		583		608
3.600%, 02/17/2023		624		641
3.550%, 06/01/2024		785		814
3.400%, 05/15/2025		4,466		4,646
3.000%, 02/15/2022		519		523
3.000%, 06/30/2022		1,021		1,030
CCO Holdings
4.500%, 05/01/2032 (C)		240		234
Charter Communications Operating
6.834%, 10/23/2055		70		83
6.484%, 10/23/2045		110		133
6.384%, 10/23/2035		700		831
5.750%, 04/01/2048		777		881
5.375%, 04/01/2038		843		909
5.375%, 05/01/2047		423		457



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
4.908%, 07/23/2025	$	3,150	$	3,344
4.800%, 03/01/2050		1,632		1,698
4.464%, 07/23/2022		319		331
4.200%, 03/15/2028		763		780
3.750%, 02/15/2028		85		85
3.579%, 07/23/2020		400		399
Comcast
7.050%, 03/15/2033		90		127
6.500%, 11/15/2035		480		700
4.950%, 10/15/2058		247		334
4.700%, 10/15/2048		30		39
4.600%, 10/15/2038		827		1,012
4.400%, 08/15/2035		1,770		2,123
4.250%, 10/15/2030		560		652
4.200%, 08/15/2034		220		251
4.150%, 10/15/2028		2,552		2,865
4.000%, 03/01/2048		70		83
3.999%, 11/01/2049		199		235
3.969%, 11/01/2047		78		89
3.950%, 10/15/2025		590		642
3.750%, 04/01/2040		216		244
3.700%, 04/15/2024 (D)		1,523		1,634
3.450%, 02/01/2050		380		416
3.400%, 04/01/2030		2,550		2,764
3.300%, 04/01/2027		498		535
3.250%, 11/01/2039		60		62
3.150%, 03/01/2026		160		168
3.100%, 04/01/2025		666		707
2.650%, 02/01/2030		992		1,021
Comcast Cable Communications Holdings
9.455%, 11/15/2022		180		212
Comcast Cable Holdings
10.125%, 04/15/2022		45		52
Corning
5.450%, 11/15/2079		775		795
Discovery Communications
5.000%, 09/20/2037		775		753
DISH DBS
7.750%, 07/01/2026		130		134
5.875%, 11/15/2024		580		564
Fox
5.476%, 01/25/2039 (C)		520		603
4.709%, 01/25/2029 (C)		80		88
3.500%, 04/08/2030		330		329
3.050%, 04/07/2025		205		205
NBCUniversal Media
5.950%, 04/01/2041		305		418
Sky
3.750%, 09/16/2024 (C)		1,090		1,130
Sprint
7.875%, 09/15/2023		110		121
7.250%, 02/01/2028 (C)		450		452


60		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Sprint Capital
8.750%, 03/15/2032	$	460	$	608
Sprint Spectrum
5.152%, 03/20/2028 (C)		1,597		1,701
4.738%, 03/20/2025 (C)		4,110		4,192
3.360%, 09/20/2021 (C)		3,178		3,162
Telefonica Emisiones
5.462%, 02/16/2021		23		24
5.213%, 03/08/2047		150		168
5.134%, 04/27/2020		662		662
Verizon Communications
5.500%, 03/16/2047		105		144
5.250%, 03/16/2037		805		1,022
5.150%, 09/15/2023		315		350
4.862%, 08/21/2046		470		613
4.522%, 09/15/2048		1,006		1,288
4.500%, 08/10/2033		620		731
4.400%, 11/01/2034		3,249		3,792
4.329%, 09/21/2028		1,970		2,241
4.272%, 01/15/2036		224		260
4.125%, 03/16/2027		870		967
4.125%, 08/15/2046		325		376
4.016%, 12/03/2029		1,680		1,887
4.000%, 03/22/2050		170		201
3.875%, 02/08/2029 (D)		210		232
3.850%, 11/01/2042		550		615
3.500%, 11/01/2024 (D)		492		523
3.376%, 02/15/2025		218		233
3.150%, 03/22/2030		2,258		2,432
3.000%, 03/22/2027		980		1,032
2.625%, 08/15/2026 (D)		1,000		1,032
ViacomCBS
5.850%, 09/01/2043		237		243
4.950%, 01/15/2031		620		610
4.750%, 05/15/2025		1,581		1,588
4.600%, 01/15/2045		65		55
4.250%, 09/01/2023 (D)		130		133
3.875%, 04/01/2024		130		127
3.700%, 08/15/2024		810		791
Vodafone Group
5.250%, 05/30/2048		1,810		2,181
4.875%, 06/19/2049		1,544		1,703
4.375%, 05/30/2028		890		940
4.250%, 09/17/2050 (D)		1,536		1,579
Walt Disney
6.650%, 11/15/2037		235		339
6.200%, 12/15/2034 (D)		65		90
4.700%, 03/23/2050		2,545		3,326
4.625%, 03/23/2040		626		759
3.800%, 03/22/2030		503		565
3.700%, 03/23/2027		403		445
3.350%, 03/24/2025		1,138		1,240



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
2.750%, 09/01/2049	$	152	$	149
2.000%, 09/01/2029 (D)		661		641
1.750%, 08/30/2024		992		994
				107,930

Consumer Discretionary — 2.0%
Amazon.com
4.950%, 12/05/2044		500		705
4.050%, 08/22/2047		380		495
3.875%, 08/22/2037		300		358
3.150%, 08/22/2027 (D)		680		744
2.800%, 08/22/2024 (D)		245		260
BMW US Capital
3.100%, 04/12/2021 (C)		215		214
1.850%, 09/15/2021 (C)		100		98
Comcast
3.600%, 03/01/2024		310		331
3.400%, 07/15/2046		60		65
Cox Communications
4.800%, 02/01/2035 (C)		890		966
3.250%, 12/15/2022 (C)		540		547
Daimler Finance North America
3.350%, 05/04/2021 (C)		1,025		1,015
2.700%, 06/14/2024 (C)		595		574
2.200%, 10/30/2021 (C)		2,580		2,474
2.125%, 03/10/2025 (C)		976		898
Fiat Chrysler Automobiles
4.500%, 04/15/2020		200		199
Ford Motor
5.291%, 12/08/2046		99		59
4.750%, 01/15/2043		584		331
4.346%, 12/08/2026		17		13
Ford Motor Credit
5.875%, 08/02/2021		2,005		1,965
5.596%, 01/07/2022		4,350		4,209
5.085%, 01/07/2021		1,000		975
4.271%, 01/09/2027		1,342		1,144
4.250%, 09/20/2022		1,000		930
4.063%, 11/01/2024		1,072		973
3.815%, 11/02/2027		261		217
3.813%, 10/12/2021		945		907
3.810%, 01/09/2024		300		272
3.339%, 03/28/2022		1,530		1,423
3.219%, 01/09/2022		1,990		1,856
2.728%, VAR ICE LIBOR USD 3 Month+0.880%, 10/12/2021		1,040		956
2.710%, VAR ICE LIBOR USD 3 Month+0.810%, 04/05/2021		1,625		1,503
2.645%, VAR ICE LIBOR USD 3 Month+1.270%, 03/28/2022		1,100		894
2.343%, 11/02/2020		2,770		2,659


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		61

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

Core Fixed Income Fund (Continued)



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
General Motors
6.600%, 04/01/2036	$	670	$	583
6.250%, 10/02/2043		260		205
5.950%, 04/01/2049		670		495
5.400%, 04/01/2048		482		351
5.150%, 04/01/2038		240		174
4.875%, 10/02/2023		1,995		1,778
2.542%, VAR ICE LIBOR USD 3 Month+0.800%, 08/07/2020		1,000		983
General Motors Financial
4.375%, 09/25/2021		735		677
4.350%, 01/17/2027		110		88
4.250%, 05/15/2023		110		99
4.200%, 11/06/2021		1,435		1,370
4.150%, 06/19/2023		83		76
3.950%, 04/13/2024		83		75
3.450%, 04/10/2022		415		390
3.200%, 07/13/2020		118		118
3.200%, 07/06/2021		1,835		1,747
3.150%, 06/30/2022		870		784
2.900%, 02/26/2025		403		348
2.450%, 11/06/2020		210		204
Hanesbrands
4.875%, 05/15/2026 (C)(D)		210		206
4.625%, 05/15/2024 (C)		30		30
Home Depot
4.250%, 04/01/2046		48		57
3.900%, 06/15/2047		60		66
3.750%, 02/15/2024 (D)		66		70
3.350%, 04/15/2050		360		376
3.300%, 04/15/2040		240		246
3.125%, 12/15/2049		1,119		1,104
2.950%, 06/15/2029		58		60
2.700%, 04/01/2023		310		319
2.700%, 04/15/2030		2,693		2,738
2.500%, 04/15/2027		403		406
Kohl’s
5.550%, 07/17/2045		910		616
Las Vegas Sands
3.200%, 08/08/2024		960		866
Lennar
5.000%, 06/15/2027		30		27
4.750%, 11/29/2027		460		459
4.500%, 04/30/2024		170		167
Lowe’s
5.125%, 04/15/2050		1,096		1,323
5.000%, 04/15/2040		497		567
4.500%, 04/15/2030		2,340		2,579
4.000%, 04/15/2025		711		760
McDonald’s MTN
4.875%, 12/09/2045		260		304
4.450%, 03/01/2047		240		260



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
4.450%, 09/01/2048	$	72	$	80
4.200%, 04/01/2050		250		280
3.800%, 04/01/2028		665		704
3.700%, 01/30/2026 (D)		140		146
3.625%, 09/01/2049		700		706
3.600%, 07/01/2030		290		304
3.500%, 03/01/2027		400		416
2.625%, 09/01/2029		532		512
2.125%, 03/01/2030		92		85
1.450%, 09/01/2025		675		643
Newell Brands
4.450%, 04/01/2026		110		108
4.100%, 04/01/2023		278		282
NIKE
3.375%, 03/27/2050		1,063		1,160
3.250%, 03/27/2040		280		293
2.850%, 03/27/2030		758		801
2.750%, 03/27/2027		319		331
2.400%, 03/27/2025		479		498
NVR
3.950%, 09/15/2022		700		700
O’Reilly Automotive
4.200%, 04/01/2030		671		694
QVC
5.950%, 03/15/2043		30		20
4.850%, 04/01/2024		645		558
4.750%, 02/15/2027		550		487
Sands China
5.400%, 08/08/2028		320		300
5.125%, 08/08/2025 (D)		650		623
4.600%, 08/08/2023 (D)		610		624
Starbucks
4.450%, 08/15/2049		360		413
3.750%, 12/01/2047		151		145
3.350%, 03/12/2050		120		113
2.250%, 03/12/2030		1,632		1,535
2.000%, 03/12/2027		332		313
Target
2.650%, 09/15/2030		234		241
2.350%, 02/15/2030		1,001		1,000
2.250%, 04/15/2025		1,835		1,872
Time Warner Cable
7.300%, 07/01/2038		530		650
6.750%, 06/15/2039		10		11
6.550%, 05/01/2037		369		414
5.875%, 11/15/2040		130		137
5.500%, 09/01/2041		1,599		1,670
Time Warner Entertainment
8.375%, 07/15/2033		270		372
TJX
3.750%, 04/15/2027		2,255		2,309


62		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Toll Brothers Finance
4.375%, 04/15/2023	$	120	$	114
Toyota Motor Credit MTN
2.900%, 03/30/2023		2,185		2,198
2.150%, 02/13/2030		670		621
University of Chicago
2.761%, 04/01/2045		1,320		1,245
ViacomCBS
6.875%, 04/30/2036		620		698
4.375%, 03/15/2043		99		88
VOC Escrow
5.000%, 02/15/2028 (C)		380		278
Volkswagen Group of America Finance
2.700%, 09/26/2022 (C)(D)		805		779
				83,951

Consumer Staples — 2.2%
Alimentation Couche-Tard
3.800%, 01/25/2050 (C)		585		513
3.550%, 07/26/2027 (C)		650		636
Altria Group
6.200%, 02/14/2059		190		209
5.950%, 02/14/2049 (D)		490		567
5.800%, 02/14/2039		630		690
4.800%, 02/14/2029		1,168		1,216
4.750%, 05/05/2021		200		204
4.400%, 02/14/2026		2,435		2,562
3.875%, 09/16/2046		240		216
3.800%, 02/14/2024		290		294
3.490%, 02/14/2022		260		266
2.850%, 08/09/2022		190		191
Anheuser-Busch
4.900%, 02/01/2046		2,634		2,869
4.700%, 02/01/2036		957		1,002
3.650%, 02/01/2026		1,135		1,190
Anheuser-Busch InBev Finance
3.300%, 02/01/2023		740		762
Anheuser-Busch InBev Worldwide
5.800%, 01/23/2059		545		667
5.550%, 01/23/2049		705		829
5.450%, 01/23/2039		1,375		1,582
4.750%, 01/23/2029		200		221
4.600%, 04/15/2048		1,391		1,472
4.150%, 01/23/2025		2,006		2,153
4.000%, 04/13/2028		180		190
3.750%, 07/15/2042		230		231
2.500%, 07/15/2022		158		158
Bacardi
4.700%, 05/15/2028 (C)		1,015		1,084
BAT Capital
5.282%, 04/02/2050		1,487		1,490
4.906%, 04/02/2030		523		536



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
4.700%, 04/02/2027	$	697	$	708
4.540%, 08/15/2047		3,276		2,982
4.390%, 08/15/2037		123		113
3.557%, 08/15/2027		2,700		2,543
3.222%, 08/15/2024		1,028		989
3.215%, 09/06/2026		1,654		1,573
2.764%, 08/15/2022		164		161
Coca-Cola
4.200%, 03/25/2050		1,085		1,417
4.125%, 03/25/2040		100		122
3.375%, 03/25/2027		494		545
2.950%, 03/25/2025		826		885
Constellation Brands
4.400%, 11/15/2025		465		469
3.700%, 12/06/2026		277		272
3.600%, 02/15/2028		518		507
3.500%, 05/09/2027		234		219
3.200%, 02/15/2023		167		166
3.150%, 08/01/2029		474		440
Costco Wholesale
3.000%, 05/18/2027 (D)		284		301
2.750%, 05/18/2024		183		192
Danone
2.947%, 11/02/2026 (C)		2,476		2,472
2.589%, 11/02/2023 (C)		1,370		1,358
2.077%, 11/02/2021 (C)		230		230
Diageo Capital
4.828%, 07/15/2020		1,450		1,461
Diageo Investment
2.875%, 05/11/2022 (D)		370		373
Estee Lauder
3.125%, 12/01/2049		124		120
2.375%, 12/01/2029		157		152
Hershey
2.050%, 11/15/2024		690		687
JM Smucker
2.375%, 03/15/2030		435		403
Keurig Dr Pepper
4.417%, 05/25/2025 (D)		280		298
Kimberly-Clark
3.100%, 03/26/2030		159		172
Kraft Heinz Foods
7.125%, 08/01/2039 (C)		189		216
5.200%, 07/15/2045		1,535		1,476
5.000%, 06/04/2042		2,790		2,642
4.875%, 10/01/2049 (C)		2,635		2,396
4.375%, 06/01/2046		3,415		3,076
3.950%, 07/15/2025		130		129
3.000%, 06/01/2026		410		398
Kroger
5.400%, 01/15/2049		735		884
3.950%, 01/15/2050		120		124


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		63

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

Core Fixed Income Fund (Continued)



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Lamb Weston Holdings
4.625%, 11/01/2024 (C)	$	70	$	69
Land O’ Lakes
6.000%, 11/15/2022 (C)		1,020		1,058
Mars
3.200%, 04/01/2030 (C)		210		219
2.700%, 04/01/2025 (C)		370		380
Molson Coors Brewing
3.500%, 05/01/2022		100		100
Mondelez International Holdings Netherlands BV
2.000%, 10/28/2021 (C)		2,970		2,957
Nestle Holdings
3.500%, 09/24/2025 (C)(D)		450		484
3.350%, 09/24/2023 (C)		440		464
PepsiCo
4.250%, 10/22/2044		100		115
4.000%, 03/05/2042		160		176
3.875%, 03/19/2060		120		151
3.625%, 03/19/2050		572		679
3.100%, 07/17/2022		59		61
3.000%, 08/25/2021		31		32
2.875%, 10/15/2049		160		166
2.625%, 03/19/2027		318		334
2.250%, 03/19/2025		633		657
Pernod Ricard
4.450%, 01/15/2022 (C)		550		565
Philip Morris International
4.500%, 03/20/2042		130		145
2.900%, 11/15/2021		370		372
2.875%, 05/01/2024		1,780		1,813
2.500%, 08/22/2022		590		592
2.500%, 11/02/2022		680		683
Procter & Gamble
3.600%, 03/25/2050		530		651
3.550%, 03/25/2040		360		420
3.000%, 03/25/2030		3,105		3,449
2.800%, 03/25/2027		502		536
Reckitt Benckiser Treasury Services
2.750%, 06/26/2024 (C)		1,860		1,843
Reynolds American
8.125%, 05/01/2040		570		643
5.850%, 08/15/2045		3,509		3,769
3.250%, 06/12/2020		216		215
Sysco
6.600%, 04/01/2050		343		360
5.950%, 04/01/2030		343		360
3.550%, 03/15/2025		335		340
Walgreens Boots Alliance
4.800%, 11/18/2044		1,100		1,091
3.450%, 06/01/2026		1,590		1,571
3.300%, 11/18/2021		912		925



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Walmart
4.050%, 06/29/2048	$	8	$	10
3.950%, 06/28/2038		783		930
3.700%, 06/26/2028		2,361		2,650
3.550%, 06/26/2025		701		765
3.400%, 06/26/2023 (D)		223		236
3.300%, 04/22/2024		60		64
3.250%, 07/08/2029		80		88
3.050%, 07/08/2026		632		680
				91,539
Energy — 2.8%
Apache
5.250%, 02/01/2042		50		23
5.100%, 09/01/2040 (D)		285		126
4.750%, 04/15/2043		420		186
4.375%, 10/15/2028 (D)		310		166
4.250%, 01/15/2030		80		41
4.250%, 01/15/2044		890		385
3.250%, 04/15/2022		86		65
Berkshire Hathaway Energy
4.250%, 10/15/2050 (C)		1,613		1,827
BG Energy Capital
4.000%, 10/15/2021 (C)		1,485		1,491
Blue Racer Midstream
6.125%, 11/15/2022 (C)		230		172
BP Capital Markets
3.561%, 11/01/2021		50		50
3.535%, 11/04/2024		100		103
3.506%, 03/17/2025 (D)		520		539
BP Capital Markets America
3.937%, 09/21/2028		208		222
3.796%, 09/21/2025 (D)		656		671
3.410%, 02/11/2026		1,110		1,109
3.245%, 05/06/2022		250		253
3.216%, 11/28/2023		2,075		2,124
3.119%, 05/04/2026		230		232
3.000%, 02/24/2050		1,357		1,261
Cameron LNG
3.302%, 01/15/2035 (C)		900		779
2.902%, 07/15/2031 (C)		180		158
Canadian Natural Resources
6.450%, 06/30/2033		50		42
3.900%, 02/01/2025		224		186
Cenovus Energy
4.250%, 04/15/2027 (D)		–		–
Chevron
3.191%, 06/24/2023		22		23
2.895%, 03/03/2024		560		577
2.355%, 12/05/2022		15		15
Cimarex Energy
4.375%, 06/01/2024		210		165


64		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
4.375%, 03/15/2029 (D)	$	982	$	658
3.900%, 05/15/2027		970		650
CNOOC Finance 2015 USA
4.375%, 05/02/2028		360		398
CNOOC Nexen Finance
4.250%, 04/30/2024		200		213
3.500%, 05/05/2025 (D)		780		821
Concho Resources
4.375%, 01/15/2025		170		142
4.300%, 08/15/2028		850		734
3.750%, 10/01/2027 (D)		620		526
Conoco Funding
7.250%, 10/15/2031		180		228
ConocoPhillips
5.900%, 10/15/2032 (D)		10		12
5.900%, 05/15/2038		420		482
4.150%, 11/15/2034		280		302
Continental Resources
4.500%, 04/15/2023		490		272
4.375%, 01/15/2028		760		351
3.800%, 06/01/2024		400		206
DCP Midstream Operating
6.450%, 11/03/2036 (C)		110		53
Devon Energy
7.875%, 09/30/2031		660		481
5.850%, 12/15/2025		1,213		959
5.600%, 07/15/2041		1,029		633
5.000%, 06/15/2045		922		589
4.750%, 05/15/2042		37		22
Diamondback Energy
5.375%, 05/31/2025		240		177
3.500%, 12/01/2029		270		184
3.250%, 12/01/2026		50		35
Ecopetrol
5.875%, 05/28/2045		1,493		1,323
4.125%, 01/16/2025		203		189
Enbridge
3.125%, 11/15/2029		1,229		1,118
2.500%, 01/15/2025		1,716		1,554
Energy Transfer Operating
8.250%, 11/15/2029		1,490		1,520
6.750%, VAR US Treas Yield Curve Rate T Note Const Mat 5 Yr+5.134%(E)		360		220
6.500%, 02/01/2042		45		41
6.250%, 04/15/2049		130		111
6.125%, 12/15/2045		143		128
5.500%, 06/01/2027		118		103
5.300%, 04/15/2047		245		186
5.250%, 04/15/2029		1,165		966
5.150%, 03/15/2045		414		320
5.000%, 05/15/2050		2,550		1,985
4.950%, 06/15/2028		180		149



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
3.750%, 05/15/2030	$	1,874	$	1,444
2.900%, 05/15/2025		600		502
Energy Transfer Partners
6.050%, 06/01/2041		159		138
4.500%, 11/01/2023		690		620
Eni
4.000%, 09/12/2023 (C)		1,940		1,883
Enterprise Products Operating
7.550%, 04/15/2038		40		46
5.700%, 02/15/2042		40		42
4.850%, 03/15/2044		30		31
4.800%, 02/01/2049		60		60
4.200%, 01/31/2050		1,659		1,583
4.150%, 10/16/2028		1,605		1,600
3.950%, 01/31/2060		569		478
3.700%, 01/31/2051		586		517
3.125%, 07/31/2029		628		578
2.800%, 01/31/2030		1,081		971
EOG Resources
4.150%, 01/15/2026 (D)		320		328
3.900%, 04/01/2035 (D)		390		392
EQM Midstream Partners
5.500%, 07/15/2028		80		44
Equinor
3.250%, 11/18/2049		480		472
Equities
3.900%, 10/01/2027 (D)		355		245
Exxon Mobil
4.327%, 03/19/2050		2,190		2,681
4.227%, 03/19/2040		270		316
4.114%, 03/01/2046		533		630
3.482%, 03/19/2030		1,370		1,513
3.095%, 08/16/2049 (D)		1,055		1,068
3.043%, 03/01/2026		660		698
2.992%, 03/19/2025		4,060		4,300
2.726%, 03/01/2023		310		320
2.397%, 03/06/2022		100		101
Halliburton
5.000%, 11/15/2045 (D)		80		62
4.850%, 11/15/2035		60		47
3.800%, 11/15/2025		45		42
3.500%, 08/01/2023		3		3
Hess
7.125%, 03/15/2033		121		97
6.000%, 01/15/2040 (D)		2,816		2,128
KazMunayGas National JSC
5.750%, 04/19/2047 (C)		340		337
Kinder Morgan
5.550%, 06/01/2045		300		306
5.300%, 12/01/2034		500		481
5.200%, 03/01/2048		690		684
5.050%, 02/15/2046		190		185


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		65

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

Core Fixed Income Fund (Continued)



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
4.300%, 06/01/2025 (D)	$	510	$	520
4.300%, 03/01/2028		200		196
3.150%, 01/15/2023		193		188
Kinder Morgan Energy Partners
5.500%, 03/01/2044		415		412
3.500%, 03/01/2021		190		188
Marathon Petroleum
4.750%, 12/15/2023		270		256
4.500%, 04/01/2048		322		232
3.625%, 09/15/2024		889		788
MPLX
5.500%, 02/15/2049		522		440
5.200%, 12/01/2047 (C)		138		115
4.875%, 12/01/2024		320		261
4.800%, 02/15/2029		330		291
4.700%, 04/15/2048		430		333
4.500%, 04/15/2038		520		406
4.250%, 12/01/2027 (C)		322		260
National Oilwell Varco
2.600%, 12/01/2022		352		318
Noble Energy
5.250%, 11/15/2043		260		153
5.050%, 11/15/2044		502		310
4.950%, 08/15/2047		891		519
4.200%, 10/15/2049		475		261
3.850%, 01/15/2028		200		141
3.250%, 10/15/2029		50		29
Northwest Pipeline
4.000%, 04/01/2027		219		217
Oasis Petroleum
6.875%, 03/15/2022		40		8
6.875%, 01/15/2023 (D)		40		8
Occidental Petroleum
7.875%, 09/15/2031		610		324
7.500%, 05/01/2031 (D)		870		449
6.950%, 07/01/2024		298		168
6.600%, 03/15/2046		360		168
6.450%, 09/15/2036		595		285
5.550%, 03/15/2026		220		116
4.850%, 03/15/2021		226		190
4.625%, 06/15/2045		280		119
4.500%, 07/15/2044		525		226
4.400%, 04/15/2046		140		59
4.200%, 03/15/2048		170		73
4.100%, 02/15/2047 (D)		580		245
3.500%, 06/15/2025		45		23
3.500%, 08/15/2029 (D)		480		227
3.400%, 04/15/2026 (D)		270		130
3.125%, 02/15/2022		330		241
3.000%, 02/15/2027		350		162
2.900%, 08/15/2024		1,635		895
2.700%, 08/15/2022		460		328



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
2.700%, 02/15/2023	$	129	$	76
2.684%, VAR ICE LIBOR USD 3 Month+0.950%, 02/08/2021		740		586
2.600%, 08/13/2021		660		519
Ovintiv
6.625%, 08/15/2037 (D)		179		78
6.500%, 02/01/2038 (D)		338		147
Pertamina Persero
6.000%, 05/03/2042 (C)		300		316
Petrobras Global Finance BV
7.375%, 01/17/2027		310		318
6.900%, 03/19/2049		1,550		1,505
6.850%, 06/05/2115		820		775
6.250%, 03/17/2024		1,394		1,379
6.125%, 01/17/2022		45		45
5.750%, 02/01/2029		300		283
5.299%, 01/27/2025		1,278		1,217
Petroleos Mexicanos
7.690%, 01/23/2050 (C)		1,330		918
6.950%, 01/28/2060 (C)		827		554
6.625%, 06/15/2035		1,797		1,232
6.500%, 03/13/2027		135		99
6.375%, 01/23/2045		990		626
6.350%, 02/12/2048		1,427		892
5.950%, 01/28/2031 (C)		1,935		1,342
5.625%, 01/23/2046		480		297
5.500%, 06/27/2044		120		74
4.875%, 01/18/2024		32		25
2.460%, 12/15/2025		1,107		1,139
2.378%, 04/15/2025		558		572
Petroleos Mexicanos MTN
6.875%, 08/04/2026		120		91
6.750%, 09/21/2047		2,970		1,935
Plains All American Pipeline
4.900%, 02/15/2045		143		96
4.650%, 10/15/2025		1,485		1,195
3.550%, 12/15/2029		748		511
2.850%, 01/31/2023		250		215
QEP Resources
6.875%, 03/01/2021		130		66
Range Resources
5.875%, 07/01/2022		4		3
5.000%, 03/15/2023 (D)		430		314
4.875%, 05/15/2025		120		71
Rockies Express Pipeline
6.875%, 04/15/2040 (C)		830		499
4.950%, 07/15/2029 (C)		2,235		1,357
Ruby Pipeline
6.500%, 04/01/2022 (C)		1,286		1,135
Sabine Pass Liquefaction
5.750%, 05/15/2024		2,280		2,111
5.625%, 03/01/2025		1,200		1,101


66		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
5.000%, 03/15/2027	$	570	$	484
Saudi Arabian Oil MTN
2.875%, 04/16/2024 (C)		970		942
Schlumberger Finance Canada
2.650%, 11/20/2022 (C)		670		632
Schlumberger Holdings
3.900%, 05/17/2028 (C)(D)		475		441
Schlumberger Investment
3.650%, 12/01/2023		61		61
3.300%, 09/14/2021 (C)		47		48
Shell International Finance BV
4.550%, 08/12/2043		280		325
4.375%, 05/11/2045		470		543
4.125%, 05/11/2035		1,761		2,043
2.875%, 05/10/2026 (D)		900		927
2.125%, 05/11/2020		56		56
2.000%, 11/07/2024 (D)		612		608
Sinopec Group Overseas Development
4.375%, 04/10/2024 (C)		1,240		1,319
Southern Natural Gas
8.000%, 03/01/2032		170		204
Spectra Energy Partners
5.950%, 09/25/2043		30		33
3.500%, 03/15/2025		815		760
Sunoco Logistics Partners Operations
5.400%, 10/01/2047		643		512
5.350%, 05/15/2045		510		400
5.300%, 04/01/2044		494		388
3.900%, 07/15/2026		750		627
Targa Resources Partners
5.500%, 03/01/2030 (C)		130		100
TC PipeLines
3.900%, 05/25/2027		2,400		2,266
Tennessee Gas Pipeline
8.375%, 06/15/2032		1,140		1,375
2.900%, 03/01/2030 (C)		2,361		1,994
TransCanada PipeLines
4.625%, 03/01/2034		1,097		1,053
4.250%, 05/15/2028		524		529
Transcontinental Gas Pipe Line
7.850%, 02/01/2026		60		68
Western Midstream Operating
5.500%, 08/15/2048		54		21
5.375%, 06/01/2021		25		20
5.300%, 03/01/2048		162		65
5.250%, 02/01/2050		483		200
4.650%, 07/01/2026		40		20
4.500%, 03/01/2028 (D)		60		29
4.050%, 02/01/2030		1,643		715
4.000%, 07/01/2022		35		23
3.100%, 02/01/2025		1,129		576



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
2.698%, VAR ICE LIBOR USD 3 Month+0.850%, 01/13/2023	$	130	$	69
Williams
7.875%, 09/01/2021		735		736
7.750%, 06/15/2031 (D)		841		894
7.500%, 01/15/2031		100		116
5.750%, 06/24/2044		51		53
5.400%, 03/04/2044		84		74
4.500%, 11/15/2023		45		42
3.900%, 01/15/2025		987		909
3.750%, 06/15/2027		604		553
WPX Energy
8.250%, 08/01/2023		50		37
6.000%, 01/15/2022		10		8
5.250%, 10/15/2027		70		38
4.500%, 01/15/2030		60		33
				120,966
Financials — 9.3%
ABN AMRO Bank
4.750%, 07/28/2025 (C)		360		361
Aflac
3.600%, 04/01/2030		506		513
Ambac Assurance
5.100%, 06/07/2020 (C)		8		12
Ambac LSNI
6.450%, VAR ICE LIBOR USD 3 Month+5.000%, 02/12/2023 (C)		33		32
American Express
3.700%, 08/03/2023		381		395
3.400%, 02/27/2023		414		424
2.500%, 08/01/2022		1,825		1,837
American Express Credit MTN
2.375%, 05/26/2020		554		554
American Financial Group
5.250%, 04/02/2030		839		815
American International Group
6.250%, 05/01/2036		100		117
6.250%, VAR ICE LIBOR USD 3 Month+2.056%, 03/15/2037		1,220		976
4.750%, 04/01/2048		830		876
4.500%, 07/16/2044		451		457
4.250%, 03/15/2029		331		339
4.200%, 04/01/2028		634		653
4.125%, 02/15/2024		107		112
3.900%, 04/01/2026		850		875
3.875%, 01/15/2035 (D)		30		28
Aon
6.250%, 09/30/2040		19		25
3.500%, 06/14/2024		65		68
Apollo Management Holdings
5.000%, 03/15/2048 (C)		845		856


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		67

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

Core Fixed Income Fund (Continued)



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
4.400%, 05/27/2026 (C)	$	530	$	560
Athene Global Funding
3.000%, 07/01/2022 (C)		791		779
2.950%, 11/12/2026 (C)		1,980		1,899
Athene Holding
4.125%, 01/12/2028		820		741
Avolon Holdings Funding
5.125%, 10/01/2023 (C)		120		104
3.950%, 07/01/2024 (C)		715		576
2.875%, 02/15/2025 (C)(D)		975		756
AXA Equitable Holdings
3.900%, 04/20/2023		770		763
Banco Santander
4.379%, 04/12/2028 (D)		600		606
3.848%, 04/12/2023		600		603
2.968%, VAR ICE LIBOR USD 3 Month+1.120%, 04/12/2023		400		384
Bank of America
6.100%, VAR ICE LIBOR USD 3 Month+3.898%(E)		30		30
3.419%, VAR ICE LIBOR USD 3 Month+1.040%, 12/20/2028		3,315		3,420
3.004%, VAR ICE LIBOR USD 3 Month+0.790%, 12/20/2023		7,449		7,599
Bank of America MTN
5.000%, 01/21/2044		830		1,055
4.450%, 03/03/2026		847		912
4.330%, VAR ICE LIBOR USD 3 Month+1.520%, 03/15/2050		805		949
4.271%, VAR ICE LIBOR USD 3 Month+1.310%, 07/23/2029		1,699		1,837
4.244%, VAR ICE LIBOR USD 3 Month+1.814%, 04/24/2038		179		206
4.200%, 08/26/2024		1,530		1,627
4.183%, 11/25/2027		955		987
4.125%, 01/22/2024		404		427
4.100%, 07/24/2023		340		362
4.083%, 03/20/2051 (B)		5,780		6,616
4.000%, 04/01/2024		1,309		1,387
4.000%, 01/22/2025		2,033		2,140
3.974%, VAR ICE LIBOR USD 3 Month+1.210%, 02/07/2030		1,900		2,048
3.864%, VAR ICE LIBOR USD 3 Month+0.940%, 07/23/2024		1,751		1,832
3.824%, VAR ICE LIBOR USD 3 Month+1.575%, 01/20/2028		524		543
3.593%, VAR ICE LIBOR USD 3 Month+1.370%, 07/21/2028		1,364		1,395
3.559%, VAR ICE LIBOR USD 3 Month+1.060%, 04/23/2027		118		123
3.550%, VAR ICE LIBOR USD 3 Month+0.780%, 03/05/2024		860		895
3.500%, 04/19/2026		780		828



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
3.300%, 01/11/2023	$	1,995	$	2,067
3.194%, VAR ICE LIBOR USD 3 Month+1.180%, 07/23/2030		240		245
3.124%, VAR ICE LIBOR USD 3 Month+1.160%, 01/20/2023		1,352		1,374
3.093%, VAR ICE LIBOR USD 3 Month+1.090%, 10/01/2025		3,755		3,765
2.884%, VAR ICE LIBOR USD 3 Month+1.190%, 10/22/2030		1,787		1,786
2.496%, VAR ICE LIBOR USD 3 Month+0.990%, 02/13/2031		470		454
2.456%, VAR ICE LIBOR USD 3 Month+0.870%, 10/22/2025 (D)		2,808		2,834
2.250%, 04/21/2020		100		100
Bank of New York Mellon
3.550%, 09/23/2021		34		35
3.400%, 05/15/2024		1,945		2,033
Bank of New York Mellon MTN
3.250%, 09/11/2024		100		104
Bank of Nova Scotia
2.000%, 11/15/2022		970		972
1.850%, 04/14/2020		160		160
Banque Federative du Credit Mutuel
2.375%, 11/21/2024 (C)		847		829
Barclays
5.088%, VAR ICE LIBOR USD 3 Month+3.054%, 06/20/2030		3,045		3,182
Barclays MTN
4.972%, VAR ICE LIBOR USD 3 Month+1.902%, 05/16/2029		520		556
4.338%, VAR ICE LIBOR USD 3 Month+1.356%, 05/16/2024		700		675
BBVA USA
3.875%, 04/10/2025		430		407
Berkshire Hathaway
3.750%, 08/15/2021		450		463
Berkshire Hathaway Finance
4.250%, 01/15/2049		1,395		1,715
4.200%, 08/15/2048		500		587
BGC Partners
3.750%, 10/01/2024		1,015		908
BNP Paribas
5.198%, VAR ICE LIBOR USD 3 Month+2.567%, 01/10/2030 (C)(D)		900		993
4.705%, VAR ICE LIBOR USD 3 Month+2.235%, 01/10/2025 (C)		1,770		1,844
4.625%, 03/13/2027 (C)		200		208
4.400%, 08/14/2028 (C)		1,447		1,543
3.375%, 01/09/2025 (C)		290		288
2.819%, VAR ICE LIBOR USD 3 Month+1.111%, 11/19/2025 (C)		1,895		1,872


68		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
BNP Paribas MTN
4.375%, VAR USD Swap Semi 30/360 5 Yr Curr+1.483%, 03/01/2033 (C)(D)	$	400	$	437
3.500%, 03/01/2023 (C)		464		465
3.052%, VAR United States Secured Overnight Financing Rate+1.507%, 01/13/2031 (C)		1,443		1,349
BPCE
5.150%, 07/21/2024 (C)		410		432
Brighthouse Financial
4.700%, 06/22/2047		378		295
Canadian Imperial Bank of Commerce
3.500%, 09/13/2023		1,330		1,411
2.250%, 01/28/2025		1,372		1,356
Cantor Fitzgerald
4.875%, 05/01/2024 (C)		565		564
Charles Schwab
4.625%, 03/22/2030		1,080		1,189
4.200%, 03/24/2025		995		1,050
3.250%, 05/22/2029 (D)		939		928
Chubb INA Holdings
3.350%, 05/03/2026 (D)		200		212
3.150%, 03/15/2025 (D)		74		76
2.875%, 11/03/2022 (D)		39		40
2.300%, 11/03/2020		210		210
Citadel
4.875%, 01/15/2027 (C)		660		636
Citibank
2.295%, VAR ICE LIBOR USD 3 Month+0.600%, 05/20/2022		2,405		2,324
2.100%, 06/12/2020		1,605		1,602
Citigroup
8.125%, 07/15/2039		1,569		2,461
6.675%, 09/13/2043		70		92
6.625%, 06/15/2032		100		120
6.300%, VAR ICE LIBOR USD 3 Month+3.423%(E)		300		284
5.950%, VAR ICE LIBOR USD 3 Month+3.905%(E)		1,090		1,056
5.950%, VAR ICE LIBOR USD 3 Month+4.068%(E)		360		349
5.500%, 09/13/2025 (D)		950		1,040
5.316%, VAR United States Secured Overnight Financing Rate+4.548%, 03/26/2041		815		1,014
5.300%, 05/06/2044		225		264
4.750%, 05/18/2046		100		112
4.650%, 07/30/2045		903		1,033
4.650%, 07/23/2048 (D)		1,080		1,298
4.500%, 01/14/2022		380		395
4.450%, 09/29/2027		1,625		1,697



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
4.412%, VAR United States Secured Overnight Financing Rate+3.914%, 03/31/2031	$	2,719	$	2,987
4.400%, 06/10/2025		1,080		1,129
4.300%, 11/20/2026		240		251
4.125%, 07/25/2028		210		215
4.075%, VAR ICE LIBOR USD 3 Month+1.192%, 04/23/2029		81		85
4.050%, 07/30/2022 (D)		70		71
3.980%, VAR ICE LIBOR USD 3 Month+1.338%, 03/20/2030		1,860		1,982
3.878%, VAR ICE LIBOR USD 3 Month+1.168%, 01/24/2039		59		58
3.700%, 01/12/2026		4,535		4,683
3.500%, 05/15/2023		630		640
3.400%, 05/01/2026 (D)		260		271
3.352%, VAR ICE LIBOR USD 3 Month+0.897%, 04/24/2025		1,605		1,645
3.300%, 04/27/2025		120		121
3.142%, VAR ICE LIBOR USD 3 Month+0.722%, 01/24/2023		1,935		1,958
2.976%, VAR United States Secured Overnight Financing Rate+1.422%, 11/05/2030		962		940
CME Group
3.000%, 03/15/2025		51		53
Commonwealth Bank of Australia MTN
3.743%, 09/12/2039 (C)		284		239
3.610%, VAR US Treas Yield Curve Rate T Note Const Mat 5 Yr+2.050%, 09/12/2034 (C)		712		644
Cooperatieve Rabobank UA
5.250%, 08/04/2045		310		376
4.625%, 12/01/2023		1,630		1,685
4.375%, 08/04/2025		2,150		2,202
Cooperatieve Rabobank UA MTN
3.875%, 02/08/2022		30		31
Credit Agricole
2.375%, 01/22/2025 (C)		1,300		1,270
Credit Agricole MTN
4.000%, VAR USD Swap Semi 30/360 5 Yr Curr+1.644%, 01/10/2033 (C)		250		252
Credit Suisse Group
4.207%, VAR ICE LIBOR USD 3 Month+1.240%, 06/12/2024 (C)(D)		1,085		1,066
4.194%, VAR United States Secured Overnight Financing Rate+3.730%, 04/01/2031 (C)		2,400		2,458
2.593%, VAR United States Secured Overnight Financing Rate+1.560%, 09/11/2025 (C)		760		722
Danske Bank
5.375%, 01/12/2024 (C)(D)		650		670


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		69

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

Core Fixed Income Fund (Continued)



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
5.000%, 01/12/2022 (C)	$	1,599	$	1,642
3.875%, 09/12/2023 (C)		200		198
3.244%, VAR ICE LIBOR USD 3 Month+1.591%, 12/20/2025 (C)		1,768		1,643
3.001%, VAR ICE LIBOR USD 3 Month+1.249%, 09/20/2022 (C)		2,409		2,398
Danske Bank MTN
4.375%, 06/12/2028 (C)		200		205
Discover Bank
4.650%, 09/13/2028		380		378
Farmers Exchange Capital
7.200%, 07/15/2048 (C)		1,021		1,592
7.050%, 07/15/2028 (C)		1,000		1,297
Farmers Exchange Capital II
6.151%, VAR ICE LIBOR USD 3 Month+3.744%, 11/01/2053 (C)		1,650		2,199
Fifth Third Bank
3.950%, 07/28/2025		339		357
2.875%, 10/01/2021		730		736
First Union Capital II
7.950%, 11/15/2029		495		644
Ford Motor Credit LLC
5.750%, 02/01/2021		140		136
Goldman Sachs Capital II
4.000%, VAR ICE LIBOR USD 3 Month+0.768%(E)		10		7
Goldman Sachs Group
6.750%, 10/01/2037		422		559
6.250%, 02/01/2041		1,050		1,413
5.750%, 01/24/2022		110		117
5.250%, 07/27/2021		740		764
5.150%, 05/22/2045		960		1,109
4.750%, 10/21/2045		920		1,091
4.411%, VAR ICE LIBOR USD 3 Month+1.430%, 04/23/2039		270		282
4.250%, 10/21/2025 (D)		1,120		1,155
4.223%, VAR ICE LIBOR USD 3 Month+1.301%, 05/01/2029		1,300		1,384
3.850%, 01/26/2027		601		620
3.814%, VAR ICE LIBOR USD 3 Month+1.158%, 04/23/2029		1,330		1,374
3.800%, 03/15/2030		3,245		3,379
3.750%, 02/25/2026		560		579
3.691%, VAR ICE LIBOR USD 3 Month+1.510%, 06/05/2028 (D)		980		1,006
3.500%, 04/01/2025		4,790		4,896
3.500%, 11/16/2026		1,841		1,868
3.272%, VAR ICE LIBOR USD 3 Month+1.201%, 09/29/2025		4,330		4,401
3.200%, 02/23/2023		470		479
2.750%, 09/15/2020		35		35
2.600%, 02/07/2030		770		726



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Goldman Sachs Group MTN
6.000%, 06/15/2020	$	1,050	$	1,056
4.800%, 07/08/2044		120		134
4.000%, 03/03/2024		1,237		1,293
3.850%, 07/08/2024		330		344
2.905%, VAR ICE LIBOR USD 3 Month+0.990%, 07/24/2023		880		877
HSBC Bank
7.650%, 05/01/2025		500		549
4.750%, 01/19/2021 (C)		1,760		1,759
4.125%, 08/12/2020 (C)		100		100
HSBC Bank USA
7.000%, 01/15/2039		275		358
HSBC Holdings
4.950%, 03/31/2030		1,149		1,255
4.875%, 01/14/2022		100		102
4.583%, VAR ICE LIBOR USD 3 Month+1.535%, 06/19/2029		3,345		3,545
4.375%, 11/23/2026		345		363
4.300%, 03/08/2026 (D)		1,710		1,816
4.250%, 03/14/2024		510		523
4.250%, 08/18/2025		760		785
4.000%, 03/30/2022		536		548
3.973%, VAR ICE LIBOR USD 3 Month+1.610%, 05/22/2030		1,150		1,178
3.950%, VAR ICE LIBOR USD 3 Month+0.987%, 05/18/2024		610		625
3.400%, 03/08/2021		1,910		1,920
2.650%, 01/05/2022		200		200
ILFC E-Capital Trust II
3.570%, VAR N/A+1.800%, 12/21/2065 (C)		400		160
Inter-American Development Bank MTN
0.875%, 04/03/2025		1,278		1,286
Intercontinental Exchange
4.000%, 10/15/2023		65		70
Intesa Sanpaolo
3.375%, 01/12/2023 (C)		440		419
3.125%, 07/14/2022 (C)(D)		600		573
Intesa Sanpaolo MTN
5.017%, 06/26/2024 (C)		2,320		2,272
JPMorgan Chase
8.750%, 09/01/2030		970		1,466
4.950%, 06/01/2045		180		225
4.500%, 01/24/2022		840		877
4.493%, VAR United States Secured Overnight Financing Rate+3.790%, 03/24/2031		3,070		3,549
4.452%, VAR ICE LIBOR USD 3 Month+1.330%, 12/05/2029		300		338
4.400%, 07/22/2020		210		210
4.350%, 08/15/2021		160		164


70		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
4.260%, VAR ICE LIBOR USD 3 Month+1.580%, 02/22/2048	$	84	$	97
4.250%, 10/15/2020		330		334
4.250%, 10/01/2027		720		784
4.203%, VAR ICE LIBOR USD 3 Month+1.260%, 07/23/2029		800		878
4.032%, VAR ICE LIBOR USD 3 Month+1.460%, 07/24/2048		645		722
4.023%, VAR ICE LIBOR USD 3 Month+1.000%, 12/05/2024		4,550		4,821
3.900%, 07/15/2025		740		788
3.897%, VAR ICE LIBOR USD 3 Month+1.220%, 01/23/2049		115		132
3.882%, VAR ICE LIBOR USD 3 Month+1.360%, 07/24/2038		325		363
3.875%, 02/01/2024		819		877
3.875%, 09/10/2024 (D)		1,540		1,624
3.625%, 05/13/2024		230		240
3.625%, 12/01/2027		230		242
3.559%, VAR ICE LIBOR USD 3 Month+0.730%, 04/23/2024		331		346
3.250%, 09/23/2022		285		294
3.207%, VAR ICE LIBOR USD 3 Month+0.695%, 04/01/2023		1,061		1,079
3.200%, 01/25/2023		100		103
3.200%, 06/15/2026		1,210		1,257
2.950%, 10/01/2026		474		489
2.776%, VAR ICE LIBOR USD 3 Month+0.935%, 04/25/2023		1,600		1,621
2.700%, 05/18/2023		1,180		1,211
2.310%, VAR ICE LIBOR USD 3 Month+0.550%, 02/01/2027		1,590		1,352
2.301%, VAR United States Secured Overnight Financing Rate+1.160%, 10/15/2025		1,431		1,424
2.005%, VAR United States Secured Overnight Financing Rate+1.585%, 03/13/2026		3,315		3,296
KKR Group Finance II
5.500%, 02/01/2043 (C)		80		88
KKR Group Finance III
5.125%, 06/01/2044 (C)		535		547
Liberty Mutual Group
3.951%, 10/15/2050 (C)		74		69
Lincoln National
3.050%, 01/15/2030 (D)		1,101		1,022
Lloyds Banking Group
4.375%, 03/22/2028		925		986
4.344%, 01/09/2048		200		200
4.050%, 08/16/2023		200		206
3.900%, 03/12/2024		800		810
3.100%, 07/06/2021		490		488



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
2.907%, VAR ICE LIBOR USD 3 Month+0.810%, 11/07/2023	$	2,915	$	2,894
2.858%, VAR ICE LIBOR USD 3 Month+1.249%, 03/17/2023		1,875		1,849
Massachusetts Mutual Life Insurance
3.729%, 10/15/2070 (C)		88		81
MassMutual Global Funding II
2.250%, 07/01/2022 (C)		1,268		1,271
MDGH - GMTN BV MTN
2.875%, 11/07/2029 (C)		796		749
Mercury General
4.400%, 03/15/2027		935		1,013
MetLife
6.400%, 12/15/2036		420		438
5.700%, 06/15/2035		15		17
MetLife Capital Trust IV
7.875%, 12/15/2037 (C)(D)		800		928
Metropolitan Life Global Funding
1.950%, 09/15/2021 (C)		349		351
Metropolitan Life Global Funding I
3.450%, 12/18/2026 (C)		1,955		2,056
2.400%, 01/08/2021 (C)		245		244
Mitsubishi UFJ Financial Group
2.998%, 02/22/2022		230		234
2.193%, 02/25/2025		1,517		1,509
Morgan Stanley
5.597%, 03/24/2051 (B)		3,010		4,175
Morgan Stanley MTN
4.431%, VAR ICE LIBOR USD 3 Month+1.628%, 01/23/2030		340		377
4.100%, 05/22/2023		940		959
4.000%, 07/23/2025		159		168
3.971%, VAR ICE LIBOR USD 3 Month+1.455%, 07/22/2038		119		128
3.875%, 04/29/2024		1,685		1,770
3.772%, VAR ICE LIBOR USD 3 Month+1.140%, 01/24/2029		1,080		1,138
3.750%, 02/25/2023		725		752
3.622%, VAR United States Secured Overnight Financing Rate+3.120%, 04/01/2031		4,198		4,391
3.125%, 01/23/2023		1,120		1,147
3.125%, 07/27/2026		190		195
2.750%, 05/19/2022		1,259		1,265
2.720%, VAR United States Secured Overnight Financing Rate+1.152%, 07/22/2025		980		982
2.699%, VAR United States Secured Overnight Financing Rate+1.143%, 01/22/2031		1,546		1,512
2.625%, 11/17/2021		1,066		1,070
2.500%, 04/21/2021		280		281


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		71

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

Core Fixed Income Fund (Continued)



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
1.613%, VAR United States Secured Overnight Financing Rate+0.700%, 01/20/2023	$	2,455	$	2,285
MUFG Bank
4.100%, 09/09/2023 (C)		200		208
Nationwide Building Society
4.363%, VAR ICE LIBOR USD 3 Month+1.392%, 08/01/2024 (C)		1,428		1,434
Nationwide Building Society MTN
3.622%, VAR ICE LIBOR USD 3 Month+1.181%, 04/26/2023 (C)		830		825
Nationwide Financial Services
3.900%, 11/30/2049 (C)		811		709
Nationwide Mutual Insurance
3.031%, VAR ICE LIBOR USD 3 Month+2.290%, 12/15/2024 (C)		3,735		3,730
New York Life Global Funding
2.875%, 04/10/2024 (C)		1,045		1,073
New York Life Insurance
6.750%, 11/15/2039 (C)		390		529
Nomura Holdings
3.103%, 01/16/2030		2,777		2,616
2.648%, 01/16/2025		1,183		1,158
Nordea Bank Abp
4.875%, 05/13/2021 (C)		250		255
Northwestern Mutual Life Insurance
3.625%, 09/30/2059 (C)		1,266		1,111
Ohio National Financial Services
5.550%, 01/24/2030 (C)		625		628
Park Aerospace Holdings
5.500%, 02/15/2024 (C)		500		430
5.250%, 08/15/2022 (C)		2,335		2,110
4.500%, 03/15/2023 (C)		2,070		1,795
Pipeline Funding
7.500%, 01/15/2030 (C)		415		548
PNC Financial Services Group
2.550%, 01/22/2030		1,123		1,086
Prudential Financial MTN
5.625%, 05/12/2041		10		11
4.350%, 02/25/2050		569		569
1.500%, 03/10/2026		1,286		1,207
Raymond James Financial
4.950%, 07/15/2046		650		748
Royal Bank of Canada MTN
3.200%, 04/30/2021		480		486
2.150%, 10/26/2020		420		420
Royal Bank of Scotland Group
6.125%, 12/15/2022		390		403
6.100%, 06/10/2023		550		569
6.000%, 12/19/2023		860		901
5.125%, 05/28/2024		490		502



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
4.892%, VAR ICE LIBOR USD 3 Month+1.754%, 05/18/2029	$	200	$	212
4.519%, VAR ICE LIBOR USD 3 Month+1.550%, 06/25/2024 (D)		830		836
4.445%, VAR ICE LIBOR USD 3 Month+1.871%, 05/08/2030		520		542
4.269%, VAR ICE LIBOR USD 3 Month+1.762%, 03/22/2025		220		229
3.875%, 09/12/2023		720		739
Royal Bank of Scotland Group PLC
3.754%, VAR US Treas Yield Curve Rate T Note Const Mat 5 Yr+2.100%, 11/01/2029		509		471
Santander Holdings USA
4.500%, 07/17/2025		80		82
4.450%, 12/03/2021		1,325		1,352
Santander UK Group Holdings
4.796%, VAR ICE LIBOR USD 3 Month+1.570%, 11/15/2024		750		785
3.373%, VAR ICE LIBOR USD 3 Month+1.080%, 01/05/2024		760		767
2.875%, 08/05/2021		3,255		3,215
Societe Generale
2.625%, 10/16/2024 (C)		383		369
Societe Generale MTN
2.625%, 01/22/2025 (C)		2,078		2,001
Standard Chartered
4.644%, VAR US Treas Yield Curve Rate T Note Const Mat 5 Yr+3.850%, 04/01/2031 (C)		1,157		1,186
2.819%, VAR ICE LIBOR USD 3 Month+1.209%, 01/30/2026 (C)		1,451		1,375
State Street
3.300%, 12/16/2024		70		72
3.152%, VAR United States Secured Overnight Financing Rate+2.650%, 03/30/2031 (C)		710		726
2.901%, VAR United States Secured Overnight Financing Rate+2.600%, 03/30/2026 (C)		505		517
2.825%, VAR United States Secured Overnight Financing Rate+2.690%, 03/30/2023 (C)		831		839
2.354%, VAR United States Secured Overnight Financing Rate+0.940%, 11/01/2025		1,105		1,081
Sumitomo Mitsui Financial Group
2.058%, 07/14/2021		340		337
Svenska Handelsbanken MTN
3.350%, 05/24/2021		500		506
Synchrony Financial
2.850%, 07/25/2022		435		413


72		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Teachers Insurance & Annuity Association of America
6.850%, 12/16/2039 (C)	$	124	$	172
4.900%, 09/15/2044 (C)		240		273
Toronto-Dominion Bank MTN
3.250%, 06/11/2021		590		602
1.900%, 12/01/2022		780		779
Truist Bank
4.050%, 11/03/2025 (D)		535		554
2.250%, 03/11/2030		676		618
2.150%, 12/06/2024		962		953
Truist Financial MTN
3.875%, 03/19/2029		60		59
2.500%, 08/01/2024		1,735		1,711
2.200%, 03/16/2023		2,530		2,532
Trust Fibra Uno
6.390%, 01/15/2050 (C)		277		255
UBS MTN
4.500%, 06/26/2048 (C)		200		239
UBS Group
7.000%, VAR USD Swap Semi 30/360 5 Yr Curr+4.344%(C)(E)		1,640		1,542
4.253%, 03/23/2028 (C)		930		975
4.125%, 09/24/2025 (C)		200		208
3.491%, 05/23/2023 (C)		1,650		1,668
2.650%, 02/01/2022 (C)		385		379
UniCredit MTN
6.572%, 01/14/2022 (C)		1,350		1,375
US Bancorp
2.400%, 07/30/2024		1,770		1,769
US Bancorp MTN
2.950%, 07/15/2022		25		25
US Bank
3.150%, 04/26/2021		550		555
2.050%, 01/21/2025		1,164		1,155
Validus Holdings
8.875%, 01/26/2040		905		1,322
Wachovia Capital Trust III
5.570%, VAR ICE LIBOR USD 3 Month+0.930%(E)		2,790		2,706
WEA Finance
4.750%, 09/17/2044 (C)		230		211
3.750%, 09/17/2024 (C)		990		943
Wells Fargo
5.375%, 11/02/2043		400		469
3.000%, 10/23/2026		1,030		1,053
Wells Fargo MTN
5.013%, 04/04/2051 (B)		13,091		16,715
4.900%, 11/17/2045		909		1,036
4.750%, 12/07/2046		1,075		1,188
4.650%, 11/04/2044		261		286
4.600%, 04/01/2021		160		163



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
4.478%, VAR ICE LIBOR USD 3 Month+3.770%, 04/04/2031	$	2,870	$	3,249
4.400%, 06/14/2046		1,370		1,471
4.300%, 07/22/2027		2,310		2,461
4.150%, 01/24/2029 (D)		1,010		1,105
4.125%, 08/15/2023 (D)		900		926
3.750%, 01/24/2024 (D)		250		264
3.500%, 03/08/2022		430		438
3.450%, 02/13/2023		660		677
3.196%, VAR ICE LIBOR USD 3 Month+1.170%, 06/17/2027		1,550		1,597
2.879%, VAR ICE LIBOR USD 3 Month+1.170%, 10/30/2030		270		267
2.625%, 07/22/2022		2,160		2,167
2.406%, VAR ICE LIBOR USD 3 Month+0.825%, 10/30/2025		1,005		990
2.164%, VAR ICE LIBOR USD 3 Month+0.750%, 02/11/2026		3,796		3,719
Westpac Banking
4.110%, VAR US Treas Yield Curve Rate T Note Const Mat 5 Yr+2.000%, 07/24/2034		302		293
2.600%, 11/23/2020		500		501
2.300%, 05/26/2020		50		50
				387,813
Health Care — 4.0%
Abbott Laboratories
4.900%, 11/30/2046		470		641
4.750%, 11/30/2036 (D)		260		331
3.750%, 11/30/2026 (D)		1,894		2,114
AbbVie
4.875%, 11/14/2048		300		348
4.500%, 05/14/2035		715		811
4.450%, 05/14/2046		562		596
4.400%, 11/06/2042		1,500		1,665
4.250%, 11/14/2028		335		356
4.250%, 11/21/2049 (C)		5,355		5,689
4.050%, 11/21/2039 (C)		967		995
3.750%, 11/14/2023		77		80
3.600%, 05/14/2025		770		808
3.200%, 11/06/2022		44		45
3.200%, 11/21/2029 (C)		2,463		2,473
2.950%, 11/21/2026 (C)		1,029		1,034
2.900%, 11/06/2022		924		934
2.600%, 11/21/2024 (C)		3,003		3,032
2.500%, 05/14/2020		1,256		1,256
2.300%, 11/21/2022 (C)		4,599		4,603
Aetna
3.875%, 08/15/2047		355		363
2.800%, 06/15/2023		2,650		2,654


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		73

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

Core Fixed Income Fund (Continued)



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Allergan Finance
4.625%, 10/01/2042	$	38	$	48
3.250%, 10/01/2022		513		514
Allergan Funding SCS
3.850%, 06/15/2024 (D)		500		524
3.800%, 03/15/2025		3,480		3,563
3.450%, 03/15/2022		370		384
Allergan Sales
5.000%, 12/15/2021 (C)		535		554
Amgen
5.150%, 11/15/2041		660		690
4.663%, 06/15/2051		1,146		1,441
4.400%, 05/01/2045		2,232		2,620
3.625%, 05/22/2024		130		136
2.125%, 05/01/2020		110		110
Anthem
4.625%, 05/15/2042		41		45
3.650%, 12/01/2027		220		227
3.500%, 08/15/2024		590		605
3.350%, 12/01/2024		1,425		1,451
3.125%, 05/15/2022		468		476
2.950%, 12/01/2022 (D)		661		676
AstraZeneca
3.500%, 08/17/2023		805		848
Baxalta
3.600%, 06/23/2022		546		553
Baxter International
3.950%, 04/01/2030 (C)		425		456
Bayer US Finance
3.375%, 10/08/2024 (C)		2,300		2,360
Bayer US Finance II
4.875%, 06/25/2048 (C)		2,155		2,481
4.700%, 07/15/2064 (C)		210		205
4.625%, 06/25/2038 (C)		420		434
4.375%, 12/15/2028 (C)		4,240		4,528
4.250%, 12/15/2025 (C)		845		878
3.875%, 12/15/2023 (C)		115		118
3.500%, 06/25/2021 (C)		630		631
Becton Dickinson
4.685%, 12/15/2044		301		316
3.734%, 12/15/2024		1,922		1,970
3.700%, 06/06/2027 (D)		289		292
3.363%, 06/06/2024		2,041		2,040
3.250%, 11/12/2020		600		600
2.404%, 06/05/2020		1,375		1,371
2.250%, VAR ICE LIBOR USD 3 Month+0.875%, 12/29/2020		726		702
Biogen
5.200%, 09/15/2045		120		155
3.625%, 09/15/2022		430		442
Boston Scientific
3.750%, 03/01/2026		846		887



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Bristol-Myers Squibb
5.250%, 08/15/2043 (C)	$	40	$	54
5.000%, 08/15/2045 (C)		230		308
4.550%, 02/20/2048 (C)		166		210
4.350%, 11/15/2047 (C)		213		268
4.250%, 10/26/2049 (C)		443		555
4.125%, 06/15/2039 (C)		85		102
3.900%, 02/20/2028 (C)		334		371
3.875%, 08/15/2025 (C)		790		905
3.550%, 08/15/2022 (C)		360		379
3.450%, 11/15/2027 (C)		487		518
3.400%, 07/26/2029 (C)		1,379		1,522
3.200%, 06/15/2026 (C)		1,452		1,541
2.900%, 07/26/2024 (C)		2,680		2,840
2.875%, 02/19/2021 (C)		406		414
2.750%, 02/15/2023 (C)		1,476		1,526
2.600%, 05/16/2022 (C)		1,980		2,023
2.250%, 08/15/2021 (C)		420		422
Centene
3.375%, 02/15/2030 (C)		460		428
Cigna
4.900%, 12/15/2048		2,150		2,580
4.375%, 10/15/2028		730		783
4.125%, 11/15/2025		290		310
3.875%, 10/15/2047 (C)		716		716
3.750%, 07/15/2023		1,300		1,337
3.400%, 09/17/2021		1,123		1,144
3.400%, 03/01/2027 (C)		1,502		1,520
3.400%, 03/15/2050		708		668
3.200%, 09/17/2020		320		320
3.050%, 10/15/2027 (C)		1,745		1,731
2.400%, 03/15/2030		2,418		2,290
CommonSpirit Health
4.350%, 11/01/2042		480		470
4.187%, 10/01/2049		635		596
CVS Health
5.125%, 07/20/2045		1,611		1,854
5.050%, 03/25/2048		4,945		5,650
4.780%, 03/25/2038		923		1,021
4.300%, 03/25/2028		3,690		3,947
4.250%, 04/01/2050		30		31
4.125%, 04/01/2040		160		162
4.100%, 03/25/2025		1,277		1,351
4.000%, 12/05/2023		492		519
3.875%, 07/20/2025 (D)		515		541
3.750%, 04/01/2030		1,483		1,527
3.700%, 03/09/2023		2,281		2,369
3.625%, 04/01/2027		1,343		1,366
3.500%, 07/20/2022		160		164
3.350%, 03/09/2021		112		113
3.250%, 08/15/2029		830		808
3.000%, 08/15/2026 (D)		364		368


74		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
2.750%, 12/01/2022	$	510	$	514
2.625%, 08/15/2024 (D)		1,433		1,453
CVS Pass-Through Trust
5.926%, 01/10/2034 (C)		74		85
Danaher
3.350%, 09/15/2025 (D)		680		710
DH Europe Finance II Sarl
3.400%, 11/15/2049		281		273
2.600%, 11/15/2029		1,161		1,128
2.200%, 11/15/2024		923		897
2.050%, 11/15/2022		539		529
Fresenius Medical Care US Finance II
5.875%, 01/31/2022 (C)		170		176
Gilead Sciences
5.650%, 12/01/2041		35		48
4.750%, 03/01/2046		380		485
4.500%, 02/01/2045		10		12
3.700%, 04/01/2024		410		430
3.650%, 03/01/2026 (D)		460		497
3.250%, 09/01/2022		670		685
2.550%, 09/01/2020		130		130
GlaxoSmithKline Capital
3.000%, 06/01/2024		310		323
2.850%, 05/08/2022		30		31
HCA
5.625%, 09/01/2028		50		52
5.500%, 06/15/2047		60		65
5.250%, 04/15/2025		820		860
5.250%, 06/15/2026		30		31
5.250%, 06/15/2049		2,150		2,292
5.125%, 06/15/2039		760		784
5.000%, 03/15/2024		1,390		1,439
4.500%, 02/15/2027		20		21
Humana
4.950%, 10/01/2044		60		68
4.800%, 03/15/2047 (D)		30		33
4.625%, 12/01/2042		170		187
3.950%, 03/15/2027		70		71
3.850%, 10/01/2024		1,470		1,495
3.150%, 12/01/2022		560		559
2.900%, 12/15/2022		750		746
2.500%, 12/15/2020		1,015		1,010
Johnson & Johnson
3.700%, 03/01/2046		170		205
3.625%, 03/03/2037		260		293
3.500%, 01/15/2048 (D)		92		112
3.400%, 01/15/2038		173		197
2.625%, 01/15/2025		86		92
Medtronic
4.625%, 03/15/2045		9		12
3.500%, 03/15/2025		343		369



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Merck
3.700%, 02/10/2045	$	235	$	278
2.400%, 09/15/2022		29		30
Mylan
3.950%, 06/15/2026		620		612
New York and Presbyterian Hospital
3.563%, 08/01/2036		730		726
Novartis Capital
2.200%, 08/14/2030		2,149		2,200
2.000%, 02/14/2027		630		635
Partners Healthcare System
3.342%, 07/01/2060		1,170		1,168
3.192%, 07/01/2049		115		114
Pfizer
4.000%, 12/15/2036		815		931
3.000%, 12/15/2026		172		185
2.800%, 03/11/2022		324		331
2.625%, 04/01/2030		1,140		1,199
RWJ Barnabas Health
3.949%, 07/01/2046		1,030		1,141
Shire Acquisitions Investments Ireland
3.200%, 09/23/2026 (D)		880		890
Shire Acquisitions Investments Ireland DAC
2.875%, 09/23/2023		2,442		2,460
Takeda Pharmaceutical
4.400%, 11/26/2023		2,103		2,214
Teva Pharmaceutical Finance BV
3.650%, 11/10/2021		680		649
2.950%, 12/18/2022		190		174
Teva Pharmaceutical Finance IV BV
3.650%, 11/10/2021		120		115
Teva Pharmaceutical Finance Netherlands III BV
7.125%, 01/31/2025 (C)		600		594
3.150%, 10/01/2026		110		93
2.800%, 07/21/2023		630		575
2.200%, 07/21/2021		750		716
Thermo Fisher Scientific
4.497%, 03/25/2030		1,088		1,223
4.133%, 03/25/2025		747		799
UnitedHealth Group
5.800%, 03/15/2036		280		365
4.750%, 07/15/2045		1,150		1,464
4.625%, 07/15/2035		523		622
4.250%, 04/15/2047		450		530
3.875%, 10/15/2020		710		713
3.875%, 12/15/2028		170		191
3.875%, 08/15/2059		1,247		1,370
3.750%, 07/15/2025		70		76
3.750%, 10/15/2047		281		310
3.700%, 12/15/2025		364		392
3.700%, 08/15/2049 (D)		150		166


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		75

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

Core Fixed Income Fund (Continued)



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
3.500%, 02/15/2024	$	340	$	360
3.500%, 08/15/2039		118		127
3.375%, 11/15/2021		75		77
3.350%, 07/15/2022		28		29
2.875%, 12/15/2021 (D)		290		296
2.875%, 03/15/2023		50		52
2.875%, 08/15/2029		276		289
2.700%, 07/15/2020		440		440
2.375%, 08/15/2024		597		611
Wyeth
5.950%, 04/01/2037		470		666
Zimmer Biomet Holdings
1.802%, VAR ICE LIBOR USD 3 Month+0.750%, 03/19/2021		1,500		1,482
				167,880
Industrials — 2.7%
3M
3.700%, 04/15/2050		270		305
3.250%, 08/26/2049		220		222
3.050%, 04/15/2030		90		94
2.375%, 08/26/2029 (D)		390		391
AerCap Ireland Capital DAC
5.000%, 10/01/2021		1,250		1,155
4.875%, 01/16/2024 (D)		1,500		1,290
4.625%, 07/01/2022		210		175
4.500%, 05/15/2021		2,140		1,963
3.950%, 02/01/2022		855		775
3.875%, 01/23/2028		345		263
3.650%, 07/21/2027		650		503
3.500%, 01/15/2025		232		188
Air Lease
3.625%, 04/01/2027		221		186
3.625%, 12/01/2027		216		180
3.500%, 01/15/2022		1,110		1,003
3.250%, 03/01/2025		1,645		1,289
Air Lease MTN
2.300%, 02/01/2025		355		271
American Airlines Pass-Through Trust
3.500%, 02/15/2032		610		506
Avolon Holdings Funding
5.250%, 05/15/2024 (C)		120		102
BAE Systems
4.750%, 10/11/2021 (C)		2,100		2,177
Boeing
3.900%, 05/01/2049		279		252
3.750%, 02/01/2050		250		228
3.625%, 03/01/2048		23		20
3.550%, 03/01/2038		196		172
3.500%, 03/01/2039		351		321
3.250%, 02/01/2035		1,210		1,046
3.200%, 03/01/2029		490		451



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
3.100%, 05/01/2026 (D)	$	160	$	147
2.800%, 03/01/2027		190		169
2.700%, 02/01/2027		540		495
Burlington Northern Santa Fe
7.290%, 06/01/2036		90		125
5.400%, 06/01/2041		50		63
4.150%, 12/15/2048		150		172
4.050%, 06/15/2048		124		144
3.450%, 09/15/2021		91		92
Canadian Pacific Railway
6.125%, 09/15/2115		44		58
Carrier Global
3.577%, 04/05/2050 (C)		380		326
3.377%, 04/05/2040 (C)		230		202
2.722%, 02/15/2030 (C)		1,341		1,236
2.493%, 02/15/2027 (C)		764		729
2.242%, 02/15/2025 (C)		2,144		2,083
1.923%, 02/15/2023 (C)		160		158
Caterpillar
3.400%, 05/15/2024		205		215
Caterpillar Financial Services MTN
2.850%, 05/17/2024		170		174
2.750%, 08/20/2021		1,025		1,032
Cintas No. 2
3.700%, 04/01/2027 (D)		400		411
2.900%, 04/01/2022		400		400
Continental Airlines Pass-Through Trust, Ser 2000-1
8.048%, 11/01/2020		63		59
Continental Airlines Pass-Through Trust, Ser 2007-1, Cl A
5.983%, 04/19/2022		1,631		1,672
Crowley Conro
4.181%, 08/15/2043		475		597
CSX
4.750%, 11/15/2048		234		269
4.300%, 03/01/2048		45		49
2.400%, 02/15/2030		103		101
DAE Funding
5.750%, 11/15/2023 (C)		70		65
Deere
3.750%, 04/15/2050		609		695
3.100%, 04/15/2030		610		646
2.750%, 04/15/2025		680		702
Delta Air Lines
4.375%, 04/19/2028		153		123
3.800%, 04/19/2023		241		226
Delta Air Lines Pass Through Trust, Ser 2020-1, Cl AA
2.000%, 06/10/2028		4,000		3,638


76		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Delta Air Lines Pass-Through Trust, Ser 2007- 1, Cl A
6.821%, 08/10/2022	$	381	$	401
DP World MTN
5.625%, 09/25/2048 (C)		990		827
Eaton
7.625%, 04/01/2024		75		85
4.150%, 11/02/2042		140		155
2.750%, 11/02/2022		900		899
Equifax
3.950%, 06/15/2023		1,612		1,627
GE Capital International Funding Unlimited Co
4.418%, 11/15/2035		5,648		6,027
2.342%, 11/15/2020		5,680		5,584
General Dynamics
4.250%, 04/01/2040		141		168
4.250%, 04/01/2050		202		254
3.625%, 04/01/2030		1,889		2,100
3.250%, 04/01/2025		407		431
General Electric
2.700%, 10/09/2022		359		349
General Electric MTN
6.875%, 01/10/2039		1,216		1,504
6.750%, 03/15/2032		1,335		1,585
6.150%, 08/07/2037		394		449
5.875%, 01/14/2038		3,534		4,072
5.300%, 02/11/2021		293		297
4.650%, 10/17/2021		515		524
4.625%, 01/07/2021		2,515		2,522
4.375%, 09/16/2020 (D)		40		40
3.100%, 01/09/2023 (D)		119		120
2.172%, VAR ICE LIBOR USD 3 Month+0.480%, 08/15/2036		2,400		1,968
IHS Markit
5.000%, 11/01/2022 (C)		750		788
4.750%, 02/15/2025 (C)		355		364
4.750%, 08/01/2028		1,215		1,272
International Lease Finance
8.625%, 01/15/2022		180		179
John Deere Capital MTN
1.750%, 03/09/2027		476		458
1.200%, 04/06/2023		794		777
L3Harris Technologies
5.054%, 04/27/2045		270		298
4.854%, 04/27/2035		80		87
Lockheed Martin
4.500%, 05/15/2036		90		95
4.070%, 12/15/2042		168		194
3.550%, 01/15/2026		1,190		1,275
3.100%, 01/15/2023		50		51



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Northrop Grumman
5.250%, 05/01/2050	$	1,640	$	2,218
5.150%, 05/01/2040		510		647
4.400%, 05/01/2030		510		592
4.030%, 10/15/2047		1,060		1,217
3.250%, 08/01/2023 (D)		1,700		1,741
3.250%, 01/15/2028		1,683		1,749
2.930%, 01/15/2025		858		871
2.550%, 10/15/2022		1,367		1,367
Otis Worldwide
3.362%, 02/15/2050 (C)		107		104
3.112%, 02/15/2040 (C)		71		67
2.565%, 02/15/2030 (C)		2,347		2,281
2.293%, 04/05/2027 (C)		592		566
2.056%, 04/05/2025 (C)		2,308		2,256
Parker-Hannifin
2.700%, 06/14/2024 (D)		400		398
Prime Security Services Borrower
5.750%, 04/15/2026 (C)(D)		320		314
Raytheon
3.125%, 10/15/2020		430		432
Republic Services
3.950%, 05/15/2028		335		362
2.500%, 08/15/2024		635		640
Union Pacific
4.300%, 03/01/2049		90		102
3.950%, 09/10/2028		2,780		2,982
3.839%, 03/20/2060 (C)		1,030		1,075
3.750%, 07/15/2025		340		365
3.750%, 02/05/2070		385		397
3.250%, 02/05/2050		2,054		2,042
3.150%, 03/01/2024 (D)		285		296
2.950%, 03/01/2022		597		608
2.400%, 02/05/2030		660		641
2.150%, 02/05/2027		535		522
United Parcel Service
5.300%, 04/01/2050		480		629
5.200%, 04/01/2040		240		294
United Rentals North America
6.500%, 12/15/2026		80		81
5.500%, 07/15/2025		150		147
4.875%, 01/15/2028		150		146
3.875%, 11/15/2027		100		95
United Technologies
4.625%, 11/16/2048 (D)		51		60
4.500%, 06/01/2042		170		196
4.450%, 11/16/2038		504		574
4.150%, 05/15/2045		59		64
4.125%, 11/16/2028		280		307
3.950%, 08/16/2025 (D)		1,950		2,129
3.650%, 08/16/2023		215		226


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		77

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

Core Fixed Income Fund (Continued)



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
US Airways Pass-Through Trust, Ser 2012-2, Cl A
4.625%, 06/03/2025	$	590	$	584
Waste Management
4.600%, 03/01/2021		90		90
4.150%, 07/15/2049		210		241
4.000%, 07/15/2039		60		65
3.500%, 05/15/2024		370		384
3.450%, 06/15/2029		280		287
3.200%, 06/15/2026		645		671
				104,749
Information Technology — 1.9%
Adobe
2.300%, 02/01/2030		1,199		1,201
2.150%, 02/01/2027		685		694
1.900%, 02/01/2025 (D)		343		346
Apple
4.650%, 02/23/2046		270		358
4.375%, 05/13/2045		360		458
4.250%, 02/09/2047		457		585
3.850%, 05/04/2043		530		630
3.450%, 02/09/2045		31		35
3.200%, 05/13/2025		293		318
3.200%, 05/11/2027		1,469		1,589
2.950%, 09/11/2049		69		73
2.850%, 05/06/2021		113		114
2.850%, 02/23/2023		108		113
2.750%, 01/13/2025		315		332
2.450%, 08/04/2026 (D)		1,410		1,477
2.300%, 05/11/2022		310		318
2.150%, 02/09/2022		82		84
2.050%, 09/11/2026		1,083		1,110
2.000%, 11/13/2020		500		502
1.800%, 09/11/2024		902		918
1.550%, 08/04/2021		20		20
Avnet
3.750%, 12/01/2021		1,000		1,019
Broadcom
4.250%, 04/15/2026 (C)		579		569
3.875%, 01/15/2027		1,558		1,488
3.625%, 01/15/2024		1,940		1,906
3.125%, 04/15/2021 (C)		1,135		1,123
3.125%, 10/15/2022 (C)		500		495
3.000%, 01/15/2022		2,945		2,912
Dell International
8.350%, 07/15/2046 (C)		875		1,039
6.020%, 06/15/2026 (C)		39		40
4.420%, 06/15/2021 (C)		2,775		2,774
Fiserv
4.400%, 07/01/2049		306		324
4.200%, 10/01/2028		59		64



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
3.500%, 07/01/2029	$	903	$	939
3.200%, 07/01/2026		564		583
Intel
4.950%, 03/25/2060		556		768
4.750%, 03/25/2050		7,242		9,725
4.600%, 03/25/2040		552		676
3.700%, 07/29/2025 (D)		223		246
3.400%, 03/25/2025		829		904
3.300%, 10/01/2021		35		37
3.250%, 11/15/2049		930		1,001
3.100%, 07/29/2022		35		36
3.100%, 02/15/2060		225		237
2.700%, 12/15/2022		310		324
2.450%, 11/15/2029		1,068		1,094
International Business Machines
4.150%, 05/15/2039		259		290
3.300%, 05/15/2026		196		209
3.000%, 05/15/2024		1,510		1,591
KLA
3.300%, 03/01/2050		809		758
Marvell Technology Group
4.200%, 06/22/2023		810		828
Mastercard
3.850%, 03/26/2050		1,220		1,495
3.375%, 04/01/2024 (D)		250		264
3.350%, 03/26/2030		1,138		1,260
3.300%, 03/26/2027		332		362
Micron Technology
4.663%, 02/15/2030 (D)		447		467
Microsoft
4.750%, 11/03/2055		43		61
4.250%, 02/06/2047		310		399
4.100%, 02/06/2037		1,085		1,308
4.000%, 02/12/2055		574		730
3.950%, 08/08/2056		240		302
3.750%, 02/12/2045		130		156
3.700%, 08/08/2046		337		405
3.625%, 12/15/2023 (D)		89		97
3.500%, 02/12/2035		1,012		1,190
3.450%, 08/08/2036 (D)		30		33
3.300%, 02/06/2027		1,550		1,720
2.875%, 02/06/2024		1,208		1,285
2.700%, 02/12/2025		250		269
2.400%, 02/06/2022		600		617
2.400%, 08/08/2026		1,700		1,805
2.375%, 02/12/2022		20		21
2.375%, 05/01/2023 (D)		20		21
1.550%, 08/08/2021		400		403
NVIDIA
3.700%, 04/01/2060		170		190
3.500%, 04/01/2040		766		813
3.500%, 04/01/2050		1,649		1,793


78		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
2.850%, 04/01/2030	$	2,585	$	2,698
NXP BV
4.300%, 06/18/2029 (C)		113		116
3.875%, 06/18/2026 (C)		984		957
Oracle
4.000%, 11/15/2047		519		569
3.900%, 05/15/2035		1,720		1,859
3.850%, 04/01/2060		549		553
3.800%, 11/15/2037		244		251
3.600%, 04/01/2040		1,040		1,040
2.950%, 11/15/2024		554		581
2.950%, 04/01/2030		1,040		1,047
2.800%, 04/01/2027		995		1,010
2.625%, 02/15/2023		447		459
2.500%, 04/01/2025		835		843
Prosus
4.850%, 07/06/2027 (C)		550		525
QUALCOMM
2.600%, 01/30/2023		910		930
salesforce.com
3.700%, 04/11/2028		670		742
3.250%, 04/11/2023		480		499
Tencent Holdings MTN
3.595%, 01/19/2028 (C)		570		603
Texas Instruments
4.150%, 05/15/2048		300		367
1.375%, 03/12/2025		793		787
Visa
4.300%, 12/14/2045		690		869
3.650%, 09/15/2047		235		267
3.150%, 12/14/2025		1,410		1,536
2.800%, 12/14/2022		40		42
2.200%, 12/14/2020		80		80
1.900%, 04/15/2027		755		753
				82,723
Materials — 0.8%
Air Liquide Finance
2.250%, 09/27/2023 (C)		590		584
Alcoa Nederland Holding BV
6.750%, 09/30/2024 (C)		270		262
6.125%, 05/15/2028 (C)		200		182
Amcor Finance USA
4.500%, 05/15/2028 (C)(D)		360		424
3.625%, 04/28/2026 (C)		2,425		2,520
Anglo American Capital
4.750%, 04/10/2027 (C)		720		703
4.000%, 09/11/2027 (C)		200		189
3.750%, 04/10/2022 (C)		280		273
3.625%, 09/11/2024 (C)		710		668
ArcelorMittal
7.000%, 10/15/2039		120		122



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
6.125%, 06/01/2025 (D)	$	670	$	663
4.550%, 03/11/2026		330		296
3.600%, 07/16/2024		600		547
Barrick
5.250%, 04/01/2042		80		94
Barrick North America Finance
5.750%, 05/01/2043		449		575
5.700%, 05/30/2041		922		1,135
BHP Billiton Finance USA
6.750%, VAR USD Swap Semi 30/360 5 Yr Curr+5.093%, 10/19/2075 (C)		830		880
5.000%, 09/30/2043		410		530
4.125%, 02/24/2042		40		48
2.875%, 02/24/2022		50		48
Dow Chemical
5.250%, 11/15/2041		25		25
4.800%, 05/15/2049		360		372
DuPont de Nemours
5.319%, 11/15/2038		47		53
4.493%, 11/15/2025 (D)		2,411		2,597
4.205%, 11/15/2023 (D)		893		940
Equate Petrochemical BV MTN
4.250%, 11/03/2026 (C)		480		456
Freeport-McMoRan
5.450%, 03/15/2043		495		443
4.550%, 11/14/2024		40		38
3.875%, 03/15/2023		20		19
3.550%, 03/01/2022		347		335
Glencore Funding
4.125%, 05/30/2023 (C)(D)		200		184
4.125%, 03/12/2024 (C)		1,390		1,278
4.000%, 03/27/2027 (C)		1,220		1,112
3.875%, 10/27/2027 (C)		300		268
3.000%, 10/27/2022 (C)		30		27
2.875%, 04/16/2020 (C)		140		140
Huntsman International
5.125%, 11/15/2022		273		280
4.500%, 05/01/2029		321		274
Industrias Penoles
4.150%, 09/12/2029 (C)		1,005		887
International Flavors & Fragrances
5.000%, 09/26/2048		1,720		1,755
LyondellBasell Industries
5.750%, 04/15/2024		200		225
Minera Mexico
4.500%, 01/26/2050 (C)		329		276
Mosaic
5.625%, 11/15/2043		77		68
5.450%, 11/15/2033		315		305
Nacional del Cobre de Chile
4.250%, 07/17/2042 (C)		970		928


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		79

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

Core Fixed Income Fund (Continued)



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Newmont
2.250%, 10/01/2030	$	540	$	502
Nutrien
5.000%, 04/01/2049		297		358
OCP
4.500%, 10/22/2025 (C)		400		378
Packaging Corp of America
3.000%, 12/15/2029		294		289
Southern Copper
5.250%, 11/08/2042		2,030		2,054
Steel Dynamics
2.800%, 12/15/2024		348		324
Syngenta Finance
3.933%, 04/23/2021 (C)		650		612
Teck Resources
6.250%, 07/15/2041		508		439
6.000%, 08/15/2040		30		26
Vale Overseas
6.875%, 11/21/2036		874		971
6.250%, 08/10/2026		32		34
WestRock RKT
4.000%, 03/01/2023		70		67
WRKCo
4.900%, 03/15/2029 (D)		385		414
3.000%, 09/15/2024 (D)		750		729
				31,225
Real Estate — 0.7%
Alexandria Real Estate Equities
4.900%, 12/15/2030		332		360
American Campus Communities Operating Partnership
3.750%, 04/15/2023		1,350		1,361
3.625%, 11/15/2027		745		743
3.300%, 07/15/2026		1,495		1,474
American Tower
3.950%, 03/15/2029		180		187
3.800%, 08/15/2029		329		333
AvalonBay Communities MTN
4.350%, 04/15/2048		110		116
Boston Properties
3.800%, 02/01/2024		1,250		1,269
3.400%, 06/21/2029		720		692
Brandywine Operating Partnership
3.950%, 11/15/2027		17		16
CubeSmart
4.375%, 02/15/2029		365		379
CyrusOne
2.900%, 11/15/2024		1,250		1,193
Digital Realty Trust
3.625%, 10/01/2022		1,260		1,286



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Equinix
3.200%, 11/18/2029	$	380	$	353
2.900%, 11/18/2026		950		870
2.625%, 11/18/2024		950		906
ERP Operating
4.625%, 12/15/2021 (D)		64		65
GLP Capital
5.375%, 04/15/2026		2,615		2,318
5.300%, 01/15/2029		1,536		1,314
5.250%, 06/01/2025		565		523
4.000%, 01/15/2030		715		601
3.350%, 09/01/2024 (D)		125		111
Healthcare Realty Trust
3.875%, 05/01/2025		200		209
3.750%, 04/15/2023		1,400		1,398
Healthpeak Properties
4.250%, 11/15/2023		976		922
4.200%, 03/01/2024		765		767
3.150%, 08/01/2022		1,000		1,001
Life Storage
3.875%, 12/15/2027		915		822
Mid-America Apartments
4.300%, 10/15/2023		346		344
4.000%, 11/15/2025		414		431
3.950%, 03/15/2029		340		347
3.750%, 06/15/2024 (D)		791		779
3.600%, 06/01/2027		49		49
Prologis
3.000%, 04/15/2050		115		99
Regency Centers
2.950%, 09/15/2029		735		692
Sabra Health Care
3.900%, 10/15/2029		715		639
Simon Property Group
2.450%, 09/13/2029		1,020		925
2.000%, 09/13/2024		355		342
Spirit Realty
3.400%, 01/15/2030		407		350
STORE Capital
4.625%, 03/15/2029		250		237
4.500%, 03/15/2028		1,272		1,269
UDR
3.000%, 08/15/2031		520		497
Ventas Realty
4.750%, 11/15/2030		675		661
3.850%, 04/01/2027		500		486
Welltower
4.500%, 01/15/2024		102		105
3.750%, 03/15/2023		500		504
				30,345


80		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)

Utilities — 2.0%
AEP Texas
6.650%, 02/15/2033	$	500	$	656
Alabama Power
3.700%, 12/01/2047		1,810		1,885
3.450%, 10/01/2049		676		687
Berkshire Hathaway Energy
4.050%, 04/15/2025 (C)		336		364
3.750%, 11/15/2023		156		163
3.700%, 07/15/2030 (C)		759		814
Black Hills
3.875%, 10/15/2049		304		259
3.050%, 10/15/2029		1,093		1,037
Boston Gas
4.487%, 02/15/2042 (C)		35		36
Carolina Power & Light
2.800%, 05/15/2022		25		25
CenterPoint Energy
3.600%, 11/01/2021		595		594
2.950%, 03/01/2030		320		303
2.500%, 09/01/2022		69		67
2.500%, 09/01/2024		736		716
CenterPoint Energy Resources
4.100%, 09/01/2047		330		342
Cleco Power
6.000%, 12/01/2040		700		895
Comision Federal de Electricidad
4.750%, 02/23/2027 (C)		240		222
Consolidated Edison of New York
4.650%, 12/01/2048		1,500		1,702
4.450%, 03/15/2044		1,500		1,659
3.950%, 04/01/2050		130		137
3.350%, 04/01/2030		180		185
Dominion Energy
3.300%, 03/15/2025		1,610		1,629
3.071%, 08/15/2024		980		977
2.000%, 08/15/2021		476		473
DTE Electric
2.950%, 03/01/2050		1,012		943
2.250%, 03/01/2030		710		686
DTE Energy
3.800%, 03/15/2027		159		162
2.600%, 06/15/2022		343		335
2.529%, 10/01/2024		1,397		1,357
Duke Energy
4.200%, 06/15/2049		224		225
3.550%, 09/15/2021		76		77
3.150%, 08/15/2027		280		276
2.650%, 09/01/2026		441		438
2.400%, 08/15/2022 (D)		340		339
1.800%, 09/01/2021		891		883



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Duke Energy Carolinas
4.300%, 06/15/2020	$	39	$	39
4.250%, 12/15/2041		628		711
4.000%, 09/30/2042		1,000		1,125
Duke Energy Florida
3.850%, 11/15/2042		380		416
3.200%, 01/15/2027		1,080		1,121
Duke Energy Indiana
4.200%, 03/15/2042		30		33
3.750%, 07/15/2020		52		52
2.750%, 04/01/2050		280		263
Duke Energy Progress
4.100%, 05/15/2042		425		490
Duquesne Light Holdings
6.400%, 09/15/2020 (C)		1,950		1,992
Edison International
5.750%, 06/15/2027 (D)		505		524
4.125%, 03/15/2028		2		2
Enel Finance International
4.875%, 06/14/2029 (C)		284		309
4.625%, 09/14/2025 (C)		1,771		1,880
Entergy
5.125%, 09/15/2020		400		400
Evergy
2.900%, 09/15/2029		679		642
2.450%, 09/15/2024		639		627
Evergy Metro
5.300%, 10/01/2041		100		120
Eversource Energy
2.900%, 10/01/2024		1,610		1,523
Exelon
5.625%, 06/15/2035		760		872
4.700%, 04/15/2050		404		416
4.050%, 04/15/2030		897		906
3.950%, 06/15/2025		375		377
2.850%, 06/15/2020		1,090		1,090
FirstEnergy
4.250%, 03/15/2023		1,198		1,224
3.900%, 07/15/2027		1,548		1,572
2.850%, 07/15/2022		150		146
2.650%, 03/01/2030		360		336
FirstEnergy, Ser C
7.375%, 11/15/2031		3,685		4,801
FirstEnergy Transmission
5.450%, 07/15/2044 (C)		35		39
Indiana Michigan Power
4.550%, 03/15/2046		325		363
Interstate Power & Light
3.500%, 09/30/2049		252		228
ITC Holdings
4.050%, 07/01/2023		1,152		1,180
3.650%, 06/15/2024		633		643


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		81

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

Core Fixed Income Fund (Continued)



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
2.700%, 11/15/2022	$	680	$	674
Jersey Central Power & Light
4.700%, 04/01/2024 (C)		700		747
4.300%, 01/15/2026 (C)		297		321
KCP&L Greater Missouri Operations
8.270%, 11/15/2021		2,700		2,903
KeySpan Gas East
2.742%, 08/15/2026 (C)		1,025		1,037
Metropolitan Edison
4.300%, 01/15/2029 (C)		534		557
3.500%, 03/15/2023 (C)		2,775		2,889
MidAmerican Energy
4.800%, 09/15/2043		830		901
3.650%, 08/01/2048		359		385
Mid-Atlantic Interstate Transmission
4.100%, 05/15/2028 (C)		826		868
Mississippi Power
4.250%, 03/15/2042		498		475
3.950%, 03/30/2028		830		853
NiSource
5.800%, 02/01/2042		149		166
4.375%, 05/15/2047		342		346
2.650%, 11/17/2022		600		605
Oncor Electric Delivery
4.550%, 12/01/2041		690		791
3.700%, 05/15/2050 (C)		348		407
2.750%, 05/15/2030 (C)		1,728		1,795
PECO Energy
4.150%, 10/01/2044		1,140		1,265
Pennsylvania Electric
5.200%, 04/01/2020		200		200
3.250%, 03/15/2028 (C)		283		269
Perusahaan Listrik Negara MTN
6.150%, 05/21/2048 (C)		500		540
PPL Capital Funding
5.000%, 03/15/2044 (D)		453		484
3.400%, 06/01/2023		99		102
3.100%, 05/15/2026 (D)		821		835
Progress Energy
3.150%, 04/01/2022		280		283
Public Service Electric & Gas MTN
3.700%, 05/01/2028		1,545		1,666
Public Service of New Hampshire
3.500%, 11/01/2023		515		550
Sempra Energy
3.800%, 02/01/2038		161		151
2.900%, 02/01/2023 (D)		480		477
Southern California Edison
4.650%, 10/01/2043		164		180
4.125%, 03/01/2048		977		1,042
4.050%, 03/15/2042		5		5
3.700%, 08/01/2025		99		102



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
3.650%, 02/01/2050	$	425	$	412
2.850%, 08/01/2029 (D)		344		331
Southern California Gas
2.600%, 06/15/2026		194		192
2.550%, 02/01/2030		1,664		1,659
Southern Gas Capital
4.400%, 05/30/2047		500		495
Southwestern Public Service
3.750%, 06/15/2049		955		1,000
Trans-Allegheny Interstate Line
3.850%, 06/01/2025 (C)		237		248
Union Electric
2.950%, 03/15/2030		2,113		2,177
Virginia Electric & Power
4.650%, 08/15/2043 (D)		585		677
2.950%, 01/15/2022		330		333
Vistra Operations
4.300%, 07/15/2029 (C)		1,590		1,410
3.550%, 07/15/2024 (C)		1,045		982
Xcel Energy
3.500%, 12/01/2049		165		145
				82,942

Total Corporate Obligations (Cost $1,283,585) ($ Thousands)				1,292,063

U.S. TREASURY OBLIGATIONS — 13.8%
U.S. Treasury Bills
1.553%, 04/21/2020 (A)		34,410		34,409
1.539%, 04/16/2020 (A)		10,875		10,875
1.536%, 07/16/2020 (A)		7,700		7,698
1.522%, 07/09/2020 (A)		6,275		6,274
0.225%, 09/10/2020 (A)		2,673		2,671
U.S. Treasury Bonds
3.750%, 11/15/2043		3,120		4,697
3.125%, 08/15/2044		5,393		7,444
3.125%, 05/15/2048		59		84
3.000%, 05/15/2045		5,609		7,640
3.000%, 02/15/2049		130		181
2.875%, 05/15/2043		1,961		2,588
2.875%, 05/15/2049		150		205
2.750%, 11/15/2042		6,706		8,674
2.750%, 08/15/2047		2,120		2,809
2.500%, 02/15/2045		28,869		36,096
2.500%, 02/15/2046		5,310		6,694
2.500%, 05/15/2046		5,092		6,424
2.375%, 11/15/2049		24,058		29,973
2.293%, 05/15/2049 (A)		5,380		3,545
2.250%, 08/15/2046		3,529		4,260
2.250%, 08/15/2049		24,725		30,121
2.000%, 02/15/2050		40,458		46,870


82		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020



Description	Face Amount (Thousands)		Market Value ($ Thousands)

U.S. TREASURY OBLIGATIONS (continued)
U.S. Treasury Inflation Protected Securities
1.375%, 02/15/2044	$	3,398	$	4,356
1.000%, 02/15/2046		2,428		2,951
1.000%, 02/15/2048		4,289		5,280
1.000%, 02/15/2049		14,069		17,050
0.750%, 02/15/2042		2,477		2,774
0.250%, 07/15/2029		14,918		15,489
0.250%, 02/15/2050		23,744		24,470
0.125%, 07/15/2024		1,928		1,933
0.125%, 10/15/2024		10,814		10,946
U.S. Treasury Notes
2.875%, 09/30/2023		70		76
2.875%, 10/31/2023		1,130		1,232
2.875%, 11/30/2025		1,682		1,908
2.500%, 01/15/2022		7,760		8,077
2.500%, 01/31/2024		3,134		3,393
2.000%, 02/15/2023		10,995		11,537
1.750%, 01/31/2023		13,745		14,315
1.625%, 11/15/2022		19,660		20,356
1.500%, 10/31/2021		290		296
1.500%, 01/15/2023		2,210		2,286
1.500%, 09/30/2024		3,882		4,079
1.500%, 11/30/2024		410		432
1.500%, 01/31/2027		3,285		3,495
1.500%, 02/15/2030		47,912		51,586
1.375%, 01/31/2022		240		245
1.375%, 02/15/2023		1,235		1,274
1.375%, 01/31/2025		1,623		1,700
1.125%, 02/28/2022		861		875
1.125%, 02/28/2025		1,150		1,192
0.625%, 03/31/2027		21,246		21,344
0.500%, 03/15/2023		3,505		3,527
0.500%, 03/31/2025		61,636		62,014
0.375%, 03/31/2022		15,930		15,976

Total U.S. Treasury Obligations (Cost $544,601) ($ Thousands)				576,696

ASSET-BACKED SECURITIES — 6.7%

Automotive — 0.9%

Ally Auto Receivables Trust, Ser 2019-3, Cl A4
1.960%, 12/16/2024		670		661
Avis Budget Rental Car Funding AESOP, Ser 2017-1A, Cl A
3.070%, 09/20/2023 (C)		333		313
Avis Budget Rental Car Funding AESOP, Ser 2019-3A, Cl A
2.360%, 03/20/2026 (C)		777		680
Avis Budget Rental Car Funding AESOP, Ser 2020-1A, Cl A
2.330%, 08/20/2026 (C)		1,120		986



Description	Face Amount (Thousands)		Market Value ($ Thousands)

ASSET-BACKED SECURITIES (continued)
Chesapeake Funding II, Ser 2017-3A, Cl B
2.570%, 08/15/2029 (C)	$	205	$	203
Chesapeake Funding II, Ser 2019-1A, Cl A1
2.940%, 04/15/2031 (C)		1,005		997
Drive Auto Receivables Trust, Ser 2019-3, Cl A3
2.490%, 06/15/2023		995		986
Drive Auto Receivables Trust, Ser 2020-1, Cl A2
1.990%, 12/15/2022		265		266
Exeter Automobile Receivables Trust, Ser 2019-4A, Cl A
2.180%, 01/17/2023 (C)		709		704
Ford Credit Auto Owner Trust, Ser 2017-1, Cl A
2.620%, 08/15/2028 (C)		958		955
Ford Credit Auto Owner Trust, Ser 2017-2, Cl A
2.360%, 03/15/2029 (C)		1,999		1,986
Ford Credit Auto Owner Trust, Ser 2018-1, Cl A
3.190%, 07/15/2031 (C)		2,263		2,479
Ford Credit Auto Owner Trust, Ser 2018-2, Cl A
3.470%, 01/15/2030 (C)		1,077		1,082
Ford Credit Auto Owner Trust, Ser 2019-1, Cl A
3.520%, 07/15/2030 (C)		2,077		2,141
Ford Credit Auto Owner Trust, Ser 2019-C, Cl A2A
1.880%, 07/15/2022		120		119
Ford Credit Auto Owner Trust, Ser 2020-1, Cl A
2.040%, 08/15/2031 (C)		3,448		3,190
Ford Credit Floorplan Master Owner Trust A, Ser 2018-4, Cl A
4.060%, 11/15/2030		1,860		1,764
Foursight Capital Automobile Receivables Trust, Ser 2018-1, Cl A3
3.240%, 09/15/2022 (C)		469		468
GM Financial Consumer Automobile Receivables Trust, Ser 2020-1, Cl A2
1.830%, 01/17/2023		390		391
Hertz Fleet Lease Funding, Ser 2017-1, Cl A2
2.130%, 04/10/2031 (C)		173		173
Hertz Fleet Lease Funding, Ser 2019-1, Cl D
3.440%, 01/10/2033 (C)		1,580		1,574
Hertz Vehicle Financing II, Ser 2017-2A, Cl A
3.290%, 10/25/2023 (C)		879		845
Hertz Vehicle Financing II, Ser 2018-1A, Cl A
3.290%, 02/25/2024 (C)		2,349		2,216
Hertz Vehicle Financing II, Ser 2019-1A, Cl A
3.710%, 03/25/2023 (C)		1,097		1,065


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		83

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

Core Fixed Income Fund (Continued)



Description	Face Amount (Thousands)		Market Value ($ Thousands)

ASSET-BACKED SECURITIES (continued)
Hertz Vehicle Financing II, Ser 2019-2A, Cl A
3.420%, 05/25/2025 (C)	$	1,414	$	1,353
Hertz Vehicle Financing II, Ser 2019-3A, Cl A
2.670%, 12/26/2025 (C)		1,170		1,035
Hertz Vehicle Financing, Ser 2018-3A, Cl A
4.030%, 07/25/2024 (C)		996		949
Honda Auto Receivables Owner Trust, Ser 2019-3, Cl A4
1.850%, 08/15/2025		545		550
Honda Auto Receivables Owner Trust, Ser 2019-4, Cl A3
1.830%, 01/18/2024		800		794
Hyundai Auto Receivables Trust, Ser 2019-B, Cl A3
1.940%, 02/15/2024		170		167
Prestige Auto Receivables Trust, Ser 2017-1A, Cl B
2.390%, 05/16/2022 (C)		1,154		1,150
Santander Revolving Auto Loan Trust, Ser 2019-A, Cl A
2.510%, 01/26/2032 (C)		2,103		2,013
Tidewater Auto Receivables Trust, Ser 2020- AA, Cl A2
1.390%, 08/15/2024 (C)		580		561
Toyota Auto Receivables Owner Trust, Ser 2019-C, Cl A3
1.910%, 09/15/2023		695		696
Toyota Auto Receivables Owner Trust, Ser 2019-D, Cl A2
1.920%, 07/15/2022		215		215
				35,727
Credit Cards — 0.1%

Capital One Multi-Asset Execution Trust, Ser 2016-A7, Cl A7
1.215%, VAR ICE LIBOR USD 1 Month+0.510%, 09/16/2024		255		253
Capital One Multi-Asset Execution Trust, Ser 2019-A1, Cl A1
2.840%, 12/15/2024		2,135		2,195
Capital One Multi-Asset Execution Trust, Ser 2019-A3, Cl A3
2.060%, 08/15/2028		715		715
CARDS II Trust, Ser 2019-1A, Cl A
1.095%, VAR ICE LIBOR USD 1 Month+0.390%, 05/15/2024 (C)		750		737
Citibank Credit Card Issuance Trust, Ser 2017-A5, Cl A5
1.544%, VAR ICE LIBOR USD 1 Month+0.620%, 04/22/2026		760		727



Description	Face Amount (Thousands)		Market Value ($ Thousands)

ASSET-BACKED SECURITIES (continued)
Citibank Credit Card Issuance Trust, Ser 2018-A2, Cl A2
1.103%, VAR ICE LIBOR USD 1 Month+0.330%, 01/20/2025	$	235	$	229
Citibank Credit Card Issuance Trust, Ser 2018-A6, Cl A6
3.210%, 12/07/2024		515		538
Discover Card Execution Note Trust, Ser 2019-A1, Cl A1
3.040%, 07/15/2024		515		531
				5,925
Mortgage Related Securities — 0.4%

Aegis Asset-Backed Securities Trust, Ser 2003-3, Cl M1
1.997%, VAR ICE LIBOR USD 1 Month+1.050%, 01/25/2034		505		438
Aegis Asset-Backed Securities Trust, Ser 2005-5, Cl 2A
1.197%, VAR ICE LIBOR USD 1 Month+0.250%, 12/25/2035		509		500
Bear Stearns Asset-Backed Securities I Trust, Ser 2004-HE6, Cl M1
1.802%, VAR ICE LIBOR USD 1 Month+0.855%, 08/25/2034		2,599		2,184
Bear Stearns Asset-Backed Securities Trust, Ser 2004-HE10, Cl M1
1.922%, VAR ICE LIBOR USD 1 Month+0.975%, 12/25/2034		379		335
Centex Home Equity, Ser 2006-A, Cl AV4
1.197%, VAR ICE LIBOR USD 1 Month+0.250%, 06/25/2036		790		782
Citifinancial Mortgage Securities, Ser 2004- 1, Cl AF4
5.070%, 04/25/2034		246		246
Citigroup Global Markets Mortgage Securities VII, Ser 2003-UP1, Cl A
3.950%, 04/25/2032 (C)		1		1
Citigroup Mortgage Loan Trust, Ser 2006- HE2, Cl A2D
1.187%, VAR ICE LIBOR USD 1 Month+0.240%, 08/25/2036		2,941		2,916
Citigroup Mortgage Loan Trust, Ser 2006- HE2, Cl M1
1.237%, VAR ICE LIBOR USD 1 Month+0.290%, 08/25/2036		4,960		4,685
Master Asset-Backed Securities Trust, Ser 2007-HE1, Cl A4
1.227%, VAR ICE LIBOR USD 1 Month+0.280%, 05/25/2037		5,500		3,729


84		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020



Description	Face Amount (Thousands)		Market Value ($ Thousands)

ASSET-BACKED SECURITIES (continued)
Morgan Stanley ABS Capital I Trust, Ser 2005-HE1, Cl M1
1.622%, VAR ICE LIBOR USD 1 Month+0.675%, 12/25/2034	$	456	$	404
New Century Home Equity Loan Trust, Ser 2003-A, Cl A
1.667%, VAR ICE LIBOR USD 1 Month+0.720%, 10/25/2033 (C)		111		98
Option One Mortgage Loan Trust, Ser 2005- 4, Cl M1
1.387%, VAR ICE LIBOR USD 1 Month+0.440%, 11/25/2035		379		374
Option One Mortgage Loan Trust, Ser 2006- 1, Cl 1A1
1.167%, VAR ICE LIBOR USD 1 Month+0.220%, 01/25/2036		1,205		1,160
Structured Asset Securities Mortgage Pass- Through Certificates, Ser 2002-AL1, Cl A2
3.450%, 02/25/2032		17		16
				17,868
Non-Agency Mortgage-Backed Obligations — 0.2%

BBCMS Mortgage Trust, Ser C6, Cl A2
2.690%, 02/15/2053		660		678
CAMB Commercial Mortgage Trust, Ser LIFE, Cl C
2.155%, VAR ICE LIBOR USD 1 Month+1.450%, 12/15/2037 (C)		425		385
CFK Trust, Ser MF2, Cl E
3.572%, 03/15/2039 (C)		2,840		1,981
CFK Trust, Ser MF2, Cl F
3.572%, 03/15/2039 (C)		2,960		1,824
CSAIL Commercial Mortgage Trust, Ser C19, Cl AS
2.971%, 03/15/2053		580		564
CSAIL Commercial Mortgage Trust, Ser C19, Cl C
3.735%, 03/15/2053		500		394
MKT Mortgage Trust, Ser 525M, Cl A
2.694%, 02/12/2040 (C)		1,750		1,618
				7,444
Other Asset-Backed Securities — 5.1%

Academic Loan Funding Trust, Ser 2012-1A, Cl A2
2.047%, VAR ICE LIBOR USD 1 Month+1.100%, 12/27/2044 (C)		1,567		1,509
American Tower Trust, Ser 2013-13, Cl 2A
3.070%, 03/15/2048 (C)		505		496



Description	Face Amount (Thousands)		Market Value ($ Thousands)

ASSET-BACKED SECURITIES (continued)
Ameriquest Mortgage Security Asset-Backed Pass-Through Certificates, Ser 2005-R10, Cl M1
1.357%, VAR ICE LIBOR USD 1 Month+0.410%, 01/25/2036	$	266	$	265
Apidos CLO XXI, Ser 2018-21A, Cl A1R
2.749%, VAR ICE LIBOR USD 3 Month+0.930%, 07/18/2027 (C)		620		604
Applebee’s Funding, Ser 2019-1A, Cl A2I
4.194%, 06/07/2049 (C)		1,870		1,701
Ascentium Equipment Receivables, Ser 2019- 2A, Cl A3
2.190%, 11/10/2026 (C)		1,010		998
Babson CLO, Ser 2017-IA, Cl AR
2.619%, VAR ICE LIBOR USD 3 Month+0.800%, 01/20/2028 (C)		1,175		1,151
Barings BDC Static CLO, Ser 2019-1A, Cl A1
2.851%, VAR ICE LIBOR USD 3 Month+1.020%, 04/15/2027 (C)		719		704
Brazos Higher Education Authority, Ser 2010- 1, Cl A2
2.879%, VAR ICE LIBOR USD 3 Month+1.200%, 02/25/2035		3,050		2,943
Brazos Higher Education Authority, Ser 2011- 2, Cl A3
2.794%, VAR ICE LIBOR USD 3 Month+1.000%, 10/27/2036		2,150		2,078
Carlyle Global Market Strategies CLO, Ser 2018-2A, Cl A1R
2.574%, VAR ICE LIBOR USD 3 Month+0.780%, 04/27/2027 (C)		–		–
Chase Funding Mortgage Loan Asset-Backed Certificates, Ser 2003-6, Cl 1A5
5.005%, 11/25/2034		46		45
CIT Education Loan Trust, Ser 2007-1, Cl A
1.306%, VAR ICE LIBOR USD 3 Month+0.090%, 03/25/2042 (C)		1,195		1,071
Citicorp Residential Mortgage Trust, Ser 2007-1, Cl A5
5.259%, 03/25/2037		1,970		1,932
Citicorp Residential Mortgage Trust, Ser 2007-1, Cl M1
5.259%, 03/25/2037		1,430		1,309
College Ave Student Loans, Ser 2019-A, Cl A2
3.280%, 12/28/2048 (C)		1,694		1,714
College Avenue Student Loans, Ser 2017-A, Cl A1
2.597%, VAR ICE LIBOR USD 1 Month+1.650%, 11/26/2046 (C)		710		691
College Avenue Student Loans, Ser 2018-A, Cl A2
4.130%, 12/26/2047 (C)		408		431


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		85

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

Core Fixed Income Fund (Continued)



Description	Face Amount (Thousands)		Market Value ($ Thousands)

ASSET-BACKED SECURITIES (continued)
Commonbond Student Loan Trust, Ser 2018- BGS, Cl A1
3.560%, 09/25/2045 (C)	$	3,577	$	3,689
Commonbond Student Loan Trust, Ser 2018- CGS, Cl A1
3.870%, 02/25/2046 (C)		1,625		1,674
Community Funding CLO, Ser 2015-1A, Cl A
5.750%, 11/01/2027 (C)		1,487		1,568
Countrywide Asset-Backed Certificates, Ser 2004-5, Cl 1A
1.447%, VAR ICE LIBOR USD 1 Month+0.500%, 10/25/2034		468		417
Countrywide Asset-Backed Certificates, Ser 2004-6, Cl 1A1
1.487%, VAR ICE LIBOR USD 1 Month+0.540%, 12/25/2034		311		287
Countrywide Asset-Backed Certificates, Ser 2007-13, Cl 2A2
1.747%, VAR ICE LIBOR USD 1 Month+0.800%, 10/25/2047		1,834		1,564
Countrywide Home Equity Loan Trust, Ser 2006-F, Cl 2A1A
0.845%, VAR ICE LIBOR USD 1 Month+0.140%, 07/15/2036		406		368
CSEMC, Ser 2020-1, Cl A
7.252%, 08/09/2024		1,330		1,333
CSMC Trust, Ser 2017-RPL1, Cl M2
3.074%, 07/25/2057 (B)(C)		1,760		1,144
CWABS Revolving Home Equity Loan Trust, Ser 2004-K, Cl 2A
1.005%, VAR ICE LIBOR USD 1 Month+0.300%, 02/15/2034		65		64
Dividend Solar Loans, Ser 2019-1, Cl A
3.670%, 08/22/2039 (C)		1,941		1,824
DRB Prime Student Loan Trust, Ser 2015-D, Cl A2
3.200%, 01/25/2040 (C)		132		134
Dryden XXVI Senior Loan Fund, Ser 2018- 26A, Cl AR
2.731%, VAR ICE LIBOR USD 3 Month+0.900%, 04/15/2029 (C)		1,150		1,111
Earnest Student Loan Program, Ser 2016-D, Cl A2
2.720%, 01/25/2041 (C)		257		259
Educational Funding of the South, Ser 2011- 1, Cl A2
2.444%, VAR ICE LIBOR USD 3 Month+0.650%, 04/25/2035		800		762
First Franklin Mortgage Loan Asset-Backed Certificates, Ser 2004-FF5, Cl A3C
1.947%, VAR ICE LIBOR USD 1 Month+1.000%, 08/25/2034		425		432



Description	Face Amount (Thousands)		Market Value ($ Thousands)

ASSET-BACKED SECURITIES (continued)
First Franklin Mortgage Loan Asset-Backed Certificates, Ser 2005-FF8, Cl M1
1.682%, VAR ICE LIBOR USD 1 Month+0.735%, 09/25/2035	$	487	$	482
FNMA Grantor Trust, Ser 2017-T1, Cl A
2.898%, 06/25/2027		200		211
Galaxy XXIX CLO, Ser 2018-29A, Cl A
2.482%, VAR ICE LIBOR USD 3 Month+0.790%, 11/15/2026 (C)		2,081		2,019
Global SC Finance, Ser 2014-1A, Cl A2
3.090%, 07/17/2029 (C)		732		678
GoldenTree Loan Opportunities IX, Ser 2018- 9A, Cl AR2
2.885%, VAR ICE LIBOR USD 3 Month+1.110%, 10/29/2029 (C)		3,000		2,904
GSAMP Trust, Ser 2003-SEA, Cl A1
1.347%, VAR ICE LIBOR USD 1 Month+0.400%, 02/25/2033		678		633
GSAMP Trust, Ser 2006-HE3, Cl A2D
1.197%, VAR ICE LIBOR USD 1 Month+0.250%, 05/25/2046		3,300		2,743
GSAMP Trust, Ser 2006-NC1, Cl A3
1.237%, VAR ICE LIBOR USD 1 Month+0.290%, 02/25/2036		1,474		1,430
Higher Education Funding, Ser 2014-1, Cl A
2.729%, VAR ICE LIBOR USD 3 Month+1.050%, 05/25/2034 (C)		1,809		1,765
Hilton Grand Vacations Trust, Ser 2014-AA, Cl A
1.770%, 11/25/2026 (C)		215		213
Hilton Grand Vacations Trust, Ser 2017-AA, Cl A
2.660%, 12/26/2028 (C)		662		650
Home Partners of America Trust, Ser 2019-2, Cl A
2.703%, 10/19/2039 (C)		1,797		1,688
HSI Asset Securitization Trust, Ser 2006- OPT3, Cl 3A3
1.127%, VAR ICE LIBOR USD 1 Month+0.180%, 02/25/2036		157		154
HSI Asset Securitization Trust, Ser 2006- OPT4, Cl 1A1
1.117%, VAR ICE LIBOR USD 1 Month+0.170%, 03/25/2036		657		648
JFIN CLO, Ser 2017-2A, Cl A1AR
2.989%, VAR ICE LIBOR USD 3 Month+1.170%, 07/20/2026 (C)		217		213
JGWPT XXX, Ser 2013-3A, Cl A
4.080%, 01/17/2073 (C)		912		932
JGWPT XXXII, Ser 2014-2A, Cl A
3.610%, 01/17/2073 (C)		1,240		1,235
JPM
2.455%, 04/25/2040		1,920		2,001


86		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020



Description	Face Amount (Thousands)		Market Value ($ Thousands)

ASSET-BACKED SECURITIES (continued)
LCM XIII, Ser 2019-13A, Cl ARR
2.959%, VAR ICE LIBOR USD 3 Month+1.140%, 07/19/2027 (C)	$	1,400	$	1,357
LCM XXI, Ser 2018-21A, Cl AR
2.699%, VAR ICE LIBOR USD 3 Month+0.880%, 04/20/2028 (C)		1,290		1,253
LMREC, Ser CRE2, Cl A
3.329%, VAR ICE LIBOR USD 1 Month+1.700%, 11/24/2031 (C)		85		84
Magnetite VII, Ser 2018-7A, Cl A1R2
2.631%, VAR ICE LIBOR USD 3 Month+0.800%, 01/15/2028 (C)		1,000		964
Mercedes-Benz Master Owner Trust, Ser 2019-AA, Cl A
1.055%, VAR ICE LIBOR USD 1 Month+0.350%, 05/15/2023 (C)		250		245
Mid-State Trust, Ser 2003-11, Cl A1
4.864%, 07/15/2038		2,011		1,994
Mill City Mortgage Trust, Ser 2015-2, Cl A2
3.000%, 09/25/2057 (B)(C)		1,473		1,469
Morgan Stanley Resecuritization Trust, Ser 2015-R7, Cl 1BXA
8.311%, 02/26/2029 (B)(C)		930		917
MVW, Ser 2019-2A, Cl A
2.220%, 10/20/2038 (C)		1,949		1,790
Navient Private Education Loan Trust, Ser 2014-CTA, Cl A
1.405%, VAR ICE LIBOR USD 1 Month+0.700%, 09/16/2024 (C)		11		11
Navient Private Education Loan Trust, Ser 2016-AA, Cl A2B
2.855%, VAR ICE LIBOR USD 1 Month+2.150%, 12/15/2045 (C)		500		496
Navient Private Education Loan Trust, Ser 2018-BA, Cl A2A
3.610%, 12/15/2059 (C)		423		440
Navient Private Education Refi Loan Trust, Ser 2018-A, Cl A2
3.190%, 02/18/2042 (C)		475		482
Navient Private Education Refi Loan Trust, Ser 2018-CA, Cl A2
3.520%, 06/16/2042 (C)		526		533
Navient Private Education Refi Loan Trust, Ser 2018-DA, Cl A2A
4.000%, 12/15/2059 (C)		1,816		1,897
Navient Private Education Refi Loan Trust, Ser 2019-A, Cl A2A
3.420%, 01/15/2043 (C)		2,108		2,126
Navient Private Education Refi Loan Trust, Ser 2019-CA, Cl A2
3.130%, 02/15/2068 (C)		1,149		1,131



Description	Face Amount (Thousands)		Market Value ($ Thousands)

ASSET-BACKED SECURITIES (continued)
Navient Private Education Refi Loan Trust, Ser 2019-D, Cl A2A
3.010%, 12/15/2059 (C)	$	1,761	$	1,577
Navient Private Education Refi Loan Trust, Ser 2019-FA, Cl A2
2.600%, 08/15/2068 (C)		4,709		4,758
Navient Private Education Refi Loan Trust, Ser 2019-GA, Cl A
2.400%, 10/15/2068 (C)		1,945		1,959
Navient Private Education Refi Loan Trust, Ser 2020-A, Cl A2A
2.460%, 11/15/2068 (C)		965		976
Navient Private Education Refi Loan Trust, Ser 2020-A, Cl A2B
1.605%, VAR ICE LIBOR USD 1 Month+0.900%, 11/15/2068 (C)		836		801
Navient Private Education Refi Loan Trust, Ser 2020-BA, Cl A1
1.800%, 01/15/2069 (C)		875		872
Navient Private Education Refi Loan Trust, Ser 2020-BA, Cl A2
2.120%, 01/15/2069 (C)		748		750
Navient Private Education Refi Loan Trust, Ser 2020-CA, Cl A2A
2.150%, 11/15/2068 (C)		738		723
Navient Student Loan Trust, Ser 2014-1, Cl A3
1.457%, VAR ICE LIBOR USD 1 Month+0.510%, 06/25/2031		3,968		3,846
Navient Student Loan Trust, Ser 2014-2, Cl A
1.587%, VAR ICE LIBOR USD 1 Month+0.640%, 03/25/2083		2,410		2,266
Navient Student Loan Trust, Ser 2014-3, Cl A
1.567%, VAR ICE LIBOR USD 1 Month+0.620%, 03/25/2083		2,549		2,394
Navient Student Loan Trust, Ser 2014-4, Cl A
1.567%, VAR ICE LIBOR USD 1 Month+0.620%, 03/25/2083		1,745		1,637
Navient Student Loan Trust, Ser 2015-1, Cl A2
1.547%, VAR ICE LIBOR USD 1 Month+0.600%, 04/25/2040		797		757
Navient Student Loan Trust, Ser 2016-1A, Cl A
1.647%, VAR ICE LIBOR USD 1 Month+0.700%, 02/25/2070 (C)		987		945
Navient Student Loan Trust, Ser 2016-2A, Cl A3
2.447%, VAR ICE LIBOR USD 1 Month+1.500%, 06/25/2065 (C)		1,270		1,267
Navient Student Loan Trust, Ser 2016-3A, Cl A2
1.797%, VAR ICE LIBOR USD 1 Month+0.850%, 06/25/2065 (C)		164		164


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		87

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

Core Fixed Income Fund (Continued)



Description	Face Amount (Thousands)		Market Value ($ Thousands)

ASSET-BACKED SECURITIES (continued)
Navient Student Loan Trust, Ser 2017-1A, Cl A3
2.097%, VAR ICE LIBOR USD 1 Month+1.150%, 07/26/2066 (C)	$	1,000	$	914
Navient Student Loan Trust, Ser 2017-3A, Cl A3
1.997%, VAR ICE LIBOR USD 1 Month+1.050%, 07/26/2066 (C)		2,900		2,712
Navient Student Loan Trust, Ser 2018-EA, Cl A2
4.000%, 12/15/2059 (C)		1,170		1,211
Navient Student Loan Trust, Ser 2019-BA, Cl A2A
3.390%, 12/15/2059 (C)		1,416		1,480
Nelnet Student Loan Trust, Ser 2004-3, Cl A5
1.974%, VAR ICE LIBOR USD 3 Month+0.180%, 10/27/2036		689		661
Nelnet Student Loan Trust, Ser 2004-4, Cl A5
1.954%, VAR ICE LIBOR USD 3 Month+0.160%, 01/25/2037		1,214		1,160
Nelnet Student Loan Trust, Ser 2005-1, Cl A5
1.904%, VAR ICE LIBOR USD 3 Month+0.110%, 10/25/2033		4,141		3,987
Nelnet Student Loan Trust, Ser 2005-2, Cl A5
1.295%, VAR ICE LIBOR USD 3 Month+0.100%, 03/23/2037		3,414		3,208
Nelnet Student Loan Trust, Ser 2005-3, Cl A5
1.315%, VAR ICE LIBOR USD 3 Month+0.120%, 12/24/2035		3,329		3,227
Nelnet Student Loan Trust, Ser 2005-4, Cl A4
1.375%, VAR ICE LIBOR USD 3 Month+0.180%, 03/22/2032		516		484
Nelnet Student Loan Trust, Ser 2007-2A, Cl A3L
1.566%, VAR ICE LIBOR USD 3 Month+0.350%, 03/25/2026 (C)		55		54
Nelnet Student Loan Trust, Ser 2012-2A, Cl A
1.747%, VAR ICE LIBOR USD 1 Month+0.800%, 12/26/2033 (C)		441		425
Nelnet Student Loan Trust, Ser 2012-4A, Cl A
1.647%, VAR ICE LIBOR USD 1 Month+0.700%, 09/27/2038 (C)		824		796
Nelnet Student Loan Trust, Ser 2013-1A, Cl A
1.547%, VAR ICE LIBOR USD 1 Month+0.600%, 06/25/2041 (C)		643		612
Nelnet Student Loan Trust, Ser 2014-1A, Cl A
1.517%, VAR ICE LIBOR USD 1 Month+0.570%, 09/25/2041 (C)		413		396
Nelnet Student Loan Trust, Ser 2014-2A, Cl A3
1.797%, VAR ICE LIBOR USD 1 Month+0.850%, 07/27/2037 (C)		950		888



Description	Face Amount (Thousands)		Market Value ($ Thousands)

ASSET-BACKED SECURITIES (continued)
Nelnet Student Loan Trust, Ser 2014-4A, Cl A2
1.897%, VAR ICE LIBOR USD 1 Month+0.950%, 11/25/2048 (C)	$	2,155	$	1,924
Nelnet Student Loan Trust, Ser 2016-1A, Cl A
1.747%, VAR ICE LIBOR USD 1 Month+0.800%, 09/25/2065 (C)		1,433		1,402
Ocean Trails CLO IV, Ser 2017-4A, Cl AR
2.607%, VAR ICE LIBOR USD 3 Month+0.900%, 08/13/2025 (C)		248		247
Octagon Investment Partners 25, Ser 2018- 1A, Cl AR
2.619%, VAR ICE LIBOR USD 3 Month+0.800%, 10/20/2026 (C)		910		888
Orange Lake Timeshare Trust, Ser 2019-A, Cl A
3.060%, 04/09/2038 (C)		1,036		1,012
Origen Manufactured Housing, Ser 2006-A, Cl A2
3.799%, 10/15/2037 (B)		1,214		1,086
PFCA Home Equity Investment Trust, Ser 2004-GP2, Cl A
3.627%, 08/25/2035 (B)(C)		1,261		1,189
RAMP Trust, Ser 2006-RZ3, Cl M1
1.297%, VAR ICE LIBOR USD 1 Month+0.350%, 08/25/2036		6,530		5,835
RMF Buyout Issuance Trust, Ser 2018-1, Cl A
3.436%, 11/25/2028 (B)(C)		619		618
SBA Small Business Investment, Ser 2018- 10B, Cl 1
3.548%, 09/10/2028		1,336		1,420
SBA Small Business Investment, Ser 2019- 10A, Cl 1
3.113%, 03/10/2029		758		773
Sierra Timeshare Receivables Funding, Ser 2019-3A, Cl A
2.340%, 08/20/2036 (C)		1,611		1,475
SLC Student Loan Trust, Ser 2005-3, Cl A4
0.891%, VAR ICE LIBOR USD 3 Month+0.150%, 12/15/2039		1,240		1,122
SLC Student Loan Trust, Ser 2007-1, Cl A5
1.782%, VAR ICE LIBOR USD 3 Month+0.090%, 02/15/2068		391		346
SLC Student Loan Trust, Ser 2008-1, Cl A4A
2.341%, VAR ICE LIBOR USD 3 Month+1.600%, 12/15/2032		588		582
SLM Private Credit Student Loan Trust, Ser 2004-B, Cl A3
1.071%, VAR ICE LIBOR USD 3 Month+0.330%, 03/15/2024		679		669
SLM Private Credit Student Loan Trust, Ser 2005-A, Cl A4
1.051%, VAR ICE LIBOR USD 3 Month+0.310%, 12/15/2038		1,560		1,490


88		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020



Description	Face Amount (Thousands)		Market Value ($ Thousands)

ASSET-BACKED SECURITIES (continued)
SLM Student Loan Trust, Ser 2003-1, Cl A5C
1.491%, VAR ICE LIBOR USD 3 Month+0.750%, 12/15/2032 (C)	$	741	$	696
SLM Student Loan Trust, Ser 2003-7A, Cl A5A
1.941%, VAR ICE LIBOR USD 3 Month+1.200%, 12/15/2033 (C)		2,425		2,346
SLM Student Loan Trust, Ser 2005-4, Cl A4
1.964%, VAR ICE LIBOR USD 3 Month+0.170%, 07/25/2040		3,000		2,675
SLM Student Loan Trust, Ser 2006-10, Cl A6
1.944%, VAR ICE LIBOR USD 3 Month+0.150%, 03/25/2044		1,220		1,085
SLM Student Loan Trust, Ser 2006-2, Cl A6
1.964%, VAR ICE LIBOR USD 3 Month+0.170%, 01/25/2041		461		426
SLM Student Loan Trust, Ser 2006-8, Cl A6
1.954%, VAR ICE LIBOR USD 3 Month+0.160%, 01/25/2041		2,440		2,169
SLM Student Loan Trust, Ser 2007-2, Cl A4
1.854%, VAR ICE LIBOR USD 3 Month+0.060%, 07/25/2022		1,803		1,716
SLM Student Loan Trust, Ser 2007-7, Cl B
2.544%, VAR ICE LIBOR USD 3 Month+0.750%, 10/27/2070		1,050		881
SLM Student Loan Trust, Ser 2008-2, Cl A3
2.544%, VAR ICE LIBOR USD 3 Month+0.750%, 04/25/2023		893		844
SLM Student Loan Trust, Ser 2008-2, Cl B
2.994%, VAR ICE LIBOR USD 3 Month+1.200%, 01/25/2083		685		558
SLM Student Loan Trust, Ser 2008-3, Cl B
2.994%, VAR ICE LIBOR USD 3 Month+1.200%, 04/26/2083		685		572
SLM Student Loan Trust, Ser 2008-4, Cl A4
3.444%, VAR ICE LIBOR USD 3 Month+1.650%, 07/25/2022		711		657
SLM Student Loan Trust, Ser 2008-4, Cl B
3.644%, VAR ICE LIBOR USD 3 Month+1.850%, 04/25/2073		685		567
SLM Student Loan Trust, Ser 2008-5, Cl A4
3.494%, VAR ICE LIBOR USD 3 Month+1.700%, 07/25/2023		126		119
SLM Student Loan Trust, Ser 2008-5, Cl B
3.644%, VAR ICE LIBOR USD 3 Month+1.850%, 07/25/2073		685		598
SLM Student Loan Trust, Ser 2008-6, Cl A4
2.894%, VAR ICE LIBOR USD 3 Month+1.100%, 07/25/2023		3,523		3,416
SLM Student Loan Trust, Ser 2008-6, Cl B
3.644%, VAR ICE LIBOR USD 3 Month+1.850%, 07/26/2083		685		608



Description	Face Amount (Thousands)		Market Value ($ Thousands)

ASSET-BACKED SECURITIES (continued)
SLM Student Loan Trust, Ser 2008-7, Cl B
3.644%, VAR ICE LIBOR USD 3 Month+1.850%, 07/26/2083	$	685	$	612
SLM Student Loan Trust, Ser 2008-8, Cl B
4.044%, VAR ICE LIBOR USD 3 Month+2.250%, 10/25/2075		685		637
SLM Student Loan Trust, Ser 2008-9, Cl A
3.294%, VAR ICE LIBOR USD 3 Month+1.500%, 04/25/2023		1,561		1,541
SLM Student Loan Trust, Ser 2008-9, Cl B
4.044%, VAR ICE LIBOR USD 3 Month+2.250%, 10/25/2083		685		646
SLM Student Loan Trust, Ser 2009-3, Cl A
1.697%, VAR ICE LIBOR USD 1 Month+0.750%, 01/25/2045 (C)		614		590
SLM Student Loan Trust, Ser 2010-1, Cl A
1.347%, VAR ICE LIBOR USD 1 Month+0.400%, 03/25/2025		401		381
SLM Student Loan Trust, Ser 2012-1, Cl A3
1.897%, VAR ICE LIBOR USD 1 Month+0.950%, 09/25/2028		1,986		1,896
SLM Student Loan Trust, Ser 2012-2, Cl A
1.647%, VAR ICE LIBOR USD 1 Month+0.700%, 01/25/2029		1,694		1,611
SLM Student Loan Trust, Ser 2012-6, Cl A3
1.697%, VAR ICE LIBOR USD 1 Month+0.750%, 05/26/2026		375		363
SLM Student Loan Trust, Ser 2013-M1, Cl M1
3.500%, 10/28/2029 (C)		216		215
SMB Private Education Loan Trust, Ser 2015- A, Cl A2B
1.705%, VAR ICE LIBOR USD 1 Month+1.000%, 06/15/2027 (C)		554		539
SMB Private Education Loan Trust, Ser 2015- C, Cl A2B
2.105%, VAR ICE LIBOR USD 1 Month+1.400%, 07/15/2027 (C)		270		269
SMB Private Education Loan Trust, Ser 2016- A, Cl A2A
2.700%, 05/15/2031 (C)		1,209		1,213
SMB Private Education Loan Trust, Ser 2016- A, Cl A2B
2.205%, VAR ICE LIBOR USD 1 Month+1.500%, 05/15/2031 (C)		1,647		1,646
SMB Private Education Loan Trust, Ser 2016- B, Cl A2A
2.430%, 02/17/2032 (C)		596		600
SMB Private Education Loan Trust, Ser 2016- B, Cl A2B
2.155%, VAR ICE LIBOR USD 1 Month+1.450%, 02/17/2032 (C)		1,913		1,902


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		89

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

Core Fixed Income Fund (Continued)



Description	Face Amount (Thousands)		Market Value ($ Thousands)

ASSET-BACKED SECURITIES (continued)
SMB Private Education Loan Trust, Ser 2016- C, Cl A2B
1.805%, VAR ICE LIBOR USD 1 Month+1.100%, 09/15/2034 (C)	$	621	$	607
SMB Private Education Loan Trust, Ser 2017- A, Cl A2B
1.605%, VAR ICE LIBOR USD 1 Month+0.900%, 09/15/2034 (C)		1,163		1,139
SMB Private Education Loan Trust, Ser 2017- B, Cl A2A
2.820%, 10/15/2035 (C)		568		562
SMB Private Education Loan Trust, Ser 2017- B, Cl A2B
1.455%, VAR ICE LIBOR USD 1 Month+0.750%, 10/15/2035 (C)		1,390		1,317
SMB Private Education Loan Trust, Ser 2018- C, Cl A2A
3.630%, 11/15/2035 (C)		689		731
SMB Private Education Loan Trust, Ser 2019- A, Cl A2A
3.440%, 07/15/2036 (C)		2,809		2,663
SoFi Consumer Loan Program Trust, Ser 2017-4, Cl A
2.500%, 05/26/2026 (C)		1,093		1,041
SoFi Consumer Loan Program Trust, Ser 2018-2, Cl A2
3.350%, 04/26/2027 (C)		330		327
SoFi Consumer Loan Program Trust, Ser 2019-3, Cl A
2.900%, 05/25/2028 (C)		810		784
SoFi Consumer Loan Program Trust, Ser 2019-4, Cl A
2.450%, 08/25/2028 (C)		1,399		1,343
SoFi Consumer Loan Program, Ser 2017-6, Cl A2
2.820%, 11/25/2026 (C)		870		849
SoFi Professional Loan Program, Ser 2016-D, Cl A1
1.897%, VAR ICE LIBOR USD 1 Month+0.950%, 01/25/2039 (C)		79		78
SoFi Professional Loan Program, Ser 2016-E, Cl A1
1.797%, VAR ICE LIBOR USD 1 Month+0.850%, 07/25/2039 (C)		154		152
SoFi Professional Loan Program, Ser 2017-A, Cl A1
1.647%, VAR ICE LIBOR USD 1 Month+0.700%, 03/26/2040 (C)		161		154
SoFi Professional Loan Program, Ser 2017-E, Cl A1
1.447%, VAR ICE LIBOR USD 1 Month+0.500%, 11/26/2040 (C)		104		102



Description	Face Amount (Thousands)		Market Value ($ Thousands)

ASSET-BACKED SECURITIES (continued)
SoFi Professional Loan Program, Ser 2017-E, Cl A2B
2.720%, 11/26/2040 (C)	$	2,162	$	2,118
SoFi Professional Loan Program, Ser 2018-A, Cl A2B
2.950%, 02/25/2042 (C)		526		513
SoFi Professional Loan Program, Ser 2020-A, Cl A2FX
2.540%, 05/15/2046 (C)		1,678		1,623
South Carolina Student Loan, Ser 2015-A, Cl A
2.447%, VAR ICE LIBOR USD 1 Month+1.500%, 01/25/2036		1,177		1,156
Structured Asset Investment Loan Trust, Ser 2004-8, Cl A2
1.497%, VAR ICE LIBOR USD 1 Month+0.550%, 09/25/2034		493		407
Structured Asset Investment Loan Trust, Ser 2005-HE1, Cl M1
1.417%, VAR ICE LIBOR USD 1 Month+0.470%, 07/25/2035		420		417
TCI-Flatiron CLO, Ser 2019-1A, Cl AR
3.056%, VAR ICE LIBOR USD 3 Month+1.220%, 07/17/2028 (C)		1,500		1,445
Towd Point Mortgage Trust, Ser 2015-5, Cl A1B
2.750%, 05/25/2055 (B)(C)		253		251
Towd Point Mortgage Trust, Ser 2017-4, Cl A1
2.750%, 06/25/2057 (B)(C)		1,703		1,649
Towd Point Mortgage Trust, Ser 2017-5, Cl A1
1.547%, VAR ICE LIBOR USD 1 Month+0.600%, 02/25/2057 (C)		1,187		1,145
Towd Point Mortgage Trust, Ser 2019-MH1, Cl A1
3.000%, 11/25/2058 (B)(C)		776		780
United States Small Business Administration, Ser 2019-20D, Cl 1
2.980%, 04/01/2039		418		435
United States Small Business Administration, Ser 2019-25G, Cl 1
2.690%, 07/01/2044		394		404
Verizon Owner Trust, Ser 2019-C, Cl A1A
1.940%, 04/22/2024		2,145		2,045
Verizon Owner Trust, Ser 2020-A, Cl A1A
1.850%, 07/22/2024		1,749		1,706
Wells Fargo Home Equity Asset-Backed Securities Trust, Ser 2006-2, Cl A4
1.197%, VAR ICE LIBOR USD 1 Month+0.250%, 07/25/2036		30		30


90		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020



Description	Face Amount (Thousands)		Market Value ($ Thousands)

ASSET-BACKED SECURITIES (continued)
Wells Fargo Home Equity Asset-Backed Securities Trust, Ser 2006-2, Cl M2
1.237%, VAR ICE LIBOR USD 1 Month+0.290%, 07/25/2036	$	6,442	$	5,584
				212,196

Total Asset-Backed Securities (Cost $289,103) ($ Thousands)				279,160

SOVEREIGN DEBT — 2.3%

Abu Dhabi Government International Bond
2.500%, 10/11/2022 (C)		1,010		1,013
2.125%, 09/30/2024 (C)		542		534
Argentine Bonos del Tesoro
18.200%, 10/03/2021	ARS	19,870		146
Argentine Republic Government International Bond
7.625%, 04/22/2046 (D)	$	180		47
7.500%, 04/22/2026		470		133
7.125%, 07/06/2036		220		58
6.875%, 04/22/2021		190		56
6.875%, 01/11/2048		2,010		533
5.625%, 01/26/2022		820		240
3.750%, 5.250%, 03/31/2029, 12/31/2038 (F)		1,460		429
Brazil Notas do Tesouro Nacional, Ser F
10.000%, 01/01/2021	BRL	23,399		4,727
10.000%, 01/01/2023		3,994		856
10.000%, 01/01/2027		571		125
Brazilian Government International Bond
5.625%, 01/07/2041	$	1,120		1,148
5.000%, 01/27/2045		3,400		3,230
4.625%, 01/13/2028		2,460		2,620
2.625%, 01/05/2023		200		201
China Government Bond
3.390%, 05/21/2025	CNY	2,000		293
3.310%, 11/30/2025		11,500		1,681
Colombia Government International Bond
5.625%, 02/26/2044	$	460		505
5.000%, 06/15/2045		830		851
Egypt Government International Bond
5.577%, 02/21/2023 (C)		410		379
Export-Import Bank of India
3.375%, 08/05/2026 (C)		350		332
Indonesia Government International Bond
5.875%, 01/15/2024 (C)		840		912
5.250%, 01/08/2047 (C)		400		442
5.125%, 01/15/2045 (C)		400		446
4.350%, 01/11/2048		460		471
3.850%, 07/18/2027 (C)		800		806
3.750%, 04/25/2022 (C)		740		744
3.700%, 10/30/2049 (D)		1,220		1,215



Description	Face Amount (Thousands)		Market Value ($ Thousands)

SOVEREIGN DEBT (continued)
3.500%, 01/11/2028	$	400	$	393
Israel Government International Bond
3.875%, 07/03/2050		1,100		1,100
2.750%, 07/03/2030		2,150		2,150
Italy Buoni Poliennali Del Tesoro
2.300%, 10/15/2021	EUR	12,390		14,002
Japan Bank for International Cooperation
1.750%, 10/17/2024	$	950		982
Japan Finance Organization for Municipalities
4.000%, 01/13/2021		1,800		1,847
Kenya Government International Bond
7.250%, 02/28/2028 (C)		200		185
6.875%, 06/24/2024		200		190
Kuwait International Government Bond
3.500%, 03/20/2027 (C)		930		965
Mexico Government International Bond
6.050%, 01/11/2040		1,210		1,434
4.750%, 03/08/2044		9,284		9,344
4.600%, 02/10/2048		337		338
4.500%, 04/22/2029		2,021		2,072
3.750%, 01/11/2028 (D)		390		388
3.600%, 01/30/2025		3,300		3,346
3.250%, 04/16/2030		1,808		1,699
Nigeria Government International Bond
7.143%, 02/23/2030 (C)		240		165
6.500%, 11/28/2027 (C)		220		152
Panama Government International Bond
4.500%, 04/01/2056		1,287		1,393
Paraguay Government International Bond
5.400%, 03/30/2050 (C)		916		916
Peruvian Government International Bond
5.625%, 11/18/2050		600		894
Province of Quebec Canada
2.625%, 02/13/2023		620		654
Provincia de Buenos Aires
9.125%, 03/16/2024 (C)		230		60
7.875%, 06/15/2027 (C)		250		65
6.500%, 02/15/2023 (C)		300		78
Qatar Government International Bond
4.817%, 03/14/2049 (C)		1,440		1,696
4.000%, 03/14/2029 (C)		880		941
3.875%, 04/23/2023		430		442
3.250%, 06/02/2026		200		203
Republic of Poland Government International Bond
5.000%, 03/23/2022		100		106
4.000%, 01/22/2024		1,227		1,335
Russian Federal Bond - OFZ
8.150%, 02/03/2027	RUB	315,940		4,407
7.700%, 03/16/2039		162,070		2,261
7.650%, 04/10/2030		63,630		872


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		91

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

Core Fixed Income Fund (Continued)



Description	Face Amount (Thousands)		Market Value ($ Thousands)

SOVEREIGN DEBT (continued)
7.250%, 05/10/2034		RUB 24,200	$	323
7.000%, 01/25/2023		34,160		444
7.000%, 08/16/2023		231,430		3,014
6.900%, 05/23/2029		374,900		4,887
Russian Foreign Bond - Eurobond
7.500%, 03/31/2030	$	602		679
5.625%, 04/04/2042		1,800		2,188
4.875%, 09/16/2023		200		213
Saudi Government International Bond MTN
2.875%, 03/04/2023 (C)		360		359
State of Israel
3.375%, 01/15/2050		360		349
Sweden Government International Bond MTN
0.750%, 03/30/2022 (C)		346		346

Total Sovereign Debt (Cost $102,721) ($ Thousands)				95,050

LOAN PARTICIPATIONS — 1.1%
1011778 B.C. Unlimited Liability Company (New Red Finance, Inc.) (aka Burger King/ Tim Hortons), Term B-4 Loan, 1st Lien
2.739%, VAR LIBOR+1.750%, 11/19/2026		1,473		1,355
Allied Universal Holdco LLC (f/k/a USAGM Holdco, LLC), Initial Term Loan, 1st Lien
5.239%, VAR LIBOR+4.250%, 07/10/2026		998		918
Alterra Mountain Company, Initial Bluebird Term Loan, 1st Lien
3.739%, VAR LIBOR+2.750%, 07/31/2024		574		517
American Airlines, Inc., Term Loan B, 1st Lien
2.705%, 12/15/2023 (B)		485		381
APi Group, Term B Loan, 1st Lien
4.103%, 10/01/2026		560		476
Aramark Intermediate HoldCo Corp., Term Loan B, 1st Lien
2.739%, VAR LIBOR+1.750%, 03/11/2025		274		254
Aramark Services B4 Cov-LiteLien1
2.739%, 01/15/2027		135		125
Asurion, LLC (fka Asurion Corporation), Amendment No. 14 Replacement B-4 Term Loan, 1st Lien
3.989%, VAR LIBOR+3.000%, 08/04/2022		730		689
Asurion, LLC (fka Asurion Corporation), New B-7 Term Loan, 1st Lien
3.989%, VAR LIBOR+3.000%, 11/03/2024		575		543



Description	Face Amount (Thousands)		Market Value ($ Thousands)

LOAN PARTICIPATIONS (continued)
athenahealth, Inc., Term B Loan, 1st Lien
5.311%, VAR LIBOR+4.500%, 02/11/2026	$	4	$	4
5.284%, VAR LIBOR+4.500%, 02/11/2026		1,728		1,607
Atlantic Aviation FBO, Term Loan B, 1st Lien
5.360%, 12/06/2025		158		151
Bausch Health Companies Inc., Initial Term Loan, 1st Lien
3.612%, VAR LIBOR+3.000%, 06/02/2025		392		371
Berry Plastics, Term Loan, 1st Lien
2.863%, 10/01/2022		490		467
Boyd Gaming Corporation, Refinancing Term B Loan, 1st Lien
2.934%, VAR LIBOR+2.500%, 09/15/2023		3		2
Brightview Landscapes LLC, Initial Term Loan, 1st Lien
4.125%, 08/15/2025		71		66
3.125%, 08/15/2025		86		81
Brookfield WEC Holdings Inc., Initial Term Loan (2020), 1st Lien
3.989%, VAR LIBOR+3.000%, 08/01/2025		10		9
Caesars Resort Collection, LLC (fka Caesars Growth Properties Holdings, LLC), Term B Loan, 1st Lien
3.739%, VAR LIBOR+2.750%, 12/23/2024		664		533
CEOC, LLC, Term B Loan, 1st Lien
2.989%, VAR LIBOR+2.000%, 10/07/2024		551		446
Change Healthcare Holdings, Inc. (fka Emdeon Inc.), Closing Date Term Loan, 1st Lien
3.500%, VAR LIBOR+2.500%, 03/01/2024		1,502		1,411
Charter Communications Operating Llc Lien1
2.740%, 04/30/2025		1,202		1,151
Citadel Securities LP, 2020 Repriced Term Loan, 1st Lien
3.739%, 02/27/2026		496		442
CityCenter Holdings, LLC , Term B Loan, 1st Lien
3.239%, VAR LIBOR+2.250%, 04/18/2024		216		188
CSC Holdings, LLC, September 2019 Initial Term Loan, 1st Lien
3.112%, VAR LIBOR+2.500%, 04/15/2027		220		210


92		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020



Description	Face Amount (Thousands)		Market Value ($ Thousands)

LOAN PARTICIPATIONS (continued)
DCert Buyer, Inc., Initial Term Loan, 1st Lien
4.989%, VAR LIBOR+4.000%, 10/16/2026 (G)	$	1,170	$	1,038
Deerfield Dakota Holdings, Term Loan, 1st Lien
0.000%, 03/05/2027 (G)		859		722
Dell International L.L.C. (EMC Corporation), Refinancing Term B-1 Loan, 1st Lien
2.990%, 09/19/2025		926		880
Diamond Sports Group, LLC, Term Loan, 1st Lien
4.180%, 08/24/2026		200		154
Edelman Financial Center, LLC, The (fka Flight Debt Merger Sub Inc.), Initial Term Loan, 1st Lien
4.179%, VAR LIBOR+3.250%, 07/21/2025		416		350
Elanco Animal Health Inc., Term Loan, 1st Lien
0.000%, 02/04/2027 (G)		1,050		992
Entercom Media Corp., Term B-2 Loan, 1st Lien
3.489%, VAR LIBOR+2.500%, 11/18/2024		28		25
EyeCare Partners, LLC, Term Loan, 1st Lien
5.418%, 02/05/2027		195		156
EyeCare Partners, Term Loan, 1st Lien
0.000%, 02/05/2027 (G)		45		36
First Eagle Holdings, Term Loan
3.950%, 02/01/2027		307		257
Focus Financial Partnersm LLC, Tranche B-3, Term Loan, 1st Lien
3.603%, 07/03/2024		607		542
Four Seasons Holdings Inc., Term Loan 2013, 1st Lien
3.603%, 11/30/2023		415		374
Froneri International Limited, Facility B2, 1st Lien
3.239%, VAR LIBOR+2.250%, 01/29/2027		440		417
Garda World Security Corporation, Initial Term Loan, 1st Lien
6.390%, VAR LIBOR+4.750%, 10/30/2026		268		252
Genesee & Wyoming Inc., Initial Term Loan, 1st Lien
3.450%, VAR LIBOR+2.000%, 12/30/2026 (G)		1,010		963
GFL Environmental Inc., Effective Date Incremental Term Loan, 1st Lien
6.250%, 05/30/2025		18		17
3.989%, 05/30/2025 (B)		101		98



Description	Face Amount (Thousands)		Market Value ($ Thousands)

LOAN PARTICIPATIONS (continued)
Global Medical Response, Inc., 2018 Term Loan, 1st Lien
4.932%, VAR LIBOR+3.250%, 04/28/2022 (G)	$	466	$	430
Golden Nugget, Inc., Initial B Term Loan, 1st Lien
4.103%, VAR LIBOR+2.750%, 10/04/2023 (G)		394		305
3.695%, VAR LIBOR+2.750%, 10/04/2023		464		360
Grifols Worldwide Operations Limited, Dollar Tranche B Term Loan, 1st Lien
2.684%, VAR LIBOR+2.000%, 11/15/2027		1,140		1,074
HCA Inc., Tranche B-12 Term Loan, 1st Lien
2.739%, 03/13/2025		243		230
Hilton Worldwide Finance LLC, Refinanced Series B-2 Term Loan, 1st Lien
2.697%, VAR LIBOR+1.750%, 06/22/2026		1,408		1,331
iHeartCommunications, Inc. (fka Clear Channel Communications, Inc.), New Term Loan, 1st Lien
3.989%, VAR LIBOR+3.000%, 05/01/2026		494		414
Jaguar Holding Company I, LLC (fka Jaguar Holding Company I), 2018 Term Loan, 1st Lien
3.500%, VAR LIBOR+2.500%, 08/18/2022		741		705
Jane Street Group, LLC, New Dollar Term Loan, 1st Lien
4.613%, VAR LIBOR+3.000%, 01/31/2025		534		476
0.000%, 01/31/2025 (G)		1		1
Level 3 Financing, Inc., Tranche B 2027 Term Loan, 1st Lien
2.739%, VAR LIBOR+1.750%, 03/01/2027		842		783
McAfee, LLC, Term B USD Loan
4.691%, 09/30/2024		1,324		1,235
Michaels Stores, Inc., 2018 New Replacement Term B Loan
3.568%, VAR LIBOR+2.500%, 01/30/2023		114		95
Michaels Stores, Inc., 2018 New Replacement Term B Loan, 1st Lien
3.558%, VAR LIBOR+2.500%, 01/30/2023		295		245
3.500%, VAR LIBOR+2.500%, 01/30/2023		20		16
Micro Focus, MA FinanceCo
3.489%, 06/21/2024 (B)		12		10


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		93

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

Core Fixed Income Fund (Continued)



Description	Face Amount (Thousands)		Market Value ($ Thousands)

LOAN PARTICIPATIONS (continued)
MPH Acquisition Holdings LLC, Initial Term Loan, 1st Lien
4.200%, VAR LIBOR+2.750%, 06/07/2023	$	1,111	$	979
Nexstar Broadcasting, Inc., Term B-4 Loan, 1st Lien
4.331%, VAR LIBOR+2.750%, 09/18/2026		1,345		1,247
Numericable U.S. LLC, Term Loan B, 1st Lien
4.392%, 01/31/2026 (B)		216		201
Option Care Health, Inc., Term B Loan, 1st Lien
5.489%, VAR LIBOR+4.500%, 08/06/2026		540		443
Panther BF Aggregator 2 L P, Initial Dollar Term Loan, 1st Lien
4.441%, VAR LIBOR+3.500%, 04/30/2026		678		617
Party City Holdings Inc., 2018 Replacement Term Loan, 1st Lien
4.100%, 08/19/2022 (B)		233		113
PCI Gaming Authority, Term B Facility Loan
3.489%, 05/29/2026		465		377
Phoenix Guarantor Inc., Tranche B-1 Term Loan, 1st Lien
4.113%, VAR LIBOR+3.250%, 03/05/2026		1,321		1,193
Prime Security Services Borrower, LLC (aka Protection 1 Security Solutions) , 2019 Refinancing Term B-1 Loan, 1st Lien
4.606%, VAR LIBOR+3.250%, 09/23/2026		1,050		937
Regionalcare Hospital Partners Holdings, Inc., Term B Loan, 1st Lien
4.739%, 11/16/2025 (B)		1,304		1,204
Reynolds Consumer Products LLC, Initial Term Loan, 1st Lien
3.501%, VAR LIBOR+1.750%, 02/04/2027		1,211		1,135
Reynolds Group Holdings Inc., Incremental U.S. Term Loan, 1st Lien
3.739%, VAR LIBOR+2.750%, 02/05/2023		747		704
RPI 2019 Intermediate Finance Trust, Term Loan B, 1st Lien
2.739%, 02/05/2027		1,120		1,030
Scientific Games International, Inc., Initial Term B-5 Loan, 1st Lien
4.369%, VAR LIBOR+2.750%, 08/14/2024		1,232		990
4.353%, VAR LIBOR+2.750%, 08/14/2024		4		3



Description	Face Amount (Thousands)		Market Value ($ Thousands)

LOAN PARTICIPATIONS (continued)
Seattle SpinCo, Inc., Initial Term Loan, 1st Lien
3.489%, VAR LIBOR+2.750%, 06/21/2024	$	79	$	70
Sotera Health Holdings, LLC, Initial Term Loan, 1st Lien
5.500%, VAR LIBOR+4.500%, 12/11/2026		1,410		1,221
Sprint Communications, Inc., Initial Term Loan Retired 04/01/2020, 1st Lien
3.500%, VAR LIBOR+2.500%, 02/02/2024		181		179
Stars Group Holdings B.V., USD Term Loan, 1st Lien
4.950%, VAR LIBOR+3.500%, 07/10/2025		43		41
Terrier Media Buyer, Inc., Term B Loan, 1st Lien
5.700%, VAR LIBOR+4.250%, 12/17/2026		790		697
TKC Holdings, Inc. Term Loan B
4.750%, VAR LIBOR+3.750%, 02/01/2023		1,220		973
Trans Union LLC, 2019 Replacement Term B-5 Loan, 1st Lien
2.739%, 11/16/2026		417		398
UFC Holdings, LLC, Term Loan, 1st Lien
4.250%, VAR LIBOR+3.250%, 04/29/2026		864		752
Univision Communications Inc., 2017 Replacement Repriced First-Lien Term Loan, 1st Lien
3.750%, VAR LIBOR+2.750%, 03/15/2024		1,051		885
VFH Parent LLC, Initial Term Loan, 1st Lien
4.005%, VAR LIBOR+3.000%, 03/01/2026 (G)		328		298
VICI Properties 1 LLC, Term Loan B, 1st Lien
2.674%, VAR LIBOR+2.000%, 12/20/2024		455		416
Virgin Media Bristol LLC, N Facility, 1st Lien
3.205%, VAR LIBOR+2.500%, 01/31/2028		1,207		1,110
Western Digital Corporation, Term Loan B-4
3.353%, VAR LIBOR+1.750%, 04/29/2023		114		110
Wynn Resorts, Term Loan, 1st Lien
3.416%, 09/20/2024		1,422		1,296


94		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020



Description	Face Amount (Thousands)		Market Value ($ Thousands)

LOAN PARTICIPATIONS (continued)
Ziggo Financing Partnership, Term Loan I Facility, 1st Lien
3.205%, 04/30/2028	$	121	$	114

Total Loan Participations (Cost $52,419) ($ Thousands)				47,113

MUNICIPAL BONDS — 0.4%
California — 0.2%
California State, GO
7.600%, 11/01/2040		145		241
Los Angeles, Community College District, GO
6.750%, 08/01/2049		1,048		1,704
University of California, RB Callable 11/15/2059 @ 100
3.256%, 05/15/2060		3,250		3,043
				4,988

Georgia — 0.1%
Georgia State, Municipal Electric Authority, RB
7.055%, 04/01/2057		1,085		1,427

Massachusetts — 0.1%
Massachusetts, Ser C, GO Callable 03/01/2030 @ 100
3.000%, 03/01/2049		2,025		2,076

Missouri — 0.0%
Missouri State, Health & Educational Facilities Authority, RB Callable 02/15/2057 @ 100
3.652%, 08/15/2057		555		648
Missouri State, Health & Educational Facilities Authority, RB Callable 11/15/2049 @ 100
3.229%, 05/15/2050		430		444
				1,092

Nevada — 0.0%
Clark County, Department of Aviation, Ser C, RB
6.820%, 07/01/2045		728		966

New York — 0.0%
New York and New Jersey, Port Authority, RB
4.458%, 10/01/2062		505		558
New York City, GO Callable 12/01/2020 @ 100
6.646%, 12/01/2031		900		911



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
New York City, Transitional Finance Authority, Future Tax Secured Revenue, RB
5.508%, 08/01/2037	$	275	$	359
New York State, Dormitory Authority, RB
5.289%, 03/15/2033		850		994
New York State, Dormitory Authority, Ser A, RB Callable 07/01/2030 @ 100
4.000%, 07/01/2050		1,215		1,310
				4,132

Ohio — 0.0%
Ohio State University, Ser A, RB
4.800%, 06/01/2111		433		522

Texas — 0.0%
North Texas, Tollway Authority, Ser B, RB
6.718%, 01/01/2049		632		1,001

Total Municipal Bonds (Cost $15,027) ($ Thousands)				16,204

U.S. GOVERNMENT AGENCY OBLIGATIONS — 0.1%
FHLB DN
1.580%, 05/01/2020 (A)		1,030		1,030
1.571%, 04/24/2020 (A)		2,810		2,810
Tennessee Valley Authority
3.875%, 02/15/2021		1,510		1,551

Total U.S. Government Agency Obligations (Cost $5,345) ($ Thousands)				5,391

	Shares

AFFILIATED PARTNERSHIP — 0.9%
SEI Liquidity Fund, L.P.
0.760% **†(H)		38,563,803		38,593

Total Affiliated Partnership (Cost $38,546) ($ Thousands)				38,593


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		95

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

Core Fixed Income Fund (Continued)



Description	Shares			Market Value ($ Thousands)

CASH EQUIVALENT — 7.2%
SEI Daily Income Trust, Government Fund, Cl F
0.290%**†		299,891,654		$	299,892
Total Cash Equivalent (Cost $299,892) ($ Thousands)					299,892

Total Investments in Securities — 109.9% (Cost $4,549,201) ($ Thousands)				$	4,584,965


	Contracts

*PURCHASED OPTIONS — 0.0%**

Total Purchased Options (I) (Cost $1,286) ($ Thousands)		43,986,016		$	1,098


*PURCHASED SWAPTIONS — 0.0%**

Total Purchased Swaptions (J) (Cost $251) ($ Thousands)		10,640,000		$	14


*WRITTEN OPTIONS — (0.1)%**

Total Written Options(I) (Premiums Received $3,074) ($ Thousands)		(5,712	)	$	(3,906	)


*WRITTEN SWAPTIONS — (0.1)%**

Total Written Swaptions(J) (Premiums Received $495) ($ Thousands)		(98,640,000	)	$	(3,421	)

A list of the exchange traded option contracts held by the Fund at March 31, 2020, is as follows:


Description	Number of Contracts		Notional Amount (Thousands)		Exercise Price		Expiration Date		Value (Thousands)
PURCHASED OPTIONS — 0.0%

Put Options
May 2020, U.S. 10 Year Future Option*		202	$	28,015		$109.00		4/18/2020	$	3
May 2020, U.S. 10 Year Future Option*		118		16,365		110.00		4/18/2020		2
May 2020, U.S. 10 Year Future Option*		14		1,942		111.00		4/18/2020		–
May 2020, U.S. 10 Year Future Option*		507		70,315		115.00		4/18/2020		8
May 2020, U.S. 10 Year Future Option*		30		4,161		116.00		4/18/2020		–
May 2020, U.S. 10 Year Future Option*		276		38,278		117.00		4/18/2020		4
May 2020, U.S. 10 Year Future Option*		1,406		194,995		118.50		4/18/2020		44
May 2020, U.S. 10 Year Future Option*		101		14,007		120.00		4/18/2020		–
May 2020, U.S. 10 Year Future Option*		143		19,832		120.50		4/18/2020		–
May 2020, U.S. 10 Year Future Option*		266		36,891		135.00		4/18/2020		37
May 2020, U.S. 10 Year Future Option*		236		32,730		136.00		4/18/2020		52
May 2020, U.S. 10 Year Future Option*		2		441		85.00		4/18/2020		–
May 2020, U.S. 2 Year Future Option*		28		6,171		106.00		4/18/2020		–
May 2020, U.S. 5 Year Future Option*		159		19,932		100.00		4/18/2020		1
May 2020, U.S. 5 Year Future Option*		226		28,331		101.00		4/18/2020		2


96		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020


Description	Number of Contracts			Notional Amount (Thousands)			Exercise Price		Expiration Date		Value (Thousands)
PURCHASED OPTIONS (continued)
May 2020, U.S. 5 Year Future Option*		23		$	2,883		$	105.00		4/18/2020	$	–
May 2020, U.S. 5 Year Future Option*		4			501			107.00		4/18/2020		–
May 2020, U.S. 5 Year Future Option*		64			8,023			108.00		4/18/2020		1
May 2020, U.S. 5 Year Future Option*		163			20,434			109.00		4/18/2020		3
May 2020, U.S. 5 Year Future Option*		3			376			110.00		4/18/2020		–
May 2020, U.S. 5 Year Future Option*		16			2,006			111.00		4/18/2020		–
May 2020, U.S. 5 Year Future Option*		191			23,944			114.00		4/18/2020		4
May 2020, U.S. 5 Year Future Option*		278			34,850			115.00		4/18/2020		7
May 2020, U.S. 5 Year Future Option*		468			58,668			116.00		4/18/2020		11
May 2020, U.S. 5 Year Future Option*		123			15,419			123.00		4/18/2020		8
May 2020, U.S. 5 Year Future Option*		244			30,588			95.00		4/18/2020		2
May 2020, U.S. Bond Future Option*		137			24,532			168.00		4/18/2020		45
May 2020, U.S. Bond Future Option*		109			19,518			170.00		4/18/2020		43
					754,148							277

Call Options
May 2020*		479			10			187.50		4/24/2020		21
USD Call/EUR*		16,950,000			136			1.08		4/18/2020		391
USD Call/EUR*		18,620,000			147			1.09		4/18/2020		332
USD Call/EUR*		8,410,000			76			1.11		4/18/2020		77
					369							821
Total Purchased Options				$	754,517						$	1,098


WRITTEN OPTIONS — (0.1)%

Put Options
June 2020, U.S. 10 Year Future Option*		(1,476	)	$	(204,703	)		128.00		05/16/20	$	(138	)
June 2020, U.S. 10 Year Future Option*		(472	)		(65,461	)		133.00		05/16/20		(103	)
June 2020, U.S. 10 Year Future Option*		(150	)		(20,803	)		134.50		05/16/20		(49	)
June 2020, U.S. 5 Year Future Option*		(353	)		(44,252	)		124.00		05/16/20		(77	)
June 2020, U.S. 5 Year Future Option*		(172	)		(21,562	)		124.50		05/16/20		(51	)
June 2020, U.S. 5 Year Future Option*		(8	)		(1,003	)		124.75		05/16/20		(3	)
May 2020, U.S. 5 Year Future Option*		(246	)		(30,838	)		120.00		04/18/20		(10	)
May 2020, U.S. 5 Year Future Option*		(86	)		(10,781	)		123.75		04/18/20		(8	)
May 2020, U.S. 5 Year Future Option*		(270	)		(33,847	)		124.00		04/18/20		(28	)
May 2020, U.S. 5 Year Future Option*		(187	)		(23,442	)		124.25		04/18/20		(23	)
June 2020, U.S. Bond Future Option*		(446	)		(79,862	)		158.00		05/16/20		(153	)
June 2020, U.S. Bond Future Option*		(109	)		(19,518	)		160.00		05/16/20		(60	)
					(556,072	)						(703	)

Call Options
June 2020, U.S. 10 Year Future Option*		(403	)		(55,891	)		134.00		05/16/20		(2,002	)
June 2020, U.S. 10 Year Future Option*		(279	)		(38,694	)		139.50		05/16/20		(262	)
June 2020, U.S. 10 Year Future Option*		(373	)		(51,730	)		140.50		05/16/20		(233	)
May 2020, U.S. 10 Year Future Option*		(279	)		(38,694	)		137.00		04/18/20		(571	)
May 2020, U.S. 10 Year Future Option*		(266	)		(36,891	)		141.00		04/18/20		(67	)
May 2020, U.S. Bond Future Option*		(137	)		(24,532	)		188.00		04/18/20		(68	)
					(246,432	)						(3,203	)

Total Written Options				$	(802,504	)					$	(3,906	)


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		97

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

Core Fixed Income Fund (Continued)

A list of open OTC swaptions held by the Fund at March 31, 2020, is as follows:


Description	Counterparty		Number of Contracts/ Notional Amount			Exercise Price		Expiration Date		Value (Thousands)
PURCHASED SWAPTIONS – 0.0%

Put Swaptions – 0.0%
Swaption 30 Year*		MSCO		4,090,000			$1.91		08/22/2020		-
Swaption 5 Year*		MSCO		910,000			$1.88		07/18/2020		3
Swaption 5 Year*		MSCO		2,730,000			$1.88		07/18/2020		11
Swaption 5 Year*		MSCO		2,910,000			$1.92		07/18/2020		-
Total Purchased Swaptions											14

WRITTEN SWAPTIONS — (0.1)%

Put Swaptions — (0.1)%
Swaption 2 Year*		MSCO		(21,800,000	)		$0.62		06/20/20		(207	)
Swaption 30 Year*		MSCO		(20,460,000	)		$1.60		08/22/20		(1,132	)
Swaption 5 Year*		MSCO		(5,010,000	)		$1.55		07/18/20		(266	)
Swaption 5 Year*		MSCO		(15,030,000	)		$1.55		07/18/20		(797	)
Swaption 5 Year*		MSCO		(21,800,000	)		$0.73		06/20/20		(302	)
Swaption 5 Year*		MSCO		(14,540,000	)		$1.60		08/22/20		(717	)

Total Written Swaptions											(3,421	)

A list of the open futures contracts held by the Fund at March 31, 2020, is as follows:


Type of Contract	Number of Contracts Long (Short)		Expiration Date		Notional Amount (Thousands)			Value (Thousands)			Unrealized Appreciation (Depreciation) (Thousands)
30 Day Federal Funds Futures		273		May-2020	$	112,284		$	113,677		$	1,393
90-Day Euro$		(356)		Mar-2021		(88,648	)		(88,746	)		(98	)
90-Day Euro$		(722)		Dec-2021		(178,966	)		(179,913	)		(947	)
90-Day Euro$		433		Dec-2020		106,633			107,882			1,249
90-Day Euro$		1,558		Jun-2020		385,556			387,455			1,899
Euro-BTP		283		Jun-2020		46,464			43,911			(1,905	)
Euro-Bund		(479)		Jun-2020		(92,431	)		(90,668	)		970
Euro-Buxl		(5)		Jun-2020		(1,177	)		(1,152	)		21
Euro-OAT		67		Jun-2020		13,061			12,293			(388	)
Long Gilt 10-Year Bond		(76)		Jun-2020		(13,207	)		(12,834	)		(202	)
U.S. 2-Year Treasury Note		267		Jul-2020		57,948			58,842			894
U.S. 5-Year Treasury Note		871		Jul-2020		107,283			109,188			1,905
U.S. 10-Year Treasury Note		4,154		Jun-2020		556,007			576,108			20,101
U.S. Long Treasury Bond		(810)		Mar-2020		(138,301	)		(145,041	)		(6,740	)
U.S. Ultra Long Treasury Bond		732		Jun-2020		150,770			162,412			11,642
Ultra 10-Year U.S. Treasury Note		(377)		Jun-2020		(55,891	)		(58,824	)		(2,933	)
Ultra 10-Year U.S. Treasury Note		138		Jun-2020		21,312			21,532			220

					$	988,697		$	1,016,122		$	27,081

A list of the open forward foreign currency contracts held by the Fund at March 31, 2020, is as follows:


Counterparty	Settlement Date			Currency to Deliver (Thousands)			Currency to Receive (Thousands)		Unrealized Appreciation (Depreciation) (Thousands)
BNP Paribas		04/17/20 - 07/17/20	CNH		13,759	USD		1,976	$	35
BNP Paribas		04/17/20	EUR		38,697	USD		43,418		933
Citigroup		04/17/20	USD		2,157	GBP		1,643		(120	)
Citigroup		04/17/20	USD		2,464	AUD		3,563		(283	)


98		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020


Counterparty	Settlement Date			Currency to Deliver (Thousands)			Currency to Receive (Thousands)		Unrealized Appreciation (Depreciation) (Thousands)
Citigroup		04/17/20	EUR		5,742	USD		6,390	$	86
Citigroup		04/17/20	USD		9,081	BRL		37,182		(1,921	)
Citigroup		04/17/20	USD		9,963	INR		714,230		(552	)
Citigroup		04/17/20	USD		15,619	IDR		216,529,634		(2,344	)
Citigroup		04/17/20	USD		32,274	CAD		41,896		(2,832	)
Citigroup		04/17/20	USD		3,225	EUR		2,969		34
Citigroup		04/17/20 - 04/28/20	USD		30,216	EUR		27,109		(451	)
Citigroup		04/17/20	CNY		68,783	USD		9,916		205
Citigroup		04/17/20	PHP		300,620	USD		5,924		35
Citigroup		04/17/20	INR		714,230	USD		9,449		38
Citigroup		04/17/20	COP		5,189,635	USD		1,578		301
Goldman Sachs		04/17/20	EUR		3,377	USD		3,773		66
Goldman Sachs		04/17/20	USD		6,961	EUR		6,300		(44	)
Goldman Sachs		04/17/20	BRL		14,523	USD		2,809		12
Goldman Sachs		04/17/20	RUB		279,888	USD		4,519		945
									$	(5,857	)

A list of the open centrally cleared swap agreements held by the Fund at March 31, 2020, 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)
.60%	USD LIBOR BBA	Semi-Annual	03/23/2022	USD		45,730	$	132		$	8		$	124
0.8101%	USD LIBOR BBA	Quarterly	03/19/2050	USD		2,029		48			–			48
LIBOR-BBA	.7918%	Quarterly	03/18/2050	USD		2,014		61			–			61
0.9%	USD LIBOR BBA	Quarterly	03/17/2050	USD		3,996		3			5			(2	)
6-MONTH USD - LIBOR	1.656%	Quarterly	08/23/2049	USD		15,190		(3,055	)		(56	)		(2,999	)
1.498	6-MONTH EUR - EURIBOR	Semi-Annual	08/23/2047	EUR		678		(265	)		(1	)		(264	)
6-MONTH GBP - LIBOR	1.81%	Quarterly	11/15/2044	USD		3,450		(722	)		5			(727	)
1.85%	3-MONTH USD - LIBOR	Quarterly	11/15/2044	USD		33,943		(7,420	)		71			(7,491	)
.77%	LIBOR-BBA	Semi-Annual	03/24/2027	USD		35,810		400			264			136
USD FEDL01	0.3%	Monthly	02/15/2027	USD		36,835		123			113			10
.75%	3M LIBOR	Quarterly	02/15/2027	USD		30,092		(342	)		6			(348	)
1.6%	3-MONTH USD - LIBOR	Quarterly	11/15/2026	USD		15,694		(1,034	)		4			(1,038	)
1.65%	SD - LIBOR - BBA	Quarterly	11/15/2026	USD		6,001		(415	)		(22	)		(393	)
1.52%	3-MONTH USD - LIBOR	Quarterly	07/31/2026	USD		35,553		(2,066	)		144			(2,210	)
1.55%	3-MONTH USD - LIBOR	Quarterly	06/30/2026	USD		79,966		(4,817	)		263			(5,080	)
3 MONTH USD - LIBOR	1.667	Quarterly	01/21/2026	USD		13,610		(763	)		–			(763	)
3 MONTH USD - LIBOR	.675	Quarterly	01/21/2026	USD		26,860		(1,517	)		(9	)		(1,508	)
.658%	USD LIBOR BBA	Semi-Annual	09/18/2025	USD		7,205		54			–			54
.645%	USD LIBOR BBA	Semi-Annual	09/18/2025	USD		9,286		64			–			64
.70%	USD LIBOR BBA	Semi-Annual	03/25/2025	USD		26,640		249			(21	)		270
3 MONTH USD - LIBOR	.57325	Semi-Annual	01/21/2023	USD		33,460		810			–			810
3 MONTH USD - LIBOR	.58	Semi-Annual	01/21/2023	USD		66,030		1,607			12			1,595
.855%	USD LIBOR BBA	Quarterly	09/18/2050	USD		1,307		18			(3	)		21
.8375%	USD LIBOR BBA	Quarterly	09/18/2050	USD		1,690		32			–			32

							$	(18,815	)	$	783		$	(19,598	)


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		99

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

Core Fixed Income Fund (Concluded)


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 Depreciation (Thousands)
CDX.NA.IG.33	Sell	1.00%	Quarterly	12/20/2024		(81,810	)	$	(294	)	$	43		$	(337	)
CDX.NA.IG.34	Sell	1.00%	Quarterly	12/20/2024		(10,600	)		(660	)		(423	)		(237	)
CDX.NA.IG.34	Sell	1.00%	Quarterly	12/20/2024		(43,530	)		(306	)		(38	)		(268	)

								$	(1,260	)	$	(418	)	$	(842	)

Percentages are based on Net Assets of $4,174,988 ($ Thousands).

*	Non-income producing security.

**	The rate reported is the 7-day effective yield as of March 31, 2020.

†	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)	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)

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 March 31, 2020, the value of these securities amounted to $514,312 ($ Thousands), representing 12.3% of the Net Assets of the Fund.

(D)	Certain securities or partial positions of certain securities are on loan at March 31, 2020 (See Note 10). The total market value of securities on loan at March 31, 2020 was $37,854 ($ Thousands).

(E)	Perpetual security with no stated maturity date.

(F)	Step Bonds – Represents the current rate, the step rate, the step date and the final maturity date.

(G)	Unsettled bank loan. Interest rate may not be available.

(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 March 31, 2020 was $38,593 ($ Thousands).

(I)	Refer to table below for details on Options Contracts.

(J)	Refer to table below for details on Swaption Contracts.

ABS — Asset-Backed Security

ACES — Alternative Credit Enhancement Structure

ARM — Adjustable Rate Mortgage

ARS — Argentine Peso

AUD — Australian Dollar

BRL — Brazilian Real

CAD — Canadian Dollar

Cl — Class

CLO — Collateralized Loan Obligation

CMO — Collateralized Mortgage Obligation

CNH — Chinese Yuan Offshore

CNY — Chinese Yuan Onshore

COP — Colombian Peso

DAC— Designated Activity Company

DN— Discount Note

EUR — Euro

EURIBOR — Euro London Interbank Offered Rate

FHLB — Federal Home Loan Bank

FHLMC — Federal Home Loan Mortgage Corporation

FNMA — Federal National Mortgage Association

FREMF— Freddie Mac Multi-Family

GBP — British Pound Sterling

GNMA — Government National Mortgage Association

GO — General Obligation

ICE— Intercontinental Exchange

IDR — Indonesian Rupiah

INR — Indian Rupee

IO — Interest Only — face amount represents notional amount.

JSC — Joint-Stock Company

LIBOR — London Interbank Offered Rate

LLC — Limited Liability Company

L.P. — Limited Partnership

MTN — Medium Term Note

NCUA — National Credit Union Association

PHP — Philippine Peso

PO — Principal Only

RB — Revenue Bond

REMIC — Real Estate Mortgage Investment Conduit

RUB — Russian Ruble

Ser — Series

STRIPS — Separately Traded Registered Interest and Principal Securities

TBA — To Be Announced

TLB — Term Loan B

USD — United States Dollar

VAR — Variable Rate

The following is a list of the level of inputs used as of March 31, 2020, 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

–

1,934,803

–

1,934,803

Corporate Obligations

–

1,292,063

–

1,292,063

U.S. Treasury Obligations

–

576,696

–

576,696

Asset-Backed Securities

–

279,160

–

279,160

Sovereign Debt

–

95,050

–

95,050

Loan Participations

–

47,113

–

47,113

Municipal Bonds

–

16,204

–

16,204

U.S. Government Agency Obligations

–

5,391

–

5,391

Affiliated Partnership

–

38,593

–

38,593

Cash Equivalent

299,892

–

299,892

Total Investments in Securities

299,892

4,285,073

–

4,584,965


100		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020


Other Financial Instruments	Level 1 ($)			Level 2 ($)			Level 3 ($)		Total ($)
Purchased Options		1,098			–			–		1,098
Purchased Swaptions		–			14			–		14
Written Options		(3,906	)		–			–		(3,906	)
Written Swaptions		–			(3,421	)		–		(3,421	)
Futures Contracts*
Unrealized Appreciation		40,294			–			–		40,294
Unrealized Depreciation		(13,213	)		–			–		(13,213	)
Forwards Contracts*
Unrealized Appreciation		–			2,690			–		2,690
Unrealized Depreciation		–			(8,547	)		–		(8,547	)
Centrally Cleared Swaps
Interest Rate Swaps*
Unrealized Appreciation		–			3,225			–		3,225
Unrealized Depreciation		–			(22,823	)		–		(22,823	)
Credit Default Swaps*
Unrealized Depreciation		–			(842	)		–		(842	)

Total Other Financial Instruments		24,273			(29,704	)		–		(5,431	)

* Futures contracts, forward contracts and swaps contracts are valued at the unrealized appreciation (depreciation) on the instrument.

For the period ended March 31, 2020, there were no transfers in or out of Level 3.

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 period ended March 31, 2020 ($ Thousands):


Security Description	Value 9/30/2019	Purchases at Cost	Proceeds from Sales	Realized Gain/ (Loss)	Change in Unrealized Appreciation/ (Depreciation)	Value 3/31/2020	Shares	Income	Capital Gains
SEI Liquidity Fund, L.P.	$91,034	$796,947	$(849,437)	$9	$40	$38,593	38,563,803	$138	$—
SEI Daily Income Trust, Government Fund, Cl F	109,509	1,494,051	(1,303,668)	—	—	299,892	299,891,654	863	—

Totals	$200,543	$2,290,998	$(2,153,105)	$9	$40	$338,485		$1,001	$—

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

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


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		101

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

High Yield Bond Fund

LOGO

^†Percentages are based on total investments.



