SEI Institutional Managed Trust

N-CSR 1 d92683dncsr.htm SEI INSTITUTIONAL MANAGED TRUST SEI Institutional Managed Trust

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-CSR

CERTIFIED SHAREHOLDER REPORT OF REGISTERED

MANAGEMENT INVESTMENT COMPANIES

Investment Company Act File Number 811-04878

SEI Institutional Managed Trust

(Exact name of registrant as specified in charter)

SEI Investments

One Freedom Valley Drive

Oaks, PA 19456

(Address of principal executive offices) (Zip code)

Timothy D. Barto, Esq.

SEI Investments

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: September 30, 2020

Item 1.

Reports to Stockholders.









September 30, 2020

ANNUAL REPORT

SEI Institutional Managed Trust


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




Letter to Shareholders			1


Management’s Discussion and Analysis of Fund Performance			6


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


Statements of Assets and Liabilities/Consolidated Statements of Assets and Liabilities			320


Statements of Operations/Consolidated Statements of Operations			332


Statements of Changes in Net Assets/Consolidated Statements of Changes in Net Assets			338


Consolidated Statement of Cash Flows			346


Financial Highlights/Consolidated Financial Highlights			347


Notes to Financial Statements/Consolidated Notes to Financial Statements			360


Report of Independent Registered Public Accounting Firm			407


Trustees and Officers of the Trust			409


Disclosure of Fund Expenses			412


Review of the Liquidity Risk Management Program			415


Board of Trustees Considerations in Approving the Advisory and Sub-Advisory Agreement			416


Notice to Shareholders			419

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.

LETTER TO SHAREHOLDERS

September 30, 2020 (Unaudited)

To Our Shareholders

The fiscal year ending September 30, 2020, began with strong returns in the equity markets over the final months of 2019. After hitting all-time highs in February, concerns about the international spread of a novel coronavirus (COVID-19) dominated investor concerns, and by the end of March most equity indexes had fallen into bear-market territory. Plans to reopen economic activity and developments in the race for COVID-19 treatments encouraged investors in April and May; global financial markets rallied sharply amid renewed “risk-on” sentiment, with U.S. equity markets eclipsing their pre-pandemic peaks before the end of the fiscal year. Despite tension around a U.S.-China trade deal and ongoing Brexit concerns in late 2019, the lingering effects of COVID-19 demanded plenty of attention from investors.

The Federal Reserve (Fed) cut interest rates three times prior to March. Two off-cycle moves in February brought the federal-funds rate to near zero and were designed to bolster the economy in response to the economic threat posed by the coronavirus outbreak; the emergency actions were the first since the global financial crisis. Additionally, the Fed committed to purchasing unlimited amounts of Treasurys and established or renewed multiple facilities designed to support the economy.

Christine Lagarde succeeded Mario Draghi as European Central Bank (ECB) President in November. The ECB restarted its asset-purchase program in November with a monthly pace of €20 billion and stated it intends to continue to fully reinvest the principal payments from maturing securities purchased under the program. In response to COVID-19, the ECB announced a new quantitative easing (QE) package in March—the Pandemic Emergency Purchase Programme—amounting to €750 billion, which should bring total QE-related asset purchases to more than €1.3 trillion in 2020.

The Japanese yen, typically viewed as a safe-haven asset in “risk-off” environments, finished the period 2.5% higher against the U.S. dollar, while the Bank of Japan indicated it would continue a negative rate policy through 2023. The Chinese yuan finished the fiscal year up 5.3%; the currency rebounded from an 11-year low reached before the start of the fiscal year after a U.S.-China phase-one trade agreement was signed.

West Texas Intermediate crude-oil prices stayed mostly range-bound over the first quarter of the reporting period. From January onward, the commodity became a victim of an oil-production impasse between Saudi Arabia and Russia and travel restrictions that sapped usage due to the coronavirus pandemic. Between the high price toward the end of 2019 and the April lows, crude-oil prices fell over 80%. Record supply cuts and a pickup in global fuel demand toward the end of the reporting period helped drive a partial price recovery, and oil finished down over 25% for the 12-month period.

Geopolitical events

Market volatility accelerated in the first quarter of 2020 following concerns about COVID-19 and its eventual economic effect: as the outbreak spread from China to other countries, governments issued stay-at-home orders and initiated widespread lockdowns. Beyond the threat to public health, the outbreak and resulting containment measures evoked concerns about the potential halt to global economic activity. The official daily infection rate continued to trend generally higher, with over 33 million cases worldwide at the end of September, while in the U.S., the total recorded number of COVID-19-related deaths surpassed 200,000 by the end of September—out of about 1,000,000 total worldwide. Nevertheless, markets remained generally optimistic over the last half of the reporting period as forward-looking investors attempted to spot sources of encouragement.

At least 68 countries and territories postponed elections between February 21 and July 26, also citing concerns about COVID-19 containment, according to the Wall Street Journal; at least 49 countries and territories committed to holding their elections as scheduled. The U.S. residential election cycle formally progressed to its final phase before Election Day, as President Donald Trump accepted the Republican Party’s nomination and former Vice President Joe Biden accepted the Democratic Party’s nomination at their respective quadrennial conventions during August. The U.S. general election will proceed in early November.

The United States-Mexico-Canada trade agreement was ratified by all three countries in December and officially replaced the North American Free Trade Agreement on July 1. The Trump administration announced in September that it would not pursue a 10% tariff on U.S. imports of Canadian aluminum previously announced in August, as trade

SEI Institutional Managed Trust / Annual Report / September 30, 2020

LETTER TO SHAREHOLDERS (Continued)

September 30, 2020 (Unaudited)

is now expected to normalize in the coming months following high import levels earlier in 2020. President Trump and France’s President Emmanuel Macron successfully walked back threats of tariffs that originated with French plans for a digital tax that would have targeted U.S.-based multi-national technology companies. The prospect of a digital tax re-surfaced in other countries—including the U.K., Italy, Austria and Turkey—which prompted more threats of retailiatory tariffs by Treasury Secretary Steven Mnuchin. Sajid Javid, the UK’s former Chancellor of the Exchequer, disappointed Secretary Mnuchin by explaining during a joint interview in late January at the World Economic Forum that the U.K. would prioritize trade negotiations with the EU over a deal with the U.S.

China and the U.S. formalized a “phase one” trade deal in mid-January that offered tariff relief to China (via the reduction of existing tariffs and the delay of additional scheduled tariffs). In exchange, China committed to purchasing $200 billion in U.S. products over a two-year period; addressing its long-standing practice of forcing the transfer of intellectual property and technology to Chinese counterparts in exchange for access to the Chinese market; and promising to continue opening its financial-services industry to foreign investors. The tense U.S.-China relationship was stressed in May by a U.S. push for more transparency in the ownership of U.S.-listed Chinese companies and the U.S. government’s barring of certain Chinese securities from its retirement plans.

Under Boris Johnson, the UK’s Conservative Party consolidated its power in a mid-December election—winning a majority of seats in the House of Commons and gaining approval for Prime Minister Boris Johnson’s EU departure deal. The country officially left the EU at the end of January 2020, giving way to an 11-month transition period to negotiate terms of the future U.K.-EU relationship. Johnson emerged from his personal battle with COVID-19 in April, having been hospitalized in intensive care and temporarily deputizing Foreign Secretary Dominic Raab to fulfill his role while incapacitated.

Japan’s ruling Liberal Democratic Party selected Yoshihide Suga to succeed Prime Minister Shinzo Abe, who resigned in August due to health issues. Elsewhere in Asia, China-Taiwan tensions flared in September after a high-level U.S. government official’s visit to Taiwan; China was angered by what it saw as one of its territories assuming sovereignty by inappropriately conducting international diplomacy. Chinese planes made a show of force to coincide with the visit, prompting Taiwan to quickly mobilize its military jets. The island’s government had previously condemned nearby Chinese military drills as provocations. In Beijing, a military spokesman accused Taiwan’s ruling Democratic Progressive Party of “collusion” with the U.S., and said the U.S. is trying to “use Taiwan to control China.”

Economic performance

U.S. gross domestic product (GDP) grew 2.1% in the fourth quarter of 2019, driven by an increase in net trade but weakened by a sharp slowdown in consumer spending. The economy saw a decline of 5.0% in the first quarter of 2020, the largest drop since the global financial crisis, but reflected just two weeks of lockdowns that began across the country in March. The economy contracted by a worst-ever 31.4% in the second quarter, falling in all 50 states. The abrupt halt to the 10-year economic expansion came amid mandated lockdowns throughout most of the country.

The U.S. unemployment rate touched a 50-year low of 3.5% during the fiscal year before jumping as high as 14.7% in April and settling at 7.9% in the final reading; the number of Americans filing for initial unemployment benefits hit record numbers as many non-essential businesses were forced to close in the wake of the pandemic. The labor-force participation rate ended at 61.4%, down from 63.2% a year earlier. Average hourly earnings gained 4.7% over the fiscal year, as the increase in unemployment tended to hit lower-wage workers hardest.

Broad economic activity in the eurozone slowed to its weakest pace since records began in 1995 during the first quarter of 2020; the 13.6% annualized decline wiped away three years of growth in the area. The region officially fell into recession after a 40.3% contraction in the second quarter and far exceeded that in the U.S. as measures imposed to limit the spread of COVID-19 reflected the closing of everything from restaurants to factories. The magnitude and speed of the contraction solidified the case for continued accommodative policy by the ECB for some time.

The Bank of England’s Monetary Policy Committee cut its Bank Rate to 0.1% in March, the lowest in the 325-year history of its lending rate, during the fiscal year. It also announced a £200 billion asset-purchase program, mostly of government bonds, to be conducted at a monthly pace that will eclipse previous rounds of QE. Additionally, it launched a so-called funding-for-lending scheme to spur banks to lend to small- and medium-sized enterprises, as well as a commercial paper facility with no cap limit, both to be financed by central-bank reserves. Following its mid-

SEI Institutional Managed Trust / Annual Report / September 30, 2020

June meeting, the central bank announced that it would expand its stock of asset purchases to £745 billion. The U.K. economy shrank a record 19.8% seasonally-adjusted at annual rates through the second quarter of 2020; while the decline was less severe than originally thought, it was also the largest since records have been kept.

Japanese GDP contracted 7.2% in seasonally-adjusted annualized terms in the fourth quarter of 2019 as the country’s sales tax hike weakened consumer and business spending; an additional 2.2% decline in the first quarter of 2020 confirmed that Japan had fallen into recession for the first time in over four years. Japan’s economy contracted

28.1% in the second quarter as capital expenditures were hit hard by the pandemic. The Bank of Japan expanded monetary stimulus as pandemic pain worsened late in the period. Meanwhile, GDP in China shrank by 6.8% year-on-year and seasonally-adjusted in the first quarter of 2020, its worst pace in several decades, as consumer spending, exports and fixed-asset investments all were affected by the lockdowns in January and early February; a 3.2% gain in the second quarter came as restrictions eased and the country rolled out stimulus measures intended to aid the economy.

Market developments

The S&P 500 Index finished the fiscal year up 15.15%, despite falling over 30% from its peak on February 19, 2020, to the trough on March 23. Prior to the coronavirus onset, investors enjoyed the continuation of the modest U.S. economic expansion, reasonably strong corporate profitability and accommodative Fed monetary policy. Over the full reporting period, mega-cap stocks, a narrow group of companies with unusually large weights in the broad equity index, outperformed, and growth companies in the information technology sector generally led, while many value stocks underperformed. Commodity-sensitive stocks, particularly those within the energy sector, lagged the most.

U.S. large-cap stocks (Russell 1000^® Index) finished the reporting period up 16.01%; small-cap stocks (Russell 2000^® Index) were hit harder in the coronavirus-driven selloff, as investors tended to avoid smaller companies with lesser financial strength, and edged just 0.39% higher over the fiscal year.

Despite continued accommodative monetary policy from the ECB, European equities lagged, as fears over trade wars and COVID-19 grew. The MSCI Europe Index (Net) fell 0.79% in U.S. dollar terms and was 7.33% lower in euros; the euro finished up 6.68% versus the U.S. dollar for the period. The MSCI ACWI Index (Net), a proxy for global equities in both developed and emerging markets, climbed 10.44% in U.S. dollar terms.

Despite a strong rally over the second half of the year, the FTSE UK Series All-Share Index lost 12.30% in U.S. dollar terms over the full reporting period, while it fell 16.59% in sterling.

Emerging-market equities were higher. After gaining 9.56% in the final quarter of the fiscal year, the MSCI Emerging Markets Index (Net) finished the reporting period up 10.54% in U.S. dollar terms. U.S.-China trade news generally drove performance for the first three months; however, a rally after the U.S. and China agreed to a “phase-one” trade deal in January was wiped out until COVID-19 concerns in China began to decelerate.

Global government bonds outperformed global high-yield bonds as the escalation of COVID-19 hit the bond market’s most economically sensitive sectors the hardest. The global high-yield market, as measured by the ICE BofA Global High Yield Constrained Index, was 3.84% higher during the reporting period, while global government bonds, as measured by the Bloomberg Barclays Global Treasury Index, did better and climbed 5.84%.

A continuing theme for U.S. fixed-income markets was the inverted yield curve. The spread between 2-year and 5-year Treasurys yields was inverted early in the reporting period, as was the spread between 3-year and 5-year Treasurys. Notably, the spread between 3-month and 10-year rates was inverted for only the second time in about 12 years during the fiscal year, a signal of impending recession to some market watchers that occurred long before any knowledge of the pandemic. The differential reverted during the period and eventually stayed in positive territory from March onward.

Yields for 10-year U.S. government bonds ended the period down 99 basis points at 0.69%, after hitting an all-time low of 0.54% in March as investors rushed to “safe-haven” securities; 2-year yields declined during the fiscal year to finish down 150 basis points at 0.13%.

Inflation-sensitive assets, such as commodities and Treasury inflation-protected securities (TIPS), were mixed. The Bloomberg Commodity Total Return Index (which represents the broad commodity market) finished down 8.20% over the full one-year period, after an oil-production impasse between Saudi Arabia and Russia created a downdraft in the

SEI Institutional Managed Trust / Annual Report / September 30, 2020

LETTER TO SHAREHOLDERS (Concluded)

September 30, 2020 (Unaudited)

oil market around the same time that demand contracted due to the coronavirus pandemic; the Bloomberg Barclays 1-10 Year US TIPS Index (USD) moved 7.75% higher during the reporting period.

U.S. investment-grade corporate debt was higher; the Bloomberg Barclays US Corporate Investment Grade Index returned 7.90% as investors remained eager to buy higher-yielding securities. U.S. asset- and mortgage-backed securities also managed to rise during the fiscal year.

Coronavirus concerns and the steep drop in global oil prices led to a declining outlook for economic growth in emerging markets; the JP Morgan Global Bond Index-Emerging Markets (GBI-EM) Global Diversified Index, which tracks local-currency-denominated EM bonds, declined 1.45% in U.S. dollar terms. The JP Morgan Emerging Markets Bond Index (EMBI) Global Diversified Index, which tracks EM debt denominated in external currencies (such as the U.S. dollar), managed a 1.29% gain for the fiscal year.

Our view

It has already been an eventful and exhausting year, but we have a sense that the next few months could prove critical to the future course of the global economy and financial markets. Most countries were in V-shaped recovery mode during the third quarter, moving sharply off their low points in May and June. We assume that future lockdowns to contain COVID-19 outbreaks will be far more limited in scope. For developed countries, treatments have improved, vulnerable populations appear to be better-protected, and younger, generally healthier people are accounting for a much larger share of confirmed new cases.

But we doubt there will be a full return to normal economic behavior until safe and effective vaccines are introduced and distributed globally. The news on this score has been positive, and probably is a key reason for the continued buoyancy of equities and other risk assets. According to the World Health Organization, researchers were testing 38 vaccines in clinical trials at the end of September, while 93 more were in pre-clinical testing. Ten vaccines have been approved for large-scale efficacy and safety trials. We think it is realistic to assume that a few different vaccines will be generally available by this time next year, which means that social-distancing measures must still be followed well into 2021 and, most likely, into 2022.

There’s no disputing that U.S. economic activity remains far below normal. Although incomes are now recovering as more people get back to work, the lack of additional income support may drag down consumer spending as we head into the end of the year. Business sentiment appears to have bottomed, but the outlook remains sufficiently uncertain to keep us in a watch-and-wait mode. We would not be surprised to see the official U.S. unemployment rate move up in the months ahead as hard-hit industries eliminate jobs now that government support has run out.

In August, Fed Chairman Jerome Powell officially unveiled a new framework for conducting the central bank’s monetary policy. The Fed has decided to see how low the U.S. unemployment rate can get before it causes the inflation rate to exceed the 2% mark by a meaningful extent.

The FOMC’s own inflation projection does not envision a return to 2% inflation until the end of its forecast window in 2023, so it may be a long time before the federal-funds rate rises.

In our view, all that’s really left in the Fed’s monetary toolbox is quantitative easing, along with the provision of lifeline support to corporations as well as state and local governments through its various credit facilities. Monetization of debt will likely continue until the pandemic crisis is well past and the U.S. unemployment rate approaches its previous lows.

The U.S. presidential election will have a major impact on the economy and financial markets in the months and years ahead. Still, we firmly believe that it would be a mistake to pursue even a short-term investment strategy that necessitates accurately predicting: (1) the election winner; (2) the policies proposed by the newly inaugurated president; (3) the ways in which Congress will modify those proposals throughout the legislative process; or (4) the impact those new laws would have on the economy and financial markets.

Regardless of the election’s outcome, we assume that both candidates would see their platforms tempered before they’re put into practice. There is a high degree of institutional inertia, which is partly deliberate (constitutional checks and balances) and partly happenstance (increasing polarization of opinion in the country tends to favor a draw). While there could be some market volatility plausibly attributed to the election, it is usually best to pay strict attention to the fundamentals and to ignore the politics.

SEI Institutional Managed Trust / Annual Report / September 30, 2020

The U.K. is undergoing its own unique political melodrama, with Prime Minister Boris Johnson facing a rebellion among his own backbenchers and intense criticism from senior Conservatives over his proposal to renege on the withdrawal treaty that would allow Northern Ireland to trade without border restrictions with Ireland and the rest of the EU. The move to abrogate the treaty, if successful, would almost certainly lead to a hard Brexit—a reversion to the World Trade Organization’s most-favored-nation trading rules with the EU. It also could breathe new life into the separatist movement in Northern Ireland itself, not to mention Scotland.

Prime Minister Johnson’s decision reflects his government’s frustration with EU negotiators. There are two main sticking points, one small (EU fishing industry demanding full access to U.K. waters) and one large (EU demanding the UK’s continued adherence to EU strictures on government financial assistance to private-sector businesses).

Obviously, a hard Brexit will not help matters. But the worst impact potentially will be sustained by financial companies and other service- producing entities, since World Trade Organization rules deal mostly with tradable goods. The increase in tariffs, for the most part, will be bearable once border-related issues are worked out. In the meantime, the U.K. and the rest of Europe are facing a second wave of COVID-19 that could turn what’s been a V-shaped recovery into something looking more like a W.

This year’s pandemic and postponement of the summer Olympics proved to be a bitter ending to Japanese Prime Minister Shinzo Abe’s record-breaking term in office. His push to lift Japan out of its deflationary spiral was somewhat successful. Prices mostly stopped declining in the aggregate, but there were few occasions when overall consumer-price inflation rose above 1%. Pandemic pressures have caused a return to outright deflation in recent months.

In our view, it is unlikely that radical changes will be made to the direction of policy under Japan’s new Prime Minister Yoshihide Suga. In the near-term, the priority will be on the response to the coronavirus; fiscal policy will remain quite expansionary. The Bank of Japan will continue to buy most of the government-issued bonds, along with other types of corporate debt and equity, as it has been doing as part of its Quantitative and Qualitative Easing program over the past four years.

The contrast of the big Asian stock markets versus other large emerging-market equities is dramatic. China’s strong gains can be chalked up to its rebound in economic activity. Although travel and other services are still constrained due to lingering concerns about the virus, infrastructure-related spending and manufacturing have experienced an almost-complete recovery to pre-pandemic levels. Investors seem to be unfazed by the deterioration in the US-China economic relationship or by the increasingly fraught diplomatic relations between China and other countries.

Emerging markets are already showing some good news. The price of raw industrials bottomed in early May, and have since enjoyed a sharp move higher. If industrial commodity prices advance in a sustained, multi-year fashion as they have in previous cycles, it’s a good bet that emerging-market corporate profits will also rise sharply.

Our optimism is somewhat tempered by the rising debt burden facing many emerging countries. Much of the increase in emerging-market debt has been tied to the corporate sector—especially in China, where private domestic, non-financial debt has reached an eye-watering 216% of GDP. Of more concern are the mostly small-to-medium-sized countries that are running current-account deficits and are too dependent on external hard-currency debt, or do not have the reserves to easily cover their debt service.

The actions of the world’s major central banks back in March, especially the Fed’s provision of U.S. dollar liquidity, have helped to ease the strain on the market for emerging-country debt. Governments and other official lenders, meanwhile, have granted loan forbearance to nearly 80 countries; it’s a tougher job to get private creditors to agree to do the same. Nonetheless, emerging-market sovereign yields on dollar-denominated debt have fallen back toward their previous record lows, more than reversing the spike endured in March, prior to the Fed’s rescue operations.

Sincerely,

LOGO

William Lawrence, CFA

Head and Chief Investment Officer of Traditional Asset Management

SEI Institutional Managed Trust / Annual Report / September 30, 2020

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FUND PERFORMANCE

September 30, 2020 (Unaudited)

Large Cap Fund

I. Objective

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

II. Investment Approach

The Fund uses a multi-manager approach, relying on a number of sub-advisors with differing investment philosophies and strategies to manage portions of the Fund’s portfolio, under the general supervision of SEI Investments Management Corporation (SIMC). Assets of the Fund not allocated to sub-advisors are managed directly by SIMC. The Fund utilized the following sub-advisors as of September 30, 2020: Brandywine Global Investment Management, LLC (Brandywine), Ceredex Value Advisors LLC (Ceredex), Coho Partners, Ltd. (Coho), Fred Alger Management, Inc. (Alger), LSV Asset Management (LSV), Mar Vista Investment Partners, LLC (Mar Vista), and Parametric Portfolio Associates LLC (Parametric).

No manager changes were made during the Fund’s fiscal year.

III. Returns

For the full year ended September 30, 2020, the Large Cap Fund, Class F, returned 7.67%. The Fund’s benchmark—the Russell 1000^® Index, tracks the performance of approximately 1,000 large- and mid-cap U.S. companies that are considered representative of the broad U.S. stock market —returned 16.01%.

IV. Performance Discussion

As noted in the shareholder letter, the economy and corporate earnings contracted during the fiscal year due to the COVID-19 pandemic that began in early 2020. Interest rates declined as central banks lowered rates amid expectations that inflation wouldn’t rise anytime in the near future. Among U.S. large-cap growth stocks, large gains were concentrated among the information technology and consumer discretionary sectors. Gains in growth-oriented stocks continued a long-term leadership trend within U.S. equities. The outperformance by large technology names helped the largest-capitalization portion of the Russell 1000^® Index outperform medium-capitalization stocks within the benchmark during the reporting period.

The financials sector underperformed as investors grew increasingly concerned about the impact of the economy and interest rates on profitability within the sector. The energy sector fell significantly during the fiscal year as the demand for oil declined during the pandemic.

The outperformance of information technology and consumer discretionary stocks, along with the underperformance of the energy, financials and utilities sectors, were key drivers of return differences between value and growth portfolios.

The Fund’s greater emphasis on medium-capitalization stocks and value stocks, relative to the benchmark, was a performance headwind during the reporting period. An underweight to the information technology sector, and specifically the technology hardware industry, hurt the Fund’s relative performance. The Fund’s overweights to the energy and financials sectors further created headwinds for the Fund. Security selection within the consumer discretionary and communication services sectors also detracted. However, the Fund’s underweights to the utilities and real-estate sectors were beneficial.

LSV, one of the Fund’s value managers, underperformed significantly due to its medium-capitalization exposure and its substantial allocation to deep-value stocks, which lagged significantly during the fiscal year. The Fund’s other two value managers, Ceredex and Brandywine, also lagged due to style headwinds. One of the Fund’s stability managers, Coho, lagged as a result of poor security selection within the energy sector, as well as an underweight to technology and internet-related holdings. SIMC’s Factor Based Momentum strategy lagged slightly due to security selection within the information technology sector.

Alger, a momentum manager, outperformed due to its large allocation to the information technology sector, as well as favorable security selection within the consumer discretionary and health care sectors. Mar Vista, a stability manager, outperformed and benefited from an underweight to the energy sector and strong security selection within the real estate sector.

Investing is subject to risk, including the possible loss of principal. Past performance is no indication of future results.

SEI Institutional Managed Trust / Annual Report / September 30, 2020

AVERAGE ANNUAL TOTAL RETURN¹


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

Large Cap Fund, Class F		7.67%		8.36%		10.56%		11.40%		11.18%

Large Cap Fund, Class Y		7.86%		8.61%		10.83%		11.55%		11.32%

Russell 1000^® Index		16.01%		12.38%		14.09%		13.76%		13.47%

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

LOGO

For the year ended 9/30/20. Past performance is no indication of future performance. Class F shares were offered beginning 9/30/09. Class Y shares were offered beginning 12/31/14. For periods prior to 12/31/14, the performance of the Fund’s Class F Shares has been used. Returns for Class Y Shares would have been substantially similar to those of Class F Shares and would have differed only to the extent that Class Y Shares have lower total annual fund operating expenses than Class F Shares. Returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The returns for the period reflect fee waivers and/or reimbursements in effect for the period; absent fee waivers and reimbursements, performance would have been lower.

SEI Institutional Managed Trust / Annual Report / September 30, 2020

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FUND PERFORMANCE

September 30, 2020 (Unaudited)

Large Cap Value Fund

I. Objective

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

II. Investment Approach

The Fund uses a multi-manager approach, relying on a number of sub-advisors with differing investment philosophies and strategies to manage portions of the Fund’s portfolio, under the general supervision of SEI Investments Management Corporation (SIMC). Assets of the Fund not allocated to sub-advisors are managed directly by SIMC. The Fund utilized the following sub-advisors as of September 30, 2020: Brandywine Global Investment Management, LLC (Brandywine), LSV Asset Management (LSV), Parametric Portfolio Associates LLC (Parametric) and Schafer Cullen Capital Management, Inc. (Schafer Cullen).

During the Fund’s fiscal year, AQR Capital Management, LLC (AQR), was removed from the Fund.

III. Returns

For the full year ended September 30, 2020, the Large Cap Value Fund, Class F, returned -9.96%. The Fund’s benchmark—the Russell 1000^® Value Index, which tracks the performance of the large-cap value segment of the U.S. equity universe—returned -5.03%.

IV. Performance Discussion

The financials sector underperformed as investors grew increasingly concerned about the impact of the economy and interest rates on profitability within the sector. The health care, materials and information technology sectors appeared to be less vulnerable to the economic shocks of the pandemic and generally outperformed other sectors within the Russell 1000^® Value Index. Stocks with lower valuation ratios underperformed relative to those with moderate valuation ratios. Larger-capitalization value stocks outperformed medium-capitalization value stocks.

The Fund’s greater emphasis on medium-capitalization stocks detracted from performance for the fiscal year. From a sector perspective, the Fund was positioned more favorably than the Russell 1000^® Value Index and benefited from overweights to the health care, materials, and information technology sectors, as well as an underweight to the real-estate sector. Security selection within the consumer staples and financials sectors detracted due to holdings within the beverages and banking industries.

LSV underperformed significantly due to its medium-capitalization exposure and its substantial allocation to deep-value stocks, which declined more than other value stocks during the fiscal year. LSV’s overweight to the financials sector detracted. Schafer Cullen lagged to a lesser extent as its holdings in the banking, insurance and aerospace industries underperformed. The SIMC Factor Based Value strategy underperformed due to its tilt toward medium-capitalization stocks within the Russell 1000^® Value Index. Prior to its termination from the Fund, AQR underperformed due to poor security selection within the financials and industrials sectors.

Brandywine outperformed the Russell 1000^® Value Index and benefited from an overweight to and favorable security selection within the materials sector.

Investing is subject to risk, including the possible loss of principal. Past performance is no indication of future results.

SEI Institutional Managed Trust / Annual Report / September 30, 2020

AVERAGE ANNUAL TOTAL RETURN¹


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

Large Cap Value Fund, Class F		-9.96%		-0.16%		5.31%		8.40%		7.91%

Large Cap Value Fund, Class I		-10.17%		-0.39%		5.07%		8.15%		7.63%

Large Cap Value Fund, Class Y		-9.76%		0.09%		5.56%		8.53%		7.96%

Russell 1000^® Value Index		-5.03%		2.63%		7.66%		9.95%		9.09%

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

LOGO

For the year ended 9/30/20. Past performance is no indication of future performance. Class F shares were offered beginning 10/3/94 and Class I shares were offered beginning 8/6/01. The performance of Class I shares prior to 8/6/01 is calculated using the performance of the fund’s Class F shares adjusted for the higher expenses of the Class I shares. Class Y shares were offered beginning 10/30/15. For periods prior to 10/30/15, the performance of the Fund’s Class F Shares has been used. Returns for Class Y Shares would have been substantially similar to those of Class F Shares and would have differed only to the extent that Class Y Shares have lower total annual fund operating expenses than Class F Shares. Returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The returns for certain periods reflect fee waivers and/or reimbursements in effect for that period; absent fee waivers and reimbursements, performance would have been lower.

SEI Institutional Managed Trust / Annual Report / September 30, 2020

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FUND PERFORMANCE

September 30, 2020 (Unaudited)

Large Cap Growth Fund

I. Objective

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

II. Investment Approach

The Fund uses a multi-manager approach, relying on a number of sub-advisors with differing investment philosophies and strategies to manage portions of the Fund’s portfolio, under the general supervision of SEI Investments Management Corporation (SIMC). Assets of the Fund not allocated to sub-advisors are managed directly by SIMC. The Fund utilized the following sub-advisors as of September 30, 2020: Fiera Capital Inc. (Fiera), Fred Alger Management, Inc. (Alger), McKinley Capital Management, LLC (McKinley), and Parametric Portfolio Associates LLC (Parametric).

No manager changes were made during the Fund’s fiscal year.

III. Returns

For the full year ended September 30, 2020, the Large Cap Growth Fund, Class F, returned 34.07%. The Fund’s benchmark—the Russell 1000^® Growth Index, which tracks the performance of the large-cap growth segment of the U.S. equity universe—returned 37.53%.

IV. Performance Discussion

As noted in the shareholder letter, the economy and corporate earnings contracted during the fiscal year due to the COVID-19 pandemic that began in early 2020. Interest rates declined as central banks lowered rates amid expectations that inflation wouldn’t rise anytime in the near future. Among U.S. large-cap growth stocks, large gains were concentrated among the information technology, consumer discretionary and communication services sectors. The outperformance by large technology names helped the largest-capitalization portion of the Russell 1000^® Growth Index outperform medium-capitalization stocks within the benchmark during the reporting period.

The financials sector underperformed as investors became more concerned about the impact of the weak economy and low interest rates on profitability. The industrials sector lagged during the fiscal year as the pandemic caused traditional cyclical sectors to be out of favor. However, some non-cyclical sectors within the Russell 1000^® Growth Index, such as health care and consumer staples, also lagged as they didn’t have rapid sales growth in common with the high flyers of the market environment.

The Fund’s greater emphasis on medium-capitalization stocks was a performance headwind during the reporting period. The Fund’s underweight to information technology, and the technology hardware industry in particular, also detracted. The Fund’s overweight to the financials sector further weakened relative returns. However, Fund underweights to the industrials and real-estate sectors were beneficial as those sectors lagged.

Fiera was the worst-performing manager and was hurt by an underweight to the information technology sector and an overweight to the financials sector. SIMC’s Factor Based Momentum strategy underperformed due to its tilts away from the largest-capitalization stocks and also underweights to some of the high-flying stocks of companies that had not yet been able to achieve favorable profit margins despite rapid sales growth rates. McKinley lagged due to negative security-selection effects within the health care and communication services sectors.

Investing is subject to risk, including the possible loss of principal. Past performance is no indication of future results.

SEI Institutional Managed Trust / Annual Report / September 30, 2020

AVERAGE ANNUAL TOTAL RETURN¹


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

Large Cap Growth Fund, Class F		34.07%		19.65%		17.06%		14.94%		9.49%

Large Cap Growth Fund, Class I		33.75%		19.37%		16.80%		14.68%		9.18%

Large Cap Growth Fund, Class Y		34.39%		19.95%		17.35%		15.08%		9.54%

Russell 1000^® Growth Index		37.53%		21.67%		20.10%		17.25%		10.79%

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

LOGO

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

SEI Institutional Managed Trust / Annual Report / September 30, 2020

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FUND PERFORMANCE

September 30, 2020 (Unaudited)

Large Cap Index Fund

I. Objective

The Large Cap Index Fund (the “Fund”) seeks to track the performance of a benchmark index that measures the investment return of large-capitalization stocks.

II. Investment Approach

The Fund uses a sub-advisor to manage the Fund’s portfolio under the general supervision of SEI Investments Management Corporation (SIMC). The sole sub-advisor as of September 30, 2020, was SSGA Funds Management, Inc. (SSGA).

III. Returns

For the full year ended September 30, 2020, the Large Cap Index Fund, Class F, returned 15.67%. The Fund’s benchmark—the Russell 1000^® Index, which tracks the performance of approximately 1,000 large- and mid-cap U.S. companies that are considered representative of the broad U.S. stock market —returned 16.01%.

IV. Performance Discussion

The Fund achieved its objective of tracking, before fees and expenses, the performance of the Russell 1000^® Index.

While the fourth quarter of 2019 was a positive one for U.S. equities, the onset of the COVID-19 pandemic during the first quarter of 2020 was the largest driver of equity performance during the fiscal year. As noted in the shareholder letter, densely populated cities that make up a large percentage of the U.S. economy were forced into lockdowns to prevent the spread of the virus, and even rural areas of the country with less risk put containment measures in place. As a result, the U.S. economy and corporate earnings contracted during the fiscal year.

Despite this contraction, U.S. large-cap stocks rebounded sharply after the initial selloff in the first quarter of 2020, as investors saw initial stimulus action by the Federal Reserve and follow-up measures by the federal government as positive catalysts. In addition, some of the largest companies in the Russell 1000^® Index actually benefited from the onset of the pandemic due to the growth in technology consumption as many individuals began working from home.

Among U.S. large-cap stocks, most of the gains were concentrated in the information technology and consumer discretionary sectors; those sectors contained most of the companies that grew as a result of the work-from-home trend. As noted in the shareholder letter, this

continued a long-term run in U.S. equity leadership, and some of the gains in these stocks were purely due to investor preferences as their valuation levels continued to climb. Outperformance by large technology names also helped the largest-capitalization portion of the Russell 1000^® Index outperform medium-capitalization stocks within the benchmark over the fiscal year.

Financials underperformed as investors became more concerned about the impact of the weak economy and low interest rates on profitability within the sector. The commitment from the Federal Reserve to keep interest rates at or near zero for as long as necessary was a particularly negative signal for banks in the minds of many investors, and as a result, the sector lagged. The energy sector fell significantly during the fiscal year as global demand for oil declined during the pandemic. While the sector did rebound from its lows in the first quarter of 2020 as demand began to climb again, investors remained concerned about the sustainability of the pre-pandemic demand and whether global consumption would ever climb to those levels again.

SEI Institutional Managed Trust / Annual Report / September 30, 2020

AVERAGE ANNUAL TOTAL RETURN¹


	1 Year Return		Annualized Inception to Date

Large Cap Index Fund, Class F		15.67%		8.79%

Russell 1000^® Index		16.01%		7.57%

Comparison of Change in the Value of a $100,000

Investment in the Large Index Cap Fund, Class F versus the Russell 1000^® Index

LOGO

For the year ended 9/30/20. Past performance is no indication of future performance. Class F shares were offered beginning 1/31/18. Returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The returns for the period reflect fee waivers and/or reimbursements in effect for the period; absent fee waivers and reimbursements, performance would have been lower.

SEI Institutional Managed Trust / Annual Report / September 30, 2020

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FUND PERFORMANCE

September 30, 2020 (Unaudited)

Tax-Managed Large Cap Fund

I. Objective

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

II. Investment Approach

The Fund uses a multi-manager approach, relying on a number of sub-advisors with differing investment approaches to manage portions of the Fund’s portfolio, under the general supervision of SEI Investments Management Corporation (SIMC). Assets of the Fund not allocated to sub-advisors are managed directly by SIMC. The Fund utilized the following sub-advisors as of September 30, 2020: Brandywine Global Investment Management, LLC (Brandywine), Coho Partners, Ltd. (Coho), Fiera Capital Inc. (Fiera), LSV Asset Management (LSV), Mar Vista Investment Partners, LLC (Mar Vista), Parametric Portfolio Associates LLC (Parametric) and Schafer Cullen Capital Management (Schafer Cullen).

No manager changes were made during the Fund’s fiscal year.

III. Returns

For the full year ended September 30, 2020, the Tax-Managed Large Cap Fund, Class F, returned 7.84%. The Fund’s benchmark—the Russell 1000^® Index, which tracks the performance of the U.S. large-cap equity market—returned 16.01%.

IV. Performance Discussion

The financials sector underperformed as investors became more concerned about the impact of the weak economy and low interest rates on profitability. The energy sector fell significantly during the fiscal year as the demand for oil declined during the pandemic. The outperformance of information technology and consumer

discretionary stocks and the underperformance of the energy, financials and utilities sectors were key drivers of return differences between value and growth portfolios.

LSV, one of the Fund’s value managers, underperformed significantly due to its medium-capitalization exposure and its substantial allocation to deep-value stocks, which lagged significantly during the fiscal year. The Fund’s other two value managers, Schafer Cullen and Brandywine, fared somewhat better but still lagged due to their value orientation and associated exposure to the financials and energy sectors. One of the Fund’s stability managers, Coho, lagged as a result of poor security selection within the energy sector, as well as an underweight to technology and internet-related holdings.

Fiera, a stability manager, outperformed due to favorable security selection within the financials sector, although the manager’s underweight to the information technology sector detracted. MarVista also outperformed and benefited from its underweight to the energy sector and favorable security selection within the real-estate sector.

SEI Institutional Managed Trust / Annual Report / September 30, 2020

AVERAGE ANNUAL TOTAL RETURN¹


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

Tax-Managed Large Cap Fund, Class F		7.84%		8.56%		10.41%		11.49%		5.93%

Tax-Managed Large Cap Fund, Class Y		8.11%		8.82%		10.69%		11.65%		6.00%

Russell 1000^® Index		16.01%		12.38%		14.09%		13.76%		7.57%

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

LOGO

For the year ended 9/30/20. Past performance is no indication of future performance. Class F shares were offered beginning 3/5/98. Class Y shares were offered beginning 12/31/14. For periods prior to 12/31/14, the performance of the Fund’s Class F Shares has been used. Returns for Class Y Shares would have been substantially similar to those of Class F Shares and would have differed only to the extent that Class Y Shares have lower total annual fund operating expenses than Class F Shares. Returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The returns for certain periods reflect fee waivers and/or reimbursements in effect for that period; absent fee waivers and reimbursements, performance would have been lower.

SEI Institutional Managed Trust / Annual Report / September 30, 2020

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FUND PERFORMANCE

September 30, 2020 (Unaudited)

S&P 500 Index Fund

I. Objective

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

II. Investment Approach

No manager changes were made during the Fund’s fiscal year.

III. Returns

For the full year ended September 30, 2020, the S&P 500 Index Fund, Class F, returned 14.82%. The Fund’s benchmark—the S&P 500 Index (Gross), which tracks the performance of approximately 500 large U.S. companies that are considered representative of the broad U.S. stock market—returned 15.15%.

IV. Performance Discussion

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

Despite this contraction, U.S. large-cap stocks rebounded sharply after the initial selloff in the first quarter of 2020, as investors saw initial stimulus action by the Federal Reserve and follow-up measures by the federal government as positive catalysts. In addition, some of the largest companies in the S&P 500 Index actually benefited from the onset of the pandemic due to the growth in technology consumption as many individuals began working from home.

Among U.S. large-cap stocks, most of the gains were concentrated in the information technology and consumer discretionary sectors; those sectors contained

most of the companies that grew as a result of the work-from-home trend. As noted in the shareholder letter, this continued a long-term run in U.S. equity leadership, and some of the gains in these stocks were purely due to investor preferences as their valuation levels continued to climb. Outperformance by large technology names also helped the largest-capitalization portion of the S&P 500 Index outperform medium-capitalization stocks within the benchmark over the fiscal year.

Financials underperformed as investors became more concerned about the impact of the weak economy and low interest rates on profitability within the sector. The commitment from the Federal Reserve to keep interest rates at or near zero for as long as necessary was a particularly negative signal for banks in the minds of many investors, and as a result, the sector lagged. The energy sector fell significantly during the fiscal year as global demand for oil declined during the pandemic. While the sector did rebound from its lows in the first quarter of 2020 as demand began to climb again, investors remained concerned about the sustainability of pre-pandemic demand and whether global consumption would ever climb to those levels again.

Investing is subject to risk, including the possible loss of principal. Past performance is no indication of future results.

AVERAGE ANNUAL TOTAL RETURN¹


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

S&P 500 Index Fund, Class F		14.82%		11.99%		13.78%		13.34%		8.58%

S&P 500 Index Fund, Class I		14.37%		11.56%		13.42%		13.04%		8.45%

S&P 500 Index (Gross)		15.15%		12.28%		14.15%		13.74%		9.01%

SEI Institutional Managed Trust / Annual Report / September 30, 2020

Comparison of Change in the Value of a $100,000

Investment in the S&P 500 Index Fund, Class F and Class I, versus the S&P 500 Index (Gross)

LOGO

For the year ended 9/30/20. Past performance is not an indication of future performance. Class F shares were offered beginning 2/28/96. Class I shares were offered beginning 6/28/02. The performance of Class I shares prior to 6/28/02 is calculated using the performance of the fund’s Class F shares adjusted for the higher expenses of the Class I shares. Returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The returns for certain periods reflect fee waivers and reimbursements, performance would have been lower.

SEI Institutional Managed Trust / Annual Report / September 30, 2020

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FUND PERFORMANCE

September 30, 2020 (Unaudited)

Small Cap Fund

I. Objective

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

II. Investment Approach

The Fund uses a multi-manager approach, relying on a number of sub-advisors with differing investment approaches to manage portions of the Fund’s portfolio, under the general supervision of SEI Investments Management Corporation (SIMC). Assets of the Fund not allocated to sub-advisors are managed directly by SIMC. The Fund utilized the following sub-advisors as of September 30, 2020: Copeland Capital Management, LLC (Copeland), EAM Investors, LLC (EAM), Hillsdale Investment Management Inc. (Hillsdale), LMCG Investments, LLC (LMCG), Los Angeles Capital Management (LA Capital), Parametric Portfolio Associates LLC (Parametric) and Snow Capital Management L.P. (Snow).

During the period, Hillsdale Investment Management Inc. and Los Angeles Capital Management were added to the Fund, while Falcon Point Capital, LLC (Falcon Point), Rice Hall James & Associates, LLC (Rice Hall), and SIMC’s Factor Based Momentum strategy were removed from the Fund.

III. Returns

For the full year ended September 30, 2020, the Small Cap Fund, Class F, returned -2.60%. The Fund’s benchmark—the Russell 2000^® Index, which tracks the performance of the U.S. small-cap equity market—returned 0.39%.

IV. Performance Discussion

The fiscal year ending September 30, 2020, was characterized by the global spread of COVD-19. Though the virus had been identified and had begun spreading from its point of origin—the city of Wuhan in the Hubei province of China—since the end of the 2019 calendar year, U.S. markets did not begin to react until the end of February, when domestic cases began to rise quickly. From this point, the market decline was the most rapid in history, and the Russell 2000 Index shed over 30% in the first quarter of 2020. Consumer discretionary stocks were among the hardest hit as shelter-in-place orders were rolled out across most of the country. Hotels, restaurants, airlines, and cruise lines sold off dramatically as social distancing put these industries in peril.

Energy more than doubled the losses of the index during the first three months of 2020, as oil prices cratered

amid slumping demand and a price war initiated by Saudi Arabia and Russia. Oil had its worst day of trading since the Gulf War in 1991, and for a brief period, futures contracts for the commodity turned negative as concerns around storage capacity came to a fever pitch. This was only compounded by the steep decline in global travel and commerce.

As noted in the shareholder letter, the Federal Reserve (Fed) fired its “bazookas” in response to the turmoil, slashing the federal-funds rate to near zero in an emergency session; the central bank further instituted a trillion dollar repo program to shore up liquidity. The Fed also revealed its Commercial Paper Funding Facility to purchase corporate bonds, a measure last seen in the global financial crisis. Additionally, Congress passed the largest-ever stimulus package, which provided $2 trillion in funding to corporations, state and local governments, direct payments to American citizens, and healthcare providers. The first series of new jobless claims following the mandatory closures of many businesses across the country topped 3 million, dwarfing all previous records, and subsequent reports were not materially better.

During the second quarter of 2020, there was a near complete reversal of the previous quarter’s disastrous market performance as lockdown restrictions eased across several U.S. states. Investor exuberance led to a “risk-on” atmosphere and was further buoyed by an unexpected drop in the unemployment rate in May, pushing many major equity indexes up by at least 20%. Areas of the market that had been especially impacted by the events of the previous quarter surged into a position of market leadership, with consumer discretionary and energy outperforming, while defensive sectors and banks lagged.

On the whole, investor preferences shifted from being unilaterally risk-averse in the first quarter of 2020 (as lock-down measures took effect), to being more risk-driven in concert with either fiscal or monetary stimulus from Congress or the Federal Reserve. Large-cap technology stocks seemed to be the new defensive haven as growth remained in vogue both into and through the market decline, only showing some relative weakness during the last month of the reporting period. Value remained out of favor, with only brief glimmers of outperformance. Investors seemed to factor in the extraordinary measures the Fed was willing to take to provide a backstop for markets amid the crisis, as factors like valuation and profitability failed to materially outperform the broader Russell 2000 Index.

SEI Institutional Managed Trust / Annual Report / September 30, 2020

The Fund underperformed its benchmark during the fiscal year due to weak stock selection within the health care, consumer discretionary and industrials sectors. An underweight to health care also detracted. Selection in financials and an underweight to real estate contributed, although not enough to overcome the detractors.

LMCG was the largest detractor over the period as the manager’s value and low-volatility biases both faced headwinds. Specifically, the manager was hurt by an underweight to health care. Copeland also detracted. The manager was challenged by an underweight to and selection within health care.

EAM was the top contributor as price momentum was the most consistent performing factor over the reporting period. This was a result of selection within information technology and financials, as well as an overweight to health care.

During the year, Rice Hall, Falcon Point, and SIMC’s Factor Based Momentum strategy were terminated from the Fund. They were replaced by Hillsdale’s quantitative momentum strategy and LA Capital’s micro-cap multifactor quantitative strategy. Rice Hall and Falcon Point both benefited from growth biases but faced headwinds due to their valuation sensitivity. SIMC’s Factor Based Momentum strategy detracted due to poor selection within the healthcare and financials sectors. During its time in the Fund, Hillsdale detracted due to its underweight and selection within the healthcare and consumer discretionary sectors; LA Capital contributed as its quantitative strategy benefited during the strong rally that followed the initial market selloff during the first quarter of 2020.

Investing is subject to risk, including the possible loss of principal. Past performance is no indication of future results

AVERAGE ANNUAL TOTAL RETURN¹


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

Small Cap Fund, Class F		-2.60%		0.12%		4.33%		7.54%		7.91%

Small Cap Fund, Class Y		-2.23%		0.39%		4.60%		7.70%		8.05%

Russell 2000^® Index		0.39%		1.77%		8.00%		9.85%		10.17%

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

LOGO

For the year ended 9/30/20. Past performance is not an indication of future performance. Class F shares were offered beginning 9/30/09. Class Y shares were offered beginning 12/31/14. For periods prior to 12/31/14, the performance of the Fund’s Class F Shares has been used. Returns for Class Y Shares would have been substantially similar to those of Class F Shares and would have differed only to the extent that Class Y Shares have lower total annual fund operating expenses than Class F Shares. Returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The returns for certain periods reflect fee waivers and reimbursements, performance would have been lower.

SEI Institutional Managed Trust / Annual Report / September 30, 2020

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FUND PERFORMANCE

September 30, 2020 (Unaudited)

Small Cap Value Fund

I. Objective

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

II. Investment Approach

The Fund uses a multi-manager approach, relying on a number of sub-advisors with differing investment approaches to manage portions of the Fund’s portfolio, under the general supervision of SEI Investments Management Corporation (SIMC). Assets of the Fund not allocated to sub-advisors are managed directly by SIMC. The Fund utilized the following sub-advisors as of September 30, 2020: Cardinal Capital Management, L.L.C. (Cardinal), LSV Asset Management (LSV), Parametric Portfolio Associates LLC (Parametric) and Snow Capital Management, L.P. (Snow).

No manager changes were made during the Fund’s fiscal year.

Returns

For the full year ended September 30, 2020, the Small Cap Value Fund, Class F, returned -16.03%. The Fund’s benchmark—the Russell 2000^® Value Index, which tracks the performance of the small-cap value segment of the U.S. equity universe—returned -14.88%.

III. Performance Discussion

The fiscal year ending September 30, 2020, was characterized by the global spread of COVD-19. Though the virus had been identified and had begun spreading from its point of origin—the city of Wuhan in the Hubei province of China—since the end of the 2019 calendar year, U.S. markets did not begin to react until the end of February, when domestic cases began to rise quickly. From this point, the market decline was the most rapid in history, and the Russell 2000^® Value Index shed over 30% in the first quarter of 2020. Consumer discretionary stocks were among the hardest hit as shelter-in-place orders were rolled out across most of the country. Hotels, restaurants, airlines, and cruise lines, in particular, sold off dramatically as social distancing put these industries in peril.

Energy more than doubled the losses of the index during the first three months of 2020, as oil prices cratered amid slumping demand and a price war initiated by Saudi Arabia and Russia. Oil had its worst day of trading since the Gulf War in 1991, and for a brief period, futures contracts for the commodity turned negative as concerns around storage capacity came to a fever pitch. This was only compounded by the steep decline in global travel and commerce.

On the whole, investor preferences shifted from being unilaterally risk-averse in the first quarter of 2020 (as lock-down measures took effect), to being more risk-driven in concert with either fiscal or monetary stimulus from Congress or the Federal Reserve. Large-cap technology stocks seemed to be the new defensive haven as growth remained in vogue both into and through the market decline, only showing some relative weakness during the last month of the reporting period. Value remained out of favor, with only brief glimmers of outperformance. Investors seemed to factor in the extraordinary measures the Fed is willing to take to provide a backstop for markets amid the crisis, as factors like valuation and profitability failed to materially outperform the broader small-cap indexes.

The Fund underperformed its benchmark during the fiscal year due to poor stock selection within real estate, consumer discretionary and information technology (although this was largely offset by an overweight to the sector). An underweight to financials, selection in materials, and an underweight to energy contributed, although not by enough to overcome the detractors.

SEI Institutional Managed Trust / Annual Report / September 30, 2020

LSV was the largest detractor on a manager basis as its systematic, deep-value strategy faced steep style headwinds, particularly in real estate and financials. Cardinal moderately detracted from Fund performance as the manager faced headwinds to its stability bias.

Snow, despite also having a strong value bias, managed to overcome value headwinds through strong stock selection, mainly by rotating into consumer discretionary stocks after the market decline and participating as the sector returned to favor. SIMC’s Factor Based Value strategy’s overweight to health care contributed.

Investing is subject to risk, including the possible loss of principal. Past performance is no indication of future results.

AVERAGE ANNUAL TOTAL RETURN¹


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

Small Cap Value Fund, Class F		-16.03%		-6.76%		0.90%		5.28%		8.03%

Small Cap Value Fund, Class I		-16.20%		-6.96%		0.68%		5.05%		7.73%

Small Cap Value Fund, Class Y		-15.80%		-6.53%		1.15%		5.42%		8.09%

Russell 2000^® Value Index		-14.88%		-5.13%		4.11%		7.09%		8.94%

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

LOGO

For the year ended 9/30/20. Past performance is no indication of future performance. Class F shares were offered beginning 12/20/94 and Class I shares were offered beginning 2/11/02. Class I shares performance for the period prior to 2/11/02 is derived from the performance of Class F shares adjusted for the higher expenses of the Class I shares. Class Y shares were offered beginning 10/30/15. For periods prior to 10/30/15, the performance of the Fund’s Class F Shares has been used. Returns for Class Y Shares would have been substantially similar to those of Class F Shares and would have differed only to the extent that

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

SEI Institutional Managed Trust / Annual Report / September 30, 2020

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FUND PERFORMANCE

September 30, 2020 (Unaudited)

Small Cap Growth Fund

I. Objective

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

II. Investment Approach

The Fund uses a multi-manager approach, relying on a number of sub-advisors with differing investment approaches to manage portions of the Fund’s portfolio, under the general supervision of SEI Investments Management Corporation (SIMC). Assets of the Fund not allocated to sub-advisers are managed directly by SIMC. The Fund utilized the following sub-advisors as of September 30, 2020: ArrowMark Colorado Holdings, LLC (ArrowMark), EAM Investors, LLC (EAM), Jackson Creek Investment Advisory, LLC (fka 361 Capital LLC) (Jackson Creek), and Parametric Portfolio Associates LLC (Parametric).

During the period, Falcon Point Capital, LLC (Falcon Point) was removed from the Fund.

III. Returns

For the full year ended September 30, 2020, the Small Cap Growth Fund, Class F, returned 5.68%. The Fund’s benchmark—the Russell 2000^® Growth Index, which tracks the performance of the small-cap growth segment of the U.S. equity universe—returned 15.71%.

IV. Performance Discussion

The fiscal year ending September 30, 2020, was characterized by the global spread of COVD-19. Though the virus had been identified and had begun spreading from its point of origin—the city of Wuhan in the Hubei province of China—since the end of the 2019 calendar year, U.S. markets did not begin to react until the end of February, when domestic cases began to rise quickly. From this point, the market decline was the most rapid in history, and the Russell 2000^® Growth Index shed over 25% in the first quarter of 2020. Consumer discretionary stocks were among the hardest hit as shelter-in-place orders were rolled out across most of the country. Hotels, restaurants, airlines, and cruise lines sold off dramatically as social distancing put the industries in peril.

only compounded by the steep decline in global travel and commerce.

On the whole, investor preferences shifted from being unilaterally risk-averse in the first quarter of 2020 (as lock-down measures took effect), to being more risk-driven in concert with either fiscal or monetary stimulus from Congress or the Federal Reserve. Large-cap technology stocks seemed to be the new defensive haven as growth remained in vogue both into and through the market decline, only showing some relative weakness during the last month of the reporting period. Value remained out of favor, with only brief glimmers of outperformance. Investors seemed to factor in the extraordinary measures the Fed is willing to take to provide a backstop for markets amid the crisis, as factors like valuation and profitability failed to materially outperform the broader Russell 2000^® Index.

The Fund underperformed its benchmark during this period, and the predominant headwind was the success of lower-quality, richly-valued companies. Stocks that exhibited these characteristics outperformed for most of the reporting period, even during the rapid market decline. Specifically, the Fund suffered from poor

SEI Institutional Managed Trust / Annual Report / September 30, 2020

selection and an underweight to biotechnology stocks, a haven for these types of companies. Selection within industrials and consumer discretionary were also large detractors.

Jackson Creek was the largest detractor over the period, mostly due to selection in health care and financials. SIMC’s Factor Based Momentum strategy also detracted and was hurt by its underweight to and selection within healthcare.

During the fiscal year, Falcon Point was removed from the Fund and most of its capital was reallocated to EAM. EAM was the only manager to contribute and benefited from strong selection within healthcare and information technology.

Investing is subject to risk, including the possible loss of principal. Past performance is no indication of future results.


AVERAGE ANNUAL TOTAL RETURN¹

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

Small Cap Growth Fund, Class F		5.68%		4.46%		8.08%		10.37%		8.76%

Small Cap Growth Fund, Class I		5.44%		4.19%		7.81%		10.09%		8.45%

Small Cap Growth Fund, Class Y		5.97%		4.71%		8.35%		10.51%		8.81%

Russell 2000^® Growth Index		15.71%		8.18%		11.42%		12.34%		8.04%

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

LOGO

¹	For the year ended 9/30/20. Past performance is not an indication of future performance. Class F shares were offered beginning 4/20/92 and Class I shares were offered beginning 8/6/01. Class I shares performance for the period

prior to 8/6/01 is derived from the performance of Class F shares adjusted for the higher expenses of Class I shares. Class Y shares were offered beginning 10/30/15. For periods prior to 10/30/15, the performance of the Fund’s Class F Shares has been used. Returns for Class Y Shares would have been substantially similar to those of Class F Shares and would have differed only to the extent that Class Y Shares have lower total annual fund operating expenses than Class F Shares. Returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The returns for certain periods reflect fee waivers and/or reimbursements in effect for that period; absent fee waivers and/or reimbursements, performance would have been lower.

SEI Institutional Managed Trust / Annual Report / September 30, 2020

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FUND PERFORMANCE

September 30, 2020 (Unaudited)

Tax-Managed Small/Mid Cap Fund

I. Objective

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

II. Investment Approach

The Fund uses a multi-manager approach, relying on a number of sub-advisers with differing investment approaches to manage portions of the Fund’s portfolio, under the general supervision of SEI Investments Management Corporation (SIMC). Assets of the Fund not allocated to sub-advisers are managed directly by SIMC. The Fund utilized the following sub-advisers during the fiscal year ending September 30, 2020: Cardinal Capital Management L.L.C. (Cardinal), Hillsdale Investment Management Inc. (Hillsdale), Martingale Asset Management, LP (Martingale), Parametric Portfolio Associates LLC (Parametric), Rice Hall James and Associates, LLC (Rice Hall) and Snow Capital Management, L.P. (Snow).

No manager changes were made during the Fund’s fiscal year.

III. Returns

For the full year ended September 30, 2020, the Tax-Managed Small/Mid Cap Fund, Class F, returned -5.47%. The Fund’s benchmark—the Russell 2500^® Index, which tracks the performance of the small- to mid-cap segment of the U.S. equity universe—returned 2.22%.

IV. Performance Discussion

The fiscal year ending September 30, 2020, was characterized by the global spread of COVD-19. Though the virus had been identified and had begun spreading from its point of origin—the city of Wuhan in the Hubei province of China—since the end of the 2019 calendar year, U.S. markets did not begin to react until the end of February, when domestic cases began to rise quickly. From this point, the market decline was the most rapid in history, and the Russell 2500^® Index shed about 30% in the first quarter of 2020. Consumer discretionary stocks were among the hardest hit as shelter-in-place orders were rolled out across most of the country. Hotels, restaurants, airlines, and cruise lines, in particular, sold off dramatically as social distancing put these industries in peril.

contracts for the commodity turned negative as concerns around storage capacity came to a fever pitch. This was only compounded by the steep decline in global travel and commerce.

On the whole, investor preferences shifted from being unilaterally risk-averse in the first quarter of 2020 (as lock-down measures took effect), to being more risk-driven in concert with either fiscal or monetary stimulus from Congress or the Federal Reserve. Large-cap technology stocks seemed to be the new defensive haven as growth remained in vogue both into and through the market decline, only showing some relative weakness during the last month of the reporting period. Value remained out of favor, with only brief glimmers of outperformance. Investors seemed to factor in the extraordinary measures the Fed is willing to take to provide a backstop for markets amid the crisis, as factors like valuation and profitability failed to materially outperform the broader small-cap indexes.

The Fund underperformed its benchmark during the fiscal year due to weak stock selection within the information technology, health care and industrials sectors. An underweight to health care detracted as

SEI Institutional Managed Trust / Annual Report / September 30, 2020

well. Selection in materials and communication services contributed, although not by enough to overcome the detractors.

Martingale was the worst-performing manager as its low-volatility investment style had a challenging period. Martingale underperformed during the market decline as stock correlations rose and the benefit of owning less-volatile stocks eroded. It trailed in the subsequent “risk-on” environment as markets rallied. Specifically, the manager struggled with selection in health care and information technology. An overweight to utilities detracted as well. Cardinal also faced style headwinds with its valuation bias. Most of the manager’s underperformance stemmed from selection, especially in technology and financials. An underweight to health care also detracted.

Rice Hall contributed and was aided by sector positioning in health care, real estate, and financials. Selection in communication services also helped.

Investing is subject to risk, including the possible loss of principal. Past performance is no indication of future results.

AVERAGE ANNUAL TOTAL RETURN¹


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

Tax-Managed Small/Mid Cap Fund, Class F		-5.47%		0.02%		4.89%		8.27%		5.91%

Tax-Managed Small/Mid Cap Fund, Class Y		-5.20%		0.26%		5.13%		8.41%		5.98%

Russell 2500^® Index		2.22%		4.45%		8.97%		10.81%		8.11%

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

LOGO

For the year ended 9/30/20. Past performance is no indication of future performance. Class F shares were offered beginning 10/31/00. Class Y shares were offered beginning 12/31/14. For periods prior to 12/31/14, the performance of the Fund’s Class F Shares has been used. Returns for Class Y Shares would have been substantially similar to those of Class F Shares and would have differed only to the extent that Class Y Shares have lower total annual fund operating expenses than Class F Shares. Returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The returns for the period reflect fee waivers and/or reimbursements in effect for the period; absent fee waivers and reimbursements, performance would have been lower.

SEI Institutional Managed Trust / Annual Report / September 30, 2020

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FUND PERFORMANCE

September 30, 2020 (Unaudited)

Mid-Cap Fund

I. Objective

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

II. Investment Approach

No manager changes were made during the Fund’s fiscal year.

III. Returns

For the full year ended September 30, 2020, the Mid-Cap Fund, Class F, returned -2.87%. The Fund’s benchmark—the Russell Midcap^® Index, which tracks the performance of the mid-cap segment of the U.S. equity universe—returned 4.55%.

IV. Performance Discussion

The fiscal year ending September 30, 2020, was characterized by the global spread of COVD-19. Though the virus had been identified and had begun spreading from its point of origin—the city of Wuhan in the Hubei province of China—since the end of the 2019 calendar year, U.S. markets did not begin to react until the end of February, when domestic cases began to rise quickly. From this point, the market decline was the most rapid in history, and the Russell Midcap^® Index shed about 27% in the first quarter of 2020. Consumer discretionary stocks were among the hardest hit as shelter-in-place orders were rolled out across most of the country. Hotels, restaurants, airlines, and cruise lines, in particular, sold off dramatically as social distancing put these industries in peril.

As noted in the shareholder letter, the Federal Reserve (Fed) fired its “bazookas” in response to the turmoil, slashing the federal-funds rate to near 0% in an emergency session; the central bank further instituted a

trillion dollar repo program to shore up liquidity. The Fed also revealed its Commercial Paper Funding Facility to purchase corporate bonds, a measure last seen in the global financial crisis. Additionally, Congress passed the largest-ever stimulus package, which provided $2 trillion in funding to corporations, state and local governments, direct payments to American citizens, and healthcare providers. The first series of new jobless claims following the mandatory closures of many businesses across the country topped 3 million, dwarfing all previous records, and subsequent reports were not materially better.

On the whole, investor preferences shifted from being unilaterally risk-averse in the first quarter of 2020 (as lock-down measures took effect), to being more risk-driven in concert with either fiscal or monetary stimulus from Congress or the Federal Reserve. Large-cap technology stocks seemed to be the new defensive haven as growth remained in vogue both into and through the market decline, only showing some relative weakness during the last month of the reporting period. Value remained out of favor, with only brief glimmers of outperformance. Investors seemed to factor in the extraordinary measures the Fed is willing to take to provide a backstop for markets amid the crisis, as factors like valuation and profitability failed to materially outperform the broader small-cap indexes.

The Fund underperformed its benchmark during the fiscal year, as QMA, the Fund’s sole manager, struggled due to security selection within information technology and health care, which was only marginally mitigated by positive positioning in those sectors. Selection within industrials and consumer staples also detracted.

Investing is subject to risk, including the possible loss of principal. Past performance is no indication of future results.

SEI Institutional Managed Trust / Annual Report / September 30, 2020


AVERAGE ANNUAL TOTAL RETURN¹


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

Mid-Cap Fund, Class F		-2.87%		2.20%		7.43%		10.17%		9.34%

Mid-Cap Fund, Class I		-3.13%		1.96%		7.20%		9.92%		9.05%

Mid-Cap Fund, Class Y		-2.61%		2.46%		7.71%		10.31%		9.39%

Russell Midcap^® Index		4.55%		7.13%		10.13%		11.76%		10.70%

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

LOGO

For the year ended 09/30/20. Past performance is not indication of future performance. Class F shares were offered beginning 2/16/93 and Class I shares were offered beginning 10/01/07. Class I shares performance for the period prior to 10/01/07 is derived from the performance of Class F shares adjusted for the higher expenses of the Class I Shares. Class Y shares were offered beginning 10/30/15. For periods prior to 10/30/15, the performance of the Fund’s Class F Shares has been used. Returns for Class Y Shares would have been substantially similar to those of Class F Shares and would have differed only to the extent that Class Y Shares have lower total annual fund operating expenses than Class F Shares. Returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The returns for the period reflect fee waivers and/or reimbursements in effect for the period; absent fee waivers and reimbursements, performance would have been lower.

SEI Institutional Managed Trust / Annual Report / September 30, 2020

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FUND PERFORMANCE

September 30, 2020 (Unaudited)

U.S. Managed Volatility Fund

I. Objective

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

II. Investment Approach

The Fund uses a multi-manager approach, relying on a number of sub-advisors with differing investment approaches to manage portions of the Fund’s portfolio, under the general supervision of SEI Investments Management Corporation (SIMC). The Fund utilized the following sub-advisors as of September 30, 2020: LSV Asset Management (LSV) and Wells Capital Management, Inc. (Wells).

No manager changes were made during the Fund’s fiscal period.

III. Returns

For the full year ended September 30, 2020, the U.S. Managed Volatility Fund, Class F, returned -4.87%. The Fund’s benchmark—the Russell 3000^® Index, which tracks the performance of 3,000 of the largest U.S.-traded stocks—returned 15.00%.

IV. Performance Discussion

The 12 months ending September 30, 2020, saw an unprecedented bout of market volatility caused by the COVID-19 outbreak. As noted in the shareholder letter, tight lockdown restrictions helped curb the spread of the virus as the pandemic paralyzed economic activity, sending the U.S. equity market into bear-market territory in March. Later in the period, extensive government stimulus measures and a quick reopening of many local economies prompted a strong market recovery and pushed most major U.S. equity indexes back to new highs. Overall, markets were driven by growth themes and the concentrated outperformance of U.S. mega-cap technology companies, while value themes and classic defensives lagged in a strong risk rally.

This year was particularly challenging for low-volatility investing. Unusually, low-volatility strategies did not provide the expected degree of downside mitigation in a period of market stress. The pandemic-related selloff did not resemble a recessionary environment. Given the unique nature of the crisis, investors favored the least exposed areas of the market to virus-related themes, regardless of sensitivity to the economic cycle. Market dynamics translated into mixed performances at the sector level; information technology and healthcare posted stellar returns alongside rebounding retailers,

while energy, financials and utilities underperformed. Energy was the worst-performing sector, hurt by a combination of a slump in industrial demand and oil-price wars.

The Fund posted negative returns in absolute terms and underperformed its benchmark. Performance was constrained by uncharacteristically weak support for the stability alpha source during the market downturn and pronounced style headwinds for low-volatility names during the ensuing rebound (consistent with the Fund’s philosophy by construction). Additional exposure to diversity, along with a preference for fundamentally attractive securities within the low-volatility space, translated into an underweight to global technological leaders and was a key detractor to Fund performance. On the positive side, low exposure to energy partially mitigated style headwinds.

Both managers achieved substantial volatility mitigation over the fiscal year. LSV posted negative total returns and was hurt by headwinds to its value-oriented return model and poor security selection. Wells was also hurt by its low-volatility mandate but was slightly more resilient thanks to additional tailwinds to its trend-following return model; the manager benefited from an underweight to the financials and energy sectors. Positive security selection within the healthcare sector also contributed.

Investing is subject to risk, including the possible loss of principal. Past performance is no indication of future results. Diversification may not protect against market risk.

AVERAGE ANNUAL TOTAL RETURN¹


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

U.S. Managed Volatility Fund, Class F		-4.87%		4.70%		7.54%		10.88%		8.18%

U.S. Managed Volatility Fund, Class I		-5.17%		4.42%		7.26%		10.60%		7.87%

U.S. Managed Volatility Fund, Class Y		-4.62%		4.97%		7.81%		11.03%		8.28%

Russell 3000^® Index		15.00%		11.65%		13.69%		13.48%		9.40%

SEI Institutional Managed Trust / Annual Report / September 30, 2020

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

LOGO

For the year ended 9/30/20. Past performance is no indication of future performance. Class F shares were offered beginning 10/28/04 and Class I shares were offered beginning 6/29/07. Class I shares performance for the period prior to 06/29/07 is derived from the performance of Class F shares adjusted for the higher expenses of the Class I shares. Class Y shares were offered beginning 12/31/14. For periods prior to 12/31/14, the performance of the Fund’s Class F Shares has been used. Returns for Class Y Shares would have been substantially similar to those of Class F Shares and would have differed only to the extent that Class Y Shares have lower total annual fund operating expenses than Class F Shares. Returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The returns for the period reflect fee waivers and/or reimbursements in effect for the period; absent fee waivers and reimbursements, performance would have been lower.

SEI Institutional Managed Trust / Annual Report / September 30, 2020

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FUND PERFORMANCE

September 30, 2020 (Unaudited)

Global Managed Volatility Fund

I. Objective

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

II. Investment Approach

The Fund uses a multi-manager approach, relying on a number of sub-advisors with differing investment philosophies to manage portions of the Fund’s portfolio under the general supervision of SEI Investments Management Corporation (SIMC). The Fund utilized the following sub-advisors as of September 30, 2020: Acadian Asset Management LLC (Acadian) and Wells Capital Management, Inc. (Wells).

III. Returns

For the full year ended September 30, 2020, the Global Managed Volatility Fund, Class F, returned -4.33%. The Fund’s benchmark—the MSCI World Index (Net), which tracks large- and mid-cap equity performance across all 23 developed-market countries—returned 10.41%.

IV. Performance Discussion

The 12 months ending September 30, 2020, saw an unprecedented bout of market volatility caused by the COVID-19 outbreak. As noted in the shareholder letter, tight lockdown restrictions helped curb the spread of the virus as the pandemic paralyzed economic activity, sending many global equity markets into bear-market territory in March. Later in the period, extensive government stimulus measures and a quick reopening of global economies prompted a strong market recovery and pushed many world equity indexes back to new highs. Overall, markets were driven by growth themes and the concentrated outperformance of U.S. mega-cap technology companies, while value themes and classic defensives lagged in a strong risk rally.

combination of a slump in industrial demand and oil-price wars.

The Fund posted negative returns in absolute terms and underperformed its benchmark. Performance was constrained by uncharacteristically weak support for the stability alpha source¹ during the market downturn and pronounced style headwinds for low-volatility names during the ensuing rebound. Additional exposure to diversity, along with a preference for fundamentally attractive securities within the low-volatility space, translated into an underweight to global technological leaders and was a key detractor to Fund performance. On the positive side, low exposure to energy partially mitigated style headwinds.

Both managers achieved substantial volatility reduction over the fiscal year but registered negative total returns. Acadian posted weaker returns as style and diversity headwinds were amplified by a value bias and negative security selection. Wells was also hurt by its low-volatility mandate but was slightly more resilient thanks to additional tailwinds to its trend-following return model.

In managing the Fund’s currency exposure from foreign securities, the Fund may buy and sell futures or forward contracts on currencies for hedging purposes. In the environment of a weakening U.S. dollar against major currencies, hedging back the exposure to non-U.S. countries detracted.

Investing is subject to risk, including the possible loss of principal. Past performance is no indication of future results. Diversification may not protect against market risk.

SEI Institutional Managed Trust / Annual Report / September 30, 2020


AVERAGE ANNUAL TOTAL RETURN²

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

Global Managed Volatility Fund, Class F		-4.33%		2.71%		6.37%		8.49%		4.83%

Global Managed Volatility Fund, Class I		-4.51%		2.47%		6.13%		8.20%		4.54%

Global Managed Volatility Fund, Class Y		-4.08%		2.97%		6.65%		8.65%		5.96%

MSCI World Index (Net)		10.41%		7.74%		10.48%		9.37%		6.37%

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

LOGO

1	The driver of returns for the stability alpha source involves investor tendencies to undervalue lower-risk, higher-stability businesses—resulting from a focus on short time horizons and overconfidence in forecasts for momentum-driven stocks.

For the year ended 9/30/20. Past performance is no indication of future performance. Class F shares were offered beginning 7/27/06 and Class I shares were offered beginning 6/29/07. Class I shares performance for the period prior to 06/29/07 is derived from the performance of Class F shares adjusted for the higher expenses of the Class I shares. Class Y shares were offered beginning 12/31/14. For periods prior to 12/31/14, the performance of the Fund’s Class F Shares has been used. Returns for Class Y Shares would have been substantially similar to those of Class F Shares and would have differed only to the extent that Class Y Shares have lower total annual fund operating expenses than Class F Shares. Returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The returns for the period reflect fee waivers and/or reimbursements in effect for the period; absent fee waivers and reimbursements, performance would have been lower.

SEI Institutional Managed Trust / Annual Report / September 30, 2020

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FUND PERFORMANCE

September 30, 2020 (Unaudited)

Tax-Managed Managed Volatility Fund

I. Objective

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

II. Investment Approach

The Fund uses a multi-manager approach, relying on a number of sub-advisors with differing investment approaches, to manage portions of the Fund’s portfolio under the general supervision of SEI Investments Management Corporation. (SIMC). The Fund utilized the following sub-advisors as of September 30, 2020: LSV Asset Management (LSV), Parametric Portfolio Associates LLC (Parametric) and Wells Capital Management, Inc. (Wells).

III. Returns

For the full year ended September 30, 2020, the Tax-Managed Managed Volatility Fund, Class F, returned -1.53%. The Fund’s benchmark—the Russell 3000^® Index, which tracks the performance of 3,000 of the largest U.S.-traded stocks—returned 15.00%.

IV. Performance Discussion

Energy was the worst-performing sector, hurt by a combination of a slump in industrial demand and oil-price wars.

All managers achieved a substantial volatility mitigation over the reporting period. LSV posted negative total returns and was hurt by headwinds to its value-oriented return model and poor security selection. Wells was also hurt by its low-volatility mandate but was slightly more resilient thanks to additional tailwinds to its trend-following return model.

Investing is subject to risk, including the possible loss of principal. Past performance is no indication of future results.

SEI Institutional Managed Trust / Annual Report / September 30, 2020


AVERAGE ANNUAL TOTAL RETURN²

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

Tax-Managed Managed Volatility Fund, Class F		-1.53%		5.81%		8.45%		11.13%		8.25%

Tax-Managed Managed Volatility Fund, Class Y		-1.34%		6.07%		8.70%		11.28%		8.36%

Russell 3000^® Index		15.00%		11.65%		13.69%		13.48%		8.98%

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

LOGO

1	The driver of returns for the stability alpha source involves investor tendencies to undervalue lower-risk, higher-stability businesses—resulting from a focus on short time horizons and overconfidence in forecasts for momentum-driven stocks.

For the year ended 9/30/20. Past performance is not an indication of future performance. Class F shares were offered beginning 12/20/07 and Class Y shares were offered beginning 4/30/15. For periods prior to 4/30/15, the performance of the Fund’s Class F Shares has been used. Returns for Class Y Shares would have been substantially similar to those of Class F Shares and would have differed only to the extent that Class Y Shares have lower total annual fund operating expenses than Class F Shares. Returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The returns for certain periods reflect fee waivers and/or reimbursements in effect for that period; absent fee waivers and/or reimbursements, performance would have been lower.

SEI Institutional Managed Trust / Annual Report / September 30, 2020

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FUND PERFORMANCE

September 30, 2020 (Unaudited)

Tax-Managed International Managed Volatility Fund

I. Objective

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

II. Investment Approach

The Fund uses a multi-manager approach, relying on a number of sub-advisors with differing investment approaches to manage portions of the Fund’s portfolio, under the general supervision of SEI Investments Management Corporation (SIMC). The Fund utilized the following sub-advisors as of September 30, 2020: Acadian Asset Management LLC (Acadian), LSV Asset Management (LSV), Parametric Portfolio Associates LLC (Parametric) and Wells Capital Management Incorporated (Wells).

No manager changes were made during the Fund’s fiscal period.

III. Returns

For the full year ended September 30, 2020, the Tax-Managed International Managed Volatility Fund, Class F, returned -3.08%. The Fund’s benchmark—the MSCI EAFE Index (Net), which tracks equity performance of developed markets outside the U.S. and Canada—returned 0.49%.

IV. Performance Discussion

The 12 months ending September 30, 2020, saw an unprecedented bout of market volatility caused by the COVID-19 outbreak. As noted in the shareholder letter, tight lockdown restrictions helped curb the spread of the virus as the pandemic paralyzed economic activity, sending many global equity markets into bear-market territory in March. Later in the period, extensive government stimulus measures and a quick reopening of global economies prompted a strong market recovery and pushed many world equity indexes back to new highs. Overall, markets were driven by growth themes and the concentrated outperformance of U.S. mega-cap technology companies, while value themes and classic defensives lagged in a strong risk rally.

regardless of sensitivity to the economic cycle. Market dynamics translated into mixed performances at the sector level; information technology and healthcare posted stellar returns alongside rebounding retailers, while energy, financials and utilities underperformed. Energy was the worst-performing sector, hurt by a combination of a slump in industrial demand and oil-price wars.

The Fund posted negative returns in absolute terms and underperformed its benchmark. Performance was constrained by uncharacteristically weak support for the stability alpha source¹ during the market downturn and pronounced style headwinds for low-volatility names during the ensuing rebound. On the positive side, favorable country and sector positioning, particularly an underweight to U.K. equities, partially offset additional headwinds to cheaper names within the low-volatility space.

All managers achieved a substantial volatility mitigation over the reporting period. LSV posted negative total returns and was hurt by headwinds to its value-oriented return model and poor security selection, particularly in Japanese telecommunication services. Wells was also hurt by its low-volatility mandate but was slightly more resilient thanks to additional tailwinds to its trend-following return model; the manager benefited from an underweight to U.K. equities and avoidance of the financials and energy sectors. Positive security selection within the healthcare sector also contributed.

¹ The driver of returns for the stability alpha source involves investor tendencies to undervalue lower-risk, higher-stability businesses—resulting from a focus on short time horizons and overconfidence in forecasts for momentum-driven stocks.

Investing is subject to risk, including the possible loss of principal. Past performance is no indication of future results.

SEI Institutional Managed Trust / Annual Report / September 30, 2020


AVERAGE ANNUAL TOTAL RETURN¹

	1 Year Return		3 Year Return		Annualized Inception to Date

Tax-Managed International Managed Volatility Fund, Class F		-3.08%		-1.65%		2.44%

Tax-Managed International Managed Volatility Fund, Class Y		-2.84%		-1.40%		2.70%

MSCI EAFE Index (Net)		0.49%		0.62%		5.71%

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

LOGO

For the year ended 9/30/20. Past performance is not an indication of future performance. Class F shares and Class Y shares were offered beginning 10/17/16. Returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The returns for certain periods reflect fee waivers and/or reimbursements in effect for that period; absent fee waivers and/or reimbursements, performance would have been lower.

SEI Institutional Managed Trust / Annual Report / September 30, 2020

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FUND PERFORMANCE

September 30, 2020 (Unaudited)

Real Estate Fund

I. Objective

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

II. Investment Approach

No manager changes were made during the Fund’s fiscal year.

III. Returns

For the full year ended September 30, 2020, the Real Estate Fund, Class F, returned -14.21%. The Fund’s benchmark—Wilshire U.S. Real Estate Securities Index, which tracks the performance of the U.S. real-estate market and includes both real-estate investment trusts and real-estate operating companies—returned -17.75%.

IV. Performance Discussion

The fiscal year ending September 30, 2020, was characterized by the global spread of COVD-19. Though the virus had been identified and had begun spreading from its point of origin—the city of Wuhan in the Hubei province of China—since the end of the 2019 calendar year, U.S. markets did not begin to react until the end of February, when domestic cases began to rise quickly. From this point, the U.S. equity market decline was the most rapid in history. Consumer discretionary stocks were among the hardest hit as shelter-in-place orders were rolled out across most of the country. Hotels, restaurants, airlines, and cruise lines, in particular, sold off dramatically as social distancing put these industries in peril.

As noted in the shareholder letter, the Federal Reserve (Fed) fired its “bazookas” in response to the turmoil, slashing the federal-funds rate to near zero in an

emergency session; the central bank further instituted a trillion dollar repo program to shore up liquidity. The Fed also revealed its Commercial Paper Funding Facility to purchase corporate bonds, a measure last seen in the global financial crisis. Additionally, Congress passed the largest-ever stimulus package, which provided $2 trillion in funding to corporations, state and local governments, direct payments to American citizens, and healthcare providers. The first series of new jobless claims following the mandatory closures of many businesses across the country topped 3 million, dwarfing all previous records, and subsequent reports were not materially better.

On the whole, investor preferences shifted from being unilaterally risk-averse in the first quarter of 2020 (as lock-down measures took effect), to being more risk-driven in concert with either fiscal or monetary stimulus from Congress or the Federal Reserve. Large-cap technology stocks seemed to be the new defensive haven as growth remained in vogue both into and through the market decline, only showing some relative weakness during the last month of the reporting period. Value remained out of favor, with only brief glimmers of outperformance. Investors seemed to factor in the extraordinary measures the Fed is willing to take to provide a backstop for markets amid the crisis, as factors like valuation and profitability failed to materially outperform the broader small-cap indexes.

The Fund outperformed its benchmark during the fiscal year, as CenterSquare, the Fund’s sole manager, exhibited strong security selection. An off-benchmark allocation to towers benefited returns, as did an underweight to and selection within regional malls. Underweights to industrials and apartments both detracted, as did an overweight to offices.

Investing is subject to risk, including the possible loss of principal. Past performance is no indication of future results.

SEI Institutional Managed Trust / Annual Report / September 30, 2020


AVERAGE ANNUAL TOTAL RETURN¹

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

Real Estate Fund, Class F		-14.21%		1.88%		4.25%		7.89%		7.66%

Real Estate Fund, Class I		-14.38%		1.65%		4.02%		7.65%		7.41%

Real Estate Fund, Class Y		-14.04%		2.12%		4.51%		8.04%		7.74%

Wilshire U.S. Real Estate Securities Index		-17.75%		0.42%		3.87%		8.12%		7.89%

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

LOGO

For the year ended 9/30/20. Past performance is not an indication of future performance. Class F shares were offered beginning 11/13/03 and Class I shares were offered beginning 10/01/07. Class I shares performance for the period prior to 10/01/07 is derived from the performance of Class F shares adjusted for the higher expenses of Class I shares. Class Y shares were offered beginning 12/31/14. For periods prior to 12/31/14, the performance of the Fund’s Class F Shares has been used. Returns for Class Y Shares would have been substantially similar to those of Class F Shares and would have differed only to the extent that Class Y Shares have lower total annual fund operating expenses than Class F Shares. Returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The returns for certain periods reflect fee waivers and/or reimbursements in effect for that period; absent fee waivers and/or reimbursements, performance would have been lower.

SEI Institutional Managed Trust / Annual Report / September 30, 2020

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FUND PERFORMANCE

September 30, 2020 (Unaudited)

Core Fixed Income Fund

I. Objective

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

II. Investment Approach

The Fund uses a multi-manager approach, relying on a number of sub-advisors with differing investment approaches to manage portions of the Fund’s portfolio, under the general supervision of SEI Investments Management Corporation (SIMC). The Fund utilized the following sub-advisors as of September 30, 2020: Jennison Associates LLC (Jennison), MetLife Investment Management, LLC (MetLife), Metropolitan West Asset Management LLC (MetWest), Wells Capital Management, Inc. (Wells), Western Asset Management Company and Western Asset Management Company Limited (Western).

No manager changes were made during the Fund’s fiscal year.

III. Returns

For the full year ended September 30, 2020, the Core Fixed Income Fund, Class F, returned 7.75%, while the Fund’s benchmark—the Bloomberg Barclays US Aggregate Bond Index, which tracks the performance of the investment-grade, U.S. dollar-denominated, fixed-rate taxable bond market—returned 6.98%.

IV. Performance Discussion

As noted in the shareholder letter, U.S. Treasury yields declined during the fiscal year. The Federal Reserve (Fed) cut its benchmark rate to near zero in March to combat the effects of government-induced lockdowns in response to the spread of COVID-19; the Fed also instituted unlimited asset purchases of Treasurys and agency mortgages and created other special purpose vehicles to help support credit markets. Short-term yields declined in a greater magnitude than long-term yields, as the Fed is expected to keep rates low for the next several quarters. Although lockdowns were eased later in the period and markets recovered after concerted global central bank activity, the path of the virus remained one of the largest risks to the global growth outlook. Other risks included concerns about U.S.-China trade tensions, Brexit and U.S. elections. The reporting period ended with record issuance of government bonds to fund increased spending and corporate bond yields declining to record lows.

The Fund’s slightly longer duration and overweight to 30-year U.S. Treasurys, which established a record low

yield below 1.00% in March—benefited performance as yields declined. As Treasury yields fell, corporates underperformed, while agency mortgage-backed securities (MBS) and asset-backed securities (ABS) generated positive excess returns. Security selection within corporates enhanced performance, although an overweight to the sector was a small negative. Overweights to MBS and ABS were positive, while an overweight to commercial mortgage-backed securities (CMBS) detracted. Allocations to non-agency MBS were also modest detractors as the sector recovered slowly after a liquidity induced selloff in March. Small allocations to high-yield securities and emerging-market debt also detracted as these asset classes lagged the strong returns of the investment-grade market.

Jennison and MetWest were the best-performing managers, benefiting from conservative corporate postures heading into March and later tactical shifts that took advantage of the rebound in corporate credit in the later part of the year. MetWest also benefited from overweights in agency mortgages and ABS. Wells benefited from a tactical shift to a corporate overweight in March as well as an overweight to agency MBS, while an allocation to student loans detracted. Western benefited from a longer duration posture as yields declined and a tactical shift to increase its corporate exposure after the March selloff. The manager’s allocation to high yield and emerging-market debt subtracted form performance. MetLife outperformed by tactically increasing its overweight to investment-grade credit after the March selloff, while security selection within the securitized sectors and an allocation to CMBS detracted.

Treasury futures and interest-rate swaps were utilized to help manage the Fund’s duration and yield-curve exposure and were positive contributors over the reporting period. To a limited extent, the Fund used currency-forward contracts to manage currency exposure, which was a modest detractor.

Investing is subject to risk, including the possible loss of principal. Past performance is no indication of future results.

SEI Institutional Managed Trust / Annual Report / September 30, 2020


AVERAGE ANNUAL TOTAL RETURN¹


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

Core Fixed Income Fund, Class F		7.75%		5.43%		4.57%		4.31%		6.16%

Core Fixed Income Fund, Class I		7.59%		5.22%		4.36%		4.09%		5.79%

Core Fixed Income Fund, Class Y		7.98%		5.71%		4.84%		4.45%		6.20%

Bloomberg Barclays US Aggregate Bond Index		6.98%		5.24%		4.18%		3.64%		6.29%

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

LOGO

For the year ended 9/30/20. Past performance is no indication of future performance. Class F shares were offered beginning 5/1/87 and Class I shares were offered beginning 8/06/01. Class I shares performance for the period prior to 6/29/07 is derived from the performance of Class F shares adjusted for the higher expenses of the Class I shares. Class Y shares were offered beginning 6/30/15. For periods prior to 6/30/15, the performance of the Fund’s Class F Shares has been used. Returns for Class Y Shares would have been substantially similar to those of Class F Shares and would have differed only to the extent that Class Y Shares have lower total annual fund operating expenses than Class F Shares. Returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The returns for the period reflect fee waivers and/or reimbursements in effect for the period; absent fee waivers and reimbursements, performance would have been lower.

SEI Institutional Managed Trust / Annual Report / September 30, 2020

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FUND PERFORMANCE

September 30, 2020 (Unaudited)

High Yield Bond Fund

I. Objective

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

II. Investment Approach

The Fund uses a multi-manager approach, relying on a number of sub-advisors with differing investment approaches to manage portions of the Fund’s portfolio, under the general supervision of SEI Investments Management Corporation (SIMC). Assets of the Fund not allocated to sub-advisors are managed directly by SIMC. The Fund utilized the following sub-advisors as of September 30, 2020: Ares Management LLC (Ares), Benefit Street Partners (Benefit Street), LLC, Brigade Capital Management, LP (Brigade), J.P. Morgan Investment Management Inc. (JP Morgan) and T. Rowe Price Associates, Inc. (T. Rowe Price). SIMC also directly manages a portion of the Fund.

III. Returns

For the full-year ended September 30, 2020, the High Yield Bond Fund, Class F, returned -0.33%. The Fund’s benchmark—the ICE BofA US High Yield Constrained Index, which tracks the performance of below-investment grade, U.S. dollar-denominated corporate bonds publicly issued in the U.S. domestic market—returned 2.22%.

IV. Performance Discussion

The high-yield market was up about 1% through the first five months of the fiscal year before the impact of COVID-19 hit financial markets. In March, the high-yield market, as measured by the ICE BofA US High Yield Constrained Index, plummeted 11.77%, the worst monthly return since October 2008. A variety of fiscal stimulus measures provided support and helped drive an ensuing rebound, with the market rising more than 14% over the last six months of the period. The energy sector—the largest sector of the high-yield market—underperformed and fell over 15% during the reporting period; bankruptcy fears grew due to falling oil prices and a global slump in demand, as noted in the shareholder letter. The market yield began the period at 5.87%, reached a low of 5.14% in January, hit a high of 11.4% in March at the peak of the selloff, and finished the period at 5.78% as the market recovered from the March lows. The market spread followed a similar path, beginning the period at 402 basis points, reaching a low of 338 basis points in January, hitting its period high of 1087 basis points in March, and finishing the period at 542 basis points. BB

rated bonds were the top performer and returned 4.64%, followed by B rated bonds and CCC rated bonds.

The Fund’s allocation to collateralized-loan obligations (“CLOs”) underperformed the high-yield bond market as the onset of the COVID-19 pandemic caused CLO prices to fall precipitously. At the market’s nadir on March 23, the average price of the CS Loan Index fell to a post-global financial crisis low, with many of the world’s largest economies in lockdown. Security selection within media, notably media content and printing & publishing, as well as selection within retail, primarily specialty retail, also detracted. An underweight to and selection within real estate, primarily real-estate investment trusts, as well as selection within financial services and leisure each contributed to Fund performance during the reporting period.

SIMC was the worst-performing manager in the Fund, as its off-benchmark allocation to the CLO market underperformed the high-yield bond market over the period. Brigade also detracted and was challenged by selection within the media, energy and retail sectors; underweights to and selection within both the real estate and transportation sectors contributed. Benefit Street also had negative relative performance due to security selection within both energy and retail, as well as an overweight to and selection within the real-estate sector; selection within leisure, capital goods, and telecommunication services benefited.

Ares, T. Rowe Price and J.P. Morgan outperformed. T. Rowe Price was the top-performing manager, as it benefited from strong selection within energy, telecommunications and the services sectors; an underweight to and selection within basic industry, as well as an overweight to and selection within transportation detracted. Ares benefited from selection within energy and leisure, but the manager was challenged by selection within media and technology, as well as an underweight to and selection within healthcare. JP Morgan also contributed and was helped by selection within leisure, an underweight to and selection within energy, and an overweight to healthcare; the manager was challenged by selection within the retail and services sectors, as well as an underweight to and selection within the capital goods sector.

The Fund used derivatives throughout the fiscal year ending September 30, 2020, to help manage duration, yield-curve positioning and spread duration more efficiently. High-yield credit-default swap index futures and total-return swaps were used for this purpose,

SEI Institutional Managed Trust / Annual Report / September 30, 2020

and they had a negligible impact on overall Fund performance.

Investing is subject to risk, including the possible loss of principal. Past performance is no indication of future results.


AVERAGE ANNUAL TOTAL RETURN¹

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

High Yield Bond Fund, Class F		-0.33%		2.58%		5.52%		5.82%		6.78%

High Yield Bond Fund, Class I		-0.46%		2.29%		5.23%		5.19%		5.40%

High Yield Bond Fund, Class Y		0.06%²		2.88%		5.78%		5.96%		6.84%

ICE BofA US High Yield Constrained Index		2.22%		3.81%		6.60%		6.27%		N/A

Comparison of Change in the Value of a $100,000 Investment in the High Yield Bond Fund, Class F, Class I and Class Y, versus the ICE BofA US High Yield Constrained Index

LOGO

For the year ended 9/30/20. Past performance is not an indication of future performance. Class F shares were offered beginning 1/11/95 and Class I shares were offered beginning 10/1/07. Class I shares performance for the period prior to 10/1/07 is derived from the performance of Class F shares adjusted for the higher expenses of the Class I shares. Class Y shares were offered beginning 12/31/14. For periods prior to 12/31/14, the performance of the Fund’s Class F Shares has been used. Returns for Class Y Shares would have been substantially similar to those of Class F Shares and would have differed only to the extent that Class Y Shares have lower total annual fund operating expenses than Class F Shares. Returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The returns for certain periods reflect fee waivers and/or reimbursements in effect for that period; absent fee waivers and/or reimbursements, performance would have been lower.

2	Total returns disclosed in the Financial Highlights of the Annual Report may reflect adjustments to conform to generally accepted accounting principles.

SEI Institutional Managed Trust / Annual Report / September 30, 2020

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FUND PERFORMANCE

September 30, 2020 (Unaudited)

Conservative Income Fund

I. Objective

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

II. Investment Approach

The Fund uses a sub-advisor to manage the Fund’s portfolio under the general supervision of SEI Investments Management Corporation. (SIMC). The sole sub-advisor as of September 30, 2020, was BlackRock Advisors, LLC (BlackRock).

III. Returns

For the full year ended September 30, 2020, the Conservative Income Fund, Class F, returned 0.96%. The Fund’s benchmark—the ICE BofA 3-Month US Treasury Bill Index, which tracks the performance of three-month Treasury bills—returned 1.10%.

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

IV. Performance Discussion

As noted in the shareholder letter, front-end Treasury yields moved lower during the fiscal year as the Federal Reserve (Fed) cut its benchmark rate to near zero to combat the effects of government-induced lockdowns in response to the spread of COVID-19. In addition to rate cuts, the Fed resumed large-scale asset purchases of Treasurys and mortgage-backed securities; the central bank also launched numerous lending facilities designed to support the liquidity of various financial markets. In particular, the Money-Market Lending Facility and the Commercial Paper Funding Facility (CPFF) aided the functioning of short-term markets.

BlackRock was the Fund’s sole manager. A position in floating-rate securities detracted during the period as a decline in Libor led to lower reinvestment rates and a drag on the income generation of the Fund.

BlackRock benefited during the fiscal year from positions in commercial paper and certificates of deposit. Commercial paper was supported in the spring by the Fed through the CPFF as prime money-market fund liquidity became challenged following sizeable outflows. Despite the decline in Libor, these securities continued to provide a yield advantage over U.S. Treasurys.

Investing is subject to risk, including the possible loss of principal. Past performance is no indication of future results.


AVERAGE ANNUAL TOTAL RETURN¹

	1 Year Return		3 Year Return		Annualized Inception to Date

Conservative Income Fund, Class F		0.96%		1.62%		1.32%

Conservative Income Fund, Class Y		1.06%		1.72%		1.42%

ICE BofA 3-Month US Treasury Bill Index		1.10%		1.69%		1.32%

Comparison of Change in the Value of a $100,000 Investment in the Conservative Income Fund, Class F and Class Y, versus the ICE BofA 3-Month US Treasury Bill Index

LOGO

For the year ended 9/30/20. Past performance is no indication of future performance. Class F shares and Class Y shares were offered beginning 4/22/16. Returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The returns for the period reflect fee waivers and/or reimbursements in effect for the period; absent fee waivers and reimbursements, performance would have been lower.

SEI Institutional Managed Trust / Annual Report / September 30, 2020

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FUND PERFORMANCE

September 30, 2020 (Unaudited)

Tax-Free Conservative Income Fund

I. Objective

The Tax-Free Conservative Income Fund (the “Fund”) seeks to preserve principal value and maintain a high degree of liquidity while providing current income exempt from federal income taxes.

II. Investment Approach

III. Returns

For the full year ended September 30, 2020, the Tax-Free Conservative Income Fund, Class F, returned 0.64%. The Fund’s benchmark—the ICE BofA 3-Month US Treasury Bill Index, which tracks the performance of three-month Treasury bills—returned 1.10%.

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

IV. Performance Discussion

As noted in the shareholder letter, front-end Treasury yields moved lower during the fiscal year as the Federal Reserve (Fed) cut its benchmark rate to near zero to combat the effects of government-induced lockdowns in response to the spread of COVID-19. In addition to rate cuts, the Fed resumed large-scale asset purchases of Treasurys and mortgage-backed securities; the central bank also launched numerous lending facilities designed to support the liquidity of various financial markets. In particular, the Municipal Lending Facility as well as the Commercial Paper Funding Facility aided the functioning of short-term and municipal markets. This impacted yields across the municipal curve. The 7-day Securities Industry and Financial Markets Association (SIFMA) municipal swap index yield closed the reporting period at 0.11% after spiking earlier in the year on municipal

liquidity concerns; additionally, inflows into longer-term municipal bond funds helped keep SIFMA low as longer-term investors looked for ways to park cash.

BlackRock was the Fund’s sole manager and benefited from its position in municipal commercial paper, which out-yielded U.S. Treasurys. BlackRock’s position in variable-rate demand note securities detracted as the decline in yields led to lower reinvestment rates and a drag on the income generation of the Fund.

Investing is subject to risk, including the possible loss of principal. Past performance is no indication of future results.

SEI Institutional Managed Trust / Annual Report / September 30, 2020

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FUND PERFORMANCE

September 30, 2020 (Unaudited)

Tax-Free Conservative Income Fund (Concluded)


AVERAGE ANNUAL TOTAL RETURN¹

	1 Year Return		3 Year Return		Annualized Inception to Date

Tax-Free Conservative Income Fund, Class F		0.64%		1.00%		0.82%

Tax-Free Conservative Income Fund, Class Y		0.73%		1.10%		0.91%

ICE BofA 3-Month US Treasury Bill Index		1.10%		1.69%		1.32%

Comparison of Change in the Value of a $100,000 Investment in the Tax-Free Conservative Income Fund, Class F and Class Y, versus the ICE BofA 3-Month US Treasury Bill Index

LOGO

SEI Institutional Managed Trust / Annual Report / September 30, 2020

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FUND PERFORMANCE

September 30, 2020 (Unaudited)

Real Return Fund

I. Objective

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

II. Investment Approach

During the one-year period ending September 30, 2020, the Fund was managed by the SEI Fixed Income Portfolio Management Team of SEI Investments Management Corporation (SIMC).

III. Returns

For the full year ended September 30, 2020, the Real Return Fund, Class F, returned 4.98%. The Fund’s benchmark—Bloomberg Barclays 1-5 Year US TIPS Index, which tracks the performance of inflation-protected public obligations of the U.S. Treasury that have a remaining maturity of one to five years—returned 5.36%.

IV. Performance Discussion

As noted in the shareholder letter, front-end Treasury yields moved lower during the fiscal year as the Federal Reserve (Fed) cut its benchmark rate to near zero to combat the economic effects of the COVID-19 pandemic; this helped support absolute returns for TIPS. On a relative basis, TIPS slightly outperformed nominal Treasurys as five-year breakevens slightly widened during the year. During the spring, inflation expectations declined sharply and deflationary expectations rose in response to economic shutdowns put in place to help stop the spread of COVID-19.

As the economy gradually reopened, unemployment figures, while still high, began to improve; inflation expectations moved gradually higher and climbed near pre-pandemic levels by the end of the fiscal year. Additionally, the Fed announced a change in its policy framework to an average inflation targeting regime, suggesting that inflation over 2% would be tolerated for some time following periods of below 2% inflation. This shift in policy served to boost inflation expectations as it indicates that the Fed may be slower to raise rates in the future than it has been in the past.

Through the Fund’s exposure to Treasury inflation-protected securities, performance was within expectations as the Fund manager aims to replicate the performance of the Bloomberg Barclays 1-5 Year US TIPS Index.

Investing is subject to risk, including the possible loss of principal. Past performance is no indication of future results.


AVERAGE ANNUAL TOTAL RETURN¹

	1 Year Return		Annualized 3 Year Return		Annualized 5 Year Return		Annualized 10 Year Return		Annualized Inception to Date
Real Return Fund, Class F		4.98%		2.77%		2.12%		1.40%		1.88%

Real Return Fund, Class Y		5.01%		2.85%		2.23%		1.47%		1.93%

Bloomberg Barclays 1-5 Year U.S. TIPS Index		5.36%		3.24%		2.59%		1.84%		2.31%

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

LOGO

For the year ended 9/30/20. Past performance is no indication of future performance. Class F shares were offered beginning 7/2/09 and Class Y shares were offered beginning 12/31/14. For periods prior to 12/31/14, the performance of the Fund’s Class F Shares has been used. Returns for Class Y Shares would have been substantially similar to those of Class F Shares and would have differed only to the extent that Class Y Shares have lower total annual fund operating expenses than Class F Shares. Returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The returns for the period reflect fee waivers and/or reimbursements in effect for the period; absent fee waivers and reimbursements, performance would have been lower.

SEI Institutional Managed Trust / Annual Report / September 30, 2020

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FUND PERFORMANCE

September 30, 2020 (Unaudited)

Dynamic Asset Allocation Fund

I. Objective

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

II. Investment Approach

III. Returns

For the full year ended September 30, 2020, the Dynamic Asset Allocation Fund, Class F, returned 15.07%. The Fund’s benchmark—the S&P 500 Index (Gross), which tracks the performance of approximately 500 large-cap U.S. companies—returned 15.15%.

IV. Performance Discussion

A majority of the Fund’s volatility is typically driven by strategic exposure to the S&P 500 Index, which served as the most significant driver of the Fund’s return during the period. The S&P 500 Index’s positive performance—as noted in the shareholder letter—more than offset the negative aggregate performance of the Fund’s tactical trades, resulting in positive absolute total returns but slight underperformance to the Fund’s primary benchmark.

The U.S. equity market began the fiscal year with strong performance in the fourth quarter of 2019. In the first quarter of 2020, the U.S. equity market experienced heightened volatility as concerns surrounding the COVID-19 pandemic caused economic activity to stall. As markets slowly reopened in the second and third quarters of 2020, the U.S. equity market rebounded meaningfully. Within the S&P 500 Index, the information technology sector had the best performance during the fiscal year, followed by consumer discretionary and health care. Energy was the worst-performing sector, followed by financials and real estate.

The largest detractor from relative performance was a market hedge through S&P 500 Index futures implemented in the fourth quarter of 2019. The position was closed out at the end of the same quarter. Another detractor was a long non-U.S. equity/short U.S. equity position. This position was implemented at the end of the fourth quarter of 2019 based on attractive relative valuations. Given the momentum behind the U.S. equity market, especially within the information technology and consumer discretionary sectors, the trade was closed

out the following quarter. Other detractors included a short EUR/JPY currency position and two put options on the EUR/USD exchange rate.

The largest contributor to relative performance in the period was a total-return swap position in gold. The position was added at the end of the first quarter of 2020 on the belief that gold should benefit as a store of value given the unprecedented levels of government stimulus to deal with the economic consequences of the COVID-19 pandemic. A position designed to benefit from a steepening between the 2- and 10-year portions of the U.S. yield curve also benefited as the U.S. yield curve steepened over the period.

Investing is subject to risk, including the possible loss of principal. Past performance is no indication of future results.

SEI Institutional Managed Trust / Annual Report / September 30, 2020

AVERAGE ANNUAL TOTAL RETURN¹



	1 Year Return		3 Year Return		5 Year Return		Annualized Inception to Date
Dynamic Asset Allocation Fund, Class F		15.07%		9.25%		11.94%		9.49%
Dynamic Asset Allocation Fund, Class Y		15.31%		9.53%		12.21%		9.75%
S&P 500 Index (Gross)		15.15%		12.28%		14.15%		11.71%

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

LOGO

For the year ended 9/30/20. Past performance is no indication of future performance. Class F shares and Class Y shares were offered beginning 7/30/15. Returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The returns for the period reflect fee waivers and/or reimbursements in effect for the period; absent fee waivers and reimbursements, performance would have been lower.

SEI Institutional Managed Trust / Annual Report / September 30, 2020

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FUND PERFORMANCE

September 30, 2020 (Unaudited)

Multi-Strategy Alternative Fund

I. Objective

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

II. Investment Approach

The Fund’s assets are managed under the direction of SEI Investments Management Corporation (SIMC), which manages the Fund’s assets in a way that it believes will achieve the Fund’s investment objective. In order to achieve its investment objective, the Fund may allocate its assets among a variety of investment strategies through the use of: (i) affiliated and unaffiliated funds, including open-end funds, closed-end funds and exchange traded funds (underlying funds); and (ii) one or more investment sub-advisors. During the fiscal year ending September 30, 2020, the Fund allocated its assets among unaffiliated funds and one affiliated fund.

The Fund utilized the following sub-advisors as of September 30, 2020: Brigade Capital Management, LLC (Brigade), Emso Asset Management Limited (Emso), Global Credit Advisers, LLC (Global Credit), Kettle Hill Capital Management, LLC (Kettle Hill), Mountaineer Partners Management, LLC (Mountaineer), Putnam Investment Management (Putnam) and Ramius Advisors, LLC (Ramius).

During the Fund’s fiscal year, Global Credit Advisers, LLC, and Putnam Investment Management were added to the Fund.

III. Returns

For the full year ended September 30, 2020, the Multi-Strategy Alternative Fund, Class F, returned 4.90%. The Fund’s benchmark—the ICE BofA US 3-Month Treasury Bill Index, which tracks the performance of three-month Treasury bills—returned 1.10%.

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

IV. Performance Discussion

The fiscal year exhibited several drastic shifts in market regimes and the highest level of market volatility since the 2008-2009 global financial crisis. The fourth quarter of 2019 finished on an optimistic note as economic growth remained on track and U.S./China trade tensions eased. Accordingly, equity markets and risk assets generally had a strong finish to 2019.

The first quarter of 2020 also appeared to start well with the signing of a “Phase 1” trade deal between the U.S. and China. However, economies around the world were thrown into unprecedented turmoil with the global spread of COVID-19 in February and March. Risk assets—including equities, credit and commodities—experienced precipitous declines, rivaling those of 2008, except that they took place over the course of several weeks rather than several months. Unlike 2008, policymakers were much quicker and bolder in their actions. The Federal Reserve cut short-term U.S. interest rates essentially to zero and put in place a number of aggressive policies, some of which had no prior precedent, such as the purchasing of corporate bonds. Fiscal policy also swung into action, with a stimulus package amounting to over 10% of gross domestic product, dwarfing the measures taken in 2009; similar policies were taken by governments around the world.

As noted in the shareholder letter, these support measures led to a V-shaped recovery in market prices, even though the economic recovery was more uneven. By the end of the reporting period, the S&P 500 Index was in positive territory for the year; the Nasdaq Composite Index fared even better as it became clear that many technology companies were significant beneficiaries of the crisis, whereas sectors such as financials, industrials, leisure and travel experienced significant headwinds.

The equity hedge allocation was the best performer over the period. In December of 2019, the Fund on-boarded a new sub-advisor, Putnam, which ran a sleeve focused on the technology sector. The manager’s positive security selection, along with sector tailwinds, were beneficial. The other two equity sub-advisors, Kettle Hill and Mountaineer, also posted strong returns over the period. Both entered the beginning of 2020 positioned defensively, which limited their losses in the first quarter of the new year, and were able to pick up high-quality companies near bottom prices at the end of March. This set the stage for strong performance during the second and third quarters of 2020.

SEI Institutional Managed Trust / Annual Report / September 30, 2020

The relative-value allocation also made a positive, albeit much smaller, contribution. Emso’s emerging-markets debt sleeve managed to limit losses in the first quarter of 2020 and benefited from the strong rebound in asset prices in the subsequent months. Brigade, whose sleeve is focused on the U.S. high-yield market, was challenged as its emphasis on lower-rated (and thus risker) securities was a drag on performance. During July, the Fund added a new sub-advisor, Global Credit, to run a trading-oriented mandate in liquid high-yield and investment-grade securities. It was funded with proceeds from the sale of a third-party mutual fund, BlackRock Global Long/Short Credit Fund.

The event-driven sleeve also contributed. It currently consists of two merger arbitrage strategies, one run by a sub-advisor (Ramius) and the other a third-party mutual fund (Merger Fund). While merger deal spreads widened in the first quarter of 2020—and a number of merger transactions were called off through the crisis—both strategies managed to sidestep any large realized losses and more than made up the mark-to-market losses from the first three months of 2020.

The Fund exited its small remaining allocation to global macro strategies during the first quarter of 2020. The strategy has had a disappointing run for many years, and the Fund found more promising areas to deploy the capital during 2020.

Derivatives used in the Fund consisted primarily of currency futures and forwards, interest-rate swaps, credit default swaps and equity and equity-index options. The Fund’s sub-advisors primarily used derivatives in the Fund for hedging and risk management. Derivatives were most commonly used to hedge currency and interest-rates risk when sub-advisors, particularly EMSO, held bonds issued by non-U.S. governments or corporations which may have been denominated in local currency. Equity puts and calls were commonly used by sub-advisors, particularly Ramius and Putnam, in an effort to enhance returns or limit losses in common stock positions. Derivative performance did not have a material impact on the Fund returns over the period.

Investing is subject to risk, including the possible loss of principal. Past performance is no indication of future results.

AVERAGE ANNUAL TOTAL RETURN¹



	1 Year Return		Annualized 3 Year Return		Annualized 5 Year Return		Annualized 10 Year Return		Annualized Inception to Date
Multi-Strategy Alternative Fund, Class F		4.90%		2.26%		2.96%		1.77%		1.61%
Multi-Strategy Alternative Fund, Class Y		5.16%		2.48%		3.22%		1.90%		1.74%
ICE BofA 3-Month U.S. Treasury Bill Index		1.10%		1.69%		1.20%		0.64%		0.61%

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

LOGO

For the year ended 9/30/20. Past performance is no indication of future performance. Class F shares were offered beginning 3/31/10 and Class Y shares were offered beginning 4/30/15. For periods prior to 4/30/15, the performance of the Fund’s Class F Shares has been used. Returns for Class Y Shares would have been substantially similar to those of Class F Shares and would have differed only to the extent that Class Y Shares have lower total annual fund operating expenses than Class F Shares. Returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The returns for the period reflect fee waivers and/or reimbursements in effect for the period; absent fee waivers and reimbursements, performance would have been lower. Although the Fund’s performance is benchmarked against the return of the ICE BofA 3-Month U.S. Treasury Bill Index, an investment in the Fund is substantially different from an investment in U.S. Treasury bill. Among other things, Treasury bills are backed by the full faith and credit of the U.S. Government and have a fixed rate of return. Investors in Treasury bills do not risk losing their investment, whereas loss of money is a risk of investing in the Fund. Further, an investment in the Fund is expected to be substantially more volatile than an investment in Treasury bills because of the breadth and types of securities and other instruments in which the Fund may invest.

SEI Institutional Managed Trust / Annual Report / September 30, 2020

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FUND PERFORMANCE

September 30, 2020 (Unaudited)

Multi-Asset Accumulation Fund

I. Objective

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

II. Investment Approach

The Fund uses a multi-manager approach, relying on a number of sub-advisors with differing investment strategies to manage portions of the Fund’s portfolio, under the general supervision of SEI Investments Management Corporation (SIMC). The Fund utilized the following sub-advisors as of September 30, 2020: AQR Capital Management, LLC (AQR), PanAgora Asset Management Inc. (PanAgora) and Western Asset Management Company Limited (Western).

No manager changes were made during the Fund’s fiscal year.

III. Returns

For the full year ended September 30, 2020, the Multi-Asset Accumulation Fund, Class F, returned 1.51%. The Fund’s blended benchmark—MSCI World Index (Net) (Hedged) (USD) Index (which tracks the equity-market performance of developed markets) (60%) and Bloomberg Barclays Global Aggregate Index, (Hedged) (USD) (which tracks the performance of investment-grade fixed-income securities denominated in 13 currencies) (40%)—returned 7.76%.

IV. Performance Discussion

Major asset-class performance was generally positive during the prior year. Despite the meaningful declines in asset values in the first quarter of 2020 as a result of the COVID-19 pandemic, risk assets rebounded in the second and third quarters of 2020 as economies gradually reopened. As noted in the shareholder letter, both developed-market equities and emerging-market equities were positive over the reporting period. Most developed-market sovereign bonds exhibited strong performance as global interest rates declined over the period. Similar to global equities, credit held up well, with both high-yield bonds and investment-grade credit providing positive returns. Commodities were negative over the reporting period as concerns over depressed demand weighed on the asset class. The main detractor in commodities was the energy sector, as both oil and natural gas prices fell during the fiscal year.

The Fund’s lower average concentration in global equities relative to its blended benchmark was the main detractor from relative performance during the

period. Exposure to commodities also detracted as commodities were negative during the 12 months. The Fund’s exposure to developed-market sovereign bonds was the biggest contributor to both absolute and benchmark-relative performance. The Fund’s exposure to both developed-market and emerging-market equities also contributed. The Fund’s exposure to global inflation-linked bonds was beneficial as interest-rate sensitivity provided a tailwind during a period of declining rates.

Both managers experienced positive performance in the period but underperformed the Fund’s blended benchmark. Exposure to commodities and underweights to global equities provided headwinds for both managers. Exposure to developed-market sovereign bonds contributed to Fund performance for both managers, as did allocations to global inflation-linked bonds.

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

Investing is subject to risk, including the possible loss of principal. Past performance is no indication of future results.

SEI Institutional Managed Trust / Annual Report / September 30, 2020

AVERAGE ANNUAL TOTAL RETURN¹



	1 Year Return		Annualized 3 Year Return		Annualized 5 Year Return		Annualized Inception to Date
Multi-Asset Accumulation Fund, Class F		1.51%		5.36%		6.33%		5.06%
Multi-Asset Accumulation Fund, Class Y		1.74%		5.58%		6.56%		5.22%
MSCI World Index (Net) (Hedged) (USD)		9.34%		8.70%		11.02%		11.04%
Bloomberg Barclays Global Aggregate Index, (Hedged) (USD)		4.14%		5.12%		4.32%		4.02%
60/40 Hybrid consisting of the MSCI World Index (Net) (Hedged) (USD) and Bloomberg Barclays Global Aggregate Index, (Hedged) (USD)		7.76%		7.59%		8.55%		8.38%

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

LOGO

For the year ended 9/30/20. Past performance is no indication of future performance. Class F shares were offered beginning 4/09/12 and Class Y shares were offered beginning 12/31/14. For periods prior to 12/31/14, the performance of the Fund’s Class F Shares has been used. Returns for Class Y Shares would have been substantially similar to those of Class F Shares and would have differed only to the extent that Class Y Shares have lower total annual fund operating expenses than Class F Shares. Returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions

or the redemption of fund shares. The returns for the period reflect fee waivers and/or reimbursements in effect for the period; absent fee waivers and reimbursements, performance would have been lower.

SEI Institutional Managed Trust / Annual Report / September 30, 2020

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FUND PERFORMANCE

September 30, 2020 (Unaudited)

Multi-Asset Income Fund

I. Objective

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

II. Investment Approach

The Fund uses a multi-manager approach, relying on a number of sub-advisors with differing investment strategies to manage portions of the Fund’s portfolio, under the general supervision of SEI Investments Management Corporation (SIMC). The Fund used the following sub-advisors as of September 30, 2020: Goldman Sachs Asset Management, L.P. (Goldman Sachs), SSGA Funds Management, Inc. (SSGA), Western Asset Management Company (Western), and Western Asset Management Company Limited.

No manager changes were made during the Fund’s fiscal year.

III. Returns

For the full year ended September 30, 2020, the Multi-Asset Income Fund, Class F, returned 1.86%. The Fund’s blended benchmark—Bloomberg Barclays US Aggregate Bond Index (which tracks the performance of the investment-grade, U.S. dollar-denominated, fixed-rate taxable bond market) (45%), the ICE BofA US High Yield Constrained Index (which tracks the performance of below-investment grade, U.S. dollar-denominated corporate bonds publicly issued in the U.S.) (40%) and the S&P 500 Index (Gross) (which tracks the performance of approximately 500 large U.S. companies that are considered representative of the broad U.S. stock market) (15%)—returned 6.65%.

IV. Performance Discussion

U.S. Treasury yields declined, especially after the COVID-19 virus spread globally and forced economic lockdowns to deal with the health aspects of the virus. As noted in the shareholder letter, the Federal Reserve (Fed) moved in a historic and unprecedented fashion to cut rates to near zero in March, instituted unlimited asset purchases of Treasurys and agency mortgages, and created other special purpose vehicles to help support credit markets. As a result, short-term yields declined in a larger magnitude than long-term yields; While markets recovered after concerted global central bank activity, and economies reopened later in the period, the path of the virus remains one of the largest risks to the global growth outlook. Other risks include concerns

about U.S.-China trade tensions, Brexit and the U.S. presidential elections. The reporting period ended with record issuance of government bonds to fund increased government spending.

Credit markets recovered to a large extent from the sharp selloff in the first quarter of 2020 after the global spread of COVID-19 forced most economies to shut down in an effort to slow the spread of the virus. As economies reopened in the second and third quarters of 2020, risk assets (including credit) rebounded from their lows. As noted in the shareholder letter, massive monetary and fiscal policy support from the U.S. and other countries helped support the proper functioning of credit markets. Global interest rates declined in the period as central banks cut rates aggressively to support markets. Interest-rate-sensitive assets, such as longer-duration government bonds, performed well as rates declined. Rate-sensitive areas of the credit markets, such as investment-grade credit, benefited the most from lower rates, followed by high-yield bonds and bank loans. Securitized assets—such as asset-backed securities, non-agency mortgage-backed securities and commercial mortgage-backed securities—were slower to recover from the declines in March as they received less direct support from Fed programs relative to corporate credit. Emerging-market debt experienced positive returns, but generally underperformed developed-market bonds, as those governments did not have the same flexibility and tools that developed markets employed to support their local markets.

The Fund’s largest allocations were to investment-grade credit, high-yield bonds and emerging-market debt. The greatest detractor was the Fund’s covered-call strategy, which underperformed the broad equity market over the measurement period. The Fund’s underweight to government bonds also detracted. Allocations to securitized assets were a headwind as securitized assets underperformed corporate credit over the measurement period.

SSGA’s covered-call strategy produced performance within expectations, but the manager detracted as its strategy lagged the S&P 500 Index. Western’s multi-asset credit mandate also detracted from relative performance.

Goldman Sachs contributed as its tactical positioning and an above-average duration profile were beneficial.

The Fund used total-return swaps on bond futures, interest-rate swaps and futures and options on exchange-traded funds, equity indexes, credit default swaps and currency forwards. Derivatives were

SEI Institutional Managed Trust / Annual Report / September 30, 2020

employed for various reasons, including fixed-income relative value, to generate option income and hedge interest-rate risk. Derivatives had a meaningful impact on Fund performance. Interest-rate futures were used to manage duration and contributed as rates declined during the period. Interest-rate swaps had a modestly negative impact on performance as they were short exposure. Options used as part of the covered-call strategy contributed. Exposure to investment-grade credit and high-yield bonds through credit default swaps contributed. Currency forwards had a slightly negative impact on performance.

AVERAGE ANNUAL TOTAL RETURN¹



	1 Year Return		Annualized 3 Year Return		Annualized 5 Year Return		Annualized Inception to Date
Multi-Asset Income Fund, Class F		1.86%		3.86%		5.16%		5.77%
Multi-Asset Income Fund, Class Y		1.96%		3.96%		5.26%		5.84%
Bloomberg Barclays U.S. Aggregate Bond Index		6.98%		5.24%		4.18%		3.42%
ICE BofA U.S. High Yield Constrained Index		2.22%		3.81%		6.60%		5.91%
S&P 500 Index (Gross)		15.15%		12.28%		14.15%		13.38%
45/40/15 Hybrid consisting of the Bloomberg Barclays U.S. Aggregate Bond Index, ICE BofA U.S. High Yield Constrained Index and S&P 500 Index (Gross)		6.65%		5.93%		6.77%		6.00%

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

LOGO

For the year ended 9/30/20. Past performance is not an indication of future performance. Class F shares were offered beginning 4/9/12. Class Y shares were offered beginning 12/31/14. For periods prior to 12/31/14, the performance of the Fund’s Class F Shares has been used. Returns for Class Y Shares would have been substantially similar to those of Class F Shares and would have differed only to the extent that Class Y Shares have lower total annual fund operating expenses than Class F Shares. Returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The returns for certain periods reflect fee waivers and reimbursements, performance would have been lower.

SEI Institutional Managed Trust / Annual Report / September 30, 2020

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FUND PERFORMANCE

September 30, 2020 (Unaudited)

Multi-Asset Inflation Managed Fund

I. Objective

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

II. Investment Approach

The Fund uses a multi-manager approach, relying on a number of sub-advisors with differing investment strategies to manage portions of the Fund’s portfolio, under the general supervision of SEI Investments Management Corporation (SIMC). The Fund utilized the following sub-advisors as of September 30, 2020: AllianceBernstein L.P. (AllianceBernstein), Columbia Management Investments (Columbia), Credit Suisse Asset Management, LLC (Credit Suisse), and QS Investors, LLC (QS).

Columbia manages a wholly-owned subsidiary of the Fund. Columbia has delegated certain of its duties to Threadneedle International Ltd. as a sub-advisor. Credit Suisse also manages a wholly-owned subsidiary of the Fund.

No manager changes were made during the Fund’s fiscal year.

III. Returns

For the full year ended September 30, 2020, the Multi-Asset Inflation Managed Fund, Class F, returned -3.41%. The Fund’s blended benchmark—the Bloomberg Barclays 1-5 Year U.S. TIPS Total Return Index (70%), the Bloomberg Commodity Total Return Index (20%) and the S&P 500 Index (Gross) (which tracks the performance of approximately 500 large U.S. companies that are considered representative of the broad U.S. stock market) (10%)—returned 3.85%.

IV. Performance Discussion

Real assets experienced mixed performance over the fiscal year. Treasury inflation-protected securities (TIPS) and U.S. equities were positive during the period, while commodities were negative. Within commodities, performance was mixed, with energy and livestock dragging down the overall market. The weak performance from those sectors was somewhat offset by strong performance in precious metals, although it was not enough to entirely offset weak performance. Concerns over the resumption in demand for certain commodities, especially economically-sensitive commodities such as oil and industrial metals, weighed over the market as the global economy faced uncertainty from the spread of COVID-19. As noted in the

shareholder letter, TIPS were positive over the period, supported largely by their interest-rate sensitivity during a period of declining rates.

Manager performance was mixed. An inflation-sensitive equity long/short strategy experienced negative performance for QS during the reporting period; the energy sector and real-estate investment trusts detracted, while the strategy’s short position in consumer discretionary was also a headwind as the sector was one of the best performers during the fiscal year. Favorable security selection within the commodities sector contributed for both Columbia and Credit Suisse. AllianceBernstein outperformed and was helped by its overweight to credit-spread sectors and the manager’s U.S. TIPS allocation.

The Fund used commodity futures, commodity total return swaps, bond-index futures, equity-index futures and interest-rate swaps during the period. The use of derivatives had a meaningful impact on Fund performance. Short positions in U.S. Treasury futures and interest-rate swaps were used to hedge duration risk for a portion of the Fund’s corporate-bond exposure. This hedge detracted from total returns as interest rates declined. A short position in global equity total-return swaps was used to hedge equity-market risk for a portion of the Fund’s long-equity positions. This hedge detracted from total returns, as global equity-market returns were positive. Within the Fund, a controlled foreign corporation has been established to provide additional exposure to commodities, including commodity futures and commodity total return swaps. The commodity futures and commodity total return swaps exposure, used to provide a strategic exposure to a diversified mix of underlying commodities, experienced negative performance in the period. Forward-currency contracts on developed-market currencies were principally used to hedge foreign-currency risk relative to the U.S. dollar and did not have a meaningful impact on performance.

Investing is subject to risk, including the possible loss of principal. Past performance is no indication of future results.

SEI Institutional Managed Trust / Annual Report / September 30, 2020

AVERAGE ANNUAL TOTAL RETURN¹



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

Multi-Asset Inflation Managed Fund, Class F		-3.41%		-1.01%		-0.82%		-1.92%

Multi-Asset Inflation Managed Fund, Class Y		-3.17%		-0.76%		-0.58%		-1.76%

Bloomberg Barclays 1-5 Year U.S. TIPS Total Return Index		5.36%		3.24%		2.59%		1.34%

Bloomberg Commodity Total Return Index		-8.20%		-4.18%		-3.09%		-7.16%

S&P 500 Index (Gross)		15.15%		12.28%		14.15%		13.38%

70/20/10 Hybrid consisting of the Bloomberg Barclays 1-5 Year U.S. TIPS Total Return Index, Bloomberg Commodity Total Return Index and S&P 500 Index (Gross)		3.85%		2.81%		2.73%		0.74%

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

LOGO

SEI Institutional Managed Trust / Annual Report / September 30, 2020

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FUND PERFORMANCE

September 30, 2020 (Unaudited)

Multi-Asset Capital Stability Fund

I. Objective

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

II. Investment Approach

The Fund uses a multi-manager approach, relying on a number of sub-advisors with differing investment strategies to manage portions of the Fund’s portfolio, under the general supervision of SEI Investments Management Corporation (SIMC). The Fund utilized the following sub-advisors as of September 30, 2020: AllianceBernstein L.P. (AllianceBernstein) and Janus Capital Management LLC (Janus).

No manager changes were made during the Fund’s fiscal year.

III. Returns

For the full year ended September 30, 2020, the Multi-Asset Capital Stability Fund, Class F, returned 2.55%. The Fund’s blended benchmark—the Bloomberg Barclays 1-3 Year US Government/Credit Index (which measures the performance of investment-grade, U.S. dollar-denominated, fixed-rate Treasurys, government-related and corporate securities with maturities of 1 to 3 years) (95%) and S&P 500 Index (Gross) (which tracks the performance of approximately 500 large U.S. companies that are considered representative of the broad U.S. stock market) (5%)—returned 4.40%.

IV. Performance Discussion

The Fund had positive absolute performance but underperformed its blended benchmark over the full reporting period. The Fund outperformed the benchmark in the fourth quarter of 2019 as its higher exposure

to equities was beneficial. It then underperformed in the first quarter 2020 and modestly underperformed in the second quarter of 2020 as the sharp reversal that followed the steep decline in March was a challenge for the managers’ respective risk models. The managers’ risk models tend to perform better in periods of defined trends, while they can be challenged in markets characterized by sharp reversals. The Fund outperformed in the third quarter 2020 as its exposure to risk assets returned to more normal levels after meaningful de-risking during the first quarter.

The Fund used credit-default swaps, equity-index futures, bond-index futures, interest-rate swaps, equity options, interest-rate swaptions and currency forwards. Derivatives are primarily used to provide cost-effective exposures to the desired asset classes and had a meaningful impact on Fund performance in the period. The use of stock index futures, primarily developed-market equities used for market exposure, resulted in positive performance during the Fund’s fiscal year. Interest-rate futures and swaps also contributed to performance over the period as interest rates declined globally. Small positions in credit-default swaps, used to gain exposure to high-yield and investment-grade credit, contributed modestly to total return. Forward-currency contracts on developed-market currencies were principally used to hedge foreign-currency risk relative to the U.S. dollar. The effect of these hedges on performance was negative.

Investing is subject to risk, including the possible loss of principal. Past performance is no indication of future results.

AVERAGE ANNUAL TOTAL RETURN¹


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

Multi-Asset Capital Stability Fund, Class F		2.55%		2.74%		2.29%		1.83%

Multi-Asset Capital Stability Fund, Class Y	2.64%		2.84%		2.39%		1.90%

Bloomberg Barclays 1-3 year U.S. Government/Credit Index		3.73%		2.84%		2.09%		1.62%

S&P 500 Index (Gross)		15.15%		12.28%		14.15%		13.38%

95/5 Hybrid consisting of Bloomberg Barclays 1-3 Year U.S. Government/Credit Index and S&P 500 Index (Gross)		4.40%		3.37%		2.72%		2.22%

SEI Institutional Managed Trust / Annual Report / September 30, 2020

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

LOGO

For the year ended 9/30/20. Past performance is not an indication of future performance. Class F shares were offered beginning 4/9/12 and Class Y shares were offered beginning 12/31/14. For periods prior to 12/31/14, the performance of the Fund’s Class F Shares has been used. Returns for Class Y Shares would have been substantially similar to those of Class F Shares and would have differed only to the extent that Class Y Shares have lower total annual fund operating expenses than Class F Shares. Returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The returns for certain periods reflect fee waivers and/or reimbursements in effect for that period; absent fee waivers and/or reimbursements, performance would have been lower.

SEI Institutional Managed Trust / Annual Report / September 30, 2020

SUMMARY SCHEDULE OF INVESTMENTS

September 30, 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 – 99.2%

Communication Services – 5.9%
Alphabet Inc, Cl A *		0.7	%		9,728	$	14,257
Alphabet Inc, Cl C *		0.1			1,577		2,318
Comcast Corp, Cl A		0.7			322,884		14,937
Facebook Inc, Cl A *		1.6			122,609		32,111
Verizon Communications Inc		1.0			348,594		20,738
Other Securities		1.8					37,351

							121,712

Consumer Discretionary – 12.0%
Alibaba Group Holding ADR		0.7			50,499		14,846
Amazon.com Inc, Cl A *		2.5			16,137		50,811
BorgWarner Inc		0.7			363,366		14,077
Dollar General Corp		0.6			62,630		13,128
Lowe’s Cos Inc		1.1			131,189		21,759
Ross Stores Inc		0.7			148,633		13,870
Other Securities (A)		5.7					117,047

							245,538

Consumer Staples – 7.4%
Kroger Co/The		1.3			771,150		26,150
Sysco Corp, Cl A		0.9			287,393		17,882
Unilever NV		1.1			360,186		21,755
Other Securities (A)		4.1					85,416

							151,203

Energy – 1.8%
Chevron Corp		0.6			171,525		12,350
Other Securities		1.2					24,552

							36,902

Financials – 14.1%
Bank of America Corp		1.2			1,057,602		25,478
Berkshire Hathaway Inc, Cl B *		1.2			119,081		25,357
Capital One Financial Corp		0.8			219,455		15,770
Citigroup Inc		0.8			382,822		16,503
First Republic Bank/CA		0.6			120,561		13,148
JPMorgan Chase & Co		0.6			135,358		13,031



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

COMMON STOCK (continued)
Markel Corp *		0.7	%		14,103	$	13,732
S&P Global Inc		0.7			42,177		15,209
Other Securities ^‡(A)		7.5					151,045

							289,273

Health Care – 16.2%
Amgen Inc, Cl A		1.0			83,193		21,144
Becton Dickinson and Co		0.7			64,212		14,941
Bristol-Myers Squibb Co		0.7			224,491		13,535
CVS Health Corp		0.9			315,444		18,422
Danaher Corp, Cl A		0.6			57,686		12,422
Johnson & Johnson		1.7			233,859		34,817
Merck & Co Inc		1.8			432,144		35,846
Pfizer Inc		0.6			332,936		12,219
Teleflex Inc		0.6			37,086		12,625
UnitedHealth Group Inc		1.3			82,445		25,704
Zimmer Biomet Holdings Inc		0.6			97,355		13,254
Other Securities		5.7					115,943

							330,872

Industrials – 9.4%
Honeywell International Inc		1.3			158,289		26,056
Stanley Black & Decker Inc		0.7			88,404		14,339
Other Securities (A)		7.4					152,776

							193,171

Information Technology – 22.7%
Adobe Inc *		1.5			62,259		30,534
Apple Inc		3.2			560,820		64,949
Global Payments Inc		0.8			88,067		15,639
Intuit Inc		1.3			80,673		26,316
Microchip Technology Inc		1.0			196,410		20,183
Microsoft Corp		2.5			242,452		50,995
Motorola Solutions Inc		0.6			83,174		13,043
PayPal Holdings Inc *		0.9			89,171		17,569
QUALCOMM Inc		0.9			155,874		18,343
salesforce.com *		1.1			89,011		22,370
SAP SE ADR		0.7			94,600		14,740
Visa Inc, Cl A		1.4			139,382		27,872
Xilinx Inc		0.8			148,834		15,514
Other Securities		6.0					127,061

							465,128

Materials – 4.3%
Other Securities		4.3					87,800

Real Estate – 2.5%
Crown Castle International Corp ^‡		1.0			125,992		20,978
Other Securities ^‡		1.5					29,634

							50,612

SEI Institutional Managed Trust / Annual Report / September 30, 2020



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

Utilities — 2.9%
NextEra Energy Inc		0.8%		55,064	$	15,284
Other Securities		2.1				44,485

						59,769


Total Common Stock (Cost $1,461,671) ($ Thousands)						2,031,980


AFFILIATED PARTNERSHIP — 0.7%
SEI Liquidity Fund, L.P.
0.100% **^†(B)		0.7		14,828,210		14,838


Total Affiliated Partnership (Cost $14,829) ($ Thousands)						14,838

A list of the open futures contracts held at September 30, 2020 is as follows:



Description	Percentage of Net Assets (%)		Shares		Market Value ($ Thousands)
CASH EQUIVALENT – 0.8%
SEI Daily Income Trust, Government Fund, Cl F
0.010% **^†		0.8%		15,549,418	$	15,549


Total Cash Equivalent (Cost $15,549) ($ Thousands)						15,549


Total Investments in Securities — 100.7% (Cost $1,492,049)($ Thousands)					$	2,062,367



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

S&P 500 Index E-MINI		53		Dec-2020	$	8,755	$	8,883	$	128

S&P Mid Cap 400 Index E-MINI		4		Dec-2020		729		742		13

					$	9,484	$	9,625	$	141

Percentages are based on a Net Assets of $2,047,377 ($ Thousands).

*	Non-income producing security.

**	The rate reported is the 7-day effective yield as of September 30, 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 September 30, 2020 (see Note 10). The total market value of securities on loan at September 30, 2020, was $14,527 ($ Thousands).

(B)	This security was purchased with cash collateral held from securities on loan (see Note 10). The total market value of such securities as of September 30, 2020 was $14,838 ($ Thousands).

ADR — American Depositary Receipt

Cl — Class

L.P. — Limited Partnership

S&P — Standard & Poor’s

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

The following is a list of the level of inputs used as of September 30, 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

2,031,980

–

2,031,980

Affiliated Partnership

–

14,838

–

14,838

Cash Equivalent

15,549

–

15,549

Total Investments in Securities

2,047,529

14,838

–

2,062,367

Other Financial Instruments

Level 1

($)

Level 2
($)

Level 3

($)

Total

($)

Futures Contracts*

Unrealized Appreciation

141

–

141

Total Other Financial Instruments

141

–

141

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

For the year ended September 30, 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 / Annual Report / September 30, 2020

SUMMARY SCHEDULE OF INVESTMENTS

September 30, 2020

Large Cap Fund (Concluded)

The following is a summary of the Fund’s transactions with affiliates for the year ended September 30, 2020 ($ Thousands):



Security Description	Value 9/30/2019	Purchases at Cost	Proceeds from Sales	Realized Gain (Loss)	Change in Unrealized Appreciation (Depreciation)	Value 9/30/2020	Shares	Income	Capital Gains
SEI Liquidity Fund, L.P.	$ 29,711	$ 333,261	$ (348,138)	$ 5	$ (1)	$14,838	14,828,210	$ 286	$ —
SEI Daily Income Trust, Government Fund, Cl F	22,022	462,452	(468,925)	—	—	15,549	15,549,418	139	—

Totals	$ 51,733	$ 795,713	$ (817,063)	$ 5	$ (1)	$30,387		$ 425	$ —

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 / Annual Report / September 30, 2020

SUMMARY SCHEDULE OF INVESTMENTS

September 30, 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 — 98.7%

Communication Services — 7.6%
AT&T Inc		2.7	%		1,174,859	$	33,495
BCE Inc		1.1			325,173		13,485
Comcast Corp, Cl A		0.8			220,014		10,178
Verizon Communications Inc		1.4			298,718		17,771
Other Securities		1.6					19,478

							94,407

Consumer Discretionary — 9.5%
Best Buy Co Inc		0.6			70,456		7,841
General Motors Co		0.9			368,443		10,902
Genuine Parts Co		1.1			148,224		14,107
Lowe’s Cos Inc		0.9			69,017		11,447
PulteGroup Inc		0.8			221,581		10,257
Target Corp, Cl A		2.5			200,822		31,613
Other Securities (A)		2.7					32,207

							118,374

Consumer Staples — 9.0%
Diageo PLC ADR		0.6			58,368		8,035
Kimberly-Clark Corp		1.0			86,741		12,808
Kroger Co/The		1.2			428,225		14,521
Philip Morris International Inc		1.2			197,767		14,831
Unilever NV		0.8			172,247		10,404
Walgreens Boots Alliance Inc		0.7			227,099		8,158
Other Securities		3.5					43,883

							112,640

Energy — 4.0%
Chevron Corp		1.1			191,290		13,773
ConocoPhillips		1.0			365,716		12,010
Other Securities		1.9					24,516

							50,299

Financials — 18.2%
Bank of America Corp		1.8			947,713		22,830
Berkshire Hathaway Inc, Cl B *		0.9			51,321		10,928
Chubb Ltd		0.9			99,531		11,558
Citigroup Inc		1.8			509,423		21,961
JPMorgan Chase & Co		2.4			308,612		29,710



Description	Percentage of Net Assets (%)			Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Morgan Stanley		1.1	%		292,933	$	14,163
Truist Financial Corp		0.8			279,754		10,645
Wells Fargo & Co		0.7			347,438		8,168
Other Securities ^‡(A)		7.8					97,203

							227,166

Health Care — 14.6%
Bristol-Myers Squibb Co		0.6			132,673		7,999
Eli Lilly and Co		0.7			58,043		8,592
Johnson & Johnson		2.3			195,097		29,046
Medtronic PLC		1.1			136,072		14,141
Merck & Co Inc		1.7			256,713		21,294
Novartis AG ADR		1.1			159,130		13,838
Pfizer Inc		2.4			801,968		29,432
Other Securities		4.7					57,042

							181,384

Industrials — 10.1%
3M Co		0.8			61,376		9,831
Cummins Inc		0.8			49,555		10,464
General Dynamics Corp		0.8			74,669		10,336
Johnson Controls International plc		1.5			448,493		18,321
Raytheon Technologies Corp		1.0			209,293		12,043
Siemens AG ADR (B)		1.1			197,944		13,787
Other Securities (A)		4.1					51,630

							126,412

Information Technology — 10.5%
Cisco Systems Inc		1.4			433,981		17,095
HP Inc		0.7			436,539		8,290
Intel Corp		2.6			615,695		31,881
Microsoft Corp		0.8			49,419		10,394
Oracle Corp, Cl B		0.7			151,211		9,027
Other Securities		4.3					54,764

							131,451

Materials — 6.1%
Eastman Chemical Co		0.7			107,242		8,378
Other Securities		5.4					67,605

							75,983

Real Estate — 3.1%
Healthpeak Properties Inc ^‡		1.0			440,095		11,948
Welltower Inc ^‡		0.9			209,752		11,555
Other Securities ^‡		1.2					15,464

							38,967

Utilities — 6.0%
Duke Energy Corp		0.7			102,886		9,111
Exelon Corp		0.8			281,066		10,051
NextEra Energy Inc		2.1			92,226		25,598
Other Securities		2.4					30,272

							75,032

Total Common Stock (Cost $1,081,871) ($ Thousands)							1,232,115

SEI Institutional Managed Trust / Annual Report / September 30, 2020

SUMMARY SCHEDULE OF INVESTMENTS

September 30, 2020

Large Cap Value Fund (Concluded)



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

AFFILIATED PARTNERSHIP — 0.2%
SEI Liquidity Fund, L.P.
0.100% **^†(C)		0.2	%		2,816,100	$	2,813


Total Affiliated Partnership (Cost $2,816) ($ Thousands)							2,813



Description	Percentage of Net Assets (%)			Shares		Market Value ($ Thousands)
CASH EQUIVALENT — 1.1%
SEI Daily Income Trust, Government Fund, Cl F
0.010% **^†		1.1	%		13,610,816	$	13,611


Total Cash Equivalent (Cost $13,611) ($ Thousands)							13,611


Total Investments in Securities — 100.0% (Cost $1,098,298) ($ Thousands)						$	1,248,539

A list of the open futures contracts held at September 30, 2020 is as follows:



Type of Contract	Number of Contracts Long		Expiration Date		Notional Amount (Thousands)		Value (Thousands)		Unrealized Appreciation (Depreciation) (Thousands)
S&P 500 Index E-MINI		24		Dec-2020	$	4,018	$	4,022	$	4

S&P Mid Cap 400 Index E-MINI		21		Dec-2020		3,919		3,897		(22)


					$	7,937	$	7,919	$	(18	)

Percentages are based on a Net Assets of $1,248,215 ($ Thousands).

*	Non-income producing security.

**	The rate reported is the 7-day effective yield as of September 30, 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 September 30, 2020 (see Note 10). The total market value of securities on loan at September 30, 2020 was $2,679 ($ Thousands).

(B)	Securities considered illiquid. The total value of such securities as of September 30, 2020 was $13,787 ($ Thousands) and represented 1.1% of the Net Assets of the Fund.

(C)	This security was purchased with cash collateral held from securities on loan (see Note 10). The total market value of such securities as of September 30, 2020 was $2,813 ($ 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 September 30, 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

1,232,115

–

1,232,115

Affiliated Partnership

–

2,813

–

2,813

Cash Equivalent

13,611

–

13,611

Total Investments in Securities

1,245,726

2,813

–

1,248,539

Other Financial Instruments

Level 1

($)

Level 2

($)

Level 3

($)

Total

($)

Futures Contracts*

Unrealized Appreciation

–

Unrealized Depreciation

(22

)

–

(22

)

Total Other Financial Instruments

(18

)

–

(18

)

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

For the year ended September 30, 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 / Annual Report / September 30, 2020

The following is a summary of the Fund’s transactions with affiliates for the year ended September 30, 2020 ($ Thousands):



Security Description	Value 9/30/2019	Purchases at Cost	Proceeds from Sales	Realized Gain (Loss)	Change in Unrealized Appreciation (Depreciation)	Value 9/30/2020	Shares	Income	Capital Gains
SEI Liquidity Fund, L.P.	$ 899	$ 162,180	$(160,265)	$ 3	$ (4)	$2,813	2,816,100	$132	$ —
SEI Daily Income Trust, Government Fund, Cl F	17,909	254,289	(258,587)	—	—	13,611	13,610,816	117	—

Totals	$ 18,808	$ 416,469	$(418,852)	$ 3	$ (4)	$16,424		$249	$ —

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 / Annual Report / September 30, 2020

SUMMARY SCHEDULE OF INVESTMENTS

September 30, 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 — 99.0%

Communication Services — 11.1%
Alphabet Inc, Cl A *		2.0	%		20,771	$	30,442
Alphabet Inc, Cl C *		1.7			18,421		27,072
Facebook Inc, Cl A *		3.5			208,782		54,680
Netflix Inc *		0.8			26,086		13,044
Pinterest Inc, Cl A *		0.7			248,934		10,333
Sea ADR *		0.8			75,812		11,678
T-Mobile US Inc *		1.6			218,244		24,958
Other Securities		0.0					1,490

							173,697

Consumer Discretionary — 16.6%
Alibaba Group Holding ADR		2.0			105,731		31,083
Amazon.com Inc, Cl A *		7.0			34,997		110,196
AutoZone Inc *		1.4			18,115		21,333
Lennar Corp, Cl A		0.6			113,243		9,250
Lowe’s Cos Inc		1.5			137,178		22,752
Lululemon Athletica Inc *		0.7			34,643		11,410
NIKE Inc, Cl B		0.7			91,789		11,523
Tesla Inc *		0.9			32,995		14,155
TJX Cos Inc/The		0.8			218,854		12,179
Other Securities		1.0					16,902

							260,783

Consumer Staples — 4.2%
Colgate-Palmolive Co		0.7			135,082		10,422
PepsiCo Inc		1.5			173,227		24,009
Procter & Gamble Co/The		0.8			94,377		13,117
Other Securities		1.2					18,625

							66,173

Financials — 4.6%
Moody’s Corp		1.2			63,407		18,378
MSCI Inc, Cl A		0.8			34,227		12,211
S&P Global Inc		0.8			34,065		12,284
Other Securities		1.8					29,203

							72,076

Health Care — 14.0%
Abbott Laboratories		0.6			77,879		8,476



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

COMMON STOCK (continued)
Becton Dickinson and Co		0.9	%		58,324	$	13,571
Boston Scientific Corp *		0.8			307,465		11,748
Danaher Corp, Cl A		1.5			107,411		23,129
Johnson & Johnson		0.9			98,442		14,656
Merck & Co Inc		1.1			208,359		17,283
Mettler-Toledo International Inc *		0.7			11,254		10,869
UnitedHealth Group Inc		2.7			136,542		42,570
Vertex Pharmaceuticals Inc *		0.9			48,811		13,283
Other Securities (A)		3.9					64,033

							219,618

Industrials — 4.3%
Carrier Global Corp		0.6			295,271		9,018
Union Pacific Corp		0.7			56,446		11,113
Other Securities		3.0					47,038

							67,169

Information Technology — 41.9%
Adobe Inc *		2.5			81,146		39,796
Analog Devices Inc		0.8			106,750		12,462
Apple Inc		8.0			1,086,832		125,866
Applied Materials Inc		1.2			317,267		18,862
Broadcom Inc		0.8			35,451		12,916
Fidelity National Information Services Inc, Cl B		1.5			161,040		23,707
Fiserv Inc, Cl A *		0.7			102,816		10,595
Intuit Inc		1.0			48,626		15,862
Mastercard Inc, Cl A		2.2			102,843		34,778
Microsoft Corp		8.8			656,625		138,108
NVIDIA Corp		1.1			32,045		17,343
NXP Semiconductors NV		1.0			121,801		15,202
Oracle Corp, Cl B		1.2			303,871		18,141
PayPal Holdings Inc *		1.7			137,809		27,153
salesforce.com *		1.6			101,213		25,437
ServiceNow Inc *		0.8			25,095		12,171
Visa Inc, Cl A (A)		2.5			195,250		39,044
Other Securities		4.5					70,783

							658,226

Materials — 2.0%
Sherwin-Williams Co/The, Cl A		1.5			32,881		22,909
Other Securities		0.5					8,211

							31,120

Real Estate — 0.3%
Other Securities ^‡		0.3					5,458


Total Common Stock (Cost $780,356) ($ Thousands)							1,554,320

SEI Institutional Managed Trust / Annual Report / September 30, 2020



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

AFFILIATED PARTNERSHIP — 0.6%
SEI Liquidity Fund, L.P.
0.100% **^†(B)		0.6	%		9,034,939	$	9,033


Total Affiliated Partnership (Cost $9,035) ($ Thousands)							9,033



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

CASH EQUIVALENT — 1.0%
SEI Daily Income Trust, Government Fund, Cl F
0.010% **^†		1.0	%		15,423,741	$	15,424


Total Cash Equivalent (Cost $15,424) ($ Thousands)							15,424


Total Investments in Securities — 100.6% (Cost $804,815)($ Thousands)						$	1,578,777

A list of the open futures contracts held at September 30, 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		77		Dec-2020	$	12,656	$	12,905	$	249

Percentages are based on Net Assets of $1,569,980 ($ Thousands).

*	Non-income producing security.

**	The rate reported is the 7-day effective yield as of September 30, 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 September 30, 2020 (See Note 10). The total market value of securities on loan at September 30, 2020 was $8,910 ($ Thousands).

(B)	This security was purchased with cash collateral held from securities on loan (See Note 10). The total market value of such securities as of September 30, 2020 was $9,033 ($ Thousands).

ADR — American Depositary Receipt

Cl — Class

L.P. — Limited Partnership

S&P — Standard & Poor’s

The following is a list of the level of inputs used as of September 30, 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

1,554,320

–

1,554,320

Affiliated Partnership

–

9,033

–

9,033

Cash Equivalent

15,424

–

15,424

Total Investments in Securities

1,569,744

9,033

–

1,578,777

Other Financial Instruments

Level 1

($)

Level 2

($)

Level 3

($)

Total

($)

Futures Contracts*

Unrealized Appreciation

249

–

249

Total Other Financial Instruments

249

–

249

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

For the year ended September 30, 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 year ended September 30, 2020 ($ Thousands):



Security Description	Value 9/30/2019	Purchases at Cost	Proceeds from Sales	Realized Gain (Loss)	Change in Unrealized Appreciation (Depreciation)	Value 9/30/2020	Shares	Income	Capital Gains
SEI Liquidity Fund, L.P.	$ 5,992	$ 219,406	$ (216,371)	$ 10	$ (4)	$ 9,033	9,034,939	$ 92	$ —
SEI Daily Income Trust, Government Fund, Cl F	16,366	340,685	(341,627)	—	—	15,424	15,423,741	108	—

Totals	$ 22,358	$ 560,091	$ (557,998)	$ 10	$ (4)	$ 24,457		$ 200	$ —

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 / Annual Report / September 30, 2020

SUMMARY SCHEDULE OF INVESTMENTS

September 30, 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 — 97.8%

Communication Services — 10.0%
Alphabet Inc, Cl A *		1.4	%		6,622	$	9,705
Alphabet Inc, Cl C *		1.4			6,537		9,607
AT&T Inc		0.6			156,829		4,471
Comcast Corp, Cl A		0.6			99,643		4,609
Facebook Inc, Cl A *		2.0			52,874		13,848
Netflix Inc *		0.6			9,387		4,694
Verizon Communications Inc		0.8			91,129		5,421
Walt Disney Co/The		0.7			39,777		4,936
Other Securities		1.9					13,555

							70,846

Consumer Discretionary — 12.0%
Amazon.com Inc, Cl A *		4.2			9,340		29,409
Home Depot Inc/The		0.9			23,635		6,564
Lowe’s Cos Inc		0.4			16,615		2,756
McDonald’s Corp		0.5			16,326		3,583
NIKE Inc, Cl B		0.5			26,643		3,345
Tesla Inc *		1.0			16,310		6,997
Other Securities (A)		4.5					32,249

							84,903

Consumer Staples — 6.3%
Coca-Cola Co/The		0.6			84,964		4,195
Costco Wholesale Corp		0.5			9,675		3,435
PepsiCo Inc		0.6			30,551		4,234
Procter & Gamble Co/The		1.0			53,674		7,460
Walmart Inc		0.6			30,694		4,294
Other Securities		3.0					21,057

							44,675

Energy — 1.9%
Chevron Corp		0.4			41,087		2,958
Exxon Mobil Corp		0.5			93,069		3,195
Other Securities (A)		1.0					7,218

							13,371



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

COMMON STOCK (continued)

Financials — 9.4%
Bank of America Corp		0.6	%		170,092	$	4,098
Berkshire Hathaway Inc, Cl B *		1.3			42,139		8,973
JPMorgan Chase & Co		0.9			66,608		6,412
SEI Investments Co ^†		0.0			2,500		127
Other Securities ^‡(B)		6.6					46,689

							66,299

Health Care — 13.9%
Abbott Laboratories		0.6			37,966		4,132
AbbVie Inc		0.5			38,761		3,395
Amgen Inc, Cl A		0.5			12,983		3,300
Bristol-Myers Squibb Co		0.4			49,742		2,999
Danaher Corp, Cl A		0.4			13,774		2,966
Johnson & Johnson		1.2			58,053		8,643
Medtronic PLC		0.4			29,479		3,063
Merck & Co Inc		0.7			55,514		4,605
Pfizer Inc		0.7			122,262		4,487
Thermo Fisher Scientific Inc		0.5			8,649		3,819
UnitedHealth Group Inc		0.9			20,760		6,472
Other Securities		7.1					50,023

							97,904

Industrials — 8.4%
Union Pacific Corp		0.4			14,879		2,929
Other Securities (A)		8.0					56,586

							59,515

Information Technology — 27.4%
Accenture PLC, Cl A		0.5			14,050		3,175
Adobe Inc *		0.7			10,578		5,188
Apple Inc		5.8			355,412		41,160
Broadcom Inc		0.5			8,598		3,132
Cisco Systems Inc		0.5			93,376		3,678
Intel Corp		0.7			93,191		4,825
Mastercard Inc, Cl A		0.9			19,373		6,551
Microsoft Corp		4.9			164,876		34,678
NVIDIA Corp		1.0			12,997		7,034
PayPal Holdings Inc *		0.7			25,804		5,084
QUALCOMM Inc		0.4			24,690		2,906
salesforce.com Inc *		0.7			19,003		4,776
Texas Instruments Inc		0.4			20,176		2,881
Visa Inc, Cl A		1.1			37,142		7,427
Other Securities		8.6					61,072

							193,567

Materials — 2.6%
Other Securities (A)		2.6					18,662


Real Estate — 3.1%
Other Securities ^‡(A)		3.1					21,571

SEI Institutional Managed Trust / Annual Report / September 30, 2020



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

COMMON STOCK (continued)

Utilities — 2.8%
NextEra Energy Inc		0.4	%		10,794	$	2,996
Other Securities		2.4					16,579

							19,575

Total Common Stock (Cost $578,777) ($ Thousands)							690,888


AFFILIATED PARTNERSHIP — 0.1%
SEI Liquidity Fund, L.P.
0.100% **^†(C)		0.1			923,607		924


Total Affiliated Partnership (Cost $924) ($ Thousands)							924



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

CASH EQUIVALENT — 2.1%
SEI Daily Income Trust, Government Fund, Cl F
0.010% **^†		2.1	%		14,553,403	$	14,553


Total Cash Equivalent (Cost $14,553) ($ Thousands)							14,553


Total Investments in Securities — 100.0% (Cost $594,254)($ Thousands)						$	706,365

A list of the open futures contracts held by the Fund at September 30, 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		91		Dec-2020	$	15,166	$	15,252	$	86

S&P Mid Cap 400 Index E-MINI		6		Dec-2020		1,109		1,113		4

					$	16,275	$	16,365	$	90

Percentages are based on a Net Assets of $706,457 ($ Thousands).

*	Non-income producing security.

**	The rate reported is the 7-day effective yield as of September 30, 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 September 30, 2020 (see Note 10). The total market value of securities on loan at September 30, 2020, was $901 ($ Thousands).

(B)	Security is a Master Limited Partnership. At September 30, 2020, such securities amounted to $83 ($ 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 September 30, 2020 was $924 ($ Thousands).

Cl — Class

L.P. — Limited Partnership

PLC — Public Limited Company

S&P — Standard & Poor’s

SEI Institutional Managed Trust / Annual Report / September 30, 2020

SUMMARY SCHEDULE OF INVESTMENTS

September 30, 2020

Large Cap Index Fund (Concluded)

The following is a list of the level of inputs used as of September 30, 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

690,888

–

690,888

Affiliated Partnership

–

924

–

924

Cash Equivalent

14,553

–

14,553

Total Investments in Securities

705,441

924

–

706,365

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 year ended September 30, 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 year ended September 30, 2020 ($ Thousands):



Security Description	Value 9/30/2019	Purchases at Cost	Proceeds from Sales	Realized Gain/ (Loss)	Change in Unrealized Appreciation/ (Depreciation)	Value 9/30/2020	Shares	Income	Capital Gains
SEI Investment Co	$ 124	$ 41	$ (15)	$ (5)	$ (18)	$ 127	2,500	$ 2	$ —
SEI Liquidity Fund, L.P.	710	9,543	(9,329)	—	—	924	923,607	14	—
SEI Daily Income Trust, Government Fund, Cl F	15,765	174,599	(175,811)	—	—	14,553	14,553,403	158	—

Totals	$ 16,599	$ 184,183	$ (185,155)	$ (5)	$ (18)	$ 15,604		$ 174	$ —

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 / Annual Report / September 30, 2020

SUMMARY SCHEDULE OF INVESTMENTS

September 30, 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 — 99.3%

Communication Services — 5.3%
Alphabet Inc, Cl A *		1.0	%		26,214	$	38,419
Alphabet Inc, Cl C *		0.9			22,848		33,577
AT&T Inc		0.8			1,034,083		29,482
Facebook Inc, Cl A *		0.9			135,757		35,555
Other Securities (A)		1.7					64,820

							201,853

Consumer Discretionary — 12.0%
Amazon.com Inc, Cl A *		1.6			18,448		58,088
Dollar General Corp		1.3			235,180		49,298
Lowe’s Cos Inc		1.4			328,236		54,441
NIKE Inc, Cl B		1.2			357,743		44,911
Ross Stores Inc		0.6			243,090		22,685
Target Corp, Cl A		0.8			185,748		29,240
Other Securities (A)		5.1					192,866

							451,529

Consumer Staples — 9.7%
Kimberly-Clark Corp		0.6			166,165		24,536
Kroger Co/The		1.0			1,115,528		37,828
PepsiCo Inc		0.9			238,706		33,085
Philip Morris International Inc		1.0			500,557		37,537
Procter & Gamble Co/The		0.9			233,806		32,497
Unilever NV		1.2			731,480		44,181
Walmart Inc		0.6			163,857		22,925
Other Securities		3.5					134,865

							367,454

Energy — 1.8%
Other Securities		1.8					67,126

Financials — 15.5%
Bank of America Corp		1.0			1,550,747		37,357
JPMorgan Chase & Co		1.2			478,943		46,108
Moody’s Corp		2.2			288,575		83,643



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

COMMON STOCK (continued)
MSCI Inc, Cl A		1.1	%		114,462	$	40,838
Other Securities ^‡(A)		10.0					378,012

							585,958

Health Care — 16.6%
Amgen Inc, Cl A		1.0			145,948		37,094
Becton Dickinson and Co		0.7			113,758		26,469
CVS Health Corp		0.6			409,664		23,924
Eli Lilly and Co		0.7			169,143		25,037
IDEXX Laboratories Inc *		0.6			56,807		22,331
Johnson & Johnson		2.5			629,906		93,780
Merck & Co Inc		1.3			605,640		50,238
Mettler-Toledo International Inc *		0.7			28,371		27,399
Pfizer Inc		0.8			850,751		31,223
UnitedHealth Group Inc		1.6			191,280		59,635
Other Securities		6.1					231,695

							628,825

Industrials — 8.4%
Graco Inc		0.9			542,313		33,271
Roper Technologies Inc		0.7			67,713		26,754
Siemens AG ADR (A)(B)		0.6			311,780		21,715
WW Grainger Inc		0.6			64,211		22,909
Other Securities		5.6					212,827

							317,476

Information Technology — 21.8%
Adobe Inc *		1.7			132,912		65,184
Apple Inc		3.3			1,066,256		123,483
Applied Materials Inc		0.7			438,038		26,041
Cisco Systems Inc		0.8			758,449		29,875
Intel Corp		0.9			631,741		32,712
Intuit Inc		1.4			156,005		50,890
Mastercard Inc, Cl A		1.7			193,391		65,399
Microchip Technology Inc		0.7			272,207		27,972
Microsoft Corp		2.7			486,353		102,295
Oracle Corp, Cl B		0.8			512,747		30,611
SAP SE ADR (A)		0.6			154,915		24,137
Visa Inc, Cl A		1.5			275,684		55,129
Other Securities		5.0					188,988

							822,716

Materials — 4.6%
Linde PLC		0.8			123,959		29,518
Sherwin-Williams Co/The, Cl A		1.2			66,555		46,372
Other Securities		2.6					96,205

							172,095

Real Estate — 2.1%
American Tower Corp, Cl A ^‡		0.7			102,168		24,697
Other Securities ^‡		1.4					53,655

							78,352

SEI Institutional Managed Trust / Annual Report / September 30, 2020

SUMMARY SCHEDULE OF INVESTMENTS

September 30, 2020

Tax-Managed Large Cap Fund (Concluded)



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

COMMON STOCK (continued)

Utilities — 1.5%
NextEra Energy Inc		0.6	%		83,727	$	23,239
Other Securities		0.9					35,181

							58,420

Total Common Stock (Cost $1,765,370) ($ Thousands)							3,751,804


AFFILIATED PARTNERSHIP — 1.3%
SEI Liquidity Fund, L.P.
0.100% **^†(C)		1.3			48,569,484		48,578


Total Affiliated Partnership (Cost $48,579) ($ Thousands)							48,578



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

CASH EQUIVALENT — 0.6%
SEI Daily Income Trust, Government Fund, Cl F
0.010% **^†		0.6	%		21,667,627	$	21,668


Total Cash Equivalent (Cost $21,668) ($ Thousands)							21,668


Total Investments in Securities — 101.2% (Cost $1,835,617)($ Thousands)						$	3,822,050

A list of the open futures contracts held by the Fund at September 30, 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		40		Dec-2020	$	6,545	$	6,704	$	159

S&P Mid Cap 400 Index E-MINI		2		Dec-2020		363		371		8


					$	6,908	$	7,075	$	167

Percentages are based on a Net Assets of $3,777,369 ($ Thousands).

*	Non-income producing security.

**	The rate reported is the 7-day effective yield as of September 30, 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 September 30, 2020 (see Note 10). The total market value of securities on loan at September 30, 2020, was $47,399 ($ Thousands).

(B)	Securities considered illiquid. The total value of such securities as of September 30, 2020 was $21,715 ($ Thousands) and represented 0.6% of the Net Assets of the Fund.

(C)	This security was purchased with cash collateral held from securities on loan (see Note 10). The total market value of such securities as of September 30, 2020 was $48,578 ($ Thousands).

ADR — American Depositary Receipt

Cl — Class

L.P. — Limited Partnership

MSCI — Morgan Stanley Capital International

PLC — Public Limited Company

S&P — Standard & Poor’s

The following is a list of the level of inputs used as of September 30, 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

3,751,804

–

3,751,804

Affiliated Partnership

–

48,578

–

48,578

Cash Equivalent

21,668

–

21,668

Total Investments in Securities

3,773,472

48,578

–

3,822,050

Other Financial Instruments

Level 1

($)

Level 2

($)

Level 3

($)

Total

($)

Futures Contracts*

Unrealized Appreciation

167

–

167

Total Other Financial Instruments

167

–

167

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

For the year ended September 30, 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 / Annual Report / September 30, 2020

The following is a summary of the Fund’s transactions with affiliates for the year ended September 30, 2020 ($ Thousands):



Security Description	Value 9/30/2019	Purchases at Cost	Proceeds from Sales	Realized Gain/ (Loss)	Change in Unrealized Appreciation/ (Depreciation)	Value 9/30/2020	Shares	Income	Capital Gains
SEI Liquidity Fund, L.P.	$ 39,146	$ 534,002	$ (524,566)	$ —	$ (4)	$ 48,578	48,569,484	$ 765	$ —
SEI Daily Income Trust, Government Fund, Cl F	34,813	606,098	(619,243)	—	—	21,668	21,667,627	161	—

Totals	$ 73,959	$ 1,140,100	$ (1,143,809)	$ —	$ (4)	$ 70,246		$ 926	$ —

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 / Annual Report / September 30, 2020

SUMMARY SCHEDULE OF INVESTMENTS

September 30, 2020

S&P 500 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 — 98.2%

Communication Services — 10.6%
Alphabet Inc, Cl A *		1.6	%		9,040	$	13,249
Alphabet Inc, Cl C *		1.5			8,809		12,946
AT&T Inc		0.7			213,493		6,087
Comcast Corp, Cl A		0.8			136,596		6,319
Facebook Inc, Cl A *		2.2			71,990		18,854
Netflix Inc *		0.8			13,200		6,600
Verizon Communications Inc		0.9			123,996		7,377
Walt Disney Co/The		0.8			54,093		6,712
Other Securities		1.3					12,058

							90,202


Consumer Discretionary — 11.4%
Amazon.com Inc, Cl A *		4.7			12,748		40,140
Home Depot Inc/The		1.1			32,231		8,951
Lowe’s Cos Inc		0.4			22,649		3,757
McDonald’s Corp		0.6			22,255		4,885
NIKE Inc, Cl B		0.6			37,223		4,673
Other Securities		4.0					34,036

							96,442


Consumer Staples — 6.9%
Coca-Cola Co/The		0.7			115,849		5,720
Costco Wholesale Corp		0.5			13,218		4,692
PepsiCo Inc		0.7			41,459		5,746
Procter & Gamble Co/The		1.2			74,545		10,361
Walmart Inc		0.7			41,556		5,814
Other Securities		3.1					26,217

							58,550


Energy — 2.0%
Chevron Corp		0.5			55,923		4,026
Exxon Mobil Corp		0.5			126,646		4,348
Other Securities		1.0					8,787

							17,161


Financials — 9.5%
Bank of America Corp		0.7			228,445		5,503
Berkshire Hathaway Inc, Cl B *		1.5			59,363		12,641



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

COMMON STOCK (continued)
JPMorgan Chase & Co		1.0	%		91,276	$	8,787
Other Securities		6.3					53,763

							80,694


Health Care — 14.0%
Abbott Laboratories		0.7			52,999		5,768
AbbVie Inc		0.5			52,750		4,620
Amgen Inc, Cl A		0.5			17,522		4,453
Bristol-Myers Squibb Co		0.5			67,397		4,063
Danaher Corp, Cl A		0.5			18,896		4,069
Johnson & Johnson		1.4			78,854		11,740
Medtronic PLC		0.5			40,272		4,185
Merck & Co Inc		0.7			75,776		6,286
Pfizer Inc		0.7			166,456		6,109
Thermo Fisher Scientific Inc		0.6			11,869		5,240
UnitedHealth Group Inc		1.0			28,428		8,863
Other Securities		6.4					53,291

							118,687


Industrials — 8.1%
Union Pacific Corp		0.5			20,374		4,011
Other Securities (A)		7.6					65,075

							69,086


Information Technology — 27.6%
Accenture PLC, Cl A		0.5			19,049		4,305
Adobe Inc *		0.8			14,375		7,050
Apple Inc		6.6			481,362		55,746
Broadcom Inc		0.5			12,046		4,389
Cisco Systems Inc		0.6			126,761		4,993
Intel Corp		0.8			127,397		6,597
Mastercard Inc, Cl A		1.1			26,474		8,953
Microsoft Corp		5.6			226,615		47,664
NVIDIA Corp		1.2			18,512		10,019
PayPal Holdings Inc *		0.8			35,149		6,925
QUALCOMM Inc		0.5			33,754		3,972
salesforce.com Inc *		0.8			27,223		6,842
Texas Instruments Inc		0.5			27,466		3,922
Visa Inc, Cl A		1.2			50,476		10,094
Other Securities		6.1					53,362

							234,833


Materials — 2.6%
Linde PLC		0.4			15,720		3,743
Other Securities (A)		2.2					18,151

							21,894


Real Estate — 2.6%
Other Securities ^‡		2.6					22,085


Utilities — 2.9%
NextEra Energy Inc		0.5			14,620		4,058
Other Securities		2.4					20,739

							24,797


Total Common Stock (Cost $273,119) ($ Thousands)							834,431

SEI Institutional Managed Trust / Annual Report / September 30, 2020



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

AFFILIATED PARTNERSHIP — 0.0%
SEI Liquidity Fund, L.P.
0.100% **^†(B)		0.0	%		349,021	$	349


Total Affiliated Partnership (Cost $349) ($ Thousands)							349


CASH EQUIVALENT — 1.5%
SEI Daily Income Trust, Government Fund, Cl F
0.010% **^†		1.5			12,427,603		12,428


Total Cash Equivalent (Cost $12,428) ($ Thousands)							12,428


Total Investments in Securities — 99.7% (Cost $285,896)($ Thousands)						$	847,208

A list of the open futures contracts held by the Fund at September 30, 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		Dec-2020	$	15,858	$	15,922	$	64

Percentages are based on a Net Assets of $850,084 ($ Thousands).

*	Non-income producing security.

** The rate reported is the 7-day effective yield as of September 30, 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 September 30, 2020 (see Note 10). The total market value of securities on loan at September 30, 2020, was $345 ($ Thousands).

(B)	This security was purchased with cash collateral held from securities on loan (See Note 10). The total market value of such securities as of September 30, 2020 was $349 ($ 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 September 30, 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

834,431

–

834,431

Affiliated Partnership

–

349

–

349

Cash Equivalent

12,428

–

12,428

Total Investments in Securities

846,859

349

–

847,208

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 year ended September 30, 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 / Annual Report / September 30, 2020

SUMMARY SCHEDULE OF INVESTMENTS

September 30, 2020

S&P 500 Index Fund (Concluded)

The following is a summary of the Fund’s transactions with affiliates for the year ended September 30, 2020 ($ Thousands):



Security Description	Value 9/30/2019		Purchases at Cost		Proceeds from Sales		Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)		Value 9/30/2020		Shares		Income		Capital Gains
SEI Liquidity Fund, L.P.		$ —		$ 59,268		$ (58,922)		$ 3		$ —		$ 349		349,021		$ 13		$ —
SEI Daily Income Trust, Government Fund, Cl F		8,999		243,016		(239,587)		—		—		12,428		12,427,603		100		—

Totals		$ 8,999		$ 302,284		$(298,509)		$ 3		$ —		$12,777				$ 113		$ —

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 / Annual Report / September 30, 2020

SUMMARY SCHEDULE OF INVESTMENTS

September 30, 2020

Small 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 — 98.3%

Communication Services — 2.5%
Cinemark Holdings Inc		0.3	%		168,949	$	1,690
Cogent Communications Holdings Inc		0.4			35,610		2,138
Other Securities		1.8					9,307

							13,135

Consumer Discretionary — 16.3%
Aaron’s Inc		0.3			31,212		1,768
American Eagle Outfitters Inc		1.0			359,855		5,329
Bloomin’ Brands Inc		0.7			233,293		3,562
Cheesecake Factory Inc/The (A)		0.4			75,616		2,098
Dave & Buster’s Entertainment Inc (A)		0.8			269,222		4,081
Domino’s Pizza Inc		0.3			3,944		1,677
Modine Manufacturing Co *		0.7			577,653		3,610
Murphy USA Inc *		0.5			22,125		2,838
Pool Corp		0.3			5,541		1,854
Taylor Morrison Home Corp, Cl A *		0.4			78,143		1,922
Tractor Supply Co		0.3			11,935		1,711
Urban Outfitters Inc *		0.5			118,277		2,461
Other Securities (A)		10.1					53,274

							86,185


Consumer Staples — 6.0%
BJ’s Wholesale Club Holdings Inc *		0.4			53,890		2,239
Darling Ingredients Inc *		0.7			97,685		3,520
TreeHouse Foods Inc *		0.4			45,935		1,862
Other Securities (A)		4.5					24,263

							31,884


Energy — 1.7%
Cabot Oil & Gas Corp		0.4			113,626		1,973



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

COMMON STOCK (continued)
Cimarex Energy Co		0.4	%		73,665	$	1,792
Other Securities		0.9					5,043

							8,808


Financials — 17.1%
American Equity Investment Life Holding Co		0.8			194,140		4,269
Argo Group International Holdings Ltd		0.5			73,345		2,525
BankUnited Inc		0.8			191,392		4,193
CNO Financial Group Inc		0.8			270,110		4,332
Cohen & Steers Inc		0.4			34,837		1,942
FactSet Research Systems Inc		0.3			5,251		1,758
First Commonwealth Financial Corp		0.4			232,903		1,803
First Horizon National Corp		1.2			669,709		6,315
FNB Corp/PA		0.7			566,502		3,841
Lincoln National Corp		0.5			83,081		2,603
TCF Financial Corp		0.8			182,070		4,253
Umpqua Holdings Corp		0.7			353,088		3,750
Other Securities ^‡(A)		9.2					48,860

							90,444


Health Care — 14.1%
AMN Healthcare Services Inc *		0.6			50,618		2,959
Ensign Group Inc/The		0.5			48,105		2,745
Integra LifeSciences Holdings Corp *		0.5			59,377		2,804
Prestige Consumer Healthcare Inc, Cl A *		0.3			49,013		1,785
ResMed Inc		0.3			9,806		1,681
STERIS PLC		0.3			10,048		1,770
Other Securities (A)		11.6					61,235

							74,979


Industrials — 15.1%
BWX Technologies Inc, Cl W		0.5			48,858		2,751
JetBlue Airways Corp *		0.6			259,502		2,940
Tetra Tech Inc		0.5			26,101		2,493
WESCO International Inc *		0.7			86,219		3,795
Other Securities (A)		12.8					68,040

							80,019


Information Technology — 14.1%
J2 Global Inc *		0.6			46,884		3,245
ManTech International Corp/ VA, Cl A		0.5			39,653		2,731
NCR Corp *		0.6			141,392		3,130
Power Integrations Inc		0.4			34,539		1,913
Super Micro Computer Inc *		0.7			145,632		3,845
Other Securities (A)		11.3					59,978

							74,842


Materials — 5.2%
B2Gold Corp		0.4			300,639		1,960

SEI Institutional Managed Trust / Annual Report / September 30, 2020

SUMMARY SCHEDULE OF INVESTMENTS

September 30, 2020

Small Cap Fund (Concluded)



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

COMMON STOCK (continued)
Commercial Metals Co, Cl A		0.8	%		220,463	$	4,405
Other Securities		4.0					21,080

							27,445


Real Estate — 3.2%
Other Securities ^‡(A)		3.2					16,881


Utilities — 3.0%
Algonquin Power & Utilities Corp		0.3			115,967		1,686
Portland General Electric Co		0.5			71,796		2,549
Other Securities		2.2					11,687

							15,922

Total Common Stock (Cost $460,141) ($ Thousands)							520,544


EXCHANGE TRADED FUND — 0.2%
Other Securities		0.2					1,209

Total Exchange Traded Fund (Cost $1,174) ($ Thousands)							1,209


AFFILIATED PARTNERSHIP — 2.7%
SEI Liquidity Fund, L.P.
0.100% **^†(B)		2.7			14,413,020		14,415


Total Affiliated Partnership
(Cost $14,413) ($ Thousands)							14,415


CASH EQUIVALENT — 1.8%
SEI Daily Income Trust, Government Fund, Cl F
0.010% **^†		1.8			9,347,352		9,347


Total Cash Equivalent (Cost $9,347) ($ Thousands)							9,347


Total Investments in Securities — 103.0% (Cost $485,075)($ Thousands)						$	545,515

Percentages are based on a Net Assets of $529,522 ($ Thousands).

*	Non-income producing security.

**	The rate reported is the 7-day effective yield as of September 30, 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 September 30, 2020 (see Note 10). The total market value of securities on loan at September 30, 2020, was $14,063 ($ Thousands).

(B)	This security was purchased with cash collateral held from securities on loan (see Note 10). The total market value of such securities as of September 30, 2020 was $14,415 ($ Thousands).

Cl — Class

L.P. — Limited Partnership

The following is a list of the level of inputs used as of September 30, 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

520,544

–

520,544

Exchange Traded Fund

1,209

–

1,209

Affiliated Partnership

–

14,415

–

14,415

Cash Equivalent

9,347

–

9,347

Total Investments in Securities

531,100

14,415

–

545,515

For the year ended September 30, 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 / Annual Report / September 30, 2020

The following is a summary of the Fund’s transactions with affiliates for the year ended September 30, 2020 ($ Thousands):



Security Description	Value 9/30/2019		Purchases at Cost		Proceeds from Sales		Realized Gain/ (Loss)		Change in Unrealized Appreciation/ (Depreciation)		Value 9/30/2020		Shares		Income		Capital Gains
SEI Liquidity Fund, L.P.		$ 16,900		$155,637		$ (158,126)		$1		$ 3		$14,415		14,413,020		$241		$—
SEI Daily Income Trust, Government Fund, Cl F		13,698		252,002		(256,353)		—		—		9,347		9,347,352		87		—

Totals		$ 30,598		$ 407,639		$ (414,479)		$1		$ 3		$23,762				$328		$—

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 / Annual Report / September 30, 2020

SUMMARY SCHEDULE OF INVESTMENTS

September 30, 2020

Small Cap Value Fund

LOGO

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



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

COMMON STOCK — 95.1%

Communication Services — 2.1%
Nexstar Media Group Inc, Cl A		1.3	%		42,752	$	3,845
Other Securities		0.8					2,449

							6,294


Consumer Discretionary — 11.9%
American Eagle Outfitters Inc		0.7			144,015		2,133
Bloomin’ Brands Inc		0.5			107,260		1,638
Dave & Buster’s Entertainment Inc (A)		0.6			118,261		1,793
Dick’s Sporting Goods Inc		0.6			28,424		1,645
Lithia Motors Inc, Cl A		1.2			15,520		3,538
Meritage Homes Corp *		1.0			26,749		2,953
Modine Manufacturing Co *		0.6			265,658		1,660
Other Securities (A)		6.7					19,952

							35,312


Consumer Staples — 2.5%
Hostess Brands Inc, Cl A *		1.1			253,749		3,129
Other Securities		1.4					4,200

							7,329


Energy — 1.9%
Other Securities (B)		1.9					5,714


Financials — 20.7%
American Equity Investment Life Holding Co		0.6			86,441		1,901
BankUnited Inc		0.8			105,472		2,311
BGC Partners Inc, Cl A		0.5			634,022		1,522
CNO Financial Group Inc		1.3			234,541		3,762
Columbia Banking System Inc		0.9			108,476		2,587
First Horizon National Corp		0.7			227,664		2,147
OFG Bancorp		0.5			128,092		1,596
Pacific Premier Bancorp Inc		0.6			89,692		1,806
PacWest Bancorp		1.0			170,108		2,905
Starwood Property Trust Inc ^‡		0.9			187,229		2,825



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

COMMON STOCK (continued)
TCF Financial Corp		0.9	%		108,472	$	2,534
Other Securities ^‡(A)		12.0					35,824

							61,720


Health Care — 6.9%
Change Healthcare Inc *		1.1			216,723		3,145
Ligand Pharmaceuticals Inc *(A)		1.3			41,692		3,974
Syneos Health Inc, Cl A *		1.1			59,017		3,137
Other Securities (A)		3.4					10,237

							20,493


Industrials — 15.3%
Atlas Air Worldwide Holdings Inc *		0.5			25,060		1,526
BWX Technologies Inc, Cl W		1.2			62,885		3,541
Colfax Corp *		1.2			117,483		3,684
JetBlue Airways Corp *		0.6			150,498		1,705
Kaman Corp, Cl A		0.6			43,720		1,704
KAR Auction Services Inc		0.9			192,054		2,766
Teledyne Technologies Inc *		0.6			6,369		1,976
Trinity Industries Inc		0.8			117,409		2,290
WESCO International Inc *		0.9			59,495		2,619
Other Securities		8.0					23,828

							45,639


Information Technology — 13.0%
ACI Worldwide Inc *		1.8			201,134		5,256
Diodes Inc *		0.6			30,003		1,694
Insight Enterprises Inc *		0.6			29,358		1,661
J2 Global Inc *		1.8			78,702		5,448
NCR Corp *		0.6			82,334		1,823
Silicon Motion Technology Corp ADR		1.0			80,722		3,050
Super Micro Computer Inc *		0.5			58,688		1,549
Sykes Enterprises Inc *		0.5			43,624		1,492
Verint Systems Inc *		1.0			62,377		3,005
Other Securities (A)		4.6					13,766

							38,744


Materials — 9.6%
Ashland Global Holdings Inc		0.9			38,976		2,764
Axalta Coating Systems Ltd *		0.8			111,577		2,474
Commercial Metals Co, Cl A		0.7			98,000		1,958
FMC Corp		2.2			60,250		6,381
Silgan Holdings Inc		2.1			169,569		6,235
Other Securities		2.9					8,649

							28,461


Real Estate — 9.4%
Gaming and Leisure Properties Inc ^‡		1.4			113,255		4,183
Howard Hughes Corp/The *		0.8			40,061		2,308
Invitation Homes Inc ^‡		0.5			55,234		1,546
Medical Properties Trust Inc ^‡		1.8			299,094		5,273
Other Securities ^‡(A)		4.9					14,666

							27,976

SEI Institutional Managed Trust / Annual Report / September 30, 2020



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

COMMON STOCK (continued)

Utilities — 1.8%
Other Securities (A)		1.8	%			$	5,460


Total Common Stock (Cost $292,816) ($ Thousands)							283,142


AFFILIATED PARTNERSHIP — 2.6%
SEI Liquidity Fund, L.P.
0.100% **^†(C)		2.6			7,685,808		7,690


Total Affiliated Partnership (Cost $7,686) ($ Thousands)							7,690



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

CASH EQUIVALENT — 4.6%
SEI Daily Income Trust, Government Fund, Cl F
0.010% **^†		4.6	%		13,795,369	$	13,795


Total Cash Equivalent (Cost $13,795) ($ Thousands)							13,795


Total Investments in Securities — 102.3% (Cost $314,297)($ Thousands)						$	304,627

A list of the open futures contracts held at September 30, 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		54		Dec-2020	$	4,069	$	4,062	$	(7	)

Percentages are based on Net Assets of $297,647 ($ Thousands).

*	Non-income producing security.

**	The rate reported is the 7-day effective yield as of September 30, 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 September 30, 2020 (see Note 10). The total market value of securities on loan at September 30, 2020 was $7,551 ($ Thousands).

(B)	Security is a Master Limited Partnership. At September 30, 2020, such securities amounted to $1,090 ($ Thousands), or 0.4% of the Net Assets of the Fund (see Note 2).

(C)	This security was purchased with cash collateral held from securities on loan (see Note 10). The total market value of such securities as of September 30, 2020 was $7,690 ($ 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 September 30, 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

283,142

–

283,142

Affiliated Partnership

–

7,690

–

7,690

Cash Equivalent

13,795

–

13,795

Total Investments in Securities

296,937

7,690

–

304,627

Other Financial Instruments

Level 1

($)

Level 2

($)

Level 3

($)

Total

($)

Futures Contracts*

Unrealized Depreciation

)

–

)

Total Other Financial Instruments

)

–

)

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

For the year ended September 30, 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 / Annual Report / September 30, 2020

SUMMARY SCHEDULE OF INVESTMENTS

September 30, 2020

Small Cap Value Fund (Concluded)

The following is a summary of the Fund’s transactions with affiliates for the year ended September 30, 2020 ($ Thousands):



Security Description	Value 9/30/2019		Purchases at Cost		Proceeds from Sales		Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)		Value 9/30/2020		Shares		Income		Capital Gains
SEI Liquidity Fund, L.P.		$ 8,496		$ 58,862		$ (59,670)		$ —		$ 2		$ 7,690		7,685,808		$ 109		$ —
SEI Daily Income Trust, Government Fund, Cl F		16,059		75,670		(77,934)		—		—		13,795		13,795,369		92		—

Totals		$ 24,555		$134,532		$ (137,604)		$ —		$ 2		$21,485				$ 201		$ —

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 / Annual Report / September 30, 2020

SUMMARY SCHEDULE OF INVESTMENTS

September 30, 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 — 98.3%

Communication Services — 1.4%
Bandwidth Inc, Cl A *		0.5	%		9,975	$	1,741
Other Securities		0.9					2,945

							4,686


Consumer Discretionary — 15.5%
Deckers Outdoor Corp *		0.6	%		9,038		1,988
Meritage Homes Corp *		0.7			20,577		2,271
Penn National Gaming Inc *		0.4			19,635		1,427
RH *		0.5			4,316		1,651
Sally Beauty Holdings Inc *		0.6			210,579		1,830
Shutterstock Inc		0.6			36,144		1,881
Skechers USA Inc, Cl A *		0.7			73,933		2,234
Sportsman’s Warehouse Holdings Inc *		0.4			96,672		1,383
Wingstop Inc, Cl A		0.4			10,047		1,373
Other Securities (A)		10.6					34,157

							50,195


Consumer Staples — 2.8%
BJ’s Wholesale Club Holdings Inc *		0.6			43,239		1,797
Other Securities (A)		2.2					7,164

							8,961


Energy — 1.8%
Renewable Energy Group Inc *		0.6			35,299		1,886
Other Securities (A)		1.2					4,080

							5,966


Financials — 8.3%
Artisan Partners Asset Management Inc, Cl A		0.5			44,561		1,737
Mr Cooper Group Inc *		0.6			84,449		1,885
PennyMac Financial Services Inc		0.5			28,785		1,673
Other Securities ^‡(A)(B)(C)(D)		6.7					21,551

							26,846



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

COMMON STOCK (continued)

Health Care — 29.8%
BioTelemetry Inc *		0.7	%		49,113	$	2,239
Castle Biosciences Inc *		0.5			31,149		1,603
Emergent BioSolutions *		0.5			16,402		1,695
Halozyme Therapeutics Inc *		0.6			70,929		1,864
Immunomedics Inc *		0.9			33,261		2,828
Merit Medical Systems Inc *		0.6			42,848		1,864
Pacira BioSciences Inc *		0.5			27,166		1,633
Quidel Corp *		0.7			10,221		2,242
Repligen Corp *		0.5			11,435		1,687
Silk Road Medical Inc *		0.5			25,645		1,724
Syneos Health Inc, Cl A *		0.5			30,987		1,647
Ultragenyx Pharmaceutical Inc *		0.5			17,638		1,450
Veracyte Inc *		0.7			67,933		2,207
Other Securities (A)(C)		22.1					72,121

							96,804


Industrials — 17.8%
ABM Industries Inc		0.6			52,218		1,914
Atlas Air Worldwide Holdings Inc *		0.4			22,605		1,377
Builders FirstSource Inc *		0.5			53,762		1,754
Clean Harbors Inc *		0.5			30,842		1,728
Heritage-Crystal Clean Inc *		0.5			131,798		1,759
John Bean Technologies Corp, Cl A		0.5			18,213		1,674
Matson Inc		0.6			45,498		1,824
Middleby Corp/The *		0.4			15,229		1,366
Ritchie Bros Auctioneers Inc		0.9			47,496		2,814
Sunrun Inc *(A)		0.5			18,657		1,438
Tennant Co		0.5			24,885		1,502
TriNet Group Inc *		1.1			62,519		3,709
UFP Industries Inc		0.5			25,745		1,455
Other Securities (A)		10.3					33,445

							57,759


Information Technology — 14.7%
2U Inc *		0.6			53,562		1,814
Benefitfocus Inc *		0.5			133,134		1,491
Digital Turbine Inc *		0.6			60,547		1,982
Echo Global Logistics Inc *		0.4			56,205		1,449
InnerWorkings Inc *		0.5			588,033		1,758
Pluralsight Inc, Cl A *		0.4			79,391		1,360
Tenable Holdings Inc *		0.5			38,671		1,460
Other Securities (A)(B)		11.2					36,449

							47,763


Materials — 2.4%
Ranpak Holdings Corp, Cl A *		0.6			207,115		1,972
Other Securities		1.8					5,823

							7,795


Real Estate — 2.9%
Redfin Corp *		0.6			38,191		1,907
Other Securities ^‡		2.3					7,655

							9,562

SEI Institutional Managed Trust / Annual Report / September 30, 2020

SUMMARY SCHEDULE OF INVESTMENTS

September 30, 2020

Small Cap Growth Fund (Concluded)



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

COMMON STOCK (continued)

Utilities — 0.9%
Other Securities		0.9	%			$	3,056


Total Common Stock (Cost $275,302) ($ Thousands)							319,393


AFFILIATED PARTNERSHIP — 4.4%
SEI Liquidity Fund, L.P.
0.100% **^†(E)		4.4			14,252,057		14,256


Total Affiliated Partnership (Cost $14,253) ($ Thousands)							14,256


CASH EQUIVALENT — 1.7%
SEI Daily Income Trust, Government Fund, Cl F
0.010% **^†		1.7			5,613,316		5,613


Total Cash Equivalent (Cost $5,613) ($ Thousands)							5,613


Total Investments in Securities — 104.4% (Cost $295,168)($ Thousands)						$	339,262

Percentages are based on a Net Assets of $324,819 ($ Thousands).

*	Non-income producing security.

**	The rate reported is the 7-day effective yield as of September 30, 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 September 30, 2020 (see Note 10). The total market value of securities on loan at September 30, 2020, was $13,861 ($ Thousands).

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

(C)	Securities considered illiquid. The total value of such securities as of September 30, 2020 was $746 ($ Thousands) and represented 0.2% of Net Assets.

(D)	Securities considered restricted. The total market value of such securities as of September 30, 2020 was $57 ($ Thousands) and represented 0.0% of Net Assets.

(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 September 30, 2020 was $14,256 ($ Thousands).

Cl — Class

L.P. — Limited Partnership

The following is a list of the level of inputs used as of September 30, 2020, in valuing the Fund’s investments carried at value ($ Thousands):



Investments in Securities	Level 1 ($)		Level 2 ($)		Level 3 ($)⁽¹⁾		Total ($)
Common Stock		319,331		–		62		319,393
Affiliated Partnership		–		14,256		–		14,256
Cash Equivalent		5,613		–		–		5,613

Total Investments in Securities		324,944		14,256		62		339,262

(1) A reconciliation of Level 3 investments is presented when the Fund has a significant amount of Level 3 investments at the beginning and/or end of the period in relation to the net assets. Management has concluded that Level 3 investments are not material in relation to net assets.

For the year ended September 30, 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 year ended September 30, 2020 ($ Thousands):



Security Description	Value 9/30/2019		Purchases at Cost		Proceeds from Sales			Realized Gain/ (Loss)	Change in Unrealized Appreciation/ (Depreciation)	Value 9/30/2020		Shares	Income		Capital Gains
SEI Liquidity Fund, L.P.	$	23,698	$	97,919	$	(107,365	)	$1	$3	$	14,256	14,252,057	$	302	$—
SEI Daily Income Trust, Government Fund, Cl F		11,046		66,157		(71,590	)	—	—		5,613	5,613,316		50	—

Totals	$	34,744	$	164,076	$	(178,955	)	$1	$3	$	19,869		$	352	$—

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 / Annual Report / September 30, 2020

SUMMARY SCHEDULE OF INVESTMENTS

September 30, 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 — 97.5%

Communication Services — 2.9%
Nexstar Media Group Inc, Cl A		0.8	%		68,960	$	6,201
Other Securities (A)		2.1					15,476

							21,677


Consumer Discretionary — 12.3%
American Eagle Outfitters Inc (A)		0.7			336,786		4,988
Bloomin’ Brands Inc		0.6			316,415		4,832
Cheesecake Factory Inc/The (A)		0.4			117,928		3,271
Dave & Buster’s Entertainment Inc (A)		0.7			361,275		5,477
Dick’s Sporting Goods Inc		0.5			62,378		3,610
Etsy Inc *		0.4			25,967		3,158
Lithia Motors Inc, Cl A		0.9			28,769		6,558
Modine Manufacturing Co *		0.5			646,928		4,043
Pool Corp		1.1			23,829		7,972
Other Securities (A)		6.5					47,888

							91,797


Consumer Staples — 4.4%
Hostess Brands Inc, Cl A *		0.8			468,657		5,779
Medifast Inc		0.6			26,681		4,388
Other Securities (A)		3.0					22,824

							32,991


Energy — 0.9%
Other Securities (A)(B)		0.9					6,790


Financials — 13.4%
American Equity Investment Life Holding Co		0.7			221,110		4,862
CNO Financial Group Inc		0.7			314,437		5,044
Columbia Banking System Inc		0.6			172,262		4,108
First Horizon National Corp		0.4			341,000		3,216
Lincoln National Corp		0.4			98,000		3,070



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

COMMON STOCK (continued)
PacWest Bancorp		0.6	%		267,309	$	4,566
Other Securities ^‡(A)		10.0					75,844

							100,710


Health Care — 15.7%
Change Healthcare Inc *		0.6			304,242		4,415
Emergent BioSolutions Inc *		0.7			49,468		5,112
Immunomedics Inc *		0.5			48,245		4,102
Ligand Pharmaceuticals Inc *(A)		1.0			82,212		7,836
Syneos Health Inc, Cl A *		0.7			96,849		5,148
Other Securities (A)		12.2					91,133

							117,746


Industrials — 14.3%
Atlas Air Worldwide Holdings Inc *		0.5			60,908		3,709
BWX Technologies Inc, Cl W		0.6			83,972		4,728
Colfax Corp *		0.7			176,368		5,531
CoStar Group Inc *		0.5			4,446		3,773
IAA Inc *		0.6			89,333		4,652
KAR Auction Services Inc		0.6			291,746		4,201
Masonite International Corp *		0.5			37,718		3,711
Teledyne Technologies Inc *		0.8			18,991		5,891
WESCO International Inc *		0.6			94,612		4,165
XPO Logistics Inc *		0.8			65,979		5,586
Other Securities (A)		8.1					61,355

							107,302


Information Technology — 18.3%
ACI Worldwide Inc *		1.6			454,753		11,883
Aspen Technology Inc *		0.4			25,803		3,266
J2 Global Inc *		1.8			191,856		13,280
NCR Corp *		0.4			145,198		3,215
Semtech Corp *		0.5			69,289		3,670
Silicon Motion Technology Corp ADR		0.7			129,500		4,893
Super Micro Computer Inc *		0.8			217,263		5,736
Trade Desk Inc/The, Cl A *		0.5			6,474		3,359
Verint Systems Inc *		0.7			112,718		5,431
Wix.com Ltd *		0.5			15,023		3,829
Other Securities		10.4					78,640

							137,202


Materials — 7.3%
Ashland Global Holdings Inc		0.5			55,852		3,961
B2Gold Corp		0.4			501,613		3,270
Commercial Metals Co, Cl A		0.7			270,710		5,409
FMC Corp		1.5			105,124		11,134
Silgan Holdings Inc		1.3			272,109		10,005
Other Securities		2.9					20,895

							54,674


Real Estate — 5.5%
Gaming and Leisure Properties Inc ^‡		0.8			168,741		6,232

SEI Institutional Managed Trust / Annual Report / September 30, 2020

SUMMARY SCHEDULE OF INVESTMENTS

September 30, 2020

Tax-Managed Small/Mid Cap Fund (Concluded)



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

COMMON STOCK (continued)
Medical Properties Trust Inc ^‡		1.0	%		410,854	$	7,243
Other Securities ^‡		3.7					27,959

							41,434


Utilities — 2.5%
Other Securities		2.5					18,750


Total Common Stock (Cost $514,539) ($ Thousands)							731,073


AFFILIATED PARTNERSHIP — 3.8%
SEI Liquidity Fund, L.P.
0.100% **^†(C)		3.8			28,345,929		28,359

Total Affiliated Partnership (Cost $28,349) ($ Thousands)							28,359


CASH EQUIVALENT — 2.5%
SEI Daily Income Trust, Government Fund, Cl F
0.010% **^†		2.5			18,861,087		18,861


Total Cash Equivalent (Cost $18,861) ($ Thousands)							18,861


Total Investments in Securities — 103.8% (Cost $561,749)($ Thousands)						$	778,293

Percentages are based on a Net Assets of $749,505 ($ Thousands).

*	Non-income producing security.

**	The rate reported is the 7-day effective yield as of September 30, 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 September 30, 2020 (see Note 10). The total market value of securities on loan at September 30, 2020, was $27,598 ($ Thousands).

(B)	Security is a Master Limited Partnership. At September 30, 2020, such securities amounted to $1,160 ($ Thousands), or 0.2% of the Fund Net Assets (see Note 2).

(C)	This security was purchased with cash collateral held from securities on loan (see Note 10). The total market value of such securities as of September 30, 2020 was $28,359 ($ Thousands).

ADR — American Depositary Receipt

Cl — Class

The following is a list of the level of inputs used as of September 30, 2020, in valuing the Fund’s investments carried at value ($ Thousands):

Investments in Securities

Level 1
($)

Level 2
($)

Level 3
($)

Total
($)

Common Stock

731,073

–

731,073

Affiliated Partnership

–

28,359

–

28,359

Cash Equivalent

18,861

–

18,861

Total Investments in Securities

749,934

28,359

–

778,293

For the year ended September 30, 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 year ended September 30, 2020 ($ Thousands):



Security Description	Value 9/30/2019	Purchases at Cost	Proceeds from Sales	Realized Gain/ (Loss)	Change in Unrealized Appreciation/ (Depreciation)	Value 9/30/2020	Shares	Income	Capital Gains
SEI Liquidity Fund, L.P.	$78,149	$129,493	$(179,292)	$(2)	$11	$28,359	28,345,929	$213	$—
SEI Daily Income Trust, Government Fund, Cl F	18,992	158,458	(158,589)	—	—	18,861	18,861,087	121	—

Totals	$97,141	$287,951	$(337,881)	$(2)	$11	$47,220		$334	$—

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 / Annual Report / September 30, 2020

SUMMARY SCHEDULE OF INVESTMENTS

September 30, 2020

Mid-Cap Fund

LOGO

^†Percentages are based on total investments.



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

COMMON STOCK — 98.3%

Communication Services — 4.2%
CenturyLink Inc		0.8	%		53,800	$	543
Spotify Technology SA *		1.1			3,100		752
Other Securities		2.3					1,621

							2,916


Consumer Discretionary — 12.9%
Best Buy Co Inc		1.0			6,700		746
Dollar Tree Inc *		0.9			6,900		630
DR Horton Inc		1.1			9,800		741
Lennar Corp, Cl A		0.5			4,600		376
Lennar Corp, Cl B		0.4			4,200		276
O’Reilly Automotive Inc *		1.0			1,550		715
PulteGroup Inc		0.9			13,400		620
Tractor Supply Co		0.9			4,200		602
Other Securities		6.2					4,308

							9,014


Consumer Staples — 5.7%
Archer-Daniels-Midland Co		1.0			15,000		697
Conagra Brands Inc		0.8			16,200		579
Kroger Co/The		1.0			21,100		716
Tyson Foods Inc, Cl A		0.8			9,300		553
Other Securities		2.1					1,458

							4,003


Energy — 0.9%
Other Securities		0.9					601


Financials — 9.0%
Ameriprise Financial Inc		1.0			4,400		678
Annaly Capital Management Inc ^‡		0.8			76,100		542
Discover Financial Services		0.8			10,100		584
T Rowe Price Group Inc		0.8			4,600		590
Other Securities ^‡		5.6					3,907

							6,301


Health Care — 14.6%
Alexion Pharmaceuticals Inc *		1.0			5,900		675
AmerisourceBergen Corp, Cl A		0.9			6,300		610



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

COMMON STOCK (continued)
Hologic Inc *		0.8	%		8,300	$	552
IQVIA Holdings Inc *		0.9			3,900		615
McKesson Corp		0.9			4,400		655
PerkinElmer Inc		0.8			4,400		552
ResMed Inc		0.9			3,600		617
STERIS PLC		0.9			3,500		617
Universal Health Services Inc, Cl B *		0.7			5,000		535
Veeva Systems Inc, Cl A *		1.0			2,500		703
West Pharmaceutical Services Inc		1.0			2,500		687
Other Securities		4.8					3,441

							10,259


Industrials — 13.6%
Carrier Global Corp		0.9			21,900		669
Cummins Inc		1.1			3,700		781
Expeditors International of Washington Inc		0.9			6,900		625
Masco Corp		0.8			10,600		584
PACCAR Inc		1.0			8,100		691
WW Grainger Inc		0.8			1,500		535
Other Securities		8.1					5,669

							9,554


Information Technology — 20.3%
Cadence Design Systems Inc *		1.1			7,300		778
Citrix Systems Inc		0.8			4,000		551
Fortinet Inc *		0.8			4,600		542
KLA Corp		0.9			3,400		659
NortonLifeLock Inc		0.8			25,700		535
Paycom Software Inc *		0.9			2,000		623
Skyworks Solutions Inc		1.1			5,200		757
SS&C Technologies Holdings Inc		0.9			10,400		629
Synopsys Inc *		1.1			3,600		770
Other Securities		11.9					8,381

							14,225


Materials — 5.1%
Celanese Corp, Cl A		0.8			5,000		537
Corteva Inc		1.0			22,900		660
LyondellBasell Industries NV, Cl A		0.9			8,600		606
Other Securities		2.4					1,746

							3,549


Real Estate — 5.6%
Gaming and Leisure Properties Inc ^‡		0.8			14,971		553
Weyerhaeuser Co ^‡		0.8			20,700		590
Other Securities ^‡		4.0					2,747

							3,890


Utilities — 6.4%
AES Corp/The		0.9			33,800		612
PPL Corp		0.8			19,900		541

SEI Institutional Managed Trust / Annual Report / September 30, 2020

SUMMARY SCHEDULE OF INVESTMENTS

September 30, 2020

Mid-Cap Fund (Concluded)



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

COMMON STOCK (continued)
Public Service Enterprise Group Inc		1.1	%		13,600	$	747
Other Securities		3.6					2,594

							4,494

Total Common Stock (Cost $63,268) ($ Thousands)							68,806



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

CASH EQUIVALENT — 1.6%
SEI Daily Income Trust, Government Fund, Cl F
0.010% **^†		1.6	%		1,118,918	$	1,119


Total Cash Equivalent (Cost $1,119) ($ Thousands)							1,119


Total Investments in Securities — 99.9% (Cost $64,387) ($ Thousands)						$	69,925

A list of the open futures contracts held by the Fund at September 30, 2020 is as follows:



Type of Contract	Number of Contracts Long		Expiration Date		Notional Amount (Thousands)		Value (Thousands)		Unrealized Appreciation (Thousands)
S&P Mid Cap 400 Index E-MINI		1		Dec-2020	$	181	$	186	$	5

Percentages are based on a Net Assets of $69,995 ($ Thousands).

*	Non-income producing security.

**	The rate reported is the 7-day effective yield as of September 30, 2020.

^‡	Real Estate Investment Trust.

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

Cl — Class

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 September 30, 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 year ended September 30, 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 year ended September 30, 2020 ($ Thousands):



Security Description	Value 9/30/2019		Purchases at Cost		Proceeds from Sales			Realized Gain/ (Loss)		Change in Unrealized Appreciation/ (Depreciation)		Value 9/30/2020		Shares	Income		Capital Gains
SEI Daily Income Trust, Government Fund, Cl F		$3,143		$39,328		$	(41,352)		$—		$—		$1,119			$19		$—

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 / Annual Report / September 30, 2020

SUMMARY SCHEDULE OF INVESTMENTS

September 30, 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 — 97.9%

Communication Services — 9.6%
AT&T Inc		1.2	%		704,200	$	20,077
Comcast Corp, Cl A		1.3			469,600		21,724
Verizon Communications		2.4			662,708		39,424
Other Securities (A)		4.7					75,614

							156,839


Consumer Discretionary — 9.4%
AutoZone Inc *		1.4			19,300		22,728
eBay Inc		1.2			364,000		18,964
Target Corp, Cl A		2.3			244,400		38,473
Other Securities (A)		4.5					74,063

							154,228


Consumer Staples — 19.3%
Altria Group Inc		0.6			270,100		10,437
Costco Wholesale Corp		0.6			26,437		9,385
General Mills Inc		1.5			409,410		25,252
Hormel Foods Corp		0.6			195,407		9,553
J M Smucker Co/The		1.4			191,385		22,109
Kellogg Co		0.8			194,966		12,593
Kimberly-Clark Corp		0.7			78,587		11,604
Kroger Co/The		1.7			808,481		27,416
Mondelez International Inc, Cl A		0.5			150,911		8,670
PepsiCo Inc		0.6			68,974		9,560
Procter & Gamble Co/The		0.5			62,742		8,721
Tyson Foods Inc, Cl A		0.9			257,700		15,328
Walmart Inc		1.7			196,868		27,544
Other Securities (A)		7.2					117,900

							316,072


Energy — 0.6%
Other Securities		0.6					9,880


Financials — 10.0%
Aflac Inc		0.7			317,600		11,545



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

COMMON STOCK (continued)
Allstate Corp/The		1.3	%		232,400	$	21,878
Berkshire Hathaway Inc, Cl B *		1.9			143,000		30,450
Other Securities ^‡		6.1					100,453

							164,326


Health Care — 15.2%
AbbVie Inc		0.5			100,800		8,829
Amgen Inc, Cl A		0.7			42,500		10,802
Bristol-Myers Squibb Co		1.4			391,766		23,620
CVS Health Corp		0.6			153,830		8,984
Gilead Sciences Inc		0.6			141,500		8,941
HCA Healthcare Inc		0.7			94,000		11,720
Johnson & Johnson		2.6			285,829		42,554
Merck & Co Inc		2.5			499,303		41,417
Pfizer Inc		1.7			770,605		28,281
Other Securities (A)		3.9					63,039

							248,187


Industrials — 9.4%
3M Co		0.6			65,100		10,428
CoStar Group Inc *		0.5			10,064		8,539
Fastenal Co, Cl A		0.6			217,957		9,828
Northrop Grumman Corp		0.7			37,500		11,831
Republic Services Inc		0.7			121,200		11,314
Waste Management Inc		0.7			96,600		10,932
Other Securities (A)		5.6					90,953

							153,825


Information Technology — 14.3%
Amdocs Ltd		2.0			565,308		32,454
Cisco Systems Inc		1.3			537,800		21,184
F5 Networks Inc, Cl A *		0.7			90,931		11,164
Intel Corp		1.6			503,100		26,050
International Business Machines Corp		1.0			133,800		16,279
Juniper Networks Inc		0.6			447,700		9,626
Oracle Corp, Cl B		2.2			602,380		35,962
Western Union Co/The		0.9			715,900		15,342
Other Securities (A)		4.0					66,496

							234,557


Materials — 3.4%
Berry Global Group Inc *		0.5			176,512		8,529
Other Securities		2.9					47,072

							55,601


Real Estate — 1.3%
Other Securities ^‡		1.3					20,722


Utilities — 5.4%
DTE Energy Co		0.6			89,500		10,296
Entergy Corp		1.1			176,000		17,341
Evergy Inc		1.0			316,600		16,090

SEI Institutional Managed Trust / Annual Report / September 30, 2020

SUMMARY SCHEDULE OF INVESTMENTS

September 30, 2020

U.S. Managed Volatility Fund (Concluded)



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

COMMON STOCK (continued)
Exelon Corp		1.2	%		520,300	$	18,606
Other Securities (A)		1.5					25,233

							87,566

Total Common Stock (Cost $1,416,901) ($ Thousands)							1,601,803


AFFILIATED PARTNERSHIP — 0.8%
SEI Liquidity Fund, L.P. 0.100% **^†(B)		0.8			13,090,833		13,094


Total Affiliated Partnership (Cost $13,094) ($ Thousands)							13,094



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

CASH EQUIVALENT — 1.9%
SEI Daily Income Trust, Government Fund, Cl F
0.010% **^†		1.9	%		31,665,530	$	31,666


Total Cash Equivalent (Cost $31,666) ($ Thousands)							31,666


Total Investments in Securities — 100.6% (Cost $1,461,661) ($ Thousands)						$	1,646,563

A list of the open futures contracts held by the Fund at September 30, 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		106		Dec-2020	$	17,615	$	17,765	$	150

Percentages are based on a Net Assets of $1,636,825 ($ Thousands).

*	Non-income producing security.

**	The rate reported is the 7-day effective yield as of September 30, 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 September 30, 2020 (see Note 10). The total market value of securities on loan at September 30, 2020, was $12,727 ($ Thousands).

(B)	This security was purchased with cash collateral held from securities on loan (see Note 10). The total market value of such securities as of September 30, 2020 was $13,094 ($ Thousands).

Cl — Class

The following is a list of the level of inputs used as of September 30, 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

1,601,803

–

1,601,803

Affiliated Partnership

–

13,094

–

13,094

Cash Equivalent

31,666

–

31,666

Total Investments in Securities

1,633,469

13,094

–

1,646,563

Other Financial Instruments

Level 1

($)

Level 2
($)

Level 3
($)

Total

($)

Futures Contracts*

Unrealized Appreciation

150

–

150

Total Other Financial Instruments

150

–

150

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

For the year September 30, 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 year ended September 30, 2020 ($ Thousands):


Security Description	Value 9/30/2019	Purchases at Cost	Proceeds from Sales	Realized Gain/ (Loss)	Change in Unrealized Appreciation/ (Depreciation)	Value 9/30/2020	Shares	Income	Capital Gains
SEI Liquidity Fund, L.P.	$—	$40,671	$(27,577)	$—	$—	$13,094	13,090,833	$48	$—
SEI Daily Income Trust, Government Fund, Cl F	44,041	498,027	(510,402)	—	—	31,666	31,665,530	322	—

Totals	$44,041	$538,698	$(537,979)	$—	$—	$44,760		$370	$—

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

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

SEI Institutional Managed Trust / Annual Report / September 30, 2020

SUMMARY SCHEDULE OF INVESTMENTS

September 30, 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 — 96.7%
Australia — 1.7%
Newcrest Mining Ltd		1.0	%		461,027	$	10,333
Other Securities		0.7					7,446

							17,779


Austria — 0.1%
Other Securities		0.1					712


Belgium — 0.2%
Other Securities		0.2					2,619


Canada — 3.8%
BCE Inc		0.6			161,380		6,693
Other Securities (A)		3.2					33,396

							40,089


Denmark — 1.5%
Other Securities		1.5					15,895


Finland — 0.3%
Other Securities		0.3					3,545


France — 1.2%
Other Securities		1.2					12,195


Germany — 1.4%
Deutsche Telekom AG		0.9			560,206		9,364
Other Securities		0.5					5,472

							14,836



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

COMMON STOCK (continued)
Hong Kong — 1.7%
CLP Holdings Ltd, Cl B		0.8	%		853,156	$	7,953
Other Securities		0.9					9,808

							17,761


Israel — 1.3%
Other Securities		1.3					13,661


Italy — 0.5%
Other Securities		0.6					5,840


Japan — 9.6%
KDDI Corp		0.8			330,800		8,335
Nippon Telegraph & Telephone Corp		0.8			397,200		8,091
NTT DOCOMO Inc		1.2			337,100		12,423
Okinawa Cellular Telephone Co		0.0			800		30
Oracle Corp Japan		0.3			29,500		3,179
Softbank Corp		1.3			1,211,200		13,531
Other Securities^‡(A)		5.2					55,864

							101,453


Netherlands — 1.4%
Koninklijke Ahold Delhaize NV		1.2			446,803		13,237
Other Securities		0.2					1,896

							15,133


New Zealand — 0.8%
Other Securities ^‡		0.8					7,996


Norway — 1.5%
Orkla ASA		1.2			1,274,083		12,819
Other Securities		0.3					3,413

							16,232


Portugal — 0.1%
Other Securities		0.1					1,420


Singapore — 0.4%
Other Securities ^‡		0.4					3,806


Spain — 0.2%
Other Securities		0.2					2,180


Sweden — 2.1%
Axfood AB		0.6			306,146		7,019
ICA Gruppen AB (A)		1.1			231,259		11,770
Other Securities		0.4					3,789

							22,578


Switzerland — 4.9%
Nestle SA		0.8			68,221		8,121

SEI Institutional Managed Trust / Annual Report / September 30, 2020

SUMMARY SCHEDULE OF INVESTMENTS

September 30, 2020

Global Managed Volatility Fund (Continued)



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

COMMON STOCK (continued)

Switzerland (continued)
Novartis AG		0.8	%		102,623	$	8,919
Roche Holding AG		1.0			29,133		10,004
Swisscom AG		0.9			18,237		9,680
Other Securities		1.4					14,833

							51,557


United Kingdom — 2.5%
Other Securities		2.5					26,512


United States — 59.5%
Amgen Inc, Cl A		0.8			31,630		8,039
AT&T Inc		0.8			293,180		8,359
Biogen Inc *		0.9			31,869		9,041
Bio-Rad Laboratories Inc, Cl A *		0.7			14,053		7,244
Cerner Corp		0.6			94,334		6,819
Chemed Corp		1.0			22,030		10,582
Church & Dwight Co Inc		0.7			81,755		7,661
Cisco Systems Inc		0.8			205,947		8,112
Citrix Systems Inc		1.2			92,529		12,742
Clorox Co/The		1.3			65,211		13,705
Colgate-Palmolive Co		1.1			150,909		11,643
Comcast Corp, Cl A		0.9			210,633		9,744
Costco Wholesale Corp		1.5			45,630		16,199
Dollar General Corp		1.1			53,177		11,147
Encompass Health Corp		0.7			111,789		7,264
Expeditors International of
Washington Inc		0.6			72,709		6,582
F5 Networks Inc, Cl A *		0.6			55,477		6,811
Gilead Sciences Inc		0.8			138,462		8,749
Humana Inc		0.7			18,058		7,474
Intuit Inc		0.6			20,266		6,611
Johnson & Johnson		1.1			79,844		11,887
Juniper Networks Inc		0.7			326,774		7,026
Kimberly-Clark Corp		1.1			77,748		11,480
Kroger Co/The		1.2			369,716		12,537
Microsoft Corp		1.1			52,802		11,106
Newmont Corp		0.8			139,732		8,866
Oracle Corp, Cl B		0.8			142,368		8,499
PepsiCo Inc		0.7			54,023		7,488
Pfizer Inc		0.9			263,380		9,666
Procter & Gamble Co/The		0.8			61,172		8,502
Royal Gold Inc, Cl A		0.7			57,131		6,865
Universal Health Services Inc, Cl B		0.7			64,722		6,927
Verizon Communications Inc		1.2			209,891		12,486



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

COMMON STOCK (continued)

United States (continued)
Walmart Inc		1.1	%		83,892	$	11,737
Other Securities		29.2					309,772

							629,372

Total Common Stock (Cost $929,782) ($ Thousands)							1,023,171


PREFERRED STOCK — 0.5%

Germany — 0.5%
Other Securities (B)		0.5					4,889


Total Preferred Stock (Cost $4,723) ($ Thousands)							4,889


AFFILIATED PARTNERSHIP — 1.1%
SEI Liquidity Fund, L.P.
0.100% **^†(C)		1.1			11,888,904		11,893


Total Affiliated Partnership (Cost $11,893) ($ Thousands)							11,893


CASH EQUIVALENT — 1.5%
SEI Daily Income Trust, Government Fund, Cl F
0.010% **^†		1.4			15,236,482		15,236


Total Cash Equivalent (Cost $15,236) ($ Thousands)							15,236


Total Investments in Securities — 99.8% (Cost $961,634) ($ Thousands)						$	1,055,189

SEI Institutional Managed Trust / Annual Report / September 30, 2020

A list of the open futures contracts held by the Fund at September 30, 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		46		Dec-2020	$	1,791	$	1,723	$	(51)
FTSE 100 Index		10		Dec-2020		767		755		(16)
Hang Seng Index		2		Nov-2020		300		302		2
S&P 500 Index E-MINI		51		Dec-2020		8,486		8,548		62
SPI 200 Index		4		Dec-2020		424		416		(6)
TOPIX Index		7		Dec-2020		1,072		1,078		1

					$	12,840	$	12,822	$	(8)

A list of the open forward foreign currency contracts held by the Fund at September 30, 2020, is as follows:




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

Brown Brothers Harriman		10/19/20	USD		23	SGD		32	$ —
Brown Brothers Harriman		10/19/20	USD		4	SGD		6	—
Brown Brothers Harriman		10/19/20	USD		38	NZD		59	—
Brown Brothers Harriman		10/19/20	USD		119	NZD		178	(1)
Brown Brothers Harriman		10/19/20	USD		55	NOK		522	1
Brown Brothers Harriman		10/19/20	USD		161	NOK		1,490	(2)
Brown Brothers Harriman		10/19/20	USD		188	DKK		1,196	1
Brown Brothers Harriman		10/19/20	USD		58	DKK		365	(1)
Brown Brothers Harriman		10/19/20	USD		52	SEK		468	1
Brown Brothers Harriman		10/19/20	USD		216	SEK		1,912	(3)
Brown Brothers Harriman		10/19/20	USD		329	HKD		2,551	—
Brown Brothers Harriman		10/19/20	USD		14	HKD		110	—
Brown Brothers Harriman		10/19/20	USD		69	AUD		98	2
Brown Brothers Harriman		10/19/20	USD		356	AUD		494	(2)
Brown Brothers Harriman		10/19/20	USD		183	CAD		245	1
Brown Brothers Harriman		10/19/20	USD		334	CAD		444	(2)
Brown Brothers Harriman		10/19/20	USD		368	GBP		289	5
Brown Brothers Harriman		10/19/20	USD		154	GBP		119	—
Brown Brothers Harriman		10/19/20	USD		554	CHF		511	3
Brown Brothers Harriman		10/19/20	USD		78	CHF		71	(1)
Brown Brothers Harriman		10/19/20	USD		815	EUR		697	3
Brown Brothers Harriman		10/19/20	USD		249	EUR		210	(2)
Brown Brothers Harriman		10/19/20	SGD		1,304	USD		960	5
Brown Brothers Harriman		10/19/20	SGD		28	USD		21	—
Brown Brothers Harriman		10/19/20	USD		1,938	JPY		203,408	(10)
Brown Brothers Harriman		10/19/20	NZD		7,056	USD		4,764	100
Brown Brothers Harriman		10/19/20	NZD		193	USD		127	(1)
Brown Brothers Harriman		10/19/20	GBP		9,872	USD		12,840	78
Brown Brothers Harriman		10/19/20	GBP		267	USD		341	(3)
Brown Brothers Harriman		10/19/20	AUD		21,233	USD		15,567	350
Brown Brothers Harriman		10/19/20	AUD		528	USD		375	(4)
Brown Brothers Harriman		10/19/20	CAD		22,240	USD		16,881	230
Brown Brothers Harriman		10/19/20	CAD		595	USD		444	(1)
Brown Brothers Harriman		10/19/20	CHF		23,639	USD		26,044	298
Brown Brothers Harriman		10/19/20	CHF		526	USD		569	(4)

SEI Institutional Managed Trust / Annual Report / September 30, 2020

SUMMARY SCHEDULE OF INVESTMENTS

September 30, 2020

Global Managed Volatility Fund (Concluded)



Counterparty	Settlement Date		Currency to Deliver (Thousands)		Currency to Receive (Thousands)	Unrealized Appreciation (Depreciation) (Thousands)
Brown Brothers Harriman	10/19/20	EUR	28,982	USD	34,293	$	298
Brown Brothers Harriman	10/19/20	EUR	523	USD	610		(3	)
Brown Brothers Harriman	10/19/20	DKK	50,220	USD	7,987		72
Brown Brothers Harriman	10/19/20	DKK	1,069	USD	168		(1	)
Brown Brothers Harriman	10/19/20	HKD	75,636	USD	9,756		(3	)
Brown Brothers Harriman	10/19/20	NOK	75,158	USD	8,326		292
Brown Brothers Harriman	10/19/20	NOK	2,166	USD	229		(3	)
Brown Brothers Harriman	10/19/20	SEK	96,752	USD	11,008		194
Brown Brothers Harriman	10/19/20	SEK	2,569	USD	285		(2	)
Brown Brothers Harriman	10/19/20	JPY	5,477,794	USD	52,258		335
Brown Brothers Harriman	10/19/20	JPY	103,754	USD	982		(1	)

						$	2,219

Percentages are based on a Net Assets of $1,057,809 ($ Thousands).

*	Non-income producing security.

**	The rate reported is the 7-day effective yield as of September 30, 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 September 30, 2020 (see Note 10). The total market value of securities on loan at September 30, 2020, was $11,118 ($ Thousands).

(B)	There is currently no rate available.

