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, Esp.

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, 2019

Date of reporting period: September 30, 2019

Item 1. Reports to Stockholders.

September 30, 2019

ANNUAL REPORT

SEI Institutional Managed Trust

	Large Cap Fund		Tax-Managed International Managed
	Large Cap Value Fund		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.

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	54
Statements of Assets and Liabilities/Consolidated Statements of Assets and Liabilities	300
Statements of Operations/Consolidated Statements of Operations	308
Statements of Changes in Net Assets/Consolidated Statements of Changes in Net Assets	316
Consolidated Statement of Cash Flows	318
Financial Highlights/Consolidated Financial Highlights	327
Notes to Financial Statements/Consolidated Notes to Financial Statements	332
Report of Independent Registered Public Accounting Firm	382
Trustees and Officers of the Trust	384
Disclosure of Fund Expenses	387
Board of Trustees Considerations in Approving the Advisory and Sub-Advisory Agreement	390
Notice to Shareholders	393

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, 2019 (Unaudited)

To Our Shareholders

After an extended period of historical calm and steady gains, volatility returned to financial markets at the start of the fiscal year ending September 30, 2019, with a selloff toward the end of 2018 that sent most global indexes into or near bear market territory; an early-2019 rebound subsequently saw the S&P 500 Index deliver its best first-quarter performance in 20 years. Trade war fears, ongoing Brexit discussions and the U.S. yield curve all weighed on investor expectations throughout the reporting period.

The pace of interest-rate increases by the Federal Reserve (Fed) mostly followed the market’s projections. Long-term rates fell by a greater magnitude than short-term rates after the Federal Reserve raised rates at the start of the reporting period but then cut twice over the final quarter; the yield curve flattened to a post-recession low and even inverted at multiple maturities.

The European Central Bank ended its bond-buying program at the end of 2018 but made assurances that it would reinvest maturing securities for some time to help keep rates low. Christine Lagarde resigned as president of the International Monetary Fund after being named to succeed Mario Draghi as European Central Bank (ECB) President at the end of October 2019. Lagarde is expected to maintain her predecessor’s dovish policies.

The Japanese yen, typically viewed as a safe-haven asset in “risk-off” environments, finished the period higher against the U.S. dollar while the Bank of Japan (BOJ) held monetary policy stable. Driven by trade-related tensions, the Chinese yuan slid to an 11-year low against the U.S. dollar during the fiscal period. While China’s currency strengthened earlier in the fiscal year as U.S.-China trade negotiations appeared to be reaching a favorable conclusion, its value weakened again following a breakdown in talks at the beginning of May.

Oil prices began the reporting period near a four-year high, supported by geopolitical tensions and news that Saudi Arabia and Russia would extend an agreement to curb output. However, growing concerns over falling demand and increasing global supply, along with a broad selloff in risk assets, helped drive a correction during the last three months of 2018 that sent the commodity down over 40% from its earlier highs. While support at the start of the New Year saw a 50% recovery from its lows, oil closed the fiscal year down almost 30%.

Geopolitical events

U.S. elections in November 2018 produced a partial shift in power away from Republicans and toward Democrats in Congress and statehouses across the country. The new balance of authority in Congress could substantially limit the ability of President Donald Trump and Republicans to pass meaningful legislation; it also enhances the investigatory powers available to Democrats, thereby adding to political risk for the Trump administration.

The partial shutdown of the U.S. government in December lasted over a month due to an impasse between Congress and President Trump’s administration about whether to fund a multi-billion dollar wall on the U.S.-Mexico border championed by the president. The Trump administration received a measure of resolution in March, when the special counsel investigating the 2016 election could not conclude that the president committed criminal obstruction of justice, although neither did it exonerate him. However, as the fiscal year came to an end, the political war between Trump and congressional Democrats escalated to an official impeachment inquiry following a whistleblower complaint alleging that Mr. Trump asked Ukrainian President Volodymyr Zelensky to investigate political rival Joe Biden.

The North American Free Trade Agreement’s successor came into focus just before the start of the period—first when the U.S. and Mexico came to an agreement in August 2018, and then when the U.S. and Canada finally ironed out their differences in September. Now called the United States-Mexico-Canada Agreement, the revised deal is expected to strengthen its predecessor’s provisions and improve labor standards. The U.S. is projected to offer Canada and Mexico relief from automobile-related trade barriers as a result of the new agreement, although aluminum and steel tariffs will remain.

U.S.-China trade negotiations came to a halt on August 1, 2019 with President Trump’s announcement of new tariffs (10% on $300 billion of Chinese goods) and China’s subsequent promise of retaliation, provoking a disconcerting depreciation in the yuan’s exchange rate with the U.S. dollar. Both sides applied new and higher tariffs beginning September 1. The U.S. imposed a 15% tariff on $112 billion worth of Chinese goods, while China resumed 25% tariffs on American cars and added 5%-to-10% tariffs on $75 billion worth of other American goods. As a new round of

  SEI Institutional Managed Trust / Annual Report / September 30, 2019   1

LETTER TO SHAREHOLDERS (Continued)

September 30, 2019 (Unaudited)

negotiations materialized for October, the U.S. delayed a tariff measure scheduled for October 1 (an increase from 25% to 30% on $250 billion worth of Chinese goods).

U.K. Prime Minister Theresa May announced on May 24 her intention to resign following a poor showing for Conservatives in European Parliamentary elections. May’s inability to establish sufficient support for her Brexit deal or a viable alternative had become an impasse, and her recent overtures for a second referendum alienated a large subset of her party’s leadership. Prime Minister Boris Johnson faced sharp resistance from the outset of his tenure: Conservative members of Parliament defected to support a vote eliminating the prospect of a no-deal departure from the EU on October 31, and the U.K. Supreme Court reversed the Prime Minister’s attempt to suspend Parliament.

Elsewhere, after months of demonstrations, protesters in Hong Kong saw some success when a proposed law that would have allowed for extradition to mainland China was withdrawn. Protests continued, however, amid a reported increase in China’s police presence and undercover activity.

Economic performance

U.S. economic growth slowed to 2.2% in the fourth quarter of 2018, a drop from 3.4% in the previous quarter, primarily due to a softer environment for business investment that was only modestly affected by the partial government shutdown. Still, U.S. GDP for the 2018 calendar year finished at 2.9%, equaling growth in 2015 as the best in 10 years. The government shutdown that continued through most of January likely detracted some in 2019; however, growth rebounded to 3.1% in the first quarter, driven by increases in inventories and trade. GDP growth measured just 2.0% in the second quarter; robust consumer spending countered a decline in exports and inventory builds, allowing the 10-year expansion to continue despite decelerating global activity.

The U.S. labor market remained robust throughout the fiscal year: the unemployment rate fell, finishing the period near a 50-year low at 3.5%; the labor-force participation rate ended at 63.2%, slightly higher from a year earlier. Average hourly earnings gained 2.9% over the year, although a modest increase in price pressures weighed on real personal income growth. The historically strong labor market and improving wage growth helped boost the debt profile of the U.S. consumer. The Fed’s dovish pivot in the final quarter of the reporting period involved an early conclusion to its balance-sheet reduction program, which was initially scheduled to end in September. These accommodative actions came amid below-target inflation and uncertainty about trade developments.

In September, the ECB cut its benchmark interest rate for the first time since 2016, to a historic low, and announced it would restart quantitative easing. Broad economic growth in the eurozone slowed to its weakest pace in six years at the end of the second quarter of 2019, as slumping exports in Germany and a stagnating Italian economy hampered expansion; the slowdown strengthens the case for continued accommodative policy by the ECB for some time.

The Bank of England held its official bank rate unchanged during the reporting period after raising by 0.25% just before the start of the fiscal year. Committee guidance later in the period noted a bias toward higher rates in the future depending on the Brexit outcome, in contrast to the looser monetary policy shifts of the Fed and ECB. The U.K. economy grew 1.3% year-on-year through the second quarter of 2019, its weakest level since the beginning of 2018.

Japanese GDP grew 1.4% year-on-year at the end of the second quarter of 2019; the BOJ maintained monetary stimulus in an attempt to counter slowing growth and weak productivity gains. Meanwhile, GDP in China expanded by just 6.2% year-on-year in the second quarter of 2019, its weakest pace in 28 years, as a lack of consumer confidence due to the U.S. trade war continued to put pressure on economic growth.

Market developments

The U.S. equity market suffered a significant decline early in the fiscal year ending September 30, 2019, as concerns about rising interest rates, trade issues, and softening global economic growth weighed on investor sentiment. During this time, the highly-cyclical energy sector experienced a notable selloff, while the consumer staples and utilities sectors, in particular, outperformed and helped mitigate some damage in the falling market. However, January marked the best start for equities in thirty years; the recovery rally continued until a slight retreat in May, but touched a record high in July before the end of the fiscal year. The utilities, real estate and consumer staples sectors were top performers over the entire period, while energy, health care and industrials lagged.

  2   SEI Institutional Managed Trust / Annual Report / September 30, 2019

Small-cap stocks (Russell 2000 Index) failed to keep up with large caps (Russell 1000 Index) in the U.S. during the fiscal year. Large caps finished up 3.87%, easily outpacing small caps, which lost 8.89%.

Brexit concerns continued to overshadow the outlook for business in the U.K.; while the FTSE UK Series All-Share Index gained 10.70% in U.S. dollar terms, the index rose just 2.68% in sterling. The MSCI ACWI Index (Net), a proxy for global equities in both developed and emerging markets, rose 1.38% in U.S. dollar terms; U.S. markets did better, as the S&P 500 Index returned 4.25%. Despite continued accommodative monetary policy from the ECB, European equities lagged, as fears over trade wars and policy uncertainty grew. The MSCI Europe Index (Net) finished down 0.75% in U.S. dollar terms but 5.74% higher in euros; the euro finished up 6.18% versus the U.S. dollar for the period.

Emerging markets failed to keep pace over the 12 months. The MSCI Emerging Markets Index (Net) finished the reporting period down 2.02% in U.S. dollar terms, after a selloff over the final three months erased its to-date gains for the fiscal year. Asian markets ended the period lower as trade-related concerns drove regional market weakness.

Led by the dovish tone of global central banks and lukewarm economic data in the U.S. and Europe, global government bonds outperformed global high-yield bonds. A continuing theme for U.S. fixed-income markets was the flattening yield curve, as short-term yields fell less than long-term yields. In early December, the spread between 2-year and 10-year Treasury bonds compressed to 11 basis points, its narrowest point in more than 12 years. At the same time, the spread between 2-year and 5-year Treasurys inverted, as did the spread between 3-year and 5-year Treasurys. Notably, the 3-month and 10-year rates inverted for the first time in about 12 years in March, a signal of impending recession to some market watchers. While the differential turned back positive in April, it reverted again in May and stayed negative through the end of the period. The Federal Open Market Committee increased the federal-funds rate in mid-December—the first hike of the reporting period but fourth of the calendar year and ninth during the tightening cycle—while softening its projections for future rate increases. The hike failed to sustain an impact on higher short-term yields, while subdued inflation and long-term economic growth expectations pressured the long end of the curve. In July, the central bank cut rates for the first time in 11 years and did so again in September. Yields for 10-year U.S. government bonds declined and ended the period 137 basis points lower at 1.68%, while 2-year yields rose to almost 3% early in the fiscal year but finished the period down 118 basis points at 1.63%.

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) slid 6.57%, primarily due to oil market headwinds, while the Bloomberg Barclays 1-10 Year US TIPS Index (USD) moved 5.75% higher.

The high-yield market, as measured by the ICE BofAML US High Yield Constrained Index, climbed 6.30%, while global fixed income did slightly better, with the Bloomberg Barclays Global Aggregate Index up 7.60% in U.S. dollar terms during the reporting period.

U.S. investment-grade corporate debt performed well, as the Bloomberg Barclays US Corporate Investment Grade Index returned 13.00%. U.S. asset-backed and mortgage-backed securities also managed gains during the fiscal year, benefiting from favorable supply-and-demand dynamics and continued improvement in collateral.

Emerging-market debt delivered strong performance. The JP Morgan GBI Emerging Markets Global Diversified Index, which tracks local-currency-denominated emerging-market bonds, climbed 10.13% higher in U.S. dollar terms. The JP Morgan EMBI Global Diversified Index, which tracks emerging-market debt denominated in external currencies (such as the U.S. dollar), gained 11.57%, after starting 2019 down for the reporting period to date.

Our view

We have leaned toward an optimistic view on equities and other risk-oriented assets for the past 10 years. When markets corrected sharply in price—as several U.S. equity indexes did in 2011, 2015 and late last year—we viewed the pullbacks as buying opportunities. We believe that staying invested has been a sound overall strategy. Today, while we still doubt that a true bear market is on the immediate horizon, we are surprised by the resilience of the stock-market averages during the third quarter in the face of numerous economic and political uncertainties, both in the U.S. and globally.

The U.S. economy remains in reasonably good shape and appears to be in little danger of contracting any time soon. Granted, the manufacturing and agricultural sectors are being stressed by the trade war with China. But we think

  SEI Institutional Managed Trust / Annual Report / September 30, 2019   3

LETTER TO SHAREHOLDERS (Concluded)

September 30, 2019 (Unaudited)

there is a limit to how far this deterioration in economic activity will go. Few economists would dispute that the U.S. consumer sector is in great shape.

Traders in the federal-funds futures market expect more rate cuts on the heels of the FOMC’s July and September cuts. The central bank is also no longer letting its securities portfolio contract now that it halted quantitative easing. If the economy were to weaken in a serious way, it could ramp up its purchases of Treasurys again.

Looking at the U.S. stock market, the forward-earnings trend has flattened in recent quarters. Periods of flat-to-down earnings over several quarters occurred in the 2014-to-2015 period, and in 2011, 2007 and 1998, each coinciding with flat-to-declining stock prices, increased volatility and moderate-to-severe market corrections.

Growth and momentum styles continued to outperform quality and value for much of the third quarter. However, September saw a sharp reversal in this trend for the first time since the beginning of 2018 as value outperformed. It’s hard to say whether this reversal will be sustained, although SEI’s equity managers have been positioned for such an eventuality.

A trade truce between China and the U.S. would be a relief, but it would be only one piece of a larger mosaic that must first come together. Getting the world back on a faster growth track will depend on an economic rebound in the domestic economies of China and Europe.

Our expectation of an economic revival in China rests on the assumption that all the fiscal and monetary-policy measures put in place over the past year will overcome the major challenge posed by the trade war. The latest tranches of import duties are aimed at Chinese goods like apparel and toys, which usually have thin profit margins, are labor-intensive, and can be more easily produced in other low-wage nations than higher-tech products. We therefore believe that Chinese President Xi Jinping has an incentive to get a deal done with President Trump. The last thing Xi needs is a sharp rise in unemployment and corporate bankruptcies as profit margins get eviscerated.

China’s currency has weakened further in recent months, reaching an 11-year low against the U.S. dollar in September 2019 that amounted to a cumulative decline of 12% since April 2018—thereby offsetting a little more than half of the imposed or announced tariff increases. The Chinese government is reluctant to encourage additional currency depreciation, fearing that capital could flee the country. Rather, there is evidence that it is getting more aggressive when it comes to pulling the monetary and fiscal levers.

Slowing growth in China, the U.S. and the eurozone does not bode well for other economies. On a positive note, many developing countries have been able to cut interest rates in recent months. Meanwhile, capital-market conditions in emerging countries still appear benign. Spreads on U.S. dollar-denominated debt remain in the middle of their range for the past eight years.

Despite all its economic and political problems, European-wide equity markets have done rather well this year in local-currency terms. The MSCI Europe ex UK Index (Net) climbed 21.1% year to date, actually matching that of the MSCI USA Index (Net). The MSCI United Kingdom Index (Net) was the laggard, gaining only 13.8%—still something of an achievement considering the messy political situation in the U.K.

How does one explain the rather robust performance of European equities? It can largely be attributed to the lack of an alternative option. For example, now that Germany’s sovereign yield curve is negative all the way up to 30 years (just one year after yields were positive beyond six years), its investors have no hope of building wealth in less risky fixed-income assets and are therefore forced into equities and other risk-oriented investments. Investors globally face similar challenges, even if not quite to the same extent.

While Germany’s overall economy is not clearly in a recession, its manufacturing sector almost certainly is—the 6.4% decline in industrial production from the peak in November 2017 through July 2019 was worse than Italy’s 2.5% contraction over the same period. Considering that manufacturing represents almost 23% of the country’s GDP (much higher than the average for developed countries), it is easy to understand why the country is in a funk.

We will find out soon whether a no-deal exit from the EU actually takes place or is delayed (for a third time) beyond the 31 October deadline. The political carnage caused by Brexit is already breath-taking. The Conservatives lost their working majority in the Parliament following the expulsion of 21 members of Parliament from the party in the aftermath of a vote to wrest away Brexit negotiations from the government.

  4   SEI Institutional Managed Trust / Annual Report / September 30, 2019

The battle between the Prime Minister and the Parliament already led to a constitutional crisis when the U.K. Supreme Court declared Johnson’s move to suspend Parliament as invalid. If he defies the will of Parliament and takes the U.K. out of the EU without a trade agreement, that crisis will deepen. More likely, there will be an additional delay, with a new Brexit deadline. That would allow for a general election and, hopefully, a new mandate from the electorate. But the political landscape in Great Britain is in flux. The outcome of the next election could be an unstable coalition.

Despite the rather solid financial position of U.K. households, both consumer and business confidence are nearing levels consistent with recession. Confidence measures in the eurozone, while off the highs of 2017, have not fallen to the same degree.

Japan is also focused on home-grown uncertainty: The consumption tax hike effective 1 October. And despite a tight labor market with an almost record-high number of available jobs per applicant, the decline in earnings growth from last year is surprisingly steep. Regardless of all their efforts, Prime Minister Shinzo Abe’s government and the Bank of Japan have been unable to spur a lasting reflation of the economy.

Like Germany, Japan has been hurt by the slowing growth of China and the general malaise affecting Asia as a whole. To make matters worse, Japan’s political relationship with South Korea has frayed badly in recent months. Both countries have expanded economic sanctions, including tit-for-tat tariff duties and consumer boycotts. Even more worrisome is the breakdown in direct military intelligence sharing at a time when China is pushing its weight around in the East and South China Seas.

In all, Japan’s outlook appears to be one of stasis. In the meantime, investors will likely continue to view the country as a safe haven owing to its low volatility. We believe the yen will remain well-bid under this scenario.

In view of the uncertainties facing investors presently, the prediction game is arguably even more challenging than usual. Accordingly, as always, we believe in a diversified approach to investing. Although maintaining exposure to equities and other risk-oriented assets can at times feel uncomfortable, it is our view that investors with long time horizons should avoid timing the market or making outsized sector or regional bets. We think it is best not to assume, for example, that the S&P 500 Index and growth stocks will always be the only games in town. The recent volatility and sharp style rotations in the past quarter should serve as reminders that trends do not last forever.

Sincerely,

William Lawrence, CFA

Head and Chief Investment Officer of Traditional Asset Management

  SEI Institutional Managed Trust / Annual Report / September 30, 2019   5

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FUND PERFORMANCE

September 30, 2019 (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, 2019: Brandywine Global Investment Management, LLC, Ceredex Value Advisors LLC, Coho Partners, Ltd., Fred Alger Management, Inc., LSV Asset Management, Mar Vista Investment Partners, LLC, and Parametric Portfolio Associates LLC.

During the period, Fred Alger Management, Inc., was added to the Fund, while BlackRock Investment Management, LLC, and Fiera Capital Inc. were removed from the Fund.

III. Returns

For the full year ended September 30, 2019, the Large Cap Fund, Class F, returned 1.17%. The Fund’s benchmark—the Russell 1000^® Index—returned 3.87%.

IV. Performance Discussion

U.S. large-cap equities, as measured by the Russell 1000^® Index, gained 3.87% during the fiscal year ending September 30, 2019. The economy and corporate earnings generally grew, but at a slower pace than in the previous reporting period. As noted in the shareholder letter, interest rates fell, and the inverted yield curve—long-term interest rates fell below short-term rates—created concern that an economic recession was imminent. Among U.S. large-cap stocks, gains were concentrated in the information technology sector and bond proxies, notably utilities and real-estate investment trusts (REIT). Gains in the growth-oriented information technology sector continued a long-term leadership trend within U.S. equities. The outperformance by large technology names also helped the largest-capitalization portion of the Russell 1000^® Index outperform medium-capitalization stocks within the benchmark for the fiscal year. Gains among traditional high-yield stocks, such as utilities and REITs, were driven by the decrease in interest rates and the resulting scarcity of investment income available for investors.

The health care sector underperformed as investors became more concerned about the potential for government action that could lead to lower profitability for companies within the sector. The energy sector also fell significantly during the fiscal year as the price of oil declined over 25%. The outperformance of information technology and underperformance of economically-sensitive sectors—such as energy, materials and industrials—were key drivers of return differences between value and growth portfolios.

The Fund’s greater emphasis on medium-capitalization stocks and economically-sensitive stocks, relative to the benchmark, was a performance headwind during the reporting period. Underweights to the outperforming information technology, real estate and utilities sectors also detracted from the Fund’s relative performance. The Fund’s overweight to the health care sector also lagged. Although security selection was challenged within the consumer staples sector, the Fund benefited from favorable security selection within the semiconductor and semiconductor equipment industry.

LSV and Brandywine, the Fund’s deep-value managers, underperformed due to their medium-capitalization exposure and allocations to cheaper stocks, which lagged during the fiscal year. The SIMC factor-based momentum strategy underperformed due to its medium-capitalization overweight; also, momentum shifts (reversals) that occurred during the fiscal year happened at a higher-than-expected rate, and the strategy was unable to capture gains from short-term trends. Coho lagged due to its overweight to health care and poor security selection within the consumer staples sector.

Mar Vista outperformed the Fund benchmark due to favorable security selection in the real estate, materials and health care sectors. Ceredex benefited from favorable security selection among value stocks. Fred Alger was added to the Fund in December and outperformed over the remainder of the reporting period due to its significant overweight to the information technology sector.

  6   SEI Institutional Managed Trust / Annual Report / September 30, 2019

AVERAGE ANNUAL TOTAL RETURN¹

	1 Year Return		Annualized 3 Year Return		Annualized 5 Year Return		Annualized Inception to Date
Large Cap Fund, Class F		1.17%		11.68%		8.56%		11.54%
Large Cap Fund, Class Y		1.44%		11.96%		8.82%		11.67%
Russell 1000® Index		3.87%		13.19%		10.61%		13.22%

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

¹ For the year ended 9/30/19. Past performance is no indication of future performance. Class F shares were offered beginning 9/30/09. Class Y shares were offered beginning 12/31/14. Class Y shares performance for the period prior to 12/31/14 is derived from the performance of Class F shares adjusted for the lower expenses of Class Y shares. Returns for Class Y shares are substantially similar to those of Class F shares and differ only to the extent that Class Y shares have lower total annual fund operating expenses than Class F shares. Returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The returns for the period reflect fee waivers and/or reimbursements in effect for the period; absent fee waivers and reimbursements, performance would have been lower.

  SEI Institutional Managed Trust / Annual Report / September 30, 2019   7

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FUND PERFORMANCE

September 30, 2019 (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, 2019: AQR Capital Management, LLC, Brandywine Global Investment Management, LLC, LSV Asset Management, Parametric Portfolio Associates LLC, and Schafer Cullen Capital Management, Inc. No manager changes were made during the Fund’s fiscal year.

III. Returns

For the full year ended September 30, 2019, the Large Cap Value Fund, Class F, returned -0.91%. The Fund’s benchmark—the Russell 1000^® Value Index—returned 4.00%.

IV. Performance Discussion

As noted in the shareholder letter, U.S. large-cap equities rose during the fiscal year. The economy and corporate revenues generally grew, but at a slower pace than in the previous reporting period. Interest rates fell, and the inverted yield curve—long-term interest rates fell below short-term rates—created concern that an economic recession was imminent. Within the Russell 1000^® Value Index, gains were concentrated in sectors that didn’t appear particularly cheap based on traditional valuation metrics, and many stocks in the cheaper valuation segment of the index produced negative returns. Mid-cap value stocks within the Russell 1000^® Value Index underperformed. The best-performing sectors were bond proxies, such as utilities and real-estate investment trusts (REIT). Gains among these traditional high-yield stocks were driven by the decrease in interest rates and the resulting scarcity of investment income available for investors. The health care sector underperformed as investors became more concerned about the potential for government action that could lead to lower profitability for companies within the sector. The energy sector also fell significantly during the fiscal year as the price of oil declined over 25%.

The Fund’s greater emphasis on medium-capitalization stocks and those with cheaper valuation metrics, relative to the benchmark, held back performance for the fiscal year. Underweights to the top-performing utilities and real-estate sectors detracted. The Fund’s overweight to the energy sector also lagged. Although poor security selection within the health care and consumer staples sectors detracted, the Fund benefited from favorable selection within the financials sector.

AQR underperformed as its momentum-oriented approach to value investing struggled through an environment in which momentum shifts (reversals) occurred at a higher-than-expected rate; as a result, AQR held securities in the health care, communication services and consumer discretionary sectors that underperformed. Brandywine and LSV, the Fund’s deep-value managers, underperformed due to their medium-capitalization exposure and allocations to cheaper stocks. The SIMC factor-based value strategy underperformed due to its tilt toward medium-capitalization names and overweighting the cheaper stocks within the Russell 1000^® Value Index.

Schafer Cullen outperformed, benefiting from its emphasis on dividend-paying stocks, as well as an overweight to and favorable security selection within the real-estate sector.

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		-0.91%		9.29%		6.18%		10.43%		8.19%
Large Cap Value Fund, Class I		-1.14%		9.05%		5.95%		10.18%		5.81%
Large Cap Value Fund, Class Y		-0.62%		9.57%		6.39%		10.54%		8.74%
Russell 1000® Value Index		4.00%		9.43%		7.79%		11.46%		9.81%

  8   SEI Institutional Managed Trust / Annual Report / September 30, 2019

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

¹ For the year ended 9/30/19. Past performance is no indication of future performance. Class F shares were offered beginning 10/3/94 and Class I shares were offered beginning 8/6/01. The performance of Class I shares prior to 8/6/01 is calculated using the performance of the fund’s Class F shares adjusted for the higher expenses of the Class I shares. Class Y shares were offered beginning 10/30/15. Class Y Shares performance for the period prior to 10/30/15 is derived from the performance of Class F shares adjusted for the lower expenses of Class Y shares. Returns for Class Y shares are substantially similar to those of Class F shares and differ only to the extent that Class Y shares have lower total annual fund operating expenses than Class F shares. Returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The returns for certain periods reflect fee waivers and/or reimbursements in effect for that period; absent fee waivers and reimbursements, performance would have been lower.

  SEI Institutional Managed Trust / Annual Report / September 30, 2019   9

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FUND PERFORMANCE

September 30, 2019 (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, 2019: Fiera Capital Inc., Fred Alger Management, Inc., McKinley Capital Management, LLC, and Parametric Portfolio Associates LLC.

During the period, Fred Alger Management, Inc. was added to the Fund, while BlackRock Investment Management, LLC, was removed from the Fund.

III. Returns

For the full year ended September 30, 2019, the Large Cap Growth Fund, Class F, returned 2.43%. The Fund’s benchmark—the Russell 1000^® Growth Index—returned 3.71%.

IV. Performance Discussion

As noted in the shareholder letter, U.S. large-cap equities rose during the fiscal year. The economy and corporate revenues generally grew, but at a slower pace than in the previous reporting period. Interest rates fell, and the inverted yield curve—long-term interest rates fell below short-term rates—created concern that an economic recession was imminent. Among U.S. large-cap growth stocks, bond proxy sectors, notably real-estate investment trusts (REIT) and consumer staples, outperformed. Gains among dividend-paying stocks within the Russell 1000^® Growth Index, such as consumer staples and REITs, were driven by the decrease in interest rates and the resulting scarcity of investment income available for investors. The health care sector underperformed as investors became more concerned about the potential for government action that could lead to lower profitability for companies within the sector.

The Fund’s overweight to health care detracted, as did its underweights to the consumer staples and real-estate sectors. The Fund benefited from favorable selection within the financials and information technology sectors.

However, security selection within the consumer discretionary and industrials sectors detracted.

The SIMC factor-based momentum strategy underperformed in an environment in which momentum shifts (reversals) occurred at a higher-than-expected rate; as a result, the SIMC portfolio held securities in the information technology and consumer discretionary sectors that underperformed. McKinley lagged as its momentum-oriented approach also struggled due to faster-than-expected momentum shifts; McKinley held securities in the health care and consumer discretionary sectors that underperformed. During the portion of the fiscal year in which Fred Alger was in the Fund, security selection within the consumer discretionary sector and an overweight to the health care sector both detracted.

Fiera outperformed for the fiscal year and benefited from favorable security selection within the information technology, financials and health care sectors.

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		2.43%		14.31%		11.02%		12.92%		8.60%
Large Cap Growth Fund, Class I		2.22%		14.05%		10.78%		12.67%		5.88%
Large Cap Growth Fund, Class Y		2.70%		14.59%		11.24%		13.03%		8.64%
Russell 1000® Growth Index		3.71%		16.89%		13.38%		14.93%		9.79%

  10   SEI Institutional Managed Trust / Annual Report / September 30, 2019

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

¹ For the year ended 9/30/19. Past performance is no indication of future performance. Class F shares were offered beginning 12/20/94 and Class I shares were offered beginning 8/6/01. The performance of Class I shares prior to 8/6/01 is calculated using the performance of the fund’s Class F shares adjusted for the higher expenses of the Class I shares. Class Y shares were offered beginning 10/30/15 Class Y shares performance for the period prior to 10/30/15 is derived from the performance of Class F shares adjusted for the lower expenses of Class Y shares. Returns for Class Y shares are substantially similar to those of Class F shares and differ only to the extent that Class Y shares have lower total annual fund operating expenses than Class F shares. Returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The returns for certain periods reflect fee waivers and/or reimbursements in effect for that period; absent fee waivers and reimbursements, performance would have been lower.

  SEI Institutional Managed Trust / Annual Report / September 30, 2019   11

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FUND PERFORMANCE

September 30, 2019 (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

During the fiscal period ended September 30, 2019, the Fund used a single sub-advisor, SSGA Funds Management, Inc. (SSGA), under the general supervision of SEI Investments Management Corporation (SIMC). No manager changes were made during the Fund’s fiscal year.

III. Returns

For the full year ended September 30, 2019, the Large Cap Index Fund, Class F, returned 3.61%. The Fund’s benchmark—the Russell 1000^® Index—returned 3.87%.

IV. Performance Discussion

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

As noted in the shareholder letter, U.S. large-cap equities rose during the fiscal year. The economy and corporate revenues generally grew, but at a slower pace than in the previous reporting period. Interest rates fell, and the inverted yield curve—long-term interest rates fell below short-term rates—created concern that an economic recession was imminent. Among U.S. large-cap stocks, gains were concentrated in the information technology sector and bond proxies, such as utilities and real-estate investment trusts (REITs). Gains in the information technology sector continued a long-term leadership trend within the U.S. equity market. The outperformance of big technology companies also helped the largest-capitalization portion of the Russell 1000^® Index outperform medium-capitalization stocks within the index over the fiscal year. Gains among traditional high-yield stocks, such as utilities and REITs, were driven by the decrease in interest rates and the resulting scarcity of investment income available for investors. The health care sector underperformed as investors became more concerned about the potential for government action that could lead to lower profitability for companies within the sector. The energy sector also fell significantly during the fiscal year as the price of oil declined over 25%. The outperformance of the information technology sector and underperformance of economically-sensitive sectors—particularly energy, materials and industrials—

were key components of return differences between sectors within the index during the reporting period.

AVERAGE ANNUAL TOTAL RETURN¹

	1 Year Return		Annualized Inception to Date
Large Cap Index Fund, Class F		3.61%		4.86%
Russell 1000® Index		3.87%		5.20%

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

¹ For the year ended 9/30/19. 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.

  12   SEI Institutional Managed Trust / Annual Report / September 30, 2019

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FUND PERFORMANCE

September 30, 2019 (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, 2019: Brandywine Global Investment Management, LLC, Coho Partners, Ltd., Fiera Capital Inc., LSV Asset Management, Mar Vista Investment Partners, LLC, Parametric Portfolio Associates LLC and Schafer Cullen Capital Management.

During the period, BlackRock Investment Management, LLC, was removed from the Fund.

III. Returns

For the full year ended September 30, 2019, the Tax-Managed Large Cap Fund, Class F, returned 1.42%. The Fund’s benchmark—the Russell 1000^® Index—returned 3.87%.

IV. Performance Discussion

U.S. large-cap equities, as measured by the Russell 1000^® Index, gained 3.87% during the fiscal year ending September 30, 2019. The economy and corporate earnings generally grew, but at a slower pace than in the previous reporting period. As noted in the shareholder letter, interest rates fell, and the inverted yield curve—long-term interest rates fell below short-term rates—created concern that an economic recession was imminent. Among U.S. large-cap stocks, gains were concentrated in the information technology sector and bond proxies, notably utilities and real-estate investment trusts (REITs). Gains in the growth-oriented information technology sector continued a long-term leadership trend within U.S. equities. The outperformance by large technology names also helped the largest-capitalization portion of the Russell 1000^® Index outperform medium-capitalization stocks within the benchmark for the fiscal year. Gains among traditional high-yield stocks, such as utilities and REITs, were driven by the decrease in interest rates and the resulting scarcity of investment income available for investors.

The health care sector underperformed as investors became more concerned about the potential for government action that could lead to lower profitability for companies within the sector. The energy sector also fell significantly during the fiscal year as the price of oil declined over 25%. The outperformance of information technology and underperformance of economically-sensitive sectors, such as energy, materials and industrials, were key drivers of return differences between value and growth portfolios.

The Fund’s underweight to utilities detracted as the sector was the best performer over the past year. An overweight to health care also lagged as the sector also underperformed within the Fund benchmark. The Fund’s overweight to consumer staples was beneficial as the sector outperformed; selection within financials also benefited Fund performance.

Brandywine and LSV, the Fund’s deep-value managers, underperformed due to their medium-capitalization exposure and allocations to cheaper stocks, which lagged during the fiscal year. The SIMC factor-based momentum strategy underperformed due to its medium-capitalization overweight; also, momentum shifts (reversals) that occurred during the fiscal year happened at a higher-than-expected rate, and the strategy was unable to capture gains from short-term trends. Coho lagged due to its overweight to health care and poor security selection within the consumer staples sector. BlackRock underperformed due to the manager’s exposure to growth stocks that lagged during the first quarter of the fiscal year prior to the manager’s termination from the Fund in January.

Fiera outperformed as an underweight to the energy sector and stock selection within financials were both large contributors to relative performance. Mar Vista outperformed the Fund benchmark due to favorable security selection in the real estate, materials and health care sectors. Schafer Cullen outperformed as its exposure to stable stocks and overweight to the real-estate sector benefited from periods of increased volatility during the 12 month period.

  SEI Institutional Managed Trust / Annual Report / September 30, 2019   13

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FUND PERFORMANCE

September 30, 2019 (Unaudited)

Tax-Managed Large Cap Fund (Concluded)

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		1.42%		11.61%		8.32%		11.64%		5.84%
Tax-Managed Large Cap Fund, Class Y		1.67%		11.88%		8.57%		11.77%		5.90%
Russell 1000® Index		3.87%		13.19%		10.61%		13.22%		7.13%

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

¹ For the year ended 9/30/19. Past performance is no indication of future performance. Class F shares were offered beginning 3/5/98. Class Y shares were offered beginning 12/31/14. Class Y shares performance for the period prior to 12/31/14 is derived from the performance of Class F shares adjusted for the lower expenses of Class Y shares. Returns for Class Y shares are substantially similar to those of Class F shares and differ only to the extent that Class Y shares have lower total annual fund operating expenses than Class F shares. Returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The returns for certain periods reflect fee waivers and/or reimbursements in effect for that period; absent fee waivers and reimbursements, performance would have been lower.

  14   SEI Institutional Managed Trust / Annual Report / September 30, 2019

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FUND PERFORMANCE

September 30, 2019 (Unaudited)

S&P 500 Index Fund

I. Objective

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

II. Investment Approach

During the fiscal year ended September 30, 2019, the Fund used a single sub-advisor, SSGA Funds Management, Inc. (SSGA), under the general supervision of SEI Investments Management Corporation (SIMC). No manager changes were made during the Fund’s fiscal year.

III. Returns

For the full year ended September 30, 2019, the S&P 500 Index Fund, Class F, returned 4.07%. The Fund’s benchmark—the S&P 500 Index (Gross)—returned 4.25%.

IV. Performance Discussion

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

As noted in the shareholder letter, U.S. large-cap equities rose during the fiscal year. The economy and corporate revenues generally grew, but at a slower pace than in the previous reporting period. Interest rates fell, and the inverted yield curve—long-term interest rates fell below short-term rates—created concern that an economic recession was imminent. Among U.S. large-cap stocks, gains were concentrated in the information technology sector and in bond proxies, such as utilities and real-estate investment trusts (REIT). Gains in the information technology sector continued a long-term leadership trend within the U.S. equity market. The outperformance of big technology companies also helped the largest-capitalization portion of the S&P 500 Index outperform medium-capitalization stocks held within the index over the fiscal year. Gains among traditional high-yield stocks, such as utilities and REITs, were driven by the decrease in interest rates and the resulting scarcity of investment income available for investors. The health care sector underperformed as investors became more concerned about the potential for government action that could lead to lower profitability for companies within the sector. The energy sector also fell significantly during the fiscal year as the price of oil declined over 25%. The outperformance of the information technology sector and underperformance of economically-sensitive

sectors, particularly energy, materials and industrials, were key components of return differences between sectors within the index during the reporting period.

AVERAGE ANNUAL TOTAL RETURN1
			Annualized		Annualized		Annualized		Annualized
	1 Year		3 Year		5 Year		10 Year		Inception
	Return		Return		Return		Return		to Date
S&P 500 Index Fund, Class F		4.07%		13.05%		10.46%		12.85%		8.33%
S&P 500 Index Fund, Class I		3.66%		12.69%		10.15%		12.57%		8.03%
S&P 500 Index (Gross)		4.25%		13.39%		10.83%		13.23%		8.77%

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)

¹ For the year ended 9/30/19. 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, 2019   15

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FUND PERFORMANCE

September 30, 2019 (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, 2019: Copeland Capital Management, LLC, EAM Investors, LLC, Falcon Point Capital, LLC, LMCG Investments, LLC, Parametric Portfolio Associates LLC, Rice Hall James & Associates, LLC and Snow Capital Management L.P.

During the period, Copeland Capital Management, LLC briefly was added to the Fund, while AQR Capital Management, LLC, was removed from the Fund.

III. Returns

For the full year ended September 30, 2019, the Small Cap Fund, Class F, returned -10.85%. The Fund’s benchmark—the Russell 2000^® Index—returned -8.89%.

IV. Performance Discussion

The U.S. small-cap market, as measured by the Russell 2000^® Index, declined by 8.89% over the period as recessionary fears weighed on investors’ decision making. The U.S.-China trade war remained unresolved and global growth slowed, especially in Europe and China. Growth stocks’ lead over value stocks evaporated as capital fled to defensive, high-yielding areas of the market during sharp “risk-off” trades—most notably in December, May and August.

Defensive and higher-yielding sectors like utilities and real estate were the clear leaders for the period, although information technology was the lone traditional growth-oriented sector that remained immune from this change in leadership. Energy was the worst-performing sector, as oil prices slid and economic growth decelerated despite production concerns after an attack on Saudi Arabia’s largest production facility. Health care also underperformed, as it is notably less defensive in the small-cap universe than in large-cap. Pharmaceutical and biotechnology companies were the predominant culprits as investors shied away from lower-quality, more speculative companies.

Recessionary fears were first driven by an inversion of the yield curve, as long-term rates briefly fell below short-term rates. As noted in the shareholder letter, the Federal Reserve adopted a more dovish “flexibility” early in 2019, as it halted rate hikes for the remainder of the year. Subsequently, the central bank cut the federal-funds rate (twice) for the first time since the global financial crisis. Investors also continued to eye negotiations between the U.S. and China with caution as stalemates developed and global growth concerns weighed heavily on the market.

Smaller caps generally underperformed larger caps over the period as volatility periodically shook markets. Lower-volatility stocks were the primary winners over the reporting period, and while the Russell 2000^® Value Index outperformed the Russell 2000^® Growth Index, this was mostly due to outperformance in the defensive sectors rather than a sudden preference for less expensive companies. Cyclical value experienced a rare surge in early September at the expense of momentum and low-volatility stocks, but did not sustain itself. No factor besides low-volatility truly succeeded over the period.

The Fund underperformed its benchmark during the fiscal year due to weak stock selection within the financials, consumer discretionary and materials sectors. Underweights to real estate and utilities also detracted; typically underweighted by active managers, these were the best performing sectors. The Fund’s underweight to health care and overweight to information technology contributed to excess return, although not enough to overcome the detractors.

Given factor performance during the fiscal year, the Fund’s managers mostly performed how we would have expected.

Snow was the largest detractor, which was disappointing given value’s outperformance; Snow is typically more cyclically-oriented rather than exposed to the defensive areas of the market that succeeded. Still, the underperformance was largely selection-driven, particularly within the financials, industrials and materials sectors.

Rice Hall James also suffered from weak stock selection, especially in health care and consumer discretionary. Similarly, Falcon Point lagged due to poor selection in financials and health care.

SIMC’s Factor Based Momentum strategy moderately detracted and was challenged by weak selection in

  16   SEI Institutional Managed Trust / Annual Report / September 30, 2019

the consumer discretionary sector, along with style headwinds.

Copeland contributed most to relative returns, given its focus on stability-oriented names. Copeland had strong stock selection in the financials, health care and communication services sectors.

As a value manager with a quality bias, LMCG also benefited Fund performance. This was driven by an underweight to health care and selection in consumer staples and communication services.

      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		-10.85%		5.60%		4.83%		9.02%		9.02%
Small Cap Fund, Class Y		-10.66%		5.82%		5.06%		9.14%		9.14%
Russell 2000® Index		-8.89%		8.23%		8.18%		11.19%		11.19%

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

¹ For the year ended 9/30/19. 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. Class Y shares performance for the period prior to 12/31/14 is derived from the performance of Class F shares adjusted for the lower expenses of the Class Y shares. Returns for Class Y shares are substantially similar to those of Class F shares and differ only to the extent that Class Y shares have lower total annual fund operating expenses than Class F shares. Returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The returns for certain periods reflect fee waivers and reimbursements, performance would have been lower.

  SEI Institutional Managed Trust / Annual Report / September 30, 2019   17

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FUND PERFORMANCE

September 30, 2019 (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, 2019: Cardinal Capital Management, L.L.C., LSV Asset Management, Parametric Portfolio Associates LLC and Snow Capital Management, L.P.

During the period, AQR Capital Management, LLC, was removed from the Fund.

III. Returns

For the full year ended September 30, 2019, the Small Cap Value Fund, Class F, returned -9.62%. The Fund’s benchmark—the Russell 2000^® Value Index—returned -8.24%.

IV. Performance Discussion

The U.S. small-cap value market, as measured by the Russell 2000^® Value Index, declined by 8.24% over the period as recessionary fears weighed on investors’ decision making. The U.S.-China trade war remained unresolved and global growth slowed, especially in Europe and China. Growth stocks’ lead over value stocks evaporated as capital fled to defensive, high-yield areas of the market during sharp risk-off trades—most notably in December, May and August.

Defensive and higher-yielding sectors like utilities and real estate were the clear leaders for the period, although information technology was the lone traditional growth-oriented sector that remained immune from this change in leadership. Energy was the worst-performing sector, as oil prices slid and economic growth decelerated despite production concerns after an attack on Saudi Arabia’s largest production facility. Health care also underperformed, as it is notably less defensive in the small-cap universe than in large-cap. Pharmaceutical and biotechnology companies were the predominant culprits as investors shied away from lower-quality, more speculative companies.

Recessionary fears were first driven by an inversion of the yield curve, as long-term rates briefly fell below

short-term rates. As noted in the shareholder letter, the Federal Reserve adopted a more dovish “flexibility” early in 2019, as it halted rate hikes for the remainder of the year. Subsequently, the central bank cut the federal-funds rate (twice) for the first time since the global financial crisis. Investors also continued to eye negotiations between the U.S. and China with caution as stalemates developed and global growth concerns weighed heavily on the market.

Smaller caps generally underperformed larger caps over the period as volatility periodically shook markets. Lower-volatility stocks were the primary winners over the reporting period, and while the Russell 2000^® Value Index outperformed the Russell 2000^® Growth Index, this was mostly due to outperformance in the defensive sectors rather than a sudden preference for less expensive companies. Cyclical value experienced a rare surge in early September at the expense of momentum and low-volatility stocks, but did not sustain itself. No factor besides low-volatility truly succeeded over the period.

The Fund underperformed its benchmark during the fiscal year due to a significant underweight to the utilities sector and an overweight to the materials sector. Selection within financials and materials also detracted. An underweight to energy and selection in the consumer discretionary sector contributed to excess return, although not enough to overcome the detractors.

Snow was the Fund’s worst-performing manager and underperformed due to security selection within the financials, industrials and materials sectors. Snow was also hurt by underweights to real estate and utilities.

SIMC’s Factor Based Value strategy’s overweight to health care and selection within information technology primarily drove its slight underperformance.

Cardinal contributed most to excess return and benefited from style tailwinds to its stability bias. The manager had strong selection within the materials, industrials and communication services sectors and was helped by its underweight to energy.

LSV also benefited relative Fund performance through strong selection within information technology, financials and consumer discretionary. An underweight to health care also helped.

  18   SEI Institutional Managed Trust / Annual Report / September 30, 2019

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		-9.62%		3.73%		4.33%		8.55%		9.14%
Small Cap Value Fund, Class I		-9.83%		3.50%		4.10%		8.31%		8.83%
Small Cap Value Fund, Class Y		-9.42%		3.99%		4.53%		8.65%		9.18%
Russell 2000® Value Index		-8.24%		6.54%		7.17%		10.05%		9.89%

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

¹ For the year ended 9/30/19. Past performance is no indication of future performance. Class F shares were offered beginning 12/20/94 and Class I shares were offered beginning 2/11/02. Class I shares performance for the period prior to 2/11/02 is derived from the performance of Class F shares adjusted for the higher expenses of the Class I shares. Class Y shares were offered beginning 10/30/15. Class Y shares performance for the period prior to 10/30/15 is derived from the performance of Class F shares adjusted for the lower expenses of the Class Y shares. Returns for Class Y shares are substantially similar to those of Class F shares and differ only to the extent that Class Y shares have lower total annual fund operating expenses than Class F shares. Returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The returns for certain periods reflect fee waivers and/or reimbursements in effect for that period; absent fee waivers and reimbursements, performance would have been lower.

  SEI Institutional Managed Trust / Annual Report / September 30, 2019   19

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FUND PERFORMANCE

September 30, 2019 (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, 2019: 361 Capital LLC, ArrowMark Colorado Holdings LLC, EAM Investors, LLC, Falcon Point Capital, LLC, and Parametric Portfolio Associates LLC.

During the period, 361 Capital LLC was added to the Fund, while Axiom International Investors LLC was removed from the Fund.

III. Returns

For the full year ended September 30, 2019, the Small Cap Growth Fund, Class F, returned -13.89%. The Fund’s benchmark—the Russell 2000^® Growth Index—returned -9.63%.

IV. Performance Discussion

The U.S. small-cap growth market, as measured by the Russell 2000^® Growth Index, declined by 9.63% over the period as recessionary fears weighed on investors’ decision making. The U.S.-China trade war remained unresolved and global growth slowed, especially in Europe and China. Growth stocks’ lead over value stocks evaporated as capital fled to defensive, high-yield areas of the market during sharp risk-off trades—most notably in December, May and August.

Defensive and higher-yielding sectors like utilities and real estate were the clear leaders for the period, although information technology was the lone traditional growth-oriented sector that remained immune from this change in leadership. Energy was the worst-performing sector, as oil prices slid and economic growth decelerated despite production concerns after an attack on Saudi Arabia’s largest production facility. Health care also underperformed, as it is notably less defensive in the small-cap universe than in large cap. Pharmaceutical and biotechnology companies were the predominant culprits as investors shied away from lower-quality, more speculative companies.

Recessionary fears were first driven by an inversion of the yield curve, as long-term rates briefly fell below short-term rates. As noted in the shareholder letter, the Federal Reserve adopted a more dovish “flexibility” early in 2019, as it halted rate hikes for the remainder of the year. Subsequently, the central bank cut the federal-funds rate (twice) for the first time since the global financial crisis. Investors also continued to eye negotiations between the U.S. and China with caution as stalemates developed and global growth concerns weighed heavily on the market.

Smaller caps generally underperformed larger caps over the period as volatility periodically shook markets. Lower-volatility stocks were the primary winners over the reporting period.

The Fund underperformed its benchmark during the fiscal year due to weak stock selection within the health care, consumer discretionary and information technology sectors. The Fund’s underweights to health care and materials contributed to excess return, although not enough to overcome the detractors.

SIMC’s Factor Based Momentum strategy detracted most from relative returns primarily due to poor selection within the consumer discretionary and health care sectors. Falcon Point also lagged and was challenged by selection within health care and financials. ArrowMark underperformed and suffered from poor selection within information technology and health care.

EAM was the only manager to contribute to relative returns and benefited from its overweight to and selection within information technology.

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		-13.89%		8.75%		7.42%		11.15%		8.88%
Small Cap Growth Fund, Class I		-14.13%		8.47%		7.15%		10.87%		8.56%
Small Cap Growth Fund, Class Y		-13.68%		9.01%		7.63%		11.25%		8.92%
Russell 2000® Growth Index		-9.63%		9.79%		9.07%		12.24%		7.77%

  20   SEI Institutional Managed Trust / Annual Report / September 30, 2019

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

¹ For the year ended 9/30/19. Past performance is not an indication of future performance. Class F shares were offered beginning 4/20/92 and Class I shares were offered beginning 8/6/01. Class I shares performance for the period prior to 8/6/01 is derived from the performance of Class F shares adjusted for the higher expenses of Class I shares. Class Y shares were offered beginning 10/30/15. Class Y shares performance for the period prior to 10/30/15 is derived from the performance of Class F shares adjusted for the lower expenses of Class Y shares. Returns for Class Y shares are substantially similar to those of Class F shares and differ only to the extent that Class Y shares have lower total annual fund operating expenses than Class F shares. Returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The returns for certain periods reflect fee waivers and/or reimbursements in effect for that period; absent fee waivers and/or reimbursements, performance would have been lower.

  SEI Institutional Managed Trust / Annual Report / September 30, 2019   21

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FUND PERFORMANCE

September 30, 2019 (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, 2019: Cardinal Capital Management L.L.C., Hillsdale Investment Management Inc., Martingale Asset Management, LP, Parametric Portfolio Associates LLC, Rice Hall James and Associates, LLC and Snow Capital Management, L.P.

During the period, Hillsdale Investment Management Inc. and Martingale Asset Management, L.P., were added to the Fund while AQR Capital Management, LLC, and CastleArk Management LLC were removed from the Fund.

III. Returns

For the full year ended September 30, 2019, the Tax-Managed Small/Mid Cap Fund, Class F, returned -8.27%. The Fund’s benchmark—the Russell 2500^® Index—returned -4.04%.

IV. Performance Discussion

The U.S. small-mid-cap market, as measured by the Russell 2500 Index, declined by 4.04% over the period as recessionary fears weighed on investors’ decision making. The U.S.-China trade war remained unresolved, and global growth slowed, especially in Europe and China. Growth stocks’ lead over value stocks evaporated as capital fled to defensive, high-yielding areas of the market during sharp “risk-off” trades—most notably in December, May and August.

Defensive and higher-yielding sectors like utilities and real estate were the clear leaders for the period, although information technology was the lone traditional growth-oriented sector that remained immune from this change in leadership. Energy was the worst-performing sector, as oil prices slid and economic growth decelerated despite production concerns after an attack on Saudi Arabia’s largest production facility. Health care also underperformed, as it is notably less defensive in the small-cap universe than in large-cap. Pharmaceutical and biotechnology companies were the predominant

culprits as investors shied away from lower-quality, more speculative companies.