Description	Face Amount (Thousands)		Market Value ($Thousands)

CORPORATE OBLIGATIONS — 76.8%

Communication Services — 13.3%
Altice France
8.125%, 02/01/2027 (A)	$	1,096	$	1,143
7.375%, 05/01/2026 (A)		4,436		4,403
AMC Entertainment Holdings
6.125%, 05/15/2027		420		174
5.750%, 06/15/2025		375		158
AMC Networks
4.750%, 08/01/2025		3,319		3,228
CB Escrow
8.000%, 10/15/2025 (A)		1,841		1,887
CCO Holdings
5.875%, 04/01/2024 (A)		2,365		2,424
5.750%, 02/15/2026 (A)		3,120		3,159
5.500%, 05/01/2026 (A)		3,867		3,925
5.375%, 05/01/2025 (A)		155		159
5.375%, 06/01/2029 (A)		1,130		1,161
5.125%, 05/01/2027 (A)		823		825
5.000%, 02/01/2028 (A)		2,170		2,175
4.750%, 03/01/2030 (A)		1,148		1,142
4.500%, 08/15/2030 (A)		459		450
CenturyLink
7.500%, 04/01/2024		2,360		2,584
6.875%, 01/15/2028		395		403
5.625%, 04/01/2025		1,287		1,293
5.125%, 12/15/2026 (A)		3,360		3,360
4.000%, 02/15/2027 (A)		1,104		1,071
Cincinnati Bell
7.000%, 07/15/2024 (A)		305		307
Clear Channel Worldwide Holdings
9.250%, 02/15/2024 (A)		5,432		4,658



Description	Face Amount (Thousands)		Market Value ($Thousands)

CORPORATE OBLIGATIONS (continued)
5.125%, 08/15/2027 (A)	$	1,471	$	1,392
0.000%, 03/01/2021 (D)		3,124		–
Cogent Communications Group
5.625%, 04/15/2021 (A)		940		926
5.375%, 03/01/2022 (A)		610		613
Consolidated Communications
6.500%, 10/01/2022		1,651		1,445
Diamond Sports Group
6.625%, 08/15/2027 (A)		3,765		2,518
5.375%, 08/15/2026 (A)		4,799		3,899
Digicel
6.000%, 04/15/2021 (A)		1,310		706
Digicel Group
6.750%, 03/01/2023 (A)		1,435		631
Digicel Group One
8.250%, 12/30/2022 (A)(B)		235		112
Digicel International Finance
8.750%, 05/25/2024 (A)		826		739
DISH DBS
7.750%, 07/01/2026		4,420		4,542
5.875%, 11/15/2024		4,071		3,959
5.000%, 03/15/2023		2,316		2,216
DISH Network
3.375%, 08/15/2026		425		345
DKT Finance ApS
9.375%, 06/17/2023 (A)		1,130		1,181
Embarq
7.995%, 06/01/2036		174		172
Entercom Media
6.500%, 05/01/2027 (A)		237		206
EW Scripps
5.125%, 05/15/2025 (A)		1,813		1,595
Front Range BidCo
6.125%, 03/01/2028 (A)		1,960		1,862
4.000%, 03/01/2027 (A)		1,141		1,091
Frontier Communications
11.000%, 09/15/2025 (B)		2,463		647
10.500%, 09/15/2022 (B)		1,035		269
8.500%, 04/15/2020 (B)		143		38
8.500%, 04/01/2026 (A)		1,765		1,619
8.000%, 04/01/2027 (A)		1,508		1,487
7.125%, 01/15/2023		770		179
6.875%, 01/15/2025		2,895		724
Gray Television
7.000%, 05/15/2027 (A)		2,935		2,920
5.125%, 10/15/2024 (A)		2,129		2,081
iHeartCommunications
4.750%, 01/15/2028 (A)		842		758
Intelsat Connect Finance
9.500%, 02/15/2023 (A)		480		178
Intelsat Jackson Holdings
9.750%, 07/15/2025 (A)		5,282		3,486


102		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020



Description	Face Amount (Thousands)		Market Value ($Thousands)

CORPORATE OBLIGATIONS (continued)
8.500%, 10/15/2024 (A)	$	1,695	$	1,067
8.000%, 02/15/2024 (A)		1,017		983
5.500%, 08/01/2023		2,363		1,548
Intelsat Luxembourg
8.125%, 06/01/2023		635		130
Interpublic Group
4.750%, 03/30/2030		803		796
Level 3 Financing
5.375%, 01/15/2024		570		570
5.375%, 05/01/2025		760		756
4.625%, 09/15/2027 (A)		2,974		2,956
Live Nation Entertainment
5.625%, 03/15/2026 (A)		264		246
4.875%, 11/01/2024 (A)		2,337		2,128
4.750%, 10/15/2027 (A)		2,252		2,004
Match Group
4.125%, 08/01/2030 (A)		800		715
McClatchy
9.000%, 07/15/2026 (B)		3,470		3,314
Meredith
6.875%, 02/01/2026		490		430
Netflix
5.875%, 02/15/2025		1,135		1,199
5.875%, 11/15/2028		470		502
5.375%, 11/15/2029 (A)		1,704		1,768
4.875%, 04/15/2028		1,273		1,311
4.875%, 06/15/2030 (A)		956		970
Nexstar (Escrow Security)
5.625%, 07/15/2027 (A)		4,584		4,481
Nexstar Broadcasting
5.625%, 08/01/2024 (A)		50		47
Outfront Media Capital
5.000%, 08/15/2027 (A)		465		428
Radiate Holdco
6.625%, 02/15/2025 (A)		2,657		2,258
Sable International Finance
5.750%, 09/07/2027 (A)		2,661		2,395
Salem Media Group
6.750%, 06/01/2024 (A)		3,640		3,021
Scripps (Escrow Security)
5.875%, 07/15/2027 (A)		1,242		1,093
Sinclair Television Group
5.625%, 08/01/2024 (A)		100		92
5.125%, 02/15/2027 (A)		2,871		2,426
Sirius XM Radio
5.500%, 07/01/2029 (A)		549		560
5.375%, 04/15/2025 (A)		1,060		1,071
5.375%, 07/15/2026 (A)		1,962		2,001
5.000%, 08/01/2027 (A)		746		757
4.625%, 07/15/2024 (A)		340		345



Description	Face Amount (Thousands)		Market Value ($Thousands)

CORPORATE OBLIGATIONS (continued)
SoftBank Group
6.000%, VAR USD ICE Swap 11:00 NY 5 Yr+4.226% (C)	$	605	$	454
5.125%, 09/19/2027		527		440
Sprint
7.875%, 09/15/2023		2,026		2,224
7.625%, 02/15/2025		6,981		7,714
7.625%, 03/01/2026		1,490		1,686
7.125%, 06/15/2024		913		1,002
Sprint Capital
8.750%, 03/15/2032		2,655		3,511
Sprint Communications
6.000%, 11/15/2022		3,277		3,400
TEGNA
4.625%, 03/15/2028 (A)		1,834		1,612
Telecom Italia
5.303%, 05/30/2024 (A)		710		713
Telecom Italia Capital
6.375%, 11/15/2033		300		304
6.000%, 09/30/2034		850		842
Telesat Canada
6.500%, 10/15/2027 (A)		2,879		2,764
4.875%, 06/01/2027 (A)		2,560		2,444
T-Mobile USA
6.500%, 01/15/2026		1,370		1,439
6.375%, 03/01/2025		2,445		2,497
4.750%, 02/01/2028		2,919		3,041
0.000%, 01/15/2024 (D)		535		–
0.000%, 03/01/2025 (D)		1,905		–
0.000%, 01/15/2026 (D)		3,126		–
Townsquare Media
6.500%, 04/01/2023 (A)		3,020		2,899
Trilogy International Partners
8.875%, 05/01/2022 (A)		150		126
United States Cellular
6.700%, 12/15/2033		1,289		1,251
ViacomCBS
4.750%, 05/15/2025		267		268
Videotron
5.375%, 06/15/2024 (A)		660		663
5.125%, 04/15/2027 (A)		240		240
Windstream Services
10.500%, 06/30/2024 (A)(B)		1,115		45
9.000%, 06/30/2025 (A)(B)		2,026		81
8.625%, 10/31/2025 (A)(B)		100		60
				170,713

Consumer Discretionary — 14.4%
1011778 BC ULC
4.375%, 01/15/2028 (A)		1,570		1,450
Adelphia Communications (Escrow Security)
10.250%, 06/15/2011 (B)(D)(E)		150		1


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		103

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

High Yield Bond Fund (Continued)



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
9.500%, 02/15/2004 (B)(D)	$	25	$	–
7.875%, 01/15/2009 (B)(D)		225		–
Adient Global Holdings
4.875%, 08/15/2026 (A)		830		568
Adient US
7.000%, 05/15/2026 (A)		355		328
Allied Universal Holdco
6.625%, 07/15/2026 (A)		856		841
Altice Financing
7.500%, 05/15/2026 (A)		4,217		4,086
5.000%, 01/15/2028 (A)		2,803		2,480
American Axle & Manufacturing
6.500%, 04/01/2027		964		728
6.250%, 04/01/2025		615		507
6.250%, 03/15/2026		560		431
American Greetings
8.750%, 04/15/2025 (A)		2,045		1,738
Aramark Services
5.000%, 02/01/2028 (A)		1,442		1,342
Arrow Bidco
9.500%, 03/15/2024 (A)		847		381
Asbury Automotive Group
4.750%, 03/01/2030 (A)		284		241
4.500%, 03/01/2028 (A)		432		367
Ashtead Capital
4.250%, 11/01/2029 (A)		708		600
4.125%, 08/15/2025 (A)		375		344
4.000%, 05/01/2028 (A)		385		332
Ashton Woods USA
6.625%, 01/15/2028 (A)		1,628		1,286
Aventine (Escrow Security)
0.000%, 10/15/2049 (B)(D)(E)(F)		2,750		–
BidFair
7.375%, 10/15/2027 (A)		1,416		1,228
Boyd Gaming
6.000%, 08/15/2026		300		258
4.750%, 12/01/2027 (A)		995		821
Boyne USA
7.250%, 05/01/2025 (A)		125		119
Brookfield Residential Properties
4.875%, 02/15/2030 (A)		712		541
Cablevision Systems
5.875%, 09/15/2022		92		93
Caesars Resort Collection
5.250%, 10/15/2025 (A)		1,640		1,184
Capitol Investment Merger Sub 2
10.000%, 08/01/2024 (A)		3,490		3,141
CBS Radio
7.250%, 11/01/2024 (A)		315		263
Cedar Fair
5.375%, 06/01/2024		2,338		2,104
5.250%, 07/15/2029 (A)		65		55



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Cengage Learning
9.500%, 06/15/2024 (A)	$	3,270	$	2,420
Century Communities
6.750%, 06/01/2027		1,374		1,164
5.875%, 07/15/2025		1,061		894
Cinemark USA
5.125%, 12/15/2022		542		428
Cirsa Finance International Sarl
7.875%, 12/20/2023 (A)		1,706		1,421
Claire’s Stores
9.000%, 03/15/2019 (B)		815		–
Constellation
8.500%, 09/15/2025 (A)		485		291
Cooper-Standard Automotive
5.625%, 11/15/2026 (A)		885		646
CSC Holdings
10.875%, 10/15/2025 (A)		1,647		1,781
7.500%, 04/01/2028 (A)		1,300		1,385
6.750%, 11/15/2021		1,615		1,663
6.625%, 10/15/2025 (A)		420		442
6.500%, 02/01/2029 (A)		2,825		3,047
5.750%, 01/15/2030 (A)		2,655		2,677
5.500%, 05/15/2026 (A)		1,660		1,717
Cumulus Media New Holdings
6.750%, 07/01/2026 (A)		3,029		2,711
Dana
5.375%, 11/15/2027		1,730		1,401
Dana Financing Luxembourg Sarl
6.500%, 06/01/2026 (A)		730		642
Delphi Technologies
5.000%, 10/01/2025 (A)		1,826		1,456
Diamond Resorts International
10.750%, 09/01/2024 (A)		2,255		1,376
eG Global Finance
8.500%, 10/30/2025 (A)		1,344		1,196
6.750%, 02/07/2025 (A)		2,945		2,415
Enterprise Development Authority
12.000%, 07/15/2024 (A)		1,398		1,216
ESH Hospitality
5.250%, 05/01/2025 (A)		720		605
4.625%, 10/01/2027 (A)		2,900		2,262
Fontainebleau Las Vegas Holdings
0.000%, 06/15/2015 (A)(B)(D)(E)		3,108		12
Ford Motor Credit
4.687%, 06/09/2025		655		583
4.542%, 08/01/2026		230		201
4.271%, 01/09/2027		310		264
4.063%, 11/01/2024		51		46
3.810%, 01/09/2024		43		39
3.096%, 05/04/2023		53		49
3.087%, 01/09/2023		34		31


104		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Gannett
4.875%, 09/15/2021 (A)	$	54	$	53
GCI
6.875%, 04/15/2025		1,195		1,183
6.625%, 06/15/2024 (A)		1,115		1,104
GEMS MENASA Cayman
7.125%, 07/31/2026 (A)		1,588		1,322
Getty Images
9.750%, 03/01/2027 (A)		2,145		1,609
Golden Nugget
8.750%, 10/01/2025 (A)		2,369		1,208
6.750%, 10/15/2024 (A)		1,017		641
Guitar Center
5.000% cash/8.000% PIK, 04/15/2022 (A)		6,543		4,253
Guitar Center Escrow Issuer
9.500%, 10/15/2021 (A)		1,230		914
Hilton Domestic Operating
5.125%, 05/01/2026		562		528
Hilton Worldwide Finance
4.625%, 04/01/2025		530		493
Houghton Mifflin Harcourt Publishers
9.000%, 02/15/2025 (A)		2,640		2,323
iHeartCommunications
8.375%, 05/01/2027		3,679		3,203
6.375%, 05/01/2026		169		160
5.250%, 08/15/2027 (A)		2,763		2,418
IHO Verwaltungs GmbH
6.375% cash/7.125% PIK, 05/15/2029 (A)		930		711
6.000% cash/6.750% PIK, 05/15/2027 (A)		930		651
Inn of the Mountain Gods Resort & Casino
9.250% cash, 11/30/2020 (D)		2,294		2,271
Installed Building Products
5.750%, 02/01/2028 (A)		1,193		1,136
International Game Technology
6.250%, 01/15/2027 (A)		3,550		3,089
IRB Holding
6.750%, 02/15/2026 (A)		4,485		3,534
JC Penney
6.375%, 10/15/2036		4,200		315
L Brands
7.500%, 06/15/2029		1,339		1,056
6.875%, 11/01/2035		37		27
6.750%, 07/01/2036		1,225		882
LCPR Senior Secured Financing DAC
6.750%, 10/15/2027 (A)		4,014		3,954
Liberty Interactive
8.250%, 02/01/2030		4,267		3,139
Lions Gate Capital Holdings
6.375%, 02/01/2024 (A)		1,375		1,210



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Lithia Motors
4.625%, 12/15/2027 (A)	$	1,635	$	1,472
Macy’s Retail Holdings
3.450%, 01/15/2021		267		216
Marriott Ownership Resorts
6.500%, 09/15/2026		555		483
Mattamy Group
4.625%, 03/01/2030 (A)		1,888		1,624
Mattel
6.750%, 12/31/2025 (A)		1,965		1,998
5.875%, 12/15/2027 (A)		190		195
McGraw-Hill Global Education Holdings
7.875%, 05/15/2024 (A)		1,155		861
Melco Resorts Finance
5.250%, 04/26/2026		826		744
Men’s Wearhouse
7.000%, 07/01/2022		819		229
MGM Resorts International
6.000%, 03/15/2023		1,535		1,481
5.750%, 06/15/2025		2,407		2,154
5.500%, 04/15/2027		506		460
Midcontinent Communications
5.375%, 08/15/2027 (A)		637		617
Millennium (Escrow Security)
7.625%, 11/15/2026 (B)(D)		175		–
Monitronics International
9.125%, 04/01/2020 (B)(D)		5,936		–
National CineMedia
5.875%, 04/15/2028 (A)		150		104
Neiman Marcus Group
14.000% cash, 04/25/2024 (A)		685		206
8.750% cash/9.500% PIK, 10/15/2021 (A)(B)		762		550
8.750%, 10/25/2024 (A)		1,035		83
8.000%, 10/15/2021 (A)(B)		820		591
8.000%, 10/25/2024 (A)		631		63
Newell Brands
5.625%, 04/01/2036		90		89
4.450%, 04/01/2026		2,165		2,126
Panther BF Aggregator 2
8.500%, 05/15/2027 (A)		1,526		1,331
6.250%, 05/15/2026 (A)		1,681		1,589
Party City Holdings
6.625%, 08/01/2026 (A)		746		75
PetSmart
8.875%, 06/01/2025 (A)		1,141		1,033
7.125%, 03/15/2023 (A)		1,415		1,318
5.875%, 06/01/2025 (A)		1,104		1,087
Photo Holdings Merger Sub
8.500%, 10/01/2026 (A)		575		466
QVC
4.750%, 02/15/2027		570		504


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		105

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

High Yield Bond Fund (Continued)



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
4.450%, 02/15/2025	$	889	$	731
Radiate Holdco
6.875%, 02/15/2023 (A)		812		739
Royal Caribbean Cruises
5.250%, 11/15/2022		1,512		1,096
Scientific Games International
8.250%, 03/15/2026 (A)		1,740		1,114
7.250%, 11/15/2029 (A)		35		22
7.000%, 05/15/2028 (A)		846		520
5.000%, 10/15/2025 (A)		2,864		2,492
Service International
7.500%, 04/01/2027		640		675
4.625%, 12/15/2027		415		415
Shea Homes
4.750%, 02/15/2028 (A)		711		607
Six Flags Entertainment
5.500%, 04/15/2027 (A)		1,611		1,357
4.875%, 07/31/2024 (A)		1,968		1,668
Speedway Motorsports
4.875%, 11/01/2027 (A)		846		761
SRS Distribution
8.250%, 07/01/2026 (A)		1,350		1,026
Staples
10.750%, 04/15/2027 (A)		1,355		1,040
7.500%, 04/15/2026 (A)		1,575		1,392
Station Casinos
4.500%, 02/15/2028 (A)		3,949		3,199
Sugarhouse HSP Gaming Prop Mezz
5.875%, 05/15/2025 (A)		3,955		3,242
Telenet Finance Luxembourg Notes Sarl
5.500%, 03/01/2028 (A)		1,800		1,674
Tempur Sealy International
5.500%, 06/15/2026		455		398
Tenneco
5.375%, 12/15/2024		170		95
5.000%, 07/15/2026		1,305		819
Terrier Media Buyer
8.875%, 12/15/2027 (A)		4,323		3,653
Tesla
5.300%, 08/15/2025 (A)		738		692
Toll Brothers Finance
3.800%, 11/01/2029		710		621
Twin River Worldwide Holdings
6.750%, 06/01/2027 (A)		1,240		930
Urban One
7.375%, 04/15/2022 (A)		5,652		5,117
Virgin Media Secured Finance
5.500%, 08/15/2026 (A)		1,120		1,137
5.500%, 05/15/2029 (A)		1,191		1,186
Vista Outdoor
5.875%, 10/01/2023		995		823



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
William Carter
5.625%, 03/15/2027 (A)	$	225	$	218
Wolverine World Wide
5.000%, 09/01/2026 (A)		2,362		2,253
WW International
8.625%, 12/01/2025 (A)		3,122		2,677
Wynn Las Vegas
5.500%, 03/01/2025 (A)		1,600		1,488
5.250%, 05/15/2027 (A)		665		602
4.250%, 05/30/2023 (A)		150		140
Wynn Resorts Finance
5.125%, 10/01/2029 (A)		465		423
Yum! Brands
7.750%, 04/01/2025 (A)		110		116
6.875%, 11/15/2037		1,065		1,016
5.350%, 11/01/2043		130		111
Ziggo Bond BV
6.000%, 01/15/2027 (A)		1,678		1,628
Ziggo BV
5.500%, 01/15/2027 (A)		3,529		3,529
				184,917

Consumer Staples — 3.5%
Albertsons
7.500%, 03/15/2026 (A)		1,570		1,692
5.875%, 02/15/2028 (A)		408		415
5.750%, 03/15/2025		1,207		1,220
4.875%, 02/15/2030 (A)		185		185
4.625%, 01/15/2027 (A)		1,977		1,967
3.500%, 02/15/2023 (A)		130		128
B&G Foods
5.250%, 04/01/2025		643		627
Central Garden & Pet
6.125%, 11/15/2023		495		475
5.125%, 02/01/2028		265		245
Chobani
7.500%, 04/15/2025 (A)		2,465		2,243
Clearwater Seafoods
6.875%, 05/01/2025 (A)		1,385		1,181
Cott Holdings
5.500%, 04/01/2025 (A)		1,352		1,311
Coty
6.500%, 04/15/2026 (A)		245		217
Dole Food
7.250%, 06/15/2025 (A)		1,035		818
Energizer Holdings
7.750%, 01/15/2027 (A)		1,196		1,236
5.500%, 06/15/2025 (A)		745		723
Fresh Market
9.750%, 05/01/2023 (A)		555		258
High Ridge Brands
8.875%, 03/15/2025 (A)(B)		445		4


106		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
JBS Investments II GmbH
7.000%, 01/15/2026 (A)	$	1,870	$	1,864
JBS USA
5.875%, 07/15/2024 (A)		344		348
5.750%, 06/15/2025 (A)		70		71
JBS USA LUX
5.500%, 01/15/2030 (A)		1,215		1,254
Kraft Heinz Foods
3.000%, 06/01/2026		3,434		3,336
Lamb Weston Holdings
4.875%, 11/01/2026 (A)		250		254
4.625%, 11/01/2024 (A)		1,215		1,197
New Albertsons
8.700%, 05/01/2030		955		974
Performance Food Group
5.500%, 10/15/2027 (A)		2,010		1,864
Pilgrim’s Pride
5.875%, 09/30/2027 (A)		1,108		1,104
Post Holdings
5.750%, 03/01/2027 (A)		995		1,020
5.625%, 01/15/2028 (A)		955		969
5.500%, 12/15/2029 (A)		621		644
5.000%, 08/15/2026 (A)		2,463		2,535
4.625%, 04/15/2030 (A)		153		147
Rite Aid
7.700%, 02/15/2027		670		509
6.125%, 04/01/2023 (A)		2,815		2,421
Sigma Holdco BV
7.875%, 05/15/2026 (A)		2,900		2,610
Simmons Foods
5.750%, 11/01/2024 (A)		2,677		2,430
Spectrum Brands
5.750%, 07/15/2025		890		832
5.000%, 10/01/2029 (A)		100		85
Sysco
5.950%, 04/01/2030		50		53
5.650%, 04/01/2025		75		78
Vector Group
10.500%, 11/01/2026 (A)		3,220		2,689
6.125%, 02/01/2025 (A)		605		551
				44,784

Energy — 6.7%
Antero Midstream Partners
5.750%, 03/01/2027 (A)		767		491
5.750%, 01/15/2028 (A)		155		99
5.375%, 09/15/2024		280		195
Antero Resources
5.625%, 06/01/2023		420		168
5.125%, 12/01/2022		380		198
Archrock Partners
6.250%, 04/01/2028 (A)		1,884		1,300



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
6.000%, 10/01/2022	$	635	$	635
Ascent Resources Utica Holdings
7.000%, 11/01/2026 (A)		40		11
Baytex Energy
8.750%, 04/01/2027 (A)		1,565		597
Blue Racer Midstream
6.625%, 07/15/2026 (A)		205		119
6.125%, 11/15/2022 (A)		1,873		1,405
Buckeye Partners
4.500%, 03/01/2028 (A)		230		189
4.125%, 03/01/2025 (A)		230		194
4.125%, 12/01/2027		305		250
Calfrac Holdings
8.500%, 06/15/2026 (A)		1,504		113
Carrizo Oil & Gas
8.250%, 07/15/2025		185		30
6.250%, 04/15/2023		245		58
Centennial Resource Production
6.875%, 04/01/2027 (A)		1,912		468
Cheniere Corpus Christi Holdings
7.000%, 06/30/2024 (A)		542		476
5.875%, 03/31/2025		360		302
5.125%, 06/30/2027		3,178		2,822
3.700%, 11/15/2029 (A)		565		422
Cheniere Energy Partners
5.625%, 10/01/2026		3,112		2,863
4.500%, 10/01/2029 (A)		3,151		2,741
Chesapeake Energy
11.500%, 01/01/2025 (A)		874		148
7.500%, 10/01/2026		2,515		176
7.000%, 10/01/2024		1,135		85
6.125%, 02/15/2021		1,567		219
Citgo Holding
9.250%, 08/01/2024 (A)		1,408		1,148
CITGO Petroleum
6.250%, 08/15/2022 (A)		2,130		1,917
CNX Midstream Partners
6.500%, 03/15/2026 (A)		2,400		1,656
CNX Resources
7.250%, 03/14/2027 (A)		575		406
Covey Park Energy
7.500%, 05/15/2025 (A)		554		360
Crestwood Midstream Partners
6.250%, 04/01/2023		565		316
5.750%, 04/01/2025		1,630		958
5.625%, 05/01/2027 (A)		265		146
CVR Energy
5.750%, 02/15/2028 (A)		1,425		1,065
5.250%, 02/15/2025 (A)		825		641
DCP Midstream Operating
8.125%, 08/16/2030		1,285		771
5.125%, 05/15/2029		538		339


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		107

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

High Yield Bond Fund (Continued)



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Delek Logistics Partners
6.750%, 05/15/2025	$	811	$	789
Denbury Resources
9.250%, 03/31/2022 (A)		439		105
9.000%, 05/15/2021 (A)		505		148
Dominion Energy Inc
3.375%, 04/01/2030		267		264
Endeavor Energy Resources
5.500%, 01/30/2026 (A)		160		110
Energy Transfer
5.500%, 06/01/2027		1,564		1,662
EnLink Midstream
5.375%, 06/01/2029		4,001		2,081
EnLink Midstream Partners
4.850%, 07/15/2026		190		93
4.400%, 04/01/2024		365		184
Enviva Partners
6.500%, 01/15/2026 (A)		560		546
EP Energy
9.375%, 05/01/2020 (B)		972		–
9.375%, 05/01/2024 (A)(B)		1,017		2
8.000%, 11/29/2024 (A)(B)		260		5
8.000%, 02/15/2025 (A)(B)		653		1
7.750%, 05/15/2026 (A)(B)		1,385		166
6.375%, 06/15/2023 (B)		669		–
Equities
7.000%, 02/01/2030		193		144
6.125%, 02/01/2025		193		149
3.900%, 10/01/2027		1,852		1,277
Exterran Energy Solutions
8.125%, 05/01/2025		3,002		1,981
Extraction Oil & Gas
7.375%, 05/15/2024 (A)		2,869		509
5.625%, 02/01/2026 (A)		2,610		431
FTS International
6.250%, 05/01/2022		1,524		530
Genesis Energy
7.750%, 02/01/2028		238		166
6.500%, 10/01/2025		825		596
Great Western Petroleum
9.000%, 09/30/2021 (A)		1,872		1,198
Gulfport Energy
6.375%, 05/15/2025		183		44
6.375%, 01/15/2026		1,353		264
6.000%, 10/15/2024		215		53
Hess Midstream Operations
5.625%, 02/15/2026 (A)		1,593		1,125
5.125%, 06/15/2028 (A)		300		211
Hilcorp Energy I
6.250%, 11/01/2028 (A)		580		255
5.750%, 10/01/2025 (A)		1,011		465
5.000%, 12/01/2024 (A)		1,870		860



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Holly Energy Partners
5.000%, 02/01/2028 (A)	$	558	$	467
Laredo Petroleum
10.125%, 01/15/2028		1,434		545
9.500%, 01/15/2025		1,058		423
MEG Energy
7.125%, 02/01/2027 (A)		3,556		1,757
7.000%, 03/31/2024 (A)		241		111
6.500%, 01/15/2025 (A)		384		243
Midstates Petroleum (Escrow Security)
10.000%, 06/01/2020 (B)(D)		720		–
Nabors Industries
7.250%, 01/15/2026 (A)		155		53
5.750%, 02/01/2025		430		95
NGL Energy Partners
6.125%, 03/01/2025		2,186		743
Nine Energy Service
8.750%, 11/01/2023 (A)		1,414		354
Noble Holding International
8.950%, 04/01/2045		1,755		88
7.750%, 01/15/2024		1,865		168
Northern Oil and Gas
8.500% cash/1.000% PIK, 05/15/2023		1,863		1,267
Oasis Petroleum
6.875%, 01/15/2023		575		118
6.250%, 05/01/2026 (A)		375		60
Occidental Petroleum
4.200%, 03/15/2048		267		114
4.100%, 02/01/2021		514		437
3.400%, 04/15/2026		360		173
2.700%, 02/15/2023		1,376		815
Parkland Fuel
5.875%, 07/15/2027 (A)		2,065		1,936
Parsley Energy
5.375%, 01/15/2025 (A)		1,838		1,420
5.250%, 08/15/2025 (A)		395		300
4.125%, 02/15/2028 (A)		300		204
PBF Holding
6.000%, 02/15/2028 (A)		205		135
PDC Energy
5.750%, 05/15/2026		2,020		1,131
Peabody Energy
6.375%, 03/31/2025 (A)		769		400
6.000%, 03/31/2022 (A)		340		231
Precision Drilling
7.750%, 12/15/2023		280		112
7.125%, 01/15/2026 (A)		285		94
6.500%, 12/15/2021		27		21
QEP Resources
5.625%, 03/01/2026		714		261
Range Resources
5.000%, 08/15/2022		1,441		1,080


108		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
5.000%, 03/15/2023	$	953	$	696
4.875%, 05/15/2025		783		466
Sabine Pass Liquefaction
5.875%, 06/30/2026		20		18
Seven Generations Energy
5.375%, 09/30/2025 (A)		1,181		658
Seventy Seven Energy (Escrow Security)
6.500%, 10/15/2020 (B)(D)		305		–
Seventy Seven Operating (Escrow Security)
6.625%, 10/15/2020 (B)(D)		1,869		–
Shelf Drilling Holdings
8.250%, 02/15/2025 (A)		1,689		807
SM Energy
6.625%, 01/15/2027		258		75
6.125%, 11/15/2022		105		44
5.625%, 06/01/2025		295		80
5.000%, 01/15/2024		1,288		425
Southwestern Energy
7.750%, 10/01/2027		1,486		977
7.500%, 04/01/2026		1,381		905
6.200%, 01/23/2025		644		439
Summit Midstream Holdings
5.750%, 04/15/2025		1,131		124
5.500%, 08/15/2022		1,548		279
Sunoco
6.000%, 04/15/2027		415		357
5.875%, 03/15/2028		1,585		1,316
5.500%, 02/15/2026		1,515		1,311
Tallgrass Energy Partners
6.000%, 03/01/2027 (A)		1,795		951
Targa Resources Partners
6.875%, 01/15/2029		288		232
6.750%, 03/15/2024		1,005		884
6.500%, 07/15/2027		3,388		2,888
5.875%, 04/15/2026		375		311
5.000%, 01/15/2028		2,056		1,657
4.250%, 11/15/2023		65		56
Transocean
8.000%, 02/01/2027 (A)		2,075		986
7.500%, 01/15/2026 (A)		355		167
7.500%, 04/15/2031		2,276		580
7.250%, 11/01/2025 (A)		160		80
Transocean Guardian
5.875%, 01/15/2024 (A)		1,559		1,247
Transocean Pontus
6.125%, 08/01/2025 (A)		2,035		1,648
Transocean Poseidon
6.875%, 02/01/2027 (A)		1,327		1,075
USA Compression Partners
6.875%, 04/01/2026		1,805		1,128
Valaris
7.375%, 06/15/2025		664		133



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
5.850%, 01/15/2044	$	2,145	$	429
5.400%, 12/01/2042		280		56
4.875%, 06/01/2022		2,040		443
Vine Oil & Gas
9.750%, 04/15/2023 (A)		2,497		590
Western Midstream Operating
5.375%, 06/01/2021		1,087		869
Whiting Petroleum
6.625%, 01/15/2026 (B)		515		35
6.250%, 04/01/2023 (B)		350		26
WPX Energy
8.250%, 08/01/2023		321		236
5.750%, 06/01/2026		624		356
5.250%, 10/15/2027		1,485		817
				85,124

Financials — 6.1%
Acrisure
10.125%, 08/01/2026 (A)		699		650
8.125%, 02/15/2024 (A)		1,556		1,516
AHP Health Partners
9.750%, 07/15/2026 (A)		1,559		1,349
Alliant Holdings Intermediate
6.750%, 10/15/2027 (A)		2,167		2,029
Ally Financial
8.000%, 11/01/2031		108		125
5.750%, 11/20/2025		861		842
AmWINS Group
7.750%, 07/01/2026 (A)		559		548
Ardonagh Midco 3
8.625%, 07/15/2023 (A)		2,080		1,852
Ares Capital
4.250%, 03/01/2025		1,138		978
AssuredPartners
7.000%, 08/15/2025 (A)		2,979		2,681
Athene Holdings Ltd
6.150%, 04/03/2030		1,067		1,065
Avolon Holdings Funding
5.125%, 10/01/2023 (A)		2,077		1,794
Bank of America
5.875%, VAR ICE LIBOR USD 3 Month+2.931% (C)		855		866
Barclays
7.750%, VAR USD Swap Semi 30/360 5 Yr Curr+4.842% (C)		1,880		1,649
BCD Acquisition
9.625%, 09/15/2023 (A)		1,890		1,564
BGC Partners
3.750%, 10/01/2024		1,415		1,266
Citigroup
5.950%, VAR ICE LIBOR USD 3 Month+3.905% (C)		50		48


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		109

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

High Yield Bond Fund (Continued)



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
5.000%, VAR United States Secured Overnight Financing Rate+3.813% (C)	$	1,647	$	1,506
Donnelley Financial Solutions
8.250%, 10/15/2024		603		567
E*TRADE Financial
5.875%, VAR ICE LIBOR USD 3 Month+4.435% (C)		855		802
5.300%, VAR ICE LIBOR USD 3 Month+3.160% (C)		535		482
Fidelity & Guaranty Life Holdings
5.500%, 05/01/2025 (A)		1,380		1,363
Freedom Mortgage
8.250%, 04/15/2025 (A)		4,805		3,772
8.125%, 11/15/2024 (A)		1,780		1,434
FS Energy & Power Fund
7.500%, 08/15/2023 (A)		1,945		1,733
HUB International
7.000%, 05/01/2026 (A)		2,768		2,740
Hunt
6.250%, 02/15/2026 (A)		937		700
Intesa Sanpaolo MTN
5.710%, 01/15/2026 (A)		1,440		1,403
Issuer
6.250%, 03/01/2028 (A)		3,457		2,904
Jefferies Finance
6.250%, 06/03/2026 (A)		834		771
JPMorgan Chase
5.000%, VAR United States Secured Overnight Financing Rate+3.380% (C)		856		804
4.000%, VAR United States Secured Overnight Financing Rate+2.745% (C)		845		722
Ladder Capital Finance Holdings LLLP
4.250%, 02/01/2027 (A)		1,317		1,040
Lloyds Banking Group
7.500%, VAR USD Swap Semi 30/360 5 Yr Curr+4.760% (C)		1,965		1,687
LPL Holdings
5.750%, 09/15/2025 (A)		1,722		1,653
4.625%, 11/15/2027 (A)		3,436		3,143
Merger Sub II
10.750%, 08/01/2027 (A)		1,775		1,544
MGM Growth Properties Operating Partnership
5.750%, 02/01/2027 (A)		204		177
5.625%, 05/01/2024		1,130		1,085
4.500%, 09/01/2026		1,618		1,343
4.500%, 01/15/2028		153		130
MSCI
5.375%, 05/15/2027 (A)		300		305
4.000%, 11/15/2029 (A)		1,415		1,406



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Nationstar Mortgage Holdings
9.125%, 07/15/2026 (A)	$	2,571	$	2,327
6.000%, 01/15/2027 (A)		759		645
Navient
5.000%, 03/15/2027		706		607
NFP
8.000%, 07/15/2025 (A)		2,076		1,900
Quicken Loans
5.250%, 01/15/2028 (A)		2,217		2,168
Saracen Development
11.000% cash, 10/15/2025 (A)(D)(G)		2,230		2,330
Service Properties Trust
4.950%, 02/15/2027		1,415		1,072
Springleaf Finance
7.125%, 03/15/2026		3,005		2,975
6.875%, 03/15/2025		1,000		1,007
6.625%, 01/15/2028		342		323
5.375%, 11/15/2029		749		685
Starwood Property Trust
4.750%, 03/15/2025		1,366		1,202
Tempo Acquisition
6.750%, 06/01/2025 (A)		1,215		1,112
Voya Financial
4.700%, VAR ICE LIBOR USD 3 Month+2.084%, 01/23/2048		778		638
WeWork
7.875%, 05/01/2025 (A)		3,005		1,112
YPSO Finance
6.000%, 02/15/2028 (A)		1,756		1,545
				77,686

Health Care — 7.0%
21st Century Oncology
10.000% cash/12.000% PIK, 04/30/2023 (D)		442		387
Acadia Healthcare
5.625%, 02/15/2023		2,560		2,412
Air Medical Group Holdings
6.375%, 05/15/2023 (A)		3,080		2,710
AMN Healthcare
4.625%, 10/01/2027 (A)		1,413		1,339
ASP AMC
8.000%, 05/15/2025 (A)		3,826		2,249
Avantor
9.000%, 10/01/2025 (A)		286		301
6.000%, 10/01/2024 (A)		575		602
Bausch Health
9.000%, 12/15/2025 (A)		1,695		1,787
7.000%, 03/15/2024 (A)		805		820
7.000%, 01/15/2028 (A)		290		298
6.500%, 03/15/2022 (A)		900		909
6.125%, 04/15/2025 (A)		2,535		2,497


110		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
5.875%, 05/15/2023 (A)	$	44	$	44
5.250%, 01/30/2030 (A)		2,895		2,737
5.000%, 01/30/2028 (A)		890		843
Bausch Health Americas
9.250%, 04/01/2026 (A)		3,536		3,737
8.500%, 01/31/2027 (A)		1,754		1,833
BCPE Cycle Merger Sub II
10.625%, 07/15/2027 (A)		355		300
Catalent Pharma Solutions
5.000%, 07/15/2027 (A)		453		439
Centene
5.375%, 06/01/2026 (A)		3,645		3,755
4.750%, 01/15/2025		1,829		1,834
4.625%, 12/15/2029 (A)		2,717		2,731
4.250%, 12/15/2027 (A)		652		639
3.375%, 02/15/2030 (A)		320		298
Charles River Laboratories International
4.250%, 05/01/2028 (A)		846		815
CHS
8.625%, 01/15/2024 (A)		1,450		1,431
DaVita
5.000%, 05/01/2025		1,250		1,248
Encompass Health
5.750%, 09/15/2025		915		888
4.500%, 02/01/2028		375		368
Endo
6.000%, 07/15/2023 (A)		2,645		1,916
Endo Dac
6.000%, 02/01/2025 (A)		698		475
Endo Finance
5.750%, 01/15/2022 (A)		981		726
Envision Healthcare
8.750%, 10/15/2026 (A)		3,292		807
HCA
5.875%, 02/15/2026		4,595		4,836
5.875%, 02/01/2029		1,470		1,555
5.625%, 09/01/2028		821		859
5.375%, 02/01/2025		4,756		4,863
Hill-Rom Holdings
5.000%, 02/15/2025 (A)		625		631
4.375%, 09/15/2027 (A)		670		660
Hologic
4.375%, 10/15/2025 (A)		440		436
Horizon Pharma USA
5.500%, 08/01/2027 (A)		2,417		2,426
Immucor
11.125%, 02/15/2022 (A)		1,030		927
IQVIA
5.000%, 10/15/2026 (A)		805		821
LifePoint Health
4.375%, 02/15/2027 (A)		3,453		3,253



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Mallinckrodt International Finance
5.625%, 10/15/2023 (A)	$	315	$	78
5.500%, 04/15/2025 (A)		630		132
MEDNAX
6.250%, 01/15/2027 (A)		425		341
MPH Acquisition Holdings
7.125%, 06/01/2024 (A)		1,713		1,490
Ortho-Clinical Diagnostics
7.250%, 02/01/2028 (A)		1,346		1,157
6.625%, 05/15/2022 (A)		2,106		1,990
Par Pharmaceutical
7.500%, 04/01/2027 (A)		1,904		1,895
Prestige Brands
5.125%, 01/15/2028 (A)		115		114
Prime Security Services Borrower
6.250%, 01/15/2028 (A)		1,190		1,026
Radiology Partners
9.250%, 02/01/2028 (A)		1,375		1,190
RegionalCare Hospital Partners Holdings
9.750%, 12/01/2026 (A)		316		299
8.250%, 05/01/2023 (A)		1,347		1,395
Select Medical
6.250%, 08/15/2026 (A)		841		841
Surgery Center Holdings
6.750%, 07/01/2025 (A)		828		596
Tenet Healthcare
8.125%, 04/01/2022		75		71
7.000%, 08/01/2025		840		731
6.750%, 06/15/2023		1,410		1,301
6.250%, 02/01/2027 (A)		1,683		1,641
5.125%, 05/01/2025		1,729		1,651
5.125%, 11/01/2027 (A)		480		457
4.875%, 01/01/2026 (A)		1,460		1,391
4.625%, 07/15/2024		2,427		2,318
WellCare Health Plans
5.250%, 04/01/2025		1,365		1,317
West Street Merger Sub
6.375%, 09/01/2025 (A)		1,141		995
				89,859

Industrials — 9.4%
ACCO Brands
5.250%, 12/15/2024 (A)		420		403
ADT Security
4.875%, 07/15/2032 (A)		938		797
Advanced Drainage Systems
5.000%, 09/30/2027 (A)		383		341
Alcoa
5.125%, 10/01/2024		30		30
Allied Universal Holdco
9.750%, 07/15/2027 (A)		828		780


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		111

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

High Yield Bond Fund (Continued)



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Allison Transmission
5.875%, 06/01/2029 (A)	$	210	$	197
5.000%, 10/01/2024 (A)		220		213
4.750%, 10/01/2027 (A)		1,434		1,319
American Airlines Group
5.000%, 06/01/2022 (A)		2,436		1,955
3.750%, 03/01/2025 (A)		545		381
American Builders & Contractors Supply
4.000%, 01/15/2028 (A)		1,147		1,044
American Woodmark
4.875%, 03/15/2026 (A)		585		546
Arconic
6.125%, 02/15/2028 (A)		656		671
5.900%, 02/01/2027		535		500
ASGN
4.625%, 05/15/2028 (A)		1,122		1,042
Avis Budget Car Rental
6.375%, 04/01/2024 (A)		1,270		1,016
5.250%, 03/15/2025 (A)		195		153
Avolon Holdings Funding
5.250%, 05/15/2024 (A)		682		581
Beacon Roofing Supply
4.875%, 11/01/2025 (A)		850		767
4.500%, 11/15/2026 (A)		297		274
Boeing
3.100%, 05/01/2026		282		259
2.700%, 05/01/2022		730		691
2.700%, 02/01/2027		99		91
2.350%, 10/30/2021		79		75
1.875%, 06/15/2023		51		47
Bombardier
7.875%, 04/15/2027 (A)		820		547
7.500%, 12/01/2024 (A)		2,271		1,533
7.500%, 03/15/2025 (A)		675		482
6.000%, 10/15/2022 (A)		2,756		2,067
5.750%, 03/15/2022 (A)		920		697
Builders FirstSource
5.000%, 03/01/2030 (A)		853		768
BWX Technologies
5.375%, 07/15/2026 (A)		1,661		1,595
Cargo Aircraft Management
4.750%, 02/01/2028 (A)		1,817		1,685
CDW
5.000%, 09/01/2025		550		567
4.250%, 04/01/2028		370		372
Clean Harbors
4.875%, 07/15/2027 (A)		1,525		1,493
Cloud Crane
10.125%, 08/01/2024 (A)		1,100		866
Core & Main
6.125%, 08/15/2025 (A)		2,006		1,866



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Core & Main Holdings
8.625% cash/9.375% PIK, 09/15/2024 (A)	$	1,235	$	1,130
DAE Funding
5.750%, 11/15/2023 (A)		2,681		2,494
4.500%, 08/01/2022 (A)		660		612
EnerSys
4.375%, 12/15/2027 (A)		559		525
EnPro Industries
5.750%, 10/15/2026		328		316
Fortress Transportation & Infrastructure Investors
6.750%, 03/15/2022 (A)		1,310		1,212
6.500%, 10/01/2025 (A)		720		527
GFL Environmental
8.500%, 05/01/2027 (A)		232		233
7.000%, 06/01/2026 (A)		2,808		2,718
5.125%, 12/15/2026 (A)		205		200
Global A&T Electronics
8.500%, 01/12/2023		6,194		5,019
Granite Holdings US Acquisition
11.000%, 10/01/2027 (A)		1,685		1,446
Griffon
5.750%, 03/01/2028 (A)		2,055		1,932
H&E Equipment Services
5.625%, 09/01/2025		1,475		1,368
Harsco
5.750%, 07/31/2027 (A)		465		430
Herc Holdings
5.500%, 07/15/2027 (A)		2,160		2,009
Hertz
7.625%, 06/01/2022 (A)		172		139
7.125%, 08/01/2026 (A)		465		246
6.000%, 01/15/2028 (A)		1,663		873
5.500%, 10/15/2024 (A)		566		321
Hillman Group
6.375%, 07/15/2022 (A)		3,678		2,855
IAA
5.500%, 06/15/2027 (A)		625		605
Icahn Enterprises
4.750%, 09/15/2024		3,555		3,270
James Hardie International Finance DAC
5.000%, 01/15/2028 (A)		1,224		1,157
4.750%, 01/15/2025 (A)		200		188
JELD-WEN
4.875%, 12/15/2027 (A)		215		190
4.625%, 12/15/2025 (A)		355		312
Korn Ferry
4.625%, 12/15/2027 (A)		2,822		2,452
LTF Merger
8.500%, 06/15/2023 (A)		830		681


112		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Masonite International
5.375%, 02/01/2028 (A)	$	2,000	$	1,966
Moog
4.250%, 12/15/2027 (A)		1,505		1,358
New Enterprise Stone & Lime
10.125%, 04/01/2022 (A)		1,945		1,940
6.250%, 03/15/2026 (A)		2,935		2,700
Nielsen Finance
5.000%, 04/15/2022 (A)		1,671		1,540
Nielsen Luxembourg Sarl
5.000%, 02/01/2025 (A)		826		766
PGT Escrow Issuer
6.750%, 08/01/2026 (A)		300		287
Prime Security Services Borrower
5.750%, 04/15/2026 (A)		1,044		1,023
RBS Global
4.875%, 12/15/2025 (A)		2,022		1,891
Remington Arms
0.000%, 12/31/2049 (D)		1,245		–
Sensata Technologies
5.000%, 10/01/2025 (A)		1,594		1,510
4.375%, 02/15/2030 (A)		2,687		2,418
Sensata Technologies UK Financing
6.250%, 02/15/2026 (A)		1,345		1,318
Signature Aviation US Holdings
4.000%, 03/01/2028 (A)		4,116		3,716
SPX FLOW
5.875%, 08/15/2026 (A)		230		221
5.625%, 08/15/2024 (A)		170		165
Standard Industries
4.750%, 01/15/2028 (A)		725		668
Stericycle
5.375%, 07/15/2024 (A)		1,498		1,483
Stevens Holding
6.125%, 10/01/2026 (A)		245		242
Summit Materials
6.125%, 07/15/2023		391		387
5.125%, 06/01/2025 (A)		2,709		2,519
Team Health Holdings
6.375%, 02/01/2025 (A)		833		308
Teck Resources
6.125%, 10/01/2035		269		247
Teekay Offshore Partners
8.500%, 07/15/2023 (A)		1,146		1,011
Terex
5.625%, 02/01/2025 (A)		710		667
Titan Acquisition
7.750%, 04/15/2026 (A)		636		531
TransDigm
6.375%, 06/15/2026		623		597
6.250%, 03/15/2026 (A)		3,760		3,746
5.500%, 11/15/2027 (A)		1,982		1,779



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
TransDigm UK Holdings
6.875%, 05/15/2026	$	780	$	725
TriMas
4.875%, 10/15/2025 (A)		205		193
Triumph Group
7.750%, 08/15/2025		1,405		1,019
6.250%, 09/15/2024 (A)		70		62
Tutor Perini
6.875%, 05/01/2025 (A)		4,435		3,681
Uber Technologies
7.500%, 11/01/2023 (A)		1,933		1,880
United Rentals North America
6.500%, 12/15/2026		580		589
5.875%, 09/15/2026		380		385
5.500%, 05/15/2027		991		1,000
4.875%, 01/15/2028		1,171		1,136
4.625%, 10/15/2025		1,660		1,594
Univar Solutions USA
5.125%, 12/01/2027 (A)		281		256
Wabash National
5.500%, 10/01/2025 (A)		475		378
Weekley Homes
6.625%, 08/15/2025		2,795		2,516
Welbilt
9.500%, 02/15/2024		240		204
Wolverine Escrow
13.125%, 11/15/2027 (A)		240		192
9.000%, 11/15/2026 (A)		620		504
XPO Logistics
6.750%, 08/15/2024 (A)		1,781		1,741
6.500%, 06/15/2022 (A)		240		241
6.125%, 09/01/2023 (A)		230		225
				119,696

Information Technology — 3.4%
ACI Worldwide
5.750%, 08/15/2026 (A)		394		390
Alliance Data Systems
4.750%, 12/15/2024 (A)		840		638
Anixter
6.000%, 12/01/2025		225		220
5.500%, 03/01/2023		230		229
Ascend Learning
6.875%, 08/01/2025 (A)		530		515
Avaya (Escrow Security)
7.000%, 04/01/2019 (B)		2,794		–
Broadcom
4.750%, 04/15/2029 (A)		1,401		1,421
CA
4.700%, 03/15/2027		1,771		1,692
CDK Global
5.250%, 05/15/2029 (A)		190		194


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		113

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

High Yield Bond Fund (Continued)



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
CommScope
5.500%, 06/15/2024 (A)	$	897	$	828
CommScope Finance
8.250%, 03/01/2027 (A)		1,393		1,343
6.000%, 03/01/2026 (A)		1,300		1,298
5.500%, 03/01/2024 (A)		320		324
CommScope Technologies
6.000%, 06/15/2025 (A)		3,550		3,249
5.000%, 03/15/2027 (A)		275		239
Dell International
6.020%, 06/15/2026 (A)		1,921		1,983
5.300%, 10/01/2029 (A)		571		583
Diebold Nixdorf
8.500%, 04/15/2024		440		286
DXC Technology
4.750%, 04/15/2027		852		849
Entegris
4.625%, 02/10/2026 (A)		995		945
Gartner
5.125%, 04/01/2025 (A)		245		240
Genesys Telecommunications Laboratories
10.000%, 11/30/2024 (A)		2,294		2,346
Go Daddy Operating
5.250%, 12/01/2027 (A)		1,899		1,916
Infor US
6.500%, 05/15/2022		2,405		2,363
MagnaChip Semiconductor
6.625%, 07/15/2021		345		337
Micron Technology
5.327%, 02/06/2029		1,419		1,550
MTS Systems
5.750%, 08/15/2027 (A)		140		130
NCR
6.125%, 09/01/2029 (A)		450		420
5.750%, 09/01/2027 (A)		1,755		1,597
Nuance Communications
5.625%, 12/15/2026		1,757		1,710
Open Text Holdings
4.125%, 02/15/2030 (A)		1,001		941
Plantronics
5.500%, 05/31/2023 (A)		725		527
Presidio Holdings
4.875%, 02/01/2027 (A)		1,910		1,709
PTC
4.000%, 02/15/2028 (A)		1,005		965
3.625%, 02/15/2025 (A)		976		913
Qorvo
4.375%, 10/15/2029 (A)		840		781
Rackspace Hosting
8.625%, 11/15/2024 (A)		1,415		1,270
Sabre
5.375%, 04/15/2023 (A)		895		819



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
5.250%, 11/15/2023 (A)	$	1,375	$	1,251
Science Applications International
4.875%, 04/01/2028 (A)		1,175		1,128
Seagate HDD Cayman
5.750%, 12/01/2034		856		800
SS&C Technologies
5.500%, 09/30/2027 (A)		1,321		1,377
ViaSat
5.625%, 09/15/2025 (A)		838		783
VMware
3.900%, 08/21/2027		684		674
				43,773

Materials — 9.1%
Alcoa Nederland Holding BV
7.000%, 09/30/2026 (A)		285		265
6.750%, 09/30/2024 (A)		495		480
6.125%, 05/15/2028 (A)		1,098		999
Aleris International
10.750%, 07/15/2023 (A)		693		672
Allegheny Technologies
5.875%, 12/01/2027		174		145
Alpha 2 BV
8.750% cash/8.750% PIK, 06/01/2023 (A)		1,695		1,526
Alpha 3 BV
6.250%, 02/01/2025 (A)		1,800		1,658
ARD Finance
7.125% cash/7.875% PIK, 06/30/2027 (A)		1,309		1,124
Ardagh Packaging Finance
6.000%, 02/15/2025 (A)		1,290		1,294
5.250%, 08/15/2027 (A)		1,580		1,619
Ashland
6.875%, 05/15/2043		851		860
Axalta Coating Systems
4.875%, 08/15/2024 (A)		290		278
Baffinland Iron Mines
8.750%, 07/15/2026 (A)		3,240		2,880
Berry Global
5.625%, 07/15/2027 (A)		1,515		1,565
4.500%, 02/15/2026 (A)		2,593		2,502
Berry Global (Escrow Security)
4.875%, 07/15/2026 (A)		1,434		1,448
Boart Longyear Management Pty
10.000%, 12/31/2022		1,849		1,480
BWAY Holding
7.250%, 04/15/2025 (A)		2,762		2,196
Cascades
5.375%, 01/15/2028 (A)		282		269
5.125%, 01/15/2026 (A)		282		273


114		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
CENVO Corp (Escrow Security)
0.000%, 09/15/2022 (D)(E)(G)	$	5,650	$	5
CF Industries
5.150%, 03/15/2034		677		687
4.950%, 06/01/2043		1,135		1,078
Chemours
7.000%, 05/15/2025		320		266
6.625%, 05/15/2023		600		510
5.375%, 05/15/2027		511		391
Clearwater Paper
5.375%, 02/01/2025 (A)		910		828
Cleveland-Cliffs
6.750%, 03/15/2026 (A)		830		739
4.875%, 01/15/2024 (A)		998		913
Compass Minerals International
6.750%, 12/01/2027 (A)		1,120		1,011
Constellium
6.625%, 03/01/2025 (A)		350		315
5.875%, 02/15/2026 (A)		971		845
5.750%, 05/15/2024 (A)		532		475
Cornerstone Chemical
6.750%, 08/15/2024 (A)		5,115		4,233
Crown Americas
4.750%, 02/01/2026		835		856
4.250%, 09/30/2026		2,295		2,261
CVR Partners
9.250%, 06/15/2023 (A)		1,385		1,110
Eldorado
9.500%, 06/01/2024 (A)		1,430		1,408
Element Solutions
5.875%, 12/01/2025 (A)		2,050		2,009
First Quantum Minerals
7.500%, 04/01/2025 (A)		2,645		2,201
7.250%, 05/15/2022 (A)		1,377		1,213
7.250%, 04/01/2023 (A)		608		512
6.875%, 03/01/2026 (A)		2,106		1,690
6.500%, 03/01/2024 (A)		560		465
Flex Acquisition
7.875%, 07/15/2026 (A)		822		757
6.875%, 01/15/2025 (A)		2,339		2,187
FMG Resources August 2006 Pty
4.500%, 09/15/2027 (A)		1,139		1,014
Freeport-McMoRan
5.450%, 03/15/2043		3,230		2,891
5.400%, 11/14/2034		2,928		2,708
5.250%, 09/01/2029		1,085		1,022
5.000%, 09/01/2027		1,060		984
4.250%, 03/01/2030		855		744
4.125%, 03/01/2028		1,189		1,037
3.875%, 03/15/2023		2,250		2,126
GCP Applied Technologies
5.500%, 04/15/2026 (A)		575		535



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Greif
6.500%, 03/01/2027 (A)	$	345	$	331
Hecla Mining
7.250%, 02/15/2028		1,320		1,162
Hexion
7.875%, 07/15/2027 (A)		3,330		2,830
INEOS Group Holdings
5.625%, 08/01/2024 (A)		1,340		1,220
Innophos Holdings
9.375%, 02/15/2028 (A)		1,555		1,508
Kaiser Aluminum
13.000%, 01/31/2024 (D)(G)		369		369
4.625%, 03/01/2028 (A)		1,200		1,065
Kraton Polymers
7.000%, 04/15/2025 (A)		1,925		1,704
LABL Escrow Issuer
10.500%, 07/15/2027 (A)		290		270
6.750%, 07/15/2026 (A)		390		359
LSB Industries
9.625%, 05/01/2023 (A)		3,570		2,963
Mineral Resources
8.125%, 05/01/2027 (A)		2,505		2,347
Mountain Province Diamonds
8.000%, 12/15/2022 (A)		2,715		1,955
New Gold
6.375%, 05/15/2025 (A)		1,055		980
6.250%, 11/15/2022 (A)		952		925
Northwest Acquisitions ULC
7.125%, 11/01/2022 (A)		2,115		1,036
NOVA Chemicals
5.250%, 06/01/2027 (A)		250		211
5.000%, 05/01/2025 (A)		1,800		1,512
4.875%, 06/01/2024 (A)		300		263
Novelis
5.875%, 09/30/2026 (A)		1,884		1,849
4.750%, 01/30/2030 (A)		850		757
OCI
5.250%, 11/01/2024 (A)		459		395
Owens-Brockway Glass Container
6.375%, 08/15/2025 (A)		600		570
5.875%, 08/15/2023 (A)		679		665
PQ
6.750%, 11/15/2022 (A)		380		382
Rain CII Carbon
7.250%, 04/01/2025 (A)		5,715		4,801
Reichhold Industries
9.000%, 05/08/2017 (A)(B)(D)		859		–
Reynolds Group
7.000%, 07/15/2024 (A)		1,183		1,202
Reynolds Group Issuer
5.331%, VAR ICE LIBOR USD 3 Month+3.500%, 07/15/2021 (A)		600		585


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		115

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

High Yield Bond Fund (Continued)



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Scotts Miracle-Gro
5.250%, 12/15/2026	$	1,010	$	960
4.500%, 10/15/2029		927		883
Sealed Air
4.000%, 12/01/2027 (A)		1,128		1,049
Silgan Holdings
4.125%, 02/01/2028 (A)		1,135		1,047
Starfruit Finco BV
8.000%, 10/01/2026 (A)		1,955		1,856
Taseko Mines
8.750%, 06/15/2022 (A)		978		440
Trident Merger Sub
6.625%, 11/01/2025 (A)		1,596		1,281
Trident TPI Holdings
9.250%, 08/01/2024 (A)		2,062		1,711
Trinseo Materials Operating
5.375%, 09/01/2025 (A)		630		531
Trivium Packaging Finance BV
8.500%, 08/15/2027 (A)		818		822
5.500%, 08/15/2026 (A)		1,356		1,349
Tronox
6.500%, 04/15/2026 (A)		668		601
Tronox Finance
5.750%, 10/01/2025 (A)		1,284		1,146
United States Steel
6.250%, 03/15/2026		785		495
Valvoline
4.250%, 02/15/2030 (A)		185		173
Venator Finance Sarl
5.750%, 07/15/2025 (A)		761		594
Warrior Met Coal
8.000%, 11/01/2024 (A)		1,650		1,370
				116,083

Real Estate — 1.8%
Brookfield Property REIT
5.750%, 05/15/2026 (A)		2,453		1,990
CoreCivic
5.000%, 10/15/2022		245		231
4.625%, 05/01/2023		475		432
Crown Castle International
3.300%, 07/01/2030		133		132
Equinix
5.875%, 01/15/2026		605		617
GEO Group
5.875%, 01/15/2022		280		252
5.125%, 04/01/2023		1,805		1,354
Iron Mountain
5.250%, 03/15/2028 (A)		1,357		1,340
4.875%, 09/15/2027 (A)		1,667		1,617
4.875%, 09/15/2029 (A)		1,940		1,822



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
iStar
4.750%, 10/01/2024	$	566	$	475
4.250%, 08/01/2025		1,119		920
Lamar Media
4.000%, 02/15/2030 (A)		565		526
3.750%, 02/15/2028 (A)		847		794
MPT Operating Partnership
5.000%, 10/15/2027		998		968
4.625%, 08/01/2029		1,355		1,260
Realogy Group
4.875%, 06/01/2023 (A)		986		828
RHP Hotel Properties
5.000%, 04/15/2023		415		324
Ryman Hospitality Properties
4.750%, 10/15/2027 (A)		1,895		1,421
SBA Communications
4.875%, 09/01/2024		235		238
3.875%, 02/15/2027 (A)		564		565
Uniti Group
8.250%, 10/15/2023		636		487
7.875%, 02/15/2025 (A)		813		748
7.125%, 12/15/2024 (A)		705		524
6.000%, 04/15/2023 (A)		2,140		1,947
VICI Properties
4.625%, 12/01/2029 (A)		448		409
4.250%, 12/01/2026 (A)		429		394
4.125%, 08/15/2030 (A)		816		764
3.750%, 02/15/2027 (A)		200		189
				23,568

Utilities — 2.1%
AES
6.000%, 05/15/2026		140		138
5.500%, 04/15/2025		415		407
AmeriGas Partners
5.875%, 08/20/2026		485		465
5.500%, 05/20/2025		1,658		1,525
Calpine
5.250%, 06/01/2026 (A)		1,154		1,096
5.125%, 03/15/2028 (A)		998		918
4.500%, 02/15/2028 (A)		3,116		3,020
Consolidated Edison of New York
3.950%, 04/01/2050		892		938
Edison International
4.950%, 04/15/2025		107		107
NextEra Energy Operating Partners
4.500%, 09/15/2027 (A)		1,139		1,110
4.250%, 07/15/2024 (A)		2,176		2,122
NRG Energy
7.250%, 05/15/2026		1,890		1,980
6.625%, 01/15/2027		176		183
5.250%, 06/15/2029 (A)		123		127


116		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Talen Energy Supply
6.625%, 01/15/2028 (A)	$	1,635	$	1,373
TerraForm Power Operating
4.250%, 01/31/2023 (A)		1,474		1,463
Vistra Operations
5.625%, 02/15/2027 (A)		2,614		2,696
5.500%, 09/01/2026 (A)		920		948
5.000%, 07/31/2027 (A)		2,537		2,575
4.300%, 07/15/2029 (A)		1,636		1,450
3.700%, 01/30/2027 (A)		2,119		1,886
3.550%, 07/15/2024 (A)		565		531
				27,058

Total Corporate Obligations (Cost $1,152,098) ($ Thousands)				983,261

LOAN PARTICIPATIONS – 9.0%
Academy, Ltd., Initial Term Loan, 1st Lien
6.100%, VAR LIBOR+4.000%, 07/01/2022		–		–
5.581%, VAR LIBOR+4.000%, 07/01/2022		5,743		3,066
AI Agua Merger (Culligan), Term Loan B-1, 1st Lien
4.322%, 12/13/2023		1,047		890
Air Medical Group Holdings, Inc., 2018 New Term Loan, 1st Lien
5.863%, VAR LIBOR+4.250%, 03/14/2025		1,019		907
Air Medical Group Holdings, Inc., 2018 Term Loan, 1st Lien
4.932%, VAR LIBOR+3.250%, 04/28/2022		1,680		1,550
Allied Universal Holdco LLC (f/k/a USAGM Holdco, LLC), Initial Term Loan, 1st Lien
5.239%, VAR LIBOR+4.250%, 07/10/2026		880		810
Alvogen Pharma US, Inc., 2018 Refinancing Term Loan, 1st Lien
5.820%, 04/01/2022		1,266		1,084
AMC Entertainment Holdings, Inc. (fka AMC Entertainment Inc.), Term B-1 Loan, 1st Lien
4.080%, 04/22/2026		75		55
American Tire Distributors, Inc., Initial Term Loan, 1st Lien
8.489%, VAR LIBOR+4.250%, 09/02/2024		2,147		1,417
Arconic Corporation, Initial Term Loan, 1st Lien
2.750%, 02/04/2027		465		418



Description	Face Amount (Thousands)		Market Value ($ Thousands)

LOAN PARTICIPATIONS (continued)
Ascend Learning, LLC, Initial Term Loan, 2nd Lien
4.000%, VAR LIBOR+3.250%, 07/12/2024	$	142	$	126
Asurion, LLC (fka Asurion Corporation), Second Lien Replacement B-2 Term Loan, 1st Lien
7.489%, VAR LIBOR+6.000%, 08/04/2025		2,313		2,108
Avaya Inc., Tranche B Term Loan, 2nd Lien
4.955%, 12/15/2024		74		63
AVSC Holding Corp., 2019 Incremental Term Loan, 1st Lien
6.204%, VAR LIBOR+4.500%, 10/15/2026		1,030		618
Banijay, Term Loan, 1st Lien
0.000%, 03/04/2025 (H)		45		40
Bausch Health Companies Inc., Initial Term Loan, 1st Lien
3.612%, VAR LIBOR+3.000%, 06/02/2025		518		490
Big River Steel LLC, Closing Date Term Loan, 1st Lien
6.450%, VAR LIBOR+5.000%, 08/23/2023		1,292		1,228
Boardriders, Inc., Initial Loan, 1st Lien
8.277%, 04/23/2024		2,099		1,498
0.000%, 04/23/2024 (H)		–		–
Brazos Delaware II, LLC, Initial Term Loan, 1st Lien
4.924%, 05/21/2025		1,310		661
Buckeye Partners, L.P., Initial Term Loan, 1st Lien
4.265%, VAR LIBOR+2.750%, 11/01/2026		230		210
BWay Holding Company , Initial Term Loan, 1st Lien
5.084%, VAR LIBOR+3.250%, 04/03/2024		4,106		3,329
3.456%, VAR LIBOR+3.250%, 04/03/2024		6		5
Carestream Health, Inc., Extended Term Loan, 1st Lien
11.572%, 06/07/2021		1,637		1,371
7.322%, 02/28/2021		1,464		1,323
Cengage Learning, Inc., 2016 Refinancing Term Loan, 1st Lien
5.250%, VAR LIBOR+4.250%, 06/07/2023		3,937		3,172
CenturyLink, Inc., Term B Loan, 1st Lien
2.250%, 03/15/2027		155		144
Cenveo Corporation, Exit Term Loan
12.750%, 06/07/2023 (D)		9		9


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		117

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

High Yield Bond Fund (Continued)



Description	Face Amount (Thousands)		Market Value ($ Thousands)

LOAN PARTICIPATIONS (continued)
Cenveo Corporation, Exit Term Loan, 1st Lien
10.500%, 06/07/2023 (D)	$	1,555	$	1,508
Claire’s Stores, Inc., Initial Term Loan, 1st Lien
6.500%, 12/18/2026		1,139		937
ConvergeOne Holdings, Corp., Initial Term Loan
5.989%, 01/04/2026		3,258		2,476
Coty Inc., Term B USD Loan, 1st Lien
3.255%, 04/07/2025		1,660		1,313
Diebold Nixdorf, Incorporated (f/k/a Diebold, Incorporated), Term A-1 Loan, 1st Lien
10.250%, 08/31/2022		1,733		1,531
East Valley Tourist Development Authority, Term Loan, 1st Lien
9.072%, VAR LIBOR+8.000%, 09/30/2020 (D)		2,112		1,795
Envision Healthcare Corporation, Initial Term Loan, 1st Lien
4.739%, 10/10/2025		5,766		2,912
Epic Crude Services, LP, Term Loan, 1st Lien
6.620%, 03/02/2026		1,720		1,124
EPIC Y-Grade Services, LP, Term Loan, 1st Lien
7.620%, 06/13/2024		2,078		1,500
Explorer Holdings, Inc., Initial Term Loan, 1st Lien
0.149%, 02/05/2027		1,282		1,115
Foresight Energy LLC, Term Loan, 1st Lien
7.363%, VAR LIBOR+5.750%, 03/28/2022 (B)		1,221		159
Frontier Communications Corporation, Term B-1 Loan, 1st Lien
5.350%, VAR LIBOR+3.750%, 06/15/2024		930		880
Gardner Denver, Inc., 2020 GDI Tranche B-2 Dollar Term Loan, 1st Lien
1.750%, 03/01/2027		466		436
Gates Global LLC, Term Loan B, 1st Lien
3.750%, 04/01/2024		507		437
GFL Environmental Inc., Effective Date Incremental Term Loan, 1st Lien
3.989%, 05/30/2025		336		324
Go Wireless, Inc., Senior Lien Term Loan, 1st Lien
7.500%, 12/22/2024		354		276
Green Energy Partners/Stonewall LLC, Term B-1 Conversion Advances, 1st Lien
6.950%, VAR LIBOR+5.500%, 11/13/2021 (D)		402		287
Harland Clarke Holdings, Cov-Lite, Term Loan, 1st Lien
6.463%, 11/03/2023		274		165



Description	Face Amount (Thousands)		Market Value ($ Thousands)

LOAN PARTICIPATIONS (continued)
Hub International Limited, 2019 Incremental Term Loan, 1st Lien
5.692%, VAR LIBOR+4.000%, 04/25/2025	$	800	$	750
iHeartCommunications, Inc. (fka Clear Channel Communications, Inc.), New Term Loan, 1st Lien
3.989%, 05/01/2026		747		626
II-VI
4.489%, 09/24/2026		1,107		912
Indivior Finance S.a r.l., 2017 Replacement USD Term Loan, 1st Lien
6.280%, 12/19/2022 (D)		654		530
Informatica LLC , Dollar 2020 Term Loan, 1st Lien
3.250%, 02/25/2027		98		84
Innophos Holdings, Inc., Initial Term Loan, 1st Lien
3.750%, 02/05/2027		1,080		915
Inteliquent, Term Loan, 1st Lien
5.500%, 02/10/2024		474		365
J.C. Penney Company, Inc., Term Loan B, 1st Lien
5.863%, 06/23/2023		1,924		757
Jaguar Holding Company I, LLC (fka Jaguar Holding Company I), 2018 Term Loan, 1st Lien
3.500%, VAR LIBOR+2.500%, 08/18/2022		825		785
Knight Energy Services, Exit Facility Loan
8.500%, 02/09/2024 (D)		57		—
Kronos Acquisition Intermediate Inc., Initial Loan, 1st Lien
6.256%, 05/15/2023		214		190
5.000%, 05/15/2023		111		99
Kronos Incorporated, Initial Term Loan, 1st Lien
10.013%, 10/18/2024		667		611
Lanai Holdings II, Inc., Initial Term Loan, 1st Lien
6.527%, 08/29/2022		4,012		2,865
Lifescan Global Corporation, Initial Term Loan, 1st Lien
8.085%, 10/01/2024		28		22
8.056%, 10/01/2024		5,275		4,127
Ligado Networks LLC (fka New LightSquared, LLC), Junior Loan, 1st Lien
13.500%, VAR LIBOR+12.500%, 12/07/2020 (D)		155		23
Mashantucket (Western) Pequot Tribe, Term B Loan, 1st Lien
9.375%, VAR LIBOR+8.125%, 06/30/2020 (D)		6,939		6,210


118		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020



Description	Face Amount (Thousands)		Market Value ($ Thousands)

LOAN PARTICIPATIONS (continued)
Mavenir Systems, Inc., Initial Term Loan, 1st Lien
7.000%, 05/08/2025 (D)	$	2,406	$	2,045
McGraw-Hill Global Education Holdings, LLC, Term B Loan, 1st Lien
5.450%, VAR LIBOR+4.000%, 05/04/2022		4,066		3,307
Medallion Midland Acquisition LLC, Term Loan, 1st Lien
4.250%, VAR LIBOR+3.250%, 10/30/2024		1,242		671
Merrill Communications, Term Loan, 1st Lien
6.908%, 10/05/2026 (D)		1,520		1,338
Metroflag, 2nd Lien
14.000%, 01/06/2009 (B)(D)		300		–
MLN US HoldCo LLC, Term B Loan, 2nd Lien
6.015%, 11/30/2025		812		557
Monitronics International
7.500%, 03/29/2024		2,780		1,838
Neiman Marcus Group LTD LLC, Cash Pay/PIK Extended Term Loan, 1st Lien
6.516%, 10/25/2023		1,218		427
Nestle Skin Health, Term Loan B
5.322%, 10/01/2026		715		639
New LightSquared LLC, Loan, 1st Lien
11.750%, 12/07/2020		32		16
New rue21, LLC, Term Loan, 1st Lien
12.500%, VAR FIXED+12.500%, 09/22/2022		128		116
Nine West Holdings Inc., Term Loan, 1st Lien
9.116%, 03/19/2024		709		607
Nouryon Finance B.V., Initial Dollar Term Loan, 1st Lien
3.863%, VAR LIBOR+3.250%, 10/01/2025		457		407
Ortho-Clinical Diagnostics, Inc., Term Loan B, 1st Lien
4.765%, 06/30/2025		1,761		1,490
Panther BF Aggregator 2 L P, Initial Dollar Term Loan, 1st Lien
4.441%, VAR LIBOR+3.500%, 04/30/2026		2,401		2,185
Patterson Companies, Term Loan B, 1st Lien
7.008%, 08/29/2022		2		1
Peak, Term Loan B, 1st Lien
4.950%, 08/01/2024		4,734		3,314
Petco Animal Supplies, Inc., Term Loan, 1st Lien
5.027%, VAR LIBOR+3.250%, 01/26/2023		864		595
PetSmart, Inc., Amended Loan, 1st Lien
5.000%, VAR LIBOR+4.000%, 03/11/2022		1,264		1,208



Description	Face Amount (Thousands)		Market Value ($ Thousands)

LOAN PARTICIPATIONS (continued)
Plantronics, Inc., Initial Term B Loan
3.459%, 07/02/2025	$	607	$	470
Playtika Holding Corp., Term B Loan, 1st Lien
7.072%, VAR LIBOR+6.000%, 12/10/2024		1,760		1,634
Polymer Additives, Inc., Closing Date Term Loan
7.777%, 07/31/2025 (D)		512		364
Quorum Health Corporation, Term Loan
8.527%, VAR LIBOR+6.750%, 04/29/2022		–		–
Radio One, Inc., Initial Term Loan
5.000%, VAR LIBOR+4.000%, 04/18/2023		605		433
Red Lobster Management LLC, Initial Term Loan, 1st Lien
6.250%, 07/28/2021 (D)		1,756		1,317
Refinitiv US Holdings Inc., Initial Dollar Term Loan, 1st Lien
4.239%, 10/01/2025		228		218
Regionalcare Hospital Partners Holdings, Inc., Term B Loan, 1st Lien
4.739%, 11/16/2025		528		487
Revlon Consumer Products Corporation, Initial Term B Loan
5.113%, VAR LIBOR+3.500%, 09/07/2023		4,946		1,898
4.950%, VAR LIBOR+3.500%, 09/07/2023		13		5
Schenectady International Group, Inc., Initial Term Loan
6.624%, 10/15/2025		1,851		1,602
5.739%, 10/15/2025		37		32
Sequa Mezzanine Holdings L.L.C., Initial Term Loan
6.712%, VAR LIBOR+5.000%, 11/28/2021		26		20
Sequa Mezzanine Holdings LLC, Term Loan, 1st Lien
7.728%, VAR LIBOR+5.000%, 11/28/2021		5		4
Shutterfly, Insitutional Term Loan, 1st Lien
7.450%, 09/25/2026		226		181
0.723%, 09/25/2026		34		27
SP PF Buyer LLC, Closing Date Term Loan
5.489%, 12/22/2025		1,528		1,224
Sprint Communications, Inc., 2019 Incremental Term Loan, 1st Lien
4.625%, VAR LIBOR+3.000%, 02/02/2024		585		580
Staples, Inc., 2019 Refinancing New Term B-1 Loan, 1st Lien
6.515%, 04/16/2026		1,681		1,320


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		119

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

High Yield Bond Fund (Continued)



Description	Face Amount (Thousands)		Market Value ($ Thousands)

LOAN PARTICIPATIONS (continued)
Starfruit Finco B.V. (Starfruit US Holdco LLC), Initial Dollar Term Loan
3.863%, 10/01/2025	$	89	$	79
Steinway Musical Instruments, Inc., Closing Date Loan
4.455%, 02/14/2025		759		698
Sundyne, Initial Term B Loan
0.203%, 03/03/2027		830		707
Syniverse Holdings, Inc., Tranche C Term Loan
6.873%, VAR LIBOR+5.000%, 03/09/2023		4,912		3,144
Team Health Holdings, Inc., Initial Term Loan
3.750%, VAR LIBOR+2.750%, 02/06/2024		5,727		3,579
Terrier Media, Initial Term Loan, 1st Lien
5.700%, 12/17/2026		1,125		993
Titan Acquisition Limited, Initial Term Loan
4.450%, 03/28/2025		1,081		881
Traverse Midstream Partners LLC, Advance
5.000%, VAR LIBOR+4.000%, 09/27/2024		3,755		2,065
U.S. Renal Care, Inc., Initial Term Loan, 1st Lien
6.000%, VAR LIBOR+5.000%, 06/26/2026		489		422
Vertic Group Corporation, Term Loan, 1st Lien
4.581%, 02/11/2027		150		129
Windstream Services, LLC (fka Windstream Corporation), Tranche B-6 Term Loan (2016)
9.750%, VAR LIBOR+4.000%, 03/29/2021		934		574
Woodford Express, LLC, Initial Term Loan
6.000%, 01/27/2025		1,236		742
YUM! Brands, Inc., Term Loan
4.191%, 06/16/2023		1,296		1,221
Zayo Group Holdings, Inc., Initial Dollar Term Loan, 1st Lien
3.000%, 02/19/2027		2,005		1,885

Total Loan Participations (Cost $146,159) ($ Thousands)				115,334



Description	Face Amount (Thousands)		Market Value ($ Thousands)

ASSET-BACKED SECURITIES — 8.9%

Other Asset-Backed Securities — 8.9%

Airplanes Pass-Through Trust, Ser 2001-1A, Cl A9
2.209%, VAR ICE LIBOR USD 1 Month+0.550%, 03/15/2019 (A)(B)(D)	$	587	$	22
Ares XXXIV CLO, Ser 2015-2A, Cl SUB
0.000%, 04/17/2033 (A)(D)(I)		7,966		2,788
Ares XXXIV CLO, Ser 2020-2A, Cl FR
1.516%, VAR ICE LIBOR USD 3 Month+8.600%, 04/17/2033 (A)		1,446		723
B&M CLO, Ser 2014-1A, Cl E
7.593%, VAR ICE LIBOR USD 3 Month+5.750%, 04/16/2026 (A)(D)		2,480		1,959
Battalion CLO IV, Ser 2013-4A, Cl SUB
0.000%, 10/22/2025 (A)(D)(I)		5,640		28
Battalion CLO V, Ser 2014-5A, Cl SUB
0.000%, 04/17/2026 (A)(D)(I)		3,274		64
Battalion CLO VII, Ser 2014-7A, Cl SUB
0.000%, 07/17/2028 (A)(D)(I)		4,490		1,122
Battalion CLO VIII, Ser 2015-8A, Cl SUB
0.000%, 07/18/2030 (A)(D)(G)(I)		3,390		1,932
Battalion CLO X, Ser 2016-10A, Cl SUB
0.000%, 01/24/2029 (A)(D)(G)(I)		4,450		3,516
Battalion CLO XI, Ser 2017-11A, Cl SUB
0.000%, 10/24/2029 (A)(D)(I)		5,857		2,050
Battalion CLO XII, Ser 2018-12A, Cl SUB
0.000%, 05/17/2031 (A)(D)(I)		4,663		2,098
Battalion CLO XIV, Ser 2019-14A
0.000%, 04/20/2032 (D)(I)		3,427		1,542
Battalion CLO XVI, Ser 2019-16A, Cl SUB
0.000%, 12/19/2032 (A)(D)(I)		3,589		1,794
Benefit Street Partners CLO III, Ser 2013-IIIA, Cl SUB
0.000%, 07/20/2029 (A)(D)(G)(I)		2,531		810
Benefit Street Partners CLO IV
0.000%, 07/20/2026 (A)(D)(I)		5		1,682
Benefit Street Partners CLO IX
0.000%, 07/20/2025 (A)(D)(I)		2,293		802
Benefit Street Partners CLO V
0.000%, 10/20/2026 (A)(D)(I)		6,387		32
Benefit Street Partners CLO V-B
0.000%, 04/20/2031 (D)(I)		10,259		5,724
Benefit Street Partners CLO VI, Ser 2015-VIA, Cl SUB
0.000%, 10/18/2029 (A)(D)(I)		7,502		3,413
Benefit Street Partners CLO VII, Ser 2015-VIII, Cl SUB
0.000%, 07/18/2027 (D)(I)		6,715		1,910
Benefit Street Partners CLO VIII
0.000%, 01/20/2028 (A)(D)(G)(I)		6,720		4,301


120		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020



Description	Face Amount (Thousands)		Market Value ($ Thousands)

ASSET-BACKED SECURITIES (continued)
Benefit Street Partners CLO X, Ser 2016-10A, Cl SUB
0.000%, 01/15/2029 (A)(D)(I)	$	6,228	$	2,923
Benefit Street Partners CLO XIV, Warehouse Note, Ser 2018-14A, Cl SUB
0.000%, 04/20/2031 (A)(D)(I)		3,809		1,524
Benefit Street Partners CLO XVIII, Ser 2019- 18A, Cl SUB
0.000%, 10/15/2032 (A)(D)(I)		3,486		2,594
Benefit Street Partners CLO, Warehouse Note
0.000%, (D)(K)		1,480		1,480
Cathedral Lake CLO, Ser 2015-3A, Cl SUB
0.000%, 01/15/2026 (A)(D)(I)		1,869		785
Cathedral Lake V, Ser 2018-5A, Cl SUB
0.000%, 10/21/2030 (A)(D)(I)		3,139		1,507
CVP Cascade CLO, Ser 2014-2A, Cl D
6.619%, VAR ICE LIBOR USD 3 Month+4.800%, 07/18/2026 (A)(D)		2,277		1,822
CVP Cascade CLO, Ser 2014-2A, Cl E
7.619%, VAR ICE LIBOR USD 3 Month+5.800%, 07/18/2026 (A)(D)		2,469		1,901
Dryden 75 CLO, Ser 2019-75A, Cl SUB
0.000%, 07/15/2030 (A)(D)(I)		2,915		1,661
Fifth Street Senior Loan Fund, Ser 2015-1A, Cl E
9.019%, VAR ICE LIBOR USD 3 Month+7.200%, 01/20/2027 (A)(D)		3,890		2,723
Figueroa CLO, Ser 2013-2A, Cl SUB
0.000%, 06/20/2027 (A)(D)(I)		2,907		569
Great Lakes CLO, Ser 2014-1A, Cl SUB
0.000%, 10/15/2029 (A)(D)(I)		4,860		3,125
Great Lakes CLO, Ser 2015-1A, Cl ER
9.203%, VAR ICE LIBOR USD 3 Month+7.360%, 01/16/2030 (A)(D)		3,253		1,805
Great Lakes CLO, Ser 2015-1A, Cl FR
11.843%, VAR ICE LIBOR USD 3 Month+10.000%, 01/16/2030 (A)(D)		1,198		613
Great Lakes CLO, Ser 2015-1A, Cl SUB
0.000%, 01/16/2030 (A)(D)(I)		4,519		2,593
Great Lakes CLO, Ser 2017-1A, Cl ER
9.331%, VAR ICE LIBOR USD 3 Month+7.500%, 10/15/2029 (A)(D)		3,321		1,893
Great Lakes CLO, Ser 2017-1A, Cl FR
11.831%, VAR ICE LIBOR USD 3 Month+10.000%, 10/15/2029 (A)(D)		1,940		1,015
Ivy Hill Middle Market Credit Fund VII, Ser 2013-7A, Cl SUB
0.000%, 10/20/2029 (A)(D)(I)		2,484		1,302
Ivy Hill Middle Market Credit Fund XII, Ser 2017-12A, Cl D
9.379%, VAR ICE LIBOR USD 3 Month+7.560%, 07/20/2029 (A)(D)		3,223		2,170



Description	Face Amount (Thousands)		Market Value ($ Thousands)

ASSET-BACKED SECURITIES (continued)
Ivy Hill Middle Market Credit Fund XII, Ser 2017-12A, Cl SUB
0.000%, 07/20/2029 (A)(D)(I)	$	651	$	374
Ivy Hill Middle Market Credit Fund XIV, Ser 2018-14A, Cl D
8.889%, VAR ICE LIBOR USD 3 Month+7.070%, 04/18/2030 (A)(D)		1,559		1,013
IVY Hill Middle Market Credit Fund XIV, Ser 2018-14A, Cl SUB
0.000%, 04/18/2030 (A)(D)(I)		1,169		468
Lockwood Grove CLO, Ser 2014-1A, Cl SUB
0.000%, 01/25/2030 (A)(D)(I)		3,797		1,481
Lockwood Grove CLO, Ser 2018-1A, Cl ERR
7.644%, VAR ICE LIBOR USD 3 Month+5.850%, 01/25/2030 (A)(D)		2,499		1,499
Neuberger Berman CLO XVI-S, Ser 2018- 16SA, Cl SUB
0.000%, 01/15/2028 (A)(D)(I)		1,459		365
Neuberger Berman CLO XXII, Ser 2016-22A, Cl F
0.100%, 10/17/2030 (A)(D)		112		17
Neuberger Berman CLO XXII, Ser 2016-22A, Cl SUB
0.000%, 10/17/2027 (A)(D)(I)		3,640		1,383
Neuberger Berman Loan Advisers CLO, Ser 2020-36A, Cl INC
0.000%, 04/20/2033 (A)(D)(I)		1,095		821
Neuberger Berman Loan Advisers CLO, Ser 2020-36A, Cl SPIN
0.000%, 04/20/2033 (A)(D)(I)		14		13
NewStar Clarendon Fund CLO, Ser 2015-1A, Cl E
7.844%, VAR ICE LIBOR USD 3 Month+6.050%, 01/25/2027 (A) (D)(G)		3,439		3,157
NewStar Fairfield Fund CLO, Ser 2015-2A, Cl SUB
0.000%, 04/20/2030 (A)(D)(I)		7,983		2,358
OCP CLO, Ser 2017-14A, Cl SUB
0.000%, 11/20/2030 (A)(D)(I)		1,655		712
Onex Credit Partners CLO, Warehouse Note
0.000%, (D)(K)		987		987
Shackleton 2019-XIV Clo, Ser 2019-14A, Cl SUB
0.000%, 07/20/2030 (A)(D)(I)		1,999		979
Shackleton CLO, Ser 2014-6A, Cl SUB
0.000%, 07/17/2026 (A)(D)(I)		7,935		1
Shackleton CLO, Ser 2014-6RA
0.000%, 07/17/2028 (D)(I)		6,388		1,022
TCP Whitney CLO, Ser 2017-1I, Cl SUB
0.000%, 08/20/2029 (D)(I)		9,085		5,302


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		121

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

High Yield Bond Fund (Continued)



Description	Face Amount (Thousands)		Market Value ($ Thousands)

ASSET-BACKED SECURITIES (continued)
TCW Asset Management CLO, Warehouse Note
0.000%, (D)(K)	$	5,786	$	5,786
TCW CLO, Ser 2017-1A, Cl SUB
0.000%, 07/29/2029 (A)(D)(I)		4,194		2,474
TCW CLO, Ser 2018-1A, Cl SUB
0.000%, 04/25/2031 (A)(D)(I)		2,978		1,013
TCW CLO, Ser 2019-2A, Cl SUB
0.000%, 10/20/2032 (A)(D)(I)		3,528		2,399
Venture 35 CLO, Ser 2018-35A, Cl SUB
0.000%, 10/22/2031 (A)(D)(I)		11,892		5,114
Venture CDO, Ser 2016-25A, Cl SUB
0.000%, 04/20/2029 (A)(D)(I)		2,030		934
Venture XXVI CLO, Ser 2017-26A, Cl SUB
0.000%, 01/20/2029 (A)(D)(I)		1,609		563
Venture XXVIII CLO, Ser 2017-28A, Cl SUB
0.000%, 07/20/2030 (A)(D)(I)		3,228		1,679

Total Asset-Backed Securities (Cost $127,516) ($ Thousands)				114,231

	Shares

COMMON STOCK — 1.1%
21st Century Oncology *(D)(G)		1,533		53
Amplify Energy		81,558		46
Aspect Software, Cl CR1 *(D)		27,500		–
Aspect Software, Cl CR2 *(D)		11,134		–
ATD New Holdings *(D)(E)		1,854		28
Avaya Holdings Corp *		23,820		193
Battalion Oil *		3,699		17
Berry Corp		6,745		16
Berry Petroleum Corp		323,765		780
Cenveo Corp *(E)		38,426		548
CHC Group LLC *		1,075		–
Clear Channel Outdoor Holdings Inc, Cl A *		202,317		129
CUI Acquisition *(D)(E)(F)		3		–
Cumulus Media Inc, Cl A *		70,219		381
Global Aviation Holdings Inc, Cl A *(D)		97,655		–
Gymboree *(D)(E)		40,312		20
Hexion Holdings Corp *		105,856		1,006
iHeartMedia Inc *		89,378		653
Jupiter Resources *(D)(E)		317,569		318
Knight Energy Services *(D)(E)		1,764		–
Medical Card Systems *(D)		284,758		–
Mmodal *(D)(E)		148,769		1,026
Monitronics International (D)(G)		105,722		1,571
Monitronics International Inc *(D)(G)		107,468		1,597
Nine West FKA Premier Brands (E)		92,548		648
Parker Drilling		2,817		24
Parker Drilling Co *		76,272		647
Quad/Graphics Inc		166		–
Reichhold Industries *(D)(E)(G)		1,427		1,464
Remington Outdoor Company Inc *(D)(E)(G)		12,794		9



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Rue 21 *(E)		1,835	$	128
SandRidge Energy *		3,760,982		7
TE Holdcorp *(D)		50,160		–
Titan Energy LLC *(E)		22,243		1
UCI International Holdings *(D)(E)(G)		27,268		641
VICI Properties Inc ^‡		81,122		1,350
Vistra Energy Corp		28,053		448

Total Common Stock (Cost $29,452) ($ Thousands)				13,749

	Face Amount (Thousands)

CONVERTIBLE BONDS — 0.6%
CHC Group CV to 125.0000
13.239%, 10/01/2020 (D)(J)	$	55		11
Cheniere Energy
4.250%, 03/15/2045		615		301
Chesapeake Energy CV to 116.7134
5.500%, 09/15/2026		100		5
Liberty Media CV to 16.7764
3.750%, 02/15/2030		4,052		2,634
Liberty Media CV to 22.94686
4.000%, 11/15/2029		493		345
MagnaChip Semiconductor CV to 121.1387
5.000%, 03/01/2021		300		403
MGIC Investment CV to 74.0741
9.000%, 04/01/2063 (A)		1,912		2,478
NextEra Energy Partners
1.500%, 09/15/2020 (A)		237		234
Oasis Petroleum
2.625%, 09/15/2023		105		12
Tutor Perini
2.875%, 06/15/2021		1,058		974

Total Convertible Bonds (Cost $7,635) ($ Thousands)				7,397

MUNICIPAL BONDS — 0.3%

Connecticut — 0.1%
Mohegan Tribal, Finance Authority, RB Callable 02/01/2023 @ 100
7.000%, 02/01/2045 (A)		1,790		1,687

Puerto Rico — 0.2%
Commonwealth of Puerto Rico, Ser A, GO
5.250%, 07/01/2023 (B)		350		220
5.125%, 07/01/2037 (B)		340		211
5.000%, 07/01/2041 (B)		765		465
Puerto Rico, Electric Power Authority, Ser A, RB
5.000%, 07/01/2042 (B)		135		92


122		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Puerto Rico, Electric Power Authority, Ser AAA, RB
5.250%, 07/01/2025 (B)	$	190	$	129
5.250%, 07/01/2027 (B)		245		167
Puerto Rico, Electric Power Authority, Ser CCC, RB
5.250%, 07/01/2026 (B)		390		266
Puerto Rico, Electric Power Authority, Ser CCC, RB
5.250%, 07/01/2027 (B)		320		218
Puerto Rico, Electric Power Authority, Ser NN, RB
5.500%, 07/01/2020 (B)		390		267
Puerto Rico, Electric Power Authority, Ser TT, RB
5.000%, 07/01/2032 (B)		250		170
Puerto Rico, Electric Power Authority, Ser WW, RB
5.500%, 07/01/2020 (B)		165		113
5.500%, 07/01/2021 (B)		170		116
5.500%, 07/01/2038 (B)		75		51
5.250%, 07/01/2033 (B)		105		71
Puerto Rico, Electric Power Authority, Ser XX, RB
5.250%, 07/01/2035 (B)		60		41

				2,597

Total Municipal Bonds (Cost $4,297) ($ Thousands)				4,284

	Shares

PREFERRED STOCK — 0.3%
21st Century Oncology, 0.000% *(D)(G)		1,943		469
Claire’s Stores, 0.000% *(D)(E)(G)		771		806
Crestwood Equity Partners, 9.250% (C)(L)		323,008		1,228
FHLMC, 0.000% *(C)		16,903		134
FNMA, 0.000% *(C)(E)		24,650		235
Ladenburg Thalmann Financial Services, 0.000%		57,403		878
MYT Holding, 0.000%		384,147		269
TE Holdcorp, 0.000% *(D)		87,794		—

Total Preferred Stock (Cost $6,756) ($ Thousands)				4,019



Description	Number of Warrants		Market Value ($ Thousands)

WARRANTS — 0.0%
Guitar Center, Expires 12/30/2027 Strike Price $– *(D)		14,007	$	–
iHeartCommunications, Expires 05/01/2039 Strike Price $– *(D)(G)		14,644		205
Jack Cooper Holdings, Expires 04/26/2027 Strike Price $– *(D)		2,496		–
Lion Holding, Expires 12/30/2027 Strike Price $– *		1,575		–
Remington Arms Strike Price $– *(D)		12,902		–
SandRidge Energy, Expires 10/07/2022 Strike Price $41 *(E)		7,382		–
SandRidge Energy, Expires 10/07/2022 Strike Price $42 *(E)		3,108		–

Total Warrants (Cost $299) ($ Thousands)				205

	Shares

AFFILIATED PARTNERSHIP — 0.0%
SEI Liquidity Fund. L.P.
0.760% **^†(M)		1,144		1

Total Affiliated Partnership (Cost $1) ($ Thousands)				1

CASH EQUIVALENT — 1.3%
SEI Daily Income Trust, Government Fund, Cl F
0.290%**^†		16,073,634		16,074
Total Cash Equivalent (Cost $16,074) ($ Thousands)				16,074

Total Investments in Securities — 98.3% (Cost $1,490,287) ($ Thousands)			$	1,258,555


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		123

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

High Yield Bond Fund (Concluded)

Percentages are based on Net Assets of $1,279,967 ($ Thousands).

*	Non-income producing security.

**	The rate reported is the 7-day effective yield as of March 31, 2020.

^‡	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 March 31, 2020, the value of these securities amounted to $798,542 ($ Thousands), representing 62.4% of the Net Assets of the Fund.

(B)	Security is in default on interest payment.

(C)	Perpetual security with no stated maturity date.

(D)	Level 3 security in accordance with fair value hierarchy.

(E)	Securities considered illiquid. The total value of such securities as of March 31, 2020 was $5,890 ($ Thousands) and represented 0.5% of the Net Assets of the Fund.

(F)	Securities considered restricted. The total market value of such securities as of March 31, 2020 was $0 ($ Thousands) and represented 0.0% of the Net Assets of the Fund.

(G)	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 March 31, 2020 was $23,235 ($ Thousands) and represented 1.8% of the Net Assets of the Fund.

(H)	Unsettled bank loan. Interest rate may not be available.

(I)	Interest rate unavailable.

(J)	Zero coupon security. The rate shown on the Schedule of Investments is the security’s effective yield at the time of purchase.

(K)	Warehouse Note - Interest rate and maturity date are unavailable.

(L)	Security is a Master Limited Partnership. At March 31, 2020, such securities amounted to $1,228 ($ Thousands), or 0.1% of the Net Assets of the Fund (see Note 2).

(M)	This security was purchased with cash collateral held from securities on loan (see Note 10). The total market value of such securities as of March 31, 2020 was $1 ($ Thousands).

CDO — Collateralized Debt Obligation

Cl — Class

CLO — Collateralized Loan Obligation

CV — Convertible Security

DAC — Designated Activity Company

FHLMC — Federal Home Loan Mortgage Corporation

FNMA — Federal National Mortgage Association

GO — General Obligation

ICE— Intercontinental Exchange

LIBOR— London Interbank Offered Rate

LLC — Limited Liability Company

LLLP — Limited Liability Limited Partnership

L.P. — Limited Partnership

Ltd. — Limited

MSCI — Morgan Stanley Capital International

MTN — Medium Term Note

PIK — Payment-in-Kind

Pty — Proprietary

RB — Revenue Bond

REIT — Real Estate investment Trust

SPX — Standard & Poor’s 500 Index

ULC — Unlimited Liability Company

USD — U.S. Dollar

VAR — Variable Rate

The following is a list of the level of inputs used as of March 31, 2020, in valuing the Fund’s investments carried at value ($ Thousands):



Investments in Securities	Level 1 ($)		Level 2 ($)		Level 3 ($)⁽¹⁾		Total ($)
Corporate Obligations		–		977,887		5,374		983,261
Loan Participations		–		99,908		15,426		115,334
Asset-Backed Securities		–		723		113,508		114,231
Common Stock		5,698		1,324		6,727		13,749
Convertible Bonds		–		7,386		11		7,397
Municipal Bonds		–		4,284		–		4,284
Preferred Stock		1,463		1,281		1,275		4,019
Warrants		–		–		205		205
Affiliated Partnership		–		1		–		1
Cash Equivalent		16,074		–		–		16,074


Total Investments in Securities		23,235		1,092,794		142,526		1,258,555

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 Loan Participations			Investments in Convertible Bond			Investments in Common Stock			Investments in Preferred Stock		Investments in Warrants		Investments in Asset-Backed Securities
Balance as of October 1, 2019	$	2,877		$	18,149		$	14		$	7,090		$	1,270	$	190	$	145,954
Accrued discounts/premiums		52			146			3			–			–		–		87
Realized gain/(loss)		182			467			–			39			–		–		586
Change in unrealized appreciation/(depreciation)		53			(2,755	)		(6	)		(363	)		5		15		(36,022	)
Purchases		2,568			2,358			–			–			–		–		25,461
Sales		(358	)		(1,975	)		–			(39	)		–		–		(22,558	)
Net transfer into Level 3		–			–			–			–			–		–		–
Net transfer out of Level 3		–			(964	)		–			–			–		–		–
Ending Balance as of March 31, 2020 ⁽¹⁾	$	5,374		$	15,426		$	11		$	6,727		$	1,275	$	205	$	113,508

Changes in unrealized gains/(losses) included in earnings related to securities still held at reporting date	$	49		$	(2,366	)	$	(128	)	$	(98	)	$	56	$	205	$	(36,052	)

(1) Of the $142,526 ($ Thousands) in Level 3 securities as of March 31, 2020, $23,235 ($ Thousands) or 1.8% of the Net Assets of the Fund 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.


124		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

For the period ended March 31, 2020, there were no transfers in or out of Level 3.

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 period ended March 31, 2020 ($ Thousands):



Security Description	Value 9/30/2019	Purchases at Cost	Proceeds from Sales	Realized Gain/ (Loss)	Change in Unrealized Appreciation/ (Depreciation)	Value 3/31/2020	Shares	Income	Capital Gains
SEI Liquidity Fund, L.P.	$ 1	$ —	$ —	$ —	$ —	$ 1	1,144	$ —	$ —
SEI Daily Income Trust, Government Fund, Cl F	90,038	317,998	(391,962)	—	—	16,074	16,073,634	477	—

Totals	$ 90,039	$ 317,998	$ (391,962)	$ —	$ —	$ 16,075		$ 477	$ —

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

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


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		125

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

Conservative Income Fund

LOGO

^†Percentages are based on total investments.



Description	Face Amount (Thousands)		Market Value ($ Thousands)

COMMERCIAL PAPER — 66.7%

Banks — 16.7%
Barclays Bank
1.755%, 08/03/2020 (A)	$	1,000	$	995
Bayerische Landesbank
0.500%, 04/02/2020 (A)		7,000		7,000
BNG Bank
1.571%, 07/31/2020 (A)		3,000		2,986
BNP Paribas
1.825%, 10/02/2020 (A)		2,000		1,987
DNB Bank
0.120%, 04/02/2012 (A)		10,000		10,000
Federation Des Caisses Desjardins
0.410%, 04/06/2020 (A)		7,000		7,000
Landesbank Baden-Wuerttemberg
0.030%, 04/01/2020 (A)		7,000		7,000
MacQuarie Bank
1.862%, 05/07/2020		2,000		1,999
1.255%, 07/07/2020		1,500		1,499
National Australia Bank
1.473%, 05/01/2020 (A)		5,000		4,995
NRW Bank
1.907%, 04/03/2020 (A)		3,000		3,000
0.500%, 04/02/2020 (A)		7,000		7,000
Royal Bank of Canada
1.005%, 09/14/2020 (A)		2,000		1,987
UBS AG
1.813%, 01/25/2021 (A)		1,000		986
				58,434

Consumer Staples — 2.9%
Cargill
0.100%, 04/01/2020 (A)		10,000		10,000

Financials — 44.8%
ABN AMRO Funding
1.823%, 10/02/2020 (A)		3,000		2,977
Australia & New Zealand Banking Group
2.013%, 04/14/2020 (A)		1,750		1,750
Barton Capital
1.450%, 04/06/2020 (A)		7,000		6,999
BPCE
1.963%, 07/31/2020 (A)		1,500		1,495



Description	Face Amount (Thousands)		Market Value ($ Thousands)

COMMERCIAL PAPER (continued)
CAFCO
2.262%, 06/15/2020 (A)	$	3,000	$	2,992
1.587%, 06/04/2020 (A)		5,000		4,988
Caisse d’Amortissement de la Dette Sociale
1.201%, 09/03/2020 (A)		3,000		2,982
Caisse des Depots et Consignations
2.208%, 05/26/2020 (A)		5,000		4,992
Cancara Asset
1.922%, 04/02/2020 (A)		3,000		3,000
CDP Financial
0.945%, 09/03/2020 (A)		5,000		4,968
Chariot Funding
2.251%, 04/01/2020 (A)		10,000		9,999
Collateralized Commercial Paper V Co
2.005%, 04/28/2020 (A)		3,000		2,997
CPPIB Capital
0.951%, 04/30/2020 (A)		4,000		3,996
Crown Point Capital Co.
1.983%, 08/28/2020		1,500		1,500
Fairway Finance Co
2.101%, 04/01/2020 (A)		10,000		10,000
Landesbank Hessen Thueringen Giroz
1.918%, 04/24/2020 (A)		2,000		1,999
Liberty Street Funding
2.263%, 06/25/2020 (A)		3,000		2,989
Manhattan Asset Funding Co
2.101%, 04/01/2020 (A)		3,000		3,000
Mont Blanc Capital
1.044%, 07/09/2020 (A)		3,000		2,987
National Securities Clearing
1.868%, 06/03/2020 (A)		2,000		1,995
1.858%, 06/08/2020 (A)		1,500		1,496
0.450%, 04/03/2020 (A)		5,000		5,000
Nieuw Amsterdam Receivables
1.805%, 06/10/2020 (A)		5,000		4,984
0.973%, 06/09/2020 (A)		4,000		3,988
Nordea Bank
2.675%, 04/27/2020 (A)		2,000		1,999
Norinchukin Bank
1.940%, 04/29/2020		4,000		4,003
Old Line Funding
2.717%, 06/15/2020 (A)		3,000		2,990
1.888%, 07/02/2020 (A)		3,000		2,988
0.904%, 09/03/2020 (A)		2,000		1,987
OMERS Finance Trust
0.650%, 04/03/2020 (A)		8,000		8,000
Ontario Teacher Finance Trust
1.820%, 08/04/2020 (A)		2,500		2,486
Ridgefield Funding Company
1.915%, 04/06/2020 (A)		2,000		2,000
Sheffield Receivables Co
1.153%, 05/21/2020 (A)		4,000		3,989


126		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020



Description	Face Amount (Thousands)		Market Value ($ Thousands)

COMMERCIAL PAPER (continued)
Shell International
2.076%, 06/30/2020 (A)	$	1,000	$	997
Suncorp-Metway
1.921%, 06/09/2020 (A)		1,500		1,496
1.918%, 05/06/2020 (A)		3,000		2,996
1.914%, 06/02/2020 (A)		2,500		2,494
1.859%, 04/07/2020 (A)		2,000		2,000
Thunder Bay Funding
2.113%, 06/15/2020 (A)		3,600		3,588
1.595%, 06/25/2020 (A)		5,000		4,982
Victory Receivables
2.201%, 04/01/2020 (A)		7,000		6,999
1.257%, 04/03/2020 (A)		7,000		6,999
				157,066

Government — 1.7%
PSP Capital
1.002%, 06/02/2020 (A)		3,000		2,993
0.985%, 09/02/2020 (A)		3,000		2,982
				5,975

Industrials — 0.6%
Coca-Cola
2.162%, 05/12/2020 (A)		1,000		998
1.623%, 01/14/2021 (A)		1,000		987

				1,985

Total Commercial Paper (Cost $233,428) ($ Thousands)				233,460

CORPORATE OBLIGATIONS — 7.4%

Banks — 0.9%
Credit Industriel et Commercial
1.149%, VAR ICE LIBOR USD 1 Month+0.220%, 04/24/2020		1,000		1,000
Skandinaviska Enskilda Banken NY
1.000%, VAR ICE LIBOR USD 1 Month+0.250%, 08/19/2020		2,000		1,999
				2,999

Consumer Discretionary — 1.1%
Jets Stadium Development
2.000%, 04/01/2047 (B)(C)		4,000		4,000

Financials — 5.1%
Bank of Nova Scotia
1.979%, VAR ICE LIBOR USD 3 Month+0.100%, 02/08/2021		1,500		1,490
1.030%, VAR ICE LIBOR USD 1 Month+0.230%, 08/17/2020		2,000		1,999
0.540%, VAR US Federal Funds Effective Rate+0.450%, 10/23/2020		1,000		994



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Credit Suisse NY
0.310%, VAR United States Secured Overnight Financing Rate+0.300%, 06/19/2020	$	2,000	$	1,997
Mizuho Bank NY
1.533%, VAR ICE LIBOR USD 3 Month+0.100%, 10/01/2020		2,000		1,994
Sumitomo Mitsui Banking
1.255%, VAR ICE LIBOR USD 1 Month+0.270%, 05/01/2020		2,000		2,001
Svenska Handelsbanken NY
1.606%, VAR ICE LIBOR USD 1 Month+0.250%, 01/04/2021		2,000		1,997
1.601%, VAR ICE LIBOR USD 3 Month+0.150%, 10/02/2020		2,000		1,995
Toronto-Dominion Bank
1.422%, VAR ICE LIBOR USD 3 Month+0.190%, 09/28/2020		1,500		1,497
Wells Fargo Bank
1.918%, VAR ICE LIBOR USD 3 Month+0.110%, 02/22/2021		1,000		993
Westpac Banking
1.149%, VAR ICE LIBOR USD 3 Month+0.150%, 12/09/2020		1,000		995
				17,952

Industrials — 0.3%
Caterpillar Financial Services MTN

1.152%, VAR ICE LIBOR USD 3 Month+0.100%, 06/19/2020		1,000		996

Total Corporate Obligations (Cost $26,000) ($ Thousands)				25,947

U.S. TREASURY OBLIGATION — 0.3%
U.S. Treasury Note
0.305%, VAR US Treasury 3 Month Bill Money Market Yield+0.220%, 07/31/2021		1,000		1,002

Total U.S. Treasury Obligation (Cost $1,000) ($ Thousands)				1,002

CERTIFICATES OF DEPOSIT — 17.7%
Bank of Nova Scotia
1.003%, 08/20/2020		1,500		1,499
BNP Paribas
1.801%, 02/05/2021		2,000		1,986


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		127

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

Conservative Income Fund (Concluded)



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CERTIFICATES OF DEPOSIT (continued)
Collateralized Commercial Paper FLEX Co
1.954%, 01/08/2021	$	2,500	$	2,485
Commonwealth Bank of Australia
1.940%, 07/07/2020		2,000		1,997
Credit Industriel et Commercial
1.003%, 08/20/2020		1,500		1,501
Crown Point Capital
1.316%, 07/06/2020		2,000		2,000
1.296%, 07/06/2020		1,500		1,500
HSBC Bank
1.770%, 12/01/2020		1,000		996
ING U.S.
2.098%, 09/23/2020		1,000		998
2.074%, 10/07/2020		2,000		1,995
1.023%, 08/20/2020		2,000		1,999
Mizuho Bank NY
1.930%, 05/01/2020		2,200		2,200
National Australia Bank
1.119%, 12/09/2020		1,000		995
1.003%, 08/20/2020		2,000		1,999
Natixis
2.720%, 04/03/2020		2,000		2,000
0.360%, 06/05/2020		1,500		1,499
Nordea Bank
0.996%, 09/10/2020		3,000		2,993
Norinchukin Bank
1.640%, 08/25/2020		3,000		3,004
Rabobank
1.185%, 05/08/2020		2,000		2,001
Skandinaviska Enskilda Banken NY
1.930%, 10/16/2020		2,000		2,008
Societe Generale
1.804%, 03/19/2021		2,000		1,985
Svenska Handelsbanken NY
1.981%, 10/15/2020		1,500		1,495
Toronto-Dominion Bank
1.900%, 04/30/2020		2,000		2,001
0.510%, 07/16/2020		2,000		1,993
UBS AG
2.048%, 07/10/2020		3,000		2,997
1.850%, 01/28/2021		1,500		1,490
Wells Fargo Bank
1.960%, 02/16/2021		1,500		1,490
Westpac Securities NZ
1.840%, 01/22/2021		1,000		993
1.810%, 10/30/2020		3,000		2,985
Yankee CD Credit Suisse AG
2.700%, 05/01/2020		2,000		2,003
1.880%, 05/04/2020		5,000		5,004

Total Certificates of Deposit (Cost $62,199) ($ Thousands)				62,091



Description	Shares		Market Value ($Thousands)

CASH EQUIVALENT — 0.2%
SEI Daily Income Trust, Government Fund, Cl F
0.290%**^†		744,718	$	745

Total Cash Equivalent (Cost $745) ($ Thousands)				745

	Face Amount (Thousands)

REPURCHASE AGREEMENTS — 9.4%
Bank of America Securities 0.010%, dated 3/31/2020, to be repurchased on 4/01/2020, repurchase price $21,094,006 (collateralized by U.S. Treasury obligation, par value $17,489,600, 2.250%, 8/15/2049; with total market value $21,467,312) (D)	$	21,094		21,094
Goldman Sachs & Co. 0.010%, dated 3/31/2020, to be repurchased on 4/01/2020, repurchase price $2,000,001 (collateralized by GNMA obligations, par value $422,000 - $3,485,260, 1.875% – 6.000%, 10/27/2026 – 1/20/2041; with total market value $2,027,669) (D)		2,000		2,000

TD Securities 0.020%, dated 3/31/2020, to be repurchased on 4/01/2020, repurchase price $10,000,006 (collateralized by FNMA obligation, par value $9,784,728, 3.000%, 3/1/2050; with total market value $10,275,613) (D)		10,000		10,000

Total Repurchase Agreements (Cost $33,094) ($ Thousands)				33,094

Total Investments in Securities — 101.7% (Cost $356,466) ($ Thousands)			$	356,339

Percentages are based on Net Assets of $350,393 ($ Thousands).

**	The rate reported is the 7-day effective yield as of March 31, 2020.

^†	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 March 31, 2020, the value of these securities amounted to $4,000 ($ Thousands), representing 1.1% of the Net Assets of the Fund.

(C)	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.

(D)	Tri-Party Repurchase Agreement.

Cl — Class

FNMA — Federal National Mortgage Association

GNMA — Government National Mortgage Association


128		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

ICE— Intercontinental Exchange

LIBOR— London Interbank Offered Rate

MTN — Medium Term Note

USD — United States Dollar

VAR — Variable Rate

The following is a list of the level of inputs used as of March 31, 2020, in valuing the Fund’s investments carried at value ($ Thousands):


Investments in Securities	Level 1 ($)		Level 2 ($)		Level 3 ($)		Total ($)
Commercial Paper		—		233,460		—		233,460
Corporate Obligations		—		25,947		—		25,947
U.S. Treasury Obligation		—		1,002		—		1,002
Certificates of Deposit		—		62,091		—		62,091
Cash Equivalent		745		—		—		745
Repurchase Agreements		—		33,094		—		33,094

Total Investments in Securities		745		355,594		—		356,339

For the period ended March 31, 2020, there were no transfers in or out of Level 3.

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 period ended March 31, 2020 ($ Thousands):



Security Description	Value 9/30/2019	Purchases at Cost	Proceeds from Sales	Realized Gain/ (Loss)	Change in Unrealized Appreciation/ (Depreciation)	Value 3/31/2020	Shares	Income	Capital Gains
SEI Daily Income Trust, Government Fund, Cl F	$ 46	$ 6,221	$ (5,522)	$ —	$ —	$ 745	744,718	$ —	$ —

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

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


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		129

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

Tax-Free Conservative Income Fund

LOGO

†Percentages are based on total investments.



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS — 101.3%

Arizona — 1.0%
Yavapai County, Industrial Development Authority, Drake Cement Project, Ser A, RB
5.250%, 09/01/2035 (A)(B)	$	2,000	$	2,000

Connecticut — 2.4%
Connecticut State, Housing Finance Authority, Mortgage Finance Program, Sub-Ser A-3, RB
4.700%, 11/15/2045 (A)		1,150		1,150
Connecticut State, Ser C, GO
5.200%, 05/15/2034 (A)		3,470		3,470

				4,620

District of Columbia — 4.9%
District of Columbia, Community Connections Real Estate Foundation Project, Ser A, RB Callable 04/01/2020 @ 100
4.580%, 07/01/2032 (A)(B)		2,300		2,300
District of Columbia, Medlantic/Helix Project, Ser A, RB Callable 04/01/2020 @ 100
4.500%, 08/15/2038 (A)(B)		2,375		2,375
RBC Municipal Products Trust, Ser 2018-G63, GO
3.300%, 12/01/2023 (A)(B)(C)		2,000		2,000
Tender Option Bond Trust Receipts, Ser 2019- XG0267, RB Callable 10/01/2029 @ 100
5.050%, 10/01/2053 (A)(B)(C)		3,000		3,000

				9,675

Florida — 3.6%
Miami-Dade County, Industrial Development Authority, Dave and Mary Alper Jewish Community Center Project, RB
5.000%, 04/01/2032 (A)(B)		2,895		2,895
Palm Beach County, Raymond Kravis Center Project, RB Callable 04/01/2020 @ 100
3.750%, 07/01/2032 (A)(B)		4,200		4,200

				7,095



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)

Georgia — 1.0%
Georgia State, Municipal Electric Authority, Project One, Sub-Ser B, RB
3.710%, 01/01/2048 (A)(B)	$	2,000	$	2,000

Illinois — 4.5%
Illinois State, Finance Authority, Northwestern University, Sub-Ser, RB
4.850%, 12/01/2046 (A)		1,980		1,980
Illinois State, Finance Authority, YMCA Metropolitan Chicago Project, RB
5.010%, 06/01/2029 (A)(B)		1,800		1,800
Tender Option Bond Trust Receipts, Ser 2015-XF1043, GO
5.000%, 03/01/2033 (A)(B)(C)		4,250		4,250
Tender Option Bond Trust Receipts, Ser 2017-XG0133, RB
4.760%, 05/15/2039 (A)(C)		760		760

				8,790

Iowa — 5.7%
Iowa State, Finance Authority, Midwestern Disaster Area Economic Development, CJ Bio America Project, RB
4.950%, 04/01/2022 (A)(B)		6,300		6,300
Iowa State, Finance Authority, Pollution Control Facilities, MidAmerican Energy Project, RB Callable 04/01/2020 @ 100
5.250%, 09/01/2036 (A)		1,500		1,500
Iowa State, Finance Authority, Pollution Control Facilities, MidAmerican Energy Project, Ser B, RB
5.250%, 05/01/2023 (A)		2,700		2,700
Iowa State, Finance Authority, RB, GNMA/FNMA/FHLMC
4.500%, 07/01/2046 (A)		625		625

				11,125

Louisiana — 1.0%
Ascension Parish, Industrial Development Board, BASF Project, RB Callable 04/01/2020 @ 100
7.050%, 10/01/2039 (A)		2,000		2,000

Maryland — 1.0%
Maryland State, Community Development Administration, Department of Housing and Community Development, Crusader Arms Apartments Project, Ser D, RB Callable 04/01/2020 @ 100
4.940%, 02/01/2041 (A)		1,070		1,070


130		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Maryland State, Economic Development Authority, Academy of Sciences Project, RB
5.120%, 04/01/2033 (A)(B)	$	1,000	$	1,000

				2,070

Massachusetts — 1.6%
Boston, Water & Sewer Commission, TECP
1.040%, 05/06/2020		1,160		1,159
Massachusetts State, Health & Educational Facilities, TECP
1.050%, 06/04/2020		2,000		1,998

				3,157

Michigan — 5.1%
Michigan State University, Ser A, RB
4.980%, 02/15/2033 (A)		1,800		1,800
Michigan State University, TECP
1.070%, 05/07/2020		4,600		4,596
Michigan State, Finance Authority, Ser A-1, RB
4.000%, 08/20/2020		1,000		1,003
Michigan State, Housing Development Authority, Single Family Mortgage Project, Ser D, RB Callable 04/01/2020 @ 100
5.000%, 06/01/2030 (A)		2,500		2,500

				9,899

Minnesota — 3.2%
Minneapolis, University Gateway Project, TECP
4.750%, 12/01/2040		500		500
University of Minnesota, TECP
1.030%, 06/04/2020		3,000		2,996
0.960%, 04/01/2020		2,800		2,800

				6,296

Mississippi — 0.8%
Mississippi State, Business Finance, Chevron USA Project, Ser A, RB Callable 04/01/2020 @ 100
0.650%, 12/01/2030 (A)		1,500		1,500

Missouri — 1.8%
RBC Municipal Products Trust, Ser C-16, RB
4.760%, 09/01/2039 (A)(B)(C)		3,500		3,500

Nebraska — 3.6%
Lincoln, Electric System, TECP
1.180%, 04/02/2020		5,000		5,000



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Omaha, Power Distribution, TECP
1.080%, 07/01/2020	$	2,000	$	1,997

				6,997

Nevada — 0.3%
Tender Option Bond Trust Receipts, Ser 2020—XF2858, RB Callable 07/01/2029 @ 100
5.000%, 07/01/2050 (A)(C)		500		500

New Jersey — 0.5%
Tinton Falls, GO
2.000%, 10/29/2020		1,000		1,004

New York — 19.6%
Honeoye Falls-Lima Central School District, GO
2.250%, 06/18/2020		4,773		4,778
New York City, Sub-Ser B-, GO
0.850%, 10/01/2046 (A)		1,000		1,000
New York City, Sub-Ser D-SUB, GO
0.850%, 12/01/2047 (A)		5,400		5,400
New York City, Sub-Ser, GO
0.730%, 08/01/2044 (A)		1,200		1,200
New York City, Transitional Finance Authority Future Tax Secured Revenue, RB
0.650%, 11/01/2029 (A)		2,040		2,040
New York City, Water & Sewer System, RB
0.650%, 06/15/2043 (A)		4,250		4,250
New York City, Water & Sewer System, Sub- Ser BB-4-RE, RB
0.850%, 06/15/2050 (A)		1,200		1,200
New York City, Water & Sewer System, Water and Sewer System, RB
0.750%, 06/15/2048 (A)		1,000		1,000
New York State, Power Authority, TECP
1.030%, 04/07/2020		1,500		1,500
Oneida County, Industrial Development Agency, Mohawk Valley Community College Dormitory Project, Ser A, RB
4.580%, 08/01/2036 (A)(B)		1,200		1,200
Oswego County, Industrial Development Agency, O.H. Properties Project, Ser A, RB
4.580%, 06/01/2024 (A)(B)		565		565
RBC Municipal Products Trust, Ser 2018—G5, GO
3.820%, 10/01/2025 (A)(B)(C)		1,900		1,900
Sandy Creek Central School District, GO
2.250%, 06/26/2020		3,000		3,004
South Jefferson Central School District, GO
2.250%, 07/09/2020		1,000		1,001


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		131

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

Tax-Free Conservative Income Fund (Concluded)



	Face Amount		Market Value
Description	(Thousands)		($ Thousands)

MUNICIPAL BONDS (continued)
Tender Option Bond Trust Receipts, Ser 2016-XF0499, RB
Callable 11/15/2026 @ 100
3.440%, 11/15/2056 (A)(C)	$	2,030	$	2,030
Tender Option Bond Trust Receipts, Ser 2017-XF0550, RB
Callable 02/15/2027 @ 100
5.010%, 02/15/2042 (A)(C)		2,000		2,000
Tonawanda, GO
2.500%, 06/04/2020		2,900		2,904
Watkins Glen, Central School District, GO
2.250%, 06/23/2020		1,300		1,301

				38,273

Ohio — 5.3%
Akron Bath Copley Joint Township Hospital District, Ser B-R, RB
4.150%, 11/15/2047 (A)(B)		1,000		1,000
Belmont County, GO
2.000%, 08/27/2020		1,000		1,000
Berea, GO
2.000%, 03/11/2021		3,285		3,309
Garfield Heights, GO
2.750%, 06/18/2020		750		752
Hamilton County, HealthCare Facilities Authority, Children’s Home Project, RB
4.800%, 03/01/2033 (A)(B)		800		800
Miamisburg, GO
3.000%, 06/24/2020		1,000		1,004
Parma Heights, GO
2.500%, 04/09/2020		735		735
Parma, GO
2.500%, 07/23/2020		1,800		1,807

				10,407

Pennsylvania — 0.4%
Montgomery County, Industrial Development Authority, Acts Retirement Life Communities, RB, AGC
Callable 04/01/2020 @ 100
0.950%, 11/15/2029 (A)		175		175
Philadelphia, Gas Works Authority, Ser D, RB
Callable 04/01/2020 @ 100
4.750%, 08/01/2031 (A)(B)		600		600

				775

Tennessee — 3.4%
Clarksville, Public Building Authority, Pooled Financing, RB
Callable 04/01/2020 @ 100
4.900%, 06/01/2029 (A)(B)		2,800		2,800
Memphis, Regulatory Authority, TECP
1.000%, 05/20/2020		2,000		1,998



	Face Amount		Market Value
Description	(Thousands)		($ Thousands)

MUNICIPAL BONDS (continued)
Nashville & Davidson County, TECP
1.100%, 06/17/2020	$	1,900	$	1,897

				6,695
Texas — 24.6%
Dallas, Rapid Transit, TECP
1.220%, 05/14/2020		1,000		999
Garland, Electric Utility System, TECP
1.120%, 05/06/2020		1,000		999
Harris County, Cultural Education Facilities Finance, Sub-Ser C-1, RB
0.750%, 12/01/2024 (A)		1,400		1,400
Harris County, Cultural Education Facilities Finance, Sub-Ser C-2, RB
0.750%, 12/01/2027 (A)		2,380		2,380
Harris County, Health Facilities Development Authority, Methodist Hospital System Project, RB
0.750%, 12/01/2041 (A)		2,600		2,600
Harris County, Toll Authority, TECP
1.050%, 07/09/2020		9,400		9,400
Lower Colorado River Authority, TECP
1.060%, 04/09/2020		1,000		1,000
New Braunfels, TECP
1.100%, 05/13/2020		2,400		2,398
North East Independent School District, TECP
1.260%, 04/09/2020		2,300		2,299
1.160%, 08/10/2020		500		499
North Fort Bend, Water Authority, Ser 2019-XF0816, RB
3.770%, 06/15/2027 (A)(C)		1,500		1,500
Port Arthur, Navigation District, Industrial Development, RB
Callable 06/01/2020 @ 100
7.050%, 03/01/2042 (A)		2,500		2,500
Port Arthur, Navigation District, Industrial Development, Total Petrochemicals Project, RB
Callable 06/01/2020 @ 100
7.050%, 03/01/2039 (A)		5,300		5,300
Port Arthur, Navigation District, Industrial Development, Total Petrochemicals Project, Ser A, RB
Callable 04/01/2020 @ 100
7.050%, 12/01/2040 (A)		1,000		1,000
San Antonio, Electric & Gas, TECP
1.150%, 07/01/2020		1,500		1,498
Tarrant County, Cultural Education Facilities Finance, Ser R, RB
0.650%, 10/01/2041 (A)(B)		1,000		1,000
Texas State, RB
4.000%, 08/27/2020		2,000		2,023


132		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020



	Face Amount		Market Value
Description	(Thousands)		($ Thousands)

MUNICIPAL BONDS (continued)
Texas State, Veterans Bonds, GO
Callable 04/01/2020 @ 100
4.950%, 12/01/2046 (A)	$	1,200	$	1,200
4.250%, 12/01/2047 (A)		2,430		2,430
Texas State, Veterans Bonds, Ser B, GO
5.050%, 12/01/2042 (A)		3,000		3,000
University of Texas, TECP
1.290%, 05/27/2020		2,000		1,999
1.100%, 05/08/2020		1,000		999

				48,423

Utah — 3.5%
Utah County, Hospital Authority, IHC Health Services Project, RB
5.000%, 05/15/2051 (A)		2,400		2,400
Weber County, Hospital Revenue Authority, IHC Health Services Project, Ser A, RB
0.750%, 02/15/2031 (A)		3,300		3,300
Weber County, Hospital Revenue Authority, IHC Health Services Project, Ser C, RB
0.750%, 02/15/2035 (A)		1,150		1,150

				6,850

Washington — 0.5%
King County, Ser A, GO
0.750%, 01/01/2046 (A)		1,000		1,000

Wisconsin — 1.3%
Oshkosh, Industrial Development Authority, Oshkosh Coil Spring Project, Ser A, AMT, RB
4.200%, 12/01/2020 (A)(B)		280		280
Public Finance Authority, Ser C, RB
0.850%, 10/01/2049 (A)(B)		400		400
Wisconsin State, Housing & Economic Development Authority, Ser C, RB
4.100%, 05/01/2046 (A)		2,000		2,000

				2,680

Wyoming — 0.7%
Uinta County, Chevron USA Project, RB
Callable 04/01/2020 @ 100
0.650%, 08/15/2020 (A)		1,300		1,300

Total Municipal Bonds (Cost $198,682) ($ Thousands)				198,631

Total Investments in Securities — 101.3% (Cost $198,682) ($ Thousands)			$	198,631

Percentages are based on Net Assets of $196,166 ($ Thousands).

(A)	Variable or floating rate security, the interest rate of which adjusts periodically based on prevailing interest rates.

(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 March 31, 2020, the value of these securities amounted to $21,440 ($ Thousands), representing 10.9% of the Net Assets of the Fund.

AGC — Assured Guaranty Corporation

AMT — Alternative Minimum Tax

FHLMC — Federal Home Loan Mortgage Corporation

FNMA — Federal National Mortgage Association

GNMA — Government National Mortgage Association

GO — General Obligation

RB — Revenue Bond

Ser — Series

TECP — Tax-Exempt Commercial Paper

As of March 31, 2020, 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 period ended March 31, 2020, there were no transfers in or out of Level 3.

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 / Semi-Annual Report / March 31, 2020		133

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

Real Return Fund

LOGO

^†Percentages are based on total investments.



	Face Amount		Market Value
Description	(Thousands)		($ Thousands)

U.S. TREASURY OBLIGATIONS — 99.0%
U.S. Treasury Inflation Protected Securities
2.375%, 01/15/2025	$	12,547	$	13,915
0.625%, 07/15/2021		17,472		17,307
0.625%, 04/15/2023		19,854		19,999
0.625%, 01/15/2024		19,761		20,084
0.500%, 04/15/2024		14,263		14,469
0.375%, 07/15/2023		19,850		19,964
0.250%, 01/15/2025		19,732		19,909
0.125%, 04/15/2021		20,845		20,430
0.125%, 01/15/2022		19,283		19,016
0.125%, 04/15/2022		20,346		20,067
0.125%, 07/15/2022		19,378		19,197
0.125%, 01/15/2023		19,899		19,659
0.125%, 07/15/2024		19,434		19,476
0.125%, 10/15/2024		14,021		14,192
Total U.S. Treasury Obligations (Cost $258,377) ($ Thousands)				257,684



			Market Value
Description	Shares		($ Thousands)

CASH EQUIVALENT — 0.8%
SEI Daily Income Trust, Government Fund, Cl F
0.290%**^†		2,014,883	$	2,015
Total Cash Equivalent (Cost $2,015) ($ Thousands)				2,015

Total Investments in Securities — 99.8% (Cost $260,392) ($ Thousands)			$	259,699

Percentages are based on Net Assets of $260,139 ($ Thousands).

**	The rate reported is the 7-day effective yield as of March 31, 2020.

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

Cl — Class

The following is a list of the level of inputs used as of March 31, 2020, in valuing the Fund’s investments carried at value ($ Thousands):

Investments in

Securities

Level 1

Level 2

Level 3

Total

($)

U.S. Treasury Obligations

–

257,684

–

257,684

Cash Equivalent

2,015

–

2,015

Total Investments in Securities

2,015

257,684

–

259,699

For the period ended March 31, 2020, there were no transfers in or out of Level 3.

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 period ended March 31, 2020 ($Thousands):

Change in

Unrealized

Value

Proceeds from

Realized Gain/

Appreciation/

Value

Security Description

9/30/2019

Purchases at Cost

Sales

(Loss)

(Depreciation)

3/31/2020

Shares

Income

Capital Gains

SEI Daily Income Trust, Government Fund, Cl F

$892

$14,298

$(13,175)

$—

$2,015

2,014,883

$11

$—

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

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


134		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

CONSOLIDATED SUMMARY SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

Dynamic Asset Allocation Fund

LOGO

^†Percentages are based on total investments.



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

COMMON STOCK — 89.5%

Communication Services — 9.6%
Alphabet Inc, Cl A *		1.5	%		7,969	$	9,259
Alphabet Inc, Cl C *		1.5			7,956		9,251
AT&T Inc		0.9			193,503		5,641
Comcast Corp, Cl A		0.7			120,180		4,132
Facebook Inc, Cl A *		1.7			63,771		10,637
Netflix Inc *		0.7			11,620		4,363
Verizon Communications Inc		0.9			109,598		5,889
Walt Disney Co/The		0.7			47,750		4,613
Other Securities		1.0					7,274

							61,059

Consumer Discretionary — 8.8%
Amazon.com Inc, Cl A *		3.4			11,082		21,607
Home Depot Inc/The		0.9			28,882		5,393
McDonald’s Corp		0.5			19,907		3,292
NIKE Inc, Cl B		0.4			32,938		2,725
Other Securities		3.6					22,620

							55,637

Consumer Staples — 7.0%
Coca-Cola Co/The		0.7			102,082		4,517
Costco Wholesale Corp		0.5			11,676		3,329
PepsiCo Inc		0.7			37,040		4,448
Philip Morris International Inc		0.5			41,137		3,001
Procter & Gamble Co/The		1.1			66,109		7,272
Walmart Inc		0.7			37,676		4,281
Other Securities		2.8					17,423

							44,271

Energy — 2.4%
Chevron Corp		0.6			50,026		3,625
Exxon Mobil Corp		0.7			112,000		4,253
Other Securities		1.1					7,180

							15,058

Financials — 9.7%
Bank of America Corp		0.7			214,345		4,551
Berkshire Hathaway Inc, Cl B *		1.5			51,830		9,476
JPMorgan Chase & Co		1.2			83,117		7,483
Wells Fargo & Co		0.5			101,833		2,923



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

COMMON STOCK (continued)
Other Securities		5.8	%			$	37,089

							61,522

Health Care — 13.8%
Abbott Laboratories		0.6			46,824		3,695
AbbVie Inc		0.5			39,125		2,981
Amgen Inc, Cl A		0.5			15,763		3,196
Bristol-Myers Squibb Co		0.5			62,032		3,458
Eli Lilly & Co		0.5			22,366		3,103
Johnson & Johnson		1.4			69,744		9,146
Medtronic PLC		0.5			35,441		3,196
Merck & Co Inc		0.8			67,366		5,183
Pfizer Inc		0.8			146,457		4,780
Thermo Fisher Scientific Inc		0.5			10,611		3,009
UnitedHealth Group Inc		1.0			25,111		6,262
Other Securities		6.2					39,264

							87,273

Industrials — 7.3%
Other Securities		7.3					46,698

Information Technology — 22.8%
Accenture PLC, Cl A		0.4			16,848		2,751
Adobe Inc *		0.6			12,864		4,094
Apple Inc		4.4			110,630		28,132
Cisco Systems Inc		0.7			112,372		4,417
Intel Corp		1.0			115,197		6,234
International Business Machines Corp		0.4			23,568		2,614
Mastercard Inc, Cl A		0.9			23,482		5,672
Microsoft Corp		5.0			202,196		31,888
NVIDIA Corp		0.7			16,248		4,283
Oracle Corp, Cl B		0.4			57,333		2,771
PayPal Holdings Inc *		0.5			31,085		2,976
salesforce.com Inc *		0.5			23,472		3,380
Visa Inc, Cl A		1.2			45,332		7,304
Other Securities		6.1					38,024

							144,540

Materials — 2.2%
Other Securities		2.2					13,867

Real Estate — 2.7%
Other Securities ^‡		2.7					17,050

Utilities — 3.2%
NextEra Energy Inc		0.5			12,998		3,128
Other Securities		2.7					17,152

							20,280
Total Common Stock (Cost $436,087) ($ Thousands)							567,255


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		135

CONSOLIDATED SUMMARY SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

Dynamic Asset Allocation Fund (Concluded)



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

EXCHANGE TRADED FUNDS ^— 8.3%
SPDR S&P 500 ETF Trust		4.2	%		101,634	$	26,196
Vanguard S&P 500 ETF		4.1			110,260		26,112

Total Exchange Traded Funds (Cost $50,637) ($ Thousands)							52,308

Total Investments in Securities — 97.8% (Cost $486,724)($ Thousands)						$	619,563



			Market Value
Description	Contracts		($ Thousands)

*PURCHASED OPTIONS — 0.5%**
Total Purchased Options (A) (Cost $1,641) ($ Thousands)		209,410,302	$	2,963


*PURCHASED SWAPTION — 0.5%**
Total Purchased Swaption (B) (Cost $2,357) ($ Thousands)		864,868,000	$	3,142

A list of the open options contracts held by the Fund at March 31, 2020 is as follows:


			Notional Amount						Value
Description	Number of Contracts		(Thousands)		Exercise Price		Expiration Date		(Thousands)
PURCHASED OPTIONS — 0.5%

Call Options
August 20 Put EUR Call USD*		120,690,928	$	13,155		$1.09		8/22/2020	$	1,793
August 20 Put EUR Call USD*		88,719,374		9,582		1.08		8/22/2020		1,170

Total Purchased Options			$	22,737					$	2,963

A list of the open OTC swaption contracts held by the Fund at March 31, 2020 is as follows:

Number of Contracts/

Value

Description

Counterparty

Notional Amount

Exercise Price

Expiration Date

(Thousands)

PURCHASED SWAPTION — 0.5%

Call Swaptions

CMS One Look*

Bank of America Merrill Lynch

864,868,000

$0.14

07/17/2021

3,142

A list of the open futures contracts held by the Fund at March 31, 2020 is as follows:

Number of

Unrealized

Contracts

Expiration

Notional Amount

Value

Appreciation

Type of Contract

Long

Date

(Thousands)

S&P 500 Index E-MINI

Jun-2020

6,271

6,682

411

A list of the open forward foreign currency contracts held by the Fund at March 31, 2020 is as follows:

Unrealized

Appreciation

Currency to Deliver

Currency to Receive

(Depreciation)

Counterparty

Settlement Date

(Thousands)

Bank of America

01/11/21

USD

5,112

SAR

19,232

Bank of America

01/11/21

USD

3,884

SAR

14,572

)

Bank of America

01/11/21

SAR

154,174

USD

41,085


136		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

A list of the open OTC swap agreements held by the Fund at March 31, 2020, is as follows:

Total Return Swaps

Upfront

Notional

Payments/

Net Unrealized

Reference Entity/

Payment

Termination

Amount

Value

Receipts

Appreciation

Counterparty

Obligation

Fund Pays

Fund Receives

Frequency

Date

Currency

(Thousands)

BNP Paribas^

Bloomberg Gold SubIndex
Total Return

US T-BILL HIGH
DISCOUNT
RATE + 7 BPS

INDEX RETURN

Quarterly

03/17/2021

USD

(41,552

)

1,864

–

1,864

Percentages are based on a Net Assets of $633,495 ($ Thousands).

*	Non-income producing security.

^‡	Real Estate Investment Trust.

(A)	Refer to table below for details on Swaption Contracts.

(B)	Refer to table below for details on Options Contracts.

^	Security is held by the Dynamic Commodity Strategy Subsidiary Ltd. as of March 31, 2020.

Cl — Class

ETF — Exchange-Traded Fund

EUR — Euro

Ltd. — Limited

PLC — Public Limited Company

S&P— Standard & Poor’s

SAR— Saudi Riyal

SPDR — Standard & Poor’s Depository Receipt

USD — U.S. Dollar

The following is a list of the level of inputs used as of March 31, 2020, in valuing the Fund’s investments and other financial instruments carried at value ($ Thousands):

Level 1

Level 2

Level 3

Total

Investments in Securities

($)

Common Stock

567,255

–

567,255

Exchange Traded Funds

52,308

–

52,308

Total Investments in Securities

619,563

–

619,563

Level 1

Level 2

Level 3

Total

Other Financial Instruments

($)

Purchased Options

2,963

–

2,963

Purchased Swaptions

–

3,142

–

3,142

Futures Contracts*

Unrealized Appreciation

411

–

411

Forwards Contracts*

Unrealized Appreciation

–

Unrealized Depreciation

–

)

–

)

OTC Swaps

Total Return Swaps*

Unrealized Appreciation

–

1,864

–

1,864

Total Other Financial Instruments

3,374

5,046

–

8,420

* Futures contracts, forward contracts, and swap contracts are valued at the unrealized appreciation/ (depreciation) on the instruments.

For the period ended March 31, 2020, there were no transfers in or out of Level 3.

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

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 / Semi-Annual Report / March 31, 2020		137

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

Multi-Strategy Alternative Fund

LOGO

^†Percentages are based on total investments.



			Market Value
Description	Shares		($ Thousands)

COMMON STOCK — 29.5%

Communication Services — 2.7%
Activision Blizzard Inc		26,360	$	1,568
Charter Communications Inc, Cl A *		1,470		641
Cincinnati Bell Inc *		7,993		117
Cineplex Inc		6,398		53
Clear Channel Outdoor Holdings Inc, Cl A *		7,401		5
Cumulus Media Inc, Cl A *		5,075		28
DISH Network Corp, Cl A *		22,883		457
Facebook Inc, Cl A *		6,049		1,009
iHeartMedia Inc *		5,524		40
Live Nation Entertainment Inc *		14,423		656
Meet Group Inc/The *		54,880		322
NCSoft		249		133
Take-Two Interactive Software Inc, Cl A *		11,046		1,310
TEGNA Inc		33,507		364
Tencent Holdings Ltd		35,100		1,722
Verizon Communications Inc		24,021		1,291
Vonage Holdings Corp *		139,819		1,011
Zynga Inc, Cl A *		201,759		1,382

				12,109

Consumer Discretionary — 4.4%
Alibaba Group Holding ADR *		7,562		1,471
Amazon.com Inc, Cl A *		964		1,879
American Axle & Manufacturing Holdings Inc *		42,212		152
American Eagle Outfitters Inc		79,226		630
Aramark		22,706		454
BorgWarner Inc		27,140		661
Caesars Entertainment Corp *		133,439		902



			Market Value
Description	Shares		($ Thousands)

COMMON STOCK (continued)
Cenveo Corp *(A)		2,777	$	40
Delphi Technologies *		67,252		541
DR Horton Inc		4,729		161
Expedia Group Inc		23,201		1,306
Extended Stay America Inc		84,816		620
Fiat Chrysler Automobiles NV		21,574		155
JD.com ADR *		17,568		712
La Francaise des Jeux SAEM *		33,450		833
Meituan Dianping, Cl B *		68,700		830
Mohawk Industries Inc *		7,520		573
Monitronics International Inc *		18,437		274
RH *		2,590		260
ServiceMaster Global Holdings Inc *		17,940		484
Stars Group Inc/The *		16,429		336
Tiffany & Co		21,184		2,743
Trainline *		125,343		528
Transat AT, Cl B *		2,405		15
Trip.com Group ADR *		20,353		477
Ulta Beauty Inc *		10,500		1,845
Urban Outfitters Inc *		35,464		505

				19,387

Energy — 0.3%
Apache Corp		54,725		229
Helmerich & Payne Inc		18,890		296
Jupiter Resources *(A)(B)		24,396		24
National Oilwell Varco Inc, Cl A		69,389		682
Occidental Petroleum Corp		8,604		100
Parker Drilling		158		1
Parker Drilling Co *		4,256		36
Range Resources Corp		28,484		65

				1,433

Financials — 2.9%
Ally Financial Inc		85,403		1,232
Aurora Capital (B)		7,183		—
Charles Schwab Corp/The		15,545		523
E*TRADE Financial Corp		1,692		58
Evercore Inc, Cl A		20,249		933
Genworth Financial Inc, Cl A *		26,146		87
IBERIABANK Corp		57,674		2,085
Legg Mason Inc		38,212		1,867
Morgan Stanley		99,634		3,387
Raymond James Financial Inc		20,088		1,269
Texas Capital Bancshares Inc *		44,863		995
Willis Towers Watson PLC		2,930		498

				12,934

Health Care — 2.2%
Albireo Pharma Inc *		2,800		46
Allakos Inc *		2,637		117
Allergan PLC		27,148		4,808
Mylan NV *		23,726		354
Pfizer Inc		2,746		90


138		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020



			Market Value
Description	Shares		($ Thousands)

COMMON STOCK (continued)
QIAGEN NV *		20,289	$	844
Wright Medical Group NV *		126,568		3,626

				9,885

Industrials — 2.5%
Advanced Disposal Services Inc *		10,832		355
AECOM *		17,843		533
Boeing Co/The (C)		11,122		1,659
Builders FirstSource Inc *(C)		78,712		963
BWX Technologies Inc, Cl W		40,492		1,972
Clarivate Analytics PLC *		42,144		874
Navistar International Corp *		20,025		330
Nielsen Holdings PLC		24,938		313
Spirit Airlines Inc *		45,747		590
United Airlines Holdings Inc *		11,823		373
United Rentals Inc *		1,034		106
United Technologies Corp		18,971		1,789
WABCO Holdings Inc *		2,947		398
WESCO International Inc *		17,748		406
XPO Logistics Inc *		4,799		234

				10,895

Information Technology — 10.0%
Acacia Communications Inc *		5,707		383
Adobe Inc *		2,233		711
Afterpay *		85,579		985
Anaplan Inc *		16,457		498
Anixter International Inc *		24,349		2,139
Applied Materials Inc		11,013		505
Box Inc, Cl A *		54,416		764
Cree Inc *		13,169		467
Crowdstrike Holdings, Cl A *		12,954		721
Cypress Semiconductor Corp		158,758		3,702
Dynatrace Inc *		63,589		1,516
Fidelity National Information Services Inc, Cl B		17,280		2,102
Fitbit Inc, Cl A *		90,881		605
ForeScout Technologies Inc *		8,313		263
Gilat Satellite Networks *		56,829		403
Global Payments Inc		8,878		1,280
HP Inc		13,009		226
KEMET Corp		131,066		3,167
Lightspeed POS *		76,419		1,022
Mellanox Technologies Ltd *		12,460		1,512
Mimecast Ltd *		18,328		647
Mmodal *(A)(B)		6,952		47
Network International Holdings PLC *		269,727		1,303
Nexi *		59,913		780
NVIDIA Corp		5,502		1,450
NXP Semiconductors NV		16,299		1,352
PayPal Holdings Inc *		15,674		1,501
Renesas Electronics Corp *		305,000		1,099
Repay Holdings Corp *		81,123		1,164



			Market Value
Description	Shares		($ Thousands)

COMMON STOCK (continued)
RingCentral Inc, Cl A *		3,900	$	826
Shopify Inc, Cl A *		2,439		1,017
Skyworks Solutions Inc		7,436		664
Splunk Inc *		5,195		656
SS&C Technologies Holdings Inc		43,702		1,915
Talend SA ADR *		37,837		849
Tech Data Corp *		15,365		2,010
Tenable Holdings Inc *		20,178		441
Visa Inc, Cl A		5,062		816
Vishay Intertechnology Inc (C)		47,798		689
WEX Inc *		8,253		863
Xero *		20,366		846
Xerox Holdings Corp		4,496		85
Xperi Corp		13,673		190

				44,181

Materials — 1.1%
Allegheny Technologies Inc *(C)		98,282		835
Axalta Coating Systems Ltd *		5,743		99
Constellium SE, Cl A *(C)		263,991		1,375
DuPont de Nemours Inc		4,128		141
Freeport-McMoRan Inc, Cl B		99,092		669
Hexion Holdings Corp *		9,735		93
Ingevity Corp *		11,823		416
Norbord Inc		66,200		774
OMNOVA Solutions Inc *		4,380		45
Warrior Met Coal Inc		30,144		320

				4,767

Real Estate — 1.0%
Front Yard Residential Corp ‡		20,971		251
MGM Growth Properties, Cl A ‡		80,692		1,910
Taubman Centers Inc ‡		50,316		2,107

				4,268

Utilities — 2.4%
Clearway Energy Inc, Cl C (C)		99,671		1,874
Edison International		47,695		2,613
Exelon Corp		52,133		1,919
FirstEnergy Corp		48,160		1,930
PG&E Corp *(C)		200,366		1,801
Vistra Energy Corp		40,698		649

				10,786

Total Common Stock (Cost $142,173) ($ Thousands)				130,645

REGISTERED INVESTMENT COMPANY — 14.1%
Merger Fund/The , Cl L		3,745,836		62,556
Total Registered Investment Company (Cost $60,067) ($ Thousands)				62,556


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		139

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

Multi-Strategy Alternative Fund (Continued)



	Face Amount		Market Value
Description	(Thousands)		($ Thousands)

CORPORATE OBLIGATIONS — 6.3%

Communication Services — 0.5%
Altice France
7.375%, 05/01/2026 (D)	$	65	$	65
AMC Entertainment Holdings
6.125%, 05/15/2027		55		23
5.750%, 06/15/2025		30		13
CCO Holdings
5.375%, 06/01/2029 (D)		85		87
5.125%, 05/01/2027 (D)		55		55
Diamond Sports Group
6.625%, 08/15/2027 (D)		155		104
5.375%, 08/15/2026 (D)		310		252
Digicel
6.000%, 04/15/2021 (D)		115		62
Digicel Group
6.750%, 03/01/2023 (D)		230		101
Digicel Group One
8.250%, 12/30/2022 (D)(E)		30		14
DISH DBS
7.750%, 07/01/2026		125		128
Frontier Communications
10.500%, 09/15/2022 (E)		125		33
7.125%, 01/15/2023		135		31
6.875%, 01/15/2025		85		21
Intelsat Connect Finance
9.500%, 02/15/2023 (D)		40		15
Intelsat Jackson Holdings
9.750%, 07/15/2025 (D)		260		172
Intelsat Luxembourg
8.125%, 06/01/2023		45		9
McClatchy
9.000%, 07/15/2026 (E)		402		384
Netflix
5.875%, 02/15/2025		165		174
Salem Media Group
6.750%, 06/01/2024 (D)		395		328
Sprint
7.875%, 09/15/2023		50		55
7.125%, 06/15/2024		25		27
T-Mobile USA
4.750%, 02/01/2028		130		135
Trilogy International Partners
8.875%, 05/01/2022 (D)		175		147
Windstream Services
10.500%, 06/30/2024 (D)(E)		95		4

				2,439

Consumer Discretionary — 1.0%
Altice Financing
7.500%, 05/15/2026 (D)		85		82
American Greetings
8.750%, 04/15/2025 (D)		210		179



	Face Amount		Market Value
Description	(Thousands)		($ Thousands)

CORPORATE OBLIGATIONS (continued)
CBS Radio
7.250%, 11/01/2024 (D)	$	85	$	71
Cengage Learning
9.500%, 06/15/2024 (D)		395		292
CSC Holdings
5.750%, 01/15/2030 (D)		270		272
Cumulus Media New Holdings
6.750%, 07/01/2026 (D)		140		125
Delphi Technologies
5.000%, 10/01/2025 (D)		210		168
Diamond Resorts International
10.750%, 09/01/2024 (D)		310		189
Getty Images
9.750%, 03/01/2027 (D)		255		191
Golden Entertainment
7.625%, 04/15/2026 (D)		130		86
Guitar Center
13.000% cash/0% PIK, 04/15/2022 (D)		717		466
Guitar Center Escrow Issuer
9.500%, 10/15/2021 (D)		110		82
Hilton Domestic Operating
4.250%, 09/01/2024		105		98
Houghton Mifflin Harcourt Publishers
9.000%, 02/15/2025 (D)		320		282
iHeartCommunications
8.375%, 05/01/2027		49		43
6.375%, 05/01/2026		27		26
5.250%, 08/15/2027 (D)		25		22
Inn of the Mountain Gods Resort & Casino
9.250% cash/0% PIK, 11/30/2020 (B)		192		190
Jacobs Entertainment
7.875%, 02/01/2024 (D)		115		97
JC Penney
7.400%, 04/01/2037		80		6
6.375%, 10/15/2036		335		25
Liberty Interactive
8.250%, 02/01/2030		120		88
McGraw-Hill Global Education Holdings
7.875%, 05/15/2024 (D)		110		82
Monitronics International
9.125%, 04/01/2020 (B)(E)		495		–
Scientific Games International
8.250%, 03/15/2026 (D)		45		29
7.250%, 11/15/2029 (D)		5		3
Sugarhouse HSP Gaming Prop Mezz
5.875%, 05/15/2025 (D)		455		373
Terrier Media Buyer
8.875%, 12/15/2027 (D)		230		194
Urban One
7.375%, 04/15/2022 (D)		525		475
Wynn Las Vegas
5.500%, 03/01/2025 (D)		95		88


140		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020



	Face Amount		Market Value
Description	(Thousands)		($ Thousands)

CORPORATE OBLIGATIONS (continued)
5.250%, 05/15/2027 (D)	$	60	$	54
4.250%, 05/30/2023 (D)		15		14
Ziggo BV
5.500%, 01/15/2027 (D)		155		155

				4,547

Consumer Staples — 0.2%
New Albertsons
8.700%, 05/01/2030		100		102
Post Holdings
5.625%, 01/15/2028 (D)		85		86
Rite Aid
7.700%, 02/15/2027		75		57
6.125%, 04/01/2023 (D)		220		189
Vector Group
10.500%, 11/01/2026 (D)		225		188
6.125%, 02/01/2025 (D)		270		246

				868

Energy — 0.8%
Cheniere Energy Partners
5.625%, 10/01/2026		115		106
4.500%, 10/01/2029 (D)		115		100
Chesapeake Energy
7.500%, 10/01/2026		170		12
7.000%, 10/01/2024		55		4
CNX Midstream Partners
6.500%, 03/15/2026 (D)		390		269
CNX Resources
7.250%, 03/14/2027 (D)		80		57
Crestwood Midstream Partners
5.750%, 04/01/2025		230		135
EnLink Midstream
5.375%, 06/01/2029		335		174
Extraction Oil & Gas
5.625%, 02/01/2026 (D)		270		45
Laredo Petroleum
10.125%, 01/15/2028		90		34
9.500%, 01/15/2025		90		36
Noble Holding International
8.950%, 04/01/2045		180		9
7.750%, 01/15/2024		215		19
Petrobras Global Finance BV
8.750%, 05/23/2026		894		965
6.900%, 03/19/2049		971		943
Petroleos Mexicanos
6.950%, 01/28/2060 (D)		351		235
5.950%, 01/28/2031 (D)		305		212
Pride International
7.875%, 08/15/2040		50		7
Sabine Pass Liquefaction
5.750%, 05/15/2024		95		88



	Face Amount		Market Value
Description	(Thousands)		($ Thousands)

CORPORATE OBLIGATIONS (continued)
5.000%, 03/15/2027	$	25	$	21
Shelf Drilling Holdings
8.250%, 02/15/2025 (D)		85		41
Southwestern Energy
7.500%, 04/01/2026		20		13
Transocean
6.800%, 03/15/2038		290		67
USA Compression Partners
6.875%, 09/01/2027		125		78
Valaris
5.850%, 01/15/2044		185		37

				3,707

Financials — 1.4%
Barclays
7.750%, VAR USD Swap Semi 30/360 5 Yr Curr+4.842% (G)		285		250
BCD Acquisition
9.625%, 09/15/2023 (D)		140		116
Citigroup Global Markets Holdings MTN
14.640%, 06/12/2020 (D)	UAH	19,578		734
14.300%, 04/14/2020 (D)		18,443		667
CSN Islands XI
6.750%, 01/28/2028 (D)	$	350		224
Freedom Mortgage
8.250%, 04/15/2025 (D)		535		420
8.125%, 11/15/2024 (D)		195		157
FS Energy & Power Fund
7.500%, 08/15/2023 (D)		205		183
GTCR AP Finance
8.000%, 05/15/2027 (D)		225		207
ICBC Standard Bank MTN
15.360%, 10/01/2021 (D)	UAH	18,605		686
Issuer
6.250%, 03/01/2028 (D)	$	480		403
JPMorgan Chase
5.150%, VAR ICE LIBOR USD 3 Month+3.250% (G)		220		209
4.600%, VAR United States Secured Overnight Financing Rate+3.125% (G)		170		149
Nationstar Mortgage Holdings
9.125%, 07/15/2026 (D)		105		95
Refinitiv US Holdings
6.250%, 05/15/2026 (D)		459		474
Saracen Development
11.000% cash/0% PIK, 10/15/2025 (B) (D)		260		272
Springleaf Finance
7.125%, 03/15/2026		150		148
6.875%, 03/15/2025		120		121


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		141

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

Multi-Strategy Alternative Fund (Continued)



	Face Amount		Market Value
Description	(Thousands)		($ Thousands)

CORPORATE OBLIGATIONS (continued)
VTB Bank Via VTB Capital
6.950%, 10/17/2022	$	453	$	451
WeWork
7.875%, 05/01/2025 (D)		350		129

				6,095

Health Care — 0.3%
Air Medical Group Holdings
6.375%, 05/15/2023 (D)		355		312
Centene
4.625%, 12/15/2029 (D)		165		166
Endo
6.000%, 07/15/2023 (D)		138		100
Endo Finance
5.375%, 01/15/2023 (D)		75		53
HCA
5.875%, 02/01/2029		115		122
Par Pharmaceutical
7.500%, 04/01/2027 (D)		110		109
Prime Security Services Borrower
6.250%, 01/15/2028 (D)		145		125
Radiology Partners
9.250%, 02/01/2028 (D)		135		117
Tenet Healthcare
8.125%, 04/01/2022		15		14
6.250%, 02/01/2027 (D)		125		122

				1,240

Industrials — 0.5%
Bombardier
7.875%, 04/15/2027 (D)		115		77
7.500%, 12/01/2024 (D)		25		17
7.500%, 03/15/2025 (D)		70		50
Cornerstone Building Brands
8.000%, 04/15/2026 (D)		230		198
Fortress Transportation & Infrastructure Investors
6.500%, 10/01/2025 (D)		20		15
Global A&T Electronics
8.500%, 01/12/2023		774		627
Hertz
6.000%, 01/15/2028 (D)		100		52
Icahn Enterprises
6.250%, 02/01/2022		145		145
New Enterprise Stone & Lime
6.250%, 03/15/2026 (D)		175		161
TransDigm
6.250%, 03/15/2026 (D)		90		90
Triumph Group
7.750%, 08/15/2025		85		62
Tutor Perini
6.875%, 05/01/2025 (D)		340		282



	Face Amount		Market Value
Description	(Thousands)		($ Thousands)

CORPORATE OBLIGATIONS (continued)
Weekley Homes
6.625%, 08/15/2025	$	385	$	346

				2,122

Information Technology — 0.1%
CommScope
5.500%, 06/15/2024 (D)		55		51
CommScope Finance
8.250%, 03/01/2027 (D)		100		96
6.000%, 03/01/2026 (D)		150		150
CommScope Technologies
6.000%, 06/15/2025 (D)		40		37
Rackspace Hosting
8.625%, 11/15/2024 (D)		155		139

				473

Materials — 1.0%
Allegheny Technologies
7.875%, 08/15/2023		145		140
Alpha 3 BV
6.250%, 02/01/2025 (D)		100		92
Baffinland Iron Mines
8.750%, 07/15/2026 (D)		405		360
CENVO Corp (Escrow Security)
0.000%, 09/15/2022 (A)(B)		505		1
Cornerstone Chemical
6.750%, 08/15/2024 (D)		435		360
Eldorado
9.500%, 06/01/2024 (D)		165		162
First Quantum Minerals
7.500%, 04/01/2025 (D)		605		504
FMG Resources August 2006 Pty
4.500%, 09/15/2027 (D)		220		196
Freeport-McMoRan
5.450%, 03/15/2043		245		219
5.250%, 09/01/2029		175		165
5.000%, 09/01/2027		25		23
Hexion
7.875%, 07/15/2027 (D)		215		183
Kaiser Aluminum Corp
13.000%, 01/31/2024 (B)		28		28
LSB Industries
9.625%, 05/01/2023 (D)		460		382
Mineral Resources
8.125%, 05/01/2027 (D)		370		346
Mountain Province Diamonds
8.000%, 12/15/2022 (D)		265		191
New Gold
6.375%, 05/15/2025 (D)		125		116
6.250%, 11/15/2022 (D)		115		112
Northwest Acquisitions ULC
7.125%, 11/01/2022 (D)		460		225


142		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020



	Face Amount		Market Value
Description	(Thousands)		($ Thousands)

CORPORATE OBLIGATIONS (continued)
Rain CII Carbon
7.250%, 04/01/2025 (D)	$	595	$	500

				4,305

Real Estate — 0.1%
Iron Mountain
4.875%, 09/15/2029 (D)		10		10
Uniti Group
8.250%, 10/15/2023		60		46
7.125%, 12/15/2024 (D)		50		37
6.000%, 04/15/2023 (D)		230		209

				302

Utilities — 0.4%
Centrais Eletricas Brasileiras
4.625%, 02/04/2030 (D)		200		177
Eskom Holdings SOC
5.750%, 01/26/2021		777		657
Eskom Holdings SOC MTN
8.450%, 08/10/2028		757		525
NRG Energy
7.250%, 05/15/2026		145		152
5.250%, 06/15/2029 (D)		20		20
Vistra Operations
5.500%, 09/01/2026 (D)		260		268

				1,799
Total Corporate Obligations (Cost $33,896) ($ Thousands)				27,897

	Shares

EXCHANGE TRADED FUND — 4.7%
BlackRock Global Long/Short Credit Fund		2,258,854		20,827

Total Exchange Traded Fund (Cost $22,993) ($ Thousands)				20,827

	Face Amount
	(Thousands)

LOAN PARTICIPATIONS — 2.9%
84 Lumber, Term Loan, 1st Lien
5.250%, 11/06/2026		175		158
Academy, LTD., Initial Term Loan, 1st Lien
5.581%, VAR LIBOR+4.000%, 07/01/2022		708		378
Affinity Game, Term Loan 2, 1st Lien
4.853%, 07/01/2023		235		174
Affinity Game, Term Loan 2, 2nd Lien
9.853%, 01/31/2025		300		210
AgroFresh, Term Loan, 1st Lien
7.008%, 07/31/2021		—		—



	Face Amount		Market Value
Description	(Thousands)		($ Thousands)

LOAN PARTICIPATIONS (continued)
6.353%, 07/31/2021	$	150	$	117
AMC Entertainment Holdings, Inc. (fka AMC Entertainment Inc.), Term B-1 Loan, 1st Lien
4.080%, VAR LIBOR+3.000%, 04/22/2026		10		7
American Greetings, Term Loan, 1st Lien
6.103%, 04/06/2024		269		212
American Tire Distributors, Inc., Initial Term Loan, 1st Lien
8.489%, VAR LIBOR+4.250%, 09/02/2024		418		276
Aptos, 1st Lien
6.856%, 02/26/2027		245		213
Bellring Brands, Term Loan, 1st Lien
6.603%, 10/21/2024		33		31
BMC Software Finance, Inc., Term Loan, 1st Lien
5.853%, 10/02/2025		129		106
Boardriders, Inc., Initial Loan, 1st Lien
8.277%, 04/23/2024		250		178
Bright BIDCO BV, Term Loan B, 1st Lien
5.103%, 06/30/2024		22		8
Bright Bidco, Term Loan, 1st Lien
5.103%, 06/30/2024		28		10
4.572%, 06/30/2024		104		37
Caesars Resort Collection, LLC (fka Caesars Growth Properties Holdings, LLC), Term B Loan, 1st Lien
3.739%, VAR LIBOR+2.750%, 12/23/2024		200		161
California Resources Corporation, Initial Loan, 1st Lien
6.550%, VAR LIBOR+4.750%, 12/31/2022		152		34
Carestream Health, Inc., Extended Term Loan, 1st Lien
7.322%, 02/28/2021		519		469
Cengage Learning, Inc., 2016 Refinancing Term Loan, 1st Lien
5.250%, VAR LIBOR+4.250%, 06/07/2023		418		337
Cenveo Corporation, Exit Term Loan
12.750%, 06/07/2023 (B)		2		2
Cenveo Corporation, Exit Term Loan, 1st Lien
10.500%, 06/07/2023 (B)		303		294
Checkers Drive-In, Term Loan, 1st Lien
5.870%, 04/25/2024		117		62
Chesapeake Energy Corporation, Class A Term Loan, 1st Lien
9.000%, VAR LIBOR+8.000%, 06/24/2024		152		59


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		143

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

Multi-Strategy Alternative Fund (Continued)



	Face Amount		Market Value
Description	(Thousands)		($ Thousands)

LOAN PARTICIPATIONS (continued)
ConvergeOne Holdings, Corp., Initial Term Loan
5.989%, 01/04/2026	$	501	$	381
Cooper’s Hawk Intermediate Holding, LLC, Initial Term Loan, 1st Lien
8.103%, 10/31/2026		95		86
Doncasters, Term Loan, 1st Lien
5.445%, 04/09/2020		—		—
East Valley Tourist Development Authority , Term Loan, 1st Lien
9.072%, VAR LIBOR+8.000%, 09/30/2020 (B)		127		108
ELO Touch Solutions, Term Loan B, 1st Lien
7.424%, 12/14/2025		169		137
Envision Healthcare Corporation, Initial Term Loan, 1st Lien
4.739%, VAR LIBOR+3.750%, 10/10/2025		573		289
EPIC Y-Grade Services, LP, Term Loan, 1st Lien
7.620%, 06/13/2024		237		171
Forterra Finance, LLC, Replacement Term Loan, 1st Lien
4.000%, VAR LIBOR+3.000%, 10/25/2023		—		—
Glass Mountain, Term Loan B, 1st Lien
6.280%, 12/23/2024		69		34
Global Medical Response, Inc., 2018 Term Loan, 1st Lien
4.932%, VAR LIBOR+3.250%, 04/28/2022		258		239
Golden Nugget, Inc., Initial B Term Loan, 1st Lien
4.103%, VAR LIBOR+2.750%, 10/04/2023 (H)		167		129
Hoffmaster Group, Term Loan B, 1st Lien
5.603%, 11/21/2023 (B)		151		107
Horseshoe Baltimore, Cov-Lite, Term Loan B, 1st Lien
5.603%, 07/08/2024		210		163
Innovacare, Term Loan, 1st Lien
7.695%, 12/24/2026		289		265
Inteliquent, Term Loan, 1st Lien
5.500%, 02/10/2024		88		68
J.C. Penney Company, Inc., Term Loan B, 1st Lien
5.863%, 06/23/2023 (H)		260		102
Lanai Holdings II, Inc., Initial Term Loan, 1st Lien
6.527%, 08/29/2022		843		602
Leap Legal Software, Term Loan B, 1st Lien
6.750%, 09/12/2022 (B)		392		240



	Face Amount		Market Value
Description	(Thousands)		($ Thousands)

LOAN PARTICIPATIONS (continued)
Libbey Glass, 1st Lien
4.005%, 04/09/2021	$	70	$	28
Lifescan Global Corporation, Initial Term Loan, 1st Lien
8.056%, 10/01/2024		809		633
Mashantucket (Western) Pequot Tribe, Term B Loan, 1st Lien
9.375%, VAR LIBOR+8.125%, 06/30/2020 (B)		572		512
Mavenir Systems, Inc., Initial Term Loan, 1st Lien
7.000%, 05/08/2025 (B)		157		134
McGraw-Hill Global Education Holdings, LLC, Term B Loan, 1st Lien
5.450%, VAR LIBOR+4.000%, 05/04/2022		551		448
Misys Limited, Dollar Term Loan, 1st Lien
5.277%, VAR LIBOR+3.500%, 06/13/2024		190		161
Mohegan Tribal Gaming Authority, Term B Loan, 1st Lien
5.375%, VAR LIBOR+4.375%, 10/13/2023		102		72
Monitronics International
7.500%, 03/29/2024		170		112
Nine West Holdings Inc., Term Loan, 1st Lien
9.116%, 03/19/2024		60		52
Ortho-Clinical Diagnostics, Inc., Term Loan B, 1st Lien
4.765%, 06/30/2025		132		112
Patterson Companies, Term Loan B, 1st Lien
7.008%, 08/29/2022		—		—
Peak, Term Loan B, 1st Lien
4.950%, 08/01/2024		903		632
Ply Gem Midco, Inc., Initial Term Loan, 1st Lien
4.561%, VAR LIBOR+3.750%, 04/12/2025		118		99
Polymer Additives, Inc., Closing Date Term Loan
7.777%, 07/31/2025 (B)		76		54
Polymer Process Soluions, Term Loan, 1st Lien
6.612%, 05/01/2026		219		196
Quikrete Holdings, Inc., Initial Loan
4.103%, VAR LIBOR+2.750%, 02/01/2027		155		143
Rackspace Hosting, Inc., Term B Loan
4.763%, 11/03/2023		290		251
Radio One, Inc., Initial Term Loan
5.000%, VAR LIBOR+4.000%, 04/18/2023		111		79


144		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020



	Face Amount		Market Value
Description	(Thousands)		($ Thousands)

LOAN PARTICIPATIONS (continued)
Red Lobster Management LLC, Initial Term Loan, 1st Lien
6.250%, 07/28/2021 (B)	$	324	$	243
Revlon Consumer Products Corporation, Initial Term B Loan
5.113%, VAR LIBOR+3.500%, 09/07/2023		728		280
4.950%, VAR LIBOR+3.500%, 09/07/2023		—		—
Spencer Gifts LLC (Spirit Halloween Superstores LLC), Term Loan, 1st Lien
6.924%, 06/19/2026		181		160
Syniverse Holdings, Inc., Tranche C Term Loan
6.873%, VAR LIBOR+5.000%, 03/09/2023 (H)		927		593
Team Health Holdings, Inc., Initial Term Loan
3.750%, VAR LIBOR+2.750%, 02/06/2024		849		531
Traverse Midstream Partners LLC, Advance
5.000%, VAR LIBOR+4.000%, 09/27/2024		374		206
Vida Capital, Term Loan
7.777%, 10/01/2026		200		180
Vistra Operations Company LLC (fka Tex Operations Company LLC), 2018 Incremental Term Loan
2.550%, 12/31/2025		71		67
Vue International Bidco plc (fka Vougeot Bidco p.l.c.), Facility B1, 1st Lien
4.750%, 07/03/2026 (H)		39		30
Windstream Services, LLC (fka Windstream Corporation), Tranche B-6 Term Loan (2016)
9.750%, VAR LIBOR+4.000%, 03/29/2021		435		268

Total Loan Participations (Cost $16,683) ($ Thousands)				12,930

SOVEREIGN DEBT — 2.2%

Bahrain Government International Bond
7.000%, 01/26/2026		400		378
Colombia Government International Bond
5.200%, 05/15/2049		202		212
Egypt Government International Bond MTN
8.150%, 11/20/2059 (D)		200		162
MDC-GMTN BV MTN
4.500%, 11/07/2028		200		210
Nigeria Government International Bond
7.625%, 11/21/2025		263		203



	Face Amount		Market Value
Description	(Thousands)		($ Thousands)

SOVEREIGN DEBT (continued)
Paraguay Government International Bond
4.625%, 01/25/2023	$	1,471	$	1,471
Russian Federal Bond - OFZ
7.400%, 07/17/2024	RUB	131,066		1,733
7.250%, 05/10/2034		181,555		2,428
Saudi Government International Bond MTN
3.750%, 01/21/2055 (D)	$	300		276
2.750%, 02/03/2032 (D)		772		710
Ukraine Government International Bond
7.375%, 09/25/2032		756		684
4.375%, 01/27/2030	EUR	384		337
0.000%, 05/31/2040 (F)	$	1,183		861

Total Sovereign Debt (Cost $11,526) ($ Thousands)				9,665

MUNICIPAL BONDS — 0.9%

Puerto Rico — 0.9%
Commonwealth of Puerto Rico, Ser A, GO
5.000%, 07/01/2020 (E)		5		3
Commonwealth of Puerto Rico, Ser A, GO
Callable 07/01/2020 @ 100
8.000%, 07/01/2035 (E)		5,010		3,006
Commonwealth of Puerto Rico, Ser A, GO
5.250%, 07/01/2023 (E)		30		19
5.125%, 07/01/2037 (E)		20		12
5.000%, 07/01/2041 (E)		705		428
Commonwealth of Puerto Rico, Ser A, GO
Callable 07/01/2022 @ 100
5.500%, 07/01/2026 (B)(E)		5		3
5.500%, 07/01/2039 (E)		325		205
5.000%, 07/01/2032 (E)		5		3
Commonwealth of Puerto Rico, Ser B, GO
4.250%, 07/01/2019 (E)		5		3
Commonwealth of Puerto Rico, Ser B, GO
Callable 05/01/2020 @ 100
4.400%, 07/01/2020 (E)		10		6
Commonwealth of Puerto Rico, Ser C, GO
Callable 05/01/2020 @ 100
6.000%, 07/01/2032 (E)		5		3
Commonwealth of Puerto Rico, Ser C, GO
Callable 07/01/2021 @ 100
6.500%, 07/01/2040 (E)		5		3
Commonwealth of Puerto Rico, Ser E, GO
Callable 07/01/2021 @ 100
5.375%, 07/01/2030 (E)		5		3
Puerto Rico, Electric Power Authority, Ser A, RB
5.000%, 07/01/2042 (E)		15		10


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		145

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

Multi-Strategy Alternative Fund (Continued)



	Face Amount		Market Value
Description	(Thousands)		($ Thousands)

MUNICIPAL BONDS (continued)
Puerto Rico, Electric Power Authority, Ser AAA, RB
Callable 07/01/2020 @ 100
5.250%, 07/01/2021 (E)	$	10	$	7
Puerto Rico, Electric Power Authority, Ser AAA, RB
5.250%, 07/01/2025 (E)		15		10
5.250%, 07/01/2027 (E)		20		14
Puerto Rico, Electric Power Authority, Ser CCC, RB
5.250%, 07/01/2026 (E)		35		24
Puerto Rico, Electric Power Authority, Ser CCC, RB
5.250%, 07/01/2027 (E)		30		21
Puerto Rico, Electric Power Authority, Ser CCC, RB
Callable 07/01/2020 @ 100
5.250%, 07/01/2028 (E)		5		3
Puerto Rico, Electric Power Authority, Ser NN, RB
5.500%, 07/01/2020 (E)		35		24
Puerto Rico, Electric Power Authority, Ser TT, RB
5.000%, 07/01/2032 (E)		25		17
Puerto Rico, Electric Power Authority, Ser TT, RB
Callable 05/01/2020 @ 100
5.000%, 07/01/2023 (E)		10		7
Puerto Rico, Electric Power Authority, Ser WW, RB
5.500%, 07/01/2020 (E)		15		10
5.500%, 07/01/2021 (E)		15		10
5.500%, 07/01/2038 (E)		5		3
5.250%, 07/01/2033 (E)		20		14
Puerto Rico, Electric Power Authority, Ser XX, RB
5.250%, 07/01/2035 (E)		5		4
Puerto Rico, Electric Power Authority, Ser XX, RB
Callable 07/01/2020 @ 100
5.250%, 07/01/2040 (E)		30		21

Total Municipal Bonds (Cost $3,327) ($ Thousands)				3,896



	Face Amount		Market Value
Description	(Thousands)		($ Thousands)

ASSET-BACKED SECURITIES — 0.2%

Other Asset-Backed Securities — 0.2%
CIFC Funding, Ser 2018-4RA, Cl C
5.036%, VAR ICE LIBOR USD 3 Month+3.200%, 10/17/2030 (D)	$	250	$	189
Octagon Investment Partners 43, Ser 2019- 1A, Cl D
5.872%, VAR ICE LIBOR USD 3 Month+3.900%, 10/25/2032 (D)		250		193
OHA Credit Funding 4, Ser 2019-4A, Cl D
5.686%, VAR ICE LIBOR USD 3 Month+3.750%, 10/22/2032 (D)		250		191
THL Credit Wind River CLO, Ser 2017-2A, Cl DR
4.431%, VAR ICE LIBOR USD 3 Month+2.600%, 10/15/2027 (D)		250		204
Tryon Park CLO, Ser 2018-1A, Cl CR
4.531%, VAR ICE LIBOR USD 3 Month+2.700%, 04/15/2029 (D)		250		197
Venture XVII CLO, Ser 2018-17A, Cl DRR
4.651%, VAR ICE LIBOR USD 3 Month+2.820%, 04/15/2027 (D)		200		146

Total Asset-Backed Securities (Cost $1,446) ($ Thousands)				1,120

CONVERTIBLE BONDS — 0.2%
Liberty Media CV to 16.7764
3.750%, 02/15/2030		553		359
Liberty Media CV to 22.94686
4.000%, 11/15/2029		368		258
MGIC Investment CV to 74.0741
9.000%, 04/01/2063 (D)		230		298

Total Convertible Bonds (Cost $938) ($ Thousands)				915

	Shares

PREFERRED STOCK — 0.2%

Energy — 0.0%
Crestwood Equity Partners, 9.250% (I)		16,902		64

Financials — 0.2%
FHLMC, 8.375% *		45,502		277
FNMA, 8.250% *		45,090		286

				563

Real Estate — 0.0%
Colony Capital, 7.150% ‡		9,135		85

Total Preferred Stock (Cost $1,076) ($ Thousands)				712


146		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020



	Number of		Market Value
Description	Rights		($ Thousands)

RIGHTS — 0.1%
Celgene Corp *^‡‡		83,725	$	318

Total Rights (Cost $241) ($ Thousands)				318

	Face Amount
	(Thousands)

U.S. TREASURY OBLIGATIONS — 0.0%
U.S. Treasury Bills
1.552%, 04/21/2020 (J)	$	10		10
1.542%, 06/18/2020 (J)		128		128

Total U.S. Treasury Obligations (Cost $138) ($ Thousands)				138

MORTGAGE-BACKED SECURITY — 0.0%

Non-Agency Mortgage-Backed Obligations — 0.0%
CHT Mortgage Trust, Ser CSMO, Cl F
4.446%, VAR ICE LIBOR USD 1 Month+3.741%, 11/15/2036 (B)(D)		175		131

Total Mortgage-Backed Security (Cost $175) ($ Thousands)				131

	Number of
	Warrants

WARRANT — 0.0%
Guitar Center, Expires 12/30/2027 Strike Price $–*(B)		1,552		–

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

	Shares

CASH EQUIVALENTS — 26.7%
Morgan Stanley Institutional Liquidity Fund Government Portfolio
0.085%**		2,500		3
Morgan Stanley Institutional Liquidity Fund Prime Portfolio
0.740%**		2,122		1
Morgan Stanley Institutional Liquidity Fund Treasury Securities Portfolio
0.037%**		2,500		3
Morgan Stanley Institutional Liquidity Fund Treasury Securities Portfolio, Cl I
0.154%**		5,005,105		5,005
Morgan Stanley Institutional Liquidity Funds - ESG Money Market Portfolio
0.740%**		2,241		2



				Market Value
Description	Shares			($ Thousands)

CASH EQUIVALENTS (continued)
SEI Daily Income Trust, Government Fund, Cl F
0.290%**^†		113,143,696		$	113,144

Total Cash Equivalents (Cost $118,158) ($ Thousands)					118,158

Total Investments in Securities — 88.0% (Cost $412,837) ($ Thousands)				$	389,908


COMMON STOCK SOLD SHORT— (10.1)%

Communication Services — (1.4)%
Alphabet Inc, Cl A *		(278	)		(323	)
America Movil SAB de CV ADR, Cl L		(45,019	)		(530	)
Auto Trader Group PLC		(79,512	)		(433	)
Autohome Inc ADR *		(5,091	)		(362	)
Cogent Communications Holdings Inc		(8,945	)		(733	)
Facebook Inc, Cl A *		(1,912	)		(319	)
Live Nation Entertainment Inc *		(7,210	)		(328	)
Match Group Inc *		(10,898	)		(720	)
Omnicom Group Inc		(9,454	)		(519	)
Pinterest, Cl A *		(34,336	)		(530	)
Verizon Communications Inc		(22,758	)		(1,223	)
World Wrestling Entertainment Inc, Cl A		(12,033	)		(408	)

					(6,428	)

Consumer Discretionary — (1.2)%
Amazon.com Inc, Cl A *		(331	)		(645	)
BorgWarner Inc		(30,465	)		(742	)
Chipotle Mexican Grill Inc, Cl A *		(485	)		(317	)
Cracker Barrel Old Country Store Inc		(3,696	)		(308	)
Eldorado Resorts Inc *		(8,987	)		(129	)
Etsy Inc *		(9,173	)		(353	)
Garmin Ltd		(10,072	)		(755	)
Macy’s Inc		(62,724	)		(308	)
Norwegian Cruise Line Holdings Ltd *		(17,394	)		(191	)
Rakuten Inc		(96,700	)		(734	)
Royal Caribbean Cruises Ltd		(6,658	)		(214	)
Shake Shack Inc, Cl A *		(6,648	)		(251	)
Texas Roadhouse Inc, Cl A		(7,712	)		(319	)

					(5,266	)

Consumer Staples — (0.2)%
Campbell Soup Co		(5,911	)		(273	)
Craft Brew Alliance *		(10,137	)		(151	)
Sysco Corp, Cl A		(13,672	)		(624	)

					(1,048	)


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		147

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

Multi-Strategy Alternative Fund (Continued)



				Market Value
Description	Shares			($ Thousands)

COMMON STOCK SOLD SHORT (continued)

Financials — (1.4)%
Aon PLC/UK		(3,164	)	$	(522	)
Canadian Imperial Bank of Commerce		(2,993	)		(172	)
Capital One Financial Corp		(12,169	)		(613	)
FactSet Research Systems Inc		(3,767	)		(982	)
First Horizon National Corp		(238,437	)		(1,922	)
Independent Bank Group Inc		(43,599	)		(1,032	)
Laurentian Bank of Canada		(6,884	)		(148	)
MSCI Inc, Cl A		(1,207	)		(349	)
Royal Bank of Canada		(2,993	)		(183	)
TD Ameritrade Holding Corp		(5,093	)		(177	)

					(6,100	)

Health Care — (0.7)%
AbbVie Inc		(20,318	)		(1,548	)
Align Technology Inc *		(1,867	)		(325	)
BioTelemetry Inc *		(1,856	)		(71	)
Demant A/S *		(20,168	)		(447	)
iRhythm Technologies Inc *		(1,953	)		(159	)
Vocera Communications Inc *		(20,688	)		(439	)

					(2,989	)

Industrials — (0.9)%
51job Inc ADR *		(7,230	)		(444	)
American Airlines Group Inc		(16,589	)		(202	)
Axon Enterprise Inc *		(2,316	)		(164	)
Cimpress PLC *		(5,726	)		(305	)
Illinois Tool Works Inc		(4,496	)		(639	)
Lincoln Electric Holdings Inc		(4,367	)		(301	)
PACCAR Inc		(10,113	)		(618	)
Roper Technologies Inc		(1,592	)		(496	)
Trex Co Inc *		(3,921	)		(314	)
Verisk Analytics Inc, Cl A		(3,221	)		(449	)
Viad Corp		(1,683	)		(36	)

					(3,968	)

Information Technology — (4.0)%
Accenture PLC, Cl A		(5,358	)		(875	)
Amadeus IT Group SA, Cl A		(7,461	)		(354	)
Appian Corp, Cl A *		(6,394	)		(257	)
Aspen Technology Inc *		(4,366	)		(415	)
Automatic Data Processing Inc		(6,210	)		(849	)
Belden Inc		(13,497	)		(487	)
Broadridge Financial Solutions Inc		(5,847	)		(555	)
CDW Corp/DE		(3,660	)		(341	)
Check Point Software Technologies Ltd *		(8,814	)		(886	)
Cisco Systems Inc		(9,542	)		(375	)
Cognizant Technology Solutions Corp, Cl A		(11,058	)		(514	)
Comtech Telecommunications Corp		(3,300	)		(44	)
Coupa Software Inc *		(3,673	)		(513	)
DXC Technology Co		(34,827	)		(455	)



				Market Value
Description	Shares			($ Thousands)

COMMON STOCK SOLD SHORT (continued)
Fiserv Inc, Cl A *		(6,885	)	$	(654	)
FleetCor Technologies Inc *		(3,028	)		(565	)
Infosys Ltd ADR		(71,273	)		(585	)
Intel Corp		(8,738	)		(473	)
Jack Henry & Associates Inc		(3,533	)		(548	)
LogMeIn Inc		(6,654	)		(554	)
Microchip Technology Inc		(6,500	)		(441	)
Oracle Corp, Cl B		(14,002	)		(677	)
Pegasystems Inc		(6,758	)		(481	)
PTC Inc *		(5,791	)		(354	)
Qorvo Inc *		(7,597	)		(613	)
QUALCOMM Inc		(9,180	)		(621	)
Seiko Epson Corp		(53,400	)		(579	)
Square Inc, Cl A *		(14,862	)		(779	)
Taiyo Yuden Co Ltd		(30,500	)		(808	)
TeamViewer *		(18,349	)		(733	)
TiVo		(29,835	)		(211	)
Western Union Co/The		(23,520	)		(426	)
Workday Inc, Cl A *		(5,330	)		(694	)

					(17,716	)

Materials — (0.1)%
Fortescue Metals Group Ltd		(81,022	)		(496	)

Real Estate — (0.1)%
Iron Mountain Inc		(14,749	)		(351	)

Utilities — (0.1)%
UGI Corp		(16,002	)		(427	)

Total Common Stock Sold Short (Proceeds $48,897) ($ Thousands)					(44,789	)

EXCHANGE TRADED FUNDS SOLD SHORT— (3.0)%

Exchange Traded Fund — (3.0)%
Invesco QQQ Trust Series 1, Ser 1		(17,702	)		(3,370	)
iShares Russell 2000 ETF		(37,050	)		(4,241	)
SPDR S&P 500 ETF Trust		(22,817	)		(5,881	)

Total Exchange Traded Funds Sold Short (Proceeds $13,873) ($ Thousands)					(13,492	)

Total Investments Sold Short — (13.1)% (Proceeds $62,770) ($ Thousands)				$	(58,281	)


148		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020



				Market Value
Description	Contracts			($ Thousands)

*PURCHASED OPTIONS — 0.3%**

Total Purchased Options(K) (Cost $976) ($ Thousands)		102,015		$	1,205


*WRITTEN OPTIONS — (0.1)%**

Total Written Options(K) (Premiums Received $534) ($ Thousands)		(100,164	)	$	(614	)

A list of the open exchange traded options contracts for the Fund at March 31, 2020, is as follows:


			Notional Amount						Value
Description	Number of Contracts		(Thousands)		Exercise Price		Expiration Date		(Thousands)

PURCHASED OPTIONS — 0.3%

Put Options
Acacia Communications*		43	$	289	$	65.00		6/20/2020	$	5
AECOM*		14		42		35.00		4/18/2020		7
April 20 Puts on SPX*		25		6,461		2,400.00		4/18/2020		137
April 20 Puts on SPX*		13		3,360		2,500.00		4/18/2020		76
April 20 Puts on SPX*		25		6,461		2,160.00		4/18/2020		56
April 20 Puts on SPX*		13		3,360		2,200.00		4/18/2020		18
Charles Schwab*		80		269		26.00		6/20/2020		10
Charles Schwab*		78		262		27.00		4/18/2020		6
Craft Brew Alliance*		271		404		15.00		8/22/2020		41
Forty Seven*		3		29		75.00		4/18/2020		–
Mellanox Technologies*		69		837		115.00		6/20/2020		14
Mellanox Technologies*		1		12		100.00		4/18/2020		–
Tallgrass Energy*		6		10		16.00		7/18/2020		1
Taubman Centers*		13		54		30.00		6/20/2020		5
Wright Medical Group NV*		2		6		25.00		1/16/2021		–
				–						–

				21,856						376

Call Options
AECOM*		43		128		45.00		4/18/2020		1
AECOM*		58		173		42.50		4/18/2020		1
Axalta Coating Systems*		42		73		19.00		5/16/2020		5
BorgWarner*		136		331		30.00		5/16/2020		10
Eldorado Resorts*		30		43		25.00		4/18/2020		1
Eldorado Resorts*		115		166		35.00		4/18/2020		1
Eldorado Resorts*		105		151		40.00		4/18/2020		1
Occidental Petroleum*		84		97		35.00		6/20/2020		2
Pfizer*		184		601		38.00		1/16/2021		16
Pfizer*		92		300		35.00		1/16/2021		16
Pfizer*		92		300		33.00		9/19/2020		21
S&P 500*		804		2,078		3,100.00		12/19/2020		46
SPDR S&P 500 ETF Trust*		99,210		28,966		310.00		12/19/2020		505
Tegna*		85		92		10.00		10/17/2020		24
United Technologies*		155		2,323		90.00		5/16/2020		173
WESCO International*		80		183		35.00		4/18/2020		5
WESCO International*		44		102		40.00		5/16/2020		1


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		149

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

Multi-Strategy Alternative Fund (Continued)


				Notional Amount							Value
Description	Number of Contracts			(Thousands)			Exercise Price		Expiration Date		(Thousands)

PURCHASED OPTIONS (continued)
				$	36,107						$	829

Total Purchased Options				$	57,963						$	1,205


WRITTEN OPTIONS — (0.1)%

Put Options
April 20 Puts on SPX*		(26	)	$	(6,720	)		2,350.00		04/18/20	$	(77	)
April 20 Puts on SPX*		(50	)		(12,923	)		2,280.00		04/18/20		(175	)
Mellanox Technologies*		(74	)		(898	)		100.00		06/20/20		(15	)

					(20,541	)						(267	)

Call Options
S&P 500*		(804	)		(2,078	)		3,200.00		12/19/20		(31	)
SPDR S&P 500 ETF Trust*		(99,210	)		(28,966	)		320.00		12/19/20		(316	)

					(31,044	)						(347	)

Total Written Options				$	(51,585	)					$	(614	)

A list of the open futures contracts held by the Fund at March 31, 2020 is as follows:

Number of

Unrealized

Contracts

Expiration

Notional Amount

Value

Depreciation

Type of Contract

Short

Date

(Thousands)

S&P 500 Index E-MINI

(10)

Jun-2020

(1,202)

(1,285)

(83)

A list of the open forward foreign currency contracts held by the Fund at March 31, 2020 is as follows:


									Unrealized
									Appreciation
				Currency to Deliver			Currency to Receive		(Depreciation)
Counterparty	Settlement Date			(Thousands)			(Thousands)		(Thousands)
Barclays PLC		06/12/20	AUD		390	USD		259	$	20
Barclays PLC		06/17/20	USD		390	MXN		7,627		(69	)
Barclays PLC		06/17/20	USD		516	EUR		448		(23	)
Barclays PLC		06/17/20	ZAR		34,362	USD		2,211		306
Citi		04/15/20	USD		277	AUD		463		6
Citi		04/15/20	AUD		1,157	USD		799		91
Deutsche Bank		06/17/20	USD		1,392	IDR		20,680,680		(137	)
Deutsche Bank		06/17/20	MXN		7,627	USD		357		36
Deutsche Bank		06/17/20	RUB		83,344	USD		1,213		158
Deutsche Bank		06/17/20	RUB		13,462	USD		167		(3	)
Goldman Sachs		04/15/20	NZD		1,420	USD		913		72
Goldman Sachs		05/20/20	USD		1,171	KRW		1,441,181		14
Goldman Sachs		05/20/20	USD		786	KRW		930,361		(20	)
Goldman Sachs		05/20/20	CNH		10,936	USD		1,552		9
Goldman Sachs		05/20/20	JPY		33,133	USD		310		2
Goldman Sachs		05/20/20	KRW		5,057,226	USD		4,271		113
HSBC		04/15/20	CAD		757	USD		533		1
HSBC		05/20/20	USD		146	JPY		16,220		5
HSBC		05/20/20	USD		509	CNH		3,576		(4	)
HSBC		05/20/20	CNH		10,147	USD		1,425		(7	)
HSBC		05/20/20	CNH		12,872	USD		1,836		21


150		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020


Counterparty	Settlement Date			Currency to Deliver (Thousands)			Currency to Receive (Thousands)		Unrealized Appreciation (Depreciation) (Thousands)
JPMorgan Chase Bank		04/15/20	USD		1,450	CAD		1,882	$	(128	)
JPMorgan Chase Bank		04/15/20	CAD		742	USD		561		39
JPMorgan Chase Bank		04/15/20	CAD		1,393	USD		978		(1	)
JPMorgan Chase Bank		05/20/20	USD		382	JPY		41,713		5
JPMorgan Chase Bank		06/17/20	USD		83	EUR		76		—
JPMorgan Chase Bank		06/17/20	EUR		526	HUF		177,631		(36	)
JPMorgan Chase Bank		06/17/20	EUR		1,798	USD		2,007		28
JPMorgan Chase Bank		06/17/20	USD		2,407	ZAR		40,764		(147	)
JPMorgan Chase Bank		06/17/20	USD		328	RUB		26,427		6
JPMorgan Chase Bank		06/17/20	USD		2,397	RUB		175,635		(173	)
JPMorgan Chase Bank		06/17/20	THB		19,014	USD		606		26
JPMorgan Chase Bank		06/17/20	ZAR		30,110	USD		1,933		263
JPMorgan Chase Bank		06/17/20	RUB		84,856	USD		1,272		198
JPMorgan Chase Bank		06/17/20	IDR		73,316,475	USD		5,122		676
Merrill Lynch		06/17/20	USD		2,264	IDR		33,556,572		(229	)
Merrill Lynch		06/17/20	RUB		15,275	USD		229		36
Merrill Lynch		06/17/20	THB		19,022	USD		606		26
Merrill Lynch		06/17/20	HUF		307,994	EUR		903		53
Merrill Lynch		06/17/20	IDR		1,844,199	USD		123		11
Montgomery/Bank of America		05/20/20	USD		493	JPY		53,542		4
Morgan Stanley		04/30/20	CAD		97	USD		68		1
Morgan Stanley		04/30/20	EUR		204	USD		226		2
Morgan Stanley		04/30/20	EUR		522	USD		566		(7	)
Morgan Stanley		06/17/20	EUR		386	HUF		130,363		(27	)
Morgan Stanley		06/17/20	USD		1,460	ZAR		23,709		(146	)
Morgan Stanley		06/17/20	RUB		335,043	USD		5,026		784
Morgan Stanley		06/17/20	IDR		16,781,225	USD		1,173		155
State Street		04/15/20	USD		330	AUD		535		(2	)
State Street		04/15/20	CAD		766	USD		577		39
State Street		04/15/20	AUD		1,130	USD		698		6
State Street		04/16/20	USD		755	ILS		2,604		(18	)
State Street		06/17/20	USD		1	EUR		1		—
State Street		06/17/20	EUR		393	USD		424		(9	)
State Street		06/17/20	USD		592	GBP		457		(25	)
State Street		06/17/20	GBP		653	USD		845		33
State Street		06/17/20	GBP		270	USD		335		—
UBS		04/15/20	CAD		374	USD		285		22
UBS		04/15/20	CAD		561	USD		386		(8	)
UBS		05/20/20	USD		621	JPY		67,619		7
UBS		05/20/20	JPY		37,137	USD		345		—
UBS		06/17/20	USD		1,124	EUR		1,006		(18	)
Westpac Banking		04/15/20	AUD		345	USD		234		23
Westpac Banking		06/17/20	GBP		256	USD		331		13

									$	2,073


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		151

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

Multi-Strategy Alternative Fund (Continued)

A list of the open OTC swap agreements held by the Fund at March 31, 2020 is as follows:

Total Return Swaps

Upfront

Net Unrealized

Notional

Payments/

Appreciation

Reference Entity/

Payment

Termination

Amount

Value

Receipts

(Depreciation)

Counterparty

Obligation

Fund Pays

Fund Receives

Frequency

Date

Currency

(Thousands)

Bank of America Merrill Lynch

Ukraine
Government
Bond

3 MONTH USD -
LIBOR + 35 BPS

UKRAINE GOVERNMENT 14.3% 7/08/2020

Semi-
Annually

07/08/2020

USD

32,815

1,258

1,446

(188

)

Deutsche Bank

Indonesia
Treasury Bond

3 MONTH USD -
LIBOR + 60 BPS

INDONESIA GOVERNMENT 8.25% 6/15/2032

Semi-
Annually

06/15/2032

USD

10,656,147

(204

)

–

(204

)

Deutsche Bank

Indonesia
Treasury Bond

3 MONTH USD -
LIBOR

INDONESIA GOVERNMENT 8.25% 6/15/2032

Semi-
Annually

06/15/2032

USD

20,078,517

(258

)

–

(258

)

Goldman Sachs

Kakao Corp

1MLIBOR + .50

KAKAO CORP

Annually

12/15/2025

USD

(1,396)

–

Goldman Sachs

Koolearn
Technology

KOOLEARN TECH
HLDG

1MLIBOR - 30

Monthly

12/15/2025

HKD

310

(25

)

–

(25

)

Goldman Sachs

NCSoft

1MLIBOR + .50

NCSOFT CORP

Annually

12/15/2025

USD

(621)

–

Goldman Sachs

Netmarble

NETMARBLE
CORP

1MLIBOR - 50

Monthly

12/15/2025

KRW

881

(23

)

–

(23

)

Goldman Sachs

Semiconductor

SEMICONDUCTOR
(S)

1MLIBOR - 30

Monthly

12/15/2025

HKD

165

)

–

)

Goldman Sachs

SK Hynix

1MLIBOR + .50

SK HYNIX INC

Annually

12/15/2025

USD

(1,048)

–

Goldman Sachs

Windbond
Electronics

WINBOND
ELECTRONICS

1MLIBOR - 50

Monthly

12/15/2025

TWD

(633)

–

Morgan Stanley

ams AG

AMS AG (L)

LIBOR-1M

Annually

03/30/2022

CHF

(163)

—

–

Morgan Stanley

Brookfield
Renewable
Partners

BROOKFIELD
RENWBL ENERGY
(S)

FEDEF-1D

Monthly

01/14/2022

USD

791

117

–

117

Morgan Stanley

Brookfield
Renewable
Partners

BROOKFIELD
RENWBL ENERGY
(L)

FEDEF-1D

Annually

03/26/2022

USD

(13)

—

–

Morgan Stanley

Cineworld

CINEWORLD
GROUP PLC

1-MONTH USD - LIBOR

Annually

01/23/2022

GBP

(24)

(60

)

–

(60

)

Morgan Stanley

FGL Holdings

FGL HOLDINGS (L)

FEDEF-1D

Annually

03/27/2022

USD

(380)

–

Morgan Stanley

Fiat Chrysler

FIAT

EURIB-1M

Annually

11/01/2021

EUR

(153)

–

Morgan Stanley

Fidelity
National
Information
Services

FIDELITY
NATIONAL(S)

FEDEF-1D

Monthly

03/27/2022

USD

118

–

Morgan Stanley

Flutter
Entertainment

FLUTTER
ENTERTAINMENT(S)

FEDEF-1D

Monthly

11/22/2021

USD

412

–

Morgan Stanley

GrandVision

GRANDVISION
NV(L)

EURIB-1M

Annually

11/01/2021

EUR

(1,669)

113

–

113

Morgan Stanley

NIBC Holding
NV

NIBC HOLDING
AIW(L)

EURIB-1M

Annually

03/12/2022

EUR

(150)

(14

)

–

(14

)

Morgan Stanley

Northview
Apartment
REIT

NORTHVIEW
APARTMENT
REAL ESTAT (L)

DISC -1D

Annually

03/04/2022

CAD

(2,385)

(14

)

–

(14

)

Morgan Stanley

OSRAM Licht
AG

OSRAM
LICHTZ.VERKAUF

1 MONTH EUR - EURIBOR

Annually

03/24/2022

EUR

(5)

—

–

Morgan Stanley

OSRAM
LICHT AG

OSRAM LICHT AG
(L)

1 MONTH EUR - EURIBOR

Annually

11/01/2021

EUR

(614)

–

Morgan Stanley

Peugeot SA

PEUGEOT S.A. (L)

EONIA-1D

Annually

03/11/2022

EUR

(149)

(30

)

–

(30

)

Morgan Stanley

Tallgrass
Energy

TALLGRASS
ENERGY(L)

FEDEF-1D

Annually

06/07/2021

USD

(305)

–

Morgan Stanley

Terraform
Power

1MLIBOR +. 50

TERRAFORM POWER (L)

Annually

02/28/2022

USD

(931)

(166

)

–

(166

)

Morgan Stanley

Thyssenkrupp
AG

THYSSENKRUPP
AG(L)

EURIB-1M

Annually

02/03/2022

EUR

(220)

(117

)

–

(117

)

994

1,446

(452

)

Credit Default Swap

Upfront

Net Unrealized

Notional

Payments/

Appreciation

Buy/Sell

(Pays)/Receives

Payment

Termination

Amount

Value

Receipts

(Depreciation)

Counterparty

Reference Entity/ Obligation

Protection

Rate

Frequency

Date

(Thousands)

JPMorgan Chase Bank

Dillard’s

Buy

1.00%

Quarterly

12/20/2020

$55

—

A list of the open centrally cleared swap agreements held by the Fund at March 31, 2020 is as follows:

Credit Default Swaps

Net Unrealized

Upfront Payments/

Appreciation

Buy/Sell

(Pays)/Receives

Notional Amount

Value

Receipts

(Depreciation)

Reference Entity/Obligation

Protection

Rate

Payment Frequency

Termination Date

(Thousands)

Macy’s

Buy

1.00%

Quarterly

12/20/2020

$55

Kazakhstan

Buy

1.00%

Quarterly

12/20/2024

1,522

(42

)


152		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020


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)
Republic of South Africa		Buy		1.00%		Quarterly		12/20/2024		$5,654		$	720		$	157		$	563
Simon Property		Buy		1.00%		Quarterly		06/20/2025		275			21			19			2
Vornado Realty		Buy		1.00%		Quarterly		06/20/2025		10			—			—			—
Mexico		Buy		1.00%		Quarterly		06/20/2023		1,596			38			(1	)		39
Mexico		Buy		1.00%		Quarterly		12/20/2023		2,938			95			(23	)		118
Mexico		Buy		1.00%		Quarterly		12/20/2023		458			15			4			11
Republic of Korea		Buy		1.00%		Quarterly		06/20/2024		3,487			(103	)		(109	)		6
Republic of Turkey		Sell		1.00%		Quarterly		12/20/2022		(654	)		(64	)		(15	)		(49	)
Republic of Turkey		Buy		1.00%		Quarterly		06/20/2024		1,709			269			139			130

												$	997		$	132		$	865

Interest Rate Swap

Fund Pays

Fund Receives

Payment

Frequency

Termination Date

Currency

Notional

Amount

(Thousands)

Value

(Thousands)

Upfront

Payments/

Receipts

(Thousands)

Net Unrealized

Depreciation

(Thousands)

1.0 X MXIBTIIE + 0.0 BPS

6.843%

Monthly

03/06/2030

MXN

28,987

(16

)

–

(16

)

Percentages are based on Net Assets of $443,298 ($ Thousands).