(C)	This security was purchased with cash collateral held from securities on loan (see Note 10). The total market value of such securities as of September 30, 2020 was $11,893 ($ 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

Ltd. — Limited

NOK — Norwegian Krone

NZD — New Zealand Dollar

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 September 30, 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		1,023,008			163			–		1,023,171
Preferred Stock		4,889			–			–		4,889
Affiliated Partnership		–			11,893			–		11,893
Cash Equivalent		15,236			–			–		15,236

Total Investments in Securities		1,043,133			12,056			–		1,055,189



Other Financial Instruments	Level 1 ($)			Level 2 ($)			Level 3 ($)		Total ($)
Futures Contracts*
Unrealized Appreciation		65			–			–		65
Unrealized Depreciation		(73	)		–			–		(73	)
Forwards Contracts*
Unrealized Appreciation		–			2,269			–		2,269
Unrealized Depreciation		–			(50	)		–		(50	)

Total Other Financial Instruments		(8	)		2,219			–		2,211

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

For the year ended September 30, 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 / Annual Report / September 30, 2020

The following is a summary of the Fund’s transactions with affiliates for the year ended September 30, 2020 ($ Thousands):


Security Description	Value 9/30/2019	Purchases at Cost	Proceeds from Sales	Realized Gain/ (Loss)	Change in Unrealized Appreciation/ (Depreciation)	Value 9/30/2020	Shares	Income	Capital Gains
SEI Liquidity Fund, L.P.	$ —	$ 78,817	$ (66,927)	$ 3	$ —	$ 11,893	11,888,904	$ 58	$ —
SEI Daily Income Trust, Government Fund, Cl F	15,286	191,128	(191,178)	—	—	15,236	15,236,482	112	—

Totals	$ 15,286	$ 269,945	$ (258,105)	$ 3	$ —	$ 27,129		$ 170	$ —

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 / Annual Report / September 30, 2020

SUMMARY SCHEDULE OF INVESTMENTS

September 30, 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 — 98.3%

Communication Services — 6.2%
AT&T Inc		1.1	%		361,141	$	10,296
Verizon Communications Inc		2.1			320,851		19,088
Other Securities		3.0					27,991

							57,375


Consumer Discretionary — 6.5%
AutoZone Inc *		1.3			10,000		11,776
eBay Inc		0.8			140,400		7,315
McDonald’s Corp		0.6			26,822		5,887
Target Corp, Cl A		1.1			68,000		10,705
Other Securities (A)		2.7					25,186

							60,869


Consumer Staples — 14.8%
Church & Dwight Co Inc		0.7			67,706		6,345
Costco Wholesale Corp		0.8			21,849		7,756
General Mills Inc		0.7			102,310		6,311
McCormick & Co Inc/MD		0.9			40,825		7,924
PepsiCo Inc		1.0			63,903		8,857
Tyson Foods Inc, Cl A		1.2			183,000		10,885
Walmart Inc		3.4			225,208		31,509
Other Securities		6.1					58,265

							137,852


Energy — 0.3%
Other Securities		0.3					2,327


Financials — 10.9%
Allstate Corp/The		0.7			65,446		6,161
Berkshire Hathaway Inc, Cl B *		1.5			64,800		13,798
Everest Re Group Ltd		0.8			39,096		7,723
Progressive Corp/The		1.2			115,800		10,963
RenaissanceRe Holdings Ltd		1.3			69,181		11,743
Travelers Cos Inc/The		1.0			83,472		9,031
Other Securities		4.4					41,946

							101,365


Health Care — 18.9%
Anthem Inc		1.3			44,047		11,831



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

COMMON STOCK (continued)
Eli Lilly and Co		1.5	%		95,629	$	14,155
Humana Inc		1.4			30,752		12,728
Johnson & Johnson		2.7			169,533		25,240
Merck & Co Inc		2.2			247,609		20,539
Pfizer Inc		2.4			598,529		21,966
Quest Diagnostics Inc		0.6			50,752		5,811
UnitedHealth Group Inc		1.2			35,650		11,115
Other Securities		5.6					53,250

							176,635


Industrials — 9.5%
Lockheed Martin Corp		1.0			23,421		8,977
Northrop Grumman Corp		1.3			37,681		11,888
Raytheon Technologies Corp		1.2			197,898		11,387
Republic Services Inc		1.5			146,100		13,639
Waste Management Inc		1.5			124,467		14,086
Other Securities		3.0					28,364

							88,341


Information Technology — 17.4%
Amdocs Ltd		1.4			227,100		13,038
Apple Inc		3.8			303,048		35,096
Cisco Systems Inc		1.3			306,400		12,069
Citrix Systems Inc		0.9			58,471		8,052
Intel Corp		1.7			307,300		15,912
Microsoft Corp		1.9			85,745		18,035
Motorola Solutions Inc		1.5			87,963		13,793
Oracle Corp, Cl B		1.1			176,000		10,507
Synopsys Inc *		1.0			41,600		8,901
Other Securities		2.8					26,969

							162,372


Materials — 3.0%
Other Securities		3.0					28,331


Real Estate — 0.6%
Other Securities ^‡		0.6					5,615


Utilities — 10.2%
Ameren Corp		0.6			74,283		5,874
American Electric Power Co Inc		0.7			79,830		6,525
Consolidated Edison Inc		0.8			96,520		7,509
Entergy Corp		1.2			119,200		11,745
Eversource Energy		0.8			85,584		7,151
Exelon Corp		0.9			227,300		8,128
NextEra Energy Inc		1.0			34,977		9,708
Public Service Enterprise Group
Inc		1.1			183,544		10,078
WEC Energy Group Inc		0.8			80,403		7,791
Other Securities		2.3					20,801

							95,310

Total Common Stock (Cost $540,994) ($ Thousands)							916,392

SEI Institutional Managed Trust / Annual Report / September 30, 2020



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

AFFILIATED PARTNERSHIP — 0.3%
SEI Liquidity Fund, L.P.
0.100% ^**†(B)		0.3	%		3,409,868	$	3,411


Total Affiliated Partnership (Cost $3,411) ($ Thousands)							3,411


CASH EQUIVALENT — 1.6%
SEI Daily Income Trust, Government Fund, Cl F
0.010% ^**†		1.6			14,794,303		14,794


Total Cash Equivalent (Cost $14,794) ($ Thousands)							14,794


Total Investments in Securities — 100.2% (Cost $559,199) ($ Thousands)						$	934,597

A list of the open futures contracts held by the Fund at September 30, 2020, is as follows:



Type of Contract	Number of Contracts Long/(Short)		Expiration Date		Notional Amount (Thousands)		Value (Thousands)		Unrealized Appreciation (Depreciation) (Thousands)
S&P 500 Index E-MINI		36		Dec-2020	$	5,978	$	6,033	$	55

Percentages are based on a Net Assets of $932,292 ($ Thousands).

*	Non-income producing security.

**	The rate reported is the 7-day effective yield as of September 30, 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 September 30, 2020 (see Note 10). The total market value of securities on loan at September 30, 2020, was $3,389 ($ 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 September 30, 2020 was $3,411 ($ Thousands).

— 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 September 30, 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

916,392

–

916,392

Affiliated Partnership

–

3,411

–

3,411

Cash Equivalent

14,794

–

14,794

Total Investments in Securities

931,186

3,411

–

934,597

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 year ended September 30, 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 / Annual Report / September 30, 2020

SUMMARY SCHEDULE OF INVESTMENTS

September 30, 2020

Tax-Managed Managed Volatility Fund (Concluded)

The following is a summary of the Fund’s transactions with affiliates for the year ended September 30, 2020 ($ Thousands):


Security Description	Value 9/30/2019	Purchases at Cost	Proceeds from Sales	Realized Gain/ (Loss)	Change in Unrealized Appreciation/ (Depreciation)	Value 9/30/2020	Shares	Income	Capital Gains
SEI Liquidity Fund, L.P.	$ —	$ 14,996	$(11,585)	$—	$—	$3,411	3,409,868	$1	$—
SEI Daily Income Trust, Government Fund, Cl F	18,322	207,576	(211,104)	—	—	14,794	14,794,303	161	—

Totals	$ 18,322	$ 222,572	$(222,689)	$—	$—	$18,205		$162	$—

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 / Annual Report / September 30, 2020

SUMMARY SCHEDULE OF INVESTMENTS

September 30, 2020

Tax-Managed International 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 — 97.1%

Australia — 4.6%
AGL Energy Ltd		0.8	%		297,265	$	2,908
Other Securities ^‡		3.8					14,218

							17,126


Austria — 0.8%
Other Securities (A)		0.8					3,150


Belgium — 1.8%
Colruyt SA		1.1			62,696		4,068
Other Securities		0.7					2,433

							6,501


Canada — 2.2%
TELUS Corp		0.8			166,057		2,913
Other Securities (A)		1.4					5,203

							8,116


Denmark — 2.4%
Other Securities		2.4					8,955


Finland — 1.6%
Other Securities		1.6					5,750


France — 7.9%
Cie Generale des Etablissements Michelin SCA		0.5			17,170		1,831
Engie SA		0.8			210,873		2,820
Orange SA		0.8			300,216		3,125
Sanofi		2.0			73,025		7,302
Other Securities (A)		3.8					13,961

							29,039


Germany — 6.3%
Deutsche Telekom AG		0.9			197,706		3,305
Henkel AG & Co KGaA		0.1			5,568		521
Merck KGaA		1.1			27,890		4,062



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

COMMON STOCK (continued)

Germany (continued)
Muenchener Rueckversicherungs- Gesellschaft AG in Muenchen		0.9	%		13,277	$	3,361
Other Securities		3.3					11,988

							23,237


Hong Kong — 3.4%
CLP Holdings Ltd, Cl B		0.6			246,500		2,298
HK Electric Investments & HK Electric Investments Ltd		0.5			1,751,500		1,809
Kerry Properties Ltd		0.2			265,500		683
Other Securities		2.1					7,641

							12,431


Ireland — 0.6%
Kerry Group PLC, Cl A		0.3			9,695		1,244
Other Securities ^‡		0.3					1,047

							2,291


Israel — 1.4%
Other Securities		1.4					5,162


Italy — 2.3%
Enel SpA		0.5			234,371		2,034
Other Securities		1.8					6,487

							8,521


Japan — 27.1%
Astellas Pharma Inc		0.7			172,200		2,564
DCM Holdings Co Ltd		0.6			171,400		2,359
FUJIFILM Holdings Corp		0.6			47,300		2,331
ITOCHU Corp		0.8			124,300		3,176
Itochu Enex Co Ltd		0.2			68,900		634
Japan Tobacco Inc		0.5			96,800		1,765
KDDI Corp		1.1			154,900		3,903
McDonald’s Holdings Co Japan Ltd		0.5			34,900		1,695
Mizuho Financial Group Inc		1.0			296,680		3,702
Nippon Telegraph & Telephone Corp		1.4			248,100		5,054
NTT DOCOMO Inc		1.0			97,200		3,582
Okinawa Cellular Telephone Co		0.0			3,100		118
Seven & i Holdings Co Ltd		0.5			56,200		1,737
Softbank Corp		0.5			153,700		1,717
Toyota Motor Corp		0.5			30,900		2,037
Other Securities ^‡(A)		17.2					63,303

							99,677


Netherlands — 2.8%
Koninklijke Ahold Delhaize NV		1.5			191,417		5,671
NN Group NV		0.6			60,246		2,262
Other Securities		0.7					2,594

							10,527

SEI Institutional Managed Trust / Annual Report / September 30, 2020

SUMMARY SCHEDULE OF INVESTMENTS

September 30, 2020

Tax-Managed International Managed Volatility Fund (Concluded)



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

COMMON STOCK (continued)

New Zealand — 1.2%
Fisher & Paykel Healthcare Corp Ltd		0.6	%		95,569	$	2,097
Other Securities ^‡		0.6					2,198

							4,295


Norway — 0.9%
Other Securities		0.9					3,200


Portugal — 0.3%
Other Securities		0.3					962


Singapore — 1.8%
DBS Group Holdings Ltd		0.5			131,500		1,931
Other Securities ^‡		1.3					4,748

							6,679


Spain — 3.2%
Cia de Distribucion Integral Logista Holdings		0.2			48,024		824
Ebro Foods SA		0.5			76,672		1,786
Endesa SA		1.2			163,169		4,359
Iberdrola SA		1.0			315,637		3,875
Other Securities		0.3					1,154

							11,998


Sweden — 2.8%
ICA Gruppen AB (A)		0.7			52,745		2,685
Swedish Match AB		0.7			30,638		2,505
Other Securities		1.4					5,023

							10,213


Switzerland — 9.1%
Berner Kantonalbank AG		0.0			473		119
BKW AG		0.6			22,015		2,351
Novartis AG		0.9			39,456		3,429
Roche Holding AG		2.5			26,562		9,121
Swiss Life Holding AG		0.6			5,271		2,000
Swisscom AG		0.6			4,047		2,148
Other Securities		3.9					14,211

							33,379


United Kingdom — 12.0%
BAE Systems PLC		0.6			366,111		2,275
British American Tobacco PLC		0.5			56,327		2,026
GlaxoSmithKline PLC		1.6			317,926		5,959
Imperial Brands PLC		0.8			163,965		2,899
J Sainsbury PLC		0.5			729,517		1,798
Tate & Lyle PLC		0.8			323,945		2,785
Tesco PLC		0.7			898,804		2,469
Wm Morrison Supermarkets PLC		0.9			1,467,501		3,220
Other Securities ^‡		5.6					20,839

							44,270



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

COMMON STOCK (continued)

United States — 0.6%
Other Securities (A)		0.6	%			$	2,374

Total Common Stock (Cost $316,334) ($ Thousands)							357,853


PREFERRED STOCK — 0.7%
Germany — 0.7%
Henkel AG & Co KGaA (B)		0.4			15,857		1,658
Other Securities (B)		0.3					971

Total Preferred Stock (Cost $2,222) ($ Thousands)							2,629


AFFILIATED PARTNERSHIP — 2.3%
SEI Liquidity Fund, L.P. 0.100% **^†(C)		2.3			8,300,062		8,302

Total Affiliated Partnership (Cost $8,303) ($ Thousands)							8,302


CASH EQUIVALENT — 0.7%
SEI Daily Income Trust, Government Fund, Cl F
0.010% **^†		0.7			2,764,377		2,764

Total Cash Equivalent (Cost $2,764) ($ Thousands)							2,764

Total Investments in Securities — 100.8% (Cost $329,623)($ Thousands)						$	371,548

SEI Institutional Managed Trust / Annual Report / September 30, 2020

A list of the open futures contracts held by the Fund at September 30, 2020, is as follows:



Type of Contract	Number of Contracts Long		Expiration Date		Notional Amount (Thousands)		Value (Thousands)		Unrealized Depreciation (Thousands)
Euro STOXX 50		20		Dec-2020	$	767	$	749	$	(14)
FTSE 100 Index		5		Dec-2020		376		378		(2)
Hang Seng Index		1		Nov-2020		151		151		–
SPI 200 Index		3		Dec-2020		319		312		(5)
TOPIX Index		3		Dec-2020		464		462		(2)

					$	2,077	$	2,052	$	(23)

Percentages are based on a Net Assets of $368,505 ($ Thousands).

**	The rate reported is the 7-day effective yield as of September 30, 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 September 30, 2020 (see Note 10). The total market value of securities on loan at September 30, 2020, was $7,433 ($ Thousands).

(B)	There is currently no rate available.

(C)	This security was purchased with cash collateral held from securities on loan (see Note 10). The total market value of such securities as of September 30, 2020 was $8,302 ($ Thousands).

Cl — Class

FTSE — Financial Times and Stock Exchange

L.P. — Limited Partnership

PLC — Public Limited Company

SPI — Share Price Index

TOPIX — Tokyo Price Index

on the SEC’s website at http://www.sec.gov.

The following is a list of the level of inputs used as of September 30, 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		357,853			—		—		357,853
Preferred Stock		2,629			—		—		2,629
Affiliated Partnership		—			8,302		—		8,302
Cash Equivalent		2,764			—		—		2,764

Total Investments in Securities		363,246			8,302		—		371,548



Other Financial Instruments	Level 1 ($)			Level 2 ($)		Level 3 ($)		Total ($)
Futures Contracts*
Unrealized Depreciation		(23	)		–		–		(23	)

Total Other Financial Instruments		(23)			–		–		(23)

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

For the year ended September 30, 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 year ended September 30, 2020 ($ Thousands):



Security Description	Value 9/30/2019	Purchases at Cost	Proceeds from Sales	Realized Gain/ (Loss)	Change in Unrealized Appreciation/ (Depreciation)	Value 9/30/2020	Shares	Income	Capital Gains
SEI Liquidity Fund, L.P.	$ —	$35,898	$(27,594)	$(1)	$(1)	$8,302	8,300,062	$23	$ —
SEI Daily Income Trust, Government Fund, Cl F	9,481	65,086	(71,803)	—	—	2,764	2,764,377	56	—

Totals	$9,481	$100,984	$(99,397)	$(1)	$(1)	$11,066		$79	$ —

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 / Annual Report / September 30, 2020

SUMMARY SCHEDULE OF INVESTMENTS

September 30, 2020

Real Estate Fund

LOGO

^†Percentages are based on total investments.



Description	Percentage of Net Assets (%)			Shares		Market Value ($ Thousands)
COMMON STOCK — 98.1%

Real Estate — 98.1%
American Assets Trust Inc ^‡		0.7	%		27,800	$	670
American Campus Communities Inc ^‡		0.4			11,460		400
American Homes 4 Rent, Cl A ^‡		1.0			32,980		939
American Tower Corp, Cl A ^‡		4.6			17,390		4,204
Americold Realty Trust ^‡		0.7			17,240		616
Apple Hospitality Inc ^‡		1.0			92,363		888
AvalonBay Communities Inc ^‡		3.3			20,029		2,991
Brixmor Property Group Inc ^‡		1.2			90,822		1,062
Columbia Property Trust Inc ^‡		0.6			53,114		579
Cousins Properties Inc ^‡		1.8			58,580		1,675
CubeSmart ^‡		3.2			90,680		2,930
CyrusOne Inc ^‡		0.7			9,410		659
DiamondRock Hospitality Co ^‡		0.3			45,821		232
Digital Realty Trust Inc, Cl A ^‡		4.5			28,210		4,140
Douglas Emmett Inc ^‡		1.1			38,700		971
Duke Realty Corp ^‡		1.9			48,000		1,771
Empire State Realty Trust Inc, Cl A ^‡		0.8			114,391		700
Equinix Inc ^‡		9.7			11,660		8,863
Equity LifeStyle Properties Inc ^‡		0.9			14,150		867
Equity Residential ^‡		3.3			59,000		3,028
Essex Property Trust Inc ^‡		1.0			4,477		899
Extra Space Storage Inc ^‡		1.5			13,293		1,422
First Industrial Realty Trust Inc ^‡		1.3			29,570		1,177
Healthpeak Properties Inc ^‡		4.2			141,090		3,831
Host Hotels & Resorts Inc ^‡		1.4			120,383		1,299
Independence Realty Trust ^‡		0.4			33,420		387
Invitation Homes Inc ^‡		5.2			171,690		4,806
JBG SMITH Properties ^‡		2.0			69,072		1,847
Kilroy Realty Corp ^‡		1.2			21,480		1,116
Life Storage Inc ^‡		2.8			24,034		2,530
Mid-America Apartment Communities Inc ^‡		3.6			28,285		3,280
Outfront Media Inc ^‡		0.5			33,650		490
Prologis Inc ^‡		8.5			77,580		7,806
Regency Centers Corp ^‡		1.3			32,366		1,231
Retail Opportunity Investments Corp ^‡		0.6			55,401		577
Retail Properties of America Inc, Cl A ^‡		1.2			182,665		1,061
Rexford Industrial Realty Inc ^‡		1.0			19,380		887
Ryman Hospitality Properties Inc ^‡		0.5			13,220		486
Sabra Health Care Inc ^‡		0.8			52,646		726



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

COMMON STOCK (continued)
SBA Communications Corp, Cl A ^‡		2.7	%		7,850	$	2,500
Simon Property Group Inc ^‡		2.0			28,310		1,831
SL Green Realty Corp ^‡		0.4			8,750		406
STAG Industrial Inc ^‡		1.0			29,660		904
Sun Communities Inc ^‡		1.6			10,260		1,443
UDR Inc ^‡		2.0			56,900		1,856
Urban Edge Properties ^‡		0.8			74,392		723
Ventas Inc ^‡		2.4			51,760		2,172
VEREIT Inc ^‡		1.6			230,000		1,495
Weingarten Realty Investors ^‡		0.5			26,612		451
Welltower Inc ^‡		2.2			35,870		1,976
Other Securities ^‡		0.2					179


Total Common Stock (Cost $80,082) ($ Thousands)							89,979


CASH EQUIVALENT — 1.3%
SEI Daily Income Trust, Government Fund, Cl F
0.010% **^†		1.3			1,153,321		1,153

Total Cash Equivalent (Cost $1,153) ($ Thousands)							1,153


Total Investments in Securities — 99.4% (Cost $81,235)($ Thousands)						$	91,132

Percentages are based on a Net Assets of $91,685 ($ Thousands).

**	The rate reported is the 7-day effective yield as of September 30, 2020.

^‡	Real Estate Investment Trust.

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

Cl — Class

As of September 30, 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 year ended September 30, 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.

100

SEI Institutional Managed Trust / Annual Report / September 30, 2020

The following is a summary of the Fund’s transactions with affiliates for the year ended September 30, 2020 ($ Thousands):


Security Description	Value 9/30/2019	Purchases at Cost	Proceeds from Sales	Realized Gain/ (Loss)	Change in Unrealized Appreciation/ (Depreciation)	Value 9/30/2020	Shares	Income	Capital Gains
SEI Daily Income Trust, Government Fund, Cl F	$1,838	$ 44,491	$(45,176)	$ -	$ -	$1,153	1,153,321	$22	$ -

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 / Annual Report / September 30, 2020

101

SCHEDULE OF INVESTMENTS

September 30, 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 — 34.8%

Agency Mortgage-Backed Obligations — 30.0%
FHLMC
7.500%, 05/01/2031 to 02/01/2038	$	320	$	363
7.000%, 05/01/2024 to 03/01/2039		118		137
6.500%, 10/01/2031 to 09/01/2039		193		220
6.000%, 07/01/2021 to 09/01/2038		329		376
5.500%, 01/01/2024 to 08/01/2037		229		263
5.000%, 05/01/2033 to 03/01/2050		20,182		22,304
4.500%, 04/01/2035 to 03/01/2050		20,658		22,780
4.000%, 01/01/2035 to 03/01/2050		44,630		49,048
3.500%, 12/01/2033 to 05/01/2050		94,826		102,592
3.000%, 03/01/2031 to 09/01/2050		50,012		52,901
2.500%, 09/01/2031 to 09/01/2050		8,860		9,405
1.291%, 03/15/2031 (A)		1,875		1,635
FHLMC CMO, Ser 1997-1983, Cl Z
6.500%, 12/15/2023		137		146
FHLMC CMO, Ser 2001-2277, Cl B
7.500%, 01/15/2031		49		61
FHLMC CMO, Ser 2002-2399, Cl XG
6.500%, 01/15/2032		297		343
FHLMC CMO, Ser 2006-R007, Cl ZA
6.000%, 05/15/2036		806		963
FHLMC CMO, Ser 2007-3281, Cl AI, IO
6.278%, VAR ICE LIBOR USD 1 Month+6.430%, 02/15/2037		59		14
FHLMC CMO, Ser 2007-3294, Cl CB
5.500%, 03/15/2037		122		143
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
5.878%, VAR ICE LIBOR USD 1 Month+6.030%, 05/15/2038	$	21	$	4
FHLMC CMO, Ser 2010-3621, Cl SB, IO
6.078%, VAR ICE LIBOR USD 1 Month+6.230%, 01/15/2040		41		10
FHLMC CMO, Ser 2011-3947, Cl SG, IO
5.798%, VAR ICE LIBOR USD 1 Month+5.950%, 10/15/2041		512		91
FHLMC CMO, Ser 2012-264, Cl 30
3.000%, 07/15/2042		2,218		2,391
FHLMC CMO, Ser 2012-271, Cl 30
3.000%, 08/15/2042		488		530
FHLMC CMO, Ser 2012-283, Cl IO, IO
3.500%, 10/15/2027		361		24
FHLMC CMO, Ser 2012-4054, Cl SA, IO
5.898%, VAR ICE LIBOR USD 1 Month+6.050%, 08/15/2039		570		122
FHLMC CMO, Ser 2012-4146, Cl DI, IO
3.000%, 12/15/2031		569		37
FHLMC CMO, Ser 2013-4174, Cl SA, IO
6.048%, VAR ICE LIBOR USD 1 Month+6.200%, 05/15/2039		121		6
FHLMC CMO, Ser 2013-4194, Cl BI, IO
3.500%, 04/15/2043		109		11
FHLMC CMO, Ser 2013-4203, Cl PS, IO
6.098%, VAR ICE LIBOR USD 1 Month+6.250%, 09/15/2042		376		58
FHLMC CMO, Ser 2013-4205, Cl PA
1.750%, 05/15/2043		561		579
FHLMC CMO, Ser 2013-4210, Cl Z
3.000%, 05/15/2043		242		243
FHLMC CMO, Ser 2013-4239, Cl IO, IO
3.500%, 06/15/2027		260		16
FHLMC CMO, Ser 2014-328, Cl S4, IO
3.033%, 02/15/2038 (B)		22		1
FHLMC CMO, Ser 2014-4335, Cl SW, IO
5.848%, VAR ICE LIBOR USD 1 Month+6.000%, 05/15/2044		84		17
FHLMC CMO, Ser 2014-4415, Cl IO, IO
2.865%, 04/15/2041 (B)		264		17
FHLMC CMO, Ser 2015-343, Cl F4
0.506%, VAR ICE LIBOR USD 1 Month+0.350%, 10/15/2037		847		846
FHLMC CMO, Ser 2015-4426, Cl QC
1.750%, 07/15/2037		958		991
FHLMC CMO, Ser 2015-4479, Cl HA
3.750%, 05/15/2039		907		943
FHLMC CMO, Ser 2016-353, Cl S1, IO
5.848%, VAR ICE LIBOR USD 1 Month+6.000%, 12/15/2046		512		114
FHLMC CMO, Ser 2016-4639, Cl HZ
3.250%, 04/15/2053		1,703		1,955

102

SEI Institutional Managed Trust / Annual Report / September 30, 2020



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

MORTGAGE-BACKED SECURITIES (continued)
FHLMC CMO, Ser 2017-356, Cl 300
3.000%, 09/15/2047	$	2,457	$	2,611
FHLMC CMO, Ser 2017-4705, Cl A
4.500%, 09/15/2042		678		702
FHLMC CMO, Ser 2017-4742, Cl PA
3.000%, 10/15/2047		3,276		3,462
FHLMC CMO, Ser 2018-4763, Cl CA
3.000%, 09/15/2038		311		337
FHLMC CMO, Ser 2018-4767, Cl KA
3.000%, 03/15/2048		817		888
FHLMC CMO, Ser 2018-4786, Cl DP
4.500%, 07/15/2042		219		220
FHLMC CMO, Ser 2018-4813, Cl CJ
3.000%, 08/15/2048		744		776
FHLMC CMO, Ser 2018-4818, Cl CA
3.000%, 04/15/2048		1,468		1,533
FHLMC CMO, Ser 2018-4846, Cl PA
4.000%, 06/15/2047		387		404
FHLMC CMO, Ser 2018-4846, Cl PF
0.502%, VAR ICE LIBOR USD 1 Month+0.350%, 12/15/2048		240		241
FHLMC CMO, Ser 2019-4880, Cl DA
3.000%, 05/15/2050		1,234		1,330
FHLMC CMO, Ser 2020-4988, Cl AF
0.506%, VAR ICE LIBOR USD 1 Month+0.350%, 10/15/2037		3,141		3,141
FHLMC CMO, Ser 2020-5010, Cl JI, IO
2.500%, 09/25/2050		897		114
FHLMC CMO, Ser 2020-5010, Cl IK, IO
2.500%, 09/25/2050		399		50
FHLMC CMO, Ser 2020-5013, Cl IN, IO
2.500%, 09/25/2050		399		47
FHLMC Multifamily Structured Pass-Through Certificates, Ser 1514, Cl A2
2.859%, 10/25/2034		435		499
FHLMC Multifamily Structured Pass-Through Certificates, Ser 1516, Cl A1
1.238%, 01/25/2035		1,776		1,769
FHLMC Multifamily Structured Pass-Through Certificates, Ser K016, Cl X1, IO
1.638%, 10/25/2021 (B)		241		3
FHLMC Multifamily Structured Pass-Through Certificates, Ser K032, Cl X1, IO
0.205%, 05/25/2023 (B)		32,150		89
FHLMC Multifamily Structured Pass-Through Certificates, Ser K047, Cl A2
3.329%, 05/25/2025 (B)		280		313
FHLMC Multifamily Structured Pass-Through Certificates, Ser K064, Cl X1, IO
0.742%, 03/25/2027 (B)		4,914		172
FHLMC Multifamily Structured Pass-Through Certificates, Ser K091, Cl A2
3.505%, 03/25/2029		310		366



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

MORTGAGE-BACKED SECURITIES (continued)
FHLMC Multifamily Structured Pass-Through Certificates, Ser K094, Cl X1, IO
1.016%, 06/25/2029 (B)	$	1,998	$	134
FHLMC Multifamily Structured Pass-Through Certificates, Ser K094, Cl XAM, IO
1.283%, 06/25/2029 (B)		4,850		446
FHLMC Multifamily Structured Pass-Through Certificates, Ser K095, Cl XAM, IO
1.372%, 06/25/2029 (B)		700		70
FHLMC Multifamily Structured Pass-Through Certificates, Ser K095, Cl X1, IO
1.082%, 06/25/2029 (B)		1,098		79
FHLMC Multifamily Structured Pass-Through Certificates, Ser K099, Cl X1, IO
1.006%, 09/25/2029 (B)		1,088		75
FHLMC Multifamily Structured Pass-Through Certificates, Ser K158, Cl A3
3.900%, 10/25/2033 (B)		2,000		2,517
FHLMC Multifamily Structured Pass-Through Certificates, Ser K723, Cl X1, IO
1.072%, 08/25/2023 (B)		7,422		155
FHLMC Multifamily Structured Pass-Through Certificates, Ser K735, Cl X1, IO
1.102%, 05/25/2026 (B)		1,517		73
FHLMC Multifamily Structured Pass-Through Certificates, Ser K736, Cl X1, IO
1.437%, 07/25/2026 (B)		1,999		127
FHLMC Multifamily Structured Pass-Through Certificates, Ser KC05, Cl X1, IO
1.204%, 06/25/2027 (B)		1,568		92
FHLMC Multifamily Structured Pass-Through Certificates, Ser KLU1, Cl A4
2.854%, 01/25/2031		600		675
FHLMC Multifamily Structured Pass-Through Certificates, Ser Q006, Cl APT2
2.553%, 09/25/2026 (B)		3,724		3,858
FHLMC Multifamily Structured Pass-Through Certificates, Ser S8FX, Cl A2
3.291%, 03/25/2027		320		361
FHLMC Multifamily Structured Pass-Through Certificates, Ser X3FX, Cl A2FX
3.000%, 06/25/2027		580		628
FHLMC Structured Agency Credit Risk Debt Notes, Ser 2014-DN1, Cl M2
2.348%, VAR ICE LIBOR USD 1 Month+2.200%, 02/25/2024		65		65
FHLMC Structured Pass-Through Certificates, Ser 2007-76, Cl 2A
1.771%, 10/25/2037 (B)		102		110
FNMA
7.500%, 10/01/2037 to 04/01/2039		137		171
7.000%, 09/01/2026 to 02/01/2039		496		570
6.500%, 05/01/2027 to 05/01/2040		174		198

SEI Institutional Managed Trust / Annual Report / September 30, 2020

103

SCHEDULE OF INVESTMENTS

September 30, 2020

Core Fixed Income Fund (Continued)



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

MORTGAGE-BACKED SECURITIES (continued)
6.000%, 02/01/2023 to 07/01/2041	$	1,931	$	2,268
5.500%, 02/01/2021 to 09/01/2056		5,962		6,944
5.000%, 07/01/2033 to 03/01/2050		49,796		56,121
4.500%, 04/01/2025 to 01/01/2059		65,319		72,474
4.200%, 01/01/2029		775		915
4.000%, 09/01/2033 to 06/01/2057		84,710		92,755
3.820%, 07/01/2027		115		132
3.790%, 12/01/2025		1,465		1,662
3.500%, 07/01/2029 to 03/01/2057		60,491		64,996
3.490%, 02/01/2033		1,315		1,578
3.450%, 05/01/2034		2,365		2,838
3.290%, 09/01/2032		633		743
3.260%, 10/01/2030		684		788
3.160%, 05/01/2029		187		215
3.120%, 06/01/2035		850		989
3.080%, 04/01/2030		479		545
3.020%, 06/01/2024 to 05/01/2026		1,540		1,617
3.000%, 12/01/2031 to 09/01/2050		65,364		69,197
2.900%, 11/01/2029		500		554
2.820%, 07/01/2027		579		642
2.790%, 08/01/2029		1,200		1,354
2.500%, 06/01/2028 to 06/01/2040		1,381		1,467
2.455%, 04/01/2040		1,920		2,042
2.320%, 02/01/2032		200		217
2.260%, 04/01/2030		694		754
2.240%, 10/01/2031		200		217
2.140%, 04/01/2030		100		108
2.000%, 10/01/2040		12,330		12,756
1.950%, 04/01/2032		100		106
1.850%, 04/01/2032		100		106
0.776%, 11/25/2028		2,810		113
FNMA ACES, Ser 2012-M14, Cl X2, IO
0.510%, 09/25/2022 (B)		8,217		74
FNMA ACES, Ser 2014-M2, Cl A2
3.513%, 12/25/2023 (B)		1,338		1,433
FNMA ACES, Ser 2017-M7, Cl A2
2.961%, 02/25/2027 (B)		335		375
FNMA ACES, Ser 2020-M6 A, Cl A
2.500%, 10/25/2037		97		103
FNMA ARM
3.140%, VAR 12 Month Treas Avg+1.960%, 11/01/2035		109		112
3.046%, VAR 12 Month Treas Avg+1.870%, 10/01/2035		351		360
3.038%, VAR 12 Month Treas Avg+1.866%, 11/01/2035		395		406
2.983%, VAR 12 Month Treas Avg+1.819%, 10/01/2035		67		69
2.767%, VAR ICE LIBOR USD 12 Month+1.580%, 06/01/2045		673		698
2.678%, VAR ICE LIBOR USD 12 Month+1.585%, 01/01/2046		2,391		2,484



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

MORTGAGE-BACKED SECURITIES (continued)
FNMA CMO STRIPS, Ser 2012-409, Cl C22, IO
4.500%, 11/25/2039	$	279	$	42
FNMA CMO STRIPS, Ser 2012-409, Cl C2, IO
3.000%, 04/25/2027		320		17
FNMA CMO STRIPS, Ser 2012-409, Cl C13, IO
3.500%, 11/25/2041		274		24
FNMA CMO, Ser 1999-11, Cl Z
5.500%, 03/25/2029		162		172
FNMA CMO, Ser 2005-117, Cl LC
5.500%, 11/25/2035		306		323
FNMA CMO, Ser 2005-29, Cl ZA
5.500%, 04/25/2035		185		218
FNMA CMO, Ser 2005-360, Cl 2, IO
5.000%, 08/25/2035		913		156
FNMA CMO, Ser 2006-112, Cl ST, IO
6.552%, VAR ICE LIBOR USD 1 Month+6.700%, 11/25/2036		528		46
FNMA CMO, Ser 2008-22, Cl SI, IO
6.282%, VAR ICE LIBOR USD 1 Month+6.430%, 03/25/2037		401		11
FNMA CMO, Ser 2009-103, Cl MB
3.031%, 12/25/2039 (B)		36		38
FNMA CMO, Ser 2009-86, Cl BO, PO
0.000%, 03/25/2037 (A)		858		816
FNMA CMO, Ser 2010-150, Cl SK, IO
6.382%, VAR ICE LIBOR USD 1 Month+6.530%, 01/25/2041		246		64
FNMA CMO, Ser 2011-59, Cl NZ
5.500%, 07/25/2041		1,483		1,677
FNMA CMO, Ser 2011-87, Cl SG, IO
6.402%, VAR ICE LIBOR USD 1 Month+6.550%, 04/25/2040		177		20
FNMA CMO, Ser 2011-96, Cl SA, IO
6.402%, VAR ICE LIBOR USD 1 Month+6.550%, 10/25/2041		830		172
FNMA CMO, Ser 2012-101, Cl BI, IO
4.000%, 09/25/2027		50		3
FNMA CMO, Ser 2012-101, Cl AI, IO
3.000%, 06/25/2027		247		12
FNMA CMO, Ser 2012-118, Cl CI, IO
3.500%, 12/25/2039		220		6
FNMA CMO, Ser 2012-133, Cl CS, IO
6.002%, VAR ICE LIBOR USD 1 Month+6.150%, 12/25/2042		258		48
FNMA CMO, Ser 2012-151, Cl NX
1.500%, 01/25/2043		746		772
FNMA CMO, Ser 2012-28, Cl B
6.500%, 06/25/2039		21		23
FNMA CMO, Ser 2012-35, Cl SC, IO
6.352%, VAR ICE LIBOR USD 1 Month+6.500%, 04/25/2042		147		32
FNMA CMO, Ser 2012-411, Cl A3
3.000%, 08/25/2042		1,428		1,504

104

SEI Institutional Managed Trust / Annual Report / September 30, 2020



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

MORTGAGE-BACKED SECURITIES (continued)
FNMA CMO, Ser 2012-414, Cl A35
3.500%, 10/25/2042	$	2,047	$	2,206
FNMA CMO, Ser 2012-46, Cl BA
6.000%, 05/25/2042		197		232
FNMA CMO, Ser 2012-70, Cl YS, IO
6.502%, VAR ICE LIBOR USD 1 Month+6.650%, 02/25/2041		35		3
FNMA CMO, Ser 2012-74, Cl OA, PO
0.000%, 03/25/2042 (A)		19		18
FNMA CMO, Ser 2012-74, Cl SA, IO
6.502%, VAR ICE LIBOR USD 1 Month+6.650%, 03/25/2042		250		47
FNMA CMO, Ser 2012-75, Cl AO, PO
0.000%, 03/25/2042 (A)		38		37
FNMA CMO, Ser 2013-11, Cl AP
1.500%, 01/25/2043		1,862		1,907
FNMA CMO, Ser 2013-111, Cl PL
2.000%, 12/25/2042		375		386
FNMA CMO, Ser 2013-124, Cl SB, IO
5.802%, VAR ICE LIBOR USD 1 Month+5.950%, 12/25/2043		424		91
FNMA CMO, Ser 2013-126, Cl CS, IO
6.002%, VAR ICE LIBOR USD 1 Month+6.150%, 09/25/2041		316		51
FNMA CMO, Ser 2013-30, Cl CA
1.500%, 04/25/2043		301		308
FNMA CMO, Ser 2013-35, Cl CL
3.000%, 02/25/2043		6,875		7,427
FNMA CMO, Ser 2013-43, Cl BP
1.750%, 05/25/2043		812		846
FNMA CMO, Ser 2013-54, Cl BS, IO
6.002%, VAR ICE LIBOR USD 1 Month+6.150%, 06/25/2043		163		36
FNMA CMO, Ser 2013-73, Cl IB, IO
3.500%, 07/25/2028		76		6
FNMA CMO, Ser 2013-73, Cl IA, IO
3.000%, 09/25/2032		399		29
FNMA CMO, Ser 2013-9, Cl SA, IO
6.002%, VAR ICE LIBOR USD 1 Month+6.150%, 03/25/2042		308		56
FNMA CMO, Ser 2013-9, Cl BC
6.500%, 07/25/2042		229		279
FNMA CMO, Ser 2013-9, Cl CB
5.500%, 04/25/2042		1,731		2,003
FNMA CMO, Ser 2014-47, Cl AI, IO
2.874%, 08/25/2044 (B)		163		11
FNMA CMO, Ser 2014-73, Cl MA
2.500%, 11/25/2044		480		512
FNMA CMO, Ser 2015-55, Cl IO, IO
2.572%, 08/25/2055 (B)		435		21
FNMA CMO, Ser 2015-56, Cl AS, IO
6.002%, VAR ICE LIBOR USD 1 Month+6.150%, 08/25/2045		51		13



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

MORTGAGE-BACKED SECURITIES (continued)
FNMA CMO, Ser 2015-84, Cl PA
1.700%, 08/25/2033	$	2,380	$	2,464
FNMA CMO, Ser 2016-37, Cl MJ
3.500%, 08/25/2043		343		357
FNMA CMO, Ser 2016-48, Cl MA
2.000%, 06/25/2038		2,457		2,572
FNMA CMO, Ser 2016-57, Cl PC
1.750%, 06/25/2046		4,565		4,725
FNMA CMO, Ser 2016-60, Cl QS, IO
5.952%, VAR ICE LIBOR USD 1 Month+6.100%, 09/25/2046		281		57
FNMA CMO, Ser 2017-13, Cl PA
3.000%, 08/25/2046		989		1,048
FNMA CMO, Ser 2017-42, Cl H
3.000%, 11/25/2043		590		611
FNMA CMO, Ser 2017-76, Cl SB, IO
5.952%, VAR ICE LIBOR USD 1 Month+6.100%, 10/25/2057		1,505		342
FNMA CMO, Ser 2017-85, Cl SC, IO
6.052%, VAR ICE LIBOR USD 1 Month+6.200%, 11/25/2047		461		92
FNMA CMO, Ser 2018-14, Cl KC
3.000%, 03/25/2048		1,632		1,767
FNMA CMO, Ser 2018-15, Cl AB
3.000%, 03/25/2048		378		409
FNMA CMO, Ser 2018-43, Cl CT
3.000%, 06/25/2048		2,454		2,569
FNMA CMO, Ser 2018-54, Cl KA
3.500%, 01/25/2047		1,364		1,425
FNMA CMO, Ser 2018-8, Cl KL
2.500%, 03/25/2047		628		658
FNMA CMO, Ser 2019-25, Cl PA
3.000%, 05/25/2048		1,485		1,597
FNMA CMO, Ser 2019-35, Cl A
3.000%, 07/25/2049		738		777
FNMA CMO, Ser 2019-35, Cl MB
3.000%, 07/25/2049		1,023		1,104
FNMA CMO, Ser 2019-79, Cl FA
0.648%, VAR ICE LIBOR USD 1 Month+0.500%, 01/25/2050		2,847		2,869
FNMA CMO, Ser 2020-47, Cl GZ
2.000%, 07/25/2050		400		402
FNMA CMO, Ser 2020-56, Cl DI, IO
2.500%, 08/25/2050		697		94
FNMA TBA
5.000%, 10/01/2038		2,970		3,254
4.500%, 10/15/2042		6,346		6,865
4.000%, 10/10/2168		2,059		2,196
3.500%, 10/16/2027 to 10/15/2042		6,391		6,743
3.000%, 10/15/2042		6,579		6,892
2.500%, 10/15/2027 to 11/01/2043		38,693		40,533
2.000%, 10/14/2169 to 12/16/2169		174,501		180,613

SEI Institutional Managed Trust / Annual Report / September 30, 2020

105

SCHEDULE OF INVESTMENTS

September 30, 2020

Core Fixed Income Fund (Continued)



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

MORTGAGE-BACKED SECURITIES (continued)
1.500%, 10/19/2169 to 12/14/2169	$	44,120	$	44,570
FNMA, Ser 2014-M8, Cl X2, IO
0.396%, 06/25/2024 (B)		5,851		105
FNMA, Ser M10, Cl X2, IO
1.826%, 12/25/2030 (B)		5,817		797
FNMA, Ser M10, Cl X1, IO
1.923%, 12/25/2030 (B)		2,049		294
FNMA, Ser M10, Cl A2
3.482%, 07/25/2028 (B)		6,100		7,093
FNMA, Ser M15, Cl 1A2
3.700%, 01/25/2036		100		120
FNMA, Ser M27, Cl A2
2.700%, 11/25/2040		300		349
FNMA, Ser M36, Cl X1, IO
1.564%, 09/25/2034 (B)		599		66
FNMA, Ser M4, Cl A2
3.610%, 02/25/2031		490		586
FNMA, Ser M5, Cl A2
3.273%, 02/25/2029		930		1,067
FNMA, Ser M8, Cl A2
3.061%, 05/25/2027 (B)		200		226
FREMF Mortgage Trust, Ser 2012-K20, Cl X2A, IO
0.200%, 05/25/2045 (C)		11,270		29
FREMF Mortgage Trust, Ser 2019-KF58, Cl B
2.307%, VAR ICE LIBOR USD 1 Month+2.150%, 01/25/2026 (C)		1,591		1,511
FRESB Mortgage Trust, Ser 2017-SB42, Cl A10F
2.960%, 10/25/2027 (B)		207		218
GNMA
8.000%, 11/15/2029 to 09/15/2030		39		43
7.500%, 03/15/2029 to 10/15/2037		62		73
7.000%, 09/15/2031		23		28
6.500%, 07/15/2028 to 12/15/2035		1,201		1,391
6.000%, 12/15/2028 to 10/20/2040		2,132		2,473
5.000%, 12/20/2039 to 03/20/2049		18,030		19,803
4.956%, 07/20/2060 (B)		22		23
4.700%, 09/20/2061 (B)		687		710
4.500%, 04/20/2041 to 09/20/2049		21,024		22,852
4.193%, 01/20/2069 (B)		47		49
4.000%, 06/20/2047 to 04/20/2050		30,907		33,253
3.802%, 04/20/2063 (B)		203		208
3.500%, 03/20/2046 to 05/15/2050		23,865		25,456
3.000%, 02/20/2034 to 02/20/2050		20,147		21,135
GNMA CMO, Ser 2007-17, Cl IB, IO
6.094%, VAR ICE LIBOR USD 1 Month+6.250%, 04/20/2037		418		83
GNMA CMO, Ser 2007-51, Cl SG, IO
6.424%, VAR ICE LIBOR USD 1 Month+6.580%, 08/20/2037		55		9



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

MORTGAGE-BACKED SECURITIES (continued)
GNMA CMO, Ser 2007-78, Cl SA, IO
6.378%, VAR ICE LIBOR USD 1 Month+6.530%, 12/16/2037	$	495	$	84
GNMA CMO, Ser 2009-66, Cl XS, IO
6.648%, VAR ICE LIBOR USD 1 Month+6.800%, 07/16/2039		426		69
GNMA CMO, Ser 2010-31, Cl GS, IO
6.344%, VAR ICE LIBOR USD 1 Month+6.500%, 03/20/2039		2		–
GNMA CMO, Ser 2010-4, Cl NS, IO
6.238%, VAR ICE LIBOR USD 1 Month+6.390%, 01/16/2040		3,844		806
GNMA CMO, Ser 2010-85, Cl HS, IO
6.494%, VAR ICE LIBOR USD 1 Month+6.650%, 01/20/2040		30		3
GNMA CMO, Ser 2010-H11, Cl FA
1.170%, VAR ICE LIBOR USD 1 Month+1.000%, 06/20/2060		384		390
GNMA CMO, Ser 2010-H27, Cl FA
0.535%, VAR ICE LIBOR USD 1 Month+0.380%, 12/20/2060		1,139		1,137
GNMA CMO, Ser 2010-H28, Cl FE
0.555%, VAR ICE LIBOR USD 1 Month+0.400%, 12/20/2060		444		444
GNMA CMO, Ser 2011-H08, Cl FD
0.655%, VAR ICE LIBOR USD 1 Month+0.500%, 02/20/2061		217		217
GNMA CMO, Ser 2011-H08, Cl FG
0.635%, VAR ICE LIBOR USD 1 Month+0.480%, 03/20/2061		492		492
GNMA CMO, Ser 2011-H09, Cl AF
0.655%, VAR ICE LIBOR USD 1 Month+0.500%, 03/20/2061		363		364
GNMA CMO, Ser 2012-141, Cl WA
4.536%, 11/16/2041 (B)		279		312
GNMA CMO, Ser 2012-34, Cl SA, IO
5.894%, VAR ICE LIBOR USD 1 Month+6.050%, 03/20/2042		409		105
GNMA CMO, Ser 2012-43, Cl SN, IO
6.448%, VAR ICE LIBOR USD 1 Month+6.600%, 04/16/2042		71		20
GNMA CMO, Ser 2012-66, Cl CI, IO
3.500%, 02/20/2038		198		6
GNMA CMO, Ser 2012-98, Cl SA, IO
5.948%, VAR ICE LIBOR USD 1 Month+6.100%, 08/16/2042		194		42
GNMA CMO, Ser 2012-H25, Cl FA
0.855%, VAR ICE LIBOR USD 1 Month+0.700%, 12/20/2061		6		6
GNMA CMO, Ser 2012-H27, Cl AI, IO
1.759%, VAR ICE LIBOR USD 1 Month+0.000%, 10/20/2062		1,123		56

106

SEI Institutional Managed Trust / Annual Report / September 30, 2020



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

MORTGAGE-BACKED SECURITIES (continued)
GNMA CMO, Ser 2013-53, Cl OI, IO
3.500%, 04/20/2043	$	197	$	20
GNMA CMO, Ser 2013-69, Cl AI, IO
3.500%, 05/20/2043		364		49
GNMA CMO, Ser 2014-117, Cl SJ, IO
5.444%, VAR ICE LIBOR USD 1 Month+5.600%, 08/20/2044		114		23
GNMA CMO, Ser 2014-5, Cl SP, IO
5.998%, VAR ICE LIBOR USD 1 Month+6.150%, 06/16/2043		231		29
GNMA CMO, Ser 2014-H10, Cl TA
0.755%, VAR ICE LIBOR USD 1 Month+0.600%, 04/20/2064		528		530
GNMA CMO, Ser 2015-167, Cl OI, IO
4.000%, 04/16/2045		125		18
GNMA CMO, Ser 2015-H10, Cl FC
0.635%, VAR ICE LIBOR USD 1 Month+0.480%, 04/20/2065		350		351
GNMA CMO, Ser 2015-H18, Cl FA
0.605%, VAR ICE LIBOR USD 1 Month+0.450%, 06/20/2065		221		221
GNMA CMO, Ser 2015-H20, Cl FA
0.625%, VAR ICE LIBOR USD 1 Month+0.470%, 08/20/2065		254		254
GNMA CMO, Ser 2016-135, Cl SB, IO
5.948%, VAR ICE LIBOR USD 1 Month+6.100%, 10/16/2046		287		87
GNMA CMO, Ser 2017-167, Cl BQ
2.500%, 08/20/2044		1,133		1,176
GNMA CMO, Ser 2017-H15, Cl KI, IO
2.306%, VAR ICE LIBOR USD 12 Month+0.000%, 07/20/2067		798		93
GNMA CMO, Ser 2017-H18, Cl BI, IO
0.842%, VAR ICE LIBOR USD 12 Month+0.000%, 09/20/2067		5,178		418
GNMA CMO, Ser 2017-H20, Cl IB, IO
1.996%, VAR ICE LIBOR USD 12 Month+0.000%, 10/20/2067		364		36
GNMA CMO, Ser 2017-H22, Cl IC, IO
1.956%, VAR ICE LIBOR USD 12 Month+0.000%, 11/20/2067		161		15
GNMA CMO, Ser 2018-11, Cl PC
2.750%, 12/20/2047		1,763		1,838
GNMA CMO, Ser 2018-H06, Cl PF
0.455%, VAR ICE LIBOR USD 1 Month+0.300%, 02/20/2068		505		504
GNMA CMO, Ser 2018-H07, Cl FD
0.455%, VAR ICE LIBOR USD 1 Month+0.300%, 05/20/2068		894		891
GNMA CMO, Ser 2019-123, Cl A
3.000%, 10/20/2049		359		379
GNMA CMO, Ser 2019-132, Cl NA
3.500%, 09/20/2049		1,367		1,438



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

MORTGAGE-BACKED SECURITIES (continued)
GNMA CMO, Ser 2019-31, Cl JC
3.500%, 03/20/2049	$	823	$	869
GNMA CMO, Ser 2019-90, Cl AB
3.000%, 07/20/2049		774		807
GNMA CMO, Ser 2020-123, Cl NI, IO
2.500%, 08/20/2050		798		110
GNMA CMO, Ser 2020-123, Cl IL, IO
2.500%, 08/20/2050		299		41
GNMA CMO, Ser 2020-47, Cl NI, IO
3.500%, 04/20/2050		293		51
GNMA CMO, Ser 2020-47, Cl MI, IO
3.500%, 04/20/2050		783		131
GNMA CMO, Ser 2020-H09, Cl NF
1.406%, VAR ICE LIBOR USD 1 Month+1.250%, 04/20/2070		379		390
GNMA CMO, Ser 2020-H09, Cl FL
1.306%, VAR ICE LIBOR USD 1 Month+1.150%, 05/20/2070		899		942
GNMA CMO, Ser 2020-H12, Cl F
0.656%, VAR ICE LIBOR USD 1 Month+0.500%, 07/20/2070		100		100
GNMA CMO, Ser 2020-H13, Cl FA
0.606%, VAR ICE LIBOR USD 1 Month+0.450%, 07/20/2070		800		800
GNMA TBA
2.500%, 02/20/2046		31,850		33,449
2.000%, 10/21/2169 to 11/19/2169		54,950		57,030
GNMA, Ser 107, Cl AD
2.695%, 11/16/2047 (B)		523		554
GNMA, Ser 2012-112, Cl IO, IO
0.200%, 02/16/2053 (B)		783		8
GNMA, Ser 2012-152, Cl IO, IO
0.712%, 01/16/2054 (B)		4,601		194
GNMA, Ser 2012-27, Cl IO, IO
0.909%, 04/16/2053 (B)		1,261		30
GNMA, Ser 2013-145, Cl IO, IO
1.145%, 09/16/2044 (B)		53		2
GNMA, Ser 2013-96, Cl IO, IO
0.459%, 10/16/2054 (B)		1,345		23
GNMA, Ser 2014-47, Cl IA, IO
0.128%, 02/16/2048 (B)		130		2
GNMA, Ser 2014-50, Cl IO, IO
0.670%, 09/16/2055 (B)		534		23
GNMA, Ser 2014-92, Cl IX, IO
0.384%, 05/16/2054 (B)		3,951		53
GNMA, Ser 2015-5, Cl IK, IO
0.625%, 11/16/2054 (B)		5,551		172
GNMA, Ser 2019-71, Cl PT
3.000%, 06/20/2049		1,807		1,893
GNMA, Ser 28, Cl AB
3.150%, 06/16/2060		598		630

SEI Institutional Managed Trust / Annual Report / September 30, 2020

107

SCHEDULE OF INVESTMENTS

September 30, 2020

Core Fixed Income Fund (Continued)



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

MORTGAGE-BACKED SECURITIES (continued)
GNMA, Ser 41, Cl IO, IO
0.742%, 07/16/2058 (B)	$	1,651	$	88
NCUA Guaranteed Notes Trust CMO, Ser 2010-R3, Cl 3A
2.400%, 12/08/2020		1		1


				1,297,192


Non-Agency Mortgage-Backed Obligations — 4.8%
Adjustable Rate Mortgage Trust, Ser 2004-2, Cl 3A1
2.424%, 02/25/2035 (B)		434		425
Adjustable Rate Mortgage Trust, Ser 2007-1, Cl 5A31
0.288%, VAR ICE LIBOR USD 1 Month+0.140%, 03/25/2037		1,192		1,122
Alternative Loan Trust, Ser 2006-18CB, Cl A6
28.008%, VAR ICE LIBOR USD 1 Month+28.600%, 07/25/2036		199		338
American Home Mortgage Investment Trust, Ser 2004-4, Cl 4A
2.310%, VAR ICE LIBOR USD 6 Month+2.000%, 02/25/2045		137		137
American Home Mortgage Investment Trust, Ser 2005-1, Cl 6A
2.314%, VAR ICE LIBOR USD 6 Month+2.000%, 06/25/2045		1,321		1,333
American Home Mortgage Investment Trust, Ser 2005-4, Cl 5A
2.060%, VAR ICE LIBOR USD 6 Month+1.750%, 11/25/2045		999		671
American Home Mortgage Investment Trust, Ser 2006-1, Cl 12A1
0.548%, VAR ICE LIBOR USD 1 Month+0.400%, 03/25/2046		3,367		3,044
Angel Oak Mortgage Trust I, Ser 2019-2, Cl A1
3.628%, 03/25/2049 (B)(C)		352		360
Angel Oak Mortgage Trust, Ser 2020-2, Cl A1A
2.531%, 01/26/2065 (B)(C)		1,418		1,442
Angel Oak Mortgage Trust, Ser 2020-5, Cl A1
1.373%, 05/25/2065 (B)(C)		407		408
AOA Mortgage Trust, Ser 2015-1177, Cl A
2.957%, 12/13/2029 (C)		930		928
Aventura Mall Trust, Ser AVM, Cl A
4.249%, 07/05/2040 (B)(C)		420		447
BAMLL Commercial Mortgage Securities Trust, Ser 2018-PARK, Cl A
4.227%, 08/10/2038 (B)(C)		1,790		2,103
BAMLL Re-REMIC Trust, Ser 2016-GG10, Cl AJA
6.016%, 08/10/2045 (B)(C)		1,625		709



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

MORTGAGE-BACKED SECURITIES (continued)
Banc of America Funding Trust, Ser 2004-C, Cl 1A1
4.408%, 12/20/2034 (B)	$	8	$	8
Banc of America Funding Trust, Ser 2006-G, Cl 2A4
0.736%, VAR ICE LIBOR USD 1 Month+0.580%, 07/20/2036		287		288
BBCMS Mortgage Trust, Ser C6, Cl A2
2.690%, 02/15/2053		660		696
BBCMS Trust, Ser 2015-SRCH, Cl A1
3.312%, 08/10/2035 (C)		485		512
BBCMS Trust, Ser CBM, Cl A
1.152%, VAR ICE LIBOR USD 1 Month+1.000%, 07/15/2037 (C)		375		358
BB-UBS Trust, Ser 2012-SHOW, Cl A
3.430%, 11/05/2036 (C)		600		581
BCAP LLC Trust, Ser 2009-RR5, Cl 8A1
5.500%, 11/26/2034 (B)(C)		16		16
BCAP LLC Trust, Ser 2015-RR2, Cl 21A1
0.575%, 03/28/2037 (B)(C)		695		687
Bear Stearns Adjustable Rate Mortgage Trust, Ser 2004-2, Cl 14A
3.676%, 05/25/2034 (B)		8		8
Bear Stearns ALT-A Trust, Ser 2004-6, Cl 1A
0.788%, VAR ICE LIBOR USD 1 Month+0.640%, 07/25/2034		10		10
Bear Stearns ARM Trust, Ser 2003-7, Cl 9A
3.957%, 10/25/2033 (B)		392		381
Bear Stearns Asset Backed Securities I Trust, Ser 2005-AC8, Cl A3, IO
7.502%, VAR ICE LIBOR USD 1 Month+7.650%, 11/25/2035		2,925		970
Bear Stearns Asset-Backed Securities I Trust, Ser 2005-AC6, Cl 1A3
5.500%, 09/25/2035 (B)		896		915
Bear Stearns Commercial Mortgage Securities, Ser 2005-PWR8, Cl X1, IO
0.716%, 06/11/2041 (B)(C)		1		–
Bear Stearns Mortgage Funding Trust, Ser 2007-AR3, Cl 1A1
0.288%, VAR ICE LIBOR USD 1 Month+0.140%, 03/25/2037		3,616		3,240
Benchmark Mortgage Trust, Ser 2018-B1, Cl ASB
3.602%, 01/15/2051 (B)		128		144
BFLD, Ser 2019-DPLO, Cl A
1.242%, VAR ICE LIBOR USD 1 Month+1.090%, 10/15/2034 (C)		845		819
Bunker Hill Loan Depositary Trust, Ser 2019- 1, Cl A1
3.613%, 10/26/2048 (C)		475		492

108

SEI Institutional Managed Trust / Annual Report / September 30, 2020



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

MORTGAGE-BACKED SECURITIES (continued)
Bunker Hill Loan Depositary Trust, Ser 2019- 2, Cl A1
2.879%, 07/25/2049 (C)	$	827	$	849
Bunker Hill Loan Depositary Trust, Ser 2019-3, Cl A1
2.724%, 11/25/2059 (C)		966		988
BWAY Mortgage Trust, Ser 2015-1740, Cl A
2.917%, 01/10/2035 (C)		1,320		1,342
BX Commercial Mortgage Trust, Ser 2019- XL, Cl A
1.072%, VAR ICE LIBOR USD 1 Month+0.920%, 10/15/2036 (C)		987		987
BX Commercial Mortgage Trust, Ser 2019- XL, Cl F
2.152%, VAR ICE LIBOR USD 1 Month+2.000%, 10/15/2036 (C)		2,573		2,540
BX Commercial Mortgage Trust, Ser IND, Cl H
3.152%, VAR ICE LIBOR USD 1 Month+3.000%, 11/15/2035 (C)		4,102		4,000
BX Trust, Ser 2019-OC11, Cl A
3.202%, 12/09/2041 (C)		610		646
Cali Mortgage Trust, Ser 2019-101C, Cl A
3.957%, 03/10/2029		1,280		1,499
CAMB Commercial Mortgage Trust, Ser 2019- LIFE, Cl A
1.222%, VAR ICE LIBOR USD 1 Month+1.070%, 12/15/2037 (C)		940		941
CD Commercial Mortgage Trust, Ser 2007- CD4, Cl XC, IO
1.380%, 12/11/2049 (B)(C)		7		–
CD Commercial Mortgage Trust, Ser 2017- CD3, Cl A4
3.631%, 02/10/2050		310		351
CD Commercial Mortgage Trust, Ser 2017- CD4, Cl ASB
3.317%, 05/10/2050		474		518
CD Commercial Mortgage Trust, Ser 2017- CD5, Cl XA, IO
1.030%, 08/15/2050 (B)		8,561		371
CD Commercial Mortgage Trust, Ser 2017- CD6, Cl ASB
3.332%, 11/13/2050		1,156		1,277
CD Mortgage Trust, Ser 2006-CD2, Cl X, IO
0.023%, 01/15/2046 (B)(C)		55		–
Century Plaza Towers, Ser 2019-CPT, Cl A
2.865%, 11/13/2039 (C)		1,160		1,264
CFCRE Commercial Mortgage Trust, Ser 2017-C8, Cl ASB
3.367%, 06/15/2050		494		539
CFCRE Commercial Mortgage Trust, Ser 2017-C8, Cl A1
1.965%, 06/15/2050		51		51



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

MORTGAGE-BACKED SECURITIES (continued)
CFCRE Commercial Mortgage Trust, Ser 2017-C8, Cl A4
3.572%, 06/15/2050	$	371	$	413
CFK Trust, Ser MF2, Cl E
3.573%, 03/15/2039 (B)(C)		2,840		2,573
CFK Trust, Ser MF2, Cl F
3.573%, 03/15/2039 (B)(C)		2,960		2,579
Chase Mortgage Finance, Ser 2007-A1, Cl 9A1
3.774%, 02/25/2037 (B)		7		7
Chase Mortgage Finance, Ser 2007-A1, Cl 2A1
3.169%, 02/25/2037 (B)		12		12
Chase Mortgage Finance, Ser 2007-A2, Cl 1A1
3.525%, 06/25/2035 (B)		15		15
CHT Mortgage Trust, Ser 2017-CSMO, Cl A
1.082%, VAR ICE LIBOR USD 1 Month+0.930%, 11/15/2036 (C)		490		473
Citigroup Commercial Mortgage Trust, Ser 2013-375P, Cl A
3.251%, 05/10/2035 (C)		240		250
Citigroup Commercial Mortgage Trust, Ser 2019-GC41, Cl A5
2.869%, 08/10/2056		2,680		2,963
Citigroup Global Markets Mortgage Securities VII, Ser 2003-HYB1, Cl A
2.856%, 09/25/2033 (B)		11		11
Citigroup Mortgage Loan Trust, Ser 2017- RP2, Cl A1
3.250%, 07/25/2067 (B)(C)		2,537		2,593
COLT Funding LLC, Ser 2019-4, Cl A1
2.579%, 11/25/2049 (B)(C)		690		698
COLT Mortgage Loan Trust, Ser 2019-1, Cl A1
3.705%, 03/25/2049 (B)(C)		278		280
COLT Mortgage Loan Trust, Ser 2019-2, Cl A1
3.337%, 05/25/2049 (B)(C)		513		518
COLT Mortgage Loan Trust, Ser 2020-2, Cl A1
1.853%, 03/25/2065 (B)(C)		751		756
COMM Mortgage Trust, Ser 2010-C1, Cl XWB, IO
0.750%, 07/10/2046 (B)(C)		13,060		–
COMM Mortgage Trust, Ser 2012-LC4, Cl A4
3.288%, 12/10/2044		74		75
COMM Mortgage Trust, Ser 2013-CR12, Cl C
5.241%, 10/10/2046 (B)		70		68
COMM Mortgage Trust, Ser 2013-CR12, Cl AM
4.300%, 10/10/2046		130		140
COMM Mortgage Trust, Ser 2013-CR12, Cl B
4.762%, 10/10/2046 (B)		120		121
COMM Mortgage Trust, Ser 2013-CR6, Cl B
3.397%, 03/10/2046 (C)		299		304

SEI Institutional Managed Trust / Annual Report / September 30, 2020

109

SCHEDULE OF INVESTMENTS

September 30, 2020

Core Fixed Income Fund (Continued)



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

MORTGAGE-BACKED SECURITIES (continued)
COMM Mortgage Trust, Ser 2014-UBS2, Cl A5
3.961%, 03/10/2047	$	236	$	258
COMM Mortgage Trust, Ser 2014-UBS2, Cl XA, IO
1.318%, 03/10/2047 (B)		1,819		57
COMM Mortgage Trust, Ser 2014-UBS3, Cl AM
4.012%, 06/10/2047		285		310
COMM Mortgage Trust, Ser 2015-CR26, Cl A4
3.630%, 10/10/2048		350		391
COMM Mortgage Trust, Ser 2015-LC19, Cl XA, IO
1.262%, 02/10/2048 (B)		5,800		234
COMM Mortgage Trust, Ser 2016-GCT, Cl A
2.681%, 08/10/2029 (C)		370		372
COMM Mortgage Trust, Ser 2017-PANW, Cl A
3.244%, 10/10/2029 (C)		410		433
COMM Mortgage Trust, Ser CBM, Cl A2
2.896%, 02/10/2037 (C)		1,230		1,233
COMM Mortgage Trust, Ser CR6, Cl A4
3.101%, 03/10/2046		1,420		1,473
COMM Mortgage Trust, Ser LC21, Cl A4
3.708%, 07/10/2048		311		344
COMM Mortgage Trust, Ser LC23, Cl ASB
3.598%, 10/10/2048		795		849
COMM Mortgage Trust, Ser LC6, Cl AM
3.282%, 01/10/2046		465		485
Commercial Mortgage Pass-Through Certificates, Ser 2012-CR4, Cl AM
3.251%, 10/15/2045		590		593
Commercial Mortgage Pass-Through Certificates, Ser CR14, Cl B
4.768%, 02/10/2047 (B)		850		926
Connecticut Avenue Securities Trust, Ser 2019-R02, Cl 1M2
2.448%, VAR ICE LIBOR USD 1 Month+2.300%, 08/25/2031 (C)		1,557		1,549
Connecticut Avenue Securities Trust, Ser 2019-R07, Cl 1M2
2.248%, VAR ICE LIBOR USD 1 Month+2.100%, 10/25/2039 (C)		2,260		2,247
Core Mortgage Trust, Ser 2019-CORE, Cl A
1.032%, VAR ICE LIBOR USD 1 Month+0.880%, 12/15/2031 (C)		4,255		4,229
Credit Suisse Commercial Mortgage Trust, Ser 2006-C3, Cl AJ
6.636%, 06/15/2038 (B)		34		17
Credit Suisse Commercial Mortgage Trust, Ser 2006-C5, Cl AJ
5.373%, 12/15/2039		244		105
Credit Suisse First Boston Mortgage Securities, Ser 2003-27, Cl 5A3
5.250%, 11/25/2033		10		10



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

MORTGAGE-BACKED SECURITIES (continued)
Credit Suisse First Boston Mortgage Securities, Ser 2003-29, Cl 5A1
7.000%, 12/25/2033	$	31	$	32
Credit Suisse First Boston Mortgage Securities, Ser 2003-AR24, Cl 2A4
3.319%, 10/25/2033 (B)		682		708
Credit Suisse Mortgage Trust, Ser 2019, Cl B
4.764%, 12/15/2021		3,790		3,495
CSAIL Commercial Mortgage Trust, Ser 2015-C3, Cl A3
3.447%, 08/15/2048		555		600
CSAIL Commercial Mortgage Trust, Ser 2015-C3, Cl A2
3.033%, 08/15/2048		259		260
CSAIL Commercial Mortgage Trust, Ser 2015-C4, Cl A4
3.808%, 11/15/2048		345		384
CSAIL Commercial Mortgage Trust, Ser C19, Cl AS
2.971%, 03/15/2053		580		629
CSAIL Commercial Mortgage Trust, Ser C19, Cl C
3.735%, 03/15/2053 (B)		500		493
CSMC Trust, Ser 2017-CHOP, Cl G
5.502%, VAR ICE LIBOR USD 1 Month+5.350%, 07/15/2032 (C)		1,000		661
CSMC Trust, Ser 2017-PFHP, Cl A
1.102%, VAR ICE LIBOR USD 1 Month+0.950%, 12/15/2030 (C)		1,190		1,157
CSMC Trust, Ser 2018-J1, Cl A2
3.500%, 02/25/2048 (B)(C)		5,653		5,870
CSMC Trust, Ser 2020-RPL4, Cl A1
2.000%, 01/25/2060 (C)		1,100		1,135
CSMC, Ser 2014-11R, Cl 9A2
0.315%, VAR ICE LIBOR USD 1 Month+0.140%, 10/27/2036 (C)		2,575		2,202
CSMC, Ser 2014-7R, Cl 8A1
3.171%, 07/27/2037 (B)(C)		162		161
CSMC, Ser 2014-USA, Cl A2
3.953%, 09/15/2037 (C)		2,135		2,176
CSMC, Ser 2014-USA, Cl E
4.373%, 09/15/2037 (C)		290		197
CSMC, Ser 2015-5R, Cl 1A1
2.091%, 09/27/2046 (B)(C)		286		282
DBCCRE Mortgage Trust, Ser 2014-ARCP, Cl A
4.238%, 01/10/2034 (C)		1,175		1,256
DBCCRE Mortgage Trust, Ser 2018-ARCP, Cl C
5.099%, 01/10/2034 (B)(C)		315		331
DBJPM Mortgage Trust, Ser 2017-C6, Cl ASB
3.121%, 06/10/2050		281		304
DBJPM Mortgage Trust, Ser C9, Cl A5
1.926%, 09/15/2053		164		170

110

SEI Institutional Managed Trust / Annual Report / September 30, 2020



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

MORTGAGE-BACKED SECURITIES (continued)
DBUBS Mortgage Trust, Ser 2011-LC2A, Cl A4
4.537%, 07/10/2044 (C)	$	91	$	92
DC Office Trust, Ser 2019-MTC, Cl A
2.965%, 09/15/2045 (C)		1,240		1,366
DSLA Mortgage Loan Trust, Ser 2004-AR2, Cl A2B
0.956%, VAR ICE LIBOR USD 1 Month+0.800%, 11/19/2044		511		464
EverBank Mortgage Loan Trust, Ser 2018-1, Cl A22
3.500%, 02/25/2048 (B)(C)		518		534
FHLMC Structured Agency Credit Risk Debt Notes, Ser 2016-DNA2, Cl M3
4.798%, VAR ICE LIBOR USD 1 Month+4.650%, 10/25/2028		253		263
Flagstar Mortgage Trust, Ser 2018-2, Cl A4
3.500%, 04/25/2048 (B)(C)		2,271		2,305
FNMA Connecticut Avenue Securities, Ser 2014-C03, Cl 1M2
3.148%, VAR ICE LIBOR USD 1 Month+3.000%, 07/25/2024		2,960		2,586
FNMA Connecticut Avenue Securities, Ser 2018-C05, Cl 1M2
2.498%, VAR ICE LIBOR USD 1 Month+2.350%, 01/25/2031		2,205		2,163
FWDSecuritization Trust, Ser 2019-INV1, Cl A1
2.810%, 06/25/2049 (B)(C)		1,076		1,101
GCAT, Ser 2019-NQM1, Cl A1
2.985%, 02/25/2059 (C)		301		306
GS Mortgage Securities II, Ser 2010-C1, Cl A2
4.592%, 08/10/2043 (C)		337		337
GS Mortgage Securities II, Ser 2017-SLP, Cl C
3.924%, 10/10/2032 (C)		1,310		1,277
GS Mortgage Securities II, Ser GC30, Cl B
4.169%, 05/10/2050 (B)		480		504
GS Mortgage Securities Trust, Ser 2006-GG8, Cl X, IO
1.270%, 11/10/2039 (B)(C)		233		–
GS Mortgage Securities Trust, Ser 2006-GG8, Cl AJ
5.622%, 11/10/2039		183		124
GS Mortgage Securities Trust, Ser 2012-GC6, Cl A3
3.482%, 01/10/2045		1,092		1,114
GS Mortgage Securities Trust, Ser 2012-GCJ7, Cl AAB
2.935%, 05/10/2045		7		7
GS Mortgage Securities Trust, Ser 2013-GC16, Cl B
5.161%, 11/10/2046 (B)		270		285
GS Mortgage Securities Trust, Ser 2014-GC18, Cl A4
4.074%, 01/10/2047		977		1,059



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

MORTGAGE-BACKED SECURITIES (continued)
GS Mortgage Securities Trust, Ser 2014-GC18, Cl A3
3.801%, 01/10/2047	$	386	$	410
GS Mortgage Securities Trust, Ser 2014-GC26, Cl B
4.215%, 11/10/2047 (B)		680		690
GS Mortgage Securities Trust, Ser 2015-GC34, Cl A4
3.506%, 10/10/2048		571		631
GS Mortgage Securities Trust, Ser 2018-SRP5
3.281%, 06/09/2021		2,900		2,331
GS Mortgage-Backed Securities Trust, Ser 2018-RPL1, Cl A1A
3.750%, 10/25/2057 (C)		4,237		4,511
GSMPS Mortgage Loan Trust, Ser 1998-1, Cl A
8.000%, 09/19/2027 (B)(C)		14		13
GSR Mortgage Loan Trust, Ser 2003-13, Cl 1A1
2.936%, 10/25/2033 (B)		173		177
GSR Mortgage Loan Trust, Ser 2004-8F, Cl 2A3
6.000%, 09/25/2034		15		16
GSR Mortgage Loan Trust, Ser 2007-1F, Cl 2A4
5.500%, 01/25/2037		5		6
HarborView Mortgage Loan, Ser 2004-3, Cl 1A
3.993%, 05/19/2034 (B)		657		670
Hudson Yards Mortgage Trust, Ser 2019-30HY, Cl A
3.228%, 07/10/2039 (C)		1,225		1,372
Hudson Yards Mortgage Trust, Ser 2019-55HY, Cl A
3.041%, 12/10/2041 (B)(C)		1,240		1,369
Impac Secured Assets Trust, Ser 2006-2, Cl 2A1
0.498%, VAR ICE LIBOR USD 1 Month+0.350%, 08/25/2036		7		7
Impact Funding, Ser 2010-1, Cl A1
5.314%, 01/25/2051 (C)		1,080		1,171
JPMBB Commercial Mortgage Securities Trust, Ser 2013-C17, Cl B
5.055%, 01/15/2047 (B)		130		139
JPMBB Commercial Mortgage Securities Trust, Ser 2014-C22, Cl C
4.706%, 09/15/2047 (B)		120		107
JPMBB Commercial Mortgage Securities Trust, Ser 2014-C23, Cl A4
3.670%, 09/15/2047		541		583
JPMBB Commercial Mortgage Securities Trust, Ser 2015-C28, Cl A3
2.912%, 10/15/2048		1,805		1,920

SEI Institutional Managed Trust / Annual Report / September 30, 2020

111

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September 30, 2020

Core Fixed Income Fund (Continued)



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

MORTGAGE-BACKED SECURITIES (continued)
JPMBB Commercial Mortgage Securities Trust, Ser C29, Cl A4
3.611%, 05/15/2048	$	467	$	516
JPMDB Commercial Mortgage Securities Trust, Ser 2017-C5, Cl A3
3.597%, 03/15/2050		250		269
JPMDB Commercial Mortgage Securities Trust, Ser 2017-C5, Cl ASB
3.492%, 03/15/2050		187		204
JPMDB Commercial Mortgage Securities Trust, Ser 2018-C8, Cl ASB
4.145%, 06/15/2051		575		664
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2006-CB15, Cl X1, IO
0.394%, 06/12/2043 (B)		528		–
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2007-CB19, Cl AJ
6.068%, 02/12/2049 (B)		51		26
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2007-LD12, Cl AJ
6.711%, 02/15/2051 (B)		2		2
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2011-C5, Cl B
5.605%, 08/15/2046 (B)(C)		296		299
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2014-C20, Cl C
4.752%, 07/15/2047 (B)		380		372
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2017-JP6, Cl ASB
3.283%, 07/15/2050		529		578
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2018-BCON, Cl B
3.881%, 01/05/2031 (B)(C)		1,305		1,326
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2018-PHH, Cl A
2.410%, VAR ICE LIBOR USD 1 Month+0.910%, 06/15/2035 (C)		1,129		1,070
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2019-OSB, Cl A
3.397%, 06/05/2039 (C)		1,500		1,697
JPMorgan Mortgage Trust, Ser 2006-A2, Cl 5A3
3.469%, 11/25/2033 (B)		23		23
JPMorgan Mortgage Trust, Ser 2006-A2, Cl 4A1
3.076%, 08/25/2034 (B)		44		45
JPMorgan Mortgage Trust, Ser 2015-5, Cl A9
2.633%, 05/25/2045 (B)(C)		88		90
JPMorgan Mortgage Trust, Ser 2018-4, Cl A1
3.500%, 10/25/2048 (B)(C)		501		515
JPMorgan Mortgage Trust, Ser 2018-5, Cl A1
3.500%, 10/25/2048 (B)(C)		1,479		1,517



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

MORTGAGE-BACKED SECURITIES (continued)
LB-UBS Commercial Mortgage Trust, Ser 2006-C1, Cl XCL, IO
0.386%, 02/15/2041 (B)(C)	$	313	$	–
Lehman XS Trust, Ser 2007-16N, Cl 2A2
0.998%, VAR ICE LIBOR USD 1 Month+0.850%, 09/25/2047		3,990		3,876
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)		1,299		1,011
Merrill Lynch Mortgage Investors Trust, Ser 2003-A4, Cl 2A
3.736%, 07/25/2033 (B)		11		11
Merrill Lynch Mortgage Investors Trust, Ser 2004-A1, Cl 4A
4.000%, 02/25/2034 (B)		39		38
MKT Mortgage Trust, Ser 525M, Cl A
2.694%, 02/12/2040 (C)		1,750		1,877
ML-CFC Commercial Mortgage Trust, Ser 2006-4, Cl XC, IO
0.743%, 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		82
ML-CFC Commercial Mortgage Trust, Ser 2007-9, Cl AJ
6.072%, 09/12/2049 (B)		181		67
Morgan Stanley BAML Trust, Ser 2012-CKSV, Cl A2
3.277%, 10/15/2030 (C)		760		655
Morgan Stanley Bank of America Merrill Lynch Trust, Ser 2012-C6, Cl B
3.930%, 11/15/2045		390		400
Morgan Stanley Bank of America Merrill Lynch Trust, Ser 2013-C9, Cl AS
3.456%, 05/15/2046		80		83
Morgan Stanley Bank of America Merrill Lynch Trust, Ser 2015-C20, Cl A4
3.249%, 02/15/2048		138		149
Morgan Stanley Bank of America Merrill Lynch Trust, Ser 2015-C25, Cl A5
3.635%, 10/15/2048		250		276
Morgan Stanley Capital I Trust, Ser 2006-IQ12, Cl AJ
5.399%, 12/15/2043		57		38
Morgan Stanley Capital I Trust, Ser 2007-HQ11, Cl X, IO
0.365%, 02/12/2044 (B)(C)		40		–

112

SEI Institutional Managed Trust / Annual Report / September 30, 2020



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

MORTGAGE-BACKED SECURITIES (continued)
Morgan Stanley Capital I Trust, Ser 2007-IQ16, Cl AJ
6.467%, 12/12/2049 (B)	$	86	$	51
Morgan Stanley Capital I Trust, Ser 2007-T27, Cl AJ
6.215%, 06/11/2042 (B)		1,397		1,399
Morgan Stanley Capital I Trust, Ser 2011-C1, Cl C
5.675%, 09/15/2047 (B)(C)		905		910
Morgan Stanley Capital I Trust, Ser 2016-BNK2, Cl XA, IO
1.185%, 11/15/2049 (B)		3,351		152
Morgan Stanley Capital I Trust, Ser 2017-ASHF, Cl A
1.002%, VAR ICE LIBOR USD 1 Month+0.850%, 11/15/2034 (C)		38		36
Morgan Stanley Capital I Trust, Ser 2019-BPR, Cl A
1.552%, VAR ICE LIBOR USD 1 Month+1.400%, 05/15/2036 (C)		1,720		1,645
MSCG Trust, Ser 2015-ALDR, Cl A2
3.577%, 06/07/2035 (B)(C)		490		482
Natixis Commercial Mortgage Securities Trust, Ser 2PAC, Cl A
2.966%, 12/15/2038 (C)		1,260		1,314
New Residential Mortgage Loan Trust, Ser 2017-1A, Cl A1
4.000%, 02/25/2057 (B)(C)		1,012		1,097
New Residential Mortgage Loan Trust, Ser 2019-NQM2, Cl A1
3.600%, 04/25/2049 (B)(C)		392		397
New Residential Mortgage Loan Trust, Ser 2019-NQM4, Cl A1
2.492%, 09/25/2059 (B)(C)		655		666
Nomura Asset Acceptance Alternative Loan Trust, Ser 2007-1, Cl 1A3
5.957%, 03/25/2047		85		88
OBX Trust, Ser 2019-EXP1, Cl 1A3
4.000%, 01/25/2059 (B)(C)		506		525
OBX Trust, Ser 2019-INV1, Cl A8
4.000%, 11/25/2048 (B)(C)		375		376
OBX Trust, Ser 2020-EXP1, Cl 2A1A
0.898%, VAR ICE LIBOR USD 1 Month+0.750%, 02/25/2060 (C)		1,216		1,231
OBX Trust, Ser 2020-EXP3, Cl 2A1A
1.106%, VAR ICE LIBOR USD 1 Month+0.900%, 01/25/2060 (C)		965		965
One Bryant Park Trust, Ser 2019-OBP, Cl A
2.516%, 09/15/2054 (C)		1,570		1,671
Prime Mortgage Trust, Ser 2004-CL1, Cl 1A1
6.000%, 02/25/2034		14		15
Prime Mortgage Trust, Ser 2004-CL1, Cl 1, PO
0.000%, 02/25/2034 (A)		4		4



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

MORTGAGE-BACKED SECURITIES (continued)
Prime Mortgage Trust, Ser 2006-DR1, Cl 2A1
5.500%, 05/25/2035 (C)	$	938	$	778
Radnor RE, Ser 2018-1, Cl M2
2.848%, VAR ICE LIBOR USD 1 Month+2.700%, 03/25/2028 (C)		7,270		6,925
RBSCF Trust, Ser 2013-GSP, Cl A
3.961%, 01/15/2032 (B)(C)		445		464
Residential Asset Securitization Trust, Ser 2004-IP2, Cl 2A1
3.542%, 12/25/2034 (B)		282		276
Residential Mortgage Loan Trust, Ser 2019-3, Cl A1
2.633%, 09/25/2059		1,942		1,979
Rosslyn Portfolio Trust, Ser 2017-R17, Cl A
1.939%, VAR ICE LIBOR USD 1 Month+0.950%, 06/15/2033 (C)		282		277
Seasoned Credit Risk Transfer Trust, Ser 2016-1, Cl M2
3.750%, 09/25/2055 (B)(C)		2,960		2,917
Seasoned Credit Risk Transfer Trust, Ser 2019-1, Cl M
4.750%, 07/25/2058 (B)(C)		2,840		2,789
SFAVE Commercial Mortgage Securities Trust, Ser 2015-5AVE, Cl A1
3.872%, 01/05/2043 (B)(C)		390		410
SFAVE Commercial Mortgage Securities Trust, Ser 2015-5AVE, Cl A2B
4.144%, 01/05/2043 (B)(C)		175		162
SG Residential Mortgage Trust, Ser 2019-3, Cl A1
2.703%, 09/25/2059 (B)(C)		643		650
Silverstone Master Issuer, Ser 2018-1A, Cl 1A
0.661%, VAR ICE LIBOR USD 3 Month+0.390%, 01/21/2070 (C)		179		179
Starwood Mortgage Residential Trust, Ser 2019-INV1, Cl A1
2.610%, 09/27/2049 (B)(C)		718		729
Starwood Mortgage Residential Trust, Ser 2020-1, Cl A1
2.275%, 02/25/2050 (B)(C)		1,270		1,293
Starwood Mortgage Residential Trust, Ser 2020-3, Cl A1
1.486%, 04/25/2065 (B)(C)		821		824
Structured Asset Mortgage Investments II Trust, Ser 2007-AR3, Cl 2A1
0.338%, VAR ICE LIBOR USD 1 Month+0.190%, 09/25/2047		4,565		4,229
Structured Asset Securities Mortgage Pass-Through Certificates, Ser 2003-24A, Cl 3A2
2.874%, 07/25/2033 (B)		49		49

SEI Institutional Managed Trust / Annual Report / September 30, 2020

113

SCHEDULE OF INVESTMENTS

September 30, 2020

Core Fixed Income Fund (Continued)



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

MORTGAGE-BACKED SECURITIES (continued)
Structured Asset Securities Mortgage Pass-Through Certificates, Ser 2003-37A, Cl 2A
2.953%, 12/25/2033 (B)	$	16	$	15
UBS-Barclays Commercial Mortgage Trust, Ser 2012-C4, Cl D
4.620%, 12/10/2045 (B)(C)		670		353
Verus Securitization Trust, Ser 2019-1, Cl A1
3.836%, 02/25/2059 (B)(C)		280		284
Verus Securitization Trust, Ser 2019-2, Cl A1
3.211%, 05/25/2059 (B)(C)		985		1,007
Verus Securitization Trust, Ser 2019-3, Cl A1
2.784%, 07/25/2059 (C)		1,347		1,373
Verus Securitization Trust, Ser 2019-4, Cl A1
2.642%, 11/25/2059 (C)		1,862		1,898
Verus Securitization Trust, Ser 2019-INV1, Cl A1
3.402%, 12/25/2059 (B)(C)		521		534
Verus Securitization Trust, Ser 2019-INV2, Cl A1
2.913%, 07/25/2059 (B)(C)		725		741
Verus Securitization Trust, Ser 2019-INV3, Cl A1
2.692%, 11/25/2059 (B)(C)		877		899
Verus Securitization Trust, Ser 2020-2, Cl A1
2.226%, 05/25/2060 (B)(C)		1,696		1,712
Visio Trust, Ser 2019-1, Cl A1
3.572%, 06/25/2054 (B)(C)		381		389
VNDO Mortgage Trust, Ser 2012-6AVE, Cl C
3.448%, 11/15/2030 (B)(C)		987		1,012
VNO Mortgage Trust, Ser 2012-6AVE, Cl A
2.996%, 11/15/2030 (C)		110		113
WaMu Mortgage Pass-Through Certificates, Ser 2003-AR10, Cl A7
3.610%, 10/25/2033 (B)		34		33
WaMu Mortgage Pass-Through Certificates, Ser 2003-AR7, Cl A7
2.688%, 08/25/2033 (B)		17		17
WaMu Mortgage Pass-Through Certificates, Ser 2003-AR9, Cl 1A6
2.790%, 09/25/2033 (B)		34		34
WaMu Mortgage Pass-Through Certificates, Ser 2003-S4, Cl 2A10
17.055%, VAR ICE LIBOR USD 1 Month+17.463%, 06/25/2033		6		8
WaMu Mortgage Pass-Through Certificates, Ser 2003-S9, Cl A8
5.250%, 10/25/2033		73		75
WaMu Mortgage Pass-Through Certificates, Ser 2004-AR3, Cl A2
3.666%, 06/25/2034 (B)		21		21
WaMu Mortgage Pass-Through Certificates, Ser 2004-RA4, Cl 3A
7.500%, 07/25/2034		72		77



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

MORTGAGE-BACKED SECURITIES (continued)
WaMu Mortgage Pass-Through Certificates, Ser 2005-AR13, Cl A1A3
0.928%, VAR ICE LIBOR USD 1 Month+0.780%, 10/25/2045	$	313	$	311
WaMu Mortgage Pass-Through Certificates, Ser 2005-AR15, Cl A1A1
0.408%, VAR ICE LIBOR USD 1 Month+0.260%, 11/25/2045		5,558		5,363
WaMu Mortgage Pass-Through Certificates, Ser 2007-OA1, Cl A1A
1.719%, VAR 12 Month Treas Avg+0.700%, 02/25/2047		1,500		1,372
Washington Mutual Mortgage Pass-Through Certificates Trust, Ser 2007-OA2, Cl 2A
1.719%, VAR 12 Month Treas Avg+0.700%, 01/25/2047		902		764
Waterfall Commercial Mortgage Trust, Ser 2015-SBC5, Cl A
4.104%, 09/14/2022 (B)(C)		326		321
Wells Fargo Commercial Mortgage Trust, Ser 2012-LC5, Cl C
4.693%, 10/15/2045 (B)		780		797
Wells Fargo Commercial Mortgage Trust, Ser 2013-LC12, Cl B
4.411%, 07/15/2046 (B)		20		19
Wells Fargo Commercial Mortgage Trust, Ser 2014-LC18, Cl A5
3.405%, 12/15/2047		570		622
Wells Fargo Commercial Mortgage Trust, Ser 2016-C36, Cl XA, IO
1.431%, 11/15/2059 (B)		5,430		311
Wells Fargo Mortgage Backed Securities Trust, Ser 2005-AR7, Cl B1
4.175%, 05/25/2035 (B)		2,026		1,670
Wells Fargo Mortgage-Backed Securities Trust, Ser 2015-5R, Cl 2A1
3.257%, 03/26/2035 (B)(C)		71		71
WFRBS Commercial Mortgage Trust, Ser 2012-C7, Cl XA, IO
1.470%, 06/15/2045 (B)(C)		602		9
WFRBS Commercial Mortgage Trust, Ser 2013-C13, Cl XA, IO
1.327%, 05/15/2045 (B)(C)		834		21
WFRBS Commercial Mortgage Trust, Ser 2014-C19, Cl B
4.723%, 03/15/2047 (B)		110		118
WFRBS Commercial Mortgage Trust, Ser 2014-C21, Cl B
4.213%, 08/15/2047 (B)		300		309
WFRBS Commercial Mortgage Trust, Ser C25, Cl ASB
3.369%, 11/15/2047		461		483

114

SEI Institutional Managed Trust / Annual Report / September 30, 2020



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

MORTGAGE-BACKED SECURITIES (continued)
WinWater Mortgage Loan Trust, Ser 2015-5, Cl A5
3.500%, 08/20/2045 (B)(C)	$	478	$	480

				206,612

Total Mortgage-Backed Securities (Cost $1,487,199) ($ Thousands)				1,503,804


CORPORATE OBLIGATIONS — 34.2%

Communication Services — 3.0%
Activision Blizzard
2.500%, 09/15/2050		390		363
1.350%, 09/15/2030		339		331
Alphabet
2.250%, 08/15/2060		452		427
2.050%, 08/15/2050		400		374
1.900%, 08/15/2040		226		217
1.100%, 08/15/2030		240		239
0.800%, 08/15/2027		220		219
0.450%, 08/15/2025		110		110
Altice France
7.375%, 05/01/2026 (C)		230		241
AT&T
6.500%, 09/01/2037		1,335		1,873
5.250%, 03/01/2037		2,420		3,026
5.150%, 03/15/2042		25		31
4.850%, 03/01/2039		750		905
4.800%, 06/15/2044		2,870		3,421
4.750%, 05/15/2046		1,600		1,880
4.500%, 05/15/2035		75		89
4.500%, 03/09/2048		678		778
4.350%, 03/01/2029		240		283
4.350%, 06/15/2045		350		392
4.300%, 02/15/2030		950		1,126
3.850%, 06/01/2060		339		345
3.800%, 02/15/2027		318		359
3.650%, 06/01/2051		159		160
3.650%, 09/15/2059 (C)		469		461
3.550%, 09/15/2055 (C)		931		902
3.500%, 06/01/2041		339		356
3.500%, 09/15/2053 (C)		3,462		3,347
3.300%, 02/01/2052		1,214		1,151
3.100%, 02/01/2043		1,581		1,542
3.000%, 06/30/2022		961		999
2.750%, 06/01/2031		1,017		1,073
2.300%, 06/01/2027		2,517		2,636
2.250%, 02/01/2032		813		813
1.650%, 02/01/2028		2,311		2,315
CCO Holdings
4.500%, 08/15/2030 (C)		50		53
4.500%, 05/01/2032 (C)		1,010		1,054



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

CORPORATE OBLIGATIONS (continued)
Charter Communications Operating
6.834%, 10/23/2055	$	70	$	97
6.484%, 10/23/2045		110		148
6.384%, 10/23/2035		10		14
5.750%, 04/01/2048		777		969
5.375%, 04/01/2038		843		1,032
5.375%, 05/01/2047		141		167
4.908%, 07/23/2025		3,760		4,347
4.800%, 03/01/2050		2,159		2,455
4.464%, 07/23/2022		302		320
4.200%, 03/15/2028		763		866
3.750%, 02/15/2028		85		94
Comcast
7.050%, 03/15/2033		90		137
6.500%, 11/15/2035		480		728
4.700%, 10/15/2048		90		120
4.600%, 10/15/2038		776		992
4.400%, 08/15/2035		1,770		2,246
4.250%, 10/15/2030		560		688
4.200%, 08/15/2034		220		274
4.150%, 10/15/2028		2,845		3,428
4.000%, 03/01/2048		70		85
3.999%, 11/01/2049		199		241
3.969%, 11/01/2047		78		93
3.950%, 10/15/2025		314		360
3.750%, 04/01/2040		823		963
3.700%, 04/15/2024		1,193		1,317
3.600%, 03/01/2024		155		171
3.450%, 02/01/2050		380		429
3.400%, 04/01/2030		1,915		2,210
3.400%, 07/15/2046		60		67
3.300%, 04/01/2027		190		215
3.250%, 11/01/2039		60		67
3.150%, 03/01/2026		390		436
3.100%, 04/01/2025		347		382
2.800%, 01/15/2051		359		363
2.650%, 08/15/2062		371		355
2.450%, 08/15/2052		337		316
1.950%, 01/15/2031		867		891
1.500%, 02/15/2031		2,966		2,938
Comcast Cable Communications Holdings
9.455%, 11/15/2022		180		214
Comcast Cable Holdings
10.125%, 04/15/2022		45		51
Corning
5.450%, 11/15/2079		775		986
Discovery Communications
4.000%, 09/15/2055 (C)		943		957
DISH DBS
7.750%, 07/01/2026		130		143
5.875%, 11/15/2024		580		595

SEI Institutional Managed Trust / Annual Report / September 30, 2020

115

SCHEDULE OF INVESTMENTS

September 30, 2020

Core Fixed Income Fund (Continued)



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

CORPORATE OBLIGATIONS (continued)
Fox
5.476%, 01/25/2039	$	520	$	696
4.709%, 01/25/2029		80		96
3.500%, 04/08/2030		535		605
NBCUniversal Media
5.950%, 04/01/2041		305		456
Sky
3.750%, 09/16/2024 (C)		1,090		1,216
Sprint
7.875%, 09/15/2023		110		126
Sprint Capital
8.750%, 03/15/2032		490		717
Sprint Spectrum
5.152%, 03/20/2028 (C)		2,567		3,023
4.738%, 03/20/2025 (C)		4,110		4,444
3.360%, 09/20/2021 (C)		2,119		2,143
Telefonica Emisiones
5.462%, 02/16/2021		23		23
5.213%, 03/08/2047		150		178
T-Mobile USA
6.000%, 03/01/2023		10		10
6.000%, 04/15/2024		10		10
4.375%, 04/15/2040 (C)		1,730		2,028
3.875%, 04/15/2030 (C)		2,200		2,496
3.750%, 04/15/2027 (C)		1,136		1,275
3.500%, 04/15/2025 (C)		3,916		4,297
3.000%, 02/15/2041 (C)		148		146
2.550%, 02/15/2031 (C)		1,519		1,572
2.050%, 02/15/2028 (C)		1,817		1,860
1.500%, 02/15/2026 (C)		844		851
Verizon Communications
5.500%, 03/16/2047		60		90
5.250%, 03/16/2037		805		1,115
4.862%, 08/21/2046		470		642
4.522%, 09/15/2048		848		1,111
4.500%, 08/10/2033		620		786
4.400%, 11/01/2034		2,941		3,667
4.329%, 09/21/2028		1,106		1,341
4.272%, 01/15/2036		214		264
4.125%, 08/15/2046		320		395
4.016%, 12/03/2029		1,096		1,312
4.000%, 03/22/2050		170		209
3.875%, 02/08/2029		210		248
3.850%, 11/01/2042		610		727
3.500%, 11/01/2024		859		948
3.376%, 02/15/2025		508		566
3.150%, 03/22/2030		360		407
3.000%, 03/22/2027		458		510
2.625%, 08/15/2026		1,000		1,093
ViacomCBS
6.875%, 04/30/2036		620		853
5.900%, 10/15/2040		385		473



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

CORPORATE OBLIGATIONS (continued)
5.850%, 09/01/2043	$	222	$	282
4.950%, 05/19/2050		12		14
4.750%, 05/15/2025		1,560		1,792
4.600%, 01/15/2045		61		67
4.375%, 03/15/2043		92		98
4.200%, 05/19/2032		997		1,141
3.875%, 04/01/2024		130		142
3.700%, 08/15/2024		810		887
Vodafone Group
5.250%, 05/30/2048		1,810		2,340
4.875%, 06/19/2049		1,544		1,917
4.375%, 05/30/2028		890		1,054
4.250%, 09/17/2050		1,171		1,358
Walt Disney
6.650%, 11/15/2037		235		355
6.200%, 12/15/2034		65		96
4.700%, 03/23/2050		355		470
4.625%, 03/23/2040		765		972
3.800%, 05/13/2060		241		278
3.600%, 01/13/2051		2,317		2,611
3.500%, 05/13/2040		387		438
2.650%, 01/13/2031		1,240		1,339

				130,534


Consumer Discretionary — 2.6%
Advance Auto Parts
3.900%, 04/15/2030		1,663		1,874
1.750%, 10/01/2027		659		657
Amazon.com
4.950%, 12/05/2044		500		711
4.250%, 08/22/2057		110		150
4.050%, 08/22/2047		380		494
3.875%, 08/22/2037		910		1,133
3.150%, 08/22/2027		680		775
2.800%, 08/22/2024		245		265
2.700%, 06/03/2060		337		349
2.500%, 06/03/2050		921		939
1.500%, 06/03/2030		1,999		2,040
1.200%, 06/03/2027		672		681
0.800%, 06/03/2025		560		567
American Honda Finance MTN
1.000%, 09/10/2025		1,875		1,875
Best Buy
4.450%, 10/01/2028		321		381
BMW US Capital
4.150%, 04/09/2030 (C)		845		1,001
3.800%, 04/06/2023 (C)		2,140		2,306
3.100%, 04/12/2021 (C)		215		218
1.850%, 09/15/2021 (C)		100		101
BorgWarner
2.650%, 07/01/2027		704		743

116

SEI Institutional Managed Trust / Annual Report / September 30, 2020



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

CORPORATE OBLIGATIONS (continued)
Burlington Northern Santa Fe
3.050%, 02/15/2051	$	226	$	249
Cox Communications
4.800%, 02/01/2035 (C)		890		1,119
3.250%, 12/15/2022 (C)		540		569
Daimler Finance North America
3.350%, 05/04/2021 (C)		1,025		1,041
2.700%, 06/14/2024 (C)		595		630
2.125%, 03/10/2025 (C)		670		694
Dollar General
3.250%, 04/15/2023		50		53
Element Fleet Management
3.850%, 06/15/2025 (C)		649		683
Ford Motor
9.000%, 04/22/2025		120		138
5.291%, 12/08/2046		99		93
Ford Motor Credit
5.875%, 08/02/2021		250		255
5.125%, 06/16/2025		200		206
5.085%, 01/07/2021		1,000		1,001
4.271%, 01/09/2027		1,040		1,020
4.250%, 09/20/2022		1,000		1,009
4.125%, 08/17/2027		200		194
3.815%, 11/02/2027		261		249
3.813%, 10/12/2021		190		190
3.810%, 01/09/2024		300		297
3.339%, 03/28/2022		1,730		1,723
3.336%, 03/18/2021		200		200
2.343%, 11/02/2020		2,770		2,767
1.503%, VAR ICE LIBOR USD 3 Month+1.270%, 03/28/2022		1,100		1,051
1.146%, VAR ICE LIBOR USD 3 Month+0.880%, 10/12/2021		1,040		999
1.044%, VAR ICE LIBOR USD 3 Month+0.810%, 04/05/2021		1,625		1,601
General Motors
6.250%, 10/02/2043		260		308
6.125%, 10/01/2025		320		372
5.950%, 04/01/2049		80		94
5.400%, 10/02/2023		190		209
5.400%, 04/01/2048		471		521
5.150%, 04/01/2038		240		255
4.875%, 10/02/2023		1,995		2,171
General Motors Financial
5.200%, 03/20/2023		719		780
4.375%, 09/25/2021		735		758
4.350%, 01/17/2027		110		119
4.250%, 05/15/2023		110		117
4.200%, 11/06/2021		1,435		1,481
4.150%, 06/19/2023		83		88
3.450%, 04/10/2022		415		427
3.200%, 07/06/2021		1,835		1,863



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

CORPORATE OBLIGATIONS (continued)
3.150%, 06/30/2022	$	870	$	894
2.900%, 02/26/2025		803		828
2.750%, 06/20/2025		1,784		1,825
2.700%, 08/20/2027		1,052		1,044
2.450%, 11/06/2020		210		210
1.700%, 08/18/2023		1,046		1,049
Hanesbrands
5.375%, 05/15/2025 (C)		310		327
4.875%, 05/15/2026 (C)		210		224
4.625%, 05/15/2024 (C)		30		31
Harley-Davidson Financial Services
3.350%, 06/08/2025 (C)		649		679
Hilton Domestic Operating
5.750%, 05/01/2028 (C)		150		158
5.375%, 05/01/2025 (C)		460		480
Home Depot
4.250%, 04/01/2046		48		61
3.900%, 12/06/2028		40		47
3.900%, 06/15/2047		60		74
3.750%, 02/15/2024		66		73
3.350%, 04/15/2050		1,359		1,573
3.300%, 04/15/2040		482		548
3.125%, 12/15/2049		900		1,004
2.950%, 06/15/2029		180		203
2.700%, 04/15/2030		2,584		2,876
2.500%, 04/15/2027		347		377
Hyundai Capital America
2.375%, 10/15/2027 (C)		495		495
1.800%, 10/15/2025 (C)		495		492
1.250%, 09/18/2023 (C)		495		494
Kohl’s
5.550%, 07/17/2045		535		492
Las Vegas Sands
3.200%, 08/08/2024		890		900
2.900%, 06/25/2025		70		70
Leland Stanford Junior University
1.289%, 06/01/2027		130		132
Lennar
5.000%, 06/15/2027		20		23
4.750%, 11/29/2027		460		525
4.500%, 04/30/2024		170		182
Levi Strauss
5.000%, 05/01/2025		290		297
Lowe’s
5.125%, 04/15/2050		520		718
5.000%, 04/15/2040		1,184		1,552
4.500%, 04/15/2030		200		248
4.000%, 04/15/2025		343		389
Marriott International
5.750%, 05/01/2025		420		469
4.625%, 06/15/2030		452		484

SEI Institutional Managed Trust / Annual Report / September 30, 2020

117

SCHEDULE OF INVESTMENTS

September 30, 2020

Core Fixed Income Fund (Continued)



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

CORPORATE OBLIGATIONS (continued)
McDonald’s MTN
4.875%, 12/09/2045	$	260	$	337
4.450%, 03/01/2047		240		299
4.450%, 09/01/2048		72		90
4.200%, 04/01/2050		530		645
3.800%, 04/01/2028		665		776
3.700%, 01/30/2026		804		916
3.625%, 09/01/2049		180		202
3.600%, 07/01/2030		290		338
3.500%, 03/01/2027		510		577
3.500%, 07/01/2027		100		114
3.300%, 07/01/2025		320		356
2.125%, 03/01/2030		90		94
1.450%, 09/01/2025		326		336
MDC Holdings
6.000%, 01/15/2043		150		182
Newell Brands
4.700%, 04/01/2026		110		117
4.350%, 04/01/2023		278		291
NIKE
3.375%, 03/27/2050		1,332		1,556
3.250%, 03/27/2040		280		320
2.850%, 03/27/2030		737		828
2.750%, 03/27/2027		722		803
2.400%, 03/27/2025		728		782
Nissan Motor
4.810%, 09/17/2030 (C)		377		379
4.345%, 09/17/2027 (C)		2,137		2,141
3.522%, 09/17/2025 (C)		1,705		1,720
3.043%, 09/15/2023 (C)		869		881
NVR
3.950%, 09/15/2022		700		740
O’Reilly Automotive
4.200%, 04/01/2030		329		395
1.750%, 03/15/2031		1,027		1,015
QVC
4.850%, 04/01/2024		370		387
Ralph Lauren
2.950%, 06/15/2030		904		944
1.700%, 06/15/2022		549		559
Sands China
5.400%, 08/08/2028		320		356
5.125%, 08/08/2025		380		415
4.600%, 08/08/2023		610		650
3.800%, 01/08/2026 (C)		420		438
Starbucks
4.450%, 08/15/2049		360		435
3.500%, 11/15/2050		1,632		1,738
3.350%, 03/12/2050		278		285
2.250%, 03/12/2030		1,300		1,350
1.300%, 05/07/2022		403		408



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

CORPORATE OBLIGATIONS (continued)
Target
2.250%, 04/15/2025	$	450	$	482
Time Warner Cable
7.300%, 07/01/2038		530		750
6.750%, 06/15/2039		10		14
6.550%, 05/01/2037		356		473
5.875%, 11/15/2040		130		162
5.500%, 09/01/2041		1,599		1,937
Time Warner Entertainment
8.375%, 07/15/2033		270		414
TJX
3.750%, 04/15/2027		2,345		2,688
3.500%, 04/15/2025		300		334
Toll Brothers Finance
4.375%, 04/15/2023		120		125
Toyota Motor Credit MTN
2.900%, 03/30/2023		2,185		2,317
1.150%, 08/13/2027		646		645
0.500%, 08/14/2023		1,270		1,273
VOC Escrow
5.000%, 02/15/2028 (C)		380		336
Volkswagen Group of America Finance
2.900%, 05/13/2022 (C)		1,455		1,504
2.700%, 09/26/2022 (C)		805		835
Wynn Macau
5.125%, 12/15/2029 (C)		200		192
Yale University
1.482%, 04/15/2030		484		490
0.873%, 04/15/2025		565		569

				108,136


Consumer Staples — 2.6%
Alimentation Couche-Tard
3.800%, 01/25/2050 (C)		585		643
3.550%, 07/26/2027 (C)		650		728
Altria Group
6.200%, 02/14/2059		190		260
5.950%, 02/14/2049		490		656
5.800%, 02/14/2039		1,190		1,523
4.800%, 02/14/2029		1,020		1,210
4.750%, 05/05/2021		200		205
4.450%, 05/06/2050		526		585
4.400%, 02/14/2026		2,435		2,813
3.875%, 09/16/2046		517		531
3.800%, 02/14/2024		290		317
3.490%, 02/14/2022		260		270
3.400%, 05/06/2030		417		455
2.850%, 08/09/2022		190		198
2.350%, 05/06/2025		268		283
Anheuser-Busch
4.900%, 02/01/2046		5,701		7,030
4.700%, 02/01/2036		1,090		1,317

118

SEI Institutional Managed Trust / Annual Report / September 30, 2020



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

CORPORATE OBLIGATIONS (continued)
3.650%, 02/01/2026	$	1,135	$	1,272
Anheuser-Busch InBev Worldwide
5.550%, 01/23/2049		705		948
5.450%, 01/23/2039		1,035		1,340
4.750%, 01/23/2029		200		244
4.600%, 04/15/2048		1,248		1,488
4.500%, 06/01/2050		1,040		1,246
4.350%, 06/01/2040		560		655
4.150%, 01/23/2025		927		1,049
4.000%, 04/13/2028		180		209
3.750%, 07/15/2042		230		245
3.500%, 06/01/2030		250		284
Bacardi
5.300%, 05/15/2048 (C)		418		524
5.150%, 05/15/2038 (C)		275		335
4.700%, 05/15/2028 (C)		1,598		1,857
BAT Capital
5.282%, 04/02/2050		1,260		1,481
4.906%, 04/02/2030		345		407
4.700%, 04/02/2027		677		777
4.540%, 08/15/2047		3,053		3,269
4.390%, 08/15/2037		61		66
3.984%, 09/25/2050		761		750
3.734%, 09/25/2040		10		10
3.557%, 08/15/2027		2,333		2,520
3.222%, 08/15/2024		167		179
3.215%, 09/06/2026		1,300		1,398
2.764%, 08/15/2022		164		170
2.726%, 03/25/2031		1,239		1,235
2.259%, 03/25/2028		885		889
BAT International Finance
1.668%, 03/25/2026		1,769		1,775
Bunge Finance
3.750%, 09/25/2027		525		570
3.250%, 08/15/2026		164		177
1.630%, 08/17/2025		841		845
Cargill
1.375%, 07/23/2023 (C)		440		450
Coca-Cola
3.375%, 03/25/2027		380		436
2.950%, 03/25/2025		210		231
2.600%, 06/01/2050		210		211
2.500%, 06/01/2040		20		21
2.500%, 03/15/2051		715		714
1.450%, 06/01/2027		1,315		1,354
Constellation Brands
4.400%, 11/15/2025		463		538
3.700%, 12/06/2026		260		297
3.200%, 02/15/2023		155		164
Consumers Energy
2.500%, 05/01/2060		269		253



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

CORPORATE OBLIGATIONS (continued)
Costco Wholesale
3.000%, 05/18/2027	$	284	$	318
2.750%, 05/18/2024		183		198
1.750%, 04/20/2032		492		505
1.600%, 04/20/2030		3,691		3,753
1.375%, 06/20/2027		780		799
Danone
2.947%, 11/02/2026 (C)		470		521
2.589%, 11/02/2023 (C)		1,370		1,445
2.077%, 11/02/2021 (C)		230		234
Diageo Investment
2.875%, 05/11/2022		370		385
General Mills
2.875%, 04/15/2030		229		251
Hershey
0.900%, 06/01/2025		130		131
Ingredion
3.900%, 06/01/2050		306		344
Keurig Dr Pepper
4.417%, 05/25/2025		280		323
3.800%, 05/01/2050		330		380
Kraft Heinz Foods
7.125%, 08/01/2039 (C)		199		268
6.875%, 01/26/2039		40		54
6.750%, 03/15/2032		10		13
5.500%, 06/01/2050 (C)		280		321
5.200%, 07/15/2045		300		328
5.000%, 06/04/2042		2,910		3,187
4.875%, 10/01/2049 (C)		2,905		3,066
4.625%, 10/01/2039 (C)		10		11
4.375%, 06/01/2046		3,575		3,673
4.250%, 03/01/2031 (C)		110		121
3.950%, 07/15/2025		157		170
3.000%, 06/01/2026		410		421
Kroger
3.950%, 01/15/2050		120		140
Lamb Weston Holdings
4.875%, 05/15/2028 (C)		90		97
4.625%, 11/01/2024 (C)		70		73
Land O’ Lakes
6.000%, 11/15/2022 (C)		1,020		1,078
Mars
3.200%, 04/01/2030 (C)		210		240
2.700%, 04/01/2025 (C)		370		399
2.450%, 07/16/2050 (C)		204		193
1.625%, 07/16/2032 (C)		818		812
Molson Coors Brewing
3.500%, 05/01/2022		100		104
Mondelez International
2.125%, 04/13/2023		160		166
1.875%, 10/15/2032		895		893
1.500%, 05/04/2025		660		678

SEI Institutional Managed Trust / Annual Report / September 30, 2020

119

SCHEDULE OF INVESTMENTS

September 30, 2020

Core Fixed Income Fund (Continued)



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

CORPORATE OBLIGATIONS (continued)
Mondelez International Holdings Netherlands BV
2.125%, 09/19/2022 (C)	$	290	$	299
2.000%, 10/28/2021 (C)		2,420		2,458
Nestle Holdings
3.500%, 09/24/2025 (C)		450		509
3.350%, 09/24/2023 (C)		440		476
PepsiCo
4.250%, 10/22/2044		100		129
4.000%, 03/05/2042		160		201
3.875%, 03/19/2060		120		152
3.625%, 03/19/2050		80		97
3.100%, 07/17/2022		59		62
3.000%, 08/25/2021		31		32
2.875%, 10/15/2049		60		65
2.625%, 03/19/2027		50		55
2.250%, 03/19/2025		50		54
1.625%, 05/01/2030		440		452
0.750%, 05/01/2023		530		535
Pernod Ricard
4.450%, 01/15/2022 (C)		550		577
Philip Morris International
4.500%, 03/20/2042		130		160
2.900%, 11/15/2021		370		380
2.875%, 05/01/2024		1,780		1,910
2.500%, 08/22/2022		590		613
2.500%, 11/02/2022		680		708
2.100%, 05/01/2030		290		298
1.125%, 05/01/2023		865		878
Procter & Gamble
3.600%, 03/25/2050		250		317
3.550%, 03/25/2040		320		390
3.000%, 03/25/2030		2,405		2,790
2.800%, 03/25/2027		80		90
2.450%, 03/25/2025		210		227
Reckitt Benckiser Treasury Services
2.750%, 06/26/2024 (C)		1,860		1,980
Reynolds American
8.125%, 05/01/2040		570		787
5.850%, 08/15/2045		3,140		3,816
Smithfield Foods
3.000%, 10/15/2030 (C)		418		419
Sysco
6.600%, 04/01/2050		167		234
2.400%, 02/15/2030		329		330
Walgreens Boots Alliance
4.800%, 11/18/2044		1,100		1,204
3.450%, 06/01/2026		1,590		1,737
3.300%, 11/18/2021		912		935
Walmart
4.050%, 06/29/2048		8		10
3.950%, 06/28/2038		783		981



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

CORPORATE OBLIGATIONS (continued)
3.700%, 06/26/2028	$	1,381	$	1,633
3.550%, 06/26/2025		140		159
3.400%, 06/26/2023		393		425
3.300%, 04/22/2024		60		65
3.050%, 07/08/2026		613		688

				108,317


Energy — 3.6%
Aker BP
4.000%, 01/15/2031 (C)		456		449
2.875%, 01/15/2026 (C)		886		877
Apache
5.250%, 02/01/2042		50		45
5.100%, 09/01/2040		205		184
4.750%, 04/15/2043		390		347
4.375%, 10/15/2028 (D)		240		220
4.250%, 01/15/2044		890		756
3.250%, 04/15/2022		86		85
BG Energy Capital
4.000%, 10/15/2021 (C)		1,485		1,537
Blue Racer Midstream
6.125%, 11/15/2022 (C)		190		185
BP Capital Markets
3.561%, 11/01/2021		50		52
3.535%, 11/04/2024		100		110
3.506%, 03/17/2025 (D)		520		579
BP Capital Markets America
3.790%, 02/06/2024		100		110
3.633%, 04/06/2030		2,205		2,529
3.543%, 04/06/2027		793		888
3.410%, 02/11/2026		1,110		1,239
3.245%, 05/06/2022		250		261
3.216%, 11/28/2023		420		451
3.194%, 04/06/2025		1,623		1,784
3.119%, 05/04/2026		230		254
3.000%, 02/24/2050		1,190		1,145
2.937%, 04/06/2023		50		53
2.772%, 11/10/2050		776		716
1.749%, 08/10/2030		646		641
Cameron LNG
3.302%, 01/15/2035 (C)		900		1,015
2.902%, 07/15/2031 (C)		180		198
Canadian Natural Resources
6.450%, 06/30/2033		50		61
Cheniere Energy
4.625%, 10/15/2028 (C)		260		267
Chevron
3.191%, 06/24/2023		22		24
2.895%, 03/03/2024		560		601
2.355%, 12/05/2022		15		16
1.995%, 05/11/2027		635		672
1.554%, 05/11/2025		520		539

120

SEI Institutional Managed Trust / Annual Report / September 30, 2020



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

CORPORATE OBLIGATIONS (continued)
Chevron USA
1.018%, 08/12/2027	$	905	$	906
Cimarex Energy
4.375%, 06/01/2024		210		225
4.375%, 03/15/2029		480		497
3.900%, 05/15/2027		970		978
CNOOC Finance
4.375%, 05/02/2028		360		421
CNOOC Nexen Finance
4.250%, 04/30/2024		200		221
3.500%, 05/05/2025 (D)		780		856
Concho Resources
4.300%, 08/15/2028		850		940
3.750%, 10/01/2027		620		670
2.400%, 02/15/2031		404		383
Conoco Funding
7.250%, 10/15/2031		180		269
ConocoPhillips
5.900%, 10/15/2032		10		14
5.900%, 05/15/2038		420		578
4.150%, 11/15/2034		280		311
Continental Resources
4.500%, 04/15/2023		180		172
4.375%, 01/15/2028 (D)		520		450
3.800%, 06/01/2024		270		249
DCP Midstream Operating
6.450%, 11/03/2036 (C)		110		105
Devon Energy
7.875%, 09/30/2031		660		853
5.600%, 07/15/2041		746		755
5.000%, 06/15/2045		1,090		1,035
4.750%, 05/15/2042		37		34
Diamondback Energy
5.375%, 05/31/2025		240		249
3.500%, 12/01/2029		270		262
3.250%, 12/01/2026		656		658
Ecopetrol
6.875%, 04/29/2030		161		193
5.875%, 05/28/2045		1,573		1,715
4.125%, 01/16/2025		203		213
Enbridge
3.125%, 11/15/2029		686		729
2.500%, 01/15/2025		1,499		1,577
Energy Transfer Operating
8.250%, 11/15/2029		1,490		1,864
6.750%, VAR US Treas Yield Curve Rate T Note Const Mat 5 Yr+5.134%(E)		360		277
6.500%, 02/01/2042		45		47
6.250%, 04/15/2049		130		134
5.500%, 06/01/2027		118		130
5.300%, 04/15/2047		1,245		1,156
5.250%, 04/15/2029		1,165		1,251



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

CORPORATE OBLIGATIONS (continued)
5.150%, 03/15/2045	$	414	$	375
5.000%, 05/15/2050		1,550		1,435
4.950%, 06/15/2028		180		191
4.250%, 03/15/2023		367		382
3.750%, 05/15/2030		1,250		1,211
2.900%, 05/15/2025		109		110
Energy Transfer Partners
6.050%, 06/01/2041		148		150
4.500%, 11/01/2023		843		897
Eni
4.000%, 09/12/2023 (C)		1,940		2,101
Enterprise Products Operating
7.550%, 04/15/2038		40		56
5.700%, 02/15/2042		40		51
4.850%, 03/15/2044		30		34
4.800%, 02/01/2049		60		69
4.200%, 01/31/2050		1,530		1,627
4.150%, 10/16/2028		1,605		1,877
3.950%, 01/31/2060		547		540
3.700%, 01/31/2051		566		558
3.125%, 07/31/2029		170		185
2.800%, 01/31/2030		810		862
EOG Resources
4.950%, 04/15/2050		150		184
4.375%, 04/15/2030		120		141
4.150%, 01/15/2026		340		389
3.900%, 04/01/2035		390		437
EQT
7.875%, 02/01/2025		30		33
3.900%, 10/01/2027		395		364
3.000%, 10/01/2022 (D)		430		420
Equinor
3.250%, 11/18/2049		233		247
3.000%, 04/06/2027		1,355		1,493
2.875%, 04/06/2025		2,480		2,696
1.750%, 01/22/2026		398		413
Exxon Mobil
4.327%, 03/19/2050		2,250		2,816
4.227%, 03/19/2040		800		979
4.114%, 03/01/2046		533		633
3.482%, 03/19/2030		1,370		1,580
3.043%, 03/01/2026		660		728
2.992%, 03/19/2025		4,990		5,468
2.397%, 03/06/2022		100		103
1.571%, 04/15/2023		80		82
Gray Oak Pipeline
2.600%, 10/15/2025 (C)		341		342
Halliburton
5.000%, 11/15/2045		80		83
4.850%, 11/15/2035		60		64
3.800%, 11/15/2025		45		49
3.500%, 08/01/2023		3		3

SEI Institutional Managed Trust / Annual Report / September 30, 2020

121

SCHEDULE OF INVESTMENTS

September 30, 2020

Core Fixed Income Fund (Continued)



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

CORPORATE OBLIGATIONS (continued)
Hess
6.000%, 01/15/2040	$	2,330	$	2,574
HollyFrontier
4.500%, 10/01/2030		657		637
2.625%, 10/01/2023		344		344
KazMunayGas National JSC
5.750%, 04/19/2047 (C)		340		403
Kinder Morgan
5.550%, 06/01/2045		300		356
5.300%, 12/01/2034		500		589
5.200%, 03/01/2048		690		809
5.050%, 02/15/2046		170		193
4.300%, 06/01/2025		510		574
4.300%, 03/01/2028		200		228
3.150%, 01/15/2023		193		203
Kinder Morgan Energy Partners
5.500%, 03/01/2044		415		490
5.400%, 09/01/2044		20		23
3.500%, 03/01/2021		190		191
Magellan Midstream Partners
3.250%, 06/01/2030		648		695
Marathon Oil
4.400%, 07/15/2027		622		619
MPLX
5.500%, 02/15/2049		390		438
4.875%, 12/01/2024		320		357
4.800%, 02/15/2029		330		378
4.700%, 04/15/2048		430		436
4.500%, 04/15/2038		520		532
2.650%, 08/15/2030		679		663
1.750%, 03/01/2026		505		503
Noble Energy
5.250%, 11/15/2043		260		345
5.050%, 11/15/2044		29		38
4.950%, 08/15/2047		160		210
3.850%, 01/15/2028		200		227
3.250%, 10/15/2029		50		55
Northwest Pipeline
4.000%, 04/01/2027		219		241
Occidental Petroleum
7.875%, 09/15/2031		610		592
7.500%, 05/01/2031		870		826
6.950%, 07/01/2024		288		279
6.600%, 03/15/2046		360		310
6.450%, 09/15/2036		280		239
5.550%, 03/15/2026		110		100
4.625%, 06/15/2045		280		202
4.500%, 07/15/2044		525		376
4.400%, 04/15/2046		140		99
4.200%, 03/15/2048		170		117
4.100%, 02/15/2047		580		392
3.500%, 06/15/2025		45		37



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

CORPORATE OBLIGATIONS (continued)
3.400%, 04/15/2026	$	270	$	215
3.125%, 02/15/2022		330		312
3.000%, 02/15/2027		300		235
2.900%, 08/15/2024		810		687
2.700%, 08/15/2022		510		477
2.700%, 02/15/2023		129		118
Oleoducto Central
4.000%, 07/14/2027 (C)		247		256
ONEOK
3.400%, 09/01/2029		65		64
Parsley Energy
5.375%, 01/15/2025 (C)		40		40
4.125%, 02/15/2028 (C)		60		56
Pertamina Persero
6.000%, 05/03/2042 (C)		300		363
Petrobras Global Finance BV
7.375%, 01/17/2027		310		367
6.900%, 03/19/2049		1,550		1,732
6.850%, 06/05/2115		820		873
6.250%, 03/17/2024		1,394		1,546
5.750%, 02/01/2029		300		331
5.299%, 01/27/2025		1,278		1,396
Petroleos Mexicanos
7.690%, 01/23/2050 (C)		70		59
6.950%, 01/28/2060 (C)		780		603
6.625%, 06/15/2035		1,797		1,492
6.500%, 03/13/2027		135		126
6.375%, 01/23/2045		990		759
5.950%, 01/28/2031 (C)		620		524
5.625%, 01/23/2046		480		351
5.500%, 06/27/2044		120		89
4.875%, 01/18/2024		32		32
2.460%, 12/15/2025		1,015		1,062
2.378%, 04/15/2025		508		529
Petroleos Mexicanos MTN
6.875%, 08/04/2026		120		115
6.750%, 09/21/2047		2,970		2,305
Pioneer Natural Resources
1.900%, 08/15/2030		847		794
Plains All American Pipeline
4.900%, 02/15/2045		137		125
4.650%, 10/15/2025		1,485		1,594
3.550%, 12/15/2029		640		619
2.850%, 01/31/2023		250		254
Range Resources
5.875%, 07/01/2022		4		4
5.000%, 03/15/2023 (D)		322		306
4.875%, 05/15/2025		120		108
Rockies Express Pipeline
6.875%, 04/15/2040 (C)		830		856
4.950%, 07/15/2029 (C)		2,235		2,171

122

SEI Institutional Managed Trust / Annual Report / September 30, 2020



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

CORPORATE OBLIGATIONS (continued)
Ruby Pipeline
7.750%, 04/01/2022 (C)(D)	$	1,193	$	1,003
Sabine Pass Liquefaction
5.750%, 05/15/2024		1,855		2,101
5.625%, 03/01/2025		1,200		1,372
5.000%, 03/15/2027		1,015		1,145
Schlumberger Finance Canada
2.650%, 11/20/2022 (C)		329		341
1.400%, 09/17/2025		380		383
Schlumberger Holdings
3.900%, 05/17/2028 (C)		475		511
Schlumberger Investment
3.650%, 12/01/2023		61		66
Shell International Finance BV
4.550%, 08/12/2043		280		350
4.375%, 05/11/2045		470		576
4.125%, 05/11/2035		1,566		1,886
3.250%, 04/06/2050		840		894
2.875%, 05/10/2026		900		997
2.750%, 04/06/2030		440		481
Sinopec Group Overseas Development
4.375%, 04/10/2024 (C)		1,240		1,369
Southern Natural Gas
8.000%, 03/01/2032		170		241
Spectra Energy Partners
5.950%, 09/25/2043		30		38
3.500%, 03/15/2025		815		889
Suncor Energy
3.100%, 05/15/2025		672		722
Sunoco Logistics Partners Operations
5.400%, 10/01/2047		643		607
5.350%, 05/15/2045		465		433
5.300%, 04/01/2044		40		37
4.000%, 10/01/2027		600		613
3.900%, 07/15/2026		750		770
Targa Resources Partners
5.500%, 03/01/2030 (C)		130		130
4.875%, 02/01/2031 (C)		230		223
TC PipeLines
3.900%, 05/25/2027		2,400		2,572
Tengizchevroil Finance International
2.625%, 08/15/2025 (C)(D)		582		584
Tennessee Gas Pipeline
8.375%, 06/15/2032		1,140		1,569
2.900%, 03/01/2030 (C)		1,510		1,566
Total Capital International
3.127%, 05/29/2050		495		514
TransCanada PipeLines
4.625%, 03/01/2034		860		1,016
Transcontinental Gas Pipe Line
7.850%, 02/01/2026		60		78
3.950%, 05/15/2050 (C)		536		563



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

CORPORATE OBLIGATIONS (continued)
3.250%, 05/15/2030 (C)	$	335	$	362
Valero Energy
2.150%, 09/15/2027		358		357
1.200%, 03/15/2024		2,134		2,125
Western Midstream Operating
6.250%, 02/01/2050		210		195
5.500%, 08/15/2048		54		45
5.375%, 06/01/2021		25		25
5.300%, 03/01/2048		162		130
5.050%, 02/01/2030 (D)		1,190		1,158
4.650%, 07/01/2026		40		39
4.500%, 03/01/2028		60		56
4.100%, 02/01/2025		390		371
4.000%, 07/01/2022		35		35
2.116%, VAR ICE LIBOR USD 3 Month+1.850%, 01/13/2023		130		121
Williams
7.875%, 09/01/2021		735		783
7.750%, 06/15/2031 (D)		841		1,106
7.500%, 01/15/2031		100		132
5.750%, 06/24/2044		51		60
5.400%, 03/04/2044		84		94
4.500%, 11/15/2023		45		49
3.900%, 01/15/2025		974		1,064
3.750%, 06/15/2027		1,044		1,146
WPX Energy
8.250%, 08/01/2023		50		56
6.000%, 01/15/2022		10		10
5.875%, 06/15/2028		60		63
5.250%, 10/15/2027		70		71

				149,883


Financials — 9.5%
ABN AMRO Bank
4.750%, 07/28/2025 (C)		360		405
Affiliated Managers Group
3.300%, 06/15/2030		1,012		1,082
Ally Financial
5.125%, 09/30/2024		705		786
1.450%, 10/02/2023		1,985		1,983
Ambac Assurance
5.100%(C)(E)		8		12
Ambac LSNI
6.000%, VAR ICE LIBOR USD 3 Month+5.000%, 02/12/2023 (C)		31		31
American Express
3.700%, 08/03/2023		381		414
3.400%, 02/27/2023		414		441
2.500%, 08/01/2022		1,825		1,891
American Express Credit MTN
0.951%, VAR ICE LIBOR USD 3 Month+0.700%, 03/03/2022		1,430		1,439

SEI Institutional Managed Trust / Annual Report / September 30, 2020

123

SCHEDULE OF INVESTMENTS

September 30, 2020

Core Fixed Income Fund (Continued)



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

CORPORATE OBLIGATIONS (continued)
American Financial Group
5.250%, 04/02/2030	$	816	$	988
American International Group
6.250%, 05/01/2036		100		139
6.250%, VAR ICE LIBOR USD 3 Month+2.056%, 03/15/2037		1,220		1,345
4.750%, 04/01/2048		787		964
4.500%, 07/16/2044		423		493
4.200%, 04/01/2028		603		699
4.125%, 02/15/2024		107		119
3.900%, 04/01/2026		850		969
3.875%, 01/15/2035		30		35
3.400%, 06/30/2030		714		791
2.500%, 06/30/2025		260		278
Andrew W Mellon Foundation
0.947%, 08/01/2027		386		386
Aon
6.250%, 09/30/2040		19		28
3.500%, 06/14/2024		65		71
Apollo Management Holdings
5.000%, 03/15/2048 (C)		795		977
4.400%, 05/27/2026 (C)		530		607
Arch Capital Group
3.635%, 06/30/2050		421		453
Ares Capital
3.875%, 01/15/2026		678		691
Asian Development Bank MTN
0.625%, 04/07/2022		1,219		1,226
Athene Global Funding
3.000%, 07/01/2022 (C)		791		817
2.950%, 11/12/2026 (C)		1,980		2,085
Athene Holding
4.125%, 01/12/2028		820		890
Athene Holdings Ltd
6.150%, 04/03/2030		994		1,180
Avolon Holdings Funding
5.125%, 10/01/2023 (C)		120		120
3.950%, 07/01/2024 (C)		715		679
2.875%, 02/15/2025 (C)		975		894
AXA Equitable Holdings
3.900%, 04/20/2023		770		828
Banco Bilbao Vizcaya Argentaria
1.125%, 09/18/2025		800		795
Banco Santander
4.379%, 04/12/2028		200		227
3.848%, 04/12/2023		600		641
3.490%, 05/28/2030		200		218
2.746%, 05/28/2025		2,000		2,098
1.386%, VAR ICE LIBOR USD 3 Month+1.120%, 04/12/2023		400		402



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

CORPORATE OBLIGATIONS (continued)
Bank of America
6.100%, VAR ICE LIBOR USD 3 Month+3.898%(E)	$	30	$	33
3.419%, VAR ICE LIBOR USD 3 Month+1.040%, 12/20/2028		3,175		3,533
3.004%, VAR ICE LIBOR USD 3 Month+0.790%, 12/20/2023		2,545		2,672
2.592%, VAR United States Secured Overnight Financing Rate+2.150%, 04/29/2031		1,396		1,485
Bank of America MTN
5.000%, 01/21/2044		830		1,146
4.450%, 03/03/2026		847		977
4.330%, VAR ICE LIBOR USD 3 Month+1.520%, 03/15/2050		805		1,023
4.271%, VAR ICE LIBOR USD 3 Month+1.310%, 07/23/2029		1,595		1,871
4.250%, 10/22/2026		80		93
4.244%, VAR ICE LIBOR USD 3 Month+1.814%, 04/24/2038		179		218
4.200%, 08/26/2024		1,530		1,704
4.183%, 11/25/2027		897		1,028
4.125%, 01/22/2024		396		439
4.100%, 07/24/2023		340		372
4.083%, VAR ICE LIBOR USD 3 Month+3.150%, 03/20/2051		3,350		4,148
4.000%, 04/01/2024		1,309		1,451
4.000%, 01/22/2025		2,033		2,265
3.974%, VAR ICE LIBOR USD 3 Month+1.210%, 02/07/2030		1,900		2,202
3.864%, VAR ICE LIBOR USD 3 Month+0.940%, 07/23/2024		600		650
3.824%, VAR ICE LIBOR USD 3 Month+1.575%, 01/20/2028		524		592
3.593%, VAR ICE LIBOR USD 3 Month+1.370%, 07/21/2028		1,364		1,532
3.550%, VAR ICE LIBOR USD 3 Month+0.780%, 03/05/2024		860		916
3.500%, 04/19/2026		2,352		2,635
3.300%, 01/11/2023		1,995		2,118
3.194%, VAR ICE LIBOR USD 3 Month+1.180%, 07/23/2030		240		264
3.093%, VAR ICE LIBOR USD 3 Month+1.090%, 10/01/2025		3,347		3,609
2.884%, VAR ICE LIBOR USD 3 Month+1.190%, 10/22/2030		265		286
2.496%, VAR ICE LIBOR USD 3 Month+0.990%, 02/13/2031		890		936
2.456%, VAR ICE LIBOR USD 3 Month+0.870%, 10/22/2025		1,631		1,720
2.015%, VAR ICE LIBOR USD 3 Month+0.640%, 02/13/2026		162		168

124

SEI Institutional Managed Trust / Annual Report / September 30, 2020



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

CORPORATE OBLIGATIONS (continued)
1.898%, VAR United States Secured Overnight Financing Rate+1.530%, 07/23/2031	$	803	$	798
1.319%, VAR United States Secured Overnight Financing Rate+1.150%, 06/19/2026		2,430		2,448
0.981%, VAR United States Secured Overnight Financing Rate+0.910%, 09/25/2025		1,429		1,429
Bank of Montreal MTN
1.850%, 05/01/2025		880		919
Bank of New York Mellon
3.550%, 09/23/2021		34		35
3.400%, 05/15/2024		530		581
Bank of New York Mellon MTN
3.442%, VAR ICE LIBOR USD 3 Month+1.069%, 02/07/2028		840		964
3.250%, 09/11/2024		100		110
1.600%, 04/24/2025		260		270
Bank of Nova Scotia
4.900%, VAR US Treas Yield Curve Rate T Note Const Mat 5 Yr+4.551%(E)		635		657
2.000%, 11/15/2022		970		1,002
1.300%, 06/11/2025		480		489
Barclays
5.088%, VAR ICE LIBOR USD 3 Month+3.054%, 06/20/2030		3,045		3,411
2.645%, VAR US Treas Yield Curve Rate T Note Const Mat 1 Yr+1.900%, 06/24/2031		465		464
Barclays MTN
4.972%, VAR ICE LIBOR USD 3 Month+1.902%, 05/16/2029		520		609
4.338%, VAR ICE LIBOR USD 3 Month+1.356%, 05/16/2024		700		751
Barclays Bank
1.700%, 05/12/2022		1,435		1,460
BBVA USA
3.875%, 04/10/2025		430		461
Berkshire Hathaway
3.750%, 08/15/2021 (D)		450		463
Berkshire Hathaway Finance
4.250%, 01/15/2049		1,395		1,815
4.200%, 08/15/2048		500		642
BGC Partners
3.750%, 10/01/2024		135		136
BNP Paribas
5.198%, VAR ICE LIBOR USD 3 Month+2.567%, 01/10/2030 (C)		700		863
4.705%, VAR ICE LIBOR USD 3 Month+2.235%, 01/10/2025 (C)		1,770		1,960
4.625%, 03/13/2027 (C)		200		227



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

CORPORATE OBLIGATIONS (continued)
4.400%, 08/14/2028 (C)	$	1,447	$	1,697
3.375%, 01/09/2025 (C)		290		314
2.819%, VAR ICE LIBOR USD 3 Month+1.111%, 11/19/2025 (C)		1,895		1,997
2.219%, VAR United States Secured Overnight Financing Rate+2.074%, 06/09/2026 (C)		1,637		1,688
1.904%, VAR United States Secured Overnight Financing Rate+1.609%, 09/30/2028 (C)		583		583
BNP Paribas MTN
4.375%, VAR USD Swap Semi 30/360 5 Yr Curr+1.483%, 03/01/2033 (C)		400		446
3.500%, 03/01/2023 (C)		464		492
BPCE
5.150%, 07/21/2024 (C)		410		459
Brighthouse Financial
4.700%, 06/22/2047		355		342
Brookfield Finance
4.350%, 04/15/2030		829		968
3.900%, 01/25/2028		646		719
Canadian Imperial Bank of Commerce
3.500%, 09/13/2023		1,330		1,445
0.950%, 06/23/2023		480		484
Chubb INA Holdings
3.350%, 05/03/2026		200		227
3.150%, 03/15/2025		74		82
2.875%, 11/03/2022		39		41
2.300%, 11/03/2020		210		210
Citadel
4.875%, 01/15/2027 (C)		660		706
Citibank
0.853%, VAR ICE LIBOR USD 3 Month+0.600%, 05/20/2022		2,405		2,411
Citigroup
8.125%, 07/15/2039		439		764
6.675%, 09/13/2043		70		107
6.625%, 06/15/2032		100		140
6.300%, VAR ICE LIBOR USD 3 Month+3.423%(E)		300		314
5.950%, VAR ICE LIBOR USD 3 Month+3.905%(E)		1,090		1,142
5.950%, VAR ICE LIBOR USD 3 Month+4.068%(E)		360		369
5.500%, 09/13/2025		950		1,126
5.316%, VAR United States Secured Overnight Financing Rate+4.548%, 03/26/2041		685		932
5.300%, 05/06/2044		225		300
4.750%, 05/18/2046		100		125
4.650%, 07/30/2045		903		1,181
4.650%, 07/23/2048		490		646
4.500%, 01/14/2022		380		399

SEI Institutional Managed Trust / Annual Report / September 30, 2020

125

SCHEDULE OF INVESTMENTS

September 30, 2020

Core Fixed Income Fund (Continued)



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

CORPORATE OBLIGATIONS (continued)
4.450%, 09/29/2027	$	1,625	$	1,884
4.412%, VAR United States Secured Overnight Financing Rate+3.914%, 03/31/2031		4,634		5,555
4.400%, 06/10/2025		1,080		1,219
4.300%, 11/20/2026		240		275
4.125%, 07/25/2028		210		242
4.075%, VAR ICE LIBOR USD 3 Month+1.192%, 04/23/2029		81		94
4.050%, 07/30/2022		70		74
3.980%, VAR ICE LIBOR USD 3 Month+1.338%, 03/20/2030		1,860		2,141
3.878%, VAR ICE LIBOR USD 3 Month+1.168%, 01/24/2039		59		69
3.700%, 01/12/2026		485		543
3.500%, 05/15/2023		630		673
3.400%, 05/01/2026		260		289
3.352%, VAR ICE LIBOR USD 3 Month+0.897%, 04/24/2025		990		1,071
3.300%, 04/27/2025		120		132
3.142%, VAR ICE LIBOR USD 3 Month+0.722%, 01/24/2023		935		965
3.106%, VAR United States Secured Overnight Financing Rate+2.750%, 04/08/2026		350		379
2.976%, VAR United States Secured Overnight Financing Rate+1.422%, 11/05/2030		494		534
2.572%, VAR United States Secured Overnight Financing Rate+2.107%, 06/03/2031		2,530		2,652
1.678%, VAR United States Secured Overnight Financing Rate+1.667%, 05/15/2024		500		512
CME Group
3.000%, 03/15/2025		51		56
Cooperatieve Rabobank UA
5.250%, 08/04/2045		310		422
4.625%, 12/01/2023		1,630		1,811
4.375%, 08/04/2025		2,150		2,437
Cooperatieve Rabobank UA MTN
3.875%, 02/08/2022		30		32
Credit Agricole MTN
4.000%, VAR USD Swap Semi 30/360 5 Yr Curr+1.644%, 01/10/2033 (C)		250		274
1.907%, VAR SOFRINDX+1.676%, 06/16/2026 (C)		400		409
Credit Suisse Group
4.207%, VAR ICE LIBOR USD 3 Month+1.240%, 06/12/2024 (C)		1,085		1,171
4.194%, VAR United States Secured Overnight Financing Rate+3.730%, 04/01/2031 (C)		480		554



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

CORPORATE OBLIGATIONS (continued)
2.997%, VAR ICE LIBOR USD 3 Month+1.200%, 12/14/2023 (C)	$	607	$	632
2.593%, VAR United States Secured Overnight Financing Rate+1.560%, 09/11/2025 (C)		760		794
2.193%, VAR United States Secured Overnight Financing Rate+2.044%, 06/05/2026 (C)		2,336		2,406
Credit Suisse Group Funding Guernsey
3.800%, 06/09/2023		547		589
Credit Suisse NY
2.950%, 04/09/2025		520		568
Danske Bank
5.375%, 01/12/2024 (C)		650		731
5.000%, 01/12/2022 (C)		1,839		1,932
3.875%, 09/12/2023 (C)		200		215
3.244%, VAR ICE LIBOR USD 3 Month+1.591%, 12/20/2025 (C)		1,768		1,877
3.001%, VAR ICE LIBOR USD 3 Month+1.249%, 09/20/2022 (C)		1,994		2,032
1.226%, 06/22/2024 (C)		200		202
1.171%, VAR US Treas Yield Curve Rate T Note Const Mat 1 Yr+1.030%, 12/08/2023 (C)		1,316		1,317
Danske Bank MTN
4.375%, 06/12/2028 (C)		200		226
Deutsche Bank NY
2.222%, VAR United States Secured Overnight Financing Rate+2.159%, 09/18/2024		667		672
Farmers Exchange Capital
7.200%, 07/15/2048 (C)		1,021		1,438
7.050%, 07/15/2028 (C)		1,000		1,223
Farmers Exchange Capital II
6.151%, VAR ICE LIBOR USD 3 Month+3.744%, 11/01/2053 (C)		1,650		2,022
Federal Realty Investment Trust
3.950%, 01/15/2024		503		545
Fidelity National Financial
3.400%, 06/15/2030		524		567
Fifth Third Bank
3.950%, 07/28/2025		339		388
2.875%, 10/01/2021		730		747
Ford Motor Credit LLC
5.750%, 02/01/2021		140		141
Goldman Sachs Capital II
4.000%, VAR ICE LIBOR USD 3 Month+0.768%(E)		10		9
Goldman Sachs Group
6.750%, 10/01/2037		568		825
6.250%, 02/01/2041		1,050		1,569
5.750%, 01/24/2022		110		118
5.250%, 07/27/2021		740		770

126

SEI Institutional Managed Trust / Annual Report / September 30, 2020



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

CORPORATE OBLIGATIONS (continued)
5.150%, 05/22/2045	$	820	$	1,081
4.750%, 10/21/2045		730		960
4.250%, 10/21/2025		1,120		1,274
4.223%, VAR ICE LIBOR USD 3 Month+1.301%, 05/01/2029		1,300		1,516
3.850%, 01/26/2027		526		592
3.814%, VAR ICE LIBOR USD 3 Month+1.158%, 04/23/2029		1,330		1,514
3.800%, 03/15/2030		2,745		3,182
3.750%, 02/25/2026		560		630
3.691%, VAR ICE LIBOR USD 3 Month+1.510%, 06/05/2028		980		1,099
3.500%, 04/01/2025		2,807		3,098
3.500%, 11/16/2026		2,186		2,418
3.272%, VAR ICE LIBOR USD 3 Month+1.201%, 09/29/2025		4,326		4,682
3.200%, 02/23/2023		470		498
Goldman Sachs Group MTN
4.800%, 07/08/2044		120		157
4.000%, 03/03/2024		1,226		1,348
3.850%, 07/08/2024		330		363
2.905%, VAR ICE LIBOR USD 3 Month+0.990%, 07/24/2023		880		913
Golub Capital BDC
3.375%, 04/15/2024		1,644		1,643
Guardian Life Global Funding
1.100%, 06/23/2025 (C)		670		676
HSBC Bank
7.650%, 05/01/2025		500		618
4.750%, 01/19/2021 (C)		1,760		1,782
HSBC Bank USA
7.000%, 01/15/2039		275		406
HSBC Holdings
4.950%, 03/31/2030		335		403
4.583%, VAR ICE LIBOR USD 3 Month+1.535%, 06/19/2029		3,345		3,859
4.375%, 11/23/2026		345		381
4.300%, 03/08/2026		1,710		1,928
4.250%, 03/14/2024		510		547
4.250%, 08/18/2025		760		826
4.000%, 03/30/2022		206		216
3.973%, VAR ICE LIBOR USD 3 Month+1.610%, 05/22/2030		1,150		1,284
2.633%, VAR ICE LIBOR USD 3 Month+1.140%, 11/07/2025		415		432
2.099%, VAR United States Secured Overnight Financing Rate+1.929%, 06/04/2026		200		202
2.013%, VAR United States Secured Overnight Financing Rate+1.732%, 09/22/2028		4,877		4,834



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

CORPORATE OBLIGATIONS (continued)
1.645%, VAR United States Secured Overnight Financing Rate+1.538%, 04/18/2026	$	1,800	$	1,793
ILFC E-Capital Trust II
3.230%, VAR N/A+1.800%, 12/21/2065 (C)		400		217
Inter-American Development Bank MTN
0.875%, 04/03/2025		1,251		1,277
Intercontinental Exchange
2.650%, 09/15/2040		237		237
1.850%, 09/15/2032		678		677
Intesa Sanpaolo
3.375%, 01/12/2023 (C)		440		457
3.125%, 07/14/2022 (C)(D)		600		617
Intesa Sanpaolo MTN
5.017%, 06/26/2024 (C)		2,320		2,438
JPMorgan Chase
8.750%, 09/01/2030		970		1,427
4.950%, 06/01/2045		180		244
4.493%, VAR United States Secured Overnight Financing Rate+3.790%, 03/24/2031		1,405		1,715
4.452%, VAR ICE LIBOR USD 3 Month+1.330%, 12/05/2029		300		361
4.260%, VAR ICE LIBOR USD 3 Month+1.580%, 02/22/2048		84		106
4.250%, 10/15/2020		330		330
4.250%, 10/01/2027		720		839
4.203%, VAR ICE LIBOR USD 3 Month+1.260%, 07/23/2029		800		947
4.032%, VAR ICE LIBOR USD 3 Month+1.460%, 07/24/2048		645		785
4.023%, VAR ICE LIBOR USD 3 Month+1.000%, 12/05/2024		2,805		3,078
3.900%, 07/15/2025		680		769
3.897%, VAR ICE LIBOR USD 3 Month+1.220%, 01/23/2049		115		138
3.882%, VAR ICE LIBOR USD 3 Month+1.360%, 07/24/2038		325		383
3.875%, 09/10/2024		1,540		1,708
3.625%, 05/13/2024		230		254
3.625%, 12/01/2027		230		258
3.207%, VAR ICE LIBOR USD 3 Month+0.695%, 04/01/2023		1,033		1,073
3.200%, 01/25/2023		100		106
3.200%, 06/15/2026		1,210		1,343
3.109%, VAR United States Secured Overnight Financing Rate+2.440%, 04/22/2051		900		966
2.956%, VAR United States Secured Overnight Financing Rate+2.515%, 05/13/2031		1,964		2,107
2.950%, 10/01/2026		471		518

SEI Institutional Managed Trust / Annual Report / September 30, 2020

127

SCHEDULE OF INVESTMENTS

September 30, 2020

Core Fixed Income Fund (Continued)



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

CORPORATE OBLIGATIONS (continued)
2.776%, VAR ICE LIBOR USD 3 Month+0.935%, 04/25/2023	$	1,885	$	1,949
2.700%, 05/18/2023		1,180		1,246
2.522%, VAR United States Secured Overnight Financing Rate+2.040%, 04/22/2031		450		479
2.301%, VAR United States Secured Overnight Financing Rate+1.160%, 10/15/2025		1,190		1,252
2.182%, VAR United States Secured Overnight Financing Rate+1.890%, 06/01/2028		971		1,013
2.083%, VAR United States Secured Overnight Financing Rate+1.850%, 04/22/2026		830		868
1.514%, VAR United States Secured Overnight Financing Rate+1.455%, 06/01/2024		4,576		4,670
0.800%, VAR ICE LIBOR USD 3 Month+0.550%, 02/01/2027		1,590		1,482
KKR Group Finance II
5.500%, 02/01/2043 (C)		80		102
KKR Group Finance III
5.125%, 06/01/2044 (C)		535		668
Landwirtschaftliche Rentenbank
0.500%, 05/27/2025		1,941		1,948
Lloyds Banking Group
4.375%, 03/22/2028		925		1,073
4.344%, 01/09/2048		200		235
4.050%, 08/16/2023		1,390		1,504
3.900%, 03/12/2024		800		869
3.870%, VAR US Treas Yield Curve Rate T Note Const Mat 1 Yr+3.500%, 07/09/2025		1,755		1,910
3.100%, 07/06/2021		490		500
2.907%, VAR ICE LIBOR USD 3 Month+0.810%, 11/07/2023		410		426
1.326%, VAR US Treas Yield Curve Rate T Note Const Mat 1 Yr+1.100%, 06/15/2023		675		679
Macquarie Bank
3.624%, 06/03/2030 (C)		425		452
Massachusetts Mutual Life Insurance
3.729%, 10/15/2070 (C)		88		91
MassMutual Global Funding II
2.250%, 07/01/2022 (C)		1,268		1,311
MDGH - GMTN BV MTN
2.875%, 11/07/2029 (C)		329		352
Mercury General
4.400%, 03/15/2027		935		1,013
MetLife
6.400%, 12/15/2036		420		523
5.700%, 06/15/2035		15		22



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

CORPORATE OBLIGATIONS (continued)
MetLife Capital Trust IV
7.875%, 12/15/2037 (C)	$	800	$	1,104
Metropolitan Life Global Funding I
3.450%, 12/18/2026 (C)		1,955		2,235
2.400%, 01/08/2021 (C)		245		246
Mitsubishi UFJ Financial Group
2.998%, 02/22/2022		230		238
0.848%, VAR US Treas Yield Curve Rate T Note Const Mat 1 Yr+0.680%, 09/15/2024		1,025		1,026
Mizuho Financial Group
0.849%, VAR ICE LIBOR USD 3 Month+0.610%, 09/08/2024		823		821
Morgan Stanley MTN
4.431%, VAR ICE LIBOR USD 3 Month+1.628%, 01/23/2030		340		406
4.100%, 05/22/2023		940		1,018
3.971%, VAR ICE LIBOR USD 3 Month+1.455%, 07/22/2038		119		141
3.875%, 04/29/2024		1,685		1,859
3.772%, VAR ICE LIBOR USD 3 Month+1.140%, 01/24/2029		1,080		1,233
3.750%, 02/25/2023		725		778
3.622%, VAR United States Secured Overnight Financing Rate+3.120%, 04/01/2031		2,920		3,355
3.125%, 01/23/2023		1,120		1,184
3.125%, 07/27/2026		190		210
2.750%, 05/19/2022		1		1
2.720%, VAR United States Secured Overnight Financing Rate+1.152%, 07/22/2025		980		1,041
2.699%, VAR United States Secured Overnight Financing Rate+1.143%, 01/22/2031		910		969
2.625%, 11/17/2021		1,066		1,093
2.500%, 04/21/2021		280		283
2.188%, VAR United States Secured Overnight Financing Rate+1.990%, 04/28/2026		1,300		1,361
MUFG Bank
4.100%, 09/09/2023 (C)		200		219
National Australia Bank MTN
2.332%, 08/21/2030 (C)		925		915
National Securities Clearing
1.500%, 04/23/2025 (C)		3,035		3,129
1.200%, 04/23/2023 (C)		410		417
Nationwide Building Society
4.363%, VAR ICE LIBOR USD 3 Month+1.392%, 08/01/2024 (C)		800		867
Nationwide Building Society MTN
3.622%, VAR ICE LIBOR USD 3 Month+1.181%, 04/26/2023 (C)		830		862

128

SEI Institutional Managed Trust / Annual Report / September 30, 2020



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

CORPORATE OBLIGATIONS (continued)
Nationwide Financial Services
3.900%, 11/30/2049 (C)	$	761	$	780
Nationwide Mutual Insurance
4.350%, 04/30/2050 (C)		437		468
2.540%, VAR ICE LIBOR USD 3 Month+2.290%, 12/15/2024 (C)		3,735		3,735
Natwest Group
6.000%, 12/19/2023		860		967
5.125%, 05/28/2024		490		537
4.892%, VAR ICE LIBOR USD 3 Month+1.754%, 05/18/2029		200		233
4.519%, VAR ICE LIBOR USD 3 Month+1.550%, 06/25/2024		830		895
4.445%, VAR ICE LIBOR USD 3 Month+1.871%, 05/08/2030		520		602
4.269%, VAR ICE LIBOR USD 3 Month+1.762%, 03/22/2025		220		239
3.875%, 09/12/2023		720		772
3.754%, VAR US Treas Yield Curve Rate T Note Const Mat 5 Yr+2.100%, 11/01/2029		509		526
3.073%, VAR US Treas Yield Curve Rate T Note Const Mat 1 Yr+2.550%, 05/22/2028		520		546
2.359%, VAR US Treas Yield Curve Rate T Note Const Mat 1 Yr+2.150%, 05/22/2024		287		294
New York Life Global Funding
2.875%, 04/10/2024 (C)		1,045		1,122
0.950%, 06/24/2025 (C)		340		343
New York Life Insurance
6.750%, 11/15/2039 (C)		345		527
Nomura Holdings
3.103%, 01/16/2030		1,527		1,620
2.679%, 07/16/2030		493		509
2.648%, 01/16/2025		1,183		1,246
Nordea Bank Abp
4.875%, 05/13/2021 (C)		250		257
Northwestern Mutual Life Insurance
3.625%, 09/30/2059 (C)		1,212		1,323
Ohio National Financial Services
5.550%, 01/24/2030 (C)		625		589
Park Aerospace Holdings
5.500%, 02/15/2024 (C)		500		504
5.250%, 08/15/2022 (C)		605		607
4.500%, 03/15/2023 (C)		2,070		2,051
Pipeline Funding
7.500%, 01/15/2030 (C)		410		558
Principal Life Global Funding II
1.250%, 06/23/2025 (C)		160		163
Prudential Financial MTN
5.625%, 05/12/2041		10		13



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

CORPORATE OBLIGATIONS (continued)
Raymond James Financial
4.950%, 07/15/2046	$	650	$	841
Royal Bank of Canada MTN
3.200%, 04/30/2021		480		488
2.150%, 10/26/2020		420		421
1.600%, 04/17/2023		760		780
1.150%, 06/10/2025		460		466
Santander Holdings USA
4.500%, 07/17/2025		153		170
4.450%, 12/03/2021		1,325		1,378
4.400%, 07/13/2027		366		403
3.450%, 06/02/2025		2,001		2,140
3.400%, 01/18/2023		232		243
3.244%, 10/05/2026		726		777
Santander UK Group Holdings
4.796%, VAR ICE LIBOR USD 3 Month+1.570%, 11/15/2024		750		827
3.373%, VAR ICE LIBOR USD 3 Month+1.080%, 01/05/2024		760		794
1.532%, VAR US Treas Yield Curve Rate T Note Const Mat 1 Yr+1.250%, 08/21/2026		2,131		2,098
Scentre Group Trust 1
4.375%, 05/28/2030 (C)		635		713
3.625%, 01/28/2026 (C)		1,136		1,212
Societe Generale MTN
3.653%, VAR US Treas Yield Curve Rate T Note Const Mat 5 Yr+3.000%, 07/08/2035 (C)		437		440
2.625%, 01/22/2025 (C)		1,804		1,862
State Street
3.300%, 12/16/2024		70		78
3.152%, VAR United States Secured Overnight Financing Rate+2.650%, 03/30/2031 (C)		710		810
Sumitomo Mitsui Financial Group
2.058%, 07/14/2021		340		344
SVB Financial Group
3.125%, 06/05/2030		242		269
Svensk Exportkredit MTN
0.750%, 04/06/2023		1,711		1,728
Svenska Handelsbanken MTN
3.350%, 05/24/2021		500		510
Swedbank
1.300%, 06/02/2023 (C)		580		591
Teachers Insurance & Annuity Association of America
6.850%, 12/16/2039 (C)		124		185
4.900%, 09/15/2044 (C)		240		303
3.300%, 05/15/2050 (C)		2,455		2,509
Temasek Financial I MTN
2.250%, 04/06/2051 (C)		616		606

SEI Institutional Managed Trust / Annual Report / September 30, 2020

129

SCHEDULE OF INVESTMENTS

September 30, 2020

Core Fixed Income Fund (Continued)



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

CORPORATE OBLIGATIONS (continued)
The Vanguard Group
3.050%, 08/22/2050	$	670	$	632
Toronto-Dominion Bank MTN
3.250%, 06/11/2021		590		602
1.900%, 12/01/2022		355		366
1.150%, 06/12/2025		460		468
0.750%, 06/12/2023		910		916
Truist Financial MTN
2.200%, 03/16/2023		2,530		2,632
Trust Fibra Uno
6.390%, 01/15/2050 (C)		327		326
4.869%, 01/15/2030 (C)(D)		410		413
UBS
1.750%, 04/21/2022 (C)		850		865
UBS Group
7.000%,VAR USD Swap Semi 30/360 5 Yr Curr+4.344%(C)(E)		1,640		1,751
4.253%, 03/23/2028 (C)		930		1,079
4.125%, 09/24/2025 (C)		200		228
3.491%, 05/23/2023 (C)		1,650		1,721
2.859%, VAR ICE LIBOR USD 3 Month+0.954%, 08/15/2023 (C)		1,808		1,875
2.650%, 02/01/2022 (C)		385		396
1.364%, VAR US Treas Yield Curve Rate T Note Const Mat 1 Yr+1.080%, 01/30/2027 (C)		1,031		1,031
UniCredit MTN
6.572%, 01/14/2022 (C)		1,350		1,433
US Bancorp
2.400%, 07/30/2024		1,770		1,883
1.450%, 05/12/2025		1,020		1,056
US Bancorp MTN
2.950%, 07/15/2022		25		26
US Bank
3.150%, 04/26/2021		550		558
USAA Capital
1.500%, 05/01/2023 (C)		150		154
Validus Holdings
8.875%, 01/26/2040		905		1,468
Wachovia Capital Trust III
5.570%, VAR ICE LIBOR USD 3 Month+0.930%(E)		2,790		2,788
WEA Finance
4.750%, 09/17/2044 (C)		230		232
3.750%, 09/17/2024 (C)		990		1,040
Wells Fargo
7.950%, 11/15/2029		495		667
5.375%, 11/02/2043		400		530
3.068%, VAR United States Secured Overnight Financing Rate+2.530%, 04/30/2041		2,795		2,924
3.000%, 10/23/2026		1,030		1,126



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

CORPORATE OBLIGATIONS (continued)
2.188%, VAR United States Secured Overnight Financing Rate+2.000%, 04/30/2026	$	2,760	$	2,879
Wells Fargo MTN
5.013%, VAR ICE LIBOR USD 3 Month+4.240%, 04/04/2051		11,036		15,104
4.900%, 11/17/2045		909		1,156
4.750%, 12/07/2046		700		872
4.650%, 11/04/2044		261		318
4.600%, 04/01/2021		160		163
4.478%, VAR ICE LIBOR USD 3 Month+3.770%, 04/04/2031		2,630		3,192
4.400%, 06/14/2046		1,370		1,637
4.300%, 07/22/2027		910		1,043
4.150%, 01/24/2029 (D)		1,010		1,188
4.125%, 08/15/2023		900		983
3.750%, 01/24/2024		250		272
3.500%, 03/08/2022		430		448
3.450%, 02/13/2023		660		699
3.196%, VAR ICE LIBOR USD 3 Month+1.170%, 06/17/2027		1,550		1,692
2.879%, VAR ICE LIBOR USD 3 Month+1.170%, 10/30/2030		2,285		2,454
2.625%, 07/22/2022		735		762
2.406%, VAR ICE LIBOR USD 3 Month+0.825%, 10/30/2025		1,005		1,052
2.393%, VAR United States Secured Overnight Financing Rate+2.100%, 06/02/2028		1,505		1,570
Westpac Banking
2.600%, 11/23/2020		500		502
Willis North America
2.950%, 09/15/2029		1,200		1,293

				413,202


Health Care — 4.1%
Abbott Laboratories
4.900%, 11/30/2046		470		666
4.750%, 11/30/2036		260		348
3.750%, 11/30/2026 (D)		862		1,001
1.150%, 01/30/2028		475		478
AbbVie
5.000%, 12/15/2021 (C)		35		36
4.875%, 11/14/2048		300		381
4.625%, 10/01/2042 (C)		38		46
4.500%, 05/14/2035		715		870
4.450%, 05/14/2046		795		947
4.400%, 11/06/2042		1,500		1,786
4.300%, 05/14/2036		231		272
4.250%, 11/14/2028		573		680
4.250%, 11/21/2049 (C)		5,003		5,939
4.050%, 11/21/2039 (C)		943		1,084

130

SEI Institutional Managed Trust / Annual Report / September 30, 2020



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

CORPORATE OBLIGATIONS (continued)
3.800%, 03/15/2025 (C)	$	3,177	$	3,523
3.750%, 11/14/2023		186		203
3.600%, 05/14/2025		770		854
3.450%, 03/15/2022 (C)		370		384
3.200%, 11/06/2022		44		46
3.200%, 11/21/2029 (C)		2,553		2,813
2.950%, 11/21/2026 (C)		697		759
2.900%, 11/06/2022		1,026		1,076
2.600%, 11/21/2024 (C)		2,608		2,763
2.300%, 11/21/2022 (C)		2,918		3,019
Advocate Health & Hospitals
2.211%, 06/15/2030		1,615		1,681
Aetna
3.875%, 08/15/2047		341		381
2.800%, 06/15/2023		2,650		2,793
Amgen
5.150%, 11/15/2041		332		442
4.663%, 06/15/2051		576		750
4.400%, 05/01/2045		2,172		2,691
3.625%, 05/22/2024		130		143
3.150%, 02/21/2040		627		667
2.770%, 09/01/2053 (C)		456		438
Anthem
4.625%, 05/15/2042		41		51
3.650%, 12/01/2027		220		251
3.500%, 08/15/2024		90		99
3.350%, 12/01/2024		1,425		1,565
3.125%, 05/15/2022		468		488
2.950%, 12/01/2022		661		695
2.250%, 05/15/2030		839		864
AstraZeneca
3.500%, 08/17/2023		805		870
0.700%, 04/08/2026		974		962
Bausch Health
7.250%, 05/30/2029 (C)		260		280
6.250%, 02/15/2029 (C)		410		422
5.500%, 11/01/2025 (C)		20		21
Baxalta
3.600%, 06/23/2022		546		568
Baxter International
3.950%, 04/01/2030 (C)		425		509
BayCare Health System
3.831%, 11/15/2050		1,595		1,959
Bayer US Finance
3.375%, 10/08/2024 (C)		2,300		2,502
Bayer US Finance II
4.875%, 06/25/2048 (C)		2,605		3,232
4.700%, 07/15/2064 (C)		210		229
4.625%, 06/25/2038 (C)		420		501
4.375%, 12/15/2028 (C)		3,150		3,699
4.250%, 12/15/2025 (C)		845		967



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

CORPORATE OBLIGATIONS (continued)
Becton Dickinson
4.685%, 12/15/2044	$	301	$	372
3.734%, 12/15/2024		1,047		1,156
3.700%, 06/06/2027		121		137
3.363%, 06/06/2024		1,670		1,807
Biogen
5.200%, 09/15/2045		120		161
3.625%, 09/15/2022		430		455
3.150%, 05/01/2050		311		307
Bon Secours Mercy Health
3.464%, 06/01/2030		855		960
Bristol-Myers Squibb
5.250%, 08/15/2043		40		56
5.000%, 08/15/2045		230		323
4.550%, 02/20/2048		166		224
4.350%, 11/15/2047		203		268
4.250%, 10/26/2049		258		339
3.900%, 02/20/2028		490		581
3.875%, 08/15/2025		460		524
3.550%, 08/15/2022		360		382
3.450%, 11/15/2027		457		525
3.400%, 07/26/2029		814		948
3.200%, 06/15/2026		937		1,057
2.900%, 07/26/2024		1,800		1,948
2.875%, 02/19/2021		80		81
2.750%, 02/15/2023		300		315
2.600%, 05/16/2022		550		571
2.250%, 08/15/2021		420		427
Centene
4.625%, 12/15/2029		230		248
3.375%, 02/15/2030		230		239
3.000%, 10/15/2030		5,136		5,240
Cigna
4.900%, 12/15/2048		1,060		1,376
4.375%, 10/15/2028		889		1,058
4.125%, 11/15/2025		290		333
3.875%, 10/15/2047		672		744
3.750%, 07/15/2023		872		945
3.400%, 09/17/2021		1,077		1,108
3.400%, 03/01/2027		1,451		1,627
3.400%, 03/15/2050		120		126
2.400%, 03/15/2030		435		451
CommonSpirit Health
4.350%, 11/01/2042		480		522
4.187%, 10/01/2049		635		676
CVS Health
5.125%, 07/20/2045		1,611		2,035
5.050%, 03/25/2048		4,945		6,312
4.780%, 03/25/2038		809		986
4.300%, 03/25/2028		3,690		4,319
4.250%, 04/01/2050		30		35
4.125%, 04/01/2040		160		182

SEI Institutional Managed Trust / Annual Report / September 30, 2020

131

SCHEDULE OF INVESTMENTS

September 30, 2020

Core Fixed Income Fund (Continued)



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

CORPORATE OBLIGATIONS (continued)
4.100%, 03/25/2025	$	133	$	150
3.875%, 07/20/2025		515		580
3.750%, 04/01/2030		400		456
3.700%, 03/09/2023		960		1,029
3.625%, 04/01/2027		890		996
3.350%, 03/09/2021		112		113
3.000%, 08/15/2026		342		374
2.750%, 12/01/2022		510		532
2.700%, 08/21/2040		236		225
1.750%, 08/21/2030		166		162
1.300%, 08/21/2027		1,922		1,893
CVS Pass-Through Trust
5.926%, 01/10/2034 (C)		73		84
Danaher
3.350%, 09/15/2025 (D)		317		354
2.600%, 10/01/2050		833		817
DENTSPLY SIRONA
3.250%, 06/01/2030		206		224
DH Europe Finance II Sarl
3.400%, 11/15/2049		6		7
2.600%, 11/15/2029		921		1,001
2.200%, 11/15/2024		867		916
2.050%, 11/15/2022		506		522
Eli Lilly
2.500%, 09/15/2060		485		461
2.250%, 05/15/2050		480		452
Fresenius Medical Care US Finance II
5.875%, 01/31/2022 (C)		170		181
Gilead Sciences
5.650%, 12/01/2041		35		49
4.750%, 03/01/2046		380		495
4.500%, 02/01/2045		10		13
3.700%, 04/01/2024		410		450
3.650%, 03/01/2026		460		519
3.250%, 09/01/2022		670		702
2.800%, 10/01/2050		241		238
2.600%, 10/01/2040		155		154
1.650%, 10/01/2030		516		515
1.200%, 10/01/2027		516		518
GlaxoSmithKline Capital
3.000%, 06/01/2024		310		335
2.850%, 05/08/2022		30		31
HCA
5.875%, 02/01/2029		410		478
5.625%, 09/01/2028		60		69
5.500%, 06/15/2047		60		74
5.375%, 02/01/2025		160		175
5.250%, 04/15/2025		820		947
5.250%, 06/15/2026		30		35
5.250%, 06/15/2049		2,319		2,839
5.125%, 06/15/2039		935		1,135
5.000%, 03/15/2024		1,390		1,557



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

CORPORATE OBLIGATIONS (continued)
4.500%, 02/15/2027	$	20	$	22
3.500%, 09/01/2030		520		530
Health Care Service A Mutual Legal Reserve
2.200%, 06/01/2030 (C)		855		876
1.500%, 06/01/2025 (C)		770		790
Humana
4.950%, 10/01/2044		60		79
4.800%, 03/15/2047		30		39
4.625%, 12/01/2042		170		212
4.500%, 04/01/2025		80		92
3.950%, 03/15/2027		70		80
3.850%, 10/01/2024		1,470		1,625
3.150%, 12/01/2022		560		588
2.500%, 12/15/2020		1,015		1,019
Johnson & Johnson
3.700%, 03/01/2046		170		213
3.625%, 03/03/2037		260		318
3.500%, 01/15/2048		92		114
3.400%, 01/15/2038		173		203
2.625%, 01/15/2025		86		93
2.450%, 09/01/2060		1,096		1,109
2.100%, 09/01/2040		113		113
0.950%, 09/01/2027		610		613
0.550%, 09/01/2025		300		300
Medtronic
4.625%, 03/15/2045		9		12
3.500%, 03/15/2025		343		386
Merck
3.700%, 02/10/2045		220		265
2.450%, 06/24/2050		230		231
2.400%, 09/15/2022		29		30
2.350%, 06/24/2040		230		233
1.450%, 06/24/2030		2,055		2,084
0.750%, 02/24/2026		530		531
Mylan
3.950%, 06/15/2026		620		698
New York and Presbyterian Hospital
3.563%, 08/01/2036		730		825
Partners Healthcare System
3.342%, 07/01/2060		1,170		1,285
3.192%, 07/01/2049		115		124
Perrigo Finance
4.900%, 12/15/2044		280		295
3.150%, 06/15/2030		299		309
Pfizer
4.000%, 12/15/2036		815		999
2.800%, 03/11/2022		304		315
2.625%, 04/01/2030		1,230		1,375
2.550%, 05/28/2040		482		501
1.700%, 05/28/2030		420		433
0.800%, 05/28/2025		670		675

132

SEI Institutional Managed Trust / Annual Report / September 30, 2020



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

CORPORATE OBLIGATIONS (continued)
Regeneron Pharmaceuticals
2.800%, 09/15/2050	$	485	$	457
1.750%, 09/15/2030		1,293		1,266
Royalty Pharma
3.550%, 09/02/2050 (C)		227		220
2.200%, 09/02/2030 (C)		780		779
1.750%, 09/02/2027 (C)		740		742
1.200%, 09/02/2025 (C)		700		698
0.750%, 09/02/2023 (C)		1,090		1,088
RWJ Barnabas Health
3.949%, 07/01/2046		1,030		1,170
Shire Acquisitions Investments Ireland DAC
2.875%, 09/23/2023		2,399		2,543
Stryker
2.900%, 06/15/2050		475		490
1.950%, 06/15/2030		617		630
1.150%, 06/15/2025		678		687
Takeda Pharmaceutical
4.400%, 11/26/2023		2,174		2,414
3.375%, 07/09/2060		253		266
3.175%, 07/09/2050		1,110		1,128
2.050%, 03/31/2030		1,881		1,899
Teva Pharmaceutical Finance BV
3.650%, 11/10/2021		680		678
2.950%, 12/18/2022		190		185
Teva Pharmaceutical Finance IV BV
3.650%, 11/10/2021		130		130
Teva Pharmaceutical Finance Netherlands III BV
7.125%, 01/31/2025		600		630
6.000%, 04/15/2024		200		204
3.150%, 10/01/2026		340		300
2.800%, 07/21/2023		630		603
2.200%, 07/21/2021		750		743
Thermo Fisher Scientific
4.497%, 03/25/2030		1,396		1,727
UnitedHealth Group
5.800%, 03/15/2036		280		406
4.750%, 07/15/2045		1,150		1,570
4.625%, 07/15/2035		523		689
4.450%, 12/15/2048		90		119
4.250%, 04/15/2047		450		573
4.250%, 06/15/2048		110		140
3.875%, 10/15/2020		710		711
3.875%, 12/15/2028		170		202
3.875%, 08/15/2059		1,083		1,325
3.750%, 07/15/2025		270		308
3.750%, 10/15/2047		272		323
3.700%, 12/15/2025		342		392
3.700%, 08/15/2049		150		179
3.500%, 06/15/2023		150		162
3.500%, 08/15/2039		108		124



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

CORPORATE OBLIGATIONS (continued)
3.375%, 11/15/2021	$	75	$	77
3.350%, 07/15/2022		28		30
3.125%, 05/15/2060		218		234
2.875%, 12/15/2021		290		299
2.875%, 03/15/2023		50		53
2.750%, 05/15/2040		889		939
2.375%, 10/15/2022		70		73
2.000%, 05/15/2030		730		765
1.250%, 01/15/2026		170		175
Upjohn
4.000%, 06/22/2050 (C)		675		720
2.300%, 06/22/2027 (C)		195		202
Wyeth
5.950%, 04/01/2037		470		697

				179,835


Industrials — 2.9%
3M
3.700%, 04/15/2050		660		799
3.250%, 08/26/2049		220		245
3.050%, 04/15/2030		90		103
2.375%, 08/26/2029		390		422
Adani Ports & Special Economic Zone
4.200%, 08/04/2027 (C)		594		596
AerCap Ireland Capital DAC
6.500%, 07/15/2025		672		726
5.000%, 10/01/2021		1,250		1,288
4.875%, 01/16/2024		1,829		1,894
4.625%, 07/01/2022		378		388
4.500%, 05/15/2021		2,140		2,181
4.450%, 04/03/2026		200		199
3.950%, 02/01/2022		1,047		1,060
3.875%, 01/23/2028		345		318
3.650%, 07/21/2027		650		595
3.500%, 05/26/2022		313		316
3.500%, 01/15/2025		232		226
3.150%, 02/15/2024		1,227		1,215
Air Lease
3.625%, 04/01/2027		221		218
3.625%, 12/01/2027		216		214
3.500%, 01/15/2022		1,110		1,139
3.375%, 07/01/2025		310		317
3.250%, 03/01/2025		1,645		1,673
Air Lease MTN
2.300%, 02/01/2025		355		349
Aviation Capital Group
5.500%, 12/15/2024 (C)		843		870
Avolon Holdings Funding
5.250%, 05/15/2024 (C)		120		120
BAE Systems
4.750%, 10/11/2021 (C)		2,100		2,189

SEI Institutional Managed Trust / Annual Report / September 30, 2020

133

SCHEDULE OF INVESTMENTS

September 30, 2020

Core Fixed Income Fund (Continued)



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

CORPORATE OBLIGATIONS (continued)
Boeing
5.930%, 05/01/2060	$	450	$	557
5.805%, 05/01/2050		1,390		1,682
5.705%, 05/01/2040		600		707
5.150%, 05/01/2030		904		1,016
5.040%, 05/01/2027		160		176
4.875%, 05/01/2025		2,169		2,360
4.508%, 05/01/2023		1,050		1,107
3.750%, 02/01/2050		710		650
3.625%, 03/01/2048		23		20
3.550%, 03/01/2038		196		179
3.250%, 02/01/2035		1,210		1,137
3.200%, 03/01/2029		490		483
3.100%, 05/01/2026		160		160
2.950%, 02/01/2030		337		326
2.800%, 03/01/2027		190		185
2.700%, 02/01/2027		912		889
Burlington Northern Santa Fe
7.290%, 06/01/2036		90		141
5.400%, 06/01/2041		50		70
4.150%, 12/15/2048		150		189
4.050%, 06/15/2048		124		154
3.450%, 09/15/2021		91		93
Canadian Pacific Railway
6.125%, 09/15/2115		44		67
Carrier Global
3.577%, 04/05/2050 (C)		250		266
3.377%, 04/05/2040 (C)		230		241
2.722%, 02/15/2030 (C)		670		701
2.700%, 02/15/2031 (C)		210		219
2.493%, 02/15/2027 (C)		70		73
2.242%, 02/15/2025 (C)		390		407
1.923%, 02/15/2023 (C)		160		165
Caterpillar
3.400%, 05/15/2024		205		224
Caterpillar Financial Services MTN
2.850%, 05/17/2024		170		183
Cintas No. 2
3.700%, 04/01/2027		400		461
2.900%, 04/01/2022		400		414
CNH Industrial Capital
1.875%, 01/15/2026		1,030		1,029
Continental Airlines Pass-Through Trust, Ser 2007-1, Cl A
5.983%, 04/19/2022		1,530		1,501
CoStar Group
2.800%, 07/15/2030 (C)		830		860
Crowley Conro
4.181%, 08/15/2043		455		545
CSX
4.750%, 11/15/2048		219		291
4.300%, 03/01/2048		42		52



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

CORPORATE OBLIGATIONS (continued)
Cummins
0.750%, 09/01/2025	$	410	$	411
DAE Funding
5.750%, 11/15/2023 (C)		70		71
Deere
3.750%, 04/15/2050		821		1,029
3.100%, 04/15/2030		100		114
2.750%, 04/15/2025		661		720
Delta Air Lines
7.375%, 01/15/2026		640		671
7.000%, 05/01/2025 (C)		2,370		2,602
4.750%, 10/20/2028 (C)		1,122		1,165
4.500%, 10/20/2025 (C)		1,510		1,551
4.375%, 04/19/2028		153		137
3.800%, 04/19/2023		381		369
3.625%, 03/15/2022		330		324
3.400%, 04/19/2021		510		508
Delta Air Lines Pass Through Trust, Ser 2020- 1, Cl AA
2.000%, 06/10/2028		4,000		3,866
DP World MTN
5.625%, 09/25/2048 (C)		990		1,129
Eaton
7.625%, 04/01/2024		75		88
4.150%, 11/02/2042		140		173
2.750%, 11/02/2022		900		943
Equifax
3.950%, 06/15/2023		1,612		1,744
2.600%, 12/15/2025		255		272
GE Capital Funding
4.400%, 05/15/2030 (C)		1,530		1,643
3.450%, 05/15/2025 (C)		1,394		1,496
GE Capital International Funding Unlimited Co
4.418%, 11/15/2035		4,371		4,614
General Dynamics
4.250%, 04/01/2040		1,012		1,273
4.250%, 04/01/2050		230		300
3.500%, 05/15/2025		60		67
3.250%, 04/01/2025		160		177
General Electric
4.350%, 05/01/2050		260		265
4.250%, 05/01/2040		2,105		2,136
3.625%, 05/01/2030		1,389		1,438
3.450%, 05/01/2027		1,042		1,103
General Electric MTN
6.875%, 01/10/2039		1,216		1,562
6.750%, 03/15/2032		1,335		1,680
6.150%, 08/07/2037		394		472
5.875%, 01/14/2038		2,990		3,496
3.100%, 01/09/2023		111		117

134

SEI Institutional Managed Trust / Annual Report / September 30, 2020



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

CORPORATE OBLIGATIONS (continued)
0.760%, VAR ICE LIBOR USD 3 Month+0.480%, 08/15/2036	$	2,400	$	1,654
GFL Environmental
4.250%, 06/01/2025 (C)		250		253
Honeywell International
1.950%, 06/01/2030		940		989
1.350%, 06/01/2025		310		320
Hutama Karya Persero MTN
3.750%, 05/11/2030 (C)		386		418
IHS Markit
5.000%, 11/01/2022 (C)		750		805
4.750%, 02/15/2025 (C)		355		402
4.750%, 08/01/2028		1,215		1,445
International Lease Finance
5.875%, 08/15/2022		113		121
John Deere Capital MTN
1.750%, 03/09/2027		447		467
1.200%, 04/06/2023		746		761
0.550%, 07/05/2022		969		974
L3Harris Technologies
5.054%, 04/27/2045		270		367
4.854%, 04/27/2035		80		105
Lockheed Martin
4.500%, 05/15/2036		90		114
4.070%, 12/15/2042		91		114
3.550%, 01/15/2026		1,190		1,352
3.100%, 01/15/2023		50		53
Mileage Plus Holdings
6.500%, 06/20/2027 (C)		510		531
Northrop Grumman
5.250%, 05/01/2050		350		502
5.150%, 05/01/2040		494		664
4.030%, 10/15/2047		951		1,164
3.250%, 08/01/2023		1,639		1,770
3.250%, 01/15/2028		1,645		1,848
2.930%, 01/15/2025		856		931
2.550%, 10/15/2022		1,302		1,356
Otis Worldwide
3.112%, 02/15/2040		555		594
2.565%, 02/15/2030		690		742
2.293%, 04/05/2027		230		245
2.056%, 04/05/2025		220		232
Parker-Hannifin
2.700%, 06/14/2024		400		428
Prime Security Services Borrower
5.750%, 04/15/2026 (C)		320		342
Raytheon
3.125%, 10/15/2020		430		430
Raytheon Technologies
4.625%, 11/16/2048		51		67
4.500%, 06/01/2042		430		543
4.450%, 11/16/2038		488		601



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

CORPORATE OBLIGATIONS (continued)
4.150%, 05/15/2045	$	59	$	71
4.125%, 11/16/2028		280		332
3.950%, 08/16/2025		966		1,098
3.650%, 08/16/2023		65		70
3.150%, 12/15/2024 (C)		200		216
2.250%, 07/01/2030		420		444
Republic Services
3.950%, 05/15/2028		335		395
2.500%, 08/15/2024		635		676
1.450%, 02/15/2031		1,650		1,627
Roper Technologies
1.000%, 09/15/2025		420		421
Southwest Airlines
5.125%, 06/15/2027		1,016		1,111
4.750%, 05/04/2023		677		724
Spirit Loyalty Cayman
8.000%, 09/20/2025 (C)		610		646
TransDigm
8.000%, 12/15/2025 (C)		120		131
6.250%, 03/15/2026 (C)		280		292
Union Pacific
3.950%, 09/10/2028		1,595		1,881
3.839%, 03/20/2060		1,030		1,195
3.750%, 07/15/2025		340		387
3.750%, 02/05/2070		331		374
3.250%, 02/05/2050		2,002		2,206
3.150%, 03/01/2024		269		290
2.973%, 09/16/2062 (C)		83		81
2.950%, 03/01/2022		562		582
2.400%, 02/05/2030		620		667
2.150%, 02/05/2027		501		533
United Parcel Service
5.300%, 04/01/2050		480		712
5.200%, 04/01/2040		240		332
United Rentals North America
4.875%, 01/15/2028		150		158
3.875%, 11/15/2027		100		103
3.875%, 02/15/2031		820		832
US Airways Pass-Through Trust, Ser 2012-2, Cl A
4.625%, 06/03/2025		558		463
Waste Management
4.600%, 03/01/2021		90		91
4.150%, 07/15/2049		210		267
3.500%, 05/15/2024		370		405

				122,883


Information Technology — 2.2%
Apple
4.650%, 02/23/2046		270		377
4.375%, 05/13/2045		360		482
4.250%, 02/09/2047		439		584

SEI Institutional Managed Trust / Annual Report / September 30, 2020

135

SCHEDULE OF INVESTMENTS

September 30, 2020

Core Fixed Income Fund (Continued)



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

CORPORATE OBLIGATIONS (continued)
3.850%, 05/04/2043	$	530	$	661
3.450%, 02/09/2045		31		36
3.200%, 05/13/2025		297		331
3.200%, 05/11/2027		232		264
2.850%, 05/06/2021		113		115
2.750%, 01/13/2025		315		341
2.650%, 05/11/2050		780		817
2.550%, 08/20/2060		744		739
2.450%, 08/04/2026		1,410		1,537
2.150%, 02/09/2022		82		84
2.050%, 09/11/2026		1,016		1,086
2.000%, 11/13/2020		500		501
1.550%, 08/04/2021		20		20
1.125%, 05/11/2025		1,110		1,136
Avnet
3.750%, 12/01/2021		1,000		1,029
Broadcom
4.700%, 04/15/2025		1,888		2,145
4.250%, 04/15/2026		543		612
4.150%, 11/15/2030		1,849		2,077
3.875%, 01/15/2027		768		851
3.625%, 01/15/2024		1,700		1,828
3.150%, 11/15/2025		4,278		4,634
3.125%, 10/15/2022		500		523
2.250%, 11/15/2023		690		717
Dell International
6.100%, 07/15/2027 (C)		323		383
6.020%, 06/15/2026 (C)		39		46
5.300%, 10/01/2029 (C)		324		372
4.900%, 10/01/2026 (C)		161		182
4.420%, 06/15/2021 (C)		691		707
Fiserv
3.500%, 07/01/2029		482		549
3.200%, 07/01/2026		543		603
Flex
4.875%, 05/12/2030		847		967
Hewlett Packard Enterprise
4.650%, 10/01/2024		2,245		2,539
HP
2.200%, 06/17/2025		1,017		1,065
Intel
4.950%, 03/25/2060		480		700
4.750%, 03/25/2050		4,750		6,541
4.600%, 03/25/2040		542		722
4.100%, 05/19/2046		1,000		1,248
3.700%, 07/29/2025		223		253
3.300%, 10/01/2021		35		36
3.250%, 11/15/2049		735		823
3.100%, 07/29/2022		35		37
International Business Machines
4.150%, 05/15/2039		100		123
3.300%, 05/15/2026		196		221



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

CORPORATE OBLIGATIONS (continued)
3.000%, 05/15/2024	$	1,510	$	1,636
KLA
3.300%, 03/01/2050		431		455
Marvell Technology Group
4.200%, 06/22/2023		810		875
Mastercard
3.850%, 03/26/2050		80		102
3.375%, 04/01/2024		250		275
3.350%, 03/26/2030		635		745
Micron Technology
2.497%, 04/24/2023		1,430		1,485
Microsoft
4.100%, 02/06/2037		751		974
3.950%, 08/08/2056		199		262
3.700%, 08/08/2046		170		213
3.625%, 12/15/2023		89		98
3.500%, 02/12/2035		156		192
3.450%, 08/08/2036		580		704
3.300%, 02/06/2027		1,550		1,771
2.875%, 02/06/2024		1,203		1,295
2.700%, 02/12/2025		250		272
2.675%, 06/01/2060		636		671
2.525%, 06/01/2050		805		842
2.400%, 02/06/2022		600		617
2.400%, 08/08/2026		1,700		1,857
2.375%, 02/12/2022		20		21
2.375%, 05/01/2023		20		21
1.550%, 08/08/2021		400		404
NVIDIA
3.700%, 04/01/2060		310		370
3.500%, 04/01/2040		430		504
3.500%, 04/01/2050		2,344		2,743
2.850%, 04/01/2030		2,064		2,319
NXP BV
4.300%, 06/18/2029 (C)		424		489
3.875%, 06/18/2026 (C)		1,291		1,446
3.400%, 05/01/2030 (C)		109		119
3.150%, 05/01/2027 (C)		546		590
2.700%, 05/01/2025 (C)		280		297
Oracle
4.000%, 11/15/2047		488		579
3.900%, 05/15/2035 (K)1.375		1,720		2,092
3.850%, 04/01/2060		534		630
3.800%, 11/15/2037		229		269
3.600%, 04/01/2040		1,040		1,191
2.950%, 11/15/2024		539		585
2.950%, 04/01/2030		1,040		1,163
2.800%, 04/01/2027		968		1,064
2.625%, 02/15/2023		420		439
PayPal Holdings
2.300%, 06/01/2030		2,545		2,691
1.650%, 06/01/2025		1,624		1,682

136

SEI Institutional Managed Trust / Annual Report / September 30, 2020



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

CORPORATE OBLIGATIONS (continued)
1.350%, 06/01/2023	$	1,264	$	1,291
Prosus
4.850%, 07/06/2027 (C)		550		626
QUALCOMM
1.300%, 05/20/2028 (C)		961		942
salesforce.com
3.700%, 04/11/2028		670		791
3.250%, 04/11/2023		480		514
ServiceNow
1.400%, 09/01/2030		678		662
Tencent Holdings MTN
3.595%, 01/19/2028 (C)		570		628
Texas Instruments
4.150%, 05/15/2048		300		392
1.750%, 05/04/2030		290		299
1.375%, 03/12/2025		401		415
TSMC Global
1.375%, 09/28/2030 (C)		3,158		3,095
1.000%, 09/28/2027 (C)		310		305
0.750%, 09/28/2025 (C)		1,193		1,182
Visa
4.300%, 12/14/2045		690		917
3.650%, 09/15/2047		235		288
3.150%, 12/14/2025		1,410		1,578
2.200%, 12/14/2020		80		80
1.900%, 04/15/2027		755		802

				93,500


Materials — 0.8%
Air Liquide Finance
2.250%, 09/27/2023 (C)		590		617
Amcor Finance USA
4.500%, 05/15/2028 (D)		360		422
3.625%, 04/28/2026		2,425		2,701
Anglo American Capital
4.750%, 04/10/2027 (C)		720		827
4.000%, 09/11/2027 (C)		200		221
3.750%, 04/10/2022 (C)		280		290
3.625%, 09/11/2024 (C)		710		763
ArcelorMittal
7.250%, 10/15/2039		120		151
6.125%, 06/01/2025		670		772
4.550%, 03/11/2026		330		358
3.600%, 07/16/2024		600		629
Barrick
5.250%, 04/01/2042		80		110
Barrick North America Finance
5.750%, 05/01/2043		437		636
5.700%, 05/30/2041		896		1,265
BHP Billiton Finance USA
5.000%, 09/30/2043		410		576
4.125%, 02/24/2042		40		50



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

CORPORATE OBLIGATIONS (continued)
2.875%, 02/24/2022	$	50	$	52
CCL Industries
3.050%, 06/01/2030 (C)		850		907
Dow Chemical
5.250%, 11/15/2041		25		31
4.800%, 05/15/2049 (D)		360		430
3.600%, 11/15/2050		342		346
2.100%, 11/15/2030		971		958
DuPont de Nemours
4.493%, 11/15/2025		1,775		2,046
Equate Petrochemical BV MTN
4.250%, 11/03/2026 (C)		480		503
Freeport-McMoRan
5.450%, 03/15/2043		605		671
5.400%, 11/14/2034		40		44
4.625%, 08/01/2030		180		189
4.550%, 11/14/2024		40		43
3.875%, 03/15/2023		20		21
Georgia-Pacific
2.100%, 04/30/2027 (C)		516		542
Glencore Funding
4.125%, 05/30/2023 (C)		200		214
4.125%, 03/12/2024 (C)		1,390		1,506
4.000%, 03/27/2027 (C)		1,220		1,332
3.875%, 10/27/2027 (C)		300		327
3.000%, 10/27/2022 (C)		30		31
Industrias Penoles
4.150%, 09/12/2029 (C)		1,005		1,091
International Flavors & Fragrances
5.000%, 09/26/2048		1,720		2,128
International Paper
4.400%, 08/15/2047		318		388
LyondellBasell Industries
5.750%, 04/15/2024		200		229
Nacional del Cobre de Chile
4.250%, 07/17/2042 (C)		970		1,099
Newcrest Finance Pty
3.250%, 05/13/2030 (C)		630		687
Newmont
2.250%, 10/01/2030		890		918
Nucor
2.700%, 06/01/2030		338		363
2.000%, 06/01/2025		338		353
Nutrien
5.000%, 04/01/2049		490		646
2.950%, 05/13/2030		434		475
Nutrition & Biosciences
3.468%, 12/01/2050 (C)		1,526		1,541
2.300%, 11/01/2030 (C)		513		517
1.832%, 10/15/2027 (C)		241		242
1.230%, 10/01/2025 (C)		2,984		2,977

SEI Institutional Managed Trust / Annual Report / September 30, 2020

137

SCHEDULE OF INVESTMENTS

September 30, 2020

Core Fixed Income Fund (Continued)



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

CORPORATE OBLIGATIONS (continued)
OCP
4.500%, 10/22/2025 (C)	$	400	$	422
Reliance Steel & Aluminum
2.150%, 08/15/2030		693		678
1.300%, 08/15/2025		267		267
Southern Copper
5.250%, 11/08/2042		2,030		2,560
Steel Dynamics
3.250%, 01/15/2031		246		263
2.400%, 06/15/2025		246		257
Suzano Austria GmbH
3.750%, 01/15/2031		140		140
Syngenta Finance
3.933%, 04/23/2021 (C)		650		658
Teck Resources
6.250%, 07/15/2041		5		6
6.000%, 08/15/2040		30		34
Vale Overseas
6.875%, 11/21/2036		874		1,138
6.250%, 08/10/2026		32		38
WestRock RKT
4.000%, 03/01/2023		70		75
WRKCo
3.000%, 09/15/2024		750		805

				41,576


Real Estate — 0.8%
Agree
2.900%, 10/01/2030		236		245
American Campus Communities Operating Partnership
3.750%, 04/15/2023		1,350		1,420
3.625%, 11/15/2027		745		793
3.300%, 07/15/2026		1,495		1,600
American Tower
1.875%, 10/15/2030		1,430		1,413
AvalonBay Communities MTN
4.350%, 04/15/2048		110		143
2.450%, 01/15/2031		1,155		1,235
Boston Properties
3.800%, 02/01/2024		1,250		1,354
3.400%, 06/21/2029		720		783
Brandywine Operating Partnership
3.950%, 11/15/2027		17		18
Camden Property Trust
2.800%, 05/15/2030		435		474
Crown Castle International
4.000%, 03/01/2027		158		180
3.300%, 07/01/2030		910		995
CyrusOne
2.900%, 11/15/2024		1,250		1,325



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

CORPORATE OBLIGATIONS (continued)
Equinix
2.950%, 09/15/2051	$	720	$	707
2.900%, 11/18/2026		892		962
2.625%, 11/18/2024		427		454
ERP Operating
4.625%, 12/15/2021		64		67
GLP Capital
5.375%, 04/15/2026		2,615		2,898
5.300%, 01/15/2029		1,515		1,687
5.250%, 06/01/2025		565		614
4.000%, 01/15/2030		413		427
3.350%, 09/01/2024		125		127
Healthcare Realty Trust
3.875%, 05/01/2025		200		219
3.750%, 04/15/2023		1,400		1,503
Healthpeak Properties
4.250%, 11/15/2023		48		52
4.200%, 03/01/2024		765		842
2.875%, 01/15/2031		224		236
Highwoods Realty
2.600%, 02/01/2031		372		369
Kilroy Realty
2.500%, 11/15/2032		404		393
Kimco Realty
1.900%, 03/01/2028		337		333
Life Storage
3.875%, 12/15/2027		915		1,024
Mid-America Apartments
4.300%, 10/15/2023		325		355
4.000%, 11/15/2025		388		438
3.950%, 03/15/2029		319		369
3.750%, 06/15/2024		742		807
3.600%, 06/01/2027		47		52
1.700%, 02/15/2031		299		294
Prologis
3.000%, 04/15/2050		115		123
Realty Income
3.250%, 01/15/2031		724		801
Regency Centers
2.950%, 09/15/2029		690		715
Sabra Health Care
3.900%, 10/15/2029		715		697
Simon Property Group
3.800%, 07/15/2050		850		863
2.450%, 09/13/2029		1,020		1,010
2.000%, 09/13/2024		355		366
Spirit Realty
4.450%, 09/15/2026		40		43
4.000%, 07/15/2029		183		190
3.400%, 01/15/2030		382		380
3.200%, 02/15/2031		751		733

138

SEI Institutional Managed Trust / Annual Report / September 30, 2020



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

CORPORATE OBLIGATIONS (continued)
STORE Capital
4.625%, 03/15/2029	$	404	$	433
4.500%, 03/15/2028		1,194		1,280
Ventas Realty
3.850%, 04/01/2027		500		545
VEREIT Operating Partnership
3.400%, 01/15/2028		337		352
Welltower
4.500%, 01/15/2024		102		112
3.750%, 03/15/2023		500		529

				36,379


Utilities — 2.1%
AEP Texas
6.650%, 02/15/2033		500		691
Alabama Power
3.700%, 12/01/2047		1,600		1,890
Arizona Public Service
3.150%, 05/15/2025		66		72
Black Hills
3.875%, 10/15/2049		285		317
3.050%, 10/15/2029		546		595
Boston Gas
4.487%, 02/15/2042 (C)		35		43
Carolina Power & Light
2.800%, 05/15/2022		25		26
CenterPoint Energy
3.600%, 11/01/2021		595		615
2.950%, 03/01/2030		271		297
2.900%, 07/01/2050		219		232
2.500%, 09/01/2022		64		66
2.500%, 09/01/2024		691		735
CenterPoint Energy Resources
4.100%, 09/01/2047		310		364
Cleco Power
6.000%, 12/01/2040		700		925
Comision Federal de Electricidad
4.750%, 02/23/2027 (C)		240		258
Consolidated Edison of New York
4.650%, 12/01/2048		1,500		1,950
4.450%, 03/15/2044		1,120		1,389
3.950%, 04/01/2050		130		159
3.350%, 04/01/2030		180		207
Dominion Energy
3.071%, –%, 0, 08/15/2024 (F)		980		1,055
2.850%, 08/15/2026		411		451
2.000%, 08/15/2021		446		452
DTE Electric
2.950%, 03/01/2050		701		740
DTE Energy
3.800%, 03/15/2027		639		714
2.950%, 03/01/2030		425		454



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

CORPORATE OBLIGATIONS (continued)
2.529%, 10/01/2024	$	916	$	974
1.050%, 06/01/2025		2,141		2,140
Duke Energy
3.550%, 09/15/2021		76		78
3.150%, 08/15/2027		280		309
2.400%, 08/15/2022		340		351
1.800%, 09/01/2021		848		858
0.900%, 09/15/2025		1,321		1,321
Duke Energy Carolinas
4.250%, 12/15/2041		628		781
4.000%, 09/30/2042		1,000		1,223
Duke Energy Florida
3.850%, 11/15/2042		380		451
3.200%, 01/15/2027		1,080		1,217
Duke Energy Indiana
4.200%, 03/15/2042		30		36
2.750%, 04/01/2050		280		287
Duke Energy Ohio
2.125%, 06/01/2030		485		509
Duke Energy Progress
4.100%, 05/15/2042		425		518
2.500%, 08/15/2050		388		376
Enel Finance International
4.625%, 09/14/2025 (C)		1,310		1,514
Entergy Arkansas
2.650%, 06/15/2051		1,219		1,230
Entergy Texas
1.750%, 03/15/2031		428		425
Evergy
2.900%, 09/15/2029		421		452
2.450%, 09/15/2024		593		628
Evergy Kansas Central
3.450%, 04/15/2050		858		972
Evergy Metro
5.300%, 10/01/2041		100		133
2.250%, 06/01/2030		647		685
Evergy Missouri West
8.270%, 11/15/2021		2,700		2,913
Eversource Energy
2.900%, 10/01/2024		1,610		1,743
Exelon
5.625%, 06/15/2035		760		1,010
4.700%, 04/15/2050		586		745
3.950%, 06/15/2025		375		423
FirstEnergy
4.250%, 03/15/2023		984		1,044
3.900%, 07/15/2027		1,533		1,685
1.600%, 01/15/2026		180		179
FirstEnergy, Ser C
7.375%, 11/15/2031		3,685		5,167
FirstEnergy Transmission
5.450%, 07/15/2044 (C)		35		45

SEI Institutional Managed Trust / Annual Report / September 30, 2020

139

SCHEDULE OF INVESTMENTS

September 30, 2020

Core Fixed Income Fund (Continued)



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

CORPORATE OBLIGATIONS (continued)
Indiana Michigan Power
4.550%, 03/15/2046	$	325	$	415
Interstate Power & Light
3.500%, 09/30/2049		243		266
ITC Holdings
4.050%, 07/01/2023		1,152		1,246
3.650%, 06/15/2024		633		696
2.700%, 11/15/2022		639		667
Jersey Central Power & Light
4.700%, 04/01/2024 (C)		700		777
KeySpan Gas East
2.742%, 08/15/2026 (C)		1,025		1,127
Metropolitan Edison
4.300%, 01/15/2029 (C)		501		589
3.500%, 03/15/2023 (C)		2,775		2,913
MidAmerican Energy
4.800%, 09/15/2043		830		1,112
3.650%, 08/01/2048		337		398
Mid-Atlantic Interstate Transmission
4.100%, 05/15/2028 (C)		162		183
Mississippi Power
4.250%, 03/15/2042		468		552
3.950%, 03/30/2028		779		894
NextEra Energy Capital Holdings
2.750%, 05/01/2025		545		589
2.250%, 06/01/2030		1,011		1,047
NiSource
5.800%, 02/01/2042		149		203
0.950%, 08/15/2025		847		846
Oncor Electric Delivery
4.550%, 12/01/2041		690		888
3.700%, 11/15/2028		484		569
2.750%, 05/15/2030		1,065		1,189
Pacific Gas and Electric
4.550%, 07/01/2030		707		768
4.500%, 07/01/2040		161		164
3.950%, 12/01/2047		229		212
3.500%, 08/01/2050		130		117
3.300%, 12/01/2027		679		697
3.300%, 08/01/2040		273		251
2.500%, 02/01/2031		2,465		2,345
2.100%, 08/01/2027		1,931		1,868
1.750%, 06/16/2022		2,555		2,558
PECO Energy
4.150%, 10/01/2044		1,140		1,418
Pennsylvania Electric
3.250%, 03/15/2028 (C)		269		292
Perusahaan Listrik Negara MTN
6.150%, 05/21/2048 (C)		500		643
PPL Capital Funding
5.000%, 03/15/2044		425		530
4.125%, 04/15/2030		824		973



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

CORPORATE OBLIGATIONS (continued)
3.400%, 06/01/2023	$	91	$	97
3.100%, 05/15/2026 (D)		771		851
Progress Energy
3.150%, 04/01/2022		280		289
Public Service Electric and Gas MTN
3.700%, 05/01/2028		1,545		1,809
2.700%, 05/01/2050		704		735
2.050%, 08/01/2050		129		119
Public Service of New Hampshire
3.500%, 11/01/2023		515		557
Sempra Energy
2.900%, 02/01/2023		480		503
Southern California Edison
4.650%, 10/01/2043		152		175
4.125%, 03/01/2048		943		1,037
4.050%, 03/15/2042		5		5
3.700%, 08/01/2025		99		110
2.850%, 08/01/2029		323		339
Southern California Gas
2.550%, 02/01/2030		900		971
Southern Gas Capital
4.400%, 05/30/2047		500		605
1.750%, 01/15/2031		647		639
Southwestern Public Service
3.750%, 06/15/2049		955		1,127
Trans-Allegheny Interstate Line
3.850%, 06/01/2025 (C)		223		247
Virginia Electric & Power
4.650%, 08/15/2043		585		775
2.950%, 01/15/2022		330		338
Vistra Operations
4.300%, 07/15/2029 (C)		1,590		1,736
3.550%, 07/15/2024 (C)		1,045		1,113
Xcel Energy
0.500%, 10/15/2023		274		274

				91,572

Total Corporate Obligations (Cost $1,365,153) ($ Thousands)				1,475,817


U.S. TREASURY OBLIGATIONS — 24.1%
U.S. Treasury Bills
0.965%, 10/15/2020 (A)		5,825		5,825
0.180%, 10/15/2020 (A)		9,800		9,800
0.180%, 12/10/2020 (A)		7,965		7,963
0.167%, 10/08/2020 (A)		2,010		2,010
0.155%, 10/22/2020 (A)		6,330		6,330
0.140%, 10/20/2020 (A)		41,335		41,333
0.140%, 11/12/2020 (A)		41,685		41,681
0.113%, 01/26/2021 (A)		3,475		3,474
0.105%, 12/03/2020 (A)		1,470		1,470

140

SEI Institutional Managed Trust / Annual Report / September 30, 2020



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

U.S. TREASURY OBLIGATIONS (continued)
0.100%, 11/03/2020 (A)	$	1,990	$	1,990
0.100%, 01/05/2021 (A)		2,290		2,289
0.098%, 12/08/2020 (A)		2,180		2,180
0.097%, 10/27/2020 (A)		1,960		1,960
U.S. Treasury Bonds
3.750%, 11/15/2043		955		1,421
3.125%, 08/15/2044		43		59
2.875%, 05/15/2043		12,893		16,865
2.750%, 11/15/2042		19,633		25,186
2.500%, 02/15/2045		14,384		17,742
2.000%, 02/15/2050		10,860		12,321
1.375%, 08/15/2050		58,684		57,593
1.250%, 05/15/2050		74,033		70,378
1.125%, 05/15/2040		13,908		13,715
1.125%, 08/15/2040		24,217		23,812
U.S. Treasury Inflation Protected Securities
2.125%, 02/15/2040		1,990		3,053
2.125%, 02/15/2041		958		1,490
1.375%, 02/15/2044 (L)		3,413		4,862
1.000%, 02/15/2046		2,439		3,295
1.000%, 02/15/2048		4,308		5,951
1.000%, 02/15/2049 (L)		11,471		16,030
0.750%, 02/15/2042		2,488		3,134
0.750%, 02/15/2045		1,166		1,487
0.250%, 02/15/2050		4,294		5,076
0.125%, 04/15/2025		3,013		3,207
0.125%, 07/15/2030		5,590		6,219
U.S. Treasury Notes
3.125%, 05/15/2021		4,551		4,636
2.500%, 02/28/2026		1,084		1,211
2.375%, 03/15/2022		3,724		3,845
2.250%, 04/30/2021		4,878		4,939
2.125%, 05/15/2022		618		638
1.375%, 01/31/2021		16,359		16,426
1.375%, 05/31/2021		18,578		18,735
0.625%, 05/15/2030		1,050		1,047
0.625%, 08/15/2030		34,902		34,727
0.500%, 06/30/2027		10,880		10,922
0.500%, 08/31/2027		12,390		12,425
0.375%, 09/30/2027		40,791		40,542
0.250%, 06/15/2023		3,403		3,412
0.250%, 05/31/2025		2,280		2,280
0.250%, 06/30/2025		360		360
0.250%, 08/31/2025		77,673		77,612
0.250%, 09/30/2025		82,910		82,819
0.125%, 05/31/2022		3,212		3,212
0.125%, 06/30/2022		3,798		3,798
0.125%, 07/31/2022		19,486		19,486
0.125%, 08/31/2022		97,178		97,174
0.125%, 09/30/2022		134,557		134,552
0.125%, 07/15/2023		4,106		4,103
0.125%, 08/15/2023		8,344		8,338



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

U.S. TREASURY OBLIGATIONS (continued)
0.125%, 09/15/2023	$	27,470	$	27,446
U.S. Treasury STRIPS
0.000%, 05/15/2049 (A)		5,380		3,497

Total U.S. Treasury Obligations (Cost $1,028,439) ($ Thousands)				1,039,383


ASSET-BACKED SECURITIES — 7.3%

Automotive — 1.3%
Ally Auto Receivables Trust, Ser 2018-1, Cl A3
2.350%, 06/15/2022		124		125
Ally Auto Receivables Trust, Ser 2019-3, Cl A4
1.960%, 12/16/2024		670		693
Ally Auto Receivables Trust, Ser 2019-4, Cl A3
1.840%, 06/17/2024		190		193
Americredit Automobile Receivables Trust, Ser 2018-1, Cl A3
3.070%, 12/19/2022		1,182		1,192
Americredit Automobile Receivables Trust, Ser 2019-1, Cl A2A
2.930%, 06/20/2022		98		98
AmeriCredit Automobile Receivables Trust, Ser 2020-1, Cl A2A
1.100%, 03/20/2023		205		206
AmeriCredit Automobile Receivables Trust, Ser 2020-2, Cl A2A
0.600%, 12/18/2023		2,027		2,031
Avis Budget Rental Car Funding AESOP, Ser 2017-1A, Cl A
3.070%, 09/20/2023 (C)		333		341
Avis Budget Rental Car Funding AESOP, Ser 2019-3A, Cl A
2.360%, 03/20/2026 (C)		665		679
Avis Budget Rental Car Funding AESOP, Ser 2020-1A, Cl A
2.330%, 08/20/2026 (C)		1,120		1,154
Avis Budget Rental Car Funding AESOP, Ser 2020-2A, Cl A
2.020%, 02/20/2027 (C)		4,314		4,352
Bank of The West Auto Trust, Ser 2019-1, Cl A2
2.400%, 10/17/2022 (C)		251		253
CarMax Auto Owner Trust, Ser 2020-2, Cl A1
1.252%, 05/17/2021		241		241
Chase Auto Credit Linked Notes, Ser 2020-1, Cl B
0.991%, 01/25/2028 (C)		750		751
Chesapeake Funding II, Ser 2017-3A, Cl B
2.570%, 08/15/2029 (C)		205		206
Chesapeake Funding II, Ser 2019-1A, Cl A1
2.940%, 04/15/2031 (C)		809		830

SEI Institutional Managed Trust / Annual Report / September 30, 2020

141

SCHEDULE OF INVESTMENTS

September 30, 2020

Core Fixed Income Fund (Continued)



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

ASSET-BACKED SECURITIES (continued)
Chesapeake Funding II, Ser 2020-1A, Cl A1
0.870%, 08/16/2032 (C)	$	2,111	$	2,117
Chesapeake Funding II, Ser 2020-1A, Cl B
1.240%, 08/16/2032 (C)		1,010		1,010
Drive Auto Receivables Trust, Ser 2019-3, Cl A3
2.490%, 06/15/2023		922		927
Drive Auto Receivables Trust, Ser 2020-1, Cl A2
1.990%, 12/15/2022		374		376
Drive Auto Receivables Trust, Ser 2020-2, Cl A2A
0.850%, 07/17/2023		498		499
Enterprise Fleet Financing, Ser 2019-1, Cl A2
2.980%, 10/20/2024 (C)		412		419
Exeter Automobile Receivables Trust, Ser 2019-4A, Cl A
2.180%, 01/17/2023 (C)		282		284
Exeter Automobile Receivables Trust, Ser 2020-2A, Cl A
1.130%, 08/15/2023 (C)		1,608		1,613
Ford Credit Auto Lease Trust, Ser 2020-B, Cl A3
0.620%, 08/15/2023		1,891		1,899
Ford Credit Auto Owner Trust, Ser 2017-B, Cl A4
1.870%, 09/15/2022		225		226
Ford Credit Auto Owner Trust, Ser 2017-C, Cl A3
2.010%, 03/15/2022		300		301
Ford Credit Auto Owner Trust, Ser 2018-1, Cl A
3.190%, 07/15/2031 (C)		2,788		3,072
Ford Credit Auto Owner Trust, Ser 2018-2, Cl A
3.470%, 01/15/2030 (C)		1,725		1,861
Ford Credit Auto Owner Trust, Ser 2018-A, Cl A3
3.030%, 11/15/2022		148		150
Ford Credit Auto Owner Trust, Ser 2019-1, Cl A
3.520%, 07/15/2030 (C)		2,077		2,271
Ford Credit Auto Owner Trust, Ser 2019-C, Cl A2A
1.880%, 07/15/2022		131		131
Ford Credit Auto Owner Trust, Ser 2020-1, Cl A
2.040%, 08/15/2031 (C)		2,548		2,670
Ford Credit Auto Owner Trust, Ser 2020-A, Cl A2
1.030%, 10/15/2022		328		329



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

ASSET-BACKED SECURITIES (continued)
Ford Credit Auto Owner Trust, Ser 2020-A, Cl A3
1.040%, 08/15/2024	$	1,062	$	1,075
Foursight Capital Automobile Receivables Trust, Ser 2018-1, Cl A3
3.240%, 09/15/2022 (C)		69		70
GM Financial Automobile Leasing Trust, Ser 2020-2, Cl A2A
0.710%, 10/20/2022		110		110
GM Financial Automobile Leasing Trust, Ser 2020-2, Cl A4
1.010%, 07/22/2024		197		200
GM Financial Consumer Automobile Receivables Trust, Ser 2020-1, Cl A2
1.830%, 01/17/2023		268		269
GM Financial Consumer Automobile Receivables Trust, Ser 2020-2, Cl A3
1.490%, 12/16/2024		613		625
Hertz Fleet Lease Funding, Ser 2017-1, Cl A2
2.130%, 04/10/2031 (C)		86		86
Hertz Fleet Lease Funding, Ser 2019-1, Cl D
3.440%, 01/10/2033 (C)		1,580		1,510
Honda Auto Receivables Owner Trust, Ser 2019-3, Cl A4
1.850%, 08/15/2025		545		562
Honda Auto Receivables Owner Trust, Ser 2019-4, Cl A3
1.830%, 01/18/2024		800		818
Honda Auto Receivables Owner Trust, Ser 2020-2, Cl A2
0.740%, 11/15/2022		310		311
Hyundai Auto Receivables Trust, Ser 2019-B, Cl A3
1.940%, 02/15/2024		170		174
Hyundai Auto Receivables Trust, Ser 2020-A, Cl A1
1.198%, 05/17/2021		299		299
Hyundai Auto Receivables Trust, Ser 2020-B, Cl A2
0.380%, 03/15/2023		2,075		2,076
Mercedes-Benz Auto Receivables Trust, Ser 2020-1, Cl A3
0.550%, 02/18/2025		550		552
Nissan Auto Receivables Owner Trust, Ser 2017-A, Cl A4
2.110%, 05/15/2023		294		296
Santander Drive Auto Receivables Trust, Ser 2020-1, Cl A3
2.030%, 02/15/2024		393		401
Santander Drive Auto Receivables Trust, Ser 2020-2, Cl A2A
0.620%, 05/15/2023		2,535		2,538

142

SEI Institutional Managed Trust / Annual Report / September 30, 2020



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

ASSET-BACKED SECURITIES (continued)
Santander Drive Auto Receivables Trust, Ser 2020-3, Cl A2
0.460%, 09/15/2023	$	1,465	$	1,466
Santander Drive Auto Receivables Trust, Ser 2020-3, Cl A3
0.520%, 07/15/2024		684		685
Santander Revolving Auto Loan Trust, Ser 2019-A, Cl A
2.510%, 01/26/2032 (C)		2,103		2,228
Tesla Auto Lease Trust, Ser 2020-A, Cl A2
0.550%, 05/22/2023 (C)		1,600		1,602
Tidewater Auto Receivables Trust, Ser 2020- AA, Cl A2
1.390%, 08/15/2024 (C)		580		584
Toyota Auto Receivables Owner Trust, Ser 2019-C, Cl A3
1.910%, 09/15/2023		695		708
Toyota Auto Receivables Owner Trust, Ser 2019-D, Cl A2
1.920%, 07/15/2022		161		162
Toyota Auto Receivables Owner Trust, Ser 2020-A, Cl A2
1.670%, 11/15/2022		173		174
Volkswagen Auto Loan Enhanced Trust, Ser 2020-1, Cl A3
0.980%, 11/20/2024		787		797
Wheels SPV 2, Ser 2020-1A, Cl A2
0.510%, 08/20/2029 (C)		1,340		1,340

				55,218


Credit Cards — 0.3%

Capital One Multi-Asset Execution Trust, Ser 2016-A2, Cl A2
0.782%, VAR ICE LIBOR USD 1 Month+0.630%, 02/15/2024		1,463		1,467
Capital One Multi-Asset Execution Trust, Ser 2016-A7, Cl A7
0.662%, VAR ICE LIBOR USD 1 Month+0.510%, 09/16/2024		1,127		1,132
Capital One Multi-Asset Execution Trust, Ser 2017-A5, Cl A5
0.732%, VAR ICE LIBOR USD 1 Month+0.580%, 07/15/2027		485		488
Capital One Multi-Asset Execution Trust, Ser 2019-A1, Cl A1
2.840%, 12/15/2024		2,135		2,210
Citibank Credit Card Issuance Trust, Ser 2017-A5, Cl A5
0.776%, VAR ICE LIBOR USD 1 Month+0.620%, 04/22/2026		1,510		1,520



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

ASSET-BACKED SECURITIES (continued)
Citibank Credit Card Issuance Trust, Ser 2017-A6, Cl A6
0.921%, VAR ICE LIBOR USD 1 Month+0.770%, 05/14/2029	$	3,045	$	3,039
Discover Card Execution Note Trust, Ser 2017-A5, Cl A5
0.752%, VAR ICE LIBOR USD 1 Month+0.600%, 12/15/2026		1,310		1,319
Discover Card Execution Note Trust, Ser 2018-A2, Cl A2
0.482%, VAR ICE LIBOR USD 1 Month+0.330%, 08/15/2025		2,405		2,409
Discover Card Execution Note Trust, Ser 2019-A1, Cl A1
3.040%, 07/15/2024		515		533

				14,117


Mortgage Related Securities — 0.3%

Aegis Asset-Backed Securities Trust, Ser 2003-3, Cl M1
1.198%, VAR ICE LIBOR USD 1 Month+1.050%, 01/25/2034		505		486
Aegis Asset-Backed Securities Trust, Ser 2005-5, Cl 2A
0.398%, VAR ICE LIBOR USD 1 Month+0.250%, 12/25/2035		394		393
Bear Stearns Asset-Backed Securities I Trust, Ser 2004-HE10, Cl M1
1.123%, VAR ICE LIBOR USD 1 Month+0.975%, 12/25/2034		352		344
Bear Stearns Asset-Backed Securities I Trust, Ser 2004-HE6, Cl M1
1.003%, VAR ICE LIBOR USD 1 Month+0.855%, 08/25/2034		2,599		2,491
Centex Home Equity, Ser 2006-A, Cl AV4
0.398%, VAR ICE LIBOR USD 1 Month+0.250%, 06/25/2036		382		382
Citifinancial Mortgage Securities, Ser 2004- 1, Cl AF4
5.070%, 04/25/2034		231		240
Citigroup Mortgage Loan Trust, Ser 2006- HE2, Cl A2D
0.388%, VAR ICE LIBOR USD 1 Month+0.240%, 08/25/2036		373		373
Citigroup Mortgage Loan Trust, Ser 2006- HE2, Cl M1
0.438%, VAR ICE LIBOR USD 1 Month+0.290%, 08/25/2036		4,960		4,893
Master Asset-Backed Securities Trust, Ser 2007-HE1, Cl A4
0.428%, VAR ICE LIBOR USD 1 Month+0.280%, 05/25/2037		5,500		4,180

SEI Institutional Managed Trust / Annual Report / September 30, 2020

143

SCHEDULE OF INVESTMENTS

September 30, 2020

Core Fixed Income Fund (Continued)



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

ASSET-BACKED SECURITIES (continued)
Morgan Stanley ABS Capital I Trust, Ser 2005-HE1, Cl M1
0.823%, VAR ICE LIBOR USD 1 Month+0.675%, 12/25/2034	$	417	$	402
New Century Home Equity Loan Trust, Ser 2003-A, Cl A
0.868%, VAR ICE LIBOR USD 1 Month+0.720%, 10/25/2033 (C)		104		100
Option One Mortgage Loan Trust, Ser 2005- 4, Cl M1
0.808%, VAR ICE LIBOR USD 1 Month+0.660%, 11/25/2035		254		254
Option One Mortgage Loan Trust, Ser 2006- 1, Cl 1A1
0.368%, VAR ICE LIBOR USD 1 Month+0.220%, 01/25/2036		1,033		1,024
Structured Asset Securities Mortgage Pass- Through Certificates, Ser 2002-AL1, Cl A2
3.450%, 02/25/2032		14		13

				15,575


Other Asset-Backed Securities — 5.4%

Academic Loan Funding Trust, Ser 2012-1A, Cl A2
1.248%, VAR ICE LIBOR USD 1 Month+1.100%, 12/27/2044 (C)		1,477		1,468
American Tower Trust, Ser 2013-13, Cl 2A
3.070%, 03/15/2048 (C)		340		347
Antares CLO, Ser 2020-1A, Cl A1
1.493%, VAR ICE LIBOR USD 3 Month+1.900%, 10/23/2031 (C)		1,400		1,400
Apidos CLO XXI, Ser 2018-21A, Cl A1R
1.202%, VAR ICE LIBOR USD 3 Month+0.930%, 07/18/2027 (C)		620		615
Applebee’s Funding, Ser 2019-1A, Cl A2I
4.194%, 06/07/2049 (C)		1,870		1,733
Babson CLO, Ser 2017-IA, Cl AR
1.072%, VAR ICE LIBOR USD 3 Month+0.800%, 01/20/2028 (C)		1,101		1,091
Barings BDC Static CLO, Ser 2019-1A, Cl A1
1.295%, VAR ICE LIBOR USD 3 Month+1.020%, 04/15/2027 (C)		380		380
BMW Floorplan Master Owner Trust, Ser 2018-1, Cl A1
3.150%, 05/15/2023 (C)		250		254
Brazos Higher Education Authority, Ser 2010- 1, Cl A2
1.450%, VAR ICE LIBOR USD 3 Month+1.200%, 02/25/2035		3,050		3,065



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

ASSET-BACKED SECURITIES (continued)
Brazos Higher Education Authority, Ser 2011- 2, Cl A3
1.245%, VAR ICE LIBOR USD 3 Month+1.000%, 10/27/2036	$	2,150	$	2,139
Chase Funding Mortgage Loan Asset-Backed Certificates, Ser 2003-6, Cl 1A5
4.996%, 11/25/2034		41		43
CIT Education Loan Trust, Ser 2007-1, Cl A
0.315%, VAR ICE LIBOR USD 3 Month+0.090%, 03/25/2042 (C)		1,138		1,071
Citicorp Residential Mortgage Trust, Ser 2007-1, Cl A5
5.204%, 03/25/2037		1,914		1,976
Citicorp Residential Mortgage Trust, Ser 2007-1, Cl M1
5.204%, 03/25/2037		1,430		1,526
CNH Equipment Trust, Ser 2020-A, Cl A3
1.160%, 06/16/2025		300		304
College Avenue Student Loans, Ser 2017-A, Cl A1
1.798%, VAR ICE LIBOR USD 1 Month+1.650%, 11/26/2046 (C)		628		630
College Avenue Student Loans, Ser 2018-A, Cl A2
4.130%, 12/26/2047 (C)		362		382
College Avenue Student Loans, Ser 2019-A, Cl A2
3.280%, 12/28/2048 (C)		1,544		1,598
Community Funding CLO, Ser 2015-1A, Cl A
5.750%, 11/01/2027 (C)		1,487		1,581
Countrywide Asset-Backed Certificates, Ser 2004-5, Cl 1A
0.648%, VAR ICE LIBOR USD 1 Month+0.500%, 10/25/2034		400		390
Countrywide Asset-Backed Certificates, Ser 2004-6, Cl 1A1
0.688%, VAR ICE LIBOR USD 1 Month+0.540%, 12/25/2034		285		273
Countrywide Asset-Backed Certificates, Ser 2007-13, Cl 2A2
0.948%, VAR ICE LIBOR USD 1 Month+0.800%, 10/25/2047		1,733		1,701
Countrywide Home Equity Loan Trust, Ser 2006-F, Cl 2A1A
0.292%, VAR ICE LIBOR USD 1 Month+0.140%, 07/15/2036		370		338
CSEMC, Ser 2020-1, Cl A
7.252%, 08/09/2024		1,317		1,277
CSMC Trust, Ser 2017-RPL1, Cl M2
3.063%, 07/25/2057 (B)(C)		1,760		1,425

144

SEI Institutional Managed Trust / Annual Report / September 30, 2020



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

ASSET-BACKED SECURITIES (continued)
CWABS Revolving Home Equity Loan Trust, Ser 2004-K, Cl 2A
0.452%, VAR ICE LIBOR USD 1 Month+0.300%, 02/15/2034	$	32	$	32
Dividend Solar Loans, Ser 2019-1, Cl A
3.670%, 08/22/2039 (C)		1,745		1,791
Dryden XXVI Senior Loan Fund, Ser 2018- 26A, Cl AR
1.175%, VAR ICE LIBOR USD 3 Month+0.900%, 04/15/2029 (C)		1,150		1,138
Educational Funding of the South, Ser 2011- 1, Cl A2
0.895%, VAR ICE LIBOR USD 3 Month+0.650%, 04/25/2035		725		720
Elmwood CLO II, Ser 2019-2A, Cl A
1.722%, VAR ICE LIBOR USD 3 Month+1.450%, 04/20/2031 (C)		1,560		1,558
First Franklin Mortgage Loan Asset-Backed Certificates, Ser 2004-FF5, Cl A3C
1.148%, VAR ICE LIBOR USD 1 Month+1.000%, 08/25/2034		382		385
First Franklin Mortgage Loan Asset-Backed Certificates, Ser 2005-FF8, Cl M1
0.883%, VAR ICE LIBOR USD 1 Month+0.735%, 09/25/2035		261		263
FNMA Grantor Trust, Ser 2017-T1, Cl A
2.898%, 06/25/2027		199		220
Ford Credit Floorplan Master Owner Trust A, Ser 2018-4, Cl A
4.060%, 11/15/2030		1,860		2,121
Ford Credit Floorplan Master Owner Trust A, Ser 2020-1, Cl A1
0.700%, 09/15/2025		3,749		3,759
Ford Credit Floorplan Master Owner Trust A, Ser 2020-2, Cl A
1.060%, 09/15/2027		3,543		3,550
Galaxy XXIX CLO, Ser 2018-29A, Cl A
1.070%, VAR ICE LIBOR USD 3 Month+0.790%, 11/15/2026 (C)		1,918		1,903
Global SC Finance, Ser 2014-1A, Cl A2
3.090%, 07/17/2029 (C)		648		657
GoldenTree Loan Opportunities IX, Ser 2018- 9A, Cl AR2
1.380%, VAR ICE LIBOR USD 3 Month+1.110%, 10/29/2029 (C)		3,000		2,992
GSAMP Trust, Ser 2003-SEA, Cl A1
0.548%, VAR ICE LIBOR USD 1 Month+0.400%, 02/25/2033		620		613
GSAMP Trust, Ser 2006-HE3, Cl A2D
0.398%, VAR ICE LIBOR USD 1 Month+0.250%, 05/25/2046		3,300		3,072