Recessionary fears were first driven by an inversion of the yield curve, as long-term rates briefly fell below short-term rates. As noted in the shareholder letter, the Federal Reserve adopted a more dovish “flexibility” early in 2019, as it halted rate hikes for the remainder of the year. Subsequently, the central bank cut the federal-funds rate (twice) for the first time since the global financial crisis. Investors also continued to eye negotiations between the U.S. and China with caution as stalemates developed and global growth concerns weighed heavily on the market.

Smaller caps generally underperformed larger caps over the period as volatility periodically shook markets. Lower-volatility stocks were the primary winners over the reporting period, and while the Russell 2500 Value Index narrowly outperformed the Russell 2500 Growth Index, this was mostly due to outperformance in the defensive sectors rather than a sudden preference for less expensive companies. Cyclical value experienced a rare surge in early September at the expense of momentum and low-volatility stocks, but did not sustain itself. No factor besides low-volatility truly succeeded over the period.

The Fund underperformed its benchmark during the fiscal year due to weak stock selection within the health care and financials sectors. Underweights to real estate and information technology also detracted, while an underweight to energy and overweight to health care contributed.

Two of the Fund’s fundamental managers struggled with security selection during the reporting period. Snow was the largest detractor due to poor selection within the financials, industrials and materials sectors; the manager was unable to capitalize on the mild value tailwinds due to its more cyclical, rather than defensive, exposure. Rice Hall James also lagged and was challenged by poor selection within the health care and consumer discretionary sectors.

Martingale was added to the Fund early in the fiscal year and was the largest contributor to relative returns; the manager benefited from tailwinds to its low-volatility style and an underweight to the energy sector. Prior to its termination from the Fund, AQR also contributed as its low-volatility mandate was favored.

  22   SEI Institutional Managed Trust / Annual Report / September 30, 2019

AVERAGE ANNUAL TOTAL RETURN¹

			Annualized		Annualized		Annualized		Annualized
	1 Year Return		3 Year Return		5 Year Return		10 Year Return		Inception to Date
Tax-Managed Small/Mid Cap Fund, Class F		-8.27%		7.36%		6.20%		10.42%		6.54%
Tax-Managed Small/Mid Cap Fund, Class Y		-8.12%		7.58%		6.42%		10.53%		6.60%
Russell 2500® Index		-4.04%		9.51%		8.57%		12.21%		8.43%

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

¹ For the year ended 9/30/19. Past performance is no indication of future performance. Class F shares were offered beginning 10/31/00. Class Y shares were offered beginning 12/31/14. Class Y shares performance for the period prior to 12/31/14 is derived from the performance of Class F shares adjusted for the lower expenses of Class Y shares. Returns for Class Y shares are substantially similar to those of Class F shares and differ only to the extent that Class Y shares have lower total annual fund operating expenses than Class F shares. Returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The returns for the period reflect fee waivers and/or reimbursements in effect for the period; absent fee waivers and reimbursements, performance would have been lower.

  SEI Institutional Managed Trust / Annual Report / September 30, 2019   23

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FUND PERFORMANCE

September 30, 2019 (Unaudited)

Mid-Cap Fund

I. Objective

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

II. Investment Approach

The Fund used a single sub-advisor, Quantitative Management Associates LLC, under the general supervision of SEI Investments Management Corporation (SIMC) during the fiscal year ending September 30, 2019. No manager changes were made during the Fund’s fiscal year.

III. Returns

For the full year ended September 30, 2019, the Mid-Cap Fund, Class F, returned -3.10%. The Fund’s benchmark—the Russell Midcap^® Index—returned 3.19%.

IV. Performance Discussion

The U.S. mid-cap market, as measured by the Russell Midcap^® Index, rose by 3.19% over the fiscal year as recessionary fears weighed on investors’ decision making. The U.S.-China trade war remained unresolved and global growth slowed, especially in Europe and China. Growth stocks’ lead over value stocks evaporated as capital fled to defensive, high-yielding areas of the market during sharp “risk-off” trades—most notably in December, May and August.

Defensive and higher-yielding sectors like utilities and real estate were the clear leaders for the period, although information technology was the lone traditional growth-oriented sector that remained immune from this change in leadership. Energy was the worst-performing sector, as oil prices slid and economic growth decelerated, despite production concerns after an attack on Saudi Arabia’s largest production facility. Health care also underperformed; pharmaceutical and biotechnology companies were the predominant culprits as investors shied away from lower-quality, more speculative companies.

Recessionary fears were first driven by an inversion of the yield curve, as long-term rates briefly fell below short-term rates. As noted in the shareholder letter, the Federal Reserve adopted a more dovish “flexibility” early in 2019, as it halted rate hikes for the remainder of the year. Subsequently, the central bank cut the federal-funds rate (twice) for the first time since the global financial crisis. Investors also continued to eye negotiations between the U.S. and China with caution as stalemates developed and global growth concerns weighed heavily on the market.

Lower-volatility stocks were the primary winner over the reporting period, and while value indexes in the U.S. generally outperformed their respective growth counterparts, this was mostly due to outperformance in the defensive sectors rather than a sudden preference for less expensive companies. Cyclical value experienced a rare surge in early September at the expense of momentum and low-volatility stocks, but did not sustain itself. No factor besides low-volatility truly succeeded over the period.

The Fund underperformed its benchmark during the fiscal year, as QMA, the Fund’s sole manager, struggled due to an underweight to the utilities sector and poor security selection within the consumer discretionary, materials and industrials sectors; the manager benefited from its underweight to the energy sector.

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		-3.10%		8.90%		8.21%		11.97%		9.83%
Mid-Cap Fund, Class I		-3.27%		8.68%		7.97%		11.71%		9.54%
Mid-Cap Fund, Class Y		-2.85%		9.18%		8.42%		12.08%		9.87%
Russell Midcap® Index		3.19%		10.69%		9.10%		13.06%		10.84%

  24   SEI Institutional Managed Trust / Annual Report / September 30, 2019

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

¹ For the year ended 09/30/19. Past performance is not indication of future performance. Class F shares were offered beginning 2/16/93 and Class I shares were offered beginning 10/01/07. Class I shares performance for the period prior to 10/01/07 is derived from the performance of Class F shares adjusted for the higher expenses of the Class I Shares. Class Y shares were offered beginning 10/30/15. Class Y shares performance for the period prior to 10/30/15 is derived from the performance of Class F shares adjusted for the lower expenses of the Class Y shares. Returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The returns for the period reflect fee waivers and/or reimbursements in effect for the period; absent fee waivers and reimbursements, performance would have been lower.

  SEI Institutional Managed Trust / Annual Report / September 30, 2019   25

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FUND PERFORMANCE

September 30, 2019 (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 Corp. (SIMC). The Fund utilized the following sub-advisors as of September 30, 2019: LSV Asset Management and Wells Capital Management, Inc. (formerly known as Analytic Investors, LLC). No manager changes were made during the Fund’s fiscal period.

III. Returns

For the full year ended September 30, 2019, the U.S. Managed Volatility Fund, Class F, returned 7.89%. The Fund’s benchmark—the Russell 3000^® Index—returned 2.92%.

IV. Performance Discussion

The fiscal year was characterized by a significant increase in market volatility, with a broad market selloff followed by a steep market rebound; in the rapidly changing market environment, defensive sectors were the best place to hide. The last quarter of 2018 was a difficult period for equities as the U.S. finally succumbed to a “risk-off” sentiment after the longest bull market in history, and U.S. equities, previously supported by a concentrated outperformance of large-cap names in the information technology sector, sold off dramatically. The market downturn was attributed to fears of a possible recession amid slowing earning growth, rich market valuations, tightening monetary conditions and U.S.-China trade tensions. By contrast, 2019 started with optimism for U.S. equities. As noted in the shareholder letter, fueled by an increasingly dovish Federal Reserve, U.S. equities bounced back from a poor quarter, as the central bank stepped away from tighter monetary policy to compensate for deteriorating economic momentum. U.S. equities continued their upward trend throughout the rest of the period, despite being shaken by several bouts of volatility, as investors reacted to the escalation of trade-war dynamics and an uninspiring economic outlook; the Russell 3000^® Index ended the fiscal year up 2.92%.

The Fund provided downside mitigation throughout the volatile period and delivered strong risk reduction

compared to its benchmark, as measured by the standard deviation of its daily returns. Given falling long-term bond yields and the higher interest-rate sensitivity of lower-volatility names, the Fund benefited and posted strong total returns, despite the negative portfolio effects of its lower exposure to outperforming large-cap defensive names. At the sector level, strategic overweights to the “safe-haven” sectors—such as utilities and consumer staples—along with underweights to economically-sensitive areas of the market—such as energy and industrials—were beneficial and contributed to Fund performance.

Both managers achieved substantial risk reduction and positive returns, both relative to the benchmark, over the reporting period, benefiting from style tailwinds in the environment of spiked market volatility. Wells Capital Management, Inc. was the better-performing manager and benefited from its greater low-volatility exposure. LSV also outperformed the benchmark due to its low-volatility style, although its smaller tilt toward defensive sectors slightly mitigated performance.

            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		7.89%		10.51%		9.60%		12.86%		9.11%
U.S. Managed Volatility Fund, Class I		7.62%		10.23%		9.35%		12.59%		8.81%
U.S. Managed Volatility Fund, Class Y		8.16%		10.78%		9.86%		12.99%		9.20%
Russell 3000® Index		2.92%		12.83%		10.44%		13.07%		9.01%

  26   SEI Institutional Managed Trust / Annual Report / September 30, 2019

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

¹ For the year ended 9/30/19. Past performance is no indication of future performance. Class F shares were offered beginning 10/28/04 and Class I shares were offered beginning 6/29/07. Class I shares performance for the period prior to 06/29/07 is derived from the performance of Class F shares adjusted for the higher expenses of the Class I shares. Class Y shares were offered beginning 12/31/14. Class Y shares performance for the period prior to 12/31/14 is derived from the performance of Class F shares adjusted for the lower expenses of the Class Y shares. Returns for Class Y shares are substantially similar to those of Class F shares and differ only to the extent that Class Y shares have lower total annual fund operating expenses than Class F shares. Returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The returns for the period reflect fee waivers and/or reimbursements in effect for the period; absent fee waivers and reimbursements, performance would have been lower.

  SEI Institutional Managed Trust / Annual Report / September 30, 2019   27

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FUND PERFORMANCE

September 30, 2019 (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 Corp. (SIMC). The Fund utilized the following sub-advisors as of September 30, 2019: Acadian Asset Management LLC and Wells Capital Management, Inc. (formerly known as Analytic Investors, LLC). No manager changes were made during the Fund’s fiscal year.

III. Returns

For the full year ended September 30, 2019, the Global Managed Volatility Fund, Class F, returned 4.75%. The Fund’s benchmark—the MSCI World Index (Net)—returned 1.83%.

IV. Performance Discussion

The fiscal year was characterized by a significant increase in market volatility, with a broad market selloff followed by a steep rebound; in the rapidly changing market environment, defensive sectors were the best place to hide. The last quarter of 2018 was a difficult period for equities as the U.S. finally succumbed to a “risk-off” sentiment after the longest bull market in history, and global equities, previously supported by a concentrated outperformance of large-cap names in the U.S. information technology sector, sold off dramatically. The market downturn was attributed to fears of a possible recession amid slowing earnings growth, rich market valuations, tightening monetary conditions and U.S.-China trade tensions. By contrast, 2019 started with optimism for global markets. As noted in the shareholder letter, fueled by an increasingly dovish Federal Reserve, equities bounced back from a poor quarter, as major central banks stepped away from tighter monetary policy to compensate for deteriorating economic momentum. Global markets continued their upward trend throughout the rest of the period, despite being shaken by several bouts of volatility, as investors reacted to the escalation of trade war dynamics and an uninspiring economic outlook; the MSCI World Index (Net) ended the fiscal year up 1.83%.

The Fund provided downside mitigation throughout the volatile period and delivered strong risk reduction compared to its benchmark, as measured by the standard deviation of its daily returns. Given falling long-term bond yields and the higher interest-rate sensitivity of lower-volatility names, the Fund benefited and posted strong total returns. However, the Fund’s value bias and more diverse portfolio holdings partially offset the style tailwinds, as investors sought comfort in large-cap defensive names. At the sector level, strategic overweights to the perceived “safe-haven” sectors—such as utilities and consumer staples—along with underweights to economically-sensitive areas of the market—such as energy and industrials—were beneficial and contributed to Fund performance.

Both managers achieved substantial risk reduction and posted positive absolute returns over the reporting period, benefiting from style tailwinds in an environment of increased market volatility. Wells Capital Management, Inc., delivered stronger performance thanks to its higher low-volatility exposure. In contrast, Acadian posted weaker returns on the back of a relatively lower allocation to low-beta names and its value bias, which was not favorable in the current market environment as investors avoided cheaper names on the back of trade war fears and broader macroeconomic concerns.

The Fund also used derivatives to hedge currency risk. For the fiscal period, hedging currency risk had a positive effect. In the environment of a strengthening U.S. dollar against major currencies, hedging back the exposure to non-U.S. countries was favorable.

AVERAGE ANNUAL TOTAL RETURN¹

	1 Year Return		Annualized 3 Year Return		Annualized 5 Year Return		Annualized 10 Year Return		Annualized Inception to Date
Global Managed Volatility Fund, Class F		4.75%		7.98%		8.55%		9.54%		5.56%
Global Managed Volatility Fund, Class I		4.45%		7.68%		8.26%		9.27%		5.27%
Global Managed Volatility Fund, Class Y		4.95%		8.21%		8.81%		9.67%		5.66%
MSCI World Index (Net)		1.83%		10.21%		7.18%		9.00%		5.99%

  28   SEI Institutional Managed Trust / Annual Report / September 30, 2019

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)

¹ For the year ended 9/30/19. Past performance is no indication of future performance. Class F shares were offered beginning 7/27/06 and Class I shares were offered beginning 6/29/07. Class I shares performance for the period prior to 06/29/07 is derived from the performance of Class F shares adjusted for the higher expenses of the Class I shares. Class Y shares were offered beginning 12/31/14. Class Y shares performance for the period prior to 12/31/14 is derived from the performance of Class F shares adjusted for the lower expenses of the Class Y shares. Returns for Class Y shares are substantially similar to those of Class F shares and differ only to the extent that Class Y shares have lower total annual fund operating expenses than Class F shares. Returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The returns for the period reflect fee waivers and/or reimbursements in effect for the period; absent fee waivers and reimbursements, performance would have been lower.

  SEI Institutional Managed Trust / Annual Report / September 30, 2019   29

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FUND PERFORMANCE

September 30, 2019 (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 Corp. (SIMC). The Fund utilized the following sub-advisors as of September 30, 2019: LSV Asset Management, Parametric Portfolio Associates LLC and Wells Capital Management, Inc. (formerly known as Analytic Investors, LLC). No manager changes were made during the Fund’s fiscal year.

III. Returns

For the full year ended September 30, 2019, the Tax-Managed Managed Volatility Fund, Class F, returned 7.16%. The Fund’s benchmark—the Russell 3000^® Index—returned 2.92%.

IV. Performance Discussion

The fiscal year was characterized by a significant increase in market volatility, with a broad market selloff followed by a steep market rebound; in the rapidly changing market environment, defensive sectors were the best place to hide. The last quarter of 2018 was a difficult period for equities as the U.S. finally succumbed to a “risk-off” sentiment after the longest bull market in history, and U.S. equities, previously supported by a concentrated outperformance of large-cap names in the information technology sector, sold off dramatically. The market downturn was attributed to fears of a possible recession amid slowing earning growth, rich market valuations, tightening monetary conditions and U.S.-China trade tensions. By contrast, 2019 started with optimism for U.S. equities. As noted in the shareholder letter, fueled by an increasingly dovish Federal Reserve, U.S. equities bounced back from a poor quarter, as the central bank stepped away from tighter monetary policy to compensate for deteriorating economic momentum. U.S. equities continued their upward trend throughout the rest of the period, despite being shaken by several bouts of volatility, as investors reacted to the escalation of trade-war dynamics and an uninspiring economic outlook. The Fund’s benchmark, the Russell 3000 Index, which tracks the performance of the broad U.S. equity market, ended the fiscal year up 2.92%.

The Fund provided downside mitigation throughout the volatile period and delivered strong risk reduction compared to its benchmark, as measured by the standard deviation of its daily returns. Given falling long-term bond yields and the higher interest-rate sensitivity of lower-volatility names, the Fund benefited and posted strong total returns, despite the negative portfolio effects of its lower exposure to outperforming large-cap defensive names. At the sector level, strategic overweights to the “safe-haven” sectors—such as utilities and consumer staples—along with underweights to economically-sensitive areas of the market—such as energy and industrials—were beneficial and contributed to Fund performance.

Both managers achieved substantial risk reduction and posted positive relative returns over the reporting period, benefiting from style tailwinds in the environment of spiked market volatility. Wells Capital Management, Inc., was the better-performing manager and benefited from its higher low-volatility exposure and strong security selection. LSV also outperformed the benchmark due to its low-volatility style, although its value bias and smaller tilt toward defensive sectors slightly mitigated performance.

AVERAGE ANNUAL TOTAL RETURN¹

			Annualized		Annualized		Annualized		Annualized
	1 Year Return		3 Year Return		5 Year Return		10 Year Return		Inception to Date
Tax-Managed Managed Volatility Fund, Class F		7.16%		10.72%		10.04%		12.89%		9.13%
Tax-Managed Managed Volatility Fund, Class Y		7.42%		11.02%		10.29%		13.01%		9.23%
Russell 3000® Index		2.92%		12.83%		10.44%		13.07%		8.46%

  30   SEI Institutional Managed Trust / Annual Report / September 30, 2019

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

¹ For the year ended 9/30/19. Past performance is not an indication of future performance. Class F shares were offered beginning 12/20/07 and Class Y shares were offered beginning 4/30/15. Class Y shares performance for the period prior to 4/30/15 is derived from the performance of Class F shares adjusted for the lower expenses of Class Y shares. Returns for Class Y shares are substantially similar to those of Class F shares and differ only to the extent that Class Y shares have lower total annual fund operating expenses than Class F shares. Returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The returns for certain periods reflect fee waivers and/or reimbursements in effect for that period; absent fee waivers and/or reimbursements, performance would have been lower.

  SEI Institutional Managed Trust / Annual Report / September 30, 2019   31

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FUND PERFORMANCE

September 30, 2019 (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 less 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 Corp. (SIMC). The Fund utilized the following sub-advisors as of September 30, 2019: Acadian Asset Management LLC, LSV Asset Management, Parametric Portfolio Associates LLC and Wells Capital Management, Incorporated (formerly known as Analytic Investors, LLC). No manager changes were made during the Fund’s fiscal period.

III. Returns

For the full year ended September 30, 2019, the Tax-Managed International Managed Volatility Fund, Class F, returned -2.76%. The Fund’s benchmark—the MSCI EAFE Index —returned -1.34%.

IV. Performance Discussion

The year was characterized by a significant increase in market volatility, with a broad market selloff followed by a steep market rebound; in the rapidly changing market environment, defensive sectors were the best place to hide. European, Australasian and Far East (EAFE) stocks plunged toward the end of 2018, as recession and U.S.-China trade war fears overwhelmed the markets; rich valuations, tightening monetary conditions and political instability combined to form a challenging environment in the region. By contrast, 2019 started with optimism for global markets. As noted in the shareholder letter, fueled by an increasingly dovish Federal Reserve, equities bounced back from a poor quarter, as major central banks stepped away from tighter monetary policy to compensate for deteriorating economic momentum. Global markets continued their upward trend throughout the rest of the period, despite being shaken by several bouts of volatility, as investors reacted to trade war dynamics, Brexit uncertainty and rising concerns over global growth; the MSCI EAFE Index ended the fiscal year down 1.34%.

The Fund provided downside mitigation throughout the volatile period and delivered strong risk reduction compared to its benchmark (as measured by the

standard deviation of its daily returns) but posted negative performance in absolute terms.

Although falling long-term bond yields provided a tailwind to the Fund’s lower-volatility names, the positive effect was offset by the Fund’s value bias and more diverse portfolio, as investors sought comfort in large-cap defensive names. At the sector level, a strategic overweight to the “safe-haven” sectors—such as utilities and consumer staples—along with underweights to economically-sensitive areas of the market—such as energy and industrials—were beneficial and contributed to Fund performance.

LSV struggled most due to its value tilt, which was particularly unfavorable in Europe and Japan, where trade tensions and economic risks played on the minds of investors and forced them to stay away from cheaper names. The manager’s performance was further weighed down by higher portfolio diversification levels (relatively lower exposure to mega-cap names) and some stock-specific disappointments. Wells Capital outperformed and benefited from holding deep low-volatility exposure.

AVERAGE ANNUAL TOTAL RETURN¹

	1 Year Return		Annualized Inception to Date
Tax-Managed International Managed Volatility Fund, Class F		-2.76%		4.38%
Tax-Managed International Managed Volatility Fund, Class Y		-2.47%		4.64%
MSCI EAFE Index		-1.34%		7.43%

  32   SEI Institutional Managed Trust / Annual Report / September 30, 2019

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.

¹ For the year ended 9/30/19. 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, 2019   33

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FUND PERFORMANCE

September 30, 2019 (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

During the one-year period ending September 30, 2019, the Fund used a single sub-advisor, CenterSquare Investment Management LLC, under the general supervision of SEI Investments Management Corporation (SIMC). No manager changes were made during the Fund’s fiscal year.

III. Returns

For the full year ended September 30, 2019, the Real Estate Fund, Class F, returned 17.35%. The Fund’s benchmark—Wilshire US Real Estate Securities Index—returned 18.27%.

IV. Performance Discussion

The U.S. small-cap market, as measured by the Russell 2000^® Index, declined by 8.89% over the fiscal year, while the Wilshire US Real Estate Securities Index rose 18.27%. The real-estate sector’s impressive relative performance came on the back of recessionary fears that began to creep into investors’ preferences. The U.S.-China trade war remained unresolved and global growth slowed, especially in Europe and China. Growth stocks’ lead over value stocks evaporated as capital fled to defensive, high-yielding areas of the market during sharp “risk-off” trades—most notably in December, May and August.

Defensive and higher-yielding sectors like utilities and real estate were the clear leaders for the period, although information technology was the lone traditional growth-oriented sector that remained immune from this change in leadership. Energy was the worst-performing sector, as oil prices slid and economic growth decelerated despite production concerns after an attack on Saudi Arabia’s largest production facility. Health care also underperformed, as it is notably less defensive in the small-cap universe than in large-cap. Pharmaceutical and biotechnology companies were the predominant culprits as investors shied away from lower-quality, more speculative companies.

Recessionary fears were first driven by an inversion of the yield curve, as long-term rates briefly fell below short-term rates. As noted in the shareholder letter, the Federal Reserve adopted a more dovish “flexibility” early in 2019, as it halted rate hikes for the remainder of the year. Subsequently, the central bank cut the

federal-funds rate (twice) for the first time since the global financial crisis. Investors also continued to eye negotiations between the U.S. and China with caution as stalemates developed and global growth concerns weighed heavily on the market. As the outlook for short-term interest rates has changed, high-yield sectors of the market like real estate may continue to outperform as investors reach for yield.

Smaller-caps generally underperformed larger-caps over the period as volatility periodically shook markets. Lower-volatility stocks were the primary winner over the reporting period, and while the Russell 2000^® Value Index outperformed the Russell 2000^® Growth Index, this was mostly due to outperformance in the defensive sectors rather than a sudden preference for less expensive companies. Cyclical value experienced a rare surge in early September at the expense of momentum and low-volatility stocks, but did not sustain itself. No factor besides low-volatility truly succeeded over the period, much to the benefit of the real-estate sector.

The Fund underperformed its benchmark during the fiscal year, as CenterSquare Investment Management, the Fund’s sole manager, struggled due to poor security selection.

AVERAGE ANNUAL TOTAL RETURN¹

			Annualized		Annualized		Annualized		Annualized
	1 Year Return		3 Year Return		5 Year Return		10 Year Return		Inception to Date
Real Estate Fund, Class F		17.35%		7.02%		9.85%		12.24%		9.21%
Real Estate Fund, Class I		17.06%		6.76%		9.60%		11.99%		8.96%
Real Estate Fund, Class Y		17.65%		7.27%		10.10%		12.37%		9.29%
Wilshire US Real Estate Securities Index		18.27%		7.47%		10.48%		13.18%		9.98%

  34   SEI Institutional Managed Trust / Annual Report / September 30, 2019

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 US Real Estate Securities Index

¹ For the year ended 9/30/19. Past performance is not an indication of future performance. Class F shares were offered beginning 11/13/03 and Class I shares were offered beginning 10/01/07. Class I shares performance for the period prior to 10/01/07 is derived from the performance of Class F shares adjusted for the higher expenses of Class I shares. Class Y shares were offered beginning 12/31/14. Class Y shares performance for the period prior to 12/31/14 is derived from the performance of Class F shares adjusted for the lower expenses of Class Y shares. Returns for Class Y shares are substantially similar to those of Class F shares and differ only to the extent that Class Y shares have lower total annual fund operating expenses than Class F shares. Returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The returns for certain periods reflect fee waivers and/or reimbursements in effect for that period; absent fee waivers and/or reimbursements, performance would have been lower.

  SEI Institutional Managed Trust / Annual Report / September 30, 2019   35

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FUND PERFORMANCE

September 30, 2019 (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, 2019: Jennison Associates LLC, MetLife Investment Management, LLC, Metropolitan West Asset Management LLC, Wells Capital Management, Inc., Western Asset Management Company and Western Asset Management Company Limited.

III. Returns

For the full year ended September 30, 2019, the Core Fixed Income Fund, Class F, returned 10.45%, while the Fund’s benchmark—the Bloomberg Barclays US Aggregate Bond Index—returned 10.30%.

IV. Performance Discussion

U.S. Treasury yields peaked in early November 2018 before declining over the remainder of the fiscal year. As noted in the shareholder letter, the Federal Reserve raised rates 25 basis points in December 2018 before making a dovish pivot and cutting rates two times in 25 basis point increments in July and September 2019. Long-term yields declined in a larger magnitude than short-term yields, and the yield curve inverted at the front end. Global growth concerns due to U.S.-China trade tensions, Brexit and other geopolitical events, along with muted inflation, helped drive yields lower. The year ended near a record amount of global government bonds trading at negative yields, which created demand for U.S. fixed-income assets due to their higher quality and yields.

The Fund’s slightly longer duration and an overweight to 30-year U.S. Treasurys (whose yield established a new record low around 1.90% in August 2019) benefited performance as yields declined. While Treasury yields fell, spread sectors outperformed, except for agency mortgage-backed securities (MBS). A small overweight to investment-grade credit, expressed primarily through an overweight to the financials sector (which were the best performing corporate sub-sector), added to returns.

The Fund maintained an allocation to non-agency MBS, which benefited from the continued recovery of the housing market, albeit at a slower rate due to mortgage principal pay downs and a shrinking supply of these securities. The Fund’s overweight to commercial MBS (CMBS) was positive, as the demand for, and fundamentals of, commercial properties improved in line with U.S. economic growth. Lastly, the Fund’s overweight to asset-backed securities (ABS) contributed to performance; as referenced in the shareholder letter, the historically strong labor market and improving wage growth boosted the debt profile of the U.S. consumer and enabled these securities to outperform. Increased volatility in the interest-rate markets caused agency MBS spreads to widen and underperform comparable Treasury bonds, and the Fund’s overweight subtracted. Small allocations to high-yield and emerging-market debts subtracted as these allocations produced positive returns, but lagged the returns of the investment-grade market.

Western Asset Management Company was the best performing manager due to its overweight to investment-grade credit and yield-curve positioning, particularly its overweight to the 30-year segment of the curve. Metropolitan West Asset Management LLC also outperformed as a result of overweights to ABS and CMBS, along with an overweight to the financials sector, while more conservative corporate positioning mitigated returns. MetLife Investment Management, LLC, outperformed due to its overweight to investment-grade credit and security selection within the securitized sector. Wells Capital Management, Inc., also outperformed due to its security selection within asset-backed securities (ABS), which was modestly offset by an overweight to underperforming mortgage-backed securities (MBS). Jennison Associates, LLC, underperformed due to its more defensive positioning within investment-grade credit and a yield-curve steepener position at the front end of the curve.

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

  36   SEI Institutional Managed Trust / Annual Report / September 30, 2019

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		10.45%		3.19%		3.51%		4.92%		6.11%
Core Fixed Income Fund, Class I		10.11%		2.96%		3.28%		4.70%		5.73%
Core Fixed Income Fund, Class Y		10.71%		3.47%		3.74%		5.04%		6.15%
Bloomberg Barclays US Aggregate Bond Index		10.30%		2.92%		3.38%		3.75%		6.27%

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

¹ For the year ended 9/30/19. Past performance is no indication of future performance. Class F shares were offered beginning 5/1/87 and Class I shares were offered beginning 8/06/01. Class I shares performance for the period prior to 06/29/07 is derived from the performance of Class F shares adjusted for the higher expenses of the Class I shares. Class Y shares were offered beginning 06/30/15. Class Y shares performance for the period prior to 06/30/15 is derived from the performance of Class F shares adjusted for the lower expenses of the Class Y shares. Returns for Class Y shares are substantially similar to those of Class F shares and differ only to the extent that Class Y shares have lower total annual fund operating expenses than Class F shares. Returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The returns for the period reflect fee waivers and/or reimbursements in effect for the period; absent fee waivers and reimbursements, performance would have been lower.

  SEI Institutional Managed Trust / Annual Report / September 30, 2019   37

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FUND PERFORMANCE

September 30, 2019 (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, 2019: Ares Management LLC, Benefit Street Partners, LLC, Brigade Capital Management, LP, J.P. Morgan Investment Management Inc. and T. Rowe Price Associates, Inc. No manager changes were made during the Fund’s fiscal year.

III. Returns

For the full-year ended September 30, 2019, the High-Yield Bond Fund, Class F, returned 4.24%. The Fund’s benchmark—the ICE BofAML US High Yield Constrained Index—returned 6.30%.

IV. Performance Discussion

The high-yield market, as measured by the ICE BofAML US High Yield Constrained Index, fell nearly 5% in the first quarter of the fiscal year as economic data trended weaker, igniting a shift in the anticipated direction of the Federal Reserve’s (Fed) monetary policy. This environment drove a selloff for risky assets, including high-yield bonds. However, the high-yield market rebounded firmly in January, nearly offsetting the previous quarter’s decline, and trended higher over the remainder of the reporting period, gaining approximately 11% over the final nine months. The energy sector—the largest sector of the high-yield market—has been the focus in recent years but was the worst-performing sector, falling nearly 7.5% for the period, the only primary sector to generate a negative return. The effective yield on the ICE BofAML US High Yield Constrained Index began the period at 6.29%, hit a high of 8.11% on December 26, reached a low of 5.70% on September 19, and finished the period at 5.87%. The market spread began the period at 328 basis points, touching a low of 316 basis points on October 3, reaching its period high of 544 basis points on January 3, and finishing the period at 402 basis points. BB rated bonds were the top performer, returning 9.60%, followed by B rated bonds, which gained 5.60%, and CCC rated bonds, which fell 5.01%.

The Fund’s allocation to structured credit, primarily collateralized loan obligations (CLOs), detracted during the reporting period. As noted in the shareholder letter, risk assets sold off broadly toward the end of 2018; CLOs were particularly hurt due to a heavy new-issue supply calendar and reversal in Fed monetary policy. Early in 2018, market participants had expected the Fed to raise interest rates throughout 2019 and 2020; however, weak economic data caused the central bank to reverse course in late 2018. Floating-rate assets such as loans and CLOs suffered—as evidenced by record outflows from loan mutual funds. Security selection within retail, notably specialty retail, as well as an underweight to and selection within the services sector, were also headwinds to Fund performance. Security selection within the consumer goods, technology and real estate sectors all contributed.

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, as its overweight to and selection within the energy sector, as well as selection within basic industry, were both challenged; the manager’s overweight to and selection within technology, as well as selection within the financial services sector, contributed. Benefit Street Partners also had negative relative performance due to its overweight to and selection within energy, as well as selection within the basic industry sector; security selection within retail and financial services both contributed.

Ares, T. Rowe Price and J.P. Morgan outperformed; each benefited from an underweight to the energy sector. Ares was the top-performing manager, as its overweights to and selection within both the consumer goods and health care sectors also contributed, while underweights to retail, banking and financial services detracted. An overweight to the media sector and selection within real estate supported T. Rowe Price’s outperformance, while the manager’s selection within health care, communication services and basic industry all lagged. J.P. Morgan also had positive relative performance due to selection within the services and media sectors, while its selection within the retail, health care and banking sectors detracted.

The Fund used derivatives throughout the fiscal year ending September 30, 2019, 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, and they had a negligible impact on overall Fund performance.

  38   SEI Institutional Managed Trust / Annual Report / September 30, 2019

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		4.24%		5.92%		4.90%		7.98%		7.08%
High Yield Bond Fund, Class I		3.79%		5.64%		4.49%		7.32%		6.75%
High Yield Bond Fund, Class Y		4.35%2		6.13%		5.11%		8.08%		7.12%
ICE BofAML US High Yield Constrained Index		6.30%		6.07%		5.36%		7.83%		7.58%

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 BofAML US High Yield Constrained Index

¹ For the year ended 9/30/19. Past performance is not an indication of future performance. Class F shares were offered beginning 1/11/95 and Class I shares were offered beginning 10/1/07. Class I shares performance for the period prior to 10/1/07 is derived from the performance of Class F shares adjusted for the higher expenses of the Class I shares. Class Y shares were offered beginning 12/31/14. Class Y shares performance for the period prior to 12/31/14 is derived from the performance of Class F shares adjusted for the lower expenses of the Class Y shares. Returns for Class Y shares are substantially similar to those of Class F shares and differ only to the extent that Class Y shares have lower total annual fund operating expenses than Class F shares. Returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The returns for certain periods reflect fee waivers and/or reimbursements in effect for that period; absent fee waivers and/ or reimbursements, performance would have been lower.

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, 2019   39

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FUND PERFORMANCE

September 30, 2019 (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 Corp. (SIMC). The sole sub-advisor as of September 30, 2019, was BlackRock Advisors, LLC. There were no sub-advisor changes during the period.

III. Returns

For the full year ended September 30, 2019, the Conservative Income Fund, Class F, returned 2.32%. The Fund’s benchmark—the ICE BofAML US 3-Month Treasury Bill Index—returned 2.39%.

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 twice during the third quarter of 2019. The Fed classified the rate cuts as mid-cycle adjustments. The 3-month London interbank offered rate (Libor) fell from 2.40% to 2.10%, while 3-month Treasury bill yields decreased from 2.20% to 1.81%.

BlackRock was the Fund’s sole manager and benefited during the reporting period from commercial paper and certificates of deposit issued by Australian, Canadian, European and Japanese banks. BlackRock’s position in floating-rate securities detracted as the decline in Libor led to lower reinvestment rates and a drag on the income generation of the Fund.

AVERAGE ANNUAL TOTAL RETURN¹

	1 Year Return		3 Year Return		Annualized Inception to Date
Conservative Income Fund, Class F		2.32%		1.58%		1.43%
Conservative Income Fund, Class Y		2.42%		1.69%		1.53%
ICE BofAML US 3-Month Treasury Bill Index		2.39%		1.54%		1.39%

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

¹ For the year ended 9/30/19. 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.

  40   SEI Institutional Managed Trust / Annual Report / September 30, 2019

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FUND PERFORMANCE

September 30, 2019 (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

The Fund uses a sub-advisor to manage the Fund under the general supervision of SEI Investments Management Corp. (SIMC). The sole sub-advisor as of September 30, 2019 was BlackRock Advisors, LLC. There were no sub-advisor changes during the period.

III. Returns

For the full year ended September 30, 2019, the Tax-Free Conservative Income Fund, Class F, returned 1.37%. The Fund’s benchmark—the ICE BofAML US 3-Month Treasury Bill Index—returned 2.39%.

IV. Performance Discussion

As noted in the shareholder letter, the Federal Reserve (Fed) cut its benchmark federal-funds rate twice during the reporting period, and yields decreased across the curve. This impacted yields across the municipal curve, and the 1-year AAA general obligation bond yield fell from 1.92% to 1.27%. Given U.S. tax reform, the demand for municipal bonds remained strong.

BlackRock was the Fund’s sole manager and benefited from extending duration as rates generally fell throughout the fiscal year. 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.

            AVERAGE ANNUAL TOTAL RETURN¹

	1 Year Return	3 Year Return	Annualized Inception to Date
Tax-Free Conservative Income Fund, Class F	1.37%	0.96%	0.87%
Tax-Free Conservative Income Fund, Class Y	1.47%	1.05%	0.97%
ICE BofAML US 3-Month Treasury Bill Index	2.39%	1.54%	1.39%

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

¹ For the year ended 9/30/19. 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, 2019   41

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FUND PERFORMANCE

September 30, 2019 (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, 2019, 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, 2019, the Real Return Fund, Class F, returned 3.14%. The Fund’s benchmark—Bloomberg Barclays 1-5 Year US TIPS Index—returned 3.68%.

IV. Performance Discussion

As noted in the shareholder letter, sluggish global growth, benign inflation and renewed central bank accommodative policy drove real yields lower during the fiscal year, generating strong absolute returns for the Treasury inflation-protected securities (TIPS) market. On a relative basis, TIPS underperformed nominal Treasurys as inflation expectations dissipated; breakeven inflation tightened across the curve, with the five-year inflation breakeven spread narrowing approximately 69 basis points during the reporting period. U.S. realized-inflation rates showed a 1.7% increase in the reference index and delivered positive inflation accretion. The Federal Reserve reversed course over the period, with policy rates closing at 2.0% after topping out at 2.5%.

            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		3.14%		1.12%		0.82%		1.43%		1.58%
Real Return Fund, Class Y		3.31%		1.22%		0.94%		1.48%		1.64%
Bloomberg Barclays 1-5 Year U.S. TIPS Index		3.68%		1.60%		1.28%		1.83%		2.01%

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

1 For the year ended 9/30/19. Past performance is no indication of future performance. Class F shares were offered beginning 7/2/09 and Class Y shares were offered beginning 12/31/14. Class Y shares performance for the period prior to 12/31/14 is derived from the performance of Class F shares adjusted for the lower expenses of the Class Y shares. Returns for Class Y shares are substantially similar to those of Class F shares and differ only to the extent that Class Y shares have lower total annual fund operating expenses than Class F shares. Returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The returns for the period reflect fee waivers and/or reimbursements in effect for the period; absent fee waivers and reimbursements, performance would have been lower.

  42   SEI Institutional Managed Trust / Annual Report / September 30, 2019

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FUND PERFORMANCE

September 30, 2019 (Unaudited)

Dynamic Asset Allocation Fund

I. Objective

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

II. Investment Approach

During the one-year period ending September 30, 2019, the Fund used a single sub-advisor, SSGA Funds Management, Inc. (SSGA), under the general supervision of SEI Investments Management Corporation (SIMC). No manager changes were made during the Fund’s fiscal year.

III. Returns

For the full year ended September 30, 2019, the Dynamic Asset Allocation Fund, Class F, returned 2.14%. The Fund’s benchmark—the S&P 500 Index (Gross)—returned 4.25%.

IV. Performance Discussion

The largest driver of absolute returns in the Fund during the fiscal year was its underlying passive exposure to the S&P 500 Index (Gross), which was positive. However, negative performance from the Fund’s tactical trades caused the Fund to underperform the S&P 500 Index (Gross).

The U.S. equity market began the fiscal year with weak performance in the fourth quarter of 2018. As noted in the shareholder letter, the market experienced a meaningful rebound in the first half of 2019, as the U.S. Federal Reserve (Fed) changed course from tight to loose policy. Market performance was more muted at the end of the reporting period as risk assets priced in future Federal funds rate cuts.

Within the S&P 500 Index (Gross), the utilities sector had the best performance during the fiscal year, followed by real estate and communication services. Energy was the worst-performing sector, followed by health care and financials.

The largest detractors from relative performance were a long emerging-market equities against short developed-market equities allocation and the Fund’s broad commodity index exposure. The long emerging-market equity against short developed-market equity trade was in place from December 2018 until August 2019 and was closed due to several factors, including trade concerns, slowing global growth and U.S. dollar strength. The long commodity index position was in place from May 2018 to August 2019 and was eliminated after commodities

continued to face headwinds amid concerns over global trade tensions and slowing global growth.

A position designed to benefit from a steepening between the 2- and 10-year portions of the U.S. yield curve modestly detracted from performance. A long-Japanese-yen, short-euro-currency position initiated in June 2018 has contributed to performance since initiation.

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

AVERAGE ANNUAL TOTAL RETURN¹

	1 Year Return		3 Year Return		Annualized Inception to Date
Dynamic Asset Allocation Fund, Class F		2.14%		10.77%		8.19%
Dynamic Asset Allocation Fund, Class Y		2.43%		11.05%		8.45%
S&P 500 Index (Gross)		4.25%		13.39%		10.95%

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)

1 For the year ended 9/30/19. 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, 2019   43

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FUND PERFORMANCE

September 30, 2019 (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, 2019, the Fund allocated its assets among unaffiliated funds and one affiliated fund.

The Fund utilized the following sub-advisors as of September 30, 2019: Brigade Capital Management, LLC, EMSO Asset Management Limited, Kettle Hill Capital Management, LLC, Mountaineer Partners Management, LLC, and Ramius Advisors, LLC. There was one manager change during the period as Caerus Investors, LLC, was terminated towards the end of June.

III. Returns

For the full year ended September 30, 2019, the Multi-Strategy Alternative Fund, Class F, returned -0.18%. The Fund’s benchmark— the ICE BofAML U.S. 3-Month Treasury Bill Index—returned 2.39%.

Although the Fund’s performance is benchmarked against the return of the ICE BofAML U.S. 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 Fund underperformed its benchmark for the fiscal year ended September 30, 2019.

Marked by large declines in risk assets in the last quarter of 2018 and followed by a rally through most of 2019, global markets experienced significant volatility during the fiscal year. As noted in the shareholder letter, the sharp declines toward the end of 2018 were precipitated by fears of slowing global economic growth, investor anxiety over trade developments and concerns that rising interest rates would further strangle economic growth. Global equities, high-yield bonds and commodities experienced sharp declines in late 2018. Market performance in the first quarter of 2019 was one of the best in recent memory, as investor sentiment improved after the Federal Reserve signaled a change toward looser monetary policy.

Meanwhile, evidence mounted that international growth, particularly in Europe and China, was flagging. Market fears resurfaced in May when trade negotiations between the US and China broke down. Government bond yields, which had been falling for most of 2019, plunged in the summer, and in August, a record amount of global government bonds traded at negative yields. Nevertheless, through the end of the reporting period, U.S. and most international equity markets were sitting on healthy gains for the year, essentially recovering the losses from the fourth quarter of 2018.

The equity hedge allocation detracted over the period. The sleeve sub-advised by Caerus was the greatest detractor, as it experienced a large loss early in the fiscal year and only modestly recovered in early 2019. In June, we terminated the Caerus sub-advisory relationship after significant departures in the firm’s portfolio management team. Kettle Hill’s long/short strategy was challenged by stylistic headwinds during the first quarter of the reporting period; while the manager rebounded over the remainder of the fiscal year, it was unable to fully offset its early losses. At the end of September, the SEI Long/ Short Alternative Fund, which was also part of the equity hedge allocation, closed; the resultant proceeds were reallocated within the Fund.

The event-driven allocation, which consists of three merger arbitrage funds, was the largest contributor during the fiscal year, particularly the sleeve managed by Ramius. The manager generated positive returns during the very difficult market conditions at the end of 2018 and was positive in each quarter of the reporting period.

The relative-value allocation, which is composed of three credit strategies funds, experienced moderate losses early in the fiscal year but more than recovered and posted solid gains over the full 12 months.

  44   SEI Institutional Managed Trust / Annual Report / September 30, 2019

After experiencing several years of challenging performance, the global macro allocation, which is composed of two managed futures funds, finished positive; it was able to capture trends in the fixed-income markets for much of the year as yields declined.

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 managers 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, Kettle Hill and Mountaineer, in an effort to enhance returns or limit losses in common stock positions.

AVERAGE ANNUAL TOTAL RETURN¹

	1 Year Return		Annualized 3 Year Return		Annualized 5 Year Return		Annualized Inception to Date
Multi-Strategy Alternative Fund, Class F		-0.18%		2.17%		1.36%		1.28%
Multi-Strategy Alternative Fund, Class Y		-0.01%		2.40%		1.57%		1.38%
ICE BofAML 3-Month U.S. Treasury Bill Index		2.39%		1.54%		0.98%		0.56%

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 BofAML 3-Month U.S. Treasury Bill Index

1 For the year ended 9/30/19. Past performance is no indication of future performance. Class F shares were offered beginning 3/31/10 and Class Y shares

were offered beginning 4/30/15. Class Y shares performance for the period prior to 4/30/15 is derived from the performance of Class F shares adjusted for the lower expenses of the Class Y shares. Returns for Class Y shares are substantially similar to those of Class F shares and differ only to the extent that Class Y shares have lower total annual fund operating expenses than Class F shares. Returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The returns for the period reflect fee waivers and/or reimbursements in effect for the period; absent fee waivers and reimbursements, performance would have been lower. Although the Fund’s performance is benchmarked against the return of the ICE BofAML 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, 2019   45

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FUND PERFORMANCE

September 30, 2019 (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, 2019: AQR Capital Management, LLC and PanAgora Asset Management Inc. No manager changes were made during the Fund’s fiscal year.

III. Returns

For the full year ended September 30, 2019, the Multi-Asset Accumulation Fund, Class F, returned 11.94%. The Fund’s blended benchmark—MSCI World Index (Net) (Hedged) (USD) Index (60%) and Bloomberg Barclays Global Aggregate Index, (Hedged) (USD) (40%)—returned 6.91%.

IV. Performance Discussion

Major asset-class performance was mixed during the Fund’s fiscal year. Developed-market equities were slightly positive, while emerging-market equities were negative over the reporting period. Developed-market sovereign bonds exhibited strong performance as global interest rates declined meaningfully. While equity returns were muted over the measurement period, credit held up well, with both high-yield bonds and investment-grade credit providing positive returns. As noted in the shareholder letter, commodities were negative over the past year as concerns over slowing global growth and a trade war between the U.S. and China have weighed on the asset class. The main detractor in commodities was the energy sector, as both oil and natural gas fell during the fiscal year.

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 developed-market equities contributed to absolute performance as developed-market equities performed well during the period. The Fund’s exposure to emerging-market equities, however, detracted as emerging markets weakened during the reporting period. The Fund’s exposure to global inflation-linked bonds contributed to both absolute and relative

performance as their interest-rate sensitivity was beneficial during a period of declining rates. The Fund’s exposure to commodities detracted from absolute and relative performance as commodities were negative over the measurement period.

Both managers experienced positive performance in the period and outperformed the Fund’s blended benchmark. AQR Capital Management’s and PanAgora Asset Management’s exposures to developed-market sovereign bonds contributed to Fund performance. Also, their exposures to developed-market equities contributed, while exposures to emerging-market equities detracted. Both managers’ exposures to global inflation-linked bonds benefited Fund performance, while exposure to commodities provided a headwind for both managers.

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 the desired asset classes. Derivatives had a meaningful impact on Fund performance during the period. Sovereign bond index futures, interest-rate swaps and, to a lesser extent, sovereign bond total-return swaps (used for market exposure) produced positive performance, as interest rates declined globally (on average) over the period. Globally, developed-market equity futures (used for market exposure) contributed modestly to performance. While developed-market equity futures had a positive impact on total returns, a lower notional exposure to equities detracted from relative performance. Emerging-market equity futures detracted during the period. 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 contributed to performance over the Fund’s fiscal year.

  46   SEI Institutional Managed Trust / Annual Report / September 30, 2019

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		11.94%		6.33%		5.15%		5.54%
Multi-Asset Accumulation Fund, Class Y		12.16%		6.54%		5.37%		5.69%
MSCI World Index (Net) (Hedged) (USD)		3.87%		11.65%		8.85%		11.28%
Bloomberg Barclays Global Aggregate Index, (Hedged) (USD)		10.65%		3.65%		4.12%		4.00%
60/40 Hybrid consisting of the MSCI World Index (Net) (Hedged) (USD) and Bloomberg Barclays Global Aggregate Index, (Hedged) (USD)		6.91%		8.56%		7.11%		8.47%

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

1 For the year ended 9/30/19. Past performance is no indication of future performance. Class F shares were offered beginning 4/09/12 and Class Y shares were offered beginning 12/31/14. Class Y shares performance for the period prior to 12/31/14 is derived from the performance of Class F shares adjusted

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

  SEI Institutional Managed Trust / Annual Report / September 30, 2019   47

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FUND PERFORMANCE

September 30, 2019 (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, 2019: Goldman Sachs Asset Management, L.P., SSGA Funds Management, Inc., Western Asset Management Company and Western Asset Management Company Limited.

During the period, Guggenheim Partners Investment Management, LLC, was removed from the Fund.

III. Returns

For the full year ended September 30, 2019, the Multi-Asset Income Fund, Class F, returned 8.29%. The Fund’s blended benchmark—Bloomberg Barclays US Aggregate Bond Index (45%), the ICE BofAML U.S. High Yield Constrained Index (40%) and the S&P 500 Index (Gross) (15%)—returned 8.00%.

IV. Performance Discussion

Credit markets were positive during the fiscal year; credit spreads tightened as both U.S. investment-grade credit and below-investment-grade credit were positive. Against a backdrop of declining interest rates, investment-grade credit outperformed below-investment-grade credit due to the greater inflation sensitivity of investment-grade credit, while bank loans trailed fixed-rate credit as the appeal of floating-rate assets declined. As noted in the shareholder letter, securitized assets—such as asset-backed securities (ABS), non-agency mortgage-backed securities (MBS) and commercial mortgage-backed securities—performed relatively well, benefiting from favorable supply-and-demand dynamics and continued improvement in collateral. Emerging-market debt performed well, especially compared to the performance of the prior year when several idiosyncratic events negatively impacted certain countries. Also, the interest-rate sensitivity of emerging-market debt benefited from declining interest rates. Although the Fund’s allocation to high-yield bonds contributed to absolute returns, its underweight

also contributed on a relative basis as overweights to other sectors provided higher returns. The Fund’s off-benchmark exposure to emerging-market debt benefited relative performance, while its exposure to securitized assets (ABS, MBS and collateralized loan obligations) also contributed during the fiscal year.

Goldman Sachs contributed to outperformance as both issue selection and tactical positioning benefited the strategy. Western Asset Management Company’s multi-asset credit mandate also contributed to relative returns in the period. While the covered-call strategy managed by SSGA produced performance within expectations, the strategy lagged the S&P 500 Index (Gross).

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 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 positive impact on performance.

AVERAGE ANNUAL TOTAL RETURN¹

			Annualized		Annualized		Annualized
	1 Year Return		3 Year Return		5 Year Return		Inception to Date
Multi-Asset Income Fund, Class F		8.29%		5.54%		5.46%		6.31%
Multi-Asset Income Fund, Class Y		8.39%		5.65%		5.56%		6.37%
Bloomberg Barclays U.S. Aggregate Bond Index		10.30%		2.92%		3.38%		2.96%
ICE BofAML U.S. High Yield Constrained Index		6.30%		6.07%		5.37%		6.41%
S&P 500 Index (Gross)		4.25%		13.39%		10.84%		13.15%
45/40/15 Hybrid consisting of the Bloomberg Barclays U.S. Aggregate Bond Index, ICE BofAML U.S. High Yield Constrained Index and S&P 500 Index (Gross)		8.00%		5.81%		5.38%		5.92%

  48   SEI Institutional Managed Trust / Annual Report / September 30, 2019

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 BofAML U.S. High Yield Constrained Index, and S&P 500 Index (Gross)

¹ For the year ended 9/30/2019. Past performance is not an indication of future performance. Class F shares were offered beginning 4/9/12. Class Y shares performance for the period prior to 12/31/14 is derived from the performance of Class F shares. Returns for Class Y shares are substantially similar to those of Class F shares and differ only to the extent that Class Y shares have lower total annual fund operating expenses than Class F shares. Returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The returns for certain periods reflect fee waivers and reimbursements, performance would have been lower.

  SEI Institutional Managed Trust / Annual Report / September 30, 2019   49

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FUND PERFORMANCE

September 30, 2019 (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, 2019: AllianceBernstein L.P., Columbia Management Investments (Columbia), Credit Suisse Asset Management, LLC (Credit Suisse), and QS Investors, LLC.