*	Non-income producing security.

**	The rate reported is the 7-day effective yield as of March 31, 2020.

^‡	Real Estate Investment Trust.

^‡‡	Expiration date not available.

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

(A)	Securities considered illiquid. The total value of such securities as of March 31, 2020 was $112 ($ Thousands) and represented 0.0% of the Net Assets of the Fund.

(B)	Level 3 security in accordance with fair value hierarchy.

(C)	Security, or a portion thereof, has been pledged as collateral 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 March 31, 2020, the value of these securities amounted to $21,578 ($ Thousands), representing 4.9% 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)	Perpetual security with no stated maturity date.

(H)	Unsettled bank loan. Interest rate may not be available.

(I)	Security is a Master Limited Partnership. At March 31, 2020, such securities amounted to $64 ($ Thousands), or 0.0% of the net assets (See Note 2).

(J)	Zero coupon security. The rate shown on the Schedule of Investments is the security’s effective yield at the time of purchase.

(K)	Refer to table below for details on Options Contracts.

AUD — Australian Dollar

BRL — Brazilian Real

CAD — Canadian Dollar

Cl — Class

CLO — Collateralized Loan Obligation

CNY — Chinese Yuan Onshore

CV — Convertible Security

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

IDR — Indonesian Rupiah

ILS — Israeli New Sheckels

JPY — Japanese Yen

KRW — Korean Won

LIBOR— London Interbank Offered Rate

LLC — Limited Liability Company

Ltd. — Limited

MTN — Medium Term Note

MXN — Mexican Peso

NZD — New Zealand Dollar

PLC — Public Limited Company

Pty — Proprietary

RB — Revenue Bond

RUB — Russian Ruble

S&P— Standard & Poor’s

SPDR — Standard & Poor’s Depository Receipt

SPX — Standard & Poor’s 500 Index

THB – Thai Baht

UAH — Ukrainian Hryvnia

ULC — Unlimited Liability Company

USD — U.S. Dollar

VAR — Variable Rate

ZAR — South African Rand


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		153

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

Multi-Strategy Alternative Fund (Concluded)

The following is a list of the level of inputs used as of March 31, 2020, 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		130,534			40		71		130,645
Registered Investment Company		62,556			–		–		62,556
Corporate Obligations		–			27,406		491		27,897
Exchange Traded Fund		20,827			–		–		20,827
Loan Participations		–			11,237		1,693		12,930
Sovereign Debt		–			9,665		–		9,665
Municipal Bonds		–			3,893		3		3,896
Asset-Backed Securities		–			1,120		–		1,120
Convertible Bonds		–			915		–		915
Preferred Stock		712			–		–		712
Rights		318			–		–		318
U.S. Treasury Obligations		–			138		–		138
Mortgage-Backed Security		–			–		131		131
Warrant		–			–		–		–
Cash Equivalents		118,158			–		–		118,158


Total Investments in Securities		333,105			54,414		2,389		389,908


Securities Sold Short
Common Stock		(44,789	)		–		–		(44,789	)
Exchange Traded Funds		(13,492	)		–		–		(13,492	)

Total Securities Sold Short		(58,281	)		–		–		(58,281	)



Other Financial Instruments	Level 1 ($)			Level 2 ($)			Level 3 ($)		Total ($)
Purchased Options		1,205			–			–		1,205
Written Options		(614	)		–			–		(614	)
Futures Contracts*
Unrealized Depreciation		(83	)		–			–		(83	)
Forwards Contracts*
Unrealized Appreciation		–			3,310			–		3,310
Unrealized Depreciation		–			(1,237	)		–		(1,237	)
OTC Swaps
Total Return Swaps*
Unrealized Appreciation		–			656			–		656
Unrealized Depreciation		–			(1,108	)		–		(1,108	)
Centrally Cleared Swaps
Credit Default Swaps*
Unrealized Appreciation		–			914			–		914
Unrealized Depreciation		–			(49	)		–		(49	)
Interest Rate Swaps*
Unrealized Depreciation		–			(16	)		–		(16	)

Total Other Financial Instruments		508			2,470			–		2,978

(1) 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 year in relation to Net Assets. Management has concluded that Level 3 investments are not material in relation to Net Assets.

* Futures contracts, forward contracts and swap contracts are valued at the unrealized appreciation (depreciation) on the instrument.

For the period ended March 31, 2020, there were no transfers in or out of Level 3.

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 period ended March 31, 2020 ($ Thousands):



Security Description	Value 9/30/2019	Purchases at Cost	Proceeds from Sales	Realized Gain/ (Loss)	Change in Unrealized Appreciation/ (Depreciation)	Value 3/31/2020	Shares	Income	Capital Gains
SEI Daily Income Trust, Government Fund, Cl F	$153,543	$363,640	$(404,039)	$-	$-	$113,144	113,143,696	$1,086	$ -

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

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


154		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

Multi-Asset Accumulation Fund

LOGO

^†Percentages are based on total investments.



Description	Face Amount (Thousands)		Market Value ($ Thousands)

U.S. TREASURY OBLIGATIONS — 40.5%
U.S. Treasury Bills
1.704%, 04/09/2020 (A)(B)	$	18,407	$	18,407
1.623%, 04/30/2020 (A)(B)		49,898		49,896
1.613%, 04/23/2020 (A)(B)		4,428		4,428
1.593%, 05/28/2020 (A)(B)		3,721		3,720
1.583%, 06/25/2020 (A)(B)		8,722		8,721
1.573%, 07/02/2020 (A)(B)		5,228		5,227
1.562%, 05/14/2020 (B)		14,788		14,787
1.552%, 05/21/2020 (B)		19,688		19,686
1.547%, 05/07/2020 (B)		24,778		24,776
1.547%, 07/30/2020 (A)(B)		178,246		178,194
1.542%, 07/16/2020 (B)		35,223		35,215
1.534%, 07/09/2020 (A)(B)		210,081		210,037
1.533%, 06/11/2020 (A)(B)		172		172
1.532%, 07/23/2020 (A)(B)		94,553		94,529
1.521%, 08/13/2020 (A)(B)		54,531		54,515
1.451%, 08/27/2020 (A)(B)		13,653		13,648
0.401%, 09/10/2020 (A)(B)		75,475		75,436
0.300%, 09/17/2020 (B)		24,163		24,156
0.080%, 09/24/2020 (A)(B)		15,104		15,097
U.S. Treasury Inflation Protected Securities
3.875%, 04/15/2029		1,569		2,114
3.625%, 04/15/2028		1,595		2,052
3.375%, 04/15/2032		1,453		2,051
2.500%, 01/15/2029		1,802		2,210
2.375%, 01/15/2025		1,095		1,214
2.375%, 01/15/2027		1,919		2,223
2.125%, 02/15/2040		1,790		2,501
2.125%, 02/15/2041		1,178		1,640
2.000%, 01/15/2026		1,950		2,169
1.750%, 01/15/2028		1,199		1,363
1.375%, 02/15/2044		1,107		1,419
1.250%, 07/15/2020		1,183		1,172
1.125%, 01/15/2021		1,179		1,168
1.000%, 02/15/2046		1,633		1,985
0.875%, 01/15/2029		20,990		22,800



Description	Face Amount (Thousands)		Market Value ($ Thousands)

U.S. TREASURY OBLIGATIONS (continued)
0.750%, 07/15/2028		$ 15,837	$	16,936
0.750%, 02/15/2042		1,655		1,854
0.750%, 02/15/2045		822		939
0.625%, 07/15/2021		1,145		1,134
0.625%, 01/15/2024		1,106		1,124
0.625%, 01/15/2026		1,086		1,122
0.625%, 02/15/2043		1,459		1,601
0.500%, 01/15/2028		20,885		21,751
0.375%, 07/15/2023		1,109		1,115
0.375%, 07/15/2025		7,288		7,434
0.375%, 01/15/2027		7,262		7,431
0.375%, 07/15/2027		7,466		7,678
0.250%, 01/15/2025		16,555		16,704
0.250%, 07/15/2029		11,195		11,624
0.125%, 04/15/2021		1,088		1,067
0.125%, 01/15/2022		1,140		1,124
0.125%, 04/15/2022		1,061		1,046
0.125%, 07/15/2022		1,122		1,111
0.125%, 01/15/2023		1,118		1,104
0.125%, 07/15/2024		1,086		1,089
0.125%, 10/15/2024		4,223		4,275
0.125%, 07/15/2026		6,608		6,666

Total U.S. Treasury Obligations (Cost $1,005,051) ($ Thousands)				1,014,657


SOVEREIGN DEBT — 7.8%

Andina de Fomento
4.375%, 06/15/2022 (A)		125		134
Asian Development Bank MTN
2.625%, 01/12/2027 (A)		1,750		1,949
2.375%, 08/10/2027 (A)		500		550
2.000%, 04/24/2026 (A)		500		534
1.750%, 08/14/2026 (A)		500		528
1.625%, 05/05/2020 (A)		500		500
1.625%, 08/26/2020 (A)		1,000		1,001
Canada Government International Bond
2.000%, 11/15/2022 (A)		375		388
Chile Government International Bond
3.875%, 08/05/2020 (A)		250		251
Council of Europe Development Bank
2.625%, 02/13/2023 (A)		500		528
2.500%, 02/27/2024 (A)		750		804
1.625%, 03/16/2021 (A)		500		505
Deutsche Bundesrepublik Inflation Linked Bond
0.500%, 04/15/2030		EUR 24,381		30,770
0.100%, 04/15/2023		16,641		18,751
0.100%, 04/15/2026		10,996		12,720
0.100%, 04/15/2046		3,046		4,301


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		155

CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

Multi-Asset Accumulation Fund (Continued)



Description	Face Amount (Thousands)		Market Value ($ Thousands)

SOVEREIGN DEBT (continued)
European Bank for Reconstruction & Development MTN
2.750%, 03/07/2023 (A)	$	750	$	795
2.000%, 02/01/2021 (A)		1,000		1,010
1.875%, 02/23/2022 (A)		375		384
1.625%, 05/05/2020 (A)		500		500
1.125%, 08/24/2020 (A)		500		500
European Investment Bank
4.875%, 02/15/2036 (A)		250		372
3.250%, 01/29/2024 (A)		1,500		1,649
2.625%, 03/15/2024 (A)		1,000		1,080
2.500%, 10/15/2024 (A)		1,000		1,082
2.125%, 04/13/2026 (A)		500		542
1.875%, 02/10/2025 (A)		500		528
Export Development Canada
2.750%, 03/15/2023 (A)		750		797
2.625%, 02/21/2024 (A)		1,375		1,477
2.500%, 01/24/2023 (A)		750		788
1.750%, 07/21/2020 (A)		1,000		1,002
French Republic Government Bond OAT
3.400%, 07/25/2029	EUR	1,311		1,970
3.150%, 07/25/2032		1,301		2,084
2.250%, 07/25/2020		514		569
2.100%, 07/25/2023		1,400		1,662
1.850%, 07/25/2027		4,050		5,246
1.800%, 07/25/2040 (C)		1,205		1,910
1.100%, 07/25/2022		1,280		1,466
0.700%, 07/25/2030 (C)		2,101		2,611
0.250%, 07/25/2024		855		976
0.100%, 03/01/2021		1,053		1,163
0.100%, 07/25/2021		1,269		1,393
0.100%, 03/01/2025		1,048		1,176
0.100%, 03/01/2029		504		585
0.100%, 07/25/2036 (C)		715		847
Inter-American Development Bank
7.000%, 06/15/2025 (A)	$	500		646
3.000%, 10/04/2023 (A)		250		271
3.000%, 02/21/2024 (A)		250		274
2.125%, 11/09/2020 (A)		250		252
2.000%, 06/02/2026 (A)		1,000		1,088
1.875%, 03/15/2021 (A)		500		507
1.750%, 09/14/2022 (A)		1,000		1,030
1.625%, 05/12/2020 (A)		500		501
International Bank for Reconstruction & Development
4.750%, 02/15/2035 (A)		250		370
2.500%, 03/19/2024 (A)		750		806
2.500%, 11/25/2024 (A)		500		542
1.875%, 10/07/2022 (A)		875		903
1.750%, 04/19/2023 (A)		1,000		1,035
International Finance MTN
2.125%, 04/07/2026 (A)		1,000		1,072



Description	Face Amount (Thousands)		Market Value ($ Thousands)

SOVEREIGN DEBT (continued)
1.625%, 07/16/2020 (A)	$	1,000	$	1,001
Italy Buoni Poliennali Del Tesoro
3.100%, 09/15/2026 (C)	EUR	2,232		2,771
2.600%, 09/15/2023 (C)		2,366		2,773
2.550%, 09/15/2041 (C)		1,006		1,274
2.350%, 09/15/2024 (C)		4,258		4,984
2.350%, 09/15/2035 (C)		1,258		1,552
2.100%, 09/15/2021 (C)		1,539		1,736
1.250%, 09/15/2032 (C)		2,500		2,708
Korea Development Bank/The
4.625%, 11/16/2021 (A)	$	250		265
Korea International Bond
2.750%, 01/19/2027 (A)		1,000		1,051
Nordic Investment Bank
1.500%, 09/29/2020 (A)		1,000		1,004
1.250%, 08/02/2021 (A)		500		504
North American Development Bank
2.400%, 10/26/2022 (A)		200		203
Province of Alberta Canada
3.350%, 11/01/2023 (A)		250		271
3.300%, 03/15/2028 (A)		500		574
2.950%, 01/23/2024 (A)		250		268
2.200%, 07/26/2022 (A)		1,000		1,033
Province of British Columbia Canada
6.500%, 01/15/2026 (A)		250		326
2.000%, 10/23/2022 (A)		750		775
Province of Manitoba Canada
3.050%, 05/14/2024 (A)		250		272
2.600%, 04/16/2024 (A)		500		533
2.125%, 05/04/2022 (A)		250		258
Province of Ontario Canada
3.200%, 05/16/2024 (A)		250		272
2.500%, 04/27/2026 (A)		1,000		1,078
2.450%, 06/29/2022 (A)		250		259
2.400%, 02/08/2022 (A)		750		771
2.250%, 05/18/2022 (A)		500		515
2.200%, 10/03/2022 (A)		500		517
2.000%, 10/02/2029 (A)		500		524
Province of Quebec Canada
7.500%, 09/15/2029 (A)		450		680
2.875%, 10/16/2024 (A)		500		542
2.625%, 02/13/2023 (A)		500		527
2.500%, 04/09/2024 (A)		1,000		1,064
2.500%, 04/20/2026 (A)		750		811
Svensk Exportkredit AB MTN
2.875%, 03/14/2023 (A)		1,000		1,065
1.750%, 03/10/2021 (A)		1,000		1,008
United Kingdom Gilt Inflation Linked
4.125%, 07/22/2030	GBP	1,000		4,724
2.500%, 04/16/2020		429		1,872
2.500%, 07/17/2024		340		1,516
2.000%, 01/26/2035		932		3,387


156		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020



Description	Face Amount (Thousands)		Market Value ($ Thousands)

SOVEREIGN DEBT (continued)
1.875%, 11/22/2022	GBP	707	$	980
1.250%, 11/22/2027		1,593		3,276
1.250%, 11/22/2032		402		778
1.250%, 11/22/2055		454		1,436
1.125%, 11/22/2037		575		1,248
0.750%, 03/22/2034		375		710
0.750%, 11/22/2047		559		1,367
0.625%, 03/22/2040		671		1,400
0.625%, 11/22/2042		547		1,202
0.500%, 03/22/2050		681		1,644
0.375%, 03/22/2062		493		1,415
0.250%, 03/22/2052		600		1,424
0.125%, 03/22/2024		480		657
0.125%, 03/22/2026		1,125		1,638
0.125%, 08/10/2028		515		804
0.125%, 03/22/2029		1,438		2,276
0.125%, 03/22/2044		479		980
0.125%, 03/22/2058		454		1,139
0.125%, 11/22/2065		558		1,598
0.125%, 03/22/2068		466		1,399

Total Sovereign Debt (Cost $193,198) ($ Thousands)				194,314

CORPORATE OBLIGATIONS — 2.4%

Communication Services — 0.0%
Alphabet Inc
3.625%, 05/19/2021 (A)	$	150		154

Consumer Discretionary — 0.1%
Council of Europe Development Bank
1.750%, 09/26/2022 (A)		250		257
Toyota Motor
3.419%, 07/20/2023 (A)		500		513
Toyota Motor Credit MTN
2.625%, 01/10/2023 (A)		375		375
Toyota Motor Credit Corp MTN
3.200%, 01/11/2027 (A)		750		766
University of Southern California
5.250%, 10/01/2111 (A)		100		167
				2,078

Consumer Staples — 0.1%
Coca-Cola
3.200%, 11/01/2023 (A)		500		556
Colgate-Palmolive MTN
2.300%, 05/03/2022 (A)		250		254
2.250%, 11/15/2022 (A)		1,250		1,246
Procter & Gamble Co/The
2.150%, 08/11/2022 (A)		250		255



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
1.850%, 02/02/2021 (A)	$	250	$	252
				2,563

Energy — 0.1%
Chevron Corp
2.954%, 05/16/2026 (A)		1,000		1,036
Equinor ASA
2.450%, 01/17/2023 (A)		1,250		1,268
Nexen Inc
5.875%, 03/10/2035 (A)		100		135
Shell International Finance BV
3.250%, 05/11/2025 (A)		250		262
XTO Energy Inc
6.750%, 08/01/2037 (A)		300		445
				3,146

Financials — 1.6%
Asian Development Bank
2.625%, 01/30/2024 (A)		375		404
Asian Infrastructure Investment Bank
2.250%, 05/16/2024 (A)		375		398
Bank of Montreal MTN
2.550%, 11/06/2022 (A)		250		253
1.900%, 08/27/2021 (A)		750		752
Bank of New York Mellon
3.550%, 09/23/2021 (A)		200		205
Bank of Nova Scotia/The
4.375%, 01/13/2021 (A)		250		253
2.700%, 03/07/2022 (A)		500		508
Berkshire Hathaway Inc
3.400%, 01/31/2022 (A)		150		157
2.750%, 03/15/2023 (A)		1,000		1,035
BlackRock Inc
3.375%, 06/01/2022 (A)		500		516
Canadian Imperial Bank of Commerce
2.550%, 06/16/2022 (A)		500		508
CME Group
3.000%, 03/15/2025 (A)		1,000		1,032
CME Group Inc
3.000%, 09/15/2022 (A)		100		101
Commonwealth Bank of Australia/New York
2.550%, 03/15/2021 (A)		1,750		1,752
European Investment Bank
2.500%, 03/15/2023 (A)		375		396
2.375%, 05/24/2027 (A)		250		275
European Investment Bank MTN
3.125%, 12/14/2023 (A)		250		272
FMS Wertmanagement
2.000%, 08/01/2022 (A)		875		906
HSBC Holdings PLC
5.100%, 04/05/2021 (A)		250		256


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		157

CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

Multi-Asset Accumulation Fund (Continued)



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Inter-American Development Bank
3.125%, 09/18/2028 (A)	$	375	$	438
2.625%, 01/16/2024 (A)		375		403
2.500%, 01/18/2023 (A)		750		789
2.000%, 07/23/2026 (A)		375		403
International Bank for Reconstruction & Development
7.625%, 01/19/2023 (A)		750		896
3.000%, 09/27/2023 (A)		750		810
2.500%, 07/29/2025 (A)		375		409
2.125%, 07/01/2022 (A)		375		387
1.500%, 08/28/2024 (A)		375		388
International Bank for Reconstruction & Development MTN
2.500%, 11/22/2027 (A)		750		836
1.875%, 10/27/2026 (A)		375		400
International Finance MTN
2.875%, 07/31/2023 (A)		375		403
2.000%, 10/24/2022 (A)		750		778
Kreditanstalt fuer Wiederaufbau
2.875%, 04/03/2028 (A)		375		432
2.625%, 02/28/2024 (A)		1,000		1,077
2.500%, 11/20/2024 (A)		1,000		1,084
2.375%, 08/25/2021 (A)		1,000		1,024
2.125%, 03/07/2022 (A)		500		514
2.125%, 06/15/2022 (A)		500		517
2.125%, 01/17/2023 (A)		1,250		1,304
2.000%, 09/29/2022 (A)		750		776
1.875%, 11/30/2020 (A)		1,000		1,008
Landwirtschaftliche Rentenbank
2.500%, 11/15/2027 (A)		125		140
2.375%, 06/10/2025 (A)		625		676
2.250%, 10/01/2021 (A)		1,000		1,025
2.000%, 01/13/2025 (A)		250		266
Landwirtschaftliche Rentenbank MTN
1.750%, 07/27/2026 (A)		1,125		1,191
National Australia Bank Ltd/New York
3.000%, 01/20/2023 (A)		200		204
1.875%, 07/12/2021 (A)		750		753
Oesterreichische Kontrollbank
3.125%, 11/07/2023 (A)		250		271
2.625%, 01/31/2022 (A)		250		259
1.625%, 09/17/2022 (A)		250		256
Oesterreichische Kontrollbank AG
1.875%, 01/20/2021 (A)		750		757
Oesterreichische Kontrollbank AG MTN
2.875%, 03/13/2023 (A)		500		531
Svensk Exportkredit MTN
3.125%, 11/08/2021 (A)		375		390
2.875%, 05/22/2021 (A)		250		256
2.375%, 03/09/2022 (A)		125		129
2.000%, 08/30/2022 (A)		250		258



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
1.625%, 09/12/2021 (A)	$	250	$	254
1.625%, 11/14/2022 (A)		125		127
Svenska Handelsbanken AB MTN
2.450%, 03/30/2021 (A)		1,000		1,004
Toronto-Dominion Bank MTN
3.500%, 07/19/2023 (A)		250		258
3.250%, 06/11/2021 (A)		125		128
3.250%, 03/11/2024 (A)		125		132
Toronto-Dominion Bank/The MTN
2.125%, 04/07/2021 (A)		875		875
Wells Fargo Bank
3.625%, 10/22/2021 (A)		250		257
2.897%, VAR ICE LIBOR USD 3 Month+0.610%, 05/27/2022 (A)		500		500
2.600%, 01/15/2021 (A)		500		502
2.082%, VAR ICE LIBOR USD 3 Month+0.650%, 09/09/2022 (A)		500		498
Wells Fargo Bank NA
3.550%, 08/14/2023 (A)		750		785
Westpac Banking
2.600%, 11/23/2020 (A)		1,000		1,001
Westpac Banking Corp
2.000%, 08/19/2021 (A)		750		748
				39,486

Government — 0.0%
FMS Wertmanagement
2.750%, 03/06/2023 (A)		375		398
2.750%, 01/30/2024 (A)		375		405
				803

Health Care — 0.1%
Johnson & Johnson
5.950%, 08/15/2037 (A)		300		448
3.375%, 12/05/2023 (A)		500		535
2.450%, 03/01/2026 (A)		1,000		1,068
Novartis Capital
4.400%, 05/06/2044 (A)		250		329
Sanofi
4.000%, 03/29/2021 (A)		150		153
				2,533

Industrials — 0.0%
3M Co MTN
5.700%, 03/15/2037 (A)		150		188
GE Capital International Funding Unlimited Co
4.418%, 11/15/2035 (A)		750		800
				988


158		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Information Technology — 0.3%
Apple Inc
3.000%, 02/09/2024 (A)	$	375	$	395
2.850%, 02/23/2023 (A)		1,000		1,043
2.850%, 05/11/2024 (A)		250		266
2.500%, 02/09/2022 (A)		500		512
2.450%, 08/04/2026 (A)		375		393
2.400%, 05/03/2023 (A)		250		261
Automatic Data Processing Inc
2.250%, 09/15/2020 (A)		500		501
Microsoft
3.700%, 08/08/2046 (A)		500		600
3.300%, 02/06/2027 (A)		1,000		1,110
Microsoft Corp
2.125%, 11/15/2022 (A)		500		519
Visa
4.150%, 12/14/2035 (A)		125		156
3.150%, 12/14/2025 (A)		500		544
2.800%, 12/14/2022 (A)		125		130
2.150%, 09/15/2022 (A)		125		127
				6,557

Utilities — 0.1%
Duke Energy Carolinas LLC
2.950%, 12/01/2026 (A)		1,000		1,045
Florida Power & Light Co
3.125%, 12/01/2025 (A)		1,000		1,022
Southern California Gas
3.750%, 09/15/2042 (A)		250		250
Southern California Gas Co
5.125%, 11/15/2040 (A)		150		177
				2,494

Total Corporate Obligations (Cost $59,092) ($ Thousands)				60,802

	Shares

FOREIGN COMMON STOCK — 2.0%
Australia — 0.1%
AGL Energy Ltd		11,836		125
Amcor PLC		2,573		20
AMP Ltd *		11,590		10
APA Group		22,955		144
ASX Ltd		1,383		65
Aurizon Holdings Ltd		21,309		55
AusNet Services		161,594		169
BHP Group Ltd		1,857		33
Brambles Ltd		7,528		49
Caltex Australia Ltd		9,474		129
CIMIC Group Ltd		2,946		42
Coca-Cola Amatil Ltd		13,155		71
Cochlear Ltd		834		96



Description	Shares		Market Value ($ Thousands)

FOREIGN COMMON STOCK (continued)
Computershare Ltd		24,829	$	147
Crown Resorts Ltd		10,576		49
CSL Ltd		678		123
Flight Centre Travel Group Ltd		4,864		29
Fortescue Metals Group Ltd		5,626		35
Goodman Group ^‡		3,950		29
Harvey Norman Holdings Ltd		29,708		54
Incitec Pivot Ltd		29,314		36
Lendlease Group ^‡		3,959		25
Oil Search Ltd		60,525		88
Orica Ltd		4,582		43
Origin Energy Ltd		26,344		71
Ramsay Health Care Ltd		2,702		95
REA Group Ltd		1,967		93
Santos Ltd		32,841		69
SEEK Ltd		3,243		29
Sonic Healthcare Ltd		9,228		137
Sydney Airport		20,066		69
Tabcorp Holdings Ltd		30,312		47
Telstra Corp Ltd, Cl B		53,641		101
TPG Telecom Ltd		25,100		106
Transurban Group		13,849		102
Treasury Wine Estates Ltd		13,519		83
Washington H Soul Pattinson & Co Ltd		12,903		134
Wesfarmers Ltd		4,242		89
Westpac Banking Corp		2,441		25
Woodside Petroleum Ltd		9,121		102
Woolworths Group Ltd		9,004		193

				3,211

Austria — 0.0%
ANDRITZ AG		592		19
Erste Group Bank AG		2,889		54
OMV AG		3,113		86
Verbund AG ‡		2,112		76

				235

Belgium — 0.0%
Ageas		2,714		113
Anheuser-Busch InBev SA/NV		2,858		127
Groupe Bruxelles Lambert SA		357		28
KBC Group NV		1,942		90
Proximus SADP		3,604		82
Solvay SA		290		21

				461

Canada — 0.3%
Agnico Eagle Mines Ltd		1,529		60
Air Canada, Cl B *		4,589		51
Alimentation Couche-Tard Inc, Cl B		6,304		147
AltaGas Ltd		8,358		75
Atco Ltd/Canada, Cl I		8,531		234


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		159

CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

Multi-Asset Accumulation Fund (Continued)



Description	Shares		Market Value ($ Thousands)

FOREIGN COMMON STOCK (continued)
Aurora Cannabis Inc *		87,083	$	77
Bank of Montreal		1,058		53
Bank of Nova Scotia/The, Cl C		1,590		64
Barrick Gold Corp		5,174		94
Bausch Health Cos Inc *		5,733		88
BCE Inc		6,461		262
BlackBerry Ltd *		28,659		116
Bombardier Inc, Cl B *		23,691		7
Cameco Corp		16,374		123
Canadian Natural Resources Ltd		5,292		72
Canadian Pacific Railway Ltd		641		140
Canadian Tire Corp Ltd, Cl A		758		45
Canadian Utilities Ltd, Cl A		11,614		274
Canopy Growth Corp *		3,820		55
CCL Industries Inc, Cl B		2,224		67
Cenovus Energy Inc		15,893		32
CI Financial Corp		3,354		33
Constellation Software Inc/Canada		183		165
Dollarama Inc		1,227		34
Emera Inc		4,791		187
Empire Co Ltd, Cl A		11,429		221
Enbridge Inc		5,063		146
First Capital Real Estate Investment Trust ^‡		4,150		40
First Quantum Minerals Ltd (Canada)		2,143		11
Fortis Inc/Canada		4,918		187
Franco-Nevada Corp		892		88
George Weston Ltd		737		52
Gildan Activewear Inc		12,001		151
H&R Real Estate Investment Trust ^‡		4,787		30
Husky Energy Inc		13,174		33
Hydro One Ltd (C)		10,410		185
Imperial Oil Ltd		7,170		80
Loblaw Cos Ltd		7,305		372
Magna International Inc, Cl A		3,188		101
Methanex Corp		1,070		13
Metro Inc/CN, Cl A		13,559		542
National Bank of Canada		2,170		83
Nutrien Ltd		1,762		60
Onex Corp		820		30
Open Text Corp		5,957		206
PrairieSky Royalty Ltd		14,471		75
Restaurant Brands International Inc		1,026		41
Rogers Communications Inc, Cl B		5,801		239
Royal Bank of Canada		1,066		65
Saputo Inc		4,704		112
Shaw Communications Inc, Cl B		6,821		109
Shopify Inc, Cl A *		268		111
Stars Group Inc/The *		6,109		124
Suncor Energy Inc		2,744		43
TC Energy Corp		3,314		146
TELUS Corp		14,042		220
Toronto-Dominion Bank/The		1,857		78



Description	Shares		Market Value ($ Thousands)

FOREIGN COMMON STOCK (continued)
Turquoise Hill Resources Ltd *		33,850	$	13
Vermilion Energy Inc		2,483		7
Wheaton Precious Metals Corp		4,550		124
WSP Global Inc		2,856		160

				6,853

China — 0.0%
BeiGene Ltd ADR *		812		100
Sands China Ltd		18,800		69

				169

Denmark — 0.0%
Carlsberg A/S, Cl B		1,158		131
Chr Hansen Holding A/S		1,416		106
Coloplast A/S, Cl B		587		85
Novozymes A/S, Cl B		4,917		223
Orsted A/S (C)		2,130		209
Pandora A/S		4,913		160
Tryg A/S		3,506		86

				1,000

Finland — 0.0%
Elisa Oyj		3,526		218
Fortum Oyj		5,767		85
Kone Oyj, Cl B		265		15
Neste Oyj		6,998		237
Nokia Oyj *		66,880		211
Nokian Renkaat Oyj		2,485		60
Orion Oyj, Cl B		2,179		89

				915

France — 0.2%
Aeroports de Paris, Cl A		373		36
Air Liquide SA		1,246		160
Arkema SA		2,066		143
Atos SE		672		45
AXA SA		1,932		33
BioMerieux		1,418		160
Bouygues SA		892		26
Capgemini SE		433		37
Carrefour SA		6,251		99
Casino Guichard Perrachon SA *		1,275		49
Covivio ^‡		434		24
Dassault Systemes SE		328		49
Electricite de France SA		28,449		224
Engie SA		8,602		89
EssilorLuxottica SA		246		26
Eurofins Scientific SE		99		49
Eutelsat Communications SA		4,960		52
Faurecia SE		552		17
Getlink SE		4,624		55
Iliad SA		513		70


160		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020



Description	Shares		Market Value ($ Thousands)

FOREIGN COMMON STOCK (continued)
Imerys SA		2,203	$	55
Ingenico Group SA		617		66
Ipsen SA		2,272		117
JCDecaux SA *		1,173		21
Legrand SA		2,384		153
L’Oreal SA		607		159
LVMH Moet Hennessy Louis Vuitton SE		396		147
Natixis SA		5,679		18
Pernod Ricard SA		816		116
Remy Cointreau SA		1,229		134
Renault SA		1,250		24
Rexel SA		3,641		27
Sanofi		904		80
Sartorius Stedim Biotech		642		129
Schneider Electric SE		577		50
SCOR SE		1,457		32
Societe BIC SA		447		25
STMicroelectronics NV		1,562		34
Suez		15,016		153
Thales SA, Cl A		440		37
TOTAL SA		5,813		226
Ubisoft Entertainment SA *		803		59
Valeo SA		2,727		46
Veolia Environnement SA		6,091		130
Vinci SA		822		68
Vivendi SA		5,328		114
Wendel SA		681		55

				3,718

Germany — 0.1%
adidas AG		369		83
Allianz SE		347		60
Aroundtown SA ^‡		14,000		70
Beiersdorf AG		1,116		113
Brenntag AG		527		19
Commerzbank AG *		2,147		8
Continental AG		286		21
Covestro AG (C)		1,507		46
Deutsche Bank AG *		3,101		21
Deutsche Boerse AG		198		27
Deutsche Telekom AG		21,205		275
Deutsche Wohnen SE ^‡		1,750		67
E.ON SE		13,577		141
Fraport AG Frankfurt Airport Services Worldwide *		1,521		62
GEA Group AG		1,568		32
Hannover Rueck SE		619		89
HeidelbergCement AG		879		38
Henkel AG & Co KGaA		1,543		114
Infineon Technologies AG		7,960		117
Merck KGaA		1,220		125
METRO AG		10,100		87



Description	Shares		Market Value ($ Thousands)

FOREIGN COMMON STOCK (continued)
Muenchener Rueckversicherungs- Gesellschaft AG in Muenchen		274	$	55
Puma SE		320		19
QIAGEN NV *		1,454		59
RTL Group SA (D)		1,417		48
RWE AG		4,506		118
SAP SE		1,978		223
Symrise AG, Cl A		1,058		98
Telefonica Deutschland Holding AG		58,793		146
thyssenkrupp AG *		3,604		19
Uniper SE		3,925		97
United Internet AG		3,201		94
Volkswagen AG		147		19
Wirecard AG		992		114
Zalando SE *(C)		1,425		55

				2,779

Hong Kong — 0.1%
AIA Group Ltd		1,200		11
ASM Pacific Technology Ltd		10,328		97
CK Asset Holdings Ltd ^‡		5,708		31
CK Hutchison Holdings Ltd		1,208		8
CLP Holdings Ltd, Cl B		16,338		151
Galaxy Entertainment Group Ltd *		10,000		53
HKT Trust & HKT Ltd		455,010		620
Hong Kong & China Gas Co Ltd		131,157		216
Kerry Properties Ltd ^‡		13,000		34
Melco Resorts & Entertainment Ltd ADR		3,036		38
NWS Holdings Ltd		56,569		58
PCCW Ltd		378,649		208
Power Assets Holdings Ltd		12,474		75
Shangri-La Asia Ltd		82,000		56
SJM Holdings Ltd		33,000		28
Swire Properties Ltd ^‡		18,400		52
Techtronic Industries Co Ltd		14,001		91
WH Group Ltd (C)		111,000		104
Wynn Macau Ltd		27,600		42
Yue Yuen Industrial Holdings Ltd		19,694		30

				2,003

Ireland — 0.0%
CRH PLC		3,833		104
Flutter Entertainment PLC *		733		67
James Hardie Industries PLC		4,105		47
Kerry Group PLC, Cl A		418		48
Ryanair Holdings PLC ADR *		861		46

				312

Israel — 0.0%
Azrieli Group Ltd ^‡		1,204		70
Bank Leumi Le-Israel BM		11,928		66
Elbit Systems Ltd		784		103


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		161

CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

Multi-Asset Accumulation Fund (Continued)



Description	Shares		Market Value ($ Thousands)

FOREIGN COMMON STOCK (continued)
International Flavors & Fragrances Inc		1	$	—
Israel Chemicals Ltd		27,089		86
Nice Ltd *		417		62
Teva Pharmaceutical Industries Ltd *		12,297		110

				497

Italy — 0.1%
Assicurazioni Generali SpA		5,334		73
Atlantia SpA		3,095		39
Davide Campari-Milano SpA		3,158		23
Eni SpA		26,389		267
Ferrari NV		156		24
Fiat Chrysler Automobiles NV		4,810		35
Intesa Sanpaolo SpA *		31,593		51
Mediobanca Banca di Credito Finanziario SpA		8,384		46
Moncler SpA		390		14
Poste Italiane SpA (C)		10,226		87
Recordati SpA		7,089		300
Snam SpA		40,649		187
Telecom Italia SpA/Milano		262,580		107
Tenaris SA		20,864		128

				1,381

Japan — 0.6%
Aeon Co Ltd, Cl H		10,900		242
Aisin Seiki Co Ltd		1,500		37
Ajinomoto Co Inc		12,000		224
Alfresa Holdings Corp		3,200		60
Alps Alpine		5,400		52
ANA Holdings Inc		8,100		198
Aozora Bank Ltd		3,100		59
Asahi Group Holdings Ltd		6,800		221
Asahi Intecc Co Ltd		4,400		109
Asahi Kasei Corp		9,000		64
Astellas Pharma Inc		4,700		73
Bandai Namco Holdings Inc		800		39
Bank of Kyoto Ltd/The		300		10
Calbee Inc		1,700		46
Canon Inc		12,500		273
Central Japan Railway Co		400		64
Chiba Bank Ltd/The, Cl B		2,600		11
Chubu Electric Power Co Inc		16,000		226
Chugai Pharmaceutical Co Ltd		900		104
Chugoku Electric Power Co Inc/The		41,600		581
Coca-Cola Bottlers Japan Inc		8,200		169
Concordia Financial Group Ltd		34,400		101
Credit Saison Co Ltd		5,700		66
CyberAgent Inc		3,800		148
Daicel Corp		3,800		28
Daiichi Sankyo Co Ltd		1,100		76
Daito Trust Construction Co Ltd		500		47
Daiwa House Industry Co Ltd ^‡		2,400		60



Description	Shares		Market Value ($ Thousands)

FOREIGN COMMON STOCK (continued)
Dentsu Group Inc		4,200	$	81
Eisai Co Ltd		1,000		73
Electric Power Development Co Ltd		8,300		167
FamilyMart Co Ltd, Cl H		7,800		140
FUJIFILM Holdings Corp		3,100		156
Hakuhodo DY Holdings Inc		3,400		34
Hankyu Hanshin Holdings Inc		3,600		121
Hino Motors Ltd		8,200		44
Hirose Electric Co Ltd		882		92
Hisamitsu Pharmaceutical		1,600		75
Hitachi Chemical Co Ltd		1,039		44
Hitachi High-Technologies		500		37
Hitachi Metals Ltd		3,300		35
Hoya Corp		800		68
Idemitsu Kosan Co Ltd		5,198		119
Inpex Corp		14,400		81
Isetan Mitsukoshi Holdings		18,800		110
Itochu Techno-Solutions Corp		2,000		57
J Front Retailing Co Ltd		5,200		43
Japan Post Bank Co Ltd		7,900		73
Japan Prime Realty Investment Corp, Cl A ^‡		31		93
Japan Real Estate Investment Corp ^‡		37		217
Japan Retail Fund Investment Corp, Cl A ^‡		32		36
JXTG Holdings Inc		33,200		114
Kakaku.com Inc		5,200		96
Kamigumi Co Ltd		4,000		68
Kaneka Corp		2,400		58
Kansai Electric Power Co Inc/The		28,000		312
Kansai Paint Co Ltd		3,000		57
Kao Corp		1,800		147
Kawasaki Heavy Industries Ltd		3,200		47
KDDI Corp		5,100		151
Keikyu Corp		4,000		67
Keio Corp		500		30
Kikkoman Corp		4,500		192
Konami Holdings Corp		4,500		138
Kyocera Corp		1,500		89
Kyowa Hakko Kirin Co Ltd		5,200		117
Kyushu Electric Power Co Inc		27,300		220
Lawson Inc		5,900		324
LINE Corp *		1,700		82
LIXIL Group Corp		3,000		37
M3 Inc		3,400		101
Marubeni Corp		14,900		74
Maruichi Steel Tube Ltd		3,200		77
McDonald’s Holdings Co Japan Ltd		1,723		78
Mebuki Financial Group Inc		32,230		66
Medipal Holdings Corp		6,800		127
MEIJI Holdings Co Ltd		1,000		71
Mitsubishi Motors Corp		8,800		25
Mitsui Chemicals Inc		1,800		34
Mitsui Fudosan Co Ltd ^‡		2,500		43


162		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020



Description	Shares		Market Value ($ Thousands)

FOREIGN COMMON STOCK (continued)
Murata Manufacturing Co Ltd		1,500	$	76
Nabtesco Corp		1,500		35
NEC Corp		3,300		121
Nexon Co Ltd		8,200		134
NGK Spark Plug Co Ltd		800		11
NH Foods Ltd		5,700		199
Nintendo Co Ltd		200		77
Nippon Building Fund Inc ^‡		27		181
Nippon Prologis Inc ^‡		59		148
Nippon Telegraph & Telephone Corp		7,900		188
Nisshin Seifun Group Inc		4,515		75
Nomura Research Institute Ltd		6,534		139
NTT Data Corp		10,000		96
NTT DOCOMO Inc		5,300		166
Obic Co Ltd		300		39
Odakyu Electric Railway Co Ltd		3,300		73
Oji Holdings Corp		12,000		64
Olympus		6,000		87
Ono Pharmaceutical Co Ltd		3,800		87
Oracle Corp Japan *		1,200		105
Oriental Land		300		38
Osaka Gas Co Ltd		11,600		219
Otsuka Holdings Co Ltd		2,600		102
Pan Pacific International Holdings Corp		5,200		99
Pola Orbis Holdings Inc		3,200		59
Rakuten Inc		15,100		115
Rohm Co Ltd		400		22
Ryohin Keikaku Co Ltd		4,000		45
Sankyo Co Ltd		2,500		73
Santen Pharmaceutical Co Ltd		6,200		107
Sega Sammy Holdings Inc		2,900		35
Seven & i Holdings Co Ltd		2,300		76
Shimamura Co Ltd		700		42
Shimizu Corp		8,200		64
Shiseido Co Ltd		2,300		136
Shizuoka Bank Ltd/The		12,000		73
Showa Denko		5,200		108
SoftBank Group Corp		2,000		70
Subaru Corp		4,000		77
Sumitomo Corp		6,500		75
Sumitomo Dainippon Pharma Co Ltd		7,800		101
Sumitomo Metal Mining		1,000		21
Sumitomo Rubber Industries Ltd		6,900		65
Suntory Beverage & Food Ltd		2,300		87
Suzuken Co Ltd/Aichi Japan		2,800		102
Sysmex Corp		1,100		80
T&D Holdings		11,400		93
Taisei Corp		2,300		70
Taisho Pharmaceutical Holdings Co Ltd		1,500		92
Taiyo Nippon Sanso Corp		3,300		49
Takeda Pharmaceutical Co Ltd		4,318		132
Teijin Ltd		4,800		81



Description	Shares		Market Value ($ Thousands)

FOREIGN COMMON STOCK (continued)
Terumo Corp		5,300	$	183
Toho Co Ltd/Tokyo		4,100		126
Toho Gas Co Ltd		6,912		314
Tohoku Electric Power Co Inc		25,100		242
Tokyo Electric Power Co Holdings Inc *		56,400		197
Tokyo Gas Co Ltd		14,200		336
Tokyu Corp		700		11
Toray Industries Inc		10,000		43
Tosoh Corp		5,500		63
TOTO Ltd		1,000		33
Toyo Seikan Group Holdings Ltd		3,500		40
Toyo Suisan Kaisha Ltd		3,000		145
Toyota Industries Corp		1,900		91
Toyota Motor Corp		1,700		102
Trend Micro Inc/Japan		1,300		64
Unicharm Corp		1,900		71
United Urban Investment Corp ^‡		66		66
Yakult Honsha Co Ltd		600		36
Yamazaki Baking Co Ltd		4,200		88
Z Holdings Corp		17,700		57

				15,443

Luxembourg — 0.0%
SES SA, Cl A		5,154		30

Netherlands — 0.0%
ABN AMRO Bank NV (C)		1,275		10
Aegon NV		17,146		43
Akzo Nobel NV		447		29
ArcelorMittal SA		6,941		66
Heineken Holding NV		333		25
Heineken NV		343		29
Koninklijke DSM NV		490		56
Koninklijke KPN NV		36,243		87
Koninklijke Philips NV		4,286		174
Koninklijke Vopak NV		2,505		130
Prosus NV *		898		62
Unilever NV		3,228		159
Wolters Kluwer NV		2,040		144

				1,014

New Zealand — 0.0%
a2 Milk Co Ltd *		6,506		66
Auckland International Airport Ltd		21,194		63
Fisher & Paykel Healthcare Corp Ltd		3,702		67
Fletcher Building Ltd		33,974		70
Ryman Healthcare Ltd		7,695		47
Spark New Zealand Ltd		51,678		125

				438

Norway — 0.0%
Aker BP ASA		5,212		66


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		163

CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

Multi-Asset Accumulation Fund (Continued)



Description	Shares		Market Value ($ Thousands)

FOREIGN COMMON STOCK (continued)
DNB ASA, Cl A		9,226	$	103
Equinor ASA		8,101		101
Gjensidige Forsikring ASA		663		11
Mowi ASA		1,309		20
Norsk Hydro ASA		42,193		91
Schibsted ASA, Cl B		5,950		106
Telenet Group Holding NV		4,325		130
Telenor ASA		12,277		177
Yara International ASA		3,013		94

				899

Portugal — 0.0%
Banco Espirito Santo SA *		50,830		—
EDP - Energias de Portugal SA		35,696		144
Galp Energia SGPS SA		17,981		205

				349

Singapore — 0.0%
CapitaLand Commercial Trust ^‡		53,667		58
CapitaLand Ltd ^‡		5,100		10
City Developments Ltd		7,600		39
Dairy Farm International Holdings Ltd		24,100		111
Genting Singapore Ltd		211,800		103
Jardine Cycle & Carriage Ltd		4,200		58
Jardine Matheson Holdings Ltd		1,364		68
Jardine Strategic Holdings Ltd		2,900		64
Oversea-Chinese Banking Corp Ltd		12,800		77
Singapore Airlines Ltd		4,200		17
Singapore Technologies Engineering Ltd		25,400		56
Singapore Telecommunications Ltd		26,400		47
Venture Corp Ltd		11,500		110
Wilmar International Ltd		44,800		101

				919

Spain — 0.1%
ACS Actividades de Construccion y Servicios SA		2,833		55
Aena SME SA (C)		765		83
Amadeus IT Group SA, Cl A		3,640		173
Banco Bilbao Vizcaya Argentaria SA		10,923		35
Cellnex Telecom SA *(C)		1,977		90
Ferrovial SA		1,532		37
Grifols SA		5,142		175
Iberdrola SA		9,769		97
Industria de Diseno Textil SA		4,514		117
Naturgy Energy Group SA		3,616		64
Red Electrica Corp SA		10,145		182
Repsol SA, Cl A		4,954		45
Siemens Gamesa Renewable Energy SA		1,571		24

				1,177



Description	Shares		Market Value ($ Thousands)

FOREIGN COMMON STOCK (continued)
Sweden — 0.1%
Atlas Copco AB, Cl A		345	$	11
Boliden AB		3,000		55
Electrolux AB *		3,309		41
Epiroc AB, Cl A		3,608		36
Epiroc AB, Cl B		1,891		19
ICA Gruppen AB		1,513		64
Industrivarden AB, Cl C		4,865		95
Kinnevik AB *		1,565		26
Lundin Petroleum AB		5,244		101
Millicom International Cellular SA		3,144		89
Nordea Bank Abp		6,982		40
Skandinaviska Enskilda Banken AB, Cl A		7,936		54
Svenska Handelsbanken AB, Cl A *		7,194		60
Swedbank AB, Cl A		4,910		55
Swedish Match AB		1,119		64
Tele2 AB, Cl B		5,220		70
Telefonaktiebolaget LM Ericsson, Cl B		16,519		135
Telia Co AB		15,240		55

				1,070

Switzerland — 0.1%
Adecco Group AG		1,187		47
Baloise Holding AG		496		65
Barry Callebaut AG		74		148
Cie Financiere Richemont SA		2,218		122
Clariant AG		1,232		21
Dufry AG		1,595		49
Geberit AG		215		94
Givaudan SA		60		186
LafargeHolcim Ltd		1,540		56
Lonza Group AG		76		32
Nestle SA		1,850		190
Partners Group Holding AG		140		97
SGS SA, Cl B		41		95
Swatch Group AG/The, Cl B		575		115
Swiss Life Holding AG		254		86
Swisscom AG		382		205
Temenos AG		836		110
UBS Group AG		5,937		56
Zurich Insurance Group AG		87		31

				1,805

United Kingdom — 0.2%
Antofagasta PLC		2,759		26
Associated British Foods PLC		2,191		49
AstraZeneca PLC		1,588		142
Auto Trader Group PLC (C)		9,697		53
Barratt Developments PLC		2,222		12
BP PLC		59,666		255
British American Tobacco PLC		1,681		57
BT Group PLC, Cl A		31,533		46


164		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020



Description	Shares		Market Value ($ Thousands)

FOREIGN COMMON STOCK (continued)
Bunzl PLC		3,000	$	61
Burberry Group PLC		3,826		63
Centrica PLC		221,735		105
Coca-Cola HBC AG		3,429		74
DCC PLC		1,122		71
Diageo PLC		2,888		93
easyJet PLC		3,512		25
Experian PLC		2,610		73
G4S PLC		16,567		19
GlaxoSmithKline PLC		6,114		115
Halma PLC		3,225		77
Imperial Brands PLC		3,182		59
Informa PLC		13,266		73
InterContinental Hotels Group PLC		1,158		51
ITV PLC		95,402		78
J Sainsbury PLC		21,670		56
Johnson Matthey PLC		1,866		42
Marks & Spencer Group PLC		10,789		13
Micro Focus International PLC		12,366		61
National Grid PLC		10,079		118
NMC Health PLC		12,179		141
Pearson PLC		16,363		112
Persimmon PLC		1,979		47
Reckitt Benckiser Group PLC		154		12
RELX PLC		3,034		65
Rio Tinto PLC		815		38
Rolls-Royce Holdings PLC		7,169		30
Royal Dutch Shell PLC, Cl A		4,518		79
Royal Dutch Shell PLC, Cl B		10,245		173
RSA Insurance Group PLC		16,014		84
Sage Group PLC/The		14,064		103
Severn Trent PLC		2,894		82
Smith & Nephew PLC		12,015		214
Smiths Group PLC		4,570		69
SSE PLC		11,068		179
TUI AG		3,217		14
Unilever PLC		292		15
United Utilities Group PLC, Cl B		8,597		96
Vodafone Group PLC		80,329		112
Whitbread PLC		1,095		41
Wm Morrison Supermarkets PLC		34,659		77
WPP PLC		8,141		56

				3,806
Total Foreign Common Stock (Cost $56,514) ($ Thousands)				50,484

COMMON STOCK — 1.6%

Communication Services — 0.1%
Activision Blizzard Inc		2,324		138
Alphabet Inc, Cl A *		115		134



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Alphabet Inc, Cl C *		8	$	9
AT&T Inc		5,831		170
CenturyLink Inc		19,623		186
Charter Communications Inc, Cl A *		355		155
Comcast Corp, Cl A		3,631		125
Discovery Inc, Cl A *		5,410		105
DISH Network Corp, Cl A *		6,323		126
Electronic Arts Inc *		1,382		138
Facebook Inc, Cl A *		839		140
Fox Corp		6,591		151
Interpublic Group of Cos Inc/The		10,256		166
Live Nation Entertainment Inc *		2,936		133
Netflix Inc *		350		131
News Corp, Cl B		14,692		132
Omnicom Group Inc		2,547		140
Quebecor Inc, Cl B		5,817		127
Softbank Corp		7,400		94
Take-Two Interactive Software Inc, Cl A *		1,169		139
T-Mobile US Inc *		1,908		160
Twitter Inc *		4,682		115
Verizon Communications Inc		3,339		179
ViacomCBS Inc, Cl B		7,544		106
Walt Disney Co/The		1,361		132

				3,331
Consumer Discretionary — 0.2%
Advance Auto Parts Inc		554		52
Amazon.com Inc, Cl A *		29		57
Aptiv PLC *		1,925		95
AutoZone Inc *		63		53
Berkeley Group Holdings PLC		229		10
Best Buy Co Inc		879		50
Booking Holdings Inc *		33		44
BorgWarner Inc		1,798		44
Capri Holdings Ltd *		3,411		37
CarMax Inc *		1,109		60
Carnival Corp *		1,461		19
Chipotle Mexican Grill Inc, Cl A *		118		77
Darden Restaurants Inc *		1,472		80
Dollar General Corp		398		60
Dollar Tree Inc *		704		52
DR Horton Inc		2,170		74
eBay Inc		1,485		45
Expedia Group Inc		1,393		78
Ford Motor Co *		12,902		62
Gap Inc/The		5,023		35
General Motors Co		2,986		62
H&R Block Inc		4,891		69
Hanesbrands Inc		5,402		43
Harley-Davidson Inc, Cl A		4,066		77
Hasbro Inc		1,503		108
Hilton Worldwide Holdings Inc *		1,532		105
Home Depot Inc/The		344		64


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		165

CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

Multi-Asset Accumulation Fund (Continued)



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Iida Group Holdings		10,900	$	151
Kohl’s Corp		2,286		33
Kontoor Brands Inc		313		6
L Brands Inc		4,940		57
Leggett & Platt Inc		1,806		48
Lennar Corp, Cl A		1,670		64
LKQ Corp *		2,394		49
Lowe’s Cos Inc		1,189		102
Macy’s Inc *		7,799		38
Marriott International Inc/MD, Cl A *		1,166		87
Marui Group		6,700		113
Mattel Inc *		774		7
McDonald’s Corp		63		10
MGM Resorts International		6,494		77
Mohawk Industries Inc *		1,015		77
Newell Brands Inc, Cl B		3,837		51
NIKE Inc, Cl B		338		28
Nikon		1,600		15
Nordstrom Inc *		2,197		34
Norwegian Cruise Line Holdings Ltd *		2,900		32
O’Reilly Automotive Inc *		186		56
PVH Corp		1,907		72
Ralph Lauren Corp, Cl A		665		44
Ross Stores Inc		854		74
Royal Caribbean Cruises Ltd		1,248		40
Shimano		300		43
Starbucks Corp		1,082		71
Tapestry Inc *		3,765		49
Target Corp, Cl A		521		49
Tiffany & Co		501		65
TJX Cos Inc/The		1,474		70
Tractor Supply Co		712		60
Ulta Beauty Inc *		553		97
Under Armour Inc, Cl A *		5,297		49
Under Armour Inc, Cl C *		2,107		17
VF Corp		958		52
Whirlpool Corp		398		34
Wynn Resorts Ltd		1,040		63
Yamada Denki Co Ltd *		12,900		51

				3,747
Consumer Staples — 0.2%
Altria Group Inc		2,582		100
Archer-Daniels-Midland Co		2,936		103
Brown-Forman Corp, Cl B		1,763		98
Campbell Soup Co		3,179		147
Church & Dwight Co Inc		2,077		133
Clorox Co/The		782		135
Coca-Cola Co/The		3,032		134
Coca-Cola European Partners PLC		1,470		55
Coles Group Ltd		5,570		52
Colgate-Palmolive Co		2,047		136
Conagra Brands Inc		4,939		145



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Constellation Brands Inc, Cl A		1,639	$	235
Coty Inc, Cl A		27,858		144
Estee Lauder Cos Inc/The, Cl A		852		136
General Mills Inc		2,714		143
Hershey Co/The		1,347		178
Hormel Foods Corp		3,039		142
JM Smucker Co/The		1,257		140
Kellogg Co		2,186		131
Kimberly-Clark Corp		1,017		130
Kobayashi Pharmaceutical		500		46
Kose		900		111
Kraft Heinz Co/The		4,956		122
Kroger Co/The		3,113		94
Lamb Weston Holdings Inc		2,378		136
Lion		2,700		58
McCormick & Co Inc/MD		1,081		153
Molson Coors Beverage Co, Cl B		3,119		122
Mondelez International Inc, Cl A		2,437		122
Monster Beverage Corp *		2,124		119
PepsiCo Inc		1,095		131
Philip Morris International Inc		1,409		103
Pigeon		1,400		54
Procter & Gamble Co/The		1,142		126
Spectrum Brands Holdings Inc		108		4
Sundrug Co Ltd		1,500		48
Sysco Corp, Cl A		4,913		224
Tsuruha Holdings Inc		300		40
Tyson Foods Inc, Cl A		2,695		156
Vitasoy International Holdings Ltd		24,000		73
Walgreens Boots Alliance Inc		2,079		95
Walmart Inc		780		89
Welcia Holdings		900		63

				4,906
Energy — 0.1%
Apache Corp		8,822		37
Baker Hughes Co, Cl A		9,310		98
Cabot Oil & Gas Corp		4,845		83
Chevron Corp		2,582		187
Cimarex Energy Co		1,660		28
Concho Resources Inc		2,732		117
ConocoPhillips		4,768		147
Devon Energy Corp		10,870		75
Diamondback Energy Inc, Cl A		3,852		101
EOG Resources Inc		2,545		91
Exxon Mobil Corp		3,012		115
Halliburton Co		12,400		85
Helmerich & Payne Inc		7,943		124
Hess Corp		3,884		129
HollyFrontier Corp		3,466		85
Keyera		8,586		79
Kinder Morgan Inc/DE		9,553		133
Marathon Oil Corp		24,645		81


166		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Marathon Petroleum Corp		4,321	$	102
National Oilwell Varco Inc, Cl A		9,602		94
Noble Energy Inc		11,782		71
Occidental Petroleum Corp		9,813		114
ONEOK Inc		7,957		174
Ovintiv		6,164		17
Parkland Fuel Corp		6,673		116
Phillips 66		1,981		106
Pioneer Natural Resources Co		1,705		120
Schlumberger Ltd, Cl A		7,723		104
TechnipFMC PLC		11,797		79
Valero Energy Corp		3,068		139
Williams Cos Inc/The		15,655		222

				3,253
Financials — 0.1%
Allstate Corp/The		963		88
American International Group Inc		1,882		46
Ameriprise Financial Inc		614		63
Aon PLC/UK		234		38
Assurant Inc		976		101
Bank of America Corp		1,088		23
Bank of New York Mellon Corp/The		1,593		54
Bankinter SA		7,228		27
BlackRock Inc		75		33
Capital One Financial Corp		1,140		58
Cboe Global Markets Inc		436		39
Charles Schwab Corp/The		1,358		46
Chubb Ltd		198		22
Cincinnati Financial Corp		315		24
Citizens Financial Group Inc		2,888		54
Comerica Inc		1,435		42
Dai-ichi Life Holdings		8,300		100
Discover Financial Services		1,159		41
E*TRADE Financial Corp		1,012		35
Fifth Third Bancorp		3,964		59
Franklin Resources Inc		2,773		46
Globe Life Inc		870		62
Goldman Sachs Group Inc/The		156		24
Hartford Financial Services Group Inc/The		671		24
Huntington Bancshares Inc/OH		2,954		24
iA Financial Corp Inc		540		17
Intercontinental Exchange Inc		482		39
Invesco Ltd		6,593		60
Japan Post Holdings Co Ltd		13,200		103
JPMorgan Chase & Co		293		27
KeyCorp		2,956		31
Lincoln National Corp		1,000		26
Loews Corp		1,583		55
M&T Bank Corp		598		62
MetLife Inc		351		11
Morgan Stanley		1,873		64
MSCI Inc, Cl A		231		67



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Nasdaq Inc, Cl A		368	$	35
Nomura Holdings		3,700		16
Northern Trust Corp		370		28
PNC Financial Services Group Inc/The		607		58
Principal Financial Group Inc, Cl A		1,498		47
Progressive Corp/The		445		33
Prudential Financial Inc		736		38
Raymond James Financial Inc		1,182		75
Regions Financial Corp		3,285		29
Sompo Holdings		4,400		136
Sony Financial Holdings Inc		1,000		17
State Street Corp		770		41
SVB Financial Group, Cl B *		177		27
Synchrony Financial		3,561		57
T Rowe Price Group Inc		327		32
Tokio Marine Holdings Inc		3,400		156
Travelers Cos Inc/The		101		10
Unum Group		254		4
US Bancorp		2,336		80
Wells Fargo & Co		1,955		56
Willis Towers Watson PLC		490		83

				2,793
Health Care — 0.1%
Abbott Laboratories		643		51
AbbVie Inc		717		55
ABIOMED Inc *		280		41
Agilent Technologies Inc		1,033		74
Alcon Inc *		715		37
Alexion Pharmaceuticals Inc *		503		45
Align Technology Inc *		314		55
Allergan PLC		290		51
AmerisourceBergen Corp, Cl A		414		37
Amgen Inc, Cl A		267		54
Anthem Inc		269		61
Baxter International Inc		600		49
Becton Dickinson and Co		173		40
Biogen Inc *		142		45
Boston Scientific Corp *		1,661		54
Bristol-Myers Squibb Co		998		56
Cardinal Health Inc		838		40
Centene Corp *		959		57
Cerner Corp		850		53
Cooper Cos Inc/The, Cl A		227		63
Cronos Group Inc *		8,384		47
CVS Health Corp		1,091		65
Danaher Corp, Cl A		606		84
DaVita Inc *		645		49
DENTSPLY SIRONA Inc		1,707		66
Edwards Lifesciences Corp, Cl A *		312		59
Envista Holdings Corp *		697		10
Gilead Sciences Inc		626		47
HCA Healthcare Inc		692		62


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		167

CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

Multi-Asset Accumulation Fund (Continued)



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Henry Schein Inc *		950	$	48
Hologic Inc *		3,960		139
Humana Inc		183		57
IDEXX Laboratories Inc *		259		63
Illumina Inc *		236		64
Incyte Corp *		698		51
Intuitive Surgical Inc *		130		64
Johnson & Johnson		209		27
Laboratory Corp of America Holdings *		1,268		160
McKesson Corp		1,112		150
Medtronic PLC		1,787		161
Mettler-Toledo International Inc *		80		55
Mylan NV *		3,267		49
Nektar Therapeutics, Cl A *		28		—
Nippon Shinyaku		1,100		87
PeptiDream Inc *		3,300		115
PerkinElmer Inc		728		55
Perrigo Co PLC		1,086		52
Pfizer Inc		1,313		43
Quest Diagnostics Inc		658		53
Stryker Corp		346		58
UnitedHealth Group Inc		200		50
Universal Health Services Inc, Cl B		1,151		114
Varian Medical Systems Inc *		434		45
Vertex Pharmaceuticals Inc *		242		58
Waters Corp *		259		47
Zimmer Biomet Holdings Inc		639		65
Zoetis Inc, Cl A		653		77

				3,514
Industrials — 0.2%
3M Co		198		27
AerCap Holdings NV *		2,475		56
Allegion plc		654		60
American Airlines Group Inc		2,578		31
AMETEK Inc		926		67
AO Smith Corp		798		30
Arconic Inc		3,393		54
BAE Systems PLC		4,102		27
Boeing Co/The *		456		68
CH Robinson Worldwide Inc		631		42
Cintas Corp		318		55
Copart Inc *		726		50
Cummins Inc		289		39
Delta Air Lines Inc, Cl A *		1,741		50
Dover Corp		565		47
Eaton Corp PLC		402		31
Electrolux Professional, Cl B *		10,068		29
Emerson Electric Co		986		47
Equifax Inc		349		42
Expeditors International of Washington Inc		870		58
Fastenal Co, Cl A		1,178		37
Flowserve Corp		3,192		76



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Fluor Corp		3,126	$	22
Fortive Corp		1,754		97
Fortune Brands Home & Security Inc		1,293		56
General Dynamics Corp		849		112
General Electric Co		5,173		41
Honeywell International Inc		255		34
Huntington Ingalls Industries Inc, Cl A		189		34
IHS Markit Ltd		978		59
Illinois Tool Works Inc		606		86
Ingersoll Rand Inc *		1,458		36
ITOCHU Corp		3,700		77
Jacobs Engineering Group Inc		539		43
JB Hunt Transport Services Inc		390		36
Johnson Controls International plc		3,007		81
Kansas City Southern		477		61
Komatsu Ltd		7,000		115
Kubota		900		12
L3Harris Technologies Inc		261		47
Lockheed Martin Corp		122		41
Masco Corp		1,288		45
Nagoya Railroad Co Ltd		500		14
Nielsen Holdings PLC		2,219		28
Norfolk Southern Corp		347		51
Northrop Grumman Corp		109		33
PACCAR Inc		370		23
Parker-Hannifin Corp, Cl A		549		71
Pentair PLC		1,382		41
Quanta Services Inc		1,182		38
Raytheon Co		282		37
Robert Half International Inc		845		32
Rockwell Automation Inc		289		44
Rollins Inc		1,797		65
Seibu Holdings Inc		10,200		112
Snap-on Inc		986		107
Sohgo Security Services		900		44
Southwest Airlines Co, Cl A		2,241		80
Stanley Black & Decker Inc		854		85
Textron Inc		2,415		64
Thomson Reuters		2,615		176
Trane Technologies PLC		641		53
TransDigm Group Inc *		128		41
United Airlines Holdings Inc *		267		8
United Parcel Service Inc, Cl B		756		71
United Rentals Inc *		374		38
United Technologies Corp		247		23
Verisk Analytics Inc, Cl A		383		53
Waste Management Inc		830		77
Xylem Inc/NY		691		45

				3,712
Information Technology — 0.1%
Accenture PLC, Cl A		813		133
Adobe Inc *		91		29


168		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Advanced Micro Devices Inc *		919	$	42
Akamai Technologies Inc *		358		33
Alliance Data Systems Corp		1,260		42
Analog Devices Inc		376		34
Applied Materials Inc		1,274		58
Arista Networks Inc *		175		35
Autodesk Inc, Cl A *		232		36
Automatic Data Processing Inc		119		16
Broadcom Inc		192		46
Cadence Design Systems Inc *		2,281		151
CGI Inc, Cl A *		2,066		111
Check Point Software Technologies Ltd *		1,215		122
Cisco Systems Inc		480		19
Citrix Systems Inc		135		19
Cognizant Technology Solutions Corp, Cl A		2,178		101
Corning Inc, Cl B		4,549		93
Disco		600		119
DXC Technology Co		3,751		49
F5 Networks Inc, Cl A *		250		27
Fidelity National Information Services Inc,
Cl B		1,370		167
Fiserv Inc, Cl A *		198		19
FleetCor Technologies Inc *		390		73
FLIR Systems Inc		2,599		83
Fortinet Inc *		468		47
Gartner Inc *		1,047		104
Global Payments Inc		249		36
Hewlett Packard Enterprise Co		8,829		86
HP Inc		1,583		27
Intel Corp		601		32
International Business Machines Corp		199		22
Intuit Inc		640		147
Juniper Networks Inc		1,507		29
KLA Corp		528		76
Microchip Technology Inc		571		39
Microsoft Corp		183		29
Motorola Solutions Inc		235		31
NetApp Inc		725		30
NortonLifeLock Inc		2,142		40
NVIDIA Corp		176		46
Oracle Corp, Cl B		2,724		132
Paychex Inc		2,240		141
Qorvo Inc *		680		55
QUALCOMM Inc		792		54
Ricoh Co Ltd		5,000		37
salesforce.com Inc *		158		23
Seagate Technology PLC		779		38
Skyworks Solutions Inc		696		62
Square Enix Holdings Co Ltd		1,800		80
Synopsys Inc *		211		27
Texas Instruments Inc		282		28
Tokyo Electron		200		37



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
VeriSign Inc *		681	$	123
Western Digital Corp		1,138		47
Western Union Co/The		1,372		25
WiseTech Global		10,921		114
Yokogawa Electric		2,300		28

				3,529
Materials — 0.1%
Air Products & Chemicals Inc		580		116
Albemarle Corp		1,355		76
Amcor PLC		14,988		122
Avery Dennison Corp		1,153		117
Celanese Corp, Cl A		628		46
CF Industries Holdings Inc		4,697		128
Corteva Inc		6,222		146
Dow Inc		4,197		123
DuPont de Nemours Inc		2,966		101
Eastman Chemical Co		2,097		98
Ecolab Inc		767		119
FMC Corp		1,834		150
Freeport-McMoRan Inc, Cl B *		16,968		115
International Flavors & Fragrances Inc		945		96
JFE Holdings		14,700		96
Kirkland Lake Gold Ltd		1,483		43
Linde PLC		660		114
Livent Corp *		789		4
LyondellBasell Industries NV, Cl A		2,049		102
Martin Marietta Materials Inc, Cl A		696		132
Mitsubishi Materials Corp		1,100		22
Mosaic Co/The		13,758		149
Newmont Corp		3,316		150
Nippon Paint Holdings		800		42
Nissan Chemical		1,600		58
Nucor Corp		2,612		94
Packaging Corp of America		1,034		90
PPG Industries Inc		1,382		116
Sealed Air Corp		4,758		118
Sherwin-Williams Co/The, Cl A		276		127
Vulcan Materials Co		1,428		154
West Fraser Timber Co Ltd, Cl O		901		17
Westrock Co		3,440		97

				3,278
Real Estate — 0.1%
Alexandria Real Estate Equities Inc ^‡		1,025		141
Apartment Investment & Management Co, Cl A ^‡		725		25
Boston Properties Inc ^‡		114		11
Digital Realty Trust Inc, Cl A ^‡		245		34
Duke Realty Corp ^‡		897		29
Equinix Inc ^‡		66		41
Equity Residential ^‡		1,670		103
Essex Property Trust Inc ^‡		150		33


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		169

CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

Multi-Asset Accumulation Fund (Continued)



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Federal Realty Investment Trust ^‡		1,020	$	76
Healthpeak Properties Inc ^‡		1,687		40
Host Hotels & Resorts Inc ^‡		2,919		32
Iron Mountain Inc ^‡		1,336		32
Kimco Realty Corp ^‡		3,196		31
Macerich Co/The ^‡		1,962		11
Mid-America Apartment Communities Inc ^‡		1,107		114
Orix JREIT Inc ^‡		51		67
Prologis Inc ^‡		549		44
Realty Income Corp ^‡		2,310		115
Regency Centers Corp ^‡		515		20
SBA Communications Corp, Cl A ^‡		152		41
Simon Property Group Inc ^‡		848		47
SL Green Realty Corp ^‡		1,090		47
UDR Inc ^‡		499		18
Ventas Inc ^‡		1,661		45
Vonovia SE ^‡		1,105		54
Vornado Realty Trust ^‡		747		27
Welltower Inc ^‡		1,515		69
Weyerhaeuser Co ^‡		1,020		17

				1,364
Utilities — 0.3%
AES Corp/VA		25,990		353
Alliant Energy Corp		4,740		229
Ameren Corp		2,925		213
American Electric Power Co Inc		2,314		185
American Water Works Co Inc		1,287		154
CenterPoint Energy Inc		15,694		242
CMS Energy Corp		3,677		216
Consolidated Edison Inc		2,637		206
Dominion Energy Inc		2,939		212
DTE Energy Co		5,956		566
Duke Energy Corp		2,840		230
Edison International		4,212		231
Entergy Corp		2,469		232
Evergy Inc		3,708		204
Eversource Energy		2,345		183
Exelon Corp		5,763		212
FirstEnergy Corp		5,862		235
NextEra Energy Inc		972		234
NiSource Inc		9,673		242
NRG Energy Inc		8,435		230
Pinnacle West Capital Corp		3,415		259
PPL Corp		9,644		238
Public Service Enterprise Group Inc		5,156		232
Sempra Energy		1,972		223
Southern Co/The		3,567		193
WEC Energy Group Inc		2,332		205



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Xcel Energy Inc		3,518	$	212

				6,371

Total Common Stock (Cost $41,808) ($ Thousands)				39,798

EXCHANGE TRADED FUND — 0.6%

iShares iBoxx $ Investment Grade Corporate Bond ETF		130,327		16,097

Total Exchange Traded Fund (Cost $14,921) ($ Thousands)				16,097

PREFERRED STOCK — 0.0%

Consumer Discretionary — 0.0%
Porsche Automobil Holding SE, 0.000% (E)		342		14
Volkswagen AG, 0.000% (E)		220		26

				40
Materials — 0.0%
FUCHS PETROLUB SE, 0.000% (E)		1,520		54

Total Preferred Stock (Cost $139) ($ Thousands)				94

	Number of Rights
*RIGHTS — 0.0%**
Celgene Corp ^‡‡		604		2

Total Rights (Cost $1) ($ Thousands)				2

Total Investments in Securities — 54.9% (Cost $1,370,724) ($ Thousands)			$	1,376,248


170		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

A list of the open futures contracts held by the Fund at March 31, 2020, is as follows:



Type of Contract	Number of Contracts Long (Short)			Expiration Date			Notional Amount (Thousands)				Value (Thousands)				Unrealized Appreciation (Depreciation) (Thousands)
Amsterdam Index		34			Apr-2020	$		3,066		$		3,601		$		451
Australian 10-Year Bond		1,469			Jun-2020			142,227				135,415				(235	)
Bloomberg Commodity Index		755			Jun-2020			4,849				4,681				(168	)
Brent Crude^		76			Jun-2020			2,539				2,254				(285	)
Brent Crude^		270			Jun-2020			7,996				8,008				12
Canadian 10-Year Bond		1,292			Jun-2020			136,614				133,562				4,915
Coffee C^		(57	)		Jul-2020			(2,348	)			(2,572	)			(224	)
Coffee C		92			May-2020			3,524				4,124				600
Coffee C^		21			Jul-2020			822				948				125
Copper		33			May-2020			2,139				1,838				(301	)
Corn		343			May-2020			6,607				5,844				(763	)
Corn^		72			Jul-2020			1,255				1,246				(9	)
Corn^		(336	)		Jul-2020			(6,045	)			(5,813	)			233
Cotton No. 2		21			May-2020			720				537				(183	)
Cotton No. 2^		(21	)		Jul-2020			(652	)			(534	)			118
Cotton No. 2^		48			Jul-2020			1,348				1,222				(127	)
DAX Index		12			Jun-2020			2,764				3,261				420
Euro STOXX 50		250			Jun-2020			6,513				7,535				900
Euro-Bob		510			Jun-2020			76,193				75,663				(367	)
Euro-BTP		289			Jun-2020			46,336				44,842				(1,488	)
Euro-Bund		1,401			Jun-2020			266,866				265,190				(1,615	)
Euro-Buxl		78			Jun-2020			18,571				17,964				(554	)
Feeder Cattle^		8			Aug-2020			510				516				6
Feeder Cattle^		28			May-2020			1,615				1,721				105
FTSE 100 Index		80			Jun-2020			4,794				5,590				472
FTSE MIB Index		49			Jun-2020			3,932				4,550				558
Gasoline		82			May-2020			5,211				2,041				(3,170	)
Gasoline^		96			May-2020			2,696				2,657				(39	)
Gold^		113			Jun-2020			18,426				18,042				(384	)
Gold^		33			Jun-2020			4,913				5,269				356
Hang Seng China Enterprises Index		15			May-2020			907				932				25
Hang Seng Index		45			May-2020			6,733				6,886				151
IBEX		123			Apr-2020			8,348				9,128				670
Japanese 10-Year Bond		173			Jun-2020			251,890				244,496				(2,322	)
Japanese 10-Year Government Bond E-MINI		2,207			Jun-2020			328,047				312,073				(4,367	)
KC HRW Wheat^		(37	)		Jul-2020			(832	)			(924	)			(93	)
KC HRW Wheat^		45			May-2020			1,082				1,109				27
KOSPI 200 Index		20			Jun-2020			939				969				27
Lean Hogs^		45			Jun-2020			1,331				1,086				(245	)
Live Cattle		83			Jul-2020			3,950				3,057				(893	)
LME Copper^		64			Jun-2020			9,374				7,921				(1,452	)
LME Lead^		8			Jun-2020			384				349				(35	)
LME Nickel		20			Jun-2020			1,522				1,378				(144	)
LME Primary Aluminum		160			Jun-2020			6,766				6,090				(676	)
LME Zinc		61			Jun-2020			3,420				2,905				(515	)
Long Gilt 10-Year Bond		1,174			Jun-2020			203,563				198,253				2,476
Low Sulphur Gasoil^		134			Jun-2020			4,403				4,043				(360	)
MSCI Emerging Markets		1,539			Jun-2020			61,887				64,861				2,974
Natural Gas^		149			May-2020			2,612				2,616				4
NY Harbor ULSD^		138			Jun-2020			6,106				5,898				(208	)
NYMEX Cocoa^		79			Jul-2020			2,186				1,785				(401	)
NYMEX Cocoa^		2			Jul-2020			45				45				–
OMX Stockholm 30		189			Apr-2020			2,491				2,823				211


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		171

CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

Multi-Asset Accumulation Fund (Continued)



Type of Contract	Number of Contracts Long (Short)			Expiration Date			Notional Amount (Thousands)				Value (Thousands)				Unrealized Appreciation (Depreciation) (Thousands)
Russell 2000 Index E-MINI		1,019			Jun-2020	$		52,898		$		58,470		$		5,572
S&P - Goldman Sachs Commodity Index^		183			Apr-2020			14,103				11,614				(2,490	)
S&P 500 Index E-MINI		417			Jun-2020			50,095				53,578				3,483
S&P 500 Index E-MINI		568			Jun-2020			75,142				72,979				(2,163	)
S&P Mid Cap 400 Index E-MINI		33			Jun-2020			4,546				4,745				199
S&P TSX 60 Index		56			Jun-2020			5,686				6,407				625
Silver^		15			Aug-2020			1,070				1,064				(6	)
Silver		83			May-2020			7,096				5,875				(1,222	)
Soybean^		23			Jun-2020			1,022				1,023				1
Soybean Meal		10			May-2020			302				322				19
Soybean Meal^		22			Jul-2020			701				702				–
Soybean Meal^		52			Jul-2020			1,668				1,658				(10	)
Soybean Oil^		104			Jul-2020			1,650				1,707				58
Soybean Oil		1			May-2020			19				16				(3	)
SPI 200 Index		95			Jun-2020			6,761				7,427				383
Sugar No. 11^		99			Jul-2020			1,162				1,164				2
Sugar No. 11^		963			May-2020			15,973				11,239				(4,735	)
Sugar No. 11^		(920	)		Jul-2020			(12,254	)			(10,819	)			1,435
TOPIX Index		137			Jun-2020			17,463				17,805				573
U.S. 2-Year Treasury Note		895			Jul-2020			197,288				197,243				(45	)
U.S. 5-Year Interest Rate Swap		667			Jun-2020			69,307				69,279				(28	)
U.S. 10-Year Interest Rate Swap		659			Jun-2020			70,036				69,349				(687	)
U.S. 10-Year Treasury Note		3,797			Jun-2020			507,448				526,596				19,148
U.S. Long Treasury Bond		381			Jun-2020			64,917				68,223				3,306
Wheat^		49			Jul-2020			1,347				1,378				31
Wheat^		192			May-2020			5,245				5,460				215
Wheat^		(31	)		Jul-2020			(804	)			(872	)			(68	)
						$		2,831,042		$		2,810,613		$		17,806

A list of the open forward foreign currency contracts held by the Fund at March 31, 2020, is as follows:



Counterparty	Settlement Date			Currency to Deliver (Thousands)			Currency to Receive (Thousands)			Unrealized Appreciation (Depreciation) (Thousands)
Barclays PLC		05/28/20	GBP		48,399	USD		56,762	$		(3,302	)
Barclays PLC		05/28/20	EUR		70,125	USD		75,141			(1,958	)
BNP Paribas		05/28/20	USD		22,735	EUR		21,000			354
BNYMellon		04/29/20	CHF		1,800	USD		1,860			(4	)
BNYMellon		04/29/20	EUR		11,300	USD		12,421			10
Brown Brothers Harriman		04/29/20	AUD		96	USD		58			—
Citigroup		06/17/20	USD		672	CLP		560,400			(13	)
Citigroup		06/17/20	USD		3,499	HUF		1,076,150			(214	)
Citigroup		06/17/20	USD		57	BRL		300			—
Citigroup		06/17/20	USD		11,755	BRL		53,300			(1,526	)
Citigroup		06/17/20	USD		15,117	PLN		58,850			(941	)
Citigroup		06/17/20	USD		1,270	RUB		102,250			24
Citigroup		06/17/20	USD		14,237	RUB		947,900			(2,237	)
Citigroup		06/17/20	USD		17,891	CZK		415,450			(1,209	)
Citigroup		06/17/20	USD		21,419	CNH		150,150			(243	)
Citigroup		06/17/20	USD		22,274	ZAR		346,950			(3,037	)
Citigroup		06/17/20	GBP		28,727	USD		37,187			1,528
Citigroup		06/17/20	USD		5,060	KRW		6,151,467			3
Citigroup		06/17/20	USD		24,024	KRW		28,782,233			(335	)


172		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020



Counterparty	Settlement Date			Currency to Deliver (Thousands)			Currency to Receive (Thousands)			Unrealized Appreciation (Depreciation) (Thousands)
Citigroup		06/17/20	USD		39,376	INR		2,883,050	$		(1,813	)
Citigroup		06/17/20	USD		1,179	MXN		29,150			50
Citigroup		06/17/20	USD		39,031	MXN		764,700			(6,799	)
Citigroup		06/17/20	BRL		47,050	USD		9,838			809
Citigroup		06/17/20	PLN		42,300	USD		10,663			474
Citigroup		06/17/20	PLN		7,600	USD		1,795			(36	)
Citigroup		06/17/20	USD		43,242	GBP		36,996			2,683
Citigroup		06/17/20	USD		17,331	GBP		13,559			(499	)
Citigroup		06/17/20	CNH		96,850	USD		13,842			184
Citigroup		06/17/20	CNH		15,000	USD		2,108			(7	)
Citigroup		06/17/20	CLP		155,700	USD		183			—
Citigroup		06/17/20	EUR		87,439	USD		97,910			1,705
Citigroup		06/17/20	EUR		95,817	USD		104,394			(1,029	)
Citigroup		06/17/20	USD		63,538	EUR		58,511			839
Citigroup		06/17/20	USD		137,205	EUR		122,536			(2,384	)
Citigroup		06/17/20	ZAR		295,100	USD		18,218			1,856
Citigroup		06/17/20	CZK		401,150	USD		17,265			1,158
Citigroup		06/17/20	CZK		14,300	USD		561			(13	)
Citigroup		06/17/20	MXN		484,400	USD		22,715			2,298
Citigroup		06/17/20	MXN		131,000	USD		5,341			(181	)
Citigroup		06/17/20	RUB		900,150	USD		12,811			1,416
Citigroup		06/17/20	RUB		75,950	USD		953			(9	)
Citigroup		06/17/20	HUF		1,076,150	USD		3,603			319
Citigroup		06/17/20	INR		1,776,450	USD		23,693			548
Citigroup		06/17/20	INR		595,650	USD		7,670			(90	)
Citigroup		06/17/20	KRW		14,883,250	USD		12,358			109
Citigroup		06/17/20	KRW		10,743,450	USD		8,689			(152	)
JPMorgan Chase Bank		04/30/20	JPY		1,944,800	USD		17,711			(337	)
JPMorgan Chase Bank		06/17/20	USD		672	CLP		560,400			(14	)
JPMorgan Chase Bank		06/17/20	USD		3,499	HUF		1,076,150			(215	)
JPMorgan Chase Bank		06/17/20	USD		57	BRL		300			—
JPMorgan Chase Bank		06/17/20	USD		11,755	BRL		53,300			(1,527	)
JPMorgan Chase Bank		06/17/20	USD		15,117	PLN		58,850			(942	)
JPMorgan Chase Bank		06/17/20	USD		1,270	RUB		102,250			24
JPMorgan Chase Bank		06/17/20	USD		14,237	RUB		947,900			(2,238	)
JPMorgan Chase Bank		06/17/20	USD		17,891	CZK		415,450			(1,209	)
JPMorgan Chase Bank		06/17/20	USD		21,419	CNH		150,150			(244	)
JPMorgan Chase Bank		06/17/20	USD		22,274	ZAR		346,950			(3,037	)
JPMorgan Chase Bank		06/17/20	GBP		28,727	USD		37,187			1,527
JPMorgan Chase Bank		06/17/20	USD		5,060	KRW		6,151,467			3
JPMorgan Chase Bank		06/17/20	USD		24,024	KRW		28,782,233			(336	)
JPMorgan Chase Bank		06/17/20	USD		39,376	INR		2,883,050			(1,813	)
JPMorgan Chase Bank		06/17/20	USD		1,179	MXN		29,150			50
JPMorgan Chase Bank		06/17/20	USD		39,031	MXN		764,700			(6,800	)
JPMorgan Chase Bank		06/17/20	BRL		47,050	USD		9,838			809
JPMorgan Chase Bank		06/17/20	PLN		42,300	USD		10,663			474
JPMorgan Chase Bank		06/17/20	PLN		7,600	USD		1,795			(36	)
JPMorgan Chase Bank		06/17/20	USD		9,748	EUR		9,000			154
JPMorgan Chase Bank		06/17/20	USD		92,515	EUR		82,400			(1,853	)


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		173

CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

Multi-Asset Accumulation Fund (Continued)



Counterparty	Settlement Date			Currency to Deliver (Thousands)			Currency to Receive (Thousands)			Unrealized Appreciation (Depreciation) (Thousands)
JPMorgan Chase Bank		06/17/20	CNH		96,850	USD		13,842	$		183
JPMorgan Chase Bank		06/17/20	CNH		15,000	USD		2,108			(8	)
JPMorgan Chase Bank		06/17/20	CLP		155,700	USD		183			—
JPMorgan Chase Bank		06/17/20	EUR		87,439	USD		97,910			1,705
JPMorgan Chase Bank		06/17/20	EUR		95,817	USD		104,394			(1,029	)
JPMorgan Chase Bank		06/17/20	ZAR		295,100	USD		18,218			1,856
JPMorgan Chase Bank		06/17/20	CZK		401,150	USD		17,265			1,157
JPMorgan Chase Bank		06/17/20	CZK		14,300	USD		561			(13	)
JPMorgan Chase Bank		06/17/20	MXN		484,400	USD		22,715			2,298
JPMorgan Chase Bank		06/17/20	MXN		131,000	USD		5,341			(181	)
JPMorgan Chase Bank		06/17/20	RUB		900,150	USD		12,811			1,415
JPMorgan Chase Bank		06/17/20	RUB		75,950	USD		953			(9	)
JPMorgan Chase Bank		06/17/20	HUF		1,076,150	USD		3,603			319
JPMorgan Chase Bank		06/17/20	INR		1,776,450	USD		23,693			548
JPMorgan Chase Bank		06/17/20	INR		595,650	USD		7,670			(91	)
JPMorgan Chase Bank		06/17/20	KRW		14,883,250	USD		12,358			109
JPMorgan Chase Bank		06/17/20	KRW		10,743,450	USD		8,689			(153	)
State Street		04/29/20	GBP		3,100	USD		3,726			(119	)
State Street		04/29/20	AUD		5,300	USD		3,198			(46	)
State Street		04/29/20	CAD		10,400	USD		7,378			68
State Street		04/29/20	HKD		16,200	USD		2,088			(2	)
State Street		05/28/20	USD		25,914	GBP		22,000			1,388
									$		(19,829	)

A list of the open OTC swap agreements held by the Fund at March 31, 2020 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

($ Thousands)

Net
Unrealized
Appreciation
(Depreciation)
($Thousands)

Citigroup

Bovespa Index

Negative Price
Return

Positive Price
Return

At Maturity

4/15/2020

BRL

1,350

(363

)

–

(363

)

JPMorgan Chase

Bovespa Index

Negative Price
Return

Positive Price
Return

At Maturity

4/15/2020

BRL

1,324

(440

)

–

(440

)

Bank of America

Taiwan Index
(TAIEX)

Negative Price
Return

Positive Price
Return

At Maturity

4/15/2020

TWD

3,952

–

JPMorgan Chase

Taiwan Index
(TAIEX)

Negative Price
Return

Positive Price
Return

At Maturity

4/15/2020

TWD

1,795

–

Citigroup

Taiwan Index
(TAIEX)

Negative Price
Return

Positive Price
Return

At Maturity

4/15/2020

TWD

2,968

–

JPMorgan Chase

Hang Seng
Index

Negative Price
Return

Positive Price
Return

At Maturity

4/28/2020

HKD

15,546

176

–

176

Citigroup

Sugar No. 11

Negative Price
Return

Positive Price
Return

At Maturity

4/30/2020

USD

)

–

)

Bank of America

Sugar No. 11

Negative Price
Return

Positive Price
Return

At Maturity

4/30/2020

USD

134

(40

)

–

(40

)

Bank of America

SGX Nifty 50

Negative Price
Return

Positive Price
Return

At Maturity

5/3/2020

USD

2,476

233

–

233

Citigroup

Cotton No. 2

Negative Price
Return

Positive Price
Return

At Maturity

5/7/2020

USD

476

(119

)

–

(119

)

Citigroup

Wheat

Negative Price
Return

Positive Price
Return

At Maturity

5/14/2020

USD

4,513

–

Bank of America

Lean Hogs

Negative Price
Return

Positive Price
Return

At Maturity

6/12/2020

USD

)

–

)

JPMorgan Chase

KOSPI Index

Negative Price
Return

Positive Price
Return

At Maturity

6/14/2020

KRW

8,046

(810

)

–

(810

)

Bank of America

Live Cattle

Negative Price
Return

Positive Price
Return

At Maturity

6/30/2020

USD

2,567

(247

)

–

(247

)

Citigroup

Wheat

Negative Price
Return

Positive Price
Return

At Maturity

7/16/2020

USD

(3,256

)

(373

)

–

(373

)

Citigroup

NYMEX
Cocoa

Negative Price
Return

Positive Price
Return

At Maturity

7/19/2020

USD

)

–

)

Citigroup

Cotton No. 2

Negative Price
Return

Positive Price
Return

At Maturity

7/23/2020

USD

(436

)

–

(1,761

)

–

(1,761

)


174		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

A list of the open centrally cleared swap agreements held by the Fund at March 31, 2020 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 (Thousands)
3 MONTH USD - LIBOR	1.00%	Semi-Annually	06/17/2022	USD		124,025	$	1,635	$	(906	)	$	2,541
3 MONTH USD - LIBOR	1.50%	Semi-Annually	09/16/2022	USD		362,302		8,342		7,257			1,085
3 MONTH USD - LIBOR	1.25%	Semi-Annually	06/17/2025	USD		138,850		5,305		(2,860	)		8,165
							$	15,282	$	3,491		$	11,791

Percentages are based on Net Assets of $2,506,240 ($ Thousands).

* Non-income producing security.

‡ Real Estate Investment Trust.

‡‡ Expiration date not available.

^ Futures and swap contracts held by the Accumulation Commodity Strategy Subsidiary, Ltd. as of March 31, 2020.

(A) Security, or a portion thereof, is held by the Accumulation Commodity Strategy Subsidiary, Ltd. as of March 31, 2020.

(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 March 31, 2020, the value of these securities amounted to $24,088 ($ Thousands), representing 1.0% of the Net Assets of the Fund.

(D) Securities considered illiquid. The total value of such securities as of March 31, 2020 was $48 ($ Thousands) and represented 0.0% of the Net Assets of the Fund.

(E) There is currently no rate available.

NYMEX — New York Mercantile Exchange

OMX — Offset Market Exchange

PLC — Public Limited Company

PLN — Polish Zloty

RUB — Russian Ruble

S&P— Standard & Poor’s

SGX — Singapore Exchange

SPI — Share Price Index

TOPIX - Tokyo Price Index

TSX — Toronto Stock Exchange

TWD — Taiwan Dollar

USD — U.S. Dollar

VAR — Variable Rate

ZAR — South African Rand

ADR — American Depositary Receipt

AUD — Australian Dollar

BRL — Brazilian Real

CAD — Canadian Dollar

CHF — Swiss Franc

Cl — Class

CLP — Chilean Peso

CNH — Chinese Yuan Offshore

CZK — Czech Koruna

DAX — German Stock Index

ETF — Exchange-Traded Fund

EUR — Euro

FTSE— Financial Times Stock Exchange

GBP — British Pound Sterling

HKD — Hong Kong Dollar

HUF — Hungarian Forint

IBEX — Spanish Stock Exchange Index

ICE— Intercontinental Exchange

INR — Indian Rupee

JPY — Japanese Yen

KC HRW — Kansas City Hard Red Winter

KOSPI — Korea Composite Stock Price Index

KRW — Korean Won

LIBOR— London Interbank Offered Rate

LLC — Limited Liability Company

LME — London Metal Exchange

Ltd. — Limited

MSCI — Morgan Stanley Capital International

MTN — Medium Term Note

MXN — Mexican Peso


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		175

CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

Multi-Asset Accumulation Fund (Concluded)

The following is a list of the level of inputs used as of March 31, 2020, in valuing the Fund’s investments and other financial instruments carried at value ($ Thousands):



Investments in Securities	Level 1 ($)			Level 2 ($)			Level 3 ($)⁽¹⁾		Total ($)
U.S. Treasury Obligations		–			1,014,657			–		1,014,657
Sovereign Debt		6,596			187,718			–		194,314
Corporate Obligations		–			60,802			–		60,802
Foreign Common Stock		50,398			86			–		50,484
Common Stock		39,798			–			–		39,798
Exchange Traded Fund		16,097			–			–		16,097
Preferred Stock		94			–			–		94
Rights		2			–			–		2
Total Investments in Securities		112,985			1,263,263			–		1,376,248


Other Financial Instruments	Level 1 ($)			Level 2 ($)			Level 3 ($)		Total ($)
Futures Contracts*
Unrealized Appreciation		50,886			–			–		50,886
Unrealized Depreciation		(33,080	)		–			–		(33,080	)
Forwards Contracts*
Unrealized Appreciation		–			30,454			–		30,454
Unrealized Depreciation		–			(50,283	)		–		(50,283	)
OTC Swaps
Total Return Swaps*
Unrealized Appreciation		–			645			–		645
Unrealized Depreciation		–			(2,406	)		–		(2,406	)
Centrally Cleared Swaps
Interest Rate Swaps*
Unrealized Appreciation		–			11,791			–		11,791
Total Other Financial Instruments		17,806			(9,799	)		–		8,007

* Futures contracts, forward contracts and swap contracts are valued at the unrealized appreciation (depreciation) on the instrument.

(1) One security with a market value of $0.

For the period ended March 31, 2020, there were no transfers in or out of Level 3.

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.


176		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

Multi-Asset Income Fund

LOGO

^†Percentages are based on total investments.



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS — 45.0%

Communication Services — 5.3%

Altice France
10.500%, 05/15/2027 (A)	$	1,180	$	1,245
7.375%, 05/01/2026 (A)		2,200		2,184
AMC Entertainment Holdings
5.750%, 06/15/2025		1,000		420
AMC Networks
5.000%, 04/01/2024		400		384
American Media
10.500%, 12/31/2026		1,420		1,498
AT&T
4.350%, 03/01/2029		700		755
4.250%, 03/01/2027		900		956
4.125%, 02/17/2026		325		344
3.600%, 07/15/2025		1,225		1,298
CCO Holdings
5.000%, 02/01/2028 (A)		1,640		1,644
4.500%, 05/01/2032 (A)		410		400
CenturyLink
5.800%, 03/15/2022		1,200		1,215
5.125%, 12/15/2026 (A)		1,250		1,250
Charter Communications Operating
5.375%, 04/01/2038		250		269
5.125%, 07/01/2049		300		314
4.908%, 07/23/2025		3,200		3,397
Clear Channel Worldwide Holdings
9.250%, 02/15/2024 (A)		426		365
Cogent Communications Group
5.375%, 03/01/2022 (A)		530		533
Comcast
3.400%, 04/01/2030		300		325



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)

Comunicaciones Celulares Via Comcel Trust
6.875%, 02/06/2024	$	200	$	194
Diamond Sports Group
6.625%, 08/15/2027 (A)		500		334
5.375%, 08/15/2026 (A)		330		268
Digicel
6.000%, 04/15/2021		600		323
Digicel Group One
8.250%, 12/30/2022 (A)(B)		61		29
Digicel Group Two
8.250%, 09/30/2022 (A)		263		41
DISH DBS
7.750%, 07/01/2026		2,070		2,127
DISH Network
3.375%, 08/15/2026		490		398
Entercom Media
6.500%, 05/01/2027 (A)		1,050		911
Fox
5.476%, 01/25/2039 (A)		210		243
4.030%, 01/25/2024 (A)		300		312
Frontier Communications
10.500%, 09/15/2022 (B)		595		155
8.500%, 04/01/2026 (A)		800		734
iHeartCommunications
4.750%, 01/15/2028 (A)		420		378
Intelsat Jackson Holdings
9.750%, 07/15/2025 (A)		650		429
Level 3 Financing
5.625%, 02/01/2023		1,150		1,144
Match Group
5.000%, 12/15/2027 (A)		630		602
4.125%, 08/01/2030 (A)		691		618
Mauritius Investments
6.500%, 10/13/2026 (A)		320		305
4.755%, 11/11/2024		400		352
Meredith
6.875%, 02/01/2026		1,225		1,075
Millicom International Cellular
6.625%, 10/15/2026 (A)		440		418
6.250%, 03/25/2029 (A)		530		474
5.125%, 01/15/2028 (A)		280		243
Netflix
6.375%, 05/15/2029		680		741
4.875%, 04/15/2028		800		824
4.875%, 06/15/2030 (A)		150		152
Nexstar Broadcasting
5.625%, 08/01/2024 (A)		1,150		1,082
Outfront Media Capital
5.000%, 08/15/2027 (A)		145		133
Scripps (Escrow Security)
5.875%, 07/15/2027 (A)		450		396


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		177

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

Multi-Asset Income Fund (Continued)



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)

Sirius XM Radio
5.375%, 04/15/2025 (A)	$	400	$	404
4.625%, 07/15/2024 (A)		120		122
SoftBank Group
6.000%, VAR USD ICE Swap 11:00 NY 5 Yr+4.226%(C)		200		150
Sprint
7.875%, 09/15/2023		950		1,043
7.250%, 02/01/2028 (A)		210		211
Sprint Capital
8.750%, 03/15/2032		1,160		1,534
6.875%, 11/15/2028		1,620		1,850
Sprint Communications
11.500%, 11/15/2021		650		717
TEGNA
4.625%, 03/15/2028 (A)		1,050		923
Telecom Argentina
6.500%, 06/15/2021 (A)		140		118
Telecom Italia
5.303%, 05/30/2024 (A)		1,950		1,960
Telecom Italia Capital
6.000%, 09/30/2034		500		495
T-Mobile USA
4.750%, 02/01/2028		570		594
0.000%, 03/01/2025 (D)		300		–
0.000%, 01/15/2026 (D)		600		–
Twitter
3.875%, 12/15/2027 (A)		870		837
Verizon Communications
4.329%, 09/21/2028		675		768
				45,957

Consumer Discretionary — 4.3%
Adient US
7.000%, 05/15/2026 (A)		700		647
Allen Media
10.500%, 02/15/2028 (A)		760		622
Allied Universal Holdco
6.625%, 07/15/2026 (A)		580		570
American Axle & Manufacturing
6.500%, 04/01/2027		420		317
Asbury Automotive Group
4.500%, 03/01/2028 (A)		92		78
Banijay Entertainment SASU
5.375%, 03/01/2025 (A)		650		595
Boyd Gaming
4.750%, 12/01/2027 (A)		1,200		990
CalAtlantic Group
5.250%, 06/01/2026		330		306
Carriage Services
6.625%, 06/01/2026 (A)		250		246



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)

CSC Holdings
6.500%, 02/01/2029 (A)	$	2,370	$	2,556
5.750%, 01/15/2030 (A)		1,525		1,538
Dealer Tire
8.000%, 02/01/2028 (A)		657		526
Delphi Technologies
5.000%, 10/01/2025 (A)		560		447
eG Global Finance
6.750%, 02/07/2025 (A)		928		761
ESH Hospitality
4.625%, 10/01/2027 (A)		420		328
Ford Motor Credit
5.875%, 08/02/2021		550		539
3.200%, 01/15/2021		280		270
Ford Motor Credit LLC
3.219%, 01/09/2022		200		186
General Mills
2.875%, 04/15/2030		444		443
General Motors
4.000%, 04/01/2025		250		211
General Motors Financial
5.650%, 01/17/2029		175		152
3.250%, 01/05/2023		950		862
Getty Images
9.750%, 03/01/2027 (A)		100		75
GrubHub Holdings
5.500%, 07/01/2027 (A)		300		265
Hanesbrands
4.875%, 05/15/2026 (A)		320		314
Home Depot
3.350%, 04/15/2050		512		535
iHeartCommunications
6.375%, 05/01/2026		400		378
Installed Building Products
5.750%, 02/01/2028 (A)		450		429
IRB Holding
6.750%, 02/15/2026 (A)		435		343
L Brands
6.694%, 01/15/2027		260		188
5.250%, 02/01/2028		1,440		1,100
Lions Gate Capital Holdings
5.875%, 11/01/2024 (A)		1,080		923
Lowe’s
5.125%, 04/15/2050		341		412
Mattamy Group
4.625%, 03/01/2030 (A)		789		679
Melco Resorts Finance
5.375%, 12/04/2029 (A)		920		791
Michaels Stores
8.000%, 07/15/2027 (A)		480		355
Mohegan Gaming & Entertainment
7.875%, 10/15/2024 (A)		1,340		992


178		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)

National CineMedia
5.750%, 08/15/2026	$	500	$	335
NCL
3.625%, 12/15/2024 (A)		610		389
Newell Brands
4.450%, 04/01/2026		924		907
PetSmart
8.875%, 06/01/2025 (A)		340		308
7.125%, 03/15/2023 (A)		880		819
Sands China
5.125%, 08/08/2025		700		671
Scientific Games International
8.250%, 03/15/2026 (A)		700		448
Shea Homes
4.750%, 02/15/2028 (A)		500		427
Silversea Cruise Finance
7.250%, 02/01/2025 (A)		600		510
Speedway Motorsports
4.875%, 11/01/2027 (A)		350		315
Starbucks
3.800%, 08/15/2025		875		928
Station Casinos
4.500%, 02/15/2028 (A)		837		678
Taylor Morrison Communities
5.875%, 01/31/2025 (A)		470		437
Terrier Media Buyer
8.875%, 12/15/2027 (A)		850		718
Univision Communications
5.125%, 05/15/2023 (A)		2,900		2,566
UPC Holding BV
5.500%, 01/15/2028 (A)		330		310
Viking Cruises
5.875%, 09/15/2027 (A)		800		468
Virgin Media Secured Finance
5.000%, 04/15/2027	GBP	800		943
VOC Escrow
5.000%, 02/15/2028 (A)	$	1,484		1,085
Wendy’s International
7.000%, 12/15/2025		790		786
WW International
8.625%, 12/01/2025 (A)		620		532
Wynn Macau
5.125%, 12/15/2029 (A)		470		395
Yum! Brands
7.750%, 04/01/2025 (A)		197		207
4.750%, 01/15/2030 (A)		454		427
				36,578

Consumer Staples — 2.0%
Albertsons
4.625%, 01/15/2027 (A)		1,150		1,144



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)

Altria Group
5.950%, 02/14/2049	$	300	$	347
4.800%, 02/14/2029		180		187
3.800%, 02/14/2024		775		786
Anheuser-Busch
3.650%, 02/01/2026		2,975		3,119
Anheuser-Busch InBev Worldwide
5.550%, 01/23/2049		640		752
4.750%, 01/23/2029		2,675		2,953
Constellation Brands
4.400%, 11/15/2025		325		328
3.150%, 08/01/2029		600		557
H-Food Holdings
8.500%, 06/01/2026 (A)		500		395
HLF Financing Sarl
7.250%, 08/15/2026 (A)		1,452		1,234
Keurig Dr Pepper
4.597%, 05/25/2028		1,000		1,094
Kraft Heinz Foods
5.000%, 07/15/2035		1,546		1,537
Lindley
4.625%, 04/12/2023		190		181
Performance Food Group
5.500%, 10/15/2027 (A)		450		417
Post Holdings
5.750%, 03/01/2027 (A)		600		615
4.625%, 04/15/2030 (A)		429		411
Prosperous Ray
4.625%, 11/12/2023		500		531
Spectrum Brands
5.000%, 10/01/2029 (A)		75		64
				16,652

Energy — 6.3%
Antero Midstream Partners
5.750%, 03/01/2027 (A)		950		608
5.375%, 09/15/2024		1,060		736
Antero Resources
5.125%, 12/01/2022		1,050		546
Berry Petroleum
7.000%, 02/15/2026 (A)		1,000		400
Blue Racer Midstream
6.625%, 07/15/2026 (A)		290		168
6.125%, 11/15/2022 (A)		930		697
Buckeye Partners
4.350%, 10/15/2024		245		203
4.125%, 12/01/2027		865		709
3.950%, 12/01/2026		860		705
Cheniere Corpus Christi Holdings
7.000%, 06/30/2024		250		219
5.125%, 06/30/2027		850		755


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		179

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

Multi-Asset Income Fund (Continued)



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)

Cheniere Energy Partners
4.500%, 10/01/2029 (A)	$	460	$	400
Chesapeake Energy
7.000%, 10/01/2024		50		4
6.125%, 02/15/2021		370		52
Continental Resources
4.500%, 04/15/2023		650		361
4.375%, 01/15/2028		100		46
Covey Park Energy
7.500%, 05/15/2025 (A)		1,310		852
Crestwood Midstream Partners
5.625%, 05/01/2027 (A)		492		270
DCP Midstream Operating
6.750%, 09/15/2037 (A)		770		416
6.450%, 11/03/2036 (A)		115		55
5.375%, 07/15/2025		1,000		683
Devon Energy
5.850%, 12/15/2025		1,021		807
5.000%, 06/15/2045		200		128
Endeavor Energy Resources
5.750%, 01/30/2028 (A)		320		218
5.500%, 01/30/2026 (A)		630		435
Energy Transfer Operating
4.200%, 09/15/2023		3,225		2,817
Ensign Drilling
9.250%, 04/15/2024 (A)		900		322
Enterprise Products Operating
4.358%, VAR ICE LIBOR USD 3 Month+2.778%, 06/01/2067		395		217
3.750%, 02/15/2025		500		497
3.700%, 02/15/2026		300		299
EQM Midstream Partners
4.750%, 07/15/2023		1,474		1,067
Eterna Capital Pte
8.000%, 12/11/2022		43		22
Exterran Energy Solutions
8.125%, 05/01/2025		700		462
Exxon Mobil
4.327%, 03/19/2050		270		330
Gazprom PJSC Via Gaz Capital
4.950%, 03/23/2027 (A)		500		519
Gazprom PJSC Via Gaz Capital MTN
7.288%, 08/16/2037		300		383
Genesis Energy
7.750%, 02/01/2028		1,860		1,295
GNL Quintero
4.634%, 07/31/2029		400		380
KazMunayGas National JSC
4.750%, 04/19/2027 (A)		1,100		1,051
KazTransGas JSC
4.375%, 09/26/2027 (A)		1,190		1,067



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)

Laredo Petroleum
9.500%, 01/15/2025	$	769	$	308
Lukoil International Finance BV
4.563%, 04/24/2023		220		222
Marathon Petroleum
3.800%, 04/01/2028		325		286
3.625%, 09/15/2024		350		310
MEG Energy
7.125%, 02/01/2027 (A)		1,190		588
7.000%, 03/31/2024 (A)		660		304
Montage Resources
8.875%, 07/15/2023		1,600		1,080
MPLX
4.800%, 02/15/2029		250		220
4.000%, 03/15/2028		950		824
Nabors Industries
5.750%, 02/01/2025		1,180		260
Navios Maritime Acquisition
8.125%, 11/15/2021 (A)		390		203
Newfield Exploration
5.625%, 07/01/2024		650		349
NGL Energy Partners
7.500%, 11/01/2023		1,150		400
NGPL PipeCo
7.768%, 12/15/2037 (A)		1,300		1,294
Noble Energy
3.250%, 10/15/2029		450		263
Noble Holding International
6.050%, 03/01/2041		900		45
Northern Oil and Gas
8.500% cash/0% PIK, 05/15/2023		262		178
NuStar Logistics
6.000%, 06/01/2026		915		677
Oasis Petroleum
6.875%, 03/15/2022		1,110		219
6.875%, 01/15/2023		390		80
Occidental Petroleum
6.600%, 03/15/2046		180		84
5.550%, 03/15/2026		775		410
4.400%, 08/15/2049		300		130
3.142%, VAR ICE LIBOR USD 3 Month+1.450%, 08/15/2022		725		486
2.900%, 08/15/2024		1,495		818
2.684%, VAR ICE LIBOR USD 3 Month+0.950%, 02/08/2021		210		166
2.600%, 08/13/2021		820		645
Petrobras Global Finance BV
5.299%, 01/27/2025		2,390		2,277
Petroleos de Venezuela
6.000%, 10/28/2022 (B)(E)		8,860		399
6.000%, 05/16/2024 (B)(E)		3,790		227
6.000%, 11/15/2026 (B)(E)		1,110		67


180		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
5.500%, 04/12/2037 (B)(E)	$	130	$	8
5.375%, 04/12/2027 (B)(E)		2,570		154
Petroleos Mexicanos
7.690%, 01/23/2050 (A)		466		322
6.950%, 01/28/2060 (A)		207		139
6.625%, 06/15/2035		30		21
6.500%, 03/13/2027		640		472
6.490%, 01/23/2027 (A)		380		281
6.350%, 02/12/2048		242		151
5.950%, 01/28/2031 (A)		90		62
5.350%, 02/12/2028		300		209
4.500%, 01/23/2026		40		29
Petroleos Mexicanos MTN
6.875%, 08/04/2026		120		92
6.750%, 09/21/2047		20		13
5.125%, 03/15/2023	EUR	1,040		970
Phillips 66
3.900%, 03/15/2028	$	525		519
Plains All American Pipeline
3.650%, 06/01/2022		1,700		1,554
3.600%, 11/01/2024		175		145
Range Resources
9.250%, 02/01/2026 (A)		410		246
5.875%, 07/01/2022		196		141
5.000%, 08/15/2022		220		165
5.000%, 03/15/2023		910		664
ReNew Power Synthetic
6.670%, 03/12/2024		200		150
Sabine Pass Liquefaction
6.250%, 03/15/2022		700		679
5.625%, 03/01/2025		800		734
Shelf Drilling Holdings
8.250%, 02/15/2025 (A)		460		220
Summit Midstream Holdings
5.500%, 08/15/2022		830		149
Sunoco
5.500%, 02/15/2026		240		208
Targa Resources Partners
6.500%, 07/15/2027		400		341
5.375%, 02/01/2027		1,870		1,539
5.250%, 05/01/2023		1,000		860
Total Capital International
2.829%, 01/10/2030		1,350		1,365
Transocean
8.000%, 02/01/2027 (A)		732		348
7.500%, 01/15/2026 (A)		500		235
Transportadora de Gas del Sur
6.750%, 05/02/2025 (A)		1,250		898
USA Compression Partners
6.875%, 04/01/2026		1,175		734
Viper Energy Partners
5.375%, 11/01/2027 (A)		220		185



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Western Midstream Operating
5.450%, 04/01/2044	$	1,420	$	551
5.300%, 03/01/2048		470		188
4.000%, 07/01/2022		490		316
3.100%, 02/01/2025		575		293
Williams
8.750%, 03/15/2032		200		217
WPX Energy
8.250%, 08/01/2023		300		221
5.250%, 10/15/2027		940		517
YPF
8.500%, 03/23/2021		1,180		796
				53,121

Financials — 9.7%
AIA Group
3.900%, 04/06/2028 (A)		475		500
AIA Group MTN
3.200%, 03/11/2025 (A)		425		435
AIB Group MTN
4.750%, 10/12/2023 (A)		550		549
Akbank T.A.S.
6.797%, VAR USD Swap Semi 30/360 5 Yr Curr+4.029%, 04/27/2028		200		156
American Express
4.026%, VAR ICE LIBOR USD 3 Month+3.285%(C)		370		313
American International Group
4.200%, 04/01/2028		275		283
3.900%, 04/01/2026		325		335
Arch Capital Finance
4.011%, 12/15/2026		1,025		1,035
Avolon Holdings Funding
5.125%, 10/01/2023 (A)		140		121
2.875%, 02/15/2025 (A)		1,250		969
Banco Bilbao Vizcaya Argentaria
5.875%, VAR EUR Swap Annual 5 Yr+5.660%(C)	EUR	800		742
Banco de Bogota
6.250%, 05/12/2026 (A)	$	980		927
Banco de Sabadell
6.500%, VAR EUR Swap Annual 5 Yr+6.414%(C)	EUR	800		637
Banco do Brasil
9.000%, VAR US Treas Yield Curve Rate T Note Const Mat 10 Yr+6.362%(C)	$	200		190
6.250%, VAR US Treas Yield Curve Rate T Note Const Mat 10 Yr+4.398%(C)		1,920		1,504


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		181

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

Multi-Asset Income Fund (Continued)



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Banco Mercantil del Norte
7.625%, VAR US Treas Yield Curve Rate T Note Const Mat 10 Yr+5.353%(A)(C)	$	200	$	152
7.500%, VAR US Treas Yield Curve Rate T Note Const Mat 10 Yr+5.470%(A)(C)		250		190
6.750%, VAR US Treas Yield Curve Rate T Note Const Mat 5 Yr+4.967%(A)(C)		420		320
Banco Santander
4.250%, 04/11/2027		400		389
3.306%, 06/27/2029		400		393
Bank of America
6.250%, VAR ICE LIBOR USD 3 Month+3.705%(C)		150		152
3.419%, VAR ICE LIBOR USD 3 Month+1.040%, 12/20/2028		2,115		2,182
Bank of America MTN
4.200%, 08/26/2024		1,050		1,117
4.083%, 03/20/2051 (F)		700		801
4.000%, 01/22/2025		800		842
3.824%, VAR ICE LIBOR USD 3 Month+1.575%, 01/20/2028		1,525		1,580
Barclays
8.000%, VAR US Treas Yield Curve Rate T Note Const Mat 5 Yr+5.672%(C)		1,370		1,270
7.125%, VAR UK Govt Bonds 5 Year Note Generic Bid Yield+6.579%(C)	GBP	700		737
4.610%, VAR ICE LIBOR USD 3 Month+1.400%, 02/15/2023	$	1,225		1,239
Barclays MTN
2.000%, VAR EUR Swap Annual 5 Yr+1.900%, 02/07/2028	EUR	780		783
BBVA Bancomer
5.125%, VAR US Treas Yield Curve Rate T Note Const Mat 5 Yr+2.650%, 01/18/2033 (A)	$	410		340
BNP Paribas
3.375%, 01/09/2025 (A)		1,000		991
BPCE
4.625%, 09/12/2028 (A)		500		536
4.000%, 09/12/2023 (A)		950		958
China Evergrande Group
8.250%, 03/23/2022		200		161
CIT Group
6.125%, 03/09/2028		195		183
5.250%, 03/07/2025		185		180
Citigroup
6.300%, VAR ICE LIBOR USD 3 Month+3.423%(C)		1,250		1,182
5.950%, VAR ICE LIBOR USD 3 Month+4.095%(C)		700		616



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
5.900%, VAR ICE LIBOR USD 3 Month+4.230%(C)	$	675	$	651
4.412%, VAR United States Secured Overnight Financing Rate+3.914%, 03/31/2031		800		879
4.125%, 07/25/2028		1,450		1,484
3.400%, 05/01/2026		1,675		1,745
Cooperatieve Rabobank UA
4.625%, VAR EUR Swap Annual 5 Yr+4.098%(C)	EUR	1,400		1,340
Country Garden Holdings
7.250%, 04/04/2021	$	500		501
Credit Agricole
8.125%, VAR USD Swap Semi 30/360 5 Yr Curr+6.185%(A)(C)		250		257
6.500%, VAR EUR Swap Annual 5 Yr+5.120%(C)	EUR	490		510
Credit Bank of Moscow Via CBOM Finance
7.500%, VAR USD Swap Semi 30/360 5 Yr Curr+5.416%, 10/05/2027	$	470		343
Credit Suisse Group
7.500%, VAR USD Swap Semi 30/360 5 Yr Curr+4.600%(A)(C)		410		378
7.250%, VAR US Treas Yield Curve Rate T Note Const Mat 5 Yr+4.332%(A)(C)		200		182
6.250%, VAR USD Swap Semi 30/360 5 Yr Curr+3.455%(A)(C)		200		184
5.100%, VAR US Treas Yield Curve Rate T Note Const Mat 5 Yr+3.293%(A)(C)		400		309
4.194%, VAR United States Secured Overnight Financing Rate+3.730%, 04/01/2031 (A)		1,196		1,225
3.869%, VAR ICE LIBOR USD 3 Month+1.410%, 01/12/2029 (A)		600		607
Credit Suisse Group Funding Guernsey
4.550%, 04/17/2026		802		840
Danske Bank
5.750%, VAR EUR Swap Annual 6 Yr+4.640%(C)	EUR	550		600
5.375%, 01/12/2024 (A)	$	210		217
5.000%, 01/12/2022 (A)		200		205
Deutsche Bank
6.000%, VAR US Treas Yield Curve Rate T Note Const Mat 5 Yr+4.524%(C)		400		268
4.500%, 04/01/2025		950		802
Deutsche Bank NY
4.875%, VAR USD ICE Swap 11:00 NY 5 Yr+2.553%, 12/01/2032		1,200		984
Global Aircraft Leasing
6.500% cash/0% PIK, 09/15/2024 (A)		2,866		1,846


182		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
HSBC Holdings
5.250%, VAR EUR Swap Annual 5 Yr+4.383%(C)	EUR	700	$	678
4.950%, 03/31/2030	$	226		247
3.803%, VAR ICE LIBOR USD 3 Month+1.211%, 03/11/2025		700		720
Huarong Finance 2017
4.500%, VAR US Treas Yield Curve Rate T Note Const Mat 5 Yr+7.773%(C)		200		193
Huarong Finance 2017 MTN
4.000%, VAR US Treas Yield Curve Rate T Note Const Mat 5 Yr+6.983%(C)		310		295
Huarong Finance 2019 MTN
3.750%, 05/29/2024		250		248
Huarong Finance II MTN
5.000%, 11/19/2025		210		217
4.625%, 06/03/2026		610		619
HUB International
7.000%, 05/01/2026 (A)		435		431
Huntington Bancshares
2.625%, 08/06/2024		1,350		1,397
ICICI Bank
5.750%, 11/16/2020		420		426
Intesa Sanpaolo MTN
5.710%, 01/15/2026 (A)		1,880		1,831
5.017%, 06/26/2024 (A)		300		294
Itau Unibanco Holding
4.625%, VAR US Treas Yield Curve Rate T Note Const Mat 5 Yr+3.222%(A)(C)		1,120		924
3.250%, 01/24/2025 (A)		210		196
JPMorgan Chase
4.125%, 12/15/2026		3,400		3,656
Kaisa Group Holdings
8.500%, 06/30/2022		200		164
Lloyds Banking Group
6.375%, VAR EUR Swap Annual 5 Yr+5.290%(C)	EUR	1,000		1,004
Morgan Stanley
3.625%, 01/20/2027	$	900		963
Morgan Stanley MTN
3.950%, 04/23/2027		1,100		1,159
3.700%, 10/23/2024		2,675		2,805
2.720%, VAR United States Secured Overnight Financing Rate+1.152%, 07/22/2025		475		476
Nationwide Building Society
3.960%, VAR ICE LIBOR USD 3 Month+1.855%, 07/18/2030 (A)		450		454
Navient
5.000%, 03/15/2027		1,100		946



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Nippon Life Insurance
3.400%, VAR US Treas Yield Curve Rate T Note Const Mat 5 Yr+2.612%, 01/23/2050 (A)	$	365	$	350
Oversea-Chinese Banking MTN
4.250%, 06/19/2024		800		822
Owl Rock Capital
4.000%, 03/30/2025		900		694
Park Aerospace Holdings
4.500%, 03/15/2023 (A)		170		147
Prudential Financial
5.625%, VAR ICE LIBOR USD 3 Month+3.920%, 06/15/2043		1,850		1,738
Quicken Loans
5.750%, 05/01/2025 (A)		580		577
5.250%, 01/15/2028 (A)		10		10
Raymond James Financial
4.650%, 04/01/2030		530		551
Refinitiv US Holdings
8.250%, 11/15/2026 (A)		750		791
Royal Bank of Scotland Group
3.770%, VAR ICE LIBOR USD 3 Month+2.320%(C)		1,000		826
Royal Bank of Scotland Group PLC
8.000%, VAR USD Swap Semi 30/360 5 Yr Curr+5.720%(C)		750		701
3.754%, VAR US Treas Yield Curve Rate
T Note Const Mat 5 Yr+2.100%, 11/01/2029		225		208
3.498%, VAR ICE LIBOR USD 3 Month+1.480%, 05/15/2023		700		691
Springleaf Finance
6.625%, 01/15/2028		900		851
Standard Chartered
4.644%, VAR US Treas Yield Curve Rate T Note Const Mat 5 Yr+3.850%, 04/01/2031 (A)		610		625
UBS Group
7.000%, VAR USD Swap Semi 30/360 5 Yr Curr+4.344%(A)(C)		910		855
UBS Group Funding Switzerland
7.000%, VAR USD Swap Semi 30/360 5 Yr Curr+4.866%(C)		1,050		1,012
5.750%, VAR EUR Swap Annual 5 Yr+5.287%(C)	EUR	750		798
UniCredit
8.000%, VAR USD Swap Semi 30/360 5 Yr Curr+5.180%(C)	$	1,050		899
UniCredit MTN
7.296%, VAR USD ICE Swap 11:00 NY 5 Yr+4.914%, 04/02/2034 (A)		660		626
Visa
2.700%, 04/15/2040		410		407


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		183

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

Multi-Asset Income Fund (Continued)



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
2.050%, 04/15/2030	$	400	$	399
Wells Fargo
5.875%, VAR ICE LIBOR USD 3 Month+3.990%(C)		525		533
Wells Fargo MTN
5.013%, 04/04/2051 (F)		400		511
4.478%, VAR ICE LIBOR USD 3 Month+3.770%, 04/04/2031		150		170
Yapi ve Kredi Bankasi MTN
13.875%, VAR USD Swap Semi 30/360 5 Yr Curr+11.245%(C)		480		472
8.250%, 10/15/2024 (A)		500		474
6.100%, 03/16/2023		200		185
				79,613

Health Care — 3.8%
AbbVie
4.050%, 11/21/2039 (A)		730		751
3.600%, 05/14/2025		500		525
3.200%, 11/21/2029 (A)		4,575		4,594
Acadia Healthcare
5.625%, 02/15/2023		1,200		1,131
ASP AMC
8.000%, 05/15/2025 (A)		640		376
Bausch Health
5.875%, 05/15/2023 (A)		18		18
5.000%, 01/30/2028 (A)		325		308
Bausch Health Americas
9.250%, 04/01/2026 (A)		800		845
8.500%, 01/31/2027 (A)		1,020		1,066
Bayer US Finance II
4.375%, 12/15/2028 (A)		300		321
4.250%, 12/15/2025 (A)		500		519
Becton Dickinson
3.700%, 06/06/2027		690		697
3.363%, 06/06/2024		1,050		1,049
2.894%, 06/06/2022		675		674
Bristol-Myers Squibb
4.250%, 10/26/2049 (A)		330		413
3.900%, 02/20/2028 (A)		100		111
3.875%, 08/15/2025 (A)		170		195
Centene
4.625%, 12/15/2029 (A)		330		332
4.250%, 12/15/2027 (A)		150		147
3.375%, 02/15/2030 (A)		1,150		1,070
Charles River Laboratories International
4.250%, 05/01/2028 (A)		300		289
Cigna
4.125%, 11/15/2025		2,000		2,139
CVS Health
4.780%, 03/25/2038		580		641
4.100%, 03/25/2025		1,700		1,798



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
3.750%, 04/01/2030	$	2,065	$	2,126
DaVita HealthCare Partners
5.125%, 07/15/2024		1,000		997
DH Europe Finance II Sarl
2.600%, 11/15/2029		175		170
Envision Healthcare
8.750%, 10/15/2026 (A)		500		123
HCA
5.625%, 09/01/2028		1,530		1,601
5.500%, 06/15/2047		890		967
Hill-Rom Holdings
5.000%, 02/15/2025 (A)		220		222
Immucor
11.125%, 02/15/2022 (A)		650		585
LifePoint Health
4.375%, 02/15/2027 (A)		440		415
MPH Acquisition Holdings
7.125%, 06/01/2024 (A)		670		583
Polaris Intermediate
8.500% cash/0% PIK, 12/01/2022 (A)		750		581
Prestige Brands
5.125%, 01/15/2028 (A)		250		248
Prime Security Services Borrower
6.250%, 01/15/2028 (A)		330		285
5.250%, 04/15/2024 (A)		140		138
Radiology Partners
9.250%, 02/01/2028 (A)		660		571
Select Medical
6.250%, 08/15/2026 (A)		450		450
Tenet Healthcare
8.125%, 04/01/2022		1,200		1,143
6.250%, 02/01/2027 (A)		200		195
Teva Pharmaceutical Finance Netherlands III BV
7.125%, 01/31/2025 (A)		260		257
Zimmer Biomet Holdings
3.550%, 03/20/2030		800		797
				32,463

Industrials — 5.2%
AECOM
5.125%, 03/15/2027		950		855
AerCap Ireland Capital DAC
4.875%, 01/16/2024		400		344
4.625%, 07/01/2022		2,300		1,919
3.950%, 02/01/2022		150		136
3.500%, 05/26/2022		150		133
3.300%, 01/23/2023		160		136
Aeropuertos Dominicanos Siglo XXI
6.750%, 03/30/2029 (A)		350		247
Air Lease
3.250%, 03/01/2025		850		666


184		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Air Lease MTN
3.750%, 06/01/2026	$	600	$	518
Allison Transmission
5.000%, 10/01/2024 (A)		100		97
Avis Budget Car Rental
6.375%, 04/01/2024 (A)		700		560
Boeing
3.450%, 11/01/2028		375		326
3.250%, 03/01/2028		425		400
3.250%, 02/01/2035		110		95
1.650%, 10/30/2020		940		918
Bombardier
7.500%, 03/15/2025 (A)		350		250
6.125%, 01/15/2023 (A)		2,050		1,445
Builders FirstSource
5.000%, 03/01/2030 (A)		319		287
Canadian Pacific Railway
2.050%, 03/05/2030		200		186
Carrier Global
2.493%, 02/15/2027 (A)		1,100		1,049
2.242%, 02/15/2025 (A)		2,375		2,307
1.923%, 02/15/2023 (A)		250		246
Cleaver-Brooks
7.875%, 03/01/2023 (A)		380		315
Core & Main Holdings
8.625% cash/0% PIK, 09/15/2024 (A)		650		595
DAE Funding
5.750%, 11/15/2023 (A)		1,530		1,423
Delta Air Lines
3.400%, 04/19/2021		340		309
2.900%, 10/28/2024		1,300		1,040
DP World MTN
5.625%, 09/25/2048 (A)		1,150		960
Dun & Bradstreet
6.875%, 08/15/2026 (A)		1,150		1,196
GE Capital International Funding Unlimited Co
3.373%, 11/15/2025		400		398
General Electric
2.700%, 10/09/2022		100		97
General Electric MTN
6.875%, 01/10/2039		1,270		1,571
3.100%, 01/09/2023		275		277
GFL Environmental
8.500%, 05/01/2027 (A)		849		853
5.125%, 12/15/2026 (A)		475		463
Griffon
5.750%, 03/01/2028 (A)		311		292
IAA
5.500%, 06/15/2027 (A)		250		242
IHS Markit
4.750%, 08/01/2028		700		733



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
3.625%, 05/01/2024	$	425	$	422
JB Poindexter
7.125%, 04/15/2026 (A)		310		287
Mexico City Airport Trust
5.500%, 10/31/2046		400		324
5.500%, 07/31/2047		892		727
4.250%, 10/31/2026 (A)		210		188
3.875%, 04/30/2028 (A)		1,190		1,000
MHP Lux
6.950%, 04/03/2026		220		176
Mobile Mini
5.875%, 07/01/2024		50		48
MV24 Capital BV
6.748%, 06/01/2034 (A)		197		155
Northrop Grumman
3.250%, 01/15/2028		1,950		2,026
2.930%, 01/15/2025		600		609
Otis Worldwide
2.565%, 02/15/2030 (A)		1,425		1,385
2.293%, 04/05/2027 (A)		225		215
Park-Ohio Industries
6.625%, 04/15/2027		1,490		1,178
Prime Security Services Borrower
5.750%, 04/15/2026 (A)		310		304
Republic Services
2.500%, 08/15/2024		750		756
RR Donnelley & Sons
6.500%, 11/15/2023		590		590
Sensata Technologies
4.375%, 02/15/2030 (A)		230		207
Stanley Black & Decker
4.250%, 11/15/2028		650		693
Swire Pacific Financing MTN
4.500%, 10/09/2023		950		1,038
TransDigm
6.500%, 05/15/2025		390		367
5.500%, 11/15/2027 (A)		1,550		1,391
Uber Technologies
7.500%, 09/15/2027 (A)		1,200		1,185
United Rentals North America
5.250%, 01/15/2030		330		330
4.875%, 01/15/2028		1,100		1,067
4.625%, 10/15/2025		410		394
3.875%, 11/15/2027		260		246
United Technologies
4.125%, 11/16/2028		1,050		1,153
Univar Solutions USA
5.125%, 12/01/2027 (A)		300		273
Waste Management
3.200%, 06/15/2026		475		494
XPO CNW
6.700%, 05/01/2034		1,300		1,105


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		185

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

Multi-Asset Income Fund (Continued)



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
XPO Logistics
6.750%, 08/15/2024 (A)	$	120	$	117
				44,334

Information Technology — 2.8%
Amkor Technology
6.625%, 09/15/2027 (A)		400		376
Banff Merger Sub
9.750%, 09/01/2026 (A)		200		176
Broadcom
4.250%, 04/15/2026 (A)		3,525		3,465
3.625%, 10/15/2024 (A)		800		787
3.500%, 01/15/2028		53		49
3.125%, 01/15/2025		50		48
Castle US Holding
9.500%, 02/15/2028 (A)		839		797
CDK Global
5.250%, 05/15/2029 (A)		480		490
CommScope Finance
8.250%, 03/01/2027 (A)		300		289
CommScope Technologies
5.000%, 03/15/2027 (A)		170		148
Dell International
6.020%, 06/15/2026 (A)		1,600		1,651
5.450%, 06/15/2023 (A)		525		540
EIG Investors
10.875%, 02/01/2024		100		85
EMC
3.375%, 06/01/2023		1,650		1,625
Fair Isaac
4.000%, 06/15/2028 (A)		110		104
Fiserv
3.800%, 10/01/2023		300		310
3.200%, 07/01/2026		775		800
2.750%, 07/01/2024		1,175		1,179
Global Payments
3.200%, 08/15/2029		225		215
2.650%, 02/15/2025		400		393
Go Daddy Operating
5.250%, 12/01/2027 (A)		260		262
Hewlett Packard Enterprise
4.900%, 10/15/2025		1,865		1,964
j2 Cloud Services
6.000%, 07/15/2025 (A)		740		734
Mastercard
3.850%, 03/26/2050		240		294
3.350%, 03/26/2030		150		166
3.300%, 03/26/2027		225		245
NVIDIA
3.500%, 04/01/2050		490		533
NXP BV
4.625%, 06/15/2022 (A)		1,000		1,035



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Open Text
3.875%, 02/15/2028 (A)	$	220	$	207
Open Text Holdings
4.125%, 02/15/2030 (A)		1,633		1,535
Oracle
3.600%, 04/01/2050		609		609
PayPal Holdings
2.650%, 10/01/ 2026		1,250		1,224
Prosus
4.850%, 07/06/2027 (A)		1,140		1,088
3.680%, 01/21/2030 (A)		250		226
PTC
3.625%, 02/15/2025 (A)		437		409
Sunny Express Enterprises
3.350%, VAR US Treas Yield Curve Rate T Note Const Mat 3 Yr+4.762%(C)		200		197
				24,255

Materials — 2.9%
Alcoa Nederland Holding BV
6.750%, 09/30/2024 (A)		200		194
6.125%, 05/15/2028 (A)		1,000		910
Aleris International
10.750%, 07/15/2023 (A)		1,100		1,067
Anglo American Capital
5.625%, 04/01/2030		500		497
4.000%, 09/11/2027 (A)		250		236
ArcelorMittal
6.125%, 06/01/2025		370		366
3.600%, 07/16/2024		20		18
ARD Finance
6.500% cash/0% PIK, 06/30/2027 (A)		210		181
Barrick North America Finance
5.750%, 05/01/2043		250		320
Berry Global
5.625%, 07/15/2027 (A)		550		568
BHP Billiton Finance USA
6.750%, VAR USD Swap Semi 30/360 5 Yr Curr+5.093%, 10/19/2075 (A)		230		244
Braskem Netherlands Finance BV
4.500%, 01/10/2028 (A)		1,200		959
Cascades
5.375%, 01/15/2028 (A)		360		344
Cleveland-Cliffs
5.750%, 03/01/2025		550		425
DuPont de Nemours
4.493%, 11/15/2025		450		484
4.205%, 11/15/2023		250		263
First Quantum Minerals
7.500%, 04/01/2025 (A)		1,400		1,165
7.250%, 04/01/2023 (A)		310		261


186		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Freeport-McMoRan
5.450%, 03/15/2043	$	2,010	$	1,799
3.550%, 03/01/2022		33		32
Glencore Funding
4.125%, 03/12/2024 (A)		400		367
4.000%, 04/16/2025 (A)		750		727
Hudbay Minerals
7.625%, 01/15/2025 (A)		760		661
Huntsman International
4.500%, 05/01/2029		375		320
Kraton Polymers
7.000%, 04/15/2025 (A)		1,000		885
LABL Escrow Issuer
6.750%, 07/15/2026 (A)		950		874
Metinvest BV
7.750%, 04/23/2023 (A)		375		266
Northwest Acquisitions ULC
7.125%, 11/01/2022 (A)		960		470
Novelis
5.875%, 09/30/2026 (A)		716		703
4.750%, 01/30/2030 (A)		800		712
OCI
5.250%, 11/01/2024 (A)		325		279
Pactiv
8.375%, 04/15/2027		350		364
PQ
6.750%, 11/15/2022 (A)		900		904
Reynolds Group
7.000%, 07/15/2024 (A)		105		107
Samarco Mineracao
5.750%, 10/24/2023 (B)(E)		200		77
4.125%, 11/01/2022 (B)		200		77
SASOL Financing USA
5.875%, 03/27/2024		1,080		454
Sealed Air
6.875%, 07/15/2033 (A)		411		412
Sherwin-Williams
3.450%, 08/01/2025		875		904
Sociedad Quimica y Minera de Chile
4.375%, 01/28/2025		220		212
Starfruit Finco BV
8.000%, 10/01/2026 (A)		650		617
Suzano Austria GmbH
6.000%, 01/15/2029		1,130		1,055
5.750%, 07/14/2026		400		388
Syngenta Finance MTN
1.250%, 09/10/2027	EUR	200		201
Teck Resources
6.000%, 08/15/2040	$	200		172
5.400%, 02/01/2043		480		380



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Vale Overseas
6.250%, 08/10/2026	$	1,050	$	1,134
				24,055

Real Estate — 1.3%
Alexandria Real Estate Equities
3.800%, 04/15/2026		350		350
3.375%, 08/15/2031		375		365
American Tower
3.950%, 03/15/2029		900		935
3.375%, 05/15/2024		925		927
CoreCivic
4.625%, 05/01/2023		1,000		910
Crown Castle International Corp
4.150%, 07/01/2050		100		99
CyrusOne
1.450%, 01/22/2027	EUR	380		364
Essex Portfolio
3.000%, 01/15/2030	$	400		379
Five Point Operating
7.875%, 11/15/2025 (A)		770		662
MPT Operating Partnership
5.000%, 10/15/2027		673		653
3.692%, 06/05/2028	GBP	544		636
Realogy Group
9.375%, 04/01/2027 (A)	$	1,410		1,188
Spirit Realty
3.200%, 01/15/2027		600		545
VEREIT Operating Partnership
4.875%, 06/01/2026		1,000		963
VICI Properties
4.625%, 12/01/2029 (A)		1,360		1,241
WP Carey
4.250%, 10/01/2026		700		720
				10,937

Utilities — 1.4%
Adani Electricity Mumbai
3.949%, 02/12/2030 (A)		230		189
Alliant Energy Finance
4.250%, 06/15/2028 (A)		125		126
3.750%, 06/15/2023 (A)		325		336
American Electric Power
2.300%, 03/01/2030		300		280
AmeriGas Partners
5.875%, 08/20/2026		75		72
Dominion Energy
3.071%, 08/15/2024		575		573
Eskom Holdings SOC MTN
6.750%, 08/06/2023		230		171
6.350%, 08/10/2028		500		425


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		187

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

Multi-Asset Income Fund (Continued)



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
FirstEnergy
2.650%, 03/01/2030	$	800	$	746
Greenko Investment
4.875%, 08/16/2023 (A)		410		332
NiSource
3.490%, 05/15/2027		1,325		1,339
NRG Energy
7.250%, 05/15/2026		1,070		1,121
5.750%, 01/15/2028		40		41
Ohio Power
2.600%, 04/01/2030		200		194
Sempra Energy
3.400%, 02/01/2028		1,075		1,077
Southern
3.250%, 07/01/2026		700		697
Southern California Edison
4.200%, 03/01/2029		450		478
Suburban Propane Partners
5.500%, 06/01/2024		250		235
Talen Energy Supply
10.500%, 01/15/2026 (A)		540		389
7.250%, 05/15/2027 (A)		1,450		1,310
Vistra Operations
3.550%, 07/15/2024 (A)		1,200		1,128
				11,259

Total Corporate Obligations (Cost $426,436) ($ Thousands)				379,224

SOVEREIGN DEBT — 11.8%

Abu Dhabi Government International Bond
4.125%, 10/11/2047 (A)		1,180		1,277
2.125%, 09/30/2024 (A)		1,020		1,006
Angolan Government International Bond
9.375%, 05/08/2048		400		156
9.125%, 11/26/2049 (A)		1,170		458
8.250%, 05/09/2028 (A)		1,150		463
8.000%, 11/26/2029 (A)		650		263
Argentine Republic Government International Bond
7.125%, 07/06/2036		1,340		350
6.875%, 04/22/2021		900		267
6.875%, 01/26/2027		370		104
6.875%, 01/11/2048		230		61
5.875%, 01/11/2028		528		144
5.250%, 01/15/2028	EUR	760		194
4.625%, 01/11/2023	$	1,250		364
3.750%, 5.25%, 03/31/2029, 12/31/2038 (G)		1,310		385
3.375%, 01/15/2023	EUR	790		217



Description	Face Amount (Thousands)		Market Value ($ Thousands)

SOVEREIGN DEBT (continued)
Armenia Government International Bond
3.950%, 09/26/2029 (A)	$	290	$	255
Azerbaijan Government International Bond
3.500%, 09/01/2032		1,360		1,146
Banque Centrale de Tunisie International Bond
6.750%, 10/31/2023 (A)	EUR	440		436
Belize Government International Bond
4.938%, 02/20/2034	$	165		84
Brazil Minas SPE via State of Minas Gerais
5.333%, 02/15/2028		160		160
Brazil Notas do Tesouro Nacional Serie F
10.000%, 01/01/2029	BRL	1,400		307
Brazil Notas do Tesouro Nacional, Ser F
10.000%, 01/01/2027		11,500		2,516
Colombia Government International Bond
3.000%, 01/30/2030	$	200		183
Costa Rica Government International Bond
7.158%, 03/12/2045 (A)		310		248
Dominican Republic International Bond
7.450%, 04/30/2044		600		582
6.850%, 01/27/2045		660		605
6.500%, 02/15/2048 (A)		1,270		1,118
6.400%, 06/05/2049 (A)		660		581
6.000%, 07/19/2028 (A)		1,300		1,222
4.500%, 01/30/2030		550		478
Eastern & Southern African Trade & Development Bank MTN
5.375%, 03/14/2022		210		208
Ecuador Government International Bond
9.650%, 12/13/2026 (A)		590		153
9.625%, 06/02/2027 (A)		1,550		418
9.500%, 03/27/2030 (A)		1,220		360
8.875%, 10/23/2027 (A)		1,500		377
7.950%, 06/20/2024		210		59
Egypt Government International Bond
8.700%, 03/01/2049 (A)		520		430
8.500%, 01/31/2047		650		531
7.903%, 02/21/2048 (A)		360		290
7.600%, 03/01/2029 (A)		510		456
6.375%, 04/11/2031	EUR	1,070		925
5.625%, 04/16/2030		1,560		1,301
4.750%, 04/11/2025		100		95
4.750%, 04/16/2026		680		639
Egypt Treasury Bills
14.131%, 10/06/2020 (H)	EGP	13,275		789
El Salvador Government International Bond
7.125%, 01/20/2050 (A)	$	270		208
5.875%, 01/30/2025		30		26
Ghana Government International Bond
10.750%, 10/14/2030		210		217
8.627%, 06/16/2049		1,070		745


188		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020



Description	Face Amount (Thousands)		Market Value ($ Thousands)

SOVEREIGN DEBT (continued)
8.125%, 01/18/2026	$	500	$	391
8.125%, 03/26/2032 (A)		2,160		1,522
7.875%, 03/26/2027 (A)		260		192
7.625%, 05/16/2029		1,570		1,122
Guatemala Government Bond
6.125%, 06/01/2050 (A)		530		526
5.750%, 06/06/2022		500		501
4.900%, 06/01/2030 (A)		280		268
4.875%, 02/13/2028		790		766
4.500%, 05/03/2026 (A)		770		747
4.375%, 06/05/2027 (A)		1,090		1,047
Hazine Mustesarligi Varlik Kiralama
5.004%, 04/06/2023 (A)		860		802
Honduras Government International Bond
7.500%, 03/15/2024		660		640
Indonesia Government International Bond
5.250%, 01/17/2042		2,300		2,620
3.500%, 01/11/2028		1,180		1,160
2.850%, 02/14/2030		900		873
0.900%, 02/14/2027	EUR	180		173
Indonesia Treasury Bond
7.000%, 05/15/2027	IDR	118,996,000		6,947
Iraq Government International Bond
5.800%, 01/15/2028	$	280		213
Israel Government International Bond
4.500%, 04/03/2120		290		290
3.875%, 07/03/2050		690		690
2.750%, 07/03/2030		660		660
Ivory Coast Government International Bond
6.625%, 03/22/2048	EUR	420		389
5.250%, 03/22/2030		390		366
Jamaica Government International Bond
7.875%, 07/28/2045	$	740		792
Kazakhstan Government International Bond MTN
5.125%, 07/21/2025		1,300		1,398
Kenya Government International Bond
8.250%, 02/28/2048 (A)		260		238
8.000%, 05/22/2032 (A)		910		835
7.000%, 05/22/2027 (A)		450		414
Kuwait International Government Bond
3.500%, 03/20/2027 (A)		1,160		1,204
Lebanon Government International Bond
7.050%, 11/02/2035 (B)		110		20
6.850%, 03/23/2027 (B)		80		15
6.850%, 05/25/2029 (B)		721		130
6.750%, 11/29/2027 (B)		400		72
6.650%, 04/22/2024 (B)		170		31
6.650%, 11/03/2028 (B)		130		23
6.650%, 02/26/2030 (B)		872		157
6.600%, 11/27/2026 (B)		30		5
6.200%, 02/26/2025 (B)		860		156



Description	Face Amount (Thousands)		Market Value ($ Thousands)

SOVEREIGN DEBT (continued)
Mexican Bonos
8.500%, 05/31/2029	MXN	9,520	$	438
6.500%, 06/09/2022		5,740		245
Mexico Government International Bond
4.750%, 03/08/2044	$	440		443
4.500%, 01/31/2050		450		445
3.600%, 01/30/2025		1,200		1,217
Mongolia Government International Bond
5.625%, 05/01/2023		200		178
Morocco Government International Bond
1.500%, 11/27/2031 (A)	EUR	290		280
Mozambique International Bond
5.000%, 09/15/2031	$	220		165
Nigeria Government International Bond
8.747%, 01/21/2031		1,720		1,235
7.696%, 02/23/2038 (A)		690		464
Pakistan Government International Bond
8.250%, 09/30/2025		370		322
6.875%, 12/05/2027		200		165
Panama Government International Bond
4.500%, 04/01/2056		300		325
Papua New Guinea Government International Bond
8.375%, 10/04/2028 (A)		290		258
Paraguay Government International Bond
6.100%, 08/11/2044		700		735
5.600%, 03/13/2048		560		566
5.400%, 03/30/2050 (A)		320		320
5.000%, 04/15/2026 (A)		440		444
4.700%, 03/27/2027 (A)		570		570
Perusahaan Penerbit SBSN Indonesia III
4.550%, 03/29/2026 (A)		530		542
4.450%, 02/20/2029 (A)		330		335
Petroleos Mexicanos
6.490%, 01/23/2027		50		37
Provincia de Buenos Aires
10.875%, 01/26/2021		63		19
9.950%, 06/09/2021 (A)		3,100		930
9.125%, 03/16/2024 (A)		550		143
7.875%, 06/15/2027 (A)		400		104
6.500%, 02/15/2023 (A)		2,240		582
Provincia de Cordoba
7.450%, 09/01/2024 (A)		520		247
Qatar Government International Bond
5.103%, 04/23/2048 (A)		1,890		2,292
4.817%, 03/14/2049 (A)		1,130		1,331
Republic of Belarus International Bond
6.875%, 02/28/2023		260		253
6.200%, 02/28/2030		200		181
Romanian Government International Bond
5.125%, 06/15/2048 (A)		200		206
4.625%, 04/03/2049 (A)	EUR	150		175


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		189

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

Multi-Asset Income Fund (Continued)



Description	Face Amount (Thousands)		Market Value ($ Thousands)

SOVEREIGN DEBT (continued)
3.375%, 01/28/2050 (A)	EUR	90	$	88
2.875%, 05/26/2028		650		739
2.124%, 07/16/2031 (A)		250		251
2.000%, 12/08/2026 (A)		590		643
2.000%, 01/28/2032 (A)		110		108
Russian Federal Bond - OFZ
7.050%, 01/19/2028	RUB	511,430		6,714
Russian Foreign Bond - Eurobond
5.250%, 06/23/2047	$	200		242
5.100%, 03/28/2035 (A)		200		231
4.750%, 05/27/2026		3,600		3,820
4.375%, 03/21/2029 (A)		800		854
Saudi Government International Bond MTN
3.750%, 01/21/2055 (A)		220		203
Senegal Government International Bond
4.750%, 03/13/2028 (A)	EUR	740		732
Serbia International Bond
1.500%, 06/26/2029 (A)		500		501
South Africa Government International Bond
5.650%, 09/27/2047	$	950		700
4.850%, 09/27/2027		890		780
4.665%, 01/17/2024		1,170		1,097
4.300%, 10/12/2028		200		164
Sri Lanka Government International Bond
7.550%, 03/28/2030 (A)		910		501
6.850%, 03/14/2024 (A)		920		580
6.850%, 11/03/2025		570		336
6.825%, 07/18/2026 (A)		250		147
6.750%, 04/18/2028 (A)		660		383
6.350%, 06/28/2024 (A)		380		228
6.200%, 05/11/2027 (A)		380		220
5.750%, 01/18/2022 (A)		200		132
5.750%, 04/18/2023 (A)		1,240		843
Third Pakistan International Sukuk
5.625%, 12/05/2022		630		589
Turkey Government International Bond
7.625%, 04/26/2029		560		533
7.375%, 02/05/2025		30		29
6.875%, 03/17/2036		60		53
6.000%, 01/14/2041		1,980		1,549
5.200%, 02/16/2026	EUR	260		263
4.250%, 03/13/2025	$	410		350
4.250%, 04/14/2026		530		441
Ukraine Government International Bond
9.750%, 11/01/2028 (A)		640		621
8.994%, 02/01/2024		670		619
7.750%, 09/01/2022		550		520
7.750%, 09/01/2023		1,010		944
7.750%, 09/01/2024		760		699
7.750%, 09/01/2027		250		228
7.375%, 09/25/2032 (A)		200		181
0.000%, 05/31/2040 (F)		1,212		882



Description	Face Amount (Thousands)		Market Value ($ Thousands)

SOVEREIGN DEBT (continued)
Uruguay Government International Bond
4.375%, 10/27/2027	$	600	$	647
Uzbekistan Government International Bond MTN
4.750%, 02/20/2024 (A)		340		333
Zambia Government International Bond
5.375%, 09/20/2022		760		315

Total Sovereign Debt (Cost $124,989) ($ Thousands)				99,477

	Shares

COMMON STOCK — 11.0%

Communication Services — 1.2%
Activision Blizzard Inc		3,270		195
Alphabet Inc, Cl A *		1,293		1,502
Alphabet Inc, Cl C *		1,290		1,500
AT&T Inc		31,486		918
CenturyLink Inc		4,030		38
Charter Communications Inc, Cl A *		679		296
Comcast Corp, Cl A		19,549		672
Discovery Inc, Cl A *		684		13
Discovery Inc, Cl C *		1,539		27
DISH Network Corp, Cl A *		1,018		20
Electronic Arts Inc *		1,233		123
Facebook Inc, Cl A *		10,388		1,733
Fox Corp		2,366		55
Interpublic Group of Cos Inc/The		1,552		25
Live Nation Entertainment Inc *		626		29
Netflix Inc *		1,887		709
News Corp, Cl A		1,532		14
News Corp, Cl B		450		4
Omnicom Group Inc		997		55
Take-Two Interactive Software Inc, Cl A *		492		58
T-Mobile US Inc *		1,400		118
Twitter Inc *		3,280		81
Verizon Communications Inc		17,827		958
ViacomCBS Inc, Cl B		2,357		33
Walt Disney Co/The		7,765		750

				9,926

Consumer Discretionary — 1.1%
Advance Auto Parts Inc		313		29
Amazon.com Inc, Cl A *		1,799		3,507
Aptiv PLC		1,135		56
AutoZone Inc *		100		85
Best Buy Co Inc		937		53
Booking Holdings Inc *		181		244
BorgWarner Inc		797		19
Capri Holdings Ltd *		608		7
CarMax Inc *		740		40
Carnival Corp		1,747		23


190		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Cengage Learning Holdings II Inc *		5,114	$	36
Chipotle Mexican Grill Inc, Cl A *		110		72
Darden Restaurants Inc		545		30
Dollar General Corp		1,081		163
Dollar Tree Inc *		1,047		77
DR Horton Inc		1,500		51
eBay Inc		3,387		102
Expedia Group Inc		593		33
Ford Motor Co		17,302		84
Gap Inc/The		932		7
Garmin Ltd		664		50
General Motors Co		5,536		115
Genuine Parts Co		649		44
H&R Block Inc		821		12
Hanesbrands Inc		1,495		12
Harley-Davidson Inc, Cl A		659		12
Hasbro Inc		564		40
Hilton Worldwide Holdings Inc		1,189		81
Home Depot Inc/The		4,701		878
Kohl’s Corp		759		11
L Brands Inc		995		11
Las Vegas Sands Corp		1,399		59
Leggett & Platt Inc		534		14
Lennar Corp, Cl A		1,262		48
LKQ Corp *		1,349		28
Lowe’s Cos Inc		3,278		282
Macy’s Inc		1,471		7
Marriott International Inc/MD, Cl A		1,206		90
McDonald’s Corp		3,276		542
MGM Resorts International		2,321		27
Mohawk Industries Inc *		261		20
Newell Brands Inc, Cl B		1,757		23
NIKE Inc, Cl B		5,412		448
Nordstrom Inc		454		7
Norwegian Cruise Line Holdings Ltd *		900		10
NVR Inc *		15		39
O’Reilly Automotive Inc *		322		97
PulteGroup Inc		1,166		26
PVH Corp		313		12
Ralph Lauren Corp, Cl A		219		15
Ross Stores Inc		1,608		140
Royal Caribbean Cruises Ltd		735		24
Starbucks Corp		5,122		337
Tapestry Inc		1,201		16
Target Corp, Cl A		2,163		201
Tiffany & Co		459		59
TJX Cos Inc/The		5,300		253
Tractor Supply Co		511		43
Ulta Beauty Inc *		241		42
Under Armour Inc, Cl A *		727		7
Under Armour Inc, Cl C *		920		7
VF Corp		1,444		78



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Whirlpool Corp		271	$	23
Wynn Resorts Ltd		423		25
Yum! Brands Inc		1,345		92

				9,125
Consumer Staples — 0.8%
Altria Group Inc		8,180		316
Archer-Daniels-Midland Co		2,467		87
Brown-Forman Corp, Cl B		747		42
Campbell Soup Co		807		37
Church & Dwight Co Inc		1,095		70
Clorox Co/The		535		93
Coca-Cola Co/The		16,602		735
Colgate-Palmolive Co		3,660		243
Conagra Brands Inc		2,134		63
Constellation Brands Inc, Cl A		739		106
Costco Wholesale Corp		1,900		542
Coty Inc, Cl A		1,002		5
Estee Lauder Cos Inc/The, Cl A		976		156
General Mills Inc		2,678		141
Hershey Co/The		627		83
Hormel Foods Corp		1,192		56
JM Smucker Co/The		524		58
Kellogg Co		1,027		62
Kimberly-Clark Corp		1,496		191
Kraft Heinz Co/The		2,793		69
Kroger Co/The		3,564		107
Lamb Weston Holdings Inc		600		34
McCormick & Co Inc/MD		548		77
Molson Coors Beverage Co, Cl B		772		30
Mondelez International Inc, Cl A		6,166		309
Monster Beverage Corp *		1,621		91
PepsiCo Inc		6,005		721
Philip Morris International Inc		6,764		494
Procter & Gamble Co/The		10,756		1,183
Sysco Corp, Cl A		2,134		97
Tyson Foods Inc, Cl A		1,304		75
Walgreens Boots Alliance Inc		3,225		148
Walmart Inc		6,109		694

				7,215
Energy — 0.3%
Apache Corp		1,761		7
Baker Hughes Co, Cl A		2,960		31
Cabot Oil & Gas Corp		1,880		32
Chevron Corp		8,223		596
Concho Resources Inc		903		39
ConocoPhillips		4,653		143
Devon Energy Corp		1,630		11
Diamondback Energy Inc, Cl A		700		18
EOG Resources Inc		2,521		91
Exxon Mobil Corp		18,216		692
Halliburton Co		3,947		27


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		191

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

Multi-Asset Income Fund (Continued)



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Helmerich & Payne Inc		451	$	7
Hess Corp		1,133		38
HollyFrontier Corp		665		16
Kinder Morgan Inc/DE		8,429		117
Marathon Oil Corp		3,620		12
Marathon Petroleum Corp		2,907		69
National Oilwell Varco Inc, Cl A		1,759		17
Noble Energy Inc		2,020		12
Occidental Petroleum Corp		3,950		46
ONEOK Inc		1,826		40
Phillips 66		1,975		106
Pioneer Natural Resources Co		752		53
Schlumberger Ltd, Cl A		6,027		81
TechnipFMC PLC		1,998		14
Titan Energy LLC *(E)		12,743		1
Valero Energy Corp		1,800		81
Williams Cos Inc/The		5,368		76

				2,473

Financials — 1.2%
Aflac Inc		3,250		111
Allstate Corp/The		1,365		125
American Express Co		2,868		246
American International Group Inc		3,775		92
Ameriprise Financial Inc		527		54
Aon PLC/UK		995		164
Arthur J Gallagher & Co		815		66
Aspect *(D)		57		—
Assurant Inc		273		28
Bank of America Corp		34,871		740
Bank of New York Mellon Corp/The		3,538		119
Berkshire Hathaway Inc, Cl B *		8,442		1,543
BlackRock Inc		517		227
Capital One Financial Corp		1,959		99
Cboe Global Markets Inc		463		41
Charles Schwab Corp/The		4,852		163
Chubb Ltd		1,932		216
Cincinnati Financial Corp		667		50
Citigroup Inc		9,481		399
Citizens Financial Group Inc		2,010		38
CME Group Inc		1,569		271
Comerica Inc		700		21
Discover Financial Services		1,272		45
E*TRADE Financial Corp		1,080		37
Everest Re Group Ltd		166		32
Fifth Third Bancorp		3,239		48
First Republic Bank/CA		700		58
Franklin Resources Inc		1,278		21
Globe Life Inc		429		31
Goldman Sachs Group Inc/The		1,376		213
Hartford Financial Services Group Inc/The		1,603		56
Huntington Bancshares Inc/OH		4,636		38
Intercontinental Exchange Inc		2,370		191



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Invesco Ltd		1,887	$	17
JPMorgan Chase & Co		13,530		1,218
KeyCorp		4,537		47
Lincoln National Corp		899		24
Loews Corp		1,207		42
M&T Bank Corp		542		56
MarketAxess Holdings Inc		158		53
Marsh & McLennan Cos Inc		2,174		188
MetLife Inc		3,321		102
Moody’s Corp		718		152
Morgan Stanley		5,295		180
MSCI Inc, Cl A		375		108
Nasdaq Inc, Cl A		500		47
Northern Trust Corp		888		67
People’s United Financial Inc		1,719		19
PNC Financial Services Group Inc/The		1,863		178
Principal Financial Group Inc, Cl A		1,022		32
Progressive Corp/The		2,536		187
Prudential Financial Inc		1,774		93
Raymond James Financial Inc		535		34
Regions Financial Corp		4,531		41
S&P Global Inc		1,044		256
State Street Corp		1,514		81
SVB Financial Group, Cl B *		224		34
Synchrony Financial		2,590		42
T Rowe Price Group Inc		1,042		102
Travelers Cos Inc/The		1,140		113
Truist Financial Corp		5,850		180
Unum Group		910		14
US Bancorp		6,056		209
Wells Fargo & Co		16,738		481
Willis Towers Watson PLC		574		98
WR Berkley Corp		600		31
Zions Bancorp NA		626		17

				10,126
Health Care — 1.7%
Abbott Laboratories		7,602		600
AbbVie Inc		6,430		490
ABIOMED Inc *		200		29
Agilent Technologies Inc		1,296		93
Alexion Pharmaceuticals Inc *		993		89
Align Technology Inc *		311		54
Allergan PLC		1,403		248
AmerisourceBergen Corp, Cl A		686		61
Amgen Inc, Cl A		2,585		524
Anthem Inc		1,082		246
Baxter International Inc		2,199		178
Becton Dickinson and Co		1,184		272
Biogen Inc *		780		247
Boston Scientific Corp *		5,927		193
Bristol-Myers Squibb Co		10,197		568
Cardinal Health Inc		1,321		63