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

ASSET-BACKED SECURITIES (continued)
GSAMP Trust, Ser 2006-NC1, Cl A3
0.438%, VAR ICE LIBOR USD 1 Month+0.290%, 02/25/2036	$	1,260	$	1,251
Higher Education Funding, Ser 2014-1, Cl A
1.300%, VAR ICE LIBOR USD 3 Month+1.050%, 05/25/2034 (C)		1,573		1,570
Hilton Grand Vacations Trust, Ser 2020-AA, Cl A
2.740%, 02/25/2039 (C)		856		885
Home Partners of America Trust, Ser 2019-2, Cl A
2.703%, 10/19/2039 (C)		1,736		1,831
HPEFS Equipment Trust, Ser 2020-2A, Cl A2
0.650%, 07/22/2030 (C)		2,650		2,652
HSI Asset Securitization Trust, Ser 2006- OPT3, Cl 3A3
0.328%, VAR ICE LIBOR USD 1 Month+0.180%, 02/25/2036		143		142
HSI Asset Securitization Trust, Ser 2006- OPT4, Cl 1A1
0.318%, VAR ICE LIBOR USD 1 Month+0.170%, 03/25/2036		437		437
JFIN CLO, Ser 2017-2A, Cl A1AR
1.442%, VAR ICE LIBOR USD 3 Month+1.170%, 07/20/2026 (C)		122		121
JGWPT XXX, Ser 2013-3A, Cl A
4.080%, 01/17/2073 (C)		869		994
JGWPT XXXII, Ser 2014-2A, Cl A
3.610%, 01/17/2073 (C)		1,200		1,336
John Deere Owner Trust, Ser 2020-B, Cl A2
0.410%, 03/15/2023		3,250		3,253
Laurel Road Prime Student Loan Trust, Ser 2020-A, Cl A1FX
0.720%, 11/25/2050 (C)		445		445
LCM XIII, Ser 2019-13A, Cl ARR
1.412%, VAR ICE LIBOR USD 3 Month+1.140%, 07/19/2027 (C)		1,400		1,393
LCM XXI, Ser 2018-21A, Cl AR
1.152%, VAR ICE LIBOR USD 3 Month+0.880%, 04/20/2028 (C)		1,290		1,279
Magnetite VII, Ser 2018-7A, Cl A1R2
1.075%, VAR ICE LIBOR USD 3 Month+0.800%, 01/15/2028 (C)		1,000		990
Magnetite XXVIII, Ser 2020-28A, Cl A
1.657%, VAR ICE LIBOR USD 3 Month+1.270%, 10/25/2031 (C)		1,800		1,800
Mercedes-Benz Master Owner Trust, Ser 2019-AA, Cl A
0.502%, VAR ICE LIBOR USD 1 Month+0.350%, 05/15/2023 (C)		250		250
Mid-State Trust, Ser 2003-11, Cl A1
4.864%, 07/15/2038		1,845		1,974

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145

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September 30, 2020

Core Fixed Income Fund (Continued)



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

ASSET-BACKED SECURITIES (continued)
Mill City Mortgage Trust, Ser 2015-2, Cl A2
3.000%, 09/25/2057 (B)(C)	$	834	$	844
MMAF Equipment Finance, Ser 2020-BA, Cl A2
0.380%, 08/14/2023 (C)		660		660
MMAF Equipment Finance, Ser 2020-BA, Cl A3
0.490%, 08/14/2025 (C)		1,245		1,243
Morgan Stanley Resecuritization Trust, Ser 2015-R7, Cl 1BXA
8.015%, 02/26/2029 (B)(C)		930		927
MVW, Ser 2019-2A, Cl A
2.220%, 10/20/2038 (C)		875		893
MVW, Ser 2020-1A, Cl A
1.740%, 10/20/2037 (C)		978		988
Navient Private Education Loan Trust, Ser 2016-AA, Cl A2B
2.302%, VAR ICE LIBOR USD 1 Month+2.150%, 12/15/2045 (C)		449		457
Navient Private Education Loan Trust, Ser 2018-BA, Cl A2A
3.610%, 12/15/2059 (C)		388		403
Navient Private Education Refi Loan Trust, Ser 2018-A, Cl A2
3.190%, 02/18/2042 (C)		383		392
Navient Private Education Refi Loan Trust, Ser 2018-CA, Cl A2
3.520%, 06/16/2042 (C)		234		241
Navient Private Education Refi Loan Trust, Ser 2018-DA, Cl A2A
4.000%, 12/15/2059 (C)		1,802		1,890
Navient Private Education Refi Loan Trust, Ser 2019-A, Cl A2A
3.420%, 01/15/2043 (C)		2,031		2,127
Navient Private Education Refi Loan Trust, Ser 2019-CA, Cl A2
3.130%, 02/15/2068 (C)		1,149		1,187
Navient Private Education Refi Loan Trust, Ser 2019-D, Cl A2A
3.010%, 12/15/2059 (C)		1,761		1,845
Navient Private Education Refi Loan Trust, Ser 2019-D, Cl A2B
1.202%, VAR ICE LIBOR USD 1 Month+1.050%, 12/15/2059 (C)		782		784
Navient Private Education Refi Loan Trust, Ser 2019-FA, Cl A2
2.600%, 08/15/2068 (C)		4,709		4,874
Navient Private Education Refi Loan Trust, Ser 2019-GA, Cl A
2.400%, 10/15/2068 (C)		1,528		1,564
Navient Private Education Refi Loan Trust, Ser 2020-A, Cl A2A
2.460%, 11/15/2068 (C)		1,271		1,328



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

ASSET-BACKED SECURITIES (continued)
Navient Private Education Refi Loan Trust, Ser 2020-A, Cl A2B
1.052%, VAR ICE LIBOR USD 1 Month+0.900%, 11/15/2068 (C)	$	836	$	832
Navient Private Education Refi Loan Trust, Ser 2020-BA, Cl A1
1.800%, 01/15/2069 (C)		529		531
Navient Private Education Refi Loan Trust, Ser 2020-BA, Cl A2
2.120%, 01/15/2069 (C)		748		768
Navient Private Education Refi Loan Trust, Ser 2020-DA, Cl A
1.690%, 05/15/2069 (C)		1,285		1,301
Navient Private Education Refi Loan Trust, Ser 2020-FA, Cl A
1.220%, 07/15/2069 (C)		742		744
Navient Private Education Refi Loan Trust, Ser 2020-GA, Cl A
1.170%, 09/16/2069 (C)		3,560		3,566
Navient Student Loan Trust, Ser 2014-1, Cl A3
0.658%, VAR ICE LIBOR USD 1 Month+0.510%, 06/25/2031		2,953		2,858
Navient Student Loan Trust, Ser 2014-3, Cl A
0.768%, VAR ICE LIBOR USD 1 Month+0.620%, 03/25/2083		2,442		2,359
Navient Student Loan Trust, Ser 2014-4, Cl A
0.768%, VAR ICE LIBOR USD 1 Month+0.620%, 03/25/2083		1,665		1,604
Navient Student Loan Trust, Ser 2016-2A, Cl A3
1.648%, VAR ICE LIBOR USD 1 Month+1.500%, 06/25/2065 (C)		1,270		1,282
Navient Student Loan Trust, Ser 2016-3A, Cl A2
0.998%, VAR ICE LIBOR USD 1 Month+0.850%, 06/25/2065 (C)		53		53
Navient Student Loan Trust, Ser 2017-1A, Cl A3
1.298%, VAR ICE LIBOR USD 1 Month+1.150%, 07/26/2066 (C)		1,000		1,000
Navient Student Loan Trust, Ser 2017-3A, Cl A3
1.198%, VAR ICE LIBOR USD 1 Month+1.050%, 07/26/2066 (C)		2,900		2,901
Navient Student Loan Trust, Ser 2018-EA, Cl A2
4.000%, 12/15/2059 (C)		837		870
Navient Student Loan Trust, Ser 2019-BA, Cl A2A
3.390%, 12/15/2059 (C)		1,416		1,463
Nelnet Student Loan Trust, Ser 2004-3, Cl A5
0.425%, VAR ICE LIBOR USD 3 Month+0.180%, 10/27/2036		636		623

146

SEI Institutional Managed Trust / Annual Report / September 30, 2020



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

ASSET-BACKED SECURITIES (continued)
Nelnet Student Loan Trust, Ser 2004-4, Cl A5
0.405%, VAR ICE LIBOR USD 3 Month+0.160%, 01/25/2037	$	1,112	$	1,090
Nelnet Student Loan Trust, Ser 2005-1, Cl A5
0.355%, VAR ICE LIBOR USD 3 Month+0.110%, 10/25/2033		3,830		3,697
Nelnet Student Loan Trust, Ser 2005-2, Cl A5
0.325%, VAR ICE LIBOR USD 3 Month+0.100%, 03/23/2037		3,141		3,033
Nelnet Student Loan Trust, Ser 2005-3, Cl A5
0.345%, VAR ICE LIBOR USD 3 Month+0.120%, 12/24/2035		3,081		3,018
Nelnet Student Loan Trust, Ser 2005-4, Cl A4
0.405%, VAR ICE LIBOR USD 3 Month+0.180%, 03/22/2032		482		453
Nelnet Student Loan Trust, Ser 2007-2A, Cl A3L
0.575%, VAR ICE LIBOR USD 3 Month+0.350%, 03/25/2026 (C)		49		48
Nelnet Student Loan Trust, Ser 2014-1A, Cl A
0.718%, VAR ICE LIBOR USD 1 Month+0.570%, 09/25/2041 (C)		381		372
Nelnet Student Loan Trust, Ser 2014-2A, Cl A3
0.998%, VAR ICE LIBOR USD 1 Month+0.850%, 07/27/2037 (C)		950		925
Nelnet Student Loan Trust, Ser 2014-4A, Cl A2
1.125%, VAR ICE LIBOR USD 1 Month+0.950%, 11/25/2048 (C)		2,155		2,108
Ocean Trails CLO IV, Ser 2017-4A, Cl AR
1.154%, VAR ICE LIBOR USD 3 Month+0.900%, 08/13/2025 (C)		15		15
Octagon Investment Partners 25, Ser 2018- 1A, Cl AR
1.072%, VAR ICE LIBOR USD 3 Month+0.800%, 10/20/2026 (C)		647		643
Orange Lake Timeshare Trust, Ser 2019-A, Cl A
3.060%, 04/09/2038 (C)		915		941
Origen Manufactured Housing, Ser 2006-A, Cl A2
2.408%, 10/15/2037 (B)		1,073		1,023
Parliament Funding II ltd, Ser 2020-1A, Cl A
2.764%, VAR ICE LIBOR USD 3 Month+2.450%, 08/12/2030 (C)		825		824
PFCA Home Equity Investment Trust, Ser 2004-GP2, Cl A
3.554%, 08/25/2035 (B)(C)		1,248		1,261
RAMP Trust, Ser 2006-RZ3, Cl M1
0.498%, VAR ICE LIBOR USD 1 Month+0.350%, 08/25/2036		6,530		6,311
Rockford Tower CLO, Ser 2019-2A, Cl A
1.583%, VAR ICE LIBOR USD 3 Month+1.330%, 08/20/2032 (C)		3,150		3,143



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

ASSET-BACKED SECURITIES (continued)
SBA Small Business Investment, Ser 2018- 10B, Cl 1
3.548%, 09/10/2028	$	1,271	$	1,363
SBA Small Business Investment, Ser 2019- 10A, Cl 1
3.113%, 03/10/2029		738		788
SLC Student Loan Trust, Ser 2008-1, Cl A4A
1.850%, VAR ICE LIBOR USD 3 Month+1.600%, 12/15/2032		541		548
SLM Private Credit Student Loan Trust, Ser 2004-B, Cl A3
0.580%, VAR ICE LIBOR USD 3 Month+0.330%, 03/15/2024		559		553
SLM Private Credit Student Loan Trust, Ser 2005-A, Cl A4
0.560%, VAR ICE LIBOR USD 3 Month+0.310%, 12/15/2038		1,537		1,470
SLM Student Loan Trust, Ser 2003-1, Cl A5C
1.000%, VAR ICE LIBOR USD 3 Month+0.750%, 12/15/2032 (C)		707		656
SLM Student Loan Trust, Ser 2003-7A, Cl A5A
1.450%, VAR ICE LIBOR USD 3 Month+1.200%, 12/15/2033 (C)		2,303		2,237
SLM Student Loan Trust, Ser 2005-4, Cl A4
0.415%, VAR ICE LIBOR USD 3 Month+0.170%, 07/25/2040		3,000		2,810
SLM Student Loan Trust, Ser 2006-10, Cl A6
0.395%, VAR ICE LIBOR USD 3 Month+0.150%, 03/25/2044		1,217		1,152
SLM Student Loan Trust, Ser 2006-8, Cl A6
0.405%, VAR ICE LIBOR USD 3 Month+0.160%, 01/25/2041		2,440		2,291
SLM Student Loan Trust, Ser 2007-2, Cl A4
0.305%, VAR ICE LIBOR USD 3 Month+0.060%, 07/25/2022		1,685		1,639
SLM Student Loan Trust, Ser 2007-7, Cl B
0.995%, VAR ICE LIBOR USD 3 Month+0.750%, 10/27/2070		1,050		837
SLM Student Loan Trust, Ser 2008-2, Cl A3
0.995%, VAR ICE LIBOR USD 3 Month+0.750%, 04/25/2023		844		795
SLM Student Loan Trust, Ser 2008-2, Cl B
1.445%, VAR ICE LIBOR USD 3 Month+1.200%, 01/25/2083		685		547
SLM Student Loan Trust, Ser 2008-3, Cl B
1.445%, VAR ICE LIBOR USD 3 Month+1.200%, 04/26/2083		685		560
SLM Student Loan Trust, Ser 2008-4, Cl A4
1.895%, VAR ICE LIBOR USD 3 Month+1.650%, 07/25/2022		667		656
SLM Student Loan Trust, Ser 2008-4, Cl B
2.095%, VAR ICE LIBOR USD 3 Month+1.850%, 04/25/2073		685		594

SEI Institutional Managed Trust / Annual Report / September 30, 2020

147

SCHEDULE OF INVESTMENTS

September 30, 2020

Core Fixed Income Fund (Continued)



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

ASSET-BACKED SECURITIES (continued)
SLM Student Loan Trust, Ser 2008-5, Cl A4
1.945%, VAR ICE LIBOR USD 3 Month+1.700%, 07/25/2023	$	116	$	114
SLM Student Loan Trust, Ser 2008-5, Cl B
2.095%, VAR ICE LIBOR USD 3 Month+1.850%, 07/25/2073		685		625
SLM Student Loan Trust, Ser 2008-6, Cl A4
1.345%, VAR ICE LIBOR USD 3 Month+1.100%, 07/25/2023		3,338		3,219
SLM Student Loan Trust, Ser 2008-6, Cl B
2.095%, VAR ICE LIBOR USD 3 Month+1.850%, 07/26/2083		685		580
SLM Student Loan Trust, Ser 2008-7, Cl B
2.095%, VAR ICE LIBOR USD 3 Month+1.850%, 07/26/2083		685		606
SLM Student Loan Trust, Ser 2008-8, Cl B
2.495%, VAR ICE LIBOR USD 3 Month+2.250%, 10/25/2075		685		666
SLM Student Loan Trust, Ser 2008-9, Cl A
1.745%, VAR ICE LIBOR USD 3 Month+1.500%, 04/25/2023		1,437		1,410
SLM Student Loan Trust, Ser 2008-9, Cl B
2.495%, VAR ICE LIBOR USD 3 Month+2.250%, 10/25/2083		685		656
SLM Student Loan Trust, Ser 2009-3, Cl A
0.898%, VAR ICE LIBOR USD 1 Month+0.750%, 01/25/2045 (C)		583		570
SLM Student Loan Trust, Ser 2010-1, Cl A
0.548%, VAR ICE LIBOR USD 1 Month+0.400%, 03/25/2025		376		359
SLM Student Loan Trust, Ser 2012-1, Cl A3
1.098%, VAR ICE LIBOR USD 1 Month+0.950%, 09/25/2028		1,891		1,810
SLM Student Loan Trust, Ser 2012-2, Cl A
0.848%, VAR ICE LIBOR USD 1 Month+0.700%, 01/25/2029		1,621		1,526
SLM Student Loan Trust, Ser 2012-6, Cl A3
0.898%, VAR ICE LIBOR USD 1 Month+0.750%, 05/26/2026		353		340
SMB Private Education Loan Trust, Ser 2016- A, Cl A2A
2.700%, 05/15/2031 (C)		1,069		1,095
SMB Private Education Loan Trust, Ser 2016- B, Cl A2A
2.430%, 02/17/2032 (C)		526		539
SMB Private Education Loan Trust, Ser 2016- B, Cl A2B
1.602%, VAR ICE LIBOR USD 1 Month+1.450%, 02/17/2032 (C)		1,690		1,697
SMB Private Education Loan Trust, Ser 2016- C, Cl A2B
1.252%, VAR ICE LIBOR USD 1 Month+1.100%, 09/15/2034 (C)		549		547



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

ASSET-BACKED SECURITIES (continued)
SMB Private Education Loan Trust, Ser 2017- A, Cl A2B
1.052%, VAR ICE LIBOR USD 1 Month+0.900%, 09/15/2034 (C)	$	1,037	$	1,035
SMB Private Education Loan Trust, Ser 2018- C, Cl A2A
3.630%, 11/15/2035 (C)		628		664
SMB Private Education Loan Trust, Ser 2019- A, Cl A2A
3.440%, 07/15/2036 (C)		2,809		2,959
SMB Private Education Loan Trust, Ser 2020- BA, Cl A1A
1.290%, 07/15/2053 (C)		2,047		2,048
SMB Private Education Loan Trust, Ser 2020- PTA, Cl A2A
1.600%, 09/15/2054 (C)		3,351		3,372
SoFi Consumer Loan Program Trust, Ser 2017-4, Cl A
2.500%, 05/26/2026 (C)		542		546
SoFi Consumer Loan Program Trust, Ser 2018-2, Cl A2
3.350%, 04/26/2027 (C)		128		129
SoFi Consumer Loan Program Trust, Ser 2019-4, Cl A
2.450%, 08/25/2028 (C)		1,099		1,112
SoFi Consumer Loan Program, Ser 2017-6, Cl A2
2.820%, 11/25/2026 (C)		416		419
SoFi Professional Loan Program Trust, Ser 2020-C, Cl AFX
1.950%, 02/15/2046 (C)		1,545		1,580
SoFi Professional Loan Program, Ser 2016-D, Cl A1
1.098%, VAR ICE LIBOR USD 1 Month+0.950%, 01/25/2039 (C)		59		59
SoFi Professional Loan Program, Ser 2016-E, Cl A1
0.998%, VAR ICE LIBOR USD 1 Month+0.850%, 07/25/2039 (C)		108		108
SoFi Professional Loan Program, Ser 2017-A, Cl A1
0.848%, VAR ICE LIBOR USD 1 Month+0.700%, 03/26/2040 (C)		125		125
SoFi Professional Loan Program, Ser 2017-E, Cl A1
0.648%, VAR ICE LIBOR USD 1 Month+0.500%, 11/26/2040 (C)		74		73
SoFi Professional Loan Program, Ser 2018-A, Cl A2B
2.950%, 02/25/2042 (C)		526		543
SoFi Professional Loan Program, Ser 2020-A, Cl A2FX
2.540%, 05/15/2046 (C)		1,791		1,860

148

SEI Institutional Managed Trust / Annual Report / September 30, 2020



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

ASSET-BACKED SECURITIES (continued)
South Carolina Student Loan, Ser 2015-A, Cl A
1.648%, VAR ICE LIBOR USD 1 Month+1.500%, 01/25/2036	$	1,058	$	1,058
Stack Infrastructure Issuer, Ser 2020-1A, Cl A2
1.893%, 08/25/2045 (C)		1,355		1,364
Structured Asset Investment Loan Trust, Ser 2004-8, Cl A2
0.698%, VAR ICE LIBOR USD 1 Month+0.550%, 09/25/2034		477		453
Structured Asset Investment Loan Trust, Ser 2005-HE1, Cl M1
0.618%, VAR ICE LIBOR USD 1 Month+0.470%, 07/25/2035		184		185
Structured Asset Securities Mortgage Loan Trust, Ser 2007-WF1, Cl A1
0.358%, VAR ICE LIBOR USD 1 Month+0.210%, 02/25/2037		4,418		4,133
Symphony CLO XIX, Ser 2018-19A, Cl A
1.231%, VAR ICE LIBOR USD 3 Month+0.960%, 04/16/2031 (C)		1,700		1,687
TCI-Flatiron CLO, Ser 2019-1A, Cl AR
1.493%, VAR ICE LIBOR USD 3 Month+1.220%, 07/17/2028 (C)		1,500		1,494
Towd Point Mortgage Trust, Ser 2015-5, Cl A1B
2.750%, 05/25/2055 (B)(C)		160		162
Towd Point Mortgage Trust, Ser 2017-4, Cl A1
2.750%, 06/25/2057 (B)(C)		1,497		1,552
Towd Point Mortgage Trust, Ser 2017-5, Cl A1
0.748%, VAR ICE LIBOR USD 1 Month+0.600%, 02/25/2057 (C)		992		990
Towd Point Mortgage Trust, Ser 2019-4, Cl A1
2.900%, 10/25/2059 (B)(C)		1,422		1,506
Towd Point Mortgage Trust, Ser 2019-MH1, Cl A1
3.000%, 11/25/2058 (B)(C)		716		734
Towd Point Mortgage Trust, Ser 2020-3, Cl A1
3.088%, 02/25/2063 (B)(C)		2,070		2,189
Triton Container Finance VIII, Ser 2020-1A, Cl A
2.110%, 09/20/2045 (C)		795		799
United States Small Business Administration, Ser 2019-20D, Cl 1
2.980%, 04/01/2039		410		436
United States Small Business Administration, Ser 2019-25G, Cl 1
2.690%, 07/01/2044		386		422
Verizon Owner Trust, Ser 2017-3A, Cl A1A
2.060%, 04/20/2022 (C)		282		283
Verizon Owner Trust, Ser 2019-C, Cl A1A
1.940%, 04/22/2024		1,889		1,933



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

ASSET-BACKED SECURITIES (continued)
Verizon Owner Trust, Ser 2020-A, Cl A1A
1.850%, 07/22/2024	$	1,749	$	1,794
Wells Fargo Home Equity Asset-Backed Securities Trust, Ser 2006-2, Cl M2
0.438%, VAR ICE LIBOR USD 1 Month+0.290%, 07/25/2036		6,442		6,123
Zais CLO, Ser 2020-16A, Cl A2
2.590%, VAR ICE LIBOR USD 3 Month+2.300%, 10/20/2031 (C)		1,525		1,523

				231,998

Total Asset-Backed Securities (Cost $313,215) ($ Thousands)				316,908


SOVEREIGN DEBT — 2.6%

Abu Dhabi Government International Bond
3.875%, 04/16/2050 (C)		1,860		2,269
3.125%, 09/30/2049 (C)		1,660		1,776
2.500%, 10/11/2022 (C)		1,010		1,045
2.500%, 04/16/2025 (C)		1,859		1,973
Argentine Bonos del Tesoro
18.200%, 10/03/2021	ARS	14,180		77
Argentine Republic Government International Bond
1.000%, 07/09/2029	$	203		92
0.125%, 0.500%, 07/09/2021, 07/09/2030 (F)		1,216		511
0.125%, 1.125%, 07/09/2021, 07/09/2035 (F)		2,557		961
0.125%, 2.500%, 07/09/2021, 07/09/2041 (F)		1,460		580
Bermuda Government International Bond
3.375%, 08/20/2050 (C)		379		389
Brazil Notas do Tesouro Nacional, Ser F
10.000%, 01/01/2021	BRL	23,399		4,230
10.000%, 01/01/2023		3,994		787
10.000%, 01/01/2027		571		115
Brazilian Government International Bond
5.625%, 01/07/2041	$	1,120		1,213
5.000%, 01/27/2045		3,400		3,425
4.625%, 01/13/2028		2,460		2,667
2.625%, 01/05/2023		200		206
China Government Bond
3.390%, 05/21/2025	CNY	2,000		302
3.310%, 11/30/2025		11,500		1,738
Colombia Government International Bond
5.625%, 02/26/2044	$	460		572
5.000%, 06/15/2045		830		967
3.125%, 04/15/2031		214		220
Egypt Government International Bond
5.577%, 02/21/2023 (C)		410		421

SEI Institutional Managed Trust / Annual Report / September 30, 2020

149

SCHEDULE OF INVESTMENTS

September 30, 2020

Core Fixed Income Fund (Continued)



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

SOVEREIGN DEBT (continued)
Export-Import Bank of India
3.375%, 08/05/2026 (C)	$	350	$	369
Indonesia Government International Bond
5.875%, 01/15/2024 (C)		840		966
5.250%, 01/08/2047 (C)		400		518
5.125%, 01/15/2045 (C)		400		502
4.450%, 04/15/2070		574		680
4.350%, 01/11/2048		460		530
3.850%, 07/18/2027 (C)		800		899
3.750%, 04/25/2022 (C)		740		770
3.700%, 10/30/2049		1,220		1,306
3.500%, 01/11/2028		400		437
Israel Government International Bond
4.500%, 04/03/2120		340		466
3.875%, 07/03/2050		260		312
2.750%, 07/03/2030		2,150		2,372
Italy Buoni Poliennali Del Tesoro
2.300%, 10/15/2021	EUR	12,390		14,919
Japan Bank for International Cooperation
1.750%, 10/17/2024	$	950		996
Japan Finance Organization for Municipalities
4.000%, 01/13/2021 (D)		1,800		1,818
Kenya Government International Bond
7.250%, 02/28/2028 (C)		200		197
6.875%, 06/24/2024		200		203
Kreditanstalt fuer Wiederaufbau MTN
1.000%, 10/12/2021	NOK	5,940		639
Kuwait International Government Bond
3.500%, 03/20/2027 (C)	$	930		1,046
Mexico Government International Bond
6.050%, 01/11/2040		1,210		1,514
5.000%, 04/27/2051		449		503
4.750%, 03/08/2044		9,622		10,493
4.600%, 02/10/2048		337		359
4.500%, 04/22/2029		1,445		1,621
3.900%, 04/27/2025		836		914
3.750%, 01/11/2028		390		420
3.600%, 01/30/2025		3,300		3,553
3.250%, 04/16/2030		837		857
Nigeria Government International Bond
7.143%, 02/23/2030 (C)		240		228
6.500%, 11/28/2027 (C)		220		209
Panama Government International Bond
4.500%, 04/01/2056		540		676
3.870%, 07/23/2060		541		619
2.252%, 09/29/2032		756		762
Paraguay Government International Bond
5.400%, 03/30/2050 (C)		664		805
4.950%, 04/28/2031 (C)		575		662
Peruvian Government International Bond
5.625%, 11/18/2050		600		956



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

SOVEREIGN DEBT (continued)
2.783%, 01/23/2031	$	850	$	918
2.392%, 01/23/2026		529		555
Province of Quebec Canada
2.625%, 02/13/2023		620		653
Provincia de Buenos Aires
9.125%, 03/16/2024 (C)(G)		230		91
7.875%, 06/15/2027 (C)(G)		250		98
6.500%, 02/15/2023 (C)(G)		300		117
Qatar Government International Bond
4.817%, 03/14/2049 (C)		1,440		1,939
4.400%, 04/16/2050 (C)		1,500		1,930
4.000%, 03/14/2029 (C)		880		1,028
3.875%, 04/23/2023		430		461
3.400%, 04/16/2025 (C)		1,298		1,423
3.250%, 06/02/2026		200		220
Republic of Poland Government International Bond
5.000%, 03/23/2022		100		107
4.000%, 01/22/2024		1,227		1,366
Russian Federal Bond - OFZ
8.150%, 02/03/2027	RUB	315,940		4,595
7.700%, 03/16/2039		162,070		2,379
7.650%, 04/10/2030		63,630		907
7.250%, 05/10/2034		24,200		337
7.000%, 01/25/2023		34,160		461
7.000%, 08/16/2023		231,430		3,148
6.900%, 05/23/2029		374,900		5,085
Russian Foreign Bond - Eurobond
7.500%, 03/31/2030	$	458		530
5.625%, 04/04/2042		1,800		2,405
4.875%, 09/16/2023		200		219
Saudi Government International Bond MTN
2.875%, 03/04/2023 (C)		360		376
State of Israel
3.375%, 01/15/2050		360		399


Total Sovereign Debt (Cost $111,263) ($ Thousands)				113,379


LOAN PARTICIPATIONS — 1.2%
1011778 B.C. Unlimited Liability Company (New Red Finance, Inc.) (aka Burger King/ Tim Hortons), Term B-4 Loan, 1st Lien
1.897%, VAR LIBOR+1.750%, 11/19/2026		1,462		1,399
Allied Universal Holdco LLC (f/k/a USAGM Holdco, LLC), Initial Term Loan, 1st Lien
4.397%, VAR LIBOR+4.250%, 07/10/2026		977		965

150

SEI Institutional Managed Trust / Annual Report / September 30, 2020



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

LOAN PARTICIPATIONS (continued)
Alterra Mountain Company, Initial Bluebird Term Loan, 1st Lien
2.897%, VAR LIBOR+2.750%, 07/31/2024	$	570	$	548
AmWINS Group, Term Loan B, 1st Lien
3.750%, VAR LIBOR+2.750%, 01/25/2024		30		30
APi Group DE, Inc., Initial Term Loan, 1st Lien
2.647%, VAR LIBOR+2.500%, 10/01/2026		556		544
Aramark Intermediate HoldCo Corp., Term Loan B, 1st Lien
1.897%, VAR LIBOR+1.750%, 03/11/2025		274		261
Aramark Services B4 Cov-LiteLien1
1.897%, 01/15/2027		134		128
Asurion, LLC (fka Asurion Corporation), Amendment No. 14 Replacement B-4 Term Loan, 1st Lien
3.147%, VAR LIBOR+3.000%, 08/04/2022		723		714
Asurion, LLC (fka Asurion Corporation), New B-7 Term Loan, 1st Lien
3.147%, VAR LIBOR+3.000%, 11/03/2024		571		560
athenahealth, Inc., Term B Loan, 1st Lien
4.750%, VAR LIBOR+4.500%, 02/11/2026		1,719		1,689
Atlantic Aviation FBO, Term Loan B, 1st Lien
3.900%, 12/06/2025		157		153
Bausch Health Companies Inc., Initial Term Loan, 1st Lien
3.151%, VAR LIBOR+3.000%, 06/02/2025		364		357
Bausch Health Companies Inc., Term Loan, 1st Lien
2.901%, 11/27/2025		420		409
Berry Global, Inc. (fka Berry Plastics Corporation), Term W Loan, 1st Lien
2.156%, VAR LIBOR+2.000%, 10/01/2022		660		654
BJ’s Wholesale Club, Term Loan B, 1st Lien
2.145%, VAR LIBOR+2.000%, 02/03/2024		180		177
Boeing Company, Term Loan, 1st Loan
1.520%, 02/07/2022 (H)		651		629
1.500%, 02/07/2022		499		481
Brightview Landscapes LLC, Initial Term Loan, 1st Lien
2.688%, 08/15/2025		156		154



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

LOAN PARTICIPATIONS (continued)
Brookfield WEC Holdings Inc., Initial Term Loan (2020), 1st Lien
3.750%, VAR LIBOR+3.000%, 08/01/2025	$	9	$	9
Caesars Resort Collection, LLC, Term B Loan, 1st Lien
2.897%, VAR LIBOR+2.750%, 12/23/2024		659		615
Caesars Resort Collection, LLC, Term B-1 Loan, 1st Lien
4.772%, VAR LIBOR+4.500%, 07/21/2025		207		200
4.647%, VAR LIBOR+4.500%, 07/21/2025		413		399
Change Healthcare Holdings, Inc. (fka Emdeon Inc.), Closing Date Term Loan, 1st Lien
3.500%, VAR LIBOR+2.500%, 03/01/2024		1,482		1,449
Charter Communications Operating Llc Lien1
1.900%, 04/30/2025		1,193		1,171
Citadel Securities LP, 2020 Repriced Term Loan, 1st Lien
2.897%, VAR LIBOR+2.750%, 02/27/2026		493		489
CityCenter Holdings, LLC , Term B Loan, 1st Lien
3.000%, VAR LIBOR+2.250%, 04/18/2024		65		62
Clarios Global LP, Initial Dollar Term Loan, 1st Lien
3.647%, VAR LIBOR+3.500%, 04/30/2026		673		655
CSC Holdings, LLC
2.652%, VAR LIBOR+2.500%, 04/15/2027		219		212
DCert Buyer, Inc., Initial Term Loan, 1st Lien
4.147%, VAR LIBOR+4.000%, 10/16/2026		1,164		1,148
Deerfield Dakota Holding, LLC , Initial Dollar Term Loan, 1st Lien
4.750%, VAR LIBOR+3.750%, 04/09/2027		978		970
Dell International L.L.C. (EMC Corporation), Refinancing Term B-1 Loan, 1st Lien
2.750%, 09/19/2025		837		833
Delta Air Lines, Inc., Term Loan, 1st Lien
5.750%, VAR LIBOR+4.750%, 04/29/2023 (H)		1,038		1,035
Diamond Sports Group, LLC, Term Loan, 1st Lien
3.400%, 08/24/2026		39		30

SEI Institutional Managed Trust / Annual Report / September 30, 2020

151

SCHEDULE OF INVESTMENTS

September 30, 2020

Core Fixed Income Fund (Continued)



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

LOAN PARTICIPATIONS (continued)
Edelman Financial Center, LLC, The (fka Flight Debt Merger Sub Inc.), Initial Term Loan, 1st Lien
3.152%, VAR LIBOR+3.000%, 07/21/2025	$	413	$	398
Elanco Animal Health Incorporated, Term Loan, 1st Lien
1.905%, VAR LIBOR+1.750%, 08/01/2027		1,025		996
Entercom Media Corp., Term B-2 Loan, 1st Lien
2.645%, VAR LIBOR+2.500%, 11/18/2024		28		27
EyeCare Partners, LLC, Term Loan, 1st Lien
3.897%, VAR LIBOR+3.750%, 02/18/2027		250		235
First Eagle Holdings, Term Loan
2.720%, 02/01/2027		305		297
Flutter Entertainment plc, USD Term Loan, 1st Lien
3.720%, VAR LIBOR+3.500%, 07/10/2025		25		25
Focus Financial Partnersm LLC, Tranche B-3, Term Loan, 1st Lien
2.147%, VAR LIBOR+2.000%, 07/03/2024		603		585
Formula One Management Limited, Facility B3 (USD), 1st Lien
3.500%, VAR LIBOR+2.500%, 02/01/2024		50		49
Fortress Investment, Term Loan B (2018)
2.648%, 06/27/2025 (H)		70		70
Four Seasons Holdings Inc., Term Loan 2013, 1st Lien
2.147%, 11/30/2023 (H)		452		439
Froneri International Limited, Facility B2, 1st Lien
2.397%, VAR LIBOR+2.250%, 01/29/2027		439		421
Garda World Security Corporation, Initial Term Loan, 1st Lien
4.900%, VAR LIBOR+4.750%, 10/30/2026		268		266
Genesee & Wyoming Inc., Initial Term Loan, 1st Lien
2.220%, VAR LIBOR+2.000%, 12/30/2026		1,005		988
GFL Environmental Inc., Effective Date Incremental Term Loan, 1st Lien
4.000%, VAR LIBOR+3.000%, 05/30/2025		101		100
4.000%, VAR LIBOR+3.000%, 05/30/2025		18		18



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

LOAN PARTICIPATIONS (continued)
Global Medical Response, Inc., 2018 Term Loan Retired 10/02/2020, 1st Lien
4.250%, VAR LIBOR+3.250%, 04/28/2022	$	464	$	462
Global Medical Response, Inc., 2020 Refinancing Term Loan
5.750%, VAR LIBOR+4.750%, 09/24/2025 (H)		260		254
Go Daddy Operating Company LLC, Term Loan B, 1st Lien
1.897%, 02/15/2024 (B)		80		78
Golden Nugget, Inc., Initial B Term Loan, 1st Lien
3.250%, VAR LIBOR+2.750%, 10/04/2023		372		331
Grifols Worldwide Operations Limited, Dollar Tranche B Term Loan, 1st Lien
2.100%, VAR LIBOR+2.000%, 11/15/2027		1,331		1,302
HCA Inc.
1.897%, 03/13/2025		241		240
Hilton Worldwide Finance LLC, Refinanced Series B-2 Term Loan, 1st Lien
1.898%, VAR LIBOR+1.750%, 06/22/2026		1,348		1,299
iHeartCommunications, Inc. (fka Clear Channel Communications, Inc.), New Term Loan, 1st Lien
3.147%, VAR LIBOR+3.000%, 05/01/2026		441		417
Jaguar Holding Company I, LLC (fka Jaguar Holding Company I), 2018 Term Loan, 1st Lien
3.500%, VAR LIBOR+2.500%, 08/18/2022		735		731
Jane Street Group, LLC, New Dollar Term Loan, 1st Lien
3.147%, VAR LIBOR+3.000%, 01/31/2025		532		527
Level 3 Financing, Inc., Tranche B 2027 Term Loan, 1st Lien
1.897%, VAR LIBOR+1.750%, 03/01/2027		842		815
McAfee, LLC, Term B USD Loan
3.896%, VAR LIBOR+3.750%, 09/30/2024		1,314		1,302
Michaels Stores, Inc., 2018 New Replacement Term B Loan, 1st Lien
4.250%, VAR LIBOR+2.500%, 01/30/2023		426		424

152

SEI Institutional Managed Trust / Annual Report / September 30, 2020



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

LOAN PARTICIPATIONS (continued)
Michaels Stores, Inc., 2020 Refinancing Term B Loan
4.250%, VAR LIBOR+3.500%, 09/17/2027 (H)	$	230	$	224
Micro Focus, MA FinanceCo
2.647%, 06/21/2024 (B)		12		11
MPH Acquisition Holdings LLC, Initial Term Loan, 1st Lien
3.750%, VAR LIBOR+2.750%, 06/07/2023		1,111		1,092
Nexstar Broadcasting, Inc., Term B-4 Loan, 1st Lien
2.905%, VAR LIBOR+2.750%, 09/18/2026		1,485		1,450
Numericable U.S. LLC, Term Loan B, 1st Lien
3.840%, 01/31/2026 (B)		215		207
Option Care Health, Inc., Term B Loan, 1st Lien
4.647%, VAR LIBOR+4.500%, 08/06/2026		536		530
Party City Holdings Inc., 2018 Replacement Term Loan, 1st Lien
3.250%, VAR LIBOR+2.500%, 08/19/2022		147		119
PCI Gaming Authority, Term B Facility Loan
2.647%, 05/29/2026		465		451
Phoenix Guarantor Inc., Tranche B-1 Term Loan, 1st Lien
3.401%, VAR LIBOR+3.250%, 03/05/2026		1,312		1,275
Prime Security Services Borrower, LLC (aka Protection 1 Security Solutions) , 2019 Refinancing Term B-1 Loan, 1st Lien
4.250%, VAR LIBOR+3.250%, 09/23/2026		1,042		1,031
Realogy Group LLC (fka Realogy Corporation), Extended 2025 Term Loan, 1st Lien
3.000%, VAR LIBOR+2.250%, 02/08/2025		70		67
Regionalcare Hospital Partners Holdings, Inc., Term B Loan, 1st Lien
3.897%, VAR LIBOR+3.750%, 11/16/2025		1,304		1,265
Reynolds Consumer Products LLC, Initial Term Loan, 1st Lien
1.897%, VAR LIBOR+1.750%, 02/04/2027		1,156		1,140
Scientific Games International, Inc., Initial Term B-5 Loan, 1st Lien
3.612%, VAR LIBOR+2.750%, 08/14/2024		841		790



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

LOAN PARTICIPATIONS (continued)
2.897%, VAR LIBOR+2.750%, 08/14/2024	$	206	$	193
Seattle SpinCo, Inc., Initial Term Loan, 1st Lien
2.647%, VAR LIBOR+2.500%, 06/21/2024		79		75
Sotera Health Holdings, LLC, Initial Term Loan, 1st Lien
5.500%, VAR LIBOR+4.500%, 12/11/2026		1,403		1,396
Terrier Media Buyer, Inc., Term B Loan, 1st Lien
4.397%, VAR LIBOR+4.250%, 12/17/2026		685		667
TKC Holdings, Inc. Term Loan B
4.750%, VAR LIBOR+3.750%, 02/01/2023		1,211		1,134
T-Mobile USA, Inc., Term Loan, 1st Lien
3.147%, VAR LIBOR+3.000%, 04/01/2027		838		837
Trans Union LLC, 2019 Replacement Term B-5 Loan, 1st Lien
1.897%, 11/16/2026		414		403
UFC Holdings, LLC, Term B-1 Loan, 1st Lien
4.250%, VAR LIBOR+3.250%, 04/29/2026		858		842
Univision Communications Inc., 2020 Replacement First-Lien Term Loan, 1st Lien
4.750%, VAR LIBOR+3.750%, 03/15/2026		1,062		1,031
US Foods, Inc. (aka U.S. Foodservice, Inc.), Initial Term Loan, 1st Lien 1.897%, 06/27/2023 (B)		328		315
US Foods, Inc., Term Loan
2.147%, 09/13/2026		328		313
VFH Parent LLC, Initial Term Loan, 1st Lien
3.151%, VAR LIBOR+3.000%, 03/01/2026		277		275
VICI Properties 1 LLC, Term B Loan, 1st Lien
1.906%, VAR LIBOR+1.750%, 12/20/2024		625		603
Virgin Media Bristol LLC, N Facility, Term Loan, 1st Lien
2.652%, VAR LIBOR+2.500%, 01/31/2028		1,257		1,218
Western Digital Corporation, Term Loan B-4
1.906%, VAR LIBOR+1.750%, 04/29/2023		264		261

SEI Institutional Managed Trust / Annual Report / September 30, 2020

153

SCHEDULE OF INVESTMENTS

September 30, 2020

Core Fixed Income Fund (Continued)



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

LOAN PARTICIPATIONS (continued)
Wynn Resorts, Term Loan, 1st Lien
1.900%, 09/20/2024	$	1,368	$	1,286


Total Loan Participations (Cost $53,924) ($ Thousands)				52,726


MUNICIPAL BONDS — 0.4%
California — 0.1%
Los Angeles, Community College District, GO
6.750%, 08/01/2049		353		631
University of California, Ser N, RB Callable 11/15/2059 @ 100
3.256%, 05/15/2060		3,750		4,090


				4,721


Georgia — 0.1%
Georgia State, Municipal Electric Authority, RB
7.055%, 04/01/2057		1,075		1,582


Massachusetts — 0.1%
Massachusetts, Ser C, GO Callable 03/01/2030 @ 100
3.000%, 03/01/2049		2,025		2,163


Missouri — 0.0%
Missouri State, Health & Educational Facilities Authority, RB Callable 11/15/2049 @ 100
3.229%, 05/15/2050		430		486
Missouri State, Health & Educational Facilities Authority, RB Callable 02/15/2057 @ 100
3.652%, 08/15/2057		555		684


				1,170


Nevada — 0.0%
Clark County, Department of Aviation, Ser C, RB
6.820%, 07/01/2045		728		1,201


New York — 0.1%
Metropolitan New York, Transportation Authority, Ser C2, RB
5.175%, 11/15/2049		725		792
New York and New Jersey, Port Authority, RB
4.458%, 10/01/2062		505		646
New York City, GO Callable 12/01/2020 @ 100
6.646%, 12/01/2031		900		909



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	$	384
New York State, Dormitory Authority, RB
5.289%, 03/15/2033		850		1,086
New York State, Dormitory Authority, Ser A, RB
Callable 07/01/2030 @ 100 4.000%, 07/01/2050		1,215		1,356


				5,173


Ohio — 0.0%
Ohio State University, Ser A, RB
4.800%, 06/01/2111		433		634


Texas — 0.0%
North Texas, Tollway Authority, Ser B, RB
6.718%, 01/01/2049		632		1,089
University of Texas, Ser B, RB
Callable 02/15/2049 @ 100 2.439%, 08/15/2049		295		299


				1,388


Virginia — 0.0%
University of Virginia, RB
Callable 03/01/2050 @ 100 2.256%, 09/01/2050		725		715


Total Municipal Bonds (Cost $16,200) ($ Thousands)				18,747


U.S. GOVERNMENT AGENCY OBLIGATIONS — 0.3%
FHLMC
1.421%, 07/15/2032 (A)		475		403
FNMA
0.875%, 08/05/2030		2,235		2,207
0.500%, 06/17/2025		4,215		4,234
Resolution Funding Interest
1.319%, 01/15/2030 (A)		905		814
Resolution Funding Principal
1.355%, 01/15/2030 (A)		440		396
1.303%, 04/15/2030 (A)		1,165		1,040
Tennessee Valley Authority
3.875%, 02/15/2021		1,510		1,531
0.750%, 05/15/2025		1,055		1,074


Total U.S. Government Agency Obligations (Cost $11,603) ($ Thousands)				11,699

154

SEI Institutional Managed Trust / Annual Report / September 30, 2020



Description	Shares			Market Value ($ Thousands)

AFFILIATED PARTNERSHIP — 0.2%
SEI Liquidity Fund, L.P.
0.100% **^†(I)		7,435,971		$	7,459


Total Affiliated Partnership (Cost $7,424) ($ Thousands)					7,459


CASH EQUIVALENT — 4.3%
SEI Daily Income Trust, Government Fund, Cl F
0.010%**^†		185,393,541			185,394


Total Cash Equivalent (Cost $185,394) ($ Thousands)					185,394


Total Investments in Securities — 109.4% (Cost $4,579,814) ($ Thousands)				$	4,725,316


		Contracts

*PURCHASED OPTION — 0.0%**

Total Purchased Option (J) (Cost $254) ($ Thousands)		669		$	115


*WRITTEN OPTION — (0.0)%**

Total Written Option (J) (Premiums Received $225) ($ Thousands)		(223	)	$	(139	)

SEI Institutional Managed Trust / Annual Report / September 30, 2020

155

SCHEDULE OF INVESTMENTS

September 30, 2020

Core Fixed Income Fund (Continued)

A list of the exchange traded option contracts held by the Fund at September 30, 2020, is as follows:



Description	Number of Contracts			Notional Amount^†(Thousands)		Exercise Price		Expiration Date		Value (Thousands)

PURCHASED OPTION — 0.0%

Call Options
October 2020, U.S. Long Treasury Bond*		669			$ 254		$179.00		10/17/2020		$ 115


Total Purchased Option					$ 254						$ 115

WRITTEN OPTION — (0.0)%

Call Options
October 2020, U.S. Long Treasury Bond*		(223	)		$ (225)		177.00		10/17/20		$ (139)


Total Written Option					$ (225)						$ (139)

^† Represents cost.

A list of the open futures contracts held by the Fund at September 30, 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$		(824	)		Mar-2021	$	(205,355	)	$	(205,598	)	$	(243	)
90-Day Euro$		(722	)		Dec-2021		(178,966	)		(180,121	)		(1,155	)
Euro-BTP		310			Dec-2020		53,424			53,648			1,107
Euro-Bund		(487	)		Dec-2020		(100,096	)		(99,665	)		(891	)
Euro-Buxl		(5	)		Dec-2020		(1,287	)		(1,306	)		(39	)
Euro-OAT		70			Dec-2020		13,908			13,836			205
Long Gilt 10-Year Bond		(82	)		Jan-2021		(14,605	)		(14,429	)		18
U.S. 5-Year Treasury Note		233			Jan-2021		29,324			29,365			41
U.S. 10-Year Treasury Note		562			Dec-2020		78,213			78,417			204
U.S. Long Treasury Bond		389			Dec-2020		68,810			68,573			(237	)
U.S. Long Treasury Bond		(213	)		Dec-2020		(37,852	)		(37,548	)		304
U.S. Ultra Long Treasury Bond		402			Dec-2020		90,320			89,169			(1,151	)
U.S. Ultra Long Treasury Bond		61			Dec-2020		13,529			13,531			2
Ultra 10-Year U.S. Treasury Note		(182	)		Dec-2020		(29,178	)		(29,106	)		72
Ultra 10-Year U.S. Treasury Note		(183	)		Dec-2020		(29,207	)		(29,266	)		(59	)

						$	(249,018	)	$	(250,500	)	$	(1,822	)

A list of the open forward foreign currency contracts held by the Fund at September 30, 2020, is as follows:



Counterparty	Settlement Date			Currency to Deliver (Thousands)			Currency to Receive (Thousands)		Unrealized Appreciation (Depreciation) (Thousands)
BNP Paribas		10/16/20	CNH		14,971	USD		2,122	$	(81	)
BNP Paribas		10/16/20	USD		19,076	CAD		26,110		473
BNP Paribas		10/16/20	USD		19,305	EUR		16,658		234
BNP Paribas		10/16/20	USD		8,589	EUR		7,304		(22	)
BNP Paribas		10/16/20	EUR		53,920	USD		60,886		(2,360	)
Citigroup		10/16/20	USD		2,188	GBP		1,753		78

156

SEI Institutional Managed Trust / Annual Report / September 30, 2020



Counterparty	Settlement Date			Currency to Deliver (Thousands)			Currency to Receive (Thousands)		Unrealized Appreciation (Depreciation) (Thousands)
Citigroup		10/16/20	USD		2,463	AUD		3,563	$	91
Citigroup		10/16/20	USD		907	EUR		800		32
Citigroup		10/16/20	USD		1,955	EUR		1,650		(19	)
Citigroup		10/16/20	USD		14,742	IDR		216,529,634		(200	)
Goldman Sachs		10/16/20	USD		3,534	RUB		279,888		68
Goldman Sachs		10/16/20	USD		4,217	BRL		22,659		(198	)
Goldman Sachs		10/16/20 - 01/19/21	USD		6,422	JPY		677,266		3
Goldman Sachs		10/16/20	USD		11,619	CAD		15,786		200
Goldman Sachs		10/16/20	JPY		338,633	USD		3,209		(1	)
Goldman Sachs		10/16/20	RUB		279,888	USD		3,865		264
Goldman Sachs		01/19/21	RUB		279,888	USD		3,498		(64	)
JPMorgan Chase Bank		08/01/07	USD		–	ZAR		5,189,635		—
Morgan Stanley		10/16/20	USD		1,339	COP		5,189,635		6
Morgan Stanley		10/16/20	COP		5,189,635	USD		1,386		40
Morgan Stanley		01/19/21	COP		5,189,635	USD		1,332		(8	)

									$	(1,464	)

A list of the open centrally cleared swap agreements held by the Fund at September 30, 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)
0.19%	USD LIBOR BBA		Semi-Annual		06/15/2022		USD		40,784	$	(15)	$	–	$	(15)
0.45%	3-MONTH USD LIBOR BBA		Quarterly		05/15/2027		USD		16,368		30		(38)		68
USD FEDL01	0.26%		Annual		05/15/2027		USD		37,002		38		(120)		158
0.56%	USD-SOFRRATE		Annual		07/20/2045		USD		8,660		592		110		482
USD-SOFRRATE	0.74%		Annual		08/19/2045		USD		5,670		153		–		153
1.00%	USD-LIBOR-BBA		Quarterly		02/15/2047		USD		12,509		382		151		231
0.9%	USD LIBOR BBA		Quarterly		03/17/2050		USD		3,996		242		5		237
.7918%	LIBOR-BBA		Quarterly		03/18/2050		USD		2,014		179		–		179
0.8101%	USD LIBOR BBA		Quarterly		03/19/2050		USD		2,029		166		–		166
0.885%	US LIBOR BBA		Quarterly		07/13/2050		USD		2,008		131		–		131

										$	1,898	$	108	$	1,790



Credit Default Swaps



Reference Entity/Obligation	Buy/Sell Protection	(Pays)/ Receives Rate	Payment Frequency	Termination Date		Notional Amount (Thousands)		Value (Thousands)			Upfront Payments/ Receipts (Thousands)			Net Unrealized Appreciation (Depreciation) (Thousands)
CDX.NA.HY.35	Sell	5.00%	Quarterly		12/20/2025		(20,230)		$	755		$	841		$	(86)
CDX.NA.IG.34	Sell	5.00%	Quarterly		06/20/2025		(5,308)			319			(30)			349
CDX.NA.IG.34	Sell	1.00%	Quarterly		06/20/2025		(122,520)			837			(212)			1,049

									$	1,911		$	599		$	1,312

Percentages are based on Net Assets of $4,319,207 ($ Thousands).

*	Non-income producing security.

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

SEI Institutional Managed Trust / Annual Report / September 30, 2020

157

SCHEDULE OF INVESTMENTS

September 30, 2020

Core Fixed Income Fund (Concluded)

(C)

Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration normally to qualified institutions. On September 30, 2020, the value of these securities amounted to $591,321
($ Thousands), representing 13.7% of the Net Assets of the Fund.

(D)	Certain securities or partial positions of certain securities are on loan at September 30, 2020 (See Note 10). The total market value of securities on loan at September 30, 2020 was $7,567 ($ 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)	Security is in default on interest payment.

(H)	Unsettled bank loan. Interest rate may not be available.

(I)	This security was purchased with cash collateral held from securities on loan (see Note 10). The total market value of such securities as of September 30, 2020 was $7,459 ($ Thousands).

(J)	Refer to table below for details on Options Contracts.

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

(L)	Security, or portion thereof, has been pledged as collateral on open swaps contracts

ABS — Asset-Backed Security

ACES — Alternative Credit Enhancement Structure

ARM — Adjustable Rate Mortgage

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 Offshore

COP — Colombian Peso

DAC — Designated Activity Company

EUR — Euro

FHLMC — Federal Home Loan Mortgage Corporation

FNMA — Federal National Mortgage Association

FREMF— Freddie Mac Multi-Family

FRESB — Freddie Mac Small Balance Mortgage Trust

GBP — British Pound Sterling

GNMA — Government National Mortgage Association

GO — General Obligation

ICE— Intercontinental Exchange

IDR — Indonesian Rupiah

IO — Interest Only — face amount represents notional amount.

JPY — Japanese Yen

JSC — Joint-Stock Company

LIBOR— London Interbank Offered Rate

LLC — Limited Liability Company

L.P. — Limited Partnership

Ltd. — Limited

MTN — Medium Term Note

NCUA — National Credit Union Association

PLC — Public Limited Company

PO — Principal Only

Pty — Proprietary

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

USD — U.S. Dollar

VAR — Variable Rate

ZAR — South African Rand

The following is a list of the level of inputs used as of September 30, 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		–			1,503,804			–		1,503,804
Corporate Obligations		–			1,475,817			–		1,475,817
U.S. Treasury Obligations		–			1,039,383			–		1,039,383
Asset-Backed Securities		–			316,908			–		316,908
Sovereign Debt		–			113,379			–		113,379
Loan Participations		–			52,726			–		52,726
Municipal Bonds		–			18,747			–		18,747
U.S. Government Agency Obligations		–			11,699			–		11,699
Affiliated Partnership		–			7,459			–		7,459
Cash Equivalent		185,394			–			–		185,394


Total Investments in Securities		185,394			4,539,922			–		4,725,316



Other Financial Instruments	Level 1 ($)			Level 2 ($)			Level 3 ($)		Total ($)
Purchased Options		115			–			–		115
Written Options		(139	)		–			–		(139	)
Futures Contracts*
Unrealized Appreciation		1,953			–			–		1,953
Unrealized Depreciation		(3,775	)		–			–		(3,775	)
Forwards Contracts*
Unrealized Appreciation		–			1,489			–		1,489
Unrealized Depreciation		–			(2,953	)		–		(2,953	)
Centrally Cleared Swaps
Interest Rate Swaps*
Unrealized Appreciation		–			1,805			–		1,805
Unrealized Depreciation		–			(15	)		–		(15	)
Credit Default Swaps*
Unrealized Appreciation		–			1,398			–		1,398
Unrealized Depreciation		–			(86	)		–		(86	)


Total Other Financial Instruments		(1,846	)		1,638			–		(208	)

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

For the year ended September 30, 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.

158

SEI Institutional Managed Trust / Annual Report / September 30, 2020

The following is a summary of the Fund’s transactions with affiliates for the year ended September 30, 2020 ($ Thousands):



Security Description	Value 9/30/2019	Purchases at Cost	Proceeds from Sales	Realized Gain/ (Loss)	Change in Unrealized Appreciation/ (Depreciation)	Value 9/30/2020	Shares	Income	Capital Gains
SEI Liquidity Fund, L.P.	$91,034	$1,013,245	$(1,096,898)	$50	$28	$7,459	7,435,971	$236	$—
SEI Daily Income Trust, Government Fund, Cl F	109,509	2,905,345	(2,829,460)	—	—	185,394	185,393,541	968	—

Totals	$200,543	$3,918,590	$(3,926,358)	$50	$28	$192,853		$1,204	$—

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 / Annual Report / September 30, 2020

159

SCHEDULE OF INVESTMENTS

September 30, 2020

High Yield Bond Fund

LOGO

^†Percentages are based on total investments.



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

CORPORATE OBLIGATIONS — 78.2%

Communication Services — 9.1%
Altice France
8.125%, 02/01/2027 (A)	$	1,096	$	1,195
7.375%, 05/01/2026 (A)		3,221		3,375
Altice France Holding
10.500%, 05/15/2027 (A)		490		545
6.000%, 02/15/2028 (A)		3,484		3,323
AMC Entertainment Holdings
12.000%, 06/15/2026 (A)		106		30
10.500%, 04/15/2025 (A)		1,515		1,129
10.500%, 04/24/2026 (A)		38		27
6.125%, 05/15/2027		420		84
5.750%, 06/15/2025		230		51
ANGI Group
3.875%, 08/15/2028 (A)		822		814
C&W Senior Financing Designated Activity
6.875%, 09/15/2027 (A)		500		519
CB Escrow
8.000%, 10/15/2025 (A)		376		397
CCO Holdings
5.875%, 05/01/2027 (A)		280		294
5.750%, 02/15/2026 (A)		3,120		3,245
5.500%, 05/01/2026 (A)		792		823
5.375%, 05/01/2025 (A)		155		159
5.375%, 06/01/2029 (A)		675		732
5.125%, 05/01/2027 (A)		823		866
5.000%, 02/01/2028 (A)		1,375		1,444
4.750%, 03/01/2030 (A)		300		318
4.500%, 08/15/2030 (A)		459		482
4.250%, 02/01/2031 (A)		2,288		2,371



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

CORPORATE OBLIGATIONS (continued)
CenturyLink
7.500%, 04/01/2024	$	1,275	$	1,427
6.875%, 01/15/2028		395		443
5.125%, 12/15/2026 (A)		2,625		2,697
4.000%, 02/15/2027 (A)		545		554
Cincinnati Bell
7.000%, 07/15/2024 (A)		305		314
Cinemark USA
8.750%, 05/01/2025 (A)		115		122
Clear Channel International BV
6.625%, 08/01/2025 (A)		1,439		1,472
Clear Channel Worldwide Holdings
9.250%, 02/15/2024		3,517		3,409
5.125%, 08/15/2027 (A)		1,820		1,748
Consolidated Communications
6.500%, 10/01/2028 (A)		2,197		2,241
Digicel Group
6.750%, 03/01/2023 (A)		615		388
Digicel Group 0.5
10.000%, 04/01/2024		221		169
Digicel International Finance
8.750%, 05/25/2024 (A)		826		829
DISH DBS
7.750%, 07/01/2026		1,590		1,748
7.375%, 07/01/2028 (A)		1,135		1,169
5.875%, 11/15/2024		3,566		3,657
5.000%, 03/15/2023		1,072		1,093
DKT Finance ApS
9.375%, 06/17/2023 (A)		1,845		1,900
Entercom Media
6.500%, 05/01/2027 (A)		237		206
EW Scripps
5.125%, 05/15/2025 (A)		726		710
Front Range BidCo
6.125%, 03/01/2028 (A)		571		589
4.000%, 03/01/2027 (A)		1,141		1,123
Frontier Communications
11.000%, 09/15/2025 (B)		905		380
10.500%, 09/15/2022 (B)		1,035		432
8.500%, 04/01/2026 (A)(B)		1,765		1,779
8.000%, 04/01/2027 (A)(B)		1,508		1,503
7.125%, 01/15/2023 (B)		770		294
6.875%, 01/15/2025 (B)		2,895		1,097
Gray Television
7.000%, 05/15/2027 (A)		1,073		1,163
iHeartCommunications (C)
8.375%, 05/01/2027		4,154		4,091
6.375%, 05/01/2026		94		98
5.250%, 08/15/2027 (A)		1,488		1,451
4.750%, 01/15/2028 (A)		842		794
Intelsat Jackson Holdings
9.750%, 07/15/2025 (A)(B)		3,052		1,999

160

SEI Institutional Managed Trust / Annual Report / September 30, 2020



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

CORPORATE OBLIGATIONS (continued)
8.500%, 10/15/2024 (A)(B)	$	1,695	$	1,093
8.000%, 02/15/2024 (A)(B)		160		162
5.500%, 08/01/2023 (B)		268		168
Intelsat Luxembourg
8.125%, 06/01/2023 (B)		635		27
Level 3 Financing
5.375%, 01/15/2024		1,720		1,729
5.375%, 05/01/2025		760		784
4.625%, 09/15/2027 (A)		1,419		1,458
3.625%, 01/15/2029 (A)		1,650		1,629
Live Nation Entertainment
6.500%, 05/15/2027 (A)		1,096		1,183
5.625%, 03/15/2026 (A)		264		255
4.875%, 11/01/2024 (A)		3,332		3,224
4.750%, 10/15/2027 (A)		459		430
Meredith
6.875%, 02/01/2026		2,280		1,904
Netflix
5.875%, 11/15/2028		470		561
5.375%, 11/15/2029 (A)		205		242
4.875%, 04/15/2028		1,273		1,423
4.875%, 06/15/2030 (A)		1,512		1,724
Nexstar (Escrow Security)
5.625%, 07/15/2027 (A)		4,844		5,088
Nexstar Broadcasting
4.750%, 11/01/2028 (A)		273		278
Outfront Media Capital
5.000%, 08/15/2027 (A)		465		453
Sable International Finance
5.750%, 09/07/2027 (A)		2,076		2,165
Salem Media Group
6.750%, 06/01/2024 (A)		3,640		3,139
Scripps (Escrow Security)
5.875%, 07/15/2027 (A)		680		656
Sinclair Television Group
5.625%, 08/01/2024 (A)		100		99
5.500%, 03/01/2030 (A)		1,605		1,489
5.125%, 02/15/2027 (A)		2,582		2,408
Sirius XM Radio
5.500%, 07/01/2029 (A)		549		589
5.000%, 08/01/2027 (A)		746		778
4.625%, 07/15/2024 (A)		340		352
4.125%, 07/01/2030 (A)		1,323		1,348
SoftBank Group
6.000%, VAR USD ICE Swap 11:00 NY 5 Yr+4.226%(D)		605		556
5.125%, 09/19/2027		527		527
Sprint
7.875%, 09/15/2023		1,276		1,466
7.625%, 02/15/2025		4,366		5,108
7.625%, 03/01/2026		1,490		1,800
7.125%, 06/15/2024		913		1,050



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

CORPORATE OBLIGATIONS (continued)
Sprint Capital
8.750%, 03/15/2032	$	2,473	$	3,620
TEGNA
4.750%, 03/15/2026 (A)		70		71
4.625%, 03/15/2028 (A)		1,609		1,573
Telecom Italia Capital
6.375%, 11/15/2033		300		357
6.000%, 09/30/2034		285		331
Telesat Canada
6.500%, 10/15/2027 (A)		3,957		3,986
4.875%, 06/01/2027 (A)		1,120		1,125
T-Mobile USA
6.500%, 01/15/2026		1,370		1,431
4.750%, 02/01/2028		919		983
4.375%, 04/15/2040 (A)		53		62
3.500%, 04/15/2025 (A)		96		105
Townsquare Media
6.500%, 04/01/2023 (A)		1,499		1,373
Trilogy International Partners
8.875%, 05/01/2022 (A)		150		138
TripAdvisor
7.000%, 07/15/2025 (A)		22		23
United States Cellular
6.700%, 12/15/2033		1,289		1,661
Windstream Escrow
7.750%, 08/15/2028 (A)		4,080		4,009
Windstream Services
8.625%, 10/31/2025 (A)(B)		100		60

				133,565


Consumer Discretionary — 16.7%
1011778 BC ULC
4.375%, 01/15/2028 (A)		561		572
4.000%, 10/15/2030 (A)		1,374		1,385
Abercrombie & Fitch Management
8.750%, 07/15/2025 (A)		915		963
Adelphia Communications (Escrow Security)
10.250%, 06/15/2011 (B)(E)		150		1
9.500%, 02/15/2004 (E)		25		–
7.875%, 01/15/2009 (B)(E)		225		–
Adient Global Holdings
4.875%, 08/15/2026 (A)		525		500
Adient US
9.000%, 04/15/2025 (A)		144		159
7.000%, 05/15/2026 (A)		355		380
Allied Universal Holdco
6.625%, 07/15/2026 (A)		991		1,055
Altice Financing
7.500%, 05/15/2026 (A)		985		1,043
5.000%, 01/15/2028 (A)		2,803		2,722
American Axle & Manufacturing
6.875%, 07/01/2028		1,008		978

SEI Institutional Managed Trust / Annual Report / September 30, 2020

161

SCHEDULE OF INVESTMENTS

September 30, 2020

High Yield Bond Fund (Continued)



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

CORPORATE OBLIGATIONS (continued)
6.500%, 04/01/2027	$	924	$	894
6.250%, 04/01/2025		410		405
6.250%, 03/15/2026		600		581
American Greetings
8.750%, 04/15/2025 (A)		2,600		2,457
Aramark Services
5.000%, 02/01/2028 (A)		555		559
Asbury Automotive Group
4.750%, 03/01/2030 (A)		49		49
4.500%, 03/01/2028 (A)		1,671		1,681
Ashtead Capital
4.125%, 08/15/2025 (A)		375		385
Ashton Woods USA
6.625%, 01/15/2028 (A)		2,346		2,358
Aventine (Escrow Security)
0.000%, 10/15/2049 (B)(E)(F)		2,750		–
Boyd Gaming
8.625%, 06/01/2025 (A)		956		1,048
6.375%, 04/01/2026		1,078		1,122
6.000%, 08/15/2026		300		309
Boyne USA
7.250%, 05/01/2025 (A)		230		242
Brinker International
3.875%, 05/15/2023		626		617
Brookfield Residential Properties
4.875%, 02/15/2030 (A)		712		666
Burlington Coat Factory Warehouse
6.250%, 04/15/2025 (A)		540		568
Cablevision Systems
5.875%, 09/15/2022		92		97
Caesars Entertainment
8.125%, 07/01/2027 (A)		1,210		1,283
6.250%, 07/01/2025 (A)		2,119		2,215
Caesars Resort Collection
5.250%, 10/15/2025 (A)		2,520		2,438
Capitol Investment Merger Sub 2
10.000%, 08/01/2024 (A)		3,510		3,677
Carnival
11.500%, 04/01/2023 (A)		3,098		3,472
10.500%, 02/01/2026 (A)		836		926
CBS Radio
7.250%, 11/01/2024 (A)		3,015		2,563
CD&R Smokey Buyer
6.750%, 07/15/2025 (A)		62		65
Cedar Fair
5.500%, 05/01/2025 (A)		180		185
5.375%, 06/01/2024		757		724
5.250%, 07/15/2029		65		62
Cengage Learning
9.500%, 06/15/2024 (A)		3,270		2,158
Century Communities
6.750%, 06/01/2027		444		468



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

CORPORATE OBLIGATIONS (continued)
5.875%, 07/15/2025	$	1,061	$	1,103
Cinemark USA
5.125%, 12/15/2022		542		482
Cirsa Finance International Sarl
7.875%, 12/20/2023 (A)		1,321		1,219
Claire’s Stores
9.000%, 03/15/2019 (B)		815		–
Clarios Global
6.750%, 05/15/2025 (A)		1,378		1,450
Constellation
8.500%, 09/15/2025 (A)		485		403
Cooper-Standard Automotive
13.000%, 06/01/2024 (A)		320		342
5.625%, 11/15/2026 (A)		885		620
CSC Holdings
7.500%, 04/01/2028 (A)		1,300		1,435
6.500%, 02/01/2029 (A)		810		898
5.750%, 01/15/2030 (A)		2,655		2,821
5.500%, 05/15/2026 (A)		1,660		1,726
4.625%, 12/01/2030 (A)		2,093		2,109
3.375%, 02/15/2031 (A)		327		317
Cumulus Media New Holdings
6.750%, 07/01/2026 (A)		3,224		2,982
Dana
5.625%, 06/15/2028		525		542
5.375%, 11/15/2027		659		675
Dana Financing Luxembourg Sarl
6.500%, 06/01/2026 (A)		730		761
Delphi Technologies
5.000%, 10/01/2025 (A)		1,020		1,165
Diamond Resorts International
10.750%, 09/01/2024 (A)		1,965		1,749
Diamond Sports Group
6.625%, 08/15/2027 (A)		1,695		882
5.375%, 08/15/2026 (A)		5,232		3,702
eG Global Finance
8.500%, 10/30/2025 (A)		520		547
6.750%, 02/07/2025 (A)		2,440		2,498
Enterprise Development Authority
12.000%, 07/15/2024 (A)		1,448		1,615
ESH Hospitality
4.625%, 10/01/2027 (A)		908		891
Expedia Group
7.000%, 05/01/2025 (A)		107		116
6.250%, 05/01/2025 (A)		745		822
Ferrellgas
10.000%, 04/15/2025 (A)		338		366
Fontainebleau Las Vegas Holdings
11.000%, 06/15/2015 (A)(B)		3,108		–
Ford Motor
9.625%, 04/22/2030		384		496
9.000%, 04/22/2025		1,567		1,797

162

SEI Institutional Managed Trust / Annual Report / September 30, 2020



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

CORPORATE OBLIGATIONS (continued)
8.500%, 04/21/2023	$	3,275	$	3,570
Ford Motor Credit
5.596%, 01/07/2022		441		451
5.584%, 03/18/2024		65		68
5.125%, 06/16/2025		130		134
5.113%, 05/03/2029		1,310		1,343
4.687%, 06/09/2025		655		663
4.542%, 08/01/2026		230		229
4.271%, 01/09/2027		310		304
4.140%, 02/15/2023		240		241
4.134%, 08/04/2025		250		248
4.125%, 08/17/2027		1,315		1,279
4.063%, 11/01/2024		984		983
3.815%, 11/02/2027		1,440		1,372
3.813%, 10/12/2021		1,125		1,128
3.810%, 01/09/2024		123		122
3.470%, 04/05/2021		915		913
3.370%, 11/17/2023		302		297
3.350%, 11/01/2022		160		158
3.096%, 05/04/2023		271		265
3.087%, 01/09/2023		34		33
2.979%, 08/03/2022		995		980
1.146%, VAR ICE LIBOR USD 3 Month+0.880%, 10/12/2021		575		552
Ford Motor Credit MTN
4.389%, 01/08/2026		740		732
Gap
8.875%, 05/15/2027 (A)		368		419
8.625%, 05/15/2025 (A)		1,733		1,898
8.375%, 05/15/2023 (A)		290		320
GCI
6.875%, 04/15/2025		195		201
6.625%, 06/15/2024 (A)		165		177
4.750%, 10/15/2028 (A)		770		780
GEMS MENASA Cayman
7.125%, 07/31/2026 (A)		1,438		1,423
General Motors
6.800%, 10/01/2027		1,110		1,352
Getty Images
9.750%, 03/01/2027 (A)		1,885		1,838
G-III Apparel Group
7.875%, 08/15/2025 (A)		1,910		1,920
Golden Nugget
6.750%, 10/15/2024 (A)		760		635
GrubHub Holdings
5.500%, 07/01/2027 (A)		1,020		1,058
Guitar Center
13.000%cash/8.000% PIK, 04/15/2022 (A)		6,968		2,996
13.000%, 04/15/2022 (A)(E)(G)		82		30
10.000%, 05/15/2022 (A)(E)(G)		109		110



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

CORPORATE OBLIGATIONS (continued)
Guitar Center Escrow Issuer
9.500%, 10/15/2021 (A)	$	540	$	441
Hilton Domestic Operating
5.750%, 05/01/2028 (A)		111		117
5.375%, 05/01/2025 (A)		74		77
5.125%, 05/01/2026		767		789
Hilton Worldwide Finance
4.625%, 04/01/2025		190		192
Houghton Mifflin Harcourt Publishers
9.000%, 02/15/2025 (A)		2,640		2,534
IHO Verwaltungs GmbH
6.375%cash/7.125% PIK, 05/15/2029 (A)		710		756
6.000%cash/6.750% PIK, 05/15/2027 (A)		385		406
Inn of the Mountain Gods Resort & Casino
9.250%cash/0% PIK, 11/30/2020 (E)		2,294		2,156
International Game Technology
6.250%, 01/15/2027 (A)		2,900		3,110
IRB Holding
7.000%, 06/15/2025 (A)		955		1,018
6.750%, 02/15/2026 (A)		5,199		5,199
Ken Garff Automotive
4.875%, 09/15/2028 (A)		278		273
Kohl’s
9.500%, 05/15/2025		848		1,003
L Brands
9.375%, 07/01/2025 (A)		78		90
7.500%, 06/15/2029		271		283
6.875%, 07/01/2025 (A)		252		272
6.875%, 11/01/2035		37		36
6.750%, 07/01/2036		1,040		1,019
6.625%, 10/01/2030 (A)		1,099		1,118
LCPR Senior Secured Financing DAC
6.750%, 10/15/2027 (A)		3,319		3,468
Liberty Interactive
8.250%, 02/01/2030		3,812		4,122
Lions Gate Capital Holdings
6.375%, 02/01/2024 (A)		2,045		2,025
Lithia Motors
4.625%, 12/15/2027 (A)		1,200		1,239
4.375%, 01/15/2031 (A)		195		195
Macy’s
8.375%, 06/15/2025 (A)		1,941		2,007
Macy’s Retail Holdings
3.875%, 01/15/2022		838		789
Marriott Ownership Resorts
6.500%, 09/15/2026		555		570
6.125%, 09/15/2025 (A)		234		241
Mattamy Group
4.625%, 03/01/2030 (A)		1,388		1,406

SEI Institutional Managed Trust / Annual Report / September 30, 2020

163

SCHEDULE OF INVESTMENTS

September 30, 2020

High Yield Bond Fund (Continued)



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

CORPORATE OBLIGATIONS (continued)
Mattel
6.750%, 12/31/2025 (A)	$	1,217	$	1,284
5.875%, 12/15/2027 (A)		190		204
McGraw-Hill Global Education Holdings
7.875%, 05/15/2024 (A)		2,200		1,183
Melco Resorts Finance
5.250%, 04/26/2026		826		836
Men’s Wearhouse
7.000%, 07/01/2022 (B)		819		14
MGM Resorts International
6.750%, 05/01/2025		2,570		2,693
6.000%, 03/15/2023		1,535		1,592
5.750%, 06/15/2025		467		490
Midcontinent Communications
5.375%, 08/15/2027 (A)		582		598
Millennium (Escrow Security)
7.625%, 11/15/2026 (B)(E)		175		–
Monitronics International Inc
9.125%, 04/01/2020 (B)(E)		5,936		–
MTY Holdings LLC
7.500%, 09/15/2025 (E)(G)		249		248
National CineMedia
5.875%, 04/15/2028 (A)		150		125
NCL
12.250%, 05/15/2024 (A)		725		812
Neiman Marcus Group
8.750%cash/0% PIK, 10/15/2021 (A)(B)(E)(G)		762		460
8.000%, 10/15/2021 (A)(B)(E)(G)		820		495
Newell Brands
5.875%, 04/01/2036		90		103
4.875%, 06/01/2025		45		49
4.700%, 04/01/2026		240		256
Nordstrom
8.750%, 05/15/2025 (A)		280		307
Panther BF Aggregator 2
8.500%, 05/15/2027 (A)		3,079		3,179
6.250%, 05/15/2026 (A)		1,444		1,514
Penn National Gaming
5.625%, 01/15/2027 (A)		1,300		1,348
PetSmart
8.875%, 06/01/2025 (A)		545		565
7.125%, 03/15/2023 (A)		1,795		1,811
5.875%, 06/01/2025 (A)		1,104		1,130
Photo Holdings Merger Sub
8.500%, 10/01/2026 (A)		575		526
PM General Purchaser
9.500%, 10/01/2028 (A)		233		242
QVC
4.750%, 02/15/2027		570		586
4.450%, 02/15/2025		889		913
4.375%, 09/01/2028		278		284



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

CORPORATE OBLIGATIONS (continued)
Radiate Holdco
6.500%, 09/15/2028 (A)	$	550	$	564
4.500%, 09/15/2026 (A)		550		550
Royal Caribbean Cruises
11.500%, 06/01/2025 (A)		458		531
10.875%, 06/01/2023 (A)		2,614		2,924
9.125%, 06/15/2023 (A)		56		59
5.250%, 11/15/2022		1,067		953
Scientific Games International
8.625%, 07/01/2025 (A)		1,270		1,325
8.250%, 03/15/2026 (A)		1,375		1,436
7.250%, 11/15/2029 (A)		435		442
7.000%, 05/15/2028 (A)		846		848
5.000%, 10/15/2025 (A)		1,050		1,055
SeaWorld Parks & Entertainment
9.500%, 08/01/2025 (A)		1,760		1,829
Service International
7.500%, 04/01/2027		640		762
4.625%, 12/15/2027		240		254
Shea Homes
4.750%, 02/15/2028 (A)		711		713
4.750%, 04/01/2029 (A)		825		822
Silversea Cruise Finance
7.250%, 02/01/2025 (A)		1,493		1,512
Six Flags Entertainment
5.500%, 04/15/2027 (A)		80		76
4.875%, 07/31/2024 (A)		2,753		2,590
Six Flags Theme Parks
7.000%, 07/01/2025 (A)		668		711
Sotheby’s
7.375%, 10/15/2027 (A)		1,416		1,416
Specialty Building Products Holdings
6.375%, 09/30/2026 (A)		985		1,002
Speedway Motorsports
4.875%, 11/01/2027 (A)		846		812
SRS Distribution
8.250%, 07/01/2026 (A)		1,310		1,398
Staples
10.750%, 04/15/2027 (A)		1,355		1,087
7.500%, 04/15/2026 (A)		1,753		1,620
Stars Group Holdings BV
7.000%, 07/15/2026 (A)		175		186
Station Casinos
5.000%, 10/01/2025 (A)		736		724
4.500%, 02/15/2028 (A)		3,158		2,905
Sugarhouse HSP Gaming Prop Mezz
5.875%, 05/15/2025 (A)		3,955		3,856
Telenet Finance Luxembourg Notes Sarl
5.500%, 03/01/2028 (A)		1,400		1,470
Tempur Sealy International
5.500%, 06/15/2026		605		628

164

SEI Institutional Managed Trust / Annual Report / September 30, 2020



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

CORPORATE OBLIGATIONS (continued)
Tenneco
5.375%, 12/15/2024	$	170	$	130
5.000%, 07/15/2026		1,305		966
Terrier Media Buyer
8.875%, 12/15/2027 (A)		5,173		5,212
Twin River Worldwide Holdings
6.750%, 06/01/2027 (A)		1,240		1,234
Univision Communications
9.500%, 05/01/2025 (A)		1,580		1,691
Urban One
7.375%, 04/15/2022 (A)		5,652		5,115
Vail Resorts
6.250%, 05/15/2025 (A)		142		151
Virgin Media Finance
5.000%, 07/15/2030 (A)		493		491
Virgin Media Secured Finance
5.500%, 05/15/2029 (A)		1,191		1,278
4.500%, 08/15/2030 (A)		480		493
Virgin Media Vendor Financing Notes IV DAC
5.000%, 07/15/2028 (A)		809		807
Vista Outdoor
5.875%, 10/01/2023		995		997
William Carter
5.625%, 03/15/2027 (A)		225		235
Wolverine World Wide
6.375%, 05/15/2025 (A)		552		582
5.000%, 09/01/2026 (A)		614		616
WW International
8.625%, 12/01/2025 (A)		1,475		1,543
Wynn Las Vegas
5.500%, 03/01/2025 (A)		1,380		1,302
5.250%, 05/15/2027 (A)		665		618
4.250%, 05/30/2023 (A)		150		142
Wynn Resorts Finance
7.750%, 04/15/2025 (A)		1,800		1,906
5.125%, 10/01/2029 (A)		250		238
Yum! Brands
7.750%, 04/01/2025 (A)		110		122
6.875%, 11/15/2037		1,065		1,278
5.350%, 11/01/2043		130		137
3.625%, 03/15/2031		239		239
Ziggo BV
5.500%, 01/15/2027 (A)		700		733

				237,899


Consumer Staples — 3.6%
Albertsons
5.875%, 02/15/2028 (A)		408		436
5.750%, 03/15/2025		977		1,008
4.875%, 02/15/2030 (A)		185		193
4.625%, 01/15/2027 (A)		2,072		2,120
3.500%, 02/15/2023 (A)		130		132



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

CORPORATE OBLIGATIONS (continued)
3.500%, 03/15/2029 (A)	$	499	$	484
3.250%, 03/15/2026 (A)		499		495
B&G Foods
5.250%, 04/01/2025		643		661
Central Garden & Pet
5.125%, 02/01/2028		265		278
Chobani
7.500%, 04/15/2025 (A)		2,532		2,618
Clearwater Seafoods
6.875%, 05/01/2025 (A)		1,685		1,728
Cott Holdings
5.500%, 04/01/2025 (A)		1,702		1,745
Coty
6.500%, 04/15/2026 (A)		245		192
Dole Food
7.250%, 06/15/2025 (A)		1,499		1,492
Edgewell Personal Care
5.500%, 06/01/2028 (A)		776		817
Energizer Holdings
7.750%, 01/15/2027 (A)		1,196		1,307
4.750%, 06/15/2028 (A)		469		485
4.375%, 03/31/2029 (A)		1,138		1,149
Fresh Market
9.750%, 05/01/2023 (A)		1,100		985
Herbalife Nutrition
7.875%, 09/01/2025 (A)		1,370		1,471
High Ridge Brands
8.875%, 03/15/2025 (A)(B)		445		9
JBS Investments II GmbH
7.000%, 01/15/2026 (A)		1,325		1,414
JBS USA
5.750%, 06/15/2025 (A)		70		72
JBS USA LUX
5.500%, 01/15/2030 (A)		1,215		1,322
Kraft Heinz Foods
4.375%, 06/01/2046		1,127		1,158
4.250%, 03/01/2031 (A)		690		757
3.875%, 05/15/2027 (A)		340		360
3.000%, 06/01/2026		2,080		2,137
Kronos Acquisition Holdings
9.000%, 08/15/2023 (A)		1,260		1,277
Lamb Weston Holdings
4.875%, 11/01/2026 (A)		360		375
4.875%, 05/15/2028 (A)		135		146
4.625%, 11/01/2024 (A)		1,809		1,886
New Albertsons
8.700%, 05/01/2030		955		1,156
Performance Food Group
6.875%, 05/01/2025 (A)		50		53
5.500%, 10/15/2027 (A)		355		366
Pilgrim’s Pride
5.875%, 09/30/2027 (A)		1,108		1,144

SEI Institutional Managed Trust / Annual Report / September 30, 2020

165

SCHEDULE OF INVESTMENTS

September 30, 2020

High Yield Bond Fund (Continued)



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

CORPORATE OBLIGATIONS (continued)
Post Holdings
5.750%, 03/01/2027 (A)	$	995	$	1,046
5.625%, 01/15/2028 (A)		150		159
5.500%, 12/15/2029 (A)		621		664
5.000%, 08/15/2026 (A)		165		169
4.625%, 04/15/2030 (A)		153		157
Rite Aid
8.000%, 11/15/2026 (A)		2,080		2,077
7.700%, 02/15/2027		670		547
7.500%, 07/01/2025 (A)		315		310
Sigma Holdco BV
7.875%, 05/15/2026 (A)		3,369		3,428
Simmons Foods
5.750%, 11/01/2024 (A)		1,648		1,650
Spectrum Brands
5.750%, 07/15/2025		890		918
5.500%, 07/15/2030 (A)		834		880
5.000%, 10/01/2029 (A)		100		104
TreeHouse Foods
4.000%, 09/01/2028		40		40
US Foods
6.250%, 04/15/2025 (A)		567		600
5.875%, 06/15/2024 (A)		991		998
Vector Group
10.500%, 11/01/2026 (A)		3,220		3,294

				50,469


Energy — 9.8%
Antero Midstream Partners
5.750%, 03/01/2027 (A)		817		676
5.750%, 01/15/2028 (A)		175		144
5.375%, 09/15/2024		280		239
Antero Resources
5.625%, 06/01/2023		400		290
5.125%, 12/01/2022		1,891		1,541
Apache
5.100%, 09/01/2040		1,473		1,319
4.875%, 11/15/2027		1,143		1,080
4.625%, 11/15/2025		468		446
4.375%, 10/15/2028		278		254
Archrock Partners
6.250%, 04/01/2028 (A)		2,274		2,143
Ascent Resources Utica Holdings
7.000%, 11/01/2026 (A)		1,447		1,107
Baytex Energy
8.750%, 04/01/2027 (A)		390		176
Blue Racer Midstream
6.625%, 07/15/2026 (A)		205		180
6.125%, 11/15/2022 (A)		2,173		2,120
Buckeye Partners
4.500%, 03/01/2028 (A)		230		222
4.125%, 03/01/2025 (A)		230		218



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

CORPORATE OBLIGATIONS (continued)
4.125%, 12/01/2027	$	305	$	289
Carrizo Oil & Gas
8.250%, 07/15/2025		185		50
6.250%, 04/15/2023		245		78
Cenovus Energy
5.375%, 07/15/2025		301		290
Cheniere Energy
4.625%, 10/15/2028 (A)		1,130		1,160
Cheniere Energy Partners
5.625%, 10/01/2026		2,163		2,250
4.500%, 10/01/2029		4,667		4,787
Chesapeake Energy
11.500%, 01/01/2025 (A)(B)		768		104
7.500%, 10/01/2026 (B)		2,515		94
7.000%, 10/01/2024 (B)		1,135		43
Citgo Holding
9.250%, 08/01/2024 (A)		1,408		1,341
CITGO Petroleum
6.250%, 08/15/2022 (A)		1,779		1,764
CNX Midstream Partners
6.500%, 03/15/2026 (A)		2,320		2,349
CNX Resources
7.250%, 03/14/2027 (A)		2,240		2,285
Comstock Resources
9.750%, 08/15/2026		1,885		1,932
7.500%, 05/15/2025 (A)		554		521
Crestwood Midstream Partners
6.250%, 04/01/2023		565		552
5.750%, 04/01/2025		1,790		1,629
5.625%, 05/01/2027 (A)		265		237
CrownRock
5.625%, 10/15/2025 (A)		1,153		1,087
CVR Energy
5.750%, 02/15/2028 (A)		2,505		2,129
5.250%, 02/15/2025 (A)		825		718
DCP Midstream Operating
8.125%, 08/16/2030		1,390		1,571
5.625%, 07/15/2027		638		653
5.125%, 05/15/2029		538		530
Delek Logistics Partners
6.750%, 05/15/2025		811		736
Devon Energy
7.950%, 04/15/2032		834		1,079
Endeavor Energy Resources
6.625%, 07/15/2025 (A)		148		152
Energy Transfer
5.500%, 06/01/2027		1,564		1,524
EnLink Midstream
5.375%, 06/01/2029		4,411		3,573
EnLink Midstream Partners
4.850%, 07/15/2026		190		164
4.400%, 04/01/2024		365		328

166

SEI Institutional Managed Trust / Annual Report / September 30, 2020



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

CORPORATE OBLIGATIONS (continued)
Enviva Partners
6.500%, 01/15/2026 (A)	$	2,160	$	2,276
EP Energy
9.375%, 05/01/2020 (B)		972		–
9.375%, 05/01/2024 (A)(B)		1,017		–
8.000%, 11/29/2024 (A)(B)		260		1
8.000%, 02/15/2025 (A)(B)		653		–
7.750%, 05/15/2026 (A)(B)		1,385		303
6.375%, 06/15/2023 (B)		669		–
EQM Midstream Partners
6.500%, 07/01/2027 (A)		1,215		1,288
6.000%, 07/01/2025 (A)		908		936
EQT
7.875%, 02/01/2025		2,765		3,065
3.900%, 10/01/2027		10		9
Equities
8.750%, 02/01/2030		545		643
Exterran Energy Solutions
8.125%, 05/01/2025		2,525		2,156
Extraction Oil & Gas
7.375%, 05/15/2024 (A)(B)		4,117		1,029
5.625%, 02/01/2026 (A)(B)		2,610		652
FTS International
6.250%, 05/01/2022 (B)		1,976		672
Genesis Energy
7.750%, 02/01/2028		238		207
6.500%, 10/01/2025		825		714
Great Western Petroleum
9.000%, 09/30/2021 (A)		1,872		1,090
Gulfport Energy
6.375%, 05/15/2025		183		112
6.375%, 01/15/2026		585		360
6.000%, 10/15/2024		215		133
Hess Midstream Operations
5.625%, 02/15/2026 (A)		1,318		1,343
Hilcorp Energy I
6.250%, 11/01/2028 (A)		1,299		1,182
5.750%, 10/01/2025 (A)		484		438
5.000%, 12/01/2024 (A)		1,870		1,697
Holly Energy Partners
5.000%, 02/01/2028 (A)		190		185
Laredo Petroleum
10.125%, 01/15/2028		1,434		846
9.500%, 01/15/2025		2,988		1,781
Marathon Oil
6.600%, 10/01/2037		744		766
MEG Energy
7.125%, 02/01/2027 (A)		3,736		3,351
7.000%, 03/31/2024 (A)		71		66
6.500%, 01/15/2025 (A)		384		377
Motiva Enterprises
6.850%, 01/15/2040 (A)		28		33



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

CORPORATE OBLIGATIONS (continued)
Nabors Industries
7.250%, 01/15/2026 (A)	$	155	$	76
5.750%, 02/01/2025		430		146
New Fortress Energy
6.750%, 09/15/2025 (A)		618		646
NGL Energy Partners
6.125%, 03/01/2025		2,361		1,405
Noble Holding International
8.950%, 04/01/2045 (B)		1,755		9
7.750%, 01/15/2024 (B)		1,865		9
Northern Oil and Gas
8.500%cash/9.500% PIK, 05/15/2023		793		658
NuStar Logistics
6.375%, 10/01/2030		685		711
6.000%, 06/01/2026		140		140
5.750%, 10/01/2025		685		707
Oasis Petroleum
6.875%, 01/15/2023		575		134
6.250%, 05/01/2026 (A)(B)		375		88
Occidental Petroleum
8.875%, 07/15/2030		1,188		1,224
8.500%, 07/15/2027		1,188		1,197
8.000%, 07/15/2025		646		650
6.625%, 09/01/2030		1,736		1,601
6.450%, 09/15/2036		875		746
6.375%, 09/01/2028		1,226		1,135
5.875%, 09/01/2025		984		902
5.550%, 03/15/2026		1,355		1,227
4.625%, 06/15/2045		1,165		842
4.500%, 07/15/2044		276		198
4.400%, 04/15/2046		95		67
3.500%, 08/15/2029		219		168
3.400%, 04/15/2026		578		461
3.200%, 08/15/2026		2,827		2,242
3.125%, 02/15/2022		1,609		1,521
2.900%, 08/15/2024		271		230
2.700%, 08/15/2022		4,912		4,590
2.700%, 02/15/2023		1,178		1,078
Parkland Fuel
5.875%, 07/15/2027 (A)		1,255		1,319
Parsley Energy
5.375%, 01/15/2025 (A)		848		846
5.250%, 08/15/2025 (A)		395		391
PBF Holding
9.250%, 05/15/2025 (A)		106		109
6.000%, 02/15/2028 (A)		205		138
PDC Energy
5.750%, 05/15/2026		1,940		1,801
Peabody Energy
6.375%, 03/31/2025 (A)		769		308
Precision Drilling
7.750%, 12/15/2023		280		213

SEI Institutional Managed Trust / Annual Report / September 30, 2020

167

SCHEDULE OF INVESTMENTS

September 30, 2020

High Yield Bond Fund (Continued)



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

CORPORATE OBLIGATIONS (continued)
7.125%, 01/15/2026 (A)	$	285	$	183
QEP Resources
5.625%, 03/01/2026		714		405
Range Resources
9.250%, 02/01/2026 (A)		927		952
5.000%, 03/15/2023		713		677
4.875%, 05/15/2025		708		639
Seventy Seven Energy (Escrow Security)
6.500%, 10/15/2020 (B)(E)		305		–
Seventy Seven Operating (Escrow Security)
6.625%, 10/15/2020 (B)(E)		1,869		–
Shelf Drilling Holdings
8.250%, 02/15/2025 (A)		845		334
SM Energy
6.625%, 01/15/2027		258		115
6.125%, 11/15/2022		105		82
5.625%, 06/01/2025		295		133
5.000%, 01/15/2024		1,288		689
Southwestern Energy
8.375%, 09/15/2028		880		865
7.750%, 10/01/2027		1,388		1,350
7.500%, 04/01/2026		2,555		2,498
6.450%, 01/23/2025		502		486
Summit Midstream Holdings
5.750%, 04/15/2025		280		160
5.500%, 08/15/2022		1,582		1,107
Sunoco
5.875%, 03/15/2028		1,585		1,621
5.500%, 02/15/2026		1,240		1,238
Tallgrass Energy Partners
7.500%, 10/01/2025 (A)		381		383
6.000%, 03/01/2027 (A)		2,065		1,889
5.500%, 09/15/2024 (A)		115		108
5.500%, 01/15/2028 (A)		70		63
Targa Resources Partners
6.875%, 01/15/2029		288		308
6.500%, 07/15/2027		3,388		3,532
5.875%, 04/15/2026		375		385
5.000%, 01/15/2028		2,056		2,005
4.875%, 02/01/2031 (A)		250		242
4.250%, 11/15/2023		65		64
TerraForm Power Operating
4.750%, 01/15/2030 (A)		375		397
4.250%, 01/31/2023 (A)		1,164		1,193
Transocean
11.500%, 01/30/2027 (A)		828		340
8.000%, 02/01/2027 (A)		1,670		468
7.500%, 04/15/2031		990		134
Transocean Guardian
5.875%, 01/15/2024 (A)		1,456		939
Transocean Pontus
6.125%, 08/01/2025 (A)		2,072		1,853



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

CORPORATE OBLIGATIONS (continued)
USA Compression Partners
6.875%, 04/01/2026	$	1,805	$	1,789
6.875%, 09/01/2027		1,885		1,869
Valaris
5.850%, 01/15/2044 (B)		2,145		159
5.400%, 12/01/2042 (B)		280		22
4.875%, 06/01/2022 (B)		480		42
Vine Oil & Gas
9.750%, 04/15/2023 (A)		2,275		1,547
Western Gas Partners
3.950%, 06/01/2025		244		229
Western Midstream Operating
5.050%, 02/01/2030		200		195
4.100%, 02/01/2025		1,390		1,324
2.116%, VAR ICE LIBOR USD 3 Month+1.850%, 01/13/2023		520		484
WPX Energy
8.250%, 08/01/2023		321		363
5.875%, 06/15/2028		127		133
5.750%, 06/01/2026		199		206
5.250%, 10/15/2027		860		873

				142,870


Financials — 6.4%
Acrisure
8.125%, 02/15/2024 (A)		1,556		1,630
AHP Health Partners
9.750%, 07/15/2026 (A)		1,559		1,672
Alliant Holdings Intermediate
6.750%, 10/15/2027 (A)		1,415		1,484
Ally Financial
5.750%, 11/20/2025		520		583
AmWINS Group
7.750%, 07/01/2026 (A)		559		598
AssuredPartners
7.000%, 08/15/2025 (A)		1,980		2,017
Athene Holdings Ltd
6.150%, 04/03/2030		1,067		1,267
Bank of America
6.100%, VAR ICE LIBOR USD 3 Month+3.898%(D)		564		614
5.875%, VAR ICE LIBOR USD 3 Month+2.931%(D)		855		922
Barclays
7.750%, VAR USD Swap Semi 30/360 5 Yr Curr+4.842%(D)		1,880		1,943
6.125%, VAR US Treas Yield Curve Rate T Note Const Mat 5 Yr+5.867%(D)		590		598
BGC Partners
3.750%, 10/01/2024		1,415		1,421

168

SEI Institutional Managed Trust / Annual Report / September 30, 2020



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

CORPORATE OBLIGATIONS (continued)
Citigroup
5.950%, VAR ICE LIBOR USD 3 Month+3.905%(D)	$	50	$	52
5.000%, VAR United States Secured Overnight Financing Rate+3.813%(D)		3,339		3,322
Credit Agricole
6.875%, VAR USD Swap Semi 30/360 5 Yr Curr+4.319%(A)(D)		612		659
Donnelley Financial Solutions
8.250%, 10/15/2024		603		632
E*TRADE Financial
5.875%, VAR ICE LIBOR USD 3 Month+4.435%(D)		855		928
5.300%, VAR ICE LIBOR USD 3 Month+3.160%(D)		535		525
Freedom Mortgage
8.250%, 04/15/2025 (A)		4,905		5,002
8.125%, 11/15/2024 (A)		1,780		1,776
FS Energy and Power Fund
7.500%, 08/15/2023 (A)		1,270		1,156
Genworth Holdings
4.900%, 08/15/2023		278		256
Genworth Mortgage Holdings
6.500%, 08/15/2025 (A)		1,186		1,239
HAT Holdings I
6.000%, 04/15/2025 (A)		1,738		1,851
HUB International
7.000%, 05/01/2026 (A)		1,617		1,676
Hunt
6.250%, 02/15/2026 (A)		937		899
Intesa Sanpaolo MTN
5.710%, 01/15/2026 (A)		1,070		1,166
Issuer
6.250%, 03/01/2028 (A)		1,241		1,235
Jefferies Finance
6.250%, 06/03/2026 (A)		834		846
JPMorgan Chase
5.000%, VAR United States Secured Overnight Financing Rate+3.380%(D)		856		854
4.000%, VAR United States Secured Overnight Financing Rate+2.745%(D)		1,691		1,598
Ladder Capital Finance Holdings LLLP
5.250%, 03/15/2022 (A)		2,730		2,676
5.250%, 10/01/2025 (A)		210		194
4.250%, 02/01/2027 (A)		2,405		2,080
Lloyds Banking Group
7.500%, VAR USD Swap Semi 30/360 5 Yr Curr+4.760%(D)		1,965		2,061
LPL Holdings
4.625%, 11/15/2027 (A)		2,164		2,186



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

CORPORATE OBLIGATIONS (continued)
Merger Sub II
10.750%, 08/01/2027 (A)	$	2,621	$	2,687
MGIC Investment
5.250%, 08/15/2028		902		930
MGM Growth Properties Operating Partnership
5.750%, 02/01/2027		204		220
5.625%, 05/01/2024		1,130		1,198
4.625%, 06/15/2025 (A)		261		266
4.500%, 09/01/2026		1,618		1,641
4.500%, 01/15/2028		95		97
MSCI
5.375%, 05/15/2027 (A)		300		320
Nationstar Mortgage Holdings
9.125%, 07/15/2026 (A)		955		1,024
6.000%, 01/15/2027 (A)		1,464		1,492
5.500%, 08/15/2028 (A)		2,283		2,280
Navient
5.000%, 03/15/2027		706		663
New Residential Investment
6.250%, 10/15/2025 (A)		3,853		3,797
NFP
7.000%, 05/15/2025 (A)		276		293
6.875%, 08/15/2028 (A)		864		875
NMI Holdings
7.375%, 06/01/2025 (A)		600		641
OneMain Finance
7.125%, 03/15/2026		2,830		3,162
6.625%, 01/15/2028		342		380
5.375%, 11/15/2029		1,172		1,219
PRA Group
7.375%, 09/01/2025 (A)		1,465		1,528
Quicken Loans
5.250%, 01/15/2028 (A)		682		719
3.875%, 03/01/2031 (A)		642		634
3.625%, 03/01/2029 (A)		642		636
Radian Group
4.500%, 10/01/2024		959		952
Sabre
5.250%, 11/15/2023 (A)		1,727		1,688
Sabre GLBL
9.250%, 04/15/2025 (A)		419		461
7.375%, 09/01/2025 (A)		290		293
Saracen Development
11.000%cash/3.000% PIK, 10/15/2025 (A)(E)(G)		2,262		2,589
Service Properties Trust
4.950%, 02/15/2027		1,415		1,259
Starwood Property Trust
4.750%, 03/15/2025		1,366		1,308
Verscend Escrow
9.750%, 08/15/2026 (A)		1,130		1,229

SEI Institutional Managed Trust / Annual Report / September 30, 2020

169

SCHEDULE OF INVESTMENTS

September 30, 2020

High Yield Bond Fund (Continued)



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

CORPORATE OBLIGATIONS (continued)
Voya Financial
4.700%, VAR ICE LIBOR USD 3 Month+2.084%, 01/23/2048	$	778	$	779
WeWork
7.875%, 05/01/2025 (A)		3,190		2,034

				88,912


Health Care — 7.0%
Acadia Healthcare
5.500%, 07/01/2028 (A)		763		785
Air Medical Group Holdings
6.375%, 05/15/2023 (A)		255		255
Air Methods
8.000%, 05/15/2025 (A)		3,025		2,375
AMN Healthcare
4.625%, 10/01/2027 (A)		1,413		1,448
Avantor
6.000%, 10/01/2024 (A)		575		601
Avantor Funding
4.625%, 07/15/2028 (A)		1,156		1,199
Bausch Health
9.000%, 12/15/2025 (A)		1,695		1,844
7.250%, 05/30/2029 (A)		195		210
7.000%, 03/15/2024 (A)		805		833
7.000%, 01/15/2028 (A)		945		1,002
6.250%, 02/15/2029 (A)		3,638		3,742
6.125%, 04/15/2025 (A)		2,535		2,595
5.875%, 05/15/2023 (A)		22		22
5.250%, 01/30/2030 (A)		3,604		3,550
5.000%, 01/30/2028 (A)		890		864
Bausch Health Americas
9.250%, 04/01/2026 (A)		385		424
8.500%, 01/31/2027 (A)		842		925
Centene
5.375%, 06/01/2026 (A)		530		558
4.750%, 01/15/2025		1,829		1,880
4.625%, 12/15/2029		817		881
4.250%, 12/15/2027		1,637		1,713
3.375%, 02/15/2030		320		332
3.000%, 10/15/2030		1,345		1,372
Change Healthcare Holdings
5.750%, 03/01/2025 (A)		829		841
CHS
8.625%, 01/15/2024 (A)		315		313
DaVita
3.750%, 02/15/2031 (A)		2,996		2,887
Emergent BioSolutions
3.875%, 08/15/2028 (A)		2,512		2,522
Encompass Health
5.750%, 09/15/2025		915		942
4.750%, 02/01/2030		1,384		1,404
4.625%, 04/01/2031		137		137



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

CORPORATE OBLIGATIONS (continued)
4.500%, 02/01/2028	$	2,615	$	2,628
Endo Dac
9.500%, 07/31/2027 (A)		1,121		1,171
6.000%, 02/01/2025 (A)		698		489
6.000%, 06/30/2028 (A)		1,857		1,365
Endo Finance
5.750%, 01/15/2022 (A)		981		929
Envision Healthcare
8.750%, 10/15/2026 (A)		945		435
Global Medical Response
6.500%, 10/01/2025 (A)		1,470		1,459
HCA
5.875%, 02/15/2026		4,595		5,146
5.875%, 02/01/2029		465		542
5.625%, 09/01/2028		130		149
5.375%, 02/01/2025		3,961		4,337
3.500%, 09/01/2030		1,856		1,891
Hill-Rom Holdings
5.000%, 02/15/2025 (A)		625		642
4.375%, 09/15/2027 (A)		1,000		1,035
Hologic
4.375%, 10/15/2025 (A)		440		450
3.250%, 02/15/2029 (A)		258		260
Horizon Pharma USA
5.500%, 08/01/2027 (A)		797		846
IQVIA
5.000%, 10/15/2026 (A)		805		841
Jaguar Holding II
5.000%, 06/15/2028 (A)		95		99
4.625%, 06/15/2025 (A)		96		99
LifePoint Health
6.750%, 04/15/2025 (A)		374		394
4.375%, 02/15/2027 (A)		4,203		4,208
Mallinckrodt International Finance
5.625%, 10/15/2023 (A)		315		79
5.500%, 04/15/2025 (A)		630		157
MEDNAX
6.250%, 01/15/2027 (A)		992		1,029
Molina Healthcare
4.875%, 06/15/2025 (A)		1,500		1,530
MPH Acquisition Holdings
7.125%, 06/01/2024 (A)		873		897
Ortho-Clinical Diagnostics
7.375%, 06/01/2025 (A)		790		802
7.250%, 02/01/2028 (A)		2,241		2,331
Par Pharmaceutical
7.500%, 04/01/2027 (A)		2,007		2,103
Prestige Brands
5.125%, 01/15/2028 (A)		115		119
Prime Security Services Borrower
6.250%, 01/15/2028 (A)		740		749
3.375%, 08/31/2027 (A)		605		580

170

SEI Institutional Managed Trust / Annual Report / September 30, 2020



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

CORPORATE OBLIGATIONS (continued)
Radiology Partners
9.250%, 02/01/2028 (A)	$	2,104	$	2,188
Select Medical
6.250%, 08/15/2026 (A)		841		875
Surgery Center Holdings
6.750%, 07/01/2025 (A)		828		824
Tenet Healthcare
7.500%, 04/01/2025 (A)		164		176
7.000%, 08/01/2025		735		757
6.875%, 11/15/2031		210		206
6.250%, 02/01/2027 (A)		1,433		1,479
6.125%, 10/01/2028 (A)		3,757		3,654
5.125%, 05/01/2025		1,729		1,745
5.125%, 11/01/2027 (A)		480		493
4.875%, 01/01/2026 (A)		1,500		1,527
4.625%, 07/15/2024		2,427		2,439
4.625%, 06/15/2028 (A)		2,506		2,542
US Renal Care
10.625%, 07/15/2027 (A)		355		376
Varex Imaging
7.875%, 10/15/2027 (A)		1,335		1,382
West Street Merger Sub
6.375%, 09/01/2025 (A)		1,141		1,164

				100,074


Industrials — 9.2%
ACCO Brands
5.250%, 12/15/2024 (A)		420		430
ADT Security
4.875%, 07/15/2032 (A)		938		947
Advanced Drainage Systems
5.000%, 09/30/2027 (A)		100		105
AerCap Ireland Capital DAC
6.500%, 07/15/2025		302		326
Alcoa
5.125%, 10/01/2024		30		32
Allison Transmission
5.875%, 06/01/2029 (A)		210		227
5.000%, 10/01/2024 (A)		360		364
4.750%, 10/01/2027 (A)		1,899		1,954
American Airlines
11.750%, 07/15/2025 (A)		851		821
American Airlines Group
5.000%, 06/01/2022 (A)		1,308		889
3.750%, 03/01/2025 (A)		545		276
American Builders & Contractors Supply
4.000%, 01/15/2028 (A)		1,110		1,128
American Woodmark
4.875%, 03/15/2026 (A)		585		592
Arconic
6.125%, 02/15/2028 (A)		656		674
5.900%, 02/01/2027		535		576



Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
ASGN
4.625%, 05/15/2028 (A)	$	1,122	$	1,127
Avis Budget Car Rental
10.500%, 05/15/2025 (A)		485		553
6.375%, 04/01/2024 (A)		1,270		1,207
5.250%, 03/15/2025 (A)		195		177
Beacon Roofing Supply
4.875%, 11/01/2025 (A)		850		833
Boeing
5.805%, 05/01/2050		1,112		1,345
5.150%, 05/01/2030		1,225		1,377
Bombardier
8.750%, 12/01/2021 (A)		709		718
7.875%, 04/15/2027 (A)		820		622
7.500%, 12/01/2024 (A)		1,951		1,497
7.500%, 03/15/2025 (A)		875		656
6.000%, 10/15/2022 (A)		4,136		3,836
Brink’s
5.500%, 07/15/2025 (A)		235		245
Builders FirstSource
5.000%, 03/01/2030 (A)		853		883
BWX Technologies
5.375%, 07/15/2026 (A)		2,067		2,147
4.125%, 06/30/2028 (A)		397		406
Cargo Aircraft Management
4.750%, 02/01/2028 (A)		1,900		1,919
CDW
4.250%, 04/01/2028		370		383
3.250%, 02/15/2029		171		170
Clark Equipment
5.875%, 06/01/2025 (A)		1,546		1,602
Clean Harbors
4.875%, 07/15/2027 (A)		1,729		1,794
Cloud Crane
10.125%, 08/01/2024 (A)		1,180		1,196
Core & Main
6.125%, 08/15/2025 (A)		1,331		1,348
Core & Main Holdings
8.625%cash/9.375% PIK, 09/15/2024 (A)		1,635		1,647
Delta Air Lines
7.375%, 01/15/2026		1,123		1,177
7.000%, 05/01/2025 (A)		2,885		3,168
4.750%, 10/20/2028 (A)		2,407		2,499
4.500%, 10/20/2025 (A)		2,655		2,726
EnerSys
4.375%, 12/15/2027 (A)		559		570
EnPro Industries
5.750%, 10/15/2026		328		346
Fortress Transportation & Infrastructure Investors
6.750%, 03/15/2022 (A)		1,310		1,290

SEI Institutional Managed Trust / Annual Report / September 30, 2020

171

SCHEDULE OF INVESTMENTS

September 30, 2020

High Yield Bond Fund (Continued)



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

CORPORATE OBLIGATIONS (continued)
Fortress Transportation and Infrastructure Investors
9.750%, 08/01/2027 (A)	$	800	$	857
6.500%, 10/01/2025 (A)		560		550
GFL Environmental
8.500%, 05/01/2027 (A)		232		252
7.000%, 06/01/2026 (A)		1,946		2,051
5.125%, 12/15/2026 (A)		350		361
3.750%, 08/01/2025 (A)		764		768
Granite Holdings US Acquisition
11.000%, 10/01/2027 (A)		1,685		1,727
Griffon
5.750%, 03/01/2028		450		470
H&E Equipment Services
5.625%, 09/01/2025		2,684		2,798
Harsco
5.750%, 07/31/2027 (A)		465		471
Herc Holdings
5.500%, 07/15/2027 (A)		2,160		2,235
Hertz
7.625%, 06/01/2022 (A)(B)		172		158
7.125%, 08/01/2026 (A)(B)		465		213
6.000%, 01/15/2028 (A)(B)		540		248
5.500%, 10/15/2024 (A)(B)		669		301
Hillman Group
6.375%, 07/15/2022 (A)		3,474		3,378
Howmet Aerospace
6.875%, 05/01/2025		125		138
Icahn Enterprises
4.750%, 09/15/2024		2,455		2,486
James Hardie International Finance DAC
5.000%, 01/15/2028 (A)		1,224		1,276
4.750%, 01/15/2025 (A)		200		204
JELD-WEN
6.250%, 05/15/2025 (A)		235		250
4.875%, 12/15/2027 (A)		15		15
4.625%, 12/15/2025 (A)		355		357
Korn Ferry
4.625%, 12/15/2027 (A)		2,560		2,586
Masonite International
5.750%, 09/15/2026 (A)		42		44
5.375%, 02/01/2028 (A)		2,155		2,298
MasTec
4.500%, 08/15/2028 (A)		343		346
Mileage Plus Holdings
6.500%, 06/20/2027 (A)		2,306		2,401
New Enterprise Stone & Lime
6.250%, 03/15/2026 (A)		1,330		1,370
Nielsen Finance
5.875%, 10/01/2030 (A)		412		426
5.625%, 10/01/2028 (A)		412		426
5.000%, 04/15/2022 (A)		705		707



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

CORPORATE OBLIGATIONS (continued)
Nielsen Luxembourg Sarl
5.000%, 02/01/2025 (A)	$	826	$	841
PGT Escrow Issuer
6.750%, 08/01/2026 (A)		300		319
PowerTeam Services
9.033%, 12/04/2025 (A)		768		809
Prime Security Services Borrower
5.750%, 04/15/2026 (A)		1,044		1,116
RBS Global
4.875%, 12/15/2025 (A)		190		193
Remington Arms
0.000%, 12/31/2049 (E)		1,245		–
Sensata Technologies
5.000%, 10/01/2025 (A)		1,594		1,714
4.375%, 02/15/2030 (A)		2,687		2,821
3.750%, 02/15/2031 (A)		396		394
Sensata Technologies UK Financing
6.250%, 02/15/2026 (A)		1,345		1,409
Signature Aviation US Holdings
4.000%, 03/01/2028 (A)		4,191		3,898
Spirit AeroSystems
7.500%, 04/15/2025 (A)		268		272
5.500%, 01/15/2025 (A)		541		544
4.600%, 06/15/2028		70		57
1.050%, VAR ICE LIBOR USD 3 Month+0.800%, 06/15/2021		1,637		1,549
Spirit Loyalty Cayman
8.000%, 09/20/2025 (A)		1,780		1,886
SPX FLOW
5.875%, 08/15/2026 (A)		230		239
Standard Industries
5.000%, 02/15/2027 (A)		30		31
4.750%, 01/15/2028 (A)		725		752
3.375%, 01/15/2031 (A)		132		130
Stevens Holding
6.125%, 10/01/2026 (A)		245		262
Summit Materials
5.125%, 06/01/2025 (A)		1,302		1,320
Team Health Holdings
6.375%, 02/01/2025 (A)		1,217		834
Teck Resources
6.125%, 10/01/2035		833		996
Teekay Offshore Partners
8.500%, 07/15/2023 (A)		1,714		1,465
Terex
5.625%, 02/01/2025 (A)		710		712
TransDigm
8.000%, 12/15/2025 (A)		500		544
6.375%, 06/15/2026		1,745		1,752
6.250%, 03/15/2026 (A)		4,393		4,588
5.500%, 11/15/2027		1,982		1,905

172

SEI Institutional Managed Trust / Annual Report / September 30, 2020



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

CORPORATE OBLIGATIONS (continued)
TriMas
4.875%, 10/15/2025 (A)	$	205	$	208
Triumph Group
8.875%, 06/01/2024 (A)		569		606
7.750%, 08/15/2025		2,110		1,353
6.250%, 09/15/2024 (A)		250		213
5.250%, 06/01/2022		165		135
Tutor Perini
6.875%, 05/01/2025 (A)		5,054		4,650
Uber Technologies
7.500%, 05/15/2025 (A)		554		590
United Airlines Holdings
4.875%, 01/15/2025		1,125		968
United Continental Holdings
4.250%, 10/01/2022		708		655
United Rentals North America
5.875%, 09/15/2026		380		400
5.500%, 05/15/2027		240		255
4.875%, 01/15/2028		380		399
4.625%, 10/15/2025		660		675
Univar Solutions USA
5.125%, 12/01/2027 (A)		281		288
Wabash National
5.500%, 10/01/2025 (A)		475		475
Welbilt
9.500%, 02/15/2024		1,100		1,127
WESCO Distribution
7.250%, 06/15/2028 (A)		356		390
7.125%, 06/15/2025 (A)		356		388
Western Global Airlines
10.375%, 08/15/2025 (A)		1,010		1,030
Wolverine Escrow
13.125%, 11/15/2027 (A)		240		168
9.000%, 11/15/2026 (A)		620		512
XPO Logistics
6.750%, 08/15/2024 (A)		1,781		1,886
6.500%, 06/15/2022 (A)		240		241
6.250%, 05/01/2025 (A)		215		230
6.125%, 09/01/2023 (A)		230		235

				132,402


Information Technology — 3.5%
ACI Worldwide
5.750%, 08/15/2026 (A)		394		416
Alliance Data Systems
7.000%, 01/15/2026 (A)		1,550		1,542
4.750%, 12/15/2024 (A)		1,477		1,384
AMS
7.000%, 07/31/2025 (A)		1,617		1,712
Ascend Learning
6.875%, 08/01/2025 (A)		530		542



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

CORPORATE OBLIGATIONS (continued)
Avaya
6.125%, 09/15/2028 (A)	$	3,098	$	3,159
Black Knight InfoServ
3.625%, 09/01/2028 (A)		459		464
Booz Allen Hamilton
3.875%, 09/01/2028 (A)		235		241
BY Crown Parent
4.250%, 01/31/2026 (A)		968		986
CDK Global
5.875%, 06/15/2026		33		34
5.250%, 05/15/2029 (A)		190		202
CommScope
8.250%, 03/01/2027 (A)		1,973		2,052
7.125%, 07/01/2028 (A)		325		334
CommScope Finance
6.000%, 03/01/2026 (A)		600		625
CommScope Technologies
6.000%, 06/15/2025 (A)		3,347		3,392
Dell International
6.200%, 07/15/2030 (A)		85		102
6.020%, 06/15/2026 (A)		921		1,081
5.300%, 10/01/2029 (A)		571		655
Diebold Nixdorf
9.375%, 07/15/2025 (A)		2,029		2,141
DXC Technology
4.750%, 04/15/2027		852		949
Entegris
4.625%, 02/10/2026 (A)		635		649
4.375%, 04/15/2028 (A)		725		745
Gartner
4.500%, 07/01/2028 (A)		50		53
3.750%, 10/01/2030 (A)		117		118
Go Daddy Operating
5.250%, 12/01/2027 (A)		1,868		1,944
Hughes Satellite Systems
5.250%, 08/01/2026		549		584
MagnaChip Semiconductor
6.625%, 07/15/2021		345		345
Microchip Technology
4.250%, 09/01/2025 (A)		136		141
MTS Systems
5.750%, 08/15/2027 (A)		140		138
NCR
8.125%, 04/15/2025 (A)		122		135
6.125%, 09/01/2029 (A)		450		477
5.750%, 09/01/2027 (A)		1,505		1,573
5.000%, 10/01/2028 (A)		692		693
Nuance Communications
5.625%, 12/15/2026		1,757		1,854
ON Semiconductor
3.875%, 09/01/2028 (A)		416		422

SEI Institutional Managed Trust / Annual Report / September 30, 2020

173

SCHEDULE OF INVESTMENTS

September 30, 2020

High Yield Bond Fund (Continued)



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

CORPORATE OBLIGATIONS (continued)
Open Text Holdings
4.125%, 02/15/2030 (A)	$	1,487	$	1,529
Presidio Holdings
8.250%, 02/01/2028 (A)		567		594
4.875%, 02/01/2027 (A)		160		162
PTC
4.000%, 02/15/2028 (A)		645		663
3.625%, 02/15/2025 (A)		549		557
Science Applications International
4.875%, 04/01/2028 (A)		1,670		1,696
Seagate HDD Cayman
5.750%, 12/01/2034		856		976
SS&C Technologies
5.500%, 09/30/2027 (A)		1,464		1,556
Switch
3.750%, 09/15/2028 (A)		106		107
Tempo Acquisition
5.750%, 06/01/2025 (A)		655		686
Veritas US
7.500%, 09/01/2025 (A)		3,280		3,382
ViaSat
6.500%, 07/15/2028 (A)		2,455		2,459
5.625%, 09/15/2025 (A)		1,548		1,517
Xerox Holdings
5.500%, 08/15/2028 (A)		278		274
5.000%, 08/15/2025 (A)		2,038		2,014

				50,056


Materials — 9.2%
Alcoa Nederland Holding BV
7.000%, 09/30/2026 (A)		285		299
6.750%, 09/30/2024 (A)		495		511
6.125%, 05/15/2028 (A)		1,098		1,157
5.500%, 12/15/2027 (A)		1,045		1,089
Allegheny Technologies
7.875%, 08/15/2023		1,764		1,804
5.875%, 12/01/2027		2,239		2,152
Alpha 2 BV
8.750%cash/9.500% PIK, 06/01/2023 (A)		1,395		1,399
Arconic
6.000%, 05/15/2025 (A)		660		705
ARD Finance
6.500%cash/0% PIK, 06/30/2027 (A)		2,092		2,081
Ardagh Packaging Finance
6.000%, 02/15/2025 (A)		356		370
5.250%, 04/30/2025 (A)		1,280		1,338
5.250%, 08/15/2027 (A)		455		464
4.125%, 08/15/2026 (A)		758		768
Ashland
6.875%, 05/15/2043		851		1,089



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

CORPORATE OBLIGATIONS (continued)
Axalta Coating Systems
4.875%, 08/15/2024 (A)	$	290	$	295
4.750%, 06/15/2027 (A)		150		153
Baffinland Iron Mines
8.750%, 07/15/2026 (A)		4,940		5,088
Berry Global
4.500%, 02/15/2026 (A)		2,593		2,619
Berry Global (Escrow Security)
4.875%, 07/15/2026 (A)		1,209		1,269
Big River Steel
6.625%, 01/31/2029 (A)		264		267
Boart Longyear Management Pty
10.000%, 12/31/2022		1,960		1,568
Boise Cascade
4.875%, 07/01/2030 (A)		692		744
BWAY Holding
7.250%, 04/15/2025 (A)		2,169		2,042
Carpenter Technology
6.375%, 07/15/2028		184		193
CENVO Corp (Escrow Security)
0.000%, 09/15/2022 (E)(G)(H)		5,650		5
CF Industries
5.150%, 03/15/2034		677		799
4.950%, 06/01/2043		144		167
Chemours
7.000%, 05/15/2025		320		324
6.625%, 05/15/2023		600		607
5.375%, 05/15/2027		511		506
Clearwater Paper
5.375%, 02/01/2025 (A)		910		954
Cleveland-Cliffs
6.750%, 03/15/2026 (A)		1,669		1,698
4.875%, 01/15/2024 (A)		998		983
Compass Minerals International
6.750%, 12/01/2027 (A)		1,120		1,210
Constellium
6.625%, 03/01/2025 (A)		389		398
5.875%, 02/15/2026 (A)		971		996
5.750%, 05/15/2024 (A)		847		862
5.625%, 06/15/2028 (A)		1,524		1,556
Cornerstone Chemical
6.750%, 08/15/2024 (A)		5,395		5,048
Crown Americas
4.750%, 02/01/2026		835		866
4.250%, 09/30/2026		2,195		2,272
CVR Partners
9.250%, 06/15/2023 (A)		2,725		2,521
Eldorado
9.500%, 06/01/2024 (A)		950		1,009
Element Solutions
3.875%, 09/01/2028 (A)		1,367		1,341

174

SEI Institutional Managed Trust / Annual Report / September 30, 2020



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

CORPORATE OBLIGATIONS (continued)
First Quantum Minerals
7.500%, 04/01/2025 (A)	$	3,355	$	3,318
7.250%, 04/01/2023 (A)		608		607
6.875%, 03/01/2026 (A)		1,941		1,871
6.875%, 10/15/2027 (A)		448		432
6.500%, 03/01/2024 (A)		1,654		1,586
Flex Acquisition
7.875%, 07/15/2026 (A)		822		836
6.875%, 01/15/2025 (A)		755		755
FMG Resources August 2006 PTY
4.500%, 09/15/2027 (A)		1,139		1,216
Forterra Finance
6.500%, 07/15/2025 (A)		185		195
Freeport-McMoRan
5.450%, 03/15/2043		2,980		3,304
5.400%, 11/14/2034		2,157		2,386
4.625%, 08/01/2030		526		553
4.375%, 08/01/2028		696		720
4.125%, 03/01/2028		1,189		1,204
GCP Applied Technologies
5.500%, 04/15/2026 (A)		575		587
Graham Packaging
7.125%, 08/15/2028 (A)		85		89
Greif
6.500%, 03/01/2027 (A)		345		357
Hecla Mining
7.250%, 02/15/2028		620		672
Hexion
7.875%, 07/15/2027 (A)		3,035		3,034
IAMGOLD
5.750%, 10/15/2028 (A)		1,835		1,785
INEOS Group Holdings
5.625%, 08/01/2024 (A)		1,340		1,354
Innophos Holdings
9.375%, 02/15/2028 (A)		1,790		1,904
Jupiter Resources
13.000%, 01/31/2024 (E)(G)		376		335
Kaiser Aluminum
4.625%, 03/01/2028 (A)		1,735		1,618
Kraton Polymers
7.000%, 04/15/2025 (A)		1,960		1,999
LABL Escrow Issuer
10.500%, 07/15/2027 (A)		290		308
6.750%, 07/15/2026 (A)		390		411
LSB Industries
9.625%, 05/01/2023 (A)		5,050		4,949
Mineral Resources
8.125%, 05/01/2027 (A)		2,790		3,028
Mosaic
5.450%, 11/15/2033		408		475
Mountain Province Diamonds
8.000%, 12/15/2022 (A)		2,715		2,063



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

CORPORATE OBLIGATIONS (continued)
New
7.500%, 07/15/2027 (A)	$	1,260	$	1,342
New Gold
6.375%, 05/15/2025 (A)		1,055		1,089
Northwest Acquisitions ULC
7.125%, 11/01/2022 (A)(B)		2,115		34
Nouryon Holding BV
8.000%, 10/01/2026 (A)		455		482
NOVA Chemicals
5.250%, 06/01/2027 (A)		590		555
5.000%, 05/01/2025 (A)		1,800		1,755
4.875%, 06/01/2024 (A)		300		298
Novelis
5.875%, 09/30/2026 (A)		1,884		1,936
4.750%, 01/30/2030 (A)		850		835
OCI
5.250%, 11/01/2024 (A)		766		790
OI European Group BV
4.000%, 03/15/2023 (A)		1,000		1,015
Owens-Brockway Glass Container
6.625%, 05/13/2027 (A)		1,195		1,294
6.375%, 08/15/2025 (A)		600		658
5.875%, 08/15/2023 (A)		679		713
Rain CII Carbon
7.250%, 04/01/2025 (A)		5,715		5,458
Reichhold Industries
9.000%, 05/08/2017 (A)(B)(E)		859		–
Reynolds Group Issuer
4.000%, 10/15/2027 (A)		825		831
Scotts Miracle-Gro
4.500%, 10/15/2029		84		89
Summit Materials
5.250%, 01/15/2029 (A)		1,321		1,375
Taseko Mines
8.750%, 06/15/2022 (A)		978		932
Trident Merger Sub
6.625%, 11/01/2025 (A)		1,596		1,572
Trident TPI Holdings
9.250%, 08/01/2024 (A)		1,410		1,497
Trinseo Materials Operating
5.375%, 09/01/2025 (A)		630		623
Trivium Packaging Finance BV
8.500%, 08/15/2027 (A)		453		488
5.500%, 08/15/2026 (A)		599		620
Tronox
6.500%, 05/01/2025 (A)		507		529
6.500%, 04/15/2026 (A)		325		325
Tronox Finance
5.750%, 10/01/2025 (A)		1,299		1,280
United States Steel
12.000%, 06/01/2025 (A)		770		820

SEI Institutional Managed Trust / Annual Report / September 30, 2020

175

SCHEDULE OF INVESTMENTS

September 30, 2020

High Yield Bond Fund (Continued)



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

CORPORATE OBLIGATIONS (continued)
Valvoline
4.250%, 02/15/2030 (A)	$	185	$	189
Venator Finance Sarl
9.500%, 07/01/2025 (A)		871		923
5.750%, 07/15/2025 (A)		1,791		1,540
Warrior Met Coal
8.000%, 11/01/2024 (A)		1,650		1,680

				131,104


Real Estate — 2.1%
Brookfield Property
5.750%, 05/15/2026 (A)		3,214		2,533
CoreCivic
5.000%, 10/15/2022		245		241
4.625%, 05/01/2023		475		451
Diversified Healthcare Trust
9.750%, 06/15/2025		2,451		2,726
GEO Group
5.875%, 01/15/2022		280		271
5.125%, 04/01/2023		35		28
Howard Hughes
5.375%, 08/01/2028 (A)		562		562
Iron Mountain
5.250%, 03/15/2028 (A)		1,357		1,413
5.250%, 07/15/2030 (A)		765		797
5.000%, 07/15/2028 (A)		990		1,015
4.875%, 09/15/2027 (A)		2,718		2,772
4.875%, 09/15/2029 (A)		1,000		1,017
4.500%, 02/15/2031 (A)		268		270
iStar
4.750%, 10/01/2024		566		548
4.250%, 08/01/2025		1,119		1,044
Lamar Media
4.875%, 01/15/2029 (A)		115		120
4.000%, 02/15/2030 (A)		565		565
3.750%, 02/15/2028 (A)		847		843
Outfront Media Capital
6.250%, 06/15/2025 (A)		554		571
QualityTech
3.875%, 10/01/2028 (A)		595		599
Realogy Group
4.875%, 06/01/2023 (A)		986		976
RHP Hotel Properties
5.000%, 04/15/2023		1,000		979
4.750%, 10/15/2027		1,515		1,397
Uniti Group
8.250%, 10/15/2023		1,516		1,493
7.875%, 02/15/2025 (A)		813		862
7.125%, 12/15/2024 (A)		705		682
6.000%, 04/15/2023 (A)		1,080		1,086
VICI Properties
4.625%, 12/01/2029 (A)		448		456



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

CORPORATE OBLIGATIONS (continued)
4.250%, 12/01/2026 (A)	$	429	$	431
4.125%, 08/15/2030 (A)		816		803
3.750%, 02/15/2027 (A)		580		570
XHR
6.375%, 08/15/2025 (A)		1,810		1,805

				29,926


Utilities — 1.6%
AES
6.000%, 05/15/2026		140		147
5.500%, 04/15/2025		415		428
Calpine
5.000%, 02/01/2031 (A)		488		497
4.625%, 02/01/2029 (A)		140		140
4.500%, 02/15/2028 (A)		4,129		4,229
NRG Energy
12.000%, 09/25/2025 (E)(G)		656		680
7.250%, 05/15/2026		815		867
6.625%, 01/15/2027		1,113		1,177
Pacific Gas and Electric
4.750%, 02/15/2044		337		347
4.300%, 03/15/2045		394		387
3.950%, 12/01/2047		657		609
PG&E
5.250%, 07/01/2030		3,370		3,260
5.000%, 07/01/2028		568		551
Pike
5.500%, 09/01/2028 (A)		1,026		1,032
Rockpoint Gas Storage Canada
7.000%, 03/31/2023 (A)		1,795		1,665
Talen Energy Supply
7.625%, 06/01/2028 (A)		556		556
6.625%, 01/15/2028 (A)		1,235		1,196
Vistra Operations
5.625%, 02/15/2027 (A)		662		699
5.500%, 09/01/2026 (A)		360		376
5.000%, 07/31/2027 (A)		2,597		2,722
4.300%, 07/15/2029 (A)		1,636		1,786

				23,351


Total Corporate Obligations (Cost $1,144,248) ($ Thousands)				1,120,628


LOAN PARTICIPATIONS — 9.6%
Academy, LTD., Initial Term Loan, 1st Lien
5.000%, VAR LIBOR+4.000%, 07/01/2022		5,346		5,215
Affinity Game, Term Loan 2, 1st Lien
4.250%, 07/01/2023 (I)		809		721
Agrofresh Inc., Initial Term Loan
7.250%, 12/31/2024		2,097		2,042

176

SEI Institutional Managed Trust / Annual Report / September 30, 2020



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

LOAN PARTICIPATIONS (continued)
AI Aqua Merger Sub, Inc., Tranche B-1 Term Loan, 1st Lien
4.250%, VAR LIBOR+3.250%, 12/13/2023	$	1,423	$	1,387
Alvogen Pharma US, Inc., January 2020 Loan, 1st Lien
6.250%, 12/31/2023		1,266		1,217
AMC Entertainment Holdings, Inc. (fka AMC Entertainment Inc.), Term B-1 Loan, 1st Lien
3.220%, VAR LIBOR+3.000%, 04/22/2026		74		47
American Gaming, Term Loan, 1st Lien
14.000%, 02/15/2024 (E)		863		859
American Greetings, Term Loan, 1st Lien
5.500%, 04/06/2024 (I)(J)		432		423
American Tire Distributors, Inc., Initial Term Loan, 1st Lien
8.500%, 09/02/2024 (J)		3,475		2,944
Aptos, 1st Lien
5.647%, 03/04/2027 (I)		178		167
Ascend Learning, LLC, Initial Term Loan, 2nd Lien
4.000%, VAR LIBOR+3.250%, 07/12/2024		141		139
Asurion, LLC (fka Asurion Corporation), Second Lien Replacement B-2 Term Loan, 2nd Lien
6.647%, VAR LIBOR+6.500%, 08/04/2025		2,173		2,173
Avianca, Dip Tranche A, 1st Lien
0.000%, 11/10/2021 (J)		1,555		1,532
Banijay Entertainment S.A.S., Facility B (USD), 1st Lien
3.907%, 03/01/2025 (J)		45		44
Bausch Health Companies Inc., Initial Term Loan, 1st Lien
3.151%, VAR LIBOR+3.000%, 06/02/2025		468		458
Boardriders, Inc., Tranche A Loan
9.000%, 10/23/2023 (E)(G)		389		377
Boardriders, Inc., Tranche B-2 Loan
9.000%, 04/23/2024 (E)(G)		2,092		1,548
Buckeye Partners, L.P., Initial Term Loan, 1st Lien
2.897%, VAR LIBOR+2.750%, 11/01/2026		229		224
BWay Holding Company, Initial Term Loan, 1st Lien
3.523%, VAR LIBOR+3.250%, 04/03/2024		1,724		1,616



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

LOAN PARTICIPATIONS (continued)
Caesars Resort Collection, LLC, Term B-1 Loan, 1st Lien
4.772%, VAR LIBOR+4.500%, 07/21/2025	$	309	$	299
4.647%, VAR LIBOR+4.500%, 07/21/2025		2,378		2,298
Carestream Health, Inc., Extended Term Loan, 1st Lien
5.500%, 08/08/2023 (E)		1,730		1,358
Carestream Health, Inc., Term Loan, 1st Lien
7.750%, 05/08/2023		1,457		1,416
Cengage Learning, Inc., 2016 Refinancing Term Loan, 1st Lien
5.250%, VAR LIBOR+4.250%, 06/07/2023		3,497		2,915
CenturyLink, Inc., Term B Loan, 1st Lien
2.397%, VAR LIBOR+2.250%, 03/15/2027		154		147
Cenveo Corp., Term Loan, 1st Lien
10.500%, 06/07/2023 (I)		141		133
Cenveo Corporation, Exit Term Loan, 1st Lien
10.592%, 06/07/2023 (E)		9		8
10.500%, 06/07/2023 (E)		1,350		1,273
Claire’s Stores, Inc., Initial Term Loan, 1st Lien
6.647%, VAR LIBOR+6.500%, 12/18/2026		1,133		869
Clarios Global LP, Initial Dollar Term Loan, 1st Lien
3.647%, VAR LIBOR+3.500%, 04/30/2026		693		674
ConvergeOne Holdings, Corp., Initial Term Loan, 1st Lien
5.147%, VAR LIBOR+5.000%, 01/04/2026		3,273		2,982
Cornerstone OnDemand, Inc., Term Loan, 1st Lien
4.406%, VAR LIBOR+4.250%, 04/22/2027		200		199
Coty Inc., Term B USD Loan, 1st Lien
2.409%, VAR LIBOR+2.250%, 04/07/2025		1,647		1,467
East Valley Tourist Development Authority, Term Loan, 1st Lien
9.000%, VAR LIBOR+8.000%, 03/07/2022 (E)		2,168		1,908
Endo Luxembourg Finance Company I S.ar.l., Initial Term Loan, 1st Lien
5.000%, VAR LIBOR+4.250%, 04/29/2024		516		490

SEI Institutional Managed Trust / Annual Report / September 30, 2020

177

SCHEDULE OF INVESTMENTS

September 30, 2020

High Yield Bond Fund (Continued)



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

LOAN PARTICIPATIONS (continued)
Envision Healthcare Corporation, Initial Term Loan, 1st Lien
3.897%, VAR LIBOR+3.750%, 10/10/2025	$	3,983	$	2,864
Epic Crude Services, LP, Term Loan, 1st Lien
5.260%, VAR LIBOR+5.000%, 03/02/2026		1,720		1,213
Epic Y-Grade Services, LP, Term Loan
7.000%, 06/30/2027 (J)		2,244		1,807
eResearchTechnology, Inc., Initial Term Loan, 1st Lien
5.500%, 02/04/2027		1,278		1,272
Foresight Energy Operating LLC, Tranche A Term Loan, 1st Lien
9.500%, 06/30/2027 (E)(G)		274		274
Frontier Communications Corporation, Term B-1 Loan, 1st Lien
6.000%, VAR LIBOR+3.750%, 06/15/2024		928		910
Gates Global LLC, Initial B-2 Dollar Term Loan, 1st Lien
3.750%, VAR LIBOR+2.750%, 04/01/2024		504		495
Getty Images, Inc., Initial Dollar Term Loan, 1st Lien
4.688%, VAR LIBOR+4.500%, 02/19/2026		736		685
GFL Environmental Inc., Effective Date Incremental Term Loan, 1st Lien
4.000%, VAR LIBOR+3.000%, 05/30/2025		285		284
4.000%, VAR LIBOR+3.000%, 05/30/2025		51		51
Global Medical Response, Inc., 2018 New Term Loan, 1st Lien
5.250%, VAR LIBOR+4.250%, 03/14/2025		1,011		977
Global Medical Response, Inc., 2018 Term Loan Retired 10/02/2020, 1st Lien
4.250%, VAR LIBOR+3.250%, 04/28/2022		1,171		1,167
Golden Nugget, Inc., Initial B Term Loan, 1st Lien
3.250%, VAR LIBOR+2.750%, 10/04/2023		690		614
Graham Packaging Company Inc., Initial Term Loan, 1st Lien
4.500%, VAR LIBOR+3.750%, 08/04/2027		356		353
Green Energy Partners/Stonewall LLC, Term B-1 Conversion Advances, 1st Lien
6.500%, VAR LIBOR+5.500%, 11/13/2021 (E)		399		359



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

LOAN PARTICIPATIONS (continued)
Harland Clarke Holdings, Cov-Lite, Term Loan, 1st Lien
5.750%, 11/03/2023	$	261	$	213
Hercules Achievement, Inc. (Varsity Brands Holding Co., Inc.), Initial Term Loan, 1st Lien
4.500%, VAR LIBOR+3.500%, 12/16/2024		309		258
Horseshoe Baltimore, Cov-Lite, Term Loan B, 1st Lien
4.147%, 07/08/2024 (I)		939		818
Hoya Midco, LLC, Initial Term Loan, 1st Lien
4.500%, VAR LIBOR+3.500%, 06/30/2024		1,260		1,077
iHeartCommunications, Inc. (fka Clear Channel Communications, Inc.), New Term Loan, 1st Lien
3.147%, VAR LIBOR+3.000%, 05/01/2026		476		451
Indivior Finance S.a r.l., 2017 Replacement USD Term Loan, 1st Lien
5.500%, 12/19/2022 (E)		645		625
Informatica LLC , Dollar 2020 Term Loan, 1st Lien
3.397%, VAR LIBOR+3.250%, 02/25/2027		98		95
IRB Holding Corp., 2020 Replacement Term B Loan, 1st Lien
3.750%, VAR LIBOR+2.750%, 02/05/2025		274		261
J.C. Penney Corporation, Inc., Loan (2016), 1st Lien
5.250%, VAR LIBOR+4.250%, 06/23/2023 (B)		2,253		660
J.C. Penney Corporation, Inc. , Loan (DIP), 1st Lien
13.000%, VAR LIBOR+11.750%, 11/16/2020 (E)		1,829		2,305
Jaguar Holding Company I, LLC (fka Jaguar Holding Company I), 2018 Term Loan, 1st Lien
3.500%, VAR LIBOR+2.500%, 08/18/2022		638		635
Knight Energy Services, Exit Facility Loan
8.500%, 02/09/2024 (E)		61		—
Kronos Acquisition Intermediate Inc., Initial Loan, 1st Lien
6.256%, VAR LIBOR+4.000%, 05/15/2023 (J)		142		141
5.000%, VAR LIBOR+4.000%, 05/15/2023		74		74

178

SEI Institutional Managed Trust / Annual Report / September 30, 2020


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

LOAN PARTICIPATIONS (continued)
Lanai Holdings II, Inc., Initial Term Loan, 1st Lien
5.750%, VAR LIBOR+4.750%, 08/29/2022	$	4,944	$	4,654
Lifescan Global Corporation, Initial Term Loan, 1st Lien
7.175%, 10/01/2024 (I)		6,780		6,381
7.175%, 10/01/2024		43		40
Mashantucket (Western) Pequot Tribe, Term B Loan, 1st Lien
8.375%, VAR LIBOR+8.125%, 12/31/2020 (E)		6,896		6,724
Mavenir Systems, Inc., Initial Term Loan, 1st Lien
7.000%, VAR LIBOR+6.000%, 05/08/2025 (E)		2,511		2,486
Mcclatchy/SIJ, 1st Lien
10.167%, 07/15/2026		3,470		3,461
McGraw-Hill Global Education Holdings, LLC, Term B Loan, 1st Lien
5.000%, VAR LIBOR+4.000%, 05/04/2022		3,694		3,085
Meredith Corporation, Tranche B-3 Term Loan, 1st Lien
5.250%, VAR LIBOR+4.250%, 01/31/2025		319		313
Merrill Communications, Term Loan, 1st Lien
6.195%, 10/05/2026 (E)		1,512		1,474
MI Windows and Doors, LLC, Initial Term Loan, 1st Lien
6.500%, 11/06/2026 (E)(J)		770		770
Mileage Plus Holdings LLC (Mileage Plus Intellectual Property Assets, Ltd.), Initial Term Loan, 1st Lien
6.250%, VAR LIBOR+5.250%, 06/21/2027		937		951
Misys Limited, Dollar Term Loan, 1st Lien
4.500%, VAR LIBOR+3.500%, 06/13/2024		1,598		1,491
MLN US HoldCo LLC, Term B Loan, 1st Lien
4.656%, VAR LIBOR+4.500%, 11/30/2025		806		686
Monitronics International Inc
7.750%, 03/29/2024		988		741
New rue21, LLC, Term Loan, 1st Lien
12.500%, VAR FIXED+12.500%, 09/22/2022		126		98
Nine West Holdings Inc., Term Loan, 1st Lien
8.220%, 03/19/2024		711		588
Nouryon Finance B.V., Initial Dollar Term Loan, 1st Lien
3.151%, VAR LIBOR+3.000%, 10/01/2025		542		524


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

LOAN PARTICIPATIONS (continued)
Peak 10 Holding Corporation, Initial Term Loan, 1st Lien
3.720%, VAR LIBOR+3.500%, 08/01/2024	$	4,698	$	4,006
PetSmart, Inc., Amended Loan, 1st Lien
4.500%, VAR LIBOR+3.500%, 03/11/2022		417		416
Plantronics, Inc., Initial Term B Loan
2.647%, 07/02/2025		29		27
2.647%, 07/02/2025		195		183
Polymer Additives, Inc., Closing Date Term Loan
6.862%, 07/31/2025 (E)(J)		1,894		1,489
Polymer Additives, Inc., Term Loan, 1st Lien
6.862%, 07/31/2025		3		2
Radio One, Inc., Initial Term Loan, 1st Lien
5.000%, VAR LIBOR+4.000%, 04/18/2023		600		502
Rcn Cable, 1st Lien
4.250%, 09/25/2026		290		284
Red Lobster Management LLC, Initial Term Loan, 1st Lien
6.250%, 07/28/2021 (I)		1,933		1,786
Refinitiv US Holdings Inc., Initial Dollar Term Loan, 1st Lien
3.397%, VAR LIBOR+3.250%, 10/01/2025		226		224
Revlon Consumer Products Corporation, 2016 Term Loan, 1st Lien
4.250%, VAR LIBOR+3.500%, 09/07/2023		4,952		1,347
Shutterfly, Insitutional Term Loan, 1st Lien
7.000%, 09/25/2026		226		205
SkyMiles IP Ltd. (Delta Air Lines, Inc.), Initial Term Loan, 1st Lien
4.750%, VAR LIBOR+3.750%, 09/16/2027 (J)		230		232
Sotera Health Holdings, LLC, Initial Term Loan, 1st Lien
5.500%, VAR LIBOR+4.500%, 12/11/2026		1,234		1,228
SP PF Buyer LLC, Closing Date Term Loan, 1st Lien
4.647%, 12/22/2025		1,517		1,364
Staples, Inc., 2019 Refinancing New Term B-1 Loan, 1st Lien
5.251%, VAR LIBOR+5.000%, 04/16/2026		1,596		1,481
Steinway Musical Instruments, Inc., Closing Date Loan
4.750%, 02/14/2025		751		718

SEI Institutional Managed Trust / Annual Report / September 30, 2020

179

SCHEDULE OF INVESTMENTS

September 30, 2020

High Yield Bond Fund (Continued)


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

LOAN PARTICIPATIONS (continued)
Sunshine Luxembourg VII SARL, Facility B1, 1st Lien
4.470%, VAR LIBOR+4.250%, 10/01/2026	$	710	$	705
Syniverse Holdings, Inc., Tranche C Term Loan , 1st Lien
6.000%, VAR LIBOR+5.000%, 03/09/2023 (J)		7,369		5,656
Team Health Holdings, Inc., Initial Term Loan, 1st Lien
3.750%, VAR LIBOR+2.750%, 02/06/2024 (J)		7,644		6,392
Titan Acquisition Limited, Initial Term Loan, 1st Lien
3.361%, VAR LIBOR+3.000%, 03/28/2025		1,071		1,009
T-Mobile USA, Inc., Term Loan, 1st Lien
3.147%, VAR LIBOR+3.000%, 04/01/2027		643		642
Traverse Midstream Partners LLC, Advance, 1st Lien
5.000%, VAR LIBOR+4.000%, 09/27/2024		4,433		4,062
Tutor Perini, 1st Lien
5.750%, 08/18/2027		1,175		1,157
Twin River Worldwide Holdings, Inc., Term B-1 Facility Loan, 1st Lien
9.000%, VAR LIBOR+8.000%, 05/11/2026		759		800
U.S. Renal Care, Inc., Initial Term Loan, 1st Lien
5.147%, VAR LIBOR+5.000%, 06/26/2026		485		472
Uber Technologies, Inc., Term Loan, 1st Lien
5.000%, 04/04/2025		324		321
Valaris Dip 0.000%, 08/17/2021 (E)(J)		1,115		1,116
Vertic Group Corporation, Term Loan, 1st Lien
3.157%, 03/02/2027		149		147
Vertical Midco GmbH, Facility B (USD), 1st Lien
4.570%, 07/30/2027 (J)		278		275
Woodford Express, LLC, Initial Term Loan
6.000%, 01/27/2025		1,625		1,075
Zayo Group Holdings, Inc., Initial Dollar Term Loan, 1st Lien
3.147%, VAR LIBOR+3.000%, 03/09/2027		343		333


Total Loan Participations (Cost $143,780) ($ Thousands)				136,630


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

ASSET-BACKED SECURITIES — 9.0%

Other Asset-Backed Securities — 9.0%

Airplanes Pass-Through Trust, Ser 2001-1A, Cl A9(K)
0.735%, VAR ICE LIBOR USD 1 Month+0.550%, 03/15/2019 (A)(B)(E)	$	587	$	22
Ares XXXIV CLO, Ser 2015-2A, Cl SUB 0.000%, 04/17/2033 (A)(E)(L)		1,952		1,015
Ares XXXIV CLO, Ser 2020-2A, Cl FR
8.873%, VAR ICE LIBOR USD 3 Month+8.600%, 04/17/2033 (A)(E)		1,446		1,012
B&M CLO, Ser 2014-1A, Cl E
6.021%, VAR ICE LIBOR USD 3 Month+5.750%, 04/16/2026 (A)(E)		2,480		1,215
Battalion CLO V, Ser 2014-5A, Cl SUB
0.000%, 04/17/2026 (A)(E)(L)		3,274		47
Battalion CLO VII, Ser 2014-7A, Cl SUB
0.000%, 07/17/2028 (A)(E)(L)		4,490		1,167
Battalion CLO VIII, Ser 2015-8A, Cl SUB
0.000%, 07/18/2030 (A)(E)(L)		3,390		1,763
Battalion CLO X, Ser 2016-10A, Cl SUB
0.000%, 01/24/2029 (A)(E)(L)		4,450		2,848
Battalion CLO XI, Ser 2017-11A, Cl SUB
0.000%, 10/24/2029 (A)(E)(L)		5,857		4,217
Battalion CLO XII, Ser 2018-12A, Cl SUB
0.000%, 05/17/2031 (A)(E)(L)		4,663		3,078
Battalion CLO XIV, Ser 2019-14A
0.000%, 04/20/2032 (E)(L)		3,427		1,919
Battalion CLO XVI, Ser 2019-16A, Cl SUB
0.000%, 12/19/2032 (A)(E)(L)		3,589		2,441
Battalion CLO, Ser 2018
0.000%, 10/15/2032 (L)		1,533		1,502
Benefit Street Partners CLO III, Ser 2013-IIIA, Cl SUB
0.000%, 07/20/2029 (A)(E)(L)		2,531		481
Benefit Street Partners CLO IV
0.000%, 07/20/2026 (A)(E)(L)		5		729
Benefit Street Partners CLO IX
0.000%, 07/20/2025 (A)(E)(L)		2,293		1,147
Benefit Street Partners CLO V
0.000%, 10/20/2026 (A)(E)(L)		6,387		64
Benefit Street Partners CLO V-B
0.000%, 04/20/2031 (E)(L)		10,259		4,740
Benefit Street Partners CLO VI, Ser 2015-VIA, Cl SUB
0.000%, 10/18/2029 (A)(E)(L)		7,502		1,575
Benefit Street Partners CLO VII, Ser 2015-VIII, Cl SUB
0.000%, 07/18/2027 (E)(L)		6,715		1,815
Benefit Street Partners CLO VIII
0.000%, 01/20/2028 (A)(E)(L)		6,720		3,360

180

SEI Institutional Managed Trust / Annual Report / September 30, 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)(E)(L)	$	6,228	$	1,121
Benefit Street Partners CLO XII, Ser 2017- 12A, Cl C
3.325%, VAR ICE LIBOR USD 3 Month+3.050%, 10/15/2030 (A)(E)		1,238		1,127
Benefit Street Partners CLO XIV, Warehouse Note, Ser 2018-14A, Cl SUB
0.000%, 04/20/2031 (A)(E)(L)		3,809		2,095
Benefit Street Partners CLO XVIII, Ser 2019-18A, Cl SUB
0.000%, 10/15/2032 (A)(E)(L)		3,486		2,115
Benefit Street Partners CLO XX, Ser 2020- 20A, Cl SUB
0.000%, 07/15/2031 (A)(E)(L)		2,261		2,235
Benefit Street Partners CLO XXI, Ser 2020-21A, Cl E
8.297%, VAR ICE LIBOR USD 3 Month+8.040%, 07/15/2031 (A)		969		968
Benefit Street Partners CLO, Warehouse Note
0.000%, (E)(M)		493		493
Cathedral Lake CLO, Ser 2015-3A, Cl SUB
0.000%, 01/15/2026 (A)(E)(L)		1,869		486
Cathedral Lake V, Ser 2018-5A, Cl SUB
0.000%, 10/21/2030 (A)(E)(L)		3,139		1,083
CVP Cascade CLO, Ser 2014-2A, Cl D
5.072%, VAR ICE LIBOR USD 3 Month+4.800%, 07/18/2026 (A)(E)		2,277		1,022
CVP Cascade CLO, Ser 2014-2A, Cl E
6.072%, VAR ICE LIBOR USD 3 Month+5.800%, 07/18/2026 (A)(B)(E)		2,560		461
Dryden 75 CLO, Ser 2019-75A, Cl SUB
0.000%, 07/15/2030 (A)(E)(L)		2,915		1,982
Fifth Street Senior Loan Fund CLO, Ser 2015-1A, Cl E
8.335%, VAR ICE LIBOR USD 3 Month+7.200%, 01/20/2027 (A)(E)		3,890		3,089
Figueroa CLO, Ser 2013-2A, Cl SUB
0.000%, 06/20/2027 (A)(E)(L)		2,907		10
Great Lakes CLO, Ser 2014-1A, Cl SUB
0.000%, 10/15/2029 (A)(E)(L)		4,860		923
Great Lakes CLO, Ser 2015-1A, Cl ER
8.000%, VAR ICE LIBOR USD 3 Month+7.360%, 01/16/2030 (A)(E)		3,253		2,534
Great Lakes CLO, Ser 2015-1A, Cl FR
11.000%, VAR ICE LIBOR USD 3 Month+10.000%, 01/16/2030 (A) (B)(E)		1,232		926
Great Lakes CLO, Ser 2015-1A, Cl SUB
0.000%, 01/16/2030 (A)(E)(L)		4,519		1,107


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

ASSET-BACKED SECURITIES (continued)
Great Lakes CLO, Ser 2017-1A, Cl ER
7.775%, VAR ICE LIBOR USD 3 Month+7.500%, 10/15/2029 (A)(E)	$	3,321	$	2,703
Great Lakes CLO, Ser 2017-1A, Cl FR
10.275%, VAR ICE LIBOR USD 3 Month+10.000%, 10/15/2029 (A)(E)		1,940		1,525
Ivy Hill Middle Market Credit Fund VII, Ser 2013-7A, Cl SUB
0.000%, 10/20/2029 (A)(E)(L)		2,484		869
Ivy Hill Middle Market Credit Fund XII, Ser 2017-12A, Cl D
8.695%, VAR ICE LIBOR USD 3 Month+7.560%, 07/20/2029 (A)(E)		3,223		2,868
Ivy Hill Middle Market Credit Fund XII, Ser 2017-12A, Cl SUB
0.000%, 07/20/2029 (A)(E)(L)		651		492
Ivy Hill Middle Market Credit Fund XIV, Ser 2018-14A, Cl D
8.205%, VAR ICE LIBOR USD 3 Month+7.070%, 04/18/2030 (A)(E)		1,559		1,372
IVY Hill Middle Market Credit Fund XIV, Ser 2018-14A, Cl SUB
0.000%, 04/18/2030 (A)(E)(L)		1,169		701
JFIN CLO 2012, Ser 2018-1A, Cl BR
2.622%, VAR ICE LIBOR USD 3 Month+2.350%, 07/20/2028 (A)		1,757		1,728
Lockwood Grove CLO, Ser 2014-1A, Cl SUB
0.000%, 01/25/2030 (A)(E)(L)		3,797		1,557
Lockwood Grove CLO, Ser 2018-1A, Cl ERR
6.841%, VAR ICE LIBOR USD 3 Month+5.850%, 01/25/2030 (A)(E)		2,499		1,924
Longfellow Place CLO, Ser 2013-1A
4.219%, 04/15/2029 (B)		1,599		1,507
Neuberger Berman CLO XVI-S CLO, Ser 2018-16SA, Cl SUB
0.000%, 01/15/2028 (A)(E)(L)		1,459		819
Neuberger Berman CLO XXII CLO, Ser 2016-22A, Cl F
0.100%, 10/17/2030 (A)(E)		112		31
Neuberger Berman CLO XXII CLO, Ser 2016-22A, Cl SUB
0.000%, 10/17/2027 (A)(E)(L)		3,640		1,820
Neuberger Berman Loan Advisers CLO
0.000%, 10/20/2032 (L)		3,438		2,984
Neuberger Berman Loan Advisers CLO, Ser 2020-36A, Cl INC
0.000%, 04/20/2033 (A)(E)(L)		1,095		821
Neuberger Berman Loan Advisers CLO, Ser 2020-36A, Cl SPIN
0.000%, 04/20/2033 (A)(E)(L)		14		13
Neuberger Berman Loan Advisers Warehouse Note
0.000%, 10/20/2032 (E)(M)		2,174		2,174

SEI Institutional Managed Trust / Annual Report / September 30, 2020

181

SCHEDULE OF INVESTMENTS

September 30, 2020

High Yield Bond Fund (Continued)


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

ASSET-BACKED SECURITIES (continued)
NewStar Clarendon Fund CLO, Ser 2015-1A, Cl E
6.295%, VAR ICE LIBOR USD 3 Month+6.050%, 01/25/2027 (A)(E)	$	3,439	$	2,868
NewStar Fairfield Fund CLO, Ser 2015-2A, Cl SUB
0.000%, 04/20/2030 (A)(E)(L)		7,983		2,874
OCP CLO, Ser 2017-14A, Cl SUB
0.000%, 11/20/2030 (A)(E)(L)		1,655		960
OCP CLO, Ser 2020-19A, Cl SUB
0.000%, 07/20/2031 (A)(E)(L)		1,224		1,099
Shackleton CLO, Ser 2014-6A, Cl SUB
0.000%, 07/17/2026 (A)(E)(L)		7,935		1
Shackleton CLO, Ser 2014-6RA
0.000%, 07/17/2028 (E)(L)		6,388		958
Shackleton CLO, Ser 2019-14A, Cl SUB
0.000%, 07/20/2030 (A)(E)(L)		1,999		1,259
TCP Whitney CLO, Ser 2017-1I, Cl SUB
0.000%, 08/20/2029 (E)(L)		9,085		7,261
TCW CLO, Ser 2017-1A, Cl SUB
0.000%, 07/29/2029 (A)(E)(L)		4,194		2,726
TCW CLO, Ser 2018-1A, Cl SUB
0.000%, 04/25/2031 (A)(E)(L)		2,978		1,980
TCW CLO, Ser 2019-2A, Cl SUB
0.000%, 10/20/2032 (A)(E)(L)		3,528		2,540
TCW CLO, Ser 2020-1
0.000%, (E)(L)		5,111		3,578
Telos CLO, Ser 2018-5A, Cl BR
1.753%, VAR ICE LIBOR USD 3 Month+1.480%, 04/17/2028 (A)(E)		1,001		968
Venture 35 CLO, Ser 2018-35A, Cl SUB
0.000%, 10/22/2031 (A)(E)(L)		11,892		5,470
Venture CDO, Ser 2016-25A, Cl SUB
0.000%, 04/20/2029 (A)(E)(L)		2,030		954
Venture XXVI CLO, Ser 2017-26A, Cl SUB
0.000%, 01/20/2029 (A)(E)(L)		1,609		539
Venture XXVIII CLO, Ser 2017-28A, Cl SUB
0.000%, 07/20/2030 (A)(E)(L)		3,228		1,775
Voya CLO, Ser 2020-2
0.000%, 07/21/2031 (L)		4,915		4,697


Total Asset-Backed Securities (Cost $131,711) ($ Thousands)				128,349


	Shares
COMMON STOCK — 0.9%
21St Century Oncology Private Company (E)(G)		15,290		220
Amplify Energy *		76,297		65
Aquity Holdings Inc *(E)(H)		85,745		900
Aspect Software, Cl CR1 *(E)		27,500		—
Aspect Software, Cl CR2 *(E)		11,134		—
ATD New Holdings *(E)		1,854		30


Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Battalion Oil *		3,699	$	29
Berry Corp *		331,646		1,051
Cenveo Corp *(E)(H)		38,426		528
CHC Group LLC *		1,075		—
Clear Channel Outdoor Holdings Inc, Cl A *		202,317		202
CUI Acquisition *(E)(F)		3		—
Cumulus Media Inc, Cl A *		59,587		320
Denbury *		13,121		231
Global Aviation Holdings Inc, Cl A *(E)		97,655		—
Gymboree *(E)(H)		40,312		20
Hexion Holdings Corp *		105,856		1,085
iHeartMedia Inc *(C)		89,378		726
Jupiter Resources *(E)(H)		317,569		238
Knight Energy Services *(E)(M)		1,764		—
Medical Card Systems *(E)		284,758		—
Mmodal *(E)(H)		63,024		126
Monitronics International Inc *(E)(G)(H)		107,178		828
Monitronics International Inc *(E)(G)(H)		105,722		816
Motors Liquidation GUC Trust *		213		—
MTY Holdings LLC (E)(G)		273,738		219
Neiman Marcus Group (E)(F)		6,554		524
Nine West FKA Premier Brands		92,548		324
Parker Drilling *(H)		79,089		238
Quad/Graphics Inc *		166		—
Reichhold Industries *(E)(G)		1,427		1,625
Remainco LLC (E)(G)		27,268		33
Remington Outdoor Company Inc *(E)(G)		12,794		—
Rue 21 *		1,835		74
SandRidge Energy *		3,760,982		13
TE Holdcorp *(E)		50,160		—
Titan Energy LLC *		22,243		1
VICI Properties Inc ^‡		81,122		1,896
Vistra Corp		28,053		529
Whiting Petroleum *		13,557		235
Windstream Services		10,897		113


Total Common Stock (Cost $29,604) ($ Thousands)				13,239


	Face Amount (Thousands)
CONVERTIBLE BONDS — 0.8%
Air Canada CV to 65.1337
4.000%, 07/01/2025 (A)	$	260		294
Apollo Commercial Real Estate Finance CV to 50.2260
4.750%, 08/23/2022		282		263
Blackstone Mortgage Trust CV to 28.0324
4.375%, 05/05/2022		846		813
CHC Group CV to 125.0000
8.680%, 10/01/2020 (E)(N)		55		8
Cheniere Energy CV to 7.2265
4.250%, 03/15/2045		615		440

182

SEI Institutional Managed Trust / Annual Report / September 30, 2020


Description

CONVERTIBLE BONDS (continued)
Chesapeake Energy CV to 116.7134
5.500%, 09/15/2026 (B)	$	100	$	3
CNX Resources CV to 77.8816
2.250%, 05/01/2026 (A)		930		961
Colony Capital Operating CV to 434.7826
5.750%, 07/15/2025 (A)		195		287
DISH Network CV to 26.9925
3.375%, 08/15/2026		465		427
Golar LNG CV to 26.9925
2.750%, 02/15/2022		556		423
Liberty Latin America CV to 48.4315
2.000%, 07/15/2024		1,740		1,423
Liberty Media CV to 16.7764
3.750%, 02/15/2030		2,559		1,894
Liberty Media CV to 22.94686
4.000%, 11/15/2029		491		364
MagnaChip Semiconductor CV to 121.1387
5.000%, 03/01/2021		300		504
MGIC Investment CV to 74.0741
9.000%, 04/01/2063 (A)		2,242		2,864
Oasis Petroleum CV to 76.365
2.625%, 09/15/2023 (B)		105		24
Royal Caribbean Cruises CV to 13.8672
4.250%, 06/15/2023 (A)		230		268
Snap CV to 46.1233
0.250%, 05/01/2025 (A)		283		392


Total Convertible Bonds (Cost $11,136) ($ Thousands)				11,652


	Shares		Market Value ($ Thousands)
PREFERRED STOCK — 0.5%
2020 Mandatory Exchangeable Trust, 6.500% *		552		733
AMC Entertainment, 0.000% *		793		4
Boardriders, 0.000% *(E)(G)		215,931		222
Claire’s Stores, 0.000% *(E)		815		860
Crestwood Equity Partners, 9.250% (O)		287,999		1,696
Danaher, 5.000% *		554		708
FHLMC, 0.000% *		16,903		212
FNMA, 0.000% *		24,650		322
Foresight, 0.000% *		32,601		294
Ladenburg Thalmann Financial Services,
6.500%		64,356		1,054
Myt Holdings LLC, 0.000% *(E)(G)		384,147		363
Neiman Marcus Group, 0.000% *(E)(G)		3,938		—
TE Holdcorp, 0.000% *(E)		87,794		—


Total Preferred Stock (Cost $7,711) ($ Thousands)				6,468


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

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	$	1,739


Puerto Rico — 0.2%
Commonwealth of Puerto Rico, Ser A, GO
5.250%, 07/01/2023 (B)(E)		350		230
5.125%, 07/01/2037 (B)		340		220
5.000%, 07/01/2041 (B)		765		482
Puerto Rico, Electric Power Authority, Ser A, RB
5.000%, 07/01/2042 (B)(E)		135		89
Puerto Rico, Electric Power Authority, Ser AAA, RB
5.250%, 07/01/2025 (B)(E)		190		126
5.250%, 07/01/2027 (B)(E)		245		162
Puerto Rico, Electric Power Authority, Ser CCC, RB
5.250%, 07/01/2026 (B)		390		258
5.250%, 07/01/2027 (B)(E)		320		212
Puerto Rico, Electric Power Authority, Ser NN, RB
5.500%, 07/01/2020 (B)(E)		390		259
Puerto Rico, Electric Power Authority, Ser TT, RB
5.000%, 07/01/2032 (B)(E)		250		165
Puerto Rico, Electric Power Authority, Ser WW, RB
5.500%, 07/01/2020 (B)(E)		165		109
Puerto Rico, Electric Power Authority, Ser WW, RB
5.500%, 07/01/2021 (B)(E)		170		113
5.500%, 07/01/2038 (B)(E)		75		50
5.250%, 07/01/2033 (B)(E)		105		69
Puerto Rico, Electric Power Authority, Ser XX, RB
5.250%, 07/01/2035 (B)		60		40


				2,584


Total Municipal Bonds (Cost $4,298) ($ Thousands)				4,323

SEI Institutional Managed Trust / Annual Report / September 30, 2020

183

SCHEDULE OF INVESTMENTS

September 30, 2020

High Yield Bond Fund (Continued)



Description	Number of Warrants		Market Value ($ Thousands)

WARRANTS — 0.0%
Carestream, Expires Strike Price $– *		36	$	–
Guitar Center, Expires 12/30/2027 Strike Price $– *(E)		14,007		–
iHeartCommunications, Expires 05/01/2039 Strike Price $– *(E)(G)		14,644		110
Lion Holding, Expires 12/30/2027 Strike Price $– *		1,575		–
Remington Arms, Expires Strike Price $– *(E)(G)		12,902		–
SandRidge Energy, Expires 10/07/2022 Strike Price $41 *		7,382		–
SandRidge Energy, Expires 10/07/2022 Strike Price $42 *		3,108		–
Windstream Services, Expires Strike Price $– *		12,184		109


Total Warrants (Cost $405) ($ Thousands)				219



Description	Shares		Market Value ($ Thousands)

AFFILIATED PARTNERSHIP — 0.0%
SEI Liquidity Fund, L.P.
0.100% **(P)		1,142	$	1


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


CASH EQUIVALENT — 0.5%
SEI Daily Income Trust, Government Fund, Cl F
0.010%**^†		7,809,554		7,810


Total Cash Equivalent (Cost $7,810) ($ Thousands)				7,810


Total Investments in Securities — 99.8% (Cost $1,480,704) ($ Thousands)			$	1,429,319

A list of the open centrally cleared swap agreements held by the Fund at September 30, 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.HY.34

Sell

5.00%

Quarterly

06/20/2025

(1,000

)

Percentages are based on Net Assets of $1,432,360 ($ Thousands).

*	Non-income producing security.

**	The rate reported is the 7-day effective yield as of September 30, 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 September 30, 2020, the value of these securities amounted to $897,508 ($ Thousands), representing 62.7% of the Net Assets of the Fund.

(B)	Security is in default on interest payment.

(C)	Security, or a portion thereof, is owned through a holding entity, Bamboo Temple, LLC.

(D)	Perpetual security with no stated maturity date.

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

(F)	Securities considered restricted. The total market value of such securities as of September 30, 2020 was $50 ($ 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 September 30, 2020 was $27,580 ($ Thousands) and represented 1.9% of the Net Assets of the Fund.

(H)	Securities considered illiquid. The total value of such securities as of September 30, 2020 was $3,699 ($ Thousands) and represented 0.4% of the Net Assets of the Fund.

(I)	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.

(J)	Unsettled bank loan. Interest rate may not be available.

(K)	Security, or a portion thereof, is owned through a holding entity, 717 AEP Leasing, LLC.

(L)	No interest rate available.

(M)	Warehouse Note - Interest rate and maturity date are unavailable.

(N)	Security, or a portion thereof, is owned through a holding entity, Knights Energy Topco, LLC.

(O)	Security is a Master Limited Partnership. At September 30, 2020, such securities amounted to $1,696 ($ Thousands), or 0.1% of the Net Assets of the Fund (See Note 2).

(P)	This security was purchased with cash collateral held from securities on loan. The total market value of such securities as of September 30, 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

Ser — Series

184

SEI Institutional Managed Trust / Annual Report / September 30, 2020

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 September 30, 2020, in valuing the Fund’s investments carried at value ($ Thousands):



Investments in Securities	Level 1 ($)		Level 2 ($)		Level 3 ($)		Total ($)
Corporate Obligations		–		1,113,520		7,108		1,120,628
Loan Participations		–		111,678		24,952		136,630
Asset-Backed Securities		–		13,384		114,965		128,349
Common Stock		6,621		511		6,107		13,239
Convertible Bonds		–		11,644		8		11,652
Preferred Stock		2,018		3,005		1,445		6,468
Municipal Bonds		–		2,739		1,584		4,323
Warrants		–		109		110		219
Affiliated Partnership		–		1		–		1
Cash Equivalent		7,810		–		–		7,810

Total Investments in Securities		16,449		1,256,591		156,279		1,429,319




Other Financial Instruments	Level 1 ($)		Level 2 ($)		Level 3 ($)		Total ($)
Centrally Cleared Swaps
Credit Default Swaps*
Unrealized Appreciation		–		44		–		44

Total Other Financial Instruments		–		44		–		44

*	Swap contracts are valued at the unrealized appreciation 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 Corporate Obligations			Investments in Loan Participations			Investments in Asset-Backed Securities			Investments in Common Stock			Investments in Convertible Bonds			Investments in Preferred Stock			Investments in Municipal Bonds		Investments in Warrants
Balance as of September 30, 2019	$	2,877		$	18,149		$	145,954		$	7,090		$	14		$	1,270		$	–	$	190
Accrued discounts/premiums		125			108			213			–			5			–			–		–
Realized gain/(loss)		167			281			1,871			696			–			69			–		–
Change in unrealized appreciation/ (depreciation)		1,075			(467	)		(40,212	)		(1,919	)		(11	)		(63	)		–		(80	)
Purchases		3,520			8,056			44,860			537			–			369			–		–
Sales		(796	)		(2,601	)		(37,721	)		(1,048	)		–			(200	)		–		–
Net transfer into Level 3		140			9,895			–			751			–			–			1,584		–
Net transfer out of Level 3		–			(8,469	)		–			–			–			–			–		–
Ending Balance as of September 30, 2020⁽¹⁾	$	7,108		$	24,952		$	114,965		$	6,107		$	8		$	1,445		$	1,584	$	110
Changes in unrealized gains/(losses) included in earnings related to securities still held at reporting date	$	1,036		$	(275	)	$	(39,259	)	$	(3,936	)	$	(945	)	$	246		$	71	$	(77	)

(1) Of the $156,279 ($ Thousands) in Level 3 securities as of September 30, 2020, $14,013 ($ Thousands) or 1.0% 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.

For the year ended September 30, 2020, there were transfers between Level 2 and Level 3 assets and liabilities due to the availability of observable inputs to determine fair value.

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

SEI Institutional Managed Trust / Annual Report / September 30, 2020

185

SCHEDULE OF INVESTMENTS

September 30, 2020

High Yield Bond Fund (Concluded)

The following is a summary of the Fund’s transactions with affiliates for the year ended September 30, 2020 ($ Thousands):



Security Description	Value 9/30/2019	Purchases at Cost	Proceeds from Sales	Realized Gain/ (Loss)	Change in Unrealized Appreciation/ (Depreciation)	Value 9/30/2020	Shares	Income	Capital Gains
SEI Liquidity Fund, L.P.	$1	$—	$—	$—	$—	$1	1,142	$—	$—
SEI Daily Income Trust, Government Fund, Cl F	90,038	744,621	(826,849)	—	—	7,810	7,809,554	493	—

Totals	$90,039	$744,621	$(826,849)	$—	$—	$7,811		$493	$—

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

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

186

SEI Institutional Managed Trust / Annual Report / September 30, 2020

SCHEDULE OF INVESTMENTS

September 30, 2020

Conservative Income Fund

LOGO

^†Percentages are based on total investments.



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

COMMERCIAL PAPER — 43.7%

Banks — 2.1%
Banque et Caisse d Epargne de l Etat
0.220%, 04/08/2021 (A)	$	4,000	$	3,996
BNP Paribas
1.825%, 10/02/2020 (A)		2,000		2,000
UBS AG
1.813%, 01/25/2021 (A)		1,000		999

				6,995


Financials — 40.4%
ABN AMRO Funding
1.823%, 10/02/2020 (A)		3,000		3,000
Antalis
0.230%, 11/03/2020 (A)		5,000		4,999
Atlantic Asset Securitization
0.140%, 10/26/2020 (A)		5,000		4,999
Barton Capital
0.180%, 12/01/2020 (A)		2,000		1,999
Bayerische Landesbank
0.120%, 10/01/2020 (A)		5,000		5,000
0.105%, 10/02/2020 (A)		5,000		5,000
Bedford Row Funding
0.318%, 08/12/2021		1,000		1,000
0.271%, 04/26/2021 (A)		1,000		999
0.100%, 10/01/2020 (A)		7,000		7,000
Bennington Stark Capital
0.270%, 10/14/2020 (A)		2,000		2,000
BPCE
0.502%, 12/08/2020 (A)		2,000		2,000
0.491%, 12/01/2020 (A)		2,500		2,499
0.301%, 05/13/2021 (A)		1,000		999
CAFCO
0.220%, 10/07/2020 (A)		3,000		3,000
Chariot Funding
0.249%, 02/01/2021 (A)		3,000		2,998
Citigroup Global Markets
0.261%, 06/04/2021 (A)		4,000		3,994
Crown Point Capital
0.341%, 02/01/2020 (A)		1,500		1,499
0.320%, 10/02/2020 (A)		2,500		2,500
Dexia Credit Local
0.170%, 10/14/2020 (A)		6,000		6,000



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

COMMERCIAL PAPER (continued)
Fairway Finance Co
0.310%, 12/02/2020 (A)	$	4,000	$	3,999
0.290%, 01/11/2021 (A)		3,000		2,998
Jupiter Securitization Co
0.331%, 11/23/2020 (A)		3,500		3,499
Landesbank Baden-Wuerttemberg NY
0.120%, 10/01/2020 (A)		4,000		4,000
0.110%, 10/06/2020 (A)		7,000		7,000
Longship Funding
0.110%, 10/02/2020 (A)		3,000		3,000
Macquarie Bank
0.250%, 10/08/2020 (A)		6,000		6,000
Manhattan Asset Funding
0.150%, 10/22/2020 (A)		5,000		4,999
0.140%, 10/21/2020 (A)		3,000		3,000
Mitsubishi UFJ Financial Group
0.310%, 02/22/2021 (A)		500		499
Mizuho Bank NY
0.301%, 02/18/2021 (A)		4,500		4,496
Nederlandse Waterschapsbank
0.140%, 10/08/2020 (A)		4,000		4,000
NRW Bank
0.140%, 10/01/2020 (A)		8,000		8,000
0.100%, 10/07/2020 (A)		3,000		3,000
Old Line Funding
0.431%, 10/20/2020 (A)		3,000		3,000
0.310%, 01/04/2021 (A)		2,000		1,999
Ridgefield Funding
0.198%, 11/09/2020 (A)		2,000		2,000
Starbird Funding
0.270%, 11/09/2020 (A)		1,000		1,000
Suncorp-Metway
0.401%, 11/04/2020 (A)		5,000		4,999
0.341%, 12/09/2020 (A)		3,000		2,998
Victory Receivables
0.200%, 12/14/2020 (A)		2,000		1,999

				137,970


Government — 0.9%
Government of Canada
0.310%, 11/03/2020 (A)		3,000		3,000


Industrials — 0.3%
Coca-Cola
1.623%, 01/14/2021 (A)		1,000		1,000


Total Commercial Paper (Cost $148,941) ($ Thousands)				148,965

SEI Institutional Managed Trust / Annual Report / September 30, 2020

187

SCHEDULE OF INVESTMENTS

September 30, 2020

Conservative Income Fund (Continued)



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

CORPORATE OBLIGATIONS — 6.0%

Consumer Discretionary — 1.2%
Jets Stadium Development
0.250%, 04/01/2047 (B)(C)	$	4,000	$	4,000


Financials — 4.8%
Bank of Montreal
0.320%, VAR ICE LIBOR USD 3 Month+0.040%, 09/17/2021		2,000		2,000
Bank of Nova Scotia
0.540%, VAR US Federal Funds Effective Rate+0.450%, 10/23/2020		1,000		1,000
0.343%, VAR ICE LIBOR USD 3 Month+0.100%, 02/08/2021		1,500		1,501
Canadian Imperial Bank of Commerce NY
0.396%, VAR ICE LIBOR USD 3 Month+0.140%, 07/23/2021		1,500		1,502
DNB Bank
0.449%, VAR ICE LIBOR USD 3 Month+0.200%, 05/05/2021		1,500		1,501
Mizuho Bank NY
0.396%, VAR ICE LIBOR USD 3 Month+0.100%, 10/01/2020		2,000		2,000
Svenska Handelsbanken NY
0.452%, VAR ICE LIBOR USD 3 Month+0.150%, 10/02/2020		2,000		2,000
0.405%, VAR ICE LIBOR USD 1 Month+0.250%, 01/04/2021		2,000		2,001
0.347%, VAR ICE LIBOR USD 3 Month+0.110%, 06/16/2021		1,000		1,001
Wells Fargo Bank
0.366%, VAR ICE LIBOR USD 3 Month+0.110%, 02/22/2021		1,000		1,000
Westpac Banking
0.392%, VAR ICE LIBOR USD 3 Month+0.150%, 12/09/2020		1,000		1,001

				16,507


Total Corporate Obligations (Cost $20,500) ($ Thousands)				20,507


U.S. TREASURY OBLIGATIONS — 1.8%
U.S. Treasury Bills
0.182%, 03/25/2021 (A)		5,000		4,997



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

U.S. TREASURY OBLIGATIONS (continued)
U.S. Treasury Notes
0.320%, VAR US Treasury 3 Month Bill Money Market Yield+0.220%, 07/31/2021 (C)	$	1,000	$	1,002


Total U.S. Treasury Obligations (Cost $5,995) ($ Thousands)				5,999


CERTIFICATES OF DEPOSIT — 23.8%
Bank of America
0.300%, 10/01/2021		500		500
Bank of Montreal
0.343%, 06/24/2021		1,000		1,001
0.299%, 08/06/2021		2,000		2,000
Bank of Nova Scotia
0.283%, 08/10/2021		1,500		1,500
BNP Paribas
0.309%, 02/05/2021		2,000		2,001
Canadian Imperial Bank of Commerce NY
0.409%, 08/06/2021		1,000		1,001
0.290%, 10/04/2021		1,500		1,500
Citibank
0.270%, 06/14/2021		3,000		3,000
Collateralized Commercial Paper FLEX Co
0.397%, 01/08/2021		2,500		2,501
Credit Industriel et Commercial
0.413%, 06/18/2021		1,000		1,001
Credit Suisse
0.500%, 04/01/2021		1,000		1,001
DNB Bank
0.325%, 06/25/2021		2,000		2,001
HSBC Bank
0.436%, 12/01/2020		1,000		1,000
0.386%, 08/31/2021		2,000		2,001
ING U.S.
0.476%, 10/07/2020		2,000		2,000
Mitsubishi UFJ Financial Group
0.330%, 11/02/2020		3,000		3,001
Mizuho Bank NY
0.386%, 01/04/2021		2,000		2,001
MUFG Bank NY
0.300%, 01/26/2021		3,000		3,001
0.290%, 01/28/2021		3,000		3,001
National Australia Bank
0.397%, 07/08/2021		1,000		1,001
0.362%, 12/09/2020		1,000		1,000
Nordea Bank
0.342%, 06/09/2021		1,500		1,501
OCBC Bank
0.250%, 10/09/2020		2,000		2,000
Royal Bank of Canada
0.650%, 05/03/2021		1,000		1,003

188

SEI Institutional Managed Trust / Annual Report / September 30, 2020



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

CERTIFICATES OF DEPOSIT (continued)
0.430%, 07/26/2021	$	1,500	$	1,505
Skandinaviska Enskilda Banken NY
1.930%, 10/16/2020		2,000		2,002
Societe Generale
0.327%, 03/19/2021		2,000		2,000
Standard Chartered
0.327%, 03/03/2021		3,000		3,001
Sumitomo Mitsui Banking
0.386%, 01/04/2021		1,500		1,500
0.376%, 01/04/2021		1,500		1,500
0.335%, 12/22/2020		2,000		2,001
0.323%, 12/23/2020		2,000		2,001
0.140%, 11/09/2020		6,000		6,000
Svenska Handelsbanken NY
0.425%, 10/15/2020		1,500		1,500
0.283%, 08/09/2021		1,750		1,750
0.271%, 09/02/2021		1,000		1,000
Toronto-Dominion Bank
0.430%, 07/28/2021		1,500		1,503
0.400%, 08/16/2021		1,000		1,001
0.384%, 08/24/2021		1,000		1,001
UBS AG
0.443%, 07/09/2021		1,500		1,501
0.403%, 06/23/2021		1,000		1,001
0.348%, 01/28/2021		1,500		1,500
Wells Fargo Bank
0.390%, 02/16/2021		1,500		1,500
Westpac Banking
0.397%, 07/02/2021		1,000		1,001
Westpac Securities NZ
0.328%, 01/22/2021		1,000		1,000
0.308%, 10/30/2020		3,000		3,000


Total Certificates of Deposit (Cost $81,250) ($ Thousands)				81,285



Description	Shares		Market Value ($ Thousands)

CASH EQUIVALENT — 0.2%
SEI Daily Income Trust, Government Fund, Cl F
0.010%**^†		715,509	$	716


Total Cash Equivalent (Cost $716) ($ Thousands)				716


	Face Amount (Thousands)

REPURCHASE AGREEMENTS — 24.3%
Bank of America Securities 0.080%, dated 9/30/2020, to be repurchased on 10/01/2020, repurchase price $29,000,064 (collateralized by GNMA obligation, par value $31,324,310, 4.000%, 8/15/2047; with total market value $29,580,001) (D)	$	29,000		29,000
Goldman Sachs & Co 0.080%, dated 9/30/2020, to be repurchased on 10/01/2020, repurchase price $22,000,049 (collateralized by GNMA obligation, par value $21,247,929, 3.500%, 6/20/2050; with total market value $22,440,001) (D)		22,000		22,000
TD Securities 0.080%, dated 9/30/2020, to be repurchased on 10/01/2020, repurchase price $32,000,071 (collateralized by U.S. Treasury obligation, par value $33,785,500, 1.250%, 5/15/2050; with total market value $32,640,087) (D)		32,000		32,000


Total Repurchase Agreements (Cost $83,000) ($ Thousands)				83,000


Total Investments in Securities — 99.8% (Cost $340,402) ($ Thousands)			$	340,472

Percentages are based on Net Assets of $341,286 ($ Thousands).

**	The rate reported is the 7-day effective yield as of September 30, 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 September 30, 2020, the value of these securities amounted to $4,000 ($ Thousands), representing 1.2% of the Net Assets of the Fund.

(D)	Tri-Party Repurchase Agreement.

Cl — Class

GNMA — Government National Mortgage Association

ICE — Intercontinental Exchange

SEI Institutional Managed Trust / Annual Report / September 30, 2020

189

SCHEDULE OF INVESTMENTS

September 30, 2020

Conservative Income Fund (Concluded)

LIBOR — London Interbank Offered Rate

USD — United States Dollar

VAR — Variable Rate

The following is a list of the level of inputs used as of September 30, 2020, in valuing the Fund’s investments carried at value ($ Thousands):

Investments in Securities

Level 1
($)

Level 2
($)

Level 3
($)

Total
($)

Commercial Paper

–

148,965

–

148,965

Corporate Obligations

–

20,507

–

20,507

U.S. Treasury Obligations

–

5,999

–

5,999

Certificates of Deposit

–

81,285

–

81,285

Cash Equivalent

716

–

716

Repurchase Agreements

–

83,000

–

83,000

Total Investments in Securities

716

339,756

–

340,472

For the year ended September 30, 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 year ended September 30, 2020 ($ Thousands):



Security Description	Value 9/30/2019	Purchases at Cost	Proceeds from Sales	Realized Gain/ (Loss)	Change in Unrealized Appreciation/ (Depreciation)	Value 9/30/2020	Shares	Income	Capital Gains
SEI Daily Income Trust, Government Fund, Cl F	$46	$9,292	$(8,622)	$—	$—	$716	715,509	$—	$—

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

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

190

SEI Institutional Managed Trust / Annual Report / September 30, 2020

SCHEDULE OF INVESTMENTS

September 30, 2020

Tax-Free Conservative Income Fund

LOGO

^†Percentages are based on total investments.



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

MUNICIPAL BONDS — 84.5%

Alaska — 0.4%
Alaska State, Housing Finance, Ser B, RB
Callable 10/08/2020 @ 100 0.100%, 12/01/2030 (A)	$	960	$	960


Arizona — 0.9%
Yavapai County, Industrial Development Authority, Drake Cement Project, Ser A, RB
Callable 10/02/2020 @ 100 0.140%, 09/01/2035 (A)(B)		2,000		2,000


California — 2.3%
Southern California, Metropolitan Water District, Sub-Ser C, RB
Callable 03/23/2021 @ 100 0.360%, 07/01/2047 (A)		5,000		5,002


Colorado — 0.7%
University of Colorado, Ser A-1, RB
Callable 10/02/2020 @ 100 0.100%, 06/01/2050 (A)		1,600		1,600


Connecticut — 2.0%
Connecticut State, Housing Finance Authority, Mortgage Finance Program, Sub-Ser A-3, RB
Callable 10/02/2020 @ 100 0.110%, 11/15/2045 (A)		1,150		1,150
Connecticut State, Ser C, GO
Callable 10/02/2020 @ 100 0.180%, 05/15/2034 (A)		3,170		3,170


				4,320


District of Columbia — 4.0%
District of Columbia, Community Connections Real Estate Foundation Project, Ser A, RB
Callable 11/02/2020 @ 100 0.170%, 07/01/2032 (A)(B)		2,200		2,200
District of Columbia, Medlantic/Helix Project, Ser A, RB
Callable 11/02/2020 @ 100 0.100%, 08/15/2038 (A)(B)		2,300		2,300
RBC Municipal Products Trust, Ser 2018- G63, GO
0.140%, 12/01/2023 (A)(B)(C)		2,000		2,000



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

MUNICIPAL BONDS (continued)
Tender Option Bond Trust Receipts, Ser 2019-XG0267, RB
Callable 10/01/2029 @ 100 0.170%, 10/01/2053 (A)(B)(C)	$	2,205	$	2,205


				8,705


Florida — 5.4%
Hillsborough County, Industrial Development Authority, Baycare Health Systems, RB
Callable 10/02/2020 @ 100 0.030%, 11/01/2038 (A)(B)		800		800
Miami-Dade County, Industrial Development Authority, Dave and Mary Alper Jewish Community Center Project, RB
Callable 10/02/2020 @ 100 0.130%, 04/01/2032 (A)(B)		2,895		2,895
Palm Beach County, Raymond Kravis Center Project, RB
Callable 11/02/2020 @ 100 0.100%, 07/01/2032 (A)(B)		4,200		4,200
Sunshine State, Governmental Financing Commission, Miami-Dade County Program, RB
Callable 10/02/2020 @ 100 0.120%, 09/01/2035 (A)(B)		3,800		3,800


				11,695


Georgia — 0.9%
Georgia State, Municipal Electric Authority, Project One, Sub-Ser B, RB
Callable 10/02/2020 @ 100 0.090%, 01/01/2048 (A)(B)		2,000		2,000


Illinois — 5.2%
Illinois State, Development Finance Authority, Glenwood School For Boys, RB
Callable 10/02/2020 @ 100 0.120%, 02/01/2033 (A)(B)		2,000		2,000
Illinois State, Finance Authority, Advocate Health Care Network, Sub-Ser C-1, RB
Callable 10/02/2020 @ 100 0.130%, 11/01/2038 (A)		1,320		1,320
Illinois State, Finance Authority, Northwestern University, Sub-Ser, RB
Callable 10/02/2020 @ 100 0.080%, 12/01/2046 (A)		1,980		1,980
Illinois State, Finance Authority, YMCA Metropolitan Chicago Project, RB
Callable 10/02/2020 @ 100 0.130%, 06/01/2029 (A)(B)		1,800		1,800

SEI Institutional Managed Trust / Annual Report / September 30, 2020

191

SCHEDULE OF INVESTMENTS

September 30, 2020

Tax-Free Conservative Income Fund (Continued)



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

MUNICIPAL BONDS (continued)
Tender Option Bond Trust Receipts, Ser 2015-XF1043, GO
0.170%, 03/01/2033 (A)(B)(C)	$	4,250	$	4,250


				11,350


Iowa — 5.2%
Iowa State, Finance Authority, Midwestern Disaster Area Economic Development, CJ Bio America Project, RB
Callable 10/02/2020 @ 100 0.290%, 04/01/2022 (A)(B)		6,300		6,300
Iowa State, Finance Authority, Pollution Control Facilities, MidAmerican Energy Project, RB
Callable 11/02/2020 @ 100 0.140%, 09/01/2036 (A)		1,500		1,500
Iowa State, Finance Authority, Pollution Control Facilities, MidAmerican Energy Project, Ser B, RB
Callable 10/02/2020 @ 100 0.140%, 05/01/2023 (A)		3,000		3,000
Iowa State, Finance Authority, RB, GNMA/ FNMA/FHLMC
Callable 10/02/2020 @ 100 0.100%, 07/01/2046 (A)		625		625


				11,425


Louisiana — 0.7%
Louisiana State, Offshore Terminal Authority, RB
Callable 11/02/2020 @ 100 0.130%, 09/01/2033 (A)(B)		1,450		1,450


Maryland — 1.0%
Maryland State, Community Development Administration, Department of Housing and Community Development, Crusader Arms Apartments Project, Ser D, RB
Callable 11/02/2020 @ 100 0.140%, 02/01/2041 (A)		1,070		1,070
Maryland State, Economic Development Authority, Academy of Sciences Project, RB
0.150%, 04/01/2033 (A)(B)		1,000		1,000


				2,070


Massachusetts — 1.9%
Truro, GO
2.000%, 06/11/2021		2,900		2,935
Worcester, GO
2.000%, 02/16/2021		1,200		1,208


				4,143



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

MUNICIPAL BONDS (continued)

Michigan — 1.8%
Michigan State University, Ser A, RB
Callable 10/02/2020 @ 100 0.130%, 02/15/2033 (A)	$	1,800	$	1,800
Michigan State, Housing Development Authority, Single Family Mortgage Project, Ser D, RB
Callable 11/02/2020 @ 100 0.200%, 06/01/2030 (A)		2,100		2,100


				3,900


Mississippi — 4.9%
Jackson County, Chevron USA Project, RB
Callable 11/02/2020 @ 100 0.050%, 06/01/2023 (A)		2,100		2,100
Mississippi State, Business Finance, Chevron USA Project, Ser C, RB
Callable 11/02/2020 @ 100 0.050%, 12/01/2030 (A)		1,100		1,100
Mississippi State, Business Finance, Chevron USA Project, Ser E, RB
Callable 11/02/2020 @ 100 0.050%, 12/01/2030 (A)		4,500		4,500
Mississippi State, Business Finance, Chevron USA Project, Ser F, RB
Callable 11/02/2020 @ 100 0.050%, 12/01/2030 (A)		2,100		2,100
Mississippi State, Business Finance, Chevron USA Project, Ser I, RB
Callable 11/02/2020 @ 100 0.050%, 11/01/2035 (A)		1,000		1,000


				10,800


Missouri — 1.6%
RBC Municipal Products Trust, Ser C-16, RB
0.180%, 09/01/2039 (A)(B)(C)		3,500		3,500


Nevada — 1.0%
Reno, Hospital Revenue Authority, Renown Regional Medical Center Project, RB
Callable 10/02/2020 @ 100 0.080%, 06/01/2041 (A)(B)		1,460		1,460
Tender Option Bond Trust Receipts, Ser 2020-XF2858, RB
Callable 07/01/2029 @ 100 0.180%, 07/01/2050 (A)(C)		700		700


				2,160

192

SEI Institutional Managed Trust / Annual Report / September 30, 2020



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

MUNICIPAL BONDS (continued)

New Hampshire — 0.3%
New Hampshire, Health and Education Facilities Authority, University System of New Hampshire, RB
Callable 10/02/2020 @ 100 0.050%, 07/01/2035 (A)	$	700	$	700


New Jersey — 2.8%
Jersey City, Ser C, GO
2.000%, 06/17/2021		5,000		5,063
Tinton Falls, GO
2.000%, 10/29/2020		1,000		1,001


				6,064


New York — 13.0%
Carmel, Central School District, GO
1.500%, 06/17/2021		2,000		2,015
New York and New Jersey, Port Authority, RB
0.370%, 10/14/2020		2,000		2,000
New York City, Sub-Ser B, GO
Callable 10/02/2020 @ 100 0.060%, 10/01/2046 (A)		625		625
New York City, Sub-Ser D, GO
Callable 10/02/2020 @ 100 0.060%, 12/01/2047 (A)		1,100		1,100
New York City, Sub-Ser, GO
Callable 10/02/2020 @ 100 0.040%, 04/01/2042 (A)(B)		900		900
New York City, Transitional Finance Authority, Future Tax Secured Revenue, RB
Callable 10/02/2020 @ 100 0.030%, 11/01/2029 (A)		500		500
New York City, Transitional Finance Authority, Future Tax Secured Revenue, Sub-Ser, RB
Callable 10/02/2020 @ 100 0.070%, 02/01/2044 (A)		2,800		2,800
New York City, Water & Sewer System, RB
Callable 10/02/2020 @ 100
0.060%, 06/15/2039 (A)		1,200		1,200
0.040%, 06/15/2048 (A)		6,000		6,000
0.030%, 06/15/2043 (A)		275		275
New York City, Water & Sewer System, Sub-Ser BB-4-RE, RB
Callable 10/02/2020 @ 100 0.060%, 06/15/2050 (A)		2,140		2,140
New York State, Dormitory Authority, Sub-Ser B, RB
5.000%, 03/31/2021		2,200		2,253
New York State, Power Authority, RB
0.180%, 10/06/2020		1,100		1,100



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

MUNICIPAL BONDS (continued)
Oneida County, Industrial Development Agency, Mohawk Valley Community College Dormitory Project, Ser A, RB
Callable 10/02/2020 @ 100 0.170%, 08/01/2036 (A)(B)	$	1,200	$	1,200
Oswego County, Industrial Development Agency, O.H. Properties Project, Ser A, RB
Callable 10/02/2020 @ 100 0.170%, 06/01/2024 (A)(B)		505		505
RBC Municipal Products Trust, Ser 2018-G5, GO
0.140%, 10/01/2025 (A)(B)(C)		1,900		1,900
Tender Option Bond Trust Receipts, Ser 2017-XF0550, RB
Callable 02/15/2027 @ 100 0.210%, 02/15/2042 (A)(C)		2,000		2,000


				28,513


North Carolina — 0.5%
North Carolina, Medical Care Commission, Ser A, RB
Callable 10/02/2020 @ 100 0.090%, 10/01/2035 (A)		800		800
Raleigh, Downtown Improvement Project, Ser A, RB
Callable 11/02/2020 @ 100 0.090%, 06/01/2034 (A)		200		200


				1,000


North Dakota — 1.2%
North Dakota, Housing Finance Agency, Ser H, RB
Callable 10/02/2020 @ 100 0.110%, 07/01/2039 (A)		2,600		2,600


Ohio — 3.0%
Akron, Bath Copley Joint Township Hospital District, Ser B-R, RB
Callable 10/02/2020 @ 100 0.100%, 11/15/2047 (A)(B)		995		995
Berea, GO
2.000%, 03/11/2021		3,285		3,309
Franklin County, Hospital Facilities Revenue, RB
Callable 10/02/2020 @ 100 0.120%, 11/15/2041 (A)		500		500
Hamilton County, HealthCare Facilities Authority, Children’s Home Project, RB
Callable 10/02/2020 @ 100 0.110%, 03/01/2033 (A)(B)		800		800

SEI Institutional Managed Trust / Annual Report / September 30, 2020

193

SCHEDULE OF INVESTMENTS

September 30, 2020

Tax-Free Conservative Income Fund (Concluded)



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

MUNICIPAL BONDS (continued)
Parma, GO
1.000%, 07/22/2021	$	1,000	$	1,006


				6,610


Pennsylvania — 1.5%
Montgomery County, Industrial Development Authority, Acts Retirement Life Communities, RB, AGC
Callable 11/01/2020 @ 100 0.150%, 11/15/2029 (A)		175		175
Philadelphia Gas Works, Ser D, RB
Callable 11/02/2020 @ 100 0.100%, 08/01/2031 (A)(B)		600		600
Philadelphia, Ser A, RB
4.000%, 06/30/2021		2,000		2,056
Southcentral, General Authority, RB
Callable 10/02/2020 @ 100 0.150%, 06/01/2037 (A)		500		500


				3,331


Tennessee — 0.9%
Clarksville, Public Building Authority, Pooled Financing, RB
Callable 11/01/2020 @ 100 0.130%, 06/01/2029 (A)(B)		2,000		2,000


Texas — 14.4%
Dallas, Independent School District, GO
0.250%, 10/04/2068 (A)		1,500		1,500
Dallas, Rapid Transit, RB
0.210%, 11/12/2020		500		500
Harris County, Health Facilities Development Authority, Methodist Hospital System Project, RB
Callable 10/02/2020 @ 100 0.050%, 12/01/2041 (A)		1,300		1,300
Houston, Combined Utility System Revenue, RB
Callable 10/02/2020 @ 100 0.110%, 05/15/2034 (A)(B)		1,125		1,125
North East, Independent School District, RB
0.210%, 12/08/2020		1,000		1,000
North Fort Bend, Water Authority, Ser 2019-XF0816, RB
0.210%, 06/15/2027 (A)(C)		1,500		1,500
Port Arthur, Navigation District, Industrial Development, Petrochemicals USA Project, RB
Callable 12/01/2020 @ 100
0.180%, 03/01/2039 (A)		5,300		5,300
0.180%, 03/01/2042 (A)		2,500		2,500



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

MUNICIPAL BONDS (continued)
Port Arthur, Navigation District, Industrial Development, Petrochemicals USA Project, Ser A, RB
Callable 11/02/2020 @ 100 0.180%, 12/01/2040 (A)	$	1,000	$	1,000
Tarrant County, Cultural Education Facilities Finance, RB
Callable 10/02/2020 @ 100 0.110%, 07/01/2047 (A)(B)		1,000		1,000
Tarrant County, Cultural Education Facilities Finance, Ser R, RB
Callable 10/02/2020 @ 100 0.030%, 10/01/2041 (A)(B)		7,420		7,420
Texas State, GO
Callable 11/02/2020 @ 100 0.140%, 12/01/2040 (A)		800		800
Texas State, Veterans Bonds, GO
Callable 11/02/2020 @ 100
0.160%, 12/01/2047 (A)		2,330		2,330
0.120%, 12/01/2046 (A)		1,100		1,100
Texas State, Veterans Bonds, Ser B, GO
0.140%, 12/01/2042 (A)		3,000		3,000


				31,375


Utah — 2.0%
Utah County, Hospital Authority, IHC Health Services Project, RB
Callable 10/02/2020 @ 100 0.130%, 05/15/2051 (A)		2,800		2,800
Utah County, Hospital Authority, IHC Health Services Project, Ser ICES, RB
Callable 10/02/2020 @ 100 0.050%, 05/15/2058 (A)		400		400
Weber County, Hospital Revenue Authority, IHC Health Services Project, Ser A, RB
Callable 10/02/2020 @ 100 0.050%, 02/15/2031 (A)		1,200		1,200


				4,400


Virginia — 0.7%
Fairfax County, Industrial Development Authority, Inova Health System Project, RB
Callable 10/02/2020 @ 100 0.120%, 05/15/2042 (A)		635		635
Loudoun County, Economic Development Authority, Howard Hughes Institute, Ser F, RB
Callable 11/02/2020 @ 100 0.140%, 02/15/2038 (A)		900		900


				1,535

194

SEI Institutional Managed Trust / Annual Report / September 30, 2020



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

MUNICIPAL BONDS (continued)

West Virginia — 0.2%
West Virginia, Hospital Finance Authority, West Virginia University, RB
Callable 10/02/2020 @ 100 0.110%, 06/01/2034 (A)(B)	$	475	$	475


Wisconsin — 4.1%
Oshkosh, Industrial Development Authority, Oshkosh Coil Spring Project, Ser A, AMT, RB
Callable 10/02/2020 @ 100 0.160%, 12/01/2020 (A)(B)		280		280
Public Finance Authority, Ser C, RB
Callable 10/02/2020 @ 100 0.060%, 10/01/2049 (A)(B)		5,300		5,300
University of Wisconsin, Hospitals & Clinics Authority, RB
Callable 10/02/2020 @ 100 0.050%, 04/01/2048 (A)		1,400		1,400
Wisconsin State, Housing & Economic Development Authority, Ser C, RB
Callable 10/02/2020 @ 100 0.090%, 05/01/2046 (A)		2,000		2,000


				8,980


Total Municipal Bonds (Cost $184,632) ($ Thousands)				184,663


TAX-EXEMPT COMMERCIAL PAPER — 15.4%
Boston, Water & Sewer Commission
0.150%, 12/03/2020		1,160		1,160
Garland, Water & Sewer
0.200%, 12/03/2020		1,500		1,500
Harris County, Toll Authority
0.200%, 12/03/2020		7,500		7,500
Las Vegas Valley, Water District
0.200%, 11/04/2020		1,500		1,500
Louisville/Jefferson County
0.250%, 10/07/2020		2,000		2,000
Michigan State University
0.190%, 12/03/2020		4,400		4,400
Minneapolis, University Gateway Project
0.110%, 12/01/2040		500		500
Nashville & Davidson County
0.160%, 11/09/2020		4,100		4,100
New York State, Power Authority
0.160%, 11/05/2020		2,000		2,000
San Antonio, Electric & Gas
0.270%, 01/05/2021		3,000		3,001
University of Minnesota
0.180%, 10/09/2020		3,000		3,000



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

TAX-EXEMPT COMMERCIAL PAPER (continued)
University of Texas
0.430%, 02/19/2021	$	2,000	$	2,002
0.240%, 02/03/2021		1,000		1,000


Total Tax-Exempt Commercial Paper (Cost $33,660) ($ Thousands)				33,663


Total Investments in Securities — 99.9% (Cost $218,292) ($ Thousands)			$	218,326

Percentages are based on Net Assets of $218,598 ($ 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 issues by a major bank.

(C)	Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration normally to qualified institutions.

On September 30, 2020, the value of these securities amounted to $18,055 ($ Thousands), representing 8.3% 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

As of September 30, 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 year ended September 30, 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 / Annual Report / September 30, 2020

195

SCHEDULE OF INVESTMENTS

September 30, 2020

Real Return Fund

LOGO

^†Percentages are based on total investments.



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

U.S. TREASURY OBLIGATIONS — 99.7%
U.S. Treasury Inflation Protected Securities
2.375%, 01/15/2025	$	11,792	$	13,693
0.625%, 04/15/2023		17,512		18,323
0.625%, 01/15/2024		19,770		21,011
0.500%, 04/15/2024		13,319		14,142
0.375%, 07/15/2023		20,504		21,514
0.375%, 07/15/2025		17,949		19,489
0.250%, 01/15/2025		18,867		20,133
0.125%, 01/15/2022		19,300		19,607
0.125%, 04/15/2022		18,601		18,931
0.125%, 07/15/2022		18,854		19,343
0.125%, 01/15/2023		20,710		21,348
0.125%, 07/15/2024		19,221		20,335
0.125%, 10/15/2024		14,704		15,608
0.125%, 04/15/2025		14,989		15,953

Total U.S. Treasury Obligations (Cost $249,326) ($ Thousands)				259,430



Description	Shares		Market Value ($ Thousands)

CASH EQUIVALENT — 0.1%
SEI Daily Income Trust, Government Fund, Cl F
0.010%**^†		394,478	$	394


Total Cash Equivalent (Cost $394) ($ Thousands)				394


Total Investments in Securities — 99.8% (Cost $249,720) ($ Thousands)			$	259,824

Percentages are based on Net Assets of $260,244 ($ Thousands).

**	The rate reported is the 7-day effective yield as of September 30, 2020.

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

Cl — Class

The following is a list of the level of inputs used as of September 30, 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

–

259,430

–

259,430

Cash Equivalent

394

–

394

Total Investments in Securities

394

259,430

–

259,824

For the year ended September 30, 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 year ended September 30, 2020 ($Thousands):



Security Description	Value 9/30/2019	Purchases at Cost	Proceeds from Sales	Realized Gain/ (Loss)	Change in Unrealized Appreciation/ (Depreciation)	Value 9/30/2020	Shares	Income	Capital Gains
SEI Daily Income Trust, Government Fund, Cl F	$ 892	$ 24,721	$ (25,219)	$ -	$ -	$ 394	394,478	$ 11	$ -

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

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

196

SEI Institutional Managed Trust / Annual Report / September 30, 2020

CONSOLIDATED SUMMARY SCHEDULE OF INVESTMENTS

September 30, 2020

Dynamic Asset Allocation Fund

LOGO

^†Percentages are based on total investments.



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

COMMON STOCK — 95.1%

Communication Services — 10.3%
Alphabet Inc, Cl A *		1.5	%		7,901	$	11,580
Alphabet Inc, Cl C *		1.5			7,704		11,322
AT&T Inc		0.7			186,003		5,303
Comcast Corp, Cl A		0.7			119,080		5,509
Facebook Inc, Cl A *		2.1			62,871		16,466
Netflix Inc *		0.7			11,481		5,741
Verizon Communications Inc		0.9			108,098		6,431
Walt Disney Co/The		0.8			47,150		5,850
Other Securities		1.4					10,543

							78,745


Consumer Discretionary — 11.0%
Amazon.com Inc, Cl A *		4.6			11,146		35,096
Home Depot Inc/The		1.0			28,082		7,799
Lowe’s Cos Inc		0.4			19,745		3,275
McDonald’s Corp		0.6			19,407		4,260
NIKE Inc, Cl B		0.5			32,538		4,085
Other Securities		3.9					29,532

							84,047


Consumer Staples — 6.7%
Coca-Cola Co/The		0.6			100,982		4,986
Costco Wholesale Corp		0.5			11,476		4,074
PepsiCo Inc		0.7			36,140		5,009
Procter & Gamble Co/The		1.2			65,006		9,035
Walmart Inc		0.7			36,276		5,075
Other Securities		3.0					23,067

							51,246


Energy — 1.9%
Chevron Corp		0.4			48,726		3,508
Exxon Mobil Corp		0.5			110,400		3,790
Other Securities		1.0					7,533

							14,831


Financials — 9.1%
Bank of America Corp		0.6			199,073		4,796
Berkshire Hathaway Inc, Cl B *		1.4			51,830		11,037
JPMorgan Chase & Co		1.0			79,617		7,665
Other Securities		6.1					46,462

							69,960



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

COMMON STOCK (continued)

Health Care — 13.6%
Abbott Laboratories		0.7	%		46,224	$	5,031
AbbVie Inc		0.5			46,041		4,033
Amgen Inc, Cl A		0.5			15,263		3,879
Bristol-Myers Squibb Co		0.5			58,832		3,547
Danaher Corp, Cl A		0.5			16,491		3,551
Johnson & Johnson		1.3			68,844		10,249
Medtronic PLC		0.5			35,041		3,641
Merck & Co Inc		0.7			66,066		5,480
Pfizer Inc		0.7			145,057		5,324
Thermo Fisher Scientific Inc		0.6			10,311		4,552
UnitedHealth Group Inc		1.0			24,811		7,735
Other Securities		6.1					46,682

							103,704


Industrials — 7.9%
Union Pacific Corp		0.5			17,742		3,493
Other Securities		7.4					57,094

							60,587


Information Technology — 26.8%
Accenture PLC, Cl A		0.5			16,648		3,762
Adobe Inc *		0.8			12,564		6,162
Apple Inc		6.4			420,264		48,671
Broadcom Inc		0.5			10,475		3,816
Cisco Systems Inc		0.6			110,472		4,351
Intel Corp		0.7			111,097		5,753
Mastercard Inc, Cl A		1.0			23,082		7,806
Microsoft Corp		5.4			197,877		41,619
NVIDIA Corp		1.1			16,148		8,740
PayPal Holdings Inc *		0.8			30,685		6,046
QUALCOMM Inc		0.5			29,468		3,468
salesforce.com Inc *		0.8			23,772		5,974
Texas Instruments Inc		0.4			23,911		3,414
Visa Inc, Cl A		1.2			44,032		8,805
Other Securities		6.1					46,688

							205,075


Materials — 2.5%
Linde PLC		0.4			13,682		3,258
Other Securities		2.1					15,808

							19,066


Real Estate — 2.5%
Other Securities ^‡		2.5					19,122


Utilities — 2.8%
NextEra Energy Inc		0.4			12,798		3,552
Other Securities		2.4					18,224

							21,776

Total Common Stock (Cost $438,681) ($ Thousands)							728,159


Total Investments in Securities — 95.1% (Cost $438,681)($ Thousands)						$	728,159

SEI Institutional Managed Trust / Annual Report / September 30, 2020

197

CONSOLIDATED SUMMARY SCHEDULE OF INVESTMENTS

September 30, 2020

Dynamic Asset Allocation Fund (Concluded)



Description	Contracts		Market Value ($ Thousands)

*PURCHASED SWAPTIONS— 1.0%**

Total Purchased Swaptions (A) (Cost $5,945) ($ Thousands)		945,510,481	$	7,937

A list of the open OTC swaption contracts held by the Fund at September 30, 2020 is as follows:

Description

Counterparty

Number of Contracts/
Notional Amount

Exercise Price

Expiration Date

Value
(Thousands)

PURCHASED SWAPTIONS — 1.0%

Call Swaptions

CMS One Look*

Bank of America Merill Lynch

864,868,000

$0.14

07/17/2021

4,083

CMS One Look*

Bank of America Merill Lynch

80,642,481

$2.00

08/19/2023

3,854

Total Purchased Swaptions

7,937

A list of the open futures contracts held by the Fund at September 30, 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^		198		Dec-2020	$	32,833	$	33,185	$	351

A list of the open forward foreign currency contracts held by the Fund at September 30, 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		5,313	SAR		19,987	$	14
Bank of America		01/11/21	USD		6,931	SAR		26,004		(1)
Bank of America		01/11/21	SAR		188,743	USD		50,276		(25)

									$	(12)

A list of the open OTC swap agreements held by the Fund at September 30, 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
(Depreciation)
(Thousands)

BNP Paribas^

Bloomberg Gold Sub
Index Total

Return

BLOOMBERG GOLD
SUBINDEX TOTAL
RETURN

U.S. T-BILL HIGH
DISCOUNT RATE + 7 BPS

Quarterly

03/17/2021

USD

(52,006)

(1,454

)

–

(1,454)

BNP Paribas^

Bloomberg Gold Sub
Index Total Return

BLOOMBERG GOLD
SUBINDEX TOTAL
RETURN

U.S. T-BILL HIGH
DISCOUNT RATE + 7 BPS

Quarterly

04/05/2021

USD

(33,756)

1,342

–

1,342

(112

)

–

(112)

Percentages are based on a Net Assets of $765,532 ($ Thousands).

*	Non-income producing security.

^‡	Real Estate Investment Trust.

^	Security, or a portion thereof, is held by the Dynamic Commodity Strategy Subsidiary Ltd. as of September 30, 2020.

(A)	Refer to table below for details on Swaption Contracts.

Cl — Class

PLC — Public Limited Company

S&P — Standard & Poor’s

SAR — Saudi Riyal

USD — U.S. Dollar

198

SEI Institutional Managed Trust / Annual Report / September 30, 2020

The following is a list of the level of inputs used as of September 30, 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

728,159

–

728,159

Total Investments in Securities

728,159

–

728,159

Other Financial Instruments

Level 1

($)

Level 2

($)

Level 3

($)

Total

($)

Purchased Swaptions

–

7,937

–

7,937

Futures Contracts*

Unrealized Appreciation

351

–

351

Forwards Contracts*

Unrealized Appreciation

–

Unrealized Depreciation

–

(26

)

–

(26

)

OTC Swaps

Total Return Swaps*

Unrealized Appreciation

–

1,342

–

1,342

Unrealized Depreciation

–

(1,454

)

–

(1,454

)

Total Other Financial Instruments

351

7,813

–

8,164

* Futures contracts, forward contracts, and swap contracts are valued at the unrealized appreciation/ (depreciation) on the instruments.

For the year ended September 30, 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 / Annual Report / September 30, 2020

199

SCHEDULE OF INVESTMENTS

September 30, 2020

Multi-Strategy Alternative Fund

LOGO

^†Percentages are based on total investments.