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, 2019, the Multi-Asset Inflation Managed Fund, Class F, returned -0.62%. 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) (10%)—returned 1.80%.

IV. Performance Discussion

The real-assets market experienced mixed performance over the fiscal year. As noted in the shareholder letter, 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 agricultural commodities dragging down the overall market. Concerns over trade and slowing global growth largely drove the weak performance in commodities. TIPS were positive over the period, supported largely by their interest-rate sensitivity during a period of declining rates.

Manager performance was mixed. Unfavorable security selection within the commodities sector detracted from relative performance for Columbia Management Investments during the fiscal year. QS Investors’ inflation-sensitive equity long/short strategy experienced flat performance in the period as strong performance in

the consumer staples sector and real-estate investment trusts was largely offset by weak performance in energy and health care. Outperformance for AllianceBernstein was largely due to an overweight to credit-spread sectors, while the manager’s U.S. TIPS allocation also contributed.

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 had minimal impact on total returns, as global equity-market returns were flat. Within the Fund, a controlled foreign corporation has been established to provide additional exposure to commodities, including commodity futures. The commodity futures exposure, used to provide a strategic exposure to a diversified mix of underlying commodities, 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 had a slightly positive effect on performance.

AVERAGE ANNUAL TOTAL RETURN¹

	1 Year Return		Annualized 3 Year Return		Annualized 5 Year Return		Annualized Inception to Date
Multi-Asset Inflation Managed Fund, Class F		-0.62%		-0.56%		-1.52%		-1.72%
Multi-Asset Inflation Managed Fund, Class Y		-0.35%		-0.33%		-1.30%		-1.57%
Bloomberg Barclays 1-5 Year U.S. TIPS Total Return Index		3.68%		1.60%		1.28%		0.81%
Bloomberg Commodity Total Return Index		-6.57%		-1.50%		-7.18%		-7.02%
S&P 500 Index (Gross)		4.25%		13.39%		10.84%		13.15%
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)		1.80%		2.12%		0.66%		0.33%

  50   SEI Institutional Managed Trust / Annual Report / September 30, 2019

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).

1 For the year ended 9/30/19. Past performance is no indication of future performance. Class F shares were offered beginning 4/09/12 and Class Y shares were offered beginning 12/31/14. Class Y shares performance for the period prior to 12/31/14 is derived from the performance of Class F shares adjusted for the lower expenses of the Class Y shares. Returns for Class Y shares are substantially similar to those of Class F shares and differ only to the extent that Class Y shares have lower total annual fund operating expenses than Class F shares. Returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The returns for the period reflect fee waivers and/or reimbursements in effect for the period; absent fee waivers and reimbursements, performance would have been lower.

  SEI Institutional Managed Trust / Annual Report / September 30, 2019   51

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FUND PERFORMANCE

September 30, 2019 (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, 2019: AllianceBernstein L.P. and Janus Capital Management LLC. No manager changes were made during the Fund’s fiscal year.

III. Returns

For the full year ended September 30, 2019, the Multi-Asset Capital Stability Fund, Class F, returned 3.94%. The Fund’s blended benchmark—the Bloomberg Barclays 1-3 Year US Government/Credit Index (95%) and S&P 500 Index (Gross) (5%)—returned 4.70%.

IV. Performance Discussion

Major asset-class performance was mixed during the Fund’s fiscal year. As noted in the shareholder letter, developed-market equities were slightly positive, while emerging-market equities were negative over the reporting period. Developed-market sovereign bonds exhibited strong performance as global interest rates declined meaningfully. While equity returns were muted over the measurement period, credit held up well, with both high-yield bonds and investment-grade credit providing positive returns.

The Fund had positive absolute performance but underperformed its blended benchmark; both managers, AllianceBernstein and Janus Capital Management, struggled due to greater-than- benchmark exposure to equities and credit, which notably lagged in the fourth quarter of 2018. The Fund’s quantitative risk models benefited from sustained trends across different markets, although not enough to offset the Fund’s underperformance early in the reporting period.

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 positive.

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		3.94%		2.49%		1.90%		1.74%
Multi-Asset Capital Stability Fund, Class Y		4.04%		2.58%		1.99%		1.80%
Bloomberg Barclays 1-3 year U.S. Government/Credit Index		4.64%		1.82%		1.59%		1.34%
S&P 500 Index (Gross)		4.25%		13.39%		10.84%		13.15%
95/5 Hybrid consisting of Bloomberg Barclays 1-3 Year U.S. Government/Credit Index and S&P 500 Index (Gross)		4.70%		2.41%		2.07%		1.93%

  52   SEI Institutional Managed Trust / Annual Report / September 30, 2019

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).

¹  For the year ended 9/30/19. Past performance is not an indication of future performance. Class F shares were offered beginning 4/9/12 and Class Y shares were offered beginning 12/31/14. Class Y shares performance for the period prior to 12/31/14 is derived from the performance of Class F shares adjusted for the lower expenses of the Class Y shares. Returns for Class Y shares are substantially similar to those of Class F shares and differ only to the extent that Class Y shares have lower total annual fund operating expenses than Class F shares. Returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The returns for certain periods reflect fee waivers and/or reimbursements in effect for that period; absent fee waivers and/or reimbursements, performance would have been lower.

  SEI Institutional Managed Trust / Annual Report / September 30, 2019   53

SUMMARY SCHEDULE OF INVESTMENTS

September 30, 2019

Large Cap Fund

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

Description	Percentage of Net Assets (%)			Shares		Market Value     ($ Thousands)
COMMON STOCK — 99.0%
Communication Services — 6.6%
Alphabet Inc, Cl A *		1.0	%		18,745	$	22,890
Alphabet Inc, Cl C *		0.0			852		1,039
AT&T Inc		0.7			414,642		15,690
Facebook Inc, Cl A *		1.3			171,127		30,474
Omnicom Group Inc		0.7			208,105		16,295
Verizon Communications Inc		0.9			329,220		19,872
Other Securities (A)		2.0					44,616
							150,876
Consumer Discretionary — 10.4%
Amazon.com Inc, Cl A *		1.6			21,495		37,313
Dollar General Corp		0.8			107,324		17,058
Lowe’s Cos Inc		0.7			139,789		15,371
Ross Stores Inc		0.9			192,997		21,201
Other Securities (A)		6.4					146,624
							237,567
Consumer Staples — 7.2%
JM Smucker Co/The		0.7			147,233		16,199
Kroger Co/The		0.8			733,536		18,910
Philip Morris International Inc		0.8			240,103		18,231
Unilever NV		1.0			366,197		21,983
Other Securities		3.9					88,762
							164,085
Energy — 5.2%
BP PLC ADR		0.7			412,380		15,666
Chevron Corp		1.5			282,172		33,466
Marathon Petroleum Corp		0.6			233,464		14,183
Other Securities		2.4					56,966
							120,281
Financials — 16.8%
Aflac Inc		0.7			305,109		15,963
Bank of America Corp		1.3			1,015,727		29,629
Berkshire Hathaway Inc, Cl B *		1.2			126,314		26,276
Citigroup Inc		0.9			290,612		20,075

Description	Percentage of Net Assets (%)			Shares		Market Value     ($ Thousands)
COMMON STOCK (continued)
JPMorgan Chase & Co		1.6	%		319,031	$	37,547
Markel Corp *		0.9			17,107		20,219
Progressive Corp/The		0.7			204,306		15,783
Other Securities ‡		9.5					219,252
							384,744
Health Care — 15.2%
Abbott Laboratories		1.5			418,212		34,992
Amgen Inc, Cl A		1.0			116,321		22,509
CVS Health Corp		0.8			293,270		18,497
Humana Inc		0.6			55,343		14,150
Johnson & Johnson		1.4			244,196		31,594
Merck & Co Inc		1.4			369,427		31,098
Pfizer Inc		0.6			414,548		14,895
Teleflex Inc		0.7			50,543		17,172
UnitedHealth Group Inc		1.1			121,255		26,351
Zimmer Biomet Holdings Inc		0.8			139,516		19,151
Other Securities		5.3					117,155
							347,564
Industrials — 11.6%
Boeing Co/The		0.7			40,907		15,564
Honeywell International Inc		1.5			200,261		33,884
Illinois Tool Works Inc		0.6			93,532		14,637
Roper Technologies Inc		0.7			43,411		15,480
TransDigm Group Inc		0.7			29,714		15,471
Other Securities		7.4					171,799
							266,835
Information Technology — 18.0%
Adobe Inc *		1.1			88,418		24,426
Apple Inc		1.3			132,259		29,622
Fidelity National Information Services Inc, Cl B		1.3			222,307		29,514
Intuit Inc		0.9			81,061		21,557
Microchip Technology Inc (A)		0.9			223,257		20,743
Microsoft Corp		2.2			363,158		50,490
Oracle Corp, Cl B		0.6			264,583		14,560
PayPal Holdings Inc *		0.7			150,417		15,582
salesforce.com *		0.8			118,153		17,539
Visa Inc, Cl A		1.3			179,031		30,795
Other Securities (A)		6.9					158,011
							412,839
Materials — 3.6%
Other Securities		3.6					83,378
Real Estate — 2.9%
American Tower Corp, Cl A ‡		0.7			77,158		17,062
Crown Castle International Corp ‡		0.9			150,122		20,869
Other Securities ‡		1.3					27,456
							65,387

  54   SEI Institutional Managed Trust / Annual Report / September 30, 2019

Description	Percentage of Net Assets (%)			Shares		Market Value     ($ Thousands)
COMMON STOCK (continued)
Utilities — 1.5%
Other Securities		1.5	%			$	34,288
Total Common Stock (Cost $1,794,366) ($ Thousands)							2,267,844
AFFILIATED PARTNERSHIP — 1.3%
SEI Liquidity Fund, L.P.
2.010% **†(B)		1.3			29,703,299		29,711
Total Affiliated Partnership (Cost $29,701) ($ Thousands)							29,711
CASH EQUIVALENT — 1.0%
SEI Daily Income Trust, Government Fund, Cl F
1.800% **†		1.0			22,021,926		22,022
Total Cash Equivalent (Cost $22,022) ($ Thousands)							22,022
Total Investments in Securities — 101.3% (Cost $1,846,089)($ Thousands)						$	2,319,577

A list of the open futures contracts held at September 30, 2019 is as follows:    

Type of Contract	Number of Contracts Long		Expiration   Date		Notional Amount (Thousands)		Value       (Thousands)		Unrealized       Depreciation (Thousands)
S&P 500 Index E-MINI		53		Dec-2019	$	7,929	$	7,893	$	(36)
S&P Mid Cap 400 Index E-MINI		4		Dec-2019		778		775		(3)
					$	8,707	$	8,668	$	(39)

Percentages are based on a Net Assets of $2,290,619 ($ Thousands).

* Non-income producing security.

** The rate reported is the 7-day effective yield as of September 30, 2019.

^‡  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, 2019 (see Note 10). The total market value of securities on loan at September 30, 2019, was $29,436 ($ 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, 2019 was $29,711 ($ 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, 2019   55

SUMMARY SCHEDULE OF INVESTMENTS

September 30, 2019

Large Cap Fund (Concluded)

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, 2019, 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		2,267,844			–		–		2,267,844
Affiliated Partnership		–			29,711		–		29,711
Cash Equivalent		22,022			–		–		22,022
Total Investments in Securities		2,289,866			29,711		–		2,319,577
Other Financial Instruments	Level 1 ($)			Level 2 ($)		Level 3 ($)		Total ($)
Futures Contracts*
Unrealized Depreciation		(39	)		–		–		(39	)
Total Other Financial Instruments		(39	)		–		–		(39	)

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

For the year ended September 30, 2019, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the year ended September 30, 2019, there were no transfers between Level 2 and Level 3 assets and liabilities.

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

The following is a summary of the Fund’s transactions with affiliates for the year ended September 30, 2019 ($ Thousands):

Security Description	Value 9/30/2018	Purchases     at Cost	Proceeds     from Sales	Realized Gain	Change in Unrealized   Appreciation	Value 9/30/2019	Shares	Income	Capital Gains
SEI Liquidity Fund, L.P.	$52,638	$237,688	$(260,643)	$24	$4	$29,711	29,703,299	$139	$—
SEI Daily Income Trust, Government Fund, Cl F	57,680	511,139	(546,797)	—	—	22,022	22,021,926	849	—
Totals	$110,318	$748,827	$(807,440)	$24	$4	$51,733	51,725,225	$988	$—

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

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

  56   SEI Institutional Managed Trust / Annual Report / September 30, 2019

SUMMARY SCHEDULE OF INVESTMENTS

September 30, 2019

Large Cap Value Fund

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

Description	Percentage of Net Assets (%)			Shares		Market Value     ($ Thousands)
COMMON STOCK — 98.5%
Communication Services — 6.9%
AT&T Inc		2.8	%		982,930	$	37,194
BCE Inc		0.7			186,948		9,050
Comcast Corp, Cl A		0.7			218,299		9,841
Verizon Communications Inc		1.1			246,910		14,903
Other Securities		1.6					21,674
							92,662
Consumer Discretionary — 8.1%
General Motors Co		0.9			337,666		12,656
Genuine Parts Co		0.7			99,288		9,888
PulteGroup Inc		0.7			241,850		8,840
Target Corp, Cl A		1.1			142,138		15,196
Other Securities (A)		4.7					62,733
							109,313
Consumer Staples — 8.9%
Diageo PLC ADR		0.8			61,169		10,002
Kimberly-Clark Corp		0.9			87,368		12,411
Philip Morris International Inc		1.2			202,098		15,345
Tyson Foods Inc, Cl A		0.9			145,740		12,554
Unilever NV		0.6			140,802		8,452
Walgreens Boots Alliance Inc		0.7			178,672		9,882
Walmart Inc		0.7			77,822		9,236
Other Securities		3.1					41,830
							119,712
Energy — 9.0%
Chevron Corp		2.0			229,319		27,197
ConocoPhillips		1.4			335,692		19,128
Exxon Mobil Corp		1.2			222,846		15,735
Phillips 66		0.7			86,808		8,889
Royal Dutch Shell PLC ADR, Cl A		0.7			160,740		9,460
Other Securities		3.0					40,116
							120,525
Financials — 22.4%
Aflac Inc		0.6			150,885		7,894
Allstate Corp/The		0.5			67,626		7,350
Bank of America Corp		1.6			755,683		22,043

Description	Percentage of Net Assets (%)			Shares		Market Value     ($ Thousands)
COMMON STOCK (continued)
Berkshire Hathaway Inc, Cl B *		1.2	%		80,373	$	16,719
Capital One Financial Corp		0.6			83,184		7,568
Chubb Ltd		0.9			73,483		11,863
Citigroup Inc		1.7			334,594		23,114
JPMorgan Chase & Co		3.0			346,115		40,734
SunTrust Banks Inc		1.2			234,504		16,134
Synchrony Financial		0.6			223,883		7,632
Travelers Cos Inc/The		1.0			89,423		13,296
Wells Fargo & Co		1.1			290,378		14,647
Other Securities ‡(A)		8.4					112,701
							301,695
Health Care — 13.0%
Bristol-Myers Squibb Co		0.5			141,907		7,196
Eli Lilly & Co		0.8			95,473		10,677
Johnson & Johnson		2.0			203,339		26,308
Merck & Co Inc		1.9			296,204		24,935
Novartis AG ADR		0.7			109,770		9,539
Pfizer Inc		2.3			865,889		31,111
Other Securities		4.8					64,550
							174,316
Industrials — 9.1%
Cummins Inc		0.6			46,934		7,635
Johnson Controls International PLC		0.8			246,993		10,841
Raytheon Co		0.9			58,654		11,507
Siemens AG ADR (B)		0.6			156,905		8,408
Other Securities		6.2					84,501
							122,892
Information Technology — 8.2%
Cisco Systems Inc		1.3			337,814		16,691
Corning Inc, Cl B		0.8			378,071		10,783
Intel Corp		2.0			518,309		26,708
Microsoft Corp		0.6			60,481		8,409
Other Securities		3.5					47,428
							110,019
Materials — 4.6%
Other Securities		4.6					61,466
Real Estate — 3.6%
HCP Inc ‡		0.7			284,637		10,141
Welltower Inc ‡		1.2			178,748		16,203
Other Securities ‡		1.7					22,413
							48,757
Utilities — 4.7%
Exelon Corp		0.9			248,535		12,007
NextEra Energy Inc		1.5			86,691		20,198
Other Securities		2.3					31,120
							63,325
Total Common Stock (Cost $1,094,048) ($ Thousands)							1,324,682

  SEI Institutional Managed Trust / Annual Report / September 30, 2019   57

SUMMARY SCHEDULE OF INVESTMENTS

September 30, 2019

Large Cap Value Fund (Concluded)

Description	Percentage of Net Assets (%)			Shares		Market Value     ($ Thousands)
AFFILIATED PARTNERSHIP — 0.1%
SEI Liquidity Fund, L.P.
2.010% **†(C)		0.1	%		898,248	$	899
Total Affiliated Partnership (Cost $898) ($ Thousands)							899

Description	Percentage of Net Assets (%)			Shares		Market Value     ($ Thousands)
CASH EQUIVALENT — 1.3%
SEI Daily Income Trust, Government Fund, Cl F
1.800% **†		1.3	%		17,909,427	$	17,909
Total Cash Equivalent (Cost $17,909) ($ Thousands)							17,909
Total Investments in Securities — 99.9% (Cost $1,112,855)($ Thousands)						$	1,343,490

A list of the open futures contracts held at September 30, 2019 is as follows:

Type of Contract	Number of Contracts Long		Expiration   Date		Notional Amount (Thousands)		Value       (Thousands)		Unrealized       Depreciation (Thousands)
S&P 500 Index E-MINI		51		Dec-2019	$	7,638	$	7,595	$	(43)
S&P Mid Cap 400 Index E-MINI		25		Dec-2019		4,870		4,845		(25)
					$	12,508	$	12,440	$	(68)

Percentages are based on a Net Assets of $1,344,514 ($ Thousands).

* Non-income producing security.

** The rate reported is the 7-day effective yield as of September 30, 2019.

^‡  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, 2019 (see Note 10). The total market value of securities on loan at September 30, 2019, was $921 ($ Thousands).

(B) Securities considered illiquid. The total value of such securities as of September 30, 2019 was $8,408 ($ Thousands) and represented 0.6% of Net Assets of the Fund (see Note 2).

(C) This security was purchased with cash collateral held from securities on loan (see Note 10). The total market value of such securities as of September 30, 2019 was $899 ($ Thousands).

ADR — American Depositary Receipt

Cl — Class

L.P. — Limited Partnership

PLC — Public Limited Company

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, 2019, 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		1,324,682			–		–		1,324,682
Affiliated Partnership		–			899		–		899
Cash Equivalent		17,909			–		–		17,909
Total Investments in Securities		1,342,591			899		–		1,343,490
Other Financial Instruments	Level 1 ($)			Level 2 ($)		Level 3 ($)		Total ($)
Futures Contracts*
Unrealized Depreciation		(68	)		–		–		(68	)
Total Other Financial Instruments		(68	)		–		–		(68	)

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

For the year ended September 30, 2019, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the year ended September 30, 2019, there were no transfers between Level 2 and Level 3 assets and liabilities.

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

  58   SEI Institutional Managed Trust / Annual Report / September 30, 2019

The following is a summary of the Fund’s transactions with affiliates for the year ended September 30, 2019 ($ Thousands):    

Security Description	Value 9/30/2018	Purchases at Cost	Proceeds from Sales	Realized Gain	Change in Unrealized Appreciation/   (Depreciation)	Value 9/30/2019	Shares	Income	Capital Gains
SEI Liquidity Fund, L.P.	$10,516	$166,113	$(175,733)	$3	$—	$899	898,248	$102	$—
SEI Daily Income Trust, Government Fund, Cl F	42,653	177,744	(202,488)	—	—	17,909	17,909,427	646	—
Totals	$53,169	$343,857	$(378,221)	$3	$—	$18,808	18,807,675	$748	$—

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, 2019   59

SUMMARY SCHEDULE OF INVESTMENTS

September 30, 2019

Large Cap Growth Fund

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

Description	Percentage of Net Assets (%)			Shares		Market Value     ($ Thousands)
COMMON STOCK — 98.9%
Communication Services — 9.8%
Alphabet Inc, Cl A *		2.8	%		33,983	$	41,498
Alphabet Inc, Cl C *		0.9			10,824		13,194
Comcast Corp, Cl A		0.7			224,792		10,134
Facebook Inc, Cl A *		3.0			247,154		44,013
Other Securities (A)		2.4					36,410
							145,249
Consumer Discretionary — 14.8%
Alibaba Group Holding Ltd ADR *		1.3			114,606		19,166
Amazon.com Inc, Cl A *		4.4			36,995		64,220
AutoZone Inc *		1.6			22,155		24,030
Lululemon Athletica Inc *		0.9			66,755		12,852
TJX Cos Inc/The		1.1			299,499		16,694
Yum China Holdings Inc		0.8			251,520		11,426
Other Securities		4.7					69,133
							217,521
Consumer Staples — 4.0%
Colgate-Palmolive Co		0.8			151,921		11,168
PepsiCo Inc		1.8			188,910		25,900
Procter & Gamble Co/The		0.7			87,571		10,892
Other Securities		0.7					11,707
							59,667
Energy — 0.1%
Other Securities		0.1					953
Financials — 7.2%
CME Group Inc		0.7			45,547		9,626
Intercontinental Exchange Inc		0.7			111,657		10,303
Moody’s Corp		1.5			105,726		21,656
MSCI Inc, Cl A		0.9			62,117		13,526
Progressive Corp/The		1.2			237,828		18,372
S&P Global Inc		0.9			52,131		12,771
US Bancorp		0.7			196,937		10,898
Other Securities		0.6					9,291
							106,443

Description	Percentage of Net Assets (%)			Shares		Market Value     ($ Thousands)
COMMON STOCK (continued)
Health Care — 13.9%
Abbott Laboratories		1.5	%		255,279	$	21,359
Becton Dickinson and Co		1.2			67,013		16,952
Boston Scientific Corp *		0.7			242,468		9,866
Danaher Corp, Cl A		0.9			95,813		13,838
Johnson & Johnson		1.1			126,622		16,382
Merck & Co Inc		1.2			206,606		17,392
Mettler-Toledo International Inc *		0.8			16,045		11,302
UnitedHealth Group Inc		2.4			163,781		35,593
Vertex Pharmaceuticals Inc *		0.7			61,426		10,407
Other Securities (A)		3.4					51,827
							204,918
Industrials — 10.0%
3M Co		0.7			63,595		10,455
Boeing Co/The		0.8			30,082		11,445
Graco Inc		0.9			274,584		12,642
Honeywell International Inc		1.0			85,210		14,418
Lockheed Martin Corp		0.8			29,935		11,676
Middleby Corp/The *		0.7			89,404		10,451
Union Pacific Corp		1.1			94,700		15,340
United Technologies Corp		1.0			107,939		14,736
Other Securities		3.0					45,588
							146,751
Information Technology — 34.5%
Adobe Inc *		2.2			120,018		33,155
Analog Devices Inc		0.9			124,574		13,919
Apple Inc		4.2			273,910		61,348
Cisco Systems Inc		0.8			235,277		11,625
Fidelity National Information Services Inc, Cl B		1.4			154,510		20,513
Mastercard Inc, Cl A		2.6			142,571		38,718
Microsoft Corp		6.9			728,655		101,305
NXP Semiconductors NV		1.6			211,133		23,039
Oracle Corp, Cl B		1.3			357,215		19,657
PayPal Holdings Inc *		0.9			131,249		13,596
salesforce.com *		1.9			186,578		27,696
Visa Inc, Cl A		3.0			260,356		44,784
Other Securities (A)		6.8					99,376
							508,731
Materials — 3.0%
Sherwin-Williams Co/The, Cl A		1.8			48,203		26,505
Other Securities		1.2					17,659
							44,164
Real Estate — 1.6%
Crown Castle International Corp ‡		0.9			97,940		13,615
Other Securities ‡		0.7					9,857
							23,472
Total Common Stock (Cost $988,776) ($ Thousands)							1,457,869

  60   SEI Institutional Managed Trust / Annual Report / September 30, 2019

Description	Percentage of Net Assets (%)			Shares		Market Value     ($ Thousands)
AFFILIATED PARTNERSHIP — 0.4%
SEI Liquidity Fund, L.P.
2.010% **†(B)		0.4	%		5,991,846	$	5,992
Total Affiliated Partnership (Cost $5,991) ($ Thousands)							5,992

Description	Percentage of Net Assets (%)			Shares		Market Value     ($ Thousands)
CASH EQUIVALENT — 1.1%
SEI Daily Income Trust, Government Fund, Cl F
1.800% **†		1.1	%		16,366,160	$	16,366
Total Cash Equivalent (Cost $16,366) ($ Thousands)							16,366
Total Investments in Securities — 100.4% (Cost $1,011,133)($ Thousands)						$	1,480,227

A list of the open futures contracts held at September 30, 2019 is as follows:

Type of Contract	Number of Contracts Long		Expiration Date		Notional Amount (Thousands)		Value     (Thousands)		Unrealized     Depreciation (Thousands)
S&P 500 Index E-MINI		66		Dec-2019	$	9,894	$	9,829	$	(65)

Percentages are based on Net Assets of $1,474,065 ($ Thousands).

* Non-income producing security.

** Rate shown is the 7-day effective yield as of September 30, 2019.

^†  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, 2019 (See Note 10). The total market value of securities on loan at September 30, 2019 was $5,874 ($ 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, 2019 was $5,992 ($ Thousands).

ADR — American Depositary Receipt

Cl — Class

L.P. — Limited Partnership

Ltd. — Limited

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, 2019, 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		1,457,869			–		–		1,457,869
Affiliated Partnership		–			5,992		–		5,992
Cash Equivalent		16,366			–		–		16,366
Total Investments in Securities		1,474,235			5,992		–		1,480,227
Other Financial Instruments	Level 1 ($)			Level 2 ($)		Level 3 ($)		Total ($)
Futures Contracts*
Unrealized Depreciation		(65	)		–		–		(65	)
Total Other Financial Instruments		(65	)		–		–		(65	)

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

For the year ended September 30, 2019, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the year ended September 30, 2019, there were no transfers between Level 2 and Level 3 assets and liabilities.

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

  SEI Institutional Managed Trust / Annual Report / September 30, 2019   61

SUMMARY SCHEDULE OF INVESTMENTS

September 30, 2019

Large Cap Growth Fund (Concluded)

The following is a summary of the Fund’s transactions with affiliates for the year ended September 30, 2019 ($ Thousands):    

Security Description	Value 9/30/2018	Purchases at Cost	Proceeds from Sales	Realized Gain	Change in Unrealized   Appreciation	Value 9/30/2019	Shares	Income	Capital Gains
SEI Liquidity Fund, L.P.	$18,951	$137,702	$(150,677)	$14	$2	$5,992	5,991,846	$196	$—
SEI Daily Income Trust, Government Fund, Cl F	46,852	263,701	(294,187)	—	—	16,366	16,366,160	596	—
Totals	$65,803	$401,403	$(444,864)	$14	$2	$22,358	22,358,006	$792	$—

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

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

  62   SEI Institutional Managed Trust / Annual Report / September 30, 2019

SUMMARY SCHEDULE OF INVESTMENTS

September 30, 2019

Large Cap Index Fund

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

Description	Percentage of Net Assets (%)			Shares		Market Value     ($ Thousands)
COMMON STOCK — 96.3%
Communication Services — 9.5%
Alphabet Inc, Cl A *		1.3	%		4,749	$	5,799
Alphabet Inc, Cl C *		1.3			4,818		5,873
AT&T Inc		1.0			116,732		4,417
Comcast Corp, Cl A		0.7			72,050		3,248
Facebook Inc, Cl A *		1.5			38,243		6,810
Netflix Inc *		0.4			6,763		1,810
Verizon Communications Inc		0.9			66,215		3,997
Walt Disney Co/The		0.8			27,959		3,643
Other Securities		1.6					7,485
							43,082
Consumer Discretionary — 9.9%
Amazon.com Inc, Cl A *		2.5			6,615		11,483
Home Depot Inc/The		0.9			17,643		4,093
McDonald’s Corp		0.6			12,241		2,628
NIKE Inc, Cl B		0.4			19,667		1,847
Other Securities (A)		5.5					25,179
							45,230
Consumer Staples — 6.8%
Coca-Cola Co/The		0.7			61,364		3,341
Costco Wholesale Corp		0.5			7,051		2,031
PepsiCo Inc		0.7			22,328		3,061
Philip Morris International Inc		0.4			24,750		1,879
Procter & Gamble Co/The		1.1			39,485		4,911
Walmart Inc		0.6			22,364		2,654
Other Securities (A)		2.8					12,901
							30,778
Energy — 4.1%
Chevron Corp		0.8			30,539		3,622
Exxon Mobil Corp		1.1			67,590		4,772
Other Securities (A)		2.2					10,316
							18,710
Financials — 12.7%
Bank of America Corp		0.9			134,764		3,931

Description	Percentage of Net Assets (%)			Shares		Market Value     ($ Thousands)
COMMON STOCK (continued)
Berkshire Hathaway Inc, Cl B *		1.4	%		31,192	$	6,489
Citigroup Inc		0.6			35,924		2,482
JPMorgan Chase & Co		1.3			50,730		5,970
SEI Investments Co†		0.0			2,100		124
Wells Fargo & Co		0.7			63,565		3,206
Other Securities ‡(B)		7.8					35,708
							57,910
Health Care — 12.9%
Abbott Laboratories		0.5			27,436		2,296
AbbVie Inc		0.4			23,617		1,788
Amgen Inc, Cl A		0.4			9,592		1,856
Johnson & Johnson		1.2			42,425		5,489
Medtronic PLC		0.5			21,343		2,318
Merck & Co Inc		0.8			41,264		3,474
Pfizer Inc		0.7			88,589		3,183
Thermo Fisher Scientific Inc		0.4			6,388		1,861
UnitedHealth Group Inc		0.7			15,121		3,286
Other Securities		7.3					32,990
							58,541
Industrials — 9.3%
Boeing Co/The		0.7			8,492		3,231
Honeywell International Inc		0.4			11,431		1,934
Union Pacific Corp		0.4			11,284		1,828
Other Securities (A)		7.8					35,573
							42,566
Information Technology — 21.2%
Accenture PLC, Cl A		0.4			10,165		1,955
Adobe Inc *		0.5			7,755		2,142
Apple Inc		3.6			72,222		16,176
Cisco Systems Inc		0.8			68,576		3,388
Intel Corp		0.8			70,572		3,637
International Business Machines Corp		0.5			14,175		2,061
Mastercard Inc, Cl A		0.9			14,328		3,891
Microsoft Corp		3.7			120,832		16,799
Oracle Corp, Cl B		0.4			35,716		1,965
PayPal Holdings Inc *		0.4			18,731		1,940
salesforce.com Inc *		0.4			13,051		1,937
Texas Instruments Inc		0.4			14,904		1,926
Visa Inc, Cl A		1.1			27,740		4,772
Other Securities		7.3					34,196
							96,785
Materials — 2.7%
Other Securities		2.7					12,425
Real Estate — 3.9%
Other Securities ‡		3.9					17,689
Utilities — 3.3%
NextEra Energy Inc		0.4			7,662		1,785

  SEI Institutional Managed Trust / Annual Report / September 30, 2019   63

SUMMARY SCHEDULE OF INVESTMENTS

September 30, 2019

Large Cap Index Fund (Concluded)

Description	Percentage of Net Assets (%)			Shares		Market Value     ($ Thousands)
COMMON STOCK (continued)
Other Securities		2.9	%			$	13,402
							15,187
Total Common Stock (Cost $412,991) ($ Thousands)							438,903
AFFILIATED PARTNERSHIP — 0.1%
SEI Liquidity Fund, L.P.
2.010% **†(C)		0.1			709,632		710
Total Affiliated Partnership (Cost $710) ($ Thousands)							710

Description	Percentage of Net Assets (%)			Shares		Market Value     ($ Thousands)
CASH EQUIVALENT — 3.5%
SEI Daily Income Trust, Government Fund, Cl F
1.800% **†		3.5	%		15,764,662	$	15,765
Total Cash Equivalent (Cost $15,765) ($ Thousands)							15,765
Total Investments in Securities — 99.9% (Cost $429,466)($ Thousands)						$	455,378

A list of the open futures contracts held by the Fund at September 30, 2019 is as follows:

Type of Contract	Number of Contracts Long		Expiration Date		Notional Amount (Thousands)		Value     (Thousands)		Unrealized       Depreciation (Thousands)
S&P 500 Index E-MINI		95		Dec-2019	$	14,279	$	14,148	$	(131)
S&P Mid Cap 400 Index E-MINI		8		Dec-2019		1,572		1,550		(22)
					$	15,851	$	15,698	$	(153)

Percentages are based on a Net Assets of $455,657 ($ Thousands).

* Non-income producing security.

** The rate reported is the 7-day effective yield as of September 30, 2019.

^‡  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, 2019 (see Note 10). The total market value of securities on loan at September 30, 2019, was $684 ($ Thousands).

(B) Security is a Master Limited Partnership. At September 30, 2019, such securities amounted to $56 ($ Thousands), or 0.0% of Net Assets (See Note 2).

(C) This security was purchased with cash collateral held from securities on loan (see Note 10). The total market value of such securities as of September 30, 2019 was $710 ($ Thousands).

Cl — Class

L.P. — Limited Partnership

PLC — Public Limited Company

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, 2019, 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		438,903			–		–		438,903
Affiliated Partnership		–			710		–		710
Cash Equivalent		15,765			–		–		15,765
Total Investments in Securities		454,668			710		–		455,378
Other Financial Instruments	Level 1 ($)			Level 2 ($)		Level 3 ($)		Total ($)
Futures Contracts*
Unrealized Depreciation		(153	)		–		–		(153	)
Total Other Financial Instruments		(153	)		–		–		(153	)

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

For the year ended September 30, 2019, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the year ended September 30, 2019, there were no transfers between Level 2 and Level 3 assets and liabilities.

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

  64   SEI Institutional Managed Trust / Annual Report / September 30, 2019

The following is a summary of the Fund’s transactions with affiliates for the year ended September 30, 2019 ($ Thousands):

Security Description	Value 9/30/2018	Purchases at Cost	Proceeds from Sales	Realized Gain	Change in Unrealized   Appreciation	Value 9/30/2019	Shares	Income	Capital Gains
SEI Investment Co	$ 73	$ 49	$ —	$—	$2	$ 124	2,100	$ 1	$—
SEI Liquidity Fund, L.P.	173	2,935	(2,398)	—	—	710	709,632	10	—
SEI Daily Income Trust, Government Fund, Cl F	4,849	112,350	(101,434)	—	—	15,765	15,764,662	168	—
Totals	$5,095	$115,334	$(103,832)	$—	$2	$16,599	16,476,394	$179	$—

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, 2019   65

SUMMARY SCHEDULE OF INVESTMENTS

September 30, 2019

Tax-Managed Large Cap Fund

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

Description	Percentage of Net Assets (%)			Shares		Market Value     ($ Thousands)
COMMON STOCK — 99.1%
Communication Services — 5.1%
Alphabet Inc, Cl A *		0.8	%		26,214	$	32,011
Alphabet Inc, Cl C *		0.8			26,751		32,609
AT&T Inc		0.7			723,566		27,380
Facebook Inc, Cl A *		0.8			173,490		30,895
Other Securities		2.0					78,659
							201,554
Consumer Discretionary — 10.5%
Amazon.com Inc, Cl A *		1.3			30,966		53,754
Dollar General Corp		1.5			381,873		60,695
Lowe’s Cos Inc		1.2			432,409		47,548
NIKE Inc, Cl B		0.9			389,570		36,588
Ross Stores Inc		0.7			243,090		26,703
Other Securities (A)		4.9					195,088
							420,376
Consumer Staples — 8.9%
Diageo PLC ADR		0.6			156,683		25,621
Kroger Co/The		0.6			958,456		24,709
PepsiCo Inc		0.8			228,706		31,356
Procter & Gamble Co/The		0.7			233,806		29,081
Tyson Foods Inc, Cl A		0.6			281,181		24,221
Unilever NV		0.7			457,590		27,469
Walmart Inc		0.7			222,560		26,413
Other Securities		4.3					168,216
							357,086
Energy — 4.8%
Chevron Corp		1.1			365,748		43,378
Other Securities (A)		3.7					149,692
							193,070
Financials — 18.2%
Aflac Inc		0.7			525,317		27,485
Bank of America Corp		1.1			1,550,747		45,235
Citigroup Inc		0.7			379,987		26,250
CME Group Inc		0.6			117,119		24,752
JPMorgan Chase & Co		1.4			478,943		56,367

Description	Percentage of Net Assets (%)			Shares		Market Value     ($ Thousands)
COMMON STOCK (continued)
Moody’s Corp		1.5	%		288,575	$	59,109
MSCI Inc, Cl A		1.2			225,501		49,103
US Bancorp		0.8			544,503		30,133
Other Securities ‡		10.2					408,889
							727,323
Health Care — 15.6%
Amgen Inc, Cl A		0.7			148,566		28,749
Becton Dickinson and Co		1.2			192,791		48,768
Johnson & Johnson		2.1			659,514		85,328
Merck & Co Inc		1.8			866,971		72,982
Mettler-Toledo International Inc *		0.6			33,871		23,859
Pfizer Inc		0.8			851,349		30,589
UnitedHealth Group Inc		1.7			313,534		68,137
Other Securities (A)		6.7					262,115
							620,527
Industrials — 10.3%
Graco Inc		0.7			568,764		26,186
Roper Technologies Inc		0.6			67,713		24,146
Other Securities (B)		9.0					358,594
							408,926
Information Technology — 16.3%
Adobe Inc *		1.0			137,412		37,960
Apple Inc		1.5			266,564		59,702
Applied Materials Inc		0.6			507,844		25,341
Cisco Systems Inc		0.7			569,792		28,153
Intel Corp		0.7			571,741		29,462
Intuit Inc		1.0			156,005		41,488
Mastercard Inc, Cl A		1.6			239,790		65,120
Microchip Technology Inc (A)		0.7			298,826		27,764
Microsoft Corp		1.7			486,353		67,618
Oracle Corp, Cl B		0.7			512,747		28,216
Visa Inc, Cl A		1.3			300,204		51,638
Other Securities		4.8					187,245
							649,707
Materials — 4.4%
Ecolab Inc		0.8			155,113		30,719
Linde PLC		0.6			123,959		24,013
Sherwin-Williams Co/The, Cl A		1.2			89,695		49,321
Other Securities		1.8					73,187
							177,240
Real Estate — 3.2%
American Tower Corp, Cl A		0.8			144,806		32,021
HCP Inc ‡		0.7			775,087		27,616
Other Securities ‡		1.7					69,173
							128,810
Utilities — 1.8%
FirstEnergy Corp		0.6			511,649		24,677

  66   SEI Institutional Managed Trust / Annual Report / September 30, 2019

Description	Percentage of Net Assets (%)			Shares		Market Value     ($ Thousands)
COMMON STOCK (continued)
Other Securities		1.2	%			$	46,259
							70,936
Total Common Stock (Cost $2,118,715) ($ Thousands)							3,955,555
AFFILIATED PARTNERSHIP — 1.0%
SEI Liquidity Fund, L.P.
2.010% **†(C)		1.0			39,145,096		39,146
Total Affiliated Partnership (Cost $39,143) ($ Thousands)							39,146

Description	Percentage of Net Assets (%)			Shares		Market Value     ($ Thousands)
CASH EQUIVALENT — 0.9%
SEI Daily Income Trust, Government Fund, Cl F
1.800% **†		0.9	%		34,813,486	$	34,813
Total Cash Equivalent (Cost $34,813) ($ Thousands)							34,813
Total Investments in Securities — 101.0% (Cost $2,192,671)($ Thousands)						$	4,029,514

Percentages are based on a Net Assets of $3,991,140 ($ Thousands).

* Non-income producing security.

** The rate reported is the 7-day effective yield as of September 30, 2019.

^‡  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, 2019 (see Note 10). The total market value of securities on loan at September 30, 2019, was $38,938 ($ Thousands).

(B) Securities considered illiquid. The total value of such securities as of September 30, 2019 was $4,019 ($ Thousands) and represented 0.1% of Net Assets (see Note 2).

(C) This security was purchased with cash collateral held from securities on loan (see Note 10). The total market value of such securities as of September 30, 2019 was $39,146 ($ Thousands).

ADR — American Depositary Receipt

Cl — Class

L.P. — Limited Partnership

MSCI — Morgan Stanley Capital International

PLC — Public Limited Company

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, 2019, in valuing the Fund’s investments carried at value ($ Thousands):

Investments in Securities	Level 1     ($)		Level 2       ($)		Level 3     ($)		Total     ($)
Common Stock		3,955,555		–		–		3,955,555
Affiliated Partnership		–		39,146		–		39,146
Cash Equivalent		34,813		–		–		34,813
Total Investments in Securities		3,990,368		39,146		–		4,029,514

For the year ended September 30, 2019, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the year ended September 30, 2019, there were no transfers between Level 2 and Level 3 assets and liabilities.

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

The following is a summary of the Fund’s transactions with affiliates for the year ended September 30, 2019 ($ Thousands):

Security Description	Value 9/30/2018	Purchases at Cost	Proceeds from Sales	Realized Gain	Change in Unrealized   Appreciation	Value 9/30/2019	Shares	Income	Capital Gains
SEI Liquidity Fund, L.P.	$37,560	$392,590	$(391,017)	$10	$3	$39,146	39,145,096	$158	$—
SEI Daily Income Trust, Government Fund, Cl F	14,303	494,187	(473,677)	—	—	34,813	34,813,486	820	—
Totals	$51,863	$886,777	$(864,694)	$10	$3	$73,959	73,958,582	$978	$—

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, 2019   67

SUMMARY SCHEDULE OF INVESTMENTS

September 30, 2019

S&P 500 Index Fund

^†Percentages are based on total investments.

Description	Percentage of Net Assets (%)			Shares		Market Value     ($ Thousands)
COMMON STOCK — 99.1%
Communication Services — 10.2%
Alphabet Inc, Cl A *		1.5	%		9,945	$	12,144
Alphabet Inc, Cl C *		1.5			10,090		12,300
AT&T Inc		1.1			242,793		9,187
Comcast Corp, Cl A		0.8			150,496		6,784
Facebook Inc, Cl A *		1.7			80,109		14,266
Netflix Inc *		0.5			14,500		3,881
Verizon Communications Inc		1.0			137,396		8,293
Walt Disney Co/The		0.9			59,793		7,792
Other Securities		1.2					10,639
							85,286
Consumer Discretionary — 10.0%
Amazon.com Inc, Cl A *		2.9			13,796		23,949
Home Depot Inc/The		1.0			36,345		8,433
McDonald’s Corp		0.7			25,111		5,392
NIKE Inc, Cl B		0.5			41,294		3,878
Other Securities		4.9					41,664
							83,316
Consumer Staples — 7.5%
Coca-Cola Co/The		0.8			127,649		6,949
Costco Wholesale Corp		0.5			14,518		4,183
PepsiCo Inc		0.8			46,415		6,364
Philip Morris International Inc		0.5			51,387		3,902
Procter & Gamble Co/The		1.2			83,208		10,349
Walmart Inc		0.7			47,161		5,597
Other Securities		3.0					25,197
							62,541
Energy — 4.5%
Chevron Corp		0.9			63,023		7,475
Exxon Mobil Corp		1.2			140,646		9,931
Other Securities		2.4					19,893
							37,299
Financials — 12.9%
Bank of America Corp		1.0			278,245		8,116
Berkshire Hathaway Inc, Cl B *		1.6			65,217		13,566
Citigroup Inc		0.6			74,851		5,171
JPMorgan Chase & Co		1.5			106,376		12,519
Wells Fargo & Co		0.8			133,015		6,709

Description	Percentage of Net Assets (%)			Shares		Market Value     ($ Thousands)
COMMON STOCK (continued)
Other Securities		7.4	%			$	60,886
							106,967
Health Care — 13.5%
Abbott Laboratories		0.6			58,519		4,896
AbbVie Inc		0.4			48,768		3,693
Amgen Inc, Cl A		0.5			19,829		3,837
Johnson & Johnson		1.4			87,754		11,354
Medtronic PLC		0.6			44,372		4,820
Merck & Co Inc		0.9			84,974		7,153
Pfizer Inc		0.8			183,456		6,592
Thermo Fisher Scientific Inc		0.5			13,252		3,860
UnitedHealth Group Inc		0.8			31,428		6,830
Other Securities		7.0					59,497
							112,532
Industrials — 9.3%
Boeing Co/The		0.8			17,741		6,750
Honeywell International Inc		0.5			23,751		4,019
Union Pacific Corp		0.5			23,293		3,773
Other Securities		7.5					62,528
							77,070
Information Technology — 21.7%
Accenture PLC, Cl A		0.5			21,004		4,040
Adobe Inc *		0.5			16,041		4,431
Apple Inc		3.8			141,582		31,710
Cisco Systems Inc		0.8			140,861		6,960
Intel Corp		0.9			147,063		7,578
International Business Machines Corp		0.5			29,233		4,251
Mastercard Inc, Cl A		1.0			29,617		8,043
Microsoft Corp		4.3			254,571		35,393
Oracle Corp, Cl B		0.5			72,723		4,002
PayPal Holdings Inc *		0.5			38,849		4,024
salesforce.com Inc *		0.5			29,009		4,306
Texas Instruments Inc		0.5			30,866		3,989
Visa Inc, Cl A		1.2			57,418		9,876
Other Securities		6.2					51,935
							180,538
Materials — 2.7%
Other Securities		2.7					22,519
Real Estate — 3.2%
Other Securities ‡		3.2					26,834
Utilities — 3.6%
NextEra Energy Inc		0.5			16,120		3,756
Other Securities		3.1					25,904
							29,660
Total Common Stock (Cost $312,522) ($ Thousands)							824,562

  68   SEI Institutional Managed Trust / Annual Report / September 30, 2019

Description	Percentage of Net Assets (%)			Shares		Market Value     ($ Thousands)
CASH EQUIVALENT — 1.1%
SEI Daily Income Trust, Government Fund, Cl F
1.800% **†		1.1	%		8,999,263	$	8,999
Total Cash Equivalent (Cost $8,999) ($ Thousands)							8,999
Total Investments in Securities — 100.2% (Cost $321,521)($ Thousands)						$	833,561

A list of the open futures contracts held by the Fund at September 30, 2019 is as follows:

Type of Contract	Number of Contracts Long		Expiration   Date		Notional Amount (Thousands)		Value       (Thousands)		Unrealized       Depreciation (Thousands)
S&P 500 Index E-MINI		72		Dec-2019	$	10,822	$	10,722	$	(100)

Percentages are based on a Net Assets of $832,268 ($ Thousands).

* Non-income producing security.

** The rate reported is the 7-day effective yield as of September 30, 2019.

^‡  Real Estate Investment Trust.

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

Cl — Class

L.P. — Limited Partnership

PLC — Public Limited Company

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, 2019, 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		824,562			—		—		824,562
Cash Equivalent		8,999			—		—		8,999
Total Investments in Securities		833,561			—		—		833,561
Other Financial Instruments	Level 1 ($)			Level 2 ($)		Level 3 ($)		Total ($)
Futures Contracts*
Unrealized Depreciation		(100	)		–		–		(100	)
Total Other Financial Instruments		(100	)		–		–		(100	)

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

For the year ended September 30, 2019, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the year ended September 30, 2019, there were no transfers between Level 2 and Level 3 assets and liabilities.

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

The following is a summary of the Fund’s transactions with affiliates for the year ended September 30, 2019 ($ Thousands):

Security Description	Value 9/30/2018	Purchases at Cost	Proceeds from Sales	Realized Gain	Change in Unrealized Appreciation/   (Depreciation)	Value 9/30/2019	Shares	Income	Capital Gains
SEI Liquidity Fund, L.P.	$1,791	$10,046	$(11,838)	$1	$—	$—	—	$19	$—
SEI Daily Income Trust, Government Fund, Cl F	18,431	117,275	(126,707)	—	—	8,999	8,999,263	213	—
Totals	$20,222	$127,321	$(138,545)	$1	$—	$8,999	8,999,263	$232	$—

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, 2019   69

SUMMARY SCHEDULE OF INVESTMENTS

September 30, 2019

Small Cap Fund

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

Description	Percentage of Net Assets (%)			Shares		Market Value     ($ Thousands)
COMMON STOCK — 97.6%
Communication Services — 2.4%
Cogent Communications Holdings Inc		0.4	%		41,991	$	2,314
Other Securities (A)		2.0					11,871
							14,185
Consumer Discretionary — 14.9%
Bloomin’ Brands Inc		0.6			170,867		3,235
Cheesecake Factory Inc/The		0.6			77,639		3,236
Dave & Buster’s Entertainment Inc (A)		0.5			72,569		2,827
Modine Manufacturing Co *		0.9			487,936		5,548
Murphy USA Inc *		0.4			30,360		2,590
Pool Corp		0.6			16,839		3,396
Skechers U.S.A. Inc, Cl A *		0.5			81,039		3,027
Urban Outfitters Inc *		0.7			137,933		3,875
Vail Resorts Inc		0.5			12,636		2,875
Other Securities (A)		9.6					56,664
							87,273
Consumer Staples — 4.8%
Casey’s General Stores Inc		0.5			16,529		2,664
Hain Celestial Group Inc/The *		0.5			125,094		2,686
J&J Snack Foods Corp		0.4			12,180		2,339
TreeHouse Foods Inc *		0.4			46,065		2,554
Other Securities (A)		3.0					17,916
							28,159
Energy — 1.3%
Other Securities (A)(B)		1.3					7,905
Financials — 17.5%
Affiliated Managers Group Inc		0.5			37,403		3,118
American Equity Investment Life Holding Co		0.8			197,157		4,771

Description	Percentage of Net Assets (%)			Shares		Market Value     ($ Thousands)
COMMON STOCK (continued)
Bank OZK		0.5	%		98,506	$	2,686
BankUnited Inc		1.1			184,996		6,220
CNO Financial Group Inc		0.8			288,679		4,570
First Commonwealth Financial Corp		0.7			292,115		3,879
FNB Corp/PA		1.3			636,704		7,341
Great Western Bancorp Inc		0.6			106,609		3,518
Home BancShares Inc/AR		0.5			139,848		2,628
National General Holdings Corp		0.8			208,855		4,808
Sterling Bancorp/DE		0.4			127,297		2,554
Umpqua Holdings Corp		0.8			295,598		4,866
Other Securities ‡(A)		8.7					51,704
							102,663
Health Care — 13.0%
Cardiovascular Systems Inc *		0.6			70,491		3,350
Ensign Group Inc/The		0.4			51,793		2,456
Magellan Health Inc *		0.7			62,698		3,894
Tivity Health Inc *		0.6			208,934		3,475
Other Securities (A)		10.7					63,008
							76,183
Industrials — 17.2%
BWX Technologies Inc, Cl W		0.6			63,099		3,610
Generac Holdings Inc *		0.4			32,488		2,545
Huron Consulting Group Inc *		0.4			36,994		2,269
JetBlue Airways Corp *		0.5			159,924		2,679
MasTec Inc *		0.5			45,822		2,975
MSC Industrial Direct Co Inc, Cl A		0.4			32,481		2,356
Tetra Tech Inc		0.6			39,283		3,408
Other Securities (A)(B)		13.8					80,924
							100,766
Information Technology — 16.6%
Cabot Microelectronics Corp		0.5			20,537		2,900
CACI International Inc, Cl A *		0.5			13,638		3,154
MACOM Technology Solutions Holdings Inc *		0.5			125,764		2,703
NCR Corp *		0.5			86,863		2,741
Perficient Inc *		0.5			70,099		2,704
Power Integrations Inc		0.5			29,615		2,678
Super Micro Computer Inc *		0.8			233,203		4,478
SYNNEX Corp		0.5			25,093		2,833
Viavi Solutions Inc *		0.4			182,790		2,560
Other Securities (A)		11.9					70,794
							97,545
Materials — 4.1%
Commercial Metals Co, Cl A		0.7			244,407		4,248
Other Securities (A)(D)		3.4					19,836
							24,084
Real Estate — 3.5%
Americold Realty Trust ‡		0.7			103,205		3,826
Other Securities ‡(A)		2.8					16,877
							20,703

  70   SEI Institutional Managed Trust / Annual Report / September 30, 2019

Description	Percentage of Net Assets (%)			Shares		Market Value     ($ Thousands)
COMMON STOCK (continued)
Utilities — 2.3%
Algonquin Power & Utilities Corp		0.4	%		166,032	$	2,275
American Water Works Co Inc		0.4			17,657		2,193
Other Securities		1.5					9,230
							13,698
Total Common Stock (Cost $531,252) ($ Thousands)							573,164
EXCHANGE TRADED FUND — 0.2%
Other Securities		0.2					1,096
Total Exchange Traded Fund (Cost $1,116) ($ Thousands)							1,096
AFFILIATED PARTNERSHIP — 2.9%
SEI Liquidity Fund, L.P.
2.010% **†(C)		2.9			16,901,212		16,900
Total Affiliated Partnership (Cost $16,901) ($ Thousands)							16,900
CASH EQUIVALENT — 2.3%
SEI Daily Income Trust, Government Fund, Cl F
1.800% **†		2.3			13,698,028		13,698
Total Cash Equivalent (Cost $13,698) ($ Thousands)							13,698
Total Investments in Securities — 103.0% (Cost $562,967)($ Thousands)						$	604,858

Percentages are based on Net Assets of $587,388 ($ Thousands).