192		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Centene Corp *		2,546	$	151
Cerner Corp		1,329		84
Cigna Corp		1,596		283
Cooper Cos Inc/The, Cl A		204		56
Covetrus Inc *		1		—
CVS Health Corp		5,574		331
Danaher Corp, Cl A		2,742		379
DaVita Inc *		355		27
DENTSPLY SIRONA Inc		969		38
Edwards Lifesciences Corp, Cl A *		916		173
Eli Lilly & Co		3,675		510
Gilead Sciences Inc		5,432		406
HCA Healthcare Inc		1,174		105
Henry Schein Inc *		634		32
Hologic Inc *		1,116		39
Humana Inc		569		179
IDEXX Laboratories Inc *		382		92
Illumina Inc *		648		177
Incyte Corp *		814		60
Intuitive Surgical Inc *		506		251
IQVIA Holdings Inc *		773		83
Johnson & Johnson		11,356		1,489
Laboratory Corp of America Holdings *		438		55
McKesson Corp		717		97
Medtronic PLC		5,828		526
Merck & Co Inc		10,968		844
Mettler-Toledo International Inc *		101		70
Mylan NV *		2,195		33
PerkinElmer Inc		524		39
Perrigo Co PLC		599		29
Pfizer Inc		23,835		778
Quest Diagnostics Inc		623		50
Regeneron Pharmaceuticals Inc *		348		170
ResMed Inc		633		93
STERIS PLC		377		53
Stryker Corp		1,412		235
Teleflex Inc		200		59
Thermo Fisher Scientific Inc		1,744		495
UnitedHealth Group Inc		4,084		1,018
Universal Health Services Inc, Cl B		355		35
Varian Medical Systems Inc *		372		38
Vertex Pharmaceuticals Inc *		1,112		265
Waters Corp *		267		49
Zimmer Biomet Holdings Inc		908		92
Zoetis Inc, Cl A		2,032		239

				14,262
Industrials — 0.9%
3M Co		2,496		341
Alaska Air Group Inc		494		14
Allegion plc		415		38
American Airlines Group Inc		1,751		21
AMETEK Inc		1,012		73



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
AO Smith Corp		649	$	25
Arconic Inc		1,864		30
Boeing Co/The		2,290		342
Caterpillar Inc, Cl A		2,391		277
CH Robinson Worldwide Inc		578		38
Cintas Corp		381		66
Copart Inc *		900		62
CSX Corp		3,353		192
Cummins Inc		640		87
Deere & Co		1,385		191
Delta Air Lines Inc, Cl A		2,384		68
Dover Corp		613		52
Eaton Corp PLC		1,748		136
Emerson Electric Co		2,659		127
Equifax Inc		533		64
Expeditors International of Washington Inc		721		48
Fastenal Co, Cl A		2,390		75
FedEx Corp		1,040		126
Flowserve Corp		514		12
Fortive Corp		1,310		72
Fortune Brands Home & Security Inc		568		25
General Dynamics Corp		1,031		136
General Electric Co		38,230		304
Honeywell International Inc		3,103		415
Huntington Ingalls Industries Inc, Cl A		177		32
IDEX Corp		305		42
IHS Markit Ltd		1,787		107
Illinois Tool Works Inc		1,244		177
Ingersoll Rand Inc *		941		23
Jacobs Engineering Group Inc		623		49
JB Hunt Transport Services Inc		373		34
Johnson Controls International plc		3,225		87
Kansas City Southern		406		52
L3Harris Technologies Inc		950		171
Lockheed Martin Corp		1,077		365
Masco Corp		1,287		45
Nielsen Holdings PLC		1,634		21
Norfolk Southern Corp		1,107		162
Northrop Grumman Corp		668		202
Old Dominion Freight Line Inc, Cl A		450		59
PACCAR Inc		1,512		92
Parker-Hannifin Corp, Cl A		572		74
Pentair PLC		658		20
Quanta Services Inc		570		18
Raytheon Co		1,224		161
Republic Services Inc		871		65
Robert Half International Inc		536		20
Rockwell Automation Inc		486		73
Rollins Inc		630		23
Roper Technologies Inc		461		144
Snap-on Inc		234		25
Southwest Airlines Co, Cl A		1,973		70


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		193

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

Multi-Asset Income Fund (Continued)



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Stanley Black & Decker Inc		674	$	67
Textron Inc		1,087		29
Trane Technologies PLC		1,067		88
TransDigm Group Inc		216		69
Union Pacific Corp		3,014		425
United Airlines Holdings Inc *		980		31
United Parcel Service Inc, Cl B		3,057		286
United Rentals Inc *		344		35
United Technologies Corp		3,517		332
Verisk Analytics Inc, Cl A		725		101
Waste Management Inc		1,692		157
Westinghouse Air Brake Technologies Corp		773		37
WW Grainger Inc		201		50
Xylem Inc/NY		733		48

				7,625

Information Technology — 2.8%
Accenture PLC, Cl A		2,761		451
Adobe Inc *		2,084		663
Advanced Micro Devices Inc *		4,908		223
Akamai Technologies Inc *		668		61
Alliance Data Systems Corp		193		7
Amphenol Corp, Cl A		1,315		96
Analog Devices Inc		1,594		143
ANSYS Inc *		354		82
Apple Inc		18,048		4,589
Applied Materials Inc		4,068		186
Arista Networks Inc *		232		47
Autodesk Inc, Cl A *		969		151
Automatic Data Processing Inc		1,848		253
Broadcom Inc		1,721		408
Broadridge Financial Solutions Inc		466		44
Cadence Design Systems Inc *		1,180		78
CDW Corp/DE		614		57
Cisco Systems Inc		18,270		718
Citrix Systems Inc		482		68
Cognizant Technology Solutions Corp, Cl A		2,338		109
Corning Inc, Cl B		3,460		71
DXC Technology Co		1,199		16
F5 Networks Inc, Cl A *		278		30
Fidelity National Information Services Inc, Cl B		2,686		327
Fiserv Inc, Cl A *		2,507		238
FleetCor Technologies Inc *		383		71
FLIR Systems Inc		564		18
Fortinet Inc *		600		61
Gartner Inc *		416		41
Global Payments Inc		1,321		191
Hewlett Packard Enterprise Co		5,281		51
HP Inc		6,298		109
Intel Corp		18,755		1,015
International Business Machines Corp		3,847		427
Intuit Inc		1,140		262



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
IPG Photonics Corp *		143	$	16
Jack Henry & Associates Inc		335		52
Juniper Networks Inc		1,505		29
Keysight Technologies Inc *		800		67
KLA Corp		662		95
Lam Research Corp		615		148
Leidos Holdings Inc		600		55
Mastercard Inc, Cl A		3,827		924
Maxim Integrated Products Inc		1,200		58
Microchip Technology Inc		1,069		73
Micron Technology Inc *		4,860		204
Microsoft Corp		32,967		5,199
Motorola Solutions Inc		733		97
NetApp Inc		913		38
NortonLifeLock Inc		2,488		46
NVIDIA Corp		2,635		695
Oracle Corp, Cl B		9,416		455
Paychex Inc		1,415		89
Paycom Software Inc *		200		40
PayPal Holdings Inc *		5,107		489
Qlik *(D)		3,600		—
Qlik, Cl A *(D)(E)		56		57
Qlik, Cl B *(D)		13,812		—
Qorvo Inc *		515		42
QUALCOMM Inc		4,894		331
salesforce.com Inc *		3,817		550
Seagate Technology PLC		935		46
ServiceNow Inc *		815		234
Skyworks Solutions Inc		770		69
Synopsys Inc *		667		86
TE Connectivity Ltd		1,484		93
Texas Instruments Inc		4,062		406
VeriSign Inc *		430		77
Visa Inc, Cl A		7,384		1,190
Western Digital Corp		1,217		51
Western Union Co/The		1,834		33
Xerox Holdings Corp		827		16
Xilinx Inc		1,119		87
Zebra Technologies Corp, Cl A *		240		44

				23,643

Materials — 0.3%
Air Products & Chemicals Inc		950		190
Albemarle Corp		448		25
Amcor PLC		6,732		55
Avery Dennison Corp		356		36
Ball Corp		1,471		95
Celanese Corp, Cl A		481		35
CF Industries Holdings Inc		935		25
Corteva Inc		3,303		78
Dow Inc		3,249		95
DuPont de Nemours Inc		3,284		112
Eastman Chemical Co		653		30


194		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Ecolab Inc		1,101	$	172
FMC Corp		544		45
Freeport-McMoRan Inc, Cl B		6,259		42
International Flavors & Fragrances Inc		445		45
International Paper Co		1,792		56
Linde PLC		2,332		404
LyondellBasell Industries NV, Cl A		1,174		58
Martin Marietta Materials Inc, Cl A		274		52
Mosaic Co/The		1,663		18
Newmont Corp		3,486		158
Nucor Corp		1,223		44
Packaging Corp of America		383		33
PPG Industries Inc		1,044		87
Sealed Air Corp		652		16
Sherwin-Williams Co/The, Cl A		362		166
Vulcan Materials Co		596		64
Westrock Co		1,156		33

				2,269
Real Estate — 0.3%
Alexandria Real Estate Equities Inc ^‡		504		69
American Tower Corp, Cl A ^‡		1,924		419
Apartment Investment & Management Co, Cl A ^‡		659		23
AvalonBay Communities Inc ^‡		606		89
Boston Properties Inc ^‡		610		56
CBRE Group Inc, Cl A *^‡		1,365		52
Crown Castle International Corp ^‡		1,775		256
Digital Realty Trust Inc, Cl A ^‡		1,123		156
Duke Realty Corp ^‡		1,699		55
Equinix Inc ^‡		374		234
Equity Residential ^‡		1,530		95
Essex Property Trust Inc ^‡		294		65
Extra Space Storage Inc ^‡		559		54
Federal Realty Investment Trust ^‡		325		24
Healthpeak Properties Inc ^‡		2,116		51
Host Hotels & Resorts Inc ^‡		2,848		32
Iron Mountain Inc ^‡		1,253		30
Kimco Realty Corp ^‡		1,773		17
Mid-America Apartment Communities Inc ^‡		499		52
Prologis Inc ^‡		3,240		260
Public Storage ^‡		665		132
Realty Income Corp ^‡		1,409		70
Regency Centers Corp ^‡		713		27
SBA Communications Corp, Cl A ^‡		475		128
Simon Property Group Inc ^‡		1,344		74
SL Green Realty Corp ^‡		353		15
UDR Inc ^‡		1,209		44
Ventas Inc ^‡		1,615		43
Vornado Realty Trust ^‡		717		26
Welltower Inc ^‡		1,793		82



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Weyerhaeuser Co ^‡		3,303	$	56

				2,786
Utilities — 0.4%
AES Corp/VA		2,901		39
Alliant Energy Corp		1,029		50
Ameren Corp		1,093		80
American Electric Power Co Inc		2,140		171
American Water Works Co Inc		755		90
Atmos Energy Corp		500		50
CenterPoint Energy Inc		2,203		34
CMS Energy Corp		1,278		75
Consolidated Edison Inc		1,421		111
Dominion Energy Inc		3,516		254
DTE Energy Co		814		77
Duke Energy Corp		3,195		258
Edison International		1,586		87
Entergy Corp		828		78
Evergy Inc		984		54
Eversource Energy		1,437		112
Exelon Corp		4,214		155
FirstEnergy Corp		2,292		92
NextEra Energy Inc		2,125		511
NiSource Inc		1,591		40
NRG Energy Inc		1,209		33
Pinnacle West Capital Corp		451		34
PPL Corp		3,145		78
Public Service Enterprise Group Inc		2,234		100
Sempra Energy		1,213		137
Southern Co/The		4,535		246
WEC Energy Group Inc		1,395		123
Xcel Energy Inc		2,326		140

				3,309
Total Common Stock (Cost $72,178) ($ Thousands)				92,759

	Face Amount (Thousands)

MORTGAGE-BACKED SECURITIES — 11.0%

Agency Mortgage-Backed Obligations — 6.1%
FHLMC CMO, Ser 2014-4320, Cl SD, IO
5.395%, VAR ICE LIBOR USD 1 Month+6.100%,07/15/2039	$	488		93
FHLMC CMO, Ser 2019-4936, Cl PS, IO
5.295%, VAR ICE LIBOR USD 1 Month+6.000%,12/25/2049		394		51
FHLMC CMO, Ser 2019-4936, Cl ES, IO
5.295%, VAR ICE LIBOR USD 1 Month+6.000%,12/25/2049		406		47
FNMA
3.500%,02/01/2047		–		–
2.790%,01/01/2035 (F)		350		388


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		195

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

Multi-Asset Income Fund (Continued)



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
2.680%, 01/01/2035 to 02/01/2035	$	720	$	778
FNMA CMO, Ser 2012-115, Cl DS, IO
5.153%, VAR ICE LIBOR USD 1 Month+6.100%,10/25/2042		636		113
FNMA CMO, Ser 2015-30, Cl SJ, IO
4.653%, VAR ICE LIBOR USD 1 Month+5.600%,05/25/2045		829		141
FNMA CMO, Ser 2015-34, Cl LS, IO
5.153%, VAR ICE LIBOR USD 1 Month+6.100%,06/25/2045		1,243		215
FNMA CMO, Ser 2016-69, Cl BS, IO
5.153%, VAR ICE LIBOR USD 1 Month+6.100%,10/25/2046		1,134		207
FNMA CMO, Ser 2017-104, Cl SB, IO
5.203%, VAR ICE LIBOR USD 1 Month+6.150%,01/25/2048		1,987		280
FNMA CMO, Ser 2017-69, Cl SG, IO
5.203%, VAR ICE LIBOR USD 1 Month+6.150%,09/25/2047		2,634		412
FNMA CMO, Ser 2017-86, Cl SB, IO
5.203%, VAR ICE LIBOR USD 1 Month+6.150%,11/25/2047		2,217		335
FNMA CMO, Ser 2019-81, Cl SD, IO
5.053%, VAR ICE LIBOR USD 1 Month+6.000%,01/25/2050		577		78
FNMA Connecticut Avenue Securities, Ser 2017-C05, Cl 1M2
3.147%, VAR ICE LIBOR USD 1 Month+2.200%,01/25/2030		1,205		1,064
FNMA Connecticut Avenue Securities, Ser 2018-C03, Cl 1M2C
3.097%, VAR ICE LIBOR USD 1 Month+2.150%,10/25/2030		2,470		1,606
FNMA TBA
5.000%,04/30/2037		16,000		17,259
3.000%,04/01/2043		8,000		8,387
2.500%,04/01/2043		11,000		11,395
GNMA CMO, Ser 2010-9, Cl XD, IO
5.895%, VAR ICE LIBOR USD 1 Month+6.600%,01/16/2040		2,446		507
GNMA CMO, Ser 2013-124, Cl CS, IO
5.277%, VAR ICE LIBOR USD 1 Month+6.050%,08/20/2043		272		43
GNMA CMO, Ser 2014-117, Cl SJ, IO
4.827%, VAR ICE LIBOR USD 1 Month+5.600%,08/20/2044		773		127
GNMA CMO, Ser 2014-158, Cl SA, IO
4.895%, VAR ICE LIBOR USD 1 Month+5.600%,10/16/2044		357		68
GNMA CMO, Ser 2015-110, Cl MS, IO
4.937%, VAR ICE LIBOR USD 1 Month+5.710%,08/20/2045		421		64



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
GNMA CMO, Ser 2015-111, Cl IM, IO
4.000%,08/20/2045	$	3,614	$	418
GNMA CMO, Ser 2015-168, Cl IP, IO
4.000%,11/20/2045		1,485		115
GNMA CMO, Ser 2015-57, Cl AS, IO
4.827%, VAR ICE LIBOR USD 1 Month+5.600%,04/20/2045		2,972		431
GNMA CMO, Ser 2016-109, Cl IH, IO
4.000%,10/20/2045		2,043		200
GNMA CMO, Ser 2016-27, Cl IA, IO
4.000%,06/20/2045		1,085		98
GNMA CMO, Ser 2017-112, Cl SJ, IO
4.887%, VAR ICE LIBOR USD 1 Month+5.660%,07/20/2047		1,966		255
GNMA CMO, Ser 2018-105, Cl SC, IO
5.427%, VAR ICE LIBOR USD 1 Month+6.200%,08/20/2048		546		77
GNMA CMO, Ser 2018-122, Cl HS, IO
5.427%, VAR ICE LIBOR USD 1 Month+6.200%,09/20/2048		801		142
GNMA CMO, Ser 2018-122, Cl SE, IO
5.427%, VAR ICE LIBOR USD 1 Month+6.200%,09/20/2048		1,300		174
GNMA CMO, Ser 2018-124, Cl SN, IO
5.427%, VAR ICE LIBOR USD 1 Month+6.200%,09/20/2048		3,323		533
GNMA CMO, Ser 2018-137, Cl SN, IO
5.377%, VAR ICE LIBOR USD 1 Month+6.150%,10/20/2048		1,298		181
GNMA CMO, Ser 2018-139, Cl SQ, IO
5.377%, VAR ICE LIBOR USD 1 Month+6.150%,10/20/2048		981		140
GNMA CMO, Ser 2018-67, Cl PS, IO
5.427%, VAR ICE LIBOR USD 1 Month+6.200%,05/20/2048		3,045		417
GNMA CMO, Ser 2018-7, Cl DS, IO
4.927%, VAR ICE LIBOR USD 1 Month+5.700%,01/20/2048		2,253		318
GNMA CMO, Ser 2018-72, Cl IB, IO
4.000%,04/20/2046		931		103
GNMA CMO, Ser 2019-1, Cl SN, IO
5.277%, VAR ICE LIBOR USD 1 Month+6.050%,01/20/2049		760		104
GNMA CMO, Ser 2019-110, Cl SE, IO
5.327%, VAR ICE LIBOR USD 1 Month+6.100%,09/20/2049		1,973		248
GNMA CMO, Ser 2019-110, Cl SD, IO
5.327%, VAR ICE LIBOR USD 1 Month+6.100%,09/20/2049		1,843		268
GNMA CMO, Ser 2019-128, Cl IO, IO
4.000%,10/20/2049		1,447		165
GNMA CMO, Ser 2019-129, Cl AI, IO
3.500%,10/20/2049		3,752		526


196		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
GNMA CMO, Ser 2019-151, Cl NI, IO
3.500%,10/20/2049	$	5,573	$	525
GNMA CMO, Ser 2019-151, Cl IA, IO
3.500%,12/20/2049		2,976		365
GNMA CMO, Ser 2019-4, Cl SJ, IO
5.277%, VAR ICE LIBOR USD 1 Month+6.050%,01/20/2049		1,358		198
GNMA CMO, Ser 2019-6, Cl SA, IO
5.277%, VAR ICE LIBOR USD 1 Month+6.050%,01/20/2049		566		77
GNMA CMO, Ser 2019-69, Cl S, IO
2.497%, VAR ICE LIBOR USD 1 Month+3.270%,06/20/2049		616		48
GNMA CMO, Ser 2019-78, Cl SE, IO
5.327%, VAR ICE LIBOR USD 1 Month+6.100%,06/20/2049		503		71
GNMA CMO, Ser 2019-98, Cl SC, IO
5.277%, VAR ICE LIBOR USD 1 Month+6.050%,08/20/2049		1,554		240
GNMA TBA
2.500%,04/15/2048		1,000		1,045

				51,140
Non-Agency Mortgage-Backed Obligations — 4.9%
Alternative Loan Trust, Ser 2005-81, Cl A1
1.227%, VAR ICE LIBOR USD 1 Month+0.280%,02/25/2037		745		584
Barclays Commercial Mortgage Trust, Ser 2019-C5, Cl A4
3.063%,11/15/2052		870		892
Benchmark Mortgage Trust, Ser 2019-B11, Cl XA, IO
1.049%,05/15/2052 (F)		10,934		773
BX Commercial Mortgage Trust, Ser 2018- BIOA, Cl E
2.656%, VAR ICE LIBOR USD 1 Month+1.951%,03/15/2037 (A)		2,000		1,600
BX Commercial Mortgage Trust, Ser 2019- IMC, Cl E
2.855%, VAR ICE LIBOR USD 1 Month+2.150%,04/15/2034 (A)		1,970		1,678
BX Trust, Ser 2018-GWMZ, Cl MC
6.193%, VAR ICE LIBOR USD 1 Month+5.488%,05/15/2037 (A)		1,100		830
Capmark Military Housing Trust, Ser 2007- AET2, Cl A
6.063%,10/10/2052 (A)		947		1,313
CGMS Commercial Mortgage Trust, Ser 2017- MDRA, Cl C
3.752%,07/10/2030 (A)(F)		1,620		1,559
Credit Suisse Mortgage Trust, Ser 2019, Cl B
8.740%,12/15/2021		1,440		1,331



Description	Face Amount (Thousands)		Market Value ($ Thousands)
MORTGAGE-BACKED SECURITIES (continued)
CSMC, Ser 2019-UVIL, Cl A
3.160%,12/15/2041 (A)	$	950	$	862
CSMC, Ser 2014-USA, Cl E
4.373%,09/15/2037 (A)		320		234
CSWF, Ser 2018-TOP, Cl D
2.505%, VAR ICE LIBOR USD 1 Month+1.800%,08/15/2035 (A)		1,174		944
FHLMC Stacr Remic Trust, Ser 2020-DNA1, Cl B1
3.247%, VAR ICE LIBOR USD 1 Month+2.300%,01/25/2050 (A)		370		140
FHLMC Structured Agency Credit Risk Debt
Notes, Ser 2017-DNA1, Cl M2
4.197%, VAR ICE LIBOR USD 1 Month+3.250%,07/25/2029		1,570		1,382
GE Business Loan Trust, Ser 2007-1, Cl C
1.155%, VAR ICE LIBOR USD 1 Month+0.450%,04/16/2035 (A)		372		332
GMACM Mortgage Loan Trust, Ser 2005-AF2, Cl A1
6.000%,12/25/2035		1,393		1,263
GS Mortgage Securities Trust, Ser 2017-STAY, Cl E
2.855%, VAR ICE LIBOR USD 1 Month+2.150%,07/15/2032 (A)		1,000		866
GS Mortgage Securities Trust, Ser 2018- SRP5, Cl C
5.731%,09/15/2031		1,970		1,845
GS Mortgage Securities Trust, Ser 2020- DUNE, Cl A
1.805%, VAR ICE LIBOR USD 1 Month+1.100%,12/15/2036 (A)		1,830		1,484
HarborView Mortgage Loan Trust, Ser 2006- 10, Cl 2A1B
0.990%, VAR ICE LIBOR USD 1 Month+0.240%,11/19/2036		2,642		1,825
Impac CMB Trust, Ser 2005-4, Cl 1M1
1.592%, VAR ICE LIBOR USD 1 Month+0.645%,05/25/2035		1,427		1,254
JPMCC Commercial Mortgage Securities
Trust, Ser 2019-BOLT, Cl C
4.505%, VAR ICE LIBOR USD 1 Month+3.800%,07/15/2034 (A)		1,697		1,461
JPMCC Commercial Mortgage Securities
Trust, Ser 2019-BOLT, Cl XCP, IO
2.052%,07/15/2034 (A)(F)		2,368		61
JPMorgan Chase Commercial Mortgage
Securities, Ser 2019-BKWD, Cl E
3.305%, VAR ICE LIBOR USD 1 Month+2.600%,09/15/2029 (A)		1,730		1,642
Lone Star Portfolio Trust, Ser 2015-LSP, Cl E
6.555%, VAR ICE LIBOR USD 1 Month+5.850%,09/15/2028 (A)		817		716


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		197

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

Multi-Asset Income Fund (Continued)



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
Lone Star Portfolio Trust, Ser 2015-LSP, Cl F
7.855%, VAR ICE LIBOR USD 1 Month+7.150%,09/15/2028 (A)	$	853	$	737
Mangolia Finance XI, Ser 2019-3, Cl A
4.670%,08/09/2024		1,000		999
Morgan Stanley Re-REMIC Trust, Ser 2010- R5, Cl 4B
3.899%,06/26/2036 (A)		394		311
Mortgage Insurance-Linked Notes, Ser 2020- 1, Cl M1C
2.697%, VAR ICE LIBOR USD 1 Month+1.750%,02/25/2030 (A)		1,830		1,329
Motel 6 Trust, Ser 2017-MTL6, Cl F
4.955%, VAR ICE LIBOR USD 1 Month+4.250%,08/15/2034 (A)		1,204		610
Natixis Commercial Mortgage Securities Trust, Ser 2019-TRUE, Cl A
2.622%, VAR ICE LIBOR USD 1 Month+2.011%,04/18/2024 (A)		870		834
Nomura Asset Acceptance Alternative Loan Trust, Ser 2003-A1, Cl M
6.502%,05/25/2033 (F)		807		651
Nomura Resecuritization Trust, Ser 2015-4R, Cl 5A1
2.113%, VAR ICE LIBOR USD 1 Month+0.430%,03/26/2036 (A)		564		535
PMT Credit Risk Transfer Trust, Ser 2019-3R, Cl A
3.659%, VAR ICE LIBOR USD 1 Month+2.700%,10/27/2022 (A)		1,098		1,052
RALI Series Trust, Ser 2006-QO2, Cl A2
1.217%, VAR ICE LIBOR USD 1 Month+0.270%,02/25/2046		1,506		369
RALI Series Trust, Ser 2007-QO2, Cl A1
1.097%, VAR ICE LIBOR USD 1 Month+0.150%,02/25/2047		1,070		473
Seasoned Credit Risk Transfer Trust, Ser 2018-1, Cl M
4.750%,05/25/2057 (F)		1,720		1,331
Seasoned Credit Risk Transfer Trust, Ser 2018-3, Cl M
4.750%,08/25/2057 (A)(F)		1,125		806
Seasoned Credit Risk Transfer Trust, Ser 2019-4, Cl M
4.500%,02/25/2059 (A)(F)		1,720		1,330
Seasoned Credit Risk Transfer Trust, Ser 2020-1, Cl M
4.250%,08/25/2059 (A)(F)		2,230		2,350
Shops at Crystals Trust, Ser 2106-CSTL, Cl D
3.731%,07/05/2036 (A)(F)		885		701



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
WaMu Mortgage Pass-Through Certificates Trust, Ser 2007-OA2, Cl 1A
2.666%, VAR 12 Month Treas Avg+0.700%,03/25/2047	$	19	$	17

				41,306
Total Mortgage-Backed Securities (Cost $99,525) ($ Thousands)				92,446

LOAN PARTICIPATIONS — 9.9%
1011778 B.C. Unlimited Liability Company (New Red Finance, Inc.) (aka Burger King/ Tim Hortons), Term B-4 Loan, 1st Lien
2.739%, VAR LIBOR+1.750%, 11/19/2026		864		795
Academy, Ltd., Initial Term Loan, 1st Lien
5.581%, VAR LIBOR+4.000%, 07/01/2022		662		353
Acrisure, LLC, 2020 Term Loan, 1st Lien
5.207%, VAR LIBOR+3.500%, 02/15/2027		370		325
AI Agua Merger (Culligan), Term Loan B-1, 1st Lien
4.322%, 12/13/2023		950		807
AI Aqua Merger Sub, Inc., 2017 Incremental Term Loan, 1st Lien
4.322%, VAR LIBOR+3.250%, 12/13/2023		595		506
Albany Molecular Research, Inc., Initial Term Loan, 1st Lien
4.853%, 08/30/2024 (F)		737		635
Allen Media, Term Loan, 1st Lien
7.231%, 02/10/2027		530		440
Allied Universal Holdco LLC (f/k/a USAGM Holdco, LLC), Initial Term Loan, 1st Lien
5.239%, VAR LIBOR+4.250%, 07/10/2026		1,297		1,193
Alterra Mountain Company, Initial Bluebird Term Loan, 1st Lien
3.739%, VAR LIBOR+2.750%, 07/31/2024		561		505
Amentum Government Services Holdings LLC, Initial Term Loan, 1st Lien
4.989%, VAR LIBOR+4.000%, 01/29/2027		550		505
American Axle & Manufacturing, Inc., Tranche B Term Loan, 1st Lien
3.200%, VAR LIBOR+2.250%, 04/06/2024		437		361


198		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020



Description	Face Amount (Thousands)	Market Value ($ Thousands)

LOAN PARTICIPATIONS (continued)
American Renal Holdings Inc., Term B Loan, 1st Lien
5.989%, VAR LIBOR+5.000%, 06/21/2024	$926	$785
AmeriLife Holdings LLC, Delayed Draw A Term Loan, 1st Lien
0.000%, 03/18/2027 (I)	18	15
AmeriLife Holdings LLC, Initial Term Loan, 1st Lien
4.612%, VAR LIBOR+4.000%, 03/18/2027	142	115
Apex Tool Group, LLC, Third Amendment Term Loan, 1st Lien
6.500%, VAR LIBOR+5.250%, 08/01/2024	1,240	948
APi Group, Term B Loan, 1st Lien
4.103%, 10/01/2026	840	714
Applovin Corporation, Initial Term Loan, 1st Lien
4.489%, VAR LIBOR+3.500%, 08/15/2025	506	450
Asurion, LLC (fka Asurion Corporation), Amendment No. 14 Replacement B-4 Term Loan, 1st Lien
3.989%, VAR LIBOR+3.000%, 08/04/2022	586	553
Asurion, LLC (fka Asurion Corporation), New B-7 Term Loan, 1st Lien
3.989%, VAR LIBOR+3.000%, 11/03/2024	734	694
Asurion, LLC (fka Asurion Corporation), Second Lien Replacement B-2 Term Loan, 2nd Lien
7.489%, VAR LIBOR+6.500%, 08/04/2025	380	346
athenahealth, Inc., Term B Loan, 1st Lien
5.284%, VAR LIBOR+4.500%, 02/11/2026	933	868
Bass Pro Group, Term Loan B
6.072%, VAR LIBOR+5.000%, 09/25/2024	559	466
Bausch Health Companies Inc., Initial Term Loan, 1st Lien
3.612%, VAR LIBOR+3.000%, 06/02/2025	174	165
Berry Plastics, Term Loan, 1st Lien
2.863%, 10/01/2022	806	768
Blackstone CQP Holdco LP, Initial Term Loan, 1st Lien
4.616%, 09/30/2024	995	774



Description	Face Amount (Thousands)		Market Value ($ Thousands)

LOAN PARTICIPATIONS (continued)
Boyd Gaming Corporation, Refinancing Term B Loan, 1st Lien
2.934%, VAR LIBOR+2.500%, 09/15/2023	$	318	$	274
Brookfield WEC Holdings Inc., Initial Term Loan (2020), 1st Lien
3.989%, VAR LIBOR+3.000%, 08/01/2025		1,137		1,069
BWay Holding Company , Initial Term Loan, 1st Lien
5.084%, VAR LIBOR+3.250%, 04/03/2024		938		760
Caesars Resort Collection, LLC (fka Caesars Growth Properties Holdings, LLC), Term B Loan, 1st Lien
3.739%, VAR LIBOR+2.750%, 12/23/2024		1,114		895
Castle US Holding Corporation, Initial Dollar Term Loan, 1st Lien
5.200%, VAR LIBOR+3.750%, 01/29/2027		370		293
CEOC, LLC, Term B Loan, 1st Lien
2.989%, VAR LIBOR+2.000%, 10/07/2024		867		701
Change Healthcare Holdings, Inc. (fka Emdeon Inc.), Closing Date Term Loan, 1st Lien
3.500%, VAR LIBOR+2.500%, 03/01/2024		1,569		1,476
Charter Communications Operating, LLC, Term B-2 Loan, 1st Lien
2.740%, VAR LIBOR+1.750%, 02/01/2027		638		610
Charter NEX US, Inc., Initial Term Loan, 1st Lien
4.603%, VAR LIBOR+3.250%, 05/16/2024		929		785
Chesapeake Energy Corporation, Class A Term Loan, 1st Lien
9.000%, VAR LIBOR+8.000%, 06/24/2024		1,260		485
Commscope, Inc., Initial Term Loan, 1st Lien
4.239%, VAR LIBOR+3.250%, 04/06/2026		1,481		1,392
Consolidated Communications, Term Loan B
4.000%, VAR LIBOR+3.000%, 10/05/2023		940		821
CoreCivic, Inc., Term Loan, 1st Lien
5.500%, VAR LIBOR+4.500%, 12/18/2024		380		331


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		199

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

Multi-Asset Income Fund (Continued)



Description	Face Amount (Thousands)		Market Value ($ Thousands)

LOAN PARTICIPATIONS (continued)
Crosby US Acquisition Corp., Initial Term Loan, 1st Lien
5.750%, VAR LIBOR+4.750%, 06/26/2026	$	1,020	$	802
Crown Finance US, Inc., Initial Dollar Tranche Term Loan, 1st Lien
3.322%, VAR LIBOR+2.250%, 02/28/2025		1,266		855
CSC Holdings, LLC, March 2017 Refinancing Term Loan, 1st Lien
2.862%, VAR LIBOR+2.250%, 07/17/2025		495		471
CSC Holdings, LLC, September 2019 Initial Term Loan, 1st Lien
3.112%, VAR LIBOR+2.500%, 04/15/2027		448		427
DCert Buyer, Inc., Initial Term Loan, 1st Lien
4.989%, VAR LIBOR+4.000%, 10/16/2026 (I)		1,840		1,631
Deerfield Dakota Holdings, Term Loan, 1st Lien
0.000%, 03/05/2027 (I)		250		210
Deerfield, Term Loan, 1st Lien
0.000%, 03/06/2028 (I)		840		828
Edelman Financial Center, LLC, The (fka Flight Debt Merger Sub Inc.), Initial Term Loan, 1st Lien
4.179%, VAR LIBOR+3.250%, 07/21/2025		238		201
Elanco Animal Health Inc., Term Loan, 1st Lien
0.000%, 02/04/2027 (I)		410		387
Endo Luxembourg Finance Company I S.a r.l., Initial Term Loan, 1st Lien
5.250%, VAR LIBOR+4.250%, 04/29/2024		280		250
Entercom Media Corp., Term B-2 Loan, 1st Lien
3.489%, VAR LIBOR+2.500%, 11/18/2024		394		355
Envision Healthcare Corporation, Initial Term Loan, 1st Lien
4.739%, VAR LIBOR+3.750%, 10/10/2025		850		429
Equinox Holdings, Term Loan, 1st Lien
4.603%, 03/08/2024 (I)		389		282
EyeCare Partners, LLC, Term Loan, 1st Lien
5.418%, 02/05/2027		624		499
EyeCare Partners, Term Loan, 1st Lien
0.000%, 02/05/2027 (I)		51		41
EyeCare Partners, Term Loan, 1st Lien Cov-Lite
0.000%, 02/04/2028 (I)		550		467



Description	Face Amount (Thousands)		Market Value ($ Thousands)

LOAN PARTICIPATIONS (continued)
First Eagle Holdings, Term Loan
3.950%, 02/01/2027	$	60	$	50
Focus Financial Partnersm LLC, Tranche B-3, Term Loan, 1st Lien
3.603%, 07/03/2024		826		738
Froneri International Limited, Facility B1, 1st Lien
2.625%, VAR Euribor+2.625%, 01/29/2027		330		342
Froneri International Limited, Facility B2, 1st Lien
3.239%, VAR LIBOR+2.250%, 01/29/2027		480		455
Gannett Holdings LLC, Term Loan, 1st Lien
11.500%, VAR FIXED+11.500%, 11/19/2024		837		795
Garda World Security Corporation, Initial Term Loan, 1st Lien
6.390%, VAR LIBOR+4.750%, 10/30/2026		1,189		1,117
Genesee & Wyoming Inc., Initial Term Loan, 1st Lien
3.450%, VAR LIBOR+2.000%, 12/30/2026 (I)		660		629
Getty Images, Inc., Initial Dollar Term Loan, 1st Lien
5.500%, VAR LIBOR+4.500%, 02/19/2026		565		447
GFL Environmental Inc., Effective Date Incremental Term Loan, 1st Lien
6.250%, 05/30/2025		94		91
3.989%, 05/30/2025 (F)		525		507
Global Medical Response, Inc., 2018 Term Loan, 1st Lien
5.863%, VAR LIBOR+4.250%, 03/14/2025		940		837
4.932%, VAR LIBOR+3.250%, 04/28/2022 (I)		786		725
Global TeleLink, Term Loan, 1st Lien
5.853%, 11/29/2025		586		493
GlobalTranz Enterprises, Inc., Initial Term Loan, 1st Lien
5.929%, 05/15/2026		530		375
Golden Nugget, Inc., Initial B Term Loan, 1st Lien
4.103%, VAR LIBOR+2.750%, 10/04/2023 (I)		464		359
3.695%, VAR LIBOR+2.750%, 10/04/2023		394		305
Grifols Worldwide Operations Limited, Dollar Tranche B Term Loan, 1st Lien
2.684%, VAR LIBOR+2.000%, 11/15/2027		470		443


200		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020



Description	Face Amount (Thousands)		Market Value ($ Thousands)

LOAN PARTICIPATIONS (continued)
Hilton Worldwide Finance LLC, Refinanced Series B-2 Term Loan, 1st Lien
2.697%, VAR LIBOR+1.750%, 06/22/2026	$	430	$	406
Hornblower Inc, Term Loan, 1st Lien
5.950%, 04/28/2025 (F)		400		220
Hoya Midco, LLC, Initial Term Loan, 1st Lien
4.572%, VAR LIBOR+3.500%, 06/30/2024		939		667
Hub International Limited, Initial Term Loan, 1st Lien
4.551%, VAR LIBOR+2.750%, 04/25/2025		499		464
iHeartCommunications, Inc. (fka Clear Channel Communications, Inc.), New Term Loan, 1st Lien
3.989%, VAR LIBOR+3.000%, 05/01/2026		557		466
Immucor, Inc., Term B-3 Loan, 1st Lien
6.450%, VAR LIBOR+5.000%, 06/15/2021		708		605
INEOS Enterprises Holdings Limited, Refinancing Tranche B Dollar Term Loan, 1st Lien
5.113%, VAR LIBOR+3.500%, 08/28/2026		697		611
Innophos Holdings, Inc., Initial Term Loan, 1st Lien
4.755%, VAR LIBOR+3.750%, 02/05/2027		520		441
Jaguar Holding Company I, LLC (fka Jaguar Holding Company I), 2018 Term Loan, 1st Lien
3.500%, VAR LIBOR+2.500%, 08/18/2022		933		888
Jane Street Group, LLC, New Dollar Term Loan, 1st Lien
4.613%, VAR LIBOR+3.000%, 01/31/2025		754		671
Level 3 Financing, Inc., Tranche B 2027 Term Loan, 1st Lien
2.739%, VAR LIBOR+1.750%, 03/01/2027		358		332
Lineage Logistics, LLC, Term Loan, 1st Lien
4.000%, VAR LIBOR+3.000%, 02/27/2025		393		365
Lions Gate Capital Holdings LLC, Term B Loan, 1st Lien
3.239%, VAR LIBOR+2.250%, 03/24/2025		155		139
McAfee, LLC, Term B USD Loan
4.691%, 09/30/2024		857		800



Description	Face Amount (Thousands)		Market Value ($ Thousands)

LOAN PARTICIPATIONS (continued)
McGraw-Hill Global Education Holdings LLC, Term Loan, 1st Lien
11.000%, 04/20/2022 (D)	$	300	$	251
McGraw-Hill Global Education Holdings, LLC, Term B Loan, 1st Lien
5.450%, VAR LIBOR+4.000%, 05/04/2022		481		391
Michaels Stores, Inc., 2018 New Replacement Term B Loan
3.568%, VAR LIBOR+2.500%, 01/30/2023		250		208
Michaels Stores, Inc., 2018 New Replacement Term B Loan, 1st Lien
3.558%, VAR LIBOR+2.500%, 01/30/2023		648		538
3.500%, VAR LIBOR+2.500%, 01/30/2023		460		382
Misys Limited, Dollar Term Loan, 1st Lien
5.277%, VAR LIBOR+3.500%, 06/13/2024		800		680
Mitchell International, Inc., Initial Term Loan, 1st Lien
4.239%, 11/29/2024 (F)		990		818
Mohegan Tribal Gaming Authority, Term B Loan, 1st Lien
5.375%, VAR LIBOR+4.375%, 10/13/2023		1,208		852
Momentive Performance Materials Inc., Initial Dollar Term Loan, 1st Lien
4.240%, 05/15/2024		657		528
MPH Acquisition Holdings LLC, Initial Term Loan, 1st Lien
4.200%, VAR LIBOR+2.750%, 06/07/2023		822		724
Navistar, Inc., Tranche B Term Loan, 1st Lien
4.280%, VAR LIBOR+3.500%, 11/06/2024		539		464
Nexstar Broadcasting, Inc., Term B-4 Loan, 1st Lien
4.331%, VAR LIBOR+2.750%, 09/18/2026		836		775
Nouryon Finance B.V., Initial Dollar Term Loan, 1st Lien
3.863%, VAR LIBOR+3.000%, 10/01/2025		1,547		1,377
Option Care Health, Inc., Term B Loan, 1st Lien
5.489%, VAR LIBOR+4.500%, 08/06/2026		940		771
Panther BF Aggregator 2 L P, Initial Dollar Term Loan, 1st Lien
4.441%, VAR LIBOR+3.500%, 04/30/2026		1,117		1,017


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		201

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

Multi-Asset Income Fund (Continued)



Description	Face Amount (Thousands)		Market Value ($ Thousands)

LOAN PARTICIPATIONS (continued)
Party City Holdings Inc., 2018 Replacement Term Loan, 1st Lien
4.100%, 08/19/2022 (F)	$	527	$	256
Petco Animal Supplies, Inc., Term Loan, 1st Lien
5.027%, VAR LIBOR+3.250%, 01/26/2023		737		507
PetSmart, Inc., Amended Loan, 1st Lien
5.000%, VAR LIBOR+4.000%, 03/11/2022		673		643
Phoenix Guarantor Inc., Tranche B-1 Term Loan, 1st Lien
4.113%, VAR LIBOR+3.250%, 03/05/2026		716		647
Playtika Holding Corp., Term B Loan, 1st Lien
7.072%, VAR LIBOR+6.000%, 12/10/2024		1,200		1,114
Ply Gem Midco, Inc., Initial Term Loan, 1st Lien
4.561%, VAR LIBOR+3.750%, 04/12/2025		1,729		1,461
Prime Security Services Borrower, LLC (aka Protection 1 Security Solutions) , 2019 Refinancing Term B-1 Loan, 1st Lien
4.606%, VAR LIBOR+3.250%, 09/23/2026		1,414		1,263
Project Alpha, Term Loan, 1st Lien
6.130%, 04/26/2024		239		214
Radnet Management, Inc., Term B-1 Loan, 1st Lien
5.350%, VAR LIBOR+3.500%, 06/30/2023		889		767
Regionalcare Hospital Partners Holdings, Inc., Term B Loan, 1st Lien
4.739%, 11/16/2025 (F)		1,190		1,099
Reynolds Consumer Products LLC, Initial Term Loan, 1st Lien
3.501%, VAR LIBOR+1.750%, 02/04/2027		233		219
Reynolds Group Holdings Inc., Incremental U.S. Term Loan, 1st Lien
3.739%, VAR LIBOR+2.750%, 02/05/2023		798		751
Rockwood Service Corporation, Initial Term Loan, 1st Lien
5.700%, VAR LIBOR+4.250%, 01/23/2027		70		59
Science Applications International Corporation, Term Loan, 1st Lien
0.000%, 03/05/2027 (I)		360		337



Description	Face Amount (Thousands)		Market Value ($ Thousands)

LOAN PARTICIPATIONS (continued)
Scientific Games International, Inc., Initial Term B-5 Loan, 1st Lien
4.369%, VAR LIBOR+2.750%, 08/14/2024	$	813	$	653
Sedgwick Claims Management Services, Inc. (Lightning Cayman Merger Sub, Ltd.), Initial Term Loan, 1st Lien
4.239%, VAR LIBOR+3.250%, 12/31/2025		868		763
Sotera Health Holdings, LLC, Initial Term Loan, 1st Lien
5.500%, VAR LIBOR+4.500%, 12/11/2026		870		753
Sprint Communications, Inc., 2019 Incremental Term Loan Retired 04/01/2020, 1st Lien
4.000%, VAR LIBOR+3.000%, 02/02/2024		943		936
Sprint Communications, Inc., Initial Term Loan Retired 04/01/2020, 1st Lien
3.500%, VAR LIBOR+2.500%, 02/02/2024		90		89
SS&C Technologies Holdings, Inc., Term B-3 Loan, 1st Lien
2.739%, VAR LIBOR+1.750%, 04/16/2025		374		349
SS&C Technologies Holdings, Inc., Term B-4 Loan, 1st Lien
2.739%, VAR LIBOR+1.750%, 04/16/2025		267		249
Stars Group Holdings B.V., USD Term Loan, 1st Lien
4.950%, VAR LIBOR+3.500%, 07/10/2025		527		502
Surf Holdings S.a r.l., Dollar Tranche Term Loan, 1st Lien
4.814%, VAR LIBOR+3.500%, 03/05/2027		470		416
Swissport International AG, Initial Term Loan, 1st Lien
4.500%, VAR Euribor+4.500%, 08/14/2024		1,500		933
Terrier Media Buyer, Inc., Term B Loan, 1st Lien
5.700%, VAR LIBOR+4.250%, 12/17/2026		950		838
TKC Holdings, Inc. Term Loan B
4.750%, VAR LIBOR+3.750%, 02/01/2023		692		552
Travelport Finance (Luxembourg) S.a r.l., Initial Term Loan, 1st Lien
6.072%, VAR LIBOR+5.000%, 05/29/2026		923		591


202		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020



Description	Face Amount (Thousands)		Market Value ($ Thousands)

LOAN PARTICIPATIONS (continued)
U.S. Renal Care, Inc., Initial Term Loan, 1st Lien
6.000%, VAR LIBOR+5.000%, 06/26/2026	$	1,571	$	1,358
UFC Holdings, LLC, Term Loan, 1st Lien
4.250%, VAR LIBOR+3.250%, 04/29/2026		796		693
UGI Energy Services, LLC, Initial Term Loan, 1st Lien
4.739%, VAR LIBOR+3.750%, 08/13/2026		348		294
Ultimus Group Midco LLC, The, Initial Term Loan, 1st Lien
4.739%, VAR LIBOR+3.750%, 05/04/2026		678		630
Univision Communications Inc., 2017 Replacement Repriced First-Lien Term Loan, 1st Lien
3.750%, VAR LIBOR+2.750%, 03/15/2024		1,094		922
USI, Inc., 2019 New Term Loan, 1st Lien
3.989%, VAR LIBOR+3.000%, 05/16/2024		940		856
Verscend Holding Corp., Term B Loan, 1st Lien
5.489%, VAR LIBOR+4.500%, 08/27/2025		219		206
Vertafore, Inc., Initial Term Loan, 1st Lien
4.239%, VAR LIBOR+3.250%, 07/02/2025		941		824
VFH Parent LLC, Initial Term Loan, 1st Lien
4.005%, VAR LIBOR+3.000%, 03/01/2026 (I)		299		271
Virgin Media Bristol LLC, N Facility, 1st Lien
3.205%, VAR LIBOR+2.500%, 01/31/2028		935		860
WMG Acquisition Corp., Tranche F Term Loan, 1st Lien
3.114%, 11/01/2023		950		921
WP City, Term Loan, 1st Lien
6.445%, 08/13/2026		850		754

Total Loan Participations (Cost $96,450) ($ Thousands)				83,222

ASSET-BACKED SECURITIES — 5.5%

Automotive — 0.5%

Avis Budget Rental Car Funding AESOP, Ser 2019-3A, Cl C
3.150%, 03/20/2026 (A)		820		751



Description	Face Amount (Thousands)		Market Value ($ Thousands)

ASSET-BACKED SECURITIES (continued)
Hertz Vehicle Financing II, Ser 2016-2A, Cl C
4.990%, 03/25/2022 (A)	$	3,000	$	2,994
				3,745

Mortgage Related Securities — 0.4%

ACE Securities Home Equity Loan Trust, Ser 2004-HE3, Cl M1
1.877%, VAR ICE LIBOR USD 1 Month+0.930%, 11/25/2034		680		625
Aegis Asset Backed Securities Trust, Ser 2005-5, Cl M1
1.377%, VAR ICE LIBOR USD 1 Month+0.430%, 12/25/2035		990		827
Asset Backed Securities Home Equity Loan Trust Series RFC, Ser 2007-HE1, Cl A4
1.087%, VAR ICE LIBOR USD 1 Month+0.140%, 12/25/2036		1,916		1,554
				3,006

Other Asset-Backed Securities — 4.6%

522 Funding CLO, Ser 2019-1A, Cl E
0.232%, 01/15/2033		250		169
ACIS CLO, Ser 2014-4A, Cl A
3.183%, VAR ICE LIBOR USD 3 Month+1.420%, 05/01/2026 (A)		240		237
American Tower Trust, Ser 2013-13, Cl 2A
3.070%, 03/15/2048 (A)		1,660		1,631
Apidos CLO XXII, Ser 2020-22A, Cl DR
7.885%, VAR ICE LIBOR USD 3 Month+6.750%, 04/20/2031 (A)		680		441
Apidos CLO XXII, Ser 2020-22A, Cl ER
0.647%, VAR ICE LIBOR USD 3 Month+8.650%, 04/20/2031 (A)		370		207
Ares XXV CLO, Ser 2013-3A, Cl SUB
%, 01/17/2024 (A)(D)(F)		750		1
Atlas Senior Loan Fund III, Ser 2017-1A, Cl AR
2.522%, VAR ICE LIBOR USD 3 Month+0.830%, 11/17/2027 (A)		990		956
Avery Point VI CLO, Ser 2018-6A, Cl DR
4.691%, VAR ICE LIBOR USD 3 Month+2.950%, 08/05/2027 (A)		610		487
Benefit Street Partners CLO IV, Ser 2019-IVA, Cl CRR
5.619%, VAR ICE LIBOR USD 3 Month+3.800%, 01/20/2029 (A)		370		288
BlueMountain CLO, Ser 2018-1A, Cl CR
3.669%, VAR ICE LIBOR USD 3 Month+1.850%, 04/20/2027 (A)		700		611
BlueMountain CLO, Ser 2018-2A, Cl AR2
2.745%, VAR ICE LIBOR USD 3 Month+1.050%, 11/20/2028 (A)		340		327


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		203

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

Multi-Asset Income Fund (Continued)



Description	Face Amount (Thousands)		Market Value ($ Thousands)

ASSET-BACKED SECURITIES (continued)
BlueMountain CLO, Ser 2018-2A, Cl ER
7.019%, VAR ICE LIBOR USD 3 Month+5.200%, 07/18/2027 (A)	$	1,000	$	588
Bristol Park CLO, Ser 2020-1A, Cl ER
8.627%, VAR ICE LIBOR USD 3 Month+7.000%, 04/15/2029 (A)		500		388
Carlyle Global Market Strategies CLO, Ser 2018-2RA, Cl A1
2.742%, VAR ICE LIBOR USD 3 Month+1.050%, 05/15/2031 (A)		1,060		989
Carlyle US CLO, Ser 2017-1A, Cl A1B
3.049%, VAR ICE LIBOR USD 3 Month+1.230%, 04/20/2031 (A)		650		611
Catskill Park CLO, Ser 2017-1A, Cl D
7.819%, VAR ICE LIBOR USD 3 Month+6.000%, 04/20/2029 (A)		900		520
Cent CLO 24, Ser 2018-24A, Cl CR
4.981%, VAR ICE LIBOR USD 3 Month+3.150%, 10/15/2026 (A)		520		413
Copper River, Ser 2017-1
0.000%, 01/20/2021 (A)		3,000		4
Countrywide Asset-Backed Certificates, Ser 2006-12, Cl 1A
1.077%, VAR ICE LIBOR USD 1 Month+0.130%, 12/25/2036		1,449		1,092
CSMC Trust, Ser 2017-RPL1, Cl M2
3.074%, 07/25/2057 (A)(F)		1,190		774
Cumberland Park CLO, Ser 2018-2A, Cl DR
4.519%, VAR ICE LIBOR USD 3 Month+2.700%, 07/20/2028 (A)		500		407
Cumberland Park CLO, Ser 2018-2A, Cl ER
7.469%, VAR ICE LIBOR USD 3 Month+5.650%, 07/20/2028 (A)		600		403
Dividend Solar Loans, Ser 2019-1, Cl A
3.670%, 08/22/2039 (A)		613		576
First Franklin Mortgage Loan Trust, Ser 2006-FF15, Cl A5
1.107%, VAR ICE LIBOR USD 1 Month+0.160%, 11/25/2036		1,687		1,547
Flagship VII, Ser 2017-7A, Cl CR
4.169%, VAR ICE LIBOR USD 3 Month+2.350%, 01/20/2026 (A)		1,500		1,450
Flatiron CLO 17, Ser 2017-1A, Cl A
2.942%, VAR ICE LIBOR USD 3 Month+1.250%, 05/15/2030 (A)		500		488
GoldenTree Loan Opportunities IX, Ser 2018- 9A, Cl ER2
7.435%, VAR ICE LIBOR USD 3 Month+5.660%, 10/29/2029 (A)		250		176
Halsey Point CLO I, Ser 2019-1A, Cl F
10.107%, VAR ICE LIBOR USD 3 Month+8.200%, 01/20/2033 (A)		290		156



Description	Face Amount (Thousands)		Market Value ($ Thousands)

ASSET-BACKED SECURITIES (continued)
Jackson Mill CLO, Ser 2018-1A, Cl DR
4.631%, VAR ICE LIBOR USD 3 Month+2.800%, 04/15/2027 (A)	$	1,250	$	983
Jamestown CLO X, Ser 2017-10A, Cl A1
3.086%, VAR ICE LIBOR USD 3 Month+1.250%, 07/17/2029 (A)		750		719
JPMorgan Mortgage Acquisition Trust, Ser 2007-CH5, Cl A5
1.207%, VAR ICE LIBOR USD 1 Month+0.260%, 06/25/2037		1,400		1,314
KKR CLO 11, Ser 2017-11, Cl AR
3.011%, VAR ICE LIBOR USD 3 Month+1.180%, 01/15/2031 (A)		350		328
KKR CLO, Ser 2018-21, Cl A
2.831%, VAR ICE LIBOR USD 3 Month+1.000%, 04/15/2031 (A)		500		470
LCM XXII, Ser 2018-22A, Cl DR
7.319%, VAR ICE LIBOR USD 3 Month+5.500%, 10/20/2028 (A)		350		237
Legacy Mortgage Asset Trust, Ser 2019-GS1, Cl A1
4.000%, 01/25/2059 (A)		651		588
Madison Park Funding XXVI, Ser 2017-26A, Cl AR
2.975%, VAR ICE LIBOR USD 3 Month+1.200%, 07/29/2030 (A)		710		681
Marathon CLO 14, Ser 2019-2A, Cl BA
5.203%, VAR ICE LIBOR USD 3 Month+3.300%, 01/20/2033 (A)		330		282
Marathon CLO V, Ser 2017-5A, Cl A1R
2.566%, VAR ICE LIBOR USD 3 Month+0.870%, 11/21/2027 (A)		1,185		1,144
Marathon, Ser 2005-2A
0.000%, 12/20/2019 (A)(D)		750		–
Oaktree CLO, Ser 2019-1A, Cl D
5.602%, VAR ICE LIBOR USD 3 Month+3.800%, 04/22/2030 (A)		250		175
OCP CLO, Ser 2017-13A, Cl A1A
3.091%, VAR ICE LIBOR USD 3 Month+1.260%, 07/15/2030 (A)		1,700		1,611
Octagon Investment Partners XIX, Ser 2017- 1A, Cl AR
2.931%, VAR ICE LIBOR USD 3 Month+1.100%, 04/15/2026 (A)		179		178
Octagon Investment Partners XXIII, Ser 2018- 1A, Cl ER
7.581%, VAR ICE LIBOR USD 3 Month+5.750%, 07/15/2027 (A)		450		304
OHA Loan Funding, Ser 2019-1A, Cl DR2
5.692%, VAR ICE LIBOR USD 3 Month+4.000%, 11/15/2032 (A)		250		190


204		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020



Description	Face Amount (Thousands)		Market Value ($ Thousands)

ASSET-BACKED SECURITIES (continued)
OZLM VII, Ser 2018-7RA, Cl CR
4.836%, VAR ICE LIBOR USD 3 Month+3.000%, 07/17/2029 (A)	$	900	$	673
OZLM XI, Ser 2017-11A, Cl BR
4.070%, VAR ICE LIBOR USD 3 Month+2.300%, 10/30/2030 (A)		600		521
OZLM XII, Ser 2015-12A, Cl D
7.170%, VAR ICE LIBOR USD 3 Month+5.400%, 04/30/2027 (A)		700		375
Parallel 2017-1, Ser 2020-1A, Cl CR
3.713%, VAR ICE LIBOR USD 3 Month+2.000%, 07/20/2029 (A)		750		678
Popular ABS Mortgage Pass-Through Trust, Ser 2005-6, Cl A4
3.646%, 01/25/2036		663		652
PPM CLO 3, Ser 2019-3A, Cl A
3.236%, VAR ICE LIBOR USD 3 Month+1.400%, 07/17/2030 (A)		350		331
Recette CLO, Ser 2017-1A, Cl BR
3.119%, VAR ICE LIBOR USD 3 Month+1.300%, 10/20/2027 (A)		1,000		926
Sound Point CLO III, Ser 2018-2RA, Cl A1
2.781%, VAR ICE LIBOR USD 3 Month+0.950%, 04/15/2029 (A)		2,100		2,001
Sound Point CLO XXIII, Ser 2019-2A, Cl A1
3.231%, VAR ICE LIBOR USD 3 Month+1.400%, 04/15/2032 (A)		710		668
Structured Asset Securities Mortgage Loan Trust, Ser 2006-GEL4, Cl M1
1.517%, VAR ICE LIBOR USD 1 Month+0.570%, 10/25/2036 (A)		2,490		2,267
Sunrun Atlas Issuer, Ser 2019-2, Cl A
3.610%, 02/01/2055 (A)		427		375
Symphony CLO XIX, Ser 2018-19A, Cl E
7.043%, VAR ICE LIBOR USD 3 Month+5.200%, 04/16/2031 (A)		250		164
Tralee CLO III, Ser 2017-3A, Cl BRR
3.269%, VAR ICE LIBOR USD 3 Month+1.450%, 10/20/2027 (A)		2,300		2,149
Venture 31 CLO, Ser 2018-31A, Cl A1
2.849%, VAR ICE LIBOR USD 3 Month+1.030%, 04/20/2031 (A)		680		634
Voya CLO, Ser 2018-2A, Cl ER
7.206%, VAR ICE LIBOR USD 3 Month+5.400%, 07/23/2027 (A)		750		486
Voya CLO, Ser 2018-3A, Cl A1A
2.981%, VAR ICE LIBOR USD 3 Month+1.150%, 10/15/2031 (A)		750		710
Wachovia Asset Securitization Issuance II, Ser 2007-HE1, Cl A
1.087%, VAR ICE LIBOR USD 1 Month+0.140%, 07/25/2037 (A)		390		329



Description	Face Amount (Thousands)		Market Value ($ Thousands)
ASSET-BACKED SECURITIES (continued)
Whitehorse XII, Ser 2018-12A, Cl D
5.481%, VAR ICE LIBOR USD 3 Month+3.650%, 10/15/2031 (A)	$	250	$	174
				39,254

Total Asset-Backed Securities (Cost $56,940) ($ Thousands)				46,005

CONVERTIBLE BONDS — 0.4%
BofA Finance
0.125%, 09/01/2022		150		148
Cheniere Energy
4.250%, 03/15/2045		670		328
Innovate Capital Pte
6.000%, 12/11/2024		62		21
Jazz Investments I
1.500%, 08/15/2024		240		210
Live Nation Entertainment
2.000%, 02/15/2025 (A)		400		318
Teva Pharmaceutical Finance
0.250%, 02/01/2026		1,530		1,416
Vishay Intertechnology
2.250%, 06/15/2025		630		560
Vonage Holdings
1.750%, 06/01/2024 (A)		190		153

Total Convertible Bonds (Cost $3,552) ($ Thousands)				3,154

MUNICIPAL BONDS — 0.2%

Illinois — 0.2%
Illinois State, GO
7.350%, 07/01/2035		225		252
5.100%, 06/01/2033		1,895		1,881

Total Municipal Bonds (Cost $2,076) ($ Thousands)				2,133

	Shares
PREFERRED STOCK — 0.1%

Financials — 0.1%
B. Riley Financial, 6.500%		18,100		345

Industrials — 0.0%
GFL Environmental, 6.000%		6,850		314

Utilities — 0.0%
NextEra Energy, 5.279%		5,950		262


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		205

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

Multi-Asset Income Fund (Continued)



Description	Shares			Market Value ($ Thousands)

PREFERRED STOCK (continued)

Total Preferred Stock (Cost $1,078) ($ Thousands)				$	921

	Face Amount (Thousands)

U.S. TREASURY OBLIGATION — 0.0%

U.S. Treasury Notes
1.375%, 01/31/2025		139			146

Total U.S. Treasury Obligation (Cost $139) ($ Thousands)					146

Total Investments in Securities — 94.9% (Cost $883,363) ($ Thousands)				$	799,487


	Contracts
*PURCHASED OPTIONS(J) — 0.2%**

Total Purchased Options (Cost $2,369) ($ Thousands)		52,735,267		$	1,350


*PURCHASED SWAPTION (K) — 0.0%**

Total Purchased Swaption (Cost $122) ($ Thousands)		3,626,000		$	–


*WRITTEN OPTIONS (J) — (1.8)%**

Total Written Options (Premiums Received $6,482) ($ Thousands)		(79,075,668	)	$	(15,113	)


206		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

A list of the open exchange traded options contracts held by the Fund at March 31, 2020 is as follows:


Description	Number of Contracts			Notional Amount (Thousands)			Exercise Price		Expiration Date		Value (Thousands)

PURCHASED OPTIONS — 0.2%

Put Options
April 2020, S&P 500 E-mini 3rd Week Option *		114		$	68		$	2,000.00		4/18/2020	$	68
April 2020, S&P 500 E-mini 3rd Week Option*		5			61			2,800.00		4/18/2020		61
June 2020, S&P 500 E-mini 3rd Week Option *		40			334			2,500.00		6/20/2020		334
May 2020, S&P 500 E-mini 3rd Week Option *		108			329			2,200.00		5/16/2020		329
USD PUT/BRL CALL*		5,380,000			27,937			4.28		4/18/2020		–
USD PUT/JPY CALL*		10,890,000			70,116,790			104.80		6/20/2020		131
USD PUT/MXN CALL*		3,820,000			91,042			18.95		5/16/2020		2
USD PUT/RUB CALL*		3,820,000			304,031			63.96		5/16/2020		2
USD PUT/RUB CALL*		3,720,000			296,072			62.86		4/18/2020		–

					70,836,664							927


Call Options
USD CALL/CAD PUT*		5,355,000			7,593			1.38		6/20/2020		144
USD CALL/EUR PUT*		10,320,000			9,356			1.12		4/18/2020		152
USD CALL/EUR PUT*		3,860,000			3,499			1.13		6/20/2020		102
USD CALL/EUR PUT*		5,570,000			5,050			1.08		4/18/2020		25


					25,498							423

Total Purchased Options				$	70,862,162						$	1,350

WRITTEN OPTIONS — (1.8)%

Put Options
April 2020, S&P 500 E-mini 3rd Week Option *		(5	)	$	(30	)		2,600.00		04/18/20	$	(30	)
June 2020, S&P 500 E-mini 3rd Week Option*		(40	)		(176	)		2,200.00		06/20/20		(176	)
May 2020, U.S. 5 Year Future Option *		(93	)		(11,031	)		124.00		04/18/20		(10	)
USD PUT/CAD CALL*		(3,900,000	)		(5,530	)		1.28		04/18/20		–
USD PUT/CAD CALL*		(5,355,000	)		(7,593	)		1.33		06/20/20		(12	)
USD PUT/EUR CALL*		(5,750,000	)		(5,213	)		1.13		05/16/20		(15	)
USD PUT/GBP CALL*		(4,600,000	)		(3,718	)		1.35		05/16/20		(5	)
USD PUT/IDR CALL*		(3,810,000	)		(62,282,070	)		13,816.00		06/20/20		(4	)
USD PUT/JPY CALL*		(3,720,000	)		(23,951,741	)		104.95		04/18/20		(6	)
USD PUT/JPY CALL*		(10,890,000	)		(70,116,790	)		100.50		06/20/20		(67	)
USD PUT/MXN CALL*		(2,880,000	)		(68,639	)		18.63		04/18/20		(2	)
USD PUT/RUB CALL*		(3,980,000	)		(316,765	)		60.20		04/18/20		–


					(156,769,296	)						(327	)


Call Options
April 2020, Calls on SPX*		(530	)		(171,231	)		2,375.00		04/18/20		(13,112	)
USD CALL/AUD PUT*		(4,010,000	)		(6,500	)		0.64		05/16/20		(211	)
USD CALL/AUD PUT*		(3,820,000	)		(6,192	)		0.65		05/16/20		(213	)
USD CALL/AUD PUT*		(4,000,000	)		(6,484	)		0.66		05/16/20		(287	)
USD CALL/AUD PUT*		(3,720,000	)		(6,030	)		0.67		04/18/20		(322	)
USD CALL/CAD PUT*		(2,880,000	)		(4,084	)		1.33		04/18/20		(157	)
USD CALL/CAD PUT*		(4,010,000	)		(5,686	)		1.35		05/16/20		(174	)
USD CALL/CAD PUT*		(4,030,000	)		(5,714	)		1.35		04/18/20		(182	)
USD CALL/EUR PUT*		(7,720,000	)		(6,999	)		1.11		06/20/20		(128	)


					(218,920	)						(14,786	)


Total Written Options				$	(156,988,216	)					$	(15,113	)


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		207

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

Multi-Asset Income Fund (Continued)

A list of the open OTC options contracts for the Fund at March 31, 2020, is as follows:

Description

Counterparty

Number of Contracts/
Notional Amount

Exercise Price

Expiration Date

Value
(Thousands)

PURCHASED SWAPTION — 0.0%

Put Swaptions — 0.0%

May 2020, Put Option on Goldman Sachs*

Goldman Sachs

3,626,000

$90.00

05/16/2020

–

A list of the open futures contracts held by the Fund at March 31, 2020 is as follows:


Type of Contract	Number of Contracts Long (Short)			Expiration Date		Notional Amount (Thousands)			Value (Thousands)			Unrealized Appreciation (Depreciation) (Thousands)
90-Day Euro$		206			Jun-2020	$	50,837		$	51,230		$	393
90-Day Euro$		(96	)		Mar-2021		(23,902	)		(23,932	)		(31	)
Australian 10-Year Bond		21			Jun-2020		1,944			1,936			2
Euro-Bund		(37	)		Jun-2020		(7,140	)		(7,004	)		75
Long Gilt 10-Year Bond		(7	)		Jun-2020		(1,217	)		(1,182	)		(19	)
S&P 500 Index E-MINI		357			Jun-2020		46,674			45,869			(804	)
U.S. 2-Year Treasury Note		701			Jul-2020		152,254			154,488			2,235
U.S. 5-Year Treasury Note		(265	)		Jul-2020		(32,209	)		(33,220	)		(1,011	)
U.S. 5-Year Treasury Note		71			Jul-2020		8,875			8,901			26
U.S. 10-Year Treasury Note		297			Jun-2020		40,186			41,190			1,004
U.S. 10-Year Treasury Note		(108	)		Jun-2020		(14,320	)		(14,978	)		(658	)
U.S. Long Treasury Bond		48			Jun-2020		8,599			8,595			(4	)
U.S. Long Treasury Bond		(63	)		Mar-2020		(10,544	)		(11,281	)		(737	)
U.S. Ultra Long Treasury Bond		149			Jun-2020		29,982			33,059			3,078
Ultra 10-Year U.S. Treasury Note		(15	)		Jun-2020		(2,353	)		(2,340	)		12
Ultra 10-Year U.S. Treasury Note		(12	)		Jun-2020		(1,744	)		(1,872	)		(128	)

						$	245,922		$	249,459		$	3,433

A list of the open forward foreign currency contracts held by the Fund at March 31, 2020 is as follows:


Counterparty	Settlement Date			Currency to Deliver (Thousands)			Currency to Receive (Thousands)		Unrealized Appreciation (Depreciation) (Thousands)
Barclays PLC		04/06/20	CAD		1,232	USD		950	$	84
Barclays PLC		04/14/20	USD		789	AUD		1,148		(86	)
Barclays PLC		04/17/20	USD		1,063	JPY		115,760		10
Barclays PLC		04/17/20	USD		1,226	INR		89,201		(50	)
Barclays PLC		04/17/20	IDR		43,110,360	USD		3,064		421
BNP Paribas		04/17/20	USD		3,683	EUR		3,385		34
BNP Paribas		04/14/20	USD		2,464	EUR		2,170		(82	)
BNP Paribas		04/17/20	GBP		1,000	USD		1,311		70
BNP Paribas		04/17/20	USD		1,520	CAD		2,020		(100	)
BNP Paribas		04/17/20	EUR		8,598	USD		9,592		152
BNP Paribas		04/23/20	CAD		870	USD		662		51
Citigroup		04/06/20 - 06/10/20	CAD		4,845	USD		3,573		166
Citigroup		04/17/20	USD		504	AUD		750		(45	)
Citigroup		04/17/20	BRL		528	USD		129		27
Citigroup		04/17/20	AUD		820	USD		570		68
Citigroup		04/17/20	USD		1,802	RUB		115,452		(328	)
Citigroup		04/17/20	GBP		2,100	USD		2,774		170
Citigroup		04/17/20	USD		2,490	GBP		1,901		(132	)
Citigroup		04/17/20	USD		3,765	BRL		15,890		(705	)


208		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020


Counterparty	Settlement Date			Currency to Deliver (Thousands)			Currency to Receive (Thousands)		Unrealized Appreciation (Depreciation) (Thousands)
Citigroup		04/17/20 - 04/23/20	USD		3,811	CAD		4,957	$	(328	)
Citigroup		04/17/20	USD		3,849	MXN		80,572		(423	)
Citigroup		04/17/20	EUR		2,626	USD		2,925		42
Citigroup		04/17/20	EUR		3,070	USD		3,343		(28	)
Citigroup		04/17/20	USD		2,998	JPY		327,860		43
Citigroup		04/17/20	USD		4,604	JPY		477,120		(180	)
Citigroup		04/17/20 - 05/14/20	USD		4,983	EUR		4,590		58
Citigroup		04/17/20 - 05/14/20	USD		11,202	EUR		10,121		(89	)
Citigroup		04/17/20	MXN		24,500	USD		1,061		20
Citigroup		04/17/20	MXN		47,390	USD		2,003		(13	)
Citigroup		04/17/20	JPY		305,396	USD		2,755		(77	)
Citigroup		05/27/20	RUB		97,072	USD		1,490		257
Citigroup		09/24/20	SAR		9,650	USD		2,569		(1	)
Goldman Sachs		04/06/20 - 06/10/20	USD		4,520	CAD		6,078		(247	)
Goldman Sachs		04/17/20	USD		573	BRL		2,416		(107	)
Goldman Sachs		04/17/20	USD		2,120	MXN		40,475		(399	)
Goldman Sachs		04/17/20	USD		2,780	RUB		176,710		(524	)
Goldman Sachs		04/17/20	EUR		2,846	USD		3,211		86
Goldman Sachs		04/17/20	USD		2,828	JPY		309,439		41
Goldman Sachs		04/17/20	USD		771	JPY		83,147		—
Goldman Sachs		04/17/20	MXN		10,000	USD		456		31
Goldman Sachs		04/17/20 - 04/27/20	RUB		370,433	USD		5,922		1,194
Goldman Sachs		04/29/20	GBP		2,503	USD		3,245		140
Goldman Sachs		06/05/20	JPY		27,409	USD		261		7
JPMorgan Chase Bank		04/14/20 - 04/17/20	AUD		8,940	USD		6,134		662
JPMorgan Chase Bank		04/17/20	AUD		1,850	USD		1,077		(55	)
JPMorgan Chase Bank		04/17/20	USD		25	TWD		752		—
JPMorgan Chase Bank		04/17/20	USD		504	JPY		55,170		8
JPMorgan Chase Bank		04/17/20	USD		2,064	KRW		2,450,780		(51	)
JPMorgan Chase Bank		04/17/20	USD		2,266	RUB		178,300		10
JPMorgan Chase Bank		04/17/20	CAD		855	USD		646		45
JPMorgan Chase Bank		04/17/20	CAD		1,560	USD		1,072		(24	)
JPMorgan Chase Bank		04/17/20	EUR		400	USD		442		3
JPMorgan Chase Bank		04/17/20 - 05/14/20	EUR		17,207	USD		18,669		(238	)
JPMorgan Chase Bank		04/17/20	RUB		111,715	USD		1,746		320
JPMorgan Chase Bank		04/17/20	JPY		569,042	USD		5,244		(33	)
JPMorgan Chase Bank		04/17/20	KRW		2,450,780	USD		2,072		59
JPMorgan Chase Bank		04/17/20 - 06/05/20	IDR		47,527,946	USD		3,199		290
JPMorgan Chase Bank		05/04/20	USD		1,179	EUR		1,058		(17	)
JPMorgan Chase Bank		05/14/20	EUR		590	USD		661		13
JPMorgan Chase Bank		09/24/20	SAR		4,740	USD		1,260		(3	)
Morgan Stanley		04/03/20	USD		2,429	BRL		12,328		(52	)
Morgan Stanley		04/03/20 - 04/17/20	BRL		24,655	USD		5,310		560
Morgan Stanley		04/17/20	USD		1,086	AUD		1,680		(59	)
Morgan Stanley		05/04/20	USD		1,058	GBP		800		(65	)
Morgan Stanley		05/14/20	USD		1,321	EUR		1,174		(31	)
Morgan Stanley		05/26/20	MXN		28,495	USD		1,482		277
Morgan Stanley		06/05/20	USD		1,061	IDR		15,145,566		(141	)
Morgan Stanley		06/05/20	IDR		7,805,060	USD		544		70


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		209

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

Multi-Asset Income Fund (Continued)


Counterparty	Settlement Date			Currency to Deliver (Thousands)			Currency to Receive (Thousands)		Unrealized Appreciation (Depreciation) (Thousands)
State Street		04/29/20	SGD		1,140	GBP		969	$	63

									$	839

A list of the open centrally cleared swap agreements held by the Fund at March 31, 2020 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)
CDS-DAIGR		Buy	1.00%	Quarterly	12/20/2024		1,290	$	40		$	(26	)	$	66
CDS-DAIGR		Sell	1.00%	Quarterly	12/20/2024		(1,290)		(62	)		14			(76	)
CDX.NA.HY.30		Sell	5.00%	Quarterly	06/20/2023		(17,300)		(742	)		853			(1,595	)
CDX.NA.HY.34		Buy	5.00%	Quarterly	12/20/2024		3,466		216			199			17
CDX.NA.HY.34		Sell	5.00%	Quarterly	06/25/2025		(6,550)		(408	)		(264	)		(144	)
ICE CD Boeing Company		Sell	1.00%	Quarterly	06/20/2024		(525)		(67	)		11			(78	)
ICE CD Brazil		Sell	1.00%	Quarterly	06/20/2020		(1,030)		1			1			–
ICE CD CDXIG		Sell	1.00%	Quarterly	12/20/2024		(35,250)		(127	)		858			(985	)
ICE CD Chile		Sell	1.00%	Quarterly	06/20/2024		(410)		(1	)		11			(12	)
ICE CD Columbia		Sell	1.00%	Quarterly	12/20/2023		(4,600)		(133	)		(38	)		(95	)
ICE CD Columbia		Sell	1.00%	Quarterly	06/20/2024		(2,410)		(90	)		11			(101	)
ICE CD General Electric		Sell	1.00%	Quarterly	06/20/2024		(1,225)		(52	)		(11	)		(41	)
ICE CD Indonesia		Sell	1.00%	Quarterly	06/20/2024		(10,780)		(314	)		54			(368	)
ICE CD Kingdom of Saudi Arabia		Sell	1.00%	Quarterly	06/20/2024		(6,820)		(150	)		55			(205	)
ICE CD Mexico		Sell	1.00%	Quarterly	06/20/2024		(1,160)		(47	)		(13	)		(34	)
ICE CD Peru		Sell	1.00%	Quarterly	06/20/2024		(2,040)		3			31			(28	)
ICE CD Peru		Sell	1.00%	Quarterly	12/20/2024		(1,620)		3			34			(31	)
ICE CD Philippines		Sell	1.00%	Quarterly	12/20/2023		(740)		8			2			6
ICE CD Qatar		Sell	1.00%	Quarterly	06/20/2024		(1,080)		(6	)		20			(26	)
ICE CD Qatar		Sell	1.00%	Quarterly	12/20/2024		(860)		(8	)		19			(27	)

								$	(1,936	)	$	1,821		$	(3,757	)


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)
8.36%	28-DAY MXN - TIIE	Monthly	03/27/2021	MXN		202,525	$	–		$	(1	)	$	1
1.85%	3-MONTH USD - LIBOR	Quarterly	11/15/2044	USD		4,724		(1,053	)		9			(1,062	)
2.875%	3-MONTH USD - LIBOR	Quarterly	05/15/2044	USD		4,200		(1,891	)		20			(1,911	)
0.75%	6-MONTH EUR - EURIBOR	Semi-Annually	03/18/2040	EUR		500		(48	)		(28	)		(20	)
1.00%	6-MONTH GBP - LIBOR	Semi-Annually	03/18/2030	GBP		660		(3	)		(2	)		(1	)
0.50%	6-MONTH EUR - EURIBOR	Semi-Annually	03/18/2030	EUR		730		(32	)		(23	)		(9	)
USD-LIBOR-BBA	0.77%	Semi-Annually	03/24/2027	USD		10,390		126			87			39
0.25%	6-MONTH EUR - EURIBOR	Semi-Annually	03/18/2027	EUR		1,910		(39	)		(45	)		6
658%	USD LIBOR BBA	Semi-Annually	09/18/2025	USD		2,268		18			–			18
0.645%	USD LIBOR BBA	Semi-Annually	09/18/2025	USD		2,923		21			–			21
1.40%	6-MONTH PZL-WIBO6M	Semi-Annually	06/17/2025	PLN		7,940		(50	)		(10	)		(40	)
.8375%	USD LIBOR BBA	Quarterly	09/18/2050	USD		532		8			–			8
3-MONTH CNY - CNREPOFIX	2.50%	Quarterly	06/17/2025	CNY		37,630		67			6			61
6.26%	BZDIOVRA	Monthly	01/02/2025	BRL		900		3			–			3
28-DAY MXN - TIIE	7.2%	Monthly	07/17/2024	MXN		365,383		624			–			624
BZDIOVRA	5.33%	Monthly	01/02/2024	BRL		6,750		(37	)		(1	)		(36	)
-0.25%	6-MONTH EUR - EURIBOR	Semi-Annually	03/18/2023	EUR		5,260		(3	)		(6	)		3
6.2448%	BZDIOVRA	Monthly	01/02/2023	BRL		4,950		(24	)		–			(24	)
BZDIOVRA	7.2233%	Monthly	01/02/2023	BRL		4,500		(45	)		–			(45	)


210		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020


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)
BZDIOVRA	5.75%	Monthly	01/02/2023	BRL		4,965	$	12		$	2	$	10
BZDIOVRA	5.44%	Monthly	10/03/2022	BRL		34,705		165			12		153
3-MONTH ZAR - JIBA	6.50%	Quarterly	06/17/2022	ZAR		91,400		116			10		106
28-DAY MXN - TIIE	6.00%	Monthly	06/15/2022	MXN		19,950		5			–		5
0.00%	6-MONTH EUR - EURIBOR	Semi-Annually	03/18/2025	EUR		2,020		(23	)		29		(52	)
SD LIBOR BBA	.855%	Quarterly	09/18/2050	USD		411		4			–		4

							$	(2,079	)	$	59	$	(2,138	)

A list of open OTC swap agreements held by the Fund at March 31, 2020 is as follows:


Interest Rate Swaps
Counterparty	Fund Pays		Fund Receives		Payment Frequency		Termination Date		Currency		Notional Amount (Thousands)		Value (Thousands)			Upfront Payments (Thousands)		Net Unrealized Appreciation (Depreciation) (Thousands)
Citibank		1-DAY BRL - CETIP		0.07024%		Annually		01/04/2027		BRL		3,600	$	(17	)	$	–	$	(17	)
Citibank		1-DAY BRL - CETIP		0.07024%		Annually		01/04/2027		BRL		4,300		(21	)		2		(23	)
Citibank		1-DAY BRL - CETIP		0.07024%		Annually		01/04/2027		BRL		4,628		(24	)		3		(27	)
Citibank		1-DAY BRL - CETIP		6.87%		Annually		01/04/2027		BRL		15,030		(109	)		–		(109	)
JPMorgan Chase		1-DAY BRL - CETIP		0.07044%		Annually		01/04/2027		BRL		3,000		(15	)		–		(15	)

													$	(186	)	$	5	$	(191	)


Percentages are based on Net Assets of $842,409 ($ 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 March 31, 2020, the value of these securities amounted to $255,426 ($ Thousands), representing 30.3% of the Net Assets of the Fund. (B) Security is in default on interest payment. (C) Perpetual security with no stated maturity date. (D) Level 3 security in accordance with fair value hierarchy. (E) Securities considered illiquid. The total value of such securities as of March 31, 2020 was $990 ($ Thousands) and represented 0.1% of the Net Assets of the Fund.		FNMA — Federal National Mortgage Association GBP — British Pound Sterling GNMA — Government National Mortgage Association GO — General Obligation ICE— Intercontinental Exchange IDR — Indonesian Rupiah INR — Indian Rupee IO — Interest Only — face amount represents notional amount. JPY — Japanese Yen JSC — Joint-Stock Company KRW – Korean Won LIBOR— London Interbank Offered Rate LLC — Limited Liability Company
(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) Step Bonds – Represents the current rate, the step rate, the step date and the final maturity 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) Unsettled bank loan. Interest rate may not be available. (J) Refer to table below for details on Options Contracts. (K) Refer to table below for details on Swaption Contracts. ABS — Asset-Backed Security AUD — Australian Dollar BRL — Brazilian Real CAD — Canadian Dollar CETIP — Central of Custody and Financial Settlement of Securities Cl — Class CLO — Collateralized Loan Obligation CMO — Collateralized Mortgage Obligation		L.P. — Limited Partnership Ltd. — Limited MTN — Medium Term Note MXN — Mexican Peso OTC – Over the Counter PIK — Payment-in-Kind PLC — Public Limited Company PLN — Polish Zloty REMIC — Real Estate Mortgage Investment Conduit RUB — Russian Ruble S&P— Standard & Poor’s SAR —Saudi Riya Ser — Series SGD — Singapore Dollar SPX — Standard & Poor’s 500 Index TBA — To be announced TWD — Taiwan Dollar ULC — Unlimited Liability Company
DAC — Designated Activity Company EGP — Egyptian Pound EUR — Euro EURIBOR — Euro Interbank Offered Rate FHLMC — Federal Home Loan Mortgage Corporation		USD — United States Dollar VAR — Variable Rate ZAR — South African Rand


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		211

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

Multi-Asset Income Fund (Concluded)

The following is a list of the level of inputs used as of March 31, 2020, 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		–			379,224			–		379,224
Sovereign Debt		–			99,477			–		99,477
Common Stock		92,666			36			57		92,759
Mortgage-Backed Securities		–			92,446			–		92,446
Loan Participations		–			82,971			251		83,222
Asset-Backed Securities		–			46,004			1		46,005
Convertible Bonds		–			3,154			–		3,154
Municipal Bonds		–			2,133			–		2,133
Preferred Stock		–			921			–		921
U.S. Treasury Obligation		–			146			–		146

Total Investments in Securities		92,666			706,512			309		799,487



Other Financial Instruments	Level 1 ($)			Level 2 ($)			Level 3 ($)		Total ($)
Purchased Options		1,350			–			–		1,350
Written Options		(15,113	)		–			–		(15,113	)
Purchased Swaptions		–			–			–		–
Futures Contracts*
Unrealized Appreciation		6,825			–			–		6,825
Unrealized Depreciation		(3,392	)		–			–		(3,392	)
Forwards Contracts*
Unrealized Appreciation		–			5,552			–		5,552
Unrealized Depreciation		–			(4,713	)		–		(4,713	)
Centrally Cleared Swaps
Credit Default Swaps*
Unrealized Appreciation		–			89			–		89
Unrealized Depreciation		–			(3,846	)		–		(3,846	)
Centrally Cleared Swaps
Interest Rate Swaps*
Unrealized Appreciation		–			1,062			–		1,062
Unrealized Depreciation		–			(3,200	)		–		(3,200	)
OTC Swaps
Interest Rate Swaps*
Unrealized Depreciation		–			(191	)		–		(191	)

Total Other Financial Instruments		(10,330	)		(5,247	)		–		(15,577	)

* Futures contracts, forward contracts and swap contracts are valued at the unrealized appreciation (depreciation) on the instrument.

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 Loan Participations			Investments in Common Stock
Balance as of October 1, 2019	$	1	$	1,189		$	57
Accrued discounts/premiums		–		1			–
Realized gain/(loss)		–		(1,296	)		–
Change in unrealized appreciation/(depreciation)		–		999			–
Purchases		–		94			–
Sales		–		(736	)		–
Net transfer into Level 3		–		–			–
Net transfer out of Level 3		–		–			–
Ending Balance as of March 31, 2020	$	1	$	251		$	57

Changes in unrealized gains/(losses) included in earnings related to securities still held at reporting date	$	–	$	(28	)	$	–

For the period ended March 31, 2020, there were no transfers in or out of Level 3.

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.


212		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

Multi-Asset Inflation Managed Fund


^†Percentages are based on total investments.

Description	Face Amount (Thousands)		Market Value ($ Thousands)

U.S. TREASURY OBLIGATIONS — 71.6%
U.S. Treasury Bills ^
1.481%, 12/03/2020 (A)	$	5,500	$	5,497
0.640%, 11/05/2020 (A)		49,000		48,977
0.120%, 12/31/2020 (A)		4,500		4,496
U.S. Treasury Bonds
3.000%, 02/15/2049		5,300		7,384
U.S. Treasury Inflation Protected Securities (B)
2.375%, 01/15/2025		20,576		22,820
2.000%, 01/15/2026		17,937		19,951
1.250%, 07/15/2020		2,306		2,286
0.625%, 07/15/2021		90,478		89,623
0.625%, 04/15/2023		42,166		42,473
0.625%, 01/15/2024		28,657		29,125
0.375%, 07/15/2023		31,315		31,495
0.375%, 07/15/2025		104,625		106,715
0.250%, 01/15/2025		9,193		9,275
0.125%, 01/15/2022		14,310		14,112
0.125%, 04/15/2022		21,999		21,697
0.125%, 07/15/2022		18,471		18,299
0.125%, 01/15/2023		14,149		13,979
0.125%, 07/15/2024		19,773		19,815
0.125%, 10/15/2024		12,594		12,747
0.125%, 07/15/2026		19,973		20,150
U.S. Treasury Notes
0.580%, VAR US Treasury 3 Month Bill Money Market Yield+0.300%, 10/31/2021		5,300		5,315



Description	Face Amount (Thousands)		Market Value ($ Thousands)

U.S. TREASURY OBLIGATIONS (continued)
0.305%, VAR US Treasury 3 Month Bill Money Market Yield+0.220%, 07/31/2021	$	1,500	$	1,503

Total U.S. Treasury Obligations (Cost $547,102) ($ Thousands)				547,734

	Shares
COMMON STOCK — 25.0%

Communication Services — 2.1%
Activision Blizzard Inc		6,373		379
Alphabet Inc, Cl A *		1,469		1,707
Alphabet Inc, Cl C *		1,455		1,692
AT&T Inc		88,331		2,575
CenturyLink Inc		13,415		127
Cinemark Holdings Inc		2,200		22
Cogent Communications Holdings Inc		600		49
Electronic Arts Inc *		2,383		239
Facebook Inc, Cl A *		11,868		1,979
GCI Liberty Inc *		2,000		114
IAC/InterActiveCorp *		200		36
Iridium Communications Inc *		2,600		58
Liberty Media Corp-Liberty Braves *		3,900		74
Liberty Media Corp-Liberty Formula One, Cl C *		3,000		82
Live Nation Entertainment Inc *		1,500		68
Madison Square Garden Co/The *		200		42
Netflix Inc *		3,605		1,354
Roku Inc, Cl A *		651		57
Shenandoah Telecommunications Co		1,300		64
Spotify Technology SA *		1,100		133
Sprint Corp *		9,008		78
Take-Two Interactive Software Inc, Cl A *		1,000		119
Telephone & Data Systems Inc		1,422		24
T-Mobile US Inc *		3,527		296
Twitter Inc *		2,892		71
Verizon Communications Inc		49,044		2,635
ViacomCBS Inc, Cl B		2,385		33
Vonage Holdings Corp *		4,800		35
Walt Disney Co/The		16,024		1,548
Zynga Inc, Cl A *		7,600		52

				15,742
Consumer Staples — 7.0%
Altria Group Inc		55,214		2,135
Andersons Inc/The		1,500		28
Archer-Daniels-Midland Co		17,579		618
B&G Foods Inc, Cl A		2,329		42
BellRing Brands, Cl A *		3,000		51
Beyond Meat Inc *		1,500		100
BJ’s Wholesale Club Holdings Inc *		4,800		122
Boston Beer Co Inc/The, Cl A *		150		55
Brown-Forman Corp, Cl A		1,728		89


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		213

CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

Multi-Asset Inflation Managed Fund (Continued)



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Brown-Forman Corp, Cl B		4,969	$	276
Bunge Ltd		4,136		170
Calavo Growers Inc		954		55
Cal-Maine Foods Inc		2,050		90
Campbell Soup Co		5,196		240
Casey’s General Stores Inc		1,297		172
Central Garden & Pet Co, Cl A *		2,800		72
Chefs’ Warehouse Inc/The *		1,600		16
Church & Dwight Co Inc		7,368		473
Clorox Co/The		3,881		672
Coca-Cola Co/The		114,864		5,083
Coca-Cola Consolidated Inc		100		21
Colgate-Palmolive Co		25,948		1,722
Conagra Brands Inc		14,086		413
Constellation Brands Inc, Cl A		4,673		670
Costco Wholesale Corp		13,639		3,889
Coty Inc, Cl A		12,665		65
Darling Ingredients Inc *		5,936		114
Edgewell Personal Care Co *		1,834		44
Energizer Holdings Inc		2,713		82
Estee Lauder Cos Inc/The, Cl A		6,417		1,022
Flowers Foods Inc		7,407		152
Fresh Del Monte Produce Inc		1,189		33
Freshpet Inc *		1,200		77
General Mills Inc		18,214		961
Grocery Outlet Holding Corp *		3,100		106
Hain Celestial Group Inc/The *		2,634		68
Herbalife Nutrition Ltd *		3,708		108
Hershey Co/The		4,294		569
Hormel Foods Corp		8,018		374
Hostess Brands Inc, Cl A *		3,370		36
Ingles Markets Inc, Cl A		1,453		53
Ingredion Inc		2,082		157
Inter Parfums Inc		800		37
J&J Snack Foods Corp		727		88
JM Smucker Co/The		3,214		357
Kellogg Co		7,203		432
Keurig Dr Pepper Inc		6,485		157
Kimberly-Clark Corp		10,578		1,353
Kraft Heinz Co/The		18,218		451
Kroger Co/The		23,331		703
Lamb Weston Holdings Inc		4,405		252
Lancaster Colony Corp		650		94
Limoneira		2,400		31
McCormick & Co Inc/MD		3,573		505
Medifast Inc		400		25
Molson Coors Beverage Co, Cl B		5,215		203
Mondelez International Inc, Cl A		42,925		2,150
Monster Beverage Corp *		11,131		626
National Beverage Corp, Cl A *		1,700		72
Nu Skin Enterprises Inc, Cl A		1,702		37
PepsiCo Inc		41,896		5,032



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Performance Food Group Co *		3,195	$	79
Philip Morris International Inc		46,263		3,375
Pilgrim’s Pride Corp *		1,078		20
Post Holdings Inc *		2,172		180
PriceSmart Inc		950		50
Procter & Gamble Co/The		72,529		7,978
Rite Aid *		3,190		48
Sanderson Farms Inc		601		74
Seaboard Corp		24		68
Simply Good Foods Co/The *		1,700		33
Spectrum Brands Holdings Inc		1,666		61
Sprouts Farmers Market Inc *		5,028		93
Sysco Corp, Cl A		14,829		677
Tootsie Roll Industries Inc		721		26
TreeHouse Foods Inc *		1,857		82
Tyson Foods Inc, Cl A		8,421		487
Universal Corp/VA		822		36
US Foods Holding Corp *		6,356		113
USANA Health Sciences Inc *		500		29
Vector Group Ltd		5,329		50
Walgreens Boots Alliance Inc		22,763		1,041
Walmart Inc		42,753		4,858
WD-40 Co		627		126
Weis Markets Inc		1,300		54

				53,538
Energy — 4.8%
Antero Midstream Corp		17,200		36
Antero Resources Corp *		9,447		7
Apache Corp		24,067		101
Apergy Corp *		7,500		43
Arch Coal Inc		600		17
Archrock Inc		6,500		24
Baker Hughes Co, Cl A		43,040		452
Berry Corp		1,500		4
Brigham Minerals, Cl A		2,400		20
Cabot Oil & Gas Corp		26,125		449
Cactus Inc, Cl A		2,200		25
Callon Petroleum Co *		15,953		9
Centennial Resource Development Inc/DE, Cl A *		7,800		2
Cheniere Energy Inc *		13,480		452
Chevron Corp		114,694		8,311
Cimarex Energy Co		7,288		123
CNX Resources Corp *		9,162		49
Concho Resources Inc		11,898		510
ConocoPhillips		64,676		1,992
Continental Resources Inc/OK, Cl A		4,104		31
CVR Energy Inc		1,600		26
Delek US Holdings Inc		3,658		58
Denbury Resources Inc *		10,200		2
Devon Energy Corp		21,333		147
DHT Holdings Inc		8,500		65


214		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Diamond Offshore Drilling Inc *		4,000	$	7
Diamondback Energy Inc, Cl A		9,878		259
Dril-Quip Inc *		3,088		94
EOG Resources Inc		33,687		1,210
EQT Corp		13,098		93
Equitrans Midstream Corp		11,398		57
Exxon Mobil Corp		246,848		9,373
Falcon Minerals		2,700		6
Frank’s International *		11,300		29
GasLog Ltd		2,800		10
Golar LNG Ltd		4,877		38
Green Plains Inc		3,800		18
Halliburton Co		55,527		380
Helix Energy Solutions Group Inc *		7,900		13
Helmerich & Payne Inc		7,738		121
Hess Corp		16,253		541
HollyFrontier Corp		9,431		231
International Seaways Inc		3,500		84
Kinder Morgan Inc/DE		119,046		1,657
Kosmos Energy Ltd		25,500		23
Magnolia Oil & Gas Corp *		6,200		25
Marathon Oil Corp		45,874		151
Marathon Petroleum Corp		39,371		930
Matador Resources Co *		5,464		14
Murphy Oil Corp		8,258		51
Nabors Industries Ltd		20,551		8
National Oilwell Varco Inc, Cl A		25,723		253
Newpark Resources Inc, Cl A *		5,566		5
NexTier Oilfield Solutions Inc *		11,281		13
Noble Energy Inc		29,940		181
Nordic American Tankers Ltd		11,600		53
Northern Oil and Gas Inc *		9,100		6
Oasis Petroleum Inc *		16,500		6
Occidental Petroleum Corp		53,986		625
Oceaneering International Inc, Cl A *		4,468		13
ONEOK Inc		24,120		526
Par Pacific Holdings Inc *		2,300		16
Parsley Energy Inc, Cl A		15,449		89
Patterson-UTI Energy Inc		10,159		24
PBF Energy Inc, Cl A		8,529		60
PDC Energy Inc, Cl A *		6,814		42
Peabody Energy Corp		3,825		11
Phillips 66		26,867		1,441
Pioneer Natural Resources Co		10,071		706
ProPetro Holding Corp *		4,200		10
QEP Resources Inc		11,994		4
Range Resources Corp		9,059		21
Renewable Energy Group Inc *		2,200		45
REX American Resources Corp *		700		33
Schlumberger Ltd, Cl A		83,816		1,131
Scorpio Tankers Inc		1,889		36
SEACOR Holdings Inc, Cl A *		1,100		30



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
SFL Corp Ltd		5,300	$	50
SM Energy Co		4,763		6
Southwestern Energy Co *		27,022		46
Talos Energy Inc *		2,200		13
Targa Resources Corp		14,543		100
Tidewater Inc *		2,100		15
Transocean Ltd *		29,625		34
Valero Energy Corp		24,815		1,125
Whiting Petroleum Corp *		6,452		4
Williams Cos Inc/The		73,492		1,040
World Fuel Services Corp		5,074		128
WPX Energy Inc *		28,110		86

				36,405
Health Care — 5.6%
Abbott Laboratories		20,329		1,604
AbbVie Inc		15,895		1,211
ABIOMED Inc *		424		62
Acadia Healthcare Co Inc, Cl A *		1,066		20
ACADIA Pharmaceuticals Inc *		900		38
Acceleron Pharma Inc *		400		36
Agilent Technologies Inc		3,736		268
Agios Pharmaceuticals Inc *		700		25
Alexion Pharmaceuticals Inc *		2,503		225
Align Technology Inc *		801		139
Alkermes PLC *		2,411		35
Allergan PLC		3,569		632
Allscripts Healthcare Solutions Inc *		5,900		42
Alnylam Pharmaceuticals Inc *		1,101		120
Amedisys Inc *		400		73
AmerisourceBergen Corp, Cl A		1,833		162
Amgen Inc, Cl A		6,540		1,326
Amicus Therapeutics Inc *		2,893		27
AMN Healthcare Services Inc *		300		17
Anthem Inc		2,778		631
Arena Pharmaceuticals Inc *		1,100		46
Arrowhead Pharmaceuticals Inc *		1,000		29
Atrion Corp		100		65
Avantor Inc *		2,200		27
Baxter International Inc		5,757		467
Becton Dickinson and Co		2,881		662
Biogen Inc *		2,024		640
BioMarin Pharmaceutical Inc *		2,043		173
Bio-Rad Laboratories Inc, Cl A *		282		99
Bio-Techne Corp		450		85
Bluebird Bio Inc *		597		27
Blueprint Medicines Corp *		540		32
Boston Scientific Corp *		15,550		507
Bristol-Myers Squibb Co		25,108		1,400
Bruker Corp		900		32
Cantel Medical Corp		300		11
Cardinal Health Inc		3,775		181
Catalent Inc *		1,656		86


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		215

CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

Multi-Asset Inflation Managed Fund (Continued)



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Centene Corp *		6,050	$	359
Cerner Corp		3,814		240
Charles River Laboratories International Inc *		753		95
Chemed Corp		280		121
Cigna Corp		3,957		701
CONMED Corp		400		23
Cooper Cos Inc/The, Cl A		572		158
CVS Health Corp		14,137		839
Danaher Corp, Cl A		6,683		925
DaVita Inc *		1,258		96
DENTSPLY SIRONA Inc		2,704		105
DexCom Inc *		1,000		269
Edwards Lifesciences Corp, Cl A *		2,257		426
Elanco Animal Health Inc *		4,500		101
Eli Lilly & Co		9,303		1,290
Emergent BioSolutions Inc *		1,000		58
Encompass Health Corp		1,178		75
Ensign Group Inc/The		1,219		46
Envista Holdings Corp *		4,200		63
Exact Sciences Corp *		1,439		83
Exelixis Inc *		3,701		64
FibroGen*		1,286		45
Five Star Senior Living *		429		1
Gilead Sciences Inc		14,201		1,062
Glaukos Corp *		1,700		52
Global Blood Therapeutics Inc *		700		36
Globus Medical Inc, Cl A *		800		34
Guardant Health Inc *		600		42
Haemonetics Corp *		628		63
Halozyme Therapeutics Inc *		1,168		21
HCA Healthcare Inc		2,951		265
HealthEquity Inc *		500		25
HealthStream Inc *		3,900		93
Henry Schein Inc *		2,103		106
Hill-Rom Holdings Inc		851		86
HMS Holdings Corp *		1,600		40
Hologic Inc *		3,515		123
Horizon Therapeutics Plc *		1,628		48
Humana Inc *		1,482		465
ICU Medical Inc *		324		65
IDEXX Laboratories Inc *		948		230
Illumina Inc *		1,622		443
Immunomedics Inc *		2,254		30
Incyte Corp *		1,943		142
Insmed Inc *		1,600		26
Insulet Corp *		578		96
Integer Holdings Corp *		1,000		63
Integra LifeSciences Holdings Corp *		628		28
Intercept Pharmaceuticals Inc *		500		31
Intuitive Surgical Inc *		1,237		613
Ionis Pharmaceuticals Inc *		1,876		89



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Iovance Biotherapeutics Inc *		1,400	$	42
IQVIA Holdings Inc *		2,182		235
Ironwood Pharmaceuticals Inc, Cl A *		6,200		63
Jazz Pharmaceuticals PLC *		829		83
Johnson & Johnson		30,146		3,953
Laboratory Corp of America Holdings *		1,112		141
LHC Group Inc *		300		42
Ligand Pharmaceuticals Inc *		278		20
LivaNova PLC *		457		21
Luminex Corp		3,500		96
Magellan Health Inc *		600		29
Masimo Corp *		592		105
McKesson Corp		2,153		291
Medpace Holdings Inc *		1,300		95
Medtronic PLC		14,305		1,290
Merck & Co Inc		29,451		2,266
Merit Medical Systems Inc *		1,800		56
Mettler-Toledo International Inc *		293		202
Moderna Inc *		2,000		60
Molina Healthcare Inc *		738		103
Momenta Pharmaceuticals Inc *		3,200		87
Mylan NV *		6,687		100
MyoKardia Inc *		200		9
National HealthCare Corp		300		22
Nektar Therapeutics, Cl A *		2,284		41
Neogen Corp, Cl B *		469		31
Neurocrine Biosciences Inc *		1,128		98
Nevro Corp *		500		50
Novocure Ltd *		1,000		67
NuVasive Inc *		1,100		56
Omnicell Inc *		550		36
Pacira BioSciences Inc *		1,900		64
Patterson Cos Inc		2,077		32
Penumbra Inc *		250		40
PerkinElmer Inc		1,752		132
Perrigo Co PLC		1,230		59
Pfizer Inc		65,104		2,125
PRA Health Sciences Inc *		798		66
Premier Inc, Cl A *		2,900		95
Prestige Consumer Healthcare Inc, Cl A *		2,700		99
PTC Therapeutics *		400		18
QIAGEN NV *		3,104		129
Quest Diagnostics Inc		1,433		115
Quidel Corp *		1,200		117
Reata Pharmaceuticals Inc, Cl A *		200		29
Regeneron Pharmaceuticals Inc *		850		415
Repligen Corp *		388		37
ResMed Inc		1,633		241
Sage Therapeutics Inc *		797		23
Sarepta Therapeutics Inc *		909		89
Seattle Genetics Inc *		1,252		144
STERIS PLC		1,200		168


216		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Stryker Corp		3,802	$	633
Syneos Health Inc, Cl A *		1,073		42
Tandem Diabetes Care Inc *		400		26
Teladoc Health Inc *		600		93
Teleflex Inc		600		176
Tenet Healthcare Corp *		2,000		29
Thermo Fisher Scientific Inc		4,386		1,244
Ultragenyx Pharmaceutical Inc *		376		17
United Therapeutics Corp *		722		68
UnitedHealth Group Inc		10,412		2,597
Universal Health Services Inc, Cl B		898		89
US Physical Therapy Inc		200		14
Varian Medical Systems Inc *		1,102		113
Veeva Systems Inc, Cl A *		1,421		222
Vertex Pharmaceuticals Inc *		2,824		672
Waters Corp *		801		146
West Pharmaceutical Services Inc		951		145
Wright Medical Group NV *		1,277		37
Zimmer Biomet Holdings Inc		2,403		243
Zoetis Inc, Cl A		5,194		611

				43,106
Information Technology — 1.8%
Accenture PLC, Cl A		2,460		402
Adobe Inc *		1,844		587
Akamai Technologies Inc *		637		58
Alliance Data Systems Corp		320		11
Amdocs Ltd		853		47
ANSYS Inc *		401		93
Aspen Technology Inc *		476		45
Atlassian Corp PLC, Cl A *		400		55
Autodesk Inc, Cl A *		902		141
Automatic Data Processing Inc		1,660		227
Black Knight Inc *		900		52
Blackbaud Inc, Cl A		1,500		83
Booz Allen Hamilton Holding Corp, Cl A		600		41
Broadridge Financial Solutions Inc		700		66
Cadence Design Systems Inc *		1,282		85
Cass Information Systems Inc		1,080		38
CDK Global Inc		965		32
Cerence Inc *		387		6
Citrix Systems Inc		800		113
Cognizant Technology Solutions Corp, Cl A		2,445		114
Conduent Inc *		2,908		7
DocuSign Inc, Cl A *		900		83
DXC Technology Co		1,202		16
EPAM Systems Inc *		250		46
Euronet Worldwide Inc *		327		28
Fair Isaac Corp *		200		61
Fidelity National Information Services Inc, Cl B		2,506		305
Fiserv Inc, Cl A *		1,964		186
FleetCor Technologies Inc *		352		66



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Fortinet Inc *		750	$	76
Gartner Inc *		400		40
Global Payments Inc		1,197		173
GoDaddy Inc, Cl A *		495		28
Guidewire Software Inc, Cl Z *		400		32
International Business Machines Corp		3,687		409
Intuit Inc		1,003		231
Jack Henry & Associates Inc		451		70
Leidos Holdings Inc		700		64
Mastercard Inc, Cl A		3,453		834
MAXIMUS Inc		1,800		105
Microsoft Corp		29,687		4,682
NortonLifeLock Inc		3,306		62
Nuance Communications Inc *		1,000		17
Okta Inc, Cl A *		400		49
Oracle Corp, Cl B		8,151		394
Palo Alto Networks Inc *		396		65
Paychex Inc		1,275		80
Paycom Software Inc *		200		40
PayPal Holdings Inc *		4,686		449
Proofpoint Inc *		800		82
PTC Inc *		500		31
RingCentral Inc, Cl A *		300		64
Sabre Corp		2,300		14
salesforce.com Inc *		3,229		465
ServiceNow Inc *		713		204
Splunk Inc *		805		102
Square Inc, Cl A *		1,177		62
SS&C Technologies Holdings Inc		1,260		55
Synopsys Inc *		643		83
Teradata Corp *		1,000		20
Trade Desk Inc/The, Cl A *		90		17
Twilio Inc, Cl A *		300		27
Tyler Technologies Inc *		229		68
Verint Systems Inc *		1,500		64
VeriSign Inc *		291		52
Visa Inc, Cl A		6,808		1,097
VMware Inc, Cl A *		420		51
Western Union Co/The		2,400		43
WEX Inc *		200		21
Workday Inc, Cl A *		851		111
Zendesk Inc *		700		45

				13,772
Real Estate — 2.4%
Acadia Realty Trust ^‡		2,627		33
Agree Realty Corp ^‡		800		50
Alexander & Baldwin Inc ^‡		2,438		27
Alexander’s Inc ^‡		100		28
Alexandria Real Estate Equities Inc ^‡		1,914		262
American Assets Trust Inc ^‡		1,635		41
American Campus Communities Inc ^‡		2,970		82
American Homes 4 Rent, Cl A ^‡		5,994		139


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		217

CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

Multi-Asset Inflation Managed Fund (Continued)



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
American Tower Corp, Cl A ^‡		7,735	$	1,684
Americold Realty Trust ^‡		4,000		136
Apartment Investment & Management Co, Cl A ^‡		2,755		97
Apple Hospitality Inc ^‡		4,014		37
AvalonBay Communities Inc ^‡		2,453		361
Boston Properties Inc ^‡		2,511		232
Brandywine Realty Trust ^‡		5,421		57
Brixmor Property Group Inc ^‡		6,467		61
Brookfield Property Inc, Cl A ^‡		2,800		24
Camden Property Trust ^‡		1,903		151
CareTrust Inc ^‡		2,300		34
CBRE Group Inc, Cl A *^‡		6,478		244
Chatham Lodging Trust ^‡		3,100		18
Colony Capital Inc ^‡		14,866		26
Columbia Property Trust Inc ^‡		6,150		77
CoreCivic Inc ^‡		3,867		43
CoreSite Realty Corp ^‡		886		103
Corporate Office Properties Trust ^‡		2,828		63
Cousins Properties Inc ^‡		3,528		103
Crown Castle International Corp ^‡		7,196		1,039
CubeSmart^‡		4,581		123
Cushman & Wakefield PLC *^‡		4,400		52
CyrusOne Inc ^‡		2,136		132
DiamondRock Hospitality Co ^‡		6,442		33
Digital Realty Trust Inc, Cl A ^‡		3,702		514
Diversified Healthcare Trust ^‡		6,344		23
Douglas Emmett Inc ^‡		3,269		100
Duke Realty Corp ^‡		7,159		232
Easterly Government Properties Inc ^‡		3,375		83
EastGroup Properties Inc ^‡		976		102
Empire State Realty Trust Inc, Cl A ^‡		4,528		41
EPR Properties, Cl A ^‡		1,353		33
Equinix Inc ^‡		1,468		917
Equity Commonwealth ^‡		3,050		97
Equity LifeStyle Properties Inc ^‡		2,700		155
Equity Residential ^‡		6,368		393
Essex Property Trust Inc ^‡		1,151		254
Extra Space Storage Inc ^‡		2,281		218
Federal Realty Investment Trust ^‡		1,619		121
First Industrial Realty Trust Inc ^‡		3,230		107
Four Corners Property Trust Inc ^‡		2,200		41
Gaming and Leisure Properties Inc ^‡		3,856		107
GEO Group Inc/The ^‡		3,947		48
Getty Realty Corp ^‡		1,000		24
Gladstone Commercial Corp ^‡		3,038		44
Global Net Lease Inc ^‡		3,900		52
Hannon Armstrong Sustainable Infrastructure Capital Inc ^‡		1,700		35
Healthcare Realty Trust Inc ^‡		3,304		92
Healthcare Trust of America Inc, Cl A ^‡		4,841		118
Healthpeak Properties Inc ^‡		9,208		220



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Highwoods Properties Inc ^‡		2,551	$	90
Host Hotels & Resorts Inc ^‡		12,488		138
Howard Hughes Corp/The *^‡		809		41
Hudson Pacific Properties Inc ^‡		3,282		83
Industrial Logistics Properties Trust ^‡		3,500		61
Investors Real Estate Trust ^‡		544		30
Invitation Homes Inc ^‡		8,983		192
Iron Mountain Inc ^‡		6,157		147
JBG SMITH Properties ^‡		4,000		127
Jones Lang LaSalle Inc		1,024		103
Kennedy-Wilson Holdings Inc ^‡		2,345		31
Kilroy Realty Corp ^‡		1,728		110
Kimco Realty Corp ^‡		8,727		84
Kite Realty Group Trust ^‡		3,000		28
Lamar Advertising Co, Cl A ^‡		1,784		92
Lexington Realty Trust, Cl B ^‡		4,000		40
Life Storage Inc ^‡		800		76
LTC Properties Inc ^‡		1,379		43
Macerich Co/The ^‡		3,212		18
Mack-Cali Realty Corp ^‡		2,924		45
Medical Properties Trust Inc ^‡		7,858		136
Mid-America Apartment Communities Inc ^‡		1,919		198
Monmouth Real Estate Investment Corp, Cl A ^‡		2,173		26
National Health Investors Inc ^‡		1,041		52
National Retail Properties Inc ^‡		3,400		109
National Storage Affiliates Trust ^‡		1,700		50
Newmark Group Inc, Cl A ^‡		4,400		19
Office Properties Income Trust ^‡		2,033		55
Omega Healthcare Investors Inc ^‡		4,074		108
One Liberty Properties Inc ^‡		1,900		26
Outfront Media Inc ^‡		3,922		53
Paramount Group Inc ^‡		6,007		53
Park Hotels & Resorts Inc ^‡		5,354		42
Pebblebrook Hotel Trust ^‡		2,577		28
Physicians Realty Trust ^‡		5,878		82
Piedmont Office Realty Trust Inc, Cl A ^‡		3,766		67
PotlatchDeltic Corp ^‡		1,763		55
Prologis Inc ^‡		14,026		1,127
PS Business Parks Inc ^‡		502		68
Public Storage ^‡		2,625		521
QTS Realty Trust Inc, Cl A ^‡		1,602		93
Rayonier Inc ^‡		3,508		83
Realty Income Corp ^‡		5,399		269
Redfin Corp *^‡		2,531		39
Regency Centers Corp ^‡		3,362		129
Retail Opportunity Investments Corp ^‡		5,100		42
Retail Properties of America Inc, Cl A ^‡		7,590		39
Rexford Industrial Realty Inc ^‡		1,128		46
RLJ Lodging Trust ^‡		4,599		36
Ryman Hospitality Properties Inc ^‡		972		35
Sabra Health Care Inc ^‡		4,681		51


218		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Saul Centers Inc ^‡		834	$	27
SBA Communications Corp, Cl A ^‡		1,903		514
Seritage Growth Properties ^‡		2,100		19
Service Properties Trust ^‡		3,452		19
Simon Property Group Inc ^‡		5,933		326
SITE Centers Corp ^‡		4,485		23
SL Green Realty Corp ^‡		2,070		89
Spirit Realty Capital Inc ^‡		2,641		69
STAG Industrial Inc ^‡		4,178		94
STORE Capital Corp ^‡		4,155		75
Summit Hotel Properties Inc ^‡		5,100		22
Sun Communities Inc ^‡		1,452		181
Sunstone Hotel Investors Inc ^‡		5,306		46
Tanger Factory Outlet Centers Inc ^‡		2,478		12
Taubman Centers Inc ^‡		1,535		64
Terreno Realty Corp ^‡		978		51
UDR Inc ^‡		4,957		181
Uniti Group Inc ^‡		4,262		26
Urban Edge Properties ^‡		2,748		24
Ventas Inc ^‡		6,883		184
VEREIT Inc ^‡		20,920		102
VICI Properties Inc ^‡		7,900		131
Vornado Realty Trust ^‡		4,078		148
Washington Real Estate Investment Trust ^‡		2,478		59
Weingarten Realty Investors ^‡		2,977		43
Welltower Inc ^‡		7,221		331
Weyerhaeuser Co ^‡		13,737		233
WP Carey Inc ^‡		3,279		190
Xenia Hotels & Resorts Inc ^‡		1,800		19

				18,381
Utilities — 1.3%
AES Corp/VA		8,342		113
ALLETE Inc		1,250		76
Alliant Energy Corp		2,828		137
Ameren Corp		2,754		201
American Electric Power Co Inc		4,879		390
American States Water Co		500		41
American Water Works Co Inc		1,991		238
Atmos Energy Corp		1,337		133
Avangrid Inc		900		39
Avista Corp		1,600		68
Black Hills Corp, Cl A		1,200		77
California Water Service Group, Cl A		1,200		60
CenterPoint Energy Inc		5,508		85
Chesapeake Utilities Corp		500		43
Clearway Energy Inc, Cl C		3,419		64
CMS Energy Corp		3,204		188
Consolidated Edison Inc		3,656		285
Dominion Energy Inc		8,474		612
DTE Energy Co		1,933		184
Duke Energy Corp		7,943		642
Edison International		3,880		213



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
El Paso Electric Co, Cl A		500	$	34
Entergy Corp		2,093		197
Essential Utilities Inc		2,803		114
Evergy Inc		2,701		149
Eversource Energy		3,205		251
Exelon Corp		10,262		378
FirstEnergy Corp		6,522		261
Hawaiian Electric Industries Inc		2,428		105
IDACORP Inc, Cl A		1,100		97
MDU Resources Group Inc		3,645		78
MGE Energy Inc		700		46
National Fuel Gas Co		1,437		54
New Jersey Resources Corp		1,772		60
NextEra Energy Inc		4,908		1,181
NiSource Inc		4,946		123
Northwest Natural Holding Co		600		37
NorthWestern Corp		1,201		72
NRG Energy Inc		3,905		106
OGE Energy Corp		3,290		101
ONE Gas Inc		1,094		91
Ormat Technologies Inc		800		54
Otter Tail Corp		1,600		71
PG&E Corp *		7,761		70
Pinnacle West Capital Corp		1,650		125
PNM Resources Inc		2,052		78
Portland General Electric Co		1,876		90
PPL Corp		6,980		172
Public Service Enterprise Group Inc		5,537		249
Sempra Energy		3,184		360
SJW Group		800		46
South Jersey Industries Inc, Cl A		2,400		60
Southern Co/The		11,024		597
Southwest Gas Holdings Inc		976		68
Spire Inc		1,094		81
UGI Corp		2,447		65
Unitil Corp		500		26
Vistra Energy Corp		5,578		89
WEC Energy Group Inc		3,015		266
Xcel Energy Inc		5,298		319

				10,310
Total Common Stock (Cost $213,282) ($ Thousands)				191,254

	Face Amount (Thousands)

CORPORATE OBLIGATIONS — 11.0%

Communication Services — 1.1%
AT&T
4.125%, 02/17/2026	$	574		608
3.400%, 05/15/2025		2,045		2,127
CCO Holdings
5.000%, 02/01/2028 (D)		282		283


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		219

CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

Multi-Asset Inflation Managed Fund (Continued)



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
4.000%, 03/01/2023 (D)	$	603	$	601
Diamond Sports Group
5.375%, 08/15/2026 (D)		293		238
Fox
3.050%, 04/07/2025		49		49
Verizon Communications
5.012%, 04/15/2049		106		142
4.862%, 08/21/2046		279		364
3.000%, 03/22/2027		222		234
ViacomCBS
4.750%, 05/15/2025		625		628
3.500%, 01/15/2025		835		778
Vodafone Group
3.750%, 01/16/2024		1,584		1,649
Walt Disney
3.350%, 03/24/2025		523		570
				8,271

Consumer Discretionary — 0.6%
Cox Communications
2.950%, 06/30/2023 (D)		240		242
CSC Holdings
6.750%, 11/15/2021		160		165
Expedia Group Inc
3.800%, 02/15/2028		805		696
General Motors Financial
5.100%, 01/17/2024		858		788
Globo Comunicacao e Participacoes
4.875%, 01/22/2030 (D)		413		353
International Game Technology
6.250%, 02/15/2022 (D)		560		515
McDonald’s MTN
3.300%, 07/01/2025		293		305
Panther BF Aggregator 2
4.375%, 05/15/2026 (D)	EUR	155		141
Starbucks
4.500%, 11/15/2048	$	307		346
Time Warner Cable
4.500%, 09/15/2042		330		310
TJX
3.500%, 04/15/2025		155		158
Virgin Media Finance
5.250%, 02/15/2022		200		206
				4,225

Consumer Staples — 0.6%
Albertsons
3.500%, 02/15/2023 (D)		814		802
Anheuser-Busch InBev Worldwide
5.550%, 01/23/2049		755		887
BAT Capital
3.215%, 09/06/2026		891		847



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
BRF
3.950%, 05/22/2023	$	254	$	232
BRF GmbH
4.350%, 09/29/2026		300		256
Coca-Cola
2.950%, 03/25/2025		620		664
Coca-Cola Femsa
2.750%, 01/22/2030		326		318
Tyson Foods
3.950%, 08/15/2024		715		724
Virgolino de Oliveira Finance
10.500%, 01/28/2018 (D)(E)(F)		660		20
				4,750

Energy — 1.2%
Baker Hughes a GE
4.080%, 12/15/2047		177		145
3.337%, 12/15/2027		501		478
Cenovus Energy
4.250%, 04/15/2027		52		25
Energy Transfer Operating
5.200%, 02/01/2022		465		438
4.500%, 04/15/2024		260		232
3.750%, 05/15/2030		905		697
Energy Transfer Partners
4.500%, 11/01/2023		114		102
Eni
4.250%, 05/09/2029 (D)		900		871
Enterprise Products Operating
5.200%, 09/01/2020		340		337
3.700%, 01/31/2051		686		605
Exxon Mobil
2.992%, 03/19/2025		601		636
Hess
4.300%, 04/01/2027		966		700
Husky Energy
4.400%, 04/15/2029		1,047		742
Marathon Petroleum
5.125%, 03/01/2021		196		190
Occidental Petroleum
3.500%, 08/15/2029		755		357
Pertamina Persero MTN
6.450%, 05/30/2044		450		490
Petroleos Mexicanos
6.840%, 01/23/2030 (D)		181		131
Petroleos Mexicanos MTN
6.750%, 09/21/2047		380		247
Sabine Pass Liquefaction
5.000%, 03/15/2027		720		612
Sunoco
5.875%, 03/15/2028		257		213
4.875%, 01/15/2023		563		538


220		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Transocean Poseidon
6.875%, 02/01/2027 (D)	$	294	$	238
Williams
3.900%, 01/15/2025		217		200
				9,224

Financials — 4.3%
ABN AMRO Bank
4.750%, 07/28/2025 (D)		269		269
AIB Group MTN
4.750%, 10/12/2023 (D)		300		300
4.263%, VAR ICE LIBOR USD 3 Month+1.874%, 04/10/2025 (D)		605		615
American Express
4.026%, VAR ICE LIBOR USD 3 Month+3.285% (G)		359		303
Australia & New Zealand Banking Group
4.400%, 05/19/2026 (D)		400		401
Banco Santander
5.179%, 11/19/2025		800		847
Bank of America
6.500%, VAR ICE LIBOR USD 3 Month+4.174% (G)		362		382
6.300%, VAR ICE LIBOR USD 3 Month+4.553% (G)		233		245
Bank of America MTN
3.950%, 04/21/2025		1,205		1,267
3.124%, VAR ICE LIBOR USD 3 Month+1.160%, 01/20/2023		1,200		1,219
Banque Federative du Credit Mutuel MTN
2.750%, 10/15/2020 (D)		470		468
Barclays
6.860%, VAR ICE LIBOR USD 6 Month+1.730%(D)(G)		131		156
3.684%, 01/10/2023		695		697
BNP Paribas
2.375%, 05/21/2020		200		200
BNP Paribas MTN
4.375%, 05/12/2026 (D)		650		665
Charles Schwab
4.200%, 03/24/2025		570		601
CIT Group
5.250%, 03/07/2025		476		464
Citigroup
5.950%, VAR ICE LIBOR USD 3 Month+4.068% (G)		311		301
5.950%, VAR ICE LIBOR USD 3 Month+4.095% (G)		320		282
3.875%, 03/26/2025		905		917
Commonwealth Bank of Australia
4.500%, 12/09/2025 (D)		400		408



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Cooperatieve Rabobank UA
4.375%, 08/04/2025	$	657	$	673
Credit Agricole MTN
2.750%, 06/10/2020 (D)		400		401
Credit Suisse Group
7.500%, VAR USD Swap Semi 30/360 5 Yr Curr+4.600% (G)		645		595
6.375%, VAR US Treas Yield Curve Rate T Note Const Mat 5 Yr+4.822%(D) (G)		365		320
Credit Suisse Group Funding Guernsey
4.550%, 04/17/2026		555		581
Danske Bank
3.244%, VAR ICE LIBOR USD 3 Month+1.591%, 12/20/2025 (D)		900		836
Discover Bank
4.682%, VAR USD Swap Semi 30/360 5 Yr Curr+1.730%, 08/09/2028		475		484
Goldman Sachs Group
5.000%, VAR ICE LIBOR USD 3 Month+2.874% (G)		236		201
3.500%, 04/01/2025		435		445
2.350%, 11/15/2021		847		846
Goldman Sachs Group MTN
3.213%, VAR ICE LIBOR USD 3 Month+1.600%, 11/29/2023		900		873
2.905%, VAR ICE LIBOR USD 3 Month+0.990%, 07/24/2023		728		726
Guardian Life Insurance of America
4.850%, 01/24/2077 (D)		145		165
HSBC Bank USA
4.875%, 08/24/2020		450		453
HSBC Holdings
4.292%, VAR ICE LIBOR USD 3 Month+1.348%, 09/12/2026		261		260
4.041%, VAR ICE LIBOR USD 3 Month+1.546%, 03/13/2028		552		561
ING Groep
3.550%, 04/09/2024		500		503
Intesa Sanpaolo MTN
5.017%, 06/26/2024 (D)		335		328
JPMorgan Chase
5.000%, VAR United States Secured Overnight Financing Rate+3.380%(G)		623		585
JPMorgan Chase MTN
2.295%, 08/15/2021		551		550
Lincoln National
4.200%, 03/15/2022		355		361
Lloyds Banking Group
4.582%, 12/10/2025		741		749
MetLife
5.700%, 06/15/2035		80		91


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		221

CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

Multi-Asset Inflation Managed Fund (Continued)



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Metropolitan Life Global Funding I
3.875%, 04/11/2022 (D)	$	275	$	289
Morgan Stanley
5.550%, VAR ICE LIBOR USD 3 Month+3.810% (G)		160		139
Morgan Stanley MTN
5.000%, 11/24/2025		275		301
4.350%, 09/08/2026		854		905
Nationwide Building Society
4.000%, 09/14/2026 (D)		747		721
Nationwide Financial Services
5.375%, 03/25/2021 (D)		470		475
Navient
6.625%, 07/26/2021		770		789
Navient MTN
7.250%, 01/25/2022		52		50
Royal Bank of Scotland Group
8.625%, VAR USD Swap Semi 30/360 5 Yr Curr+7.598% (G)		425		414
3.770%, VAR ICE LIBOR USD 3 Month+2.320% (G)		600		496
Santander Holdings USA
4.400%, 07/13/2027		771		746
3.244%, 10/05/2026		525		465
Santander UK
5.000%, 11/07/2023 (D)		232		234
SBA Tower Trust
3.156%, 10/08/2020 (D)		950		949
Standard Chartered
7.750%, VAR USD Swap Semi 30/360 5 Yr Curr+5.723%(D)(G)		200		197
7.500%, VAR USD Swap Semi 30/360 5 Yr Curr+6.301% (G)		412		402
3.280%, VAR ICE LIBOR USD 3 Month+1.510%(D)(G)		400		279
State Street
2.901%, VAR United States Secured Overnight Financing Rate+2.600%, 03/30/2026 (D)		63		65
Synchrony Financial
4.500%, 07/23/2025		945		924
Truist Financial MTN
2.625%, 06/29/2020		400		399
UBS Group
4.125%, 09/24/2025 (D)		689		716
US Bancorp
5.300%, VAR ICE LIBOR USD 3 Month+2.914% (G)		474		455
Voya Financial
5.650%, VAR ICE LIBOR USD 3 Month+3.580%, 05/15/2053		258		234
				33,238



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)

Health Care — 0.8%
AbbVie
4.875%, 11/14/2048	$	237	$	275
Centene
4.625%, 12/15/2029 (D)		167		168
4.250%, 12/15/2027 (D)		146		143
Cigna
4.375%, 10/15/2028		382		410
4.125%, 11/15/2025		286		306
3.750%, 07/15/2023		242		249
CVS Health
3.625%, 04/01/2027		144		147
Gilead Sciences
2.550%, 09/01/2020		1,137		1,140
Humana
4.500%, 04/01/2025		822		857
Mylan
3.950%, 06/15/2026		437		431
Takeda Pharmaceutical
4.400%, 11/26/2023		820		863
Thermo Fisher Scientific
4.133%, 03/25/2025		353		378
Zimmer Biomet Holdings
3.050%, 01/15/2026		143		140
2.700%, 04/01/2020		480		480
				5,987

Industrials — 0.5%
Adani Ports & Special Economic Zone
3.950%, 01/19/2022 (D)		670		639
Alfa
5.250%, 03/25/2024 (D)		660		619
Embraer Netherlands Finance BV
5.400%, 02/01/2027		669		589
General Electric
0.875%, 05/17/2025	EUR	825		821
Lima Metro Line 2 Finance
5.875%, 07/05/2034	$	245		261
4.350%, 04/05/2036 (D)		225		212
Odebrecht Finance
7.125%, 06/26/2042 (D)(F)		444		18
Rumo Luxembourg Sarl
5.875%, 01/18/2025 (D)		409		378
TransDigm
6.250%, 03/15/2026 (D)		405		403
				3,940

Information Technology — 0.7%
Broadcom
4.250%, 04/15/2026 (D)		378		372
3.875%, 01/15/2027		486		464
3.625%, 01/15/2024		182		179


222		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
3.625%, 10/15/2024 (D)	$	360	$	354
CommScope Finance
6.000%, 03/01/2026 (D)		294		294
5.500%, 03/01/2024 (D)		228		231
Global Payments
4.000%, 06/01/2023		392		406
Intel
3.400%, 03/25/2025		827		902
Lam Research
2.800%, 06/15/2021		640		646
Mastercard
3.300%, 03/26/2027		330		359
Oracle
2.500%, 04/01/2025		834		842
Seagate HDD Cayman
4.750%, 01/01/2025		209		208
				5,257

Materials — 0.7%
Alpek
4.250%, 09/18/2029 (D)		203		166
Braskem Netherlands Finance BV
4.500%, 01/31/2030 (D)		1,130		880
Celulosa Arauco y Constitucion
4.200%, 01/29/2030 (D)		380		326
DuPont de Nemours
4.493%, 11/15/2025		690		743
4.205%, 11/15/2023		690		726
Eastman Chemical Co
3.800%, 03/15/2025		318		322
GUSAP III
4.250%, 01/21/2030 (D)		675		595
Inversiones CMPC
4.375%, 05/15/2023		389		373
4.375%, 04/04/2027		1,080		1,007
Nacional del Cobre de Chile
3.150%, 01/14/2030 (D)		455		421
				5,559

Real Estate — 0.1%
Host Hotels & Resorts
3.750%, 10/15/2023		16		14
Welltower
4.000%, 06/01/2025		550		534
				548
Utilities — 0.4%
AES
4.000%, 03/15/2021		463		454



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Berkshire Hathaway Energy
4.250%, 10/15/2050 (D)		191		216
Colbun
3.150%, 03/06/2030 (D)	$	200	$	174
Consolidated Edison of New York
3.950%, 04/01/2050		173		182
Enel Chile
4.875%, 06/12/2028		650		631
Florida Power & Light
2.850%, 04/01/2025		154		161
Israel Electric
5.000%, 11/12/2024 (D)		792		825
Perusahaan Listrik Negara MTN
6.150%, 05/21/2048		230		249
Terraform Global Operating
6.125%, 03/01/2026 (D)		188		183
				3,075
Total Corporate Obligations (Cost $87,795) ($ Thousands)				84,074

MORTGAGE-BACKED SECURITIES — 7.9%

Agency Mortgage-Backed Obligations — 0.6%
FHLMC CMO, Ser 2017-4693, Cl SL, IO
5.445%, VAR ICE LIBOR USD 1 Month+6.150%,06/15/2047		2,174		440
FHLMC CMO, Ser 2017-4727, Cl SA, IO
5.495%, VAR ICE LIBOR USD 1 Month+6.200%,11/15/2047		1,841		253
FNMA CMO, Ser 2011-131, Cl ST, IO
5.593%, VAR ICE LIBOR USD 1 Month+6.540%,12/25/2041		1,114		226
FNMA CMO, Ser 2014-17, Cl SA, IO
5.103%, VAR ICE LIBOR USD 1 Month+6.050%,04/25/2044		2,643		555
FNMA CMO, Ser 2014-78, Cl SE, IO
5.153%, VAR ICE LIBOR USD 1 Month+6.100%,12/25/2044		1,961		369
FNMA CMO, Ser 2014-92, Cl SX, IO
5.153%, VAR ICE LIBOR USD 1 Month+6.100%,01/25/2045		2,267		470
FNMA CMO, Ser 2016-77, Cl DS, IO
5.053%, VAR ICE LIBOR USD 1 Month+6.000%,10/25/2046		1,991		364
FNMA CMO, Ser 2017-62, Cl AS, IO
5.203%, VAR ICE LIBOR USD 1 Month+6.150%,08/25/2047		2,209		365
FNMA CMO, Ser 2017-81, Cl SA, IO
5.253%, VAR ICE LIBOR USD 1 Month+6.200%,10/25/2047		2,230		448


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		223

CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

Multi-Asset Inflation Managed Fund (Continued)



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
FNMA CMO, Ser 2017-97, Cl LS, IO
5.253%, VAR ICE LIBOR USD 1 Month+6.200%,12/25/2047	$	2,345	$	534
GNMA CMO, Ser 2017-122, Cl SA, IO
5.427%, VAR ICE LIBOR USD 1 Month+6.200%,08/20/2047		1,530		297
GNMA CMO, Ser 2017-134, Cl SE, IO
5.427%, VAR ICE LIBOR USD 1 Month+6.200%,09/20/2047		1,707		243

				4,564
Non-Agency Mortgage-Backed Obligations — 7.3%
Alternative Loan Trust, Ser 2005-20CB, Cl 3A6
5.500%,07/25/2035		76		64
Alternative Loan Trust, Ser 2005-57CB, Cl 4A3
5.500%,12/25/2035		4		3
Alternative Loan Trust, Ser 2006-24CB, Cl A16
5.750%,08/25/2036		342		231
Alternative Loan Trust, Ser 2006-28CB, Cl A14
6.250%,10/25/2036		252		181
Alternative Loan Trust, Ser 2006-J1, Cl 1A13
5.500%,02/25/2036		173		140
Ashford Hospitality Trust, Ser 2018-KEYS, Cl A
1.705%, VAR ICE LIBOR USD 1 Month+1.000%,05/15/2035 (D)		1,000		770
BAMLL Commercial Mortgage Securities Trust, Ser 2013-WBRK, Cl D
3.534%,03/10/2037 (C)(D)		365		311
BAMLL Commercial Mortgage Securities Trust, Ser 2017-SCH, Cl AF
1.705%, VAR ICE LIBOR USD 1 Month+1.000%,11/15/2033 (D)		1,610		1,545
Bellemeade Re, Ser 2018-2A, Cl M1B
2.297%, VAR ICE LIBOR USD 1 Month+1.350%,08/25/2028 (D)		243		241
Bellemeade Re, Ser 2018-3A, Cl M1B
2.797%, VAR ICE LIBOR USD 1 Month+1.850%,10/25/2028 (D)		529		526
Bellemeade Re, Ser 2019-1A, Cl M1B
2.697%, VAR ICE LIBOR USD 1 Month+1.750%,03/25/2029 (D)		675		595
Bellemeade Re, Ser 2019-2A, Cl M1C
2.947%, VAR ICE LIBOR USD 1 Month+2.000%,04/25/2029 (D)		481		428
Bellemeade Re, Ser 2019-3A, Cl M1B
2.547%, VAR ICE LIBOR USD 1 Month+1.600%,07/25/2029 (D)		466		399



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
Bellemeade Re, Ser 2019-3A, Cl M1C
2.897%, VAR ICE LIBOR USD 1 Month+1.950%,07/25/2029 (D)	$	340	$	252
Bellemeade Re, Ser 2019-4A, Cl M1B
2.947%, VAR ICE LIBOR USD 1 Month+2.000%,10/25/2029 (D)		675		644
BFLD, Ser 2019-DPLO, Cl D
2.545%, VAR ICE LIBOR USD 1 Month+1.840%,10/15/2034 (D)		332		249
BHMS, Ser 2018-ATLS, Cl A
1.955%, VAR ICE LIBOR USD 1 Month+1.250%,07/15/2035 (D)		774		648
BX Trust, Ser 2018-EXCL, Cl A
1.792%, VAR ICE LIBOR USD 1 Month+1.088%,09/15/2037 (D)		867		757
CCUBS Commercial Mortgage Trust, Ser 2017-C1, Cl A4
3.544%,11/15/2050 (C)		1,115		1,165
CFCRE Commercial Mortgage Trust, Ser 2016-C4, Cl A4
3.283%,05/10/2058		670		685
CGRBS Commercial Mortgage Trust, Ser 2013-VN05, Cl A
3.369%,03/13/2035 (D)		915		906
Chase Mortgage Finance Trust, Ser 2007-S5, Cl 1A17
6.000%,07/25/2037		123		86
Chase Mortgage Reference Notes, Ser 2019- CL1, Cl M3
3.047%, VAR ICE LIBOR USD 1 Month+2.100%,04/25/2047 (D)		208		180
CHL Mortgage Pass-Through Trust, Ser 2006- 10, Cl 1A8
6.000%,05/25/2036		184		130
CHL Mortgage Pass-Through Trust, Ser 2006- 13, Cl 1A19
6.250%,09/25/2036		86		57
Citigroup Commercial Mortgage Trust, Ser 2013-GC11, Cl D
4.419%,04/10/2046 (C)(D)		343		299
Citigroup Commercial Mortgage Trust, Ser 2015-GC27, Cl A5
3.137%,02/10/2048		980		994
Citigroup Commercial Mortgage Trust, Ser 2015-GC35, Cl A4
3.818%,11/10/2048		435		466
Citigroup Commercial Mortgage Trust, Ser 2016-GC36, Cl A5
3.616%,02/10/2049		540		574
CLNY Trust, Ser 2019-IKPR, Cl D
2.730%, VAR ICE LIBOR USD 1 Month+2.025%,11/15/2038 (D)		680		493


224		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
COMM Mortgage Trust, Ser 2010-C1, Cl D
5.895%,07/10/2046 (C)(D)	$	740	$	726
COMM Mortgage Trust, Ser 2013-CR12, Cl A4
4.046%,10/10/2046		870		919
COMM Mortgage Trust, Ser 2015-CR24, Cl A5
3.696%,08/10/2048		545		582
COMM Mortgage Trust, Ser 2015-DC1, Cl A5
3.350%,02/10/2048		250		256
Commercial Mortgage Pass-Through Certificates, Ser 2013-SFS, Cl A1
1.873%,04/12/2035 (D)		163		160
Connecticut Avenue Securities Trust, Ser 2018-R07, Cl 1M2
3.347%, VAR ICE LIBOR USD 1 Month+2.400%,04/25/2031 (D)		439		376
Connecticut Avenue Securities Trust, Ser 2019-R02, Cl 1M2
3.247%, VAR ICE LIBOR USD 1 Month+2.300%,08/25/2031 (D)		292		242
Connecticut Avenue Securities Trust, Ser 2019-R03, Cl 1M2
3.097%, VAR ICE LIBOR USD 1 Month+2.150%,09/25/2031 (D)		159		130
Connecticut Avenue Securities Trust, Ser 2019-R04, Cl 2M2
3.047%, VAR ICE LIBOR USD 1 Month+2.100%,06/25/2039 (D)		508		413
Connecticut Avenue Securities Trust, Ser 2019-R05, Cl 1M2
2.947%, VAR ICE LIBOR USD 1 Month+2.000%,07/25/2039 (D)		343		290
Connecticut Avenue Securities Trust, Ser 2019-R06, Cl 2M2
3.047%, VAR ICE LIBOR USD 1 Month+2.100%,09/25/2039 (D)		529		409
Connecticut Avenue Securities Trust, Ser 2019-R07, Cl 1M2
3.047%, VAR ICE LIBOR USD 1 Month+2.100%,10/25/2039 (D)		900		725
CSAIL Commercial Mortgage Trust, Ser 2015- C2, Cl A4
3.504%,06/15/2057		436		451
CSAIL Commercial Mortgage Trust, Ser 2015- C4, Cl A4
3.808%,11/15/2048		1,090		1,148
DBWF Mortgage Trust, Ser 2018-GLKS, Cl A
1.780%, VAR ICE LIBOR USD 1 Month+1.030%,12/19/2030 (D)		761		622
Deutsche Alt-A Securities Mortgage Loan Trust, Ser 2006-AR4, Cl A2
1.137%, VAR ICE LIBOR USD 1 Month+0.190%,12/25/2036		438		191



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
Eagle RE, Ser 2018-1, Cl M1
2.647%, VAR ICE LIBOR USD 1 Month+1.700%,11/25/2028 (D)	$	127	$	126
Eagle RE, Ser 2020-1, Cl M1A
1.847%, VAR ICE LIBOR USD 1 Month+0.900%,01/25/2030 (D)		790		753
FHLMC STACR Remic Trust, Ser 2019-HQA4, Cl M1
1.717%, VAR ICE LIBOR USD 1 Month+0.770%,11/25/2049 (D)		435		421
FHLMC STACR Remic Trust, Ser 2020-DNA1, Cl M2
2.647%, VAR ICE LIBOR USD 1 Month+1.700%,01/25/2050 (D)		670		432
FHLMC STACR Remic Trust, Ser 2020-HQA2, Cl M1
1.911%, VAR ICE LIBOR USD 1 Month+1.100%,03/25/2050 (D)		675		652
FHLMC STACR Trust, Ser 2019-DNA3, Cl M2
2.997%, VAR ICE LIBOR USD 1 Month+2.050%,07/25/2049 (D)		77		63
FHLMC STACR Trust, Ser 2019-DNA4, Cl M2
2.897%, VAR ICE LIBOR USD 1 Month+1.950%,10/25/2049 (D)		670		503
FHLMC STACR Trust, Ser 2019-FTR2, Cl M2
3.097%, VAR ICE LIBOR USD 1 Month+2.150%,11/25/2048 (D)		363		270
FHLMC STACR Trust, Ser 2019-HQA3, Cl M2
2.797%, VAR ICE LIBOR USD 1 Month+1.850%,09/25/2049 (D)		450		365
FHLMC Structured Agency Credit Risk Debt Notes, Ser 2013-DN1
8.097%,07/25/2023		481		457
FHLMC Structured Agency Credit Risk Debt Notes, Ser 2017-DNA1, Cl M2
4.197%, VAR ICE LIBOR USD 1 Month+3.250%,07/25/2029		635		559
FHLMC Structured Agency Credit Risk Debt Notes, Ser 2017-DNA3, Cl M2
3.447%, VAR ICE LIBOR USD 1 Month+2.500%,03/25/2030		450		387
FHLMC Structured Agency Credit Risk Debt Notes, Ser 2017-HQA2, Cl M2
3.597%, VAR ICE LIBOR USD 1 Month+2.650%,12/25/2029		250		216
First Horizon Alternative Mortgage Securities Trust, Ser 2006-FA3, Cl A9
6.000%,07/25/2036		173		118
FNMA Connecticut Avenue Securities, Ser 2015-C01, Cl 1M2
5.247%, VAR ICE LIBOR USD 1 Month+4.300%,02/25/2025		422		398


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		225

CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

Multi-Asset Inflation Managed Fund (Continued)



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
FNMA Connecticut Avenue Securities, Ser 2015-C02, Cl 2M2
4.947%, VAR ICE LIBOR USD 1 Month+4.000%,05/25/2025	$	248	$	234
FNMA Connecticut Avenue Securities, Ser 2015-C02, Cl 1M2
4.947%, VAR ICE LIBOR USD 1 Month+4.000%,05/25/2025		478		444
FNMA Connecticut Avenue Securities, Ser 2015-C03, Cl 2M2
5.947%, VAR ICE LIBOR USD 1 Month+5.000%,07/25/2025		519		500
FNMA Connecticut Avenue Securities, Ser 2015-C03, Cl 1M2
5.947%, VAR ICE LIBOR USD 1 Month+5.000%,07/25/2025		567		546
FNMA Connecticut Avenue Securities, Ser 2015-C04, Cl 2M2
6.497%, VAR ICE LIBOR USD 1 Month+5.550%,04/25/2028		496		459
FNMA Connecticut Avenue Securities, Ser 2015-C04, Cl 1M2
6.647%, VAR ICE LIBOR USD 1 Month+5.700%,04/25/2028		189		187
FNMA Connecticut Avenue Securities, Ser 2016-C05, Cl 2M2
5.397%, VAR ICE LIBOR USD 1 Month+4.450%,01/25/2029		735		702
FNMA Connecticut Avenue Securities, Ser 2016-C06, Cl 1M2
5.197%, VAR ICE LIBOR USD 1 Month+4.250%,04/25/2029		244		234
FNMA Connecticut Avenue Securities, Ser 2017-C04, Cl 2M2
3.797%, VAR ICE LIBOR USD 1 Month+2.850%,11/25/2029		695		607
GS Mortgage Securities Trust, Ser 2011-GC5, Cl D
5.389%,08/10/2044 (C)(D)		80		76
GS Mortgage Securities Trust, Ser 2014-GC18, Cl D
4.989%,01/10/2047 (C)(D)		679		587
GS Mortgage Securities Trust, Ser 2018-GS9, Cl A4
3.992%,03/10/2051 (C)		1,350		1,448
GS Mortgage Securities Trust, Ser 2019- BOCA, Cl A
1.905%, VAR ICE LIBOR USD 1 Month+1.200%,06/15/2038 (D)		331		267
GS Mortgage Securities Trust, Ser 2019-SMP, Cl A
1.855%, VAR ICE LIBOR USD 1 Month+1.150%,08/15/2032 (D)		450		382



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
Home RE, Ser 2018-1, Cl M1
2.547%, VAR ICE LIBOR USD 1 Month+1.600%,10/25/2028 (D)	$	212	$	211
HomeBanc Mortgage Trust, Ser 2005-1, Cl A1
1.197%, VAR ICE LIBOR USD 1 Month+0.250%,03/25/2035		119		95
JPMBB Commercial Mortgage Securities Trust, Ser 2014-C21, Cl A5
3.775%,08/15/2047		925		977
JPMBB Commercial Mortgage Securities Trust, Ser 2014-C22, Cl XA, IO
0.835%,09/15/2047 (C)		18,165		546
JPMBB Commercial Mortgage Securities Trust, Ser 2015-C30, Cl A5
3.822%,07/15/2048		540		576
JPMBB Commercial Mortgage Securities Trust, Ser 2015-C31, Cl A3
3.801%,08/15/2048		1,092		1,165
JPMCC Commercial Mortgage Securities Trust, Ser 2017-JP7, Cl XA, IO
1.068%,09/15/2050 (C)		6,700		364
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2014-C20, Cl A5
3.805%,07/15/2047		900		950
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2020-NNN, Cl EFL
2.555%, VAR ICE LIBOR USD 1 Month+1.850%,01/16/2037 (D)		108		99
LB-UBS Commercial Mortgage Trust, Ser 2006-C6, Cl AJ
5.452%,09/15/2039 (C)		219		128
LSTAR Commercial Mortgage Trust, Ser 2016- 4, Cl A2
2.579%,03/10/2049 (D)		971		975
Morgan Stanley Bank of America Merrill Lynch Trust, Ser 2014-C16, Cl A5
3.892%,06/15/2047		920		958
Morgan Stanley Capital I Trust, Ser 2011-C1, Cl D
5.375%,09/15/2047 (C)(D)		100		86
Morgan Stanley Capital I Trust, Ser 2015- XLF2, Cl SNMA
2.655%, VAR ICE LIBOR USD 1 Month+1.950%,11/15/2026 (D)		204		194
Morgan Stanley Capital I Trust, Ser 2016- UB12, Cl A4
3.596%,12/15/2049		835		870
Mortgage Insurance-Linked Notes, Ser 2020- 1, Cl M1A
1.897%, VAR ICE LIBOR USD 1 Month+0.950%,02/25/2030 (D)		289		277


226		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
Mortgage Insurance-Linked Notes, Ser 2019- 1, Cl M1
2.847%, VAR ICE LIBOR USD 1 Month+1.900%,11/26/2029 (D)	$	553	$	525
Natixis Commercial Mortgage Securities Trust, Ser 2018-850T, Cl A
1.488%, VAR ICE LIBOR USD 1 Month+0.784%,07/15/2033 (D)		910		869
Natixis Commercial Mortgage Securities Trust, Ser 2019-MILE, Cl A
2.205%, VAR ICE LIBOR USD 1 Month+1.500%,07/15/2036 (D)		313		293
Oaktown Re III, Ser 2019-1A, Cl M1B
2.897%, VAR ICE LIBOR USD 1 Month+1.950%,07/25/2029 (D)		338		303
PMT Credit Risk Transfer Trust, Ser 2019-1R, Cl A
3.613%, VAR ICE LIBOR USD 1 Month+2.000%,03/27/2024 (D)		272		261
PMT Credit Risk Transfer Trust, Ser 2019-2R, Cl A
4.363%, VAR ICE LIBOR USD 1 Month+2.750%,05/27/2023 (D)		483		451
PMT Credit Risk Transfer Trust, Ser 2019-3R, Cl A
3.659%, VAR ICE LIBOR USD 1 Month+2.700%,10/27/2022 (D)		195		187
PMT Credit Risk Transfer Trust, Ser 2020-1R, Cl A
3.995%, VAR ICE LIBOR USD 1 Month+2.350%,02/27/2023 (D)		651		614
Radnor RE, Ser 2019-1, Cl M1B
2.897%, VAR ICE LIBOR USD 1 Month+1.950%,02/25/2029 (D)		621		619
Radnor RE, Ser 2019-2, Cl M1B
2.697%, VAR ICE LIBOR USD 1 Month+1.750%,06/25/2029 (D)		486		454
Starwood Retail Property Trust, Ser 2014- STAR, Cl A
2.175%, VAR ICE LIBOR USD 1 Month+1.470%,11/15/2027 (D)		1,607		1,500
UBS Commercial Mortgage Trust, Ser 2018- C10, Cl A4
4.313%,05/15/2051		1,155		1,273
UBS Commercial Mortgage Trust, Ser 2018- C8, Cl A4
3.983%,02/15/2051		900		939
UBS Commercial Mortgage Trust, Ser 2018- C9, Cl A4
4.117%,03/15/2051 (C)		1,410		1,569
UBS-Barclays Commercial Mortgage Trust, Ser 2012-C4, Cl A5
2.850%,12/10/2045		596		594



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MORTGAGE-BACKED SECURITIES (continued)
Wells Fargo Commercial Mortgage Trust, Ser 2015-SG1, Cl C
4.467%,09/15/2048 (C)	$	794	$	675
Wells Fargo Commercial Mortgage Trust, Ser 2015-SG1, Cl A4
3.789%,09/15/2048		485		507
Wells Fargo Commercial Mortgage Trust, Ser 2016-C35, Cl XA, IO
1.948%,07/15/2048 (C)		3,822		338
Wells Fargo Commercial Mortgage Trust, Ser 2016-NXS6, Cl C
4.314%,11/15/2049 (C)		925		759
Wells Fargo Credit Risk Transfer Securities Trust, Ser 2015-WF1, Cl 1M2
6.877%, VAR ICE LIBOR USD 1 Month+5.250%,11/25/2025 (D)		451		456
Wells Fargo Credit Risk Transfer Securities Trust, Ser 2015-WF1, Cl 2M2
7.127%, VAR ICE LIBOR USD 1 Month+5.500%,11/25/2025 (D)		134		132

				55,841

Total Mortgage-Backed Securities (Cost $64,042) ($ Thousands)				60,405

U.S. GOVERNMENT AGENCY OBLIGATIONS — 7.1%
FFCB
2.050%, 11/25/2025 ^		2,800		2,818
1.112%, VAR ICE LIBOR USD 1 Month+0.130%, 11/05/2021 ^		3,000		2,999
1.000%, 06/30/2022 ^		500		500
0.700%, VAR US Treasury 3 Month Bill Money Market Yield+0.420%, 11/07/2022 ^		1,200		1,198
0.550%, VAR US Treasury 3 Month Bill Money Market Yield+0.270%, 05/16/2022 ^		1,500		1,496
0.450%, VAR Fed Res Daily Prime-2.800%, 11/23/2021 ^		3,000		3,005
0.450%, VAR Fed Res Daily Prime-2.800%, 03/14/2022 ^		2,800		2,806
0.440%, VAR Fed Res Daily Prime-2.810%, 05/20/2022 ^		2,800		2,806
0.320%, VAR United States Secured Overnight Financing Rate+0.310%, 11/07/2022 ^		2,500		2,503
0.210%, VAR United States Secured Overnight Financing Rate+0.200%, 04/22/2022 ^		4,700		4,686
FHLB
2.400%, 01/21/2028 ^		1,700		1,705
2.000%, 08/21/2024 ^		1,500		1,506


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		227

CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

Multi-Asset Inflation Managed Fund (Continued)



Description	Face Amount (Thousands)		Market Value ($ Thousands)

U.S. GOVERNMENT AGENCY OBLIGATIONS (continued)
FHLB DN
0.450%, 06/05/2020 ^(A)	$	1,500	$	1,500
0.442%, 03/19/2021 ^(A)		3,000		2,995
FHLMC
1.150%, 03/30/2022 ^		2,000		2,000
FHLMC MTN
1.800%, 01/13/2023 ^		1,000		1,001
0.330%, VAR United States Secured Overnight Financing Rate+0.320%, 09/23/2021 ^		2,500		2,499
0.160%, VAR United States Secured Overnight Financing Rate+0.150%, 03/04/2022 ^		2,000		1,990
0.150%, VAR United States Secured Overnight Financing Rate+0.140%, 12/10/2021 ^		2,000		1,992
0.140%, VAR United States Secured Overnight Financing Rate+0.130%, 08/05/2022 ^		8,100		8,048
FNMA
1.950%, 10/28/2022 ^		1,300		1,301
0.120%, VAR United States Secured Overnight Financing Rate+0.110%, 03/04/2022 ^		1,000		995
0.110%, VAR United States Secured Overnight Financing Rate+0.100%, 12/03/2021 ^		2,000		1,991

Total U.S. Government Agency Obligations (Cost $54,387) ($ Thousands)				54,340

SOVEREIGN DEBT — 2.2%

Brazil Letras do Tesouro Nacional
4.176%, 04/01/2020 (A)	BRL	38,500		7,423
Egypt Government International Bond MTN
6.125%, 01/31/2022 (D)	$	291		279
Israel Government International Bond
3.875%, 07/03/2050		503		503
Japan Treasury Discount Bill
0.000%, 05/11/2020 (A)	JPY	332,650		3,082
Japanese Government CPI Linked Bond
0.100%, 03/10/2027		480,943		4,451
Malaysia Government International Bond
3.882%, 03/10/2022	MYR	4,695		1,110

Total Sovereign Debt (Cost $18,714) ($ Thousands)				16,848



Description	Face Amount (Thousands)		Market Value ($ Thousands)

ASSET-BACKED SECURITIES — 2.2%

Automotive — 1.2%

Avis Budget Rental Car Funding AESOP, Ser 2016-1A, Cl A
2.990%, 06/20/2022 (D)	$	646	$	631
Avis Budget Rental Car Funding AESOP, Ser 2018-1A, Cl A
3.700%, 09/20/2024 (D)		930		895
Avis Budget Rental Car Funding AESOP, Ser 2018-2A, Cl A
4.000%, 03/20/2025 (D)		1,080		1,066
Exeter Automobile Receivables Trust, Ser 2016-1A, Cl D
8.200%, 02/15/2023 (D)		431		437
Exeter Automobile Receivables Trust, Ser 2019-3A, Cl B
2.580%, 08/15/2023 (D)		920		907
First Investors Auto Owner Trust, Ser 2020- 1A, Cl A
1.490%, 01/15/2025 (D)		635		636
Flagship Credit Auto Trust, Ser 2016-2, Cl D
8.560%, 11/15/2023 (D)		545		565
Flagship Credit Auto Trust, Ser 2016-4, Cl D
3.890%, 11/15/2022 (D)		450		449
Flagship Credit Auto Trust, Ser 2017-4, Cl A
2.070%, 04/15/2022 (D)		25		25
Flagship Credit Auto Trust, Ser 2018-3, Cl B
3.590%, 12/16/2024 (D)		925		920
Hertz Vehicle Financing II, Ser 2017-1A, Cl A
2.960%, 10/25/2021 (D)		1,160		1,141
Hertz Vehicle Financing II, Ser 2018-1A, Cl A
3.290%, 02/25/2024 (D)		470		443
Hertz Vehicle Financing II, Ser 2019-1A, Cl A
3.710%, 03/25/2023 (D)		535		519
Hertz Vehicle Financing II, Ser 2019-2A, Cl A
3.420%, 05/25/2025 (D)		900		861

				9,495

Credit Cards — 0.4%

World Financial Network Credit Card Master Trust, Ser 2018-A, Cl A
3.070%, 12/16/2024		1,405		1,401
World Financial Network Credit Card Master Trust, Ser 2018-B, Cl M
3.810%, 07/15/2025		710		718
World Financial Network Credit Card Master Trust, Ser 2019-B, Cl M
3.040%, 04/15/2026		770		766

				2,885


228		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020



Description	Face Amount (Thousands)		Market Value ($ Thousands)

ASSET-BACKED SECURITIES (continued)

Other Asset-Backed Securities — 0.6%

Consumer Loan Underlying Bond Credit Trust, Ser 2018-P1, Cl A
3.390%, 07/15/2025 (D)	$	47	$	46
Dryden 78 CLO, Ser 2020-78A, Cl C
3.217%, VAR ICE LIBOR USD 3 Month+1.950%, 04/17/2033 (D)		620		554
Dryden 78 CLO, Ser 2020-78A, Cl D
4.267%, VAR ICE LIBOR USD 3 Month+3.000%, 04/17/2033 (D)		320		224
Elevation CLO, Ser 2020-11A, Cl C
3.523%, VAR ICE LIBOR USD 3 Month+2.200%, 04/15/2033 (D)		550		486
Kayne CLO 7, Ser 2020-7A, Cl C
3.407%, VAR ICE LIBOR USD 3 Month+2.000%, 04/17/2033 (D)		280		248
Marlette Funding Trust, Ser 2018-3A, Cl A
3.200%, 09/15/2028 (D)		131		131
Marlette Funding Trust, Ser 2018-4A, Cl A
3.710%, 12/15/2028 (D)		160		156
Marlette Funding Trust, Ser 2020-1A, Cl A
2.240%, 03/15/2030 (D)		214		207
Prosper Marketplace Issuance Trust, Ser 2019-3A, Cl A
3.190%, 07/15/2025 (D)		259		249
SoFi Consumer Loan Program, Ser 2016-2, Cl A
3.090%, 10/27/2025 (D)		35		34
SoFi Consumer Loan Program, Ser 2016-3, Cl A
3.050%, 12/26/2025 (D)		50		49
SoFi Consumer Loan Program, Ser 2017-2, Cl A
3.280%, 02/25/2026 (D)		86		86
SoFi Consumer Loan Program, Ser 2017-5, Cl A2
2.780%, 09/25/2026 (D)		466		441
SoFi Consumer Loan Program, Ser 2017-6, Cl A2
2.820%, 11/25/2026 (D)		584		570
SoFi Consumer Loan Program, Ser 2018-3, Cl A2
3.670%, 08/25/2027 (D)		695		674
Voya CLO, Ser 2019-1A, Cl DR
4.069%, VAR ICE LIBOR USD 3 Month+2.850%, 04/15/2031 (D)		250		202
				4,357
Total Asset-Backed Securities (Cost $17,275) ($ Thousands)				16,737



Description	Number of Rights			Market Value ($ Thousands)

RIGHT — 0.0%
Celgene Corp* ^‡‡		8,207		$	31

Total Right (Cost $18) ($ Thousands)					31

Total Investments in Securities — 127.0% (Cost $1,002,615) ($ Thousands)				$	971,423


	Shares

COMMON STOCK SOLD SHORT— (10.8)%

Communication Services — (0.6)%
Altice USA Inc, Cl A *		(2,700	)		(60	)
Cardlytics Inc *		(600	)		(21	)
Charter Communications Inc, Cl A *		(2,060	)		(899	)
Comcast Corp, Cl A		(54,500	)		(1,874	)
Discovery Inc, Cl A *		(2,200	)		(43	)
Discovery Inc, Cl C *		(2,900	)		(51	)
DISH Network Corp, Cl A *		(3,100	)		(62	)
Fox Corp		(6,667	)		(156	)
Interpublic Group of Cos Inc/The		(4,700	)		(76	)
John Wiley & Sons Inc, Cl A		(1,000	)		(38	)
Liberty Broadband Corp, Cl A *		(1,000	)		(107	)
Liberty Broadband Corp, Cl C *		(1,300	)		(144	)
Liberty Latin America Ltd, Cl C *		(2,600	)		(27	)
Liberty Media Corp-Liberty SiriusXM *		(3,200	)		(101	)
New York Times Co/The, Cl A		(2,000	)		(61	)
News Corp, Cl A		(4,700	)		(42	)
News Corp, Cl B		(4,000	)		(36	)
Nexstar Media Group Inc, Cl A		(600	)		(35	)
Omnicom Group Inc		(3,100	)		(170	)
Sinclair Broadcast Group Inc, Cl A		(900	)		(14	)
Sirius XM Holdings Inc		(17,300	)		(85	)
TechTarget Inc *		(2,600	)		(54	)
TEGNA Inc		(2,600	)		(28	)
ViacomCBS Inc, Cl B		(8,000	)		(112	)

					(4,296	)

Consumer Discretionary — (6.8)%
Aaron’s Inc		(1,000	)		(23	)
Acushnet Holdings Corp		(2,200	)		(57	)
Adient PLC *		(7,718	)		(70	)
Adtalem Global Education Inc *		(1,347	)		(36	)
Advance Auto Parts Inc		(729	)		(68	)
Amazon.com Inc, Cl A *		(3,000	)		(5,849	)
American Axle & Manufacturing Holdings Inc *		(11,257	)		(41	)
American Outdoor Brands Corp *		(3,600	)		(30	)
Aptiv PLC		(20,170	)		(993	)
Aramark		(6,948	)		(139	)
AutoZone Inc *		(194	)		(164	)
Best Buy Co Inc		(2,753	)		(157	)


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		229

CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

Multi-Asset Inflation Managed Fund (Continued)



Description	Shares			Market Value ($ Thousands)

COMMON STOCK SOLD SHORT (continued)
BJ’s Restaurants Inc		(800	)	$	(11	)
Bloomin’ Brands Inc		(1,080	)		(8	)
Booking Holdings Inc *		(459	)		(618	)
BorgWarner Inc		(16,064	)		(391	)
Boyd Gaming Corp		(2,081	)		(30	)
Bright Horizons Family Solutions Inc *		(1,779	)		(181	)
Brinker International Inc		(777	)		(9	)
Brunswick Corp/DE		(3,939	)		(139	)
Burlington Stores Inc *		(684	)		(108	)
Caesars Entertainment Corp *		(16,040	)		(108	)
Callaway Golf Co		(2,933	)		(30	)
Capri Holdings Ltd *		(5,308	)		(57	)
CarMax Inc *		(1,666	)		(90	)
Carnival Corp		(9,771	)		(129	)
Carter’s Inc		(1,763	)		(116	)
Carvana Co, Cl A *		(800	)		(44	)
Cavco Industries Inc *		(400	)		(58	)
Century Communities Inc *		(1,900	)		(28	)
Cheesecake Factory Inc/The		(1,734	)		(30	)
Chegg Inc *		(3,500	)		(125	)
Chipotle Mexican Grill Inc, Cl A *		(698	)		(457	)
Choice Hotels International Inc		(1,298	)		(80	)
Churchill Downs Inc		(1,300	)		(134	)
Columbia Sportswear Co		(1,152	)		(80	)
Cooper Tire & Rubber Co		(4,508	)		(73	)
Cooper-Standard Holdings Inc *		(1,651	)		(17	)
Cracker Barrel Old Country Store Inc		(706	)		(59	)
Crocs Inc *		(3,600	)		(61	)
Dana Inc		(10,723	)		(84	)
Darden Restaurants Inc		(3,474	)		(189	)
Dave & Buster’s Entertainment Inc		(1,437	)		(19	)
Deckers Outdoor Corp *		(1,402	)		(188	)
Dine Brands Global Inc		(800	)		(23	)
Dollar General Corp		(2,834	)		(428	)
Dollar Tree Inc *		(2,364	)		(174	)
Domino’s Pizza Inc		(1,073	)		(348	)
Dorman Products Inc *		(2,652	)		(147	)
DR Horton Inc		(17,404	)		(592	)
Dunkin’ Brands Group Inc		(2,218	)		(118	)
eBay Inc		(8,791	)		(264	)
Eldorado Resorts Inc *		(1,993	)		(29	)
Etsy Inc *		(1,200	)		(46	)
Everi Holdings Inc *		(4,400	)		(15	)
Expedia Group Inc		(1,884	)		(106	)
Five Below Inc *		(500	)		(35	)
Floor & Decor Holdings Inc, Cl A *		(900	)		(29	)
Foot Locker Inc, Cl A		(1,280	)		(28	)
Ford Motor Co		(289,971	)		(1,401	)
Fox Factory Holding Corp *		(2,722	)		(114	)
frontdoor Inc *		(1,800	)		(63	)
Gap Inc/The		(3,504	)		(25	)
Garmin Ltd		(7,622	)		(571	)



Description	Shares			Market Value ($ Thousands)

COMMON STOCK SOLD SHORT (continued)
General Motors Co		(92,508	)	$	(1,922	)
Gentex Corp		(22,061	)		(489	)
Gentherm Inc *		(2,900	)		(91	)
Genuine Parts Co		(1,535	)		(103	)
G-III Apparel Group *		(2,073	)		(16	)
Goodyear Tire & Rubber Co/The		(17,571	)		(102	)
GoPro Inc, Cl A *		(8,139	)		(21	)
Graham Holdings Co, Cl B		(88	)		(30	)
Grand Canyon Education Inc *		(1,155	)		(88	)
Grubhub Inc *		(932	)		(38	)
H&R Block Inc		(5,300	)		(75	)
Hanesbrands Inc		(14,234	)		(112	)
Harley-Davidson Inc, Cl A		(12,318	)		(233	)
Hasbro Inc		(5,796	)		(415	)
Helen of Troy Ltd *		(1,200	)		(173	)
Hilton Grand Vacations Inc *		(3,600	)		(57	)
Hilton Worldwide Holdings Inc		(8,165	)		(557	)
Home Depot Inc/The		(11,959	)		(2,233	)
Installed Building Products Inc *		(1,378	)		(55	)
International Game Technology PLC		(4,300	)		(26	)
iRobot *		(1,447	)		(59	)
Jack in the Box Inc		(613	)		(21	)
K12 Inc *		(1,600	)		(30	)
KB Home		(4,577	)		(83	)
Kohl’s Corp		(1,739	)		(25	)
Kontoor Brands Inc		(1,996	)		(38	)
L Brands Inc		(2,881	)		(33	)
Las Vegas Sands Corp		(9,682	)		(411	)
Laureate Education Inc, Cl A *		(3,600	)		(38	)
La-Z-Boy Inc, Cl Z		(1,827	)		(38	)
LCI Industries		(2,212	)		(148	)
Lear Corp		(4,758	)		(387	)
Leggett & Platt Inc		(6,008	)		(160	)
Lennar Corp, Cl A		(13,520	)		(516	)
Lennar Corp, Cl B		(600	)		(17	)
LGI Homes Inc *		(772	)		(35	)
Lithia Motors Inc, Cl A		(400	)		(33	)
LKQ Corp *		(4,705	)		(96	)
Lowe’s Cos Inc		(7,935	)		(683	)
Lululemon Athletica Inc *		(5,625	)		(1,066	)
M/I Homes Inc *		(800	)		(13	)
Macy’s Inc		(3,778	)		(18	)
Malibu Boats Inc, Cl A *		(1,000	)		(29	)
Marriott International Inc/MD, Cl A		(7,241	)		(542	)
Marriott Vacations Worldwide		(1,170	)		(65	)
Mattel Inc *		(12,569	)		(111	)
McDonald’s Corp		(22,165	)		(3,665	)
MDC Holdings Inc		(1,894	)		(44	)
Meritage Homes Corp *		(1,403	)		(51	)
MGM Resorts International		(14,728	)		(174	)
Modine Manufacturing Co *		(6,100	)		(20	)
Mohawk Industries Inc *		(2,466	)		(188	)


230		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020



Description	Shares			Market Value ($ Thousands)

COMMON STOCK SOLD SHORT (continued)
Monro Inc		(600	)	$	(26	)
Motorcar Parts of America Inc *		(2,700	)		(34	)
Movado Group Inc		(1,300	)		(15	)
National Vision Holdings *		(1,300	)		(25	)
Newell Brands Inc, Cl B		(15,908	)		(211	)
NIKE Inc, Cl B		(55,426	)		(4,586	)
Nordstrom Inc		(1,200	)		(18	)
Norwegian Cruise Line Holdings Ltd *		(6,038	)		(66	)
NVR Inc *		(151	)		(388	)
Ollie’s Bargain Outlet Holdings Inc *		(700	)		(32	)
O’Reilly Automotive Inc *		(799	)		(241	)
Oxford Industries Inc, Cl A		(976	)		(35	)
Papa John’s International Inc, Cl A		(1,000	)		(53	)
Penn National Gaming Inc *		(2,994	)		(38	)
Perdoceo Education Corp *		(3,000	)		(32	)
Planet Fitness Inc, Cl A *		(2,437	)		(119	)
Polaris Inc		(2,513	)		(121	)
Pool Corp		(250	)		(49	)
PulteGroup Inc		(11,530	)		(257	)
PVH Corp		(3,001	)		(113	)
Qurate Retail Inc *		(6,700	)		(41	)
Ralph Lauren Corp, Cl A		(1,863	)		(125	)
Red Rock Resorts Inc, Cl A		(1,813	)		(16	)
RH *		(200	)		(20	)
Ross Stores Inc		(3,897	)		(339	)
Royal Caribbean Cruises Ltd		(4,472	)		(144	)
Rubicon Project Inc/The *		(4,000	)		(22	)
Scientific Games Corp, Cl A *		(1,378	)		(13	)
SeaWorld Entertainment Inc *		(1,700	)		(19	)
Service Corp International/US		(5,517	)		(216	)
ServiceMaster Global Holdings Inc *		(3,955	)		(107	)
Shake Shack Inc, Cl A *		(800	)		(30	)
Six Flags Entertainment Corp		(2,252	)		(28	)
Skechers U.S.A. Inc, Cl A *		(5,508	)		(131	)
Skyline Champion Corp *		(2,000	)		(31	)
Sonos Inc *		(3,900	)		(33	)
Stamps.com Inc *		(300	)		(39	)
Standard Motor Products Inc		(2,495	)		(104	)
Starbucks Corp		(32,688	)		(2,149	)
Steven Madden Ltd		(3,865	)		(90	)
Stitch Fix Inc, Cl A *		(1,900	)		(24	)
Stoneridge Inc *		(1,578	)		(26	)
Strategic Education Inc		(560	)		(78	)
Sturm Ruger & Co Inc		(800	)		(41	)
Tapestry Inc		(11,394	)		(148	)
Target Corp, Cl A		(5,273	)		(490	)
Taylor Morrison Home Corp, Cl A *		(6,633	)		(73	)
Tempur Sealy International Inc *		(2,311	)		(101	)
Tenneco Inc, Cl A		(4,455	)		(16	)
Tesla Inc *		(8,496	)		(4,452	)
Texas Roadhouse Inc, Cl A		(1,628	)		(67	)
Thor Industries Inc		(4,525	)		(191	)



Description	Shares			Market Value ($ Thousands)

COMMON STOCK SOLD SHORT (continued)
Tiffany & Co		(1,191	)	$	(154	)
TJX Cos Inc/The		(13,042	)		(624	)
Toll Brothers Inc		(6,149	)		(118	)
TopBuild Corp *		(1,470	)		(105	)
Tractor Supply Co		(1,429	)		(121	)
TRI Pointe Group Inc *		(7,259	)		(64	)
Ulta Beauty Inc *		(629	)		(111	)
Under Armour Inc, Cl A *		(8,946	)		(82	)
Under Armour Inc, Cl C *		(9,106	)		(73	)
Vail Resorts Inc		(1,147	)		(169	)
VF Corp		(14,274	)		(772	)
Vista Outdoor Inc *		(3,600	)		(32	)
Visteon Corp *		(2,522	)		(121	)
Wayfair Inc, Cl A *		(576	)		(31	)
Wendy’s Co/The		(4,328	)		(64	)
Whirlpool Corp		(2,702	)		(232	)
Williams-Sonoma Inc		(829	)		(35	)
Wingstop Inc, Cl A		(1,100	)		(88	)
Winnebago Industries		(3,203	)		(89	)
Wolverine World Wide Inc		(3,374	)		(51	)
WW International Inc *		(1,300	)		(22	)
Wyndham Destinations Inc		(3,276	)		(71	)
Wyndham Hotels & Resorts Inc		(3,296	)		(104	)
Wynn Resorts Ltd		(2,887	)		(174	)
YETI Holdings Inc *		(2,200	)		(43	)
Yum China Holdings Inc		(9,682	)		(413	)
Yum! Brands Inc		(8,987	)		(616	)

					(52,049	)
Information Technology — (2.1)%
Advanced Micro Devices Inc *		(6,122	)		(278	)
Amphenol Corp, Cl A		(2,395	)		(174	)
Analog Devices Inc		(2,410	)		(216	)
Anixter International Inc *		(600	)		(53	)
Apple Inc		(20,727	)		(5,271	)
Applied Materials Inc		(5,764	)		(264	)
Arista Networks Inc *		(544	)		(110	)
Arrow Electronics Inc, Cl A *		(1,402	)		(73	)
Avid Technology Inc *		(6,100	)		(41	)
Avnet Inc		(1,127	)		(28	)
Broadcom Inc		(2,435	)		(577	)
Cabot Microelectronics Corp		(300	)		(34	)
CDW Corp/DE		(1,705	)		(159	)
Ciena Corp *		(900	)		(36	)
Cirrus Logic Inc *		(700	)		(46	)
Cisco Systems Inc		(29,248	)		(1,150	)
Cognex Corp		(1,768	)		(75	)
Coherent Inc *		(100	)		(11	)
CommScope Holding Co Inc *		(2,081	)		(19	)
Corning Inc, Cl B		(5,902	)		(121	)
Cypress Semiconductor Corp		(2,300	)		(54	)
Dell Technologies Inc, Cl C *		(1,846	)		(73	)


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		231

CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

Multi-Asset Inflation Managed Fund (Continued)



Description	Shares			Market Value ($ Thousands)

COMMON STOCK SOLD SHORT (continued)
Enphase Energy Inc *		(1,000	)	$	(32	)
Entegris Inc		(500	)		(22	)
ePlus Inc *		(700	)		(44	)
F5 Networks Inc, Cl A *		(597	)		(64	)
First Solar Inc *		(889	)		(32	)
FLIR Systems Inc		(881	)		(28	)
Hewlett Packard Enterprise Co		(12,135	)		(118	)
HP Inc		(13,487	)		(234	)
II-VI Inc *		—			—
Infinera Corp *		(6,700	)		(35	)
Inphi Corp *		(600	)		(47	)
Intel Corp		(28,658	)		(1,551	)
Jabil Inc		(1,422	)		(35	)
Juniper Networks Inc		(4,191	)		(80	)
Keysight Technologies Inc *		(1,553	)		(130	)
KLA Corp		(1,202	)		(173	)
Lam Research Corp		(966	)		(232	)
Littelfuse Inc		(200	)		(27	)
Lumentum Holdings Inc *		(600	)		(44	)
Marvell Technology Group Ltd		(3,799	)		(86	)
Maxim Integrated Products Inc		(2,156	)		(105	)
Microchip Technology Inc		(1,843	)		(125	)
Micron Technology Inc *		(7,263	)		(305	)
MKS Instruments Inc		(476	)		(39	)
Monolithic Power Systems Inc		(422	)		(71	)
Motorola Solutions Inc		(1,331	)		(177	)
National Instruments Corp		(900	)		(30	)
NCR Corp *		(877	)		(15	)
NetApp Inc		(2,561	)		(107	)
NETGEAR Inc *		(1,014	)		(23	)
Novanta Inc *		(600	)		(48	)
NVIDIA Corp		(3,545	)		(934	)
ON Semiconductor Corp *		(2,223	)		(28	)
PAR Technology *		(2,000	)		(26	)
Pure Storage Inc, Cl A *		(1,800	)		(22	)
Qorvo Inc *		(806	)		(65	)
QUALCOMM Inc		(7,150	)		(484	)
ScanSource Inc *		(1,700	)		(36	)
Silicon Laboratories Inc *		(400	)		(34	)
Skyworks Solutions Inc		(1,152	)		(103	)
Stratasys *		(2,900	)		(46	)
SYNNEX Corp		(1,000	)		(73	)
Tech Data Corp *		(589	)		(77	)
Teradyne Inc		(1,634	)		(88	)
Texas Instruments Inc		(6,370	)		(637	)
Trimble Inc *		(1,874	)		(60	)
Universal Display Corp		(422	)		(56	)
ViaSat Inc *		(797	)		(29	)
Western Digital Corp		(2,886	)		(120	)
Xerox Holdings Corp		(2,849	)		(54	)
Xilinx Inc		(1,496	)		(117	)



Description	Shares			Market Value ($ Thousands)

COMMON STOCK SOLD SHORT (continued)
Zebra Technologies Corp, Cl A *		(550	)	$	(101	)

					(16,112	)

Materials — (1.3)%
Air Products & Chemicals Inc		(4,319	)		(862	)
Albemarle Corp		(1,562	)		(88	)
Alcoa Corp *		(3,300	)		(20	)
Allegheny Technologies Inc *		(1,150	)		(10	)
AptarGroup Inc		(1,090	)		(108	)
Ashland Global Holdings Inc		(1,051	)		(53	)
Avery Dennison Corp		(1,528	)		(156	)
Axalta Coating Systems Ltd *		(2,527	)		(44	)
Balchem Corp		(700	)		(69	)
Ball Corp		(6,206	)		(401	)
Berry Global Group Inc *		(1,702	)		(57	)
Celanese Corp, Cl A		(1,972	)		(145	)
CF Industries Holdings Inc		(3,003	)		(82	)
Chemours Co/The		(3,000	)		(27	)
Cleveland-Cliffs Inc		(7,800	)		(31	)
Commercial Metals Co, Cl A		(3,100	)		(49	)
Corteva Inc		(11,650	)		(274	)
Crown Holdings Inc *		(1,763	)		(102	)
Domtar Corp		(1,200	)		(26	)
Dow Inc		(11,050	)		(323	)
DuPont de Nemours Inc		(11,150	)		(380	)
Eagle Materials Inc		(842	)		(49	)
Eastman Chemical Co		(1,791	)		(83	)
Ecolab Inc		(4,051	)		(631	)
Element Solutions Inc *		(4,300	)		(36	)
FMC Corp		(1,833	)		(150	)
Freeport-McMoRan Inc, Cl B		(19,249	)		(130	)
Graphic Packaging Holding Co		(4,952	)		(60	)
Huntsman Corp		(3,519	)		(51	)
Ingevity Corp *		(376	)		(13	)
International Flavors & Fragrances Inc		(1,451	)		(148	)
International Paper Co		(5,676	)		(177	)
Linde PLC		(9,517	)		(1,646	)
Louisiana-Pacific Corp		(1,126	)		(19	)
LyondellBasell Industries NV, Cl A		(3,775	)		(187	)
Martin Marietta Materials Inc, Cl A		(854	)		(162	)
Mosaic Co/The		(4,639	)		(50	)
NewMarket Corp		(100	)		(38	)
Newmont Corp		(12,320	)		(558	)
Nucor Corp		(4,765	)		(172	)
O-I Glass Inc, Cl I		(4,200	)		(30	)
Olin Corp		(2,032	)		(24	)
Packaging Corp of America		(1,302	)		(113	)
PolyOne Corp		(1,400	)		(27	)
PPG Industries Inc		(3,684	)		(308	)
Quaker Chemical Corp		(200	)		(25	)
Reliance Steel & Aluminum Co		(1,198	)		(105	)
Royal Gold Inc, Cl A		(960	)		(84	)


232		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020



Description	Shares			Market Value ($ Thousands)