Description	Shares		Market Value ($ Thousands)

COMMON STOCK — 34.8%

Communication Services — 2.4%
Altice USA Inc, Cl A *		4,247	$	110
Cincinnati Bell *		33,275		499
Clear Channel Outdoor Holdings Inc, Cl A *		15,939		16
Cumulus Media Inc, Cl A *		5,075		27
Eutelsat Communications SA		4,935		48
Facebook Inc, Cl A *		6,636		1,738
iHeartMedia Inc *(A)		5,524		45
Pinterest Inc, Cl A *		38,927		1,616
Snap, Cl A *(B)		45,851		1,197
Take-Two Interactive Software Inc, Cl A *		8,648		1,429
TEGNA Inc		3,327		39
T-Mobile US Inc *(B)		9,675		1,107
Townsquare Media, Cl A		5,169		24
United States Cellular Corp *		1,863		55
Verizon Communications Inc		12,178		724
Vonage Holdings Corp *		52,023		532
Windstream Services		5,206		54
Zillow Group Inc, Cl A *(B)		18,205		1,849


				11,109


Consumer Discretionary — 6.7%
Aaron’s Inc		38,520		2,182
Aramark		37,518		992
Bloomin’ Brands Inc		45,751		699
Cenveo Corp *(C)(D)		2,777		38
Cheesecake Factory Inc/The		11,552		320
Children’s Place Inc/The		36,207		1,026
DR Horton Inc (B)		30,836		2,332
Everi Holdings Inc *		6,185		51
Expedia Group Inc (B)		15,803		1,449



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Garrett Motion Inc *(D)		94,573	$	326
General Motors Co		3,938		117
Grubhub Inc *		1,251		91
Jack in the Box Inc		13,668		1,084
Lululemon Athletica Inc *		6,201		2,042
Magnite *		70,792		492
MercadoLibre Inc *(B)		1,199		1,298
Mohawk Industries Inc *		11,883		1,160
Monitronics International Inc *(C)(D)(E)		18,437		142
Norwegian Cruise Line Holdings Ltd *		101,378		1,735
Party City Holdco *		12,757		33
Peloton Interactive Inc, Cl A *		5,775		573
Penn National Gaming Inc *(B)		16,717		1,215
PlayAGS Inc *		9,568		34
Red Rock Resorts Inc, Cl A		93,811		1,604
RH *		1,912		732
Royal Caribbean Cruises Ltd		26,767		1,733
Signet Jewelers Ltd		61,167		1,144
Tiffany & Co		8,424		976
Ulta Beauty Inc *		10,197		2,284
Vail Resorts Inc		10,824		2,316
Vista Outdoor Inc *		29,453		594
Wynn Resorts Ltd		10,015		719


				31,533


Consumer Staples — 0.0%
Albertsons Cos Inc *		2,336		33
Walgreens Boots Alliance Inc		3,925		141


				174


Energy — 0.6%
Apache Corp		140,938		1,335
Helmerich & Payne Inc		49,422		724
Jupiter Resources *(C)(D)		24,396		18
Kosmos Energy Ltd		140,466		137
National Oilwell Varco Inc, Cl A		78,450		711
Parker Drilling *(D)		4,414		13


				2,938


Financials — 4.4%
Acamar Partners Acquisition *		11,020		113
Ally Financial Inc		46,083		1,155
Apex Technology Acquisition, Cl A *		818		9
Artius Acquisition *(B)		51,720		537
Ascendant Digital Acquisition *		21,477		226
Aurora Capital *(C)		7,182		—
B. Riley Principal Merger II, Cl A *		61,945		620
BowX Acquisition *		26,200		269
Broadstone Acquisition *		31,184		311
Burgundy Technology Acquisition *		21,305		212
Capital One Financial Corp		32,046		2,303
CC Neuberger Principal Holdings I, Cl A *		296		3
CC Neuberger Principal Holdings II *		85		1
CF Finance Acquisition II *		1,948		20

200

SEI Institutional Managed Trust / Annual Report / September 30, 2020



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
CHP Merger, Cl A *		9,312	$	95
Churchill Capital IV *		83,797		840
CIIG Merger, Cl A *		2,115		21
Cohn Robbins Holdings *		4,439		45
D8 Holdings *		56,205		566
Discover Financial Services		40,118		2,318
Dragoneer Growth Opportunities *		63,901		783
E.Merge Technology Acquisition *		53,636		540
East Resources Acquisition *		26,774		270
eHealth Inc *		5,713		451
Evercore Inc, Cl A		5,510		361
Experience Investment, Cl A *		7,854		79
Fast Acquisition *		1,941		19
FinServ Acquisition, Cl A *		18,989		190
FinTech Acquisition III *		9,307		96
FTAC Olympus Acquisition *		33,545		335
Fusion Acquisition *		45,581		469
Genworth Financial Inc, Cl A *		164,444		551
GO Acquisition *		10,015		101
Gores Holdings IV, Cl A *		2,039		21
GX Acquisition, Cl A *		11,008		116
Healthcare Merger, Cl A *		3,887		39
Hennessy Capital Acquisition IV, Cl A *		16,877		188
HPX *		888		9
Hudson Executive Investment *		15,250		159
Juniper Industrial Holdings *		10,339		108
Kensington Capital Acquisition, Cl A *		25,159		421
LF Capital Acquisition, Cl A *		1,871		20
Longview Acquisition, Cl A *		29,613		291
National General Holdings Corp		27,927		943
Netfin Acquisition, Cl A *		15,608		162
New Providence Acquisition, Cl A *		20,931		211
NMI Holdings Inc, Cl A *		33,273		592
Northern Genesis Acquisition *		4,353		43
Old Republic International Corp		48,787		719
Osprey Technology Acquisition, Cl A *		21,508		219
Pershing Square Tontine Holdings, Cl A *		31,103		706
Prime Impact Acquisition I *		1,968		20
Property Solutions Acquisition *		65,635		662
RedBall Acquisition *		8,648		91
Ribbit LEAP *		58,788		764
RMG Acquisition, Cl A *		2,166		23
Social Capital Hedosophia Holdings III, Cl A *		4,201		52
South Mountain Merger, Cl A *		8,970		94
Tailwind Acquisition *		11,451		115
Thunder Bridge Acquisition II, Cl A *		11,361		116


				20,813


Health Care — 3.8%
AMN Healthcare Services Inc *		20,046		1,172
Bausch Health *		123,051		1,912
Change Healthcare Inc *		100,443		1,457
Gilead Sciences Inc		12,374		782



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Immunomedics Inc *		79,375	$	6,749
Mylan NV *		47,069		698
Pfizer Inc		4,689		172
Varian Medical Systems Inc *		29,794		5,125
Wright Medical Group NV *		1,205		37


				18,104


Industrials — 1.9%
Acuity Brands Inc		6,861		702
Builders FirstSource Inc *(B)		73,982		2,413
BWX Technologies Inc, Cl W (B)		11,966		674
Cubic Corp		1,487		86
Navistar International *		618		27
Nesco Holdings *		2,851		12
Rush Enterprises Inc, Cl A (B)		38,980		1,970
SkyWest Inc		31,661		945
Spirit Airlines Inc *		88,920		1,432
Thomson Reuters		7,345		586
Triumph Group		3,186		21


				8,868


Information Technology — 9.4%
Acacia Communications Inc *		115,975		7,817
Advanced Micro Devices Inc *		14,526		1,191
Aquity Holdings Inc *(C)(D)		3,945		41
Box Inc, Cl A *		15,497		269
Ceridian HCM Holding Inc *(B)		19,524		1,614
Cisco Systems Inc		2,101		83
Cloudera Inc *		3,691		40
Crowdstrike Holdings Inc, Cl A *(B)		8,510		1,169
DocuSign Inc, Cl A *(B)		6,862		1,477
Dynatrace Inc *(B)		36,408		1,493
Fiserv Inc, Cl A *(B)		18,268		1,882
Lightspeed POS *(B)		21,930		702
Maxim Integrated Products Inc		124,481		8,416
Mmodal *(C)(D)		3,007		6
Monolithic Power Systems Inc (B)		4,324		1,209
NXP Semiconductors NV (B)		10,509		1,312
PayPal Holdings Inc *(B)		9,099		1,793
RingCentral Inc, Cl A *(B)		4,286		1,177
Shopify, Cl A *(B)		1,665		1,703
Snowflake, Cl A *(B)		3,316		832
StoneCo Ltd, Cl A *(B)		29,014		1,535
Talend ADR ADR *(B)		46,629		1,820
Virtusa Corp *		60,245		2,962
Vishay Intertechnology Inc (B)		128,170		1,995
Western Digital Corp		38,678		1,414
WEX Inc *(B)		4,107		571


				44,523


Materials — 1.5%
Allegheny Technologies Inc *(B)		98,997		863
Constellium, Cl A *(B)		282,871		2,221
Hexion Holdings Corp *		9,735		100

SEI Institutional Managed Trust / Annual Report / September 30, 2020

201

SCHEDULE OF INVESTMENTS

September 30, 2020

Multi-Strategy Alternative Fund (Continued)



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Ingevity Corp *		44,342	$	2,192
O-I Glass Inc, Cl I		30,243		320
Vulcan Materials Co		10,952		1,485


				7,181


Real Estate — 3.1%
Jernigan Capital Inc ^‡		6,828		117
Kimco Realty Corp ^‡		204,603		2,304
MGM Growth Properties, Cl A ^‡		80,339		2,248
Outfront Media Inc ^‡(B)		55,330		805
Park Hotels & Resorts Inc ^‡		132,437		1,323
Regency Centers Corp ^‡		53,222		2,023
Seritage Growth Properties *^‡		34,968		470
Simon Property Group Inc ^‡		16,245		1,051
Taubman Centers Inc ^‡		123,484		4,111


				14,452


Utilities — 1.0%
Clearway Energy Inc, Cl C (B)		93,105		2,510
PG&E Corp *(B)		233,566		2,194


				4,704


Total Common Stock (Cost $158,316) ($ Thousands)				164,399


	Face Amount (Thousands)

CORPORATE OBLIGATIONS — 16.0%

Communication Services — 1.4%
Altice France
7.375%, 05/01/2026 (F)	$	255		267
5.125%, 01/15/2029 (F)		170		169
4.125%, 01/15/2029	EUR	100		117
Altice France Holding
8.000%, 05/15/2027		462		574
AMC Entertainment Holdings
10.500%, 04/15/2025 (F)	$	235		175
6.125%, 05/15/2027		55		11
5.750%, 06/15/2025		30		7
CB Escrow
8.000%, 10/15/2025 (F)		500		528
CCO Holdings
5.875%, 05/01/2027 (F)		750		787
5.750%, 02/15/2026 (F)		314		327
5.375%, 06/01/2029 (F)		85		92
5.125%, 05/01/2027 (F)		15		16
Consolidated Communications
6.500%, 10/01/2028 (F)		419		427
Digicel Group
6.750%, 03/01/2023 (F)		160		101
Digicel Group 0.5
10.000%, 04/01/2024		28		21



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

CORPORATE OBLIGATIONS (continued)
DISH DBS
7.750%, 07/01/2026	$	125	$	137
7.375%, 07/01/2028 (F)		500		515
EW Scripps
5.125%, 05/15/2025 (F)		867		848
Frontier Communications
10.500%, 09/15/2022 (G)		125		52
7.125%, 01/15/2023 (G)		135		52
6.875%, 01/15/2025 (G)		85		32
iHeartCommunications (A)
8.375%, 05/01/2027		49		48
6.375%, 05/01/2026		27		28
5.250%, 08/15/2027 (F)		25		24
Intelsat Jackson Holdings
9.750%, 07/15/2025 (F)(G)		90		59
Intelsat Luxembourg
8.125%, 06/01/2023 (G)		45		2
Level 3 Financing
5.375%, 01/15/2024		500		503
Lorca Telecom Bondco SAU
4.000%, 09/18/2027	EUR	200		240
Meredith
6.875%, 02/01/2026	$	95		79
Nexstar Broadcasting
4.750%, 11/01/2028 (F)		104		106
Salem Media Group
6.750%, 06/01/2024 (F)		395		341
Trilogy International Partners
8.875%, 05/01/2022 (F)		175		161
Windstream Escrow
7.750%, 08/15/2028 (F)		134		132

				6,978


Consumer Discretionary — 4.3%
1011778 BC ULC / New Red Finance
4.250%, 05/15/2024 (F)		500		509
Allied Universal Holdco
6.625%, 07/15/2026 (F)		655		698
American Greetings
8.750%, 04/15/2025 (F)		265		250
Ashton Woods USA
6.625%, 01/15/2028 (F)		200		201
At Home Holding III
8.750%, 09/01/2025 (F)		177		185
Bed Bath & Beyond
5.165%, 08/01/2044		303		224
Caesars Entertainment
8.125%, 07/01/2027 (F)		456		483
6.250%, 07/01/2025 (F)		579		605
Caesars Resort Collection
5.250%, 10/15/2025 (F)		40		39

202

SEI Institutional Managed Trust / Annual Report / September 30, 2020



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

CORPORATE OBLIGATIONS (continued)
Capitol Investment Merger Sub 2
10.000%, 08/01/2024 (F)	$	155	$	162
Carnival
11.500%, 04/01/2023 (F)		180		202
10.500%, 02/01/2026 (F)		95		105
9.875%, 08/01/2027 (F)		135		143
CBS Radio
7.250%, 11/01/2024 (F)		250		213
Cengage Learning
9.500%, 06/15/2024 (F)		395		261
Cirsa Finance International Sarl
7.875%, 12/20/2023 (F)		15		14
Clarios Global
4.375%, 05/15/2026	EUR	100		117
CSC Holdings
5.750%, 01/15/2030 (F)	$	50		53
4.625%, 12/01/2030 (F)		283		285
3.375%, 02/15/2031 (F)		156		151
Cumulus Media New Holdings
6.750%, 07/01/2026 (F)		175		162
Diamond Resorts International
10.750%, 09/01/2024 (F)		310		276
Diamond Sports Group
6.625%, 08/15/2027 (F)		210		109
5.375%, 08/15/2026 (F)		400		283
Enterprise Development Authority
12.000%, 07/15/2024 (F)		111		124
ESH Hospitality
4.625%, 10/01/2027 (F)		113		111
Everi Payments
7.500%, 12/15/2025 (F)		180		176
Ford Motor
8.500%, 04/21/2023		200		218
Ford Motor Credit
5.596%, 01/07/2022		20		21
4.063%, 11/01/2024		45		45
3.350%, 11/01/2022		40		39
Getty Images
9.750%, 03/01/2027 (F)		235		229
G-III Apparel Group
7.875%, 08/15/2025 (F)		175		176
Golden Entertainment
7.625%, 04/15/2026 (F)		130		128
Golden Nugget
6.750%, 10/15/2024 (F)		75		63
GrubHub Holdings
5.500%, 07/01/2027 (F)		1,538		1,596
Guitar Center
13.000%cash/8.000% PIK, 04/15/2022 (F)		763		328
13.000%, 04/15/2022 (C)(E)(F)		9		3
10.000%, 05/15/2022 (C)(E)(F)		10		10



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

CORPORATE OBLIGATIONS (continued)
Guitar Center Escrow Issuer
9.500%, 10/15/2021 (F)	$	90	$	74
Hilton Domestic Operating
4.250%, 09/01/2024		55		55
Houghton Mifflin Harcourt Publishers
9.000%, 02/15/2025 (F)		395		379
Inn of the Mountain Gods Resort & Casino
9.250%cash/0% PIK, 11/30/2020 (C)		192		181
Installed Building Products
5.750%, 02/01/2028 (F)		196		206
IRB Holding
7.000%, 06/15/2025 (F)		145		155
Jacobs Entertainment
7.875%, 02/01/2024 (F)		425		415
L Brands
7.600%, 07/15/2037		5		5
6.750%, 07/01/2036		80		79
6.625%, 10/01/2030 (F)		60		61
Las Vegas Sands
3.900%, 08/08/2029		645		645
3.500%, 08/18/2026		107		108
Liberty Interactive
8.250%, 02/01/2030		520		562
Lithia Motors
4.375%, 01/15/2031 (F)		42		42
Macy’s Retail Holdings
3.450%, 01/15/2021		65		64
Mattamy Group
4.625%, 03/01/2030 (F)		692		701
Maxeda DIY Holding BV
5.875%, 10/01/2026	EUR	830		973
McGraw-Hill Global Education Holdings
7.875%, 05/15/2024 (F)	$	290		156
MGM Resorts International
7.750%, 03/15/2022		154		162
Monitronics International Inc
9.125%, 04/01/2020 (C)(G)		495		–
NCL
12.250%, 05/15/2024 (F)		115		129
Nordstrom
8.750%, 05/15/2025 (F)		50		55
PetSmart
5.875%, 06/01/2025 (F)		170		174
Royal Caribbean Cruises
10.875%, 06/01/2023 (F)		120		134
Scientific Games International
8.250%, 03/15/2026 (F)		94		98
7.250%, 11/15/2029 (F)		140		142
7.000%, 05/15/2028 (F)		59		59
5.000%, 10/15/2025 (F)		1,089		1,094
STL Holding
7.500%, 02/15/2026 (F)		223		223

SEI Institutional Managed Trust / Annual Report / September 30, 2020

203

SCHEDULE OF INVESTMENTS

September 30, 2020

Multi-Strategy Alternative Fund (Continued)



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

CORPORATE OBLIGATIONS (continued)
Sugarhouse HSP Gaming Prop Mezz
5.875%, 05/15/2025 (F)	$	480	$	468
Telegraph Columbus
3.875%, 05/02/2025	EUR	350		391
Terrier Media Buyer
8.875%, 12/15/2027 (F)	$	410		413
Univision Communications
6.625%, 06/01/2027 (F)		490		478
Urban One
7.375%, 04/15/2022 (F)		705		638
William Hill MTN
4.750%, 05/01/2026	GBP	200		270
Winnebago Industries
6.250%, 07/15/2028 (F)	$	764		806
Wynn Las Vegas
5.500%, 03/01/2025 (F)		95		90
5.250%, 05/15/2027		60		56
4.250%, 05/30/2023 (F)		15		14
Wynn Macau
5.625%, 08/26/2028 (F)		140		136
Wynn Resorts Finance
7.750%, 04/15/2025 (F)		265		281

				20,169


Consumer Staples — 0.5%
Albertsons
7.500%, 03/15/2026 (F)		764		838
5.750%, 03/15/2025		404		417
New Albertsons
8.700%, 05/01/2030		100		121
Performance Food Group
5.500%, 06/01/2024 (F)		41		41
Post Holdings
4.625%, 04/15/2030 (F)		106		109
Rite Aid
8.000%, 11/15/2026 (F)		176		176
7.700%, 02/15/2027		285		233
Vector Group
10.500%, 11/01/2026 (F)		225		230
6.125%, 02/01/2025 (F)		330		329

				2,494


Energy — 2.0%
Ascent Resources Utica Holdings
7.000%, 11/01/2026 (F)		247		189
Carrizo Oil & Gas
6.250%, 04/15/2023		86		28
Cheniere Energy Partners
5.625%, 10/01/2026		85		88
4.500%, 10/01/2029		85		87
Chesapeake Energy
7.500%, 10/01/2026 (G)		170		6



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

CORPORATE OBLIGATIONS (continued)
7.000%, 10/01/2024 (G)	$	55	$	2
CITGO Petroleum
7.000%, 06/15/2025 (F)		286		282
CNX Midstream Partners
6.500%, 03/15/2026 (F)		405		410
CNX Resources
7.250%, 03/14/2027 (F)		140		143
Crestwood Midstream Partners
5.750%, 04/01/2025		285		259
EnLink Midstream
5.375%, 06/01/2029		335		271
EnLink Midstream Partners
5.600%, 04/01/2044		103		66
5.450%, 06/01/2047		118		74
4.850%, 07/15/2026		85		74
EQT
7.875%, 02/01/2025		140		155
Equities
8.750%, 02/01/2030		115		136
Extraction Oil & Gas
5.625%, 02/01/2026 (F)(G)		270		67
Harvest Midstream I
7.500%, 09/01/2028 (F)		199		198
Laredo Petroleum
10.125%, 01/15/2028		90		53
9.500%, 01/15/2025		90		54
MEG Energy
7.125%, 02/01/2027		100		90
7.000%, 03/31/2024 (F)		80		74
Montage Resources
8.875%, 07/15/2023		248		252
Nabors Industries
5.750%, 02/01/2025		170		58
Noble Holding International
8.950%, 04/01/2045 (G)		180		1
7.750%, 01/15/2024 (G)		215		1
NuStar Logistics
6.375%, 10/01/2030		128		133
5.750%, 10/01/2025		128		132
Oasis Petroleum
6.250%, 05/01/2026 (F)(G)		127		30
Occidental Petroleum
8.500%, 07/15/2027		73		74
6.625%, 09/01/2030		30		28
5.550%, 03/15/2026		95		86
4.625%, 06/15/2045		120		87
4.500%, 07/15/2044		10		7
4.400%, 04/15/2046		10		7
2.700%, 08/15/2022		230		215
2.700%, 02/15/2023		60		55
Parsley Energy
5.625%, 10/15/2027 (F)		94		94

204

SEI Institutional Managed Trust / Annual Report / September 30, 2020



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

CORPORATE OBLIGATIONS (continued)
Petrobras Global Finance BV
6.900%, 03/19/2049	$	595	$	665
6.750%, 06/03/2050		37		40
Petroleos Mexicanos
6.950%, 01/28/2060 (F)		351		271
6.375%, 01/23/2045		650		498
6.350%, 02/12/2048		1,188		894
5.950%, 01/28/2031 (F)		305		258
4.500%, 01/23/2026		211		188
3.500%, 01/30/2023		604		595
Petroleos Mexicanos MTN
6.750%, 09/21/2047		1,390		1,079
Pride International
7.875%, 08/15/2040 (G)		50		5
Shelf Drilling Holdings
8.250%, 02/15/2025 (F)		85		34
SM Energy
6.750%, 09/15/2026		107		48
Southwestern Energy
8.375%, 09/15/2028		44		43
7.750%, 10/01/2027		25		24
7.500%, 04/01/2026		265		259
Transocean
6.800%, 03/15/2038		290		38
USA Compression Partners
6.875%, 09/01/2027		225		223
Valaris
5.850%, 01/15/2044 (G)		185		14
Western Midstream Operating
2.116%, VAR ICE LIBOR USD 3 Month+1.850%, 01/13/2023		715		665

				9,907


Financials — 1.9%
Barclays
7.750%, VAR USD Swap Semi 30/360 5 Yr Curr+4.842%(H)		260		269
Citigroup Global Markets Holdings MTN
14.167%, 10/22/2020 (F)(I)	EGP	10,508		662
Freedom Mortgage
8.250%, 04/15/2025 (F)	$	610		622
8.125%, 11/15/2024 (F)		375		374
FS Energy and Power Fund
7.500%, 08/15/2023 (F)		125		114
Genworth Mortgage Holdings
6.500%, 08/15/2025 (F)		120		125
Goldman Sachs International MTN
13.511%, 10/15/2020 (I)	EGP	10,350		654
GTCR AP Finance
8.000%, 05/15/2027 (F)	$	225		237
ICBC Standard Bank MTN
12.944%, 03/04/2021 (F)(I)	EGP	22,921		1,380



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

CORPORATE OBLIGATIONS (continued)
Issuer
6.250%, 03/01/2028 (F)	$	480	$	478
Ladder Capital Finance Holdings LLLP
5.875%, 08/01/2021 (F)		85		85
5.250%, 03/15/2022 (F)		320		314
5.250%, 10/01/2025 (F)		35		32
MDGH - GMTN BV MTN
4.500%, 11/07/2028		200		239
Nationstar Mortgage Holdings
9.125%, 07/15/2026 (F)		250		268
5.500%, 08/15/2028 (F)		195		195
New Residential Investment
6.250%, 10/15/2025 (F)		280		276
NMI Holdings
7.375%, 06/01/2025 (F)		180		192
Novo Banco MTN
3.500%, 01/02/2043	EUR	20		19
3.500%, 01/23/2043		280		268
OneMain Finance
7.125%, 03/15/2026	$	150		168
6.875%, 03/15/2025		275		305
6.125%, 03/15/2024		95		100
Saracen Development
11.000%cash/3.000% PIK, 10/15/2025 (C)(E)(F)		379		433
VTB Bank Via VTB Capital
6.950%, 10/17/2022		653		692
WeWork
7.875%, 05/01/2025 (F)		410		261

				8,762


Health Care — 1.3%
APX Group
8.500%, 11/01/2024		118		124
7.625%, 09/01/2023		300		303
Avantor
6.000%, 10/01/2024 (F)		800		836
Bausch Health
7.000%, 03/15/2024 (F)		430		445
6.250%, 02/15/2029 (F)		889		914
Bausch Health Americas
8.500%, 01/31/2027 (F)		247		271
Centene
4.625%, 12/15/2029		80		86
Change Healthcare Holdings
5.750%, 03/01/2025 (F)		91		92
DaVita
3.750%, 02/15/2031 (F)		747		720
Endo Dac
9.500%, 07/31/2027 (F)		114		119
6.000%, 06/30/2028 (F)		243		179

SEI Institutional Managed Trust / Annual Report / September 30, 2020

205

SCHEDULE OF INVESTMENTS

September 30, 2020

Multi-Strategy Alternative Fund (Continued)



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

CORPORATE OBLIGATIONS (continued)
HCA
5.875%, 02/01/2029	$	70	$	81
Jaguar Holding II
5.000%, 06/15/2028 (F)		205		214
MEDNAX
5.250%, 12/01/2023 (F)		408		413
Par Pharmaceutical
7.500%, 04/01/2027 (F)		76		80
Prime Security Services Borrower
6.250%, 01/15/2028 (F)		215		218
3.375%, 08/31/2027 (F)		170		163
Radiology Partners
9.250%, 02/01/2028 (F)		140		146
Tenet Healthcare
6.250%, 02/01/2027 (F)		80		83
6.125%, 10/01/2028 (F)		326		317
Varex Imaging
7.875%, 10/15/2027 (F)		225		233

				6,037


Industrials — 1.0%
Bombardier
7.875%, 04/15/2027 (F)		115		87
7.500%, 12/01/2024 (F)		25		19
7.500%, 03/15/2025 (F)		115		86
6.000%, 10/15/2022 (F)		35		33
Builders FirstSource
6.750%, 06/01/2027 (F)		333		357
Cornerstone Building Brands
8.000%, 04/15/2026 (F)		230		242
Delta Air Lines
7.000%, 05/01/2025 (F)		260		286
Fortress Transportation and Infrastructure Investors
9.750%, 08/01/2027 (F)		210		225
6.500%, 10/01/2025 (F)		50		49
Garda World Security
8.750%, 05/15/2025 (F)		14		14
GFL Environmental
5.125%, 12/15/2026 (F)		9		9
4.250%, 06/01/2025 (F)		364		368
New Enterprise Stone & Lime
6.250%, 03/15/2026 (F)		110		113
Nielsen Finance
5.875%, 10/01/2030 (F)		64		66
5.625%, 10/01/2028 (F)		64		66
Parts Europe
6.500%, 07/16/2025	EUR	450		532
Spirit AeroSystems
5.500%, 01/15/2025 (F)	$	98		99
4.600%, 06/15/2028		10		8



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

CORPORATE OBLIGATIONS (continued)
Spirit Loyalty Cayman
8.000%, 09/20/2025 (F)	$	166	$	176
Team Health Holdings
6.375%, 02/01/2025 (F)		165		113
TransDigm
8.000%, 12/15/2025 (F)		400		435
6.375%, 06/15/2026		118		118
6.250%, 03/15/2026 (F)		173		181
Triumph Group
8.875%, 06/01/2024 (F)		80		85
7.750%, 08/15/2025		235		151
6.250%, 09/15/2024 (F)		20		17
5.250%, 06/01/2022		70		57
Tutor Perini
6.875%, 05/01/2025 (F)		440		405
Western Global Airlines
10.375%, 08/15/2025 (F)		155		158

				4,555


Information Technology — 0.7%
Banff Merger Sub
9.750%, 09/01/2026 (F)		205		217
Broadcom
5.000%, 04/15/2030		500		590
4.150%, 11/15/2030		500		562
CommScope
8.250%, 03/01/2027		300		312
7.125%, 07/01/2028 (F)		55		56
CommScope Finance
6.000%, 03/01/2026 (F)		150		156
CommScope Technologies
6.000%, 06/15/2025 (F)		38		39
EIG Investors
10.875%, 02/01/2024		212		220
Microchip Technology
4.250%, 09/01/2025 (F)		150		156
NCR
5.250%, 10/01/2030 (F)		177		177
5.000%, 10/01/2028 (F)		89		89
ON Semiconductor
3.875%, 09/01/2028 (F)		71		72
Veritas US
10.500%, 02/01/2024 (F)		300		282
7.500%, 09/01/2025 (F)		133		137

				3,065


Materials — 2.2%
Allegheny Technologies
7.875%, 08/15/2023		145		148
5.875%, 12/01/2027		210		202
Arconic
6.000%, 05/15/2025 (F)		274		293

206

SEI Institutional Managed Trust / Annual Report / September 30, 2020



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

CORPORATE OBLIGATIONS (continued)
Baffinland Iron Mines
8.750%, 07/15/2026 (F)	$	830	$	855
Big River Steel
6.625%, 01/31/2029 (F)		85		86
CENVO Corp (Escrow Security)
0.000%, 09/15/2022 (C)(D)(E)		505		–
Chemours
6.625%, 05/15/2023		755		764
Cleveland-Cliffs
9.875%, 10/17/2025 (F)		500		558
Cornerstone Chemical
6.750%, 08/15/2024 (F)		625		585
CSN Islands XI
6.750%, 01/28/2028 (F)		350		339
Eldorado
9.500%, 06/01/2024 (F)		133		141
First Quantum Minerals
7.500%, 04/01/2025 (F)		690		682
6.875%, 10/15/2027 (F)		170		164
Freeport-McMoRan
5.450%, 03/15/2043		245		272
5.250%, 09/01/2029		175		188
5.000%, 09/01/2027		25		26
4.375%, 08/01/2028		98		101
Hexion
7.875%, 07/15/2027		240		240
IAMGOLD
5.750%, 10/15/2028 (F)		85		83
Intelligent Packaging Finco
6.000%, 09/15/2028 (F)		353		358
Jupiter Resources
13.000%, 01/31/2024 (C)(E)		29		26
LSB Industries
9.625%, 05/01/2023 (F)		830		813
Mineral Resources
8.125%, 05/01/2027 (F)		430		466
Mountain Province Diamonds
8.000%, 12/15/2022 (F)		410		312
New Gold
6.375%, 05/15/2025 (F)		125		129
Northwest Acquisitions ULC
7.125%, 11/01/2022 (F)(G)		460		7
Novelis
4.750%, 01/30/2030 (F)		834		819
OCI
3.625%, 10/15/2025	EUR	100		117
Rain CII Carbon
7.250%, 04/01/2025 (F)	$	610		583
Reynolds Group Issuer
4.000%, 10/15/2027 (F)		297		299
Trident TPI Holdings
9.250%, 08/01/2024 (F)		268		285



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

CORPORATE OBLIGATIONS (continued)
Venator Finance Sarl
9.500%, 07/01/2025 (F)	$	246	$	261

				10,202


Real Estate — 0.2%
Diversified Healthcare Trust
9.750%, 06/15/2025		310		345
GLP Capital
4.000%, 01/15/2031		144		150
Uniti Group
8.250%, 10/15/2023		260		256
7.125%, 12/15/2024 (F)		50		48
6.000%, 04/15/2023 (F)		175		176

				975


Utilities — 0.5%
Calpine
5.000%, 02/01/2031 (F)		261		266
Eskom Holdings SOC
5.750%, 01/26/2021		777		758
Eskom Holdings SOC MTN
8.450%, 08/10/2028		1,060		973
NRG Energy
7.250%, 05/15/2026		110		117
5.250%, 06/15/2029 (F)		20		22
Vistra Operations
5.500%, 09/01/2026 (F)		80		83

				2,219


Total Corporate Obligations (Cost $76,235) ($ Thousands)				75,363


	Shares

REGISTERED INVESTMENT COMPANY — 10.8%
Merger Fund, Cl L		2,934,008		51,081


Total Registered Investment Company (Cost $47,062) ($ Thousands)				51,081


FOREIGN COMMON STOCK — 6.6%

Australia — 0.2%
Afterpay *		19,690		1,129


Canada — 0.9%
Air Canada, Cl A *		11,201		132
Lightspeed POS *		50,620		1,617
Norbord		76,830		2,263
Transat AT, Cl B *		65,781		191


				4,203

SEI Institutional Managed Trust / Annual Report / September 30, 2020

207

SCHEDULE OF INVESTMENTS

September 30, 2020

Multi-Strategy Alternative Fund (Continued)



Description	Shares		Market Value ($ Thousands)

FOREIGN COMMON STOCK (continued)

China — 0.1%
Agora Inc ADR		7,728	$	332


Hong Kong — 1.0%
Alibaba Group Holding *		76,482		2,720
Tencent Holdings		31,600		2,085


				4,805


Italy — 0.1%
IMA Industria Macchine Automatiche		6,616		522


Japan — 0.6%
Nexon Co Ltd		35,200		875
Renesas Electronics *		257,400		1,866


				2,741


South Korea — 0.2%
Kakao		3,381		1,054


Taiwan — 0.4%
Sea Ltd ADR *(B)		11,218		1,728


United Kingdom — 3.1%
21Vianet Group ADR *(B)		85,772		1,986
Gamesys Group PLC		70,460		1,086
Nielsen Holdings PLC		121,781		1,727
Willis Towers Watson PLC		46,086		9,624


				14,423


Total Foreign Common Stock (Cost $26,785) ($ Thousands)				30,937


	Face Amount (Thousands)

LOAN PARTICIPATIONS — 4.2%
Academy, LTD., Initial Term Loan, 1st Lien
5.000%, VAR LIBOR+4.000%, 07/01/2022	$	897		875
Advisor Group, Inc., 1st Lien
5.147%, 07/31/2026		192		185
Affinity Game, Term Loan 2, 1st Lien
4.250%, 07/01/2023 (J)		351		313
Affinity Game, Term Loan 2, 2nd Lien
9.250%, 01/31/2025		300		237
Agrofresh Inc., Initial Term Loan
7.250%, 12/31/2024		314		305



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

LOAN PARTICIPATIONS (continued)
AMC Entertainment Holdings, Inc. (fka AMC Entertainment Inc.), Term B-1 Loan, 1st Lien
3.220%, VAR LIBOR+3.000%, 04/22/2026	$	10	$	6
American Gaming, Term Loan, 1st Lien
14.000%, 02/15/2024 (C)		130		129
American Greetings, Term Loan, 1st Lien
5.500%, 04/06/2024 (J)(K)		328		321
American Tire Distributors, Inc., Initial Term Loan, 1st Lien
8.500%, 09/02/2024 (K)		496		420
Aptos, 1st Lien
5.647%, 03/04/2027 (J)		263		246
Avianca, Dip Tranche A, 1st Lien
0.000%, 11/10/2021 (K)		245		241
BMC Software Finance, Inc., Term Loan, 1st Lien
4.397%, 10/02/2025		169		163
Boardriders, Inc., Tranche A Loan
9.000%, 10/23/2023 (C)(E)		46		45
Boardriders, Inc., Tranche B-2 Loan
9.000%, 04/23/2024 (C)(E)		249		184
Bright Bidco, Term Loan B, 1st Lien
4.500%, 06/30/2024 (J)(K)		409		196
Caesars Resort Collection, LLC, Term B Loan, 1st Lien
2.897%, VAR LIBOR+2.750%, 12/23/2024		199		186
Carestream Health, Inc., Term Loan, 1st Lien
7.750%, 05/08/2023		518		504
Cengage Learning, Inc., 2016 Refinancing Term Loan, 1st Lien
5.250%, VAR LIBOR+4.250%, 06/07/2023		415		346
Cenveo Corp., Term Loan, 1st Lien
10.500%, 06/07/2023 (J)		15		14
Cenveo Corporation, Exit Term Loan, 1st Lien
10.592%, 06/07/2023 (C)		2		2
10.500%, 06/07/2023 (C)		275		259
Chesapeake Energy Corporation, Class A Term Loan, 1st Lien
9.000%, VAR LIBOR+8.000%, 06/24/2024 (G)		143		100
ConvergeOne Holdings, Corp., Initial Term Loan, 1st Lien
5.147%, VAR LIBOR+5.000%, 01/04/2026		633		576
Cooper’s Hawk Intermediate Holding, LLC, Initial Term Loan, 1st Lien
6.647%, 10/31/2026		94		85

208

SEI Institutional Managed Trust / Annual Report / September 30, 2020



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

LOAN PARTICIPATIONS (continued)
East Valley Tourist Development Authority, Term Loan, 1st Lien
9.000%, VAR LIBOR+8.000%, 03/07/2022 (C)	$	131	$	115
ELO Touch Solutions, Term Loan B, 1st Lien
6.645%, 12/14/2025		191		188
Endo Luxembourg Finance Company I S.ar.l., Initial Term Loan, 1st Lien
5.000%, VAR LIBOR+4.250%, 04/29/2024		120		113
Envision Healthcare Corporation, Initial Term Loan, 1st Lien
3.897%, VAR LIBOR+3.750%, 10/10/2025		626		450
Epic Y-Grade Services, LP, Term Loan
7.000%, 06/30/2027 (K)		442		356
Getty Images, Inc., Initial Dollar Term Loan, 1st Lien
4.688%, VAR LIBOR+4.500%, 02/19/2026		285		265
Glass Mountain, Term Loan B, 1st Lien
5.500%, 12/23/2024		68		37
Global Medical Response, Inc., 2018 Term Loan Retired 10/02/2020, 1st Lien
4.250%, VAR LIBOR+3.250%, 04/28/2022		167		166
Golden Nugget, Inc., Initial B Term Loan, 1st Lien
3.250%, VAR LIBOR+2.750%, 10/04/2023		328		291
Herschend Entertainment Co., 1st Lien
6.750%, 08/25/2025		217		207
Horseshoe Baltimore, Cov-Lite, Term Loan B, 1st Lien
4.147%, 07/08/2024 (J)		205		179
Hurtigruten Group, 1st Lien
4.750%, 06/11/2023		138		139
ICH US Intermediate Holdings II, Inc., Initial Term Loan, 1st Lien
6.750%, 12/24/2026 (J)		6		6
Innovacare, Term Loan, 1st Lien
6.750%, 12/24/2026 (J)		272		270
Inteliquent, Term Loan, 1st Lien
5.500%, 02/10/2024		50		48
J.C. Penney Corporation, Inc. , Loan (2016), 1st Lien
5.250%, VAR LIBOR+4.250%, 06/23/2023 (G)		378		117
J.C. Penney Corporation, Inc. , Loan (DIP), 1st Lien
13.000%, VAR LIBOR+11.750%, 11/16/2020 (C)		283		356



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

LOAN PARTICIPATIONS (continued)
Lanai Holdings II, Inc., Initial Term Loan, 1st Lien
5.750%, VAR LIBOR+4.750%, 08/29/2022	$	1,123	$	1,057
Libbey Glass, 1st Lien
12.000%, 11/30/2020 (C)(E)		44		43
5.750%, 04/09/2021 (G)(J)		27		4
4.000%, 11/30/2020		44		43
Lifescan Global Corporation, Initial Term Loan, 1st Lien
7.175%, 10/01/2024 (J)		1,103		1,038
Mashantucket (Western) Pequot Tribe, Term B Loan, 1st Lien
8.375%, VAR LIBOR+8.125%, 12/31/2020 (C)		569		555
Mavenir Systems, Inc., Initial Term Loan, 1st Lien
7.000%, VAR LIBOR+6.000%, 05/08/2025 (C)		411		407
Mcclatchy/SIJ, 1st Lien
10.167%, 07/15/2026		402		401
McGraw-Hill Global Education Holdings, LLC, Term B Loan, 1st Lien
5.000%, VAR LIBOR+4.000%, 05/04/2022		546		456
Misys Limited, Dollar Term Loan, 1st Lien
4.500%, VAR LIBOR+3.500%, 06/13/2024		303		282
Monitronics International Inc
7.750%, 03/29/2024 (C)		169		126
Nine West Holdings Inc., Term Loan, 1st Lien
8.220%, 03/19/2024		61		50
Owens & Minor Distribution, Term Loan B, 1st Lien
4.655%, 04/30/2025 (J)		107		103
Peak 10 Holding Corporation, Initial Term Loan, 1st Lien
3.720%, VAR LIBOR+3.500%, 08/01/2024		922		787
Ply Gem Midco, Inc., Initial Term Loan, 1st Lien
3.901%, VAR LIBOR+3.750%, 04/12/2025		117		114
Polymer Additives, Inc., Closing Date Term Loan
6.862%, 07/31/2025 (C)(K)		432		340
Polymer Additives, Inc., Term Loan, 1st Lien
6.862%, 07/31/2025		—		—
Polymer Process Soluions, Term Loan, 1st Lien
6.151%, 05/01/2026 (J)		379		368
R.R. Donnelley & Sons Company, Term B Loan
5.147%, 01/15/2024		283		270

SEI Institutional Managed Trust / Annual Report / September 30, 2020

209

SCHEDULE OF INVESTMENTS

September 30, 2020

Multi-Strategy Alternative Fund (Continued)



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

LOAN PARTICIPATIONS (continued)
Rackspace Hosting, Inc., Term B Loan
4.000%, 11/03/2023 (J)	$	135	$	133
Radio One, Inc., Initial Term Loan, 1st Lien
5.000%, VAR LIBOR+4.000%, 04/18/2023		110		92
Radiology Partners Inc., Term Loan, 1st Lien
5.295%, 07/09/2025		11		11
Radiology Partners, Inc., Term B Loan
5.985%, VAR LIBOR+4.750%, 07/09/2025		13		13
Red Lobster Management LLC, Initial Term Loan, 1st Lien
6.250%, 07/28/2021 (J)		399		369
Revlon Consumer Products Corporation, 2016 Term Loan, 1st Lien
4.250%, VAR LIBOR+3.500%, 09/07/2023		899		245
Spencer Gifts LLC (Spirit Halloween Superstores LLC), Term Loan, 1st Lien
6.245%, 06/19/2026 (J)		180		159
Syniverse Holdings, Inc., Tranche C Term Loan , 1st Lien
6.000%, VAR LIBOR+5.000%, 03/09/2023 (K)		1,364		1,047
Team Health Holdings, Inc., Initial Term Loan, 1st Lien
3.750%, VAR LIBOR+2.750%, 02/06/2024 (K)		1,089		910
Traverse Midstream Partners LLC, Advance, 1st Lien
5.000%, VAR LIBOR+4.000%, 09/27/2024		481		441
Twin River Worldwide Holdings, Inc., Term B-1 Facility Loan, 1st Lien
9.000%, VAR LIBOR+8.000%, 05/11/2026		251		264
Valaris Dip
0.000%, 08/17/2021 (C)(K)		97		98
Vida Capital, Term Loan
6.147%, 10/01/2026 (J)		195		193


Total Loan Participations (Cost $20,493) ($ Thousands)				19,660


SOVEREIGN DEBT — 3.9%

Angolan Government International Bond MTN
8.000%, 11/26/2029		341		269
Argentine Republic Government International Bond
1.000%, 07/09/2029		100		46



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

SOVEREIGN DEBT (continued)
0.125%, 1.125%, 07/09/2021, 07/09/2035 (L)	$	1,224	$	460
0.125%, 1.125%, 07/09/2021, 07/09/2046 (L)		1,222		469
Bahrain Government International Bond
7.000%, 01/26/2026		400		444
Egypt Government International Bond
8.875%, 05/29/2050 (F)		1,435		1,420
8.700%, 03/01/2049		579		564
8.150%, 11/20/2059 (F)		200		186
Jordan Government International Bond
5.850%, 07/07/2030 (F)		289		280
4.950%, 07/07/2025 (F)		433		431
Mexico Government International Bond
5.000%, 04/27/2051		419		469
4.750%, 04/27/2032		405		457
Nigeria Government International Bond
7.625%, 11/21/2025		1,320		1,373
Paraguay Government International Bond
4.625%, 01/25/2023		1,810		1,914
Russian Federal Bond - OFZ
7.400%, 07/17/2024	RUB	131,066		1,819
7.250%, 05/10/2034		98,816		1,375
7.150%, 11/12/2025		184,345		2,559
6.000%, 10/06/2027		116,353		1,511
Russian Foreign Bond - Eurobond
5.250%, 06/23/2047	$	600		794
Saudi Government International Bond MTN
3.750%, 01/21/2055 (F)		300		325
2.750%, 02/03/2032 (F)		972		1,011


Total Sovereign Debt (Cost $18,717) ($ Thousands)				18,176


MUNICIPAL BONDS — 1.0%

Puerto Rico — 1.0%
Commonwealth of Puerto Rico, Ser A, GO *
8.000%, 07/01/2035 (G)		5,710		3,626
5.500%, 07/01/2039 (G)		325		215
5.000%, 07/01/2020 (G)		5		3
Commonwealth of Puerto Rico, Ser A, GO *
Callable 07/01/2022 @ 100
5.500%, 07/01/2026 (C)(G)		5		3
5.250%, 07/01/2023 (C)(G)		30		20
5.125%, 07/01/2037 (G)		20		13
5.000%, 07/01/2032 (G)		5		3
5.000%, 07/01/2041 (G)		705		444
Commonwealth of Puerto Rico, Ser B, GO *
4.400%, 07/01/2020 (G)		10		6
4.250%, 07/01/2019 (G)		5		3

210

SEI Institutional Managed Trust / Annual Report / September 30, 2020



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

MUNICIPAL BONDS (continued)
Commonwealth of Puerto Rico, Ser C, GO *
Callable 11/02/2020 @ 100 6.000%, 07/01/2032 (G)	$	5	$	3
Commonwealth of Puerto Rico, Ser C, GO *
Callable 07/01/2021 @ 100 6.500%, 07/01/2040 (G)		5		4
Commonwealth of Puerto Rico, Ser E, GO *
Callable 07/01/2021 @ 100 5.375%, 07/01/2030 (G)		5		4
Puerto Rico, Electric Power Authority, Ser A, RB
Callable 07/01/2022 @ 100 5.000%, 07/01/2042 (C)(G)		15		10
Puerto Rico, Electric Power Authority, Ser AAA, RB
Callable 11/02/2020 @ 100
5.250%, 07/01/2021 (G)		10		7
5.250%, 07/01/2025 (C)(G)		15		10
5.250%, 07/01/2027 (C)(G)		20		13
Puerto Rico, Electric Power Authority, Ser CCC, RB
Callable 11/02/2020 @ 100
5.250%, 07/01/2026 (G)		35		23
5.250%, 07/01/2027 (C)(G)		30		20
5.250%, 07/01/2028 (G)		5		3
Puerto Rico, Electric Power Authority, Ser NN, RB
5.500%, 07/01/2020 (C)(G)		35		23
Puerto Rico, Electric Power Authority, Ser TT, RB
Callable 11/02/2020 @ 100
5.000%, 07/01/2023 (G)		10		7
5.000%, 07/01/2032 (C)(G)		25		17
Puerto Rico, Electric Power Authority, Ser WW, RB
5.500%, 07/01/2020 (C)(G)		15		10
Puerto Rico, Electric Power Authority, Ser WW, RB
Callable 11/02/2020 @ 100
5.500%, 07/01/2021 (C)(G)		15		10
5.500%, 07/01/2038 (C)(G)		5		3
5.250%, 07/01/2033 (C)(G)		20		13
Puerto Rico, Electric Power Authority, Ser XX, RB
Callable 11/02/2020 @ 100 5.250%, 07/01/2035 (G)		5		3



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

MUNICIPAL BONDS (continued)
5.250%, 07/01/2040 (G)	$	30	$	20


Total Municipal Bonds (Cost $3,721) ($ Thousands)				4,539


	Shares

PREFERRED STOCK — 0.6%
Consumer Discretionary — 0.0%
Boardriders, 0.000% *(C)(E)(M)		25,646		26


Energy — 0.0%
Crestwood Equity Partners, 9.250% (N)		16,902		100


Financials — 0.5%
FHLMC, 8.375% *(B)		129,734		1,155
FNMA, 8.250% *(B)		129,219		1,147


				2,302


Real Estate — 0.1%
Colony Capital, 7.150% ^‡		12,189		275


Total Preferred Stock (Cost $2,335) ($ Thousands)				2,703


	Face Amount (Thousands)

CONVERTIBLE BONDS — 0.3%
Air Canada CV to 65.1337
4.000%, 07/01/2025 (F)		60		68
CNX Resources CV to 77.8816
2.250%, 05/01/2026 (F)		150		155
Colony Capital Operating CV to 434.7826
5.750%, 07/15/2025 (F)		30		44
Liberty Latin America CV to 48.4315
2.000%, 07/15/2024		265		217
Liberty Media CV to 16.7764
3.750%, 02/15/2030		407		302
Liberty Media CV to 22.94686
4.000%, 11/15/2029		367		272
MGIC Investment CV to 74.0741
9.000%, 04/01/2063 (F)		340		434
Royal Caribbean Cruises CV to 13.8672
4.250%, 06/15/2023 (F)		75		87


Total Convertible Bonds (Cost $1,506) ($ Thousands)				1,579

SEI Institutional Managed Trust / Annual Report / September 30, 2020

211

SCHEDULE OF INVESTMENTS

September 30, 2020

Multi-Strategy Alternative Fund (Continued)



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

ASSET-BACKED SECURITIES — 0.3%

Other Asset-Backed Securities — 0.3%

Cifc Funding, Ser 2018-4RA, Cl C
3.473%, VAR ICE LIBOR USD 3 Month+3.200%, 10/17/2030 (F)	$	250	$	233
Octagon Investment Partners 43, Ser 2019-1A, Cl D
4.145%, VAR ICE LIBOR USD 3 Month+3.900%, 10/25/2032 (F)		250		250
OHA Credit Funding 4, Ser 2019-4A, Cl D
4.008%, VAR ICE LIBOR USD 3 Month+3.750%, 10/22/2032 (F)		250		246
THL Credit Wind River CLO, Ser 2017-2A, Cl DR
2.875%, VAR ICE LIBOR USD 3 Month+2.600%, 10/15/2027 (F)		250		238
Tryon Park CLO, Ser 2018-1A, Cl CR
2.975%, VAR ICE LIBOR USD 3 Month+2.700%, 04/15/2029 (F)		250		235
Venture XVII CLO, Ser 2018-17A, Cl DRR
4.039%, VAR ICE LIBOR USD 3 Month+2.820%, 04/15/2027 (F)		200		172


Total Asset-Backed Securities (Cost $1,447) ($ Thousands)				1,374


U.S. TREASURY OBLIGATION — 0.1%
U.S. Treasury Bills
0.105%, 12/03/2020 (I)		482		482


Total U.S. Treasury Obligation (Cost $482) ($ Thousands)				482


MORTGAGE-BACKED SECURITY — 0.0%

Non-Agency Mortgage-Backed Obligations — 0.0%
CHT Mortgage Trust, Ser 2017-CSMO, Cl F
3.903%, VAR ICE LIBOR USD 1 Month+3.741%, 11/15/2036 (C)(F)		175		161


Total Mortgage-Backed Security (Cost $175) ($ Thousands)				161


	Number of Rights
RIGHTS — 0.0%
Celgene Corp CVR *^‡‡		46,673		105


Total Rights (Cost $99) ($ Thousands)				105



Description	Number of Warrants			Market Value ($ Thousands)

WARRANTS — 0.0%
Guitar Center, Expires 12/30/2027 Strike Price $– *(C)		1,552		$	–
Pershing Square Tontine Holdings, Expires 07/27/2025 Strike Price $– *		4,344			31
Windstream Services, Expires Strike Price $– *		5,809			52


Total Warrants (Cost $76) ($ Thousands)					83


	Shares

EXCHANGE TRADED FUND — 0.0%
VelocityShares Daily 2x VIX Short Term ETN		351			22


Total Exchange Traded Fund (Cost $23) ($ Thousands)					22


CASH EQUIVALENTS — 16.9%
Morgan Stanley Institutional Liquidity Fund Government Portfolio
0.020%**		112,500			113
Morgan Stanley Institutional Liquidity Fund Prime Portfolio
0.163%**		112,225			112
Morgan Stanley Institutional Liquidity Fund Treasury Securities Portfolio
0.010%**		112,500			113
Morgan Stanley Institutional Liquidity Fund Treasury Securities Portfolio, Cl I
0.010%**		693,946			694
Morgan Stanley Institutional Liquidity Funds - ESG Money Market Portfolio
0.162%**		112,270			112
SEI Daily Income Trust, Government Fund, Cl F
0.010%**^†		78,712,189			78,712


Total Cash Equivalents (Cost $79,856) ($ Thousands)					79,856


Total Investments in Securities — 95.5% (Cost $437,328) ($ Thousands)				$	450,520


COMMON STOCK SOLD SHORT— (13.4)%

Communication Services — (0.6)%
Cardlytics Inc *		(6,444	)		(455	)
CenturyLink Inc		(71,380	)		(720	)

212

SEI Institutional Managed Trust / Annual Report / September 30, 2020



Description	Shares			Market Value ($ Thousands)

COMMON STOCK SOLD SHORT (continued)
Omnicom Group Inc		(15,023	)	$	(743	)
Verizon Communications Inc		(18,284	)		(1,088	)


					(3,006	)


Consumer Discretionary — (2.5)%
AutoNation Inc *		(7,025	)		(372	)
Booking Holdings Inc *		(472	)		(807	)
Brinker International Inc		(16,023	)		(684	)
Brunswick Corp/DE		(8,914	)		(525	)
Camping World Holdings Inc, Cl A		(28,925	)		(861	)
CarParts.com Inc *		(44,112	)		(477	)
Dick’s Sporting Goods Inc		(13,422	)		(777	)
DR Horton Inc		(9,735	)		(736	)
eBay Inc		(16,143	)		(841	)
Garmin Ltd		(8,311	)		(788	)
Grand Canyon Education Inc *		(7,030	)		(562	)
Hilton Worldwide Holdings Inc		(7,314	)		(624	)
Lennar Corp, Cl A		(9,108	)		(744	)
Marriott International Inc/MD, Cl A		(6,370	)		(590	)
Papa John’s International Inc, Cl A		(8,538	)		(703	)
Polaris Inc		(3,858	)		(364	)
Texas Roadhouse Inc, Cl A		(5,770	)		(351	)
Workhorse Group Inc *		(21,366	)		(540	)
YETI Holdings Inc *		(7,944	)		(360	)


					(11,706	)


Consumer Staples — (0.9)%
Campbell Soup Co		(26,420	)		(1,278	)
Craft Brew Alliance *		(27,229	)		(449	)
General Mills Inc		(5,989	)		(369	)
J M Smucker Co/The		(6,726	)		(777	)
Kroger Co/The		(19,838	)		(673	)
SpartanNash Co		(35,257	)		(577	)


					(4,123	)


Energy — (0.3)%
Exxon Mobil Corp		(20,354	)		(699	)
Pioneer Natural Resources Co		(8,257	)		(710	)


					(1,409	)


Financials — (0.6)%
Charles Schwab Corp/The		(933	)		(34	)
CME Group Inc		(2,173	)		(364	)
FactSet Research Systems Inc		(2,193	)		(734	)
Goldman Sachs Group Inc/The		(3,650	)		(733	)
MSCI Inc, Cl A		(2,055	)		(733	)
Tortoise Acquisition, Cl A *		(8,363	)		(417	)


					(3,015	)



Description	Shares			Market Value ($ Thousands)

COMMON STOCK SOLD SHORT (continued)

Health Care — (0.2)%
Vocera Communications Inc *		(29,456	)	$	(857	)


Industrials — (1.5)%
Advanced Disposal Services *		(35,965	)		(1,087	)
ArcBest Corp		(23,702	)		(736	)
Caterpillar Inc, Cl A		(4,890	)		(729	)
Delta Air Lines Inc, Cl A		(16,326	)		(499	)
Equifax Inc		(3,455	)		(542	)
Hebron Technology *		(12,310	)		(188	)
PACCAR Inc		(10,113	)		(863	)
Roper Technologies Inc		(1,292	)		(511	)
Uber Technologies Inc *		(29,325	)		(1,070	)
United Rentals Inc *		(4,122	)		(719	)


					(6,944	)


Information Technology — (6.3)%
Accenture PLC, Cl A		(2,439	)		(551	)
Advanced Micro Devices Inc *		(8,804	)		(722	)
Alteryx Inc, Cl A *		(3,220	)		(366	)
Analog Devices Inc		(78,372	)		(9,149	)
Anaplan Inc *		(13,666	)		(855	)
Applied Materials Inc		(12,156	)		(723	)
Aspen Technology Inc *		(5,585	)		(707	)
Automatic Data Processing Inc		(5,151	)		(719	)
BigCommerce Holdings Inc *		(7,510	)		(626	)
Booz Allen Hamilton Holding Corp, Cl A		(8,650	)		(718	)
Broadridge Financial Solutions Inc		(5,112	)		(675	)
Canon Inc		(52,400	)		(867	)
Check Point Software Technologies Ltd *		(5,814	)		(700	)
Cognizant Technology Solutions Corp, Cl A		(9,714	)		(674	)
Everbridge Inc *		(5,819	)		(732	)
F5 Networks Inc, Cl A *		(7,171	)		(880	)
Fitbit Inc, Cl A *		(73,921	)		(514	)
FLIR Systems Inc		(15,433	)		(553	)
Inphi Corp *		(6,413	)		(720	)
International Business Machines Corp		(8,754	)		(1,065	)
JFrog *		(5,090	)		(431	)
Lam Research Corp		(2,165	)		(718	)
Medallia Inc *		(18,058	)		(495	)
Oracle Corp, Cl B		(21,959	)		(1,311	)
Paylocity Holding Corp *		(6,141	)		(991	)
Qorvo Inc *		(5,319	)		(686	)
Teradata Corp *		(23,931	)		(543	)
Texas Instruments Inc		(5,113	)		(730	)
Workday Inc, Cl A *		(3,375	)		(726	)
Zscaler Inc *		(5,407	)		(761	)


					(29,908	)

SEI Institutional Managed Trust / Annual Report / September 30, 2020

213

SCHEDULE OF INVESTMENTS

September 30, 2020

Multi-Strategy Alternative Fund (Continued)



Description	Shares			Market Value ($ Thousands)

COMMON STOCK SOLD SHORT (continued)

Materials — (0.3)%
Albemarle Corp		(8,226	)	$	(734	)
Nucor Corp		(16,043	)		(720	)


					(1,454	)


Real Estate — (0.2)%
Iron Mountain Inc		(29,154	)		(781	)


Total Common Stock Sold Short (Proceeds $61,007) ($ Thousands)					(63,203	)


FOREIGN COMMON STOCK SOLD SHORT— (3.3)%

Consumer Discretionary — (0.4)%
GSX Techedu Inc ADR *		(8,008	)		(722	)
Rakuten Inc		(74,300	)		(797	)

					(1,519	)


Financials — (2.2)%
Aon PLC, Cl A		(49,710	)		(10,255	)


Health Care — (0.1)%
Demant A/S *		(20,168	)		(634	)


Information Technology — (0.6)%
Infosys ADR		(48,739	)		(673	)
Seagate Technology PLC		(14,765	)		(728	)
TeamViewer *		(16,408	)		(810	)
Temenos AG		(5,322	)		(718	)


					(2,929	)


Total Foreign Common Stock Sold Short (Proceeds $13,971) ($ Thousands)					(15,337	)

		Face Amount (Thousands	)


CORPORATE OBLIGATIONS SOLD SHORT — (2.9)%

Communication Services — (0.1)%
Front Range BidCo
6.125%, 03/01/2028 (F)	$	(176	)		(182	)
Gray Television
7.000%, 05/15/2027 (F)		(177	)		(192	)
Outfront Media Capital
5.000%, 08/15/2027 (F)		(146	)		(142	)

					(516	)



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

CORPORATE OBLIGATIONS SOLD SHORT (continued)

Consumer Discretionary — (1.1)%
Altice Financing
7.500%, 05/15/2026 (F)	$	(748	)	$	(792	)
American Axle & Manufacturing
6.875%, 07/01/2028		(89	)		(86	)
6.250%, 04/01/2025		(500	)		(494	)
6.250%, 03/15/2026		(41	)		(40	)
Aramark Services
5.000%, 02/01/2028 (F)		(500	)		(504	)
Goodyear Tire & Rubber
5.000%, 05/31/2026		(273	)		(265	)
4.875%, 03/15/2027		(562	)		(532	)
Hilton Domestic Operating
4.875%, 01/15/2030		(151	)		(155	)
Hilton Worldwide Finance
4.625%, 04/01/2025		(177	)		(179	)
MGM Resorts International
5.500%, 04/15/2027		(500	)		(523	)
4.625%, 09/01/2026		(300	)		(298	)
Wynn Las Vegas
5.250%, 05/15/2027 (F)		(77	)		(72	)
ZF Finance GmbH MTN
3.750%, 09/21/2028		(94	)		(107	)
3.000%, 09/21/2025		(500	)		(570	)

					(4,617	)


Consumer Staples — (0.2)%
Dufry One BV
2.000%, 02/15/2027		(600	)		(584	)
US Foods
5.875%, 06/15/2024 (F)		(500	)		(503	)

					(1,087	)


Energy — (0.3)%
Apache
4.375%, 10/15/2028		(303	)		(277	)
Crestwood Midstream Partners
5.625%, 05/01/2027 (F)		(176	)		(157	)
MEG Energy
7.125%, 02/01/2027 (F)		(88	)		(79	)
SM Energy
10.000%, 01/15/2025 (F)		(88	)		(84	)
Southwestern Energy
7.500%, 04/01/2026		(224	)		(219	)
Targa Resources Partners
6.875%, 01/15/2029		(132	)		(141	)
6.500%, 07/15/2027		(500	)		(521	)
Western Midstream Operating
5.050%, 02/01/2030		(132	)		(129	)

					(1,607	)


Financials — (0.1)%
Sabre GLBL
9.250%, 04/15/2025 (F)		(51	)		(56	)
7.375%, 09/01/2025 (F)		(146	)		(148	)

214

SEI Institutional Managed Trust / Annual Report / September 30, 2020



Description	Face Amount (Thousands)			Market Value ($ Thousands)
CORPORATE OBLIGATIONS SOLD SHORT (continued)
Tempo Acquisition
6.750%, 06/01/2025 (F)	$	(159	)	$	(162	)

					(366	)


Health Care — (0.2)%
Global Medical Response
6.500%, 10/01/2025 (F)		(117	)		(116	)
Polaris Intermediate 8.500%, cash/9.250% PIK 12/01/2022 (F)		(489	)		(497	)
Select Medical
6.250%, 08/15/2026 (F)		(252	)		(262	)
Surgery Center Holdings
6.750%, 07/01/2025 (F)		(234	)		(233	)

					(1,108	)


Industrials — (0.2)%
Arconic
6.125%, 02/15/2028 (F)		(233	)		(239	)
Brand Industrial Services
8.500%, 07/15/2025 (F)		(496	)		(469	)
Builders FirstSource
5.000%, 03/01/2030 (F)		(59	)		(61	)
Spirit AeroSystems
7.500%, 04/15/2025 (F)		(161	)		(163	)

					(932	)


Information Technology — (0.3)%
CommScope
8.250%, 03/01/2027 (F)		(400	)		(416	)
Diebold Nixdorf
9.375%, 07/15/2025 (F)		(94	)		(99	)
Presidio Holdings
4.875%, 02/01/2027 (F)		(500	)		(505	)
Western Digital
4.750%, 02/15/2026		(500	)		(542	)

					(1,562	)


Materials — (0.4)%
Chemours
7.000%, 05/15/2025		(500	)		(506	)
Cleveland-Cliffs
5.875%, 06/01/2027		(497	)		(462	)
Hexion
7.875%, 07/15/2027 (F)		(257	)		(257	)
Mauser Packaging Solutions Holding
5.500%, 04/15/2024 (F)		(500	)		(502	)
Trivium Packaging Finance BV
8.500%, 08/15/2027 (F)		(189	)		(204	)

					(1,931	)



Description	Face Amount (Thousands)			Market Value ($ Thousands)
CORPORATE OBLIGATIONS SOLD SHORT (continued)
Utilities — 0.0%
Calpine
4.625%, 02/01/2029 (F)	$	(88	)	$	(88	)


Total Corporate Obligations Sold Short (Proceeds $13,612) ($ Thousands)					(13,814	)


		Shares


EXCHANGE TRADED FUNDS SOLD SHORT — (1.2)%
Exchange Traded Fund — (1.2)%
iShares Russell 2000 ETF		(14,503	)		(2,172	)
SPDR S&P 500 ETF Trust		(9,205	)		(3,083	)
VanEck Vectors Semiconductor ETF		(3,334	)		(581	)


Total Exchange Traded Funds Sold Short (Proceeds $5,833) ($ Thousands)					(5,836	)


		Face Amount (Thousands	)

U.S. TREASURY OBLIGATIONS SOLD SHORT — (0.4)%
U.S. Treasury Notes
0.625%, 08/15/30		(1,592	)		(1,584	)
0.250%, 07/31/25		(115	)		(115	)


Total U.S. Treasury Obligations (Proceeds $1,699) ($ Thousands)					(1,699	)


Total Investments Sold Short — (21.2)% (Proceeds $96,122) ($ Thousands)				$	(99,889	)


		Contracts

*PURCHASED OPTIONS — 0.2%**

Total Purchased Options (O) (Cost $841) ($ Thousands)		8,595		$	810


*WRITTEN OPTIONS — 0.0%**

Total Written Options (O) (Premiums Received $361) ($ Thousands)		(5,646	)	$	(210	)


*WRITTEN SWAPTION — 0.0%**

Total Written Swaption (P) (Premiums Received $10) ($ Thousands)		(1,272,000	)	$	(13	)

SEI Institutional Managed Trust / Annual Report / September 30, 2020

215

SCHEDULE OF INVESTMENTS

September 30, 2020

Multi-Strategy Alternative Fund (Continued)

A list of the open exchange traded options contracts for the Fund at September 30, 2020, is as follows:


Description	Number of Contracts			Notional Amount (Thousands)^†			Exercise Price		Expiration Date		Value (Thousands)

PURCHASED OPTIONS — 0.2%

Put Options
58.Com Inc*		6		$	1			$50.00		1/16/2021	$	–
Bitauto Holdings Ltd*		12			1			15.00		12/19/2020		–
Bitauto Holdings Ltd*		4			–			15.00		1/16/2021		–
Energy Select Sector SPDR Fund*		35			6			29.00		11/21/2020		5
Genworth Financial*		122			1			2.50		10/17/2020		1
Immunomedics*		35			–			55.00		10/17/2020		–
Immunomedics*		122			1			65.00		10/17/2020		1
Immunomedics*		131			1			60.00		10/17/2020		1
Immunomedics*		935			7			60.00		10/17/2020		5
iShares iBoxx $ High Yield Corporate Bond ETF*		47			5			79.00		11/21/2020		3
iShares iBoxx $ High Yield Corporate Bond ETF*		117			13			81.00		11/21/2020		12
Russell 2000 Index*		2			8			1,520.00		10/17/2020		9
S&P 500 Index*		5,324			252			3,350.00		10/17/2020		235
S&P 500 Index*		20			108			3,340.00		10/17/2020		96
S&P 500 Index*		16			38			3,250.00		10/17/2020		33
S&P 500 Index*		20			26			3,180.00		10/17/2020		19
S&P 500 Index*		1			7			3,150.00		11/21/2020		7
S&P 500 Index*		4			25			3,200.00		10/17/2020		8
S&P 500 Index*		16			15			3,150.00		10/17/2020		11
Sogou*		110			2			7.50		10/17/2020		–
SPDR S&P 500 ETF Trust*		44			207			400.00		10/17/2020		290
SPDR^® S&P^® Oil & Gas Exploration & Production ETF*		44			7			37.00		11/21/2020		7
Sunrun Inc.*		71			10			22.00		10/17/2020		–
Taubman Centers*		193			10			30.00		10/17/2020		8
Taubman Centers*		18			–			20.00		10/17/2020		–
Taubman Centers*		2			–			22.50		10/17/2020		–
Taubman Centers*		651			21			25.00		10/17/2020		13
TransDigm Group*		3			5			440.00		11/21/2020		6
Wright Medical Group*		2			–			25.00		1/16/2021		–

					777							770


Call Options
Associated Capital Group*		22			3			22.00		1/16/2021		1
Cloudera*		247			37			10.00		10/17/2020		25
Comtech Telecommunications Corp.*		32			5			15.00		1/16/2021		5
Gilat Satellite Networks*		83			8			5.00		12/19/2020		6
Gilat Satellite Networks*		5			–			5.00		10/17/2020		–
Simon Property Group Inc*		9			3			75.00		10/17/2020		1
Spirit AeroSystems Holdings Inc*		26			5			35.00		10/17/2020		–
Tapestry*		64			3			20.00		11/21/2020		2

					64							40


Total Purchased Options					841						$	810


WRITTEN OPTIONS — 0.0%

Put Options
Energy Select Sector SPDR Fund*		(35	)	$	(1	)		24.00		11/21/20	$	(1	)
iShares iBoxx $ High Yield Corporate Bond ETF*		(47	)		(2	)		74.00		11/21/20		(2	)
iShares iBoxx $ High Yield Corporate Bond ETF*		(117	)		(4	)		75.00		11/21/20		(4	)
Russell 2000 Index*		(2	)		(3	)		1,370.00		10/17/20		(1	)

216

SEI Institutional Managed Trust / Annual Report / September 30, 2020


Description	Number of Contracts			Notional Amount (Thousands)^†		Exercise Price		Expiration Date		Value (Thousands)

WRITTEN OPTIONS (continued)
S&P 500 Index*		(1	)	$	(3)		$2,900.00		11/21/20	$	(2	)
S&P 500 Index*		(4	)		(11)		3,100.00		10/17/20		(5	)
S&P 500 Index*		(32	)		(48)		3,200.00		10/17/20		(32	)
S&P 500 Index*		(40	)		(110)		3,260.00		10/17/20		(71	)
S&P 500 Index*		(5,324	)		(177)		3,250.00		10/17/20		(90	)
SPDR^® S&P^® Oil & Gas Exploration & Production ETF*		(44	)		(2)		32.00		11/21/20		(2	)


					(361)						(210	)


Total Written Options				$	(361)					$	(210	)

^† Represents Cost

A list of the OTC swaptions contracts for the Fund at September 30, 2020, is as follows:

Description

Counterparty

Number of Contracts/
Notional Amount

Exercise Price

Expiration Date

Value
(Thousands)

WRITTEN SWAPTION — 0.0%

Put Swaptions

Swaption*

Bank of America Merill Lynch

(1,272,000)

101.00

11/21/2020

(13)

A list of the open futures contracts held by the Fund at September 30, 2020 is as follows:


Type of Contract	Number of Contracts Short		Expiration Date		Notional Amount (Thousands)		Value (Thousands)		Unrealized Depreciation (Thousands)
S&P 500 Index E-MINI		(10)		Dec-2020	$	(1,662)	$	(1,676)	$	(14)

A list of the open forward foreign currency contracts held by the Fund at September 30, 2020 is as follows:



Counterparty	Settlement Date		Currency to Deliver (Thousands)			Currency to Receive (Thousands)		Unrealized Appreciation (Depreciation) (Thousands)
Barclays PLC	12/04/20	EUR		360	USD		425	$	3
Barclays PLC	12/16/20	USD		251	EUR		212		(3)
BNYMellon	10/09/20 - 12/16/20	USD		164	EUR		140		—
BNYMellon	12/16/20	USD		562	EUR		474		(6)
BNYMellon	12/16/20	GBP		107	USD		139		—
BNYMellon	12/16/20	GBP		107	USD		139		—
BNYMellon	12/16/20	EUR		2,922	USD		3,477		44
BNYMellon	12/16/20	EUR		300	USD		351		(1)
Citi	10/21/20	AUD		102	USD		70		(2)
Citi	10/21/20	CAD		383	USD		290		3
Citi	10/21/20	CAD		688	USD		506		(9)
Citi	11/18/20	CNH		11,423	USD		1,633		(45)
Deutsche Bank	12/16/20	USD		615	RUB		47,273		(11)
Deutsche Bank	12/16/20	RUB		86,661	USD		1,127		20
Deutsche Bank	12/17/20	USD		690	ZAR		11,643		2
Goldman Sachs	10/02/20	USD		2,879	BRL		15,541		(122)
Goldman Sachs	10/02/20 - 02/02/21	BRL		23,374	USD		4,325		183
Goldman Sachs	10/21/20	USD		233	ILS		801		2
Goldman Sachs	11/18/20	USD		35	JPY		3,689		—
Goldman Sachs	11/18/20	USD		570	KRW		675,906		10

SEI Institutional Managed Trust / Annual Report / September 30, 2020

217

SCHEDULE OF INVESTMENTS

September 30, 2020

Multi-Strategy Alternative Fund (Continued)



Counterparty	Settlement Date		Currency to Deliver (Thousands)			Currency to Receive (Thousands)		Unrealized Appreciation (Depreciation) (Thousands)
Goldman Sachs	11/18/20	CNH		12,871	USD		1,840	$	(50)
Goldman Sachs	11/18/20	KRW		899,059	USD		758		(14)
HSBC	10/21/20	CAD		1,370	USD		1,008		(17)
HSBC	11/18/20	USD		1,425	CNH		9,949		36
HSBC	11/18/20	CNH		3,151	USD		450		(12)
HSBC	11/18/20	JPY		14,461	USD		137		—
HSBC	12/16/20	USD		127	GBP		95		(4)
HSBC	12/16/20	EUR		429	USD		510		6
JPMorgan Chase Bank	10/02/20	USD		640	BRL		3,390		(39)
JPMorgan Chase Bank	10/21/20	CAD		253	USD		186		(3)
JPMorgan Chase Bank	11/18/20	USD		396	JPY		41,713		(1)
JPMorgan Chase Bank	12/16/20	USD		241	GBP		181		(7)
JPMorgan Chase Bank	12/16/20	USD		548	CHF		497		(5)
JPMorgan Chase Bank	12/16/20	EUR		1,414	USD		1,681		20
JPMorgan Chase Bank	12/16/20	RUB		201,380	USD		2,620		47
JPMorgan Chase Bank	12/16/20	IDR		55,096,139	USD		3,691		31
JPMorgan Chase Bank	12/17/20	USD		662	ZAR		11,368		13
Merrill Lynch	11/04/20	USD		610	BRL		3,390		(9)
Merrill Lynch	12/16/20	RUB		10,439	USD		136		2
Montgomery/Bank of America	10/21/20	USD		557	CAD		753		7
Montgomery/Bank of America	10/21/20	AUD		956	USD		663		(22)
Montgomery/Bank of America	11/18/20	USD		508	JPY		53,542		—
Montgomery/Bank of America	11/18/20	JPY		92,760	USD		876		(4)
Montgomery/Bank of America	12/16/20	USD		154	CHF		140		(1)
Montgomery/Bank of America	12/16/20	USD		386	GBP		289		(11)
Montgomery/Bank of America	12/16/20	USD		627	EUR		528		(7)
Morgan Stanley	10/21/20	AUD		219	USD		158		1
Morgan Stanley	10/21/20	USD		486	AUD		693		11
Morgan Stanley	10/21/20	USD		775	CAD		1,020		(12)
Morgan Stanley	10/21/20	CAD		994	USD		754		10
Morgan Stanley	10/30/20	CAD		410	USD		307		—
Morgan Stanley	10/30/20	CAD		38	USD		28		—
Morgan Stanley	10/30/20	EUR		450	USD		526		(2)
Morgan Stanley	11/18/20	USD		797	JPY		84,235		2
Morgan Stanley	12/16/20	GBP		431	USD		574		17
Morgan Stanley	12/16/20	USD		1,201	EUR		1,010		(14)
Morgan Stanley	12/16/20	RUB		240,409	USD		3,126		54
State Street	10/21/20	USD		310	AUD		447		10
State Street	10/21/20	USD		823	CAD		1,119		15
State Street	10/21/20	USD		845	ILS		2,907		6
State Street	10/21/20	AUD		199	USD		143		—
State Street	10/21/20	AUD		891	USD		618		(20)
State Street	10/21/20	ILS		1,365	USD		397		(2)
State Street	10/21/20	CAD		501	USD		375		—
State Street	10/21/20	CAD		2,423	USD		1,782		(32)
State Street	11/18/20	USD		354	JPY		37,368		—
State Street	11/18/20	USD		390	CNH		2,727		10
State Street	11/18/20	CNH		24,457	USD		3,525		(66)
State Street	11/18/20	JPY		238,182	USD		2,264		6

218

SEI Institutional Managed Trust / Annual Report / September 30, 2020



Counterparty	Settlement Date		Currency to Deliver (Thousands)			Currency to Receive (Thousands)		Unrealized Appreciation (Depreciation) (Thousands)
State Street	11/18/20	JPY		60,593	USD		573	$	(2)
State Street	12/16/20	CHF		74	USD		82		1
State Street	12/16/20	USD		168	CHF		154		(1)
State Street	12/16/20	EUR		562	USD		668		8
State Street	12/16/20	GBP		1,394	USD		1,862		60
TD Bank	10/21/20	CAD		664	USD		488		(9)
TD Bank	12/16/20	EUR		335	USD		398		4
UBS	10/21/20	CAD		774	USD		570		(10)
UBS	11/18/20	USD		896	JPY		94,275		(1)
UBS	11/18/20	JPY		17,129	USD		162		—
UBS	12/16/20	USD		1,001	GBP		751		(30)
UBS	12/16/20	USD		1,889	EUR		1,590		(22)
Westpac Banking	10/21/20	AUD		345	USD		239		(8)
Westpac Banking	12/16/20	USD		74	EUR		62		(1)
Westpac Banking	12/16/20	GBP		256	USD		341		10

								$	17

A list of the open OTC swap agreements held by the Fund at September 30, 2020 is as follows:

Credit Default Swap

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)

Citibank

Dillards Inc.

Buy

1.00%

Quarterly

12/20/2020

$55

$ —

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)

Bank of America

Indonesia
Government

3 MONTH USD -LIBOR

INDONESIA GOVERMENT

Merrill Lynch

Bond

+ 1%

6.5% 06/15/2025

Semi-Annually

05/21/2021

USD

22,922,000

–

Deutsche Bank

Indonesia
Treasury Bond

3 MONTH USD -LIBOR

+ INDONESIA GOVERNMENT

60 BPS

8.25% 6/15/2032

Semi-Annually

06/15/2032

USD

10,657,000

(80

)

–

(80)

Deutsche Bank

Indonesia
Treasury Bond

3 MONTH USD -
LIBOR

INDONESIA GOVERNMENT
8.25% 6/15/2032

Semi-Annually

06/15/2032

USD

20,080,000

(23

)

–

(23)

Goldman Sachs

NETMARBLE
CORP

NETMARBLE CORP

1MLIBOR - 50

Monthly

12/15/2025

KRW

939

–

Goldman Sachs

SILERGY CORP

1MLIBOR - 50

SILERGY CORP

Annually

12/15/2025

USD

(1,078)

(18

)

–

(18)

Goldman Sachs

WINBOND
ELECTRONICS

1MLIBOR - 50

Monthly

12/15/2025

TWD

(1,185)

(20

)

–

(20)

Morgan Stanley

COMTECH
TELCOM

COMTECH TELCOM

FEDEF-1D

Annually

06/07/2021

USD

(470)

(42

)

–

(42)

Morgan Stanley

EVOLUTION
GAMING

FAURECIA

EVOLUTION GAMING(L)

Annually

08/04/2022

SEK

(623)

)

–

(3)

Morgan Stanley

FITBIT INC – A

FEDEF-1D

Monthly

09/07/2021

USD

190

(11

)

–

(11)

Morgan Stanley

GILAT
SATELLITE

GILAT SATELLITE

FEDEF-1D

Annually

06/07/2021

USD

(1,286)

(178

)

–

(178)

Morgan Stanley

GRANDVISION
NV

GRANDVISION NV

EURIB-1M

Annually

11/01/2021

EUR

(2,995)

108

–

108

Morgan Stanley

JUST EAT
TAKEAWAY

FEDEF-1D

Monthly

09/10/2022

USD

)

–

(3)

Morgan Stanley

NASDAQ 100
TOTAL
RETURN

NASDAQ 100 TOTAL

RETURN

1MLIBOR - 30

Monthly

12/15/2025

USD

1,442

–

Morgan Stanley

NETENT B

EONIA-1D

Monthly

08/04/2022

SEK

612

–

Morgan Stanley

Northview
Apartment REIT

NORTHVIEW
APARTMENT

REAL ESTAT

DISC -1D

Annually

08/23/2021

CAD

(2,062)

–

Morgan Stanley

PFIZER INC

FEDEF-1D

Annually

06/07/2021

USD

(87)

–

Morgan Stanley

S&P 500
EQUAL
WEIGHTED

00 EQUAL WEIGHTED

INTC USD

1MLIBOR - 30

Monthly

12/15/2025

USD

2,578

)

–

(6)

SEI Institutional Managed Trust / Annual Report / September 30, 2020

219

SCHEDULE OF INVESTMENTS

September 30, 2020

Multi-Strategy Alternative Fund (Continued)

Total Return Swaps (continued)

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)

(10)

–

(10)

A list of the open centrally cleared swap agreements held by the Fund at September 30, 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.HY.34	Buy	5.00%	Quarterly	06/20/2025		$ 173	$	(8)	$	(2)	$	(6)
CDX.HY.34	Buy	5.00%	Quarterly	06/20/2025		480		(22)		(3)		(19)
CDX.HY.34	Buy	5.00%	Quarterly	06/20/2025		336		(16)		(1)		(15)
CDX.HY.34	Buy	5.00%	Quarterly	06/20/2025		336		(16)		(1)		(15)
CDX.HY.34	Buy	5.00%	Quarterly	06/20/2025		336		(16)		(1)		(15)
CDX.HY.34	Buy	5.00%	Quarterly	06/20/2025		374		(17)		—		(17)
CDX.HY.35	Buy	5.00%	Quarterly	12/25/2025		1,060		(43)		(42)		(1)
GAP Inc.	Buy	1.00%	Quarterly	06/20/2025		270		21		41		(20)
ITRX XOVER	Buy	5.00%	Quarterly	12/20/2025		175		(15)		(16)		1
Kazakhstan	Buy	1.00%	Quarterly	12/20/2024		1,522		(36)		(38)		2
Macys Inc.	Buy	1.00%	Quarterly	12/20/2020		55		1		1		—
Mexico	Buy	1.00%	Quarterly	06/20/2023		1,273		(4)		—		(4)
Mexico	Buy	1.00%	Quarterly	12/20/2023		2,938		(2)		(20)		18
Mexico	Buy	1.00%	Quarterly	12/20/2023		458		—		3		(3)
Nordstrom	Buy	1.00%	Quarterly	06/20/2025		50		10		3		7
Republic of Korea	Buy	1.00%	Quarterly	06/20/2024		3,487		(106)		(96)		(10)
Republic of Turkey	Sell	1.00%	Quarterly	12/20/2022		(654)		(56)		(13)		(43)
Republic of Turkey	Buy	1.00%	Quarterly	06/20/2024		1,709		240		122		118
Simon Property Group	Buy	1.00%	Quarterly	06/20/2025		275		6		18		(12)
SOAF	Buy	1.00%	Quarterly	12/20/2024		3,425		257		—		257

							$	178	$	(45)	$	223



Interest Rate Swaps

Fund Pays	Fund Receives		Payment Frequency		Termination Date		Currency		Notional Amount (Thousands)		Value (Thousands)		Upfront Payments/ Receipts (Thousands)		Net Unrealized Appreciation (Depreciation) (Thousands)
1.0 X MXIBTIIE + 0.0 BPS		4.475		Monthly		12/14/2022		MXN		33,816	$	(3)	$	–	$	(3)
1.0 X BZDIOVRA + 0.0 BPS		4.13		Annually		01/02/2023		BRL		8,776		(13)		–		(13)
1.0 X BZDIOVRA + 0.0 BPS		4.08		Annually		01/02/2023		BRL		8,032		(13)		–		(13)
1.0 X BZDIOVRA + 0.0 BPS		4.54%		Annually		01/02/2023		BRL		6,776		1		–		1
1.0 X MXIBTIIE + 0.0 BPS		5.07		Monthly		12/10/2025		MXN		31,148		(4)		–		(4)
1.0 X CNRR007 + 0.0 BPS		2.779		Quarterly		12/16/2025		CNY		13,693		12		–		12
1.0 X MXIBTIIE + 0.0 BPS		5.814		Monthly		12/04/2030		MXN		32,810		(14)		–		(14)

											$	(34)	$	–	$	(34)

Percentages are based on Net Assets of $471,932 ($ Thousands).

*	Non-income producing security.

**	The rate reported is the 7-day effective yield as of September 30, 2020.

^‡	Real Estate Investment Trust.

^‡‡	Expiration date not available.

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

(A)	Security, or a portion thereof, is owned through a holding entity, Bamboo Temple, LLC.

(B)	Security, or portion thereof, has been pledged as collateral on securities sold short.

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

(D)	Securities considered illiquid. The total value of such securities as of September 30, 2020 was $586 ($ Thousands) and represented 0.1% of the Net Assets of the Fund.

(E)	Security fair valued using methods determined in good faith by the Valuation Committee of the Board of Trustees. The total market value of such securities as of September 30, 2020 was $1,010 ($ Thousands) and represented 0.2% of the Net Assets of the Fund.

(F)	Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration normally to qualified institutions.

On September 30, 2020, the value of these securities amounted to $48,300 ($ Thousands), representing 10.2% of the Net Assets of the Fund.

(G)	Security is in default on interest payment.

(H)	Perpetual security with no stated maturity date.

(I)	Zero coupon security. The rate shown on the Schedule of Investments is the security’s effective yield at the time of purchase.

(J)	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.

220

SEI Institutional Managed Trust / Annual Report / September 30, 2020

(K)	Unsettled bank loan. Interest rate may not be available.

(L)	Step Bonds – Represents the current rate, the step rate, the step date and the final maturity date.

(M)	There is currently no rate available.

(N)	Security is a Master Limited Partnership. At September 30, 2020, such securities amounted to $100 ($ Thousands), or 0.0% of the Net Assets of the Fund (See Note 2).

(O)	Refer to table below for details on Options Contracts.

(P)	Refer to table below for details on Swaption Contracts.

ADR

— American Depositary Receipt

AUD

— Australian Dollar

BRL

— Brazilian Real

CAD

— Canadian Dollar

CHF

— Swiss Franc

— Class

CLO

— Collateralized Loan Obligation

CNH

— Chinese Yuan Offshore

— Convertible Security

CVR

— Contingent Value Rights

DAC

— Designated Activity Company

EGP

— Egyptian Pound

ETF

— Exchange-Traded Fund

ETN

— Exchange Traded Note

EUR

— Euro

FHLMC

— Federal Home Loan Mortgage Corporation

FNMA

— Federal National Mortgage Association

GBP

— British Pound Sterling

— General Obligation

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

LLLP

— Limited Liability Limited Partnership

L.P.

— Limited Partnership

Ltd.

— Limited

MSCI

— Morgan Stanley Capital International

MTN

— Medium Term Note

NASDAQ

– National Association of Securities Dealers and Automated Quotations

OTC

— Over The Counter

PIK

— Payment-in-Kind

PLC

— Public Limited Company

— Revenue Bond

REIT

— Real Estate investment Trust

RUB

— Russian Ruble

S&P—

Standard & Poor’s

SEK

— Swedish Krona

Ser

— Series

SPDR

— Standard & Poor’s Depository Receipt

TIIE

— Interbank Equilibrium Interest Rate

ULC

— Unlimited Liability Company

USD

— U.S. Dollar

VAR

— Variable Rate

ZAR

— South African Rand

The following is a list of the level of inputs used as of September 30, 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		164,100			54			245		164,399
Corporate Obligations		–			74,709			654		75,363
Registered Investment Company		51,081			–			–		51,081
Foreign Common Stock		30,937			–			–		30,937
Loan Participations		–			17,002			2,658		19,660
Sovereign Debt		–			18,176			–		18,176
Municipal Bonds		–			4,387			152		4,539
Preferred Stock		2,677			–			26		2,703
Convertible Bonds		–			1,579			–		1,579
Asset-Backed Securities		–			1,374			–		1,374
U.S. Treasury Obligation		–			482			–		482
Mortgage-Backed Security		–			–			161		161
Rights		105			–			–		105
Warrants		–			83			–		83
Exchange Traded Fund		22			–			–		22
Cash Equivalents		79,856			–			–		79,856

Total Investments in Securities		328,778			117,846			3,896		450,520

Securities Sold Short
Common Stock		(63,203	)		–			–		(63,203	)
Foreign Common Stock		(15,337	)		–			–		(15,337	)
Corporate Obligations		–			(13,814	)		–		(13,814	)
Exchange Traded Funds		(5,836	)		–			–		(5,836	)
U.S. Treasury Obligations		–			(1,699	)		–		(1,699	)

Total Securities Sold Short		(84,376	)		(15,513	)		–		(99,889	)



Other Financial Instruments	Level 1 ($)			Level 2 ($)			Level 3 ($)		Total ($)
Purchased Options		810			–			–		810
Written Options		(210	)		–			–		(210	)
Written Swaptions		–			(13	)		–		(13	)
Futures Contracts*
Unrealized Depreciation		(14	)		–			–		(14	)
Forwards Contracts*
Unrealized Appreciation		–			654			–		654
Unrealized Depreciation		–			(637	)		–		(637	)
OTC Swaps
Credit Default Swaps*
Unrealized Appreciation		–			–			–		–
Total Return Swaps*
Unrealized Appreciation		–			374			–		374
Unrealized Depreciation		–			(384	)		–		(384	)
Centrally Cleared Swaps
Credit Default Swaps*
Unrealized Appreciation		–			403			–		403
Unrealized Depreciation		–			(180	)		–		(180	)
Interest Rate Swaps*
Unrealized Appreciation		–			13			–		13
Unrealized Depreciation		–			(47	)		–		(47	)

Total Other Financial Instruments		586			183			–		769

(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 year ended September 30, 2020, there were 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 / Annual Report / September 30, 2020

221

SCHEDULE OF INVESTMENTS

September 30, 2020

Multi-Strategy Alternative Fund (Concluded)

The following is a summary of the Fund’s transactions with affiliates for the year ended September 30, 2020 ($ Thousands):


Security Description	Value 9/30/2019	Purchases at Cost	Proceeds from Sales	Realized Gain (Loss)	Change in Unrealized Appreciation (Depreciation)	Value 9/30/2020	Shares	Income	Capital Gains
SEI Daily Income Trust, Government Fund, Cl F	$153,543	$816,057	$(890,888)	$ —	$ —	$78,712	78,712,189	$ 1,119	$ —

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

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

222

SEI Institutional Managed Trust / Annual Report / September 30, 2020

CONSOLIDATED SCHEDULE OF INVESTMENTS

September 30, 2020

Multi-Asset Accumulation Fund

Sector Weightings (Unaudited)^†:

LOGO

^†Percentages are based on total investments.



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

U.S. TREASURY OBLIGATIONS — 46.3%
U.S. Treasury Bills
0.175%, 12/24/2020 (A)(B)	$	8,172	$	8,170
0.165%, 01/07/2021 (A)(B)		64,938		64,921
0.160%, 10/08/2020 (A)(B)		336,776		336,772
0.160%, 11/27/2020 (A)(B)		3,721		3,720
0.155%, 11/12/2020 (A)(B)		4,789		4,789
0.150%, 10/29/2020 (A)(B)		49,898		49,894
0.150%, 11/19/2020 (A)(B)		331		331
0.147%, 10/20/2020 (A)(B)(E)		84,000		83,997
0.145%, 10/22/2020 (A)(B)		35,149		35,147
0.145%, 01/14/2021 (A)(B)		488		488
0.130%, 11/05/2020 (A)(B)		1,921		1,921
0.130%, 01/21/2021 (A)(B)		596		596
0.130%, 01/28/2021 (A)(B)		33,682		33,671
0.125%, 03/11/2021 (B)		71,516		71,483
0.120%, 02/11/2021 (B)		41,696		41,680
0.120%, 02/25/2021 (A)(B)		7,254		7,251
0.120%, 03/18/2021 (B)		24,163		24,151
0.115%, 03/04/2021 (A)(B)		632		632
0.105%, 03/25/2021 (A)(B)		3,185		3,183
U.S. Treasury Inflation Protected Securities
3.875%, 04/15/2029		1,576		2,267
3.625%, 04/15/2028		1,602		2,197
3.375%, 04/15/2032		8,028		12,195
2.500%, 01/15/2029		1,810		2,365
2.375%, 01/15/2025		1,100		1,277
2.375%, 01/15/2027		1,285		1,584
2.125%, 02/15/2040		1,199		1,839
2.125%, 02/15/2041		1,183		1,840
2.000%, 01/15/2026		1,305		1,538
1.750%, 01/15/2028		586		714
1.375%, 02/15/2044		1,112		1,584
1.125%, 01/15/2021		1,184		1,192
1.000%, 02/15/2046		1,094		1,477
1.000%, 02/15/2049		7,208		10,073
0.875%, 01/15/2029		27,649		32,217



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

U.S. TREASURY OBLIGATIONS (continued)
0.750%, 07/15/2028	$	27,364	$	31,533
0.750%, 02/15/2042		4,587		5,777
0.750%, 02/15/2045		825		1,052
0.625%, 07/15/2021		1,150		1,166
0.625%, 01/15/2024		1,110		1,180
0.625%, 01/15/2026		5,452		6,011
0.625%, 02/15/2043		1,127		1,391
0.500%, 01/15/2028		33,477		37,579
0.375%, 07/15/2023		1,113		1,168
0.375%, 07/15/2025		6,556		7,118
0.375%, 01/15/2027		28,961		31,869
0.375%, 07/15/2027		23,599		26,241
0.250%, 01/15/2025		547		584
0.250%, 07/15/2029		50,950		57,008
0.125%, 04/15/2021		547		549
0.125%, 01/15/2022		572		581
0.125%, 04/15/2022		12,252		12,470
0.125%, 07/15/2022		563		578
0.125%, 01/15/2023		6,174		6,364
0.125%, 07/15/2024		5,456		5,772
0.125%, 10/15/2024		21,712		23,048
0.125%, 04/15/2025		8,526		9,075
0.125%, 07/15/2026		25,769		27,955
0.125%, 01/15/2030		44,009		48,650
0.125%, 07/15/2030		14,350		15,963


Total U.S. Treasury Obligations (Cost $1,185,762) ($ Thousands)				1,207,838


SOVEREIGN DEBT — 16.4%
Andina de Fomento
4.375%, 06/15/2022 (A)		125		132
Asian Development Bank MTN
2.625%, 01/12/2027 (A)		1,750		1,969
2.375%, 08/10/2027 (A)		500		558
2.000%, 04/24/2026 (A)		500		541
1.750%, 08/14/2026 (A)		500		535
Canada Government International Bond
2.000%, 11/15/2022 (A)		375		389
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		503
Deutsche Bundesrepublik Inflation Linked Bond
0.500%, 04/15/2030	EUR	48,797		67,115
0.100%, 04/15/2023		7,401		8,848
0.100%, 04/15/2026		8,759		10,984
0.100%, 04/15/2046		4,981		8,185

SEI Institutional Managed Trust / Annual Report / September 30, 2020

223

CONSOLIDATED SCHEDULE OF INVESTMENTS

September 30, 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		1,006
1.875%, 02/23/2022 (A)		375		384
European Investment Bank
4.875%, 02/15/2036 (A)		250		378
3.250%, 01/29/2024 (A)		1,500		1,647
2.625%, 03/15/2024 (A)		1,000		1,080
2.500%, 10/15/2024 (A)		1,000		1,087
2.125%, 04/13/2026 (A)		500		546
1.875%, 02/10/2025 (A)		500		532
Export Development Canada
2.750%, 03/15/2023 (A)		750		795
2.625%, 02/21/2024 (A)		1,375		1,481
2.500%, 01/24/2023 (A)		750		789
French Republic Government Bond OAT
3.400%, 07/25/2029	EUR	2,635		4,323
3.150%, 07/25/2032		2,592		4,649
2.100%, 07/25/2023 (C)		1,400		1,766
1.850%, 07/25/2027		13,893		19,708
1.800%, 07/25/2040 (C)		1,200		2,239
1.100%, 07/25/2022		5,685		6,924
0.700%, 07/25/2030 (C)		17,943		24,875
0.250%, 07/25/2024		1,916		2,363
0.100%, 03/01/2021		1,048		1,229
0.100%, 07/25/2021		1,275		1,497
0.100%, 03/01/2025		3,160		3,844
0.100%, 03/01/2026 (C)		1,000		1,247
0.100%, 03/01/2028		5,258		6,613
0.100%, 03/01/2029		7,998		10,330
0.100%, 07/25/2036 (C)		5,289		7,322
0.100%, 07/25/2047 (C)		1,040		1,571
Inter-American Development Bank
7.000%, 06/15/2025 (A)	$	500		648
3.000%, 10/04/2023 (A)		250		270
3.000%, 02/21/2024 (A)		250		272
2.125%, 11/09/2020 (A)		250		250
2.000%, 06/02/2026 (A)		1,000		1,081
1.875%, 03/15/2021 (A)		500		504
1.750%, 09/14/2022 (A)		1,000		1,030
International Bank for Reconstruction & Development
4.750%, 02/15/2035 (A)		250		368
2.500%, 03/19/2024 (A)		750		805
2.500%, 11/25/2024 (A)		500		544
1.875%, 10/07/2022 (A)		875		904
1.750%, 04/19/2023 (A)		1,000		1,038
International Finance MTN
2.125%, 04/07/2026 (A)		1,000		1,088
Italy Buoni Poliennali Del Tesoro
3.100%, 09/15/2026 (C)	EUR	4,501		6,222



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

SOVEREIGN DEBT (continued)
2.600%, 09/15/2023 (C)	EUR	4,749	$	6,036
2.550%, 09/15/2041 (C)		1,002		1,600
2.350%, 09/15/2024 (C)		2,133		2,740
2.350%, 09/15/2035 (C)		3,132		4,680
2.100%, 09/15/2021 (C)		1,552		1,863
1.300%, 05/15/2028 (C)		4,958		6,236
1.250%, 09/15/2032 (C)		2,047		2,628
0.400%, 05/15/2030 (C)		3,003		3,525
0.100%, 05/15/2022 (C)		2,083		2,447
Korea Development Bank/The
4.625%, 11/16/2021 (A)	$	250		261
Korea International Bond
2.750%, 01/19/2027 (A)		1,000		1,098
Nordic Investment Bank
1.250%, 08/02/2021 (A)		500		504
North American Development Bank
2.400%, 10/26/2022 (A)		200		207
Province of Alberta Canada
3.350%, 11/01/2023 (A)		250		272
3.300%, 03/15/2028 (A)		500		583
2.950%, 01/23/2024 (A)		250		270
2.200%, 07/26/2022 (A)		1,000		1,033
Province of British Columbia Canada
6.500%, 01/15/2026 (A)		250		323
2.000%, 10/23/2022 (A)		750		776
Province of Manitoba Canada
3.050%, 05/14/2024 (A)		250		272
2.600%, 04/16/2024 (A)		500		537
2.125%, 05/04/2022 (A)		250		257
Province of Ontario Canada
3.200%, 05/16/2024 (A)		250		275
2.500%, 04/27/2026 (A)		1,000		1,097
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		518
2.000%, 10/02/2029 (A)		500		540
Province of Quebec Canada
7.500%, 09/15/2029 (A)		450		691
2.875%, 10/16/2024 (A)		500		547
2.625%, 02/13/2023 (A)		500		527
2.500%, 04/09/2024 (A)		1,000		1,073
2.500%, 04/20/2026 (A)		750		819
Svensk Exportkredit AB MTN
2.875%, 03/14/2023 (A)		1,000		1,062
1.750%, 03/10/2021 (A)		1,000		1,006
United Kingdom Gilt Inflation Linked
4.125%, 07/22/2030	GBP	500		2,502
2.500%, 07/17/2024		340		1,587
2.000%, 01/26/2035		932		3,669
1.875%, 11/22/2022		715		1,023
1.250%, 11/22/2027		7,883		13,674

224

SEI Institutional Managed Trust / Annual Report / September 30, 2020



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

SOVEREIGN DEBT (continued)
1.250%, 11/22/2032	GBP	3,116	$	6,472
1.250%, 11/22/2055		459		1,643
1.125%, 11/22/2037		3,491		8,232
0.750%, 03/22/2034		4,181		8,535
0.750%, 11/22/2047		566		1,551
0.625%, 03/22/2040		4,076		9,348
0.625%, 11/22/2042		1,939		4,705
0.500%, 03/22/2050		689		1,877
0.375%, 03/22/2062		499		1,680
0.250%, 03/22/2052		3,039		8,178
0.125%, 03/22/2024		2,913		4,182
0.125%, 03/22/2026		6,608		10,117
0.125%, 08/10/2028		8,007		13,217
0.125%, 03/22/2029		9,015		15,120
0.125%, 03/22/2044		2,306		5,228
0.125%, 08/10/2048		1,606		3,938
0.125%, 03/22/2058		3,334		9,773
0.125%, 11/22/2065		1,130		3,895
0.125%, 03/22/2068		6,608		12,620


Total Sovereign Debt (Cost $398,987) ($ Thousands)				427,749


	Shares

FOREIGN COMMON STOCK — 2.4%

Australia — 0.1%
Afterpay *		650		37
AGL Energy Ltd		11,836		116
AMP Ltd *		26,830		25
Ampol		9,474		163
APA Group		22,955		170
ASX Ltd		1,383		80
Aurizon Holdings Ltd		21,309		65
AusNet Services		121,425		164
Brambles Ltd		4,589		35
CIMIC Group Ltd *		2,946		39
Coca-Cola Amatil Ltd		13,155		90
Cochlear Ltd *		834		118
Computershare Ltd		8,847		78
Crown Resorts Ltd		10,576		67
CSL Ltd		423		87
Lendlease Group ^‡		3,959		31
Northern Star Resources Ltd		10,849		106
Oil Search Ltd		49,537		94
Orica Ltd		4,582		51
Origin Energy Ltd		26,344		81
REA Group Ltd		1,355		107
Santos Ltd		27,255		95
SEEK Ltd		3,243		49
Sonic Healthcare Ltd		4,379		104
Tabcorp Holdings Ltd		30,312		72
Telstra Corp Ltd, Cl B		53,641		107



Description	Shares		Market Value ($ Thousands)

FOREIGN COMMON STOCK (continued)
TPG Telecom *		15,717	$	82
Treasury Wine Estates Ltd		13,519		87
Washington H Soul Pattinson & Co Ltd		3,573		60
Wesfarmers Ltd		1,419		45
WiseTech Global		2,479		46
Woodside Petroleum Ltd		8,953		113
Woolworths Group Ltd		6,248		163


				2,827


Austria — 0.0%
ANDRITZ AG		2,262		70
Erste Group Bank AG		2,047		43
OMV AG		2,664		73
Verbund AG ^‡		1,734		95


				281


Belgium — 0.0%
Ageas		1,537		63
Anheuser-Busch InBev SA/NV		1,683		91
Argenx *		261		69
Elia System Operator SA/NV		5,314		531
Groupe Bruxelles Lambert SA		357		32
KBC Group NV *		1,140		57
Proximus SADP		11,315		207
UCB SA, Cl A		560		64


				1,114


Canada — 0.3%
Agnico Eagle Mines Ltd		1,001		80
Air Canada, Cl A *		2,842		33
Algonquin Power & Utilities Corp		24,181		350
Alimentation Couche-Tard Inc, Cl B		1,594		55
AltaGas Ltd		5,402		65
Atco Ltd/Canada, Cl I		4,301		124
Bank of Nova Scotia/The, Cl C		1,590		66
Barrick Gold Corp		3,018		85
Bausch Health Cos Inc *		2,723		42
BCE Inc		6,461		267
BlackBerry Ltd *		8,664		40
Cameco Corp		9,190		92
Canadian Natural Resources Ltd		5,401		86
Canadian Pacific Railway Ltd		271		82
Canadian Tire Corp Ltd, Cl A		758		76
Canadian Utilities Ltd, Cl A		7,703		183
Canopy Growth Corp *		3,820		55
CCL Industries Inc, Cl B		1,598		61
Cenovus Energy Inc *		18,090		70
CGI Inc, Cl A *		2,350		159
CI Financial Corp		3,354		42
Constellation Software Inc/Canada		118		131
Dollarama Inc		1,227		47
Emera Inc		7,106		291

SEI Institutional Managed Trust / Annual Report / September 30, 2020

225

CONSOLIDATED SCHEDULE OF INVESTMENTS

September 30, 2020

Multi-Asset Accumulation Fund (Continued)



Description	Shares		Market Value ($ Thousands)

FOREIGN COMMON STOCK (continued)
Empire Co Ltd, Cl A		4,445	$	129
Enbridge Inc		7,000		204
First Capital Real Estate Investment Trust ^‡		4,150		40
First Quantum Minerals Ltd (Canada)		2,143		19
Fortis Inc/Canada		10,888		444
Franco-Nevada Corp		892		124
George Weston Ltd		737		54
Gildan Activewear Inc *		2,328		46
Hydro One Ltd		14,737		311
iA Financial Corp Inc		540		19
Imperial Oil Ltd		4,941		59
Inter Pipeline Ltd		9,895		97
Keyera		5,373		81
Loblaw Cos Ltd		7,305		381
Magna International Inc, Cl A		1,415		65
Metro Inc/CN, Cl A		10,610		507
Nutrien Ltd		1,762		69
Onex Corp		820		37
Open Text Corp		2,952		124
Parkland		2,087		55
Pembina Pipeline		5,921		125
Restaurant Brands International Inc		1,026		59
Rogers Communications Inc, Cl B		4,285		169
Royal Bank of Canada		1,066		75
Saputo Inc		4,704		118
Shaw Communications Inc, Cl B		6,821		124
Shopify Inc, Cl A *		63		64
Suncor Energy Inc		9,252		113
TC Energy Corp		4,998		209
TELUS Corp		8,437		148
Thomson Reuters		1,656		132
Toronto-Dominion Bank/The		1,857		86
Wheaton Precious Metals Corp		1,963		96
WSP Global Inc		1,000		65


				7,030


China — 0.0%
BeiGene Ltd ADR *		209		60
Sands China Ltd *		18,800		72


				132


Denmark — 0.1%
Ambu A/S, Cl B		4,155		118
Carlsberg A/S, Cl B		1,158		156
Chr Hansen Holding A/S		903		100
Coloplast A/S, Cl B		1,334		211
Danske Bank A/S *		4,552		62
Demant A/S *		2,181		68
DSV A/S		468		77
Genmab A/S *		197		71
GN Store Nord A/S		902		68
H Lundbeck A/S, Cl H		1,897		63



Description	Shares		Market Value ($ Thousands)

FOREIGN COMMON STOCK (continued)
Novo Nordisk A/S, Cl B		1,755	$	121
Novozymes A/S, Cl B		1,510		95
Orsted A/S		1,715		236
Pandora A/S *		660		48
Tryg A/S		3,506		111


				1,605


Finland — 0.0%
Elisa Oyj		5,330		314
Fortum Oyj		5,767		117
Neste Oyj		3,978		210
Nokia Oyj *		27,055		106
Orion Oyj, Cl B		2,179		99
UPM-Kymmene Oyj, Cl V		655		20


				866


France — 0.1%
Aeroports de Paris, Cl A *		373		37
Air Liquide SA		839		133
Arkema SA		736		78
Atos SE *		672		54
BioMerieux		1,096		172
Bouygues SA		892		31
Capgemini SE		433		56
Carrefour SA		6,251		100
Covivio ^‡		434		31
Dassault Systemes SE		328		61
Edenred		1,268		57
Electricite de France SA *		13,867		147
Engie SA *		8,602		115
Eurofins Scientific SE *		99		78
Getlink SE *		4,624		63
Iliad SA		643		118
Ingenico Group SA *		617		96
Ipsen SA		596		63
Kering		119		79
Legrand SA		1,748		140
L’Oreal SA		607		198
LVMH Moet Hennessy Louis Vuitton SE		84		39
Natixis SA *		14,680		33
Orange SA		24,112		251
Orpea *		727		83
Pernod Ricard SA		816		130
Publicis Groupe SA		2,651		86
Remy Cointreau SA		674		123
Renault SA *		1,250		32
Sanofi		904		90
SCOR SE *		1,457		40
Sodexo SA		1,245		89
STMicroelectronics NV		1,562		48
Suez		7,348		136
Thales SA, Cl A		440		33

226

SEI Institutional Managed Trust / Annual Report / September 30, 2020



Description	Shares		Market Value ($ Thousands)

FOREIGN COMMON STOCK (continued)
TOTAL SA		5,193	$	178
Ubisoft Entertainment SA *		1,282		116
Valeo SA		1,851		57
Veolia Environnement SA		6,091		132
Vinci SA		822		69
Vivendi SA		5,328		149
Wendel SA		480		44
Worldline SA/France *		545		45


				3,910


Germany — 0.1%
adidas AG *		308		100
Allianz SE		347		67
Beiersdorf AG		1,765		201
Brenntag AG		527		34
Carl Zeiss Meditec AG		652		82
Commerzbank AG *		5,684		28
Continental AG		286		31
Covestro AG		1,507		75
Deutsche Boerse AG		198		35
Deutsche Telekom AG		6,455		108
Deutsche Wohnen SE ^‡		1,750		88
E.ON SE		13,577		150
Fraport AG Frankfurt Airport Services Worldwide *		1,521		60
GEA Group AG		1,568		55
Hannover Rueck SE		313		49
HeidelbergCement AG		879		54
Henkel AG & Co KGaA		1,543		145
Infineon Technologies AG		1,964		56
Merck KGaA		757		110
Muenchener Rueckversicherungs- Gesellschaft AG in Muenchen		274		70
QIAGEN NV *		1,454		75
RWE AG		3,275		123
Siemens Healthineers AG		1,417		64
Symrise AG, Cl A		1,058		146
TeamViewer *		1,526		75
Telefonica Deutschland Holding AG		34,091		87
thyssenkrupp AG *		3,604		18
Uniper SE		3,925		127
United Internet AG		1,752		67
Volkswagen AG		147		26
Zalando SE *		783		73


				2,479


Hong Kong — 0.1%
AIA Group Ltd		6,600		65
ASM Pacific Technology Ltd		10,328		105
Budweiser Brewing APAC		35,200		102
CK Asset Holdings Ltd ^‡		5,708		28
CK Hutchison Holdings Ltd		31,208		188



Description	Shares		Market Value ($ Thousands)

FOREIGN COMMON STOCK (continued)
CK Infrastructure Holdings Ltd		22,000	$	103
CLP Holdings Ltd, Cl B		35,338		328
Galaxy Entertainment Group Ltd *		10,000		67
HKT Trust & HKT Ltd		178,010		236
Hong Kong & China Gas Co Ltd		137,714		197
Kerry Properties Ltd ^‡		13,000		33
Melco Resorts & Entertainment Ltd ADR *		3,036		50
Microport Scientific		55,000		218
PCCW Ltd		118,649		71
Power Assets Holdings Ltd		44,474		233
SJM Holdings Ltd		33,000		39
Swire Properties Ltd ^‡		18,400		48
Techtronic Industries Co Ltd		6,501		85
WH Group Ltd		111,000		90
Wynn Macau Ltd *		27,600		44


				2,330


Ireland — 0.0%
CRH PLC		355		13
Flutter Entertainment PLC *		353		56
James Hardie Industries PLC *		2,747		65
Kerry Group PLC, Cl A		1,065		137


				271


Israel — 0.0%
Azrieli Group Ltd ^‡		1,204		54
Bank Leumi Le-Israel BM		11,928		53
Elbit Systems Ltd		527		64
Nice Ltd *		238		54
Teva Pharmaceutical Industries Ltd ADR *		5,833		52


				277


Italy — 0.1%
Assicurazioni Generali SpA		5,334		75
Atlantia SpA *		3,095		49
Enel SpA		16,820		146
Eni SpA		20,887		164
Ferrari NV		156		29
Fiat Chrysler Automobiles NV *		4,810		59
Infrastrutture Wireless Italiane		16,564		183
Intesa Sanpaolo SpA *		31,593		59
Moncler SpA *		390		16
Nexi *		4,854		98
Poste Italiane SpA		8,102		72
Recordati SpA		3,108		159
Snam SpA		40,649		209
Telecom Italia SpA/Milano		199,973		80
Tenaris SA		20,864		104
Terna Rete Elettrica Nazionale SpA		30,067		211


				1,713

SEI Institutional Managed Trust / Annual Report / September 30, 2020

227

CONSOLIDATED SCHEDULE OF INVESTMENTS

September 30, 2020

Multi-Asset Accumulation Fund (Continued)



Description	Shares		Market Value ($ Thousands)

FOREIGN COMMON STOCK (continued)

Japan — 0.9%
Advantest Corp		1,200	$	58
Aeon Co Ltd, Cl H		8,600		230
Air Water Inc		4,800		65
Aisin Seiki Co Ltd *		1,500		48
Ajinomoto Co Inc		30,600		626
Alfresa Holdings Corp		3,200		70
ANA Holdings Inc *		5,500		127
Aozora Bank Ltd		3,100		51
Asahi Group Holdings Ltd		2,900		100
Asahi Intecc Co Ltd		3,700		116
Asahi Kasei Corp *		9,000		78
Astellas Pharma Inc		4,700		70
Bandai Namco Holdings Inc		800		58
Bank of Kyoto Ltd/The		300		14
Calbee Inc		1,700		56
Canon Inc		1,900		31
Casio Computer		4,900		79
Central Japan Railway Co *		400		57
Chiba Bank Ltd/The, Cl B		2,600		14
Chubu Electric Power Co Inc		34,100		414
Chugai Pharmaceutical Co Ltd		2,700		121
Chugoku Electric Power Co Inc/The		48,500		606
Coca-Cola Bottlers Japan Inc		8,200		137
Concordia Financial Group Ltd		18,000		62
CyberAgent Inc		3,200		196
Daicel Corp		5,700		41
Dai-ichi Life Holdings		5,400		76
Daiichi Sankyo Co Ltd		3,300		101
Daito Trust Construction Co Ltd		900		79
Daiwa House Industry Co Ltd ^‡		2,400		61
Daiwa House Investment Corp ^‡		42		107
Dentsu Group Inc		3,500		103
Disco		500		120
Eisai Co Ltd		1,000		91
Electric Power Development Co Ltd		13,400		206
FUJIFILM Holdings Corp		3,100		152
GLP J-Reit ^‡		44		68
GMO Payment Gateway Inc		600		64
Hakuhodo DY Holdings Inc		3,400		44
Hamamatsu Photonics		1,500		75
Hankyu Hanshin Holdings Inc		3,600		115
Hino Motors Ltd *		8,200		53
Hirose Electric Co Ltd		882		113
Hisamitsu Pharmaceutical		1,100		56
Hitachi Metals Ltd *		3,300		51
Hoya Corp		800		90
Idemitsu Kosan Co Ltd		9,598		204
Iida Group Holdings		5,600		113
Inpex Corp		19,800		106
Isetan Mitsukoshi Holdings		18,800		99
IT Holdings		4,800		101



Description	Shares		Market Value ($ Thousands)

FOREIGN COMMON STOCK (continued)
Ito En		2,900	$	206
Itochu Techno-Solutions Corp		2,000		76
Japan Post Bank Co Ltd *		7,900		61
Japan Prime Realty Investment Corp, Cl A ^‡		31		96
Japan Real Estate Investment Corp ^‡		57		291
Japan Retail Fund Investment Corp, Cl A ^‡		32		49
Japan Tobacco Inc		6,700		122
JFE Holdings *		14,700		102
JSR Corp		3,200		75
JXTG Holdings Inc		49,100		174
Kakaku.com Inc		4,300		113
Kamigumi Co Ltd		4,000		78
Kansai Electric Power Co Inc/The		53,200		514
Kansai Paint Co Ltd		3,000		74
Kao Corp		1,800		135
Kawasaki Heavy Industries Ltd *		3,200		43
KDDI Corp		8,800		221
Keikyu Corp *		4,000		61
Keio Corp *		1,600		99
Keyence		200		93
Kikkoman Corp *		900		50
Kirin Holdings Co Ltd		6,000		112
Kobe Bussan		2,100		115
Komatsu Ltd		7,000		153
Konami Holdings Corp		3,000		129
Kose *		900		110
Kubota		900		16
Kyocera Corp		1,500		85
Kyowa Hakko Kirin Co Ltd		5,200		147
Kyushu Electric Power Co Inc		29,500		268
Lasertec Corp		700		57
Lawson Inc		5,900		281
LINE Corp *		1,700		86
LIXIL Group Corp		3,000		60
M3 Inc *		1,500		92
Marubeni Corp		14,900		84
Marui Group		6,700		128
Maruichi Steel Tube Ltd		3,200		80
McDonald’s Holdings Co Japan Ltd		1,723		84
Mebuki Financial Group Inc		32,230		73
Medipal Holdings Corp		6,800		136
MEIJI Holdings Co Ltd		2,000		152
Mercari *		1,200		55
Mitsubishi Materials Corp		2,200		43
Mitsui Chemicals Inc		1,800		43
Mitsui Fudosan Co Ltd ^‡		2,500		43
Murata Manufacturing Co Ltd		1,500		96
Nabtesco Corp		1,500		54
Nagoya Railroad Co Ltd *		2,200		60
NEC Corp		3,300		192
Nexon Co Ltd		5,800		144
NGK Spark Plug Co Ltd		800		14

228

SEI Institutional Managed Trust / Annual Report / September 30, 2020



Description	Shares		Market Value ($ Thousands)

FOREIGN COMMON STOCK (continued)
NH Foods Ltd		3,800	$	169
Nikon		4,800		32
Nintendo Co Ltd		164		93
Nippon Building Fund Inc ^‡		92		520
Nippon Paint Holdings		800		82
Nippon Prologis Inc ^‡		40		135
Nippon Shinyaku		1,100		90
Nippon Telegraph & Telephone Corp		11,200		228
Nissan Chemical		1,600		85
Nisshin Seifun Group Inc		15,415		243
Nissin Foods Holdings Co Ltd		2,000		188
Nitori Holdings		400		83
Nomura Holdings		3,700		17
Nomura Real Estate Master Fund ^‡		44		55
Nomura Research Institute Ltd		2,934		86
NTT Data Corp		10,000		127
NTT DOCOMO Inc		19,300		710
Obic Co Ltd		300		52
Odakyu Electric Railway Co Ltd *		3,300		83
Oji Holdings Corp		16,000		73
Olympus *		6,000		124
Ono Pharmaceutical Co Ltd		3,800		119
Oracle Corp Japan *		1,200		129
Oriental Land *		300		42
Orix JREIT Inc ^‡		51		78
Osaka Gas Co Ltd		22,700		441
Otsuka Corp		1,300		66
Otsuka Holdings Co Ltd		2,600		110
Pan Pacific International Holdings Corp		10,600		246
PeptiDream Inc *		1,665		78
Pigeon		2,400		107
Pola Orbis Holdings Inc		3,200		60
Rakuten Inc *		8,100		87
Ricoh Co Ltd		5,000		34
Ryohin Keikaku Co Ltd		4,000		66
Santen Pharmaceutical Co Ltd		6,200		126
SCSK		1,200		67
Sega Sammy Holdings Inc *		2,900		35
Seibu Holdings Inc *		8,600		92
Seven & i Holdings Co Ltd		5,800		179
Shimadzu Corp		2,800		85
Shimamura Co Ltd		700		68
Shimano		300		59
Shimizu Corp		8,200		61
Shiseido Co Ltd		2,300		132
Shizuoka Bank Ltd/The		12,000		83
Showa Denko *		2,300		42
SoftBank Group Corp *		1,300		80
Sohgo Security Services		1,300		62
Sompo Holdings		2,100		72
Sony		1,200		91
Square Enix Holdings Co Ltd *		1,700		112



Description	Shares		Market Value ($ Thousands)

FOREIGN COMMON STOCK (continued)
Subaru Corp		4,000	$	77
SUMCO Corp		3,800		53
Sumitomo Corp		6,500		78
Sumitomo Dainippon Pharma Co Ltd		7,800		102
Sumitomo Metal Mining		1,000		31
Sumitomo Rubber Industries Ltd		6,900		64
Suntory Beverage & Food Ltd		4,700		176
Suzuken Co Ltd/Aichi Japan		2,600		99
Sysmex Corp		1,400		133
T&D Holdings		7,300		71
Taisei Corp		2,300		77
Taisho Pharmaceutical Holdings Co Ltd		1,000		66
Taiyo Nippon Sanso Corp		3,300		51
Takeda Pharmaceutical Co Ltd		4,318		153
TDK Corp		700		76
Teijin Ltd *		4,800		74
Terumo Corp		4,300		170
Toho Co Ltd/Tokyo		3,600		148
Toho Gas Co Ltd		9,312		461
Tohoku Electric Power Co Inc *		32,700		327
Tokio Marine Holdings Inc		2,300		100
Tokyo Electric Power Co Holdings Inc *		108,600		297
Tokyo Electron		200		52
Tokyo Gas Co Ltd		26,800		611
Tokyu Corp		2,200		28
Toray Industries Inc		10,000		45
Tosoh Corp		5,500		89
TOTO Ltd *		1,000		46
Toyo Suisan Kaisha Ltd		5,600		295
Toyota Industries Corp		1,900		119
Toyota Motor Corp		1,700		112
Trend Micro Inc/Japan *		1,300		79
Unicharm Corp		3,100		138
United Urban Investment Corp ^‡		66		73
Yakult Honsha Co Ltd		2,400		133
Yamada Denki Co Ltd		12,900		64
Yamaha		1,600		76
Yamazaki Baking Co Ltd		23,200		404
Yokogawa Electric		2,300		36
Z Holdings Corp *		17,700		117


				23,683


Netherlands — 0.1%
ABN AMRO Bank NV		4,803		40
Aegon NV		17,146		45
Akzo Nobel NV		447		45
Altice *		14,794		71
ArcelorMittal SA *		4,527		60
ASML Holding NV		100		37
Galapagos *		498		71
Koninklijke Ahold Delhaize NV		3,412		101
Koninklijke DSM NV		490		81

SEI Institutional Managed Trust / Annual Report / September 30, 2020

229

CONSOLIDATED SCHEDULE OF INVESTMENTS

September 30, 2020

Multi-Asset Accumulation Fund (Continued)



Description	Shares		Market Value ($ Thousands)

FOREIGN COMMON STOCK (continued)
Koninklijke KPN NV		54,612	$	128
Koninklijke Philips NV *		2,715		128
Koninklijke Vopak NV		3,206		181
Prosus NV *		898		83
Unilever NV		3,228		195
Wolters Kluwer NV		2,040		174


				1,440


New Zealand — 0.0%
a2 Milk Co Ltd *		5,550		56
Auckland International Airport Ltd *		16,947		82
Fisher & Paykel Healthcare Corp Ltd		8,997		198
Mercury NZ Ltd		15,400		52
Spark New Zealand Ltd		35,401		110


				498


Norway — 0.0%
Adevinta, Cl B *		4,613		79
Equinor ASA		8,101		115
Gjensidige Forsikring ASA		663		13
Norsk Hydro ASA *		31,213		86
Telenet Group Holding NV		1,946		76
Telenor ASA		9,091		152
Yara International ASA		3,013		116

				637


Portugal — 0.0%
Banco Espirito Santo SA *		50,830		—
EDP - Energias de Portugal SA		39,452		194
Galp Energia SGPS SA		16,599		154
Jeronimo Martins SGPS SA		3,401		55


				403


Singapore — 0.0%
CapitaLand Commercial Trust ^‡		53,667		64
CapitaLand Ltd ^‡		53,100		105
CapitaLand Mall Trust ^‡		35,100		50
City Developments Ltd		7,600		42
Dairy Farm International Holdings Ltd		21,800		82
Genting Singapore Ltd		158,200		78
Jardine Cycle & Carriage Ltd		2,500		33
Jardine Matheson Holdings Ltd		2,464		98
Jardine Strategic Holdings Ltd		2,900		57
Oversea-Chinese Banking Corp Ltd		2,700		17
Singapore Airlines Ltd		31,000		79
Singapore Technologies Engineering Ltd		25,400		64
Singapore Telecommunications Ltd		26,400		41
Venture Corp Ltd		4,500		63
Wilmar International Ltd		44,800		144


				1,017



Description	Shares		Market Value ($ Thousands)

FOREIGN COMMON STOCK (continued)

Spain — 0.1%
Aena SME SA *		513	$	72
Amadeus IT Group SA, Cl A		1,698		95
Banco Bilbao Vizcaya Argentaria SA *		10,923		30
Bankinter SA		7,228		31
Cellnex Telecom SA *		1,977		121
Enagas SA		5,776		133
Endesa SA		5,109		137
Ferrovial SA		1,532		37
Grifols SA		5,142		148
Iberdrola SA		16,187		199
Industria de Diseno Textil SA		4,514		126
Naturgy Energy Group SA		7,490		150
Red Electrica Corp SA		14,885		280
Repsol SA, Cl A		18,938		127
Siemens Gamesa Renewable Energy SA		1,571		43
Telefonica SA		20,849		72


				1,801


Sweden — 0.1%
Atlas Copco AB, Cl A		345		17
Boliden AB		2,335		70
Electrolux AB		3,309		77
Epiroc AB, Cl A		2,231		32
Epiroc AB, Cl B		1,891		26
Essity AB, Cl B		1,340		45
Hennes & Mauritz AB, Cl B *		4,433		77
ICA Gruppen AB		3,041		155
Industrivarden AB, Cl C *		4,865		130
Kinnevik *		1,565		64
Lundin Petroleum AB		5,244		105
Nordea Bank Abp		6,982		53
Skandinaviska Enskilda Banken AB, Cl A *		7,936		71
Svenska Cellulosa AB SCA, Cl B *		4,559		63
Svenska Handelsbanken AB, Cl A *		7,194		61
Swedbank AB, Cl A *		4,910		77
Swedish Match AB		1,119		92
Tele2 AB, Cl B		8,542		121
Telefonaktiebolaget LM Ericsson, Cl B		10,512		115
Telia Co AB		21,669		89


				1,540


Switzerland — 0.1%
Adecco Group AG		1,187		63
Baloise Holding AG		496		73
Barry Callebaut AG		104		232
Cie Financiere Richemont SA, Cl A		1,317		88
Geberit AG		215		128
Givaudan SA		26		112
LafargeHolcim Ltd		1,540		70
Lonza Group AG		76		47
Nestle SA		1,850		220

230

SEI Institutional Managed Trust / Annual Report / September 30, 2020



Description	Shares		Market Value ($ Thousands)

FOREIGN COMMON STOCK (continued)
Partners Group Holding AG		76	$	70
Roche Holding AG		290		99
Schindler Holding AG		179		49
SGS SA, Cl B		41		110
Sonova Holding AG *		307		78
Straumann Holding AG		58		59
Swatch Group AG/The, Cl B		358		84
Swiss Life Holding AG		180		68
Swiss Prime Site AG ^‡		588		54
Swisscom AG		788		419
Temenos AG		552		75
UBS Group AG		5,937		67
Vifor Pharma AG		505		69
Zurich Insurance Group AG		87		30


				2,364


United Kingdom — 0.2%
Admiral Group PLC		1,718		58
Anglo American PLC		1,722		42
Antofagasta PLC		4,517		60
Associated British Foods PLC		2,191		53
AstraZeneca PLC		1,317		144
Auto Trader Group PLC		9,697		71
AVEVA Group		1,393		86
Barratt Developments PLC *		2,222		14
BHP Group		3,324		71
BP PLC		59,666		174
British American Tobacco PLC		1,681		60
BT Group PLC, Cl A		64,702		82
Bunzl PLC		3,000		97
Burberry Group PLC		2,826		57
Coca-Cola HBC AG *		3,429		85
Compass Group PLC *		4,901		74
DCC PLC		1,122		87
Diageo PLC		2,888		99
Experian PLC		2,610		99
GlaxoSmithKline PLC		6,114		115
Glencore PLC *		14,514		30
Halma PLC		5,482		166
Hikma Pharmaceuticals PLC		4,056		136
HSBC Holdings PLC *		22,379		87
Imperial Brands PLC		3,182		56
Informa PLC *		13,266		65
InterContinental Hotels Group PLC *		1,158		61
J Sainsbury PLC		33,428		82
Johnson Matthey PLC		1,866		57
National Grid PLC		15,406		177
NMC Health PLC		12,179		1
Ocado Group PLC *		1,150		41
Pearson PLC		29,630		210
Persimmon PLC		1,353		43
Reckitt Benckiser Group PLC		154		15



Description	Shares		Market Value ($ Thousands)

FOREIGN COMMON STOCK (continued)
RELX PLC		3,034	$	68
Rio Tinto PLC		815		49
Rolls-Royce Holdings PLC *		7,169		12
Royal Dutch Shell PLC, Cl A		4,518		56
Royal Dutch Shell PLC, Cl B		10,245		124
RSA Insurance Group PLC		10,726		63
Sage Group PLC/The		12,410		116
Severn Trent PLC		2,894		91
Smith & Nephew PLC		7,784		153
Smiths Group PLC		3,056		54
Smurfit Kappa Group PLC		1,116		44
Spirax-Sarco Engineering		249		36
SSE PLC		11,068		173
Tesco PLC		21,694		60
Unilever PLC		292		18
United Utilities Group PLC, Cl B		14,303		158
Vodafone Group PLC		80,329		107
Whitbread PLC *		1,095		30
Wm Morrison Supermarkets PLC		34,659		76
WPP PLC		8,141		64


				4,407


Total Foreign Common Stock (Cost $58,954) ($ Thousands)				62,625


	Face Amount (Thousands)

CORPORATE OBLIGATIONS — 2.3%

Communication Services — 0.0%
Alphabet Inc
3.625%, 05/19/2021 (A)	$	150		153


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		541
Toyota Motor Credit MTN
3.200%, 01/11/2027 (A)		750		842
2.625%, 01/10/2023 (A)		375		393
University of Southern California
5.250%, 10/01/2111 (A)		100		161

				2,194


Consumer Staples — 0.1%
Coca-Cola
3.200%, 11/01/2023 (A)		500		544
Colgate-Palmolive MTN
2.300%, 05/03/2022 (A)		250		258
2.250%, 11/15/2022 (A)		1,250		1,301

SEI Institutional Managed Trust / Annual Report / September 30, 2020

231

CONSOLIDATED SCHEDULE OF INVESTMENTS

September 30, 2020

Multi-Asset Accumulation Fund (Continued)



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

CORPORATE OBLIGATIONS (continued)
Procter & Gamble Co/The
2.150%, 08/11/2022 (A)	$	250	$	259
1.850%, 02/02/2021 (A)		250		251

				2,613


Energy — 0.1%
Chevron Corp
2.954%, 05/16/2026 (A)		1,000		1,114
Equinor ASA
2.450%, 01/17/2023 (A)		1,250		1,306
Nexen Inc
5.875%, 03/10/2035 (A)		100		143
Shell International Finance BV
3.250%, 05/11/2025 (A)		250		276
XTO Energy Inc
6.750%, 08/01/2037 (A)		300		435

				3,274


Financials — 1.5%
Asian Development Bank
2.625%, 01/30/2024 (A)		375		404
Asian Infrastructure Investment Bank
2.250%, 05/16/2024 (A)		375		401
Bank of Montreal MTN
2.550%, 11/06/2022 (A)		250		261
1.900%, 08/27/2021 (A)		750		761
Bank of New York Mellon
3.550%, 09/23/2021 (A)		200		206
Bank of Nova Scotia
4.375%, 01/13/2021 (A)		250		253
2.700%, 03/07/2022 (A)		500		517
Berkshire Hathaway Inc
3.400%, 01/31/2022 (A)		150		156
2.750%, 03/15/2023 (A)		1,000		1,054
BlackRock Inc
3.375%, 06/01/2022 (A)		500		525
Canadian Imperial Bank of Commerce
2.550%, 06/16/2022 (A)		500		519
CME Group
3.000%, 09/15/2022 (A)		100		105
3.000%, 03/15/2025 (A)		1,000		1,095
Commonwealth Bank of Australia NY
2.550%, 03/15/2021 (A)		1,750		1,768
European Investment Bank
2.500%, 03/15/2023 (A)		375		395
2.375%, 05/24/2027 (A)		250		279
European Investment Bank MTN
3.125%, 12/14/2023 (A)		250		273
FMS Wertmanagement
2.000%, 08/01/2022 (A)		875		903
Inter-American Development Bank
3.125%, 09/18/2028 (A)		375		444



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

CORPORATE OBLIGATIONS (continued)
2.625%, 01/16/2024 (A)	$	375	$	404
2.500%, 01/18/2023 (A)		750		788
2.000%, 07/23/2026 (A)		375		406
International Bank for Reconstruction & Development
7.625%, 01/19/2023 (A)		750		876
3.000%, 09/27/2023 (A)		750		811
2.500%, 07/29/2025 (A)		375		412
2.125%, 07/01/2022 (A)		375		388
1.500%, 08/28/2024 (A)		375		392
International Bank for Reconstruction & Development MTN
2.500%, 11/22/2027 (A)		750		847
1.875%, 10/27/2026 (A)		375		405
International Finance MTN
2.875%, 07/31/2023 (A)		375		402
2.000%, 10/24/2022 (A)		750		778
Kreditanstalt fuer Wiederaufbau
2.875%, 04/03/2028 (A)		375		437
2.625%, 02/28/2024 (A)		1,000		1,079
2.500%, 11/20/2024 (A)		1,000		1,089
2.375%, 08/25/2021 (A)		1,000		1,019
2.125%, 03/07/2022 (A)		500		514
2.125%, 06/15/2022 (A)		500		516
2.125%, 01/17/2023 (A)		1,250		1,303
2.000%, 09/29/2022 (A)		750		777
1.875%, 11/30/2020 (A)		1,000		1,003
Landwirtschaftliche Rentenbank
2.500%, 11/15/2027 (A)		125		141
2.375%, 06/10/2025 (A)		625		681
2.250%, 10/01/2021 (A)		1,000		1,020
2.000%, 01/13/2025 (A)		250		267
Landwirtschaftliche Rentenbank MTN
1.750%, 07/27/2026 (A)		1,125		1,203
National Australia Bank Ltd
3.000%, 01/20/2023 (A)		200		212
1.875%, 07/12/2021 (A)		750		759
Oesterreichische Kontrollbank
3.125%, 11/07/2023 (A)		250		271
2.625%, 01/31/2022 (A)		250		258
1.625%, 09/17/2022 (A)		250		257
Oesterreichische Kontrollbank AG
1.875%, 01/20/2021 (A)		750		754
Oesterreichische Kontrollbank AG MTN
2.875%, 03/13/2023 (A)		500		531
Svensk Exportkredit MTN
3.125%, 11/08/2021 (A)		375		387
2.875%, 05/22/2021 (A)		250		254
2.375%, 03/09/2022 (A)		125		129
2.000%, 08/30/2022 (A)		250		258
1.625%, 09/12/2021 (A)		250		253
1.625%, 11/14/2022 (A)		125		128

232

SEI Institutional Managed Trust / Annual Report / September 30, 2020



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

CORPORATE OBLIGATIONS (continued)
Svenska Handelsbanken AB MTN
2.450%, 03/30/2021 (A)	$	1,000	$	1,011
Toronto-Dominion Bank MTN
3.500%, 07/19/2023 (A)		250		271
3.250%, 06/11/2021 (A)		125		128
3.250%, 03/11/2024 (A)		125		135
2.125%, 04/07/2021 (A)		875		884
Wells Fargo Bank
3.625%, 10/22/2021 (A)		250		258
2.897%, VAR ICE LIBOR USD 3 Month+0.610%, 05/27/2022 (A)		500		508
2.600%, 01/15/2021 (A)		500		503
2.082%, VAR ICE LIBOR USD 3 Month+0.650%, 09/09/2022 (A)		500		507
Wells Fargo Bank NA
3.550%, 08/14/2023 (A)		750		812
Westpac Banking
2.600%, 11/23/2020 (A)		1,000		1,003
2.000%, 08/19/2021 (A)		750		762

				39,510


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		459
3.375%, 12/05/2023 (A)		500		549
2.450%, 03/01/2026 (A)		1,000		1,094
Novartis Capital
4.400%, 05/06/2044 (A)		250		336
Sanofi
4.000%, 03/29/2021 (A)		150		153

				2,591


Industrials — 0.1%
3M Co MTN
5.700%, 03/15/2037 (A)		150		217
GE Capital International Funding Unlimited Co
4.418%, 11/15/2035 (A)		750		792

				1,009


Information Technology — 0.2%
Apple
3.000%, 02/09/2024 (A)		375		404
2.850%, 02/23/2023 (A)		1,000		1,055
2.850%, 05/11/2024 (A)		250		270
2.500%, 02/09/2022 (A)		500		514



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

CORPORATE OBLIGATIONS (continued)
2.450%, 08/04/2026 (A)	$	375	$	409
2.400%, 05/03/2023 (A)		250		263
Microsoft
3.700%, 08/08/2046 (A)		500		628
3.300%, 02/06/2027 (A)		1,000		1,142
2.125%, 11/15/2022 (A)		500		520
Visa
4.150%, 12/14/2035 (A)		125		162
3.150%, 12/14/2025 (A)		500		560
2.800%, 12/14/2022 (A)		125		131
2.150%, 09/15/2022 (A)		125		129

				6,187


Utilities — 0.1%
Duke Energy Carolinas LLC
2.950%, 12/01/2026 (A)		1,000		1,117
Florida Power & Light Co
3.125%, 12/01/2025 (A)		1,000		1,114
Southern California Gas
5.125%, 11/15/2040 (A)		150		194
3.750%, 09/15/2042 (A)		250		284

				2,709


Total Corporate Obligations (Cost $58,208) ($ Thousands)				61,043


	Shares

COMMON STOCK — 1.8%

Communication Services — 0.2%
Activision Blizzard Inc		2,324		188
Alphabet Inc, Cl A *		115		169
AT&T Inc		11,538		329
CenturyLink Inc		27,586		278
Charter Communications Inc, Cl A *		355		222
Comcast Corp, Cl A		4,650		215
Discovery Inc, Cl A *		5,410		118
DISH Network Corp, Cl A *		4,240		123
Electronic Arts Inc *		1,763		230
Facebook Inc, Cl A *		839		220
Fox Corp		6,591		184
Interpublic Group of Cos Inc/The		10,256		171
Live Nation Entertainment Inc *		2,936		158
Netflix Inc *		350		175
News Corp, Cl B		14,692		205
Omnicom Group Inc		4,808		238
Quebecor Inc, Cl B		5,817		145
Scout24		893		78
Softbank Corp		7,400		83
Take-Two Interactive Software Inc, Cl A *		1,549		256
T-Mobile US Inc *		2,245		257
Twitter Inc *		3,987		177
Verizon Communications Inc		5,542		330

SEI Institutional Managed Trust / Annual Report / September 30, 2020

233

CONSOLIDATED SCHEDULE OF INVESTMENTS

September 30, 2020

Multi-Asset Accumulation Fund (Continued)



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
ViacomCBS Inc, Cl B		3,339	$	93
Walt Disney Co/The *		1,361		169


				4,811


Consumer Discretionary — 0.1%
Advance Auto Parts Inc		554		85
Amazon.com Inc, Cl A *		29		91
Aptiv PLC *		849		78
AutoZone Inc *		63		74
Berkeley Group Holdings PLC		1,325		72
Best Buy Co Inc		879		98
Booking Holdings Inc *		33		56
BorgWarner Inc		1,798		70
CarMax Inc *		607		56
Carnival Corp *		1,461		22
Chipotle Mexican Grill Inc, Cl A *		60		75
Darden Restaurants Inc		642		65
Dollar General Corp		398		83
Dollar Tree Inc *		704		64
Domino’s Pizza Inc		205		87
DR Horton Inc		1,517		115
eBay Inc		1,485		77
Etsy Inc *		432		53
Expedia Group Inc *		886		81
Ford Motor Co *		6,979		47
Gap Inc/The		3,214		55
General Motors Co *		1,328		39
Hanesbrands Inc		5,402		85
Hasbro Inc		959		79
Hilton Worldwide Holdings Inc *		1,035		88
Home Depot Inc/The		344		96
L Brands Inc *		1,658		53
Leggett & Platt Inc		1,806		74
Lennar Corp, Cl A		714		58
LKQ Corp *		2,394		66
Lowe’s Cos Inc		368		61
Marriott International Inc/MD, Cl A *		281		26
McDonald’s Corp		63		14
MGM Resorts International		631		14
Mohawk Industries Inc *		1,015		99
Newell Brands Inc, Cl B		3,837		66
NIKE Inc, Cl B		338		42
Norwegian Cruise Line Holdings Ltd *		706		12
O’Reilly Automotive Inc *		186		86
PVH Corp *		953		57
Ralph Lauren Corp, Cl A *		665		45
Ross Stores Inc *		854		80
Royal Caribbean Cruises Ltd *		239		16
Starbucks Corp		1,082		93
Tapestry Inc *		3,765		59
Target Corp, Cl A		521		82
Tiffany & Co		911		106
TJX Cos Inc/The *		1,474		82



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Tractor Supply Co		712	$	102
Ulta Beauty Inc *		141		32
Under Armour Inc, Cl A *		2,909		33
VF Corp		958		67
Whirlpool Corp		398		73
Wynn Resorts Ltd *		471		34
Yum! Brands Inc		758		69


				3,592


Consumer Staples — 0.3%
Altria Group Inc		3,345		129
Archer-Daniels-Midland Co		2,936		137
Brown-Forman Corp, Cl B		1,763		133
Campbell Soup Co		5,829		282
Church & Dwight Co Inc		2,077		195
Clorox Co/The		1,009		212
Coca-Cola Co/The		3,032		150
Coca-Cola European Partners PLC		3,342		130
Coles Group Ltd		5,570		68
Colgate-Palmolive Co		3,689		285
Conagra Brands Inc		4,939		176
Constellation Brands Inc, Cl A		1,139		216
Cosmos Pharmaceutical Corp		700		122
Costco Wholesale Corp		392		139
Estee Lauder Cos Inc/The, Cl A		852		186
General Mills Inc		4,631		286
Hershey Co/The		1,347		193
Hormel Foods Corp		5,667		277
J M Smucker Co/The		2,706		313
Kellogg Co		4,302		278
Kimberly-Clark Corp		1,838		271
Kobayashi Pharmaceutical		2,200		212
Kraft Heinz Co/The		4,956		148
Kroger Co/The		6,207		210
Lamb Weston Holdings Inc		2,378		158
Lion Corp		12,000		246
McCormick & Co Inc/MD		1,081		210
Molson Coors Beverage Co, Cl B *		3,119		105
Mondelez International Inc, Cl A		2,437		140
Monster Beverage Corp *		3,145		252
PepsiCo Inc		1,095		152
Philip Morris International Inc		2,561		192
Procter & Gamble Co/The		2,075		288
Sundrug Co Ltd		1,500		56
Sysco Corp, Cl A		2,767		172
Tsuruha Holdings Inc		900		127
Tyson Foods Inc, Cl A		2,695		160
Walgreens Boots Alliance Inc		4,466		160
Walmart Inc		1,137		159

234

SEI Institutional Managed Trust / Annual Report / September 30, 2020



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Welcia Holdings Co Ltd		4,000	$	175


				7,500


Energy — 0.1%
Apache Corp		4,445		42
Baker Hughes Co, Cl A		7,180		95
Cabot Oil & Gas Corp		7,595		132
Chevron Corp		2,703		195
Concho Resources Inc		3,017		133
ConocoPhillips		3,986		131
Devon Energy Corp		6,537		62
Diamondback Energy Inc, Cl A		2,773		84
EOG Resources Inc		2,132		77
Exxon Mobil Corp		6,272		215
Halliburton Co		6,578		79
Hess Corp		2,843		116
HollyFrontier Corp		5,757		113
Kinder Morgan Inc		8,358		103
Marathon Oil Corp		22,604		92
Marathon Petroleum Corp		1,848		54
National Oilwell Varco Inc, Cl A *		9,602		87
Noble Energy Inc		6,775		58
Occidental Petroleum Corp		8,649		87
ONEOK Inc		3,511		91
Phillips 66		1,631		85
Pioneer Natural Resources Co		950		82
Schlumberger NV, Cl A		6,517		101
TechnipFMC PLC		8,827		56
Valero Energy Corp		1,990		86
Williams Cos Inc/The		6,562		129


				2,585


Financials — 0.1%
Allstate Corp/The		963		91
American International Group Inc		273		8
Ameriprise Financial Inc		614		95
Aon PLC, Cl A		234		48
Assurant Inc		976		118
Bank of America Corp		1,088		26
Bank of New York Mellon Corp/The		1,593		55
BlackRock Inc		75		42
Capital One Financial Corp		1,140		82
Cboe Global Markets Inc		436		38
Charles Schwab Corp/The		1,358		49
Chubb Ltd		198		23
Cincinnati Financial Corp		315		25
Citizens Financial Group Inc		2,888		73
Comerica Inc		1,435		55
Discover Financial Services		1,159		67
E*TRADE Financial Corp		1,012		51
Fifth Third Bancorp		3,964		84
Franklin Resources Inc		2,773		56
Globe Life Inc		870		69



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Goldman Sachs Group Inc/The		156	$	31
Hartford Financial Services Group Inc/The		671		25
Huntington Bancshares Inc/OH		2,954		27
Intercontinental Exchange Inc		482		48
Invesco Ltd		6,593		75
Japan Post Holdings Co Ltd *		13,200		90
JPMorgan Chase & Co		293		28
KeyCorp		2,956		35
Lincoln National Corp		1,000		31
Loews Corp		1,583		55
M&T Bank Corp		598		55
MarketAxess Holdings Inc		80		39
Marsh & McLennan Cos Inc		634		73
MetLife Inc		351		13
Morgan Stanley		1,873		91
MSCI Inc, Cl A		231		82
Nasdaq Inc, Cl A		368		45
Northern Trust Corp		370		29
ORIX		6,600		82
People’s United Financial Inc		7,837		81
PNC Financial Services Group Inc/The		607		67
Principal Financial Group Inc, Cl A		1,498		60
Progressive Corp/The		445		42
Prudential Financial Inc		736		47
Raymond James Financial Inc		1,182		86
Regions Financial Corp		3,285		38
State Street Corp		770		46
SVB Financial Group, Cl B *		177		43
Synchrony Financial		3,561		93
T Rowe Price Group Inc		327		42
Travelers Cos Inc/The		101		11
Unum Group		254		4
US Bancorp		2,336		84
Wells Fargo & Co		1,955		46
Willis Towers Watson PLC		490		102


				3,001


Health Care — 0.2%
Abbott Laboratories		643		70
AbbVie Inc		968		85
ABIOMED Inc *		280		78
Agilent Technologies Inc		1,033		104
Alcon Inc *		1,519		86
Alexion Pharmaceuticals Inc *		503		58
Align Technology Inc *		164		54
AmerisourceBergen Corp, Cl A		593		57
Amgen Inc, Cl A		646		164
Anthem Inc		269		72
Baxter International Inc		1,597		128
Becton Dickinson and Co		325		76
Biogen Inc *		255		72
Bio-Rad Laboratories Inc, Cl A *		142		73
Boston Scientific Corp *		1,661		63

SEI Institutional Managed Trust / Annual Report / September 30, 2020

235

CONSOLIDATED SCHEDULE OF INVESTMENTS

September 30, 2020

Multi-Asset Accumulation Fund (Continued)



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Bristol-Myers Squibb Co		998	$	60
Cardinal Health Inc		1,236		58
Centene Corp *		959		56
Cerner Corp		1,104		80
Cooper Cos Inc/The, Cl A		227		77
CVS Health Corp		1,342		78
Danaher Corp, Cl A		606		131
DENTSPLY SIRONA Inc		1,707		75
DexCom Inc *		113		47
DiaSorin SpA		488		98
Edwards Lifesciences Corp, Cl A *		936		75
Eli Lilly and Co		431		64
Gilead Sciences Inc		1,887		119
HCA Healthcare Inc *		406		51
Henry Schein Inc *		950		56
Hologic Inc *		720		48
Humana Inc		183		76
IDEXX Laboratories Inc *		259		102
Illumina Inc *		236		73
Incyte Corp *		698		63
Intuitive Surgical Inc *		130		92
Johnson & Johnson		1,380		205
Laboratory Corp of America Holdings *		823		155
McKesson Corp		947		141
Medtronic PLC		1,787		186
Merck & Co Inc		1,137		94
Mettler-Toledo International Inc *		80		77
Mylan NV *		4,715		70
PerkinElmer Inc		728		91
Perrigo Co PLC		1,841		85
Pfizer Inc		1,970		72
Quest Diagnostics Inc		658		75
Regeneron Pharmaceuticals Inc *		100		56
ResMed Inc		368		63
Sartorius Stedim Biotech		240		83
Shionogi & Co Ltd		1,600		85
Stryker Corp		346		72
Thermo Fisher Scientific Inc		120		53
UnitedHealth Group Inc		200		62
Universal Health Services Inc, Cl B *		1,151		123
Varian Medical Systems Inc *		434		75
Vertex Pharmaceuticals Inc *		242		66
Waters Corp *		259		51
West Pharmaceutical Services Inc		276		76
Zimmer Biomet Holdings Inc		639		87
Zoetis Inc, Cl A		653		108


				5,130


Industrials — 0.1%
3M Co		198		32
A O Smith Corp		798		42
AerCap Holdings NV *		1,138		29
Alaska Air Group Inc *		511		19



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Allegion PLC		654	$	65
American Airlines Group Inc *		2,578		32
AMETEK Inc		926		92
Boeing Co/The *		89		15
Carrier Global Corp		1,410		43
CH Robinson Worldwide Inc		631		64
Cintas Corp		146		49
Copart Inc *		726		76
CSX Corp		987		77
Cummins Inc		289		61
Delta Air Lines Inc, Cl A *		1,741		53
Dover Corp		565		61
Eaton Corp PLC		402		41
Emerson Electric Co		986		65
Equifax Inc		349		55
Expeditors International of Washington Inc		870		79
Fastenal Co, Cl A		1,178		53
Flowserve Corp		1,578		43
Fortive Corp		1,754		134
Fortune Brands Home & Security Inc		492		42
General Dynamics Corp		849		117
General Electric Co		5,173		32
Honeywell International Inc		255		42
Howmet Aerospace Inc *		2,374		40
Huntington Ingalls Industries Inc, Cl A		189		27
IHS Markit Ltd		978		77
Illinois Tool Works Inc		606		117
Ingersoll Rand Inc *		1,458		52
ITOCHU Corp		3,700		94
Jacobs Engineering Group Inc		539		50
JB Hunt Transport Services Inc		390		49
Johnson Controls International plc		3,007		123
Kansas City Southern		477		86
Knorr-Bremse AG		372		44
L3Harris Technologies Inc		261		44
Lockheed Martin Corp		122		47
Masco Corp		1,288		71
Nielsen Holdings PLC		2,219		31
Norfolk Southern Corp		347		74
Northrop Grumman Corp		381		120
Otis Worldwide Corp		879		55
PACCAR Inc		370		31
Parker-Hannifin Corp, Cl A		549		111
Pentair PLC		1,382		63
Quanta Services Inc		797		42
Raytheon Technologies Corp		905		52
Robert Half International Inc		845		45
Rockwell Automation Inc		289		64
Rollins Inc		2,983		162
Snap-on Inc		986		145
Southwest Airlines Co, Cl A *		2,241		84
Textron Inc		2,415		87

236

SEI Institutional Managed Trust / Annual Report / September 30, 2020



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Trane Technologies PLC		641	$	78
TransDigm Group Inc *		128		61
United Airlines Holdings Inc *		267		9
United Parcel Service Inc, Cl B		363		60
United Rentals Inc *		229		40
Verisk Analytics Inc, Cl A		884		164
Waste Management Inc		830		94
Xylem Inc/NY		691		58


				4,164


Information Technology — 0.2%
Accenture PLC, Cl A		286		65
Adobe Inc *		91		45
Advanced Micro Devices Inc *		498		41
Adyen NV *		34		63
Akamai Technologies Inc *		831		92
Analog Devices Inc		376		44
Applied Materials Inc		1,274		76
Arista Networks Inc *		322		67
Autodesk Inc, Cl A *		232		54
Automatic Data Processing Inc		263		37
Broadcom Inc		192		70
Cadence Design Systems Inc *		1,227		131
Check Point Software Technologies Ltd *		1,215		146
Cisco Systems Inc		2,109		83
Citrix Systems Inc		202		28
Cognizant Technology Solutions Corp, Cl A		2,178		151
Corning Inc, Cl B		4,549		147
CyberArk Software Ltd *		688		71
DXC Technology Co *		2,069		37
F5 Networks Inc, Cl A *		250		31
Fidelity National Information Services Inc, Cl B		799		118
Fiserv Inc, Cl A *		491		51
FleetCor Technologies Inc *		390		93
FLIR Systems Inc		2,599		93
Fortinet Inc *		468		55
Fujitsu Ltd		400		54
Gartner Inc *		1,047		131
Global Payments Inc		249		44
Hewlett Packard Enterprise Co		8,829		83
HP Inc		2,363		45
Intel Corp		981		51
International Business Machines Corp		341		41
Intuit Inc		357		116
IPG Photonics Corp *		202		34
Jack Henry & Associates Inc		424		69
Juniper Networks Inc		1,507		32
Keysight Technologies Inc *		736		73
KLA Corp		528		102
Microchip Technology Inc		571		59
Micron Technology Inc *		831		39
Microsoft Corp		768		161



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Motorola Solutions Inc		235	$	37
NetApp Inc		725		32
NortonLifeLock Inc		3,109		65
Oracle Corp, Cl B		2,724		163
Paychex Inc		2,240		179
Paycom Software Inc *		198		62
Qorvo Inc *		680		88
QUALCOMM Inc		570		67
salesforce.com Inc *		252		63
Seagate Technology PLC		1,509		74
ServiceNow Inc *		159		77
Skyworks Solutions Inc		696		101
Synopsys Inc *		211		45
Texas Instruments Inc		282		40
Tyler Technologies Inc *		247		86
VeriSign Inc *		681		139
Western Digital Corp *		1,138		41
Western Union Co/The		1,980		42
Wix.com Ltd *		230		59
Xerox Holdings Corp		2,375		44
Xilinx Inc		746		78
Zebra Technologies Corp, Cl A *		113		28


				4,633


Materials — 0.1%
Air Products and Chemicals Inc		580		173
Albemarle Corp		1,355		121
Amcor PLC		12,350		136
Avery Dennison Corp		1,153		147
Ball Corp		1,307		109
Celanese Corp, Cl A		628		67
CF Industries Holdings Inc		3,811		117
Corteva Inc		6,222		179
Dow Inc		2,486		117
DuPont de Nemours Inc		1,728		96
Eastman Chemical Co		2,097		164
Ecolab Inc		731		146
Evolution Mining Ltd		21,114		87
FMC Corp		1,834		194
Freeport-McMoRan Inc, Cl B *		6,957		109
International Flavors & Fragrances Inc		945		116
International Paper Co		1,705		69
Kirkland Lake Gold Ltd		1,113		54
Linde PLC		660		157
LyondellBasell Industries NV, Cl A		1,153		81
Martin Marietta Materials Inc, Cl A		696		164
Mosaic Co/The		5,396		99
Newmont Corp		3,316		210
Nucor Corp		2,612		117
Packaging Corp of America		1,034		113
PPG Industries Inc		1,382		169
Sealed Air Corp		3,350		130
Sherwin-Williams Co/The, Cl A		276		192

SEI Institutional Managed Trust / Annual Report / September 30, 2020

237

CONSOLIDATED SCHEDULE OF INVESTMENTS

September 30, 2020

Multi-Asset Accumulation Fund (Continued)



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Vulcan Materials Co		1,039	$	141
Westrock Co		3,440		120


				3,894


Real Estate — 0.1%
Alexandria Real Estate Equities Inc ^‡		628		101
American Tower Corp, Cl A ^‡		353		85
Apartment Investment and Management Co, Cl A ^‡		1,489		50
Aroundtown SA *^‡		8,951		45
Boston Properties Inc ^‡		114		9
Crown Castle International Corp ^‡		437		73
Digital Realty Trust Inc, Cl A ^‡		526		77
Duke Realty Corp ^‡		2,124		78
Equinix Inc ^‡		66		50
Equity Residential ^‡		1,670		86
Essex Property Trust Inc ^‡		150		30
Extra Space Storage Inc ^‡		738		79
Federal Realty Investment Trust ^‡		1,020		75
Healthpeak Properties Inc ^‡		1,687		46
Host Hotels & Resorts Inc *^‡		2,919		32
Iron Mountain Inc ^‡		1,336		36
Kimco Realty Corp ^‡		3,196		36
Mid-America Apartment Communities Inc ^‡		1,107		128
Pacific Century Premium Developments *^‡		40,894		11
Prologis Inc ^‡		549		55
Public Storage ^‡		325		72
Realty Income Corp ^‡		2,310		140
Regency Centers Corp ^‡		515		20
SBA Communications Corp, Cl A ^‡		152		48
Simon Property Group Inc ^‡		848		55
SL Green Realty Corp ^‡		1,090		51
UDR Inc ^‡		2,549		83
Vonovia SE ^‡		1,105		76
Vornado Realty Trust ^‡		747		25
Welltower Inc ^‡		476		26
Weyerhaeuser Co *^‡		1,020		29


				1,807


Utilities — 0.3%
AES Corp/The		8,922		162
Alliant Energy Corp		6,522		337
Ameren Corp		4,398		348
American Electric Power Co Inc		3,930		321
American Water Works Co Inc		1,287		186
Atmos Energy Corp		1,512		145
CenterPoint Energy Inc		10,623		206
CMS Energy Corp		5,849		359
Consolidated Edison Inc		4,155		323
Dominion Energy Inc		4,510		356
DTE Energy Co		2,191		252
Duke Energy Corp		2,840		252
Edison International		5,332		271



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Entergy Corp		2,469	$	243
Evergy Inc		5,347		272
Eversource Energy		3,751		313
Exelon Corp		5,763		206
FirstEnergy Corp		5,862		168
NextEra Energy Inc		1,436		399
NiSource Inc		15,120		333
NRG Energy Inc		6,095		187
Pinnacle West Capital Corp		3,415		255
PPL Corp		9,644		262
Public Service Enterprise Group Inc		5,156		283
Sempra Energy		1,972		233
Southern Co/The		5,517		299
WEC Energy Group Inc		3,198		310
Xcel Energy Inc		3,518		243


				7,524

Total Common Stock (Cost $37,747) ($ Thousands)				48,641


EXCHANGE TRADED FUND — 0.7%
iShares iBoxx $ Investment Grade Corporate Bond ETF		130,327		17,556

Total Exchange Traded Fund (Cost $14,921) ($ Thousands)				17,556


PREFERRED STOCK — 0.0%

Consumer Discretionary — 0.0%
Volkswagen AG (D)		220		35


Health Care — 0.0%
Sartorius AG (D)		155		64


Materials — 0.0%
FUCHS PETROLUB SE (D)		1,520		77


Total Preferred Stock (Cost $174) ($ Thousands)				176


Total Investments in Securities — 69.9% (Cost $1,754,753) ($ Thousands)			$	1,825,628

238

SEI Institutional Managed Trust / Annual Report / September 30, 2020

A list of the open futures contracts held by the Fund at September 30, 2020, is as follows:



Type of Contract	Number of Contracts Long	Expiration Date		Notional Amount (Thousands)		Value (Thousands)		Unrealized Appreciation (Depreciation) (Thousands)
Amsterdam Index	65		Oct-2020	$	8,577	$	8,348	$	(147	)
Australian 10-Year Bond	133		Dec-2020		14,315		14,241		133
Australian 10-Year Bond	1,490		Dec-2020		160,350		159,545		1,851
Bloomberg Commodity Index (A)	1,612		Dec-2020		11,611		11,413		(198	)
Brent Crude (A)	354		Dec-2020		15,298		15,134		(165	)
Brent Crude	289		Dec-2020		11,991		12,355		363
Canadian 10-Year Bond	1,531		Dec-2020		176,125		174,000		(114	)
Coffee C	302		Dec-2020		13,536		12,565		(971	)
Copper	139		Jan-2021		10,235		10,538		303
Corn	775		Dec-2020		13,475		14,686		1,211
Cotton No. 2 (A)	251		Dec-2020		7,764		8,257		493
DAX Index	22		Dec-2020		8,485		8,242		(184	)
Euro-Bob	638		Dec-2020		102,060		101,127		51
Euro-BTP	236		Dec-2020		40,713		40,842		524
Euro-Bund	1,438		Dec-2020		296,341		294,288		2,209
Euro-Buxl	96		Dec-2020		24,902		25,068		414
Feeder Cattle (A)	27		Jan-2021		1,896		1,894		(2	)
Feeder Cattle (A)	1		Nov-2020		75		71		(4	)
Feeder Cattle (A)	93		Nov-2020		6,566		6,605		40
FTSE 100 Index	118		Dec-2020		9,139		8,911		(259	)
FTSE MIB Index	39		Dec-2020		4,576		4,337		(195	)
FTSE/JSE Top 40 Index	4		Dec-2020		120		121		(1	)
Gasoline	37		Nov-2020		1,858		1,836		(22	)
Gasoline (A)	241		Dec-2020		11,505		11,794		289
Gold	390		Jan-2021		72,078		73,925		1,846
Hang Seng China Enterprises Index	199		Nov-2020		11,983		12,043		60
Hang Seng Index	53		Nov-2020		8,070		8,012		(58	)
Hang Seng Index	130		Nov-2020		19,523		19,651		128
IBEX	55		Oct-2020		4,590		4,341		(203	)
Japanese 10-Year Bond	195		Dec-2020		278,939		281,071		525
Japanese 10-Year Government Bond E-MINI	1,176		Dec-2020		168,495		169,508		351
KC HRW Wheat	95		Dec-2020		2,126		2,421		295
KOSPI 200 Index	220		Dec-2020		14,645		14,577		(270	)
Lean Hogs	181		Dec-2020		4,337		4,568		231
Live Cattle (A)	433		Jan-2021		18,758		19,459		701
LME Copper (A)	225		Dec-2020		35,974		37,545		1,572
LME Lead (A)	26		Dec-2020		1,209		1,184		(24	)
LME Nickel (A)	92		Dec-2020		7,894		8,012		119
LME Primary Aluminum (A)	322		Dec-2020		14,318		14,202		(116	)
LME Zinc	253		Dec-2020		14,818		15,194		376
Long Gilt 10-Year Bond	809		Jan-2021		143,499		142,355		114
Long Gilt 10-Year Bond	631		Jan-2021		112,454		111,033		(188	)
Low Sulphur Gasoil (A)	29		Dec-2020		1,101		980		(121	)
Low Sulphur Gasoil	170		Nov-2020		6,507		5,674		(833	)
MSCI Emerging Markets	1,746		Dec-2020		94,821		95,026		205
MSCI Taiwan Index	124		Nov-2020		6,005		6,113		108
Natural Gas (A)	496		Nov-2020		15,195		15,460		265
NY Harbor ULSD (A)	258		Dec-2020		12,445		12,629		185
NY Harbor ULSD	22		Nov-2020		1,144		1,065		(79	)
NYMEX Cocoa (A)	100		Dec-2020		2,584		2,546		(38	)
NYMEX Cocoa (A)	400		Mar-2021		10,614		10,108		(506	)
OMX Stockholm 30	224		Oct-2020		4,639		4,583		27
Russell 2000 Index E-MINI	1,601		Dec-2020		120,254		120,427		173
Russell 2000 Index E-MINI	170		Dec-2020		12,899		12,787		(111	)
S&P - Goldman Sachs Commodity Index (A)	730		Oct-2020		62,892		63,775		882
S&P 500 Index E-MINI	2,283		Dec-2020		380,970		382,631		1,660

SEI Institutional Managed Trust / Annual Report / September 30, 2020

239

CONSOLIDATED SCHEDULE OF INVESTMENTS

September 30, 2020

Multi-Asset Accumulation Fund (Continued)



Type of Contract	Number of Contracts Long		Expiration Date		Notional Amount (Thousands)		Value (Thousands)		Unrealized Appreciation (Depreciation) (Thousands)
S&P Mid Cap 400 Index E-MINI		78		Dec-2020	$	14,532	$	14,476	$	(56)
S&P TSX 60 Index		70		Dec-2020		10,258		10,078		(41)
SGX Nifty 50		133		Nov-2020		2,989		2,994		4
Silver		202		Jan-2021		27,695		23,729		(3,967)
Soybean		178		Nov-2020		8,000		9,109		1,109
Soybean (A)		114		Jan-2021		5,856		5,855		–
Soybean (A)		12		Mar-2021		576		613		37
Soybean Meal (A)		341		Dec-2020		10,516		11,690		1,174
Soybean Oil (A)		464		Dec-2020		8,393		9,223		830
SPI 200 Index		84		Dec-2020		9,030		8,733		(144)
Sugar No. 11		1,194		Mar-2021		17,469		18,067		597
TOPIX Index		289		Dec-2020		43,391		44,515		857
U.S. 2-Year Treasury Note		841		Jan-2021		185,751		185,828		77
U.S. 5-Year Interest Rate Swap		1,571		Dec-2020		162,123		162,046		(77)
U.S. 5-Year Treasury Note		1,253		Jan-2021		157,773		157,917		145
U.S. 10-Year Interest Rate Swap		2,215		Dec-2020		227,666		227,072		(594)
U.S. 10-Year Treasury Note		7,887		Dec-2020		1,098,026		1,100,483		2,457
U.S. Long Treasury Bond		1,068		Dec-2020		189,467		188,268		(1,198)
Wheat		483		Dec-2020		13,025		13,959		934
WTI Crude Oil (A)		112		Nov-2020		4,403		4,533		130

					$	4,814,232	$	4,818,311	$	15,169

A list of the open forward foreign currency contracts held by the Fund at September 30, 2020, is as follows:



Counterparty	Settlement Date			Currency to Deliver (Thousands)			Currency to Receive (Thousands)		Unrealized Appreciation (Depreciation) (Thousands)
Barclays PLC		10/28/20	EUR		134,600	USD		157,653	$	(259)
BNYMellon		10/29/20	GBP		3,400	USD		4,319		(77)
BNYMellon		10/29/20	AUD		4,300	USD		3,016		(65)
BNYMellon		10/29/20	CAD		9,600	USD		7,160		(29)
Citigroup		12/16/20	USD		91	CLP		71,594		—
Citigroup		12/16/20	USD		749	CLP		581,256		(10)
Citigroup		12/16/20	USD		3,697	HUF		1,102,950		(138)
Citigroup		12/16/20	USD		4,575	CZK		100,800		(205)
Citigroup		12/16/20	CNH		5,200	USD		760		(2)
Citigroup		12/16/20	USD		7,983	BRL		44,000		(192)
Citigroup		12/16/20	USD		10,397	PLN		38,700		(381)
Citigroup		12/16/20	BRL		10,500	USD		1,901		42
Citigroup		12/16/20	USD		10,721	CNH		74,450		190
Citigroup		12/16/20	USD		2,280	EUR		1,950		11
Citigroup		12/16/20	USD		10,468	EUR		8,850		(73)
Citigroup		12/16/20	GBP		13,746	USD		18,120		342
Citigroup		12/16/20	GBP		2,122	USD		2,726		(18)
Citigroup		12/16/20	USD		16,983	MXN		373,850		(196)
Citigroup		12/16/20	USD		11,796	INR		887,094		162
Citigroup		12/16/20	USD		9,012	INR		666,556		(27)
Citigroup		12/16/20	USD		22,490	KRW		26,649,250		395
Citigroup		12/16/20	USD		528	KRW		613,750		(1)
Citigroup		12/16/20	PLN		30,200	USD		7,958		142
Citigroup		12/16/20	PLN		7,000	USD		1,796		(15)
Citigroup		12/16/20	INR		48,750	USD		656		(1)

240

SEI Institutional Managed Trust / Annual Report / September 30, 2020



Counterparty	Settlement Date			Currency to Deliver (Thousands)			Currency to Receive (Thousands)		Unrealized Appreciation (Depreciation) (Thousands)
Citigroup		12/16/20	MXN		33,050	USD		1,526	$	42
Citigroup		12/16/20	MXN		26,700	USD		1,180		(19)
Citigroup		12/16/20	EUR		78,594	USD		93,389		1,071
Citigroup		12/16/20	CZK		72,750	USD		3,233		79
Citigroup		12/16/20	CZK		28,050	USD		1,214		(2)
Citigroup		12/16/20	HUF		1,102,950	USD		3,666		107
Citigroup		12/16/20	KRW		1,126,850	USD		963		(4)
Citigroup		12/17/20	USD		9,706	ZAR		165,750		141
Citigroup		12/17/20	USD		1,562	ZAR		25,950		(20)
Citigroup		12/17/20	ZAR		40,300	USD		2,365		(29)
JPMorgan Chase Bank		12/16/20	GBP		11,292	USD		14,943		339
JPMorgan Chase Bank		10/29/20	GBP		46	USD		59		—
JPMorgan Chase Bank		12/16/20	USD		91	CLP		71,594		—
JPMorgan Chase Bank		12/16/20	USD		749	CLP		581,256		(10)
JPMorgan Chase Bank		12/16/20	USD		3,697	HUF		1,102,950		(138)
JPMorgan Chase Bank		12/16/20	USD		4,575	CZK		100,800		(205)
JPMorgan Chase Bank		12/16/20	CNH		5,200	USD		760		(2)
JPMorgan Chase Bank		12/16/20	USD		7,985	BRL		44,000		(194)
JPMorgan Chase Bank		12/16/20	USD		10,397	PLN		38,700		(381)
JPMorgan Chase Bank		12/16/20	BRL		10,500	USD		1,901		42
JPMorgan Chase Bank		12/16/20	USD		10,721	CNH		74,450		190
JPMorgan Chase Bank		12/16/20	USD		2,280	EUR		1,950		10
JPMorgan Chase Bank		12/16/20	USD		10,468	EUR		8,850		(73)
JPMorgan Chase Bank		12/16/20	USD		16,983	MXN		373,850		(196)
JPMorgan Chase Bank		12/16/20	USD		11,796	INR		887,094		161
JPMorgan Chase Bank		12/16/20	USD		9,012	INR		666,556		(28)
JPMorgan Chase Bank		12/16/20	USD		22,490	KRW		26,649,250		394
JPMorgan Chase Bank		12/16/20	USD		528	KRW		613,750		(2)
JPMorgan Chase Bank		12/16/20	PLN		30,200	USD		7,958		142
JPMorgan Chase Bank		12/16/20	PLN		7,000	USD		1,796		(16)
JPMorgan Chase Bank		12/16/20	INR		48,750	USD		656		(1)
JPMorgan Chase Bank		12/16/20	MXN		33,050	USD		1,526		41
JPMorgan Chase Bank		12/16/20	MXN		26,700	USD		1,180		(19)
JPMorgan Chase Bank		12/16/20	EUR		78,594	USD		93,389		1,071
JPMorgan Chase Bank		12/16/20	CZK		72,750	USD		3,233		78
JPMorgan Chase Bank		12/16/20	CZK		28,050	USD		1,214		(2)
JPMorgan Chase Bank		12/16/20	HUF		1,102,950	USD		3,666		107
JPMorgan Chase Bank		12/16/20	KRW		1,126,850	USD		963		(5)
JPMorgan Chase Bank		12/17/20	USD		9,706	ZAR		165,750		140
JPMorgan Chase Bank		12/17/20	USD		1,562	ZAR		25,950		(20)
JPMorgan Chase Bank		12/17/20	ZAR		40,300	USD		2,365		(29)
State Street		10/28/20	GBP		93,200	USD		118,619		(1,871)
State Street		10/29/20	CHF		2,200	USD		2,369		(28)
State Street		10/29/20	EUR		12,717	USD		14,781		(139)
State Street		10/29/20	HKD		18,300	USD		2,361		—
State Street		10/29/20	JPY		2,644,000	USD		25,037		(31)

									$	286

SEI Institutional Managed Trust / Annual Report / September 30, 2020

241

CONSOLIDATED SCHEDULE OF INVESTMENTS

September 30, 2020

Multi-Asset Accumulation Fund (Concluded)

A list of the open OTC swap agreements held by the Fund at September 30, 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)

Citibank

Bovespa Index

NEGATIVE PRICE RETURN

POSITIVE PRICE RETURN

At Maturity

10/14/2020

BRL

2,197

1,930

–

(185

)

Citibank

Taiwan Index (TAIEX)

NEGATIVE PRICE RETURN

POSITIVE PRICE RETURN

At Maturity

10/21/2020

TWD

4,089

4,048

–

(79

)

JPMorgan Chase

Taiwan Index (TAIEX)

NEGATIVE PRICE RETURN

POSITIVE PRICE RETURN

At Maturity

10/21/2020

TWD

2,439

2,412

–

(50

)

Merrill Lynch

Taiwan Index (TAIEX)

NEGATIVE PRICE RETURN

POSITIVE PRICE RETURN

At Maturity

10/21/2020

TWD

5,467

5,426

–

(92

)

Citibank

Hang Seng Index

NEGATIVE PRICE RETURN

POSITIVE PRICE RETURN

At Maturity

10/29/2020

HKD

1,932

1,937

–

JPMorgan Chase

Hang Seng Index

NEGATIVE PRICE RETURN

POSITIVE PRICE RETURN

At Maturity

10/29/2020

HKD

18,220

18,155

–

(66

)

Bank of America

Hang Seng Index

NEGATIVE PRICE RETURN

POSITIVE PRICE RETURN

At Maturity

10/29/2020

HKD

12,884

12,890

–

JPMorgan Chase

Hang Seng Index

NEGATIVE PRICE RETURN

POSITIVE PRICE RETURN

At Maturity

10/29/2020

HKD

3,917

3,930

–

Merrill Lynch

SGX Nifty 50

NEGATIVE PRICE RETURN

POSITIVE PRICE RETURN

At Maturity

10/29/2020

USD

2,024

2,026

–

Citibank

Soybean (A)

NEGATIVE PRICE RETURN

POSITIVE PRICE RETURN

At Maturity

11/13/2020

USD

17,370

19,344

–

1,974

JPMorgan Chase

KOSPI Index

NEGATIVE PRICE RETURN

POSITIVE PRICE RETURN

At Maturity

12/10/2020

KRW

11,637

11,661

–

(163

)

Citibank

Soybean Oil

NEGATIVE PRICE RETURN

POSITIVE PRICE RETURN

At Maturity

12/14/2020

USD

1,047

1,213

–

165

Merrill Lynch

Soybean Oil

NEGATIVE PRICE RETURN

POSITIVE PRICE RETURN

At Maturity

12/14/2020

USD

7,492

7,911

–

420

Citibank

Soybean Meal

NEGATIVE PRICE RETURN

POSITIVE PRICE RETURN

At Maturity

12/14/2020

USD

3,516

3,599

–

Citibank

Wheat (A)

NEGATIVE PRICE RETURN

POSITIVE PRICE RETURN

At Maturity

12/14/2020

USD

748

780

–

Citibank

Swiss Market

NEGATIVE PRICE RETURN

POSITIVE PRICE RETURN

At Maturity

12/18/2020

CHF

12,005

11,528

–

(332

)

Merrill Lynch

Live Cattle

NEGATIVE PRICE RETURN

POSITIVE PRICE RETURN

At Maturity

12/31/2020

USD

2,738

2,831

–

Citibank

Soybean (A)

NEGATIVE PRICE RETURN

POSITIVE PRICE RETURN

At Maturity

01/14/2021

USD

2,976

3,030

–

Citibank

Sugar (A)

NEGATIVE PRICE RETURN

POSITIVE PRICE RETURN

At Maturity

02/26/2021

USD

–

Bank of America

Sugar (A)

NEGATIVE PRICE RETURN

POSITIVE PRICE RETURN

At Maturity

02/26/2021

USD

–

114,742

–

1,885

A list of the open centrally cleared swap agreements held by the Fund at September 30, 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		0.25	%		Semi-Annually		03/17/2023		USD		723,000	$	509	$	477	$	32
USD-LIBOR-BBA 3M		1.00	%		Semi-Annually		12/16/2025		USD		139,822		4,411		3,911		500
3 MONTH USD -LIBOR		0.50	%		Semi-Annually		03/17/2026		USD		120,000		719		409		310

												$	5,639	$	4,797	$	842

Percentages are based on Net Assets of $2,610,529 ($ Thousands).

*	Non-income producing security.

^‡	Real Estate Investment Trust.

(A)	Security, or a portion thereof, is held by the Accumulation Commodity Strategy Subsidiary, Ltd. as of September 30, 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 September 30, 2020, the value of these securities amounted to $78,497 ($ Thousands), representing 3.0% of the Net Assets of the Fund.

(D)	There is currently no rate available.

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

ADR — American Depositary Receipt

AUD — Australian Dollar

BBA — British Bankers Association

BRL — Brazilian Real

CAD — Canadian Dollar

CHF — Swiss Franc

— Class

CLP	— Chilean Peso

CNH	— Chinese Yuan Offshore

CZK	— Czech Koruna

DAX	— German Stock Exchange

ETF	— Exchange-Traded Fund

EUR

— Euro

FTSE	— Financial Times and 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

JSE	— Johannesburg Stock Exchange

KOSPI

— Korea Composite Stock Exchange

KRW	— Korean Won

LIBOR—

London Interbank Offered Rate

LLC	— Limited Liability Company

LME	— London Metal Exchange

242

SEI Institutional Managed Trust / Annual Report / September 30, 2020

Ltd. — Limited

MSCI — Morgan Stanley Capital International

MTN — Medium Term Note

MXN — Mexican Peso

NYMEX — New York Mercantile Exchange

OMX — Offset Market Exchange

PLC — Public Limited Company

PLN — Polish Zloty

S&P — Standard & Poor’s

SGX — Singapore Exchange

SPI — Share Price Index

TAIEX — Taiwan Capitalization Weighted Stock Index

TOPIX — Tokyo Stock Exchange

TSX — Toronto Stock Exchange

ULSD — Ultra-Low Sulfur Diesel

USD — United States Dollar

VAR — Variable Rate

ZAR — South African Rand

The following is a list of the level of inputs used as of September 30, 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

–

1,207,838

–

1,207,838

Sovereign Debt

–

427,749

–

427,749

Foreign Common Stock

62,625

–

62,625

Corporate Obligations

–

61,043

–

61,043

Common Stock

48,641

–

48,641

Exchange Traded Fund

17,556

–

17,556

Preferred Stock

176

–

176

Total Investments in Securities

128,998

1,696,630

–

1,825,628

Other Financial Instruments

Level 1
($)

Level 2
($)

Level 3
($)

Total
($)

Futures Contracts*

Unrealized Appreciation

26,055

–

26,055

Unrealized Depreciation

(10,886)

–

(10,886)

Forwards Contracts*

Unrealized Appreciation

–

5,439

–

5,439

Unrealized Depreciation

–

(5,153)

–

(5,153)

OTC Swaps

Total Return Swaps*

Unrealized Appreciation

–

2,852

–

2,852

Unrealized Depreciation

–

(967)

–

(967)

Centrally Cleared Swaps

Interest Rate Swaps*

Unrealized Appreciation

–

842

–

842

Total Other Financial Instruments

15,169

3,013

–

18,182

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

For the year ended September 30, 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.

SEI Institutional Managed Trust / Annual Report / September 30, 2020

243

SCHEDULE OF INVESTMENTS

September 30, 2020

Multi-Asset Income Fund

Sector Weightings (Unaudited)^†:

LOGO

^†Percentages are based on total investments.



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

CORPORATE OBLIGATIONS — 47.8%

Communication Services — 4.1%
Altice France
7.375%, 05/01/2026 (A)	$	470	$	492
Altice France Holding
10.500%, 05/15/2027 (A)		1,180		1,311
AMC Networks
5.000%, 04/01/2024		400		409
ANGI Group
3.875%, 08/15/2028 (A)		690		683
AT&T
4.350%, 03/01/2029		700		824
4.250%, 03/01/2027		900		1,045
4.125%, 02/17/2026		325		372
3.500%, 06/01/2041		350		368
2.750%, 06/01/2031		475		501
2.300%, 06/01/2027		1,050		1,100
1.650%, 02/01/2028		875		877
CCO Holdings
5.000%, 02/01/2028 (A)		620		651
4.500%, 05/01/2032 (A)		410		428
CenturyLink
7.650%, 03/15/2042		1,245		1,391
5.125%, 12/15/2026 (A)		1,250		1,284
Charter Communications Operating
5.125%, 07/01/2049		300		348
4.908%, 07/23/2025		3,200		3,700
3.750%, 02/15/2028		650		718
Cogent Communications Group
5.375%, 03/01/2022 (A)		630		643



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

CORPORATE OBLIGATIONS (continued)
Comcast
4.700%, 10/15/2048	$	675	$	900
Comunicaciones Celulares Via Comcel Trust
6.875%, 02/06/2024		200		204
Digicel Group
8.000%, 04/01/2025 (A)		84		29
Digicel International Finance
8.750%, 05/25/2024 (A)		61		61
DISH DBS
7.750%, 07/01/2026		1,160		1,275
DISH Network
3.375%, 08/15/2026		490		450
Entercom Media
6.500%, 05/01/2027 (A)		1,050		913
iHeartCommunications (B)
6.375%, 05/01/2026		400		417
5.250%, 08/15/2027 (A)		250		244
4.750%, 01/15/2028 (A)		420		396
Intelsat Jackson Holdings
9.750%, 07/15/2025 (A)(C)		650		426
5.500%, 08/01/2023 (C)		1,110		697
Match Group
5.000%, 12/15/2027 (A)		50		53
4.625%, 06/01/2028 (A)		420		433
Mauritius Investments
6.500%, 10/13/2026		2,470		2,739
4.755%, 11/11/2024		400		409
Millicom International Cellular
6.625%, 10/15/2026 (A)		240		257
6.250%, 03/25/2029 (A)		530		566
5.125%, 01/15/2028 (A)		280		291
Netflix
6.375%, 05/15/2029		490		603
Outfront Media Capital
5.000%, 08/15/2027 (A)		145		141
Scripps (Escrow Security)
5.875%, 07/15/2027 (A)		450		434
Sirius XM Radio
4.625%, 07/15/2024 (A)		120		124
SoftBank Group
6.000%, VAR USD ICE Swap 11:00 NY 5 Yr+4.226%(D)		200		184
Sprint Capital
8.750%, 03/15/2032		1,010		1,478
6.875%, 11/15/2028		1,020		1,275
TEGNA
4.625%, 03/15/2028 (A)		1,050		1,027
Telecom Argentina
8.500%, 08/06/2025 (A)		98		84
Telecom Italia
5.303%, 05/30/2024 (A)		1,950		2,111

244

SEI Institutional Managed Trust / Annual Report / September 30, 2020



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

CORPORATE OBLIGATIONS (continued)
Telecom Italia Capital
6.000%, 09/30/2034	$	500	$	580
T-Mobile USA
4.500%, 04/15/2050 (A)		1,516		1,819
Verizon Communications
4.000%, 03/22/2050		675		831

				38,596


Consumer Discretionary — 5.8%
1011778 BC ULC
4.000%, 10/15/2030 (A)		730		736
Adient US
7.000%, 05/15/2026 (A)		700		750
Allen Media
10.500%, 02/15/2028 (A)		760		733
Allied Universal Holdco
6.625%, 07/15/2026 (A)		580		618
AutoNation
4.750%, 06/01/2030		200		236
Banijay Entertainment SASU
5.375%, 03/01/2025 (A)		650		654
Boyd Gaming
8.625%, 06/01/2025 (A)		150		164
4.750%, 12/01/2027		1,200		1,177
Boyne USA
7.250%, 05/01/2025 (A)		390		409
Brown University in Providence in the State of Rhode Island and Providence Plant
2.924%, 09/01/2050		220		240
Burlington Coat Factory Warehouse
6.250%, 04/15/2025 (A)		297		313
Caesars Entertainment
6.250%, 07/01/2025 (A)		500		523
CalAtlantic Group
5.250%, 06/01/2026		330		313
Carriage Services
6.625%, 06/01/2026 (A)		250		261
Carvana
5.875%, 10/01/2028 (A)		1,625		1,605
CD&R Smokey Buyer
6.750%, 07/15/2025 (A)		400		422
CSC Holdings
5.750%, 01/15/2030 (A)		1,525		1,620
4.625%, 12/01/2030 (A)		1,064		1,072
Dealer Tire
8.000%, 02/01/2028 (A)		657		670
Delphi Technologies
5.000%, 10/01/2025 (A)		560		640
Diamond Sports Group
6.625%, 08/15/2027 (A)		500		260
5.375%, 08/15/2026 (A)		330		233



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

CORPORATE OBLIGATIONS (continued)
eG Global Finance
6.750%, 02/07/2025 (A)	$	488	$	500
Expedia Group
4.625%, 08/01/2027 (A)		647		680
Ford Motor
9.000%, 04/22/2025		560		642
8.500%, 04/21/2023		1,286		1,402
Ford Motor Credit
5.875%, 08/02/2021		350		357
5.125%, 06/16/2025		1,075		1,109
4.140%, 02/15/2023		750		755
3.087%, 01/09/2023		220		216
General Motors
6.125%, 10/01/2025		200		232
5.950%, 04/01/2049		50		59
5.400%, 10/02/2023		400		441
4.000%, 04/01/2025		250		269
General Motors Financial
5.650%, 01/17/2029		175		204
3.250%, 01/05/2023		1,850		1,912
Getty Images
9.750%, 03/01/2027 (A)		100		98
Golden Nugget
6.750%, 10/15/2024 (A)		470		392
GrubHub Holdings
5.500%, 07/01/2027 (A)		300		311
Hilton Domestic Operating
5.750%, 05/01/2028 (A)		240		253
Home Depot
3.350%, 04/15/2050		512		593
Installed Building Products
5.750%, 02/01/2028 (A)		450		474
IRB Holding
7.000%, 06/15/2025 (A)		502		535
6.750%, 02/15/2026 (A)		435		435
Ken Garff Automotive
4.875%, 09/15/2028 (A)		565		556
L Brands
6.875%, 07/01/2025 (A)		560		605
6.694%, 01/15/2027		260		260
6.625%, 10/01/2030 (A)		120		122
5.250%, 02/01/2028		940		909
Lions Gate Capital Holdings
5.875%, 11/01/2024 (A)		1,080		1,061
Lowe’s
5.125%, 04/15/2050		341		471
Mattamy Group
4.625%, 03/01/2030 (A)		789		799
MDC Holdings
6.000%, 01/15/2043		270		327
Melco Resorts Finance
5.375%, 12/04/2029 (A)		920		914

SEI Institutional Managed Trust / Annual Report / September 30, 2020

245

SCHEDULE OF INVESTMENTS

September 30, 2020

Multi-Asset Income Fund (Continued)



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

CORPORATE OBLIGATIONS (continued)
Michaels Stores
8.000%, 07/15/2027 (A)	$	480	$	502
4.750%, 10/01/2027 (A)		120		119
Mohegan Gaming & Entertainment
7.875%, 10/15/2024 (A)		1,210		1,125
NCL
12.250%, 05/15/2024 (A)		570		638
10.250%, 02/01/2026 (A)		580		604
3.625%, 12/15/2024 (A)		610		427
Newell Brands
4.700%, 04/01/2026		1,000		1,065
PetSmart
8.875%, 06/01/2025 (A)		340		353
7.125%, 03/15/2023 (A)		450		454
PM General Purchaser
9.500%, 10/01/2028 (A)		440		456
Sands China
5.125%, 08/08/2025		500		545
3.800%, 01/08/2026 (A)		200		209
SeaWorld Parks & Entertainment
9.500%, 08/01/2025 (A)		1,150		1,195
Silversea Cruise Finance
7.250%, 02/01/2025 (A)		750		759
Six Flags Entertainment
5.500%, 04/15/2027 (A)		1,770		1,678
Specialty Building Products Holdings
6.375%, 09/30/2026 (A)		1,592		1,620
Station Casinos
4.500%, 02/15/2028 (A)		837		770
Taylor Morrison Communities
5.125%, 08/01/2030 (A)		608		648
Terrier Media Buyer
8.875%, 12/15/2027 (A)		850		856
TRI Pointe Group
5.700%, 06/15/2028		191		209
Univision Communications
9.500%, 05/01/2025 (A)		300		321
UPC Holding BV
5.500%, 01/15/2028 (A)		330		340
Viking Cruises
5.875%, 09/15/2027 (A)		310		241
Virgin Media Secured Finance
5.000%, 04/15/2027	GBP	800		1,081
Virgin Media Vendor Financing Notes III DAC
4.875%, 07/15/2028 (A)		725		944
VOC Escrow
5.000%, 02/15/2028 (A)	$	1,070		947
Wendy’s International
7.000%, 12/15/2025		570		621
WW International
8.625%, 12/01/2025 (A)		620		649



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

CORPORATE OBLIGATIONS (continued)
Wyndham Destinations
6.625%, 07/31/2026 (A)	$	278	$	291
Wyndham Hotels & Resorts
4.375%, 08/15/2028 (A)		270		262
Wynn Macau
5.625%, 08/26/2028 (A)		810		786
5.125%, 12/15/2029 (A)		470		451
Wynn Resorts Finance
7.750%, 04/15/2025 (A)		740		784
Yum! Brands
7.750%, 04/01/2025 (A)		27		30
4.750%, 01/15/2030 (A)		454		490

				54,012


Consumer Staples — 1.8%
Altria Group
2.350%, 05/06/2025		425		449
Anheuser-Busch InBev Worldwide
4.750%, 01/23/2029		2,675		3,265
BRF
5.750%, 09/21/2050 (A)		310		308
Constellation Brands
3.150%, 08/01/2029		600		655
Energizer Holdings
6.375%, 07/15/2026 (A)		123		132
General Mills
2.875%, 04/15/2030		444		487
Herbalife Nutrition
7.875%, 09/01/2025 (A)		603		647
H-Food Holdings
8.500%, 06/01/2026 (A)		500		489
HLF Financing Sarl
7.250%, 08/15/2026 (A)		1,452		1,492
Keurig Dr Pepper
4.597%, 05/25/2028		1,000		1,201
3.800%, 05/01/2050		100		115
Kraft Heinz Foods
5.500%, 06/01/2050 (A)		290		332
5.000%, 07/15/2035		1,546		1,780
4.875%, 10/01/2049 (A)		330		348
4.375%, 06/01/2046		1,671		1,717
4.250%, 03/01/2031 (A)		80		88
3.875%, 05/15/2027 (A)		20		21
Lindley
4.625%, 04/12/2023		190		199
Performance Food Group
6.875%, 05/01/2025 (A)		3		3
5.500%, 10/15/2027 (A)		450		464
Post Holdings
5.750%, 03/01/2027 (A)		600		631
4.625%, 04/15/2030 (A)		429		441

246

SEI Institutional Managed Trust / Annual Report / September 30, 2020



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

CORPORATE OBLIGATIONS (continued)
Prosperous Ray
4.625%, 11/12/2023	$	300	$	326
Spectrum Brands
5.000%, 10/01/2029 (A)		75		78
SunOpta Foods
9.500%, 10/09/2022 (A)		820		836

				16,504


Energy — 8.3%
Antero Midstream Partners
5.750%, 03/01/2027 (A)		950		786
5.375%, 09/15/2024		1,060		906
Antero Resources
5.125%, 12/01/2022		1,050		856
Berkshire Hathaway Energy
4.250%, 10/15/2050 (A)		350		436
Berry Petroleum
7.000%, 02/15/2026 (A)		1,170		910
Buckeye Partners
4.350%, 10/15/2024		245		240
4.125%, 12/01/2027		865		820
3.950%, 12/01/2026		860		801
Cenovus Energy
5.375%, 07/15/2025		1,255		1,208
Cheniere Corpus Christi Holdings
7.000%, 06/30/2024		250		288
5.125%, 06/30/2027		850		946
Cheniere Energy Partners
4.500%, 10/01/2029		260		267
CNX Midstream Partners
6.500%, 03/15/2026 (A)		380		385
Comstock Resources
9.750%, 08/15/2026		1,000		1,025
Continental Resources
4.500%, 04/15/2023		650		619
4.375%, 01/15/2028		100		87
DCP Midstream Operating
6.750%, 09/15/2037 (A)		770		739
6.450%, 11/03/2036 (A)		115		110
5.375%, 07/15/2025		1,000		1,031
Devon Energy
5.850%, 12/15/2025		1,021		1,144
5.000%, 06/15/2045		200		190
Endeavor Energy Resources
6.625%, 07/15/2025 (A)		450		462
5.750%, 01/30/2028 (A)		520		523
5.500%, 01/30/2026 (A)		330		327
Energy Transfer Operating
4.200%, 09/15/2023		3,225		3,404
Ensign Drilling
9.250%, 04/15/2024 (A)		900		342



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

CORPORATE OBLIGATIONS (continued)
Enterprise Products Operating
3.750%, 02/15/2025	$	500	$	556
3.024%, VAR ICE LIBOR USD 3 Month+2.778%, 06/01/2067		395		304
EQM Midstream Partners
6.500%, 07/01/2027 (A)		190		201
6.000%, 07/01/2025 (A)		210		217
4.750%, 07/15/2023		624		623
Equities
7.875%, 02/01/2025		330		366
Eterna Capital Pte
8.000%, 12/11/2022		45		12
Exterran Energy Solutions
8.125%, 05/01/2025		700		598
Gazprom PJSC Via Gaz Capital
4.950%, 03/23/2027 (A)		500		556
Gazprom PJSC Via Gaz Capital MTN
7.288%, 08/16/2037		300		424
Genesis Energy
7.750%, 02/01/2028		1,860		1,616
Global Partners
6.875%, 01/15/2029 (A)		545		550
GNL Quintero
4.634%, 07/31/2029		400		428
KazMunayGas National JSC
4.750%, 04/19/2027 (A)		800		890
KazTransGas JSC
4.375%, 09/26/2027 (A)		300		323
Laredo Petroleum
9.500%, 01/15/2025		769		458
Leviathan Bond
5.750%, 06/30/2023 (A)		1,430		1,473
Marathon Petroleum
3.800%, 04/01/2028		325		353
3.625%, 09/15/2024		350		374
MEG Energy
7.125%, 02/01/2027 (A)		1,190		1,067
7.000%, 03/31/2024 (A)		410		381
Montage Resources
8.875%, 07/15/2023		750		762
MPLX
4.800%, 02/15/2029		250		286
4.000%, 03/15/2028		950		1,034
Nabors Industries
5.750%, 02/01/2025		1,180		401
Newfield Exploration
5.625%, 07/01/2024		650		631
NGL Energy Partners
7.500%, 11/01/2023		1,150		766
NGPL PipeCo
7.768%, 12/15/2037 (A)		1,300		1,655

SEI Institutional Managed Trust / Annual Report / September 30, 2020

247

SCHEDULE OF INVESTMENTS

September 30, 2020

Multi-Asset Income Fund (Continued)



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

CORPORATE OBLIGATIONS (continued)
Noble Holding International
6.050%, 03/01/2041 (C)	$	900	$	4
NuStar Logistics
6.375%, 10/01/2030		1,490		1,546
6.000%, 06/01/2026		915		918
Oasis Petroleum
6.875%, 03/15/2022		1,110		264
6.875%, 01/15/2023		390		91
Occidental Petroleum
8.000%, 07/15/2025		1,015		1,021
7.150%, 05/15/2028		1,090		992
6.625%, 09/01/2030		700		646
5.550%, 03/15/2026		725		657
5.057%, 10/10/2036 (E)		1,410		620
2.900%, 08/15/2024		1,425		1,209
ONEOK
6.350%, 01/15/2031		325		378
Parsley Energy
5.625%, 10/15/2027 (A)		480		478
Petrobras Global Finance BV
6.750%, 06/03/2050		2,820		3,054
5.299%, 01/27/2025		1,160		1,267
Petroleos de Venezuela
6.000%, 10/28/2022 (C)(F)		8,860		201
6.000%, 05/16/2024 (C)(F)		3,790		95
6.000%, 11/15/2026 (C)(F)		1,110		28
5.500%, 04/12/2037 (C)(F)		130		3
5.375%, 04/12/2027 (C)(F)		2,570		64
Petroleos Mexicanos
7.690%, 01/23/2050 (A)		406		340
6.950%, 01/28/2060 (A)		207		160
6.625%, 06/15/2035		30		25
6.500%, 03/13/2027		430		403
6.490%, 01/23/2027 (A)		160		150
6.350%, 02/12/2048		242		182
5.950%, 01/28/2031 (A)		90		76
5.350%, 02/12/2028		300		259
4.500%, 01/23/2026		40		36
Petroleos Mexicanos MTN
6.750%, 09/21/2047		20		16
5.125%, 03/15/2023	EUR	1,040		1,223
Petronas Capital MTN
4.800%, 04/21/2060 (A)	$	200		272
4.550%, 04/21/2050 (A)		310		394
3.500%, 04/21/2030 (A)		940		1,050
Phillips 66
3.900%, 03/15/2028		525		593
Plains All American Pipeline
6.125%, VAR ICE LIBOR USD 3 Month+4.110%(D)		140		89
3.650%, 06/01/2022		1,700		1,741
3.600%, 11/01/2024		175		180



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

CORPORATE OBLIGATIONS (continued)
Range Resources
9.250%, 02/01/2026 (A)	$	1,400	$	1,438
5.875%, 07/01/2022		196		190
5.750%, 06/01/2021		300		295
5.000%, 08/15/2022		220		212
Rattler Midstream
5.625%, 07/15/2025 (A)		390		393
ReNew Power Synthetic
6.670%, 03/12/2024		200		206
Sabine Pass Liquefaction
6.250%, 03/15/2022		700		743
5.625%, 03/01/2025		800		915
SEPLAT Petroleum Development
9.250%, 04/01/2023		550		551
Suncor Energy
3.100%, 05/15/2025		400		430
2.800%, 05/15/2023		200		210
Sunoco
5.500%, 02/15/2026		240		240
Tallgrass Energy Partners
5.500%, 09/15/2024 (A)		1,120		1,053
4.750%, 10/01/2023 (A)		435		412
Targa Resources Partners
6.500%, 07/15/2027		400		417
5.375%, 02/01/2027		1,870		1,880
4.875%, 02/01/2031 (A)		1,370		1,327
Total Capital International
2.829%, 01/10/2030		1,350		1,495
Transocean
8.000%, 02/01/2027 (A)		732		205
7.500%, 01/15/2026 (A)		500		110
Transportadora de Gas del Sur
6.750%, 05/02/2025 (A)		1,250		1,006
USA Compression Partners
6.875%, 04/01/2026		1,175		1,165
Valero Energy
2.850%, 04/15/2025		350		367
2.700%, 04/15/2023		650		673
Viper Energy Partners
5.375%, 11/01/2027 (A)		220		217
Western Midstream Operating
5.450%, 04/01/2044		1,450		1,240
5.375%, 06/01/2021		120		121
5.300%, 03/01/2048		530		427
4.000%, 07/01/2022		290		292
Williams
8.750%, 03/15/2032		200		285
WPX Energy
5.250%, 10/15/2027		480		487
4.500%, 01/15/2030		520		511

248

SEI Institutional Managed Trust / Annual Report / September 30, 2020



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

CORPORATE OBLIGATIONS (continued)
YPF
8.500%, 03/23/2021	$	1,180	$	1,109

				77,504


Financials — 9.6%
AIA Group
3.900%, 04/06/2028 (A)		475		540
AIA Group MTN
3.200%, 03/11/2025 (A)		425		456
AIB Group MTN
4.750%, 10/12/2023 (A)		550		597
Akbank T.A.S.
6.797%, VAR USD Swap Semi 30/360 5 Yr Curr+4.029%, 04/27/2028		200		174
American Express
3.535%, VAR ICE LIBOR USD 3 Month+3.285%(D)		370		335
American International Group
4.200%, 04/01/2028		275		319
3.900%, 04/01/2026		325		371
3.400%, 06/30/2030		575		637
Arch Capital Finance
4.011%, 12/15/2026		1,025		1,190
Avolon Holdings Funding
5.125%, 10/01/2023 (A)		140		140
2.875%, 02/15/2025 (A)		1,250		1,146
Banco Bilbao Vizcaya Argentaria
5.875%, VAR EUR Swap Annual 5 Yr+5.660%(D)	EUR	800		923
Banco de Bogota
6.250%, 05/12/2026 (A)	$	980		1,063
Banco de Sabadell
6.500%, VAR EUR Swap Annual 5 Yr+6.414%(D)	EUR	800		838
Banco do Brasil
9.000%, VAR US Treas Yield Curve Rate T Note Const Mat 10 Yr+6.362%(D)	$	200		216
6.250%, VAR US Treas Yield Curve Rate T Note Const Mat 10 Yr+4.398%(D)		1,920		1,798
Banco Mercantil del Norte
7.625%, VAR US Treas Yield Curve Rate T Note Const Mat 10 Yr+5.353%(A) (D)		200		199
7.500%, VAR US Treas Yield Curve Rate T Note Const Mat 10 Yr+5.470%(A) (D)		250		246
6.750%, VAR US Treas Yield Curve Rate T Note Const Mat 5 Yr+4.967%(A)(D)		420		414
Banco Santander
4.250%, 04/11/2027		400		452
3.306%, 06/27/2029		400		435



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

CORPORATE OBLIGATIONS (continued)
2.746%, 05/28/2025	$	600	$	629
Bank of America
6.250%, VAR ICE LIBOR USD 3 Month+3.705%(D)		150		160
3.419%, VAR ICE LIBOR USD 3 Month+1.040%, 12/20/2028		2,115		2,354
Bank of America MTN
4.200%, 08/26/2024		1,050		1,169
4.083%, VAR ICE LIBOR USD 3 Month+3.150%, 03/20/2051		700		867
4.000%, 01/22/2025		1,350		1,504
3.824%, VAR ICE LIBOR USD 3 Month+1.575%, 01/20/2028		1,525		1,724
Barclays
8.000%, VAR US Treas Yield Curve Rate T Note Const Mat 5 Yr+5.672%(D)		1,170		1,246
7.125%, VAR UK Govt Bonds 5 Year Note Generic Bid Yield+6.579%(D)	GBP	700		942
4.610%, VAR ICE LIBOR USD 3 Month+1.400%, 02/15/2023	$	1,225		1,282
2.852%, VAR ICE LIBOR USD 3 Month+2.452%, 05/07/2026		725		754
BBVA Bancomer
5.125%, VAR US Treas Yield Curve Rate T Note Const Mat 5 Yr+2.650%, 01/18/2033 (A)		410		395
BNP Paribas
3.375%, 01/09/2025 (A)		1,000		1,085
BPCE
4.625%, 09/12/2028 (A)		500		591
4.000%, 09/12/2023 (A)		950		1,032
China Evergrande Group
8.250%, 03/23/2022		200		179
CIT Group
6.125%, 03/09/2028		195		222
5.250%, 03/07/2025		185		196
Citigroup
6.300%, VAR ICE LIBOR USD 3 Month+3.423%(D)		1,250		1,309
5.900%, VAR ICE LIBOR USD 3 Month+4.230%(D)		675		691
4.412%, VAR United States Secured
Overnight Financing Rate+3.914%, 03/31/2031		800		959
4.375%, VAR ICE LIBOR USD 3 Month+4.095%(D)		700		685
4.125%, 07/25/2028		1,450		1,670
3.400%, 05/01/2026		1,675		1,862
Cooperatieve Rabobank UA
4.625%, VAR EUR Swap Annual 5 Yr+4.098%(D)	EUR	1,400		1,685

SEI Institutional Managed Trust / Annual Report / September 30, 2020

249

SCHEDULE OF INVESTMENTS

September 30, 2020

Multi-Asset Income Fund (Continued)



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

CORPORATE OBLIGATIONS (continued)
Credit Agricole
6.500%, VAR EUR Swap Annual 5 Yr+5.120%(D)	EUR	490	$	587
Credit Bank of Moscow Via CBOM Finance
7.500%, VAR USD Swap Semi 30/360 5 Yr Curr+5.416%, 10/05/2027	$	470		448
Credit Suisse Group
7.500%, VAR USD Swap Semi 30/360 5 Yr Curr+4.600%(A)(D)		410		432
7.250%, VAR US Treas Yield Curve Rate T Note Const Mat 5 Yr+4.332%(A)(D)		200		217
6.250%, VAR USD Swap Semi 30/360 5 Yr Curr+3.455%(A)(D)		200		214
5.250%, VAR US Treas Yield Curve Rate T Note Const Mat 5 Yr+4.889%(A)(D)		1,425		1,428
3.869%, VAR ICE LIBOR USD 3 Month+1.410%, 01/12/2029 (A)		600		670
Credit Suisse Group Funding Guernsey
4.550%, 04/17/2026		802		935
Deutsche Bank
6.000%, VAR US Treas Yield Curve Rate T Note Const Mat 5 Yr+4.524%(D)		400		345
4.500%, 04/01/2025		950		955
Deutsche Bank NY
4.875%, VAR USD ICE Swap 11:00 NY 5 Yr+2.553%, 12/01/2032		1,200		1,143
First Horizon National
4.000%, 05/26/2025		625		680
3.550%, 05/26/2023		650		684
Global Aircraft Leasing
6.500%, 09/15/2024 (A)		2,970		1,656
HSBC Holdings
5.250%, VAR EUR Swap Annual 5 Yr+4.383%(D)	EUR	700		830
4.950%, 03/31/2030	$	226		272
3.803%, VAR ICE LIBOR USD 3 Month+1.211%, 03/11/2025		700		756
1.645%, VAR United States Secured Overnight Financing Rate+1.538%, 04/18/2026		1,000		996
Huarong Finance 2017
4.500%, VAR US Treas Yield Curve Rate T Note Const Mat 5 Yr+7.773%(D)		200		202
Huarong Finance 2017 MTN
4.000%, VAR US Treas Yield Curve Rate T Note Const Mat 5 Yr+6.983%(D)		310		313
Huarong Finance 2019 MTN
3.750%, 05/29/2024		250		261



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

CORPORATE OBLIGATIONS (continued)
Huarong Finance II MTN
5.000%, 11/19/2025	$	210	$	233
4.625%, 06/03/2026		610		665
HUB International
7.000%, 05/01/2026 (A)		435		451
ICICI Bank
5.750%, 11/16/2020		420		422
Intercontinental Exchange
2.100%, 06/15/2030		800		827
Intesa Sanpaolo MTN
5.710%, 01/15/2026 (A)		1,880		2,050
5.017%, 06/26/2024 (A)		300		315
Itau Unibanco Holding
4.625%, VAR US Treas Yield Curve Rate T Note Const Mat 5 Yr+3.222%(A)(D)		1,120		979
JPMorgan Chase
4.125%, 12/15/2026		3,400		3,951
2.956%, VAR United States Secured Overnight Financing Rate+2.515%, 05/13/2031		250		268
Kaisa Group Holdings
8.500%, 06/30/2022		200		196
Lloyds Banking Group
4.947%, VAR EUAMDB05+5.290%(D)	EUR	290		336
Massachusetts Mutual Life Insurance
3.375%, 04/15/2050 (A)	$	100		102
MGIC Investment
5.250%, 08/15/2028		480		495
Morgan Stanley
3.625%, 01/20/2027		900		1,020
Morgan Stanley MTN
3.950%, 04/23/2027		1,100		1,247
2.720%, VAR United States Secured Overnight Financing Rate+1.152%, 07/22/2025		475		505
Nasdaq
3.250%, 04/28/2050		75		78
Nationstar Mortgage Holdings
5.500%, 08/15/2028 (A)		1,754		1,752
Nationwide Building Society
3.960%, VAR ICE LIBOR USD 3 Month+1.855%, 07/18/2030 (A)		450		508
Natwest Group
8.000%, VAR USD Swap Semi 30/360 5 Yr Curr+5.720%(D)		750		833
3.754%, VAR US Treas Yield Curve Rate T Note Const Mat 5 Yr+2.100%, 11/01/2029		225		233
3.498%, VAR ICE LIBOR USD 3 Month+1.480%, 05/15/2023		700		725
2.540%, VAR ICE LIBOR USD 3 Month+2.320%(D)		1,000		949

250

SEI Institutional Managed Trust / Annual Report / September 30, 2020



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

CORPORATE OBLIGATIONS (continued)
Navient
5.000%, 03/15/2027	$	1,100	$	1,033
New York Life Insurance
3.750%, 05/15/2050 (A)		250		282
NFP
6.875%, 08/15/2028 (A)		1,575		1,595
NMI Holdings
7.375%, 06/01/2025 (A)		570		609
OneMain Finance
6.625%, 01/15/2028		900		999
Oversea-Chinese Banking MTN
4.250%, 06/19/2024		800		874
Owl Rock Capital
4.000%, 03/30/2025		600		605
Park Aerospace Holdings
4.500%, 03/15/2023 (A)		170		168
Quicken Loans
3.875%, 03/01/2031 (A)		795		785
Raymond James Financial
4.650%, 04/01/2030		400		487
Refinitiv US Holdings
8.250%, 11/15/2026 (A)		750		821
Sabre GLBL
9.250%, 04/15/2025 (A)		1,043		1,148
UBS Group
7.000%, VAR USD Swap Semi 30/360 5 Yr Curr+4.344%(A)(D)		710		758
7.000%, VAR USSW5YF+4.866%(D)		1,050		1,167
5.750%, VAR EUR Swap Annual 5 Yr+5.287%(D)	EUR	750		915
UniCredit
8.000%, VAR USD Swap Semi 30/360 5 Yr Curr+5.180%(D)	$	1,050		1,116
UniCredit MTN
7.296%, VAR USD ICE Swap 11:00 NY 5 Yr+4.914%, 04/02/2034 (A)		660		759
5.459%, VAR US Treas Yield Curve Rate T Note Const Mat 5 Yr+4.750%, 06/30/2035 (A)		640		652
Wells Fargo
5.875%, VAR ICE LIBOR USD 3 Month+3.990%(D)		525		565
Wells Fargo MTN
4.100%, 06/03/2026		1,575		1,776
Yapi ve Kredi Bankasi MTN
13.875%, VAR USD Swap Semi 30/360 5 Yr Curr+11.245%(D)		480		509
8.250%, 10/15/2024 (A)		500		506
6.100%, 03/16/2023		200		194


				89,168



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

CORPORATE OBLIGATIONS (continued)

Health Care — 3.1%
AbbVie
4.250%, 11/21/2049 (A)	$	1,109	$	1,317
3.600%, 05/14/2025		500		554
3.200%, 11/21/2029 (A)		1,975		2,176
Acadia Healthcare
5.625%, 02/15/2023		1,200		1,208
5.000%, 04/15/2029 (A)		95		96
AdaptHealth
6.125%, 08/01/2028 (A)		1,000		1,035
Air Methods
8.000%, 05/15/2025 (A)		640		502
Bausch Health
5.875%, 05/15/2023 (A)		8		8
5.000%, 01/30/2028 (A)		325		316
Bausch Health Americas
9.250%, 04/01/2026 (A)		400		440
8.500%, 01/31/2027 (A)		1,030		1,132
Bayer US Finance II
4.375%, 12/15/2028 (A)		300		352
4.250%, 12/15/2025 (A)		500		572
Becton Dickinson
4.669%, 06/06/2047		550		679
3.700%, 06/06/2027		690		782
3.363%, 06/06/2024		525		568
2.823%, 05/20/2030		625		674
Cigna
3.400%, 03/15/2050		625		654
CVS Health
5.050%, 03/25/2048		525		670
4.100%, 03/25/2025		325		367
3.750%, 04/01/2030		590		673
DaVita
3.750%, 02/15/2031 (A)		1,760		1,696
DENTSPLY SIRONA
3.250%, 06/01/2030		325		353
DH Europe Finance II Sarl
2.600%, 11/15/2029		175		190
Global Medical Response
6.500%, 10/01/2025 (A)		720		715
HCA
5.625%, 09/01/2028		200		229
Jaguar Holding II
5.000%, 06/15/2028 (A)		1,100		1,148
4.625%, 06/15/2025 (A)		950		979
LifePoint Health
4.375%, 02/15/2027 (A)		440		441
MPH Acquisition Holdings
7.125%, 06/01/2024 (A)		890		914
Polaris Intermediate
8.500%, 12/01/2022 (A)		300		305

SEI Institutional Managed Trust / Annual Report / September 30, 2020

251

SCHEDULE OF INVESTMENTS

September 30, 2020

Multi-Asset Income Fund (Continued)



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

CORPORATE OBLIGATIONS (continued)
Prime Security Services Borrower
6.250%, 01/15/2028 (A)	$	330	$	334
3.375%, 08/31/2027 (A)		835		801
Radiology Partners
9.250%, 02/01/2028 (A)		400		416
Select Medical
6.250%, 08/15/2026 (A)		450		468
Stryker
1.950%, 06/15/2030		825		842
Tenet Healthcare
8.125%, 04/01/2022		1,200		1,334
7.500%, 04/01/2025 (A)		540		581
6.250%, 02/01/2027 (A)		200		207
Teva Pharmaceutical Finance Netherlands III BV
7.125%, 01/31/2025		320		336
US Renal Care
10.625%, 07/15/2027 (A)		40		42
Zimmer Biomet Holdings
3.550%, 03/20/2030		800		896
Zoetis
2.000%, 05/15/2030		1,100		1,133

				29,135


Industrials — 6.7%
AECOM
5.125%, 03/15/2027		950		1,026
AerCap Ireland Capital DAC
6.500%, 07/15/2025		285		308
4.875%, 01/16/2024		400		414
4.625%, 07/01/2022		2,300		2,361
4.500%, 09/15/2023		340		350
3.950%, 02/01/2022		150		152
3.500%, 05/26/2022		150		152
3.300%, 01/23/2023		160		161
Aeropuertos Dominicanos Siglo XXI
6.750%, 03/30/2029 (A)		350		325
Air Canada
7.750%, 04/15/2021 (A)		220		221
Air Lease
3.250%, 03/01/2025		850		865
Air Lease MTN
3.750%, 06/01/2026		600		610
Allison Transmission
5.000%, 10/01/2024 (A)		100		101
American News
8.500%, 09/01/2026 (A)		1,965		2,156
Aviation Capital Group
5.500%, 12/15/2024 (A)		390		402
2.875%, 01/20/2022 (A)		340		337
Avis Budget Car Rental
6.375%, 04/01/2024 (A)		10		10



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

CORPORATE OBLIGATIONS (continued)
Boeing
5.930%, 05/01/2060	$	1,000	$	1,238
5.805%, 05/01/2050		350		423
5.150%, 05/01/2030		150		169
3.450%, 11/01/2028		375		376
3.250%, 03/01/2028		425		422
3.250%, 02/01/2035		110		103
Bombardier
7.500%, 03/15/2025 (A)		350		262
6.125%, 01/15/2023 (A)		1,490		1,274
Builders FirstSource
5.000%, 03/01/2030 (A)		319		330
Canadian Pacific Railway
2.050%, 03/05/2030		200		208
Carrier Global
2.493%, 02/15/2027 (A)		1,100		1,150
2.242%, 02/15/2025 (A)		2,375		2,478
Core & Main Holdings
8.625%, 09/15/2024 (A)		650		655
Cornerstone Building Brands
6.125%, 01/15/2029 (A)		827		838
CoStar Group
2.800%, 07/15/2030 (A)		625		648
Covanta Holding
5.000%, 09/01/2030		310		313
DAE Funding
5.750%, 11/15/2023 (A)		1,530		1,545
Delta Air Lines
7.375%, 01/15/2026		390		409
7.000%, 05/01/2025 (A)		460		505
4.750%, 10/20/2028 (A)		270		280
3.400%, 04/19/2021		60		60
2.900%, 10/28/2024		780		696
DP World MTN
6.850%, 07/02/2037 (A)		100		125
5.625%, 09/25/2048 (A)		750		855
Dun & Bradstreet
6.875%, 08/15/2026 (A)		688		739
GE Capital Funding
4.400%, 05/15/2030 (A)		425		456
GE Capital International Funding Unlimited Co
3.373%, 11/15/2025		400		428
General Electric MTN
6.875%, 01/10/2039		1,270		1,631
3.100%, 01/09/2023		275		289
GFL Environmental
8.500%, 05/01/2027 (A)		849		921
5.125%, 12/15/2026 (A)		175		181
3.750%, 08/01/2025 (A)		1,070		1,076
Husky III Holding
13.000%, 02/15/2025 (A)		600		621

252

SEI Institutional Managed Trust / Annual Report / September 30, 2020



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

CORPORATE OBLIGATIONS (continued)
IAA
5.500%, 06/15/2027 (A)	$	250	$	260
IHS Markit
4.750%, 08/01/2028		700		833
3.625%, 05/01/2024		425		459
IHS Netherlands Holdco BV
7.125%, 03/18/2025		1,000		1,017
KOC Holding
6.500%, 03/11/2025		2,170		2,197
5.250%, 03/15/2023		1,330		1,322
Mexico City Airport Trust
5.500%, 10/31/2046		400		324
5.500%, 07/31/2047		892		728
4.250%, 10/31/2026 (A)		210		186
3.875%, 04/30/2028 (A)		1,190		1,016
MHP Lux
6.950%, 04/03/2026		1,870		1,875
MV24 Capital BV
6.748%, 06/01/2034		2,974		3,002
Northrop Grumman
3.250%, 01/15/2028		1,950		2,191
Otis Worldwide
2.565%, 02/15/2030		1,425		1,531
2.293%, 04/05/2027		225		239
Park-Ohio Industries
6.625%, 04/15/2027		1,230		1,132
Prime Security Services Borrower
5.750%, 04/15/2026 (A)		130		139
RR Donnelley & Sons
8.250%, 07/01/2027		584		590
Spirit Loyalty Cayman
8.000%, 09/20/2025 (A)		790		837
Stanley Black & Decker
4.250%, 11/15/2028		650		790
Swire Pacific Financing MTN
4.500%, 10/09/2023		200		218
Titan Acquisition
7.750%, 04/15/2026 (A)		1,465		1,458
TransDigm
8.000%, 12/15/2025 (A)		630		685
6.500%, 05/15/2025		390		389
6.250%, 03/15/2026 (A)		1,080		1,128
5.500%, 11/15/2027		960		922
Uber Technologies
7.500%, 09/15/2027 (A)		1,200		1,284
6.250%, 01/15/2028 (A)		835		858
United Airlines Holdings
6.000%, 12/01/2020		50		50
United Airlines Pass-Through Trust, Ser 2015- 1, Cl A
3.700%, 12/01/2022		240		225



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

CORPORATE OBLIGATIONS (continued)
United Rentals North America
5.250%, 01/15/2030	$	330	$	360
3.875%, 11/15/2027		260		268
Univar Solutions USA
5.125%, 12/01/2027 (A)		300		308
WESCO Distribution
7.250%, 06/15/2028 (A)		678		743
XPO CNW
6.700%, 05/01/2034		1,084		1,155

				62,374


Information Technology — 3.4%
Amkor Technology
6.625%, 09/15/2027 (A)		400		429
ams
7.000%, 07/31/2025 (A)		777		822
Avaya
6.125%, 09/15/2028 (A)		1,655		1,688
Banff Merger Sub
9.750%, 09/01/2026 (A)		200		211
Black Knight InfoServ
3.625%, 09/01/2028 (A)		1,255		1,268
Booz Allen Hamilton
3.875%, 09/01/2028 (A)		1,158		1,189
Broadcom
4.700%, 04/15/2025		1,100		1,250
4.250%, 04/15/2026		3,525		3,971
3.625%, 10/15/2024		800		872
3.500%, 01/15/2028		53		57
3.125%, 01/15/2025		50		53
Cablevision Lightpath
5.625%, 09/15/2028 (A)		200		203
Castle US Holding
9.500%, 02/15/2028 (A)		839		800
CommScope
8.250%, 03/01/2027 (A)		300		312
7.125%, 07/01/2028 (A)		885		909
CommScope Technologies
5.000%, 03/15/2027 (A)		170		163
Dell International
6.020%, 06/15/2026 (A)		1,600		1,879
5.450%, 06/15/2023 (A)		525		576
EIG Investors
10.875%, 02/01/2024		100		104
EMC
3.375%, 06/01/2023		1,650		1,691
Gartner
3.750%, 10/01/2030 (A)		650		658
Global Payments
3.200%, 08/15/2029		225		245
2.650%, 02/15/2025		400		425

SEI Institutional Managed Trust / Annual Report / September 30, 2020

253

SCHEDULE OF INVESTMENTS

September 30, 2020

Multi-Asset Income Fund (Continued)



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

CORPORATE OBLIGATIONS (continued)
Go Daddy Operating
5.250%, 12/01/2027 (A)	$	260	$	271
Hewlett Packard Enterprise
4.900%, 10/15/2025		1,865		2,134
4.650%, 10/01/2024		500		565
4.450%, 10/02/2023		875		962
Intuit
1.650%, 07/15/2030		125		127
KBR
4.750%, 09/30/2028 (A)		537		540
Lam Research
1.900%, 06/15/2030		300		311
Microchip Technology
2.670%, 09/01/2023 (A)		1,125		1,164
NXP BV
3.400%, 05/01/2030 (A)		225		246
ON Semiconductor
3.875%, 09/01/2028 (A)		200		203
Open Text Holdings
4.125%, 02/15/2030 (A)		3		3
Oracle
3.600%, 04/01/2050		609		687
Prosus
4.850%, 07/06/2027 (A)		740		842
3.680%, 01/21/2030 (A)		250		270
Prosus MTN
4.027%, 08/03/2050 (A)		560		572
Solera
10.500%, 03/01/2024 (A)		1,480		1,547
Sunny Express Enterprises
3.350%, VAR US Treas Yield Curve Rate T Note Const Mat 3 Yr+4.762%(D)		200		203
Switch
3.750%, 09/15/2028 (A)		450		455
Visa
2.700%, 04/15/2040		200		216
Xerox Holdings
5.000%, 08/15/2025 (A)		490		484

				31,577

Materials — 2.3%
Anglo American Capital
5.625%, 04/01/2030 (A)		500		614
ArcelorMittal
3.600%, 07/16/2024		20		21
ARD Finance
6.500%, 06/30/2027 (A)		210		209
Axalta Coating Systems
4.750%, 06/15/2027 (A)		564		577
Berry Global
5.625%, 07/15/2027 (A)		550		577



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

CORPORATE OBLIGATIONS (continued)
Braskem Netherlands Finance BV
4.500%, 01/10/2028 (A)	$	970	$	934
Cemex
7.375%, 06/05/2027 (A)		1,010		1,091
Cleveland-Cliffs
5.750%, 03/01/2025		550		510
Element Solutions
3.875%, 09/01/2028 (A)		303		297
First Quantum Minerals
7.250%, 04/01/2023 (A)		1,000		999
6.875%, 10/15/2027 (A)		1,760		1,696
Freeport-McMoRan
5.450%, 03/15/2043		1,000		1,109
Glencore Funding
4.125%, 03/12/2024 (A)		400		433
Hudbay Minerals
7.625%, 01/15/2025 (A)		450		458
Huntsman International
4.500%, 05/01/2029		375		422
Kraton Polymers
7.000%, 04/15/2025 (A)		1,000		1,020
LABL Escrow Issuer
6.750%, 07/15/2026 (A)		950		1,002
Metinvest BV
7.750%, 04/23/2023 (A)		375		382
Newcrest Finance Pty
3.250%, 05/13/2030 (A)		150		164
Northwest Acquisitions ULC
7.125%, 11/01/2022 (A)(C)		960		15
Nouryon Holding BV
8.000%, 10/01/2026 (A)		650		688
Novelis
4.750%, 01/30/2030 (A)		800		786
OCI
5.250%, 11/01/2024 (A)		325		335
Owens-Brockway Glass Container
6.625%, 05/13/2027 (A)		267		289
Reynolds Group
7.000%, 07/15/2024 (A)		85		87
Samarco Mineracao
5.750%, 10/24/2023 (C)(F)		200		108
4.125%, 11/01/2022 (C)		200		106
SASOL Financing USA
5.875%, 03/27/2024		1,080		1,039
Sealed Air
6.875%, 07/15/2033 (A)		411		527
Steel Dynamics
2.400%, 06/15/2025		140		146
Summit Materials
5.250%, 01/15/2029 (A)		823		857
Suzano Austria GmbH
6.000%, 01/15/2029		530		604

254

SEI Institutional Managed Trust / Annual Report / September 30, 2020



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

CORPORATE OBLIGATIONS (continued)
5.750%, 07/14/2026	$	400	$	457
Syngenta Finance MTN
1.250%, 09/10/2027	EUR	200		225
Teck Resources
3.900%, 07/15/2030 (A)	$	250		262
Vale Overseas
6.250%, 08/10/2026		880		1,041
WR Grace & -Conn
4.875%, 06/15/2027 (A)		1,879		1,940

				22,027


Real Estate — 1.4%
Agree
2.900%, 10/01/2030		175		181
Alexandria Real Estate Equities
3.375%, 08/15/2031		375		423
American Tower
3.950%, 03/15/2029		300		345
CoreCivic
4.625%, 05/01/2023		280		266
Crown Castle International Corp
4.150%, 07/01/2050		100		114
CyrusOne
1.450%, 01/22/2027	EUR	380		442
Diversified Healthcare Trust
9.750%, 06/15/2025	$	470		523
Duke Realty
1.750%, 07/01/2030		300		299
Essex Portfolio
3.000%, 01/15/2030		400		430
Five Point Operating
7.875%, 11/15/2025 (A)		940		940
Howard Hughes
5.375%, 08/01/2028 (A)		683		683
MPT Operating Partnership
5.000%, 10/15/2027		673		702
3.692%, 06/05/2028	GBP	544		707
Realogy Group
9.375%, 04/01/2027 (A)	$	1,410		1,460
7.625%, 06/15/2025 (A)		646		677
Service Properties Trust
7.500%, 09/15/2025		287		305
4.950%, 10/01/2029		609		522
4.750%, 10/01/2026		1,011		899
Spirit Realty
3.200%, 01/15/2027		600		608
VEREIT Operating Partnership
4.875%, 06/01/2026		1,000		1,115
VICI Properties
4.125%, 08/15/2030 (A)		460		452



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

CORPORATE OBLIGATIONS (continued)
WP Carey
4.250%, 10/01/2026	$	700	$	790

				12,883


Utilities — 1.3%
Alliant Energy Finance
4.250%, 06/15/2028 (A)		125		145
3.750%, 06/15/2023 (A)		325		349
American Electric Power
2.300%, 03/01/2030		300		308
AmeriGas Partners
5.875%, 08/20/2026		75		82
East Ohio Gas
3.000%, 06/15/2050 (A)		175		178
Eskom Holdings SOC MTN
6.750%, 08/06/2023		230		212
6.350%, 08/10/2028		500		502
FirstEnergy
2.650%, 03/01/2030		800		811
2.250%, 09/01/2030		325		318
Greenko Investment
4.875%, 08/16/2023 (A)		410		408
NiSource
3.600%, 05/01/2030		75		86
NRG Energy
7.250%, 05/15/2026		1,070		1,139
5.750%, 01/15/2028		40		43
Pattern Energy Operations
4.500%, 08/15/2028 (A)		1,050		1,089
Pike
5.500%, 09/01/2028 (A)		1,965		1,977
Sempra Energy
3.400%, 02/01/2028		1,075		1,182
Southern California Edison
4.200%, 03/01/2029		450		515
Suburban Propane Partners
5.500%, 06/01/2024		250		253
Talen Energy Supply
10.500%, 01/15/2026 (A)		540		410
TransAlta
6.500%, 03/15/2040		650		669
Vistra Operations
3.550%, 07/15/2024 (A)		1,200		1,278

				11,954


Total Corporate Obligations (Cost $440,625) ($ Thousands)				445,734


SOVEREIGN DEBT — 11.9%

Abu Dhabi Government International Bond
4.125%, 10/11/2047 (A)		380		478

SEI Institutional Managed Trust / Annual Report / September 30, 2020

255

SCHEDULE OF INVESTMENTS

September 30, 2020

Multi-Asset Income Fund (Continued)



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

SOVEREIGN DEBT (continued)
3.875%, 04/16/2050 (A)	$	1,630	$	1,988
2.125%, 09/30/2024 (A)		400		418
Angolan Government International Bond
9.375%, 05/08/2048		200		156
9.125%, 11/26/2049 (A)		1,170		909
8.000%, 11/26/2029 (A)		420		332
Argentina Treasury Bond BONCER
2.500%, 07/22/2021 (F)	ARS	–		–
Argentine Republic Government International Bond
1.000%, 07/09/2029	$	262		119
0.500%, 07/09/2029	EUR	6		3
0.125%, 0.500%, 07/09/2021, 07/09/2030 (G)	$	3,924		1,655
0.125%, 1.125%, 07/09/2021, 07/09/2035 (G)		2,305		867
0.125%, 2.500%, 07/09/2021, 07/09/2041 (G)		1,310		520
Armenia Government International Bond
3.950%, 09/26/2029 (A)		290		281
Azerbaijan Government International Bond
3.500%, 09/01/2032		1,360		1,306
Bahrain Government International Bond
7.375%, 05/14/2030 (A)		1,610		1,762
Banque Centrale de Tunisie International Bond
6.750%, 10/31/2023 (A)	EUR	440		486
Belize Government International Bond
4.938%, 02/20/2034	$	165		72
Bonos de la Nacion Argentina con Ajuste por CER
4.000%, 03/06/2020 (F)	ARS	–		–
Brazil Minas SPE via State of Minas Gerais
5.333%, 02/15/2028	$	160		164
Brazil Notas do Tesouro Nacional
10.000%, 01/01/2029	BRL	1,400		287
Brazil Notas do Tesouro Nacional, Ser F
10.000%, 01/01/2027		12,791		2,580
BRF
4.875%, 01/24/2030	$	1,140		1,170
CBB International Sukuk Programme SPC
6.250%, 11/14/2024 (A)		300		322
Colombia Government International Bond
4.125%, 05/15/2051		630		657
3.125%, 04/15/2031		730		749
3.000%, 01/30/2030		200		204
Dominican Republic International Bond
7.450%, 04/30/2044		600		675
6.850%, 01/27/2045		660		695
6.500%, 02/15/2048 (A)		1,270		1,285
6.400%, 06/05/2049 (A)		660		662
6.000%, 07/19/2028 (A)		1,300		1,398



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

SOVEREIGN DEBT (continued)
4.500%, 01/30/2030	$	550	$	540
DP World MTN
5.625%, 09/25/2048		200		228
Eastern & Southern African Trade & Development Bank MTN
5.375%, 03/14/2022		210		212
Ecuador Government International Bond
0.500%, 5.000%, 07/31/2021, 07/31/2030 (A)(G)		982		663
0.500%, 1.000%, 07/31/2021, 07/31/2035 (A)(G)		2,511		1,387
0.500%, 0.500%, 07/31/2021, 07/31/2040 (A)(G)		1,128		562
0.000%, 07/31/2030 (A)(L)		329		153
Egypt Government International Bond
8.875%, 05/29/2050 (A)		710		703
8.700%, 03/01/2049 (A)		520		506
8.500%, 01/31/2047		650		628
7.903%, 02/21/2048 (A)		360		332
7.625%, 05/29/2032 (A)		480		469
7.600%, 03/01/2029 (A)		510		522
6.375%, 04/11/2031 (A)	EUR	330		359
5.625%, 04/16/2030		1,560		1,653
4.750%, 04/11/2025		100		114
4.750%, 04/16/2026		680		758
Finance Department Government of Sharjah MTN
4.000%, 07/28/2050 (A)	$	1,810		1,851
Ghana Government International Bond
10.750%, 10/14/2030		210		254
8.627%, 06/16/2049		850		714
8.125%, 01/18/2026		500		499
8.125%, 03/26/2032 (A)		950		831
7.625%, 05/16/2029		600		541
Guatemala Government Bond
6.125%, 06/01/2050 (A)		530		632
5.750%, 06/06/2022		500		526
4.900%, 06/01/2030 (A)		280		310
4.875%, 02/13/2028		790		870
4.500%, 05/03/2026 (A)		770		825
4.375%, 06/05/2027 (A)		790		845
Hazine Mustesarligi Varlik Kiralama
5.004%, 04/06/2023 (A)		860		838
Honduras Government International Bond
7.500%, 03/15/2024		660		718
Indonesia Government International Bond
5.250%, 01/17/2042		1,000		1,264
3.850%, 10/15/2030		200		227
3.500%, 01/11/2028		880		962
2.850%, 02/14/2030		900		945
0.900%, 02/14/2027	EUR	180		206