* Non-income producing security.

** Rate shown is the 7-day effective yield as of September 30, 2019.

^‡  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, 2019 (see Note 10). The total market value of securities on loan at September 30, 2019 was $16,240 ($ Thousands).

(B) Security is a Master Limited Partnership. At September 30, 2019, such securities amounted to $3,101 ($ Thousands), or 0.5% 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, 2019 was $16,900 ($ Thousands).

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

Cl — Class

L.P. — Limited Partnership

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, 2019, 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		573,164		–		–		573,164
Exchange Traded Fund		1,096		–		–		1,096
Affiliated Partnership		–		16,900		–		16,900
Cash Equivalent		13,698		–		–		13,698
Total Investments in Securities		587,958		16,900		–		604,858

(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, 2019, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the year ended September 30, 2019, there were no transfers between Level 2 and Level 3 assets and liabilities.

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

  SEI Institutional Managed Trust / Annual Report / September 30, 2019   71

SUMMARY SCHEDULE OF INVESTMENTS

September 30, 2019

Small Cap Fund (Concluded)

The following is a summary of the Fund’s transactions with affiliates for the year ended September 30, 2019 ($ Thousands):    

Security Description	Value 9/30/2018	Purchases at Cost	Proceeds from Sales	Realized Gain	Change in Unrealized   Appreciation	Value 9/30/2019	Shares	Income	Capital Gains
SEI Liquidity Fund, L.P.	$50,875	$143,161	$(177,152)	$12	$4	$16,900	16,901,212	$268	$—
SEI Daily Income Trust, Government Fund, Cl F	16,607	141,789	(144,698)	—	—	$13,698	13,698,028	260	—
Totals	$67,482	$284,950	$(321,850)	$12	$4	$30,598	30,599,240	$528	$—

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

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

  72   SEI Institutional Managed Trust / Annual Report / September 30, 2019

SUMMARY SCHEDULE OF INVESTMENTS

September 30, 2019

Small Cap Value Fund

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

Description	Percentage of Net Assets (%)			Shares		Market Value   ($ Thousands)
COMMON STOCK  — 94.9%
Communication Services — 2.7%
IAC/InterActiveCorp *		1.3	%		18,567	$	4,047
Nexstar Media Group Inc, Cl A		0.5			16,815		1,720
Other Securities		0.9					2,758
							8,525
Consumer Discretionary — 11.5%
Lithia Motors Inc, Cl A		0.9			20,754		2,747
Modine Manufacturing Co *		1.0			289,091		3,287
Six Flags Entertainment Corp		0.8			53,194		2,702
Urban Outfitters Inc *		0.6			67,239		1,889
Wendy’s Co/The		0.6			103,040		2,059
Other Securities (A)		7.6					24,020
							36,704
Consumer Staples — 2.6%
Hostess Brands Inc, Cl A *		0.6			140,296		1,962
Spectrum Brands Holdings Inc		0.5			32,616		1,720
Other Securities (A)		1.5					4,647
							8,329
Energy — 2.9%
Other Securities (A)(B)		2.9					9,353
Financials — 24.7%
American Equity Investment Life Holding Co		0.8			103,917		2,515
BankUnited Inc		1.2			115,472		3,882
BGC Partners Inc, Cl A		0.7			404,140		2,223
CNO Financial Group Inc		1.1			224,915		3,560
Columbia Banking System Inc		0.9			78,655		2,902
First Commonwealth Financial Corp		0.9			210,086		2,790
FNB Corp/PA		1.0			279,228		3,219
Great Western Bancorp Inc		0.5			52,279		1,725
National General Holdings Corp		0.7			95,301		2,194
OFG Bancorp		0.5			78,805		1,726
PacWest Bancorp		1.0			88,073		3,201

Description	Percentage of Net Assets (%)			Shares		Market Value   ($ Thousands)
COMMON STOCK (continued)
Starwood Property Trust Inc ‡		0.8	%		110,832	$	2,684
Umpqua Holdings Corp		0.7			141,724		2,333
Other Securities ‡(A)		13.9					44,284
							79,238
Health Care  —  4.7%
Ligand Pharmaceuticals Inc *(A)		0.8			25,974		2,585
Magellan Health Inc		0.7			34,660		2,152
Syneos Health Inc, Cl A *		0.9			55,929		2,976
Tivity Health Inc *		0.5			101,682		1,691
Other Securities (A)		1.8					5,666
							15,070
Industrials  — 15.3%
ACCO Brands Corp		0.5			172,029		1,698
AECOM *		0.6			46,612		1,751
Apogee Enterprises Inc		0.6			51,013		1,989
Atlas Air Worldwide Holdings Inc *		0.6			74,188		1,872
Colfax Corp *		0.9			93,183		2,708
Genesee & Wyoming Inc, Cl A *		0.6			17,655		1,951
IAA Inc *		0.9			72,474		3,024
JetBlue Airways Corp *		0.6			114,645		1,920
KAR Auction Services Inc		0.8			104,542		2,566
Teledyne Technologies Inc *		1.1			10,498		3,380
Other Securities		8.1					26,262
							49,121
Information Technology  — 10.6%
ACI Worldwide Inc *		1.4			146,259		4,582
Insight Enterprises Inc *		0.6			35,214		1,961
j2 Global Inc		0.7			22,880		2,078
Super Micro Computer Inc *		0.7			118,869		2,282
Tech Data Corp *		0.7			22,482		2,343
Other Securities		6.5					20,764
							34,010
Materials  — 7.8%
Commercial Metals Co, Cl A		0.6			117,032		2,034
FMC Corp		1.6			59,552		5,221
Silgan Holdings Inc		0.9			95,523		2,869
Other Securities (A)		4.7					14,860
							24,984
Real Estate — 9.4%
Gaming and Leisure Properties Inc ‡		1.1			95,071		3,636
Howard Hughes Corp/The *		0.7			15,710		2,036
Medical Properties Trust Inc ‡		1.5			238,795		4,671
Other Securities ‡(A)		6.1					19,639
							29,982
Utilities  — 2.7%
National Fuel Gas Co		0.9			63,969		3,002
NorthWestern Corp		0.9			37,046		2,780

  SEI Institutional Managed Trust / Annual Report / September 30, 2019   73

SUMMARY SCHEDULE OF INVESTMENTS

September 30, 2019

Small Cap Value Fund (Concluded)

Description	Percentage of Net Assets (%)			Shares		Market Value   ($ Thousands)
COMMON STOCK (continued)
Portland General Electric Co		0.9	%		53,589	$	3,021
							8,803
Total Common Stock (Cost $281,933) ($ Thousands)							304,119
AFFILIATED PARTNERSHIP — 2.6%
SEI Liquidity Fund, L.P.
2.010% **†(C)		2.6			8,494,423		8,496
Total Affiliated Partnership (Cost $8,494) ($ Thousands)							8,496

Description	Percentage of Net Assets (%)			Shares		Market Value   ($ Thousands)
CASH EQUIVALENT — 5.0%
SEI Daily Income Trust, Government Fund, Cl F
1.800% **†		5.0	%		16,059,356	$	16,059
Total Cash Equivalent (Cost $16,059) ($ Thousands)							16,059
Total Investments in Securities — 102.5% (Cost $306,486)($ Thousands)						$	328,674

A list of the open futures contracts held at September 30, 2019 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		62		Dec-2019	$	4,840	$	4,728	$	(112)

Percentages are based on Net Assets of $320,618 ($ Thousands).

* Non-income producing security.

** Rate shown is the 7-day effective yield as of September 30, 2019.

^‡  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, 2019 (See Note 10). The total market value of securities on loan at September 30, 2019 was $8,319 ($ Thousands).

(B) Security is a Master Limited Partnership. At September 30, 2019, such securities amounted to $2,009 ($ Thousands), or 0.6% of the net assets (See Note 2).

(C) This security was purchased with cash collateral held from securities on loan (See Note 10). The total market value of such securities as of September 30, 2019 was $8,496 ($ Thousands).

Cl — Class

L.P. — Limited Partnership

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, 2019, 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		304,119			–		–		304,119
Affiliated Partnership		–			8,496		–		8,496
Cash Equivalent		16,059			–		–		16,059
Total Investments in Securities		320,178			8,496		–		328,674
Other Financial Instruments	Level 1 ($)			Level 2 ($)		Level 3 ($)		Total ($)
Futures Contracts*
Unrealized Depreciation		(112	)		–		–		(112	)
Total Other Financial Instruments		(112	)		–		–		(112	)

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

(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, 2019, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the year ended September 30, 2019, there were no transfers between Level 2 and Level 3 assets and liabilities.

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

The following is a summary of the Fund’s transactions with affiliates for the year ended September 30, 2019 ($ Thousands):

Security Description	Value 9/30/2018	Purchases at Cost	Proceeds from Sales	Realized Gain	Change in Unrealized   Appreciation	Value 9/30/2019	Shares	Income	Capital Gains
SEI Liquidity Fund, L.P.	$57,595	$56,274	$(105,402)	$23	$6	$8,496	8,494,423	$152	$—
SEI Daily Income Trust, Government Fund, Cl F	10,473	76,236	(70,650)	—	—	16,059	16,059,356	229	—
Totals	$68,068	$132,510	$(176,052)	$23	$6	$24,555	24,553,779	$381	$—

  74   SEI Institutional Managed Trust / Annual Report / September 30, 2019

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, 2019   75

SUMMARY SCHEDULE OF INVESTMENTS

September 30, 2019

Small Cap Growth Fund

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

Description	Percentage of Net Assets (%)			Shares		Market Value ($ Thousands)
COMMON STOCK — 96.5%
Communication Services — 3.0%
Cinemark Holdings Inc		0.5	%		38,183	$	1,475
Vonage Holdings Corp *		0.6			186,606		2,109
Other Securities (A)		1.9					6,113
							9,697
Consumer Discretionary — 13.3%
Conn’s Inc *(A)		0.5			65,198		1,621
Eldorado Resorts Inc *(A)		0.6			49,231		1,963
Jack in the Box Inc		0.8			27,492		2,505
PlayAGS Inc *		0.7			235,181		2,418
Sally Beauty Holdings Inc *(A)		0.7			163,372		2,433
Skechers U.S.A. Inc, Cl A *		0.8			69,140		2,582
Other Securities (A)		9.2					30,308
							43,830
Consumer Staples — 1.4%
Other Securities		1.4					4,518
Energy — 1.1%
Other Securities (A)		1.1					3,757
Financials — 8.5%
Other Securities ‡(A)(B)(C)(D)(G)		8.5					27,848
Health Care — 22.6%
Cardiovascular Systems Inc *		1.1			73,568		3,496
Ligand Pharmaceuticals Inc *(A)		0.6			20,295		2,020
Medpace Holdings Inc *		0.5			19,520		1,640
Merit Medical Systems Inc *		0.6			63,431		1,932
NeoGenomics Inc *		0.7			112,182		2,145
Omnicell Inc *		0.6			28,942		2,092
Prestige Consumer Healthcare Inc, Cl A *		0.4			40,795		1,415
R1 RCM Inc *		0.6			215,633		1,926
Repligen Corp *		0.4			18,375		1,409

Description	Percentage of Net Assets (%)			Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Syneos Health Inc, Cl A *		0.4	%		26,565	$	1,413
Other Securities (A)		16.7					54,631
							74,119
Industrials — 21.0%
ABM Industries Inc		0.5			41,122		1,494
Brink’s Co/The		0.5			21,086		1,749
Clean Harbors Inc *		0.8			35,924		2,773
Fortress Transportation & Infrastructure Investors LLC (E)		0.5			115,430		1,749
FTI Consulting Inc *		0.5			15,700		1,664
Heritage-Crystal Clean Inc *		0.8			93,356		2,474
ICF International Inc, Cl A		0.9			34,109		2,881
InnerWorkings Inc *		0.6			405,266		1,795
John Bean Technologies Corp, Cl A		0.6			20,741		2,062
Kirby Corp *		0.5			18,035		1,482
MasTec Inc *		1.2			60,194		3,908
Matson Inc		0.5			41,952		1,574
Ritchie Bros Auctioneers Inc		0.5			37,343		1,490
Saia Inc *		0.5			19,069		1,787
SP Plus Corp *		0.4			38,264		1,416
Tennant Co		0.5			24,233		1,713
TriNet Group Inc *		0.5			24,256		1,509
TrueBlue Inc *		0.5			80,416		1,697
WillScot Corp, Cl A *		0.5			110,825		1,727
Other Securities (A)		9.7					32,111
							69,055
Information Technology — 20.0%
CACI International Inc, Cl A *		0.4			5,946		1,375
Carbonite Inc *		0.5			96,369		1,493
Cornerstone OnDemand Inc *		0.7			41,826		2,293
FireEye Inc *		0.7			183,380		2,446
Five9 Inc *		0.7			41,837		2,248
Lattice Semiconductor Corp *		0.4			77,840		1,423
LogMeIn Inc		0.9			39,798		2,824
MAXIMUS Inc		0.5			21,711		1,677
Perficient Inc *		0.9			80,287		3,097
Presidio Inc		0.5			95,458		1,613
Proofpoint Inc *		0.7			16,616		2,144
Switch Inc, Cl A		0.7			145,016		2,265
Other Securities (A)(B)(C)(G)		12.4					40,796
							65,694
Materials — 1.1%
Other Securities		1.1					3,679
Real Estate — 3.6%
Medical Properties Trust Inc ‡		0.4			71,424		1,397
Other Securities ‡(A)		3.2					10,522
							11,919

  76   SEI Institutional Managed Trust / Annual Report / September 30, 2019

Description	Percentage of Net Assets (%)			Shares	Market Value   ($ Thousands)
COMMON STOCK (continued)
Utilities — 0.9%
Other Securities		0.9	%		$	2,893
Total Common Stock (Cost $296,215) ($ Thousands)						317,009
WARRANT — 0.0%
Other Securities		0.0				39
Total Warrant (Cost $68) ($ Thousands)						39

Description	Percentage of Net Assets (%)			Shares		Market Value   ($ Thousands)
AFFILIATED PARTNERSHIP — 7.2%
SEI Liquidity Fund, L.P.
2.010% **†(F)		7.2	%		23,698,539	$	23,698
Total Affiliated Partnership (Cost $23,698) ($ Thousands)							23,698
CASH EQUIVALENT — 3.4%
SEI Daily Income Trust, Government Fund, Cl F
1.800% **†		3.4			11,045,819		11,046
Total Cash Equivalent (Cost $11,046) ($ Thousands)							11,046
Total Investments in Securities — 107.1% (Cost $331,027)($ Thousands)						$	351,792

A list of the open futures contracts held by the Fund at September 30, 2019 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		37		Dec-2019	$	2,885		$            2,821		$                (64)

Percentages are based on a Net Assets of $328,562 ($ Thousands).

* Non-income producing security.

** Rate shown is the 7-day effective yield as of September 30, 2019.

^‡  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, 2019 (see Note 10). The total market value of securities on loan at September 30, 2019, was $23,082 ($ 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, 2019 was $1,322 ($ Thousands) and represented 0.4% of Net Assets (see Note 2).

(D) Securities considered restricted. The total market value of such securities as of September 30, 2019 was $58 ($ Thousands) and represented 0.0% of Net Assets (See Note 2).

(E) Security is a Master Limited Partnership. At September 30, 2019, such securities amounted to $1,749 ($ Thousands), or 0.5% of Net Assets (see Note 2).

(F) This security was purchased with cash collateral held from securities on loan (see Note 10). The total market value of such securities as of September 30, 2019 was $23,698 ($ Thousands).

(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, 2019 was $87 ($ Thousands) and represented 0.0% of the Net Assets of the Fund.

Cl — Class

LLC — Limited Liability Company

L.P. — Limited Partnership

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, 2019, 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		316,922		–		87		317,009
Warrant		–		39		–		39
Affiliated Partnership		–		23,698		–		23,698
Cash Equivalent		11,046		–		–		11,046
Total Investments in Securities		327,968		23,737		87		351,792
Other Financial Instruments	Level 1     ($)		Level 2     ($)		Level 3     ($)		Total     ($)
Futures Contracts*
Unrealized Depreciation		(64)		–		–		(64)
Total Other Financial Instruments		(64)		–		–		(64)

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

(1) A reconciliation of Level 3 investments is presented when the Fund has a significant amount of Level 3 investments at the beginning and/or end of the year 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, 2019, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the year ended September 30, 2019, there were no transfers between Level 2 and Level 3 assets and liabilities.

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

  SEI Institutional Managed Trust / Annual Report / September 30, 2019   77

SUMMARY SCHEDULE OF INVESTMENTS

September 30, 2019

Small Cap Growth Fund (Concluded)

The following is a summary of the Fund’s transactions with affiliates for the year ended September 30, 2019 ($ Thousands):

Security Description	Value 9/30/2018	Purchases at Cost	Proceeds from Sales	Realized Gain	Change in Unrealized   Appreciation	Value 9/30/2019	Shares	Income	Capital Gains
SEI Liquidity Fund, L.P.	$25,165	$107,771	$(109,245)	$5	$2	$23,698	23,698,539	$209	$—
SEI Daily Income Trust, Government Fund, Cl F	17,517	94,958	(101,429)	—	—	$11,046	11,045,819	178	—
Totals	$42,682	$202,729	$(210,674)	$5	$2	$34,744	34,744,358	$387	$—

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

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

  78   SEI Institutional Managed Trust / Annual Report / September 30, 2019

SUMMARY SCHEDULE OF INVESTMENTS

September 30, 2019

Tax-Managed Small/Mid Cap Fund

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

Description	Percentage of Net Assets (%)			Shares		Market Value ($ Thousands)
COMMON STOCK — 97.9%
Communication Services — 2.7%
IAC/InterActiveCorp *		1.1	%		43,031	$	9,379
Nexstar Media Group Inc, Cl A (A)		0.5			39,210		4,012
Other Securities (A)		1.1					9,891
							23,282
Consumer Discretionary — 12.6%
Lithia Motors Inc, Cl A		0.9			56,842		7,525
Modine Manufacturing Co *		0.7			579,177		6,585
Pool Corp		0.6			24,064		4,854
Six Flags Entertainment Corp		0.9			149,154		7,576
Skechers U.S.A. Inc, Cl A *		0.4			95,273		3,558
Urban Outfitters Inc *		0.4			124,232		3,490
Wendy’s Co/The		0.6			255,433		5,104
Other Securities (A)		8.1					70,811
							109,503
Consumer Staples — 4.8%
Hostess Brands Inc, Cl A *		0.7			455,006		6,363
Pilgrim’s Pride Corp *		0.5			141,116		4,522
Spectrum Brands Holdings Inc (A)		0.5			73,758		3,888
Other Securities (A)		3.1					26,759
							41,532
Energy — 1.4%
Other Securities (A)		1.4					12,156
Financials — 18.2%
American Equity Investment Life Holding Co		0.8			291,562		7,056
BankUnited Inc		0.6			170,921		5,746
BGC Partners Inc, Cl A		0.6			876,359		4,820
Columbia Banking System Inc (A)		0.5			124,842		4,607
First Commonwealth Financial Corp		0.4			313,357		4,161
FNB Corp/PA (A)		0.8			577,205		6,655

Description	Percentage of Net Assets (%)			Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Hanover Insurance Group Inc/The, Cl A		0.4	%		25,705	$	3,484
National General Holdings Corp		0.6			241,308		5,555
OFG Bancorp		0.5			188,441		4,127
PacWest Bancorp		0.8			184,724		6,713
Starwood Property Trust Inc ‡		0.7			240,140		5,816
Umpqua Holdings Corp		0.5			285,803		4,704
Other Securities ‡(A)		11.0					95,459
							158,903
Health Care — 10.7%
Ligand Pharmaceuticals Inc *(A)		0.5			45,961		4,575
Magellan Health Inc *		0.5			72,448		4,499
Syneos Health Inc, Cl A *(A)		0.8			126,943		6,755
Tivity Health Inc *(A)		0.5			260,511		4,332
Other Securities (A)		8.4					72,993
							93,154
Industrials — 15.7%
Colfax Corp *(A)		0.5			139,268		4,047
CoStar Group Inc *		0.5			7,222		4,284
Genesee & Wyoming Inc, Cl A *		0.7			56,029		6,192
IAA Inc *		1.2			243,005		10,141
KAR Auction Services Inc		0.8			271,436		6,664
Teledyne Technologies Inc *		1.0			27,753		8,936
XPO Logistics Inc *(A)		0.5			56,076		4,013
Other Securities (A)		10.5					92,191
							136,468
Information Technology — 14.3%
ACI Worldwide Inc *		1.5			415,167		13,005
Cadence Design Systems Inc *		0.4			53,461		3,533
Cypress Semiconductor Corp		0.5			171,349		3,999
EVERTEC Inc		0.4			113,185		3,534
j2 Global Inc *(A)		0.9			89,262		8,107
MAXIMUS Inc		0.5			53,612		4,142
Super Micro Computer Inc *		0.8			345,310		6,630
Wix.com Ltd *		0.4			32,447		3,788
Other Securities (A)		8.9					77,450
							124,188
Materials — 5.7%
Ashland Global Holdings Inc		0.4			46,410		3,576
Commercial Metals Co, Cl A (A)		0.6			306,621		5,329
FMC Corp		1.3			126,012		11,049
Silgan Holdings Inc		0.8			221,809		6,662
Other Securities (A)		2.6					22,811
							49,427
Real Estate — 7.6%
Gaming and Leisure Properties Inc ‡		0.7			164,643		6,296
Howard Hughes Corp/The *(A)		0.5			30,552		3,960
Medical Properties Trust Inc ‡		1.0			428,546		8,382
Other Securities ‡(A)		5.4					47,789
							66,427

  SEI Institutional Managed Trust / Annual Report / September 30, 2019   79

SUMMARY SCHEDULE OF INVESTMENTS

September 30, 2019

Tax-Managed Small/Mid Cap Fund (Concluded)

Description	Percentage of Net Assets (%)			Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Utilities — 4.2%
Other Securities		4.2	%			$	36,611
Total Common Stock (Cost $600,246) ($ Thousands)							851,651
RIGHTS — 0.0%
Other Securities(B)*		0.0					103
Total Rights (Cost $–) ($ Thousands)							103
AFFILIATED PARTNERSHIP — 9.0%
SEI Liquidity Fund, L.P.
2.010% **†(C)		9.0			78,151,135		78,149
Total Affiliated Partnership (Cost $78,150) ($ Thousands)							78,149
CASH EQUIVALENT — 2.2%
SEI Daily Income Trust, Government Fund, Cl F
1.800% **†		2.2			18,992,409		18,992
Total Cash Equivalent (Cost $18,992) ($ Thousands)							18,992
Total Investments in Securities — 109.1%
(Cost $697,388)($ Thousands)						$	948,895

Percentages are based on a Net Assets of $869,809 ($ Thousands).

* Non-income producing security.

** The rate reported is the 7-day effective yield as of September 30, 2019.

^‡  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, 2019 (see Note 10). The total market value of securities on loan at September 30, 2019, was $76,613 ($ Thousands).

(B) Securities considered illiquid. The total value of such securities as of September 30, 2019 was $103 ($ Thousands) and represented 0.0% of Net Assets (see Note 2).

(C) This security was purchased with cash collateral held from securities on loan (see Note 10). The total market value of such securities as of September 30, 2019 was $78,149 ($ Thousands).

Cl — Class

L.P. — Limited Partnership

Ltd. — Limited

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, 2019, in valuing the Fund’s investments carried at value ($ Thousands):

Investments in Securities	Level 1 ($)		Level 2 ($)		Level 3 ($)		Total ($)
Common Stock		851,651		–		–		851,651
Rights		103		–		–		103
Affiliated Partnership		–		78,149		–		78,149
Cash Equivalent		18,992		–		–		18,992
Total Investments in Securities		870,746		78,149		–		948,895

For the year ended September 30, 2019, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the year ended September 30, 2019, there were no transfers between Level 2 and Level 3 assets and liabilities.

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

The following is a summary of the Fund’s transactions with affiliates for the year ended September 30, 2019 ($ Thousands):

Security Description	Value 9/30/2018	Purchases at Cost	Proceeds from Sales	Realized Gain	Change in Unrealized   Appreciation	Value 9/30/2019	Shares	Income	Capital Gains
SEI Liquidity Fund, L.P.	$173,797	$165,190	$(260,906)	$54	$14	$78,149	78,151,135	$361	$—
SEI Daily Income Trust, Government Fund, Cl F	32,302	111,898	(125,208)	—	—	18,992	18,992,409	435	—
Totals	$206,099	$277,088	$(386,114)	$54	$14	$97,141	97,143,544	$796	$—

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

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

  80   SEI Institutional Managed Trust / Annual Report / September 30, 2019

SUMMARY SCHEDULE OF INVESTMENTS

September 30, 2019

Mid-Cap Fund

^†Percentages are based on total investments.

Description	Percentage of Net Assets (%)			Shares		Market Value     ($ Thousands)
COMMON STOCK — 97.0%
Communication Services — 2.7%
CenturyLink Inc		0.7	%		61,600	$	769
Other Securities		2.0					2,092
							2,861
Consumer Discretionary — 12.8%
Chipotle Mexican Grill Inc, Cl A *		0.8			1,060		891
Expedia Group Inc		0.8			5,900		793
Hilton Worldwide Holdings Inc		0.9			10,100		940
Royal Caribbean Cruises Ltd		0.7			7,100		769
Whirlpool Corp		0.7			4,600		728
Yum China Holdings Inc		0.8			19,600		890
Other Securities		8.1					8,489
							13,500
Consumer Staples — 5.2%
Archer-Daniels-Midland Co		0.8			21,100		867
Tyson Foods Inc, Cl A		1.0			12,200		1,051
Other Securities		3.4					3,605
							5,523
Energy — 2.4%
HollyFrontier Corp		0.7			14,200		762
ONEOK Inc		0.8			11,100		818
Other Securities		0.9					965
							2,545
Financials — 11.6%
Ameriprise Financial Inc		0.9			6,600		971
Citizens Financial Group Inc		0.8			23,100		817
CNA Financial Corp		0.5			11,200		552
Discover Financial Services		0.7			9,500		770
Fifth Third Bancorp		0.8			30,500		835
Loews Corp		0.7			13,500		695
Other Securities ‡		7.2					7,629
							12,269
Health Care — 10.9%
Cerner Corp		0.8			12,200		832
Cooper Cos Inc/The, Cl A		0.7			2,500		742
Hologic Inc *		0.7			15,200		767

Description	Percentage of Net Assets (%)			Shares		Market Value     ($ Thousands)
COMMON STOCK (continued)
Incyte Corp *		0.8	%		11,000	$	817
IQVIA Holdings Inc *		0.9			6,400		956
STERIS PLC		0.7			5,300		766
Veeva Systems Inc, Cl A *		0.7			4,800		733
West Pharmaceutical Services Inc		0.7			5,200		737
Zimmer Biomet Holdings Inc		0.9			7,300		1,002
Other Securities		4.0					4,110
							11,462
Industrials — 13.7%
AMETEK Inc		0.7			8,700		799
Arconic Inc		0.8			33,500		871
CoStar Group Inc *		0.8			1,380		819
Cummins Inc		1.0			6,600		1,074
PACCAR Inc		1.0			14,500		1,015
United Airlines Holdings Inc *		0.7			8,400		743
Other Securities		8.7					9,199
							14,520
Information Technology — 17.5%
ANSYS Inc *		0.7			3,500		775
Booz Allen Hamilton Holding Corp, Cl A		0.8			11,500		817
CDW Corp/DE		1.0			8,500		1,048
FleetCor Technologies Inc *		0.9			3,400		975
Fortinet Inc *		0.8			10,800		829
Keysight Technologies Inc *		0.8			8,900		866
Lam Research Corp		1.1			4,900		1,132
Leidos Holdings Inc		0.9			10,500		902
Symantec Corp, Cl A		0.7			31,500		744
Synopsys Inc *		1.0			7,600		1,043
Other Securities		8.8					9,305
							18,436
Materials — 4.4%
Martin Marietta Materials Inc, Cl A		0.7			2,800		767
Vulcan Materials Co		0.9			5,900		892
Other Securities		2.8					2,983
							4,642
Real Estate — 9.8%
CBRE Group Inc, Cl A *		0.9			18,300		970
SBA Communications Corp, Cl A ‡		0.7			3,200		772
Ventas Inc ‡		0.9			13,000		949
VEREIT Inc ‡		0.8			83,000		812
Other Securities ‡		6.5					6,876
							10,379
Utilities — 6.0%
NRG Energy Inc		0.8			20,800		824
Public Service Enterprise Group Inc		1.0			16,400		1,018
UGI Corp		0.7			14,900		749

  SEI Institutional Managed Trust / Annual Report / September 30, 2019   81

SUMMARY SCHEDULE OF INVESTMENTS

September 30, 2019

Mid-Cap Fund (Concluded)

Description	Percentage of Net Assets (%)			Shares		Market Value     ($ Thousands)
COMMON STOCK (continued)
Other Securities		3.5	%			$	3,702
							6,293
Total Common Stock (Cost $95,187) ($ Thousands)							102,430
CASH EQUIVALENT — 3.0%
SEI Daily Income Trust, Government Fund, Cl F
1.800% **†		3.0			3,143,461		3,143
Total Cash Equivalent (Cost $3,143) ($ Thousands)							3,143
Total Investments in Securities — 100.0%
(Cost $98,330)($ Thousands)						$	105,573

Percentages are based on a Net Assets of $105,600 ($ Thousands).

* Non-income producing security.

** The rate reported is the 7-day effective yield as of September 30, 2019.

^‡  Real Estate Investment Trust.

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

Cl — Class

Ltd. — Limited

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

As of September 30, 2019, 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, 2019, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the year ended September 30, 2019, there were no transfers between Level 2 and Level 3 assets and liabilities.

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

The following is a summary of the Fund’s transactions with affiliates for the year ended September 30, 2019 ($ Thousands):

Security Description	Value     9/30/2018	Purchases at Cost	Proceeds from Sales	Realized Gain/ (Loss)	Change in Unrealized   Appreciation/ (Depreciation)	Value 9/30/2019	Shares	Income	Capital Gains
SEI Liquidity Fund, L.P.	$—	$1,664	$(1,664)	$—	$—	$—	—	$4	$—
SEI Daily Income Trust, Government Fund, Cl F	5,637	39,171	(41,665)	—	—	3,143	3,143,461	80	—
Totals	$5,637	$40,835	$(43,329)	$–	$–	$3,143	3,143,461	$84	$—

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

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

  82   SEI Institutional Managed Trust / Annual Report / September 30, 2019

SUMMARY SCHEDULE OF INVESTMENTS

September 30, 2019

U.S. Managed Volatility Fund

^† Percentages are based on total investments.

Description	Percentage of Net Assets (%)			Shares		Market Value     ($ Thousands)
COMMON STOCK — 97.3%
Communication Services — 8.1%
AT&T Inc		1.2	%		560,800	$	21,221
Comcast Corp, Cl A		0.9			370,900		16,720
Omnicom Group Inc		0.8			177,943		13,933
Verizon Communications		1.9			582,177		35,140
Other Securities		3.3					61,362
							148,376
Consumer Discretionary — 7.2%
AutoZone Inc *		1.1			19,300		20,933
Target Corp, Cl A		1.9			320,200		34,233
Other Securities		4.2					76,556
							131,722
Consumer Staples — 12.8%
Altria Group Inc		0.9			385,284		15,758
Coca-Cola Co/The		0.8			277,127		15,087
Hershey Co/The		0.7			84,328		13,070
JM Smucker Co/The		0.9			146,711		16,141
Kroger Co/The		0.7			524,000		13,509
PepsiCo Inc		0.8			101,667		13,939
Tyson Foods Inc, Cl A		1.3			267,250		23,021
Walgreens Boots Alliance Inc		0.6			205,400		11,361
Walmart Inc		1.2			187,800		22,288
Other Securities		4.9					90,976
							235,150
Energy — 2.4%
Chevron Corp		0.6			97,600		11,575
Phillips 66		0.7			122,600		12,554
Other Securities		1.1					20,755
							44,884
Financials — 16.1%
Aflac Inc		1.1			402,300		21,048
Allstate Corp/The		1.5			253,100		27,507
American Financial Group Inc/OH		1.0			177,246		19,116
Annaly Capital Management Inc ‡		0.7			1,479,500		13,020
Berkshire Hathaway Inc, Cl B *		1.3			112,100		23,319

Description	Percentage of Net Assets (%)			Shares		Market Value     ($ Thousands)
COMMON STOCK (continued)
Cboe Global Markets Inc		0.7	%		106,200	$	12,203
CME Group Inc		0.8			64,757		13,686
Other Securities ‡		9.0					166,075
							295,974
Health Care — 9.0%
Johnson & Johnson		1.6			223,100		28,865
Merck & Co Inc		1.9			411,701		34,657
Pfizer Inc		1.5			754,300		27,102
Other Securities		4.0					74,926
							165,550
Industrials — 10.0%
Eaton Corp PLC		0.6			137,400		11,425
Huntington Ingalls Industries Inc, Cl A		0.6			54,205		11,480
Lockheed Martin Corp		0.7			31,465		12,273
Raytheon Co		1.3			117,901		23,131
Republic Services Inc		1.8			383,306		33,175
Waste Management Inc		1.8			290,020		33,352
Other Securities		3.2					59,881
							184,717
Information Technology — 14.1%
Amdocs Ltd		2.0			540,205		35,713
Booz Allen Hamilton Holding Corp, Cl A		0.6			164,651		11,694
CDK Global Inc		0.7			276,121		13,279
Cisco Systems Inc		1.5			537,800		26,573
Intel Corp		1.2			440,000		22,673
International Business Machines Corp		0.7			90,300		13,132
Motorola Solutions Inc		0.9			96,239		16,400
Oracle Corp, Cl B		1.3			424,000		23,333
Paychex Inc		0.7			154,102		12,755
Western Union Co/The		0.9			715,900		16,587
Other Securities		3.6					67,723
							259,862
Materials — 3.7%
Ecolab Inc		0.7			60,266		11,935
Sonoco Products Co		0.6			197,220		11,480
Other Securities		2.4					44,305
							67,720
Real Estate — 3.9%
Other Securities ‡		3.9					71,036
Utilities — 10.0%
American Electric Power Co Inc		0.9			172,521		16,163
DTE Energy Co		1.0			145,994		19,411
Entergy Corp		1.1			176,000		20,655
Exelon Corp		1.4			520,300		25,136
Pinnacle West Capital Corp		0.8			149,190		14,482

  SEI Institutional Managed Trust / Annual Report / September 30, 2019   83

SUMMARY SCHEDULE OF INVESTMENTS

September 30, 2019

U.S. Managed Volatility Fund (Concluded)

Description	Percentage of Net Assets (%)			Shares	Market Value ($Thousands)
COMMON STOCK (continued)
Other Securities		4.8	%		$	87,413
						183,260
Total Common Stock (Cost $1,481,403) ($Thousands)						1,788,251

Description	Percentage of Net Assets (%)			Shares		Market Value ($Thousands)
CASH EQUIVALENT — 2.4%
SEI Daily Income Trust, Government Fund, Cl F
1.800% **†		2.4	%		44,041,113	$	44,041
Total Cash Equivalent (Cost $44,041) ($Thousands)							44,041
Total Investments in Securities — 99.7% (Cost $1,525,444)($Thousands)						$	1,832,292

A list of the open futures contracts held by the Fund at September 30, 2019, is as follows:

Type of Contract	Number of Contracts Long		Expiration Date		Notional Amount (Thousands)		Value       (Thousands)		Unrealized     Depreciation (Thousands)
S&P 500 Index E-MINI		162		Dec-2019	$	24,369	$	24,126	$	(243)

Percentages are based on a Net Assets of $1,838,132 ($Thousands).

* Non-income producing security.

** The rate reported is the 7-day effective yield as of September 30, 2019.

^‡  Real Estate Investment Trust.

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

Cl — Class

PLC — Public Limited Company

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, 2019, 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		1,788,251		–		–		1,788,251
Cash Equivalent		44,041		–		–		44,041
Total Investments in Securities		1,832,292		–		–		1,832,292
Investments in Securities	Level 1 ($)		Level 2 ($)		Level 3 ($)		Total ($)
Futures Contracts *
Unrealized Depreciation		(243)		–		–		(243)
Total Other Financial Instruments		(243)		–		–		(243)

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

For the year September 30, 2019, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the year September 30, 2019, there were no transfers between Level 2 and Level 3 assets and liabilities.

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

The following is a summary of the Fund’s transactions with affiliates for the year ended September 30, 2019 ($Thousands):

Security Description	Value 9/30/2018	Purchases at Cost	Proceeds from Sales	Realized Gain/ (Loss)	Change in Unrealized Appreciation/ (Depreciation)	Value 9/30/2019	Shares	Income	Capital Gains
SEI Daily Income Trust, Government Fund, Cl F	$28,046	$545,510	$(529,515)	$—	$—	$44,041	44,041,113	$780	$—

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

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

  84   SEI Institutional Managed Trust / Annual Report / September 30, 2019

SUMMARY SCHEDULE OF INVESTMENTS

September 30, 2019

Global Managed Volatility Fund

^†Percentages are based on total investments.

Description	Percentage of Net Assets (%)			Shares		Market Value     ($ Thousands)
COMMON STOCK — 97.7%
Australia — 3.4%
Newcrest Mining Ltd		0.7	%		405,260	$	9,498
Other Securities		2.7					34,486
							43,984
Austria — 0.4%
Other Securities		0.4					5,337
Belgium — 0.5%
Other Securities		0.5					6,668
Bermuda — 0.9%
Other Securities		0.9					11,671
Canada — 7.4%
Atco Ltd/Canada, Cl I		0.3			95,251		3,488
BCE Inc		0.8			218,926		10,598
Canadian Utilities Ltd, Cl A		0.3			127,486		3,760
Other Securities ‡		6.0					76,342
							94,188
Denmark — 0.8%
Carlsberg A/S, Cl B		0.8			66,759		9,870
Other Securities		0.0					—
							9,870
Finland — 0.2%
Other Securities		0.2					2,395
France — 1.3%
Veolia Environnement SA		0.6			330,071		8,370
Other Securities		0.7					8,526
							16,896

Description	Percentage of Net Assets (%)			Shares		Market Value     ($ Thousands)
COMMON STOCK (continued)
Germany — 1.5%
Other Securities (A)		1.5	%			$	19,041
Guernsey — 0.3%
Other Securities		0.3					3,447
Hong Kong — 4.0%
CLP Holdings Ltd, Cl B		1.2			1,496,656		15,722
Link ‡		0.6			656,500		7,240
Other Securities		2.2					27,710
							50,672
Ireland — 0.1%
Other Securities		0.1					1,479
Israel — 1.8%
Bank Leumi Le-Israel BM		0.8			1,518,135		10,803
Other Securities		1.0					11,850
							22,653
Italy — 0.6%
Other Securities		0.6					7,946
Japan — 10.2%
Japan Post Holdings Co Ltd		0.7			924,500		8,511
KDDI Corp		0.8			365,900		9,564
Mizuho Financial Group Inc		0.7			6,066,100		9,295
Nippon Telegraph & Telephone Corp		0.8			198,600		9,475
NTT DOCOMO Inc		0.8			396,400		10,098
Okinawa Cellular Telephone Co		0.0			800		26
Other Securities ‡		6.4					83,603
							130,572
Netherlands — 0.0%
Other Securities		0.0					460
New Zealand — 1.7%
Other Securities ‡		1.7					22,220
Norway — 1.7%
Orkla ASA		0.8			1,121,459		10,215
Telenor ASA		0.8			509,045		10,228
Other Securities		0.1					1,186
							21,629
Portugal — 0.1%
Other Securities		0.1					1,191

  SEI Institutional Managed Trust / Annual Report / September 30, 2019   85

SUMMARY SCHEDULE OF INVESTMENTS

September 30, 2019

Global Managed Volatility Fund (Continued)

Description	Percentage of Net Assets (%)			Shares		Market Value     ($ Thousands)
COMMON STOCK (continued)
Singapore — 1.2%
Other Securities ‡		1.2	%			$	15,899
Spain — 0.0%
Other Securities		0.0					190
Sweden — 1.7%
ICA Gruppen AB		1.0			286,289		13,243
Other Securities		0.7					8,406
							21,649
Switzerland — 5.7%
Nestle SA		0.8			100,371		10,899
Novartis AG		0.7			98,011		8,506
Roche Holding AG		1.3			55,951		16,297
Swisscom AG		0.9			22,869		11,291
Other Securities		2.0					26,148
							73,141
United Kingdom — 2.2%
Diageo PLC		0.6			187,565		7,704
Other Securities ‡		1.6					20,937
							28,641
United States — 50.0%
Bank of America Corp		0.7			285,195		8,319
CenterPoint Energy Inc		0.7			274,193		8,275
Chemed Corp		1.0			30,669		12,806
Citrix Systems Inc		0.6			85,329		8,236
Coca-Cola Co/The		1.1			250,759		13,651
Coca-Cola European Partners PLC		0.7			159,839		8,863
Colgate-Palmolive Co		0.9			148,727		10,933
Costco Wholesale Corp		0.9			38,004		10,949
Danaher Corp, Cl A		0.6			56,869		8,214
DTE Energy Co		0.6			56,193		7,471
Encompass Health Corp		0.6			116,978		7,402
Globe Life Inc		0.6			85,042		8,144
Hershey Co/The		0.7			53,401		8,277
Home Depot Inc/The		1.0			57,483		13,337
Lincoln National Corp		0.7			157,367		9,492
Lockheed Martin Corp		0.7			22,413		8,742
Motorola Solutions Inc		0.6			48,448		8,256
PepsiCo Inc		1.2			116,222		15,934
Procter & Gamble Co/The		1.1			112,730		14,021
Prudential Financial Inc		0.6			87,087		7,833
Southern Co/The		0.6			122,445		7,563
Starwood Property Trust Inc ‡		0.6			302,011		7,315
Universal Health Services Inc, Cl B		0.7			61,528		9,152
US Bancorp		0.6			135,984		7,525
Verizon Communications Inc		0.7			156,710		9,459
Walmart Inc		0.6			63,518		7,538
Waste Management Inc		0.7			82,904		9,534
Western Union Co/The		0.7			358,978		8,318

Description	Percentage of Net Assets (%)			Shares		Market Value     ($ Thousands)
COMMON STOCK (continued)
United States (continued)
Yum! Brands Inc		0.9	%		104,707	$	11,877
Other Securities ‡		28.3					363,226
							640,662
Total Common Stock (Cost $1,079,064) ($ Thousands)							1,252,501
PREFERRED STOCK — 0.1%
Germany — 0.1%
Other Securities		0.1					587
Sweden — 0.0%
Other Securities		0.0					328
Total Preferred Stock (Cost $1,179) ($ Thousands)							915
RIGHT — 0.0%
Australia — 0.0%
Other Securities		0.0					6
Total Right (Cost $–) ($ Thousands)							6
CASH EQUIVALENT — 1.2%
SEI Daily Income Trust, Government Fund, Cl F
1.800% **†		1.2			15,285,892		15,286
Total Cash Equivalent (Cost $15,286) ($ Thousands)							15,286
Total Investments in Securities — 99.0% (Cost $1,095,529)($ Thousands)						$	1,268,708

  86   SEI Institutional Managed Trust / Annual Report / September 30, 2019

A list of the open futures contracts held by the Fund at September 30, 2019, is as follows:    

Type of Contract	Number of Contracts Long		Expiration   Date		Notional Amount (Thousands)		Value       (Thousands)		Unrealized Appreciation/       (Depreciation) (Thousands)
Euro STOXX 50		37		Dec-2019	$	1,438	$	1,434	$	16
FTSE 100 Index		10		Dec-2019		908		910		13
Hang Seng Index		2		Nov-2019		332		332		–
S&P 500 Index E-MINI		48		Dec-2019		7,221		7,148		(72)
SPI 200 Index		4		Dec-2019		454		451		(1)
TOPIX Index		6		Dec-2019		886		882		(6)
					$	11,239	$	11,157	$	(50)

A list of the open forward foreign currency contracts held by the Fund at September 30, 2019, is as follows:    

Counterparty	Settlement Date			Currency to Deliver (Thousands)			Currency to Receive (Thousands)		Unrealized Appreciation         (Depreciation) (Thousands)
Brown Brothers Harriman		10/15/19	USD		319	DKK		2,159	$                    (3)
Brown Brothers Harriman		10/15/19	USD		548	SGD		755	(1)
Brown Brothers Harriman		10/15/19	USD		792	NOK		7,129	(7)
Brown Brothers Harriman		10/15/19	USD		806	NZD		1,275	(6)
Brown Brothers Harriman		10/15/19	USD		19	SEK		186	—
Brown Brothers Harriman		10/15/19	USD		818	SEK		7,930	(10)
Brown Brothers Harriman		10/15/19	USD		1,117	GBP		898	(9)
Brown Brothers Harriman		10/15/19	USD		1,590	AUD		2,341	(11)
Brown Brothers Harriman		10/15/19	USD		79	HKD		615	—
Brown Brothers Harriman		10/15/19	USD		1,875	HKD		14,687	(1)
Brown Brothers Harriman		10/15/19	USD		2,525	CHF		2,500	(15)
Brown Brothers Harriman		10/15/19	USD		2,779	EUR		2,522	(28)
Brown Brothers Harriman		10/15/19	USD		2,776	CAD		3,681	5
Brown Brothers Harriman		10/15/19	USD		293	CAD		387	(1)
Brown Brothers Harriman		10/15/19	USD		315	JPY		34,006	—
Brown Brothers Harriman		10/15/19	USD		4,635	JPY		498,784	(15)
Brown Brothers Harriman		10/15/19	GBP		12,343	USD		15,258	41
Brown Brothers Harriman		10/15/19	GBP		193	USD		238	—
Brown Brothers Harriman		10/15/19	SGD		12,706	USD		9,212	21
Brown Brothers Harriman		10/15/19	NZD		18,415	USD		11,811	263
Brown Brothers Harriman		10/15/19	NZD		413	USD		259	—
Brown Brothers Harriman		10/15/19	DKK		35,865	USD		5,298	54
Brown Brothers Harriman		10/15/19	DKK		16	USD		2	—
Brown Brothers Harriman		10/15/19	AUD		38,135	USD		26,153	422
Brown Brothers Harriman		10/15/19	CHF		39,297	USD		39,638	177
Brown Brothers Harriman		10/15/19	CHF		78	USD		79	—
Brown Brothers Harriman		10/15/19	EUR		42,039	USD		46,322	444
Brown Brothers Harriman		10/15/19	EUR		19	USD		21	—
Brown Brothers Harriman		10/15/19	CAD		59,192	USD		44,951	232
Brown Brothers Harriman		10/15/19	CAD		1,450	USD		1,094	(2)
Brown Brothers Harriman		10/15/19	NOK		105,255	USD		11,734	145
Brown Brothers Harriman		10/15/19	SEK		116,704	USD		12,064	182
Brown Brothers Harriman		10/15/19	HKD		2,314	USD		296	1
Brown Brothers Harriman		10/15/19	HKD		226,349	USD		28,874	(7)

  SEI Institutional Managed Trust / Annual Report / September 30, 2019   87

SUMMARY SCHEDULE OF INVESTMENTS

September 30, 2019

Global Managed Volatility Fund (Concluded)

Counterparty	Settlement Date		Currency to Deliver (Thousands)		Currency to Receive (Thousands)	Unrealized Appreciation     (Depreciation) (Thousands)
Brown Brothers Harriman	10/15/19	JPY	7,450,520	USD	69,278	$	269
Brown Brothers Harriman	10/15/19	JPY	160,441	USD	1,485		(1	)
						$	2,139

Percentages are based on a Net Assets of $1,281,941 ($ Thousands).

** The rate reported is the 7-day effective yield as of September 30, 2019.

^‡  Real Estate Investment Trust.

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

(A) Securities considered illiquid. The total value of such securities as of September 30, 2019 was $734 ($ Thousands) and represented 0.1% of Net Assets of the Fund (See Note 2).

AUD — Australian Dollar

CAD — Canadian Dollar

CHF — Swiss Franc

Cl — Class

DKK — Danish Krone

EUR — Euro

FTSE — Financial Times and the London Stock Exchange

GBP — British Pound Sterling

HKD — Hong Kong Dollar

JPY — Japanese Yen

Ltd — Limited

NOK — Norwegian Krone

NZD — New Zealand Dollar

S&P— Standard & Poor’s

SEK — Swedish Krona

SGD — Singapore Dollar

SPI — Share Price Index

TOPIX — Tokyo Price Index

USD — United States Dollar

The 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, 2019, 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		1,229,883			22,618			–		1,252,501
Preferred Stock		915			–			–		915
Right		6			–			–		6
Cash Equivalent		15,286			–			–		15,286
Total Investments in Securities		1,246,090			22,618			–		1,268,708
Other Financial Instruments	Level 1 ($)			Level 2 ($)			Level 3 ($)		Total ($)
Futures Contracts*
Unrealized Appreciation		29			–			–		29
Unrealized Depreciation		(79	)		–			–		(79	)
Forwards Contracts*
Unrealized Appreciation		–			2,256			–		2,256
Unrealized Depreciation		–			(117	)		–		(117	)
Total Other Financial Instruments		(50	)		2,139			–		2,089

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

For the year ended September 30, 2019, there were transfers between Level 1 and Level 2 assets and liabilities. The primary reason for the change in the classification between Levels 1 and 2 occurs when foreign equity securities are fair valued using other observable market-based inputs in place of the closing exchange price due to events occurring after the close of the exchange or market on which the investment is principally traded.

For the year ended September 30, 2019, there were no transfers between Level 2 and Level 3 assets and liabilities.

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

The following is a summary of the Fund’s transactions with affiliates for the year ended September 30, 2019 ($ Thousands):

Security Description	Value 9/30/2018	Purchases at Cost	Proceeds from Sales	Realized Gain/ (Loss)	Change in Unrealized Appreciation/ (Depreciation)	Value 9/30/2019	Shares	Income	Capital Gains
SEI Daily Income Trust, Government Fund, Cl F	$26,205	$205,027	$(215,946)	$—	$—	$15,286	15,285,892	$302	$—

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

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

  88   SEI Institutional Managed Trust / Annual Report / September 30, 2019

SUMMARY SCHEDULE OF INVESTMENTS

September 30, 2019

Tax-Managed Managed Volatility Fund

^†Percentages are based on total investments.