COMMON STOCK SOLD SHORT (continued)
RPM International Inc		(2,228	)	$	(133	)
Scotts Miracle-Gro Co/The, Cl A		(1,000	)		(102	)
Sealed Air Corp		(2,152	)		(53	)
Sensient Technologies Corp		(900	)		(39	)
Sherwin-Williams Co/The, Cl A		(1,486	)		(683	)
Sonoco Products Co		(2,000	)		(93	)
Southern Copper Corp		(1,921	)		(54	)
Steel Dynamics Inc		(3,854	)		(87	)
Summit Materials Inc, Cl A *		(2,300	)		(34	)
Valvoline Inc		(4,394	)		(57	)
Vulcan Materials Co		(2,228	)		(241	)
Westrock Co		(3,454	)		(98	)
WR Grace & Co		(579	)		(21	)

					(10,078	)
Real Estate — 0.0%
Hyatt Hotels Corp, Cl A		(1,294	)		(62	)

Total Common Stock Sold Short (Proceeds $93,864) ($ Thousands)					(82,597	)

Total Investments Sold Short — (10.8)% (Proceeds $93,864) ($ Thousands)				$	(82,597	)


	Contracts

*PURCHASED OPTIONS^ — 0.0%**

Total Purchased Options(H) (Cost $275) ($ Thousands)		165		$	242


*PURCHASED SWAPTIONS — 0.1%**

Total Purchased Swaptions(I) (Cost $693) ($ Thousands)		17,400,000		$	445


*WRITTEN OPTIONS^ — 0.0%**

Total Written Options(H) (Premiums Received $129) ($ Thousands)		(180	)	$	(208	)


*WRITTEN SWAPTIONS — (0.1)%**

Total Written Swaptions(I) (Premiums Received $543) ($ Thousands)		(15,692,000	)	$	(350	)


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		233

CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

Multi-Asset Inflation Managed Fund (Continued)

A list of open exchange traded options contracts for the Fund at March 31, 2020, is as follows:



Description	Number of Contracts		Notional Amount (Thousands)			Exercise Price		Expiration Date		Value (Thousands)

PURCHASED OPTIONS — 0.0%

Put Options
December 2020, Crude Oil*		27	$	907			$25.00		10/17/2020	$	47

Call Options
May 2020, Copper*		25		14			270.00		4/18/2020		2
June 2020, Gold *		10		1,597			1,475.00		5/16/2020		138
April 2020, Lean Hogs*		25		650			68.00		4/18/2020		1
April 2020, Lean *		28		728			70.00		4/18/2020		–
July 2020, Soy Bean *		50		2,223			900.00		6/20/2020		54

				5,212							195
Total Purchased Options			$	6,119						$	242

WRITTEN OPTIONS — 0.0%
Put Options
April 2020, Live Cattle*		(40)	$	(1,710	)		110.00		04/18/20	$	(133	)
July 2020, Soy Bean *		(50)		(2,223	)		840.00		06/20/20		(20	)

				(3,933	)						(153	)

Call Options
December 2020, Crude Oil*		(27)		(907	)		50.00		10/17/20		(45	)
May 2020, Silver*		(13)		(920	)		20.00		04/18/20		(1	)
July 2020, Soy Bean *		(50)		(2,223	)		1,000.00		06/20/20		(9	)

				(4,050	)						(55	)

Total Written Options			$	(7,983	)					$	(208	)

A list of open OTC swaptions contracts for the Fund at March 31, 2020, is as follows:



Description	Counterparty		Number of Contracts/ Notional Amount			Exercise Price		Expiration Date		Value (Thousands)

PURCHASED SWAPTIONS — 0.1%

Call Swaptions — 0.0%
Swaption 1 Year*		Bank of America		10,000,000			$0.48		06/20/2020	$	210
Total Purchased Swaptions										$	210

Put Swaptions — 0.1%
Swaption 1 Year*		JPMorgan Chase		7,400,000			$0.01		09/19/2020	$	235
Total Purchased Swaptions										$	445

WRITTEN SWAPTIONS — (0.1)%
Call Swaptions — (0.1)%
Swaption 1 Year*		Citibank		(8,292,000	)		$0.16		06/20/20	$	(227	)
Swaption 1 Year*		JPMorgan Chase		(7,400,000	)		$0.00		09/19/20		(123	)

Total Written Swaptions										$	(350	)


234		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

A list of the open futures contracts held by the Fund at March 31, 2020, is as follows:



Type of Contract	Number of Contracts Long (Short)		Expiration Date		Notional Amount (Thousands)			Value (Thousands)			Unrealized Appreciation (Depreciation) (Thousands)
Brent Crude^		170		Jun-2020	$	6,273		$	5,042		$	(1,231	)
Brent Crude^		22		Aug-2020		933			751			(182	)
Coffee C^		39		Jul-2020		1,808			1,760			(48	)
Coffee C^		68		May-2020		2,664			3,049			385
Copper^		173		May-2020		10,982			9,636			(1,346	)
Corn^		247		May-2020		4,570			4,208			(362	)
Corn^		(54)		May-2020		(936	)		(920	)		16
Corn^		(11)		Jul-2020		(193	)		(190	)		3
Cotton No. 2^		43		May-2020		1,419			1,099			(320	)
Cotton No. 2^		26		Jul-2020		718			662			(56	)
Feeder Cattle^		(37)		May-2020		(2,375	)		(2,273	)		102
Gasoline^		43		May-2020		1,111			1,070			(41	)
Gasoline^		5		May-2020		124			124			–
Gasoline^		(6)		Sep-2020		(210	)		(201	)		9
Gold^		69		Jun-2020		11,392			11,017			(375	)
Gold^		8		Jan-2021		1,314			1,278			(36	)
Gold^		14		Aug-2020		2,286			2,235			(51	)
Gold^		20		Jun-2020		3,110			3,193			83
Heating Oil^		21		May-2020		945			883			(62	)
Japanese 10-Year Government Bond E-MINI		(30)		Jun-2020		(4,473	)		(4,242	)		58
KC HRW Wheat^		53		May-2020		1,256			1,306			50
KC HRW Wheat^		45		May-2020		1,120			1,109			(11	)
Lean Hogs^		(41)		Jun-2020		(1,168	)		(989	)		179
Lean Hogs^		68		Jun-2020		2,019			1,641			(378	)
Live Cattle^		91		Jul-2020		3,467			3,351			(116	)
Live Cattle^		18		Sep-2020		704			674			(30	)
Live Cattle^		(7)		May-2020		(276	)		(285	)		(9	)
LME Lead^		26		May-2020		1,199			1,133			(66	)
LME Nickel^		(1)		Jun-2020		(75	)		(69	)		6
LME Nickel^		65		May-2020		2,699			2,461			(238	)
LME Nickel^		27		May-2020		2,132			1,857			(275	)
LME Primary Aluminum^		46		Jun-2020		1,988			1,751			(237	)
LME Zinc^		43		May-2020		2,089			2,045			(44	)
LME Zinc^		16		Jun-2020		749			762			13
Low Sulphur Gasoil^		16		May-2020		492			471			(21	)
Low Sulphur Gasoil^		(28)		May-2020		(982	)		(825	)		157
MSCI EAFE Index		(129)		Jun-2020		(9,179	)		(10,057	)		(878	)
Natural Gas^		(49)		Oct-2020		(1,123	)		(1,124	)		(1	)
Natural Gas^		42		Aug-2020		902			843			(59	)
Natural Gas^		49		Feb-2021		1,277			1,276			(1	)
Natural Gas^		49		Jan-2021		1,341			1,342			1
Natural Gas^		308		May-2020		5,864			5,051			(813	)
Natural Gas^		(49)		Mar-2021		(1,157	)		(1,156	)		1
NY Harbor ULSD^		12		Sep-2020		569			558			(11	)
NY Harbor ULSD^		33		May-2020		2,238			1,388			(850	)
NYMEX Cocoa^		48		May-2020		1,098			1,080			(18	)
Palladium^		1		Jun-2020		231			230			(1	)
Palladium^		(2)		Oct-2020		(511	)		(458	)		53
Platinum^		(15)		Aug-2020		(551	)		(547	)		4
S&P 500 Index E-MINI		(159)		Jun-2020		(19,109	)		(20,429	)		(1,320	)
Silver^		66		May-2020		5,875			4,671			(1,204	)
Silver^		26		Aug-2020		1,907			1,845			(62	)
Soybean^		18		Nov-2020		787			790			3
Soybean^		(21)		Jun-2020		(930	)		(934	)		(4	)


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		235

CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

Multi-Asset Inflation Managed Fund (Continued)



Type of Contract	Number of Contracts Long (Short)			Expiration Date		Notional Amount (Thousands)			Value (Thousands)			Unrealized Appreciation (Depreciation) (Thousands)
Soybean^		78			May-2020	$	3,510		$	3,455		$	(55	)
Soybean Meal^		214			May-2020		6,473			6,880			407
Soybean Oil^		211			May-2020		3,750			3,419			(331	)
Sugar No. 11^		400			May-2020		5,976			4,668			(1,308	)
U.S. 2-Year Treasury Note		108			Jul-2020		23,534			23,801			267
U.S. 5-Year Treasury Note		(693	)		Jul-2020		(84,738	)		(86,874	)		(2,136	)
U.S. 10-Year Treasury Note		(338	)		Jun-2020		(44,782	)		(46,876	)		(2,094	)
U.S. Ultra Long Treasury Bond		(83	)		Jun-2020		(17,151	)		(18,416	)		(1,265	)
Ultra 10-Year U.S. Treasury Note		19			Jun-2020		2,839			2,965			126
Wheat^		72			Jul-2020		1,875			2,025			150
Wheat^		125			May-2020		3,407			3,554			147
WTI Crude Oil^		39			Apr-2020		856			799			(57	)
WTI Crude Oil^		(47	)		Nov-2020		(1,546	)		(1,578	)		(32	)
WTI Crude Oil^		47			Nov-2021		1,735			1,780			45
WTI Crude Oil^		42			Oct-2020		1,554			1,382			(172	)
WTI Crude Oil^		(42	)		Aug-2020		(1,267	)		(1,307	)		(40	)

						$	(45,571	)	$	(61,380	)	$	(15,982	)

A list of the open forward foreign currency contracts held by the Fund at March 31, 2020, is as follows:

Counterparty

Settlement Date

Currency to Deliver

(Thousands)

Currency to Receive

(Thousands)

Unrealized

Appreciation

(Depreciation)

(Thousands)

Bank of America

05/22/20

CAD

1,920

USD

1,337

(13

)

Barclays PLC

04/08/20

USD

5,360

EUR

4,862

(24

)

Brown Brothers Harriman

04/08/20

USD

237

ZAR

3,477

(43

)

Brown Brothers Harriman

04/08/20

ZAR

10,999

USD

752

137

Brown Brothers Harriman

04/09/20

JPY

30,243

USD

288

Brown Brothers Harriman

04/17/21

USD

–

ZAR

–

Citigroup

04/09/20

USD

422

JPY

46,577

Goldman Sachs

04/08/20

BRL

38,500

USD

9,160

1,741

Goldman Sachs

08/13/20

MYR

4,867

USD

1,185

HSBC

04/08/20

USD

699

ZAR

10,129

(132

)

JPMorgan Chase Bank

04/09/20

JPY

1,340,784

USD

12,333

(94

)

Standard Bank

04/09/20

USD

4,789

JPY

505,941

(100

)

UBS

04/08/20

EUR

5,610

USD

6,275

118

UBS

04/12/21

USD

–

HKD

–

UBS

05/03/21

BRL

–

USD

–

1,660

A list of the open OTC swap agreements held by the Fund at March 31, 2020 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)
Deutsche Bank	CMBX.BBB.6	Sell	3.00%	Monthly	05/11/2049	$(634)	$	(140	)	$	(50	)	$	(90	)
Goldman Sachs	CMBX.BBB.6	Sell	3.00%	Monthly	12/31/2049	(261)		(58	)		(17	)		(41	)
Goldman Sachs	CMBX.BBB.6	Sell	3.00%	Monthly	12/31/2049	(835)		(184	)		(61	)		(123	)
Citigroup	CMBX.BBB.6	Buy	3.00%	Monthly	09/17/2058	245		62			17			45
Citigroup	CMBX.BBB.6	Buy	3.00%	Monthly	09/17/2058	257		65			17			48
Citigroup	CMBX.BBB.6	Buy	3.00%	Monthly	09/17/2058	258		66			17			49
Goldman Sachs	CMBX.BBB.6	Sell	3.00%	Monthly	05/11/2063	(16)		(4	)		(1	)		(3	)


236		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020


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)
Citigroup	CMBX.BBB.6	Sell	3.00%	Monthly	05/11/2063	$(250)	$	(55	)	$	(33	)	$	(22	)
Deutsche Bank	CMBX.BBB.6	Sell	3.00%	Monthly	05/11/2063	(33)		(7	)		(4	)		(3	)
Goldman Sachs	CMBX.BBB.6	Sell	3.00%	Monthly	05/11/2063	(32)		(7	)		(3	)		(4	)
Goldman Sachs	CMBX.BBB.6	Sell	3.00%	Monthly	05/11/2063	(32)		(7	)		(3	)		(4	)
Goldman Sachs	CMBX.BBB.6	Sell	3.00%	Monthly	05/11/2063	(65)		(14	)		(7	)		(7	)
Credit Suisse	CMBX.BBB.6	Sell	3.00%	Monthly	05/11/2063	(3)		(1	)		—			(1	)
Credit Suisse	CMBX.BBB.6	Sell	3.00%	Monthly	05/11/2063	(106)		(23	)		(13	)		(10	)
Citigroup	CMBX.BBB.6	Sell	3.00%	Monthly	05/11/2063	(89)		(20	)		(11	)		(9	)
Citigroup	CMBX.BBB.6	Sell	3.00%	Monthly	05/11/2063	(20)		(4	)		(3	)		(1	)
Citigroup	CMBX.BBB.6	Sell	3.00%	Monthly	05/11/2063	(52)		(11	)		(7	)		(4	)
Citigroup	CMBX.BBB.6	Sell	3.00%	Monthly	05/11/2063	(254)		(56	)		(32	)		(24	)
Citigroup	CMBX.BBB.6	Sell	3.00%	Monthly	05/11/2063	(220)		(49	)		(28	)		(21	)
Citigroup	CMBX.BBB.6	Sell	3.00%	Monthly	05/11/2063	(356)		(79	)		(45	)		(34	)
Deutsche Bank	CMBX.BBB.6	Sell	3.00%	Monthly	05/11/2063	(201)		(44	)		(25	)		(19	)
Goldman Sachs	CMBX.BBB.6	Sell	3.00%	Monthly	05/11/2063	(194)		(43	)		(17	)		(26	)
Citigroup	CMBX.NA.BB.6	Sell	5.00%	Monthly	05/11/2063	(23)		(9	)		(4	)		(5	)
Citigroup	CMBX.NA.BB.6	Sell	5.00%	Monthly	05/11/2063	(15)		(6	)		(2	)		(4	)
Citigroup	CMBX.NA.BB.6	Sell	5.00%	Monthly	05/11/2063	(126)		(49	)		(19	)		(30	)
Citigroup	CMBX.NA.BB.6	Sell	5.00%	Monthly	05/11/2063	(1,170)		(456	)		(187	)		(269	)
Citigroup	CMBX.NA.BB.6	Sell	5.00%	Monthly	05/11/2063	(825)		(321	)		(117	)		(204	)
Citigroup	CMBX.NA.BB.6	Sell	5.00%	Monthly	05/11/2063	(254)		(99	)		(39	)		(60	)
Citigroup	CMBX.NA.BB.6	Sell	5.00%	Monthly	05/11/2063	(132)		(51	)		(21	)		(30	)
JPMorgan Chase	CMBX.NA.BBB.6	Sell	3.00%	Monthly	05/11/2063	(46)		(10	)		(4	)		(6	)
JPMorgan Chase	CMBX.NA.BBB.6	Sell	3.00%	Monthly	05/11/2063	(201)		(44	)		(19	)		(25	)
JPMorgan Chase	CMBX.NA.BBB.6	Sell	3.00%	Monthly	05/11/2063	(49)		(11	)		(5	)		(6	)
Credit Suisse	CMBX.NA.BBB-.6	Sell	3.00%	Monthly	12/31/2049	(812)		(179	)		(50	)		(129	)
Credit Suisse	CMBX.NA.BBB-.6	Sell	3.00%	Monthly	12/31/2049	(227)		(50	)		(15	)		(35	)
Deutsche Bank	CMBX.NA.BBB-.6	Sell	3.00%	Monthly	12/31/2049	(1,093)		(241	)		(73	)		(168	)
Deutsche Bank	CMBX.NA.BBB-.6	Sell	3.00%	Monthly	12/31/2049	(42)		(9	)		(2	)		(7	)
Goldman Sachs	CMBX.NA.BBB-.6	Sell	3.00%	Monthly	12/31/2049	(1,324)		(292	)		2			(294	)
Citigroup	CMBX.NA.BBB-.6	Sell	3.00%	Monthly	05/11/2063	(783)		(173	)		(84	)		(89	)
Citigroup	CMBX.NA.BBB-.6	Sell	3.00%	Monthly	05/11/2063	(240)		(53	)		(32	)		(21	)
Citigroup	CMBX.NA.BBB-.6	Sell	3.00%	Monthly	05/11/2063	(36)		(8	)		(6	)		(2	)
Citigroup	CMBX.NA.BBB-.6	Sell	3.00%	Monthly	05/11/2063	(141)		(31	)		(17	)		(14	)
Citigroup	CMBX.NA.BBB-.6	Sell	3.00%	Monthly	05/11/2063	(523)		(115	)		(59	)		(56	)
Citigroup	CMBX.NA.BBB-.6	Sell	3.00%	Monthly	05/11/2063	(164)		(36	)		(17	)		(19	)
Citigroup	CMBX.NA.BBB-.6	Sell	3.00%	Monthly	05/11/2063	(471)		(104	)		(56	)		(48	)
Citigroup	CMBX.NA.BBB-.6	Sell	3.00%	Monthly	05/11/2063	(731)		(161	)		(80	)		(81	)
Citigroup	CMBX.NA.BBB-.6	Sell	3.00%	Monthly	05/11/2063	(1,045)		(231	)		(116	)		(115	)
Citigroup	CMBX.NA.BBB-.6	Sell	3.00%	Monthly	05/11/2063	(731)		(161	)		(81	)		(80	)
Citigroup	CMBX.NA.BBB-.6	Sell	3.00%	Quarterly	05/11/2063	(290)		(64	)		(31	)		(33	)
Deutsche Bank	CMBX.NA.BBB-.6	Sell	3.00%	Monthly	05/11/2063	(113)		(25	)		(13	)		(12	)
CGG	CMBX.NA.BBB-.6	Sell	3.00%	Monthly	05/11/2063	(254)		(56	)		(33	)		(23	)
Deutsche Bank	CMBX.NA.BBB-.6	Sell	3.00%	Monthly	05/11/2063	(112)		(25	)		(13	)		(12	)
Deutsche Bank	CMBX.NA.BBB-.6	Sell	3.00%	Monthly	05/11/2063	(330)		(73	)		(35	)		(38	)
Goldman Sachs	CMBX.NA.BBB-.6	Sell	3.00%	Monthly	05/11/2063	(222)		(49	)		(24	)		(25	)
Goldman Sachs	CMBX.NA.BBB-.6	Sell	3.00%	Monthly	05/11/2063	(329)		(73	)		(44	)		(29	)
Goldman Sachs	CMBX.NA.BBB-.6	Sell	3.00%	Monthly	05/11/2063	(727)		(160	)		(83	)		(77	)
JPMorgan Chase	CMBX.NA.BBB-.6	Sell	3.00%	Monthly	05/11/2063	(503)		(111	)		(61	)		(50	)
JPMorgan Chase	CMBX.NA.BBB-.6	Sell	3.00%	Monthly	05/11/2063	(175)		(39	)		(22	)		(17	)
Citigroup	CMBX.NA.BBB-.6	Sell	3.00%	Monthly	05/11/2063	(1,106)		(244	)		(118	)		(126	)
Citigroup	CMBX.NA.BBB-.6	Sell	3.00%	Monthly	05/11/2063	(365)		(81	)		(42	)		(39	)
Citigroup	CMBX.NA.BBB-.9	Buy	3.00%	Monthly	09/17/2058	523		133			41			92
Citigroup	CMBX.NA.BBB-.9	Buy	3.00%	Monthly	09/17/2058	1,287		327			90			237
Citigroup	CMBX.NA.BBB-.9	Buy	3.00%	Monthly	09/17/2058	1,045		266			78			188
Citigroup	CMBX.NA.BBB-.9	Buy	3.00%	Monthly	09/17/2058	1,045		266			75			191


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		237

CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

Multi-Asset Inflation Managed Fund (Continued)


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)
Credit Suisse		CMBX-A-.6		Sell		2.00%	Monthly		05/11/2063		$(1,305)	$	(137	)	$	(29	)	$	(108	)
Goldman Sachs		CMBX-BBB		Sell		3.00%	Monthly		05/11/2063		(188)		(41	)		(29	)		(12	)
Goldman Sachs		CMBX-BBB		Sell		3.00%	Monthly		05/11/2063		(198)		(44	)		(32	)		(12	)
Goldman Sachs		CMBX-BBB		Sell		3.00%	Monthly		05/11/2063		(276)		(61	)		(45	)		(16	)
Citigroup		CMBX-BBB		Sell		3.00%	Monthly		05/11/2063		(172)		(38	)		(26	)		(12	)

												$	(3,842	)	$	(1,808	)	$	(2,034	)



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)
Macquarie Bank Limited	Bloomberg Commodity Index Total Return	US T-BILL HIGH DISCOUNT RATE + BPS	INDEX RETURN	Monthly	04/24/2020	USD		(822	)	$	(14	)	$	–	$	(14	)
Macquarie Bank Limited	Bloomberg Commodity Index Total Return	US T-BILL HIGH DISCOUNT RATE + BPS	INDEX RETURN	Monthly	04/24/2020	USD		(10,309	)		(311	)		–		(311	)
Macquarie Bank Limited	Macquarie Commodity Product 251E	0.33%	INDEX RETURN	Monthly	04/04/2020	USD		(2,126	)		(4	)		–		(4	)
Merrill Lynch	Bloomberg Commodity Index Total Return	US T-BILL HIGH DISCOUNT RATE + BPS	INDEX RETURN	Monthly	04/24/2020	USD		(9,818	)		(296	)		–		(296	)
Merrill Lynch	Bloomberg Commodity Index Total Return	US T-BILL HIGH DISCOUNT RATE + BPS	INDEX RETURN	Monthly	04/24/2020	USD		(1,342	)		(23	)		–		(23	)
Merrill Lynch	BOFA Merrill Lynch Commodity MLBXCS3E	3-Month U.S. Treasury rate plus 46 BPS	INDEX RETURN	Monthly	04/04/2020	USD		(3,097	)		(52	)		–		(52	)
Societe Generale	Bloomberg Commodity Index Total Return	US T-BILL HIGH DISCOUNT RATE + BPS	INDEX RETURN	Monthly	04/24/2020	USD		(6,010	)		(182	)		–		(182	)
Societe Generale	Bloomberg Commodity Index Total Return	US T-BILL HIGH DISCOUNT RATE + BPS	INDEX RETURN	Monthly	04/24/2020	USD		(1,462	)		(25	)		–		(25	)
Societe Generale	Societe Generale Commodities Custom Alpha 061	0.35%	INDEX RETURN	Monthly	04/04/2020	USD		(2,744	)		18			–		18
										$	(889	)	$	–	$	(889	)

A list of the open centrally cleared swap agreements held by the Fund at March 31, 2020 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 Appreciation (Thousands)
CDX.NA.IG.34		Buy		1.00%		Quarterly		06/20/2025		$78,190	$	549	$	318	$	231

											$	549	$	318	$	231


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)
2.403%	3-MONTH USD - LIBOR	Quarterly	04/02/2021	USD	7,800	$ (196)	$ –	$ (196)
1.093%	3-MONTH USD - LIBOR	Quarterly	03/20/2050	USD	5,760	(298)	–	(298)
2.21	3-MONTH CAD - LIBOR	Semi-Annually	01/14/2050	CAD	10,620	(1,437)	–	(1,437)
2.631%	3-MONTH USD - LIBOR	Quarterly	11/10/2035	USD	1,190	(329)	–	(329)
6 M JPY - LIBOR	.08%	Semi-Annually	12/13/2029	JPY	1,460,320	94	–	94
1.7635%	3M USD-LIBOR	Quarterly	12/13/2029	USD	2,530	(267)	–	(267)
1.593%	3-MONTH USD - LIBOR	Quarterly	09/27/2029	USD	2,230	(183)	–	(183)
2.1495%	3-MONTH USD - LIBOR	Quarterly	06/04/2029	USD	4,220	(577)	–	(577)
2.3545	3-MONTH USD - LIBOR	Quarterly	07/12/2027	USD	1,075	(134)	–	(134)
2.44	3-MONTH USD - LIBOR	Quarterly	04/04/2027	USD	10,400	(1,389)	–	(1,389)


238		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020


Fund Pays	Fund Receives	Payment Frequency	Termination Date	Currency	Notional Amount (Thousands)		Value (Thousands)			Upfront Payments/ Receipts (Thousands)		Net Unrealized Appreciation (Depreciation) (Thousands)
1.67	3-MONTH USD - LIBOR	Quarterly	11/09/2026	USD		1,490	$	(105	)	$	–	$	(105	)
1.66	3-MONTH USD - LIBOR	Quarterly	11/08/2026	USD		1,490		(104	)		–		(104	)
EUR 6M EURIBOR	0.1115%	Annually	04/01/2050	EUR		8,290		(348	)		–		(348	)
1.60%	3-MONTH USD - LIBOR	Quarterly	10/25/2026	USD		6,110		(419	)		–		(419	)
2.49	3-MONTH USD - LIBOR	Quarterly	06/09/2025	USD		1,710		(186	)		–		(186	)
3 MONTH USD - LIBOR	2.31%	Quarterly	05/18/2025	USD		2,820		(274	)		–		(274	)
1.99%	3-MONTH USD - LIBOR	Quarterly	04/21/2025	USD		2,760		(217	)		–		(217	)
CAD 3M CDOR	0.9575%	Semi-Annually	03/25/2025	CAD		25,112		–			–		–
CAD 3M CDOR	0.9375%	Semi-Annually	03/24/2025	CAD		25,288		(18	)		–		(18	)
3M CAD LIBOR BA	1.95%	Semi-Annually	01/14/2025	CAD		50,090		1,657			–		1,657
3-MONTH SEK - STIBOR	-0.0165%	Annually	08/30/2024	SEK		153,850		(232	)		–		(232	)
3-MONTH CAD - CDOR	1.6225%	Semi-Annually	08/27/2021	CAD		35,050		286			–		286
2.2875%	3-MONTH USD - LIBOR	Quarterly	05/24/2021	USD		6,795		(130	)		–		(130	)
2.51%	3-MONTH USD - LIBOR	Quarterly	04/18/2021	USD		1,560		(42	)		–		(42	)
2.403%	3-MONTH USD - LIBOR	Semi-Annually	04/02/2021	USD		–		–			–		–
2.293%	3-MONTH USD - LIBOR	Quarterly	08/04/2025	USD		2,717		(254	)		–		(254	)
0.753%	3-MONTH USD - LIBOR	Quarterly	04/01/2050	USD		10,000		388			–		388

								(4,714	)		–		(4,714	)

A list of the open reverse repurchase agreements held by the Fund at March 31, 2020 is as follows:


Principal Amount ($ Thousands)	Counterparty	Rate		Maturity	Value ($ Thousands)
$(11,847)	Chase Securities		1.99%	Open Ended		$(11,847)
(17,740)	Chase Securities		1.99%	Open Ended		(17,740)
(76,496)	Chase Securities		1.99%	Open Ended		(76,496)
(62,347)	Chase Securities		1.99%	Open Ended		(62,347)
(35,107)	Chase Securities		1.99%	Open Ended		(35,107)
(40,263)	Chase Securities		1.99%	Open Ended		(40,263)
(53,245)	Chase Securities		1.99%	Open Ended		(53,245)
(2,256)	Chase Securities		1.99%	Open Ended		(2,256)

						$(299,301)

Percentages are based on Net Assets of $765,184 ($ Thousands).

^	Security, or a portion thereof, is held by the Inflation Commodity Strategy Subsidiary, Ltd. as of March 31, 2020.

*	Non-income producing security.

‡	Real Estate Investment Trust.

‡‡	Expiration date not available.

(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 reverse repurchase agreements, securities sold short and open centrally cleared interest rate swap agreements.

(C)	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.

(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 March 31, 2020, the value of these securities amounted to $62,179 ($ Thousands), representing 8.1% of the Net Assets of the Fund.

(E)	Securities considered illiquid. The total value of such securities as of March 31, 2020 was $20 ($ Thousands) and represented 0.0% of the Net Assets of the Fund.

(F)	Security is in default on interest payment.

(G)	Perpetual security with no stated maturity date.

(H)	Refer to table below for details on Options Contracts.

(I)	Refer to table below for details on Swaptions Contracts.

BRL — Brazilian Real

CAD — Canadian Dollar

CDOR — Canadian Dollar Offered Rate

Cl — Class

CMBX — Commercial Mortgage-Backed Index

CMO — Collateralized Mortgage Obligation

CPI — Consumer Price Index

DN — Discount Note

EAFE — Europe, Australasia and Far East

EUR — Euro

EURIBOR — Euro London Interbank Offered Rate

FFCB — Federal Farm Credit Bank

FHLB — Federal Home Loan Bank

FHLMC — Federal Home Loan Mortgage Corporation

FNMA — Federal National Mortgage Association

GNMA — Government National Mortgage Association

HKD— Hong Kong Dollar

ICE— Intercontinental Exchange

IO — Interest Only — face amount represents notional amount.

JPY — Japanese Yen

KC HRW — Kansas City Hard Red Winter

LIBOR — London Interbank Offered Rate

LME — London Metal Exchange

MSCI — Morgan Stanley Capital International

MTN — Medium Term Note

MYR — Malaysian Ringgit

NYMEX — New York Mercantile Exchange

NZD — New Zealand Dollar

OTC — Over the counter

PLC — Public Limited Company

S&P — Standard & Poor’s

SEK — Swedish Krona

Ser — Series

STIBOR — Stockholm Interbank Offered Rate

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 March 31, 2020, in valuing the Fund’s investments and other financial instruments carried at value ($ Thousands):


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		239

CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

Multi-Asset Inflation Managed Fund (Concluded)


Investments in Securities	Level 1 ($)			Level 2 ($)		Level 3 ($)		Total ($)
U.S. Treasury Obligations		–			547,734		–		547,734
Common Stock		191,254			–		–		191,254
Corporate Obligations		–			84,074		–		84,074
Mortgage-Backed Securities		–			60,405		–		60,405
U.S. Government Agency Obligations		–			54,340		–		54,340
Sovereign Debt		–			16,848		–		16,848
Asset-Backed Securities		–			16,737		–		16,737
Rights		31			–		–		31

Total Investments in Securities		191,285			780,138		–		971,423


Securities Sold Short
Common Stock		(82,597	)		–		–		(82,597	)

Total Securities Sold Short		(82,597	)		–		–		(82,597	)


Other Financial Instruments	Level 1 ($)			Level 2 ($)			Level 3 ($)		Total ($)
Purchased Options		242			–			–		242
Purchased Swaptions		–			445			–		445
Written Options		(208	)		–			–		(208	)
Written Swaptions		–			(350	)		–		(350	)
Futures Contracts*
Unrealized Appreciation		2,265			–			–		2,265
Unrealized Depreciation		(18,247	)		–			–		(18,247	)
Forwards Contracts*
Unrealized Appreciation		–			2,066			–		2,066
Unrealized Depreciation		–			(406	)		–		(406	)
OTC Swaps
Credit Default Swaps*
Unrealized Appreciation		–			850			–		850
Unrealized Depreciation		–			(2,884	)		–		(2,884	)
Total Return Swaps*
Unrealized Appreciation		–			18			–		18
Unrealized Depreciation		–			(907	)		–		(907	)
Centrally Cleared Swaps
Credit Default Swaps*
Unrealized Appreciation		–			231			–		231
Interest Rate Swaps*
Unrealized Appreciation		–			2,425			–		2,425
Unrealized Depreciation		–			(7,139	)		–		(7,139	)
Reverse Repurchase Agreements		–			(299,301	)		–		(299,301	)

Total Other Financial Instruments		(15,948	)		(304,952	)		–		(320,900	)

* Futures contracts, forward contracts and swap contracts are valued at the unrealized appreciation (depreciation) on the instrument.

For the period ended March 31, 2020, there were no transfers in or out of Level 3.

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.


240		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

Multi-Asset Capital Stability Fund

LOGO

^†Percentages are based on total investments.



Description	Face Amount (Thousands)		Market Value ($ Thousands)

U.S. TREASURY OBLIGATIONS — 30.7%
U.S. Treasury Bills
1.547%, 05/14/2020 (A)	$	147,497	$	147,483
1.534%, 05/07/2020 (A)		36,914		36,912
U.S. Treasury Inflation Protected Securities
3.875%, 04/15/2029		479		645
3.625%, 04/15/2028		512		658
3.375%, 04/15/2032		273		385
2.500%, 01/15/2029		469		575
2.375%, 01/15/2025		1,097		1,217
2.375%, 01/15/2027		489		566
2.125%, 02/15/2040		363		507
2.125%, 02/15/2041		362		504
2.000%, 01/15/2026		657		731
1.750%, 01/15/2028		460		523
1.375%, 02/15/2044		682		874
1.000%, 02/15/2046		527		640
1.000%, 02/15/2048		471		579
1.000%, 02/15/2049		461		559
0.875%, 01/15/2029		6,902		8,462
0.875%, 02/15/2047		496		591
0.750%, 07/15/2028		457		489
0.750%, 07/15/2028		694		742
0.750%, 02/15/2042		581		651
0.750%, 02/15/2045		640		732
0.625%, 07/15/2021		1,923		1,905
0.625%, 04/15/2023		1,831		1,845
0.625%, 01/15/2024		1,321		1,343
0.625%, 01/15/2026		1,201		1,240
0.625%, 02/15/2043		383		420
0.500%, 04/15/2024		951		965
0.500%, 01/15/2028		954		993
0.375%, 07/15/2023		601		604
0.375%, 07/15/2025		1,364		1,391
0.375%, 01/15/2027		1,273		1,303
0.375%, 07/15/2027		1,233		1,268
0.250%, 01/15/2025		1,404		1,417
0.250%, 07/15/2029		1,175		1,220
0.250%, 02/15/2050		301		310
0.125%, 04/15/2021		1,290		1,264
0.125%, 01/15/2022		600		592
0.125%, 04/15/2022		2,693		2,656
0.125%, 07/15/2022		1,699		1,683
0.125%, 01/15/2023		291		288



Description		Face Amount (Thousands)		Market Value ($ Thousands)

U.S. TREASURY OBLIGATIONS (continued)
0.125%, 07/15/2024		$	1,355	$	1,358
0.125%, 10/15/2024			870		880
0.125%, 07/15/2026			993		1,001
0.125%, 01/15/2030			782		805
Total U.S. Treasury Obligations (Cost $229,091) ($ Thousands)					231,776

COMMERCIAL PAPER — 16.8%
Anthem Inc
1.405%, 06/01/2020			12,000		11,968
BARCCP
1.839%, 04/09/2020			8,000		7,998
Boeing Co/The
1.959%, 05/27/2020			12,000		11,926
Electricite De France
1.758%, 04/27/2020			6,500		6,484
ENI Fin USA Inc
2.020%, 04/08/2020			7,250		7,248
Glencore FDG LLC
1.869%, 05/26/2020			12,000		11,966
Hyundai Capital America
1.808%, 04/13/2020			9,750		9,739
Marriott International
1.765%, 04/30/2020			9,750		9,723
1.403%, 04/28/2020			2,250		2,244
Montana-Dakota Utilities Co
1.422%, 04/06/2020			6,500		6,497
NatWest Markets
1.919%, 04/23/2020			2,250		2,246
Nissan Motor Acceptance Corp
1.808%, 05/05/2020			1,500		1,495
1.798%, 05/01/2020			10,600		10,570
Smithfield Foods Inc
1.808%, 04/22/2020			5,000		4,993
VW Credit Inc
1.798%, 05/07/2020			5,271		5,253
Walgreens Boot Alliance
1.909%, 05/12/2020			17,000		16,931

Total Commercial Paper (Cost $127,412) ($ Thousands)					127,281

SOVEREIGN DEBT — 3.7%

Japanese Government CPI Linked Bond
0.100%, 03/10/2026	JPY		1,934,091		17,907


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		241

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

Multi-Asset Capital Stability Fund (Continued)



Description		Face Amount (Thousands)		Market Value ($ Thousands)

SOVEREIGN DEBT (continued)
0.100%, 03/10/2027	JPY		1,107,508	$	10,248

Total Sovereign Debt (Cost $29,701) ($ Thousands)					28,155

	Shares

EXCHANGE TRADED FUNDS — 3.6%
United States — 3.6%
iShares Core S&P 500 ETF			53,136		13,730

Vanguard S&P 500 ETF			58,148		13,771

Total Exchange Traded Funds (Cost $28,285) ($ Thousands)					27,501

	Face Amount (Thousands)

U.S. GOVERNMENT AGENCY OBLIGATIONS — 2.6%
FHLB
1.875%, 07/07/2021		$	6,855		6,983
1.625%, 11/19/2021			12,360		12,601

Total U.S. Government Agency Obligations (Cost $19,225) ($ Thousands)					19,584

	Shares

COMMON STOCK — 0.4%
United States — 0.4%

Communication Services — 0.2%
Alphabet Inc, Cl A *			393		457
Facebook Inc, Cl A *			2,726		455
Netflix Inc *			1,202		451

					1,363
Consumer Discretionary — 0.1%
Amazon.com Inc, Cl A *			229		447

Information Technology — 0.1%
Apple Inc			1,766		449
Microsoft Corp			2,786		439

					888

Total Common Stock (Cost $2,689) ($ Thousands)					2,698



Description		Face Amount (Thousands)			Market Value ($ Thousands)

MORTGAGE-BACKED SECURITY — 0.0%

Agency Mortgage-Backed Obligations — 0.0%
FNMA TBA
5.000%,04/30/2037		$	200		$	216

Total Mortgage-Backed Security (Cost $216) ($ Thousands)						216

Total Investments in Securities — 57.8% (Cost $436,619) ($ Thousands)					$	437,211


	Contracts

*PURCHASED SWAPTION — 0.0%**

Total Purchased Swaption(B) (Cost $160) ($ Thousands)			37,631,000		$	–


*WRITTEN SWAPTIONS — 0.0%**

Total Written Swaptions(B) (Premiums Received $48) ($ Thousands)			(37,602,350	)	$	233


242		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

A list of open exchange traded swaptions held by the Fund at March 31, 2020, is as follows:

Description

Counterparty

Number of Contracts/
Notional Amount

Exercise Price

Expiration Date

Value
(Thousands)

PURCHASED SWAPTION — 0.0%

Put Swaptions — 0.0%

OPT-IRSLV4172945*

JPMorgan Chase

37,631,000

$2.00

04/18/2020

Total Purchased Swaption


		Number of Contracts/ Notional Amount			Exercise Price		Expiration Date		Value (Thousands)

WRITTEN SWAPTIONS — 0.0%

Calls — 0.0%
FX/JPY/USDVARSWAP STRIKE 16.90 EXP: 05/07/2020 VARIANCESWAP-VOLATILITY*	JPMorgan Chase		(9,550	)		$16.90		05/16/20	$	18
FX/JPY/USDVARSWAP STRIKE 5.88 EXP: 05/27/2020 VARIANCESWAP-VOLATILITY*	JPMorgan Chase		38,200			$5.88		05/16/20		215

Puts — 0.0%
OPT-IRSLV4172946*	JPMorgan Chase		(37,631,000	)		$2.25		04/18/20		-

Total Written Swaptions									$	233

A list of the open futures contracts held by the Fund at March 31, 2020, is as follows:


Type of Contract	Number of Contracts Long (Short)			Expiration Date		Notional Amount (Thousands)			Value (Thousands)			Unrealized Appreciation (Depreciation) (Thousands)
Amsterdam Index		3			Apr-2020	$	279		$	317		$	38
Australian 10-Year Bond		2			Jun-2020		181			184			3
Canadian 10-Year Bond		80			Jun-2020		8,460			8,270			287
CBOE Volatility Index		(10	)		Apr-2020		(165	)		(468	)		(303	)
DAX Index		1			Jun-2020		244			272			27
FTSE 100 Index		4			Jun-2020		250			280			20
FTSE MIB Index		4			Jun-2020		335			371			36
IBEX		8			Apr-2020		564			594			29
Japanese 10-Year Bond		(13	)		Jun-2020		(19,174	)		(18,372	)		255
Long Gilt 10-Year Bond		28			Jun-2020		4,837			4,728			53
MSCI EAFE Index		125			Jun-2020		9,044			9,746			702
MSCI Emerging Markets		57			Jun-2020		2,335			2,402			67
NASDAQ 100 Index E-MINI		11			Jun-2020		1,635			1,713			78
Nikkei 225 Index		166			Jun-2020		2,685			2,909			236
Russell 2000 Index E-MINI		23			Jun-2020		1,180			1,320			140
S&P 500 Index E-MINI		119			Jun-2020		14,293			15,290			997
S&P 500 Index E-MINI		(92	)		Jun-2020		(11,696	)		(11,821	)		(124	)
S&P TSX 60 Index		8			Jun-2020		829			915			89
S&P TSX 60 Index		8			Jun-2020		975			915			(38	)
U.S. 5-Year Treasury Note		218			Jul-2020		26,718			27,328			610
U.S. 10-Year Treasury Note		239			Jun-2020		31,814			33,146			1,332
U.S. Long Treasury Bond		5			Jun-2020		920			895			(24	)
U.S. Ultra Long Treasury Bond		8			Jun-2020		1,873			1,777			(98	)

						$	78,416		$	82,711		$	4,412


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		243

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

Multi-Asset Capital Stability Fund (Continued)

A list of the open forward foreign currency contracts held by the Fund at March 31, 2020, is as follows:


Counterparty	Settlement Date			Currency to Deliver (Thousands)			Currency to Receive (Thousands)		Unrealized Appreciation (Depreciation) (Thousands)
ANZ		04/08/20	USD		506	EUR		452	$	(10	)
ANZ		04/16/20	USD		502	CNH		3,507		(7	)
ANZ		05/26/20	USD		1,277	HKD		10,004		13
Bank of America		04/08/20	USD		763	EUR		693		(2	)
Bank of America		04/08/20	EUR		572	USD		631		4
Bank of America		04/08/20	EUR		579	USD		633		(3	)
Bank of America		04/09/20	JPY		54,612	USD		504		(3	)
Bank of America		04/16/20	USD		251	CNH		1,765		(2	)
Bank of America		04/23/20	USD		1,002	INR		72,182		(52	)
Bank of America		05/22/20	USD		1,130	CAD		1,622		10
Bank of America		05/22/20	CAD		1,333	USD		928		(8	)
Bank of America		05/29/20	USD		903	CHF		849		(23	)
Bank of America		07/09/20	RUB		109,963	USD		1,696		309
Barclays PLC		04/09/20	USD		761	JPY		83,602		14
Barclays PLC		04/16/20	USD		681	CNY		4,814		(2	)
Barclays PLC		04/23/20	USD		499	INR		35,793		(28	)
Barclays PLC		04/23/20	MXN		10,893	USD		535		72
Barclays PLC		05/13/20	CLP		409,293	USD		490		9
Barclays PLC		05/14/20	USD		1,529	KRW		1,803,062		(46	)
Barclays PLC		05/14/20	KRW		910,200	USD		754		6
Barclays PLC		05/14/20	KRW		918,001	USD		752		(3	)
Barclays PLC		05/21/20	USD		1,223	SGD		1,770		22
Barclays PLC		05/21/20	USD		2,055	TWD		62,128		19
Barclays PLC		07/09/20	USD		749	RUB		48,091		(142	)
Barclays PLC		08/13/20	USD		1,332	MYR		5,511		(49	)
Barclays PLC		08/13/20	MYR		4,236	USD		993		7
BNP Paribas		04/08/20	USD		768	ZAR		11,788		(109	)
BNP Paribas		04/16/20	USD		506	CNH		3,566		(3	)
Brown Brothers Harriman		04/06/20	USD		254	ILS		873		(7	)
Brown Brothers Harriman		04/06/20	ILS		4,326	USD		1,253		30
Brown Brothers Harriman		04/08/20	USD		374	ZAR		5,562		(62	)
Brown Brothers Harriman		04/08/20	USD		360	EUR		332		5
Brown Brothers Harriman		04/08/20	USD		444	EUR		392		(13	)
Brown Brothers Harriman		04/08/20	EUR		670	USD		744		9
Brown Brothers Harriman		04/08/20	EUR		382	USD		415		(4	)
Brown Brothers Harriman		04/08/20	ZAR		16,717	USD		1,119		184
Brown Brothers Harriman		04/09/20	USD		493	JPY		54,478		12
Brown Brothers Harriman		06/04/20	NZD		442	USD		257		(5	)
Citigroup		04/06/20	ILS		4,335	USD		1,264		38
Citigroup		04/08/20	USD		153	ZAR		2,682		(3	)
Citigroup		04/08/20	USD		2,653	EUR		2,384		(37	)
Citigroup		04/09/20	JPY		109,648	USD		1,006		(10	)
Citigroup		04/23/20	INR		36,227	USD		501		24
Citigroup		05/15/20	GBP		490	USD		630		23
Citigroup		05/20/20	RUB		112,324	USD		1,545		118
Citigroup		06/11/20	USD		1,638	AUD		2,757		50
Credit Suisse First Boston		04/08/20	USD		1,392	EUR		1,250		(21	)


244		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020


Counterparty	Settlement Date			Currency to Deliver (Thousands)			Currency to Receive (Thousands)		Unrealized Appreciation (Depreciation) (Thousands)
Credit Suisse First Boston		04/16/20	USD		491	CNH		3,475	$	(1	)
Credit Suisse First Boston		05/26/20	USD		1,292	HKD		10,128		15
Credit Suisse First Boston		05/26/20	HKD		20,131	USD		2,565		(32	)
Deutsche Bank		04/06/20	USD		508	ILS		1,733		(18	)
Deutsche Bank		04/08/20	EUR		4,481	USD		5,014		97
Deutsche Bank		04/23/20	USD		1,155	MXN		22,681		(191	)
Deutsche Bank		05/13/20	PEN		389	USD		113		–
Deutsche Bank		05/13/20	USD		728	PEN		2,571		19
Deutsche Bank		05/29/20	CHF		776	EUR		735		3
Deutsche Bank		07/09/20	USD		2,510	RUB		168,564		(384	)
Goldman Sachs		04/06/20	USD		759	ILS		2,612		(20	)
Goldman Sachs		04/09/20	JPY		55,558	USD		508		(7	)
Goldman Sachs		04/23/20	MXN		11,788	USD		592		91
Goldman Sachs		06/04/20	NZD		4,858	USD		2,890		14
Goldman Sachs		07/09/20	USD		698	RUB		44,665		(134	)
Goldman Sachs		07/09/20	RUB		36,868	USD		566		101
HSBC		04/08/20	USD		763	EUR		672		(25	)
HSBC		04/16/20	CNH		10,222	USD		1,463		21
HSBC		05/15/20	GBP		538	USD		668		–
HSBC		05/22/20	CAD		931	USD		658		3
HSBC		07/27/20	HKD		29,405	USD		3,777		(16	)
JPMorgan Chase Bank		04/08/20	USD		741	EUR		684		9
JPMorgan Chase Bank		04/09/20	USD		1,025	JPY		111,462		8
JPMorgan Chase Bank		04/09/20	JPY		11,475,213	USD		105,549		(805	)
JPMorgan Chase Bank		05/05/20	IDR		11,068,949	USD		770		93
JPMorgan Chase Bank		05/21/20	SGD		1,948	USD		1,363		(7	)
Morgan Stanley		04/06/20	USD		1,005	ILS		3,442		(32	)
Morgan Stanley		04/08/20	ZAR		7,598	USD		502		77
Morgan Stanley		04/09/20	USD		5,454	JPY		597,503		84
Morgan Stanley		04/09/20	JPY		110,360	USD		1,009		(14	)
Morgan Stanley		05/05/20	USD		793	IDR		11,068,949		(115	)
Morgan Stanley		05/14/20	USD		1,067	KRW		1,264,849		(28	)
RBS		04/23/20	INR		35,963	USD		503		30
RBS		08/13/20	MYR		2,614	USD		628		19
RBS		11/10/20	USD		791	TWD		23,256		(3	)
Standard Bank		04/09/20	USD		509	JPY		55,212		3
Standard Bank		04/23/20	INR		35,785	USD		496		25
Standard Bank		05/14/20	USD		491	KRW		608,018		9
Standard Bank		05/21/20	TWD		41,997	USD		1,407		5
UBS		04/08/20	EUR		672	USD		759		21
UBS		04/09/20	USD		508	JPY		55,571		7
UBS		11/10/20	TWD		23,256	USD		792		4
									$	(750	)


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		245

SCHEDULE OF INVESTMENTS (Unaudited)

March 31, 2020

Multi-Asset Capital Stability Fund (Concluded)

A list of the open centrally cleared swap agreements held by the Fund at March 31, 2020 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)
CDX.CD.SI.34		Sell		1.00%		Quarterly		06/20/2025		(11,104	)	$	(75	)	$	(188	)	$	113
CDX.HA.HY.33		Sell		5.00%		Quarterly		12/20/2024		(1,935	)		(116	)		169			(285	)
CDX.NA.HY.S33V1-5Y		Sell		5.00%		Quarterly		12/20/2024		(1,250	)		(75	)		86			(161	)
CDX.NA.IG.33		Sell		1.00%		Quarterly		12/20/2024		(1,410	)		(4	)		35			(39	)
CDX.NA.IG.S33V1.5Y		Sell		1.00%		Quarterly		12/20/2024		(1,060	)		(4	)		22			(26	)
ITRAXX.XOVER		Sell		5.00%		Quarterly		12/20/2024		(670	)		(15	)		91			(106	)
												$	(289	)	$	215		$	(504	)



Interest Rate Swaps
Fund Pays	Fund Receives		Payment Frequency		Termination Date		Currency		Notional Amount (Thousands)		Value (Thousands)		Upfront Payments/ Receipts (Thousands)		Net Unrealized Appreciation (Thousands)
6-MONTH AUD - BBSW		1.26%		Semi-Annual		11/22/2029		AUD		150	$	3	$	–	$	3
6-MONTH AUD - BBSW		1.3825%		Semi-Annual		01/10/2030		AUD		2,860		79		–		79
3-MONTH NZD - BKBM		1.65%		Semi-Annual		01/13/2030		NZD		2,240		92		–		92
6-MONTH AUD - BBSW		1.264%		Semi-Annual		01/24/2030		AUD		4,330		89		–		89
3-MONTH NZD - BKBM		1.6175%		Semi-Annual		01/28/2030		NZD		3,990		155		–		155
6-MONTH AUD - BBSW		1.077%		Semi-Annual		02/04/2030		AUD		970		9		–		9
3-MONTH NZD - BKBM		1.375%		Semi-Annual		02/05/2030		NZD		710		18		–		18
6-MONTH AUD - BBSW		1.0965%		Semi-Annual		03/27/2030		AUD		1,520		17		–		17
3-MONTH NZD - BKBM		1.0155%		Semi-Annual		03/30/2030		NZD		1,490		7		–		7
											$	469	$	–	$	469

Percentages are based on Net Assets of $756,192 ($ 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)	Refer to table below for details on Swaption Contracts.

AUD — Australian Dollar

BBSW — Bank Bill Swap Rate

BKBM — Bank Bill Benchmark Rate

CAD — Canadian Dollar

CBOE — Chicago Board Options Exchange

CHF — Swiss Franc

CLP — Chilean Peso

CNH — Chinese Yuan Offshore

CNY — Chinese Yuan

CPI — Consumer Price Index

DAX — German Stock Index

EAFE — Europe, Australasia and Far East

ETF — Exchange-Traded Fund

EUR — Euro

FHLB — Federal Home Loan Bank

FNMA — Federal National Mortgage Association

FTSE— Financial Times Stock Exchange

GBP — British Pound Sterling

HKD — Hong Kong Dollar

IBEX — Spanish Continuous Exchange

IDR — Indonesia Dollar

INR — Indian Rupee

ILS — Israeli New Sheckels

JPY — Japanese Yen

KRW — Korean Won

LLC — Limited Liability Company

MSCI — Morgan Stanley Capital International

MXN — Mexican Peso

MYR — Malaysian Ringgit

NASDAQ — National Association of Securities Dealers and Automated Quotations

NZD — New Zealand Dollar

PLC — Public Limited Company

PEN — Peruvian Sol

RUB — Russian Ruble

S&P— Standard & Poor’s

SGD — Singapore Dollar

TBA — To Be Announced

TSX — Toronto Stock Exchange

TWD — Taiwan Dollar

USD — United States Dollar

ZAR — South African Rand


246		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

The following is a list of the level of inputs used as of March 31, 2020, 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

–

231,776

–

231,776

Commercial Paper

–

127,281

–

127,281

Sovereign Debt

–

28,155

–

28,155

Exchange Traded Funds

27,501

–

27,501

U.S. Government Agency

Obligations

–

19,584

–

19,584

Common Stock

2,698

–

2,698

Mortgage-Backed Security

–

216

–

216

Total Investments in Securities

30,199

407,012

–

437,211

Other Financial
Instruments

Level 1

($)

Level 2

($)

Level 3

($)

Total

($)

Purchased Swaptions

–

Written Swaptions

–

233

–

233

Futures Contracts*

Unrealized Appreciation

4,999

–

4,999

Unrealized Depreciation

(587

)

–

(587

)

Forwards Contracts*

Unrealized Appreciation

–

1,736

–

1,736

Unrealized Depreciation

–

(2,486

)

–

(2,486

)

Centrally Cleared Swaps

Credit Default Swaps*

Unrealized Appreciation

–

113

–

113

Unrealized Depreciation

–

(617

)

–

(617

)

Interest Rate Swaps*

Unrealized Appreciation

–

469

–

469

Unrealized Depreciation

–

Total Other Financial Instruments

4,412

(552

)

–

3,860

* Futures contracts, forward contracts and swap contracts are valued at the unrealized appreciation (depreciation) on the instrument.

For the period ended March 31, 2020, there were no transfers in or out of Level 3.

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.


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		247

STATEMENTS OF ASSETS AND LIABILITIES ($ Thousands)

March 31, 2020 (Unaudited)



	Large Cap Fund		Large Cap Value Fund
Assets:
Investments, at value ^†	$	1,736,990*	$	960,083*
Affiliated investments, at value ^††		35,304		28,276
Cash and cash equivalents		–		121
Cash pledged as collateral on futures contracts		1,413		746
Foreign currency, at value ^†††		–		–
Receivable for fund shares sold		1,030		832
Receivable for investment securities sold		7,766		5,364
Dividends and interest receivable		2,815		2,317
Foreign tax reclaim receivable		59		297
Prepaid expenses		43		28
Total Assets		1,785,420		998,064
Liabilities:
Payable upon return on securities loaned		17,756		15,916
Payable for investment securities purchased		6,831		6,878
Payable for fund shares redeemed		2,274		777
Due to custodian		473		–
Administration fees payable		385		248
Shareholder servicing fees payable Class F		366		193
Shareholder servicing fees payable Class I		–		–
Payable for variation margin		208		97
Investment advisory fees payable		568		287
Chief Compliance Officer fees payable		1		1
Administration servicing fees payable Class I		–		–
Accrued expense payable		168		96
Total Liabilities		29,030		24,493
Net Assets	$	1,756,390	$	973,571
^† Cost of investments and repurchase agreements	$	1,615,756	$	1,030,376
^†† Cost of affiliated investments		35,292		28,277
^††† Cost of foreign currency		–		–
* Includes market value of securities on loan		17,177		15,443

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

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


248		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020



Large Cap Growth Fund		Large Cap Index 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

	$ 1,263,190*	$	468,044*	$	3,128,219*	$	684,961*	$	373,127*	$	199,507*	$	230,031*	$	610,216*

	36,330		12,577		36,124		32,299		89,816		14,618		17,068		21,659

	185		1,268		19,938		–		–		215		–		–

	1,278		1,259		1,339		2,640		7,498		284		–		–

	–		–		119		–		–		–		–		–

	772		942		2,937		391		511		182		442		847

	5,777		–		2,299		394		8,296		1,634		2,173		3,429

	388		526		4,744		725		507		567		172		975

	17		–		423		24		1		–		–		–

	28		13		75		16		11		6		6		35

	1,307,965		484,629		3,196,217		721,450		479,767		217,013		249,892		637,161

	23,432		555		28,163		423		15,581		5,642		11,530		12,698

	628		1,995		2,278		9,352		29,015		1,779		1,857		4,827

	699		558		7,982		2,741		445		201		201		2,093

	–		–		–		7,016		8,457		–		90		1,802

	318		36		596		85		110		56		62		161

	246		42		629		30		91		42		48		111

	–		–		–		1		–		–		–		–

	214		208		146		457		320		14		–		–

	365		8		1,142		12		223		113		118		327

	1		–		–		–		–		–		–		–

	–		–		–		1		–		–		–		–

	110		103		287		102		43		22		25		65

	26,013		3,505		41,223		20,220		54,285		7,869		13,931		22,084

	$ 1,281,952	$	481,124	$	3,154,994	$	701,230	$	425,482	$	209,144	$	235,961	$	615,077

	$ 902,628	$	521,646	$	1,863,442	$	303,802	$	422,803	$	268,428	$	270,357	$	567,640

	36,328		12,620		36,117		32,299		89,814		14,614		17,066		21,648

	–		–		129		–		–		–		–		–

	22,639		530		27,284		389		15,186		5,518		11,200		12,173


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		249

STATEMENTS OF ASSETS AND LIABILITIES ($ Thousands)

March 31, 2020 (Unaudited)



	Large Cap Fund			Large Cap Value Fund
Net Assets:
Paid-in capital — (unlimited authorization — no par value)	$	1,658,259		$	1,081,636
Total distributable earnings/(loss)		98,131			(108,065	)
Net Assets	$	1,756,390		$	973,571
Net Asset Value, Offering and Redemption Price Per Share — Class F		$10.86		$	17.07
		($1,655,868,320 152,439,606 shares	÷ )		($858,043,670 50,266,071 shares	÷ )
Net Asset Value, Offering and Redemption Price Per Share — Class I		N/A		$	17.09
					($2,048,625 ÷ 119,903 shares)
Net Asset Value, Offering and Redemption Price Per Share — Class Y	$	10.87		$	17.07
		($100,522,348 9,248,647 shares	÷ )		($113,478,888 6,646,551 shares	÷ )

N/A – Not applicable. Share class currently not offered.

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


250		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020


Large Cap Growth Fund			Large Cap Index 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

$	890,802		$	541,889		$	1,924,843		$	301,522		$	559,417		$	307,486		$	303,337		$	588,751
	391,150			(60,765	)		1,230,151			399,708			(133,935	)		(98,342	)		(67,376	)		26,326
$	1,281,952		$	481,124		$	3,154,994		$	701,230		$	425,482		$	209,144		$	235,961		$	615,077
$	31.90		$	9.08		$	21.67		$	58.24		$	8.20		$	13.51		$	23.24		$	15.21
	($1,136,463,483	÷		($ 481,124,036	÷		($2,814,981,502	÷		($697,565,276	÷		($400,982,020	÷		($177,903,368	÷		($210,364,106	÷		($542,877,453	÷
	35,620,637 shares	)		53,016,029 shares	)		129,891,564 shares	)		11,977,933 shares	)		48,897,538 shares	)		13,168,230 shares	)		9,053,290 shares	)		35,682,601 shares	)
$	31.01			N/A			N/A		$	58.58			N/A		$	13.37		$	22.02			N/A
	($2,194,616	÷								($3,664,674	÷					($1,114,950	÷		($968,404	÷
	70,768 shares	)								62,555 shares	)					83,379 shares	)		43,985 shares	)
$	31.95			N/A		$	21.68			N/A		$	8.28		$	13.52		$	23.54		$	15.23
	($143,293,939	÷					($340,012,234 ÷						($24,499,832	÷		($30,125,297	÷		($24,628,058	÷		($72,199,598 ÷
	4,485,377 shares	)					15,680,142 shares	)					2,959,042 shares	)		2,228,097 shares	)		1,046,395 shares	)		4,739,139 shares	)


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		251

STATEMENTS OF ASSETS AND LIABILITIES ($ Thousands)

March 31, 2020 (Unaudited)



	Mid-Cap Fund		U.S. Managed Volatility Fund
Assets:
Investments, at value ^†	$	66,839	$	1,406,334	*
Affiliated investments, at value ^††		2,260		41,128
Repurchase agreements^†		–		–
Cash and cash equivalents		10		1,849
Due from Broker		–		–
Cash pledged as collateral on swap contracts		–		–
Cash pledged as collateral on futures contracts		–		2,609
Foreign currency, at value ^†††		–		2,354
Receivable for fund shares sold		274		1,821
Dividends and interest receivable		164		3,738
Foreign tax reclaim receivable		1		19
Receivable for investment securities sold		–		–
Unrealized gain on forward foreign currency contracts		–		–
Options purchased, at value ^{†††††}		–		–
Swaptions purchased, at value ^{††††† †}		–		–
Receivable for variation margin		–		–
Prepaid expenses		2		35
Total Assets		69,550		1,459,887
Liabilities:
Administration fees payable		19		298
Shareholder servicing fees payable Class F		16		154
Shareholder servicing fees payable Class I		–		–
Payable for fund shares redeemed		14		2,466
Payable upon return on securities loaned		–		258
Payable for investment securities purchased		–		–
Income distribution payable		–		–
Options written, at value ^{†††††}		–		–
Swaptions written, at value ^{††††† †}		–		–
Due to custodian		–		–
Payable for variation margin		–		451
Unrealized loss on foreign currency spot contracts		–		–
Unrealized loss on forward foreign currency contracts		–		–
Investment advisory fees payable		26		507
Chief Compliance Officer fees payable		–		1
Administration servicing fees payable Class I		–		–
Accrued expense payable		8		136
Due to Broker		–		–
Total Liabilities		83		4,271
Net Assets	$	69,467	$	1,455,616
^† Cost of investments and repurchase agreements	$	86,006	$	1,484,266
^†^† Cost of affiliated investments		2,260		41,128
^††† Cost of foreign currency		–		2,508
^{†††††} Cost (premiums received)		–		–
^{††††††} Cost (premiums received)		–		–
* Includes market value of securities on loan		–		252

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

The accompanying notes are an integral part of the financial statements


252		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020


Global Managed Volatility Fund			Tax-Managed Managed Volatility Fund			Tax-Managed International Managed Volatility Fund		Real Estate Fund		Core Fixed Income Fund			High Yield Bond Fund		Conservative Income Fund

$	980,607	*	$	837,588	*	$	305,963	$	89,455	$	4,246,480	*	$	1,242,480	$	322,500

	24,560			5,382			16,088		1,145		338,485			16,075		745

	–			–			–		–		–			–		33,094

	3,996			371			2,335		62		–			–		–

	–			–			–		–		–			184		–

	–			–			–		–		20			–		–

	1,912			307			1,556		–		7,368			–		–

	898			3,057			973		–		4,069			2		–

	1,386			991			536		16		1,789			610		1,694

	3,731			1,716			1,597		394		18,473			21,795		363

	3,259			9			1,634		–		457			115		–

	27			–			315		2,142		544,019			27,251		–

	65			–			–		–		2,690			–		–

	–			–			–		–		1,098			–		–

	–			–			–		–		14			–		–

	61			–			102		–		4,270			–		–

	25			20			7		3		77			30		5

	1,020,527			849,441			331,106		93,217		5,169,309			1,308,542		358,401

	249			221			115		26		566			215		30

	182			177			61		16		798			255		25

	–			–			–		–		1			–		–

	929			997			428		497		7,793			1,244		834

	1,339			194			–		–		38,539			1		–

	27			–			552		2,271		919,710			20,580		–

	–			–			–		–		763			757		66

	–			–			–		–		3,906			–		–

	–			–			–		–		3,421			–		–

	–			–			–		–		5,174			4,887		7,015

	208			14			50		–		3,893			–		–

	–			–			5		–		4			–		–

	4,464			–			–		–		8,547			–		–

	490			340			105		49		765			480		16

	1			1			–		–		3			1		–

	–			–			–		–		1			–		–

	84			78			37		6		405			155		22

	–			–			–		–		32			–		–

	7,973			2,022			1,353		2,865		994,321			28,575		8,008

$	1,012,554		$	847,419		$	329,753	$	90,352	$	4,174,988		$	1,279,967	$	350,393

$	1,075,694		$	596,219		$	321,086	$	93,133	$	4,210,763		$	1,474,212	$	355,721

	24,560			5,382			16,088		1,145		338,438			16,075		745

	900			3,130			961		–		3,930			–		–

	–			–			–		–		(1,788	)		–		–

	–			–			–		–		(244	)		–		–

	1,338			176			–		–		37,854			–		–


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		253

STATEMENTS OF ASSETS AND LIABILITIES ($ Thousands)

March 31, 2020 (Unaudited)


	Mid-Cap Fund			U.S. Managed Volatility Fund
Net Assets:
Paid-in capital — (unlimited authorization — no par value)	$	88,797		$	1,517,615
Total distributable earnings/(loss)		(19,330	)		(61,999	)
Net Assets	$	69,467		$	1,455,616
Net Asset Value, Offering and Redemption Price Per Share — Class F	$	18.23		$	13.85
		($67,107,618	÷		($689,636,344	÷
		3,680,433 shares	)		49,801,096 shares	)
Net Asset Value, Offering and Redemption Price Per Share — Class I	$	18.20		$	13.84
		($507,867	÷		($1,084,054	÷
		27,900 shares	)		78,313 shares	)
Net Asset Value, Offering and Redemption Price Per Share — Class Y	$	18.25		$	13.86
		($1,851,254	÷		($764,895,298	÷
		101,449 shares	)		55,202,364 shares	)

N/A - Not applicable. Share class currently not offered.

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


254		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020


Global Managed Volatility Fund			Tax-Managed Managed Volatility Fund			Tax-Managed International Managed Volatility Fund			Real Estate Fund			Core Fixed Income Fund			High Yield Bond Fund			Conservative Income Fund
$	1,064,161		$	600,232		$	379,910		$	94,389		$	4,094,169		$	1,721,830		$	350,517
	(51,607)			247,187			(50,157	)		(4,037	)		80,819			(441,863	)		(124	)
$	1,012,554		$	847,419		$	329,753		$	90,352		$	4,174,988		$	1,279,967		$	350,393
$	9.08		$	14.32		$	8.87		$	12.14		$	11.58		$	5.78		$	10.00
	($827,971,314 ÷			($774,519,493	÷		($281,755,349	÷		($68,759,312	÷		($3,740,522,526	÷		($1,128,518,981 ÷			($330,527,031	÷
	91,141,874 shares)			54,081,070 shares	)		31,752,518 shares	)		5,661,637 shares	)		323,053,364 shares	)		195,250,733 shares	)		33,064,863 shares	)
$	8.87			N/A			N/A		$	12.12		$	11.56		$	5.57			N/A
	($853,019	÷								($322,386	÷		($4,468,374	÷		($331,656 ÷
	96,139 shares)									26,599 shares	)		386,446 shares	)		59,570 shares	)
$	9.10		$	14.33		$	8.88		$	12.15		$	11.59		$	5.78		$	10.00
	($183,729,595	÷		($72,899,602	÷		($47,997,912	÷		($21,270,083	÷		($429,997,417	÷		($151,116,776 ÷			($19,865,853	÷
	20,188,589 shares)			5,088,397 shares	)		5,406,362 shares	)		1,750,245 shares	)		37,113,717 shares	)		26,147,869 shares	)		1,987,390 shares	)


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		255

STATEMENTS OF ASSETS AND LIABILITIES/CONSOLIDATED STATEMENTS OF ASSETS AND LIABILITIES ($ Thousands)

March 31, 2020 (Unaudited)


	Tax-Free Conservative Income Fund
Assets:
Investments, at value ^†	$	198,631
Affiliated investments, at value ^††		–
Repurchase agreements^†		–
Cash and cash equivalents		24
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		–
Cash pledged as collateral on securities sold short		–
Foreign currency, at value ^†††		–
Receivable for fund shares sold		937
Dividends and interest receivable		835
Receivable for investment securities sold		–
Unrealized gain on forward foreign currency contracts		–
OTC Swap contracts, at value ^††††		–
Options purchased, at value ^{†††††}		–
Swaptions purchased, at value ^{††††† †}		–
Foreign tax reclaim receivable		–
Receivable for variation margin		–
Prepaid expenses		3
Total Assets		200,430
Liabilities:
Payable for investment securities purchased		3,980
Payable for fund shares redeemed		179
Income distribution payable		46
Administration fees payable		18
Shareholder servicing fees payable Class F		16
Payable for securities sold short@		–
OTC Swap contracts, at value ^††††		–
Options written, at value ^{†††††}		–
Swaptions written, at value ^{††††† †}		–
Due to broker		–
Reverse repurchase agreements		–
Foreign currency payable to custodian, at value ^†††		–
Payable for variation margin		–
Unrealized loss on foreign currency spot contracts		–
Unrealized loss on forward foreign currency contracts		–
Investment advisory fees payable		10
Chief Compliance Officer fees payable		–
Unfunded commitments on loan participations		–
Accrued expense payable		15
Total Liabilities		4,264
Net Assets	$	196,166
^† Cost of investments and repurchase agreements	$	198,682
^†† Cost of affiliated investments		–
^††† Cost of foreign currency		–
^†††† Cost (premiums received)		–
^{†††††} Cost (premiums received)		–
^{††††††} Cost (premiums received)		–
@Proceeds from securities sold short		–

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

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


256		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020


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

$	257,684	$	619,563	$	276,764		$	1,376,248	$	799,487		$	971,423		$	437,211
	2,015		–		113,144			–		–			–			–
	–		–		–			–		–			–			239,525
	173		6,629		62,813			1,079,355		27,554			165,323			–
	–		–		413			–		–			–			–
	–		–		542			9,498		14,828			4,415			–
	–		624		155			65,826		8,786			11,481			9,982
	–		–		6,519			–		–			–			–
	–		–		–			–		41,206			–			–
	–		–		20,060			–		–			–			–
	–		–		2,955			2,508		5,380			–			73,078
	393		329		204			1,901		695			459			1,273
	284		769		1,083			1,718		8,110			2,077			199
	–		–		55,744			20,561		28,620			21			245
	–		44		3,310			30,454		5,552			2,066			1,736
	–		1,864		1,914			645		–			1,203			–
	–		2,963		1,205			–		1,350			242			–
	–		3,142		–			–		–			445			233
	–		–		69			263		89			97			–
	–		–		42			187		838			4,802			524
	5		15		9			54		19			18			14
	260,554		635,942		546,945			2,589,218		942,514			1,164,072			764,020
	–		–		41,488			58		75,269			2,924			3,200
	306		977		515			3,527		2,088			853			1,226
	–		–		–			–		311			–			–
	42		162		104			552		180			193			89
	20		133		93			517		64			158			59
	–		–		58,281			–		–			82,597			–
	–		–		920			2,406		186			5,934			–
	–		–		614			–		15,113			208			–
	–		–		–			–		–			350			–
	–		–		–			16,770		–			1,058			–
	–		–		–			–		–			299,301			–
	–		–		–			–		–			297			–
	–		1,017		79			7,240		1,722			4,030			493
	–		–		–			–		6			–			–
	–		4		1,237			50,283		4,713			406			2,486
	28		105		269			1,426		321			223			228
	–		–		–			2		1			–			–
	–		–		–			–		19			–			–
	19		49		47			197		112			356			47
	415		2,447		103,647			82,978		100,105			398,888			7,828
$	260,139	$	633,495	$	443,298		$	2,506,240	$	842,409		$	765,184		$	756,192
$	258,377	$	486,724	$	299,693		$	1,370,724	$	883,363		$	1,002,615		$	436,619
	2,015		–		113,144			–		–			–			–
	–		–		3,029			2,508		5,650			(296	)		72,273
	–		–		1,446			–		5			(1,808	)		–
	–		1,641		442			–		(4,113	)		149			–
	–		2,357		–			–		122			150			112
	–		–		(62,770	)		–		–			(93,864	)		–


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		257

STATEMENTS OF ASSETS AND LIABILITIES/CONSOLIDATED STATEMENTS OF ASSETS AND LIABILITIES ($ Thousands)

March 31, 2020 (Unaudited)


	Tax-Free Conservative Income Fund
Net Assets:
Paid-in capital — (unlimited authorization — no par value)	$	196,147
Total distributable earnings/(loss)		19
Net Assets	$	196,166
Net Asset Value, Offering and Redemption Price Per Share — Class F	$	10.00
		($189,392,904 18,938,385 shares	÷ )
Net Asset Value, Offering and Redemption Price Per Share — Class Y	$	10.00
		($6,773,583 677,201 shares	÷ )

N/A - Not applicable. Share class currently not offered.

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


258		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020


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
$	266,104		$	523,047		$	490,092		$	2,912,116		$	945,894		$	993,457		$	762,115
	(5,965	)		110,448			(46,794	)		(405,876	)		(103,485	)		(228,273	)		(5,923	)
$	260,139		$	633,495		$	443,298		$	2,506,240		$	842,409		$	765,184		$	756,192
$	9.96		$	11.35		$	8.98		$	8.68		$	9.51		$	7.47		$	9.99
	($236,082,797	÷		($595,627,330	÷		($435,209,550	÷		($2,328,337,034	÷		($699,884,335	÷		($720,952,982	÷		($713,029,088	÷
	23,706,152 shares	)		52,495,116 shares	)		48,467,625 shares	)		268,139,994 shares	)		73,604,629 shares	)		96,544,755 shares	)		71,402,710 shares	)
$	10.00		$	11.36		$	8.97		$	8.74		$	9.51		$	7.47		$	10.00
	($24,055,714	÷		($37,867,310	÷		($8,088,139	÷		($177,903,048	÷		($142,524,534	÷		($44,231,453	÷		($43,163,307	÷
	2,406,155 shares	)		3,333,917 shares	)		901,367 shares	)		20,350,671 shares	)		14,989,364 shares	)		5,921,890 shares	)		4,315,642 shares	)


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		259

STATEMENTS OF OPERATIONS ($ Thousands)

For the six month ended March 31, 2020 (Unaudited)



	Large Cap Fund			Large Cap Value Fund			Large Cap Growth Fund
Investment Income:
Dividends	$	24,933		$	20,305		$	8,831
Income from affiliated investments⁽¹⁾		134			108			103
Interest income		4			3			3
Security lending income - net⁽¹⁾ ⁽²⁾		124			56			29
Less: foreign taxes withheld		(158	)		(251	)		(20	)
Total Investment Income		25,037			20,221			8,946
Expenses:
Investment advisory fees		4,459			2,314			3,024
Administration fees		3,183			1,983			2,257
Shareholder servicing fees Class F		2,699			1,461			1,680
Shareholder servicing fees Class I		–			4			3
Trustees’ fees		21			12			14
Chief compliance officer fees		6			4			4
Administration servicing fees Class I		–			4			3
Printing fees		133			77			87
Professional fees		58			33			38
Custodian/Wire agent fees		56			33			36
Registration fees		40			23			25
Pricing fees		18			11			11
Other expenses		16			9			10
Total Expenses		10,689			5,968			7,192
Less:
Waiver of investment advisory fees		(314	)		(158	)		(556	)
Waiver of shareholder servicing fees Class F		(22	)		(12	)		(13	)
Waiver of shareholder servicing fees Class I		–			–			–
Waiver of administration fees		(314	)		(85	)		(85	)
Net Expenses		10,039			5,713			6,538
Net Investment Income (Loss)		14,998			14,508			2,408
Net Realized Gain (Loss) on:
Investments		(11,715	)		(30,023	)		35,082
Futures contracts		(944	)		(2,440	)		(1,886	)
Net Change in Unrealized Appreciation (Depreciation) on:
Investments		(352,244	)		(300,927	)		(108,530	)
Affiliated investments		2			(2	)		–
Futures contracts		1,126			474			808
Foreign currency translation of other assets and liabilities denominated in foreign currencies		–			–			–
Net Decrease in Net Assets Resulting from Operations	$	(348,777	)	$	(318,410	)	$	(72,118	)

(1)	See Note 6 in Notes to Financial Statements.

(2)	Income is from the investment of collateral in an affiliated security.

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

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


260		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020


Large Cap Index 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

$	5,009		$	43,685		$	8,745		$	3,966		$	3,777		$	19		$	6,660
	153			152			95			77			90			49			118
	4			2			3			77			–			1,337			118
	7			405			2			115			45			127			138
	–			(391	)		–			(8	)		(4	)		(3	)		(13	)
	5,173			43,853			8,845			4,227			3,908			1,529			7,021

	131			8,078			128			1,906			1,028			1,076			2,807
	786			4,450			939			880			474			497			1,296
	655			4,484			1,061			693			338			370			957
	–			–			6			–			2			2			–
	4			36			8			5			3			3			8
	1			14			2			2			1			1			2
	–			–			6			–			2			2			–
	30			234			50			34			18			19			50
	12			101			21			15			8			8			22
	11			97			21			14			8			8			21
	8			61			14			11			5			6			17
	6			29			8			7			4			4			9
	23			27			25			4			2			2			6
	1,667			17,611			2,289			3,571			1,893			1,998			5,195

	(79	)		–			(43	)		(221	)		(123	)		(180	)		(332	)
	(393	)		(36	)		(849	)		(6	)		(3	)		(3	)		(115	)
	–			–			(1	)		–			–			–			–
	(537	)		(132	)		(309	)		(36	)		(15	)		(15	)		(55	)
	658			17,443			1,087			3,308			1,752			1,800			4,693
	4,515			26,410			7,758			919			2,156			(271	)		2,328

	(1,935	)		(21,884	)		24,002			(56,134	)		(18,474	)		(17,083	)		(16,462	)
	(6,121	)		(1,547	)		(3,398	)		(288	)		(191	)		(20	)		–

	(79,523	)		(572,063	)		(130,881	)		(91,567	)		(91,107	)		(61,092	)		(208,931	)
	(34	)		4			–			2			2			3			12
	290			82			216			(177	)		144			64			–
	–			(9	)		–			–			–			–			–
$	(82,808	)	$	(569,007	)	$	(102,303	)	$	(147,245	)	$	(107,470	)	$	(78,399	)	$	(223,053	)


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		261

STATEMENTS OF OPERATIONS ($ Thousands)

For the six month ended March 31, 2020 (Unaudited)



	Mid-Cap Fund			U.S. Managed Volatility Fund			Global Managed Volatility Fund
Investment Income:
Dividends	$	1,184		$	24,964		$	15,130
Income from affiliated investments⁽¹⁾		18			310			104
Interest income		–			5			33
Security lending income - net⁽¹⁾⁽²⁾		–			–			–
Less: foreign taxes withheld		(1	)		(225	)		(1,119	)
Total Investment Income		1,201			25,054			14,148
Expenses:
Investment advisory fees		205			5,968			4,114
Administration fees		154			2,677			1,899
Shareholder servicing fees Class F		124			1,118			1,295
Shareholder servicing fees Class I		1			2			1
Trustees’ fees		1			16			11
Administration servicing fees Class I		1			2			1
Chief compliance officer fees		–			5			3
Printing fees		6			106			73
Professional fees		3			46			32
Registration fees		2			29			23
Custodian/Wire agent fees		2			44			80
Pricing fees		2			15			18
Other expenses		–			13			11
Total Expenses		501			10,041			7,561
Less:
Waiver of investment advisory fees		–			(2,393	)		(684	)
Waiver of shareholder servicing fees Class F		(1	)		(9	)		(10	)
Waiver of shareholder servicing fees Class I		–			–			–
Waiver of administration fees		–			(533	)		(113	)
Fees paid indirectly		–			–			–
Net Expenses		500			7,106			6,754
Net Investment Income		701			17,948			7,394
Net Realized Gain (Loss) on:
Investments		(449	)		23,059			50,185
Affiliated investments		–			–			–
Futures contracts		–			(1,222	)		(2,729	)
Foreign currency translation		–			(11	)		(123	)
Forward foreign currency contracts		–			–			12,700
Purchased and written options		–			–			–
Swap contracts		–			–			–
Net Change in Unrealized Appreciation (Depreciation) on:
Investments		(26,410	)		(384,780	)		(268,266	)
Affiliated investments		–			–			–
Futures contracts		–			1,677			(163	)
Purchased and written options		–			–			–
Purchased and written swaptions		–			–			–
Swap contracts		–			–			–
Foreign currency translation of other assets and liabilities denominated in foreign currencies		1			(171	)		26
Forward foreign currency contracts		–			–			(6,538	)
Net Increase (Decrease) in Net Assets Resulting from Operations	$	(26,157	)	$	(343,500	)	$	(207,514	)

(1)	See Note 6 in Notes to Financial Statements.

(2)	Income is from the investment of collateral in an affiliated security.

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

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


262		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020


Tax-Managed Managed Volatility Fund			Tax-Managed International Managed Volatility Fund			Real Estate Fund			Core Fixed Income Fund			High Yield Bond Fund			Conservative Income Fund			Tax-Free Conservative Income Fund

$	15,112		$	5,100		$	1,957		$	–		$	583		$	–		$	–
	158			53			24			863			477			–			–
	3			9			–			60,902			50,754			2,478			1,328
	–			–			–			138			–			–			–
	(113	)		(532	)		–			(203	)		–			–			–
	15,160			4,630			1,981			61,700			51,814			2,478			1,328

	3,524			1,240			422			5,841			3,897			134			92
	1,626			858			195			3,350			1,585			267			184
	1,245			420			118			4,752			1,756			306			215
	–			–			1			6			13			–			–
	10			3			1			38			14			2			2
	–			–			1			6			13			–			–
	3			1			–			12			4			1			–
	63			22			7			244			93			15			11
	27			9			3			105			40			7			4
	18			6			2			68			27			5			3
	26			47			3			101			37			6			4
	9			12			1			239			101			5			6
	7			2			2			29			14			2			1
	6,558			2,620			756			14,791			7,594			750			522

	(1,159	)		(524	)		(49	)		(1,133	)		(610	)		(53	)		(37	)
	(10	)		(3	)		(1	)		(38	)		(14	)		(184	)		(129	)
	–			–			–			(1	)		(2	)		–			–
	(68	)		(30	)		–			(108	)		(55	)		(120	)		(85	)
	–			–			(8	)		–			–			–			–
	5,321			2,063			698			13,511			6,913			393			271
	9,839			2,567			1,283			48,189			44,901			2,085			1,057

	7,859			(6,691	)		2,865			82,830			(8,674	)		–			(12	)
	–			–			–			9			–			–			–
	(1,739	)		(1,997	)		–			29,335			–			–			–
	23			(37	)		–			367			–			–			–
	–			–			–			525			–			–			–
	–			–			–			(1,974	)		–			–			–
	–			–			–			(16,772	)		(783	)		–			–

	(190,892	)		(52,869	)		(35,090	)		(83,413	)		(235,527	)		(188	)		(55	)
	–			–			–			40			–			–			–
	105			543			–			24,587			–			–			–
	–			–			–			(1,220	)		–			–			–
	–			–			–			(3,163	)		–			–			–
	–			–			–			(8,694	)		44			–			–
	3			26			–			656			(7	)		–			–
	(72	)		–			–			(5,423	)		–			–			–
$	(174,874	)	$	(58,458	)	$	(30,942	)	$	65,879		$	(200,046	)	$	1,897		$	990


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		263

STATEMENTS OF OPERATIONS/CONSOLIDATED STATEMENTS OF OPERATIONS ($ Thousands)

For the six month ended March 31, 2020 (Unaudited)



	Real Return Fund			Dynamic Asset Allocation Fund
Investment Income:
Dividends	$	–		$	7,904
Income from affiliated investments⁽¹⁾		11			–
Interest income		1,704			–
Less: foreign taxes withheld		–			(96	)
Total Investment Income		1,715			7,808
Expenses:
Shareholder servicing fees Class F		287			919
Investment advisory fees		280			2,370
Administration fees		254			1,185
Trustees’ fees		2			7
Chief compliance officer fees		1			2
Printing fees		15			46
Professional fees		6			20
Custodian/Wire agent fees		6			10
Registration fees		4			15
Pricing fees		2			8
Dividend expense on securities sold short		–			–
Interest expense		–			–
Other expenses		2			8
Total Expenses		859			4,590
Less:
Waiver of investment advisory fees		(114	)		(1,634	)
Waiver of shareholder servicing fees Class F		(172	)		–
Waiver of administration fees		(10	)		(52	)
Net Expenses		563			2,904
Net Investment Income		1,152			4,904
Net Realized Gain (Loss) on:
Investments		174			16,066
Securities sold short		–			–
Futures contracts		–			(9,360	)
Foreign currency translation		–			59
Forward foreign currency contracts		–			2,610
Purchased and written options		–			(36	)
Swap contracts		–			–
Capital gains on Investments		–			–
Net Change in Unrealized Appreciation (Depreciation) on:
Investments		(595	)		(109,669	)
Securities sold short		–			–
Futures contracts		–			483
Purchased and written options		–			1,322
Purchased and written swaptions		–			1,049
Swap contracts		–			1,864
Foreign currency translation of other assets and liabilities denominated in foreign currencies		–			–
Forward foreign currency contracts		–			(4,706	)
Net Increase (Decrease) in Net Assets Resulting from Operations	$	731		$	(95,414	)

(1)	See Note 6 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.


264		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020


Multi-Strategy Alternative Fund		Multi-Asset Accumulation Fund			Multi-Asset Income Fund			Multi-Asset Inflation Managed Fund			Multi-Asset Capital Stability Fund

$	3,132	$	2,839		$	1,176		$	2,416		$	481
	1,086		–			–			–			–
	3,252		14,070			22,706			9,126			4,991
	–		(128	)		(78	)		–			–
	7,470		16,781			23,804			11,542			5,472

	585		3,300			1,030			996			868
	3,582		10,706			2,962			2,336			1,484
	716		3,707			1,481			1,274			1,113
	4		25			9			8			7
	1		8			3			2			2
	27		165			57			49			43
	12		72			25			22			18
	12		52			22			24			19
	8		49			16			15			12
	29		53			107			40			10
	927		–			–			182			–
	–		–			–			1,880			–
	3		20			11			6			12
	5,906		18,157			5,723			6,834			3,588

	(1,908)		(1,569	)		(891	)		(926	)		(148	)
	(5)		–			(618	)		–			(521	)
	(116)		(128	)		(333	)		(74	)		(628	)
	3,877		16,460			3,881			5,834			2,291
	3,593		321			19,923			5,708			3,181

	(18,622)		(3,367	)		(8,832	)		4,969			1,526
	5,102		–			2			(3,996	)		–
	355		(178,205	)		1,197			(5,968	)		(6,805	)
	(495)		(11,827	)		(654	)		297			(1,694	)
	(94)		14,962			651			(146	)		2,277
	(35)		–			4,842			(186	)		(1,764	)
	1,554		(6,769	)		(6,039	)		(5,367	)		26
	600		–			–			–			–

	(27,246)		(47,931	)		(119,174	)		(68,874	)		(3,500	)
	5,650		–			–			22,598			–
	(82)		43,695			4,573			(18,722	)		5,778
	262		–			(11,044	)		16			(138	)
	17		–			(121	)		(55	)		212
	488		5,818			(3,551	)		(4,149	)		(1,090	)
	69		96			(232	)		(9	)		824
	2,014		(27,943	)		182			1,733			(1,340	)
$	(26,870)	$	(211,150	)	$	(118,277	)	$	(72,151	)	$	(2,507	)


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		265

STATEMENTS OF CHANGES IN NET ASSETS ($ Thousands)

For the six month period ended March 31, 2020 (Unaudited) and the year ended September 30,


	Large Cap Fund						Large Cap Value Fund						Large Cap Growth Fund
	10/01/19 to 03/31/20			2019			10/01/19 to 03/31/20			2019			10/01/19 to 03/31/20			2019
Operations:
Net investment income	$	14,998		$	32,380		$	14,508		$	29,250		$	2,408		$	5,610
Net realized gain (loss) from investments, securities sold short, futures contracts, forward foreign currency contracts, options, swaptions and swap contracts		(12,659	)		148,452			(32,463	)		24,486			33,196			85,495
Net change in unrealized appreciation (depreciation) on investments, securities sold short, futures contracts, forward foreign currency contracts, options, swaptions and swap contracts		(351,116	)		(163,223	)		(300,455	)		(69,325	)		(107,722	)		(59,618	)
Net change in unrealized depreciation on foreign currency transactions		—			—			—			—			—			—
Net Increase (Decrease) in Net Assets Resulting from Operations		(348,777	)		17,609			(318,410	)		(15,589	)		(72,118	)		31,487
Distributions:
Class F:		(145,646	)		(295,855	)		(32,587	)		(125,494	)		(76,129	)		(159,034	)
Class I:		N/A			N/A			(78	)		(416	)		(159	)		(409	)
Class Y:		(8,724	)		(16,757	)		(4,376	)		(14,445	)		(9,519	)		(16,121	)
Total Distributions		(154,370	)		(312,612	)		(37,041	)		(140,355	)		(85,807	)		(175,564	)
Capital Share Transactions:⁽¹⁾
Class F:
Proceeds from shares issued		152,649			309,655			80,386			179,691			90,291			201,096
Reinvestment of dividends & distributions		135,392			275,753			30,526			117,869			71,234			149,836
Cost of shares redeemed		(316,043	)		(585,006	)		(130,160	)		(251,243	)		(199,014	)		(320,107	)
Net increase (decrease) from Class F transactions		(28,002	)		402			(19,248	)		46,317			(37,489	)		30,825
Class I:
Proceeds from shares issued		N/A			N/A			230			474			188			251
Reinvestment of dividends & distributions		N/A			N/A			64			352			124			328
Cost of shares redeemed		N/A			N/A			(520	)		(1,713	)		(484	)		(1,440	)
Net decrease from Class I transactions		N/A			N/A			(226	)		(887	)		(172	)		(861	)
Class Y:
Proceeds from shares issued		23,759			34,843			10,898			32,803			10,533			32,757
Reinvestment of dividends & distributions		8,482			16,435			4,073			13,345			8,872			14,845
Cost of shares redeemed		(35,321	)		(42,514	)		(10,989	)		(22,818	)		(15,932	)		(18,760	)
Net increase (decrease) from Class Y transactions		(3,080	)		8,764			3,982			23,330			3,473			28,842
Increase (Decrease) in Net Assets Derived from Capital Share Transactions		(31,082	)		9,166			(15,492	)		68,760			(34,188	)		58,806
Net Increase (Decrease) in Net Assets		(534,229	)		(285,837	)		(370,943	)		(87,184	)		(192,113	)		(85,271	)
Net Assets
Beginning of period		2,290,619			2,576,456			1,344,514			1,431,698			1,474,065			1,559,336
End of period	$	1,756,390		$	2,290,619		$	973,571		$	1,344,514		$	1,281,952		$	1,474,065

(1)	See Note 7 in Notes to Financial Statements for additional information.

N/A — Not applicable. Shares currently not offered.

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

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


266		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020


Large Cap Index Fund						Tax-Managed Large Cap Fund						S&P 500 Index Fund						Small Cap Fund
10/01/19 to 03/31/20			2019			10/01/19 to 03/31/20			2019			10/01/19 to 03/31/20			2019			10/01/19 to 03/31/20			2019
$	4,515		$	5,721		$	26,410		$	47,598		$	7,758		$	15,638		$	919		$	775

	(8,056	)		(608	)		(23,431	)		295,617			20,604			24,706			(56,422	)		(22,810	)

	(79,267	)		13,938			(571,977	)		(295,788	)		(130,665	)		(14,610	)		(91,742	)		(56,476	)
	—			—			(9	)		(3	)		—			—			—			—
	(82,808	)		19,051			(569,007	)		47,424			(102,303	)		25,734			(147,245	)		(78,511	)

	(4,576	)		(5,451	)		(283,964	)		(64,986	)		(31,642	)		(31,490	)		(522	)		(74,808	)
	N/A			N/A			N/A			N/A			(173	)		(192	)		N/A			N/A
	N/A			N/A			(36,293	)		(8,049	)		N/A			N/A			(70	)		(4,030	)
	(4,576	)		(5,451	)		(320,257	)		(73,035	)		(31,815	)		(31,682	)		(592	)		(78,838	)

	205,164			268,892			192,806			342,200			144,555			135,414			46,813			98,992
	4,374			5,298			250,504			58,238			28,696			28,773			488			70,168
	(96,687	)		(66,004	)		(382,434	)		(599,967	)		(169,260	)		(236,134	)		(60,872	)		(155,413	)
	112,851			208,186			60,876			(199,529	)		3,991			(71,947	)		(13,571	)		13,747

	N/A			N/A			N/A			N/A			616			1,344			N/A			N/A
	N/A			N/A			N/A			N/A			126			141			N/A			N/A
	N/A			N/A			N/A			N/A			(1,653	)		(2,513	)		N/A			N/A
	N/A			N/A			N/A			N/A			(911	)		(1,028	)		N/A			N/A

	N/A			N/A			21,355			117,948			N/A			N/A			6,702			10,596
	N/A			N/A			33,416			7,424			N/A			N/A			68			3,920
	N/A			N/A			(62,529	)		(54,771	)		N/A			N/A			(7,268	)		(10,349	)
	N/A			N/A			(7,758	)		70,601			N/A			N/A			(498	)		4,167
	112,851			208,186			53,118			(128,928	)		3,080			(72,975	)		(14,069	)		17,914
	25,467			221,786			(836,146	)		(154,539	)		(131,038	)		(78,923	)		(161,906	)		(139,435	)

	455,657			233,871			3,991,140			4,145,679			832,268			911,191			587,388			726,823
$	481,124		$	455,657		$	3,154,994		$	3,991,140		$	701,230		$	832,268		$	425,482		$	587,388


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		267

STATEMENTS OF CHANGES IN NET ASSETS ($ Thousands)

For the six month period ended March 31, 2020 (Unaudited) and the year ended September 30,



	Small Cap Value Fund						Small Cap Growth Fund						Tax-Managed Small/Mid Cap Fund
	10/01/19 to 03/31/20			2019			10/01/19 to 03/31/20			2019			10/01/19 to 03/31/20			2019
Operations:
Net investment income (loss)	$	2,156		$	4,290		$	(271	)	$	(1,055	)	$	2,328		$	4,909
Net realized gain (loss) from investments, securities sold short, futures contracts, forward foreign currency contracts, options, swaptions and swap contracts		(18,665	)		(8,053	)		(17,103	)		9,239			(16,462	)		23,279
Net realized gain (loss) on foreign currency transactions		—			—			—			—			—			—
Net change in unrealized appreciation (depreciation) on investments, securities sold short, futures contracts, forward foreign currency contracts, options, swaptions and swap contracts		(90,961	)		(33,235	)		(61,025	)		(67,363	)		(208,919	)		(113,986	)
Net change in unrealized appreciation (depreciation) on foreign currency transactions		—			—			—			—			—			—
Net Increase (Decrease) in Net Assets Resulting from Operations		(107,470	)		(36,998	)		(78,399	)		(59,179	)		(223,053	)		(85,798	)
Distributions:
Class F:		(2,006	)		(29,995	)		(10,166	)		(41,646	)		(18,091	)		(63,835	)
Class I:		(11	)		(212	)		(51	)		(251	)		N/A			N/A
Class Y:		(383	)		(4,029	)		(1,146	)		(3,853	)		(2,430	)		(6,755	)
Total Distributions		(2,400	)		(34,236	)		(11,363	)		(45,750	)		(20,521	)		(70,590	)
Capital Share Transactions:⁽¹⁾
Class F:
Proceeds from shares issued		21,895			54,837			21,605			55,306			51,721			102,250
Reinvestment of dividends & distributions		1,854			27,807			9,353			38,613			15,798			56,476
Cost of shares redeemed		(26,986	)		(81,438	)		(34,249	)		(90,200	)		(80,184	)		(151,575	)
Net increase (decrease) from Class F transactions		(3,237	)		1,206			(3,291	)		3,719			(12,665	)		7,151
Class I:
Proceeds from shares issued		269			259			74			233			N/A			N/A
Reinvestment of dividends & distributions		10			193			45			222			N/A			N/A
Cost of shares redeemed		(304	)		(671	)		(190	)		(638	)		N/A			N/A
Net increase (decrease) from Class I transactions		(25	)		(219	)		(71	)		(183	)		N/A			N/A
Class Y:
Proceeds from shares issued		7,134			11,726			1,933			7,975			11,096			28,800
Reinvestment of dividends & distributions		348			3,600			1,059			3,500			2,239			6,186
Cost of shares redeemed		(5,824	)		(4,597	)		(2,469	)		(3,780	)		(11,828	)		(12,313	)
Net increase (decrease) from Class Y transactions		1,658			10,729			523			7,695			1,507			22,673
Increase (Decrease) in Net Assets Derived from Capital Share Transactions		(1,604	)		11,716			(2,839	)		11,231			(11,158	)		29,824
Net Increase (Decrease) in Net Assets		(111,474	)		(59,518	)		(92,601	)		(93,698	)		(254,732	)		(126,564	)
Net Assets
Beginning of period		320,618			380,136			328,562			422,260			869,809			996,373
End of period	$	209,144		$	320,618		$	235,961		$	328,562		$	615,077		$	869,809

(1)	See Note 7 in Notes to Financial Statements for additional information.

N/A — Not applicable. Shares currently not offered.

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

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


268		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020


Mid-Cap Fund								U.S. Managed Volatility Fund								Global Managed Volatility Fund								Tax-Managed Managed Volatility Fund								Tax-Managed International Managed Volatility Fund
10/01/19 to 03/31/20				2019				10/01/19 to 03/31/20				2019				10/01/19 to 03/31/20				2019				10/01/19 to 03/31/20				2019				10/01/19 to 03/31/20				2019

	$	701			$	984			$	17,948			$	34,242			$	7,394			$	21,326			$	9,839			$	17,609			$	2,567			$	9,372

		(449	)			1,422				21,837				52,998				60,156				60,097				6,120				21,499				(8,688	)			(14,157	)
		—				—				(11	)			14				(123	)			(223	)			23				12				(37	)			(168	)

		(26,410	)			(8,125	)			(383,103	)			55,270				(274,967	)			(26,809	)			(190,859	)			32,891				(52,326	)			(5,531	)

		1				—				(171	)			12				26				(134	)			3				(1	)			26				(53	)
		(26,157	)			(5,719	)			(343,500	)			142,536				(207,514	)			54,257				(174,874	)			72,010				(58,458	)			(10,537	)

		(1,869	)			(12,623	)			(34,495	)			(105,056	)			(55,847	)			(101,358	)			(30,232	)			(44,612	)			(9,743	)			(8,199	)
		(12	)			(87	)			(52	)			(135	)			(55	)			(108	)			N/A				N/A				N/A				N/A
		(53	)			(311	)			(37,360	)			(81,972	)			(13,197	)			(20,528	)			(2,787	)			(3,717	)			(1,383	)			(723	)
		(1,934)				(13,021	)			(71,907	)			(187,163	)			(69,099	)			(121,994	)			(33,019	)			(48,329	)			(11,126	)			(8,922	)

		8,536				24,664				110,422				183,689				111,553				211,241				83,919				158,385				46,840				88,055
		1,497				10,607				30,171				92,447				48,789				89,285				26,101				38,922				8,442				7,132
		(18,020	)			(46,408	)			(166,345	)			(258,088	)			(168,374	)			(368,666	)			(149,372	)			(244,162	)			(44,643	)			(99,655	)
		(7,987	)			(11,137	)			(25,752	)			18,048				(8,032	)			(68,140	)			(39,352	)			(46,855	)			10,639				(4,468	)

		32				68				49				99				17				52				N/A				N/A				N/A				N/A
		12				87				52				136				55				107				N/A				N/A				N/A				N/A
		(64	)			(145	)			(53	)			(37	)			(58	)			(262	)			N/A				N/A				N/A				N/A
		(20	)			10				48				198				14				(103	)			N/A				N/A				N/A				N/A

		968				820				261,896				345,664				47,194				58,645				11,065				26,597				15,497				25,853
		51				303				35,861				79,025				12,675				19,814				2,383				3,186				1,164				656
		(1,054	)			(1,079	)			(239,162	)			(177,991	)			(44,625	)			(79,807	)			(11,303	)			(23,512	)			(2,741	)			(8,693	)
		(35	)			44				58,595				246,698				15,244				(1,348	)			2,145				6,271				13,920				17,816
		(8,042	)			(11,083	)			32,891				264,944				7,226				(69,591	)			(37,207	)			(40,584	)			24,559				13,348
		(36,133	)			(29,823	)			(382,516	)			220,317				(269,387	)			(137,328	)			(245,100	)			(16,903	)			(45,025	)			(6,111	)

		105,600				135,423				1,838,132				1,617,815				1,281,941				1,419,269				1,092,519				1,109,422				374,778				380,889
	$	69,467			$	105,600			$	1,455,616			$	1,838,132			$	1,012,554			$	1,281,941			$	847,419			$	1,092,519			$	329,753			$	374,778


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		269

STATEMENTS OF CHANGES IN NET ASSETS ($ Thousands)

For the six month period ended March 31, 2020 (Unaudited) and the year ended September 30,



	Real Estate Fund						Core Fixed Income Fund						High Yield Bond Fund

	10/01/19 to 03/31/20			2019			10/01/19 to 03/31/20			2019			10/01/19 to 03/31/20			2019
Operations:
Net investment income		$ 1,283		$	2,027			$ 48,189		$	112,715			$ 44,901		$	90,754
Net realized gain (loss) from investments, securities sold short, futures contracts, forward foreign currency contracts, options, swaptions and swap contracts		2,865			6,143			93,953			113,650			(9,457	)		(26,555	)
Net realized gain (loss) on foreign currency transactions		—			—			367			89			—			(19	)
Net change in unrealized appreciation (depreciation) on investments, securities sold short, futures contracts, forward foreign currency contracts, options,swaptions and swap contracts		(35,090	)		13,728			(77,286	)		174,981			(235,483	)		668
Net change in unrealized appreciation (depreciation) on foreign currency transactions		—			—			656			(133	)		(7	)		4

Net Increase (Decrease) in Net Assets Resulting from Operations		(30,942	)		21,898			65,879			401,302			(200,046	)		64,852
Distributions:
Class F:		(7,227	)		(7,988	)		(84,074	)		(105,441	)		(47,016	)		(101,351	)
Class I:		(30	)		(38	)		(108	)		(140	)		(330	)		(947	)
Class Y:		(2,743	)		(3,036	)		(10,187	)		(13,099	)		(6,385	)		(12,864	)
Total Distributions		(10,000	)		(11,062	)		(94,369	)		(118,680	)		(53,731	)		(115,162	)
Capital Share Transactions:⁽¹⁾
Class F:
Proceeds from shares issued		10,324			18,959			373,643			645,579			117,433			382,850
Reinvestment of dividends & distributions		6,483			7,205			76,582			96,013			41,796			91,087
Cost of shares redeemed		(23,302	)		(24,304	)		(439,140	)		(839,862	)		(251,861	)		(469,186	)
Net increase (decrease) from Class F transactions		(6,495	)		1,860			11,085			(98,270	)		(92,632	)		4,751
Class I:
Proceeds from shares issued		5			15			140			2,911			64			39,520
Reinvestment of dividends & distributions		31			38			76			90			13			34
Cost of shares redeemed		(2	)		(119	)		(796	)		(4,494	)		(11,412	)		(27,621	)
Net increase (decrease) from Class I transactions		34			(66	)		(580	)		(1,493	)		(11,335	)		11,933
Class Y:
Proceeds from shares issued		3,747			3,410			48,261			93,300			20,992			38,845
Reinvestment of dividends & distributions		2,639			2,928			9,703			12,493			6,140			12,435
Cost of shares redeemed		(10,523	)		(8,443	)		(64,891	)		(88,723	)		(31,295	)		(38,405	)
Net increase (decrease) from Class Y transactions		(4,137	)		(2,105	)		(6,927	)		17,070			(4,163	)		12,875
Increase (Decrease) in Net Assets Derived from Capital Share Transactions		(10,598	)		(311	)		3,578			(82,693	)		(108,130	)		29,559
Net Increase (Decrease) in Net Assets		(51,540	)		10,525			(24,912	)		199,929			(361,907	)		(20,751	)
Net Assets
Beginning of period		141,892			131,367			4,199,900			3,999,971			1,641,874			1,662,625
End of period		$ 90,352		$	141,892			$ 4,174,988		$	4,199,900			$ 1,279,967		$	1,641,874

(1)	See Note 7 in Notes to Financial Statements for additional information.

N/A — Not applicable. Shares currently not offered.

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

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


270		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020


Conservative Income Fund								Tax-Free Conservative Income Fund								Real Return Fund								Dynamic Asset Allocation Fund
10/01/19 to 03/31/20				2019				10/01/19 to 03/31/20				2019				10/01/19 to 03/31/20				2019				10/01/19 to 03/31/20				2019
	$	2,085			$	6,007			$	1,057			$	2,440			$	1,152			$	4,006			$	4,904			$	10,693

		–				3				(12	)			(15	)			174				(963	)			9,280				(1,732	)
		–				–				–				–				–				–				59				133

		(188	)			52				(55	)			9				(595	)			4,672				(109,657	)			4,712

		–				–				–				–				–				–				–				–
		1,897				6,062				990				2,434				731				7,715				(95,414	)			13,806

		(1,879	)			(5,429	)			(894	)			(2,180	)			(732	)			(5,929	)			(12,413	)			(13,354	)
		N/A				N/A				N/A				N/A				N/A				N/A				N/A				N/A
		(186	)			(600	)			(68	)			(265	)			(85	)			(498	)			(929	)			(1,480	)
		(2,065	)			(6,029	)			(962	)			(2,445	)			(817	)			(6,427	)			(13,342	)			(14,834	)

		162,029				206,921				61,215				60,601				41,085				49,003				57,692				111,407
		1,393				3,877				703				1,729				597				4,848				11,597				12,489
		(61,906	)			(191,485	)			(34,920	)			(62,291	)			(32,930	)			(66,483	)			(96,280	)			(196,738	)
		101,516				19,313				26,998				39				8,752				(12,632	)			(26,991	)			(72,842	)

		N/A				N/A				N/A				N/A				N/A				N/A				N/A				N/A
		N/A				N/A				N/A				N/A				N/A				N/A				N/A				N/A
		N/A				N/A				N/A				N/A				N/A				N/A				N/A				N/A
		N/A				N/A				N/A				N/A				N/A				N/A				N/A				N/A

		5,919				12,925				732				24,766				5,166				12,434				7,428				14,041
		177				572				67				263				81				483				911				1,468
		(9,342	)			(17,872	)			(10,754	)			(19,426	)			(5,509	)			(5,418	)			(35,432	)			(23,620	)
		(3,246	)			(4,375	)			(9,955	)			5,603				(262	)			7,499				(27,093	)			(8,111	)
		98,270				14,938				17,043				5,642				8,490				(5,133	)			(54,084	)			(80,953	)
		98,102				14,971				17,071				5,631				8,404				(3,845	)			(162,840	)			(81,981	)

		252,291				237,320				179,095				173,464				251,735				255,580				796,335				878,316
	$	350,393			$	252,291			$	196,166			$	179,095			$	260,139			$	251,735			$	633,495			$	796,335


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		271

STATEMENTS OF CHANGES IN NET ASSETS/CONSOLIDATED STATEMENTS OF CHANGES IN NET ASSETS ($ Thousands)

For the six month period ended March 31, 2020 (Unaudited) and the year ended September 30,


	Multi-Strategy Alternative Fund						Multi-Asset Accumulation Fund						Multi-Asset Income Fund
	10/01/19 to 03/31/20			2019			10/01/19 to 03/31/20			2019			10/01/19 to 03/31/20			2019
Operations:
Net investment income	$	3,593		$	5,974		$	321		$	21,969		$	19,923		$	39,713
Net realized gain (loss) from investments, securities sold short, futures contracts, forward foreign currency contracts, options, swaptions and swap contracts		(11,740	)		(13,928	)		(173,379	)		301,569			(8,179	)		15,982
Net realized gain (loss) on foreign currency transactions		(495	)		(733	)		(11,827	)		(3,420	)		(654	)		(589	)
Capital gain distribution from investment		600			1,408			—			—			—			—
Capital gain distribution from affiliated investment		—			860			—			—			—			—
Net change in unrealized appreciation (depreciation) on investments, securities sold short, futures contracts, forward foreign currency contracts, options, swaptions and swap contracts		(18,897	)		4,876			(26,361	)		(5,582	)		(129,135	)		19,743
Net change in unrealized appreciation (depreciation) on foreign currency transactions		69			(49	)		96			52			(232	)		(48	)
Net Increase (Decrease) in Net Assets Resulting from Operations		(26,870	)		(1,592	)		(211,150	)		314,588			(118,277	)		74,801
Distributions:
Class F:		(4,719	)		(22,445	)		(310,159	)		(77,746	)		(20,234	)		(29,533	)
Class Y:		(113	)		(259	)		(25,800	)		(6,828	)		(4,098	)		(6,182	)
Total Distributions		(4,832	)		(22,704	)		(335,959	)		(84,574	)		(24,332	)		(35,715	)
Capital Share Transactions:⁽¹⁾
Class F:
Proceeds from shares issued		42,072			79,490			202,218			361,262			96,713			148,293
Reinvestment of dividends & distributions		4,272			20,412			285,126			71,475			17,348			25,251
Cost of shares redeemed		(52,149	)		(113,170	)		(311,753	)		(639,447	)		(111,366	)		(205,060	)
Net increase (decrease) from Class F transactions		(5,805	)		(13,268	)		175,591			(206,710	)		2,695			(31,516	)
Class Y:
Proceeds from shares issued		733			6,056			23,453			37,011			18,706			26,223
Reinvestment of dividends & distributions		105			248			25,402			6,790			3,953			6,071
Cost of shares redeemed		(1,983	)		(2,300	)		(51,535	)		(70,103	)		(18,168	)		(52,483	)
Net increase (decrease) from Class Y transactions		(1,145	)		4,004			(2,680	)		(26,302	)		4,491			(20,189	)
Increase (Decrease) in Net Assets Derived from Capital Share Transactions		(6,950	)		(9,264	)		172,911			(233,012	)		7,186			(51,705	)
Net Increase (Decrease) in Net Assets		(38,652	)		(33,560	)		(374,198	)		(2,998	)		(135,423	)		(12,619	)
Net Assets
Beginning of period		481,950			515,510			2,880,438			2,883,436			977,832			990,451
End of period	$	443,298		$	481,950		$	2,506,240		$	2,880,438		$	842,409		$	977,832

(1)	See Note 7 in Notes to Financial Statements for additional information.

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

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


272		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020


Multi-Asset Inflation Managed Fund						Multi-Asset Capital Stability Fund
10/01/19 to 03/31/20			2019			10/01/19 to 03/31/20			2019

$	5,708		$	14,581		$	3,181		$	10,484

	(10,694	)		(40,740	)		(4,740	)		12,578
	297			255			(1,694	)		1,013
	—			—			—			—
	—			—			—			—

	(67,453	)		20,224			(78	)		3,473

	(9	)		(10	)		824			(7	)
	(72,151	)		(5,690	)		(2,507	)		27,541

	(12,032	)		(14,874	)		(24,500	)		(3,555	)
	(920	)		(1,199	)		(1,745	)		(268	)
	(12,952	)		(16,073	)		(26,245	)		(3,823	)

	77,484			132,517			134,249			155,874
	11,038			13,675			19,404			2,824
	(86,042	)		(187,767	)		(98,512	)		(178,960	)
	2,480			(41,575	)		55,141			(20,262	)

	4,465			12,906			4,147			10,967
	899			1,168			1,705			267
	(11,865	)		(20,431	)		(8,759	)		(9,643	)
	(6,501	)		(6,357	)		(2,907	)		1,591
	(4,021	)		(47,932	)		52,234			(18,671	)
	(89,124	)		(69,695	)		23,482			5,047

	854,308			924,003			732,710			727,663
$	765,184		$	854,308		$	756,192		$	732,710


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		273

CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) ($ Thousands)

For the six months ended March 31, 2020


	Multi-Asset Inflation Managed Fund
Cash Flows from Operating Activities:

Net Decrease in Net Assets from Operations	$	(72,151)

Adjustments to Reconcile Net Increase in Net Assets Resulting from Operations to Net Cash Used in Operating Activities:

Purchase of Investment Securities		(526,510)

Proceeds from Disposition of Investment Securities		556,764

Proceeds from Securities Sold Short		8,456

Purchases to Cover Securities Sold Short		(16,874)

Purchased Options/Purchases to Cover Written Options		(247)

Proceeds from Sale of Options/Expired Options		(30)

Amortization (Accretion of Market Discount)		(2,788)

Net Realized (Gain) Loss on:

Investments and Securities Sold Short		(1,014)

Options		186

Net Change in Unrealized (Appreciation) Depreciation on:

Investments and Securities Sold Short		46,276

Options		(16)

Changes in Assets:

Cash Collateral on Swaps		(3,816)

Cash Collateral on Futures		(3,040)

Foreign Currency, at Value		27

Receivable for Investment Securities Sold		6,003

Dividends and Interest Receivable		163

OTC Swaptions, at value		(445)

OTC Swap Contracts., at Value		(1,046)

Unrealized Loss on forward foreign currency contracts		(1,753)

Receivable for Variation Margin		(3,737)

Foreign Tax Reclaim receivable		(39)

Prepaid Expenses		(5)

Changes in Liabilities:

Administration Fees Payable		(2)

Shareholder Servicing Fees Payable		(7)

Payable for Investment Securities Purchased		(3,459)

OTC Swap Contracts, at Value		3,419

OTC Swaptions, at Value		350

Payable for Variation Margin		1,750

Investment Advisory Fees Payable		(11)

Due to Broker		590

Unrealized Gain on Forward Foreign Currency Contracts		20

Unrealized Loss on Foreign Currency Spot Contracts		(4)

Overdraft of Foreign Currency, at Value		297

Interest payable		(4)

Accrued Expenses Payable		(364)

Net Cash Provided by Operating Activities		(13,061)
Cash Flows from Financing Activities

Reverse Repurchase Agreements		77,339

Dividends and Distributions		(12,952)

Proceeds from Shares Issued		82,095

Reinvestment of Dividends and Distributions		11,937

Cost of Shares Redeemed		(97,602)

Net Cash Provided by Financing Activities		60,817

Net Change in Cash		47,756

Cash at Beginning of Period	$	117,567

Cash at End of Period	$	165,323

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


274		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

FINANCIAL HIGHLIGHTS

For the period ended March 31, 2020 (Unaudited) and the years or periods 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^†
Large Cap Fund
Class F
2020@	$	13.94	$	0.09	$	(2.21	)	$	(2.12	)	$	(0.10	)	$	(0.86	)	$	(0.96	)	$	10.86		(16.78	)%	$	1,655,868		0.89	%		0.89	%		0.95	%		1.30	%		34	%
2019		15.92		0.19		(0.22	)		(0.03	)		(0.18	)		(1.77	)		(1.95	)		13.94		1.17			2,158,883		0.89			0.89			0.95			1.37			72
2018		14.65		0.13		2.22			2.35			(0.12	)		(0.96	)		(1.08	)		15.92		16.80			2,439,320		0.89			0.89			0.94			0.87			80
2017		12.54		0.12		2.11			2.23			(0.12	)		—			(0.12	)		14.65		17.88			2,362,180		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	⁽²⁾		0.91	⁽²⁾		0.99	⁽²⁾		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
Class Y
2020@	$	13.95	$	0.11	$	(2.22	)	$	(2.11	)	$	(0.11	)	$	(0.86	)	$	(0.97	)	$	10.87		(16.67	)%	$	100,522		0.64	%		0.64	%		0.70	%		1.55	%		34	%
2019		15.93		0.22		(0.22	)		—			(0.21	)		(1.77	)		(1.98	)		13.95		1.44			131,736		0.64			0.64			0.70			1.62			72
2018		14.66		0.17		2.22			2.39			(0.16	)		(0.96	)		(1.12	)		15.93		17.08			137,136		0.64			0.64			0.69			1.11			80
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	⁽²⁾		0.66	⁽²⁾		0.74	⁽²⁾		1.26			68
2015⁽³⁾		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
2020@	$	23.25	$	0.25	$	(5.78	)	$	(5.53	)	$	(0.22	)	$	(0.43	)	$	(0.65	)	$	17.07		(24.59	)%	$	858,044		0.89	%		0.89	%		0.93	%		2.17	%		29	%
2019		26.21		0.50		(0.92	)		(0.42	)		(0.48	)		(2.06	)		(2.54	)		23.25		(0.91	)		1,190,700		0.89			0.89			0.93			2.17			52
2018		24.70		0.39		2.39			2.78			(0.37	)		(0.90	)		(1.27	)		26.21		11.54			1,285,571		0.89			0.89			0.93			1.51			83
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	⁽²⁾		0.91	⁽²⁾		0.95	⁽²⁾		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
Class I
2020@	$	23.27	$	0.22	$	(5.78	)	$	(5.56	)	$	(0.19	)	$	(0.43	)	$	(0.62	)	$	17.09		(24.65	)%	$	2,048		1.11	%		1.11	%		1.18	%		1.94	%		29	%
2019		26.23		0.45		(0.93	)		(0.48	)		(0.42	)		(2.06	)		(2.48	)		23.27		(1.14	)		3,042		1.11			1.11			1.18			1.95			52
2018		24.71		0.33		2.40			2.73			(0.31	)		(0.90	)		(1.21	)		26.23		11.30			4,427		1.11			1.11			1.18			1.29			83
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	⁽²⁾		1.13	⁽²⁾		1.20	⁽²⁾		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
Class Y
2020@	$	23.26	$	0.28	$	(5.79	)	$	(5.51	)	$	(0.25	)	$	(0.43	)	$	(0.68	)	$	17.07		(24.53	)%	$	113,479		0.64	%		0.64	%		0.68	%		2.42	%		29	%
2019		26.21		0.55		(0.91	)		(0.36	)		(0.53	)		(2.06	)		(2.59	)		23.26		(0.62	)		150,772		0.64			0.64			0.69			2.41			52
2018		24.70		0.45		2.40			2.85			(0.44	)		(0.90	)		(1.34	)		26.21		11.82			141,700		0.64			0.64			0.68			1.77			83
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⁽⁴⁾		23.90		0.35		0.16			0.51			(0.25	)		(2.95	)		(3.20	)		21.21		2.88			22,004		0.66	⁽²⁾		0.66	⁽²⁾		0.70	⁽²⁾		1.89			70

^†	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.

@	For the six-month period ended March 31, 2020. All ratios for the period have been annualized.

(1)	Per share net investment income and net realized and unrealized gains (losses) calculated using average shares.

(2)	The expense ratio includes proxy expenses outside of the cap.

(3)	Commenced operations on December 31, 2014. All ratios for the period have been annualized.

(4)	Commenced operations on October 30, 2015. All ratios for the period have been annualized.

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

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


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		275

FINANCIAL HIGHLIGHTS

For the period ended March 31, 2020 (Unaudited) and the years or periods 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^†
Large Cap Growth Fund
Class F
2020@	$	35.79	$	0.05		$	(1.79	)	$	(1.74	)	$	(0.06	)	$	(2.09	)	$	(2.15	)	$	31.90		(5.61	)%	$	1,136,463		0.89	%		0.89	%		0.98	%		0.29	%		26	%
2019		39.89		0.13			0.22			0.35			(0.12	)		(4.33	)		(4.45	)		35.79		2.43			1,314,152		0.89			0.89			0.98			0.36			88
2018		34.72		0.06			8.03			8.09			(0.05	)		(2.87	)		(2.92	)		39.89		24.74			1,416,472		0.89			0.89			0.98			0.16			75
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	⁽²⁾		0.91	⁽²⁾		1.00	⁽²⁾		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
Class I
2020@	$	34.86	$	0.01		$	(1.73	)	$	(1.72	)	$	(0.04	)	$	(2.09	)	$	(2.13	)	$	31.01		(5.72	)%	$	2,195		1.11	%		1.11	%		1.23	%		0.07	%		26	%
2019		38.96		0.05			0.21			0.26			(0.03	)		(4.33	)		(4.36	)		34.86		2.22			2,643		1.11			1.11			1.16			0.14			88
2018		34.02		(0.02	)		7.84			7.82			(0.01	)		(2.87	)		(2.88	)		38.96		24.42			3,863		1.11			1.11			1.23			(0.06	)		75
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	⁽²⁾		1.13	⁽²⁾		1.25	⁽²⁾		(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
Class Y
2020@	$	35.84	$	0.10		$	(1.79	)	$	(1.69	)	$	(0.11	)	$	(2.09	)	$	(2.20	)	$	31.95		(5.49	)%	$	143,294		0.64	%		0.64	%		0.73	%		0.54	%		26	%
2019		39.96		0.21			0.24			0.45			(0.24	)		(4.33	)		(4.57	)		35.84		2.70			157,270		0.64			0.64			0.73			0.60			88
2018		34.76		0.15			8.04			8.19			(0.12	)		(2.87	)		(2.99	)		39.96		25.04			139,001		0.64			0.64			0.73			0.41			75
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⁽³⁾		34.91		0.07			0.36			0.43			(0.03	)		(5.51	)		(5.54	)		29.80		1.58			20,481		0.66	⁽²⁾		0.66	⁽²⁾		0.75	⁽²⁾		0.25			93
Large Cap Index Fund
Class F
2020@	$	10.54	$	0.09		$	(1.45	)	$	(1.36	)	$	(0.08	)	$	(0.02	)	$	(0.10	)	$	9.08		(13.06	)%	$	481,124		0.25	%		0.25	%		0.64	%		1.72	%		3	%
2019		10.37		0.18			0.18			0.36			(0.17	)		(0.02	)		(0.19	)		10.54		3.61			455,657		0.25			0.25			0.65			1.81			6
2018⁽⁴⁾		10.00		0.13			0.31			0.44			(0.07	)		—			(0.07	)		10.37		4.47	^‡		233,871		0.25			0.25			0.64			1.93			6
Tax-Managed Large Cap Fund
Class F
2020@	$	27.53	$	0.17		$	(3.82	)	$	(3.65	)	$	(0.17	)	$	(2.04	)	$	(2.21		$	21.67		(14.88	)%	$	2,814,982		0.89	%		0.89	%		0.90	%		1.28	%		20	%
2019		27.66		0.31			0.04			0.35			(0.30	)		(0.18	)		(0.48	)		27.53		1.42			3,543,245		0.89			0.89			0.91			1.20			54
2018		24.11		0.22			3.83			4.05			(0.20	)		(0.30	)		(0.50	)		27.66		16.99			3,773,973		0.89			0.89			0.90			0.84			44
2017		20.74		0.18			3.37			3.55			(0.18	)		—			(0.18	)		24.11		17.19			3,385,550		0.90	⁽⁵⁾		0.90	⁽⁵⁾		0.94	⁽⁵⁾		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	⁽²⁾		0.91	⁽²⁾		1.00	⁽²⁾		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
Class Y
2020@	$	27.54	$	0.21		$	(3.82	)	$	(3.61	)	$	(0.21	)	$	(2.04	)	$	(2.25	)	$	21.68		(14.77	)%	$	340,012		0.64	%		0.64	%		0.65	%		1.53	%		20	%
2019		27.67		0.38			0.04			0.42			(0.37	)		(0.18	)		(0.55	)		27.54		1.67			447,895		0.64			0.64			0.66			1.46			54
2018		24.13		0.28			3.82			4.10			(0.26	)		(0.30	)		(0.56	)		27.67		17.22			371,706		0.64			0.64			0.65			1.08			44
2017		20.75		0.24			3.37			3.61			(0.23	)		—			(0.23	)		24.13		17.52			317,822		0.65	⁽⁵⁾		0.65	⁽⁵⁾		0.69	⁽⁵⁾		1.07			88
2016		19.13		0.24			1.61			1.85			(0.23	)		—			(0.23	)		20.75		9.75			198,095		0.66	⁽²⁾		0.66	⁽²⁾		0.75	⁽²⁾		1.20			89
2015⁽⁶⁾		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

^†	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 contribution from SIMC. Without the cash contribution, the Fund’s return would have been 4.26% (See Note 6 in the Notes to Financial Statements).

@	For the six-month period ended March 31, 2020. All ratios for the period have been annualized.

(1)	Per share net investment income and net realized and unrealized gains (losses) calculated using average shares.

(2)	The expense ratio includes proxy expenses outside of the cap.

(3)	Commenced operations on October 30, 2015. All ratios for the period have been annualized.

(4)	Commenced operations on January 31, 2018. 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 either $0 or have been rounded to $0.

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


276		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

FINANCIAL HIGHLIGHTS

For the period ended March 31, 2020 (Unaudited) and the years or periods 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^†
S&P 500 Index Fund
Class F
2020@	$	69.00	$	0.64		$	(8.77	)	$	(8.13	)	$	(0.58	)	$	(2.05	)	$	(2.63	)	$	58.24		(12.44	)%	$	697,565		0.25	%		0.25	%		0.53	%		1.82	%		8	%
2019		68.94		1.24			1.29			2.53			(1.23	)		(1.24	)		(2.47	)		69.00		4.07			826,946		0.25			0.25			0.54			1.90			11
2018⁽²⁾		60.22		1.20			9.19			10.39			(1.13	)		(0.54	)		(1.67	)		68.94		17.53			904,819		0.29			0.29			0.55			1.85			17
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	⁽³⁾		0.45	⁽³⁾		0.57	⁽³⁾		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
Class I
2020@	$	69.39	$	0.50		$	(8.82	)	$	(8.32	)	$	(0.44	)	$	(2.05	)	$	(2.49	)	$	58.58		(12.63	)%	$	3,665		0.65	%		0.65	%		0.78	%		1.42	%		8	%
2019		69.31		0.98			1.30			2.28			(0.96	)		(1.24	)		(2.20	)		69.39		3.66			5,322		0.65			0.65			0.79			1.49			11
2018⁽²⁾		60.56		0.92			9.30			10.22			(0.93	)		(0.54	)		(1.47	)		69.31		17.13			6,372		0.65			0.65			0.80			1.43			17
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	⁽³⁾		0.67	⁽³⁾		0.82	⁽³⁾		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
Small Cap Fund
Class F
2020@	$	11.05	$	0.02		$	(2.86	)	$	(2.84	)	$	(0.01	)	$	—		$	(0.01	)	$	8.20		(25.73	)%	$	400,982		1.14	%		1.14	%		1.23	%		0.30	%		73	%
2019		14.28		0.01			(1.67	)		(1.66	)		(0.01	)		(1.56	)		(1.57	)		11.05		(10.85	)		554,260		1.14			1.14			1.24			0.11			116
2018		13.25		(0.02	)		1.97			1.95			—			(0.92	)		(0.92	)		14.28		15.56			690,400		1.14			1.14			1.24			(0.17	)		162
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	⁽³⁾		1.16	⁽³⁾		1.26	⁽³⁾		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
Class Y
2020@	$	11.15	$	0.03		$	(2.88	)	$	(2.85	)	$	(0.02	)	$	—		$	(0.02	)	$	8.28		(25.58	)%	$	24,500		0.89	%		0.89	%		0.98	%		0.55	%		73	%
2019		14.38		0.04			(1.69	)		(1.65	)		(0.02	)		(1.56	)		(1.58	)		11.15		(10.66	)		33,128		0.89			0.89			0.99			0.36			116
2018		13.31		0.01			1.98			1.99			—*			(0.92	)		(0.92	)		14.38		15.83			36,423		0.89			0.89			0.99			0.07			162
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	⁽³⁾		0.91	⁽³⁾		1.01	⁽³⁾		0.28			104
2015⁽⁴⁾		12.89		0.01			(0.89	)		(0.88	)		—			—			—			12.01		(6.83	)		32,810		0.89			0.89			0.98			0.11			137

^†	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.

*	Amount represents less than $0.01 per share.

@	For the six-month period ended March 31, 2020. All ratios for the period have been annualized.

(1)	Per share net investment income and net realized and unrealized gains (losses) calculated using average shares.

(2)	On April 20, 2018, the Class Y shares and Class E shares were converted to Class F shares. The performance and financial history shown of the class is solely that of the fund’s Class F shares.

(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.

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

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


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		277

FINANCIAL HIGHLIGHTS

For the period ended March 31, 2020 (Unaudited) and the years or periods 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^†
Small Cap Value Fund
Class F
2020@	$	20.60	$	0.14		$	(7.08	)	$	(6.94	)	$	(0.15	)	$	—		$	(0.15	)	$	13.51		(33.95	)%	$	177,904		1.14	%		1.14	%		1.23	%		1.33	%		34	%
2019		25.54		0.27			(2.86	)		(2.59	)		(0.25	)		(2.10	)		(2.35	)		20.60		(9.62	)		274,660		1.14			1.14			1.24			1.30			74
2018		26.16		0.17			1.53			1.70			(0.17	)		(2.15	)		(2.32	)		25.54		6.81			336,361		1.14			1.14			1.24			0.68			132
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	⁽²⁾		1.17	⁽²⁾		1.26	⁽²⁾		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
Class I
2020@	$	20.39	$	0.11		$	(7.00	)	$	(6.89	)	$	(0.13	)	$	—		$	(0.13	)	$	13.37		(34.03	)%	$	1,115		1.36	%		1.36	%		1.48	%		1.12	%		34	%
2019		25.31		0.22			(2.84	)		(2.62	)		(0.20	)		(2.10	)		(2.30	)		20.39		(9.83	)		1,703		1.36			1.36			1.49			1.07			74
2018		25.94		0.12			1.51			1.63			(0.11	)		(2.15	)		(2.26	)		25.31		6.59			2,354		1.36			1.36			1.49			0.46			132
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	⁽²⁾		1.39	⁽²⁾		1.51	⁽²⁾		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
Class Y
2020@	$	20.61	$	0.16		$	(7.07	)	$	(6.91	)	$	(0.18	)	$	—		$	(0.18	)	$	13.52		(33.85	)%	$	30,125		0.89	%		0.89	%		0.98	%		1.59	%		34	%
2019		25.56		0.33			(2.87	)		(2.54	)		(0.31	)		(2.10	)		(2.41	)		20.61		(9.42	)		44,255		0.89			0.89			0.99			1.55			74
2018		26.18		0.24			1.52			1.76			(0.23	)		(2.15	)		(2.38	)		25.56		7.07			41,421		0.89			0.88			0.99			0.94			132
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⁽³⁾		22.95		0.18			1.09			1.27			(0.15	)		(1.31	)		(1.46	)		22.76		6.04			7,207		0.92	⁽²⁾		0.92	⁽²⁾		1.02	⁽²⁾		0.91			87
Small Cap Growth Fund
Class F
2020@	$	31.88	$	(0.03	)	$	(7.49	)	$	(7.52	)	$	—		$	(1.12	)	$	(1.12	)	$	23.24		(24.66	)%	$	210,364		1.11	%		1.11	%		1.23	%		(0.19	)%		77	%
2019		42.96		(0.11	)		(6.04	)		(6.15	)		—			(4.93	)		(4.93	)		31.88		(13.89	)		293,814		1.11			1.11			1.24			(0.33	)		172
2018		34.42		(0.20	)		8.86			8.66			—			(0.12	)		(0.12	)		42.96		25.25			386,055		1.11			1.11			1.24			(0.53	)		168
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	⁽²⁾		1.14	⁽²⁾		1.26	⁽²⁾		(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
Class I
2020@	$	30.29	$	(0.07	)	$	(7.08	)	$	(7.15	)	$	—		$	(1.12	)	$	(1.12	)	$	22.02		(24.74	)%	$	969		1.36	%		1.36	%		1.48	%		(0.44	)%		77	%
2019		41.21		(0.19	)		(5.80	)		(5.99	)		—			(4.93	)		(4.93	)		30.29		(14.13	)		1,408		1.36			1.36			1.49			(0.59	)		172
2018		33.11		(0.28	)		8.50			8.22			—			(0.12	)		(0.12	)		41.21		24.92			2,127		1.36			1.36			1.49			(0.79	)		168
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	⁽²⁾		1.39	⁽²⁾		1.51	⁽²⁾		(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
Class Y
2020@	$	32.23	$	0.01		$	(7.58	)	$	(7.57	)	$	—		$	(1.12	)	$	(1.12	)	$	23.54		(24.55	)%	$	24,628		0.86	%		0.86	%		0.98	%		0.06	%		77	%
2019		43.27		(0.03	)		(6.08	)		(6.11	)		—			(4.93	)		(4.93	)		32.23		(13.68	)		33,340		0.86			0.86			0.99			(0.08	)		172
2018		34.59		(0.11	)		8.91			8.80			—			(0.12	)		(0.12	)		43.27		25.56			34,078		0.86			0.86			0.99			(0.28	)		168
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⁽³⁾		27.72		(0.02	)		1.23			1.21			—			—			—			28.93		4.37			7,243		0.89	⁽²⁾		0.89	⁽²⁾		1.01	⁽²⁾		(0.08	)		124

^†	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.

@	For the six-month period ended March 31, 2020. All ratios for the period have been annualized.

(1)	Per share net investment income and net realized and unrealized gains (losses) calculated using average shares.

(2)	The expense ratio includes proxy expenses outside of the cap.

(3)	Commenced operations on October 30, 2015. All ratios for the period have been annualized.

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

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


278		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

FINANCIAL HIGHLIGHTS

For the period ended March 31, 2020 (Unaudited) and the years or periods 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^†
Tax-Managed Small/Mid Cap Fund
Class F
2020@	$	21.04	$	0.05	$	(5.38	)	$	(5.33	)	$	(0.06	)	$	(0.44	)	$	(0.50	)	$	15.21		(26.05	)%	$	542,877		1.11	%		1.11	%		1.23	%		0.51	%		46	%
2019		25.02		0.11		(2.32	)		(2.21	)		(0.10	)		(1.67	)		(1.77	)		21.04		(8.27	)		771,375		1.11			1.11			1.23			0.54			115
2018		22.09		0.02		3.34			3.36			(0.02	)		(0.41	)		(0.43	)		25.02		15.38			907,519		1.11			1.11			1.23			0.07			186
2017		18.97		0.03		3.17			3.20			(0.08	)		—			(0.08	)		22.09		16.91			782,449		1.11	⁽²⁾		1.11	⁽²⁾		1.24	⁽²⁾		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
Class Y
2020@	$	21.06	$	0.08	$	(5.39	)	$	(5.31	)	$	(0.08	)	$	(0.44	)	$	(0.52	)	$	15.23		(25.95	)%	$	72,200		0.89	%		0.89	%		0.98	%		0.74	%		46	%
2019		25.07		0.16		(2.34	)		(2.18	)		(0.16	)		(1.67	)		(1.83	)		21.06		(8.12	)		98,434		0.89			0.89			0.99			0.77			115
2018		22.11		0.07		3.35			3.42			(0.05	)		(0.41	)		(0.46	)		25.07		15.69			88,854		0.89			0.89			0.98			0.29			186
2017		18.98		0.07		3.17			3.24			(0.11	)		—			(0.11	)		22.11		17.14			75,183		0.90	⁽²⁾		0.90	⁽²⁾		0.99	⁽²⁾		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⁽⁴⁾		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
Mid-Cap Fund
Class F
2020@	$	24.94	$	0.17	$	(6.41	)	$	(6.24	)	$	(0.13	)	$	(0.34	)	$	(0.47	)	$	18.23		(25.59	)%	$	67,108		0.98	%		0.98	%		0.98	%		1.36	%		37	%
2019		29.13		0.22		(1.43	)		(1.21	)		(0.20	)		(2.78	)		(2.98	)		24.94		(3.10	)		102,280		0.98			0.98			0.99			0.89			99
2018		27.81		0.19		3.37			3.56			(0.21	)		(2.03	)		(2.24	)		29.13		13.41			131,640		0.98			0.98			0.99			0.66			99
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
Class I
2020@	$	24.91	$	0.14	$	(6.41	)	$	(6.27	)	$	(0.10	)	$	(0.34	)	$	(0.44	)	$	18.20		(25.70	)%	$	508		1.20	%		1.20	%		1.23	%		1.16	%		37	%
2019		29.09		0.16		(1.41	)		(1.25	)		(0.15	)		(2.78	)		(2.93	)		24.91		(3.27	)		716		1.20			1.20			1.24			0.66			99
2018		27.78		0.12		3.36			3.48			(0.14	)		(2.03	)		(2.17	)		29.09		13.11			821		1.20			1.21			1.24			0.42			99
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
Class Y
2020@	$	24.96	$	0.20	$	(6.41	)	$	(6.21	)	$	(0.16	)	$	(0.34	)	$	(0.50	)	$	18.25		(25.48	)%	$	1,851		0.73	%		0.73	%		0.73	%		1.61	%		37	%
2019		29.15		0.28		(1.42	)		(1.14	)		(0.27	)		(2.78	)		(3.05	)		24.96		(2.85	)		2,604		0.73			0.73			0.74			1.14			99
2018		27.83		0.26		3.37			3.63			(0.28	)		(2.03	)		(2.31	)		29.15		13.68			2,962		0.73			0.74			0.74			0.92			99
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⁽⁵⁾		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

^†	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.

@	For the six-month period ended March 31, 2020. All ratios for the period have been annualized.

(1)	Per share net investment income and net realized and unrealized gains (losses) calculated using average shares.

(2)	The expense ratio includes litigation expenses outside the cap.

(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 either $0 or have been rounded to $0.

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


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		279

FINANCIAL HIGHLIGHTS

For the period ended March 31, 2020 (Unaudited) and the years or periods 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^†
U.S. Managed Volatility Fund
Class F
2020@	$	17.78	$	0.16	$	(3.40	)	$	(3.24	)	$	(0.16	)	$	(0.53	)	$	(0.69	)	$	13.85		(19.11	)%	$	689,637		0.90	%		0.90	%		1.22	%		1.82	%		33	%
2019		18.69		0.32		0.91			1.23			(0.31	)		(1.83	)		(2.14	)		17.78		7.89			914,612		0.93			0.93			1.23			1.89			44
2018		18.26		0.26		1.80			2.06			(0.27	)		(1.36	)		(1.63	)		18.69		11.83			934,551		0.97			0.97			1.23			1.44			72
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	⁽²⁾		1.02	⁽²⁾		1.25	⁽²⁾		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
Class I
2020@	$	17.78	$	0.14	$	(3.41	)	$	(3.27	)	$	(0.14	)	$	(0.53	)	$	(0.67	)	$	13.84		(19.26	)%	$	1,084		1.15	%		1.15	%		1.47	%		1.58	%		33	%
2019		18.69		0.28		0.91			1.19			(0.27	)		(1.83	)		(2.10	)		17.78		7.62			1,345		1.18			1.18			1.48			1.64			44
2018		18.26		0.21		1.80			2.01			(0.22	)		(1.36	)		(1.58	)		18.69		11.55			1,183		1.22			1.22			1.48			1.18			72
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	⁽²⁾		1.27	⁽²⁾		1.50	⁽²⁾		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
Class Y
2020@	$	17.79	$	0.18	$	(3.40	)	$	(3.22	)	$	(0.18	)	$	(0.53	)	$	(0.71	)	$	13.86		(19.00	)%	$	764,895		0.65	%		0.65	%		0.97	%		2.08	%		33	%
2019		18.70		0.37		0.91			1.28			(0.36	)		(1.83	)		(2.19	)		17.79		8.16			922,175		0.68			0.68			0.98			2.15			44
2018		18.27		0.30		1.80			2.10			(0.31	)		(1.36	)		(1.67	)		18.70		12.11			682,081		0.72			0.72			0.98			1.68			72
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	⁽²⁾		0.77	⁽²⁾		1.00	⁽²⁾		1.78			43
2015⁽³⁾		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
Global Managed Volatility Fund
Class F
2020@	$	11.46	$	0.06	$	(1.83	)	$	(1.77	)	$	(0.28	)	$	(0.33	)	$	(0.61	)	$	9.08		(16.47	)%	$	827,971		1.11	%		1.11	%		1.24	%		1.12	%		30	%
2019		12.08		0.18		0.26			0.44			(0.29	)		(0.77	)		(1.06	)		11.46		4.75			1,060,614		1.11			1.11			1.24			1.61			66
2018		11.97		0.17		0.77			0.94			(0.18	)		(0.65	)		(0.83	)		12.08		8.12			1,184,336		1.11			1.11			1.24			1.46			55
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	⁽²⁾		1.13	⁽²⁾		1.25	⁽²⁾		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
Class I
2020@	$	11.19	$	0.05	$	(1.79	)	$	(1.74	)	$	(0.25	)	$	(0.33	)	$	(0.58	)	$	8.87		(16.56	)%	$	853		1.36	%		1.36	%		1.49	%		0.88	%		30	%
2019		11.82		0.15		0.25			0.40			(0.26	)		(0.77	)		(1.03	)		11.19		4.45			1,067		1.36			1.36			1.49			1.36			66
2018		11.73		0.14		0.75			0.89			(0.15	)		(0.65	)		(0.80	)		11.82		7.87			1,225		1.36			1.36			1.49			1.19			55
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	⁽²⁾		1.38	⁽²⁾		1.51	⁽²⁾		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
Class Y
2020@	$	11.49	$	0.08	$	(1.84	)	$	(1.76	)	$	(0.30	)	$	(0.33	)	$	(0.63	)	$	9.10		(16.31	)%	$	183,730		0.86	%		0.86	%		0.99	%		1.39	%		30	%
2019		12.12		0.21		0.25			0.46			(0.32	)		(0.77	)		(1.09	)		11.49		4.95			220,260		0.86			0.86			0.99			1.86			66
2018		12.00		0.20		0.78			0.98			(0.21	)		(0.65	)		(0.86	)		12.12		8.46			233,708		0.86			0.86			0.99			1.74			55
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	⁽²⁾		0.88	⁽²⁾		1.01	⁽²⁾		1.86			58
2015⁽³⁾		10.73		0.19		(0.07	)		0.12			—			—			—			10.85		1.12			94,522		0.86			0.86			0.99			2.23			52

^†	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.

@	For the six-month period ended March 31, 2020. All ratios for the period have been annualized.

(1)	Per share net investment income and net realized and unrealized gains (losses) calculated using average shares.

(2)	The expense ratio includes proxy expenses outside of the cap.

(3)	Commenced operations on December 31, 2014. All ratios for the period have been annualized.

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

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


280		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

FINANCIAL HIGHLIGHTS

For the period ended March 31, 2020 (Unaudited) and the years or periods 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^†
Tax-Managed Managed Volatility Fund
Class F
2020@	$	17.61	$	0.16		$	(2.91	)	$	(2.75	)	$	(0.12	)	$	(0.42	)	$	(0.54	)	$	14.32		(16.21	)%	$	774,519		1.00	%		1.00	%		1.22	%		1.80	%		10	%
2019		17.22		0.27			0.88			1.15			(0.27	)		(0.49	)		(0.76	)		17.61		7.16			1,004,802		1.00			1.00			1.23			1.65			29
2018		15.96		0.21			1.70			1.91			(0.22	)		(0.43	)		(0.65	)		17.22		12.26			1,030,813		1.00			1.00			1.23			1.31			24
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	⁽²⁾		1.02	⁽²⁾		1.25	⁽²⁾		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
Class Y
2020@	$	17.62	$	0.18		$	(2.91	)	$	(2.73	)	$	(0.14	)	$	(0.42	)	$	(0.56	)	$	14.33		(16.10	)%	$	72,900		0.75	%		0.75	%		0.97	%		2.05	%		10	%
2019		17.23		0.31			0.88			1.19			(0.31	)		(0.49	)		(0.80	)		17.62		7.42			87,717		0.75			0.75			0.99			1.88			29
2018		15.96		0.26			1.70			1.96			(0.26	)		(0.43	)		(0.69	)		17.23		12.60			78,609		0.75			0.75			0.99			1.56			24
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	⁽²⁾		0.77	⁽²⁾		1.01	⁽²⁾		1.81			32
2015⁽³⁾		14.25		0.11			(0.42	)⁽⁴⁾		(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
2020@	$	10.77	$	0.07		$	(1.65	)	$	(1.58	)	$	(0.32	)	$	—		$	(0.32	)	$	8.87		(15.30	)%	$	281,755		1.11	%		1.11	%		1.39	%		1.30	%		34	%
2019		11.38		0.27			(0.61	)		(0.34	)		(0.27	)		—			(0.27	)		10.77		(2.76	)		331,996		1.11			1.11			1.40			2.54			55
2018		11.56		0.26			(0.15	)		0.11			(0.29	)		—			(0.29	)		11.38		0.93			355,027		1.11			1.11			1.40			2.21			54
2017⁽⁵⁾		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
2020@	$	10.79	$	0.09		$	(1.66	)	$	(1.57	)	$	(0.34	)	$	—		$	(0.34	)	$	8.88		(15.17	)%	$	47,998		0.86	%		0.86	%		1.14	%		1.70	%		34	%
2019		11.40		0.32			(0.63	)		(0.31	)		(0.30	)		—			(0.30	)		10.79		(2.47	)		42,782		0.86			0.86			1.15			3.05			55
2018		11.58		0.30			(0.16	)		0.14			(0.32	)		—			(0.32	)		11.40		1.16			25,862		0.86			0.86			1.15			2.60			54
2017⁽⁵⁾		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
Real Estate Fund
Class F
2020@	$	17.24	$	0.15		$	(3.99	)	$	(3.84	)	$	(0.14	)	$	(1.12	)	$	(1.26	)	$	12.14		(23.79	)%	$	68,759		1.14	%		1.14	%		1.22	%		1.92	%		64	%
2019		16.06		0.23			2.31			2.54			(0.21	)		(1.15	)		(1.36	)		17.24		17.28			104,562		1.14			1.14			1.24			1.47			71
2018		17.15		0.24			0.62			0.86			(0.23	)		(1.72	)		(1.95	)		16.06		5.04			94,715		1.14			1.14			1.24			1.27			103
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	⁽²⁾		1.16	⁽²⁾		1.25	⁽²⁾		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
Class I
2020@	$	17.20	$	0.14		$	(3.98	)	$	(3.84	)	$	(0.12	)	$	(1.12	)	$	(1.24	)	$	12.12		(23.81	)%	$	323		1.36	%		1.36	%		1.47	%		1.77	%		64	%
2019		16.03		0.21			2.29			2.50			(0.18	)		(1.15	)		(1.33	)		17.20		17.06			420		1.36			1.36			1.48			1.33			71
2018		17.13		0.24			0.58			0.82			(0.20	)		(1.72	)		(1.92	)		16.03		4.80			455		1.36			1.36			1.49			1.31			103
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	⁽²⁾		1.38	⁽²⁾		1.50	⁽²⁾		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
Class Y
2020@	$	17.25	$	0.17		$	(3.99	)	$	(3.82	)	$	(0.16	)	$	(1.12	)	$	(1.28	)	$	12.15		(23.69	)%	$	21,270		0.89	%		0.89	%		0.97	%		2.15	%		64	%
2019		16.07		0.27			2.31			2.58			(0.25	)		(1.15	)		(1.40	)		17.25		17.65			36,910		0.89			0.89			0.98			1.72			71
2018		17.15		0.32			0.58			0.90			(0.26	)		(1.72	)		(1.98	)		16.07		5.30			36,197		0.89			0.89			0.99			1.76			103
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	⁽²⁾		0.92	⁽²⁾		1.01	⁽²⁾		1.64			84
2015⁽⁶⁾		19.00		0.08			(0.65	)⁽⁴⁾		(0.57	)		(0.14	)		(0.33	)		(0.47	)		17.96		(2.97	)		18,561		0.89			0.89			0.98			0.54			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.

@	For the six-month period ended March 31, 2020. All ratios for the period have been annualized.

(1)	Per share net investment income and net realized and unrealized gains (losses) calculated using average shares.

(2)	The expense ratio includes proxy expenses outside of the cap.

(3)	Commenced operations on April 30, 2015. All ratios for the period have been annualized.

(4)	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.

(5)	Commenced operations on October 17, 2016. All ratios for the period have been annualized.


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		281

FINANCIAL HIGHLIGHTS

For the period ended March 31, 2020 (Unaudited) and the years or periods ended September 30, (unless otherwise indicated)

For a share outstanding throughout each period

(6)	Commenced operations on December 31, 2014. All ratios for the period have been annualized.

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

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


282		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

FINANCIAL HIGHLIGHTS

For the period ended March 31, 2020 (Unaudited) and the years or periods 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
2020@	$	11.65	$	0.13	$	0.06		$	0.19		$	(0.15	)	$	(0.11	)	$	(0.26	)	$	11.58		1.62	%	$	3,740,523		0.66	%		0.66	%		0.72	%		2.25	%		163	%
2019		10.86		0.31		0.81			1.12			(0.33	)		—			(0.33	)		11.65		10.45			3,755,355		0.66			0.66			0.73			2.78			387
2018		11.32		0.29		(0.46	)		(0.17	)		(0.29	)		—			(0.29	)		10.86		(1.53	)		3,600,785		0.67			0.67			0.77			2.55			384
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	⁽²⁾		0.69	⁽²⁾		0.88	⁽²⁾		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
Class I
2020@	$	11.64	$	0.11	$	0.06		$	0.17		$	(0.14	)	$	(0.11	)	$	(0.25	)	$	11.56		1.49	%	$	4,468		0.88	%		0.88	%		0.97	%		1.98	%		163	%
2019		10.86		0.29		0.79			1.08			(0.30	)		—			(0.30	)		11.64		10.11			5,085		0.88			0.88			0.98			2.57			387
2018		11.31		0.26		(0.45	)		(0.19	)		(0.26	)		—			(0.26	)		10.86		(1.66	)		6,255		0.89			0.89			1.02			2.29			384
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	⁽²⁾		0.91	⁽²⁾		1.13	⁽²⁾		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
Class Y
2020@	$	11.66	$	0.14	$	0.06		$	0.20		$	(0.16	)	$	(0.11	)	$	(0.27	)	$	11.59		1.72	%	$	429,997		0.41	%		0.41	%		0.47	%		2.49	%		163	%
2019		10.87		0.34		0.80			1.14			(0.35	)		—			(0.35	)		11.66		10.71			439,460		0.41			0.41			0.48			3.03			387
2018		11.32		0.31		(0.44	)		(0.13	)		(0.32	)		—			(0.32	)		10.87		(1.20	)		392,931		0.42			0.42			0.52			2.80			384
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	⁽²⁾		0.44	⁽²⁾		0.63	⁽²⁾		2.55			336
2015⁽³⁾		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
High Yield Bond Fund
Class F
2020@	$	6.91	$	0.19	$	(1.09	)	$	(0.90	)	$	(0.19	)	$	(0.04	)	$	(0.23	)	$	5.78		(13.48	)%	$	1,128,519		0.89	%		0.89	%		0.98	%		5.60	%		41	%
2019		7.13		0.39		(0.11	)		0.28			(0.39	)		(0.11	)		(0.50	)		6.91		4.24			1,444,565		0.89			0.89			0.98			5.68			69
2018		7.33		0.38		(0.11	)		0.27			(0.38	)		(0.09	)		(0.47	)		7.13		3.88			1,484,436		0.89			0.89			0.98			5.38			58
2017		7.18		0.42		0.26			0.68			(0.41	)		(0.12	)		(0.53	)		7.33		9.75			1,469,480		0.90	⁽⁴⁾		0.90	⁽⁴⁾		1.01	⁽⁴⁾		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	⁽²⁾		0.91	⁽²⁾		1.10	⁽²⁾		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
Class I
2020@	$	6.65	$	0.17	$	(1.03	)	$	(0.86	)	$	(0.18	)	$	(0.04	)	$	(0.22	)	$	5.57		(13.43	)%	$	331		1.11	%		1.11	%		1.23	%		5.23	%		41	%
2019		6.88		0.36		(0.12	)		0.24			(0.36	)		(0.11	)		(0.47	)		6.65		3.79			11,926		1.12			1.12			1.23			5.51			69
2018		7.08		0.35		(0.11	)		0.24			(0.35	)		(0.09	)		(0.44	)		6.88		3.61			545		1.10			1.10			1.22			5.08			58
2017		6.93		0.39		0.26			0.65			(0.38	)		(0.12	)		(0.50	)		7.08		9.65			1,147		1.12	⁽⁴⁾		1.12	⁽⁴⁾		1.25	⁽⁴⁾		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	⁽²⁾		1.14	⁽²⁾		1.36	⁽²⁾		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
Class Y
2020@	$	6.91	$	0.20	$	(1.09	)	$	(0.89	)	$	(0.20	)	$	(0.04	)	$	(0.24	)	$	5.78		(13.25	)%	$	151,117		0.64	%		0.64	%		0.73	%		5.85	%		41	%
2019		7.13		0.41		(0.11	)		0.30			(0.41	)		(0.11	)		(0.52	)		6.91		4.51			185,383		0.64			0.64			0.73			5.92			69
2018		7.32		0.40		(0.11	)		0.29			(0.39	)		(0.09	)		(0.48	)		7.13		4.27			177,644		0.64			0.64			0.73			5.62			58
2017		7.18		0.44		0.25			0.69			(0.43	)		(0.12	)		(0.55	)		7.32		9.87			187,087		0.65	⁽⁴⁾		0.65	⁽⁴⁾		0.76	⁽⁴⁾		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	⁽²⁾		0.66	⁽²⁾		0.85	⁽²⁾		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

^†	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.

@	For the six-month period ended March 31, 2020. All ratios for the period have been annualized.

(1)	Per share net investment income and net realized and unrealized gains (losses) calculated using average shares.

(2)	The expense ratio includes proxy expenses outside of the cap.

(3)	Commenced operations on June 30, 2015. All ratios for the period have been annualized.

(4)	The expense ratio includes litigation expenses outside the cap.

(5)	Commenced operations on December 31, 2014. All ratios for the period have been annualized.

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

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


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		283

FINANCIAL HIGHLIGHTS/CONSOLIDATED FINANCIAL HIGHLIGHTS

For the period ended March 31, 2020 (Unaudited) and the years or periods 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^†
Conservative Income Fund
Class F
2020@	$	10.00	$	0.08	$	—		$	0.08	$	(0.08	)	$	—	$	(0.08	)	$	10.00		0.78	%	$	330,527		0.30	%		0.30	%		0.58	%		1.55	%		–%
2019		10.00		0.23		—			0.23		(0.23	)		—		(0.23	)		10.00		2.32			229,166		0.30			0.30			0.59			2.29			–
2018		10.00		0.16		—			0.16		(0.16	)		—		(0.16	)		10.00		1.60			209,822		0.30			0.30			0.59			1.60			–
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⁽²⁾		10.00		0.02		—			0.02		(0.02	)		—		(0.02	)		10.00		0.16			75,011		0.30	⁽³⁾		0.30	⁽³⁾		0.61	⁽³⁾		0.37			–
Class Y
2020@	$	10.00	$	0.08	$	—		$	0.08	$	(0.08	)	$	—	$	(0.08	)	$	10.00		0.83	%	$	19,866		0.20	%		0.20	%		0.33	%		1.67	%		–%
2019		10.00		0.24		—			0.24		(0.24	)		—		(0.24	)		10.00		2.42			23,125		0.20			0.20			0.34			2.38			–
2018		10.00		0.17		—			0.17		(0.17	)		—		(0.17	)		10.00		1.70			27,498		0.20			0.20			0.34			1.71			–
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⁽²⁾		10.00		0.02		—			0.02		(0.02	)		—		(0.02	)		10.00		0.20			16,796		0.20	⁽³⁾		0.20	⁽³⁾		0.36	⁽³⁾		0.47			–
Tax-Free Conservative Income Fund
Class F
2020@	$	10.00	$	0.06	$	(0.01	)	$	0.05	$	(0.05	)	$	—	$	(0.05	)	$	10.00		0.52	%	$	189,393		0.30	%		0.30	%		0.58	%		1.15	%		–%
2019		10.00		0.14		—			0.14		(0.14	)		—		(0.14	)		10.00		1.37			162,368		0.30			0.30			0.59			1.36			–
2018		10.00		0.10		—			0.10		(0.10	)		—		(0.10	)		10.00		0.99			162,338		0.30			0.30			0.59			0.99			–
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⁽²⁾		10.00		0.01		—			0.01		(0.01	)		—		(0.01	)		10.00		0.12			30,946		0.30	⁽³⁾		0.30	⁽³⁾		0.60	⁽³⁾		0.27			–
Class Y
2020@	$	10.00	$	0.06	$	—		$	0.06	$	(0.06	)	$	—	$	(0.06	)	$	10.00		0.57	%	$	6,773		0.20	%		0.20	%		0.33	%		1.18	%		–%
2019		10.00		0.15		—			0.15		(0.15	)		—		(0.15	)		10.00		1.47			16,727		0.20			0.20			0.34			1.45			–
2018		10.00		0.11		—			0.11		(0.11	)		—		(0.11	)		10.00		1.09			11,126		0.20			0.20			0.34			1.13			–
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⁽²⁾		10.00		0.02		—			0.02		(0.02	)		—		(0.02	)		10.00		0.16			13,922		0.20	⁽³⁾		0.20	⁽³⁾		0.35	⁽³⁾		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.

@	For the six-month period ended March 31, 2020. All ratios for the period have been annualized.

(1)	Per share net investment income and net realized and unrealized gains (losses) calculated using average shares.

(2)	Commenced operations on April 22, 2016. All ratios for the period have been annualized.

(3)	The expense ratio includes proxy expenses outside of the cap.

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

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


284		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

FINANCIAL HIGHLIGHTS/CONSOLIDATED FINANCIAL HIGHLIGHTS

For the period ended March 31, 2020 (Unaudited) and the years or periods 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
2020@	$	9.96	$	0.05		$	(0.02	)	$	0.03		$	(0.03	)	$	—		$	(0.03	)	$	9.96		0.32	%	$	236,083		0.45	%		0.45	%		0.70	%		0.90	%		20	%
2019		9.91		0.16			0.15			0.31			(0.26	)		—			(0.26	)		9.96		3.14			227,413		0.45			0.45			0.70			1.59			34
2018		10.03		0.25			(0.23	)		0.02			(0.14	)		—			(0.14	)		9.91		0.24			238,889		0.45			0.45			0.71			2.51			35
2017		10.14		0.11			(0.11	)		—			(0.11	)⁽²⁾		—			(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	⁽³⁾		0.47	⁽³⁾		0.82	⁽³⁾		(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
Class Y
2020@	$	10.00	$	0.05		$	(0.02	)	$	0.03		$	(0.03	)	$	—		$	(0.03	)	$	10.00		0.35	%	$	24,056		0.35	%		0.35	%		0.45	%		0.98	%		20	%
2019		9.94		0.18			0.14			0.32			(0.26	)		—			(0.26	)		10.00		3.31			24,322		0.35			0.35			0.46			1.80			34
2018		10.06		0.26			(0.23	)		0.03			(0.15	)		—			(0.15	)		9.94		0.29			16,691		0.35			0.35			0.46			2.60			35
2017		10.17		0.12			(0.11	)		0.01			(0.12	)⁽²⁾		—			(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	⁽³⁾		0.37	⁽³⁾		0.57	⁽³⁾		0.07			38
2015⁽⁴⁾		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
2020@	$	13.23	$	0.08		$	(1.73	)	$	(1.65	)	$	(0.23	)	$	—		$	(0.23	)	$	11.35		(12.81	)%	$	595,627		0.75	%		0.75	%		1.18	%		1.23	%		6	%
2019		13.22		0.17			0.07			0.24			(0.23	)		—			(0.23	)		13.23		2.14			725,857		0.75			0.75			1.18			1.31			5
2018		12.10		0.17			1.15			1.32			(0.18	)		(0.02	)		(0.20	)		13.22		10.95			800,036		0.75			0.75			1.19			1.30			11
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	⁽³⁾		0.77	⁽³⁾		1.21	⁽³⁾		1.42			7
2015⁽⁵⁾		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
2020@	$	13.26	$	0.10		$	(1.74	)	$	(1.64	)	$	(0.26	)	$	—		$	(0.26	)	$	11.36		(12.73	)%	$	37,868		0.50	%		0.50	%		0.93	%		1.40	%		6	%
2019		13.25		0.19			0.08			0.27			(0.26	)		—			(0.26	)		13.26		2.43			70,477		0.50			0.50			0.93			1.51			5
2018		12.12		0.19			1.17			1.36			(0.21	)		(0.02	)		(0.23	)		13.25		11.26			78,280		0.50			0.50			0.93			1.51			11
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	⁽³⁾		0.52	⁽³⁾		0.96	⁽³⁾		1.66			7
2015⁽⁵⁾		10.00		0.03			(0.94	)		(0.91	)		—			—			—			9.09		(9.10	)		48,229		0.50			0.50			0.96			1.97			2

^†	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.

@	For the six-month period ended March 31, 2020. All ratios for the period have been annualized.

(1)	Per share net investment income and net realized and unrealized gains (losses) calculated using average shares.

(2)	Includes return of capital of $0.01.

(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 July 30, 2015. All ratios for the period have been annualized.

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

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


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		285

FINANCIAL HIGHLIGHTS/CONSOLIDATED FINANCIAL HIGHLIGHTS

For the period ended March 31, 2020 (Unaudited) and the years or periods 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-Strategy Alternative Fund
Class F
2020@	$	9.61	$	0.07		$	(0.60	)	$	(0.53	)	$	(0.10	)	$	—		$	(0.10	)	$	8.98		(5.61	)%	$	435,210		1.63	%⁽¹⁴⁾		1.63	%⁽¹⁴⁾		2.48	%⁽¹⁴⁾		1.50	%		233	%
2019		10.10		0.14			(0.18	)		(0.04	)		(0.16	)		(0.29	)		(0.45	)		9.61		(0.18	)		472,129		1.44	⁽²⁾		1.44	⁽²⁾		2.38	⁽²⁾		1.24			315
2018		10.11		0.07			0.14			0.21			(0.02	)		(0.20	)		(0.22	)		10.10		2.11			509,559		1.41	⁽³⁾		1.41	⁽³⁾		2.41	⁽³⁾		0.72			266⁽⁴⁾
2017		9.67		(0.01	)		0.46			0.45			(0.01	)		—			(0.01	)		10.11		4.62			508,046		1.41	⁽⁵⁾		1.41	⁽⁵⁾		2.44	⁽⁵⁾		(0.12	)		215⁽⁴⁾
2016		9.60		0.09			0.23			0.32			(0.15	)		(0.10	)		(0.25	)		9.67		3.40			573,752		1.12	⁽⁶⁾⁽⁷⁾		1.12	⁽⁶⁾⁽⁷⁾		2.39	⁽⁶⁾⁽⁷⁾		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
Class Y
2020@	$	9.61	$	0.08		$	(0.60	)	$	(0.52	)	$	(0.12	)	$	—		$	(0.12	)	$	8.97		(5.48	)%	$	8,088		1.38	%⁽¹⁵⁾		1.38	%⁽¹⁵⁾		2.23	%⁽¹⁵⁾		1.77	%		233	%
2019		10.11		0.13			(0.15	)		(0.02	)		(0.19	)		(0.29	)		(0.48	)		9.61		(0.01	)		9,821		1.20	⁽⁸⁾		1.20	⁽⁸⁾		2.15	⁽⁸⁾		1.11			315
2018		10.12		0.10			0.14			0.24			(0.05	)		(0.20	)		(0.25	)		10.11		2.36			5,951		1.16	⁽⁹⁾		1.16	⁽⁹⁾		2.16	⁽⁹⁾		0.95			266⁽⁴⁾
2017		9.68		0.03			0.44			0.47			(0.03	)		—			(0.03	)		10.12		4.79			4,841		1.14	⁽¹⁰⁾		1.14	⁽¹⁰⁾		2.16	⁽¹⁰⁾		0.34			215⁽⁴⁾
2016		9.60		—			0.36			0.36			(0.18	)		(0.10	)		(0.28	)		9.68		3.77			1,352		0.96	^(6)(11)		0.96	^(6)(11)		2.18	^(6)(11)		–			149
2015⁽¹²⁾		9.97		0.04			(0.41	)		(0.37	)		—			—			—			9.60		(3.71	)		19		0.25			0.25			1.83			1.03			35
Multi-Asset Accumulation Fund
Class F
2020@	$	10.63	$	—		$	(0.71	)	$	(0.71	)	$	(0.13	)	$	(1.11	)	$	(1.24	)	$	8.68		(7.63	)%	$	2,328,337		1.17	%		1.17	%		1.29	%		0.03	%		26	%
2019		9.81		0.08			1.03			1.11			(0.27	)		(0.02	)		(0.29	)		10.63		11.94			2,659,785		1.17			1.17			1.30			0.80			63
2018		10.01		0.06			0.24			0.30			—			(0.50	)		(0.50	)		9.81		2.93			2,655,399		1.17			1.17			1.29			0.64			11
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	⁽⁶⁾		1.19	⁽⁶⁾		1.35	⁽⁶⁾		(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
Class Y
2020@	$	10.70	$	—		$	(0.70	)	$	(0.70	)	$	(0.15	)	$	(1.11	)	$	(1.26	)	$	8.74		(7.56	)%	$	177,903		0.92	%		0.92	%		1.04	%		(0.02	)%		26	%
2019		9.88		0.07			1.06			1.13			(0.29	)		(0.02	)		(0.31	)		10.70		12.16			220,654		0.92			0.92			1.05			0.66			63
2018		10.06		0.05			0.27			0.32			—			(0.50	)		(0.50	)		9.88		3.13			228,037		0.92			0.92			1.04			0.52			11
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	⁽⁶⁾		0.94	⁽⁶⁾		1.10	⁽⁶⁾		(0.33	)		55
2015⁽¹³⁾		10.11		(0.08	)		(0.48	)		(0.56	)		—			—			—			9.55		(5.54	)		202,311		0.92			0.92			1.08			(1.04	)		94

^†	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.

@	For the six-month period ended March 31, 2020. All ratios for the period have been annualized.

(1)	Per share net investment income and net realized and unrealized gains (losses) calculated using average shares.

(2)	The expense ratio includes dividend and interest expense, and other expenses outside the cap. Had this expense been excluded the ratios would have been 1.20%, 1.20%, and 2.14%.

(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 1.09%, 1.09%, and 2.09%.

(4)	The portfolio turnover rate in 2017 and 2018 have been changed from 37% to 215% and 373% to 266%, respectively.

(5)	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%.

(6)	The expense ratio includes proxy expenses outside of the cap.

(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 0.85%, 0.85%, and 2.12%.

(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 0.96%, 0.96%, and 1.91%.

(9)	The expense ratio includes dividend and interest expense, and other expenses outside the cap. Had this expense been excluded the ratios would have been 0.84%, 0.84% and 1.84%.

(10)	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%.

(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 0.69%, 0.69%, and 1.91%.

(12)	Commenced operations on April 30, 2015. All ratios for the period have been annualized.

(13)	Commenced operations on December 31, 2014. All ratios for the period have been annualized.

(14)	The expense ratio includes dividend and interest expense, and other expenses outside the cap. Had this expense been excluded the ratios would have been 1.24%, 1.24%, and 2.09%.

(15)	The expense ratio includes dividend and interest expense, and other expenses outside the cap. Had this expense been excluded the ratios would have been 0.99%, 0.99%, and 1.84%.

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

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


286		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

FINANCIAL HIGHLIGHTS/CONSOLIDATED FINANCIAL HIGHLIGHTS

For the period ended March 31, 2020 (Unaudited) and the years or periods 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 Income Fund
Class F
2020@	$	11.07	$	0.22	$	(1.51	)	$	(1.29)	$	(0.24)		$	(0.03)	$	(0.27)		$	9.51		(11.95	)%	$	699,884		0.80	%		0.80	%		1.20	%		4.02	%		90	%
2019		10.61		0.45		0.41			0.86		(0.40)			—		(0.40)			11.07		8.29			816,056		0.80			0.80			1.20			4.15			76
2018		10.88		0.40		(0.24	)		0.16		(0.34)	⁽²⁾		(0.09)		(0.43)			10.61		1.56			815,020		0.80			0.80			1.21			3.78			119
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⁾⁽⁴⁾		0.82	⁽³⁾⁽⁴⁾		1.23	⁽³⁾⁽⁴⁾		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	⁽⁵⁾		0.85	⁽⁵⁾		1.25	⁽⁵⁾		5.06			109
Class Y
2020@	$	11.07	$	0.23	$	(1.51	)	$	(1.28)	$	(0.25)		$	(0.03)	$	(0.28)		$	9.51		(11.90	)%	$	142,525		0.70	%		0.70	%		0.95	%		4.13	%		90	%
2019		10.61		0.46		0.41			0.87		(0.41)			—		(0.41)			11.07		8.39			161,776		0.70			0.70			0.95			4.25			76
2018		10.88		0.41		(0.24	)		0.17		(0.35)	⁽²⁾		(0.09)		(0.44)			10.61		1.66			175,431		0.70			0.70			0.96			3.88			119
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⁾⁽⁶⁾		0.72	⁽³⁾⁽⁶⁾		0.98	⁽³⁾⁽⁶⁾		5.08			72
2015⁽⁷⁾		10.62		0.45		(0.26	)		0.19		(0.35)			—		(0.35)			10.46		1.81			33,224		0.76	⁽⁸⁾		0.76	⁽⁸⁾		1.00	⁽⁸⁾		5.60			109
Multi-Asset Inflation Managed Fund
Class F
2020@	$	8.28	$	0.06	$	(0.75	)	$	(0.69)	$	(0.12)		$	—	$	(0.12)		$	7.47		(8.44	)%	$	720,953		1.39	%⁽⁹⁾		1.39	%⁽⁹⁾		1.63	%⁽⁹⁾		1.35	%		22	%
2019		8.49		0.14		(0.20	)		(0.06)		(0.15)			—		(0.15)			8.28		(0.62	)		798,451		1.52	⁽⁹⁾		1.52	⁽⁹⁾		1.76	⁽⁹⁾		1.68			30
2018		8.52		0.17		(0.08	)		0.09		(0.12)			—		(0.12)			8.49		1.04			860,457		1.52	⁽⁹⁾		1.52	⁽⁹⁾		1.76	⁽⁹⁾		1.97			32
2017		8.80		0.09		(0.27	)		(0.18)		(0.10)			—		(0.10)			8.52		(2.07	)		821,191		1.33	⁽⁹⁾		1.33	⁽⁹⁾		1.56	⁽⁹⁾		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⁾⁽⁹⁾		1.23	⁽³⁾⁽⁹⁾		1.46	⁽³⁾⁽⁹⁾		0.59			73
2015		9.39		—		(0.64	)		(0.64)		—			—		—			8.75		(6.82	)		924,048		1.11	⁽¹⁰⁾		1.11	⁽¹⁰⁾		1.34	⁽¹⁰⁾		(0.05	)		115
Class Y
2020@	$	8.29	$	0.05	$	(0.73	)	$	(0.68)	$	(0.14)		$	—	$	(0.14	)	$	7.47		(8.32	)%	$	44,231		1.14	%⁽¹¹⁾		1.14	%⁽¹¹⁾		1.38	%⁽¹¹⁾		1.33	%		22	%
2019		8.50		0.13		(0.17	)		(0.04)		(0.17)			—		(0.17)			8.29		(0.35	)		55,857		1.27	⁽¹¹⁾		1.27	⁽¹¹⁾		1.51	⁽¹¹⁾		1.56			30
2018		8.53		0.16		(0.05	)		0.11		(0.14)			—		(0.14)			8.50		1.29			63,546		1.27	⁽¹¹⁾		1.27	⁽¹¹⁾		1.50	⁽¹¹⁾		1.90			32
2017		8.82		0.10		(0.26	)		(0.16)		(0.13)			—		(0.13)			8.53		(1.90	)		68,506		1.08	⁽¹¹⁾		1.08	⁽¹¹⁾		1.32	⁽¹¹⁾		1.13			68
2016		8.77		0.07		0.04			0.11		(0.06)			—		(0.06)			8.82		1.30			89,261		0.98	^(3)(11)		0.98	^(3)(11)		1.21	^(3)(11)		0.79			73
2015⁽⁷⁾		8.96		0.04		(0.23	)		(0.19)		—			—		—			8.77		(2.12	)		83,248		0.92	⁽¹²⁾		0.92	⁽¹²⁾		1.15	⁽¹²⁾		0.53			115

^†	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.

@	For the six-month period ended March 31, 2020. All ratios for the period have been annualized.

(1)	Per share net investment income and net realized and unrealized gains (losses) calculated using average shares.

(2)	Includes return of capital of $0.02.

(3)	The expense ratio includes proxy expenses outside of the cap.

(4)	The expense ratio includes interest expense. Had this expense been excluded the ratios would have been 0.80%, 0.80%, and 1.21%.

(5)	The expense ratio includes interest expense. Had this expense been excluded the ratios would have been 0.80%, 0.80%, and 1.20%.

(6)	The expense ratio includes interest expense. Had this expense been excluded the ratios would have been 0.70%, 0.70%, and 0.96%.

(7)	Commenced operations on December 31, 2014. All ratios for the period have been annualized.

(8)	The expense ratio includes interest expense. Had this expense been excluded the ratios would have been 0.70%, 0.70%, and 0.95%.

(9)	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%.

(10)	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%.

(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 0.65%, 0.65%, and 0.89%.

(12)	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%.

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

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


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		287

FINANCIAL HIGHLIGHTS/CONSOLIDATED FINANCIAL HIGHLIGHTS

For the period ended March 31, 2020 (Unaudited) and the years or periods 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 Capital Stability Fund
Class F
2020@	$	10.39	$	0.04		$	(0.07	)	$	(0.03	)	$	(0.18	)	$	(0.19	)	$	(0.37	)	$	9.99		(0.34	)%	$	713,029		0.62	%		0.62	%		0.98	%		0.85	%		49	%
2019		10.05		0.15			0.24			0.39			(0.05	)		—			(0.05	)		10.39		3.94			684,753		0.62			0.62			0.98			1.45			128
2018		10.25		0.09			0.09			0.18			(0.20	)		(0.18	)		(0.38	)		10.05		1.75			682,982		0.62			0.62			0.98			0.88			228
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	⁽²⁾		0.64	⁽²⁾		1.00	⁽²⁾		(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
Class Y
2020@	$	10.41	$	0.05		$	(0.08	)	$	(0.03	)	$	(0.19	)	$	(0.19	)	$	(0.38	)	$	10.00		(0.35	)%	$	43,163		0.52	%		0.52	%		0.73	%		0.95	%		49	%
2019		10.07		0.16			0.24			0.40			(0.06	)		—			(0.06	)		10.41		4.04			47,957		0.52			0.52			0.73			1.55			128
2018		10.27		0.10			0.09			0.19			(0.21	)		(0.18	)		(0.39	)		10.07		1.84			44,681		0.52			0.52			0.73			0.97			228
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	⁽²⁾		0.54	⁽²⁾		0.75	⁽²⁾		0.02			234
2015⁽³⁾		10.06		(0.02	)		0.08			0.06			—			—			—			10.12		0.60			50,662		0.52			0.52			0.74			(0.30	)		227

^†	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.

@	For the six-month period ended March 31, 2020. All ratios for the period have been annualized.

(1)	Per share net investment income and net realized and unrealized gains (losses) calculated using average shares.

(2)	The expense ratio includes proxy expenses outside of the cap.

(3)	Commenced operations on December 31, 2014. All ratios for the period have been annualized.

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

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


288		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

Notes to Financial Statements/Consolidated Notes to Financial Statements (Unaudited)

March 31, 2020

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 27 funds: Large Cap, Large Cap Value, Large Cap Growth, Large Cap Index (commenced operations on January 31, 2018), 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, Core 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, and Multi-Asset Capital Stability (each a “Fund,” collectively the “Funds”) each of which are diversified Funds, with the exception of the Multi-Asset Accumulation and Multi-Asset Inflation Managed Funds.

The Dynamic Commodity Strategy Subsidiary, Ltd., the Accumulation Commodity Strategy Subsidiary, Ltd. and the Inflation Commodity Strategy Subsidiary, Ltd. are wholly-owned subsidiaries of the Dynamic Asset Allocation, 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 Dynamic Asset Allocation, 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 of the Funds and Class Y shares of the Funds except for the Large Cap Index and S&P 500 Index Funds; 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, Core 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.

2. SIGNIFICANT ACCOUNTING POLICIES

The following are significant accounting policies, which are consistently followed in the preparation of its financial statements by the Funds. The Funds are investment companies that apply the accounting and reporting guidance issued in Topic 946 by the U.S. Financial Accounting Standards Board (“FASB”).

Use of Estimates — The preparation of financial statements, in conformity with accounting principles generally accepted in the United States of America (“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, 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


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		289

Notes to Financial Statements/Consolidated Notes to Financial Statements (Unaudited) (Continued)

March 31, 2020

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 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 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


290		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

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 and the Tax-Managed International Managed Volatility Fund both use 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 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.


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		291

Notes to Financial Statements/Consolidated Notes to Financial Statements (Unaudited) (Continued)

March 31, 2020

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 six month period ended March 31, 2020, 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 six month period ended March 31, 2020, there have been no significant changes to the Trust’s fair valuation methodologies.

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 gains 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.

Cash and Cash Equivalents — Idle cash and currency balances may be swept into various overnight sweep accounts and are classified as cash and cash equivalents on the Statement of Assets and Liabilities/ Consolidated Statement of Assets and Liabilities and Consolidated Statement of Cash Flows. These amounts, at times, may exceed United States federally insured limits. Amounts swept are available on the next business day.

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 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


292		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

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 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 March 31, 2020, 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


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		293

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March 31, 2020

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.

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 futures contracts as of March 31, 2020, 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 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


294		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

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 March 31, 2020, 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 March 31, 2020, 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 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


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March 31, 2020

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 March 31, 2020, 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.

Participation Notes (P-Notes) — To the extent consistent with its Investment Objective and Strategies, a Fund may acquire P-Notes issued by participating banks or broker-dealers. P-Notes are participation interest notes that are designed to offer a return linked to a particular underlying equity, debt, currency or market. The P-Notes in which the Fund may invest will typically have a maturity of one year. When purchasing a P-Note, the posting of margin is not required because the full cost of the P-Note (plus commission) is paid at the time

of purchase. When the P-Note matures, the issuer will pay to, or receive from, the purchaser the difference between the minimal value of the underlying instrument at the time of purchase and that instrument’s value at maturity. Investments in P-Notes involve the same risks associated with a direct investment in the underlying foreign companies of foreign securities markets that they seek to replicate.

In addition, there can be no assurance that the trading price of P-Notes will equal the underlying value of the foreign companies or foreign securities markets that they seek to replicate. The holder of a participation note that is linked to a particular underlying security is entitled to receive any dividends paid in connection with an underlying security or instrument. However, the holder of a participation note does not receive voting rights as it would if it directly owned the underlying security or instrument. P-Notes are generally traded over-the- counter. P-Notes constitute general unsecured contractual obligations of the banks or broker-dealers that issue them and the counterparty. There is also counterparty risk associated with these investments because the Fund is relying on the creditworthiness of such counterparty and has no rights under a participation note against the issuer of the underlying security. In addition, the Fund will incur transaction costs as a result of investments in P-Notes.