256

SEI Institutional Managed Trust / Annual Report / September 30, 2020



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

SOVEREIGN DEBT (continued)
Indonesia Treasury Bond
7.000%, 05/15/2027	IDR	6,424,000	$	6,674
Iraq Government International Bond
5.800%, 01/15/2028	$	263		234
Israel Government International Bond
3.875%, 07/03/2050		290		348
2.750%, 07/03/2030		460		508
Ivory Coast Government International Bond
6.625%, 03/22/2048	EUR	420		415
6.125%, 06/15/2033	$	650		607
5.750%, 12/31/2032		257		238
5.250%, 03/22/2030	EUR	390		413
Jamaica Government International Bond
7.875%, 07/28/2045	$	740		936
Kazakhstan Government International Bond MTN
5.125%, 07/21/2025		720		833
Kenya Government International Bond
8.250%, 02/28/2048 (A)		260		249
8.000%, 05/22/2032 (A)		910		897
7.000%, 05/22/2027 (A)		250		245
Kuwait International Government Bond
3.500%, 03/20/2027 (A)		1,160		1,305
Lebanon Government International Bond
8.250%, 05/17/2034 (C)		40		6
8.200%, 05/17/2033 (C)		50		8
7.150%, 11/20/2031 (C)		50		8
7.050%, 11/02/2035 (C)		110		17
7.000%, 03/20/2028 (C)		40		6
6.850%, 03/23/2027 (C)		100		16
6.850%, 05/25/2029 (C)		721		112
6.750%, 11/29/2027 (C)		410		64
6.650%, 04/22/2024 (C)		170		27
6.650%, 11/03/2028 (C)		130		20
6.650%, 02/26/2030 (C)		872		134
6.600%, 11/27/2026 (C)		40		6
6.200%, 02/26/2025 (C)		860		135
Mexican Bonos
8.500%, 05/31/2029	MXN	9,520		510
6.500%, 06/09/2022		5,740		269
Mexico Government International Bond
4.750%, 03/08/2044	$	440		480
4.500%, 01/31/2050		450		476
3.600%, 01/30/2025		1,000		1,077
Mongolia Government International Bond
5.625%, 05/01/2023		200		205
Morocco Government International Bond
1.500%, 11/27/2031 (A)	EUR	290		320
Mozambique International Bond
5.000%, 09/15/2031	$	220		178
Nigeria Government International Bond
8.747%, 01/21/2031		1,720		1,755



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

SOVEREIGN DEBT (continued)
7.696%, 02/23/2038 (A)	$	690	$	622
Pakistan Government International Bond
8.250%, 09/30/2025		370		393
6.875%, 12/05/2027		200		199
Panama Government International Bond
4.500%, 04/01/2056		300		376
Papua New Guinea Government International Bond
8.375%, 10/04/2028 (A)		290		290
Paraguay Government International Bond
6.100%, 08/11/2044		700		905
5.600%, 03/13/2048		560		688
5.400%, 03/30/2050 (A)		320		388
5.000%, 04/15/2026 (A)		440		501
4.700%, 03/27/2027 (A)		570		646
Perusahaan Penerbit SBSN Indonesia III
4.550%, 03/29/2026 (A)		530		609
4.450%, 02/20/2029 (A)		330		381
Peruvian Government International Bond
2.783%, 01/23/2031		480		519
Provincia de Buenos Aires
10.875%, 01/26/2021 (C)		63		26
9.950%, 06/09/2021 (A)(C)		3,100		1,224
9.125%, 03/16/2024 (A)(C)		550		217
7.875%, 06/15/2027 (A)(C)		400		156
6.500%, 02/15/2023 (A)(C)		2,240		874
Provincia de Cordoba
7.450%, 09/01/2024 (A)		520		307
Qatar Government International Bond
5.103%, 04/23/2048 (A)		1,690		2,348
4.817%, 03/14/2049 (A)		1,130		1,521
4.625%, 06/02/2046		280		367
4.400%, 04/16/2050 (A)		450		579
3.750%, 04/16/2030 (A)		200		232
Republic of Belarus International Bond
6.875%, 02/28/2023		260		252
6.200%, 02/28/2030		200		186
Romanian Government International Bond
5.125%, 06/15/2048 (A)		200		244
3.375%, 01/28/2050	EUR	230		275
2.875%, 05/26/2028		650		830
2.875%, 03/11/2029		1,490		1,901
2.124%, 07/16/2031 (A)		250		292
2.000%, 12/08/2026 (A)		590		718
2.000%, 01/28/2032 (A)		110		127
Russian Federal Bond - OFZ
7.050%, 01/19/2028	RUB	434,240		5,955
Russian Foreign Bond - Eurobond
5.250%, 06/23/2047	$	200		265
5.100%, 03/28/2035 (A)		200		245
4.375%, 03/21/2029 (A)		800		918

SEI Institutional Managed Trust / Annual Report / September 30, 2020

257

SCHEDULE OF INVESTMENTS

September 30, 2020

Multi-Asset Income Fund (Continued)



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

SOVEREIGN DEBT (continued)
Saudi Government International Bond MTN
4.500%, 04/22/2060 (A)	$	1,070	$	1,327
3.750%, 01/21/2055 (A)		220		238
3.250%, 10/22/2030 (A)		430		467
Senegal Government International Bond
4.750%, 03/13/2028 (A)	EUR	740		837
Serbia International Bond
1.500%, 06/26/2029 (A)		500		566
South Africa Government International Bond
5.650%, 09/27/2047	$	950		804
4.850%, 09/27/2027		890		877
4.665%, 01/17/2024		1,170		1,198
4.300%, 10/12/2028		200		186
Sri Lanka Government International Bond
7.550%, 03/28/2030 (A)		910		614
6.850%, 03/14/2024 (A)		720		526
6.850%, 11/03/2025		570		399
6.825%, 07/18/2026 (A)		250		174
6.750%, 04/18/2028 (A)		660		445
6.200%, 05/11/2027 (A)		380		256
Third Pakistan International Sukuk
5.625%, 12/05/2022		630		628
Turkey Government International Bond
7.625%, 04/26/2029		560		576
7.375%, 02/05/2025		30		31
6.875%, 03/17/2036		60		56
6.000%, 01/14/2041		1,980		1,640
5.200%, 02/16/2026	EUR	260		300
4.250%, 03/13/2025	$	410		377
4.250%, 04/14/2026		530		477
Ukraine Government International Bond
9.750%, 11/01/2028 (A)		640		691
8.994%, 02/01/2024		670		698
7.750%, 09/01/2022		450		461
7.750%, 09/01/2023		910		924
7.750%, 09/01/2024		230		231
7.750%, 09/01/2027		250		247
7.375%, 09/25/2032 (A)		200		188
7.253%, 03/15/2033 (A)		420		386
0.000%, 05/31/2040 (E)(H)(L)		1,212		1,101
Uzbekistan Government International Bond MTN
4.750%, 02/20/2024 (A)		340		357
Zambia Government International Bond
5.375%, 09/20/2022		760		377


Total Sovereign Debt (Cost $114,460) ($ Thousands)				110,814



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

LOAN PARTICIPATIONS — 11.2%
Academy, LTD., Initial Term Loan, 1st Lien
5.000%, VAR LIBOR+4.000%, 07/01/2022	$	1,553	$	1,515
ACProducts, Inc., Initial Term Loan, 1st Lien
7.500%, VAR LIBOR+6.500%, 08/18/2025		504		504
Acrisure, LLC, 2020 Term Loan, 1st Lien
3.647%, VAR LIBOR+3.500%, 02/15/2027		368		355
Advantage Sales & Marketing Inc., Initial Term Loan, 1st Lien
3.397%, VAR LIBOR+3.250%, 07/23/2021		826		811
Allen Media, Term Loan, 1st Lien
5.720%, VAR LIBOR+5.500%, 02/10/2027		986		954
Allied Universal Holdco LLC (f/k/a USAGM Holdco, LLC), Initial Term Loan, 1st Lien
4.397%, VAR LIBOR+4.250%, 07/10/2026		1,287		1,272
Alterra Mountain Company, Additional Term Loan, 1st Lien
5.500%, VAR LIBOR+4.500%, 08/01/2026		557		550
Alterra Mountain Company, Initial Bluebird Term Loan, 1st Lien
2.897%, VAR LIBOR+2.750%, 07/31/2024		556		536
AMC Entertainment Holdings, Inc. (fka AMC Entertainment Inc.), Term B-1 Loan, 1st Lien
3.220%, VAR LIBOR+3.000%, 04/22/2026		1,357		866
Amentum Government Services Holdings LLC, Initial Term Loan, 1st Lien
3.647%, VAR LIBOR+3.500%, 01/29/2027		549		540
American Axle & Manufacturing, Inc., Tranche B Term Loan, 1st Lien
3.000%, VAR LIBOR+2.250%, 04/06/2024		400		381
American Renal Holdings Inc., Term B Loan, 1st Lien
5.147%, VAR LIBOR+5.000%, 06/21/2024		912		878
AmeriLife Holdings LLC, Delayed Draw A Term Loan, 1st Lien
4.000%, VAR LIBOR+4.000%, 03/18/2027		10		10
AmeriLife Holdings LLC, Initial Term Loan, 1st Lien
4.155%, VAR LIBOR+4.000%, 03/18/2027		141		139

258

SEI Institutional Managed Trust / Annual Report / September 30, 2020



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

LOAN PARTICIPATIONS (continued)
APi Group DE, Inc., Initial Term Loan, 1st Lien
2.647%, VAR LIBOR+2.500%, 10/01/2026	$	834	$	815
Applovin Corporation, Amendment No. 3 New Term Loan, 1st Lien
4.000%, VAR LIBOR+4.000%, 08/15/2025		169		166
Applovin Corporation, Initial Term Loan, 1st Lien
3.647%, VAR LIBOR+3.500%, 08/15/2025		502		495
Aristocrat Leisure Limited, Initial Term Loan, 1st Lien
4.750%, VAR LIBOR+3.750%, 10/19/2024		489		486
Asplundh Tree Expert, LLC, Initial Term Loan, 1st Lien
2.655%, VAR LIBOR+2.500%, 08/19/2027 (I)		270		270
Asurion, LLC (fka Asurion Corporation), Amendment No. 14 Replacement B-4 Term Loan, 1st Lien
3.147%, VAR LIBOR+3.000%, 08/04/2022		810		799
Asurion, LLC (fka Asurion Corporation), New B-7 Term Loan, 1st Lien
3.147%, VAR LIBOR+3.000%, 11/03/2024		729		716
Asurion, LLC (fka Asurion Corporation), Second Lien Replacement B-2 Term Loan, 2nd Lien
6.647%, VAR LIBOR+6.500%, 08/04/2025		357		357
athenahealth, Inc., Term B Loan, 1st Lien
4.750%, VAR LIBOR+4.500%, 02/11/2026		926		910
Bass Pro Group, Term Loan B
5.750%, VAR LIBOR+5.000%, 09/25/2024		256		253
Bausch Health Companies Inc., Initial Term Loan, 1st Lien
3.151%, VAR LIBOR+3.000%, 06/02/2025		157		154
Berry Global, Inc. (fka Berry Plastics Corporation), Term W Loan, 1st Lien
2.156%, VAR LIBOR+2.000%, 10/01/2022		806		799
Blackstone CQP Holdco LP, Initial Term Loan, 1st Lien
3.725%, VAR LIBOR+3.500%, 09/30/2024		988		965
Boeing Company, Term Loan, 1st Loan
1.520%, 02/07/2022 (I)		1,552		1,498



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

LOAN PARTICIPATIONS (continued)
1.500%, 02/07/2022	$	398	$	384
Boyd Gaming Corporation, Refinancing Term B Loan, 1st Lien
2.356%, VAR LIBOR+2.250%, 09/15/2023 (I)		774		752
Brookfield WEC Holdings Inc., Initial Term Loan (2020), 1st Lien
3.750%, VAR LIBOR+3.000%, 08/01/2025		1,128		1,098
BWay Holding Company , Initial Term Loan, 1st Lien
3.523%, VAR LIBOR+3.250%, 04/03/2024		933		874
Caesars Resort Collection, LLC, Term B Loan, 1st Lien
2.897%, VAR LIBOR+2.750%, 12/23/2024		955		893
Caesars Resort Collection, LLC, Term B-1 Loan, 1st Lien
4.772%, VAR LIBOR+4.500%, 07/21/2025		263		254
4.647%, VAR LIBOR+4.500%, 07/21/2025		527		509
Castle US Holding Corporation, Initial Dollar Term Loan, 1st Lien
3.970%, VAR LIBOR+3.750%, 01/29/2027		368		353
Change Healthcare Holdings, Inc. (fka Emdeon Inc.), Closing Date Term Loan, 1st Lien
3.500%, VAR LIBOR+2.500%, 03/01/2024		799		781
3.500%, VAR LIBOR+2.500%, 03/01/2024		22		21
Charter Communications Operating, LLC, Term B-2 Loan, 1st Lien
1.900%, VAR LIBOR+1.750%, 02/01/2027		634		618
Charter NEX US, Inc., Initial Term Loan, 1st Lien
3.750%, VAR LIBOR+2.750%, 05/16/2024		922		898
Chesapeake Energy Corporation, Class A Term Loan, 1st Lien
9.000%, VAR LIBOR+8.000%, 06/24/2024 (C)		1,260		882
Cinemark USA, Term Loan, 1st Lien
0.000%, 03/31/2025 (I)		160		143
Citadel Securities LP, 2020 Repriced Term Loan, 1st Lien
2.897%, VAR LIBOR+2.750%, 02/27/2026 (I)		1,010		1,003

SEI Institutional Managed Trust / Annual Report / September 30, 2020

259

SCHEDULE OF INVESTMENTS

September 30, 2020

Multi-Asset Income Fund (Continued)



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

LOAN PARTICIPATIONS (continued)
Clarios Global LP, Initial Dollar Term Loan, 1st Lien
3.647%, VAR LIBOR+3.500%, 04/30/2026	$	861	$	838
Commscope, Inc., Initial Term Loan, 1st Lien
3.397%, VAR LIBOR+3.250%, 04/06/2026		950		924
Conservice Midco, LLC, Initial Term Loan, 1st Lien
4.470%, VAR LIBOR+4.250%, 05/13/2027		1,675		1,654
Consolidated Communications, Term Loan B
4.000%, VAR LIBOR+3.000%, 10/05/2023		933		922
CoreCivic, Inc., Term Loan, 1st Lien
5.500%, VAR LIBOR+4.500%, 12/18/2024		366		358
Crosby US Acquisition Corp., Initial Term Loan, 1st Lien
4.906%, VAR LIBOR+4.750%, 06/26/2026		1,012		960
Crown Finance US, Inc., Initial Dollar Tranche Term Loan, 1st Lien
2.519%, VAR LIBOR+2.500%, 02/28/2025		598		395
CWGS Group, LLC, Term Loan, 1st Lien
3.500%, VAR LIBOR+2.750%, 11/08/2023		1,234		1,199
3.500%, VAR LIBOR+2.750%, 11/08/2023		19		18
DCert Buyer, Inc., Initial Term Loan, 1st Lien
4.147%, VAR LIBOR+4.000%, 10/16/2026		1,990		1,962
Deerfield Dakota Holding, LLC , Initial Dollar Term Loan, 1st Lien
4.750%, VAR LIBOR+3.750%, 04/09/2027		249		247
Deerfield, Term Loan, 1st Lien
9.000%, VAR LIBOR+8.000%, 04/10/2028		840		853
Delta Air Lines, Inc., Term Loan, 1st Lien
5.750%, VAR LIBOR+4.750%, 04/29/2023 (I)		1,297		1,294
Douglas Dynamics L.L.C., 2020 Term B Loan, 1st Lien
4.750%, VAR LIBOR+3.750%, 06/08/2026		120		118
Elanco Animal Health Incorporated, Term Loan, 1st Lien
1.905%, VAR LIBOR+1.750%, 08/01/2027		400		389



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

LOAN PARTICIPATIONS (continued)
Endo Luxembourg Finance Company I S.a r.l., Initial Term Loan, 1st Lien
5.000%, VAR LIBOR+4.250%, 04/29/2024	$	278	$	264
Entercom Media Corp., Term B-2 Loan, 1st Lien
2.645%, VAR LIBOR+2.500%, 11/18/2024		392		368
Envision Healthcare Corporation, Initial Term Loan, 1st Lien
3.897%, VAR LIBOR+3.750%, 10/10/2025		844		607
Equinox Holdings Inc., Incremental Term B-1 Loan, 1st Lien
4.000%, VAR LIBOR+3.000%, 03/08/2024		306		234
Equinox Holdings Inc., Incremental Term B-2 Loan, 1st Lien
10.000%, 03/08/2024		249		246
EyeCare Partners, LLC, Term Loan, 1st Lien
3.897%, VAR LIBOR+3.750%, 02/18/2027		621		583
EyeCare Partners, Term Loan, 1st Lien Cov-Lite
8.400%, VAR LIBOR+8.250%, 02/18/2028		550		484
Flutter Entertainment plc, USD Term Loan, 1st Lien
3.720%, VAR LIBOR+3.500%, 07/10/2025		311		310
Focus Financial Partnersm LLC, Tranche B-3, Term Loan, 1st Lien
2.147%, VAR LIBOR+2.000%, 07/03/2024		1,029		998
Froneri International Limited, Facility B1, 1st Lien
2.625%, VAR Euribor+2.625%, 01/29/2027		330		376
Froneri International Limited, Facility B2, 1st Lien
2.397%, VAR LIBOR+2.250%, 01/29/2027		140		134
Gannett Holdings LLC, Term Loan, 1st Lien
11.500%, VAR FIXED+11.500%, 11/19/2024		830		788
Garda World Security Corporation, Initial Term Loan, 1st Lien
4.900%, VAR LIBOR+4.750%, 10/30/2026		1,189		1,179
Genesee & Wyoming Inc., Initial Term Loan, 1st Lien
2.220%, VAR LIBOR+2.000%, 12/30/2026		657		645

260

SEI Institutional Managed Trust / Annual Report / September 30, 2020



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

LOAN PARTICIPATIONS (continued)
Getty Images, Inc., Initial Dollar Term Loan, 1st Lien
4.688%, VAR LIBOR+4.500%, 02/19/2026	$	559	$	520
GFL Environmental Inc., Effective Date Incremental Term Loan, 1st Lien
4.000%, VAR LIBOR+3.000%, 05/30/2025		525		522
4.000%, VAR LIBOR+3.000%, 05/30/2025		94		94
Global Medical Response, Inc., 2018 New Term Loan, 1st Lien
5.250%, VAR LIBOR+4.250%, 03/14/2025		933		902
Global Medical Response, Inc., 2018 Term Loan Retired 10/02/2020, 1st Lien
4.250%, VAR LIBOR+3.250%, 04/28/2022		780		777
Global Medical Response, Inc., 2020 Refinancing Term Loan
5.750%, VAR LIBOR+4.750%, 09/24/2025 (I)		490		478
Global Tel*Link Corporation, Loan, 1st Lien
8.397%, VAR LIBOR+4.250%, 11/29/2026		110		75
Global Tel*Link Corporation, Term Loan, 1st Lien
4.397%, VAR LIBOR+0.040%, 11/29/2025		582		503
Globallogic Holdings Inc., 2020 Incremental Term B-2 Loan
4.500%, VAR LIBOR+3.750%, 08/23/2027		950		941
Globaltranz Enterprises, Inc., Initial Term Loan, 1st Lien
5.156%, VAR LIBOR+1.500%, 05/15/2026		526		431
Golden Nugget, Inc., Initial B Term Loan, 1st Lien
3.250%, VAR LIBOR+2.750%, 10/04/2023		61		54
Graham Packaging Company Inc., Initial Term Loan, 1st Lien
4.500%, VAR LIBOR+3.750%, 08/04/2027		590		586
Grifols Worldwide Operations Limited, Dollar Tranche B Term Loan, 1st Lien
2.100%, VAR LIBOR+2.000%, 11/15/2027		466		456
Hilton Worldwide Finance LLC, Refinanced Series B-2 Term Loan, 1st Lien
1.898%, VAR LIBOR+1.750%, 06/22/2026		410		395



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

LOAN PARTICIPATIONS (continued)
Hoya Midco, LLC, Initial Term Loan, 1st Lien
4.500%, VAR LIBOR+3.500%, 06/30/2024	$	763	$	652
4.500%, VAR LIBOR+3.500%, 06/30/2024		170		146
Hudson River Trading LLC, 2020 Repriced Term Loan, 1st Lien
3.145%, VAR LIBOR+3.000%, 02/18/2027		449		438
iHeartCommunications, Inc. (fka Clear Channel Communications, Inc.), New Term Loan, 1st Lien
3.147%, VAR LIBOR+3.000%, 05/01/2026		304		287
IHeartcommunications, Inc., Term Loan
4.750%, 05/01/2026		319		307
INEOS Enterprises Holdings Limited, Refinancing Tranche B Dollar Term Loan, 1st Lien
4.500%, VAR LIBOR+3.500%, 08/28/2026		692		686
IRB Holding Corp., 2020 Replacement Term B Loan, 1st Lien
3.750%, VAR LIBOR+2.750%, 02/05/2025		119		114
Jaguar Holding Company I, LLC (fka Jaguar Holding Company I), 2018 Term Loan, 1st Lien
3.500%, VAR LIBOR+2.500%, 08/18/2022		926		921
Jane Street Group, LLC, New Dollar Term Loan, 1st Lien
3.147%, VAR LIBOR+3.000%, 01/31/2025		749		741
JetBlue Airways Corporation, Term Loan, 1st Lien
6.250%, VAR LIBOR+5.250%, 06/17/2024		909		901
Level 3 Financing, Inc., Tranche B 2027 Term Loan, 1st Lien
1.897%, VAR LIBOR+1.750%, 03/01/2027		358		346
Lineage Logistics, LLC, Term Loan, 1st Lien
4.000%, VAR LIBOR+3.000%, 02/27/2025		390		384
Lions Gate Capital Holdings LLC, Term B Loan, 1st Lien
2.397%, VAR LIBOR+2.250%, 03/24/2025		153		148
McAfee, LLC, Term B USD Loan
3.896%, VAR LIBOR+3.750%, 09/30/2024		851		843

SEI Institutional Managed Trust / Annual Report / September 30, 2020

261

SCHEDULE OF INVESTMENTS

September 30, 2020

Multi-Asset Income Fund (Continued)



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 (J)	$	300	$	232
McGraw-Hill Global Education Holdings, LLC, Term B Loan, 1st Lien
5.000%, VAR LIBOR+4.000%, 05/04/2022		477		398
Michaels Stores, Inc., 2018 New Replacement Term B Loan, 1st Lien
4.250%, VAR LIBOR+2.500%, 01/30/2023		1,352		1,344
Michaels Stores, Inc., 2020 Refinancing Term B Loan
4.250%, VAR LIBOR+3.500%, 09/17/2027 (I)		60		59
Milano Acquisition Corp., Term B Loan (First Lien)
4.750%, VAR LIBOR+4.000%, 08/17/2027 (I)		1,200		1,185
Mileage Plus Holdings LLC (Mileage Plus Intellectual Property Assets, Ltd.), Initial Term Loan, 1st Lien
6.250%, VAR LIBOR+5.250%, 06/21/2027		740		752
Mitchell International, Inc., Amendment No. 2 New Term Loan Facility, 1st Lien
4.750%, VAR LIBOR+4.250%, 11/29/2024		625		612
Mitchell International, Inc., Initial Term Loan, 1st Lien
3.397%, VAR LIBOR+3.250%, 11/29/2024		982		937
Mohegan Tribal Gaming Authority, Term B Loan, 1st Lien
7.375%, VAR LIBOR+6.375%, 10/13/2023		1,199		1,065
Momentive Performance Materials Inc., Initial Dollar Term Loan, 1st Lien
3.410%, VAR LIBOR+3.250%, 05/15/2024		652		623
MPH Acquisition Holdings LLC, Initial Term Loan, 1st Lien
3.750%, VAR LIBOR+2.750%, 06/07/2023		822		808
Navistar, Inc., Tranche B Term Loan, 1st Lien
3.660%, VAR LIBOR+3.500%, 11/06/2024		536		531
Nexstar Broadcasting, Inc., Term B-4 Loan, 1st Lien
2.905%, VAR LIBOR+2.750%, 09/18/2026		896		875



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

LOAN PARTICIPATIONS (continued)
Nielsen Finance LLC, Dollar Term B-5 Loan, 1st Lien
4.750%, VAR LIBOR+3.750%, 06/04/2025 (I)	$	100	$	100
Nouryon Finance B.V., Initial Dollar Term Loan, 1st Lien
3.151%, VAR LIBOR+3.000%, 10/01/2025		1,535		1,484
Option Care Health, Inc., Term B Loan, 1st Lien
4.647%, VAR LIBOR+4.500%, 08/06/2026		933		923
Pactiv Evergreen Inc., Tranche B-1 U.S. Term Loan, 1st Lien
2.897%, VAR LIBOR+2.750%, 02/05/2023		428		422
Parexel International Corporation, Initial Term Loan, 1st Lien
2.897%, VAR LIBOR+2.750%, 09/27/2024		560		537
Particle Investment S.a.r.l. (WebPros), Term Loan, 1st Lien
5.750%, 02/18/2027		392		386
5.750%, 02/18/2027		7		7
Party City Holdings Inc., 2018 Replacement Term Loan, 1st Lien
3.250%, VAR LIBOR+2.500%, 08/19/2022		488		396
3.250%, VAR LIBOR+2.500%, 08/19/2022		1		1
Petco Animal Supplies, Inc., Term Loan, 1st Lien
4.250%, VAR LIBOR+3.250%, 01/26/2023		733		672
PetSmart, Inc., Amended Loan, 1st Lien
5.000%, VAR LIBOR+3.500%, 03/11/2022		552		550
Phoenix Guarantor Inc., Tranche B-1 Term Loan, 1st Lien
3.401%, VAR LIBOR+3.250%, 03/05/2026		711		691
Playtika Holding Corp., Term B Loan, 1st Lien
7.000%, VAR LIBOR+6.000%, 12/10/2024		1,155		1,155
Ply Gem Midco, Inc., Initial Term Loan, 1st Lien
3.901%, VAR LIBOR+3.750%, 04/12/2025		982		962
Prime Security Services Borrower, LLC (aka Protection 1 Security Solutions) , 2019 Refinancing Term B-1 Loan, 1st Lien
4.250%, VAR LIBOR+3.250%, 09/23/2026		1,404		1,389

262

SEI Institutional Managed Trust / Annual Report / September 30, 2020



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

LOAN PARTICIPATIONS (continued)
Project Alpha Intermediate Holding, Inc., 2019 Incremental Term Loan, 1st Lien
4.520%, VAR LIBOR+4.250%, 04/26/2024	$	238	$	235
Radiology Partners Inc., Term Loan, 1st Lien
5.295%, 07/09/2025		69		66
Radiology Partners, Inc., Term B Loan
5.985%, VAR LIBOR+4.750%, 07/09/2025		81		77
Radnet Management, Inc., Term B-1 Loan, 1st Lien
4.750%, VAR LIBOR+3.750%, 06/30/2023		862		849
Realogy Group LLC (fka Realogy Corporation), Extended 2025 Term Loan, 1st Lien
3.000%, VAR LIBOR+2.250%, 02/08/2025 (I)		230		220
Redstone HoldCo 2 LP, Initial Term Loan, 1st Lien
6.000%, VAR LIBOR+5.000%, 09/01/2027 (I)		1,505		1,497
Regionalcare Hospital Partners Holdings, Inc., Term B Loan, 1st Lien
3.897%, VAR LIBOR+3.750%, 11/16/2025		1,190		1,155
Reynolds Consumer Products LLC, Initial Term Loan, 1st Lien
1.897%, VAR LIBOR+1.750%, 02/04/2027		223		219
Ryan Specialty Group, LLC, Initial Term Loan, 1st Lien
4.000%, VAR LIBOR+3.250%, 09/01/2027		540		534
Science Applications International Corporation, Term Loan, 1st Lien
2.397%, 03/12/2027		194		192
Scientific Games International, Inc., Initial Term B-5 Loan, 1st Lien
3.612%, VAR LIBOR+2.750%, 08/14/2024		602		565
2.897%, VAR LIBOR+2.750%, 08/14/2024		147		138
Sedgwick Claims Management Services, Inc. (Lightning Cayman Merger Sub, Ltd.) , 2020 Term Loan
5.250%, VAR LIBOR+4.250%, 09/03/2026		349		346
Sedgwick Claims Management Services, Inc. (Lightning Cayman Merger Sub, Ltd.), Initial Term Loan, 1st Lien
3.397%, VAR LIBOR+3.250%, 12/31/2025		861		830



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

LOAN PARTICIPATIONS (continued)
SkyMiles IP Ltd. (Delta Air Lines, Inc.), Initial Term Loan, 1st Lien
4.750%, VAR LIBOR+3.750%, 09/16/2027 (I)	$	780	$	785
Sotera Health Holdings, LLC, Initial Term Loan, 1st Lien
5.500%, VAR LIBOR+4.500%, 12/11/2026		517		515
Surf Holdings S.a r.l., Dollar Tranche Term Loan, 1st Lien
3.750%, VAR LIBOR+3.500%, 03/05/2027		469		458
Surgery Center Holdings, Inc., Initial Term Loan, 1st Lien
4.250%, VAR LIBOR+3.250%, 09/03/2024		509		478
Terrier Media Buyer, Inc., Term B Loan, 1st Lien
4.397%, VAR LIBOR+4.250%, 12/17/2026		933		909
Thomson Reuters Intellectual Prop & Science, Term Loan, 1st Lien
3.261%, 10/31/2026 (I)		550		547
TKC Holdings, Inc. Term Loan B
4.750%, VAR LIBOR+3.750%, 02/01/2023		687		643
T-Mobile USA, Inc., Term Loan, 1st Lien
3.147%, VAR LIBOR+3.000%, 04/01/2027		369		368
Travelport Finance (Luxembourg) S.a r.l., Initial Term Loan (Priority)
9.000%, VAR LIBOR+8.000%, 02/28/2025		496		476
Travelport Finance (Luxembourg) S.a r.l., Initial Term Loan, 1st Lien
5.220%, VAR LIBOR+5.000%, 05/29/2026		540		405
Tutor Perini, 1st Lien
5.750%, 08/18/2027		510		502
U.S. Renal Care, Inc., Initial Term Loan, 1st Lien
5.147%, VAR LIBOR+5.000%, 06/26/2026		1,519		1,478
UFC Holdings, LLC, Term B-1 Loan, 1st Lien
4.250%, VAR LIBOR+3.250%, 04/29/2026		790		775
Ultimate Software Group Inc., The, 2020 Incremental Term Loan, 1st Lien
4.750%, VAR LIBOR+4.000%, 05/04/2026		100		100

SEI Institutional Managed Trust / Annual Report / September 30, 2020

263

SCHEDULE OF INVESTMENTS

September 30, 2020

Multi-Asset Income Fund (Continued)



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

LOAN PARTICIPATIONS (continued)
Ultimate Software Group Inc., The, Initial Term Loan (2020), 2nd Lien
7.500%, VAR LIBOR+6.750%, 05/03/2027	$	25	$	25
Ultimus Group Midco LLC, The, Initial Term Loan, 1st Lien
3.897%, VAR LIBOR+3.750%, 05/04/2026		673		667
Univision Communications Inc., 2020 Replacement First-Lien Term Loan, 1st Lien
4.750%, VAR LIBOR+3.750%, 03/15/2026		723		702
US Foods, Inc. (aka U.S. Foodservice, Inc.), Initial Term Loan, 1st Lien
1.896%, 09/13/2026		260		250
US Foods, Inc., Term Loan
2.147%, 09/13/2026		748		713
USI, Inc., 2019 New Term Loan, 1st Lien
3.220%, VAR LIBOR+3.000%, 05/16/2024		933		901
Verscend Holding Corp., Term B Loan, 1st Lien
4.647%, VAR LIBOR+4.500%, 08/27/2025		218		215
Vertical Midco GmbH, Facility B (USD), 1st Lien
4.250%, VAR LIBOR+4.250%, 07/30/2027 (I)		1,160		1,149
VFH Parent LLC, Initial Term Loan, 1st Lien
3.151%, VAR LIBOR+3.000%, 03/01/2026		253		251
VICI Properties 1 LLC, Term B Loan, 1st Lien
1.906%, VAR LIBOR+1.750%, 12/20/2024		440		425
Virgin Media Bristol LLC, N Facility, Term Loan, 1st Lien
2.652%, VAR LIBOR+2.500%, 01/31/2028		935		906
0.000%, 01/31/2029 (I)(L)		590		580
Whatabrands LLC, 2020 Refinancing Term Loan, 1st Lien
2.906%, VAR LIBOR+2.750%, 07/31/2026		169		165
Windstream Services II, LLC, Initial Term Loan
7.250%, VAR LIBOR+6.250%, 08/24/2027		768		742
WP City, Term Loan, 1st Lien
5.500%, 08/13/2026		422		419
4.806%, 08/13/2026		422		419



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

LOAN PARTICIPATIONS (continued)
WP CPP Holdings, Term B Loan
4.500%, VAR LIBOR+3.500%, 04/30/2025 (I)	$	860	$	749


Total Loan Participations (Cost $106,101) ($ Thousands)				104,188


	Shares

COMMON STOCK — 10.2%

Communication Services — 1.1%
Activision Blizzard Inc		2,594		210
Alphabet Inc, Cl A *		1,022		1,498
Alphabet Inc, Cl C *		999		1,468
AT&T Inc		24,441		697
CenturyLink Inc		3,203		32
Charter Communications Inc, Cl A *		517		323
Comcast Corp, Cl A		15,641		724
Discovery Inc, Cl A *		684		15
Discovery Inc, Cl C *		914		18
DISH Network Corp, Cl A *		751		22
Electronic Arts Inc *		1,006		131
Facebook Inc, Cl A *		8,184		2,143
Fox Corp		1,609		45
Interpublic Group of Cos Inc/The		1,552		26
Live Nation Entertainment Inc *		457		25
Netflix Inc *		1,513		757
News Corp, Cl A		1,532		21
News Corp, Cl B		450		6
Omnicom Group Inc		736		36
Take-Two Interactive Software Inc, Cl A *		386		64
T-Mobile US Inc *		2,019		231
Twitter Inc *		2,792		124
Verizon Communications Inc		14,055		836
ViacomCBS Inc, Cl B		2,033		57
Walt Disney Co/The		6,136		761


				10,270


Consumer Discretionary — 1.2%
Advance Auto Parts Inc		262		40
Amazon.com Inc, Cl A *		1,450		4,566
Aptiv PLC		920		84
AutoZone Inc *		83		98
Best Buy Co Inc		767		85
Booking Holdings Inc *		139		238
BorgWarner Inc		797		31
CarMax Inc *		550		51
Carnival Corp		1,747		26
Cengage Learning Holdings II Inc *		5,114		16
Chipotle Mexican Grill Inc, Cl A *		97		121
Darden Restaurants Inc		431		43
Dollar General Corp		861		180
Dollar Tree Inc *		821		75
Domino’s Pizza Inc		140		60

264

SEI Institutional Managed Trust / Annual Report / September 30, 2020



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
DR Horton Inc		1,142	$	86
eBay Inc		2,262		118
Etsy Inc *		401		49
Expedia Group Inc		437		40
Ford Motor Co		13,499		90
Gap Inc/The		932		16
Garmin Ltd		486		46
General Motors Co		4,240		125
Genuine Parts Co		487		46
Hanesbrands Inc		1,017		16
Hasbro Inc		409		34
Hilton Worldwide Holdings Inc		981		84
Home Depot Inc/The		3,658		1,016
L Brands Inc		718		23
Las Vegas Sands Corp		1,162		54
Leggett & Platt Inc		534		22
Lennar Corp, Cl A		947		77
LKQ Corp *		960		27
Lowe’s Cos Inc		2,558		424
Marriott International Inc/MD, Cl A		948		88
McDonald’s Corp		2,550		560
MGM Resorts International		1,343		29
Mohawk Industries Inc *		176		17
Newell Brands Inc, Cl B		1,194		20
NIKE Inc, Cl B		4,219		530
Norwegian Cruise Line Holdings Ltd *		900		15
NVR Inc *		11		45
O’Reilly Automotive Inc *		249		115
PulteGroup Inc		961		44
PVH Corp		198		12
Ralph Lauren Corp, Cl A		219		15
Ross Stores Inc		1,194		111
Royal Caribbean Cruises Ltd		562		36
Starbucks Corp		3,993		343
Tapestry Inc		1,201		19
Target Corp, Cl A		1,687		266
Tiffany & Co		369		43
TJX Cos Inc/The		4,163		232
Tractor Supply Co		380		54
Ulta Beauty Inc *		187		42
Under Armour Inc, Cl A *		727		8
Under Armour Inc, Cl C *		920		9
VF Corp		1,137		80
Whirlpool Corp		199		37
Wynn Resorts Ltd		304		22
Yum! Brands Inc		1,058		97


				10,996


Consumer Staples — 0.7%
Altria Group Inc		6,257		242
Archer-Daniels-Midland Co		1,938		90
Brown-Forman Corp, Cl B		612		46
Campbell Soup Co		549		27



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Church & Dwight Co Inc		847	$	79
Clorox Co/The		432		91
Coca-Cola Co/The		13,258		654
Colgate-Palmolive Co		2,976		230
Conagra Brands Inc		1,671		60
Constellation Brands Inc, Cl A		556		105
Costco Wholesale Corp		1,496		531
Estee Lauder Cos Inc/The, Cl A		779		170
General Mills Inc		2,110		130
Hershey Co/The		517		74
Hormel Foods Corp		946		46
J M Smucker Co/The		388		45
Kellogg Co		845		55
Kimberly-Clark Corp		1,155		170
Kraft Heinz Co/The		2,151		64
Kroger Co/The		2,595		88
Lamb Weston Holdings Inc		468		31
McCormick & Co Inc/MD		428		83
Molson Coors Beverage Co, Cl B		772		26
Mondelez International Inc, Cl A		4,869		280
Monster Beverage Corp *		1,236		99
PepsiCo Inc		4,748		658
Philip Morris International Inc		5,269		395
Procter & Gamble Co/The		8,465		1,177
Sysco Corp, Cl A		1,685		105
Tyson Foods Inc, Cl A		1,020		61
Walgreens Boots Alliance Inc		2,398		86
Walmart Inc		4,762		666


				6,664


Energy — 0.2%
Apache Corp		1,082		10
Baker Hughes Co, Cl A		2,482		33
Cabot Oil & Gas Corp		1,207		21
ChampionX Corp *		25		—
Chevron Corp		6,325		455
Concho Resources Inc		673		30
ConocoPhillips		3,658		120
Devon Energy Corp		1,630		15
Diamondback Energy Inc, Cl A		449		14
EOG Resources Inc		2,002		72
Exxon Mobil Corp		14,328		492
Halliburton Co		3,313		40
Hess Corp		982		40
HollyFrontier Corp		665		13
Kinder Morgan Inc		6,709		83
Marathon Oil Corp		3,620		15
Marathon Petroleum Corp		2,226		65
National Oilwell Varco Inc, Cl A		1,759		16
Noble Energy Inc		2,020		17
Occidental Petroleum Corp		3,051		31
ONEOK Inc		1,442		37
Phillips 66		1,565		81

SEI Institutional Managed Trust / Annual Report / September 30, 2020

265

SCHEDULE OF INVESTMENTS

September 30, 2020

Multi-Asset Income Fund (Continued)



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Pioneer Natural Resources Co		564	$	49
Schlumberger NV, Cl A		4,791		75
TechnipFMC PLC		1,998		13
Titan Energy LLC *(F)		12,743		—
Valero Energy Corp		1,432		62
Williams Cos Inc/The		4,185		82


				1,981


Financials — 1.0%
Aflac Inc		2,287		83
Allstate Corp/The		1,045		98
American Express Co		2,217		222
American International Group Inc		3,032		84
Ameriprise Financial Inc		401		62
Aon PLC, Cl A		784		162
Arthur J Gallagher & Co		647		68
Aspect *(J)		57		—
Assurant Inc		187		23
Bank of America Corp		26,141		630
Bank of New York Mellon Corp/The		2,723		94
Berkshire Hathaway Inc, Cl B *		6,743		1,436
BlackRock Inc		483		272
Capital One Financial Corp		1,532		110
Cboe Global Markets Inc		350		31
Charles Schwab Corp/The		3,870		140
Chubb Ltd		1,550		180
Cincinnati Financial Corp		515		40
Citigroup Inc		7,104		306
Citizens Financial Group Inc		1,434		36
CME Group Inc		1,234		207
Comerica Inc		388		15
Discover Financial Services		1,003		58
E*TRADE Financial Corp		746		37
Everest Re Group Ltd		125		25
Fifth Third Bancorp		2,398		51
First Republic Bank/CA		578		63
Franklin Resources Inc		832		17
Globe Life Inc		309		25
Goldman Sachs Group Inc/The		1,171		235
Hartford Financial Services Group Inc/The		1,231		45
Huntington Bancshares Inc/OH		3,846		35
Intercontinental Exchange Inc		1,883		188
Invesco Ltd		1,059		12
JPMorgan Chase & Co		10,358		997
KeyCorp		3,314		40
Lincoln National Corp		602		19
Loews Corp		851		30
M&T Bank Corp		482		44
MarketAxess Holdings Inc		130		63
Marsh & McLennan Cos Inc		1,720		197
MetLife Inc		2,746		102
Moody’s Corp		546		158
Morgan Stanley		4,022		195



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
MSCI Inc, Cl A		294	$	105
Nasdaq Inc, Cl A		388		48
Northern Trust Corp		733		57
People’s United Financial Inc		1,719		18
PNC Financial Services Group Inc/The		1,466		161
Principal Financial Group Inc, Cl A		806		32
Progressive Corp/The		2,013		191
Prudential Financial Inc		1,404		89
Raymond James Financial Inc		395		29
Regions Financial Corp		3,209		37
S&P Global Inc		822		296
State Street Corp		1,268		75
SVB Financial Group, Cl B *		169		41
Synchrony Financial		1,873		49
T Rowe Price Group Inc		759		97
Travelers Cos Inc/The		836		90
Truist Financial Corp		4,513		172
Unum Group		910		15
US Bancorp		4,589		165
W R Berkley Corp		448		27
Wells Fargo & Co		14,072		331
Willis Towers Watson PLC		451		94
Zions Bancorp NA		626		18


				9,172


Health Care — 1.4%
Abbott Laboratories		6,071		661
AbbVie Inc		5,982		524
ABIOMED Inc *		170		47
Agilent Technologies Inc		1,071		108
Alexion Pharmaceuticals Inc *		772		88
Align Technology Inc *		244		80
AmerisourceBergen Corp, Cl A		512		50
Amgen Inc, Cl A		2,006		510
Anthem Inc		873		235
Baxter International Inc		1,708		137
Becton Dickinson and Co		999		232
Biogen Inc *		553		157
Bio-Rad Laboratories Inc, Cl A *		81		42
Boston Scientific Corp *		4,797		183
Bristol-Myers Squibb Co		7,633		460
Cardinal Health Inc		1,001		47
Catalent Inc *		553		47
Centene Corp *		2,015		118
Cerner Corp		1,095		79
Cigna Corp		1,273		216
Cooper Cos Inc/The, Cl A		166		56
Covetrus Inc *		1		—
CVS Health Corp		4,409		258
Danaher Corp, Cl A		2,138		460
DaVita Inc *		250		21
DENTSPLY SIRONA Inc		691		30
DexCom Inc *		321		132

266

SEI Institutional Managed Trust / Annual Report / September 30, 2020



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Edwards Lifesciences Corp, Cl A *		2,105	$	168
Eli Lilly and Co		2,716		402
Gilead Sciences Inc		4,273		270
HCA Healthcare Inc		932		116
Henry Schein Inc *		474		28
Hologic Inc *		848		56
Humana Inc		454		188
IDEXX Laboratories Inc *		299		118
Illumina Inc *		499		154
Incyte Corp *		608		55
Intuitive Surgical Inc *		399		283
IQVIA Holdings Inc *		631		100
Johnson & Johnson		8,955		1,333
Laboratory Corp of America Holdings *		331		62
McKesson Corp		557		83
Medtronic PLC		4,553		473
Merck & Co Inc		8,678		720
Mettler-Toledo International Inc *		84		81
Mylan NV *		1,633		24
PerkinElmer Inc		365		46
Perrigo Co PLC		414		19
Pfizer Inc		19,062		700
Quest Diagnostics Inc		455		52
Regeneron Pharmaceuticals Inc *		363		203
ResMed Inc		499		86
STERIS PLC		288		51
Stryker Corp		1,112		232
Teleflex Inc		159		54
Thermo Fisher Scientific Inc		1,356		599
UnitedHealth Group Inc		3,230		1,007
Universal Health Services Inc, Cl B		241		26
Varian Medical Systems Inc *		314		54
Vertex Pharmaceuticals Inc *		887		241
Waters Corp *		205		40
West Pharmaceutical Services Inc		252		69
Zimmer Biomet Holdings Inc		735		100
Zoetis Inc, Cl A		1,601		265


				13,536


Industrials — 0.8%
3M Co		1,966		315
A O Smith Corp		402		21
Alaska Air Group Inc		494		18
Allegion PLC		351		35
American Airlines Group Inc		1,751		22
AMETEK Inc		791		79
Boeing Co/The		1,833		303
Carrier Global Corp		2,804		86
Caterpillar Inc, Cl A		1,846		275
CH Robinson Worldwide Inc		444		45
Cintas Corp		291		97
Copart Inc *		701		74
CSX Corp		2,632		204



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Cummins Inc		495	$	105
Deere & Co		1,088		241
Delta Air Lines Inc, Cl A		2,121		65
Dover Corp		470		51
Eaton Corp PLC		1,378		141
Emerson Electric Co		2,014		132
Equifax Inc		416		65
Expeditors International of Washington Inc		546		49
Fastenal Co, Cl A		1,974		89
FedEx Corp		829		209
Flowserve Corp		514		14
Fortive Corp		1,164		89
Fortune Brands Home & Security Inc		451		39
General Dynamics Corp		771		107
General Electric Co		30,084		187
Honeywell International Inc		2,374		391
Howmet Aerospace Inc		1,110		19
Huntington Ingalls Industries Inc, Cl A		119		17
IDEX Corp		253		46
IHS Markit Ltd		1,274		100
Illinois Tool Works Inc		997		193
Ingersoll Rand Inc *		1,348		48
Jacobs Engineering Group Inc		455		42
JB Hunt Transport Services Inc		276		35
Johnson Controls International plc		2,493		102
Kansas City Southern		310		56
L3Harris Technologies Inc		738		125
Lockheed Martin Corp		831		318
Masco Corp		956		53
Nielsen Holdings PLC		1,058		15
Norfolk Southern Corp		884		189
Northrop Grumman Corp		525		166
Old Dominion Freight Line Inc, Cl A		326		59
Otis Worldwide Corp		1,401		87
PACCAR Inc		1,210		103
Parker-Hannifin Corp, Cl A		445		90
Pentair PLC		658		30
Quanta Services Inc		421		22
Raytheon Technologies Corp		5,213		300
Republic Services Inc		726		68
Robert Half International Inc		353		19
Rockwell Automation Inc		400		88
Rollins Inc		447		24
Roper Technologies Inc		354		140
Snap-on Inc		172		25
Southwest Airlines Co, Cl A		2,000		75
Stanley Black & Decker Inc		531		86
Teledyne Technologies Inc *		138		43
Textron Inc		872		31
Trane Technologies PLC		835		101
TransDigm Group Inc		173		82
Union Pacific Corp		2,299		453

SEI Institutional Managed Trust / Annual Report / September 30, 2020

267

SCHEDULE OF INVESTMENTS

September 30, 2020

Multi-Asset Income Fund (Continued)



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
United Airlines Holdings Inc *		980	$	34
United Parcel Service Inc, Cl B		2,418		403
United Rentals Inc *		231		40
Verisk Analytics Inc, Cl A		574		106
Waste Management Inc		1,314		149
Westinghouse Air Brake Technologies Corp		593		37
WW Grainger Inc		147		52
Xylem Inc/NY		606		51


				7,870


Information Technology — 2.9%
Accenture PLC, Cl A		2,155		487
Adobe Inc *		1,629		799
Advanced Micro Devices Inc *		4,008		329
Akamai Technologies Inc *		562		62
Amphenol Corp, Cl A		1,027		111
Analog Devices Inc		1,248		146
ANSYS Inc *		297		97
Apple Inc		54,777		6,344
Applied Materials Inc		3,136		186
Arista Networks Inc *		178		37
Autodesk Inc, Cl A *		752		174
Automatic Data Processing Inc		1,478		206
Broadcom Inc		1,377		502
Broadridge Financial Solutions Inc		387		51
Cadence Design Systems Inc *		966		103
CDW Corp/DE		492		59
Cisco Systems Inc		14,508		571
Citrix Systems Inc		397		55
Cognizant Technology Solutions Corp, Cl A		1,826		127
Corning Inc, Cl B		2,646		86
DXC Technology Co		736		13
F5 Networks Inc, Cl A *		193		24
Fidelity National Information Services Inc, Cl B		2,115		311
Fiserv Inc, Cl A *		1,926		198
FleetCor Technologies Inc *		301		72
FLIR Systems Inc		564		20
Fortinet Inc *		488		57
Gartner Inc *		297		37
Global Payments Inc		1,028		183
Hewlett Packard Enterprise Co		4,216		39
HP Inc		4,675		89
Intel Corp		14,439		748
International Business Machines Corp		3,044		370
Intuit Inc		893		291
IPG Photonics Corp *		143		24
Jack Henry & Associates Inc		262		43
Juniper Networks Inc		1,052		23
Keysight Technologies Inc *		648		64
KLA Corp		553		107
Lam Research Corp		493		164
Leidos Holdings Inc		452		40



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Mastercard Inc, Cl A		3,002	$	1,015
Maxim Integrated Products Inc		926		63
Microchip Technology Inc		831		85
Micron Technology Inc *		3,726		175
Microsoft Corp		25,783		5,423
Motorola Solutions Inc		601		94
NetApp Inc		712		31
NortonLifeLock Inc		2,051		43
NVIDIA Corp		2,098		1,135
Oracle Corp, Cl B		6,612		395
Paychex Inc		1,110		89
Paycom Software Inc *		161		50
PayPal Holdings Inc *		3,984		785
Qlik *(J)		3,600		—
Qlik, Cl A *(F)(J)(K)		56		57
Qlik, Cl B *(J)		13,812		—
Qorvo Inc *		388		50
QUALCOMM Inc		3,821		450
salesforce.com Inc *		3,090		777
Seagate Technology PLC		742		37
ServiceNow Inc *		655		318
Skyworks Solutions Inc		586		85
Synopsys Inc *		523		112
TE Connectivity Ltd		1,170		114
Teradyne Inc		557		44
Texas Instruments Inc		3,101		443
Tyler Technologies Inc *		149		52
VeriSign Inc *		359		73
Visa Inc, Cl A		5,732		1,146
Western Digital Corp		985		36
Western Union Co/The		1,292		28
Xerox Holdings Corp		827		15
Xilinx Inc		877		91
Zebra Technologies Corp, Cl A *		181		46


				26,806


Materials — 0.3%
Air Products and Chemicals Inc		767		228
Albemarle Corp		353		31
Amcor PLC		5,141		57
Avery Dennison Corp		274		35
Ball Corp		1,142		95
Celanese Corp, Cl A		398		43
CF Industries Holdings Inc		667		20
Corteva Inc		2,601		75
Dow Inc		2,491		117
DuPont de Nemours Inc		2,476		137
Eastman Chemical Co		442		35
Ecolab Inc		859		172
FMC Corp		429		45
Freeport-McMoRan Inc, Cl B		4,934		77
International Flavors & Fragrances Inc		357		44
International Paper Co		1,333		54

268

SEI Institutional Managed Trust / Annual Report / September 30, 2020



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Linde PLC		1,778	$	423
LyondellBasell Industries NV, Cl A		878		62
Martin Marietta Materials Inc, Cl A		212		50
Mosaic Co/The		1,105		20
Newmont Corp		2,689		171
Nucor Corp		1,011		45
Packaging Corp of America		308		34
PPG Industries Inc		826		101
Sealed Air Corp		462		18
Sherwin-Williams Co/The, Cl A		278		194
Vulcan Materials Co		454		62
Westrock Co		863		30


				2,475


Real Estate — 0.3%
Alexandria Real Estate Equities Inc ^‡		401		64
American Tower Corp, Cl A ^‡		1,499		362
Apartment Investment and Management
Co, Cl A ^‡		429		14
AvalonBay Communities Inc ^‡		488		73
Boston Properties Inc ^‡		492		40
CBRE Group Inc, Cl A *^‡		1,164		55
Crown Castle International Corp ^‡		1,412		235
Digital Realty Trust Inc, Cl A ^‡		925		136
Duke Realty Corp ^‡		1,245		46
Equinix Inc ^‡		301		229
Equity Residential ^‡		1,220		63
Essex Property Trust Inc ^‡		227		46
Extra Space Storage Inc ^‡		440		47
Federal Realty Investment Trust ^‡		206		15
Healthpeak Properties Inc ^‡		1,749		48
Host Hotels & Resorts Inc ^‡		2,164		23
Iron Mountain Inc ^‡		910		24
Kimco Realty Corp ^‡		1,773		20
Mid-America Apartment Communities Inc ^‡		387		45
Prologis Inc ^‡		2,488		250
Public Storage ^‡		536		119
Realty Income Corp ^‡		1,187		72
Regency Centers Corp ^‡		482		18
SBA Communications Corp, Cl A ^‡		372		119
Simon Property Group Inc ^‡		1,066		69
SL Green Realty Corp ^‡		191		9
UDR Inc ^‡		952		31
Ventas Inc ^‡		1,217		51
Vornado Realty Trust ^‡		469		16
Welltower Inc ^‡		1,403		77
Weyerhaeuser Co ^‡		2,551		73


				2,489


Utilities — 0.3%
AES Corp/The		2,161		39
Alliant Energy Corp		833		43
Ameren Corp		853		67



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
American Electric Power Co Inc		1,674	$	137
American Water Works Co Inc		632		92
Atmos Energy Corp		402		38
CenterPoint Energy Inc		1,750		34
CMS Energy Corp		981		60
Consolidated Edison Inc		1,170		91
Dominion Energy Inc		2,857		225
DTE Energy Co		668		77
Duke Energy Corp		2,499		221
Edison International		1,248		63
Entergy Corp		693		68
Evergy Inc		778		40
Eversource Energy		1,146		96
Exelon Corp		3,391		121
FirstEnergy Corp		1,891		54
NextEra Energy Inc		1,659		460
NiSource Inc		1,208		27
NRG Energy Inc		813		25
Pinnacle West Capital Corp		349		26
PPL Corp		2,670		73
Public Service Enterprise Group Inc		1,776		98
Sempra Energy		993		118
Southern Co/The		3,544		192
WEC Energy Group Inc		1,112		108
Xcel Energy Inc		1,768		122


				2,815


Total Common Stock (Cost $53,719) ($ Thousands)				95,074


	Face Amount (Thousands)

MORTGAGE-BACKED SECURITIES — 7.2%

Agency Mortgage-Backed Obligations — 2.1%
FHLMC CMO, Ser 2014-4320, Cl SD, IO
5.948%, VAR ICE LIBOR USD 1 Month+6.100%, 07/15/2039	$	437		87
FHLMC CMO, Ser 2019-4905, Cl SA, IO
5.948%, VAR ICE LIBOR USD 1 Month+6.100%, 08/25/2049		917		159
FHLMC CMO, Ser 2019-4936, Cl PS, IO
5.848%, VAR ICE LIBOR USD 1 Month+6.000%, 12/25/2049		330		40
FHLMC CMO, Ser 2019-4936, Cl ES, IO
5.848%, VAR ICE LIBOR USD 1 Month+6.000%, 12/25/2049		313		38
FHLMC CMO, Ser 2020-4980, Cl KI, IO
4.500%, 06/25/2050		7,339		860
FHLMC CMO, Ser 2020-4991, Cl IE, IO
5.000%, 07/25/2050		4,054		466
FHLMC CMO, Ser 2020-4998, Cl GI, IO
4.000%, 08/25/2050		3,515		485

SEI Institutional Managed Trust / Annual Report / September 30, 2020

269

SCHEDULE OF INVESTMENTS

September 30, 2020

Multi-Asset Income Fund (Continued)



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

MORTGAGE-BACKED SECURITIES (continued)
FHLMC CMO, Ser 2020-5009, Cl DI, IO
2.000%, 09/25/2050	$	1,865	$	158
FHLMC CMO, Ser 2020-5012, Cl DI, IO
4.000%, 09/25/2050		1,209		163
FHLMC CMO, Ser 2020-5020, Cl IH, IO
3.000%, 08/25/2050		750		81
FHLMC Structured Agency Credit Risk Debt Notes, Ser 2016-DNA3, Cl M3
5.148%, VAR ICE LIBOR USD 1 Month+5.000%, 12/25/2028		387		399
FHLMC Structured Agency Credit Risk Debt Notes, Ser 2017-DNA1, Cl M2
3.398%, VAR ICE LIBOR USD 1 Month+3.250%, 07/25/2029		1,524		1,561
FHLMC Structured Agency Credit Risk Debt Notes, Ser 2020-DNA3, Cl B1
5.248%, VAR ICE LIBOR USD 1 Month+5.100%, 06/25/2050 (A)		1,620		1,652
FNMA
2.790%, 01/01/2035 (H)		349		395
2.680%, 01/01/2035		100		112
FNMA CMO, Ser 2012-115, Cl DS, IO
5.952%, VAR ICE LIBOR USD 1 Month+6.100%, 10/25/2042		520		108
FNMA CMO, Ser 2015-30, Cl SJ, IO
5.452%, VAR ICE LIBOR USD 1 Month+5.600%, 05/25/2045		695		113
FNMA CMO, Ser 2015-34, Cl LS, IO
5.952%, VAR ICE LIBOR USD 1 Month+6.100%, 06/25/2045		1,063		180
FNMA CMO, Ser 2016-69, Cl BS, IO
5.952%, VAR ICE LIBOR USD 1 Month+6.100%, 10/25/2046		1,000		194
FNMA CMO, Ser 2017-104, Cl SB, IO
6.002%, VAR ICE LIBOR USD 1 Month+6.150%, 01/25/2048		2,255		390
FNMA CMO, Ser 2017-69, Cl SG, IO
6.002%, VAR ICE LIBOR USD 1 Month+6.150%, 09/25/2047		2,234		405
FNMA CMO, Ser 2017-86, Cl SB, IO
6.002%, VAR ICE LIBOR USD 1 Month+6.150%, 11/25/2047		1,938		348
FNMA CMO, Ser 2019-81, Cl SD, IO
5.852%, VAR ICE LIBOR USD 1 Month+6.000%, 01/25/2050		450		62
FNMA CMO, Ser 2020-45, Cl EI, IO
5.000%, 07/25/2050		596		90
FNMA CMO, Ser 2020-60, Cl NI, IO
4.000%, 09/25/2050		1,123		152
FNMA CMO, Ser 2020-60, Cl KI, IO
2.000%, 09/25/2050		3,231		273
FNMA CMO, Ser 2020-62, Cl GI, IO
4.000%, 06/25/2048		1,856		286



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

MORTGAGE-BACKED SECURITIES (continued)
FNMA Connecticut Avenue Securities, Ser 2017-C05, Cl 1M2
2.348%, VAR ICE LIBOR USD 1 Month+2.200%, 01/25/2030	$	939	$	926
FNMA Connecticut Avenue Securities, Ser 2018-C03, Cl 1M2C
2.298%, VAR ICE LIBOR USD 1 Month+2.150%, 10/25/2030		2,470		2,360
GNMA CMO, Ser 2010-9, Cl XD, IO
6.448%, VAR ICE LIBOR USD 1 Month+6.600%, 01/16/2040		2,193		443
GNMA CMO, Ser 2013-124, Cl CS, IO
5.894%, VAR ICE LIBOR USD 1 Month+6.050%, 08/20/2043		221		43
GNMA CMO, Ser 2014-117, Cl SJ, IO
5.444%, VAR ICE LIBOR USD 1 Month+5.600%, 08/20/2044		630		124
GNMA CMO, Ser 2014-158, Cl SA, IO
5.448%, VAR ICE LIBOR USD 1 Month+5.600%, 10/16/2044		297		49
GNMA CMO, Ser 2015-110, Cl MS, IO
5.554%, VAR ICE LIBOR USD 1 Month+5.710%, 08/20/2045		347		56
GNMA CMO, Ser 2015-111, Cl IM, IO
4.000%, 08/20/2045		2,946		328
GNMA CMO, Ser 2015-168, Cl IP, IO
4.000%, 11/20/2045		1,175		98
GNMA CMO, Ser 2015-57, Cl AS, IO
5.444%, VAR ICE LIBOR USD 1 Month+5.600%, 04/20/2045		2,445		390
GNMA CMO, Ser 2016-109, Cl IH, IO
4.000%, 10/20/2045		1,702		152
GNMA CMO, Ser 2016-27, Cl IA, IO
4.000%, 06/20/2045		855		73
GNMA CMO, Ser 2017-112, Cl SJ, IO
5.504%, VAR ICE LIBOR USD 1 Month+5.660%, 07/20/2047		1,689		268
GNMA CMO, Ser 2018-105, Cl SC, IO
6.044%, VAR ICE LIBOR USD 1 Month+6.200%, 08/20/2048		444		72
GNMA CMO, Ser 2018-122, Cl HS, IO
6.044%, VAR ICE LIBOR USD 1 Month+6.200%, 09/20/2048		718		124
GNMA CMO, Ser 2018-122, Cl SE, IO
6.044%, VAR ICE LIBOR USD 1 Month+6.200%, 09/20/2048		1,111		180
GNMA CMO, Ser 2018-124, Cl SN, IO
6.044%, VAR ICE LIBOR USD 1 Month+6.200%, 09/20/2048		2,956		531
GNMA CMO, Ser 2018-137, Cl SN, IO
5.994%, VAR ICE LIBOR USD 1 Month+6.150%, 10/20/2048		1,087		159

270

SEI Institutional Managed Trust / Annual Report / September 30, 2020



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

MORTGAGE-BACKED SECURITIES (continued)
GNMA CMO, Ser 2018-139, Cl SQ, IO
5.994%, VAR ICE LIBOR USD 1 Month+6.150%, 10/20/2048	$	796	$	117
GNMA CMO, Ser 2018-67, Cl PS, IO
6.044%, VAR ICE LIBOR USD 1 Month+6.200%, 05/20/2048		3,621		567
GNMA CMO, Ser 2018-7, Cl DS, IO
5.544%, VAR ICE LIBOR USD 1 Month+5.700%, 01/20/2048		1,998		299
GNMA CMO, Ser 2018-72, Cl IB, IO
4.000%, 04/20/2046		764		90
GNMA CMO, Ser 2019-1, Cl SN, IO
5.894%, VAR ICE LIBOR USD 1 Month+6.050%, 01/20/2049		621		85
GNMA CMO, Ser 2019-110, Cl SD, IO
5.944%, VAR ICE LIBOR USD 1 Month+6.100%, 09/20/2049		1,561		242
GNMA CMO, Ser 2019-110, Cl SE, IO
5.944%, VAR ICE LIBOR USD 1 Month+6.100%, 09/20/2049		1,653		224
GNMA CMO, Ser 2019-128, Cl IO, IO
4.000%, 10/20/2049		1,234		137
GNMA CMO, Ser 2019-129, Cl AI, IO
3.500%, 10/20/2049		3,631		425
GNMA CMO, Ser 2019-151, Cl IA, IO
3.500%, 12/20/2049		2,592		288
GNMA CMO, Ser 2019-151, Cl NI, IO
3.500%, 10/20/2049		6,124		520
GNMA CMO, Ser 2019-4, Cl SJ, IO
5.894%, VAR ICE LIBOR USD 1 Month+6.050%, 01/20/2049		1,146		193
GNMA CMO, Ser 2019-52, Cl SK, IO
5.894%, VAR ICE LIBOR USD 1 Month+6.050%, 04/20/2049		1,601		203
GNMA CMO, Ser 2019-6, Cl SA, IO
5.894%, VAR ICE LIBOR USD 1 Month+6.050%, 01/20/2049		433		68
GNMA CMO, Ser 2019-69, Cl S, IO
3.114%, VAR ICE LIBOR USD 1 Month+3.270%, 06/20/2049		527		44
GNMA CMO, Ser 2019-78, Cl SE, IO
5.944%, VAR ICE LIBOR USD 1 Month+6.100%, 06/20/2049		408		55
GNMA CMO, Ser 2019-98, Cl SC, IO
5.894%, VAR ICE LIBOR USD 1 Month+6.050%, 08/20/2049		1,201		171



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

MORTGAGE-BACKED SECURITIES (continued)
GNMA CMO, Ser 2020-61, Cl SF, IO
6.284%, VAR ICE LIBOR USD 1 Month+6.440%, 07/20/2043	$	2,866	$	548


				19,909


Non-Agency Mortgage-Backed Obligations — 5.1%
Alternative Loan Trust, Ser 2005-81, Cl A1
0.428%, VAR ICE LIBOR USD 1 Month+0.280%, 02/25/2037		683		601
Barclays Commercial Mortgage Trust, Ser 2019-C5, Cl A4
3.063%, 11/15/2052		870		978
Benchmark Mortgage Trust, Ser 2019-B11, Cl XA, IO
1.198%, 05/15/2052 (H)		10,922		759
BX Commercial Mortgage Trust, Ser 2019- IMC, Cl E
2.302%, VAR ICE LIBOR USD 1 Month+2.150%, 04/15/2034 (A)		1,970		1,750
BX Trust, Ser 2018-GWMZ, Cl MC
5.640%, VAR ICE LIBOR USD 1 Month+5.488%, 05/15/2037 (A)		1,100		926
Capmark Military Housing Trust, Ser 2007- AET2, Cl A
6.063%, 10/10/2052 (A)		942		1,127
CGMS Commercial Mortgage Trust, Ser 2017- MDRA, Cl C
3.878%, 07/10/2030 (A)(H)		1,620		1,588
Credit Suisse Mortgage Trust, Ser 2019, Cl B
7.152%, 12/15/2021		1,440		1,311
CSMC, Ser 2014-USA, Cl E
4.373%, 09/15/2037 (A)		320		218
CSMC, Ser 2019-UVIL, Cl A
3.160%, 12/15/2041 (A)		950		925
CSMC, Ser 2020-4R, Cl 1A1
3.154%, VAR ICE LIBOR USD 1 Month+3.000%, 06/25/2047 (A)		994		1,002
CSWF, Ser 2018-TOP, Cl D
1.952%, VAR ICE LIBOR USD 1 Month+1.800%, 08/15/2035 (A)		1,072		1,013
FHLMC Stacr Remic Trust, Ser 2020-DNA1, Cl B1
2.448%, VAR ICE LIBOR USD 1 Month+2.300%, 01/25/2050 (A)		370		329
FNMA Connecticut Avenue Securities, Ser 2018-C03, Cl 1M2
2.298%, VAR ICE LIBOR USD 1 Month+2.150%, 10/25/2030		604		592
GE Business Loan Trust, Ser 2007-1, Cl C
0.602%, VAR ICE LIBOR USD 1 Month+0.450%, 04/16/2035 (A)		301		263

SEI Institutional Managed Trust / Annual Report / September 30, 2020

271

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September 30, 2020

Multi-Asset Income Fund (Continued)



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

MORTGAGE-BACKED SECURITIES (continued)
GMACM Mortgage Loan Trust, Ser 2005-AF2, Cl A1
6.000%, 12/25/2035	$	1,248	$	1,179
GS Mortgage Securities Trust, Ser 2017-STAY, Cl E
2.552%, VAR ICE LIBOR USD 1 Month+2.400%, 07/15/2032 (A)		1,000		928
GS Mortgage Securities Trust, Ser 2018- SRP5, Cl C
5.731%, 09/15/2031		1,970		1,900
GS Mortgage Securities Trust, Ser 2020- DUNE, Cl A
1.262%, VAR ICE LIBOR USD 1 Month+1.100%, 12/15/2036 (A)		1,830		1,766
HarborView Mortgage Loan Trust, Ser 2006- 10, Cl 2A1B
0.401%, VAR ICE LIBOR USD 1 Month+0.240%, 11/19/2036		2,351		2,060
Impac CMB Trust, Ser 2005-4, Cl 1M1
0.793%, VAR ICE LIBOR USD 1 Month+0.645%, 05/25/2035		1,272		1,230
JPMorgan Chase Commercial Mortgage Securities Trust, Ser NNN, Cl FFL
2.652%, VAR ICE LIBOR USD 1 Month+2.500%, 01/16/2037 (A)		1,864		1,661
JPMorgan Chase Commercial Mortgage Securities Trust, Ser WPT, Cl FFL
3.059%, VAR ICE LIBOR USD 1 Month+2.900%, 07/05/2033 (A)		1,790		1,640
JPMCC Commercial Mortgage Securities Trust, Ser 2019-BOLT, Cl C
3.952%, VAR ICE LIBOR USD 1 Month+3.800%, 07/15/2034 (A)		1,697		1,508
JPMCC Commercial Mortgage Securities Trust, Ser 2019-BOLT, Cl XCP, IO
2.052%, 07/15/2034 (A)(H)		2,368		38
JPMorgan Chase Commercial Mortgage
Securities, Ser 2019-BKWD, Cl E
2.752%, VAR ICE LIBOR USD 1 Month+2.600%, 09/15/2029 (A)		1,730		1,532
Morgan Stanley Re-REMIC Trust, Ser 2010- R5, Cl 4B
1.376%, 06/26/2036 (A)		351		311
Motel 6 Trust, Ser 2017-MTL6, Cl F
4.402%, VAR ICE LIBOR USD 1 Month+4.250%, 08/15/2034 (A)		1,204		1,171
Natixis Commercial Mortgage Securities Trust, Ser 2019-TRUE, Cl A
3.511%, VAR ICE LIBOR USD 1 Month+2.011%, 04/18/2024 (A)		870		853
Nomura Asset Acceptance Alternative Loan
Trust, Ser 2003-A1, Cl M
6.558%, 05/25/2033 (H)		807		658



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

MORTGAGE-BACKED SECURITIES (continued)
Nomura Resecuritization Trust, Ser 2015-4R, Cl 5A1
1.475%, VAR ICE LIBOR USD 1 Month+0.430%, 03/26/2036 (A)	$	524	$	517
PMT Credit Risk Transfer Trust, Ser 2019-3R, Cl A
2.846%, VAR ICE LIBOR USD 1 Month+2.700%, 10/27/2022 (A)		786		755
Radnor, Ser 2020-1, Cl M1C
1.898%, VAR ICE LIBOR USD 1 Month+1.750%, 02/25/2030 (A)		1,830		1,710
RALI Series Trust, Ser 2006-QO2, Cl A2
0.418%, VAR ICE LIBOR USD 1 Month+0.270%, 02/25/2046		1,470		431
RALI Series Trust, Ser 2007-QO2, Cl A1
0.298%, VAR ICE LIBOR USD 1 Month+0.150%, 02/25/2047		1,027		504
Seasoned Credit Risk Transfer Trust, Ser 2018-1, Cl M
4.750%, 05/25/2057 (H)		1,720		1,682
Seasoned Credit Risk Transfer Trust, Ser 2018-3, Cl M
4.750%, 08/25/2057 (A)(H)		1,125		1,054
Seasoned Credit Risk Transfer Trust, Ser 2019-4, Cl M
4.500%, 02/25/2059 (A)(H)		1,720		1,691
Seasoned Credit Risk Transfer Trust, Ser 2020-1, Cl M
4.250%, 08/25/2059 (A)(H)		2,230		2,157
Seasoned Credit Risk Transfer Trust, Ser 2020-2, Cl M
4.250%, 11/25/2059 (A)(H)		830		813
Shops at Crystals Trust, Ser 2106-CSTL, Cl D
3.856%, 07/05/2036 (A)(H)		885		686
Tharaldson Hotel Portfolio Trust, Ser THL, Cl E
3.339%, VAR ICE LIBOR USD 1 Month+3.180%, 11/11/2034 (A)		1,742		1,427
Tharaldson Hotel Portfolio Trust, Ser THL, Cl F
4.111%, VAR ICE LIBOR USD 1 Month+3.952%, 11/11/2034 (A)		583		449
WaMu Mortgage Pass-Through Certificates Trust, Ser 2006-AR16, Cl 2A2
3.333%,12/25/2036 (H)		872		816
Wells Fargo Mortgage-Backed Securities Trust, Ser 2006-AR5, Cl 2A1
3.995%, 04/25/2036 (H)		744		699


				47,208


Total Mortgage-Backed Securities (Cost $68,507) ($ Thousands)				67,117

272

SEI Institutional Managed Trust / Annual Report / September 30, 2020



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

ASSET-BACKED SECURITIES — 3.7%

Automotive — 0.4%

Avis Budget Rental Car Funding AESOP, Ser 2019-3A, Cl C
3.150%, 03/20/2026 (A)	$	820	$	806
Hertz Vehicle Financing II, Ser 2016-2A, Cl C
4.990%, 03/25/2022 (A)		3,000		2,946


				3,752


Mortgage Related Securities — 0.4%

ACE Securities Home Equity Loan Trust, Ser 2004-HE3, Cl M1
1.078%, VAR ICE LIBOR USD 1 Month+0.930%, 11/25/2034		626		620
Aegis Asset Backed Securities Trust, Ser 2005-5, Cl M1
0.578%, VAR ICE LIBOR USD 1 Month+0.430%, 12/25/2035		990		932
Asset Backed Securities Home Equity Loan Trust, Ser 2007-HE1, Cl A4
0.288%, VAR ICE LIBOR USD 1 Month+0.140%, 12/25/2036		1,731		1,654


				3,206


Other Asset-Backed Securities — 2.9%

522 Funding CLO, Ser 2019-5A, Cl E
7.615%, VAR ICE LIBOR USD 3 Month+7.340%, 01/15/2033 (A)		250		229
Apidos CLO XXII, Ser 2020-22A, Cl DR
7.022%, VAR ICE LIBOR USD 3 Month+6.750%, 04/20/2031 (A)		680		637
Avery Point VI CLO, Ser 2018-6A, Cl DR
3.199%, VAR ICE LIBOR USD 3 Month+2.950%, 08/05/2027 (A)		610		575
Benefit Street Partners CLO IV, Ser 2019-IVA, Cl CRR
4.072%, VAR ICE LIBOR USD 3 Month+3.800%, 01/20/2029 (A)		370		359
BlueMountain CLO, Ser 2018-1A, Cl CR
2.122%, VAR ICE LIBOR USD 3 Month+1.850%, 04/20/2027 (A)		700		664
BlueMountain CLO, Ser 2018-2A, Cl AR2
1.303%, VAR ICE LIBOR USD 3 Month+1.050%, 11/20/2028 (A)		340		338
BlueMountain CLO, Ser 2018-2A, Cl ER
5.472%, VAR ICE LIBOR USD 3 Month+5.200%, 07/18/2027 (A)		1,000		784
Bristol Park CLO, Ser 2020-1A, Cl ER
7.275%, VAR ICE LIBOR USD 3 Month+7.000%, 04/15/2029 (A)		500		470



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

ASSET-BACKED SECURITIES (continued)
Carlyle Global Market Strategies CLO, Ser 2018-2RA, Cl A1
1.330%, VAR ICE LIBOR USD 3 Month+1.050%, 05/15/2031 (A)	$	1,045	$	1,031
Carlyle US CLO, Ser 2017-1A, Cl A1B
1.502%, VAR ICE LIBOR USD 3 Month+1.230%, 04/20/2031 (A)		646		638
Catskill Park CLO, Ser 2017-1A, Cl D
6.272%, VAR ICE LIBOR USD 3 Month+6.000%, 04/20/2029 (A)		900		802
Cent CLO 24, Ser 2018-24A, Cl CR
3.425%, VAR ICE LIBOR USD 3 Month+3.150%, 10/15/2026 (A)		520		481
Copper River CLO, Ser 2006-1A
0.000%, 01/20/2021 (A)(E)(L)		3,000		4
Countrywide Asset-Backed Certificates, Ser 2006-12, Cl 1A
0.278%, VAR ICE LIBOR USD 1 Month+0.130%, 12/25/2036		1,374		1,281
Credit Suisse European Mortgage Capital, Ser 2019-1OTF, Cl A
3.168%, VAR ICE LIBOR USD 3 Month+2.900%, 08/09/2024 (A)		985		976
CSMC Trust, Ser 2017-RPL1, Cl M2
3.063%, 07/25/2057 (A)(H)		1,190		964
Cumberland Park CLO, Ser 2018-2A, Cl DR
2.972%, VAR ICE LIBOR USD 3 Month+2.700%, 07/20/2028 (A)		500		477
Cumberland Park CLO, Ser 2018-2A, Cl ER
5.922%, VAR ICE LIBOR USD 3 Month+5.650%, 07/20/2028 (A)		600		521
Dividend Solar Loans, Ser 2019-1, Cl A
3.670%, 08/22/2039 (A)		551		566
First Franklin Mortgage Loan Trust, Ser 2006-FF15, Cl A5
0.308%, VAR ICE LIBOR USD 1 Month+0.160%, 11/25/2036		1,490		1,445
Flatiron CLO 17, Ser 2017-1A, Cl A
1.530%, VAR ICE LIBOR USD 3 Month+1.250%, 05/15/2030 (A)		500		498
Halsey Point CLO I, Ser 2019-1A, Cl F
8.472%, VAR ICE LIBOR USD 3 Month+8.200%, 01/20/2033 (A)		290		228
Jackson Mill CLO, Ser 2018-1A, Cl DR
3.075%, VAR ICE LIBOR USD 3 Month+2.800%, 04/15/2027 (A)		1,250		1,169
Jamestown CLO X, Ser 2017-10A, Cl A1
1.523%, VAR ICE LIBOR USD 3 Month+1.250%, 07/17/2029 (A)		750		747
KKR CLO, Ser 2018-21, Cl A
1.275%, VAR ICE LIBOR USD 3 Month+1.000%, 04/15/2031 (A)		500		491

SEI Institutional Managed Trust / Annual Report / September 30, 2020

273

SCHEDULE OF INVESTMENTS

September 30, 2020

Multi-Asset Income Fund (Continued)



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

ASSET-BACKED SECURITIES (continued)
LCM XXII, Ser 2018-22A, Cl DR
5.772%, VAR ICE LIBOR USD 3 Month+5.500%, 10/20/2028 (A)	$	350	$	274
Legacy Mortgage Asset Trust, Ser 2019-GS1, Cl A1
4.000%, 01/25/2059 (A)		577		587
Marathon, Ser 2005-2A
0.000%, 12/20/2019 (A)(E)(J)(L)		750		–
Marathon, Ser 2019-2A, Cl BA
3.572%, VAR ICE LIBOR USD 3 Month+3.300%, 01/20/2033 (A)		330		328
Oaktree CLO, Ser 2019-1A, Cl D
4.058%, VAR ICE LIBOR USD 3 Month+3.800%, 04/22/2030 (A)		250		216
Ocean Trails CLO IX, Ser 2020-9A, Cl A1
2.153%, VAR ICE LIBOR USD 3 Month+1.870%, 10/15/2029 (A)		270		271
Ocean Trails CLO IX, Ser 2020-9A, Cl A2
2.553%, VAR ICE LIBOR USD 3 Month+2.270%, 10/15/2029 (A)		310		311
OHA Loan Funding, Ser 2019-1A, Cl DR2
4.280%, VAR ICE LIBOR USD 3 Month+4.000%, 11/15/2032 (A)		250		249
OZLM VII, Ser 2018-7RA, Cl CR
3.273%, VAR ICE LIBOR USD 3 Month+3.000%, 07/17/2029 (A)		650		585
OZLM XI, Ser 2017-11A, Cl BR
2.568%, VAR ICE LIBOR USD 3 Month+2.300%, 10/30/2030 (A)		600		583
Parallel, Ser 2020-1A, Cl CR
2.272%, VAR ICE LIBOR USD 3 Month+2.000%, 07/20/2029 (A)		750		724
Popular ABS Mortgage Pass-Through Trust, Ser 2005-6, Cl A4
3.584%, 01/25/2036		525		528
Sound Point CLO XXIII, Ser 2019-2A, Cl A1
1.675%, VAR ICE LIBOR USD 3 Month+1.400%, 04/15/2032 (A)		710		710
Structured Asset Securities Mortgage Loan Trust, Ser 2006-GEL4, Cl M1
0.745%, VAR ICE LIBOR USD 1 Month+0.570%, 10/25/2036 (A)		2,202		2,149
Sunrun Atlas Issuer, Ser 2019-2, Cl A
3.610%, 02/01/2055 (A)		423		443
Symphony CLO XIX, Ser 2018-19A, Cl E
5.471%, VAR ICE LIBOR USD 3 Month+5.200%, 04/16/2031 (A)		250		209
Venture 31 CLO, Ser 2018-31A, Cl A1
1.302%, VAR ICE LIBOR USD 3 Month+1.030%, 04/20/2031 (A)		680		671
Voya CLO, Ser 2018-2A, Cl ER
5.656%, VAR ICE LIBOR USD 3 Month+5.400%, 07/23/2027 (A)		750		616



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

ASSET-BACKED SECURITIES (continued)
Voya CLO, Ser 2018-3A, Cl A1A
1.425%, VAR ICE LIBOR USD 3 Month+1.150%, 10/15/2031 (A)	$	750	$	743
Wachovia Asset Securitization Issuance II, Ser 2007-HE1, Cl A
0.312%, VAR ICE LIBOR USD 1 Month+0.140%, 07/25/2037 (A)		351		310
Whitehorse XII, Ser 2018-12A, Cl D
3.925%, VAR ICE LIBOR USD 3 Month+3.650%, 10/15/2031 (A)		250		228
Zais Clo 16, Ser 2020-16A, Cl D1
5.770%, VAR ICE LIBOR USD 3 Month+5.480%, 10/20/2031 (A)		250		236

				27,346


Total Asset-Backed Securities (Cost $39,544) ($ Thousands)				34,304


CONVERTIBLE BONDS — 0.9%
Alteryx CV to 5.2809
1.000%, 08/01/2026		160		160
Apollo Commercial Real Estate Finance CV to 50.2260
4.750%, 08/23/2022		970		905
Blackstone Mortgage Trust CV to 28.0324
4.375%, 05/05/2022		1,580		1,519
Blackstone Mortgage Trust CV to 27.6052
4.750%, 03/15/2023		170		160
Cheniere Energy CV to 7.2265
4.250%, 03/15/2045		800		572
Digicel Group
7.000%, 10/01/2168 (A)		14		1
Etsy CV to 5.0007
0.125%, 09/01/2027 (A)		220		224
Euronet Worldwide CV to 5.2987
0.750%, 03/15/2049		170		163
Innovate Capital Pte CV to 107.1738
6.000%, 12/11/2024		68		9
Live Nation Entertainment CV to 9.4469
2.000%, 02/15/2025 (A)		1,500		1,355
PDC Energy CV to 11.7113
1.125%, 09/15/2021		1,030		977
Teva Pharmaceutical Finance CV to 25.1357
0.250%, 02/01/2026		1,590		1,543
Vishay Intertechnology CV to 31.8083
2.250%, 06/15/2025		630		609


Total Convertible Bonds (Cost $8,188) ($ Thousands)				8,197

274

SEI Institutional Managed Trust / Annual Report / September 30, 2020



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

MUNICIPAL BONDS — 0.2%

Illinois — 0.2%
Illinois State, GO
7.350%, 07/01/2035	$	225		$	255
5.100%, 06/01/2033		1,895			1,915


Total Municipal Bonds (Cost $2,077) ($ Thousands)					2,170


U.S. TREASURY OBLIGATIONS — 0.0%
U.S. Treasury Bonds
1.250%, 05/15/2050		170			161
U.S. Treasury Notes
0.250%, 06/30/2025		190			190


Total U.S. Treasury Obligations (Cost $353) ($ Thousands)					351


	Shares

PREFERRED STOCK — 0.0%
Financials — 0.0%
B. Riley Financial, 6.875%		7,900			192

Utilities — 0.0%
NextEra Energy (L)		850			41


Total Preferred Stock (Cost $238) ($ Thousands)					233


Total Investments in Securities — 93.1% (Cost $833,812) ($ Thousands)				$	868,182


	Contracts

*PURCHASED OPTIONS(M) — 0.0%**

Total Purchased Options (Cost $572) ($ Thousands)		7,320,136		$	326


*WRITTEN OPTIONS(M) — (0.2)%**

Total Written Options (Premiums Received $3,669) ($ Thousands)		(5,280,501	)	$	(2,089	)

SEI Institutional Managed Trust / Annual Report / September 30, 2020

275

SCHEDULE OF INVESTMENTS

September 30, 2020

Multi-Asset Income Fund (Continued)

A list of the open exchange traded options contracts held by the Fund at September 30, 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, Add December 2020, S&P 500
E-mini to Future Option Display*		15		$	76		$	3,200.00		12/19/2020	$	87
December 2020, Add December 2020, S&P 500
E-mini to Future Option Display*		22			77			3,000.00		12/19/2020		75
November 2020, S&P 500 E-mini 3rd Week Option*		47			130			3,000.00		11/21/2020		96
October 2020, S&P 500 E-mini 3rd Week Option*		52			212			3,000.00		10/17/2020		14
USD Put/MXN Call*		2,310,000			36			21.75		12/19/2020		52
USD Put/RUB Call*		1,450,000			18			72.06		10/17/2020		1


					549							325


Call Options
USD Call/GBP Put*		3,560,000			23			1.28		10/17/2020		1


Total Purchased Options				$	572						$	326


WRITTEN OPTIONS — (0.2)%

Put Options
October 2020, S&P 500 E-mini 3rd Week Option*		(18	)	$	(49	)		2,800.00		10/17/20	$	(1	)
October 2020, S&P 500 E-mini 3rd Week Option*		(34	)		(66	)		2,750.00		10/17/20		(2	)
December 2020, S&P 500 E-mini Option*		(12	)		(13	)		2,600.00		12/19/20		(12	)
December 2020, S&P 500 E-mini Option*		(15	)		(42	)		2,900.00		12/19/20		(38	)
USD Put/MXN Call*		(1,520,000	)		(20	)		20.68		11/21/20		(6	)


					(190	)						(59	)

Call Options
SPX Short Index Option*		(211	)		(1,651	)		3,405.00		10/17/20		(901	)
SPX Short Index Option*		(211	)		(1,771	)		3,385.00		10/17/20		(1,049	)
USD Call/ RUB Put*		(1,450,000	)		(21	)		75.28		10/17/20		(53	)
USD Call/MXN Put*		(2,310,000	)		(36	)		24.42		12/19/20		(27	)

					(3,479	)						(2,030	)


Total Written Options				$	(3,669	)					$	(2,089	)

†	Represents Cost

A list of the open futures contracts held by the Fund at September 30, 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)	Mar-2021		$ (51,329)		$ (51,400)	$	(71)
Australian 10-Year Bond	21	Dec-2020		2,260		2,249		21
Euro-Bob	5	Dec-2020		800		792		–
Euro-Bund	(39)	Dec-2020		(8,016)		(7,981)		(71)
Long Gilt 10-Year Bond	(7)	Jan-2021		(1,247)		(1,232)		2
S&P 500 Index E-MINI	273	Dec-2020		45,703		45,755		51
U.S. 2-Year Treasury Note	490	Jan-2021		108,242		108,271		29
U.S. 5-Year Treasury Note	48	Jan-2021		6,049		6,049		–
U.S. 5-Year Treasury Note	(337)	Jan-2021		(42,450)		(42,473)		(23)

276

SEI Institutional Managed Trust / Annual Report / September 30, 2020



Type of Contract	Number of Contracts Long (Short)	Expiration Date	Notional Amount (Thousands)		Value (Thousands)		Unrealized Appreciation (Depreciation) (Thousands)
U.S. 10-Year Treasury Note	308	Dec-2020		$ 42,878		$ 42,976	$	97
U.S. 10-Year Treasury Note	35	Dec-2020		4,884		4,884		–
U.S. Long Treasury Bond	(47)	Dec-2020		(8,344)		(8,285)		59
U.S. Long Treasury Bond	206	Dec-2020		36,093		36,314		221
U.S. Ultra Long Treasury Bond	(20)	Dec-2020		(4,435)		(4,436)		(1)
U.S. Ultra Long Treasury Bond	146	Dec-2020		32,795		32,385		(411)
Ultra 10-Year U.S. Treasury Note	(12)	Dec-2020		(1,924)		(1,919)		5
Ultra 10-Year U.S. Treasury Note	(31)	Dec-2020		(4,954)		(4,958)		(3)

				$ 157,005		$ 156,991	$	(95)

A list of the open forward foreign currency contracts held by the Fund at September 30, 2020 is as follows:


Counterparty	Settlement Date			Currency to Deliver (Thousands)			Currency to Receive (Thousands)		Unrealized Appreciation (Depreciation) (Thousands)
BNP Paribas		10/16/20	CAD		660	USD		494	$ —
BNP Paribas		10/16/20	USD		3,405	CAD		4,660	85
BNP Paribas		10/16/20	USD		4,669	EUR		4,015	40
BNP Paribas		10/16/20	USD		1,959	EUR		1,650	(24)
BNP Paribas		10/16/20 - 10/19/20	EUR		3,700	USD		4,373	33
BNP Paribas		10/16/20	EUR		11,411	USD		12,863	(522)
BNP Paribas		01/19/21	MXN		10,400	USD		466	1
BNP Paribas		10/16/20 - 01/19/21	MXN		54,696	USD		2,419	(39)
BNP Paribas		01/19/21	USD		733	MXN		16,685	13
Citigroup		10/15/20	SAR		9,650	USD		2,573	1
Citigroup		10/16/20	USD		368	RUB		27,370	(16)
Citigroup		10/16/20	GBP		650	USD		842	1
Citigroup		10/16/20	GBP		45	USD		56	(2)
Citigroup		10/16/20	USD		1,386	NOK		12,540	(46)
Citigroup		10/16/20 - 11/09/20	USD		3,030	EUR		2,560	(26)
Citigroup		10/16/20 - 12/28/20	USD		3,939	MXN		89,651	105
Citigroup		10/16/20	MXN		300	USD		14	—
Citigroup		10/16/20	MXN		14,600	USD		650	(10)
Citigroup		11/09/20	EUR		11,984	USD		14,107	44
Credit Suisse First Boston		11/09/20	EUR		1,425	USD		1,678	5
Goldman Sachs		10/16/20	USD		384	MXN		8,785	13
Goldman Sachs		10/16/20	EUR		440	USD		517	1
Goldman Sachs		10/16/20	USD		1,904	EUR		1,607	(19)
Goldman Sachs		10/16/20 - 01/19/21	USD		1,421	RUB		111,968	12
Goldman Sachs		10/16/20	USD		1,255	RUB		93,700	(50)
Goldman Sachs		10/16/20 - 01/19/21	USD		4,431	JPY		471,299	40
Goldman Sachs		10/16/20	BRL		16,459	USD		3,063	144
Goldman Sachs		10/16/20	MXN		19,620	USD		920	33
Goldman Sachs		10/16/20	MXN		20,570	USD		909	(21)
Goldman Sachs		10/16/20	RUB		178,178	USD		2,449	157
Goldman Sachs		01/19/21	RUB		21,438	USD		268	(5)
Goldman Sachs		10/16/20	JPY		235,650	USD		2,233	(1)
JPMorgan Chase Bank		10/15/20	SAR		4,740	USD		1,264	—
JPMorgan Chase Bank		10/16/20	AUD		633	USD		442	(12)
JPMorgan Chase Bank		10/16/20	USD		2,078	CAD		2,819	33
JPMorgan Chase Bank		10/16/20 - 01/19/21	USD		2,390	NOK		22,510	17
JPMorgan Chase Bank		10/16/20	CAD		4,320	USD		3,292	57

SEI Institutional Managed Trust / Annual Report / September 30, 2020

277

SCHEDULE OF INVESTMENTS

September 30, 2020

Multi-Asset Income Fund (Continued)


Counterparty	Settlement Date			Currency to Deliver (Thousands)			Currency to Receive (Thousands)		Unrealized Appreciation (Depreciation) (Thousands)
JPMorgan Chase Bank		10/16/20	CAD		2,550	USD		1,887	$ (22)
JPMorgan Chase Bank		10/16/20	NOK		4,470	USD		482	4
JPMorgan Chase Bank		10/16/20	NOK		15,290	USD		1,618	(16)
JPMorgan Chase Bank		10/16/20	IDR		113,153,060	USD		7,634	34
Morgan Stanley		11/09/20	USD		387	EUR		329	(1)
RBC		01/13/21	GBP		2,214	USD		2,852	(12)
Standard Bank		11/09/20	EUR		1,194	USD		1,414	13

									$ 42

A list of the open centrally cleared swap agreements held by the Fund at September 30, 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	$	(21)	$	(24)	$	3
CDS-DAIGR	Sell	1.00%	Quarterly	12/20/2024		(1,290)		7		12		(5)
CDX.NA.HY.30	Sell	5.00%	Quarterly	06/20/2023		(15,916)		634		661		(27)
CDX.NA.HY.34	Sell	5.00%	Quarterly	06/25/2025		(6,092)		294		(222)		516
CDX.NA.HY.35	Buy	5.00%	Quarterly	12/20/2025		1,733		(72)		(71)		(1)
CDX.NA.IG.34	Sell	1.00%	Quarterly	06/20/2023		(12,000)		101		162		(61)
CDX.NA.IG.34-V1	Sell	1.00%	Quarterly	06/20/2025		(23,050)		158		325		(167)
ICE CD Boeing Company	Sell	1.00%	Quarterly	06/20/2024		(525)		(37)		9		(46)
ICE CD CDXIG	Sell	1.00%	Quarterly	12/20/2024		(3,550)		29		79		(50)
ICE CD Chile	Sell	1.00%	Quarterly	06/20/2024		(410)		8		10		(2)
ICE CD Columbia	Sell	1.00%	Quarterly	12/20/2023		(4,600)		5		(32)		37
ICE CD Columbia	Sell	1.00%	Quarterly	06/20/2024		(2,410)		(10)		9		(19)
ICE CD General Electric	Sell	1.00%	Quarterly	06/20/2024		(1,225)		(13)		(10)		(3)
ICE CD Kingdom of Saudi Arabia	Sell	1.00%	Quarterly	06/20/2024		(5,490)		67		41		26
ICE CD Mexico	Sell	1.00%	Quarterly	06/20/2024		(1,160)		(5)		(11)		6
ICE CD Peru	Sell	1.00%	Quarterly	06/20/2024		(2,040)		34		28		6
ICE CD Peru	Sell	1.00%	Quarterly	12/20/2024		(1,620)		28		30		(2)
ICE CD Philippines	Sell	1.00%	Quarterly	12/20/2023		(740)		17		1		16
ICE CD Qatar	Sell	1.00%	Quarterly	06/20/2024		(400)		10		7		3
ICE CD Qatar	Sell	1.00%	Quarterly	12/20/2024		(860)		22		17		5

							$	1,256	$	1,021	$	235


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)
PLN @ 0.25%	WIBR3M	Quarterly	12/16/2021	PLN		22,350	$	(4)	$	(1	)	$	(3)
0.74%	USD-SOFRRATE	Annually	08/19/2045	USD		910		16		–			16
0.56%	CMENA IR SWAP (SOFRRATE)	Annually	07/20/2045	USD		7,020		405		18			387
0.25%	EURO6M	Semi-Annually	12/16/2040	EUR		510		(27)		(21)			(6)
-0.25%	EURO6M	Semi-Annually	12/16/2030	EUR		720		3		6			(3)
0.75%	6-MONTH GBP - LIBOR	Semi-Annually	12/16/2030	GBP		620		(27)		(26)			(1)
-0.25%	EURO6M	Semi-Annually	12/16/2027	USD		1,740		(12)		(9)			(3)
-0.25%	EURO6M	Semi-Annually	12/16/2025	EUR		3,780		(38)		(32)			(6)
WIBR6M	0.75%	Annually	12/16/2025	PLN		4,500		12		(1)			13
28-DAY MXN -TIIE	5.10%	Monthly	12/10/2025	MXN		71,000		(4)		–			(4)
3-MONTH CNY -CNREPOFIX	2.50%	Quarterly	06/17/2025	CNY		19,260		(14)		12			(26)
BZDIOVRA	6.26%	Monthly	01/02/2025	BRL		2,890		(5)		7			(12)

278

SEI Institutional Managed Trust / Annual Report / September 30, 2020


Fund Pays	Fund Receives		Payment Frequency		Termination Date		Currency		Notional Amount (Thousands)		Value (Thousands)			Upfront Payments/ Receipts (Thousands)			Net Unrealized Appreciation (Depreciation) (Thousands)
USD-LIBOR-BBA		0.38%		Semi-Annually		08/31/2024		USD		19,352	$	73		$	11		$	62
28-DAY MXN - TIIE		7.20%		Monthly		07/17/2024		MXN		365,383		1,386			–			1,386
BZDIOVRA		4.93%		Monthly		01/02/2024		BRL		10,100		43			2			41
-0.50%		EURO6M		Semi-Annually		12/16/2023		EUR		4,130		4			6			(2	)
EUR006M		EUR @ -0.50%		Annually		12/16/2022		EUR		5,050		(1	)		(6	)		5
28-DAY MXN - TIIE		4.50%		Monthly		12/14/2022		MXN		48,520		(3	)		1			(4	)
1.00%		3MONTH LIBOR		Quarterly		02/15/2047		USD		2,065		53			25			28
0.25%		EURO6M		Semi-Annually		12/16/2050		EUR		390		(37	)		(28	)		(9	)

											$	1,823		$	(36	)	$	1,859

A list of open OTC swap agreements held by the Fund at September 30, 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)			2		(26)
Citibank		1-DAY BRL - CETIP		6.87%		Annually		01/04/2027		BRL		15,030		–			–		–
JPMorgan Chase		1-DAY BRL - CETIP		0.07044%		Annually		01/04/2027		BRL		3,000		(14)			–		(14)

													$	(76	)	$	4	$	(80	)

Percentages are based on Net Assets of $932,271 ($ Thousands).

*	Non-income producing security.

^‡	Real Estate Investment Trust.

(A)

Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration normally to qualified institutions. On September 30, 2020, the value of these securities amounted to $305,284 ($ Thousands), representing 32.7% of the Net Assets of the Fund.

(B)	Security, or a portion thereof, is owned through a holding entity, Bamboo Temple, LLC.

(C)	Security is in default on interest payment.

(D)	Perpetual security with no stated maturity date.

(E)	Zero coupon security. The rate shown on the Schedule of Investments is the security’s effective yield at the time of purchase.

(F)	Securities considered illiquid. The total value of such securities as of September 30, 2020 was $556 ($ Thousands) and represented 0.0% of the Net Assets of the Fund.

(G)	Step Bonds – Represents the current rate, the step rate, the step date and the final maturity date.

(H)	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.

(I)	Unsettled bank loan. Interest rate may not be available.

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

(K)	Security fair valued using methods determined in good faith by the Valuation Committee of the Board of Trustees. The total market value of such securities as of September 30, 2020 was $57 ($ Thousands) and represented 0.0% of the Net Assets of the Fund.

(L)	Interest rate may not be available.

(M)	Refer to table below for details on Options Contracts.

ABS — Asset-Backed Security

AUD — Australian Dollar

BBA — British Bankers Association

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

CNY — Chinese Yuan Onshore

CV — Convertible Security

DAC — Designated Activity Company

EUR — Euro

FHLMC — Federal Home Loan Mortgage Corporation

FNMA — Federal National Mortgage Association

GBP — British Pound Sterling

GNMA — Government National Mortgage Association

GO — General Obligation

ICE— Intercontinental Exchange

IDR — Indonesian Rupiah

IO — Interest Only — face amount represents notional amount.

JPY — Japanese Yen

JSC — Joint-Stock Company

LIBOR— London Interbank Offered Rate

LLC — Limited Liability Company

L.P. — Limited Partnership

Ltd. — Limited

MSCI — Morgan Stanley Capital International

MTN — Medium Term Note

MXN — Mexican Peso

NOK — Norwegian Krone

PIK — Payment-in-Kind

PJSC — Public Joint-Stock Company

PLC — Public Limited Company

PLN — Polish Zloty

Pty — Proprietary

REMIC — Real Estate Mortgage Investment Conduit

RUB — Russian Ruble

S&P — Standard & Poor’s

SAR — Saudi Riyal

Ser — Series

SPX — Standard & Poor’s 500 Index

SEI Institutional Managed Trust / Annual Report / September 30, 2020

279

SCHEDULE OF INVESTMENTS

September 30, 2020

Multi-Asset Income Fund (Concluded)

TIIE — Interbank Equilibrium Interest Rate

ULC — Unlimited Liability Company

USD — U.S. Dollar

VAR — Variable Rate

The following is a list of the level of inputs used as of September 30, 2020, in valuing the Fund’s investments and other financial instruments carried at value ($ Thousands):



Investments in Securities	Level 1 ($)		Level 2 ($)		Level 3 ($)⁽¹⁾		Total ($)
Corporate Obligations		–		445,734		–		445,734
Sovereign Debt		–		110,814		–		110,814
Loan Participations		–		103,956		232		104,188
Common Stock		95,017		–		57		95,074
Mortgage-Backed Securities		–		67,117		–		67,117
Asset-Backed Securities		–		34,304		–		34,304
Convertible Bonds		–		8,197		–		8,197
Municipal Bonds		–		2,170		–		2,170
U.S. Treasury Obligations		–		351		–		351
Preferred Stock		–		233		–		233

Total Investments in Securities		95,017		772,876		289		868,182



Other Financial Instruments	Level 1 ($)			Level 2 ($)			Level 3 ($)		Total ($)
Purchased Options		326			–			–		326
Written Options		(2,089	)		–			–		(2,089	)
Futures Contracts*
Unrealized Appreciation		485			–			–		485
Unrealized Depreciation		(580	)		–			–		(580	)
Forwards Contracts*
Unrealized Appreciation		–			886			–		886
Unrealized Depreciation		–			(844	)		–		(844	)
Centrally Cleared Swaps
Credit Default Swaps*
Unrealized Appreciation		–			618			–		618
Unrealized Depreciation		–			(383	)		–		(383	)
Centrally Cleared Swaps
Interest Rate Swaps*
Unrealized Appreciation		–			1,938			–		1,938
Unrealized Depreciation		–			(79	)		–		(79	)
OTC Swaps
Interest Rate Swaps*
Unrealized Depreciation		–			(80	)		–		(80	)

Total Other Financial Instruments		(1,858	)		2,056			–		198

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

(1) 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		–			–			–

Realized gain/(loss)		–			–			–

Change in unrealized appreciation/ (depreciation)		720			945			–

Purchases		–			–			–

Sales		(721	)		(1,902	)		–

Net transfer into Level 3		–			–			–

Net transfer out of Level 3		–			–			–


Ending Balance as of September 30, 2020	$	–		$	232		$	57


Changes in unrealized gains/(losses) included in earnings related to securities still held at reporting date	$	720		$	945		$	–

For the year ended September 30, 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.

280

SEI Institutional Managed Trust / Annual Report / September 30, 2020

CONSOLIDATED SCHEDULE OF INVESTMENTS

September 30, 2020

Multi-Asset Inflation Managed Fund

LOGO

^†Percentages are based on total investments.



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

U.S. TREASURY OBLIGATIONS — 68.5%
U.S. Treasury Bills
0.117%, 02/25/2021 (A)(B)	$	7,500	$	7,497
0.113%, 12/31/2020 (A)(B)		6,500		6,499
0.105%, 12/03/2020 (A)(B)		5,500		5,499
0.098%, 11/27/2020 (A)(B)		3,000		2,999
0.091%, 11/05/2020 (A)(B)		50,000		49,996
U.S. Treasury Inflation Protected Securities
2.375%, 01/15/2025		19,134		22,217
2.000%, 01/15/2026		15,071		17,754
0.625%, 07/15/2021 (C)		17,862		18,123
0.625%, 04/15/2023 (C)		34,094		35,674
0.625%, 01/15/2024 (L)		28,783		30,589
0.625%, 01/15/2026		12,088		13,326
0.500%, 04/15/2024		6,292		6,681
0.375%, 07/15/2023 (C)		31,453		33,003
0.375%, 07/15/2025 (C)		75,436		81,907
0.250%, 01/15/2025		9,233		9,852
0.125%, 01/15/2022		10,938		11,112
0.125%, 04/15/2022 (M)		12,240		12,457
0.125%, 07/15/2022 (C)		43,210		44,331
0.125%, 01/15/2023 (C)		27,154		27,990
0.125%, 07/15/2024 (C)		19,860		21,010
0.125%, 10/15/2024 (L)		38,668		41,047
0.125%, 07/15/2026		22,833		24,770
U.S. Treasury Notes
0.400%, VAR US Treasury 3 Month Bill Money Market Yield+0.300%, 10/31/2021 (A)		5,300		5,317
0.214%, VAR US Treasury 3 Month Bill Money Market Yield+0.114%, 04/30/2022 (A)		4,100		4,104



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

U.S. TREASURY OBLIGATIONS (continued)
0.155%, VAR US Treasury 3 Month Bill Money Market Yield+0.055%, 07/31/2022 (A)	$	1,500	$	1,500


Total U.S. Treasury Obligations (Cost $514,694) ($ Thousands)				535,254


	Shares

COMMON STOCK — 23.2%

Communication Services — 1.8%
Activision Blizzard Inc		3,747		303
Alphabet Inc, Cl A *		758		1,111
Alphabet Inc, Cl C *		842		1,237
Anterix Inc *		1,229		40
AT&T Inc (D)		73,247		2,088
ATN International Inc		1,075		54
CenturyLink Inc		10,271		104
Cinemark Holdings Inc		2,200		22
Electronic Arts Inc *		1,676		219
Facebook Inc, Cl A *		6,952		1,821
GCI Liberty Inc *		1,400		115
Iridium Communications Inc *		3,021		77
Liberty Media Corp-Liberty Braves *		6,900		145
Liberty Media Corp-Liberty Formula One, Cl C *		1,800		65
Live Nation Entertainment Inc *		700		38
Madison Square Garden Entertainment Corp *		1,178		81
Madison Square Garden Sports Corp *		973		146
Match Group Inc *		147		16
Netflix Inc *		2,225		1,113
Pinterest Inc, Cl A *		421		17
Roku Inc, Cl A *		451		85
Shenandoah Telecommunications Co		500		22
Spok Holdings Inc		3,900		37
Spotify Technology SA *		617		150
Take-Two Interactive Software Inc, Cl A *		800		132
Telephone and Data Systems Inc		1,422		26
T-Mobile US Inc *		5,035		576
Twitter Inc *		1,787		79
United States Cellular Corp *		600		18
Verizon Communications Inc		39,814		2,369
ViacomCBS Inc, Cl B		2,385		67
Vonage Holdings Corp *		4,800		49
Walt Disney Co/The		10,667		1,324
Zynga Inc, Cl A *		3,891		35


				13,781


Consumer Staples — 6.1%
Altria Group Inc (D)		42,031		1,624
Andersons Inc/The		1,700		33
Archer-Daniels-Midland Co		13,200		614
B&G Foods Inc, Cl A		1,029		29

SEI Institutional Managed Trust / Annual Report / September 30, 2020

281

CONSOLIDATED SCHEDULE OF INVESTMENTS

September 30, 2020

Multi-Asset Inflation Managed Fund (Continued)



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
BellRing Brands, Cl A *		800	$	17
Beyond Meat Inc *		1,200		199
BJ’s Wholesale Club Holdings Inc *		3,400		141
Boston Beer Co Inc/The, Cl A *		150		132
Brown-Forman Corp, Cl A		1,128		77
Brown-Forman Corp, Cl B		3,517		265
Bunge Ltd		4,636		212
Calavo Growers Inc		954		63
Cal-Maine Foods Inc *		1,150		44
Campbell Soup Co		4,096		198
Casey’s General Stores Inc		1,097		195
Central Garden & Pet Co, Cl A *		1,500		54
Church & Dwight Co Inc		5,679		532
Clorox Co/The		2,714		570
Coca-Cola Co/The (D)		84,878		4,190
Coca-Cola Consolidated Inc		200		48
Colgate-Palmolive Co		19,323		1,491
Conagra Brands Inc		10,886		389
Constellation Brands Inc, Cl A		3,421		648
Costco Wholesale Corp (D)		10,019		3,557
Coty Inc, Cl A		5,365		14
Darling Ingredients Inc *		3,036		109
Edgewell Personal Care Co *		1,934		54
Energizer Holdings Inc		1,713		67
Estee Lauder Cos Inc/The, Cl A		5,113		1,116
Flowers Foods Inc		6,007		146
Fresh Del Monte Produce Inc		1,189		27
Freshpet Inc *		800		89
General Mills Inc		13,295		820
Grocery Outlet Holding Corp *		2,100		83
Hain Celestial Group Inc/The *		2,834		97
Herbalife Nutrition Ltd *		2,808		131
Hershey Co/The		3,594		515
Hormel Foods Corp		7,139		349
Hostess Brands Inc, Cl A *		3,370		42
Ingles Markets Inc, Cl A		553		21
Ingredion Inc		2,282		173
Inter Parfums Inc		900		34
J & J Snack Foods Corp		727		95
J M Smucker Co/The		2,914		337
John B Sanfilippo & Son Inc		500		38
Kellogg Co		6,012		388
Keurig Dr Pepper Inc		7,946		219
Kimberly-Clark Corp		7,858		1,160
Kraft Heinz Co/The		14,318		429
Kroger Co/The		17,936		608
Lamb Weston Holdings Inc		3,405		226
Lancaster Colony Corp		850		152
McCormick & Co Inc/MD		2,773		538
Medifast Inc		154		25
Molson Coors Beverage Co, Cl B		4,474		150
Mondelez International Inc, Cl A		30,904		1,776



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Monster Beverage Corp *		8,321	$	667
National Beverage Corp, Cl A *		400		27
Nu Skin Enterprises Inc, Cl A		1,043		52
PepsiCo Inc (D)		29,892		4,143
Performance Food Group Co *		3,395		117
Philip Morris International Inc (D)		34,889		2,616
Pilgrim’s Pride Corp *		1,078		16
Post Holdings Inc *		1,972		170
PriceSmart Inc		2,253		150
Primo Water Corp		4,125		59
Procter & Gamble Co/The (D)		53,714		7,466
Reynolds Consumer Products Inc		1,300		40
Sanderson Farms Inc		601		71
Seaboard Corp		26		74
Simply Good Foods Co/The *		1,900		42
Spectrum Brands Holdings Inc		1,866		107
Sprouts Farmers Market Inc *		3,128		65
Sysco Corp, Cl A		11,429		711
Tootsie Roll Industries Inc		1,721		53
TreeHouse Foods Inc *		1,131		46
Tyson Foods Inc, Cl A (D)		6,958		414
Universal Corp/VA		922		39
US Foods Holding Corp *		5,256		117
USANA Health Sciences Inc *		500		37
Vector Group Ltd		5,329		52
Village Super Market Inc, Cl A		3,156		78
Walgreens Boots Alliance Inc		19,315		694
Walmart Inc (D)		30,828		4,313
WD-40 Co		461		87
Weis Markets Inc		1,400		67


				47,940


Energy — 5.2%
Antero Midstream Corp		18,500		99
Antero Resources Corp *		9,447		26
Apache Corp		22,048		209
Arch Resources		1,200		51
Archrock Inc		9,200		49
Baker Hughes Co, Cl A		40,910		544
Berry Corp		3,353		11
Brigham Minerals, Cl A		5,683		51
Cabot Oil & Gas Corp		25,225		438
Cactus Inc, Cl A		2,200		42
ChampionX Corp *		12,338		99
Cheniere Energy Inc *		15,032		695
Chevron Corp (D)		118,456		8,529
Cimarex Energy Co		6,989		170
CNX Resources Corp *		8,960		85
Concho Resources Inc		12,928		570
ConocoPhillips (D)		67,798		2,227
Continental Resources Inc/OK, Cl A		5,893		72
CVR Energy Inc		2,400		30
Delek US Holdings Inc		3,233		36

282

SEI Institutional Managed Trust / Annual Report / September 30, 2020



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Devon Energy Corp		24,932	$	236
DHT Holdings Inc		3,000		15
Diamondback Energy Inc, Cl A		10,878		328
Dril-Quip Inc *		3,288		81
EOG Resources Inc		37,498		1,348
EQT Corp		14,398		186
Equitrans Midstream Corp		26,822		227
Exxon Mobil Corp (D)		269,969		9,268
Falcon Minerals Corp		16,100		39
Frank’s International *		11,300		17
Frontline Ltd		11,886		77
Golar LNG Ltd		5,177		31
Halliburton Co		54,969		662
Helix Energy Solutions Group Inc *		6,312		15
Helmerich & Payne Inc		8,238		121
Hess Corp		17,720		725
HollyFrontier Corp		9,831		194
Kinder Morgan Inc		126,987		1,566
Kosmos Energy Ltd		27,400		27
Liberty Oilfield Services Inc, Cl A		7,870		63
Magnolia Oil & Gas Corp *		6,809		35
Marathon Oil Corp		51,762		212
Marathon Petroleum Corp (D)		41,704		1,224
Matador Resources Co *		7,600		63
Murphy Oil Corp		9,523		85
National Oilwell Varco Inc, Cl A		27,323		248
NexTier Oilfield Solutions Inc *		9,300		17
Noble Energy Inc		31,331		268
Nordic American Tankers Ltd		4,900		17
Occidental Petroleum Corp		50,809		509
Oceaneering International Inc, Cl A *		3,277		11
ONEOK Inc		28,954		752
Ovintiv		16,270		133
Par Pacific Holdings Inc *		6,195		42
Parsley Energy Inc, Cl A		19,349		181
Patterson-UTI Energy Inc		10,859		31
PBF Energy Inc, Cl A		5,120		29
PDC Energy Inc, Cl A *		7,414		92
Peabody Energy Corp		17,400		40
Phillips 66		28,074		1,455
Pioneer Natural Resources Co		10,675		918
ProPetro Holding Corp *		1,894		8
Range Resources Corp		10,357		69
Renewable Energy Group Inc *		2,300		123
REX American Resources Corp *		307		20
Schlumberger NV, Cl A		89,898		1,399
Scorpio Tankers Inc		2,888		32
SEACOR Holdings Inc, Cl A *		1,100		32
SFL Corp Ltd		5,683		43
Southwestern Energy Co *		28,922		68
Targa Resources Corp		15,459		217
Transocean Ltd *(D)		31,635		25



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Valero Energy Corp (D)		26,847	$	1,163
Williams Cos Inc/The		79,044		1,553
World Fuel Services Corp		3,840		81
WPX Energy Inc *		23,879		117


				40,571


Health Care — 4.8%
10X Genomics Inc, Cl A *		522		65
Abbott Laboratories		13,202		1,437
AbbVie Inc		13,191		1,155
ABIOMED Inc *		424		117
Acadia Healthcare Co Inc, Cl A *		1,166		34
ACADIA Pharmaceuticals Inc *		1,000		41
Acceleron Pharma Inc *		500		56
Adaptive Biotechnologies Corp *		1,046		51
Agilent Technologies Inc		2,498		252
Agios Pharmaceuticals Inc *		800		28
Alexion Pharmaceuticals Inc *		1,951		223
Align Technology Inc *		601		197
Alkermes PLC *		2,611		43
Allscripts Healthcare Solutions Inc *		4,458		36
Alnylam Pharmaceuticals Inc *		973		142
Amedisys Inc *		200		47
AmerisourceBergen Corp, Cl A		1,533		149
Amgen Inc, Cl A (D)		4,580		1,164
Amicus Therapeutics Inc *		3,123		44
Amphastar Pharmaceuticals Inc *		3,993		75
ANI Pharmaceuticals Inc *		2,100		59
Anthem Inc		1,983		533
Arena Pharmaceuticals Inc *		1,141		85
Arrowhead Pharmaceuticals Inc *		226		10
Atrion Corp		100		63
Avanos Medical Inc *		2,458		82
Avantor Inc *		2,406		54
Baxter International Inc (D)		4,657		375
Becton Dickinson and Co		2,135		497
Biogen Inc *		1,462		415
BioMarin Pharmaceutical Inc *		1,743		133
Bio-Rad Laboratories Inc, Cl A *		202		104
Bio-Techne Corp		358		89
BioTelemetry Inc *		900		41
Bluebird Bio Inc *		597		32
Blueprint Medicines Corp *		540		50
Boston Scientific Corp *		11,093		424
Bridgebio Pharma *		2,150		81
Bristol-Myers Squibb Co		17,057		1,028
Bruker Corp		1,024		41
Cantel Medical Corp		1,404		62
Cardinal Health Inc		3,175		149
Cardiovascular Systems Inc *		256		10
Catalent Inc *		1,229		105
Centene Corp *		4,050		236
Cerner Corp		2,881		208

SEI Institutional Managed Trust / Annual Report / September 30, 2020

283

CONSOLIDATED SCHEDULE OF INVESTMENTS

September 30, 2020

Multi-Asset Inflation Managed Fund (Continued)



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Change Healthcare Inc *		1,100	$	16
Charles River Laboratories International Inc *		553		125
Chemed Corp		150		72
Cigna Corp		2,921		495
CONMED Corp		400		31
Cooper Cos Inc/The, Cl A		472		159
CorVel Corp *		300		26
Covetrus Inc *		1,835		45
CVS Health Corp		10,878		635
Danaher Corp, Cl A		4,517		973
DaVita Inc *		858		74
DENTSPLY SIRONA Inc		2,904		127
DexCom Inc *		617		254
Edwards Lifesciences Corp, Cl A *		4,941		394
Elanco Animal Health Inc *		4,700		131
Eli Lilly and Co		6,082		900
Enanta Pharmaceuticals Inc *		1,100		50
Encompass Health Corp		1,278		83
Ensign Group Inc/The		379		22
Envista Holdings Corp *		1,700		42
Exact Sciences Corp *		1,039		106
Exelixis Inc *		2,304		56
FibroGen *		1,386		57
Gilead Sciences Inc (D)		10,394		657
Global Blood Therapeutics Inc *		800		44
Globus Medical Inc, Cl A *		800		40
Guardant Health Inc *		534		60
Haemonetics Corp *		628		55
Halozyme Therapeutics Inc *		1,268		33
HCA Healthcare Inc		2,059		257
Health Catalyst Inc *		2,300		84
HealthEquity Inc *		600		31
HealthStream Inc *		7,600		153
Henry Schein Inc *		1,503		88
Hill-Rom Holdings Inc		563		47
HMS Holdings Corp *		1,600		38
Hologic Inc *		2,117		141
Horizon Therapeutics PLC *		1,228		95
Humana Inc		956		396
ICU Medical Inc *		324		59
IDEXX Laboratories Inc *		616		242
Illumina Inc *		1,153		356
Immunomedics Inc *		1,131		96
Incyte Corp *		1,643		147
Innoviva Inc *		2,800		29
Insmed Inc *		855		27
Insulet Corp *		410		97
Integer Holdings Corp *		500		30
Integra LifeSciences Holdings Corp *		628		30
Intuitive Surgical Inc *		863		612
invitae Corp *		648		28



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Ionis Pharmaceuticals Inc *		1,276	$	61
Iovance Biotherapeutics Inc *		1,500		49
IQVIA Holdings Inc *		1,782		281
iRhythm Technologies Inc *		200		48
Ironwood Pharmaceuticals Inc, Cl A *		2,400		22
Jazz Pharmaceuticals PLC *		929		132
Johnson & Johnson (D)		19,969		2,973
Laboratory Corp of America Holdings *		933		176
LHC Group Inc *		400		85
Ligand Pharmaceuticals Inc *		278		27
Luminex Corp		1,000		26
Masimo Corp *		392		93
McKesson Corp		1,339		199
MEDNAX Inc *		1,533		25
Medpace Holdings Inc *		300		34
Medtronic PLC		10,549		1,096
Merck & Co Inc		19,293		1,600
Merit Medical Systems Inc *		600		26
Mesa Laboratories Inc		102		26
Mettler-Toledo International Inc *		210		203
Mirati Therapeutics Inc *		366		61
Moderna Inc *		1,009		71
Molina Healthcare Inc *		538		98
Momenta Pharmaceuticals Inc *		500		26
Mylan NV *		7,087		105
MyoKardia Inc *		256		35
Natera Inc *		641		46
National HealthCare Corp		614		38
Natus Medical Inc *		1,200		21
Nektar Therapeutics, Cl A *		2,284		38
Neogen Corp, Cl B *		1,069		84
NeoGenomics Inc *		922		34
Neurocrine Biosciences Inc *		728		70
Nevro Corp *		200		28
NextGen Healthcare Inc *		5,716		73
Novavax Inc *		268		29
Novocure Ltd *		1,100		122
NuVasive Inc *		500		24
Omnicell Inc *		650		49
Orthofix Medical Inc *		3,072		96
Pacira BioSciences Inc *		700		42
Patterson Cos Inc		2,377		57
Penumbra Inc *		350		68
PerkinElmer Inc		922		116
Perrigo Co PLC		1,330		61
Pfizer Inc		42,435		1,557
Phibro Animal Health Corp, Cl A		1,600		28
PRA Health Sciences Inc *		898		91
Premier Inc, Cl A		600		20
Prestige Consumer Healthcare Inc, Cl A *		600		22
Providence Service Corp/The *		205		19
PTC Therapeutics *		700		33

284

SEI Institutional Managed Trust / Annual Report / September 30, 2020



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
QIAGEN NV *		2,304	$	120
Quest Diagnostics Inc		1,133		130
Regeneron Pharmaceuticals Inc *		723		405
Repligen Corp *		488		72
ResMed Inc		1,214		208
Sage Therapeutics Inc *		797		49
Sarepta Therapeutics Inc *		609		86
Seattle Genetics Inc *		852		167
STAAR Surgical Co *		180		10
STERIS PLC		717		126
Stryker Corp		2,931		611
Supernus Pharmaceuticals Inc *		3,737		78
Syneos Health Inc, Cl A *		373		20
Tandem Diabetes Care Inc *		400		45
Teladoc Health Inc *		161		35
Teleflex Inc		392		133
Thermo Fisher Scientific Inc		2,907		1,284
Ultragenyx Pharmaceutical Inc *		476		39
United Therapeutics Corp *		461		47
UnitedHealth Group Inc (D)		6,954		2,168
Universal Health Services Inc, Cl B		998		107
US Physical Therapy Inc		726		63
Varex Imaging Corp *		1,200		15
Varian Medical Systems Inc *		870		150
Veeva Systems Inc, Cl A *		770		217
Vertex Pharmaceuticals Inc *		2,028		552
Waters Corp *		701		137
West Pharmaceutical Services Inc		470		129
Wright Medical Group NV *		1,377		42
Xencor Inc *		2,509		97
Zimmer Biomet Holdings Inc		1,846		251
Zoetis Inc, Cl A		3,443		569


				37,773


Information Technology — 1.5%
Accenture PLC, Cl A		1,256		284
ACI Worldwide Inc *		1,792		47
Adobe Inc *		881		432
Amdocs Ltd		1,653		95
ANSYS Inc *		154		50
Aspen Technology Inc *		476		60
Atlassian Corp PLC, Cl A *		100		18
Autodesk Inc, Cl A *		463		107
Automatic Data Processing Inc		1,240		173
Black Knight Inc *		400		35
Blackbaud Inc, Cl A		800		45
Bottomline Technologies DE Inc *		717		30
Broadridge Financial Solutions Inc		400		53
Cadence Design Systems Inc *		782		83
Cass Information Systems Inc		2,700		109
CDK Global Inc		1,065		46
Citrix Systems Inc		300		41
Cognizant Technology Solutions Corp, Cl A		1,945		135



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
CommVault Systems Inc *		1,200	$	49
CSG Systems International Inc		666		27
Datadog Inc, Cl A *		175		18
Ebix Inc		3,500		72
EPAM Systems Inc *		102		33
Euronet Worldwide Inc *		427		39
Fidelity National Information Services Inc, Cl B		1,118		165
Fiserv Inc, Cl A *		1,300		134
FleetCor Technologies Inc *		205		49
Fortinet Inc *		350		41
Gartner Inc *		500		62
Genpact Ltd		700		27
Global Payments Inc		762		135
Guidewire Software Inc, Cl Z *		500		52
International Business Machines Corp		2,550		310
Intuit Inc		773		252
Jack Henry & Associates Inc		251		41
KBR Inc		5,600		125
Manhattan Associates Inc *		614		59
ManTech International Corp/VA, Cl A		256		18
Mastercard Inc, Cl A		1,913		647
MAXIMUS Inc		600		41
Microsoft Corp (D)		17,134		3,604
MicroStrategy Inc, Cl A *		1,205		181
NortonLifeLock Inc		1,406		29
Nuance Communications Inc *		1,126		37
Oracle Corp, Cl B		4,496		268
PagerDuty Inc *		1,465		40
Palo Alto Networks Inc *		296		72
Paychex Inc		1,375		110
Paycom Software Inc *		51		16
PayPal Holdings Inc *		2,177		429
Pegasystems Inc		470		57
Perspecta Inc		4,915		96
Progress Software Corp		922		34
Proofpoint Inc *		100		11
PTC Inc *		600		50
QAD Inc, Cl A		3,277		138
Qualys Inc *		154		15
salesforce.com Inc *		1,846		464
ServiceNow Inc *		312		151
Slack Technologies Inc, Cl A *		1,514		41
Splunk Inc *		358		67
Square Inc, Cl A *		570		93
SS&C Technologies Holdings Inc		560		34
Synopsys Inc *		461		99
Teradata Corp *		1,000		23
Twilio Inc, Cl A *		200		49
Verint Systems Inc *		600		29
Visa Inc, Cl A		3,787		757
VMware Inc, Cl A *		120		17

SEI Institutional Managed Trust / Annual Report / September 30, 2020

285

CONSOLIDATED SCHEDULE OF INVESTMENTS

September 30, 2020

Multi-Asset Inflation Managed Fund (Continued)



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Western Union Co/The		2,605	$	56
WEX Inc *		200		28
Workday Inc, Cl A *		551		119
Xperi Holding Corp		6,708		77
Zoom Video Communications Inc, Cl A *		112		53


				11,583


Real Estate — 2.5%
Acadia Realty Trust ^‡		3,727		39
Agree Realty Corp ^‡		900		57
Alexander & Baldwin Inc ^‡		2,438		27
Alexander’s Inc ^‡		400		98
Alexandria Real Estate Equities Inc ^‡		1,714		274
American Assets Trust Inc ^‡		1,735		42
American Campus Communities Inc ^‡		3,270		114
American Finance Trust ^‡		1,638		10
American Homes 4 Rent, Cl A ^‡		4,594		131
American Tower Corp, Cl A ^‡		6,197		1,498
Americold Realty Trust ^‡		2,900		104
Apartment Investment and Management Co, Cl A ^‡		2,955		100
Apple Hospitality Inc ^‡		8,014		77
AvalonBay Communities Inc ^‡		2,853		426
Boston Properties Inc ^‡		2,932		235
Brandywine Realty Trust ^‡		5,821		60
Brixmor Property Group Inc ^‡		6,885		80
Brookfield Property Inc, Cl A ^‡		2,800		34
Camden Property Trust ^‡		2,103		187
CareTrust Inc ^‡		2,300		41
CBRE Group Inc, Cl A *^‡		6,176		290
Colony Capital Inc ^‡		1,266		3
Columbia Property Trust Inc ^‡		3,550		39
CoreCivic Inc ^‡		3,867		31
CoreSite Realty Corp ^‡		586		70
Corporate Office Properties Trust ^‡		3,015		71
Cousins Properties Inc ^‡		2,328		67
Crown Castle International Corp ^‡		5,604		933
CubeSmart ^‡		4,881		158
CyrusOne Inc ^‡		1,436		101
Digital Realty Trust Inc, Cl A ^‡		3,457		507
Douglas Emmett Inc ^‡		3,569		90
Duke Realty Corp ^‡		5,465		202
EastGroup Properties Inc ^‡		717		93
Empire State Realty Trust Inc, Cl A ^‡		4,528		28
EPR Properties, Cl A ^‡		1,953		54
Equinix Inc ^‡		1,168		888
Equity Commonwealth ^‡		3,350		89
Equity LifeStyle Properties Inc ^‡		3,000		184
Equity Residential ^‡		6,884		353
Essential Properties Realty Trust Inc ^‡		1,802		33
Essex Property Trust Inc ^‡		1,231		247
Extra Space Storage Inc ^‡		2,481		265
Federal Realty Investment Trust ^‡		1,819		134



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
First Industrial Realty Trust Inc ^‡		2,330	$	93
Forestar Group Inc *^‡		6,400		113
Four Corners Property Trust Inc ^‡		2,300		59
Franklin Street Properties Corp ^‡		8,100		30
Gaming and Leisure Properties Inc ^‡		4,257		157
GEO Group Inc/The ^‡		3,947		45
Getty Realty Corp ^‡		1,300		34
Global Net Lease Inc ^‡		4,147		66
Healthcare Realty Trust Inc ^‡		3,604		109
Healthcare Trust of America Inc, Cl A ^‡		5,141		134
Healthpeak Properties Inc ^‡		9,521		258
Highwoods Properties Inc ^‡		2,751		92
Host Hotels & Resorts Inc ^‡		11,788		127
Howard Hughes Corp/The *^‡		2,509		144
Hudson Pacific Properties Inc ^‡		3,482		76
Industrial Logistics Properties Trust ^‡		1,400		31
Invitation Homes Inc ^‡		8,412		235
Iron Mountain Inc ^‡		5,036		135
JBG SMITH Properties ^‡		3,000		80
Jones Lang LaSalle Inc ^‡		1,124		108
Kennedy-Wilson Holdings Inc ^‡		4,345		63
Kilroy Realty Corp ^‡		2,228		116
Kimco Realty Corp ^‡		9,227		104
Kite Realty Group Trust ^‡		3,000		35
Lamar Advertising Co, Cl A ^‡		1,884		125
Lexington Realty Trust, Cl B ^‡		5,488		57
Life Storage Inc ^‡		900		95
LTC Properties Inc ^‡		1,485		52
Macerich Co/The ^‡		6,297		43
Mack-Cali Realty Corp ^‡		2,924		37
Marcus & Millichap Inc *^‡		600		16
Medical Properties Trust Inc ^‡		6,958		123
Mid-America Apartment Communities Inc ^‡		2,019		234
Monmouth Real Estate Investment Corp, Cl A ^‡		2,406		33
National Health Investors Inc ^‡		1,241		75
National Retail Properties Inc ^‡		3,700		128
National Storage Affiliates Trust ^‡		1,843		60
Newmark Group Inc, Cl A ^‡		12,159		53
Office Properties Income Trust ^‡		433		9
Omega Healthcare Investors Inc ^‡		4,374		131
Outfront Media Inc ^‡		4,122		60
Paramount Group Inc ^‡		6,507		46
Park Hotels & Resorts Inc ^‡		5,754		57
Pebblebrook Hotel Trust ^‡		2,577		32
Physicians Realty Trust ^‡		3,278		59
Piedmont Office Realty Trust Inc, Cl A ^‡		3,766		51
PotlatchDeltic Corp ^‡		1,863		78
Prologis Inc ^‡		9,895		996
PS Business Parks Inc ^‡		902		110
Public Storage ^‡		2,625		585
QTS Realty Trust Inc, Cl A ^‡		502		32

286

SEI Institutional Managed Trust / Annual Report / September 30, 2020



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Rayonier Inc ^‡		3,808	$	101
Realty Income Corp ^‡		6,069		369
Redfin Corp *^‡		609		30
Regency Centers Corp ^‡		3,649		139
Retail Opportunity Investments Corp ^‡		5,400		56
Retail Properties of America Inc, Cl A ^‡		7,590		44
Rexford Industrial Realty Inc ^‡		1,728		79
RLJ Lodging Trust ^‡		4,599		40
Ryman Hospitality Properties Inc ^‡		1,072		39
Sabra Health Care Inc ^‡		4,995		69
Saul Centers Inc ^‡		834		22
SBA Communications Corp, Cl A ^‡		1,645		524
Service Properties Trust ^‡		2,918		23
Simon Property Group Inc ^‡		5,631		364
SITE Centers Corp ^‡		4,485		32
SL Green Realty Corp ^‡		1,456		67
Spirit Realty Capital Inc ^‡		2,741		92
St Joe Co/The *^‡		9,267		191
STAG Industrial Inc ^‡		2,778		85
STORE Capital Corp ^‡		4,455		122
Sun Communities Inc ^‡		1,552		218
Sunstone Hotel Investors Inc ^‡		5,806		46
Tanger Factory Outlet Centers Inc ^‡		3,123		19
Taubman Centers Inc ^‡		614		20
Terreno Realty Corp ^‡		1,078		59
UDR Inc ^‡		5,388		176
Uniti Group Inc ^‡		4,262		45
Universal Health Realty Income Trust ^‡		400		23
Urban Edge Properties ^‡		2,748		27
Ventas Inc ^‡		6,583		276
VEREIT Inc ^‡		16,920		110
VICI Properties Inc ^‡		6,800		159
Vornado Realty Trust ^‡		4,378		148
Washington Real Estate Investment Trust ^‡		2,478		50
Weingarten Realty Investors ^‡		3,162		54
Welltower Inc ^‡		7,056		389
Weyerhaeuser Co ^‡		10,792		308
WP Carey Inc ^‡		3,479		227
Xenia Hotels & Resorts Inc ^‡		2,300		20


				19,247


Utilities — 1.3%
AES Corp/The		6,742		122
ALLETE Inc		2,150		111
Alliant Energy Corp		3,128		162
Ameren Corp		2,054		162
American Electric Power Co Inc		4,279		350
American States Water Co		600		45
American Water Works Co Inc		959		139
Atmos Energy Corp		973		93
Avangrid Inc		2,000		101
Avista Corp		1,700		58
Black Hills Corp, Cl A		1,300		70



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Brookfield Infrastructure, Cl A		2,355	$	130
Brookfield Renewable Partners (E)		571		30
California Water Service Group, Cl A		1,300		57
CenterPoint Energy Inc		6,108		118
Chesapeake Utilities Corp		600		51
Clearway Energy Inc, Cl C		1,319		36
CMS Energy Corp		2,304		142
Consolidated Edison Inc		3,744		291
Dominion Energy Inc		6,807		537
DTE Energy Co		2,133		245
Duke Energy Corp		6,323		560
Edison International		4,180		213
Entergy Corp		2,293		226
Essential Utilities Inc		2,003		81
Evergy Inc		2,101		107
Eversource Energy		2,782		232
Exelon Corp		9,362		335
FirstEnergy Corp		5,922		170
Hawaiian Electric Industries Inc		2,628		87
IDACORP Inc, Cl A		1,200		96
MDU Resources Group Inc		4,145		93
MGE Energy Inc		1,500		94
Middlesex Water Co		700		44
National Fuel Gas Co		1,537		62
New Jersey Resources Corp		1,972		53
NextEra Energy Inc		3,936		1,092
NiSource Inc		3,546		78
Northwest Natural Holding Co		600		27
NorthWestern Corp		1,301		63
NRG Energy Inc		2,905		89
OGE Energy Corp		4,915		147
ONE Gas Inc		1,194		82
Ormat Technologies Inc		900		53
Otter Tail Corp		5,629		204
PG&E Corp *		4,061		38
Pinnacle West Capital Corp		1,750		130
PNM Resources Inc		2,252		93
Portland General Electric Co		2,076		74
PPL Corp		7,716		210
Public Service Enterprise Group Inc		4,837		266
Sempra Energy		2,884		341
SJW Group		800		49
South Jersey Industries Inc, Cl A		1,000		19
Southern Co/The		9,424		511
Southwest Gas Holdings Inc		1,076		68
Spire Inc		1,194		64
UGI Corp		2,647		87
Unitil Corp		600		23
Vistra Corp		5,878		111
WEC Energy Group Inc		2,815		273

SEI Institutional Managed Trust / Annual Report / September 30, 2020

287

CONSOLIDATED SCHEDULE OF INVESTMENTS

September 30, 2020

Multi-Asset Inflation Managed Fund (Continued)



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Xcel Energy Inc		4,574	$	316


				10,011


Total Common Stock (Cost $162,599) ($ Thousands)				180,906


	Face Amount (Thousands)

CORPORATE OBLIGATIONS — 14.7%

Communication Services — 1.0%
AT&T
4.350%, 03/01/2029	$	1,472		1,733
2.750%, 06/01/2031		181		191
Baidu
3.425%, 04/07/2030		201		221
CCO Holdings
5.000%, 02/01/2028 (F)		282		296
4.000%, 03/01/2023 (F)		603		610
Interpublic Group
4.750%, 03/30/2030		455		547
Verizon Communications
5.012%, 04/15/2049		106		153
4.862%, 08/21/2046		279		381
3.000%, 03/22/2027		222		247
ViacomCBS
4.950%, 01/15/2031		223		268
4.200%, 05/19/2032		140		160
Vodafone Group
3.750%, 01/16/2024		1,584		1,729
Weibo
3.375%, 07/08/2030		955		970

				7,506


Consumer Discretionary — 1.9%
Advance Auto Parts
1.750%, 10/01/2027		257		256
AutoNation
4.750%, 06/01/2030		552		650
Booking Holdings
4.625%, 04/13/2030		1,080		1,298
Clarios Global
4.375%, 05/15/2026 (F)	EUR	155		182
Cox Communications
2.950%, 06/30/2023 (F)	$	240		253
CSC Holdings
6.750%, 11/15/2021		160		168
Expedia Group
7.000%, 05/01/2025 (F)		192		208
6.250%, 05/01/2025 (F)		53		59
General Motors
6.800%, 10/01/2027		201		245
6.125%, 10/01/2025		145		168



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

CORPORATE OBLIGATIONS (continued)
General Motors Financial
5.200%, 03/20/2023	$	500	$	543
5.100%, 01/17/2024		858		937
2.700%, 08/20/2027		520		516
Globo Comunicacao e Participacoes
4.875%, 01/22/2030 (F)		413		405
Harley-Davidson Financial Services
3.350%, 06/08/2025 (F)		1,308		1,368
International Game Technology
6.250%, 02/15/2022 (F)		322		329
Kimberly-Clark de Mexico
2.431%, 07/01/2031 (F)		300		305
Las Vegas Sands
3.200%, 08/08/2024		350		354
2.900%, 06/25/2025		600		599
Lear
3.800%, 09/15/2027		97		102
3.500%, 05/30/2030		312		319
Marriott International
5.750%, 05/01/2025		68		76
Nissan Motor
4.345%, 09/17/2027 (F)		1,086		1,088
Ralph Lauren
2.950%, 06/15/2030		1,299		1,356
Ross Stores
4.700%, 04/15/2027		842		992
Royal Caribbean Cruises
11.500%, 06/01/2025 (F)		525		609
10.875%, 06/01/2023 (F)		292		327
Starbucks
4.500%, 11/15/2048		307		375
Time Warner Cable
4.500%, 09/15/2042		330		359
Volkswagen Group of America Finance
2.900%, 05/13/2022 (F)		485		501

				14,947

Consumer Staples — 1.1%
Albertsons
3.500%, 02/15/2023 (F)		814		828
Altria Group
4.800%, 02/14/2029		167		198
3.400%, 05/06/2030		745		813
Anheuser-Busch InBev Worldwide
5.550%, 01/23/2049		755		1,015
4.600%, 06/01/2060		444		535
BAT Capital
4.700%, 04/02/2027		475		545
3.215%, 09/06/2026		891		958
2.259%, 03/25/2028		1,337		1,343
BRF GmbH
4.350%, 09/29/2026		299		310

288

SEI Institutional Managed Trust / Annual Report / September 30, 2020



Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
Coca-Cola
2.950%, 03/25/2025	$	620	$	681
Coca-Cola Femsa
2.750%, 01/22/2030		326		347
1.850%, 09/01/2032		320		321
Tyson Foods
3.950%, 08/15/2024		715		796
Virgolino de Oliveira Finance
10.500%, 01/28/2018 (F)(G)		660		6

				8,696

Energy — 1.8%
Baker Hughes a GE
3.337%, 12/15/2027		501		532
Boardwalk Pipelines
3.400%, 02/15/2031		471		462
BP Capital Markets America
3.194%, 04/06/2025		552		607
Cenovus Energy
4.250%, 04/15/2027		52		47
Energy Transfer Operating
5.200%, 02/01/2022		465		482
3.750%, 05/15/2030		1,549		1,500
Eni
4.250%, 05/09/2029 (F)		900		1,013
Exxon Mobil
2.992%, 03/19/2025		601		659
1.571%, 04/15/2023		855		879
Husky Energy
4.400%, 04/15/2029		1,577		1,645
Marathon Petroleum
5.125%, 03/01/2021		196		199
5.125%, 12/15/2026		227		263
Oleoducto Central
4.000%, 07/14/2027 (F)		438		455
ONEOK
5.850%, 01/15/2026		362		416
Pertamina Persero MTN
6.450%, 05/30/2044		450		583
Petroleos Mexicanos
6.840%, 01/23/2030 (F)		181		161
Petroleos Mexicanos MTN
6.750%, 09/21/2047		380		295
Petronas Capital MTN
4.550%, 04/21/2050 (F)		546		694
Sabine Pass Liquefaction
5.000%, 03/15/2027		720		812
Sunoco
5.875%, 03/15/2028		257		263
4.875%, 01/15/2023		563		566
Tengizchevroil Finance International
3.250%, 08/15/2030 (F)		262		264



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

CORPORATE OBLIGATIONS (continued)
Transocean Poseidon
6.875%, 02/01/2027 (F)	$	294	$	236
Valero Energy
2.700%, 04/15/2023		488		506
Williams
3.900%, 01/15/2025		217		237

				13,776

Financials — 4.8%
ABN AMRO Bank
4.750%, 07/28/2025 (F)		269		303
AIB Group MTN
4.750%, 10/12/2023 (F)		300		326
4.263%, VAR ICE LIBOR USD 3
Month+1.874%, 04/10/2025 (F)		350		376
Aircastle
5.250%, 08/11/2025 (F)		124		121
4.400%, 09/25/2023		71		70
Alleghany
3.625%, 05/15/2030		931		1,047
American Express
3.535%, VAR ICE LIBOR USD 3 Month+3.285%(H)		359		325
Australia & New Zealand Banking Group
4.400%, 05/19/2026 (F)		400		451
Banco de Credito del Peru MTN
3.125%, VAR US Treas Yield Curve Rate T Note Const Mat 5 Yr+3.000%, 07/01/2030 (F)		755		757
Banco Santander
5.179%, 11/19/2025		1,200		1,359
Banco Santander Mexico Institucion de
Banca Multiple Grupo Financiero Santand 5.375%, 04/17/2025 (F)		364		405
Bank of America
6.500%, VAR ICE LIBOR USD 3 Month+4.174%(H)		362		402
6.300%, VAR ICE LIBOR USD 3 Month+4.553%(H)		233		263
Bank of America MTN
3.950%, 04/21/2025		1,205		1,339
3.124%, VAR ICE LIBOR USD 3 Month+1.160%, 01/20/2023		1,200		1,239
Bank of New York Mellon
4.700%, VAR US Treas Yield Curve Rate T Note Const Mat 5 Yr+4.358%(H)		203		215
Banque Federative du Credit Mutuel MTN
2.750%, 10/15/2020 (F)		470		470
Barclays
6.860%, VAR ICE LIBOR USD 6 Month+1.730%, 12/15/2168 (F)		131		166
3.684%, 01/10/2023		695		716

SEI Institutional Managed Trust / Annual Report / September 30, 2020

289

CONSOLIDATED SCHEDULE OF INVESTMENTS

September 30, 2020

Multi-Asset Inflation Managed Fund (Continued)



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

CORPORATE OBLIGATIONS (continued)
BNP Paribas MTN
4.375%, 05/12/2026 (F)	$	650	$	728
Capital One Financial
2.600%, 05/11/2023		416		435
Charles Schwab
5.375%, VAR US Treas Yield Curve Rate T Note Const Mat 5 Yr+4.971%(H)		409		443
CIT Group
5.250%, 03/07/2025		476		504
Citigroup
5.950%, VAR ICE LIBOR USD 3 Month+4.068%(H)		311		319
4.450%, 09/29/2027		858		995
4.375%, VAR ICE LIBOR USD 3 Month+4.095%(H)		320		313
3.875%, 03/26/2025		905		997
3.106%, VAR United States Secured Overnight Financing Rate+2.750%, 04/08/2026		155		168
Commonwealth Bank of Australia
4.500%, 12/09/2025 (F)		400		451
Cooperatieve Rabobank UA
4.375%, 08/04/2025		657		745
Credit Suisse Group
7.500%, VAR USD Swap Semi 30/360 5 Yr Curr+4.598%(F)(H)		200		218
7.500%, VAR USD Swap Semi 30/360 5 Yr Curr+4.600% (H)		645		681
6.375%, VAR US Treas Yield Curve Rate T Note Const Mat 5 Yr+4.822%(F)(H)		365		390
Danske Bank
3.244%, VAR ICE LIBOR USD 3 Month+1.591%, 12/20/2025 (F)		900		955
Deutsche Bank NY
3.961%, VAR United States Secured Overnight Financing Rate+2.581%, 11/26/2025		150		159
Discover Bank
4.682%, VAR USD Swap Semi 30/360 5 Yr Curr+1.730%, 08/09/2028		475		498
Discover Financial Services
6.125%, VAR US Treas Yield Curve Rate T Note Const Mat 5 Yr+5.783%(H)		1,308		1,384
Fifth Third Bancorp
4.500%, VAR US Treas Yield Curve Rate T Note Const Mat 5 Yr+4.215%(H)		247		249
Goldman Sachs Group MTN
2.905%, VAR ICE LIBOR USD 3 Month+0.990%, 07/24/2023		728		755
1.856%, VAR ICE LIBOR USD 3 Month+1.600%, 11/29/2023		900		927



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

CORPORATE OBLIGATIONS (continued)
Guardian Life Insurance of America
4.850%, 01/24/2077 (F)	$	145	$	188
HSBC Holdings
4.292%, VAR ICE LIBOR USD 3 Month+1.348%, 09/12/2026		261		291
4.041%, VAR ICE LIBOR USD 3 Month+1.546%, 03/13/2028		552		610
ING Groep
3.550%, 04/09/2024		500		545
Intesa Sanpaolo MTN
5.017%, 06/26/2024 (F)		335		352
JPMorgan Chase
2.083%, VAR United States Secured Overnight Financing Rate+1.850%, 04/22/2026		605		633
Lincoln National
4.200%, 03/15/2022		355		375
MetLife
5.700%, 06/15/2035		80		117
Metropolitan Life Global Funding I
3.875%, 04/11/2022 (F)		275		289
Morgan Stanley
4.085%, VAR ICE LIBOR USD 3 Month+3.810%(H)		160		156
Morgan Stanley MTN
5.000%, 11/24/2025		171		201
4.350%, 09/08/2026		854		989
Nationwide Building Society
4.000%, 09/14/2026 (F)		747		809
Nationwide Financial Services
5.375%, 03/25/2021 (F)		470		480
Natwest Group
2.540%, VAR ICE LIBOR USD 3 Month+2.320%(H)		600		570
Navient
6.625%, 07/26/2021		770		782
Navient MTN
7.250%, 01/25/2022		52		53
Royal Bank of Scotland Group
8.625%, VAR USD Swap Semi 30/360 5 Yr Curr+7.598%(H)		425		436
Santander Holdings USA
4.400%, 07/13/2027		405		446
Santander UK
5.000%, 11/07/2023 (F)		246		268
Standard Chartered
7.750%, VAR USD Swap Semi 30/360 5 Yr Curr+5.723%(F)(H)		200		213
7.500%, VAR USD Swap Semi 30/360 5 Yr Curr+6.301%(H)		412		421
1.778%, VAR ICE LIBOR USD 3 Month+1.510% (F)(H)		400		339

290

SEI Institutional Managed Trust / Annual Report / September 30, 2020



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

CORPORATE OBLIGATIONS (continued)
State Street
2.901%, VAR United States Secured Overnight Financing Rate+2.600%, 03/30/2026 (F)	$	63	$	69
Synchrony Financial
4.500%, 07/23/2025		945		1,043
Truist Financial
5.100%, VAR US Treas Yield Curve Rate T Note Const Mat 10 Yr+4.349%(H)		829		896
UniCredit
2.569%, VAR US Treas Yield Curve Rate T Note Const Mat 1 Yr+2.300%, 09/22/2026 (F)		1,335		1,323
US Bancorp
5.300%, VAR ICE LIBOR USD 3 Month+2.914%(H)		474		512
Voya Financial
5.650%, VAR ICE LIBOR USD 3 Month+3.580%, 05/15/2053		258		265
Wells Fargo
2.188%, VAR United States Secured Overnight Financing Rate+2.000%, 04/30/2026		433		452
Wells Fargo MTN
4.300%, 07/22/2027		346		396


				37,183

Health Care — 0.4%
AbbVie
4.875%, 11/14/2048		237		301
Centene
4.625%, 12/15/2029		167		180
4.250%, 12/15/2027		146		153
Cigna
4.375%, 10/15/2028		382		454
4.125%, 11/15/2025		286		328
3.750%, 07/15/2023		161		174
Mylan
3.950%, 06/15/2026		437		492
Royalty Pharma
1.750%, 09/02/2027 (F)		151		151
Takeda Pharmaceutical
4.400%, 11/26/2023		820		911


				3,144

Industrials — 1.2%
AerCap Ireland Capital DAC
6.500%, 07/15/2025		190		205
4.500%, 09/15/2023		359		370
4.450%, 04/03/2026		173		172
4.125%, 07/03/2023		260		265
3.300%, 01/23/2023		260		261



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

CORPORATE OBLIGATIONS (continued)
Air Lease
3.875%, 07/03/2023	$	75	$	78
Air Lease MTN
4.250%, 02/01/2024		304		317
Alfa
5.250%, 03/25/2024 (F)		660		696
Aviation Capital Group
5.500%, 12/15/2024 (F)		455		470
4.875%, 10/01/2025 (F)		182		179
4.375%, 01/30/2024 (F)		161		160
4.125%, 08/01/2025 (F)		6		6
3.875%, 05/01/2023 (F)		351		347
3.500%, 11/01/2027 (F)		107		95
2.875%, 01/20/2022 (F)		75		74
Delta Air Lines
4.750%, 10/20/2028 (F)		475		493
4.500%, 10/20/2025 (F)		409		420
Embraer Netherlands Finance BV
6.950%, 01/17/2028 (F)		236		239
5.400%, 02/01/2027		670		636
Empresa de Transporte de Pasajeros Metro
3.650%, 05/07/2030 (F)		200		222
GE Capital Funding
4.400%, 05/15/2030 (F)		470		505
4.050%, 05/15/2027 (F)		207		223
General Electric
3.450%, 05/01/2027		267		283
0.875%, 05/17/2025	EUR	825		962
Lima Metro Line 2 Finance
5.875%, 07/05/2034	$	239		292
4.350%, 04/05/2036 (F)		225		248
Odebrecht Finance
7.125%, 06/26/2042 (F)(G)		444		26
Rumo Luxembourg Sarl
5.875%, 01/18/2025 (F)		409		428
Southwest Airlines
5.250%, 05/04/2025		284		313
4.750%, 05/04/2023		235		251
TransDigm
6.250%, 03/15/2026 (F)		405		423
Westinghouse Air Brake Technologies
3.200%, 06/15/2025		141		149


				9,808

Information Technology — 0.9%
Analog Devices
2.950%, 04/01/2025		70		76
Broadcom
4.700%, 04/15/2025		33		38
4.250%, 04/15/2026		113		127
4.150%, 11/15/2030		855		960
4.110%, 09/15/2028		573		646

SEI Institutional Managed Trust / Annual Report / September 30, 2020

291

CONSOLIDATED SCHEDULE OF INVESTMENTS

September 30, 2020

Multi-Asset Inflation Managed Fund (Continued)



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

CORPORATE OBLIGATIONS (continued)
3.875%, 01/15/2027	$	796	$	882
3.500%, 01/15/2028		87		94
Infor
1.750%, 07/15/2025 (F)		340		350
Lam Research
2.800%, 06/15/2021		640		650
Mastercard
3.300%, 03/26/2027		330		376
NXP BV
2.700%, 05/01/2025 (F)		106		112
Oracle
2.500%, 04/01/2025		834		894
Prosus MTN
4.027%, 08/03/2050 (F)		406		415
Seagate HDD Cayman
4.091%, 06/01/2029 (F)		214		233
Tencent Holdings MTN
3.240%, 06/03/2050 (F)		439		446
1.810%, 01/26/2026 (F)		649		662


				6,961

Materials — 1.1%
Alpek
4.250%, 09/18/2029 (F)		203		201
Braskem Netherlands Finance BV
4.500%, 01/31/2030 (F)		485		453
Celulosa Arauco y Constitucion
4.200%, 01/29/2030 (F)		380		402
Cemex
7.375%, 06/05/2027 (F)		274		296
DuPont de Nemours
4.493%, 11/15/2025		690		795
4.205%, 11/15/2023		690		758
Eastman Chemical Co
3.800%, 03/15/2025		318		351
Fresnillo
4.250%, 10/02/2050 (F)		1,335		1,308
GUSAP III
4.250%, 01/21/2030 (F)		675		703
Indonesia Asahan Aluminium Persero
4.750%, 05/15/2025 (F)		342		376
Industrias Penoles
4.750%, 08/06/2050 (F)		295		305
Inversiones CMPC
4.375%, 05/15/2023		389		413
4.375%, 04/04/2027		1,080		1,203
Nacional del Cobre de Chile
3.750%, 01/15/2031 (F)		201		223
3.150%, 01/14/2030 (F)		455		484
Nutrition & Biosciences
1.832%, 10/15/2027 (F)		232		233



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

CORPORATE OBLIGATIONS (continued)
Suzano Austria GmbH
3.750%, 01/15/2031	$	173	$	174

				8,678

Real Estate — 0.1%
Host Hotels & Resorts
3.750%, 10/15/2023		16		17
Welltower
4.000%, 06/01/2025		180		202
3.625%, 03/15/2024		80		87
3.100%, 01/15/2030		134		142
2.750%, 01/15/2031		166		171

				619

Utilities — 0.4%
AES Panama Generation Holdings SRL
4.375%, 05/31/2030 (F)		304		312
Colbun
3.150%, 03/06/2030 (F)		400		432
Enel Chile
4.875%, 06/12/2028		650		770
Israel Electric
5.000%, 11/12/2024 (F)		792		891
Kentucky Utilities
3.300%, 06/01/2050		382		420
NextEra Energy Capital Holdings
2.750%, 05/01/2025		170		184
Perusahaan Listrik Negara MTN
6.150%, 05/21/2048		230		296
Terraform Global Operating
6.125%, 03/01/2026 (F)		74		75


				3,380


Total Corporate Obligations (Cost $109,377) ($ Thousands)				114,698


MORTGAGE-BACKED SECURITIES — 8.1%

Agency Mortgage-Backed Obligations — 0.7%
FHLMC CMO, Ser 2017-4693, Cl SL, IO
5.998%, VAR ICE LIBOR USD 1 Month+6.150%, 06/15/2047		1,952		443
FHLMC CMO, Ser 2017-4727, Cl SA, IO
6.048%, VAR ICE LIBOR USD 1 Month+6.200%, 11/15/2047		1,634		326
FHLMC CMO, Ser 2020-4976, Cl MI, IO
4.500%, 05/25/2050		3,748		605
FHLMC CMO, Ser 2020-4981, Cl HS, IO
5.948%, VAR ICE LIBOR USD 1 Month+6.100%, 06/25/2050		5,306		963

292

SEI Institutional Managed Trust / Annual Report / September 30, 2020



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

MORTGAGE-BACKED SECURITIES (continued)
FNMA CMO, Ser 2011-131, Cl ST, IO
6.392%, VAR ICE LIBOR USD 1 Month+6.540%, 12/25/2041	$	983	$	231
FNMA CMO, Ser 2014-17, Cl SA, IO
5.902%, VAR ICE LIBOR USD 1 Month+6.050%, 04/25/2044		2,400		612
FNMA CMO, Ser 2014-78, Cl SE, IO
5.952%, VAR ICE LIBOR USD 1 Month+6.100%, 12/25/2044		1,630		320
FNMA CMO, Ser 2016-77, Cl DS, IO
5.852%, VAR ICE LIBOR USD 1 Month+6.000%, 10/25/2046		1,638		326
FNMA CMO, Ser 2017-62, Cl AS, IO
6.002%, VAR ICE LIBOR USD 1 Month+6.150%, 08/25/2047		1,913		352
FNMA CMO, Ser 2017-81, Cl SA, IO
6.052%, VAR ICE LIBOR USD 1 Month+6.200%, 10/25/2047		1,970		437
FNMA CMO, Ser 2017-97, Cl LS, IO
6.052%, VAR ICE LIBOR USD 1 Month+6.200%, 12/25/2047		2,139		549
GNMA CMO, Ser 2017-122, Cl SA, IO
6.044%, VAR ICE LIBOR USD 1 Month+6.200%, 08/20/2047		1,357		279
GNMA CMO, Ser 2017-134, Cl SE, IO
6.044%, VAR ICE LIBOR USD 1 Month+6.200%, 09/20/2047		1,400		231


				5,674


Non-Agency Mortgage-Backed Obligations — 7.4%
Alternative Loan Trust, Ser 2005-20CB, Cl 3A6
5.500%, 07/25/2035		70		64
Alternative Loan Trust, Ser 2005-57CB, Cl 4A3
5.500%, 12/25/2035		4		4
Alternative Loan Trust, Ser 2006-24CB, Cl A16
5.750%, 08/25/2036		323		256
Alternative Loan Trust, Ser 2006-28CB, Cl A14
6.250%, 10/25/2036		236		178
Alternative Loan Trust, Ser 2006-J1, Cl 1A13
5.500%, 02/25/2036		159		144
Ashford Hospitality Trust, Ser 2018-KEYS, Cl A
1.152%, VAR ICE LIBOR USD 1 Month+1.000%, 06/15/2035 (F)		1,000		954
BAMLL Commercial Mortgage Securities Trust, Ser 2013-WBRK, Cl D
3.652%, 03/10/2037 (F)(I)		365		323



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

MORTGAGE-BACKED SECURITIES (continued)
BAMLL Commercial Mortgage Securities Trust, Ser 2017-SCH, Cl AF
1.152%, VAR ICE LIBOR USD 1 Month+1.000%, 11/15/2033 (F)	$	1,610	$	1,523
Bellemeade Re, Ser 2018-2A, Cl M1B
1.498%, VAR ICE LIBOR USD 1 Month+1.350%, 08/25/2028 (F)		30		30
Bellemeade Re, Ser 2018-3A, Cl M1B
1.998%, VAR ICE LIBOR USD 1 Month+1.850%, 10/25/2028 (F)		311		309
Bellemeade Re, Ser 2019-1A, Cl M1B
1.898%, VAR ICE LIBOR USD 1 Month+1.750%, 03/25/2029 (F)		675		674
Bellemeade Re, Ser 2019-2A, Cl M1C
2.148%, VAR ICE LIBOR USD 1 Month+2.000%, 04/25/2029 (F)		481		475
Bellemeade Re, Ser 2019-3A, Cl M1C
2.098%, VAR ICE LIBOR USD 1 Month+1.950%, 07/25/2029 (F)		340		323
Bellemeade Re, Ser 2019-3A, Cl M1B
1.748%, VAR ICE LIBOR USD 1 Month+1.600%, 07/25/2029 (F)		466		456
Bellemeade Re, Ser 2019-4A, Cl M1B
2.175%, VAR ICE LIBOR USD 1 Month+2.000%, 10/25/2029 (F)		675		653
Bellemeade Re, Ser 2020-2A, Cl M1B
3.348%, VAR ICE LIBOR USD 1 Month+3.200%, 08/26/2030 (F)		403		406
BFLD, Ser 2019-DPLO, Cl D
1.992%, VAR ICE LIBOR USD 1 Month+1.840%, 10/15/2034 (F)		332		303
BHMS, Ser 2018-ATLS, Cl A
1.402%, VAR ICE LIBOR USD 1 Month+1.250%, 07/15/2035 (F)		774		742
BX Trust, Ser 2018-EXCL, Cl A
1.240%, VAR ICE LIBOR USD 1 Month+1.088%, 09/15/2037 (F)		867		789
CCUBS Commercial Mortgage Trust, Ser 2017-C1, Cl A4
3.544%, 11/15/2050 (I)		1,115		1,272
CFCRE Commercial Mortgage Trust, Ser 2016-C4, Cl A4
3.283%, 05/10/2058		670		726
CGRBS Commercial Mortgage Trust, Ser 2013-VN05, Cl A
3.369%, 03/13/2035 (F)		915		964
Chase Mortgage Finance Trust, Ser 2007-S5, Cl 1A17
6.000%, 07/25/2037		112		81
Chase Mortgage Reference Notes, Ser 2019- CL1, Cl M3
2.248%, VAR ICE LIBOR USD 1 Month+2.100%, 04/25/2047 (F)		186		186

SEI Institutional Managed Trust / Annual Report / September 30, 2020

293

CONSOLIDATED SCHEDULE OF INVESTMENTS

September 30, 2020

Multi-Asset Inflation Managed Fund (Continued)



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

MORTGAGE-BACKED SECURITIES (continued)
CHL Mortgage Pass-Through Trust, Ser 2006- 10, Cl 1A8
6.000%, 05/25/2036	$	165	$	125
CHL Mortgage Pass-Through Trust, Ser 2006- 13, Cl 1A19
6.250%, 09/25/2036		80		56
Citigroup Commercial Mortgage Trust, Ser 2013-GC11, Cl D
4.563%, 04/10/2046 (F)(I)		343		324
Citigroup Commercial Mortgage Trust, Ser 2015-GC27, Cl A5
3.137%, 02/10/2048		980		1,060
Citigroup Commercial Mortgage Trust, Ser 2015-GC35, Cl A4
3.818%, 11/10/2048		435		488
Citigroup Commercial Mortgage Trust, Ser 2016-GC36, Cl A5
3.616%, 02/10/2049		540		605
Citigroup Commercial Mortgage Trust, Ser 2017-P8, Cl AS
3.789%, 09/15/2050 (I)		411		464
CLNY Trust, Ser 2019-IKPR, Cl D
2.177%, VAR ICE LIBOR USD 1 Month+2.025%, 11/15/2038 (F)		680		615
COMM Mortgage Trust, Ser 2010-C1, Cl D
6.050%, 07/10/2046 (F)(I)		740		737
COMM Mortgage Trust, Ser 2013-CR12, Cl A4
4.046%, 10/10/2046		870		947
COMM Mortgage Trust, Ser 2015-3BP, Cl A
3.178%, 02/10/2035 (F)		200		214
COMM Mortgage Trust, Ser 2015-CR24, Cl A5
3.696%, 08/10/2048		545		610
COMM Mortgage Trust, Ser 2015-DC1, Cl A5
3.350%, 02/10/2048		250		272
Commercial Mortgage Pass-Through Certificates, Ser 2013-SFS, Cl A1
1.873%, 04/12/2035 (F)		138		137
Connecticut Avenue Securities Trust, Ser 2018-R07, Cl 1M2
2.548%, VAR ICE LIBOR USD 1 Month+2.400%, 04/25/2031 (F)		282		281
Connecticut Avenue Securities Trust, Ser 2019-R02, Cl 1M2
2.448%, VAR ICE LIBOR USD 1 Month+2.300%, 08/25/2031 (F)		181		180
Connecticut Avenue Securities Trust, Ser 2019-R03, Cl 1M2
2.298%, VAR ICE LIBOR USD 1 Month+2.150%, 09/25/2031 (F)		100		100
Connecticut Avenue Securities Trust, Ser 2019-R04, Cl 2M2
2.248%, VAR ICE LIBOR USD 1 Month+2.100%, 06/25/2039 (F)		364		362



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

MORTGAGE-BACKED SECURITIES (continued)
Connecticut Avenue Securities Trust, Ser 2019-R05, Cl 1M2
2.148%, VAR ICE LIBOR USD 1 Month+2.000%, 07/25/2039 (F)	$	210	$	208
Connecticut Avenue Securities Trust, Ser 2019-R06, Cl 2M2
2.248%, VAR ICE LIBOR USD 1 Month+2.100%, 09/25/2039 (F)		458		455
Connecticut Avenue Securities Trust, Ser 2019-R07, Cl 1M2
2.248%, VAR ICE LIBOR USD 1 Month+2.100%, 10/25/2039 (F)		750		746
CSAIL Commercial Mortgage Trust, Ser 2015- C2, Cl A4
3.504%, 06/15/2057		436		480
CSAIL Commercial Mortgage Trust, Ser 2015- C4, Cl A4
3.808%, 11/15/2048		1,090		1,212
DBWF Mortgage Trust, Ser 2018-GLKS, Cl A
1.186%, VAR ICE LIBOR USD 1 Month+1.030%, 12/19/2030 (F)		761		738
Deutsche Alt-A Securities Mortgage Loan Trust, Ser 2006-AR4, Cl A2
0.338%, VAR ICE LIBOR USD 1 Month+0.190%, 12/25/2036		422		219
Eagle RE, Ser 2020-1, Cl M1A
1.048%, VAR ICE LIBOR USD 1 Month+0.900%, 01/25/2030 (F)		790		784
FHLMC STACR Remic Trust, Ser 2020-DNA1, Cl M2
1.848%, VAR ICE LIBOR USD 1 Month+1.700%, 01/25/2050 (F)		670		655
FHLMC STACR Trust, Ser 2019-DNA3, Cl M2
2.198%, VAR ICE LIBOR USD 1 Month+2.050%, 07/25/2049 (F)		52		51
FHLMC STACR Trust, Ser 2019-DNA4, Cl M2 2.098%, VAR ICE LIBOR USD 1
Month+1.950%, 10/25/2049 (F)		563		556
FHLMC STACR Trust, Ser 2019-FTR2, Cl M2
2.298%, VAR ICE LIBOR USD 1 Month+2.150%, 11/25/2048 (F)		363		341
FHLMC STACR Trust, Ser 2019-HQA3, Cl M2
1.998%, VAR ICE LIBOR USD 1 Month+1.850%, 09/25/2049 (F)		319		312
FHLMC Structured Agency Credit Risk Debt Notes, Ser 2017-DNA3, Cl M2
2.648%, VAR ICE LIBOR USD 1 Month+2.500%, 03/25/2030		450		454
FHLMC Structured Agency Credit Risk Debt Notes, Ser 2017-HQA1, Cl M2
3.698%, VAR ICE LIBOR USD 1 Month+3.550%, 08/25/2029		644		663

294

SEI Institutional Managed Trust / Annual Report / September 30, 2020



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

MORTGAGE-BACKED SECURITIES (continued)
FHLMC Structured Agency Credit Risk Debt Notes, Ser 2017-HQA2, Cl M2
2.798%, VAR ICE LIBOR USD 1 Month+2.650%, 12/25/2029	$	234	$	231
FHLMC Structured Agency Credit Risk Debt Notes, Ser 2017-HQA3, Cl M2
2.498%, VAR ICE LIBOR USD 1 Month+2.350%, 04/25/2030		695		699
First Horizon Alternative Mortgage Securities Trust, Ser 2006-FA3, Cl A9
6.000%, 07/25/2036		160		113
FNMA Connecticut Avenue Securities, Ser 2015-C01, Cl 1M2
4.448%, VAR ICE LIBOR USD 1 Month+4.300%, 02/25/2025		329		334
FNMA Connecticut Avenue Securities, Ser 2015-C02, Cl 1M2
4.148%, VAR ICE LIBOR USD 1 Month+4.000%, 05/25/2025		430		435
FNMA Connecticut Avenue Securities, Ser 2015-C02, Cl 2M2
4.148%, VAR ICE LIBOR USD 1 Month+4.000%, 05/25/2025		158		160
FNMA Connecticut Avenue Securities, Ser 2015-C03, Cl 1M2
5.148%, VAR ICE LIBOR USD 1 Month+5.000%, 07/25/2025		435		445
FNMA Connecticut Avenue Securities, Ser 2015-C03, Cl 2M2
5.148%, VAR ICE LIBOR USD 1 Month+5.000%, 07/25/2025		329		337
FNMA Connecticut Avenue Securities, Ser 2015-C04, Cl 1M2
5.848%, VAR ICE LIBOR USD 1 Month+5.700%, 04/25/2028		145		151
FNMA Connecticut Avenue Securities, Ser 2016-C05, Cl 2M2
4.598%, VAR ICE LIBOR USD 1 Month+4.450%, 01/25/2029		482		497
FNMA Connecticut Avenue Securities, Ser 2016-C06, Cl 1M2
4.398%, VAR ICE LIBOR USD 1 Month+4.250%, 04/25/2029		183		187
FNMA Connecticut Avenue Securities, Ser 2016-C07, Cl 2M2
4.498%, VAR ICE LIBOR USD 1 Month+4.350%, 05/25/2029		161		167
FNMA Connecticut Avenue Securities, Ser 2017-C01, Cl 1M2
3.698%, VAR ICE LIBOR USD 1 Month+3.550%, 07/25/2029		490		504



Description	Face Amount (Thousands)		Market Value ($ Thousands)
MORTGAGE-BACKED SECURITIES (continued)
FNMA Connecticut Avenue Securities, Ser 2017-C04, Cl 2M2
2.998%, VAR ICE LIBOR USD 1 Month+2.850%, 11/25/2029	$	605	$	600
GS Mortgage Securities Trust, Ser 2011-GC5, Cl D
5.555%, 08/10/2044 (F)(I)		80		64
GS Mortgage Securities Trust, Ser 2014-GC18, Cl D
5.155%, 01/10/2047 (F)(I)		679		481
GS Mortgage Securities Trust, Ser 2014- GC22, Cl A5
3.862%, 06/10/2047		789		861
GS Mortgage Securities Trust, Ser 2018-GS9, Cl A4
3.992%, 03/10/2051 (I)		1,350		1,575
GS Mortgage Securities Trust, Ser 2019- BOCA, Cl A
1.352%, VAR ICE LIBOR USD 1
Month+1.200%, 06/15/2038 (F)		331		323
GS Mortgage Securities Trust, Ser 2019-SMP, Cl A
1.302%, VAR ICE LIBOR USD 1 Month+1.150%, 08/15/2032 (F)		450		434
HomeBanc Mortgage Trust, Ser 2005-1, Cl A1
0.398%, VAR ICE LIBOR USD 1 Month+0.250%, 03/25/2035		107		93
JPMBB Commercial Mortgage Securities Trust, Ser 2014-C21, Cl A5
3.775%, 08/15/2047		925		1,013
JPMBB Commercial Mortgage Securities Trust, Ser 2014-C22, Cl XA, IO
0.984%, 09/15/2047 (I)		17,900		487
JPMBB Commercial Mortgage Securities Trust, Ser 2015-C30, Cl A5
3.822%, 07/15/2048		540		606
JPMBB Commercial Mortgage Securities Trust, Ser 2015-C31, Cl A3
3.801%, 08/15/2048		1,092		1,223
JPMCC Commercial Mortgage Securities Trust, Ser 2017-JP7, Cl XA, IO
1.206%, 09/15/2050 (I)		6,661		345
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2014-C20, Cl A5
3.805%, 07/15/2047		900		982
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2020-NNN, Cl EFL
2.002%, VAR ICE LIBOR USD 1 Month+1.850%, 01/16/2037 (F)		108		99
LB-UBS Commercial Mortgage Trust, Ser 2006-C6, Cl AJ
5.452%, 09/15/2039 (I)		212		123

SEI Institutional Managed Trust / Annual Report / September 30, 2020

295

CONSOLIDATED SCHEDULE OF INVESTMENTS

September 30, 2020

Multi-Asset Inflation Managed Fund (Continued)



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

MORTGAGE-BACKED SECURITIES (continued)
LSTAR Commercial Mortgage Trust, Ser 2016- 4, Cl A2
2.579%, 03/10/2049 (F)	$	869	$	883
Morgan Stanley Bank of America Merrill Lynch Trust, Ser 2014-C16, Cl A5
3.892%, 06/15/2047		920		1,001
Morgan Stanley Capital I Trust, Ser 2011-C1, Cl D
5.675%, 09/15/2047 (F)(I)		100		100
Morgan Stanley Capital I Trust, Ser 2015- XLF2, Cl SNMA
2.102%, VAR ICE LIBOR USD 1 Month+1.950%, 11/15/2026 (F)		204		173
Morgan Stanley Capital I Trust, Ser 2016- UB12, Cl A4
3.596%, 12/15/2049		835		940
Mortgage Insurance-Linked Notes, Ser 2019- 1, Cl M1
2.048%, VAR ICE LIBOR USD 1 Month+1.900%, 11/26/2029 (F)		553		542
Natixis Commercial Mortgage Securities Trust, Ser 2018-850T, Cl A
0.936%, VAR ICE LIBOR USD 1 Month+0.784%, 07/15/2033 (F)		910		894
Natixis Commercial Mortgage Securities Trust, Ser 2019-MILE, Cl A
1.652%, VAR ICE LIBOR USD 1 Month+1.500%, 07/15/2036 (F)		313		310
PMT Credit Risk Transfer Trust, Ser 2019-1R, Cl A
2.146%, VAR ICE LIBOR USD 1 Month+2.000%, 03/27/2024 (F)		214		192
PMT Credit Risk Transfer Trust, Ser 2019-2R, Cl A
2.896%, VAR ICE LIBOR USD 1 Month+2.750%, 05/27/2023 (F)		384		360
PMT Credit Risk Transfer Trust, Ser 2019-3R, Cl A
2.846%, VAR ICE LIBOR USD 1 Month+2.700%, 10/27/2022 (F)		140		134
PMT Credit Risk Transfer Trust, Ser 2020-1R, Cl A
2.496%, VAR ICE LIBOR USD 1 Month+2.350%, 02/27/2023 (F)		466		451
Radnor RE, Ser 2019-1, Cl M1B
2.098%, VAR ICE LIBOR USD 1 Month+1.950%, 02/25/2029 (F)		423		417
Radnor RE, Ser 2019-2, Cl M1B
1.898%, VAR ICE LIBOR USD 1 Month+1.750%, 06/25/2029 (F)		486		482
Radnor RE, Ser 2020-1, Cl M1A
1.098%, VAR ICE LIBOR USD 1 Month+0.950%, 02/25/2030 (F)		289		288



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

MORTGAGE-BACKED SECURITIES (continued)
Radnor RE, Ser 2020-2, Cl M1C
4.746%, VAR ICE LIBOR USD 1 Month+4.600%, 10/25/2030 (F)	$	446	$	446
Starwood Retail Property Trust, Ser 2014- STAR, Cl A
1.622%, VAR ICE LIBOR USD 1 Month+1.470%, 11/15/2027 (F)		1,611		1,153
UBS Commercial Mortgage Trust, Ser 2018- C10, Cl A4
4.313%, 05/15/2051		1,155		1,360
UBS Commercial Mortgage Trust, Ser 2018- C8, Cl A4
3.983%, 02/15/2051		900		1,041
UBS Commercial Mortgage Trust, Ser 2018- C9, Cl A4
4.117%, 03/15/2051 (I)		1,410		1,638
UBS-Barclays Commercial Mortgage Trust, Ser 2012-C4, Cl A5
2.850%, 12/10/2045		596		618
Wells Fargo Commercial Mortgage Trust, Ser 2015-SG1, Cl A4
3.789%, 09/15/2048		483		532
Wells Fargo Commercial Mortgage Trust, Ser 2015-SG1, Cl C
4.611%, 09/15/2048 (I)		794		749
Wells Fargo Commercial Mortgage Trust, Ser 2016-C35, Cl XA, IO
2.092%, 07/15/2048 (I)		3,781		314
Wells Fargo Commercial Mortgage Trust, Ser 2016-NXS6, Cl C
4.458%, 11/15/2049 (I)		925		900
Wells Fargo Commercial Mortgage Trust, Ser 2018-C48, Cl A5
4.302%, 01/15/2052		106		126
Wells Fargo Credit Risk Transfer Securities Trust, Ser 2015-WF1, Cl 2M2
5.648%, VAR ICE LIBOR USD 1 Month+5.500%, 11/25/2025 (F)		113		90
Wells Fargo Credit Risk Transfer Securities Trust, Ser 2015-WF1, Cl 1M2
5.398%, VAR ICE LIBOR USD 1 Month+5.250%, 11/25/2025 (F)		381		301


				57,290


Total Mortgage-Backed Securities (Cost $61,854) ($ Thousands)				62,964

296

SEI Institutional Managed Trust / Annual Report / September 30, 2020



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

U.S. GOVERNMENT AGENCY OBLIGATIONS — 7.1%
FFCB
2.050%, 11/25/2025	$	2,800	$	2,803
1.150%, 04/09/2025		2,000		2,001
1.000%, 06/30/2022		–		–
0.950%, 04/08/2022		4,300		4,301
0.520%, VAR US Treasury 3 Month Bill Money Market Yield+0.420%, 11/07/2022		1,200		1,208
0.450%, VAR United States Secured Overnight Financing Rate+0.380%, 05/08/2023		6,000		6,038
0.380%, VAR United States Secured Overnight Financing Rate+0.310%, 11/07/2022		2,500		2,511
0.370%, VAR US Treasury 3 Month Bill Money Market Yield+0.270%, 05/16/2022		3,000		3,009
0.170%, VAR United States Secured Overnight Financing Rate+0.090%, 09/23/2022		500		500
FHLB DN(A)
0.110%, 03/03/2021 (B)		2,000		1,999
FHLMC
0.450%, 07/28/2023		2,000		2,001
0.375%, 05/05/2023		1,000		1,004
0.375%, 07/21/2025		1,400		1,400
FHLMC MTN
0.900%, 07/20/2026		1,700		1,697
0.270%, VAR United States Secured Overnight Financing Rate+0.190%, 06/02/2022		1,000		1,002
0.230%, VAR United States Secured Overnight Financing Rate+0.150%, 03/04/2022 (N)		2,000		2,002
0.225%, VAR United States Secured Overnight Financing Rate+0.145%, 12/09/2021		1,500		1,502
0.200%, VAR United States Secured Overnight Financing Rate+0.130%, 08/05/2022		2,600		2,603



Description	Face Amount (Thousands)		Market Value ($ Thousands)
U.S. GOVERNMENT AGENCY OBLIGATIONS (continued)
FNMA
0.625%, 04/22/2025	$	1,300	$	1,318
0.500%, 06/17/2025		1,500		1,507
0.470%, VAR United States Secured Overnight Financing Rate+0.390%, 04/15/2022		2,100		2,110
0.440%, VAR United States Secured Overnight Financing Rate+0.360%, 01/20/2022		2,300		2,309
0.420%, VAR United States Secured Overnight Financing Rate+0.350%, 04/07/2022 (N)		3,800		3,816
0.400%, VAR United States Secured Overnight Financing Rate+0.320%, 10/22/2021		1,800		1,805
0.380%, VAR United States Secured Overnight Financing Rate+0.300%, 01/27/2022		1,700		1,705
0.250%, 05/22/2023		1,500		1,501
0.250%, 07/10/2023		1,100		1,100
0.190%, VAR United States Secured Overnight Financing Rate+0.110%, 03/04/2022		1,000		1,001


Total U.S. Government Agency Obligations (Cost $55,585) ($ Thousands)				55,753


SOVEREIGN DEBT — 3.1%
Abu Dhabi Government International Bond MTN
3.875%, 04/16/2050 (F)		418		510
2.500%, 04/16/2025 (F)		477		506
1.700%, 03/02/2031 (F)		616		609
Brazilian Government International Bond
2.875%, 06/06/2025		595		600
Canadian Government Real Return Bond
0.500%, 12/01/2050	CAD	3,368		3,069
Colombia Government International Bond
3.125%, 04/15/2031	$	225		231
Dominican Republic International Bond
4.875%, 09/23/2032 (F)		923		918
Egypt Government International Bond MTN
6.125%, 01/31/2022 (F)		291		298
Financiera de Desarrollo
2.400%, 09/28/2027 (F)		1,068		1,077
Israel Government International Bond
3.875%, 07/03/2050		503		604
Japanese Government CPI Linked Bond
0.100%, 03/10/2027	JPY	478,784		4,522
Malaysia Government International Bond
3.882%, 03/10/2022	MYR	4,695		1,163

SEI Institutional Managed Trust / Annual Report / September 30, 2020

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September 30, 2020

Multi-Asset Inflation Managed Fund (Continued)



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

SOVEREIGN DEBT (continued)
Mexico Government International Bond
3.900%, 04/27/2025	$	563	$	615
Qatar Government International Bond
3.400%, 04/16/2025 (F)		298		327
Saudi Government International Bond MTN
2.900%, 10/22/2025 (F)		824		880
South Africa Government International Bond
8.000%, 01/31/2030	ZAR	132,955		7,274
UBS Group
7.125%, VAR USD Swap Semi 30/360 5 Yr Curr+5.883%, 08/10/2168	$	606		621
Uruguay Government International Bond
4.375%, 01/23/2031		187		222


Total Sovereign Debt (Cost $23,245) ($ Thousands)				24,046


ASSET-BACKED SECURITIES — 2.2%

Automotive — 1.0%
Avis Budget Rental Car Funding AESOP,
Ser 2016-1A, Cl A 2.990%, 06/20/2022 (F)		646		651
Avis Budget Rental Car Funding AESOP,
Ser 2018-1A, Cl A 3.700%, 09/20/2024 (F)		930		977
Avis Budget Rental Car Funding AESOP,
Ser 2018-2A, Cl A 4.000%, 03/20/2025 (F)		1,080		1,156
Exeter Automobile Receivables Trust,
Ser 2016-1A, Cl D 8.200%, 02/15/2023 (F)		306		307
Exeter Automobile Receivables Trust,
Ser 2019-3A, Cl B 2.580%, 08/15/2023 (F)		920		929
First Investors Auto Owner Trust, Ser 2020-
1A, Cl A 1.490%, 01/15/2025 (F)		471		475
Flagship Credit Auto Trust, Ser 2016-2, Cl D
8.560%, 11/15/2023 (F)		545		564
Flagship Credit Auto Trust, Ser 2016-4, Cl D
3.890%, 11/15/2022 (F)		450		459
Flagship Credit Auto Trust, Ser 2018-3, Cl B
3.590%, 12/16/2024 (F)		925		945
Hertz Vehicle Financing II, Ser 2017-1A, Cl A
2.960%, 10/25/2021 (F)		453		455
Hertz Vehicle Financing II, Ser 2018-1A, Cl A
3.290%, 02/25/2024 (F)		183		184
Hertz Vehicle Financing II, Ser 2019-1A, Cl A
3.710%, 03/25/2023 (F)		209		209



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 (F)	$	352	$	353

				7,664


Credit Cards — 0.4%
World Financial Network Credit Card Master
Trust, Ser 2018-A, Cl A 3.070%, 12/16/2024		1,405		1,418
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		795

				2,931


Other Asset-Backed Securities — 0.8%
Affirm Asset Securitization Trust, Ser 2020-A,
Cl A 2.100%, 02/18/2025 (F)		180		180
Dryden 77 CLO, Ser 2020-77A, Cl A 2.374%, VAR ICE LIBOR USD 3
Month+2.000%, 05/20/2031 (F)		500		502
Dryden 78 CLO, Ser 2020-78A, Cl C 3.217%, VAR ICE LIBOR USD 3
Month+1.950%, 04/17/2033 (F)		620		600
Dryden 78 CLO, Ser 2020-78A, Cl D 4.267%, VAR ICE LIBOR USD 3
Month+3.000%, 04/17/2033 (F)		320		303
Elevation CLO, Ser 2020-11A, Cl C 3.523%, VAR ICE LIBOR USD 3
Month+2.200%, 04/15/2033 (F)		550		537
Goldentree Loan Management US CLO 7, Ser 2020-7A, Cl A 2.308%, VAR ICE LIBOR USD 3
Month+1.900%, 04/20/2031 (F)		755		758
Kayne CLO 7, Ser 2020-7A, Cl C
3.407%, VAR ICE LIBOR USD 3
Month+2.000%, 04/17/2033 (F)		280		273
Magnetite XXVI, Ser 2020-26A, Cl A 1.949%, VAR ICE LIBOR USD 3
Month+1.750%, 07/15/2030 (F)		1,042		1,045
Marlette Funding Trust, Ser 2018-4A, Cl A
3.710%, 12/15/2028 (F)		74		75
Marlette Funding Trust, Ser 2020-1A, Cl A
2.240%, 03/15/2030 (F)		134		135
OCP CLO, Ser 2020-18A, Cl A 2.053%, VAR ICE LIBOR USD 3
Month+1.800%, 04/20/2030 (F)		758		759
Prosper Marketplace Issuance Trust, Ser 2019-3A, Cl A
3.190%, 07/15/2025 (F)		116		117

298

SEI Institutional Managed Trust / Annual Report / September 30, 2020



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

ASSET-BACKED SECURITIES (continued)
SoFi Consumer Loan Program, Ser 2017-2, Cl A
3.280%, 02/25/2026 (F)	$	23	$	24
SoFi Consumer Loan Program, Ser 2017-5, Cl A2
2.780%, 09/25/2026 (F)		271		273
SoFi Consumer Loan Program, Ser 2017-6, Cl A2
2.820%, 11/25/2026 (F)		279		281
SoFi Consumer Loan Program, Ser 2018-3, Cl A2
3.670%, 08/25/2027 (F)		352		355
Voya CLO, Ser 2020-1A, Cl DR
3.125%, VAR ICE LIBOR USD 3 Month+2.850%, 04/15/2031 (F)		250		232

				6,449

Total Asset-Backed Securities (Cost $16,857) ($ Thousands)				17,044


MUNICIPAL BONDS — 0.1%

California — 0.1%
California State, GO
5.700%, 11/01/2021		645		682


New York — 0.0%
Port Authority of New York & New Jersey, Ser AAA, RB
1.086%, 07/01/2023		515		523


Total Municipal Bonds (Cost $1,196) ($ Thousands)				1,205


	Shares

FOREIGN COMMON STOCK — 0.0%

United Kingdom — 0.0%
Cushman & Wakefield PLC *^‡		4,838		51
LivaNova PLC *		557		25


Total Foreign Common Stock (Cost $102) ($ Thousands)				76


	Number of Warrants

WARRANT — 0.0%
Occidental Petroleum, Expires 08/06/2027 Strike Price *		6,651		20


Total Warrant (Cost $—) ($ Thousands)				20



Description	Number of Rights			Market Value ($ Thousands)

RIGHT — 0.0%
Celgene Corp CVR *^‡‡		8,207		$	19


Total Right (Cost $18) ($ Thousands)					19


Total Investments in Securities — 127.0% (Cost $945,527) ($ Thousands)				$	991,985


	Shares

COMMON STOCK SOLD SHORT— (10.9)%

Communication Services — (0.6)%
Altice USA Inc, Cl A *		(3,200	)		(83	)
Cable One Inc		(100	)		(189	)
Cardlytics Inc *		(600	)		(42	)
Charter Communications Inc, Cl A *		(1,874	)		(1,170	)
Comcast Corp, Cl A		(45,889	)		(2,123	)
Discovery Inc, Cl A *		(2,200	)		(48	)
Discovery Inc, Cl C *		(1,200	)		(23	)
DISH Network Corp, Cl A *		(2,048	)		(60	)
EverQuote Inc, Cl A *		(1,800	)		(70	)
Interpublic Group of Cos Inc/The		(2,765	)		(46	)
Liberty Broadband Corp, Cl A *		(358	)		(51	)
Liberty Broadband Corp, Cl C *		(1,075	)		(153	)
New York Times Co/The, Cl A		(2,100	)		(90	)
News Corp, Cl A		(4,900	)		(69	)
News Corp, Cl B		(768	)		(11	)
Nexstar Media Group Inc, Cl A		(154	)		(14	)
Omnicom Group Inc		(1,741	)		(86	)
Sirius XM Holdings Inc		(18,700	)		(100	)
TechTarget Inc *		(1,434	)		(63	)
ViacomCBS Inc, Cl B		(6,620	)		(185	)


					(4,676	)


Consumer Discretionary — (7.0)%
1-800-Flowers.com Inc, Cl A *		(900	)		(22	)
Acushnet Holdings Corp		(600	)		(20	)
Adtalem Global Education Inc *		(347	)		(8	)
Advance Auto Parts Inc		(429	)		(66	)
Amazon.com Inc, Cl A *		(1,387	)		(4,367	)
American Axle & Manufacturing Holdings Inc *		(7,357	)		(42	)
Aptiv PLC		(10,162	)		(932	)
Aramark		(4,148	)		(110	)
Aspen Group Inc/CO *		(4,985	)		(56	)
At Home Group Inc *		(2,000	)		(30	)
AutoZone Inc *		(196	)		(231	)
Best Buy Co Inc		(1,899	)		(211	)
Bloomin’ Brands Inc		(3,700	)		(56	)
Booking Holdings Inc *		(295	)		(505	)
BorgWarner Inc		(10,563	)		(409	)
Boyd Gaming Corp		(2,181	)		(67	)

SEI Institutional Managed Trust / Annual Report / September 30, 2020

299

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September 30, 2020

Multi-Asset Inflation Managed Fund (Continued)



Description	Shares			Market Value ($ Thousands)

COMMON STOCK SOLD SHORT (continued)
Bright Horizons Family Solutions Inc *		(1,390	)	$	(211	)
Brinker International Inc		(941	)		(40	)
Brunswick Corp/DE		(2,977	)		(175	)
Burlington Stores Inc *		(563	)		(116	)
Caesars Entertainment *		(3,499	)		(196	)
Callaway Golf Co		(4,233	)		(81	)
Camping World Holdings Inc, Cl A		(1,400	)		(42	)
Capri Holdings Ltd *		(4,156	)		(75	)
CarMax Inc *		(1,317	)		(121	)
Carnival Corp		(12,671	)		(192	)
CarParts.com Inc *		(5,171	)		(56	)
Carter’s Inc		(1,151	)		(100	)
Carvana Co, Cl A *		(512	)		(114	)
Cavco Industries Inc *		(56	)		(10	)
Century Communities Inc *		(1,741	)		(74	)
Chegg Inc *		(3,900	)		(279	)
Chipotle Mexican Grill Inc, Cl A *		(649	)		(807	)
Choice Hotels International Inc		(798	)		(69	)
Churchill Downs Inc		(1,000	)		(164	)
Cooper Tire & Rubber Co		(4,908	)		(156	)
Cooper-Standard Holdings Inc *		(900	)		(12	)
Cracker Barrel Old Country Store Inc		(306	)		(35	)
Crocs Inc *		(2,714	)		(116	)
Dana Inc		(8,923	)		(110	)
Darden Restaurants Inc		(2,960	)		(298	)
Deckers Outdoor Corp *		(1,034	)		(227	)
Dollar General Corp		(1,888	)		(396	)
Dollar Tree Inc *		(1,364	)		(125	)
Domino’s Pizza Inc		(999	)		(425	)
Dorman Products Inc *		(3,052	)		(276	)
DR Horton Inc		(12,059	)		(912	)
Dunkin’ Brands Group Inc		(1,241	)		(102	)
eBay Inc		(5,545	)		(289	)
Envela Corp *		(4,753	)		(20	)
Etsy Inc *		(1,200	)		(146	)
Expedia Group Inc		(867	)		(79	)
Five Below Inc *		(200	)		(25	)
Floor & Decor Holdings Inc, Cl A *		(1,000	)		(75	)
Ford Motor Co		(137,492	)		(916	)
Fox Factory Holding Corp *		(1,122	)		(83	)
frontdoor Inc *		(1,100	)		(43	)
Garmin Ltd		(5,399	)		(512	)
General Motors Co		(42,474	)		(1,257	)
Gentex Corp		(17,788	)		(458	)
Gentherm Inc *		(2,700	)		(110	)
Genuine Parts Co		(2,135	)		(203	)
Goodyear Tire & Rubber Co/The		(15,230	)		(117	)
GoPro Inc, Cl A *		(8,139	)		(37	)
Grand Canyon Education Inc *		(955	)		(76	)
Grubhub Inc *		(1,032	)		(75	)
H&R Block Inc		(3,000	)		(49	)
Hanesbrands Inc		(12,591	)		(198	)



Description	Shares			Market Value ($ Thousands)

COMMON STOCK SOLD SHORT (continued)
Harley-Davidson Inc, Cl A		(4,977	)	$	(122	)
Hasbro Inc		(3,510	)		(290	)
Helen of Troy Ltd *		(864	)		(167	)
Hilton Grand Vacations Inc *		(1,700	)		(36	)
Hilton Worldwide Holdings Inc		(6,511	)		(555	)
Home Depot Inc/The		(6,989	)		(1,941	)
Hyatt Hotels Corp, Cl A		(1,494	)		(80	)
Installed Building Products Inc *		(1,178	)		(120	)
iRobot *		(1,047	)		(79	)
Jack in the Box Inc		(613	)		(49	)
Johnson Outdoors Inc, Cl A		(205	)		(17	)
K12 Inc *		(1,700	)		(45	)
KB Home		(3,635	)		(140	)
L Brands Inc		(1,681	)		(53	)
Las Vegas Sands Corp		(8,059	)		(376	)
Laureate Education Inc, Cl A *		(3,900	)		(52	)
La-Z-Boy Inc, Cl Z		(377	)		(12	)
LCI Industries		(2,312	)		(246	)
Lear Corp		(3,664	)		(400	)
Leggett & Platt Inc		(4,076	)		(168	)
Lennar Corp, Cl A		(10,301	)		(841	)
Lennar Corp, Cl B		(600	)		(40	)
LGI Homes Inc *		(872	)		(101	)
Lifetime Brands		(2,388	)		(23	)
Lithia Motors Inc, Cl A		(200	)		(46	)
LKQ Corp *		(5,205	)		(144	)
Lowe’s Cos Inc		(5,196	)		(862	)
Lululemon Athletica Inc *		(3,839	)		(1,264	)
M/I Homes Inc *		(1,638	)		(75	)
Magnite *		(4,400	)		(31	)
Malibu Boats Inc, Cl A *		(1,000	)		(50	)
Marriott International Inc/MD, Cl A		(6,141	)		(569	)
Marriott Vacations Worldwide		(870	)		(79	)
Mattel Inc *		(8,969	)		(105	)
McDonald’s Corp		(17,174	)		(3,770	)
MDC Holdings Inc		(1,994	)		(94	)
Meritage Homes Corp *		(1,603	)		(177	)
MGM Resorts International		(12,787	)		(278	)
Mohawk Industries Inc *		(1,766	)		(172	)
Motorcar Parts of America Inc *		(5,529	)		(86	)
Murphy USA Inc *		(100	)		(13	)
Nautilus Inc *		(4,500	)		(77	)
Newell Brands Inc, Cl B		(13,337	)		(229	)
NIKE Inc, Cl B		(39,511	)		(4,960	)
Norwegian Cruise Line Holdings Ltd *		(6,338	)		(108	)
NVR Inc *		(123	)		(502	)
Ollie’s Bargain Outlet Holdings Inc *		(522	)		(46	)
O’Reilly Automotive Inc *		(462	)		(213	)
Overstock.com *		(600	)		(44	)
Papa John’s International Inc, Cl A		(1,238	)		(102	)
Peloton Interactive Inc, Cl A *		(3,561	)		(353	)
Penn National Gaming Inc *		(3,639	)		(265	)

300

SEI Institutional Managed Trust / Annual Report / September 30, 2020



Description	Shares			Market Value ($ Thousands)

COMMON STOCK SOLD SHORT (continued)
Perdoceo Education Corp *		(666	)	$	(8	)
Planet Fitness Inc, Cl A *		(2,099	)		(129	)
Polaris Inc		(1,913	)		(180	)
Pool Corp		(350	)		(117	)
PulteGroup Inc		(10,636	)		(492	)
Purple Innovation Inc, Cl A *		(2,600	)		(65	)
PVH Corp		(2,563	)		(153	)
Qurate Retail		(51	)		(5	)
Qurate Retail Inc		(1,700	)		(12	)
Ralph Lauren Corp, Cl A		(1,050	)		(71	)
RH *		(300	)		(115	)
Ross Stores Inc		(2,167	)		(202	)
Royal Caribbean Cruises Ltd		(4,053	)		(262	)
Scientific Games Corp, Cl A *		(2,662	)		(93	)
Service Corp International/US		(4,426	)		(187	)
ServiceMaster Global Holdings Inc *		(3,143	)		(125	)
Shake Shack Inc, Cl A *		(900	)		(58	)
Shutterstock Inc		(600	)		(31	)
Six Flags Entertainment Corp		(2,406	)		(49	)
Skechers USA Inc, Cl A *		(3,908	)		(118	)
Skyline Champion Corp *		(2,150	)		(58	)
Smith & Wesson Brands Inc		(2,099	)		(33	)
Sonos Inc *		(4,096	)		(62	)
Stamps.com Inc *		(400	)		(96	)
Standard Motor Products Inc		(3,295	)		(147	)
Starbucks Corp		(26,205	)		(2,252	)
Stitch Fix Inc, Cl A *		(410	)		(11	)
Stoneridge Inc *		(1,530	)		(28	)
Strategic Education Inc		(360	)		(33	)
Sturm Ruger & Co Inc		(399	)		(24	)
Tapestry Inc		(8,526	)		(133	)
Target Corp, Cl A		(3,823	)		(602	)
Taylor Morrison Home Corp, Cl A *		(4,441	)		(109	)
Tempur Sealy International Inc *		(1,811	)		(162	)
Tenneco Inc, Cl A *		(7,737	)		(54	)
Tesla Inc *		(9,665	)		(4,146	)
Texas Roadhouse Inc, Cl A		(1,128	)		(69	)
Thor Industries Inc		(3,025	)		(288	)
Tiffany & Co		(870	)		(101	)
TJX Cos Inc/The		(7,975	)		(444	)
Toll Brothers Inc		(4,749	)		(231	)
TopBuild Corp *		(1,382	)		(236	)
Tractor Supply Co		(717	)		(103	)
TRI Pointe Group Inc *		(5,120	)		(93	)
Tupperware Brands Corp		(2,600	)		(52	)
Turtle Beach Corp *		(2,200	)		(40	)
Ulta Beauty Inc *		(288	)		(64	)
Under Armour Inc, Cl A *		(5,325	)		(60	)
Under Armour Inc, Cl C *		(5,079	)		(50	)
Vail Resorts Inc		(747	)		(160	)
VF Corp		(10,242	)		(719	)
Vista Outdoor Inc *		(3,840	)		(77	)



Description	Shares			Market Value ($ Thousands)

COMMON STOCK SOLD SHORT (continued)
Visteon Corp *		(2,722	)	$	(188	)
Waitr Holdings *		(9,500	)		(31	)
Wayfair Inc, Cl A *		(476	)		(139	)
Wendy’s Co/The		(5,228	)		(117	)
Whirlpool Corp		(1,965	)		(361	)
Williams-Sonoma Inc		(1,129	)		(102	)
Wingstop Inc, Cl A		(800	)		(109	)
Winnebago Industries		(2,603	)		(134	)
Wolverine World Wide Inc		(1,946	)		(50	)
Workhorse Group Inc *		(7,900	)		(200	)
WW International Inc *		(1,400	)		(26	)
Wyndham Destinations Inc		(1,839	)		(57	)
Wyndham Hotels & Resorts Inc		(2,396	)		(121	)
Wynn Resorts Ltd		(2,549	)		(183	)
XPEL Inc *		(6,818	)		(178	)
YETI Holdings Inc *		(2,969	)		(135	)
Yum China Holdings Inc		(7,982	)		(423	)
Yum! Brands Inc		(6,798	)		(621	)


					(55,063	)


Information Technology — (1.9)%
Advanced Micro Devices Inc *		(5,222	)		(428	)
Amphenol Corp, Cl A		(1,942	)		(210	)
Analog Devices Inc		(1,310	)		(153	)
Apple Inc		(37,164	)		(4,304	)
Applied Materials Inc		(4,232	)		(252	)
Arista Networks Inc *		(644	)		(133	)
Arrow Electronics Inc, Cl A *		(802	)		(63	)
Avid Technology Inc *		(1,700	)		(14	)
Broadcom Inc		(1,652	)		(602	)
Calix Inc *		(3,100	)		(55	)
CDW Corp/DE		(1,705	)		(204	)
Ciena Corp *		(1,000	)		(40	)
Cisco Systems Inc		(20,147	)		(794	)
Cognex Corp		(1,068	)		(69	)
Corning Inc, Cl B		(4,502	)		(146	)
CyberOptics Corp *		(1,280	)		(41	)
Dell Technologies Inc, Cl C *		(1,224	)		(83	)
Enphase Energy Inc *		(729	)		(60	)
Entegris Inc		(600	)		(45	)
ePlus Inc *		(700	)		(51	)
F5 Networks Inc, Cl A *		(297	)		(36	)
Fabrinet *		(590	)		(37	)
Hewlett Packard Enterprise Co		(8,754	)		(82	)
HP Inc		(10,955	)		(208	)
II-VI Inc *		(1,382	)		(56	)
Infinera Corp *		(7,200	)		(44	)
Inphi Corp *		(300	)		(34	)
Intel Corp		(16,853	)		(873	)
Intellicheck Inc *		(5,478	)		(36	)
Jabil Inc		(1,522	)		(52	)
Juniper Networks Inc		(2,291	)		(49	)

SEI Institutional Managed Trust / Annual Report / September 30, 2020

301

CONSOLIDATED SCHEDULE OF INVESTMENTS

September 30, 2020

Multi-Asset Inflation Managed Fund (Continued)



Description	Shares			Market Value ($ Thousands)

COMMON STOCK SOLD SHORT (continued)
Keysight Technologies Inc *		(1,253	)	$	(124	)
KLA Corp		(722	)		(140	)
Lam Research Corp		(838	)		(278	)
Lumentum Holdings Inc *		(700	)		(53	)
Marvell Technology Group Ltd		(2,899	)		(115	)
Maxim Integrated Products Inc		(275	)		(19	)
Microchip Technology Inc		(943	)		(97	)
Micron Technology Inc *		(5,549	)		(261	)
MKS Instruments Inc		(476	)		(52	)
Monolithic Power Systems Inc		(222	)		(62	)
Motorola Solutions Inc		(957	)		(150	)
NetApp Inc		(1,854	)		(81	)
Novanta Inc *		(200	)		(21	)
NVIDIA Corp		(2,573	)		(1,393	)
ON Semiconductor Corp *		(623	)		(13	)
PAR Technology *		(1,894	)		(77	)
PC Connection Inc		(1,000	)		(41	)
Pure Storage Inc, Cl A *		(3,688	)		(57	)
Qorvo Inc *		(461	)		(59	)
QUALCOMM Inc		(5,220	)		(614	)
Quantum *		(11,000	)		(51	)
Ribbon Communications Inc *		(6,188	)		(24	)
Skyworks Solutions Inc		(900	)		(131	)
SolarEdge Technologies Inc *		(307	)		(73	)
Super Micro Computer Inc *		(3,052	)		(81	)
SYNNEX Corp		(500	)		(70	)
Teradyne Inc		(1,229	)		(98	)
Texas Instruments Inc		(4,207	)		(601	)
Trimble Inc *		(1,024	)		(50	)
Ubiquiti Inc		(261	)		(43	)
Universal Display Corp		(154	)		(28	)
Western Digital Corp		(2,086	)		(76	)
Xerox Holdings Corp		(3,049	)		(57	)
Xilinx Inc		(796	)		(83	)
Zebra Technologies Corp, Cl A *		(461	)		(116	)


					(14,543	)


Materials — (1.4)%
Air Products and Chemicals Inc		(3,414	)		(1,017	)
Albemarle Corp		(1,762	)		(157	)
Alcoa Corp *		(3,500	)		(41	)
Amcor PLC		(18,668	)		(206	)
Ashland Global Holdings Inc		(351	)		(25	)
Avery Dennison Corp		(1,128	)		(144	)
Axalta Coating Systems Ltd *		(827	)		(18	)
Ball Corp		(4,504	)		(374	)
Berry Global Group Inc *		(1,902	)		(92	)
Celanese Corp, Cl A		(1,172	)		(126	)
CF Industries Holdings Inc		(1,741	)		(54	)
Chemours Co/The		(3,300	)		(69	)
Cleveland-Cliffs Inc		(8,400	)		(54	)
Commercial Metals Co, Cl A		(1,331	)		(27	)



Description	Shares			Market Value ($ Thousands)

COMMON STOCK SOLD SHORT (continued)
Corteva Inc		(10,228	)	$	(295	)
Crown Holdings Inc *		(2,263	)		(174	)
Dow Inc		(8,884	)		(418	)
DuPont de Nemours Inc		(8,964	)		(497	)
Eastman Chemical Co		(1,991	)		(156	)
Ecolab Inc		(3,421	)		(684	)
Element Solutions Inc *		(900	)		(9	)
FMC Corp		(2,033	)		(215	)
Freeport-McMoRan Inc, Cl B		(18,797	)		(294	)
Graphic Packaging Holding Co		(2,560	)		(36	)
Hecla Mining Co		(12,595	)		(64	)
Huntsman Corp		(1,331	)		(30	)
International Flavors & Fragrances Inc		(1,382	)		(169	)
International Paper Co		(4,993	)		(202	)
Linde PLC		(7,044	)		(1,677	)
Louisiana-Pacific Corp		(1,226	)		(36	)
LyondellBasell Industries NV, Cl A		(2,615	)		(184	)
Martin Marietta Materials Inc, Cl A		(573	)		(135	)
Mosaic Co/The		(2,839	)		(52	)
Newmont Corp		(10,415	)		(661	)
Nucor Corp		(3,065	)		(138	)
Packaging Corp of America		(1,402	)		(153	)
PPG Industries Inc		(2,962	)		(362	)
Reliance Steel & Aluminum Co		(819	)		(84	)
RPM International Inc		(1,828	)		(151	)
Scotts Miracle-Gro Co/The, Cl A		(700	)		(107	)
Sealed Air Corp		(1,052	)		(41	)
Sherwin-Williams Co/The, Cl A		(1,214	)		(846	)
Sonoco Products Co		(512	)		(26	)
Southern Copper Corp		(1,075	)		(49	)
Steel Dynamics Inc		(2,354	)		(67	)
United States Steel Corp		(1,000	)		(7	)
Vulcan Materials Co		(1,021	)		(138	)
Westrock Co		(3,754	)		(130	)


					(10,691	)


Total Common Stock Sold Short (Proceeds $66,632) ($ Thousands)					(84,973	)


FOREIGN COMMON STOCK SOLD SHORT — 0.0%

Consumer Discretionary — 0.0%
Adient PLC *		(5,118	)		(89	)


Total Foreign Common Stock Sold Short (Proceeds $344) ($ Thousands)					(89	)

302

SEI Institutional Managed Trust / Annual Report / September 30, 2020



Description	Shares			Market Value ($ Thousands)

PREFERRED STOCK SOLD SHORT — 0.0%

Industrials — 0.0%
WESCO International, 10.625%		(127	)	$	(4	)


Total Preferred Stock Sold Short (Proceeds $3) ($ Thousands)					(4	)


Total Investments Sold Short — (10.9)% (Proceeds $66,979) ($ Thousands)				$	(85,066	)


	Contracts

*PURCHASED OPTIONS — 0.2%**

Total Purchased Options (J) (Cost $1,670) ($ Thousands)		1,145		$	1,868


PURCHASED SWAPTION — 0.0%**

Total Purchased Swaption (K) (Cost $289) ($ Thousands)		8,590,000		$	285


*WRITTEN OPTIONS — (0.1)%**

Total Written Options (J) (Premiums Received $497) ($ Thousands)		(916	)	$	(442	)


*WRITTEN SWAPTIONS — (0.1)%**

Total Written Swaptions (K) (Premiums Received $1,261) ($ Thousands)		(52,991,000	)	$	(951	)

A list of open exchange traded options contracts for the Fund at September 30, 2020, is as follows:


Description	Number of Contracts		Notional Amount (Thousands) ^†		Exercise Price		Expiration Date		Value (Thousands)

PURCHASED OPTIONS — 0.2%

Put Options
December 2020, Corn Future*^		250	$	27	$	320.00		11/21/2020	$	5
November 2020, Natural Gas Future*^		95		44		2.00		10/17/2020		46
November 2020, Soy Bean Future*^		35		12		970.00		10/17/2020		3
December 2020, Sugar Option Future*^		100		30		13.00		11/21/2020		30
December 2020, WTI Crude Oil ICE Future*^		240		156		32.50		11/21/2020		175

				269						259


Call Options
December 2020, Coffee ‘C’ Future*^		38		247		110.00		11/21/2020		94
December 2020, Corn Future*^		75		138		300.00		11/21/2020		297
July 2021, Corn Future*^		75		260		320.00		6/19/2021		298
December 2020, Cotton*^		50		16		70.00		11/21/2020		14

SEI Institutional Managed Trust / Annual Report / September 30, 2020

303

CONSOLIDATED SCHEDULE OF INVESTMENTS

September 30, 2020

Multi-Asset Inflation Managed Fund (Continued)


Description	Number of Contracts			Notional Amount (Thousands) ^†			Exercise Price		Expiration Date		Value (Thousands)

PURCHASED OPTIONS (continued)
December 2020, Gold Futures*^		11		$	229		$	1,650.00		11/21/2020	$	275
December 2020, Gold Futures*^		10			220			1,750.00		11/21/2020		158
November 2020, Natural Gas Future*^		81			139			3.00		10/17/2020		59
November 2020, Soy Bean Future*^		50			126			860.00		10/17/2020		409
November 2020, Zinc LME Future*^		35			26			2,800.00		11/21/2020		5


					1,401							1,609


Total Purchased Options					1,670						$	1,868


WRITTEN OPTIONS — (0.1)%

Put Options
December 2020, Coffee ‘C’ Future*^		(38	)	$	(30	)		100.00		11/21/20	$	(24	)
December 2020, Corn Future*^		(125	)		(11	)		270.00		11/21/20		(1	)
January 2021, Natural Gas Future*^		(81	)		(142	)		2.85		12/19/20		(150	)
December 2020, WTI Crude Oil ICE Future*^		(120	)		(33	)		25.00		11/21/20		(30	)
December 2020, WTI Crude Oil ICE Future*^		(240	)		(67	)		27.50		11/21/20		(84	)


					(283	)						(289	)


Call Options
December 2020, Coffee ‘C’ Future*^		(30	)		(46	)		145.00		11/21/20		(9	)
March 2021, Corn Future*^		(50	)		(41	)		370.00		02/20/21		(70	)
June 2021, Crude Oil IPE Future*^		(18	)		(27	)		60.00		04/17/21		(12	)
December 2020, Gold Futures*^		(10	)		(22	)		2,250.00		11/21/20		(5	)
November 2020, Natural Gas Future*^		(9	)		(23	)		2.75		10/17/20		(12	)
November 2020, Soy Bean Future*^		(35	)		(11	)		1,080.00		10/17/20		(12	)
December 2020, Sugar Option Future*^		(100	)		(21	)		14.50		11/21/20		(20	)
December 2020, WTI Crude Oil ICE Future*^		(60	)		(23	)		47.00		11/21/20		(13	)


					(214	)						(153	)


Total Written Options					(497	)					$	(442	)

^† Represents Cost

A list of open OTC swaptions contracts for the Fund at September 30, 2020, is as follows:


			Number of Contracts/							Value
Description	Counterparty		Notional Amount			Exercise Price		Expiration Date		(Thousands)

PURCHASED SWAPTION — 0.0%

Put Swaptions
Swaption 1 Year*		JPMorgan Chase		8,590,000			$1.02		10/17/2020	$	285


WRITTEN SWAPTIONS — (0.1)%

Call Swaptions
Swaption 1 Year*		JPMorgan Chase		(8,590,000	)		$0.52		10/17/2020	$	(1	)


Put Swaptions
CDX.NA.HY.S34.V8-5Y*		JPMorgan Chase		(44,401,000	)		$0.01		12/19/2020		(950	)


Total Written Swaptions				(52,991,000	)					$	(951	)

304

SEI Institutional Managed Trust / Annual Report / September 30, 2020

A list of the open futures contracts held by the Fund at September 30, 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(A)		130		Dec-2020	$	5,360	$	5,558	$	198
Canadian 10-Year Bond		(95)		Dec-2020		(10,927)		(10,797)		6
Coffee C(A)		19		Dec-2020		823		791		(32)
Coffee C(A)		3		Mar-2021		138		127		(12)
Copper(A)		185		Jan-2021		13,355		14,025		670
Corn(A)		(65)		Dec-2020		(1,199)		(1,232)		(33)
Corn(A)		23		Mar-2021		426		447		21
Cotton No. 2(A)		111		Dec-2020		3,585		3,651		67
Feeder Cattle(A)		31		Jan-2021		2,171		2,175		4
Gasoline(A)		14		Nov-2020		688		695		7
Gasoline(A)		24		Nov-2020		1,199		1,191		(8)
Gold(A)		62		Jan-2021		11,490		11,752		262
Gold(A)		17		Jan-2021		3,286		3,222		(63)
Heating Oil(A)		19		Jan-2021		1,054		942		(112)
Japanese 10-Year Government Bond E-MINI		(28)		Dec-2020		(3,993)		(4,036)		(13)
KC HRW Wheat(A)		158		Dec-2020		3,679		4,027		348
Lean Hogs(A)		55		Dec-2020		1,214		1,388		174
Lean Hogs(A)		(81)		Dec-2020		(2,035)		(2,044)		(9)
Live Cattle(A)		(33)		Jan-2021		(1,446)		(1,483)		(37)
Live Cattle(A)		63		Jan-2021		2,774		2,831		57
LME Lead(A)		(6)		Dec-2020		(275)		(273)		2
LME Lead(A)		12		Nov-2020		586		545		(41)
LME Nickel(A)		(2)		Nov-2020		(174)		(174)		–
LME Nickel(A)		(17)		Dec-2020		(1,489)		(1,480)		8
LME Nickel(A)		26		Nov-2020		2,226		2,262		36
LME Primary Aluminum(A)		29		Jun-2021		1,303		1,305		2
LME Primary Aluminum(A)		(30)		Nov-2020		(1,303)		(1,314)		(12)
LME Primary Aluminum(A)		20		Nov-2020		890		876		(14)
LME Zinc(A)		13		Nov-2020		816		779		(37)
LME Zinc(A)		56		Dec-2020		3,175		3,363		188
Long Gilt 10-Year Bond		(113)		Jan-2021		(20,114)		(19,884)		12
Low Sulphur Gasoil(A)		(69)		Nov-2020		(2,416)		(2,303)		113
Low Sulphur Gasoil(A)		34		Nov-2020		1,307		1,135		(172)
MSCI EAFE Index		(104)		Dec-2020		(9,933)		(9,637)		296
Natural Gas(A)		140		Oct-2020		3,709		3,538		(171)
Natural Gas(A)		146		Jan-2021		4,392		4,770		378
NY Harbor ULSD(A)		36		Nov-2020		1,682		1,742		61
NYMEX Cocoa(A)		16		Dec-2020		403		407		5
Palladium(A)		(3)		Jan-2021		(665)		(699)		(35)
Platinum(A)		(28)		Jan-2021		(1,355)		(1,273)		82
Red Wheat(A)		26		Dec-2020		661		702		41
S&P 500 Index E-MINI		(113)		Dec-2020		(19,053)		(18,939)		114
Silver(A)		25		Jan-2021		3,274		2,937		(338)
Silver(A)		39		Jan-2021		4,524		4,581		57
Soybean(A)		33		May-2021		1,591		1,681		90
Soybean(A)		71		Nov-2020		3,284		3,633		350
Soybean(A)		57		Jan-2021		2,817		2,928		111
Soybean Meal(A)		33		Mar-2021		1,092		1,117		25
Soybean Meal(A)		68		Dec-2020		2,029		2,331		302
Soybean Meal(A)		85		Dec-2020		2,914		2,914		(1)
Soybean Oil(A)		184		Dec-2020		3,272		3,658		385
Soybean Oil(A)		44		Mar-2021		923		878		(44)
Sugar No. 11(A)		422		Mar-2021		5,985		6,385		401
U.S. 2-Year Treasury Note		40		Jan-2021		8,837		8,838		2
U.S. 5-Year Treasury Note		(87)		Jan-2021		(10,951)		(10,965)		(14)

SEI Institutional Managed Trust / Annual Report / September 30, 2020

305

CONSOLIDATED SCHEDULE OF INVESTMENTS

September 30, 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)
U.S. 10-Year Treasury Note		(230)		Dec-2020	$	(32,041)	$	(32,092)	$	(52)
U.S. Ultra Long Treasury Bond		(34)		Dec-2020		(7,621)		(7,542)		79
Ultra 10-Year U.S. Treasury Note		(47)		Dec-2020		(7,510)		(7,516)		(7)
Wheat(A)		(30)		Dec-2020		(817)		(867)		(50)
Wheat(A)		1		Mar-2021		28		29		2
Wheat(A)		78		Dec-2020		1,950		2,254		304
WTI Crude Oil(A)		98		Oct-2020		4,169		3,942		(227)
WTI Crude Oil(A)		77		Feb-2021		3,382		3,193		(189)
WTI Crude Oil(A)		(45)		Oct-2020		(1,802)		(1,810)		(8)

					$	(14,656)	$	(10,815)	$	3,529

A list of the open forward foreign currency contracts held by the Fund at September 30, 2020, is as follows:


Counterparty	Settlement Date			Currency to Deliver (Thousands)			Currency to Receive (Thousands)		Unrealized Appreciation (Depreciation) (Thousands)
Bank of America		10/08/20	USD		6,508	JPY		683,046	$	(35	)
Bank of America		10/09/20	CAD		11,778	USD		8,974		156
Bank of America		11/27/20	ZAR		129,291	USD		7,732		32
Barclays PLC		10/08/20	USD		6,445	JPY		682,612		25
Barclays PLC		10/16/20	SEK		59,429	USD		6,676		33
Barclays PLC		10/27/20	MYR		5,106	USD		1,214		(17	)
BNP Paribas		10/29/20	AUD		24,611	USD		17,637		–
Brown Brothers Harriman		10/08/20	USD		2	JPY		239		–
Brown Brothers Harriman		10/09/20	USD		471	CAD		625		(4	)
Brown Brothers Harriman		10/15/20	USD		299	EUR		252		(3	)
Brown Brothers Harriman		10/15/20	EUR		449	USD		532		5
Brown Brothers Harriman		10/15/20	EUR		193	USD		225		(1	)
Brown Brothers Harriman		10/16/20	USD		6	SEK		53		–
Brown Brothers Harriman		10/21/20	CNY		1,136	USD		168		1
Brown Brothers Harriman		10/29/20	USD		184	AUD		249		(6	)
Brown Brothers Harriman		10/29/20	AUD		298	USD		214		–
Brown Brothers Harriman		10/29/20	AUD		617	USD		433		(9	)
Brown Brothers Harriman		11/19/20	GBP		230	USD		298		1
Brown Brothers Harriman		11/19/20	GBP		211	USD		273		–
Brown Brothers Harriman		04/17/21	USD		–	ZAR		–		–
Citigroup		10/21/20	CNH		60,323	USD		8,873		(2	)
Citigroup		11/27/20	USD		641	ZAR		10,839		4
Deutsche Bank		10/09/20	CAD		4,132	USD		3,111		18
Goldman Sachs		10/08/20	USD		2,440	JPY		258,492		10
Goldman Sachs		10/09/20	CAD		12,015	USD		9,218		222
Goldman Sachs		11/16/20	USD		3,314	CNY		23,111		81
Goldman Sachs		11/16/20	KRW		3,947,078	USD		3,337		(53	)
HSBC		10/15/20	USD		12,222	EUR		10,395		(29	)
JPMorgan Chase Bank		10/09/20	CAD		3,557	USD		2,653		(10	)
Morgan Stanley		10/08/20	JPY		485,859	USD		4,606		1
Morgan Stanley		10/15/20	USD		4,149	EUR		3,489		(57	)
Standard Bank		11/10/20	USD		8,999	KRW		10,467,438		(11	)
Standard Bank		11/16/20	USD		5,544	CNY		38,585		124
Standard Bank		11/16/20	KRW		6,595,491	USD		5,578		(86	)
UBS		04/12/21	USD		–	HKD		–		–

306

SEI Institutional Managed Trust / Annual Report / September 30, 2020

Counterparty

Settlement Date

Currency to Deliver
(Thousands)

Currency to Receive
(Thousands)

Unrealized
Appreciation
(Depreciation)
(Thousands)

UBS

05/03/21

BRL

–

USD

–

390

A list of the open OTC swap agreements held by the Fund at September 30, 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)	$	(211	)	$	(49	)	$	(162	)
Citibank	CMBX.BBB.6	Buy	3.00%	Monthly	09/17/2058	245		64			17			47
Citibank	CMBX.BBB.6	Buy	3.00%	Monthly	09/17/2058	257		68			17			51
Citibank	CMBX.BBB.6	Buy	3.00%	Monthly	09/17/2058	258		68			17			51
Deutsche Bank	CMBX.BBB.6	Sell	3.00%	Monthly	05/11/2063	(201)		(67	)		(25	)		(42	)
Deutsche Bank	CMBX.BBB.6	Sell	3.00%	Monthly	05/11/2063	(33)		(11	)		(4	)		(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)		(35	)		(13	)		(22	)
Citibank	CMBX.BBB.6	Sell	3.00%	Monthly	05/11/2063	(20)		(7	)		(3	)		(4	)
Citibank	CMBX.BBB.6	Sell	3.00%	Monthly	05/11/2063	(52)		(17	)		(7	)		(10	)
Citibank	CMBX.BBB.6	Sell	3.00%	Monthly	05/11/2063	(250)		(83	)		(32	)		(51	)
Citibank	CMBX.BBB.6	Sell	3.00%	Monthly	05/11/2063	(89)		(30	)		(11	)		(19	)
Citibank	CMBX.BBB.6	Sell	3.00%	Monthly	05/11/2063	(356)		(119	)		(44	)		(75	)
Citibank	CMBX.BBB.6	Sell	3.00%	Monthly	05/11/2063	(220)		(73	)		(27	)		(46	)
Citibank	CMBX.BBB.6	Sell	3.00%	Monthly	05/11/2063	(254)		(85	)		(32	)		(53	)
Goldman Sachs	CMBX.BBB.9	Buy	3.00%	Monthly	09/17/2058	518		136			91			45
Goldman Sachs	CMBX.NA.BBB.6	Sell	3.00%	Monthly	12/31/2049	(835)		(278	)		(60	)		(218	)
Deutsche Bank	CMBX.NA.BBB.6	Sell	3.00%	Monthly	12/31/2049	(42)		(14	)		(2	)		(12	)
Deutsche Bank	CMBX.NA.BBB.6	Sell	3.00%	Monthly	12/31/2049	(1,093)		(365	)		(72	)		(293	)
Credit Suisse	CMBX.NA.BBB.6	Sell	3.00%	Monthly	12/31/2049	(227)		(76	)		(15	)		(61	)
Credit Suisse	CMBX.NA.BBB.6	Sell	3.00%	Monthly	12/31/2049	(812)		(271	)		(50	)		(221	)
Goldman Sachs	CMBX.NA.BBB.6	Sell	3.00%	Monthly	12/31/2049	(261)		(87	)		(16	)		(71	)
Goldman Sachs	CMBX.NA.BBB.6	Sell	3.00%	Monthly	12/31/2049	(1,324)		(441	)		2			(443	)
Citibank	CMBX.NA.BBB.6	Sell	3.00%	Monthly	05/11/2063	(172)		(57	)		(26	)		(31	)
Citibank	CMBX.NA.BBB.6	Sell	3.00%	Monthly	05/11/2063	(141)		(47	)		(17	)		(30	)
Citibank	CMBX.NA.BBB.6	Sell	3.00%	Monthly	05/11/2063	(471)		(157	)		(56	)		(101	)
JPMorgan Chase	CMBX.NA.BBB.6	Sell	3.00%	Monthly	05/11/2063	(49)		(16	)		(5	)		(11	)
CGG	CMBX.NA.BBB.6	Sell	3.00%	Monthly	05/11/2063	(254)		(85	)		(33	)		(52	)
Citibank	CMBX.NA.BBB.6	Sell	3.00%	Monthly	05/11/2063	(240)		(80	)		(32	)		(48	)
Citibank	CMBX.NA.BBB.6	Sell	3.00%	Monthly	05/11/2063	(731)		(244	)		(80	)		(164	)
Citibank	CMBX.NA.BBB.6	Sell	3.00%	Monthly	05/11/2063	(523)		(174	)		(59	)		(115	)
Citibank	CMBX.NA.BBB.6	Sell	3.00%	Monthly	05/11/2063	(1,045)		(348	)		(115	)		(233	)
Citibank	CMBX.NA.BBB.6	Sell	3.00%	Monthly	05/11/2063	(731)		(244	)		(79	)		(165	)
Citibank	CMBX.NA.BBB.6	Sell	3.00%	Monthly	05/11/2063	(365)		(122	)		(41	)		(81	)
JPMorgan Chase	CMBX.NA.BBB.6	Sell	3.00%	Monthly	05/11/2063	(46)		(15	)		(4	)		(11	)
Citibank	CMBX.NA.BBB.6	Sell	3.00%	Monthly	05/11/2063	(36)		(12	)		(6	)		(6	)
JPMorgan Chase	CMBX.NA.BBB.6	Sell	3.00%	Monthly	05/11/2063	(201)		(67	)		(19	)		(48	)
Goldman Sachs	CMBX.NA.BBB.6	Sell	3.00%	Monthly	05/11/2063	(65)		(22	)		(7	)		(15	)
JPMorgan Chase	CMBX.NA.BBB.6	Sell	3.00%	Monthly	05/11/2063	(503)		(168	)		(61	)		(107	)
Citibank	CMBX.NA.BBB.6	Sell	3.00%	Monthly	05/11/2063	(164)		(55	)		(16	)		(39	)
Deutsche Bank	CMBX.NA.BBB.6	Sell	3.00%	Monthly	05/11/2063	(113)		(38	)		(13	)		(25	)
Deutsche Bank	CMBX.NA.BBB.6	Sell	3.00%	Monthly	05/11/2063	(112)		(37	)		(13	)		(24	)
Deutsche Bank	CMBX.NA.BBB.6	Sell	3.00%	Monthly	05/11/2063	(330)		(110	)		(35	)		(75	)
Goldman Sachs	CMBX.NA.BBB.6	Sell	3.00%	Monthly	05/11/2063	(222)		(74	)		(23	)		(51	)
Goldman Sachs	CMBX.NA.BBB.6	Sell	3.00%	Monthly	05/11/2063	(329)		(110	)		(44	)		(66	)
JPMorgan Chase	CMBX.NA.BBB.6	Sell	3.00%	Monthly	05/11/2063	(175)		(58	)		(21	)		(37	)
Goldman Sachs	CMBX.NA.BBB.6	Sell	3.00%	Monthly	05/11/2063	(727)		(242	)		(82	)		(160	)

SEI Institutional Managed Trust / Annual Report / September 30, 2020

307

CONSOLIDATED SCHEDULE OF INVESTMENTS

September 30, 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)
Goldman Sachs		CMBX.NA.BBB.6		Sell		3.00%		Monthly		05/11/2063		$(276)	$	(92	)	$	(45	)	$	(47)
Goldman Sachs		CMBX.NA.BBB.6		Sell		3.00%		Monthly		05/11/2063		(188)		(63	)		(28	)		(35)
Goldman Sachs		CMBX.NA.BBB.6		Sell		3.00%		Monthly		05/11/2063		(194)		(65	)		(16	)		(49)
Goldman Sachs		CMBX.NA.BBB.6		Sell		3.00%		Monthly		05/11/2063		(16)		(5	)		(1	)		(4)
Goldman Sachs		CMBX.NA.BBB.6		Sell		3.00%		Monthly		05/11/2063		(32)		(11	)		(3	)		(8)
Goldman Sachs		CMBX.NA.BBB.6		Sell		3.00%		Monthly		05/11/2063		(32)		(11	)		(3	)		(8)
Goldman Sachs		CMBX.NA.BBB.6		Sell		3.00%		Monthly		05/11/2063		(198)		(66	)		(32	)		(34)
Citibank		CMBX.NA.BBB.6		Sell		3.00%		Quarterly		05/11/2063		(290)		(97	)		(31	)		(66)
Citibank		CMBX.NA.BBB-.9		Buy		3.00%		Monthly		09/17/2058		1,045		275			77			198
Citibank		CMBX.NA.BBB-.9		Buy		3.00%		Monthly		09/17/2058		1,045		275			74			201
Citibank		CMBX.NA.BBB-.9		Buy		3.00%		Monthly		09/17/2058		1,287		338			89			249
Citibank		CMBX.NA.BBB-.9		Buy		3.00%		Monthly		09/17/2058		356		94			71			23
Citibank		CMBX.NA.BBB-.9		Buy		3.00%		Monthly		09/17/2058		891		234			179			55
Citibank		CMBX.NA.BBB-.9		Buy		3.00%		Monthly		09/17/2058		1,782		468			366			102
Morgan Stanley		CMBX.NA.BBB-.9		Buy		3.00%		Monthly		09/17/2058		276		73			54			19
JPMorgan Securities		CMBX.NA.BBB-.9		Buy		3.00%		Monthly		09/17/2058		184		48			38			10
Citibank		CMBX.NA.BBB-.9		Buy		3.00%		Monthly		09/17/2058		346		91			71			20
Citibank		CMBX.NA.BBB-.9		Buy		3.00%		Monthly		09/17/2058		553		145			113			32
Citibank		CMBX.NA.BBB-.9		Buy		3.00%		Monthly		09/17/2058		553		145			113			32
Morgan Stanley		CMBX.NA.BBB-.9		Buy		3.00%		Monthly		09/17/2058		553		145			114			31
Citibank		CMBX.NA.BBB-.9		Buy		3.00%		Monthly		09/17/2058		523		137			41			96
Credit Suisse		CMBX-A-.6		Sell		2.00%		Monthly		05/11/2063		(1,305)		(167	)		(29	)		(138)

													$	(2,626	)	$	7		$	(2,633)

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)

Barclays PLC

IBOX.HY Total Return

Index Return

3-MONTH USD -LIBOR

Quarterly

12/20/2020

USD

16,070

(271

)

(274

)

Macquarie Bank Limited(A)

Bloomberg Commodity
Index 2-Month Forward
Total Return

BLOOMBERG
COMMODITY INDEX 2-
MONTH FORWARD TR

US T-BILL HIGH
DISCOUNT RATE +
16.5 BPS

Monthly

11/05/2020

USD

(952)

–

Macquarie Bank Limited(A)

Bloomberg Commodity
Index Total Return

BLOOMBERG
COMMODITY INDEX
TOTAL RETURN

US T-BILL HIGH
DISCOUNT RATE + 9
BPS

Monthly

11/05/2020

USD

(11,570)

(24

)

–

(24

)

Macquarie Bank Limited(A)

Macquarie Commodity
Product 251E

MACQUARIE COMMODITY
PRODUCT 251E

0.33%

Monthly

10/03/2020

USD

(2,597)

–

Merrill Lynch(A)

Bloomberg Commodity
Index 2-Month Forward
Total Return

BLOOMBERG
COMMODITY INDEX

2-MONTH FORWARD TR

US T-BILL HIGH

DISCOUNT RATE + 12
BPS

Monthly

11/05/2020

USD

(1,553)

–

Merrill Lynch(A)

Bloomberg Commodity
Index Total Return

BLOOMBERG
COMMODITY INDEX
TOTAL RETURN

US T-BILL HIGH
DISCOUNT RATE + 11
BPS

Monthly

11/05/2020

USD

(11,019)

(23

)

–

(23

)

Merrill Lynch(A)

BOFA Merrill Lynch
Commodity
MLBXCS3E Excess

BOFA MERRILL LYNCH
COMMODITY MLBXCS3E
EXCESS

3-Month U.S. Treasury
rate plus 14 BPS

Monthly

10/03/2020

USD

(2,509)

–

Societe Generale(A)

Bloomberg Commodity
Index 2-Month Forward
Total Return

BLOOMBERG
COMMODITY INDEX

2-MONTH FORWARD TR

US T-BILL HIGH
DISCOUNT RATE + 14
BPS

Monthly

11/05/2020

USD

(1,692)

–

Societe Generale(A)

Bloomberg Commodity
Index Total Return

BLOOMBERG
COMMODITY INDEX
TOTAL RETURN

US T-BILL HIGH
DISCOUNT RATE + 11
BPS

Monthly

11/05/2020

USD

(6,745)

(14

)

–

(14

)

Societe Generale(A)

Societe Generale
Commodities Custom
Alpha 061

SOCIETE GENERALE
COMMODITIES CUSTOM
ALPHA 061

0.35%

Monthly

10/03/2020

USD

(2,641)

–

(256

)

(259

)

308

SEI Institutional Managed Trust / Annual Report / September 30, 2020

A list of the open centrally cleared swap agreements held by the Fund at September 30, 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)
Malaysia		Buy		1.00%		Quarterly		12/20/2025		$14,740		$ (334	)		$ (332	)		$ (2	)
CDX.NAIG.34.V1		Buy		1.00%		Quarterly		06/20/2025		127,960		(874	)		(130	)		(744	)
People’s Republic of China		Buy		1.00%		Quarterly		06/20/2025		21,400		(565	)		(479	)		(86	)

												$ (1,773	)		$ (941	)		$ (832	)


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)
3-MONTH SEK -STIBOR		-0.0165%		Annually		08/30/2024		SEK		153,850	$	(123	)	$	–	$	(123	)
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		(140	)		–		(140	)
0.5575%		3-MONTH USD - LIBOR		Quarterly		06/05/2027		USD		15,800		(103	)		–		(103	)
2.44%		3-MONTH USD - LIBOR		Quarterly		04/04/2027		USD		10,400		(1,440	)		–		(1,440	)
1.67		3-MONTH USD - LIBOR		Quarterly		11/09/2026		USD		1,490		(113	)		–		(113	)
1.66		3-MONTH USD - LIBOR		Quarterly		11/08/2026		USD		1,490		(111	)		–		(111	)
1.60%		3-MONTH USD - LIBOR		Quarterly		10/25/2026		USD		6,110		(470	)		–		(470	)
3-MONTH CAD - CDOR		CAD @ 0.698%		Semi-Annually		08/07/2025		CAD		50,410		(64	)		–		(64	)
2.293%		3-MONTH USD - LIBOR		Quarterly		08/04/2025		USD		2,717		(265	)		–		(265	)
3-MONTH USD - LIBOR		0.512%		Quarterly		06/09/2025		USD		89,410		(886	)		–		(886	)
2.49%		3-MONTH USD - LIBOR		Quarterly		06/09/2025		USD		1,710		(185	)		–		(185	)
3 MONTH USD - LIBOR		2.31%		Quarterly		05/18/2025		USD		2,820		(282	)		–		(282	)
1.99%		3-MONTH USD - LIBOR		Semi-Annually		04/21/2025		USD		–		–			–		–
1.99%		3-MONTH USD - LIBOR		Quarterly		04/21/2025		USD		2,760		(232	)		–		(232	)
3-MONTH CAD - CDOR		0.9575%		Semi-Annually		03/25/2025		CAD		25,112		209			–		209
1.593%		3-MONTH USD - LIBOR		Quarterly		09/27/2029		USD		2,230		(186	)		–		(186	)
2.631%		3-MONTH USD - LIBOR		Quarterly		11/10/2035		USD		1,190		(301	)		–		(301	)

												(5,269	)		–		(5,269	)

A list of the open reverse repurchase agreements held by the Fund at September 30, 2020 is as follows:


Principal Amount ($ Thousands)		Counterparty			Value ($ Thousands)
$	(30,544)		Chase Securities	0.18 %	$	(30,544	)
	(26,019)		Chase Securities	0.18 %		(26,019	)
	(4,118)		Chase Securities	0.18 %		(4,118	)
	(81,420)		Chase Securities	0.18 %		(81,420	)
	(4,275)		Chase Securities	0.18 %		(4,275	)
	(8,129)		Chase Securities	0.18 %		(8,129	)
	(15,956)		Chase Securities	0.18 %		(15,956	)
	(20,381)		Chase Securities	0.18 %		(20,381	)
	(35,045)		Chase Securities	0.18 %		(35,045	)
	(8,664)		Chase Securities	0.18 %		(8,664	)

					$	(234,551	)

Percentages are based on Net Assets of $781,135 ($ Thousands).