Description	Percentage of Net Assets (%)			Shares		Market Value     ($ Thousands)
COMMON STOCK — 98.4%
Communication Services — 5.5%
Verizon Communications Inc		2.2	%		390,251	$	23,555
Walt Disney Co/The		1.2			99,968		13,028
Other Securities		2.1					23,212
							59,795
Consumer Discretionary — 6.2%
AutoZone Inc *		1.0			10,000		10,846
Darden Restaurants Inc		0.7			65,500		7,743
McDonald’s Corp		0.9			46,958		10,082
Other Securities		3.6					38,847
							67,518
Consumer Staples — 12.8%
Church & Dwight Co Inc		0.7			96,220		7,240
Costco Wholesale Corp		0.8			28,955		8,342
PepsiCo Inc		0.7			60,205		8,254
Sysco Corp, Cl A		0.7			93,118		7,394
Tyson Foods Inc, Cl A		1.4			183,000		15,764
Walmart Inc		2.5			231,880		27,520
Other Securities		6.0					65,261
							139,775
Energy — 1.8%
Other Securities		1.8					20,006
Financials — 17.6%
Arch Capital Group Ltd *		0.7			193,014		8,103
Berkshire Hathaway Inc, Cl B *		1.2			64,800		13,480
Cboe Global Markets Inc		0.8			72,973		8,385
CME Group Inc		0.7			35,480		7,498
Everest Re Group Ltd		1.0			40,465		10,767
Progressive Corp/The		0.8			115,800		8,946
RenaissanceRe Holdings Ltd		1.4			79,986		15,473
Travelers Cos Inc/The		1.1			83,472		12,411
Other Securities ‡		9.9					106,962
							192,025
Health Care — 14.3%
Anthem Inc		1.0			44,047		10,576

Description	Percentage of Net Assets (%)			Shares		Market Value     ($ Thousands)
COMMON STOCK (continued)
Baxter International Inc		0.7	%		87,932	$	7,691
Eli Lilly & Co		1.5			145,108		16,227
Humana Inc		0.7			32,022		8,187
Johnson & Johnson		2.3			195,171		25,251
Merck & Co Inc		2.0			261,951		22,051
Pfizer Inc		2.0			598,608		21,508
UnitedHealth Group Inc		0.7			35,650		7,747
Other Securities		3.4					37,049
							156,287
Industrials — 10.2%
Boeing Co/The		1.1			32,700		12,441
Lockheed Martin Corp		0.9			25,675		10,015
Northrop Grumman Corp		1.3			38,339		14,369
Raytheon Co		1.4			76,834		15,074
Republic Services Inc		1.2			146,100		12,645
Waste Management Inc		1.4			133,069		15,303
Other Securities		2.9					31,466
							111,313
Information Technology — 12.7%
Amdocs Ltd		1.4			226,513		14,975
Apple Inc		1.5			75,762		16,968
Cisco Systems Inc		1.4			306,400		15,139
Intel Corp		1.4			307,300		15,835
Microsoft Corp		1.1			85,745		11,921
Motorola Solutions Inc		1.4			88,463		15,075
Oracle Corp, Cl B		0.9			176,000		9,685
Synopsys Inc *		0.9			74,285		10,196
Other Securities		2.7					29,634
							139,428
Materials — 2.0%
Other Securities		2.0					21,466
Real Estate — 2.4%
Other Securities ‡		2.4					26,207
Utilities — 12.9%
American Electric Power Co Inc		1.1			126,191		11,823
Consolidated Edison Inc		1.3			154,877		14,631
Edison International		0.8			120,856		9,115
Entergy Corp		1.3			119,200		13,989
Eversource Energy		0.8			105,451		9,013
Exelon Corp		1.0			227,300		10,981
NextEra Energy Inc		0.7			32,916		7,669
Public Service Enterprise Group Inc		1.0			183,544		11,394
WEC Energy Group Inc		0.9			107,799		10,252
Other Securities		4.0					42,563
							141,430
Total Common Stock
(Cost $642,989) ($ Thousands)							1,075,250

  SEI Institutional Managed Trust / Annual Report / September 30, 2019   89

SUMMARY SCHEDULE OF INVESTMENTS

September 30, 2019

Tax-Managed Managed Volatility Fund (Concluded)

Description	Percentage of Net Assets (%)			Shares		Market Value     ($ Thousands)
CASH EQUIVALENT — 1.7%
SEI Daily Income Trust, Government Fund, Cl F
1.800% **†		1.7	%		18,322,409	$	18,322
Total Cash Equivalent
(Cost $18,322) ($ Thousands)							18,322
Total Investments in Securities — 100.1%
(Cost $661,311)($ Thousands)						$	1,093,572

A list of the open futures contracts held by the Fund at September 30, 2019, is as follows:

Type of Contract	Number of Contracts Long		Expiration Date		Notional Amount (Thousands)		Value (Thousands)		Unrealized     Depreciation (Thousands)
S&P 500 Index E-MINI		39		Dec-2019	$	5,872	$	5,808	$	(64)

Percentages are based on a Net Assets of $1,092,519 ($ Thousands).

* Non-income producing security.

** The rate reported is the 7-day effective yield as of September 30, 2019.

^‡  Real Estate Investment Trust.

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

Cl — Class

Ltd. — Limited

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, 2019, 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		1,075,250			–		–		1,075,250
Cash Equivalent		18,322			–		–		18,322
Total Investments in Securities		1,093,572			–		–		1,093,572
Other Financial Instruments	Level 1         ($)			Level 2         ($)		Level 3         ($)		Total         ($)
Futures Contracts*
Unrealized Depreciation		(64	)		–		–		(64	)
Total Other Financial Instruments		(64	)		–		–		(64	)

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

For the year ended September 30, 2019, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the year ended September 30, 2019, there were no transfers between Level 2 and Level 3 assets and liabilities.

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

The following is a summary of the Fund’s transactions with affiliates for the year ended September 30, 2019 ($ Thousands):

Security Description	Value 9/30/2018	Purchases at Cost	Proceeds from Sales	Realized Gain/ (Loss)	Change in Unrealized Appreciation/ (Depreciation)	Value 9/30/2019	Shares	Income	Capital Gains
SEI Daily Income Trust, Government Fund, Cl F	$ 17,479	$ 225,406	($224,563)	—	—	$ 18,322	18,322,409	$ 505	—

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

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

  90   SEI Institutional Managed Trust / Annual Report / September 30, 2019

SUMMARY SCHEDULE OF INVESTMENTS

September 30, 2019

Tax-Managed International Managed Volatility Fund

^†Percentages are based on total investments.

Description	Percentage of Net Assets (%)			Shares		Market Value ($ Thousands)
COMMON STOCK — 96.4%
Australia — 7.5%
AGL Energy Ltd		0.6	%		184,749	$	2,387
ASX Ltd		0.5			34,900		1,908
Coca-Cola Amatil Ltd		0.7			354,946		2,550
Rio Tinto Ltd		0.5			29,347		1,834
Woolworths Group Ltd		0.7			96,128		2,417
Other Securities ‡		4.5					16,915
							28,011
Austria — 1.4%
Other Securities		1.4					5,264
Belgium — 1.4%
Colruyt SA		0.5			37,589		2,061
Other Securities		0.9					3,182
							5,243
Canada — 2.5%
TELUS Corp		0.7			70,718		2,518
Toronto-Dominion Bank/The		0.8			50,010		2,918
Other Securities		1.0					3,869
							9,305
Denmark — 1.8%
Other Securities		1.8					6,878
Finland — 1.0%
Other Securities		1.0					3,793
France — 6.8%
Cie Generale des Etablissements Michelin SCA		0.6			19,013		2,123
Engie SA		0.7			171,620		2,803
Orange SA		0.7			160,655		2,521
Sanofi		1.7			67,759		6,283

Description	Percentage of Net Assets (%)			Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
France (continued)
TOTAL SA		0.5	%		37,626	$	1,964
Other Securities		2.6					9,942
							25,636
Germany — 5.7%
Deutsche Telekom AG		0.6			124,294		2,086
Hannover Rueck SE		0.9			19,271		3,259
Merck KGaA		0.8			26,810		3,021
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen		1.0			14,877		3,850
Other Securities		2.4					8,947
							21,163
Hong Kong — 3.9%
CLP Holdings Ltd, Cl B		0.8			270,000		2,836
Other Securities ‡		3.1					11,763
							14,599
Ireland — 0.2%
Other Securities ‡		0.2					704
Israel — 1.5%
Bank Hapoalim BM		0.6			299,897		2,366
Other Securities		0.9					3,388
							5,754
Italy — 2.2%
Enel SpA		0.7			349,777		2,612
Other Securities		1.5					5,500
							8,112
Japan — 22.8%
Astellas Pharma Inc		0.8			208,800		2,972
ITOCHU Corp		0.6			105,500		2,178
Itochu Enex Co Ltd		0.1			64,000		486
Japan Post Holdings Co Ltd		0.6			259,600		2,390
JXTG Holdings Inc		0.3			249,000		1,134
KDDI Corp		1.1			151,200		3,952
Mizuho Financial Group Inc		0.9			2,230,200		3,417
Nippo Corp		0.3			49,900		923
Nippon Telegraph & Telephone Corp		1.4			108,800		5,191
NTT DOCOMO Inc		0.6			91,200		2,323
Okinawa Cellular Telephone Co		0.0			3,100		102
West Japan Railway Co		0.5			21,900		1,850
Other Securities ‡		15.6					58,397
							85,315
Netherlands — 1.8%
Koninklijke Ahold Delhaize NV		0.6			85,246		2,133
NN Group NV		0.7			78,056		2,769
Other Securities		0.5					1,904
							6,806

  SEI Institutional Managed Trust / Annual Report / September 30, 2019   91

SUMMARY SCHEDULE OF INVESTMENTS

September 30, 2019

Tax-Managed International Managed Volatility Fund (Concluded)

Description	Percentage of Net Assets (%)			Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
New Zealand — 1.9%
Fisher & Paykel Healthcare Corp Ltd		0.5	%		171,849	$	1,864
Other Securities ‡		1.4					5,335
							7,199
Norway — 1.2%
Other Securities		1.2					4,564
Portugal — 0.1%
Other Securities		0.1					241
Singapore — 4.4%
CapitaLand Mall Trust ‡		0.7			1,336,100		2,541
DBS Group Holdings Ltd		0.8			167,700		3,032
Olam International Ltd		0.0			78,000		101
Singapore Technologies
Engineering Ltd		0.3			450,200		1,250
Singapore Telecommunications Ltd		0.2			384,400		862
Other Securities ‡		2.4					8,616
							16,402
Spain — 2.5%
Endesa SA		1.2			164,032		4,317
Iberdrola SA		0.8			269,790		2,805
Other Securities		0.5					2,151
							9,273
Sweden — 2.6%
ICA Gruppen AB		0.9			71,065		3,287
Other Securities		1.7					6,583
							9,870
Switzerland — 10.8%
Baloise Holding AG		0.6			12,851		2,304
Roche Holding AG		2.3			29,407		8,566
Swiss Life Holding AG		1.0			7,876		3,768
Swiss Re AG		0.6			22,796		2,380
Swisscom AG		0.6			4,083		2,016
Zurich Insurance Group AG		1.1			10,402		3,985
Other Securities		4.6					17,556
							40,575
United Kingdom — 11.4%
BAE Systems PLC		0.6			328,666		2,309
BP PLC		0.6			361,923		2,301
GlaxoSmithKline PLC		1.2			213,347		4,587
HSBC Holdings PLC		0.7			356,818		2,746
Tate & Lyle PLC		0.6			248,841		2,257
Other Securities ‡		7.7					28,684
							42,884

Description	Percentage of Net Assets (%)			Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
United States — 1.0%
Coca-Cola European Partners PLC		0.6	%		42,211	$	2,341
Other Securities		0.4					1,251
							3,592
Total Common Stock (Cost $323,437) ($ Thousands)							361,183
CASH EQUIVALENT — 2.5%
SEI Daily Income Trust, Government Fund, Cl F
1.800% **†		2.5			9,481,119		9,481
Total Cash Equivalent (Cost $9,481) ($ Thousands)							9,481
Total Investments in Securities — 98.9% (Cost $332,918)($ Thousands)						$	370,664

  92   SEI Institutional Managed Trust / Annual Report / September 30, 2019

A list of the open futures contracts held by the Fund at September 30, 2019, is as follows:

Type of Contract	Number of Contracts Long		Expiration Date		Notional Amount (Thousands)		Value (Thousands)		Unrealized Appreciation (Thousands)
Euro STOXX 50		67		Dec-2019	$	2,604	$	2,597	$	29
FTSE 100 Index		16		Dec-2019		1,451		1,456		22
Hang Seng Index		1		Nov-2019		166		166		–
SPI 200 Index		6		Dec-2019		682		676		–
TOPIX Index		13		Dec-2019		1,886		1,910		34
					$	6,789	$	6,805	$	85

Percentages are based on a Net Assets of $374,778 ($ Thousands).

** The rate reported is the 7-day effective yield as of September 30, 2019.

^‡  Real Estate Investment Trust.

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

Cl — Class

FTSE— Financial Times and Stock Exchange

PLC — Public Limited Company

SPI — Share Price Index

TOPIX — Tokyo Stock Price Index

The 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, 2019, 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		355,429		5,754		–		361,183
Cash Equivalent		9,481		–		–		9,481
Total Investments in Securities		364,910		5,754		–		370,664
Other Financial Instruments	Level 1 ($)		Level 2 ($)		Level 3 ($)		Total ($)
Futures Contracts*
Unrealized Appreciation		85		–		–		85
Total Other Financial Instruments		85		–		–		85

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

For the year ended September 30, 2019, there were transfers between Level 1 and Level 2 assets and liabilities. The primary reason for changes in the classifications between Levels 1 and 2 occurs when foreign equity securities are fair valued using other observable market based inputs in place of the closing exchange price due to events occurring after the close of the exchange or market on which the investment is principally traded.

For the year ended September 30, 2019, there were no transfers between Level 2 and Level 3 assets and liabilities.

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

The following is a summary of the Fund’s transactions with affiliates for the year ended September 30, 2019 ($ Thousands):

Security Description	Value 9/30/2018	Purchases at Cost	Proceeds from Sales	Realized Gain/ (Loss)	Change in Unrealized Appreciation/ (Depreciation)	Value 9/30/2019	Shares	Income	Capital Gains
SEI Daily Income Trust, Government Fund, Cl F	$ 6,054	$ 47,308	$ (43,881)	$ —	$ —	$ 9,481	9,481,119	$ 227	$ —

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, 2019   93

SCHEDULE OF INVESTMENTS

September 30, 2019

Real Estate Fund

^†Percentages are based on total investments.

Description	Percentage of Net Assets (%)			Shares		Market Value ($ Thousands)
COMMON STOCK — 98.5%
Real Estate — 98.5%
Alexandria Real Estate Equities Inc ‡		2.2	%		20,560	$	3,167
American Homes 4 Rent, Cl A ‡		1.2			68,250		1,767
Americold Realty Trust ‡		0.7			27,540		1,021
Apartment Investment & Management Co, Cl A ‡		1.7			44,930		2,343
AvalonBay Communities Inc ‡		4.0			26,370		5,678
Boston Properties Inc ‡		2.3			25,210		3,269
Brandywine Realty Trust ‡		0.7			63,450		961
Brixmor Property Group Inc ‡		0.9			64,610		1,311
Camden Property Trust ‡		1.5			19,310		2,144
CareTrust REIT Inc ‡		0.6			38,110		896
Columbia Property Trust Inc ‡		1.1			74,070		1,567
Cousins Properties Inc ‡		0.6			21,990		827
CubeSmart ‡		1.9			77,730		2,713
CyrusOne Inc ‡		2.8			49,720		3,933
DiamondRock Hospitality Co ‡		0.6			81,410		834
Digital Realty Trust Inc, Cl A ‡		1.2			13,030		1,691
Duke Realty Corp ‡		0.9			38,250		1,299
Empire State Realty Trust Inc, Cl A ‡		1.5			147,650		2,107
Equinix Inc ‡		6.4			15,630		9,015
Equity Residential ‡		5.5			90,470		7,804
Essex Property Trust Inc ‡		1.1			4,960		1,620
Extra Space Storage Inc ‡		2.1			25,410		2,968
Federal Realty Investment Trust ‡		0.9			9,460		1,288
HCP Inc ‡		4.8			192,450		6,857
Healthcare Trust of America Inc, Cl A ‡		1.2			59,960		1,762
Host Hotels & Resorts Inc ‡		2.1			174,830		3,023
Industrial Logistics Properties Trust ‡		0.5			35,160		747
Invitation Homes Inc ‡		2.4			117,160		3,469
Iron Mountain Inc ‡		1.0			41,970		1,359
JBG SMITH Properties ‡		2.2			78,430		3,075
Kilroy Realty Corp ‡		2.0			36,730		2,861
Liberty Property Trust ‡		2.1			57,260		2,939
Life Storage Inc ‡		1.6			21,240		2,239
Macerich Co/The ‡		0.7			32,820		1,037
Mack-Cali Realty Corp ‡		0.8			52,160		1,130
Mid-America Apartment Communities Inc ‡		1.4			15,640		2,033
Omega Healthcare Investors Inc ‡		1.5			50,960		2,130

Description	Percentage of Net Assets (%)			Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Park Hotels & Resorts Inc ‡		1.3	%		72,060	$	1,799
Prologis Inc ‡		6.8			113,040		9,633
Public Storage ‡		1.9			10,790		2,646
Regency Centers Corp ‡		1.0			20,590		1,431
Retail Opportunity Investments Corp ‡		1.2			95,920		1,749
Retail Properties of America Inc, Cl A ‡		1.8			208,400		2,567
Rexford Industrial Realty Inc ‡		1.0			32,250		1,420
Simon Property Group Inc ‡		4.1			36,932		5,748
Sun Communities Inc ‡		3.4			32,030		4,755
Taubman Centers Inc ‡		1.0			33,640		1,373
Ventas Inc ‡		4.7			91,210		6,661
Welltower Inc ‡		0.6			8,990		815
WP Carey Inc ‡		1.9			29,810		2,668
Other Securities ‡		1.1					1,638
Total Common Stock (Cost $108,375) ($ Thousands)							139,787
CASH EQUIVALENT — 1.3%
SEI Daily Income Trust, Government Fund, Cl F     1.800% **†		1.3			1,837,627		1,838
Total Cash Equivalent (Cost $1,838) ($ Thousands)							1,838
Total Investments in Securities — 99.8% (Cost $110,213) ($ Thousands)						$	141,625

Percentages are based on a Net Assets of $141,892 ($ Thousands).

** The rate reported is the 7-day effective yield as of September 30, 2019.

^‡  Real Estate Investment Trust.

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

Cl — Class

L.P. — Limited Partnership

As of September 30, 2019, 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, 2019, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the year ended September 30, 2019, there were no transfers between Level 2 and Level 3 assets and liabilities.

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

  94   SEI Institutional Managed Trust / Annual Report / September 30, 2019

The following is a summary of the Fund’s transactions with affiliates for the year ended September 30, 2019 ($Thousands):

Security Description	Value 9/30/2018	Purchases at Cost	Proceeds from Sales	Realized Gain/ (Loss)	Change in Unrealized Appreciation/ (Depreciation)	Value 9/30/2019	Shares	Income	Capital Gains
SEI Liquidity Fund, L.P.	$668	$809	$(1,477)	$—	$—	$—	$—	$1	$—
SEI Daily Income Trust, Government Fund, Cl F	2,582	46,503	(47,247)	—	—	1,838	1,837,627	52	—
Totals	$3,250	$47,312	$(48,724)	$—	$—	$1,838	1,837,627	$53	$—

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, 2019   95

SCHEDULE OF INVESTMENTS

September 30, 2019

Core Fixed Income Fund

^†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 — 40.5%
Agency Mortgage-Backed Obligations — 35.6%
FHLMC
10.000%, 03/17/2026	$	4	$	4
7.500%, 05/01/2031 to 02/01/2038		418		470
7.000%, 05/01/2024 to 03/01/2039		193		213
6.500%, 10/01/2031 to 09/01/2039		261		295
6.000%, 03/01/2020 to 09/01/2038		516		569
5.500%, 06/01/2020 to 08/01/2037		278		307
5.000%, 04/01/2020 to 02/01/2049		14,864		16,042
4.500%, 06/01/2027 to 06/01/2049		25,937		27,500
4.000%, 10/01/2025 to 09/01/2049		77,284		81,360
3.500%, 12/01/2033 to 09/01/2049		127,946		133,625
3.000%, 03/01/2031 to 10/01/2049		97,897		99,983
2.500%, 06/01/2028 to 07/01/2032		7,376		7,465
FHLMC CMO, Ser 1997-1983, Cl Z
6.500%, 12/15/2023		199		212
FHLMC CMO, Ser 2001-2277, Cl B
7.500%, 01/15/2031		71		85
FHLMC CMO, Ser 2002-2399, Cl XG
6.500%, 01/15/2032		356		398
FHLMC CMO, Ser 2006-R007, Cl ZA
6.000%, 05/15/2036		968		1,117
FHLMC CMO, Ser 2007-3281, Cl AI, IO
4.403%, VAR LIBOR USD 1 Month+6.430%, 02/15/2037		69		13
FHLMC CMO, Ser 2007-3294, Cl CB
5.500%, 03/15/2037		126		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
4.003%, VAR LIBOR USD 1 Month+6.030%, 05/15/2038	$	30	$	3
FHLMC CMO, Ser 2010-3621, Cl SB, IO
4.203%, VAR LIBOR USD 1 Month+6.230%, 01/15/2040		51		8
FHLMC CMO, Ser 2011-3947, Cl SG, IO
3.923%, VAR LIBOR USD 1 Month+5.950%, 10/15/2041		706		104
FHLMC CMO, Ser 2012-264, Cl 30
3.000%, 07/15/2042		2,802		2,894
FHLMC CMO, Ser 2012-271, Cl 30
3.000%, 08/15/2042		601		621
FHLMC CMO, Ser 2012-283, Cl IO, IO
3.500%, 10/15/2027		484		41
FHLMC CMO, Ser 2012-4054, Cl SA, IO
4.023%, VAR LIBOR USD 1 Month+6.050%, 08/15/2039		668		114
FHLMC CMO, Ser 2012-4146, Cl DI, IO
3.000%, 12/15/2031		725		58
FHLMC CMO, Ser 2013-4174, Cl SA, IO
4.173%, VAR LIBOR USD 1 Month+6.200%, 05/15/2039		189		15
FHLMC CMO, Ser 2013-4194, Cl BI, IO
3.500%, 04/15/2043		329		36
FHLMC CMO, Ser 2013-4203, Cl PS, IO
4.223%, VAR LIBOR USD 1 Month+6.250%, 09/15/2042		490		70
FHLMC CMO, Ser 2013-4210, Cl Z
3.000%, 05/15/2043		237		239
FHLMC CMO, Ser 2013-4239, Cl IO, IO
3.500%, 06/15/2027		352		27
FHLMC CMO, Ser 2014-328, Cl S4, IO
2.166%, 02/15/2038 (B)		28		2
FHLMC CMO, Ser 2014-4335, Cl SW, IO
3.973%, VAR LIBOR USD 1 Month+6.000%, 05/15/2044		107		17
FHLMC CMO, Ser 2014-4415, Cl IO, IO
2.027%, 04/15/2041 (B)		347		20
FHLMC CMO, Ser 2016-353, Cl S1, IO
3.973%, VAR LIBOR USD 1 Month+6.000%, 12/15/2046		591		101
FHLMC CMO, Ser 2016-4639, Cl HZ
3.250%, 04/15/2053		1,649		1,782
FHLMC CMO, Ser 2017-356, Cl 300
3.000%, 09/15/2047		2,899		2,990
FHLMC CMO, Ser 2017-4705, Cl A
4.500%, 09/15/2042		1,414		1,528
FHLMC CMO, Ser 2017-4742, Cl PA
3.000%, 10/15/2047		4,791		4,887
FHLMC CMO, Ser 2018-4763, Cl CA
3.000%, 09/15/2038		381		394

  96   SEI Institutional Managed Trust / Annual Report / September 30, 2019

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MORTGAGE-BACKED SECURITIES (continued)
FHLMC CMO, Ser 2018-4767, Cl KA
3.000%, 03/15/2048	$	1,767	$	1,823
FHLMC CMO, Ser 2018-4786, Cl DP
4.500%, 07/15/2042		981		1,014
FHLMC CMO, Ser 2018-4796, Cl AK
3.000%, 05/15/2048		3,612		3,682
FHLMC CMO, Ser 2018-4802, Cl A
3.000%, 06/15/2048		3,489		3,553
FHLMC CMO, Ser 2018-4813, Cl CJ
3.000%, 08/15/2048		1,754		1,753
FHLMC CMO, Ser 2018-4818, Cl CA
3.000%, 04/15/2048		2,642		2,690
FHLMC CMO, Ser 2018-4846, Cl PA
4.000%, 06/15/2047		742		775
FHLMC CMO, Ser 2018-4846, Cl PF
2.378%, VAR LIBOR USD 1 Month+0.350%, 12/15/2048		414		412
FHLMC CMO, Ser 2018-4856, Cl FD
2.328%, VAR LIBOR USD 1 Month+0.300%, 08/15/2040		1,251		1,252
FHLMC CMO, Ser 2019-4897, Cl F
2.428%, VAR LIBOR USD 1 Month+0.400%, 07/15/2049		441		441
FHLMC Multifamily Structured Pass-Through Certificates, Ser 1511, Cl A2
3.470%, 03/25/2031		6,300		7,059
FHLMC Multifamily Structured Pass-Through Certificates, Ser K015, Cl X1, IO
1.739%, 07/25/2021 (B)		2		–
FHLMC Multifamily Structured Pass-Through Certificates, Ser K016, Cl X1, IO
1.635%, 10/25/2021 (B)		249		7
FHLMC Multifamily Structured Pass-Through Certificates, Ser K032, Cl X1, IO
0.212%, 05/25/2023 (B)		33,084		134
FHLMC Multifamily Structured Pass-Through Certificates, Ser K064, Cl X1, IO
0.743%, 03/25/2027 (B)		4,944		197
FHLMC Multifamily Structured Pass-Through Certificates, Ser K091, Cl A2
3.505%, 03/25/2029		1,150		1,275
FHLMC Multifamily Structured Pass-Through Certificates, Ser K094, Cl XAM, IO
1.283%, 06/25/2029 (B)		4,850		485
FHLMC Multifamily Structured Pass-Through Certificates, Ser K094, Cl X1, IO
1.016%, 06/25/2029 (B)		2,000		147
FHLMC Multifamily Structured Pass-Through Certificates, Ser K095, Cl XAM, IO
1.372%, 06/25/2029 (B)		700		73
FHLMC Multifamily Structured Pass-Through Certificates, Ser K095, Cl X1, IO
1.083%, 06/25/2029 (B)		1,100		84

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MORTGAGE-BACKED SECURITIES (continued)
FHLMC Multifamily Structured Pass-Through Certificates, Ser K157, Cl A2
3.990%, 05/25/2033 (B)	$	3,550	$	4,098
FHLMC Multifamily Structured Pass-Through Certificates, Ser K158, Cl A3
3.900%, 10/25/2033 (B)		2,000		2,310
FHLMC Multifamily Structured Pass-Through Certificates, Ser K723, Cl X1, IO
1.073%, 08/25/2023 (B)		7,519		225
FHLMC Multifamily Structured Pass-Through Certificates, Ser K735, Cl X1, IO
1.103%, 05/25/2026 (B)		1,600		90
FHLMC Multifamily Structured Pass-Through Certificates, Ser K735, Cl A2
2.862%, 05/25/2026		1,980		2,069
FHLMC Multifamily Structured Pass-Through Certificates, Ser K736, Cl X1, IO
1.312%, 07/25/2026 (B)		3,000		224
FHLMC Multifamily Structured Pass-Through Certificates, Ser KL4F, Cl A2AS
3.683%, 10/25/2025 (B)		3,010		3,228
FHLMC Multifamily Structured Pass-Through Certificates, Ser KLU1, Cl A4
2.854%, 01/25/2031		600		630
FHLMC Multifamily Structured Pass-Through Certificates, Ser KLU1, Cl A2
2.510%, 12/25/2025		890		908
FHLMC Multifamily Structured Pass-Through Certificates, Ser Q006, Cl APT2
2.490%, 09/25/2026 (B)		4,425		4,700
FHLMC Multifamily Structured Pass-Through Certificates, Ser S8FX, Cl A2
3.291%, 03/25/2027		320		343
FHLMC Multifamily Structured Pass-Through Certificates, Ser X3FX, Cl A2FX
3.000%, 06/25/2027		475		497
FHLMC Structured Agency Credit Risk Debt Notes, Ser 2014-DN1, Cl M2
4.218%, VAR ICE LIBOR USD 1 Month+2.200%, 02/25/2024		257		261
FHLMC Structured Agency Credit Risk Debt Notes, Ser 2014-DN2, Cl M2
3.668%, VAR ICE LIBOR USD 1 Month+1.650%, 04/25/2024		114		114
FHLMC Structured Agency Credit Risk Debt Notes, Ser 2015-DNA2, Cl M2
4.618%, VAR ICE LIBOR USD 1 Month+2.600%, 12/25/2027		85		86
FHLMC Structured Agency Credit Risk Debt Notes, Ser 2017-DNA1, Cl M1
3.218%, VAR ICE LIBOR USD 1 Month+1.200%, 07/25/2029		411		412

  SEI Institutional Managed Trust / Annual Report / September 30, 2019   97

SCHEDULE OF INVESTMENTS

September 30, 2019

Core Fixed Income Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MORTGAGE-BACKED SECURITIES (continued)
FHLMC Structured Pass-Through Certificates, Ser 2007-76, Cl 2A
2.328%, 10/25/2037 (B)	$	114	$	125
FNMA
7.500%, 10/01/2037 to 04/01/2039		152		185
7.000%, 09/01/2026 to 02/01/2039		577		651
6.500%, 05/01/2027 to 05/01/2040		225		253
6.000%, 10/01/2019 to 10/01/2040		2,054		2,341
5.500%, 02/01/2021 to 09/01/2056		7,499		8,415
5.000%, 01/01/2020 to 08/01/2049		57,759		63,296
4.500%, 04/01/2025 to 09/01/2057		79,385		84,462
4.350%, 04/01/2021		715		733
4.300%, 04/01/2021		226		232
4.182%, 11/25/2017		562		93
4.000%, 08/01/2020 to 06/01/2057		127,957		134,564
3.640%, 11/01/2028		400		443
3.590%, 12/01/2020		420		424
3.500%, 05/01/2033 to 03/01/2057		96,841		100,965
3.490%, 02/01/2033		1,315		1,473
3.480%, 08/01/2028		2,025		2,231
3.450%, 05/01/2034		2,365		2,608
3.410%, 10/01/2030		798		875
3.350%, 05/01/2029		110		120
3.340%, 07/01/2030		600		658
3.310%, 05/01/2031		100		109
3.300%, 04/01/2029		100		109
3.290%, 10/01/2020 to 09/01/2032		961		1,021
3.260%, 05/01/2029 to 10/01/2030		1,187		1,286
3.240%, 05/01/2029 to 06/01/2029		1,475		1,601
3.190%, 05/01/2029 to 05/01/2030		1,356		1,455
3.160%, 05/01/2029		289		311
3.120%, 06/01/2035		850		905
3.110%, 02/01/2028		465		499
3.090%, 05/01/2029		400		430
3.080%, 04/01/2030		488		521
3.070%, 01/01/2029		190		203
3.050%, 05/01/2024		483		493
3.040%, 04/01/2030		488		520
3.000%, 12/01/2031 to 10/01/2049		53,185		54,512
2.930%, 08/01/2031		800		843
2.920%, 08/01/2031		100		106
2.915%, 08/01/2031		600		632
2.900%, 11/01/2029		500		526
2.870%, 07/01/2031 to 08/01/2031		300		318
2.860%, 08/01/2031		500		529
2.850%, 08/01/2031		1,110		1,167
2.840%, 08/01/2031		100		106
2.830%, 04/01/2025		1,311		1,341
2.820%, 07/01/2027		589		616
2.810%, 08/01/2031		400		419
2.800%, 08/01/2031		200		209
2.790%, 08/01/2029		1,200		1,261

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MORTGAGE-BACKED SECURITIES (continued)
2.770%, 08/01/2031	$	600	$	626
2.765%, 08/01/2031		800		832
2.740%, 08/01/2029		400		418
2.670%, 09/01/2031 to 09/01/2034		300		311
2.500%, 02/01/2023 to 10/01/2042		1,690		1,697
2.450%, 09/01/2031		300		305
FNMA ACES, Ser 2012-M14, Cl X2, IO
0.483%, 09/25/2022 (B)		12,538		137
FNMA ACES, Ser 2014-M2, Cl A2
3.513%, 12/25/2023 (B)		1,623		1,710
FNMA ACES, Ser 2017-M7, Cl A2
2.961%, 02/25/2027 (B)		440		462
FNMA ARM
4.419%, VAR 12 Month Treas Avg+1.963%, 11/01/2035		130		137
4.355%, VAR 12 Month Treas Avg+1.890%, 11/01/2035		503		527
4.292%, VAR 12 Month Treas Avg+1.839%, 10/01/2035		531		556
4.260%, VAR 12 Month Treas Avg+1.810%, 10/01/2035		88		92
3.123%, VAR ICE LIBOR USD 12 Month+1.620%, 03/01/2047		1,054		1,076
2.954%, VAR ICE LIBOR USD 12 Month+1.599%, 08/01/2047		791		807
2.748%, VAR ICE LIBOR USD 12 Month+1.578%, 06/01/2045		966		984
2.660%, VAR ICE LIBOR USD 12 Month+1.586%, 01/01/2046		3,476		3,530
2.616%, VAR ICE LIBOR USD 12 Month+1.583%, 05/01/2045		728		739
FNMA CMO STRIPS, Ser 2012-409, Cl C2, IO
3.000%, 04/25/2027		437		30
FNMA CMO STRIPS, Ser 2012-409, Cl C13, IO
3.500%, 11/25/2041		367		59
FNMA CMO STRIPS, Ser 2012-409, Cl C22, IO
4.500%, 11/25/2039		372		78
FNMA CMO, Ser 1999-11, Cl Z
5.500%, 03/25/2029		181		189
FNMA CMO, Ser 2005-117, Cl LC
5.500%, 11/25/2035		444		466
FNMA CMO, Ser 2005-29, Cl ZA
5.500%, 04/25/2035		202		231
FNMA CMO, Ser 2005-360, Cl 2, IO
5.000%, 08/25/2035		1,115		172
FNMA CMO, Ser 2006-112, Cl ST, IO
4.682%, VAR LIBOR USD 1 Month+6.700%, 11/25/2036		852		77
FNMA CMO, Ser 2008-22, Cl SI, IO
4.412%, VAR LIBOR USD 1 Month+6.430%, 03/25/2037		837		13
FNMA CMO, Ser 2009-103, Cl MB
4.462%, 12/25/2039 (B)		45		48

  98   SEI Institutional Managed Trust / Annual Report / September 30, 2019

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MORTGAGE-BACKED SECURITIES (continued)
FNMA CMO, Ser 2009-86, Cl BO, PO
0.000%, 03/25/2037 (A)	$	1,163	$	1,029
FNMA CMO, Ser 2010-150, Cl SK, IO
4.512%, VAR LIBOR USD 1 Month+6.530%, 01/25/2041		289		57
FNMA CMO, Ser 2011-59, Cl NZ
5.500%, 07/25/2041		1,768		2,009
FNMA CMO, Ser 2011-87, Cl SG, IO
4.532%, VAR LIBOR USD 1 Month+6.550%, 04/25/2040		240		30
FNMA CMO, Ser 2011-90, Cl QI, IO
5.000%, 05/25/2034		141		3
FNMA CMO, Ser 2011-96, Cl SA, IO
4.532%, VAR LIBOR USD 1 Month+6.550%, 10/25/2041		995		174
FNMA CMO, Ser 2012-101, Cl BI, IO
4.000%, 09/25/2027		78		6
FNMA CMO, Ser 2012-101, Cl AI, IO
3.000%, 06/25/2027		347		20
FNMA CMO, Ser 2012-118, Cl CI, IO
3.500%, 12/25/2039		369		22
FNMA CMO, Ser 2012-133, Cl CS, IO
4.132%, VAR LIBOR USD 1 Month+6.150%, 12/25/2042		319		57
FNMA CMO, Ser 2012-28, Cl B
6.500%, 06/25/2039		32		34
FNMA CMO, Ser 2012-35, Cl SC, IO
4.482%, VAR LIBOR USD 1 Month+6.500%, 04/25/2042		181		30
FNMA CMO, Ser 2012-411, Cl A3
3.000%, 08/25/2042		1,884		1,938
FNMA CMO, Ser 2012-46, Cl BA
6.000%, 05/25/2042		247		281
FNMA CMO, Ser 2012-70, Cl YS, IO
4.632%, VAR LIBOR USD 1 Month+6.650%, 02/25/2041		61		5
FNMA CMO, Ser 2012-74, Cl SA, IO
4.632%, VAR LIBOR USD 1 Month+6.650%, 03/25/2042		308		43
FNMA CMO, Ser 2012-74, Cl OA, PO
0.000%, 03/25/2042 (A)		24		22
FNMA CMO, Ser 2012-75, Cl AO, PO
0.000%, 03/25/2042 (A)		47		43
FNMA CMO, Ser 2013-111, Cl PL
2.000%, 12/25/2042		375		367
FNMA CMO, Ser 2013-124, Cl SB, IO
3.932%, VAR LIBOR USD 1 Month+5.950%, 12/25/2043		500		93
FNMA CMO, Ser 2013-126, Cl CS, IO
4.132%, VAR LIBOR USD 1 Month+6.150%, 09/25/2041		414		53
FNMA CMO, Ser 2013-30, Cl CA
1.500%, 04/25/2043		381		370

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MORTGAGE-BACKED SECURITIES (continued)
FNMA CMO, Ser 2013-35, Cl CL
3.000%, 02/25/2043	$	6,875	$	7,087
FNMA CMO, Ser 2013-54, Cl BS, IO
4.132%, VAR LIBOR USD 1 Month+6.150%, 06/25/2043		200		42
FNMA CMO, Ser 2013-73, Cl IA, IO
3.000%, 09/25/2032		497		42
FNMA CMO, Ser 2013-73, Cl IB, IO
3.500%, 07/25/2028		106		9
FNMA CMO, Ser 2013-9, Cl CB
5.500%, 04/25/2042		2,126		2,388
FNMA CMO, Ser 2013-9, Cl BC
6.500%, 07/25/2042		273		321
FNMA CMO, Ser 2013-9, Cl SA, IO
4.132%, VAR LIBOR USD 1 Month+6.150%, 03/25/2042		379		57
FNMA CMO, Ser 2014-47, Cl AI, IO
2.009%, 08/25/2044 (B)		212		12
FNMA CMO, Ser 2015-55, Cl IO, IO
1.821%, 08/25/2055 (B)		545		31
FNMA CMO, Ser 2015-56, Cl AS, IO
4.132%, VAR LIBOR USD 1 Month+6.150%, 08/25/2045		62		14
FNMA CMO, Ser 2016-60, Cl QS, IO
4.082%, VAR LIBOR USD 1 Month+6.100%, 09/25/2046		342		61
FNMA CMO, Ser 2017-13, Cl PA
3.000%, 08/25/2046		1,140		1,198
FNMA CMO, Ser 2017-42, Cl H
3.000%, 11/25/2043		772		790
FNMA CMO, Ser 2017-76, Cl SB, IO
4.082%, VAR LIBOR USD 1 Month+6.100%, 10/25/2057		1,868		366
FNMA CMO, Ser 2018-14, Cl KC
3.000%, 03/25/2048		1,965		2,025
FNMA CMO, Ser 2018-15, Cl AB
3.000%, 03/25/2048		463		478
FNMA CMO, Ser 2018-43, Cl CT
3.000%, 06/25/2048		3,467		3,519
FNMA CMO, Ser 2018-45, Cl GA
3.000%, 06/25/2048		2,461		2,493
FNMA CMO, Ser 2018-54, Cl KA
3.500%, 01/25/2047		2,208		2,277
FNMA CMO, Ser 2018-56, Cl CH
3.000%, 08/25/2048		1,718		1,746
FNMA CMO, Ser 2018-57, Cl PT
3.000%, 08/25/2048		1,484		1,510
FNMA CMO, Ser 2018-59, Cl DA
3.000%, 08/25/2048		3,788		3,851
FNMA CMO, Ser 2018-79, Cl FA
2.268%, VAR LIBOR USD 1 Month+0.250%, 11/25/2048		2,018		2,003

  SEI Institutional Managed Trust / Annual Report / September 30, 2019   99

SCHEDULE OF INVESTMENTS

September 30, 2019

Core Fixed Income Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MORTGAGE-BACKED SECURITIES (continued)
FNMA CMO, Ser 2018-8, Cl KL
2.500%, 03/25/2047	$	694	$	697
FNMA CMO, Ser 2019-14, Cl FB
2.630%, VAR LIBOR USD 1 Month+0.400%, 04/25/2059		742		741
FNMA CMO, Ser 2019-18, Cl FH
2.368%, VAR LIBOR USD 1 Month+0.350%, 05/25/2049		1,236		1,232
FNMA CMO, Ser 2019-25, Cl YF
2.468%, VAR LIBOR USD 1 Month+0.450%, 10/25/2046		2,421		2,418
FNMA CMO, Ser 2019-35, Cl MB
3.000%, 07/25/2049		1,345		1,410
FNMA CMO, Ser 2019-35, Cl FH
2.368%, VAR LIBOR USD 1 Month+0.350%, 07/25/2049		550		548
FNMA CMO, Ser 2019-35, Cl A
3.000%, 07/25/2049		1,062		1,106
FNMA CMO, Ser 2019-42, Cl FK
2.468%, VAR LIBOR USD 1 Month+0.450%, 08/25/2049		2,876		2,867
FNMA CMO, Ser 2019-60, Cl BF
2.496%, VAR LIBOR USD 1 Month+0.450%, 10/25/2049		989		988
FNMA CMO, Ser 2019-60, Cl FW
2.496%, VAR LIBOR USD 1 Month+0.450%, 10/25/2049		762		761
FNMA Interest CMO, Ser 2012-414, Cl A35
3.500%, 10/25/2042		2,717		2,883
FNMA TBA
5.000%, 11/01/2037 to 10/01/2038		9,170		9,822
4.500%, 10/15/2042		8,365		8,808
4.000%, 10/01/2040		5,975		6,200
3.500%, 10/16/2027 to 10/15/2042		36,200		37,252
3.000%, 10/15/2027 to 11/15/2042		115,770		117,474
2.500%, 11/01/2043		3,825		3,804
FNMA, Ser 141, Cl 1
2.827%, 05/01/2027		1,622		1,712
FNMA, Ser 2014-M8, Cl X2, IO
0.478%, 06/25/2024 (B)		7,446		137
FNMA, Ser 2015-M10, Cl A2
3.092%, 04/25/2027 (B)		544		578
FNMA, Ser M10, Cl A2
3.497%, 07/25/2028 (B)		6,100		6,631
FNMA, Ser M12, Cl A1
3.546%, 02/25/2030		2,421		2,647
FNMA, Ser M13, Cl A1
3.820%, 03/25/2030 (B)		1,048		1,167
FNMA, Ser M15, Cl 1A2
3.700%, 01/25/2036		100		112
FNMA, Ser M4, Cl A2
3.610%, 02/25/2031		490		547

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MORTGAGE-BACKED SECURITIES (continued)
FNMA, Ser M5, Cl A2
3.273%, 01/25/2029	$	930	$	1,012
FNMA, Ser M6, Cl A2
3.450%, 01/01/2029		1,030		1,140
FREMF Mortgage Trust, Ser 2010-K8, Cl B
5.446%, 09/25/2043 (B)(C)		480		487
FREMF Mortgage Trust, Ser 2012-K20, Cl X2A, IO
0.200%, 05/25/2045 (C)		11,810		52
FREMF Mortgage Trust, Ser 2019-KF58, Cl B
4.239%, VAR ICE LIBOR USD 1 Month+2.150%, 01/25/2026 (C)		2,098		2,113
FRESB Mortgage Trust, Ser 2017-SB42, Cl A10F
2.960%, 10/25/2027 (B)		235		244
FRESB Mortgage Trust, Ser 2018-SB50, Cl A10F
3.350%, 04/25/2028 (B)		100		106
GNMA
8.000%, 11/15/2029 to 09/15/2030		44		47
7.500%, 03/15/2029 to 10/15/2037		74		88
7.000%, 09/15/2031		28		33
6.500%, 07/15/2028 to 12/15/2035		1,501		1,701
6.000%, 12/15/2028 to 10/20/2040		2,525		2,855
5.060%, 07/20/2060 (B)		134		136
5.000%, 12/20/2039 to 09/20/2049		33,415		35,628
4.700%, 09/20/2061 (B)		914		946
4.500%, 04/20/2041 to 09/20/2049		41,538		43,773
4.436%, 01/20/2069 (B)		214		217
4.141%, 04/20/2063 (B)		455		463
4.000%, 02/20/2034 to 08/20/2049		38,030		39,776
3.500%, 06/20/2044 to 09/20/2049		44,662		46,467
3.000%, 09/15/2042 to 07/15/2049		15,479		15,941
GNMA CMO, Ser 2007-17, Cl IB, IO
4.206%, VAR LIBOR USD 1 Month+6.250%, 04/20/2037		495		69
GNMA CMO, Ser 2007-51, Cl SG, IO
4.536%, VAR LIBOR USD 1 Month+6.580%, 08/20/2037		66		10
GNMA CMO, Ser 2007-78, Cl SA, IO
4.503%, VAR LIBOR USD 1 Month+6.530%, 12/16/2037		589		108
GNMA CMO, Ser 2009-66, Cl XS, IO
4.773%, VAR LIBOR USD 1 Month+6.800%, 07/16/2039		585		90
GNMA CMO, Ser 2010-31, Cl GS, IO
4.456%, VAR LIBOR USD 1 Month+6.500%, 03/20/2039		26		1
GNMA CMO, Ser 2010-4, Cl NS, IO
4.363%, VAR LIBOR USD 1 Month+6.390%, 01/16/2040		4,650		864

  100   SEI Institutional Managed Trust / Annual Report / September 30, 2019

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MORTGAGE-BACKED SECURITIES (continued)
GNMA CMO, Ser 2010-85, Cl HS, IO
4.606%, VAR LIBOR USD 1 Month+6.650%, 01/20/2040	$	48	$	4
GNMA CMO, Ser 2010-H11, Cl FA
3.140%, VAR ICE LIBOR USD 1 Month+1.000%, 06/20/2060		423		429
GNMA CMO, Ser 2010-H27, Cl FA
2.609%, VAR ICE LIBOR USD 1 Month+0.380%, 12/20/2060		1,283		1,280
GNMA CMO, Ser 2010-H28, Cl FE
2.629%, VAR ICE LIBOR USD 1 Month+0.400%, 12/20/2060		549		548
GNMA CMO, Ser 2011-H08, Cl FD
2.729%, VAR ICE LIBOR USD 1 Month+0.500%, 02/20/2061		266		266
GNMA CMO, Ser 2011-H08, Cl FG
2.709%, VAR ICE LIBOR USD 1 Month+0.480%, 03/20/2061		626		626
GNMA CMO, Ser 2011-H09, Cl AF
2.729%, VAR ICE LIBOR USD 1 Month+0.500%, 03/20/2061		452		452
GNMA CMO, Ser 2012-141, Cl WA
4.527%, 11/16/2041 (B)		353		394
GNMA CMO, Ser 2012-34, Cl SA, IO
4.006%, VAR LIBOR USD 1 Month+6.050%, 03/20/2042		508		99
GNMA CMO, Ser 2012-43, Cl SN, IO
4.573%, VAR LIBOR USD 1 Month+6.600%, 04/16/2042		90		19
GNMA CMO, Ser 2012-66, Cl CI, IO
3.500%, 02/20/2038		364		18
GNMA CMO, Ser 2012-98, Cl SA, IO
4.073%, VAR LIBOR USD 1 Month+6.100%, 08/16/2042		238		47
GNMA CMO, Ser 2012-H25, Cl FA
2.929%, VAR ICE LIBOR USD 1 Month+0.700%, 12/20/2061		38		38
GNMA CMO, Ser 2012-H27, Cl AI, IO
1.766%, VAR ICE LIBOR USD 1 Month+0.000%, 10/20/2062		1,399		65
GNMA CMO, Ser 2013-53, Cl OI, IO
3.500%, 04/20/2043		248		32
GNMA CMO, Ser 2013-69, Cl AI, IO
3.500%, 05/20/2043		446		78
GNMA CMO, Ser 2014-117, Cl SJ, IO
3.556%, VAR LIBOR USD 1 Month+5.600%, 08/20/2044		153		26
GNMA CMO, Ser 2014-5, Cl SP, IO
4.123%, VAR LIBOR USD 1 Month+6.150%, 06/16/2043		319		37
GNMA CMO, Ser 2014-H10, Cl TA
2.829%, VAR ICE LIBOR USD 1 Month+0.600%, 04/20/2064		569		572

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MORTGAGE-BACKED SECURITIES (continued)
GNMA CMO, Ser 2015-167, Cl OI, IO
4.000%, 04/16/2045	$	165	$	31
GNMA CMO, Ser 2015-H10, Cl FC
2.709%, VAR ICE LIBOR USD 1 Month+0.480%, 04/20/2065		374		374
GNMA CMO, Ser 2015-H18, Cl FA
2.679%, VAR ICE LIBOR USD 1 Month+0.450%, 06/20/2065		253		253
GNMA CMO, Ser 2015-H20, Cl FA
2.699%, VAR ICE LIBOR USD 1 Month+0.470%, 08/20/2065		275		275
GNMA CMO, Ser 2016-135, Cl SB, IO
4.073%, VAR LIBOR USD 1 Month+6.100%, 10/16/2046		315		115
GNMA CMO, Ser 2017-167, Cl BQ
2.500%, 08/20/2044		1,568		1,591
GNMA CMO, Ser 2017-H15, Cl KI, IO
2.354%, VAR ICE LIBOR USD 12 Month+0.000%, 07/20/2067		864		117
GNMA CMO, Ser 2017-H18, Cl BI, IO
1.339%, VAR ICE LIBOR USD 12 Month+0.000%, 09/20/2067		5,630		526
GNMA CMO, Ser 2017-H20, Cl IB, IO
1.942%, VAR ICE LIBOR USD 12 Month+0.000%, 10/20/2067		392		44
GNMA CMO, Ser 2017-H22, Cl IC, IO
2.186%, VAR ICE LIBOR USD 12 Month+0.000%, 11/20/2067		176		20
GNMA CMO, Ser 2018-H06, Cl PF
2.529%, VAR ICE LIBOR USD 1 Month+0.300%, 02/20/2068		593		591
GNMA CMO, Ser 2018-H07, Cl FD
2.529%, VAR ICE LIBOR USD 1 Month+0.300%, 05/20/2068		1,046		1,041
GNMA CMO, Ser 2019-20, Cl JK
3.500%, 02/20/2049		3,857		3,960
GNMA CMO, Ser 2019-90, Cl AB
3.000%, 07/20/2049		995		1,014
GNMA TBA
4.500%, 10/15/2039 to 11/15/2039		7,735		8,077
4.000%, 10/01/2039		700		728
3.500%, 10/15/2041 to 11/15/2041		36,700		38,017
3.000%, 10/01/2042 to 12/01/2042		53,800		55,165
GNMA, Ser 2012-112, Cl IO, IO
0.278%, 02/16/2053 (B)		927		17
GNMA, Ser 2012-152, Cl IO, IO
0.790%, 01/16/2054 (B)		7,261		378
GNMA, Ser 2012-27, Cl IO, IO
0.947%, 04/16/2053 (B)		1,337		38
GNMA, Ser 2013-145, Cl IO, IO
1.063%, 09/16/2044 (B)		1,120		51
GNMA, Ser 2013-96, Cl IO, IO
0.518%, 10/16/2054 (B)		1,838		43