Loan Participations and Brady Bonds — To the extent consistent with its Investment Objective and Strategies, a Fund may invest in Loan Participations. Loan Participations include fixed and floating rate loans that are privately negotiated between a corporate borrower and one or more financial institutions, including, but not limited to, term loans, revolvers, and other instruments issued in the bank loan market. Each Fund may acquire interests in loans directly (by way of assignment from the selling institution) or indirectly (by way of the purchase of a participation interest from the selling institution). Under a bank loan assignment, a Fund generally will succeed to all the rights and obligations of an assigning lending institution and becomes a lender under the loan agreement with the relevant borrower in connection with that loan. Under bank loan participation, the Fund generally will have a contractual relationship only with the lender, not with the relevant borrower. As a result, a Fund generally will have the right to receive payments of principal, interest, and any fees to which it is entitled only from the lender selling the participation and only upon receipt by the lender of the payments from the relevant borrower. The Fund may not directly benefit from the collateral supporting the debt obligation in which it has purchased the participation. As a result, a Fund will assume the credit risk of both the borrower and the institution selling the participation to the Fund.


296		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

The interest rate indicated in the Fund’s Schedule of Investments is the rate in effect at March 31, 2020. Pursuant to the terms of certain loan agreements, the Funds may hold unfunded commitments in loan participations which are disclosed on the Statement of Assets and Liabilities. Unfunded commitments represent the remaining obligation of the Fund to the borrower. At any point in time, up to the maturity date of the issue, the borrower may demand the unfunded portion. Unfunded amounts, if any, are marked to market and any unrealized gains or losses are recorded in the Statement of Assets and Liabilities. The Funds disclosed consent fees and amendment income in the Statement of Operations as “Interest income”.

Certain debt obligations, customarily referred to as “Brady Bonds,” are created through the exchange of existing commercial bank loans to foreign entities for new obligations in connection with debt restructuring under a plan introduced by former U.S. Secretary of the Treasury Nicholas F. Brady. Brady Bonds have only been issued since 1989, and, accordingly, do not have a long payment history. They are issued by governments that may have previously defaulted on the loans being restructured by the Brady Bonds, so they are subject to the risk of default by the issuer. They may be fully or partially collateralized or uncollateralized and issued in various currencies.

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 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 March 31, 2020, 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.


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March 31, 2020

The acquisition dates of these investments, the enforceable right to acquire these securities, along with their cost and values at March 31, 2020, 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	$	—	$	54	—%

High Yield Bond Fund
Aventine (Escrow Security)	$ 2,750		11/30/10		11/30/10	$	—	$	–	—%
CUI Acquisition	3		8/27/14		8/27/14		270		—	—%

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, Large Cap Index, 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 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 and Dynamic Asset Allocation; are declared daily and paid monthly for the Core Fixed Income, High Yield Bond, Conservative Income, Tax-Free Conservative Income and Multi-Asset Income. 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 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 (“Directors”) that is responsible for overseeing the operations of such Subsidiary, the respective Fund’s Directors have 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.


298		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

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 March 31, 2020, the 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 $13.6 million, $4.8 million and $82.9 million, respectively. As of March 31, 2020, the Core Fixed Income Fund, Multi-Strategy Alternative Fund, Multi-Asset Income Fund, Multi-Asset Inflation Managed Fund and Multi-Asset Capital Stability Fund are the sellers (“providing protection”) on a total notional amount of $135.9 million, $.6 million, $95.7 million, $21.5 million, and $17.4 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.

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$		SOVEREIGN US$		ABS US$		CORP US$		Total
Fair value of written credit derivatives		$-		$-		$-		$(1,259,580)		$(1,259,580)
Maximum potential amount of future payments		-		-		-		135,940,000		135,940,000
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		-		-		-		-		-


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Notes to Financial Statements/Consolidated Notes to Financial Statements (Unaudited) (Continued)

March 31, 2020


MULTI-STRATEGY ALTERNATIVE FUND
WRITTEN CREDIT DERIVATIVE CONTRACTS	SINGLE NAME CDS				CDS ON AN INDEX
REFERENCE ASSET	CORP US$		SOVEREIGN US$		ABS US$		CORP US$		Total
Fair value of written credit derivatives		$-		$(64,433)		$-		$-		$(64,433)
Maximum potential amount of future payments		-		654,000		-		-		654,000
Recourse provisions with third parties to recover any amounts paid under the credit derivative (including any purchased credit protection) ¹		-		-		-		-		-
Collateral held by the Fund can obtain upon occurrence of triggering event		-		-		-		-		-
MULTI-ASSET INCOME FUND
WRITTEN CREDIT DERIVATIVE CONTRACTS	SINGLE NAME CDS				CDS ON AN INDEX
REFERENCE ASSET	CORP US$		SOVEREIGN US$		ABS US$		CORP US$		Total
Fair value of written credit derivatives		$(119,162)		$(733,821)		$-		$(1,339,122)		$(2,192,105)
Maximum potential amount of future payments		1,750,000		33,550,000		-		60,390,000		95,690,000
Recourse provisions with third parties to recover any amounts paid under the credit derivative (including any purchased credit protection) ¹		-		-		-		-		-
Collateral held by the Fund can obtain upon occurrence of triggering event		-		-		-		-		-
MULTI-ASSET INFLATION MANAGED FUND
WRITTEN CREDIT DERIVATIVE CONTRACTS	SINGLE NAME CDS				CDS ON AN INDEX
REFERENCE ASSET	CORP US$		SOVEREIGN US$		ABS US$		CORP US$		Total
Fair value of written credit derivatives		$-		$-		$-		$(5,041,569)		$(5,041,569)
Maximum potential amount of future payments		-		-		-		21,522,000		21,522,000
Recourse provisions with third parties to recover any amounts paid under the credit derivative (including any purchased credit protection) ¹		-		-		-		-		-
Collateral held by the Fund can obtain upon occurrence of triggering event		-		-		-		-		-
MULTI-ASSET CAPITAL STABILITY FUND
WRITTEN CREDIT DERIVATIVE CONTRACTS	SINGLE NAME CDS				CDS ON AN INDEX
REFERENCE ASSET	CORP US$		SOVEREIGN US$		ABS US$		CORP US$		Total
Fair value of written credit derivatives		$-		$-		$-		$(290,263)		$(290,263)
Maximum potential amount of future payments		-		-		-		17,429,000		17,429,000
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		-		-		-		-		-

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	$-		$-		$-		$-		$-		$-
101-200	-		-		125,340,000		-		-		125,340,000
201-300	-		-		-		-		-		-
301-400	-		-		-		-		-		-
> than 400	-		-		10,600,000		-		-		10,600,000
Total	$-		$-		$135,940,000		$-		$-		$135,940,000


300		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020


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		$-		$-		$-		$-		$-		$-
101-200		-		-		-		-		-		-
201-300		-		-		-		-		-		-
301-400		-		-		-		-		-		-
> than 400		-		-		654,000		-		-		654,000
Total		$-		$-		$654,000		$-		$-		$654,000

MAXIMUM POTENTIAL AMOUNT OF FUTURE PAYMENTS BY CONTRACT TERM
MULTI-ASSET 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		$1,030,000		$-		$4,400,000		$-		$-		$5,430,000
101-200		-		-		63,370,000		-		-		63,370,000
201-300		-		-		2,515,000		-		-		2,515,000
301-400		-		-		-		-		-		-
> than 400		-		-		24,375,000		-		-		24,375,000
Total		$1,030,000		$-		$94,660,000		$-		$-		$95,690,000

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		-		-		-		-		21,522,000		21,522,000
Total		$-		$-		$-		$-		$21,522,000		$21,522,000

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		$-		$-		$-		$-		$-		$-
101-200		-		-		13,574,000		-		-		13,574,000
201-300		-		-		-		-		-		-
301-400		-		-		-		-		-		-
> than 400		-		-		3,855,000		-		-		3,855,000
Total		$-		$-		$17,429,000		$-		$-		$17,429,000

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.


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		301

Notes to Financial Statements/Consolidated Notes to Financial Statements (Unaudited) (Continued)

March 31, 2020

The fair value of derivative instruments as of March 31, 2020 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	$17*	Net Assets — Unrealized depreciation on futures contracts	$230*
Foreign exchange contracts	Unrealized gain on forward foreign currency contracts	65	Unrealized loss on forward foreign currency contracts	4,464

Total Derivatives not accounted for as hedging instruments		$82		$4,694


Core Fixed Income Fund
Interest rate contracts	Net Assets — Unrealized appreciation on futures contracts	$40,294*	Net Assets — Unrealized depreciation on futures contracts	$13,213*
	Net Assets — Unrealized appreciation on swap contracts	3,225^†	Net Assets — Unrealized depreciation on swap contracts	22,823^†
	Options purchased, at value	298	Options written, at value	3,906
	Swaptions purchased, at value	14	Swaptions written, at value	3,421
Foreign exchange contracts	Unrealized gain on forward foreign currency contracts	2,690	Unrealized loss on forward foreign currency contracts	8,547
	Options purchased, at value	800	Options written, at value	—
Credit contracts	Net Assets — Unrealized appreciation on swap contracts	—^†	Net Assets — Unrealized depreciation on swap contracts	842^†

Total Derivatives not accounted for as hedging instruments		$47,321		$52,752


Dynamic Asset Allocation Fund
Interest rate contracts	Swaptions purchased, at value	$3,142	Swaptions written, at value	$—
	Net Assets — Unrealized appreciation on swap contracts	1,864†		—
Equity contracts	Net Assets — Unrealized appreciation on futures contracts	411*	Net Assets — Unrealized depreciation on futures contracts	—*
Foreign exchange contracts	Unrealized gain on forward foreign currency contracts	44	Unrealized loss on forward foreign currency contracts	4
	Options purchased, at value	2,963		—

Total Derivatives not accounted for as hedging instruments		$8,424		$4


Multi-Strategy Alternative Fund
Interest rate contracts	Net Assets — Unrealized appreciation on futures contracts	$—*	Net Assets — Unrealized depreciation on futures contracts	$—*
	Net Assets — Unrealized appreciation on swap contracts	—^†	Net Assets — Unrealized depreciation on swap contracts	16^†
Equity contracts	Options purchased, at value	1,205	Options written, at value	614
	Swaptions purchased, at value	—	Swaptions written, at value	—
	Net Assets — Unrealized appreciation on futures contracts	—*	Net Assets — Unrealized depreciation on futures contracts	83*
	Net Assets — Unrealized appreciation on swap contracts	656^†	Net Assets — Unrealized depreciation on swap contracts	1,108^†
Foreign exchange contracts	Unrealized gain on forward foreign currency contracts	3,310	Unrealized loss on forward foreign currency contracts	1,237
Credit contracts	Net Assets — Unrealized appreciation on swap contracts	914^†	Net Assets — Unrealized depreciation on swap contracts	49^†

Total Derivatives not accounted for as hedging instruments		$6,085		$3,107


302		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020


	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	$29,845*	Net Assets — Unrealized depreciation on futures contracts	$11,708*
	Net Assets — Unrealized appreciation on swap contracts	11,791†	Net Assets — Unrealized depreciation on swap contracts	—^†
Equity contracts	Net Assets — Unrealized appreciation on futures contracts	17,694*	Net Assets — Unrealized depreciation on futures contracts	2,163*
	Net Assets — Unrealized appreciation on swap contracts	645^†	Net Assets — Unrealized depreciation on swap contracts	2,406^†
Foreign exchange contracts	Unrealized gain on forward foreign currency contracts	30,454	Unrealized loss on forward foreign currency contracts	50,283
Commodity contracts	Net Assets — Unrealized appreciation on futures contracts	3,347 *	Net Assets — Unrealized depreciation on futures contracts	19,209 *

Total Derivatives not accounted for as hedging instruments		$93,776		$85,769


Multi-Asset Income Fund
Interest rate contracts	Net Assets — Unrealized appreciation on futures contracts	6,825*	Net Assets — Unrealized depreciation on futures contracts	2,587*
	Options purchased, at value	—	Options written, at value	10
	Net Assets — Unrealized appreciation on swap contracts	1,062^†	Net Assets — Unrealized depreciation on swap contracts	3,391^†
Equity contracts	Options purchased, at value	792	Options written, at value	13,328
	Swaptions purchased, at value	—	Swaptions written, at value	—
	Net Assets — Unrealized appreciation on futures contracts	—*	Net Assets — Unrealized depreciation on futures contracts	805*
Foreign exchange contracts	Unrealized gain on forward foreign currency contracts	5,552	Unrealized loss on forward foreign currency contracts	4,713
	Options purchased, at value	558	Options written, at value	1,785
Credit contracts	Net Assets — Unrealized appreciation on swap contracts	89^†	Net Assets — Unrealized depreciation on swap contracts	3,846^†

Total Derivatives not accounted for as hedging instruments		14,878		30,465


Multi-Asset Inflation Managed Fund
Interest rate contracts	Net Assets — Unrealized appreciation on futures contracts	$451*	Net Assets — Unrealized depreciation on futures contracts	$5,495*
	Net Assets — Unrealized appreciation on swap contracts	2,425^†	Net Assets — Unrealized depreciation on swap contracts	7,139†
	Swaptions purchased, at value	445	Swaptions written, at value	350
Equity contracts	Net Assets — Unrealized appreciation on futures contracts	—*	Net Assets — Unrealized depreciation on futures contracts	2,198*
	Net Assets — Unrealized appreciation on swap contracts	18^†	Net Assets — Unrealized depreciation on swap contracts	907^†
Foreign exchange contracts	Unrealized gain on forward foreign currency contracts	2,066	Unrealized loss on forward foreign currency contracts	406
Commodity contracts	Net Assets — Unrealized appreciation on futures contracts	1,814*	Net Assets — Unrealized depreciation on future contracts	10,554*
	Options purchased, at value	242	Options written, at value	208
Credit contracts	Net Assets — Unrealized appreciation on swaps contracts	1,081^†	Net Assets — Unrealized depreciation on swaps contracts	2,884†

Total Derivatives not accounted for as hedging instruments		$8,542		$30,141


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		303

Notes to Financial Statements/Consolidated Notes to Financial Statements (Unaudited) (Continued)

March 31, 2020


	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	$2,540*	Net Assets — Unrealized depreciation on futures contracts	$122*
	Net Assets — Unrealized appreciation on swap contracts	469^†	Net Assets — Unrealized depreciation on swap contracts	—^†
	Swaptions purchased, at value	233	Swaptions written, at value	—
Equity contracts	Net Assets — Unrealized appreciation on futures contracts	2,459*	Net Assets — Unrealized depreciation on futures contracts	465*
Foreign exchange contracts	Unrealized gain on forward foreign currency contracts	1,736	Unrealized loss on forward foreign currency contracts	2,486
Credit contracts	Net Assets — Unrealized appreciation on swap contracts	113^†	Net Assets — Unrealized depreciation on swap contracts	617^†

Total Derivatives not accounted for as hedging instruments		$7,550		$3,690

*	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 period ended March 31, 2020:

Amount of realized gain or (loss) on derivatives recognized in income ($ Thousands):


Derivatives Not Accounted for as Hedging Instruments	Options		Swaptions		Futures		Forward Foreign Currency Contracts		Swaps		Total
Global Managed Volatility Fund
Equity contracts	$	—	$	—	$	(2,729)	$	—	$	—	$	(2,729)
Foreign exchange contracts		—		—		—		12,700		—		12,700
Total	$	—	$	—	$	(2,729)	$	12,700	$	—	$	9,971
Core Fixed Income Fund
Interest rate contracts	$	(2,139)	$	—	$	29,335	$	—	$	(16,296)	$	10,900
Equity contracts		—		—		—		—		—		—
Foreign exchange contracts		165		—		—		525		—		690
Credit contracts		—		—		—		—		(476)		(476)
Total	$	(1,974)	$	—	$	29,335	$	525	$	(16,772)	$	11,114
High Yield Bond Fund
Credit contracts	$	—	$	—	$	—	$	—	$	(783)	$	(783)
Total	$	—	$	—	$	—	$	—	$	(783)	$	(783)
Dynamic Asset Allocation Fund
Equity contracts	$	—	$	—	$	(9,360)	$	—	$	—	$	(9,360)
Foreign exchange contracts		(36)		—		—		2,610		—		2,574
Total	$	(36)	$	—	$	(9,360)	$	2,610	$	—	$	(6,786)


304		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020


Derivatives Not Accounted for as Hedging Instruments	Options		Swaptions		Futures		Forward Foreign Currency Contracts		Swaps		Total
Multi-Strategy Alternative Fund
Credit contracts	$	—	$	—	$	—	$	—	$	1,720	$	1,720
Equity contracts		(35)		—		357		—		96		418
Interest rate contracts		—		—		(2)		—		(262)		(264)
Foreign exchange contracts		—		—		—		(94)		—		(94)
Total	$	(35)	$	—	$	355	$	(94)	$	1,554	$	1,780
Multi-Asset Accumulation Fund
Equity contracts	$	—	$	—	$	62,656	$	—	$	12,255	$	74,911
Interest rate contracts		—		—		(148,879)		—		(14,895)		(163,774)
Foreign exchange contracts		—		—		—		14,962		—		14,962
Commodity contracts		—		—		(91,982)		—		(4,129)		(96,111)
Total	$	—	$	—	$	(178,205)	$	14,962	$	(6,769)	$	(170,012)
Multi-Asset Income Fund
Equity contracts	$	3,014	$	—	$	(4,605)	$	—	$	—	$	(1,591)
Credit contracts		—		—		—		—		(2,107)		(2,107)
Interest rate contracts		1,752		—		5,802		—		(3,932)		3,622
Foreign exchange contracts		76		—		—		651		—		727
Total	$	4,842	$	—	$	1,197	$	651	$	(6,039)	$	651
Multi-Asset Inflation Managed Fund
Credit contracts	$	—	$	—	$	—	$	—	$	2,961	$	2,961
Equity contracts		—		—		7,554		—		—		7,554
Interest rate contracts		—		—		(1,580)		—		243		(1,337)
Foreign exchange contracts		—		—		—		(146)		—		(146)
Commodity contracts		(186)		—		(11,942)		—		(8,571)		(20,699)
Total	$	(186)	$	—	$	(5,968)	$	(146)	$	(5,367)	$	(11,667)
Multi-Asset Capital Stability Fund
Credit contracts	$	—	$	—	$	—	$	—	$	(965)	$	(965)
Equity contracts		65		—		(10,324)		—		—		(10,259)
Interest rate contracts		(1,861)		—		3,519		—		991		2,649
Foreign exchange contracts		32		—		—		2,277		—		2,309
Total	$	(1,764)	$	—	$	(6,805)	$	2,277	$	26	$	(6,266)

Change in unrealized appreciation or (depreciation) on derivatives recognized in income ($ Thousands):
Derivatives Not Accounted for as Hedging Instruments	Options		Swaptions		Futures		Forward Foreign Currency Contracts		Swaps		Total
Global Managed Volatility Fund
Equity contracts	$	—	$	—	$	(163)	$	—	$	—	$	(163)
Foreign exchange contracts		—		—		—		(6,538)		—		(6,538)
Total	$	—	$	—	$	(163)	$	(6,538)	$	—	$	(6,701)
Core Fixed Income Fund
Credit contracts	$	—	$	—	$	—	$	—	$	(970)	$	(970)
Interest rate contracts		(1,660)		(3,163)		24,587		—		(7,724)		12,040
Foreign exchange contracts		440		—		—		(5,423)		—		(4,983)
Total	$	(1,220)	$	(3,163)	$	24,587	$	(5,423)	$	(8,694)	$	6,087
High Yield Bond Fund
Credit contracts	$	—	$	—	$	—	$	—	$	44	$	44
Total	$	—	$	—	$	—	$	—	$	44	$	44


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		305

Notes to Financial Statements/Consolidated Notes to Financial Statements (Unaudited) (Continued)

March 31, 2020


Derivatives Not Accounted for as Hedging Instruments	Options		Swaptions		Futures		Forward Foreign Currency Contracts		Swaps		Total
Dynamic Asset Allocation Fund
Equity contracts	$	—	$	—	$	483	$	—	$	—	$	483
Interest rate contracts		—		1,049		—		—		1,864		2,913
Foreign exchange contracts		1,322		—		—		(4,706)		—		(3,384)
Total	$	1,322	$	1,049	$	483	$	(4,706)	$	1,864	$	12
Multi-Strategy Alternative Fund
Credit contracts	$	—	$	—	$	—	$	—	$	914	$	914
Equity contracts		262		17		(92)		—		(520)		(333)
Interest rate contracts		—		—		10		—		94		104
Foreign exchange contracts		—		—		—		2,014		—		2,014
Total	$	262	$	17	$	(82)	$	2,014	$	488	$	2,699
Multi-Asset Accumulation Fund
Equity contracts	$	—	$	—	$	24,473	$	—	$	(3,126)	$	21,347
Interest rate contracts		—		—		35,988		—		8,944		44,932
Foreign exchange contracts		—		—		—		(27,943)		—		(27,943)
Commodity contracts		—		—		(16,766)		—		—		(16,766)
Total	$	—	$	—	$	43,695	$	(27,943)	$	5,818	$	21,570
Multi-Asset Income Fund
Credit contracts	$	—	$	—	$	—	$	—	$	(4,088)	$	(4,088)
Equity contracts		(9,220)		—		(447)		—		—		(9,667)
Interest rate contracts		(12)		(121)		5,020		—		537		5,424
Foreign exchange contracts		(1,812)		—		—		182		—		(1,630)
Total	$	(11,044)	$	(121)	$	4,573	$	182	$	(3,551)	$	(9,961)
Multi-Asset Inflation Managed Fund
Credit contracts	$	—	$	—	$	—	$	—	$	(1,743)	$	(1,743)
Equity contracts		—		—		(2,459)		—		—		(2,459)
Interest rate contracts		—		(55)		(5,477)		—		(2,511)		(8,043)
Foreign exchange contracts		—		—		—		1,733		—		1,733
Commodity contracts		16		—		(10,786)		—		105		(10,665)
Total	$	16	$	(55)	$	(18,722)	$	1,733	$	(4,149)	$	(21,177)
Multi-Asset Capital Stability Fund
Credit contracts	$	—	$	—	$	—	$	—	$	(386)	$	(386)
Equity contracts		(99)		—		2,391		—		—		2,292
Interest rate contracts		(23)		(21)		3,387		—		(704)		2,639
Foreign exchange contracts		(16)		233		—		(1,340)		—		(1,123)
Total	$	(138)	$	212	$	5,778	$	(1,340)	$	(1,090)	$	3,422

The following table discloses the volume of the Fund’s futures contracts, option contracts, forward foreign currency contracts, swap contracts and swaption contracts activity during the year ended March 31, 2020 ($ Thousands):


	Large Cap Fund		Large Cap Value Fund		Large Cap Growth Fund		Large Cap Index Fund		Tax-Managed Large Cap Fund
Futures Contracts:

Equity Contracts
Average Notional Balance Long	$	11,371	$	9,229	$	12,170	$	17,770	$	3,186
Ending Notional Balance Long		11,483		6,642		12,106		13,075		6,373

					S&P 500 Index Fund		Small Cap Fund		Small Cap Value Fund
Futures Contracts:

Equity Contracts
Average Notional Balance Long					$	20,661	$	19,052	$	1,103
Ending Notional Balance Long						26,223		38,105		2,206


306		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

U.S. Managed
Volatility Fund

Global Managed
Volatility Fund

Tax-Managed
Managed Volatility
Fund

Tax-Managed
International
Managed Volatility
Fund

Futures Contracts:

Equity Contracts

Average Notional Balance Long

29,692

13,965

8,541

7,275

Ending Notional Balance Long

26,704

17,698

730

11,377

Forward Foreign Currency Contracts:

Average Notional Balance Long

–

296,958

–

Average Notional Balance Short

–

301,152

–

Ending Notional Balance Long

–

246,152

–

Ending Notional Balance Short

–

250,550

–

Core 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 Short

–

739,660

Ending Notional Balance Short

–

795,493

Equity Contracts

Average Notional Balance Long

96,566

–

3,135

–

Average Notional Balance Short

27,945

–

50,859

1,080

700,411

Ending Notional Balance Long

193,133

–

6,271

–

Ending Notional Balance Short

55,891

–

1,202

287,973

Interest Contracts

Average Notional Balance Long

1,488,533

–

318

–

Average Notional Balance Short

532,201

–

2,388,216

Ending Notional Balance Long

1,364,197

–

Ending Notional Balance Short

512,731

–

1,610,802

Forward Foreign Currency Contracts:

Average Notional Balance Long

96,600

–

213,784

30,758

906,991

Average Notional Balance Short

99,528

–

216,018

29,722

916,905

Ending Notional Balance Long

193,199

–

50,085

61,516

1,813,982

Ending Notional Balance Short

199,056

–

50,045

59,443

1,833,811

Swaps:

Total Return Contracts

Average Notional Balance Long

–

4,349

–

Ending Notional Balance Long

–

3,783

–

Credit Contracts

Average Notional Balance Long

–

14,235

–

Average Notional Balance Short

83,908

4,953

–

970

–

Ending Notional Balance Long

–

17,759

–

Ending Notional Balance Short

135,940

9,906

–

654

–

Interest Contracts

Average Notional Balance

514,055

–

4,570

698,526

Ending Notional Balance

533,135

–

1,236

625,177

Equity Contracts

Average Notional Balance Long

–

10,363

13,131

Average Notional Balance Short

–

4,965

–

Ending Notional Balance Long

–

10,300

26,262

Ending Notional Balance Short

–

3,587

–

Commodity Contracts

Average Notional Balance Long

–

105,774

Average Notional Balance Short

–

Ending Notional Balance Long

–

37,456

Ending Notional Balance Short

–


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		307

Notes to Financial Statements/Consolidated Notes to Financial Statements (Unaudited) (Continued)

March 31, 2020


	Core Fixed Income Fund		High Yield Bond Fund		Dynamic Asset Allocation Fund		Multi-Strategy Alternative Fund		Multi-Asset Accumulation Fund
Options:

Equity
Average Notional Balance Long^†	$	–	$	–	$	249	$	822	$	–
Average Notional Balance Short^†		–		–		–		442		–
Ending Notional Balance Long^†		–		–		–		976		–
Ending Notional Balance Short^†		–		–		–		534		–
Interest
Average Notional Balance Long^†		619		–		2,357		–		–
Average Notional Balance Short^†		1,830		–		–		–		–
Ending Notional Balance Long^†		1,167		–		2,357		–		–
Ending Notional Balance Short^†		3,569		–		–		–		–
Currency
Average Notional Balance Long^†		179		–		821		–		–
Ending Notional Balance Long^†		359		–		1,641		–		–

					Multi-Asset Income Fund		Multi-Asset Inflation Managed Fund		Multi-Asset Capital Stability Fund
Futures Contracts:

Commodity Contracts
Average Notional Balance Long					$	–	$	127,031	$	–
Average Notional Balance Short						–		18,043		–
Ending Notional Balance Long						–		120,791		–
Ending Notional Balance Short						–		13,302		–
Equity Contracts
Average Notional Balance Long						44,469		1,419		77,669
Average Notional Balance Short						–		35,422		15,518
Ending Notional Balance Long						46,674		2,839		34,829
Ending Notional Balance Short						–		32,762		31,036
Interest Contracts
Average Notional Balance Long						310,883		13,528		83,981
Average Notional Balance Short						85,677		137,283		14,686
Ending Notional Balance Long						290,732		23,534		74,623
Ending Notional Balance Short						89,332		146,670		–
Forward Foreign Currency Contracts:
Average Notional Balance Long						–		21,274		97,510
Average Notional Balance Short						–		20,444		97,135
Ending Notional Balance Long						–		42,549		195,020
Ending Notional Balance Short						–		40,888		194,270
Swaps:

Total Return Contracts
Average Notional Balance Long						–		41,670		–
Ending Notional Balance Long						–		38,035		–
Credit Contracts
Average Notional Balance Long					$	7,906	$	47,290	$	–
Average Notional Balance Short						143,103		21,110		23,668
Ending Notional Balance Long						4,756		82,850		–
Ending Notional Balance Short						95,690		21,522		17,494
Interest Contracts
Average Notional Balance						121,835		163,647		13,748
Ending Notional Balance						91,930		213,496		11,014


308		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

Multi-Asset Income
Fund

Multi-Asset Inflation
Managed Fund

Multi-Asset Capital
Stability Fund

Swaps: (continued)

Options:

Commodity

Average Notional Balance Long^†

–

325

–

Average Notional Balance Short^†

–

118

–

Ending Notional Balance Long^†

–

275

–

Ending Notional Balance Short^†

–

129

–

Equity

Average Notional Balance Long^†

964

–

154

Average Notional Balance Short^†

3,976

–

Ending Notional Balance Long^†

1,710

–

Ending Notional Balance Short^†

5,944

–

Interest

Average Notional Balance Long^†

347

Average Notional Balance Short^†

272

Ending Notional Balance Long^†

121

693

160

Ending Notional Balance Short^†

543

Currency

Average Notional Balance Long^†

431

–

Average Notional Balance Short^†

293

–

Ending Notional Balance Long^†

659

–

Ending Notional Balance Short^†

468

–

^†	Represents cost.

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.


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		309

Notes to Financial Statements/Consolidated Notes to Financial Statements (Unaudited) (Continued)

March 31, 2020

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 March 31, 2020 ($ Thousands):


	Financial Derivative Assets								Financial Derivative Liabilities
	Market Value		Variation Margin Asset						Market Value		Variation Margin Liability
Fund	Purchased Options		Futures		Swap Agreements		Total		Written Options		Futures		Swap Agreements		Total
Large Cap Fund		$ —		$—		$ —		$ —		$ —		$ 208		$ —		$ 208
Large Cap Value Fund		—		—		—		—		—		97		—		97
Large Cap Growth Fund		—		—		—		—		—		214		—		214
Large Cap Index Fund		—		—		—		—		—		208		—		208
Tax-Managed Large Cap Fund		—		—		—		—		—		146		—		146
Small Cap Fund		—		—		—		—		—		320		—		320
S&P 500 Index Fund		—		—		—		—		—		457		—		457
Small Cap Value Fund		—		—		—		—		—		—		—		—
U.S. Managed Volatility Fund		—		—		—		—		—		451		—		451
Global Managed Volatility Fund		—		61		—		61		—		208		—		208
Tax-Managed Managed Volatility Fund		—		—		—		—		—		14		—		14
Tax-Managed International Managed Volatility Fund		—		102		—		102		—		50		—		50
Core Fixed Income Fund		1,098		2,286		1,984		5,368		3,906		461		3,432		7,799
High Yield Bond Fund		—		—		—		—		—		—		—		—
Dynamic Asset Allocation Fund		—		—		—		—		—		1,017		—		1,017
Multi-Strategy Alternative Fund		1,205		21		21		1,247		614		—		79		693
Multi-Asset Accumulation Fund		—		187		—		187		—		7,240		—		7,240
Multi-Asset Income Fund		1,350		221		617		2,188		15,113		1,372		350		16,835
Multi-Asset Inflation Managed Fund		242		1,479		3,323		5,044		208		1,170		2,860		4,238
Multi-Asset Capital Stability Fund		—		503		21		524		—		439		54		493
Total Exchange-Traded or Centrally Cleared		$3,895		$4,860		$5,966		$14,721		$19,841		$14,072		$6,775		$40,688

Securities with an aggregate market value of $0 ($ Thousands) have been pledged and $204,688 ($ Thousands) in cash has been pledged as collateral for exchange-traded and centrally cleared derivative instruments as of March 31, 2020.

The table below summarizes the collateral pledged by Fund:


	Securities at Aggregate Market Value ($ Thousands)		Cash ($ Thousands)		Total ($ Thousands)
Large Cap Fund	$	–	$	1,413	$	1,413
Large Cap Value Fund		–		746		746
Large Cap Growth Fund		–		1,278		1,278
Large Cap Index Fund		–		1,259		1,259
Tax-Managed Large Cap Fund		–		1,339		1,339
S&P 500 Index Fund		–		2,640		2,640
Small Cap Fund		–		7,498		7,498
Small Cap Value Fund		–		284		284
U.S. Managed Volatility Fund		–		2,609		2,609
Global Managed Volatility Fund		–		1,912		1,912
Tax-Managed Managed Volatility Fund		–		307		307
Tax-Managed International Managed Volatility Fund		–		1,556		1,556
Core Fixed Income Fund		–		7,388		7,388
High Yield Bond Fund		–		184		184
Dynamic Asset Allocation Fund		–		624		624
Multi-Strategy Alternative Fund		–		7,629		7,629


	Securities at Aggregate Market Value ($ Thousands)		Cash ($ Thousands)		Total ($ Thousands)
Multi-Asset Accumulation Fund	$	–	$	75,324	$	75,324
Multi-Asset Income Fund		–		64,820		64,820
Multi-Asset Inflation Managed Fund		–		15,896		15,896
Multi-Asset Capital Stability Fund		–		9,982		9,982
Total	$	–	$	204,688	$	204,688

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.


310		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

The following is a summary by counterparty of the market value of OTC financial derivative instruments and collateral (received)/pledged as of March 31, 2020 ($ Thousands):


	Financial Derivative Assets								Financial Derivative Liabilities
Global Managed Volatility 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⁾
Brown Brothers Harriman		$ 65		$ —		$ —		$ 65		$ (4,464)		$ —		$ —		$ —		$ (4,464)		$ (4,399)		$—		$ (4,399)
Total Over the Counter		$ 65		$ —		$ —		$ 65		$ (4,464)		$ —		$ —		$ —		$ (4,464)

	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⁾
BNP Paribas		$ 968		$ —		$ —		$ 968		$ —		$ —		$ —		$ —		$ —		$ 968		$ —		$ 968
Citigroup		699		—		—		699		(8,503)		—		—		—		(8,503)		(7,804)		—		(7,804)
Goldman Sachs		1,023		—		—		1,023		(44)		—		—		—		(44)		979		—		979
MSCO		—		14		—		14		—		(3,421)		—		—		(3,421)		(3,407)		—		(3,407)
Total Over the Counter		$ 2,690		$ 14		$ —		$ 2,704		$ (8,547)		$ (3,421)		$ —		$ —		$ (11,968)

	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		$ 44		$ 6,105		$ —		$ 6,149		$ (4)		$ —		$ —		$ —		$ (4)		$ 6,145		$ —		$ 6,145
BNP Paribas		—		—		1,864		1,864		—		—		—		—		—		1,864		—		1,864
Total Over the Counter		$ 44		$ 6,105		$ 1,864		$ 8,013		$ (4)		$ —		$ —		$ —		$ (4)

	Financial Derivative Assets								Financial Derivative Liabilities
Multi-Strategy Alternative 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		$ —		$ —		$ 1,258		$ 1,258		$ —		$ —		$ —		$ —		$ —		$ 1,258		$ —		$ 1,258
Barclays PLC		326		—		—		326		(92)		—		—		—		(92)		234		—		234
Citi		97		—		—		97		—		—		—		—		—		97		—		97
Deutsche Bank		194		—		—		194		(140)		—		(462)		—		(602)		(408)		—		(408)
Goldman Sachs		210		—		247		457		(20)		—		(57)		—		(77)		380		—		380
HSBC		27		—		—		27		(11)		—		—		—		(11)		16		—		16
JPMorgan Chase Bank		1,241		—		—		1,241		(485)		—		—		—		(485)		756		—		756
Merrill Lynch		126		—		—		126		(229)		—		—		—		(229)		(103)		—		(103)
Montgomery/Bank of America		4		—		—		4		—		—		—		—		—		4		—		4
Morgan Stanley		942		—		409		1,351		(180)		—		(401)		—		(581)		770		—		770
State Street		78		—		—		78		(54)		—		—		—		(54)		24		—		24
UBS		29		—		—		29		(26)		—		—		—		(26)		3		—		3
Westpac Banking		36		—		—		36		—		—		—		—		—		36		—		36
Total Over the Counter		$ 3,310		$ —		$ 1,914		$ 5,224		$ (1,237)		$ —		$ (920)		$ —		$ (2,157)

	Financial Derivative Assets								Financial Derivative Liabilities
Multi-Asset Accumulation 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		$ —		$ —		$ 285		$ 285		$ —		$ —		$ (294)		$ —		$ (294)		$(9)		$ —		$(9)
Bank of New York		10		—		—		10		(4)		—		—		—		(4)		6		—		6
Barclays PLC		—		—		—		—		(5,260)		—		—		—		(5,260)		(5,260)		13,713		8,453
BNP Paribas		354		—		—		354		—		—		—		—		—		354		—		354
Brown Brothers Harriman		—		—		—		—		—		—		—		—		—		—		—		—


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		311

Notes to Financial Statements/Consolidated Notes to Financial Statements (Unaudited) (Continued)

March 31, 2020


	Financial Derivative Assets								Financial Derivative Liabilities
Multi-Asset Accumulation 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⁾
Citigroup		16,002		—		137		16,139		(22,773)		—		(862)		—		(23,635)		(7,496)		—		(7,496)
JPMorgan Chase Bank		12,632		—		223		12,855		(22,080)		—		(1,250)		—		(23,330)		(10,475)		29,519		19,044
Merrill Lynch		—		—		—		—		—		—		—		—		—		—		—		—
State Street		1,456		—		—		1,456		(166)		—		—		—		(166)		1,290		—		1,290
Total Over the Counter		$ 30,454		$ —		$ 645		$ 31,099		$ (50,283)		$ —		$ (2,406)		$ —		$(52,689)

	Financial Derivative Assets								Financial Derivative Liabilities
Multi-Asset 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		$ —		$ —		$ —		$ —		$ —		$ —		$ —		$ —		$ —		$ —		$ 1,104		$ 1,104
Barclays PLC		515		—		—		515		(136)		—		—		—		(136)		379		—		379
BNP Paribas		307		—		—		307		(182)		—		—		—		(182)		125		—		125
Citibank		—		—		—		—		—		—		(171)		—		(171)		(171)		—		(171)
Citigroup		851		—		—		851		(2,349)		—		—		—		(2,349)		(1,498)		—		(1,498)
Goldman Sachs		1,499		—		—		1,499		(1,277)		—		—		—		(1,277)		222		—		222
JPMorgan Chase Bank		1,410		—		—		1,410		(421)		—		(15)		—		(436)		974		—		974
Morgan Stanley		907		—		—		907		(348)		—		—		—		(348)		559		13,724		14,283
State Street		63		—		—		63		—		—		—		—		—		63		—		63
Total Over the Counter		$ 5,552		$ —		$ —		$ 5,552		$ (4,713)		$ —		$ (186)		$ —		$ (4,899)		$ 648

	Financial Derivative Assets								Financial Derivative Liabilities
Multi-Asset Inflation Managed 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		$ —		$ 210		$ —		$ 210		$ (13)		$ —		$ —		$ —		$ (13)		$ 197		—		197
Barclays PLC		—		—		—		—		(24)		—		—		—		(24)		(24)		—		(24)
Brown Brothers Harriman		145		—		—		145		(43)		—		—		—		(43)		102		—		102
CGG		—		—		—		—		—		—		(56)		—		(56)		(56)		—		(56)
Chase Securities		—		—		—		—		—		—		(390)		(299,301)		(299,691)		(299,691)		—		(299,691)
Citibank		—		—		—		—		—		(227)		—		—		(227)		(227)		—		(227)
Citigroup		10		—		1,185		1,195		—		—		(2,765)		—		(2,765)		(1,570)		—		(1,570)
Deutsche Bank		—		—		—		—		—		—		(564)		—		(564)		(564)		—		(564)
Goldman Sachs		1,793		—		—		1,793		—		—		(1,037)		—		(1,037)		756		—		756
HSBC		—		—		—		—		(132)		—		—		—		(132)		(132)		—		(132)
JPMorgan Chase		—		235		—		235		(94)		(123)		(215)		—		(432)		(197)		—		(197)
Macquarie Bank Limited		—		—		—		—		—		—		(329)		—		(329)		(329)		—		(329)
Merrill Lynch		—		—		—		—		—		—		(371)		—		(371)		(371)		—		(371)
Societe Generale		—		—		18		18		—		—		(207)		—		(207)		(189)		—		(189)
Standard Bank		—		—		—		—		(100)		—		—		—		(100)		(100)		—		(100)
UBS		118		—		—		118		—		—		—		—		—		118		—		118
Total Over the Counter		$ 2,066		$ 445		$ 1,203		$ 3,714		$ (406)		$ (350)		$ (5,934)		$ (299,301)		$ (305,991))


312		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020


	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		$ 13		$ —		$ —		$ 13		$ (17)		$ —		$ —		$ —		$ (17)		$(4)		$—		$(4)
Bank of America		323		—		—		323		(93)		—		—		—		(93)		230		—		230
Barclays PLC		149		—		—		149		(270)		—		—		—		(270)		(121)		—		(121)
BNP Paribas		—		—		—		—		(112)		—		—		—		(112)		(112)		—		(112)
Brown Brothers Harriman		240		—		—		240		(91)		—		—		—		(91)		149		—		149
Citigroup		253		—		—		253		(50)		—		—		—		(50)		203		—		203
Credit Suisse		15		—		—		15		(54)		—		—		—		(54)		(39)		—		(39)
Deutsche Bank		119		—		—		119		(593)		—		—		—		(593)		(474)		—		(474)
Goldman Sachs		206		—		—		206		(161)		—		—		—		(161)		45		—		45
HSBC		24		—		—		24		(41)		—		—		—		(41)		(17)		—		(17)
JPMorgan Chase Bank		110		—		—		110		(812)		(233)		—		—		(1,045)		(935)		—		(935)
Morgan Stanley		161		—		—		161		(189)		—		—		—		(189)		(28)		—		(28)
RBS		49		—		—		49		(3)		—		—		—		(3)		46		—		46
Standard Bank		42		—		—		42		—		—		—		—		—		42		—		42
UBS		32		—		—		32		—		—		—		—		—		32		—		32
Total Over the Counter		$ 1,736		$ —		$ —		$ 1,736		$ (2,486)		$ (233)		$ —		$ —		$ (2,719)

(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 $233,673 ($ Thousands) have been pledged and $61,391 ($ Thousands) in cash as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of March 31, 2020.

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 March 31, 2020 ($ Thousands)		% of Total Net Assets at March 31, 2020
Dynamic Commodity Strategy Subsidiary, Ltd.		March 28, 2018		$54,760		8.6%
Accumulation Commodity Strategy Subsidiary, Ltd.		April 9, 2012		388,608		15.5%
Inflation Commodity Strategy Subsidiary Ltd.		April 9, 2012		126,664		16.6%


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		313

Notes to Financial Statements/Consolidated Notes to Financial Statements (Unaudited) (Continued)

March 31, 2020

Gains and losses attributed to the Funds’ investments in Subsidiaries are as follows:


	Dynamic Commodity Strategy Subsidiary, Ltd. ($ Thousands)		Accumulation Commodity Strategy, Ltd. ($ Thousands)		Inflation Commodity Strategy Subsidiary, Ltd. ($ Thousands)
Net Investment Income:
Investment Income	$	220	$	3,938	$	1,277
Net Realized Gain (Loss) on:
Investments		130		715		449
Futures Contracts		—		(91,982)		(11,941)
Swap Contracts		—		(4,128)		(8,571)
Options		—		—		(186)
Net Change in Unrealized Appreciation (Depreciation) on:
Investments		(1,246)		2,670		162
Futures Contracts		—		(16,769)		(10,786)
Swap Contracts		1,864		(1,260)		105
Options		—		—		16
Foreign Currency and Translation of Other Assets and Liabilities Denominated in Foreign Currency		—		—		—

Total gains and losses attributed to the Funds’ investment in Subsidiaries	$	968	$	(106,816)	$	(29,475)

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. (“the 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 Funds’ administrator and/or its affiliates have contractually agreed to waive fees or reimburse expenses for the S&P 500 Index Fund and the Core Fixed Income Fund until January 31, 2021, in order to keep total fund operating expenses (exclusive of interest from borrowings, brokerage commissions, taxes, Trustee fees and extraordinary expenses not incurred in the ordinary course of each Fund’s business) from exceeding the levels specified in the table below. These contractual waivers and reimbursements will only apply if a Fund’s total operating costs exceed the applicable thresholds and will not affect the Fund’s total operating expenses if they are less than the applicable thresholds. In other words, shareholders will pay the lower of a Fund’s actual total fund operating expenses or total fund operating expenses after contractual waivers and expense reimbursements. The contractual waiver and expense reimbursement are limited to the Fund’s direct operating expenses and, therefore, do not apply to indirect expenses incurred by the Fund, such as AFFE. The agreements may be amended or terminated only with the consent of the Board of Trustees.

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’


314		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

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 contractual and voluntary expense limitations for each fund:


	Advisory Fees		Shareholder Servicing Fee		Administrative Servicing Fee		Voluntary Expense Limitation
Large Cap Fund

Class F		0.3900%		0.25%		—	0.89%

Class Y		0.3900%		—		—	0.64%
Large Cap Value Fund

Class F		0.3500%		0.25%		—	0.89%

Class I		0.3500%		0.25%		0.25%	1.11%

Class Y		0.3500%		—		—	0.64%
Large Cap Growth Fund

Class F		0.4000%		0.25%		—	0.89%

Class I		0.4000%		0.25%		0.25%	1.11%

Class Y		0.4000%		—		—	0.64%
Large Cap Index Fund

Class F		0.0500%		0.25%		—	0.25%
Tax-Managed Large Cap Fund

Class F		0.4000%		0.25%		—	0.89%

Class Y		0.4000%		—		—	0.64%
S&P 500 Index Fund

Class F		0.0300%		0.25%		—	0.25%⁽¹⁾

Class I		0.0300%		0.25%		0.25%	0.65%
Small Cap Fund

Class F		0.6500%		0.25%		—	1.14%

Class Y		0.6500%		—		—	0.89%
Small Cap Value Fund

Class F		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		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		0.6500%		0.25%		—	1.11%

Class Y		0.6500%		—		—	0.89%
Mid-Cap Fund

Class F		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		0.6500%		0.25%		—	0.90%

Class I		0.6500%		0.25%		0.25%	1.15%

Class Y		0.6500%		—		—	0.65%
Global Managed Volatility Fund

Class F		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		0.6500%		0.25%		—	1.00%

Class Y		0.6500%		—		—	0.75%
Tax-Managed International Managed Volatility Fund

Class F		0.6500%		0.25%		—	1.11%

Class Y		0.6500%		—		—	0.86%


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		315

Notes to Financial Statements/Consolidated Notes to Financial Statements (Unaudited) (Continued)

March 31, 2020



	Advisory Fees		Shareholder Servicing Fee		Administrative Servicing Fee			Voluntary Expense Limitation

Real Estate Fund

Class F		0.6500%		0.25%		—		1.14%

Class I		0.6500%		0.25%		0.25	%	1.36%

Class Y		0.6500%		—		—		0.89%
Core Fixed Income Fund

Class F		0.2750%		0.25%		—		0.66%⁽²⁾

Class I		0.2750%		0.25%		0.25	%	0.88%

Class Y		0.2750%		—		—		0.41%⁽²⁾
High Yield Bond Fund

Class F		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		0.1000%		0.25%		—		0.30%

Class Y		0.1000%		—		—		0.20%
Tax-Free Conservative Income Fund

Class F		0.1000%		0.25%		—		0.30%

Class Y		0.1000%		—		—		0.20%
Real Return Fund

Class F		0.2200%		0.25%		—		0.45%

Class Y		0.2200%		—		—		0.35%
Dynamic Asset Allocation Fund

Class F		0.6000%		0.25%		—		0.75%

Class Y		0.6000%		—		—		0.50%
Multi-Strategy Alternative Fund ⁽³⁾

Class F		1.5000%		0.25%		—		1.26%

Class Y		1.5000%		—		—		1.01%
Multi-Asset Accumulation Fund

Class F		0.7500%		0.25%		—		1.17%

Class Y		0.7500%		—		—		0.92%
Multi-Asset Income Fund

Class F		0.6000%		0.25%		—		0.80%

Class Y		0.6000%		—		—		0.70%
Multi-Asset Inflation Managed Fund

Class F		0.5500%		0.25%		—		0.90%

Class Y		0.5500%		—		—		0.65%
Multi-Asset Capital Stability Fund

Class F		0.4000%		0.25%		—		0.62%

Class Y		0.4000%		—		—		0.52%

(1) Effective January 31, 2018, the Fund’s adviser, the Fund’s administrator and/ or the Fund’s distributor have contractually agreed to waive fees and/or reimburse expenses in order to keep total ordinary operating expenses (exclusive of interest from borrowing, brokerage commissions, taxes, Trustee fees, acquired fund fees and expenses and other extraordinary expenses not incurred in the ordinary course of the Fund’s business) from exceeding 0.29% for Class F. This fee waiver and reimbursement agreement shall remain in effect until January 31, 2021. The agreement may be amended or terminated only with the consent of the Board of Trustees.

(2) Effective August 10, 2018, the Fund’s adviser, the Fund’s administrator and/ or the Fund’s distributor have contractually agreed to waive fees and/or reimburse

expenses in order to keep total ordinary operating expenses (exclusive of interest from borrowing, brokerage commissions, taxes, Trustee fees, acquired fund fees and expenses and other extraordinary expenses not incurred in the ordinary course of the Fund’s business) from exceeding 0.66% for Class F and 0.41% for Class Y. This fee waiver and reimbursement agreement shall remain in effect until January 31, 2021. The agreement may be amended or terminated only with the consent of the Board of Trustees.

(3) Prior to January 31, 2020, the expense limitation was 1.20% and 0.95% for Class F and Class Y, respectively.

The following is a summary of annual fees payable to the Administrator:


	First $1.5 Billion			Next $500 Million			Next $500 Million			Next $500 Million			Over $3 Billion
Large Cap Fund		0.300	%		0.2550	%		0.2100	%		0.1650	%		0.120	%
Large Cap Value Fund		0.300	%		0.2550	%		0.2100	%		0.1650	%		0.120	%
Large Cap Growth Fund		0.300	%		0.2550	%		0.2100	%		0.1650	%		0.120	%
Large Cap Index Fund		0.300	%		0.2550	%		0.2100	%		0.1650	%		0.120	%
Tax-Managed Large Cap Fund		0.300	%		0.2550	%		0.2100	%		0.1650	%		0.120	%
Small Cap Fund		0.300	%		0.2550	%		0.2100	%		0.1650	%		0.120	%
Small Cap Value Fund		0.300	%		0.2550	%		0.2100	%		0.1650	%		0.120	%
Small Cap Growth Fund		0.300	%		0.2550	%		0.2100	%		0.1650	%		0.120	%
Tax-Managed Small/Mid Cap Fund		0.300	%		0.2550	%		0.2100	%		0.1650	%		0.120	%
Mid-Cap Fund		0.300	%		0.2550	%		0.2100	%		0.1650	%		0.120	%


316		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020


	First $1.5 Billion			Next $500 Million			Next $500 Million			Next $500 Million			Over $3 Billion
U.S. Managed Volatility Fund		0.300	%		0.2550	%		0.2100	%		0.1650	%		0.120	%
Global Managed Volatility Fund		0.300	%		0.2550	%		0.2100	%		0.1650	%		0.120	%
Tax-Managed Managed Volatility Fund		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	%		0.2550	%		0.2100	%		0.1650	%		0.120	%
Core Fixed Income Fund		0.200	%		0.1775	%		0.1550	%		0.1325	%		0.110	%
High Yield Bond Fund		0.200	%		0.1775	%		0.1550	%		0.1325	%		0.110	%
Conservative Income Fund		0.200	%		0.1775	%		0.1550	%		0.1325	%		0.110	%
Tax-Free Conservative Income Fund		0.200	%		0.1775	%		0.1550	%		0.1325	%		0.110	%
Real Return Fund		0.200	%		0.1775	%		0.1550	%		0.1325	%		0.110	%
Dynamic Asset Allocation Fund		0.300	%		0.2550	%		0.2100	%		0.1650	%		0.120	%
Multi-Strategy Alternative Fund		0.300	%		0.2550	%		0.2100	%		0.1650	%		0.120	%
Multi-Asset Accumulation Fund		0.300	%		0.2550	%		0.2100	%		0.1650	%		0.120	%
Multi-Asset Income Fund		0.300	%		0.2550	%		0.2100	%		0.1650	%		0.120	%
Multi-Asset Inflation Managed Fund		0.300	%		0.2550	%		0.2100	%		0.1650	%		0.120	%
Multi-Asset Capital Stability Fund		0.300	%		0.2550	%		0.2100	%		0.1650	%		0.120	%
S&P 500 Index Fund		0.220	%		0.2100	%		0.1650	%		0.120	%

As of March 31, 2020, SIMC has entered into investment sub-advisory agreements with the following affiliated and unaffiliated parties:

Investment Sub-Adviser

Large Cap Fund

Brandywine Global Investment Management, LLC

Ceredex Value Advisors, LLC

Coho Partners, Ltd.

Fred Alger Management, Inc.

LSV Asset Management*

MarVista Investment Partners, LLC

Parametric Portfolio Associates LLC

Large Cap Value Fund

AQR Capital Management, LLC

Brandywine Global Investment Management, LLC

LSV Asset Management*

Parametric Portfolio Associates LLC

Shafer Cullen Capital Management Inc.

Large Cap Growth Fund

Fiera Capital Inc.

Fred Alger Management, Inc.

McKinley Capital Management, LLC

Parametric Portfolio Associates LLC

Large Cap Index Fund

SSGA Funds Management, Inc.

Tax-Managed Large Cap Fund

Brandywine Global Investment Management, LLC

Coho Partners, Ltd.

Fiera Capital Inc.

LSV Asset Management*

MarVista Investment Partners, LLC

Parametric Portfolio Associates LLC

Shafer Cullen Capital Management

S&P 500 Index Fund

SSGA Funds Management, Inc.

Small Cap Fund

Copeland Capital Management, LLC

EAM Investors, LLC

Hillsdale Investment Management Inc

Los Angeles Capital Management and Equity Research Inc.

LMCG Investments, LLC

Parametric Portfolio Associates LLC

Snow Capital Management L.P.

Small Cap Value Fund

Cardinal Capital Management, LLC

LSV Asset Management*

Parametric Portfolio Associates LLC

Snow Capital Management, L.P.

Small Cap Growth Fund

361 Capital, LLC

ArrowMark Colorado Holdings LLC

EAM Investors LLC

FalconPoint Capital, LLC

Parametric Portfolio Associates LLC

Tax-Managed Small/Mid Cap Fund

Cardinal Capital Management, LLC

Hillsdale Investment Management Inc.

Martingale Asset Management, LLC

Parametric Portfolio Associates LLC

Rice Hall James & Associates LLC

Snow Capital Management L.P.

Mid-Cap Fund

Quantitative Management Associates LLC

U.S. Managed Volatility Fund

LSV Asset Management*

Wells Capital Management, Inc.

Global Managed Volatility Fund

Acadian Asset Management LLC

Wells Capital Management, Inc.

Tax-Managed Managed Volatility Fund

LSV Asset Management*

Parametric Portfolio Associates LLC

Wells Capital Management, Inc.

Tax-Managed International Managed Volatility Fund

Acadian Asset Management LLC


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		317

Notes to Financial Statements/Consolidated Notes to Financial Statements (Unaudited) (Continued)

March 31, 2020

LSV Asset Management*

Parametric Portfolio Associates LLC

Wells Capital Management, Inc.

Real Estate Fund

CenterSquare Investment Management LLC

Core Fixed Income Fund

Jennison Associates LLC

MetLife Investment Management, 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.

T. Rowe Price Associates, 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

Brigade Capital Management, LLC

EMSO Partners Limited Management, LLC

Kettle Hill Capital Management LLC

Mountaineer Partners Management, LLC

Putnam Investment 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

SSGA Funds Management Inc.

Western Asset Management Company

Western Asset Management Company Limited

Multi-Asset Inflation Managed Fund

AllianceBernstein, L.P.

Columbia Management Investments

Credit Suisse Asset Management, LLC

QS Investors, LLC

Multi-Asset Capital Stability Fund

AllianceBernstein, L.P.

Janus Capital Management, LLC

* Affiliated

Under the investment sub-advisory agreements, each sub-adviser receives a fee paid by SIMC.

Brokerage Commissions Paid to Affiliates — 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 six month period ended March 31, 2020 were as follows ($ Thousands):


Real Estate Fund	$	8

Payments to/from 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, Tax-Managed Managed Volatility and Tax-Managed International Managed Volatility Funds. For this service LSV Asset Management is entitled to receive a fee from SIMC. Such fees for the six month period ended March 31, 2020 were as follows ($ Thousands):


Large Cap Fund	$	286
Large Cap Value Fund		222
Tax-Managed Large Cap Fund		377
Small Cap Value Fund		316
U.S. Managed Volatility Fund		1,180
Tax-Managed Managed Volatility Fund		936
Tax-Managed International Managed Volatility Fund		231

	$	3,548

On April 20, 2018, SIMC made a capital contribution to the Large Cap Index Fund in the amount of $330,025. The capital contribution offset the Fund’s performance deviation from its benchmark that resulted from an unusually large unanticipated cash flow that came into the Fund shortly after launch.

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 six month period ended March 31, 2020, can be found on the


318		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

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.

Each of the Large Cap Index and S&P 500 Index Funds may purchase companies with which it is affiliated to the extent these companies are represented in its benchmark index.

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 Board. The interest rate imposed on interfund loans is the average of the Repo Rate and the Bank Loan Rate.

During the six month period ended March 31, 2020, the following Funds 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
High Yield Bond Fund	02/28/20	03/02/20	7,500	2	2.63%
High Yield Bond Fund	03/02/20	03/03/20	13,900	1	2.70%
High Yield Bond Fund	03/16/20	03/17/20	11,200	1	1.80%

7. CAPITAL SHARE TRANSACTIONS

Capital share transactions for the Funds were as follows (Thousands):

For the six month period ended March 31, 2020 and the year ended September 30, 2019.


	Large Cap Fund						Large Cap Value Fund						Large Cap Growth Fund						Large Cap Index Fund
	10/1/2019 to 3/31/2020 (Unaudited)			2019			10/1/2019 to 3/31/2020 (Unaudited)			2019			10/1/2019 to 3/31/2020 (Unaudited)			2019			10/1/2019 to 3/31/2020 (Unaudited)			2019
Class F:
Shares Issued		11,704			22,876			3,806			7,825			2,531			5,799			19,181			26,747
Shares Issued in Lieu of Dividends and Distributions		9,611			21,742			1,276			5,345			1,947			4,746			399			538
Shares Redeemed		(23,767	)		(42,937	)		(6,025	)		(11,012	)		(5,573	)		(9,338	)		(9,791	)		(6,611	)
Total Increase (Decrease) in Net Assets Derived from Class F Transactions		(2,452	)		1,681			(943	)		2,158			(1,095	)		1,207			9,789			20,674
Class I:
Shares Issued		–			–			11			20			6			8			–			–
Shares Issued in Lieu of Dividends and Distributions		–			–			3			16			3			11			–			–
Shares Redeemed		–			–			(25	)		(74	)		(14	)		(42	)		–			–
Total Decrease in Net Assets Derived from Class I Transactions		–			–			(11	)		(38	)		(5	)		(23	)		–			–
Class Y:
Shares Issued		2,041			2,661			493			1,462			289			982			–			–
Shares Issued in Lieu of Dividends and Distributions		602			1,293			170			604			242			468			–			–
Shares Redeemed		(2,841	)		(3,116	)		(500	)		(989	)		(435	)		(540	)		–			–
Total Increase (Decrease) in Net Assets Derived from Class Y Transactions		(198	)		838			163			1,077			96			910			–			–
Increase (Decrease) in Capital Shares		(2,650	)		2,519			(791	)		3,197			(1,004	)		2,094			9,789			20,674


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		319

Notes to Financial Statements/Consolidated Notes to Financial Statements (Unaudited) (Continued)

March 31, 2020


	Tax-Managed Large Cap Fund						S&P 500 Index Fund						Small Cap Fund						Small Cap Value Fund
	10/1/2019 to 3/31/2020 (Unaudited)			2019			10/1/2019 to 3/31/2020 (Unaudited)			2019			10/1/2019 to 3/31/2020 (Unaudited)			2019			10/1/2019 to 3/31/2020 (Unaudited)			2019
Class F:
Shares Issued		7,487			13,184			2,222			2,096			4,511			8,784			1,161			2,612
Shares Issued in Lieu of Dividends and Distributions		9,161			2,267			404			457			42			6,810			87			1,413
Shares Redeemed		(15,472	)		(23,199	)		(2,633	)		(3,693	)		(5,819	)		(13,777	)		(1,416	)		(3,858	)
Total Increase (Decrease) in Net Assets Derived from Class F Transactions		1,176			(7,748	)		(7	)		(1,140	)		(1,266	)		1,817			(168	)		167
Class I:
Shares Issued		–			–			9			20			–			–			15			13
Shares Issued in Lieu of Dividends and Distributions		–			–			2			2			–			–			—			10
Shares Redeemed		–			–			(25	)		(37	)		–			–			(16	)		(32	)
Total Decrease in Net Assets Derived from Class I Transactions		–			–			(14	)		(15	)		–			–			(1	)		(9	)
Class Y:
Shares Issued		820			4,633			–			–			726			979			412			566
Shares Issued in Lieu of Dividends and Distributions		1,222			287			–			–			6			377			16			182
Shares Redeemed		(2,624	)		(2,091	)		–			–			(742	)		(919	)		(347	)		(221	)
Total Increase (Decrease) in Net Assets Derived from Class Y Transactions		(582	)		2,829			–			–			(10	)		437			81			527
Increase (Decrease) in Capital Shares		594			(4,919	)		(21	)		(1,155	)		(1,276	)		2,254			(88	)		685
	Small Cap Growth Fund						Tax-Managed Small/Mid Cap Fund						Mid-Cap Fund						U.S. Managed Volatility Fund
	10/1/2019 to 3/31/2020 (Unaudited)			2019			10/1/2019 to 3/31/2020 (Unaudited)			2019			10/1/2019 to 3/31/2020 (Unaudited)			2019			10/1/2019 to 3/31/2020 (Unaudited)			2019
Class F:
Shares Issued		709			1,650			2,686			4,881			374			1,002			6,622			10,963
Shares Issued in Lieu of Dividends and Distributions		280			1,257			729			2,892			58			464			1,690			5,700
Shares Redeemed		(1,154	)		(2,676	)		(4,402	)		(7,370	)		(852	)		(1,886	)		(9,945	)		(15,224	)
Total Increase (Decrease) in Net Assets Derived from Class F Transactions		(165	)		231			(987	)		403			(420	)		(420	)		(1,633	)		1,439
Class I:
Shares Issued		3			7			–			–			1			3			2			6
Shares Issued in Lieu of Dividends and Distributions		1			8			–			–			–			4			3			8
Shares Redeemed		(6	)		(20	)		–			–			(3	)		(6	)		(3	)		(2	)
Total Increase (Decrease) in Net Assets Derived from Class I Transactions		(2	)		(5	)		–			–			(2	)		1			2			12
Class Y:
Shares Issued		64			247			630			1,405			41			32			15,311			21,016
Shares Issued in Lieu of Dividends and Distributions		31			113			103			315			2			13			2,008			4,857
Shares Redeemed		(83	)		(113	)		(667	)		(591	)		(46	)		(43	)		(13,948	)		(10,515	)
Total Increase (Decrease) in Net Assets Derived from Class Y Transactions		12			247			66			1,129			(3	)		2			3,371			15,358
Increase (Decrease) in Capital Shares		(155	)		473			(921	)		1,532			(425	)		(417	)		1,740			16,809


320		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020


	Global Managed Volatility Fund						Tax-Managed Managed Volatility Fund						Tax-Managed International Managed Volatility Fund						Real Estate Fund
	10/1/2019 to 3/31/2020 (Unaudited)			2019			10/1/2019 to 3/31/2020 (Unaudited)			2019			10/1/2019 to 3/31/2020 (Unaudited)			2019			10/1/2019 to 3/31/2020 (Unaudited)			2019
Class F:
Shares Issued		10,674			19,429			5,010			9,626			4,630			8,345			677			1,250
Shares Issued in Lieu of Dividends and Distributions		4,305			8,609			1,471			2,427			754			728			420			488
Shares Redeemed		(16,396	)		(33,529	)		(9,450	)		(14,856	)		(4,455	)		(9,446	)		(1,502	)		(1,569	)
Total Increase (Decrease) in Net Assets Derived from Class F Transactions		(1,417	)		(5,491	)		(2,969	)		(2,803	)		929			(373	)		(405	)		169
Class I:
Shares Issued		2			5			–			–			–			–			—			1
Shares Issued in Lieu of Dividends and Distributions		5			11			–			–			–			–			2			3
Shares Redeemed		(6	)		(24	)		–			–			–			–			—			(8	)
Total Increase (Decrease) in Net Assets Derived from Class I Transactions		1			(8	)		–			–			–			–			2			(4	)
Class Y:
Shares Issued		4,330			5,399			667			1,642			1,601			2,456			260			224
Shares Issued in Lieu of Dividends and Distributions		1,116			1,906			134			198			104			67			171			198
Shares Redeemed		(4,424	)		(7,427	)		(691	)		(1,424	)		(264	)		(826	)		(820	)		(535	)
Total Increase (Decrease) in Net Assets Derived from Class Y Transactions		1,022			(122	)		110			416			1,441			1,697			(389	)		(113	)
Increase (Decrease) in Capital Shares		(394	)		(5,621	)		(2,859	)		(2,387	)		2,370			1,324			(792	)		52
	Core Fixed Income Fund						High Yield Bond Fund						Conservative Income Fund						Tax-Free Conservative Income Fund
	10/1/2019 to 3/31/2020 (Unaudited)			2019			10/1/2019 to 3/31/2020 (Unaudited)			2019			10/1/2019 to 3/31/2020 (Unaudited)			2019			10/1/2019 to 3/31/2020 (Unaudited)			2019
Class F:
Shares Issued		32,207			57,929			17,296			55,885			16,204			20,692			6,123			6,060
Shares Issued in Lieu of Dividends and Distributions		6,614			8,578			6,233			13,337			139			388			70			173
Shares Redeemed		(38,066	)		(75,678	)		(37,442	)		(68,200	)		(6,191	)		(19,148	)		(3,493	)		(6,229	)
Total Increase (Decrease) in Net Assets Derived from Class F Transactions		755			(9,171	)		(13,913	)		1,022			10,152			1,932			2,700			4
Class I:
Shares Issued		12			267			10			5,899			–			–			–			–
Shares Issued in Lieu of Dividends and Distributions		7			8			2			5			–			–			–			–
Shares Redeemed		(69	)		(414	)		(1,744	)		(4,191	)		–			–			–			–
Total Increase (Decrease) in Net Assets Derived from Class I Transactions		(50	)		(139	)		(1,732	)		1,713			–			–			–			–
Class Y:
Shares Issued		4,164			8,411			3,310			5,701			592			1,292			73			2,477
Shares Issued in Lieu of Dividends and Distributions		836			1,115			916			1,820			18			57			7			26
Shares Redeemed		(5,591	)		(7,982	)		(4,923	)		(5,585	)		(935	)		(1,787	)		(1,075	)		(1,942	)
Total Increase (Decrease) in Net Assets Derived from Class Y Transactions		(591	)		1,544			(697	)		1,936			(325	)		(438	)		(995	)		561
Increase (Decrease) in Capital Shares		114			(7,766	)		(16,342	)		4,671			9,827			1,494			1,705			565


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		321

Notes to Financial Statements/Consolidated Notes to Financial Statements (Unaudited) (Continued)

March 31, 2020


	Real Return Fund						Dynamic Asset Allocation Fund						Multi-Strategy Alternative Fund						Multi-Asset Accumulation Fund
	10/1/2019 to 3/31/2020 (Unaudited)			2019			10/1/2019 to 3/31/2020 (Unaudited)			2019			10/1/2019 to 3/31/2020 (Unaudited)			2019			10/1/2019 to 3/31/2020 (Unaudited)			2019
Class F:
Shares Issued		4,122			4,947			4,367			8,850			4,443			8,335			20,449			36,812
Shares Issued in Lieu of Dividends and Distributions		60			491			824			1,119			447			2,184			29,564			8,008
Shares Redeemed		(3,298	)		(6,717	)		(7,555	)		(15,632	)		(5,561	)		(11,839	)		(32,157	)		(65,271	)
Total Increase (Decrease) in Net Assets Derived from Class F Transactions		884			(1,279	)		(2,364	)		(5,663	)		(671	)		(1,320	)		17,856			(20,451	)
Class Y:
Shares Issued		515			1,250			621			1,150			77			646			2,500			3,908
Shares Issued in Lieu of Dividends and Distributions		8			49			65			132			11			27			2,615			757
Shares Redeemed		(549	)		(545	)		(2,667	)		(1,875	)		(208	)		(240	)		(5,391	)		(7,121	)
Total Increase (Decrease) in Net Assets Derived from Class Y Transactions		(26	)		754			(1,981	)		(593	)		(120	)		433			(276	)		(2,456	)
Increase (Decrease) in Capital Shares		858			(525	)		(4,345	)		(6,256	)		(791	)		(887	)		17,580			(22,907	)
	Multi-Asset Income Fund						Multi-Asset Inflation Managed Fund						Multi-Asset Capital Stability Fund
	10/1/2019 to 3/31/2020 (Unaudited)			2019			10/1/2019 to 3/31/2020 (Unaudited)			2019			10/1/2019 to 3/31/2020 (Unaudited)			2019
Class F:
Shares Issued		8,910			13,813			9,536			16,008			13,228			15,397
Shares Issued in Lieu of Dividends and Distributions		1,585			2,342			1,325			1,707			1,895			287
Shares Redeemed		(10,613	)		(19,246	)		(10,730	)		(22,661	)		(9,650	)		(17,719	)
Total Increase (Decrease) in Net Assets Derived from Class F Transactions		(118	)		(3,091	)		131			(4,946	)		5,473			(2,035	)
Class Y:
Shares Issued		1,743			2,450			567			1,575			406			1,096
Shares Issued in Lieu of Dividends and Distributions		361			563			108			146			166			27
Shares Redeemed		(1,730	)		(4,934	)		(1,488	)		(2,460	)		(865	)		(952	)
Total Increase (Decrease) in Net Assets Derived from Class Y Transactions		374			(1,921	)		(813	)		(739	)		(293	)		171
Increase (Decrease) in Capital Shares		256			(5,012	)		(682	)		(5,685	)		5,180			(1,864	)

8. INVESTMENT TRANSACTIONS

The cost of security purchases and proceeds from the sale of securities, other than temporary cash investments, during the six month period ended March 31, 2020, were as follows:


	U.S. Gov’t ($ Thousands)		Other ($ Thousands)		Total ($ Thousands)
Large Cap Fund
Purchases	$	—	$	722,168	$	722,168
Sales		—		950,834		950,834
Large Cap Value Fund
Purchases		—		368,626		368,626
Sales		—		387,105		387,105
Large Cap Growth Fund
Purchases		—		384,368		384,368
Sales		—		488,138		488,138
Large Cap Index Fund
Purchases		—		124,196		124,196
Sales		—		13,587		13,587
Tax-Managed Large Cap Fund
Purchases		—		788,433		788,433
Sales		—		1,032,707		1,032,707


	U.S. Gov’t ($ Thousands)		Other ($ Thousands)		Total ($ Thousands)
S&P 500 Index Fund
Purchases	$	—	$	68,743	$	68,743
Sales		—		101,103		101,103
Small Cap Fund
Purchases		—		423,396		423,396
Sales		—		478,102		478,102
Small Cap Value Fund
Purchases		—		105,854		105,854
Sales		—		103,684		103,684
Small Cap Growth Fund
Purchases		—		256,631		256,631
Sales		—		277,485		277,485
Tax-Managed Small/Mid Cap Fund
Purchases		—		408,578		408,578
Sales		—		490,082		490,082
Mid-Cap Fund
Purchases		—		36,430		36,430
Sales		—		45,152		45,152
U.S. Managed Volatility Fund
Purchases		—		569,749		569,749
Sales		—		589,501		589,501
Global Managed Volatility Fund
Purchases		—		370,291		370,291
Sales		—		423,963		423,963


322		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020


	U.S. Gov’t ($ Thousands)		Other ($ Thousands)		Total ($ Thousands)
Tax-Managed Managed Volatility Fund
Purchases		—		6,844		6,844
Sales		—		3,379		3,379
Tax-Managed International Managed Volatility Fund
Purchases		—		126,826		126,826
Sales		—		122,480		122,480
Real Estate Fund
Purchases		—		79,344		79,344
Sales		—		97,359		97,359
Core Fixed Income Fund
Purchases		5,691,638		1,436,577		7,128,215
Sales		5,931,524		1,381,974		7,313,498
High Yield Bond Fund
Purchases		—		549,638		549,638
Sales		—		610,689		610,689
Conservative Income Fund
Purchases		—		—		—
Sales		—		—		—
Tax-Free Conservative Income Fund
Purchases		—		—		—
Sales		—		—		—
Real Return Fund
Purchases		55,419		—		55,419
Sales		49,389		—		49,389
Dynamic Asset Allocation Fund
Purchases		—		47,657		47,657
Sales		—		114,715		114,715
Multi-Strategy Alternative Fund
Purchases		—		711,459		711,459
Sales		—		693,589		693,589
Multi-Asset Accumulation Fund
Purchases		317,017		335,467		652,484
Sales		639,516		241,071		880,587
Multi-Asset Income Fund
Purchases		551,358		244,562		795,920
Sales		553,343		271,168		824,511
Multi-Asset Inflation Managed Fund
Purchases		166,235		62,583		228,818
Sales		172,992		61,232		234,224
Multi-Asset Capital Stability Fund
Purchases		70,285		19,640		89,925
Sales		153,841		19,855		173,696

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 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”. The Treasury released a proposed regulation in October 2016 stating that income inclusion from a controlled foreign corporation is treated as dividends i.e. qualifying income only to the extent that the Funds received cash distributions from the subsidiary. The Treasury released a final regulation in March 2019 reversing its position on the proposed regulation by removing the cash distribution requirement. As a conservative measure, the Funds will continue to follow their existing distribution policy.

The Real Estate Fund has a tax year that ends on December 31. The following tax disclosures are representative as of September 30, 2019, except for the permanent reclassification and tax character of distributions, which are as of December 31, 2018. 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, 2019.

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, distributable earnings, as appropriate, in the period that the differences arise.


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		323

Notes to Financial Statements/Consolidated Notes to Financial Statements (Unaudited) (Continued)

March 31, 2020

The tax character of dividends and distributions paid during the fiscal years or periods ended September 30, 2019 or September 30, 2018 (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
	2019	$	63,187	$	249,425	$	—	$	—	$	312,612
	2018		24,161		163,013		—		—		187,174
Large Cap Value Fund
	2019		38,436		101,919		—		—		140,355
	2018		22,219		48,679		—		—		70,898
Large Cap Growth Fund
	2019		26,844		148,720		—		—		175,564
	2018		4,438		118,351		—		—		122,789
Large Cap Index Fund
	2019		5,225		226		—		—		5,451
	2018		1,229		—		—		—		1,229
Tax-Managed Large Cap Fund
	2019		45,630		27,405		—		—		73,035
	2018		31,067		46,098		—		—		77,165
S&P 500 Index Fund
	2019		17,279		14,403		—		—		31,682
	2018		17,056		5,078		—		—		22,134
Small Cap Fund
	2019		27,739		51,099		—		—		78,838
	2018		5,565		38,028		—		—		43,593
Small Cap Value Fund
	2019		9,854		24,382		—		—		34,236
	2018		3,700		29,488		—		—		33,188
Small Cap Growth Fund
	2019		9,428		36,322		—		—		45,750
	2018		—		1,186		—		—		1,186
Tax-Managed Small/Mid Cap Fund
	2019		4,292		66,298		—		—		70,590
	2018		724		16,005		—		—		16,729
Mid-Cap Fund
	2019		4,906		8,115		—		—		13,021
	2018		4,862		4,552		—		—		9,414
U.S. Managed Volatility Fund
	2019		46,210		140,953		—		—		187,163
	2018		47,998		111,818		—		—		159,816
Global Managed Volatility Fund
	2019		35,198		86,795		—		—		121,993
	2018		26,382		76,034		—		—		102,416
Tax-Managed Managed Volatility Fund
	2019		17,492		30,837		—		—		48,329
	2018		15,125		28,360		—		—		43,485
Tax-Managed International Managed Volatility Fund
	2019		8,922		—		—		—		8,922
	2018		9,141		—		—		—		9,141
Real Estate Fund
	2019		1,882		9,180		—		—		11,062
	2018		2,513		13,955		—		—		16,468
Core Fixed Income Fund
	2019		118,680		—		—		—		118,680
	2018		62,547		—		—		—		62,547


324		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020


		Ordinary Income ($ Thousands)		Long-term Capital Gain ($ Thousands)		Return of Capital ($ Thousands)		Tax Exempt Income ($ Thousands)		Total ($ Thousands)
High Yield Bond Fund
	2019	$	115,162	$	—	$	—	$	—	$	115,162
	2018		108,348		—		—		—		108,348
Conservative Income Fund
	2019		6,029		—		—		—		6,029
	2018		3,625		—		—		—		3,625
Tax-Free Conservative Income Fund
	2019		—		5		—		2,440		2,445
	2018		—		—		—		1,660		1,660
Real Return Fund
	2019		6,427		—		—		—		6,427
	2018		3,769		—		—		—		3,769
Dynamic Asset Allocation Fund
	2019		14,835		—		—		—		14,835
	2018		12,839		—		—		—		12,839
Multi-Strategy Alternative Fund
	2019		8,425		14,279		—		—		22,704
	2018		11,213		—		—		—		11,213
Multi-Asset Accumulation Fund
	2019		77,546		7,028		—		—		84,574
	2018		55,747		79,460		—		—		135,207
Multi-Asset Income Fund
	2019		35,715		—		—		—		35,715
	2018		35,157		2,671		2,095		—		39,923
Multi-Asset Inflation Managed Fund
	2019		16,073		—		—		—		16,073
	2018		12,654		—		—		—		12,654
Multi-Asset Capital Stability Fund
	2019		3,823		—		—		—		3,823
	2018		21,764		5,775		—		—		27,539

As of September 30, 2019, 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	$	8,055	$	137,273	$	—	$	—		$	—		$	—		$	455,957	$	(7	)	$	601,278
Large Cap Value Fund		11,779		21,200		—		—			—			—			214,412		(5	)		247,386
Large Cap Growth Fund		2,821		81,977		—		—			—			—			464,279		(2	)		549,075
Large Cap Index Fund		1,992		165		—		—			—			—			24,462		—			26,619
Tax-Managed Large Cap Fund		13,034		294,023		—		—			—			—			1,812,354		4			2,119,415
S&P 500 Index Fund		3,357		22,015		—		—			—			—			508,458		(4	)		533,826
Small Cap Fund		252		—		—		(1,718	)		(16,167	)		—			31,469		66			13,902
Small Cap Value Fund		1,552		—		—		—			(6,060	)		—			16,038		(2	)		11,528
Small Cap Growth Fund		—		10,441		—		—			—			(852	)		12,796		1			22,386
Tax-Managed Small/Mid Cap Fund		990		18,055		—		—			—			—			250,855		—			269,900
Mid-Cap Fund		301		1,401		—		—			—			—			7,061		(2	)		8,761
U.S. Managed Volatility Fund		8,156		44,181		—		—			—			—			301,068		3			353,408
Global Managed Volatility Fund		27,612		35,165		—		—			—			—			162,230		—			225,007
Tax-Managed Managed Volatility Fund		3,733		20,821		—		—			—			—			430,528		(2	)		455,080
Tax-Managed International Managed Volatility Fund		10,062		—		—		(12,216	)		(13,448	)		—			35,027		2			19,427


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		325

Notes to Financial Statements/Consolidated Notes to Financial Statements (Unaudited) (Continued)

March 31, 2020


	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)
Real Estate Fund	$	—	$	7,221	$	—	$	—		$	—		$	—	$	29,686		$	(2	)	$	36,905
Core Fixed Income Fund		46,457		—		—		(1,763	)		—			—		101,105			(36,491	)		109,308
High Yield Bond Fund		6,970		—		—		(64,298	)		—			—		(123,184	)		(7,574	)		(188,086	)
Conservative Income Fund		84		—		—		—			—			—		62			(102	)		44
Tax-Free Conservative Income Fund		—		—		31		—			(15	)		—		4			(29	)		(9	)
Real Return Fund		448		—		—		(5,267	)		—			—		(104	)		(956	)		(5,879	)
Dynamic Asset Allocation Fund		13,342		—		—		(19,784	)		—			—		225,645			1			219,204
Multi-Strategy Alternative Fund		2,117		—		—		—			(13,714	)		—		(2,659	)		(836	)		(15,092	)
Multi-Asset Accumulation Fund		199,188		128,747		—		—			—			—		(174,510	)		(12,192	)		141,233
Multi-Asset Income Fund		8,803		—		—		(17	)		—			—		34,426			(4,088	)		39,124
Multi-Asset Inflation Managed Fund		10,729		—		—		(32,455	)		(12,071	)		—		(105,835	)		(3,538	)		(143,170	)
Multi-Asset Capital Stability Fund		19,443		417		—		—			—			—		4,591			(1,622	)		22,829

Post October losses represent losses realized on investment transactions from November 1, 2018 through September 30, 2019 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, 2019 through September 30, 2019 and specified losses realized on investment transactions from November 1, 2018 through September 30, 2019, 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. 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)
Small Cap Fund	$	1,718	$	–	$	1,718
Tax-Managed International Managed Volatility Fund		12,216		–		12,216
Real Return Fund		1,350		3,917		5,267
Core Fixed Income Fund⁽¹⁾		227		1,536		1,763
Dynamic Asset Allocation Fund		18,596		1,188		19,784
Multi-Asset Income Fund		17		–		17
Multi-Asset Inflation Managed Fund		32,455		–		32,455

*	This table should be used in conjunction with the capital loss carryforwards table.

(1)	The Utilization is subject to a limitation.

During the fiscal year ended September 30, 2019, the following Funds utilized capital loss carryforward to offset capital gains:


	Amount Utilized ($ Thousands)
Core Fixed Income Fund		56,915
Multi-Asset Income Fund		2,591

For Federal income tax purposes, the cost of investments owned at March 31, 2020, and the net realized gains or losses on investments 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 March 31, 2020, were as follows:


326		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020


	Federal Tax Cost ($ Thousands)		Appreciated Securities ($ Thousands)		Depreciated Securities ($ Thousands)			Net Unrealized Appreciation (Depreciation) ($ Thousands)
Large Cap Fund	$	1,651,048	$	325,103	$	(203,857	)	$	121,246
Large Cap Value Fund		1,058,653		110,084		(180,378	)		(70,294	)
Large Cap Growth Fund		938,956		415,033		(54,469	)		360,564
Large Cap Index Fund		534,266		28,791		(82,436	)		(53,645	)
Tax-Managed Large Cap Fund		1,899,559		1,309,853		(45,069	)		1,264,784
S&P 500 Index Fund		336,101		408,847		(27,688	)		381,159
Small Cap Fund		512,617		27,797		(77,471	)		(49,674	)
Small Cap Value Fund		283,042		14,967		(83,884	)		(68,917	)
Small Cap Growth Fund		287,423		19,536		(59,860	)		(40,324	)
Tax-Managed Small/Mid Cap Fund		589,288		126,679		(84,092	)		42,587
Mid-Cap Fund		88,266		4,002		(23,169	)		(19,167	)
U.S. Managed Volatility Fund		1,525,394		140,688		(218,620	)		(77,932	)
Global Managed Volatility Fund		1,100,254		79,845		(174,932	)		(95,087	)
Tax-Managed Managed Volatility Fund		601,601		275,700		(34,331	)		241,369
Tax-Managed International Managed Volatility Fund		337,174		23,591		(38,714	)		(15,123	)
Real Estate Fund		94,278		11,721		(15,399	)		(3,678	)
Core Fixed Income Fund		4,549,201		143,193		(107,429	)		35,764
High Yield Bond Fund		1,490,287		25,032		(256,764	)		(231,732	)
Conservative Income Fund		356,466		108		(235	)		(127	)
Tax-Free Conservative Income Fund		198,682		4		(55	)		(51	)
Real Return Fund		260,392		1,263		(1,956	)		(693	)
Dynamic Asset Allocation Fund		486,724		190,340		(57,501	)		132,839
Multi-Strategy Alternative Fund		412,837		7,649		(30,578	)		(22,929	)
Multi-Asset Accumulation Fund		1,370,724		37,278		(31,754	)		5,524
Multi-Asset Income Fund		883,363		39,879		(123,755	)		(83,876	)
Multi-Asset Inflation Managed Fund		1,002,615		60,812		(92,004	)		(31,192	)
Multi-Asset Capital Stability Fund		436,619		3,098		(2,506	)		592

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, 2019, 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 Board. 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, 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 rata portion of the Liquidity Fund’s expenses and is subject to the risk of loss in the underlying investments of the Liquidity Fund. There is no guarantee that these investments will not lose value.


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		327

Notes to Financial Statements/Consolidated Notes to Financial Statements (Unaudited) (Continued)

March 31, 2020

The following is a summary of securities lending agreements held by certain Funds which would be subject to offset as of March 31, 2020 ($ Thousands):


	Securities Loaned at Value		Cash Collateral Received (1)		Net Amount
Large Cap Fund	$	17,177	$	17,177	$	–
Large Cap Value Fund		15,443		15,443		–
Large Cap Growth Fund		22,639		22,639		–
Large Cap Index Fund		530		530		–
Tax-Managed Large Cap Fund		27,284		27,284		–
S&P 500 Index Fund		389		389		–
Small Cap Fund		15,186		15,186		–
Small Cap Value Fund		5,518		5,518		–
Small Cap Growth Fund		11,200		11,200		–
Tax-Managed Small/Mid Cap Fund		12,173		12,173		–
U.S. Managed Volatility Fund		252		252		–
Global Managed Volatility Fund		1,338		1,338		–
Tax- Managed Volatility Fund		176		176		–
Core Fixed Income Fund		37,854		37,854		–

(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.

To the extent consistent with its investment strategy a Fund may have one or more of the following principle risks:

Arbitrage Strategies Risk — Arbitrage strategies involve engaging in transactions that attempt to exploit price differences of identical, related or similar securities on different markets or in different forms. The Fund may realize losses or a reduced rate of return if underlying relationships among securities in which it takes investment positions change in an adverse manner or if a transaction is unexpectedly terminated or delayed. Trading to seek short-term capital appreciation can be expected to cause the Fund’s portfolio turnover rate to be substantially higher than that of the average equity-oriented investment company.

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. Securitization trusts generally do not have any assets or sources of funds other than

the receivables and related property they own, and asset-backed securities are generally not insured or guaranteed by the related sponsor or any other entity. Asset-backed securities may be more illiquid than more conventional types of fixed income securities that the Fund may acquire.

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 in the loan. The Fund may also have difficulty disposing of bank loans because, in certain cases, the market for such instruments is not highly liquid.

Below Investment Grade Securities (Junk Bonds) Risk — Fixed income securities rated below investment grade ( junk bonds) involve greater risks of default or downgrade and are generally more volatile than investment grade securities because the prospect for repayment of principal and interest of many of these securities is speculative. Because these securities typically offer a higher rate of return to compensate investors for these risks, they are sometimes referred to as “high yield bonds,” but there is no guarantee that an investment in these securities will result in a high rate of return.

Call Risk — Issuers of callable bonds may call (redeem) securities with higher coupons or interest rates before their maturity dates. The Fund may be forced to reinvest the unanticipated proceeds at lower interest rates, resulting in a decline in the Fund’s income. Bonds may be called due to falling interest rates or non-economical circumstances.

Collateralized Debt Obligations (CDOs) and Collateralized Loan Obligations (CLOs) Risk — CDOs and CLOs are securities backed by an underlying portfolio of debt and loan obligations, respectively. CDOs and CLOs issue classes or “tranches” that vary in risk and yield and may experience substantial losses due to actual defaults, decrease in market value due to collateral defaults and removal of subordinate tranches, market anticipation of defaults and investor aversion to CDO and CLO securities as a class. The risks of investing in CDOs and CLOs depend largely on the tranche invested in and the type of the underlying debts and loans in the tranche of the CDO or CLO, respectively, in which the Fund invests. CDOs and CLOs also carry risks including, but not limited to, interest rate risk and credit risk, which are described below. For example, a liquidity crisis in the global credit markets could cause substantial fluctuations in prices for leveraged loans and high-yield debt securities and limited liquidity for such instruments. When the Fund invests in CDOs or CLOs, in addition to directly bearing the expenses associated with its own


328		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

operations, it may bear a pro rata portion of the CDO’s or CLO’s expenses.

Commercial Paper Risk — Commercial paper is a short-term obligation with a maturity generally ranging from one to 270 days and is issued by U.S. or foreign companies or other entities in order to finance their current operations. Such investments are unsecured and usually discounted from their value at maturity. The value of commercial paper may be affected by changes in the credit rating or financial condition of the issuing entities and will tend to fall when interest rates rise and rise when interest rates fall. Asset-backed commercial paper may be issued by structured investment vehicles or other conduits that are organized to issue the commercial paper and to purchase trade receivables or other financial assets. The repayment of asset-backed commercial paper depends primarily on the cash collections received from such issuer’s underlying asset portfolio and the issuer’s ability to issue new asset-backed commercial paper.

Commodity Investments and Derivatives Risk — Commodity investments and derivatives may be more volatile and less liquid than direct investments in the underlying commodities themselves. Commodity related equity returns can also be affected by the issuer’s financial structure or the performance of unrelated businesses. The value of a commodity investment or a derivative investment in commodities is typically based upon the price movements of a physical commodity, a commodity futures contract or commodity index or some other readily measurable economic variable that is dependent upon changes in the value of commodities or the commodities markets. The value of these securities will rise or fall in response to changes in the underlying commodity or related benchmark or investment, changes in interest rates or factors affecting a particular industry or commodity, such as natural disasters, weather and U.S. and international economic, political and regulatory developments.

Commodity-Linked Securities Risk — Investments in commodity-linked securities may be more volatile and less liquid than direct investments in the underlying commodities themselves. Commodity-related equity returns can also be affected by the issuer’s financial structure or the performance of unrelated businesses.

Concentration Risk — A downturn in the financial services industry would impact the Fund more than a portfolio that does not concentrate in securities issued by companies in the financial services industry.

Convertible and Preferred Securities Risk —

Convertible and preferred securities have many of the same characteristics as stocks, including many of the same risks. In addition, convertible securities may be

more sensitive to changes in interest rates than stocks. Convertible securities may also have credit ratings below investment grade, meaning that they carry a higher risk of failure by the issuer to pay principal and/or interest when due.

Corporate Fixed Income Securities Risk — Corporate fixed income securities respond to economic developments, especially changes in interest rates, as well as perceptions of the creditworthiness and business prospects of individual issuers.

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 — As a result of the Fund’s investments in securities or other investments denominated in, and/ or receiving revenues in, foreign currencies, the Fund will be subject to currency risk. Currency risk is the risk that foreign currencies will decline in value relative to the U.S. dollar or, in the case of hedging positions, that the U.S. dollar will decline in value relative to the currency hedged. In either event, the dollar value of an investment in the Fund would be adversely affected. 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.

Depositary Receipts Risk — Depositary receipts, such as ADRs, are certificates evidencing ownership of shares of a foreign issuer that are issued by depositary banks and generally trade on an established market. Depositary receipts are subject to many of the risks associated with investing directly in foreign securities, including, among other things, political, social and economic developments abroad, currency movements and different legal, regulatory and tax environments.

Derivatives Risk — The Fund’s use of futures contracts is subject to leverage risk, correlation risk, liquidity risk and market risk. Leverage risk and liquidity risk are described below. Market risk is the risk that the market value of an investment may move up and down, sometimes rapidly and unpredictably. Correlation risk is the risk that changes in the value of the derivative may not correlate perfectly with the underlying asset, rate or index. Each of these risks could cause the Fund to lose more than the principal amount invested in a derivative instrument. The Fund’s use of derivatives may also increase the amount of taxes payable by shareholders. The Fund’s use of derivatives may also increase the amount of taxes payable by shareholders. Both U.S. and non-U.S. regulators are in the process of adopting and


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		329

Notes to Financial Statements/Consolidated Notes to Financial Statements (Unaudited) (Continued)

March 31, 2020

implementing regulations governing derivatives markets, the ultimate impact of which remains unclear.

Directional or Tactical Strategies Risk — Directional or tactical strategies usually use long and short positions, which entail predicting the direction that particular securities or sectors or the overall market might move. Directional or tactical strategies may utilize leverage and hedging. There may be a significant risk of loss if the Fund’s judgment is incorrect as to the direction, timing or extent of expected movements of particular securities or sectors or the market as a whole.

Distressed Securities Risk — Distressed securities frequently do not produce income while they are outstanding and may require the Fund to bear certain extraordinary expenses in order to protect and recover its investment. Distressed securities are at high risk for default.

Duration Risk — The longer-term securities in which the Fund may invest tend to be more volatile than shorter-term securities. A portfolio with a longer average portfolio duration is more sensitive to changes in interest rates than a portfolio with a shorter average portfolio duration.

Economic Risks of Global Health Events — Global health events and pandemics, such as the COVID-19 disease that is caused by the SARS-CoV-2 coronavirus, have the ability to affect—quickly, drastically and substantially—global, national and regional financial and commercial and residential real estate markets, industries, sectors, the economic forces of supply and demand for commodities, good and services, labor markets, and credit and banking markets, and can substantially strain health care systems, government infrastructure and stability, and social structures and behaviors. The coronavirus, in particular, has resulted in enhanced health screenings, healthcare service preparation and delivery, increased strain on hospital resources and staff, increased demand for and strain on government medical resources, disruptions to supply chains and customer activity, lower consumer spending in certain sectors, closing of non-essential businesses, rapid increases in unemployment, government economic stimulus measures, social distancing, bans on large social gatherings and travel, border closings, shelter-in-place orders, quarantines, cancellations, school closings and a significant portion of the workforce working from home, as well as general concern and uncertainty. The impact of this coronavirus, and other epidemics and pandemics that may arise in the future, is having an unprecedented impact on the economies of many nations, individual companies and the market in general and could cause further disruptions that cannot necessarily be foreseen. In addition, the impact

of infectious diseases in developing or emerging market countries may be greater due to less established health care systems, lack of stable government structures and insufficient government funding, and health crises may exacerbate other pre-existing political, social and economic risks in certain countries.

Equity Market Risk — The risk that the market value of a security may move up and down, sometimes rapidly and unpredictably. Equity market risk may affect a single issuer, an industry, a sector or the equity or bond market as a whole.

Event-Driven Strategies Risk — Event-driven strategies involve making evaluations and predictions about both the likelihood that a particular event in the life of a company will occur and the impact such an event will have on the value of the company’s securities. The transaction in which such a company is involved may be unsuccessful, take considerable time (or longer than anticipated) or may result in a distribution of cash or a new security, the value of which may be less than the purchase price of the company’s security. If an anticipated transaction does not occur, the Fund may be required to sell its securities at a loss.

Exchange-Traded Funds (ETFs) Risk — The risks of owning shares of an ETF generally reflect the risks of owning the underlying securities the ETF is designed to track, although lack of liquidity in an ETF could result in its value being more volatile than the underlying portfolio securities. When the Fund invests in an ETF, in addition to directly bearing the expenses associated with its own operations, it will bear a pro rata portion of the ETF’s expenses.

Exchange-Traded Notes (ETNs) Risk — The value of an ETN is subject to the credit risk of the issuer.

There may not be an active trading market available for some ETNs. Additionally, trading of ETNs may be halted or the ETN may be delisted by the listing exchange.

Extension Risk — The risk that rising interest rates may extend the duration of a fixed income security, typically reducing the security’s value.

Financial Services Industry Risk — The Conservative Income Fund’s portfolio is concentrated in investments in securities issued by companies in the financial services industry. The financial services industry is subject to extensive government regulation. Profitability is largely dependent on the availability and cost of capital, and can fluctuate significantly when interest rates change. Financial services companies are highly dependent on short-term interest rates and typically


330		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

will be adversely affected by economic downturns or changes in banking regulations.

Fixed Income Market Risk — The prices of the 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 a low interest rate environment, risks associated with rising rates are heightened. Declines in dealer market-making capacity as a result of structural or regulatory changes could decrease liquidity and/or increase volatility in the fixed income markets. 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. In response to these events, the Fund’s value may fluctuate and/or the Fund may experience increased redemptions from shareholders, which may impact the Fund’s liquidity or force the Fund to sell securities into a declining or illiquid market.

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. These additional risks may be heightened with respect to emerging market countries because political turmoil and rapid changes in economic conditions are more likely to occur in these countries.

Foreign Sovereign Debt Securities Risk — The risks that: (i) the governmental entity that controls the repayment of sovereign debt may not be willing or able to repay the principal and/or interest when it becomes due because of factors such as debt service burden, political constraints, cash flow problems and other national economic factors; (ii) governments may default on their debt securities, which may require holders of such securities to participate in debt rescheduling or additional lending to defaulting governments; and (iii) there is no bankruptcy proceeding by which defaulted sovereign debt may be collected in whole or in part.

Income Risk — An investment in the Fund is subject to income risk, which is the possibility that the Fund’s yield will decline due to falling interest rates.

Inflation Protected Securities Risk — The value of inflation protected securities, including TIPS, generally will fluctuate in response to changes in “real” interest rates, generally decreasing when real interest rates rise and increasing when real interest rates fall. Real interest rates represent nominal (or stated) interest rates reduced by the expected impact of inflation. In addition,

interest payments on inflation indexed securities will generally vary up or down along with the rate of inflation.

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.

Investment Company and Exchange-Traded Funds (ETFs) Risk — When the Fund invests in an investment company, in addition to directly bearing the expenses associated with its own operations, it will bear a pro rata portion of the investment company’s expenses. In addition, while the risks of owning shares of an investment company generally reflect the risks of owning the underlying investments of the investment company, the Fund may be subject to additional or different risks than if the Fund had invested directly in the underlying investments. For example, the lack of liquidity in an ETF could result in its value being more volatile than the underlying portfolio securities. Closed-end investment companies issue a fixed number of shares that trade on a stock exchange or over-the-counter at a premium or a discount to their net asset value. As a result, a closed-end fund’s share price fluctuates based on what another investor is willing to pay rather than on the market value of the securities in the fund.

Investment in the Subsidiary Risk — A Subsidiary is not registered under the Investment Company Act of 1940 (the 1940 Act) and, unless otherwise noted in this prospectus, is not subject to all of the investor protections of the 1940 Act. Thus, the Fund, as an investor in a Subsidiary, will not have all of the protections offered to investors in registered investment companies. In addition, changes in the laws of the United States and/or the Cayman Islands, under which the Fund and a Subsidiary, respectively, are organized, could result in the inability of the Fund and/or a Subsidiary to operate as intended and could negatively affect the Fund and its shareholders.

Investment Style Risk — The risk that large capitalization securities may underperform other segments of the equity markets or the equity markets as a whole.

Large Capitalization Risk — The risk that larger, more established companies may be unable to respond quickly to new competitive challenges such as changes in technology and consumer tastes. Larger companies


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		331

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March 31, 2020

also may not be able to attain the high growth rates of successful smaller companies.

Leverage Risk — The Fund’s use of derivatives may result in the Fund’s total investment exposure substantially exceeding the value of its portfolio securities and the Fund’s investment returns depending substantially on the performance of securities that the Fund may not directly own. The use of leverage can amplify the effects of market volatility on the Fund’s share price and may also cause the Fund to liquidate portfolio positions when it would not be advantageous to do so in order to satisfy its obligations. The Fund’s use of leverage may result in a heightened risk of investment loss.

Liquidity Risk — The risk that certain securities may be difficult or impossible to sell at the time and the price that the Fund would like. The Fund may have to lower the price of the security, sell other securities instead or forego an investment opportunity, any of which could have a negative effect on Fund management or performance.

Market Risk — The risk that the market value of a security may move up and down, sometimes rapidly and unpredictably. Market risk may affect a single issuer, an industry, a sector or the equity or bond market as a whole. The prices of the 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 a low interest rate environment, risks associated with rising rates are heightened. Declines in dealer market-making capacity as a result of structural or regulatory changes could decrease liquidity and/or increase volatility in the fixed income markets. 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. In response to these events, the Fund’s value may fluctuate and/or the Fund may experience increased redemptions from shareholders, which may impact the Fund’s liquidity or force the Fund to sell securities into a declining or illiquid market.

Master Limited Partnership (MLP) Risk — Investments in units of MLPs involve risks that differ from an investment in common stock. Holders of the units of MLPs 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 MLPs. In addition, conflicts of interest may exist between common unit holders, subordinated unit holders and the

general partner of an MLP, including a conflict arising as a result of incentive distribution payments. The benefit the 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 a reduction in the after-tax return to the Fund of distributions from the MLP, likely causing a reduction in the value of the 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 the 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. The Internal Revenue Code of 1986, as amended, provides that the Fund is permitted to invest up to 25% of its assets in one or more qualified publicly traded partnerships (QPTPs), which will include certain MLPs, and treat the income allocated by such QPTPs as qualifying income for purposes of the regulated investment company annual qualifying income requirements described in “Taxes” below.

Mortgage Dollar Rolls Risk — Mortgage dollar rolls are transactions in which the Fund sells securities (usually mortgage-backed securities) and simultaneously contracts to repurchase substantially similar, but not identical, securities on a specified future date. If the broker-dealer to whom the Fund sells the security becomes insolvent, the Fund’s right to repurchase the security may be restricted. Other risks involved in entering into mortgage dollar rolls include the risk that the value of the security may change adversely over the term of the mortgage dollar roll and that the security the Fund is required to repurchase may be worth less than the security that the Fund originally held.

Mortgage-Backed Securities Risk — Mortgage-backed securities are affected significantly by the rate of prepayments and modifications of the mortgage loans backing those securities, as well as by other factors such as borrower defaults, delinquencies, realized or liquidation losses and other shortfalls. Mortgage backed securities are particularly sensitive to prepayment risk, which is described below, given that the term to maturity for mortgage loans is generally substantially longer than the expected lives of those securities; however, the timing and amount of prepayments cannot be accurately predicted. The timing of changes in the rate of prepayments of the mortgage loans may significantly affect the Fund’s actual yield to maturity on any mortgage-backed securities, even if the average rate of principal payments is consistent with the Fund’s


332		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

expectation. Along with prepayment risk, mortgage-backed securities are significantly affected by interest rate risk, which is described above. In a low interest rate environment, mortgage loan prepayments would generally be expected to increase due to factors such as refinancings and loan modifications at lower interest rates. In contrast, if prevailing interest rates rise, prepayments of mortgage loans would generally be expected to decline and therefore extend the weighted average lives of mortgage-backed securities held or acquired by the Fund.

Municipal Securities Risk — Municipal securities, like other fixed income securities, rise and fall in value in response to economic and market factors, primarily changes in interest rates, and actual or perceived credit quality. Rising interest rates will generally cause municipal securities to decline in value. Longer term securities usually respond more sharply to interest rate changes than do shorter-term securities. A municipal security will also lose value if, due to rating downgrades or other factors, there are concerns about the issuer’s current or future ability to make principal or interest payments. State and local governments rely on taxes and, to some extent, revenues from private projects financed by municipal securities, to pay interest and principal on municipal debt. Poor statewide or local economic results or changing political sentiments may reduce tax revenues and increase the expenses of municipal issuers, making it more difficult for them to meet their obligations. Actual or perceived erosion of the creditworthiness of municipal issuers may reduce the value of the Fund’s holdings. As a result, the Fund will be more susceptible to factors that adversely affect issuers of municipal obligations than a mutual fund that does not have as great a concentration in municipal obligations. Municipal obligations may be underwritten or guaranteed by a relatively small number of financial services firms, so changes in the municipal securities market that affect those firms may decrease the availability of municipal instruments in the market, thereby making it difficult for the Sub-Adviser to identify and obtain appropriate investments for the Fund’s portfolio. Also, there may be economic or political changes that impact the ability of issuers of municipal securities to repay principal and to make interest payments on securities owned by the Fund. Any changes in the financial condition of municipal issuers may also adversely affect the value of the Fund’s securities.

Non-Diversified Risk — The Multi-Asset Accumulation and Multi-Asset Inflation Managed Funds are non-diversified, which means that they may invest in the securities of relatively few issuers. As a result, these Funds may be more susceptible to a single adverse

economic or political occurrence affecting one or more of these issuers and may experience increased volatility due to its investments in those securities.

Opportunity Risk — The risk of missing out on an investment opportunity because the assets necessary to take advantage of it are tied up in other investments.

Portfolio Turnover Risk — Due to its investment strategy, the Fund may buy and sell securities frequently. This may result in higher transaction costs and additional capital gains tax liabilities, which may affect the Fund’s performance.

Prepayment Risk — The risk that, in a declining interest rate environment, fixed income securities with stated interest rates may have the principal paid earlier than expected, requiring the Fund to invest the proceeds at generally lower interest rates.

Private Placements Risk — Investment in privately placed securities may be less liquid than in publicly traded securities. Although these securities may be resold in privately negotiated transactions, the prices realized from these sales could be less than those originally paid by the Fund or less than what may be considered the fair value of such securities. Further, companies whose securities are not publicly traded may not be subject to the disclosure and other investor protection requirements that might be applicable if their securities were publicly traded.

Real Estate Industry Risk — Securities of companies principally engaged in the real estate industry may be subject to the risks associated with the direct ownership of real estate. Risks commonly associated with the direct ownership of real estate include fluctuations in the value of underlying properties, defaults by borrowers or tenants, changes in interest rates and risks related to general or local economic conditions. The Fund’s investments are concentrated in issuers conducting business in the real estate industry, and therefore the Fund is subject to risks associated with legislative or regulatory changes, adverse market conditions and/or increased competition affecting that industry.

Real Estate Investment Trusts (REITs) Risk — REITs are trusts that invest primarily in commercial real estate or real estate-related loans. The Fund’s investments in REITs will be subject to the risks associated with the direct ownership of real estate. Risks commonly associated with the direct ownership of real estate include fluctuations in the value of underlying properties, defaults by borrowers or tenants, changes in interest rates and risks related to general or local economic conditions. Some REITs may have limited diversification


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		333

Notes to Financial Statements/Consolidated Notes to Financial Statements (Unaudited) (Continued)

March 31, 2020

and may be subject to risks inherent in financing a limited number of properties.

Repurchase Agreement Risk — Although repurchase agreement transactions must be fully collateralized at all times, they generally create leverage and involve some counterparty risk to the Fund whereby a defaulting counterparty could delay or prevent the Fund’s recovery of collateral.

Short Sales Risk — A short sale involves the sale of a security that the Fund does not own in the expectation of purchasing the same security (or a security exchangeable therefore) at a later date at a lower price. Short sales expose the Fund to the risk that it will be required to buy the security sold short (also known as “covering” the short position) at a time when the security has appreciated in value, thus resulting in a loss to the Fund. Investment in short sales may also cause the Fund to incur expenses related to borrowing securities. Reinvesting proceeds received from short selling may create leverage, which can amplify the effects of market volatility on the Fund’s share price. In addition, shorting a future contract may require posting only a margin that may amount to less than the notional exposure of the contract. Such a practice may exacerbate the loss in a case of adverse price action.

Small and Medium Capitalization Companies Risk — The risk that small and medium capitalization companies in which the Fund may invest may be more vulnerable to adverse business or economic events than larger, more established companies. In particular, small and medium capitalization companies may have limited product lines, markets and financial resources and may depend upon a relatively small management group. Therefore, small capitalization and medium capitalization stocks may be more volatile than those of larger companies. Small capitalization and medium capitalization stocks may be traded over-the-counter or listed on an exchange.

Tax Risk — The Fund may gain most of its exposure to the commodities markets through its investment in a Subsidiary, which invests in commodity investments and derivative instruments. To the extent the Fund invests in such instruments directly, it 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 nonqualifying income) to comply with certain qualifying income tests necessary for the Fund to qualify as a regulated investment company (RIC) under Subchapter M of the Internal Revenue Code of 1986, as amended. The tax treatment of certain commodity-linked derivative instruments may be affected by future regulatory or legislative changes

that could affect the character, timing and/or amount of the Fund’s taxable income or gains and distributions. The Fund intends to hold certain commodity-related investments indirectly through a Subsidiary. The Fund believes that income from the Subsidiary will be qualifying income because it expects that the Subsidiary will make annual distributions of its earnings and profits. The Fund intends to secure an opinion of counsel based on customary representations that actual distributions made to the Fund from its Subsidiary should be treated as “qualifying income.” If the Fund did not qualify as a RIC for any taxable year and certain relief provisions were not available, the Fund’s taxable income would be subject to tax at the Fund level and to a further tax at the shareholder level when such income is distributed. Failure to comply with the requirements for qualification as a RIC would have significant negative tax consequences to Fund shareholders.

Taxation Risk — The Fund is managed to minimize tax consequences to investors, but will likely earn taxable income and gains from time to time.

Tracking Error Risk — The risk that the Fund’s performance may vary substantially from the performance of the benchmark index it tracks as a result of cash flows, Fund expenses, imperfect correlation between the Fund’s investments and the index’s components and other factors.

U.S. Government Securities Risk — 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. Obligations issued by some U.S. Government agencies are backed by the U.S. Treasury, while others are backed solely by the ability of the agency to borrow from the U.S. Treasury or by the agency’s own resources.

Warrants Risk — Warrants are instruments that entitle the holder to buy an equity security at a specific price for a specific period of time. Warrants may be more speculative than other types of investments. The price of a warrant may be more volatile than the price of its underlying security, and a warrant may offer greater potential for capital appreciation as well as capital loss. A warrant ceases to have value if it is not exercised prior to its expiration date.

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.


334		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

12. CONCENTRATION OF SHAREHOLDERS

SEI Private Trust Company (“SPTC”) and SIMC are subsidiaries of SEI Investments Company. As of March 31, 2020, SPTC held of record the following percentage of outstanding shares of each Fund:


Fund	% Held
Large Cap Fund
Class F		97.89%
Class Y		19.21
Large Cap Value Fund
Class F		92.42%
Class I		12.67
Class Y		99.27
Large Cap Growth Fund
Class F		92.02%
Class I		15.77
Class Y		98.78
Large Cap Index Fund
Class F		99.49%
Tax-Managed Large Cap Fund
Class F		86.76%
Class Y		55.91
S&P 500 Index Fund
Class F		51.26%
Class I		25.00
Small Cap Fund
Class F		98.36%
Class Y		26.57
Small Cap Value Fund
Class F		93.01%
Class I		9.60
Class Y		98.76
Small Cap Growth Fund
Class F		91.14%
Class I		9.38
Class Y		97.55
Tax-Managed Small/Mid Cap Fund
Class F		91.87%
Class Y		54.09
Mid-Cap Fund
Class F		84.63%
Class I		0.00
Class Y		48.34
U.S. Managed Volatility Fund
Class F		89.67%
Class I		0.00
Class Y		7.91
Global Managed Volatility Fund
Class F		94.55%
Class I		0.00
Class Y		35.49
Tax-Managed Managed Volatility Fund


Fund		% Held
Class F		87.24%
Class Y		66.35
Tax-Managed International Managed Volatility Fund
Class F		96.62%
Class Y		85.47
Real Estate Fund
Class F		79.49%
Class I		0.00
Class Y		60.73
Core Fixed Income Fund
Class F		96.26%
Class I		34.07
Class Y		51.10
High Yield Bond Fund
Class F		96.89%
Class I		0.00
Class Y		51.70
Conservative Income Fund
Class F		98.77%
Class Y		30.27
Tax-Free Conservative Income Fund
Class F		98.71%
Class Y		77.52
Real Return Fund
Class F		98.50%
Class Y		50.75
Dynamic Asset Allocation Fund
Class F		97.66%
Class Y		13.78
Multi-Strategy Alternative Fund
Class F		98.09%
Class Y		70.68
Multi-Asset Accumulation Fund
Class F		98.41%
Class Y		14.47
Multi-Asset Income Fund
Class F		94.70%
Class Y		52.37
Multi-Asset Inflation Managed Fund
Class F		98.55%
Class Y		18.23
Multi-Asset Capital Stability Fund
Class F		98.77%
Class Y		20.28


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		335

Notes to Financial Statements/Consolidated Notes to Financial Statements (Unaudited) (Concluded)

March 31, 2020

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. NEW ACCOUNTING PRONOUNCEMENT

In August 2018, the FASB issued Accounting Standards Update 2018-13, Fair Value Measurement (Topic 820). The new guidance includes additions and modifications to disclosures requirements for fair value measurements. For public entities, the amendments are effective for financial statements issued for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. At this time, management is currently evaluating the impact of this new guidance on the financial statements and disclosures.

14. REGULATORY MATTERS

In July 2017, the Financial Conduct Authority, the United Kingdom’s financial regulatory body, announced that after 2021 it will cease its active encouragement of banks to provide the quotations needed to sustain LIBOR. That announcement suggests that LIBOR very likely will cease to be published after that time. Various financial industry groups have begun planning for that transition, whether through marketwide protocols, fallback contractual provisions, bespoke negotiations or amendments or otherwise, but there are obstacles to converting certain securities and transactions to a new benchmark. Transition planning is at an early stage, and neither the effect of the transition process nor its ultimate success can yet be known. The transition process might lead to increased volatility and illiquidity in markets for instruments whose terms currently include LIBOR. It could also lead to a reduction in the value of some LIBOR-based investments and reduce the effectiveness of new hedges placed against existing LIBOR-based investments. While some LIBOR-based instruments may contemplate a scenario where LIBOR is no longer available by providing for an alternative rate-setting methodology and/or increased costs for certain LIBOR-related instruments or financing transactions, not all may have such provisions and there may be significant uncertainty regarding the effectiveness of any such alternative methodologies, resulting in prolonged adverse market conditions for the Fund. Because the usefulness of LIBOR as a benchmark could deteriorate during the transition period, these effects could occur prior to the end of 2021. There also remains uncertainty and risk regarding the willingness and ability of issuers to include enhanced provisions in new and existing

contracts or instruments. All of the aforementioned may adversely affect the Fund’s performance or NAV.

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 March 31, 2020.


336		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

Disclosure of Fund Expenses (Unaudited)

March 31, 2020

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 “Expenses 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 10/1/19		Ending Account Value 3/31/20		Annualized Expense Ratios			Expenses Paid During Period *
Large Cap Fund
Actual Fund Return
Class F Shares	$	1,000.00	$	832.20		0.89	%	$	4.08
Class Y Shares		1,000.00		833.30		0.64			2.93
Hypothetical 5% Return
Class F Shares	$	1,000.00	$	1,020.55		0.89	%	$	4.50
Class Y Shares		1,000.00		1,021.80		0.64			3.23
Large Cap Value Fund
Actual Fund Return
Class F Shares	$	1,000.00	$	754.10		0.89	%	$	3.90
Class I Shares		1,000.00		753.50		1.11			4.87
Class Y Shares		1,000.00		754.70		0.64			2.81
Hypothetical 5% Return
Class F Shares	$	1,000.00	$	1,020.55		0.89	%	$	4.50
Class I Shares		1,000.00		1,019.45		1.11			5.60
Class Y Shares		1,000.00		1,021.80		0.64			3.23


	Beginning Account Value 10/1/19		Ending Account Value 3/31/20		Annualized Expense Ratios			Expenses Paid During Period *
Large Cap Growth Fund
Actual Fund Return
Class F Shares	$	1,000.00	$	943.90		0.89	%	$	4.33
Class I Shares		1,000.00		942.80		1.11			5.39
Class Y Shares		1,000.00		945.10		0.64			3.11
Hypothetical 5% Return
Class F Shares	$	1,000.00	$	1,020.55		0.89	%	$	4.50
Class I Shares		1,000.00		1,019.45		1.11			5.60
Class Y Shares		1,000.00		1,021.80		0.64			3.23
Large Cap Index Fund
Actual Fund Return
Class F Shares	$	1,000.00	$	869.40		0.25	%	$	1.17
Hypothetical 5% Return
Class F Shares	$	1,000.00	$	1,023.75		0.25	%	$	1.26


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		337

Disclosure of Fund Expenses (Unaudited) (Concluded)

March 31, 2020


	Beginning Account Value 10/1/19		Ending Account Value 3/31/20		Annualized Expense Ratios			Expenses Paid During Period *
Tax-Managed Large Cap Fund
Actual Fund Return
Class F Shares	$	1,000.00	$	851.20		0.89	%	$	4.12
Class Y Shares		1,000.00		852.30		0.64			2.96
Hypothetical 5% Return
Class F Shares	$	1,000.00	$	1,020.55		0.89	%	$	4.50
Class Y Shares		1,000.00		1,021.80		0.64			3.23
S&P 500 Index Fund
Actual Fund Return
Class F Shares		1,000.00		875.60		0.25			1.17
Class I Shares		1,000.00		873.70		0.65			3.04
Hypothetical 5% Return
Class F Shares		1,000.00		1,023.75		0.25			1.26
Class I Shares		1,000.00		1,021.75		0.65			3.29
Small Cap Fund
Actual Fund Return
Class F Shares	$	1,000.00	$	742.70		1.14	%	$	4.97
Class Y Shares		1,000.00		744.20		0.89			3.92
Hypothetical 5% Return
Class F Shares	$	1,000.00	$	1,019.30		1.14	%	$	5.76
Class Y Shares		1,000.00		1,020.50		0.89			4.55
Small Cap Value Fund
Actual Fund Return
Class F Shares	$	1,000.00	$	660.50		1.14	%	$	4.73
Class I Shares		1,000.00		659.70		1.36			5.68
Class Y Shares		1,000.00		661.50		0.89			3.74
Hypothetical 5% Return
Class F Shares	$	1,000.00	$	1,019.30		1.14	%	$	5.76
Class I Shares		1,000.00		1,018.15		1.36			6.91
Class Y Shares		1,000.00		1,020.50		0.89			4.55
Small Cap Growth Fund
Actual Fund Return
Class F Shares	$	1,000.00	$	753.40		1.11	%	$	4.87
Class I Shares		1,000.00		752.60		1.36			6.00
Class Y Shares		1,000.00		754.50		0.86			3.77
Hypothetical 5% Return
Class F Shares	$	1,000.00	$	1,019.45		1.11	%	$	5.60
Class I Shares		1,000.00		1,018.15		1.36			6.91
Class Y Shares		1,000.00		1,020.70		0.86			4.34
Tax-Managed Small/Mid Cap Fund
Actual Fund Return
Class F Shares	$	1,000.00	$	739.50		1.11	%	$	4.83
Class Y Shares		1,000.00		740.50		0.89			3.87
Hypothetical 5% Return
Class F Shares	$	1,000.00	$	1,019.45		1.11	%	$	5.60
Class Y Shares		1,000.00		1,020.55		0.89			4.50


	Beginning Account Value 10/1/19		Ending Account Value 3/31/20		Annualized Expense Ratios			Expenses Paid During Period *
Mid-Cap Fund
Actual Fund Return
Class F Shares	$	1,000.00	$	744.10		0.98	%	$	4.27
Class I Shares		1,000.00		743.00		1.20			5.23
Class Y Shares		1,000.00		745.20		0.73			3.18
Hypothetical 5% Return
Class F Shares	$	1,000.00	$	1,020.10		0.98	%	$	4.95
Class I Shares		1,000.00		1,019.00		1.20			6.06
Class Y Shares		1,000.00		1,021.36		0.73			3.68
U.S. Managed Volatility Fund
Actual Fund Return
Class F Shares	$	1,000.00	$	808.90		0.90	%	$	4.07
Class I Shares		1,000.00		807.40		1.15			5.20
Class Y Shares		1,000.00		810.00		0.65			2.94
Hypothetical 5% Return
Class F Shares	$	1,000.00	$	1,020.50		0.90	%	$	4.55
Class I Shares		1,000.00		1,019.25		1.15			5.81
Class Y Shares		1,000.00		1,021.75		0.65			3.29
Global Managed Volatility Fund
Actual Fund Return
Class F Shares	$	1,000.00	$	835.30		1.11	%	$	5.07
Class I Shares		1,000.00		834.40		1.36			6.22
Class Y Shares		1,000.00		836.90		0.86			3.95
Hypothetical 5% Return
Class F Shares	$	1,000.00	$	1,019.47		1.11	%	$	5.58
Class I Shares		1,000.00		1,018.22		1.36			6.84
Class Y Shares		1,000.00		1,020.70		0.86			4.34
Tax-Managed Managed Volatility Fund
Actual Fund Return
Class F Shares	$	1,000.00	$	837.90		1.00	%	$	4.59
Class Y Shares		1,000.00		839.00		0.75			3.45
Hypothetical 5% Return
Class F Shares	$	1,000.00	$	1,020.00		1.00	%	$	5.05
Class Y Shares		1,000.00		1,021.25		0.75			3.79
Tax-Managed International Managed Volatility Fund
Actual Fund Return
Class F Shares	$	1,000.00	$	847.00		1.11	%	$	5.13
Class Y Shares		1,000.00		848.30		0.86			3.97
Hypothetical 5% Return
Class F Shares	$	1,000.00	$	1,019.45		1.11	%	$	5.60
Class Y Shares		1,000.00		1,020.70		0.86			4.34
Real Estate Fund
Actual Fund Return
Class F Shares	$	1,000.00	$	762.10		1.14	%	$	5.02
Class I Shares		1,000.00		761.90		1.36			6.03
Class Y Shares		1,000.00		763.10		0.89			3.92
Hypothetical 5% Return
Class F Shares	$	1,000.00	$	1,019.30		1.14	%	$	5.76
Class I Shares		1,000.00		1,018.15		1.36			6.91
Class Y Shares		1,000.00		1,020.55		0.89			4.50


338		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020


	Beginning Account Value 10/1/19		Ending Account Value 3/31/20		Annualized Expense Ratios			Expenses Paid During Period *
Core Fixed Income Fund
Actual Fund Return
Class F Shares	$	1,000.00	$	1,016.20		0.66	%	$	3.33
Class I Shares		1,000.00		1,014.90		0.88			4.33
Class Y Shares		1,000.00		1,017.20		0.41			1.97
Hypothetical 5% Return
Class F Shares	$	1,000.00	$	1,021.70		0.66	%	$	3.34
Class I Shares		1,000.00		1,020.70		0.88			4.34
Class Y Shares		1,000.00		1,023.05		0.41			1.97
High Yield Bond Fund
Actual Fund Return
Class F Shares	$	1,000.00	$	865.20		0.89	%	$	4.15
Class I Shares		1,000.00		865.70		1.11			5.18
Class Y Shares		1,000.00		867.50		0.64			3.03
Hypothetical 5% Return
Class F Shares	$	1,000.00	$	1,020.55		0.89	%	$	4.50
Class I Shares		1,000.00		1,019.45		1.11			5.60
Class Y Shares		1,000.00		1,021.75		0.64			3.29
Conservative Income Fund
Actual Fund Return
Class F Shares	$	1,000.00	$	1,007.80		0.30	%	$	1.51
Class Y Shares		1,000.00		1,008.30		0.20			1.00
Hypothetical 5% Return
Class F Shares	$	1,000.00	$	1,023.50		0.30	%	$	1.52
Class Y Shares		1,000.00		1,024.00		0.20			1.01
Tax-Free Conservative Income Fund
Actual Fund Return
Class F Shares	$	1,000.00	$	1,005.20		0.30	%	$	1.50
Class Y Shares		1,000.00		1,005.70		0.20			1.00
Hypothetical 5% Return
Class F Shares	$	1,000.00	$	1,023.50		0.30	%	$	1.52
Class Y Shares		1,000.00		1,024.00		0.20			1.01
Real Return Fund
Actual Fund Return
Class F Shares	$	1,000.00	$	1,003.20		0.45	%	$	2.25
Class Y Shares		1,000.00		1,003.50		0.35			1.75
Hypothetical 5% Return
Class F Shares	$	1,000.00	$	1,022.75		0.45	%	$	2.28
Class Y Shares		1,000.00		1,023.25		0.35			1.77


	Beginning Account Value 10/1/19		Ending Account Value 3/31/20		Annualized Expense Ratios			Expenses Paid During Period *
Dynamic Asset Allocation Fund
Actual Fund Return
Class F Shares	$	1,000.00	$	1,076.50		0.75	%	$	3.90
Class Y Shares		1,000.00		1,078.10		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
Multi-Strategy Alternative Fund
Actual Fund Return
Class F Shares	$	1,000.00	$	943.90		1.63	%	$	7.92
Class Y Shares		1,000.00		945.20		1.38			6.71
Hypothetical 5% Return
Class F Shares	$	1,000.00	$	1,016.85		1.63	%	$	8.22
Class Y Shares		1,000.00		1,018.10		1.38			6.96
Multi-Asset Accumulation Fund
Actual Fund Return
Class F Shares	$	1,000.00	$	923.70		1.17	%	$	5.63
Class Y Shares		1,000.00		924.40		0.92			4.43
Hypothetical 5% Return
Class F Shares	$	1,000.00	$	1,019.15		1.17	%	$	5.91
Class Y Shares		1,000.00		1,020.40		0.92			4.65
Multi-Asset Income Fund
Actual Fund Return
Class F Shares	$	1,000.00	$	880.50		0.80	%	$	3.76
Class Y Shares		1,000.00		881.00		0.70			3.29
Hypothetical 5% Return
Class F Shares	$	1,000.00	$	1,021.00		0.80	%	$	4.04
Class Y Shares		1,000.00		1,021.50		0.70			3.54
Multi-Asset Inflation Managed Fund
Actual Fund Return
Class F Shares	$	1,000.00	$	915.60		1.39	%	$	6.66
Class Y Shares		1,000.00		917.70		1.14			5.47
Hypothetical 5% Return
Class F Shares	$	1,000.00	$	1,018.05		1.39	%	$	7.01
Class Y Shares		1,000.00		1,019.30		1.14			5.76
Multi-Asset Capital Stability Fund
Actual Fund Return
Class F Shares	$	1,000.00	$	996.60		0.62	%	$	3.09
Class Y Shares		1,000.00		996.50		0.52			2.60
Hypothetical 5% Return
Class F Shares	$	1,000.00	$	1,021.90		0.62	%	$	3.13
Class Y Shares		1,000.00		1,022.40		0.52			2.63

*	Expenses are equal to the Fund’s annualized expense ratio multiplied by the average account value over the period, multiplied by 183/366 (to reflect the one-half year period shown).


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		339

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 which SIMC provides investment advisory services 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 (each member, a “Trustee” and, collectively, the “Trustees” or 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 a Fund’s Investment Advisory Agreements be specifically approved by the vote of a majority of the outstanding shareholders of the Funds and 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 such purpose. In addition, the 1940 Act requires that the continuation or renewal of any Investment Advisory Agreement be approved at least annually (after an initial period of up to two years), which also requires the vote of a majority of the Board, including a majority of the Independent Trustees. In the case of the initial approval of a Sub-Advisory Agreement, only the approval of a majority of the Board, including a majority of the Independent Trustees, is required, pursuant to an exemptive order that has been granted to the Trust by the Securities and Exchange Commission. In connection with their consideration of such initial approvals and renewals, 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 first half of the Trust’s fiscal year, the Board requested and received written materials from SIMC and certain 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.


340		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

At the March 23-25, 2020 meeting of the Board, the Trustees, including a majority of the Independent Trustees, approved the renewal of the Advisory Agreement. Also, certain Sub-Advisory Agreements were either initially approved or, if the Sub-Advisory Agreements were already in effect (unless operating under an initial two-year term), renewed at meetings of the Board held during the first half of the Trust’s fiscal year on December 3-4, 2019 and March 24-25, 2020. In each case, the Board’s approval (or renewal) was based on 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, 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 ratios 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 (including transfer agent expenses), 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 and its affiliates voluntary waivers of management and other fees to prevent total Fund operating expenses from exceeding certain amounts, as well as SIMC’s and its affiliates’ contractual waiver of their management and other fees with respect to the S&P 500 Index and Core Fixed Income Funds to prevent total Fund operating expenses from exceeding specified caps, 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


SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020		341

Board of Trustees Considerations in Approving the Advisory and Sub-Advisory Agreements (Unaudited) (Concluded)

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.

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.

REVIEW OF LIQUIDITY RISK MANAGEMENT PROGRAM

Pursuant to Rule 22e-4 under the 1940 Act, the Trust, on behalf of the Funds, has adopted a liquidity risk management program (the “Program”) to govern the Trust’s approach to managing liquidity risk. The Program is overseen by the SIMC Liquidity Risk Oversight Committee, and the Program’s principal objectives include assessing, managing and periodically reviewing each Fund’s liquidity risk, based on factors specific to the circumstances of the Fund.

At a meeting of the Board held on March 24, 2020, the Trustees received a report from the SIMC Liquidity Risk Oversight Committee addressing the operations of the Program and assessing its adequacy and effectiveness of implementation. The SIMC Liquidity Risk Oversight Committee determined, and reported to the Board, that the Program is reasonably designed to assess and manage each Fund’s liquidity risk and has operated adequately and effectively to manage each Fund’s liquidity risk since the Program was implemented on December 1, 2018. The SIMC Liquidity Risk Oversight Committee reported that during the period covered by the report, there were no liquidity events that impacted the Funds or their ability to timely meet redemptions without dilution to existing shareholders. The SIMC Liquidity Risk Oversight Committee further noted that no material changes have been made to the Program since its implementation.

There can be no assurance that the Program will achieve its objectives in the future. Please refer to the prospectus for more information regarding a Fund’s exposure to liquidity risk and other principal risks to which an investment in the Funds may be subject.


342		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

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SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

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

James B. Taylor

Christine Reynolds

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

SEI-F-092 (3/20)

Item 2.

Code of Ethics.

Not applicable for semi-annual report.

Item 3.

Audit Committee Financial Expert.

Not applicable for semi-annual report.

Item 4.

Principal Accountant Fees and Services.

Not applicable for semi-annual report.

Item 5.

Audit Committee of Listed Registrants.

Not applicable for semi-annual report.

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, Large Cap Index 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 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 Core 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 and Multi-Asset Capital Stability Fund is included as part of the report to shareholders filed under Item 1 of this form.

SCHEDULE OF INVESTMENTS (Unaudited)

Large Cap Fund

March 31, 2020



Description	Shares		Market Value ($ Thousands)
COMMON STOCK — 98.9%

Communication Services — 7.2%
Alphabet Inc, Cl A*		14,578	$	16,939
Alphabet Inc, Cl C*		1,975		2,297
AT&T Inc		414,642		12,087
Comcast Corp, Cl A		322,884		11,101
Facebook Inc, Cl A*		143,655		23,962
Interpublic Group of Cos Inc/The		299,511		4,849
Live Nation Entertainment Inc*		68,358		3,108
Match Group Inc* (A)		6,715		443
Netflix Inc*		6,768		2,541
New York Times Co/The, Cl A		11,195		344
Omnicom Group Inc		194,690		10,688
Pinterest, Cl A*		131,768		2,034
Spotify Technology SA*		18,682		2,269
TEGNA Inc		177,946		1,932
Verizon Communications Inc		492,684		26,472
ViacomCBS Inc, Cl B		35,550		498
Walt Disney Co/The		43,602		4,212
Zynga Inc, Cl A*		162,516		1,113

				126,889


Consumer Discretionary — 9.7%
Alibaba Group Holding ADR*		74,543		14,497
Amazon.com Inc, Cl A*		18,278		35,637
Aptiv PLC*		47,151		2,322
Best Buy Co Inc		85,726		4,886
BorgWarner Inc		247,424		6,030
Brinker International Inc		43,929		527
Carnival Corp* (A)		48,674		641
Dick’s Sporting Goods Inc		78,636		1,672
Dillard’s Inc, Cl A (A)		17,881		661
Dollar General Corp		100,826		15,226
DR Horton Inc		56,483		1,920
eBay Inc		244,384		7,346
Five Below Inc*		4,825		340
Foot Locker Inc, Cl A		64,995		1,433
Ford Motor Co*		152,816		738
GameStop Corp, Cl A* (A)		77,761		272
Garmin Ltd		22,399		1,679
General Motors Co		277,570		5,768
Goodyear Tire & Rubber Co/The		63,073		367
Harley-Davidson Inc, Cl A		82,967		1,571
Kohl’s Corp		50,709		740
Lear Corp		27,328		2,220
Lowe’s Cos Inc		130,981		11,271
Lululemon Athletica Inc*		22,114		4,192
Macy’s Inc* (A)		51,046		251
Magna International Inc, Cl A		73,335		2,341
NIKE Inc, Cl B		46,119		3,816
O’Reilly Automotive Inc*		17,938		5,400
PulteGroup Inc		213,962		4,776
Ross Stores Inc		184,185		16,019
Royal Caribbean Cruises Ltd		38,985		1,254



Description	Shares		Market Value ($ Thousands)
Starbucks Corp		20,402	$	1,341
Target Corp, Cl A		78,626		7,310
Tesla Inc*		1,073		562
Ulta Beauty Inc*		4,588		806
Whirlpool Corp		32,184		2,761
Wyndham Destinations Inc		43,982		954
Yum China Holdings Inc		17,625		751

				170,298


Consumer Staples — 8.5%
Altria Group Inc		224,553		8,683
Archer-Daniels-Midland Co		131,850		4,639
Coca-Cola Co/The		51,772		2,291
Conagra Brands Inc		324,841		9,531
Estee Lauder Cos Inc/The, Cl A		11,187		1,782
Ingredion Inc		89,406		6,750
JM Smucker Co/The		124,415		13,810
Kellogg Co		111,671		6,699
Kroger Co/The		698,274		21,032
Molson Coors Beverage Co, Cl B		168,794		6,585
Monster Beverage Corp*		34,628		1,948
PepsiCo Inc		78,669		9,448
Philip Morris International Inc		206,587		15,073
Pilgrim’s Pride Corp*		111,946		2,028
Procter & Gamble Co/The		20,959		2,305
Sysco Corp, Cl A		93,394		4,262
Tyson Foods Inc, Cl A		120,839		6,993
Unilever NV		392,941		19,172
Walgreens Boots Alliance Inc		142,487		6,519

				149,550


Energy — 2.8%
BP PLC ADR		257,005		6,268
Cabot Oil & Gas Corp		123,373		2,121
Canadian Natural Resources Ltd		383,246		5,193
Chevron Corp		131,781		9,549
ConocoPhillips		140,875		4,339
Devon Energy Corp		100,433		694
HollyFrontier Corp		83,406		2,044
Laredo Petroleum Inc*		322,581		124
Marathon Petroleum Corp		390,470		9,223
Phillips 66		40,277		2,161
Royal Dutch Shell PLC ADR, Cl A (A)		86,827		3,029
Royal Dutch Shell PLC ADR, Cl B		67,059		2,190
Valero Energy Corp		53,276		2,416

				49,351


Financials — 15.1%
Aflac Inc		272,103		9,317
Allstate Corp/The		18,705		1,716
American International Group Inc		177,691		4,309
Ameriprise Financial Inc		31,908		3,270
Annaly Capital Management Inc‡		608,344		3,084
Banco Santander SA ADR		372,251		875


1		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

SCHEDULE OF INVESTMENTS (Unaudited)

Large Cap Fund (Continued)

March 31, 2020



Description	Shares		Market Value ($ Thousands)
Bank of America Corp		1,126,115	$	23,907
Bank of New York Mellon Corp/The		40,826		1,375
Berkshire Hathaway Inc, Cl B*		119,081		21,772
BlackRock Inc		4,004		1,762
Capital One Financial Corp		39,647		1,999
Charles Schwab Corp/The		230,432		7,747
CIT Group Inc		57,032		984
Citigroup Inc		382,822		16,124
CME Group Inc		11,283		1,951
Comerica Inc		9,935		291
Discover Financial Services		72,074		2,571
Essent Group Ltd		42,633		1,123
Everest Re Group Ltd		7,652		1,472
Fifth Third Bancorp		276,682		4,109
First Republic Bank/CA		100,005		8,228
Goldman Sachs Group Inc/The		9,444		1,460
Hartford Financial Services Group Inc/The		43,878		1,546
Intercontinental Exchange Inc		50,100		4,046
JPMorgan Chase & Co		204,632		18,423
KeyCorp		155,139		1,609
KKR & Co Inc		45,669		1,072
Lincoln National Corp		58,196		1,532
Markel Corp*		14,103		13,086
Marsh & McLennan Cos Inc		119,799		10,358
MetLife Inc		13,335		408
MFA Financial Inc* ‡		112,336		174
Moody’s Corp		47,715		10,092
Morgan Stanley		135,842		4,619
PNC Financial Services Group Inc/The		13,677		1,309
Popular Inc		10,226		358
Progressive Corp/The		89,206		6,587
Prudential Financial Inc		18,137		946
Radian Group Inc		122,321		1,584
Regions Financial Corp		261,680		2,347
Reinsurance Group of America Inc, Cl A		5,459		459
S&P Global Inc		46,292		11,344
SLM Corp		347,020		2,495
State Street Corp		215,467		11,478
T Rowe Price Group Inc		12,813		1,251
Truist Financial Corp		77,437		2,388
Two Harbors Investment Corp‡		328,692		1,252
Unum Group		26,895		404
US Bancorp		217,613		7,497
Voya Financial Inc		90,831		3,683
Wells Fargo & Co		372,155		10,681
Willis Towers Watson PLC		53,165		9,030
Zions Bancorp NA (A)		111,259		2,977

				264,481


Health Care — 17.5%
Abbott Laboratories		247,700		19,546
AbbVie Inc		83,937		6,395
Alexion Pharmaceuticals Inc*		20,541		1,844



Description	Shares		Market Value ($ Thousands)
Allergan PLC		18,678	$	3,308
AmerisourceBergen Corp, Cl A		106,610		9,435
Amgen Inc, Cl A		111,483		22,601
AstraZeneca PLC ADR		34,383		1,536
Baxter International Inc		5,428		441
Becton Dickinson and Co		49,124		11,287
Biogen Inc*		23,918		7,567
Boston Scientific Corp*		117,118		3,822
Bristol-Myers Squibb Co		230,483		12,847
Cardinal Health Inc		43,195		2,071
CVS Health Corp		318,885		18,919
Danaher Corp, Cl A		58,415		8,085
DaVita Inc*		4,752		361
DexCom Inc*		9,188		2,474
Gilead Sciences Inc		63,229		4,727
Guardant Health Inc* (A)		12,263		854
GW Pharmaceuticals PLC ADR* (A)		10,727		939
HCA Healthcare Inc		23,267		2,091
Horizon Therapeutics Plc*		42,781		1,267
Humana Inc*		42,283		13,278
Incyte Corp*		9,074		664
Jazz Pharmaceuticals PLC*		28,089		2,802
Johnson & Johnson		234,762		30,784
McKesson Corp		30,243		4,091
Medtronic PLC		11,219		1,011
Merck & Co Inc		276,553		21,278
Mettler-Toledo International Inc*		10,575		7,302
Mylan NV*		92,586		1,381
Pfizer Inc		332,936		10,867
Regeneron Pharmaceuticals Inc*		6,553		3,200
Sarepta Therapeutics Inc*		8,234		805
Teleflex Inc		37,086		10,861
Thermo Fisher Scientific Inc		11,090		3,145
UnitedHealth Group Inc		104,411		26,038
Veeva Systems Inc, Cl A*		7,022		1,098
Vertex Pharmaceuticals Inc*		48,269		11,486
Zimmer Biomet Holdings Inc		138,797		14,030

				306,538


Industrials — 8.7%
3M Co		35,589		4,858
AGCO Corp		51,896		2,452
Allison Transmission Holdings Inc		87,955		2,868
American Airlines Group Inc		76,287		930
Arconic Inc		239,542		3,847
Carlisle Cos Inc		3,609		452
Caterpillar Inc, Cl A		25,359		2,943
Chart Industries Inc*		86,320		2,502
Cintas Corp		16,306		2,825
Copart Inc*		11,108		761
Cummins Inc		60,618		8,203
Delta Air Lines Inc, Cl A*		37,432		1,068
Eaton Corp PLC		45,501		3,535


2		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

SCHEDULE OF INVESTMENTS (Unaudited)

Large Cap Fund (Continued)

March 31, 2020



Description	Shares		Market Value ($ Thousands)
Fastenal Co, Cl A		108,954	$	3,405
FedEx Corp		37,387		4,534
Fortive Corp		150,927		8,330
Honeywell International Inc		158,289		21,177
Huntington Ingalls Industries Inc, Cl A		18,827		3,430
IDEX Corp		32,358		4,469
Illinois Tool Works Inc		56,744		8,064
L3Harris Technologies Inc		50,112		9,026
ManpowerGroup Inc		29,203		1,547
Raytheon Co		11,237		1,474
Rockwell Automation Inc		18,644		2,814
Roper Technologies Inc		36,218		11,293
Spirit AeroSystems Holdings Inc, Cl A		36,435		872
Stanley Black & Decker Inc		85,949		8,595
Textron Inc		87,866		2,343
Timken Co/The		63,724		2,061
TransDigm Group Inc*		26,122		8,364
Uber Technologies Inc*		18,888		527
Union Pacific Corp		11,599		1,636
United Airlines Holdings Inc*		79,172		2,498
WW Grainger Inc		36,077		8,965

				152,668


Information Technology — 20.7%
Adobe Inc*		73,084		23,258
Apple Inc		158,737		40,365
Applied Materials Inc		146,722		6,723
Arista Networks Inc*		11,749		2,380
Avalara Inc*		28,324		2,113
Cadence Design Systems Inc*		25,810		1,704
Ciena Corp*		10,886		433
Cisco Systems Inc		151,519		5,956
Crowdstrike Holdings, Cl A*		37,434		2,084
Dropbox Inc, Cl A*		34,733		629
DXC Technology Co		54,174		707
Fidelity National Information Services Inc, Cl B		94,245		11,464
Fiserv Inc, Cl A*		53,932		5,123
Fortinet Inc*		8,676		878
Global Payments Inc		61,021		8,801
Hewlett Packard Enterprise Co		376,685		3,658
HP Inc		130,088		2,258
Intel Corp		244,669		13,241
International Business Machines Corp		30,665		3,402
Intuit Inc		81,061		18,644
IPG Photonics Corp*		22,061		2,433
Keysight Technologies Inc*		40,168		3,361
KLA Corp		2,647		380
Lam Research Corp		40,090		9,622
Marvell Technology Group Ltd		161,679		3,659
Microchip Technology Inc (A)		187,827		12,735
Micron Technology Inc*		27,500		1,157
Microsoft Corp		296,505		46,762



Description	Shares		Market Value ($ Thousands)
Motorola Solutions Inc		107,644	$	14,308
NVIDIA Corp		23,879		6,294
NXP Semiconductors NV		51,083		4,236
ON Semiconductor Corp*		135,982		1,692
Oracle Corp, Cl B		141,893		6,858
PayPal Holdings Inc*		123,798		11,852
Qorvo Inc*		19,661		1,585
QUALCOMM Inc		151,137		10,224
salesforce.com*		102,331		14,734
SAP SE ADR		75,274		8,318
Seagate Technology PLC		77,003		3,758
Skyworks Solutions Inc		28,361		2,535
Teradyne Inc		25,320		1,372
VeriSign Inc*		10,412		1,875
Visa Inc, Cl A		150,429		24,237
Vishay Intertechnology Inc		103,407		1,490
Xerox Holdings Corp		133,836		2,535
Xilinx Inc		154,939		12,076

				363,909


Materials — 3.5%
Air Products & Chemicals Inc		43,433		8,670
Ball Corp		29,883		1,932
Celanese Corp, Cl A		19,274		1,415
Corteva Inc		113,996		2,679
Crown Holdings Inc*		59,995		3,482
Domtar Corp		38,043		823
DuPont de Nemours Inc		16,678		569
Eastman Chemical Co		64,966		3,026
Ecolab Inc		48,370		7,538
Freeport-McMoRan Inc, Cl B*		150,863		1,018
Huntsman Corp		163,884		2,365
International Paper Co		15,338		477
Linde PLC		30,587		5,292
LyondellBasell Industries NV, Cl A		18,574		922
Newmont Corp		75,117		3,401
Nucor Corp		162,624		5,858
O-I Glass Inc, Cl I		54,203		385
Packaging Corp of America		16,930		1,470
Sherwin-Williams Co/The, Cl A		6,733		3,094
Steel Dynamics Inc		87,868		1,981
Vulcan Materials Co		46,104		4,982
Westrock Co		28,239		798

				62,177


Real Estate — 2.8%
Alexandria Real Estate Equities Inc‡		12,202		1,672
American Homes 4 Rent, Cl A‡		26,117		606
American Tower Corp, Cl A‡		47,790		10,406
Crown Castle International Corp‡		122,688		17,716
Diversified Healthcare Trust‡		120,279		437
Equity Commonwealth* ‡		80,780		2,562
Gaming and Leisure Properties Inc‡		118,769		3,291


3		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

SCHEDULE OF INVESTMENTS (Unaudited)

Large Cap Fund (Continued)

March 31, 2020



Description	Shares		Market Value ($ Thousands)
Host Hotels & Resorts Inc‡		271,219	$	2,994
Invitation Homes Inc‡		55,684		1,190
Medical Properties Trust Inc‡		36,239		627
Omega Healthcare Investors Inc‡		94,798		2,516
Service Properties Trust‡		145,397		785
VEREIT Inc‡		742,382		3,630

				48,432


Utilities — 2.4%
American Electric Power Co Inc		61,553		4,923
Exelon Corp		195,544		7,198
FirstEnergy Corp		196,778		7,885
NextEra Energy Inc		63,285		15,228
NRG Energy Inc		128,056		3,491
Vistra Energy Corp		248,881		3,972

				42,697

Total Common Stock (Cost $1,615,756) ($ Thousands)				1,736,990



Description	Shares		Market Value ($ Thousands)
AFFILIATED PARTNERSHIP — 1.0%
SEI Liquidity Fund, L.P. 0.760%* * † (B)		17,756,885	$	17,767

Total Affiliated Partnership (Cost $17,755) ($ Thousands)				17,767


CASH EQUIVALENT — 1.0%
SEI Daily Income Trust, Government Fund, Cl F 0.290%* * †		17,537,450		17,537

Total Cash Equivalent (Cost $17,537) ($ Thousands)				17,537

Total Investments in Securities —100.9% (Cost $1,651,048) ($ Thousands)			$	1,772,294

A list of the open futures contracts held at March 31, 2020 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		90		Jun-2020	$	10,574	$	11,564	$	990
S&P Mid Cap 400 Index E-MINI		7		Jun-2020		909		1,006		97

					$	11,483	$	12,570	$	1,087

Percentages are based on Net Assets of $1,756,390 ($ Thousands).

Non-income producing security.

Rate shown is the 7-day effective yield as of March 31, 2020.

^‡

Real Estate Investment Trust.

^†

Investment in Affiliated Security (see Note 6).

(A)

Certain securities or partial positions of certain securities are on loan at March 31, 2020 (see Note 10). The total market value of securities on loan at March 31, 2020 was $17,177 ($ 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 March 31, 2020 was $17,767 ($ Thousands).

ADR — American Depositary Receipt

Cl — Class

L.P. — Limited Partnership

PLC — Public Limited Company

S&P— Standard & Poor’s

The following is a list of the level of inputs used as of March 31, 2020, in valuing the Fund’s investments carried at value ($ Thousands):

Investments in Securities

Level 1

($)

Level 2

($)

Level 3
($)

Total

($)

Common Stock

1,736,990

–

1,736,990

Affiliated Partnership

–

17,767

–

17,767

Cash Equivalent

17,537

–

17,537

Total Investments in Securities

1,754,527

17,767

–

1,772,294

Other Financial Instruments

Level 1

($)

Level 2
($)

Level 3
($)

Total

($)

Futures Contracts*

Unrealized Appreciation

1,087

–

1,087

Total Other Financial Instruments

1,087

–

1,087

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

For the period ended March 31, 2020, there were no transfers in or out of Level 3.

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

Financial Statements.


4		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

SCHEDULE OF INVESTMENTS (Unaudited)

Large Cap Fund (Concluded)

March 31, 2020

The following is a summary of the Fund’s transactions with affiliates for the period ended March 31, 2020 ($ Thousands):



Security Description	Value 9/30/2019			Purchases at Cost			Proceeds from Sales				Realized Gain/ (Loss)			Change in Unrealized Appreciation/ (Depreciation)			Value 3/31/2020			Shares		Income			Capital Gains
SEI Liquidity Fund, L.P.		$	29,711		$	160,893		$	(172,839	)		$	—		$	2		$	17,767		17,756,885		$	124		$	—
SEI Daily Income Trust, Government Fund, Cl F			22,022			235,134			(239,619	)			—			—			17,537		17,537,450			134			—

Totals		$	51,733		$	396,027		$	(412,458	)		$	—		$	2		$	35,304				$	258		$	—

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

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


5		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

SCHEDULE OF INVESTMENTS (Unaudited)

Large Cap Value Fund

March 31, 2020



Description	Shares		Market Value ($ Thousands)
COMMON STOCK — 98.6%

Communication Services — 7.6%
AT&T Inc		1,013,144	$	29,533
BCE Inc		228,830		9,350
Comcast Corp, Cl A		245,858		8,453
Electronic Arts Inc *		1,992		199
Facebook Inc, Cl A *		41,326		6,893
John Wiley & Sons Inc, Cl A		5,773		216
News Corp, Cl A		73,242		657
Omnicom Group Inc		15,573		855
TEGNA Inc		115,798		1,258
Verizon Communications Inc		285,127		15,320
ViacomCBS Inc, Cl B		35,735		501
Walt Disney Co/The		9,034		873


				74,108


Consumer Discretionary — 7.1%
Best Buy Co Inc		90,587		5,164
BorgWarner Inc		63,617		1,550
Brinker International Inc		16,942		204
Carnival Corp *(A)		49,505		652
Dick’s Sporting Goods Inc		59,079		1,256
Dillard’s Inc, Cl A (A)		15,965		590
Dollar General Corp		8,301		1,254
DR Horton Inc		20,672		703
eBay Inc		149,775		4,502
Foot Locker Inc, Cl A		56,934		1,255
Ford Motor Co *		192,027		928
frontdoor Inc *		11,680		406
General Motors Co		301,214		6,259
Genuine Parts Co		109,979		7,405
Goodyear Tire & Rubber Co/The		91,708		534
Harley-Davidson Inc, Cl A		31,374		594
Home Depot Inc/The		8,082		1,509
Kohl’s Corp		83,259		1,215
Lear Corp		20,641		1,677
Lowe’s Cos Inc		58,067		4,997
Macy’s Inc *(A)		71,346		350
Magna International Inc, Cl A		31,771		1,014
McDonald’s Corp		1,272		210
PulteGroup Inc		150,783		3,365
Royal Caribbean Cruises Ltd		22,352		719
Skechers U.S.A. Inc, Cl A *		45,338		1,076
Target Corp, Cl A		166,650		15,493
Tiffany & Co		3,375		437
Ulta Beauty Inc *		6,136		1,078
Whirlpool Corp		16,702		1,433
Wyndham Destinations Inc		47,260		1,026


				68,855


Consumer Staples — 10.9%
Altria Group Inc		136,208		5,267
Archer-Daniels-Midland Co		75,616		2,660
Bunge Ltd		4,635		190



Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Diageo PLC ADR (A)		61,169	$	7,776
Flowers Foods Inc		9,143		188
Hershey Co/The		10,471		1,387
Ingredion Inc		75,055		5,667
JM Smucker Co/The		23,708		2,632
Kimberly-Clark Corp		86,655		11,080
Kroger Co/The		230,894		6,954
Molson Coors Beverage Co, Cl B		134,854		5,261
Nu Skin Enterprises Inc, Cl A		8,178		179
Philip Morris International Inc		188,276		13,737
Pilgrim’s Pride Corp *		142,140		2,575
Procter & Gamble Co/The		69,726		7,670
Tyson Foods Inc, Cl A		131,557		7,613
Unilever NV		151,216		7,378
Walgreens Boots Alliance Inc		207,219		9,480
Walmart Inc		70,778		8,042


				105,736


Energy — 5.5%
BP PLC ADR		138,521		3,378
Cabot Oil & Gas Corp		106,186		1,825
Canadian Natural Resources Ltd		262,400		3,556
Chevron Corp		168,158		12,185
ConocoPhillips		332,878		10,253
Devon Energy Corp		24,340		168
Exxon Mobil Corp		190,016		7,215
HollyFrontier Corp		86,306		2,115
Marathon Petroleum Corp		75,689		1,788
Phillips 66		95,862		5,143
Royal Dutch Shell PLC ADR, Cl A (A)		66,289		2,313
Royal Dutch Shell PLC ADR, Cl B		27,656		903
Valero Energy Corp		65,629		2,977


				53,819


Financials — 19.7%
Aflac Inc		103,064		3,529
AGNC Investment Corp ‡		14,913		158
Allstate Corp/The		54,286		4,980
Ally Financial Inc		10,240		148
Ameriprise Financial Inc		31,652		3,244
Annaly Capital Management Inc ‡		453,915		2,301
Arthur J Gallagher & Co		2,387		195
Assured Guaranty Ltd		21,683		559
Banco Santander SA ADR		401,042		942
Bank of America Corp		799,978		16,984
Bank of New York Mellon Corp/The		101,367		3,414
Berkshire Hathaway Inc, Cl B *		70,242		12,842
BlackRock Inc		2,161		951
Capital One Financial Corp		83,184		4,194
Charles Schwab Corp/The		39,903		1,342
Chubb Ltd		79,793		8,912
CIT Group Inc		42,328		731
Citigroup Inc		387,648		16,328


1		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

SCHEDULE OF INVESTMENTS (Unaudited)

Large Cap Value Fund (Continued)

March 31, 2020



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Citizens Financial Group Inc		42,304	$	796
Comerica Inc		17,392		510
Discover Financial Services		64,266		2,292
Essent Group Ltd		30,238		796
Everest Re Group Ltd		14,152		2,723
Fifth Third Bancorp		278,016		4,129
First American Financial Corp		5,165		219
First Citizens BancShares Inc/NC, Cl A		527		175
Franklin Resources Inc		24,505		409
Goldman Sachs Group Inc/The		14,352		2,219
Hartford Financial Services Group Inc/The		32,534		1,146
JPMorgan Chase & Co		297,988		26,828
KeyCorp		125,944		1,306
KKR & Co Inc		32,785		769
Lincoln National Corp		56,432		1,485
MetLife Inc		77,948		2,383
MFA Financial Inc *‡		135,168		210
MGIC Investment Corp		155,780		989
Morgan Stanley		85,156		2,895
Navient Corp		96,244		730
PNC Financial Services Group Inc/The		29,391		2,813
Popular Inc		55,555		1,944
Principal Financial Group Inc, Cl A		15,705		492
Prudential Financial Inc		54,813		2,858
Radian Group Inc		47,480		615
Regions Financial Corp		211,042		1,893
Reinsurance Group of America Inc, Cl A		29,273		2,463
SLM Corp		288,409		2,074
Starwood Property Trust Inc ‡		11,167		114
State Street Corp		29,877		1,592
Synchrony Financial		170,667		2,746
T Rowe Price Group Inc		37,341		3,646
Travelers Cos Inc/The		54,932		5,457
Truist Financial Corp		333,151		10,274
Two Harbors Investment Corp ‡		221,782		845
Unum Group		57,490		863
Voya Financial Inc		91,291		3,702
Wells Fargo & Co		405,599		11,641
Zions Bancorp NA (A)		47,944		1,284


				192,079


Health Care — 15.5%
AbbVie Inc		59,672		4,546
Alexion Pharmaceuticals Inc *		9,456		849
Amgen Inc, Cl A		23,909		4,847
AstraZeneca PLC ADR		27,522		1,229
Baxter International Inc		5,972		485
Biogen Inc *		19,408		6,140
Bristol-Myers Squibb Co		165,024		9,198
Cardinal Health Inc		68,588		3,288
CVS Health Corp		77,162		4,578
Eli Lilly & Co		66,168		9,179
Exelixis Inc *		32,868		566



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Gilead Sciences Inc		90,180	$	6,742
HCA Healthcare Inc		21,119		1,898
Horizon Therapeutics PLC *		26,894		797
Humana Inc *		659		207
Jazz Pharmaceuticals PLC *		24,636		2,457
Johnson & Johnson		173,856		22,798
McKesson Corp		40,655		5,499
Medtronic PLC		66,669		6,012
Merck & Co Inc		241,670		18,594
Mylan NV *		85,443		1,274
Novartis AG ADR		135,705		11,189
Pfizer Inc		817,479		26,682
Regeneron Pharmaceuticals Inc *		4,343		2,121


				151,175


Industrials — 10.0%
3M Co		49,158		6,711
AGCO Corp		40,664		1,921
Allison Transmission Holdings Inc		68,559		2,236
American Airlines Group Inc		49,307		601
Arconic Inc		86,815		1,394
Carlisle Cos Inc		2,733		342
Caterpillar Inc, Cl A		43,478		5,045
Chart Industries Inc *		60,546		1,755
Cummins Inc		46,934		6,351
Delta Air Lines Inc, Cl A *		100,386		2,864
Eaton Corp PLC		40,745		3,166
Expeditors International of Washington Inc		28,455		1,899
FedEx Corp		28,164		3,415
General Dynamics Corp		35,285		4,669
GrafTech International Ltd (A)		122,593		995
Huntington Ingalls Industries Inc, Cl A		15,906		2,898
Ingersoll Rand Inc *		30,238		750
JetBlue Airways Corp *		56,121		502
Johnson Controls International PLC		364,345		9,823
Landstar System Inc		2,861		274
ManpowerGroup Inc		68,746		3,643
Oshkosh Corp		25,257		1,625
PACCAR Inc		29,619		1,811
Raytheon Co		76,078		9,978
Robert Half International Inc		37,834		1,428
Siemens AG ADR (B)		169,559		7,121
Southwest Airlines Co, Cl A (A)		44,199		1,574
Spirit AeroSystems Holdings Inc, Cl A		43,367		1,038
Textron Inc		66,991		1,787
Timken Co/The		35,080		1,135
Trane Technologies PLC		34,268		2,830
Uber Technologies Inc *		18,890		527
United Airlines Holdings Inc *		72,929		2,301
United Technologies Corp		6,728		635
Waste Management Inc		20,997		1,943
WESCO International Inc *		9,379		214


2		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

SCHEDULE OF INVESTMENTS (Unaudited)

Large Cap Value Fund (Continued)

March 31, 2020



Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Woodward Inc		7,190	$	427


				97,628


Information Technology — 8.5%
Applied Materials Inc		74,002		3,391
Arista Networks Inc *		6,558		1,328
CACI International Inc, Cl A *		13,632		2,878
Cisco Systems Inc		347,108		13,645
Cognizant Technology Solutions Corp, Cl A		5,793		269
Corning Inc, Cl B		80,188		1,647
DXC Technology Co		66,314		866
Hewlett Packard Enterprise Co		89,627		870
HP Inc		307,156		5,332
Intel Corp		558,563		30,230
International Business Machines Corp		45,435		5,040
IPG Photonics Corp *		7,439		820
Lam Research Corp		17,210		4,130
Leidos Holdings Inc		12,532		1,149
Marvell Technology Group Ltd		100,276		2,269
Microsoft Corp		37,517		5,917
Oracle Corp, Cl B		12,547		606
Qorvo Inc *		2,711		219
Seagate Technology PLC		8,164		399
Skyworks Solutions Inc		11,646		1,041
Western Union Co/The		36,245		657
Xerox Holdings Corp		10,882		206


				82,909


Materials — 4.3%
Cabot Corp		33,520		875
Celanese Corp, Cl A		37,458		2,749
Corteva Inc		94,625		2,224
Crown Holdings Inc *		63,577		3,690
Domtar Corp		32,926		712
Dow Inc		140,687		4,114
DuPont de Nemours Inc		34,755		1,185
Eastman Chemical Co		81,083		3,777
Freeport-McMoRan Inc, Cl B *		153,328		1,035
Huntsman Corp		202,830		2,927
International Paper Co		64,721		2,015
LyondellBasell Industries NV, Cl A		46,266		2,296
NewMarket Corp		1,517		581
Newmont Corp		70,461		3,190
O-I Glass Inc, Cl I		91,594		651
Packaging Corp of America		21,180		1,839
PPG Industries Inc		6,165		515
Reliance Steel & Aluminum Co		35,298		3,092
Steel Dynamics Inc		119,905		2,703
Westrock Co		52,607		1,487

				41,657


Real Estate — 2.9%
Diversified Healthcare Trust ‡		54,353		197
Equity Commonwealth *‡		31,457		998



Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Gaming and Leisure Properties Inc ‡		57,454	$	1,592
Healthpeak Properties Inc ‡		318,265		7,591
Host Hotels & Resorts Inc ‡		206,991		2,285
Howard Hughes Corp/The *‡		4,099		207
Jones Lang LaSalle Inc		8,729		882
Medical Properties Trust Inc ‡		68,671		1,187
Omega Healthcare Investors Inc ‡		58,669		1,557
Service Properties Trust ‡		31,877		172
VEREIT Inc ‡		631,724		3,089
Welltower Inc ‡		189,507		8,675

				28,432


Utilities — 6.6%
American Electric Power Co Inc		41,756		3,340
Consolidated Edison Inc		77,999		6,084
Duke Energy Corp		28,133		2,275
Edison International		8,815		483
Entergy Corp		16,547		1,555
Exelon Corp		278,624		10,256
FirstEnergy Corp		101,232		4,056
Hawaiian Electric Industries Inc		9,673		416
MDU Resources Group Inc		109,244		2,349
NextEra Energy Inc		91,505		22,018
NRG Energy Inc		111,538		3,041
Southern Co/The		54,218		2,935
Vistra Energy Corp		305,565		4,877

				63,685

Total Common Stock (Cost $1,030,376) ($ Thousands)				960,083


AFFILIATED PARTNERSHIP — 1.6%
SEI Liquidity Fund, L.P.
0.760% **†(C)		15,914,496		15,913


Total Affiliated Partnership (Cost $15,914) ($ Thousands)				15,913


CASH EQUIVALENT — 1.3%
SEI Daily Income Trust, Government Fund, Cl F
0.290%**†		12,362,646		12,363

Total Cash Equivalent (Cost $12,363) ($ Thousands)				12,363


Total Investments in Securities — 101.5% (Cost $1,058,653) ($ Thousands)			$	988,359


3		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

SCHEDULE OF INVESTMENTS (Unaudited)

Large Cap Value Fund (Continued)

March 31, 2020

A list of the open futures contracts held at March 31, 2020 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		28		Jun-2020	$	3,417	$	3,597	$	180
S&P Mid Cap 400 Index E-MINI		24		Jun-2020		3,225		3,451		226

					$	6,642	$	7,048	$	406

Percentages are based on Net Assets of $973,571 ($ Thousands).

Non-income producing security.

The rate reported is the 7-day effective yield as of March 31, 2020.

^‡

Real Estate Investment Trust.

^†

Investment in Affiliated Security (see Note 6).

(A)

Certain securities or partial positions of certain securities are on loan at March 31, 2020 (see Note 10). The total market value of securities on loan at March 31, 2020 was $15,443 ($ Thousands).

(B)

Securities considered illiquid. The total value of such securities as of March 31, 2020 was $7,121 ($ Thousands) and represented 0.7% 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 March 31, 2020 was $15,913 ($ Thousands).

ADR — American Depositary Receipt

Cl — Class

L.P. — Limited Partnership

PLC — Public Limited Company

S&P— Standard & Poor’s

The following is a list of the level of inputs used as of March 31, 2020, 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

960,083

–

960,083

Affiliated Partnership

–

15,913

–

15,913

Cash Equivalent

12,363

–

12,363

Total Investments in Securities

972,446

15,913

–

988,359



Other Financial Instruments	Level 1 ($)		Level 2 ($)		Level 3 ($)		Total ($)
Futures Contracts *
Unrealized Appreciation		406		—		—		406

Total Other Financial Instruments		406		—		—		406

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

For the period ended March 31, 2020, there were no transfers in or out of Level 3.

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 period ended March 31, 2020 ($ Thousands):



Security Description	Value 9/30/2019	Purchases at Cost	Proceeds from Sales	Realized Gain/ (Loss)	Change in Unrealized Appreciation/ (Depreciation)	Value 3/31/2020	Shares	Income	Capital Gains
SEI Liquidity Fund, L.P.	$ 899	$101,245	$(86,229)	$—	$ (2)	$ 15,913	15,914,496	$ 56	$—
SEI Daily Income Trust, Government Fund, Cl F	17,909	98,189	(103,735)	—	—	12,363	12,362,646	108	—

Totals	$18,808	$199,434	$(189,964)	$—	$ (2)	$ 28,276		$ 164	$—

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

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


4		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

SCHEDULE OF INVESTMENTS (Unaudited)

Large Cap Growth Fund

March 31, 2020



Description	Shares		Market Value ($ Thousands)
COMMON STOCK — 98.6%

Communication Services — 10.0%
Alphabet Inc, Cl A*		39,594	$	46,006
Alphabet Inc, Cl C*		11,305		13,146
Facebook Inc, Cl A*		250,456		41,776
IAC/InterActiveCorp*		1,281		230
Live Nation Entertainment Inc*		113,634		5,166
Match Group Inc* (A)		3,403		225
Netflix Inc*		19,647		7,377
Pinterest, Cl A* (A)		215,317		3,324
Spotify Technology SA*		1,901		231
T-Mobile US Inc*		72,901		6,116
Walt Disney Co/The		47,405		4,579
Zynga Inc, Cl A*		48,577		333

				128,509


Consumer Discretionary — 14.0%
Alibaba Group Holding ADR*		126,888		24,677
Amazon.com Inc, Cl A*		36,245		70,668
Aptiv PLC*		102,907		5,067
AutoZone Inc*		20,258		17,138
Best Buy Co Inc		3,521		201
Booking Holdings Inc*		153		206
Dick’s Sporting Goods Inc		6,407		136
Dunkin’ Brands Group Inc		4,057		216
eBay Inc		67,153		2,019
Garmin Ltd		10,515		788
Hilton Worldwide Holdings Inc*		84,295		5,752
Lennar Corp, Cl A		81,990		3,132
Lowe’s Cos Inc		109,904		9,457
Lululemon Athletica Inc*		61,348		11,629
NIKE Inc, Cl B		105,563		8,734
PulteGroup Inc		6,995		156
Ross Stores Inc		3,843		334
Starbucks Corp		71,939		4,729
Target Corp, Cl A		2,366		220
Tesla Inc*		488		256
TJX Cos Inc/The		272,768		13,041
Williams-Sonoma Inc		4,366		186
Yum China Holdings Inc		27,826		1,186

				179,928


Consumer Staples — 4.0%
Colgate-Palmolive Co		148,396		9,848
Estee Lauder Cos Inc/The, Cl A		10,678		1,701
Monster Beverage Corp*		83,723		4,710
PepsiCo Inc		189,434		22,751
Philip Morris International Inc		3,649		266
Procter & Gamble Co/The		88,911		9,780
Sysco Corp, Cl A		27,792		1,268



Description	Shares		Market Value ($ Thousands)
Walmart Inc		1,880	$	214

				50,538


Energy — 0.0%
Pioneer Natural Resources Co		7,250		509


Financials — 7.5%
Apollo Global Management, Cl A (A)		149,015		4,992
Berkshire Hathaway Inc, Cl B*		13,056		2,387
CME Group Inc		49,483		8,556
FactSet Research Systems Inc		23,999		6,256
Intercontinental Exchange Inc		89,502		7,227
Moody’s Corp		89,604		18,951
Morgan Stanley		76,219		2,592
MSCI Inc, Cl A		56,075		16,203
Progressive Corp/The		95,692		7,066
S&P Global Inc		54,066		13,249
T Rowe Price Group Inc		18,078		1,765
US Bancorp		196,937		6,785

				96,029


Health Care — 15.4%
1Life Healthcare* (A)		9,659		175
Abbott Laboratories		110,080		8,686
Align Technology Inc*		22,641		3,938
Amgen Inc, Cl A		1,375		279
Baxter International Inc		3,501		284
Becton Dickinson and Co		64,233		14,759
Boston Scientific Corp*		240,286		7,841
Bristol-Myers Squibb Co		27,343		1,524
Bruker Corp		6,046		217
Catalent Inc*		51,774		2,690
Centene Corp*		3,173		189
Danaher Corp, Cl A		107,411		14,867
DaVita Inc*		3,528		268
DexCom Inc*		17,975		4,840
Guardant Health Inc* (A)		37,814		2,632
GW Pharmaceuticals PLC ADR* (A)		43,422		3,803
HCA Healthcare Inc		60,597		5,445
IDEXX Laboratories Inc*		1,372		332
Incyte Corp*		3,215		235
Insulet Corp*		1,796		298
Johnson & Johnson		106,912		14,019
Merck & Co Inc		222,690		17,134
Mettler-Toledo International Inc*		13,972		9,648
Neurocrine Biosciences Inc*		53,662		4,644
Penumbra Inc*		1,780		287
Sarepta Therapeutics Inc* (A)		23,025		2,252
Stryker Corp		33,771		5,623
Thermo Fisher Scientific Inc		19,405		5,503
UnitedHealth Group Inc		156,722		39,083
Varian Medical Systems Inc*		62,437		6,410
Veeva Systems Inc, Cl A*		17,681		2,765


1		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

SCHEDULE OF INVESTMENTS (Unaudited)

Large Cap Growth Fund (Continued)

March 31, 2020



Description	Shares		Market Value ($ Thousands)
Vertex Pharmaceuticals Inc*		68,292	$	16,250
Zoetis Inc, Cl A		2,135		251

				197,171


Industrials — 5.9%
Arconic Inc		12,449		200
Boeing Co/The*		9,079		1,354
Carlisle Cos Inc		1,850		232
Cintas Corp		23,385		4,051
Copart Inc*		3,402		233
Graco Inc		206,651		10,070
HEICO Corp		2,442		182
Honeywell International Inc		72,496		9,699
Ingersoll Rand Inc*		–		—
L3Harris Technologies Inc		32,031		5,770
Lockheed Martin Corp		24,565		8,326
Middleby Corp/The*		68,949		3,922
Robert Half International Inc		5,093		192
Trane Technologies PLC		70,170		5,795
TransDigm Group Inc*		8,804		2,819
TransUnion		3,351		222
Uber Technologies Inc*		9,169		256
Union Pacific Corp		87,344		12,319
United Technologies Corp		99,402		9,377

				75,019


Information Technology — 37.1%
Adobe Inc*		94,600		30,106
Advanced Micro Devices Inc*		5,905		269
Akamai Technologies Inc*		3,380		309
Analog Devices Inc		111,939		10,035
Apple Inc		300,362		76,379
Applied Materials Inc		282,113		12,926
Avalara Inc*		40,010		2,985
Booz Allen Hamilton Holding Corp, Cl A		3,926		269
Broadcom Inc		32,934		7,809
Cadence Design Systems Inc*		18,658		1,232
CDW Corp/DE		2,394		223
Ciena Corp*		37,234		1,482
Crowdstrike Holdings, Cl A*		75,088		4,181
Dropbox Inc, Cl A*		14,601		264
EPAM Systems Inc*		32,972		6,122
Fidelity National Information Services Inc, Cl B		173,140		21,061
Fiserv Inc, Cl A*		37,720		3,583
Fortinet Inc*		13,021		1,317
Intuit Inc		39,477		9,080
Keysight Technologies Inc*		25,209		2,110
KLA Corp		9,305		1,338
Lam Research Corp		4,054		973
Mastercard Inc, Cl A		124,153		29,990
Micron Technology Inc*		63,166		2,657
Microsoft Corp		741,877		117,001



Description	Shares		Market Value ($ Thousands)
NVIDIA Corp		50,220	$	13,238
NXP Semiconductors NV		151,377		12,554
Oracle Corp, Cl B		346,451		16,744
Paychex Inc		3,579		225
Paycom Software Inc*		29,127		5,884
PayPal Holdings Inc*		162,441		15,552
Qorvo Inc*		3,173		256
QUALCOMM Inc		26,988		1,826
salesforce.com*		115,741		16,664
Sea ADR* (A)		136,199		6,035
ServiceNow Inc*		1,054		302
Teradyne Inc		4,917		266
VeriSign Inc*		11,768		2,119
Visa Inc, Cl A		249,495		40,199
Xerox Holdings Corp		7,808		148

				475,713


Materials — 3.3%
Air Products & Chemicals Inc		21,201		4,232
Ball Corp		57,524		3,719
Ecolab Inc		32,227		5,022
Linde PLC		37,740		6,529
Reliance Steel & Aluminum Co		2,770		243
Sherwin-Williams Co/The, Cl A		40,300		18,519
Vulcan Materials Co		32,122		3,471

				41,735


Real Estate — 1.4%
CBRE Group Inc, Cl A* ‡		167,359		6,311
Crown Castle International Corp‡		76,656		11,069
Invitation Homes Inc‡		30,840		659

				18,039

Total Common Stock (Cost $902,628) ($ Thousands)				1,263,190


AFFILIATED PARTNERSHIP — 1.8%
SEI Liquidity Fund, L.P. 0.760%* * † (B)		23,432,268		23,433

Total Affiliated Partnership (Cost $23,431) ($ Thousands)				23,433


2		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

SCHEDULE OF INVESTMENTS (Unaudited)

Large Cap Growth Fund (Concluded)

March 31, 2020



Description	Shares		Market Value ($ Thousands)
CASH EQUIVALENT — 1.0%
SEI Daily Income Trust, Government Fund, Cl F 0.290%* * †		12,897,000	$	12,897



Description	Shares	Market Value ($ Thousands)
Total Cash Equivalent (Cost $12,897) ($ Thousands)		$	12,897

Total Investments in Securities — 101.4% (Cost $938,956) ($ Thousands)		$	1,299,520

A list of the open futures held by the Fund at March 31, 2020, 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		100		Jun-2020	$	12,106	$	12,849	$	743

Percentages are based on Net Assets of $1,281,952 ($ Thousands).

Non-income producing security.

Rate shown is the 7-day effective yield as of March 31, 2020.

^‡

Real Estate Investment Trust.

^†

Investment in Affiliated Security (see Note 6).

(A)

Certain securities or partial positions of certain securities are on loan at March 31, 2020 (see Note 10). The total market value of securities on loan at March 31, 2020 was $22,639 ($ 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 March 31, 2020 was $23,433 ($ Thousands).

ADR — American Depositary Receipt

Cl — Class

L.P. — Limited Partnership

PLC — Public Limited Company

S&P— Standard & Poor’s

The following is a list of the level of inputs used as of March 31, 2020, 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		1,263,190		—		—		1,263,190
Affiliated Partnership		—		23,433		—		23,433
Cash Equivalent		12,897		—		—		12,897

Total Investments in Securities		1,276,087		23,433		—		1,299,520

Other Financial Instruments

Level 1
($)

Level 2
($)

Level 3

($)

Total

($)

Futures Contracts*

Unrealized Appreciation

743

–

743

Total Other Financial Instruments

743

–

743

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

For the period ended March 31, 2020, there were no transfers in or out of Level 3.