*	Non-income producing security.

^‡	Real Estate Investment Trust.

^‡‡	Expiration date not available.

(A)	Security, or a portion thereof, is held by the Accumulation Commodity Strategy Subsidiary, Ltd. as of September 30, 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, or portion thereof, has been pledged as collateral on open Reverse Repos.

(D)	Variable or floating rate security, the interest rate of which adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets.

(E)	Security, or portion thereof, has been pledged as collateral on securities sold short.

(F)	Security is a Master Limited Partnership. At September 30, 2020, such securities amounted to $30 ($ Thousands), or 0.0% of the Net Assets of the Fund (See Note 2).

(G)

Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration normally to qualified institutions. On September 30, 2020, the value of these securities amounted to $79,722 ($ Thousands), representing 10.2% of the Net Assets of the Fund.

(H)	Security is in default on interest payment.

(I)	Perpetual security with no stated maturity date.

(J)	Refer to table below for details on Options Contracts.

(K)	Refer to table below for details on Swaption Contracts.

(L)	Security, or a portion thereof, has been pledged as collateral on open swap agreements.

(M)	Security, or a portion thereof, has been pledged as collateral on open forward contracts.

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

AUD — Australian Dollar

BRL — Brazilian Real

CAD — Canadian Dollar

CDOR — Canadian Dollar Offered Rate

Cl — Class

CLO — Collateralized Loan Obligation

CMBX — Commercial Mortgage-Backed Index

CMO — Collateralized Mortgage Obligation

SEI Institutional Managed Trust / Annual Report / September 30, 2020

309

CONSOLIDATED SCHEDULE OF INVESTMENTS

September 30, 2020

Multi-Asset Inflation Managed Fund (Concluded)

CNH — Chinese Yuan Offshore

CNY — Chinese Yuan Onshore

CVR — Contingent Value Rights

DAC — Designated Activity Company

DN — Discount Note

EAFE — Europe, Australasia and Far East

EUR — Euro

FFCB — Federal Farm Credit Bank

FHLB — Federal Home Loan Bank

FHLMC — Federal Home Loan Mortgage Corporation

FNMA — Federal National Mortgage Association

GBP — British Pound Sterling

GNMA — Government National Mortgage Association

GO — General Obligation

HKD — Hong Kong Dollar

ICE— Intercontinental Exchange

IO — Interest Only — face amount represents notional amount.

JPY — Japanese Yen

KRW — Korean Won

LIBOR — London Interbank Offered Rate

Ltd. — Limited

LME — London Metal Exchange

MSCI — Morgan Stanley Capital International

MTN — Medium Term Note

MYR — Malaysian Ringgit

OTC — Over The Counter

PLC — Public Limited Company

RB — Revenue Bond

REMIC — Real Estate Mortgage Investment Conduit

S&P — Standard & Poor’s

SEK — Swedish Krona

Ser — Series

STIBOR — Stockholm Interbank Offered Rate

USD — U.S. Dollar

VAR — Variable Rate

ZAR — South African Rand

The following is a list of the level of inputs used as of September 30, 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		–			535,254			–		535,254
Common Stock		180,906			–			–		180,906
Corporate Obligations		–			114,698			–		114,698
Mortgage-Backed Securities		–			62,964			–		62,964
U.S. Government Agency Obligations		–			55,753			–		55,753
Sovereign Debt		–			24,046			–		24,046
Asset-Backed Securities		–			17,044			–		17,044
Municipal Bonds		–			1,205			–		1,205
Foreign Common Stock		76			–			–		76
Right		19			–			–		19
Warrant		–			20			–		20

Total Investments in Securities		181,001			810,984			–		991,985

Securities Sold Short
Common Stock		(84,973	)		–			–		(84,973	)
Foreign Common Stock		(89	)		–			–		(89	)
Preferred Stock		–			(4	)		–		(4	)

Total Securities Sold Short		(85,062	)		(4	)		–		(85,066	)



Other Financial Instruments	Level 1 ($)			Level 2 ($)			Level 3 ($)		Total ($)
Purchased Options		1,868			–			–		1,868
Purchased Swaptions		–			285			–		285
Written Options		(442	)		–			–		(442	)
Written Swaptions		–			(951	)		–		(951	)
Futures Contracts*
Unrealized Appreciation		5,260			–			–		5,260
Unrealized Depreciation		(1,731	)		–			–		(1,731	)
Forwards Contracts*
Unrealized Appreciation		–			713			–		713
Unrealized Depreciation		–			(323	)		–		(323	)
OTC Swaps
Credit Default Swaps*
Unrealized Appreciation		–			1,262			–		1,262
Unrealized Depreciation		–			(3,895	)		–		(3,895	)
Total Return Swaps*
Unrealized Appreciation		–			76			–		76
Unrealized Depreciation		–			(335	)		–		(335	)
Centrally Cleared Swaps
Credit Default Swaps*
Unrealized Depreciation		–			(832	)		–		(832	)
Interest Rate Swaps*
Unrealized Appreciation		–			209			–		209
Unrealized Depreciation		–			(5,478	)		–		(5,478	)
Reverse Repurchase Agreements		–			(234,551)			–		(234,551	)

Total Other Financial Instruments		4,955			(243,820	)		–		(238,865	)

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

For the year ended September 30, 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.

310

SEI Institutional Managed Trust / Annual Report / September 30, 2020

SCHEDULE OF INVESTMENTS

September 30, 2020

Multi-Asset Capital Stability Fund

LOGO

^†Percentages are based on total investments.



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

U.S. TREASURY OBLIGATIONS — 35.5%
U.S. Treasury Bills
0.091%, 11/05/2020 (A)	$	147,497	$	147,485
0.080%, 10/29/2020 (A)		36,914		36,911
U.S. Treasury Inflation Protected Securities
3.875%, 04/15/2029		1,045		1,503
3.625%, 04/15/2028		1,063		1,458
3.375%, 04/15/2032		312		473
2.500%, 01/15/2029		912		1,191
2.375%, 01/15/2025		1,807		2,098
2.375%, 01/15/2027		1,007		1,242
2.125%, 02/15/2040		541		830
2.125%, 02/15/2041		740		1,151
2.000%, 01/15/2026		1,365		1,608
1.750%, 01/15/2028		982		1,196
1.375%, 02/15/2044		1,305		1,858
1.000%, 02/15/2046		815		1,102
1.000%, 02/15/2048		863		1,192
1.000%, 02/15/2049		836		1,169
0.875%, 01/15/2029		8,545		9,956
0.875%, 02/15/2047		862		1,149
0.750%, 07/15/2028		2,072		2,388
0.750%, 02/15/2042		1,319		1,661
0.750%, 02/15/2045		1,431		1,824
0.625%, 04/15/2023		2,729		2,855
0.625%, 01/15/2024		2,799		2,975
0.625%, 01/15/2026		2,184		2,408
0.625%, 02/15/2043		946		1,168
0.500%, 04/15/2024		1,909		2,027
0.500%, 01/15/2028		2,051		2,302
0.375%, 07/15/2023		2,941		3,086
0.375%, 07/15/2025		2,849		3,093
0.375%, 01/15/2027		2,091		2,301
0.375%, 07/15/2027		2,224		2,473
0.250%, 01/15/2025		2,724		2,907
0.250%, 07/15/2029		1,949		2,181
0.250%, 02/15/2050		1,026		1,213
0.125%, 01/15/2022		1,092		1,110
0.125%, 04/15/2022		3,979		4,049
0.125%, 07/15/2022		2,938		3,015
0.125%, 01/15/2023		2,855		2,943
0.125%, 07/15/2024		2,672		2,827
0.125%, 10/15/2024		2,533		2,688
0.125%, 04/15/2025		2,180		2,320



Description	Face Amount (Thousands)		Market Value ($ Thousands)
U.S. TREASURY OBLIGATIONS (continued)
0.125%, 07/15/2026	$	2,138	$	2,319
0.125%, 01/15/2030		2,924		3,232
0.125%, 07/15/2030		2,129		2,369


Total U.S. Treasury Obligations (Cost $270,675) ($ Thousands)				277,306


COMMERCIAL PAPER — 18.2%

American Honda Finance CP
0.300%, 11/18/2020		14,000		13,995
Banco Del Estado
0.180%, 11/30/2020		13,950		13,946
CNPC Finance HK Ltd
0.480%, 10/15/2020		14,000		13,998
ENI Finance USA
0.300%, 12/09/2020		14,000		13,991
General Motors
0.600%, 10/26/2020		13,650		13,642
Hyundai Capital
0.290%, 11/16/2020		14,000		13,993
Industrial & Comercial Bank of China
0.390%, 10/16/2020		8,250		8,249
Intercontinental Exchange
0.340%, 11/03/2020		14,000		13,996
Intesa
0.280%, 12/02/2020		13,950		13,937
Jabil Inc
0.650%, 10/05/2020		13,900		13,899
Motiva Enterprises
0.290%, 10/28/2020		8,600		8,599


Total Commercial Paper (Cost $142,253) ($ Thousands)				142,245


	Shares

EXCHANGE TRADED FUNDS — 5.7%
United States — 5.7%
Financial Select Sector SPDR Fund		37,444		901
Industrial Select Sector SPDR Fund		3,536		272
iShares Core S&P 500 ETF		53,136		17,857
SPDR S&P Homebuilders ETF		16,890		910
Technology Select Sector SPDR Fund		23,528		2,746
Vanguard Intermediate-Term Corporate Bond ETF		33,677		3,226
Vanguard S&P 500 ETF		58,148		17,889
Xtrackers Harvest CSI 300 China A-Shares ETF		6,657		230


Total Exchange Traded Funds (Cost $36,521) ($ Thousands)				44,031


SEI Institutional Managed Trust / Annual Report / September 30, 2020		311

SCHEDULE OF INVESTMENTS

September 30, 2020

Multi-Asset Capital Stability Fund (Continued)



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

U.S. GOVERNMENT AGENCY OBLIGATIONS — 4.9%
FHLB
1.625%, 11/19/2021	$	27,610	$	28,070
0.125%, 08/12/2022		9,775		9,769


Total U.S. Government Agency Obligations (Cost $37,646) ($ Thousands)				37,839


SOVEREIGN DEBT — 3.0%
Japanese Government CPI Linked Bond
0.100%, 03/10/2026		JPY 1,379,088		13,017
0.100%, 03/10/2027		1,102,537		10,412


Total Sovereign Debt (Cost $24,086) ($ Thousands)				23,429


	Shares

COMMON STOCK — 1.0%

United Kingdom — 0.0%
Medtronic PLC		2,922		304


United States — 1.0%
Communication Services — 0.3%
Facebook Inc, Cl A *		1,822		477
Netflix Inc *		878		439
Walt Disney Co/The		7,787		966


				1,882


Consumer Discretionary — 0.3%
Amazon.com Inc, Cl A *		93		293
Carnival Corp		2,801		43
Hovnanian Enterprises, Cl A *		3,184		104
KB Home		2,265		87
Las Vegas Sands Corp		21,621		1,009
Lennar Corp, Cl A		1,228		100
MGM Resorts International		6,355		138
NIO Inc ADR *		6,622		141
Norwegian Cruise Line Holdings Ltd *		5,284		90
PulteGroup Inc		2,159		100
Toll Brothers Inc		3,048		148
TRI Pointe Group Inc *		5,364		97


				2,350


Financials — 0.2%
American Express Co		452		45
Bank of America Corp		13,433		324
Bank of New York Mellon Corp/The		1,321		45
Berkshire Hathaway Inc, Cl B *		214		46
Cboe Global Markets Inc		529		46
Citigroup Inc		1,044		45
Discover Financial Services		792		46
Goldman Sachs Group Inc/The		240		48



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
JPMorgan Chase & Co		2,711	$	261
MarketAxess Holdings Inc		106		51
US Bancorp		10,099		362
Wells Fargo & Co		3,167		74


				1,393


Health Care — 0.1%
BioNTech ADR		2,476		171
Gilead Sciences Inc		3,894		246
Moderna Inc *		1,804		128
Pfizer Inc		10,217		375


				920


Industrials — 0.1%
Caterpillar Inc, Cl A		3,598		537
Delta Air Lines Inc, Cl A		1,065		33
Southwest Airlines Co, Cl A		7,355		276


				846


Information Technology — 0.0%
Apple Inc		1,725		200


				7,591


Total Common Stock (Cost $7,151) ($ Thousands)				7,895


	Face Amount (Thousands)

MORTGAGE-BACKED SECURITY — 0.0%

Agency Mortgage-Backed Obligations — 0.0%
FNMA TBA
5.000%, 10/01/2038	$	200		219

Total Mortgage-Backed Security (Cost $219) ($ Thousands)				219


Total Investments in Securities — 68.3% (Cost $518,551) ($ Thousands)			$	532,964


	Contracts

*PURCHASED OPTIONS(B) — 0.2%**

Total Purchased Options (Cost $2,477) ($ Thousands)		79,798	$	1,543


*WRITTEN OPTIONS(B) — (0.1)%**

Total Written Options (Premiums Received $2,067) ($ Thousands)		(7,296)	$	(1,077)


312		SEI Institutional Managed Trust / Annual Report / September 30, 2020

A list of open exchange traded options held by the Fund at September 30, 2020, is as follows:


Description	Number of Contracts		Notional Amount^† (Thousands)		Exercise Price		Expiration Date		Value (Thousands)

PURCHASED OPTIONS — 0.2%

Put Options
SPX US*		41	$	540		$3,250.00		12/19/2020	$	516
TSLA US*		58		537		450.00		12/19/2020		466


				1,077						982


Call Options
AAL US*		1,839		441		19.00		11/21/2020		50
AAPL US*		27		24		120.00		12/19/2020		21
AMZN US*		1		32		3,400.00		12/19/2020		18
LVS US*		172		81		52.50		12/19/2020		42
QQQ US*		23		50		280.00		12/19/2020		39
RUT US*		40		347		1,600.00		12/19/2020		202
WYNN US*		100		100		92.50		12/19/2020		32
XLF US*		2,497		325		26.00		12/19/2020		157


				1,400						561


Total Purchased Options			$	2,477					$	1,543


WRITTEN OPTIONS — (0.1)%

Put Options
AAL US*		(1,839)	$	(429)		10.00		11/21/20	$	(145)
AMZN US*		(1)		(12)		2,600.00		12/19/20		(6)
APPL US*		(27)		(12)		95.00		12/19/20		(6)
LVS US*		(293)		(51)		40.00		12/19/20		(59)
QQQ US*		(23)		(17)		225.00		12/19/20		(8)
RUT US*		(30)		(52)		1,180.00		12/19/20		(44)
SPX US*		(41)		(105)		2,490.00		12/19/20		(63)
SPX US*		(41)		(172)		2,710.00		12/19/20		(121)
TSLA US*		(58)		(224)		340.00		12/19/20		(150)
WYNN US*		(125)		(37)		60.00		12/19/20		(48)
XLF US*		(1,873)		(45)		19.00		12/19/20		(58)


				(1,156)						(708)


Call Options
AMZN US*		(2)		(33)		3,800.00		12/19/20		(16)
APPL US*		(33)		(12)		140.00		12/19/20		(8)
LVS US*		(172)		(40)		60.00		12/19/20		(21)
QQQ US*		(29)		(31)		305.00		12/19/20		(17)
RUT US*		(40)		(272)		1,635.00		12/19/20		(128)
TSLA US*		(72)		(237)		780.00		12/19/20		(65)
WYNN US*		(100)		(74)		100.00		12/19/20		(22)
XLF US*		(2,497)		(212)		27.00		12/19/20		(92)


				(911)						(369)


Total Written Options			$	(2,067)					$	(1,077)

^†Represents cost.


SEI Institutional Managed Trust / Annual Report / September 30, 2020			313

SCHEDULE OF INVESTMENTS

September 30, 2020

Multi-Asset Capital Stability Fund (Continued)

A list of the open futures contracts held by the Fund at September 30, 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		6		Oct-2020	$	791		$	770		$	(13)

Australian 10-Year Bond		17		Dec-2020		1,828			1,820			23

CAC40 10 Euro Index		28		Oct-2020		1,658			1,576			(68	)

Canadian 10-Year Bond		166		Dec-2020		19,022			18,866			52

CBOE Volatility Index		78		Nov-2020		2,444			2,564			120

CBOE Volatility Index		(78)		Oct-2020		(2,408	)		(2,369	)		39

DAX Index		3		Dec-2020		1,173			1,124			(37)

Euro STOXX 50		(3)		Dec-2020		(111	)		(112	)		(1)

Euro STOXX 50		(89)		Dec-2020		(3,502	)		(3,334	)		133

Euro-OAT		1		Dec-2020		198			198			1

FTSE 100 Index		27		Dec-2020		2,068			2,039			(46)

FTSE MIB Index		9		Dec-2020		1,052			1,001			(42)

Hang Seng Index		(10)		Nov-2020		(1,510	)		(1,512	)		(1)

IBEX		13		Oct-2020		1,077			1,026			(41)

Japanese 10-Year Bond		(11)		Dec-2020		(15,757	)		(15,855	)		(36	)

Long Gilt 10-Year Bond		56		Jan-2021		9,969			9,854			(7	)

MSCI EAFE Index		218		Dec-2020		20,729			20,200			(529	)

MSCI Emerging Markets		108		Dec-2020		5,985			5,878			(107	)

NASDAQ 100 Index E-MINI		21		Dec-2020		4,686			4,791			105

Nikkei 225 Index		200		Dec-2020		4,336			4,395			47

Nikkei 225 Index		28		Dec-2020		3,222			3,263			40

OMX Stockholm 30		34		Oct-2020		704			696			4

OMX Stockholm 30		(45)		Oct-2020		(932	)		(921	)		(6	)

Russell 2000 Index E-MINI		43		Dec-2020		3,316			3,234			(81)

S&P 500 Index E-MINI		(16)		Dec-2020		(2,603	)		(2,682	)		(79	)

S&P 500 Index E-MINI		61		Dec-2020		10,188			10,224			35

S&P TSX 60 Index		11		Dec-2020		1,603			1,584			(8	)

SPI 200 Index		(22)		Dec-2020		(2,365	)		(2,287	)		35

SPI 200 Index		30		Dec-2020		3,253			3,119			(76)

U.S. 5-Year Treasury Note		408		Jan-2021		51,358			51,421			63

U.S. 10-Year Treasury Note		270		Dec-2020		37,677			37,673			(4	)

U.S. 10-Year Treasury Note		22		Dec-2020		3,062			3,070			7

U.S. Long Treasury Bond		3		Dec-2020		530			529			(1	)

U.S. Ultra Long Treasury Bond		1		Dec-2020		222			222			–

					$	162,963		$	162,065		$	(479	)

A list of the open forward foreign currency contracts held by the Fund at September 30, 2020, is as follows:



Counterparty	Settlement Date			Currency to Deliver (Thousands)			Currency to Receive (Thousands)		Unrealized Appreciation (Depreciation) (Thousands)
ANZ		10/29/20	JPY		53,497	AUD		691	$	(12)

Bank of America		10/09/20	CAD		808	USD		614		9

Bank of America		10/09/20	USD		2,009	CAD		2,655		(21)

Bank of America		10/16/20	SEK		5,533	USD		629		10

Bank of America		10/16/20	NOK		5,677	USD		625		18

Bank of America		11/10/20	USD		943	KRW		1,119,182		18

Bank of America		11/10/20	KRW		596,532	USD		501		(11)

Barclays PLC		10/16/20	USD		514	NOK		4,524		(30)

Barclays PLC		10/19/20	USD		1,260	TWD		36,575		7

Barclays PLC		10/19/20 -10/21/20	CNH		17,280	USD		2,481		(61)

314

SEI Institutional Managed Trust / Annual Report / September 30, 2020



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

Barclays PLC		10/19/20	TWD		72,943	USD		2,502	$	(25	)

Barclays PLC		10/21/20	USD		1,765	CNH		12,182		27

Barclays PLC		10/27/20	USD		505	MYR		2,111		4

Barclays PLC		10/27/20	MYR		4,281	USD		1,038		6

Barclays PLC		10/27/20	MYR		2,087	USD		500		(3	)

Barclays PLC		10/29/20	USD		504	AUD		714		8

Barclays PLC		10/29/20	AUD		691	USD		500		5

Barclays PLC		11/10/20	KRW		478,395	USD		404		(7	)

Barclays PLC		11/27/20	ZAR		8,200	USD		501		13

BNP Paribas		10/21/20	USD		748	CNH		5,210		18

BNP Paribas		10/27/20	SGD		686	USD		505		2

BNP Paribas		10/27/20	NZD		763	USD		501		(3	)

BNP Paribas		11/12/20	USD		933	ILS		3,214		7

Brown Brothers Harriman		10/08/20	MXN		7,926	USD		368		10

Brown Brothers Harriman		10/08/20	JPY		53,158	USD		498		(6	)

Brown Brothers Harriman		10/09/20	CAD		957	USD		719		2

Brown Brothers Harriman		10/09/20	USD		2,294	CAD		3,041		(18	)

Brown Brothers Harriman		10/15/20	GBP		195	EUR		213		(3	)

Brown Brothers Harriman		10/15/20	USD		251	GBP		195		1

Brown Brothers Harriman		10/15/20	EUR		426	CHF		459		—

Brown Brothers Harriman		10/15/20	EUR		1,098	USD		1,300		12

Brown Brothers Harriman		10/16/20	USD		355	SEK		3,187		2

Brown Brothers Harriman		10/16/20	USD		636	NOK		5,955		1

Brown Brothers Harriman		10/16/20	USD		501	NOK		4,508		(20	)

Brown Brothers Harriman		10/16/20	NOK		2,343	EUR		212		(2	)

Brown Brothers Harriman		10/16/20	SEK		4,514	EUR		435		5

Brown Brothers Harriman		10/16/20	SEK		2,230	EUR		212		—

Brown Brothers Harriman		10/16/20	SEK		4,363	USD		498		10

Brown Brothers Harriman		10/16/20	SEK		2,528	USD		276		(6	)

Brown Brothers Harriman		10/16/20	NOK		6,843	USD		742		11

Brown Brothers Harriman		10/16/20	NOK		3,317	USD		351		(4	)

Brown Brothers Harriman		10/29/20	NZD		597	USD		403		8

Brown Brothers Harriman		10/27/20	NZD		375	USD		247		(1	)

Brown Brothers Harriman		10/27/20 - 10/29/20	USD		640	NZD		976		5

Brown Brothers Harriman		10/27/20 - 10/29/20	USD		751	NZD		1,113		(16	)

Brown Brothers Harriman		10/29/20	USD		249	AUD		348		—

Brown Brothers Harriman		10/29/20	USD		378	AUD		518		(7	)

Brown Brothers Harriman		10/29/20	AUD		703	NZD		757		(3	)

Brown Brothers Harriman		10/29/20	NZD		1,136	AUD		1,043		(3	)

Brown Brothers Harriman		11/12/20	ILS		8,471	USD		2,492		13

Brown Brothers Harriman		11/19/20	USD		80	CHF		73		(1	)

Brown Brothers Harriman		11/27/20	USD		246	ZAR		4,176		3

Brown Brothers Harriman		11/27/20	ZAR		4,533	USD		263		(7	)

Citigroup		10/08/20	USD		1,514	JPY		158,054		(15	)

Citigroup		10/15/20	EUR		1,063	USD		1,258		11

Citigroup		10/16/20	USD		994	SEK		8,971		9

Citigroup		10/19/20	USD		505	TWD		14,717		4

Citigroup		10/22/20	USD		498	PLN		1,854		(18	)

Citigroup		10/22/20	PLN		1,899	USD		498		6

SEI Institutional Managed Trust / Annual Report / September 30, 2020

315

SCHEDULE OF INVESTMENTS

September 30, 2020

Multi-Asset Capital Stability Fund (Continued)



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

Citigroup		10/22/20	CZK		10,991	USD		495	$	19

Citigroup		10/22/20	CZK		18,333	EUR		688		13

Citigroup		10/27/20	NZD		748	USD		500		6

Citigroup		10/27/20	USD		1,506	SGD		2,061		4

Citigroup		11/13/20	CLP		613,940	USD		803		23

Citigroup		11/13/20	COP		1,403,129	USD		377		14

Citigroup		11/19/20	USD		505	GBP		390		—

Credit Suisse First Boston		10/19/20	USD		2,472	CNH		17,357		82

Credit Suisse First Boston		10/19/20	CNH		8,651	USD		1,238		(35	)

Deutsche Bank		11/27/20	USD		507	ZAR		8,557		2

Goldman Sachs		10/08/20	USD		831	MXN		18,814		21

Goldman Sachs		10/08/20	USD		760	MXN		16,218		(26	)

Goldman Sachs		10/09/20	CAD		1,243	USD		927		(4	)

Goldman Sachs		10/15/20	USD		1,481	INR		111,365		29

Goldman Sachs		10/15/20	INR		37,336	USD		496		(10	)

Goldman Sachs		10/16/20	EUR		435	USD		512		2

Goldman Sachs		10/16/20	USD		509	NOK		4,562		(21	)

Goldman Sachs		10/22/20	USD		520	HUF		153,001		(26	)

Goldman Sachs		10/22/20	USD		1,316	CZK		29,324		(46	)

Goldman Sachs		10/27/20	USD		1,003	MYR		4,257		22

Goldman Sachs		11/13/20	USD		802	CLP		613,940		(22	)

HSBC		10/09/20	CAD		1,648	USD		1,249		15

HSBC		10/15/20	EUR		959	USD		1,127		3

HSBC		10/16/20	USD		1,116	SEK		10,197		23

HSBC		10/21/20	USD		1,254	CNH		8,591		10

HSBC		10/21/20	HKD		57,660	USD		7,438		(1	)

HSBC		10/22/20	USD		517	PLN		1,933		(17	)

HSBC		10/22/20	HUF		153,001	EUR		438		19

HSBC		10/27/20	NZD		3,281	USD		2,165		(3	)

JPMorgan Chase Bank		10/08/20	USD		503	JPY		53,351		2

JPMorgan Chase Bank		10/09/20	USD		1,887	CAD		2,531		8

JPMorgan Chase Bank		10/09/20	CAD		1,986	USD		1,505		18

JPMorgan Chase Bank		10/09/20	CAD		2,126	USD		1,585		(6	)

JPMorgan Chase Bank		10/16/20	USD		1,006	NOK		9,099		(33	)

JPMorgan Chase Bank		10/22/20	USD		755	PLN		2,837		(21	)

JPMorgan Chase Bank		10/27/20	THB		23,278	USD		737		3

JPMorgan Chase Bank		11/12/20	USD		505	ILS		1,726		—

JPMorgan Chase Bank		11/13/20	COP		1,792,641	USD		482		18

Morgan Stanley		10/08/20	JPY		10,934,248	USD		103,650		23

Morgan Stanley		10/16/20	NOK		4,513	USD		507		25

Morgan Stanley		10/19/20	USD		496	TWD		14,370		2

Morgan Stanley		11/10/20	USD		503	KRW		586,128		—

RBS		10/08/20	JPY		53,260	USD		503		(2	)

RBS		10/09/20	USD		601	CAD		797		(5	)

RBS		10/27/20	USD		505	NZD		772		6

RBS		11/10/20	USD		503	KRW		596,532		9

RBS		11/10/20 - 11/18/20	USD		1,296	TWD		37,791		19

Societe Generale		10/21/20	CNH		4,259	USD		622		(5	)

Standard Bank		10/08/20	JPY		52,984	USD		502		—

316

SEI Institutional Managed Trust / Annual Report / September 30, 2020



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

Standard Bank		10/09/20	USD		504	CAD		658	$	(12	)

Standard Bank		10/09/20	CAD		989	USD		758		18

Standard Bank		11/10/20	KRW		640,788	USD		542		(9	)

UBS		10/09/20	CAD		662	USD		506		10

UBS		10/15/20	CHF		459	EUR		426		—

UBS		10/15/20	EUR		1,056	USD		1,251		13

UBS		10/16/20	NOK		5,955	USD		649		12

UBS		10/19/20	USD		251	TWD		7,281		1

UBS		11/10/20	TWD		23,256	USD		792		(17	)

UBS		11/19/20	GBP		690	USD		897		5

									$	140

A list of the open OTC swap agreements held by the Fund at September 30, 2020 is as follows:


Variance Swaps

Counterparty	Reference Entity/ Obligation		Volatility Strike Price			Payment Frequency		Termination Date		Currency		Notional Amount (Thousands)		Value (Thousands)			Upfront Payments/ Receipts (Thousands)		Net Unrealized Appreciation (Depreciation) (Thousands)
Bank of America Merill Lynch		USDCAD VARSWAP Long		6.04	%		Quarterly		10/17/2020		USD		37	$	(1	)	$	–	$	(1	)
Bank of America Merill Lynch		USDJPY VARSWAP Long		7.85	%		Annual		9/18/2021		USD		38		—			–		–

														$	(1	)	$	–	$	(1	)

A list of the open centrally cleared swap agreements held by the Fund at September 30, 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)	$	135	$	(170	)	$	305
CDX.NA.IG.S34V1-5Y	Sell	5.00%	Quarterly	06/20/2025		(6,431)		247		242			5
CDX.NA.IG.S34V1-5Y	Sell	1.00%	Quarterly	06/20/2025		(5,010)		34		81			(47	)
CDX.NA.IG.S35V1-5Y	Sell	1.00%	Quarterly	12/20/2025		(350)		7		7			0
CDX.OVER.S33V1-5Y	Sell	5.00%	Quarterly	06/20/2025		EUR (1,003)		73		80			(7	)

							$	496	$	240		$	256



Interest Rate Swaps
Fund Pays	Fund Receives	Payment Frequency	Termination Date	Currency	Notional Amount (Thousands)		Value (Thousands)		Upfront Payments/ Receipts (Thousands)		Net Unrealized Appreciation (Depreciation) (Thousands)
6-MONTH AUD - BBSW	1.264%	Semi-Annual	01/24/2030	USD		4,040	$	158	$	–	$	158
3-MONTH NZD - BKBM	0.641%	Semi-Annual	08/11/2030	USD		990		9		–		9
6-MONTH AUD - BBSW	0.742%	Semi-Annual	08/10/2030	USD		1,120		1		–		1
3-MONTH NZD - BKBM	0.638%	Semi-Annual	08/10/2030	USD		1,400		12		–		12
6-MONTH AUD - BBSW	0.744%	Semi-Annual	08/07/2030	USD		1,310		2		–		2
3M NZD BKBM	0.679%	Semi-Annual	07/31/2030	USD		940		11		–		11
6M AUD BBSW	0.793%	Semi-Annual	07/30/2030	USD		930		5		–		5
3-MONTH NZD - BKBM	0.695%	Semi-Annual	07/24/2030	USD		890		11		–		11
6-MONTH AUD - BBSW	0.795%	Semi-Annual	07/23/2030	USD		930		5		–		5
3-MONTH NZD - BKBM	0.732%	Semi-Annual	07/17/2030	USD		1,500		23		–		23
6-MONTH AUD - BBSW	0.845%	Semi-Annual	07/16/2030	USD		1,600		14		–		14
3-MONTH NZD - BKBM	0.780%	Semi-Annual	07/09/2030	USD		550		10		–		10

SEI Institutional Managed Trust / Annual Report / September 30, 2020

317

SCHEDULE OF INVESTMENTS

September 30, 2020

Multi-Asset Capital Stability Fund (Concluded)


Fund Pays	Fund Receives	Payment Frequency	Termination Date	Currency	Notional Amount (Thousands)		Value (Thousands)		Upfront Payments/ Receipts (Thousands)		Net Unrealized Appreciation (Depreciation) (Thousands)
6-MONTH AUD - BBSW	0.843%	Semi-Annual	07/08/2030	USD		630	$	6	$	–	$	6
3-MONTH NZD - BKBM	0.770%	Semi-Annual	07/03/2030	USD		810		15		–		15
6-MONTH AUD - BBSW	0.900%	Semi-Annual	07/02/2030	USD		760		10		–		10
3-MONTH NZD - BKBM	0.745%	Semi-Annual	06/04/2030	USD		1,870		32		–		32
6-MONTH AUD - BBSW	0.880%	Semi-Annual	06/02/2030	USD		1,770		22		–		22
3-MONTH NZD - BKBM	0.958%	Semi-Annual	04/08/2030	USD		1,580		51		–		51
6-MONTH AUD - BBSW	0.887%	Semi-Annual	04/07/2030	USD		1,630		23		–		23
3-MONTH NZD - BKBM	1.016%	Semi-Annual	03/30/2030	USD		1,490		49		–		49
6-MONTH AUD - BBSW	1.097%	Semi-Annual	03/27/2030	USD		1,520		40		–		40
3-MONTH NZD - BKBM	1.375%	Semi-Annual	02/05/2030	USD		710		40		–		40
6-MONTH AUD - BBSW	1.077%	Semi-Annual	02/04/2030	USD		970		26		–		26
3-MONTH NZD - BKBM	1.618%	Semi-Annual	01/28/2030	USD		2,860		205		–		205
6-MONTH AUD - BBSW	0.810%	Semi-Annual	08/19/2030	USD		1,310		7		–		7
3-MONTH NZD - BKBM	0.590%	Semi-Annual	08/20/2030	USD		1,300		7		–		7

							$	794	$	–	$	794

Percentages are based on Net Assets of $780,732 ($ 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 Options Contracts.

ADR — American Depositary Receipt

AUD — Australian Dollar

CAD — Canadian Dollar

CBOE — Chicago Board Options Exchange

CHF — Swiss Franc

Cl — Class

CLP — Chilean Peso

CNH — Chinese Yuan Offshore

COP — Colombian Peso

CZK — Czech Koruna

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

HUF — Hungarian Forint

INR — Indian Rupee

ILS — Israeli New Sheckels

JPY — Japanese Yen

KRW — Korean Won

Ltd. — Limited

MSCI — Morgan Stanley Capital International

MYR — Malaysian Ringgit

NASDAQ – National

Association of Securities Dealers and Automated

Quotations

NOK — Norwegian Krone

NZD — New Zealand Dollar

PLC — Public Limited Company

OMX — Option Market Index

PLN — Polish Zloty

S&P— Standard & Poor’s

SGD — Singapore Dollar

SEK — Swedish Krona

SPDR — Standard & Poor’s Depository Receipt

SPI — Share Price Index

SPX — Standard & Poor’s 500 Index

TBA — To Be Announced

THB — Thai Bhat

TSX — Toronto Stock Exchange

TWD — Taiwan Dollar

USD — U.S. Dollar

ZAR — South African Rand

318

SEI Institutional Managed Trust / Annual Report / September 30, 2020

The following is a list of the level of inputs used as of September 30, 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

–

277,306

–

277,306

Commercial Paper

–

142,245

–

142,245

Exchange Traded Funds

44,031

–

44,031

U.S. Government Agency

Obligations

–

37,839

–

37,839

Sovereign Debt

–

23,429

–

23,429

Common Stock

7,895

–

7,895

Mortgage-Backed Security

–

219

–

219

Total Investments in Securities

51,926

481,038

–

532,964

Other Financial Instruments

Level 1
($)

Level 2
($)

Level 3
($)

Total
($)

Purchased Options

1,543

–

1,543

Written Options

(1,077)

–

(1,077)

Futures Contracts*

Unrealized Appreciation

704

–

704

Unrealized Depreciation

(1,183)

–

(1,183)

Forwards Contracts*

Unrealized Appreciation

–

764

–

764

Unrealized Depreciation

–

(624)

–

(624)

OTC Swaps

Variance Swaps*

Unrealized Depreciation

(1)

–

(1)

Centrally Cleared Swaps Credit Default Swaps*

Unrealized Appreciation

–

310

–

310

Unrealized Depreciation

–

(54)

–

(54)

Interest Rate Swaps*

Unrealized Appreciation

–

794

–

794

Total Other Financial Instruments

(14)

1,190

–

1,176

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

For the year ended September 30, 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 / Annual Report / September 30, 2020

319

STATEMENTS OF ASSETS AND LIABILITIES ($ Thousands)

September 30, 2020



	Large Cap Fund			Large Cap Value Fund
Assets:
Investments, at value ^†	$	2,031,980	*		$ 1,232,115	*
Affiliated investments, at value ^††		30,387			16,424
Cash and cash equivalents		–			–
Cash pledged as collateral on futures contracts		764			608
Foreign currency, at value ^†††		–			–
Receivable for fund shares sold		391			601
Receivable for investment securities sold		–			–
Dividends and interest receivable		2,378			2,551
Receivable for Variation Margin on Futures Contracts		57			49
Foreign tax reclaim receivable		26			61
Prepaid expenses		29			17
Total Assets		2,066,012			1,252,426
Liabilities:
Payable upon return on securities loaned		14,826			2,815
Payable for fund shares redeemed		2,290			489
Administration fees payable		405			282
Shareholder servicing fees payable Class F		400			226
Shareholder servicing fees payable Class I		–			–
Due to custodian		1			1
Payable for investment securities purchased		–			–
Payable for Variation Margin on Futures Contracts		–			–
Investment advisory fees payable		616			338
Chief Compliance Officer fees payable		3			2
Trustees fees payable		–			–
Administration servicing fees payable Class I		–			–
Accrued expense payable		94			58
Total Liabilities		18,635			4,211
Net Assets	$	2,047,377			$ 1,248,215
^†Cost of investments and repurchase agreements	$	1,461,671			$ 1,081,871
^††Cost of affiliated investments		30,378			16,427
^†††Cost of foreign currency		–			–
* Includes market value of securities on loan		14,527			2,679

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

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

320

SEI Institutional Managed Trust / Annual Report / September 30, 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

$	1,554,320*	$	690,761*	$	3,751,804*	$	834,431*	$	521,753*	$	283,142*	$	319,393*	$	731,073*
	24,457		15,604		70,246		12,777		23,762		21,485		19,869		47,220
	–		5		1,780		5		11		213		–		17
	948		1,199		582		1,140		–		319		–		–
	–		–		127		–		–		–		–		–
	632		482		756		334		179		136		163		189
	–		–		698		1,686		3,089		–		2,506		128
	282		496		4,717		580		461		445		102		727
	71		92		43		87		–		–		–		–
	10		–		63		11		–		–		–		–
	20		16		37		11		7		4		4		11
	1,580,740		708,655		3,830,853		851,062		549,262		305,744		342,037		779,365

	9,027		924		48,584		347		14,414		7,687		14,253		28,354
	586		1,033		1,813		390		548		127		137		318
	358		46		622		88		121		68		75		168
	287		58		691		35		103		51		59		121
	1		–		–		1		–		–		–		–
	6		–		–		–		–		–		–		–
	–		–		356		–		4,275		–		2,536		506
	–		–		–		–		–		7		–		–
	425		12		1,250		14		252		141		143		356
	2		1		5		1		1		–		–		1
	–		–		1		–		–		–		–		–
	–		–		–		1		–		–		–		–
	68		124		162		101		26		16		15		36
	10,760		2,198		53,484		978		19,740		8,097		17,218		29,860
$	1,569,980	$	706,457	$	3,777,369	$	850,084	$	529,522	$	297,647	$	324,819	$	749,505
$	780,356	$	578,623	$	1,765,370	$	273,119	$	461,315	$	292,816	$	275,302	$	514,539
	24,459		15,631		70,247		12,777		23,760		21,481		19,866		47,210
	–		–		129		–		–		–		–		–
	8,910		901		47,399		345		14,063		7,551		13,861		27,598

SEI Institutional Managed Trust / Annual Report / September 30, 2020

321

STATEMENTS OF ASSETS AND LIABILITIES ($ Thousands)

September 30, 2020



	Large Cap Fund		Large Cap Value Fund
Net Assets:
Paid-in capital — (unlimited authorization — no par value)	$	1,462,492	$	1,175,121
Total distributable earnings/(loss)		584,885		73,094
Net Assets	$	2,047,377	$	1,248,215
Net Asset Value, Offering and Redemption Price Per Share — Class F	$	13.95 ($1,944,209,037 ÷ 139,402,817 shares)	$	20.11 ($1,097,338,230 ÷ 54,567,074 shares)
Net Asset Value, Offering and Redemption Price Per Share — Class I		N/A		$20.13 ($2,453,672 ÷ 121,870 shares)
Net Asset Value, Offering and Redemption Price Per Share — Class Y	$	13.95 103,167,690 ÷ ($ 7,393,727 shares)	$	20.11 ($148,423,161 ÷ 7,380,256 shares)

N/A – Not applicable. Share class currently not offered.

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


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

$	668,104		$	601,155	$	1,747,871	$	253,240	$	531,294	$	338,447	$	296,016	$	556,367
	901,876			105,302		2,029,498		596,844		(1,772)		(40,800)		28,803		193,138
$	1,569,980		$	706,457	$	3,777,369	$	850,084	$	529,522	$	297,647	$	324,819	$	749,505
$	45.29		$	11.98	$	27.26	$	75.64	$	10.74	$	17.07	$	32.60	$	19.41
	($ 1,395,858,429 ÷			($706,457,087 ÷		($3,368,576,994 ÷		($844,752,851 ÷		($503,794,534 ÷		($250,718,541 ÷		($290,980,699 ÷		($664,940,718 ÷
	30,819,520 shares)			58,956,829 shares)		123,590,654 shares)		11,167,644 shares)		46,891,803 shares)		14,684,130 shares)		8,925,683 shares)		34,249,984 shares)
$	43.99			N/A		N/A	$	76.11		N/A	$	16.90	$	30.85		N/A
	($ 3,238,849 ÷							($5,331,615 ÷				($1,203,823 ÷		($1,245,639 ÷
	73,619 shares	)						70,052 shares)				71,222 shares)		40,376 shares)
$	45.35			N/A	$	27.27		N/A	$	10.85	$	17.08	$	33.06	$	19.45
	($ 170,882,685 ÷					($408,792,120 ÷				($25,727,472 ÷		($45,724,770 ÷		($32,593,144 ÷		($84,564,486 ÷
	3,768,233 shares)					14,991,177 shares)				2,371,986 shares)		2,676,376 shares)		985,817 shares)		4,348,439 shares)


SEI Institutional Managed Trust / Annual Report / September 30, 2020			323

STATEMENTS OF ASSETS AND LIABILITIES ($ Thousands)

September 30, 2020


	Mid-Cap Fund		U.S. Managed Volatility Fund
Assets:
Investments, at value ^†	$	68,806	$	1,601,803	*
Affiliated investments, at value ^††		1,119		44,760
Repurchase agreements^†		–		–
Cash and cash equivalents		20		18
Restricted cash		–		–
Due from Broker		–		–
Cash pledged as collateral on swap contracts		–		–
Cash pledged as collateral on futures contracts		14		1,272
Foreign currency, at value ^†††		–		266
Receivable for fund shares sold		20		1,128
Receivable for investment securities sold		–		419
Dividends and interest receivable		95		2,523
Unrealized gain on forward foreign currency contracts		–		–
Options purchased, at value ^{†††††}		–		–
Receivable for Variation Margin on Futures Contracts		1		97
Receivable for Variation Margin on Swap Contracts		–		–
Foreign tax reclaim receivable		–		5
Receivable from Affiliate		–		–
Prepaid expenses		1		23
Total Assets		70,076		1,652,314
Liabilities:
Payable for fund shares redeemed		22		1,310
Administration fees payable		17		299
Shareholder servicing fees payable Class F		14		156
Shareholder servicing fees payable Class I		–		–
Payable upon return on securities loaned		–		13,094
Payable for investment securities purchased		–		27
Payable to Affiliate ⁽¹⁾		–		–
Payable to agent bank		–		–
Income distribution payable		–		–
Options written, at value ^{†††††}		–		–
Due to custodian		–		–
Payable for Variation Margin on Swap Contracts		–		–
Payable for Variation Margin on Futures Contracts		–		–
Unrealized loss on foreign currency spot contracts		–		–
Unrealized loss on forward foreign currency contracts		–		–
Investment advisory fees payable		23		525
Trustees fees payable		–		–
Chief Compliance Officer fees payable		–		2
Administration servicing fees payable Class I		–		–
Accrued expense payable		5		76
Unfunded commitments		–		–
Total Liabilities		81		15,489
Net Assets	$	69,995	$	1,636,825
^† Cost of investments and repurchase agreements	$	63,268	$	1,416,901
^†† Cost of affiliated investments		1,119		44,760
^††† Cost of foreign currency		–		259
^{†††††} Cost (premiums received)		–		–
^{††††††} Cost (premiums received)		–		–
* Includes market value of securities on loan		–		12,727

(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


324		SEI Institutional Managed Trust / Annual Report / September 30, 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
$	1,028,060*	$	916,392	*	$	360,482	*	$	89,979	$	4,532,463	*	$	1,421,508	$	256,756
	27,129		18,205			11,066			1,153		192,853			7,811		716
	–		–			–			–		–			–		83,000
	3,348		–			2,214			–		–			98		–
	–		–			–			–		–			5,000		–
	–		–			–			–		3,730			424		–
	–		–			–			–		7,475			102		–
	927		456			192			–		37			–		–
	1,790		558			959			–		1,101			2		–
	3,221		263			511			7		2,743			418		1,198
	–		–			159			3,030		378,463			25,290		–
	2,029		1,088			1,541			246		18,998			20,453		94
	2,269		–			–			–		1,489			–		–
	–		–			–			–		115			–		–
	46		34			–			–		623			–		–
	–		–			–			–		461			–		–
	2,828		2			1,689			–		251			72		–
	–		–			–			–		–			–		–
	16		13			5			2		56			20		4
	1,071,663		937,011			378,818			94,417		5,140,858			1,481,198		341,768
	913		543			230			41		2,650			1,670		393
	235		212			123			23		557			214		29
	186		175			65			15		786			273		24
	–		–			–			–		1			–		–
	11,890		3,411			8,304			–		7,375			1		–
	–		–			1,420			2,603		803,368			29,237		–
	–		–			–			–		–			11,094		–
	–		–			–			–		–			5,000		–
	–		–			–			–		576			720		2
	–		–			–			–		139			–		–
	–		–			–			–		496			–		–
	–		–			–			–		7			–		–
	39		–			21			–		1,711			–		–
	1		–			–			–		–			–		–
	50		–			–			–		2,953			–		–
	471		335			114			43		721			512		16
	–		–			–			–		1			–		–
	1		1			–			–		6			2		–
	–		–			–			–		1			–		–
	68		42			36			7		299			115		18
	–		–			–			–		4			–		–
	13,854		4,719			10,313			2,732		821,651			48,838		482
$	1,057,809	$	932,292		$	368,505		$	91,685	$	4,319,207		$	1,432,360	$	341,286
$	934,505	$	540,994		$	318,556		$	80,082	$	4,386,996		$	1,472,893	$	339,686
	27,129		18,205			11,067			1,153		192,818			7,811		716
	1,784		570			956			–		847			–		–
	–		–			–			–		29			–		–
	–		–			–			–		–			–		–
	11,118		3,389			7,433			–		7,567			–		–


SEI Institutional Managed Trust / Annual Report / September 30, 2020			325

STATEMENTS OF ASSETS AND LIABILITIES ($ Thousands)

September 30, 2020



	Mid-Cap Fund		U.S. Managed Volatility Fund
Net Assets:
Paid-in capital — (unlimited authorization — no par value)	$	70,609	$	1,459,992
Total distributable earnings/(loss)		(614)		176,833
Net Assets	$	69,995	$	1,636,825
Net Asset Value, Offering and Redemption Price Per Share – Class F	$	23.59	$	16.14
		($66,827,780 ÷		($764,607,776 ÷
		2,832,353 shares)		47,377,712 shares)
Net Asset Value, Offering and Redemption Price Per Share –Class I	$	23.55	$	16.13
		($583,734 ÷		($1,282,460 ÷
		24,783 shares)		79,486 shares)
Net Asset Value, Offering and Redemption Price Per Share – Class Y	$	23.61	$	16.15
		($2,583,907 ÷		($870,934,847 ÷
		109,456 shares)		53,940,813 shares)

N/A - Not applicable. Share class currently not offered.

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


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

$	966,875		$	548,645		$	371,412		$	85,877		$	4,034,168		$	1,716,340		$	341,215
	90,934			383,647			(2,907	)		5,808			285,039			(283,980	)		71
$	1,057,809		$	932,292		$	368,505		$	91,685		$	4,319,207		$	1,432,360		$	341,286
$	10.40		$	16.66		$	10.15		$	13.51		$	12.15		$	6.46		$	10.00
	($913,791,503	÷		($856,159,892	÷		($315,250,095	÷		($74,099,007	÷		($3,859,455,253	÷		($1,257,616,692	÷		($319,029,694	÷
	87,859,169 shares	)		51,386,236 shares	)		31,059,627 shares	)		5,485,630 shares	)		317,555,132 shares	)		194,762,705 shares	)		31,897,999 shares	)
$	10.15			N/A			N/A		$	13.48		$	12.14		$	6.22			N/A
	($951,562	÷								($306,646	÷		($4,697,985	÷		($408,782	÷
	93,790 shares	)								22,747 shares	)		387,083 shares	)		65,722 shares	)
$	10.43		$	16.66		$	10.17		$	13.51		$	12.16		$	6.46		$	10.00
	($143,065,581	÷		($76,131,833	÷		($53,254,663	÷		($17,279,531	÷		($455,054,271	÷		($174,334,655	÷		($22,256,542	÷
	13,713,988 shares	)		4,568,410 shares	)		5,238,146 shares	)		1,278,585 shares	)		37,418,359 shares	)		27,000,533 shares	)		2,225,248 shares	)


SEI Institutional Managed Trust / Annual Report / September 30, 2020			327

STATEMENTS OF ASSETS AND LIABILITIES/CONSOLIDATED STATEMENTS OF ASSETS AND LIABILITIES

($ Thousands)

September 30, 2020


	Tax-Free Conservative Income Fund
Assets:
Investments, at value ^†	$	218,326
Affiliated investments, at value ^††		–
Cash and cash equivalents		81
Restricted cash		–
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		151
Receivable for investment securities sold		–
Dividends and interest receivable		198
Unrealized gain on forward foreign currency contracts		–
Unrealized gain on foreign spot currency contracts		–
OTC Swap contracts, at value ^††††		–
Options purchased, at value ^{†††††}		–
Swaptions purchased, at value ^{††††† †}		–
Receivable for Variation Margin on Futures Contracts		–
Receivable for Variation Margin on Swap Contracts		–
Foreign tax reclaim receivable		–
Receivable from Affiliate		–
Prepaid expenses		2
Total Assets		218,758
Liabilities:
Payable for fund shares redeemed		117
Shareholder servicing fees payable Class F		16
Administration fees payable		4
Income distribution payable		1
Payable for securities sold short@		–
Payable for investment securities purchased		–
Payable to agent bank		–
OTC Swap contracts, at value ^††††		–
Options written, at value ^{†††††}		–
Swaptions written, at value ^{††††† †}		–
Due to broker		–
Reverse repurchase agreements		–
Payable for Variation Margin on Swap Contracts		–
Payable for Variation Margin on Futures Contracts		–
Unrealized loss on foreign currency spot contracts		–
Unrealized loss on forward foreign currency contracts		–
Investment advisory fees payable		10
Trustees fees payable		–
Chief Compliance Officer fees payable		–
Accrued expense payable		12
Total Liabilities		160
Net Assets	$	218,598
^† Cost of investments and repurchase agreements	$	218,292
^†† 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.


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

	$ 259,430	$	728,159	$	371,808		$	1,825,628	$	868,182		$	991,985		$	532,964
	394		–		78,712			–		–			–			–
	–		29,902		81,123			685,585		20,766			94,110			154,953
	–		–		863			–		–			–			–
	–		470		972			1,669		–			–			–
	–		3,098		8,206			17,309		9,655			8,654			2,394
	–		270		–			65,087		6,616			6,469			10,128
	–		–		1,270			6,480		–			687			–
	–		–		–			–		33,494			–			–
	–		–		22,195			–		–			–			–
	–		–		2,339			4,503		2,317			69			79,944
	433		163		282			757		739			634			1,628
	–		–		35,627			–		3,717			16			1,237
	256		495		908			1,858		7,989			2,335			452
	–		14		654			5,439		886			713			764
	–		–		9			–		–			–			–
	–		1,342		374			2,852		–			2,880			–
	–		–		810			–		326			1,868			1,543
	–		7,937		–			–		–			285			–
	–		181		8			8,788		385			1,946			534
	–		–		126			–		150			160			6
	–		–		66			295		83			17			–
	–		–		–			11,094		–			–			–
	3		10		6			36		12			13			10
	260,516		772,041		606,358			2,637,380		955,317			1,112,841			786,557

	175		962		490			2,864		835			795			587
	20		151		95			501		64			152			60
	39		163		116			529		171			166			81
	–		–		–			–		315			–			–
	–		–		99,889			–		–			85,066			–
	–		3,589		31,259			2,145		17,598			1,982			1,085
	–		–		863			–		–			–			–
	–		1,454		384			967		76			5,762			–
	–		–		210			–		2,089			442			1,077
	–		–		13			–		–			951			–
	–		–		–			3,862		–			261			1,420
	–		–		–			–		–			234,551			–
	–		–		134			473		39			66			27
	–		–		9			8,857		600			850			603
	–		–		–			–		–			4			–
	–		26		637			5,153		844			323			624
	28		119		291			1,387		326			214			231
	–		–		–			1		–			–			–
	–		1		1			3		1			1			1
	10		44		35			109		88			120			29
	272		6,509		134,426			26,851		23,046			331,706			5,825
	$ 260,244	$	765,532	$	471,932		$	2,610,529	$	932,271		$	781,135		$	780,732
	$ 249,326	$	438,681	$	358,616		$	1,754,753	$	833,812		$	945,527		$	518,551
	394		–		78,712			–		–			–			–
	–		–		2,291			4,494		2,356			69			79,915
	–		–		–			–		4			10			–
	–		–		480			–		(3,097	)		1,173			410
	–		5,945		(10	)		–		–			(972	)		–
	–		–		(96,122	)		–		–			(66,979	)		–


SEI Institutional Managed Trust / Annual Report / September 30, 2020			329

STATEMENTS OF ASSETS AND LIABILITIES/CONSOLIDATED STATEMENTS OF ASSETS AND LIABILITIES ($ Thousands)

September 30, 2020


	Tax-Free Conservative Income Fund
Net Assets:
Paid-in capital — (unlimited authorization — no par value)		$ 218,582
Total distributable earnings/(loss)		16
Net Assets		$ 218,598
Net Asset Value, Offering and Redemption Price Per Share — Class F		$ 10.00
		($212,827,762	÷
		21,282,319 shares	)
Net Asset Value, Offering and Redemption Price Per Share — Class Y		$ 10.00
		($5,770,684	÷
		576,855 shares	)

N/A - Not applicable. Share class currently not offered.

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


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

	$ 255,001		$	456,265		$	469,992		$	2,768,468		$	917,373		$	967,150		$	764,469
	5,243			309,267			1,940			(157,939	)		14,898			(186,015)			16,263
	$ 260,244		$	765,532		$	471,932		$	2,610,529		$	932,271		$	781,135		$	780,732
	$ 10.40		$	14.98		$	9.98		$	9.55		$	10.85		$	7.88		$	10.28
	($238,849,057	÷		($723,775,107	÷		($463,468,446	÷		($2,420,059,686	÷		($770,598,866	÷		($735,962,272	÷		($732,425,153	÷
	22,976,039 shares)			48,323,920 shares	)		46,445,423 shares	)		253,312,516 shares	)		71,019,964 shares	)		93,377,379 shares	)		71,263,880 shares	)
	$ 10.44		$	15.01		$	9.98		$	9.62		$	10.85		$	7.89		$	10.30
	($21,394,882	÷		($41,756,617	÷		($8,463,945	÷		($190,469,008	÷		($161,672,563	÷		($45,172,479	÷		($48,307,210	÷
	2,049,288 shares)			2,782,575 shares	)		847,720 shares	)		19,791,967 shares	)		14,900,956 shares	)		5,723,139 shares	)		4,690,703 shares	)


SEI Institutional Managed Trust / Annual Report / September 30, 2020			331

STATEMENTS OF OPERATIONS ($ Thousands)

For the year ended September 30, 2020



	Large Cap Fund			Large Cap Value Fund			Large Cap Growth Fund
Investment Income:
Dividends	$	44,066		$	38,558		$	14,989
Income from affiliated investments⁽¹⁾		140			117			108
Interest income		4			3			3
Security lending income - net⁽¹⁾⁽²⁾		286			132			92
Less: foreign taxes withheld		(319	)		(548	)		(36	)
Total Investment Income		44,177			38,262			15,156
Expenses:
Investment advisory fees		8,380			4,407			6,042
Administration fees		6,073			3,778			4,511
Shareholder servicing fees Class F		5,078			2,779			3,357
Shareholder servicing fees Class I		–			7			7
Trustees’ fees		45			26			31
Chief compliance officer fees		14			8			10
Administration servicing fees Class I		–			7			7
Printing fees		266			157			185
Professional fees		111			66			80
Custodian/Wire agent fees		111			65			78
Registration fees		80			49			51
Pricing fees		37			22			24
Other expenses		42			25			29
Total Expenses		20,237			11,396			14,412
Less:
Waiver of investment advisory fees		(591	)		(301	)		(1,110	)
Waiver of shareholder servicing fees Class F		(41	)		(22	)		(27	)
Waiver of shareholder servicing fees Class I		–			(1	)		(1	)
Waiver of administration fees		(730	)		(195	)		(205	)
Net Expenses		18,875			10,877			13,069
Net Investment Income (Loss)		25,302			27,385			2,087
Net Realized Gain (Loss) on:
Investments		27,454			(71,600	)		130,827
Affiliated investments		5			3			10
Futures contracts		1,962			1,999			1,326
Net Change in Unrealized Appreciation (Depreciation) on:
Investments		96,831			(80,390	)		304,872
Affiliated investments		(1	)		(4	)		(4	)
Futures contracts		180			50			314
Foreign currency translation of other assets and liabilities denominated in foreign currencies		–			–			–
Contribution from Adviser⁽¹⁾		–			–			–
Net Increase (Decrease) in Net Assets Resulting from Operations	$	151,733		$	(122,557	)	$	439,432

(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.


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

$	10,152	$	79,783		$	15,610		$	6,858		$	5,826		$	1,922		$	10,230
	160		161			100			87			92			50			121
	5		2			3			2			–			–			–
	14		765			13			241			109			302			213
	–		(847	)		(12	)		(20	)		(10	)		(6	)		(25	)
	10,331		79,864			15,714			7,168			6,017			2,268			10,539

	292		15,351			250			3,569			1,914			2,046			5,161
	1,751		8,657			1,832			1,647			883			944			2,382
	1,460		8,544			2,070			1,299			625			704			1,759
	–		–			12			–			4			3			–
	12		80			17			11			6			6			17
	4		30			5			3			2			2			5
	–		–			12			–			4			3			–
	73		475			103			68			37			39			99
	33		198			44			29			16			17			41
	32		199			44			28			15			16			40
	10		144			29			21			11			12			51
	16		60			16			14			8			9			17
	57		74			77			11			5			6			16
	3,740		33,812			4,511			6,700			3,530			3,807			9,588

	(175)		–			(83	)		(413	)		(230	)		(342	)		(610	)
	(876)		(68	)		(1,656	)		(10	)		(5	)		(6	)		(211	)
	–		–			(2	)		–			–			–			–
	(1,217)		(559	)		(650	)		(79	)		(36	)		(36	)		(134	)
	1,472		33,185			2,120			6,198			3,259			3,423			8,633
	8,859		46,679			13,594			970			2,758			(1,155	)		1,906

	(5,735)		59,803			43,306			(35,925	)		(19,827	)		(5,984	)		(22,109	)
	(5)		–			3			1			–			1			(2	)
	(1,579)		(1,220	)		2,194			1,863			274			(5	)		(5	)

	86,217		149,594			49,272			18,546			(31,860	)		23,326			(34,973	)
	(18)		(4	)		–			3			2			3			11
	243		167			164			–			105			64			–
	–		(3	)		–			–			–			–			–
	–		–			221			–			–			–			–
	$ 87,982	$	255,016		$	108,754		$	(14,542	)	$	(48,548	)	$	16,250		$	(55,172	)


SEI Institutional Managed Trust / Annual Report / September 30, 2020			333

STATEMENTS OF OPERATIONS ($ Thousands)

For the year ended September 30, 2020


	Mid-Cap Fund				U.S. Managed Volatility Fund				Global Managed Volatility Fund
Investment Income:
Dividends		$	1,856			$	42,186			$	28,232
Income from affiliated investments(1)			19				322				112
Interest income			–				6				34
Security lending income - net⁽¹⁾(2)			–				48				58
Less: foreign taxes withheld			(1	)			(402	)			(2,399	)
Total Investment Income			1,874				42,160				26,037
Expenses:
Investment advisory fees			349				11,196				7,563
Administration fees			262				5,065				3,491
Shareholder servicing fees Class F			211				2,068				2,423
Shareholder servicing fees Class I			2				3				2
Trustees’ fees			2				36				25
Administration servicing fees Class I			2				3				2
Chief compliance officer fees			1				11				7
Printing fees			11				212				141
Professional fees			4				87				58
Registration fees			4				61				45
Custodian/Wire agent fees			4				90				182
Pricing fees			3				30				35
Interest expense			–				–				–
Other expenses			–				33				25
Total Expenses			855				18,895				13,999
Less:
Waiver of investment advisory fees			–				(4,489	)			(1,257	)
Waiver of shareholder servicing fees Class F			(2	)			(17	)			(19	)
Waiver of shareholder servicing fees Class I			–				–				–
Waiver of administration fees			(2	)			(1,083	)			(261	)
Fees paid indirectly			–				–				–
Net Expenses			851				13,306				12,462
Net Investment Income			1,023				28,854				13,575
Net Realized Gain (Loss) on:
Investments			(5,911	)			(1,225	)			6,974
Affiliated investments			–				–				3
Futures contracts			(246	)			4,461				(535	)
Foreign currency translation			–				(112	)			368
Forward foreign currency contracts			–				–				(6,127	)
Purchased and written options			–				–				–
Purchased and written swaptions			–				–				–
Swap contracts			–				–				–
Net Change in Unrealized Appreciation (Depreciation) on:
Investments			(1,706	)			(121,946	)			(79,623	)
Affiliated investments			–				–				–
Futures contracts			5				393				42
Purchased and written options			–				–				–
Swap contracts			–				–				–
Foreign currency translation of other assets and liabilities denominated in foreign currencies			–				(8	)			270
Forward foreign currency contracts			–				–				80
Net Increase (Decrease) in Net Assets Resulting from Operations		$	(6,835	)		$	(89,583	)		$	(64,973	)

(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.


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

	$ 24,977	$	12,568		$	2,372		$	2		$	1,433		$	–		$	–
	161		56			22			968			493			–			–
	3		8			–			111,474			96,277			3,510			1,750
	1		23			–			236			–			–			–
	(187)		(1,612	)		–			(488	)		(1	)		–			–
	24,955		11,043			2,394			112,192			98,202			3,510			1,750

	6,528		2,409			726			11,699			7,454			292			189
	3,013		1,668			335			6,706			3,043			583			378
	2,305		803			212			9,511			3,372			673			450
	–		–			1			12			13			–			–
	21		8			2			89			32			6			4
	–		–			1			12			13			–			–
	6		2			1			29			10			2			1
	123		45			13			515			188			35			23
	50		19			5			221			79			16			10
	37		13			5			141			55			9			6
	53		100			6			231			79			17			10
	17		26			3			573			222			15			15
	–		–			–			–			8			–			–
	19		7			2			80			30			5			4
	12,172		5,100			1,312			29,819			14,598			1,653			1,090

	(2,147)		(1,020	)		(84	)		(2,676	)		(1,167	)		(117	)		(76	)
	(18)		(6	)		(2	)		(76	)		(27	)		(404	)		(270	)
	–		–			–			(1	)		(2	)		–			–
	(148)		(76	)		–			–			(180	)		(275	)		(193	)
	–		–			(16	)		–			–			–			–
	9,859		3,998			1,210			27,066			13,222			857			551
	15,096		7,045			1,184			85,126			84,980			2,653			1,199

	11,892		(22,521	)		305			172,621			(26,412	)		–			2
	–		(1	)		–			50			–			–			–
	303		(121	)		–			61,340			–			–			–
	70		195			–			33			–			–			–
	–		–			–			(4,311	)		–			–			–
	–		–			–			(7	)		–			–			–
	–		–			–			430			–			–			–
	–		–			–			(35,786	)		(760	)		–			–

	(56,863)		4,180			(21,515	)		26,337			(55,180	)		9			30
	–		(1	)		–			28			–			–			–
	118		(108	)		–			(4,316	)		–			–			–
	–		–			–			(253	)		–			–			–
	–		–			–			14,848			87			–			–
	(6)		124			–			293			(4	)		–			–
	–		–			–			(1,030	)		–			–			–
	$ (29,390)	$	(11,208	)	$	(20,026	)	$	315,403		$	2,711		$	2,662		$	1,231


SEI Institutional Managed Trust / Annual Report / September 30, 2020			335

STATEMENTS OF OPERATIONS/CONSOLIDATED STATEMENTS OF OPERATIONS ($ Thousands)

For the year ended September 30, 2020


	Real Return Fund			Dynamic Asset Allocation Fund
Investment Income:
Dividends	$	–		$	13,647
Income from affiliated investments⁽¹⁾		11			–
Interest income		3,015			58
Less: foreign taxes withheld		–			(138	)
Total Investment Income		3,026			13,567
Expenses:
Shareholder servicing fees Class F		584			1,797
Investment advisory fees		566			4,605
Administration fees		514			2,302
Trustees’ fees		5			16
Chief compliance officer fees		2			5
Printing fees		31			94
Custodian/Wire agent fees		14			40
Professional fees		13			43
Registration fees		9			29
Pricing fees		4			16
Dividend expense on securities sold short		–			–
Interest expense		–			–
Other expenses		5			17
Total Expenses		1,747			8,964
Less:
Waiver of investment advisory fees		(231	)		(3,175	)
Waiver of shareholder servicing fees Class F		(351	)		–
Waiver of administration fees		(27	)		(136	)
Net Expenses		1,138			5,653
Net Investment Income (Loss)		1,888			7,914
Net Realized Gain (Loss) on:
Investments		411			35,558
Securities sold short		–			–
Futures contracts		–			1,254
Foreign currency translation		–			101
Forward foreign currency contracts		–			2,610
Purchased and written options		–			(1,677	)
Purchased and written swaptions		–			–
Swap contracts		–			12,866
Capital gains on Investments		–			–
Net Change in Unrealized Appreciation (Depreciation) on:
Investments		10,202			46,970
Securities sold short		–			–
Futures contracts		–			423
Purchased and written options		–			–
Purchased and written swaptions		–			2,256
Swap contracts		–			(112	)
Foreign currency translation of other assets and liabilities denominated in foreign currencies		–			–
Forward foreign currency contracts		–			(4,758	)
Net Increase (Decrease) in Net Assets Resulting from Operations	$	12,501		$	103,405

(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.


336		SEI Institutional Managed Trust / Annual Report / September 30, 2020


Multi-Strategy Alternative Fund		Multi-Asset Accumulation Fund			Multi-Asset Income Fund			Multi-Asset Inflation Managed Fund			Multi-Asset Capital Stability Fund

	$ 3,778	$	4,444		$	910			$ 6,272			$ 881
	1,119		–			–			–			–
	7,153		20,956			42,082			17,309			6,658
	–		(226	)		(178	)		(1,923	)		–
	12,050		25,174			42,814			21,658			7,539

	1,156		6,321			1,981			1,921			1,774
	7,067		20,495			5,720			4,501			3,029
	1,413		7,210			2,860			2,455			2,272
	10		58			20			17			16
	3		17			6			5			5
	57		331			117			100			92
	25		109			50			48			36
	25		143			49			45			40
	17		97			33			30			25
	68		106			224			88			19
	1,863		–			–			1,887			–
	235		–			–			2,003			–
	9		54			23			22			26
	11,948		34,941			11,083			13,121			7,334

	(3,389)		(3,003	)		(1,720	)		(1,784	)		(303	)
	(9)		–			(1,188	)		–			(1,064	)
	(476)		(416	)		(685	)		(184	)		(1,295	)
	8,074		31,522			7,490			11,153			4,672
	3,976		(6,348	)		35,324			10,505			2,867

	18,583		(6,546	)		(6,622	)		6,144			3,533
	(8,246)		–			–			(23,022	)		–
	(116)		8,585			20,132			(17,550	)		1,752
	(855)		(11,559	)		(1,592	)		(1,408	)		564
	639		(20,359	)		(2,387	)		1,039			235
	288		–			(24,868	)		(443	)		(165	)
	26		–			(123	)		(94	)		–
	74		23,753			(11,078	)		(3,302	)		151
	600		–			–			–			–

	8,875		17,420			(928	)		8,776			10,321
	(2,606)		–			–			(6,756	)		–
	(13)		41,058			1,044			789			887
	233		–			(61	)		381			(81	)
	14		–			–			306			90
	270		(1,485	)		4,549			(5,736	)		(5	)
	163		96			95			15			(20	)
	(42)		(7,828	)		(615	)		463			(450	)
	$ 21,863	$	36,787		$	12,870			$ (29,893	)		$ 19,679


SEI Institutional Managed Trust / Annual Report / September 30, 2020			337

STATEMENTS OF CHANGES IN NET ASSETS ($ Thousands)

For the years ended September 30,


	Large Cap Fund						Large Cap Value Fund						Large Cap Growth Fund
	2020			2019			2020			2019			2020			2019
Operations:
Net investment income	$	25,302		$	32,380		$	27,385		$	29,250		$	2,087		$	5,610
Net realized gain (loss) from investments, securities sold short, futures contracts, forward foreign currency contracts, options, swaptions and swap contracts		29,421			148,452			(69,598	)		24,486			132,163			85,495
Net change in unrealized appreciation (depreciation) on investments, securities sold short, futures contracts, forward foreign currency contracts, options, swaptions and swap contracts		97,010			(163,223	)		(80,344	)		(69,325	)		305,182			(59,618	)
Net change in unrealized depreciation on foreign currency transactions		–			–			–			–			–			–
Contribution from Adviser⁽¹⁾		–			–			–			–			–			–
Net Increase (Decrease) in Net Assets Resulting from Operations		151,733			17,609			(122,557	)		(15,589	)		439,432			31,487
Distributions:
Class F:		(158,501	)		(295,855	)		(45,392	)		(125,494	)		(76,682	)		(159,034	)
Class I:		N/A			N/A			(104	)		(416	)		(159	)		(409	)
Class Y:		(9,625	)		(16,757	)		(6,239	)		(14,445	)		(9,790	)		(16,121	)
Return of Capital:
Class F		–			–			–			–			–			–
Class Y		–			–			–			–			–			–
Total Distributions		(168,126	)		(312,612	)		(51,735	)		(140,355	)		(86,631	)		(175,564	)
Capital Share Transactions:⁽²⁾
Class F:
Proceeds from shares issued		255,737			309,655			258,992			179,691			208,478			201,096
Reinvestment of dividends & distributions		147,271			275,753			42,535			117,869			71,751			149,836
Cost of shares redeemed		(602,760	)		(585,006	)		(241,351	)		(251,243	)		(511,913	)		(320,107	)
Net increase (decrease) from Class F transactions		(199,752	)		402			60,176			46,317			(231,684	)		30,825
Class I:
Proceeds from shares issued		N/A			N/A			577			474			566			251
Reinvestment of dividends & distributions		N/A			N/A			87			352			124			328
Cost of shares redeemed		N/A			N/A			(872	)		(1,713	)		(741	)		(1,440	)
Net decrease from Class I transactions		N/A			N/A			(208	)		(887	)		(51	)		(861	)
Class Y:
Proceeds from shares issued		29,697			34,843			35,301			32,803			21,651			32,757
Reinvestment of dividends & distributions		9,360			16,435			5,806			13,345			9,124			14,845
Cost of shares redeemed		(66,154	)		(42,514	)		(23,082	)		(22,818	)		(55,926	)		(18,760	)
Net increase (decrease) from Class Y transactions		(27,097	)		8,764			18,025			23,330			(25,151	)		28,842
Increase (Decrease) in Net Assets Derived from Capital Share Transactions		(226,849	)		9,166			77,993			68,760			(256,886	)		58,806
Net Increase (Decrease) in Net Assets		(243,242	)		(285,837	)		(96,299	)		(87,184	)		95,915			(85,271	)
Net Assets
Beginning of year		2,290,619			2,576,456			1,344,514			1,431,698			1,474,065			1,559,336
End of year	$	2,047,377		$	2,290,619		$	1,248,215		$	1,344,514		$	1,569,980		$	1,474,065

(1)	See Note 6 in Notes to Financial Statements for additional information.

(2)	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.


338		SEI Institutional Managed Trust / Annual Report / September 30, 2020


Large Cap Index Fund					Tax-Managed Large Cap Fund							S&P 500 Index Fund							Small Cap Fund
	2020		2019				2020			2019				2020			2019				2020			2019

	$ 8,859	$	5,721			$	46,679		$	47,598			$	13,594		$	15,638			$	970		$	775
	(7,319)		(608	)			58,583			295,617				45,503			24,706				(34,061	)		(22,810	)
	86,442		13,938				149,757			(295,788	)			49,436			(14,610	)			18,549			(56,476	)
	—		—				(3	)		(3	)			—			—				—			—
	—		—				—			—				221			—				—			—
	87,982		19,051				255,016			47,424				108,754			25,734				(14,542	)		(78,511	)

	(9,299)		(5,451	)			(305,586	)		(64,986	)			(38,922	)		(31,490	)			(1,000	)		(74,808	)
	N/A		N/A				N/A			N/A				(204	)		(192	)			N/A			N/A
	N/A		N/A				(39,347	)		(8,049	)			N/A			N/A				(132	)		(4,030	)
	—		—				—			—				—			—				(31	)		—
	—		—				—			—				—			—				(4	)		—
	(9,299)		(5,451	)			(344,933	)		(73,035	)			(39,126	)		(31,682	)			(1,167	)		(78,838	)

	395,051		268,892				329,873			342,200				234,977			135,414				90,876			98,992
	8,893		5,298				269,671			58,238				35,284			28,773				959			70,168
	(231,827)		(66,004	)			(700,148	)		(599,967	)			(321,680	)		(236,134	)			(127,496	)		(155,413	)
	172,117		208,186				(100,604	)		(199,529	)			(51,419	)		(71,947	)			(35,661	)		13,747

	N/A		N/A				N/A			N/A				1,642			1,344				N/A			N/A
	N/A		N/A				N/A			N/A				152			141				N/A			N/A
	N/A		N/A				N/A			N/A				(2,187	)		(2,513	)			N/A			N/A
	N/A		N/A				N/A			N/A				(393	)		(1,028	)			N/A			N/A

	N/A		N/A				57,471			117,948				N/A			N/A				10,275			10,596
	N/A		N/A				36,243			7,424				N/A			N/A				132			3,920
	N/A		N/A				(116,964	)		(54,771	)			N/A			N/A				(16,903	)		(10,349	)
	N/A		N/A				(23,250	)		70,601				N/A			N/A				(6,496	)		4,167
	172,117		208,186				(123,854	)		(128,928	)			(51,812	)		(72,975	)			(42,157	)		17,914
	250,800		221,786				(213,771	)		(154,539	)			17,816			(78,923	)			(57,866	)		(139,435	)

	455,657		233,871				3,991,140			4,145,679				832,268			911,191				587,388			726,823
	$ 706,457	$	455,657			$	3,777,369		$	3,991,140			$	850,084		$	832,268			$	529,522		$	587,388


SEI Institutional Managed Trust / Annual Report / September 30, 2020			339

STATEMENTS OF CHANGES IN NET ASSETS ($ Thousands)

For the years ended September 30,



	Small Cap Value Fund						Small Cap Growth Fund						Tax-Managed Small/Mid Cap Fund
	2020			2019			2020			2019			2020			2019
Operations:
Net investment income (loss)	$	2,758		$	4,290		$	(1,155)		$	(1,055)		$	1,906		$	4,909
Net realized gain (loss) from investments, securities sold short, futures contracts, forward foreign currency contracts, options, swaptions and swap contracts		(19,553	)		(8,053	)		(5,988	)		9,239			(22,116	)		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		(31,753	)		(33,235	)		23,393			(67,363	)		(34,962	)		(113,986	)
Net change in unrealized appreciation (depreciation) on foreign currency transactions		—			—			—			—			—			—
Net Increase (Decrease) in Net Assets Resulting from Operations		(48,548	)		(36,998	)		16,250			(59,179	)		(55,172	)		(85,798	)
Distributions:
Class F:		(3,137	)		(29,995	)		(10,166	)		(41,646	)		(18,990	)		(63,835	)
Class I:		(16	)		(212	)		(51	)		(251	)		N/A			N/A
Class Y:		(627	)		(4,029	)		(1,146	)		(3,853	)		(2,600	)		(6,755	)
Total Distributions		(3,780	)		(34,236	)		(11,363	)		(45,750	)		(21,590	)		(70,590	)
Capital Share Transactions:⁽¹⁾
Class F:
Proceeds from shares issued		71,807			54,837			47,465			55,306			100,445			102,250
Reinvestment of dividends & distributions		2,903			27,807			9,353			38,613			16,582			56,476
Cost of shares redeemed		(53,427	)		(81,438	)		(64,054	)		(90,200	)		(155,596	)		(151,575	)
Net increase (decrease) from Class F transactions		21,283			1,206			(7,236	)		3,719			(38,569	)		7,151
Class I:
Proceeds from shares issued		523			259			228			233			N/A			N/A
Reinvestment of dividends & distributions		15			193			45			222			N/A			N/A
Cost of shares redeemed		(786	)		(671	)		(453	)		(638	)		N/A			N/A
Net increase (decrease) from Class I transactions		(248	)		(219	)		(180	)		(183	)		N/A			N/A
Class Y:
Proceeds from shares issued		21,832			11,726			4,087			7,975			21,632			28,800
Reinvestment of dividends & distributions		573			3,600			1,059			3,500			2,395			6,186
Cost of shares redeemed		(14,083	)		(4,597	)		(6,360	)		(3,780	)		(29,000	)		(12,313	)
Net increase (decrease) from Class Y transactions		8,322			10,729			(1,214	)		7,695			(4,973	)		22,673
Increase (Decrease) in Net Assets Derived from Capital Share Transactions		29,357			11,716			(8,630	)		11,231			(43,542	)		29,824
Net Increase (Decrease) in Net Assets		(22,971	)		(59,518	)		(3,743	)		(93,698	)		(120,304	)		(126,564	)
Net Assets
Beginning of year		320,618			380,136			328,562			422,260			869,809			996,373
End of year	$	297,647		$	320,618		$	324,819		$	328,562		$	749,505		$	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.


340		SEI Institutional Managed Trust / Annual Report / September 30, 2020


Mid-Cap Fund						U.S. Managed Volatility Fund						Global Managed Volatility Fund						Tax-Managed Managed Volatility Fund						Tax-Managed International Managed Volatility Fund
2020			2019			2020			2019			2020			2019			2020			2019			2020			2019

$	1,023		$	984		$	28,854		$	34,242		$	13,575		$	21,326		$	15,096		$	17,609		$	7,045		$	9,372


	(6,157	)		1,422			3,236			52,998			315			60,097			12,195			21,499			(22,643	)		(14,157	)
	—			—			(112	)		14			368			(223	)		70			12			195			(168	)


	(1,701	)		(8,125	)		(121,553	)		55,270			(79,501	)		(26,809	)		(56,745	)		32,891			4,071			(5,531	)

	—			—			(8	)		12			270			(134	)		(6	)		(1	)		124			(53	)
	(6,835	)		(5,719	)		(89,583	)		142,536			(64,973	)		54,257			(29,390	)		72,010			(11,208	)		(10,537	)

	(2,451	)		(12,623	)		(41,118	)		(105,056	)		(55,847	)		(101,358	)		(38,400	)		(44,612	)		(9,743	)		(8,199	)
	(16	)		(87	)		(61	)		(135	)		(55	)		(108	)		N/A			N/A			N/A			N/A
	(73	)		(311	)		(45,813	)		(81,972	)		(13,197	)		(20,528	)		(3,643	)		(3,717	)		(1,383	)		(723	)
	(2,540	)		(13,021	)		(86,992	)		(187,163	)		(69,099	)		(121,994	)		(42,043	)		(48,329	)		(11,126	)		(8,922	)


	26,083			24,664			187,528			183,689			215,299			211,241			145,802			158,385			91,287			88,055
	1,995			10,607			35,925			92,447			48,789			89,285			33,071			38,922			8,442			7,132
	(54,382	)		(46,408	)		(287,534	)		(258,088	)		(305,585	)		(368,666	)		(261,670	)		(244,162	)		(95,568	)		(99,655	)
	(26,304	)		(11,137	)		(64,081	)		18,048			(41,497	)		(68,140	)		(82,797	)		(46,855	)		4,161			(4,468	)

	54			68			78			99			35			52			N/A			N/A			N/A			N/A
	16			87			61			136			55			107			N/A			N/A			N/A			N/A
	(148	)		(145	)		(73	)		(37	)		(100	)		(262	)		N/A			N/A			N/A			N/A
	(78	)		10			66			198			(10	)		(103	)		N/A			N/A			N/A			N/A

	1,405			820			359,723			345,664			63,543			58,645			17,661			26,597			38,026			25,853
	70			303			43,974			79,025			12,675			19,814			3,115			3,186			1,164			656
	(1,323	)		(1,079	)		(364,414	)		(177,991	)		(124,771	)		(79,807	)		(26,773	)		(23,512	)		(27,290	)		(8,693	)
	152			44			39,283			246,698			(48,553	)		(1,348	)		(5,997	)		6,271			11,900			17,816
	(26,230	)		(11,083	)		(24,732	)		264,944			(90,060	)		(69,591	)		(88,794	)		(40,584	)		16,061			13,348
	(35,605	)		(29,823	)		(201,307	)		220,317			(224,132	)		(137,328	)		(160,227	)		(16,903	)		(6,273	)		(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
$	69,995		$	105,600		$	1,636,825		$	1,838,132		$	1,057,809		$	1,281,941		$	932,292		$	1,092,519		$	368,505		$	374,778


SEI Institutional Managed Trust / Annual Report / September 30, 2020			341

STATEMENTS OF CHANGES IN NET ASSETS/CONSOLIDATED STATEMENTS OF CHANGES IN NET ASSETS ($ Thousands)

For the years ended September 30,


	Real Estate Fund						Core Fixed Income Fund						High Yield Bond Fund
	2020			2019			2020			2019			2020			2019
Operations:
Net investment income	$	1,184		$	2,027		$	85,126		$	112,715		$	84,980		$	90,754
Net realized gain (loss) from investments, securities sold short, futures contracts, forward foreign currency contracts, options, swaptions and swap contracts		305			6,143			194,337			113,650			(27,172	)		(26,555	)
Net realized gain (loss) on foreign currency transactions		—			—			33			89			—			(19	)
Net change in unrealized appreciation (depreciation) on investments, securities sold short, futures contracts, forward foreign currency contracts, options, swaptions and swap contracts		(21,515	)		13,728			35,614			174,981			(55,093	)		668
Net change in unrealized appreciation (depreciation) on foreign currency transactions		—			—			293			(133	)		(4	)		4
Net Increase (Decrease) in Net Assets Resulting from Operations		(20,026	)		21,898			315,403			401,302			2,711			64,852
Distributions:
Class F:		(8,039	)		(7,988	)		(124,229	)		(105,441	)		(86,586	)		(101,351	)
Class I:		(33	)		(38	)		(152	)		(140	)		(341	)		(947	)
Class Y:		(2,999	)		(3,036	)		(15,467	)		(13,099	)		(11,678	)		(12,864	)
Total Distributions		(11,071	)		(11,062	)		(139,848	)		(118,680	)		(98,605	)		(115,162	)
Capital Share Transactions:⁽¹⁾
Class F:
Proceeds from shares issued		16,604			18,959			769,935			645,579			358,748			382,850
Reinvestment of dividends & distributions		7,213			7,205			113,156			96,013			76,665			91,087
Cost of shares redeemed		(32,671	)		(24,304	)		(935,584	)		(839,862	)		(538,608	)		(469,186	)
Net increase (decrease) from Class F transactions		(8,854	)		1,860			(52,493	)		(98,270	)		(103,195	)		4,751
Class I:
Proceeds from shares issued		11			15			530			2,911			90			39,520
Reinvestment of dividends & distributions		34			38			108			90			25			34
Cost of shares redeemed		(60	)		(119	)		(1,212	)		(4,494	)		(11,413	)		(27,621	)
Net increase (decrease) from Class I transactions		(15	)		(66	)		(574	)		(1,493	)		(11,298	)		11,933
Class Y:
Proceeds from shares issued		5,967			3,410			105,560			93,300			52,287			38,845
Reinvestment of dividends & distributions		2,883			2,928			14,711			12,493			11,206			12,435
Cost of shares redeemed		(19,091	)		(8,443	)		(123,452	)		(88,723	)		(62,620	)		(38,405	)
Net increase (decrease) from Class Y transactions		(10,241	)		(2,105	)		(3,181	)		17,070			873			12,875
Increase (Decrease) in Net Assets Derived from Capital Share Transactions		(19,110	)		(311	)		(56,248	)		(82,693	)		(113,620	)		29,559
Net Increase (Decrease) in Net Assets		(50,207	)		10,525			119,307			199,929			(209,514	)		(20,751	)
Net Assets
Beginning of year		141,892			131,367			4,199,900			3,999,971			1,641,874			1,662,625
End of year	$	91,685		$	141,892		$	4,319,207		$	4,199,900		$	1,432,360		$	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.


342		SEI Institutional Managed Trust / Annual Report / September 30, 2020


Conservative Income Fund						Tax-Free Conservative Income Fund						Real Return Fund						Dynamic Asset Allocation Fund
2020			2019			2020			2019			2020			2019			2020			2019

$	2,653		$	6,007		$	1,199		$	2,440		$	1,888		$	4,006		$	7,914		$	10,693


	—			3			2			(15	)		411			(963	)		50,611			(1,732	)
	—			—			—			—			—			—			101			133


	9			52			30			9			10,202			4,672			44,779			4,712

	—			—			—			—			—			—			—			—
	2,662			6,062			1,231			2,434			12,501			7,715			103,405			13,806

	(2,402	)		(5,429	)		(1,127	)		(2,180	)		(1,237	)		(5,929	)		(12,413	)		(13,354	)
	N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A
	(233	)		(600	)		(79	)		(265	)		(142	)		(498	)		(929	)		(1,480	)
	(2,635	)		(6,029	)		(1,206	)		(2,445	)		(1,379	)		(6,427	)		(13,342	)		(14,834	)


	285,508			206,921			130,240			60,601			70,584			49,003			103,949			111,407
	1,803			3,877			886			1,729			1,015			4,848			11,598			12,489
	(197,477	)		(191,485	)		(80,689	)		(62,291	)		(70,315	)		(66,483	)		(201,652	)		(196,738	)
	89,834			19,313			50,437			39			1,284			(12,632	)		(86,105	)		(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

	15,773			12,925			1,033			24,766			8,386			12,434			9,584			14,041
	221			572			77			263			134			483			911			1,468
	(16,860	)		(17,872	)		(12,069	)		(19,426	)		(12,417	)		(5,418	)		(45,256	)		(23,620	)
	(866	)		(4,375	)		(10,959	)		5,603			(3,897	)		7,499			(34,761	)		(8,111	)
	88,968			14,938			39,478			5,642			(2,613	)		(5,133	)		(120,866	)		(80,953	)
	88,995			14,971			39,503			5,631			8,509			(3,845	)		(30,803	)		(81,981	)

	252,291			237,320			179,095			173,464			251,735			255,580			796,335			878,316
$	341,286		$	252,291		$	218,598		$	179,095		$	260,244		$	251,735		$	765,532		$	796,335


SEI Institutional Managed Trust / Annual Report / September 30, 2020			343

STATEMENTS OF CHANGES IN NET ASSETS/CONSOLIDATED STATEMENTS OF CHANGES IN NET ASSETS ($ Thousands)

For the years ended September 30,


	Multi-Strategy Alternative Fund						Multi-Asset Accumulation Fund						Multi-Asset Income Fund
	2020			2019			2020			2019			2020			2019
Operations:
Net investment income (loss)	$	3,976		$	5,974		$	(6,348	)	$	21,969		$	35,324		$	39,713
Net realized gain (loss) from investments, securities sold short, futures contracts, forward foreign currency contracts, options, swaptions and swap contracts		11,248			(13,928	)		5,433			301,569			(24,946	)		15,982
Net realized gain (loss) on foreign currency transactions		(855	)		(733	)		(11,559	)		(3,420	)		(1,592	)		(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		6,731			4,876			49,165			(5,582	)		3,989			19,743
Net change in unrealized appreciation (depreciation) on foreign currency transactions		163			(49	)		96			52			95			(48	)
Net Increase (Decrease) in Net Assets Resulting from Operations		21,863			(1,592	)		36,787			314,588			12,870			74,801
Distributions:
Class F:		(4,719	)		(22,445	)		(310,159	)		(77,746	)		(30,727	)		(29,533	)
Class Y:		(112	)		(259	)		(25,800	)		(6,828	)		(6,369	)		(6,182	)
Total Distributions		(4,831	)		(22,704	)		(335,959	)		(84,574	)		(37,096	)		(35,715	)
Capital Share Transactions:⁽¹⁾
Class F:
Proceeds from shares issued		76,936			79,490			363,378			361,262			180,731			148,293
Reinvestment of dividends & distributions		4,272			20,412			285,126			71,475			26,371			25,251
Cost of shares redeemed		(106,599	)		(113,170	)		(610,752	)		(639,447	)		(231,680	)		(205,060	)
Net increase (decrease) from Class F transactions		(25,391	)		(13,268	)		37,752			(206,710	)		(24,578	)		(31,516	)
Class Y:
Proceeds from shares issued		1,101			6,056			41,566			37,011			41,023			26,223
Reinvestment of dividends & distributions		105			248			25,402			6,790			6,125			6,071
Cost of shares redeemed		(2,865	)		(2,300	)		(75,457	)		(70,103	)		(43,905	)		(52,483	)
Net increase (decrease) from Class Y transactions		(1,659	)		4,004			(8,489	)		(26,302	)		3,243			(20,189	)
Increase (Decrease) in Net Assets Derived from Capital Share Transactions		(27,050	)		(9,264	)		29,263			(233,012	)		(21,335	)		(51,705	)
Net Increase (Decrease) in Net Assets		(10,018	)		(33,560	)		(269,909	)		(2,998	)		(45,561	)		(12,619	)
Net Assets
Beginning of year		481,950			515,510			2,880,438			2,883,436			977,832			990,451

End of year	$	471,932		$	481,950		$	2,610,529		$	2,880,438		$	932,271		$	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.


344		SEI Institutional Managed Trust / Annual Report / September 30, 2020


		Multi-Asset Inflation Managed Fund				Multi-Asset Capital Stability Fund
	2020		2019		2020		2019

$ 10,505		$ 14,581		$ 2,867		$ 10,484

(37,228)		(40,740)		5,506		12,578
(1,408)		255		564		1,013
—		—		—		—
—		—		—		—


(1,777)		20,224		10,762		3,473

15		(10)		(20)		(7)
(29,893)		(5,690)		19,679		27,541

(12,032)		(14,874)		(24,500)		(3,555)
(920)		(1,199)		(1,745)		(268)
(12,952)		(16,073)		(26,245)		(3,823)


140,432		132,517		244,633		155,874
11,038		13,675		19,404		2,824
(173,715)		(187,767)		(210,326)		(178,960)
(22,245)		(41,575)		53,711		(20,262)


10,235		12,906		14,849		10,967
899		1,168		1,706		267
(19,217)		(20,431)		(15,678)		(9,643)
(8,083)		(6,357)		877		1,591
(30,328)		(47,932)		54,588		(18,671)
(73,173)		(69,695)		48,022		5,047


854,308		924,003		732,710		727,663
$ 781,135		$ 854,308		$ 780,732		$ 732,710


SEI Institutional Managed Trust / Annual Report / September 30, 2020			345

CONSOLIDATED STATEMENT OF CASH FLOWS ($ Thousands)

For the year ended September 30, 2020


	Multi-Asset Inflation Managed Fund
Cash Flows from Operating Activities:
Net Decrease in Net Assets from Operations	$	(29,893)
Adjustments to Reconcile Net Increase in Net Assets Resulting from Operations to Net Cash Provided in Operating Activities:
Purchase of Investment Securities		(712,478)
Proceeds from Disposition of Investment Securities		827,300
Proceeds from Securities Sold Short		26,119
Purchases to Cover Securities Sold Short		(80,448)
Purchased Options/Purchases to Cover Written Options		(610)
Amortization (Accretion of Market Discount)		(4,036)
Net Realized (Gain) Loss on:
Investments and Securities Sold Short		17,321
Net Change in Unrealized (Appreciation) Depreciation on:
Investments and Securities Sold Short		(2,400)
Changes in Assets:
Cash Collateral on Forwards		(687)
Cash Collateral on Swaps		(5,870)
Cash Collateral on Futures		(213)
Receivable for Investment Securities Sold		6,008
Dividends and Interest Receivable		(99)
OTC Options, at value		(1,458)
OTC Swaptions, at value		(285)
OTC Swap Contracts, at Value		(2,724)
Foreign Tax Reclaim receivable		41
Unrealized Loss on forward foreign currency contracts		(400)
Receivable for Variation Margin		(1,041)
Changes in Liabilities:
Payable for Investment Securities Purchased		(4,401)
Administration Fees Payable		(29)
Shareholder Servicing Fees Payable		(13)
Payable for securities sold short		(24,551)
OTC Swap Contracts, at Value		3,248
OTC Swaptions, at Value		951
OTC Options, at value		(41)
Payable for Variation Margin		(1,364)
Investment Advisory Fees Payable		(20)
CCO Fees		1
Due to Broker		(207)
Unrealized Gain on Forward Foreign Currency Contracts		(63)
Accrued Expenses Payable		(600)

Net Cash Provided by Operating Activities		7,058
Cash Flows used from Financing Activities
Reverse Repurchase Agreements		12,589
Dividends and Distributions		(12,952)
Proceeds from Shares Issued		150,638
Reinvestment of Dividends and Distributions		11,937
Cost of Shares Redeemed		(192,685)

Net Cash Provided by Financing Activities		(30,473)

Net Change in Cash, Restricted Cash, and Foreign Currency		(23,415)

Cash, Restricted Cash, and Foreign Currency at Beginning of Year	$	117,594

Cash, Restricted Cash, and Foreign Currency at End of Year	$	94,179
Supplemental Disclosure of Cash Flow Information
Interest paid	$	3,547
The accompanying notes are an integral part of the financial statements.


346		SEI Institutional Managed Trust / Annual Report / September 30, 2020

FINANCIAL HIGHLIGHTS

For 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	$	0.16	$	0.89		$	1.05		$	(0.18)	$	(0.86)	$	(1.04)	$	13.95		7.67	%	$	1,944,209		0.89	%		0.89	%		0.96	%		1.16	%		63	%
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
Class Y
2020	$	13.95	$	0.19	$	0.89		$	1.08		$	(0.22)	$	(0.86)	$	(1.08)	$	13.95		7.86	%	$	103,168		0.64	%		0.64	%		0.71	%		1.41	%		63	%
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
Large Cap Value Fund
Class F
2020	$	23.25	$	0.45	$	(2.70	)	$	(2.25	)	$	(0.46)	$	(0.43)	$	(0.89)	$	20.11		(9.96	)%	$	1,097,338		0.89	%		0.89	%		0.93	%		2.15	%		65	%
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
Class I
2020	$	23.27	$	0.41	$	(2.71	)	$	(2.30	)	$	(0.41)	$	(0.43)	$	(0.84)	$	20.13		(10.17	)%	$	2,454		1.11	%		1.11	%		1.18	%		1.93	%		65	%
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
Class Y
2020	$	23.26	$	0.51	$	(2.71	)	$	(2.20	)	$	(0.52)	$	(0.43)	$	(0.95)	$	20.11		(9.76	)%	$	148,423		0.64	%		0.64	%		0.68	%		2.40	%		65	%
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⁽³⁾		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.

(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.


SEI Institutional Managed Trust / Annual Report / September 30, 2020			347

FINANCIAL HIGHLIGHTS

For 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		$	0.04			$	11.63		$	11.67		$	(0.08)		$	(2.09)		$	(2.17)		$	45.29		34.07	%		$	1,395,858		0.89	%		0.89	%		0.98	%		0.11	%		58	%
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
Class I
2020		$	34.86		$	(0.04	)		$	11.30		$	11.26		$	(0.04)		$	(2.09)		$	(2.13)		$	43.99		33.75	%		$	3,239		1.11	%		1.11	%		1.23	%		(0.12	)%		58	%
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
Class Y
2020		$	35.84		$	0.14			$	11.63		$	11.77		$	(0.17)		$	(2.09)		$	(2.26)		$	45.35		34.39	%		$	170,883		0.64	%		0.64	%		0.73	%		0.36	%		58	%
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		$	0.17			$	1.46		$	1.63		$	(0.17)		$	(0.02)		$	(0.19)		$	11.98		15.67	%		$	706,457		0.25	%		0.25	%		0.64	%		1.52	%		8	%
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		$	0.31			$	1.80		$	2.11		$	(0.34)		$	(2.04)		$	(2.38)		$	27.26		7.84	%		$	3,368,577		0.89	%		0.89	%		0.91	%		1.19	%		40	%
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
Class Y
2020		$	27.54		$	0.38			$	1.80		$	2.18		$	(0.41)		$	(2.04)		$	(2.45)		$	27.27		8.11	%		$	408,792		0.64	%		0.64	%		0.66	%		1.44	%		40	%
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

^†	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).

(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.

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

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


348		SEI Institutional Managed Trust / Annual Report / September 30, 2020

FINANCIAL HIGHLIGHTS

For 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		$	1.15			$	8.74			$	9.89			$	(1.20)			$	(2.05)		$	(3.25)		$	75.64		14.82	%⁽²⁾		$	844,753		0.25	%		0.25	%		0.54	%		1.64	%		19	%
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⁽³⁾			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	⁽⁴⁾		0.45	⁽⁴⁾		0.57⁽	⁴⁾		1.69			10

Class I
2020		$	69.39		$	0.87			$	8.82			$	9.69			$	(0.92)			$	(2.05)		$	(2.97)		$	76.11		14.37	%⁽²⁾		$	5,331		0.65	%		0.65	%		0.79	%		1.23	%		19	%
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⁽³⁾			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⁽	⁴⁾		0.67⁽	⁴⁾		0.82⁽	⁴⁾		1.49			10

Small Cap Fund

Class F
2020		$	11.05		$	0.02			$	(0.31	)		$	(0.29	)		$	(0.02)	⁽⁵⁾		$	—		$	(0.02)		$	10.74		(2.60	)%		$	503,795		1.14	%		1.14	%		1.23	%		0.16	%		149	%
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	⁽⁴⁾		1.16	⁽⁴⁾		1.26⁽	⁴⁾		0.03			104

Class Y
2020		$	11.15		$	0.04			$	(0.29	)		$	(0.25	)		$	(0.05)	⁽⁵⁾		$	—		$	(0.05)		$	10.85		(2.23	)%		$	25,727		0.89	%		0.89	%		0.98	%		0.41	%		149	%
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	⁽⁴⁾		0.91	⁽⁴⁾		1.01⁽	⁴⁾		0.28			104

^†	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.

(1)	Per share net investment income and net realized and unrealized gains (losses) calculated using average shares.

(2)	Includes contribution from SIMC. Without the cash contribution, the Fund’s return for Class F and Class I would have been 14.78% and 14.33%, respectively (See Note 6 in the Notes to Financial Statements).

(3)	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.

(4)	The expense ratio includes proxy expenses outside of the cap.

(5)	Includes return of capital less than $0.005.

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 / Annual Report / September 30, 2020			349

FINANCIAL HIGHLIGHTS

For 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		$	0.17			$	(3.46	)		$	(3.29	)		$	(0.24)		$	—		$	(0.24)		$	17.07		(16.03	)%		$	250,718		1.14	%		1.14	%		1.24	%		0.91	%		65	%
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
Class I
2020		$	20.39		$	0.12			$	(3.42	)		$	(3.30	)		$	(0.19)		$	—		$	(0.19)		$	16.90		(16.20	)%		$	1,204		1.36	%		1.36	%		1.49	%		0.67	%		65	%
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
Class Y
2020		$	20.61		$	0.21			$	(3.46	)		$	(3.25	)		$	(0.28)		$	—		$	(0.28)		$	17.08		(15.80	)%		$	45,725		0.89	%		0.89	%		0.99	%		1.13	%		65	%
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		$	(0.12	)		$	1.96			$	1.84			$	—		$	(1.12)		$	(1.12)		$	32.60		5.68	%		$	290,981		1.11	%		1.11	%		1.23	%		(0.39	)%		173	%
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
Class I
2020		$	30.29		$	(0.19	)		$	1.87			$	1.68			$	—		$	(1.12)		$	(1.12)		$	30.85		5.44	%		$	1,245		1.36	%		1.36	%		1.48	%		(0.64	)%		173	%
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
Class Y
2020		$	32.23		$	(0.04	)		$	1.99			$	1.95			$	—		$	(1.12)		$	(1.12)		$	33.06		5.97	%		$	32,593		0.86	%		0.86	%		0.98	%		(0.14	)%		173	%
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.

(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.


350		SEI Institutional Managed Trust / Annual Report / September 30, 2020

FINANCIAL HIGHLIGHTS

For 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		$	0.04		$	(1.15	)		$	(1.11	)		$	(0.08)		$	(0.44)		$	(0.52)		$	19.41		(5.47	)%		$	664,941		1.11	%		1.11	%		1.24	%		0.22	%		90	%
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
Class Y
2020		$	21.06		$	0.09		$	(1.14	)		$	(1.05	)		$	(0.12)		$	(0.44)		$	(0.56)		$	19.45		(5.20	)%		$	84,564		0.89	%		0.89	%		0.99	%		0.44	%		90	%
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
Mid-Cap Fund
Class F
2020		$	24.94		$	0.28		$	(1.00	)		$	(0.72	)		$	(0.29)		$	(0.34)		$	(0.63)		$	23.59		(2.87	)%		$	66,828		0.98	%		0.98	%		0.98	%		1.17	%		108	%
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
Class I
2020		$	24.91		$	0.22		$	(0.99	)		$	(0.77	)		$	(0.25)		$	(0.34)		$	(0.59)		$	23.55		(3.13	)%		$	583		1.20	%		1.20	%		1.23	%		0.96	%		108	%
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
Class Y
2020		$	24.96		$	0.33		$	(0.99	)		$	(0.66	)		$	(0.35)		$	(0.34)		$	(0.69)		$	23.61		(2.61	)%		$	2,584		0.73	%		0.73	%		0.73	%		1.42	%		108	%
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⁽⁴⁾			26.61			0.30			1.29				1.59				(0.32)			(3.87)			(4.19)			24.01		7.56				479		0.78	⁽³⁾		0.78	⁽³⁾		0.78	⁽³⁾		1.43			115

^†	Returns and portfolio turnover rates are for the period indicated and have not been annualized. Returns do not reflect the deduction of taxes the shareholder would pay on fund distributions or redemption of fund shares.

(1)	Per share net investment income and net realized and unrealized gains (losses) calculated using average shares.

(2)	The expense ratio includes litigation expenses outside the cap.

(3)	The expense ratio includes proxy expenses outside of the cap.

(4)	Commenced operations on October 30, 2015. All ratios for the period have been annualized.

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 / Annual Report / September 30, 2020		351

FINANCIAL HIGHLIGHTS

For 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		$	0.26		$	(1.08	)		$	(0.82	)		$	(0.29)		$	(0.53)		$	(0.82)		$	16.14		(4.87	)%		$	764,608		0.90	%		0.90	%		1.23	%		1.55	%		77	%
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
Class I
2020		$	17.78		$	0.21		$	(1.08	)		$	(0.87	)		$	(0.25)		$	(0.53)		$	(0.78)		$	16.13		(5.17	)%		$	1,282		1.15	%		1.15	%		1.48	%		1.29	%		77	%
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
Class Y
2020		$	17.79		$	0.30		$	(1.08	)		$	(0.78	)		$	(0.33)		$	(0.53)		$	(0.86)		$	16.15		(4.62	)%		$	870,935		0.65	%		0.65	%		0.98	%		1.79	%		77	%
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
Global Managed Volatility Fund
Class F
2020		$	11.46		$	0.12		$	(0.57	)		$	(0.45	)		$	(0.28)		$	(0.33)		$	(0.61)		$	10.40		(4.33	)%		$	913,791		1.11	%		1.11	%		1.25	%		1.12	%		86	%
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
Class I
2020		$	11.19		$	0.09		$	(0.55	)		$	(0.46	)		$	(0.25)		$	(0.33)		$	(0.58)		$	10.15		(4.51	)%		$	952		1.36	%		1.36	%		1.50	%		0.88	%		86	%
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
Class Y
2020		$	11.49		$	0.15		$	(0.58	)		$	(0.43	)		$	(0.30)		$	(0.33)		$	(0.63)		$	10.43		(4.08	)%		$	143,066		0.86	%		0.86	%		1.00	%		1.39	%		86	%
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

^†	Returns and portfolio turnover rates are for the period indicated and have not been annualized. Returns do not reflect the deduction of taxes the shareholder would pay on fund distributions or redemption of fund shares.

(1)	Per share net investment income and net realized and unrealized gains (losses) calculated using average shares.

(2)	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.


352		SEI Institutional Managed Trust / Annual Report / September 30, 2020

FINANCIAL HIGHLIGHTS

For 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		$	0.25			$	(0.51	)		$	(0.26	)		$	(0.27)		$	(0.42)		$	(0.69)		$	16.66		(1.53	)%		$	856,160		1.00	%		1.00	%		1.23	%		1.48	%		27	%
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
Class Y
2020		$	17.62		$	0.29			$	(0.52)			$	(0.23	)		$	(0.31)		$	(0.42)		$	(0.73)		$	16.66		(1.34	)%		$	76,132		0.75	%		0.75	%		0.98	%		1.73	%		27	%
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
Tax-Managed International Managed Volatility Fund
Class F
2020		$	10.77		$	0.19			$	(0.49	)		$	(0.30	)		$	(0.32)		$	—		$	(0.32)		$	10.15		(3.08	)%		$	315,250		1.11	%		1.11	%		1.41	%		1.84	%		79	%
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⁽³⁾			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		$	0.23			$	(0.51	)		$	(0.28	)		$	(0.34)		$	—		$	(0.34)		$	10.17		(2.84	)%		$	53,255		0.86	%		0.86	%		1.16	%		2.27	%		79	%
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⁽³⁾			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		$	0.14			$	(2.47	)		$	(2.33	)		$	(0.28)		$	(1.12)		$	(1.40)		$	13.51		(14.21	)%		$	74,099		1.14	%		1.14	%		1.23	%		0.95	%		123	%
2019			16.06			0.23				2.31				2.54				(0.21)			(1.15)			(1.36)			17.24		17.35				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
Class I
2020		$	17.20		$	0.11			$	(2.46	)		$	(2.35	)		$	(0.25)		$	(1.12)		$	(1.37)		$	13.48		(14.38	)%		$	307		1.36	%		1.36	%		1.48	%		0.79	%		123	%
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
Class Y
2020		$	17.25		$	0.21			$	(2.51	)		$	(2.30EA	)		$	(0.32)		$	(1.12)		$	(1.44)		$	13.51		(14.04	)%		$	17,279		0.89	%		0.89	%		0.98	%		1.40	%		123	%
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

^†	Returns and portfolio turnover rates are for the period indicated and have not been annualized. Returns do not reflect the deduction of taxes the shareholder would pay on fund distributions or redemption of fund shares.

(1)	Per share net investment income and net realized and unrealized gains (losses) calculated using average shares.

(2)	The expense ratio includes proxy expenses outside of the cap.

(3)	Commenced operations on October 17, 2016. 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 / Annual Report / September 30, 2020		353

FINANCIAL HIGHLIGHTS

For 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		$	0.23		$	0.65			$	0.88			$	(0.27	)		$	(0.11	)			$ (0.38	)		$	12.15		7.75	%		$	3,859,455		0.66	%		0.66	%		0.73	%		1.98	%		357	%
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
Class I
2020		$	11.64		$	0.21		$	0.66			$	0.87			$	(0.26	)		$	(0.11	)		$	(0.37	)		$	12.14		7.59	%		$	4,698		0.88	%		0.88	%		0.98	%		1.76	%		357	%
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
Class Y
2020		$	11.66		$	0.26		$	0.65			$	0.91			$	(0.30	)		$	(0.11	)		$	(0.41	)		$	12.16		7.98	%		$	455,054		0.41	%		0.41	%		0.48	%		2.22	%		357	%
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
High Yield Bond Fund
Class F
2020		$	6.91		$	0.36		$	(0.39	)		$	(0.03	)		$	(0.38	)		$	(0.04	)		$	(0.42	)		$	6.46		(0.33	)%		$	1,257,617		0.89	%		0.89	%		0.98	%		5.54	%		88	%
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	⁽³⁾		0.90	⁽³⁾		1.01	⁽³⁾		5.83			62
2016			7.01			0.42			0.26				0.68				(0.42	)			(0.09	)			(0.51	)			7.18		10.44				1,737,907		0.91	⁽²⁾		0.91	⁽²⁾		1.10	⁽²⁾		6.16			56
Class I
2020		$	6.65		$	0.33		$	(0.37	)		$	(0.04	)		$	(0.35	)		$	(0.04	)		$	(0.39	)		$	6.22		(0.46	)%		$	409		1.11	%		1.11	%		1.23	%		4.99	%		88	%
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	⁽³⁾		1.12	⁽³⁾		1.25	⁽³⁾		5.58			62
2016			6.78			0.40			0.23				0.63				(0.39	)			(0.09	)			(0.48	)			6.93		9.95				1,078		1.14	⁽²⁾		1.14	⁽²⁾		1.36	⁽²⁾		6.01			56
Class Y
2020		$	6.91		$	0.38		$	(0.39	)		$	(0.01	)		$	(0.40	)		$	(0.04	)		$	(0.44	)		$	6.46		(0.07	)%		$	174,334		0.64	%		0.64	%		0.73	%		5.78	%		88	%
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	⁽³⁾		0.65	⁽³⁾		0.76	⁽³⁾		6.08			62
2016			7.01			0.44			0.26				0.70				(0.44	)			(0.09	)			(0.53	)			7.18		10.72				199,015		0.66	⁽²⁾		0.66	⁽²⁾		0.85	⁽²⁾		6.42			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.

(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)	The expense ratio includes litigation expenses outside 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.


354		SEI Institutional Managed Trust / Annual Report / September 30, 2020

FINANCIAL HIGHLIGHTS/CONSOLIDATED FINANCIAL HIGHLIGHTS

For 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		$	0.09		$	0.01			$	0.10		$	(0.10	)		$	—		$	(0.10	)		$	10.00		0.96	%		$	319,030		0.30	%		0.30	%		0.59	%		0.90	%		–	%
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		$	0.11		$	—			$	0.11		$	(0.11	)		$	—		$	(0.11	)		$	10.00		1.06	%		$	22,256		0.20	%		0.20	%		0.34	%		1.05	%		–	%
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		$	—			$	0.06		$	(0.06	)		$	—		$	(0.06	)		$	10.00		0.64	%		$	212,828		0.30	%		0.30	%		0.59	%		0.62	%		–	%
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		$	0.09		$	(0.02	)		$	0.07		$	(0.07	)		$	—		$	(0.07	)		$	10.00		0.73	%		$	5,770		0.20	%		0.20	%		0.34	%		0.87	%		–	%
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.

(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.


SEI Institutional Managed Trust / Annual Report / September 30, 2020		355

FINANCIAL HIGHLIGHTS/CONSOLIDATED FINANCIAL HIGHLIGHTS

For 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		$	0.07		$	0.42			$	0.49		$	(0.05	)		$	—			$	(0.05	)		$	10.40		4.98	%		$	238,849		0.45	%		0.45	%		0.70	%		0.72	%		41	%
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
Class Y
2020		$	10.00		$	0.08		$	0.42			$	0.50		$	(0.06	)		$	—			$	(0.06	)		$	10.44		5.01	%		$	21,395		0.35	%		0.35	%		0.45	%		0.84	%		41	%
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
Dynamic Asset Allocation Fund
Class F
2020		$	13.23		$	0.14		$	1.84			$	1.98		$	(0.23	)		$	—			$	(0.23	)		$	14.98		15.07	%		$	723,775		0.75	%		0.75	%		1.18	%		1.06	%		16	%
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
Class Y
2020		$	13.26		$	0.08		$	1.93			$	2.01		$	(0.26	)		$	—			$	(0.26	)		$	15.01		15.31	%		$	41,757		0.50	%		0.50	%		0.93	%		0.59	%		16	%
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

^†	Returns and portfolio turnover rates are for the period indicated and have not been annualized. Returns do not reflect the deduction of taxes the shareholder would pay on fund distributions or redemption of fund shares.

(1)	Per share net investment income and net realized and unrealized gains (losses) calculated using average shares.

(2)	Includes return of capital of $0.01.

(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.


356		SEI Institutional Managed Trust / Annual Report / September 30, 2020

FINANCIAL HIGHLIGHTS/CONSOLIDATED FINANCIAL HIGHLIGHTS

For 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		$	0.08			$	0.39			$	0.47			$	(0.10	)		$	—			$	(0.10	)		$	9.98		4.90	%		$	463,468		1.72	%⁽²⁾		1.72	%⁽²⁾		2.54	%⁽²⁾		0.84	%		527	%
2019			10.10			0.14				(0.18	)			(0.04	)			(0.16	)			(0.29	)			(0.45	)			9.61		(0.18	)			472,129		1.44	⁽³⁾		1.44	⁽³⁾		2.38	⁽³⁾		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	⁽⁴⁾		1.41	⁽⁴⁾		2.41	⁽⁴⁾		0.72			266	⁽⁵⁾
2017			9.67			(0.01	)			0.46				0.45				(0.01	)			—				(0.01	)			10.11		4.62				508,046		1.41	⁽⁶⁾		1.41	⁽⁶⁾		2.44	⁽⁶⁾		(0.12	)		215	⁽⁵⁾
2016			9.60			0.09				0.23				0.32				(0.15	)			(0.10	)			(0.25	)			9.67		3.40				573,752		1.12	⁽⁷⁾⁽⁸⁾		1.12	⁽⁷⁾⁽⁸⁾		2.39	⁽⁷⁾⁽⁸⁾		0.95			149
Class Y
2020		$	9.61		$	0.11			$	0.38			$	0.49			$	(0.12	)		$	—			$	(0.12	)		$	9.98		5.16	%		$	8,464		1.47	%⁽⁹⁾		1.47	%⁽⁹⁾		2.29	%⁽⁹⁾		1.12	%		527	%
2019			10.11			0.13				(0.15	)			(0.02	)			(0.19	)			(0.29	)			(0.48	)			9.61		(0.01	)			9,821		1.20	⁽¹⁰⁾		1.20	⁽¹⁰⁾		2.15	⁽¹⁰⁾		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	⁽¹¹⁾		1.16	⁽¹¹⁾		2.16	⁽¹¹⁾		0.95			266	⁽⁵⁾
2017			9.68			0.03				0.44				0.47				(0.03	)			—				(0.03	)			10.12		4.79				4,841		1.14	⁽¹²⁾		1.14	⁽¹²⁾		2.16	⁽¹²⁾		0.34			215	⁽⁵⁾
2016			9.60			—				0.36				0.36				(0.18	)			(0.10	)			(0.28	)			9.68		3.77				1,352		0.96	^(7)(13)		0.96	^(7)(13)		2.18	^(7)(13)		–			149
Multi-Asset Accumulation Fund
Class F
2020		$	10.63		$	(0.02	)		$	0.18			$	0.16			$	(0.13	)		$	(1.11	)		$	(1.24	)		$	9.55		1.51	%		$	2,420,060		1.17	%		1.17	%		1.30	%		(0.23	)%		61	%
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	⁽⁷⁾		1.19	⁽⁷⁾		1.35	⁽⁷⁾		(0.50	)		55
Class Y
2020		$	10.70		$	(0.03	)		$	0.21			$	0.18			$	(0.15	)		$	(1.11	)		$	(1.26	)		$	9.62		1.74	%		$	190,469		0.92	%		0.92	%		1.05	%		(0.26	)%		61	%
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	⁽⁷⁾		0.94	⁽⁷⁾		1.10	⁽⁷⁾		(0.33	)		55

^†	Returns and portfolio turnover rates are for the period indicated and have not been annualized. Returns do not reflect the deduction of taxes the shareholder would pay on fund distributions or redemption of fund shares.

(1)	Per share net investment income and net realized and unrealized gains (losses) calculated using average shares.

(2)	The expense ratio includes dividend and interest expense, and other expenses outside the cap. Had this expense been excluded the ratios would have been 1.27%, 1.27%, and 2.10%

(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 1.20%, 1.20%, and 2.14%.

(4)	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%.

(5)	The portfolio turnover rate in 2017 and 2018 have been changed from 37% to 215% and 373% to 266%, respectively.

(6)	The expense ratio includes dividend and interest expense, and other expenses outside the cap. Had this expense been excluded the ratios would have been 1.06%, 1.06%, and 2.09%.

(7)	The expense ratio includes proxy expenses outside of the cap.

(8)	The expense ratio includes dividend and interest expense, and other expenses outside the cap. Had this expense been excluded the ratios would have been 0.85%, 0.85%, and 2.12%.

(9)	The expense ratio includes dividend and interest expense, and other expenses outside the cap. Had this expense been excluded the ratios would have been 1.02%, 1.02% and 1.85%.

(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 0.96%, 0.96%, and 1.91%.

(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 0.84%, 0.84% and 1.84%.

(12)

The expense ratio includes dividend and interest expense, and other expenses outside the cap. Had this expense been excluded the ratios would have been 0.79%, 0.79%, and 1.98%. (13) 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%.

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 / Annual Report / September 30, 2020		357

FINANCIAL HIGHLIGHTS/CONSOLIDATED FINANCIAL HIGHLIGHTS

For 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		$	0.40		$	(0.20	)		$	0.20			$	(0.39	)		$	(0.03	)		$	(0.42	)		$	10.85		1.86	%		$	770,599		0.80	%		0.80	%		1.21	%		3.69	%		137	%
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
Class Y
2020		$	11.07		$	0.41		$	(0.20	)		$	0.21			$	(0.40	)		$	(0.03	)		$	(0.43	)		$	10.85		1.96	%		$	161,672		0.70	%		0.70	%		0.96	%		3.79	%		137	%
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⁾⁽⁵⁾		0.72	⁽³⁾⁽⁵⁾		0.98	⁽³⁾		5.08			72
Multi-Asset Inflation Managed Fund
Class F
2020		$	8.28		$	0.10		$	(0.38	)		$	(0.28	)		$	(0.12	)		$	—			$	(0.12	)		$	7.88		(3.41	)%		$	735,962		1.38	%⁽⁶⁾		1.38	%⁽⁶⁾		1.62	%⁽⁶⁾		1.28	%		63	%
2019			8.49			0.14			(0.20	)			(0.06	)			(0.15	)			—				(0.15	)			8.28		(0.62	)			798,451		1.52	⁽⁶⁾		1.52	⁽⁶⁾		1.76	⁽⁶⁾		1.68			30
2018			8.52			0.17			(0.08	)			0.09				(0.12	)			—				(0.12	)			8.49		1.04				860,457		1.52	⁽⁶⁾		1.52	⁽⁶⁾		1.76	⁽⁶⁾		1.97			32
2017			8.80			0.09			(0.27	)			(0.18	)			(0.10	)			—				(0.10	)			8.52		(2.07	)			821,191		1.33	⁽⁶⁾		1.33	⁽⁶⁾		1.56	⁽⁶⁾		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⁾⁽⁶⁾		1.23	⁽³⁾⁽⁶⁾		1.46	⁽³⁾⁽⁶⁾		0.59			73
Class Y
2020		$	8.29		$	0.11		$	(0.37	)		$	(0.26	)		$	(0.14	)		$	—			$	(0.14	)		$	7.89		(3.17	)%		$	45,173		1.13	%⁽⁸⁾		1.13	%⁽⁸⁾		1.37	%⁽⁸⁾		1.35	%		63	%
2019			8.50			0.13			(0.17	)			(0.04	)			(0.17	)			—				(0.17	)			8.29		(0.35	)			55,857		1.27	⁽⁷⁾		1.27	⁽⁷⁾		1.51	⁽⁷⁾		1.56			30
2018			8.53			0.16			(0.05	)			0.11				(0.14	)			—				(0.14	)			8.50		1.29				63,546		1.27	⁽⁷⁾		1.27	⁽⁷⁾		1.50	⁽⁷⁾		1.90			32
2017			8.82			0.10			(0.26	)			(0.16	)			(0.13	)			—				(0.13	)			8.53		(1.90	)			68,506		1.08	⁽⁷⁾		1.08	⁽⁷⁾		1.32	⁽⁷⁾		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⁾		0.98	⁽³⁾		1.21	⁽³⁾		0.79			73

^†	Returns and portfolio turnover rates are for the period indicated and have not been annualized. Returns do not reflect the deduction of taxes the shareholder would pay on fund distributions or redemption of fund shares.

(1)	Per share net investment income and net realized and unrealized gains (losses) calculated using average shares.

(2)	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 0.70%, 0.70%, and 0.96%.

(6)	The expense ratio includes dividend and interest expense, and other expenses outside the cap. Had this expense been excluded the ratios would have been 0.90%, 0.90%, and 1.14%.

(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 0.65%, 0.65%, and 0.89%

(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 0.66%, 0.66%, and 0.90%

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

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


358		SEI Institutional Managed Trust / Annual Report / September 30, 2020

FINANCIAL HIGHLIGHTS/CONSOLIDATED FINANCIAL HIGHLIGHTS

For 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			$	0.22		$	0.26		$	(0.18	)		$	(0.19	)		$	(0.37)			$	10.28		2.55	%		$	732,425		0.62	%		0.62	%		0.98	%		0.37	%		124	%
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
Class Y
2020		$	10.41		$	0.05			$	0.22		$	0.27		$	(0.19	)		$	(0.19	)		$	(0.38	)		$	10.30		2.64	%		$	48,307		0.52	%		0.52	%		0.73	%		0.48	%		124	%
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

^†	Returns and portfolio turnover rates are for the period indicated and have not been annualized. Returns do not reflect the deduction of taxes the shareholder would pay on fund distributions or redemption of fund shares.

(1)	Per share net investment income and net realized and unrealized gains (losses) calculated using average shares.

(2)	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.


SEI Institutional Managed Trust / Annual Report / September 30, 2020		359

Notes to Financial Statements/Consolidated Notes to Financial Statements

September 30, 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, 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 of the Multi-Asset Inflation Managed Fund.

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


360		SEI Institutional Managed Trust / Annual Report / September 30, 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 one member 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


SEI Institutional Managed Trust / Annual Report / September 30, 2020		361

Notes to Financial Statements/Consolidated Notes to Financial Statements (Continued)

September 30, 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, with respect to certain securities, the Funds’ administrator performs price comparisons and price movement review (among other processes), to monitor the pricing data supplied by various sources. Any identified discrepancies are researched and subject to the procedures described above.

Certain of the Funds use a 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.

When independent prices are unavailable or unreliable, debt securities and swaps may be valued utilizing


362		SEI Institutional Managed Trust / Annual Report / September 30, 2020

pricing matrices which consider similar factors that would be used by independent pricing services. These are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances. For certain collateralized debt obligations, corporate obligations, mortgage backed securities, auction rate preferred securities and loan participations where observable inputs are limited, assumptions about market activity and risk are used and are categorized as Level 3 in the hierarchy.

The valuation techniques used by the Funds to measure fair value during the year ended September 30, 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 year ended September 30, 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


SEI Institutional Managed Trust / Annual Report / September 30, 2020		363

Notes to Financial Statements/Consolidated Notes to Financial Statements (Continued)

September 30, 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 September 30, 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


364		SEI Institutional Managed Trust / Annual Report / September 30, 2020

deposits of cash or securities are made upon entering into futures contracts. The contracts are marked to market daily and the resulting changes in value are accounted for as unrealized gains and losses. Variation margin payments are paid or received, depending upon whether unrealized gains or losses are incurred. When the contract is closed, the Funds record a realized gain or loss equal to the difference between the proceeds from (or cost of) the closing transaction and the amount invested in the contract.

Risks of entering into futures contracts include the possibility that there will be an imperfect price correlation between the futures and the underlying securities. Second, it is possible that a lack of liquidity for futures contracts could exist in the secondary market, resulting in an inability to close a position prior to its maturity date. Third, the futures contract involves the risk that the Fund could lose more than the original margin deposit required to initiate a futures transaction.

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 September 30, 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.


SEI Institutional Managed Trust / Annual Report / September 30, 2020		365

Notes to Financial Statements/Consolidated Notes to Financial Statements (Continued)

September 30, 2020

Finally, the risk exists that losses on written options could exceed amounts disclosed on the Statements of Assets and Liabilities. Refer to each Fund’s Schedule of Investments, Summary Schedule of Investments or Consolidated Schedule of Investments for details regarding open option/swaption contracts as of September 30, 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 September 30, 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


366		SEI Institutional Managed Trust / Annual Report / September 30, 2020

swaps, if any, are recorded as a receivable or payable for the change in value as appropriate (“variation margin”) on the Statements of Assets and Liabilities or Consolidated Statement of Assets and Liabilities.

Entering into swap agreements involves, to varying degrees, elements of credit and market risk in excess of the amounts recognized on the Statement of Assets and Liabilities or Consolidated Statement of Assets and Liabilities. Such risks involve the possibility that there will be no liquid market for these agreements, that the counterparty to the agreement may default on its obligation to perform and that there may be unfavorable changes in the fluctuation of interest rates. Risks also arise from potential losses from adverse market movements.

This risk is mitigated by having a master netting arrangement between a Fund and the counterparty and by having the counterparty post collateral to cover a Fund’s exposure to the counterparty. See Note 3 for further details. Refer to each Fund’s Schedule of Investments, Summary Schedule of Investments or Consolidated Schedule of Investments for details regarding open swap agreements as of September 30, 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


SEI Institutional Managed Trust / Annual Report / September 30, 2020		367

Notes to Financial Statements/Consolidated Notes to Financial Statements (Continued)

September 30, 2020

Fund will assume the credit risk of both the borrower and the institution selling the participation to the Fund. The interest rate indicated in the Fund’s Schedule of Investments is the rate in effect at September 30, 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.

Restricted Securities — At September 30, 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.


368		SEI Institutional Managed Trust / Annual Report / September 30, 2020

The acquisition dates of these investments, the enforceable right to acquire these securities, along with their cost and values at September 30, 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	$	1,491	$	57		0.02%

High Yield Bond Fund
Aventine (Escrow Security)	$	2,750		11/30/10		11/30/10	$	—	$	—		0.00%
CUI Acquisition		3		8/27/14		8/27/14		270		—		0.00%
Neiman Marcus		620		9/25/20		9/25/20		—		50		0.00%

Dividends and Distributions to Shareholders — Dividends from net investment income are declared and paid to shareholders quarterly for the Large Cap, Large Cap Value, Large Cap Growth, 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.


SEI Institutional Managed Trust / Annual Report / September 30, 2020		369

Notes to Financial Statements/Consolidated Notes to Financial Statements (Continued)

September 30, 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 September 30, 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 $18.7 million, $3.0 million and $174.8 million, respectively. As of September 30, 2020, the High Yield Bond Fund, 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 $1.0 million, $148.1 million, $.7 million, $83.4 million, $17.1 million, and $23.9 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:



HIGH YIELD BOND 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		$-		$-		$-		$44,894		$44,894
Maximum potential amount of future payments		-		-		-		1,000,000		1,000,000
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		-		-		-		-		-


370		SEI Institutional Managed Trust / Annual Report / September 30, 2020



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	$-	$-	$-	$1,910,657	$1,910,657
Maximum potential amount of future payments	-	-	-	148,058,400	148,058,400
Recourse provisions with third parties to recover any amounts paid under the credit derivative (including any purchased credit protection)¹	-	-	-	-	-
Collateral held by the Fund can obtain upon occurrence of triggering event	-	-	-	-	-


MULTI-STRATEGY ALTERNATIVE FUND WRITTEN CREDIT DERIVATIVE CONTRACTS	SINGLE NAME CDS		CDS ON AN INDEX
REFERENCE ASSET	CORP US$	SOVEREIGN US$	ABS US$	CORP US$	Total
Fair value of written credit derivatives	$-	$(55,831)	$-	$-	$(55,831)
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	$(50,099)	$176,091	$-	$1,221,833	$1,347,825
Maximum potential amount of future payments	1,750,000	19,730,000	-	61,897,500	83,377,500
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	$-	$-	$-	$(5,437,863)	$(5,437,863)
Maximum potential amount of future payments	-	-	-	17,088,000	17,088,000
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	$-	$-	$-	$439,376	$439,376
Maximum potential amount of future payments	-	-	-	24,070,428	24,070,428
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.


SEI Institutional Managed Trust / Annual Report / September 30, 2020		371

Notes to Financial Statements/Consolidated Notes to Financial Statements (Continued)

September 30, 2020


MAXIMUM POTENTIAL AMOUNT OF FUTURE PAYMENTS BY CONTRACT TERM
HIGH YIELD BOND FUND	0-6 MONTHS	6-12 MONTHS	1-5 YEARS	5-10 YEARS	> 10 YEARS	Total
Current credit spread* on underlying (in basis points)
0-100	$-	$-	$-	$-	$-	$-
101-200	-	-	-	-	-	-
201-300	-	-	-	-	-	-
301-400	-	-	1,000,000	-	-	1,000,000
> than 400	-	-	-	-	-	-
Total	$-	$-	$1,000,000	$-	$-	$1,000,000

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	$-	$-	$122,520,000	$-	$-	$122,520,000
101-200	-	-	-	-	-	-
201-300	-	-	-	-	-	-
301-400	-	-	5,308,400	-	-	5,308,400
> than 400	-	-	20,230,000	-	-	20,230,000
Total	$-	$-	$148,058,400	$-	$-	$148,058,400

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	$-	$-	$56,050,000	$-	$-	$56,050,000
101-200	-	-	4,795,000	-	-	4,795,000
201-300	-	-	-	-	-	-
301-400	-	-	-	-	-	-
> than 400	-	-	22,532,500	-	-	22,532,500
Total	$-	$-	$83,377,500	$-	$-	$83,377,500

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	-	-	-	-	17,088,000	17,088,000
Total	$-	$-	$-	$-	$17,088,000	$17,088,000


372		SEI Institutional Managed Trust / Annual Report / September 30, 2020


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	$-	$-	$16,464,000	$-	$-	$16,464,000
101-200	-	-	-	-	-	-
201-300	-	-	-	-	-	-
301-400	-	-	7,606,428	-	-	7,606,428
> than 400	-	-	-	-	-	-
Total	$-	$-	$24,070,428	$-	$-	$24,070,428

The credit spread on the underlying asset is generally indicative of the current status of the underlying risk of the Fund having to perform. The spread also reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into a contract. Higher credit spreads with a shorter contract term is indicative of a higher likelihood of performance by the Fund.

The credit spread disclosed above for each reference obligation where the Fund is the seller of protection is a representation of the current payment/performance risk of the swap.

4. DERIVATIVE TRANSACTIONS

The following tables include only Funds that had exposure to more than one type of risk on derivatives held throughout the year. For Funds that held derivatives throughout the year with only one type of risk exposure, additional information can be found on the Summary Schedule of Investments, Schedule of Investments or Consolidated Schedule of Investments and the Statement of Operations or Consolidated Statement of Operations.

The fair value of derivative instruments as of September 30, 2020 was as follows ($ Thousands):


	Asset Derivatives		Liability Derivatives
	Statement of Assets and Liabilities/Consolidated		Statement of Assets and Liabilities/Consolidated
	Statement of Assets and Liabilities Location	Fair Value	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	$65*	Net Assets — Unrealized depreciation on futures contracts	$73*
Foreign exchange contracts	Unrealized gain on forward foreign currency contracts	2,269	Unrealized loss on forward foreign currency contracts	50

Total Derivatives not accounted for as hedging instruments		$2,334		$123


Core Fixed Income Fund
Interest rate contracts	Net Assets — Unrealized appreciation on futures contracts	$1,953*	Net Assets — Unrealized depreciation on futures contracts	$3,775*
	Net Assets — Unrealized appreciation on swap contracts	1,805^†	Net Assets — Unrealized depreciation on swap contracts	15^†
	Options purchased, at value	115	Options written, at value	139
Foreign exchange contracts	Unrealized gain on forward foreign currency contracts	1,489	Unrealized loss on forward foreign currency contracts	2,953
Credit contracts	Net Assets — Unrealized appreciation on swap contracts	1,398^†	Net Assets — Unrealized depreciation on swap contracts	86^†

Total Derivatives not accounted for as hedging instruments		$6,760		$6,968


SEI Institutional Managed Trust / Annual Report / September 30, 2020		373

Notes to Financial Statements/Consolidated Notes to Financial Statements (Continued)

September 30, 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:

Dynamic Asset Allocation Fund

Interest rate contracts	Swaptions purchased, at value	$7,937	Swaptions written, at value		$—

Equity contracts	Net Assets — Unrealized appreciation on futures contracts	351*	Net Assets — Unrealized depreciation on futures contracts		—*

Foreign exchange contracts	Unrealized gain on forward foreign currency contracts	14	Unrealized loss on forward foreign currency contracts		26

Commodity contracts	Net Assets — Unrealized appreciation on swap contracts	1,342^†	Net Assets — Unrealized depreciation on swap contracts		1,454^†

Total Derivatives not accounted for as hedging instruments		$9,644			$1,480


Multi-Strategy Alternative Fund

Interest rate contracts	Net Assets — Unrealized appreciation on swap contracts	$13*	Net Assets — Unrealized depreciation on swap contracts		$47*

	Swaptions purchased, at value	—	Swaptions written, at value		13

Equity contracts	Options purchased, at value	810	Options written, at value		210

	Net Assets — Unrealized appreciation on futures contracts	—*	Net Assets — Unrealized depreciation on futures contracts		14*

	Net Assets — Unrealized appreciation on swap contracts	296^†	Net Assets — Unrealized depreciation on swap contracts		281^†

Foreign exchange contracts	Unrealized gain on forward foreign currency contracts	654	Unrealized loss on forward foreign currency contracts		637

Credit contracts	Net Assets — Unrealized appreciation on swap contracts	481^†	Net Assets — Unrealized depreciation on swap contracts		283^†

Total Derivatives not accounted for as hedging instruments		$2,254			$1,485


Multi-Asset Accumulation Fund

Interest rate contracts	Net Assets — Unrealized appreciation on futures contracts	$8,851*	Net Assets — Unrealized depreciation on futures contracts		$2,171*

	Net Assets — Unrealized appreciation on swap contracts	842^†	Net Assets — Unrealized depreciation on swap contracts		—^†

Equity contracts	Net Assets — Unrealized appreciation on futures contracts	3,222*	Net Assets — Unrealized depreciation on futures contracts		1,669*

	Net Assets — Unrealized appreciation on swap contracts	2,852^†	Net Assets — Unrealized depreciation on swap contracts		967^†

Foreign exchange contracts	Unrealized gain on forward foreign currency contracts	5,439	Unrealized loss on forward foreign currency contracts		5,153

Commodity contracts	Net Assets — Unrealized appreciation on futures contracts	13,982 *	Net Assets — Unrealized depreciation on futures contracts		7,046 *

Total Derivatives not accounted for as hedging instruments		$35,188			$17,006


374		SEI Institutional Managed Trust / Annual Report / September 30, 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 Income Fund

Interest rate contracts	Net Assets — Unrealized appreciation on futures contracts	$434*	Net Assets — Unrealized depreciation on futures contracts		$580*





	Net Assets — Unrealized appreciation on swap contracts	1,938^†	Net Assets — Unrealized depreciation on swap contracts		159^†

Equity contracts	Options purchased, at value	272	Options written, at value		2,004

	Net Assets — Unrealized appreciation on futures contracts	51*	Net Assets — Unrealized depreciation on futures contracts		—*

Foreign exchange contracts	Unrealized gain on forward foreign currency contracts	886	Unrealized loss on forward foreign currency contracts		844

	Options purchased, at value	54	Options written, at value		85

Credit contracts	Net Assets — Unrealized appreciation on swap contracts	618^†	Net Assets — Unrealized depreciation on swap contracts		383^†

Total Derivatives not accounted for as hedging instruments		$4,253			$4,055


Multi-Asset Inflation Managed Fund

Interest rate contracts	Net Assets — Unrealized appreciation on futures contracts	$99*	Net Assets — Unrealized depreciation on futures contracts		$86*

	Net Assets — Unrealized appreciation on swap contracts	209^†	Net Assets — Unrealized depreciation on swap contracts		5,478^†

	Swaptions purchased, at value	285	Swaptions written, at value		951

Equity contracts	Net Assets — Unrealized appreciation on futures contracts	114*	Net Assets — Unrealized depreciation on futures contracts		—*

Foreign exchange contracts	Unrealized gain on forward foreign currency contracts	713	Unrealized loss on forward foreign currency contracts		323

Commodity contracts	Net Assets — Unrealized appreciation on futures contracts	5,047*	Net Assets — Unrealized depreciation on future contracts		1,645*

	Options purchased, at value	1,868	Options written, at value		442

	Net Assets — Unrealized appreciation on swap contracts	76^†	Net Assets — Unrealized depreciation on swap contracts		335^†

Credit contracts	Net Assets — Unrealized appreciation on swaps contracts	1,262^†	Net Assets — Unrealized depreciation on swaps contracts		4,727^†

Total Derivatives not accounted for as hedging instruments		$9,673			$13,987


Multi-Asset Capital Stability Fund

Interest rate contracts	Net Assets — Unrealized appreciation on futures contracts	$145*	Net Assets — Unrealized depreciation on futures contracts		$48*

	Net Assets — Unrealized appreciation on swap contracts	794^†	Net Assets — Unrealized depreciation on swap contracts		—^†

Equity contracts	Options purchased, at value	1,543	Options written, at value		1,077

	Net Assets — Unrealized appreciation on futures contracts	559*	Net Assets — Unrealized depreciation on futures contracts		1,135*

	Net Assets — Unrealized appreciation on swap contracts	—^†	Net Assets — Unrealized depreciation on swap contracts		1^†

Foreign exchange contracts	Unrealized gain on forward foreign currency contracts	764	Unrealized loss on forward foreign currency contracts		624

Credit contracts	Net Assets — Unrealized appreciation on swap contracts	310^†	Net Assets — Unrealized depreciation on swap contracts		54^†

Total Derivatives not accounted for as hedging instruments		$4,115			$2,939

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.


SEI Institutional Managed Trust / Annual Report / September 30, 2020		375

Notes to Financial Statements/Consolidated Notes to Financial Statements (Continued)

September 30, 2020

^†

Includes cumulative appreciation/depreciation of swap contracts as reported in the Schedules of Investments. Market Value is reported within the Statements of Assets & Liabilities or Consolidated Statements of Assets & Liabilities for swap contracts that have paid premiums.

The effect of derivative instruments on the Statements of Operations/Consolidated Statements of Operations for the year ended September 30, 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	$	—		$	—		$	(535	)	$	—		$	—		$	(535	)
Foreign exchange contracts		—			—			—			(6,127	)		—			(6,127	)
Total	$	—		$	—		$	(535	)	$	(6,127	)	$	—		$	(6,662	)
Core Fixed Income Fund
Interest rate contracts	$	187		$	430		$	61,340		$	—		$	(36,676	)	$	25,281
Equity contracts		—			—			—			—			—			—
Foreign exchange contracts		(194	)		—			—			(4,311	)		—			(4,505	)
Credit contracts		—			—			—			—			890			890
Total	$	(7	)	$	430		$	61,340		$	(4,311	)	$	(35,786	)	$	21,666
Dynamic Asset Allocation Fund
Interest rate contracts	$	(1,677	)	$	—		$	—		$	—		$	—		$	(1,677	)
Equity contracts		—			—			1,254			—			—			1,254
Commodity contracts		—			—			—			—			12,866			12,866
Foreign exchange contracts		—			—			—			2,610			—			2,610
Total	$	(1,677	)	$	—		$	1,254		$	2,610		$	12,866		$	15,053
Multi-Strategy Alternative Fund
Credit contracts	$	(19	)	$	—		$	—		$	—		$	272		$	253
Equity contracts		307			—			(114	)		—			(148	)		45
Interest rate contracts		—			26			(2	)		—			(50	)		(26	)
Foreign exchange contracts		—			—			—			639			—			639
Total	$	288		$	26		$	(116	)	$	639		$	74		$	911
Multi-Asset Accumulation Fund
Equity contracts	$	—		$	—		$	(17,695	)	$	—		$	0		$	(17,695	)
Interest rate contracts		—			—			89,609			—			25,670			115,279
Foreign exchange contracts		—			—			—			(20,359	)		—			(20,359	)
Commodity contracts		—			—			(63,329	)		—			(1,917	)		(65,246	)
Total	$	—		$	—		$	8,585		$	(20,359	)	$	23,753		$	11,979
Multi-Asset Income Fund
Equity contracts	$	(24,483	)	$	—		$	9,030		$	—		$	—		$	(15,453	)
Credit contracts		—			—			—			—			(4,617	)		(4,617	)
Interest rate contracts		(120	)		(123	)		11,102			—			(6,461	)		4,398
Foreign exchange contracts		(265	)		—			—			(2,387	)		—			(2,652	)
Total	$	(24,868	)	$	(123	)	$	20,132		$	(2,387	)	$	(11,078	)	$	(18,324	)
Multi-Asset Inflation Managed Fund
Credit contracts	$	—		$	—		$	—		$	—		$	1,203		$	1,203
Equity contracts		—			—			(3,419	)		—			(328	)		(3,747	)
Interest rate contracts		—			(94	)		(6,514	)		—			85			(6,523	)
Foreign exchange contracts		—			—			—			1,039			—			1,039
Commodity contracts		(443	)		—			(7,617	)		—			(4,262	)		(12,322	)
Total	$	(443	)	$	(94	)	$	(17,550	)	$	1,039		$	(3,302	)	$	(20,350	)


376		SEI Institutional Managed Trust / Annual Report / September 30, 2020


Derivatives Not Accounted for as Hedging Instruments	Options			Swaptions		Futures			Forward Foreign Currency Contracts		Swaps			Total
Multi-Asset Capital Stability Fund
Credit contracts	$	—		$	—	$	—		$	—	$	(1,244	)	$	(1,244	)
Equity contracts		(51	)		—		(4,765	)		—		—			(4,816	)
Interest rate contracts		(254	)		—		6,517			—		1,395			7,658
Foreign exchange contracts		140			—		—			235		—			375
Total	$	(165	)	$	—	$	1,752		$	235	$	151		$	1,973

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	$	—		$	—	$	42		$	—		$	—		$	42
Foreign exchange contracts		—			—		—			80			—			80
Total	$	—		$	—	$	42		$	80		$	—		$	122
Core Fixed Income Fund
Credit contracts	$	—		$	—	$	—		$	—		$	1,184		$	1,184
Interest rate contracts		(253	)		—		(4,316	)		—			13,664			9,095
Foreign exchange contracts		—			—		—			(1,030	)		—			(1,030	)
Total	$	(253	)	$	—	$	(4,316	)	$	(1,030	)	$	14,848		$	9,249
Dynamic Asset Allocation Fund
Equity contracts	$	—		$	—	$	423		$	—		$	—		$	423
Interest rate contracts		—			2,256		—			—			—			2,256
Foreign exchange contracts		—			—		—			(4,758	)		—			(4,758	)
Commodity contracts		—			—		—			—			(112	)		(112	)
Total	$	—		$	2,256	$	423		$	(4,758	)	$	(112	)	$	(2,191	)
Multi-Strategy Alternative Fund
Credit contracts	$	—		$	—	$	—		$	—		$	187		$	187
Equity contracts		233			—		(23	)		—			7			217
Interest rate contracts		—			14		10			—			76			100
Foreign exchange contracts		—			—		—			(42	)		—			(42	)
Total	$	233		$	14	$	(13	)	$	(42	)	$	270		$	462
Multi-Asset Accumulation Fund
Equity contracts	$	—		$	—	$	7,569		$	—		$	520		$	8,089
Interest rate contracts		—			—		27,457			—			(2,005	)		25,452
Foreign exchange contracts		—			—		—			(7,828	)		—			(7,828	)
Commodity contracts		—			—		6,032			—			—			6,032
Total	$	—		$	—	$	41,058		$	(7,828	)	$	(1,485	)	$	31,745
Multi-Asset Income Fund
Credit contracts	$	—		$	—	$	—		$	—		$	(97	)	$	(97	)
Equity contracts		378			—		408			—			—			786
Interest rate contracts		(12	)		—		636			—			4,646			5,270
Foreign exchange contracts		(427	)		—		—			(615	)		—			(1,042	)
Total	$	(61	)	$	—	$	1,044		$	(615	)	$	4,549		$	4,917


SEI Institutional Managed Trust / Annual Report / September 30, 2020		377

Notes to Financial Statements/Consolidated Notes to Financial Statements (Continued)

September 30, 2020


Derivatives Not Accounted for as Hedging Instruments	Options			Swaptions		Futures			Forward Foreign Currency Contracts			Swaps			Total
Multi-Asset Inflation Managed Fund
Credit contracts	$	—		$	—	$	—		$	—		$	(3,406	)	$	(3,406	)
Equity contracts		—			—		(147	)		—			—			(147	)
Interest rate contracts		—			306		(420	)		—			(3,066	)		(3,180	)
Foreign exchange contracts		—			—		—			463			—			463
Commodity contracts		381			—		1,356			—			736			2,473
Total	$	381		$	306	$	789		$	463		$	(5,736	)	$	(3,797	)
Multi-Asset Capital Stability Fund
Credit contracts	$	—		$	—	$	—		$	—		$	374		$	374
Equity contracts		—			—		(179	)		—			—			(179	)
Interest rate contracts		(81	)		90		1,066			—			(379	)		696
Foreign exchange contracts		—			—		—			(450	)		—			(450	)
Total	$	(81	)	$	90	$	887		$	(450	)	$	(5	)	$	441

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 September 30, 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	$	11,395	$	13,011	$	10,989	$	18,437	$	3,440
Ending Notional Balance Long		9,484		7,937		12,656		16,275		6,908

	S&P 500 Index Fund		Small Cap Value Fund		Mid-Cap Fund
Futures Contracts:
Equity Contracts
Average Notional Balance Long	$	20,571	$	1,569	$	45
Ending Notional Balance Long		15,858		4,069		181

	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	$	23,499	$	13,486	$	6,523	$	5,468
Ending Notional Balance Long		17,615		12,840		5,978		2,077

	Core Fixed Income Fund		High Yield Bond Fund		Dynamic Asset Allocation Fund		Multi-Strategy Alternative Fund
Futures Contracts:
Equity Contracts
Average Notional Balance Long	$	–	$	–	$	57,071	$	–
Average Notional Balance Short		–		–		25,429		1,334
Ending Notional Balance Long		–		–		32,833		–
Ending Notional Balance Short		–		–		–		1,662
Interest Contracts
Average Notional Balance Long		1,045,988		–		–		–
Average Notional Balance Short		578,600		–		–		–
Ending Notional Balance Long		347,528		–		–		–
Ending Notional Balance Short		596,546		–		–		–
Forward Foreign Currency Contracts:
Average Notional Balance Long		187,594		–		136,238		57,858
Average Notional Balance Short		189,108		–		137,351		57,532
Ending Notional Balance Long		173,401		–		62,533		70,316


378		SEI Institutional Managed Trust / Annual Report / September 30, 2020

Core Fixed Income
Fund

High Yield Bond Fund

Dynamic Asset
Allocation Fund

Multi-Strategy
Alternative Fund

Forward Foreign Currency Contracts: (continued)

Ending Notional Balance Short

174,865

–

62,546

70,289

Swaps:

Total Return Basket Swaps

Average Notional Balance Long

–

10,868

Average Notional Balance Short

–

7,758

Ending Notional Balance Long

–

6,113

Ending Notional Balance Short

–

12,395

Total Return Contracts

Average Notional Balance Long

–

50,064

4,472

Ending Notional Balance Long

–

190

3,871

Ending Notional Balance Short

–

85,761

–

Credit Contracts

Average Notional Balance Long

–

16,783

Average Notional Balance Short

113,938

2,977

–

812

Ending Notional Balance Long

–

18,818

Ending Notional Balance Short

148,058

1,000

–

654

Interest Contracts

Average Notional Balance

386,084

–

5,999

Ending Notional Balance

131,040

–

10,624

Swaptions:

Interest

Average Notional Balance Long^†

–

3,254

–

Average Notional Balance Short^†

–

Ending Notional Balance Long^†

–

5,945

–

Ending Notional Balance Short^†

–

Options:

Equity

Average Notional Balance Long^†

–

125

1,381

Average Notional Balance Short^†

–

930

Ending Notional Balance Long^†

–

841

Ending Notional Balance Short^†

–

361

Interest

Average Notional Balance Long^†

525

–

Average Notional Balance Short^†

1,144

–

Ending Notional Balance Long^†

254

–

Ending Notional Balance Short^†

225

–

Currency

Average Notional Balance Long^†

–

821

–

Multi-Asset
Accumulation Fund

Multi-Asset Income
Fund

Multi-Asset Inflation
Managed Fund

Multi-Asset Capital
Stability Fund

Futures Contracts:

Commodity Contracts

Average Notional Balance Long

349,966

–

120,053

–

Average Notional Balance Short

–

16,852

–

Ending Notional Balance Long

485,736

–

113,624

–

Ending Notional Balance Short

–

14,976

–

Equity Contracts

Average Notional Balance Long

857,239

46,479

–

64,316

Average Notional Balance Short

–

32,258

10,807

Ending Notional Balance Long

789,498

45,703

–

68,285

Ending Notional Balance Short

–

28,986

13,432

Interest Contracts

Average Notional Balance Long

3,185,325

271,482

13,287

96,449

Average Notional Balance Short

–

103,761

114,198

19,997

Ending Notional Balance Long

3,538,998

234,001

8,837

123,866

Ending Notional Balance Short

–

122,699

93,156

15,757


SEI Institutional Managed Trust / Annual Report / September 30, 2020			379

Notes to Financial Statements/Consolidated Notes to Financial Statements (Continued)

September 30, 2020

Multi-Asset
Accumulation Fund

Multi-Asset Income
Fund

Multi-Asset Inflation
Managed Fund

Multi-Asset Capital
Stability Fund

Forward Foreign Currency Contracts:

Average Notional Balance Long

1,200,403

141,452

57,258

213,849

Average Notional Balance Short

1,204,545

141,895

56,854

214,371

Ending Notional Balance Long

859,940

105,693

133,075

202,817

Ending Notional Balance Short

859,654

105,651

132,685

202,677

Swaps:

Total Return Contracts

Average Notional Balance Long

–

40,547

–

Average Notional Balance Short

–

4,018

–

Ending Notional Balance Long

–

16,365

–

Ending Notional Balance Short

–

41,332

–

Credit Contracts

Average Notional Balance Long

–

5,854

101,928

–

Average Notional Balance Short

–

107,597

20,376

22,639

Ending Notional Balance Long

–

3,023

174,772

–

Ending Notional Balance Short

–

83,378

17,088

24,070

Interest Contracts

Average Notional Balance

838,056

105,138

193,626

–

Ending Notional Balance

982,822

620,848

372,794

–

Equity Contracts

Average Notional Balance Long

92,555

–

Ending Notional Balance Long

76,812

–

Commodity Contracts

Average Notional Balance Long

74,797

–

Ending Notional Balance Long

35,974

–

Options:

Equity

Average Notional Balance Long^†

–

680

–

913

Average Notional Balance Short^†

–

3,867

–

770

Ending Notional Balance Long^†

–

495

–

2,477

Ending Notional Balance Short^†

–

3,593

–

2,067

Interest

Average Notional Balance Long^†

–

405

Average Notional Balance Short^†

–

600

Ending Notional Balance Long^†

–

289

–

Ending Notional Balance Short^†

–

1,261

–

Currency

Average Notional Balance Long^†

–

254

743

–

Average Notional Balance Short^†

–

173

261

Ending Notional Balance Long^†

–

1,670

–

Ending Notional Balance Short^†

–

497

–

^† 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


380		SEI Institutional Managed Trust / Annual Report / September 30, 2020

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. Refer to each Funds Statement of Assets and Liabilities or Consolidated Statement of Assets and Liabilities for market value and variation margin of exchange-traded or centrally cleared financial derivative instruments.

Securities with an aggregate market value of $0 ($ Thousands) have been pledged and $226,729 ($ Thousands) in cash has been pledged as collateral for exchange-traded and centrally cleared derivative instruments as of September 30, 2020.

The table below summarizes the collateral pledged by Fund:


	Securities at Aggregate Market Value ($ Thousands)		Cash ($ Thousands)		Total ($ Thousands)
Large Cap Fund	$	–	$	764	$	764
Large Cap Value Fund		–		608		608
Large Cap Growth Fund		–		948		948
Large Cap Index Fund		–		1,199		1,199
Tax-Managed Large Cap Fund		–		582		582
S&P 500 Index Fund		–		1,140		1,140
Small Cap Value Fund		–		319		319
Mid-Cap Fund		–		14		14
U.S. Managed Volatility Fund		–		1,272		1,272
Global Managed Volatility Fund		–		927		927
Tax-Managed Managed Volatility Fund		–		456		456
Tax-Managed International Managed Volatility Fund		–		192		192
Core Fixed Income Fund		–		7,512		7,512
High Yield Bond Fund		–		526		526
Dynamic Asset Allocation Fund		–		3,368		3,368
Multi-Strategy Alternative Fund		–		31,671		31,671
Multi-Asset Accumulation Fund		–		88,876		88,876
Multi-Asset Income Fund		–		49,765		49,765
Multi-Asset Inflation Managed Fund		–		15,810		15,810
Multi-Asset Capital Stability Fund		–		12,522		12,522

Total	$	–	$	226,729	$	226,729

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.


SEI Institutional Managed Trust / Annual Report / September 30, 2020		381

Notes to Financial Statements/Consolidated Notes to Financial Statements (Continued)

September 30, 2020

The following is a summary by counterparty of the market value of OTC financial derivative instruments and collateral (received)/pledged as of September 30, 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		$ 2,269		$ —		$ —		$ 2,269		$ (50)		$ —		$ —		$ —		$ (50)		$ 2,219		$ —		$ 2,219



Total Over the Counter		$ 2,269		$ —		$ —		$ 2,269		$ (50)		$ —		$ —		$ —		$ (50)

	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		$ 707		$ —		$ —		$ 707		$ (2,463)		$ —		$ —		$ —		$ (2,463)		$(1,756)		$ —		$(1,756)

Citigroup		201		—		—		201		(219)		—		—		—		(219)		(18)		—		(18)

Goldman Sachs		535		—		—		535		(263)		—		—		—		(263)		272		—		272

Morgan Stanley		46		—		—		46		(8)		—		—		—		(8)		38		—		38


Total Over the Counter		$ 1,489		$ —		$ —		$ 1,489		$ (2,953)		$ —		$ —		$ —		$ (2,953)

	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		$ 14		$ 7,937		$ —		$ 7,951		$ (26)		$ —		$ —		$ —		$ (26)		$ 7,925		$ (4,177)		$ 3,748

BNP Paribas		—		—		1,342		1,342		—		—		(1,454)		—		(1,454)		(112)		112		—


Total Over the Counter		$ 14		$ 7,937		$ 1,342		$ 9,293		$ (26)		$ —		$ (1,454)		$ —		$ (1,480)

	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		$ —		$ —		$ 78		$ 78		$ —		$ (13)		$ —		$ —		$ (13)		$ 65		$ —		$ 65

Barclays PLC		3		—		—		3		(3)		—		—		—		(3)		—		—		—

BNYMellon		44		—		—		44		(7)		—		—		—		(7)		37		—		37

Citi		3		—		—		3		(56)		—		—		—		(56)		(53)		—		(53)

Deutsche Bank		22		—		—		22		(11)		—		(103)		—		(114)		(92)		92		—

Goldman Sachs		195		—		85		280		(186)		—		(38)		—		(224)		56		—		56

HSBC		42		—		—		42		(33)		—		—		—		(33)		9		—		9

JPMorgan Chase Bank		111		—		—		111		(55)		—		—		—		(55)		56		—		56

Merrill Lynch		2		—		—		2		(9)		—		—		—		(9)		(7)		7		—

Montgomery/Bank of America		7		—		—		7		(46)		—		—		—		(46)		(38)		—		(38)

Morgan Stanley		95		—		212		307		(28)		—		(242)		—		(270)		37		—		37

State Street		116		—		—		116		(123)		—		—		—		(123)		(7)		—		(7)

TD Bank		4		—		—		4		(9)		—		—		—		(9)		(5)		—		(5)

UBS		—		—		—		—		(63)		—		—		—		(63)		(63)		—		(63)

Westpac Banking		10		—		—		10		(9)		—		—		—		(9)		1		—		1


Total Over the Counter		$ 654		$ —		$ 374		$ 1,028		$ (637)		$ (13)		$ (384)		$ —		$ (1,034)

	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		$ —		$ —		$ 9		$ 9		$ —		$ —		$ —		$ —		$ —		$ 9		$ —		$ 9

Bank of New York		—		—		—		—		(171)		—		—		—		(171)		(171)		—		(171)

Barclays PLC		—		—		—		—		(259)		—		—		—		(259)		(259)		—		(259)

Citibank		—		—		2,314		2,314		—		—		(596)		—		(596)		1,718		—		1,718


382		SEI Institutional Managed Trust / Annual Report / September 30, 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		2,724		—		—		2,724		(1,333)		—		—		—		(1,333)		1,391		—		1,391

JPMorgan Chase Bank		2,715		—		13		2,728		(1,321)		—		(279)		—		(1,600)		1,128		—		1,128

Merrill Lynch		—		—		516		516		—		—		(92)		—		(92)		424		—		424

State Street		—		—		—		—		(2,069)		—		—		—		(2,069)		(2,069)		—		(2,069)


Total Over the Counter		$ 5,439		$ —		$ 2,852		$ 8,291		$ (5,153)		$ —		$ (967)		$ —		$ (6,120)

	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⁾


BNP Paribas		$ 172		$ —		$ —		$ 172		$ (585)		$ —		$ —		$ —		$ (585)		$ (413)		$ —		$ (413)

Citibank		—		—		—		—		—		—		(62)		—		(62)		(62)		—		(62)

Citigroup		151		—		—		151		(100)		—		—		—		(100)		51		—		51

Credit Suisse First Boston		5		—		—		5		—		—		—		—		—		5		—		5

Goldman Sachs		400		—		—		400		(96)		—		—		—		(96)		304		—		304

JPMorgan Chase Bank		145		—		—		145		(50)		—		(14)		—		(64)		81		(81)		—

Morgan Stanley		—		—		—		—		(1)		—		—		—		(1)		(1)		1		—

RBC		—		—		—		—		(12)		—		—		—		(12)		(12)		—		(12)

Standard Bank		13		—		—		13		—		—		—		—		—		13		—		13


Total Over the Counter		$ 886		$ —		$ —		$ 886		$ (844)		$ —		$ (76)		$ —		$ (920)

	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		$ 188		$ —		$ —		$ 188		$ (35)		$ —		$ —		$ —		$ (35)		$ 153		—		153

Barclays PLC		58		—		—		58		(17)		—		(271)		—		(288)		(230)		—		(230)

BNP Paribas		—		—		—		—		—		—		—		—		—		—		—		—

Brown Brothers Harriman		7		—		—		7		(23)		—		—		—		(23)		(16)		—		(16)

CGG		—		—		—		—		—		—		(85)		—		(85)		(85)		—		(85)

Chase Securities		—		—		—		—		—		—		—		(234,551)		(234,551)		(234,551)		—		(234,551)

Citibank		—		—		2,402		2,402		—		—		(2,071)		—		(2,071)		331		0		331

Citigroup		4		—		—		4		(2)		—		—		—		(2)		2		—		2

Credit Suisse		—		—		—		—		—		—		(550)		—		(550)		(550)		110		(440)

Deutsche Bank		18		—		—		18		—		—		(853)		—		(853)		(835)		—		(835)

Goldman Sachs		313		—		136		449		(53)		—		(1,567)		—		(1,620)		(1,171)		—		(1,171)

HSBC		—		—		—		—		(29)		—		—		—		(29)		(29)		—		(29)

JPMorgan Chase		—		285		48		333		(10)		(951)		(324)		—		(1,285)		(952)		—		(952)

Macquarie Bank Limited		—		—		21		21		—		—		(24)		—		(24)		(3)		3		—

Merrill Lynch		—		—		20		20		—		—		(23)		—		(23)		(3)		—		(3)

Morgan Stanley		1		—		218		219		(57)		—		—		—		(57)		162		—		162

Societe Generale		—		—		35		35		—		—		(14)		—		(14)		21		—		21

Standard Bank		124		—		—		124		(97)		—		—		—		(97)		27		—		27


Total Over the Counter		$ 713		$ 285		$ 2,880		$ 3,878		$ (323)		$ (951)		$ (5,782)		$ (234,551)		$ (241,587)


SEI Institutional Managed Trust / Annual Report / September 30, 2020		383

Notes to Financial Statements/Consolidated Notes to Financial Statements (Continued)

September 30, 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		$ —		$ —		$ —		$ —		$ (12)		$ —		$ —		$ —		$ (12)		$ (12)		$ —		$ (12)

Bank of America		55		—		—		55		(32)		—		—		—		(32)		23		—		23

Barclays PLC		70		—		—		70		(126)		—		—		—		(126)		(56)		—		(56)

BNP Paribas		27		—		—		27		(3)		—		—		—		(3)		24		—		24
Brown Brothers Harriman		83		—		—		83		(97)		—		—		—		(97)		(14)		—		(14)

Citigroup		109		—		—		109		(33)		—		—		—		(33)		76		—		76

Credit Suisse		82		—		—		82		(35)		—		—		—		(35)		47		—		47
Deutsche Bank		2		—		—		2		—		—		—		—		—		2		—		2

Goldman Sachs		74		—		—		74		(155)		—		—		—		(155)		(81)		—		(81)

HSBC		70		—		—		70		(21)		—		—		—		(21)		49		—		49
JPMorgan Chase Bank		49		—		—		49		(60)		—		—		—		(60)		(11)		—		(11)
Morgan Stanley		50		—		—		50		—		—		—		—		—		50		—		50

RBS		34		—		—		34		(7)		—		—		—		(7)		27		—		27

Societe Generale		—		—		—		—		(5)		—		—		—		(5)		(5)		—		(5)
Standard Bank		18		—		—		18		(21)		—		—		—		(21)		(3)		—		(3)

UBS		41		—		—		41		(17)		—		—		—		(17)		24		—		24


Total Over the Counter		$ 764		$ —		$ —		$ 764		$ (624)		$ —		$ —		$ —		$ (624)

(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 $ 174,652 ($ Thousands) have been pledged, and $ 42,762 ($ Thousands) in cash as collateral for financial derivative instruments. Securities with an aggregate market value of 3,148 ($ Thousands) have been received as governed by International Swaps and Derivatives Association, Inc. master agreements as of September 30, 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 Dynamic Asset Allocation Fund, 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 Dynamic Asset Allocation Fund, Multi-Asset Accumulation Fund, and Multi-Asset Inflation Managed Fund may each invest up to 25% of their total assets in its respective Subsidiary.

A summary of the Funds’ investments in the Subsidiaries are as follows:



	Inception Date of Subsidiary	Subsidiary Net Assets at September 30, 2020 ($ Thousands)	% of Total Net Assets at September 30, 2020

Dynamic Commodity Strategy Subsidiary, Ltd.	March 28, 2018	$ 30,357	4.0%

Accumulation Commodity Strategy Subsidiary, Ltd.	April 9, 2012	434,066	16.6%

Inflation Commodity Strategy Subsidiary Ltd.	April 9, 2012	148,191	19.0%


384		SEI Institutional Managed Trust / Annual Report / September 30, 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	$	181		$	7,090		$	1,688

Net Realized Gain (Loss) on:

Investments		8,296			210			390

Futures Contracts		8,524			(63,329	)		(7,616	)

Swap Contracts		12,866			(1,917	)		(4,616	)

Options		—			—			(443	)

Net Change in Unrealized Appreciation (Depreciation) on:

Investments		(2,917	)		3,244			198

Futures Contracts		334			6,031			1,058

Swap Contracts		(112	)		2,243			1,010

Options		—			—			382

Foreign Currency and Translation of Other Assets and Liabilities Denominated in Foreign Currency		—			—			—


Total gains and losses attributed to the Funds’ investment in Subsidiaries	$	27,172		$	(46,428	)	$	(7,949	)

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


SEI Institutional Managed Trust / Annual Report / September 30, 2020		385

Notes to Financial Statements/Consolidated Notes to Financial Statements (Continued)

September 30, 2020

the Funds’ trades may be executed through the Funds’

distributor, and a portion of the commissions paid on those trades are then used to pay the Funds’ expenses.

The following is a summary of annual fees payable to the Adviser and Distributor and the contractual and voluntary expense limitations for each fund:



			Shareholder				Voluntary
	Advisory		Servicing		Administrative		Expense
	Fees		Fee		Servicing Fee		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%

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%


386		SEI Institutional Managed Trust / Annual Report / September 30, 2020



			Shareholder				Voluntary
	Advisory		Servicing		Administrative		Expense
	Fees		Fee		Servicing Fee		Limitation


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⁾⁽⁴⁾

Class F		1.5000%		0.25%		—		1.35%

Class Y		1.5000%		—		—		1.20%

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 1.21% and 0.96% for Class F and Class Y, respectively.

(4) Prior to March 31, 2020, the expense limitation was 1.26% and 1.01% 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%
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%


SEI Institutional Managed Trust / Annual Report / September 30, 2020		387

Notes to Financial Statements/Consolidated Notes to Financial Statements (Continued)

September 30, 2020


	First $1.5 Billion	Next $500 Million	Next $500 Million	Next $500 Million	Over $3 Billion
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%

	First $2 Billion	Next $500 Million	Next $500 Million	Over $3 Billion
S&P 500 Index Fund	0.220%	0.2100%	0.1650%	0.120%

As of September 30, 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

Brandywine Global Investment Management, LLC

LSV Asset Management*

Parametric Portfolio Associates LLC

Schafer 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

Schafer 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

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

ArrowMark Colorado Holdings LLC

EAM Investors LLC

Jackson Creek Investment Advisory, 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

LSV Asset Management*

Parametric Portfolio Associates LLC

Wells Capital Management, Inc.

Real Estate Fund


388		SEI Institutional Managed Trust / Annual Report / September 30, 2020

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

Global Credit Advisers, 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 year ended September 30, 2020 were as follows ($ Thousands):


Real Estate Fund		$ 18

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 year ended September 30, 2020 were as follows ($ Thousands):


Large Cap Fund	$	498
Large Cap Value Fund		432
Tax-Managed Large Cap Fund		702
Small Cap Value Fund		566
U.S. Managed Volatility Fund		2,240
Tax-Managed Managed Volatility Fund		1,731
Tax-Managed International Managed Volatility Fund		448

	$	6,617

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.

On May 29, 2020, SIMC made a capital contribution to the S&P 500 Index Fund in the amount of $221,168. The capital contribution offset the Fund’s performance deviation from its benchmark that resulted from losses incurred by the Fund as a result of an operational error.

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


SEI Institutional Managed Trust / Annual Report / September 30, 2020		389

Notes to Financial Statements/Consolidated Notes to Financial Statements (Continued)

September 30, 2020

effect on the Funds’ expense ratio, as a percentage of the Funds’ average daily net assets for the year ended September 30, 2020, can be found on the Statements of Operations or Consolidated Statements of Operations and Financial Highlights or Consolidated Financial Highlights, respectively.

Investment in Affiliated Security — The Funds may invest in the SEI Daily Income Trust Government Fund an affiliated money market fund to manage excess cash or to serve as margin or collateral for derivative positions. Additionally, the Funds may invest the cash collateral from the securities lending program in the SEI Liquidity Fund, L.P.

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 year ended September 30, 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
Large Cap Growth Fund	09/29/20	09/30/20	7,835	–	1.09%
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%
High Yield Bond Fund	09/25/20	09/28/20	36,828	3	1.11%
High Yield Bond Fund	09/28/20	09/29/20	36,982	1	1.09%
High Yield Bond Fund	09/29/20	09/30/20	20,837	1	1.09%
High Yield Bond Fund ⁽¹⁾	09/30/20	10/01/20	11,094	–	1.09%

(1)	Loan outstanding as of September 30, 2020. Refer to each Fund’s Statement of Assets and Liabilities or Consolidated Statement of Assets and liabilities for details.

7. CAPITAL SHARE TRANSACTIONS

Capital share transactions for the Funds were as follows (Thousands):

For the year ended September 30, 2020 and the year ended September 30, 2019.


	Large Cap Fund		Large Cap Value Fund		Large Cap Growth Fund		Large Cap Index Fund

	2020	2019	2020	2019	2020	2019	2020	2019

Class F:

Shares Issued	19,770	22,876	13,171	7,825	5,520	5,799	36,737	26,747

Shares Issued in Lieu of Dividends and Distributions	10,606	21,742	1,936	5,345	1,962	4,746	847	538

Shares Redeemed	(45,866)	(42,937)	(11,749)	(11,012)	(13,378)	(9,338)	(21,854)	(6,611)


Total Increase (Decrease) in Net Assets Derived from Class F Transactions	(15,490)	1,681	3,358	2,158	(5,896)	1,207	15,730	20,674

Class I:

Shares Issued	–	–	30	20	15	8	–	–

Shares Issued in Lieu of Dividends and Distributions	–	–	4	16	3	11	–	–

Shares Redeemed	–	–	(43)	(74)	(20)	(42)	–	–


Total Decrease in Net Assets Derived from Class I Transactions	–	–	(9)	(38)	(2)	(23)	–	–

Class Y:

Shares Issued	2,522	2,661	1,770	1,462	574	982	–	–

Shares Issued in Lieu of Dividends and Distributions	676	1,293	266	604	249	468	–	–

Shares Redeemed	(5,250)	(3,116)	(1,140)	(989)	(1,444)	(540)	–	–


Total Increase (Decrease) in Net Assets Derived from Class Y Transactions	(2,052)	838	896	1,077	(621)	910	–	–


Increase (Decrease) in Capital Shares	(17,542)	2,519	4,245	3,197	(6,519)	2,094	15,730	20,674


	Tax-Managed Large Cap Fund		S&P 500 Index Fund		Small Cap Fund		Small Cap Value Fund

	2020	2019	2020	2019	2020	2019	2020	2019

Class F:


390		SEI Institutional Managed Trust / Annual Report / September 30, 2020



	Tax-Managed Large Cap Fund		S&P 500 Index Fund		Small Cap Fund		Small Cap Value Fund

	2020	2019	2020	2019	2020	2019	2020	2019


Shares Issued	12,957	13,184	3,570	2,096	9,106	8,784	4,242	2,612

Shares Issued in Lieu of Dividends and Distributions	9,970	2,267	507	457	97	6,810	164	1,413

Shares Redeemed	(28,052)	(23,199)	(4,894)	(3,693)	(12,475)	(13,777)	(3,058)	(3,858)


Total Increase (Decrease) in Net Assets Derived from Class F Transactions	(5,125)	(7,748)	(817)	(1,140)	(3,272)	1,817	1,348	167

Class I:

Shares Issued	–	–	23	20	–	–	32	13

Shares Issued in Lieu of Dividends and Distributions	–	–	2	2	–	–	1	10

Shares Redeemed	–	–	(33)	(37)	–	–	(46)	(32)


Total Decrease in Net Assets Derived from Class I Transactions	–	–	(8)	(15)	–	–	(13)	(9)

Class Y:

Shares Issued	2,302	4,633	–	–	1,112	979	1,385	566

Shares Issued in Lieu of Dividends and Distributions	1,341	287	–	–	13	377	32	182

Shares Redeemed	(4,914)	(2,091)	–	–	(1,723)	(919)	(888)	(221)


Total Increase (Decrease) in Net Assets Derived from Class Y Transactions	(1,271)	2,829	–	–	(598)	437	529	527


Increase (Decrease) in Capital Shares	(6,396)	(4,919)	(825)	(1,155)	(3,870)	2,254	1,864	685


	Small Cap Growth Fund		Tax-Managed Small/Mid Cap Fund		Mid-Cap Fund		U.S. Managed Volatility Fund

	2020	2019	2020	2019	2020	2019	2020	2019

Class F:

Shares Issued	1,601	1,650	5,442	4,881	1,161	1,002	11,619	10,963

Shares Issued in Lieu of Dividends and Distributions	280	1,257	781	2,892	84	464	2,083	5,700

Shares Redeemed	(2,173)	(2,676)	(8,643)	(7,370)	(2,512)	(1,886)	(17,758)	(15,224)


Total Increase (Decrease) in Net Assets Derived from Class F Transactions	(292)	231	(2,420)	403	(1,267)	(420)	(4,056)	1,439

Class I:

Shares Issued	9	7	–	–	2	3	4	6

Shares Issued in Lieu of Dividends and Distributions	1	8	–	–	1	4	3	8

Shares Redeemed	(16)	(20)	–	–	(7)	(6)	(4)	(2)


Total Increase (Decrease) in Net Assets Derived from Class I Transactions	(6)	(5)	–	–	(4)	1	3	12

Class Y:

Shares Issued	140	247	1,237	1,405	61	32	21,608	21,016

Shares Issued in Lieu of Dividends and Distributions	31	113	114	315	3	13	2,561	4,857

Shares Redeemed	(219)	(113)	(1,676)	(591)	(59)	(43)	(22,059)	(10,515)


Total Increase (Decrease) in Net Assets Derived from Class Y Transactions	(48)	247	(325)	1,129	5	2	2,110	15,358


Increase (Decrease) in Capital Shares	(346)	473	(2,745)	1,532	(1,266)	(417)	(1,943)	16,809


	Global Managed Volatility Fund		Tax-Managed Managed Volatility Fund		Tax-Managed International Managed Volatility Fund		Real Estate Fund

	2020	2019	2020	2019	2020	2019	2020	2019

Class F:

Shares Issued	21,044	19,429	8,885	9,626	9,224	8,345	1,151	1,250

Shares Issued in Lieu of Dividends and Distributions	4,305	8,609	1,934	2,427	754	728	478	488

Shares Redeemed	(30,049)	(33,529)	(16,483)	(14,856)	(9,742)	(9,446)	(2,210)	(1,569)


Total Increase (Decrease) in Net Assets Derived from Class F Transactions	(4,700)	(5,491)	(5,664)	(2,803)	236	(373)	(581)	169

Class I:

Shares Issued	4	5	–	–	–	–	1	1

Shares Issued in Lieu of Dividends and Distributions	5	11	–	–	–	–	2	3

Shares Redeemed	(10)	(24)	–	–	–	–	(4)	(8)


Total Decrease in Net Assets Derived from Class I Transactions	(1)	(8)	–	–	–	–	(1)	(4)

Class Y:

Shares Issued	5,982	5,399	1,091	1,642	4,049	2,456	436	224

Shares Issued in Lieu of Dividends and Distributions	1,116	1,906	183	198	104	67	190	198


SEI Institutional Managed Trust / Annual Report / September 30, 2020		391

Notes to Financial Statements/Consolidated Notes to Financial Statements (Continued)

September 30, 2020


	Global Managed Volatility Fund						Tax-Managed Managed Volatility Fund						Tax-Managed International Managed Volatility Fund						Real Estate Fund
	2020			2019			2020			2019			2020			2019			2020			2019

Shares Redeemed		(12,549	)		(7,427	)		(1,685	)		(1,424	)		(2,880	)		(826	)		(1,487	)		(535	)

Total Increase (Decrease) in Net Assets Derived from Class Y Transactions		(5,451	)		(122	)		(411	)		416			1,273			1,697			(861	)		(113	)

Increase (Decrease) in Capital Shares		(10,152	)		(5,621	)		(6,075	)		(2,387	)		1,509			1,324			(1,443	)		52

	Core Fixed Income Fund						High Yield Bond Fund						Conservative Income Fund						Tax-Free Conservative Income Fund
	2020			2019			2020			2019			2020			2019			2020			2019
Class F:

Shares Issued		65,128			57,929			57,145			55,885			28,549			20,692			13,025			6,060

Shares Issued in Lieu of Dividends and Distributions		9,644			8,578			11,798			13,337			180			388			89			173

Shares Redeemed		(79,515	)		(75,678	)		(83,344	)		(68,200	)		(19,744	)		(19,148	)		(8,070	)		(6,229	)

Total Increase (Decrease) in Net Assets Derived from Class F Transactions		(4,743	)		(9,171	)		(14,401	)		1,022			8,985			1,932			5,044			4
Class I:

Shares Issued		45			267			14			5,899			–			–			–			–

Shares Issued in Lieu of Dividends and Distributions		9			8			4			5			–			–			–			–

Shares Redeemed		(104	)		(414	)		(1,745	)		(4,191	)		–			–			–			–

Total Increase (Decrease) in Net Assets Derived from Class I Transactions		(50	)		(139	)		(1,727	)		1,713			–			–			–			–
Class Y:

Shares Issued		8,946			8,411			8,535			5,701			1,577			1,292			103			2,477

Shares Issued in Lieu of Dividends and Distributions		1,252			1,115			1,725			1,820			22			57			8			26

Shares Redeemed		(10,485	)		(7,982	)		(10,104	)		(5,585	)		(1,686	)		(1,787	)		(1,207	)		(1,942	)

Total Increase (Decrease) in Net Assets Derived from Class Y Transactions		(287	)		1,544			156			1,936			(87	)		(438	)		(1,096	)		561

Increase (Decrease) in Capital Shares		(5,080	)		(7,766	)		(15,972	)		4,671			8,898			1,494			3,948			565

	Real Return Fund						Dynamic Asset Allocation Fund						Multi-Strategy Alternative Fund						Multi-Asset Accumulation Fund
	2020			2019			2020			2019			2020			2019			2020			2019
Class F:

Shares Issued		7,010			4,947			7,757			8,850			8,091			8,335			37,978			36,812

Shares Issued in Lieu of Dividends and Distributions		102			491			824			1,119			447			2,184			29,563			8,008

Shares Redeemed		(6,958	)		(6,717	)		(15,116	)		(15,632	)		(11,232	)		(11,839	)		(64,513	)		(65,271	)

Total Increase (Decrease) in Net Assets Derived from Class F Transactions		154			(1,279	)		(6,535	)		(5,663	)		(2,694	)		(1,320	)		3,028			(20,451	)
Class Y:

Shares Issued		830			1,250			783			1,150			115			646			4,493			3,908

Shares Issued in Lieu of Dividends and Distributions		13			49			65			132			11			27			2,615			757

Shares Redeemed		(1,226	)		(545	)		(3,380	)		(1,875	)		(300	)		(240	)		(7,942	)		(7,121	)

Total Increase (Decrease) in Net Assets Derived from Class Y Transactions		(383	)		754			(2,532	)		(593	)		(174	)		433			(834	)		(2,456	)

Increase (Decrease) in Capital Shares		(229	)		(525	)		(9,067	)		(6,256	)		(2,868	)		(887	)		2,194			(22,907	)

	Multi-Asset Income Fund						Multi-Asset Inflation Managed Fund						Multi-Asset Capital Stability Fund
	2020			2019			2020			2019			2020			2019
Class F:
Shares Issued		16,977			13,813			17,607			16,008			24,067			15,397
Shares Issued in Lieu of Dividends and Distributions		2,444			2,342			1,325			1,707			1,895			287
Shares Redeemed		(22,124	)		(19,246	)		(21,968	)		(22,661	)		(20,628	)		(17,719	)
Total Increase (Decrease) in Net Assets Derived from Class F Transactions		(2,703	)		(3,091	)		(3,036	)		(4,946	)		5,334			(2,035	)
Class Y:
Shares Issued		3,925			2,450			1,308			1,575			1,457			1,096
Shares Issued in Lieu of Dividends and Distributions		568			563			108			146			166			27
Shares Redeemed		(4,207	)		(4,934	)		(2,427	)		(2,460	)		(1,540	)		(952	)
Total Increase (Decrease) in Net Assets Derived from Class Y Transactions		286			(1,921	)		(1,011	)		(739	)		83			171
Increase (Decrease) in Capital Shares		(2,417	)		(5,012	)		(4,047	)		(5,685	)		5,417			(1,864	)

392

SEI Institutional Managed Trust / Annual Report / September 30, 2020

8. INVESTMENT TRANSACTIONS

The cost of security purchases and proceeds from the sale of securities, other than temporary cash investments, during the year ended September 30, 2020, were as follows:


	U.S. Gov’t ($ Thousands)		Other ($ Thousands)		Total ($ Thousands)
Large Cap Fund
Purchases	$	—	$	1,354,640	$	1,354,640
Sales		—		1,728,657		1,728,657
Large Cap Value Fund
Purchases		—		877,076		877,076
Sales		—		814,639		814,639
Large Cap Growth Fund
Purchases		—		885,262		885,262
Sales		—		1,221,172		1,221,172
Large Cap Index Fund
Purchases		—		217,634		217,634
Sales		—		45,715		45,715
Tax-Managed Large Cap Fund
Purchases		—		1,547,234		1,547,234
Sales		—		1,948,906		1,948,906
S&P 500 Index Fund
Purchases		—		156,503		156,503
Sales		—		238,875		238,875
Small Cap Fund
Purchases		—		827,969		827,969
Sales		—		865,106		865,106
Small Cap Value Fund
Purchases		—		221,959		221,959
Sales		—		191,394		191,394
Small Cap Growth Fund
Purchases		—		568,159		568,159
Sales		—		592,137		592,137
Tax-Managed Small/Mid Cap Fund
Purchases		—		746,398		746,398
Sales		—		858,214		858,214
Mid-Cap Fund
Purchases		—		92,217		92,217
Sales		—		118,163		118,163
U.S. Managed Volatility Fund
Purchases		—		1,294,264		1,294,264
Sales		—		1,342,499		1,342,499
Global Managed Volatility Fund
Purchases		—		981,586		981,586
Sales		—		1,122,264		1,122,264
Tax-Managed Managed Volatility Fund
Purchases		—		261,474		261,474
Sales		—		371,667		371,667
Tax-Managed International Managed Volatility Fund
Purchases		—		312,066		312,066
Sales		—		286,124		286,124
Real Estate Fund
Purchases		—		134,472		134,472
Sales		—		162,102		162,102
Core Fixed Income Fund
Purchases		12,620,096		2,660,560		15,280,656
Sales		12,974,656		2,576,123		15,550,779


	U.S. Gov’t ($ Thousands)		Other ($ Thousands)		Total ($ Thousands)
High Yield Bond Fund
Purchases		697		1,156,797		1,157,494
Sales		682		1,211,614		1,212,296
Conservative Income Fund
Purchases		—		—		—
Sales		—		—		—
Tax-Free Conservative Income Fund
Purchases		—		—		—
Sales		—		—		—
Real Return Fund
Purchases		105,241		—		105,241
Sales		109,323		—		109,323
Dynamic Asset Allocation Fund
Purchases		—		127,745		127,745
Sales		—		255,490		255,490
Multi-Strategy Alternative Fund
Purchases		—		1,699,275		1,699,275
Sales		—		1,662,743		1,662,743
Multi-Asset Accumulation Fund
Purchases		317,017		1,090,418		1,407,435
Sales		639,516		917,528		1,557,044
Multi-Asset Income Fund
Purchases		652,466		514,330		1,166,796
Sales		682,017		568,114		1,250,131
Multi-Asset Inflation Managed Fund
Purchases		295,244		151,618		446,862
Sales		400,725		109,412		510,137
Multi-Asset Capital Stability Fund
Purchases		165,386		73,721		239,107
Sales		194,813		63,268		258,081

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 Dynamic Commodity Strategy, Multi-Asset Accumulation and Multi-Asset Inflation Managed Funds have secured an opinion

SEI Institutional Managed Trust / Annual Report / September 30, 2020

393

Notes to Financial Statements/Consolidated Notes to Financial Statements (Continued)

September 30, 2020

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, 2020, except for the permanent reclassification and tax character of distributions, which are as of December 31, 2019. 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, 2020.

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.

The permanent differences are primarily attributable to different treatment for gains and losses on paydowns of mortgage and asset backed securities for tax purposes, defaulted bond basis adjustments, reclassification of long term capital gain distributions on REIT securities, reclassification of income and expense from swap transactions, Treasury Infiation-Protected Securities and net operating losses, basis adjustments for investments in partnerships, and gains and losses on passive foreign investment companies, expiration of capital loss carryforwards, collateralized loan obligation basis adjustments, utilization of earnings and profits on shareholder redemptions, certain foreign currency related transactions, payment of excise tax, and non-taxable in-kind redemptions. The permanent differences that is charged or credited to Paid In Capital and Distributable Earnings are primarily related to equalization deemed distribution, net operating losses and distribution in excess of net investment income have been reclassified to/from the following accounts as of September 30, 2020:


	Distributable Earnings (Loss) ($Thousands)			Paid-in- Capital ($ Thousands)
S&P 500 Index Fund		(6,610	)		6,610
Small Cap Growth Fund		1,530			(1,530	)
Core Fixed Income Fund		175			(175	)

These reclassifications had no impact on net assets or net asset value per share.

The tax character of dividends and distributions paid during the fiscal years or periods ended September 30, 2020 or September 30, 2019 (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
	2020	$	30,110	$	138,016	$	—	$	—	$	168,126
	2019		63,187		249,425		—		—		312,612
Large Cap Value Fund
	2020		27,594		24,141		—		—		51,735
	2019		38,436		101,919		—		—		140,355
Large Cap Growth Fund
	2020		3,649		82,982		—		—		86,631
	2019		26,844		148,720		—		—		175,564
Large Cap Index Fund
	2020		8,948		351		—		—		9,299
	2019		5,225		226		—		—		5,451
Tax-Managed Large Cap Fund
	2020		50,899		294,034		—		—		344,933
	2019		45,630		27,405		—		—		73,035
S&P 500 Index Fund
	2020		14,528		24,598		—		—		39,126
	2019		17,279		14,403		—		—		31,682
Small Cap Fund
	2020		1,132		—		35		—		1,167

394

SEI Institutional Managed Trust / Annual Report / September 30, 2020


		Ordinary Income ($ Thousands)		Long-term Capital Gain ($ Thousands)		Return of Capital ($ Thousands)		Tax Exempt Income ($ Thousands)		Total ($ Thousands)
	2019	$	27,739	$	51,099	$	—	$	—	$	78,838
Small Cap Value Fund
	2020		3,780		—		—		—		3,780
	2019		9,854		24,382		—		—		34,236
Small Cap Growth Fund
	2020		—		11,363		—		—		11,363
	2019		9,428		36,322		—		—		45,750
Tax-Managed Small/Mid Cap Fund
	2020		3,010		18,580		—		—		21,590
	2019		4,292		66,298		—		—		70,590
Mid-Cap Fund
	2020		1,139		1,401		—		—		2,540
	2019		4,906		8,115		—		—		13,021
U.S. Managed Volatility Fund
	2020		33,108		53,884		—		—		86,992
	2019		46,210		140,953		—		—		187,163
Global Managed Volatility Fund
	2020		32,195		36,904		—		—		69,099
	2019		35,198		86,795		—		—		121,993
Tax-Managed Managed Volatility Fund
	2020		16,585		25,458		—		—		42,043
	2019		17,492		30,837		—		—		48,329
Tax-Managed International Managed Volatility Fund
	2020		11,126		—		—		—		11,126
	2019		8,922		—		—		—		8,922
Real Estate Fund
	2020		4,524		6,547		—		—		11,071
	2019		1,882		9,180		—		—		11,062
Core Fixed Income Fund
	2020		139,848		—		—		—		139,848
	2019		118,680		—		—		—		118,680
High Yield Bond Fund
	2020		98,605		—		—		—		98,605
	2019		115,162		—		—		—		115,162
Conservative Income Fund
	2020		2,635		—		—		—		2,635
	2019		6,029		—		—		—		6,029
Tax-Free Conservative Income Fund
	2020		—		—		7		1,199		1,206
	2019		—		5		—		2,440		2,445
Real Return Fund
	2020		1,379		—		—		—		1,379
	2019		6,427		—		—		—		6,427
Dynamic Asset Allocation Fund
	2020		13,342		—		—		—		13,342
	2019		14,835		—		—		—		14,835
Multi-Strategy Alternative Fund
	2020		4,831		—		—		—		4,831
	2019		8,425		14,279		—		—		22,704
Multi-Asset Accumulation Fund
	2020		207,206		128,753		—		—		335,959
	2019		77,546		7,028		—		—		84,574
Multi-Asset Income Fund
	2020		37,096		—		—		—		37,096
	2019		35,715		—		—		—		35,715
Multi-Asset Inflation Managed Fund

SEI Institutional Managed Trust / Annual Report / September 30, 2020

395

Notes to Financial Statements/Consolidated Notes to Financial Statements (Continued)

September 30, 2020


		Ordinary Income ($ Thousands)		Long-term Capital Gain ($ Thousands)		Return of Capital ($ Thousands)		Tax Exempt Income ($ Thousands)		Total ($ Thousands)
	2020	$	12,952	$	—	$	—	$	—	$	12,952
	2019		16,073		—		—		—		16,073
Multi-Asset Capital Stability Fund
	2020		24,566		1,679		—		—		26,245
	2019		3,823		—		—		—		3,823

As of September 30, 2020, 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	$	4,091	$	41,245	$	—	$	—		$	—		$	—		$	539,556		$	(7	)	$	584,885
Large Cap Value Fund		11,826		—		—		—			(50,305	)		—			111,577			(4	)		73,094
Large Cap Growth Fund		5,554		128,928		—		—			—			—			767,396			(2	)		901,876
Large Cap Index Fund		2,069		—		—		—			(2,936	)		—			106,169			—			105,302
Tax-Managed Large Cap Fund		8,901		55,586		—		—			—			—			1,965,007			4			2,029,498
S&P 500 Index Fund		2,465		37,716		—		—			—			—			556,649			14			596,844
Small Cap Fund		—		—		—		(18,476	)		(15,828	)		—			32,534			(2	)		(1,772	)
Small Cap Value Fund		933		—		—		(9,305	)		(15,219	)		—			(17,206	)		(3	)		(40,800	)
Small Cap Growth Fund		—		—		—		(795	)		(4,483	)		(1,178	)		35,257			2			28,803
Tax-Managed Small/Mid Cap Fund		120		—		—		(7,116	)		(16,115	)		—			216,246			3			193,138
Mid-Cap Fund		202		—		—		(978	)		(5,296	)		—			5,460			(2	)		(614	)
U.S. Managed Volatility Fund		4,767		688		—		—			(7,243	)		—			178,619			2			176,833
Global Managed Volatility Fund		2,371		—		—		—			(3,346	)		—			91,908			1			90,934
Tax-Managed Managed Volatility Fund		2,402		7,103		—		—			—			—			374,143			(1	)		383,647
Tax-Managed International Managed
Volatility Fund		5,007		—		—		(28,140	)		(20,772	)		—			40,997			1			(2,907	)
Real Estate Fund		—		—		—		—			—			—			5,812			(4	)		5,808
Core Fixed Income Fund		127,154		41,756		—		—			—			—			145,110			(28,981	)		285,039
High Yield Bond Fund		21,474		—		—		(66,464	)		(25,248	)		—			(205,441	)		(8,301	)		(283,980	)
Conservative Income Fund		11		—		—		—			—			—			69			(9	)		71
Tax-Free Conservative Income Fund		—		—		—		(14	)		—			—			34			(4	)		16
Real Return Fund		958		—		—		(4,814	)		—			—			10,087			(988	)		5,243
Dynamic Asset Allocation Fund		41,597		—		—		(487	)		—			—			268,157			—			309,267
Multi-Strategy Alternative Fund		8,035		—		—		—			—			—			(3,898	)		(2,197	)		1,940
Multi-Asset Accumulation Fund		35,063		107,280		—		—			—			(44,442	)		(240,536	)		(15,304	)		(157,939	)
Multi-Asset Income Fund		2,967		—		—		(2,206	)		(19,726	)		—			36,827			(2,964	)		14,898
Multi-Asset Inflation Managed Fund		7,595		—		—		(44,688	)		(10,457	)		—			(133,319	)		(5,146	)		(186,015	)
Multi-Asset Capital Stability Fund		84		8,366		—		—			—			—			14,591			(6,778	)		16,263

Post October losses represent losses realized on investment transactions from November 1, 2019 through September 30, 2020 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, 2020 through September 30, 2020 and specified losses realized on investment transactions from November 1, 2019 through September 30, 2020, 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, 2011 for an unlimited period. However, any losses incurred during those future taxable years are required to be utilized

396

SEI Institutional Managed Trust / Annual Report / September 30, 2020

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	$	18,476	$	–	$	18,476
Small Cap Value Fund		9,305		–		9,305
Small Cap Growth Fund		795		–		795
Tax-Managed Small/Mid Cap Fund		6,584		532		7,116
Mid-Cap Fund		569		409		978
Tax-Free Conservative Fund		14		–		14
Tax-Managed International Managed
Volatility Fund		28,004		136		28,140
High Yield Bond Fund		1,519		64,945		66,464
Real Return Fund		–		4,814		4,814
Dynamic Asset Allocation Fund		487		–		487
Multi-Asset Income Fund		1,926		280		2,206
Multi-Asset Inflation Managed Fund		41,871		2,817		44,688

*	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, 2020, the following Funds utilized capital loss carryforward to offset capital gains:


	Amount Utilized ($ Thousands)
Real Return		$453
Core Fixed Income Fund		1,763
Dynamic Asset Allocation		19,297
Multi-Asset Income Fund		–

For Federal income tax purposes, the cost of investments owned at September 30, 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 September 30, 2020, were as follows:

Federal Tax Cost

($ Thousands)

Appreciated

Securities

($ Thousands)

Depreciated

Securities

($ Thousands)

Net Unrealized
Appreciation
(Depreciation)
($ Thousands)

Large Cap Fund

1,522,811

643,991

(104,435

)

539,556


	Federal Tax Cost ($ Thousands)		Appreciated Securities ($ Thousands)		Depreciated Securities ($ Thousands)			Net Unrealized Appreciation (Depreciation) ($ Thousands)
Large Cap Value Fund	$	1,136,962	$	224,215	$	(112,638	)	$	111,577
Large Cap Growth Fund		811,381		777,734		(10,338	)		767,396
Large Cap Index Fund		600,196		160,944		(54,775	)		106,169
Tax-Managed Large Cap Fund		1,857,041		1,992,502		(27,495	)		1,965,007
S&P 500 Index Fund		290,541		579,570		(22,921	)		556,649
Small Cap Fund		512,981		94,767		(62,233	)		32,534
Small Cap Value Fund		321,834		37,576		(54,782	)		(17,206	)
Small Cap Growth Fund		304,004		63,043		(27,786	)		35,257
Tax-Managed Small/Mid Cap Fund		562,048		231,989		(15,743	)		216,246
Mid-Cap Fund		64,464		9,473		(4,013	)		5,460
U.S. Managed Volatility Fund		1,467,949		267,156		(88,537	)		178,619
Global Managed Volatility Fund		963,462		138,841		(46,933	)		91,908
Tax-Managed Managed Volatility Fund		560,441		377,831		(3,688	)		374,143
Tax-Managed International Managed Volatility Fund		330,617		53,365		(12,368	)		40,997
Real Estate Fund		85,321		15,789		(9,977	)		5,812
Core Fixed Income Fund		4,583,369		195,929		(50,819	)		145,110
High Yield Bond Fund		1,634,780		61,492		(266,933	)		(205,441	)
Conservative Income Fund		340,402		69		—			69
Tax-Free Conservative Income Fund		218,292		35		(1	)		34
Real Return Fund		249,737		19,297		(9,210	)		10,087
Dynamic Asset Allocation Fund		462,205		330,240		(62,083	)		268,157
Multi-Strategy Alternative Fund		450,401		22,667		(26,565	)		(3,898	)
Multi-Asset Accumulation Fund		2,079,254		81,927		(322,463	)		(240,536	)
Multi-Asset Income Fund		833,424		80,483		(43,656	)		36,827
Multi-Asset Inflation Managed Fund		1,102,072		75,339		(208,658	)		(133,319	)
Multi-Asset Capital Stability Fund		519,433		15,307		(716	)		14,591

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, 2020, 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


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Notes to Financial Statements/Consolidated Notes to Financial Statements (Continued)

September 30, 2020

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.

The following is a summary of securities lending agreements held by certain Funds which would

be subject to offset as of September 30, 2020

($ Thousands):


	Securities Loaned at Value		Cash Collateral Received ⁽¹⁾		Net Amount
Large Cap Fund	$	14,527	$	14,527	$	–
Large Cap Value Fund		2,679		2,679		–
Large Cap Growth Fund		8,910		8,910		–
Large Cap Index Fund		901		901		–
Tax-Managed Large Cap Fund		47,399		47,399		–
S&P 500 Index Fund		345		345		–
Small Cap Fund		14,063		14,063		–
Small Cap Value Fund		7,551		7,551		–
Small Cap Growth Fund		13,861		13,861		–
Tax-Managed Small/Mid Cap Fund		27,598		27,598		–
U.S. Managed Volatility Fund		12,727		12,727		–
Global Managed Volatility Fund		11,118		11,118		–
Tax-Managed Managed Volatility Fund		3,389		3,389		–
Tax-Managed International Managed
Volatility Fund		7,433		7,433		–
Core Fixed Income Fund		7,567		7,459		–

(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


398		SEI Institutional Managed Trust / Annual Report / September 30, 2020

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 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


SEI Institutional Managed Trust / Annual Report / September 30, 2020		399

Notes to Financial Statements/Consolidated Notes to Financial Statements (Continued)

September 30, 2020

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

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 COVID-19, have the ability to affect—quickly, drastically and substantially the economies of many nations, states, individual companies and the markets in general and can cause disruptions that cannot necessarily be foreseen. The spread of COVID-19 around the world in 2020 resulted in a substantial number of nations implementing social distancing measures, quarantines, and the shutdown of non-essential businesses and governmental services. Further, it has caused significant volatility in U.S. and international markets. The impact of the outbreak may be short term or may last for an extended period of time.

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


400		SEI Institutional Managed Trust / Annual Report / September 30, 2020

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 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. 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


SEI Institutional Managed Trust / Annual Report / September 30, 2020		401

Notes to Financial Statements/Consolidated Notes to Financial Statements (Continued)

September 30, 2020

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 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


402		SEI Institutional Managed Trust / Annual Report / September 30, 2020

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 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


SEI Institutional Managed Trust / Annual Report / September 30, 2020		403

Notes to Financial Statements/Consolidated Notes to Financial Statements (Continued)

September 30, 2020

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 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


404		SEI Institutional Managed Trust / Annual Report / September 30, 2020

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.

12. CONCENTRATION OF SHAREHOLDERS

SEI Private Trust Company (“SPTC”) and SIMC are subsidiaries of SEI Investments Company. As of September 30, 2020, SPTC held of record the following percentage of outstanding shares of each Fund:



Fund	% Held
Large Cap Fund
Class F		97.81	%
Class Y		17.67
Large Cap Value Fund
Class F		93.70	%
Class I		12.28
Class Y		99.52
Large Cap Growth Fund
Class F		91.50	%
Class I		12.80
Class Y		98.73
Large Cap Index Fund
Class F		99.58	%
Tax-Managed Large Cap Fund
Class F		86.57	%
Class Y		55.84
S&P 500 Index Fund
Class F		49.12	%
Class I		23.43



Fund	% Held
Small Cap Fund
Class F		98.21	%
Class Y		24.85
Small Cap Value Fund
Class F		94.23	%
Class I		7.56
Class Y		99.52
Small Cap Growth Fund
Class F		91.84	%
Class I		9.44
Class Y		97.81
Tax-Managed Small/Mid Cap Fund
Class F		92.38	%
Class Y		53.26
Mid-Cap Fund
Class F		84.23	%
Class I		0.00
Class Y		42.08
U.S. Managed Volatility Fund
Class F		91.37	%
Class I		0.00
Class Y		7.32
Global Managed Volatility Fund
Class F		95.79	%
Class I		0.00
Class Y		44.74
Tax-Managed Managed Volatility Fund
Class F		87.95	%
Class Y		66.89
Tax-Managed International Managed Volatility Fund
Class F		96.87	%
Class Y		85.35
Real Estate Fund
Class F		75.50	%
Class I		0.00
Class Y		52.61
Core Fixed Income Fund
Class F		96.14	%
Class I		32.73
Class Y		51.56
High Yield Bond Fund
Class F		97.10	%
Class I		0.00
Class Y		56.11
Conservative Income Fund
Class F		98.73	%
Class Y		25.60
Tax-Free Conservative Income Fund
Class F		98.57	%
Class Y		71.21
Real Return Fund
Class F		98.63	%
Class Y		39.15


SEI Institutional Managed Trust / Annual Report / September 30, 2020		405

Notes to Financial Statements/Consolidated Notes to Financial Statements (Concluded)

September 30, 2020



Fund	% Held
Dynamic Asset Allocation Fund
Class F		97.49	%
Class Y		15.23
Multi-Strategy Alternative Fund
Class F		98.02	%
Class Y		72.55
Multi-Asset Accumulation Fund
Class F		98.30	%
Class Y		14.11
Multi-Asset Income Fund
Class F		96.08	%
Class Y		55.30
Multi-Asset Inflation Managed Fund
Class F		98.43	%
Class Y		18.45
Multi-Asset Capital Stability Fund
Class F		98.74	%
Class Y		18.55

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. Management elected to early adopt the removal and modifications of certain disclosures and delay the adoption of additional disclosures until the effective date.

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 September 30, 2020.


406		SEI Institutional Managed Trust / Annual Report / September 30, 2020

Report of Independent Registered Public Accounting Firm

To the Shareholders of the Funds and Board of Trustees

SEI Institutional Managed Trust:

Opinion on the Financial Statements

We have audited the accompanying statements of assets and liabilities of 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, and Real Estate Fund, including the summary schedules of investments, and the statements of assets and liabilities of 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 Income Fund, and Multi-Asset Capital Stability Fund (twenty-four of the twenty-seven funds comprising the SEI Institutional Managed Trust (the Trust)), including the schedules of investments, as of September 30, 2020, the related statements of operations for the year then ended, the statements of changes in net assets for each of the years in the two-year period then ended, and the related notes (collectively, the financial statements) and the financial highlights for each of the years or periods presented therein. We have also audited the accompanying consolidated statements of assets and liabilities of the Dynamic Asset Allocation Fund, including the consolidated summary schedule of investments, and the consolidated statements of assets and liabilities of the Multi-Asset Accumulation Fund and Multi-Asset Inflation Managed Fund (three of the twenty-seven funds comprising the Trust) (the twenty-seven funds collectively, the Funds), including the consolidated schedules of investments, as of September 30, 2020, the related consolidated statements of operations for the year then ended, the consolidated statements of changes in net assets for each of the years in the two-year period then ended, the consolidated statement of cash flows for the year then ended for the Multi-Asset Inflation Managed Fund, and the related notes (collectively, the consolidated financial statements) and the consolidated financial highlights for each of the years or periods presented therein. In our opinion, the financial statements and consolidated financial statements and financial highlights and consolidated financial highlights present fairly, in all material respects, the financial position of the Funds as of September 30, 2020, the results of their operations for the year then ended, the changes in their net assets for each of the years in the two-year period then ended, the cash flows of the Multi-Asset Inflation Managed Fund for the year then ended, and the financial highlights and consolidated financial highlights for each of the years or periods presented therein, in conformity with U.S. generally accepted accounting principles.

Basis for Opinion

These financial statements and consolidated financial statements and financial highlights and consolidated financial highlights are the responsibility of the Funds’ management. Our responsibility is to express an opinion on these financial statements and consolidated financial statements and financial highlights and consolidated financial highlights based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audits to obtain reasonable assurance about whether the financial statements and consolidated financial statements and financial highlights and consolidated financial highlights are free of material misstatement, whether due to error or fraud. Our audits included performing procedures to assess the risks of material misstatement of the financial statements and consolidated financial statements and financial highlights and consolidated financial highlights, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements and consolidated financial statements and financial highlights and consolidated financial highlights. Such procedures also included confirmation of securities owned as of September 30, 2020, by correspondence with custodians, transfer agents, and brokers or by other appropriate auditing procedures when replies were not received. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements and consolidated financial statements and financial highlights and consolidated financial highlights. We believe that our audits provide a reasonable basis for our opinion.


SEI Institutional Managed Trust / Annual Report / September 30, 2020		407

Report of Independent Registered Public Accounting Firm (Concluded)

LOGO

We have served as the auditor of one or more SEI Funds investment companies since 2005.

Philadelphia, Pennsylvania

November 27, 2020


408		SEI Institutional Managed Trust / Annual Report / September 30, 2020

Trustees and Officers of the Trust (Unaudited)

The following chart lists Trustees and Officers as of September 30, 2020.

Set forth below are the names, addresses, ages, position with the Trust, Term of Office and Length of Time Served, the principal occupations for the last five years, number of positions in fund complex overseen by trustee, and other directorships outside the fund complex of each of the persons currently serving as Trustees and Officers of the Trust. The Trust’s Statement of Additional Information (“SAI”) includes additional information about the Trustees and Officers. The SAI may be obtained without charge by calling 1-800-342-5794.


Name, Address, and Age	Position(s) Held with Trusts	Term of Office and Length of Time Served¹	Principal Occupation(s) During Past Five Years	Number of Portfolios in Fund Complex Overseen by Trustee²	Other Directorships Held by Trustee

INTERESTED TRUSTEES

Robert A. Nesher One Freedom Valley Drive Oaks, PA 19456 74 yrs. old	Chairman of the Board of Trustees*	since 1989	Currently performs various services on behalf of SEI for which Mr. Nesher is compensated.	92	President and Director of SEI Structured Credit Fund, LP. Director of SEI Global Master Fund plc, SEI Global Assets Fund plc, SEI Global Investments Fund plc, SEI Investments—Global Funds Services, Limited, SEI Investments Global, Limited, SEI Investments (Europe) Ltd., SEI Multi-Strategy Funds PLC, SEI Global Nominee Ltd and SEI Investments—Unit Trust Management (UK) Limited. President, Director and Chief Executive Officer of SEI Alpha Strategy Portfolios, LP from 2007 to 2013. Trustee of SEI Liquid Asset Trust from 1989 to 2016. Trustee of SEI Insurance Products Trust from 2013 to 2020. Vice Chairman of O’Connor EQUUS (closed-end investment company) from 2014 to 2016. Vice Chairman of Winton Series Trust from 2014 to 2017. Vice Chairman of The Advisors’ Inner Circle Fund III and Winton Diversified Opportunities Fund (closed-end investment company) from 2014 to 2018. Vice Chairman of Gallery Trust, Schroder Series Trust and Schroder Global Series Trust from 2015 to 2018. Trustee of The Advisors’ Inner Circle Fund, The Advisors’ Inner Circle Fund II, Bishop Street Funds, and the KP Funds. President, Chief Executive Officer and Trustee of SEI Asset Allocation Trust, SEI Daily Income Trust, SEI Institutional Managed Trust, SEI Institutional International Trust, SEI Institutional Investments Trust, SEI Tax Exempt Trust, Adviser Managed Trust, The New Covenant Funds and SEI Catholic Values Trust.