  SEI Institutional Managed Trust / Annual Report / September 30, 2019   101

SCHEDULE OF INVESTMENTS

September 30, 2019

Core Fixed Income Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MORTGAGE-BACKED SECURITIES (continued)
GNMA, Ser 2014-47, Cl IA, IO
0.128%, 02/16/2048 (B)	$	233	$	4
GNMA, Ser 2014-50, Cl IO, IO
0.825%, 09/16/2055 (B)		681		35
GNMA, Ser 2014-92, Cl IX, IO
0.622%, 05/16/2054 (B)		5,864		152
GNMA, Ser 2015-5, Cl IK, IO
0.664%, 11/16/2054 (B)		6,084		232
GNMA, Ser 2019-71, Cl PT
3.000%, 06/20/2049		5,279		5,413
GNMA, Ser 28, Cl AB
3.150%, 06/16/2060		669		683
GNMA, Ser 41, Cl IO, IO
0.792%, 07/16/2058 (B)		1,908		123
				1,496,362
Non-Agency Mortgage-Backed Obligations — 4.9%
1211 Avenue of the Americas Trust, Ser 2015- 1211, Cl A1A2
3.901%, 08/10/2035 (C)		805		873
A10 Term Asset Financing, Ser 1A, Cl A1FX
2.340%, 03/15/2036 (C)		54		54
Adjustable Rate Mortgage Trust, Ser 2004-2, Cl 3A1
3.255%, 02/25/2035 (B)		567		554
Adjustable Rate Mortgage Trust, Ser 2007-1, Cl 5A31
2.158%, VAR ICE LIBOR USD 1 Month+0.140%, 03/25/2037		1,369		1,309
Alternative Loan Trust, Ser 2006-18CB, Cl A6
20.527%, VAR ICE LIBOR USD 1 Month+28.600%, 07/25/2036		230		379
American Home Mortgage Investment Trust, Ser 2004-4, Cl 4A
4.031%, VAR ICE LIBOR USD 6 Month+2.000%, 02/25/2045		232		233
American Home Mortgage Investment Trust, Ser 2005-1, Cl 6A
4.043%, VAR ICE LIBOR USD 6 Month+2.000%, 06/25/2045		1,766		1,806
American Home Mortgage Investment Trust, Ser 2005-4, Cl 5A
3.781%, VAR ICE LIBOR USD 6 Month+1.750%, 11/25/2045		1,146		840
American Home Mortgage Investment Trust, Ser 2006-1, Cl 12A1
2.418%, VAR ICE LIBOR USD 1 Month+0.400%, 03/25/2046		4,089		3,916
Angel Oak Mortgage Trust I, Ser 2019-2, Cl A1
3.628%, 03/25/2049 (B)(C)		579		588
AOA Mortgage Trust, Ser 2015-1177, Cl A
2.957%, 12/13/2029 (C)		930		938

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MORTGAGE-BACKED SECURITIES (continued)
BAMLL Commercial Mortgage Securities Trust, Ser 2018-PARK, Cl A
4.227%, 08/10/2038 (B)(C)	$	1,790	$	2,022
BAMLL Re-REMIC Trust, Ser 2016-GG10, Cl AJA
6.006%, 08/10/2045 (B)(C)		1,653		1,069
Banc of America Funding Trust, Ser 2004-C, Cl 1A1
4.955%, 12/20/2034 (B)		10		10
Banc of America Funding Trust, Ser 2006-G, Cl 2A4
2.624%, VAR ICE LIBOR USD 1 Month+0.580%, 07/20/2036		523		524
BBCMS Trust, Ser 2015-SRCH, Cl A1
3.312%, 08/10/2035 (C)		210		219
BBCMS Trust, Ser CBM, Cl A
3.028%, VAR ICE LIBOR USD 1 Month+1.000%, 07/15/2037 (C)		375		375
BB-UBS Trust, Ser 2012-SHOW, Cl A
3.430%, 11/05/2036 (C)		600		632
BB-UBS Trust, Ser 2012-TFT, Cl A
2.892%, 06/05/2030 (C)		150		150
BCAP LLC Trust, Ser 2009-RR5, Cl 8A1
5.500%, 11/26/2034 (B)(C)		36		37
BCAP Trust, Ser 2015-RR2, Cl 21A1
3.185%, 03/28/2037 (B)(C)		845		839
Bear Stearns Adjustable Rate Mortgage Trust, Ser 2004-2, Cl 14A
4.449%, 05/25/2034 (B)		11		11
Bear Stearns Adjustable Rate Mortgage Trust, Ser 2004-2, Cl 24A
2.399%, 05/25/2034 (B)		75		72
Bear Stearns ALT-A Trust, Ser 2004-6, Cl 1A
2.658%, VAR ICE LIBOR USD 1 Month+0.640%, 07/25/2034		28		28
Bear Stearns ARM Trust, Ser 2003-7, Cl 9A
4.665%, 10/25/2033 (B)		431		441
Bear Stearns Asset-Backed Securities I Trust, Ser 2005-AC6, Cl 1A3
5.500%, 09/25/2035 (B)		1,005		1,030
Bear Stearns Asset-Backed Securities I Trust, Ser 2005-AC8, Cl A3, IO
5.632%, VAR ICE LIBOR USD 1 Month+7.650%, 11/25/2035		3,182		1,050
Bear Stearns Commercial Mortgage Securities, Ser 2005-PWR8, Cl X1, IO
0.512%, 06/11/2041 (B)(C)		13		–
Bear Stearns Mortgage Funding Trust, Ser 2007-AR3, Cl 1A1
2.158%, VAR ICE LIBOR USD 1 Month+0.140%, 03/25/2037		4,765		4,598

  102   SEI Institutional Managed Trust / Annual Report / September 30, 2019

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MORTGAGE-BACKED SECURITIES (continued)
Benchmark Mortgage Trust, Ser 2018-B1, Cl ASB
3.602%, 01/15/2051 (B)	$	349	$	372
Benchmark Mortgage Trust, Ser 2019-B13, Cl A4
2.952%, 08/15/2057		653		677
Bunker Hill Loan Depositary Trust, Ser 2019-1, Cl A1
3.613%, 10/26/2048 (C)		386		390
Bunker Hill Loan Depositary Trust, Ser 2019-2, Cl A1
2.879%, 07/25/2049 (C)		1,049		1,056
BX Commercial Mortgage Trust, Ser IND, Cl H
5.028%, VAR ICE LIBOR USD 1 Month+3.000%, 11/15/2035 (C)		4,602		4,612
BX Trust, Ser 2017-APPL, Cl A
2.908%, VAR ICE LIBOR USD 1 Month+0.880%, 07/15/2034 (C)		501		500
Cali Mortgage Trust, Ser 2019-101C, Cl A
3.957%, 03/10/2029		1,280		1,436
CAMB Commercial Mortgage Trust, Ser 2019-LIFE, Cl A
3.098%, VAR ICE LIBOR USD 1 Month+1.070%, 12/15/2037 (C)		825		826
CD Commercial Mortgage Trust, Ser 2016-CD1, Cl A1
1.443%, 08/10/2049		179		178
CD Commercial Mortgage Trust, Ser 2017-CD3, Cl A4
3.631%, 02/10/2050		310		336
CD Commercial Mortgage Trust, Ser 2017-CD4, Cl ASB
3.317%, 05/10/2050		474		497
CD Commercial Mortgage Trust, Ser 2017-CD5, Cl XA, IO
1.043%, 08/15/2050 (B)		8,641		448
CD Commercial Mortgage Trust, Ser 2017-CD6, Cl ASB
3.332%, 11/13/2050		1,156		1,217
CD Mortgage Trust, Ser 2017-CD4, Cl A4
3.514%, 05/10/2050 (B)		522		562
CFCRE Commercial Mortgage Trust, Ser 2016-C3, Cl A1
1.793%, 01/10/2048		227		226
CFCRE Commercial Mortgage Trust, Ser 2016-C4, Cl ASB
3.091%, 05/10/2058		615		635
CFCRE Commercial Mortgage Trust, Ser 2017-C8, Cl A1
1.965%, 06/15/2050		141		141
CFCRE Commercial Mortgage Trust, Ser 2017-C8, Cl ASB
3.367%, 06/15/2050		494		519

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	$	397
CGRBS Commercial Mortgage Trust, Ser 2013-VN05, Cl A
3.369%, 03/13/2035 (C)		660		693
Chase Mortgage Finance, Ser 2007-A1, Cl 2A1
4.697%, 02/25/2037 (B)		15		16
Chase Mortgage Finance, Ser 2007-A1, Cl 9A1
4.823%, 02/25/2037 (B)		10		10
Chase Mortgage Finance, Ser 2007-A2, Cl 1A1
4.794%, 07/25/2037 (B)		27		28
CHT Mortgage Trust, Ser 2017-CSMO, Cl A
2.958%, VAR ICE LIBOR USD 1 Month+0.930%, 11/15/2036 (C)		490		490
Citigroup Commercial Mortgage Trust, Ser 2013-375P, Cl A
3.251%, 05/10/2035 (C)		895		928
Citigroup Commercial Mortgage Trust, Ser 2015-GC29, Cl A2
2.674%, 04/10/2048		809		809
Citigroup Commercial Mortgage Trust, Ser 2015-GC29, Cl AS
3.457%, 04/10/2048		289		303
Citigroup Commercial Mortgage Trust, Ser 2019-GC41, Cl A5
2.869%, 08/10/2056		2,680		2,768
Citigroup Global Markets Mortgage Securities VII, Ser 2003-HYB1, Cl A
4.310%, 09/25/2033 (B)		13		13
Citigroup/Deutsche Bank Commercial Mortgage Trust, Ser 2006-CD2, Cl X, IO
0.023%, 01/15/2046 (B)(C)		401		–
Citigroup/Deutsche Bank Commercial Mortgage Trust, Ser 2007-CD4, Cl XC, IO
1.040%, 12/11/2049 (B)(C)		14		–
CityLine Commercial Mortgage Trust, Ser 2016-CLNE, Cl A
2.871%, 11/10/2031 (B)(C)		720		738
COLT Funding LLC, Ser 2019-4, Cl A1
2.579%, 11/25/2049		1,093		1,093
COLT Mortgage Loan Trust, Ser 2019-1, Cl A1
3.705%, 03/25/2049 (B)(C)		568		576
COLT Mortgage Loan Trust, Ser 2019-2, Cl A1
3.337%, 05/25/2049 (B)(C)		1,048		1,066
COMM Mortgage Trust, Ser 2010-C1, Cl XWB, IO
0.865%, 07/10/2046 (B)(C)		13,060		85
COMM Mortgage Trust, Ser 2012-LC4, Cl A4
3.288%, 12/10/2044		76		77

  SEI Institutional Managed Trust / Annual Report / September 30, 2019   103

SCHEDULE OF INVESTMENTS

September 30, 2019

Core Fixed Income Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MORTGAGE-BACKED SECURITIES (continued)
COMM Mortgage Trust, Ser 2013-300P, Cl A1
4.353%, 08/10/2030 (C)	$	835	$	894
COMM Mortgage Trust, Ser 2013-CR12, Cl C
5.250%, 10/10/2046 (B)		70		71
COMM Mortgage Trust, Ser 2013-CR12, Cl AM
4.300%, 10/10/2046		130		139
COMM Mortgage Trust, Ser 2013-CR12, Cl B
4.762%, 10/10/2046 (B)		120		126
COMM Mortgage Trust, Ser 2013-CR6, Cl B
3.397%, 03/10/2046 (C)		299		307
COMM Mortgage Trust, Ser 2013-CR9, Cl A4
4.373%, 07/10/2045 (B)		977		1,049
COMM Mortgage Trust, Ser 2014-CR18, Cl XA, IO
1.162%, 07/15/2047 (B)		2,757		106
COMM Mortgage Trust, Ser 2014-UBS2, Cl XA, IO
1.365%, 03/10/2047 (B)		1,917		81
COMM Mortgage Trust, Ser 2014-UBS2, Cl A5
3.961%, 03/10/2047		236		252
COMM Mortgage Trust, Ser 2014-UBS3, Cl AM
4.012%, 06/10/2047		285		301
COMM Mortgage Trust, Ser 2015-LC19, Cl XA, IO
1.289%, 02/10/2048 (B)		6,031		298
COMM Mortgage Trust, Ser 2016-787S, Cl A
3.545%, 02/10/2036 (C)		960		1,022
COMM Mortgage Trust, Ser 2016-COR1, Cl ASB
2.972%, 10/10/2049		480		496
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		427
COMM Mortgage Trust, Ser 2018-COR3, Cl A3
4.228%, 05/10/2051		172		195
COMM Mortgage Trust, Ser LC6, Cl AM
3.282%, 01/10/2046		465		478
Commercial Mortgage Pass-Through Certificates, Ser 2012-CR4, Cl AM
3.251%, 10/15/2045		590		589
Commercial Mortgage Pass-Through Certificates, Ser CR14, Cl B
4.787%, 02/10/2047 (B)		850		925
Connecticut Avenue Securities Trust, Ser 2019-R02, Cl 1M2
4.318%, VAR ICE LIBOR USD 1
Month+2.300%, 08/25/2031 (C)		2,880		2,895
Core Industrial Trust, Ser 2015-CALW, Cl A
3.040%, 02/10/2034 (C)		1,119		1,143
Core Industrial Trust, Ser 2019-CORE, Cl A
2.908%, VAR ICE LIBOR USD 1 Month+0.880%, 12/15/2031 (C)		1,200		1,200

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MORTGAGE-BACKED SECURITIES (continued)
Credit Suisse Commercial Mortgage Trust, Ser 2006-C3, Cl AJ
6.703%, 06/15/2038 (B)	$	42	$	23
Credit Suisse Commercial Mortgage Trust, Ser 2006-C5, Cl AJ
5.373%, 12/15/2039		244		162
Credit Suisse Commercial Mortgage Trust, Ser 2007-C5, Cl AM
5.869%, 09/15/2040 (B)		99		74
Credit Suisse First Boston Mortgage Securities, Ser 2003-27, Cl 5A3
5.250%, 11/25/2033		39		41
Credit Suisse First Boston Mortgage Securities, Ser 2003-29, Cl 5A1
7.000%, 12/25/2033		39		41
Credit Suisse First Boston Mortgage Securities, Ser 2003-AR24, Cl 2A4
4.604%, 10/25/2033 (B)		811		823
Credit Suisse Group Funding Guernsey, Ser 2015-3GNA, Cl A2
4.573%, 03/12/2020	GBP	374		438
Credit Suisse Group Funding Guernsey, Ser 2015-3GNA, Cl A1
3.303%, 03/12/2020		1,064		1,247
Credit Suisse Mortgage Capital Certificates, Ser 2019-ICE4, Cl A
3.008%, VAR LIBOR USD 1 Month+0.980%, 05/15/2036 (C)	$	905		905
Credit Suisse Mortgage Trust, Ser 2016-NXSR, Cl A4
3.795%, 12/15/2049 (B)		1,509		1,638
CSAIL Commercial Mortgage Trust, Ser 2014-C3, Cl A4
3.718%, 08/15/2048		651		698
CSAIL Commercial Mortgage Trust, Ser 2015-C2, Cl A4
3.504%, 06/15/2057		508		538
CSAIL Commercial Mortgage Trust, Ser 2015-C3, Cl A3
3.447%, 08/15/2048		555		586
CSAIL Commercial Mortgage Trust, Ser 2015-C3, Cl A2
3.033%, 08/15/2048		350		351
CSAIL Commercial Mortgage Trust, Ser 2015-C4, Cl A4
3.808%, 11/15/2048		709		767
CSAIL Commercial Mortgage Trust, Ser 2016-C5, Cl ASB
3.533%, 11/15/2048		202		211
CSAIL Commercial Mortgage Trust, Ser 2019-C17, Cl A5
3.016%, 09/15/2052		541		562

  104   SEI Institutional Managed Trust / Annual Report / September 30, 2019

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MORTGAGE-BACKED SECURITIES (continued)
CSMC Trust, Ser 2017-CHOP, Cl G
7.648%, VAR ICE LIBOR USD 1 Month+5.620%, 07/15/2032 (C)	$	1,000	$	988
CSMC Trust, Ser 2017-PFHP, Cl A
2.978%, VAR ICE LIBOR USD 1 Month+0.950%, 12/15/2030 (C)		1,190		1,189
CSMC Trust, Ser 2017-RPL3, Cl A1
4.000%, 08/01/2057 (B)(C)		1,030		1,058
CSMC, Ser 2009-2R, Cl 1A14
4.922%, 09/26/2034 (B)(C)		503		516
CSMC, Ser 2014-11R, Cl 9A2
2.285%, VAR ICE LIBOR USD 1 Month+0.140%, 10/27/2036 (C)		2,620		2,076
CSMC, Ser 2014-7R, Cl 8A1
3.813%, 07/27/2037 (B)(C)		313		313
CSMC, Ser 2014-USA, Cl E
4.373%, 09/15/2037 (C)		290		278
CSMC, Ser 2014-USA, Cl A2
3.953%, 09/15/2037 (C)		2,135		2,286
CSMC, Ser 2015-5R, Cl 1A1
3.403%, 09/27/2046 (B)(C)		430		440
CSMC, Ser 2018-J1, Cl A2
3.500%, 02/25/2048 (B)(C)		8,137		8,156
DBCCRE Mortgage Trust, Ser 2014-ARCP, Cl A
4.238%, 01/10/2034 (C)		1,175		1,253
DBCCRE Mortgage Trust, Ser 2018-ARCP, Cl C
5.099%, 01/10/2034 (B)(C)		315		334
DBJPM Mortgage Trust, Ser 2017-C6, Cl ASB
3.121%, 06/10/2050		281		292
DBUBS Mortgage Trust, Ser 2011-LC2A, Cl A4
4.537%, 07/10/2044 (C)		100		103
Downey Savings & Loan Association Mortgage Loan Trust, Ser 2004-AR2, Cl A2B
2.857%, VAR ICE LIBOR USD 1 Month+0.800%, 11/19/2044		629		602
EverBank Mortgage Loan Trust, Ser 2018-1, Cl A22
3.500%, 02/25/2048 (B)(C)		808		814
FHLMC Structured Agency Credit Risk Debt Notes, Ser 2016-DNA2, Cl M3
6.668%, VAR ICE LIBOR USD 1 Month+4.650%, 10/25/2028		360		386
Flagstar Mortgage Trust, Ser 2018-2, Cl A4
3.500%, 04/25/2048 (B)(C)		2,167		2,204
FNMA Connecticut Avenue Securities, Ser 2014-C03, Cl 1M2
5.018%, VAR ICE LIBOR USD 1 Month+3.000%, 07/25/2024		3,815		4,005
FWDSecuritization Trust, Ser 2019-INV1, Cl A1
2.810%, 06/25/2049 (B)(C)		1,354		1,359
GCAT, Ser 2019-NQM1, Cl A1
2.985%, 02/25/2059 (C)		425		426

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MORTGAGE-BACKED SECURITIES (continued)
GS Mortgage Securities II, Ser 2010-C1, Cl A2
4.592%, 08/10/2043 (C)	$	975	$	986
GS Mortgage Securities II, Ser 2017-SLP, Cl C
3.924%, 10/10/2032 (C)		1,310		1,352
GS Mortgage Securities II, Ser GC30, Cl B
4.148%, 05/10/2050 (B)		480		510
GS Mortgage Securities Trust, Ser 2006-GG8, Cl X, IO
1.178%, 11/10/2039 (B)(C)		260		2
GS Mortgage Securities Trust, Ser 2006-GG8, Cl AJ
5.622%, 11/10/2039		208		182
GS Mortgage Securities Trust, Ser 2012-GC6, Cl A3
3.482%, 01/10/2045		502		513
GS Mortgage Securities Trust, Ser 2012-GCJ7, Cl AAB
2.935%, 05/10/2045		48		48
GS Mortgage Securities Trust, Ser 2013- GC16, Cl B
5.161%, 11/10/2046 (B)		270		298
GS Mortgage Securities Trust, Ser 2014-GC18, Cl A3
3.801%, 01/10/2047		388		410
GS Mortgage Securities Trust, Ser 2014- GC26, Cl B
4.215%, 11/10/2047 (B)		680		718
GS Mortgage Securities Trust, Ser 2015- GC34, Cl A4
3.506%, 10/10/2048		571		610
GS Mortgage Securities Trust, Ser 2017-GS7, Cl A4
3.430%, 08/10/2050		903		963
GS Mortgage Securities Trust, Ser 2018-SRP5
3.281%, 06/09/2021		2,900		2,864
GS Mortgage Securities Trust, Ser 2019- GC42, Cl A4
3.001%, 09/01/2052		469		489
GS Mortgage Securities Trust, Ser GC28, Cl A5
3.396%, 02/10/2048		233		246
GS Mortgage-Backed Securities Trust, Ser 2018-RPL1, Cl A1A
3.750%, 10/25/2057 (C)		4,918		5,118
GSMPS Mortgage Loan Trust, Ser 1998-1, Cl A
8.000%, 09/19/2027 (B)(C)		16		16
GSR Mortgage Loan Trust, Ser 2003-13, Cl 1A1
4.327%, 10/25/2033 (B)		200		208
GSR Mortgage Loan Trust, Ser 2004-8F, Cl 2A3
6.000%, 09/25/2034		19		19

  SEI Institutional Managed Trust / Annual Report / September 30, 2019   105

SCHEDULE OF INVESTMENTS

September 30, 2019

Core Fixed Income Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MORTGAGE-BACKED SECURITIES (continued)
GSR Mortgage Loan Trust, Ser 2007-1F, Cl 2A4
5.500%, 01/25/2037	$	8	$	9
HarborView Mortgage Loan, Ser 2004-3, Cl 1A
4.677%, 05/19/2034 (B)		838		868
Hudson Yards Mortgage Trust, Ser 2019- 30HY, Cl A
3.228%, 07/10/2039 (C)		1,225		1,300
Impac Secured Assets Trust, Ser 2006-2, Cl 2A1
2.368%, VAR ICE LIBOR USD 1 Month+0.350%, 08/25/2036		13		13
Impact Funding, Ser 2010-1, Cl A1
5.314%, 01/25/2051 (C)		1,766		1,930
JPMBB Commercial Mortgage Securities Trust, Ser 2013-C17, Cl B
5.055%, 01/15/2047 (B)		130		142
JPMBB Commercial Mortgage Securities Trust, Ser 2014-C22, Cl C
4.709%, 09/15/2047 (B)		120		124
JPMBB Commercial Mortgage Securities Trust, Ser 2014-C23, Cl A4
3.670%, 09/15/2047		541		574
JPMBB Commercial Mortgage Securities Trust, Ser 2015-C28, Cl A3
2.912%, 10/15/2048		2,581		2,658
JPMBB Commercial Mortgage Securities Trust, Ser 2015-C28, Cl A2
2.773%, 10/15/2048		309		309
JPMBB Commercial Mortgage Securities Trust, Ser 2015-C33, Cl A4
3.770%, 12/15/2048		272		295
JPMDB Commercial Mortgage Securities Trust, Ser 2017-C5, Cl A5
3.694%, 03/15/2050		289		315
JPMDB Commercial Mortgage Securities Trust, Ser 2017-C5, Cl A3
3.597%, 03/15/2050		250		263
JPMDB Commercial Mortgage Securities Trust, Ser 2017-C5, Cl ASB
3.492%, 03/15/2050		187		197
JPMDB Commercial Mortgage Securities Trust, Ser 2018-C8, Cl ASB
4.145%, 06/15/2051		575		632
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2006-CB15, Cl X1, IO
0.366%, 06/12/2043 (B)		694		1
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2007-CB19, Cl AJ
6.004%, 02/12/2049 (B)		208		136

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MORTGAGE-BACKED SECURITIES (continued)
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2007-LD12, Cl AJ
6.613%, 02/15/2051 (B)	$	2	$	2
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2011-C5, Cl B
5.554%, 08/15/2046 (B)(C)		296		311
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2014-C20, Cl C
4.750%, 07/15/2047 (B)		380		403
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2016-JP2, Cl A1
1.324%, 08/15/2049		346		343
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2017-JP5, Cl ASB
3.549%, 03/15/2050		1,373		1,453
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2017-JP6, Cl ASB
3.283%, 07/15/2050		529		554
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2018-BCON, Cl B
3.881%, 01/05/2031 (B)(C)		1,305		1,355
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2018-PHH, Cl A
2.938%, VAR ICE LIBOR USD 1 Month+0.910%, 06/15/2035 (C)		1,129		1,127
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2019-OSB, Cl A
3.397%, 06/05/2039 (C)		1,500		1,615
JPMorgan Mortgage Trust, Ser 2006-A2, Cl 5A3
4.519%, 11/25/2033 (B)		31		32
JPMorgan Mortgage Trust, Ser 2006-A2, Cl 4A1
4.702%, 08/25/2034 (B)		69		72
JPMorgan Mortgage Trust, Ser 2015-5, Cl A9
3.338%, 05/25/2045 (B)(C)		134		134
JPMorgan Mortgage Trust, Ser 2018-4, Cl A1
3.500%, 10/25/2048 (B)(C)		841		854
JPMorgan Mortgage Trust, Ser 2018-5, Cl A1
3.500%, 10/25/2048 (B)(C)		3,797		3,862
LB-UBS Commercial Mortgage Trust, Ser 2006-C1, Cl XCL, IO
0.392%, 02/15/2041 (B)(C)		323		–
Lehman XS Trust, Ser 2007-16N, Cl 2A2
2.868%, VAR ICE LIBOR USD 1 Month+0.850%, 09/25/2047		4,766		4,765
Lone Star Portfolio Trust, Ser 2015-LSP, Cl E
7.878%, VAR ICE LIBOR USD 1 Month+5.850%, 09/15/2028 (C)		589		593
Master Resecuritization Trust, Ser 2005, Cl 3, PO
0.000%, 05/28/2035 (A)(C)		5		4

  106   SEI Institutional Managed Trust / Annual Report / September 30, 2019

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MORTGAGE-BACKED SECURITIES (continued)
MASTR Reperforming Loan Trust, Ser 2005-1, Cl 1A1
6.000%, 08/25/2034 (C)	$	1,354	$	1,298
Merrill Lynch Mortgage Investors Trust, Ser 2003-A4, Cl 2A
4.977%, 07/25/2033 (B)		12		12
Merrill Lynch Mortgage Investors Trust, Ser 2004-A1, Cl 4A
5.125%, 02/25/2034 (B)		41		42
Merrill Lynch/Countrywide Commercial Mortgage Trust, Ser 2006-4, Cl XC, IO
0.759%, 12/12/2049 (B)(C)		41		–
ML-CFC Commercial Mortgage Trust, Ser 2007-5, Cl AJFL
5.450%, 08/12/2048 (B)(C)		27		17
ML-CFC Commercial Mortgage Trust, Ser 2007-5, Cl AJ
5.450%, 08/12/2048 (B)		209		128
ML-CFC Commercial Mortgage Trust, Ser 2007-9, Cl AJ
6.193%, 09/12/2049 (B)		189		79
Morgan Stanley BAML Trust, Ser 2012-CKSV, Cl A2
3.277%, 10/15/2030 (C)		760		769
Morgan Stanley Bank of America Merrill Lynch Trust, Ser 2012-C6, Cl B
3.930%, 11/15/2045		390		405
Morgan Stanley Bank of America Merrill Lynch Trust, Ser 2013-C10, Cl A4
4.218%, 07/15/2046 (B)		92		98
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		144
Morgan Stanley Bank of America Merrill Lynch Trust, Ser 2015-C25, Cl A5
3.635%, 10/15/2048		250		268
Morgan Stanley Bank of America Merrill Lynch Trust, Ser 2015-C25, Cl ASB
3.383%, 10/15/2048		395		411
Morgan Stanley Bank of America Merrill Lynch Trust, Ser 2015-C27, Cl A4
3.753%, 12/15/2047		155		167
Morgan Stanley Capital I Trust, Ser 2006- IQ12, Cl AJ
5.399%, 12/15/2043		184		138
Morgan Stanley Capital I Trust, Ser 2007- HQ11, Cl X, IO
0.409%, 02/12/2044 (B)(C)		48		–

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MORTGAGE-BACKED SECURITIES (continued)
Morgan Stanley Capital I Trust, Ser 2007- IQ16, Cl AJ
6.459%, 12/12/2049 (B)	$	107	$	66
Morgan Stanley Capital I Trust, Ser 2007- T27, Cl AJ
6.144%, 06/11/2042 (B)		1,701		1,807
Morgan Stanley Capital I Trust, Ser 2011-C1, Cl C
5.554%, 09/15/2047 (B)(C)		905		937
Morgan Stanley Capital I Trust, Ser 2014- CPT, Cl A
3.350%, 07/13/2029 (C)		590		600
Morgan Stanley Capital I Trust, Ser 2016- BNK2, Cl XA, IO
1.210%, 11/15/2049 (B)		3,403		185
Morgan Stanley Capital I Trust, Ser 2016- UB11, Cl ASB
2.606%, 08/15/2049		468		475
Morgan Stanley Capital I Trust, Ser 2016- UB11, Cl A1
1.445%, 08/15/2049		396		394
Morgan Stanley Capital I Trust, Ser 2016- UBS9, Cl A1
1.711%, 03/15/2049		221		220
Morgan Stanley Capital I Trust, Ser 2017- ASHF, Cl A
2.878%, VAR ICE LIBOR USD 1 Month+0.850%, 11/15/2034 (C)		40		40
Morgan Stanley Capital I Trust, Ser 2019- BPR, Cl A
3.428%, VAR LIBOR USD 1 Month+1.400%, 05/15/2036 (C)		1,720		1,719
MSCG Trust, Ser 2015-ALDR, Cl A2
3.577%, 06/07/2035 (B)(C)		250		261
MSCG Trust, Ser 2016-SNR, Cl C
5.205%, 11/15/2034 (C)		255		260
NCUA Guaranteed Notes Trust CMO, Ser 2010-R3, Cl 3A
2.400%, 12/08/2020		64		64
New Residential Mortgage Loan Trust, Ser 2017-1A, Cl A1
4.000%, 02/25/2057 (B)(C)		1,296		1,346
New Residential Mortgage Loan Trust, Ser 2019-NQM2, Cl A1
3.600%, 04/25/2049 (B)(C)		566		573
New Residential Mortgage Loan Trust, Ser 2019-NQM4, Cl A1
2.492%, 09/25/2059 (B)(C)		833		833
Nomura Asset Acceptance Alternative Loan Trust, Ser 2007-1, Cl 1A3
5.957%, 03/25/2047		97		102

  SEI Institutional Managed Trust / Annual Report / September 30, 2019   107

SCHEDULE OF INVESTMENTS

September 30, 2019

Core Fixed Income Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MORTGAGE-BACKED SECURITIES (continued)
Nomura Asset Acceptance Alternative Loan Trust, Ser 2007-1, Cl 1A4
6.138%, 03/25/2047	$	80	$	84
OBX Trust, Ser 2018-1, Cl A2
2.668%, VAR ICE LIBOR USD 1 Month+0.650%, 06/25/2057 (C)		442		440
OBX Trust, Ser 2019-EXP1, Cl 1A3
4.000%, 01/25/2059 (B)(C)		813		829
OBX Trust, Ser 2019-INV1, Cl A8
4.000%, 11/25/2048 (B)(C)		1,335		1,370
One Bryant Park Trust, Ser 2019-OBP, Cl A
2.516%, 09/13/2049 (C)		1,570		1,578
Prime Mortgage Trust, Ser 2004-CL1, Cl 1, PO
0.000%, 02/25/2034 (A)		5		4
Prime Mortgage Trust, Ser 2004-CL1, Cl 1A1
6.000%, 02/25/2034		19		20
Prime Mortgage Trust, Ser 2006-DR1, Cl 2A1
5.500%, 05/25/2035 (C)		1,053		918
Radnor RE, Ser 2018-1, Cl M2
4.718%, VAR ICE LIBOR USD 1 Month+2.700%, 03/25/2028 (C)		7,270		7,307
RAMP Trust, Ser 2004-SL1, Cl A8
6.500%, 11/25/2031		234		246
RBSCF Trust, Ser 2013-GSP, Cl A
3.961%, 01/15/2032 (B)(C)		920		974
Residential Asset Securitization Trust, Ser 2004-IP2, Cl 2A1
4.417%, 12/25/2034 (B)		376		381
Rosslyn Portfolio Trust, Ser 2017-R17, Cl A
2.978%, VAR ICE LIBOR USD 1 Month+0.950%, 06/15/2033 (C)		330		330
Seasoned Credit Risk Transfer Trust, Ser 2016-1, Cl M2
3.750%, 09/25/2055 (B)(C)		2,960		2,783
SFAVE Commercial Mortgage Securities Trust, Ser 2015-5AVE, Cl A1
3.872%, 01/05/2043 (B)(C)		390		420
Silverstone Master Issuer, Ser 2018-1A, Cl 1A
2.668%, VAR ICE LIBOR USD 3 Month+0.390%, 01/21/2070 (C)		237		236
Structured Asset Mortgage Investments II Trust, Ser 2007-AR3, Cl 2A1
2.208%, VAR ICE LIBOR USD 1 Month+0.190%, 09/25/2047		5,242		5,187
Structured Asset Securities Mortgage Pass-Through Certificates, Ser 2003-24A, Cl 3A2
4.635%, 07/25/2033 (B)		66		68
Structured Asset Securities Mortgage Pass-Through Certificates, Ser 2003-37A, Cl 2A
4.449%, 12/25/2033 (B)		20		21

Description		Face Amount (Thousands)		Market Value ($ Thousands)
MORTGAGE-BACKED SECURITIES (continued)
Towd Point Mortgage Funding, Ser 2016- V1A, Cl A1
1.961%, VAR ICE LIBOR GBP 3 Month+1.200%, 02/20/2054 (C)	GBP		501	$	618
UBS-Barclays Commercial Mortgage Trust, Ser 2012-C4, Cl D
4.630%, 12/10/2045 (B)(C)		$	670		664
Verus Securitization Trust, Ser 2019-1, Cl A1
3.836%, 02/25/2059 (B)(C)			484		490
Verus Securitization Trust, Ser 2019-2, Cl A1
3.211%, 04/25/2059 (B)(C)			2,050		2,062
Verus Securitization Trust, Ser 2019-3, Cl A1
2.784%, 07/25/2059 (C)			2,042		2,042
Verus Securitization Trust, Ser 2019-INV1, Cl A1
3.402%, 12/25/2059 (B)(C)			758		764
Verus Securitization Trust, Ser 2019-INV2, Cl A1
2.913%, 07/25/2059 (B)(C)			927		930
Visio Trust, Ser 2019-1, Cl A1
3.572%, 06/25/2054 (B)(C)			455		460
VNDO Mortgage Trust, Ser 2012-6AVE, Cl C
3.448%, 11/15/2030 (B)(C)			987		1,011
VNO Mortgage Trust, Ser 2012-6AVE, Cl A
2.996%, 11/15/2030 (C)			1,210		1,238
VNO Mortgage Trust, Ser 2013-PENN, Cl A
3.808%, 12/13/2029 (C)			1,335		1,353
WaMu Mortgage Pass-Through Certificates, Ser 2003-AR10, Cl A7
4.416%, 10/25/2033 (B)			46		47
WaMu Mortgage Pass-Through Certificates, Ser 2003-AR7, Cl A7
4.402%, 08/25/2033 (B)			23		24
WaMu Mortgage Pass-Through Certificates, Ser 2003-AR9, Cl 1A6
4.319%, 09/25/2033 (B)			42		44
WaMu Mortgage Pass-Through Certificates, Ser 2003-S4, Cl 2A10
11.912%, VAR ICE LIBOR USD 1 Month+17.463%, 06/25/2033			7		9
WaMu Mortgage Pass-Through Certificates, Ser 2003-S9, Cl A8
5.250%, 10/25/2033			103		107
WaMu Mortgage Pass-Through Certificates, Ser 2004-AR3, Cl A2
4.499%, 06/25/2034 (B)			28		29
WaMu Mortgage Pass-Through Certificates, Ser 2004-RA4, Cl 3A
7.500%, 07/25/2034			92		99
WaMu Mortgage Pass-Through Certificates, Ser 2005-AR13, Cl A1A3
2.798%, VAR ICE LIBOR USD 1 Month+0.780%, 10/25/2045			399		424

  108   SEI Institutional Managed Trust / Annual Report / September 30, 2019

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MORTGAGE-BACKED SECURITIES (continued)
WaMu Mortgage Pass-Through Certificates, Ser 2005-AR15, Cl A1A1
2.278%, VAR ICE LIBOR USD 1 Month+0.260%, 11/25/2045	$	4,424	$	4,476
WaMu Mortgage Pass-Through Certificates, Ser 2007-OA1, Cl A1A
3.146%, VAR 12 Month Treas Avg+0.700%, 02/25/2047		1,831		1,772
Washington Mutual Mortgage Pass-Through Certificates Trust, Ser 2007-OA2, Cl 2A
3.146%, VAR 12 Month Treas Avg+0.700%, 01/25/2047		1,050		883
Waterfall Commercial Mortgage Trust, Ser 2015-SBC5, Cl A
4.104%, 09/14/2022 (B)(C)		406		418
Wells Fargo Commercial Mortgage Trust, Ser 2012-LC5, Cl C
4.693%, 10/15/2045 (B)		780		821
Wells Fargo Commercial Mortgage Trust, Ser 2013-LC12, Cl B
4.420%, 07/15/2046 (B)		20		21
Wells Fargo Commercial Mortgage Trust, Ser 2014-LC18, Cl A5
3.405%, 12/15/2047		570		601
Wells Fargo Commercial Mortgage Trust, Ser 2016-C36, Cl XA, IO
1.460%, 11/15/2059 (B)		5,533		382
Wells Fargo Mortgage Backed Securities Trust, Ser 2005-AR7, Cl B1
5.092%, 05/25/2035 (B)		2,193		2,225
Wells Fargo Mortgage-Backed Securities Trust, Ser 2004-EE, Cl 2A1
4.945%, 12/25/2034 (B)		26		27
Wells Fargo Mortgage-Backed Securities Trust, Ser 2004-H, Cl A1
4.995%, 06/25/2034 (B)		259		267
Wells Fargo Mortgage-Backed Securities Trust, Ser 2004-I, Cl 1A1
4.849%, 07/25/2034 (B)		52		55
Wells Fargo Mortgage-Backed Securities Trust, Ser 2005-AR8, Cl 2A1
4.992%, 06/25/2035 (B)		31		31
Wells Fargo Mortgage-Backed Securities Trust, Ser 2015-5R, Cl 2A1
4.255%, 03/26/2035 (B)(C)		162		164
WFRBS Commercial Mortgage Trust, Ser 2012-C7, Cl XA, IO
1.509%, 06/15/2045 (B)(C)		621		17
WFRBS Commercial Mortgage Trust, Ser 2013-C13, Cl XA, IO
1.336%, 05/15/2045 (B)(C)		868		31

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MORTGAGE-BACKED SECURITIES (continued)
WFRBS Commercial Mortgage Trust, Ser 2014-C19, Cl B
4.723%, 03/15/2047 (B)	$	110	$	119
WFRBS Commercial Mortgage Trust, Ser 2014-C21, Cl B
4.213%, 08/15/2047 (B)		300		317
				205,840
Total Mortgage-Backed Securities (Cost $1,690,866) ($ Thousands)				1,702,202
CORPORATE OBLIGATIONS — 29.2%
Communication Services — 2.4%
Altice France
7.375%, 05/01/2026 (C)		620		665
America Movil
5.000%, 03/30/2020		250		253
AT&T
6.500%, 09/01/2037		1,335		1,726
6.000%, 08/15/2040		1,770		2,207
5.700%, 03/01/2057		200		251
5.450%, 03/01/2047 (D)		243		294
5.375%, 10/15/2041		571		669
5.350%, 12/15/2043 (D)		209		246
5.250%, 03/01/2037		2,575		3,030
5.150%, 03/15/2042		25		29
5.150%, 02/15/2050		418		490
4.850%, 03/01/2039		1,086		1,231
4.800%, 06/15/2044		2,870		3,175
4.350%, 03/01/2029		187		206
4.350%, 06/15/2045		800		841
4.300%, 02/15/2030		1,174		1,292
3.950%, 01/15/2025 (D)		300		320
3.875%, 08/15/2021 (D)		70		72
3.800%, 02/15/2027		1,491		1,578
3.550%, 06/01/2024		1,270		1,328
3.400%, 05/15/2025 (D)		3,524		3,677
3.000%, 06/30/2022		180		184
CBS
3.700%, 08/15/2024		810		847
3.700%, 06/01/2028		300		313
3.375%, 02/15/2028		700		714
Charter Communications Operating
6.834%, 10/23/2055		70		88
6.484%, 10/23/2045		660		803
6.384%, 10/23/2035		850		1,029
5.750%, 04/01/2048		227		259
5.375%, 04/01/2038		723		808
5.375%, 05/01/2047 (D)		681		742
4.908%, 07/23/2025		3,740		4,103
4.464%, 07/23/2022		329		346

  SEI Institutional Managed Trust / Annual Report / September 30, 2019   109

SCHEDULE OF INVESTMENTS

September 30, 2019

Core Fixed Income Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
4.200%, 03/15/2028	$	763	$	802
3.750%, 02/15/2028		340		349
3.579%, 07/23/2020		400		404
Comcast
7.050%, 03/15/2033		90		130
6.500%, 11/15/2035		480		672
4.950%, 10/15/2058		255		324
4.700%, 10/15/2048		172		211
4.600%, 10/15/2038		4,527		5,408
4.400%, 08/15/2035		1,770		2,062
4.250%, 10/15/2030		560		637
4.200%, 08/15/2034 (D)		220		251
4.150%, 10/15/2028		2,563		2,875
4.000%, 03/01/2048		511		565
3.999%, 11/01/2049		199		221
3.969%, 11/01/2047		78		86
3.950%, 10/15/2025		609		663
3.700%, 04/15/2024		1,543		1,645
3.450%, 10/01/2021		845		870
3.300%, 10/01/2020		1,908		1,934
3.150%, 03/01/2026 (D)		160		168
Comcast Cable Communications Holdings
9.455%, 11/15/2022 (D)		180		220
Comcast Cable Holdings
10.125%, 04/15/2022		45		53
Discovery Communications
5.300%, 05/15/2049		618		683
4.125%, 05/15/2029		471		496
DISH DBS
7.750%, 07/01/2026		130		132
5.875%, 11/15/2024 (D)		700		694
Fox
5.576%, 01/25/2049 (C)		383		485
5.476%, 01/25/2039 (C)		520		637
4.709%, 01/25/2029 (C)		319		364
4.030%, 01/25/2024 (C)		358		381
Myriad International Holdings BV
4.850%, 07/06/2027 (C)		550		607
NBCUniversal Media
5.950%, 04/01/2041		305		420
4.375%, 04/01/2021		270		279
Netflix
5.375%, 02/01/2021		120		124
Sky
3.750%, 09/16/2024 (C)		1,090		1,166
Sprint
7.875%, 09/15/2023		340		374
7.250%, 09/15/2021		340		363
Sprint Capital
8.750%, 03/15/2032 (D)		190		234
Sprint Spectrum
4.738%, 03/20/2025 (C)		4,010		4,263

Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
3.360%, 09/20/2021 (C)	$	3,560	$	3,573
Telefonica Emisiones
5.520%, 03/01/2049		541		659
5.462%, 02/16/2021		23		24
5.213%, 03/08/2047		150		174
5.134%, 04/27/2020		662		673
Verizon Communications
6.000%, 04/01/2041		690		926
5.500%, 03/16/2047		386		509
5.250%, 03/16/2037		1,930		2,389
5.012%, 04/15/2049		167		210
4.862%, 08/21/2046		1,110		1,356
4.672%, 03/15/2055		91		109
4.522%, 09/15/2048		602		712
4.500%, 08/10/2033		620		720
4.400%, 11/01/2034		3,271		3,742
4.329%, 09/21/2028		1,695		1,922
4.272%, 01/15/2036		1,249		1,404
4.125%, 08/15/2046		864		963
4.016%, 12/03/2029		1,084		1,205
3.875%, 02/08/2029 (D)		210		230
3.850%, 11/01/2042		550		587
3.500%, 11/01/2024		120		127
3.376%, 02/15/2025 (D)		218		230
2.625%, 08/15/2026 (D)		1,000		1,013
Viacom
5.850%, 09/01/2043		284		348
4.250%, 09/01/2023 (D)		130		138
3.875%, 04/01/2024		130		137
Vodafone Group
5.250%, 05/30/2048 (D)		1,750		2,029
4.875%, 06/19/2049		1,544		1,719
4.375%, 05/30/2028		890		983
4.250%, 09/17/2050		1,307		1,331
Walt Disney
6.650%, 11/15/2037 (C)		235		353
6.200%, 12/15/2034 (C)		65		92
4.950%, 10/15/2045 (C)		326		437
2.750%, 09/01/2049		273		262
2.000%, 09/01/2029		682		664
1.750%, 08/30/2024		3,084		3,054
				101,072
Consumer Discretionary — 1.3%
1011778 BC ULC / New Red Finance
4.250%, 05/15/2024 (C)		180		185
Amazon.com
5.200%, 12/03/2025		570		670
4.950%, 12/05/2044		500		662
4.050%, 08/22/2047		380		457
3.875%, 08/22/2037		300		345
3.150%, 08/22/2027 (D)		680		722

  110   SEI Institutional Managed Trust / Annual Report / September 30, 2019

Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
2.800%, 08/22/2024	$	245	$	255
American Honda Finance MTN
2.050%, 01/10/2023		980		979
BMW US Capital
3.100%, 04/12/2021 (C)		780		792
1.850%, 09/15/2021 (C)		100		100
Cox Communications
4.800%, 02/01/2035 (C)		890		968
3.250%, 12/15/2022 (C)		540		555
Daimler Finance North America
3.350%, 05/04/2021 (C)(D)		1,415		1,438
2.700%, 06/14/2024 (C)		595		597
2.300%, 01/06/2020 (C)		1,520		1,520
Expedia Group
3.250%, 02/15/2030 (C)		805		803
Fiat Chrysler Automobiles
4.500%, 04/15/2020		200		201
Ford Motor
5.291%, 12/08/2046		99		91
4.750%, 01/15/2043		1,344		1,168
Ford Motor Credit
8.125%, 01/15/2020		1,450		1,474
5.596%, 01/07/2022 (D)		3,740		3,929
4.542%, 08/01/2026		518		518
4.250%, 09/20/2022		1,000		1,024
3.815%, 11/02/2027		261		247
3.813%, 10/12/2021		190		193
3.810%, 01/09/2024		300		299
3.339%, 03/28/2022		1,035		1,036
3.220%, VAR ICE LIBOR USD 3 Month+0.880%, 10/12/2021		1,040		1,022
2.343%, 11/02/2020		2,770		2,754
General Motors
6.600%, 04/01/2036		670		768
6.250%, 10/02/2043		260		285
5.950%, 04/01/2049		968		1,037
5.400%, 04/01/2048		80		80
5.150%, 04/01/2038		240		242
4.875%, 10/02/2023 (D)		1,995		2,140
3.009%, VAR ICE LIBOR USD 3 Month+0.800%, 08/07/2020		1,000		1,002
General Motors Financial
4.375%, 09/25/2021		180		186
4.350%, 01/17/2027		110		113
4.250%, 05/15/2023		110		115
4.150%, 06/19/2023 (D)		83		86
3.450%, 04/10/2022		120		122
3.200%, 07/13/2020		118		119
2.450%, 11/06/2020		210		210
Hanesbrands
4.875%, 05/15/2026 (C)(D)		210		222
4.625%, 05/15/2024 (C)(D)		30		31

Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
Hilton Domestic Operating
5.125%, 05/01/2026	$	100	$	105
Hilton Worldwide Finance
4.875%, 04/01/2027		370		390
4.625%, 04/01/2025		20		21
Home Depot
4.500%, 12/06/2048		848		1,059
4.250%, 04/01/2046		48		58
3.750%, 02/15/2024 (D)		66		71
Kohl’s
5.550%, 07/17/2045		910		936
Las Vegas Sands
3.200%, 08/08/2024 (D)		2,340		2,383
Lennar
5.000%, 06/15/2027		30		32
4.750%, 11/29/2027		460		494
4.500%, 04/30/2024		170		179
Lowe’s
3.650%, 04/05/2029		2,402		2,568
McDonald’s MTN
4.875%, 12/09/2045		260		314
4.450%, 03/01/2047		240		276
4.450%, 09/01/2048		475		549
3.800%, 04/01/2028 (D)		1,355		1,485
3.700%, 01/30/2026 (D)		140		150
3.625%, 09/01/2049		508		513
3.500%, 03/01/2027		400		428
2.625%, 09/01/2029		1,039		1,034
Newell Brands
4.200%, 04/01/2026		110		115
3.850%, 04/01/2023 (D)		278		286
NVR
3.950%, 09/15/2022		700		730
QVC
5.950%, 03/15/2043		30		30
4.375%, 03/15/2023		645		668
Sands China
5.400%, 08/08/2028		320		360
5.125%, 08/08/2025 (D)		650		714
4.600%, 08/08/2023 (D)		610		646
Starbucks
4.500%, 11/15/2048		271		315
4.450%, 08/15/2049		360		417
3.800%, 08/15/2025		36		39
3.750%, 12/01/2047		291		300
Time Warner Cable
7.300%, 07/01/2038		530		670
6.550%, 05/01/2037		377		453
5.875%, 11/15/2040		130		145
5.500%, 09/01/2041		1,044		1,124
5.000%, 02/01/2020		320		323

  SEI Institutional Managed Trust / Annual Report / September 30, 2019   111

SCHEDULE OF INVESTMENTS

September 30, 2019

Core Fixed Income Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
Time Warner Entertainment
8.375%, 07/15/2033	$	270	$	373
Toll Brothers Finance
4.375%, 04/15/2023		120		126
Toyota Motor Credit MTN
2.600%, 01/11/2022		1,205		1,224
VOC Escrow
5.000%, 02/15/2028 (C)		380		392
Volkswagen Group of America Finance
2.700%, 09/26/2022 (C)		805		809
Warner Media
3.550%, 06/01/2024		480		493
				55,559
Consumer Staples — 2.4%
Alimentation Couche-Tard
3.550%, 07/26/2027 (C)		650		676
Altria Group
6.200%, 02/14/2059		190		223
5.950%, 02/14/2049		667		784
5.800%, 02/14/2039		630		730
4.800%, 02/14/2029		1,743		1,909
4.750%, 05/05/2021		200		208
4.400%, 02/14/2026		2,435		2,604
3.875%, 09/16/2046		294		269
3.800%, 02/14/2024 (D)		290		303
3.490%, 02/14/2022 (D)		260		267
2.850%, 08/09/2022		190		192
Anheuser-Busch
4.900%, 02/01/2046		5,547		6,619
4.700%, 02/01/2036		345		399
3.650%, 02/01/2026 (D)		1,836		1,967
Anheuser-Busch InBev Finance
3.300%, 02/01/2023		740		768
2.650%, 02/01/2021		274		277
Anheuser-Busch InBev Worldwide
5.800%, 01/23/2059		1,060		1,431
5.550%, 01/23/2049		1,325		1,734
5.450%, 01/23/2039		1,375		1,738
4.900%, 01/23/2031 (D)		599		712
4.750%, 01/23/2029		770		895
4.600%, 04/15/2048		1,076		1,241
4.150%, 01/23/2025		2,573		2,810
4.000%, 04/13/2028 (D)		680		750
3.750%, 07/15/2042		230		238
2.500%, 07/15/2022		630		639
Bacardi
4.700%, 05/15/2028 (C)(D)		1,190		1,300
BAT Capital
4.758%, 09/06/2049		1,260		1,237
4.540%, 08/15/2047		1,718		1,647
4.390%, 08/15/2037		71		69

Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
3.557%, 08/15/2027	$	1,700	$	1,712
3.462%, 09/06/2029		367		359
3.222%, 08/15/2024		699		707
3.215%, 09/06/2026		1,300		1,284
2.764%, 08/15/2022		164		165
Campbell Soup
3.300%, 03/15/2021		625		634
2.619%, VAR ICE LIBOR USD 3 Month+0.500%, 03/16/2020		1,000		1,000
Coca-Cola
2.125%, 09/06/2029		558		547
1.750%, 09/06/2024		930		921
Conagra Brands
5.300%, 11/01/2038		325		375
Constellation Brands
4.400%, 11/15/2025		467		516
3.700%, 12/06/2026		285		302
3.600%, 02/15/2028		534		564
3.500%, 05/09/2027		243		254
3.200%, 02/15/2023		169		174
3.150%, 08/01/2029		944		962
Costco Wholesale
3.000%, 05/18/2027 (D)		1,435		1,521
2.750%, 05/18/2024 (D)		1,055		1,093
Danone
2.947%, 11/02/2026 (C)		2,902		2,970
2.589%, 11/02/2023 (C)		1,645		1,668
2.077%, 11/02/2021 (C)		230		230
Diageo Capital
4.828%, 07/15/2020		1,450		1,482
Diageo Investment
2.875%, 05/11/2022		580		593
Keurig Dr Pepper
4.417%, 05/25/2025		280		305
Kraft Heinz Foods
7.125%, 08/01/2039 (C)		189		239
6.500%, 02/09/2040		265		314
5.200%, 07/15/2045		810		852
5.000%, 06/04/2042		830		856
4.875%, 02/15/2025 (C)		1,203		1,238
4.875%, 10/01/2049 (C)		1,705		1,722
4.625%, 01/30/2029 (D)		1,485		1,606
4.375%, 06/01/2046		2,360		2,253
3.950%, 07/15/2025		1,030		1,078
3.750%, 04/01/2030 (C)		645		651
3.000%, 06/01/2026		1,410		1,395
2.800%, 07/02/2020		1,024		1,026
Kroger
5.400%, 01/15/2049 (D)		1,185		1,403
Lamb Weston Holdings
4.625%, 11/01/2024 (C)(D)		70		74