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 period ended March 31, 2020 ($ Thousands):



Security Description	Value 9/30/2019			Purchases at Cost			Proceeds from Sales				Realized Gain/ (Loss)			Change in Unrealized Appreciation/ (Depreciation)			Value 3/31/2020			Shares		Income			Capital Gains
SEI Liquidity Fund, L.P.		$	5,992		$	74,793		$	(57,352	)		$	—		$	—		$	23,433		23,432,268		$	29		$	—
SEI Daily Income Trust, Government Fund, Cl F			16,366			161,547			(165,016	)			—			—			12,897		12,897,000			103			—

Totals		$	22,358		$	236,340		$	(222,368	)		$	—		$	—		$	36,330				$	132		$	—

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

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


3		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

SCHEDULE OF INVESTMENTS (Unaudited)

Large Cap Index Fund

March 31, 2020



Description	Shares		Market Value ($ Thousands)
COMMON STOCK — 97.3%

Communication Services — 10.0%
Activision Blizzard Inc		15,108	$	899
Alphabet Inc, Cl A*		5,955		6,919
Alphabet Inc, Cl C*		5,963		6,934
Altice USA Inc, Cl A*		6,400		143
AMC Networks Inc, Cl A*		600		15
AT&T Inc		145,929		4,254
Cable One Inc		81		133
CenturyLink Inc		21,095		200
Charter Communications Inc, Cl A*		2,968		1,295
Cinemark Holdings Inc		2,000		20
Comcast Corp, Cl A		90,243		3,103
Discovery Inc, Cl A*		2,800		54
Discovery Inc, Cl C*		7,117		125
DISH Network Corp, Cl A*		5,111		102
Electronic Arts Inc*		5,669		568
Facebook Inc, Cl A*		47,704		7,957
Fox Corp		9,831		230
GCI Liberty Inc*		1,900		108
IAC/InterActiveCorp*		1,520		272
Interpublic Group of Cos Inc/The		7,700		125
John Wiley & Sons Inc, Cl A		900		34
Liberty Broadband Corp, Cl A*		500		54
Liberty Broadband Corp, Cl C*		2,087		231
Liberty Media Corp-Liberty Formula One, Cl A*		500		13
Liberty Media Corp-Liberty Formula One, Cl C*		3,800		103
Liberty Media Corp-Liberty SiriusXM*		5,300		167
Lions Gate Entertainment Corp, Cl A*		300		2
Lions Gate Entertainment Corp, Cl B*		3,000		17
Live Nation Entertainment Inc*		2,690		122
Madison Square Garden Co/The*		407		86
Match Group Inc* (A)		1,200		79
Netflix Inc*		8,487		3,187
New York Times Co/The, Cl A		3,500		107
News Corp, Cl A		7,100		64
News Corp, Cl B		2,300		21
Nexstar Media Group Inc, Cl A		900		52
Omnicom Group Inc		4,426		243
Roku Inc, Cl A*		1,700		149
Sinclair Broadcast Group Inc, Cl A		800		13
Sirius XM Holdings Inc (A)		28,718		142
Spotify Technology SA*		2,560		311
Sprint Corp*		10,500		91
Take-Two Interactive Software Inc, Cl A*		2,187		259
Telephone & Data Systems Inc		1,800		30
T-Mobile US Inc*		6,285		527
TripAdvisor Inc		2,000		35
Twitter Inc*		15,280		375
United States Cellular Corp*		45		1
Verizon Communications Inc		82,729		4,445



Description	Shares		Market Value ($ Thousands)
ViacomCBS Inc		19	$	—
ViacomCBS Inc, Cl B		11,092		155
Walt Disney Co/The		34,783		3,360
World Wrestling Entertainment Inc, Cl A		900		31
Zillow Group Inc, Cl A*		1,300		44
Zillow Group Inc, Cl C*		2,300		83
Zynga Inc, Cl A*		17,700		121

				48,210


Consumer Discretionary — 9.8%
Advance Auto Parts Inc		1,375		128
Amazon.com Inc, Cl A*		8,343		16,267
Aptiv PLC		5,214		257
Aramark		5,100		102
AutoNation Inc*		800		22
AutoZone Inc*		455		385
Best Buy Co Inc		4,480		255
Booking Holdings Inc*		824		1,109
BorgWarner Inc		4,200		102
Bright Horizons Family Solutions Inc*		1,100		112
Brunswick Corp/DE		1,600		57
Burlington Stores Inc*		1,253		199
Caesars Entertainment Corp*		10,907		74
Capri Holdings Ltd*		2,300		25
CarMax Inc*		3,300		178
Carnival Corp		7,727		102
Carter’s Inc		800		53
Carvana Co, Cl A*		1,000		55
Chipotle Mexican Grill Inc, Cl A*		504		330
Choice Hotels International Inc		600		37
Columbia Sportswear Co		600		42
Darden Restaurants Inc		2,545		139
Dick’s Sporting Goods Inc		1,292		27
Dollar General Corp		5,096		770
Dollar Tree Inc*		4,618		339
Domino’s Pizza Inc		839		272
DR Horton Inc		6,700		228
Dunkin’ Brands Group Inc		1,614		86
eBay Inc		15,106		454
Etsy Inc*		2,400		92
Expedia Group Inc		2,643		149
Extended Stay America Inc		3,600		26
Five Below Inc*		1,083		76
Floor & Decor Holdings Inc, Cl A*		1,500		48
Foot Locker Inc, Cl A		1,800		40
Ford Motor Co		79,285		383
frontdoor Inc*		1,694		59
Gap Inc/The		4,000		28
Garmin Ltd		3,000		225
General Motors Co		24,791		515
Gentex Corp		4,835		107
Genuine Parts Co		2,876		194
Goodyear Tire & Rubber Co/The		4,400		26


1		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

SCHEDULE OF INVESTMENTS (Unaudited)

Large Cap Index Fund (Continued)

March 31, 2020



Description	Shares		Market Value ($ Thousands)
Graham Holdings Co, Cl B		78	$	27
Grand Canyon Education Inc*		900		69
Grubhub Inc*		1,700		69
H&R Block Inc		4,500		63
Hanesbrands Inc		6,600		52
Harley-Davidson Inc, Cl A		2,700		51
Hasbro Inc		2,602		186
Hilton Grand Vacations Inc*		1,318		21
Hilton Worldwide Holdings Inc		5,337		364
Home Depot Inc/The		21,802		4,071
International Game Technology PLC		1,100		7
Kohl’s Corp		3,325		49
L Brands Inc		4,100		47
Las Vegas Sands Corp		6,546		278
Lear Corp		1,150		93
Leggett & Platt Inc		2,400		64
Lennar Corp, Cl A		5,428		207
Lennar Corp, Cl B		250		7
LKQ Corp*		6,489		133
Lowe’s Cos Inc		15,515		1,335
Lululemon Athletica Inc*		2,393		454
Macy’s Inc (A)		5,714		28
Marriott International Inc/MD, Cl A		5,482		410
Mattel Inc*		6,300		55
McDonald’s Corp		15,026		2,485
MGM Resorts International		9,353		110
Mohawk Industries Inc*		1,159		88
Newell Brands Inc, Cl B		7,870		104
NIKE Inc, Cl B		23,343		1,931
Nordstrom Inc		1,800		28
Norwegian Cruise Line Holdings Ltd*		4,000		44
NVR Inc*		67		172
Ollie’s Bargain Outlet Holdings Inc*		1,000		46
O’Reilly Automotive Inc*		1,470		442
Penske Automotive Group Inc, Cl A		400		11
Planet Fitness Inc, Cl A*		1,500		73
Polaris Inc		1,031		50
Pool Corp		767		151
PulteGroup Inc		5,000		112
PVH Corp		1,349		51
Qurate Retail Inc*		6,665		41
Ralph Lauren Corp, Cl A		936		63
Ross Stores Inc		7,044		613
Royal Caribbean Cruises Ltd		3,236		104
Service Corp International/US		3,400		133
ServiceMaster Global Holdings Inc*		2,700		73
Six Flags Entertainment Corp		1,300		16
Skechers U.S.A. Inc, Cl A*		2,532		60
Starbucks Corp		23,621		1,553
Tapestry Inc		5,608		73
Target Corp, Cl A		9,815		912
Tempur Sealy International Inc*		900		39



Description	Shares		Market Value ($ Thousands)
Tesla Inc*		2,869	$	1,503
Thor Industries Inc		900		38
Tiffany & Co		2,449		317
TJX Cos Inc/The		24,344		1,164
Toll Brothers Inc		2,800		54
Tractor Supply Co		2,500		211
Ulta Beauty Inc*		1,124		197
Under Armour Inc, Cl A*		4,015		37
Under Armour Inc, Cl C*		3,900		31
Urban Outfitters Inc*		1,000		14
Vail Resorts Inc		770		114
VF Corp		6,257		338
Wayfair Inc, Cl A*		1,175		63
Wendy’s Co/The		4,300		64
Whirlpool Corp		1,238		106
Williams-Sonoma Inc		1,400		59
Wyndham Destinations Inc		1,563		34
Wyndham Hotels & Resorts Inc		1,863		59
Wynn Resorts Ltd		2,015		121
Yum China Holdings Inc		7,385		315
Yum! Brands Inc		6,035		413

				47,144


Consumer Staples — 7.1%
Altria Group Inc		37,508		1,450
Archer-Daniels-Midland Co		10,871		383
Beyond Meat Inc* (A)		1,000		67
Brown-Forman Corp, Cl A		1,040		53
Brown-Forman Corp, Cl B		3,322		184
Bunge Ltd		3,000		123
Campbell Soup Co		3,500		162
Casey’s General Stores Inc		696		92
Church & Dwight Co Inc		5,010		322
Clorox Co/The		2,471		428
Coca-Cola Co/The		76,764		3,397
Colgate-Palmolive Co		16,898		1,121
Conagra Brands Inc		9,349		274
Constellation Brands Inc, Cl A		3,172		455
Costco Wholesale Corp		8,778		2,503
Coty Inc, Cl A		4,539		23
Energizer Holdings Inc		1,200		36
Estee Lauder Cos Inc/The, Cl A		4,338		691
Flowers Foods Inc		3,500		72
General Mills Inc		11,988		633
Grocery Outlet Holding Corp*		1,200		41
Hain Celestial Group Inc/The*		1,800		47
Herbalife Nutrition Ltd*		1,874		55
Hershey Co/The		2,843		377
Hormel Foods Corp		5,737		268
Ingredion Inc		1,410		106
JM Smucker Co/The		2,254		250
Kellogg Co		4,785		287
Keurig Dr Pepper Inc		4,846		118


2		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

SCHEDULE OF INVESTMENTS (Unaudited)

Large Cap Index Fund (Continued)

March 31, 2020



Description	Shares		Market Value ($ Thousands)
Kimberly-Clark Corp		6,759	$	864
Kraft Heinz Co/The		12,749		315
Kroger Co/The		15,988		482
Lamb Weston Holdings Inc		2,800		160
McCormick & Co Inc/MD		2,441		345
Molson Coors Beverage Co, Cl B		3,295		128
Mondelez International Inc, Cl A		28,512		1,428
Monster Beverage Corp*		7,677		432
Nu Skin Enterprises Inc, Cl A		1,200		26
PepsiCo Inc		28,051		3,369
Philip Morris International Inc		30,987		2,261
Pilgrim’s Pride Corp*		900		16
Post Holdings Inc*		1,307		108
Procter & Gamble Co/The		48,674		5,354
Reynolds Consumer Products Inc		900		26
Seaboard Corp		4		11
Spectrum Brands Holdings Inc		1,157		42
Sprouts Farmers Market Inc*		2,300		43
Sysco Corp, Cl A		9,563		436
TreeHouse Foods Inc*		1,100		49
Tyson Foods Inc, Cl A		5,871		340
US Foods Holding Corp*		4,297		76
Walgreens Boots Alliance Inc		15,169		694
Walmart Inc		27,775		3,156

				34,179


Energy — 2.4%
Antero Midstream Corp (A)		3,100		6
Antero Resources Corp*		3,200		2
Apache Corp		7,400		31
Apergy Corp* (A)		1,032		6
Baker Hughes Co, Cl A		12,402		130
Cabot Oil & Gas Corp		8,300		143
Centennial Resource Development Inc/DE, Cl A*		2,800		1
Cheniere Energy Inc*		4,373		146
Chesapeake Energy Corp* (A)		23,900		4
Chevron Corp		38,234		2,770
Cimarex Energy Co		1,644		28
Concho Resources Inc		3,930		168
ConocoPhillips		21,847		673
Continental Resources Inc/OK, Cl A (A)		1,800		14
Devon Energy Corp		7,200		50
Diamondback Energy Inc, Cl A		3,029		79
EOG Resources Inc		11,615		417
EQT Corp		5,000		35
Equitrans Midstream Corp		4,360		22
Exxon Mobil Corp		84,769		3,219
Halliburton Co		16,461		113
Helmerich & Payne Inc		2,123		33
Hess Corp		5,100		170
HollyFrontier Corp		2,800		69
Kinder Morgan Inc/DE		39,334		547



Description	Shares		Market Value ($ Thousands)
Kosmos Energy Ltd		6,200	$	5
Marathon Oil Corp		17,192		57
Marathon Petroleum Corp		12,612		298
Murphy Oil Corp		3,000		18
National Oilwell Varco Inc, Cl A		7,700		76
Noble Energy Inc		8,743		53
Occidental Petroleum Corp		17,523		203
ONEOK Inc		7,961		174
Parsley Energy Inc, Cl A		5,800		33
Patterson-UTI Energy Inc		2,800		7
PBF Energy Inc, Cl A		2,200		16
Phillips 66		8,662		465
Pioneer Natural Resources Co		3,174		223
Range Resources Corp (A)		2,600		6
Schlumberger Ltd, Cl A		27,673		373
Targa Resources Corp		4,200		29
Transocean Ltd*		9,400		11
Valero Energy Corp		8,322		377
Williams Cos Inc/The		23,873		338
WPX Energy Inc*		6,800		21

				11,659


Financials — 10.8%
Affiliated Managers Group Inc		833		49
Aflac Inc		14,633		501
AGNC Investment Corp‡		10,728		114
Alleghany Corp		268		148
Allstate Corp/The		6,323		580
Ally Financial Inc		7,158		103
American Express Co		13,201		1,130
American Financial Group Inc/OH		1,643		115
American International Group Inc		17,403		422
American National Insurance Co		124		10
Ameriprise Financial Inc		2,632		270
Annaly Capital Management Inc‡		29,374		149
Aon PLC/UK		4,625		763
Arch Capital Group Ltd*		7,889		224
Arthur J Gallagher & Co		3,766		307
Associated Banc-Corp		2,500		32
Assurant Inc		1,300		135
Assured Guaranty Ltd		1,700		44
Athene Holding Ltd, Cl A*		2,600		65
Axis Capital Holdings Ltd		1,623		63
Bank of America Corp		160,092		3,399
Bank of Hawaii Corp		648		36
Bank of New York Mellon Corp/The		16,085		542
Bank OZK		2,000		33
BankUnited Inc		1,700		32
Berkshire Hathaway Inc, Cl B*		39,039		7,138
BGC Partners Inc, Cl A		5,100		13
BlackRock Inc		2,355		1,036
BOK Financial Corp		600		26
Brighthouse Financial Inc*		2,100		51


3		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

SCHEDULE OF INVESTMENTS (Unaudited)

Large Cap Index Fund (Continued)

March 31, 2020



Description	Shares		Market Value ($ Thousands)
Brown & Brown Inc		4,600	$	167
Capital One Financial Corp		9,122		460
Cboe Global Markets Inc		2,300		205
Charles Schwab Corp/The		22,898		770
Chimera Investment Corp‡		3,100		28
Chubb Ltd		9,094		1,016
Cincinnati Financial Corp		3,100		234
CIT Group Inc		1,746		30
Citigroup Inc		42,260		1,780
Citizens Financial Group Inc		8,559		161
CME Group Inc		7,063		1,221
CNA Financial Corp		352		11
Comerica Inc		3,053		90
Commerce Bancshares Inc/MO		2,027		102
Credit Acceptance Corp, Cl A*		178		46
Cullen/Frost Bankers Inc		1,040		58
Discover Financial Services		6,320		225
E*TRADE Financial Corp		4,720		162
East West Bancorp Inc		2,600		67
Eaton Vance Corp		2,300		74
Equitable Holdings Inc		8,200		118
Erie Indemnity Co, Cl A		500		74
Evercore Inc, Cl A		983		45
Everest Re Group Ltd		779		150
FactSet Research Systems Inc		798		208
Fidelity National Financial Inc		5,510		137
Fifth Third Bancorp		14,700		218
First American Financial Corp		2,000		85
First Citizens BancShares Inc/NC, Cl A		130		43
First Hawaiian Inc		2,400		40
First Horizon National Corp		5,800		47
First Republic Bank/CA		3,453		284
FNB Corp/PA		6,200		46
Franklin Resources Inc		6,000		100
Globe Life Inc		2,301		166
Goldman Sachs Group Inc/The		6,400		989
Hanover Insurance Group Inc/The, Cl A		789		71
Hartford Financial Services Group Inc/The		7,000		247
Huntington Bancshares Inc/OH		20,277		166
Interactive Brokers Group Inc, Cl A		1,421		61
Intercontinental Exchange Inc		10,912		881
Invesco Ltd		7,357		67
Janus Henderson Group PLC		3,000		46
Jefferies Financial Group Inc		5,400		74
JPMorgan Chase & Co		62,308		5,610
Kemper Corp, Cl A		1,155		86
KeyCorp		19,988		207
Lazard Ltd, Cl A (B)		1,900		45
Legg Mason Inc		1,800		88
LendingTree Inc*		200		37
Lincoln National Corp		4,177		110
Loews Corp		4,889		170



Description	Shares		Market Value ($ Thousands)
LPL Financial Holdings Inc		1,500	$	82
M&T Bank Corp		2,678		277
Markel Corp*		280		260
MarketAxess Holdings Inc		753		250
Marsh & McLennan Cos Inc		10,111		874
Mercury General Corp		400		16
MetLife Inc		15,636		478
MFA Financial Inc‡		9,569		15
MGIC Investment Corp		6,400		41
Moody’s Corp		3,286		695
Morgan Stanley		23,215		789
Morningstar Inc, Cl A		400		46
MSCI Inc, Cl A		1,674		484
Nasdaq Inc, Cl A		2,200		209
Navient Corp		3,300		25
New Residential Investment Corp‡		7,940		40
New York Community Bancorp Inc		9,600		90
Northern Trust Corp		3,950		298
Old Republic International Corp		5,200		79
OneMain Holdings Inc, Cl A		981		19
PacWest Bancorp		2,200		39
People’s United Financial Inc		8,724		96
Pinnacle Financial Partners Inc		1,300		49
PNC Financial Services Group Inc/The		8,680		831
Popular Inc		1,900		66
Primerica Inc		881		78
Principal Financial Group Inc, Cl A		5,334		167
Progressive Corp/The		11,807		872
Prosperity Bancshares Inc		2,000		97
Prudential Financial Inc		7,869		410
Raymond James Financial Inc		2,370		150
Regions Financial Corp		18,412		165
Reinsurance Group of America Inc, Cl A		1,324		111
RenaissanceRe Holdings Ltd		875		130
S&P Global Inc		4,939		1,210
Santander Consumer USA Holdings Inc		1,800		25
SEI Investments Co †		2,500		116
Signature Bank/New York NY, Cl B		978		79
SLM Corp		7,400		53
Starwood Property Trust Inc‡		5,800		59
State Street Corp		7,009		373
Sterling Bancorp/DE		4,000		42
SVB Financial Group, Cl B*		984		149
Synchrony Financial		11,756		189
Synovus Financial Corp		2,700		47
T Rowe Price Group Inc		4,571		446
TCF Financial Corp		2,917		66
TD Ameritrade Holding Corp		5,211		181
Texas Capital Bancshares Inc*		900		20
TFS Financial Corp		617		9
Travelers Cos Inc/The		5,008		498
Truist Financial Corp		26,584		820


4		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

SCHEDULE OF INVESTMENTS (Unaudited)

Large Cap Index Fund (Continued)

March 31, 2020



Description	Shares		Market Value ($ Thousands)
Two Harbors Investment Corp ‡		6,100	$	23
Umpqua Holdings Corp		4,000		44
Unum Group		3,900		59
US Bancorp		27,926		962
Virtu Financial Inc, Cl A		1,400		29
Voya Financial Inc		2,700		109
Webster Financial Corp		1,500		34
Wells Fargo & Co		74,591		2,141
Western Alliance Bancorp		1,700		52
White Mountains Insurance Group Ltd		58		53
Willis Towers Watson PLC		2,586		439
Wintrust Financial Corp		900		30
WR Berkley Corp		2,800		146
Zions Bancorp NA		3,200		87

				52,071


Health Care — 14.9%
Abbott Laboratories		34,366		2,712
AbbVie Inc		29,517		2,249
ABIOMED Inc*		848		123
Acadia Healthcare Co Inc, Cl A*		1,700		31
Adaptive Biotechnologies Corp*		1,300		36
Agilent Technologies Inc		6,079		435
Agios Pharmaceuticals Inc*		1,100		39
Alexion Pharmaceuticals Inc*		4,248		381
Align Technology Inc*		1,549		269
Alkermes PLC*		3,700		53
Allergan PLC		6,586		1,166
Alnylam Pharmaceuticals Inc*		2,074		226
AmerisourceBergen Corp, Cl A		2,888		255
Amgen Inc, Cl A		11,792		2,391
Anthem Inc		5,060		1,149
Avantor Inc*		6,000		75
Baxter International Inc		9,619		781
Becton Dickinson and Co		5,387		1,238
Biogen Inc*		3,463		1,096
BioMarin Pharmaceutical Inc*		3,537		299
Bio-Rad Laboratories Inc, Cl A*		400		140
Bio-Techne Corp		718		136
Bluebird Bio Inc*		1,100		51
Boston Scientific Corp*		27,696		904
Bristol-Myers Squibb Co		46,642		2,600
Bruker Corp		2,000		72
Cantel Medical Corp		600		22
Cardinal Health Inc		6,000		288
Catalent Inc*		3,023		157
Centene Corp*		11,595		689
Cerner Corp		6,200		390
Change Healthcare Inc*		3,835		38
Charles River Laboratories International Inc*		1,000		126
Chemed Corp		336		146
Cigna Corp		7,272		1,288



Description	Shares		Market Value ($ Thousands)
Cooper Cos Inc/The, Cl A		958	$	264
Covetrus Inc*		1,619		13
CVS Health Corp		25,912		1,537
Danaher Corp, Cl A		12,274		1,699
DaVita Inc*		1,700		129
DENTSPLY SIRONA Inc		4,400		171
DexCom Inc*		1,848		498
Edwards Lifesciences Corp, Cl A*		4,115		776
Elanco Animal Health Inc*		7,577		170
Eli Lilly & Co		16,962		2,353
Encompass Health Corp		2,000		128
Envista Holdings Corp*		2,500		37
Exact Sciences Corp*		2,700		157
Exelixis Inc*		5,600		96
Gilead Sciences Inc		25,496		1,906
Guardant Health Inc*		800		56
HCA Healthcare Inc		5,312		477
Henry Schein Inc*		2,847		144
Hill-Rom Holdings Inc		1,250		126
Hologic Inc*		5,400		190
Horizon Therapeutics Plc*		3,800		113
Humana Inc*		2,615		821
ICU Medical Inc*		359		72
IDEXX Laboratories Inc*		1,676		406
Illumina Inc*		2,922		798
Incyte Corp*		3,543		259
Insulet Corp*		1,167		193
Integra LifeSciences Holdings Corp*		1,600		71
Intuitive Surgical Inc*		2,285		1,132
Ionis Pharmaceuticals Inc*		2,500		118
IQVIA Holdings Inc*		3,540		382
Jazz Pharmaceuticals PLC*		1,121		112
Johnson & Johnson		53,032		6,954
Laboratory Corp of America Holdings*		2,000		253
Masimo Corp*		900		159
McKesson Corp		3,240		438
MEDNAX Inc*		1,800		21
Medtronic PLC		26,783		2,415
Merck & Co Inc		51,022		3,926
Mettler-Toledo International Inc*		473		327
Moderna Inc*		4,200		126
Molina Healthcare Inc*		1,195		167
Mylan NV*		10,100		151
Nektar Therapeutics, Cl A*		3,400		61
Neurocrine Biosciences Inc*		1,784		154
Penumbra Inc*		600		97
PerkinElmer Inc		2,300		173
Perrigo Co PLC		2,683		129
Pfizer Inc		111,462		3,638
PPD Inc*		1,300		23
PRA Health Sciences Inc*		1,200		100
Premier Inc, Cl A*		1,200		39


5		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

SCHEDULE OF INVESTMENTS (Unaudited)

Large Cap Index Fund (Continued)

March 31, 2020



Description	Shares		Market Value ($ Thousands)
QIAGEN NV*		4,600	$	191
Quest Diagnostics Inc		2,600		209
Regeneron Pharmaceuticals Inc*		1,630		796
ResMed Inc		2,853		420
Sage Therapeutics Inc*		800		23
Sarepta Therapeutics Inc*		1,400		137
Seattle Genetics Inc*		2,261		261
STERIS PLC		1,700		238
Stryker Corp		6,809		1,134
Teleflex Inc		952		279
Thermo Fisher Scientific Inc		8,016		2,273
United Therapeutics Corp*		832		79
UnitedHealth Group Inc		18,927		4,720
Universal Health Services Inc, Cl B		1,575		156
Varian Medical Systems Inc*		1,836		188
Veeva Systems Inc, Cl A*		2,630		411
Vertex Pharmaceuticals Inc*		5,222		1,243
Waters Corp*		1,254		228
West Pharmaceutical Services Inc		1,444		220
Zimmer Biomet Holdings Inc		4,122		417
Zoetis Inc, Cl A		9,506		1,119

				71,548


Industrials — 8.4%
3M Co		11,142		1,521
Acuity Brands Inc		778		67
ADT Inc (A)		3,100		13
AECOM*		3,100		93
AGCO Corp		1,300		61
Air Lease Corp, Cl A		2,200		49
Alaska Air Group Inc		2,200		63
Allegion plc		1,850		170
Allison Transmission Holdings Inc		2,500		82
AMERCO		210		61
American Airlines Group Inc		7,572		92
AMETEK Inc		4,583		330
AO Smith Corp		2,700		102
Arconic Inc		7,600		122
Armstrong World Industries Inc		1,000		79
Boeing Co/The		10,571		1,577
BWX Technologies Inc, Cl W		2,000		97
Carlisle Cos Inc		1,124		141
Caterpillar Inc, Cl A		10,812		1,255
CH Robinson Worldwide Inc		2,655		176
Cintas Corp		1,670		289
Clean Harbors Inc*		1,100		56
Colfax Corp*		1,600		32
Copa Holdings SA, Cl A		633		29
Copart Inc*		3,960		271
CoStar Group Inc*		698		410
Crane Co, Cl A		900		44
CSX Corp		14,774		847
Cummins Inc		2,974		402



Description	Shares		Market Value ($ Thousands)
Curtiss-Wright Corp		800	$	74
Deere & Co		5,632		778
Delta Air Lines Inc, Cl A		11,321		323
Donaldson Co Inc, Cl A		2,300		89
Dover Corp		2,787		234
Eaton Corp PLC		8,395		652
Emerson Electric Co		12,343		588
Equifax Inc		2,435		291
Expeditors International of Washington Inc		3,500		234
Fastenal Co, Cl A		11,687		365
FedEx Corp		4,764		578
Flowserve Corp		2,400		57
Fluor Corp		3,000		21
Fortive Corp		5,959		329
Fortune Brands Home & Security Inc		2,961		128
Gates Industrial Corp PLC*		200		1
General Dynamics Corp		5,110		676
General Electric Co		171,709		1,363
Graco Inc		3,500		171
GrafTech International Ltd		1,261		10
HD Supply Holdings Inc*		3,400		97
HEICO Corp		950		71
HEICO Corp, Cl A		1,700		109
Hexcel Corp, Cl A		1,600		60
Honeywell International Inc		14,439		1,932
Hubbell Inc, Cl B		1,105		127
Huntington Ingalls Industries Inc, Cl A		827		151
IAA Inc*		2,600		78
IDEX Corp		1,452		201
IHS Markit Ltd		7,707		462
Illinois Tool Works Inc		6,426		913
Ingersoll Rand Inc*		6,549		162
ITT Inc		1,748		79
Jacobs Engineering Group Inc		2,600		206
JB Hunt Transport Services Inc		1,669		154
JetBlue Airways Corp*		5,797		52
Johnson Controls International plc		15,590		420
Kansas City Southern		1,880		239
KAR Auction Services Inc		2,500		30
Kirby Corp*		1,000		43
Knight-Swift Transportation Holdings Inc, Cl A		2,600		85
L3Harris Technologies Inc		4,436		799
Landstar System Inc		746		72
Lennox International Inc		696		127
Lincoln Electric Holdings Inc		1,100		76
Lockheed Martin Corp		4,917		1,667
Lyft Inc, Cl A*		3,800		102
Macquarie Infrastructure Corp		1,200		30
ManpowerGroup Inc		1,088		58
Masco Corp		5,400		187
Middleby Corp/The*		1,035		59


6		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

SCHEDULE OF INVESTMENTS (Unaudited)

Large Cap Index Fund (Continued)

March 31, 2020



Description	Shares		Market Value ($ Thousands)
MSC Industrial Direct Co Inc, Cl A		879	$	48
Nielsen Holdings PLC		6,800		85
Nordson Corp		1,143		154
Norfolk Southern Corp		5,093		744
Northrop Grumman Corp		3,189		965
nVent Electric PLC		3,300		56
Old Dominion Freight Line Inc, Cl A		1,973		259
Oshkosh Corp		1,400		90
Owens Corning		2,000		78
PACCAR Inc		6,855		419
Parker-Hannifin Corp, Cl A		2,568		333
Pentair PLC		3,100		92
Quanta Services Inc		2,600		83
Raytheon Co		5,567		730
Regal Beloit Corp		800		50
Republic Services Inc		4,300		323
Resideo Technologies Inc*		1,486		7
Robert Half International Inc		2,300		87
Rockwell Automation Inc		2,303		348
Rollins Inc		2,700		98
Roper Technologies Inc		2,031		633
Ryder System Inc		900		24
Schneider National Inc, Cl B		1,200		23
Sensata Technologies Holding PLC*		2,900		84
Snap-on Inc		1,019		111
Southwest Airlines Co, Cl A		9,444		336
Spirit AeroSystems Holdings Inc, Cl A		2,300		55
Stanley Black & Decker Inc		3,067		307
Stericycle Inc, Cl A*		1,900		92
Teledyne Technologies Inc*		756		225
Textron Inc		4,538		121
Timken Co/The		1,300		42
Toro Co/The		2,200		143
Trane Technologies PLC		4,689		387
TransDigm Group Inc		1,012		324
TransUnion		3,800		251
Trinity Industries Inc		1,800		29
Uber Technologies Inc*		19,000		530
Union Pacific Corp		13,879		1,958
United Airlines Holdings Inc*		4,373		138
United Parcel Service Inc, Cl B		13,924		1,301
United Rentals Inc*		1,503		155
United Technologies Corp		16,252		1,533
Univar Solutions Inc*		3,400		36
Valmont Industries Inc		400		42
Verisk Analytics Inc, Cl A		3,180		443
WABCO Holdings Inc*		1,000		135
Waste Management Inc		8,405		778
Watsco Inc		633		100
WESCO International Inc*		600		14
Westinghouse Air Brake Technologies Corp		3,766		181
Woodward Inc		1,097		65



Description	Shares		Market Value ($ Thousands)
WW Grainger Inc		911	$	226
XPO Logistics Inc*		1,733		84
Xylem Inc/NY		3,538		230

				40,526


Information Technology — 24.5%
2U Inc*		1,300		28
Accenture PLC, Cl A		12,750		2,082
Adobe Inc*		9,635		3,066
Advanced Micro Devices Inc*		20,478		931
Akamai Technologies Inc*		3,100		284
Alliance Data Systems Corp		676		23
Alteryx Inc, Cl A*		900		86
Amdocs Ltd		2,700		148
Amphenol Corp, Cl A		5,816		424
Analog Devices Inc		7,395		663
Anaplan Inc*		1,800		54
ANSYS Inc*		1,644		382
Apple Inc		82,351		20,941
Applied Materials Inc		18,397		843
Arista Networks Inc*		1,183		240
Arrow Electronics Inc, Cl A*		1,731		90
Aspen Technology Inc*		1,300		124
Atlassian Corp PLC, Cl A*		2,400		329
Autodesk Inc, Cl A*		4,407		688
Automatic Data Processing Inc		8,679		1,186
Avalara Inc*		1,043		78
Avnet Inc		2,300		58
Bill.Com Holdings Inc*		200		7
Black Knight Inc*		2,800		163
Booz Allen Hamilton Holding Corp, Cl A		2,740		188
Broadcom Inc		7,729		1,833
Broadridge Financial Solutions Inc		2,228		211
CACI International Inc, Cl A*		500		106
Cadence Design Systems Inc*		5,600		370
CDK Global Inc		2,176		71
CDW Corp/DE		2,900		270
Cerence Inc*		612		9
Ceridian HCM Holding Inc*		1,955		98
Ciena Corp*		2,900		115
Cisco Systems Inc		85,776		3,372
Citrix Systems Inc		2,402		340
Cognex Corp		3,200		135
Cognizant Technology Solutions Corp, Cl A		11,061		514
Coherent Inc*		443		47
CommScope Holding Co Inc*		3,800		35
CoreLogic Inc/United States		1,700		52
Corning Inc, Cl B		15,414		317
Coupa Software Inc*		1,300		182
Cree Inc*		2,200		78
Cypress Semiconductor Corp		7,500		175
Dell Technologies Inc, Cl C*		3,127		124
DocuSign Inc, Cl A*		3,220		298


7		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

SCHEDULE OF INVESTMENTS (Unaudited)

Large Cap Index Fund (Continued)

March 31, 2020



Description	Shares		Market Value ($ Thousands)
Dolby Laboratories Inc, Cl A		1,200	$	65
Dropbox Inc, Cl A*		3,900		71
DXC Technology Co		4,981		65
Dynatrace Inc*		2,600		62
EchoStar Corp, Cl A*		900		29
Elastic NV*		1,000		56
Entegris Inc		2,500		112
EPAM Systems Inc*		1,053		195
Euronet Worldwide Inc*		900		77
F5 Networks Inc, Cl A*		1,241		132
Fair Isaac Corp*		619		190
Fidelity National Information Services Inc, Cl B		12,288		1,495
FireEye Inc*		3,600		38
First Solar Inc*		1,600		58
Fiserv Inc, Cl A*		11,237		1,067
FleetCor Technologies Inc*		1,748		326
FLIR Systems Inc		2,500		80
Fortinet Inc*		2,800		283
Gartner Inc*		1,766		176
Genpact Ltd		3,500		102
Global Payments Inc		5,967		861
GoDaddy Inc, Cl A*		3,525		201
Guidewire Software Inc, Cl Z*		1,582		125
Hewlett Packard Enterprise Co		26,607		258
HP Inc		29,465		512
HubSpot Inc*		800		107
Intel Corp		85,591		4,632
International Business Machines Corp		17,747		1,969
Intuit Inc		4,968		1,143
IPG Photonics Corp*		633		70
Jabil Inc		2,800		69
Jack Henry & Associates Inc		1,554		241
Juniper Networks Inc		6,500		124
Keysight Technologies Inc*		3,800		318
KLA Corp		3,199		460
Lam Research Corp		2,935		704
Leidos Holdings Inc		2,700		247
Littelfuse Inc		500		67
LogMeIn Inc		1,000		83
Manhattan Associates Inc*		1,305		65
Marvell Technology Group Ltd		13,372		303
Mastercard Inc, Cl A		17,673		4,269
Maxim Integrated Products Inc		5,500		267
Medallia Inc*		1,300		26
Microchip Technology Inc		4,701		319
Micron Technology Inc*		22,068		928
Microsoft Corp		151,181		23,843
MKS Instruments Inc		1,000		81
MongoDB Inc, Cl A*		868		119
Monolithic Power Systems Inc		835		140
Motorola Solutions Inc		3,436		457



Description	Shares		Market Value ($ Thousands)
National Instruments Corp		2,500	$	83
NCR Corp*		2,323		41
NetApp Inc		4,500		188
New Relic Inc*		1,200		55
NortonLifeLock Inc		10,801		202
Nuance Communications Inc*		5,900		99
Nutanix Inc, Cl A*		3,259		51
NVIDIA Corp		11,697		3,083
Okta Inc, Cl A*		2,100		257
ON Semiconductor Corp*		8,300		103
Oracle Corp, Cl B		40,005		1,933
PagerDuty Inc*		1,100		19
Palo Alto Networks Inc*		1,861		305
Paychex Inc		6,419		404
Paycom Software Inc*		1,036		209
Paylocity Holding Corp*		700		62
PayPal Holdings Inc*		23,380		2,238
Pegasystems Inc		900		64
Pluralsight Inc, Cl A*		800		9
Proofpoint Inc*		1,100		113
PTC Inc*		2,165		133
Pure Storage Inc, Cl A*		4,800		59
Qorvo Inc*		2,268		183
QUALCOMM Inc		22,890		1,548
RealPage Inc*		1,700		90
RingCentral Inc, Cl A*		1,494		317
Sabre Corp		5,000		30
salesforce.com Inc*		16,771		2,415
ServiceNow Inc*		3,778		1,083
Skyworks Solutions Inc		3,472		310
Smartsheet Inc, Cl A*		1,700		71
SolarWinds Corp*		1,100		17
Splunk Inc*		3,133		395
Square Inc, Cl A*		6,900		361
SS&C Technologies Holdings Inc		4,600		202
Switch Inc, Cl A		1,400		20
SYNNEX Corp		800		58
Synopsys Inc*		2,931		377
Teradata Corp*		2,697		55
Teradyne Inc		3,454		187
Texas Instruments Inc		18,676		1,866
Trade Desk Inc/The, Cl A*		800		154
Trimble Inc*		4,900		156
Twilio Inc, Cl A*		2,400		215
Tyler Technologies Inc*		760		225
Ubiquiti Inc		169		24
Universal Display Corp		842		111
VeriSign Inc*		2,108		380
ViaSat Inc*		1,100		39
Visa Inc, Cl A		34,242		5,517
VMware Inc, Cl A*		1,494		181
Western Digital Corp		6,092		254


8		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

SCHEDULE OF INVESTMENTS (Unaudited)

Large Cap Index Fund (Continued)

March 31, 2020



Description	Shares		Market Value ($ Thousands)
Western Union Co/The		8,200	$	149
WEX Inc*		795		83
Workday Inc, Cl A*		3,263		425
Xerox Holdings Corp		3,300		62
Xilinx Inc		4,886		381
Zebra Technologies Corp, Cl A*		1,054		193
Zendesk Inc*		2,214		142
Zscaler Inc*		1,400		86

				117,617


Materials — 2.5%
Air Products & Chemicals Inc		4,364		871
Albemarle Corp		2,056		116
Alcoa Corp*		3,000		19
AptarGroup Inc		1,300		129
Ardagh Group SA, Cl A		100		1
Ashland Global Holdings Inc		1,300		65
Avery Dennison Corp		1,623		165
Axalta Coating Systems Ltd*		4,000		69
Ball Corp		6,535		423
Berry Global Group Inc*		2,377		80
Cabot Corp		1,100		29
Celanese Corp, Cl A		2,300		169
CF Industries Holdings Inc		4,237		115
Chemours Co/The		3,700		33
Corteva Inc		15,139		356
Crown Holdings Inc*		2,600		151
Domtar Corp		900		20
Dow Inc		15,075		441
DuPont de Nemours Inc		15,139		516
Eagle Materials Inc		959		56
Eastman Chemical Co		2,832		132
Ecolab Inc		5,059		788
Element Solutions Inc*		3,400		28
FMC Corp		2,500		204
Freeport-McMoRan Inc, Cl B		27,623		186
Graphic Packaging Holding Co		5,300		65
Huntsman Corp		4,905		71
International Flavors & Fragrances Inc (A)		2,160		221
International Paper Co		7,591		236
Linde PLC		10,730		1,856
LyondellBasell Industries NV, Cl A		5,411		269
Martin Marietta Materials Inc, Cl A		1,275		241
Mosaic Co/The		6,500		70
NewMarket Corp		113		43
Newmont Corp		16,370		741
Nucor Corp		5,900		213
O-I Glass Inc, Cl I		3,700		26
Olin Corp		3,700		43
Packaging Corp of America		1,827		159
PPG Industries Inc		4,779		400
Reliance Steel & Aluminum Co		1,250		110
Royal Gold Inc, Cl A		1,247		109



Description	Shares		Market Value ($ Thousands)
RPM International Inc		2,500	$	149
Scotts Miracle-Gro Co/The, Cl A		777		80
Sealed Air Corp		2,900		72
Sherwin-Williams Co/The, Cl A		1,637		752
Silgan Holdings Inc		1,700		49
Sonoco Products Co		2,000		93
Southern Copper Corp		1,600		45
Steel Dynamics Inc		3,949		89
United States Steel Corp (A)		2,900		18
Valvoline Inc		3,500		46
Vulcan Materials Co		2,639		285
Westlake Chemical Corp		532		20
Westrock Co		5,100		144
WR Grace & Co		1,000		35

				11,912


Real Estate — 3.5%
Alexandria Real Estate Equities Inc‡		2,389		327
American Campus Communities Inc‡		2,800		78
American Homes 4 Rent, Cl A‡		4,800		111
American Tower Corp, Cl A‡		8,753		1,906
Americold Realty Trust‡		4,000		136
Apartment Investment & Management Co, Cl A‡		3,100		109
Apple Hospitality Inc‡		5,100		47
AvalonBay Communities Inc‡		2,728		402
Boston Properties Inc‡		3,062		282
Brandywine Realty Trust‡		3,100		33
Brixmor Property Group Inc‡		5,700		54
Brookfield Property Inc, Cl A‡		1,727		15
Camden Property Trust‡		1,800		143
CBRE Group Inc, Cl A* ‡		6,800		256
Colony Capital Inc‡		7,400		13
Columbia Property Trust Inc‡		1,700		21
CoreSite Realty Corp‡		700		81
Corporate Office Properties Trust‡		1,900		42
Cousins Properties Inc‡		2,900		85
Crown Castle International Corp‡		8,221		1,187
CubeSmart‡		3,500		94
CyrusOne Inc‡		2,354		145
Digital Realty Trust Inc, Cl A‡		5,164		717
Douglas Emmett Inc‡		3,600		110
Duke Realty Corp‡		7,600		246
Empire State Realty Trust Inc, Cl A‡		2,300		21
EPR Properties, Cl A‡		1,500		36
Equinix Inc‡		1,682		1,051
Equity Commonwealth‡		2,300		73
Equity LifeStyle Properties Inc‡		3,400		195
Equity Residential‡		7,383		456
Essex Property Trust Inc‡		1,317		290
Extra Space Storage Inc‡		2,600		249
Federal Realty Investment Trust‡		1,446		108
Gaming and Leisure Properties Inc‡		4,055		112


9		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

SCHEDULE OF INVESTMENTS (Unaudited)

Large Cap Index Fund (Continued)

March 31, 2020



Description	Shares		Market Value ($ Thousands)
Healthcare Trust of America Inc, Cl A‡		4,700	$	114
Healthpeak Properties Inc‡		10,070		240
Highwoods Properties Inc‡		1,878		67
Host Hotels & Resorts Inc‡		14,402		159
Howard Hughes Corp/The* ‡		763		39
Hudson Pacific Properties Inc‡		3,000		76
Hyatt Hotels Corp, Cl A		694		33
Invitation Homes Inc‡		10,900		233
Iron Mountain Inc‡		5,600		133
JBG SMITH Properties‡		2,500		80
Jones Lang LaSalle Inc		943		95
Kilroy Realty Corp‡		2,000		127
Kimco Realty Corp‡		8,100		78
Lamar Advertising Co, Cl A‡		1,700		87
Life Storage Inc‡		1,000		95
Macerich Co/The‡		2,200		12
Medical Properties Trust Inc‡		9,835		170
Mid-America Apartment Communities Inc‡		2,300		237
National Retail Properties Inc‡		3,200		103
Omega Healthcare Investors Inc‡		4,254		113
Outfront Media Inc‡		2,811		38
Paramount Group Inc‡		3,200		28
Park Hotels & Resorts Inc‡		4,900		39
Prologis Inc‡		14,529		1,168
Public Storage‡		2,988		594
Rayonier Inc‡		2,500		59
Realty Income Corp‡		6,381		318
Regency Centers Corp‡		3,200		123
Retail Properties of America Inc, Cl A‡		4,180		22
SBA Communications Corp, Cl A‡		2,296		620
Service Properties Trust‡		3,000		16
Simon Property Group Inc‡		6,135		337
SITE Centers Corp‡		2,000		10
SL Green Realty Corp‡		1,535		66
Spirit Realty Capital Inc‡		1,978		52
STORE Capital Corp‡		4,200		76
Sun Communities Inc‡		1,800		225
Taubman Centers Inc‡		1,200		50
UDR Inc‡		6,000		219
Ventas Inc‡		7,590		203
VEREIT Inc‡		20,000		98
VICI Properties Inc‡		8,794		146
Vornado Realty Trust‡		3,700		134
Weingarten Realty Investors‡		2,000		29
Welltower Inc‡		8,100		371
Weyerhaeuser Co‡		15,297		259
WP Carey Inc‡		3,390		197


				17,019


Utilities — 3.4%
AES Corp/VA		13,200		179
Alliant Energy Corp		5,000		241
Ameren Corp		4,925		359



Description	Shares		Market Value ($ Thousands)
American Electric Power Co Inc		9,829	$	786
American Water Works Co Inc		3,727		446
Atmos Energy Corp		2,366		235
Avangrid Inc		1,200		53
CenterPoint Energy Inc		10,055		155
CMS Energy Corp		5,710		335
Consolidated Edison Inc		6,539		510
Dominion Energy Inc		16,302		1,177
DTE Energy Co		3,613		343
Duke Energy Corp		14,452		1,169
Edison International		7,063		387
Entergy Corp		4,035		379
Essential Utilities Inc		4,400		179
Evergy Inc		4,617		254
Eversource Energy		6,498		508
Exelon Corp		19,339		712
FirstEnergy Corp		10,900		437
Hawaiian Electric Industries Inc		2,300		99
IDACORP Inc, Cl A		1,100		97
MDU Resources Group Inc		3,900		84
National Fuel Gas Co		1,500		56
NextEra Energy Inc		9,808		2,360
NiSource Inc		7,200		180
NRG Energy Inc		5,000		136
OGE Energy Corp		3,800		117
PG&E Corp*		11,106		100
Pinnacle West Capital Corp		2,200		167
PPL Corp		15,134		373
Public Service Enterprise Group Inc		10,180		457
Sempra Energy		5,614		634
Southern Co/The		20,802		1,126
UGI Corp		4,230		113
Vistra Energy Corp		8,169		130
WEC Energy Group Inc		6,385		563
Xcel Energy Inc		10,590		639

				16,275

Total Common Stock (Cost $521,805) ($ Thousands)				468,160


AFFILIATED PARTNERSHIP — 0.1%
SEI Liquidity Fund, L.P. 0.760%* * † (C)		554,831		555

Total Affiliated Partnership (Cost $555) ($ Thousands)				555


10		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

SCHEDULE OF INVESTMENTS (Unaudited)

Large Cap Index Fund (Continued)

March 31, 2020



Description	Shares		Market Value ($ Thousands)
CASH EQUIVALENT — 2.5%
SEI Daily Income Trust, Government Fund, Cl F 0.290%* *^†		11,905,814	$	11,906

Total Cash Equivalent (Cost $11,906) ($ Thousands)				11,906

Total Investments in Securities — 99.9% (Cost $534,266) ($ Thousands)			$	480,621

A list of the open futures contracts held by the Fund at March 31, 2020 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		95		Jun-2020	$	12,092	$	12,206	$	114
S&P Mid Cap 400 Index E-MINI		7		Jun-2020		983		1,006		23

					$	13,075	$	13,212	$	137

Percentages

are based on Net Assets of $481,124 ($ Thousands).

Non-income producing security.

Rate shown is the 7-day effective yield as of March 31, 2020.

^‡

Real Estate Investment Trust.

^†

Investment in Affiliated Security (see Note 6).

(A)

Certain securities or partial positions of certain securities are on loan at March 31, 2020 (see Note 10). The total market value of securities on loan at March 31, 2020 was $530 ($ Thousands).

(B)

Security is a Master Limited Partnership. At March 31, 2020, such securities amounted to $45 ($ Thousands), or 0.0% 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 March 31, 2020 was $555 ($ Thousands).

Cl — Class

L.P. — Limited Partnership

Ltd. — Limited

MSCI — Morgan Stanley Capital International

NASDAQ — National Association of Securities Dealers and Automated Quotations

PLC — Public Limited Company

S&P— Standard & Poor’s

The following is a list of the level of inputs used as of March 31, 2020, 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		468,160		—		—		468,160
Affiliated Partnership		—		555		—		555
Cash Equivalent		11,906		—		—		11,906

Total Investments in Securities		480,066		555		—		480,621



Other Financial Instruments	Level 1 ($)		Level 2 ($)		Level 3 ($)		Total ($)
Futures Contracts*
Unrealized Appreciation		137		—		—		137

Total Other Financial Instruments		137		—		—		137

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

For the period ended March 31, 2020, there were no transfers in or out of Level 3.

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


11		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

SCHEDULE OF INVESTMENTS (Unaudited)

Large Cap Index Fund (Concluded)

March 31, 2020

The following is a summary of the Fund’s transactions with affiliates for the period ended March 31, 2020 ($ Thousands):



Security Description	Value 9/30/2019			Purchases at Cost			Proceeds from Sales				Realized Gain/ (Loss)			Change in Unrealized Appreciation/ (Depreciation)				Value 3/31/2020			Shares		Income			Capital Gains
SEI Investment Co		$	124		$	26		$	—			$	—		$	(34	)		$	116		2,500		$	1		$	—
SEI Liquidity Fund, L.P.			710			4,308			(4,463	)			—			—				555		554,831			7			—
SEI Daily Income Trust, Government Fund, Cl F			15,765			93,821			(97,680	)			—			—				11,906		11,905,814			152			—

Totals		$	16,599		$	98,155		$	(102,143	)		$	-		$	(34	)		$	12,577				$	160		$	—

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

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


12		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

SCHEDULE OF INVESTMENTS (Unaudited)

Tax-Managed Large Cap Fund

March 31, 2020



Description	Shares		Market Value ($ Thousands)
COMMON STOCK — 99.1%

Communication Services — 5.4%
Alphabet Inc, Cl A*		26,214	$	30,459
Alphabet Inc, Cl C*		22,848		26,568
AT&T Inc		723,566		21,092
BCE Inc		538,174		21,990
CenturyLink Inc		313,398		2,965
Charter Communications Inc, Cl A*		14,857		6,482
Comcast Corp, Cl A		202,988		6,979
Electronic Arts Inc*		48,975		4,906
Facebook Inc, Cl A*		173,490		28,938
Omnicom Group Inc		111,965		6,147
TEGNA Inc		153,973		1,672
Verizon Communications Inc		185,200		9,951
Walt Disney Co/The		22,000		2,125

				170,274


Consumer Discretionary — 10.3%
Amazon.com Inc, Cl A*		26,556		51,777
AutoZone Inc*		16,513		13,970
Best Buy Co Inc		186,465		10,628
Booking Holdings Inc*		2,537		3,413
BorgWarner Inc		196,841		4,797
Brinker International Inc		266,571		3,202
Carnival Corp* (A)		357,842		4,713
Darden Restaurants Inc*		3,127		170
Dillard’s Inc, Cl A (A)		23,499		868
Dollar General Corp		309,007		46,663
Domino’s Pizza Inc		16,892		5,474
DR Horton Inc		16,198		551
eBay Inc		127,055		3,819
Foot Locker Inc, Cl A		203,876		4,495
GameStop Corp, Cl A* (A)		289,879		1,015
General Motors Co		281,445		5,848
Genuine Parts Co		93,037		6,264
Goodyear Tire & Rubber Co/The		941,697		5,481
Home Depot Inc/The		28,380		5,299
Lear Corp		115,549		9,388
Lowe’s Cos Inc		328,236		28,245
Magna International Inc, Cl A		19,822		633
NIKE Inc, Cl B		357,743		29,600
PulteGroup Inc		125,000		2,790
Ross Stores Inc		243,090		21,142
Royal Caribbean Cruises Ltd		71,822		2,311
Starbucks Corp		68,046		4,473
Target Corp, Cl A		198,025		18,410
TJX Cos Inc/The		374,562		17,908
TopBuild Corp*		51,618		3,698
Whirlpool Corp		59,551		5,109
Yum China Holdings Inc		52,847		2,253

				324,407


Consumer Staples — 10.7%
Altria Group Inc		546,042		21,115



Description	Shares		Market Value ($ Thousands)
Archer-Daniels-Midland Co		146,608	$	5,158
Coca-Cola Co/The		83,088		3,677
Conagra Brands Inc		429,158		12,592
Constellation Brands Inc, Cl A		10,975		1,573
Costco Wholesale Corp		20,685		5,898
Diageo PLC ADR (A)		98,094		12,469
Estee Lauder Cos Inc/The, Cl A		35,000		5,577
Hershey Co/The		94,818		12,563
Ingredion Inc		52,032		3,928
JM Smucker Co/The		188,990		20,978
Kimberly-Clark Corp		166,165		21,247
Kraft Heinz Co/The		5,643		140
Kroger Co/The		958,456		28,869
Lamb Weston Holdings Inc		16,377		935
Molson Coors Beverage Co, Cl B		305,781		11,929
Mondelez International Inc, Cl A		24,475		1,226
PepsiCo Inc		234,340		28,144
Philip Morris International Inc		452,673		33,027
Procter & Gamble Co/The		233,806		25,719
Tyson Foods Inc, Cl A		281,181		16,272
Unilever NV		612,509		29,884
Walgreens Boots Alliance Inc		375,176		17,164
Walmart Inc		163,857		18,618

				338,702


Energy — 2.4%
BP PLC ADR		108,492		2,646
Cabot Oil & Gas Corp		578,536		9,945
Canadian Natural Resources Ltd		155,995		2,114
Chevron Corp		213,036		15,437
ConocoPhillips		81,356		2,506
Exxon Mobil Corp		471,108		17,888
Marathon Petroleum Corp		154,884		3,658
Phillips 66		218,591		11,727
Valero Energy Corp		211,817		9,608

				75,529


Financials — 16.4%
Aflac Inc		232,060		7,946
Allstate Corp/The		59,438		5,452
American Financial Group Inc/OH		39,790		2,788
Ameriprise Financial Inc		82,444		8,449
Assurant Inc		47,000		4,892
Banco Santander SA ADR		4,246,293		9,979
Bank of America Corp		1,550,747		32,922
Berkshire Hathaway Inc, Cl B*		107,263		19,611
Blackstone Group Inc/The, Cl A		44,695		2,037
Capital One Financial Corp		113,167		5,706
Chubb Ltd		16,728		1,868
Citigroup Inc		569,487		23,987
CME Group Inc		117,119		20,251
Comerica Inc		304,585		8,936
Discover Financial Services		238,155		8,495


1		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

SCHEDULE OF INVESTMENTS (Unaudited)

Tax-Managed Large Cap Fund (Continued)

March 31, 2020



Description	Shares		Market Value ($ Thousands)
Essent Group Ltd		60,612	$	1,596
Everest Re Group Ltd		57,218		11,010
FactSet Research Systems Inc		11,209		2,922
Fifth Third Bancorp		622,170		9,239
First Republic Bank/CA		78,000		6,418
Goldman Sachs Group Inc/The		21,644		3,346
Hartford Financial Services Group Inc/The		101,910		3,591
Huntington Bancshares Inc/OH		321,477		2,639
Intercontinental Exchange Inc		58,438		4,719
JPMorgan Chase & Co		478,943		43,119
KeyCorp		816,571		8,468
KKR & Co Inc		253,461		5,949
Lincoln National Corp		426,736		11,232
Markel Corp*		16,753		15,545
Marsh & McLennan Cos Inc		138,328		11,960
Moody’s Corp		288,575		61,034
Morgan Stanley		311,935		10,606
MSCI Inc, Cl A		163,834		47,341
Navient Corp		593,848		4,501
PNC Financial Services Group Inc/The		46,966		4,496
Popular Inc		103,116		3,609
Progressive Corp/The		44,272		3,269
Prudential Financial Inc		44,724		2,332
Regions Financial Corp		599,114		5,374
Reinsurance Group of America Inc, Cl A		61,098		5,141
S&P Global Inc		18,482		4,529
Starwood Property Trust Inc‡		101,554		1,041
State Street Corp		155,745		8,296
T Rowe Price Group Inc		24,474		2,390
Travelers Cos Inc/The		120,419		11,964
Truist Financial Corp		253,457		7,817
Two Harbors Investment Corp‡		883,129		3,365
Unum Group		42,982		645
US Bancorp		75,494		2,601
Voya Financial Inc		294,050		11,924
Wells Fargo & Co		368,253		10,569

				517,916


Health Care — 18.6%
Abbott Laboratories		274,129		21,632
AbbVie Inc		92,048		7,013
Alexion Pharmaceuticals Inc*		57,862		5,195
Allergan PLC		29,322		5,193
AmerisourceBergen Corp, Cl A		137,635		12,181
Amgen Inc, Cl A		148,566		30,119
Anthem Inc		16,702		3,792
AstraZeneca PLC ADR		25,344		1,132
Baxter International Inc		63,282		5,138
Becton Dickinson and Co		152,107		34,950
Biogen Inc*		59,530		18,834
Bristol-Myers Squibb Co		343,381		19,140
Cardinal Health Inc		72,515		3,476
Centene Corp*		42,973		2,553



Description	Shares		Market Value ($ Thousands)
Cigna Corp		27,340	$	4,844
CVS Health Corp		379,134		22,494
Edwards Lifesciences Corp, Cl A*		20,638		3,893
Eli Lilly & Co		169,143		23,463
Gilead Sciences Inc		198,786		14,861
HCA Healthcare Inc		109,165		9,808
Horizon Therapeutics Plc*		139,419		4,130
Humana Inc*		25,179		7,907
IDEXX Laboratories Inc*		72,356		17,527
Intuitive Surgical Inc*		7,669		3,798
Johnson & Johnson		659,514		86,482
McKesson Corp		12,923		1,748
Merck & Co Inc		751,470		57,818
Mettler-Toledo International Inc*		28,371		19,590
Novartis AG ADR		159,076		13,116
Novo Nordisk A/S ADR		86,039		5,180
Pfizer Inc		995,962		32,508
Teleflex Inc		41,000		12,007
United Therapeutics Corp*		38,304		3,632
UnitedHealth Group Inc		197,672		49,295
Varian Medical Systems Inc*		44,957		4,615
Veeva Systems Inc, Cl A*		18,537		2,899
Vertex Pharmaceuticals Inc*		34,535		8,218
Zoetis Inc, Cl A		63,768		7,505

				587,686


Industrials — 7.6%
3M Co		68,094		9,296
AGCO Corp		52,600		2,485
Alaska Air Group Inc*		57,600		1,640
Armstrong World Industries Inc		33,000		2,621
Carlisle Cos Inc		15,600		1,954
Caterpillar Inc, Cl A		32,511		3,773
Chart Industries Inc*		112,781		3,268
Cummins Inc		8,214		1,111
Deere & Co		27,326		3,775
Delta Air Lines Inc, Cl A*		245,758		7,011
Eaton Corp PLC		150,532		11,695
FedEx Corp		25,129		3,047
Fortive Corp		125,423		6,922
General Dynamics Corp		61,000		8,071
Graco Inc		568,764		27,716
Honeywell International Inc		84,277		11,275
Huntington Ingalls Industries Inc, Cl A		41,706		7,599
Illinois Tool Works Inc		143,062		20,332
L3Harris Technologies Inc		25,220		4,543
Lockheed Martin Corp		15,688		5,317
ManpowerGroup Inc		18,167		963
Northrop Grumman Corp		16,563		5,011
Oshkosh Corp		61,954		3,985
PACCAR Inc		43,000		2,629
Raytheon Co		106,117		13,917
Robert Half International Inc		66,990		2,529


2		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

SCHEDULE OF INVESTMENTS (Unaudited)

Tax-Managed Large Cap Fund (Continued)

March 31, 2020



Description	Shares		Market Value ($ Thousands)
Roper Technologies Inc		67,713	$	21,114
Southwest Airlines Co, Cl A (A)		86,460		3,079
SPX Corp*		148,826		4,858
Textron Inc		190,528		5,081
Timken Co/The		36,449		1,179
TransDigm Group Inc*		26,436		8,465
United Technologies Corp		81,889		7,725
Waste Management Inc		18,232		1,688
WW Grainger Inc		64,211		15,956

				241,630


Information Technology — 19.7%
Adobe Inc*		137,412		43,730
Analog Devices Inc		82,993		7,440
Apple Inc		266,564		67,784
Applied Materials Inc		507,844		23,269
Arista Networks Inc*		20,998		4,253
ASML Holding NV, Cl G		27,764		7,264
Broadcom Inc		17,131		4,062
Cisco Systems Inc		859,735		33,796
Citrix Systems Inc		44,716		6,330
Cognizant Technology Solutions Corp, Cl A		8,912		414
Corning Inc, Cl B		234,159		4,810
Dropbox Inc, Cl A*		216,744		3,923
Hewlett Packard Enterprise Co		307,307		2,984
HP Inc		480,394		8,340
Intel Corp		631,741		34,190
International Business Machines Corp		6,932		769
Intuit Inc		156,005		35,881
IPG Photonics Corp*		36,842		4,063
Juniper Networks Inc		10,346		198
Keysight Technologies Inc*		148,082		12,392
Lam Research Corp		22,006		5,281
Marvell Technology Group Ltd		264,770		5,992
Mastercard Inc, Cl A		224,790		54,300
Microchip Technology Inc (A)		248,826		16,870
Micron Technology Inc*		161,000		6,772
Microsoft Corp		486,353		76,703
Motorola Solutions Inc		22,111		2,939
Oracle Corp, Cl B		512,747		24,781
QUALCOMM Inc		79,861		5,403
salesforce.com Inc*		37,202		5,356
SAP SE ADR (A)		99,584		11,004
Seagate Technology PLC		201,245		9,821
ServiceNow Inc*		18,268		5,235
Tech Data Corp*		39,569		5,178
Teradyne Inc		50,036		2,711
Texas Instruments Inc		44,297		4,427
VeriSign Inc*		91,384		16,457
Visa Inc, Cl A		288,204		46,435
Vishay Intertechnology Inc		136,443		1,966
Western Digital Corp		72,366		3,012



Description	Shares		Market Value ($ Thousands)
Zendesk Inc*		63,012	$	4,033

				620,568


Materials — 4.3%
Cabot Corp		199,724		5,217
Celanese Corp, Cl A		28,298		2,077
Corteva Inc		64,004		1,504
Domtar Corp		103,704		2,244
Dow Inc		64,005		1,872
DuPont de Nemours Inc		40,094		1,367
Eastman Chemical Co		34,295		1,598
Ecolab Inc		169,113		26,353
Huntsman Corp		531,983		7,677
Ingevity Corp*		14,131		497
International Paper Co		61,543		1,916
Linde PLC		136,959		23,694
LyondellBasell Industries NV, Cl A		74,826		3,714
Newmont Corp		125,562		5,685
O-I Glass Inc, Cl I		451,358		3,209
Sherwin-Williams Co/The, Cl A		78,752		36,188
Steel Dynamics Inc		349,887		7,886
Westrock Co		84,787		2,395

				135,093


Real Estate — 2.3%
American Tower Corp, Cl A‡		107,953		23,507
Brandywine Realty Trust‡		24,300		256
CBRE Group Inc, Cl A* ‡		41,173		1,553
Crown Castle International Corp‡		40,644		5,869
Diversified Healthcare Trust‡		1,874,622		6,805
Equinix Inc‡		1,986		1,240
Equity Commonwealth* ‡		50,543		1,603
Healthpeak Properties Inc‡		666,332		15,892
Host Hotels & Resorts Inc‡		74,075		818
Public Storage‡		4,106		815
SBA Communications Corp, Cl A‡		25,216		6,807
Welltower Inc‡		159,008		7,279

				72,444


Utilities — 1.4%
Ameren Corp		65,226		4,751
American Electric Power Co Inc		57,553		4,603
Edison International		58,113		3,184
Exelon Corp		317,795		11,698
FirstEnergy Corp		180,837		7,246
NextEra Energy Inc		49,228		11,845
Vistra Energy Corp		40,284		643

				43,970

Total Common Stock (Cost $1,863,442) ($ Thousands)				3,128,219


3		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

SCHEDULE OF INVESTMENTS (Unaudited)

Tax-Managed Large Cap Fund (Concluded)

March 31, 2020



Description	Shares		Market Value ($ Thousands)
AFFILIATED PARTNERSHIP — 0.9%
SEI Liquidity Fund, L.P. 0.760%* * † (B)		28,160,365	$	28,165

Total Affiliated Partnership (Cost $28,158) ($ Thousands)				28,165



Description	Shares		Market Value ($ Thousands)
CASH EQUIVALENT — 0.3%
SEI Daily Income Trust, Government Fund, Cl F 0.290%* * †		7,958,957	$	7,959

Total Cash Equivalent (Cost $7,959) ($ Thousands)				7,959

Total Investments in Securities — 100.3% (Cost $1,899,559) ($ Thousands)			$	3,164,343

A list of the open futures contracts held by the Fund at March 31, 2020 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		48		Jun-2020	$	6,085	$	6,167	$	82
S&P Mid Cap 400 Index E-MINI		2		Jun-2020		288		288		–

					$	6,373	$	6,455	$	82

Percentages are based on a Net Assets of $3,154,994 ($ Thousands).

Non-income producing security.

The rate reported is the 7-day effective yield as of March 31, 2020.

^‡

Real Estate Investment Trust.

^†

Investment in Affiliated Security (see Note 6).

(A)

Certain securities or partial positions of certain securities are on loan at March 31, 2020 (see Note 10). The total market value of securities on loan at March 31, 2020, was $27,284 ($ 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 March 31, 2020 was $28,165 ($ Thousands).

ADR — American Depositary Receipt

Cl — Class

L.P. — Limited Partnership

PLC — Public Limited Company

S&P— Standard & Poor’s

The following is a list of the level of inputs used as of March 31, 2020, in valuing the Fund’s investments carried and other financial instruments at value ($ Thousands):



Investments in Securities	Level 1 ($)		Level 2 ($)		Level 3 ($)		Total ($)
Common Stock		3,128,219		—		—		3,128,219
Affiliated Partnership		—		28,165		—		28,165
Cash Equivalent		7,959		—		—		7,959

Total Investments in Securities		3,136,178		28,165		—		3,164,343



Other Financial Instruments	Level 1 ($)		Level 2 ($)		Level 3 ($)		Total ($)
Futures Contracts*
Unrealized Appreciation		82		—		—		82

Total Other Financial Instruments		82		—		—		82

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

For the period ended March 31, 2020, there were no transfers in or out of Level 3.

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 period ended March 31, 2020 ($ Thousands):



Security Description	Value 9/30/2019			Purchases at Cost			Proceeds from Sales				Realized Gain/ (Loss)			Change in Unrealized Appreciation/(Depreciation)			Value 3/31/2020			Shares		Income			Capital Gains
SEI Liquidity Fund, L.P.		$	39,146		$	223,211		$	(234,196	)		$	—		$	4		$	28,165		28,160,365		$	405		$	—
SEI Daily Income Trust, Government Fund, Cl F			34,813			260,048			(286,902	)			—			—			7,959		7,958,957			152			—

Totals		$	73,959		$	483,259		$	(521,098	)		$	—		$	4		$	36,124				$	557		$	—

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

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


4		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

SCHEDULE OF INVESTMENTS (Unaudited)

S&P 500 Index Fund

March 31, 2020



Description	Shares		Market Value ($ Thousands)
COMMON STOCK — 97.7%

Communication Services — 10.5%
Activision Blizzard Inc		24,500	$	1,457
Alphabet Inc, Cl A*		9,543		11,089
Alphabet Inc, Cl C*		9,520		11,070
AT&T Inc		233,993		6,821
CenturyLink Inc		30,170		285
Charter Communications Inc, Cl A*		5,000		2,182
Comcast Corp, Cl A		145,496		5,002
Discovery Inc, Cl A*		4,700		91
Discovery Inc, Cl C*		10,704		188
DISH Network Corp, Cl A*		7,638		153
Electronic Arts Inc*		9,478		950
Facebook Inc, Cl A*		76,986		12,841
Fox Corp		16,619		388
Interpublic Group of Cos Inc/The		12,201		198
Live Nation Entertainment Inc*		4,600		209
Netflix Inc*		14,000		5,257
News Corp, Cl A		11,975		108
News Corp, Cl B		4,000		36
Omnicom Group Inc		6,704		368
Take-Two Interactive Software Inc, Cl A*		3,500		415
T-Mobile US Inc*		10,300		864
Twitter Inc*		24,200		594
Verizon Communications Inc		132,496		7,119
ViacomCBS Inc, Cl B		17,521		245
Walt Disney Co/The		57,793		5,583

				73,513


Consumer Discretionary — 9.6%
Advance Auto Parts Inc		2,100		196
Amazon.com Inc, Cl A*		13,342		26,013
Aptiv PLC		7,800		384
AutoZone Inc*		768		650
Best Buy Co Inc		7,554		431
Booking Holdings Inc*		1,327		1,785
BorgWarner Inc		6,500		158
Capri Holdings Ltd*		4,900		53
CarMax Inc*		5,300		285
Carnival Corp		12,884		170
Chipotle Mexican Grill Inc, Cl A*		838		548
Darden Restaurants Inc		4,018		219
Dollar General Corp		8,281		1,250
Dollar Tree Inc*		7,354		540
DR Horton Inc		10,358		352
eBay Inc		24,849		747
Expedia Group Inc		4,455		251
Ford Motor Co		125,470		606
Gap Inc/The		6,931		49
Garmin Ltd		4,605		345
General Motors Co		40,813		848
Genuine Parts Co		4,436		299
H&R Block Inc		5,613		79
Hanesbrands Inc		11,700		92



Description	Shares		Market Value ($ Thousands)
Harley-Davidson Inc, Cl A		4,508	$	85
Hasbro Inc		3,996		286
Hilton Worldwide Holdings Inc		8,800		600
Home Depot Inc/The		34,945		6,525
Kohl’s Corp		5,056		74
L Brands Inc		8,027		93
Las Vegas Sands Corp		10,400		442
Leggett & Platt Inc		4,259		114
Lennar Corp, Cl A		8,616		329
LKQ Corp*		9,800		201
Lowe’s Cos Inc		24,349		2,095
Macy’s Inc (A)		10,864		53
Marriott International Inc/MD, Cl A		8,824		660
McDonald’s Corp		24,111		3,987
MGM Resorts International		17,100		202
Mohawk Industries Inc*		1,900		145
Newell Brands Inc, Cl B		12,555		167
NIKE Inc, Cl B		40,023		3,311
Nordstrom Inc		3,207		49
Norwegian Cruise Line Holdings Ltd*		6,800		75
NVR Inc*		110		283
O’Reilly Automotive Inc*		2,362		711
PulteGroup Inc		8,099		181
PVH Corp		2,559		96
Ralph Lauren Corp, Cl A		1,605		107
Ross Stores Inc		11,736		1,021
Royal Caribbean Cruises Ltd		5,500		177
Starbucks Corp		37,934		2,494
Tapestry Inc		8,719		113
Target Corp, Cl A		16,128		1,499
Tiffany & Co		3,478		450
TJX Cos Inc/The		38,586		1,845
Tractor Supply Co		3,700		313
Ulta Beauty Inc*		1,900		334
Under Armour Inc, Cl A*		6,005		55
Under Armour Inc, Cl C*		6,449		52
VF Corp		10,165		550
Whirlpool Corp		1,905		163
Wynn Resorts Ltd		3,100		187
Yum! Brands Inc		9,870		676

				67,150


Consumer Staples — 7.6%
Altria Group Inc		59,373		2,296
Archer-Daniels-Midland Co		18,175		639
Brown-Forman Corp, Cl B		5,765		320
Campbell Soup Co		5,184		239
Church & Dwight Co Inc		8,100		520
Clorox Co/The		4,042		700
Coca-Cola Co/The		123,549		5,467
Colgate-Palmolive Co		27,295		1,811
Conagra Brands Inc		14,965		439
Constellation Brands Inc, Cl A		5,413		776


1		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

SCHEDULE OF INVESTMENTS (Unaudited)

S&P 500 Index Fund (Continued)

March 31, 2020



Description	Shares		Market Value ($ Thousands)
Costco Wholesale Corp		14,218	$	4,054
Coty Inc, Cl A		10,291		53
Estee Lauder Cos Inc/The, Cl A		7,100		1,131
General Mills Inc		19,586		1,034
Hershey Co/The		4,612		611
Hormel Foods Corp		8,508		397
JM Smucker Co/The		3,753		417
Kellogg Co		7,667		460
Kimberly-Clark Corp		10,903		1,394
Kraft Heinz Co/The		19,808		490
Kroger Co/The		26,136		787
Lamb Weston Holdings Inc		4,600		263
McCormick & Co Inc/MD		3,966		560
Molson Coors Beverage Co, Cl B		6,351		248
Mondelez International Inc, Cl A		45,720		2,290
Monster Beverage Corp*		12,454		701
PepsiCo Inc		44,715		5,370
Philip Morris International Inc		49,887		3,640
Procter & Gamble Co/The		79,800		8,778
Sysco Corp, Cl A		15,920		726
Tyson Foods Inc, Cl A		9,703		562
Walgreens Boots Alliance Inc		24,257		1,110
Walmart Inc		45,461		5,165

				53,448


Energy — 2.6%
Apache Corp		12,500		52
Baker Hughes Co, Cl A		21,049		221
Cabot Oil & Gas Corp		12,913		222
Chevron Corp		60,623		4,393
Concho Resources Inc		6,300		270
ConocoPhillips		35,560		1,095
Devon Energy Corp		12,913		89
Diamondback Energy Inc, Cl A		5,400		141
EOG Resources Inc		18,746		673
Exxon Mobil Corp		135,646		5,150
Halliburton Co		27,542		189
Helmerich & Payne Inc		3,305		52
Hess Corp		7,975		266
HollyFrontier Corp		4,900		120
Kinder Morgan Inc/DE		63,282		881
Marathon Oil Corp		25,856		85
Marathon Petroleum Corp		21,360		505
National Oilwell Varco Inc, Cl A		12,968		127
Noble Energy Inc		15,900		96
Occidental Petroleum Corp		27,262		316
ONEOK Inc		12,709		277
Phillips 66		13,875		744
Pioneer Natural Resources Co		5,404		379
Schlumberger Ltd, Cl A		42,900		579
TechnipFMC PLC		14,200		96
Valero Energy Corp		13,021		591



Description	Shares		Market Value ($ Thousands)
Williams Cos Inc/The		37,569	$	532

				18,141


Financials — 10.7%
Aflac Inc		23,834		816
Allstate Corp/The		10,459		959
American Express Co		21,328		1,826
American International Group Inc		27,130		658
Ameriprise Financial Inc		3,884		398
Aon PLC/UK		7,529		1,243
Arthur J Gallagher & Co		6,100		497
Assurant Inc		2,005		209
Bank of America Corp		259,445		5,508
Bank of New York Mellon Corp/The		27,199		916
Berkshire Hathaway Inc, Cl B*		62,563		11,438
BlackRock Inc		3,761		1,655
Capital One Financial Corp		14,566		734
Cboe Global Markets Inc		3,500		312
Charles Schwab Corp/The		36,936		1,242
Chubb Ltd		14,434		1,612
Cincinnati Financial Corp		4,683		353
Citigroup Inc		70,151		2,955
Citizens Financial Group Inc		13,100		246
CME Group Inc		11,540		1,995
Comerica Inc		4,592		135
Discover Financial Services		10,430		372
E*TRADE Financial Corp		7,252		249
Everest Re Group Ltd		1,237		238
Fifth Third Bancorp		21,611		321
First Republic Bank/CA		5,200		428
Franklin Resources Inc		8,950		149
Globe Life Inc		3,139		226
Goldman Sachs Group Inc/The		10,165		1,571
Hartford Financial Services Group Inc/The		11,886		419
Huntington Bancshares Inc/OH		33,214		273
Intercontinental Exchange Inc		17,705		1,430
Invesco Ltd		11,000		100
JPMorgan Chase & Co		100,376		9,037
KeyCorp		30,083		312
Lincoln National Corp		6,698		176
Loews Corp		7,762		270
M&T Bank Corp		4,325		447
MarketAxess Holdings Inc		1,200		399
Marsh & McLennan Cos Inc		16,059		1,388
MetLife Inc		25,439		778
Moody’s Corp		5,208		1,102
Morgan Stanley		37,661		1,280
MSCI Inc, Cl A		2,700		780
Nasdaq Inc, Cl A		3,500		332
Northern Trust Corp		6,909		521
People’s United Financial Inc		12,900		143
PNC Financial Services Group Inc/The		13,984		1,339
Principal Financial Group Inc, Cl A		8,257		259


2		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

SCHEDULE OF INVESTMENTS (Unaudited)

S&P 500 Index Fund (Continued)

March 31, 2020



Description	Shares		Market Value ($ Thousands)
Progressive Corp/The		18,585	$	1,372
Prudential Financial Inc		13,066		681
Raymond James Financial Inc		3,900		247
Regions Financial Corp		30,863		277
S&P Global Inc		7,821		1,917
State Street Corp		11,291		601
SVB Financial Group, Cl B*		1,600		242
Synchrony Financial		17,263		278
T Rowe Price Group Inc		7,308		714
Travelers Cos Inc/The		8,356		830
Truist Financial Corp		42,696		1,317
Unum Group		7,261		109
US Bancorp		45,223		1,558
Wells Fargo & Co		123,515		3,545
Willis Towers Watson PLC		4,021		683
WR Berkley Corp		4,400		230
Zions Bancorp NA		5,360		143

				74,790


Health Care — 15.0%
Abbott Laboratories		56,719		4,476
AbbVie Inc		47,468		3,617
ABIOMED Inc*		1,400		203
Agilent Technologies Inc		9,915		710
Alexion Pharmaceuticals Inc*		7,200		647
Align Technology Inc*		2,359		410
Allergan PLC		10,453		1,851
AmerisourceBergen Corp, Cl A		4,996		442
Amgen Inc, Cl A		19,029		3,858
Anthem Inc		8,202		1,862
Baxter International Inc		16,235		1,318
Becton Dickinson and Co		8,571		1,969
Biogen Inc*		5,800		1,835
Boston Scientific Corp*		44,412		1,449
Bristol-Myers Squibb Co		75,197		4,192
Cardinal Health Inc		9,559		458
Centene Corp*		18,908		1,123
Cerner Corp		9,800		617
Cigna Corp		11,907		2,110
Cooper Cos Inc/The, Cl A		1,600		441
CVS Health Corp		41,776		2,479
Danaher Corp, Cl A		20,496		2,837
DaVita Inc*		2,805		213
DENTSPLY SIRONA Inc		7,109		276
Edwards Lifesciences Corp, Cl A*		6,700		1,264
Eli Lilly & Co		27,106		3,760
Gilead Sciences Inc		40,666		3,040
HCA Healthcare Inc		8,305		746
Henry Schein Inc*		4,400		222
Hologic Inc*		8,600		302
Humana Inc*		4,201		1,319
IDEXX Laboratories Inc*		2,700		654
Illumina Inc*		4,700		1,284



Description	Shares		Market Value ($ Thousands)
Incyte Corp*		5,700	$	417
Intuitive Surgical Inc*		3,660		1,813
IQVIA Holdings Inc*		5,900		636
Johnson & Johnson		84,254		11,048
Laboratory Corp of America Holdings*		3,163		400
McKesson Corp		5,229		707
Medtronic PLC		42,972		3,875
Merck & Co Inc		81,580		6,277
Mettler-Toledo International Inc*		762		526
Mylan NV*		15,815		236
PerkinElmer Inc		3,340		251
Perrigo Co PLC		4,404		212
Pfizer Inc		177,356		5,789
Quest Diagnostics Inc		4,124		331
Regeneron Pharmaceuticals Inc*		2,600		1,270
ResMed Inc		4,600		678
STERIS PLC		2,600		364
Stryker Corp		10,246		1,706
Teleflex Inc		1,500		439
Thermo Fisher Scientific Inc		12,918		3,664
UnitedHealth Group Inc		30,328		7,563
Universal Health Services Inc, Cl B		2,600		258
Varian Medical Systems Inc*		2,905		298
Vertex Pharmaceuticals Inc*		8,200		1,951
Waters Corp*		1,997		364
Zimmer Biomet Holdings Inc		6,622		669
Zoetis Inc, Cl A		15,146		1,783

				105,509


Industrials — 8.0%
3M Co		18,501		2,526
Alaska Air Group Inc		4,000		114
Allegion plc		2,970		273
American Airlines Group Inc		11,809		144
AMETEK Inc		7,500		540
AO Smith Corp		4,000		151
Arconic Inc		12,478		200
Boeing Co/The		17,141		2,556
Caterpillar Inc, Cl A		17,606		2,043
CH Robinson Worldwide Inc		4,305		285
Cintas Corp		2,612		452
Copart Inc*		6,300		432
CSX Corp		24,772		1,419
Cummins Inc		5,044		682
Deere & Co		10,006		1,382
Delta Air Lines Inc, Cl A		17,913		511
Dover Corp		4,637		389
Eaton Corp PLC		13,208		1,026
Emerson Electric Co		19,815		944
Equifax Inc		3,730		446
Expeditors International of Washington Inc		5,209		348
Fastenal Co, Cl A		18,818		588
FedEx Corp		7,805		946


3		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

SCHEDULE OF INVESTMENTS (Unaudited)

S&P 500 Index Fund (Continued)

March 31, 2020



Description	Shares		Market Value ($ Thousands)
Flowserve Corp		4,300	$	103
Fortive Corp		9,687		535
Fortune Brands Home & Security Inc		4,600		199
General Dynamics Corp		7,630		1,010
General Electric Co		277,309		2,202
Honeywell International Inc		22,951		3,071
Huntington Ingalls Industries Inc, Cl A		1,300		237
IDEX Corp		2,400		331
IHS Markit Ltd		13,000		780
Illinois Tool Works Inc		9,329		1,326
Ingersoll Rand Inc*		11,033		274
Jacobs Engineering Group Inc		4,304		341
JB Hunt Transport Services Inc		2,751		254
Johnson Controls International PLC		25,209		680
Kansas City Southern		3,200		407
L3Harris Technologies Inc		7,109		1,280
Lockheed Martin Corp		7,936		2,690
Masco Corp		9,068		313
Nielsen Holdings PLC		11,200		140
Norfolk Southern Corp		8,430		1,231
Northrop Grumman Corp		4,993		1,511
Old Dominion Freight Line Inc, Cl A		3,000		394
PACCAR Inc		11,267		689
Parker-Hannifin Corp, Cl A		3,971		515
Pentair PLC		5,266		157
Quanta Services Inc		4,800		152
Raytheon Co		8,873		1,164
Republic Services Inc		6,583		494
Robert Half International Inc		3,532		133
Rockwell Automation Inc		3,630		548
Rollins Inc		4,100		148
Roper Technologies Inc		3,300		1,029
Snap-on Inc		1,653		180
Southwest Airlines Co, Cl A		14,762		526
Stanley Black & Decker Inc		4,740		474
Textron Inc		6,907		184
Trane Technologies PLC		7,504		620
TransDigm Group Inc		1,600		512
Union Pacific Corp		22,274		3,141
United Airlines Holdings Inc*		7,000		221
United Parcel Service Inc, Cl B		22,224		2,076
United Rentals Inc*		2,400		247
United Technologies Corp		26,044		2,457
Verisk Analytics Inc, Cl A		5,300		739
Waste Management Inc		12,628		1,169
Westinghouse Air Brake Technologies Corp		5,790		279
WW Grainger Inc		1,365		339
Xylem Inc/NY		5,500		358

				56,257


Information Technology — 24.9%
Accenture PLC, Cl A		20,404		3,331
Adobe Inc*		15,541		4,946



Description	Shares		Market Value ($ Thousands)
Advanced Micro Devices Inc*		37,200	$	1,692
Akamai Technologies Inc*		5,004		458
Alliance Data Systems Corp		1,300		44
Amphenol Corp, Cl A		9,709		708
Analog Devices Inc		11,771		1,055
ANSYS Inc*		2,700		628
Apple Inc		133,582		33,969
Applied Materials Inc		29,450		1,349
Arista Networks Inc*		1,700		344
Autodesk Inc, Cl A*		7,017		1,095
Automatic Data Processing Inc		13,759		1,881
Broadcom Inc		12,746		3,022
Broadridge Financial Solutions Inc		3,644		346
Cadence Design Systems Inc*		9,100		601
CDW Corp/DE		4,700		438
Cisco Systems Inc		135,961		5,345
Citrix Systems Inc		3,642		516
Cognizant Technology Solutions Corp, Cl A		17,805		827
Corning Inc, Cl B		25,208		518
DXC Technology Co		8,130		106
F5 Networks Inc, Cl A*		1,800		192
Fidelity National Information Services Inc, Cl B		19,765		2,404
Fiserv Inc, Cl A*		18,120		1,721
FleetCor Technologies Inc*		2,700		504
FLIR Systems Inc		4,400		140
Fortinet Inc*		4,500		455
Gartner Inc*		2,700		269
Global Payments Inc		9,527		1,374
Hewlett Packard Enterprise Co		39,891		387
HP Inc		48,191		837
Intel Corp		139,297		7,539
International Business Machines Corp		28,433		3,154
Intuit Inc		8,286		1,906
IPG Photonics Corp*		1,100		121
Jack Henry & Associates Inc		2,400		373
Juniper Networks Inc		10,500		201
Keysight Technologies Inc*		5,800		485
KLA Corp		5,071		729
Lam Research Corp		4,722		1,133
Leidos Holdings Inc		4,100		376
Mastercard Inc, Cl A		28,417		6,864
Maxim Integrated Products Inc		8,300		403
Microchip Technology Inc		7,404		502
Micron Technology Inc*		35,269		1,483
Microsoft Corp		243,971		38,477
Motorola Solutions Inc		5,389		716
NetApp Inc		7,285		304
NortonLifeLock Inc		19,047		357
NVIDIA Corp		19,665		5,184
Oracle Corp, Cl B		69,523		3,360
Paychex Inc		10,369		652


4		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

SCHEDULE OF INVESTMENTS (Unaudited)

S&P 500 Index Fund (Continued)

March 31, 2020



Description	Shares		Market Value ($ Thousands)
Paycom Software Inc*		1,500	$	303
PayPal Holdings Inc*		37,649		3,605
Qorvo Inc*		3,700		298
QUALCOMM Inc		36,254		2,453
salesforce.com Inc*		28,409		4,090
Seagate Technology PLC		7,100		346
ServiceNow Inc*		6,061		1,737
Skyworks Solutions Inc		5,504		492
Synopsys Inc*		4,900		631
TE Connectivity Ltd		10,409		655
Texas Instruments Inc		30,066		3,005
VeriSign Inc*		3,400		612
Visa Inc, Cl A		54,799		8,829
Western Digital Corp		9,874		411
Western Union Co/The		13,434		244
Xerox Holdings Corp		5,876		111
Xilinx Inc		8,209		640
Zebra Technologies Corp, Cl A*		1,700		312

				174,595


Materials — 2.4%
Air Products & Chemicals Inc		7,026		1,403
Albemarle Corp		3,100		175
Amcor PLC		51,632		419
Avery Dennison Corp		2,515		256
Ball Corp		10,672		690
Celanese Corp, Cl A		3,900		286
CF Industries Holdings Inc		6,450		175
Corteva Inc		24,173		568
Dow Inc		24,206		708
DuPont de Nemours Inc		24,073		821
Eastman Chemical Co		4,420		206
Ecolab Inc		8,134		1,268
FMC Corp		4,300		351
Freeport-McMoRan Inc, Cl B		46,436		314
International Flavors & Fragrances Inc (A)		3,294		336
International Paper Co		12,074		376
Linde PLC		17,220		2,979
LyondellBasell Industries NV, Cl A		7,874		391
Martin Marietta Materials Inc, Cl A		1,919		363
Mosaic Co/The		11,909		129
Newmont Corp		26,525		1,201
Nucor Corp		9,195		331
Packaging Corp of America		3,100		269
PPG Industries Inc		7,390		618
Sealed Air Corp		4,528		112
Sherwin-Williams Co/The, Cl A		2,616		1,202
Vulcan Materials Co		4,349		470
Westrock Co		8,684		245

				16,662


Real Estate — 2.9%
Alexandria Real Estate Equities Inc‡		3,800		521



Description	Shares		Market Value ($ Thousands)
American Tower Corp, Cl A‡		14,200	$	3,092
Apartment Investment & Management Co, Cl A‡		4,640		163
AvalonBay Communities Inc‡		4,508		663
Boston Properties Inc‡		4,700		433
CBRE Group Inc, Cl A*‡		10,309		389
Crown Castle International Corp‡		13,204		1,907
Digital Realty Trust Inc, Cl A‡		8,369		1,163
Duke Realty Corp‡		12,200		395
Equinix Inc‡		2,716		1,696
Equity Residential‡		11,344		700
Essex Property Trust Inc‡		2,100		463
Extra Space Storage Inc‡		4,000		383
Federal Realty Investment Trust‡		2,300		172
Healthpeak Properties Inc‡		15,100		360
Host Hotels & Resorts Inc‡		21,674		239
Iron Mountain Inc‡		8,538		203
Kimco Realty Corp‡		14,013		136
Mid-America Apartment Communities Inc‡		3,500		361
Prologis Inc‡		23,498		1,889
Public Storage‡		4,866		966
Realty Income Corp‡		11,000		548
Regency Centers Corp‡		4,999		192
SBA Communications Corp, Cl A‡		3,600		972
Simon Property Group Inc‡		9,506		521
SL Green Realty Corp‡		2,600		112
UDR Inc‡		9,000		329
Ventas Inc‡		12,432		333
Vornado Realty Trust‡		4,977		180
Welltower Inc‡		12,600		577
Weyerhaeuser Co‡		22,861		387

				20,445


Utilities — 3.5%
AES Corp/VA		20,990		286
Alliant Energy Corp		8,000		386
Ameren Corp		7,653		557
American Electric Power Co Inc		15,715		1,257
American Water Works Co Inc		5,900		705
Atmos Energy Corp		3,700		367
CenterPoint Energy Inc		16,085		249
CMS Energy Corp		9,301		546
Consolidated Edison Inc		10,833		845
Dominion Energy Inc		26,187		1,891
DTE Energy Co		6,245		593
Duke Energy Corp		23,216		1,878
Edison International		11,157		611
Entergy Corp		6,226		585
Evergy Inc		6,999		385
Eversource Energy		10,135		793
Exelon Corp		31,455		1,158
FirstEnergy Corp		17,623		706
NextEra Energy Inc		15,720		3,783


5		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

SCHEDULE OF INVESTMENTS (Unaudited)

S&P 500 Index Fund (Continued)

March 31, 2020



Description	Shares		Market Value ($ Thousands)
NiSource Inc		11,844	$	296
NRG Energy Inc		7,913		216
Pinnacle West Capital Corp		3,449		261
PPL Corp		23,871		589
Public Service Enterprise Group Inc		16,530		742
Sempra Energy		9,145		1,033
Southern Co/The		33,335		1,805
WEC Energy Group Inc		10,219		901
Xcel Energy Inc		17,036		1,027

				24,451

Total Common Stock (Cost $303,802) ($ Thousands)				684,961



Description	Shares		Market Value ($ Thousands)
AFFILIATED PARTNERSHIP — 0.1%
SEI Liquidity Fund. L.P.
0.760% **†(B)		422,739	$	423

Total Affiliated Partnership (Cost $423) ($ Thousands)				423


CASH EQUIVALENT — 4.5%
SEI Daily Income Trust, Government Fund, Cl F
0.290%**†		31,875,847		31,876

Total Cash Equivalent (Cost $31,876) ($ Thousands)				31,876

Total Investments in Securities — 102.3% (Cost $336,101) ($ Thousands)			$	717,260

A list of the open futures contracts held by the Fund at March 31, 2020, is as follows:



Type of Contract	Number of Contracts Long/ (Short)		Expiration Date		Notional Amount (Thousands)		Value (Thousands)		Appreciation (Thousands)
S&P 500 Index E-MINI		205		Jun-2020	$	26,223	$	26,339	$	116

					$	26,223	$	26,339	$	116

Percentages are based on Net Assets of $701,230 ($ Thousands).

Non-income producing security.

The rate reported is the 7-day effective yield as of March 31, 2020.

‡

Real Estate Investment Trust.

†

Investment in Affiliated Security (see Note 6).

(A)

Certain securities or partial positions of certain securities are on loan at March 31, 2020 (See Note 10). The total market value of securities on loan at March 31, 2020 was $389 ($ 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 March 31, 2020 was $423 ($ Thousands).

Cl — Class

L.P. — Limited Partnership

PLC. — Public Limited Company

S&P— Standard & Poor’s

The following is a list of the level of inputs used as of March 31, 2020, 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		684,961		—		—		684,961
Affiliated Partnership		—		423		—		423
Cash Equivalent		31,876		—		—		31,876

Total Investments in Securities		716,837		423		—		717,260



Other Financial Instruments	Level 1 ($)		Level 2 ($)		Level 3 ($)		Total ($)
Futures Contracts*
Unrealized Appreciation		116		—		—		116

Total Other Financial Instruments		116		—		—		116

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

For the period ended March 31, 2020, there were no transfers in or out of Level 3.

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


6		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

SCHEDULE OF INVESTMENTS (Unaudited)

S&P 500 Index Fund (Concluded)

March 31, 2020

The following is a summary of the Fund’s transactions with affiliates for the period ended March 31, 2020 ($ Thousands):



Security Description	Value 9/30/2019			Purchases at Cost			Proceeds from Sales				Realized Gain/(Loss)			Change in Unrealized Appreciation/(Depreciation)			Value 3/31/2020			Shares		Income			Capital Gains
SEI Liquidity Fund, L.P.		$	—		$	4,899		$	(4,476	)		$	—		$	—		$	423		422,739		$	2		$	—
SEI Daily Income Trust, Government Fund, Cl F			8,999			151,644			(128,767	)			—			—			31,876		31,875,847			95			—

Totals		$	8,999		$	156,543		$	(133,243	)		$	—		$	—		$	32,299				$	97		$	—

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

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


7		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

SCHEDULE OF INVESTMENTS (Unaudited)

Small Cap Fund

March 31, 2020



Description	Shares		Market Value ($ Thousands)
COMMON STOCK — 87.7%

Communication Services — 2.5%
Boingo Wireless Inc*		11,660	$	124
Cable One Inc		1,136		1,867
Cars.com Inc*		16,900		73
Cogent Communications Holdings Inc		51,969		4,260
comScore Inc*		19,840		56
Consolidated Communications Holdings Inc*		14,520		66
Entercom Communications Corp		28,670		49
EverQuote Inc, Cl A*		18,592		488
Glu Mobile Inc*		75,513		475
Iridium Communications Inc*		15,914		355
Liberty TripAdvisor Holdings Inc, Cl A*		32,434		58
National CineMedia Inc		34,899		114
Nexstar Media Group Inc, Cl A		32,271		1,863
QuinStreet Inc*		14,490		117
TechTarget Inc*		1,420		29
TrueCar Inc*		25,950		63
Zynga Inc, Cl A*		77,247		529

				10,586


Consumer Discretionary — 9.3%
Aaron’s Inc		23,764		541
Acushnet Holdings Corp		22,513		579
Adient PLC*		30,705		279
American Axle & Manufacturing Holdings Inc*		14,110		51
American Eagle Outfitters Inc		136,489		1,085
American Outdoor Brands Corp*		19,290		160
American Public Education Inc*		6,403		153
America’s Car-Mart Inc/TX*		3,152		178
Aspen Group Inc/CO*		72,272		577
Beazer Homes USA Inc, Cl A*		9,510		61
BJ’s Restaurants Inc*		3,090		43
Bloomin’ Brands Inc*		227,503		1,624
Brinker International Inc		7,050		85
Buckle Inc/The *(A)		19,272		264
Caleres Inc		7,370		38
Callaway Golf Co		48,440		495
Carriage Services Inc		12,590		203
Carter’s Inc		10,791		709
Cato Corp/The, Cl A		17,483		187
Cavco Industries Inc*		3,487		505
Cheesecake Factory Inc/The		109,210		1,865
Chegg Inc*		15,747		563
Chico’s FAS Inc		21,130		27
Chuy’s Holdings Inc*		11,600		117
Core-Mark Holding Co Inc, Cl A		50,983		1,457
Crocs Inc*		18,232		310
Darden Restaurants Inc*		14,043		765
Dave & Buster’s Entertainment Inc (A)		138,733		1,815
Deckers Outdoor Corp*		7,525		1,008
Delta Apparel Inc*		1,788		19



Description	Shares		Market Value ($ Thousands)
Denny’s Corp, Cl A*		5,020	$	39
Designer Brands Inc, Cl A		13,440		67
Dick’s Sporting Goods Inc		57,446		1,221
Domino’s Pizza Inc		5,486		1,778
El Pollo Loco Holdings Inc*		20,870		176
Ethan Allen Interiors Inc		18,610		190
Everi Holdings Inc*		11,810		39
Fiesta Restaurant Group Inc*		9,050		36
Genesco Inc*		8,907		119
Gentex Corp		18,022		399
Golden Entertainment Inc*		6,504		43
Green Brick Partners Inc*		9,638		78
Group 1 Automotive Inc		7,804		345
Haverty Furniture Cos Inc		4,950		59
Helen of Troy Ltd*		4,325		623
Hibbett Sports Inc*		11,490		126
Houghton Mifflin Harcourt Co*		21,924		41
Hudson Ltd, Cl A*		9,940		50
Installed Building Products Inc*		10,336		412
Johnson Outdoors Inc, Cl A		560		35
KB Home		20,395		369
Lands’ End Inc*		14,380		77
LGI Homes Inc*		6,635		300
Michaels Cos Inc/The*		26,810		43
Modine Manufacturing Co*		605,122		1,967
Monro Inc		20,034		878
Murphy USA Inc*		27,562		2,325
Noodles & Co, Cl A*		16,150		76
Oxford Industries Inc, Cl A		10,222		371
Papa John’s International Inc, Cl A		6,582		351
Pool Corp		7,669		1,509
Potbelly Corp*		21,303		66
PulteGroup Inc		55,062		1,229
Regis Corp*		6,760		40
Rubicon Project Inc/The*		53,736		298
Ruth’s Hospitality Group Inc*		5,880		39
Signet Jewelers Ltd*		8,290		54
Skechers U.S.A. Inc, Cl A*		16,272		386
Sportsman’s Warehouse Holdings Inc*		14,540		90
Steven Madden Ltd		18,391		427
Strategic Education Inc		3,858		539
Tenneco Inc, Cl A*		9,300		34
Texas Roadhouse Inc, Cl A		19,051		787
Tilly’s Inc, Cl A*		28,622		118
Tractor Supply Co		16,369		1,384
TRI Pointe Group Inc*		42,037		369
Universal Electronics Inc*		940		36
Universal Technical Institute Inc*		87,321		520
Urban Outfitters Inc*		124,462		1,772
Vera Bradley Inc*		16,620		69
Vista Outdoor Inc*		90,378		795
Weyco Group Inc		1,635		33


1		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

SCHEDULE OF INVESTMENTS (Unaudited)

Small Cap Fund (Continued)

March 31, 2020



Description	Shares		Market Value ($ Thousands)
Winmark Corp		516	$	66
WW International Inc*		22,008		372
Zumiez Inc*		6,630		115

				39,543


Consumer Staples — 5.3%
Andersons Inc/The		39,897		748
BJ’s Wholesale Club Holdings Inc *(A)		47,597		1,212
Boston Beer Co Inc/The, Cl A*		1,680		618
Calavo Growers Inc		19,639		1,133
Cal-Maine Foods Inc*		24,269		1,067
Casey’s General Stores Inc		8,644		1,145
Central Garden & Pet Co, Cl A*		8,887		244
Chefs’ Warehouse Inc/The*		3,510		35
Church & Dwight Co Inc		19,446		1,248
Darling Ingredients Inc*		122,234		2,343
Freshpet Inc*		10,145		648
Hain Celestial Group Inc/The *(A)		45,399		1,179
Hostess Brands Inc, Cl A*		93,682		999
Ingles Markets Inc, Cl A		690		25
J&J Snack Foods Corp		9,095		1,101
John B Sanfilippo & Son Inc		620		56
Lifevantage Corp*		11,738		121
Medifast Inc (A)		31,318		1,957
Natural Grocers by Vitamin Cottage Inc		10,766		92
Nature’s Sunshine Products Inc*		500		4
Performance Food Group Co*		17,448		431
Pilgrim’s Pride Corp*		96,483		1,748
Sanderson Farms Inc		8,299		1,024
SpartanNash Co		4,130		59
Spectrum Brands Holdings Inc		13,145		478
TreeHouse Foods Inc*		43,928		1,939
United Natural Foods Inc*		8,260		76
Village Super Market Inc, Cl A		5,336		131
WD-40 Co		2,523		507

				22,368


Energy — 1.9%
Aspen Aerogels Inc*		77,851		478
Berry Corp		23,510		57
Bonanza Creek Energy Inc*		4,291		48
Cabot Oil & Gas Corp		118,005		2,029
Callon Petroleum Co*		275,459		151
Cimarex Energy Co		78,941		1,329
Clean Energy Fuels Corp*		40,050		71
Delek US Holdings Inc		33,598		529
DMC Global Inc (A)		17,838		410
Dorian LPG Ltd*		64,563		562
GasLog Ltd		16,270		59
Green Plains Inc*		9,870		48
Helix Energy Solutions Group Inc*		27,410		45
Liberty Oilfield Services Inc, Cl A		17,840		48
National Energy Services Reunited Corp*		9,318		47



Description	Shares		Market Value ($ Thousands)
NexTier Oilfield Solutions Inc*		52,790	$	62
Nordic American Tankers Ltd		6,970		32
Oceaneering International Inc, Cl A*		25,070		74
Oil States International Inc*		23,540		48
PDC Energy Inc, Cl A*		14,129		88
Peabody Energy Corp		21,670		63
Phillips 66 Partners LP (A)(B)		21,258		774
ProPetro Holding Corp*		15,760		39
Select Energy Services Inc, Cl A*		71,472		231
Solaris Oilfield Infrastructure Inc, Cl A		9,460		50
Talos Energy Inc*		14,300		82
Tidewater Inc*		8,510		60
W&T Offshore Inc*		43,780		74
World Fuel Services Corp		19,217		484

				8,072


Financials — 16.7%
Affiliated Managers Group Inc		15,990		946
Amalgamated Bank, Cl A		10,792		117
American Equity Investment Life Holding Co		210,842		3,964
AMERISAFE Inc		790		51
Anworth Mortgage Asset Corp‡		83,380		94
Ares Commercial Real Estate Corp‡		21,480		150
Ares Management Corp, Cl A		33,060		1,023
Artisan Partners Asset Management Inc, Cl A		21,298		458
Atlantic Capital Bancshares Inc*		5,164		61
B. Riley Financial Inc		4,510		83
Banc of California Inc		47,106		377
Banco Latinoamericano de Comercio Exterior SA, Cl E		6,130		63
Bancorp Inc/The*		18,542		113
BancorpSouth Bank		24,923		472
Bank of Marin Bancorp		3,228		97
Bank of NT Butterfield & Son Ltd/The		46,086		785
Bank OZK		48,615		812
BankUnited Inc		203,748		3,810
Benefytt Technologies Inc, Cl A *(A)		19,875		445
Blackstone Mortgage Trust Inc, Cl A‡		52,148		971
Bridgewater Bancshares Inc*		4,619		45
Bryn Mawr Bank Corp		690		20
Business First Bancshares Inc		900		12
Cannae Holdings Inc*		32,519		1,089
Capital Bancorp Inc*		4,484		56
Capstead Mortgage Corp‡		9,870		41
Carter Bank & Trust*		6,949		64
Central Pacific Financial Corp		7,802		124
Cherry Hill Mortgage Investment Corp‡		7,770		48
CNO Financial Group Inc		292,223		3,621
Coastal Financial Corp/WA*		3,808		40
Cohen & Steers Inc		37,678		1,712
Community Trust Bancorp Inc		770		24
Crawford & Co, Cl A		12,060		87
Curo Group Holdings Corp		10,340		55


2		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

SCHEDULE OF INVESTMENTS (Unaudited)

Small Cap Fund (Continued)

March 31, 2020



Description	Shares		Market Value ($ Thousands)
Customers Bancorp Inc*		6,980	$	76
Dime Community Bancshares Inc		3,140		43
Discover Financial Services		27,614		985
Donegal Group Inc, Cl A		5,475		83
Dynex Capital Inc‡		54,843		573
eHealth Inc*		5,141		724
Enova International Inc*		4,190		61
ESSA Bancorp Inc		2,345		32
Essent Group Ltd		16,730		441
Evercore Inc, Cl A		16,675		768
Exantas Capital Corp*‡		34,680		96
EZCORP Inc, Cl A*		33,697		141
FactSet Research Systems Inc		5,582		1,455
Farmers National Banc Corp		11,230		131
Federated Hermes Inc, Cl B		21,393		407
First Bancshares Inc/The		760		14
First Business Financial Services Inc		1,232		19
First Commonwealth Financial Corp		328,488		3,002
First Community Bankshares Inc		5,254		122
First Financial Corp/IN		2,665		90
First Horizon National Corp		78,842		635
First of Long Island Corp/The		4,844		84
Flushing Financial Corp		11,657		156
FNB Corp/PA		594,433		4,381
Globe Life Inc		10,600		763
Goosehead Insurance Inc, Cl A*		9,022		403
Great Western Bancorp Inc		121,518		2,489
Greenhill & Co Inc		7,740		76
Greenlight Capital Re Ltd, Cl A*		7,076		42
Hanmi Financial Corp		6,710		73
Hanover Insurance Group Inc/The, Cl A		4,532		410
HarborOne Bancorp Inc*		35,137		265
HBT Financial Inc		11,705		123
Hercules Capital Inc, Cl A (A)		117,834		900
Heritage Commerce Corp		8,631		66
Heritage Insurance Holdings Inc		11,500		123
Hilltop Holdings Inc		30,553		462
Home BancShares Inc/AR		72,837		873
HomeTrust Bancshares Inc		7,975		127
Horace Mann Educators Corp, Cl A		14,751		540
IBERIABANK Corp		25,289		914
Independent Bank Corp/MI		4,600		59
Investors Bancorp Inc		57,263		458
Kemper Corp, Cl A		13,989		1,040
Kinsale Capital Group Inc		5,571		582
Macatawa Bank Corp		15,944		114
MarketAxess Holdings Inc		4,165		1,385
Mercantile Bank Corp		3,619		77
Metropolitan Bank Holding Corp*		14,989		404
MGIC Investment Corp		98,097		623
MidWestOne Financial Group Inc		20,443		428
MVB Financial Corp		1,212		15



Description	Shares		Market Value ($ Thousands)
National General Holdings Corp		227,429	$	3,764
Nicolet Bankshares Inc*		580		32
NMI Holdings Inc, Cl A*		27,514		319
Norwood Financial Corp		408		11
Oak Valley Bancorp		151		2
OFG Bancorp		119,485		1,336
On Deck Capital Inc*		61,898		95
Oppenheimer Holdings Inc, Cl A		4,673		92
Opus Bank		27,735		481
Palomar Holdings Inc, Cl A*		7,464		434
PCSB Financial Corp		7,385		103
Peapack Gladstone Financial Corp		6,308		113
PennyMac Financial Services Inc		32,296		714
Peoples Bancorp Inc/OH		8,656		192
Pinnacle Financial Partners Inc		9,984		375
PJT Partners Inc		600		26
ProAssurance Corp		38,552		964
Prosperity Bancshares Inc		19,398		936
Provident Bancorp Inc*		4,387		38
Pzena Investment Management Inc, Cl A		6,394		29
Radian Group Inc		35,473		459
RBB Bancorp		10,885		149
Ready Capital Corp‡		13,977		101
Regional Management Corp*		3,003		41
Richmond Mutual Bancorporation Inc*		2,573		26
RLI Corp		7,343		646
Safeguard Scientifics Inc*		12,652		70
Selective Insurance Group Inc		10,302		512
Southern National Bancorp of Virginia Inc		700		7
Sterling Bancorp/DE		116,029		1,212
Stifel Financial Corp		10,884		449
Stock Yards Bancorp Inc		640		19
Tiptree Inc		500		3
TriCo Bancshares		1,010		30
TriState Capital Holdings Inc*		6,730		65
Umpqua Holdings Corp		354,211		3,861
Univest Financial Corp		57,330		936
Victory Capital Holdings Inc, Cl A		23,236		380
Walker & Dunlop Inc		11,324		456
Washington Federal Inc		20,312		527
Waterstone Financial Inc		20,850		303
Western Alliance Bancorp		12,523		383
Westwood Holdings Group Inc		4,400		81
WisdomTree Investments Inc		24,080		56

				71,111


Health Care — 13.0%
ACADIA Pharmaceuticals Inc*		14,298		604
Acceleron Pharma Inc*		7,002		629
Accuray Inc*		26,466		50
Addus HomeCare Corp*		4,917		332
Aduro Biotech Inc*		19,370		53
Adverum Biotechnologies Inc*		1,260		12


3		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

SCHEDULE OF INVESTMENTS (Unaudited)

Small Cap Fund (Continued)

March 31, 2020



Description	Shares		Market Value ($ Thousands)
Affimed NV*		72,131	$	114
Aimmune Therapeutics Inc* (A)		—		—
Albireo Pharma Inc*		3,440		56
AMAG Pharmaceuticals Inc*		2,430		15
Amedisys Inc*		7,206		1,323
AMN Healthcare Services Inc*		6,258		362
AnaptysBio Inc*		4,870		69
AngioDynamics*		12,875		134
Anika Therapeutics Inc*		8,807		255
Antares Pharma Inc*		33,820		80
Aprea Therapeutics Inc*		11,408		397
Assembly Biosciences Inc*		1,880		28
Atreca Inc, Cl A*		3,529		58
AtriCure Inc*		13,568		456
Atrion Corp		50		32
Avid Bioservices Inc*		15,180		78
Axsome Therapeutics Inc*		7,384		434
BioCryst Pharmaceuticals Inc*		9,860		20
BioDelivery Sciences International Inc*		86,610		328
BioSpecifics Technologies Corp*		4,230		239
Calithera Biosciences Inc*		22,390		99
Cantel Medical Corp		17,392		624
Cardiovascular Systems Inc*		3,200		113
Castle Biosciences Inc*		14,673		437
Catalyst Pharmaceuticals Inc*		75,359		290
Cerecor Inc*		7,723		19
Charles River Laboratories International Inc*		3,545		447
Chemed Corp		3,657		1,584
ChemoCentryx Inc*		10,808		434
Chiasma Inc*		15,848		58
Coherus Biosciences Inc*		28,533		463
Community Health Systems Inc*		17,490		58
Computer Programs & Systems Inc		21,590		480
CONMED Corp		6,321		362
Cross Country Healthcare Inc*		78,526		529
Cue Biopharma Inc*		5,380		76
Cutera Inc*		4,740		62
CytomX Therapeutics Inc*		9,760		75
Dicerna Pharmaceuticals Inc*		32,595		599
Durect Corp*		281,777		437
Eagle Pharmaceuticals Inc/DE*		870		40
Eidos Therapeutics Inc*		7,592		372
Eiger BioPharmaceuticals Inc*		11,802		80
Emergent BioSolutions Inc*		10,440		604
Encompass Health Corp		20,413		1,307
Ensign Group Inc/The		38,570		1,451
Envista Holdings Corp*		77,406		1,156
Epizyme Inc*		23,581		366
Evolent Health Inc, Cl A*		17,590		96
Fate Therapeutics Inc*		20,008		444
Flexion Therapeutics Inc*		5,820		46



Description	Shares		Market Value ($ Thousands)
Fulcrum Therapeutics Inc*		4,401	$	53
Fulgent Genetics Inc*		49,773		536
G1 Therapeutics Inc*		10,920		120
Global Blood Therapeutics Inc*		6,834		349
Globus Medical Inc, Cl A*		12,569		535
Haemonetics Corp*		5,927		591
Hanger Inc*		2,400		37
HealthStream Inc*		1,160		28
Icad Inc*		42,161		309
Inovalon Holdings Inc, Cl A*		32,035		534
Inspire Medical Systems Inc*		7,882		475
Insulet Corp*		2,881		477
Integer Holdings Corp*		7,266		457
Integra LifeSciences Holdings Corp*		41,167		1,839
Invacare Corp		16,000		119
Iovance Biotherapeutics Inc*		21,255		636
iRhythm Technologies Inc*		7,514		611
Joint Corp/The*		6,755		73
Jounce Therapeutics Inc*		21,015		100
Karuna Therapeutics Inc*		5,745		414
Karyopharm Therapeutics Inc*		49,584		953
Kiniksa Pharmaceuticals Ltd, Cl A*		1,330		21
Krystal Biotech Inc* (A)		7,907		342
Kura Oncology Inc*		15,730		157
Lantheus Holdings Inc*		16,424		210
LeMaitre Vascular Inc		3,150		78
LHC Group Inc*		5,192		728
Luminex Corp		16,000		440
Magellan Health Inc*		79,108		3,806
Marinus Pharmaceuticals Inc*		39,177		80
Masimo Corp*		2,857		506
Medpace Holdings Inc*		6,903		507
MeiraGTx Holdings plc*		8,623		116
Meridian Bioscience Inc*		26,590		223
Mersana Therapeutics Inc*		9,420		55
Millendo Therapeutics Inc*		10,720		57
Momenta Pharmaceuticals Inc*		17,834		485
Mustang Bio Inc*		21,706		58
MyoKardia Inc*		6,744		316
NanoString Technologies Inc*		11,961		288
NeoGenomics Inc*		22,549		623
Nevro Corp*		10,803		1,080
Novocure Ltd*		8,308		559
NuVasive Inc*		10,123		513
Omnicell Inc*		6,300		413
OraSure Technologies Inc*		3,330		36
Owens & Minor Inc		4,850		44
Personalis Inc*		12,371		100
Pfenex Inc*		79,281		699
Pieris Pharmaceuticals Inc*		25,229		58
Precision BioSciences Inc*		9,840		59
Prestige Consumer Healthcare Inc, Cl A*		35,550		1,304


4		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

SCHEDULE OF INVESTMENTS (Unaudited)

Small Cap Fund (Continued)

March 31, 2020



Description	Shares		Market Value ($ Thousands)
Prevail Therapeutics Inc*		5,620	$	69
Principia Biopharma Inc*		8,325		494
Protagonist Therapeutics Inc*		11,979		85
Prothena Corp PLC*		7,991		85
Puma Biotechnology Inc*		11,150		94
Quest Diagnostics Inc		12,695		1,019
Quidel Corp*		11,429		1,118
R1 RCM Inc*		1,698		15
Reata Pharmaceuticals Inc, Cl A*		2,290		331
Recro Pharma Inc*		13,081		107
Repligen Corp*		13,238		1,278
ResMed Inc		10,609		1,563
Rigel Pharmaceuticals Inc*		130,926		204
Scholar Rock Holding Corp*		8,613		104
Select Medical Holdings Corp*		34,869		523
Sientra Inc*		17,141		34
SIGA Technologies Inc*		20,591		98
Spectrum Pharmaceuticals Inc*		23,890		56
Spero Therapeutics Inc*		5,695		46
Stemline Therapeutics Inc*		20,450		99
STERIS PLC		10,657		1,492
Surgery Partners Inc*		8,570		56
Surmodics Inc*		3,200		107
Sutro Biopharma Inc*		2,210		23
Syndax Pharmaceuticals Inc*		12,640		139
Synlogic Inc*		16,537		28
Syros Pharmaceuticals Inc*		14,910		88
Tandem Diabetes Care Inc*		9,615		619
Teladoc Health Inc*		7,606		1,179
Tenet Healthcare Corp*		21,910		316
US Physical Therapy Inc		12,123		836
Vapotherm Inc*		4,300		81
Vericel Corp*		19,231		176
Verrica Pharmaceuticals Inc*		6,118		67
Voyager Therapeutics Inc*		16,523		152

				55,354


Industrials — 13.7%
AAON Inc		9,400		454
ACCO Brands Corp		3,640		18
Advanced Drainage Systems Inc		24,584		724
AECOM*		52,516		1,568
Alamo Group Inc		300		27
Altra Industrial Motion Corp		27,134		475
Ameresco Inc, Cl A*		24,060		410
American Superconductor Corp*		13,242		73
Arcosa Inc		12,728		506
Atlas Air Worldwide Holdings Inc*		64,530		1,656
Axon Enterprise Inc*		7,267		514
Badger Meter Inc		26,873		1,440
Blue Bird Corp*		7,851		86
BMC Stock Holdings Inc*		1,841		33
Brady Corp, Cl A		11,876		536



Description	Shares		Market Value ($ Thousands)
Builders FirstSource Inc*		32,926	$	403
BWX Technologies Inc, Cl W		51,652		2,516
CAI International Inc*		7,720		109
Casella Waste Systems Inc, Cl A*		10,852		424
CBIZ Inc*		25,559		535
CECO Environmental Corp*		6,899		32
CIRCOR International Inc*		21,958		255
Clean Harbors Inc*		19,372		995
Columbus McKinnon Corp/NY		740		18
Comfort Systems USA Inc		13,600		497
Covenant Transportation Group Inc, Cl A*		6,630		57
CRA International Inc		4,645		155
CSW Industrials Inc		730		47
Ducommun Inc*		5,846		145
DXP Enterprises Inc/TX*		10,100		124
EMCOR Group Inc		16,280		998
Energy Recovery Inc*		15,258		113
Enerpac Tool Group Corp, Cl A		29,606		490
Ennis Inc		14,188		266
EnPro Industries Inc		15,107		598
ESCO Technologies Inc		13,499		1,025
Evoqua Water Technologies Corp*		37,979		426
Exponent Inc		8,674		624
Franklin Covey Co*		7,426		115
FTI Consulting Inc*		9,841		1,179
Generac Holdings Inc*		21,625		2,015
Gibraltar Industries Inc*		21,661		930
Gorman-Rupp Co/The		1,560		49
Great Lakes Dredge & Dock Corp*		12,520		104
H&E Equipment Services Inc		1,580		23
Harsco Corp*		53,110		370
HEICO Corp		11,270		841
Heidrick & Struggles International Inc		14,470		326
Heritage-Crystal Clean Inc*		3,680		60
Hexcel Corp, Cl A		16,775		624
Hillenbrand Inc		16,538		316
Huntington Ingalls Industries Inc, Cl A		5,695		1,038
Huron Consulting Group Inc*		41,846		1,898
ITT Inc		25,132		1,140
JetBlue Airways Corp*		247,158		2,212
Kelly Services Inc, Cl A		27,232		346
Kimball International Inc, Cl B		14,801		176
Korn Ferry		26,722		650
Landstar System Inc		8,958		859
Masonite International Corp*		10,614		504
Mastech Digital Inc*		19,064		245
McGrath RentCorp		9,448		495
Mercury Systems Inc*		8,739		623
Miller Industries Inc/TN		4,814		136
MRC Global Inc*		27,218		116
MSC Industrial Direct Co Inc, Cl A		19,365		1,064
MYR Group Inc*		7,782		204


5		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

SCHEDULE OF INVESTMENTS (Unaudited)

Small Cap Fund (Continued)

March 31, 2020



Description	Shares		Market Value ($ Thousands)
Nordson Corp		10,238	$	1,383
Northwest Pipe Co*		11,900		265
Orion Energy Systems Inc*		153,410		568
Orion Group Holdings Inc*		135,493		352
Park Aerospace Corp		14,686		185
Parsons Corp*		10,268		328
Pitney Bowes Inc		31,840		65
Plug Power Inc *(A)		146,517		519
Powell Industries Inc		6,625		170
Quad/Graphics Inc		16,470		41
Quanex Building Products Corp		16,619		167
Regal Beloit		14,263		898
Resources Connection Inc		21,985		241
Rexnord Corp		22,472		509
Ryder System Inc		23,538		622
Scorpio Bulkers Inc		31,823		80
Simpson Manufacturing Co Inc		8,451		524
SiteOne Landscape Supply Inc*		3,994		294
Snap-on Inc		8,539		929
SP Plus Corp*		690		14
Spartan Motors Inc		54,495		704
SPX FLOW Inc*		12,977		369
Standex International Corp		14,930		732
Sterling Construction Co Inc*		7,710		73
Team Inc*		80,577		524
Tennant Co		9,060		525
Tetra Tech Inc		35,382		2,499
Textainer Group Holdings Ltd*		13,540		111
Toro Co/The		17,472		1,137
Tutor Perini Corp*		10,290		69
UniFirst Corp/MA		3,775		570
Universal Forest Products Inc		24,256		902
Universal Logistics Holdings Inc		6,007		79
Vectrus Inc*		3,654		151
Veritiv Corp*		6,921		54
Virgin Galactic Holdings Inc *(A)		25,414		376
Wabash National Corp		23,826		172
Watts Water Technologies Inc, Cl A		6,829		578
Werner Enterprises Inc		11,800		428
WESCO International Inc*		91,187		2,084
Willdan Group Inc*		3,550		76

				58,397


Information Technology — 14.1%
ACI Worldwide Inc*		20,575		497
ACM Research Inc, Cl A *(A)		11,577		343
Agilysys Inc*		29,860		499
American Software Inc/GA, Cl A		16,698		237
Amkor Technology Inc*		47,107		367
Avid Technology Inc*		20,142		136
Belden Inc		12,478		450
Bill.Com Holdings Inc *(A)		8,848		303
Blackline Inc*		10,597		557



Description	Shares		Market Value ($ Thousands)
Brightcove Inc*		15,043	$	105
Broadridge Financial Solutions Inc		12,188		1,156
Cabot Microelectronics Corp		15,802		1,804
CACI International Inc, Cl A*		10,955		2,313
Calix Inc*		73,630		521
Casa Systems Inc*		24,840		87
CEVA Inc, Cl A*		730		18
Cirrus Logic Inc*		15,930		1,046
Cloudflare Inc, Cl A*		26,782		629
Cognex Corp		26,325		1,111
Comtech Telecommunications Corp		7,720		103
Conduent Inc*		48,390		119
Diebold Nixdorf Inc*		20,050		71
Digi International Inc*		6,812		65
Digital Turbine Inc*		44,610		192
Diodes Inc*		12,475		507
DSP Group Inc*		13,166		176
Dynatrace Inc*		17,813		425
Echo Global Logistics Inc*		6,964		119
eGain Corp*		9,707		71
Endurance International Group Holdings Inc*		22,880		44
Enphase Energy Inc*		30,746		993
Entegris Inc		9,328		418
ePlus Inc*		8,569		537
Everbridge Inc*		6,886		732
ExlService Holdings Inc*		35,140		1,828
Five9 Inc*		17,076		1,306
FormFactor Inc*		45,533		915
GSI Technology Inc*		4,359		30
Hackett Group Inc/The		17,918		228
I3 Verticals Inc, Cl A*		840		16
Ichor Holdings Ltd*		21,491		412
II-VI Inc *(A)		57,789		1,647
Impinj Inc*		8,380		140
Infinera Corp*		62,011		329
Inphi Corp*		15,769		1,248
Intellicheck Inc*		79,084		268
International Money Express Inc*		7,785		71
Itron Inc*		15,020		839
Jack Henry & Associates Inc		8,474		1,315
KBR Inc		27,603		571
Lattice Semiconductor Corp*		37,991		677
Littelfuse Inc		7,040		939
Lumentum Holdings Inc*		7,463		550
MACOM Technology Solutions Holdings Inc*		80,302		1,520
ManTech International Corp/VA, Cl A		37,765		2,744
MAXIMUS Inc		14,638		852
Mitek Systems Inc*		18,850		149
MKS Instruments Inc		3,437		280
MobileIron Inc*		21,501		82
Model N Inc*		35,170		781


6		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

SCHEDULE OF INVESTMENTS (Unaudited)

Small Cap Fund (Continued)

March 31, 2020



Description	Shares		Market Value ($ Thousands)
Napco Security Technologies Inc*		8,190	$	124
NCR Corp*		150,616		2,666
NeoPhotonics Corp*		47,510		344
NIC Inc		15,172		349
nLight Inc*		5,310		56
Nuance Communications Inc*		32,392		544
Paylocity Holding Corp*		4,580		404
PC-Tel Inc		77,202		513
PDF Solutions Inc*		8,143		95
Pegasystems Inc		6,769		482
Photronics Inc*		47,801		490
Power Integrations Inc		26,731		2,361
QAD Inc, Cl A		970		39
Rambus Inc*		75,848		842
Ribbon Communications Inc*		20,170		61
Science Applications International Corp		7,999		597
Seachange International Inc*		180,298		671
Semtech Corp*		10,653		399
SMART Global Holdings Inc*		1,000		24
Smith Micro Software Inc*		111,386		469
Sprout Social Inc, Cl A *(A)		22,889		365
Super Micro Computer Inc*		219,982		4,681
Sykes Enterprises Inc*		20,048		544
Synaptics Inc*		8,348		483
SYNNEX Corp*		1,003		73
Telenav Inc*		24,257		105
TTEC Holdings Inc		15,223		559
Ultra Clean Holdings Inc*		17,811		246
Universal Display Corp		8,668		1,142
Varonis Systems Inc*		7,549		481
Veeco Instruments Inc*		6,084		58
Viavi Solutions Inc*		116,931		1,311
Virtusa Corp*		42,908		1,219
Zix Corp*		44,420		191
Zscaler Inc*		6,945		423

				59,899


Materials — 4.1%
American Vanguard Corp, Cl B		7,780		113
B2Gold Corp		360,732		1,104
Balchem Corp		4,552		449
Boise Cascade Co		19,335		460
Cabot Corp		9,712		254
Century Aluminum Co*		194,234		703
Clearwater Paper Corp*		3,040		66
Commercial Metals Co, Cl A		263,383		4,159
Contura Energy Inc*		18,337		43
Domtar Corp		32,630		706
Flotek Industries Inc*		21,345		19
Forterra Inc*		20,920		125
Gold Resource Corp		197,343		543
HB Fuller Co		18,521		517
Hecla Mining Co		234,796		427



Description	Shares		Market Value ($ Thousands)
Ingevity Corp*		9,731	$	343
Innospec Inc		7,794		542
Koppers Holdings Inc*		6,310		78
Livent Corp *(A)		97,025		509
Myers Industries Inc		13,851		149
Neenah Inc, Cl A		630		27
O-I Glass Inc, Cl I		55,542		395
Olin Corp (A)		46,321		541
PH Glatfelter Co		1,860		23
Quaker Chemical Corp (A)		8,176		1,033
Ryerson Holding Corp*		12,520		67
Schnitzer Steel Industries Inc, Cl A		9,150		119
Scotts Miracle-Gro Co/The, Cl A		4,498		461
Sensient Technologies Corp		14,185		617
Silgan Holdings Inc		26,427		767
SunCoke Energy Inc		25,800		99
Tredegar Corp		1,690		26
Valvoline Inc		60,453		791
Verso Corp*		22,289		251
WR Grace & Co		22,052		785

				17,311


Real Estate — 3.7%
Agree Realty Corp‡		9,702		601
Alexandria Real Estate Equities Inc‡		10,126		1,388
Americold Realty Trust‡		39,528		1,346
Armada Hoffler Properties Inc‡		38,738		414
CatchMark Timber Trust Inc, Cl A‡		7,780		56
Columbia Property Trust Inc‡		70,492		881
Consolidated-Tomoka Land Co‡		1,428		65
CorEnergy Infrastructure Trust Inc‡		3,360		62
CorePoint Lodging Inc‡		12,040		47
Corporate Office Properties Trust‡		47,028		1,041
EastGroup Properties Inc‡		5,766		602
First Industrial Realty Trust Inc‡		28,527		948
Getty Realty Corp‡		21,605		513
Gladstone Commercial Corp‡		4,170		60
Gladstone Land Corp‡		9,801		116
Global Medical REIT Inc‡		3,850		39

Hannon Armstrong Sustainable
Infrastructure Capital Inc‡		16,859		344
Kennedy-Wilson Holdings Inc‡		78,647		1,055
Lamar Advertising Co, Cl A‡		15,289		784
Lexington Realty Trust, Cl B‡		68,687		682
National Health Investors Inc‡		6,484		321
New Senior Investment Group Inc‡		115,206		295
Newmark Group Inc, Cl A‡		90,817		386
NexPoint Residential Trust Inc‡		10,456		264
QTS Realty Trust Inc, Cl A‡		12,468		723
RE/MAX Holdings Inc, Cl A‡		7,318		160
Retail Value Inc‡		8,138		100
Rexford Industrial Realty Inc‡		25,910		1,063
Sabra Health Care REIT Inc‡		32,431		354


7		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

SCHEDULE OF INVESTMENTS (Unaudited)

Small Cap Fund (Continued)

March 31, 2020



Description	Shares		Market Value ($ Thousands)
Tejon Ranch Co*‡		5,442	$	77
Terreno Realty Corp‡		20,666		1,069
UMH Properties Inc‡		5,850		63

				15,919


Utilities — 3.4%
Algonquin Power & Utilities Corp		123,160		1,650
American States Water Co		21,684		1,772
American Water Works Co Inc		13,106		1,567
Artesian Resources Corp, Cl A		1,259		47
Atlantic Power Corp*		65,072		139
Avista Corp		11,100		472
Black Hills Corp, Cl A		20,190		1,293
California Water Service Group, Cl A		10,714		539
Consolidated Water Co Ltd		8,477		139
Genie Energy Ltd, Cl B		19,533		140
Hawaiian Electric Industries Inc		14,146		609
IDACORP Inc, Cl A		12,753		1,120
PNM Resources Inc		12,504		475
Portland General Electric Co		50,417		2,417
Pure Cycle Corp*		9,027		101
Spire Inc		14,973		1,115
UGI Corp		34,179		912
Unitil Corp		640		33
York Water Co/The		610		27

				14,567

Total Common Stock (Cost $422,803) ($ Thousands)				373,127


AFFILIATED PARTNERSHIP — 3.7%
SEI Liquidity Fund, L.P.
0.760% **†(C)		15,579,988		15,581

Total Affiliated Partnership (Cost $15,579) ($ Thousands)				15,581


CASH EQUIVALENT — 17.4%
SEI Daily Income Trust, Government Fund, Cl F
0.290%**†		74,234,659		74,235

Total Cash Equivalent (Cost $74,235) ($ Thousands)				74,235

Total Investments in Securities — 108.8% (Cost $512,617) ($ Thousands)			$	462,943


8		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

SCHEDULE OF INVESTMENTS (Unaudited)

Small Cap Fund (Continued)

March 31, 2020

A list of the open futures contracts held by the Fund at March 31, 2020 is as follows:



Type of Contract	Number of Contracts Long		Expiration Date		Notional Amount (Thousands)		Value (Thousands)		Unrealized Depreciation (Thousands)
Russell 2000 Index E-MINI		661		Jun-2020	$	38,105	$	37,928	$	(177	)

Percentages are based on a Net Assets of $425,482 ($ Thousands).

Non-income producing security.

The rate reported is the 7-day effective yield as of March 31, 2020.

‡

Real Estate Investment Trust.

^†

Investment in Affiliated Security (see Note 6).

(A)

Certain securities or partial positions of certain securities are on loan at March 31, 2020 (see Note 10). The total market value of securities on loan at March 31, 2020, was $15,186 ($ Thousands).

(B)

Security is a Master Limited Partnership. At March 31, 2020, such securities amounted to $774 ($ Thousands), or 0.2% of 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 March 31, 2020 was $15,581 ($ Thousands).

ADR — American Depositary Receipt

Cl — Class

ETF — Exchange-Traded Fund

LLC — Limited Liability Company

L.P. — Limited Partnership

Ltd. — Limited

PLC — Public Limited Company

The following is a list of the level of inputs used as of March 31, 2020, 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		373,127		—		—		373,127
Affiliated Partnership		—		15,581		—		15,581
Cash Equivalent		74,235		–		—		74,235

Total Investments in Securities		447,362		15,581		—		462,943



Other Financial Instruments	Level 1 ($)			Level 2 ($)		Level 3 ($)		Total ($)
Futures Contracts*
Unrealized Depreciation		(177	)		—		—		(177	)

Total Other Financial Instruments		(177	)		—		—		(177	)

(1)

A reconciliation of Level 3 instruments 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 period March 31, 2020, there were no transfers in or out of Level 3.

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


9		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

SCHEDULE OF INVESTMENTS (Unaudited)

Small Cap Fund (Concluded)

March 31, 2020

The following is a summary of the Fund’s transactions with affiliates for the period ended March 31, 2020 ($ Thousands):



Security Description	Value 9/30/2019			Purchases at Cost			Proceeds from Sales				Realized Gain/(Loss)			Change in Unrealized Appreciation/(Depreciation)			Value 3/31/2020			Shares		Income			Capital Gains
SEI Liquidity Fund, L.P.		$	16,900		$	89,708		$	(91,029	)		$	—		$	2		$	15,581		15,579,988		$	115		$	—
SEI Daily Income Trust, Government Fund, Cl F			13,698			143,486			(82,949	)			—			—			74,235		74,234,659			77			—

Totals		$	30,598		$	233,194		$	(173,978	)		$	—		$	2		$	89,816				$	192		$	—

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

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


10		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

SCHEDULE OF INVESTMENTS (Unaudited)

Small Cap Value Fund

March 31, 2020



Description	Shares		Market Value ($ Thousands)
COMMON STOCK — 95.4%

Communication Services — 2.2%
AMC Networks Inc, Cl A *		16,756	$	407
Cars.com Inc *		36,618		157
Entercom Communications Corp		77,830		133
Glu Mobile Inc *		26,954		170
IAC/InterActiveCorp *		6,593		1,182
Liberty TripAdvisor Holdings Inc, Cl A *		19,142		34
Nexstar Media Group Inc, Cl A		32,552		1,879
TEGNA Inc		35,822		389
Travelzoo *		2,040		8
Yelp Inc, Cl A *		7,754		140

				4,499


Consumer Discretionary — 8.6%
Aaron’s Inc		11,181		255
American Axle & Manufacturing Holdings Inc *		67,843		245
American Eagle Outfitters Inc		76,056		605
American Public Education Inc *		4,294		103
Bassett Furniture Industries Inc		3,552		19
Big Lots Inc		14,532		207
Bloomin’ Brands Inc *		59,382		424
Bluegreen Vacations (A)		7,013		41
Buckle Inc/The *		3,069		42
Cheesecake Factory Inc/The		34,470		589
Cooper Tire & Rubber Co		9,451		154
Cooper-Standard Holdings Inc *		21,684		223
Dana Inc		74,666		583
Darden Restaurants Inc *		1,910		104
Dave & Buster’s Entertainment Inc (A)		60,757		795
Deckers Outdoor Corp *		2,522		338
Dick’s Sporting Goods Inc		43,294		920
Dillard’s Inc, Cl A (A)		1,622		60
Ethan Allen Interiors Inc		3,124		32
Extended Stay America Inc		54,502		398
GameStop Corp, Cl A *(A)		12,840		45
Genesco Inc *		14,446		193
G-III Apparel Group *		18,514		143
Goodyear Tire & Rubber Co/The		32,773		191
Group 1 Automotive Inc		10,744		476
Haverty Furniture Cos Inc		18,686		222
Hibbett Sports Inc *		7,811		85
K12 Inc *		9,391		177
KB Home		19,487		353
Laureate Education Inc, Cl A *		3,069		32
La-Z-Boy Inc, Cl Z		26,055		535
Lithia Motors Inc, Cl A		24,298		1,987
MDC Holdings Inc		16,915		392
Meritage Homes Corp *		21,264		776
Modine Manufacturing Co *		299,218		972
Office Depot Inc		345,407		566
Perdoceo Education Corp *		16,411		177
PulteGroup Inc		16,457		367



Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Rent-A-Center Inc/TX		5,128	$	73
Sally Beauty Holdings Inc *		50,635		409
Shutterstock Inc		3,383		109
Six Flags Entertainment Corp		31,600		396
Skechers U.S.A. Inc, Cl A *		10,674		253
Sleep Number Corp *		11,121		213
Sonic Automotive Inc, Cl A		27,915		371
Taylor Morrison Home Corp, Cl A *		7,204		79
Tenneco Inc, Cl A *		20,445		74
Urban Outfitters Inc *		66,029		940
Wendy’s Co/The		31,285		466
Williams-Sonoma Inc		15,960		679
Wyndham Destinations Inc		8,243		179

				18,067


Consumer Staples — 2.7%
Andersons Inc/The		17,161		322
Edgewell Personal Care Co *		10,309		248
Hostess Brands Inc, Cl A *		198,723		2,118
Ingles Markets Inc, Cl A		12,710		460
Medifast Inc (A)		9,823		614
Pilgrim’s Pride Corp *		28,712		520
SpartanNash Co		30,807		441
Universal Corp/VA		15,643		692
USANA Health Sciences Inc *		916		53
Village Super Market Inc, Cl A		7,242		178

				5,646


Energy — 1.7%
Arch Coal Inc		8,685		251
Cabot Oil & Gas Corp		11,625		200
Callon Petroleum Co *		66,561		37
Cimarex Energy Co		20,938		352
CNX Resources Corp *		44,960		239
CONSOL Energy Inc *		1,755		6
Delek US Holdings Inc		34,589		545
Parsley Energy Inc, Cl A		80,840		463
PBF Energy Inc, Cl A *		15,061		107
PDC Energy Inc, Cl A *		11,679		73
ProPetro Holding Corp *		5,057		13
Rattler Midstream LP (B)		73,303		255
SEACOR Holdings Inc, Cl A *		2,380		64
Southwestern Energy Co *		118,786		201
Viper Energy Partners LP (B)		33,802		224
World Fuel Services Corp		20,738		522

				3,552


Financials — 22.1%
Affiliated Managers Group Inc		15,885		940
AG Mortgage Investment Trust Inc ‡		6,976		19
Amalgamated Bank, Cl A		3,592		39
American Equity Investment Life Holding Co		82,399		1,549
Apollo Commercial Real Estate Finance Inc ‡		7,713		57
Arbor Realty Trust Inc ‡		55,142		270


1		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

SCHEDULE OF INVESTMENTS (Unaudited)

Small Cap Value Fund (Continued)

March 31, 2020



Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Artisan Partners Asset Management Inc, Cl A		8,785	$	189
Ashford Inc *		304		2
Associated Banc-Corp		64,509		825
Banco Latinoamericano de Comercio Exterior SA, Cl E		36,912		380
Bancorp Inc/The *		27,898		169
BankUnited Inc		115,472		2,159
Benefytt Technologies Inc, Cl A *		3,642		82
Berkshire Hills Bancorp Inc		28,092		417
BGC Partners Inc, Cl A		455,807		1,149
BlackRock Capital Investment Corp		13,071		29
C&F Financial Corp		1,654		66
Cadence BanCorp, Cl A		5,387		35
Camden National Corp		16,266		512
Capstar Financial Holdings Inc		3,782		37
Cathay General Bancorp		28,520		655
Central Pacific Financial Corp		17,361		276
CIT Group Inc		30,222		522
CNO Financial Group Inc		235,149		2,914
Cohen & Steers Inc		1,301		59
Columbia Banking System Inc		80,533		2,158
Community Trust Bancorp Inc		9,954		316
Cowen Inc, Cl A		20,785		201
Customers Bancorp Inc *		16,223		177
Elevate Credit Inc *		16,357		17
Enova International Inc *		12,313		178
EZCORP Inc, Cl A *		13,275		55
Federal Agricultural Mortgage Corp, Cl C		18,187		1,012
FGL Holdings		28,009		275
Financial Institutions Inc		2,345		43
First BanCorp/Puerto Rico		25,124		134
First Busey Corp		6,163		105
First Business Financial Services Inc		2,620		41
First Commonwealth Financial Corp		215,854		1,973
First Foundation Inc		9,236		94
First Internet Bancorp		3,784		62
First Merchants Corp		27,907		739
First Northwest Bancorp		3,125		34
Flagstar Bancorp Inc		29,785		591
Flushing Financial Corp		27,848		372
FNB Corp/PA		279,228		2,058
FS KKR Capital		82,229		247
Fulton Financial Corp		67,239		773
GAMCO Investors Inc, Cl A		6,438		71
Genworth Financial Inc, Cl A *		78,634		261
Great Southern Bancorp Inc		7,035		284
Great Western Bancorp Inc		52,279		1,071
Green Dot Corp, Cl A *		6,494		165
Hancock Whitney Corp, Cl A		33,956		663
Hanmi Financial Corp		13,523		147
Hercules Capital Inc, Cl A		11,561		88
Hilltop Holdings Inc		18,024		273



Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
HomeStreet Inc		10,387	$	231
Hope Bancorp Inc		75,051		617
IBERIABANK Corp		9,791		354
International Bancshares Corp		6,036		162
Invesco Mortgage Capital Inc *‡		21,464		73
Ladder Capital Corp, Cl A ‡		25,999		123
Legg Mason Inc		26,210		1,280
Marlin Business Services Corp		2,782		31
Merchants Bancorp/IN		4,006		61
MFA Financial Inc *‡		53,943		84
MGIC Investment Corp		80,616		512
Midland States Bancorp Inc		2,454		43
National General Holdings Corp		66,840		1,106
Navient Corp		56,244		426
Nelnet Inc, Cl A		15,835		719
New Mountain Finance Corp		13,940		95
OFG Bancorp		119,363		1,335
Old National Bancorp/IN, Cl A		42,411		559
Oppenheimer Holdings Inc, Cl A		2,401		47
Pacific Premier Bancorp Inc		18,595		350
PacWest Bancorp		94,334		1,690
PennantPark Investment Corp		36,841		95
PennyMac Mortgage Investment Trust ‡		30,388		323
Peoples Bancorp Inc/OH		8,257		183
Popular Inc		19,991		700
Radian Group Inc		56,151		727
Republic Bancorp Inc/KY, Cl A		28,345		936
Starwood Property Trust Inc ‡		161,220		1,653
Sterling Bancorp Inc/MI		9,150		39
TCF Financial Corp		33,901		768
Third Point Reinsurance Ltd *		5,822		43
TriState Capital Holdings Inc *		6,717		65
Two Harbors Investment Corp ‡		30,257		115
Umpqua Holdings Corp		147,328		1,606
Universal Insurance Holdings Inc		7,221		129
Waddell & Reed Financial Inc, Cl A		20,201		230
Walker & Dunlop Inc		15,816		637

				46,176


Health Care — 6.4%
Akcea Therapeutics *(A)		3,515		50
Allscripts Healthcare Solutions Inc *		7,867		55
Anika Therapeutics Inc *		2,804		81
Arena Pharmaceuticals Inc *(A)		12,200		512
Change Healthcare Inc *		120,594		1,205
Corcept Therapeutics Inc *		51,309		610
CorVel Corp *		922		50
Eagle Pharmaceuticals Inc/DE *		8,270		381
Enanta Pharmaceuticals Inc *		1,227		63
Haemonetics Corp *		1,964		196
Innoviva Inc *		81,838		962
Integra LifeSciences Holdings Corp *		6,407		286
Lannett Co Inc *		24,626		171


2		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

SCHEDULE OF INVESTMENTS (Unaudited)

Small Cap Value Fund (Continued)

March 31, 2020



Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Ligand Pharmaceuticals Inc *(A)		35,998	$	2,618
Luminex Corp		2,294		63
Magellan Health Inc *		34,715		1,670
Mallinckrodt PLC *(A)		23,064		45
MEDNAX Inc *		21,232		247
Medpace Holdings Inc *		2,317		170
NextGen Healthcare Inc *		3,229		34
NuVasive Inc *		955		48
Orthofix Medical Inc *		1,163		33
Owens & Minor Inc		23,310		213
Palatin Technologies *(A)		111,839		47
Patterson Cos Inc		32,731		501
PDL BioPharma Inc *		56,262		159
Quidel Corp *		2,779		272
Select Medical Holdings Corp *		24,071		361
Syneos Health Inc, Cl A *		54,679		2,156
Triple-S Management Corp, Cl B *		3,683		52
Vanda Pharmaceuticals Inc *		7,979		83

				13,394

Industrials — 13.1%
ACCO Brands Corp		105,477		533
AECOM *		13,705		409
Aerojet Rocketdyne Holdings Inc *		1,092		46
American Woodmark Corp *		5,320		242
Apogee Enterprises Inc		20,563		428
ArcBest Corp		18,000		315
Atkore International Group Inc *		30,998		653
Atlas Air Worldwide Holdings Inc *		36,972		949
BMC Stock Holdings Inc *		16,453		292
Briggs & Stratton Corp *(A)		27,732		50
Builders FirstSource Inc *		34,244		419
BWX Technologies Inc, Cl W		23,215		1,131
Colfax Corp *		118,822		2,353
Columbus McKinnon Corp/NY		2,104		53
Commercial Vehicle Group Inc *		8,890		13
Costamare Inc		14,218		64
Deluxe Corp		16,284		422
EMCOR Group Inc		2,175		133
Encore Wire Corp		1,260		53
Ennis Inc		2,711		51
EnPro Industries Inc		5,014		199
Great Lakes Dredge & Dock Corp *		5,340		44
Greenbrier Cos Inc/The		20,871		370
Hawaiian Holdings Inc		24,031		251
Heidrick & Struggles International Inc		2,286		51
Herman Miller Inc		22,142		492
Hub Group Inc, Cl A *		2,143		97
IAA Inc *		60,699		1,819
Interface Inc, Cl A		23,409		177
JetBlue Airways Corp *		149,718		1,340
Kaman Corp, Cl A		24,250		933
KAR Auction Services Inc		125,415		1,505



Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Kelly Services Inc, Cl A		17,043	$	216
Knoll Inc, Cl B		34,588		357
Meritor Inc *		58,363		773
Miller Industries Inc/TN		1,628		46
Moog Inc, Cl A		5,121		259
Mueller Industries Inc		1,873		45
Park-Ohio Holdings Corp		11,377		216
Powell Industries Inc		1,801		46
Preformed Line Products Co		701		35
Regal Beloit Corp		13,359		841
SkyWest Inc		25,821		676
Steelcase Inc, Cl A		50,148		495
Teledyne Technologies Inc *		6,045		1,797
Terex Corp		35,532		510
Timken Co/The		16,028		518
TriNet Group Inc *		943		36
Trinity Industries Inc		107,011		1,720
Triton International Ltd/Bermuda		25,680		664
TrueBlue Inc *		5,060		65
Universal Forest Products Inc		3,633		135
Vectrus Inc *		4,153		172
Wabash National Corp		71,198		514
WESCO International Inc *		59,048		1,349

				27,372

Information Technology — 14.4%
ACI Worldwide Inc *		177,026		4,275
Amkor Technology Inc *		77,022		600
Avaya Holdings Corp *		20,131		163
Benchmark Electronics Inc		35,881		717
Ciena Corp *		1,272		51
Cirrus Logic Inc *		10,372		681
CommVault Systems Inc *		9,050		366
Comtech Telecommunications Corp		12,540		167
CSG Systems International Inc		21,611		904
Diodes Inc *		20,420		830
Dolby Laboratories Inc, Cl A		6,506		353
II-VI Inc *		30,775		877
Insight Enterprises Inc *		27,055		1,140
Itron Inc *		14,865		830
J2 Global Inc *		39,813		2,980
Jabil Inc		34,209		841
Kulicke & Soffa Industries Inc		23,493		490
Methode Electronics Inc		24,957		660
MicroStrategy Inc, Cl A *		347		41
NCR Corp *		73,809		1,306
NetScout Systems Inc *		3,433		81
NIC Inc		5,534		127
Nuance Communications Inc *		56,299		945
PC Connection Inc		2,144		88
Progress Software Corp		5,928		190
Sanmina Corp *		46,952		1,281
ScanSource Inc *		15,847		339


3		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

SCHEDULE OF INVESTMENTS (Unaudited)

Small Cap Value Fund (Continued)

March 31, 2020



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Silicon Motion Technology Corp ADR		76,927	$	2,820
SMART Global Holdings Inc *		3,988		97
Super Micro Computer Inc *		71,663		1,525
Sykes Enterprises Inc *		35,325		958
SYNNEX Corp *		9,825		718
Tech Data Corp *		3,117		408
TTM Technologies Inc *		40,206		416
Unisys Corp *		6,684		83
Verint Systems Inc *		39,860		1,714
Vishay Intertechnology Inc		5,090		73
Xperi Corp		2,908		40

				30,175

Materials — 9.2%
Ashland Global Holdings Inc		27,836		1,394
Axalta Coating Systems Ltd *		56,750		980
B2Gold Corp		101,172		310
Boise Cascade Co		5,325		127
Cabot Corp		21,161		553
Century Aluminum Co *		56,547		205
Chemours Co/The		23,109		205
Cleveland-Cliffs Inc (A)		75,412		298
Commercial Metals Co, Cl A		131,419		2,075
Domtar Corp		20,748		449
FMC Corp		63,922		5,222
FutureFuel Corp		7,434		84
Gold Resource Corp		28,040		77
Greif Inc, Cl A		23,154		720
Huntsman Corp		30,861		445
Koppers Holdings Inc *		13,839		171
Kraton Corp *		25,468		206
Kronos Worldwide Inc		33,380		282
O-I Glass Inc, Cl I		65,755		467
Schnitzer Steel Industries Inc, Cl A		10,430		136
Schweitzer-Mauduit International Inc		7,634		212
Silgan Holdings Inc		140,870		4,088
Stepan Co		666		59
Tredegar Corp		3,232		50
Trinseo SA		14,082		255
Warrior Met Coal Inc		13,006		138

				19,208

Real Estate — 10.6%
Ashford Hospitality Trust Inc *‡		76,917		57
Brandywine Realty Trust ‡		56,204		591
CBL & Associates Properties Inc *‡(A)		148,040		29
Chatham Lodging Trust *‡		38,107		226
CoreCivic Inc ‡		27,923		312
CorEnergy Infrastructure Trust Inc ‡		3,551		65
DiamondRock Hospitality Co *‡		126,072		640
Diversified Healthcare Trust ‡		61,301		222
Franklin Street Properties Corp ‡		68,347		392
Gaming and Leisure Properties Inc ‡		113,432		3,143



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Hersha Hospitality Trust, Cl A *‡		18,065	$	65
Howard Hughes Corp/The *‡		36,546		1,846
Industrial Logistics Properties Trust ‡		30,836		541
Invitation Homes Inc ‡		61,325		1,310
Kite Realty Group Trust ‡		54,638		517
Lexington Realty Trust, Cl B ‡		100,976		1,003
Medical Properties Trust Inc ‡		261,242		4,517
Newmark Group Inc, Cl A ‡		173,836		739
Office Properties Income Trust ‡		20,084		547
Outfront Media Inc ‡		29,001		391
Park Hotels & Resorts Inc ‡		31,943		253
Pebblebrook Hotel Trust ‡		21,128		230
Piedmont Office Realty Trust Inc, Cl A ‡		35,931		635
PotlatchDeltic Corp ‡		7,516		236
Retail Properties of America Inc, Cl A ‡		97,273		503
Retail Value Inc ‡		12,569		154
RLJ Lodging Trust ‡		45,744		353
RMR Group Inc/The, Cl A ‡		9,377		253
Sabra Health Care Inc ‡		60,067		656
Service Properties Trust ‡		54,423		294
SITE Centers Corp ‡		62,877		328
Summit Hotel Properties Inc *‡		80,464		340
Sunstone Hotel Investors Inc ‡		36,631		319
Washington Prime Group Inc ‡(A)		66,500		54
Xenia Hotels & Resorts Inc *‡		49,227		507

				22,268

Utilities — 4.4%
Consolidated Water Co Ltd		114,668		1,880
Genie Energy Ltd, Cl B		119,814		860
National Fuel Gas Co		61,935		2,310
Portland General Electric Co		52,807		2,532
Spark Energy Inc, Cl A (A)		250,049		1,568

				9,150

Total Common Stock (Cost $268,428) ($ Thousands)				199,507

AFFILIATED PARTNERSHIP — 2.7%
SEI Liquidity Fund, L.P. 0.760% **†(C)		5,640,952		5,644

Total Affiliated Partnership (Cost $5,640) ($ Thousands)				5,644


4		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

SCHEDULE OF INVESTMENTS (Unaudited)

Small Cap Value Fund (Continued)

March 31, 2020



Description	Shares		Market Value ($ Thousands)

CASH EQUIVALENT — 4.3%
SEI Daily Income Trust, Government Fund, Cl F
0.290%**†		8,973,582	$	8,974

Total Cash Equivalent (Cost $8,974) ($ Thousands)				8,974


Total Investments in Securities — 102.4% (Cost $283,042) ($ Thousands)			$	214,125

A list of the open futures contracts held at March 31, 2020 is as follows:

Number of

Unrealized

Type of

Contracts

Expiration

Notional Amount

Value

Appreciation

Contract

Long

Date

(Thousands)

Russell 2000 Index E-MINI

Jun-2020

2,206

2,238

Percentages are based on Net Assets of $209,144 ($ Thousands).

*	Non-income producing security.

**	The rate reported is the 7-day effective yield as of March 31, 2020.

‡	Real Estate Investment Trust.

†	Investment in Affiliated Security (see Note 6).

(A)	Certain securities or partial positions of certain securities are on loan at March 31, 2020 (see Note 10). The total market value of securities on loan at March 31, 2020 was $5,518 ($ Thousands).

(B)	Security is a Master Limited Partnership. At March 31, 2020, such securities amounted to $479 ($ Thousands), or 0.2% of the 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 March 31, 2020 was $5,644 ($ Thousands).

ADR	— American Depositary Receipt

— Class

L.P.	— Limited Partnership

PLC	— Public Limited Company

The following is a list of the level of inputs used as of March 31, 2020, in valuing the Fund’s investments and other financial instruments carried at value ($ Thousands):

Level 1

Level 2

Level 3

Total

Investments in
Securities

($)

Common Stock

199,507

–

199,507

Affiliated Partnership

–

5,644

–

5,644

Cash Equivalent

8,974

–

8,974

Total Investments in Securities

208,481

5,644

–

214,125

Level 1

Level 2

Level 3

Total

Other Financial
Instruments

($)

Futures Contracts*

Unrealized Appreciation

–

Total Other Financial Instruments

–

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

For the period ended March 31, 2020, there were no transfers in or out of Level 3.

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 period ended March 31, 2020 ($ Thousands):


					Change in
					Unrealized
	Value		Proceeds from	Realized Gain/	Appreciation/	Value
Security Description	9/30/2019	Purchases at Cost	Sales	(Loss)	(Depreciation)	3/31/2020	Shares	Income	Capital Gains
SEI Liquidity Fund, L.P.	$8,496	$31,216	$(34,070)	$—	$2	$5,644	5,640,952	$45	$—
SEI Daily Income Trust, Government Fund, Cl F	16,059	19,874	(26,959)	—	—	8,974	8,973,582	90	—

Totals	$24,555	$51,090	$(61,029)	$—	$2	$14,618		$135	$—

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

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


5		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

SCHEDULE OF INVESTMENTS (Unaudited)

Small Cap Growth Fund

March 31, 2020



Description	Shares		Market Value ($ Thousands)
COMMON STOCK — 97.5%

Communication Services — 3.3%
Bandwidth Inc, Cl A*		7,826	$	527
Boingo Wireless Inc*		41,064		436
Cargurus Inc, Cl A*		8,118		154
Cinemark Holdings Inc		73,229		746
Cogent Communications Holdings Inc		9,137		749
Eventbrite Inc, Cl A*		43,831		320
EverQuote Inc, Cl A*		32,748		860
Gogo Inc* (A)		12,574		27
Iridium Communications Inc*		38,113		851
Liberty Latin America Ltd, Cl C*		4,026		41
Meet Group Inc/The*		16,694		98
National CineMedia Inc		84,210		274
TechTarget Inc*		24,158		498
Vonage Holdings Corp*		231,560		1,674
Zynga Inc, Cl A*		73,895		506

				7,761


Consumer Discretionary — 7.7%
Asbury Automotive Group Inc*		1,101		61
Bloomin’ Brands Inc*		29,390		210
Brinker International Inc		10,067		121
Buckle Inc/The* (A)		42,770		586
Carter’s Inc		15,338		1,008
Chegg Inc*		1,444		52
Chuy’s Holdings Inc*		28,763		290
Clarus Corp		50,969		499
Cooper-Standard Holdings Inc*		32,563		334
Crocs Inc*		14,421		245
Deckers Outdoor Corp*		9,040		1,211
Eldorado Resorts Inc* (A)		35,773		515
Everi Holdings Inc* (A)		98,396		325
Fox Factory Holding Corp*		22,251		935
Genesco Inc*		12,528		167
Gentex Corp		14,944		331
Grand Canyon Education Inc*		5,570		425
Group 1 Automotive Inc		6,860		304
Haverty Furniture Cos Inc		4,136		49
Helen of Troy Ltd*		3,700		533
Hibbett Sports Inc*		5,401		59
Installed Building Products Inc*		10,206		407
Jack in the Box Inc		19,691		690
JC Penney Co Inc* (A)		61,365		22
Johnson Outdoors Inc, Cl A		1,871		117
LGI Homes Inc*		5,100		230
Malibu Boats Inc, Cl A*		13,277		382
Meritage Homes Corp*		9,507		347
Papa John’s International Inc, Cl A		5,661		302
Perdoceo Education Corp*		40,153		433
Planet Fitness Inc, Cl A*		2,594		126
PlayAGS Inc*		137,605		365
Rent-A-Center Inc/TX		11,539		163



Description	Shares		Market Value ($ Thousands)
RH*		3,849	$	387
Rubicon Project Inc/The*		38,452		213
Sally Beauty Holdings Inc*		192,889		1,559
Shutterstock Inc		21,327		686
Skechers U.S.A. Inc, Cl A*		91,148		2,164
Skyline Champion Corp*		3,770		59
Sleep Number Corp*		2,141		41
Sonic Automotive Inc, Cl A		2,455		33
Taylor Morrison Home Corp, Cl A*		30,086		331
Twin River Worldwide Holdings Inc (A)		18,720		244
Universal Electronics Inc*		1,539		59
Wingstop Inc, Cl A		906		72
Wolverine World Wide Inc		11,069		168
Zumiez Inc*		22,615		392

				18,252


Consumer Staples — 1.8%
B&G Foods Inc, Cl A (A)		20,505		371
BJ’s Wholesale Club Holdings Inc* (A)		28,953		738
Boston Beer Co Inc/The, Cl A*		281		103
elf Beauty Inc*		9,498		94
Freshpet Inc*		11,182		714
Hostess Brands Inc, Cl A*		45,410		484
Medifast Inc (A)		1,685		105
National Beverage Corp, Cl A* (A)		10,684		456
Performance Food Group Co*		11,332		280
PriceSmart Inc		6,671		351
Simply Good Foods Co/The*		3,031		58
WD-40 Co		2,445		491

				4,245


Energy — 0.8%
DHT Holdings Inc		71,729		550
Dorian LPG Ltd*		52,908		461
Dril-Quip Inc*		1,809		55
Evolution Petroleum Corp		64,838		169
Helix Energy Solutions Group Inc*		37,192		61
NCS Multistage Holdings Inc* (A)		104,586		67
Renewable Energy Group Inc*		14,897		306
RigNet Inc, Cl A*		79,654		143
W&T Offshore Inc*		46,959		80

				1,892


Financials — 7.4%
American Equity Investment Life Holding Co		15,180		285
Ameris Bancorp		19,898		473
Ares Management Corp, Cl A		13,342		413
Artisan Partners Asset Management Inc, Cl A		7,577		163
Benefytt Technologies Inc, Cl A* (A)		2,945		66
Bridgewater Bancshares Inc*		6,171		60
Business First Bancshares Inc		4,038		54
Cannae Holdings Inc*		18,217		610
Capstar Financial Holdings Inc		4,146		41
Capstead Mortgage Corp‡		69,285		291


1		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

SCHEDULE OF INVESTMENTS (Unaudited)

Small Cap Growth Fund (Continued)

March 31, 2020



Description	Shares		Market Value ($ Thousands)
CBTX Inc		4,016	$	71
Central Pacific Financial Corp		4,569		73
Century Bancorp Inc/MA, Cl A		750		47
Coastal Financial Corp/WA*		4,281		45
Cohen & Steers Inc		4,217		192
Columbia Banking System Inc		13,930		373
Curo Group Holdings Corp		5,049		27
Customers Bancorp Inc*		3,221		35
Dynex Capital Inc‡		30,437		318
eHealth Inc*		8,089		1,139
Elevate Credit Inc*		16,365		17
Encore Capital Group Inc*		17,333		405
Enova International Inc*		29,786		432
Essent Group Ltd		2,808		74
Federated Hermes Inc, Cl B		8,007		153
FGL Holdings		7,316		72
First BanCorp/Puerto Rico		16,152		86
First Business Financial Services Inc		6,845		106
First Defiance Financial Corp		15,468		228
First Northwest Bancorp		3,953		43
Flagstar Bancorp Inc		15,631		310
Focus Financial Partners Inc, Cl A*		19,893		458
Goosehead Insurance Inc, Cl A*		9,454		422
Hallmark Financial Services Inc*		2,782		11
Heartland Financial USA Inc		9,680		292
Hilltop Holdings Inc		15,692		237
Home BancShares Inc/AR		48,363		580
HomeStreet Inc		6,375		142
Independent Bank Corp/MI		3,787		49
Investors Bancorp Inc		41,913		335
Kinsale Capital Group Inc		5,221		546
Mercantile Bank Corp		2,697		57
Meta Financial Group Inc		17,710		385
Metropolitan Bank Holding Corp*		1,564		42
MGIC Investment Corp		57,167		363
Mr Cooper Group Inc*		52,433		384
MVB Financial Corp		3,755		48
Opus Bank		4,345		75
Pacific Premier Bancorp Inc		17,658		333
Palomar Holdings Inc, Cl A*		7,471		434
Parke Bancorp Inc		2,901		39
PennantPark Investment Corp		102,844		266
PennyMac Financial Services Inc		33,410		739
Piper Sandler Cos		5,558		281
PRA Group Inc*		10,393		288
Preferred Bank/Los Angeles CA		2,624		89
Primerica Inc		584		52
Prosperity Bancshares Inc		2,920		141
Radian Group Inc		34,245		443
ServisFirst Bancshares Inc		12,928		379
South State Corp		6,570		386
Southern National Bancorp of Virginia Inc		6,043		59



Description	Shares		Market Value ($ Thousands)
Tiptree Inc		9,476	$	49
TriState Capital Holdings Inc*		5,946		57
Value Creation* (B) (C) (F)		145,600		54
Victory Capital Holdings Inc, Cl A		22,408		367
Virtus Investment Partners Inc		514		39
Waddell & Reed Financial Inc, Cl A		7,306		83
Walker & Dunlop Inc		9,847		397
Westamerica Bancorporation		8,593		505
Wintrust Financial Corp		17,718		582
WisdomTree Investments Inc		147,916		344

				17,534


Health Care — 28.8%
ACADIA Pharmaceuticals Inc*		3,909		165
Accelerate Diagnostics Inc* (A)		29,916		249
Acceleron Pharma Inc*		6,738		606
Adaptive Biotechnologies Corp*		13,430		373
Addus HomeCare Corp*		9,991		675
Albireo Pharma Inc*		25,642		420
Alector Inc*		3,994		96
Amedisys Inc*		7,864		1,443
AMN Healthcare Services Inc*		19,595		1,133
Anika Therapeutics Inc*		5,058		146
Antares Pharma Inc*		24,558		58
Aprea Therapeutics Inc*		10,794		375
Argenx SE ADR*		4,696		619
Arrowhead Pharmaceuticals Inc*		3,513		101
Arvinas Inc*		19,745		796
Athenex Inc*		47,505		368
AtriCure Inc*		12,819		431
Avid Bioservices Inc*		9,816		50
Axogen Inc*		47,792		497
Axsome Therapeutics Inc*		7,822		460
BioDelivery Sciences International Inc*		14,127		54
BioSpecifics Technologies Corp*		5,048		286
BioTelemetry Inc*		41,767		1,608
Cardiovascular Systems Inc*		56,496		1,989
CareDx Inc*		36,547		798
Castle Biosciences Inc*		35,556		1,060
Catalyst Pharmaceuticals Inc*		13,730		53
Charles River Laboratories International Inc*		3,674		464
Chemed Corp		1,527		662
ChemoCentryx Inc*		12,130		487
Coherus Biosciences Inc*		35,001		568
Collegium Pharmaceutical Inc*		23,282		380
CONMED Corp		5,110		293
Corcept Therapeutics Inc*		9,268		110
CryoLife Inc*		31,657		536
CryoPort Inc*		15,981		273
DBV Technologies SA ADR*		86,725		340
Deciphera Pharmaceuticals Inc*		13,994		576
Dicerna Pharmaceuticals Inc*		30,328		557


2		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

SCHEDULE OF INVESTMENTS (Unaudited)

Small Cap Growth Fund (Continued)

March 31, 2020



Description	Shares		Market Value ($ Thousands)
Eidos Therapeutics Inc*		7,406	$	363
Emergent BioSolutions*		12,089		700
Endologix Inc * (A)		72,747		50
Ensign Group Inc/The		11,721		441
Epizyme Inc*		26,343		409
Fate Therapeutics Inc*		21,669		481
Frequency Therapeutics Inc * (A)		2,535		45
G1 Therapeutics Inc*		31,325		345
Global Blood Therapeutics Inc*		6,840		349
Halozyme Therapeutics Inc*		37,559		676
Health Catalyst Inc*		11,337		296
HealthEquity Inc*		17,420		881
Heron Therapeutics Inc*		46,893		551
Icad Inc*		37,968		279
Immunomedics Inc * (A)		48,715		657
Innoviva Inc*		39,696		467
Inovalon Holdings Inc, Cl A*		27,379		456
Inspire Medical Systems Inc*		6,412		387
Insulet Corp*		2,473		410
Integer Holdings Corp*		7,392		465
Iovance Biotherapeutics Inc*		20,020		599
iRhythm Technologies Inc*		7,248		590
Ironwood Pharmaceuticals Inc, Cl A*		40,476		408
Karuna Therapeutics Inc*		5,394		388
Karyopharm Therapeutics Inc*		31,593		607
Kiniksa Pharmaceuticals Ltd, Cl A*		33,276		515
Kodiak Sciences Inc*		10,985		524
Krystal Biotech Inc * (A)		7,703		333
Lantheus Holdings Inc*		30,463		389
Lexicon Pharmaceuticals Inc * (A)		24,169		47
LHC Group Inc*		17,221		2,414
Ligand Pharmaceuticals Inc * (A)		12,778		929
Liquidia Technologies Inc*		51,871		244
MannKind Corp * (A)		59,977		62
Masimo Corp*		2,540		450
MEDNAX Inc*		55,002		640
Medpace Holdings Inc*		13,213		970
MeiraGTx Holdings plc*		11,170		150
Merit Medical Systems Inc*		41,398		1,294
Molecular Templates Inc*		28,906		384
Momenta Pharmaceuticals Inc*		17,484		476
MyoKardia Inc*		4,657		218
NanoString Technologies Inc*		16,164		389
NeoGenomics Inc*		100,878		2,785
Nevro Corp*		9,636		963
NextCure Inc*		12,600		467
Novocure Ltd*		835		56
NuVasive Inc*		8,253		418
Omnicell Inc*		29,421		1,929
Orchard Therapeutics plc ADR*		47,761		360
Pacific Biosciences of California Inc * (A)		110,587		338
Pacira BioSciences Inc*		13,567		455



Description	Shares		Market Value ($ Thousands)
Pfenex Inc*		28,019	$	247
Phibro Animal Health Corp, Cl A		16,237		392
Pieris Pharmaceuticals Inc*		18,819		43
Precision BioSciences Inc*		29,329		177
Prestige Consumer Healthcare Inc, Cl A*		11,063		406
Principia Biopharma Inc*		9,350		555
Puma Biotechnology Inc*		10,621		90
Quidel Corp*		13,266		1,298
R1 RCM Inc*		199,609		1,814
Reata Pharmaceuticals Inc, Cl A*		1,622		234
Repligen Corp*		14,122		1,363
Revance Therapeutics Inc*		31,028		459
Rigel Pharmaceuticals Inc*		37,463		58
Sangamo Therapeutics Inc*		67,410		429
SeaSpine Holdings Corp*		75,914		620
Select Medical Holdings Corp*		24,261		364
Silk Road Medical Inc*		4,951		156
Simulations Plus Inc		1,828		64
SpringWorks Therapeutics Inc*		16,184		437
Syneos Health Inc, Cl A*		28,843		1,137
Tactile Systems Technology Inc*		11,339		455
Tandem Diabetes Care Inc*		9,172		590
TCR2 Therapeutics Inc*		38,924		301
Teladoc Health Inc*		8,027		1,244
Theravance Biopharma Inc*		19,284		445
Triple-S Management Corp, Cl B*		8,347		118
Vanda Pharmaceuticals Inc*		15,788		164
Veracyte Inc * (A)		90,253		2,194
Vericel Corp * (A)		64,376		590
Viela Bio Inc*		10,498		399
Viking Therapeutics Inc * (A)		109,183		511
Vocera Communications Inc*		35,010		744
Voyager Therapeutics Inc*		7,595		70
Xeris Pharmaceuticals Inc*		41,121		81

				67,903


Industrials — 20.1%
ABM Industries Inc		46,269		1,127
Advanced Drainage Systems Inc		7,541		222
Aerojet Rocketdyne Holdings Inc*		2,568		107
Air Transport Services Group Inc*		23,684		433
Ameresco Inc, Cl A*		20,081		342
Arcosa Inc		34,160		1,358
ASGN Inc*		18,067		638
Atkore International Group Inc*		25,554		538
Atlas Air Worldwide Holdings Inc*		19,107		491
Axon Enterprise Inc*		7,419		525
BMC Stock Holdings Inc*		74,186		1,315
Brady Corp, Cl A		8,409		380
BrightView Holdings Inc*		59,993		664
Brink’s Co/The		20,013		1,042
Builders FirstSource Inc*		27,573		337
Casella Waste Systems Inc, Cl A*		9,828		384


3		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

SCHEDULE OF INVESTMENTS (Unaudited)

Small Cap Growth Fund (Continued)

March 31, 2020



Description	Shares		Market Value ($ Thousands)
CBIZ Inc*		12,802	$	268
Cimpress PLC*		11,134		592
Clean Harbors Inc*		28,470		1,462
Comfort Systems USA Inc		11,014		403
Construction Partners Inc, Cl A*		12,255		207
Costamare Inc		23,094		104
CSW Industrials Inc		972		63
Dycom Industries Inc*		9,689		249
EMCOR Group Inc		3,587		220
ESCO Technologies Inc		4,958		376
Exponent Inc		7,404		532
Federal Signal Corp		3,386		92
Forrester Research Inc*		28,465		832
Fortress Transportation & Infrastructure Investors LLC (D)		108,814		892
Forward Air Corp		13,687		693
Foundation Building Materials Inc*		3,793		39
FTI Consulting Inc*		13,754		1,647
GATX Corp		7,563		473
Generac Holdings Inc*		11,036		1,028
Gibraltar Industries Inc*		8,659		372
GMS Inc*		29,624		466
Graham Corp, Cl A		25,399		328
Great Lakes Dredge & Dock Corp*		18,424		153
Griffon Corp		27,676		350
Heartland Express Inc		42,780		794
Heritage-Crystal Clean Inc*		95,629		1,553
Herman Miller Inc		7,212		160
Hudson Technologies Inc * (A)		206,315		142
Huron Consulting Group Inc*		14,208		645
ICF International Inc, Cl A		24,756		1,701
InnerWorkings Inc*		399,166		467
John Bean Technologies Corp, Cl A		16,676		1,239
Kaman Corp, Cl A		9,055		348
Kennametal Inc		27,339		509
Kforce Inc		3,328		85
Kimball International Inc, Cl B		3,900		47
Kirby Corp*		25,278		1,099
Kratos Defense & Security Solutions Inc*		6,869		95
Lawson Products Inc/DE*		1,248		33
MasTec Inc*		44,558		1,458
Matson Inc		29,431		901
McGrath RentCorp		9,972		522
Mercury Systems Inc*		7,529		537
Moog Inc, Cl A		5,090		257
Parsons Corp*		9,886		316
Plug Power Inc * (A)		122,768		435
Ritchie Bros Auctioneers Inc		41,147		1,406
Saia Inc*		12,255		901
SiteOne Landscape Supply Inc*		4,997		368
SP Plus Corp*		29,003		602
Spartan Motors Inc		33,880		437



Description	Shares		Market Value ($ Thousands)
SPX Corp*		16,588	$	542
Steelcase Inc, Cl A		13,240		131
Tennant Co		29,391		1,703
Tetra Tech Inc		12,313		870
TriNet Group Inc*		49,121		1,850
TrueBlue Inc*		72,253		922
Universal Forest Products Inc		7,912		294
Virgin Galactic Holdings Inc * (A)		24,398		361
Watts Water Technologies Inc, Cl A		7,047		597
Werner Enterprises Inc		8,556		310
WillScot Corp, Cl A*		107,427		1,088

				47,469


Information Technology — 20.7%
2U Inc*		56,064		1,190
Acacia Communications Inc*		2,123		143
ACM Research Inc, Cl A*		9,502		281
Actua Corp *(B)(C)		105,055		5
Adesto Technologies Corp*		5,307		59
Agilysys Inc*		6,248		104
Alarm.com Holdings Inc*		8,409		327
American Software Inc/GA, Cl A		32,588		463
Amkor Technology Inc*		48,720		380
Appfolio Inc, Cl A*		1,086		121
Asure Software Inc * (A)		73,594		439
Benefitfocus Inc*		91,944		819
Bill.Com Holdings Inc * (A)		7,386		253
Blackline Inc*		18,473		972
Box Inc, Cl A*		94,988		1,334
CACI International Inc, Cl A*		5,381		1,136
Cardtronics PLC*		19,150		401
Cerence Inc*		25,963		400
ChannelAdvisor Corp*		44,548		323
Ciena Corp*		10,185		405
Cirrus Logic Inc*		17,451		1,145
Cloudera Inc*		54,686		430
Cloudflare Inc, Cl A*		23,350		548
Cornerstone OnDemand Inc*		33,114		1,051
CSG Systems International Inc		2,843		119
CTS Corp		19,128		476
Diebold Nixdorf Inc*		9,593		34
Digital Turbine Inc*		15,951		69
Diodes Inc*		5,672		230
Domo Inc, Cl B*		41,456		412
Dynatrace Inc*		13,687		326
Echo Global Logistics Inc*		45,875		784
Enphase Energy Inc*		27,827		899
Entegris Inc		7,111		318
Everbridge Inc*		6,627		705
EVERTEC Inc		11,141		253
Fabrinet*		8,358		456
FireEye Inc*		90,059		953
Five9 Inc*		23,375		1,787


4		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

SCHEDULE OF INVESTMENTS (Unaudited)

Small Cap Growth Fund (Continued)

March 31, 2020



Description	Shares		Market Value ($ Thousands)
FormFactor Inc*		23,604	$	474
Ichor Holdings Ltd*		6,211		119
II-VI Inc*		30,283		863
Infinera Corp*		59,430		315
Inphi Corp*		8,425		667
Insight Enterprises Inc*		9,021		380
Itron Inc*		15,413		861
Lattice Semiconductor Corp*		8,960		160
Limelight Networks Inc*		386,320		2,202
LogMeIn Inc*		23,133		1,927
Lumentum Holdings Inc*		11,215		827
ManTech International Corp/VA, Cl A		6,429		467
MAXIMUS Inc		15,625		909
Mimecast Ltd*		12,961		458
MKS Instruments Inc		3,056		249
MobileIron Inc*		13,528		51
Model N Inc*		47,321		1,051
Napco Security Technologies Inc*		2,689		41
NetScout Systems Inc*		22,555		534
Nuance Communications Inc*		29,706		498
OneSpan Inc*		3,754		68
Onto Innovation Inc*		1,917		57
OSI Systems Inc*		5,722		394
Paylocity Holding Corp*		4,423		391
Pegasystems Inc		6,736		480
Perficient Inc*		51,407		1,393
Ping Identity Holding Corp* (A)		10,640		213
Pluralsight Inc, Cl A*		80,007		878
Power Integrations Inc		5,607		495
Proofpoint Inc*		8,289		850
QAD Inc, Cl A		14,665		586
Qualys Inc*		6,075		528
Rambus Inc*		30,353		337
Rosetta Stone Inc*		8,757		123
SolarEdge Technologies Inc*		4,485		367
Sprout Social Inc, Cl A* (A)		21,062		336
SPS Commerce Inc*		6,011		280
SVMK Inc*		32,026		433
Switch Inc, Cl A		107,953		1,558
Sykes Enterprises Inc*		15,487		420
Synaptics Inc*		7,725		447
Tech Data Corp*		3,930		514
TTEC Holdings Inc		10,493		385
Tufin Software Technologies Ltd*		36,117		317
Ultra Clean Holdings Inc*		36,306		501
Unisys Corp*		6,419		79
Upland Software Inc*		13,531		363
Varonis Systems Inc*		6,703		427
Viavi Solutions Inc*		105,087		1,178
Vishay Precision Group Inc*		377		8
Workiva Inc, Cl A*		3,378		109
Zscaler Inc*		7,840		477



Description	Shares		Market Value ($ Thousands)
Zuora Inc, Cl A*		26,582	$	214

				48,809


Materials — 1.5%
Boise Cascade Co		19,192		456
Clearwater Paper Corp*		7,631		166
Commercial Metals Co, Cl A		52,017		821
Forterra Inc*		46,891		280
Innospec Inc		1,003		70
Koppers Holdings Inc*		7,729		96
PolyOne Corp		13,899		264
Ranpak Holdings Corp, Cl A*		170,251		1,066
Scotts Miracle-Gro Co/The, Cl A		3,446		353

				3,572


Real Estate — 3.9%
Acadia Realty Trust‡		14,780		183
CorEnergy Infrastructure Trust Inc‡		1,453		27
Cushman & Wakefield PLC*‡		22,406		263
Easterly Government Properties Inc‡		4,231		104
EastGroup Properties Inc‡		4,626		483
Essential Properties Realty Trust Inc‡		22,699		296
First Industrial Realty Trust Inc‡		9,809		326
Four Corners Property Trust Inc‡		24,211		453
Franklin Street Properties Corp‡		18,980		109
Global Medical REIT Inc‡		47,008		476
Global Net Lease Inc‡		7,924		106
Hannon Armstrong Sustainable Infrastructure Capital Inc‡		41,034		838
Innovative Industrial Properties Inc, Cl A‡ (A)		5,891		447
Jernigan Capital Inc‡		31,508		345
Lexington Realty Trust, Cl B‡		29,440		292
Medical Properties Trust Inc‡		72,396		1,252
National Storage Affiliates Trust‡		15,688		464
New Senior Investment Group Inc‡		14,998		38
Newmark Group Inc, Cl A‡		14,750		63
Pennsylvania Real Estate Investment Trust‡ (A)		—		—
QTS Realty Trust Inc, Cl A‡		11,941		693
Redfin Corp*‡		19,582		302
Rexford Industrial Realty Inc‡		22,816		936
Safehold Inc‡		1,669		106
STAG Industrial Inc‡		2,190		49
Terreno Realty Corp‡		8,439		437

				9,088


Utilities — 1.5%
American States Water Co		5,708		467
Atlantic Power Corp*		50,252		107
Avista Corp		11,226		477
Black Hills Corp, Cl A		6,362		407
Chesapeake Utilities Corp		5,815		498
Clearway Energy Inc, Cl C		32,318		608
PNM Resources Inc		9,810		373


5		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

SCHEDULE OF INVESTMENTS (Unaudited)

Small Cap Growth Fund (Continued)

March 31, 2020



Description	Shares		Market Value ($ Thousands)
Spire Inc		6,968	$	519

				3,456

Total Common Stock (Cost $270,290) ($ Thousands)				229,981


	Number of Warrants
WARRANT — 0.0%
Ranpak Holdings Corp, Expires 06/06/2024 Strike Price $12*		52,636		50

Total Warrant (Cost $68) ($ Thousands)				50


	Shares
AFFILIATED PARTNERSHIP — 4.9%
SEI Liquidity Fund, L.P.
0.760%**^† (E)		11,530,211		11,532

Total Affiliated Partnership (Cost $11,529) ($ Thousands)				11,532


CASH EQUIVALENT — 2.3%
SEI Daily Income Trust, Government Fund, Cl F
0.290%**^†		5,536,012		5,536

Total Cash Equivalent (Cost $5,536) ($ Thousands)				5,536

Total Investments in Securities — 104.7% (Cost $287,423) ($ Thousands)			$	247,099

Percentages are based on a Net Assets of $235,961 ($ Thousands).

Non-income producing security.

The rate reported is the 7-day effective yield as of March 31, 2020.

‡

Real Estate Investment Trust.

†

Investment in Affiliated Security (see Note 6).

(A)

Certain securities or partial positions of certain securities are on loan at March 31, 2020 (see Note 10). The total market value of securities on loan at March 31, 2020, was $11,200 ($ Thousands).

(B)

Level 3 security in accordance with fair value hierarchy.

(C)

Securities considered illiquid. The total value of such securities as of March 31, 2020 was $59 ($ Thousands) and represented 0.0% of Net Assets.

(D)

Security is a Master Limited Partnership. At March 31, 2020, such securities amounted to $892 ($ Thousands), or 0.4% of Net Assets (See Note 2).

(E)

This security was purchased with cash collateral held from securities on loan (see Note 10). The total market value of such securities as of March 31, 2020 was $11,532 ($ Thousands).

(F)

Securities considered restricted. The total market value of such securities as of March 31, 2020 was $54 ($ Thousands) and represented 0.0% of Net Assets.

ADR — American Depositary Receipt

CBT — Chicago Board of Trade

Cl — Class

LLC — Limited Liability Company

L.P. — Limited Partnership

Ltd. — Limited

PIK — Payment-in-Kind

PLC — Public Limited Company

REIT — Real Estate investment Trust

The following is a list of the level of inputs used as of March 31, 2020, 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		229,922		—		59		229,981
Warrant		—		50		—		50
Affiliated Partnership		—		11,532		—		11,532
Cash Equivalent		5,536		—		—		5,536

Total Investments in Securities		235,458		11,582		59		247,099

(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 period ended March 31, 2020, there were no transfers in or out of Level 3.