William M. Doran One Freedom Valley Drive Oaks, PA 19456 80 yrs. old	Trustee*	since 1986	Self-employed consultant since 2003. Partner, Morgan, Lewis & Bockius LLP (law firm) from 1976 to 2003, counsel to the Trust, SEI, SIMC, the Administrator and the Distributor.	92	Director of SEI since 1974; Secretary of SEI since 1978. Director of SEI Investments Distribution Co. since 2003. Director of SEI Investments—Global Funds Services, Limited, SEI Investments Global, Limited, SEI Investments (Europe), Limited, SEI Investments (Asia) Limited, SEI Global Nominee Ltd. and SEI Investments—Unit Trust Management (UK) Limited. Trustee of SEI Liquid Asset Trust from 1982 to 2016. Trustee of O’Connor EQUUS from 2014 to 2016. Director of SEI Alpha Strategy Portfolios, LP from 2007 to 2013. Trustee of Winton Series Trust from 2014 to 2017. Trustee of The Advisors’ Inner Circle Fund, The Advisors’ Inner Circle Fund II and Bishop Street Funds from 1991 to 2018. Trustee of The KP Funds from 2013 to 2018. Trustee of Winton Diversified Opportunities Fund from 2014 to 2018. Trustee of SEI Insurance Products Trust from 2013 to 2020. Trustee of The Advisors’ Inner Circle Fund III, Gallery Trust, SEI Asset Allocation Trust, SEI Daily Income Trust, SEI Institutional Managed Trust, SEI Institutional International Trust, SEI Institutional Investments Trust, SEI Tax Exempt Trust, Adviser Managed Trust, New Covenant Funds, Schroder Series Trust, Schroder Global Series Trust and SEI Catholic Values Trust.

TRUSTEES

George J. Sullivan Jr. One Freedom Valley Drive, Oaks, PA 19456 77 yrs. old	Trustee	since 1996	Retired since January 2012. Self-Employed Consultant, Newfound Consultants Inc. April 1997-December 2011.	92	Member of the independent review committee for SEI’s Canadian-registered mutual funds from 2011 to 2017. Director of SEI Alpha Strategy Portfolios, LP from 2007 to 2013. Trustee of SEI Liquid Asset Trust from 1996 to 2016. Trustee/Director of State Street Navigator Securities Lending Trust from 1996 to 2017. Trustee of SEI Insurance Products Trust from 2013 to 2020. Trustee/Director of The Advisors’ Inner Circle Fund, The Advisors’ Inner Circle Fund II, Bishop Street Funds, SEI Structured Credit Fund, LP, SEI Asset Allocation Trust, SEI Daily Income Trust, SEI Institutional Managed Trust, SEI Institutional International Trust, SEI Institutional Investments Trust, SEI Tax Exempt Trust, Adviser Managed Trust, New Covenant Funds, The KP Funds and SEI Catholic Values Trust.

*	Messrs. Nesher and Doran are Trustees who may be deemed as “interested” persons of the Trust as that term is defined in the 1940 Act by virtue of their affiliation with SIMC and the Trust’s Distributor.

1	Each trustee shall hold office during the lifetime of this Trust until the election and qualification of his or her successor, or until he or she sooner dies, resigns or is removed in accordance with the Trust’s Declaration of Trust.

The Fund Complex includes the following Trusts: SEI Asset Allocation Trust, SEI Daily Income Trust, SEI Institutional Investments Trust, Adviser Managed Trust, SEI Institutional International Trust, SEI Institutional Managed Trust, SEI Tax Exempt Trust, SEI Catholic Values Trust and New Covenant Funds.


SEI Institutional Managed Trust / Annual Report / September 30, 2020		409

Trustees and Officers of the Trust (Unaudited) (Concluded)


Name Address, and Age	Position(s) Held with Trusts	Term of Office and Length of Time Served¹	Principal Occupation(s) During Past Five Years	Number of Portfolios in Fund Complex Overseen by Trustee²	Other Directorships Held by Trustee

TRUSTEES (continued)

Nina Lesavoy One Freedom Valley Drive, Oaks, PA 19456 63 yrs. old	Trustee	since 2003	Founder and Managing Director, Avec Capital (strategic fundraising firm) since 2008. Managing Director, Cue Capital (strategic fundraising firm) from March 2002-March 2008.	92	Director of SEI Alpha Strategy Portfolios, LP from 2007 to 2013. Trustee of SEI Liquid Asset Trust from 2003 to 2016. Trustee of SEI Insurance Products Trust from 2013 to 2020. Trustee/Director of SEI Structured Credit Fund, L.P., SEI Asset Allocation Trust, SEI Daily Income Trust, SEI Institutional Managed Trust, SEI Institutional International Trust, SEI Institutional Investments Trust, SEI Tax Exempt Trust, New Covenant Funds, Adviser Managed Trust and SEI Catholic Values Trust.

James M. Williams One Freedom Valley Drive, Oaks, PA 19456 72 yrs. old	Trustee	since 2004	Vice President and Chief Investment Officer, J. Paul Getty Trust, Non-Profit Foundation for Visual Arts, since December 2002. President, Harbor Capital Advisors and Harbor Mutual Funds, 2000-2002. Manager, Pension Asset Management, Ford Motor Company, 1997-1999.	92	Director of SEI Alpha Strategy Portfolios, LP from 2007 to 2013, Trustee of SEI Liquid Asset Trust from 2004 to 2016. Trustee of SEI Insurance Products Trust from 2013 to 2020. Trustee/Director of Ariel Mutual Funds, SEI Structured Credit Fund, LP, SEI Asset Allocation Trust, SEI Daily Income Trust, SEI Institutional Managed Trust, SEI Institutional International Trust, SEI Institutional Investments Trust, SEI Tax Exempt Trust, New Covenant Funds, Adviser Managed Trust and SEI Catholic Values Trust.

Mitchell A. Johnson One Freedom Valley Drive, Oaks, PA 19456 78 yrs. old	Trustee	since 2007	Retired Private Investor since 1994.	92	Director, Federal Agricultural Mortgage Corporation (Farmer Mac) since 1997. Director of SEI Alpha Strategy Portfolios, LP from 2007 to 2013. Trustee of SEI Liquid Asset Trust from 2007 to 2016. Trustee of SEI Insurance Products Trust from 2013 to 2020. Trustee of the Advisors’ Inner Circle Fund, The Advisors’ Inner Circle Fund II, Bishop Street Funds, SEI Asset Allocation Trust, SEI Daily Income Trust, SEI Institutional Managed Trust, SEI Institutional International Trust, SEI Institutional Investments Trust, SEI Tax Exempt Trust, Adviser Managed Trust, The KP Funds, New Covenant Funds and SEI Catholic Values Trust.

Hubert L. Harris, Jr. One Freedom Valley Drive, Oaks, PA 19456 77 yrs. old	Trustee	since 2008	Retired since December 2005. Owner of Harris Plantation, Inc. since 1995. Chief Executive Officer of Harris CAPM, a consulting asset and property management entity. Chief Executive Officer, INVESCO North America, August 2003-December 2005. Chief Executive Officer and Chair of the Board of Directors, AMVESCAP Retirement, Inc., January 1998- August 2003.	92	Director of AMVESCAP PLC from 1993-2004. Served as a director of a bank holding company, 2003-2009. Director, Aaron’s Inc., 2012-present. President and CEO of Oasis Ornamentals LLC since 2011. Member of the Board of Councilors of the Carter Center (nonprofit corporation) and served on the board of other non-profit organizations. Director of SEI Alpha Strategy Portfolios, LP from 2008 to 2013. Trustee of SEI Liquid Asset Trust from 2008 to 2016. Trustee of SEI Insurance Products Trust from 2013 to 2020. Trustee of SEI Asset Allocation Trust, SEI Daily Income Trust, SEI Institutional Managed Trust, SEI Institutional International Trust, SEI Institutional Investments Trust, SEI Tax Exempt Trust, New Covenant Funds, Adviser Managed Trust and SEI Catholic Values Trust.

Susan C. Cote One Freedom Valley Drive Oaks, PA 19456 65 years old	Trustee	since 2016	Retired since July 2015. Americas Director of Asset Management, Ernst & Young LLP from 2006-2013. Global Asset Management Assurance Leader, Ernest & Young LLP from 2006- 2015. Partner Ernest & Young LLP from 1997-2015. Prudential, 1983-1997.Member of the Ernst & Young LLP Retirement Investment Committee, Treasurer and Chair of Finance, Investment and Audit Committee of the New York Women’s Foundation.	92	Trustee of SEI Insurance Products Trust from 2016 to 2020. Trustee of SEI Structured Credit Fund, LP, SEI Tax Exempt Trust, SEI Daily Income Trust, SEI Institutional International Trust, SEI Institutional Managed Trust, SEI Asset Allocation Trust, SEI Institutional Investments Trust, New Covenant Funds, Adviser Managed Trust and SEI Catholic Values Trust.

James B. Taylor One Freedom Valley Drive Oaks, PA 19456 69 years old	Trustee	since 2018	Retired since December 2017. Chief Investment Officer at Georgia Tech Foundation from 2008 to 2017. Chief Investment Officer at Delta Air Lines from 1983 to 2007. Member of the Investment Committee at the Institute of Electrical and Electronic Engineers from 1999 to 2004. President, Vice President and Treasurer at Southern Benefits Conference from 1998 to 2000.	92	Trustee of SEI Insurance Products Trust from 2018 to 2020. Trustee of SEI Daily Income Trust, SEI Tax Exempt Trust, SEI Institutional Managed Trust, SEI Institutional International Trust, SEI Institutional Investments Trust, SEI Asset Allocation Trust, Adviser Managed Trust, New Covenant Funds and SEI Catholic Values Trust.

Christine Reynolds One Freedom Valley Drive Oaks, PA 19456 62 years old	Trustee	since 2019	Retired since December 2016. Executive Vice President, Fidelity Investments from 2014-2016. President, Fidelity Pricing and Cash Management Services and Chief Financial Officer of Fidelity Funds from 2008-2014. Chief Operating Officer, Fidelity Pricing and Cash Management Services from 2007-2008. President and Treasurer, Fidelity Funds from 2004-2007. Anti-Money Laundering Officer, Fidelity Funds in 2004. Executive Vice President, Fidelity Funds from 2002-2004. Audit Partner, PricewaterhouseCoopers from 1992-2002.	92	Trustee of SEI Insurance Products Trust from 2019 to 2020. Trustee of SEI Daily Income Trust, SEI Tax Exempt Trust, SEI Institutional Managed Trust, SEI Institutional International Trust, SEI Institutional Investments Trust, SEI Asset Allocation Trust, Adviser Managed Trust, New Covenant Funds and SEI Catholic Values Trust.

1	Each trustee shall hold office during the lifetime of this Trust until the election and qualification of his or her successor, or until he or she sooner dies, resigns or is removed in accordance with the Trust’s Declaration of Trust.

2	The Fund Complex includes the following Trusts: SEI Asset Allocation Trust, SEI Daily Income Trust, SEI Institutional Investments Trust, Adviser Managed Trust, SEI Institutional International Trust, SEI Institutional Managed Trust, SEI Tax Exempt Trust, Catholic Values Trust and New Covenant Funds.


410		SEI Institutional Managed Trust / Annual Report / September 30, 2020


Name Address, and Age	Position(s) Held with Trusts	Term of Office and Length of Time Served¹	Principal Occupation(s) During Past Five Years	Number of Portfolios in Fund Complex Overseen by Trustee²	Other Directorships Held by Trustee

OFFICERS

Robert A. Nesher One Freedom Valley Drive, Oaks, PA 19456 74 yrs. Old	President and CEO	since 2005	Currently performs various services on behalf of SEI for which Mr. Nesher is compensated.	N/A	N/A

Peter A. Rodriguez One Freedom Valley Drive Oaks, PA 19456 58 yrs. old	Controller and Chief Financial Officer	since 2020	Director, Fund Accounting, SEI Investments Global Funds Services since April 2020 and previously from March 2011 to March 2015; Director, Financial Reporting from June 2017 to March 2020. Director, Centralized Operations from March 2015 to June 2017.	N/A	N/A

Glenn R. Kurdziel One Freedom Valley Drive Oaks, PA 19456 46 yrs. old	Assistant Controller	since 2017	Director, Fund Accounting, SEI Investments Global Funds Services since April 2020 and previously from March 2011 to March 2015; Director, Financial Reporting from June 2017 to March 2020. Director, Centralized Operations from March 2015 to June 2017.	N/A	N/A

Russell Emery One Freedom Valley Drive Oaks, PA 19456 57 yrs. old	Chief Compliance Officer	since 2006	Chief Compliance Officer of SEI Daily Income Trust, SEI Institutional Investments Trust, SEI Institutional Managed Trust, SEI Asset Allocation Trust, SEI Institutional International Trust, SEI Tax Exempt Trust, The Advisors’ Inner Circle Fund, The Advisors’ Inner Circle Fund II and Bishop Street Funds since March 2006. Chief Compliance Officer of SEI Liquid Asset Trust from 2006 to 2016. Chief Compliance Officer of SEI Structured Credit Fund, LP since June 2007. Chief Compliance Officer of Adviser Managed Trust since December 2010. Chief Compliance Officer of SEI Alpha Strategy Portfolios, LP from 2007 to 2013. Chief Compliance Officer of New Covenant Funds since February 2012. Chief Compliance Officer of SEI Insurance Products Trust from 2013 to 2020. Chief Compliance Officer of The KP Funds since 2013. Chief Compliance Officer of New Covenant Funds since February 2012. Chief Compliance Officer of O’Connor EQUUS from 2014 to 2016. Chief Compliance Officer of The Advisors’ Inner Circle Fund III since 2014. Chief Compliance Officer of Winton Series Trust from 2014 to 2017. Chief Compliance Officer of Winton Diversified Opportunities Fund from 2014 to 2018. Chief Compliance Officer of SEI Catholic Values Trust and Gallery Trust since 2015. Chief Compliance Officer of Schroder Series Trust and Schroder Global Series Trust since 2017.	N/A	N/A

Timothy D Barto One Freedom Valley Drive Oaks, PA 19456 52 yrs. old	Vice President and Secretary	since 2002	Vice President and Secretary of SEI Institutional Transfer Agent, Inc. since 2009. General Counsel and Secretary of SIMC and the Administrator since 2004. Vice President of SIMC and the Administrator since 1999. Vice President and Assistant Secretary of SEI since 2001.	N/A	N/A

Aaron Buser One Freedom Valley Drive, Oaks, PA 19456 49 yrs. old	Vice President and Assistant Secretary	since 2008	Vice President and Assistant Secretary of SEI Institutional Transfer Agent, Inc. since 2009. Vice President and Assistant Secretary of SIMC since 2007. Attorney Stark & Stark (law firm), March 2004-July 2007.	N/A	N/A

David F. McCann One Freedom Valley Drive, Oaks, PA 19456 44 yrs. old	Vice President and Assistant Secretary	since 2009	Vice President and Assistant Secretary of SEI Institutional Transfer Agent, Inc. since 2009. Vice President and Assistant Secretary of SIMC since 2008. Attorney, Drinker Biddle & Reath, LLP (law firm), May 2005 - October 2008.	N/A	N/A

Stephen G. MacRae One Freedom Valley Drive, Oaks, PA 19456 52 yrs. old	Vice President	since 2012	Director of Global Investment Product Management since January 2004.	N/A	N/A

Bridget E. Sudall One Freedom Valley Drive Oaks, PA 19456 39 yrs. old	Anti-Money Laundering Compliance Officer and Privacy Officer	since 2015	Anti-Money Laundering Compliance Officer and Privacy Officer (since 2015), Senior Associate and AML Officer, Morgan Stanley Alternative Investment Partners, April 2011-March 2015, Investor Services Team Lead, Morgan Stanley Alternative Investment Partners, July 2007-April 2011.	N/A	N/A

1	Each trustee shall hold office during the lifetime of this Trust until the election and qualification of his or her successor, or until he or she sooner dies, resigns or is removed in accordance with the Trust’s Declaration of Trust.


SEI Institutional Managed Trust / Annual Report / September 30, 2020		411

Disclosure of Fund Expenses (Unaudited)

September 30, 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 4/1/20		Ending Account Value 9/30/20		Annualized Expense Ratios			Expenses Paid During Period *

Large Cap Fund
Actual Fund Return

Class F Shares	$	1,000.00	$	1,293.80		0.89	%	$	5.07
Class Y Shares		1,000.00		1,294.30		0.64			3.66
Hypothetical 5% Return

Class F Shares	$	1,000.00	$	1,020.58		0.89	%	$	4.47

Class Y Shares		1,000.00		1,021.81		0.64			3.23

Large Cap Value Fund
Actual Fund Return

Class F Shares	$	1,000.00	$	1,194.00		0.89	%	$	4.88

Class I Shares		1,000.00		1,192.20		1.11			6.08

Class Y Shares		1,000.00		1,195.70		0.64			3.51
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 4/1/20		Ending Account Value 9/30/20		Annualized Expense Ratios			Expenses Paid During Period *

Large Cap Growth Fund
Actual Fund Return

Class F Shares	$	1,000.00	$	1,420.40		0.89	%	$	5.35

Class I Shares		1,000.00		1,418.60		1.11			6.68

Class Y Shares		1,000.00		1,421.90		0.64			3.87
Hypothetical 5% Return

Class F Shares	$	1,000.00	$	1,020.58		0.89	%	$	4.47

Class I Shares		1,000.00		1,019.48		1.11			5.58

Class Y Shares		1,000.00		1,021.81		0.64			3.23

Large Cap Index Fund
Actual Fund Return

Class F Shares	$	1,000.00	$	1,330.50		0.25	%	$	1.46
Hypothetical 5% Return

Class F Shares	$	1,000.00	$	1,023.75		0.25	%	$	1.26


412		SEI Institutional Managed Trust / Annual Report / September 30, 2020


	Beginning Account Value 4/1/20		Ending Account Value 9/30/20		Annualized Expense Ratios			Expenses Paid During Period *
Tax-Managed Large Cap Fund
Actual Fund Return
Class F Shares	$	1,000.00	$	1,266.90		0.88	%	$	5.04
Class Y Shares		1,000.00		1,268.50		0.64			3.63
Hypothetical 5% Return
Class F Shares	$	1,000.00	$	1,020.55		0.88	%	$	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	$	1,311.40		0.25	%	$	1.45
Class I Shares		1,000.00		1,308.90		0.65			3.73
Hypothetical 5% Return
Class F Shares	$	1,000.00	$	1,023.75		0.25	%	$	1.27
Class I Shares		1,000.00		1,021.77		0.65			3.27
Small Cap Fund
Actual Fund Return
Class F Shares	$	1,000.00	$	1,311.40		1.14	%	$	6.55
Class Y Shares		1,000.00		1,313.80		0.89			5.13
Hypothetical 5% Return
Class F Shares	$	1,000.00	$	1,019.34		1.14	%	$	5.72
Class Y Shares		1,000.00		1,020.57		0.89			4.48
Small Cap Value Fund
Actual Fund Return
Class F Shares	$	1,000.00	$	1,271.30		1.14	%	$	6.47
Class I Shares		1,000.00		1,270.30		1.36			7.72
Class Y Shares		1,000.00		1,273.00		0.89			5.06
Hypothetical 5% Return
Class F Shares	$	1,000.00	$	1,019.30		1.14	%	$	5.76
Class I Shares		1,000.00		1,018.20		1.36			6.86
Class Y Shares		1,000.00		1,020.55		0.89			4.50
Small Cap Growth Fund
Actual Fund Return
Class F Shares	$	1,000.00	$	1,402.80		1.11	%	$	6.47
Class I Shares		1,000.00		1,401.00		1.36			8.72
Class Y Shares		1,000.00		1,404.40		0.86			5.06
Hypothetical 5% Return
Class F Shares	$	1,000.00	$	1,019.49		1.11	%	$	5.76
Class I Shares		1,000.00		1,018.24		1.36			6.86
Class Y Shares		1,000.00		1,020.72		0.86			4.50
Tax-Managed Small/Mid Cap Fund
Actual Fund Return
Class F Shares	$	1,000.00	$	1,278.30		1.11	%	$	6.28
Class Y Shares		1,000.00		1,280.20		0.89			5.04
Hypothetical 5% Return
Class F Shares	$	1,000.00	$	1,019.48		1.11	%	$	5.57
Class Y Shares		1,000.00		1,020.58		0.89			4.47


	Beginning Account Value 4/1/20		Ending Account Value 9/30/20		Annualized Expense Ratios			Expenses Paid During Period *
Mid-Cap Fund
Actual Fund Return
Class F Shares	$	1,000.00	$	1,305.30		0.98	%	$	5.65
Class I Shares		1,000.00		1,303.80		1.20			6.91
Class Y Shares		1,000.00		1,306.90		0.73			4.27
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		1,021.30		0.73			3.74
U.S. Managed Volatility Fund
Actual Fund Return
Class F Shares	$	1,000.00	$	1,176.00		0.90	%	$	4.90
Class I Shares		1,000.00		1,174.50		1.15			6.25
Class Y Shares		1,000.00		1,177.50		0.65			3.54
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	$	1,145.40		1.11	%	$	5.95
Class I Shares		1,000.00		1,144.30		1.36			7.29
Class Y Shares		1,000.00		1,146.20		0.86			4.61
Hypothetical 5% Return
Class F Shares	$	1,000.00	$	1,019.45		1.11	%	$	5.60
Class I Shares		1,000.00		1,018.20		1.36			6.86
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	$	1,175.20		1.00	%	$	5.44
Class Y Shares		1,000.00		1,176.00		0.75			4.08
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	$	1,144.30		1.11	%	$	5.95
Class Y Shares		1,000.00		1,145.30		0.86			4.61
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	$	1,125.70		1.14	%	$	6.06
Class I Shares		1,000.00		1,123.80		1.36			7.22
Class Y Shares		1,000.00		1,127.20		0.89			4.73
Hypothetical 5% Return
Class F Shares	$	1,000.00	$	1,019.30		1.14	%	$	5.76
Class I Shares		1,000.00		1,018.20		1.36			6.86
Class Y Shares		1,000.00		1,020.55		0.89			4.50

SEI Institutional Managed Trust / Annual Report / September 30, 2020

413

Disclosure of Fund Expenses (Unaudited) (Concluded)

September 30, 2020


	Beginning Account Value 4/1/20		Ending Account Value 9/30/20		Annualized Expense Ratios			Expenses Paid During Period *
Core Fixed Income Fund
Actual Fund Return
Class F Shares	$	1,000.00	$	1,060.30		0.66	%	$	3.40
Class I Shares		1,000.00		1,060.10		0.88			4.53
Class Y Shares		1,000.00		1,061.60		0.41			2.11
Hypothetical 5% Return
Class F Shares	$	1,000.00	$	1,021.70		0.66	%	$	3.34
Class I Shares		1,000.00		1,020.60		0.88			4.45
Class Y Shares		1,000.00		1,022.95		0.41			2.07
High Yield Bond Fund
Actual Fund Return
Class F Shares	$	1,000.00	$	1,152.00		0.89	%	$	4.79
Class I Shares		1,000.00		1,149.80		1.11			5.97
Class Y Shares		1,000.00		1,153.40		0.64			3.45
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
Conservative Income Fund
Actual Fund Return
Class F Shares	$	1,000.00	$	1,001.80		0.30	%	$	1.50
Class Y Shares		1,000.00		1,002.20		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	$	1,001.20		0.30	%	$	1.45
Class Y Shares		1,000.00		1,001.60		0.20			0.95
Hypothetical 5% Return
Class F Shares	$	1,000.00	$	1,023.55		0.30	%	$	1.47
Class Y Shares		1,000.00		1,024.05		0.20			0.96
Real Return Fund
Actual Fund Return
Class F Shares	$	1,000.00	$	1,046.40		0.45	%	$	2.30
Class Y Shares		1,000.00		1,046.50		0.35			1.79
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 4/1/20		Ending Account Value 9/30/20		Annualized Expense Ratios			Expenses Paid During Period *
Dynamic Asset Allocation Fund
Actual Fund Return
Class F Shares	$	1,000.00	$	1,319.80		0.75	%	$	4.34
Class Y Shares		1,000.00		1,321.30		0.50			2.90
Hypothetical 5% Return
Class F Shares	$	1,000.00	$	1,021.26		0.75	%	$	3.78
Class Y Shares		1,000.00		1,022.50		0.50			2.53
Multi-Strategy Alternative Fund
Actual Fund Return
Class F Shares	$	1,000.00	$	1,112.50		1.44	%	$	7.61
Class Y Shares		1,000.00		1,113.70		1.19			7.26
Hypothetical 5% Return
Class F Shares	$	1,000.00	$	1,035.90		1.44	%	$	6.29
Class Y Shares		1,000.00		1,038.00		1.19			6.01
Multi-Asset Accumulation Fund
Actual Fund Return
Class F Shares	$	1,000.00	$	1,099.00		1.17	%	$	6.14
Class Y Shares		1,000.00		1,100.70		0.92			4.83
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	$	1,156.80		0.80	%	$	4.31
Class Y Shares		1,000.00		1,157.40		0.70			3.78
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	$	1,054.90		1.38	%	$	7.08
Class Y Shares		1,000.00		1,056.20		1.13			5.81
Hypothetical 5% Return
Class F Shares	$	1,000.00	$	1,018.11		1.38	%	$	6.96
Class Y Shares		1,000.00		1,019.35		1.13			5.70
Multi-Asset Capital Stability Fund
Actual Fund Return
Class F Shares	$	1,000.00	$	1,029.00		0.62	%	$	3.14
Class Y Shares		1,000.00		1,030.00		0.52			2.64
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).

414

SEI Institutional Managed Trust / Annual Report / September 30, 2020

Review of the Liquidity Risk Management Program (Unaudited)

September 30, 2020

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.


SEI Institutional Managed Trust / Annual Report / September 30, 2020			415

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.


416		SEI Institutional Managed Trust / Annual Report / September 30, 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 / Annual Report / September 30, 2020			417

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.


418		SEI Institutional Managed Trust / Annual Report / September 30, 2020

Notice to Shareholders (Unaudited)

For shareholders who do not have a September 30, 2020, taxable year end, this notice is for informational purposes only. For shareholders with a September 30, 2020, taxable year end, please consult your tax adviser as to the pertinence of this notice.

For the fiscal year ended September 30, 2020, the Funds are designating long term and qualifying dividend income with regard to distributions paid during the year as follows:


	(A) Return of Capital (Tax Basis)	(B) Long Term Capital Gains Distributions (Tax Basis)	(C) Ordinary Income Distributions (Tax Basis)	(D) Tax-Exempt Income Distribution (Tax Basis)	Total Distributions (Tax Basis)	(E) Dividends Qualifying for Corporate Dividends Rec. Deduction (1)
Large Cap Fund	0.00%	82.09%	17.91%	0.00%	100.00%	100.00%
Large Cap Value Fund	0.00%	46.66%	53.34%	0.00%	100.00%	95.20%
Large Cap Growth Fund	0.00%	95.79%	4.21%	0.00%	100.00%	68.87%
Large Cap Index Fund	0.00%	3.77%	96.23%	0.00%	100.00%	96.91%
Tax-Managed Large Cap Fund	0.00%	85.24%	14.76%	0.00%	100.00%	100.00%
S&P 500 Index Fund	0.00%	68.23%	31.77%	0.00%	100.00%	98.89%
Small Cap Fund	3.11%	0.00%	96.89%	0.00%	100.00%	100.00%
Small Cap Value Fund	0.00%	0.00%	100.00%	0.00%	100.00%	79.59%
Small Cap Growth Fund	0.00%	100.00%	0.00%	0.00%	100.00%	0.00%
Tax-Managed Small/Mid Cap Fund	0.00%	86.06%	13.94%	0.00%	100.00%	100.00%
Mid-Cap Fund	0.00%	55.14%	44.86%	0.00%	100.00%	83.80%
U.S. Managed Volatility Fund	0.00%	61.94%	38.06%	0.00%	100.00%	97.84%
Global Managed Volatility Fund	0.00%	53.41%	46.59%	0.00%	100.00%	47.11%
Tax-Managed Managed Volatility Fund	0.00%	60.55%	39.45%	0.00%	100.00%	100.00%
Tax-Managed International Managed
Volatility Fund	0.00%	0.00%	100.00%	0.00%	100.00%	0.01%
Real Estate Fund	0.00%	60.55%	39.45%	0.00%	100.00%	0.00%
Core Fixed Income Fund	0.00%	0.00%	100.00%	0.00%	100.00%	0.00%
High Yield Bond Fund	0.00%	0.00%	100.00%	0.00%	100.00%	0.00%
Conservative Income Fund	0.00%	0.00%	100.00%	0.00%	100.00%	0.00%
Tax-Free Conservative Income Fund	0.58%	0.00%	0.00%	99.42%	100.00%	0.00%
Real Return Fund	0.00%	0.00%	100.00%	0.00%	100.00%	0.00%
Dynamic Asset Allocation Fund	0.00%	0.00%	100.00%	0.00%	100.00%	0.00%
Multi-Strategy Alternative Fund	0.00%	0.00%	100.00%	0.00%	100.00%	0.40%
Multi-Asset Accumulation Fund	0.00%	38.32%	61.68%	0.00%	100.00%	0.15%
Multi-Asset Income Fund	0.00%	0.00%	100.00%	0.00%	100.00%	4.47%
Multi-Asset Inflation Managed Fund	0.00%	0.00%	100.00%	0.00%	100.00%	7.43%
Multi-Asset Capital Stability Fund	0.00%	6.40%	93.60%	0.00%	100.00%	1.28%


SEI Institutional Managed Trust / Annual Report / September 30, 2020			419

Notice to Shareholders (Unaudited) (Concluded)


	(F) Qualifying Dividend Income (15% Tax Rate for QDI) (2)	U.S. Government Interest (3)	Interest Related Dividends (4)	Short-Term Capital Gain Dividends (5)	Qualifying Business Income (6)
Large Cap Fund	100.00%	0.00%	0.01%	0.00%	0.00%
Large Cap Value Fund	97.36%	0.00%	0.00%	0.00%	0.00%
Large Cap Growth Fund	68.96%	0.00%	0.00%	0.00%	0.00%
Large Cap Index Fund	97.70%	0.00%	0.03%	100.00%	0.00%
Tax-Managed Large Cap Fund	100.00%	0.00%	0.00%	0.00%	0.00%
S&P 500 Index Fund	99.10%	0.00%	0.02%	100.00%	0.00%
Small Cap Fund	100.00%	0.00%	1.50%	0.00%	0.00%
Small Cap Value Fund	82.65%	0.00%	0.00%	0.00%	0.00%
Small Cap Growth Fund	0.00%	0.00%	0.00%	0.00%	0.00%
Tax-Managed Small/Mid Cap Fund	100.00%	0.00%	0.90%	0.00%	0.00%
Mid-Cap Fund	84.02%	0.00%	0.00%	0.00%	0.00%
U.S. Managed Volatility Fund	98.29%	0.00%	0.01%	100.00%	0.00%
Global Managed Volatility Fund	93.39%	0.00%	0.10%	0.00%	0.00%
Tax-Managed Managed Volatility Fund	100.00%	0.00%	0.01%	0.00%	0.00%
Tax-Managed International Managed Volatility Fund	100.00%	0.00%	0.11%	0.00%	0.00%
Real Estate Fund	0.00%	0.00%	0.00%	0.00%	100.00%
Core Fixed Income Fund	0.00%	6.97%	33.09%	100.00%	0.00%
High Yield Bond Fund	0.00%	0.00%	81.49%	0.00%	1.34%
Conservative Income Fund	0.00%	0.78%	96.91%	100.00%	0.00%
Tax-Free Conservative Income Fund	0.00%	0.00%	0.00%	0.00%	0.00%
Real Return Fund	0.00%	0.00%	67.25%	0.00%	0.00%
Dynamic Asset Allocation Fund	0.00%	0.00%	0.00%	0.00%	0.00%
Multi-Strategy Alternative Fund	1.81%	0.00%	25.53%	0.00%	0.00%
Multi-Asset Accumulation Fund`	0.32%	0.00%	0.79%	100.00%	0.00%
Multi-Asset Income Fund	4.65%	0.00%	72.41%	100.00%	48.34%
Multi-Asset Inflation Managed Fund	7.56%	0.00%	14.97%	0.00%	0.00%
Multi-Asset Capital Stability Fund	2.52%	0.00%	14.41%	100.00%	0.00%

The Funds intend to pass through foreign tax credit to shareholders. For the fiscal year ended September 30, 2020, the amount of foreign source income and foreign tax credit are as follows:


Fund	Foreign Source Income		Foreign Tax Credit Pass Through
Tax-Managed International Managed Volatility Fund	$	1,413,564	$	1,406,064

(1)	Qualifying dividends represent dividends which qualify for the corporate dividends received deduction.

(2)

The percentage in this column represents the amount of “Qualifying Dividend Income” is reflected as a percentage of “Ordinary Income Distributions.” It is the intention of each of the aforementioned funds to designate the maximum amount permitted by the law. The information reported herein may differ from the information and distributions taxable to the shareholders for the calendar year ending December 31, 2019. Complete information will be computed and reported in conjunction with your 2019 Form 1099-DIV.

(3)

“U.S. Government Interest” represents the amount of interest that was derived from direct U.S. Government obligations and distributed during the fiscal year. This amount is reflected as a percentage of total ordinary income distributions (the total of short term capital gain and net investment income distributions). Generally, interest from direct U.S. Government obligations is exempt from state income tax. However, for shareholders of the SEI Institutional Trust, who are residents of California, Connecticut and New York, the statutory threshold requirements were not satisfied to permit exemption of these amounts from state income.

(4)	The percentage in this column represents the amount of “Interest Related Dividend” is reflected as a percentage of ordinary income distribution. Interest related dividends are exempted from U.S. withholding tax when paid to foreign investors.

(5)	The percentage in this column represents the amount of “Short Term Capital Gain Dividend” is reflected as a percentage of short term capital gain distribution that is exempted from U.S. withholding tax when paid to foreign investors.

(6)	The percentage in this column represents the amount of ordinary dividend income that qualified for 20% Business Income Deduction.

Items

(A) and (B) are based on the percentage of each Fund’s total distribution.


420		SEI Institutional Managed Trust / Annual Report / September 30, 2020

Items (C), (D) and (E) are based on the percentage of ordinary income distributions of each Fund.

Item (F) is based on the percentage of gross income of each Fund.

Please consult your tax adviser for proper treatment of this information. This notification should be kept with your permanent tax records.


SEI Institutional Managed Trust / Annual Report / September 30, 2020			421

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SEI Institutional Managed Trust / Annual Report / September 30, 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

Peter Rodriguez

Controller and Chief Financial Officer

Glenn Kurdziel

Assistant Controller

Russell Emery

Chief Compliance Officer

Timothy D. Barto

Vice President, Secretary

Aaron Buser

Vice President, Assistant Secretary

David F. McCann

Vice President, Assistant Secretary

Stephen G. MacRae

Vice President

Bridget E. Sudall

Anti-Money Laundering Compliance Officer

Privacy Officer

Investment Adviser

SEI Investments Management Corporation

Administrator

SEI Investments Global Funds Services

Distributor

SEI Investments Distribution Co.

Legal Counsel

Morgan, Lewis & Bockius LLP

Independent Registered Public Accounting Firm

KPMG LLP

This report and the financial statements contained herein are submitted for the general information of the shareholders of the Trust and must be preceded or accompanied by a current prospectus. Shares of the Funds are not deposits or obligations of, or guaranteed or endorsed by, any bank. The shares are not federally insured by the Federal Deposit Insurance Corporation (“FDIC”), the Federal Reserve Board, or any other government agency. Investment in the shares involves risk, including the possible loss of principal.

For more information call

1 800 DIAL SEI

(1 800 342 5734)

LOGO

1 Freedom Valley Drive, P.O. Box 1100, Oaks, PA 19456

SEI-F-87 (9/20)

Item 2. Code of Ethics.

The Registrant has adopted a code of ethics that applies to the Registrant’s principal executive officer, principal financial officer, principal accounting officer, or controller, or persons performing similar functions.

Item 3. Audit Committee Financial Expert.

(a) (1) The Registrant’s Board of Trustees has determined that the Registrant has three audit committee financial experts serving on the audit committee.

(a) (2) The audit committee financial experts are Susan C. Cote, George J. Sullivan, Jr. and Hubert L. Harris, Jr.. Ms. Cote and Messrs. Sullivan and Harris are independent as defined in Form N-CSR Item 3 (a) (2).

Item 4. Principal Accountant Fees and Services.

Fees billed by KPMG LLP (“KPMG”) related to the Registrant.

KPMG billed the Registrant aggregate fees for services rendered to the Registrant for the fiscal years 2020 and 2019 as follows:


		Fiscal Year 2020			Fiscal Year 2019
		All fees and services to the Registrant that were pre- approved	All fees and services to service affiliates that were pre- approved	All other fees and services to service affiliates that did not require pre-approval	All fees and services to the Registrant that were pre- approved	All fees and services to service affiliates that were pre- approved	All other fees and services to service affiliates that did not require pre-approval
(a)	Audit Fees(1)	$974,060	N/A	$0	$956,875	$0	N/A
(b)	Audit- Related Fees	$0	$0	$0	$0	$0	$0
(c)	Tax Fees (3)	$0	$0	$0	$0	$0	$0

(d)	All Other Fees(2)	$0	$534,502	$0	$0	$289,100	$0

Notes:

(1)

Audit fees include amounts related to the audit of the Registrant’s annual financial statements and services normally provided by the accountant in connection with statutory and regulatory filings.

(2)

See Item 4(g) for a description of the services comprising the fees disclosed under this category.

(3)

Tax fees include amounts related to tax compliance and consulting services

(e)(1) The Registrant’s Audit Committee has adopted and the Board of Trustees has ratified an Audit and Non-Audit Services Pre-Approval Policy (the “Policy”), which sets forth the procedures and the conditions pursuant to which services proposed to be performed by the independent auditor of the Registrant may be pre-approved. In any instance where services require pre-approval, the Audit Committee will consider whether such services are consistent with SEC’s rules on auditor independence and whether the provision of such services would compromise the auditor’s independence.

The Policy provides that all requests or applications for proposed services to be provided by the independent auditor must be submitted to the Registrant’s Chief Financial Officer (“CFO”) and must include a detailed description of the services proposed to be rendered. The CFO will determine whether such services: (1) require specific pre-approval; (2) are included within the list of services that have received the general pre-approval of the Audit Committee pursuant to the Policy; or (3) have been previously pre-approved in connection with the independent auditor’s annual engagement letter for the applicable year or otherwise.

Requests or applications to provide services that require specific pre-approval by the Audit Committee will be submitted to the Audit Committee by the CFO. The Audit Committee has delegated specific pre-approval authority to either the Audit Committee Chair or financial experts, provided that the estimated fee for any such proposed pre-approved service does not exceed $100,000 and any pre-approval decisions are reported to the Audit Committee at its next regularly scheduled meeting.

Services that have received the general pre-approval of the Audit Committee are identified and described in the Policy. In addition, the Policy sets forth a maximum fee per engagement with respect to each identified service that has received general pre-approval. The Audit Committee will annually review and pre-approve the services that may be provided by the independent auditor during the following twelve months without obtaining specific pre-approval from the Audit Committee.

The Audit Committee will be informed by the CFO on a quarterly basis of all services rendered by the independent auditor.

All services to be provided by the independent auditor shall be provided pursuant to a signed written engagement letter with the Registrant, the investment advisor or applicable control affiliate (except that matters as to which an engagement letter would be impractical because of timing issues or because the matter is small may not be the subject of an engagement letter) that sets forth both the services to be provided by the independent auditor and the total fees (or the manner of their determination) to be paid to the independent auditor for those services.

In addition, the Audit Committee has determined to take additional measures on an annual basis to meet its responsibility to oversee the work of the independent auditor and to assure the auditor’s independence from the Registrant, such as reviewing a formal written statement from the independent auditor delineating all relationships between the independent auditor and the Registrant, and discussing with the independent auditor its methods and procedures for ensuring independence.

(e)(2) Percentage of fees billed applicable to non-audit services pursuant to waiver of pre-approval requirement were as follows:


	Fiscal 2020	Fiscal 2019
Audit-Related Fees	0%	0%
Tax Fees	0%	0%
All Other Fees	0%	0%

(f) Not Applicable.

(g)(1) The aggregate non-audit fees and services billed by KPMG for the fiscal years 2020 and 2019 were $534,502 and $289,100, respectively. Non-audit fees consist of a SSAE No. 16 review of fund accounting and administration operations and an attestation report in accordance with Rule 17Ad-13.

(h) During the past fiscal year, the Registrant’s principal accountant provided certain non-audit services to the Registrant’s investment adviser or to entities controlling, controlled by, or under common control with the Registrant’s investment adviser that provide ongoing services to the Registrant that were not subject to pre-approval pursuant to paragraph (c)(7)(ii) of Rule 2-01 of Regulation S-X. The Audit Committee of the Registrant’s Board of Trustees reviewed and considered these non-audit services provided by the Registrant’s principal accountant to the Registrant’s

affiliates, including whether the provision of these non-audit services is compatible with maintaining the principal accountant’s independence.

Item 5. Audit Committee of Listed Registrants.

Not applicable.

Item 6. 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

September 30, 2020

Large Cap Fund


Description	Shares		Market Value ($ Thousands)

COMMON STOCK — 99.2%

Communication Services — 5.9%
Alphabet Inc, Cl A *		9,728	$	14,257
Alphabet Inc, Cl C *		1,577		2,318
AT&T Inc		360,271		10,271
Comcast Corp, Cl A		322,884		14,937
Facebook Inc, Cl A *		122,609		32,111
Fox Corp		14,250		397
Match Group Inc *		8,644		956
Netflix Inc *		6,810		3,405
Pinterest Inc, Cl A *		185,741		7,710
Spotify Technology SA *		12,889		3,127
TEGNA Inc		131,810		1,549
T-Mobile US Inc *		83,072		9,500
Verizon Communications Inc		348,594		20,738
Zynga Inc, Cl A *		47,844		436


				121,712


Consumer Discretionary — 12.0%
Alibaba Group Holding ADR *		50,499		14,846
Amazon.com Inc, Cl A *		16,137		50,811
Best Buy Co Inc		82,718		9,206
BorgWarner Inc		363,366		14,077
Bright Horizons Family Solutions Inc *		2,809		427
Brinker International Inc *		24,507		1,047
Carnival Corp *(A)		59,440		902
Darden Restaurants Inc		32,350		3,259
Dick’s Sporting Goods Inc		71,308		4,127
Dillard’s Inc, Cl A (A)		14,199		519
Dollar General Corp		62,630		13,128
DR Horton Inc		43,190		3,266
eBay Inc		191,197		9,961
Foot Locker Inc, Cl A		57,494		1,899
Ford Motor Co *		152,816		1,018
General Motors Co *		277,570		8,213
Goodyear Tire & Rubber Co/The *		63,073		484
Harley-Davidson Inc, Cl A		78,861		1,935
Kohl’s Corp *		46,679		865
Lear Corp *		27,328		2,980
Leggett & Platt Inc		78,382		3,227
Lennar Corp, Cl A		6,546		535
Lowe’s Cos Inc		131,189		21,759
Lululemon Athletica Inc *		7,722		2,543
Magna International Inc, Cl A		69,414		3,176
MercadoLibre Inc *		2,290		2,479
NIKE Inc, Cl B		51,105		6,416
O’Reilly Automotive Inc *		17,020		7,848
PulteGroup Inc		227,047		10,510
Ross Stores Inc *		148,633		13,870
Royal Caribbean Cruises Ltd *		25,223		1,633
Starbucks Corp		49,414		4,246
Target Corp, Cl A		73,957		11,642
Tesla Inc *		5,888		2,526
Ulta Beauty Inc *		7,485		1,676


Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Vail Resorts Inc *		5,449	$	1,166
Whirlpool Corp		27,260		5,013
Wyndham Destinations Inc		43,982		1,353
Yum China Holdings Inc *		17,946		950


				245,538


Consumer Staples — 7.4%
Altria Group Inc		157,178		6,073
Coca-Cola Co/The		108,722		5,368
Coca-Cola European Partners PLC		78,224		3,036
Conagra Brands Inc		268,905		9,603
Ingredion Inc		89,406		6,766
J M Smucker Co/The		96,631		11,163
Kraft Heinz Co/The		32,618		977
Kroger Co/The		771,150		26,150
Molson Coors Beverage Co, Cl B *		168,794		5,665
Monster Beverage Corp *		5,068		406
PepsiCo Inc		69,802		9,675
Philip Morris International Inc		152,724		11,453
Pilgrim’s Pride Corp *(A)		84,795		1,269
Procter & Gamble Co/The		8,177		1,136
Sysco Corp, Cl A		287,393		17,882
Tyson Foods Inc, Cl A		120,839		7,187
Unilever NV		360,186		21,755
US Foods Holding Corp *		79,940		1,776
Walgreens Boots Alliance Inc		107,539		3,863


				151,203


Energy — 1.8%
BP PLC ADR		179,628		3,136
Canadian Natural Resources Ltd		173,812		2,783
Chevron Corp		171,525		12,350
ConocoPhillips		123,466		4,055
Devon Energy Corp		180,549		1,708
HollyFrontier Corp		89,043		1,755
Marathon Petroleum Corp		185,625		5,446
Phillips 66		56,572		2,933
Valero Energy Corp		63,165		2,736


				36,902


Financials — 14.1%
Aflac Inc		237,177		8,621
Allstate Corp/The		20,140		1,896
Ameriprise Financial Inc		25,787		3,974
Annaly Capital Management Inc ^‡		749,406		5,336
Assured Guaranty Ltd		18,296		393
Banco Santander SA ADR *(A)		543,339		1,005
Bank of America Corp		1,057,602		25,478
Bank of New York Mellon Corp/The		34,527		1,186
Berkshire Hathaway Inc, Cl B *		119,081		25,357
BlackRock Inc		3,135		1,767
Capital One Financial Corp		219,455		15,770
Charles Schwab Corp/The		230,432		8,349
CIT Group Inc		24,733		438

SEI Institutional Managed Trust / Annual Report / September 30, 2020

SCHEDULE OF INVESTMENTS

September 30, 2020

Large Cap Fund (Continued)


Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Citigroup Inc		382,822	$	16,504
Citizens Financial Group Inc		91,232		2,306
Comerica Inc		44,417		1,699
Discover Financial Services		51,876		2,997
Essent Group Ltd		54,272		2,009
Everest Re Group Ltd		6,429		1,270
Fifth Third Bancorp		218,622		4,661
First Republic Bank/CA		120,561		13,148
Goldman Sachs Group Inc/The		8,969		1,802
Hartford Financial Services Group Inc/The		39,190		1,444
Intercontinental Exchange Inc		50,100		5,012
JPMorgan Chase & Co		135,358		13,031
KeyCorp		155,139		1,851
KKR & Co Inc		55,247		1,897
Lincoln National Corp		51,216		1,605
Markel Corp *		14,103		13,732
Marsh & McLennan Cos Inc		103,606		11,884
MetLife Inc		13,335		496
MFA Financial Inc ^‡		177,344		475
Moody’s Corp		39,148		11,347
Morgan Stanley		84,421		4,082
PNC Financial Services Group Inc/The		13,677		1,503
Popular Inc		49,902		1,810
Progressive Corp/The		4,517		428
Prudential Financial Inc		6,456		410
Radian Group Inc		84,483		1,234
Regions Financial Corp		253,557		2,923
Reinsurance Group of America Inc, Cl A		5,459		520
S&P Global Inc		42,177		15,209
SLM Corp		335,544		2,715
State Street Corp		201,677		11,965
T Rowe Price Group Inc		3,799		487
Travelers Cos Inc/The		21,675		2,345
Two Harbors Investment Corp ^‡		494,781		2,518
US Bancorp		240,062		8,606
Voya Financial Inc		83,766		4,015
Wells Fargo & Co		226,274		5,320
Willis Towers Watson PLC		53,595		11,192
Zions Bancorp NA		111,259		3,251


				289,273


Health Care — 16.2%
AbbVie Inc		65,551		5,742
Agilent Technologies Inc		47,500		4,795
Alexion Pharmaceuticals Inc *		48,114		5,506
Align Technology Inc *		5,948		1,947
AmerisourceBergen Corp, Cl A		106,610		10,333
Amgen Inc, Cl A		83,193		21,144
AstraZeneca PLC ADR		32,144		1,762
Becton Dickinson and Co		64,212		14,941
Biogen Inc *		14,183		4,023
Boston Scientific Corp *		133,317		5,094
Bristol-Myers Squibb Co		224,491		13,535


Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Cardinal Health Inc		43,195	$	2,028
CVS Health Corp		315,444		18,422
Danaher Corp, Cl A		57,686		12,422
DaVita Inc *		25,364		2,172
DexCom Inc *		6,345		2,616
Gilead Sciences Inc		45,204		2,856
Guardant Health Inc *		22,149		2,476
HCA Healthcare Inc *		43,262		5,394
Hill-Rom Holdings Inc		9,975		833
Humana Inc		28,530		11,808
Jazz Pharmaceuticals PLC *		41,757		5,954
Johnson & Johnson		233,859		34,817
McKesson Corp		30,243		4,504
Medtronic PLC		56,702		5,892
Merck & Co Inc		432,144		35,846
Mettler-Toledo International Inc *		9,566		9,238
Mylan NV *		134,041		1,988
Pfizer Inc		332,936		12,219
Quidel Corp *		7,339		1,610
Regeneron Pharmaceuticals Inc *		11,069		6,196
Teleflex Inc		37,086		12,625
UnitedHealth Group Inc		82,445		25,704
Vertex Pharmaceuticals Inc *		41,075		11,178
Zimmer Biomet Holdings Inc		97,355		13,254


				330,872


Industrials — 9.4%
3M Co		36,960		5,920
AGCO Corp		49,960		3,711
Allison Transmission Holdings Inc		79,368		2,789
American Airlines Group Inc *(A)		48,305		594
AMETEK Inc		110,646		10,998
Chart Industries Inc *		54,973		3,863
Cintas Corp		13,785		4,588
CSX Corp		25,998		2,019
Cummins Inc		43,439		9,173
Delta Air Lines Inc, Cl A *		36,240		1,108
Emerson Electric Co		62,550		4,101
FedEx Corp		30,481		7,667
Fortive Corp		150,927		11,502
HD Supply Holdings Inc *		35,626		1,469
Honeywell International Inc		158,289		26,056
Huntington Ingalls Industries Inc, Cl A		16,674		2,347
L3Harris Technologies Inc		55,396		9,408
ManpowerGroup Inc		29,203		2,141
MasTec Inc *		31,740		1,339
Nordson Corp		12,984		2,491
Otis Worldwide Corp		92,610		5,781
Owens Corning		14,534		1,000
Raytheon Technologies Corp		51,071		2,939
Rockwell Automation Inc		47,298		10,438
Roper Technologies Inc		30,611		12,095
Spirit AeroSystems Holdings Inc, Cl A		26,805		507

SEI Institutional Managed Trust / Annual Report / September 30, 2020

SCHEDULE OF INVESTMENTS

September 30, 2020

Large Cap Fund (Continued)


Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Stanley Black & Decker Inc		88,404	$	14,339
Textron Inc		87,866		3,171
Timken Co/The		90,317		4,897
TransDigm Group Inc *		13,606		6,464
Trex Co Inc *		10,232		733
Uber Technologies Inc *		66,264		2,417
Union Pacific Corp		11,599		2,284
United Airlines Holdings Inc *		24,631		856
WW Grainger Inc		33,540		11,966


				193,171


Information Technology — 22.7%
Adobe Inc *		62,259		30,534
Advanced Micro Devices Inc *		23,197		1,902
Amdocs Ltd		6,700		385
Amphenol Corp, Cl A		28,176		3,051
Apple Inc		560,820		64,949
Applied Materials Inc		146,722		8,723
Arista Networks Inc *		12,641		2,616
Automatic Data Processing Inc		24,504		3,418
Avalara Inc *		18,228		2,321
Cadence Design Systems Inc *		14,606		1,557
Ciena Corp *		9,788		388
Cisco Systems Inc		151,519		5,968
Cognizant Technology Solutions Corp, Cl A		6,236		433
Crowdstrike Holdings Inc, Cl A *		11,328		1,556
DXC Technology Co *		23,705		423
Fidelity National Information Services Inc, Cl B		82,786		12,187
Fiserv Inc, Cl A *		53,932		5,558
Fortinet Inc *		19,347		2,279
Global Payments Inc		88,067		15,639
Hewlett Packard Enterprise Co		262,573		2,460
HP Inc		130,088		2,470
Intel Corp		213,871		11,074
International Business Machines Corp		24,273		2,953
Intuit Inc		80,673		26,316
IPG Photonics Corp *		22,061		3,750
Lam Research Corp		27,062		8,978
Marvell Technology Group Ltd		114,440		4,543
Microchip Technology Inc		196,410		20,183
Micron Technology Inc *		39,443		1,852
Microsoft Corp		242,452		50,995
Monolithic Power Systems Inc		1,542		431
Motorola Solutions Inc		83,174		13,043
NVIDIA Corp		18,136		9,816
NXP Semiconductors NV		51,083		6,376
ON Semiconductor Corp *		128,798		2,794
Oracle Corp, Cl B		102,994		6,149
PayPal Holdings Inc *		89,171		17,569
Qorvo Inc *		9,899		1,277
QUALCOMM Inc		155,874		18,343
RingCentral Inc, Cl A *		6,672		1,832


Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
salesforce.com *		89,011	$	22,370
SAP SE ADR		94,600		14,740
Seagate Technology PLC		77,003		3,794
Teradyne Inc		5,223		415
Trade Desk Inc/The, Cl A *		1,679		871
Visa Inc, Cl A		139,382		27,872
Vishay Intertechnology Inc		103,407		1,610
Xerox Holdings Corp		45,344		851
Xilinx Inc		148,834		15,514


				465,128


Materials — 4.3%
Air Products and Chemicals Inc		29,483		8,782
Alcoa Corp *		129,441		1,505
AptarGroup Inc		26,627		3,014
Arconic *		45,841		873
Avery Dennison Corp		80,276		10,263
Berry Global Group Inc *		7,848		379
Cabot Corp		44,229		1,594
Celanese Corp, Cl A		33,551		3,605
Corteva Inc		148,085		4,266
Crown Holdings Inc *		54,160		4,163
DuPont de Nemours Inc		38,689		2,146
Eastman Chemical Co		76,545		5,980
Ecolab Inc		54,146		10,821
Freeport-McMoRan Inc, Cl B *		184,624		2,888
Huntsman Corp		243,905		5,417
Linde PLC		25,508		6,074
LyondellBasell Industries NV, Cl A		22,251		1,569
Newmont Corp		45,153		2,865
O-I Glass Inc, Cl I *		109,476		1,159
Reliance Steel & Aluminum Co		27,414		2,797
Sherwin-Williams Co/The, Cl A		6,519		4,542
Steel Dynamics Inc		57,542		1,647
Westrock Co		41,760		1,451


				87,800


Real Estate — 2.5%
American Homes 4 Rent, Cl A ^‡		185,198		5,274
American Tower Corp, Cl A ^‡		43,396		10,490
Boston Properties Inc ^‡		30,673		2,463
Crown Castle International Corp ^‡		125,992		20,978
Diversified Healthcare Trust ^‡		179,413		632
Gaming and Leisure Properties Inc ^‡		78,682		2,906
Host Hotels & Resorts Inc *^‡		200,026		2,158
Omega Healthcare Investors Inc ^‡		62,357		1,867
Service Properties Trust ^‡		98,409		782
VEREIT Inc ^‡		471,027		3,062


				50,612


Utilities — 2.9%
Exelon Corp		216,462		7,741
FirstEnergy Corp		235,122		6,750
NextEra Energy Inc		55,064		15,284

SEI Institutional Managed Trust / Annual Report / September 30, 2020

SCHEDULE OF INVESTMENTS

September 30, 2020

Large Cap Fund (Continued)


Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
NRG Energy Inc		116,872	$	3,593
PPL Corp		324,102		8,819
Sempra Energy		38,023		4,500
UGI Corp		201,792		6,655
Vistra Corp		340,776		6,427


				59,769


Total Common Stock (Cost $1,461,671) ($ Thousands)				2,031,980


AFFILIATED PARTNERSHIP — 0.7%
SEI Liquidity Fund, L.P.
0.100% **^†(B)		14,828,210		14,838


Total Affiliated Partnership (Cost $14,829) ($ Thousands)				14,838


Description	Shares		Market Value ($ Thousands)

CASH EQUIVALENT — 0.8%
SEI Daily Income Trust, Government Fund, Cl F
0.010%**^†		15,549,418	$	15,549


Total Cash Equivalent (Cost $15,549) ($ Thousands)				15,549


Total Investments in Securities — 100.7% (Cost $1,492,049) ($ Thousands)			$	2,062,367

A list of the open futures contracts held at September 30, 2020 is as follows:



Type of Contract	Number of Contracts Long/(Short)		Expiration Date		Notional Amount (Thousands)		Value (Thousands)		Unrealized Appreciation (Depreciation) (Thousands)
S&P 500 Index E-MINI		53		Dec-2020	$	8,755	$	8,883	$	128
S&P Mid Cap 400 Index E-MINI		4		Dec-2020		729		742		13

					$	9,484	$	9,625	$	141

Percentages are based on Net Assets of $2,047,377 ($ Thousands).

*	Non-income producing security.

**	Rate shown is the 7-day effective yield as of September 30, 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 September 30, 2020 (see Note 10). The total market value of securities on loan at September 30, 2020 was $14,527 ($ Thousands).

(B)	This security was purchased with cash collateral held from securities on loan (see Note 10). The total market value of such securities as of September 30, 2020 was $14,838 ($ 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 September 30, 2020, in valuing the Fund’s investments carried at value ($ Thousands):

Investments in Securities

Level 1
($)

Level 2
($)

Level 3
($)

Total
($)

Common Stock

2,031,980

–

2,031,980

Affiliated Partnership

–

14,838

–

14,838

Cash Equivalent

15,549

–

15,549

Total Investments in Securities

2,047,529

14,838

–

2,062,367

Other Financial Instruments

Level 1
($)

Level 2
($)

Level 3
($)

Total

($)

Futures Contracts*

Unrealized Appreciation

141

–

141

Total Other Financial Instruments

141

–

141

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

For the year ended September 30, 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 / Annual Report / September 30, 2020

SCHEDULE OF INVESTMENTS

September 30, 2020

Large Cap Fund (Continued)

The following is a summary of the Fund’s transactions with affiliates for the year ended September 30, 2020 ($ Thousands):



Security Description	Value 9/30/2019	Purchases at Cost	Proceeds from Sales	Realized Gain (Loss)	Change in Unrealized Appreciation (Depreciation)	Value 9/30/2020	Shares	Income	Capital Gains
SEI Liquidity Fund, L.P.	$29,711	$333,261	$(348,138)	$5	$(1)	$14,838	14,828,210	$286	$—
SEI Daily Income Trust, Government Fund, Cl F	22,022	462,452	(468,925)	—	—	15,549	15,549,418	139	—

Totals	$51,733	$795,713	$(817,062)	$5	$(1)	$30,387		$425	$—

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 / Annual Report / September 30, 2020

SCHEDULE OF INVESTMENTS

September 30, 2020

Large Cap Value Fund


Description	Shares		Market Value ($ Thousands)

COMMON STOCK — 98.7%

Communication Services — 7.6%
AT&T Inc		1,174,859	$	33,495
BCE Inc		325,173		13,485
Comcast Corp, Cl A		220,014		10,178
Facebook Inc, Cl A *		21,541		5,642
Fox Corp		167,773		4,669
News Corp, Cl A		17,119		240
Omnicom Group Inc		78,907		3,906
TEGNA Inc		207,913		2,443
Verizon Communications Inc		298,718		17,771
ViacomCBS Inc, Cl B		92,057		2,578


				94,407


Consumer Discretionary — 9.5%
Best Buy Co Inc		70,456		7,841
BorgWarner Inc		64,697		2,506
Brinker International Inc *		12,981		555
Carnival Corp *(A)		56,355		856
Darden Restaurants Inc		24,002		2,418
Dick’s Sporting Goods Inc		41,401		2,396
DR Horton Inc		13,719		1,038
eBay Inc		147,177		7,668
Foot Locker Inc, Cl A		48,988		1,618
Ford Motor Co *		192,027		1,279
General Motors Co *		368,443		10,902
Genuine Parts Co		148,224		14,107
Lear Corp *		25,073		2,734
Lennar Corp, Cl A		7,707		630
Lowe’s Cos Inc		69,017		11,447
Magna International Inc, Cl A		29,713		1,359
PulteGroup Inc		221,581		10,257
Royal Caribbean Cruises Ltd		9,299		602
Target Corp, Cl A		200,822		31,613
Ulta Beauty Inc *		12,966		2,904
Whirlpool Corp		16,140		2,968
Wyndham Destinations Inc		21,991		676


				118,374


Consumer Staples — 9.0%
Altria Group Inc		171,459		6,625
Diageo PLC ADR		58,368		8,035
Ingredion Inc		77,909		5,896
J M Smucker Co/The		17,876		2,065
Kimberly-Clark Corp		86,741		12,808
Kraft Heinz Co/The		72,282		2,165
Kroger Co/The		428,225		14,521
Molson Coors Beverage Co, Cl B *		144,940		4,864
Philip Morris International Inc		197,767		14,831
Pilgrim’s Pride Corp *		22,340		334
Procter & Gamble Co/The		47,243		6,566
TreeHouse Foods Inc *		33,898		1,374
Tyson Foods Inc, Cl A		120,546		7,170
Unilever NV		172,247		10,404


Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Walgreens Boots Alliance Inc		227,099	$	8,158
Walmart Inc		48,774		6,824


				112,640


Energy — 4.0%
BP PLC ADR		134,107		2,342
Canadian Natural Resources Ltd		133,180		2,132
Chevron Corp		191,290		13,773
ConocoPhillips		365,716		12,010
Devon Energy Corp		39,550		374
Exxon Mobil Corp		220,170		7,558
HollyFrontier Corp		71,368		1,407
Marathon Petroleum Corp		102,442		3,006
Phillips 66		83,815		4,345
Valero Energy Corp		77,386		3,352


				50,299


Financials — 18.2%
Aflac Inc		68,086		2,475
Allstate Corp/The		35,576		3,349
Ameriprise Financial Inc		29,427		4,535
Annaly Capital Management Inc ^‡		714,334		5,086
Banco Santander SA ADR *(A)		715,757		1,324
Bank of America Corp		947,713		22,830
Bank of New York Mellon Corp/The		201,580		6,922
Berkshire Hathaway Inc, Cl B *		51,321		10,928
BlackRock Inc		4,788		2,698
Capital One Financial Corp		32,423		2,330
Charles Schwab Corp/The		37,013		1,341
Chubb Ltd		99,531		11,558
Citigroup Inc		509,423		21,961
Citizens Financial Group Inc		131,190		3,317
Comerica Inc		47,951		1,834
Discover Financial Services		64,266		3,713
Essent Group Ltd		30,779		1,139
Everest Re Group Ltd		13,064		2,581
Fifth Third Bancorp		113,014		2,409
Goldman Sachs Group Inc/The		11,167		2,244
Hartford Financial Services Group Inc/The		38,984		1,437
JPMorgan Chase & Co		308,612		29,710
KeyCorp		125,944		1,503
KKR & Co Inc		54,103		1,858
Lincoln National Corp		25,951		813
MetLife Inc		76,945		2,860
Morgan Stanley		292,933		14,163
PNC Financial Services Group Inc/The		28,629		3,147
Popular Inc		58,412		2,119
Principal Financial Group Inc, Cl A		25,962		1,045
Prudential Financial Inc		54,813		3,482
Radian Group Inc		69,482		1,015
Regions Financial Corp		201,984		2,329
Reinsurance Group of America Inc, Cl A		16,152		1,537
SLM Corp		315,938		2,556

SEI Institutional Managed Trust / Annual Report / September 30, 2020

SCHEDULE OF INVESTMENTS

September 30, 2020

Large Cap Value Fund (Continued)


Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
State Street Corp		47,517	$	2,819
Synchrony Financial		78,552		2,056
T Rowe Price Group Inc		27,031		3,466
Travelers Cos Inc/The		54,308		5,876
Truist Financial Corp		279,754		10,645
Two Harbors Investment Corp ^‡		288,028		1,466
Unum Group		23,185		390
Voya Financial Inc		105,231		5,044
Wells Fargo & Co		347,438		8,168
Zions Bancorp NA		105,676		3,088


				227,166


Health Care — 14.6%
AbbVie Inc		35,209		3,084
Alexion Pharmaceuticals Inc *		45,394		5,194
AmerisourceBergen Corp, Cl A		19,296		1,870
Amgen Inc, Cl A		15,504		3,941
AstraZeneca PLC ADR		15,016		823
Baxter International Inc		12,635		1,016
Biogen Inc *		12,444		3,530
Bristol-Myers Squibb Co		132,673		7,999
Cardinal Health Inc		81,214		3,813
CVS Health Corp		130,111		7,598
DaVita Inc *		6,450		552
Eli Lilly and Co		58,043		8,592
Gilead Sciences Inc		81,054		5,122
HCA Healthcare Inc *		35,479		4,424
Jazz Pharmaceuticals PLC *		45,471		6,484
Johnson & Johnson		195,097		29,046
McKesson Corp		39,871		5,938
Medtronic PLC		136,072		14,141
Merck & Co Inc		256,713		21,294
Mylan NV *		58,786		872
Novartis AG ADR		159,130		13,838
Pfizer Inc		801,968		29,432
Regeneron Pharmaceuticals Inc *		3,882		2,173
Zimmer Biomet Holdings Inc		4,468		608


				181,384


Industrials — 10.1%
3M Co		61,376		9,831
AGCO Corp		40,664		3,020
Allison Transmission Holdings Inc		68,559		2,409
American Airlines Group Inc *(A)		41,207		506
Chart Industries Inc *		79,820		5,609
Cummins Inc		49,555		10,464
Delta Air Lines Inc, Cl A *		83,459		2,552
Emerson Electric Co		3,748		246
FedEx Corp		28,164		7,084
General Dynamics Corp		74,669		10,336
HD Supply Holdings Inc *		69,144		2,852
Honeywell International Inc		1,588		261
Huntington Ingalls Industries Inc, Cl A		15,906		2,239


Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Johnson Controls International plc		448,493	$	18,321
ManpowerGroup Inc		55,146		4,044
MasTec Inc *		21,646		914
Owens Corning		10,021		690
PACCAR Inc		44,233		3,772
Quanta Services Inc		4,668		247
Raytheon Technologies Corp		209,293		12,043
Robert Half International Inc		17,762		940
Siemens AG ADR (B)		197,944		13,787
Spirit AeroSystems Holdings Inc, Cl A		43,367		820
Textron Inc		73,052		2,636
Timken Co/The		50,058		2,714
United Airlines Holdings Inc *		55,557		1,931
United Parcel Service Inc, Cl B		36,874		6,144


				126,412


Information Technology — 10.5%
Amdocs Ltd		85,464		4,907
Applied Materials Inc		62,102		3,692
Arista Networks Inc *		15,129		3,131
Arrow Electronics Inc, Cl A *		34,306		2,699
Broadcom Inc		16,221		5,910
Cisco Systems Inc		433,981		17,095
Cognizant Technology Solutions Corp, Cl A		89,433		6,208
Corning Inc, Cl B		17,534		568
DXC Technology Co		104,602		1,867
Hewlett Packard Enterprise Co		479,116		4,489
HP Inc		436,539		8,290
Intel Corp		615,695		31,881
International Business Machines Corp		45,435		5,528
IPG Photonics Corp *		12,332		2,096
Lam Research Corp		9,078		3,012
Marvell Technology Group Ltd		74,411		2,954
Micron Technology Inc *		50,426		2,368
Microsoft Corp		49,419		10,394
ON Semiconductor Corp *		54,324		1,178
Oracle Corp, Cl B		151,211		9,027
Seagate Technology PLC		48,818		2,405
Vishay Intertechnology Inc		27,120		422
Xerox Holdings Corp		70,863		1,330


				131,451


Materials — 6.1%
Alcoa Corp *		58,263		678
Arconic *		21,703		413
Berry Global Group Inc *		21,032		1,016
Cabot Corp		38,287		1,380
Celanese Corp, Cl A		55,215		5,933
Corteva Inc		148,785		4,287
Crown Holdings Inc *		83,664		6,430
Dow Inc		153,907		7,241
DuPont de Nemours Inc		42,979		2,384
Eastman Chemical Co		107,242		8,378

SEI Institutional Managed Trust / Annual Report / September 30, 2020

SCHEDULE OF INVESTMENTS

September 30, 2020

Large Cap Value Fund (Continued)


Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Freeport-McMoRan Inc, Cl B *		196,659	$	3,076
Huntsman Corp		239,010		5,308
International Paper Co		143,790		5,829
LyondellBasell Industries NV, Cl A		43,433		3,062
Newmont Corp		82,239		5,218
O-I Glass Inc, Cl I *		117,858		1,248
PPG Industries Inc		28,537		3,484
Reliance Steel & Aluminum Co		42,909		4,378
Steel Dynamics Inc		124,165		3,555
Westrock Co		77,285		2,685


				75,983


Real Estate — 3.1%
Boston Properties Inc ^‡		45,740		3,673
Gaming and Leisure Properties Inc ^‡		70,424		2,601
Healthpeak Properties Inc ^‡		440,095		11,948
Host Hotels & Resorts Inc *^‡		245,572		2,650
Medical Properties Trust Inc ^‡		14,735		260
Omega Healthcare Investors Inc ^‡		71,538		2,142
VEREIT Inc ^‡		636,690		4,138
Welltower Inc ^‡		209,752		11,555


				38,967


Utilities — 6.0%
Consolidated Edison Inc		30,909		2,405
Duke Energy Corp		102,886		9,111
Exelon Corp		281,066		10,051
FirstEnergy Corp		162,424		4,663
MDU Resources Group Inc		132,082		2,972
NextEra Energy Inc		92,226		25,598


Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
NRG Energy Inc		92,753	$	2,851
PPL Corp		248,938		6,774
UGI Corp		111,195		3,667
Vistra Energy Corp		367,956		6,940


				75,032


Total Common Stock (Cost $1,081,871) ($ Thousands)				1,232,115


AFFILIATED PARTNERSHIP — 0.2%
SEI Liquidity Fund, L.P.
0.100% **^†(C)		2,816,100		2,813


Total Affiliated Partnership (Cost $2,816) ($ Thousands)				2,813


CASH EQUIVALENT — 1.1%
SEI Daily Income Trust, Government Fund, Cl F
0.010%**^†		13,610,816		13,611


Total Cash Equivalent (Cost $13,611) ($ Thousands)				13,611


Total Investments in Securities — 100.0% (Cost $1,098,298) ($ Thousands)			$	1,248,539

A list of the open futures contracts held at September 30, 2020 is as follows:



Type of Contract	Number of Contracts Long		Expiration Date		Notional Amount (Thousands)		Value (Thousands)		Unrealized Appreciation (Depreciation) (Thousands)
S&P 500 Index E-MINI		24		Dec-2020	$	4,018	$	4,022	$	4
S&P Mid Cap 400 Index E-MINI		21		Dec-2020		3,919		3,897		(22)

					$	7,937	$	7,919	$	(18)

Percentages are based on Net Assets of $1,248,215 ($ Thousands).

*	Non-income producing security.

**	The rate reported is the 7-day effective yield as of September 30, 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 September 30, 2020 (see Note 10). The total market value of securities on loan at September 30, 2020 was $2,679 ($ Thousands).

(B)	Securities considered illiquid. The total value of such securities as of September 30, 2020 was $13,787 ($ Thousands) and represented 1.1% of the Net Assets of the Fund.

(C)	This security was purchased with cash collateral held from securities on loan (see Note 10). The total market value of such securities as of September 30, 2020 was $2,813 ($ Thousands).

ADR — American Depositary Receipt

Cl — Class

L.P. — Limited Partnership

PLC — Public Limited Company

S&P — Standard & Poor’s

SEI Institutional Managed Trust / Annual Report / September 30, 2020

SCHEDULE OF INVESTMENTS

September 30, 2020

Large Cap Value Fund (Continued)

The following is a list of the level of inputs used as of September 30, 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

1,232,115

–

1,232,115

Affiliated Partnership

–

2,813

–

2,813

Cash Equivalent

13,611

–

13,611

Total Investments in Securities

1,245,726

2,813

–

1,248,539

Other Financial Instruments

Level 1
($)

Level 2
($)

Level 3
($)

Total

($)

Futures Contracts*

Unrealized Appreciation

–

Unrealized Depreciation

(22)

–

(22)

Total Other Financial Instruments

(18)

–

(18)

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

For the year ended September 30, 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 year ended September 30, 2020 ($ Thousands):



Security Description	Value 9/30/2019	Purchases at Cost	Proceeds from Sales	Realized Gain (Loss)	Change in Unrealized Appreciation (Depreciation)	Value 9/30/2020	Shares	Income	Capital Gains
SEI Liquidity Fund, L.P.	$899	$162,180	$(160,265)	$3	$(4)	$2,813	2,816,100	$132	$—
SEI Daily Income Trust, Government Fund, Cl F	17,909	254,289	(258,587)	—	—	13,611	13,610,816	117	—

Totals	$18,808	$416,469	$(418,852)	$3	$(4)	$16,424		$249	$—

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 / Annual Report / September 30, 2020

SCHEDULE OF INVESTMENTS

September 30, 2020

Large Cap Growth Fund


Description	Shares		Market Value ($ Thousands)

COMMON STOCK — 99.0%

Communication Services — 11.1%
Alphabet Inc, Cl A *		20,771	$	30,442
Alphabet Inc, Cl C *		18,421		27,072
Facebook Inc, Cl A *		208,782		54,680
IAC/InterActiveCorp *		961		115
Liberty Media Corp-Liberty SiriusXM *		8,874		294
Match Group Inc *		4,579		507
Netflix Inc *		26,086		13,044
Pinterest Inc, Cl A *		248,934		10,333
Sea ADR *		75,812		11,678
Spotify Technology SA *		1,175		285
T-Mobile US Inc *		218,244		24,958
Zynga Inc, Cl A *		31,700		289


				173,697


Consumer Discretionary — 16.6%
Alibaba Group Holding ADR *		105,731		31,083
Amazon.com Inc, Cl A *		34,997		110,196
AutoZone Inc *		18,115		21,333
Best Buy Co Inc		3,676		409
Booking Holdings Inc *		153		262
Bright Horizons Family Solutions Inc *		2,447		372
Dick’s Sporting Goods Inc		7,339		425
Domino’s Pizza Inc		787		335
eBay Inc		66,437		3,461
Garmin Ltd		5,123		486
Home Depot Inc/The		9,496		2,637
Las Vegas Sands Corp *		50,097		2,338
Lennar Corp, Cl A		113,243		9,250
Lowe’s Cos Inc		137,178		22,752
Lululemon Athletica Inc *		34,643		11,410
MercadoLibre Inc *		3,511		3,801
NIKE Inc, Cl B		91,789		11,523
Target Corp, Cl A		2,384		375
Tesla Inc *		32,995		14,155
TJX Cos Inc/The		218,854		12,179
Vail Resorts Inc *		6,414		1,372
Williams-Sonoma Inc		3,472		314
Yum China Holdings Inc *		5,939		315


				260,783


Consumer Staples — 4.2%
Colgate-Palmolive Co		135,082		10,422
Estee Lauder Cos Inc/The, Cl A		1,432		313
Kroger Co/The		115,877		3,929
Monster Beverage Corp *		47,229		3,788
Nu Skin Enterprises Inc, Cl A		9,375		470
PepsiCo Inc		173,227		24,009
Philip Morris International Inc		3,946		296
Procter & Gamble Co/The		94,377		13,117
Sprouts Farmers Market Inc *		85,722		1,794
US Foods Holding Corp *		346,681		7,703


Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Walmart Inc		2,371	$	332


				66,173


Financials — 4.6%
Allstate Corp/The		8,051		758
Apollo Global Management Inc, Cl A		74,656		3,341
CME Group Inc		25,461		4,260
FactSet Research Systems Inc		19,720		6,604
Intercontinental Exchange Inc		78,388		7,843
Moody’s Corp		63,407		18,378
Morgan Stanley		16,558		800
MSCI Inc, Cl A		34,227		12,211
New York Community Bancorp Inc		31,282		259
Progressive Corp/The		8,286		784
S&P Global Inc		34,065		12,284
T Rowe Price Group Inc		12,190		1,563
US Bancorp		74,835		2,683
Virtu Financial Inc, Cl A		13,360		308


				72,076


Health Care — 14.0%
Abbott Laboratories		77,879		8,476
Align Technology Inc *		25,584		8,375
Amgen Inc, Cl A		1,229		312
Becton Dickinson and Co		58,324		13,571
Boston Scientific Corp *		307,465		11,748
Bristol-Myers Squibb Co		5,169		312
Catalent Inc *		85,307		7,308
Centene Corp *		4,081		238
Danaher Corp, Cl A		107,411		23,129
DaVita Inc *		4,206		360
DexCom Inc *		17,283		7,125
Guardant Health Inc *		60,783		6,794
Humana Inc		744		308
IDEXX Laboratories Inc *		886		348
Johnson & Johnson		98,442		14,656
McKesson Corp		1,868		278
Merck & Co Inc		208,359		17,283
Mettler-Toledo International Inc *		11,254		10,869
Neurocrine Biosciences Inc *		61,920		5,954
Quidel Corp *		14,627		3,209
Regeneron Pharmaceuticals Inc *		552		309
Stryker Corp		30,035		6,259
Teladoc Health Inc *(A)		23,490		5,150
Teleflex Inc		23,262		7,919
UnitedHealth Group Inc		136,542		42,570
Veeva Systems Inc, Cl A *		11,111		3,124
Vertex Pharmaceuticals Inc *		48,811		13,283
Zoetis Inc, Cl A		2,135		351


				219,618


Industrials — 4.3%
Carrier Global Corp		295,271		9,018
Cintas Corp		17,860		5,944

SEI Institutional Managed Trust / Annual Report / September 30, 2020

SCHEDULE OF INVESTMENTS

September 30, 2020

Large Cap Growth Fund (Continued)


Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Clean Harbors Inc *		5,289	$	296
CoStar Group Inc *		1,960		1,663
Graco Inc		137,074		8,410
Lockheed Martin Corp		22,080		8,463
Middleby Corp/The *		53,729		4,820
Nordson Corp		1,545		296
Otis Worldwide Corp		103,519		6,462
Rockwell Automation Inc		1,392		307
Trane Technologies PLC		49,255		5,972
TransDigm Group Inc *		6,085		2,891
TransUnion		3,820		321
Uber Technologies Inc *		32,690		1,193
Union Pacific Corp		56,446		11,113


				67,169


Information Technology — 41.9%
Adobe Inc *		81,146		39,796
Advanced Micro Devices Inc *		38,130		3,126
Akamai Technologies Inc *		2,572		284
Analog Devices Inc		106,750		12,462
Apple Inc		1,086,832		125,866
Applied Materials Inc		317,267		18,862
Avalara Inc *		54,497		6,940
Booz Allen Hamilton Holding Corp, Cl A		3,926		326
Broadcom Inc		35,451		12,916
Cadence Design Systems Inc *		23,019		2,455
Ciena Corp *		5,302		210
Crowdstrike Holdings Inc, Cl A *		17,667		2,426
Dropbox Inc, Cl A *		12,708		245
EPAM Systems Inc *		18,381		5,942
Fastly Inc, Cl A *		3,515		329
Fidelity National Information Services Inc, Cl B		161,040		23,707
Fiserv Inc, Cl A *		102,816		10,595
Fortinet Inc *		17,013		2,004
GoDaddy Inc, Cl A *		6,378		485
Intuit Inc		48,626		15,862
Keysight Technologies Inc *		26,106		2,579
KLA Corp		29,372		5,691
Lam Research Corp		4,972		1,649
Manhattan Associates Inc *		3,132		299
Mastercard Inc, Cl A		102,843		34,778
Microchip Technology Inc		40,059		4,116
Microsoft Corp		656,625		138,108
Monolithic Power Systems Inc		1,131		316
NortonLifeLock Inc		14,235		297
NVIDIA Corp		32,045		17,343
NXP Semiconductors NV		121,801		15,202
Okta Inc, Cl A *		2,246		480
Oracle Corp, Cl B		303,871		18,141
Paycom Software Inc *		22,685		7,062
PayPal Holdings Inc *		137,809		27,153


Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Pure Storage Inc, Cl A *		214,582	$	3,302
Qorvo Inc *		52,188		6,733
QUALCOMM Inc		45,542		5,359
RingCentral Inc, Cl A *		13,141		3,609
salesforce.com *		101,213		25,437
ServiceNow Inc *		25,095		12,171
Teradyne Inc		5,325		423
Trade Desk Inc/The, Cl A *		4,975		2,581
VeriSign Inc *		7,394		1,515
Visa Inc, Cl A (A)		195,250		39,044


				658,226


Materials — 2.0%
Air Products and Chemicals Inc		1,631		486
Ecolab Inc		10,597		2,118
Linde PLC		22,277		5,305
Reliance Steel & Aluminum Co		2,965		302
Sherwin-Williams Co/The, Cl A		32,881		22,909


				31,120


Real Estate — 0.3%
Crown Castle International Corp ^‡		31,078		5,175
Highwoods Properties Inc ^‡		8,442		283


				5,458


Total Common Stock (Cost $780,356) ($ Thousands)				1,554,320


AFFILIATED PARTNERSHIP — 0.6%
SEI Liquidity Fund, L.P.
0.100% **^†(B)		9,034,939		9,033


Total Affiliated Partnership (Cost $9,035) ($ Thousands)				9,033


CASH EQUIVALENT — 1.0%
SEI Daily Income Trust, Government Fund, Cl F
0.010%**^†		15,423,741		15,424


Total Cash Equivalent (Cost $15,424) ($ Thousands)				15,424


Total Investments in Securities — 100.6% (Cost $804,815) ($ Thousands)			$	1,578,777

SEI Institutional Managed Trust / Annual Report / September 30, 2020

SCHEDULE OF INVESTMENTS

September 30, 2020

Large Cap Growth Fund (Continued)

A list of the open futures contracts held by the Fund at September 30, 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		77		Dec-2020	$	12,656	$	12,905	$	249

Percentages are based on Net Assets of $1,569,980 ($ Thousands).

*	Non-income producing security.

**	The rate reported is the 7-day effective yield as of September 30, 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 September 30, 2020 (See Note 10). The total market value of securities on loan at September 30, 2020 was $8,910 ($ Thousands).

(B)	This security was purchased with cash collateral held from securities on loan. The total market value of such securities as of September 30, 2020 was $9,033 ($ 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 September 30, 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

1,554,320

–

1,554,320

Affiliated Partnership

–

9,033

–

9,033

Cash Equivalent

15,424

–

15,424

Total Investments in Securities

1,569,744

9,033

–

1,578,777

Other Financial Instruments

Level 1
($)

Level 2
($)

Level 3
($)

Total

($)

Futures Contracts*

Unrealized Appreciation

249

–

249

Total Other Financial Instruments

249

–

249

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

For the year ended September 30, 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 year ended September 30, 2020 ($ Thousands):



Security Description	Value 9/30/2019	Purchases at Cost	Proceeds from Sales	Realized Gain (Loss)	Change in Unrealized Appreciation (Depreciation)	Value 9/30/2020	Shares	Income	Capital Gains
SEI Liquidity Fund, L.P.	$5,992	$219,406	$(216,371)	$10	$(4)	$9,033	9,034,939	$92	$—
SEI Daily Income Trust, Government Fund, Cl F	16,366	340,685	(341,627)	—	—	15,424	15,423,741	108	—

Totals	$22,358	$560,091	$(557,998)	$10	$(4)	$24,457		$200	$—

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 / Annual Report / September 30, 2020

SCHEDULE OF INVESTMENTS

September 30, 2020

Large Cap Index Fund



Description	Shares		Market Value ($ Thousands)
COMMON STOCK — 97.8%

Communication Services — 10.0%
Activision Blizzard Inc		16,708	$	1,353
Alphabet Inc, Cl A *		6,622		9,705
Alphabet Inc, Cl C *		6,537		9,607
Altice USA Inc, Cl A *		6,500		169
AT&T Inc		156,829		4,471
Cable One Inc		112		211
CenturyLink Inc		24,895		251
Charter Communications Inc, Cl A *		3,268		2,040
Comcast Corp, Cl A		99,643		4,609
Discovery Inc, Cl A *		3,600		78
Discovery Inc, Cl C *		7,117		140
DISH Network Corp, Cl A *		5,411		157
Electronic Arts Inc *		6,269		818
Facebook Inc, Cl A *		52,874		13,848
Fox Corp		11,031		307
GCI Liberty Inc *		2,200		180
IAC/InterActiveCorp *		1,620		194
Interpublic Group of Cos Inc/The		8,700		145
John Wiley & Sons Inc, Cl A		900		29
Liberty Broadband Corp, Cl A *		500		71
Liberty Broadband Corp, Cl C *		2,387		341
Liberty Media Corp-Liberty Formula One, Cl A *		500		17
Liberty Media Corp-Liberty Formula One, Cl C *		4,400		160
Liberty Media Corp-Liberty SiriusXM *		5,598		185
Lions Gate Entertainment Corp, Cl A *		300		3
Lions Gate Entertainment Corp, Cl B *		3,000		26
Live Nation Entertainment Inc *		3,290		177
Madison Square Garden Entertainment Corp *		407		28
Madison Square Garden Sports Corp *		407		61
Match Group Inc *		4,737		524
Netflix Inc *		9,387		4,694
New York Times Co/The, Cl A		3,500		150
News Corp, Cl A		8,800		123
News Corp, Cl B		2,300		32
Nexstar Media Group Inc, Cl A		900		81
Omnicom Group Inc		4,726		234
Pinterest Inc, Cl A *		8,800		365
Roku Inc, Cl A *		2,300		434
Sirius XM Holdings Inc		24,818		133
Spotify Technology SA *		2,860		694
Take-Two Interactive Software Inc, Cl A *		2,487		411
Telephone and Data Systems Inc		1,800		33
T-Mobile US Inc *		12,091		1,383
TripAdvisor Inc		2,000		39
Twitter Inc *		16,980		756
United States Cellular Corp *		345		10
Verizon Communications Inc		91,129		5,421
ViacomCBS Inc		19		1



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
ViacomCBS Inc, Cl B		12,092	$	339
Walt Disney Co/The		39,777		4,936
World Wrestling Entertainment Inc, Cl A		900		36
Zillow Group Inc, Cl A *		1,300		132
Zillow Group Inc, Cl C *		3,200		325
Zynga Inc, Cl A *		19,600		179


				70,846


Consumer Discretionary — 12.0%
Advance Auto Parts Inc		1,475		226
Amazon.com Inc, Cl A *		9,340		29,409
Aptiv PLC		6,014		551
Aramark		4,700		124
AutoNation Inc *		1,200		63
AutoZone Inc *		520		612
Best Buy Co Inc		4,980		554
Booking Holdings Inc *		897		1,534
BorgWarner Inc		4,700		182
Bright Horizons Family Solutions Inc *		1,300		198
Brunswick Corp/DE		1,900		112
Burlington Stores Inc *		1,453		299
Capri Holdings Ltd *		3,500		63
CarMax Inc *		3,600		331
Carnival Corp		10,327		157
Carter’s Inc		1,000		87
Carvana Co, Cl A *		1,200		268
Chegg Inc *		2,700		193
Chipotle Mexican Grill Inc, Cl A *		653		812
Choice Hotels International Inc		728		63
Columbia Sportswear Co		600		52
Darden Restaurants Inc		2,933		295
Dick’s Sporting Goods Inc		1,292		75
Dollar General Corp		5,596		1,173
Dollar Tree Inc *		5,118		467
Domino’s Pizza Inc		839		357
DR Horton Inc		7,200		545
Dunkin’ Brands Group Inc		1,914		157
eBay Inc		14,606		761
Etsy Inc *		2,600		316
Expedia Group Inc		2,943		270
Extended Stay America Inc		3,600		43
Five Below Inc *		1,283		163
Floor & Decor Holdings Inc, Cl A *		2,200		165
Foot Locker Inc, Cl A		2,500		83
Ford Motor Co		86,885		579
frontdoor Inc *		1,694		66
Gap Inc/The		4,000		68
Garmin Ltd		3,400		323
General Motors Co		27,691		819
Gentex Corp		5,435		140
Genuine Parts Co		3,076		293
Graham Holdings Co, Cl B		78		31
Grand Canyon Education Inc *		1,100		88

SEI Institutional Managed Trust / Annual Report / September 30, 2020

SCHEDULE OF INVESTMENTS

September 30, 2020

Large Cap Index Fund (Continued)



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Grubhub Inc *		2,100	$	152
H&R Block Inc		4,500		73
Hanesbrands Inc		7,600		120
Harley-Davidson Inc, Cl A		3,400		83
Hasbro Inc		2,802		232
Hilton Worldwide Holdings Inc		6,037		515
Home Depot Inc/The		23,635		6,564
Hyatt Hotels Corp, Cl A		694		37
Kohl’s Corp		3,325		62
L Brands Inc		5,300		169
Las Vegas Sands Corp		7,346		343
Lear Corp		1,350		147
Leggett & Platt Inc		3,100		128
Lennar Corp, Cl A		5,928		484
Lennar Corp, Cl B		250		16
LKQ Corp *		6,489		180
Lowe’s Cos Inc		16,615		2,756
Lululemon Athletica Inc *		2,493		821
Marriott International Inc/MD, Cl A		5,882		545
Mattel Inc *		8,100		95
McDonald’s Corp		16,326		3,583
MGM Resorts International		10,653		232
Mohawk Industries Inc *		1,359		133
Newell Brands Inc, Cl B		8,970		154
NIKE Inc, Cl B		26,643		3,345
Nordstrom Inc		2,700		32
Norwegian Cruise Line Holdings Ltd *		5,800		99
NVR Inc *		74		302
Ollie’s Bargain Outlet Holdings Inc *		1,200		105
O’Reilly Automotive Inc *		1,570		724
Peloton Interactive Inc, Cl A *		2,100		208
Penske Automotive Group Inc, Cl A		800		38
Planet Fitness Inc, Cl A *		1,800		111
Polaris Inc		1,231		116
Pool Corp		867		290
PulteGroup Inc		5,900		273
PVH Corp		1,649		98
Qurate Retail		1		—
Qurate Retail Inc		9,165		66
Ralph Lauren Corp, Cl A		936		64
Ross Stores Inc		7,644		713
Royal Caribbean Cruises Ltd		4,036		261
Service Corp International/US		3,800		160
ServiceMaster Global Holdings Inc *		3,200		128
Six Flags Entertainment Corp		1,900		39
Skechers USA Inc, Cl A *		3,032		92
Starbucks Corp		25,621		2,201
Tapestry Inc		5,608		88
Target Corp, Cl A		10,915		1,718
Tempur Sealy International Inc *		1,000		89
Tesla Inc *		16,310		6,997
Thor Industries Inc		1,200		114



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Tiffany & Co		2,649	$	307
TJX Cos Inc/The		26,244		1,460
Toll Brothers Inc		2,400		117
Tractor Supply Co		2,600		373
Ulta Beauty Inc *		1,181		264
Under Armour Inc, Cl A *		4,015		45
Under Armour Inc, Cl C *		3,900		38
Vail Resorts Inc		870		186
VF Corp		7,257		510
Vroom Inc *		500		26
Wayfair Inc, Cl A *(A)		1,475		429
Wendy’s Co/The		4,300		96
Whirlpool Corp		1,338		246
Williams-Sonoma Inc		1,700		154
Wyndham Destinations Inc		2,163		67
Wyndham Hotels & Resorts Inc		1,863		94
Wynn Resorts Ltd		2,215		159
Yum China Holdings Inc		8,985		476
Yum! Brands Inc		6,509		594


				84,903


Consumer Staples — 6.3%
Albertsons Cos Inc *		1,000		14
Altria Group Inc		40,750		1,575
Archer-Daniels-Midland Co		12,171		566
Beyond Meat Inc *		1,100		183
Boston Beer Co Inc/The, Cl A *		200		177
Brown-Forman Corp, Cl A		1,040		71
Brown-Forman Corp, Cl B		4,022		303
Bunge Ltd		3,000		137
Campbell Soup Co		3,800		184
Casey’s General Stores Inc		796		141
Church & Dwight Co Inc		5,510		516
Clorox Co/The		2,771		582
Coca-Cola Co/The		84,964		4,195
Colgate-Palmolive Co		18,498		1,427
Conagra Brands Inc		10,649		380
Constellation Brands Inc, Cl A		3,572		677
Costco Wholesale Corp		9,675		3,435
Coty Inc, Cl A		7,739		21
Energizer Holdings Inc		1,200		47
Estee Lauder Cos Inc/The, Cl A		4,895		1,068
Flowers Foods Inc		4,100		100
General Mills Inc		13,243		817
Grocery Outlet Holding Corp *		1,700		67
Hain Celestial Group Inc/The *		1,800		62
Herbalife Nutrition Ltd *		1,874		87
Hershey Co/The		3,310		474
Hormel Foods Corp		6,137		300
Ingredion Inc		1,410		107
J M Smucker Co/The		2,454		284
Kellogg Co		5,485		354
Keurig Dr Pepper Inc		8,546		236

SEI Institutional Managed Trust / Annual Report / September 30, 2020

SCHEDULE OF INVESTMENTS

September 30, 2020

Large Cap Index Fund (Continued)



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Kimberly-Clark Corp		7,526	$	1,111
Kraft Heinz Co/The		14,049		421
Kroger Co/The		17,088		579
Lamb Weston Holdings Inc		3,100		205
McCormick & Co Inc/MD		2,741		532
Molson Coors Beverage Co, Cl B		3,995		134
Mondelez International Inc, Cl A		31,025		1,782
Monster Beverage Corp *		8,077		648
Nu Skin Enterprises Inc, Cl A		1,200		60
PepsiCo Inc		30,551		4,234
Philip Morris International Inc		34,187		2,564
Pilgrim’s Pride Corp *		900		13
Post Holdings Inc *		1,507		130
Procter & Gamble Co/The		53,674		7,460
Reynolds Consumer Products Inc		900		28
Seaboard Corp		4		11
Spectrum Brands Holdings Inc		957		55
Sprouts Farmers Market Inc *		2,300		48
Sysco Corp, Cl A		10,563		657
TreeHouse Foods Inc *		1,100		45
Tyson Foods Inc, Cl A		6,471		385
US Foods Holding Corp *		5,197		116
Walgreens Boots Alliance Inc		16,041		576
Walmart Inc		30,694		4,294


				44,675


Energy — 1.9%
Antero Midstream Corp		6,300		34
Apache Corp		8,500		81
Baker Hughes Co, Cl A		14,802		197
Cabot Oil & Gas Corp		9,200		160
Cheniere Energy Inc *		5,273		244
Chevron Corp		41,087		2,959
Cimarex Energy Co		2,544		62
Concho Resources Inc		4,330		191
ConocoPhillips		23,947		786
Continental Resources Inc/OK, Cl A		1,800		22
Devon Energy Corp		8,700		82
Diamondback Energy Inc, Cl A		3,729		112
EOG Resources Inc		12,815		461
EQT Corp		5,000		65
Equitrans Midstream Corp (A)		9,660		82
Exxon Mobil Corp		93,069		3,195
Halliburton Co		19,345		233
Helmerich & Payne Inc		2,123		31
Hess Corp		5,900		242
HollyFrontier Corp		3,400		67
Kinder Morgan Inc		43,634		538
Marathon Oil Corp		17,192		70
Marathon Petroleum Corp		14,412		423
Murphy Oil Corp		3,000		27
National Oilwell Varco Inc, Cl A		9,100		82
Noble Energy Inc		10,743		92



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Occidental Petroleum Corp		19,423	$	194
ONEOK Inc		10,061		261
Parsley Energy Inc, Cl A		5,800		54
Phillips 66		9,562		496
Pioneer Natural Resources Co		3,574		307
Schlumberger NV, Cl A		30,473		474
Targa Resources Corp		5,300		74
Valero Energy Corp		9,022		391
Williams Cos Inc/The		27,173		534
WPX Energy Inc *		9,800		48


				13,371


Financials — 9.4%
Affiliated Managers Group Inc		1,033		71
Aflac Inc		15,433		561
AGNC Investment Corp ^‡		12,128		169
Alleghany Corp		268		139
Allstate Corp/The		6,823		642
Ally Financial Inc		8,558		215
American Express Co		14,301		1,434
American Financial Group Inc/OH		1,643		110
American International Group Inc		18,703		515
American National Group Inc		124		8
Ameriprise Financial Inc		2,632		406
Annaly Capital Management Inc ^‡		29,974		213
Aon PLC, Cl A		5,025		1,037
Apollo Global Management Inc, Cl A		3,700		166
Arch Capital Group Ltd *		8,489		248
Ares Management Corp, Cl A		2,200		89
Arthur J Gallagher & Co		4,066		429
Associated Banc-Corp		3,500		44
Assurant Inc		1,300		158
Assured Guaranty Ltd		1,700		37
Athene Holding Ltd, Cl A *		2,400		82
Axis Capital Holdings Ltd		1,623		71
Bank of America Corp		170,092		4,098
Bank of Hawaii Corp		848		43
Bank of New York Mellon Corp/The		17,585		604
Bank OZK		2,700		58
Berkshire Hathaway Inc, Cl B *		42,139		8,973
BlackRock Inc		3,255		1,834
BOK Financial Corp		600		31
Brighthouse Financial Inc *		2,100		56
Brown & Brown Inc		5,400		244
Capital One Financial Corp		10,080		724
Carlyle Group Inc/The		2,600		64
Cboe Global Markets Inc		2,500		219
Charles Schwab Corp/The		25,275		916
Chubb Ltd		9,994		1,160
Cincinnati Financial Corp		3,400		265
Citigroup Inc		45,685		1,969
Citizens Financial Group Inc		9,559		242
CME Group Inc		7,763		1,299

SEI Institutional Managed Trust / Annual Report / September 30, 2020

SCHEDULE OF INVESTMENTS

September 30, 2020

Large Cap Index Fund (Continued)



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
CNA Financial Corp		352	$	11
Comerica Inc		3,053		117
Commerce Bancshares Inc/MO		2,327		131
Credit Acceptance Corp, Cl A *		178		60
Cullen/Frost Bankers Inc		1,214		78
Discover Financial Services		6,920		400
E*TRADE Financial Corp		5,020		251
East West Bancorp Inc		3,100		101
Eaton Vance Corp		2,300		88
Equitable Holdings Inc		9,200		168
Erie Indemnity Co, Cl A		600		126
Evercore Inc, Cl A		983		64
Everest Re Group Ltd		925		183
FactSet Research Systems Inc		798		267
Fidelity National Financial Inc		6,210		194
Fifth Third Bancorp		15,600		333
First American Financial Corp		2,300		117
First Citizens BancShares Inc/NC, Cl A		130		41
First Hawaiian Inc		2,400		35
First Horizon National Corp		12,000		113
First Republic Bank/CA		3,853		420
FNB Corp/PA		6,200		42
Franklin Resources Inc		6,000		122
Globe Life Inc		2,301		184
GoHealth Inc, Cl A *		900		12
Goldman Sachs Group Inc/The		7,306		1,468
Hanover Insurance Group Inc/The, Cl A		789		74
Hartford Financial Services Group Inc/The		7,759		286
Huntington Bancshares Inc/OH		23,077		212
Interactive Brokers Group Inc, Cl A		1,421		69
Intercontinental Exchange Inc		11,812		1,182
Invesco Ltd		8,857		101
Jefferies Financial Group Inc		5,400		97
JPMorgan Chase & Co		66,608		6,412
Kemper Corp, Cl A		1,355		91
KeyCorp		21,588		258
KKR & Co Inc		11,700		402
Lazard Ltd, Cl A (B)		2,500		83
Lemonade Inc *		300		15
LendingTree Inc *		200		61
Lincoln National Corp		4,177		131
Loews Corp		5,489		191
LPL Financial Holdings Inc		1,700		130
M&T Bank Corp		2,878		265
Markel Corp *		300		292
MarketAxess Holdings Inc		811		391
Marsh & McLennan Cos Inc		11,111		1,274
Mercury General Corp		400		17
MetLife Inc		16,736		622
MGIC Investment Corp		8,400		74
Moody’s Corp		3,586		1,039
Morgan Stanley		24,115		1,166



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Morningstar Inc, Cl A		500	$	80
MSCI Inc, Cl A		1,727		616
Nasdaq Inc, Cl A		2,500		307
New Residential Investment Corp ^‡		7,940		63
New York Community Bancorp Inc		9,600		79
Northern Trust Corp		4,350		339
Old Republic International Corp		6,000		88
OneMain Holdings Inc, Cl A		1,681		53
PacWest Bancorp		2,200		38
People’s United Financial Inc		10,124		104
Pinnacle Financial Partners Inc		1,600		57
PNC Financial Services Group Inc/The		9,280		1,020
Popular Inc		1,900		69
Primerica Inc		881		100
Principal Financial Group Inc, Cl A		6,034		243
Progressive Corp/The		12,807		1,212
Prosperity Bancshares Inc		2,000		104
Prudential Financial Inc		8,869		563
Raymond James Financial Inc		2,670		194
Regions Financial Corp		21,512		248
Reinsurance Group of America Inc, Cl A		1,524		145
RenaissanceRe Holdings Ltd		1,075		182
Rocket Cos Inc, Cl A *		2,100		42
S&P Global Inc		5,239		1,889
Santander Consumer USA Holdings Inc		1,800		33
SEI Investments Co ^†		2,500		127
Signature Bank/New York NY, Cl B		1,178		98
SLM Corp		8,200		66
Starwood Property Trust Inc ^‡		5,800		88
State Street Corp		7,609		451
Sterling Bancorp/DE		4,000		42
SVB Financial Group, Cl B *		1,132		272
Synchrony Financial		13,256		347
Synovus Financial Corp		3,200		68
T Rowe Price Group Inc		4,971		637
TCF Financial Corp		3,417		80
TD Ameritrade Holding Corp		5,711		224
TFS Financial Corp		617		9
Tradeweb Markets Inc, Cl A		1,800		104
Travelers Cos Inc/The		5,608		607
Truist Financial Corp		29,484		1,122
Umpqua Holdings Corp		4,000		42
Unum Group		3,900		66
US Bancorp		29,726		1,066
Virtu Financial Inc, Cl A		1,400		32
Voya Financial Inc		2,600		125
W R Berkley Corp		3,000		183
Webster Financial Corp		2,000		53
Wells Fargo & Co		82,391		1,937
Western Alliance Bancorp		2,300		73
White Mountains Insurance Group Ltd		58		45
Willis Towers Watson PLC		2,886		603

SEI Institutional Managed Trust / Annual Report / September 30, 2020

SCHEDULE OF INVESTMENTS

September 30, 2020

Large Cap Index Fund (Continued)



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Wintrust Financial Corp		1,300	$	52
Zions Bancorp NA		3,700		108


				66,299


Health Care — 13.9%
10X Genomics Inc, Cl A *		1,200		150
Abbott Laboratories		37,966		4,132
AbbVie Inc		38,761		3,395
ABIOMED Inc *		948		263
Acadia Healthcare Co Inc, Cl A *		1,700		50
ACADIA Pharmaceuticals Inc *		2,400		99
Acceleron Pharma Inc *		1,200		135
Adaptive Biotechnologies Corp *		1,800		88
Agilent Technologies Inc		6,779		684
Agios Pharmaceuticals Inc *		1,400		49
Alexion Pharmaceuticals Inc *		4,648		532
Align Technology Inc *		1,749		573
Alkermes PLC *		3,700		61
Alnylam Pharmaceuticals Inc *		2,574		375
Amedisys Inc *		700		165
AmerisourceBergen Corp, Cl A		3,195		310
Amgen Inc, Cl A		12,983		3,300
Anthem Inc		5,560		1,493
Avantor Inc *		10,300		232
Baxter International Inc		11,128		895
Becton Dickinson and Co		6,065		1,411
Berkeley Lights Inc *		200		15
Biogen Inc *		3,463		982
BioMarin Pharmaceutical Inc *		3,937		300
Bio-Rad Laboratories Inc, Cl A *		500		258
Bio-Techne Corp		818		203
Bluebird Bio Inc *		1,500		81
Boston Scientific Corp *		31,296		1,196
Bristol-Myers Squibb Co		49,742		2,999
Bruker Corp		2,400		95
Cardinal Health Inc		6,500		305
Catalent Inc *		3,523		302
Centene Corp *		12,695		740
Cerner Corp		6,600		477
Change Healthcare Inc *		5,335		77
Charles River Laboratories International Inc *		1,100		249
Chemed Corp		336		161
Cigna Corp		7,972		1,351
Cooper Cos Inc/The, Cl A		1,058		357
CVS Health Corp		28,665		1,674
Danaher Corp, Cl A		13,774		2,966
DaVita Inc *		1,900		163
DENTSPLY SIRONA Inc		4,900		214
DexCom Inc *		2,048		844
Edwards Lifesciences Corp, Cl A *		13,504		1,078
Elanco Animal Health Inc *		8,977		251
Eli Lilly and Co		18,462		2,733



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Encompass Health Corp		2,300	$	149
Envista Holdings Corp *		3,400		84
Exact Sciences Corp *		3,300		336
Exelixis Inc *		6,600		161
Gilead Sciences Inc		27,500		1,738
Global Blood Therapeutics Inc *		1,300		72
Globus Medical Inc, Cl A *		1,600		79
Guardant Health Inc *		1,700		190
Haemonetics Corp *		1,100		96
HCA Healthcare Inc		5,912		737
Henry Schein Inc *		3,147		185
Hill-Rom Holdings Inc		1,450		121
Hologic Inc *		5,700		379
Horizon Therapeutics PLC *		4,300		334
Humana Inc		2,850		1,180
ICU Medical Inc *		459		84
IDEXX Laboratories Inc *		1,876		737
Illumina Inc *		3,261		1,008
Immunomedics Inc *		4,500		383
Incyte Corp *		3,943		354
Insulet Corp *		1,419		336
Integra LifeSciences Holdings Corp *		1,600		76
Intuitive Surgical Inc *		2,558		1,815
Ionis Pharmaceuticals Inc *		2,900		138
Iovance Biotherapeutics Inc *		3,000		99
IQVIA Holdings Inc *		4,216		665
Jazz Pharmaceuticals PLC *		1,221		174
Johnson & Johnson		58,053		8,643
Laboratory Corp of America Holdings *		2,100		395
Livongo Health Inc *		1,200		168
Masimo Corp *		1,100		260
McKesson Corp		3,540		527
Medtronic PLC		29,479		3,063
Merck & Co Inc		55,514		4,605
Mettler-Toledo International Inc *		514		496
Moderna Inc *		6,400		453
Molina Healthcare Inc *		1,295		237
Mylan NV *		11,400		169
Nektar Therapeutics, Cl A *		3,400		56
Neurocrine Biosciences Inc *		1,984		191
Novocure Ltd *		2,200		245
Oak Street Health Inc *		400		21
Penumbra Inc *		700		136
PerkinElmer Inc		2,500		314
Perrigo Co PLC		2,983		137
Pfizer Inc		122,262		4,487
PPD Inc *		3,700		137
PRA Health Sciences Inc *		1,400		142
Premier Inc, Cl A		1,200		39
QIAGEN NV *		5,000		261
Quest Diagnostics Inc		2,900		332
Quidel Corp *		800		175

SEI Institutional Managed Trust / Annual Report / September 30, 2020

SCHEDULE OF INVESTMENTS

September 30, 2020

Large Cap Index Fund (Continued)



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Reata Pharmaceuticals Inc, Cl A *		500	$	49
Regeneron Pharmaceuticals Inc *		2,148		1,202
Repligen Corp *		1,100		162
ResMed Inc		3,153		540
Royalty Pharma PLC, Cl A		1,900		80
Sage Therapeutics Inc *		1,100		67
Sarepta Therapeutics Inc *		1,600		225
Seattle Genetics Inc *		2,661		521
STERIS PLC		1,900		335
Stryker Corp		7,609		1,585
Syneos Health Inc, Cl A *		1,400		74
Tandem Diabetes Care Inc *		1,300		148
Teladoc Health Inc *		1,600		351
Teleflex Inc		1,052		358
Thermo Fisher Scientific Inc		8,649		3,819
United Therapeutics Corp *		1,032		104
UnitedHealth Group Inc		20,760		6,472
Universal Health Services Inc, Cl B		1,575		169
Varian Medical Systems Inc *		2,036		350
Veeva Systems Inc, Cl A *		2,930		824
Vertex Pharmaceuticals Inc *		5,658		1,540
Waters Corp *		1,354		265
West Pharmaceutical Services Inc		1,644		452
Zimmer Biomet Holdings Inc		4,622		629
Zoetis Inc, Cl A		10,406		1,721


				97,904


Industrials — 8.4%
3M Co		12,342		1,977
A O Smith Corp		3,100		164
Acuity Brands Inc		778		80
ADT Inc		3,100		25
AECOM *		3,600		151
AGCO Corp		1,300		97
Air Lease Corp, Cl A		2,200		65
Alaska Air Group Inc		2,900		106
Allegion PLC		2,050		203
Allison Transmission Holdings Inc		2,500		88
AMERCO		210		75
American Airlines Group Inc (A)		11,372		140
AMETEK Inc		5,083		505
Armstrong World Industries Inc		1,000		69
Axon Enterprise Inc *		1,400		127
AZEK Co Inc/The, Cl A *		900		31
Boeing Co/The		11,765		1,944
BWX Technologies Inc, Cl W		2,000		113
Carlisle Cos Inc		1,224		150
Carrier Global Corp		19,352		591
Caterpillar Inc, Cl A		11,927		1,779
CH Robinson Worldwide Inc		2,955		302
Cintas Corp		1,924		640
Clean Harbors Inc *		1,100		62
Colfax Corp *		2,200		69



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Copa Holdings SA, Cl A		633	$	32
Copart Inc *		4,460		469
CoreLogic Inc/United States		1,700		115
CoStar Group Inc *		857		727
Crane Co, Cl A		1,200		60
CSX Corp		16,674		1,295
Cummins Inc		3,274		691
Curtiss-Wright Corp		1,000		93
Deere & Co		6,132		1,359
Delta Air Lines Inc, Cl A		14,021		429
Donaldson Co Inc, Cl A		2,700		125
Dover Corp		3,187		345
Dun & Bradstreet Holdings Inc *		1,900		49
Eaton Corp PLC		8,695		887
Emerson Electric Co		13,043		855
Equifax Inc		2,635		413
Expeditors International of Washington Inc		3,700		335
Fastenal Co, Cl A		12,787		577
FedEx Corp		5,364		1,349
Flowserve Corp		3,000		82
Fortive Corp		6,659		507
Fortune Brands Home & Security Inc		2,961		256
FTI Consulting Inc *		800		85
Gates Industrial Corp PLC *		200		2
Generac Holdings Inc *		1,400		271
General Dynamics Corp		5,610		777
General Electric Co		192,709		1,201
Graco Inc		3,800		233
GrafTech International Ltd		1,261		9
HD Supply Holdings Inc *		3,400		140
HEICO Corp		950		99
HEICO Corp, Cl A		1,700		151
Hexcel Corp, Cl A		2,000		67
Honeywell International Inc		15,409		2,536
Howmet Aerospace Inc		8,700		145
Hubbell Inc, Cl B		1,205		165
Huntington Ingalls Industries Inc, Cl A		927		130
IAA Inc *		3,000		156
IDEX Corp		1,652		301
IHS Markit Ltd		8,807		691
Illinois Tool Works Inc		6,926		1,338
Ingersoll Rand Inc *		7,649		272
ITT Inc		2,048		121
Jacobs Engineering Group Inc		2,800		260
JB Hunt Transport Services Inc		1,869		236
JetBlue Airways Corp *		5,797		66
Johnson Controls International plc		16,190		661
Kansas City Southern		2,080		376
Kirby Corp *		1,300		47
Knight-Swift Transportation Holdings Inc, Cl A		2,600		106
L3Harris Technologies Inc		4,736		804

SEI Institutional Managed Trust / Annual Report / September 30, 2020

SCHEDULE OF INVESTMENTS

September 30, 2020

Large Cap Index Fund (Continued)



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Landstar System Inc		846	$	106
Lennox International Inc		796		217
Lincoln Electric Holdings Inc		1,300		120
Lockheed Martin Corp		5,471		2,097
Lyft Inc, Cl A *		5,500		152
Macquarie Infrastructure Corp		1,800		48
ManpowerGroup Inc		1,388		102
Masco Corp		5,700		314
Mercury Systems Inc *		1,200		93
Middleby Corp/The *		1,335		120
MSA Safety Inc		800		107
MSC Industrial Direct Co Inc, Cl A		879		56
Nielsen Holdings PLC		8,000		113
Nordson Corp		1,243		238
Norfolk Southern Corp		5,593		1,197
Northrop Grumman Corp		3,389		1,069
nVent Electric PLC		3,300		58
Old Dominion Freight Line Inc, Cl A		2,172		393
Oshkosh Corp		1,400		103
Otis Worldwide Corp		8,826		551
Owens Corning		2,500		172
PACCAR Inc		7,455		636
Parker-Hannifin Corp, Cl A		2,868		580
Pentair PLC		3,500		160
Quanta Services Inc		3,000		159
Raytheon Technologies Corp		31,249		1,798
Regal Beloit Corp		800		75
Republic Services Inc		4,600		429
Robert Half International Inc		2,600		138
Rockwell Automation Inc		2,603		574
Rollins Inc		3,200		173
Roper Technologies Inc		2,231		882
Ryder System Inc		900		38
Schneider National Inc, Cl B		1,200		30
Sensata Technologies Holding PLC *		3,300		142
Snap-on Inc		1,219		179
Southwest Airlines Co, Cl A		12,944		485
Spirit AeroSystems Holdings Inc, Cl A		2,300		44
Stanley Black & Decker Inc		3,367		546
Stericycle Inc, Cl A *		1,900		120
Teledyne Technologies Inc *		756		235
Textron Inc		5,238		189
Timken Co/The		1,300		71
Toro Co/The		2,300		193
Trane Technologies PLC		5,296		642
TransDigm Group Inc		1,112		528
TransUnion		4,300		362
Trex Co Inc *		2,600		186
Trinity Industries Inc		1,800		35
Uber Technologies Inc *		30,200		1,102
Union Pacific Corp		14,879		2,929
United Airlines Holdings Inc *		6,373		221



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
United Parcel Service Inc, Cl B		15,524	$	2,587
United Rentals Inc *		1,603		280
Univar Solutions Inc *		3,400		57
Valmont Industries Inc		400		50
Verisk Analytics Inc, Cl A		3,495		648
Vertiv Holdings Co, Cl A *		4,400		76
Virgin Galactic Holdings Inc *		1,328		26
Waste Management Inc		9,205		1,042
Watsco Inc		733		171
Westinghouse Air Brake Technologies Corp		4,066		252
Woodward Inc		1,097		88
WW Grainger Inc		1,011		361
XPO Logistics Inc *		2,133		181
Xylem Inc/NY		4,038		340


				59,515


Information Technology — 27.4%
2U Inc *		1,300		44
Accenture PLC, Cl A		14,050		3,175
Adobe Inc *		10,578		5,188
Advanced Micro Devices Inc *		25,578		2,097
Akamai Technologies Inc *		3,500		387
Alliance Data Systems Corp		976		41
Alteryx Inc, Cl A *		1,200		136
Amdocs Ltd		3,000		172
Amphenol Corp, Cl A		6,316		684
Analog Devices Inc		8,195		957
Anaplan Inc *		2,900		181
ANSYS Inc *		1,917		627
Apple Inc		355,412		41,160
Applied Materials Inc		20,097		1,195
Arista Networks Inc *		1,283		266
Arrow Electronics Inc, Cl A *		1,731		136
Aspen Technology Inc *		1,500		190
Atlassian Corp PLC, Cl A *		2,800		509
Autodesk Inc, Cl A *		4,807		1,111
Automatic Data Processing Inc		9,379		1,308
Avalara Inc *		1,743		222
Avnet Inc		2,300		59
BigCommerce Holdings Inc *		200		17
Bill.com Holdings Inc *		1,200		120
Black Knight Inc *		3,400		296
Booz Allen Hamilton Holding Corp, Cl A		3,040		252
Broadcom Inc		8,598		3,132
Broadridge Financial Solutions Inc		2,538		335
CACI International Inc, Cl A *		547		117
Cadence Design Systems Inc *		6,164		657
CDK Global Inc		2,576		112
CDW Corp/DE		3,100		371
Ceridian HCM Holding Inc *		2,455		203
Ciena Corp *		3,500		139
Cirrus Logic Inc *		1,300		88
Cisco Systems Inc		93,376		3,678

SEI Institutional Managed Trust / Annual Report / September 30, 2020

SCHEDULE OF INVESTMENTS

September 30, 2020

Large Cap Index Fund (Continued)



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Citrix Systems Inc		2,702	$	372
Cloudflare Inc, Cl A *		2,400		99
Cognex Corp		3,600		234
Cognizant Technology Solutions Corp, Cl A		11,761		816
Coherent Inc *		543		60
CommScope Holding Co Inc *		3,800		34
Corning Inc, Cl B		16,514		535
Coupa Software Inc *		1,466		402
Cree Inc *		2,500		159
Crowdstrike Holdings Inc, Cl A *		3,400		467
Datadog Inc, Cl A *		3,300		337
Dell Technologies Inc, Cl C *		5,527		374
DocuSign Inc, Cl A *		3,920		844
Dolby Laboratories Inc, Cl A		1,500		99
Dropbox Inc, Cl A *		5,400		104
Duck Creek Technologies Inc *		300		14
DXC Technology Co		6,081		109
Dynatrace Inc *		4,300		176
EchoStar Corp, Cl A *		900		22
Elastic NV *		1,500		162
Enphase Energy Inc *		2,300		190
Entegris Inc		3,100		230
EPAM Systems Inc *		1,153		373
Euronet Worldwide Inc *		1,100		100
Everbridge Inc *		800		101
F5 Networks Inc, Cl A *		1,341		165
Fair Isaac Corp *		619		263
Fastly Inc, Cl A *		1,800		169
Fidelity National Information Services Inc, Cl B		13,570		1,998
FireEye Inc *		4,900		60
First Solar Inc *		1,900		126
Fiserv Inc, Cl A *		12,237		1,261
Five9 Inc *		1,400		182
FleetCor Technologies Inc *		1,820		433
FLIR Systems Inc		3,000		108
Fortinet Inc *		2,900		342
Gartner Inc *		1,966		246
Genpact Ltd		4,000		156
Global Payments Inc		6,467		1,148
Globant SA *		800		143
GoDaddy Inc, Cl A *		3,525		268
Guidewire Software Inc, Cl Z *		1,782		186
Hewlett Packard Enterprise Co		28,507		267
HP Inc		31,865		605
HubSpot Inc *		900		263
Inphi Corp *		1,000		112
Intel Corp		93,191		4,825
International Business Machines Corp		19,547		2,378
Intuit Inc		5,520		1,801
IPG Photonics Corp *		733		125
Jabil Inc		3,200		110



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Jack Henry & Associates Inc		1,654	$	269
Jamf Holding Corp *		400		15
Juniper Networks Inc		7,400		159
Keysight Technologies Inc *		4,200		415
KLA Corp		3,399		659
Lam Research Corp		3,168		1,051
Leidos Holdings Inc		2,900		259
Littelfuse Inc		500		89
Lumentum Holdings Inc *		1,600		120
Manhattan Associates Inc *		1,505		144
Marvell Technology Group Ltd		14,672		582
Mastercard Inc, Cl A		19,373		6,551
Maxim Integrated Products Inc		6,000		406
Medallia Inc *		1,800		49
Microchip Technology Inc		5,301		545
Micron Technology Inc *		24,668		1,158
Microsoft Corp		164,876		34,678
MKS Instruments Inc		1,200		131
MongoDB Inc, Cl A *		1,068		247
Monolithic Power Systems Inc		935		261
Motorola Solutions Inc		3,736		586
National Instruments Corp		3,000		107
nCino Inc *		200		16
NCR Corp *		2,323		51
NetApp Inc		5,000		219
New Relic Inc *		1,200		68
NortonLifeLock Inc		12,301		256
Nuance Communications Inc *		6,200		206
Nutanix Inc, Cl A *		3,959		88
NVIDIA Corp		12,997		7,034
Okta Inc, Cl A *		2,500		535
ON Semiconductor Corp *		9,200		200
Oracle Corp, Cl B		42,205		2,520
PagerDuty Inc *		1,500		41
Palo Alto Networks Inc *		2,061		504
Paychex Inc		7,019		560
Paycom Software Inc *		1,036		323
Paylocity Holding Corp *		700		113
PayPal Holdings Inc *		25,804		5,084
Pegasystems Inc		900		109
Pluralsight Inc, Cl A *		2,700		46
Proofpoint Inc *		1,200		127
PTC Inc *		2,365		196
Pure Storage Inc, Cl A *		4,800		74
Qorvo Inc *		2,468		318
QUALCOMM Inc		24,690		2,906
RealPage Inc *		1,900		110
RingCentral Inc, Cl A *		1,694		465
Sabre Corp		5,000		33
salesforce.com Inc *		19,003		4,776
Science Applications International Corp		1,300		102
ServiceNow Inc *		4,190		2,032

SEI Institutional Managed Trust / Annual Report / September 30, 2020

SCHEDULE OF INVESTMENTS

September 30, 2020

Large Cap Index Fund (Continued)



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Skyworks Solutions Inc		3,672	$	534
Slack Technologies Inc, Cl A *		8,200		220
Smartsheet Inc, Cl A *		2,400		119
SolarEdge Technologies Inc *		1,100		262
SolarWinds Corp *		1,100		22
Splunk Inc *		3,533		665
Square Inc, Cl A *		8,200		1,333
SS&C Technologies Holdings Inc		4,900		297
StoneCo Ltd, Cl A *		3,900		206
Switch Inc, Cl A		1,400		22
SYNNEX Corp		1,000		140
Synopsys Inc *		3,303		707
Teradata Corp *		2,697		61
Teradyne Inc		3,654		290
Texas Instruments Inc		20,176		2,881
Trade Desk Inc/The, Cl A *		900		467
Trimble Inc *		5,600		273
Twilio Inc, Cl A *		3,023		747
Tyler Technologies Inc *		860		300
Ubiquiti Inc		169		28
Universal Display Corp		942		170
VeriSign Inc *		2,208		452
ViaSat Inc *		1,100		38
Visa Inc, Cl A		37,142		7,427
VMware Inc, Cl A *		1,694		243
Western Digital Corp		6,492		237
Western Union Co/The		9,300		199
WEX Inc *		995		138
Workday Inc, Cl A *		3,763		810
Xerox Holdings Corp		4,000		75
Xilinx Inc		5,486		572
Zebra Technologies Corp, Cl A *		1,151		291
Zendesk Inc *		2,614		269
Zoom Video Communications Inc, Cl A *		3,700		1,739
Zscaler Inc *		1,600		225


				193,567


Materials — 2.6%
Air Products and Chemicals Inc		4,864		1,449
Albemarle Corp		2,356		210
Amcor PLC		35,200		389
AptarGroup Inc		1,500		170
Ardagh Group SA, Cl A		100		1
Ashland Global Holdings Inc		1,300		92
Avery Dennison Corp		1,923		246
Axalta Coating Systems Ltd *		5,000		111
Ball Corp		7,035		585
Berry Global Group Inc *		2,877		139
Cabot Corp		1,100		40
Celanese Corp, Cl A		2,700		290
CF Industries Holdings Inc		4,937		152
Chemours Co/The		3,700		77
Corteva Inc		16,839		485



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Crown Holdings Inc *		2,900	$	223
Dow Inc		16,175		761
DuPont de Nemours Inc		16,339		906
Eagle Materials Inc		959		83
Eastman Chemical Co		3,032		237
Ecolab Inc		5,402		1,079
Element Solutions Inc *		5,000		53
FMC Corp		2,810		298
Freeport-McMoRan Inc, Cl B		32,023		501
Graphic Packaging Holding Co		6,800		96
Huntsman Corp		4,905		109
International Flavors & Fragrances Inc (A)		2,360		289
International Paper Co		8,591		348
Linde PLC		11,530		2,746
LyondellBasell Industries NV, Cl A		5,811		410
Martin Marietta Materials Inc, Cl A		1,375		324
Mosaic Co/The		8,000		146
NewMarket Corp		138		47
Newmont Corp		17,570		1,115
Nucor Corp		6,741		302
Olin Corp		3,700		46
Packaging Corp of America		2,027		221
PPG Industries Inc		5,179		632
Reliance Steel & Aluminum Co		1,450		148
Royal Gold Inc, Cl A		1,447		174
RPM International Inc		2,800		232
Scotts Miracle-Gro Co/The, Cl A		877		134
Sealed Air Corp		3,600		140
Sherwin-Williams Co/The, Cl A		1,814		1,264
Silgan Holdings Inc		1,700		62
Sonoco Products Co		2,300		117
Southern Copper Corp		1,600		72
Steel Dynamics Inc		4,649		133
Valvoline Inc		4,400		84
Vulcan Materials Co		2,839		385
W R Grace & Co		1,300		52
Westlake Chemical Corp		932		59
Westrock Co		5,700		198


				18,662


Real Estate — 3.1%
Alexandria Real Estate Equities Inc ^‡		2,789		446
American Campus Communities Inc ^‡		2,800		98
American Homes 4 Rent, Cl A ^‡		5,400		154
American Tower Corp, Cl A ^‡		9,653		2,333
Americold Realty Trust ^‡		4,400		157
Apartment Investment and Management Co, Cl A ^‡		3,100		104
Apple Hospitality Inc ^‡		5,100		49
AvalonBay Communities Inc ^‡		3,128		467
Boston Properties Inc ^‡		3,462		278
Brandywine Realty Trust ^‡		3,100		32
Brixmor Property Group Inc ^‡		6,900		81

SEI Institutional Managed Trust / Annual Report / September 30, 2020

SCHEDULE OF INVESTMENTS

September 30, 2020

Large Cap Index Fund (Continued)



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Brookfield Property Inc, Cl A ^‡(A)		1,727	$	21
Camden Property Trust ^‡		2,000		178
CBRE Group Inc, Cl A *^‡		7,300		343
CoreSite Realty Corp ^‡		900		107
Corporate Office Properties Trust ^‡		2,500		59
Cousins Properties Inc ^‡		3,600		103
Crown Castle International Corp ^‡		9,121		1,519
CubeSmart ^‡		4,200		136
CyrusOne Inc ^‡		2,554		179
Digital Realty Trust Inc, Cl A ^‡		5,864		861
Douglas Emmett Inc ^‡		3,600		90
Duke Realty Corp ^‡		8,100		299
Empire State Realty Trust Inc, Cl A ^‡		2,300		14
EPR Properties, Cl A ^‡		1,500		41
Equinix Inc ^‡		1,935		1,471
Equity Commonwealth ^‡		2,800		74
Equity LifeStyle Properties Inc ^‡		4,000		245
Equity Residential ^‡		8,183		420
Essex Property Trust Inc ^‡		1,417		284
Extra Space Storage Inc ^‡		2,800		300
Federal Realty Investment Trust ^‡		1,646		121
First Industrial Realty Trust Inc ^‡		2,800		111
Gaming and Leisure Properties Inc ^‡		4,662		172
Healthcare Trust of America Inc, Cl A ^‡		4,700		122
Healthpeak Properties Inc ^‡		12,170		330
Highwoods Properties Inc ^‡		2,378		80
Host Hotels & Resorts Inc ^‡		15,802		170
Howard Hughes Corp/The *^‡		763		44
Hudson Pacific Properties Inc ^‡		3,000		66
Invitation Homes Inc ^‡		12,100		339
Iron Mountain Inc ^‡		6,400		171
JBG SMITH Properties ^‡		2,500		67
Jones Lang LaSalle Inc ^‡		1,243		119
Kilroy Realty Corp ^‡		2,500		130
Kimco Realty Corp ^‡		9,400		106
Lamar Advertising Co, Cl A ^‡		1,900		126
Life Storage Inc ^‡		1,000		105
Medical Properties Trust Inc ^‡		11,635		205
Mid-America Apartment Communities Inc ^‡		2,500		290
National Retail Properties Inc ^‡		3,600		124
Omega Healthcare Investors Inc ^‡		5,045		151
Outfront Media Inc ^‡		2,811		41
Paramount Group Inc ^‡		3,200		23
Park Hotels & Resorts Inc ^‡		4,900		49
Prologis Inc ^‡		16,129		1,623
Public Storage ^‡		3,288		732
Rayonier Inc ^‡		3,200		85
Realty Income Corp ^‡		7,569		460
Regency Centers Corp ^‡		3,700		141
Rexford Industrial Realty Inc ^‡		2,900		133
SBA Communications Corp, Cl A ^‡		2,437		776
Simon Property Group Inc ^‡		6,735		436



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
SL Green Realty Corp ^‡		1,835	$	85
Spirit Realty Capital Inc ^‡		1,978		67
STORE Capital Corp ^‡		4,900		134
Sun Communities Inc ^‡		2,100		295
Taubman Centers Inc ^‡		1,200		40
UDR Inc ^‡		6,400		209
Ventas Inc ^‡		8,190		344
VEREIT Inc ^‡		22,600		147
VICI Properties Inc ^‡		11,794		276
Vornado Realty Trust ^‡		3,700		125
Weingarten Realty Investors ^‡		2,900		49
Welltower Inc ^‡		9,200		507
Weyerhaeuser Co ^‡		16,197		462
WP Carey Inc ^‡		3,690		240


				21,571


Utilities — 2.8%
AES Corp/The		15,100		273
Alliant Energy Corp		5,521		285
Ameren Corp		5,425		429
American Electric Power Co Inc		11,029		901
American Water Works Co Inc		4,027		583
Atmos Energy Corp		2,666		255
Avangrid Inc		1,200		61
CenterPoint Energy Inc		11,155		216
CMS Energy Corp		6,410		394
Consolidated Edison Inc		7,339		571
Dominion Energy Inc		18,402		1,452
DTE Energy Co		4,213		485
Duke Energy Corp		16,052		1,422
Edison International		7,763		395
Entergy Corp		4,435		437
Essential Utilities Inc		4,800		193
Evergy Inc		5,017		255
Eversource Energy		7,498		626
Exelon Corp		21,639		774
FirstEnergy Corp		12,100		347
Hawaiian Electric Industries Inc		2,300		76
IDACORP Inc, Cl A		1,100		88
MDU Resources Group Inc		4,700		106
National Fuel Gas Co		1,900		77
NextEra Energy Inc		10,794		2,996
NiSource Inc		8,500		187
NRG Energy Inc		5,600		172
OGE Energy Corp		4,400		132
PG&E Corp *		28,606		269
Pinnacle West Capital Corp		2,500		186
PPL Corp		17,003		463
Public Service Enterprise Group Inc		11,280		619
Sempra Energy		6,414		759
Southern Co/The		23,102		1,253
UGI Corp		4,830		159
Vistra Corp		11,069		209

SEI Institutional Managed Trust / Annual Report / September 30, 2020

SCHEDULE OF INVESTMENTS

September 30, 2020

Large Cap Index Fund (Continued)



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
WEC Energy Group Inc		6,984	$	677
Xcel Energy Inc		11,490		793


				19,575

Total Common Stock (Cost $578,777) ($ Thousands)				690,888


AFFILIATED PARTNERSHIP — 0.1%
SEI Liquidity Fund, L.P.
0.100% **^†(C)		923,607		924


Total Affiliated Partnership (Cost $924) ($ Thousands)				924


CASH EQUIVALENT — 2.1%
SEI Daily Income Trust, Government Fund, Cl F
0.010%**^†		14,553,403		14,553


Total Cash Equivalent (Cost $14,553) ($ Thousands)				14,553


Total Investments in Securities — 100.0% (Cost $594,254) ($ Thousands)			$	706,365

A list of the open futures contracts held by the Fund at September 30, 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		91		Dec-2020		$	15,166		$	15,252		$	86
S&P Mid Cap 400 Index E-MINI		6		Dec-2020			1,109			1,113			4

						$	16,275		$	16,365		$	90

Percentages are based on a Net Assets of $706,457 ($ Thousands).

Non-income producing security.

The rate reported is the 7-day effective yield as of September 30, 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 September 30, 2020 (see Note 10). The total market value of securities on loan at September 30, 2020, was $901 ($ Thousands).

(B)

Security is a Master Limited Partnership. At September 30, 2020, such securities amounted to $83 ($ 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 September 30, 2020 was $924 ($ Thousands).

— Class

L.P.

— Limited Partnership

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 September 30, 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

690,888

–

690,888

Affiliated Partnership

–

924

–

924

Cash Equivalent

14,553

–

14,553

Total Investments in Securities

705,441

924

–

706,365

SEI Institutional Managed Trust / Annual Report / September 30, 2020

SCHEDULE OF INVESTMENTS

September 30, 2020

Large Cap Index Fund (Continued)

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 year ended September 30, 2020, there were no transfers in or out

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 year ended September 30, 2020 ($ Thousands):



Security Description	Value 9/30/2019			Purchases at Cost			Proceeds from Sales				Realized Gain/ (Loss)				Change in Unrealized Appreciation/ (Depreciation)				Value 9/30/2020			Shares		Income			Capital Gains
SEI Investment Co		$	124		$	41		$	(15	)		$	(5	)		$	(18	)		$	127		2,500		$	2		$	–
SEI Liquidity Fund, L.P.			710			9,543			(9,329	)			–				–				924		923,607			14			–
SEI Daily Income Trust, Government Fund, Cl F			15,765			174,599			(175,811	)			–				–				14,553		14,553,403			158			–

Totals		$	16,599		$	184,183		$	(185,155	)		$	(5	)		$	(18)			$	15,604				$	174		$	–

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 / Annual Report / September 30, 2020

SCHEDULE OF INVESTMENTS

September 30, 2020

Tax-Managed Large Cap Fund



Description	Shares		Market Value ($ Thousands)
COMMON STOCK — 99.3%

Communication Services — 5.3%
Alphabet Inc, Cl A *		26,214	$	38,419
Alphabet Inc, Cl C *		22,848		33,577
AT&T Inc		1,034,083		29,482
BCE Inc		353,918		14,677
CenturyLink Inc		562,931		5,680
Charter Communications Inc, Cl A *(A)		14,857		9,276
Comcast Corp, Cl A		126,139		5,835
Electronic Arts Inc *		48,975		6,387
Facebook Inc, Cl A *		135,757		35,555
TEGNA Inc		153,973		1,809
Verizon Communications Inc		144,030		8,568
ViacomCBS Inc, Cl B		300,000		8,403
Walt Disney Co/The *		22,000		2,730
Zynga Inc, Cl A *		159,501		1,455


				201,853


Consumer Discretionary — 12.0%
Amazon.com Inc, Cl A *		18,448		58,088
AutoZone Inc *		16,513		19,446
Best Buy Co Inc		186,465		20,752
Booking Holdings Inc *		2,537		4,340
BorgWarner Inc		196,841		7,626
Brinker International Inc *		258,088		11,025
Carnival Corp *(A)		357,842		5,432
Darden Restaurants Inc		3,127		315
Dick’s Sporting Goods Inc		133,982		7,755
Dollar General Corp		235,180		49,298
Domino’s Pizza Inc		16,892		7,184
DR Horton Inc		16,198		1,225
eBay Inc		127,055		6,620
Foot Locker Inc, Cl A		65,687		2,170
General Motors Co *		4,749		141
Genuine Parts Co		99,630		9,482
Goodyear Tire & Rubber Co/The *		406,438		3,117
Harley-Davidson Inc, Cl A		88,020		2,160
Home Depot Inc/The		28,380		7,881
Lear Corp *		89,362		9,745
Lowe’s Cos Inc		328,236		54,441
Magna International Inc, Cl A		19,822		907
NIKE Inc, Cl B		357,743		44,911
PulteGroup Inc		251,522		11,643
Ross Stores Inc		243,090		22,685
Royal Caribbean Cruises Ltd *		71,822		4,649
Starbucks Corp		68,046		5,847
Target Corp, Cl A		185,748		29,240
TJX Cos Inc/The *		374,562		20,844
TopBuild Corp *		51,618		8,811
Whirlpool Corp		59,551		10,951



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Yum China Holdings Inc *		52,847	$	2,798


				451,529


Consumer Staples — 9.7%
Altria Group Inc		521,010		20,132
Archer-Daniels-Midland Co		50,878		2,365
Coca-Cola Co/The		123,765		6,110
Conagra Brands Inc		429,158		15,325
Constellation Brands Inc, Cl A		10,975		2,080
Costco Wholesale Corp		20,685		7,343
Diageo PLC ADR		99,703		13,725
Estee Lauder Cos Inc/The, Cl A		35,000		7,639
Hershey Co/The		26,426		3,788
Ingredion Inc		52,032		3,938
J M Smucker Co/The		115,422		13,333
Kimberly-Clark Corp		166,165		24,536
Kraft Heinz Co/The		115,076		3,447
Kroger Co/The		1,115,528		37,828
Lamb Weston Holdings Inc		16,377		1,085
Mondelez International Inc, Cl A		24,475		1,406
Monster Beverage Corp *		105,061		8,426
PepsiCo Inc		238,706		33,085
Philip Morris International Inc		500,557		37,537
Procter & Gamble Co/The		233,806		32,497
Sysco Corp, Cl A		22,279		1,386
Tyson Foods Inc, Cl A		281,181		16,725
Unilever NV		731,480		44,181
Walgreens Boots Alliance Inc		184,087		6,612
Walmart Inc		163,857		22,925


				367,454


Energy — 1.8%
Cabot Oil & Gas Corp		114,860		1,994
Canadian Natural Resources Ltd		76,149		1,219
Chevron Corp		284,287		20,469
ConocoPhillips		304,949		10,015
Devon Energy Corp		791,355		7,486
Exxon Mobil Corp		164,776		5,657
Marathon Petroleum Corp		154,884		4,544
Phillips 66		157,655		8,173
Valero Energy Corp		174,730		7,569


				67,126


Financials — 15.5%
Aflac Inc		136,144		4,949
Allstate Corp/The		59,438		5,595
American Financial Group Inc/OH		39,790		2,665
Ameriprise Financial Inc		82,444		12,705
Assurant Inc		47,000		5,702
Assured Guaranty Ltd		31,872		685
Banco Santander SA ADR *(A)		606,153		1,121
Bank of America Corp		1,550,747		37,357
Berkshire Hathaway Inc, Cl B *		94,797		20,186
Capital One Financial Corp		87,969		6,321

SEI Institutional Managed Trust / Annual Report / September 30, 2020

SCHEDULE OF INVESTMENTS

September 30, 2020

Tax-Managed Large Cap Fund (Continued)



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Charles Schwab Corp/The		172,552	$	6,251
Citigroup Inc		397,260		17,126
Citizens Financial Group Inc		326,590		8,256
CME Group Inc		102,815		17,202
Comerica Inc		244,889		9,367
Discover Financial Services		159,651		9,225
Everest Re Group Ltd		57,218		11,303
FactSet Research Systems Inc		11,209		3,754
Fifth Third Bancorp		710,375		15,145
First Republic Bank/CA		78,000		8,507
Goldman Sachs Group Inc/The		21,644		4,350
Hartford Financial Services Group Inc/The		101,910		3,756
Intercontinental Exchange Inc		58,438		5,847
JPMorgan Chase & Co		478,943		46,108
KeyCorp		816,571		9,742
KKR & Co Inc		253,461		8,704
Lincoln National Corp		337,369		10,570
Markel Corp *		7,969		7,759
Marsh & McLennan Cos Inc		138,328		15,866
Moody’s Corp		288,575		83,643
Morgan Stanley		311,935		15,082
MSCI Inc, Cl A		114,462		40,838
Navient Corp		263,511		2,227
New York Community Bancorp Inc		461,888		3,820
PNC Financial Services Group Inc/The		46,966		5,162
Popular Inc		125,661		4,558
Progressive Corp/The		44,272		4,191
Prudential Financial Inc		44,724		2,841
Regions Financial Corp		599,114		6,908
Reinsurance Group of America Inc, Cl A		31,955		3,042
S&P Global Inc		18,482		6,665
SLM Corp		230,135		1,862
State Street Corp		163,752		9,715
T Rowe Price Group Inc		24,474		3,138
Travelers Cos Inc/The		120,419		13,028
Truist Financial Corp		261,546		9,952
Two Harbors Investment Corp ^‡		687,049		3,497
Unum Group		292,306		4,919
US Bancorp		417,839		14,979
Voya Financial Inc		294,050		14,094
Wells Fargo & Co		200,806		4,721
Zions Bancorp NA		374,800		10,952


				585,958


Health Care — 16.6%
Abbott Laboratories		88,965		9,682
AbbVie Inc		92,048		8,063
Alexion Pharmaceuticals Inc *		57,862		6,621
AmerisourceBergen Corp, Cl A		137,635		13,340
Amgen Inc, Cl A		145,948		37,094
Anthem Inc		16,702		4,486
AstraZeneca PLC ADR		25,344		1,389
Baxter International Inc		63,282		5,089



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Becton Dickinson and Co		113,758	$	26,469
Biogen Inc *		57,088		16,195
Bristol-Myers Squibb Co		343,381		20,702
Cardinal Health Inc		72,515		3,405
Centene Corp *		42,973		2,507
Cigna Corp		27,340		4,632
CVS Health Corp		409,664		23,924
DaVita Inc *		31,137		2,667
Edwards Lifesciences Corp, Cl A *		61,914		4,942
Eli Lilly and Co		169,143		25,037
Gilead Sciences Inc		120,443		7,611
HCA Healthcare Inc *		109,165		13,611
Horizon Therapeutics PLC *		103,969		8,076
Humana Inc		22,738		9,411
IDEXX Laboratories Inc *		56,807		22,331
Intuitive Surgical Inc *		7,669		5,441
Jazz Pharmaceuticals PLC *		6,090		868
Johnson & Johnson		629,906		93,780
McKesson Corp		12,923		1,925
Medtronic PLC		102,000		10,600
Merck & Co Inc		605,640		50,238
Mettler-Toledo International Inc *		28,371		27,399
Mylan NV *		160,000		2,373
Novartis AG ADR		174,021		15,133
Novo Nordisk A/S ADR		86,039		5,974
Pfizer Inc		850,751		31,223
Teleflex Inc		36,000		12,255
United Therapeutics Corp *		38,304		3,869
UnitedHealth Group Inc		191,280		59,635
Varian Medical Systems Inc *		44,113		7,587
Veeva Systems Inc, Cl A *		18,537		5,212
Vertex Pharmaceuticals Inc *		27,503		7,484
Zoetis Inc, Cl A		63,768		10,545


				628,825


Industrials — 8.4%
3M Co		131,281		21,029
AGCO Corp		52,600		3,907
Allison Transmission Holdings Inc		28,724		1,009
Carlisle Cos Inc		6,137		751
Carrier Global Corp		357,041		10,904
Caterpillar Inc, Cl A		32,511		4,849
Chart Industries Inc *		112,781		7,925
Cummins Inc		8,214		1,734
Deere & Co		27,326		6,056
Delta Air Lines Inc, Cl A *		158,339		4,842
Eaton Corp PLC		92,071		9,394
FedEx Corp		20,626		5,188
Fortive Corp		85,423		6,510
Graco Inc		542,313		33,271
Honeywell International Inc		61,532		10,129
Huntington Ingalls Industries Inc, Cl A		41,706		5,870
Illinois Tool Works Inc		47,481		9,174

SEI Institutional Managed Trust / Annual Report / September 30, 2020

SCHEDULE OF INVESTMENTS

September 30, 2020

Tax-Managed Large Cap Fund (Continued)



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Johnson Controls International plc		494,338	$	20,194
L3Harris Technologies Inc		25,220		4,283
Lockheed Martin Corp		15,688		6,013
ManpowerGroup Inc		18,167		1,332
Middleby Corp/The *		100,000		8,971
Northrop Grumman Corp		16,563		5,225
Oshkosh Corp		61,954		4,554
Otis Worldwide Corp		61,000		3,808
PACCAR Inc		43,000		3,667
Raytheon Technologies Corp		247,761		14,256
Robert Half International Inc		25,692		1,360
Roper Technologies Inc		67,713		26,754
Siemens AG ADR (A)(B)		311,780		21,715
Southwest Airlines Co, Cl A *		86,460		3,242
SPX Corp *		148,826		6,903
Stanley Black & Decker Inc		20,000		3,244
Textron Inc		190,528		6,876
Timken Co/The		112,333		6,091
TransDigm Group Inc *		3,103		1,474
Waste Management Inc		18,232		2,063
WW Grainger Inc		64,211		22,909


				317,476


Information Technology — 21.8%
Adobe Inc *		132,912		65,184
Amphenol Corp, Cl A		52,312		5,664
Analog Devices Inc		82,993		9,689
Apple Inc		1,066,256		123,483
Applied Materials Inc		438,038		26,041
Arista Networks Inc *		15,299		3,166
ASML Holding NV, Cl G		23,674		8,742
Broadcom Inc		17,131		6,241
Cisco Systems Inc		758,449		29,875
Citrix Systems Inc		44,716		6,158
Cognizant Technology Solutions Corp, Cl A		8,912		619
Corning Inc, Cl B		234,159		7,589
Crowdstrike Holdings Inc, Cl A *		16,858		2,315
Dropbox Inc, Cl A *		216,744		4,174
Fortinet Inc *		24,423		2,877
Hewlett Packard Enterprise Co		307,307		2,879
HP Inc		480,394		9,123
Intel Corp		631,741		32,712
International Business Machines Corp		6,932		843
Intuit Inc		156,005		50,890
Juniper Networks Inc		7,046		151
Keysight Technologies Inc *		148,082		14,628
Lam Research Corp		22,006		7,301
Marvell Technology Group Ltd		264,770		10,511
Mastercard Inc, Cl A		193,391		65,399
Microchip Technology Inc		272,207		27,972
Micron Technology Inc *		161,000		7,561
Microsoft Corp		486,353		102,295
Motorola Solutions Inc		22,111		3,467



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Oracle Corp, Cl B		512,747	$	30,611
Qorvo Inc *		23,736		3,062
QUALCOMM Inc		79,861		9,398
salesforce.com Inc *		15,984		4,017
SAP SE ADR (A)		154,915		24,137
Seagate Technology PLC		158,328		7,801
ServiceNow Inc *		18,268		8,860
Teradyne Inc		10,969		872
Texas Instruments Inc		44,297		6,325
VeriSign Inc *		91,384		18,720
Visa Inc, Cl A		275,684		55,129
Vishay Intertechnology Inc		240,771		3,749
Western Digital Corp *		33,750		1,234
Xerox Holdings Corp		253,986		4,767
Zendesk Inc *		63,012		6,485


				822,716


Materials — 4.6%
Cabot Corp		119,095		4,291
Celanese Corp, Cl A		28,298		3,041
Corteva Inc		64,004		1,844
Domtar Corp *		35,648		936
Dow Inc		162,912		7,665
DuPont de Nemours Inc		43,599		2,419
Eastman Chemical Co		165,233		12,908
Ecolab Inc		83,739		16,734
Huntsman Corp		531,983		11,815
Ingevity Corp *		14,131		699
International Paper Co		135,045		5,475
Linde PLC		123,959		29,518
LyondellBasell Industries NV, Cl A		74,826		5,275
Newmont Corp		98,126		6,226
O-I Glass Inc, Cl I *		451,358		4,780
Reliance Steel & Aluminum Co		11,055		1,128
Sherwin-Williams Co/The, Cl A		66,555		46,372
Steel Dynamics Inc		349,887		10,017
Westrock Co		27,405		952


				172,095


Real Estate — 2.1%
American Tower Corp, Cl A ^‡		102,168		24,697
Brandywine Realty Trust ^‡		24,300		251
CBRE Group Inc, Cl A *^‡		41,173		1,934
Crown Castle International Corp ^‡		40,644		6,767
Diversified Healthcare Trust ^‡		1,104,641		3,888
Equinix Inc ^‡		1,986		1,510
Equity Commonwealth ^‡		50,543		1,346
Healthpeak Properties Inc ^‡		606,660		16,471
Invitation Homes Inc ^‡		28,203		789
Public Storage ^‡		4,106		915
SBA Communications Corp, Cl A ^‡		25,216		8,031
Service Properties Trust ^‡		461,799		3,671

SEI Institutional Managed Trust / Annual Report / September 30, 2020

SCHEDULE OF INVESTMENTS

September 30, 2020

Tax-Managed Large Cap Fund (Continued)



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Welltower Inc ^‡		146,710	$	8,082


				78,352


Utilities — 1.5%
Ameren Corp		65,226		5,158
American Electric Power Co Inc		57,553		4,704
Edison International		40,300		2,049
Exelon Corp		317,795		11,364
FirstEnergy Corp		93,278		2,678
NextEra Energy Inc		83,727		23,239
NRG Energy Inc		29,981		922
PPL Corp		241,001		6,558
UGI Corp		29,973		988
Vistra Corp		40,284		760


				58,420


Total Common Stock (Cost $1,765,370) ($ Thousands)				3,751,804



Description	Shares		Market Value ($ Thousands)

AFFILIATED PARTNERSHIP — 1.3%
SEI Liquidity Fund, L.P.
0.100% **^†(C)		48,569,484	$	48,578


Total Affiliated Partnership (Cost $48,579) ($ Thousands)				48,578


CASH EQUIVALENT — 0.6%
SEI Daily Income Trust, Government Fund, Cl F
0.010%**^†		21,667,627		21,668


Total Cash Equivalent (Cost $21,668) ($ Thousands)				21,668


Total Investments in Securities — 101.2% (Cost $1,835,617) ($ Thousands)			$	3,822,050

A list of the open futures contracts held by the Fund at September 30, 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		40		Dec-2020	$	6,545	$	6,704	$	159
S&P Mid Cap 400 Index E-MINI		2		Dec-2020		363		371		8


					$	6,908	$	7,075	$	167

Percentages are based on a Net Assets of $3,777,369 ($ Thousands).

*	Non-income producing security.

**	The rate reported is the 7-day effective yield as of September 30, 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 September 30, 2020 (see Note 10). The total market value of securities on loan at September 30, 2020, was $47,399 ($ Thousands).

(B)	Securities considered illiquid. The total value of such securities as of September 30, 2020 was $21,715 ($ Thousands) and represented 0.6% of the Net Assets of the Fund.

(C)	This security was purchased with cash collateral held from securities on loan (see Note 10). The total market value of such securities as of September 30, 2020 was $48,578 ($ Thousands).

ADR — American Depositary Receipt

Cl — Class

L.P. — Limited Partnership

MSCI — Morgan Stanley Capital International

PLC — Public Limited Company

S&P — Standard & Poor’s

SPX — Standard & Poor’s 500 Index

The following is a list of the level of inputs used as of September 30, 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

3,751,804

–

3,751,804

Affiliated Partnership

–

48,578

–

48,578

Cash Equivalent

21,668

–

21,668

Total Investments in Securities

3,773,472

48,578

–

3,822,050

Other Financial Instruments

Level 1

($)

Level 2

($)

Level 3
($)

Total
($)

Futures Contracts*

Unrealized Appreciation

167

–

167

Total Other Financial Instruments

167

–

167

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

For the year ended September 30, 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 / Annual Report / September 30, 2020

SCHEDULE OF INVESTMENTS

September 30, 2020

Tax-Managed Large Cap Fund (Continued)

The following is a summary of the Fund’s transactions with affiliates for the year ended September 30, 2020 ($ Thousands):



Security Description	Value 9/30/2019			Purchases at Cost			Proceeds from Sales				Realized Gain/ (Loss)			Change in Unrealized Appreciation/ (Depreciation)				Value 9/30/2020			Shares		Income			Capital Gains
SEI Liquidity Fund, L.P.		$	39,146		$	534,002		$	(524,566	)		$	—		$	(4	)		$	48,578		48,569,484		$	765		$	—
SEI Daily Income Trust, Government Fund, Cl F			34,813			606,098			(619,243	)			—			—				21,668		21,667,627			161			—

Totals		$	73,959		$	1,140,100		$	(1,143,809	)		$	—		$	(4	)		$	70,246				$	926		$	—

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 / Annual Report / September 30, 2020

SCHEDULE OF INVESTMENTS

September 30, 2020

S&P 500 Index Fund



Description	Shares		Market Value ($ Thousands)

COMMON STOCK — 98.2%

Communication Services — 10.6%
Activision Blizzard Inc		23,100	$	1,870
Alphabet Inc, Cl A *		9,040		13,249
Alphabet Inc, Cl C *		8,809		12,946
AT&T Inc		213,493		6,087
CenturyLink Inc		30,170		304
Charter Communications Inc, Cl A *		4,514		2,818
Comcast Corp, Cl A		136,596		6,319
Discovery Inc, Cl A *		4,700		102
Discovery Inc, Cl C *		9,296		182
DISH Network Corp, Cl A *		7,338		213
Electronic Arts Inc *		8,678		1,132
Facebook Inc, Cl A *		71,990		18,854
Fox Corp		14,819		414
Interpublic Group of Cos Inc/The		11,701		195
Live Nation Entertainment Inc *		4,300		232
Netflix Inc *		13,200		6,600
News Corp, Cl A		11,975		168
News Corp, Cl B		4,000		56
Omnicom Group Inc		6,404		317
Take-Two Interactive Software Inc, Cl A *		3,400		562
T-Mobile US Inc *		17,400		1,990
Twitter Inc *		23,600		1,050
Verizon Communications Inc		123,996		7,376
ViacomCBS Inc, Cl B		16,221		454
Walt Disney Co/The		54,093		6,712


				90,202


Consumer Discretionary — 11.4%
Advance Auto Parts Inc		2,100		322
Amazon.com Inc, Cl A *		12,748		40,140
Aptiv PLC *		8,100		743
AutoZone Inc *		708		834
Best Buy Co Inc		6,854		763
Booking Holdings Inc *		1,240		2,121
BorgWarner Inc		6,300		244
CarMax Inc *		4,900		450
Carnival Corp *		14,084		214
Chipotle Mexican Grill Inc, Cl A *		846		1,052
Darden Restaurants Inc		3,918		395
Dollar General Corp		7,481		1,568
Dollar Tree Inc *		7,154		653
Domino’s Pizza Inc		1,200		510
DR Horton Inc		9,958		753
eBay Inc		19,949		1,039
Etsy Inc *		3,600		438
Expedia Group Inc *		4,055		372
Ford Motor Co *		117,770		784
Gap Inc/The		6,231		106
Garmin Ltd		4,405		418
General Motors Co *		37,713		1,116
Genuine Parts Co		4,336		413
Hanesbrands Inc		10,600		167



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Hasbro Inc		3,896	$	322
Hilton Worldwide Holdings Inc *		8,300		708
Home Depot Inc/The		32,231		8,951
L Brands Inc *		7,127		227
Las Vegas Sands Corp *		9,900		462
Leggett & Platt Inc		4,059		167
Lennar Corp, Cl A		8,216		671
LKQ Corp *		8,400		233
Lowe’s Cos Inc		22,649		3,757
Marriott International Inc/MD, Cl A *		8,024		743
McDonald’s Corp		22,255		4,885
MGM Resorts International		12,400		270
Mohawk Industries Inc *		1,800		176
Newell Brands Inc, Cl B		11,055		190
NIKE Inc, Cl B		37,223		4,673
Norwegian Cruise Line Holdings Ltd *		8,100		139
NVR Inc *		100		408
O’Reilly Automotive Inc *		2,218		1,023
PulteGroup Inc		7,499		347
PVH Corp *		2,159		129
Ralph Lauren Corp, Cl A *		1,405		96
Ross Stores Inc *		10,636		992
Royal Caribbean Cruises Ltd		5,100		330
Starbucks Corp		34,887		2,998
Tapestry Inc *		8,319		130
Target Corp, Cl A		15,028		2,366
Tiffany & Co		3,278		380
TJX Cos Inc/The *		35,786		1,991
Tractor Supply Co		3,480		499
Ulta Beauty Inc *		1,647		369
Under Armour Inc, Cl A *		6,005		67
Under Armour Inc, Cl C *		6,449		63
VF Corp		9,665		679
Whirlpool Corp		1,905		350
Wynn Resorts Ltd *		2,900		208
Yum! Brands Inc		9,070		828


				96,442


Consumer Staples — 6.9%
Altria Group Inc		55,573		2,147
Archer-Daniels-Midland Co		16,675		775
Brown-Forman Corp, Cl B		5,465		412
Campbell Soup Co		5,184		251
Church & Dwight Co Inc		7,400		693
Clorox Co/The		3,742		786
Coca-Cola Co/The		115,849		5,720
Colgate-Palmolive Co		25,695		1,982
Conagra Brands Inc		14,765		527
Constellation Brands Inc, Cl A		5,013		950
Costco Wholesale Corp		13,218		4,692
Estee Lauder Cos Inc/The, Cl A		6,800		1,484
General Mills Inc		18,186		1,122
Hershey Co/The		4,412		632

SEI Institutional Managed Trust / Annual Report / September 30, 2020

SCHEDULE OF INVESTMENTS

September 30, 2020

S&P 500 Index Fund (Continued)



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Hormel Foods Corp		8,408	$	411
J M Smucker Co/The		3,453		399
Kellogg Co		7,667		495
Kimberly-Clark Corp		10,203		1,507
Kraft Heinz Co/The		19,108		572
Kroger Co/The		23,436		795
Lamb Weston Holdings Inc		4,300		285
McCormick & Co Inc/MD		3,666		712
Molson Coors Beverage Co, Cl B *		5,751		193
Mondelez International Inc, Cl A		42,620		2,449
Monster Beverage Corp *		11,054		887
PepsiCo Inc		41,459		5,746
Philip Morris International Inc		46,587		3,494
Procter & Gamble Co/The		74,545		10,361
Sysco Corp, Cl A		15,320		953
Tyson Foods Inc, Cl A		8,903		530
Walgreens Boots Alliance Inc		21,557		774
Walmart Inc		41,556		5,814


				58,550


Energy — 2.0%
Apache Corp		10,900		103
Baker Hughes Co, Cl A		19,449		258
Cabot Oil & Gas Corp		11,713		203
Chevron Corp		55,923		4,026
Concho Resources Inc		5,900		260
ConocoPhillips		32,160		1,056
Devon Energy Corp		11,313		107
Diamondback Energy Inc, Cl A		4,900		148
EOG Resources Inc		17,546		631
Exxon Mobil Corp		126,646		4,348
Halliburton Co		26,642		321
Hess Corp		7,975		326
HollyFrontier Corp		4,300		85
Kinder Morgan Inc		58,282		719
Marathon Oil Corp		22,556		92
Marathon Petroleum Corp		19,660		577
National Oilwell Varco Inc, Cl A *		11,268		102
Noble Energy Inc		13,900		119
Occidental Petroleum Corp		25,362		254
ONEOK Inc		13,309		346
Phillips 66		13,175		683
Pioneer Natural Resources Co		4,904		422
Schlumberger NV, Cl A		42,000		653
TechnipFMC PLC		11,700		74
Valero Energy Corp		12,221		529
Williams Cos Inc/The		36,569		719


				17,161


Financials — 9.5%
Aflac Inc		20,034		728
Allstate Corp/The		9,359		881
American Express Co		19,528		1,958



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
American International Group Inc		25,830	$	711
Ameriprise Financial Inc		3,584		552
Aon PLC, Cl A		6,929		1,429
Arthur J Gallagher & Co		5,800		612
Assurant Inc		1,805		219
Bank of America Corp		228,445		5,503
Bank of New York Mellon Corp/The		24,499		841
Berkshire Hathaway Inc, Cl B *		59,363		12,641
BlackRock Inc		4,281		2,413
Capital One Financial Corp		13,755		988
Cboe Global Markets Inc		3,300		290
Charles Schwab Corp/The		34,836		1,262
Chubb Ltd		13,434		1,560
Cincinnati Financial Corp		4,483		350
Citigroup Inc		62,151		2,679
Citizens Financial Group Inc		12,900		326
CME Group Inc		10,740		1,797
Comerica Inc		4,192		160
Discover Financial Services		9,230		533
E*TRADE Financial Corp		6,752		338
Everest Re Group Ltd		1,237		244
Fifth Third Bancorp		21,411		456
First Republic Bank/CA		5,200		567
Franklin Resources Inc		8,050		164
Globe Life Inc		2,939		235
Goldman Sachs Group Inc/The		10,265		2,063
Hartford Financial Services Group Inc/The		10,686		394
Huntington Bancshares Inc/OH		30,814		283
Intercontinental Exchange Inc		16,605		1,661
Invesco Ltd		11,000		126
JPMorgan Chase & Co		91,276		8,787
KeyCorp		29,383		351
Lincoln National Corp		5,498		172
Loews Corp		7,162		249
M&T Bank Corp		3,825		352
MarketAxess Holdings Inc		1,100		530
Marsh & McLennan Cos Inc		15,159		1,739
MetLife Inc		23,239		864
Moody’s Corp		4,863		1,410
Morgan Stanley		35,761		1,729
MSCI Inc, Cl A		2,500		892
Nasdaq Inc, Cl A		3,500		430
Northern Trust Corp		6,309		492
People’s United Financial Inc		12,900		133
PNC Financial Services Group Inc/The		12,684		1,394
Principal Financial Group Inc, Cl A		7,757		312
Progressive Corp/The		17,585		1,665
Prudential Financial Inc		11,866		754
Raymond James Financial Inc		3,600		262
Regions Financial Corp		28,863		333
S&P Global Inc		7,151		2,579
State Street Corp		10,591		628

SEI Institutional Managed Trust / Annual Report / September 30, 2020

SCHEDULE OF INVESTMENTS

September 30, 2020

S&P 500 Index Fund (Continued)



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
SVB Financial Group, Cl B *		1,500	$	361
Synchrony Financial		16,063		420
T Rowe Price Group Inc		6,808		873
Travelers Cos Inc/The		7,556		817
Truist Financial Corp		40,496		1,541
Unum Group		6,061		102
US Bancorp		41,023		1,471
W R Berkley Corp		4,200		257
Wells Fargo & Co		123,115		2,894
Willis Towers Watson PLC		3,821		798
Zions Bancorp NA		4,760		139


				80,694


Health Care — 14.0%
Abbott Laboratories		52,999		5,768
AbbVie Inc		52,750		4,620
ABIOMED Inc *		1,300		360
Agilent Technologies Inc		9,215		930
Alexion Pharmaceuticals Inc *		6,600		755
Align Technology Inc *		2,159		707
AmerisourceBergen Corp, Cl A		4,396		426
Amgen Inc, Cl A		17,522		4,453
Anthem Inc		7,527		2,022
Baxter International Inc		15,235		1,225
Becton Dickinson and Co		8,671		2,017
Biogen Inc *		4,700		1,333
Bio-Rad Laboratories Inc, Cl A *		600		309
Boston Scientific Corp *		43,012		1,644
Bristol-Myers Squibb Co		67,397		4,063
Cardinal Health Inc		8,759		411
Catalent Inc *		4,900		420
Centene Corp *		17,308		1,010
Cerner Corp		9,200		665
Cigna Corp		11,007		1,865
Cooper Cos Inc/The, Cl A		1,500		506
CVS Health Corp		39,076		2,282
Danaher Corp, Cl A		18,896		4,069
DaVita Inc *		2,205		189
DENTSPLY SIRONA Inc		6,609		289
DexCom Inc *		2,800		1,154
Edwards Lifesciences Corp, Cl A *		18,700		1,493
Eli Lilly and Co		23,806		3,524
Gilead Sciences Inc		37,484		2,369
HCA Healthcare Inc *		7,905		986
Henry Schein Inc *		4,300		253
Hologic Inc *		7,800		518
Humana Inc		3,958		1,638
IDEXX Laboratories Inc *		2,500		983
Illumina Inc *		4,400		1,360
Incyte Corp *		5,500		494
Intuitive Surgical Inc *		3,534		2,507
IQVIA Holdings Inc *		5,700		898
Johnson & Johnson		78,854		11,740



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Laboratory Corp of America Holdings *		2,963	$	558
McKesson Corp		4,829		719
Medtronic PLC		40,272		4,185
Merck & Co Inc		75,776		6,286
Mettler-Toledo International Inc *		733		708
Mylan NV *		15,815		234
PerkinElmer Inc		3,340		419
Perrigo Co PLC		4,004		184
Pfizer Inc		166,456		6,109
Quest Diagnostics Inc		4,024		461
Regeneron Pharmaceuticals Inc *		3,162		1,770
ResMed Inc		4,300		737
STERIS PLC		2,547		449
Stryker Corp		9,746		2,031
Teleflex Inc		1,400		477
Thermo Fisher Scientific Inc		11,869		5,240
UnitedHealth Group Inc		28,428		8,863
Universal Health Services Inc, Cl B *		2,300		246
Varian Medical Systems Inc *		2,705		465
Vertex Pharmaceuticals Inc *		7,760		2,112
Waters Corp *		1,897		371
West Pharmaceutical Services Inc		2,200		605
Zimmer Biomet Holdings Inc		6,222		847
Zoetis Inc, Cl A		14,246		2,356


				118,687


Industrials — 8.1%
3M Co		17,247		2,763
A O Smith Corp		4,100		216
Alaska Air Group Inc *		3,700		136
Allegion plc		2,770		274
American Airlines Group Inc *(A)		15,109		186
AMETEK Inc		6,900		686
Boeing Co/The *		15,887		2,625
Carrier Global Corp		24,544		750
Caterpillar Inc, Cl A		16,206		2,417
CH Robinson Worldwide Inc		4,105		419
Cintas Corp		2,568		855
Copart Inc *		6,200		652
CSX Corp		22,872		1,776
Cummins Inc		4,444		938
Deere & Co		9,406		2,085
Delta Air Lines Inc, Cl A *		19,313		591
Dover Corp		4,337		470
Eaton Corp PLC		12,008		1,225
Emerson Electric Co		17,915		1,175
Equifax Inc		3,630		570
Expeditors International of Washington Inc		5,061		458
Fastenal Co, Cl A		17,218		776
FedEx Corp		7,252		1,824
Flowserve Corp		4,000		109
Fortive Corp		10,087		769
Fortune Brands Home & Security Inc		4,200		363

SEI Institutional Managed Trust / Annual Report / September 30, 2020

SCHEDULE OF INVESTMENTS

September 30, 2020

S&P 500 Index Fund (Continued)



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
General Dynamics Corp		6,959	$	963
General Electric Co		261,309		1,628
Honeywell International Inc		21,041		3,464
Howmet Aerospace Inc *		11,178		187
Huntington Ingalls Industries Inc, Cl A		1,200		169
IDEX Corp		2,300		420
IHS Markit Ltd		11,100		871
Illinois Tool Works Inc		8,629		1,667
Ingersoll Rand Inc *		10,333		368
Jacobs Engineering Group Inc		3,904		362
JB Hunt Transport Services Inc		2,551		322
Johnson Controls International PLC		22,399		915
Kansas City Southern		2,800		506
L3Harris Technologies Inc		6,509		1,105
Lockheed Martin Corp		7,304		2,799
Masco Corp		7,884		435
Nielsen Holdings PLC		10,700		152
Norfolk Southern Corp		7,630		1,633
Northrop Grumman Corp		4,641		1,464
Old Dominion Freight Line Inc, Cl A		2,900		525
Otis Worldwide Corp		12,222		763
PACCAR Inc		10,367		884
Parker-Hannifin Corp, Cl A		3,871		783
Pentair PLC		5,066		232
Quanta Services Inc		4,200		222
Raytheon Technologies Corp		45,660		2,627
Republic Services Inc		6,283		587
Robert Half International Inc		3,532		187
Rockwell Automation Inc		3,430		757
Rollins Inc		4,200		228
Roper Technologies Inc		3,100		1,225
Snap-on Inc		1,653		243
Southwest Airlines Co, Cl A *		17,662		662
Stanley Black & Decker Inc		4,640		753
Teledyne Technologies Inc *		1,100		341
Textron Inc		6,907		249
Trane Technologies PLC		7,204		873
TransDigm Group Inc		1,600		760
Union Pacific Corp		20,374		4,011
United Airlines Holdings Inc *		7,500		261
United Parcel Service Inc, Cl B		21,172		3,528
United Rentals Inc *		2,200		384
Verisk Analytics Inc, Cl A		4,900		908
Waste Management Inc		11,628		1,316
Westinghouse Air Brake Technologies Corp		5,390		334
WW Grainger Inc		1,265		451
Xylem Inc/NY		5,400		454


				69,086


Information Technology — 27.6%
Accenture PLC, Cl A		19,049		4,305
Adobe Inc *		14,375		7,050
Advanced Micro Devices Inc *		35,200		2,886



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Akamai Technologies Inc *		4,904	$	542
Amphenol Corp, Cl A		8,909		964
Analog Devices Inc		10,971		1,281
ANSYS Inc *		2,600		851
Apple Inc		481,362		55,746
Applied Materials Inc		27,250		1,620
Arista Networks Inc *		1,600		331
Autodesk Inc, Cl A *		6,517		1,505
Automatic Data Processing Inc		12,859		1,794
Broadcom Inc		12,046		4,389
Broadridge Financial Solutions Inc		3,444		455
Cadence Design Systems Inc *		8,400		896
CDW Corp/DE		4,300		514
Cisco Systems Inc		126,761		4,993
Citrix Systems Inc		3,542		488
Cognizant Technology Solutions Corp, Cl A		16,305		1,132
Corning Inc, Cl B		22,908		742
DXC Technology Co *		7,730		138
F5 Networks Inc, Cl A *		1,800		221
Fidelity National Information Services Inc, Cl B		18,565		2,733
Fiserv Inc, Cl A *		16,620		1,713
FleetCor Technologies Inc *		2,469		588
FLIR Systems Inc		4,000		143
Fortinet Inc *		4,012		473
Gartner Inc *		2,700		337
Global Payments Inc		8,927		1,585
Hewlett Packard Enterprise Co		38,991		365
HP Inc		41,091		780
Intel Corp		127,397		6,597
International Business Machines Corp		26,633		3,240
Intuit Inc		7,786		2,540
IPG Photonics Corp *		1,100		187
Jack Henry & Associates Inc		2,300		374
Juniper Networks Inc		10,100		217
Keysight Technologies Inc *		5,600		553
KLA Corp		4,671		905
Lam Research Corp		4,322		1,434
Leidos Holdings Inc		4,000		357
Mastercard Inc, Cl A		26,474		8,953
Maxim Integrated Products Inc *		8,000		541
Microchip Technology Inc		7,404		761
Micron Technology Inc *		33,269		1,562
Microsoft Corp		226,615		47,664
Motorola Solutions Inc		5,089		798
NetApp Inc		6,685		293
NortonLifeLock Inc		16,247		339
NVIDIA Corp		18,512		10,019
Oracle Corp, Cl B		57,823		3,452
Paychex Inc		9,669		771
Paycom Software Inc *		1,400		436
PayPal Holdings Inc *		35,149		6,925

SEI Institutional Managed Trust / Annual Report / September 30, 2020

SCHEDULE OF INVESTMENTS

September 30, 2020

S&P 500 Index Fund (Continued)



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Qorvo Inc *		3,400	$	439
QUALCOMM Inc		33,754		3,972
salesforce.com Inc *		27,223		6,842
Seagate Technology PLC		6,700		330
ServiceNow Inc *		5,761		2,794
Skyworks Solutions Inc		5,004		728
Synopsys Inc *		4,500		963
TE Connectivity Ltd		9,909		969
Teradyne Inc		5,000		397
Texas Instruments Inc		27,466		3,922
Tyler Technologies Inc *		1,200		418
VeriSign Inc *		3,000		615
Visa Inc, Cl A		50,476		10,094
Western Digital Corp *		9,174		335
Western Union Co/The		12,434		266
Xerox Holdings Corp		5,376		101
Xilinx Inc		7,353		766
Zebra Technologies Corp, Cl A *		1,600		404


				234,833


Materials — 2.6%
Air Products and Chemicals Inc		6,566		1,956
Albemarle Corp		3,200		286
Amcor PLC		47,232		522
Avery Dennison Corp		2,515		321
Ball Corp		9,772		812
Celanese Corp, Cl A		3,600		387
CF Industries Holdings Inc		6,450		198
Corteva Inc		22,473		647
Dow Inc		22,306		1,049
DuPont de Nemours Inc		22,073		1,225
Eastman Chemical Co		4,020		314
Ecolab Inc		7,475		1,494
FMC Corp		3,900		413
Freeport-McMoRan Inc, Cl B *		43,836		686
International Flavors & Fragrances Inc (A)		3,194		391
International Paper Co		11,874		481
Linde PLC		15,720		3,743
LyondellBasell Industries NV, Cl A		7,674		541
Martin Marietta Materials Inc, Cl A		1,819		428
Mosaic Co/The		10,109		185
Newmont Corp		23,925		1,518
Nucor Corp		9,095		408
Packaging Corp of America		2,900		316
PPG Industries Inc		7,090		866
Sealed Air Corp		4,528		176
Sherwin-Williams Co/The, Cl A		2,471		1,722
Vulcan Materials Co		3,949		535
Westrock Co		7,884		274


				21,894


Real Estate — 2.6%
Alexandria Real Estate Equities Inc ^‡		3,500		560



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
American Tower Corp, Cl A ^‡		13,246	$	3,202
Apartment Investment and Management Co, Cl A ^‡		4,640		156
AvalonBay Communities Inc ^‡		4,215		629
Boston Properties Inc ^‡		4,300		345
CBRE Group Inc, Cl A *^‡		10,109		475
Crown Castle International Corp ^‡		12,604		2,099
Digital Realty Trust Inc, Cl A ^‡		8,069		1,184
Duke Realty Corp ^‡		11,100		410
Equinix Inc ^‡		2,683		2,039
Equity Residential ^‡		10,344		531
Essex Property Trust Inc ^‡		1,900		382
Extra Space Storage Inc ^‡		3,900		417
Federal Realty Investment Trust ^‡		2,100		154
Healthpeak Properties Inc ^‡		16,100		437
Host Hotels & Resorts Inc *^‡		21,674		234
Iron Mountain Inc ^‡		8,538		229
Kimco Realty Corp ^‡		13,113		148
Mid-America Apartment Communities Inc ^‡		3,400		394
Prologis Inc ^‡		22,120		2,226
Public Storage ^‡		4,566		1,017
Realty Income Corp ^‡		10,400		632
Regency Centers Corp ^‡		4,699		179
SBA Communications Corp, Cl A ^‡		3,300		1,051
Simon Property Group Inc ^‡		9,206		595
SL Green Realty Corp ^‡		2,200		102
UDR Inc ^‡		9,000		293
Ventas Inc ^‡		11,332		475
Vornado Realty Trust ^‡		4,677		158
Welltower Inc ^‡		12,600		694
Weyerhaeuser Co *^‡		22,361		638


				22,085


Utilities — 2.9%
AES Corp/The		19,690		357
Alliant Energy Corp		7,600		392
Ameren Corp		7,453		589
American Electric Power Co Inc		14,915		1,219
American Water Works Co Inc		5,400		782
Atmos Energy Corp		3,700		354
CenterPoint Energy Inc		16,485		319
CMS Energy Corp		8,601		528
Consolidated Edison Inc		10,033		781
Dominion Energy Inc		25,187		1,988
DTE Energy Co		5,745		661
Duke Energy Corp		22,016		1,950
Edison International		11,457		582
Entergy Corp		6,026		594
Evergy Inc		6,799		345
Eversource Energy		10,235		855
Exelon Corp		29,155		1,043
FirstEnergy Corp		16,423		471
NextEra Energy Inc		14,620		4,058

SEI Institutional Managed Trust / Annual Report / September 30, 2020

SCHEDULE OF INVESTMENTS

September 30, 2020

S&P 500 Index Fund (Continued)



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
NiSource Inc		11,544	$	254
NRG Energy Inc		7,213		222
Pinnacle West Capital Corp		3,449		257
PPL Corp		23,071		628
Public Service Enterprise Group Inc		15,030		825
Sempra Energy		8,645		1,023
Southern Co/The		31,735		1,721
WEC Energy Group Inc		9,419		913
Xcel Energy Inc		15,736		1,086


				24,797


Total Common Stock (Cost $273,119) ($ Thousands)				834,431



Description	Shares		Market Value ($ Thousands)

AFFILIATED PARTNERSHIP — 0.0%
SEI Liquidity Fund, L.P.
0.100% **^†(B)		349,021	$	349


Total Affiliated Partnership (Cost $349) ($ Thousands)				349


CASH EQUIVALENT — 1.5%
SEI Daily Income Trust, Government Fund, Cl F
0.010%**^†		12,427,603		12,428


Total Cash Equivalent (Cost $12,428) ($ Thousands)				12,428


Total Investments in Securities — 99.7% (Cost $285,896) ($ Thousands)			$	847,208

A list of the open futures contracts held by the Fund at September 30, 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		Dec-2020	$	15,858	$	15,922	$	64

Percentages are based on Net Assets of $850,084 ($ Thousands).

*	Non-income producing security.

**	The rate reported is the 7-day effective yield as of September 30, 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 September 30, 2020 (see Note 10). The total market value of securities on loan at September 30, 2020 was $345 ($ Thousands).

(B)	This security was purchased with cash collateral held from securities on loan. The total market value of such securities as of September 30, 2020 was $349 ($ Thousands).

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 September 30, 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

834,432

–

834,431

Affiliated Partnership

–

349

–

349

Cash Equivalent

12,428

–

12,428

Total Investments in Securities

846,860

349

–

847,208

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 year ended September 30, 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 / Annual Report / September 30, 2020

SCHEDULE OF INVESTMENTS

September 30, 2020

S&P 500 Index Fund (Continued)

The following is a summary of the Fund’s transactions with affiliates for the year ended September 30, 2020 ($ Thousands):



Security Description	Value 9/30/2019		Purchases at Cost		Proceeds from Sales			Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)		Value 9/30/2020		Shares		Income		Capital Gains
SEI Liquidity Fund, L.P.	$	—	$	59,268	$	(58,922	)	$	3	$	—	$	349		349,021	$	13	$	—
SEI Daily Income Trust, Government Fund, Cl F		8,999		243,016		(239,587	)		—		—		12,428		12,427,603		100		—

Totals	$	8,999	$	302,284	$	(298,509	)	$	3	$	—	$	12,777			$	113	$	—

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 / Annual Report / September 30, 2020

SCHEDULE OF INVESTMENTS

September 30, 2020

Small Cap Fund



Description	Shares		Market Value ($ Thousands)

COMMON STOCK — 98.3%

Communication Services — 2.5%
Bandwidth Inc, Cl A *		4,000	$	698
Boingo Wireless Inc *		18,460		188
Boston Omaha Corp, Cl A *		6,651		107
Cable One Inc		765		1,442
Cars.com Inc *		31,960		258
Cinemark Holdings Inc		168,949		1,690
Cogent Communications Holdings Inc		35,610		2,138
comScore Inc *		47,640		97
Consolidated Communications Holdings Inc *		170,440		970
Glu Mobile Inc *		61,557		473
Iridium Communications Inc *		22,800		583
MSG Networks Inc *		10,369		99
National CineMedia Inc		44,182		120
Nexstar Media Group Inc, Cl A		16,498		1,484
Ooma Inc *		58,179		759
QuinStreet Inc *		26,640		422
TEGNA Inc		91,581		1,076
TrueCar Inc *		106,137		531


				13,135


Consumer Discretionary — 16.3%
1-800-Flowers.com Inc, Cl A *		21,622		539
Aaron’s Inc		31,212		1,768
Adtalem Global Education Inc *		15,903		390
Advance Auto Parts Inc		8,691		1,334
American Axle & Manufacturing Holdings Inc *		22,340		129
American Eagle Outfitters Inc		359,855		5,330
American Outdoor Brands Inc *		2,062		27
American Public Education Inc *		31,412		885
America’s Car-Mart Inc/TX *		4,918		417
At Home Group Inc *		36,500		542
Beazer Homes USA Inc, Cl A *		28,839		381
Bed Bath & Beyond Inc *		35,000		524
Big Lots Inc		24,997		1,115
Biglari Holdings Inc, Cl B *		181		16
Bloomin’ Brands Inc		233,293		3,562
Brinker International Inc *		18,995		811
Brunswick Corp/DE		23,574		1,389
Buckle Inc/The		16,590		338
Callaway Golf Co *		29,711		569
Camping World Holdings Inc, Cl A		18,000		535
CarParts.com Inc *(A)		144,142		1,558
Carriage Services Inc		39,977		892
Carter’s Inc *		6,655		576
Cato Corp/The, Cl A *		38,430		301
Cheesecake Factory Inc/The (A)		75,616		2,098
Chegg Inc *		4,915		351
Churchill Downs Inc		5,350		876
Chuy’s Holdings Inc *		24,795		485
Citi Trends Inc *		8,845		221



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Core-Mark Holding Co Inc, Cl A		48,027	$	1,389
Dave & Buster’s Entertainment Inc (A)		269,222		4,081
Deckers Outdoor Corp *		5,496		1,209
Del Taco Restaurants Inc *		20,970		172
Dick’s Sporting Goods Inc		12,021		696
Domino’s Pizza Inc		3,944		1,677
El Pollo Loco Holdings Inc *		53,031		859
Envela Corp *		62,751		269
Ethan Allen Interiors Inc		37,630		510
Etsy Inc *		3,130		381
Fiesta Restaurant Group Inc *		20,350		191
Floor & Decor Holdings Inc, Cl A *		7,800		583
Green Brick Partners Inc *		92,928		1,496
GrowGeneration Corp *(A)		27,500		439
Hamilton Beach Brands Holding Co, Cl A		4,042		79
Haverty Furniture Cos Inc		40,386		846
Helen of Troy Ltd *		2,950		571
Hibbett Sports Inc *		12,583		494
Hooker Furniture Corp		1,623		42
Installed Building Products Inc *		6,300		641
Johnson Outdoors Inc, Cl A		8,905		729
Lands’ End Inc *		7,614		99
LGI Homes Inc *		5,548		645
Lincoln Educational Services Corp *		76,763		424
Liquidity Services Inc *		3,217		24
Lithia Motors Inc, Cl A		2,200		501
Lovesac Co/The *		7,890		219
M/I Homes Inc *		14,300		659
Marine Products Corp		8,040		126
MDC Holdings Inc		13,200		622
Meritage Homes Corp *		10,779		1,190
Michaels Cos Inc/The *		50,000		483
Modine Manufacturing Co *		577,653		3,610
Monro Inc		18,830		764
Murphy USA Inc *		22,125		2,838
Noodles & Co, Cl A *		25,560		176
Norwegian Cruise Line Holdings Ltd *(A)		96,505		1,651
Oxford Industries Inc, Cl A		10,222		413
Papa John’s International Inc, Cl A		6,182		509
Peloton Interactive Inc, Cl A *		5,747		570
Penn National Gaming Inc *		12,878		936
Perdoceo Education Corp *		34,492		422
Pool Corp		5,541		1,854
Purple Innovation Inc, Cl A *		12,568		312
RH *		2,272		869
Scientific Games Corp, Cl A *		15,700		548
Shutterstock Inc		21,517		1,120
Skechers USA Inc, Cl A *		15,180		459
Smith & Wesson Brands Inc		8,251		128
Sonic Automotive Inc, Cl A		8,900		357
Sportsman’s Warehouse Holdings Inc *		90,045		1,289
Stamps.com Inc *		4,882		1,176

SEI Institutional Managed Trust / Annual Report / September 30, 2020

SCHEDULE OF INVESTMENTS

September 30, 2020

Small Cap Fund (Continued)



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Steven Madden Ltd *		17,534	$	342
Superior Group of Cos Inc		13,017		302
Taylor Morrison Home Corp, Cl A *		78,143		1,922
Texas Roadhouse Inc, Cl A *		8,351		508
Tilly’s Inc, Cl A *		63,720		384
TopBuild Corp *		4,742		809
Tractor Supply Co		11,935		1,711
TRI Pointe Group Inc *		36,603		664
Urban Outfitters Inc *		118,277		2,461
Velodyne Lidar Inc *		14,500		271
Vista Outdoor Inc *		71,446		1,442
Weyco Group Inc		6,970		113
Williams-Sonoma Inc		4,300		389
Wingstop Inc, Cl A		7,741		1,058
Winmark Corp		4,610		794
Workhorse Group Inc *(A)		25,033		633
XPEL Inc *		1,250		33
YETI Holdings Inc *		24,506		1,111
Zovio Inc, Cl A *		116,336		465
Zumiez Inc *		16,788		467


				86,185


Consumer Staples — 6.0%
BJ’s Wholesale Club Holdings Inc *		53,890		2,239
Boston Beer Co Inc/The, Cl A *		507		448
Calavo Growers Inc		18,580		1,231
Cal-Maine Foods Inc *		31,280		1,200
Casey’s General Stores Inc		8,176		1,452
Celsius Holdings Inc *		23,338		530
Central Garden & Pet Co, Cl A *		35,032		1,342
Church & Dwight Co Inc		13,613		1,276
Darling Ingredients Inc *		97,685		3,519
elf Beauty Inc *		34,980		643
Freshpet Inc *		7,308		816
Hain Celestial Group Inc/The *		24,591		844
Hostess Brands Inc, Cl A *		89,029		1,098
J & J Snack Foods Corp		10,002		1,304
Lamb Weston Holdings Inc		18,929		1,254
Landec Corp *		21,567		210
Lifevantage Corp *		44,933		542
Medifast Inc		3,565		586
MGP Ingredients Inc		19,560		777
National Beverage Corp, Cl A *(A)		7,828		532
Natural Grocers by Vitamin Cottage Inc		49,787		491
Oil-Dri Corp of America		2,967		106
Pilgrim’s Pride Corp *(A)		89,997		1,347
Primo Water Corp		42,000		596
Sanderson Farms Inc		9,669		1,141
SpartanNash Co		7,970		130
Spectrum Brands Holdings Inc		13,145		751
Tootsie Roll Industries Inc		26,270		812
TreeHouse Foods Inc *		45,935		1,862
Turning Point Brands Inc		22,470		627



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
United Natural Foods Inc *		13,080	$	195
Utz Brands Inc		28,463		510
Village Super Market Inc, Cl A		22,923		564
Weis Markets Inc		18,933		909


				31,884


Energy — 1.7%
Berry Corp *		32,860		104
Bonanza Creek Energy Inc *		8,151		153
Cabot Oil & Gas Corp		113,626		1,973
Cimarex Energy Co		73,665		1,792
Delek US Holdings Inc		30,787		343
DMC Global Inc *		14,558		480
Green Plains Inc *		19,120		296
Liberty Oilfield Services Inc, Cl A *		14,240		114
National Energy Services Reunited Corp *		20,990		134
New Fortress Energy Inc, Cl A		20,641		908
NexTier Oilfield Solutions Inc *		78,016		144
Oil States International Inc *		37,436		102
Parsley Energy Inc, Cl A		56,000		524
PDC Energy Inc, Cl A *		30,823		382
Peabody Energy Corp *		1,288		3
Renewable Energy Group Inc *		13,000		695
Select Energy Services Inc, Cl A *		66,928		257
Solaris Oilfield Infrastructure Inc, Cl A		17,980		114
Talos Energy Inc *		26,710		172
Tidewater Inc *		17,563		118


				8,808


Financials — 17.1%
Affiliated Managers Group Inc		9,574		655
Amalgamated Bank, Cl A		21,600		228
American Equity Investment Life Holding Co		194,140		4,269
Anworth Mortgage Asset Corp ^‡		155,280		255
Ares Commercial Real Estate Corp ^‡		14,512		133
Argo Group International Holdings Ltd		73,345		2,525
Artisan Partners Asset Management Inc, Cl A		31,790		1,239
Atlantic Capital Bancshares Inc *		16,935		192
B Riley Financial Inc		7,140		179
Banco Latinoamericano de Comercio Exterior SA, Cl E		12,680		154
Bancorp Inc/The *		45,100		390
Bank of Marin Bancorp		10,419		302
Bank of NT Butterfield & Son Ltd/The		53,484		1,192
Bank OZK		56,412		1,203
BankUnited Inc		191,392		4,193
Blackstone Mortgage Trust Inc, Cl A ^‡		49,571		1,089
Bridgewater Bancshares Inc *		16,240		154
BRP Group Inc, Cl A *		32,481		809
Capital Bancorp Inc *		6,402		60
Capstead Mortgage Corp ^‡		22,370		126
Caretrust ^‡		32,000		569
Carter Bank & Trust *		22,130		147

SEI Institutional Managed Trust / Annual Report / September 30, 2020

SCHEDULE OF INVESTMENTS

September 30, 2020

Small Cap Fund (Continued)



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Central Pacific Financial Corp		16,300	$	221
Cherry Hill Mortgage Investment Corp ^‡		16,866		151
CNO Financial Group Inc		270,110		4,333
Cohen & Steers Inc		34,837		1,942
Crawford & Co, Cl A		36,940		242
Curo Group Holdings Corp		21,950		155
Customers Bancorp Inc *		19,072		214
Discover Financial Services		25,961		1,500
Donegal Group Inc, Cl A		17,670		249
Dynex Capital Inc ^‡		67,664		1,029
Enova International Inc *		9,740		160
ESSA Bancorp Inc		8,365		103
EZCORP Inc, Cl A *		68,000		342
FactSet Research Systems Inc		5,251		1,758
Farmers National Banc Corp		21,760		238
Federated Hermes Inc, Cl B		22,265		479
FedNat Holding Co		448		3
First Bancshares Inc/The		5,573		117
First Commonwealth Financial Corp		232,903		1,803
First Community Bankshares Inc		19,280		348
First Financial Corp/IN		6,440		202
First Horizon National Corp		669,709		6,315
First of Long Island Corp/The		14,488		214
Flagstar Bancorp Inc		20,456		606
Flushing Financial Corp		26,923		283
FNB Corp/PA		566,502		3,841
Globe Life Inc		13,450		1,075
Goosehead Insurance Inc, Cl A *		4,874		422
Granite Point Mortgage Trust Inc ^‡		43,007		305
Great Western Bancorp Inc		69,737		868
Greenhill & Co Inc		19,097		217
Greenlight Capital Re Ltd, Cl A *		19,430		131
Hanmi Financial Corp		12,380		102
Hannon Armstrong Sustainable Infrastructure Capital Inc ^‡		14,000		592
Hanover Insurance Group Inc/The, Cl A		13,221		1,232
HarborOne Bancorp Inc		74,190		599
HBT Financial Inc		23,580		264
HCI Group Inc		10,970		541
Hercules Capital Inc, Cl A		112,006		1,296
Heritage Commerce Corp		18,641		124
Heritage Insurance Holdings Inc		18,210		184
Hilltop Holdings Inc		31,676		652
Home BancShares Inc/AR		68,691		1,041
HomeTrust Bancshares Inc		13,650		185
Independent Bank Corp/MI		8,850		111
Kemper Corp, Cl A		13,288		888
Kinsale Capital Group Inc		3,142		597
Lincoln National Corp		83,081		2,603
Macatawa Bank Corp		36,993		241
MarketAxess Holdings Inc		3,067		1,477
Mercantile Bank Corp		7,970		144



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Merchants Bancorp/IN		32,815	$	647
MGIC Investment Corp		134,811		1,194
Morningstar Inc, Cl A		5,850		940
Mr Cooper Group Inc *		24,503		547
National General Holdings Corp		15,500		523
OFG Bancorp		110,654		1,379
Oportun Financial Corp *		11,720		138
Oppenheimer Holdings Inc, Cl A		8,220		183
Palomar Holdings Inc, Cl A *		6,264		653
PCSB Financial Corp		19,520		236
Peapack-Gladstone Financial Corp		15,340		232
PennyMac Financial Services Inc		20,259		1,177
Peoples Bancorp Inc/OH		30,640		585
Pinnacle Financial Partners Inc		20,372		725
PJT Partners Inc		9,894		600
Professional Holding Corp, Cl A *		8,319		111
Prosperity Bancshares Inc		23,070		1,196
Provident Bancorp Inc		15,496		121
Pzena Investment Management Inc, Cl A		23,670		127
RBB Bancorp		22,380		254
Ready Capital Corp ^‡		25,413		285
Regional Management Corp *		6,593		110
Richmond Mutual BanCorp Inc		12,940		137
Safeguard Scientifics Inc *		55,761		306
ServisFirst Bancshares Inc		14,120		480
Social Capital Hedosophia Holdings Corp II, Cl A *(A)		34,034		646
Sterling Bancorp/DE		110,271		1,160
Stifel Financial Corp		9,584		484
TCF Financial Corp		182,070		4,253
TriState Capital Holdings Inc *		15,768		209
Trupanion Inc *		8,990		709
Umpqua Holdings Corp		353,088		3,750
Univest Financial Corp		81,038		1,164
Waterstone Financial Inc		91,645		1,420
Western Alliance Bancorp		22,505		712
Westwood Holdings Group Inc *		8,669		97
WisdomTree Investments Inc		47,480		152


				90,444


Health Care — 14.1%
Abeona Therapeutics Inc *		51,635		53
Accuray Inc *		67,774		163
Affimed NV *		150,750		511
Agenus Inc *		95,688		383
Akero Therapeutics Inc *		11,932		367
Albireo Pharma Inc *		6,240		208
American Renal Associates Holdings Inc *		22,523		155
AMN Healthcare Services Inc *		50,618		2,959
AnaptysBio Inc *		9,970		147
Anika Therapeutics Inc *		13,093		463
Antares Pharma Inc *		87,930		237
Apollo Medical Holdings Inc *		3,518		63

SEI Institutional Managed Trust / Annual Report / September 30, 2020

SCHEDULE OF INVESTMENTS

September 30, 2020

Small Cap Fund (Continued)



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Apyx Medical Corp *		28,295	$	133
Ardelyx Inc *		17,998		95
Arena Pharmaceuticals Inc *		7,100		531
Assembly Biosciences Inc *		25,000		411
Atreca Inc, Cl A *		9,379		131
Avid Bioservices Inc *		95,323		726
Axonics Modulation Technologies Inc *		10,800		551
BioDelivery Sciences International Inc *		218,387		815
Biohaven Pharmaceutical Holding Co Ltd *		5,420		352
BioSpecifics Technologies Corp *		12,110		640
Blueprint Medicines Corp *		7,600		705
Cardiff Oncology Inc *(A)		38,000		539
Castle Biosciences Inc *		20,059		1,032
Catalyst Pharmaceuticals Inc *		104,836		311
Cerecor Inc *		42,330		96
Charles River Laboratories International Inc *		2,145		486
Chemed Corp		3,440		1,652
ChemoCentryx Inc *		15,881		870
Chiasma Inc *		51,941		223
Computer Programs and Systems Inc		10,280		284
Cross Country Healthcare Inc *		30,669		199
CryoPort Inc *		13,500		640
Cutera Inc *		25,190		478
Cymabay Therapeutics Inc *		109,854		795
CytomX Therapeutics Inc *		20,240		135
CytoSorbents Corp *		29,819		238
Denali Therapeutics Inc *		15,500		555
Dicerna Pharmaceuticals Inc *		27,136		488
Durect Corp *		250,808		429
Eagle Pharmaceuticals Inc/DE *		7,648		325
Eiger BioPharmaceuticals Inc *		14,962		122
Emergent BioSolutions Inc *		12,264		1,267
Encompass Health Corp		19,277		1,253
Ensign Group Inc/The		48,105		2,745
Envista Holdings Corp *		63,118		1,558
Enzo Biochem Inc *		115,676		244
Evolent Health Inc, Cl A *		33,829		420
Fate Therapeutics Inc *		12,901		516
Five Prime Therapeutics Inc *		100,148		471
Flexion Therapeutics Inc *		13,970		145
Fulcrum Therapeutics Inc *		14,444		115
G1 Therapeutics Inc *		39,487		456
GenMark Diagnostics Inc *		40,172		571
Halozyme Therapeutics Inc *		20,371		535
Harpoon Therapeutics Inc *		8,046		137
Heska Corp *		3,900		385
Horizon Therapeutics PLC *		9,622		747
Immunovant Inc *		13,600		479
Inari Medical Inc *		6,000		414
Inovalon Holdings Inc, Cl A *		22,000		582
Inspire Medical Systems Inc *		4,667		602



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Integra LifeSciences Holdings Corp *		59,377	$	2,804
Intersect ENT Inc *		15,000		245
Intra-Cellular Therapies Inc, Cl A *		14,513		372
Invacare Corp *		25,330		191
Invitae Corp *		16,282		706
iRadimed Corp *		8,441		181
iRhythm Technologies Inc *		3,664		872
Joint Corp/The *		21,081		367
Kindred Biosciences Inc *		34,426		148
Kiniksa Pharmaceuticals Ltd, Cl A *		6,256		96
Kura Oncology Inc *		23,311		714
Lannett Co Inc *		21,838		133
Lantheus Holdings Inc *		30,061		381
LeMaitre Vascular Inc		4,205		137
Livongo Health Inc *		4,279		599
Luminex Corp		56,907		1,494
Magellan Health Inc *		7,320		555
Marinus Pharmaceuticals Inc *		19,087		245
MeiraGTx Holdings plc *		24,050		318
Meridian Bioscience Inc *		44,223		751
Mirati Therapeutics Inc *		4,500		747
Mustang Bio Inc *		43,728		138
MyoKardia Inc *		5,944		810
NanoString Technologies Inc *		11,600		519
Natera Inc *		11,054		799
Nevro Corp *		4,915		685
NuVasive Inc *		16,005		777
Ontrak Inc *(A)		6,840		410
Otonomy Inc *		136,225		552
Owens & Minor Inc		50,503		1,268
Oyster Point Pharma Inc *		5,700		120
Pacific Biosciences of California Inc *		29,414		290
Pacira BioSciences Inc *		10,700		643
Personalis Inc *		21,311		462
Pieris Pharmaceuticals Inc *		62,273		129
Precision BioSciences Inc *		21,160		130
Prestige Consumer Healthcare Inc, Cl A *		49,013		1,785
Prevail Therapeutics Inc *		10,273		105
Protagonist Therapeutics Inc *		23,029		450
Prothena Corp PLC *		19,080		191
Quest Diagnostics Inc		11,942		1,367
Quidel Corp *		2,329		511
R1 RCM Inc *		73,000		1,252
Repligen Corp *		3,197		472
ResMed Inc		9,806		1,681
Retrophin Inc *		30,736		567
Revance Therapeutics Inc *		16,000		402
Rigel Pharmaceuticals Inc *		337,385		810
Scholar Rock Holding Corp *		13,904		246
Seres Therapeutics Inc *		18,600		527
Shockwave Medical Inc *		9,200		697
SIGA Technologies Inc *		57,085		392

SEI Institutional Managed Trust / Annual Report / September 30, 2020

SCHEDULE OF INVESTMENTS

September 30, 2020

Small Cap Fund (Continued)



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Silk Road Medical Inc *		10,925	$	734
Spectrum Pharmaceuticals Inc *		36,083		147
Spero Therapeutics Inc *		13,500		151
STERIS PLC		10,048		1,770
Surface Oncology Inc *		85,959		593
Surmodics Inc *		6,790		264
Sutro Biopharma Inc *		12,761		128
Syndax Pharmaceuticals Inc *		6,804		100
Syros Pharmaceuticals Inc *		73,072		646
Tandem Diabetes Care Inc *		4,615		524
TG Therapeutics Inc *		20,000		535
Turning Point Therapeutics Inc *		7,400		647
Twist Bioscience Corp *		8,501		646
Ultragenyx Pharmaceutical Inc *		13,606		1,118
Utah Medical Products Inc		1,346		108
Veracyte Inc *		14,803		481
Vericel Corp *		22,630		419
Voyager Therapeutics Inc *		36,230		387


				74,979


Industrials — 15.1%
AAON Inc		10,305		621
ABM Industries Inc		14,600		535
ACCO Brands Corp		174,641		1,013
Advanced Drainage Systems Inc		21,932		1,369
AECOM *		22,853		956
AeroVironment Inc *		7,302		438
Allied Motion Technologies Inc		2,460		102
Altra Industrial Motion Corp		25,782		953
Ameresco Inc, Cl A *		16,000		534
American Superconductor Corp *		41,208		597
Arcosa Inc		12,814		565
Argan Inc		12,400		520
Atlas Air Worldwide Holdings Inc *		21,233		1,293
AZEK Co Inc/The, Cl A *		13,000		453
Badger Meter Inc		21,467		1,403
Bloom Energy Corp, Cl A *(A)		23,000		413
Blue Bird Corp *		9,631		117
BMC Stock Holdings Inc *		13,093		561
Brady Corp, Cl A		11,374		455
Builders FirstSource Inc *		39,586		1,291
BWX Technologies Inc, Cl W		48,858		2,751
CAI International Inc		16,210		446
CBIZ Inc *		22,225		508
CECO Environmental Corp *		35,290		257
CIRCOR International Inc *		22,953		628
Clean Harbors Inc *		18,345		1,028
Cornerstone Building Brands Inc *		10,705		85
Covenant Logistics Group Inc, Cl A *		27,274		477
CRA International Inc		15,976		599
Ducommun Inc *		13,275		437
DXP Enterprises Inc/TX *		22,615		365
Dycom Industries Inc *(A)		9,100		481



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
EMCOR Group Inc		8,180	$	554
Energy Recovery Inc *		72,778		597
Enerpac Tool Group Corp, Cl A		33,606		632
Ennis Inc		38,590		673
EnPro Industries Inc		14,358		810
ESCO Technologies Inc		5,777		465
Evoqua Water Technologies Corp *		29,174		619
Exponent Inc		21,694		1,563
Foundation Building Materials Inc *		33,259		523
Franklin Covey Co *		15,530		276
Generac Holdings Inc *		2,389		463
Gibraltar Industries Inc *		19,538		1,273
Great Lakes Dredge & Dock Corp *		24,150		230
Griffon Corp		26,500		518
Harsco Corp *		53,040		738
Heartland Express Inc		28,239		525
Heidrick & Struggles International Inc		23,722		466
Heritage-Crystal Clean Inc *		4,980		67
Hexcel Corp, Cl A *		11,775		395
Hillenbrand Inc		30,831		874
Huntington Ingalls Industries Inc, Cl A		5,395		759
Huron Consulting Group Inc *		24,027		945
Insteel Industries Inc		5,891		110
ITT Inc		23,881		1,410
JetBlue Airways Corp *		259,502		2,940
Kelly Services Inc, Cl A *		27,232		464
Kimball International Inc, Cl B		19,143		202
Korn Ferry		26,722		775
Landstar System Inc		8,419		1,057
Lindsay Corp		5,202		503
Marten Transport Ltd		32,250		526
Masonite International Corp *		16,770		1,650
Maxar Technologies Inc		21,016		524
Mercury Systems Inc *		6,636		514
Miller Industries Inc/TN		10,049		307
MRC Global Inc *		63,240		271
MSC Industrial Direct Co Inc, Cl A		18,307		1,158
MYR Group Inc *		13,034		485
Nordson Corp		6,153		1,180
Northwest Pipe Co *		18,341		485
nVent Electric PLC		46,788		828
Park Aerospace Corp		43,210		472
PGT Innovations Inc *		36,563		641
PICO Holdings Inc *		12,274		110
Plug Power Inc *		57,947		777
Powell Industries Inc		26,519		640
Primoris Services Corp		32,000		577
Quanex Building Products Corp		27,208		502
Quanta Services Inc		11,700		618
Regal Beloit		11,221		1,053
Resources Connection Inc		44,185		510
Rexnord Corp		20,000		597

SEI Institutional Managed Trust / Annual Report / September 30, 2020

SCHEDULE OF INVESTMENTS

September 30, 2020

Small Cap Fund (Continued)



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Saia Inc *		3,209	$	405
Shyft Group Inc/The		24,150		456
Simpson Manufacturing Co Inc		12,660		1,230
SiteOne Landscape Supply Inc *		4,900		598
Snap-on Inc		8,063		1,186
SP Plus Corp *		5,643		101
SPX Corp *		14,454		670
SPX FLOW Inc *		11,406		488
Standex International Corp		13,638		807
Sterling Construction Co Inc *		16,440		233
Sunrun Inc *(A)		12,587		970
Systemax Inc		12,060		289
Team Inc *		80,577		443
Tetra Tech Inc		26,101		2,493
Textainer Group Holdings Ltd *		26,290		372
Toro Co/The		16,466		1,382
Trex Co Inc *		8,466		606
Tutor Perini Corp *		25,240		281
UFP Industries Inc		22,804		1,289
UniFirst Corp/MA		6,900		1,307
Universal Logistics Holdings Inc *		16,900		353
US Xpress Enterprises Inc, Cl A *		8,496		70
Vectrus Inc *		8,160		310
Veritiv Corp *		10,961		139
Vicor Corp *		5,529		430
Wabash National Corp		40,294		482
Werner Enterprises Inc		13,000		546
WESCO International Inc *		86,219		3,795
Willdan Group Inc *		7,290		186


				80,019


Information Technology — 14.1%
A10 Networks Inc *		204,674		1,304
Advanced Energy Industries Inc *		7,800		491
Agilysys Inc *		36,560		883
American Software Inc/GA, Cl A		32,485		456
Amkor Technology Inc *		47,687		534
AudioCodes Ltd		40,100		1,262
Avid Technology Inc *		41,362		354
Belden Inc		10,178		317
BigCommerce Holdings Inc *(A)		4,050		337
Bill.com Holdings Inc *		4,053		407
Blackline Inc *		6,597		591
Box Inc, Cl A *		30,320		526
Brightcove Inc *		86,040		881
Broadridge Financial Solutions Inc		9,347		1,234
Brooks Automation Inc		7,729		358
Cabot Microelectronics Corp		10,275		1,467
CACI International Inc, Cl A *		5,443		1,160
Calix Inc *		62,066		1,104
Casa Systems Inc *		49,686		200
Cerence Inc *		10,600		518
ChannelAdvisor Corp *		47,490		687



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Cloudflare Inc, Cl A *		10,029	$	412
Cognex Corp		19,194		1,250
CommVault Systems Inc *		13,500		551
Comtech Telecommunications Corp		14,910		209
Conduent Inc *		168,122		535
CyberOptics Corp *		30,567		973
Digi International Inc *		18,272		286
Digital Turbine Inc *		34,015		1,114
Diodes Inc *		21,906		1,237
DSP Group Inc *		37,730		497
Echo Global Logistics Inc *		15,530		400
eGain Corp *		67,918		962
Endurance International Group Holdings Inc *		36,220		208
Entegris Inc		5,510		410
ePlus Inc *		6,977		511
ExlService Holdings Inc *		16,111		1,063
Fastly Inc, Cl A *		4,477		419
Five9 Inc *		4,669		605
FormFactor Inc *		21,108		526
Genasys Inc *		39,101		240
GSI Technology Inc *		32,018		181
Hackett Group Inc/The		44,678		499
Harmonic Inc, Cl A *		55,112		308
Ichor Holdings Ltd *		38,890		839
II-VI Inc *		24,805		1,006
Immersion Corp *		49,000		345
Impinj Inc *		5,125		135
International Money Express Inc *		52,259		751
J2 Global Inc *		46,884		3,245
Jack Henry & Associates Inc		8,017		1,303
Lantronix Inc *		41,331		199
Lattice Semiconductor Corp *		19,964		578
Limelight Networks Inc *		21,400		123
Littelfuse Inc		6,638		1,177
LivePerson Inc *		11,792		613
LiveRamp Holdings Inc *		11,325		586
MACOM Technology Solutions Holdings Inc *		40,094		1,364
Manhattan Associates Inc *		5,500		525
ManTech International Corp/VA, Cl A		39,653		2,731
MAXIMUS Inc		17,178		1,175
Mitek Systems Inc *		57,766		736
MobileIron Inc *		74,801		524
Model N Inc *		15,830		558
Napco Security Technologies Inc *		15,801		371
NCR Corp *		141,392		3,130
NeoPhotonics Corp *		122,204		744
NIC Inc		25,603		504
nLight Inc *		8,410		197
Nuance Communications Inc *		16,336		542
PDF Solutions Inc *		16,669		312
Pegasystems Inc		3,178		385

SEI Institutional Managed Trust / Annual Report / September 30, 2020

SCHEDULE OF INVESTMENTS

September 30, 2020

Small Cap Fund (Continued)



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
PFSweb Inc *		78,885	$	528
Power Integrations Inc		34,539		1,914
QAD Inc, Cl A		2,509		106
Rambus Inc *		39,597		542
Ribbon Communications Inc *		45,100		175
Rogers Corp *		7,204		706
Sailpoint Technologies Holdings Inc *		18,700		740
SecureWorks Corp, Cl A *		38,506		439
Semtech Corp *		9,743		516
SiTime Corp *		8,254		694
SMART Global Holdings Inc *		20,054		548
Sprout Social Inc, Cl A *		13,551		522
SPS Commerce Inc *		6,000		467
SunPower Corp, Cl A *		37,000		463
Super Micro Computer Inc *		145,632		3,845
SVMK Inc *		28,393		628
Sykes Enterprises Inc *		18,083		619
Telenav Inc *		117,843		424
Tenable Holdings Inc *		33,500		1,265
TTEC Holdings Inc		11,645		635
Universal Display Corp		8,161		1,475
Varonis Systems Inc *		5,022		580
Veeco Instruments Inc *		17,574		205
Viavi Solutions Inc *		100,987		1,185
Virtusa Corp *		20,369		1,001
Xperi Holding Corp		41,325		475
Zix Corp *		70,310		411
Zscaler Inc *		4,045		569


				74,842


Materials — 5.2%
American Vanguard Corp, Cl B *		14,600		192
B2Gold Corp		300,639		1,960
Balchem Corp		5,845		571
Boise Cascade Co		15,405		615
Cabot Corp		11,912		429
Century Aluminum Co *		201,963		1,438
Clearwater Paper Corp *		23,278		883
Commercial Metals Co, Cl A		220,463		4,405
Domtar Corp *		30,473		801
Forterra Inc *		64,831		766
Gold Resource Corp		286,587		977
Hawkins Inc		2,412		111
Hecla Mining Co		129,919		660
Ingevity Corp *		13,731		679
Innospec Inc		9,703		614
Koppers Holdings Inc *		24,887		520
Livent Corp *		85,947		771
Louisiana-Pacific Corp		18,722		553
Myers Industries Inc		36,832		487
Novagold Resources Inc *		52,386		623
O-I Glass Inc, Cl I *		79,643		844
Olin Corp		46,321		574



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Quaker Chemical Corp		7,706	$	1,385
Ranpak Holdings Corp, Cl A *		13,480		128
Ryerson Holding Corp *		23,378		134
Schnitzer Steel Industries Inc, Cl A		17,130		329
Scotts Miracle-Gro Co/The, Cl A		2,395		366
Sensient Technologies Corp		19,092		1,102
Silgan Holdings Inc		21,027		773
Stepan Co		9,016		983
US Concrete Inc *		17,129		498
Valvoline Inc		54,923		1,046
Verso Corp		28,909		228
W R Grace & Co		24,823		1,000


				27,445


Real Estate — 3.2%
Alexandria Real Estate Equities Inc ^‡		9,578		1,533
Americold Realty Trust ^‡		37,206		1,330
CatchMark Timber Trust Inc, Cl A ^‡		14,671		131
Columbia Property Trust Inc ^‡		70,492		769
Corporate Office Properties Trust ^‡		35,227		836
CTO Realty Growth Inc ^‡		2,855		126
EastGroup Properties Inc ^‡		4,497		582
eXp World Holdings Inc *^‡		11,822		477
Getty Realty Corp ^‡		19,105		497
Gladstone Commercial Corp ^‡		11,961		202
Gladstone Land Corp ^‡		6,462		97
Global Medical REIT Inc ^‡		24,160		326
Innovative Industrial Properties Inc, Cl A ^‡		6,898		856
Kennedy-Wilson Holdings Inc ^‡		73,692		1,070
Lexington Realty Trust, Cl B ^‡		119,787		1,252
Newmark Group Inc, Cl A ^‡		91,708		396
NexPoint Residential Trust Inc ^‡		29,075		1,289
PotlatchDeltic Corp ^‡		12,400		522
QTS Realty Trust Inc, Cl A ^‡(A)		17,236		1,086
RE/MAX Holdings Inc, Cl A ^‡		10,029		328
Redfin Corp *^‡		17,206		859
Retail Value Inc ^‡		18,955		238
Safehold Inc ^‡		9,407		584
STAG Industrial Inc ^‡		20,006		610
Tejon Ranch Co *^‡		12,089		171
Terreno Realty Corp ^‡		10,749		589
UMH Properties Inc ^‡		9,260		125


				16,881


Utilities — 3.0%
Algonquin Power & Utilities Corp		115,967		1,686
American States Water Co		20,854		1,563
American Water Works Co Inc		10,040		1,455
Artesian Resources Corp, Cl A		7,349		253
Atlantic Power Corp *		185,190		363
Black Hills Corp, Cl A		14,663		784
Clearway Energy Inc, Cl A		26,500		655
Consolidated Water Co Ltd		33,195		346

SEI Institutional Managed Trust / Annual Report / September 30, 2020

SCHEDULE OF INVESTMENTS

September 30, 2020

Small Cap Fund (Continued)



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Genie Energy Ltd, Cl B		63,770	$	510
Hawaiian Electric Industries Inc		14,146		470
IDACORP Inc, Cl A		15,024		1,200
PNM Resources Inc		11,189		462
Portland General Electric Co		71,796		2,549
Pure Cycle Corp *		79,359		715
Spark Energy Inc, Cl A		14,717		122
Spire Inc		16,026		853
Sunnova Energy International Inc *		21,000		639
UGI Corp		39,328		1,297


				15,922

Total Common Stock (Cost $460,141) ($ Thousands)				520,544


EXCHANGE TRADED FUND — 0.2%
iShares Russell 2000 Value ETF		12,166		1,209


Total Exchange Traded Fund (Cost $1,174) ($ Thousands)				1,209


AFFILIATED PARTNERSHIP — 2.7%
SEI Liquidity Fund, L.P.
0.100% **^†(B)		14,413,020		14,415


Total Affiliated Partnership (Cost $14,413) ($ Thousands)				14,415


CASH EQUIVALENT — 1.8%
SEI Daily Income Trust, Government Fund, Cl F
0.010%**^†		9,347,352		9,347


Total Cash Equivalent (Cost $9,347) ($ Thousands)				9,347


Total Investments in Securities — 103.0% (Cost $485,075) ($ Thousands)			$	545,515

Percentages are based on a Net Assets of $529,522 ($ Thousands).

*	Non-income producing security.

**	The rate reported is the 7-day effective yield as of September 30, 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 September 30, 2020 (see Note 10). The total market value of securities on loan at September 30, 2020, was $14,063 ($ Thousands).

(B)	This security was purchased with cash collateral held from securities on loan (see Note 10). The total market value of such securities as of September 30, 2020 was $14,415 ($ Thousands).

Cl — Class

ETF — Exchange-Traded Fund

L.P. — Limited Partnership

Ltd. — Limited

PLC — Public Limited Company

REIT — Real Estate investment Trust

SPX — Standard & Poor’s 500 Index

The following is a list of the level of inputs used as of September 30, 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

520,544

–

520,544

Exchange Traded Fund

1,209

–

1,209

Affiliated Partnership

–

14,415

–

14,415

Cash Equivalent

9,347

–

9,347

Total Investments in Securities

531,100

14,415

–

545,515

For the year September 30, 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 / Annual Report / September 30, 2020

SCHEDULE OF INVESTMENTS

September 30, 2020

Small Cap Fund (Continued)

The following is a summary of the Fund’s transactions with affiliates for the year ended September 30, 2020 ($ Thousands):



Security Description	Value 9/30/2019	Purchases at Cost	Proceeds from Sales	Realized Gain/ (Loss)	Change in Unrealized Appreciation/ (Depreciation)	Value 9/30/2020	Shares	Income	Capital Gains
SEI Liquidity Fund, L.P.	$16,900	$155,637	$(158,126)	$1	$3	$14,415	14,413,020	$241	$—
SEI Daily Income Trust, Government Fund, Cl F	13,698	252,002	(256,353)	—	—	9,347	9,347,352	87	—

Totals	$30,598	$407,639	$(414,479)	$1	$3	$23,762		$328	$—

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 / Annual Report / September 30, 2020

SCHEDULE OF INVESTMENTS

September 30, 2020

Small Cap Value Fund


Description	Shares		Market Value ($ Thousands)

COMMON STOCK — 95.1%

Communication Services — 2.1%
AMC Networks Inc, Cl A *		21,797	$	539
Cars.com Inc *		44,287		358
Cinemark Holdings Inc *		46,273		463
Entercom Communications Corp *		77,830		125
Gray Television Inc *		12,310		169
Liberty TripAdvisor Holdings Inc, Cl A *		19,142		33
Nexstar Media Group Inc, Cl A		42,752		3,845
TEGNA Inc		45,084		530
Yelp Inc, Cl A *		11,549		232


				6,294


Consumer Discretionary — 11.9%
Aaron’s Inc		8,181		463
American Axle & Manufacturing Holdings Inc *		60,966		352
American Eagle Outfitters Inc		144,015		2,133
American Public Education Inc *		4,294		121
Big Lots Inc		16,724		746
Bloomin’ Brands Inc *		107,260		1,638
Bluegreen Vacations *		7,013		34
Brinker International Inc *		16,679		713
Buckle Inc/The		3,069		63
Cheesecake Factory Inc/The *(A)		40,558		1,125
Collectors Universe Inc		1,698		84
Cooper Tire & Rubber Co		2,851		90
Dana Inc *		67,676		834
Dave & Buster’s Entertainment Inc *(A)		118,261		1,793
Deckers Outdoor Corp *		2,522		555
Dick’s Sporting Goods Inc		28,424		1,645
Dillard’s Inc, Cl A (A)		3,728		136
Ethan Allen Interiors Inc		17,670		239
Genesco Inc *		14,446		311
G-III Apparel Group *		25,608		336
Goodyear Tire & Rubber Co/The *		52,501		403
Group 1 Automotive Inc *		13,392		1,184
Haverty Furniture Cos Inc		27,684		580
Hibbett Sports Inc *		7,811		306
Johnson Outdoors Inc, Cl A		734		60
K12 Inc *		5,391		142
KB Home		29,070		1,116
Laureate Education Inc, Cl A *		3,069		41
La-Z-Boy Inc, Cl Z		26,055		824
Lithia Motors Inc, Cl A		15,520		3,538
MDC Holdings Inc		23,547		1,109
Meritage Homes Corp *		26,749		2,953
Modine Manufacturing Co *		265,658		1,660
Norwegian Cruise Line Holdings Ltd *(A)		25,622		438
Office Depot Inc *		39,003		759
Perdoceo Education Corp *		19,595		240
Rent-A-Center Inc/TX		23,467		701
Sally Beauty Holdings Inc *		66,841		581
Shutterstock Inc		4,924		256


Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Skechers USA Inc, Cl A *		5,774	$	174
Sleep Number Corp *		13,954		682
Sonic Automotive Inc, Cl A		27,915		1,121
Taylor Morrison Home Corp, Cl A *		31,293		770
TRI Pointe Group Inc *		15,102		274
Urban Outfitters Inc *		48,000		999
Williams-Sonoma Inc		5,200		470
Wyndham Destinations Inc		14,900		458
Zumiez Inc *		2,216		62


				35,312


Consumer Staples — 2.5%
Alico		2,041		58
Edgewell Personal Care Co *		15,540		433
Hostess Brands Inc, Cl A *		253,749		3,129
Ingles Markets Inc, Cl A		17,300		658
Medifast Inc		253		42
Pilgrim’s Pride Corp *		28,712		430
SpartanNash Co		53,695		878
Sprouts Farmers Market Inc *		23,991		502
Universal Corp/VA		16,303		683
USANA Health Sciences Inc *		1,632		120
Village Super Market Inc, Cl A		13,951		343
Weis Markets Inc		1,110		53


				7,329


Energy — 1.9%
Arch Resources *		12,829		545
Cabot Oil & Gas Corp		17,675		307
Cimarex Energy Co		29,118		708
CONSOL Energy Inc *		10,879		48
Delek US Holdings Inc		29,986		334
DHT Holdings Inc		34,044		176
Parsley Energy Inc, Cl A		97,947		917
PDC Energy Inc, Cl A *		17,537		217
Rattler Midstream LP (B)		104,328		621
Renewable Energy Group Inc *		2,379		127
SEACOR Holdings Inc, Cl A *		2,380		69
Southwestern Energy Co *		171,727		403
Viper Energy Partners LP (B)		62,328		469
World Fuel Services Corp		36,460		773


				5,714


Financials — 20.7%
Affiliated Managers Group Inc		3,648		249
AG Mortgage Investment Trust Inc *^‡		38,725		107
Amalgamated Bank, Cl A		8,192		87
American Equity Investment Life Holding Co		86,441		1,901
Apollo Commercial Real Estate Finance Inc ^‡		18,656		168
Arbor Realty Trust Inc ^‡		72,897		836
Argo Group International Holdings Ltd		25,463		877
Artisan Partners Asset Management Inc, Cl A		7,852		306
Associated Banc-Corp		79,842		1,008
Assured Guaranty Ltd		17,003		365

SEI Institutional Managed Trust / Annual Report / September 30, 2020

SCHEDULE OF INVESTMENTS

September 30, 2020

Small Cap Value Fund (Continued)


Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Axis Capital Holdings Ltd		16,694	$	735
Banco Latinoamericano de Comercio Exterior SA, Cl E		37,368		454
Bancorp Inc/The *		14,131		122
BankFinancial Corp		8,267		60
BankUnited Inc		105,472		2,311
BayCom *		5,348		55
Berkshire Hills Bancorp Inc		34,472		348
BGC Partners Inc, Cl A		634,022		1,522
BlackRock Capital Investment Corp		72,115		176
Boston Private Financial Holdings Inc		10,132		56
C&F Financial Corp		1,654		49
Camden National Corp		24,822		750
Capital Bancorp Inc *		6,108		58
Capstar Financial Holdings Inc		8,130		80
Cathay General Bancorp		33,768		732
Central Pacific Financial Corp		20,233		275
CIT Group Inc		44,674		791
CNO Financial Group Inc		234,541		3,762
Codorus Valley Bancorp Inc		4,803		63
Columbia Banking System Inc		108,476		2,587
Community Trust Bancorp Inc		11,467		324
Cowen Inc, Cl A		4,075		66
Customers Bancorp Inc *		16,595		186
Enova International Inc *		3,397		56
EZCORP Inc, Cl A *		13,275		67
Federal Agricultural Mortgage Corp, Cl C		16,623		1,058
Fidelity National Financial Inc		2,380		74
Financial Institutions Inc		8,476		131
First BanCorp/Puerto Rico		55,415		289
First Busey Corp		14,163		225
First Business Financial Services Inc		2,620		37
First Commonwealth Financial Corp		172,000		1,331
First Foundation Inc		9,199		120
First Horizon National Corp		227,664		2,147
First Internet Bancorp		3,784		56
First Merchants Corp		43,734		1,013
Flagstar Bancorp Inc		32,962		977
Flushing Financial Corp		52,349		551
FNB Corp/PA		219,000		1,485
FS Bancorp Inc		1,515		62
FS KKR Capital (A)		32,456		515
Fulton Financial Corp		74,887		699
GAMCO Investors Inc, Cl A		10,442		121
Genworth Financial Inc, Cl A *		78,634		263
Great Southern Bancorp Inc		5,675		206
Great Western Bancorp Inc		39,683		494
Hancock Whitney Corp, Cl A		39,527		744
Hanmi Financial Corp		33,428		274
Hanover Insurance Group Inc/The, Cl A		4,112		383
Hercules Capital Inc, Cl A		32,056		371
Hilltop Holdings Inc		18,024		371


Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
HomeStreet Inc		8,801	$	227
Hope Bancorp Inc		75,051		569
International Bancshares Corp		13,089		341
Investors Bancorp Inc		58,493		425
Ladder Capital Corp, Cl A ^‡		16,215		115
Level One Bancorp		3,261		51
Lincoln National Corp		33,689		1,055
Merchants Bancorp/IN		6,850		135
Mercury General Corp		9,862		408
Meridian		4,107		66
Metropolitan Bank Holding Corp *		3,196		89
MFA Financial Inc ^‡		105,426		283
MGIC Investment Corp		73,468		651
Midland States Bancorp Inc		2,454		32
MidWestOne Financial Group Inc		3,167		57
Navient Corp		56,244		475
New Mountain Finance Corp (A)		35,559		340
OFG Bancorp		128,092		1,596
Old National Bancorp/IN, Cl A		42,411		533
OP Bancorp		8,158		47
Oppenheimer Holdings Inc, Cl A		2,401		54
Orrstown Financial Services Inc		4,209		54
Pacific Premier Bancorp Inc		89,692		1,806
PacWest Bancorp		170,108		2,905
PCB Bancorp		5,624		49
Peapack-Gladstone Financial Corp		3,594		54
PennantPark Investment Corp		50,623		161
PennyMac Mortgage Investment Trust ^‡		30,745		494
Peoples Bancorp Inc/OH		18,257		349
Popular Inc		22,142		803
Radian Group Inc		58,696		858
RBB Bancorp		4,970		56
Republic Bancorp Inc/KY, Cl A		26,257		739
Riverview Bancorp Inc		10,938		45
Simmons First National Corp, Cl A		34,306		544
Starwood Property Trust Inc ^‡		187,229		2,825
Sterling Bancorp Inc/MI		22,273		67
Synovus Financial Corp		14,259		302
TCF Financial Corp		108,472		2,534
Third Point Reinsurance Ltd *		5,822		40
TriState Capital Holdings Inc *		6,717		89
Two Harbors Investment Corp ^‡		45,736		233
Umpqua Holdings Corp		115,000		1,221
Universal Insurance Holdings Inc		19,221		266
Veritex Holdings Inc		21,425		365
Waddell & Reed Financial Inc, Cl A		17,229		256
Walker & Dunlop Inc		17,529		929
Watford Holdings *		3,691		85
Western Asset Mortgage Capital Corp ^‡		19,438		40

SEI Institutional Managed Trust / Annual Report / September 30, 2020

SCHEDULE OF INVESTMENTS

September 30, 2020

Small Cap Value Fund (Continued)


Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Zions Bancorp NA		14,225	$	416


				61,720


Health Care — 6.9%
Allscripts Healthcare Solutions Inc *		7,867		64
AMN Healthcare Services Inc *		17,672		1,033
Anika Therapeutics Inc *		2,804		99
BioSpecifics Technologies Corp *		1,736		92
Catalyst Pharmaceuticals Inc *		32,484		97
Change Healthcare Inc *		216,723		3,145
Coherus Biosciences Inc *		16,140		296
Corcept Therapeutics Inc *		60,875		1,060
CorVel Corp *		922		79
Eagle Pharmaceuticals Inc/DE *		2,450		104
Emergent BioSolutions *		1,216		126
Five Star Senior Living *		11,725		59
Haemonetics Corp *		1,390		121
HealthStream Inc *		2,568		52
Innoviva Inc *		107,026		1,118
Integra LifeSciences Holdings Corp *		15,176		717
Lannett Co Inc *		24,626		151
Ligand Pharmaceuticals Inc *(A)		41,692		3,974
Magellan Health Inc *		5,682		431
Mallinckrodt PLC *(A)		23,064		22
MEDNAX Inc *		27,343		445
Medpace Holdings Inc *		2,872		321
Meridian Bioscience Inc *		2,976		51
NextGen Healthcare Inc *		7,875		100
NuVasive Inc *		955		46
Orthofix Medical Inc *		2,800		87
Owens & Minor Inc		23,310		585
Patterson Cos Inc		46,939		1,131
Prestige Consumer Healthcare Inc, Cl A *		9,312		339
Providence Service Corp/The *		726		67
Select Medical Holdings Corp *		44,250		921
Supernus Pharmaceuticals Inc *		10,831		226
Syneos Health Inc, Cl A *		59,017		3,137
Triple-S Management Corp, Cl B *		3,683		66
Vanda Pharmaceuticals Inc *		13,541		131


				20,493


Industrials — 15.3%
ACCO Brands Corp		154,035		893
AECOM *		13,705		573
Aerojet Rocketdyne Holdings Inc *		1,092		44
American Woodmark Corp *		6,563		515
Apogee Enterprises Inc		14,294		306
ArcBest Corp		20,003		621
Atkore International Group Inc *		35,988		818
Atlas Air Worldwide Holdings Inc *		25,060		1,526
Barrett Business Services Inc		1,077		57
BMC Stock Holdings Inc *		21,119		905
Builders FirstSource Inc *		36,561		1,193


Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
BWX Technologies Inc, Cl W		62,885	$	3,541
Colfax Corp *		117,483		3,684
Columbus McKinnon Corp/NY		3,774		125
Costamare Inc		14,218		86
Crane Co, Cl A		7,206		361
Deluxe Corp		24,000		617
EMCOR Group Inc		8,476		574
Encore Wire Corp		3,483		162
Ennis Inc		15,239		266
EnPro Industries Inc		5,014		283
Great Lakes Dredge & Dock Corp *		5,340		51
Greenbrier Cos Inc/The		22,745		669
Hawaiian Holdings Inc *		20,977		270
Heidrick & Struggles International Inc		2,286		45
Herman Miller Inc		24,606		742
Hub Group Inc, Cl A *		2,045		103
IAA Inc *		14,619		761
Interface Inc, Cl A		29,679		182
JetBlue Airways Corp *		150,498		1,705
Kaman Corp, Cl A		43,720		1,704
KAR Auction Services Inc *		192,054		2,766
Kelly Services Inc, Cl A *		17,043		290
Kimball International Inc, Cl B		4,946		52
Knoll Inc, Cl B		47,809		577
MasTec Inc *		12,043		508
Meritor Inc *		65,093		1,363
Miller Industries Inc/TN		5,460		167
Moog Inc, Cl A		9,713		617
Mueller Industries Inc		7,815		212
Northwest Pipe Co *		2,154		57
nVent Electric PLC		12,000		212
Orion Energy Systems Inc *		8,906		67
Park-Ohio Holdings Corp *		11,377		183
Powell Industries Inc		1,801		44
Preformed Line Products Co		701		34
Primoris Services Corp		14,201		256
Quanex Building Products Corp		3,592		66
Regal Beloit Corp		9,559		897
SkyWest Inc *		25,821		771
Steelcase Inc, Cl A		64,964		657
Systemax Inc		2,686		64
Teledyne Technologies Inc *		6,369		1,976
Terex Corp *		38,954		754
Timken Co/The		17,160		930
TriNet Group Inc *		943		56
Trinity Industries Inc		117,409		2,290
Triton International Ltd/Bermuda		25,680		1,044
TrueBlue Inc *		8,454		131
UFP Industries Inc		2,672		151
Vectrus Inc *		4,774		181
Veritiv Corp *		3,426		43
Wabash National Corp		76,268		912

SEI Institutional Managed Trust / Annual Report / September 30, 2020

SCHEDULE OF INVESTMENTS

September 30, 2020

Small Cap Value Fund (Continued)


Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
WESCO International Inc *		59,495	$	2,619
XPO Logistics Inc *		15,472		1,310


				45,639


Information Technology — 13.0%
ACI Worldwide Inc *		201,134		5,256
Amkor Technology Inc *		103,840		1,163
Avaya Holdings Corp *		20,131		306
Benchmark Electronics Inc		34,230		690
Ciena Corp *		1,272		50
Cirrus Logic Inc *		10,372		700
Comtech Telecommunications Corp		12,540		176
CSG Systems International Inc		18,461		756
Diodes Inc *		30,003		1,694
Dolby Laboratories Inc, Cl A		13,081		867
Ebix Inc (A)		10,009		206
Euronet Worldwide Inc *		2,661		242
II-VI Inc *		7,600		308
Insight Enterprises Inc *		29,358		1,661
Itron Inc *		18,279		1,110
J2 Global Inc *		78,702		5,448
Jabil Inc		35,702		1,223
Methode Electronics Inc		28,020		799
MicroStrategy Inc, Cl A *		772		116
NCR Corp *		82,334		1,823
NeoPhotonics Corp *		9,482		58
NetScout Systems Inc *		8,637		189
NIC Inc		5,314		105
PC Connection Inc		3,238		133
Photronics Inc *		5,043		50
Progress Software Corp		5,928		217
Rimini Street *		11,638		37
Sanmina Corp *		53,080		1,436
ScanSource Inc *		15,847		314
Silicon Motion Technology Corp ADR		80,722		3,050
SMART Global Holdings Inc *		3,988		109
Super Micro Computer Inc *		58,688		1,549
Sykes Enterprises Inc *		43,624		1,492
SYNNEX Corp *		9,825		1,376
TTM Technologies Inc *		62,010		708
Ultra Clean Holdings Inc *		5,580		120
Unisys Corp *		3,168		34
Verint Systems Inc *		62,377		3,005
Vishay Intertechnology Inc		5,090		79
Xperi Holding Corp		7,771		89


				38,744


Materials — 9.6%
Ashland Global Holdings Inc		38,976		2,764
Axalta Coating Systems Ltd *		111,577		2,474
B2Gold Corp		107,521		701
Boise Cascade Co		9,355		374
Cabot Corp		21,161		762


Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Century Aluminum Co *		56,547	$	403
Chemours Co/The		23,109		483
Commercial Metals Co, Cl A		98,000		1,958
Domtar Corp *		18,971		498
FMC Corp		60,250		6,381
FutureFuel Corp		7,434		85
Gold Resource Corp		97,009		331
Greif Inc, Cl A		29,775		1,078
Huntsman Corp		30,861		685
Ingevity Corp *		2,870		142
Koppers Holdings Inc *		21,342		446
Kraton Corp *		22,056		393
Kronos Worldwide Inc		9,585		123
Minerals Technologies Inc		1,182		60
Myers Industries Inc		3,979		53
O-I Glass Inc, Cl I *		58,671		621
Schnitzer Steel Industries Inc, Cl A		17,872		344
Schweitzer-Mauduit International Inc		11,932		363
Silgan Holdings Inc		169,569		6,235
Stepan Co		666		73
Tredegar Corp		3,232		48
Trinseo SA		14,082		361
Warrior Met Coal Inc		13,006		222


				28,461


Real Estate — 9.4%
Braemar Hotels & Resorts Inc *^‡		37,787		94
Brandywine Realty Trust ^‡		75,151		777
Chatham Lodging Trust *^‡		60,868		464
CIM Commercial Trust Corp ^‡		3,599		36
CoreCivic Inc *^‡		27,923		223
CorEnergy Infrastructure Trust Inc ^‡		9,597		56
DiamondRock Hospitality Co *^‡		109,437		555
Diversified Healthcare Trust ^‡		61,301		216
Franklin Street Properties Corp ^‡		68,347		250
Gaming and Leisure Properties Inc ^‡		113,255		4,183
Hersha Hospitality Trust, Cl A *^‡		56,375		312
Howard Hughes Corp/The *^‡		40,061		2,308
Industrial Logistics Properties Trust ^‡		37,380		818
Investors Real Estate Trust ^‡		1,563		102
Invitation Homes Inc ^‡		55,234		1,546
Kite Realty Group Trust ^‡		62,555		724
Lexington Realty Trust, Cl B ^‡		111,718		1,168
Medical Properties Trust Inc ^‡		299,094		5,273
New Senior Investment Group Inc ^‡		35,558		142
Newmark Group Inc, Cl A ^‡		245,417		1,060
Office Properties Income Trust ^‡		29,624		614
Outfront Media Inc *^‡		32,122		467
Paramount Group Inc ^‡		66,316		470
Pebblebrook Hotel Trust ^‡		21,688		272
Piedmont Office Realty Trust Inc, Cl A ^‡		71,146		965
PotlatchDeltic Corp ^‡		7,516		316
Retail Properties of America Inc, Cl A ^‡		100,075		581

SEI Institutional Managed Trust / Annual Report / September 30, 2020

SCHEDULE OF INVESTMENTS

September 30, 2020

Small Cap Value Fund (Continued)


Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Retail Value Inc ^‡		8,613	$	108
RLJ Lodging Trust ^‡		44,970		389
RMR Group Inc/The, Cl A ^‡		11,524		317
Sabra Health Care REIT Inc ^‡		66,171		912
Service Properties Trust ^‡		39,417		313
SITE Centers Corp *^‡		62,877		453
Summit Hotel Properties Inc *^‡		80,106		415
Sunstone Hotel Investors Inc *^‡		50,467		401
Washington Prime Group Inc *^‡(A)		172,170		112
Xenia Hotels & Resorts Inc *^‡		64,252		564


				27,976


Utilities — 1.8%
Consolidated Water Co Ltd		39,994		416
Genie Energy Ltd, Cl B		18,846		151
MDU Resources Group Inc		64,561		1,453
National Fuel Gas Co		31,787		1,290
Portland General Electric Co		24,186		858
Southwest Gas Holdings Inc		16,634		1,050
Spark Energy Inc, Cl A (A)		29,096		242


				5,460


Total Common Stock (Cost $292,816) ($ Thousands)				283,142


Description	Shares		Market Value ($ Thousands)

AFFILIATED PARTNERSHIP — 2.6%
SEI Liquidity Fund, L.P.
0.100% **^†(C)		7,685,808	$	7,690


Total Affiliated Partnership (Cost $7,686) ($ Thousands)				7,690


CASH EQUIVALENT — 4.6%
SEI Daily Income Trust, Government Fund, Cl F
0.010%**^†		13,795,369		13,795

Total Cash Equivalent (Cost $13,795) ($ Thousands)				13,795


Total Investments in Securities — 102.3% (Cost $314,297) ($ Thousands)			$	304,627

A list of the open futures contracts held at September 30, 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	54		Dec-2020	$	4,069	$	4,062	$ (7)

Percentages are based on Net Assets of $297,647 ($ Thousands).

*	Non-income producing security.

**	The rate reported is the 7-day effective yield as of September 30, 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 September 30, 2020 (see Note 10). The total market value of securities on loan at September 30, 2020 was $7,551 ($ Thousands).

(B)	Security is a Master Limited Partnership. At September 30, 2020, such securities amounted to $1,090 ($ Thousands), or 0.4% of the Net Assets of the Fund (see Note 2).

(C)	This security was purchased with cash collateral held from securities on loan (see Note 10). The total market value of such securities as of September 30, 2020 was $7,690 ($ Thousands).

ADR — American Depositary Receipt

Cl — Class

L.P. — Limited Partnership

PLC — Public Limited Company

The following is a list of the level of inputs used as of September 30, 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

283,142

–

283,142

Affiliated Partnership

–

7,690

–

7,690

Cash Equivalent

13,795

–

13,795

Total Investments in Securities

296,937

7,690

–

304,627

Other Financial Instruments

Level 1
($)

Level 2
($)

Level 3
($)

Total
($)

Futures Contracts*

Unrealized Depreciation

(7)

–

(7)

Total Other Financial Instruments

(7)

–

(7)

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

For the year ended September 30, 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 / Annual Report / September 30, 2020

SCHEDULE OF INVESTMENTS

September 30, 2020

Small Cap Value Fund (Continued)

The following is a summary of the Fund’s transactions with affiliates for the year ended September 30, 2020 ($ Thousands):



Security Description	Value 9/30/2019	Purchases at Cost	Proceeds from Sales	Realized Gain (Loss)	Change in Unrealized Appreciation (Depreciation)	Value 9/30/2020	Shares	Income	Capital Gains
SEI Liquidity Fund, L.P.	$ 8,496	$ 58,862	$ (59,670)	$ —	$ 2	$ 7,690	7,685,808	$109	$ —
SEI Daily Income Trust, Government Fund, Cl F	16,059	75,670	(77,934)	—	—	13,795	13,795,369	92	—

Totals	$24,555	$134,532	$(137,604)	$ —	$ 2	$21,485		$201	$ —

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 / Annual Report / September 30, 2020

SCHEDULE OF INVESTMENTS

September 30, 2020

Small Cap Growth Fund


Description	Shares		Market Value ($ Thousands)

COMMON STOCK — 98.3%

Communication Services — 1.4%
Bandwidth Inc, Cl A *		9,975	$	1,741
Cargurus Inc, Cl A *		5,935		129
Cars.com Inc *		64,000		517
Central European Media Enterprises Ltd, Cl A *		16,688		70
Cinemark Holdings Inc *		33,700		337
Cogent Communications Holdings Inc		1,115		67
EverQuote Inc, Cl A *		10,373		401
Liberty Latin America Ltd, Cl C *		14,620		119
Shenandoah Telecommunications Co		10,000		444
TechTarget Inc *		17,609		774
Yelp Inc, Cl A *		4,325		87


				4,686


Consumer Discretionary — 15.5%
Acushnet Holdings Corp		1,049		35
Asbury Automotive Group Inc *		5,818		567
Beazer Homes USA Inc, Cl A *		10,571		139
Bed Bath & Beyond Inc *		42,055		630
Big Lots Inc		29,837		1,331
Bloomin’ Brands Inc *		40,883		624
Brinker International Inc *		2,150		92
Camping World Holdings Inc, Cl A		3,077		92
CarParts.com Inc *(A)		50,658		548
Carter’s Inc *		14,028		1,215
Chegg Inc *		8,601		614
Churchill Downs Inc		7,031		1,152
Clarus Corp *		64,046		904
Collectors Universe Inc		2,174		108
Cooper Tire & Rubber Co		15,800		501
Cooper-Standard Holdings Inc *		32,563		430
Crocs Inc *		11,921		509
Deckers Outdoor Corp *		9,038		1,988
El Pollo Loco Holdings Inc *		30,329		491
Etsy Inc *		3,655		445
Everi Holdings Inc *		11,461		95
Floor & Decor Holdings Inc, Cl A *		10,172		761
Fox Factory Holding Corp *		5,261		391
Grand Canyon Education Inc *		7,963		637
Group 1 Automotive Inc *		5,560		491
GrowGeneration Corp *(A)		32,085		513
Hanesbrands Inc		71,616		1,128
Haverty Furniture Cos Inc		4,136		87
Hibbett Sports Inc *		3,120		122
Installed Building Products Inc *		6,706		682
Jack in the Box Inc		7,094		563
Johnson Outdoors Inc, Cl A		1,871		153
Kontoor Brands Inc *		1,841		45
Lands’ End Inc *		6,707		87
La-Z-Boy Inc, Cl Z		18,287		578
LGI Homes Inc *		8,522		990


Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Lithia Motors Inc, Cl A		3,679	$	839
Lumber Liquidators Holdings Inc *		4,473		99
Malibu Boats Inc, Cl A *		10,840		537
MarineMax Inc *		17,665		453
Meritage Homes Corp *		20,577		2,272
Michaels Cos Inc/The *		70,223		678
Murphy USA Inc *		3,578		459
Office Depot Inc *		4,210		82
Papa John’s International Inc, Cl A		7,648		629
Peloton Interactive Inc, Cl A *		8,728		866
Penn National Gaming Inc *		19,635		1,428
Perdoceo Education Corp *		46,998		575
Planet Fitness Inc, Cl A *		1,706		105
PlayAGS Inc *		137,605		487
Purple Innovation Inc, Cl A *		23,311		579
Rent-A-Center Inc/TX		31,921		954
RH *		4,316		1,651
Sally Beauty Holdings Inc *		210,579		1,830
Scientific Games Corp, Cl A *		21,843		763
Shake Shack Inc, Cl A *		554		36
Shutterstock Inc		36,144		1,881
Signet Jewelers Ltd *		3,059		57
Skechers USA Inc, Cl A *		73,933		2,234
Sleep Number Corp *		4,151		203
Sonic Automotive Inc, Cl A		18,223		732
Sportsman’s Warehouse Holdings Inc *		96,672		1,383
Stamps.com Inc *		3,859		930
Superior Group of Cos Inc		4,585		106
Taylor Morrison Home Corp, Cl A *		33,549		825
Tenneco Inc, Cl A *		12,484		87
TopBuild Corp *		7,892		1,347
TRI Pointe Group *		38,275		694
Universal Electronics Inc *		2,332		88
Velodyne Lidar Inc *		20,169		377
Vista Outdoor Inc *		11,470		231
Williams-Sonoma Inc		6,101		552
Wingstop Inc, Cl A		10,047		1,373
Workhorse Group Inc *(A)		36,894		933
YETI Holdings Inc *		19,854		900
Zumiez Inc *		7,263		202


				50,195


Consumer Staples — 2.8%
B&G Foods Inc, Cl A (A)		20,505		569
BJ’s Wholesale Club Holdings Inc *		43,239		1,796
Boston Beer Co Inc/The, Cl A *		741		655
Celsius Holdings Inc *		31,548		717
Darling Ingredients Inc *		21,876		788
elf Beauty Inc *		9,125		168
Freshpet Inc *		11,011		1,229
Lifevantage Corp *		7,078		85
Medifast Inc		1,128		186
National Beverage Corp, Cl A *(A)		7,773		529

SEI Institutional Managed Trust / Annual Report / September 30, 2020

SCHEDULE OF INVESTMENTS

September 30, 2020

Small Cap Growth Fund (Continued)


Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Nature’s Sunshine Products Inc *		5,657	$	65
Oil-Dri Corp of America		2,782		100
Performance Food Group Co *		13,723		475
PriceSmart Inc		5,735		381
SpartanNash Co		29,914		489
Utz Brands Inc (A)		40,746		729


				8,961


Energy — 1.8%
Bonanza Creek Energy Inc *		28,000		526
Clean Energy Fuels Corp *		37,314		93
DHT Holdings Inc		12,104		62
Dorian LPG Ltd *		12,410		99
Earthstone Energy Inc, Cl A *		30,769		80
Evolution Petroleum Corp		118,804		266
Goodrich Petroleum Corp *		13,756		106
Helix Energy Solutions Group Inc *		37,192		90
Magnolia Oil & Gas Corp *		66,205		342
Matador Resources Co *(A)		55,013		454
Nabors Industries Ltd *		1,053		26
NCS Multistage Holdings Inc *		104,586		62
New Fortress Energy Inc, Cl A		26,948		1,186
Renewable Energy Group Inc *		35,299		1,886
RigNet Inc, Cl A *(A)		136,347		559
Solaris Oilfield Infrastructure Inc, Cl A		14,204		90
W&T Offshore Inc *(A)		21,642		39


				5,966


Financials — 8.3%
American Equity Investment Life Holding Co		4,239		93
Artisan Partners Asset Management Inc, Cl A		44,561		1,737
Atlantic Capital Bancshares Inc *		8,306		94
Bancorp Inc/The *		10,472		90
BankUnited Inc		27,066		593
BCB Bancorp Inc		4,582		37
Bridgewater Bancshares Inc *		6,171		59
Brightsphere Investment Group Inc		39,577		511
BRP Group Inc, Cl A *		27,836		693
Cannae Holdings Inc *		2,939		109
Capstar Financial Holdings Inc		4,146		41
CBTX Inc		4,016		66
Central Pacific Financial Corp		4,569		62
Century Bancorp Inc/MA, Cl A		750		49
Coastal Financial Corp/WA *		6,845		84
Cohen & Steers Inc		4,217		235
Cowen Inc, Cl A		27,919		454
Curo Group Holdings Corp		5,049		36
Customers Bancorp Inc *		2,990		33
Donegal Group Inc, Cl A		2,765		39
Encore Capital Group Inc *		17,333		669
Enova International Inc *		2,199		36
Federated Hermes Inc, Cl B		26,681		574
First Business Financial Services Inc		6,983		100


Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
First Financial Bankshares Inc, Cl A		13,535	$	378
First Foundation Inc		6,467		84
First Internet Bancorp		6,541		96
First Northwest Bancorp		3,953		39
Flagstar Bancorp Inc		15,631		463
Focus Financial Partners Inc, Cl A *		13,481		442
Foley Trasimene Acquisition Corp *		76,500		864
Goosehead Insurance Inc, Cl A *		10,675		924
Hannon Armstrong Sustainable Infrastructure Capital Inc ^‡		27,039		1,143
HBT Financial Inc		8,376		94
Hilltop Holdings Inc		15,692		323
HomeStreet Inc		23,575		607
Independent Bank Corp/MI		3,787		48
Insurance Acquisition Corp, Cl A *(A)		37,067		438
Kemper Corp, Cl A		1,288		86
Kinsale Capital Group Inc		4,109		781
Macatawa Bank Corp		13,699		89
Mercantile Bank Corp		7,620		137
Meta Financial Group Inc		23,748		456
Metropolitan Bank Holding Corp *		1,564		44
MGIC Investment Corp		26,877		238
Mr Cooper Group Inc *		84,449		1,885
MVB Financial Corp		6,326		101
Norwood Financial Corp		4,016		98
Pacific Premier Bancorp Inc		4,554		92
Palomar Holdings Inc, Cl A *		8,672		904
PennantPark Investment Corp		113,718		363
PennyMac Financial Services Inc		28,785		1,673
PJT Partners Inc		644		39
Preferred Bank/Los Angeles CA		3,060		98
Primerica Inc		584		66
Prosperity Bancshares Inc		2,920		151
QCR Holdings Inc		3,328		91
Radian Group Inc		8,359		122
ServisFirst Bancshares Inc		2,691		92
Simmons First National Corp, Cl A		31,217		495
Social Capital Hedosophia Holdings Corp II, Cl A *(A)		43,980		835
Stewart Information Services Corp		14,350		628
Stifel Financial Corp		10,500		531
Tiptree Inc		9,476		47
Towne Bank/Portsmouth VA		21,425		351
TriState Capital Holdings Inc *		5,946		79
Trupanion Inc *		12,758		1,007
Valley National Bancorp		62,720		430
Value Creation *(B)(C)(D)		145,600		57
Virtus Investment Partners Inc		1,389		193
Waddell & Reed Financial Inc, Cl A		36,538		543
Walker & Dunlop Inc		8,181		434
West BanCorp Inc		5,737		91
Westamerica BanCorp		5,724		311

SEI Institutional Managed Trust / Annual Report / September 30, 2020

SCHEDULE OF INVESTMENTS

September 30, 2020

Small Cap Growth Fund (Continued)


Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
WisdomTree Investments Inc		241,012	$	771


				26,846


Health Care — 29.8%
ACADIA Pharmaceuticals Inc *		7,295		301
Accelerate Diagnostics Inc *(A)		25,262		269
Addus HomeCare Corp *		6,485		613
Akcea Therapeutics Inc *		5,000		91
Akero Therapeutics Inc *		16,895		520
Albireo Pharma Inc *		31,580		1,054
Alector Inc *		6,994		74
Amedisys Inc *		1,806		427
AMN Healthcare Services Inc *		16,107		942
Amphastar Pharmaceuticals Inc *		17,588		330
Antares Pharma Inc *		38,314		103
Arena Pharmaceuticals Inc *		9,879		739
Argenx SE ADR *		4,245		1,114
Arrowhead Pharmaceuticals Inc *		3,950		170
Arvinas Inc *		8,328		197
Avid Bioservices Inc *		9,816		75
Avidity Biosciences Inc *		11,281		318
Axogen Inc *		61,468		715
Axonics Modulation Technologies Inc *		13,083		668
BioDelivery Sciences International Inc *		17,517		65
Biohaven Pharmaceutical Holding Co Ltd *		9,627		626
BioSpecifics Technologies Corp *		6,118		323
BioTelemetry Inc *		49,113		2,238
Blueprint Medicines Corp *		11,350		1,052
Cardiff Oncology Inc *(A)		56,691		804
Cardiovascular Systems Inc *		27,664		1,089
CareDx Inc *		35,561		1,349
Castle Biosciences Inc *		31,149		1,603
Catalyst Pharmaceuticals Inc *		38,730		115
CEL-SCI Corp *		2,179		28
Cerus Corp *		76,407		478
Charles River Laboratories International Inc *		5,031		1,139
ChemoCentryx Inc *		19,255		1,055
Coherus Biosciences Inc *		39,296		721
Collegium Pharmaceutical Inc *		29,609		616
Corcept Therapeutics Inc *		12,846		224
Covetrus Inc *		25,458		621
CryoLife Inc *		23,979		443
CryoPort Inc *		19,250		912
CytomX Therapeutics Inc *		51,969		346
DBV Technologies SA ADR *		56,113		97
Deciphera Pharmaceuticals Inc *		12,927		663
Denali Therapeutics Inc *		21,783		781
Dicerna Pharmaceuticals Inc *		1,761		32
Dynavax Technologies Corp *		10,000		43
Dyne Therapeutics Inc *		8,595		174
Emergent BioSolutions *		16,402		1,695
Ensign Group Inc/The		13,306		759


Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Evolent Health Inc, Cl A *		40,240	$	499
Fate Therapeutics Inc *		21,797		871
Fulgent Genetics Inc *		1,552		62
G1 Therapeutics Inc *		32,946		381
Global Blood Therapeutics Inc *		7,779		429
Halozyme Therapeutics Inc *		70,929		1,864
HealthEquity Inc *		22,977		1,180
Heron Therapeutics Inc *		47,686		707
Hookipa Pharma Inc *		7,000		66
Horizon Therapeutics PLC *		12,899		1,002
ImmunoGen Inc *		21,740		78
Immunomedics Inc *		33,261		2,828
Immunovant Inc *		20,504		722
Inari Medical Inc *		7,906		546
Inhibrx Inc *(A)		42,184		759
Innoviva Inc *		34,770		363
Inovio Pharmaceuticals Inc *(A)		2,904		34
Insmed Inc *		1,081		35
Inspire Medical Systems Inc *		6,652		858
Integer Holdings Corp *		1,046		62
Intersect ENT Inc *		25,855		422
Intra-Cellular Therapies Inc, Cl A *		16,989		436
Invacare Corp *		6,008		45
Invitae Corp *		27,502		1,192
iRadimed Corp *		1,989		43
iRhythm Technologies Inc *		5,228		1,245
Ironwood Pharmaceuticals Inc, Cl A *		104,757		942
Joint Corp/The *		5,441		95
Kadmon Holdings Inc *		19,121		75
Karyopharm Therapeutics Inc *		9,953		145
Kiniksa Pharmaceuticals Ltd, Cl A *		24,160		370
Kodiak Sciences Inc *		13,511		800
Kura Oncology Inc *		31,015		950
Lannett Co Inc *		5,788		35
Lexicon Pharmaceuticals Inc *		24,169		35
Ligand Pharmaceuticals Inc *(A)		6,157		587
Liquidia Technologies Inc *		101,568		500
Livongo Health Inc *		5,866		822
Luminex Corp		20,097		528
Lyra Therapeutics Inc *		8,285		93
MannKind Corp *		59,977		113
MEDNAX Inc *		82,619		1,345
Medpace Holdings Inc *		10,813		1,208
Merit Medical Systems Inc *		42,848		1,864
Metacrine Inc *(A)		40,190		408
Mirati Therapeutics Inc *		6,392		1,061
Molecular Templates Inc *		4,323		47
Momenta Pharmaceuticals Inc *		2,444		128
MyoKardia Inc *		8,445		1,151
NanoString Technologies Inc *		19,444		869
Natera Inc *		17,841		1,289
Nevro Corp *		3,547		494

SEI Institutional Managed Trust / Annual Report / September 30, 2020

SCHEDULE OF INVESTMENTS

September 30, 2020

Small Cap Growth Fund (Continued)


Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
NextCure Inc *		12,600	$	111
Novavax Inc *		847		92
Omnicell Inc *		15,472		1,155
Ontrak Inc *(A)		17,372		1,042
Option Care Health Inc *		45,600		610
ORIC Pharmaceuticals Inc *(A)		21,904		548
Owens & Minor Inc		43,958		1,104
Pacira BioSciences Inc *		27,166		1,633
Pennant Group Inc/The *		11,176		431
Pieris Pharmaceuticals Inc *		18,819		39
PMV Pharmaceuticals Inc *(C)		10,763		382
Precision BioSciences Inc *		42,880		264
Prestige Consumer Healthcare Inc, Cl A *		12,120		441
Puma Biotechnology Inc *		13,322		134
Quidel Corp *		10,221		2,242
R1 RCM Inc *		46,184		792
Relay Therapeutics Inc *(A)		14,461		616
Renalytix AI PLC ADR *		8,561		104
Repligen Corp *		11,435		1,687
Retrophin Inc *		32,251		595
Revance Therapeutics Inc *		51,274		1,289
Rigel Pharmaceuticals Inc *		69,711		167
Sangamo Therapeutics Inc *		46,807		442
Select Medical Holdings Corp *		26,283		547
Seres Therapeutics Inc *		26,952		763
Shockwave Medical Inc *		12,067		915
Silk Road Medical Inc *		25,645		1,724
Simulations Plus Inc		1,678		126
SpringWorks Therapeutics Inc *		16,826		802
Surgery Partners Inc *		4,926		108
Syneos Health Inc, Cl A *		30,987		1,647
Syros Pharmaceuticals Inc *		5,000		44
Tandem Diabetes Care Inc *		6,203		704
Taysha Gene Therapies Inc *(C)		13,700		307
TCR2 Therapeutics Inc *		54,866		1,115
Tenet Healthcare Corp *		30,782		755
TG Therapeutics Inc *		29,354		786
Triple-S Management Corp, Cl B *		2,218		40
Turning Point Therapeutics Inc *		11,845		1,035
Twist Bioscience Corp *		12,779		971
Ultragenyx Pharmaceutical Inc *		17,638		1,450
Vanda Pharmaceuticals Inc *		28,916		279
Veracyte Inc *		67,933		2,207
Viela Bio Inc *		10,498		295
Viking Therapeutics Inc *		113,071		658
Vocera Communications Inc *		37,727		1,097
Xencor Inc *		11,568		449
Xeris Pharmaceuticals Inc *(A)		86,748		514
Zynex Inc *		3,001		52


				96,804


Industrials — 17.8%
ABM Industries Inc		52,218		1,914


Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Advanced Drainage Systems Inc		16,514	$	1,031
Aerojet Rocketdyne Holdings Inc *		4,974		198
Air Transport Services Group Inc *		23,684		594
Altra Industrial Motion Corp		15,562		575
Ameresco Inc, Cl A *		20,384		681
American Woodmark Corp *		5,653		444
ArcBest Corp		21,723		675
Arcosa Inc		8,044		355
ASGN Inc *		10,916		694
Astec Industries Inc		10,788		585
Atkore International Group Inc *		9,284		211
Atlas Air Worldwide Holdings Inc *		22,605		1,377
Avis Budget Group Inc *		1,195		31
AZEK Co Inc/The, Cl A *		16,424		572
Beacon Roofing Supply Inc *		17,786		553
Bloom Energy Corp, Cl A *(A)		30,134		541
BMC Stock Holdings Inc *		13,389		573
Brady Corp, Cl A		8,409		337
Builders FirstSource Inc *		53,762		1,754
Cimpress PLC *		11,998		902
Clean Harbors Inc *		30,842		1,728
Cornerstone Building Brands Inc *		11,765		94
Costamare Inc		23,094		140
CSW Industrials Inc		2,250		174
DXP Enterprises Inc/TX *		5,198		84
Dycom Industries Inc *(A)		14,689		776
EMCOR Group Inc		687		47
Evoqua Water Technologies Corp *		4,981		106
Federal Signal Corp		3,386		99
Forrester Research Inc *		31,641		1,037
Forward Air Corp		17,035		977
Foundation Building Materials Inc *		33,538		527
Franklin Electric Co Inc		1,662		98
FTI Consulting Inc *		286		30
Generac Holdings Inc *		3,549		687
Gibraltar Industries Inc *		11,299		736
GMS Inc *		8,691		209
Graham Corp, Cl A		33,881		433
Great Lakes Dredge & Dock Corp *		11,382		108
Griffon Corp		26,599		520
Heartland Express Inc		22,941		427
Heritage-Crystal Clean Inc *		131,798		1,759
Hub Group Inc, Cl A *		1,858		93
Hudson Technologies Inc *		255,468		294
JELD-WEN Holding Inc *		22,054		498
John Bean Technologies Corp, Cl A		18,213		1,674
Kennametal Inc		13,639		395
Kimball International Inc, Cl B		3,900		41
Kirby Corp *		30,847		1,116
Kratos Defense & Security Solutions Inc *		6,869		132
Lawson Products Inc/DE *		1,248		51
Masonite International Corp *		6,956		684

SEI Institutional Managed Trust / Annual Report / September 30, 2020

SCHEDULE OF INVESTMENTS

September 30, 2020

Small Cap Growth Fund (Continued)



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Matson Inc		45,498	$	1,824
Maxar Technologies Inc		33,663		840
Middleby Corp/The *		15,229		1,366
Montrose Environmental Group Inc *		29,566		704
Patrick Industries Inc		10,416		599
Plug Power Inc *		89,759		1,204
Powell Industries Inc		3,642		88
Primoris Services Corp		27,418		495
Quad/Graphics Inc *		10,300		31
Quanta Services Inc		18,858		997
Ritchie Bros Auctioneers Inc		47,496		2,814
Saia Inc *		4,809		607
Shyft Group Inc/The		9,759		184
Simpson Manufacturing Co Inc		7,066		687
SiteOne Landscape Supply Inc *		5,402		659
SP Plus Corp *		34,492		619
SPX Corp *		16,588		769
Steelcase Inc, Cl A		12,361		125
Sunrun Inc *(A)		18,657		1,438
Systemax Inc		4,355		104
Tennant Co		24,885		1,502
Trex Co Inc *		13,772		986
TriNet Group Inc *		62,519		3,709
Triton International Ltd/Bermuda		13,543		551
TrueBlue Inc *		79,974		1,239
UFP Industries Inc		25,745		1,455
Veritiv Corp *		6,548		83
Vicor Corp *		8,950		696
Werner Enterprises Inc		10,913		458
WESCO International Inc *		12,615		555


				57,759


Information Technology — 14.7%
2U Inc *		53,562		1,814
8x8 Inc *		35,766		556
Acacia Communications Inc *		568		38
Actua Corp *(B)		105,055		5
Advanced Energy Industries Inc *		6,850		431
Agilysys Inc *		6,248		151
American Software Inc/GA, Cl A		18,586		261
Amkor Technology Inc *		42,731		479
Appfolio Inc, Cl A *		735		104
Asure Software Inc *(A)		64,719		489
Avid Technology Inc *		12,407		106
Benefitfocus Inc *		133,134		1,491
BigCommerce Holdings Inc *(A)		5,580		465
Bill.com Holdings Inc *		6,143		616
Box Inc, Cl A *		33,438		581
Brooks Automation Inc		13,603		629
CACI International Inc, Cl A *		835		178
Calix Inc *		63,805		1,135
Cardtronics PLC *		3,598		71
Cerence Inc *		25,564		1,249



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
ChannelAdvisor Corp *		43,462	$	629
Cirrus Logic Inc *		3,242		219
Cloudera Inc *		59,118		644
Cloudflare Inc, Cl A *		14,353		589
CTS Corp		46,264		1,019
Diebold Nixdorf Inc *		3,843		29
Digital Turbine Inc *		60,547		1,982
Diodes Inc *		5,672		320
Domo Inc, Cl B *		1,185		46
Echo Global Logistics Inc *		56,205		1,448
Enphase Energy Inc *		2,269		188
Entegris Inc		9,394		698
Everbridge Inc *		2,762		347
EVERTEC Inc		7,766		270
Fastly Inc, Cl A *		6,654		623
Five9 Inc *		6,375		827
FormFactor Inc *		22,410		559
Ichor Holdings Ltd *		2,794		60
Immersion Corp *		56,566		399
InnerWorkings Inc *		588,033		1,758
Inseego Corp *(A)		1,632		17
International Money Express Inc *		8,300		119
Itron Inc *		1,768		107
J2 Global Inc *		7,880		546
Lattice Semiconductor Corp *		12,230		354
Limelight Networks Inc *		7,054		41
LivePerson Inc *		16,721		869
Lumentum Holdings Inc *		5,387		405
MACOM Technology Solutions Holdings Inc *		4,137		141
Manhattan Associates Inc *		7,982		762
Mimecast Ltd *		14,963		702
Model N Inc *		35,916		1,267
MTS Systems Corp, Cl A *		20,722		396
Napco Security Technologies Inc *		2,689		63
NeoPhotonics Corp *		6,769		41
Nuance Communications Inc *		23,663		785
OneSpan Inc *		3,203		67
PC Connection Inc		2,220		91
Pegasystems Inc		5,262		637
Perficient Inc *		21,606		924
Ping Identity Holding Corp *		17,471		545
Pluralsight Inc, Cl A *		79,391		1,360
Power Integrations Inc		5,305		294
QAD Inc, Cl A		14,360		606
Rosetta Stone Inc *		5,410		162
Sailpoint Technologies Holdings Inc *		26,315		1,041
Sanmina Corp *		18,000		487
SiTime Corp *		11,984		1,007
SPS Commerce Inc *		16,013		1,247
SunPower Corp, Cl A *		42,104		527
SVMK Inc *		30,061		665
Sykes Enterprises Inc *		15,374		526

SEI Institutional Managed Trust / Annual Report / September 30, 2020

SCHEDULE OF INVESTMENTS

September 30, 2020

Small Cap Growth Fund (Continued)



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Telenav Inc *		20,921	$	75
Tenable Holdings Inc *		38,671		1,460
TTEC Holdings Inc		10,493		572
Ultra Clean Holdings Inc *		31,268		671
Unisys Corp *		8,230		88
Upland Software Inc *		10,031		378
Varonis Systems Inc *		9,034		1,043
Viavi Solutions Inc *		15,629		183
Vishay Intertechnology Inc		33,940		529
Workiva Inc, Cl A *		18,645		1,040
Zscaler Inc *		6,414		902
Zuora Inc, Cl A *(A)		50,080		518


				47,763


Materials — 2.4%
Boise Cascade Co		16,431		656
Clearwater Paper Corp *		20,628		783
Commercial Metals Co, Cl A		56,726		1,133
Forterra Inc *		46,891		554
Greif Inc, Cl A		2,714		98
Innospec Inc		1,339		85
Koppers Holdings Inc *		24,729		517
Louisiana-Pacific Corp		985		29
Ranpak Holdings Corp, Cl A *		207,115		1,972
Scotts Miracle-Gro Co/The, Cl A		4,609		705
Stepan Co		6,005		655
US Concrete Inc *		20,939		608


				7,795


Real Estate — 2.9%
Community Healthcare Trust Inc ^‡		11,212		524
Easterly Government Properties Inc ^‡		8,357		187
EastGroup Properties Inc ^‡		4,626		598
eXp World Holdings Inc *^‡		17,615		711
First Industrial Realty Trust Inc ^‡		1,115		44
Franklin Street Properties Corp ^‡		22,319		82
GEO Group ^‡		16,771		190
Gladstone Commercial Corp ^‡		26,464		446
Global Medical REIT Inc ^‡		47,008		635
Griffin Industrial Realty Inc ^‡		1,826		98
Healthcare Realty Trust Inc ^‡		13,619		410
Innovative Industrial Properties Inc, Cl A ^‡		5,891		731
Investors Real Estate Trust ^‡		1,411		92
Jernigan Capital Inc *^‡		37,305		639
Lexington Realty Trust, Cl B ^‡		38,167		399
New Senior Investment Group Inc ^‡		14,998		60
Newmark Group Inc, Cl A ^‡		14,750		64
PotlatchDeltic Corp ^‡		10,016		422
RE/MAX Holdings Inc, Cl A ^‡		14,528		475
Redfin Corp *^‡		38,191		1,907
Rexford Industrial Realty Inc ^‡		10,758		492
RMR Group Inc/The, Cl A ^‡		3,352		92
Sabra Health Care Inc ^‡		6,743		93



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Safehold Inc ^‡		1,669	$	104
STAG Industrial Inc ^‡		2,190		67


				9,562


Utilities — 0.9%
American States Water Co		5,708		428
Atlantic Power Corp *		20,612		41
Chesapeake Utilities Corp		5,815		490
Middlesex Water Co		6,401		398
Otter Tail Corp		13,400		485
South Jersey Industries Inc, Cl A		18,898		364
Sunnova Energy International Inc *		27,964		850


				3,056

Total Common Stock (Cost $275,302) ($ Thousands)				319,393


AFFILIATED PARTNERSHIP — 4.4%
SEI Liquidity Fund, L.P. 0.100% **†(E)		14,252,057		14,256


Total Affiliated Partnership
(Cost $14,253) ($ Thousands)				14,256


CASH EQUIVALENT — 1.7%
SEI Daily Income Trust, Government Fund, Cl F 0.010%**†		5,613,316		5,613

Total Cash Equivalent
(Cost $5,613) ($ Thousands)				5,613


Total Investments in Securities — 104.4% (Cost $295,168) ($ Thousands)			$	339,262

Percentages are based on a Net Assets of $324,819 ($ Thousands).

*	Non-income producing security.

**	The rate reported is the 7-day effective yield as of September 30, 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 September 30, 2020 (see Note 10). The total market value of securities on loan at September 30, 2020, was $13,861 ($ Thousands).

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

(C)	Securities considered illiquid. The total value of such securities as of September 30, 2020 was $746 ($ Thousands) and represented 0.2% of Net Assets.

(D)	Securities considered restricted. The total market value of such securities as of September 30, 2020 was $57 ($ Thousands) and represented 0.0% of Net Assets.

(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 September 30, 2020 was $14,256 ($ Thousands).

SEI Institutional Managed Trust / Annual Report / September 30, 2020

SCHEDULE OF INVESTMENTS

September 30, 2020

Small Cap Growth Fund (Continued)

ADR — American Depositary Receipt

CBT — Chicago Board of Trade

Cl — Class

L.P. — Limited Partnership

Ltd. — Limited

PIK — Payment-in-Kind

PLC — Public Limited Company

REIT — Real Estate investment Trust

SPX — Standard & Poor’s 500 Index

The following is a list of the level of inputs used as of September 30, 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		319,331		–		62		319,393
Affiliated Partnership		–		14,256		–		14,256
Cash Equivalent		5,613		–		–		5,613

Total Investments in Securities		324,944		14,256		62		339,262

(1) A reconciliation of Level 3 investments is presented when the Fund has a significant amount of Level 3 investments at the beginning and/or end of the period in relation to net assets. Management has concluded that Level 3 investments are not material in relation to net assets.

For the year ended September 30, 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 / Annual Report / September 30, 2020

SCHEDULE OF INVESTMENTS

September 30, 2020

Small Cap Growth Fund (Continued)

The following is a summary of the Fund’s transactions with affiliates for the year ended September 30, 2020 ($ Thousands):


Security Description	Value 9/30/2019		Purchases at Cost		Proceeds from Sales			Realized Gain/ (Loss)		Change in Unrealized Appreciation/ (Depreciation)		Value 9/30/2020		Shares		Income		Capital Gains
SEI Liquidity Fund, L.P.	$	23,698	$	97,919	$	(107,365	)	$	1	$	3	$	14,256		14,252,057	$	302	$	—
SEI Daily Income Trust, Government Fund, Cl F		11,046		66,157		(71,590	)		—		—		5,613		5,613,316		50		—

Totals	$	34,744	$	164,076	$	(178,955	)	$	1	$	3	$	19,869			$	352	$	—

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 / Annual Report / September 30, 2020

SCHEDULE OF INVESTMENTS

September 30, 2020

Tax-Managed Small/Mid Cap Fund


Description	Shares		Market Value ($ Thousands)

COMMON STOCK — 97.5%

Communication Services — 2.9%
Anterix Inc *		5,808	$	190
ATN International Inc		4,560		228
Bandwidth Inc, Cl A *		3,854		673
Boingo Wireless Inc *		45,000		459
Cable One Inc		1,150		2,168
Cinemark Holdings Inc *(A)		145,101		1,451
Cogent Communications Holdings Inc		12,431		746
Consolidated Communications Holdings Inc *		168,543		959
Electronic Arts Inc *		6,830		891
Glu Mobile Inc *		58,200		447
IAC/InterActiveCorp *		3,610		432
Interpublic Group of Cos Inc/The		24,754		413
Iridium Communications Inc *		50,000		1,279
Match Group Inc *		7,791		862
Nexstar Media Group Inc, Cl A		68,960		6,202
Ooma Inc *		73,000		953
Shenandoah Telecommunications Co		14,200		631
Take-Two Interactive Software Inc, Cl A *		5,083		840
TechTarget Inc *		534		23
World Wrestling Entertainment Inc, Cl A		45,211		1,830


				21,677


Consumer Discretionary — 12.3%
1-800-Flowers.com Inc, Cl A *		42,193		1,052
Adtalem Global Education Inc *		11,367		279
Advance Auto Parts Inc		10,274		1,577
American Eagle Outfitters Inc (A)		336,786		4,988
America’s Car-Mart Inc/TX *		5,643		479
Asbury Automotive Group Inc *		8,288		808
Aspen Group Inc/CO *		91,000		1,017
AutoNation Inc *		1,730		92
Big Lots Inc		14,355		640
Bloomin’ Brands Inc		316,415		4,832
Bright Horizons Family Solutions Inc *		16,432		2,498
Brinker International Inc *		66,618		2,846
CarParts.com Inc *(A)		158,688		1,715
Carriage Services Inc		26,433		590
Cheesecake Factory Inc/The (A)		117,928		3,271
Chegg Inc *		10,625		759
Core-Mark Holding Co Inc, Cl A		14,464		418
Dave & Buster’s Entertainment Inc (A)		361,275		5,477
Deckers Outdoor Corp *		3,400		748
Dick’s Sporting Goods Inc		62,378		3,610
Domino’s Pizza Inc		2,231		949
Envela Corp *		15,000		64
Etsy Inc *		25,967		3,158
Five Below Inc *		4,486		570
Grand Canyon Education Inc *		8,383		670
Green Brick Partners Inc *		53,506		862
Group 1 Automotive Inc *		4,472		395


Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Haverty Furniture Cos Inc		25,532	$	535
Helen of Troy Ltd *		6,787		1,313
Hibbett Sports Inc *		17,681		694
Installed Building Products Inc *		4,861		495
K12 Inc *		13,423		354
KB Home		35,000		1,344
LCI Industries		24,809		2,637
Lincoln Educational Services Corp *		54,357		300
Lithia Motors Inc, Cl A		28,769		6,558
LKQ Corp *		42,488		1,178
M/I Homes Inc *		17,182		791
MDC Holdings Inc		3,062		144
Modine Manufacturing Co *		646,928		4,043
Murphy USA Inc *		5,255		674
Norwegian Cruise Line Holdings Ltd *(A)		46,559		797
Ollie’s Bargain Outlet Holdings Inc *		3,893		340
Pool Corp		23,829		7,972
PulteGroup Inc		44,000		2,037
Rent-A-Center Inc/TX		16,566		495
Skechers USA Inc, Cl A *		37,863		1,144
Stamps.com Inc *		5,864		1,413
Strategic Education Inc		14,016		1,282
Sturm Ruger & Co Inc		9,193		562
Taylor Morrison Home Corp, Cl A *		60,000		1,475
TRI Pointe Group Inc *		60,647		1,100
Ulta Beauty Inc *		2,059		461
Universal Technical Institute Inc *		14,319		73
Urban Outfitters Inc *		132,136		2,750
Vail Resorts Inc *		9,517		2,036
Whirlpool Corp		4,700		864
Williams-Sonoma Inc		7,799		705
Wingstop Inc, Cl A		1		—
WW International Inc *		6,988		132
Zovio Inc, Cl A *		183,617		735


				91,797


Consumer Staples — 4.4%
BJ’s Wholesale Club Holdings Inc *		25,738		1,069
Boston Beer Co Inc/The, Cl A *		2,028		1,791
Bunge Ltd		10,000		457
Cal-Maine Foods Inc *		21,153		812
Casey’s General Stores Inc		1,237		220
Central Garden & Pet Co, Cl A *		15,496		560
Coca-Cola Consolidated Inc		2,500		602
Darling Ingredients Inc *		40,500		1,459
Flowers Foods Inc		43,486		1,058
Fresh Del Monte Produce Inc		8,016		184
Freshpet Inc *		8,866		990
Grocery Outlet Holding Corp *		8,214		323
Hostess Brands Inc, Cl A *		468,657		5,778
Ingles Markets Inc, Cl A		6,621		252
Ingredion Inc		9,898		749
J & J Snack Foods Corp		7,030		917


SEI Institutional Managed Trust / Annual Report / September 30, 2020			1

SCHEDULE OF INVESTMENTS

September 30, 2020

Tax-Managed Small/Mid Cap Fund (Continued)


Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
John B Sanfilippo & Son Inc		5,357	$	404
Kroger Co/The		15,939		540
Lamb Weston Holdings Inc		21,677		1,437
Lancaster Colony Corp		5,300		948
Landec Corp *		14,939		145
Medifast Inc		26,681		4,388
National Beverage Corp, Cl A *(A)		4,781		325
Pilgrim’s Pride Corp *		75,983		1,137
Post Holdings Inc *		7,519		647
PriceSmart Inc		12,923		859
Primo Water Corp		71,000		1,008
Seneca Foods Corp, Cl A *		315		11
Sprouts Farmers Market Inc *		25,791		540
Tootsie Roll Industries Inc (A)		26,772		827
Universal Corp/VA		9,000		377
US Foods Holding Corp *		31,761		706
USANA Health Sciences Inc *		4,731		348
Village Super Market Inc, Cl A		500		12
WD-40 Co		2,556		484
Weis Markets Inc		13,063		627


				32,991


Energy — 0.9%
Cabot Oil & Gas Corp		80,892		1,404
Cimarex Energy Co		78,470		1,909
Delek US Holdings Inc		28,530		318
Marathon Petroleum Corp		23,446		688
Parsley Energy Inc, Cl A		117,278		1,098
Pioneer Natural Resources Co		2,474		213
Rattler Midstream LP (A)(B)		195,007		1,160


				6,790


Financials — 13.4%
1st Source Corp		8,235		254
Alleghany Corp *		1,001		521
Allstate Corp/The		7,797		734
Altabancorp		23,776		478
American Equity Investment Life Holding Co		221,110		4,862
American Financial Group Inc/OH		13,674		916
Ameriprise Financial Inc		4,701		724
AMERISAFE Inc		11,659		669
Arch Capital Group Ltd *		10,008		293
Argo Group International Holdings Ltd		53,868		1,855
Arrow Financial Corp		416		10
Artisan Partners Asset Management Inc, Cl A		53,084		2,070
Assurant Inc		5,558		674
Axos Financial Inc *		48,113		1,121
Bank of Marin Bancorp		10,864		315
Bank OZK		77,170		1,645
BankUnited Inc		136,001		2,980
BGC Partners Inc, Cl A		879,812		2,112
Camden National Corp		8,550		258
Canadian Imperial Bank of Commerce		3,321		248


Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Capital City Bank Group Inc		6,787	$	127
CNO Financial Group Inc		314,437		5,044
Cohen & Steers Inc		175		10
Columbia Banking System Inc		172,262		4,108
Community Trust Bancorp Inc		10,823		306
Diamond Hill Investment Group Inc *		2,001		253
Dynex Capital Inc ^‡		55,778		848
E*TRADE Financial Corp		11,727		587
Eagle Bancorp Inc		29,167		781
Employers Holdings Inc		17,888		541
Everest Re Group Ltd		6,060		1,197
Farmers National Banc Corp		24,544		268
Financial Institutions Inc		64,144		988
First American Financial Corp		23,494		1,196
First Busey Corp		21,326		339
First Citizens BancShares Inc/NC, Cl A		1,150		367
First Commonwealth Financial Corp		271,033		2,098
First Community Bankshares Inc		38,653		698
First Financial Corp/IN		15,165		476
First Horizon National Corp		341,000		3,216
First Merchants Corp		47,572		1,102
Flagstar Bancorp Inc		32,500		963
FNB Corp/PA		171,101		1,160
Great Southern Bancorp Inc		6,989		253
Great Western Bancorp Inc		113,802		1,417
Hanover Insurance Group Inc/The, Cl A		25,705		2,395
Hilltop Holdings Inc		30,507		628
HomeStreet Inc		10,400		268
HomeTrust Bancshares Inc		8,333		113
Horace Mann Educators Corp, Cl A		21,962		733
Independent Bank Corp/MI		13,095		165
KKR Real Estate Finance Trust Inc ^‡		23,728		392
Lincoln National Corp		98,000		3,070
MarketAxess Holdings Inc		350		169
Mercantile Bank Corp		7,000		126
Merchants Bancorp/IN		40,825		805
MidWestOne Financial Group Inc		47,669		852
Morningstar Inc, Cl A		1,600		257
National General Holdings Corp		69,379		2,341
Northwest Bancshares Inc		30,815		283
OceanFirst Financial Corp		36,025		493
OFG Bancorp		133,441		1,663
Pacific Premier Bancorp Inc		84,780		1,707
PacWest Bancorp		267,309		4,566
Park National Corp (A)		14,724		1,207
PCSB Financial Corp		16,268		196
PennyMac Financial Services Inc		34,420		2,000
Peoples Bancorp Inc/OH		29,343		560
PJT Partners Inc		14,364		871
Popular Inc		47,861		1,736
PRA Group Inc *		22,539		900
Premier Financial Corp		3,200		50

SEI Institutional Managed Trust / Annual Report / September 30, 2020

SCHEDULE OF INVESTMENTS

September 30, 2020

Tax-Managed Small/Mid Cap Fund (Continued)


Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Reinsurance Group of America Inc, Cl A		11,647	$	1,109
RenaissanceRe Holdings Ltd		8,320		1,412
Republic Bancorp Inc/KY, Cl A		4,151		117
Safety Insurance Group Inc		8,465		585
Selective Insurance Group Inc		19,688		1,014
ServisFirst Bancshares Inc		26,000		885
Sierra Bancorp		25,937		435
Starwood Property Trust Inc ‡		199,857		3,016
Stewart Information Services Corp		17,692		774
Stifel Financial Corp		16,750		847
SVB Financial Group, Cl B *		3,773		908
TCF Financial Corp		69,500		1,623
Towne Bank/Portsmouth VA		11,615		190
TPG RE Finance Trust Inc ‡		58,414		494
TriCo Bancshares		11,381		279
TrustCo Bank Corp NY		51,485		269
UMH Properties ‡		42,338		573
Umpqua Holdings Corp		281,045		2,985
United Fire Group Inc		8,302		169
Univest Financial Corp		62,349		896
Walker & Dunlop Inc		12,464		661
Washington Trust Bancorp Inc		15,221		467
Waterstone Financial Inc		88,704		1,374


				100,710


Health Care — 15.7%
ABIOMED Inc *		967		268
ACADIA Pharmaceuticals Inc *		36,393		1,501
Acceleron Pharma Inc *		627		71
Aerie Pharmaceuticals Inc *(A)		30,332		357
Aimmune Therapeutics Inc *		67,356		2,320
Albireo Pharma Inc *		11,176		373
Amedisys Inc *		1,346		318
AmerisourceBergen Corp, Cl A		4,713		457
AMN Healthcare Services Inc *		37,327		2,182
ANI Pharmaceuticals Inc *		11,399		322
Assembly Biosciences Inc *		59,459		978
AtriCure Inc *		14,000		559
Atrion Corp		436		273
BioDelivery Sciences International Inc *		81,309		303
BioMarin Pharmaceutical Inc *		10,509		800
Bio-Rad Laboratories Inc, Cl A *		2,351		1,212
BioSpecifics Technologies Corp *		5,565		294
Bio-Techne Corp		3,600		892
Catalent Inc *		16,500		1,413
Cellular Biomedicine Group Inc *		28,255		518
Change Healthcare Inc *		304,242		4,415
Charles River Laboratories International Inc *		7,525		1,704
Chemed Corp		5,900		2,834
ChromaDex Corp *		13,274		53
Collegium Pharmaceutical Inc *		55,451		1,154
Computer Programs and Systems Inc		21,134		584


Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Concert Pharmaceuticals Inc *		45,603	$	448
CONMED Corp		5,936		467
CryoLife Inc *		680		13
Cymabay Therapeutics Inc *		228,165		1,652
CytomX Therapeutics Inc *		161,866		1,076
Dicerna Pharmaceuticals Inc *		41,799		752
Durect Corp *		347,968		595
Eagle Pharmaceuticals Inc/DE *		5,937		252
Eidos Therapeutics Inc *		1,423		72
Emergent BioSolutions Inc *		49,468		5,112
Encompass Health Corp		19,928		1,295
Ensign Group Inc/The		22,232		1,269
Five Prime Therapeutics Inc *		108,166		508
Fulgent Genetics Inc *		16,418		657
GenMark Diagnostics Inc *		69,190		983
Global Blood Therapeutics Inc *		9,424		520
Globus Medical Inc, Cl A *		14,804		733
GW Pharmaceuticals PLC ADR *		3,127		304
Haemonetics Corp *		17,103		1,492
HealthStream Inc *		22,045		442
Heska Corp *		167		17
Hill-Rom Holdings Inc		3,608		301
ICON PLC *		7,886		1,507
ICU Medical Inc *		5,669		1,036
IDEXX Laboratories Inc *		458		180
Immunomedics Inc *		48,245		4,102
Incyte Corp *		3,300		296
Inovalon Holdings Inc, Cl A *		71,259		1,885
Insmed Inc *		31,452		1,011
Integer Holdings Corp *		4,829		285
Integra LifeSciences Holdings Corp *		45,000		2,125
Iovance Biotherapeutics Inc *		36,297		1,195
Jazz Pharmaceuticals PLC *		15,979		2,278
Kiniksa Pharmaceuticals Ltd, Cl A *		3,763		58
Krystal Biotech Inc *		3,054		131
LeMaitre Vascular Inc		467		15
LHC Group Inc *		6,905		1,468
Ligand Pharmaceuticals Inc *(A)		82,212		7,836
Luminex Corp		21,320		560
Magellan Health Inc *		15,629		1,184
Masimo Corp *		11,491		2,713
Meridian Bioscience Inc *		25,610		435
Mettler-Toledo International Inc *		411		397
Momenta Pharmaceuticals Inc *		10,143		532
National HealthCare Corp		11,295		704
National Research Corp, Cl A *		5,713		281
Natus Medical Inc *		9,373		161
Nektar Therapeutics, Cl A *		30,613		508
Neogen Corp, Cl B *		5,000		391
NeoGenomics Inc *		18,676		689
Neurocrine Biosciences Inc *		10,038		965
Nevro Corp *		2,387		333

SEI Institutional Managed Trust / Annual Report / September 30, 2020

SCHEDULE OF INVESTMENTS

September 30, 2020

Tax-Managed Small/Mid Cap Fund (Continued)


Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
NextGen Healthcare Inc *		3,857	$	49
NGM Biopharmaceuticals Inc *		5,109		81
Novocure Ltd *		11,889		1,323
NuVasive Inc *		8,040		391
Omnicell Inc *		1,763		132
Orthofix Medical Inc *		497		15
Otonomy Inc *		261,598		1,059
Pacira BioSciences Inc *		44,489		2,675
Penumbra Inc *		4,496		874
PerkinElmer Inc		12,707		1,595
Perrigo Co PLC		19,629		901
Premier Inc, Cl A		73,631		2,417
Prestige Consumer Healthcare Inc, Cl A *		54,814		1,996
Prothena Corp PLC *		23,497		235
Providence Service Corp/The *		4,264		396
Puma Biotechnology Inc *		29,727		300
Quidel Corp *		4,027		883
R1 RCM Inc *		74,014		1,269
Reata Pharmaceuticals Inc, Cl A *		4,200		409
Relmada Therapeutics Inc *(A)		3,657		138
Repligen Corp *		6,804		1,004
Retrophin Inc *		68,329		1,261
Revance Therapeutics Inc *		82,213		2,067
Rhythm Pharmaceuticals Inc *		21,218		460
Sarepta Therapeutics Inc *		1,971		277
SeaSpine Holdings Corp *		11,657		167
SIGA Technologies Inc *		2,198		15
STERIS PLC		5,000		881
Stoke Therapeutics Inc *		5,807		194
Supernus Pharmaceuticals Inc *		28,407		592
Surface Oncology Inc *		150,000		1,035
Syneos Health Inc, Cl A *		96,849		5,148
Teleflex Inc		8,291		2,822
Tenet Healthcare Corp *		6,108		150
Translate Bio Inc *		66,012		898
Twist Bioscience Corp *		871		66
Ultragenyx Pharmaceutical Inc *		12,000		986
United Therapeutics Corp *		7,055		713
WaVe Life Sciences Ltd *		31,495		267
West Pharmaceutical Services Inc		1,501		413
Y-mAbs Therapeutics Inc *		5,463		210
Zogenix Inc *		33,774		606


				117,746


Industrials — 14.3%
A O Smith Corp		4,400		232
AAON Inc		14,020		845
Advanced Disposal Services *		17,348		524
Advanced Drainage Systems Inc		16,174		1,010
AECOM *		44,000		1,841
AeroVironment Inc *		4,771		286
Armstrong World Industries Inc		11,700		805
Atlas Air Worldwide Holdings Inc *		60,908		3,709


Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
BMC Stock Holdings Inc *		30,625	$	1,312
Brady Corp, Cl A		15,000		600
Builders FirstSource Inc *		21,379		697
BWX Technologies Inc, Cl W		83,972		4,728
Casella Waste Systems Inc, Cl A *		5,000		279
Cintas Corp		3,186		1,060
Clean Harbors Inc *		7,022		393
Colfax Corp *		176,368		5,531
CoStar Group Inc *		4,446		3,773
CRA International Inc		11,678		438
CSW Industrials Inc		1,824		141
Curtiss-Wright Corp		15,306		1,427
EMCOR Group Inc		24,206		1,639
ESCO Technologies Inc		4,000		322
Evoqua Water Technologies Corp *		14,928		317
Exponent Inc		30,000		2,161
Forrester Research Inc *		9,468		310
Franklin Covey Co *		648		12
FTI Consulting Inc *		10,890		1,154
Generac Holdings Inc *		8,936		1,730
Gibraltar Industries Inc *		19,000		1,238
Griffon Corp		45,000		879
Heartland Express Inc		65,000		1,209
Heritage-Crystal Clean Inc *		11,426		153
Huntington Ingalls Industries Inc, Cl A		6,945		978
Huron Consulting Group Inc *		18,125		713
IAA Inc *		89,333		4,652
ICF International Inc, Cl A		4,655		286
IDEX Corp		4,000		730
JetBlue Airways Corp *		249,665		2,829
Kadant Inc		16,160		1,771
Kaman Corp, Cl A		57,255		2,231
KAR Auction Services Inc		291,746		4,201
Kelly Services Inc, Cl A *		4,601		78
Kforce Inc		10,057		324
L3Harris Technologies Inc		2,036		346
Landstar System Inc		8,600		1,079
Lindsay Corp		9,200		889
Macquarie Infrastructure Corp *		47,866		1,287
Marten Transport Ltd		76,500		1,249
Masonite International Corp *		37,718		3,711
Mastech Digital Inc *		25,187		454
Mercury Systems Inc *		7,000		542
Meritor Inc *		43,353		908
MSA Safety Inc		10,698		1,435
MSC Industrial Direct Co Inc, Cl A		3,679		233
MYR Group Inc *		22,025		819
National Presto Industries Inc		648		53
Old Dominion Freight Line Inc, Cl A		9,957		1,801
PGT Innovations Inc *		59,000		1,034
Powell Industries Inc		9,428		228
Primoris Services Corp		31,507		568

SEI Institutional Managed Trust / Annual Report / September 30, 2020

SCHEDULE OF INVESTMENTS

September 30, 2020

Tax-Managed Small/Mid Cap Fund (Continued)


Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
RBC Bearings Inc *		4,000	$	485
Resources Connection Inc		21,841		252
Rush Enterprises Inc, Cl A		25,948		1,311
Shyft Group Inc/The		28,592		540
Simpson Manufacturing Co Inc		11,500		1,117
SiteOne Landscape Supply Inc *		5,000		610
SPX Corp *		13,000		603
Standex International Corp		5,842		346
Teledyne Technologies Inc *		18,991		5,891
Tetra Tech Inc		27,739		2,649
Toro Co/The		2,800		235
TransDigm Group Inc *		500		238
TriMas Corp *		23,190		529
Trinity Industries Inc (A)		149,463		2,915
TrueBlue Inc *		15,095		234
UFP Industries Inc		19,396		1,096
United Rentals Inc *		5,615		980
US Ecology Inc *		8,368		273
Werner Enterprises Inc		20,000		840
WESCO International Inc *		94,612		4,165
Westinghouse Air Brake Technologies Corp		3,600		223
XPO Logistics Inc *		65,979		5,586


				107,302


Information Technology — 18.3%
A10 Networks Inc *		85,305		543
ACI Worldwide Inc *		454,753		11,883
Agilysys Inc *		13,470		325
Amdocs Ltd		9,149		525
American Software Inc/GA, Cl A		30,440		427
Amkor Technology Inc *		75,502		846
ANSYS Inc *		2,600		851
Arista Networks Inc *		2,488		515
Aspen Technology Inc *		25,803		3,266
Box Inc, Cl A *		21,577		375
Broadridge Financial Solutions Inc		1,700		224
Cadence Design Systems Inc *		12,100		1,290
Calix Inc *		48,212		857
Cass Information Systems Inc		9,000		362
ChannelAdvisor Corp *		51,607		747
Coherent Inc *		1,420		158
CommVault Systems Inc *		8,000		326
Cornerstone OnDemand Inc *		28,250		1,027
CSG Systems International Inc		23,891		978
CyberOptics Corp *		10,576		337
Diodes Inc *		15,000		847
Dolby Laboratories Inc, Cl A		12,000		795
EchoStar Corp, Cl A *		9,805		244
Enphase Energy Inc *		5,140		425
Entegris Inc		19,770		1,470
EPAM Systems Inc *		5,383		1,740
ePlus Inc *		8,062		590
Euronet Worldwide Inc *		22,919		2,088


Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
EVERTEC Inc		82,658	$	2,869
Evo Payments Inc, Cl A *		15,000		373
ExlService Holdings Inc *		24,383		1,609
Fair Isaac Corp *		2,500		1,063
Five9 Inc *		8,000		1,037
FormFactor Inc *		600		15
Gartner Inc *		1,518		190
Genpact Ltd		30,604		1,192
Global Payments Inc		1,009		179
I3 Verticals Inc, Cl A *		7,873		199
Ichor Holdings Ltd *		23,345		504
II-VI Inc *		35,206		1,428
Inphi Corp *		18,603		2,088
Insight Enterprises Inc *		21,641		1,224
Intelligent Systems Corp *		358		14
International Money Express Inc *		1,250		18
Itron Inc *		32,577		1,979
J2 Global Inc *		191,856		13,280
Lattice Semiconductor Corp *		37,782		1,094
Leidos Holdings Inc		24,667		2,199
Limelight Networks Inc *		136,500		786
LiveRamp Holdings Inc *		10,000		518
Lumentum Holdings Inc *		4,818		362
MACOM Technology Solutions Holdings Inc *		12,485		425
Manhattan Associates Inc *		10,280		982
ManTech International Corp/VA, Cl A		16,545		1,140
MAXIMUS Inc		43,612		2,984
MicroStrategy Inc, Cl A *		3,537		533
Model N Inc *		21,638		763
Monolithic Power Systems Inc		6,335		1,771
National Instruments Corp		370		13
NCR Corp *		145,198		3,215
NIC Inc		72,349		1,425
Nuance Communications Inc *		67,500		2,240
NVE Corp		9,564		469
ON Semiconductor Corp *		108,955		2,363
OSI Systems Inc *		184		14
Palo Alto Networks Inc *		4,182		1,024
Perficient Inc *		12,505		534
PFSweb Inc *		135,038		903
Photronics Inc *		30,976		309
Power Integrations Inc		20,000		1,108
QAD Inc, Cl A		5,106		216
Qorvo Inc *		10,870		1,402
Qualys Inc *		6,629		650
Radware Ltd *		15,000		364
Rambus Inc *		69,493		951
RingCentral Inc, Cl A *		773		212
Science Applications International Corp		10,962		860
Semtech Corp *		69,289		3,669
Shutterstock Inc		14,686		764
Silicon Motion Technology Corp ADR		129,500		4,892

SEI Institutional Managed Trust / Annual Report / September 30, 2020

SCHEDULE OF INVESTMENTS

September 30, 2020

Tax-Managed Small/Mid Cap Fund (Continued)


Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
SolarWinds Corp *		785	$	16
SPS Commerce Inc *		16,563		1,290
Super Micro Computer Inc *		217,263		5,736
SVMK Inc *		28,358		627
Sykes Enterprises Inc *		31,637		1,082
Synopsys Inc *		5,999		1,284
Telenav Inc *		74,477		268
Tenable Holdings Inc *		29,500		1,114
Teradyne Inc		13,928		1,107
Trade Desk Inc/The, Cl A *		6,474		3,359
TTEC Holdings Inc		31,473		1,717
Tyler Technologies Inc *		4,765		1,661
Verint Systems Inc *		112,718		5,431
Wix.com Ltd *		15,023		3,829
WNS Holdings Ltd ADR *		36,260		2,319
Xperi Holding Corp		79,050		908
Zebra Technologies Corp, Cl A *		3,874		978


				137,202


Materials — 7.3%
Albemarle Corp		4,500		402
Ashland Global Holdings Inc		55,852		3,961
Avery Dennison Corp		2,472		316
Axalta Coating Systems Ltd *		129,650		2,874
B2Gold Corp		501,613		3,270
Balchem Corp		14,444		1,410
Boise Cascade Co		23,092		922
Century Aluminum Co *		234,619		1,670
Clearwater Paper Corp *		23,280		883
Commercial Metals Co, Cl A		270,710		5,409
Crown Holdings Inc *		4,800		369
Domtar Corp *		30,569		803
FMC Corp		105,124		11,134
Gold Resource Corp		187,979		641
Hawkins Inc		6,068		280
Hecla Mining Co		341,651		1,736
Ingevity Corp *		36,000		1,780
Materion Corp		12,245		637
Myers Industries Inc		29,683		393
NewMarket Corp		2,000		685
Novagold Resources Inc *		129,786		1,543
Packaging Corp of America		2,600		283
Royal Gold Inc, Cl A		8,757		1,052
Sensient Technologies Corp		18,700		1,080
Silgan Holdings Inc		272,109		10,005
Stepan Co		9,000		981
Tredegar Corp		10,409		155


				54,674


Real Estate — 5.5%
Alexander’s Inc ^‡		838		206
Camden Property Trust ^‡		13,101		1,166
CareTrust Inc ^‡		6,260		111


Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
CatchMark Timber Trust Inc, Cl A ^‡		108,771	$	971
City Office REIT ^‡		11,107		84
Community Healthcare Trust Inc ^‡		384		18
Douglas Emmett Inc ^‡		31,000		778
EastGroup Properties Inc ^‡		14,800		1,914
Equity Commonwealth ^‡		16,000		426
Equity LifeStyle Properties ^‡		20,564		1,261
Gaming and Leisure Properties Inc ^‡		168,741		6,232
Getty Realty Corp ^‡		46,457		1,208
Gladstone Commercial Corp ^‡		62,536		1,054
Howard Hughes Corp/The *^‡		51,451		2,964
Independence Realty Trust ^‡		113,415		1,315
Investors Real Estate Trust ^‡		15,417		1,005
Invitation Homes Inc ^‡		88,917		2,489
Kite Realty Group Trust ^‡		34,895		404
Life Storage Inc ^‡		3,100		326
Medical Properties Trust Inc ^‡		410,854		7,243
Mid-America Apartment Communities Inc ^‡		5,599		649
Monmouth Real Estate Investment Corp, Cl A ^‡		88,945		1,232
National Health Investors Inc ^‡		265		16
National Storage Affiliates Trust ^‡		14,152		463
New Senior Investment Group Inc ^‡		47,637		191
Newmark Group Inc, Cl A ^‡		450,766		1,947
Office Properties Income Trust ^‡		9,718		201
One Liberty Properties Inc ^‡		51,640		845
Piedmont Office Realty Trust Inc, Cl A ^‡		255		3
PS Business Parks Inc ^‡		12,200		1,493
RMR Group Inc/The, Cl A ^‡		7,665		211
Sabra Health Care Inc ^‡		42,013		579
Safehold Inc ^‡		20,000		1,242
Spirit Realty Capital Inc ^‡		387		13
Sun Communities Inc ^‡		1,653		232
Terreno Realty Corp ^‡		15,348		840
Universal Health Realty Income Trust ^‡		1,794		102


				41,434


Utilities — 2.5%
ALLETE Inc		14,400		745
American States Water Co		21,500		1,612
Atmos Energy Corp		20,484		1,958
Avista Corp		13,200		450
Black Hills Corp, Cl A		11,841		633
Chesapeake Utilities Corp		6,037		509
Clearway Energy Inc, Cl A		43,089		1,064
CMS Energy Corp		10,600		651
Evergy Inc		21,057		1,070
IDACORP Inc, Cl A		10,909		872
MDU Resources Group Inc		29,772		670
Middlesex Water Co		22,660		1,408
NorthWestern Corp		5,270		256
NRG Energy Inc		15,000		461
ONE Gas Inc		10,005		691

SEI Institutional Managed Trust / Annual Report / September 30, 2020

SCHEDULE OF INVESTMENTS

September 30, 2020

Tax-Managed Small/Mid Cap Fund (Continued)


Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Ormat Technologies Inc		13,800	$	816
PNM Resources Inc		25,500		1,054
Portland General Electric Co		43,378		1,540
Southwest Gas Holdings Inc		10,221		645
Spire Inc		8,685		462
UGI Corp		6,450		213
Unitil Corp		14,839		573
Vistra Corp		710		13
York Water Co/The		9,081		384


				18,750


Total Common Stock (Cost $514,539) ($ Thousands)				731,073


AFFILIATED PARTNERSHIP — 3.8%
SEI Liquidity Fund, L.P. 0.100% **^†(C)		28,345,929		28,359


Total Affiliated Partnership (Cost $28,349) ($ Thousands)				28,359


CASH EQUIVALENT — 2.5%
SEI Daily Income Trust, Government Fund, Cl F 0.010%**^†		18,861,087		18,861


Total Cash Equivalent (Cost $18,861) ($ Thousands)				18,861


Total Investments in Securities — 103.8% (Cost $561,749) ($ Thousands)			$	778,293

Percentages are based on a Net Assets of $749,505 ($ Thousands).

*	Non-income producing security.

**	The rate reported is the 7-day effective yield as of September 30, 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 September 30, 2020 (see Note 10). The total market value of securities on loan at September 30, 2020, was $27,598 ($ Thousands).

(B)	Security is a Master Limited Partnership. At September 30, 2020, such securities amounted to $1,160 ($ Thousands), or 0.2% of the Fund Net Assets (see Note 2).

(C)	This security was purchased with cash collateral held from securities on loan (see Note 10). The total market value of such securities as of September 30, 2020 was $28,359 ($ Thousands).

ADR — American Depositary Receipt

Cl — Class

LME — London Metal Exchange

L.P. — Limited Partnership

Ltd. — Limited

PLC — Public Limited Company

REIT — Real Estate investment Trust

SPX — Standard & Poor’s 500 Index

The following is a list of the level of inputs used as of September 30, 2020, in valuing the Fund’s investments carried at value ($ Thousands):

Investments in Securities

Level 1
($)

Level 2
($)

Level 3
($)

Total
($)

Common Stock

731,073

–

731,073

Affiliated Partnership

–

28,359

–

28,359

Cash Equivalent

18,861

–

18,861

Total Investments in Securities

749,934

28,359

–

778,293

(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 ended September 30, 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 / Annual Report / September 30, 2020

SCHEDULE OF INVESTMENTS

September 30, 2020

Tax-Managed Small/Mid Cap Fund (Continued)

The following is a summary of the Fund’s transactions with affiliates for the year ended September 30, 2020 ($ Thousands):



Security Description	Value 9/30/2019	Purchases at Cost	Proceeds from Sales	Realized Gain/ (Loss)	Change in Unrealized Appreciation/ (Depreciation)	Value 9/30/2020	Shares	Income	Capital Gains
SEI Liquidity Fund, L.P.	$ 78,149	$ 129,493	$ (179,292)	$ (2)	$ 11	$ 28,359	28,345,929	$ 213	$—
SEI Daily Income Trust, Government Fund, Cl F	18,992	158,458	(158,589)	—	—	18,861	18,861,087	121	—

Totals	$ 97,141	$ 287,951	$ (337,881)	$ (2)	$ 11	$ 47,220		$ 334	$—

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 / Annual Report / September 30, 2020

SCHEDULE OF INVESTMENTS

September 30, 2020

Mid-Cap Fund


Description	Shares		Market Value ($ Thousands)

COMMON STOCK — 98.3%

Communication Services — 4.2%
CenturyLink Inc		53,800	$	543
Discovery Inc, Cl A *		7,200		157
Discovery Inc, Cl C *		14,300		280
Omnicom Group Inc		800		40
Spotify Technology SA *		3,100		752
Take-Two Interactive Software Inc, Cl A *		2,200		363
ViacomCBS Inc, Cl B		13,206		370
Zynga Inc, Cl A *		45,100		411


				2,916


Consumer Discretionary — 12.9%
Advance Auto Parts Inc		2,800		430
AutoNation Inc *		4,800		254
Best Buy Co Inc		6,700		746
Chipotle Mexican Grill Inc, Cl A *		360		448
Darden Restaurants Inc		2,900		292
Dollar General Corp		1,000		210
Dollar Tree Inc *		6,900		630
Domino’s Pizza Inc		870		370
DR Horton Inc		9,800		741
Etsy Inc *		1,700		207
Lear Corp *		1,500		163
Lennar Corp, Cl A		4,600		376
Lennar Corp, Cl B		4,200		276
O’Reilly Automotive Inc *		1,550		715
Polaris Inc		4,200		396
Pool Corp		600		201
PulteGroup Inc		13,400		620
Qurate Retail		1,050		103
Qurate Retail Inc *		35,000		251
Smith & Wesson Brands Inc		15,900		247
Stamps.com Inc *		700		169
Strategic Education Inc		800		73
Tractor Supply Co		4,200		602
Williams-Sonoma Inc		500		45
Yum China Holdings Inc *		7,100		376
Yum! Brands Inc		800		73


				9,014


Consumer Staples — 5.7%
Archer-Daniels-Midland Co		15,000		697
Campbell Soup Co		6,700		324
Conagra Brands Inc		16,200		579
J M Smucker Co/The		1,900		220
Kellogg Co		1,400		91
Keurig Dr Pepper Inc		11,100		306
Kroger Co/The		21,100		715
Molson Coors Beverage Co, Cl B *		6,500		218
National Beverage Corp, Cl A *		500		34
Nu Skin Enterprises Inc, Cl A		1,700		85
Pilgrim’s Pride Corp *		2,900		43
Reynolds Consumer Products Inc		4,500		138


Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Tyson Foods Inc, Cl A		9,300	$	553


				4,003


Energy — 0.9%
International Seaways		3,300		48
Kinder Morgan Inc		18,900		233
ONEOK Inc		3,700		96
Pioneer Natural Resources Co		2,600		224


				601


Financials — 9.0%
Aflac Inc		10,500		382
Allstate Corp/The		1,700		160
American Financial Group Inc/OH		3,000		201
Ameriprise Financial Inc		4,400		678
Annaly Capital Management Inc ^‡		76,100		542
Associated Banc-Corp		2,400		30
Bancorp Inc/The *		1,800		16
Cboe Global Markets Inc		2,700		237
Citizens Financial Group Inc		2,900		73
CNA Financial Corp		9,300		279
Customers Bancorp Inc *		3,300		37
Discover Financial Services		10,100		584
Federated Hermes Inc, Cl B		8,700		187
Fifth Third Bancorp		1,000		21
Hartford Financial Services Group Inc/The		1,200		44
KeyCorp		3,400		41
Lincoln National Corp		3,000		94
Midland States Bancorp Inc		1,400		18
Old Republic International Corp		12,200		180
OneMain Holdings Inc, Cl A		14,700		459
PacWest Bancorp		5,300		90
Popular Inc		8,600		312
Principal Financial Group Inc, Cl A		7,600		306
Raymond James Financial Inc		3,600		262
Ready Capital Corp ^‡		2,500		28
Starwood Property Trust Inc ^‡		29,800		450
T Rowe Price Group Inc		4,600		590


				6,301


Health Care — 14.6%
Alexion Pharmaceuticals Inc *		5,900		675
AmerisourceBergen Corp, Cl A		6,300		611
Bio-Techne Corp		500		124
Charles River Laboratories International Inc *		2,100		475
Emergent BioSolutions Inc *		700		72
Hologic Inc *		8,300		552
IDEXX Laboratories Inc *		1,200		472
Incyte Corp *		4,800		431
IQVIA Holdings Inc *		3,900		615
Jazz Pharmaceuticals PLC *		900		128
McKesson Corp		4,400		655
Molina Healthcare Inc *		1,800		329

SEI Institutional Managed Trust / Annual Report / September 30, 2020

SCHEDULE OF INVESTMENTS

September 30, 2020

Mid-Cap Fund (Continued)


Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Mylan NV *		21,700	$	322
Neurocrine Biosciences Inc *		4,600		442
PerkinElmer Inc		4,400		552
Perrigo Co PLC		4,000		184
Quidel Corp *		2,100		461
ResMed Inc		3,600		617
STERIS PLC		3,500		617
Universal Health Services Inc, Cl B *		5,000		535
Veeva Systems Inc, Cl A *		2,500		703
West Pharmaceutical Services Inc		2,500		687


				10,259


Industrials — 13.6%
Acuity Brands Inc		4,700		481
AGCO Corp		2,600		193
Allison Transmission Holdings Inc		8,000		281
Atkore International Group Inc *		8,100		184
BWX Technologies Inc, Cl W		2,500		141
Carrier Global Corp		21,900		669
Comfort Systems USA Inc		600		31
Crane Co, Cl A		1,700		85
Cummins Inc		3,700		781
Donaldson Co Inc, Cl A		2,600		121
Dover Corp		200		22
Expeditors International of Washington Inc		6,900		625
Fastenal Co, Cl A		1,200		54
Gates Industrial Corp PLC *		30,800		342
Generac Holdings Inc *		700		136
GMS Inc *		9,600		231
Huntington Ingalls Industries Inc, Cl A		800		113
JB Hunt Transport Services Inc		3,400		430
Kansas City Southern		200		36
Kelly Services Inc, Cl A *		2,100		36
Kforce Inc		6,100		196
Masco Corp		10,600		584
nVent Electric PLC		3,600		64
Old Dominion Freight Line Inc, Cl A		2,000		362
Oshkosh Corp		3,600		265
Otis Worldwide Corp		7,400		462
PACCAR Inc		8,100		691
Pentair PLC		7,300		334
Quanta Services Inc		2,800		148
Resources Connection Inc		300		3
Schneider National Inc, Cl B		4,700		116
Trane Technologies PLC		3,300		400
TransUnion		1,100		92
UFP Industries Inc		1,500		85
Univar Solutions Inc *		8,100		137
Werner Enterprises Inc		2,100		88


Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
WW Grainger Inc		1,500	$	535


				9,554


Information Technology — 20.3%
Amdocs Ltd		8,200		471
ANSYS Inc *		400		131
Aspen Technology Inc *		2,100		266
CACI International Inc, Cl A *		2,300		490
Cadence Design Systems Inc *		7,300		778
CDW Corp/DE		700		84
ChannelAdvisor Corp *		1,800		26
Ciena Corp *		8,700		345
Citrix Systems Inc		4,000		551
Cognizant Technology Solutions Corp, Cl A		3,900		271
CommScope Holding Co Inc *		48,900		440
EPAM Systems Inc *		1,600		517
F5 Networks Inc, Cl A *		1,900		233
Fair Isaac Corp *		1,050		447
FormFactor Inc *		3,900		97
Fortinet Inc *		4,600		542
Hewlett Packard Enterprise Co		2,200		21
HP Inc		20,900		397
KLA Corp		3,400		659
Manhattan Associates Inc *		4,500		430
MKS Instruments Inc		3,800		415
Monolithic Power Systems Inc		1,800		503
NETGEAR Inc *		800		25
NortonLifeLock Inc		25,700		535
Paycom Software Inc *		2,000		623
PTC Inc *		6,200		513
Qorvo Inc *		2,700		348
Semtech Corp *		500		26
Skyworks Solutions Inc		5,200		757
SS&C Technologies Holdings Inc		10,400		629
SYNNEX Corp *		3,800		532
Synopsys Inc *		3,600		770
Teradyne Inc		6,700		532
Ubiquiti Inc		800		133
Verint Systems Inc *		800		39
VeriSign Inc *		400		82
Western Digital Corp *		1,000		37
Zebra Technologies Corp, Cl A *		2,100		531


				14,226


Materials — 5.1%
Berry Global Group Inc *		500		24
Boise Cascade Co		1,800		72
Celanese Corp, Cl A		5,000		537
Corteva Inc		22,900		660
Eastman Chemical Co		800		63
Element Solutions Inc *		12,400		130
LyondellBasell Industries NV, Cl A		8,600		606
Martin Marietta Materials Inc, Cl A		400		94

SEI Institutional Managed Trust / Annual Report / September 30, 2020

SCHEDULE OF INVESTMENTS

September 30, 2020

Mid-Cap Fund (Continued)


Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
PPG Industries Inc		3,300	$	403
Reliance Steel & Aluminum Co		600		61
Scotts Miracle-Gro Co/The, Cl A		1,200		184
Sensient Technologies Corp		1,400		81
Steel Dynamics Inc		12,800		366
W R Grace & Co		700		28
Westrock Co		6,900		240


				3,549


Real Estate — 5.6%
Apple Hospitality Inc ^‡		46,400		446
Boston Properties Inc ^‡		2,000		161
CBRE Group Inc, Cl A *^‡		4,300		202
City Office REIT ^‡		2,800		21
Columbia Property Trust Inc ^‡		16,700		182
CoreCivic Inc *^‡		31,900		255
CorePoint Lodging *^‡		200		1
Corporate Office Properties Trust ^‡		1,800		43
Franklin Street Properties Corp ^‡		7,700		28
Gaming and Leisure Properties Inc ^‡		14,971		553
GEO Group Inc/The ^‡		33,550		381
Highwoods Properties Inc ^‡		3,200		107
Paramount Group Inc ^‡		19,100		135
Pebblebrook Hotel Trust ^‡		9,300		117
PotlatchDeltic Corp ^‡		3,800		160
Weyerhaeuser Co ^‡		20,700		590
WP Carey Inc ^‡		7,800		508


				3,890


Utilities — 6.4%
AES Corp/The		33,800		612
Edison International		2,100		107
MDU Resources Group Inc		20,800		468
NRG Energy Inc		16,000		492
PPL Corp		19,900		541
Public Service Enterprise Group Inc		13,600		747
Sempra Energy		4,300		509
UGI Corp		14,800		488
Vistra Corp		28,100		530


				4,494

Total Common Stock (Cost $63,268) ($ Thousands)				68,806


Description	Shares		Market Value ($ Thousands)

CASH EQUIVALENT — 1.6%
SEI Daily Income Trust, Government Fund, Cl F
0.010%**^†		1,118,918	$	1,119


Total Cash Equivalent (Cost $1,119) ($ Thousands)				1,119


Total Investments in Securities — 99.9% (Cost $64,387) ($ Thousands)			$	69,925

Percentages are based on Net Assets of $69,995 ($ Thousands).

*	Non-income producing security.

**	Rate shown is the 7-day effective yield as of September 30, 2020.

^‡	Real Estate Investment Trust.

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

Cl — Class

As of September 30, 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 year ended September 30, 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 / Annual Report / September 30, 2020

SCHEDULE OF INVESTMENTS

September 30, 2020

Mid-Cap Fund (Continued)

The following is a summary of the Fund’s transactions with affiliates for the year ended September 30, 2020 ($ Thousands):

Change in

Unrealized

Proceeds from

Realized Gain/

Appreciation/

Value

Security Description

Value 9/30/2019

Purchases at Cost

Sales

(Loss)

(Depreciation)

9/30/2020

Shares

Income

Capital Gains

SEI Daily Income Trust, Government Fund, Cl F

$3,143

$ 39,328

$(41,352)

$ —

$1,119

$19

$ —

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 / Annual Report / September 30, 2020

SCHEDULE OF INVESTMENTS

September 30, 2020

U.S. Managed Volatility Fund


Description	Shares		Market Value ($ Thousands)

COMMON STOCK — 97.9%

Communication Services — 9.6%
Activision Blizzard Inc		92,212	$	7,465
AT&T Inc		704,200		20,077
Bandwidth Inc, Cl A *		3,244		566
BCE Inc		82,400		3,406
Cargurus Inc, Cl A *		13,130		284
China Mobile ADR		75,300		2,422
Comcast Corp, Cl A		469,600		21,724
Consolidated Communications Holdings Inc *		14,914		85
Discovery Inc, Cl C *		66,690		1,307
Electronic Arts Inc *		46,515		6,066
EverQuote Inc, Cl A *		5,752		222
Facebook Inc, Cl A *		22,943		6,009
Gaia Inc, Cl A *		3,927		39
Glu Mobile Inc *		36,688		282
Hemisphere Media Group Inc, Cl A *		1,396		12
John Wiley & Sons Inc, Cl A		59,957		1,901
Madison Square Garden Sports Corp *		13,455		2,025
Netflix Inc *		3,187		1,594
New York Times Co/The, Cl A		91,378		3,910
NTT DOCOMO Inc ADR (A)		184,500		6,767
Omnicom Group Inc		121,800		6,029
Ooma Inc *		16,850		220
Shenandoah Telecommunications Co		1,224		54
SK Telecom Co Ltd ADR		191,000		4,282
Spok Holdings Inc		9,497		90
Take-Two Interactive Software Inc, Cl A *		41,900		6,923
TechTarget Inc *		12,575		553
TELUS		403,400		7,076
TrueCar Inc *		19,054		95
United States Cellular Corp *		8,281		245
Verizon Communications		662,708		39,424
World Wrestling Entertainment Inc, Cl A		13,205		534
Zynga Inc, Cl A *		564,822		5,151


				156,839


Consumer Discretionary — 9.4%
1-800-Flowers.com Inc, Cl A *		5,638		141
Amazon.com Inc, Cl A *		1,961		6,175
Aspen Group Inc/CO *		20,419		228
AutoZone Inc *		19,300		22,728
Canadian Tire Corp Ltd, Cl A		45,600		4,579
Chegg Inc *		64,463		4,605
Chipotle Mexican Grill Inc, Cl A *		5,273		6,558
Collectors Universe Inc		5,971		296
Core-Mark Holding Co Inc, Cl A		13,194		382
Domino’s Pizza Inc		18,661		7,936
Dorman Products Inc *		5,796		524
DR Horton Inc		79,300		5,998
eBay Inc		364,000		18,964
frontdoor Inc *		31,647		1,231
Garmin Ltd		44,751		4,245


Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Gentex Corp		17,802	$	458
Grand Canyon Education Inc *		63,213		5,053
GrowGeneration Corp *		25,938		415
Johnson Outdoors Inc, Cl A		1,497		123
K12 Inc *		11,211		295
Lakeland Industries Inc *		15,160		300
Lululemon Athletica Inc *		15,081		4,967
Murphy USA Inc *		5,492		704
Ollie’s Bargain Outlet Holdings Inc *		55,529		4,850
Papa John’s International Inc, Cl A		5,561		458
Perdoceo Education Corp *		6,973		85
Pool Corp		967		324
Purple Innovation Inc, Cl A *		10,181		253
Shutterstock Inc		9,079		473
Sturm Ruger & Co Inc		4,021		246
Target Corp, Cl A		244,400		38,473
Tesla Inc *		9,249		3,968
Toyota Motor Corp ADR (A)		57,700		7,642
Vista Outdoor Inc *		1,596		32
Wingstop Inc, Cl A		3,797		519


				154,228


Consumer Staples — 19.3%
Altria Group Inc		270,100		10,437
B&G Foods Inc, Cl A (A)		15,053		418
Beyond Meat Inc *(A)		10,162		1,688
BJ’s Wholesale Club Holdings Inc *		8,261		343
Boston Beer Co Inc/The, Cl A *		8,116		7,169
Bunge Ltd		50,599		2,312
Calavo Growers Inc		10,581		701
Campbell Soup Co		146,646		7,093
Casey’s General Stores Inc		13,014		2,312
Celsius Holdings Inc *		17,938		407
Central Garden & Pet Co, Cl A *		1,769		71
Church & Dwight Co Inc		75,039		7,032
Clorox Co/The		34,732		7,300
Coca-Cola Co/The		69,362		3,424
Coca-Cola Consolidated Inc		808		194
Colgate-Palmolive Co		103,942		8,019
Conagra Brands Inc		48,359		1,727
Costco Wholesale Corp		26,437		9,385
Estee Lauder Cos Inc/The, Cl A		38,669		8,440
Flowers Foods Inc		265,344		6,456
General Mills Inc		409,410		25,252
Hain Celestial Group Inc/The *		35,174		1,206
Hershey Co/The		59,098		8,471
Hormel Foods Corp		195,407		9,553
Hostess Brands Inc, Cl A *		72,428		893
Ingredion Inc		55,800		4,223
J & J Snack Foods Corp		2,699		352
J M Smucker Co/The		191,385		22,109
John B Sanfilippo & Son		9,644		727
Kellogg Co		194,966		12,593

SEI Institutional Managed Trust / Annual Report / September 30, 2020

SCHEDULE OF INVESTMENTS

September 30, 2020

U.S. Managed Volatility Fund (Continued)


Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Keurig Dr Pepper Inc		154,898	$	4,275
Kimberly-Clark Corp		78,587		11,604
Kraft Heinz Co/The		219,400		6,571
Kroger Co/The		808,481		27,416
Lancaster Colony Corp		3,505		627
McCormick & Co Inc/MD		34,057		6,610
Medifast Inc		2,535		417
MGP Ingredients Inc		12,026		478
Mondelez International Inc, Cl A		150,911		8,670
Monster Beverage Corp *		45,231		3,628
National Beverage Corp, Cl A *(A)		8,275		563
Natural Grocers by Vitamin Cottage Inc		27,819		274
PepsiCo Inc		68,974		9,560
PriceSmart Inc		2,944		196
Procter & Gamble Co/The		62,742		8,721
Simply Good Foods Co/The *		25,351		559
Sprouts Farmers Market Inc *		122,271		2,559
Tootsie Roll Industries Inc		18,781		580
Tyson Foods Inc, Cl A		257,700		15,328
Universal Corp/VA		9,251		387
USANA Health Sciences Inc *		7,488		552
Walgreens Boots Alliance Inc		205,400		7,378
Walmart Inc		196,868		27,544
WD-40 Co		3,308		626
Weis Markets Inc		13,380		642


				316,072


Energy — 0.6%
Antero Midstream Corp		246,732		1,325
Cabot Oil & Gas Corp		116,338		2,020
Frontline Ltd		27,746		180
Phillips 66		122,600		6,355


				9,880


Financials — 10.0%
Aflac Inc		317,600		11,545
Alerus Financial Corp		1,690		33
Allstate Corp/The		232,400		21,878
American Financial Group Inc/OH		89,400		5,988
Annaly Capital Management Inc ^‡		1,110,500		7,907
Assured Guaranty Ltd		131,800		2,831
Bank of New York Mellon Corp/The		198,000		6,799
Bank of NT Butterfield & Son Ltd/The		3,724		83
Berkshire Hathaway Inc, Cl B *		143,000		30,450
Cboe Global Markets Inc		35,095		3,079
CNA Financial Corp		20,300		609
Columbia Financial Inc *		22,029		245
Commerce Bancshares Inc/MO		37,197		2,094
Community Bank System Inc		4,170		227
Community Bankers Trust Corp		9,432		48
Crawford & Co, Cl A		3,960		26
Donegal Group Inc, Cl A		2,629		37
Employers Holdings Inc		6,206		188


Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Erie Indemnity Co, Cl A		1,835	$	386
Everest Re Group Ltd		17,200		3,398
First Financial Bankshares Inc, Cl A		9,135		255
Genworth MI Canada Inc		71,000		1,835
Goosehead Insurance Inc, Cl A *		4,575		396
Hanover Insurance Group Inc/The, Cl A		50,200		4,678
HarborOne Bancorp Inc		54,212		438
Hartford Financial Services Group Inc/The		69,100		2,547
Horace Mann Educators Corp, Cl A		6,461		216
JPMorgan Chase & Co		48,400		4,659
Kearny Financial Corp/MD		13,895		100
Kinsale Capital Group Inc		3,007		572
KKR Real Estate Finance Trust Inc^‡		31,665		523
Loblaw Cos Ltd		110,700		5,779
MarketAxess Holdings Inc		13,512		6,507
Mercury General Corp		14,485		599
Morningstar Inc, Cl A		6,998		1,124
National Bank Holdings Corp, Cl A		8,307		218
National Bank of Canada		145,500		7,204
NI Holdings Inc *		1,708		29
Nicolet Bankshares Inc *		1,472		80
Northeast Bank		7,248		133
Orrstown Financial Services Inc		6,033		77
Palomar Holdings Inc, Cl A *		4,137		431
PCSB Financial Corp		27,285		329
PennyMac Financial Services Inc		11,734		682
Progressive Corp/The		72,179		6,833
Protective Insurance Corp		1,773		23
Reliant Bancorp Inc		1,782		26
Safeguard Scientifics Inc *		9,035		50
Safety Insurance Group Inc		4,608		318
Starwood Property Trust Inc ^‡		218,800		3,302
Stewart Information Services Corp		10,399		455
TFS Financial Corp		27,471		404
Timberland Bancorp Inc/WA		8,122		146
Tradeweb Markets Inc, Cl A		66,303		3,846
Trupanion Inc *		8,892		702
US Bancorp		172,500		6,184
Virtu Financial Inc, Cl A		115,565		2,659
Waterstone Financial Inc		8,638		134
White Mountains Insurance Group Ltd		2,544		1,982


				164,326


Health Care — 15.2%
AbbVie Inc		100,800		8,829
AdaptHealth Corp, Cl A *		7,321		160
Agilent Technologies Inc		23,329		2,355
Alexion Pharmaceuticals Inc *		11,788		1,349
Amgen Inc, Cl A		42,500		10,802
Amphastar Pharmaceuticals Inc *		20,765		389
BioDelivery Sciences International Inc *		22,324		83
Bio-Rad Laboratories Inc, Cl A *		1,488		767
Bristol-Myers Squibb Co		391,766		23,620

SEI Institutional Managed Trust / Annual Report / September 30, 2020

SCHEDULE OF INVESTMENTS

September 30, 2020

U.S. Managed Volatility Fund (Continued)


Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Catabasis Pharmaceuticals Inc *		14,665	$	91
Cerner Corp		14,237		1,029
Chemed Corp		8,650		4,155
Co-Diagnostics Inc *(A)		14,434		196
Corcept Therapeutics Inc *		13,068		227
CryoPort Inc *		4,247		201
CVS Health Corp		153,830		8,984
Dyadic International Inc *		5,006		38
Eli Lilly and Co		49,832		7,376
Enzo Biochem Inc *		14,906		31
Fulgent Genetics Inc *		1,345		54
GenMark Diagnostics Inc *		15,630		222
Gilead Sciences Inc		141,500		8,941
HCA Healthcare Inc		94,000		11,720
HealthStream Inc *		7,683		154
HMS Holdings Corp *		13,042		312
IDEXX Laboratories Inc *		16,339		6,423
Incyte Corp *		35,425		3,179
InfuSystem Holdings Inc *		2,116		27
Johnson & Johnson		285,829		42,554
Joint Corp/The *		11,393		198
Kiniksa Pharmaceuticals Ltd, Cl A *		2,515		39
LeMaitre Vascular Inc		1,350		44
Luminex Corp		9,082		238
Masimo Corp *		8,172		1,929
Merck & Co Inc		499,303		41,417
Mettler-Toledo International Inc *		4,509		4,355
National HealthCare Corp		2,695		168
Neogen Corp, Cl B *		4,477		350
NGM Biopharmaceuticals Inc *		1,867		30
Ontrak Inc *		1,725		104
Orthofix Medical Inc *		1,402		44
Pacira BioSciences Inc *		783		47
Pfizer Inc		770,605		28,281
Phibro Animal Health Corp, Cl A		12,044		210
Premier Inc, Cl A		21,661		711
Prestige Consumer Healthcare Inc, Cl A *		7,289		265
Providence Service Corp/The *		2,343		218
Regeneron Pharmaceuticals Inc *		10,800		6,046
Repro-Med Systems Inc *		16,211		117
Sanofi ADR		61,600		3,091
SeaSpine Holdings Corp *		8,831		126
SIGA Technologies Inc *		50,053		344
Simulations Plus Inc		5,342		403
Stereotaxis Inc *		33,135		119
Translate Bio Inc *		2,271		31
Universal Health Services Inc, Cl B *		50,500		5,405
Vapotherm Inc *		10,626		308
Viemed Healthcare Inc *		34,170		295
Vocera Communications Inc *		11,252		327
West Pharmaceutical Services Inc		30,856		8,482


Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
XBiotech Inc *(A)		9,287	$	177


				248,187


Industrials — 9.4%
3M Co		65,100		10,428
Acacia Research Corp *		6,579		23
Allison Transmission Holdings Inc		215,300		7,566
Alpha Pro Tech Ltd *(A)		27,145		401
BWX Technologies Inc, Cl W		20,288		1,142
Carlisle Cos Inc		33,916		4,150
Carrier Global Corp		66,500		2,031
CH Robinson Worldwide Inc		78,490		8,021
CoStar Group Inc *		10,064		8,539
CSW Industrials Inc		4,803		371
Cummins Inc		31,600		6,673
Expeditors International of Washington Inc		81,048		7,337
Exponent Inc		5,460		393
Fastenal Co, Cl A		217,957		9,828
Federal Signal Corp		11,883		348
General Dynamics Corp		43,800		6,063
Graco Inc		26,977		1,655
Heartland Express Inc		14,256		265
Huntington Ingalls Industries Inc, Cl A		37,800		5,320
IHS Markit Ltd		66,432		5,216
Lindsay Corp		320		31
Lockheed Martin Corp		13,700		5,251
Marten Transport Ltd		16,194		264
Miller Industries Inc/TN		2,075		63
Northrop Grumman Corp		37,500		11,831
Old Dominion Freight Line Inc, Cl A		25,669		4,644
Omega Flex Inc		492		77
Orion Energy Systems Inc *		7,690		58
Otis Worldwide Corp		33,250		2,076
PAE Inc *		8,755		74
Parsons Corp *		12,255		411
Proto Labs Inc *		3,057		396
Red Violet Inc *(A)		8,567		158
Republic Services Inc		121,200		11,314
Resources Connection Inc		3,086		36
Robert Half International Inc		44,297		2,345
Rollins Inc		71,452		3,872
Snap-on Inc		44,000		6,474
Toro Co/The		30,703		2,578
Upwork Inc *		22,247		388
Waste Management Inc		96,600		10,932
Watsco Inc		18,902		4,402
Werner Enterprises Inc		9,053		380


				153,825


Information Technology — 14.3%
A10 Networks Inc *		12,302		78
Acacia Communications Inc *		13,136		885
Amdocs Ltd		565,308		32,454

SEI Institutional Managed Trust / Annual Report / September 30, 2020

SCHEDULE OF INVESTMENTS

September 30, 2020

U.S. Managed Volatility Fund (Continued)


Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Apple Inc		42,000	$	4,864
Arista Networks Inc *		19,088		3,950
Avnet Inc		87,000		2,248
Blackline Inc *		4,494		403
Booz Allen Hamilton Holding Corp, Cl A		34,627		2,873
Box Inc, Cl A *		29,143		506
Brightcove Inc *		9,302		95
CACI International Inc, Cl A *		27,200		5,798
Calix Inc *		13,197		235
Canon Inc ADR (A)		130,800		2,170
CDK Global Inc		136,700		5,959
Cisco Systems Inc		537,800		21,184
CommVault Systems Inc *		9,425		385
CSG Systems International Inc		8,252		338
DocuSign Inc, Cl A *		23,486		5,055
Dropbox Inc, Cl A *		132,925		2,560
F5 Networks Inc, Cl A *		90,931		11,164
Five9 Inc *		1,188		154
GSI Technology Inc *		3,212		18
Intel Corp		503,100		26,050
Intelligent Systems Corp *		6,191		241
International Business Machines Corp		133,800		16,279
Intevac Inc *		8,579		47
J2 Global Inc *		4,645		322
Jack Henry & Associates Inc		38,425		6,248
Juniper Networks Inc		447,700		9,626
MAXIMUS Inc		5,235		358
MicroStrategy Inc, Cl A *		2,212		333
Mitek Systems Inc *		33,320		424
MobileIron Inc *		40,908		287
Napco Security Technologies Inc *		14,395		338
National Instruments Corp		7,314		261
NETGEAR Inc *		13,063		403
NIC Inc		17,522		345
Oracle Corp, Cl B		602,380		35,962
Progress Software Corp		9,624		353
Qualys Inc *		3,601		353
ServiceNow Inc *		14,265		6,919
SPS Commerce Inc *		6,032		470
Telenav Inc *		4,977		18
Tucows Inc, Cl A *		1,145		79
Western Union Co/The		715,900		15,342
Zoom Video Communications Inc, Cl A *		12,599		5,923
Zscaler Inc *		29,854		4,200


				234,557


Materials — 3.4%
AptarGroup Inc		59,933		6,784
Balchem Corp		5,137		502
Ball Corp		13,023		1,083
Berry Global Group Inc *		176,512		8,529
Linde PLC		33,474		7,971
Materion Corp		3,322		173


Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
NewMarket Corp		15,308	$	5,240
Novagold Resources Inc *		28,770		342
Ranpak Holdings Corp, Cl A *		15,327		146
Royal Gold Inc, Cl A		18,368		2,207
Sealed Air Corp		165,200		6,411
Sensient Technologies Corp		6,142		355
Silgan Holdings Inc		165,800		6,096
Sonoco Products Co		158,700		8,105
Stepan Co		2,709		295
Valvoline Inc		71,513		1,362


				55,601


Real Estate — 1.3%
Americold Realty Trust ^‡		37,706		1,348
Brandywine Realty Trust ^‡		343,400		3,551
Easterly Government Properties Inc ^‡		8,722		195
eXp World Holdings Inc *^‡		7,254		293
Forestar Group Inc *^‡		5,874		104
Gladstone Land Corp ^‡		8,197		123
Iron Mountain Inc ^‡		146,700		3,930
Piedmont Office Realty Trust, Cl A ^‡		273,000		3,705
PS Business Parks Inc ^‡		2,501		306
Retail Properties of America Inc, Cl A ^‡		49,500		287
St Joe Co/The *^‡		19,963		412
Tejon Ranch Co *^‡		4,258		60
Terreno Realty Corp ^‡		9,292		509
VEREIT Inc ^‡		907,500		5,899


				20,722


Utilities — 5.4%
American States Water Co		4,753		356
Artesian Resources Corp, Cl A		797		27
Atlantic Power Corp *		112,626		221
Avista Corp		8,933		305
Cadiz Inc *(A)		27,242		271
California Water Service Group, Cl A		5,294		230
Chesapeake Utilities Corp		559		47
Consolidated Water Co Ltd		1,589		17
DTE Energy Co		89,500		10,296
Duke Energy Corp		55,200		4,888
Entergy Corp		176,000		17,341
Evergy Inc		316,600		16,090
Exelon Corp		520,300		18,606
Genie Energy Ltd, Cl B		13,918		111
Hawaiian Electric Industries Inc		132,783		4,414
MDU Resources Group Inc		18,639		419
MGE Energy Inc		4,830		303
NextEra Energy Inc		17,203		4,775
ONE Gas Inc		570		39
Public Service Enterprise Group Inc		139,100		7,638
Pure Cycle Corp *		10,354		93
Southwest Gas Holdings Inc		4,052		256
Spark Energy Inc, Cl A		11,425		95

SEI Institutional Managed Trust / Annual Report / September 30, 2020

SCHEDULE OF INVESTMENTS

September 30, 2020

U.S. Managed Volatility Fund (Continued)



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Spire		5,701	$	303
Unitil Corp		2,760		107
Vistra Corp		16,855		318


				87,566

Total Common Stock (Cost $1,416,901) ($ Thousands)				1,601,803


AFFILIATED PARTNERSHIP — 0.8%
SEI Liquidity Fund, L.P.
0.100% **^†(B)		13,090,833		13,094


Total Affiliated Partnership (Cost $13,094) ($ Thousands)				13,094


CASH EQUIVALENT — 1.9%
SEI Daily Income Trust, Government Fund, Cl F
0.010%**^†		31,665,530		31,666


Total Cash Equivalent (Cost $31,666) ($ Thousands)				31,666


Total Investments in Securities — 100.6% (Cost $1,461,661) ($ Thousands)			$	1,646,563

A list of the open futures contracts held by the Fund at September 30, 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		106		Dec-2020		$	17,615		$	17,765		$	150

Percentages are based on a Net Assets of $1,636,825 ($ Thousands).

*	Non-income producing security.

**	The rate reported is the 7-day effective yield as of September 30, 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 September 30, 2020 (see Note 10). The total market value of securities on loan at September 30, 2020, was $12,727 ($ Thousands).

(B)	This security was purchased with cash collateral held from securities on loan (see Note 10). The total market value of such securities as of September 30, 2020 was $13,094 ($ 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 September 30, 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

1,601,803

–

1,601,803

Affiliated Partnership

–

13,094

–

13,094

Cash Equivalent

31,666

–

31,666

Total Investments in Securities

1,633,469

13,094

–

1,646,563

Other Financial Instruments

Level 1
($)

Level 2
($)

Level 3
($)

Total

($)

Futures Contracts*

Unrealized Appreciation

150

–

150

Total Other Financial Instruments

150

–

150

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

SEI Institutional Managed Trust / Annual Report / September 30, 2020

SCHEDULE OF INVESTMENTS

September 30, 2020

U.S. Managed Volatility Fund (Continued)

For the year ended September 30, 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 year ended September 30, 2020 ($ Thousands):


Security Description	Value 9/30/2019	Purchases at Cost	Proceeds from Sales	Realized Gain/ (Loss)	Change in Unrealized Appreciation/ (Depreciation)	Value 9/30/2020	Shares	Income	Capital Gains
SEI Liquidity Fund, L.P.	$—	$40,671	$(27,577)	$—	$—	$13,094	13,090,833	$48	$—
SEI Daily Income Trust, Government Fund, Cl F	44,041	498,027	(510,402)	—	—	31,666	31,665,530	322	—

Totals	$44,041	$538,698	$(537,979)	$—	$—	$44,760		$370	$—

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 / Annual Report / September 30, 2020

SCHEDULE OF INVESTMENTS

September 30, 2020

Global Managed Volatility Fund


Description	Shares		Market Value ($ Thousands)

COMMON STOCK — 96.7%
Australia — 1.7%
Coles Group Ltd		237,342	$	2,903
Dacian Gold Ltd *		34,383		8
Evolution Mining Ltd		772,453		3,193
Newcrest Mining Ltd		461,027		10,333
Regis Resources Ltd		372,623		1,342

				17,779


Austria — 0.1%
Agrana Beteiligungs AG		9,646		186
EVN AG		12,019		201
Oberbank AG		81		8
Telekom Austria AG, Cl A		44,848		317

				712


Belgium — 0.2%
Colruyt SA		40,360		2,619


Canada — 3.8%
Alimentation Couche-Tard Inc, Cl B		22,800		792
Atco Ltd/Canada, Cl I		2,993		86
B2Gold Corp		569,877		3,699
Barrick Gold Corp		118,300		3,312
BCE Inc		161,380		6,693
Centerra Gold Inc		370,402		4,295
Dundee Precious Metals Inc		87,500		625
Empire Co Ltd, Cl A		63,156		1,827
George Weston Ltd		62,221		4,561
Hydro One Ltd		59,100		1,249
Kinross Gold Corp		353,200		3,107
Kirkland Lake Gold Ltd		16,200		788
Loblaw Cos Ltd		78,026		4,073
Metro Inc/CN, Cl A		49,900		2,387
North West Co Inc/The (A)		18,600		507
Osisko Gold Royalties Ltd		93,140		1,098
Torex Gold Resources Inc *		28,674		404
Wheaton Precious Metals Corp		3,800		186
Yamana Gold Inc		70,565		400

				40,089


Denmark — 1.5%
Carlsberg A/S, Cl B		38,598		5,202
Coloplast A/S, Cl B		31,152		4,918
Genmab A/S *		3,227		1,169
Novo Nordisk A/S, Cl B		66,622		4,606

				15,895


Finland — 0.3%
Kesko Oyj, Cl B		10,644		274
Orion Oyj, Cl B		72,373		3,271

				3,545


France — 1.2%
BioMerieux		12,404		1,944
Danone SA		36,173		2,336


Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Eurofins Scientific SE		1,140	$	900
Eutelsat Communications SA		47,207		461
Orange SA		150,719		1,569
Sanofi		28,610		2,861
Sartorius Stedim Biotech		2,979		1,028
SEB SA		1,345		219
Veolia Environnement SA		40,666		877

				12,195


Germany — 1.4%
Beiersdorf AG		5,038		571
Deutsche Telekom AG		560,206		9,365
Knorr-Bremse AG		23,180		2,734
McKesson Europe AG *		874		27
Scout24		19,046		1,662
Zalando SE *		5,093		477

				14,836


Hong Kong — 1.7%
CITIC Telecom International Holdings		317,000		102
CLP Holdings Ltd, Cl B		853,156		7,953
HK Electric Investments & HK Electric
Investments Ltd		1,036,500		1,071
HKT Trust & HKT Ltd		3,509,000		4,664
Langham Hospitality Investments and
Langham Hospitality Investments Ltd ^‡		425,500		52
Miramar Hotel & Investment		49,000		82
Pacific Century Premium Developments *^‡		73,872		19
PCCW Ltd		684,000		409
Power Assets Holdings Ltd		83,500		440
Regal Hotels International Holdings Ltd		310,000		115
VTech Holdings Ltd		16,400		102
WH Group Ltd		3,363,000		2,752

				17,761


Israel — 1.3%
Bank Hapoalim BM		161,603		867
Bank Leumi Le-Israel BM		1,062,319		4,699
Check Point Software Technologies Ltd *		34,882		4,198
FIBI Holdings Ltd		1,678		38
Isracard Ltd		5		–
Israel Discount Bank Ltd, Cl A		1,018,907		2,758
Nice Ltd *		1,400		318
Radware Ltd *		17,279		419
Rami Levy Chain Stores Hashikma Marketing 2006 Ltd		3,215		222
Shufersal Ltd		18,081		142

				13,661


Italy — 0.5%
A2A SpA		879,574		1,280
DiaSorin SpA		3,646		734
Hera SpA		700,276		2,588
Iren SpA		469,415		1,208

SEI Institutional Managed Trust / Annual Report / September 30, 2020

SCHEDULE OF INVESTMENTS

September 30, 2020

Global Managed Volatility Fund (Continued)


Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Orsero SpA *		4,244	$	30

				5,840


Japan — 9.6%
Aeon Hokkaido Corp		41,700		346
Ahjikan Co Ltd		2,176		16
Araya Industrial Co Ltd		2,600		29
Arcs Co Ltd		11,200		287
Atsugi Co Ltd		11,750		63
Axial Retailing		3,600		169
Belc Co Ltd		2,200		163
Calbee Inc		9,200		303
Can Do Co Ltd		4,000		82
Cawachi Ltd		8,100		225
C’BON COSMETICS Co Ltd		1,100		21
Chugoku Electric Power Co Inc/The		49,092		614
Cosmos Pharmaceutical Corp		14,500		2,525
Create Medic Co Ltd		5,677		59
Create SD Holdings Co Ltd		7,000		245
DCM Holdings Co Ltd		44,000		605
DyDo Group Holdings Inc (A)		26,390		1,337
Earth Chemical		14,000		1,040
FALCO HOLDINGS Co Ltd		2,200		33
Fujicco		3,100		61
Fujitsu Ltd		9,600		1,313
Fujiya Co Ltd		19,300		441
G-7 Holdings Inc, Cl 7		3,034		74
Hitachi Ltd		569		19
Hokkaido Gas Co Ltd		5,200		76
Hokuto Corp		14,800		315
Itochu-Shokuhin Co Ltd		2,003		107
Japan Oil Transportation Co Ltd		2,100		54
Japan Post Holdings Co Ltd		261,800		1,780
Japan Tobacco Inc		160,200		2,920
Kaken Pharmaceutical Co Ltd		2,700		124
Kakiyasu Honten Co Ltd		6,931		172
Kameda Seika Co Ltd		600		31
Kato Sangyo Co Ltd		29,100		1,042
KDDI Corp		330,800		8,335
King Jim Co Ltd		13,600		117
Kohnan Shoji Co Ltd		4,646		181
Kyokuyo Co Ltd		5,100		135
KYORIN Holdings Inc		104,700		2,121
Life Corp		12,400		572
Lion Corp		70,700		1,454
Marubeni Corp		36,900		209
McDonald’s Holdings Co Japan Ltd		3,300		160
Medipal Holdings Corp		99,700		1,996
Ministop Co Ltd		4,700		66
Mitsubishi Shokuhin Co Ltd		6,000		158
Miyoshi Oil & Fat Co Ltd		16,300		182
Mizuho Financial Group Inc		69,140		863
Mochida Pharmaceutical Co Ltd		6,100		241


Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Morozoff Ltd		600	$	35
MS&AD Insurance Group Holdings Inc		19,100		512
Musashi Co Ltd		2,400		49
Natori Co Ltd		500		10
Nihon Chouzai Co Ltd		3,500		57
Nintendo Co Ltd		7,700		4,369
Nippon BS Broadcasting Corp		1,700		19
Nippon Flour Mills Co Ltd		93,534		1,538
Nippon Kanzai Co Ltd		10,306		195
Nippon Telegraph & Telephone Corp		397,200		8,091
Nisshin Oillio Group Ltd/The		21,352		645
Nissin Foods Holdings Co Ltd		2,400		226
Nissui Pharmaceutical Co Ltd		1,600		17
NJS Co Ltd		2,600		48
NTT DOCOMO Inc		337,100		12,423
Okinawa Cellular Telephone Co		800		31
Okinawa Electric Power Co Inc/The		64,717		1,012
Oracle Corp Japan		29,500		3,179
OUG Holdings Inc (A)		3,000		79
San Holdings Inc		3,800		47
San-A Co Ltd, Cl A		6,400		282
Secom Co Ltd		8,100		741
Seven & i Holdings Co Ltd		61,200		1,891
Shofu Inc		2,500		34
Showa Sangyo Co Ltd (A)		9,700		323
SKY Perfect JSAT Holdings Inc		20,400		89
Softbank Corp		1,211,200		13,531
Starts Proceed Investment Corp, Cl A ^‡		147		289
Step Co Ltd		4,400		67
Sugi Holdings Co Ltd		32,400		2,289
Sundrug Co Ltd		51,400		1,936
Toho Holdings Co Ltd		53,700		1,158
Tokyo Electric Power Co Holdings Inc *		488,500		1,343
Toyo Suisan Kaisha Ltd		8,800		465
Trend Micro Inc/Japan		11,900		726
Tsukada Global Holdings Inc		7,400		19
Tsuruha Holdings Inc		27,500		3,895
Unicafe Inc *		6,400		64
Unicharm Corp		29,300		1,313
United Super Markets Holdings Inc (A)		31,000		374
Valor Holdings Co Ltd		10,400		287
Vital KSK Holdings Inc		67,400		698
Welcia Holdings Co Ltd		70,000		3,069
Wowow Inc		724		19
Yamatane Corp		2,200		28
Yaoko Co Ltd		6,100		453
Yashima Denki Co Ltd		713		7

				101,453


Netherlands — 1.4%
Adyen NV *		1,029		1,896

SEI Institutional Managed Trust / Annual Report / September 30, 2020

SCHEDULE OF INVESTMENTS

September 30, 2020

Global Managed Volatility Fund (Continued)


Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Koninklijke Ahold Delhaize NV		446,803	$	13,237

				15,133


New Zealand — 0.8%
a2 Milk Co Ltd *		51,996		528
Argosy Property Ltd ^‡		136,494		123
Contact Energy Ltd		650,561		2,887
EBOS Group Ltd		8,368		136
Fisher & Paykel Healthcare Corp Ltd		55,767		1,224
Goodman Property Trust ^‡		97,407		151
Mercury NZ Ltd		95,719		324
Property for Industry Ltd ^‡		69,415		123
Sanford Ltd/NZ		10,470		39
Spark New Zealand Ltd		617,256		1,929
Stride Property Group ^‡		46,042		64
Trustpower Ltd		30,153		143
Vector Ltd		94,500		269
Warehouse Group Ltd/The		38,887		56

				7,996


Norway — 1.5%
Olav Thon Eiendomsselskap ASA ^‡		1,713		26
Orkla ASA		1,274,083		12,819
Telenor ASA		202,726		3,387

				16,232


Portugal — 0.1%
Jeronimo Martins SGPS SA		14,567		235
REN - Redes Energeticas Nacionais SGPS SA		426,813		1,185

				1,420


Singapore — 0.4%
Dairy Farm International Holdings Ltd		20,800		79
Fraser and Neave Ltd		20,400		18
Sheng Siong Group Ltd		753,374		892
Singapore Exchange Ltd		289,497		1,948
SPH REIT ^‡		107,903		70
Venture Corp Ltd		56,480		799

				3,806


Spain — 0.2%
Iberdrola SA		177,583		2,180


Sweden — 2.1%
Axfood AB		306,146		7,019
Essity AB, Cl B		52,440		1,770
Evolution Gaming Group		30,389		2,018
ICA Gruppen AB (A)		231,259		11,771

				22,578


Switzerland — 4.9%
AEVIS VICTORIA SA		1,870		26
Allreal Holding AG, Cl A ^‡		17,384		3,760
BKW AG		11,715		1,251
EMS-Chemie Holding AG		179		161
Intershop Holding AG ^‡		178		116


Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Logitech International SA		62,098	$	4,801
Nestle SA		68,221		8,121
Novartis AG		102,623		8,919
Orior AG		1,804		144
Plazza AG ^‡		133		41
PSP Swiss Property AG ^‡		18,276		2,220
Roche Holding AG		29,133		10,004
Schindler Holding AG		7,415		2,027
Sonova Holding AG		321		81
Swisscom AG		18,237		9,680
TX Group AG		491		35
Varia US Properties AG^‡		560		24
Vifor Pharma AG		1,028		140
Zug Estates Holding AG, Cl B ^‡		3		6

				51,557


United Kingdom — 2.5%
Britvic PLC		359,044		3,820
GlaxoSmithKline PLC		276,139		5,176
Hikma Pharmaceuticals PLC		30,473		1,020
J Sainsbury PLC		1,960,187		4,830
Liberty Global PLC, Cl C *		145,065		2,979
Severn Trent PLC		2,065		65
Tate & Lyle PLC		167,707		1,442
Unilever PLC		43,018		2,653
Wm Morrison Supermarkets PLC		2,062,858		4,527

				26,512


United States — 59.5%

Communication Services — 4.5%
Activision Blizzard Inc		42,770		3,462
AT&T Inc		293,180		8,359
ATN International Inc		5,459		274
Comcast Corp, Cl A		210,633		9,744
Electronic Arts Inc *		2,143		279
Facebook Inc, Cl A *		14,409		3,774
Fox Corp		47,604		1,331
John Wiley & Sons Inc, Cl A		21,827		692
Liberty Media Corp-Liberty SiriusXM *		4,532		150
Marcus Corp/The *		12,815		99
News Corp, Cl A		105,562		1,480
Omnicom Group Inc		48,405		2,396
Reading International Inc, Cl A *		9,570		31
Scholastic Corp, Cl B		53,176		1,116
Take-Two Interactive Software Inc, Cl A *		10,277		1,698
Telephone and Data Systems Inc		73,980		1,364
Verizon Communications Inc		209,891		12,486


				48,735


Consumer Discretionary — 3.7%
Acushnet Holdings Corp		23,892		803
Amazon.com Inc, Cl A *		821		2,585
American Public Education Inc *		2,618		74
Columbia Sportswear Co *		17,825		1,550

SEI Institutional Managed Trust / Annual Report / September 30, 2020

SCHEDULE OF INVESTMENTS

September 30, 2020

Global Managed Volatility Fund (Continued)


Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Dollar General Corp		53,177	$	11,147
Dollar Tree Inc *		30,392		2,776
Domino’s Pizza Inc		11,360		4,831
eBay Inc		25,241		1,315
Genuine Parts Co		38,308		3,646
Graham Holdings Co, Cl B		1,966		794
Haverty Furniture Cos Inc		2,782		58
Johnson Outdoors Inc, Cl A		2,547		209
Lowe’s Cos Inc		7,476		1,240
Lululemon Athletica Inc *		9,057		2,983
Target Corp, Cl A		30,630		4,822


				38,833


Consumer Staples — 13.7%
Archer-Daniels-Midland Co		29,351		1,365
Campbell Soup Co		94,791		4,585
Casey’s General Stores Inc		35,119		6,239
Central Garden & Pet Co, Cl A *		21,781		787
Church & Dwight Co Inc		81,755		7,661
Clorox Co/The		65,211		13,705
Coca-Cola Co/The		17,071		843
Colgate-Palmolive Co		150,909		11,643
Costco Wholesale Corp		45,630		16,199
Flowers Foods Inc		68,838		1,675
General Mills Inc		71,200		4,392
Hershey Co/The		13,773		1,974
Hormel Foods Corp		57,138		2,793
Ingles Markets Inc, Cl A		4,921		187
Inter Parfums Inc *		2,427		91
J & J Snack Foods Corp		9,922		1,294
J M Smucker Co/The		22,006		2,542
John B Sanfilippo & Son Inc		10,031		756
Kellogg Co		17,975		1,161
Kimberly-Clark Corp		77,748		11,480
Kroger Co/The		369,716		12,537
Lancaster Colony Corp		21,609		3,864
Oil-Dri Corp of America		877		31
PepsiCo Inc		54,023		7,488
Procter & Gamble Co/The		61,172		8,502
Reynolds Consumer Products Inc		7,762		238
Sprouts Farmers Market Inc *		57,204		1,197
USANA Health Sciences Inc *		34,304		2,526
Village Super Market Inc, Cl A		1,246		31
Walgreens Boots Alliance Inc		106,829		3,837
Walmart Inc		83,892		11,737
WD-40 Co		9,756		1,847
Weis Markets Inc		3,411		164


				145,371


Financials — 1.7%
1st Source Corp		2,629		81
American Business Bank *		1,245		28
Associated Banc-Corp		24,808		313


Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
BancFirst Corp		557	$	23
Bank of Hawaii Corp		7,255		366
BankFinancial Corp		10,739		78
Bankwell Financial Group Inc		905		13
Banner Corp		7,605		245
BlackRock TCP Capital Corp		135,830		1,332
Bridge Bancorp Inc		2,935		51
Brookline Bancorp Inc, Cl A		3,395		29
Bryn Mawr Bank Corp		1,455		36
Camden National Corp		4,215		127
Capital City Bank Group Inc		1,376		26
Carter Bank & Trust *		2,566		17
CBTX Inc		7,333		120
Central Pacific Financial Corp		47,503		645
Columbia Financial Inc *		32,634		362
Commerce Bancshares Inc/MO		22,837		1,285
ESSA Bancorp Inc		1,559		19
Farmers National Banc Corp		6,864		75
Fidus Investment Corp		10,855		107
Financial Institutions Inc		2,504		39
First Busey Corp		1,426		23
First Choice Bancorp		528		7
Flagstar Bancorp Inc		20,474		607
Globe Life Inc		34,915		2,790
Great Southern Bancorp Inc		2,430		88
HarborOne Bancorp Inc		51,049		412
HBT Financial Inc		1,681		19
Hilltop Holdings Inc		2,840		58
HomeTrust Bancshares Inc		9,115		124
Independent Bank Corp/MI		23,654		297
Kearny Financial Corp/MD		96,044		692
Lakeland Bancorp Inc		13,557		135
Macatawa Bank Corp		8,235		54
Mercantile Bank Corp		1,203		22
Meridian Bancorp Inc		32,046		332
National Bank Holdings Corp, Cl A		7,131		187
National Western Life Group Inc, Cl A		1,112		203
NBT Bancorp Inc		3,677		99
Northfield Bancorp Inc		5,733		52
Northwest Bancshares Inc		140,116		1,289
PCB Bancorp		4,263		37
PCSB Financial Corp		1,533		18
Preferred Bank/Los Angeles CA		5,434		175
Progressive Corp/The		7,236		685
Provident Financial Services Inc		23,073		281
Sierra Bancorp		2,169		36
Sixth Street Specialty Lending Inc		4,114		71
Solar Capital Ltd		5,619		89
Solar Senior Capital Ltd		1,301		16
Southside Bancshares Inc		1,230		30
Stock Yards Bancorp Inc		5,526		188
Territorial Bancorp Inc		3,073		62

SEI Institutional Managed Trust / Annual Report / September 30, 2020

SCHEDULE OF INVESTMENTS

September 30, 2020

Global Managed Volatility Fund (Continued)


Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
TriCo Bancshares		8,446	$	207
Trustmark Corp		36,740		787
UMB Financial Corp		763		37
Washington Federal Inc		65,899		1,375
Washington Trust Bancorp Inc		1,200		37
Waterstone Financial Inc		33,141		513
Westamerica BanCorp		3,138		171


				17,722


Health Care — 17.4%
AbbVie Inc		38,791		3,398
Agilent Technologies Inc		13,326		1,345
Alkermes PLC *		4,362		72
Amgen Inc, Cl A		31,630		8,039
Anika Therapeutics Inc *		1,403		50
Anthem Inc		14,644		3,933
Biogen Inc *		31,869		9,041
Bio-Rad Laboratories Inc, Cl A *		14,053		7,244
Bristol-Myers Squibb Co		6,365		384
Bruker Corp		12,536		498
Cerner Corp		94,334		6,819
Chemed Corp		22,030		10,582
Computer Programs and Systems Inc		16,097		444
CVS Health Corp		43,386		2,534
Danaher Corp, Cl A		27,760		5,978
DaVita Inc *		10,206		874
DexCom Inc *		3,263		1,345
Eagle Pharmaceuticals Inc/DE *		5,222		222
Eli Lilly and Co		33,277		4,926
Enanta Pharmaceuticals Inc *		8,886		407
Encompass Health Corp		111,789		7,264
Gilead Sciences Inc		138,462		8,749
Hanger Inc *		6,034		95
HCA Healthcare Inc *		14,596		1,820
Henry Schein Inc *		26,771		1,574
Hill-Rom Holdings Inc		11,182		934
Hologic Inc *		31,393		2,087
Humana Inc		18,058		7,474
IDEXX Laboratories Inc *		3,992		1,569
Jazz Pharmaceuticals PLC *		3,612		515
Johnson & Johnson		79,844		11,887
Luminex Corp		27,189		714
Medtronic PLC		46,741		4,857
Merck & Co Inc		70,841		5,876
Mettler-Toledo International Inc *		3,952		3,817
National HealthCare Corp		13,824		861
NextGen Healthcare Inc *		4,798		61
Orthofix Medical Inc *		23,077		719
PerkinElmer Inc		33,561		4,212
Pfizer Inc		263,380		9,666
Phibro Animal Health Corp, Cl A		15,377		268
Prestige Consumer Healthcare Inc, Cl A *		53,543		1,950
Quest Diagnostics Inc		41,572		4,760


Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Regeneron Pharmaceuticals Inc *		8,632	$	4,832
STERIS PLC		21,775		3,837
Thermo Fisher Scientific Inc		8,237		3,637
United Therapeutics Corp *		41,696		4,211
Universal Health Services Inc, Cl B		64,722		6,927
Vertex Pharmaceuticals Inc *		16,045		4,366
Waters Corp *		11,616		2,273
West Pharmaceutical Services Inc		16,838		4,629


				184,576


Industrials — 3.4%
Brady Corp, Cl A		40,324		1,614
CH Robinson Worldwide Inc		43,904		4,487
EMCOR Group Inc		3,503		237
Ennis Inc		25,079		437
Expeditors International of Washington Inc		72,709		6,582
Herman Miller Inc		7,188		217
JB Hunt Transport Services Inc		29,196		3,690
Lennox International Inc		6,103		1,664
Lockheed Martin Corp		14,075		5,395
Northrop Grumman Corp		9,110		2,874
Old Dominion Freight Line Inc, Cl A		2,923		529
Robert Half International Inc		27,610		1,462
Rollins Inc		72,926		3,952
Steelcase Inc, Cl A		29,982		303
TrueBlue Inc *		21,354		331
United Parcel Service Inc, Cl B		12,730		2,121


				35,895


Information Technology — 10.6%
ADTRAN Inc		28,376		291
Advanced Micro Devices Inc *		10,037		823
Agilysys Inc *		5,251		127
Akamai Technologies Inc *		2,509		277
Amdocs Ltd		108,249		6,215
Apple Inc		27,427		3,176
Arista Networks Inc *		11,746		2,431
Arrow Electronics Inc, Cl A *		10,010		787
CACI International Inc, Cl A *		10,686		2,278
Calix Inc *		37,559		668
Ciena Corp *		71,240		2,827
Cisco Systems Inc		205,947		8,112
Citrix Systems Inc		92,529		12,742
CommVault Systems Inc *		24,322		992
CSG Systems International Inc		20,554		842
Daktronics Inc *		10,459		41
Dropbox Inc, Cl A *		7,560		146
EchoStar Corp, Cl A *		26,992		672
F5 Networks Inc, Cl A *		55,477		6,811
Insight Enterprises Inc *		2,844		161
Intuit Inc		20,266		6,611
J2 Global Inc *		39,631		2,743
Juniper Networks Inc		326,774		7,026

SEI Institutional Managed Trust / Annual Report / September 30, 2020

SCHEDULE OF INVESTMENTS

September 30, 2020

Global Managed Volatility Fund (Continued)


Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
MAXIMUS Inc		19,738	$	1,350
Microsoft Corp		52,802		11,106
MicroStrategy Inc, Cl A *		8,637		1,300
Model N Inc *		1,912		67
Motorola Solutions Inc		26,022		4,080
NetApp Inc		8,364		367
NetScout Systems Inc *		66,564		1,453
NortonLifeLock Inc		125,524		2,616
Oracle Corp, Cl B		142,368		8,499
Palo Alto Networks Inc *		9,475		2,319
Progress Software Corp		42,336		1,553
QAD Inc, Cl A		9,855		416
ScanSource Inc *		3,266		65
SPS Commerce Inc *		5,695		443
Sykes Enterprises Inc *		28,022		959
Synopsys Inc *		4,871		1,042
Teradyne Inc		34,275		2,723
Viavi Solutions Inc *		103,475		1,214
Zoom Video Communications Inc, Cl A *		6,855		3,223

				111,594


Materials — 2.5%
Kaiser Aluminum Corp		14,801		793
Materion Corp		39,177		2,038
Newmont Corp		139,732		8,866
Reliance Steel & Aluminum Co		57,596		5,877
Royal Gold Inc, Cl A		57,131		6,866
Silgan Holdings Inc		40,169		1,477
SSR Mining *		32,816		613

				26,530


Real Estate — 0.0%
CTO Realty Growth Inc ^‡		905		40


Utilities — 2.0%
Alliant Energy Corp		68,107		3,518
American Electric Power Co Inc		32,389		2,647
Avista Corp		34,613		1,181
Consolidated Edison Inc		37,878		2,947
Hawaiian Electric Industries Inc		143,007		4,754


Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
MDU Resources Group Inc		32,007	$	720
NextEra Energy Inc		12,432		3,451
Otter Tail Corp		1,428		52
PPL Corp		29,631		806


				20,076

Total Common Stock (Cost $929,782) ($ Thousands)				1,023,171


PREFERRED STOCK — 0.5%

Germany — 0.5%
Henkel AG & Co KGaA (B)		46,770		4,889


Total Preferred Stock (Cost $4,723) ($ Thousands)				4,889


AFFILIATED PARTNERSHIP — 1.1%
SEI Liquidity Fund, L.P.
0.100% **^†(C)		11,888,904		11,893


Total Affiliated Partnership (Cost $11,893) ($ Thousands)				11,893


CASH EQUIVALENT — 1.4%
SEI Daily Income Trust, Government Fund, Cl F
0.010%**^†		15,236,482		15,236


Total Cash Equivalent (Cost $15,236) ($ Thousands)				15,236


Total Investments in Securities — 99.8% (Cost $961,634) ($ Thousands)			$	1,055,189

A list of the open futures contracts held by the Fund at September 30, 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		46		Dec-2020		$	1,791		$	1,723	$ (51)
FTSE 100 Index		10		Dec-2020			767			755	(16)
Hang Seng Index		2		Nov-2020			300			302	2
S&P 500 Index E-MINI		51		Dec-2020			8,486			8,548	62
SPI 200 Index		4		Dec-2020			424			416	(6)
TOPIX Index		7		Dec-2020			1,072			1,078	1

						$	12,840		$	12,822	$ (8)

SEI Institutional Managed Trust / Annual Report / September 30, 2020

SCHEDULE OF INVESTMENTS

September 30, 2020

Global Managed Volatility Fund (Continued)

A list of the open forward foreign currency contracts held by the Fund at September 30, 2020, is as follows:



Counterparty	Settlement Date			Currency to Deliver (Thousands)			Currency to Receive (Thousands)		Unrealized Appreciation (Depreciation) (Thousands)
Brown Brothers Harriman		10/19/20	USD		23	SGD		32	$	—
Brown Brothers Harriman		10/19/20	USD		4	SGD		6		—
Brown Brothers Harriman		10/19/20	USD		38	NZD		59		—
Brown Brothers Harriman		10/19/20	USD		119	NZD		178		(1)
Brown Brothers Harriman		10/19/20	USD		55	NOK		522		1
Brown Brothers Harriman		10/19/20	USD		161	NOK		1,490		(2)
Brown Brothers Harriman		10/19/20	USD		188	DKK		1,196		1
Brown Brothers Harriman		10/19/20	USD		58	DKK		365		(1)
Brown Brothers Harriman		10/19/20	USD		52	SEK		468		1
Brown Brothers Harriman		10/19/20	USD		216	SEK		1,912		(3)
Brown Brothers Harriman		10/19/20	USD		329	HKD		2,551		—
Brown Brothers Harriman		10/19/20	USD		14	HKD		110		—
Brown Brothers Harriman		10/19/20	USD		69	AUD		98		2
Brown Brothers Harriman		10/19/20	USD		356	AUD		494		(2)
Brown Brothers Harriman		10/19/20	USD		183	CAD		245		1
Brown Brothers Harriman		10/19/20	USD		334	CAD		444		(2)
Brown Brothers Harriman		10/19/20	USD		368	GBP		289		5
Brown Brothers Harriman		10/19/20	USD		154	GBP		119		—
Brown Brothers Harriman		10/19/20	USD		554	CHF		511		3
Brown Brothers Harriman		10/19/20	USD		78	CHF		71		(1)
Brown Brothers Harriman		10/19/20	USD		815	EUR		697		3
Brown Brothers Harriman		10/19/20	USD		249	EUR		210		(2)
Brown Brothers Harriman		10/19/20	SGD		1,304	USD		960		5
Brown Brothers Harriman		10/19/20	SGD		28	USD		21		—
Brown Brothers Harriman		10/19/20	USD		1,938	JPY		203,408		(10)
Brown Brothers Harriman		10/19/20	NZD		7,056	USD		4,764		100
Brown Brothers Harriman		10/19/20	NZD		193	USD		127		(1)
Brown Brothers Harriman		10/19/20	GBP		9,872	USD		12,840		78
Brown Brothers Harriman		10/19/20	GBP		267	USD		341		(3)
Brown Brothers Harriman		10/19/20	AUD		21,233	USD		15,567		350
Brown Brothers Harriman		10/19/20	AUD		528	USD		375		(4)
Brown Brothers Harriman		10/19/20	CAD		22,240	USD		16,881		230
Brown Brothers Harriman		10/19/20	CAD		595	USD		444		(1)
Brown Brothers Harriman		10/19/20	CHF		23,639	USD		26,044		298
Brown Brothers Harriman		10/19/20	CHF		526	USD		569		(4)
Brown Brothers Harriman		10/19/20	EUR		28,982	USD		34,293		298
Brown Brothers Harriman		10/19/20	EUR		523	USD		610		(3)
Brown Brothers Harriman		10/19/20	DKK		50,220	USD		7,987		72
Brown Brothers Harriman		10/19/20	DKK		1,069	USD		168		(1)
Brown Brothers Harriman		10/19/20	HKD		75,636	USD		9,756		(3)
Brown Brothers Harriman		10/19/20	NOK		75,158	USD		8,326		292
Brown Brothers Harriman		10/19/20	NOK		2,166	USD		229		(3)
Brown Brothers Harriman		10/19/20	SEK		96,752	USD		11,008		194
Brown Brothers Harriman		10/19/20	SEK		2,569	USD		285		(2)
Brown Brothers Harriman		10/19/20	JPY		5,477,794	USD		52,258		335
Brown Brothers Harriman		10/19/20	JPY		103,754	USD		982		(1)

									$	2,219

SEI Institutional Managed Trust / Annual Report / September 30, 2020

SCHEDULE OF INVESTMENTS

September 30, 2020

Global Managed Volatility Fund (Continued)

Percentages are based on Net Assets of $1,057,809 ($ Thousands).

*	Non-income producing security.

**	Rate shown is the 7-day effective yield as of September 30, 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 September 30, 2020 (see Note 10). The total market value of securities on loan at September 30, 2020, was $11,118 ($ Thousands).

(B)	There is currently no rate available.

(C)	This security was purchased with cash collateral held from securities on loan (see Note 10). The total market value of such securities as of September 30, 2020 was $11,893 ($ 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

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

TOPIX — Tokyo Price Index

USD — U.S. Dollar

The following is a list of the level of inputs used as of September 30, 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		1,023,008		163		–		1,023,171
Preferred Stock		4,889		–		–		4,889
Affiliated Partnership		–		11,893		–		11,893
Cash Equivalent		15,236		–		–		15,236

Total Investments in Securities		1,043,133		12,056		–		1,055,189

Other Financial Instruments

Level 1
($)

Level 2
($)

Level 3
($)

Total

($)

Futures Contracts*

Unrealized Appreciation

–

Unrealized Depreciation

(73)

–

(73)

Forwards Contracts*

Unrealized Appreciation

–

2,269

–

2,269

Unrealized Depreciation

–

(50)

–

(50)

Total Other Financial Instruments

(8)

2,219

–

2,211

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

For the year ended September 30, 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 year ended September 30, 2020 ($ Thousands):


Security Description	Value 9/30/2019	Purchases at Cost	Proceeds from Sales	Realized Gain/ (Loss)	Change in Unrealized Appreciation/ (Depreciation)	Value 9/30/2020	Shares	Income	Capital Gains
SEI Liquidity Fund, L.P.	$ —	$78,817	$(66,927)	$3	$ —	$11,893	11,888,904	$58	$—
SEI Daily Income Trust, Government Fund, Cl F	15,286	191,128	(191,178)	—	—	15,236	15,236,481	112	—

Totals	$15,286	$269,945	$(258,105)	$3	$ —	$27,129		$170	$—

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 / Annual Report / September 30, 2020

SCHEDULE OF INVESTMENTS

September 30, 2020

Tax-Managed Managed Volatility Fund



Description	Shares		Market Value ($ Thousands)

COMMON STOCK — 98.3%

Communication Services — 6.2%
Activision Blizzard Inc		40,408	$	3,271
Alphabet Inc, Cl A *		520		762
AT&T Inc		361,141		10,296
Comcast Corp, Cl A		15,400		713
Fox Corp		114,905		3,198
John Wiley & Sons Inc, Cl A		60,926		1,932
Madison Square Garden Entertainment Corp *		5,389		369
Madison Square Garden Sports Corp *		5,389		811
New York Times Co/The, Cl A		71,841		3,074
NTT DOCOMO Inc ADR		130,100		4,772
Quebecor Inc, Cl B		40,500		1,010
SK Telecom Co Ltd ADR		129,800		2,910
Take-Two Interactive Software Inc, Cl A *		14,286		2,360
TELUS Corp		160,200		2,810
Verizon Communications Inc		320,851		19,087


				57,375


Consumer Discretionary — 6.5%
Amazon.com Inc, Cl A *		418		1,316
AutoZone Inc *		10,000		11,776
Darden Restaurants Inc		15,105		1,522
Dick’s Sporting Goods Inc		34,895		2,020
Dollar General Corp		8,848		1,855
Dollar Tree Inc *		24,400		2,229
Dunkin’ Brands Group Inc		9,462		775
eBay Inc		140,400		7,315
frontdoor Inc *		40,760		1,586
Graham Holdings Co, Cl B		4,037		1,631
Honda Motor Co Ltd ADR (A)		143,800		3,408
McDonald’s Corp		26,822		5,887
Ollie’s Bargain Outlet Holdings Inc *		28,784		2,514
Target Corp, Cl A		68,000		10,705
Toyota Motor Corp ADR		38,500		5,099
Ulta Beauty Inc *		5,498		1,231


				60,869


Consumer Staples — 14.8%
Altria Group Inc		145,146		5,609
Bunge Ltd		21,955		1,003
Church & Dwight Co Inc		67,706		6,345
Clorox Co/The		23,930		5,029
Coca-Cola Co/The		67,958		3,355
Coca-Cola European Partners PLC		49,400		1,917
Colgate-Palmolive Co		42,209		3,256
Costco Wholesale Corp		21,849		7,756
General Mills Inc		102,310		6,311
Hershey Co/The		33,341		4,779
J M Smucker Co/The		44,277		5,115
Kellogg Co		46,100		2,978
Kimberly-Clark Corp		20,683		3,054
Kraft Heinz Co/The		129,800		3,888



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Kroger Co/The		167,744	$	5,688
Lamb Weston Holdings Inc		28,333		1,878
McCormick & Co Inc/MD		40,825		7,924
Metro Inc/CN, Cl A		58,400		2,793
PepsiCo Inc		63,903		8,857
Philip Morris International Inc		34,312		2,573
Procter & Gamble Co/The		12,577		1,748
Sanderson Farms Inc		28,200		3,327
Sysco Corp, Cl A		4,422		275
Tyson Foods Inc, Cl A		183,000		10,885
Walmart Inc		225,208		31,509


				137,852


Energy — 0.3%
Williams Cos Inc/The		118,404		2,327


Financials — 10.9%
Aflac Inc		112,800		4,100
Allstate Corp/The		65,446		6,161
American Financial Group Inc/OH		41,500		2,780
Assurant Inc		10,566		1,282
Bank of America Corp		81,537		1,964
Berkshire Hathaway Inc, Cl B *		64,800		13,798
Cboe Global Markets Inc		55,379		4,859
Chubb Ltd		12,399		1,440
CME Group Inc		23,391		3,913
Cullen/Frost Bankers Inc		10,482		670
Everest Re Group Ltd		39,096		7,723
Hanover Insurance Group Inc/The, Cl A		31,900		2,972
LPL Financial Holdings Inc		11,409		875
MarketAxess Holdings Inc		5,642		2,717
MGIC Investment Corp		141,647		1,255
Morningstar Inc, Cl A		21,864		3,512
National Bank of Canada		54,700		2,708
Progressive Corp/The		115,800		10,963
RenaissanceRe Holdings Ltd		69,181		11,743
TFS Financial Corp		149,986		2,203
Travelers Cos Inc/The		83,472		9,031
US Bancorp		33,210		1,191
Virtu Financial Inc, Cl A		55,929		1,287
White Mountains Insurance Group Ltd		2,847		2,218


				101,365

Health Care — 18.9%
AbbVie Inc		53,300		4,669
ABIOMED Inc *		10,381		2,876
Alexion Pharmaceuticals Inc *		28,766		3,292
AmerisourceBergen Corp, Cl A		14,727		1,427
Amgen Inc, Cl A		16,800		4,270
Anthem Inc		44,047		11,830
AstraZeneca PLC ADR		93,200		5,107
Baxter International Inc		42,324		3,404
Biogen Inc *		3,955		1,122

SEI Institutional Managed Trust / Annual Report / September 30, 2020

SCHEDULE OF INVESTMENTS

September 30, 2020

Tax-Managed Managed Volatility Fund (Continued)



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Bio-Rad Laboratories Inc, Cl A *		3,640	$	1,876
Bristol-Myers Squibb Co		91,300		5,504
Chemed Corp		1,680		807
Covetrus Inc *		180,687		4,409
CVS Health Corp		31,417		1,835
Eli Lilly and Co		95,629		14,155
Gilead Sciences Inc		6,772		428
Hill-Rom Holdings Inc		7,580		633
Humana Inc		30,752		12,728
Johnson & Johnson		169,533		25,240
McKesson Corp		8,957		1,334
Merck & Co Inc		247,609		20,539
Mettler-Toledo International Inc *		3,186		3,077
Pfizer Inc		598,529		21,966
Premier Inc, Cl A		56,331		1,849
Quest Diagnostics Inc		50,752		5,811
Regeneron Pharmaceuticals Inc *		4,100		2,295
UnitedHealth Group Inc		35,650		11,115
Zoetis Inc, Cl A		18,364		3,037


				176,635


Industrials — 9.5%
Allison Transmission Holdings Inc		56,275		1,978
Carrier Global Corp		50,700		1,548
CH Robinson Worldwide Inc		33,696		3,443
Cummins Inc		23,200		4,899
EMCOR Group Inc		13,365		905
General Dynamics Corp		30,100		4,167
L3Harris Technologies Inc		26,704		4,536
Landstar System Inc		11,414		1,432
Lockheed Martin Corp		23,421		8,977
Northrop Grumman Corp		37,681		11,888
Quanta Services Inc		37,697		1,993
Raytheon Technologies Corp		197,898		11,387
Republic Services Inc		146,100		13,638
Schneider National Inc, Cl B		140,087		3,464
Waste Management Inc		124,467		14,086


				88,341


Information Technology — 17.4%
Amdocs Ltd		227,100		13,038
Apple Inc		303,048		35,096
Atlassian Corp PLC, Cl A *		15,315		2,784
Automatic Data Processing Inc		14,065		1,962
Ciena Corp *		30,044		1,192
Cisco Systems Inc		306,400		12,069
Citrix Systems Inc		58,471		8,052
CSG Systems International Inc		37,600		1,540
DocuSign Inc, Cl A *		18,481		3,978
F5 Networks Inc, Cl A *		24,434		3,000
Intel Corp		307,300		15,912
Jack Henry & Associates Inc		10,939		1,778
Marvell Technology Group Ltd		26,348		1,046



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Microsoft Corp		85,745	$	18,035
Motorola Solutions Inc		87,963		13,793
NetApp Inc		46,295		2,030
NortonLifeLock Inc		173,514		3,616
Oracle Corp, Cl B		176,000		10,507
Qorvo Inc *		31,332		4,042
Synopsys Inc *		41,600		8,902


				162,372


Materials — 3.0%
AptarGroup Inc		6,262		709
Avery Dennison Corp		31,600		4,040
Axalta Coating Systems Ltd *		79,039		1,752
Corteva Inc		84,619		2,438
Newmont Corp		45,279		2,873
Royal Gold Inc, Cl A		17,767		2,135
Sealed Air Corp		136,300		5,290
Silgan Holdings Inc		110,800		4,074
Sonoco Products Co		98,300		5,020


				28,331


Real Estate — 0.6%
Equity LifeStyle Properties Inc ^‡		29,390		1,801
Medical Properties Trust Inc ^‡		125,300		2,209
SBA Communications Corp, Cl A ^‡		5,039		1,605


				5,615


Utilities — 10.2%
Ameren Corp		74,283		5,874
American Electric Power Co Inc		79,830		6,525
Consolidated Edison Inc		96,520		7,509
DTE Energy Co		38,099		4,383
Duke Energy Corp		41,536		3,678
Entergy Corp		119,200		11,745
Eversource Energy		85,584		7,151
Exelon Corp		227,300		8,128
National Fuel Gas Co		48,017		1,949
NextEra Energy Inc		34,977		9,708
Pinnacle West Capital Corp		48,930		3,648
Portland General Electric Co		73,374		2,605
Public Service Enterprise Group Inc		183,544		10,078
Southern Co/The		83,686		4,538
WEC Energy Group Inc		80,403		7,791


				95,310

Total Common Stock (Cost $540,994) ($ Thousands)				916,392

SEI Institutional Managed Trust / Annual Report / September 30, 2020

SCHEDULE OF INVESTMENTS

September 30, 2020

Tax-Managed Managed Volatility Fund (Continued)



Description	Shares		Market Value ($ Thousands)
AFFILIATED PARTNERSHIP — 0.3%
SEI Liquidity Fund, L.P.
0.100% **^†(B)		3,409,868	$	3,411


Total Affiliated Partnership (Cost $3,411) ($ Thousands)				3,411



Description	Shares		Market Value ($ Thousands)
CASH EQUIVALENT — 1.6%
SEI Daily Income Trust, Government Fund, Cl F
0.010%**^†		14,794,303	$	14,794

Total Cash Equivalent (Cost $14,794) ($ Thousands)				14,794


Total Investments in Securities — 100.2% (Cost $559,199) ($ Thousands)			$	934,597

A list of the open futures contracts held by the Fund at September 30, 2020, is as follows:



Type of Contract	Number of Contracts Long/(Short)		Expiration Date		Notional Amount (Thousands)			Value (Thousands)			Unrealized Appreciation (Depreciation) (Thousands)
S&P 500 Index E-MINI		36		Dec-2020		$	5,978		$	6,033		$ 55

Percentages are based on Net Assets of $932,292 ($ Thousands).

*	Non-income producing security.

**	Rate shown is the 7-day effective yield as of September 30, 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 September 30, 2020 (see Note 10). The total market value of securities on loan at September 30, 2020 was $3,389 ($ 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 September 30, 2020 was $3,411 ($ Thousands).

ADR	— American Depositary Receipt

— 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 September 30, 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

916,392

–

916,392

Affiliated Partnership

–

3,411

–

3,411

Cash Equivalent

14,794

–

14,794

Total Investments in Securities

931,186

3,411

–

934,597

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 year ended September 30, 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 / Annual Report / September 30, 2020

SCHEDULE OF INVESTMENTS

September 30, 2020

Tax-Managed Managed Volatility Fund (Continued)

The following is a summary of the Fund’s transactions with affiliates for the year ended September 30, 2020 ($ Thousands):


Security Description	Value 9/30/2019	Purchases at Cost	Proceeds from Sales	Realized Gain/ (Loss)	Change in Unrealized Appreciation/ (Depreciation)	Value 9/30/2020	Shares	Dividend Income	Capital Gains
SEI Liquidity Fund, L.P.	$—	$14,996	$(11,585)	$—	$—	$3,411	3,409,868	$1	$—
SEI Daily Income Trust, Government Fund, Cl F	18,322	207,576	(211,104)	—	—	14,794	14,794,303	161	—

Totals	$18,322	$222,572	$(222,689)	$—	$—	$18,205		$162	$—

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 / Annual Report / September 30, 2020

SCHEDULE OF INVESTMENTS

September 30, 2020

Tax-Managed International Managed Volatility Fund



Description	Shares		Market Value ($ Thousands)

COMMON STOCK — 97.1%

Australia — 4.6%
Abacus Property Group ^‡		87,074	$	183
AGL Energy Ltd		297,265		2,908
ASX Ltd		5,643		329
Aurizon Holdings Ltd		362,498		1,108
AusNet Services		199,749		270
Bendigo & Adelaide Bank		74,373		323
Chorus		31,346		178
Coca-Cola Amatil Ltd		156,627		1,073
Coles Group Ltd		62,857		769
CSL Ltd		5,661		1,171
Fortescue Metals Group Ltd		63,764		749
Harvey Norman Holdings Ltd		399,926		1,305
Inghams Group Ltd		312,755		670
IVE Group		410,803		226
Medibank Pvt		75,529		136
Newcrest Mining Ltd		43,068		965
Orica Ltd		11,550		128
REA Group Ltd		3,994		316
Rio Tinto Ltd		6,665		452
Sonic Healthcare Ltd		25,082		598
Telstra Corp Ltd, Cl B		672,122		1,352
Treasury Wine Estates Ltd		11,727		76
Wesfarmers Ltd		36,388		1,164
Woolworths Group Ltd		25,880		677

				17,126


Austria — 0.8%
CA Immobilien Anlagen AG		4,737		140
Erste Group Bank AG *		11,262		235
EVN AG		6,728		113
Mayr Melnhof Karton		3,308		576
Oesterreichische Post AG (A)		31,141		1,048
S IMMO AG *^‡		9,548		163
Telekom Austria AG, Cl A		81,520		576
UNIQA Insurance Group AG		19,214		116
Verbund AG ^‡		1,545		85
Vienna Insurance Group Wiener Versicherung Gruppe		4,367		98

				3,150

Belgium — 1.8%
Ageas		14,061		575
Colruyt SA		62,696		4,068
Proximus SADP		29,169		532
UCB SA, Cl A		11,676		1,326

				6,501


Canada — 2.2%
Bank of Nova Scotia/The, Cl C		8,211		340
Canadian Imperial Bank of Commerce (A)		11,344		845
Canadian Tire Corp Ltd, Cl A		16,478		1,655
Empire Co Ltd, Cl A		34,897		1,010
Loblaw Cos Ltd		25,927		1,353



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
TELUS Corp		166,057	$	2,913

				8,116


Denmark — 2.4%
Carlsberg A/S, Cl B		10,243		1,381
Coloplast A/S, Cl B		10,603		1,674
Danske Bank A/S		66,654		904
Genmab A/S *		2,390		866
Jyske Bank A/S		16,645		469
Novo Nordisk A/S, Cl B		13,961		965
Orsted A/S		4,450		611
Royal Unibrew A/S		2,426		249
RTX		3,573		121
Scandinavian Tobacco Group A/S		73,722		1,094
Solar, Cl B		3,143		149
Sydbank A/S		22,507		353
United International Enterprises		564		119

				8,955


Finland — 1.6%
Aktia Bank *		28,060		304
Aspo		3,559		26
Elisa Oyj		16,758		987
Kemira		39,789		507
Kesko Oyj, Cl B		61,076		1,575
Orion Oyj, Cl B		35,070		1,585
TietoEVRY		27,669		766

				5,750


France — 7.9%
ABC arbitrage		14,654		127
BioMerieux		6,593		1,033
BNP Paribas SA		3,636		132
Caisse Regionale de Credit Agricole Mutuel de Paris et d’Ile-de-France		446		37
Caisse Regionale De Credit Agricole Mutuel Toulouse 31 *		779		78
Carrefour SA		76,956		1,233
Casino Guichard Perrachon SA (A)		17,920		435
Cie Generale des Etablissements Michelin SCA		17,170		1,831
Credit Agricole		22,471		197
Danone SA		9,084		587
Engie SA		210,873		2,820
Eutelsat Communications SA		68,569		669
Hermes International		936		806
Lagardere SCA (A)		8,153		203
Laurent-Perrier		859		71
LNA Sante SA		2,819		157
Metropole Television SA		32,664		391
Orange SA		300,216		3,125
Pernod Ricard SA		6,112		975
Peugeot		5,473		99
Prodware *		6,476		44

SEI Institutional Managed Trust / Annual Report / September 30, 2020

SCHEDULE OF INVESTMENTS

September 30, 2020

Tax-Managed International Managed Volatility Fund (Continued)



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
PSB Industries SA		1,729	$	32
Sanofi		73,025		7,302
Sartorius Stedim Biotech		3,911		1,350
SCOR SE		4,791		133
SEB SA		6,923		1,127
Societe BIC SA		23,114		1,213
Suez		20,846		386
TOTAL SA		17,502		597
Veolia Environnement SA		40,694		878
Virbac *		506		117
Vivendi SA		28,012		779
Voyageurs du Monde *		1,147		75

				29,039


Germany — 6.3%
Aareal Bank		3,966		80
adidas AG		3,317		1,071
Aroundtown SA ^‡		21,011		106
Bayer AG		1,510		93
Beiersdorf AG		1,062		120
Deutsche Post AG		30,735		1,398
Deutsche Telekom AG		197,706		3,305
Freenet AG		36,201		733
Gerresheimer		885		99
Hannover Rueck SE		3,395		525
Henkel AG & Co KGaA		5,568		521
HOCHTIEF		2,107		164
Hornbach Holding AG & Co KGaA		11,769		1,373
Knorr-Bremse AG		9,277		1,094
Merck KGaA		27,890		4,062
METRO AG		66,607		665
Muenchener Rueckversicherungs-
Gesellschaft AG in Muenchen		13,277		3,361
SAP SE		1,022		159
Scout24		7,491		654
Siemens Healthineers AG		6,608		296
Sirius Real Estate Ltd ^‡		87,389		82
Talanx		3,767		121
Uniper SE		47,874		1,542
United Internet AG		8,248		315
Vonovia SE ^‡		5,398		370
Zalando SE *		9,917		928

				23,237


Hong Kong — 3.4%
Chevalier International Holdings		48,000		56
China Motor Bus Co Ltd ^‡		9,200		120
Chong Hing Bank		132,000		153
CK Hutchison Holdings Ltd		158,000		957
CK Infrastructure Holdings Ltd		74,000		348
CLP Holdings Ltd, Cl B		246,500		2,298
Convenience Retail Asia		224,000		116
Dah Sing Banking Group Ltd		330,400		287



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Harbour Centre Development ^‡		64,000	$	61
HK Electric Investments & HK Electric Investments Ltd		1,751,500		1,809
HKT Trust & HKT Ltd		701,000		932
Hutchison Telecommunications Hong Kong Holdings		786,000		121
Kerry Properties Ltd ^‡		265,500		683
Lee & Man Paper Manufacturing Ltd		697,000		507
New World Development ^‡		23,500		115
Orange Sky Golden Harvest Entertainment Holdings *		685,000		15
Pacific Century Premium Developments *^‡		124,308		32
Pacific Textiles Holdings		898,000		419
PCCW Ltd		1,151,000		687
Power Assets Holdings Ltd		77,500		408
Regal Hotels International Holdings Ltd		74,000		28
VTech Holdings Ltd		218,700		1,362
WH Group Ltd		1,120,500		917

				12,431


Ireland — 0.6%
ICON PLC *		4,853		927
Irish Residential Properties REIT ^‡		72,221		120
Kerry Group PLC, Cl A		9,695		1,244

				2,291


Israel — 1.4%
Albaad Massuot Yitzhak *		8,411		197
Bank Hapoalim BM		156,778		841
Bank Leumi Le-Israel BM		56,853		251
Check Point Software Technologies Ltd *		10,031		1,207
FIBI Holdings Ltd		3,995		91
First International Bank of Israel		4,476		93
Isras Investment Co Ltd ^‡		1,037		159
Kerur Holdings Ltd		4,093		117
Mizrahi Tefahot Bank Ltd		48,726		867
Nice Ltd *		3,697		840
Radware Ltd *		12,012		291
Shufersal Ltd		26,493		208

				5,162


Italy — 2.3%
A2A SpA		695,407		1,012
ACEA		59,430		1,251
Assicurazioni Generali SpA *		45,214		637
DiaSorin SpA		3,720		749
Enel SpA		234,371		2,034
Hera SpA		310,521		1,148
Terna Rete Elettrica Nazionale SpA		41,453		290
UnipolSai Assicurazioni		536,540		1,400

				8,521

SEI Institutional Managed Trust / Annual Report / September 30, 2020

SCHEDULE OF INVESTMENTS

September 30, 2020

Tax-Managed International Managed Volatility Fund (Continued)



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)

Japan — 27.1%

Communication Services — 4.6%
Kakaku.com Inc		16,800	$	442
KDDI Corp		154,900		3,903
Nintendo Co Ltd		1,400		794
Nippon Telegraph & Telephone Corp		248,100		5,054
Nippon Television Holdings		88,100		945
NTT DOCOMO Inc		97,200		3,582
Okinawa Cellular Telephone Co		3,100		118
Proto Corp		12,200		147
Softbank Corp		153,700		1,717


				16,702


Consumer Discretionary — 4.0%
Ainavo Holdings		12,200		105
Bandai Namco Holdings Inc		8,500		622
Bridgestone		36,000		1,135
Choushimaru Co Ltd		10,500		116
DCM Holdings Co Ltd		171,400		2,359
EDION Corp (A)		101,700		1,063
FJ Next Co Ltd		16,100		137
Hard Off		12,300		82
Honda Motor Co Ltd		23,500		554
Keiyo Co Ltd		98,800		824
Kohnan Shoji Co Ltd		9,700		378
Komeri Co Ltd		17,500		553
K’s Holdings Corp		7,500		101
McDonald’s Holdings Co Japan Ltd		34,900		1,695
Mizuno		6,300		114
Nitori Holdings		6,700		1,391
Ootoya Holdings Co Ltd		100		3
Paris Miki Holdings Inc		7,600		21
Sankyo Co Ltd		10,600		278
Sekisui House		39,400		695
SPK Corp		9,000		131
SRS Holdings Co Ltd (A)		12,500		109
Takihyo		3,000		54
Toyota Motor Corp		30,900		2,037
Yellow Hat Ltd		11,200		187
ZOZO Inc		3,700		103


				14,847


Consumer Staples — 5.3%
Aeon Co Ltd, Cl H		11,200		301
Ain Holdings		1,800		126
Arcs Co Ltd		55,700		1,426
Axial Retailing		2,300		108
Chuo Gyorui		4,200		109
Cosmos Pharmaceutical Corp		900		157
Create SD Holdings Co Ltd		2,800		98
Dairei (A)		6,300		134
Earth		5,000		372
Heiwado		10,900		235



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Japan Tobacco Inc		96,800	$	1,765
J-Oil Mills		2,700		101
Kadoya Sesame Mills Inc		2,600		98
Kao Corp		12,100		905
Kato Sangyo Co Ltd		8,700		312
Kobayashi Pharmaceutical		2,700		261
Kyokuyo Co Ltd		3,800		101
Life Corp		5,600		258
Lion Corp		41,800		860
Matsumotokiyoshi Holdings Co Ltd		2,900		106
MEIJI Holdings Co Ltd		1,200		92
Ministop Co Ltd		7,100		100
Mitsubishi Shokuhin Co Ltd		41,100		1,082
Miyoshi Oil & Fat Co Ltd		10,200		114
Nippon Flour Mills Co Ltd		50,500		830
Nisshin Oillio Group Ltd/The		29,900		903
Nitto Fuji Flour Milling Co Ltd		4,000		246
OUG Holdings Inc (A)		4,800		126
San-A Co Ltd, Cl A		2,500		110
Seven & i Holdings Co Ltd		56,200		1,737
Showa Sangyo Co Ltd (A)		7,300		243
Sugi Holdings Co Ltd		6,300		445
Sundrug Co Ltd		18,600		701
Toyo Suisan Kaisha Ltd		22,800		1,205
Tsuruha Holdings Inc		6,600		935
Unicharm Corp		2,800		125
Valor Holdings Co Ltd		37,400		1,034
Welcia Holdings Co Ltd		17,600		772
Yamaya Corp (A)		4,900		99
Yamazaki Baking Co Ltd		21,300		372
Yaoko Co Ltd		3,000		223
Yuasa Funashoku Co Ltd		4,560		130


				19,457


Energy — 0.7%
Itochu Enex Co Ltd		68,900		634
Iwatani		29,200		1,094
JXTG Holdings Inc		264,400		940


				2,668


Financials — 2.7%
Aozora Bank Ltd (A)		13,600		225
Japan Post Bank Co Ltd		55,100		429
Japan Post Holdings Co Ltd		184,300		1,253
Mizuho Financial Group Inc		296,680		3,702
MS&AD Insurance Group Holdings Inc		7,800		209
ORIX		68,100		845
Resona Holdings		92,800		315
Sumitomo Mitsui Financial Group Inc		54,800		1,521
Sumitomo Mitsui Trust Holdings		26,300		698
Yamaguchi Financial Group		113,000		734


				9,931

SEI Institutional Managed Trust / Annual Report / September 30, 2020

SCHEDULE OF INVESTMENTS

September 30, 2020

Tax-Managed International Managed Volatility Fund (Continued)



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)

Health Care — 2.5%
Astellas Pharma Inc		172,200	$	2,564
Biofermin Pharmaceutical		3,900		94
Daiichi Sankyo Co Ltd		7,500		230
Hoya Corp		1,500		169
Kaken Pharmaceutical Co Ltd		22,700		1,040
KYORIN Holdings Inc		22,500		456
M3 Inc		7,000		433
Medipal Holdings Corp		44,900		899
Mochida Pharmaceutical Co Ltd		5,300		210
Nichi-iko Pharmaceutical		24,500		278
Sawai Pharmaceutical		3,500		176
Shionogi & Co Ltd		7,200		385
Suzuken Co Ltd/Aichi Japan		14,500		553
Toho Holdings Co Ltd		57,100		1,231
Towa Pharmaceutical		15,000		301
Vital KSK Holdings Inc		10,300		107
ZERIA Pharmaceutical		6,300		120


				9,246


Industrials — 3.0%
COMSYS Holdings Corp		6,300		175
Daiichi Kensetsu		8,500		144
Daiohs Corp		3,400		32
Inaba Denki Sangyo Co Ltd		50,800		1,272
ITOCHU Corp		124,300		3,176
Japan Airlines Co Ltd		13,100		245
Kamigumi Co Ltd		84,600		1,665
Kinden Corp		11,400		201
Kyowa Exeo Corp		8,300		217
Mitsui & Co Ltd		43,600		748
Nippo Corp		57,200		1,577
Nippon Kanzai Co Ltd		5,500		104
Sankyu		22,800		896
Shibusawa Warehouse Co Ltd/The		7,200		161
Shin-Keisei Electric Railway Co Ltd (A)		4,800		111
Yasuda Logistics Corp		19,800		178
Zaoh		8,700		122


				11,024


Information Technology — 1.4%
Canon Inc		19,200		318
FUJIFILM Holdings Corp		47,300		2,331
Fujitsu Ltd		5,200		711
Oracle Corp Japan		8,100		873
Otsuka Corp		14,600		747
Trend Micro Inc/Japan		1,900		116


				5,096


Materials — 1.5%
Daiki Aluminium Industry Co Ltd		26,000		139
EMS-Chemie Holding AG		1,134		1,018
Kaneka Corp		14,300		401



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Kurimoto Ltd		7,200	$	130
Lintec		36,400		847
Rengo		107,600		812
Sumitomo Osaka Cement Co Ltd		21,600		698
Teijin Ltd		105,800		1,639


				5,684


Real Estate — 0.7%
AEON REIT Investment ^‡		871		1,005
Daito Trust Construction Co Ltd		3,800		336
Daiwa Securities Living Investments ^‡		792		818
Keihanshin Building Co Ltd ^‡		19,000		308


				2,467


Utilities — 0.7%
Chubu Electric Power Co Inc		104,700		1,273
Chugoku Electric Power Co Inc/The		67,900		850
Hokkaido Electric Power		24,100		103
Hokkaido Gas Co Ltd		9,800		144
Okinawa Electric Power Co Inc/The		11,851		185


				2,555

				99,677


Netherlands — 2.8%
ABN AMRO Bank NV		35,381		297
Amsterdam Commodities NV		9,992		219
Koninklijke Ahold Delhaize NV		191,417		5,671
Koninklijke KPN NV		149,765		352
Koninklijke Vopak NV		17,716		1,000
NN Group NV		60,246		2,262
Signify NV		16,444		610
Sligro Food Group NV		6,463		116

				10,527


New Zealand — 1.2%
a2 Milk Co Ltd *		7,092		72
Chorus Ltd		57,800		331
Contact Energy Ltd		77,352		343
Fisher & Paykel Healthcare Corp Ltd		95,569		2,097
Goodman Property Trust ^‡		149,541		232
Mercury NZ Ltd		214,169		725
Meridian Energy		56,928		187
Spark New Zealand Ltd		98,605		308

				4,295


Norway — 0.9%
Austevoll Seafood ASA		41,885		348
DNB ASA, Cl A *		22,448		309
Orkla ASA		117,934		1,186
SpareBank 1 SR-Bank *		17,208		142
Telenet Group Holding NV		13,557		527
Telenor ASA		41,199		688

				3,200

SEI Institutional Managed Trust / Annual Report / September 30, 2020

SCHEDULE OF INVESTMENTS

September 30, 2020

Tax-Managed International Managed Volatility Fund (Continued)



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)

Portugal — 0.3%
Jeronimo Martins SGPS SA		33,193	$	534
REN-Redes Energeticas Nacionais SGPS SA		86,292		240
Sonae SGPS		277,201		188

				962


Singapore — 1.8%
Ascott Residence Trust ^‡		174,874		115
Dairy Farm International Holdings Ltd		26,500		100
DBS Group Holdings Ltd		131,500		1,931
Great Eastern Holdings		7,800		104
Haw Par		17,800		122
Mapletree Industrial Trust ^‡		103,900		246
Mapletree Logistics Trust ^‡		224,370		337
Sheng Siong Group Ltd		246,900		292
Singapore Exchange Ltd		144,400		972
Singapore Telecommunications Ltd		167,400		261
SPH REIT ^‡		128,100		83
United Overseas Bank Ltd		54,600		764
Venture Corp Ltd		25,600		362
Wilmar International Ltd		124,500		404
Yangzijiang Shipbuilding Holdings Ltd		805,600		586

				6,679


Spain — 3.2%
Cia de Distribucion Integral Logista Holdings		48,024		824
Ebro Foods SA		76,672		1,786
Endesa SA		163,169		4,359
Grifols SA		33,589		966
Iberdrola SA		315,637		3,875
Red Electrica Corp SA		10,044		188

				11,998


Sweden — 2.8%
Axfood AB		54,195		1,243
Epiroc AB, Cl B		21,001		292
Essity AB, Cl B		39,697		1,340
Evolution Gaming Group		9,052		601
ICA Gruppen AB (A)		52,745		2,685
KNOW IT AB		10,862		276
Nyfosa *^‡		18,745		167
Resurs Holding AB		126,143		654
Samhallsbyggnadsbolaget i Norden ^‡		93,792		285
Svenska Cellulosa AB SCA, Cl B		11,438		165
Swedish Match AB		30,638		2,505

				10,213


Switzerland — 9.1%
Alcon Inc		3,374		192
Allreal Holding AG, Cl A ^‡		1,806		391
ALSO Holding AG		606		161
Baloise Holding AG		6,068		894
Banque Cantonale Vaudoise		1,350		138
Barry Callebaut AG		129		287



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Basellandschaftliche Kantonalbank		306	$	304
Berner Kantonalbank AG		473		119
BKW AG		22,015		2,351
Chocoladefabriken Lindt & Spruengli AG		42		355
dormakaba Holding		1,086		589
Emmi		110		110
Forbo Holding		82		135
Givaudan SA		75		324
Helvetia Holding		13,567		1,157
Idorsia Ltd *		3,040		82
Intershop Holding AG ^‡		203		132
Logitech International SA		14,441		1,117
Mobimo Holding AG ^‡		340		100
Nestle SA		10,269		1,222
Novartis AG		39,456		3,429
Orior AG		2,561		205
PSP Swiss Property AG ^‡		4,712		572
Roche Holding AG		26,562		9,121
Romande Energie Holding SA		76		91
Schindler Holding AG		2,723		744
Sika AG		2,966		729
Sonova Holding AG		3,848		973
Swiss Life Holding AG		5,271		2,000
Swiss Prime Site AG ^‡		5,236		476
Swisscom AG		4,047		2,148
Thurgauer Kantonalbank		927		107
TX Group AG		1,296		94
Valiant Holding AG		8,767		740
Valora Holding AG		773		144
Vaudoise Assurances Holding		217		108
Zurich Insurance Group AG		4,407		1,538

				33,379


United Kingdom — 12.0%
3i Group		62,495		805
AstraZeneca PLC		9,910		1,084
Atalaya Mining *		70,542		151
Auto Trader Group PLC		111,589		812
BAE Systems PLC		366,111		2,275
Berkeley Group Holdings PLC		7,815		426
British American Tobacco PLC		56,327		2,026
Britvic PLC		39,840		424
BT Group PLC, Cl A		1,231,932		1,564
Bunzl PLC		25,929		839
CareTech Holdings		22,562		126
Coca-Cola HBC AG		7,744		192
Computacenter PLC		3,837		118
Craneware PLC		4,479		90
Cranswick PLC		2,824		133
Diageo PLC		27,018		929
Direct Line Insurance Group		221,220		771
Duke Royalty		373,636		111
Finsbury Food Group PLC		134,390		98

SEI Institutional Managed Trust / Annual Report / September 30, 2020

SCHEDULE OF INVESTMENTS

September 30, 2020

Tax-Managed International Managed Volatility Fund (Continued)



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Genus		9,293	$	463
GlaxoSmithKline PLC		317,926		5,959
Hikma Pharmaceuticals PLC		6,241		209
Imperial Brands PLC		163,965		2,899
Inchcape PLC		140,680		800
Intertek Group PLC		11,704		955
J Sainsbury PLC		729,517		1,798
Kingfisher PLC		224,915		862
National Express Group PLC		212,200		419
National Grid PLC		44,069		507
Next PLC, Cl A		4,741		363
QinetiQ Group PLC		414,692		1,485
Rentokil Initial		48,822		337
Sage Group PLC/The		96,484		896
ScS Group		48,694		128
Severn Trent PLC		43,985		1,386
Smith & Nephew PLC		20,786		407
SSE PLC		14,465		225
Tate & Lyle PLC		323,945		2,785
Telecom Plus PLC		13,687		236
Tesco PLC		898,804		2,469
Total Produce *		80,373		107
Tracsis		13,619		100
Unilever PLC		21,167		1,305
United Utilities Group PLC, Cl B		12,792		141
Vodafone Group PLC		418,234		557
Warehouse Reit PLC ^‡		84,224		121
Wm Morrison Supermarkets PLC		1,467,501		3,220
YouGov		14,322		157

				44,270


United States — 0.6%
Atlantica Sustainable Infrastructure		40,477		1,158
Coca-Cola European Partners PLC		13,503		524
QIAGEN NV *(A)		10,470		547
Taro Pharmaceutical Industries Ltd *		2,639		145

				2,374

Total Common Stock (Cost $316,334) ($ Thousands)				357,853


PREFERRED STOCK — 0.7%

Germany — 0.7%
FUCHS PETROLUB SE (B)		19,169		971
Henkel AG & Co KGaA (B)		15,857		1,658

Total Preferred Stock (Cost $2,222) ($ Thousands)				2,629



Description	Shares		Market Value ($ Thousands)

AFFILIATED PARTNERSHIP — 2.3%
SEI Liquidity Fund, L.P.
0.100% **^†(C)		8,300,062	$	8,302


Total Affiliated Partnership (Cost $8,303) ($ Thousands)				8,302


CASH EQUIVALENT — 0.7%
SEI Daily Income Trust, Government Fund, Cl F
0.010%**^†		2,764,377		2,764


Total Cash Equivalent (Cost $2,764) ($ Thousands)				2,764


Total Investments in Securities — 100.8% (Cost $329,623) ($ Thousands)			$	371,548

SEI Institutional Managed Trust / Annual Report / September 30, 2020

SCHEDULE OF INVESTMENTS

September 30, 2020

Tax-Managed International Managed Volatility Fund (Continued)

A list of the open futures contracts held by the Fund at September 30, 2020, is as follows:



Type of Contract	Number of Contracts Long		Expiration Date		Notional Amount (Thousands)		Value (Thousands)		Unrealized Depreciation (Thousands)
Euro STOXX 50		20		Dec-2020	$	767	$	749	$	(14)
FTSE 100 Index		5		Dec-2020		376		378		(2)
Hang Seng Index		1		Nov-2020		151		151		–
SPI 200 Index		3		Dec-2020		319		312		(5)
TOPIX Index		3		Dec-2020		464		462		(2)

					$	2,077	$	2,052	$	(23)

Percentages are based on Net Assets of $368,505 ($ Thousands).

*	Non-income producing security.

**	Rate shown is the 7-day effective yield as of September 30, 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 September 30, 2020 (see Note 10). The total market value of securities on loan at September 30, 2020 was $7,433 ($ Thousands).

(B)	There is currently no rate available.

(C)	This security was purchased with cash collateral held from securities on loan (see Note 10). The total market value of such securities as of September 30, 2020 was $8,302 ($ Thousands).

Cl — Class

FTSE — Financial Times and Stock Exchange

L.P. — Limited Partnership

PLC — Public Limited Company

SPI — Share Price Index

TOPIX — Tokyo Price Index

The following is a list of the level of inputs used as of September 30, 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		357,853			–		–		357,853
Preferred Stock		2,629			–		–		2,629
Affiliated Partnership		–			8,302		–		8,302
Cash Equivalent		2,764			–		–		2,764

Total Investments in Securities		363,246			8,302		–		371,548



Other Financial Instruments	Level 1 ($)			Level 2 ($)		Level 3 ($)		Total ($)
Futures Contracts *
Unrealized Depreciation		(23	)		—		—		(23	)

Total Other Financial Instruments		(23	)		—		—		(23	)

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

For the year ended September 30, 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 year ended September 30, 2020 ($ Thousands):



Security Description	Value 9/30/2019	Purchases at Cost	Proceeds from Sales	Realized Gain/ (Loss)	Change in Unrealized Appreciation/ (Depreciation)	Value 9/30/2020	Shares	Income	Capital Gains
SEI Liquidity Fund, L.P.	$—	$35,898	$(27,594)	$(1)	$(1)	$8,302	8,300,062	$23	$—
SEI Daily Income Trust, Government Fund, Cl F	9,481	65,086	(71,803)	—	—	2,764	2,764,377	56	—

Totals	$9,481	$100,984	$(99,397)	$(1)	$(1)	$11,066		$79	$—

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 / Annual Report / September 30, 2020

SCHEDULE OF INVESTMENTS

September 30, 2020

Real Estate Fund



Description	Shares		Market Value ($ Thousands)
COMMON STOCK — 98.1%
Real Estate — 98.1%
American Assets Trust Inc ^‡		27,800	$	670
American Campus Communities Inc ^‡		11,460		400
American Homes 4 Rent, Cl A ^‡		32,980		939
American Tower Corp, Cl A ^‡		17,390		4,204
Americold Realty Trust ^‡		17,240		616
Apple Hospitality Inc ^‡		92,363		888
AvalonBay Communities Inc ^‡		20,029		2,991
Brixmor Property Group Inc ^‡		90,822		1,062
Columbia Property Trust Inc ^‡		53,114		579
Cousins Properties Inc ^‡		58,580		1,675
CubeSmart ^‡		90,680		2,930
CyrusOne Inc ^‡		9,410		659
DiamondRock Hospitality Co ^‡		45,821		232
Digital Realty Trust Inc, Cl A ^‡		28,210		4,140
Diversified Healthcare Trust ^‡		50,720		179
Douglas Emmett Inc ^‡		38,700		971
Duke Realty Corp ^‡		48,000		1,771
Empire State Realty Trust Inc, Cl A ^‡		114,391		700
Equinix Inc ^‡		11,660		8,863
Equity LifeStyle Properties Inc ^‡		14,150		867
Equity Residential ^‡		59,000		3,028
Essex Property Trust Inc ^‡		4,477		899
Extra Space Storage Inc ^‡		13,293		1,422
First Industrial Realty Trust Inc ^‡		29,570		1,177
Healthpeak Properties Inc ^‡		141,090		3,831
Host Hotels & Resorts Inc ^‡		120,383		1,299
Independence Realty Trust ^‡		33,420		387
Invitation Homes Inc ^‡		171,690		4,806
JBG SMITH Properties ^‡		69,072		1,847
Kilroy Realty Corp ^‡		21,480		1,116
Life Storage Inc ^‡		24,034		2,530
Mid-America Apartment Communities Inc ^‡		28,285		3,280
Outfront Media Inc ^‡		33,650		490
Prologis Inc ^‡		77,580		7,806
Regency Centers Corp ^‡		32,366		1,231
Retail Opportunity Investments Corp ^‡		55,401		577
Retail Properties of America Inc, Cl A ^‡		182,665		1,061
Rexford Industrial Realty Inc ^‡		19,380		887



Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Ryman Hospitality Properties Inc ^‡		13,220	$	486
Sabra Health Care Inc ^‡		52,646		726
SBA Communications Corp, Cl A ^‡		7,850		2,500
Simon Property Group Inc ^‡		28,310		1,831
SL Green Realty Corp ^‡		8,750		406
STAG Industrial Inc ^‡		29,660		904
Sun Communities Inc ^‡		10,260		1,443
UDR Inc ^‡		56,900		1,856
Urban Edge Properties ^‡		74,392		723
Ventas Inc ^‡		51,760		2,172
VEREIT Inc ^‡		230,000		1,495
Weingarten Realty Investors ^‡		26,612		451
Welltower Inc ^‡		35,870		1,976


Total Common Stock (Cost $80,082) ($ Thousands)				89,979

CASH EQUIVALENT — 1.3%
SEI Daily Income Trust, Government Fund, Cl F
0.010%**^†		1,153,321		1,153


Total Cash Equivalent (Cost $1,153) ($ Thousands)				1,153


Total Investments in Securities — 99.4% (Cost $81,235) ($ Thousands)			$	91,132

Percentages are based on Net Assets of $91,685 ($ Thousands).

*	Non-income producing security.

**	Rate shown is the 7-day effective yield as of September 30, 2020.

^‡	Real Estate Investment Trust.

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

Cl — Class

As of September 30, 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 year ended September 30, 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 year ended September 30, 2020 ($ Thousands):



Security Description	Value 9/30/2019	Purchases at Cost	Proceeds from Sales	Realized Gain/ (Loss)	Change in Unrealized Appreciation/ (Depreciation)	Value 9/30/2020	Shares	Income	Capital Gains
SEI Daily Income Trust, Government Fund, Cl F	$1,838	$ 44,491	$(45,176)	$ -	$ -	$1,153	1,153,321	$22	$-

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 / Annual Report / September 30, 2020

CONSOLIDATED SCHEDULE OF INVESTMENTS

September 30, 2020

Dynamic Asset Allocation Fund



Description	Shares		Market Value ($ Thousands)

COMMON STOCK — 95.1%

Communication Services — 10.3%
Activision Blizzard Inc		20,500	$	1,659
Alphabet Inc, Cl A *		7,901		11,580
Alphabet Inc, Cl C *		7,704		11,322
AT&T Inc		186,003		5,303
CenturyLink Inc		25,357		256
Charter Communications Inc, Cl A *		3,900		2,435
Comcast Corp, Cl A		119,080		5,509
Discovery Inc, Cl A *		4,129		90
Discovery Inc, Cl C *		7,885		154
DISH Network Corp, Cl A *		6,473		188
Electronic Arts Inc *		7,728		1,008
Facebook Inc, Cl A *		62,871		16,466
Fox Corp		12,553		350
Interpublic Group of Cos Inc/The		9,997		167
Live Nation Entertainment Inc *		3,600		194
Netflix Inc *		11,481		5,741
News Corp, Cl A		9,630		135
News Corp, Cl B		2,600		36
Omnicom Group Inc		5,369		266
Take-Two Interactive Software Inc, Cl A *		2,900		479
T-Mobile US Inc *		15,400		1,761
Twitter Inc *		21,100		939
Verizon Communications Inc		108,098		6,431
ViacomCBS Inc, Cl B		15,220		426
Walt Disney Co/The		47,150		5,850


				78,745


Consumer Discretionary — 11.0%
Advance Auto Parts Inc		1,794		275
Amazon.com Inc, Cl A *		11,146		35,096
Aptiv PLC		6,841		627
AutoZone Inc *		625		736
Best Buy Co Inc		6,178		687
Booking Holdings Inc *		1,050		1,796
BorgWarner Inc		5,201		201
CarMax Inc *		4,056		373
Carnival Corp		14,380		218
Chipotle Mexican Grill Inc, Cl A *		767		954
Darden Restaurants Inc		3,234		326
Dollar General Corp		6,573		1,378
Dollar Tree Inc *		6,085		556
Domino’s Pizza Inc		1,000		425
DR Horton Inc		8,486		642
eBay Inc		17,747		925
Etsy Inc *		3,000		365
Expedia Group Inc		3,415		313
Ford Motor Co		104,776		698
Gap Inc/The		4,998		85
Garmin Ltd		4,004		380
General Motors Co		33,577		993
Genuine Parts Co		3,704		352
Hanesbrands Inc		9,067		143



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Hasbro Inc		3,298	$	273
Hilton Worldwide Holdings Inc		7,100		606
Home Depot Inc/The		28,082		7,799
L Brands Inc		6,208		197
Las Vegas Sands Corp		8,500		397
Leggett & Platt Inc		3,265		134
Lennar Corp, Cl A		6,974		570
LKQ Corp *		6,800		188
Lowe’s Cos Inc		19,745		3,275
Marriott International Inc/MD, Cl A		7,151		662
McDonald’s Corp		19,407		4,260
MGM Resorts International		10,300		224
Mohawk Industries Inc *		1,458		142
Newell Brands Inc, Cl B		9,313		160
NIKE Inc, Cl B		32,538		4,085
Norwegian Cruise Line Holdings Ltd *		7,000		120
NVR Inc *		90		367
O’Reilly Automotive Inc *		1,912		882
PulteGroup Inc		7,343		340
PVH Corp		1,720		103
Ralph Lauren Corp, Cl A		1,160		79
Ross Stores Inc		9,549		891
Royal Caribbean Cruises Ltd		4,410		285
Starbucks Corp		30,457		2,617
Tapestry Inc		6,634		104
Target Corp, Cl A		13,084		2,060
Tiffany & Co		2,798		324
TJX Cos Inc/The		31,176		1,735
Tractor Supply Co		2,946		422
Ulta Beauty Inc *		1,400		314
Under Armour Inc, Cl A *		4,846		54
Under Armour Inc, Cl C *		5,581		54
VF Corp		8,540		600
Whirlpool Corp		1,609		296
Wynn Resorts Ltd		2,517		181
Yum! Brands Inc		7,697		703


				84,047


Consumer Staples — 6.7%
Altria Group Inc		48,369		1,869
Archer-Daniels-Midland Co		14,941		695
Brown-Forman Corp, Cl B		4,585		345
Campbell Soup Co		5,572		270
Church & Dwight Co Inc		6,300		590
Clorox Co/The		3,422		719
Coca-Cola Co/The		100,982		4,986
Colgate-Palmolive Co		22,748		1,755
Conagra Brands Inc		12,292		439
Constellation Brands Inc, Cl A		4,470		847
Costco Wholesale Corp		11,476		4,074
Estee Lauder Cos Inc/The, Cl A		5,844		1,275
General Mills Inc		16,341		1,008
Hershey Co/The		3,786		543

SEI Institutional Managed Trust / Annual Report / September 30, 2020

CONSOLIDATED SCHEDULE OF INVESTMENTS

September 30, 2020

Dynamic Asset Allocation Fund (Continued)



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Hormel Foods Corp		7,016	$	343
J M Smucker Co/The		2,904		336
Kellogg Co		6,894		445
Kimberly-Clark Corp		9,077		1,340
Kraft Heinz Co/The		17,500		524
Kroger Co/The		20,848		707
Lamb Weston Holdings Inc		3,800		252
McCormick & Co Inc/MD		3,314		643
Molson Coors Beverage Co, Cl B		4,824		162
Mondelez International Inc, Cl A		37,253		2,140
Monster Beverage Corp *		9,865		791
PepsiCo Inc		36,140		5,009
Philip Morris International Inc		40,637		3,047
Procter & Gamble Co/The		65,006		9,035
Sysco Corp, Cl A		13,543		843
Tyson Foods Inc, Cl A		7,475		445
Walgreens Boots Alliance Inc		19,307		694
Walmart Inc		36,276		5,075


				51,246


Energy — 1.9%
Apache Corp		9,301		88
Baker Hughes Co, Cl A		16,815		223
Cabot Oil & Gas Corp		10,298		179
Chevron Corp		48,726		3,508
Concho Resources Inc		4,800		212
ConocoPhillips		28,586		939
Devon Energy Corp		9,626		91
Diamondback Energy Inc, Cl A		4,100		124
EOG Resources Inc		14,727		529
Exxon Mobil Corp		110,400		3,790
Halliburton Co		22,442		270
Hess Corp		6,774		277
HollyFrontier Corp		3,700		73
Kinder Morgan Inc		49,514		611
Marathon Oil Corp		19,892		81
Marathon Petroleum Corp		16,550		486
National Oilwell Varco Inc, Cl A		9,930		90
Noble Energy Inc		11,737		100
Occidental Petroleum Corp		20,528		206
ONEOK Inc		11,054		287
Phillips 66		11,699		607
Pioneer Natural Resources Co		4,092		352
Schlumberger Ltd, Cl A		37,337		581
TechnipFMC PLC		11,613		73
Valero Energy Corp		10,297		446
Williams Cos Inc/The		30,946		608


				14,831


Financials — 9.1%
Aflac Inc		17,818		648
Allstate Corp/The		8,312		782
American Express Co		17,313		1,736



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
American International Group Inc		21,905	$	603
Ameriprise Financial Inc		3,017		465
Aon, Cl A		6,009		1,240
Arthur J Gallagher & Co		5,200		549
Assurant Inc		1,482		180
Bank of America Corp		199,073		4,796
Bank of New York Mellon Corp/The		21,843		750
Berkshire Hathaway Inc, Cl B *		51,830		11,037
BlackRock Inc		3,715		2,093
Capital One Financial Corp		12,215		878
Cboe Global Markets Inc		2,700		237
Charles Schwab Corp/The		30,935		1,121
Chubb Ltd		11,966		1,389
Cincinnati Financial Corp		3,893		303
Citigroup Inc		54,245		2,338
Citizens Financial Group Inc		10,600		268
CME Group Inc		9,348		1,564
Comerica Inc		3,573		137
Discover Financial Services		7,746		448
E*TRADE Financial Corp		5,770		289
Everest Re Group Ltd		1,000		197
Fifth Third Bancorp		17,751		378
First Republic Bank/CA		4,400		480
Franklin Resources Inc		6,836		139
Globe Life Inc		2,535		202
Goldman Sachs Group Inc/The		9,121		1,833
Hartford Financial Services Group Inc/The		9,061		334
Huntington Bancshares Inc/OH		25,047		230
Intercontinental Exchange Inc		14,880		1,489
Invesco Ltd		10,312		118
JPMorgan Chase & Co		79,617		7,665
KeyCorp		24,352		290
Lincoln National Corp		4,309		135
Loews Corp		6,089		212
M&T Bank Corp		3,308		305
MarketAxess Holdings Inc		1,000		482
Marsh & McLennan Cos Inc		13,417		1,539
MetLife Inc		20,612		766
Moody’s Corp		4,304		1,247
Morgan Stanley		31,817		1,538
MSCI Inc, Cl A		2,200		785
Nasdaq Inc, Cl A		2,887		354
Northern Trust Corp		5,271		411
People’s United Financial Inc		10,289		106
PNC Financial Services Group Inc/The		11,297		1,242
Principal Financial Group Inc, Cl A		6,633		267
Progressive Corp/The		15,521		1,469
Prudential Financial Inc		10,077		640
Raymond James Financial Inc		3,100		225
Regions Financial Corp		23,660		273
S&P Global Inc		6,278		2,264
SVB Financial Group, Cl B *		1,300		313

SEI Institutional Managed Trust / Annual Report / September 30, 2020

CONSOLIDATED SCHEDULE OF INVESTMENTS

September 30, 2020

Dynamic Asset Allocation Fund (Continued)



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Synchrony Financial		13,601	$	356
T Rowe Price Group Inc		6,040		774
Travelers Cos Inc/The		6,452		698
Truist Financial Corp		35,882		1,365
Unum Group		4,763		80
US Bancorp		36,502		1,309
W R Berkley Corp		3,700		226
Wells Fargo & Co		107,433		2,526
Willis Towers Watson PLC		3,447		720
Zions Bancorp NA		4,337		127


				69,960


Health Care — 13.6%
Abbott Laboratories		46,224		5,031
AbbVie Inc		46,041		4,033
ABIOMED Inc *		1,166		323
Agilent Technologies Inc		8,285		836
Alexion Pharmaceuticals Inc *		5,608		642
Align Technology Inc *		1,900		622
AmerisourceBergen Corp, Cl A		3,754		364
Amgen Inc, Cl A		15,263		3,879
Anthem Inc		6,638		1,783
Baxter International Inc		13,492		1,085
Becton Dickinson and Co		7,667		1,784
Biogen Inc *		4,150		1,177
Bio-Rad Laboratories Inc, Cl A *		600		309
Boston Scientific Corp *		37,992		1,452
Bristol-Myers Squibb Co		58,832		3,547
Cardinal Health Inc		7,403		348
Catalent Inc *		4,100		351
Centene Corp *		15,532		906
Cerner Corp		7,812		565
Cigna Corp		9,720		1,647
Cooper Cos Inc/The, Cl A		1,300		438
Covetrus Inc *		1		—
CVS Health Corp		34,060		1,989
Danaher Corp, Cl A		16,491		3,551
DaVita Inc *		2,157		185
DENTSPLY SIRONA Inc		5,371		235
DexCom Inc *		2,500		1,031
Edwards Lifesciences Corp, Cl A *		16,516		1,318
Eli Lilly and Co		20,666		3,059
Gilead Sciences Inc		32,713		2,067
HCA Healthcare Inc		7,043		878
Henry Schein Inc *		3,744		220
Hologic Inc *		6,600		439
Humana Inc		3,490		1,445
IDEXX Laboratories Inc *		2,200		865
Illumina Inc *		3,900		1,205
Incyte Corp *		5,000		449
Intuitive Surgical Inc *		3,038		2,156
IQVIA Holdings Inc *		5,100		804
Johnson & Johnson		68,844		10,249



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Laboratory Corp of America Holdings *		2,617	$	493
McKesson Corp		4,375		651
Medtronic PLC		35,041		3,641
Merck & Co Inc		66,066		5,480
Mettler-Toledo International Inc *		600		579
Mylan NV *		13,226		196
PerkinElmer Inc		2,869		360
Perrigo Co PLC		3,476		160
Pfizer Inc		145,057		5,324
Quest Diagnostics Inc		3,678		421
Regeneron Pharmaceuticals Inc *		2,715		1,520
ResMed Inc		3,700		634
STERIS PLC		2,200		388
Stryker Corp		8,476		1,766
Teleflex Inc		1,200		408
Thermo Fisher Scientific Inc		10,311		4,552
UnitedHealth Group Inc		24,811		7,735
Universal Health Services Inc, Cl B		2,042		218
Varian Medical Systems Inc *		2,265		390
Vertex Pharmaceuticals Inc *		6,758		1,839
Waters Corp *		1,520		297
West Pharmaceutical Services Inc		2,000		550
Zimmer Biomet Holdings Inc		5,553		756
Zoetis Inc, Cl A		12,573		2,079


				103,704


Industrials — 7.9%
3M Co		15,026		2,407
A O Smith Corp		3,400		179
Alaska Air Group Inc		3,000		110
Allegion plc		2,394		237
American Airlines Group Inc		12,725		156
AMETEK Inc		5,864		583
Boeing Co/The		13,809		2,282
Carrier Global Corp		20,707		632
Caterpillar Inc, Cl A		14,145		2,110
CH Robinson Worldwide Inc		3,487		356
Cintas Corp		2,352		783
Copart Inc *		5,300		557
CSX Corp		20,288		1,576
Cummins Inc		3,963		837
Deere & Co		8,113		1,798
Delta Air Lines Inc, Cl A		17,222		527
Dover Corp		3,646		395
Eaton Corp PLC		10,639		1,085
Emerson Electric Co		15,926		1,044
Equifax Inc		3,076		483
Expeditors International of Washington Inc		4,208		381
Fastenal Co, Cl A		15,344		692
FedEx Corp		6,369		1,602
Flowserve Corp		3,354		91
Fortive Corp		9,054		690
Fortune Brands Home & Security Inc		3,500		303

SEI Institutional Managed Trust / Annual Report / September 30, 2020

CONSOLIDATED SCHEDULE OF INVESTMENTS

September 30, 2020

Dynamic Asset Allocation Fund (Continued)



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
General Dynamics Corp		6,165	$	853
General Electric Co		232,693		1,450
Honeywell International Inc		18,352		3,021
Howmet Aerospace Inc		9,492		159
Huntington Ingalls Industries Inc, Cl A		1,000		141
IDEX Corp		1,900		347
IHS Markit Ltd		10,000		785
Illinois Tool Works Inc		7,631		1,474
Ingersoll Rand Inc *		10,114		360
Jacobs Engineering Group Inc		3,321		308
JB Hunt Transport Services Inc		2,145		271
Johnson Controls International plc		19,938		814
Kansas City Southern		2,363		427
L3Harris Technologies Inc		5,771		980
Lockheed Martin Corp		6,493		2,489
Masco Corp		6,723		371
Nielsen Holdings PLC		9,580		136
Norfolk Southern Corp		6,602		1,413
Northrop Grumman Corp		4,121		1,300
Old Dominion Freight Line Inc, Cl A		2,550		461
Otis Worldwide Corp		10,953		684
PACCAR Inc		9,219		786
Parker-Hannifin Corp, Cl A		3,452		698
Pentair PLC		4,277		196
Quanta Services Inc		3,382		179
Raytheon Technologies Corp		39,848		2,293
Republic Services Inc		5,362		501
Robert Half International Inc		2,859		151
Rockwell Automation Inc		3,135		692
Rollins Inc		3,450		187
Roper Technologies Inc		2,778		1,098
Snap-on Inc		1,355		199
Southwest Airlines Co, Cl A		15,833		594
Stanley Black & Decker Inc		4,311		699
Teledyne Technologies Inc *		900		279
Textron Inc		5,837		211
Trane Technologies PLC		6,403		776
TransDigm Group Inc		1,400		665
Union Pacific Corp		17,742		3,493
United Airlines Holdings Inc *		8,000		278
United Parcel Service Inc, Cl B		18,411		3,068
United Rentals Inc *		1,799		314
Verisk Analytics Inc, Cl A		4,300		797
Waste Management Inc		10,382		1,175
Westinghouse Air Brake Technologies Corp		4,690		290
WW Grainger Inc		1,247		445
Xylem Inc/NY		4,548		383


				60,587


Information Technology — 26.8%
Accenture PLC, Cl A		16,648		3,762
Adobe Inc *		12,564		6,162
Advanced Micro Devices Inc *		30,600		2,509



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Akamai Technologies Inc *		4,074	$	450
Amphenol Corp, Cl A		8,020		868
Analog Devices Inc		9,592		1,120
ANSYS Inc *		2,300		753
Apple Inc		420,264		48,671
Applied Materials Inc		24,271		1,443
Arista Networks Inc *		1,400		290
Autodesk Inc, Cl A *		5,805		1,341
Automatic Data Processing Inc		11,142		1,554
Broadcom Inc		10,475		3,816
Broadridge Financial Solutions Inc		2,900		383
Cadence Design Systems Inc *		7,500		800
CDW Corp/DE		3,600		430
Cisco Systems Inc		110,472		4,351
Citrix Systems Inc		3,326		458
Cognizant Technology Solutions Corp, Cl A		14,477		1,005
Corning Inc, Cl B		19,371		628
DXC Technology Co		6,176		110
F5 Networks Inc, Cl A *		1,591		195
Fidelity National Information Services Inc, Cl B		16,153		2,378
Fiserv Inc, Cl A *		14,764		1,521
FleetCor Technologies Inc *		2,300		548
FLIR Systems Inc		3,092		111
Fortinet Inc *		3,400		401
Gartner Inc *		2,300		287
Global Payments Inc		7,789		1,383
Hewlett Packard Enterprise Co		33,010		309
HP Inc		36,810		699
Intel Corp		111,097		5,753
International Business Machines Corp		23,268		2,831
Intuit Inc		6,785		2,213
IPG Photonics Corp *		900		153
Jack Henry & Associates Inc		2,000		325
Juniper Networks Inc		8,533		183
Keysight Technologies Inc *		4,800		474
KLA Corp		4,149		804
Lam Research Corp		3,820		1,267
Leidos Holdings Inc		3,300		294
Mastercard Inc, Cl A		23,082		7,806
Maxim Integrated Products Inc		6,800		460
Microchip Technology Inc		6,737		692
Micron Technology Inc *		29,571		1,389
Microsoft Corp		197,877		41,619
Motorola Solutions Inc		4,502		706
NetApp Inc		5,528		242
NortonLifeLock Inc		16,108		336
NVIDIA Corp		16,148		8,740
Oracle Corp, Cl B		50,433		3,011
Paychex Inc		8,200		654
Paycom Software Inc *		1,300		405
PayPal Holdings Inc *		30,685		6,046

SEI Institutional Managed Trust / Annual Report / September 30, 2020

CONSOLIDATED SCHEDULE OF INVESTMENTS

September 30, 2020

Dynamic Asset Allocation Fund (Continued)



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Qorvo Inc *		2,905	$	375
QUALCOMM Inc		29,468		3,468
salesforce.com Inc *		23,772		5,974
Seagate Technology PLC		5,643		278
ServiceNow Inc *		5,000		2,425
Skyworks Solutions Inc		4,507		656
Synopsys Inc *		3,900		835
TE Connectivity Ltd		8,803		860
Teradyne Inc		4,200		334
Texas Instruments Inc		23,911		3,414
Tyler Technologies Inc *		1,000		349
VeriSign Inc *		2,578		528
Visa Inc, Cl A		44,032		8,805
Western Digital Corp		7,738		283
Western Union Co/The		10,177		218
Xerox Holdings Corp		4,989		94
Xilinx Inc		6,587		687
Zebra Technologies Corp, Cl A *		1,400		353


				205,075


Materials — 2.5%
Air Products and Chemicals Inc		5,861		1,746
Albemarle Corp		2,700		241
Amcor PLC		40,109		443
Avery Dennison Corp		2,176		278
Ball Corp		8,712		724
Celanese Corp, Cl A		2,900		312
CF Industries Holdings Inc		5,537		170
Corteva Inc		19,191		553
Dow Inc		19,825		933
DuPont de Nemours Inc		19,591		1,087
Eastman Chemical Co		3,498		273
Ecolab Inc		6,446		1,288
FMC Corp		3,349		355
Freeport-McMoRan Inc, Cl B		39,062		611
International Flavors & Fragrances Inc		2,715		332
International Paper Co		9,773		396
Linde PLC		13,682		3,258
LyondellBasell Industries NV, Cl A		6,513		459
Martin Marietta Materials Inc, Cl A		1,565		368
Mosaic Co/The		8,610		157
Newmont Corp		21,404		1,358
Nucor Corp		7,748		348
Packaging Corp of America		2,400		262
PPG Industries Inc		6,270		765
Sealed Air Corp		4,058		158
Sherwin-Williams Co/The, Cl A		2,173		1,514
Vulcan Materials Co		3,330		451
Westrock Co		6,492		226


				19,066


Real Estate — 2.5%
Alexandria Real Estate Equities Inc ^‡		3,200		512



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
American Tower Corp, Cl A ^‡		11,616	$	2,808
Apartment Investment and Management
Co, Cl A ^‡		3,544		119
AvalonBay Communities Inc ^‡		3,622		541
Boston Properties Inc ^‡		3,608		290
CBRE Group Inc, Cl A *^‡		8,625		405
Crown Castle International Corp ^‡		11,128		1,853
Digital Realty Trust Inc, Cl A ^‡		7,200		1,057
Duke Realty Corp ^‡		9,100		336
Equinix Inc ^‡		2,259		1,717
Equity Residential ^‡		8,733		448
Essex Property Trust Inc ^‡		1,660		333
Extra Space Storage Inc ^‡		3,200		342
Federal Realty Investment Trust ^‡		1,800		132
Healthpeak Properties Inc ^‡		13,630		370
Host Hotels & Resorts Inc ^‡		18,612		201
Iron Mountain Inc ^‡		7,376		198
Kimco Realty Corp ^‡		11,396		128
Mid-America Apartment Communities Inc ^‡		2,900		336
Prologis Inc ^‡		19,569		1,969
Public Storage ^‡		3,900		869
Realty Income Corp ^‡		9,318		566
Regency Centers Corp ^‡		4,300		163
SBA Communications Corp, Cl A ^‡		2,963		944
Simon Property Group Inc ^‡		7,758		502
SL Green Realty Corp ^‡		1,815		84
UDR Inc ^‡		7,600		248
Ventas Inc ^‡		9,310		391
Vornado Realty Trust ^‡		3,831		129
Welltower Inc ^‡		10,707		590
Weyerhaeuser Co ^‡		18,960		541


				19,122


Utilities — 2.8%
AES Corp/The		17,212		312
Alliant Energy Corp		6,300		325
Ameren Corp		6,344		502
American Electric Power Co Inc		13,229		1,081
American Water Works Co Inc		4,900		710
Atmos Energy Corp		3,100		296
CenterPoint Energy Inc		13,617		263
CMS Energy Corp		7,313		449
Consolidated Edison Inc		8,978		698
Dominion Energy Inc		22,268		1,758
DTE Energy Co		5,141		591
Duke Energy Corp		19,498		1,727
Edison International		9,690		493
Entergy Corp		5,077		500
Evergy Inc		5,800		295
Eversource Energy		9,144		764
Exelon Corp		25,990		929
FirstEnergy Corp		13,821		397
NextEra Energy Inc		12,798		3,552

SEI Institutional Managed Trust / Annual Report / September 30, 2020

CONSOLIDATED SCHEDULE OF INVESTMENTS

September 30, 2020

Dynamic Asset Allocation Fund (Continued)



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
NiSource Inc		9,713	$	214
NRG Energy Inc		6,464		199
Pinnacle West Capital Corp		2,894		216
PPL Corp		19,539		532
Public Service Enterprise Group Inc		13,557		744
Sempra Energy		7,768		919
Southern Co/The		28,082		1,523
WEC Energy Group Inc		8,437		818



Description	Shares		Market Value ($ Thousands)

COMMON STOCK (continued)
Xcel Energy Inc		14,046	$	969

				21,776

Total Common Stock (Cost $438,681) ($ Thousands)				728,159


Total Investments in Securities — 95.1% (Cost $438,681) ($ Thousands)			$	728,159


	Contracts

*PURCHASED SWAPTIONS–1.0%**

Total Purchased Swaptions (A) (Cost $5,945) ($ Thousands)		945,510,481	$	7,937

A list of the open OTC swaption contracts held by the Fund at September 30, 2020, is as follows:

Description

Counterparty

Number of Contracts/
Notional Amount

Exercise Price

Expiration Date

Value

(Thousands)

PURCHASED SWAPTIONS — 1.0%

Call Swaptions

CMS One Look*

Bank of America Merill Lynch

864,868,000

$0.14

07/17/2021

4,083

CMS One Look*

Bank of America Merill Lynch

80,642,481

$2.00

08/19/2023

3,854

Total Purchased Swaptions

7,937

A list of the open futures contracts held by the Fund at September 30, 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^	198	Dec-2020	$ 32,833	$ 33,185	$ 351

A list of the open forward foreign currency contracts held by the Fund at September 30, 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		5,313	SAR	19,987	$	14
Bank of America		01/11/21	USD		6,931	SAR	26,004		(1	)
Bank of America		01/11/21	SAR		188,743	USD	50,276		(25	)

								$	(12	)

SEI Institutional Managed Trust / Annual Report / September 30, 2020

CONSOLIDATED SCHEDULE OF INVESTMENTS

September 30, 2020

Dynamic Asset Allocation Fund (Continued)

A list of OTC swap agreements held by the fund at September 30, 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
(Depreciation)
(Thousands)

BNP Paribas^

Bloomberg Gold Sub Index Total Return

BLOOMBERG GOLD SUBINDEX TOTAL

U.S. T-BILL HIGH

RETURN

DISCOUNT RATE + 7 BPS

Quarterly

03/17/2021

USD

(52,006)

(1,454

)

–

(1,454)

BNP Paribas^

Bloomberg Gold Sub Index Total Return

BLOOMBERG GOLD SUBINDEX TOTAL RETURN

U.S. T-BILL HIGH DISCOUNT RATE + 7 BPS

Quarterly

04/05/2021

USD

(33,756)

1,342

–

1,342

(112

)

–

(112)

Percentages are based on Net Assets of $765,532 ($ Thousands).

*	Non-income producing security.

^‡	Real Estate Investment Trust.

^	Security, or a portion thereof, is held by the Dynamic Commodity Strategy Subsidiary Ltd. as of September 30, 2020.

(A)	Refer to table below for details on Swaption Contracts.

— Class

PLC

— Public Limited Company

S&P —

Standard & Poor’s

SAR —

Saudi Riyal

USD

— U.S. Dollar

The following is a list of the level of inputs used as of September 30, 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

728,159

–

728,159

Total Investments in Securities

728,159

–

728,159

Other Financial Instruments

Level 1
($)

Level 2
($)

Level 3
($)

Total

($)

Purchased Swaptions

–

7,937

–

7,937

Futures Contracts*

Unrealized Appreciation

351

–

351

Forwards Contracts*

Unrealized Appreciation

–

Unrealized Depreciation

–

(26

)

–

(26

)

OTC Swaps

Total Return Swaps*

Unrealized Appreciation

–

1,342

–

1,342

Unrealized Depreciation

–

(1,454

)

–

(1,454

)

Total Other Financial Instruments

351

7,813

–

8,164

* Futures contracts, forward contracts, and swap contracts are valued at the unrealized appreciation/ (depreciation) on the instruments.

For the year ended September 30, 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 / Annual Report / September 30, 2020

KPMG LLP

1601 Market Street

Philadelphia, PA 19103-2499

Report of Independent Registered Public Accounting Firm

To the Shareholders and of the Funds and Board of Trustees

SEI Institutional Managed Trust:

Opinion on the Financial Statements

We have audited the accompanying statements of assets and liabilities of 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, and Real Estate Fund, including the summary schedules of investments, and the statements of assets and liabilities of 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 Income Fund, and Multi-Asset Capital Stability Fund (twenty-four of the twenty-seven funds comprising the SEI Institutional Managed Trust (the Trust)), including the schedules of investments, as of September 30, 2020, and the related statements of operations for the year then ended, the statements of changes in net assets for each of the years in the two-year period then ended, and the related notes (collectively, the financial statements) and the financial highlights for each of the years or periods presented therein. We have also audited the accompanying consolidated statement of assets and liabilities of the Dynamic Asset Allocation Fund, including the consolidated summary schedule of investments, and the consolidated statements of assets and liabilities of the Multi-Asset Accumulation Fund and Multi-Asset Inflation Managed Fund (three of the twenty-seven funds comprising the Trust) (the twenty-seven funds collectively, the Funds), including the consolidated schedules of investments, as of September 30, 2020, the related consolidated statements of operations for the year then ended, the consolidated statements of changes in net assets for each of the years in the two-year period then ended, the consolidated statement of cash flows for the year then ended for the Multi-Asset Inflation Managed Fund, and the related notes (collectively, the consolidated financial statements) and the consolidated financial highlights for each of the years or periods presented therein. The financial statements and consolidated financial statements and financial highlights and consolidated financial highlights are included in Item 1 of this Form N-CSR, and the schedules of investments as of September 30, 2020 of 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, and Real Estate Fund and the consolidated schedule of investments of the Dynamic Asset Allcoation Fund, as of September 30, 2020 are included in Item 6 of this Form N-CSR. In our opinion, the financial statements and consolidated financial statements and financial highlights and consolidated financial highlights present fairly, in all material respects, the financial position of the Funds as of September 30, 2020, the results of their operations for the year then ended, the changes in their net assets for each of the years in the two-year period then ended, the cash flows of the Multi-Asset Inflation Managed Fund for the year ended, and the financial highlights and consolidated financial highlights for each of the years or periods presented therein, in conformity with U.S. generally accepted accounting principles.


		KPMG LLP, a Delaware limited liability partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee.

LOGO

Basis for Opinion

These financial statements and consolidated financial statements and financial highlights and consolidated financial highlights are the responsibility of the Funds’ management. Our responsibility is to express an opinion on these financial statements and consolidated financial highlights and financial highlights consolidated financial highlights based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Funds in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statementss and consolidated financial highlights and financial highlights and consolidated financial highlights are free of material misstatement, whether due to error or fraud. Our audits included performing procedures to assess the risks of material misstatement of the financial statements and consolidated financial statements and financial highlights and consolidated financial highlights, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements and consolidated financial statements and financial highlights and consolidated financial highlights. Such procedures also included confirmation of securities owned as of September 30, 2020, by correspondence with custodians, transfer agents, and brokers or by other appropriate auditing procedures when replies were not received. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements and consolidated financial statements and financial highlights and consolidated financial highlights. We believe that our audits provide a reasonable basis for our opinion.

LOGO

We have served as the auditor of one or more SEI Funds investment companies since 2005.

Philadelphia, Pennsylvania

November 27, 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 18, 2004, as amended, the Committee will review all shareholder recommendations for nominations to fill vacancies on the Board if such recommendations are submitted in writing and addressed to the Committee at the Registrant’s office.

Item 11. Controls and Procedures.

(a) The Registrant’s principal executive and principal financial officers, or persons performing similar functions, have concluded that the Registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940 (the “1940 Act”)) are effective, based on the evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act and Rules 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934 as of a date within 90 days of the filing date of this report.

(b) There were no changes in the Registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act) that occurred during the 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) Code of Ethics attached hereto.

(a)(2) A separate certification for the principal executive officer and the principal financial officer of the Registrant as required by Rule 30a-2(a) under the Investment Company Act of 1940, are filed herewith.

(b) Officer certifications as required by Rule 30a-2(b) under the Investment Company Act of 1940, as amended also accompany this filing as exhibits.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.


		SEI Institutional Managed Trust

By		/s/ Robert A. Nesher
		Robert A. Nesher
		President & CEO

Date: December 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: December 9, 2020


By		/s/ Peter A. Rodriguez
		Peter A. Rodriguez
		Controller & CFO

Date: December 9, 2020