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


6		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

SCHEDULE OF INVESTMENTS (Unaudited)

Small Cap Growth Fund (Concluded)

March 31, 2020

The following is a summary of the Fund’s transactions with affiliates for the period ended March 31, 2020 ($ Thousands):



Security Description	Value 9/30/2019			Purchases at Cost			Proceeds from Sales				Realized Gain/(Loss)			Change in Unrealized Appreciation/(Depreciation)			Value 3/31/2020			Shares		Income			Capital Gains
SEI Liquidity Fund, L.P.		$	23,698		$	49,733		$	(61,902	)		$	—		$	3		$	11,532		11,530,211		$	127		$	—
SEI Daily Income Trust, Government Fund, Cl F			11,046			31,443			(36,953	)			—			—			5,536		5,536,012			49			—

Totals		$	34,744		$	81,176		$	(98,855	)		$	—		$	3		$	17,068				$	176		$	—

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

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


7		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

SCHEDULE OF INVESTMENTS (Unaudited)

Tax-Managed Small/Mid Cap Fund

March 31, 2020



Description	Shares		Market Value ($ Thousands)
COMMON STOCK — 99.2%

Communication Services — 2.4%
Boingo Wireless Inc*		45,000	$	478
Cable One Inc		1,150		1,891
Cogent Communications Holdings Inc		21,431		1,757
Electronic Arts Inc*		6,830		684
Glu Mobile Inc*		58,200		366
IAC/InterActiveCorp*		21,288		3,815
Interpublic Group of Cos Inc/The		24,754		401
Nexstar Media Group Inc, Cl A		45,662		2,636
Shenandoah Telecommunications Co		16,414		808
Take-Two Interactive Software Inc, Cl A*		5,083		603
TechTarget Inc*		534		11
World Wrestling Entertainment Inc, Cl A (A)		45,211		1,533

				14,983


Consumer Discretionary — 10.4%
1-800-Flowers.com Inc, Cl A*		42,193		558
Acushnet Holdings Corp		19,602		504
Adient PLC*		75,260		683
Advance Auto Parts Inc		10,274		959
American Eagle Outfitters Inc		134,861		1,072
America’s Car-Mart Inc/TX*		9,635		543
Asbury Automotive Group Inc*		16,784		927
Aspen Group Inc/CO*		143,000		1,143
AutoNation Inc*		16,274		457
Bloomin’ Brands Inc*		103,357		738
Bright Horizons Family Solutions Inc*		16,432		1,676
Brinker International Inc		130,101		1,563
Carriage Services Inc		32,304		522
Cato Corp/The, Cl A		30,929		330
Cavco Industries Inc*		4,627		671
Cheesecake Factory Inc/The		57,163		976
Chegg Inc*		10,625		380
Chuy’s Holdings Inc*		15,575		157
Core-Mark Holding Co Inc, Cl A		14,464		413
Crocs Inc*		30,500		518
Dave & Buster’s Entertainment Inc		29,212		382
Deckers Outdoor Corp*		3,400		456
Del Taco Restaurants Inc*		409,191		1,403
Denny’s Corp, Cl A*		136,190		1,046
Dick’s Sporting Goods Inc		64,878		1,379
Dillard’s Inc, Cl A (A)		2,522		93
Domino’s Pizza Inc		2,231		723
Etsy Inc*		24,471		941
Five Below Inc*		7,055		496
Grand Canyon Education Inc*		15,308		1,168
Haverty Furniture Cos Inc		7,701		92
Helen of Troy Ltd*		11,912		1,716
Installed Building Products Inc*		13,569		541
KB Home		50,937		922
LCI Industries		24,809		1,658
Lithia Motors Inc, Cl A		56,842		4,649
LKQ Corp*		36,240		743



Description	Shares		Market Value ($ Thousands)
M/I Homes Inc*		29,876	$	494
Modine Manufacturing Co*		726,496		2,361
Murphy USA Inc*		5,255		443
NVR Inc*		25		64
Ollie’s Bargain Outlet Holdings Inc* (A)		12,000		556
Pool Corp		23,829		4,689
PulteGroup Inc		30,506		681
Rent-A-Center Inc/TX		11,441		162
Six Flags Entertainment Corp		186,411		2,338
Skechers U.S.A. Inc, Cl A*		61,219		1,453
Strategic Education Inc		14,806		2,069
Sturm Ruger & Co Inc		9,193		468
Taylor Morrison Home Corp, Cl A*		208,745		2,296
Texas Roadhouse Inc, Cl A		40,882		1,688
TRI Pointe Group Inc*		167,371		1,468
Ulta Beauty Inc*		3,283		577
Universal Technical Institute Inc*		111,223		662
Urban Outfitters Inc*		186,518		2,656
Vail Resorts Inc		10,571		1,561
Wendy’s Co/The		180,995		2,693
Whirlpool Corp		4,700		403
WW International Inc*		41,327		699

				63,679


Consumer Staples — 4.2%
Andersons Inc/The		148,249		2,780
Boston Beer Co Inc/The, Cl A*		3,760		1,382
Bunge Ltd		10,000		410
Casey’s General Stores Inc		4,350		576
Central Garden & Pet Co, Cl A*		15,496		396
Coca-Cola Consolidated Inc		2,500		521
Darling Ingredients Inc*		40,500		776
Flowers Foods Inc		43,486		892
Fresh Del Monte Produce Inc		25,399		701
Freshpet Inc*		17,791		1,136
Hostess Brands Inc, Cl A*		468,657		4,996
Ingles Markets Inc, Cl A		6,621		240
Ingredion Inc		9,898		747
J&J Snack Foods Corp		7,030		851
John B Sanfilippo & Son Inc		5,357		479
Kroger Co/The		15,939		480
Lamb Weston Holdings Inc		24,564		1,403
Lancaster Colony Corp		5,600		810
Landec Corp*		14,939		130
Medifast Inc (A)		14,563		910
Pilgrim’s Pride Corp*		75,983		1,377
Post Holdings Inc*		7,519		624
Seaboard Corp		27		76
Seneca Foods Corp, Cl A*		315		13
Tootsie Roll Industries Inc		26,773		963
US Foods Holding Corp*		46,761		828
USANA Health Sciences Inc*		4,731		273
Village Super Market Inc, Cl A		500		12


1		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

SCHEDULE OF INVESTMENTS (Unaudited)

Tax-Managed Small/Mid Cap Fund (Continued)

March 31, 2020



Description	Shares		Market Value ($ Thousands)
WD-40 Co		4,000	$	804
Weis Markets Inc		13,063		544

				26,130


Energy — 1.2%
Aspen Aerogels Inc*		160,071		983
Cabot Oil & Gas Corp		120,127		2,065
Cimarex Energy Co		27,000		454
Delek US Holdings Inc		97,971		1,544
Marathon Petroleum Corp		23,446		554
Pioneer Natural Resources Co		2,474		174
World Fuel Services Corp		53,139		1,338

				7,112


Financials — 16.1%
Affiliated Managers Group Inc		13,546		801
Alleghany Corp*		1		1
Allstate Corp/The		7,797		715
Amalgamated Bank, Cl A		26,256		284
American Equity Investment Life Holding Co		306,743		5,767
American Financial Group Inc/OH		13,674		958
American National Insurance Co		8,115		669
Ameriprise Financial Inc		4,701		482
AMERISAFE Inc		11,659		752
Arch Capital Group Ltd*		10,008		285
Ares Commercial Real Estate Corp‡		103,382		723
Argo Group International Holdings Ltd		6,242		231
Arrow Financial Corp		404		11
Artisan Partners Asset Management Inc, Cl A		53,084		1,141
Axis Capital Holdings Ltd		13,323		515
Axos Financial Inc*		668		12
BancorpSouth Bank		87,950		1,664
Bank of Marin Bancorp		10,864		326
Bank OZK		124,147		2,073
BankUnited Inc		148,590		2,779
BGC Partners Inc, Cl A		478,475		1,206
Brookline Bancorp Inc, Cl A		148,142		1,671
Canadian Imperial Bank of Commerce		3,321		192
Cannae Holdings Inc*		30,200		1,011
Capital City Bank Group Inc		585		12
Central Pacific Financial Corp		15,480		246
CNB Financial Corp/PA		583		11
CNO Financial Group Inc		450,304		5,579
Cohen & Steers Inc		15,200		691
Columbia Banking System Inc		160,625		4,305
Community Trust Bancorp Inc		20,468		651
Diamond Hill Investment Group Inc*		1		—
Dynex Capital Inc‡		55,778		582
E*TRADE Financial Corp		11,727		403
Eagle Bancorp Inc		29,167		881
Employers Holdings Inc		17,888		725
Essent Group Ltd		68,114		1,794
Everest Re Group Ltd		6,060		1,166



Description	Shares		Market Value ($ Thousands)
FB Financial Corp		25,815	$	509
Federal Agricultural Mortgage Corp, Cl C		4,303		239
First American Financial Corp		23,494		996
First Citizens BancShares Inc/NC, Cl A		1,150		383
First Commonwealth Financial Corp		227,178		2,076
First Defiance Financial Corp		7,004		103
First Financial Corp/IN		18,452		622
First Merchants Corp		3,941		104
FNB Corp/PA		240,356		1,771
Great Southern Bancorp Inc		15,094		610
Great Western Bancorp Inc		179,747		3,681
Hanover Insurance Group Inc/The, Cl A		25,705		2,328
Hilltop Holdings Inc		61,765		934
Home Bancorp Inc		494		12
Horace Mann Educators Corp, Cl A		21,962		804
Independent Bank Corp/MI		6,829		88
Invesco Mortgage Capital Inc* ‡		123,769		422
Investors Bancorp Inc		108,694		868
KKR Real Estate Finance Trust Inc‡		56,183		843
MarketAxess Holdings Inc		2,619		871
Merchants Bancorp/IN		17,112		260
Meridian Bancorp Inc		44,705		502
Metropolitan Bank Holding Corp*		14,913		402
Midland States Bancorp Inc		79,266		1,386
MidWestOne Financial Group Inc		66,093		1,384
Morningstar Inc, Cl A		1,600		186
National General Holdings Corp		287,239		4,754
NMI Holdings Inc, Cl A*		37,080		431
Northwest Bancshares Inc		120,347		1,392
OFG Bancorp		153,321		1,714
PacWest Bancorp		248,634		4,456
Park National Corp		23,396		1,816
PCSB Financial Corp		5,055		71
PennyMac Financial Services Inc		24,949		552
Peoples Bancorp Inc/OH		313		7
People’s United Financial Inc		14,149		156
PJT Partners Inc		364		16
Popular Inc		47,861		1,675
QCR Holdings Inc		10,961		297
Regional Management Corp*		4,892		67
Reinsurance Group of America Inc, Cl A		13,096		1,102
RenaissanceRe Holdings Ltd		8,320		1,242
RLI Corp		9,000		791
Safety Insurance Group Inc		8,465		715
Sandy Spring Bancorp Inc		23,023		521
Selective Insurance Group Inc		19,688		979
South State Corp		14,111		829
Spirit of Texas Bancshares Inc*		957		10
Starwood Property Trust Inc‡		240,140		2,461
Stewart Information Services Corp		17,692		472
Stifel Financial Corp		16,750		691
SVB Financial Group, Cl B*		6,773		1,023


2		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

SCHEDULE OF INVESTMENTS (Unaudited)

Tax-Managed Small/Mid Cap Fund (Continued)

March 31, 2020



Description	Shares		Market Value ($ Thousands)
Towne Bank/Portsmouth VA		81,727	$	1,478
TPG RE Finance Trust Inc‡		122,656		673
TriCo Bancshares		11,381		339
UMH Properties‡		42,338		460
Umpqua Holdings Corp		167,973		1,831
United Fire Group Inc		356		12
Walker & Dunlop Inc		12,464		502
Washington Federal Inc		32,278		838
Washington Trust Bancorp Inc		1,019		37
Waterstone Financial Inc		37,641		547
Westwood Holdings Group Inc		14,455		266

				98,922


Health Care — 15.1%
ABIOMED Inc*		967		140
ACADIA Pharmaceuticals Inc*		44,500		1,880
Aerie Pharmaceuticals Inc* (A)		21,500		290
Aimmune Therapeutics Inc*		33,020		476
Akebia Therapeutics Inc*		64,943		492
Amedisys Inc*		4,306		790
AmerisourceBergen Corp, Cl A		4,713		417
AngioDynamics Inc*		1,155		12
AtriCure Inc*		14,000		470
Atrion Corp		436		283
BioDelivery Sciences International Inc*		198,929		754
BioMarin Pharmaceutical Inc*		16,888		1,427
Bio-Rad Laboratories Inc, Cl A*		2,351		824
BioSpecifics Technologies Corp*		5,565		315
Catalent Inc*		16,500		857
Centene Corp*		3,806		226
Charles River Laboratories International Inc*		7,525		950
Chemed Corp		6,900		2,989
Coherus Biosciences Inc*		73,723		1,196
Collegium Pharmaceutical Inc*		71,292		1,164
Computer Programs & Systems Inc		33,831		753
CONMED Corp		10,000		573
Cross Country Healthcare Inc*		96,607		651
CryoLife Inc*		680		12
DexCom Inc*		4,379		1,179
Dicerna Pharmaceuticals Inc*		48,292		887
Durect Corp*		404,709		627
Eagle Pharmaceuticals Inc/DE*		4,421		203
Emergent BioSolutions Inc*		49,468		2,862
Encompass Health Corp		19,928		1,276
Ensign Group Inc/The		22,232		836
Fulgent Genetics Inc*		88,473		952
Global Blood Therapeutics Inc*		5,851		299
GW Pharmaceuticals PLC ADR*		3,127		274
Haemonetics Corp*		25,898		2,581
HealthStream Inc*		38,152		914
Heska Corp*		167		9
Hill-Rom Holdings Inc		1		—



Description	Shares		Market Value ($ Thousands)
Humana Inc*		5,500	$	1,727
ICON PLC*		11,707		1,592
ICU Medical Inc*		5,669		1,144
IDEXX Laboratories Inc*		6,675		1,617
Immunomedics Inc* (A)		48,245		650
Incyte Corp*		3,300		242
Inovalon Holdings Inc, Cl A*		71,259		1,187
Insmed Inc*		36,249		581
Integer Holdings Corp*		15,849		996
Integra LifeSciences Holdings Corp*		25,000		1,117
Iovance Biotherapeutics Inc*		17,428		522
Jazz Pharmaceuticals PLC*		13,912		1,388
Karyopharm Therapeutics Inc*		35,000		672
LeMaitre Vascular Inc		467		12
LHC Group Inc*		8,754		1,227
Ligand Pharmaceuticals Inc* (A)		91,020		6,619
Luminex Corp		19,615		540
Magellan Health Inc*		56,270		2,707
Masimo Corp*		15,397		2,727
Mettler-Toledo International Inc*		411		284
National HealthCare Corp		17,613		1,263
National Research Corp, Cl A		5,713		260
Natus Medical Inc*		31,209		722
Nektar Therapeutics, Cl A*		30,613		546
NeoGenomics Inc*		23,942		661
Neurocrine Biosciences Inc*		10,038		869
Nevro Corp*		2,387		239
Novocure Ltd*		11,889		801
NuVasive Inc*		25,880		1,311
Omnicell Inc*		181		12
Optinose Inc* (A)		54,376		244
Orthofix Medical Inc*		9,714		272
Pacira BioSciences Inc*		44,489		1,492
Penumbra Inc*		9,786		1,579
PerkinElmer Inc		12,707		957
Perrigo Co PLC		3,029		146
Pfenex Inc*		106,544		940
Phibro Animal Health Corp, Cl A		30,927		748
Premier Inc, Cl A*		73,631		2,409
Prestige Consumer Healthcare Inc, Cl A*		54,814		2,011
Providence Service Corp/The*		4,264		234
Puma Biotechnology Inc* (A)		47,209		398
Quidel Corp*		15,300		1,496
R1 RCM Inc*		120,656		1,097
Reata Pharmaceuticals Inc, Cl A*		4,200		606
Repligen Corp*		11,700		1,130
Revance Therapeutics Inc*		85,420		1,264
Sarepta Therapeutics Inc*		1,971		193
SIGA Technologies Inc*		2,198		11
Syneos Health Inc, Cl A*		123,280		4,860
Teleflex Inc		8,291		2,428
Tenet Healthcare Corp*		51,322		739


3		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

SCHEDULE OF INVESTMENTS (Unaudited)

Tax-Managed Small/Mid Cap Fund (Continued)

March 31, 2020



Description	Shares		Market Value ($ Thousands)
United Therapeutics Corp*		7,055	$	669
West Pharmaceutical Services Inc		11,500		1,751
Zogenix Inc*		15,027		371

				93,120


Industrials — 14.4%
Advanced Disposal Services Inc*		17,348		569
Advanced Drainage Systems Inc		387		11
AECOM*		44,000		1,313
AO Smith Corp		4,400		166
Armstrong World Industries Inc		17,886		1,421
Atlas Air Worldwide Holdings Inc*		83,977		2,156
BMC Stock Holdings Inc*		625		11
Brady Corp, Cl A		15,000		677
Builders FirstSource Inc*		43,059		527
BWX Technologies Inc, Cl W		28,000		1,364
Carlisle Cos Inc		9,043		1,133
Casella Waste Systems Inc, Cl A*		5,000		195
CBIZ Inc*		18,026		377
Cimpress PLC*		18,458		982
Cintas Corp		7,847		1,359
Clean Harbors Inc*		7,022		361
Colfax Corp*		246,216		4,875
CoStar Group Inc*		5,435		3,192
CRA International Inc		11,678		390
CSW Industrials Inc		1,824		118
Curtiss-Wright Corp		15,306		1,414
Ducommun Inc*		12,544		312
EMCOR Group Inc		24,206		1,484
ESCO Technologies Inc		4,000		304
Evoqua Water Technologies Corp*		78,839		884
Exponent Inc		30,000		2,157
Forrester Research Inc*		13,175		385
Franklin Covey Co*		648		10
FTI Consulting Inc*		22,195		2,658
Generac Holdings Inc*		13,400		1,249
Great Lakes Dredge & Dock Corp*		100,393		833
Heritage-Crystal Clean Inc*		4,102		67
Huntington Ingalls Industries Inc, Cl A		6,945		1,265
Huron Consulting Group Inc*		28,425		1,289
IAA Inc*		204,603		6,130
ICF International Inc, Cl A		4,655		320
IDEX Corp		10,820		1,494
JetBlue Airways Corp*		63,886		572
John Bean Technologies Corp, Cl A		1,377		102
Kadant Inc		21,160		1,580
Kaman Corp, Cl A		54,466		2,095
KAR Auction Services Inc		226,271		2,715
Kelly Services Inc, Cl A		4,601		58
Kforce Inc		10,057		257
L3Harris Technologies Inc		8,190		1,475
Macquarie Infrastructure Corp		66,909		1,689
Masonite International Corp*		37,515		1,780



Description	Shares		Market Value ($ Thousands)
Mastech Digital Inc*		61,106	$	785
McGrath RentCorp		15,137		793
Mercury Systems Inc*		7,000		499
Meritor Inc*		72,117		956
Middleby Corp/The*		11,013		626
MSA Safety Inc		10,698		1,083
MSC Industrial Direct Co Inc, Cl A		3,679		202
MYR Group Inc*		22,025		577
Old Dominion Freight Line Inc, Cl A		12,758		1,675
Orion Energy Systems Inc*		227,045		840
Orion Group Holdings Inc*		304,367		791
Primoris Services Corp		39,823		633
Quanex Building Products Corp		115,129		1,161
RBC Bearings Inc*		9,071		1,023
Resources Connection Inc		21,841		240
Rexnord Corp		477		11
Rush Enterprises Inc, Cl A		25,948		828
Simpson Manufacturing Co Inc		7,500		465
SP Plus Corp*		38,496		799
Spartan Motors Inc		28,592		369
Standex International Corp		1,204		59
Sterling Construction Co Inc*		1,274		12
Teledyne Technologies Inc*		22,281		6,624
Tetra Tech Inc		27,739		1,959
Toro Co/The		2,800		182
TransDigm Group Inc*		500		160
TriMas Corp*		52,216		1,206
Trinity Industries Inc		191,972		3,085
TrueBlue Inc*		15,095		193
United Rentals Inc*		7,561		778
Universal Forest Products Inc		9,396		349
Watts Water Technologies Inc, Cl A		4,000		339
WESCO International Inc*		8,717		199
Westinghouse Air Brake Technologies Corp		3,600		173
Woodward Inc		8,000		476
XPO Logistics Inc*		50,356		2,455

				88,380


Information Technology — 17.9%
ACI Worldwide Inc*		454,753		10,982
Agilysys Inc*		709		12
American Software Inc/GA, Cl A		30,440		433
Amkor Technology Inc*		75,502		588
ANSYS Inc*		2,600		604
Arista Networks Inc*		2,488		504
Aspen Technology Inc*		25,803		2,453
Belden Inc		1,000		36
Benchmark Electronics Inc		8,909		178
Broadridge Financial Solutions Inc		1,700		161
Cabot Microelectronics Corp		426		49
Cadence Design Systems Inc*		23,679		1,564
CalAmp Corp*		158,934		715
Calix Inc*		41,409		293


4		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

SCHEDULE OF INVESTMENTS (Unaudited)

Tax-Managed Small/Mid Cap Fund (Continued)

March 31, 2020



Description	Shares		Market Value ($ Thousands)
ChannelAdvisor Corp*		15,695	$	114
Cirrus Logic Inc*		8,000		525
Coherent Inc*		1,420		151
CSG Systems International Inc		23,891		1,000
Cypress Semiconductor Corp		92,500		2,157
Dolby Laboratories Inc, Cl A		12,000		651
EchoStar Corp, Cl A*		334		11
Entegris Inc		26,270		1,176
EPAM Systems Inc*		5,383		999
ePlus Inc*		8,062		505
Euronet Worldwide Inc*		10,000		857
EVERTEC Inc		92,448		2,101
Evo Payments Inc, Cl A*		16,000		245
ExlService Holdings Inc*		28,934		1,505
Fair Isaac Corp*		2,500		769
Fidelity National Information Services Inc, Cl B		10,569		1,286
Five9 Inc*		8,000		612
FormFactor Inc*		600		12
Gartner Inc*		1,518		151
Global Payments Inc		5,841		842
Hackett Group Inc/The		19,093		243
I3 Verticals Inc, Cl A*		7,873		150
Ichor Holdings Ltd*		26,259		503
II-VI Inc* (A)		29,614		844
Inphi Corp*		24,989		1,978
Insight Enterprises Inc*		21,641		912
Intellicheck Inc*		107,816		366
Intelligent Systems Corp*		358		12
International Money Express Inc*		1,250		11
Itron Inc*		33,423		1,866
J2 Global Inc*		104,762		7,841
Keysight Technologies Inc*		18,000		1,506
Lattice Semiconductor Corp*		49,008		873
Leidos Holdings Inc		24,667		2,261
Littelfuse Inc		161		22
Lumentum Holdings Inc*		4,818		355
Manhattan Associates Inc*		10,280		512
ManTech International Corp/VA, Cl A		23,383		1,699
MAXIMUS Inc		43,612		2,538
Microchip Technology Inc		7,324		497
MicroStrategy Inc, Cl A*		3,537		418
Model N Inc*		21,638		481
Monolithic Power Systems Inc		6,335		1,061
National Instruments Corp		370		12
NCR Corp*		77,787		1,377
NIC Inc		72,349		1,664
Nuance Communications Inc*		30,000		503
ON Semiconductor Corp*		140,447		1,747
OSI Systems Inc*		184		13
Palo Alto Networks Inc*		4,182		686
PC-Tel Inc		142,165		945



Description	Shares		Market Value ($ Thousands)
Perficient Inc*		12,505	$	339
Photronics Inc*		75,817		778
Power Integrations Inc		5,000		442
QAD Inc, Cl A		5,106		204
Qorvo Inc*		10,870		877
Radware Ltd*		15,000		316
Rambus Inc*		69,493		771
RingCentral Inc, Cl A*		2,963		628
Science Applications International Corp		10,962		818
Seachange International Inc*		289,559		1,077
Semtech Corp*		69,982		2,624
Shutterstock Inc		22,614		727
Silicon Motion Technology Corp ADR		148,353		5,438
Smith Micro Software Inc* (A)		165,417		696
SolarWinds Corp*		785		12
SPS Commerce Inc*		20,488		953
Super Micro Computer Inc*		320,000		6,810
Sykes Enterprises Inc*		52,933		1,436
Synopsys Inc*		12,071		1,555
Tech Data Corp*		8,900		1,165
Teradyne Inc		18,928		1,025
Trade Desk Inc/The, Cl A*		17,606		3,398
TTEC Holdings Inc		31,473		1,156
Tyler Technologies Inc*		4,765		1,413
Verint Systems Inc*		34,599		1,488
Wix.com Ltd*		25,947		2,616
WNS Holdings Ltd ADR*		22,983		988
Xperi Corp		85,863		1,194
Zebra Technologies Corp, Cl A*		5,402		993

				110,074


Materials — 6.2%
Albemarle Corp		4,500		254
Ashland Global Holdings Inc		32,652		1,635
Avery Dennison Corp		2,472		252
Axalta Coating Systems Ltd*		110,540		1,909
B2Gold Corp		582,228		1,782
Balchem Corp		11,353		1,121
Boise Cascade Co		23,092		549
Century Aluminum Co*		234,619		849
Commercial Metals Co, Cl A		349,469		5,518
Crown Holdings Inc*		4,800		278
FMC Corp		126,012		10,294
Gold Resource Corp		144,694		398
Hawkins Inc		6,068		216
Hecla Mining Co		245,000		446
Ingevity Corp*		12,718		448
Innospec Inc		21,490		1,493
Materion Corp		12,245		429
Myers Industries Inc		36,926		397
Novagold Resources Inc*		94,000		694
Packaging Corp of America		2,600		226
Royal Gold Inc, Cl A		8,757		768


5		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

SCHEDULE OF INVESTMENTS (Unaudited)

Tax-Managed Small/Mid Cap Fund (Continued)

March 31, 2020



Description	Shares		Market Value ($ Thousands)
Silgan Holdings Inc		272,109	$	7,896
Tredegar Corp		10,409		163
Valvoline Inc		7,138		93

				38,108


Real Estate — 7.5%
Agree Realty Corp‡		15,500		959
Alexander’s Inc‡		3,750		1,035
American Assets Trust Inc‡		26,163		654
Armada Hoffler Properties Inc‡		159,808		1,710
Camden Property Trust‡		1		—
CatchMark Timber Trust Inc, Cl A‡		109,640		792
City Office REIT Inc‡		41,455		300
Community Healthcare Trust Inc‡		384		15
CorEnergy Infrastructure Trust Inc‡		5,425		100
Douglas Emmett Inc‡		31,000		946
EastGroup Properties Inc‡		14,800		1,546
EPR Properties, Cl A‡		1,000		24
Equity LifeStyle Properties‡		25,200		1,448
First Industrial Realty Trust Inc‡		18,000		598
Gaming and Leisure Properties Inc‡		171,489		4,752
Getty Realty Corp‡		46,457		1,103
Gladstone Commercial Corp‡		62,536		898
Highwoods Properties Inc‡		10,000		354
Howard Hughes Corp/The*‡		30,552		1,543
Independence Realty Trust Inc‡		113,415		1,014
Investors Real Estate Trust‡		21,514		1,183
Invitation Homes Inc‡		88,917		1,900
Life Storage Inc‡		3,100		293
LTC Properties Inc‡		13,712		424
Medical Properties Trust Inc‡		428,546		7,410
Mid-America Apartment Communities Inc‡		5,599		577
Monmouth Real Estate Investment Corp, Cl A‡		88,945		1,072
National Health Investors Inc‡		265		13
National Storage Affiliates Trust‡		25,000		740
New Senior Investment Group Inc‡		303,467		777
Newmark Group Inc, Cl A‡		383,478		1,630
NexPoint Residential Trust Inc‡		18,000		454
Office Properties Income Trust‡		53,381		1,455
One Liberty Properties Inc‡		470		7
Paramount Group Inc‡		53,000		466
Piedmont Office Realty Trust Inc, Cl A‡		42,188		745
PS Business Parks Inc‡		12,200		1,653
Rexford Industrial Realty Inc‡		27,000		1,107
RPT Realty‡		160,057		965
Sabra Health Care REIT Inc‡		91,013		994
Safehold Inc‡		5,000		316
Saul Centers Inc‡		390		13
Spirit Realty Capital Inc‡		387		10
Sun Communities Inc‡		1,653		206
Terreno Realty Corp‡		15,348		794
Universal Health Realty Income Trust‡		1,794		181



Description	Shares		Market Value ($ Thousands)
Urstadt Biddle Properties Inc, Cl A‡		58,312	$	822
Whitestone REIT, Cl B‡		36,533		227

				46,225


Utilities — 3.8%
American States Water Co		21,500		1,757
Atmos Energy Corp		20,484		2,033
Avista Corp		13,200		561
Black Hills Corp, Cl A		18,270		1,170
California Water Service Group, Cl A		10,000		503
Chesapeake Utilities Corp		6,037		517
CMS Energy Corp		10,600		623
Evergy Inc		21,057		1,159
Hawaiian Electric Industries Inc		9,000		387
IDACORP Inc, Cl A		10,909		958
MDU Resources Group Inc		49,882		1,073
Middlesex Water Co		24,284		1,460
NorthWestern Corp		16,618		994
ONE Gas Inc		13,750		1,150
Pinnacle West Capital Corp		15,400		1,167
PNM Resources Inc		25,500		969
Portland General Electric Co		43,378		2,080
Southwest Gas Holdings Inc		10,221		711
Spire Inc		14,200		1,058
TerraForm Power Inc, Cl A		60,012		946
UGI Corp		29,449		785
Unitil Corp		18,994		994
Vistra Energy Corp		710		11
York Water Co/The		9,081		395

				23,461

Total Common Stock (Cost $567,640) ($ Thousands)				610,194


	Number of Rights
RIGHTS — 0.0%
Schulman‡ ‡ (B) (C)		51,428		22

Total Rights (Cost $—) ($ Thousands)				22


	Shares
AFFILIATED PARTNERSHIP — 2.0%
SEI Liquidity Fund, L.P. 0.760%* * † (D)		12,696,345		12,706

Total Affiliated Partnership (Cost $12,695) ($ Thousands)				12,706


6		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

SCHEDULE OF INVESTMENTS (Unaudited)

Tax-Managed Small/Mid Cap Fund (Continued)

March 31, 2020



Description	Shares		Market Value ($ Thousands)
CASH EQUIVALENT — 1.5%
SEI Daily Income Trust, Government Fund, Cl F 0.290%* * †		8,952,852	$	8,953

Total Cash Equivalent (Cost $8,953) ($ Thousands)				8,953

Total Investments in Securities —102.7% (Cost $589,288) ($ Thousands)			$	631,875

Percentages are based on a Net Assets of $615,077 ($ Thousands).

Non-income producing security.

*^*

The rate reported is the 7-day effective yield as of March 31, 2020.

‡

Real Estate Investment Trust.

†

Investment in Affiliated Security (see Note 6).

(A)

Certain securities or partial positions of certain securities are on loan at March 31, 2020 (see Note 10). The total market value of securities on loan at March 31, 2020, was $12,173 ($ Thousands).

(B)

Level 3 security in accordance with fair value hierarchy.

(C)

Securities considered illiquid. The total value of such securities as of March 31, 2020 was $22 ($ Thousands) and represented 0.0% of Net Assets.

(D)

This security was purchased with cash collateral held from securities on loan (see Note 10). The total market value of such securities as of March 31, 2020 was $12,706 ($ Thousands).

ADR — American Depositary Receipt

Cl — Class

L.P. — Limited Partnership

Ltd — Limited

PLC — Public Limited Company

The following is a list of the level of inputs used as of March 31, 2020, in valuing the Fund’s investments carried at value ($ Thousands):



Investments in Securities	Level 1 ($)		Level 2 ($)		Level 3 ($)⁽¹⁾		Total ($)
Common Stock		610,194		—		—		610,194
Rights		—		—		22		22
Affiliated Partnership		—		12,706		—		12,706
Cash Equivalent		8,953		—		—		8,953

Total Investments in Securities		619,147		12,706		22		631,875

(1)

For the period ended March 31, 2020, there were no transfers in or out of Level 3.

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


7		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

SCHEDULE OF INVESTMENTS (Unaudited)

Tax-Managed Small/Mid Cap Fund (Concluded)

March 31, 2020

The following is a summary of the Fund’s transactions with affiliates for the period ended March 31, 2020 ($ Thousands):



Security Description	Value 9/30/2019			Purchases at Cost			Proceeds from Sales				Realized Gain/ (Loss)			Change in Unrealized Appreciation/ (Depreciation)			Value 3/31/2020			Shares		Income			Capital Gains
SEI Liquidity Fund, L.P.		$	78,149		$	61,787		$	(127,242	)		$	—		$	12		$	12,706		12,696,345		$	138		$	—
SEI Daily Income Trust, Government Fund, Cl F			18,992			61,185			(71,224	)			—			—			8,953		8,952,852			118			—

Totals		$	97,141		$	122,972		$	(198,466	)		$	—		$	12		$	21,659				$	256		$	—

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

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


8		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

SCHEDULE OF INVESTMENTS (Unaudited)

Mid-Cap Fund

March 31, 2020



Description	Shares		Market Value ($ Thousands)
COMMON STOCK — 96.2%

Communication Services — 3.3%
CenturyLink Inc		56,200	$	532
Discovery Inc, Cl A*		11,100		216
Discovery Inc, Cl C*		15,800		277
DISH Network Corp, Cl A*		16,705		334
Spotify Technology SA*		400		48
Take-Two Interactive Software Inc, Cl A*		4,200		498
TripAdvisor Inc*		4,100		71
United States Cellular Corp*		3,400		100
ViacomCBS Inc, Cl B		14,906		209

				2,285


Consumer Discretionary — 8.0%
AutoNation Inc*		4,900		138
Best Buy Co Inc		7,900		450
Big Lots Inc		300		4
BorgWarner Inc		5,600		137
Capri Holdings Ltd*		19,000		205
CarMax Inc*		700		38
Carriage Services Inc		4,100		66
Dollar General Corp		5,400		815
DR Horton Inc		10,300		350
Extended Stay America Inc		27,600		202
frontdoor Inc*		4,900		170
Goodyear Tire & Rubber Co/The		5,500		32
Hilton Grand Vacations Inc*		6,000		95
Lennar Corp, Cl A		8,400		321
Lennar Corp, Cl B		2,400		69
LKQ Corp*		20,000		410
Lululemon Athletica Inc*		700		133
M/I Homes Inc*		6,700		111
Norwegian Cruise Line Holdings Ltd*		7,700		84
O’Reilly Automotive Inc*		1,700		512
PVH Corp		5,700		215
Qurate Retail Inc*		36,500		223
Royal Caribbean Cruises Ltd		7,100		228
Sonic Automotive Inc, Cl A		10,800		143
Whirlpool Corp		4,600		395

				5,546


Consumer Staples — 5.9%
Archer-Daniels-Midland Co		19,700		693
Bunge Ltd		11,100		455
Campbell Soup Co		2,700		125
Conagra Brands Inc		19,400		569
Coty Inc, Cl A		18,800		97
JM Smucker Co/The		300		33
Keurig Dr Pepper Inc		19,700		478
Kroger Co/The		22,000		663
Pilgrim’s Pride Corp*		19,500		354



Description	Shares		Market Value ($ Thousands)
Tyson Foods Inc, Cl A		11,300	$	654

				4,121


Energy — 1.0%
Kinder Morgan Inc/DE		19,600		273
Matrix Service Co*		3,800		36
Nordic American Tankers Ltd		18,400		83
ONEOK Inc		11,100		242
Valero Energy Corp		1,200		55

				689


Financials — 9.6%
Alleghany Corp*		40		22
Ally Financial Inc		13,900		201
American Equity Investment Life Holding Co		3,100		58
American Financial Group Inc/OH		5,400		378
Ameriprise Financial Inc		6,100		625
Annaly Capital Management Inc‡		50,400		256
Bancorp Inc/The*		9,400		57
Capital One Financial Corp		6,500		328
CIT Group Inc		2,800		48
CNA Financial Corp		9,600		298
Discover Financial Services		3,300		118
Equitable Holdings Inc		3,900		56
Fidelity National Financial Inc		6,300		157
Fifth Third Bancorp		30,500		453
First American Financial Corp		4,500		191
Invesco Ltd		30,900		281
KeyCorp		8,700		90
Lincoln National Corp		3,000		79
Loews Corp		6,700		233
LPL Financial Holdings Inc		3,200		174
Markel Corp*		240		223
Midland States Bancorp Inc		2,900		51
Navient Corp		24,500		186
OneMain Holdings Inc, Cl A		6,600		126
Popular Inc		10,300		360
Raymond James Financial Inc		4,700		297
State Street Corp		9,500		506
Stifel Financial Corp		2,400		99
Synchrony Financial		11,900		192
T Rowe Price Group Inc		5,100		498
Western Asset Mortgage Capital Corp* ‡		1,900		4
Wintrust Financial Corp		1,500		49

				6,694


Health Care — 12.7%
Agilent Technologies Inc		1,700		122
Alexion Pharmaceuticals Inc*		3,800		341
AmerisourceBergen Corp, Cl A		7,100		628
Cardinal Health Inc		4,900		235
Cerner Corp		11,100		699
Charles River Laboratories International Inc*		1,800		227


1		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

SCHEDULE OF INVESTMENTS (Unaudited)

Mid-Cap Fund (Continued)

March 31, 2020



Description	Shares		Market Value ($ Thousands)
DaVita Inc*		7,400	$	563
DENTSPLY SIRONA Inc		12,400		481
Hill-Rom Holdings Inc		700		70
Hologic Inc*		15,200		533
IDEXX Laboratories Inc*		700		170
Incyte Corp*		8,900		652
IQVIA Holdings Inc*		6,400		690
Jazz Pharmaceuticals PLC*		1,000		100
McKesson Corp		5,200		703
Mylan NV*		22,600		337
Neurocrine Biosciences Inc*		700		61
ResMed Inc		500		74
STERIS PLC		3,800		532
Universal Health Services Inc, Cl B		4,600		456
Varian Medical Systems Inc*		1,000		103
West Pharmaceutical Services Inc		1,900		289
Zimmer Biomet Holdings Inc		7,300		738

				8,804


Industrials — 12.1%
Acuity Brands Inc		3,100		266
American Woodmark Corp*		700		32
AMETEK Inc		900		65
Arconic Inc		28,800		462
Atkore International Group Inc*		18,400		388
BMC Stock Holdings Inc*		15,600		277
Cummins Inc		4,900		663
Dover Corp		5,500		462
EMCOR Group Inc		4,100		251
Fortune Brands Home & Security Inc		7,400		320
Gates Industrial Corp PLC*		32,100		237
GMS Inc*		13,300		209
HEICO Corp		2,700		201
HEICO Corp, Cl A		2,000		128
Hubbell Inc, Cl B		3,300		379
Huntington Ingalls Industries Inc, Cl A		3,100		565
Ingersoll Rand Inc*		2,735		68
Johnson Controls International plc		12,400		334
Kansas City Southern		300		38
Kforce Inc		6,100		156
Knoll Inc, Cl B		9,400		97
L3Harris Technologies Inc		300		54
Masco Corp		3,600		124
Oshkosh Corp		8,100		521
PACCAR Inc		11,100		679
Steelcase Inc, Cl A		5,200		51
Timken Co/The		700		23
Trane Technologies PLC		3,100		256
TransUnion		8,500		562
United Airlines Holdings Inc*		9,100		287
Wabash National Corp		6,500		47



Description	Shares		Market Value ($ Thousands)
WESCO International Inc*		7,900	$	180

				8,382


Information Technology — 20.4%
Advanced Micro Devices Inc*		600		27
ANSYS Inc*		2,600		604
Booz Allen Hamilton Holding Corp, Cl A		8,500		584
Cadence Design Systems Inc*		11,200		740
CDK Global Inc		4,300		141
CDW Corp/DE		7,000		653
Dell Technologies Inc, Cl C*		9,926		393
EPAM Systems Inc*		3,000		557
F5 Networks Inc, Cl A*		4,600		491
Fiserv Inc, Cl A*		2,900		276
FleetCor Technologies Inc*		3,200		597
Fortinet Inc*		6,900		698
Hewlett Packard Enterprise Co		49,900		485
Itron Inc*		700		39
Jabil Inc		14,600		359
Lam Research Corp		4,000		960
Leidos Holdings Inc		7,400		678
Manhattan Associates Inc*		1,300		65
Maxim Integrated Products Inc		6,700		326
Motorola Solutions Inc		2,100		279
NCR Corp*		800		14
Nuance Communications Inc*		13,000		218
Paycom Software Inc*		2,500		505
Qorvo Inc*		6,200		500
Skyworks Solutions Inc		6,800		608
SS&C Technologies Holdings Inc		13,600		596
SYNNEX Corp*		4,300		314
Synopsys Inc*		5,600		721
Ultra Clean Holdings Inc*		4,200		58
Universal Display Corp		3,600		474
VeriSign Inc*		3,300		594
Western Digital Corp		5,700		237
Xerox Holdings Corp		19,400		367

				14,158


Materials — 5.8%
Cabot Corp		2,600		68
CF Industries Holdings Inc		8,800		239
Corteva Inc		23,900		562
Eagle Materials Inc		1,700		99
Eastman Chemical Co		9,100		424
Freeport-McMoRan Inc, Cl B*		5,600		38
Huntsman Corp		2,300		33
Koppers Holdings Inc*		2,900		36
LyondellBasell Industries NV, Cl A		6,100		303
Martin Marietta Materials Inc, Cl A		2,800		530
Nucor Corp		5,100		184
Steel Dynamics Inc		16,500		372
Vulcan Materials Co		5,900		637


2		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

SCHEDULE OF INVESTMENTS (Unaudited)

Mid-Cap Fund (Continued)

March 31, 2020



Description	Shares		Market Value ($ Thousands)
Westlake Chemical Corp		3,300	$	126
Westrock Co		15,300		432

				4,083


Real Estate — 8.8%
Apartment Investment & Management Co, Cl A‡		6,400		225
Apple Hospitality REIT Inc* ‡		37,300		342
AvalonBay Communities Inc‡		900		132
Boston Properties Inc‡		2,000		185
Braemar Hotels & Resorts Inc* ‡		600		1
Brandywine Realty Trust‡		3,900		41
Brixmor Property Group Inc‡		23,300		221
Camden Property Trust‡		5,300		420
CBRE Group Inc, Cl A* ‡		14,400		543
Columbia Property Trust Inc‡		11,500		144
CorePoint Lodging Inc‡		2,600		10
DiamondRock Hospitality Co* ‡		7,900		40
Diversified Healthcare Trust‡		5,100		19
Douglas Emmett Inc‡		1,500		46
EPR Properties, Cl A‡		6,700		162
Equity Residential‡		1,600		99
Franklin Street Properties Corp‡		8,200		47
Gaming and Leisure Properties Inc‡		15,200		421
GEO Group Inc/The‡		31,750		386
Host Hotels & Resorts Inc‡		38,000		420
Invitation Homes Inc‡		8,200		175
Jones Lang LaSalle Inc		2,400		242
Newmark Group Inc, Cl A‡		17,951		76
Omega Healthcare Investors Inc‡		1,400		37
Paramount Group Inc‡		19,900		175
Retail Properties of America Inc, Cl A‡		18,400		95
Ryman Hospitality Properties Inc‡		5,300		190
SBA Communications Corp, Cl A‡		1,600		432
Service Properties Trust‡		3,100		17
UDR Inc‡		6,900		252
Ventas Inc‡		19,400		520

				6,115


Utilities — 8.6%
AES Corp/VA		24,300		330
Avangrid Inc		6,100		267
CenterPoint Energy Inc		4,900		76
Consolidated Edison Inc		8,700		679
DTE Energy Co		5,000		475
FirstEnergy Corp		18,200		729
MDU Resources Group Inc		7,700		166
NRG Energy Inc		20,800		567
PPL Corp		9,400		232
Public Service Enterprise Group Inc		16,400		736
Sempra Energy		7,200		814
UGI Corp		15,400		411



Description	Shares		Market Value ($ Thousands)
Vistra Energy Corp		30,100	$	480

				5,962

Total Common Stock (Cost $86,006) ($ Thousands)				66,839


CASH EQUIVALENT — 3.3%
SEI Daily Income Trust, Government Fund, Cl F 0.290%* * †		2,259,948		2,260

Total Cash Equivalent (Cost $2,260) ($ Thousands)				2,260

Total Investments in Securities — 99.5% (Cost $88,266) ($ Thousands)			$	69,099

Percentages are based on Net Assets of $69,467 ($ Thousands).

Non-income producing security.

Rate shown is the 7-day effective yield as of March 31, 2020.

‡

Real Estate Investment Trust.

†

Investment in Affiliated Security (see Note 6).

As of March 31, 2020, 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 period ended March 31, 2020, there were no transfers in or out of Level 3.

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


3		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

SCHEDULE OF INVESTMENTS (Unaudited)

Mid-Cap Fund (Concluded)

March 31, 2020

The following is a summary of the Fund’s transactions with affiliates for the period ended March 31, 2020 ($ Thousands):



Security Description	Value 9/30/2019			Purchases at Cost			Proceeds from Sales				Realized Gain/ (Loss)			Change in Unrealized Appreciation/ (Depreciation)			Value 3/31/2020			Shares		Income			Capital Gains
SEI Daily Income Trust, Government Fund, Cl F		$	3,143		$	15,560		$	(16,443	)		$	—		$	—		$	2,260		2,259,948		$	18		$	—

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

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


4		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

SCHEDULE OF INVESTMENTS (Unaudited)

U.S. Managed Volatility Fund

March 31, 2020



Description	Shares		Market Value ($ Thousands)
COMMON STOCK — 96.6%

Communication Services — 9.1%
Activision Blizzard Inc		40,527	$	2,411
Anterix Inc*		5,149		235
AT&T Inc		704,200		20,527
BCE Inc		82,400		3,342
Cable One Inc		6,804		11,186
China Mobile ADR		75,300		2,837
Cinemark Holdings Inc		183,688		1,872
Comcast Corp, Cl A		469,600		16,145
Discovery Inc, Cl C*		310,355		5,444
Emerald Holding Inc*		42,359		110
EverQuote Inc, Cl A*		9,500		249
Fluent Inc*		20,952		24
Hemisphere Media Group Inc, Cl A*		1,396		12
IAC/InterActiveCorp*		5,869		1,052
John Wiley & Sons Inc, Cl A		30,897		1,158
Madison Square Garden Co/The*		11,263		2,381
National CineMedia Inc		18,882		62
New York Times Co/The, Cl A		76,960		2,363
NTT DOCOMO Inc ADR		184,500		5,736
Omnicom Group Inc		121,800		6,687
Ooma Inc*		2,014		24
SK Telecom Co Ltd ADR		191,000		3,108
TELUS		403,400		6,306
Verizon Communications		736,649		39,580

				132,851


Consumer Discretionary — 10.4%
1-800-Flowers.com Inc, Cl A*		5,638		75
Aaron’s Inc		12,708		290
Amazon.com Inc, Cl A*		3,040		5,927
AutoZone Inc*		19,300		16,328
Bright Horizons Family Solutions Inc*		50,984		5,200
Callaway Golf Co		10,248		105
Canadian Tire Corp Ltd, Cl A		45,600		2,721
Cavco Industries Inc*		518		75
Cheesecake Factory (A)		10,140		173
Cracker Barrel Old Country Store Inc		33,419		2,781
Del Taco Restaurants Inc*		22,060		76
Dollar Tree Inc*		79,403		5,834
Domino’s Pizza Inc		24,424		7,915
DR Horton Inc		79,300		2,696
eBay Inc		183,500		5,516
Everi Holdings Inc*		22,025		73
Ford Motor Co*		1,173,300		5,667
frontdoor Inc*		111,325		3,872
Garmin Ltd		41,014		3,075
Graham Holdings Co, Cl B		2,923		997
Grand Canyon Education Inc*		86,014		6,562
J Alexander’s Holdings Inc*		12,585		48
Kohl’s Corp		89,800		1,310
Lululemon Athletica Inc*		26,082		4,944
NIKE Inc, Cl B		51,100		4,228



Description	Shares		Market Value ($ Thousands)
NVR Inc*		206	$	529
Ollie’s Bargain Outlet Holdings Inc* (A)		70,442		3,264
O’Reilly Automotive Inc*		10,094		3,039
Ross Stores Inc		65,404		5,688
Ruth’s Hospitality Group Inc*		11,860		79
Skyline Champion Corp*		35,333		554
Target Corp, Cl A		320,200		29,769
Texas Roadhouse Inc, Cl A		4,562		188
TJX Cos Inc/The		104,842		5,013
Toyota Motor Corp ADR		57,700		6,921
Ulta Beauty Inc*		20,623		3,623
Vera Bradley Inc*		17,202		71
VF Corp		110,085		5,953
Wingstop Inc, Cl A		8,762		698

				151,877


Consumer Staples — 16.5%
Altria Group Inc		445,708		17,236
Boston Beer Co Inc/The, Cl A*		2,008		738
Calavo Growers Inc		7,678		443
Campbell Soup Co		88,413		4,081
Casey’s General Stores Inc		46,914		6,216
Church & Dwight Co Inc		105,224		6,753
Clorox Co/The		30,421		5,270
Coca-Cola Co/The		184,703		8,173
Flowers Foods Inc		388,391		7,970
Freshpet Inc*		10,855		693
General Mills Inc		221,239		11,675
Hershey Co/The		70,280		9,312
Hormel Foods Corp		131,463		6,131
Hostess Brands Inc, Cl A*		58,919		628
Ingredion Inc		55,800		4,213
J&J Snack Foods Corp		2,177		263
JM Smucker Co/The		229,387		25,462
Kellogg Co		70,100		4,205
Keurig Dr Pepper Inc		345,341		8,381
Kimberly-Clark Corp		61,500		7,864
Kraft Heinz Co/The		219,400		5,428
Kroger Co/The		524,000		15,783
Lamb Weston Holdings Inc		104,177		5,948
Lancaster Colony Corp		3,880		561
McCormick & Co Inc/MD		58,846		8,310
MGP Ingredients Inc		9,991		269
Monster Beverage Corp*		67,752		3,812
PepsiCo Inc		75,276		9,041
Performance Food Group*		20,174		499
Simply Good Foods Co/The*		3,784		73
Sprouts Farmers Market Inc*		122,271		2,273
Sysco Corp, Cl A		113,800		5,193
Tootsie Roll Industries Inc		10,584		381
Tyson Foods Inc, Cl A		257,700		14,913
Universal Corp/VA		5,029		222
Walgreens Boots Alliance Inc		205,400		9,397


1		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

SCHEDULE OF INVESTMENTS (Unaudited)

U.S. Managed Volatility Fund (Continued)

March 31, 2020



Description	Shares		Market Value ($ Thousands)
Walmart Inc		187,800	$	21,338
WD-40 Co		1,967		395

				239,543


Energy — 1.0%
Cactus Inc, Cl A		15,042		174
ConocoPhillips		103,600		3,191
Dorian LPG Ltd*		34,077		297
Evolution Petroleum Corp		5,652		15
NACCO Industries Inc, Cl A		1,321		37
Par Pacific Holdings Inc*		16,918		120
Phillips 66		122,600		6,577
Valero Energy Corp		96,200		4,364

				14,775


Financials — 13.7%
Aflac Inc		402,300		13,775
Allstate Corp/The		253,100		23,217
American Financial Group Inc/OH		157,999		11,073
American National Insurance Co		8,132		670
Annaly Capital Management Inc‡		1,479,500		7,501
Apollo Commercial Real Estate Finance Inc‡		61,135		454
Arch Capital Group Ltd*		72,700		2,069
Ares Commercial Real Estate Corp‡		1,380		10
ARMOUR Residential Inc‡		19,839		175
Assured Guaranty Ltd		131,800		3,399
Athene Holding Ltd, Cl A*		23,823		591
B. Riley Financial Inc		7,659		141
Bank of New York Mellon Corp/The		170,024		5,726
Bank of NT Butterfield & Son Ltd/The		31,374		534
Baycom Corp*		1,814		22
BCB Bancorp Inc		6,695		71
Berkshire Hathaway Inc, Cl B*		112,100		20,495
Blackstone Mortgage Trust Inc, Cl A‡		34,234		637
Cannae Holdings Inc*		15,515		520
Capitol Federal Financial Inc		35,726		415
Cboe Global Markets Inc		91,527		8,169
Chimera Investment Corp‡		349,000		3,176
CME Group Inc		43,235		7,476
CNA Financial Corp		79,700		2,474
Commerce Bancshares Inc/MO		37,197		1,873
Community Bankers Trust Corp		17,908		87
Crawford & Co, Cl A		3,960		29
Employers Holdings Inc		2,258		91
Enstar Group Ltd*		1,710		272
Esquire Financial Holdings Inc*		3,347		50
Evans Bancorp Inc		1,745		42
Exantas Capital Corp* ‡		36,477		101
FBL Financial Group Inc, Cl A		3,491		163
Fifth Third Bancorp		158,300		2,351
First American Financial Corp		76,300		3,236
Focus Financial Partners Inc, Cl A*		11,689		269
Genworth MI Canada Inc		71,000		1,560



Description	Shares		Market Value ($ Thousands)
Granite Point Mortgage Trust Inc* ‡		38,862	$	197
HarborOne Bancorp Inc*		49,735		374
Hartford Financial Services Group Inc/The		69,100		2,435
HomeTrust Bancshares Inc		9,089		145
Horace Mann Educators Corp, Cl A		27,028		989
Houlihan Lokey Inc, Cl A		4,913		256
Independent Bank Corp/MI		1,552		20
Intercontinental Exchange Inc		91,943		7,424
Invesco Mortgage Capital Inc* ‡		338,200		1,153
Investar Holding Corp		965		12
Janus Henderson Group PLC		29,269		448
JPMorgan Chase & Co		48,400		4,358
Kinsale Capital Group Inc		9,481		991
KKR Real Estate Finance Trust Inc‡		7,106		107
Loblaw Cos Ltd		110,700		5,643
MarketAxess Holdings Inc		18,029		5,996
Mercury General Corp		10,989		447
Metrocity Bankshares Inc		1,662		19
MFA Financial Inc* ‡		1,836,594		2,847
Morningstar Inc, Cl A		14,841		1,725
National Bank of Canada		145,500		5,560
National General Holdings Corp		59,538		985
Nicolet Bankshares Inc*		6,867		375
NMI Holdings Inc, Cl A*		27,102		315
Northeast Bank		18,886		220
Orrstown Financial Services Inc		6,033		83
Parke Bancorp Inc		2,075		28
PCSB Financial Corp		22,792		319
Peoples Bancorp of North Carolina		481		10
PNC Financial Services Group Inc/The		34,500		3,302
Premier Financial Bancorp Inc		1,295		16
Progressive Corp/The		64,647		4,774
Protective Insurance Corp		1,773		24
Reinsurance Group of America Inc, Cl A		23,900		2,011
RenaissanceRe Holdings Ltd		19,904		2,972
Riverview Bancorp Inc		4,125		21
Safety Insurance Group Inc		6,082		513
SmartFinancial Inc		481		7
Southern National Bancorp of Virginia Inc		8,705		86
Starwood Property Trust Inc‡		218,800		2,243
Stewart Information Services Corp		14,572		389
TFS Financial Corp		27,471		419
Third Point Reinsurance Ltd*		49,740		369
Timberland Bancorp Inc/WA		11,117		203
TPG RE Finance Trust Inc‡		72,808		400
United Security Bancshares/Fresno CA		938		6
Unity Bancorp		2,310		27
US Bancorp		172,500		5,943
Virtu Financial Inc, Cl A		194,285		4,045


2		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

SCHEDULE OF INVESTMENTS (Unaudited)

U.S. Managed Volatility Fund (Continued)

March 31, 2020



Description	Shares		Market Value ($ Thousands)
Wells Fargo & Co		175,300	$	5,030

				199,195


Health Care — 11.6%
AbbVie Inc		100,800		7,680
Amgen Inc, Cl A		42,500		8,616
Amphastar Pharmaceuticals Inc*		3,778		56
Arvinas Inc*		827		33
Bio-Rad Laboratories Inc, Cl A*		15,224		5,337
Bristol-Myers Squibb Co		255,631		14,249
Chemed Corp		3,753		1,626
CONMED Corp		11,326		649
Cross Country Healthcare Inc*		7,116		48
Cutera Inc*		6,317		83
CVS Health Corp		153,830		9,127
Ensign Group Inc/The		6,773		255
Enzo Biochem Inc*		33,995		86
Gilead Sciences Inc		104,900		7,842
Haemonetics Corp*		8,613		858
HCA Healthcare Inc		94,000		8,446
Johnson & Johnson		252,310		33,085
Joint Corp/The*		24,999		271
Laboratory Corp of America Holdings*		13,734		1,736
LeMaitre Vascular Inc		17,390		433
Luminex Corp		15,150		417
Merck & Co Inc		394,800		30,376
Nevro Corp*		338		34
Pfizer Inc		568,700		18,562
Phibro Animal Health Corp, Cl A		29,851		721
Premier Inc, Cl A*		105,552		3,454
Recro Pharma Inc*		39,792		325
Sanofi ADR		61,600		2,693
SeaSpine Holdings Corp*		29,219		239
Universal Health Services Inc, Cl B		50,500		5,004
Vanda Pharmaceuticals Inc*		13,354		138
West Pharmaceutical Services Inc		44,144		6,721

				169,200


Industrials — 8.3%
Allison Transmission Holdings Inc		215,300		7,021
BWX Technologies Inc, Cl W		19,372		944
Carlisle Cos Inc		60,327		7,558
Casella Waste Systems Inc, Cl A*		12,307		481
CoStar Group Inc*		4,134		2,427
Cummins Inc		31,600		4,276
Curtiss-Wright Corp		49,205		4,547
Eaton Corp PLC		58,300		4,529
Forrester Research Inc*		5,899		172
Fortive Corp		57,501		3,173
Huntington Ingalls Industries Inc, Cl A		37,800		6,887
Lawson Products Inc/DE*		1,300		35
Lindsay Corp		6,580		603
Lockheed Martin Corp		25,229		8,551



Description	Shares		Market Value ($ Thousands)
Northrop Grumman Corp		16,318	$	4,937
Omega Flex Inc		740		62
Raytheon Co		71,720		9,406
Republic Services Inc		217,731		16,343
SiteOne Landscape Supply Inc*		3,555		262
SkyWest Inc		702		18
Snap-on Inc		44,000		4,788
SP Plus Corp*		1,208		25
Spartan Motors Inc		34,231		442
Toro Co/The		83,447		5,432
TransUnion		39,281		2,600
United Technologies Corp		66,500		6,273
Waste Management Inc		168,817		15,626
Watsco Inc		23,892		3,776

				121,194


Information Technology — 12.9%
Agilysys Inc*		29,665		495
Amdocs Ltd		491,964		27,043
Apple Inc		40,600		10,324
Avnet Inc		87,000		2,184
Blackline Inc*		10,083		531
CACI International Inc, Cl A*		27,200		5,743
Canon Inc ADR		130,800		2,831
CDK Global Inc		190,772		6,267
ChannelAdvisor Corp*		4,901		36
Cisco Systems Inc		537,800		21,141
CSG Systems International Inc		12,907		540
Digital Turbine Inc*		113,308		488
ExlService Holdings Inc*		9,445		491
F5 Networks Inc, Cl A*		41,500		4,425
FLIR Systems Inc		4,711		150
Genpact Ltd		62,124		1,814
Hackett Group Inc/The		7,836		100
Intel Corp		440,000		23,813
International Business Machines Corp		118,100		13,101
Jack Henry & Associates Inc		8,332		1,294
ManTech International Corp/VA, Cl A		5,000		363
Motorola Solutions Inc		64,462		8,568
MTS Systems Corp, Cl A		6,845		154
National Instruments Corp		141,724		4,688
NortonLifeLock Inc		182,373		3,412
Oracle Corp, Cl B		536,100		25,910
Paychex Inc		55,506		3,493
Perspecta Inc		5,323		97
PRGX Global Inc*		8,673		24
Progress Software Corp		16,809		538
QAD Inc, Cl A		6,751		270
SPS Commerce Inc*		6,416		298
SYNNEX Corp*		15		1
Tyler Technologies Inc*		5,413		1,605
Verra Mobility Corp, Cl A*		44,153		315
ViaSat Inc*		46,398		1,667


3		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

SCHEDULE OF INVESTMENTS (Unaudited)

U.S. Managed Volatility Fund (Continued)

March 31, 2020



Description	Shares		Market Value ($ Thousands)
Western Union Co/The		715,900	$	12,979

				187,193


Materials — 2.9%
AptarGroup Inc		77,837		7,748
Ardagh Group SA, Cl A		13,470		160
Ball Corp		74,301		4,804
Hawkins Inc		3,939		140
Linde PLC		47,701		8,252
Materion Corp		6,816		239
Royal Gold Inc, Cl A		76,653		6,723
Sealed Air Corp		165,200		4,082
Silgan Holdings Inc		165,800		4,812
Sonoco Products Co		88,730		4,113
Valvoline Inc		99,159		1,298

				42,371


Real Estate — 3.4%
Apple Hospitality Inc* ‡		282,600		2,591
Brandywine Realty Trust‡		343,400		3,612
Brixmor Property Group Inc‡		246,300		2,340
BRT Apartments Corp^‡		1,196		12
Equity Commonwealth* ‡		165,303		5,242
Gaming and Leisure Properties Inc‡		278,452		7,716
Global Medical Inc‡		8,999		91
Hannon Armstrong Sustainable Infrastructure Capital Inc‡		4,737		97
Iron Mountain Inc‡		146,700		3,491
National Health Investors Inc‡		46,727		2,314
Omega Healthcare Investors Inc‡		144,000		3,822
Physicians Realty Trust‡		19,437		271
Piedmont Office Realty Trust, Cl A‡		277,633		4,903
PS Business Parks Inc‡		1,798		244
Retail Properties of America Inc, Cl A‡		413,000		2,135
Retail Value Inc‡		6,117		75
Rexford Industrial Realty Inc‡		20,551		843
Safehold Inc‡		12,822		811
Terreno Realty Corp‡		20,898		1,081
Universal Health Realty Income Trust‡		313		31
VEREIT Inc‡		907,500		4,438
VICI Properties Inc‡		218,311		3,634

				49,794


Utilities — 6.8%
Alliant Energy Corp		23,058		1,114
American Electric Power Co Inc		116,308		9,302
American States Water Co		1,878		154
Artesian Resources Corp, Cl A		797		30
Atlantic Power Corp*		124,958		267
Avangrid Inc		7,724		338
Avista Corp		17,364		738
Cadiz Inc*		2,293		27
Chesapeake Utilities Corp		6,073		521
CMS Energy Corp		72,433		4,255



Description	Shares		Market Value ($ Thousands)
Consolidated Edison Inc		20,423	$	1,593
DTE Energy Co		89,500		8,500
Edison International		89,800		4,920
Entergy Corp		176,000		16,539
Exelon Corp		520,300		19,152
FirstEnergy Corp		203,000		8,134
Hawaiian Electric Industries Inc		132,783		5,716
MGE Energy Inc		5,440		356
NextEra Energy Inc		33,568		8,077
NorthWestern Corp		15,364		919
ONE Gas Inc		570		48
Pinnacle West Capital Corp		63,196		4,790
PNM Resources Inc		7,809		297
Portland General Electric Co		6,119		293
Pure Cycle Corp*		6,133		68
Spire		7,514		560
Unitil Corp		15,503		811
Xcel Energy Inc		13,638		822

				98,341

Total Common Stock (Cost $1,484,266) ($ Thousands)				1,406,334


AFFILIATED PARTNERSHIP — 0.0%
SEI Liquidity Fund, L.P. 0.760%* * † (B)		258,146		258

Total Affiliated Partnership (Cost $258) ($ Thousands)				258


CASH EQUIVALENT — 2.8%
SEI Daily Income Trust, Government Fund, Cl F 0.290%* *^†		40,869,693		40,870

Total Cash Equivalent (Cost $40,870) ($ Thousands)				40,870

Total Investments in Securities — 99.4% (Cost $1,525,394) ($ Thousands)			$	1,447,462


4		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

SCHEDULE OF INVESTMENTS (Unaudited)

U.S. Managed Volatility Fund (Concluded)

March 31, 2020

A list of the open futures contracts held by the Fund at March 31, 2020, 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		219		Jun-2020	$	26,704	$	28,138	$	1,434

Percentages are based on a Net Assets of $1,455,616 ($ Thousands).

Non-income producing security.

The rate reported is the 7-day effective yield as of March 31, 2020.

‡

Real Estate Investment Trust.

†

Investment in Affiliated Security (see Note 6).

(A)

Certain securities or partial positions of certain securities are on loan at March 31, 2020 (see Note 10). The total market value of securities on loan at March 31, 2020, was $252 ($ 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 March 31, 2020 was $258 ($ Thousands).

ADR — American Depositary Receipt

Cl — Class

Ltd — Limited

PLC — Public Limited Company

S&P — Standard & Poor’s

The following is a list of the level of inputs used as of March 31, 2020, 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		1,406,334		—		—		1,406,334
Affiliated Partnership		—		258		—		258
Cash Equivalent		40,870		—		—		40,870

Total Investments in Securities		1,447,204		258		—		1,447,462



Other Financial Instruments	Level 1 ($)		Level 2 ($)		Level 3 ($)		Total ($)
Futures Contracts*
Unrealized Appreciation		1,434		—		—		1,434

Total Other Financial Instruments		1,434		—		—		1,434

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

For the period ended March 31, 2020, there were no transfers in or out of Level 3.

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 period ended March 31, 2020 ($ Thousands):



Security Description	Value 9/30/2019			Purchases at Cost			Proceeds from Sales				Realized Gain/ (Loss)			Change in Unrealized Appreciation/ (Depreciation)			Value 3/31/2020			Shares		Income			Capital Gains
SEI Liquidity Fund, L.P.		$	—		$	276		$	(18	)		$	—		$	—		$	258		258,146		$	—		$	—
SEI Daily Income Trust, Government Fund, Cl F			44,041			317,144			(320,315	)			—			—			40,870		40,869,693			310			—

Totals		$	44,041		$	317,420		$	(320,333	)		$	—		$	—		$	41,128				$	310		$	—

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

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


5		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

SCHEDULE OF INVESTMENTS

Global Managed Volatility Fund

March 31, 2020



Description	Shares		Market Value ($ Thousands)
COMMON STOCK — 96.8%

Australia — 2.6%
Aurizon Holdings Ltd		718,932	$	1,861
Boral Ltd		723,360		899
Cochlear Ltd		19,438		2,216
Coles Group Ltd		442,970		4,094
Computershare Ltd		308,586		1,828
Dacian Gold Ltd*		34,383		29
Evolution Mining Ltd		94,583		221
Harvey Norman Holdings Ltd		513,616		922
Newcrest Mining Ltd		468,357		6,583
Regis Resources Ltd		372,623		832
Rio Tinto Ltd		69,107		3,529
Tabcorp Holdings Ltd		591,215		912
Telstra Corp Ltd, Cl B		812,514		1,520
Treasury Wine Estates Ltd		113,528		694
Woolworths Group Ltd		24,171		519

				26,659


Austria — 0.4%
Agrana Beteiligungs AG		9,646		172
Erste Group Bank AG		35,620		660
EVN AG		12,019		176
Oberbank AG		594		54
Telekom Austria AG, Cl A		44,848		312
Verbund AG‡		68,698		2,483

				3,857


Belgium — 0.7%
Ageas		100,265		4,127
Colruyt SA		45,802		2,473
KBC Group NV		6,832		311
Proximus SADP		27,596		630

				7,541


Bermuda — 0.9%
Arch Capital Group Ltd*		66,836		1,902
Everest Re Group Ltd		11,284		2,171
RenaissanceRe Holdings Ltd		30,341		4,531

				8,604


Canada — 7.0%
Algonquin Power & Utilities Corp		62,800		836
Argonaut Gold Inc*		94,800		72
Atco Ltd/Canada, Cl I		103,335		2,829
B2Gold Corp		355,577		1,064
Bank of Montreal		109,817		5,483
Barrick Gold Corp		98,500		1,789
BCE Inc		209,450		8,554
Canadian Tire Corp Ltd, Cl A		6,600		394
Canadian Utilities Ltd, Cl A		172,273		4,072
Centerra Gold Inc*		370,402		2,178
CGI Inc, Cl A*		23,100		1,236
Constellation Software Inc/Canada		3,700		3,325
Dundee Precious Metals Inc		142,700		445



Description	Shares		Market Value ($ Thousands)
Emera Inc		63,300	$	2,468
Empire Co Ltd, Cl A		38,100		737
Fairfax Financial Holdings Ltd		11,200		3,395
Franco-Nevada Corp		12,700		1,255
George Weston Ltd		17,621		1,246
Gran Colombia Gold Corp*		17,200		49
Guyana Goldfields Inc*		103,600		20
H&R Real Estate Investment Trust‡		113,400		712
Hydro One Ltd		115,100		2,049
Intact Financial Corp		2,100		179
Kinross Gold Corp*		547,600		2,174
Kirkland Lake Gold Ltd		33,154		965
Loblaw Cos Ltd		87,500		4,460
Metro Inc/CN, Cl A		35,600		1,423
National Bank of Canada		108,200		4,135
OceanaGold Corp*		461,397		438
Osisko Gold Royalties Ltd		187,440		1,383
Parkland Fuel Corp		7,800		136
Quebecor Inc, Cl B		33,700		736
RioCan Real Estate Investment Trust‡		120,900		1,370
Rogers Communications Inc, Cl B		72,200		2,980
Roxgold Inc*		97,300		56
Royal Bank of Canada		35,700		2,186
SEMAFO Inc*		316,909		608
SmartCentres Real Estate Investment Trust‡		30,900		409
SSR Mining Inc*		104,537		1,179
Teranga Gold Corp*		84,990		412
Torex Gold Resources Inc*		102,274		979
Wesdome Gold Mines Ltd*		5,386		28
Yamana Gold Inc		70,565		194

				70,638


Denmark — 0.7%
Carlsberg A/S, Cl B		66,759		7,514


Finland — 0.5%
Elisa Oyj		12,749		788
Kesko Oyj, Cl B		2,661		151
Orion Oyj, Cl B*		88,214		3,582
Sampo Oyj, Cl A		4,918		143

				4,664


France — 1.1%
Engie SA		143,399		1,472
Eutelsat Communications SA		135,278		1,409
SCOR SE		14,804		325
SEB		5,043		628
Veolia Environnement SA		352,556		7,491

				11,325


Germany — 1.3%
adidas AG		301		67
Deutsche Telekom AG*		560,206		7,197
Hannover Rueck SE		4,742		679


1		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

SCHEDULE OF INVESTMENTS

Global Managed Volatility Fund (Continued)

March 31, 2020



Description	Shares		Market Value ($ Thousands)
McKesson Europe AG		874	$	24
METRO AG		225,337		1,924
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen		17,231		3,445
MVV Energie AG		2,427		69

				13,405


Guernsey — 0.6%
Amdocs Ltd		108,249		5,950


Hong Kong — 3.0%
ASM Pacific Technology Ltd		4,100		38
CK Hutchison Holdings Ltd		79,000		530
CK Infrastructure Holdings Ltd		545,500		3,012
CLP Holdings Ltd, Cl B		1,232,656		11,311
Hang Seng Bank Ltd		46,900		800
HK Electric Investments & HK Electric Investments Ltd		1,565,000		1,503
HKT Trust & HKT Ltd		3,977,000		5,396
Langham Hospitality Investments and Langham Hospitality Investments Ltd‡		425,500		76
Miramar Hotel & Investment		49,000		79
MTR Corp Ltd		459,500		2,368
PCCW Ltd		1,634,000		898
Power Assets Holdings Ltd		247,000		1,468
Regal Hotels International Holdings Ltd		310,000		124
Techtronic Industries Co Ltd		199,000		1,281
Vitasoy International Holdings Ltd		258,000		781
Yue Yuen Industrial Holdings Ltd		593,500		908

				30,573


Ireland — 0.1%
Jazz Pharmaceuticals PLC*		3,612		360
Kerry Group PLC, Cl A		3,422		395

				755


Israel — 2.1%
Bank Hapoalim BM		721,199		4,343
Bank Leumi Le-Israel BM		1,671,811		9,249
Bayside Land‡		103		61
Check Point Software Technologies Ltd*		20,050		2,016
Elbit Systems Ltd		12,489		1,610
FIBI Holdings Ltd		1,678		47
Isracard		5		—
Israel Discount Bank Ltd, Cl A		1,212,988		3,596
Isras Investment Co Ltd‡		193		35
Mediterranean Towers Ltd*		19,905		37
Rami Levy Chain Stores Hashikma Marketing 2006 Ltd		624		35

				21,029


Italy — 1.4%
A2A SpA		879,574		1,089
Assicurazioni Generali SpA		382,365		5,191
Enel SpA		293,765		2,040



Description	Shares		Market Value ($ Thousands)
Hera SpA		700,276	$	2,525
Intesa Sanpaolo SpA		1,197,394		1,964
Iren SpA		535,412		1,322
Orsero SpA		4,900		27

				14,158


Japan — 11.5%
ABC-Mart Inc, Cl H		36,200		1,813
Aeon Hokkaido Corp		41,700		284
Ahjikan Co Ltd		2,176		13
Alpen Co Ltd		3,369		50
Aozora Bank Ltd		43,200		817
Araya Industrial Co Ltd		2,600		25
Atsugi Co Ltd		11,750		68
Can Do Co Ltd		4,000		62
C’BON COSMETICS Co Ltd		1,100		21
Chubu Electric Power Co Inc		12,800		181
Chugoku Electric Power Co Inc/The		119,192		1,664
Create Medic Co Ltd		6,200		64
DCM Holdings Co Ltd		44,000		405
DyDo Group Holdings Inc		26,390		888
FALCO HOLDINGS Co Ltd		2,200		36
Fast Retailing Co Ltd		5,700		2,324
Frontier Real Estate Investment Corp‡		166		467
Fujitsu Ltd		9,600		868
Fujiya Co Ltd		19,300		367
Fukuoka REIT Corp‡		101		104
G-7 Holdings Inc, Cl 7		3,034		65
Hitachi Ltd		569		16
Hokkaido Gas Co Ltd		5,200		74
Itochu-Shokuhin Co Ltd		2,003		81
Japan Excellent Inc‡		211		242
Japan Oil Transportation Co Ltd		2,100		52
Japan Post Bank Co Ltd		122,300		1,125
Japan Post Holdings Co Ltd		924,500		7,210
Japan Tobacco Inc		160,200		2,955
Kakaku.com Inc		17,300		317
Kaken Pharmaceutical Co Ltd		800		37
Kakiyasu Honten Co Ltd		6,931		146
Kato Sangyo Co Ltd		29,100		916
KDDI Corp		330,800		9,765
Kenedix Retail REIT Corp‡		165		233
KFC Holdings Japan Ltd		3,510		75
King Jim Co Ltd		13,600		105
Kohnan Shoji Co Ltd		37,946		767
Kyokuyo Co Ltd		5,100		120
KYORIN Holdings Inc		104,700		2,122
Kyushu Electric Power Co Inc		36,500		293
Kyushu Railway Co		49,000		1,403
Marubeni Corp		165,700		821
Medipal Holdings Corp		99,700		1,862
Mitsui & Co Ltd		77,100		1,064
Miyoshi Oil & Fat Co Ltd		16,300		166


2		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

SCHEDULE OF INVESTMENTS

Global Managed Volatility Fund (Continued)

March 31, 2020



Description	Shares		Market Value ($ Thousands)
Mizuho Financial Group Inc		6,311,400	$	7,194
Mochida Pharmaceutical Co Ltd		6,100		235
Mori Trust Sogo Reit Inc‡		308		372
Morozoff Ltd		1,100		53
MS&AD Insurance Group Holdings Inc		62,600		1,743
Musashi Co Ltd		2,400		36
Natori Co Ltd		500		8
Nintendo Co Ltd		3,400		1,310
Nippon BS Broadcasting Corp		1,700		16
Nippon Flour Mills Co Ltd		73,334		1,141
Nippon Kanzai Co Ltd		10,306		169
Nippon Telegraph & Telephone Corp		397,200		9,479
Nisshin Oillio Group Ltd/The		21,352		720
Nissui Pharmaceutical Co Ltd		1,600		18
NJS Co Ltd		2,600		39
NTT DOCOMO Inc		337,100		10,494
Ohsho Food Service Corp		2,105		112
Okinawa Cellular Telephone Co		800		26
Okinawa Electric Power Co Inc/The		66,112		1,212
Ooedo Onsen Reit Investment Corp‡		147		72
Oracle Corp Japan		35,700		3,101
OUG Holdings Inc		3,000		74
Premier Investment Corp‡		401		441
Ricoh Co Ltd		289,800		2,150
San Holdings Inc		3,800		42
Sankyo Co Ltd		13,500		392
Secom Co Ltd		14,500		1,202
SG Holdings Co Ltd		64,000		1,519
Shimamura Co Ltd		12,800		770
Shofu Inc		6,400		104
Showa Sangyo Co Ltd		5,700		170
SKY Perfect JSAT Holdings Inc		20,400		72
Softbank Corp		964,300		12,258
Sony Financial Holdings Inc		40,100		675
SRS Holdings Co Ltd		5,868		49
Star Asia Investment Corp‡		433		342
Starts Proceed Investment Corp, Cl A‡		252		418
Step Co Ltd		4,400		58
Sumitomo Mitsui Financial Group Inc		107,300		2,575
Sundrug Co Ltd		45,500		1,458
Ten Allied Co Ltd*		5,900		21
Toho Holdings Co Ltd		53,700		1,125
Tohoku Electric Power Co Inc		76,700		738
Tokyo Electric Power Co Holdings Inc*		545,400		1,902
Tokyo Theatres Co Inc‡		2,100		22
Tokyu Recreation Co Ltd		800		30
Toyo Suisan Kaisha Ltd		8,800		424
Tsukada Global Holdings Inc		7,400		23
Tsuruha Holdings Inc		17,100		2,256
Unicafe Inc		6,400		50
Vital KSK Holdings Inc		59,400		603
Welcia Holdings		35,000		2,458



Description	Shares		Market Value ($ Thousands)
Wowow Inc		724	$	16
XYMAX REIT Investment Corp‡		129		101
Yamada Denki Co Ltd*		104,400		415
Yashima Denki Co Ltd		713		5
ZOZO Inc		99,800		1,331

				116,392


Luxembourg — 0.0%
SES SA, Cl A		19,198		112


Netherlands — 0.4%
ABN AMRO Bank NV		26,083		214
Koninklijke Ahold Delhaize NV		173,297		4,024

				4,238


New Zealand — 1.7%
a2 Milk Co Ltd*		51,996		523
Argosy Property Ltd‡		271,927		143
Arvida Group Ltd		42,943		32
Auckland International Airport Ltd		111,043		325
Chorus Ltd		15,656		63
Contact Energy Ltd		868,187		2,965
EBOS Group Ltd		18,161		239
Fisher & Paykel Healthcare Corp Ltd		330,959		5,924
Fletcher Building Ltd		541,337		1,112
Goodman Property Trust‡		504,304		634
Kiwi Property Group Ltd‡		733,028		403
Mercury NZ Ltd		302,068		747
Property for Industry Ltd‡		119,612		143
Restaurant Brands New Zealand Ltd		14,611		70
Ryman Healthcare Ltd		27,873		168
Sanford Ltd/NZ		10,470		41
Spark New Zealand Ltd		1,298,783		3,134
Stride Property Group‡		82,207		67
Trustpower Ltd		30,153		115
Vector Ltd		94,500		177
Vital Healthcare Property Trust‡		39,324		54
Warehouse Group Ltd/The		38,887		46

				17,125


Norway — 1.3%
Mowi ASA		50,189		748
Olav Thon Eiendomsselskap ASA‡		1,713		18
Orkla ASA		1,121,457		9,476
Telenet Group Holding NV		15,770		474
Telenor ASA		202,726		2,919

				13,635


Portugal — 0.1%
REN - Redes Energeticas Nacionais SGPS SA		426,813		1,087


Singapore — 1.5%
Ascendas Real Estate Investment Trust‡		76,500		151
ComfortDelGro Corp Ltd		336,800		357
Dairy Farm International Holdings Ltd		108,800		499


3		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

SCHEDULE OF INVESTMENTS

Global Managed Volatility Fund (Continued)

March 31, 2020



Description	Shares		Market Value ($ Thousands)
DBS Group Holdings Ltd		306,400	$	3,958
Fraser and Neave Ltd		20,400		17
IREIT Global‡		88,100		33
Jardine Matheson Holdings Ltd		4,708		239
SATS Ltd		315,400		699
Sheng Siong Group Ltd		719,274		599
Singapore Exchange Ltd		193,600		1,243
Singapore Technologies Engineering Ltd		248,400		541
Singapore Telecommunications Ltd		1,583,000		2,810
SPH REIT‡		526,303		283
Venture Corp Ltd		144,100		1,361
Yangzijiang Shipbuilding Holdings Ltd		3,979,200		2,313

				15,103


Spain — 0.3%
Banco de Sabadell		1,146,766		582
Bankinter SA		76,455		279
Iberdrola SA		177,583		1,745

				2,606


Sweden — 1.8%
Akelius Residential Property, Cl D* ‡		25,756		37
Axfood AB		295,834		6,029
Cibus Nordic Real Estate‡		3,961		46
Husqvarna AB, Cl B		70,454		354
ICA Gruppen AB		236,620		9,929
Swedish Match AB		25,767		1,467
Telia Co AB		76,090		273

				18,135


Switzerland — 5.6%
AEVIS VICTORIA SA		1,870		22
Allreal Holding AG, Cl A‡		17,384		3,207
Baloise Holding AG		3,314		433
Barry Callebaut AG		215		430
BKW AG		15,320		1,258
Chocoladefabriken Lindt & Spruengli AG		440		4,078
Intershop Holding AG‡		178		93
Mobimo Holding AG‡		512		143
Nestle SA		47,235		4,808
Novartis AG		102,623		8,403
Orior AG		749		61
Plazza AG‡		133		38
PSP Swiss Property AG‡		23,968		2,979
Roche Holding AG		32,400		10,439
Sonova Holding AG		19,282		3,443
Swiss Life Holding AG		7,704		2,606
Swiss Prime Site AG‡		25,414		2,483
Swisscom AG		22,636		12,113
Tamedia AG		491		34
Varia US Properties‡		560		23
Zug Estates Holding AG, Cl B‡		3		6

				57,100



Description	Shares		Market Value ($ Thousands)
United Kingdom — 2.3%
Auto Trader Group PLC		345,822	$	1,867
Britvic PLC		516,162		4,452
Diageo PLC		187,565		6,002
Empiric Student Property PLC‡		271,797		223
GCP Student Living PLC‡		100,890		167
Lok’nStore Group PLC‡		3,703		26
National Grid PLC		502,038		5,862
Next PLC, Cl A		5,909		296
Pan African Resources PLC		83,787		10
Secure Income REIT Plc‡		31,630		126
Tate & Lyle PLC		167,707		1,355
Warehouse Reit PLC‡		32,781		37
Wm Morrison Supermarkets PLC		1,212,644		2,659

				23,082


United States — 47.9%

Communication Services — 4.2%
AT&T Inc		369,080		10,759
ATN International Inc		5,459		321
Comcast Corp, Cl A		218,593		7,515
Discovery Inc, Cl A*		19,829		386
Discovery Inc, Cl C*		141,271		2,478
Electronic Arts Inc*		2,143		215
Gannett Co Inc		20,210		30
Interpublic Group of Cos Inc/The		55,585		900
John Wiley & Sons Inc, Cl A		31,339		1,175
Liberty Media Corp-Liberty Braves*		12,900		246
Liberty Media Corp-Liberty SiriusXM*		6,544		207
Marcus Corp/The		24,058		296
MSG Networks Inc*		8,059		82
News Corp, Cl A		258,259		2,318
Omnicom Group Inc		48,405		2,657
Reading International Inc, Cl A*		9,570		37
Scholastic Corp, Cl B		53,176		1,355
Telephone & Data Systems Inc		73,980		1,240
Verizon Communications Inc		184,207		9,897

				42,114


Consumer Discretionary — 4.8%
Acushnet Holdings Corp		45,453		1,169
American Public Education Inc*		2,618		63
America’s Car-Mart Inc/TX*		6,516		367
Churchill Downs Inc		9,567		985
Columbia Sportswear Co		56,136		3,917
Deckers Outdoor Corp*		12,859		1,723
Denny’s Corp, Cl A*		13,674		105
Dollar General Corp		18,966		2,864
Domino’s Pizza Inc		12,453		4,036
Genuine Parts Co		38,308		2,579
Graham Holdings Co, Cl B		3,224		1,100
Haverty Furniture Cos Inc		13,079		155
Home Depot Inc/The		42,718		7,976


4		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

SCHEDULE OF INVESTMENTS

Global Managed Volatility Fund (Continued)

March 31, 2020



Description	Shares		Market Value ($ Thousands)
Johnson Outdoors Inc, Cl A		2,547	$	160
K12 Inc*		12,541		236
McDonald’s Corp		19,353		3,200
NIKE Inc, Cl B		23,264		1,925
NVR Inc*		628		1,613
Perdoceo Education Corp*		24,077		260
Ross Stores Inc		29,304		2,549
Service Corp International/US		61,333		2,399
Target Corp, Cl A		30,804		2,864
TJX Cos Inc/The		97,939		4,682
Ulta Beauty Inc*		11,037		1,939
Yum! Brands Inc		256		18

				48,884


Consumer Staples — 7.9%
Archer-Daniels-Midland Co		29,351		1,033
Campbell Soup Co		4,113		190
Casey’s General Stores Inc		3,598		477
Church & Dwight Co Inc		20,094		1,290
Clorox Co/The		11,659		2,020
Coca-Cola Co/The		214,514		9,492
Coca-Cola European Partners PLC		119,396		4,481
Colgate-Palmolive Co		91,657		6,082
Costco Wholesale Corp		28,412		8,101
Hershey Co/The		36,240		4,802
Inter Parfums Inc		2,427		112
J&J Snack Foods Corp		15,300		1,851
JM Smucker Co/The		15,802		1,754
John B Sanfilippo & Son Inc		10,031		897
Kimberly-Clark Corp		30,832		3,942
Lancaster Colony Corp		21,609		3,126
McCormick & Co Inc/MD		15,002		2,118
PepsiCo Inc		61,748		7,416
Procter & Gamble Co/The		19,016		2,092
Sysco Corp, Cl A		71,368		3,257
USANA Health Sciences Inc*		34,304		1,981
Walmart Inc		102,269		11,620
WD-40 Co		9,756		1,959

				80,093


Financials — 7.8%
1st Source Corp		2,629		85
Aflac Inc		36,842		1,261
AGNC Investment Corp‡		325,638		3,445
American Business Bank*		1,245		27
American Financial Group Inc/OH		42,549		2,982
Ares Commercial Real Estate Corp‡		43,662		305
Associated Banc-Corp		43,921		562
BancFirst Corp		2,033		68
Bancorp Inc/The*		12,704		77
Bank of America Corp		166,278		3,530
Bank of Hawaii Corp		7,255		401
BankFinancial Corp		10,739		95



Description	Shares		Market Value ($ Thousands)
Bankwell Financial Group Inc		905	$	14
Banner Corp		12,595		416
Berkshire Hathaway Inc, Cl B*		8,105		1,482
BlackRock TCP Capital Corp		146,081		913
Blackstone Mortgage Trust Inc, Cl A‡		9,386		175
Boston Private Financial Holdings Inc		6,408		46
Bridge Bancorp Inc		4,420		94
Brookline Bancorp Inc, Cl A		29,777		336
Bryn Mawr Bank Corp		1,455		41
Camden National Corp		4,215		133
Capital City Bank Group Inc		1,376		28
Capitol Federal Financial Inc		25,120		292
Capstead Mortgage Corp‡		34,603		145
Carter Bank & Trust		2,566		24
Cathay General Bancorp		11,229		258
Cboe Global Markets Inc		28,074		2,506
CBTX Inc		7,884		140
Central Pacific Financial Corp		47,503		755
CIT Group Inc		22,374		386
CME Group Inc		9,856		1,704
CNA Financial Corp		12,203		379
Columbia Financial Inc*		32,634		470
Commerce Bancshares Inc/MO		22,837		1,150
ConnectOne Bancorp Inc		8,148		110
CVB Financial Corp		2,852		57
Dime Community Bancshares Inc		18,860		259
Ellington Financial‡		6,587		38
Employers Holdings Inc		10,752		436
Enterprise Financial Services Corp		4,192		117
ESSA Bancorp Inc		1,559		21
Exantas Capital Corp‡		3,592		10
Farmers National Banc Corp		6,864		80
Fidus Investment Corp		10,855		72
Fifth Third Bancorp		59,561		885
Financial Institutions Inc		2,504		45
First Bancorp/Southern Pines NC		8,666		200
First Busey Corp		4,148		71
First Choice Bancorp		1,104		17
First Commonwealth Financial Corp		34,794		318
First Defiance Financial Corp		11,095		164
First Hawaiian Inc		15,552		257
First Interstate BancSystem Inc, Cl A		5,748		166
First Northwest Bancorp		5,208		57
Flagstar Bancorp Inc		28,707		569
FNB Corp/PA		12,123		89
Fulton Financial Corp		15,896		183
German American Bancorp Inc		1,183		33
Globe Life Inc		85,042		6,120
Granite Point Mortgage Trust Inc‡		5,019		25
Great Southern Bancorp Inc		2,430		98
HarborOne Bancorp Inc*		51,049		384
HBT Financial Inc		1,681		18


5		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

SCHEDULE OF INVESTMENTS

Global Managed Volatility Fund (Continued)

March 31, 2020



Description	Shares		Market Value ($ Thousands)
Heartland Financial USA Inc		2,528	$	76
Hilltop Holdings Inc		23,836		360
HomeStreet Inc		2,093		47
HomeTrust Bancshares Inc		9,115		145
Horizon Bancorp Inc/IN		2,948		29
Independent Bank Corp/MI		23,654		304
Invesco Mortgage Capital Inc‡		39,762		136
Investors Bancorp Inc		9,252		74
JPMorgan Chase & Co		31,154		2,805
Kearny Financial Corp/MD		96,044		825
KKR Real Estate Finance Trust Inc‡		47,412		712
Lakeland Bancorp Inc		16,786		181
Lakeland Financial Corp		7,663		282
Lincoln National Corp		157,367		4,142
Loews Corp		51,610		1,798
Macatawa Bank Corp		8,235		59
Mercantile Bank Corp		1,203		25
Meridian Bancorp Inc		32,046		360
MetLife Inc		98,903		3,023
National Bank Holdings Corp, Cl A		7,131		170
National Western Life Group Inc, Cl A		1,518		261
NBT Bancorp Inc		3,677		119
Nelnet Inc, Cl A		446		20
Northfield Bancorp Inc		5,733		64
Northwest Bancshares Inc		167,251		1,935
Oaktree Strategic Income Corp		15,719		87
OceanFirst Financial Corp		3,663		58
PCB Bancorp		4,263		42
PCSB Financial Corp		1,533		21
PennantPark Floating Rate Capital Ltd		583		3
PennyMac Mortgage Investment Trust‡		15,389		163
Peoples Bancorp Inc/OH		5,132		114
Preferred Bank/Los Angeles CA		5,434		184
Provident Financial Services Inc		47,192		607
Prudential Financial Inc		87,087		4,541
Radian Group Inc		60,020		777
Reinsurance Group of America Inc, Cl A		25,854		2,175
Sandy Spring Bancorp Inc		1,387		31
Sierra Bancorp		2,169		38
Solar Capital Ltd		10,261		119
Solar Senior Capital Ltd		2,527		25
South State Corp		1,854		109
Southside Bancshares Inc		1,230		37
Starwood Property Trust Inc‡		218,650		2,241
Stock Yards Bancorp Inc		7,803		226
Territorial Bancorp Inc		3,073		75
Towne Bank/Portsmouth VA		2,993		54
TPG RE Finance Trust Inc‡		13,728		75
TPG Specialty Lending Inc		14,951		208
TriCo Bancshares		8,446		252
TriState Capital Holdings Inc*		2,726		26
TrustCo Bank Corp NY		33,125		179



Description	Shares		Market Value ($ Thousands)
Trustmark Corp		36,740	$	856
UMB Financial Corp		7,096		329
Umpqua Holdings Corp		27,731		302
United Community Banks Inc/GA		18,320		335
Univest Financial Corp		7,915		129
US Bancorp		135,984		4,685
Voya Financial Inc		71,819		2,912
Washington Federal Inc		69,584		1,806
Washington Trust Bancorp Inc		1,200		44
Waterstone Financial Inc		33,141		482
WesBanco Inc		3,455		82
Westamerica Bancorporation		3,138		184
Wintrust Financial Corp		2,825		93
Zions Bancorp NA		27,253		729

				79,011


Health Care — 8.5%
AngioDynamics Inc*		4,790		50
Anika Therapeutics Inc*		1,403		41
Anthem Inc		21,542		4,891
Cerner Corp		28,133		1,772
Chemed Corp		22,030		9,543
Computer Programs & Systems Inc		16,097		358
CONMED Corp		7,333		420
Danaher Corp, Cl A		27,760		3,842
DaVita Inc*		15,931		1,212
DENTSPLY SIRONA Inc		23,689		920
Encompass Health Corp		111,789		7,158
Gilead Sciences Inc		47,936		3,584
Hanger Inc*		17,044		266
HCA Healthcare Inc		27,464		2,468
Henry Schein Inc*		21,636		1,093
Hill-Rom Holdings Inc		9,553		961
Hologic Inc*		31,393		1,102
Humana Inc*		18,995		5,965
Johnson & Johnson		60,852		7,980
Masimo Corp*		17,029		3,016
Medtronic PLC		77,201		6,962
Meridian Bioscience Inc		6,639		56
Mettler-Toledo International Inc*		1,032		713
National HealthCare Corp		13,824		992
NextGen Healthcare Inc*		4,798		50
NuVasive Inc*		3,364		170
Orthofix Medical Inc*		23,077		646
Phibro Animal Health Corp, Cl A		15,377		372
Prestige Consumer Healthcare Inc, Cl A*		54,592		2,002
Quest Diagnostics Inc		41,572		3,338
Select Medical Holdings Corp*		23,567		353
STERIS PLC		21,775		3,048
Universal Health Services Inc, Cl B		84,542		8,376
US Physical Therapy Inc		638		44


6		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

SCHEDULE OF INVESTMENTS

Global Managed Volatility Fund (Continued)

March 31, 2020



Description	Shares		Market Value ($ Thousands)
Varian Medical Systems Inc*		18,756	$	1,925

				85,689


Industrials — 3.5%
Brady Corp, Cl A		40,324		1,820
CBIZ Inc*		4,312		90
CECO Environmental Corp*		3,149		15
Cintas Corp		9,213		1,596
Comfort Systems USA Inc		2,261		83
Copart Inc*		9,046		620
EMCOR Group Inc		8,242		505
Ennis Inc		25,079		471
Herman Miller Inc		31,866		707
HNI Corp		11,873		299
Huron Consulting Group Inc*		2,124		96
Knoll Inc, Cl B		7,389		76
L3Harris Technologies Inc		21,614		3,893
Lockheed Martin Corp		11,823		4,007
McGrath RentCorp		9,491		497
MSA Safety Inc		2,298		233
Northrop Grumman Corp		14,073		4,258
Republic Services Inc		106,378		7,985
Resources Connection Inc		9,345		103
Robert Half International Inc		5,373		203
Steelcase Inc, Cl A		29,982		296
Tetra Tech Inc		2,173		153
TrueBlue Inc*		21,354		272
Waste Management Inc		74,804		6,924

				35,202


Information Technology — 5.5%
ADTRAN Inc		28,376		218
Agilysys Inc*		5,251		88
Benchmark Electronics Inc		4,526		90
Booz Allen Hamilton Holding Corp, Cl A		14,006		961
CACI International Inc, Cl A*		13,693		2,891
Calix Inc*		24,447		173
Ciena Corp*		41,882		1,667
Cisco Systems Inc		205,947		8,096
Citrix Systems Inc		64,024		9,063
CommVault Systems Inc*		8,783		356
CSG Systems International Inc		20,554		860
Daktronics Inc		10,459		52
DocuSign Inc, Cl A*		32,365		2,990
EchoStar Corp, Cl A*		12,931		413
F5 Networks Inc, Cl A*		29,933		3,192
Genpact Ltd		71,177		2,078
Insight Enterprises Inc*		2,844		120
J2 Global Inc		6,567		492
Juniper Networks Inc		135,409		2,592
ManTech International Corp/VA, Cl A		3,749		272
MAXIMUS Inc		19,738		1,149
Microsoft Corp		64,855		10,228



Description	Shares		Market Value ($ Thousands)
MicroStrategy Inc, Cl A*		4,281	$	506
Model N Inc*		3,626		80
Motorola Solutions Inc		8,326		1,107
NetScout Systems Inc*		21,908		519
Oracle Corp, Cl B		41,741		2,017
Paychex Inc		3,770		237
Progress Software Corp		28,688		918
QAD Inc, Cl A		3,186		127
Ribbon Communications Inc*		6,144		19
ScanSource Inc*		3,266		70
SPS Commerce Inc*		5,695		265
Sykes Enterprises Inc*		28,022		760
Synopsys Inc*		4,871		627
Viavi Solutions Inc*		69,574		780

				56,073


Materials — 1.8%
Coeur Mining Inc*		103,262		331
Kaiser Aluminum Corp		14,801		1,025
Materion Corp		41,209		1,443
Newmont Corp		155,494		7,041
Reliance Steel & Aluminum Co		57,596		5,045
Royal Gold Inc, Cl A		37,863		3,321
Silgan Holdings Inc		8,654		251

				18,457


Real Estate — 0.1%
Consolidated-Tomoka Land Co‡		905		41
Equity Commonwealth‡		19,570		621

				662


Utilities — 3.8%
ALLETE Inc		1,628		99
Atlantica Yield plc		9,529		212
Avista Corp		34,613		1,471
Black Hills Corp, Cl A		19,043		1,219
CenterPoint Energy Inc		274,193		4,236
Dominion Energy Inc		42,480		3,067
DTE Energy Co		56,193		5,337
Evergy Inc		37,252		2,051
Exelon Corp		55,297		2,035
Hawaiian Electric Industries Inc		143,007		6,156
IDACORP Inc, Cl A		1,204		106
MDU Resources Group Inc		114,913		2,471
NextEra Energy Inc		13,938		3,354
NorthWestern Corp		21,645		1,295
Otter Tail Corp		1,428		63
Pinnacle West Capital Corp		3,359		254
Portland General Electric Co		26,111		1,252
Southern Co/The		69,066		3,739
Unitil Corp		5,156		270

				38,687

				484,872


7		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

SCHEDULE OF INVESTMENTS

Global Managed Volatility Fund (Continued)

March 31, 2020



Description	Shares		Market Value ($ Thousands)
Total Common Stock (Cost $1,074,842) ($ Thousands)			$	980,159


PREFERRED STOCK — 0.1%

Germany — 0.1%
Bayerische Motoren Werke AG (A)		10,570		448

Total Preferred Stock (Cost $852) ($ Thousands)				448



Description	Shares		Market Value ($ Thousands)
AFFILIATED PARTNERSHIP — 0.1%
SEI Liquidity Fund, L.P. 0.760%* * † (B)		1,338,677	$	1,339

Total Affiliated Partnership (Cost $1,339) ($ Thousands)				1,339


CASH EQUIVALENT — 2.3%
SEI Daily Income Trust, Government Fund, Cl F 0.290%* * †		23,220,524		23,221

Total Cash Equivalent (Cost $23,221) ($ Thousands)				23,221

Total Investments in Securities — 99.3% (Cost $1,100,254) ($ Thousands)			$	1,005,167

A list of the open futures contracts held by the Fund at March 31, 2020, is as follows:



Type of Contract	Number of Contracts Long (Short)		Expiration Date		Notional Amount (Thousands)		Value (Thousands)		Unrealized Appreciation (Depreciation) (Thousands)
Euro STOXX 50		80		Jun-2020	$	2,440	$	2,411	$	(18	)
FTSE 100 Index		17		Jun-2020		1,184		1,188		(20	)
Hang Seng Index		2		May-2020		306		306		1
S&P 500 Index E-MINI		89		Jun-2020		11,627		11,435		(192	)
SPI 200 Index		8		Jun-2020		616		625		2
TOPIX Index		12		Jun-2020		1,526		1,560		14

					$	17,699	$	17,525	$	(213	)

A list of the open forward foreign currency contracts held by the Fund at March 31, 2020, is as follows:



Counterparty	Settlement Date		Currency to Deliver (Thousands)			Currency to Receive (Thousands)			Unrealized Appreciation (Depreciation) (Thousands)
Brown Brothers Harriman		04/27/20		USD	70		DKK	474	$	—
Brown Brothers Harriman		04/27/20		USD	86		SEK	865		1
Brown Brothers Harriman		04/27/20		USD	72		NOK	761		1
Brown Brothers Harriman		04/27/20		USD	94		NOK	982		(1	)
Brown Brothers Harriman		04/27/20		USD	203		SGD	289		—
Brown Brothers Harriman		04/27/20		USD	343		HKD	2,663		—
Brown Brothers Harriman		04/27/20		USD	82		GBP	68		2
Brown Brothers Harriman		04/27/20		USD	282		GBP	227		(1	)
Brown Brothers Harriman		04/27/20		USD	437		AUD	709		(3	)
Brown Brothers Harriman		04/27/20		USD	451		CAD	638		(2	)
Brown Brothers Harriman		04/27/20		USD	574		CHF	550		(4	)
Brown Brothers Harriman		04/27/20		USD	804		EUR	728		(4	)
Brown Brothers Harriman		04/27/20		USD	1,231		JPY	132,872		1
Brown Brothers Harriman		04/27/20		GBP	175		USD	217		—


8		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

SCHEDULE OF INVESTMENTS

Global Managed Volatility Fund (Continued)

March 31, 2020



Counterparty	Settlement Date		Currency to Deliver (Thousands)			Currency to Receive (Thousands)			Unrealized Appreciation (Depreciation) (Thousands)
Brown Brothers Harriman		04/27/20		GBP	9,170		USD	10,811	$	(562	)
Brown Brothers Harriman		04/27/20		SGD	11,665		USD	8,064		(134	)
Brown Brothers Harriman		04/27/20		AUD	1,027		USD	629		1
Brown Brothers Harriman		04/27/20		AUD	23,722		USD	14,140		(379	)
Brown Brothers Harriman		04/27/20		DKK	1,244		USD	184		1
Brown Brothers Harriman		04/27/20		DKK	25,343		USD	3,682		(49	)
Brown Brothers Harriman		04/27/20		CHF	1,284		USD	1,343		13
Brown Brothers Harriman		04/27/20		CHF	26,635		USD	27,264		(314	)
Brown Brothers Harriman		04/27/20		EUR	1,882		USD	2,083		16
Brown Brothers Harriman		04/27/20		EUR	37,698		USD	40,907		(491	)
Brown Brothers Harriman		04/27/20		CAD	4,930		USD	3,488		23
Brown Brothers Harriman		04/27/20		CAD	43,670		USD	30,468		(224	)
Brown Brothers Harriman		04/27/20		NOK	64,657		USD	5,947		(216	)
Brown Brothers Harriman		04/27/20		SEK	73,620		USD	7,250		(190	)
Brown Brothers Harriman		04/27/20		HKD	137,706		USD	17,752		(14	)
Brown Brothers Harriman		04/27/20		JPY	6,328,945		USD	57,018		(1,697	)
Brown Brothers Harriman		04/28/20		USD	234		NZD	390		(3	)
Brown Brothers Harriman		04/28/20		NZD	676		USD	407		6
Brown Brothers Harriman		04/28/20		NZD	16,411		USD	9,546		(176	)

									$	(4,399	)

Percentages are based on Net Assets of $1,012,554 ($ Thousands).

Non-income producing security.

Rate shown is the 7-day effective yield as of March 31, 2020.

‡

Real Estate Investment Trust.

†

Investment in Affiliated Security (see Note 6).

(A)

Certain securities or partial positions of certain securities are on loan at March 31, 2020 (see Note 10). The total market value of securities on loan at March 31, 2020 was $1,338 ($ 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 March 31, 2020 was $1,339 ($ Thousands).

AUD — Australian Dollar

CAD — Canadian Dollar

CBT — Chicago Board of Trade

CHF — Swiss Franc

Cl — Class

DKK — Danish Krone

DN — Discount Note

EUR — Euro

FTSE — Financial Times Stock Exchange

GBP — British Pound Sterling

HKD — Hong Kong Dollar

JPY — Japanese Yen

L.P. — Limited Partnership

Ltd. — Limited

NOK — Norwegian Krone

NZD — New Zealand Dollar

PLC — Public Limited Company

REIT — Real Estate investment Trust

S&P — Standard & Poor’s

SGD — Singapore Dollar

SEK — Swedish Krona

SPI — Share Price Index

THB — Thai Bhat

TOPIX — Tokyo Price Index

USD — U.S. Dollar

The following is a list of the level of inputs used as of March 31, 2020, 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		979,718			441			—		980,159
Preferred Stock		448			—			—		448
Affiliated Partnership		—			1,339			—		1,339
Cash Equivalent		23,221			—			—		23,221

Total Investments in Securities		1,003,387			1,780			—		1,005,167



Other Financial Instruments	Level 1 ($)			Level 2 ($)			Level 3 ($)		Total ($)
Futures Contracts*
Unrealized Appreciation		17			—			—		17
Unrealized Depreciation		(230	)		—			—		(230	)
Forwards Contracts*
Unrealized Appreciation		—			65			—		65
Unrealized Depreciation		—			(4,464	)		—		(4,464	)

Total Other Financial Instruments		(213	)		(4,399	)		—		(4,612	)

Futures contracts and forward contracts are valued at the unrealized appreciation (depreciation) on the instrument.

For the period ended March 31, 2020, there were no transfers in or out of Level 3.

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


9		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

SCHEDULE OF INVESTMENTS

Global Managed Volatility Fund (Concluded)

March 31, 2020

The following is a summary of the Fund’s transactions with affiliates for the period ended March 31, 2020 ($ Thousands):



Security Description	9/30/2019			Purchases at Cost			Proceeds from Sales				Realized Gain/ (Loss)			Change in Unrealized Appreciation/ (Depreciation)			Value 3/31/2020			Shares		Income			Capital Gains
SEI Liquidity Fund, L.P.		$	—		$	1,339		$	—			$	—		$	—		$	1,339		1,338,677		$	—		$	—
SEI Daily Income Trust, Government Fund, Cl F			15,286			94,025			(86,090	)			—			—			23,221		23,220,524			104			—

Totals		$	15,286		$	95,364		$	(86,090	)		$	—		$	—		$	24,560				$	104		$	—

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

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


10		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

SCHEDULE OF INVESTMENTS

Tax-Managed Managed Volatility Fund

March 31, 2020



Description	Shares		Market Value ($ Thousands)
COMMON STOCK — 98.9%

Communication Services — 5.9%
AT&T Inc		68,786	$	2,005
Comcast Corp, Cl A		79,000		2,716
Fox Corp		83,734		1,916
John Wiley & Sons Inc, Cl A		46,309		1,736
Madison Square Garden Co/The*		19,791		4,184
NTT DOCOMO Inc ADR		130,100		4,045
Omnicom Group Inc		67,600		3,711
SK Telecom Co Ltd ADR		129,800		2,112
Take-Two Interactive Software Inc, Cl A*		9,560		1,134
TELUS Corp		231,200		3,614
Verizon Communications Inc		352,878		18,960
Walt Disney Co/The		41,851		4,043

				50,176


Consumer Discretionary — 5.4%
AutoZone Inc*		10,000		8,460
Best Buy Co Inc		10,994		627
Canadian Tire Corp Ltd, Cl A		59,500		3,551
Deckers Outdoor Corp*		3,645		488
Dick’s Sporting Goods Inc		65,205		1,386
Dollar General Corp		13,022		1,967
Dunkin’ Brands Group Inc		9,462		502
Fiat Chrysler Automobiles NV (A)		24,564		177
frontdoor Inc*		48,380		1,683
Graham Holdings Co, Cl B		382		130
Lowe’s Cos Inc		22,700		1,953
McDonald’s Corp		50,713		8,385
NVR Inc*		432		1,110
Target Corp, Cl A		68,000		6,322
Toyota Motor Corp ADR		38,500		4,618
Ulta Beauty Inc*		9,095		1,598
Wyndham Hotels & Resorts Inc		102,249		3,222

				46,179


Consumer Staples — 12.5%
Altria Group Inc		51,646		1,997
Church & Dwight Co Inc		71,391		4,582
Clorox Co/The		23,930		4,146
Coca-Cola Co/The		79,595		3,522
Coca-Cola European Partners PLC		49,400		1,854
Colgate-Palmolive Co		48,828		3,240
Costco Wholesale Corp		23,228		6,623
Hershey Co/The		33,770		4,474
JM Smucker Co/The		8,724		968
Kimberly-Clark Corp		20,902		2,673
Kroger Co/The		124,000		3,735
Lamb Weston Holdings Inc		41,191		2,352
McCormick & Co Inc/MD		44,527		6,288
Metro Inc/CN, Cl A		58,400		2,335
PepsiCo Inc		64,980		7,804
Philip Morris International Inc		34,312		2,504
Procter & Gamble Co/The		21,144		2,326



Description	Shares		Market Value ($ Thousands)
Sanderson Farms Inc		28,200	$	3,478
Sysco Corp, Cl A		102,046		4,656
Tyson Foods Inc, Cl A		183,000		10,590
Walmart Inc		225,208		25,588

				105,735


Energy — 0.7%
EOG Resources Inc		21,901		787
Marathon Petroleum Corp		19,233		454
Valero Energy Corp		66,747		3,028
Williams Cos Inc/The		101,766		1,440

				5,709


Financials — 15.1%
Aflac Inc		112,800		3,862
AGNC Investment Corp‡		236,147		2,498
Allstate Corp/The		65,446		6,003
American Financial Group Inc/OH		41,500		2,908
Arbor Realty Trust Inc‡		257,845		1,264
Arch Capital Group Ltd*		193,014		5,493
Assurant Inc		10,566		1,100
Assured Guaranty Ltd		34,028		878
Axis Capital Holdings Ltd		50,100		1,936
Bank of America Corp		142,312		3,021
Bank of Hawaii Corp		24,099		1,331
Berkshire Hathaway Inc, Cl B*		64,800		11,847
BOK Financial Corp		52,300		2,226
Cboe Global Markets Inc		55,379		4,943
Chimera Investment Corp‡		148,500		1,351
Chubb Ltd		12,399		1,385
CME Group Inc		34,434		5,954
Cullen/Frost Bankers Inc		31,231		1,742
Everest Re Group Ltd		40,465		7,786
Genworth MI Canada Inc		23,900		525
Hanover Insurance Group Inc/The, Cl A		35,590		3,224
JPMorgan Chase & Co		31,600		2,845
Ladder Capital Corp, Cl A‡		171,200		812
LPL Financial Holdings Inc		2,551		139
MarketAxess Holdings Inc		9,637		3,205
MFA Financial Inc‡		389,700		604
MGIC Investment Corp		16,676		106
Morningstar Inc, Cl A		24,595		2,859
National Bank of Canada		54,700		2,090
Popular Inc		156,945		5,493
Progressive Corp/The		115,800		8,551
Regions Financial Corp		111,624		1,001
Reinsurance Group of America Inc, Cl A		9,329		785
RenaissanceRe Holdings Ltd		70,799		10,572
Signature Bank/New York NY, Cl B		33,885		2,724
TFS Financial Corp		102,681		1,568
Travelers Cos Inc/The		83,472		8,293
Virtu Financial Inc, Cl A		63,154		1,315
Voya Financial Inc		13,223		536


1		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

SCHEDULE OF INVESTMENTS

Tax-Managed Managed Volatility Fund (Continued)

March 31, 2020



Description	Shares		Market Value ($ Thousands)
White Mountains Insurance Group Ltd		2,847	$	2,591

				127,366


Health Care — 17.3%
AbbVie Inc		53,300		4,061
AmerisourceBergen Corp, Cl A		14,727		1,303
Amgen Inc, Cl A		16,800		3,406
Anthem Inc		44,047		10,000
AstraZeneca PLC ADR		107,200		4,787
Baxter International Inc		44,469		3,611
Biogen Inc*		3,955		1,251
Bio-Rad Laboratories Inc, Cl A*		3,812		1,336
Bristol-Myers Squibb Co		91,300		5,089
Centene Corp*		3,974		236
Chemed Corp		1,680		728
Covetrus Inc*		181,370		1,476
CVS Health Corp		31,417		1,864
Eli Lilly & Co		95,629		13,266
Hill-Rom Holdings Inc		7,580		763
Hologic Inc*		32,197		1,130
Humana Inc*		32,717		10,274
ICON PLC*		9,514		1,294
Johnson & Johnson		173,142		22,704
Masimo Corp*		11,105		1,967
McKesson Corp		8,957		1,212
Merck & Co Inc		248,556		19,124
Pfizer Inc		603,961		19,713
Premier Inc, Cl A*		41,398		1,355
Quest Diagnostics Inc		50,752		4,075
UnitedHealth Group Inc		35,650		8,890
Zoetis Inc, Cl A		18,364		2,161

				147,076


Industrials — 8.5%
Cummins Inc		23,200		3,140
EMCOR Group Inc		13,365		820
General Dynamics Corp		8,600		1,138
Huntington Ingalls Industries Inc, Cl A		17,300		3,152
L3Harris Technologies Inc		26,704		4,810
Landstar System Inc		11,414		1,094
Lockheed Martin Corp		23,665		8,021
Northrop Grumman Corp		40,237		12,174
Quanta Services Inc		37,697		1,196
Raytheon Co		62,353		8,178
Republic Services Inc		146,100		10,966
Southwest Airlines Co, Cl A		23,251		828
United Airlines Holdings Inc*		9,555		301
United Technologies Corp		50,700		4,782
Waste Management Inc		124,467		11,521

				72,121


Information Technology — 15.7%
Amdocs Ltd		227,100		12,484
Apple Inc		75,762		19,265



Description	Shares		Market Value ($ Thousands)
Aspen Technology Inc*		14,158	$	1,346
Automatic Data Processing Inc		16,382		2,239
Broadridge Financial Solutions Inc		13,234		1,255
Cadence Design Systems Inc*		8,968		592
Cisco Systems Inc		306,400		12,045
Citrix Systems Inc		58,471		8,277
CSG Systems International Inc		37,600		1,574
Intel Corp		307,300		16,631
Intuit Inc		7,373		1,696
Jack Henry & Associates Inc		10,939		1,698
Microsoft Corp		85,745		13,523
Motorola Solutions Inc		87,963		11,692
NetApp Inc		9,091		379
NortonLifeLock Inc		173,514		3,246
Oracle Corp, Cl B		176,000		8,506
Science Applications International Corp		14,671		1,095
Synopsys Inc*		74,285		9,567
Tech Data Corp*		22,200		2,905
Teradyne Inc		15,297		829
VeriSign Inc*		10,747		1,935

				132,779


Materials — 2.5%
AptarGroup Inc		6,262		623
Avery Dennison Corp		31,600		3,219
Kaiser Aluminum Corp		33,600		2,328
LyondellBasell Industries NV, Cl A		7,082		352
Newmont Corp		81,969		3,712
Royal Gold Inc, Cl A		41,229		3,616
Silgan Holdings Inc		110,800		3,216
Sonoco Products Co		98,300		4,556

				21,622


Real Estate — 2.4%
Equity LifeStyle Properties Inc‡		29,390		1,689
Healthpeak Properties Inc‡		178,231		4,251
Medical Properties Trust Inc‡		197,100		3,408
Omega Healthcare Investors Inc‡		128,000		3,397
SBA Communications Corp, Cl A‡		10,367		2,799
VEREIT Inc‡		523,800		2,561
VICI Properties Inc‡		108,580		1,807

				19,912


Utilities — 12.9%
Ameren Corp		74,283		5,410
American Electric Power Co Inc		128,509		10,278
Consolidated Edison Inc		135,022		10,532
Dominion Energy Inc		32,091		2,317
DTE Energy Co		49,835		4,733
Duke Energy Corp		41,536		3,359
Entergy Corp		119,200		11,201
Eversource Energy		92,945		7,269
Exelon Corp		227,300		8,367
FirstEnergy Corp		87,500		3,506


2		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

SCHEDULE OF INVESTMENTS

Tax-Managed Managed Volatility Fund (Continued)

March 31, 2020



Description	Shares		Market Value ($ Thousands)
National Fuel Gas Co		96,748	$	3,608
NextEra Energy Inc		39,553		9,517
Pinnacle West Capital Corp		48,930		3,708
Portland General Electric Co		73,374		3,517
Public Service Enterprise Group Inc		183,544		8,243
Southern Co/The		87,267		4,725
WEC Energy Group Inc		97,840		8,623

				108,913

Total Common Stock (Cost $596,219) ($ Thousands)				837,588



Description	Shares		Market Value ($ Thousands)
AFFILIATED PARTNERSHIP — 0.0%
SEI Liquidity Fund, L.P. 0.760%** † (B)		193,569	$	194

Total Affiliated Partnership (Cost $194) ($ Thousands)				194


CASH EQUIVALENT — 0.6%
SEI Daily Income Trust, Government Fund, Cl F 0.292%** †		5,188,474		5,188

Total Cash Equivalent (Cost $5,188) ($ Thousands)				5,188

Total Investments in Securities — 99.5% (Cost $601,601) ($ Thousands)			$	842,970

A list of the open futures contracts held by the Fund at March 31, 2020, 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		6		Jun-2020	$	730	$	771	$	41

Percentages are based on Net Assets of $847,419 ($ Thousands).

Non-income producing security.

Rate shown is the 7-day effective yield as of March 31, 2020.

†

Investment in Affiliated Security (see Note 6).

‡

Real Estate Investment Trust.

(A)

Certain securities or partial positions of certain securities are on loan at March 31, 2020 (see Note 10). The total market value of securities on loan at March 31, 2020 was $176 ($ 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 March 31, 2020 was $194 ($ Thousands).

ADR — American Depositary Receipt

Cl — Class

L.P. — Limited Partnership

Ltd. — Limited

PLC — Public Limited Company

S&P — Standard & Poor’s

The following is a list of the level of inputs used as of March 31, 2020, 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		837,588		—		—		837,588
Affiliated Partnership		—		194		—		194
Cash Equivalent		5,188		—		—		5,188

Total Investments in Securities		842,776		194		—		842,970



Other Financial Instruments	Level 1 ($)		Level 2 ($)		Level 3 ($)		Total ($)
Futures Contracts*
Unrealized Appreciation		41		—		—		41

Total Other Financial Instruments		41		—		—		41

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

For the period ended March 31, 2020, there were no transfers in or out of Level 3.

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


3		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

SCHEDULE OF INVESTMENTS

Tax-Managed Managed Volatility Fund (Concluded)

March 31, 2020

The following is a summary of the Fund’s transactions with affiliates for the period ended March 31, 2020 ($ Thousands):



Security Description	9/30/2019			Purchases at Cost			Proceeds from Sales				Realized Gain/ (Loss)			Change in Unrealized Appreciation/ (Depreciation)			Value 3/31/2020			Shares		Dividend Income			Capital Gains
SEI Liquidity Fund, L.P.		$	—		$	194		$	—			$	—		$	—		$	194		193,569		$	—		$	—
SEI Daily Income Trust, Government Fund, Cl F			18,322			87,078			(100,212	)			—			—			5,188		5,188,474			158			—

Totals		$	18,322		$	87,272		$	(100,212	)		$	—		$	—		$	5,382				$	158		$	—

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

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


4		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

SCHEDULE OF INVESTMENTS (Unaudited)

Tax-Managed International Managed Volatility Fund

March 31, 2020



Description	Shares		Market Value ($ Thousands)
COMMON STOCK — 92.8%

Australia — 5.9%
Abacus Property Group‡		148,226	$	211
AGL Energy Ltd		275,455		2,860
ASX Ltd		28,356		1,340
Aurizon Holdings Ltd		346,210		896
AusNet Services		156,393		163
Boral Ltd		264,887		329
Brickworks Ltd		48,326		391
Chorus Ltd		31,346		126
Coca-Cola Amatil Ltd		297,185		1,608
Cochlear Ltd		761		87
CSL Ltd		9,329		1,666
Fortescue Metals Group Ltd		19,274		118
Harvey Norman Holdings Ltd		503,838		905
Inghams Group Ltd		397,719		794
IVE Group Ltd		318,056		101
Mirvac Group‡		687,461		873
Newcrest Mining Ltd		20,934		294
Qantas Airways Ltd		243,680		477
Rio Tinto Ltd		4,408		225
Sonic Healthcare Ltd		99,576		1,475
Stockland‡		343,667		530
Telstra Corp Ltd, Cl B		531,102		993
Treasury Wine Estates Ltd		60,921		372
Vita Group		108,085		50
Wesfarmers Ltd		41,051		870
Woolworths Group Ltd		87,584		1,880

				19,634


Austria — 1.1%
CA Immobilien Anlagen AG		7,835		263
Erste Group Bank AG		6,852		127
IMMOFINANZ AG‡		3,937		70
Oesterreichische Post AG		32,313		1,158
Raiffeisen Bank International AG		6,989		102
S IMMO AG‡		9,548		184
Telekom Austria AG, Cl A		81,520		567
UNIQA Insurance Group AG		59,847		464
Verbund AG‡		9,946		359
Vienna Insurance Group AG Wiener Versicherung Gruppe		15,964		296

				3,590


Belgium — 1.9%
Ageas		30,012		1,235
Colruyt SA		59,501		3,213
D’ieteren SA/NV		5,238		259
Proximus SADP		34,663		791
UCB SA, Cl A		8,071		696

				6,194


Canada — 1.8%
Bank of Nova Scotia/The, Cl C		16,392		662
Canadian Imperial Bank of Commerce		22,660		1,305



Description	Shares		Market Value ($ Thousands)
Canadian Tire Corp Ltd, Cl A		11,347	$	677
Loblaw Cos Ltd		18,733		955
TELUS Corp		147,002		2,298

				5,897


Denmark — 2.1%
Carlsberg A/S, Cl B		10,243		1,153
Coloplast A/S, Cl B		10,603		1,532
Danske Bank A/S		78,693		883
Demant A/S*		2,162		48
H Lundbeck A/S, Cl H		7,749		229
Jyske Bank A/S		21,411		530
Novo Nordisk A/S, Cl B		7,318		439
Orsted A/S		7,231		703
Royal Unibrew A/S		5,127		366
RTX A/S		3,573		89
Scandinavian Tobacco Group A/S		64,604		649
Sydbank A/S		20,780		290
United International Enterprises		564		102

				7,013


Finland — 1.6%
Aktia Bank Oyj		40,975		323
Elisa Oyj		24,344		1,504
Kemira Oyj*		53,183		513
Kesko Oyj, Cl B		15,269		864
Orion Oyj, Cl B		32,923		1,337
TietoEVRY Oyj		29,944		650

				5,191


France — 6.2%
BNP Paribas SA		13,984		419
Caisse Regionale de Credit Agricole Mutuel Brie Picardie		6,179		181
Caisse Regionale de Credit Agricole Mutuel de Paris et d’Ile-de-France		985		103
Caisse Regionale de Credit Agricole Mutuel Nord de France		21		1
Caisse Regionale De Credit Agricole Mutuel Toulouse 31		779		101
Cie Generale des Etablissements Michelin SCA		16,585		1,474
Credit Agricole SA		89,882		649
Credit Regionale de Credit Agricole Mutuel Sud Rhone Alpes		459		90
Engie SA		222,681		2,286
Eutelsat Communications SA		83,901		874
Fleury Michon SA		2,999		81
Gecina SA‡		2,260		299
Kaufman & Broad SA		15,387		472
Lagardere SCA		17,677		223
LNA Sante SA		2,819		118
Metropole Television SA		40,347		452
Orange SA		73,097		890


1		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

SCHEDULE OF INVESTMENTS (Unaudited)

Tax-Managed International Managed Volatility Fund (Continued)

March 31, 2020



Description	Shares		Market Value ($ Thousands)
Peugeot SA		21,980	$	291
Sanofi		67,684		5,875
SCOR SE		29,825		655
SEB		3,971		494
Societe BIC SA		17,586		978
Suez		51,485		522
TOTAL SA		32,778		1,248
Veolia Environnement SA		46,993		999
Vivendi SA		26,549		570

				20,345


Germany — 5.2%
Aareal Bank AG		22,866		381
adidas AG		1,170		262
Allianz SE		3,457		592
Aroundtown SA‡		68,135		340
Beiersdorf AG		2,053		208
Deutsche Post AG		3,116		85
Deutsche Telekom AG		128,829		1,655
Hannover Rueck SE		25,075		3,590
Henkel AG & Co KGaA		2,835		209
HOCHTIEF AG		2,869		189
Hornbach Holding AG & Co KGaA		9,444		396
Merck KGaA		25,901		2,639
METRO AG		47,494		405
MTU Aero Engines AG		1,151		167
Muenchener Rueckversicherungs- Gesellschaft AG in Muenchen		17,177		3,434
SAP SE		1,022		113
Siemens Healthineers AG		24,456		959
Sirius Real Estate Ltd‡		87,389		71
Talanx AG		25,604		868
Uniper SE		5,125		125
Vonovia SE‡		5,398		265
Wuestenrot & Wuerttembergische AG		10,109		154

				17,107


Hong Kong — 4.3%
China Motor Bus Co Ltd‡		9,200		142
CK Hutchison Holdings Ltd		352,000		2,360
CK Infrastructure Holdings Ltd		163,000		900
CLP Holdings Ltd, Cl B		155,500		1,427
Dah Sing Banking Group Ltd		418,400		363
HK Electric Investments & HK Electric Investments Ltd		1,743,000		1,674
HKT Trust & HKT Ltd		702,000		952
Hutchison Telecommunications Hong Kong Holdings Ltd		782,000		128
Johnson Electric Holdings Ltd		181,500		286
Kerry Properties Ltd‡		371,500		976
Lee & Man Paper Manufacturing Ltd		697,000		418
Link‡		31,500		266
MTR Corp Ltd		186,000		958



Description	Shares		Market Value ($ Thousands)
New World Development Co Ltd‡		94,000	$	101
Orange Sky Golden Harvest Entertainment Holdings*		2,820,000		99
Pacific Textiles Holdings Ltd		865,000		416
Paliburg Holdings Ltd		632,000		175
PCCW Ltd		1,328,000		730
Power Assets Holdings Ltd		93,500		556
Regal Real Estate Investment Trust‡		417,000		73
Vitasoy International Holdings Ltd		126,000		381
VTech Holdings Ltd		87,000		628
WH Group Ltd		138,500		130

				14,139


Ireland — 0.1%
FBD Holdings		10,464		72
Irish Residential Properties PLC‡		232,290		310

				382


Israel — 1.7%
Albaad Massuot Yitzhak*		8,411		58
Bank Hapoalim BM		222,057		1,337
Bank Leumi Le-Israel BM		57,265		317
Check Point Software Technologies Ltd*		9,290		934
FIBI Holdings Ltd		3,995		113
Globrands Ltd		1,043		94
Isracard		10,978		30
Isras Investment Co Ltd‡		1,037		190
Kerur Holdings Ltd		4,093		99
Mizrahi Tefahot Bank Ltd		76,832		1,438
Nice Ltd*		3,697		545
Oil Refineries Ltd		396,395		109
Paz Oil Co Ltd		3,956		332
Shufersal Ltd		26,493		151

				5,747


Italy — 2.1%
A2A SpA		725,118		897
ACEA SpA		61,104		971
Assicurazioni Generali SpA		33,466		455
Enel SpA		349,777		2,429
Hera SpA		337,822		1,218
Intesa Sanpaolo SpA		92,727		152
Iren SpA		40,709		101
Terna Rete Elettrica Nazionale SpA		118,263		747

				6,970


Japan — 23.7%
ABC-Mart Inc, Cl H		9,600		481
Aeon Co Ltd, Cl H		6,200		137
AEON Investment Corp‡		876		838
Ainavo Holdings Co Ltd		12,200		89
Alfresa Holdings Corp		11,500		212
Aozora Bank Ltd		28,600		541
Arcs Co Ltd		49,100		872


2		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

SCHEDULE OF INVESTMENTS (Unaudited)

Tax-Managed International Managed Volatility Fund (Continued)

March 31, 2020



Description	Shares		Market Value ($ Thousands)
Astellas Pharma Inc		191,600	$	2,957
Bandai Namco Holdings Inc		8,500		411
Biofermin Pharmaceutical Co Ltd		1,600		35
Bridgestone Corp		34,500		1,054
Canon Inc		47,400		1,026
Choushimaru Co Ltd		10,500		99
Chugoku Electric Power Co Inc/The		67,900		948
Chuo Gyorui Co Ltd		4,300		99
COMSYS Holdings Corp		9,900		254
Daiichi Kensetsu Corp		7,200		114
Daiichi Sankyo Co Ltd		2,500		171
Daiki Aluminium Industry Co Ltd		26,000		138
Daiohs Corp		3,400		32
Dairei Co Ltd		6,300		103
DCM Holdings Co Ltd		173,900		1,601
Ebara Foods Industry Inc		4,700		94
EDION Corp		63,800		526
EMS-Chemie Holding AG		1,134		710
FJ Next Co Ltd		16,100		121
FUJIFILM Holdings Corp		42,000		2,103
Fujitsu Ltd		6,300		569
Furyu Corp		11,500		88
Gakkyusha Co Ltd		8,400		90
Gourmet Kineya Co Ltd		10,000		90
Hiroshima Gas Co Ltd		31,400		104
Hokkaido Gas Co Ltd		9,800		140
Honda Motor Co Ltd		33,900		759
Hoya Corp		1,500		127
Inaba Denki Sangyo Co Ltd		46,000		982
ITOCHU Corp		105,500		2,170
Itochu Enex Co Ltd		82,600		642
Iwatani Corp		3,100		103
Japan Airlines Co Ltd		47,400		860
Japan Post Bank Co Ltd		82,200		756
Japan Post Holdings Co Ltd		280,900		2,191
Japan Post Insurance		32,900		404
Japan Prime Realty Investment Corp, Cl A‡		190		572
Japan Rental Housing Investments Inc‡		1,036		874
Japan Tobacco Inc		52,900		976
JXTG Holdings Inc		323,000		1,095
Kadoya Sesame Mills Inc		2,600		88
Kaken Pharmaceutical Co Ltd		22,900		1,058
Kamigumi Co Ltd		46,000		775
Kaneka Corp		9,100		217
Kato Sangyo Co Ltd		8,700		274
KDDI Corp		154,900		4,572
Keihanshin Building Co Ltd‡		19,000		235
Keiyo Co Ltd		78,100		356
Kinden Corp		18,800		277
Kohnan Shoji Co Ltd		5,100		103
Komeri Co Ltd		12,100		216
K’s Holdings Corp		7,500		71



Description	Shares		Market Value ($ Thousands)
Kurimoto Ltd		7,200	$	126
Kyokuyo Co Ltd		3,800		89
KYORIN Holdings Inc		17,100		347
Kyowa Exeo Corp		12,800		284
LIXIL VIVA Corp		10,200		173
Marubeni Corp		82,000		406
Matsumotokiyoshi Holdings Co Ltd		2,900		105
McDonald’s Holdings Co Japan Ltd		17,200		773
Medipal Holdings Corp		44,900		839
Mitsubishi Corp		6,900		146
Mitsubishi Shokuhin Co Ltd		31,100		798
Mitsubishi UFJ Financial Group Inc		69,000		255
Mitsui & Co Ltd		75,400		1,041
Miyoshi Oil & Fat Co Ltd		10,200		104
Mizuho Financial Group Inc		2,812,800		3,206
Mochida Pharmaceutical Co Ltd		5,300		204
MS&AD Insurance Group Holdings Inc		18,000		501
NHK Spring Co Ltd		62,600		406
Nichi-iko Pharmaceutical Co Ltd		16,000		210
Nippo Corp		49,900		1,094
Nippon Building Fund Inc‡		103		688
Nippon Flour Mills Co Ltd		42,700		664
Nippon Kanzai Co Ltd		5,800		95
Nippon Telegraph & Telephone Corp		217,500		5,191
Nisshin Oillio Group Ltd/The		26,900		907
Nitto Fuji Flour Milling Co Ltd		4,000		214
NTT DOCOMO Inc		95,000		2,957
Ohsho Food Service Corp		1,700		91
Okinawa Cellular Telephone Co		3,100		103
Okinawa Electric Power Co Inc/The		11,287		207
Ootoya Holdings Co Ltd		11,000		194
ORIX		81,800		972
Otsuka Corp		14,600		618
OUG Holdings Inc		8,700		216
Paris Miki Holdings Inc		37,100		85
Proto Corp		12,200		97
Resona Holdings Inc		21,300		64
Ricoh Co Ltd		69,200		513
Sankyo Co Ltd		9,600		279
Sawai Pharmaceutical Co Ltd		3,100		165
Seiko Epson Corp		34,000		366
Sekisui House Ltd		35,900		591
Seven & i Holdings Co Ltd		7,200		239
Shibusawa Warehouse Co Ltd/The		7,200		134
Shimamura Co Ltd		6,900		415
Shin-Keisei Electric Railway Co Ltd		4,800		97
Shionogi & Co Ltd		5,300		260
Softbank Corp		131,400		1,670
SPK Corp		9,000		104
Sugi Holdings Co Ltd		2,300		123
Sumitomo Mitsui Financial Group Inc		41,200		989
Sumitomo Mitsui Trust Holdings Inc		9,200		264


3		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

SCHEDULE OF INVESTMENTS (Unaudited)

Tax-Managed International Managed Volatility Fund (Continued)

March 31, 2020



Description	Shares		Market Value ($ Thousands)
Sumitomo Osaka Cement Co Ltd		24,800	$	731
Sundrug Co Ltd		5,400		173
Suzuken Co Ltd/Aichi Japan		21,200		768
Teijin Ltd		110,000		1,855
Toho Holdings Co Ltd		50,200		1,051
Tokyo Electric Power Co Holdings Inc*		76,900		268
Tokyo Gas Co Ltd		5,800		137
Towa Pharmaceutical		4,300		90
Toyota Motor Corp		27,400		1,643
Tsuruha Holdings Inc		4,400		580
Vital KSK Holdings Inc		10,400		106
Welcia Holdings		6,800		478
West Japan Railway Co		21,900		1,492
Yasuda Logistics Corp		19,800		154
Yellow Hat Ltd		11,200		154
Yuasa Funashoku Co Ltd		4,560		127
Zaoh Co Ltd		8,700		110

				78,196


Luxembourg — 0.0%
Addiko Bank*		6,693		61


Netherlands — 2.3%
ASR Nederland NV		10,035		251
Heineken NV		3,040		252
Koninklijke Ahold Delhaize NV		193,274		4,488
Koninklijke KPN NV		196,377		466
NN Group NV		66,238		1,760
Signify NV		15,798		302

				7,519


New Zealand — 1.9%
a2 Milk Co Ltd*		33,073		333
Auckland International Airport Ltd		132,828		388
Chorus Ltd		57,800		235
Contact Energy Ltd		112,152		383
Fisher & Paykel Healthcare Corp Ltd		102,485		1,835
Fletcher Building Ltd		185,599		381
Freightways Ltd		29,964		97
Goodman Property Trust‡		149,541		188
Mercury NZ Ltd		287,067		709
Meridian Energy Ltd		178,125		425
Ryman Healthcare Ltd		42,791		258
Sanford Ltd/NZ		24,931		97
Spark New Zealand Ltd		91,414		221
Stride Property Group‡		69,032		56
Warehouse Group Ltd/The		97,101		115
Z Energy Ltd		236,990		405

				6,126


Norway — 1.2%
Austevoll Seafood ASA		41,885		292
DNB ASA, Cl A		27,672		307
Mowi ASA		67,710		1,009



Description	Shares		Market Value ($ Thousands)
Olav Thon Eiendomsselskap ASA‡		5,906	$	63
Orkla ASA		106,449		900
SpareBank 1 BV		25,754		85
SpareBank 1 SR-Bank		12,915		73
Sparebanken Sor		7,382		60
Telenet Group Holding NV		7,705		232
Telenor ASA		59,184		852

				3,873


Portugal — 0.1%
REN - Redes Energeticas Nacionais SGPS SA		86,292		220


Singapore — 3.3%
Ascott Residence Trust‡		542,274		300
CapitaLand Commercial Trust‡		345,700		370
CapitaLand Mall Trust‡		617,200		772
Dairy Farm International Holdings Ltd		57,100		262
DBS Group Holdings Ltd		167,700		2,166
Great Eastern Holdings Ltd		15,400		192
Ho Bee Land Ltd‡		60,400		84
Jardine Matheson Holdings Ltd		1,900		96
Mapletree Commercial Trust‡		380,000		485
Mapletree Industrial Trust‡		103,900		175
Mapletree Logistics Trust‡		224,370		247
Olam International Ltd		78,000		78
Oversea-Chinese Banking Corp Ltd		251,300		1,517
Sheng Siong Group Ltd		241,900		201
Singapore Exchange Ltd		151,000		970
Singapore Technologies Engineering Ltd		138,600		302
Singapore Telecommunications Ltd		231,700		411
SPH‡		284,000		153
Suntec Real Estate Investment Trust‡		588,300		515
United Industrial Corp Ltd‡		50,700		76
United Overseas Bank Ltd		44,100		599
UOL Group Ltd‡		26,200		121
Venture Corp Ltd		12,600		119
Wilmar International Ltd		327,400		741

				10,952


Spain — 2.8%
Cia de Distribucion Integral Logista Holdings SA		28,226		452
Ebro Foods SA		73,833		1,503
Endesa SA		164,032		3,487
Grifols SA		7,469		254
Iberdrola SA		270,052		2,654
Red Electrica Corp SA		47,035		842

				9,192


Sweden — 2.4%
Axfood AB		54,195		1,105
Epiroc AB, Cl B		21,001		207
Essity AB, Cl B		35,785		1,101
ICA Gruppen AB		64,209		2,694


4		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

SCHEDULE OF INVESTMENTS (Unaudited)

Tax-Managed International Managed Volatility Fund (Continued)

March 31, 2020



Description	Shares		Market Value ($ Thousands)
JM AB		5,581	$	97
KNOW IT AB		10,862		148
Nyfosa AB* ‡		18,745		94
Resurs Holding AB		142,070		487
Samhallsbyggnadsbolaget i Norden‡		93,792		179
Svenska Cellulosa AB SCA, Cl B		21,139		211
Swedish Match AB		29,845		1,699

				8,022


Switzerland — 11.0%
Alcon Inc*		3,374		172
Allreal Holding AG, Cl A‡		1,266		234
ALSO Holding AG		1,128		178
Baloise Holding AG		9,525		1,244
Banque Cantonale Vaudoise		135		111
Barry Callebaut AG		195		390
Basellandschaftliche Kantonalbank		311		277
Basler Kantonalbank, Cl H		1,334		89
Berner Kantonalbank AG		473		103
BKW AG		15,994		1,313
Chocoladefabriken Lindt & Spruengli AG		112		939
Emmi AG		110		100
Flughafen Zurich AG		4,616		518
Geberit AG		1,400		610
Helvetia Holding AG		9,739		838
Idorsia Ltd*		3,040		78
Intershop Holding AG‡		203		106
Landis+Gyr Group AG		8,863		608
Mobimo Holding AG‡		699		195
Nestle SA		12,599		1,282
Novartis AG		16,871		1,381
Orior AG		2,561		208
PSP Swiss Property AG‡		6,521		811
Roche Holding AG		27,828		8,966
Romande Energie Holding SA		76		83
Schindler Holding AG		3,621		787
SGS SA, Cl B		470		1,088
Sika AG		2,966		489
Sonova Holding AG		5,385		962
Swiss Life Holding AG		7,876		2,664
Swiss Prime Site AG‡		18,140		1,772
Swiss Re AG		11,970		917
Swisscom AG		4,303		2,302
Tamedia AG		2,186		154
Thurgauer Kantonalbank		927		95
Valiant Holding AG		6,593		526
Valora Holding AG		485		85
Vaudoise Assurances Holding SA		204		94
Zurich Insurance Group AG		10,402		3,652

				36,421


United Kingdom — 9.5%
3i Group PLC		42,618		415



Description	Shares		Market Value ($ Thousands)
AEW UK REIT PLC‡		89,285	$	75
AstraZeneca PLC		2,294		206
Auto Trader Group PLC		65,351		353
BAE Systems PLC		313,727		2,020
Berkeley Group Holdings PLC		7,451		332
BP PLC		281,858		1,174
Britvic PLC		51,774		447
BT Group PLC, Cl A		1,411,709		2,045
CareTech Holdings PLC		22,562		106
Carnival PLC		19,386		233
Cello Health PLC		77,483		108
Coca-Cola HBC AG		11,912		255
Computacenter PLC		9,059		161
Craneware PLC		4,479		106
Cranswick PLC		2,824		129
Diageo PLC		29,913		957
Finsbury Food Group PLC		102,691		78
GCP Student Living PLC‡		52,530		87
GlaxoSmithKline PLC		249,825		4,700
Greggs PLC		7,203		144
Halfords Group PLC		52,193		45
Headlam Group PLC		10,433		40
HSBC Holdings PLC		216,176		1,212
Imperial Brands PLC		78,021		1,440
Inchcape PLC		135,748		724
J Sainsbury PLC		353,648		919
Kingfisher PLC		266,578		470
Legal & General Group PLC		377,130		893
Mondi PLC		35,077		591
National Express Group PLC		386,792		983
National Grid PLC		44,069		515
Next PLC, Cl A		8,235		412
QinetiQ Group PLC		414,692		1,654
Real Estate Credit Investments		44,783		64
Secure Income PLC‡		44,693		178
Shoe Zone PLC		72,369		75
Smith & Nephew PLC		15,147		268
SSE PLC		42,500		687
Tate & Lyle PLC		298,171		2,410
Telecom Plus PLC		20,443		314
Tesco PLC		52,265		147
Total Produce PLC		85,977		80
Unilever PLC		17,242		869
Vodafone Group PLC		421,748		584
Wm Morrison Supermarkets PLC		715,189		1,568

				31,273


United States — 0.6%
Atlantica Yield plc		36,284		809
Coca-Cola European Partners PLC		20,750		779
KLA Corp		435		62


5		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

SCHEDULE OF INVESTMENTS (Unaudited)

Tax-Managed International Managed Volatility Fund (Continued)

March 31, 2020



Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Taro Pharmaceutical Industries Ltd*		4,069	$	249

				1,899

Total Common Stock (Cost $321,086) ($ Thousands)				305,963


CASH EQUIVALENT — 4.9%
SEI Daily Income Trust, Government Fund, Cl F 0.290%** †		16,087,856		16,088

Total Cash Equivalent (Cost $16,088) ($ Thousands)				16,088

Total Investments in Securities — 97.7% (Cost $337,174) ($ Thousands)			$	322,051

A list of the open futures contracts held by the Fund at March 31, 2020, is as follows:



Type of Contract	Number of Contracts Long (Short)		Expiration Date		Notional Amount (Thousands)		Value (Thousands)		Unrealized Appreciation (Thousands)
Euro STOXX 50		160		Jun-2020	$	4,503	$	4,823	$	333
FTSE 100 Index		33		Jun-2020		2,161		2,306		138
Hang Seng Index		2		May-2020		306		306		—
SPI 200 Index		17		Jun-2020		1,240		1,329		73
TOPIX Index		25		Jun-2020		3,167		3,249		84

					$	11,377	$	12,013	$	628


6		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

SCHEDULE OF INVESTMENTS (Unaudited)

Tax-Managed International Managed Volatility Fund (Concluded)

March 31, 2020

Percentages are based on Net Assets of $329,753 ($ Thousands).

Non-income producing security.

Rate shown is the 7-day effective yield as of March 31, 2020.

‡

Real Estate Investment Trust.

†

Investment in Affiliated Security (see Note 6).

Cl — Class

FTSE — Financial Times and Stock Exchange

PLC — Public Limited Company

SPI — Share Price Index

TPOIX — Tokyo Price Index

The following is a list of the level of inputs used as of March 31, 2020, 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		305,891		72		–		305,963
Cash Equivalent		16,088		–		–		16,088

Total Investments in Securities		321,979		72		–		322,051



Other Financial Instruments	Level 1 ($)		Level 2 ($)		Level 3 ($)		Total ($)
Futures Contracts*
Unrealized Appreciation		628		—		—		628

Total Other Financial Instruments		628		—		—		628

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

For the period ended March 31, 2020, there were no transfers in or out of Level 3.

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 period ended March 31, 2020 ($ Thousands):



Security Description	Value 9/30/2019			Purchases at Cost			Proceeds from Sales				Realized Gain/ (Loss)			Change in Unrealized Appreciation/ (Depreciation)			Value 3/31/2020			Shares		Income			Capital Gains
SEI Daily Income Trust, Government Fund, Cl F		$	9,481		$	25,281		$	(18,674	)		$	-		$	-		$	16,088		16,087,856		$	53		$	-

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

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


7		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

SCHEDULE OF INVESTMENTS (Unaudited)

Real Estate Fund

March 31, 2020



Description	Shares		Market Value ($ Thousands)
COMMON STOCK — 99.0%

Real Estate — 99.0%
American Assets Trust Inc‡		14,840	$	371
American Campus Communities Inc‡		19,541		542
American Homes 4 Rent, Cl A‡		25,197		585
American Tower Corp, Cl A‡		14,140		3,079
Americold Realty Trust‡		20,440		696
Apartment Investment & Management Co, Cl A‡		36,324		1,277
Apple Hospitality REIT Inc*‡		24,461		224
AvalonBay Communities Inc‡		10,930		1,609
Boston Properties Inc‡		18,150		1,674
Brixmor Property Group Inc‡		62,540		594
Camden Property Trust‡		7,270		576
Columbia Property Trust Inc‡		93,617		1,170
CoreSite Realty Corp‡		5,650		655
Cousins Properties Inc‡		51,367		1,503
CubeSmart^‡		24,711		662
CyrusOne Inc‡		30,690		1,895
DiamondRock Hospitality Co*‡		47,350		241
Digital Realty Trust Inc, Cl A‡		16,450		2,285
Diversified Healthcare Trust‡		123,330		448
Douglas Emmett Inc‡		43,130		1,316
Duke Realty Corp‡		11,050		358
Empire State Realty Trust Inc, Cl A‡		112,816		1,011
Equinix Inc‡		14,040		8,769
Equity Residential‡		72,736		4,489
Essex Property Trust Inc‡		10,018		2,206
Extra Space Storage Inc‡		28,420		2,721
First Industrial Realty Trust Inc‡		33,869		1,125
Healthcare Realty Trust Inc‡		10,770		301
Healthcare Trust of America Inc, Cl A‡		10,620		258
Healthpeak Properties Inc‡		161,770		3,858
Highwoods Properties Inc‡		20,557		728
Host Hotels & Resorts Inc‡		100,320		1,108
Hudson Pacific Properties Inc‡		8,780		223
Hyatt Hotels Corp, Cl A		9,900		474
Invitation Homes Inc‡		150,797		3,223
Iron Mountain Inc‡		18,980		452



Description	Shares		Market Value ($ Thousands)
JBG SMITH Properties‡		74,323	$	2,366
Kilroy Realty Corp‡		28,770		1,833
Life Storage Inc‡		13,176		1,246
Mid-America Apartment Communities Inc‡		10,350		1,066
NexPoint Residential Trust Inc‡		15,000		378
Park Hotels & Resorts Inc‡		20,740		164
Prologis Inc‡		93,430		7,509
PS Business Parks Inc‡		2,341		317
Public Storage‡		16,278		3,233
Regency Centers Corp‡		4,570		176
Retail Opportunity Investments Corp‡		113,250		939
Retail Properties of America Inc, Cl A‡		183,760		950
Rexford Industrial Realty Inc‡		29,490		1,209
RLJ Lodging Trust‡		44,975		347
Sabra Health Care REIT Inc‡		91,880		1,003
SBA Communications Corp, Cl A‡		4,700		1,269
Simon Property Group Inc‡		23,110		1,268
SL Green Realty Corp‡		7,990		344
STAG Industrial Inc‡		60,653		1,366
Sun Communities Inc‡		21,547		2,690
Sunstone Hotel Investors Inc‡		81,750		712
UDR Inc‡		55,595		2,031
Urban Edge Properties‡		83,690		737
Ventas Inc‡		101,754		2,727
VEREIT Inc‡		177,790		869

Total Common Stock (Cost $93,133) ($ Thousands)				89,455

CASH EQUIVALENT — 1.3%
SEI Daily Income Trust, Government Fund, Cl F 0.290%** †		1,144,991		1,145

Total Cash Equivalent (Cost $1,145) ($ Thousands)				1,145

Total Investments in Securities — 100.3% (Cost $94,278) ($ Thousands)			$	90,600

Percentages are based on Net Assets of $90,352 ($ Thousands).

Rate shown is the 7-day effective yield as of March 31, 2020.

‡

Real Estate Investment Trust.

†

Investment in Affiliated Security (see Note 6).

Cl — Class

As of March 31, 2020, 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 period ended March 31, 2020, there were no transfers in or out of Level 3.

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


1		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

SCHEDULE OF INVESTMENTS (Unaudited)

Real Estate Fund (Concluded)

March 31, 2020

The following is a summary of the Fund’s transactions with affiliates for the period ended March 31, 2020 ($ Thousands):



Security Description	Value 9/30/2019			Purchases at Cost			Proceeds from Sales				Realized Gain/ (Loss)			Change in Unrealized Appreciation/ (Depreciation)			Value 3/31/2020			Shares		Income			Capital Gains
SEI Daily Income Trust, Government Fund, Cl F		$	1,838		$	26,249		$	(26,942	)		$	—		$	—		$	1,145		1,144,991		$	24		$	—

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

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


2		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)

Dynamic Asset Allocation Fund

March 31, 2020



Description	Shares		Market Value ($ Thousands)
COMMON STOCK — 89.5%

Communication Services — 9.6%
Activision Blizzard Inc		20,300	$	1,207
Alphabet Inc, Cl A*		7,969		9,260
Alphabet Inc, Cl C*		7,956		9,251
AT&T Inc		193,503		5,640
CenturyLink Inc		25,357		240
Charter Communications Inc, Cl A*		4,100		1,789
Comcast Corp, Cl A		120,180		4,132
Discovery Inc, Cl A*		4,529		88
Discovery Inc, Cl C*		9,485		166
DISH Network Corp, Cl A*		7,273		145
Electronic Arts Inc*		7,828		784
Facebook Inc, Cl A*		63,771		10,637
Fox Corp		13,653		319
Interpublic Group of Cos Inc/The		9,997		162
Live Nation Entertainment Inc*		3,600		164
Netflix Inc*		11,620		4,363
News Corp, Cl A		11,130		100
News Corp, Cl B		4,100		37
Omnicom Group Inc		5,669		311
Take-Two Interactive Software Inc, Cl A*		3,000		356
T-Mobile US Inc*		8,400		705
Twitter Inc*		20,600		506
Verizon Communications Inc		109,598		5,889
ViacomCBS Inc, Cl B		13,920		195
Walt Disney Co/The		47,750		4,613

				61,059


Consumer Discretionary — 8.8%
Advance Auto Parts Inc		1,794		167
Amazon.com Inc, Cl A*		11,082		21,607
Aptiv PLC		6,641		327
AutoZone Inc*		625		529
Best Buy Co Inc		5,978		341
Booking Holdings Inc*		1,084		1,458
BorgWarner Inc		5,801		141
Capri Holdings Ltd*		4,328		47
CarMax Inc*		4,256		229
Carnival Corp		10,280		135
Chipotle Mexican Grill Inc, Cl A*		623		408
Darden Restaurants Inc		3,434		187
Dollar General Corp		6,773		1,023
Dollar Tree Inc*		6,285		462
DR Horton Inc		8,786		299
eBay Inc		20,347		612
Expedia Group Inc		3,615		203
Ford Motor Co		103,376		499
Gap Inc/The		6,298		44
Garmin Ltd		3,804		285
General Motors Co		33,477		696
Genuine Parts Co		3,804		256
H&R Block Inc		5,310		75
Hanesbrands Inc		9,067		71



Description	Shares		Market Value ($ Thousands)
Harley-Davidson Inc, Cl A		4,055	$	77
Hasbro Inc		3,498		250
Hilton Worldwide Holdings Inc		7,400		505
Home Depot Inc/The		28,882		5,393
Kohl’s Corp		4,327		63
L Brands Inc		6,208		72
Las Vegas Sands Corp		8,900		378
Leggett & Platt Inc		3,665		98
Lennar Corp, Cl A		7,274		278
LKQ Corp*		8,600		176
Lowe’s Cos Inc		20,245		1,742
Macy’s Inc		8,130		40
Marriott International Inc/MD, Cl A		7,251		542
McDonald’s Corp		19,907		3,292
MGM Resorts International		13,200		156
Mohawk Industries Inc*		1,658		126
Newell Brands Inc, Cl B		10,313		137
NIKE Inc, Cl B		32,938		2,725
Nordstrom Inc		2,966		46
Norwegian Cruise Line Holdings Ltd*		6,100		67
NVR Inc*		90		231
O’Reilly Automotive Inc*		2,012		606
PulteGroup Inc		7,043		157
PVH Corp		2,020		76
Ralph Lauren Corp, Cl A		1,360		91
Ross Stores Inc		9,649		839
Royal Caribbean Cruises Ltd		4,410		142
Starbucks Corp		31,357		2,061
Tapestry Inc		7,734		100
Target Corp, Cl A		13,384		1,244
Tiffany & Co		2,798		362
TJX Cos Inc/The		32,176		1,538
Tractor Supply Co		3,046		258
Ulta Beauty Inc*		1,500		264
Under Armour Inc, Cl A*		5,846		54
Under Armour Inc, Cl C*		5,581		45
VF Corp		8,640		467
Whirlpool Corp		1,609		138
Wynn Resorts Ltd		2,517		152
Yum! Brands Inc		7,997		548

				55,637


Consumer Staples — 7.0%
Altria Group Inc		49,569		1,917
Archer-Daniels-Midland Co		14,841		522
Brown-Forman Corp, Cl B		4,785		266
Campbell Soup Co		4,672		216
Church & Dwight Co Inc		6,500		417
Clorox Co/The		3,322		575
Coca-Cola Co/The		102,082		4,517
Colgate-Palmolive Co		22,748		1,510
Conagra Brands Inc		12,792		375
Constellation Brands Inc, Cl A		4,470		641


1		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)

Dynamic Asset Allocation Fund (Continued)

March 31, 2020



Description	Shares		Market Value ($ Thousands)
Costco Wholesale Corp		11,676	$	3,329
Coty Inc, Cl A		8,233		42
Estee Lauder Cos Inc/The, Cl A		5,944		947
General Mills Inc		16,141		852
Hershey Co/The		3,886		515
Hormel Foods Corp		7,316		341
JM Smucker Co/The		3,004		333
Kellogg Co		6,594		395
Kimberly-Clark Corp		9,077		1,161
Kraft Heinz Co/The		16,400		406
Kroger Co/The		21,448		646
Lamb Weston Holdings Inc		3,800		217
McCormick & Co Inc/MD		3,214		454
Molson Coors Beverage Co, Cl B		5,224		204
Mondelez International Inc, Cl A		38,153		1,911
Monster Beverage Corp*		10,165		572
PepsiCo Inc		37,040		4,448
Philip Morris International Inc		41,137		3,001
Procter & Gamble Co/The		66,109		7,272
Sysco Corp, Cl A		13,543		618
Tyson Foods Inc, Cl A		7,775		450
Walgreens Boots Alliance Inc		20,107		920
Walmart Inc		37,676		4,281

				44,271


Energy — 2.4%
Apache Corp		10,401		43
Baker Hughes Co, Cl A		16,815		177
Cabot Oil & Gas Corp		11,298		194
Chevron Corp		50,026		3,625
Concho Resources Inc		5,200		223
ConocoPhillips		29,286		902
Devon Energy Corp		11,226		78
Diamondback Energy Inc, Cl A		4,500		118
EOG Resources Inc		15,427		554
Exxon Mobil Corp		112,000		4,253
Halliburton Co		24,942		171
Helmerich & Payne Inc		2,943		46
Hess Corp		6,774		226
HollyFrontier Corp		4,200		103
Kinder Morgan Inc/DE		51,914		723
Marathon Oil Corp		22,792		75
Marathon Petroleum Corp		17,050		403
National Oilwell Varco Inc, Cl A		10,730		105
Noble Energy Inc		13,437		81
Occidental Petroleum Corp		23,328		270
ONEOK Inc		10,754		234
Phillips 66		11,799		633
Pioneer Natural Resources Co		4,292		301
Schlumberger Ltd, Cl A		36,837		497
TechnipFMC PLC		11,613		78
Valero Energy Corp		10,897		494



Description	Shares		Market Value ($ Thousands)
Williams Cos Inc/The		31,846	$	451

				15,058


Financials — 9.7%
Aflac Inc		19,518		668
Allstate Corp/The		8,612		790
American Express Co		17,813		1,525
American International Group Inc		23,105		560
Ameriprise Financial Inc		3,317		340
Aon PLC/UK		6,209		1,025
Arthur J Gallagher & Co		4,900		399
Assurant Inc		1,682		175
Bank of America Corp		214,345		4,550
Bank of New York Mellon Corp/The		22,443		756
Berkshire Hathaway Inc, Cl B*		51,830		9,476
BlackRock Inc		3,115		1,371
Capital One Financial Corp		12,315		621
Cboe Global Markets Inc		2,900		259
Charles Schwab Corp/The		30,135		1,013
Chubb Ltd		11,966		1,337
Cincinnati Financial Corp		3,993		301
Citigroup Inc		57,745		2,432
Citizens Financial Group Inc		11,200		211
CME Group Inc		9,548		1,651
Comerica Inc		4,073		120
Discover Financial Services		8,146		291
E*TRADE Financial Corp		6,270		215
Everest Re Group Ltd		1,100		212
Fifth Third Bancorp		18,551		276
First Republic Bank/CA		4,400		362
Franklin Resources Inc		7,736		129
Globe Life Inc		2,535		182
Goldman Sachs Group Inc/The		8,421		1,302
Hartford Financial Services Group Inc/The		9,461		333
Huntington Bancshares Inc/OH		26,847		220
Intercontinental Exchange Inc		14,780		1,193
Invesco Ltd		10,312		94
JPMorgan Chase & Co		83,117		7,483
KeyCorp		25,752		267
Lincoln National Corp		5,009		132
Loews Corp		6,689		233
M&T Bank Corp		3,508		363
MarketAxess Holdings Inc		1,000		333
Marsh & McLennan Cos Inc		13,317		1,151
MetLife Inc		20,812		636
Moody’s Corp		4,304		910
Morgan Stanley		30,717		1,044
MSCI Inc, Cl A		2,200		636
Nasdaq Inc, Cl A		2,987		284
Northern Trust Corp		5,571		420
People’s United Financial Inc		11,889		131
PNC Financial Services Group Inc/The		11,597		1,110
Principal Financial Group Inc, Cl A		7,133		224


2		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)

Dynamic Asset Allocation Fund (Continued)

March 31, 2020



Description	Shares		Market Value ($ Thousands)
Progressive Corp/The		15,621	$	1,153
Prudential Financial Inc		10,677		557
Raymond James Financial Inc		3,400		215
Regions Financial Corp		25,060		225
S&P Global Inc		6,478		1,587
SVB Financial Group, Cl B*		1,300		196
Synchrony Financial		15,601		251
T Rowe Price Group Inc		6,240		609
Travelers Cos Inc/The		6,852		681
Truist Financial Corp		35,382		1,091
Unum Group		5,663		85
US Bancorp		37,502		1,292
Wells Fargo & Co		101,833		2,923
Willis Towers Watson PLC		3,447		586
WR Berkley Corp		4,000		209
Zions Bancorp NA		4,337		116

				61,522


Health Care — 13.8%
Abbott Laboratories		46,824		3,695
AbbVie Inc		39,125		2,981
ABIOMED Inc*		1,200		174
Agilent Technologies Inc		8,185		586
Alexion Pharmaceuticals Inc*		5,808		521
Align Technology Inc*		1,900		330
Allergan PLC		8,680		1,537
AmerisourceBergen Corp, Cl A		3,954		350
Amgen Inc, Cl A		15,763		3,196
Anthem Inc		6,738		1,530
Baxter International Inc		13,492		1,095
Becton Dickinson and Co		7,119		1,636
Biogen Inc*		4,750		1,503
Boston Scientific Corp*		36,792		1,201
Bristol-Myers Squibb Co		62,032		3,458
Cardinal Health Inc		7,703		369
Centene Corp*		15,632		929
Cerner Corp		8,312		524
Cigna Corp		9,920		1,758
Cooper Cos Inc/The, Cl A		1,300		358
Covetrus Inc*		1		—
CVS Health Corp		34,560		2,051
Danaher Corp, Cl A		16,991		2,352
DaVita Inc*		2,457		187
DENTSPLY SIRONA Inc		5,771		224
Edwards Lifesciences Corp, Cl A*		5,572		1,051
Eli Lilly & Co		22,366		3,103
Gilead Sciences Inc		33,513		2,505
HCA Healthcare Inc		7,043		633
Henry Schein Inc*		4,044		204
Hologic Inc*		7,000		246
Humana Inc*		3,490		1,096
IDEXX Laboratories Inc*		2,300		557
Illumina Inc*		3,900		1,065



Description	Shares		Market Value ($ Thousands)
Incyte Corp*		4,700	$	344
Intuitive Surgical Inc*		3,038		1,504
IQVIA Holdings Inc*		4,800		518
Johnson & Johnson		69,744		9,146
Laboratory Corp of America Holdings*		2,517		318
McKesson Corp		4,275		578
Medtronic PLC		35,441		3,196
Merck & Co Inc		67,366		5,183
Mettler-Toledo International Inc*		600		414
Mylan NV*		14,426		215
PerkinElmer Inc		2,869		216
Perrigo Co PLC		3,676		177
Pfizer Inc		146,457		4,780
Quest Diagnostics Inc		3,578		287
Regeneron Pharmaceuticals Inc*		2,115		1,033
ResMed Inc		3,800		560
STERIS PLC		2,200		308
Stryker Corp		8,576		1,428
Teleflex Inc		1,200		351
Thermo Fisher Scientific Inc		10,611		3,009
UnitedHealth Group Inc		25,111		6,262
Universal Health Services Inc, Cl B		2,242		222
Varian Medical Systems Inc*		2,365		243
Vertex Pharmaceuticals Inc*		6,858		1,632
Waters Corp*		1,720		313
Zimmer Biomet Holdings Inc		5,453		551
Zoetis Inc, Cl A		12,573		1,480

				87,273


Industrials — 7.3%
3M Co		15,226		2,079
Alaska Air Group Inc		3,600		102
Allegion plc		2,394		220
American Airlines Group Inc		11,025		134
AMETEK Inc		6,064		437
AO Smith Corp		3,800		144
Arconic Inc		10,792		173
Boeing Co/The		14,109		2,104
Caterpillar Inc, Cl A		14,645		1,699
CH Robinson Worldwide Inc		3,487		231
Cintas Corp		2,252		390
Copart Inc*		5,400		370
CSX Corp		20,488		1,174
Cummins Inc		4,063		550
Deere & Co		8,413		1,162
Delta Air Lines Inc, Cl A		15,122		431
Dover Corp		3,846		323
Eaton Corp PLC		11,039		858
Emerson Electric Co		16,326		778
Equifax Inc		3,176		379
Expeditors International of Washington Inc		4,408		294
Fastenal Co, Cl A		15,244		476
FedEx Corp		6,369		772


3		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)

Dynamic Asset Allocation Fund (Continued)

March 31, 2020



Description	Shares		Market Value ($ Thousands)
Flowserve Corp		3,654	$	87
Fortive Corp		7,754		428
Fortune Brands Home & Security Inc		3,900		169
General Dynamics Corp		6,265		829
General Electric Co		231,593		1,839
Honeywell International Inc		18,952		2,536
Huntington Ingalls Industries Inc, Cl A		1,100		200
IDEX Corp		2,100		290
IHS Markit Ltd		10,700		642
Illinois Tool Works Inc		7,731		1,099
Ingersoll Rand Inc*		9,014		224
Jacobs Engineering Group Inc		3,521		279
JB Hunt Transport Services Inc		2,345		216
Johnson Controls International plc		20,538		554
Kansas City Southern		2,563		326
L3Harris Technologies Inc		5,871		1,057
Lockheed Martin Corp		6,593		2,235
Masco Corp		7,423		257
Nielsen Holdings PLC		9,580		120
Norfolk Southern Corp		6,902		1,008
Northrop Grumman Corp		4,161		1,259
Old Dominion Freight Line Inc, Cl A		2,550		335
PACCAR Inc		9,119		557
Parker-Hannifin Corp, Cl A		3,352		435
Pentair PLC		4,777		142
Quanta Services Inc		3,782		120
Raytheon Co		7,299		957
Republic Services Inc		5,562		417
Robert Half International Inc		3,259		123
Rockwell Automation Inc		3,035		458
Rollins Inc		3,750		136
Roper Technologies Inc		2,714		846
Snap-on Inc		1,555		169
Southwest Airlines Co, Cl A		12,433		443
Stanley Black & Decker Inc		4,011		401
Textron Inc		6,437		172
Trane Technologies PLC		6,303		521
TransDigm Group Inc		1,300		416
Union Pacific Corp		18,319		2,584
United Airlines Holdings Inc*		5,600		177
United Parcel Service Inc, Cl B		18,611		1,739
United Rentals Inc*		2,099		216
United Technologies Corp		21,507		2,029
Verisk Analytics Inc, Cl A		4,300		599
Waste Management Inc		10,282		952
Westinghouse Air Brake Technologies Corp		4,690		226
WW Grainger Inc		1,147		285
Xylem Inc/NY		4,748		309

				46,698


Information Technology — 22.8%
Accenture PLC, Cl A		16,848		2,750
Adobe Inc*		12,864		4,094



Description	Shares		Market Value ($ Thousands)
Advanced Micro Devices Inc*		30,900	$	1,405
Akamai Technologies Inc*		4,274		391
Alliance Data Systems Corp		1,046		35
Amphenol Corp, Cl A		7,820		570
Analog Devices Inc		9,692		869
ANSYS Inc*		2,300		535
Apple Inc		110,630		28,132
Applied Materials Inc		24,371		1,117
Arista Networks Inc*		1,400		284
Autodesk Inc, Cl A*		5,905		922
Automatic Data Processing Inc		11,442		1,564
Broadcom Inc		10,475		2,484
Broadridge Financial Solutions Inc		3,000		285
Cadence Design Systems Inc*		7,400		489
CDW Corp/DE		3,800		354
Cisco Systems Inc		112,372		4,417
Citrix Systems Inc		3,026		428
Cognizant Technology Solutions Corp, Cl A		14,577		677
Corning Inc, Cl B		20,271		416
DXC Technology Co		7,076		92
F5 Networks Inc, Cl A*		1,691		180
Fidelity National Information Services Inc, Cl B		16,353		1,989
Fiserv Inc, Cl A*		15,164		1,440
FleetCor Technologies Inc*		2,300		429
FLIR Systems Inc		3,592		115
Fortinet Inc*		3,700		374
Gartner Inc*		2,300		229
Global Payments Inc		7,889		1,138
Hewlett Packard Enterprise Co		34,010		330
HP Inc		39,510		686
Intel Corp		115,197		6,235
International Business Machines Corp		23,568		2,614
Intuit Inc		6,885		1,584
IPG Photonics Corp*		1,000		110
Jack Henry & Associates Inc		2,000		310
Juniper Networks Inc		9,333		179
Keysight Technologies Inc*		4,900		410
KLA Corp		4,149		596
Lam Research Corp		3,820		917
Leidos Holdings Inc		3,500		321
Mastercard Inc, Cl A		23,482		5,672
Maxim Integrated Products Inc		7,100		345
Microchip Technology Inc		6,337		430
Micron Technology Inc*		29,271		1,231
Microsoft Corp		202,196		31,888
Motorola Solutions Inc		4,602		612
NetApp Inc		5,928		247
NortonLifeLock Inc		14,908		279
NVIDIA Corp		16,248		4,283
Oracle Corp, Cl B		57,333		2,771
Paychex Inc		8,400		529


4		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)

Dynamic Asset Allocation Fund (Continued)

March 31, 2020



Description	Shares		Market Value ($ Thousands)
Paycom Software Inc*		1,300	$	263
PayPal Holdings Inc*		31,085		2,976
Qorvo Inc*		3,005		242
QUALCOMM Inc		30,268		2,048
salesforce.com Inc*		23,472		3,380
Seagate Technology PLC		6,043		295
ServiceNow Inc*		5,000		1,433
Skyworks Solutions Inc		4,507		403
Synopsys Inc*		4,000		515
TE Connectivity Ltd		8,803		555
Texas Instruments Inc		24,711		2,469
VeriSign Inc*		2,678		482
Visa Inc, Cl A		45,332		7,304
Western Digital Corp		7,738		322
Western Union Co/The		10,877		197
Xerox Holdings Corp		4,989		95
Xilinx Inc		6,687		521
Zebra Technologies Corp, Cl A*		1,400		257

				144,540


Materials — 2.2%
Air Products & Chemicals Inc		5,861		1,170
Albemarle Corp		2,900		163
Amcor PLC		42,509		345
Avery Dennison Corp		2,176		222
Ball Corp		8,712		563
Celanese Corp, Cl A		3,100		227
CF Industries Holdings Inc		6,137		167
Corteva Inc		19,891		467
Dow Inc		19,725		577
DuPont de Nemours Inc		19,791		675
Eastman Chemical Co		3,798		177
Ecolab Inc		6,654		1,037
FMC Corp		3,349		274
Freeport-McMoRan Inc, Cl B		37,862		256
International Flavors & Fragrances Inc		2,815		287
International Paper Co		10,273		320
Linde PLC		14,282		2,471
LyondellBasell Industries NV, Cl A		6,713		333
Martin Marietta Materials Inc, Cl A		1,665		315
Mosaic Co/The		9,710		105
Newmont Corp		21,904		992
Nucor Corp		7,948		286
Packaging Corp of America		2,600		226
PPG Industries Inc		6,270		524
Sealed Air Corp		4,058		100
Sherwin-Williams Co/The, Cl A		2,213		1,017
Vulcan Materials Co		3,430		371
Westrock Co		7,092		200

				13,867


Real Estate — 2.7%
Alexandria Real Estate Equities Inc‡		3,200		439



Description	Shares		Market Value ($ Thousands)
American Tower Corp, Cl A‡		11,716	$	2,551
Apartment Investment & Management Co, Cl A‡		4,044		142
AvalonBay Communities Inc‡		3,722		548
Boston Properties Inc‡		3,808		351
CBRE Group Inc, Cl A* ‡		8,825		333
Crown Castle International Corp‡		11,028		1,592
Digital Realty Trust Inc, Cl A‡		7,000		972
Duke Realty Corp‡		9,600		311
Equinix Inc‡		2,259		1,411
Equity Residential‡		9,333		576
Essex Property Trust Inc‡		1,760		388
Extra Space Storage Inc‡		3,400		326
Federal Realty Investment Trust‡		2,000		149
Healthpeak Properties Inc‡		12,930		308
Host Hotels & Resorts Inc‡		18,612		205
Iron Mountain Inc‡		7,976		190
Kimco Realty Corp‡		11,396		110
Mid-America Apartment Communities Inc‡		3,000		309
Prologis Inc‡		19,469		1,565
Public Storage‡		4,000		794
Realty Income Corp‡		8,618		430
Regency Centers Corp‡		4,700		181
SBA Communications Corp, Cl A‡		3,000		810
Simon Property Group Inc‡		8,158		448
SL Green Realty Corp^‡		2,215		95
UDR Inc‡		7,600		278
Ventas Inc‡		9,710		260
Vornado Realty Trust^‡		4,331		157
Welltower Inc‡		10,707		490
Weyerhaeuser Co‡		19,560		331

				17,050


Utilities — 3.2%
AES Corp/VA		17,212		234
Alliant Energy Corp		6,300		304
Ameren Corp		6,544		477
American Electric Power Co Inc		13,029		1,042
American Water Works Co Inc		4,800		574
Atmos Energy Corp		3,100		308
CenterPoint Energy Inc		12,917		200
CMS Energy Corp		7,513		441
Consolidated Edison Inc		8,878		692
Dominion Energy Inc		21,868		1,579
DTE Energy Co		5,041		479
Duke Energy Corp		19,298		1,561
Edison International		9,490		520
Entergy Corp		5,277		496
Evergy Inc		6,000		330
Eversource Energy		8,644		676
Exelon Corp		25,990		957
FirstEnergy Corp		14,321		574
NextEra Energy Inc		12,998		3,128


5		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)

Dynamic Asset Allocation Fund (Continued)

March 31, 2020



Description	Shares		Market Value ($ Thousands)
NiSource Inc		9,713	$	242
NRG Energy Inc		6,964		190
Pinnacle West Capital Corp		3,094		234
PPL Corp		20,239		499
Public Service Enterprise Group Inc		13,457		604
Sempra Energy		7,468		844
Southern Co/The		27,782		1,504
WEC Energy Group Inc		8,437		744
Xcel Energy Inc		14,046		847

				20,280

Total Common Stock (Cost $436,087) ($ Thousands)				567,255


EXCHANGE TRADED FUNDS^ — 8.3%
SPDR S&P 500 ETF Trust		101,634		26,196
Vanguard S&P 500 ETF		110,260		26,112



Description			Market Value ($Thousands)
Total Exchange Traded Funds (Cost $50,637) ($ Thousands)			$	52,308

Total Investments in Securities — 97.8% (Cost $486,724) ($ Thousands)			$	619,563


	Contracts
PURCHASED OPTIONS* — 0.5%
Total Purchased Options (A) (Cost $1,641) ($ Thousands)		209,410,302	$	2,963


PURCHASED SWAPTION* — 0.5%
Total Purchased Swaption (B) (Cost $2,357) ($ Thousands)		864,868,000	$	3,142

A list of the open options contracts held by the Fund at March 31, 2020, is as follows:



Description	Number of Contracts		Notional Amount (Thousands)		Exercise Price		Expiration Date		Value (Thousands)
PURCHASED OPTIONS — 0.5%
Call Options
August 20 Put EUR Call USD*		120,690,928	$	13,155	$	1.09		8/22/2020	$	1,793
August 20 Put EUR Call USD*		88,719,374		9,582		1.08		8/22/2020		1,170

Total Purchased Options			$	22,737					$	2,963

A list of the open OTC swaption contracts held by the Fund at March 31, 2020, is as follows:

Description

Counterparty

Number of Contracts/
Notional Amount

Exercise Price

Expiration Date

Value

(Thousands)

PURCHASED SWAPTION — 0.5%

Call Swaptions

CMS One Look*

Bank of America Merill Lynch

864,868,000

0.14

07/17/2021

3,142


6		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)

Dynamic Asset Allocation Fund (Continued)

March 31, 2020

A list of the open futures contracts held by the Fund at March 31, 2020, 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		52		Jun-2020	$	6,271	$	6,682	$	411

A list of the open forward foreign currency contracts held by the Fund at March 31, 2020, is as follows:



Counterparty	Settlement Date		Currency to Deliver (Thousands)		Currency to Receive (Thousands)		Unrealized Appreciation (Depreciation) (Thousands)
Bank of America		01/11/21	USD	5,112	SAR	19,232	$	8
Bank of America		01/11/21	USD	3,884	SAR	14,572		(4	)
Bank of America		01/11/21	SAR	154,174	USD	41,085		36

							$	40

A list of OTC swap agreements held by the fund at March 31, 2020, 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

(Thousands)

BNP Paribas ^

Bloomberg Gold SubIndex Total Return

US T-BILL HIGH DISCOUNT RATE + 7 BPS

INDEX RETURN

Quarterly

03/17/2021

USD

(41,552

)

1,864

—

1,864

Percentages are based on Net Assets of $633,495 ($ Thousands).

Non-income producing security.

^‡

Real Estate Investment Trust.

(A)

Refer to table below for details on Options Contracts.

(B)

Refer to table below for details on Swaption Contracts.

Security is held by the Dynamic Commodity Strategy Subsidiary Ltd. as of March 31, 2020.

Cl — Class

ETF — Exchange-Traded Fund

EUR — Euro

L.P. — Limited Partnership

Ltd. — Limited

PLC — Public Limited Company

S&P — Standard & Poor’s

SAR — Saudi Riyal

SPDR — Standard & Poor’s Depository Receipt

USD — U.S. Dollar

The following is a list of the level of inputs used as of March 31, 2020, 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		567,255		—		—		567,255
Exchange Traded Funds		52,308		—		—		52,308

Total Investments in Securities		619,563		—		—		619,563



Other Financial Instruments	Level 1 ($)		Level 2 ($)			Level 3 ($)		Total ($)
Purchased Options		2,963		—			—		2,963
Purchased Swaptions		—		3,142			—		3,142
Futures Contracts*
Unrealized Appreciation		411		—			—		411
Forwards Contracts*
Unrealized Appreciation		—		44			—		44
Unrealized Depreciation		—		(4	)		—		(4	)
OTC Swaps
Total Return Swaps*
Unrealized Appreciation		—		1,864			—		1,864

Total Other Financial Instruments		3,374		5,046			—		8,420

Futures contracts, forward contracts, and swap contracts are valued at the unrealized appreciation/ (depreciation) on the instruments.

For the period ended March 31, 2020, there were no transfers in or out of Level 3.

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

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.


7		SEI Institutional Managed Trust / Semi-Annual Report / March 31, 2020

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 18th 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 period covered by this report that have materially affected, or are reasonably likely to materially affect, the Registrant’s internal control over financial reporting.

Item 12.

Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.

Not applicable.

Item 13.

Exhibits.

(a)(1) Not applicable for semi-annual report.

(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.

Date: June 9, 2020

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: June 9, 2020

By						/s/ Peter A. Rodriguez
						Peter A. Rodriguez, Controller & CFO

Date: June 9, 2020

EX-99.CERT 2 d895210dex99cert.htm CERTIFICATION PURSUANT TO SECTION 302 Certification Pursuant to Section 302

Certification

Pursuant to Section 302

of the Sarbanes-Oxley Act of 2002

I, Robert A. Nesher, certify that:

1. I have reviewed this report on Form N-CSRS of SEI Institutional Managed Trust;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the Registrant as of, and for, the periods presented in this report;

4. The Registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940)for the Registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the Registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the Registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

(d) Disclosed in this report any change in the Registrant’s internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the Registrant’s internal control over financial reporting; and

5. The Registrant’s other certifying officer(s) and I have disclosed to the Registrant’s auditors and the audit committee of the Registrant’s board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the Registrant’s ability to record, process, summarize, and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the Registrant’s internal control over financial reporting.

Date: June 9, 2020

/s/ Robert A. Nesher

Robert A. Nesher

President & CEO

Certification

Pursuant to Section 302

of the Sarbanes-Oxley Act of 2002

I, Peter A. Rodriguez, certify that:

1. I have reviewed this report on Form N-CSRS of SEI Institutional Managed Trust;

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the Registrant’s internal control over financial reporting.

Date: June 9, 2020

/s/ Peter A. Rodriguez

Peter A. Rodriguez

Controller & CFO

EX-99.906CERT 3 d895210dex99906cert.htm CERTIFICATION PURSUANT TO SECTION 906 Certification Pursuant to Section 906

CERTIFICATION

Pursuant to 18 U.S.C. Section 1350, As Adopted Pursuant to Section 906

of the Sarbanes-Oxley Act of 2002

The undersigned, the President and Chief Executive Officer of SEI Institutional Managed Trust (the “Trust”), with respect to the Trust’s Report on Form N-CSRS for the period ended March 31, 2020 as filed with the Securities and Exchange Commission, hereby certifies, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to the best of my knowledge:

1. such Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

2. the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Trust.

Dated: June 9, 2020

/s/ Robert A. Nesher

Robert A. Nesher

President & CEO

CERTIFICATION

Pursuant to 18 U.S.C. Section 1350, As Adopted Pursuant to Section 906

of the Sarbanes-Oxley Act of 2002

The undersigned, the Controller and Chief Financial Officer of SEI Institutional Managed Trust (the “Trust”), with respect to the Trust’s Report on Form N-CSRS for the period ended March 31, 2020 as filed with the Securities and Exchange Commission, hereby certifies, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to the best of my knowledge:

1. such Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

2. the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Trust.

Dated: June 9, 2020

/s/ Peter A. Rodriguez

Peter A. Rodriguez

Controller & CFO

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