  112   SEI Institutional Managed Trust / Annual Report / September 30, 2019

Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
Land O’ Lakes
6.000%, 11/15/2022 (C)(D)	$	1,020	$	1,081
Mars
3.200%, 04/01/2030 (C)		210		222
2.700%, 04/01/2025 (C)		370		380
Molson Coors Brewing
3.500%, 05/01/2022		100		103
Mondelez International Holdings Netherlands BV
2.000%, 10/28/2021 (C)		2,970		2,963
Nestle Holdings
3.500%, 09/24/2025 (C)		450		483
3.350%, 09/24/2023 (C)		440		462
PepsiCo
4.250%, 10/22/2044		100		119
4.000%, 03/05/2042		160		184
3.100%, 07/17/2022		59		61
3.000%, 08/25/2021		31		32
Pernod Ricard
4.450%, 01/15/2022 (C)		550		577
Philip Morris International
4.500%, 03/20/2042		130		144
2.900%, 11/15/2021		370		376
2.875%, 05/01/2024		2,020		2,072
2.500%, 08/22/2022		590		596
2.500%, 11/02/2022		680		686
2.000%, 02/21/2020		685		685
1.875%, 11/01/2019		560		560
Reckitt Benckiser Treasury Services
2.750%, 06/26/2024 (C)		1,860		1,894
Reynolds American
8.125%, 05/01/2040		570		761
5.850%, 08/15/2045		3,024		3,346
3.250%, 06/12/2020		216		217
Sysco
3.550%, 03/15/2025		1,055		1,118
Unilever Capital
2.600%, 05/05/2024		920		944
Walgreens Boots Alliance
4.800%, 11/18/2044		1,100		1,162
3.450%, 06/01/2026		1,590		1,642
3.300%, 11/18/2021		912		933
Walmart
4.050%, 06/29/2048		172		207
3.950%, 06/28/2038		887		1,039
3.700%, 06/26/2028		2,957		3,277
3.550%, 06/26/2025		883		953
3.400%, 06/26/2023 (D)		223		235
3.300%, 04/22/2024		60		63
3.250%, 07/08/2029		454		490
3.050%, 07/08/2026		610		646
2.950%, 09/24/2049		597		601

Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
2.375%, 09/24/2029	$	821	$	827
Wm Wrigley Jr
2.900%, 10/21/2019 (C)		670		670
				102,492
Energy — 3.3%
Apache
5.250%, 02/01/2042		50		51
5.100%, 09/01/2040		285		284
4.750%, 04/15/2043		300		287
4.375%, 10/15/2028 (D)		310		317
4.250%, 01/15/2044		890		793
3.250%, 04/15/2022 (D)		86		88
BG Energy Capital
4.000%, 10/15/2021 (C)		1,485		1,539
Blue Racer Midstream
6.125%, 11/15/2022 (C)		230		231
BP Capital Markets
3.561%, 11/01/2021		50		51
3.535%, 11/04/2024		100		106
3.506%, 03/17/2025		520		552
BP Capital Markets America
3.937%, 09/21/2028		1,577		1,748
3.796%, 09/21/2025		676		729
3.410%, 02/11/2026 (D)		2,037		2,150
3.245%, 05/06/2022		250		257
3.216%, 11/28/2023		2,075		2,155
3.119%, 05/04/2026		230		240
Canadian Natural Resources
6.450%, 06/30/2033		50		65
Cenovus Energy
6.750%, 11/15/2039		795		972
4.250%, 04/15/2027 (D)		1,260		1,310
Cheniere Corpus Christi Holdings
5.125%, 06/30/2027 (D)		200		219
Chevron
3.191%, 06/24/2023		22		23
2.895%, 03/03/2024		2,055		2,132
2.355%, 12/05/2022 (D)		15		15
Cimarex Energy
4.375%, 06/01/2024		210		221
4.375%, 03/15/2029		1,104		1,162
3.900%, 05/15/2027		450		458
CNOOC Finance 2015 USA
4.375%, 05/02/2028		360		400
CNOOC Nexen Finance
4.250%, 04/30/2024		200		214
3.500%, 05/05/2025		780		813
Concho Resources
4.375%, 01/15/2025		170		176
4.300%, 08/15/2028		610		657
3.750%, 10/01/2027		430		447

  SEI Institutional Managed Trust / Annual Report / September 30, 2019   113

SCHEDULE OF INVESTMENTS

September 30, 2019

Core Fixed Income Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
Conoco Funding
7.250%, 10/15/2031	$	180	$	254
ConocoPhillips
5.900%, 10/15/2032		10		13
5.900%, 05/15/2038		420		570
4.150%, 11/15/2034		280		308
Continental Resources
4.500%, 04/15/2023		250		260
4.375%, 01/15/2028		310		320
3.800%, 06/01/2024 (D)		250		255
Devon Energy
5.600%, 07/15/2041		1,045		1,268
5.000%, 06/15/2045		902		1,043
4.750%, 05/15/2042		37		41
Devon Financing LLC
7.875%, 09/30/2031		660		938
Diamondback Energy
5.375%, 05/31/2025 (D)		110		115
Ecopetrol
5.875%, 05/28/2045		1,565		1,825
4.125%, 01/16/2025		203		214
Enbridge
2.900%, 07/15/2022		722		736
Encana
6.625%, 08/15/2037		315		384
6.500%, 02/01/2038		348		419
Energy Transfer Operating
8.250%, 11/15/2029		1,990		2,562
6.500%, 02/01/2042		45		54
6.250%, 04/15/2049		50		61
6.125%, 12/15/2045		176		206
5.875%, 01/15/2024		1,002		1,114
5.500%, 06/01/2027		546		618
5.250%, 04/15/2029		1,334		1,506
5.150%, 03/15/2045 (D)		14		15
4.950%, 06/15/2028		110		121
4.500%, 04/15/2024		605		645
Energy Transfer Partners
4.500%, 11/01/2023		690		731
Eni
4.000%, 09/12/2023 (C)		1,940		2,054
Enterprise Products Operating
5.700%, 02/15/2042		40		50
4.800%, 02/01/2049		104		121
4.200%, 01/31/2050		2,287		2,446
4.150%, 10/16/2028		730		808
3.125%, 07/31/2029		1,129		1,156
EOG Resources
4.150%, 01/15/2026		320		354
EQM Midstream Partners
5.500%, 07/15/2028		80		80

Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
Equinor
3.700%, 03/01/2024	$	565	$	605
Exxon Mobil
4.114%, 03/01/2046		533		631
3.043%, 03/01/2026		660		692
2.397%, 03/06/2022		100		102
Halliburton
5.000%, 11/15/2045		80		89
4.850%, 11/15/2035		60		66
3.800%, 11/15/2025 (D)		730		773
3.500%, 08/01/2023		50		52
Hess
7.125%, 03/15/2033		123		154
6.000%, 01/15/2040		1,381		1,600
5.800%, 04/01/2047		1,262		1,452
3.500%, 07/15/2024		148		151
KazMunayGas National JSC
5.750%, 04/19/2047 (C)		340		399
Kinder Morgan
5.550%, 06/01/2045		296		349
5.300%, 12/01/2034		500		574
5.200%, 03/01/2048		680		784
5.000%, 02/15/2021 (C)		1,038		1,072
4.300%, 06/01/2025		150		162
3.150%, 01/15/2023		193		198
Kinder Morgan Energy Partners
7.300%, 08/15/2033		53		71
5.500%, 03/01/2044		611		705
3.500%, 03/01/2021		190		193
Kinder Morgan Energy Partners MTN
6.950%, 01/15/2038		169		221
Marathon Oil
6.600%, 10/01/2037		90		114
Marathon Petroleum
3.625%, 09/15/2024		511		535
MPLX
5.500%, 02/15/2049		845		980
5.200%, 12/01/2047 (C)		485		529
4.875%, 12/01/2024		320		351
4.800%, 02/15/2029		330		364
4.700%, 04/15/2048		430		449
4.500%, 04/15/2038		520		539
3.500%, 12/01/2022 (C)		391		402
National Oilwell Varco
2.600%, 12/01/2022		1,255		1,262
Noble Energy
5.250%, 11/15/2043		260		290
5.050%, 11/15/2044		516		563
4.950%, 08/15/2047		748		816
4.200%, 10/15/2049		260		256
4.150%, 12/15/2021		920		956
3.250%, 10/15/2029		557		551

  114   SEI Institutional Managed Trust / Annual Report / September 30, 2019

Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
Northwest Pipeline
4.000%, 04/01/2027	$	219	$	231
Oasis Petroleum
6.875%, 03/15/2022 (D)		40		37
6.875%, 01/15/2023		40		37
Occidental Petroleum
7.875%, 09/15/2031		610		824
7.500%, 05/01/2031		1,047		1,371
6.950%, 07/01/2024		298		350
6.600%, 03/15/2046		541		706
6.450%, 09/15/2036		595		736
5.550%, 03/15/2026		220		248
4.850%, 03/15/2021		533		551
4.625%, 06/15/2045		280		290
4.500%, 07/15/2044		525		535
4.400%, 04/15/2046		140		143
4.200%, 03/15/2048 (D)		170		168
4.100%, 02/15/2047		580		565
3.500%, 06/15/2025		45		46
3.500%, 08/15/2029 (D)		982		996
3.400%, 04/15/2026		270		274
3.200%, 08/15/2026		225		227
3.125%, 02/15/2022		330		335
3.000%, 02/15/2027 (D)		350		347
2.900%, 08/15/2024 (D)		1,195		1,204
2.700%, 08/15/2022 (D)		460		464
2.700%, 02/15/2023 (D)		129		130
2.600%, 08/13/2021		320		322
Pertamina Persero
6.000%, 05/03/2042 (C)		300		364
Petrobras Global Finance BV
7.375%, 01/17/2027		310		374
6.900%, 03/19/2049		1,550		1,778
6.850%, 06/05/2115		820		938
6.250%, 03/17/2024		1,394		1,566
6.125%, 01/17/2022		45		48
5.750%, 02/01/2029 (D)		300		331
5.299%, 01/27/2025		1,278		1,395
Petroleos Mexicanos
7.690%, 01/23/2050 (C)(D)		1,040		1,084
6.625%, 06/15/2035		1,797		1,756
6.500%, 03/13/2027		135		140
6.500%, 01/23/2029 (C)		2,440		2,481
6.490%, 01/23/2027 (C)		213		222
6.375%, 01/23/2045		990		918
6.350%, 02/12/2048 (C)		1,807		1,660
5.625%, 01/23/2046 (D)		480		409
5.500%, 06/27/2044		120		103
5.350%, 02/12/2028 (C)		585		559
4.875%, 01/18/2024		32		33
2.460%, 12/15/2025		1,199		1,218
2.378%, 04/15/2025		609		616

Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
Petroleos Mexicanos MTN
6.875%, 08/04/2026 (D)	$	120	$	129
6.750%, 09/21/2047		3,729		3,579
Plains All American Pipeline
4.900%, 02/15/2045		637		641
4.650%, 10/15/2025		1,485		1,587
3.550%, 12/15/2029		1,253		1,225
2.850%, 01/31/2023		250		250
QEP Resources
6.875%, 03/01/2021		130		129
Range Resources
5.875%, 07/01/2022		10		10
5.000%, 03/15/2023 (D)		340		298
4.875%, 05/15/2025 (D)		70		58
Rockies Express Pipeline
6.875%, 04/15/2040 (C)		830		903
4.950%, 07/15/2029 (C)		2,235		2,224
Ruby Pipeline
6.000%, 04/01/2022 (C)(D)		1,286		1,332
Sabine Pass Liquefaction
5.750%, 05/15/2024		2,280		2,541
5.625%, 03/01/2025		1,200		1,347
5.000%, 03/15/2027		570		628
Saudi Arabian Oil MTN
2.875%, 04/16/2024 (C)		970		981
Schlumberger Finance Canada
2.650%, 11/20/2022 (C)		1,010		1,026
Schlumberger Holdings
3.900%, 05/17/2028 (C)		475		503
Schlumberger Investment
3.650%, 12/01/2023		61		64
3.300%, 09/14/2021 (C)		47		48
Shell International Finance BV
4.550%, 08/12/2043		280		344
4.375%, 03/25/2020		830		839
4.375%, 05/11/2045		470		568
4.125%, 05/11/2035 (D)		1,761		2,035
2.875%, 05/10/2026 (D)		900		937
2.125%, 05/11/2020		56		56
Sinopec Group Overseas Development
4.375%, 04/10/2024 (C)		1,240		1,337
Southern Natural Gas LLC
8.000%, 03/01/2032		170		239
Spectra Energy Partners
5.950%, 09/25/2043		30		38
3.500%, 03/15/2025		815		847
3.375%, 10/15/2026		343		355
Sunoco Logistics Partners Operations
5.400%, 10/01/2047		810		884
5.300%, 04/01/2044		625		660
3.900%, 07/15/2026		750		777

  SEI Institutional Managed Trust / Annual Report / September 30, 2019   115

SCHEDULE OF INVESTMENTS

September 30, 2019

Core Fixed Income Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
TC PipeLines
3.900%, 05/25/2027	$	2,400	$	2,502
Tennessee Gas Pipeline LLC
8.375%, 06/15/2032		2,278		3,154
Total Capital International
2.829%, 01/10/2030		1,128		1,159
2.434%, 01/10/2025		1,367		1,382
TransCanada PipeLines
4.625%, 03/01/2034		1,185		1,346
Transcontinental Gas Pipe Line
7.850%, 02/01/2026		60		76
Western Midstream Operating
5.500%, 08/15/2048		408		363
5.375%, 06/01/2021		25		26
5.300%, 03/01/2048		162		141
4.650%, 07/01/2026 (D)		40		40
4.000%, 07/01/2022 (D)		35		35
Williams
7.875%, 09/01/2021		735		809
7.750%, 06/15/2031		841		1,115
7.500%, 01/15/2031 (D)		100		131
5.750%, 06/24/2044		51		59
5.400%, 03/04/2044		84		94
5.250%, 03/15/2020		230		233
4.500%, 11/15/2023		45		48
3.900%, 01/15/2025		996		1,043
3.750%, 06/15/2027		124		128
WPX Energy
8.250%, 08/01/2023		50		56
6.000%, 01/15/2022		10		10
				137,078
Financials — 8.5%
ABN AMRO Bank
4.750%, 07/28/2025 (C)		360		387
Ambac Assurance
5.100%, 06/07/2020 (C)		8		12
Ambac LSNI
7.104%, VAR ICE LIBOR USD 3 Month+5.000%, 02/12/2023 (C)		36		36
American Express
3.700%, 08/03/2023		381		401
3.400%, 02/27/2023		414		430
2.500%, 08/01/2022		1,825		1,843
American Express Credit MTN
2.375%, 05/26/2020		554		555
American International Group
6.250%, 05/01/2036		100		131
6.250%, VAR ICE LIBOR USD 3 Month+2.056%, 03/15/2037 (D)		1,220		1,299
4.750%, 04/01/2048		130		152
4.500%, 07/16/2044		288		321

Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
4.250%, 03/15/2029	$	340	$	372
4.200%, 04/01/2028 (D)		650		709
4.125%, 02/15/2024 (D)		107		114
3.900%, 04/01/2026		850		906
3.875%, 01/15/2035 (D)		30		31
Aon
6.250%, 09/30/2040		19		26
3.500%, 06/14/2024		65		69
Apollo Management Holdings
5.000%, 03/15/2048 (C)		890		1,012
4.400%, 05/27/2026 (C)		530		567
Athene Global Funding
3.000%, 07/01/2022 (C)		791		805
Athene Holding
4.125%, 01/12/2028		820		843
AXA Equitable Holdings
3.900%, 04/20/2023		770		804
Banco Santander
4.379%, 04/12/2028 (D)		1,000		1,094
3.848%, 04/12/2023		600		625
3.800%, 02/23/2028		400		419
3.460%, VAR ICE LIBOR USD 3 Month+1.120%, 04/12/2023		400		400
3.306%, 06/27/2029 (D)		600		620
2.706%, 06/27/2024		1,400		1,415
Bank of America
6.100%, VAR ICE LIBOR USD 3 Month+3.898%, 09/17/2168		30		33
3.419%, VAR ICE LIBOR USD 3 Month+1.040%, 12/20/2028		2,680		2,799
3.366%, VAR ICE LIBOR USD 3 Month+0.810%, 01/23/2026		858		892
3.004%, VAR ICE LIBOR USD 3 Month+0.790%, 12/20/2023		5,660		5,780
Bank of America MTN
5.000%, 01/21/2044		830		1,053
4.450%, 03/03/2026		847		923
4.330%, VAR ICE LIBOR USD 3 Month+1.520%, 03/15/2050		1,094		1,289
4.271%, VAR ICE LIBOR USD 3 Month+1.310%, 07/23/2029		1,870		2,080
4.244%, VAR ICE LIBOR USD 3 Month+1.814%, 04/24/2038		179		205
4.200%, 08/26/2024 (D)		1,530		1,641
4.125%, 01/22/2024 (D)		290		312
4.100%, 07/24/2023		340		363
4.000%, 04/01/2024		1,309		1,403
4.000%, 01/22/2025		2,033		2,159
3.974%, VAR ICE LIBOR USD 3 Month+1.210%, 02/07/2030		1,900		2,076
3.864%, VAR ICE LIBOR USD 3 Month+0.940%, 07/23/2024		1,751		1,845

  116   SEI Institutional Managed Trust / Annual Report / September 30, 2019

Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
3.824%, VAR ICE LIBOR USD 3 Month+1.575%, 01/20/2028	$	524	$	562
3.593%, VAR ICE LIBOR USD 3 Month+1.370%, 07/21/2028		2,464		2,601
3.559%, VAR ICE LIBOR USD 3 Month+1.060%, 04/23/2027		1,066		1,124
3.550%, VAR ICE LIBOR USD 3 Month+0.780%, 03/05/2024 (D)		860		894
3.500%, 04/19/2026 (D)		780		828
3.499%, VAR ICE LIBOR USD 3 Month+0.630%, 05/17/2022		775		790
3.458%, VAR ICE LIBOR USD 3 Month+0.970%, 03/15/2025		969		1,010
3.300%, 01/11/2023		1,995		2,061
3.194%, VAR ICE LIBOR USD 3 Month+1.180%, 07/23/2030		240		248
3.124%, VAR ICE LIBOR USD 3 Month+1.160%, 01/20/2023 (D)		1,352		1,379
3.093%, VAR ICE LIBOR USD 3 Month+1.090%, 10/01/2025		4,191		4,312
2.328%, VAR ICE LIBOR USD 3 Month+0.630%, 10/01/2021		1,519		1,521
2.250%, 04/21/2020		100		100
Bank of New York Mellon
3.550%, 09/23/2021		34		35
3.400%, 05/15/2024 (D)		1,945		2,046
Bank of New York Mellon MTN
4.600%, 01/15/2020		40		40
3.250%, 09/11/2024		100		105
Bank of Nova Scotia
3.125%, 04/20/2021		1,590		1,616
1.850%, 04/14/2020		160		160
Barclays
5.088%, VAR ICE LIBOR USD 3 Month+3.054%, 06/20/2030		1,940		2,023
3.932%, VAR ICE LIBOR USD 3 Month+1.610%, 05/07/2025		1,107		1,144
Barclays MTN
4.972%, VAR ICE LIBOR USD 3 Month+1.902%, 05/16/2029		1,150		1,262
4.338%, VAR ICE LIBOR USD 3 Month+1.356%, 05/16/2024		973		1,017
BB&T
5.250%, 11/01/2019		200		200
BB&T MTN
3.875%, 03/19/2029		1,050		1,138
3.050%, 06/20/2022		1,181		1,210
2.500%, 08/01/2024		2,055		2,071
2.200%, 03/16/2023		2,530		2,528
BBVA USA
3.875%, 04/10/2025		430		448
Berkshire Hathaway
3.750%, 08/15/2021		450		464

Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
Berkshire Hathaway Finance
4.250%, 01/15/2049	$	870	$	1,030
BGC Partners
5.375%, 07/24/2023		355		379
3.750%, 10/01/2024 (C)		1,015		1,010
BNP Paribas
5.198%, VAR ICE LIBOR USD 3 Month+2.567%, 01/10/2030 (C)(D)		900		1,053
4.705%, VAR ICE LIBOR USD 3 Month+2.235%, 01/10/2025 (C)		1,770		1,913
4.625%, 03/13/2027 (C)		200		217
4.400%, 08/14/2028 (C)		1,691		1,868
3.375%, 01/09/2025 (C)		290		299
BNP Paribas MTN
4.375%, VAR USD Swap Semi 30/360 5 Yr Curr+1.483%, 03/01/2033 (C)(D)		400		422
3.500%, 03/01/2023 (C)		464		479
Boeing Capital
4.700%, 10/27/2019		490		491
BPCE
5.150%, 07/21/2024 (C)		410		449
2.700%, 10/01/2029 (C)		1,056		1,049
Canadian Imperial Bank of Commerce
3.500%, 09/13/2023		1,330		1,399
Cantor Fitzgerald
4.875%, 05/01/2024 (C)		565		596
Capital One Financial
3.300%, 10/30/2024		354		366
Charles Schwab
3.250%, 05/22/2029		1,637		1,727
Chubb INA Holdings
3.350%, 05/03/2026 (D)		200		214
3.150%, 03/15/2025		74		78
2.875%, 11/03/2022 (D)		39		40
2.300%, 11/03/2020		210		211
CIT Group
5.250%, 03/07/2025		140		153
4.750%, 02/16/2024		370		392
Citadel
4.875%, 01/15/2027 (C)		680		695
Citibank
2.844%, VAR ICE LIBOR USD 3 Month+0.596%, 05/20/2022		2,063		2,084
2.736%, VAR ICE LIBOR USD 3 Month+0.600%, 05/20/2022		2,405		2,409
2.100%, 06/12/2020		1,605		1,606
Citigroup
8.125%, 07/15/2039		1,414		2,318
6.675%, 09/13/2043		70		102
6.625%, 06/15/2032		100		131
6.300%, VAR ICE LIBOR USD 3 Month+3.423%, 11/15/2167		410		436

  SEI Institutional Managed Trust / Annual Report / September 30, 2019   117

SCHEDULE OF INVESTMENTS

September 30, 2019

Core Fixed Income Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
5.950%, VAR ICE LIBOR USD 3 Month+3.905%, 11/15/2167	$	1,160	$	1,228
5.950%, VAR ICE LIBOR USD 3 Month+4.068%, 01/30/2023		360		374
5.500%, 09/13/2025		950		1,077
5.300%, 05/06/2044		225		280
4.750%, 05/18/2046		100		117
4.650%, 07/30/2045		903		1,088
4.650%, 07/23/2048		1,235		1,511
4.500%, 01/14/2022		380		399
4.450%, 09/29/2027		1,625		1,773
4.400%, 06/10/2025		1,080		1,162
4.300%, 11/20/2026 (D)		240		259
4.125%, 07/25/2028		210		225
4.075%, VAR ICE LIBOR USD 3 Month+1.192%, 04/23/2029		81		88
4.050%, 07/30/2022		70		73
4.044%, VAR ICE LIBOR USD 3 Month+1.023%, 06/01/2024		856		904
3.980%, VAR ICE LIBOR USD 3 Month+1.338%, 03/20/2030		2,201		2,393
3.878%, VAR ICE LIBOR USD 3 Month+1.168%, 01/24/2039		59		64
3.700%, 01/12/2026		1,500		1,593
3.500%, 05/15/2023		630		653
3.400%, 05/01/2026		260		272
3.352%, VAR ICE LIBOR USD 3 Month+0.897%, 04/24/2025		990		1,026
3.300%, 04/27/2025 (D)		120		125
3.142%, VAR ICE LIBOR USD 3 Month+0.722%, 01/24/2023 (D)		1,935		1,970
CME Group
3.000%, 03/15/2025		51		53
Commonwealth Bank of Australia MTN
5.000%, 10/15/2019 (C)		10		10
3.743%, 09/12/2039 (C)		284		283
3.610%, VAR US Treas Yield Curve Rate T Note Const Mat 5 Yr+2.050%, 09/12/2034 (C)		712		714
Cooperatieve Rabobank UA
5.250%, 08/04/2045		310		389
4.625%, 12/01/2023 (D)		1,630		1,750
4.375%, 08/04/2025		2,150		2,322
Cooperatieve Rabobank UA MTN
4.750%, 01/15/2020 (C)		730		736
3.875%, 02/08/2022		30		31
Credit Agricole
8.375%, VAR ICE LIBOR USD 3 Month+6.982%, 04/13/2168 (C)		1,260		1,262
Credit Agricole MTN
4.000%, VAR USD Swap Semi 30/360 5 Yr Curr+1.644%, 01/10/2033 (C)		250		259

Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
Credit Suisse Group
4.282%, 01/09/2028 (C)	$	895	$	961
4.207%, VAR ICE LIBOR USD 3 Month+1.240%, 06/12/2024 (C)(D)		1,085		1,142
3.869%, VAR ICE LIBOR USD 3 Month+1.410%, 01/12/2029 (C)		250		263
2.593%, VAR United States Secured Overnight Financing Rate+1.560%, 09/11/2025 (C)		1,860		1,842
Danske Bank
5.375%, 01/12/2024 (C)(D)		650		714
5.000%, 01/12/2022 (C)(D)		990		1,041
3.875%, 09/12/2023 (C)		200		207
3.244%, VAR ICE LIBOR USD 3 Month+1.591%, 12/20/2025 (C)		1,768		1,782
3.001%, VAR ICE LIBOR USD 3 Month+1.249%, 09/20/2022 (C)		2,172		2,180
Danske Bank MTN
4.375%, 06/12/2028 (C)		200		216
Discover Bank
4.650%, 09/13/2028		380		423
Farmers Exchange Capital
7.200%, 07/15/2048 (C)		1,021		1,428
7.050%, 07/15/2028 (C)		1,000		1,240
Farmers Exchange Capital II
6.151%, VAR ICE LIBOR USD 3 Month+3.744%, 11/01/2053 (C)		1,650		2,035
Fifth Third Bancorp
3.650%, 01/25/2024		660		696
Fifth Third Bank
3.950%, 07/28/2025		339		369
2.875%, 10/01/2021		730		739
First Union Capital II
7.950%, 11/15/2029		495		681
Goldman Sachs Capital II
4.000%, VAR ICE LIBOR USD 3 Month+0.768%, 12/03/2167		10		8
Goldman Sachs Group
6.750%, 10/01/2037		30		40
6.250%, 02/01/2041		1,050		1,450
5.750%, 01/24/2022		110		118
5.250%, 07/27/2021 (D)		740		780
5.150%, 05/22/2045		960		1,139
4.750%, 10/21/2045 (D)		920		1,104
4.411%, VAR ICE LIBOR USD 3 Month+1.430%, 04/23/2039		270		305
4.250%, 10/21/2025 (D)		1,120		1,199
4.223%, VAR ICE LIBOR USD 3 Month+1.301%, 05/01/2029		1,885		2,058
3.814%, VAR ICE LIBOR USD 3 Month+1.158%, 04/23/2029		2,015		2,139
3.750%, 02/25/2026		560		592

  118   SEI Institutional Managed Trust / Annual Report / September 30, 2019

Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
3.691%, VAR ICE LIBOR USD 3 Month+1.510%, 06/05/2028	$	1,380	$	1,447
3.500%, 11/16/2026		900		935
3.272%, VAR ICE LIBOR USD 3 Month+1.201%, 09/29/2025		4,450		4,593
3.200%, 02/23/2023		470		483
2.750%, 09/15/2020		35		35
Goldman Sachs Group MTN
6.000%, 06/15/2020		1,050		1,078
5.375%, 03/15/2020		2,530		2,566
4.006%, VAR ICE LIBOR USD 3 Month+1.750%, 10/28/2027		1,470		1,516
4.000%, 03/03/2024 (D)		1,090		1,162
3.850%, 07/08/2024 (D)		951		1,007
2.905%, VAR ICE LIBOR USD 3 Month+0.990%, 07/24/2023		880		892
Guardian Life Global Funding
1.950%, 10/27/2021 (C)		935		932
HSBC Bank
7.650%, 05/01/2025		500		600
4.750%, 01/19/2021 (C)		1,760		1,817
4.125%, 08/12/2020 (C)		100		102
HSBC Bank USA
7.000%, 01/15/2039		275		397
HSBC Bank USA NY
5.875%, 11/01/2034		610		783
HSBC Holdings
4.875%, 01/14/2022		100		106
4.583%, VAR ICE LIBOR USD 3 Month+1.535%, 06/19/2029		3,345		3,705
4.375%, 11/23/2026 (D)		345		369
4.300%, 03/08/2026		1,710		1,847
4.250%, 03/14/2024		510		537
4.250%, 08/18/2025		760		802
4.041%, VAR ICE LIBOR USD 3 Month+1.546%, 03/13/2028		399		424
4.000%, 03/30/2022 (D)		536		559
3.973%, VAR ICE LIBOR USD 3 Month+1.610%, 05/22/2030		3,146		3,359
3.950%, VAR ICE LIBOR USD 3 Month+0.987%, 05/18/2024		610		639
3.803%, VAR ICE LIBOR USD 3 Month+1.211%, 03/11/2025		1,814		1,890
3.400%, 03/08/2021		1,910		1,940
2.650%, 01/05/2022		200		202
HSBC USA
2.350%, 03/05/2020		100		100
ILFC E-Capital Trust II
4.020%, 12/21/2065 (C)		400		279
ING Bank
5.800%, 09/25/2023 (C)		1,045		1,160
Intercontinental Exchange
4.000%, 10/15/2023		65		69

Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
Intesa Sanpaolo
3.375%, 01/12/2023 (C)	$	440	$	444
3.125%, 07/14/2022 (C)		600		602
Intesa Sanpaolo MTN
5.017%, 06/26/2024 (C)		2,320		2,387
John Deere Capital
1.700%, 01/15/2020		160		160
JPMorgan Chase
8.750%, 09/01/2030		970		1,444
5.000%, VAR United States Secured Overnight Financing Rate+3.380%, 08/01/2024		425		435
4.950%, 06/01/2045		180		224
4.500%, 01/24/2022		840		886
4.452%, VAR ICE LIBOR USD 3 Month+1.330%, 12/05/2029 (D)		870		983
4.400%, 07/22/2020		210		214
4.350%, 08/15/2021 (D)		160		166
4.260%, VAR ICE LIBOR USD 3 Month+1.580%, 02/22/2048		84		98
4.250%, 10/15/2020		330		338
4.250%, 10/01/2027 (D)		720		791
4.203%, VAR ICE LIBOR USD 3 Month+1.260%, 07/23/2029		800		887
4.032%, VAR ICE LIBOR USD 3 Month+1.460%, 07/24/2048		795		899
4.023%, VAR ICE LIBOR USD 3 Month+1.000%, 12/05/2024		4,882		5,206
4.005%, VAR ICE LIBOR USD 3 Month+1.120%, 04/23/2029		446		487
3.900%, 07/15/2025		740		798
3.897%, VAR ICE LIBOR USD 3 Month+1.220%, 01/23/2049		628		699
3.882%, VAR ICE LIBOR USD 3 Month+1.360%, 07/24/2038		834		921
3.875%, 09/10/2024 (D)		1,540		1,639
3.797%, VAR ICE LIBOR USD 3 Month+0.890%, 07/23/2024 (D)		171		180
3.702%, VAR ICE LIBOR USD 3 Month+1.160%, 05/06/2030		172		184
3.625%, 05/13/2024		230		244
3.625%, 12/01/2027		360		379
3.559%, VAR ICE LIBOR USD 3 Month+0.730%, 04/23/2024		341		356
3.250%, 09/23/2022		285		295
3.220%, VAR ICE LIBOR USD 3 Month+1.155%, 03/01/2025 (D)		197		204
3.207%, VAR ICE LIBOR USD 3 Month+0.695%, 04/01/2023		3,917		4,012
3.200%, 01/25/2023 (D)		100		103
2.950%, 10/01/2026		1,005		1,030
2.776%, VAR ICE LIBOR USD 3 Month+0.935%, 04/25/2023		1,600		1,620

  SEI Institutional Managed Trust / Annual Report / September 30, 2019   119

SCHEDULE OF INVESTMENTS

September 30, 2019

Core Fixed Income Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
2.739%, VAR United States Secured Overnight Financing Rate+1.510%, 10/15/2030	$	1,366	$	1,356
2.700%, 05/18/2023		1,180		1,200
2.301%, VAR United States Secured Overnight Financing Rate+1.160%, 10/15/2025		2,725		2,715
KeyCorp MTN
2.550%, 10/01/2029		1,301		1,273
KKR Group Finance II
5.500%, 02/01/2043 (C)		80		97
KKR Group Finance III
5.125%, 06/01/2044 (C)		535		627
Liberty Mutual Group
4.569%, 02/01/2029 (C)		948		1,058
Lincoln National
3.050%, 01/15/2030		1,135		1,133
Lloyds Bank
3.300%, 05/07/2021		710		722
Lloyds Banking Group
4.550%, 08/16/2028 (D)		260		287
4.375%, 03/22/2028		925		1,006
4.344%, 01/09/2048		200		205
4.050%, 08/16/2023		200		210
3.900%, 03/12/2024 (D)		425		445
3.574%, VAR ICE LIBOR USD 3 Month+1.205%, 11/07/2028		200		204
3.100%, 07/06/2021		490		497
2.907%, VAR ICE LIBOR USD 3 Month+0.810%, 11/07/2023		2,915		2,921
2.858%, VAR ICE LIBOR USD 3 Month+1.249%, 03/17/2023		1,875		1,881
Lloyds TSB Bank MTN
5.800%, 01/13/2020 (C)		310		313
Massachusetts Mutual Life Insurance
8.875%, 06/01/2039 (C)		55		94
MassMutual Global Funding II
2.250%, 07/01/2022 (C)		1,268		1,272
MetLife
6.400%, 12/15/2036		420		498
5.700%, 06/15/2035		15		20
MetLife Capital Trust IV
7.875%, 12/15/2037 (C)		800		1,052
Metropolitan Life Global Funding I
3.450%, 12/18/2026 (C)		1,955		2,101
2.400%, 01/08/2021 (C)		890		894
Mitsubishi UFJ Financial Group
3.195%, 07/18/2029		790		816
2.998%, 02/22/2022		230		234
Mizuho Financial Group
2.721%, VAR ICE LIBOR USD 3 Month+0.840%, 07/16/2023 (D)		1,499		1,512

Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
Morgan Stanley
4.457%, VAR ICE LIBOR USD 3 Month+1.431%, 04/22/2039	$	320	$	373
4.375%, 01/22/2047 (D)		169		198
Morgan Stanley MTN
4.431%, VAR ICE LIBOR USD 3 Month+1.628%, 01/23/2030		755		848
3.971%, VAR ICE LIBOR USD 3 Month+1.455%, 07/22/2038		119		131
3.875%, 04/29/2024		1,685		1,793
3.772%, VAR ICE LIBOR USD 3 Month+1.140%, 01/24/2029		1,450		1,550
3.750%, 02/25/2023		1,665		1,741
3.700%, 10/23/2024		1,021		1,081
3.208%, VAR ICE LIBOR USD 3 Month+0.930%, 07/22/2022		3,045		3,068
3.125%, 01/23/2023		1,120		1,149
3.125%, 07/27/2026		190		196
2.750%, 05/19/2022		5		5
2.720%, VAR United States Secured Overnight Financing Rate+1.152%, 07/22/2025		980		990
2.625%, 11/17/2021		4,152		4,191
2.500%, 04/21/2021		280		282
MUFG Bank
4.100%, 09/09/2023 (C)		200		213
Nationwide Building Society
4.363%, VAR ICE LIBOR USD 3 Month+1.392%, 08/01/2024 (C)		800		840
3.960%, VAR ICE LIBOR USD 3 Month+1.855%, 07/18/2030 (C)		489		511
Nationwide Building Society MTN
3.622%, VAR ICE LIBOR USD 3 Month+1.181%, 04/26/2023 (C)		830		846
Nationwide Mutual Insurance
4.409%, VAR ICE LIBOR USD 3 Month+2.290%, 12/15/2024 (C)		3,735		3,720
New York Life Global Funding
2.875%, 04/10/2024 (C)		1,045		1,078
New York Life Insurance
6.750%, 11/15/2039 (C)		390		580
Nordea Bank Abp
4.875%, 05/13/2021 (C)		250		259
Northwestern Mutual Life Insurance
3.625%, 09/30/2059 (C)		1,266		1,295
Park Aerospace Holdings
5.500%, 02/15/2024 (C)		100		108
5.250%, 08/15/2022 (C)(D)		1,240		1,307
Pipeline Funding
7.500%, 01/15/2030 (C)		419		524
PNC Financial Services Group
3.450%, 04/23/2029		2,026		2,168

  120   SEI Institutional Managed Trust / Annual Report / September 30, 2019

Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
Prudential Financial MTN
5.625%, 05/12/2041	$	10	$	13
4.350%, 02/25/2050		586		672
3.700%, 03/13/2051		214		222
Raymond James Financial
4.950%, 07/15/2046		650		777
Reliance Standard Life Global Funding II MTN
2.500%, 01/15/2020 (C)		160		160
Royal Bank of Canada
1.875%, 02/05/2020		180		180
Royal Bank of Canada MTN
3.200%, 04/30/2021		480		489
2.150%, 10/26/2020		420		421
Royal Bank of Scotland Group
6.125%, 12/15/2022		390		422
6.100%, 06/10/2023 (D)		550		599
6.000%, 12/19/2023		860		944
5.125%, 05/28/2024		490		522
4.892%, VAR ICE LIBOR USD 3 Month+1.754%, 05/18/2029		200		220
4.519%, VAR ICE LIBOR USD 3 Month+1.550%, 06/25/2024 (D)		830		873
4.269%, VAR ICE LIBOR USD 3 Month+1.762%, 03/22/2025 (D)		220		230
3.875%, 09/12/2023		720		743
Santander Holdings USA
4.500%, 07/17/2025		80		86
4.450%, 12/03/2021		1,325		1,384
3.500%, 06/07/2024 (D)		1,363		1,398
Santander UK
5.000%, 11/07/2023 (C)		260		276
3.400%, 06/01/2021		1,930		1,963
2.375%, 03/16/2020		260		260
Santander UK Group Holdings
4.796%, VAR ICE LIBOR USD 3 Month+1.570%, 11/15/2024 (D)		750		803
3.373%, VAR ICE LIBOR USD 3 Month+1.080%, 01/05/2024 (D)		760		772
2.875%, 08/05/2021		3,255		3,267
Standard Chartered
2.744%, VAR ICE LIBOR USD 3 Month+1.200%, 09/10/2022 (C)		1,963		1,965
State Street
3.300%, 12/16/2024		70		73
Sumitomo Mitsui Financial Group
3.040%, 07/16/2029		1,375		1,406
2.696%, 07/16/2024		1,719		1,738
2.058%, 07/14/2021		340		339
SunTrust Bank
4.050%, 11/03/2025		535		585
Svenska Handelsbanken MTN
3.350%, 05/24/2021		500		510

Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
Synchrony Financial
2.850%, 07/25/2022	$	435	$	439
Teachers Insurance & Annuity Association of America
6.850%, 12/16/2039 (C)		124		183
4.900%, 09/15/2044 (C)		240		298
Toronto-Dominion Bank MTN
3.250%, 06/11/2021		590		602
Trust F
6.390%, 01/15/2050 (C)		277		295
UBS MTN
4.500%, 06/26/2048 (C)		200		248
UBS Group
3.126%, VAR ICE LIBOR USD 3 Month+1.468%, 08/13/2030 (C)		934		940
UBS Group Funding Switzerland
7.000%, VAR USD Swap Semi 30/360 5 Yr Curr+4.344%, 07/31/2168 (C)		1,640		1,742
4.253%, 03/23/2028 (C)		1,498		1,634
4.125%, 09/24/2025 (C)		200		216
3.491%, 05/23/2023 (C)		1,650		1,694
2.650%, 02/01/2022 (C)		385		388
UniCredit MTN
6.572%, 01/14/2022 (C)		1,000		1,073
US Bancorp
2.400%, 07/30/2024		2,210		2,238
US Bancorp MTN
2.950%, 07/15/2022		25		26
US Bank
3.150%, 04/26/2021		550		559
Validus Holdings
8.875%, 01/26/2040		905		1,486
Wachovia Capital Trust III
5.570%, VAR ICE LIBOR USD 3 Month+0.930%, 03/15/2168		2,790		2,800
WEA Finance
4.750%, 09/17/2044 (C)		230		269
3.750%, 09/17/2024 (C)		990		1,049
Wells Fargo
5.375%, 11/02/2043		400		502
3.000%, 04/22/2026		2,365		2,425
3.000%, 10/23/2026		1,030		1,058
2.100%, 07/26/2021		1,945		1,943
Wells Fargo MTN
4.900%, 11/17/2045		909		1,081
4.750%, 12/07/2046		1,075		1,269
4.650%, 11/04/2044		261		302
4.600%, 04/01/2021 (D)		160		166
4.400%, 06/14/2046		1,370		1,538
4.300%, 07/22/2027		2,310		2,531
4.150%, 01/24/2029		1,720		1,907
4.125%, 08/15/2023		900		955

  SEI Institutional Managed Trust / Annual Report / September 30, 2019   121

SCHEDULE OF INVESTMENTS

September 30, 2019

Core Fixed Income Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
3.750%, 01/24/2024 (D)	$	250	$	265
3.500%, 03/08/2022		430		444
3.450%, 02/13/2023		660		682
3.196%, VAR ICE LIBOR USD 3 Month+1.170%, 06/17/2027		1,550		1,602
2.625%, 07/22/2022		2,160		2,184
2.150%, 01/30/2020		70		70
Wells Fargo Bank
3.625%, 10/22/2021		1,930		1,986
2.082%, VAR ICE LIBOR USD 3 Month+0.650%, 09/09/2022		6,211		6,197
Westpac Banking
4.875%, 11/19/2019		170		171
4.110%, VAR US Treas Yield Curve Rate T Note Const Mat 5 Yr+2.000%, 07/24/2034		410		428
2.600%, 11/23/2020		500		503
2.300%, 05/26/2020		50		50
				355,243
Health Care — 3.5%
Abbott Laboratories
4.900%, 11/30/2046		1,747		2,254
4.750%, 11/30/2036		260		318
3.875%, 09/15/2025		141		153
3.750%, 11/30/2026		1,080		1,177
3.400%, 11/30/2023		2,501		2,623
AbbVie
4.875%, 11/14/2048		496		547
4.500%, 05/14/2035		715		766
4.450%, 05/14/2046		562		582
4.400%, 11/06/2042		800		825
4.250%, 11/14/2028		743		806
3.600%, 05/14/2025		770		801
3.200%, 11/06/2022		44		45
2.900%, 11/06/2022 (D)		10		10
2.500%, 05/14/2020		1,294		1,297
Aetna
3.875%, 08/15/2047		364		357
2.800%, 06/15/2023 (D)		2,650		2,682
Allergan Finance
4.625%, 10/01/2042		38		39
3.250%, 10/01/2022 (D)		513		524
Allergan Funding SCS
3.850%, 06/15/2024 (D)		500		528
3.800%, 03/15/2025 (D)		1,860		1,948
3.450%, 03/15/2022		370		379
Allergan Sales
5.000%, 12/15/2021 (C)		535		562
Amgen
5.150%, 11/15/2041		660		802
4.663%, 06/15/2051		646		756

Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
4.400%, 05/01/2045	$	1,812	$	2,048
3.875%, 11/15/2021		150		155
3.625%, 05/22/2024		130		138
2.125%, 05/01/2020 (D)		110		110
Anthem
4.625%, 05/15/2042		41		45
3.650%, 12/01/2027		290		305
3.500%, 08/15/2024		590		618
3.350%, 12/01/2024		1,425		1,482
3.125%, 05/15/2022		468		479
2.950%, 12/01/2022		661		674
AstraZeneca
3.500%, 08/17/2023		805		841
Baxalta
3.600%, 06/23/2022		546		560
Bayer US Finance
3.375%, 10/08/2024 (C)		2,300		2,357
Bayer US Finance II
4.875%, 06/25/2048 (C)(D)		1,960		2,165
4.375%, 12/15/2028 (C)		4,035		4,357
3.500%, 06/25/2021 (C)		630		643
Becton Dickinson
4.685%, 12/15/2044		722		838
3.734%, 12/15/2024 (D)		1,949		2,062
3.700%, 06/06/2027		493		523
3.363%, 06/06/2024		2,052		2,141
3.250%, 11/12/2020		600		606
2.979%, VAR ICE LIBOR USD 3 Month+0.875%, 12/29/2020		726		726
2.404%, 06/05/2020		1,408		1,409
Biogen
3.625%, 09/15/2022		430		447
Boston Scientific
4.700%, 03/01/2049		371		453
4.000%, 03/01/2028		333		365
4.000%, 03/01/2029		410		453
3.750%, 03/01/2026		557		595
Bristol-Myers Squibb
4.250%, 10/26/2049 (C)		239		277
4.125%, 06/15/2039 (C)		85		96
3.400%, 07/26/2029 (C)(D)		1,260		1,346
3.200%, 06/15/2026 (C)		2,654		2,784
2.900%, 07/26/2024 (C)		2,393		2,467
2.600%, 05/16/2022 (C)		2,023		2,051
Celgene
5.250%, 08/15/2043		40		51
5.000%, 08/15/2045		1,930		2,420
4.550%, 02/20/2048		166		198
4.350%, 11/15/2047		220		255
3.900%, 02/20/2028		1,563		1,712
3.875%, 08/15/2025		430		464
3.625%, 05/15/2024		69		73

  122   SEI Institutional Managed Trust / Annual Report / September 30, 2019

Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
3.550%, 08/15/2022	$	360	$	373
2.875%, 02/19/2021		420		424
2.750%, 02/15/2023		1,526		1,553
2.250%, 08/15/2021		420		420
Centene
6.125%, 02/15/2024		210		218
5.625%, 02/15/2021		50		51
5.375%, 06/01/2026 (C)		170		178
4.750%, 05/15/2022		110		112
4.750%, 01/15/2025		130		133
Cigna
4.900%, 12/15/2048 (D)		2,097		2,399
4.800%, 08/15/2038		75		84
4.375%, 10/15/2028		2,633		2,877
4.125%, 11/15/2025 (D)		290		311
3.750%, 07/15/2023 (D)		1,954		2,046
3.400%, 09/17/2021		1,145		1,171
3.200%, 09/17/2020		320		323
Cigna Holding
3.050%, 10/15/2027		1,745		1,763
CommonSpirit Health
4.350%, 11/01/2042		110		118
CVS Health
5.125%, 07/20/2045		2,321		2,631
5.050%, 03/25/2048 (D)		5,047		5,728
4.780%, 03/25/2038		1,609		1,762
4.300%, 03/25/2028		3,690		3,990
4.100%, 03/25/2025		1,298		1,387
4.000%, 12/05/2023		506		535
3.875%, 07/20/2025		515		545
3.700%, 03/09/2023 (D)		1,727		1,798
3.500%, 07/20/2022		160		165
3.350%, 03/09/2021		112		114
3.250%, 08/15/2029		1,132		1,137
3.000%, 08/15/2026		376		378
2.750%, 12/01/2022 (D)		510		516
2.625%, 08/15/2024		1,447		1,453
CVS Pass-Through Trust
5.926%, 01/10/2034 (C)		76		89
Edwards Lifesciences
4.300%, 06/15/2028		793		893
Eli Lilly
3.100%, 05/15/2027		90		95
EMD Finance
2.400%, 03/19/2020 (C)		1,425		1,425
Express Scripts Holding
3.400%, 03/01/2027		345		356
Fresenius Medical Care US Finance II
5.875%, 01/31/2022 (C)		170		181
Gilead Sciences
5.650%, 12/01/2041		35		46
4.750%, 03/01/2046		380		452

Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
4.500%, 02/01/2045	$	10	$	12
4.150%, 03/01/2047		274		305
3.700%, 04/01/2024		410		434
3.650%, 03/01/2026		803		861
3.250%, 09/01/2022 (D)		670		692
2.550%, 09/01/2020		130		131
GlaxoSmithKline Capital
2.850%, 05/08/2022 (D)		30		31
HCA
5.625%, 09/01/2028		50		56
5.500%, 06/15/2047		60		68
5.250%, 04/15/2025		820		912
5.250%, 06/15/2026		30		33
5.250%, 06/15/2049 (D)		2,150		2,345
5.125%, 06/15/2039		760		829
5.000%, 03/15/2024		1,100		1,201
4.500%, 02/15/2027		20		21
4.125%, 06/15/2029		785		823
Humana
4.950%, 10/01/2044		60		70
4.800%, 03/15/2047		30		35
4.625%, 12/01/2042		170		189
3.950%, 03/15/2027		70		74
3.950%, 08/15/2049		1,310		1,313
3.850%, 10/01/2024		1,470		1,553
3.150%, 12/01/2022		560		573
2.900%, 12/15/2022		750		763
2.500%, 12/15/2020		1,015		1,017
Johnson & Johnson
3.700%, 03/01/2046		170		192
3.625%, 03/03/2037		260		290
3.500%, 01/15/2048		92		101
3.400%, 01/15/2038		173		187
2.625%, 01/15/2025		86		89
Medtronic
4.625%, 03/15/2045		9		12
3.500%, 03/15/2025		343		368
Merck
4.000%, 03/07/2049		217		258
3.400%, 03/07/2029		602		653
2.400%, 09/15/2022 (D)		29		29
Mylan
3.950%, 06/15/2026		620		641
New York and Presbyterian Hospital
3.563%, 08/01/2036		730		775
Pfizer
4.100%, 09/15/2038		192		219
4.000%, 12/15/2036		815		933
3.450%, 03/15/2029 (D)		913		989
3.000%, 12/15/2026		175		184
2.800%, 03/11/2022		334		340

  SEI Institutional Managed Trust / Annual Report / September 30, 2019   123

SCHEDULE OF INVESTMENTS

September 30, 2019

Core Fixed Income Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
Providence St. Joseph Health Obligated Group
2.746%, 10/01/2026	$	1,700	$	1,710
RWJ Barnabas Health
3.949%, 07/01/2046		1,030		1,167
Sanofi
3.375%, 06/19/2023		936		981
Shire Acquisitions Investments Ireland DAC
2.875%, 09/23/2023		1,740		1,774
Takeda Pharmaceutical
4.400%, 11/26/2023 (C)		1,580		1,702
Teva Pharmaceutical Finance BV
3.650%, 11/10/2021		720		666
2.950%, 12/18/2022 (D)		40		34
Teva Pharmaceutical Finance IV BV
3.650%, 11/10/2021		120		111
Teva Pharmaceutical Finance Netherlands III BV
2.800%, 07/21/2023		470		380
2.200%, 07/21/2021 (D)		950		869
Thermo Fisher Scientific
2.600%, 10/01/2029		929		925
UnitedHealth Group
5.800%, 03/15/2036		280		373
4.750%, 07/15/2045		1,150		1,398
4.625%, 07/15/2035 (D)		523		632
4.450%, 12/15/2048		113		134
4.250%, 04/15/2047		450		511
3.875%, 10/15/2020		710		720
3.875%, 12/15/2028		170		187
3.875%, 08/15/2059		636		674
3.750%, 07/15/2025		70		75
3.700%, 12/15/2025		376		405
3.700%, 08/15/2049		677		717
3.500%, 08/15/2039		376		391
3.375%, 11/15/2021		75		77
3.350%, 07/15/2022		28		29
2.875%, 12/15/2021		290		296
2.875%, 03/15/2023		50		51
2.875%, 08/15/2029		944		964
2.700%, 07/15/2020		440		443
2.375%, 08/15/2024		946		954
Wyeth LLC
5.950%, 04/01/2037		470		638
Zimmer Biomet Holdings
2.914%, VAR ICE LIBOR USD 3 Month+0.750%, 03/19/2021		1,500		1,500
				144,889
Industrials — 2.5%
3M
2.375%, 08/26/2029 (D)		390		388

Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
ABB Finance USA
4.375%, 05/08/2042	$	110	$	133
AerCap Ireland Capital DAC
5.000%, 10/01/2021		1,250		1,314
4.875%, 01/16/2024		1,500		1,620
4.625%, 07/01/2022 (D)		210		221
4.500%, 05/15/2021		2,140		2,210
3.500%, 01/15/2025		232		237
Air Lease
3.625%, 04/01/2027		221		228
3.625%, 12/01/2027		216		222
3.500%, 01/15/2022		2,385		2,446
American Airlines Pass-Through Trust
3.500%, 02/15/2032		545		565
BAE Systems
4.750%, 10/11/2021 (C)		2,100		2,192
Boeing
4.875%, 02/15/2020		210		212
3.900%, 05/01/2049		456		501
3.850%, 11/01/2048		67		73
3.750%, 02/01/2050		516		557
3.625%, 03/01/2048		23		24
3.550%, 03/01/2038		210		221
3.500%, 03/01/2039		362		382
3.250%, 02/01/2035		950		984
3.200%, 03/01/2029 (D)		922		968
3.100%, 05/01/2026		1,103		1,155
2.950%, 02/01/2030		1,130		1,159
2.800%, 03/01/2027		190		194
2.700%, 05/01/2022		737		751
2.700%, 02/01/2027		1,696		1,725
Burlington Northern Santa Fe
7.290%, 06/01/2036		90		135
5.400%, 06/01/2041		50		65
4.900%, 04/01/2044		192		242
4.150%, 12/15/2048		150		175
4.050%, 06/15/2048		124		142
3.550%, 02/15/2050		512		542
3.450%, 09/15/2021		91		93
Canadian Pacific Railway
6.125%, 09/15/2115		44		66
Caterpillar
3.250%, 09/19/2049		647		673
2.600%, 09/19/2029		579		585
Caterpillar Financial Services MTN
2.750%, 08/20/2021		1,025		1,038
Cintas No. 2
3.700%, 04/01/2027 (D)		400		436
2.900%, 04/01/2022		400		409
Continental Airlines Pass-Through Trust, Ser 1999-2, Cl C2
7.256%, 03/15/2020		140		141

  124   SEI Institutional Managed Trust / Annual Report / September 30, 2019

Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
Continental Airlines Pass-Through Trust, Ser 2000-1
8.048%, 11/01/2020	$	63	$	65
Continental Airlines Pass-Through Trust, Ser 2007-1, Cl A
5.983%, 04/19/2022		1,680		1,773
Continental Airlines Pass-Through Trust, Ser 2009-2
7.250%, 11/10/2019		114		114
Crowley Conro
4.181%, 08/15/2043		486		554
CSX
4.750%, 11/15/2048		243		293
3.350%, 09/15/2049		222		217
2.400%, 02/15/2030		409		401
DAE Funding
5.750%, 11/15/2023 (C)		70		74
Delta Air Lines
4.375%, 04/19/2028 (D)		153		163
3.800%, 04/19/2023		241		250
Delta Air Lines Pass-Through Trust, Ser 2007-1, Cl A
6.821%, 08/10/2022		396		434
DP World MTN
5.625%, 09/25/2048 (C)		990		1,143
Eaton
7.625%, 04/01/2024		75		88
4.150%, 11/02/2042		140		155
2.750%, 11/02/2022 (D)		900		916
Equifax
3.950%, 06/15/2023		1,612		1,692
FedEx
4.950%, 10/17/2048		429		476
4.050%, 02/15/2048		980		961
GE Capital International Funding Unlimited Co
4.418%, 11/15/2035		6,616		6,924
2.342%, 11/15/2020 (D)		5,937		5,922
General Electric
4.125%, 10/09/2042		370		370
2.700%, 10/09/2022		166		166
2.100%, 12/11/2019		30		30
General Electric MTN
6.875%, 01/10/2039 (D)		1,216		1,609
6.750%, 03/15/2032		1,335		1,679
6.150%, 08/07/2037		394		485
5.875%, 01/14/2038		3,358		4,037
5.500%, 01/08/2020		2,935		2,958
5.300%, 02/11/2021 (D)		293		303
4.650%, 10/17/2021		515		536
4.625%, 01/07/2021		2,515		2,579
4.375%, 09/16/2020		40		41

Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
3.100%, 01/09/2023	$	122	$	123
2.638%, VAR ICE LIBOR USD 3 Month+0.480%, 08/15/2036		2,400		1,727
2.200%, 01/09/2020		43		43
Honeywell International
2.300%, 08/15/2024		2,585		2,625
IHS Markit
5.000%, 11/01/2022 (C)		750		799
4.750%, 02/15/2025 (C)		355		385
4.750%, 08/01/2028		1,215		1,351
International Lease Finance
8.625%, 01/15/2022		180		204
L3Harris Technologies
5.054%, 04/27/2045		270		339
4.854%, 04/27/2035		80		95
4.400%, 06/15/2028 (C)		2,190		2,460
Lockheed Martin
4.500%, 05/15/2036		90		108
4.090%, 09/15/2052		283		333
4.070%, 12/15/2042		446		515
3.550%, 01/15/2026		1,410		1,512
3.100%, 01/15/2023		50		51
Northrop Grumman
4.030%, 10/15/2047		602		683
3.250%, 08/01/2023 (D)		2,960		3,083
3.250%, 01/15/2028		1,197		1,256
2.930%, 01/15/2025		860		886
2.550%, 10/15/2022 (D)		1,400		1,419
Park Aerospace Holdings
4.500%, 03/15/2023 (C)		1,540		1,594
Parker-Hannifin
2.700%, 06/14/2024		400		407
Prime Security Services Borrower
5.750%, 04/15/2026 (C)		320		333
Raytheon
3.125%, 10/15/2020		430		435
Republic Services
3.950%, 05/15/2028		935		1,034
2.500%, 08/15/2024		635		642
Siemens Financieringsmaatschappij
2.900%, 05/27/2022 (C)		1,045		1,066
Union Pacific
4.500%, 09/10/2048		1,030		1,229
4.300%, 03/01/2049		91		106
3.950%, 09/10/2028		2,780		3,067
3.750%, 07/15/2025		340		366
3.150%, 03/01/2024		393		408
2.950%, 03/01/2022		616		630
United Business Media
5.750%, 11/03/2020 (C)		490		505
United Rentals North America
6.500%, 12/15/2026		180		196

  SEI Institutional Managed Trust / Annual Report / September 30, 2019   125

SCHEDULE OF INVESTMENTS

September 30, 2019

Core Fixed Income Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
5.500%, 07/15/2025	$	150	$	156
4.875%, 01/15/2028		150		156
United Technologies
8.875%, 11/15/2019		110		111
4.625%, 11/16/2048 (D)		546		682
4.500%, 06/01/2042		170		204
4.450%, 11/16/2038		518		616
4.150%, 05/15/2045		59		68
4.125%, 11/16/2028		709		802
3.950%, 08/16/2025		1,965		2,153
3.650%, 08/16/2023		2,307		2,441
3.100%, 06/01/2022		634		654
2.800%, 05/04/2024		468		481
1.950%, 11/01/2021		85		85
US Airways Pass-Through Trust, Ser 2012-2, Cl A
4.625%, 06/03/2025		622		672
Waste Management
4.600%, 03/01/2021		90		92
4.150%, 07/15/2049		210		245
4.000%, 07/15/2039		60		68
3.500%, 05/15/2024		370		390
3.450%, 06/15/2029		1,235		1,334
3.200%, 06/15/2026		645		680
				106,937
Information Technology — 1.4%
Apple
4.650%, 02/23/2046		270		339
4.375%, 05/13/2045		675		817
4.250%, 02/09/2047		467		558
3.450%, 02/09/2045		31		33
3.200%, 05/13/2025		270		286
3.200%, 05/11/2027		1,506		1,597
2.950%, 09/11/2049		688		673
2.850%, 05/06/2021		113		115
2.450%, 08/04/2026 (D)		1,410		1,429
2.200%, 09/11/2029		2,231		2,192
2.150%, 02/09/2022 (D)		82		83
2.050%, 09/11/2026		1,116		1,103
2.000%, 11/13/2020		500		501
1.800%, 09/11/2024		930		925
1.550%, 08/04/2021		230		229
Avnet
3.750%, 12/01/2021		1,000		1,021
Broadcom
4.750%, 04/15/2029 (C)		243		257
4.250%, 04/15/2026 (C)		2,913		3,009
3.125%, 04/15/2021 (C)		1,135		1,146
3.125%, 10/15/2022 (C)		500		506
3.125%, 01/15/2025		420		417
3.000%, 01/15/2022		1,250		1,262

Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
Dell International
8.350%, 07/15/2046 (C)	$	780	$	1,029
6.020%, 06/15/2026 (C)		39		44
4.420%, 06/15/2021 (C)		1,890		1,949
Fidelity National Information Services
3.750%, 05/21/2029 (D)		512		555
Fiserv
4.400%, 07/01/2049		316		353
4.200%, 10/01/2028		59		65
3.500%, 07/01/2029		1,403		1,476
3.200%, 07/01/2026		597		618
2.750%, 07/01/2024		780		794
Global Payments
4.150%, 08/15/2049		340		359
3.200%, 08/15/2029		565		573
Intel
3.700%, 07/29/2025		223		242
3.300%, 10/01/2021 (D)		35		36
3.100%, 07/29/2022		35		36
International Business Machines
4.250%, 05/15/2049		706		812
4.150%, 05/15/2039		259		295
3.300%, 05/15/2026		565		596
3.000%, 05/15/2024		1,510		1,566
Lam Research
4.875%, 03/15/2049		150		183
3.750%, 03/15/2026		553		590
Marvell Technology Group
4.200%, 06/22/2023		810		849
Mastercard
3.650%, 06/01/2049		236		267
3.375%, 04/01/2024		250		266
2.950%, 06/01/2029		681		714
Micron Technology
4.663%, 02/15/2030		466		485
Microsoft
4.750%, 11/03/2055		43		58
4.500%, 02/06/2057		411		534
4.250%, 02/06/2047		1,108		1,375
4.100%, 02/06/2037		1,095		1,299
4.000%, 02/12/2055		472		563
3.950%, 08/08/2056		240		284
3.750%, 02/12/2045		130		149
3.700%, 08/08/2046		340		387
3.625%, 12/15/2023		89		95
3.500%, 02/12/2035		1,012		1,119
3.450%, 08/08/2036		30		33
3.300%, 02/06/2027		2,072		2,235
2.875%, 02/06/2024 (D)		1,010		1,052
2.700%, 02/12/2025		250		259
2.400%, 02/06/2022 (D)		600		608
2.400%, 08/08/2026		1,700		1,731

  126   SEI Institutional Managed Trust / Annual Report / September 30, 2019

Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
2.375%, 02/12/2022	$	20	$	20
2.375%, 05/01/2023 (D)		20		21
1.550%, 08/08/2021		400		398
NXP BV
3.875%, 06/18/2026 (C)(D)		852		897
Oracle
4.000%, 11/15/2047		721		807
3.900%, 05/15/2035		1,720		1,899
3.800%, 11/15/2037		253		276
2.950%, 11/15/2024		246		255
2.625%, 02/15/2023 (D)		460		468
PayPal Holdings
2.400%, 10/01/2024		605		608
QUALCOMM
2.600%, 01/30/2023		910		925
salesforce.com
3.700%, 04/11/2028		670		735
3.250%, 04/11/2023 (D)		480		501
Tencent Holdings MTN
3.595%, 01/19/2028 (C)		570		595
Texas Instruments
4.150%, 05/15/2048		300		368
Visa
4.300%, 12/14/2045		690		856
3.650%, 09/15/2047		235		268
3.150%, 12/14/2025 (D)		1,410		1,503
2.800%, 12/14/2022		40		41
2.200%, 12/14/2020		80		80
				56,552
Materials — 0.9%
Air Liquide Finance
2.250%, 09/27/2023 (C)		590		591
Alcoa Nederland Holding BV
6.750%, 09/30/2024 (C)		270		284
6.125%, 05/15/2028 (C)		200		213
Amcor Finance USA
4.500%, 05/15/2028 (C)		360		393
3.625%, 04/28/2026 (C)		2,425		2,495
Anglo American Capital
4.750%, 04/10/2027 (C)		720		776
4.000%, 09/11/2027 (C)		200		207
3.750%, 04/10/2022 (C)		280		287
3.625%, 09/11/2024 (C)(D)		710		733
ArcelorMittal
7.000%, 10/15/2039		120		145
6.250%, 02/25/2022 (D)		120		130
6.125%, 06/01/2025 (D)		670		754
4.550%, 03/11/2026 (D)		330		345
Barrick
5.250%, 04/01/2042		80		97

Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
Barrick Gold
3.850%, 04/01/2022	$	72	$	75
Barrick North America Finance
5.750%, 05/01/2043		452		592
5.700%, 05/30/2041		1,202		1,511
BHP Billiton Finance USA
6.750%, VAR USD Swap Semi 30/360 5 Yr Curr+5.093%, 10/19/2075 (C)		830		970
5.000%, 09/30/2043 (D)		410		529
4.125%, 02/24/2042		40		46
2.875%, 02/24/2022		50		51
Dow Chemical
5.250%, 11/15/2041		25		29
4.800%, 05/15/2049 (C)		360		398
4.250%, 10/01/2034		236		250
3.000%, 11/15/2022		1,780		1,813
DuPont de Nemours
4.725%, 11/15/2028		350		400
4.493%, 11/15/2025		2,627		2,903
4.205%, 11/15/2023		1,510		1,618
Equate Petrochemical BV MTN
4.250%, 11/03/2026 (C)		480		516
FMC
4.500%, 10/01/2049		137		143
Freeport-McMoRan
5.450%, 03/15/2043		495		446
4.550%, 11/14/2024		40		41
3.875%, 03/15/2023		20		20
3.550%, 03/01/2022		347		348
Glencore Funding
4.125%, 05/30/2023 (C)(D)		200		209
4.125%, 03/12/2024 (C)		1,460		1,532
4.000%, 03/27/2027 (C)		1,240		1,275
3.875%, 10/27/2027 (C)(D)		410		417
3.000%, 10/27/2022 (C)		30		30
2.875%, 04/16/2020 (C)		140		140
Huntsman International
5.125%, 11/15/2022		281		300
4.500%, 05/01/2029		646		679
Industrias Penoles
4.150%, 09/12/2029 (C)		1,005		1,009
International Flavors & Fragrances
5.000%, 09/26/2048 (D)		1,720		1,963
LyondellBasell Industries
6.000%, 11/15/2021		369		393
5.750%, 04/15/2024		200		226
Minera Mexico
4.500%, 01/26/2050 (C)		329		324
Mosaic
5.625%, 11/15/2043		414		459
4.050%, 11/15/2027 (D)		392		407

  SEI Institutional Managed Trust / Annual Report / September 30, 2019   127

SCHEDULE OF INVESTMENTS

September 30, 2019

Core Fixed Income Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
Nutrien
4.875%, 03/30/2020	$	280	$	283
OCP
4.500%, 10/22/2025 (C)		400		420
Southern Copper
5.875%, 04/23/2045 (D)		274		332
5.250%, 11/08/2042		2,030		2,287
3.875%, 04/23/2025		388		404
Syngenta Finance
3.933%, 04/23/2021 (C)		650		662
Teck Resources
6.250%, 07/15/2041		1,144		1,271
6.000%, 08/15/2040		30		32
Vale Overseas
6.875%, 11/21/2036		874		1,107
6.250%, 08/10/2026 (D)		32		37
WestRock RKT
4.000%, 03/01/2023 (D)		70		74
WRKCo
4.900%, 03/15/2029 (D)		1,165		1,320
3.000%, 09/15/2024		750		764
				38,505
Real Estate — 0.9%
Alexandria Real Estate Equities
3.450%, 04/30/2025		750		785
American Campus Communities Operating Partnership
3.750%, 04/15/2023		1,350		1,406
3.625%, 11/15/2027		745		782
3.300%, 07/15/2026		1,495		1,534
Boston Properties
3.800%, 02/01/2024		1,250		1,321
3.400%, 06/21/2029		720		753
2.900%, 03/15/2030		140		140
Brandywine Operating Partnership
3.950%, 11/15/2027		17		18
Brixmor Operating Partnership
4.125%, 05/15/2029		380		405
CubeSmart
4.375%, 02/15/2029		365		400
Digital Realty Trust
3.625%, 10/01/2022		1,260		1,304
Duke Realty
4.375%, 06/15/2022		50		53
ERP Operating
4.625%, 12/15/2021		64		67
3.000%, 07/01/2029		625		645
GLP Capital
5.375%, 04/15/2026		2,410		2,651
5.300%, 01/15/2029		1,548		1,706
5.250%, 06/01/2025 (D)		565		622

Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
4.000%, 01/15/2030	$	1,577	$	1,585
HCP
4.250%, 11/15/2023		976		1,042
4.200%, 03/01/2024		765		823
4.000%, 12/01/2022		150		157
3.150%, 08/01/2022		1,000		1,020
Healthcare Realty Trust
3.875%, 05/01/2025		200		209
3.750%, 04/15/2023		1,400		1,446
Healthcare Trust of America Holdings
3.100%, 02/15/2030		202		201
Life Storage
3.875%, 12/15/2027		915		966
Mid-America Apartments
4.300%, 10/15/2023		357		381
4.000%, 11/15/2025		427		458
3.950%, 03/15/2029		450		491
3.750%, 06/15/2024		832		875
3.600%, 06/01/2027		236		250
Public Storage
3.094%, 09/15/2027		734		771
Realty Income
3.250%, 10/15/2022		70		72
Reckson Operating Partnership
7.750%, 03/15/2020		2,350		2,405
Regency Centers
2.950%, 09/15/2029		757		755
Sabra Health Care
3.900%, 10/15/2029		445		438
Simon Property Group
3.250%, 09/13/2049		409		400
2.450%, 09/13/2029		1,020		998
2.000%, 09/13/2024		1,433		1,419
SITE Centers
4.625%, 07/15/2022		297		310
Spirit Realty
3.400%, 01/15/2030		420		417
STORE Capital
4.625%, 03/15/2029		438		482
4.500%, 03/15/2028		1,311		1,415
UDR
3.000%, 08/15/2031		520		521
Ventas Realty
4.875%, 04/15/2049		203		242
3.850%, 04/01/2027		500		532
Welltower
4.500%, 01/15/2024		102		110
4.000%, 06/01/2025 (D)		625		668
3.750%, 03/15/2023		500		523
				36,974

  128   SEI Institutional Managed Trust / Annual Report / September 30, 2019

Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
Utilities — 2.1%
AEP Texas
6.650%, 02/15/2033	$	500	$	681
AEP Texas Central Transition Funding II
5.306%, 07/01/2020		283		287
Alabama Power
3.700%, 12/01/2047		1,810		1,949
3.450%, 10/01/2049		852		879
Arizona Public Service
2.200%, 01/15/2020		20		20
Berkshire Hathaway Energy
3.750%, 11/15/2023		156		166
Black Hills
3.875%, 10/15/2049		120		120
3.050%, 10/15/2029		929		927
Boston Gas
4.487%, 02/15/2042 (C)		35		41
Carolina Power & Light
2.800%, 05/15/2022		25		25
CenterPoint Energy
4.250%, 11/01/2028		506		556
3.600%, 11/01/2021		595		611
2.950%, 03/01/2030		509		507
2.500%, 09/01/2022		70		70
2.500%, 09/01/2024		1,115		1,115
Cleco Power
6.000%, 12/01/2040		700		908
Comision Federal de Electricidad
4.750%, 02/23/2027 (C)		240		252
Commonwealth Edison
4.000%, 03/01/2049		648		747
Consolidated Edison of New York
4.650%, 12/01/2048		1,500		1,858
4.450%, 03/15/2044		1,500		1,753
4.125%, 05/15/2049		582		667
Dominion Energy
4.600%, 03/15/2049		272		320
3.071%, 08/15/2024		980		1,004
2.000%, 08/15/2021		490		488
DTE Energy
2.529%, 10/01/2024		830		833
1.500%, 10/01/2019		245		245
Duke Energy
3.550%, 09/15/2021		76		78
3.150%, 08/15/2027		280		291
2.400%, 08/15/2022		340		343
1.800%, 09/01/2021		913		909
Duke Energy Carolinas
4.300%, 06/15/2020		39		40
4.250%, 12/15/2041		628		724
4.000%, 09/30/2042		1,000		1,119
3.750%, 06/01/2045		680		735

Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
Duke Energy Florida
3.850%, 11/15/2042	$	380	$	414
3.200%, 01/15/2027		1,080		1,135
Duke Energy Indiana
4.200%, 03/15/2042		30		34
3.750%, 07/15/2020		52		53
3.750%, 05/15/2046		166		178
3.250%, 10/01/2049		511		510
Duke Energy Progress
4.100%, 05/15/2042		425		484
3.450%, 03/15/2029		341		368
Duquesne Light Holdings
6.400%, 09/15/2020 (C)		1,950		2,018
Edison International
5.750%, 06/15/2027		171		192
4.125%, 03/15/2028		511		524
Electricite de France
5.600%, 01/27/2040 (C)		320		397
4.500%, 09/21/2028 (C)		1,058		1,181
Enel Finance International
6.000%, 10/07/2039 (C)		444		554
4.750%, 05/25/2047 (C)		285		322
4.625%, 09/14/2025 (C)		2,040		2,228
3.500%, 04/06/2028 (C)		315		323
2.875%, 05/25/2022 (C)		536		543
Entergy
5.125%, 09/15/2020		400		408
Entergy Arkansas
4.200%, 04/01/2049		101		117
Eversource Energy
3.150%, 01/15/2025		211		218
2.900%, 10/01/2024		1,610		1,649
Exelon
5.625%, 06/15/2035		760		950
3.950%, 06/15/2025		375		401
2.850%, 06/15/2020		1,090		1,095
FirstEnergy
4.850%, 07/15/2047		312		373
4.250%, 03/15/2023		1,224		1,295
3.900%, 07/15/2027 (D)		940		1,002
2.850%, 07/15/2022		60		61
FirstEnergy, Ser C
7.375%, 11/15/2031 (D)		3,685		5,214
FirstEnergy Transmission
5.450%, 07/15/2044 (C)		176		224
Georgia Power
2.650%, 09/15/2029		187		184
Indiana Michigan Power
4.550%, 03/15/2046		325		393
ITC Holdings
4.050%, 07/01/2023		1,152		1,213
3.650%, 06/15/2024		633		666

  SEI Institutional Managed Trust / Annual Report / September 30, 2019   129

SCHEDULE OF INVESTMENTS

September 30, 2019

Core Fixed Income Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
Jersey Central Power & Light
4.700%, 04/01/2024 (C)	$	700	$	765
Kansas City Power & Light
5.300%, 10/01/2041		100		129
KCP&L Greater Missouri Operations
8.270%, 11/15/2021		2,700		3,022
KeySpan Gas East
2.742%, 08/15/2026 (C)		1,025		1,036
Metropolitan Edison
4.300%, 01/15/2029 (C)		550		620
3.500%, 03/15/2023 (C)		2,775		2,882
MidAmerican Energy
4.800%, 09/15/2043		830		1,040
4.250%, 05/01/2046		700		828
Mid-Atlantic Interstate Transmission
4.100%, 05/15/2028 (C)		846		933
Mississippi Power
4.250%, 03/15/2042		513		555
3.950%, 03/30/2028		855		931
2.750%, VAR ICE LIBOR USD 3 Month+0.650%, 03/27/2020		2,100		2,101
NextEra Energy Capital Holdings
2.767%, VAR ICE LIBOR USD 3 Month+0.480%, 05/04/2021		4,400		4,407
NiSource
5.800%, 02/01/2042		149		190
2.650%, 11/17/2022		600		607
Oncor Electric Delivery
5.750%, 03/15/2029 (D)		565		715
5.250%, 09/30/2040		250		325
4.550%, 12/01/2041		690		842
PECO Energy
4.150%, 10/01/2044		1,140		1,321
Pennsylvania Electric
5.200%, 04/01/2020		200		203
Perusahaan Listrik Negara MTN
6.150%, 05/21/2048 (C)		500		641
PPL Capital Funding
5.000%, 03/15/2044		253		295
4.700%, 06/01/2043		68		77
4.000%, 09/15/2047		123		128
3.400%, 06/01/2023		102		105
3.100%, 05/15/2026		236		240
Progress Energy
3.150%, 04/01/2022		280		286
Public Service Electric & Gas MTN
3.700%, 05/01/2028		1,545		1,691
Public Service Enterprise Group
2.875%, 06/15/2024		419		430
Public Service of New Hampshire
3.500%, 11/01/2023		515		540

Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
Sempra Energy
4.000%, 02/01/2048	$	540	$	571
2.900%, 02/01/2023		480		488
Southern California Edison
6.000%, 01/15/2034		50		63
5.950%, 02/01/2038 (D)		322		411
5.550%, 01/15/2037 (D)		98		119
4.650%, 10/01/2043		166		191
4.125%, 03/01/2048 (D)		1,097		1,191
4.050%, 03/15/2042		5		5
4.000%, 04/01/2047		319		342
3.700%, 08/01/2025		502		531
2.850%, 08/01/2029 (D)		354		357
Southern Gas Capital
4.400%, 05/30/2047		500		564
Southwestern Electric Power
3.900%, 04/01/2045		224		236
Southwestern Public Service
3.750%, 06/15/2049		955		1,053
Virginia Electric & Power
4.650%, 08/15/2043		585		705
2.950%, 01/15/2022		330		335
2.750%, 03/15/2023		500		510
Vistra Operations
4.300%, 07/15/2029 (C)		1,590		1,631
3.550%, 07/15/2024 (C)		2,795		2,814
WEC Energy Group
3.375%, 06/15/2021		1,000		1,022
Wisconsin Public Service
3.350%, 11/21/2021		410		421
				89,634
Total Corporate Obligations (Cost $1,152,077) ($ Thousands)				1,224,935
U.S. TREASURY OBLIGATIONS — 23.2%
U.S. Treasury Bills
2.022%, 10/08/2019 (A)		20,785		20,778
2.014%, 10/01/2019 (A)		15,880		15,880
1.958%, 10/10/2019 (A)		12,950		12,944
1.894%, 12/26/2019 (A)(J)		1,521		1,515
U.S. Treasury Bonds
3.750%, 11/15/2043		11,720		15,416
3.125%, 02/15/2043		15,203		18,132
3.125%, 08/15/2044		7,722		9,252
3.125%, 05/15/2048		2,250		2,735
3.000%, 11/15/2044		18,124		21,289
3.000%, 02/15/2048		9,520		11,303
3.000%, 02/15/2049		6,555		7,815
2.875%, 08/15/2045		34,210		39,420
2.875%, 05/15/2049		19,310		22,521

  130   SEI Institutional Managed Trust / Annual Report / September 30, 2019

Description	Face Amount (Thousands)		Market Value ($ Thousands)
U.S. TREASURY OBLIGATIONS (continued)
2.750%, 08/15/2047	$	2,120	$	2,400
2.750%, 11/15/2047		4,105		4,649
2.500%, 02/15/2046 (J)		17,170		18,486
2.500%, 05/15/2046		9,543		10,277
2.250%, 08/15/2046		6,207		6,365
2.250%, 08/15/2049		63,941		65,762
U.S. Treasury Inflation Protected Securities
1.375%, 02/15/2044		3,380		4,025
1.000%, 02/15/2046		2,415		2,672
1.000%, 02/15/2049		22,679		24,961
0.875%, 01/15/2029		—		—
0.750%, 02/15/2042		2,464		2,590
0.625%, 02/15/2043		1,529		1,558
0.500%, 04/15/2024		11,134		11,268
0.250%, 07/15/2029		13,568		13,672
0.125%, 07/15/2024		1,918		1,915
U.S. Treasury Notes
2.875%, 09/30/2023		70		73
2.875%, 10/31/2023		1,055		1,109
2.875%, 11/30/2025		1,682		1,806
2.750%, 08/15/2021		6,022		6,140
2.750%, 04/30/2023		14,904		15,509
2.750%, 05/31/2023		12,196		12,703
2.750%, 07/31/2023		20,349		21,233
2.750%, 08/31/2023		19,087		19,938
2.750%, 08/31/2025		10,046		10,692
2.625%, 05/15/2021		62,305		63,203
2.625%, 07/15/2021		939		954
2.625%, 02/28/2023		2,200		2,276
2.625%, 12/31/2025		10,637		11,275
2.500%, 06/30/2020		909		913
2.500%, 01/15/2022		13,057		13,310
2.375%, 05/15/2029		13,990		14,857
2.250%, 04/30/2021		2,173		2,190
2.250%, 04/30/2024		4,105		4,229
2.250%, 10/31/2024		3,507		3,622
2.250%, 11/15/2025		5,426		5,627
2.125%, 08/15/2021		716		722
2.125%, 05/15/2022		2,661		2,696
2.125%, 02/29/2024		3,314		3,393
2.125%, 03/31/2024		2,435		2,494
2.000%, 10/31/2022		1,487		1,505
1.875%, 12/31/2019		1,745		1,745
1.750%, 12/31/2020		20		20
1.750%, 06/30/2024		11,411		11,508
1.750%, 07/31/2024		24,380		24,595
1.625%, 06/30/2021		12,845		12,831
1.625%, 08/31/2022		4,954		4,958
1.625%, 04/30/2023		3,318		3,323
1.625%, 02/15/2026		4,237		4,239
1.625%, 09/30/2026		7,209		7,211
1.625%, 08/15/2029		42,307		42,112

Description	Face Amount (Thousands)		Market Value ($ Thousands)
U.S. TREASURY OBLIGATIONS (continued)
1.500%, 07/15/2020	$	99	$	99
1.500%, 08/31/2021		22,975		22,908
1.500%, 09/30/2021		17,801		17,758
1.500%, 09/15/2022		8,026		8,011
1.500%, 09/30/2024		118,630		118,333
1.375%, 08/31/2020		5,649		5,625
1.375%, 08/31/2026		16,611		16,344
1.250%, 08/31/2024		81,781		80,634
Total U.S. Treasury Obligations (Cost $949,286) ($ Thousands)				974,323
ASSET-BACKED SECURITIES — 7.9%
Automotive — 1.4%
Ally Auto Receivables Trust, Ser 2017-1, Cl A3
1.700%, 06/15/2021		402		402
Ally Auto Receivables Trust, Ser 2019-3, Cl A4
1.960%, 12/16/2024		670		671
Avis Budget Rental Car Funding AESOP, Ser 2017-1A, Cl A
3.070%, 09/20/2023 (C)		333		340
Avis Budget Rental Car Funding AESOP, Ser 2019-2A, Cl A
3.350%, 09/22/2025 (C)		1,553		1,616
Avis Budget Rental Car Funding AESOP, Ser 2019-3A, Cl A
2.360%, 03/20/2026 (C)		2,069		2,060
Bank of The West Auto Trust, Ser 2019-1, Cl A2
2.400%, 10/17/2022 (C)		1,480		1,482
Capital Auto Receivables Asset Trust, Ser 2016-2, Cl A4
1.630%, 01/20/2021		11		11
Capital One Prime Auto Receivables Trust, Ser 2019-1, Cl A2
2.580%, 04/15/2022		835		838
Chesapeake Funding II, Ser 2019-1A, Cl A1
2.940%, 04/15/2031 (C)		1,217		1,233
Drive Auto Receivables Trust, Ser 2019-3, Cl A3
2.490%, 06/15/2023		995		1,001
Ford Credit Auto Owner Trust, Ser 2014-2, Cl A
2.310%, 04/15/2026 (C)		1,705		1,705
Ford Credit Auto Owner Trust, Ser 2015-1, Cl A
2.120%, 07/15/2026 (C)		2,295		2,294
Ford Credit Auto Owner Trust, Ser 2017-1, Cl A
2.620%, 08/15/2028 (C)		444		450

  SEI Institutional Managed Trust / Annual Report / September 30, 2019   131

SCHEDULE OF INVESTMENTS

September 30, 2019

Core Fixed Income Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
ASSET-BACKED SECURITIES (continued)
Ford Credit Auto Owner Trust, Ser 2017-2, Cl A
2.360%, 03/15/2029 (C)	$	2,387	$	2,398
Ford Credit Auto Owner Trust, Ser 2018-1, Cl A
3.190%, 07/15/2031 (C)		2,759		2,874
Ford Credit Auto Owner Trust, Ser 2018-2, Cl A
3.470%, 01/15/2030 (C)		1,077		1,127
Ford Credit Auto Owner Trust, Ser 2019-1, Cl A
3.520%, 07/15/2030 (C)		1,164		1,231
Ford Credit Auto Owner Trust, Ser 2019-A, Cl A2A
2.780%, 02/15/2022		1,670		1,676
Ford Credit Floorplan Master Owner Trust A, Ser 2016-5, Cl A1
1.950%, 11/15/2021		395		395
Ford Credit Floorplan Master Owner Trust A, Ser 2018-4, Cl A
4.060%, 11/15/2030		1,860		2,058
Ford Credit Floorplan Master Owner Trust A, Ser 2019-3, Cl A1
2.230%, 09/15/2024		2,216		2,221
Ford Credit Floorplan Master Owner Trust A, Ser 2019-3, Cl A2
2.650%, VAR ICE LIBOR USD 1 Month+0.600%, 09/15/2024		1,596		1,597
Ford Credit Floorplan Master Owner Trust A, Ser 2019-4, Cl A
2.440%, 09/15/2026		1,773		1,782
Foursight Capital Automobile Receivables Trust, Ser 2018-1, Cl A3
3.240%, 09/15/2022 (C)		800		804
GM Financial Automobile Leasing Trust, Ser 2019-1, Cl A2A
2.910%, 04/20/2021		345		346
GM Financial Automobile Leasing Trust, Ser 2019-2, Cl A2A
2.670%, 06/21/2021		395		396
GM Financial Consumer Automobile Receivables Trust, Ser 2018-3, Cl A2A
2.740%, 07/16/2021		419		420
GM Financial Consumer Automobile Receivables Trust, Ser 2019-1, Cl A2
2.990%, 03/16/2022		810		813
Hertz Fleet Lease Funding, Ser 2017-1, Cl A2
2.130%, 04/10/2031 (C)		308		310
Hertz Fleet Lease Funding, Ser 2019-1, Cl D
3.440%, 01/10/2033 (C)		1,580		1,597
Hertz Vehicle Financing II, Ser 2015-1A, Cl C
4.350%, 03/25/2021 (C)		650		653

Description	Face Amount (Thousands)		Market Value ($ Thousands)
ASSET-BACKED SECURITIES (continued)
Hertz Vehicle Financing II, Ser 2015-3A, Cl A
2.670%, 09/25/2021 (C)	$	902	$	905
Hertz Vehicle Financing II, Ser 2016-2A, Cl A
2.950%, 03/25/2022 (C)		1,138		1,146
Hertz Vehicle Financing II, Ser 2017-1A, Cl A
2.960%, 10/25/2021 (C)		1,016		1,023
Hertz Vehicle Financing II, Ser 2017-2A, Cl A
3.290%, 10/25/2023 (C)		879		899
Hertz Vehicle Financing II, Ser 2018-1A, Cl A
3.290%, 02/25/2024 (C)		1,790		1,835
Hertz Vehicle Financing II, Ser 2019-1A, Cl A
3.710%, 03/25/2023 (C)		1,508		1,553
Hertz Vehicle Financing II, Ser 2019-2A, Cl A
3.420%, 05/25/2025 (C)		2,613		2,698
Hertz Vehicle Financing, Ser 2018-2A, Cl A
3.650%, 06/27/2022 (C)		1,028		1,049
Hertz Vehicle Financing, Ser 2018-3A, Cl A
4.030%, 07/25/2024 (C)		996		1,048
Honda Auto Receivables Owner Trust, Ser 2019-2, Cl A2
2.570%, 12/21/2021		1,355		1,361
Honda Auto Receivables Owner Trust, Ser 2019-3, Cl A4
1.850%, 08/15/2025		545		543
Hyundai Auto Lease Securitization Trust, Ser 2019-A, Cl A2
2.920%, 07/15/2021 (C)		425		428
Hyundai Auto Receivables Trust, Ser 2018-B, Cl A2
3.040%, 06/15/2021		242		243
Hyundai Auto Receivables Trust, Ser 2019-A, Cl A2
2.670%, 12/15/2021		615		617
Mercedes-Benz Auto Lease Trust, Ser 2019-A, Cl A3
3.100%, 11/15/2021		675		682
Nissan Auto Lease Trust, Ser 2019-A, Cl A2
2.710%, 07/15/2021		1,255		1,260
Nissan Auto Receivables Owner Trust, Ser 2019-B, Cl A2
2.560%, 03/15/2022		1,290		1,295
Prestige Auto Receivables Trust, Ser 2017-1A, Cl B
2.390%, 05/16/2022 (C)		1,965		1,964
Santander Retail Auto Lease Trust, Ser 2019- A, Cl A2
2.720%, 01/20/2022 (C)		1,135		1,142
Toyota Auto Loan Extended Note Trust, Ser 2019-1A, Cl A
2.560%, 11/25/2031 (C)		945		966

  132   SEI Institutional Managed Trust / Annual Report / September 30, 2019

Description	Face Amount (Thousands)		Market Value ($ Thousands)
ASSET-BACKED SECURITIES (continued)
Toyota Auto Receivables Owner Trust, Ser 2019-B, Cl A2A
2.590%, 02/15/2022	$	545	$	547
				60,005
Credit Cards — 0.2%
Capital One Multi-Asset Execution Trust, Ser 2017-A6, Cl A6
2.290%, 07/15/2025		3,095		3,134
Capital One Multi-Asset Execution Trust, Ser 2019-A2, Cl A2
1.720%, 08/15/2024		1,075		1,071
Capital One Multi-Asset Execution Trust, Ser 2019-A3, Cl A3
2.060%, 08/15/2028		715		711
CARDS II Trust, Ser 2019-1A, Cl A
2.418%, VAR ICE LIBOR USD 1 Month+0.390%, 05/15/2024 (C)		750		750
World Financial Network Credit Card Master Trust, Ser 2018-B, Cl A
3.460%, 07/15/2025		496		508
World Financial Network Credit Card Master Trust, Ser 2019-C, Cl A
2.210%, 07/15/2026		2,021		2,020
				8,194
Mortgage Related Securities — 0.6%
Aegis Asset-Backed Securities Trust, Ser 2003-3, Cl M1
3.068%, VAR ICE LIBOR USD 1 Month+1.050%, 01/25/2034		505		495
Aegis Asset-Backed Securities Trust, Ser 2005-5, Cl 2A
2.268%, VAR ICE LIBOR USD 1 Month+0.250%, 12/25/2035		640		640
Argent Securities, Ser 2003-W5, Cl M1
3.068%, VAR ICE LIBOR USD 1 Month+1.050%, 10/25/2033		131		132
Bear Stearns Asset-Backed Securities I Trust, Ser 2004-HE6, Cl M1
2.873%, VAR ICE LIBOR USD 1 Month+0.855%, 08/25/2034		2,599		2,597
Bear Stearns Asset-Backed Securities Trust, Ser 2004-HE10, Cl M1
2.993%, VAR ICE LIBOR USD 1 Month+0.975%, 12/25/2034		407		407
Centex Home Equity, Ser 2006-A, Cl AV4
2.268%, VAR ICE LIBOR USD 1 Month+0.250%, 06/25/2036		1,247		1,245
Citifinancial Mortgage Securities, Ser 2004- 1, Cl AF4
5.070%, 04/25/2034		265		278

Description	Face Amount (Thousands)		Market Value ($ Thousands)
ASSET-BACKED SECURITIES (continued)
Citigroup Global Markets Mortgage Securities VII, Ser 2003-UP1, Cl A
3.950%, 04/25/2032 (C)	$	2	$	2
Citigroup Mortgage Loan Trust, Ser 2006- HE2, Cl A2D
2.258%, VAR ICE LIBOR USD 1 Month+0.240%, 08/25/2036		4,851		4,842
Citigroup Mortgage Loan Trust, Ser 2006- HE2, Cl M1
2.308%, VAR ICE LIBOR USD 1 Month+0.290%, 08/25/2036		4,960		4,882
Master Asset-Backed Securities Trust, Ser 2007-HE1, Cl A4
2.298%, VAR ICE LIBOR USD 1 Month+0.280%, 05/25/2037		5,500		4,799
Morgan Stanley ABS Capital I Trust, Ser 2005-HE1, Cl M1
2.693%, VAR ICE LIBOR USD 1 Month+0.675%, 12/25/2034		511		504
New Century Home Equity Loan Trust, Ser 2003-A, Cl A
2.738%, VAR ICE LIBOR USD 1 Month+0.720%, 10/25/2033 (C)		115		114
Option One Mortgage Loan Trust, Ser 2005- 4, Cl M1
2.458%, VAR ICE LIBOR USD 1 Month+0.440%, 11/25/2035		509		510
Option One Mortgage Loan Trust, Ser 2006- 1, Cl 1A1
2.238%, VAR ICE LIBOR USD 1 Month+0.220%, 01/25/2036		1,417		1,409
Structured Asset Securities Mortgage Pass-Through Certificates, Ser 2002-AL1, Cl A2
3.450%, 02/25/2032		21		20
				22,876
Other Asset-Backed Securities — 5.7%
Academic Loan Funding Trust, Ser 2012-1A, Cl A2
3.118%, VAR ICE LIBOR USD 1 Month+1.100%, 12/27/2044 (C)		1,669		1,669
American Tower Trust, Ser 2013-13, Cl 2A
3.070%, 03/15/2048 (C)		505		513
Ameriquest Mortgage Security Asset-Backed Pass-Through Certificates, Ser 2005-R10, Cl M1
2.428%, VAR ICE LIBOR USD 1 Month+0.410%, 01/25/2036		731		731
Apidos CLO XXI, Ser 2018-21A, Cl A1R
3.230%, VAR ICE LIBOR USD 3 Month+0.930%, 07/18/2027 (C)		620		620
Applebee’s Funding, Ser 2019-1A, Cl A2I
4.194%, 06/07/2049 (C)		1,870		1,913

  SEI Institutional Managed Trust / Annual Report / September 30, 2019   133

SCHEDULE OF INVESTMENTS

September 30, 2019

Core Fixed Income Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
ASSET-BACKED SECURITIES (continued)
Babson CLO, Ser 2017-IA, Cl AR
3.078%, VAR ICE LIBOR USD 3 Month+0.800%, 01/20/2028 (C)	$	1,175	$	1,173
Barings BDC Static CLO, Ser 2019-1A, Cl A1
3.323%, VAR ICE LIBOR USD 3 Month+1.020%, 04/15/2027 (C)		868		865
Brazos Higher Education Authority, Ser 2010- 1, Cl A2
3.332%, VAR ICE LIBOR USD 3 Month+1.200%, 02/25/2035		3,050		3,077
Brazos Higher Education Authority, Ser 2011- 2, Cl A3
3.276%, VAR ICE LIBOR USD 3 Month+1.000%, 10/27/2036		2,150		2,172
Carlyle Global Market Strategies CLO, Ser 2018-2A, Cl A1R
3.036%, VAR ICE LIBOR USD 3 Month+0.780%, 04/27/2027 (C)		1,575		1,574
Chase Funding Mortgage Loan Asset-Backed Certificates, Ser 2003-6, Cl 1A5
5.030%, 11/25/2034		52		55
CIT Education Loan Trust, Ser 2007-1, Cl A
2.196%, VAR ICE LIBOR USD 3 Month+0.090%, 03/25/2042 (C)		1,261		1,218
Citicorp Residential Mortgage Trust, Ser 2007-1, Cl A5
5.258%, 03/25/2037		1,970		2,043
Citicorp Residential Mortgage Trust, Ser 2007-1, Cl M1
5.258%, 03/25/2037		1,430		1,512
College Ave Student Loans, Ser 2019-A, Cl A2
3.280%, 12/28/2048 (C)		1,822		1,841
College Avenue Student Loans, Ser 2017-A, Cl A1
3.668%, VAR ICE LIBOR USD 1 Month+1.650%, 11/26/2046 (C)		803		805
College Avenue Student Loans, Ser 2018-A, Cl A2
4.130%, 12/26/2047 (C)		444		471
Commonbond Student Loan Trust, Ser 2018- BGS, Cl A1
3.560%, 09/25/2045 (C)		4,286		4,416
Commonbond Student Loan Trust, Ser 2018- CGS, Cl A1
3.870%, 02/25/2046 (C)		2,000		2,082
Community Funding CLO, Ser 2015-1A, Cl A
5.750%, 11/01/2027 (C)		1,487		1,548
Countrywide Asset-Backed Certificates, Ser 2004-5, Cl 1A
2.518%, VAR ICE LIBOR USD 1 Month+0.500%, 10/25/2034		477		474

Description	Face Amount (Thousands)		Market Value ($ Thousands)
ASSET-BACKED SECURITIES (continued)
Countrywide Asset-Backed Certificates, Ser 2004-6, Cl 1A1
2.558%, VAR ICE LIBOR USD 1 Month+0.540%, 12/25/2034	$	348	$	347
Countrywide Asset-Backed Certificates, Ser 2007-13, Cl 2A2
2.818%, VAR ICE LIBOR USD 1 Month+0.800%, 10/25/2047		1,933		1,878
Countrywide Home Equity Loan Trust, Ser 2006-F, Cl 2A1A
2.168%, VAR ICE LIBOR USD 1 Month+0.140%, 07/15/2036		447		429
CSMC Trust, Ser 2017-RPL1, Cl M2
3.082%, 07/25/2057 (B)(C)		1,760		1,595
CWABS Revolving Home Equity Loan Trust, Ser 2004-K, Cl 2A
2.328%, VAR ICE LIBOR USD 1 Month+0.300%, 02/15/2034		80		80
Dividend Solar Loans, Ser 2019-1, Cl A
3.670%, 08/22/2039 (C)		2,067		2,084
DRB Prime Student Loan Trust, Ser 2015-D, Cl A2
3.200%, 01/25/2040 (C)		176		179
Dryden 71 CLO, Ser 2019-71A, Cl A
3.453%, VAR ICE LIBOR USD 3 Month+1.150%, 01/15/2029 (C)		3,000		2,999
Dryden XXVI Senior Loan Fund, Ser 2018- 26A, Cl AR
3.203%, VAR ICE LIBOR USD 3 Month+0.900%, 04/15/2029 (C)		1,150		1,148
Earnest Student Loan Program, Ser 2016-D, Cl A2
2.720%, 01/25/2041 (C)		359		360
Educational Funding of the South, Ser 2011- 1, Cl A2
2.926%, VAR ICE LIBOR USD 3 Month+0.650%, 04/25/2035		896		890
Finance of America Structured Securities Trust, Ser 2018-HB1, Cl M2
4.087%, 09/25/2028 (B)(C)		2,000		2,041
First Franklin Mortgage Loan Asset-Backed Certificates, Ser 2004-FF5, Cl A3C
3.018%, VAR ICE LIBOR USD 1 Month+1.000%, 08/25/2034		450		450
First Franklin Mortgage Loan Asset-Backed Certificates, Ser 2005-FF8, Cl M1
2.753%, VAR ICE LIBOR USD 1 Month+0.735%, 09/25/2035		672		675
FNMA Grantor Trust, Ser 2017-T1, Cl A
2.898%, 06/25/2027		200		209
Galaxy XXIX CLO, Ser 2018-29A, Cl A
2.948%, VAR ICE LIBOR USD 3 Month+0.790%, 11/15/2026 (C)		2,564		2,561

  134   SEI Institutional Managed Trust / Annual Report / September 30, 2019

Description	Face Amount (Thousands)		Market Value ($ Thousands)
ASSET-BACKED SECURITIES (continued)
Global SC Finance, Ser 2014-1A, Cl A2
3.090%, 07/17/2029 (C)	$	817	$	817
GoldenTree Loan Opportunities IX, Ser 2018- 9A, Cl AR2
3.366%, VAR ICE LIBOR USD 3 Month+1.110%, 10/29/2029 (C)		3,000		2,997
GSAMP Trust, Ser 2003-SEA, Cl A1
2.418%, VAR ICE LIBOR USD 1 Month+0.400%, 02/25/2033		751		746
GSAMP Trust, Ser 2006-HE1, Cl A2D
2.328%, VAR ICE LIBOR USD 1 Month+0.310%, 01/25/2036		54		55
GSAMP Trust, Ser 2006-HE3, Cl A2D
2.268%, VAR ICE LIBOR USD 1 Month+0.250%, 05/25/2046		3,300		3,156
GSAMP Trust, Ser 2006-NC1, Cl A3
2.308%, VAR ICE LIBOR USD 1 Month+0.290%, 02/25/2036		1,715		1,716
Higher Education Funding, Ser 2014-1, Cl A
3.182%, VAR ICE LIBOR USD 3 Month+1.050%, 05/25/2034 (C)		1,955		1,963
Hilton Grand Vacations Trust, Ser 2014-AA, Cl A
1.770%, 11/25/2026 (C)		280		279
Hilton Grand Vacations Trust, Ser 2017-AA, Cl A
2.660%, 12/26/2028 (C)		785		787
Home Partners of America Trust, Ser 2019-2, Cl A
2.703%, 10/19/2039 (C)		1,840		1,846
HSI Asset Securitization Trust, Ser 2006- OPT3, Cl 3A3
2.198%, VAR ICE LIBOR USD 1 Month+0.180%, 02/25/2036		211		211
HSI Asset Securitization Trust, Ser 2006- OPT4, Cl 1A1
2.188%, VAR ICE LIBOR USD 1 Month+0.170%, 03/25/2036		1,037		1,032
JFIN CLO, Ser 2017-2A, Cl A1AR
3.448%, VAR ICE LIBOR USD 3 Month+1.170%, 07/20/2026 (C)		303		303
JGWPT XXX, Ser 2013-3A, Cl A
4.080%, 01/17/2073 (C)		946		1,028
JGWPT XXXII, Ser 2014-2A, Cl A
3.610%, 01/17/2073 (C)		1,281		1,367
LCM XIII, Ser 2019-13A, Cl ARR
3.325%, VAR ICE LIBOR USD 3 Month+1.140%, 07/19/2027 (C)		1,150		1,150
LCM XXI, Ser 2018-21A, Cl AR
3.158%, VAR ICE LIBOR USD 3 Month+0.880%, 04/20/2028 (C)		1,290		1,289

Description	Face Amount (Thousands)		Market Value ($ Thousands)
ASSET-BACKED SECURITIES (continued)
LMREC, Ser CRE2, Cl A
3.737%, VAR LIBOR USD 1 Month+1.700%, 11/24/2031 (C)	$	252	$	253
Magnetite VII, Ser 2018-7A, Cl A1R2
3.103%, VAR ICE LIBOR USD 3 Month+0.800%, 01/15/2028 (C)		1,000		996
Mid-State Trust, Ser 2003-11, Cl A1
4.864%, 07/15/2038		2,156		2,276
Mill City Mortgage Trust, Ser 2015-2, Cl A2
3.000%, 09/25/2057 (B)(C)		1,778		1,785
Morgan Stanley Resecuritization Trust, Ser 2015-R7, Cl 1BXA
8.618%, 02/26/2029 (B)(C)		930		1,017
Nationstar HECM Loan Trust, Ser 2018-1A, Cl M2
3.469%, 02/25/2028 (B)(C)		1,115		1,127
Navient Private Education Loan Trust, Ser 2014-AA, Cl A3
3.628%, VAR ICE LIBOR USD 1 Month+1.600%, 10/15/2031 (C)		1,330		1,354
Navient Private Education Loan Trust, Ser 2014-CTA, Cl A
2.728%, VAR ICE LIBOR USD 1 Month+0.700%, 09/16/2024 (C)		151		151
Navient Private Education Loan Trust, Ser 2016-AA, Cl A2B
4.178%, VAR ICE LIBOR USD 1 Month+2.150%, 12/15/2045 (C)		565		583
Navient Private Education Loan Trust, Ser 2017-A, Cl A2B
2.928%, VAR ICE LIBOR USD 1 Month+0.900%, 12/16/2058 (C)		1,884		1,888
Navient Private Education Loan Trust, Ser 2018-BA, Cl A2A
3.610%, 12/15/2059 (C)		423		443
Navient Private Education Refi Loan Trust, Ser 2018-A, Cl A2
3.190%, 02/18/2042 (C)		475		484
Navient Private Education Refi Loan Trust, Ser 2018-CA, Cl A2
3.520%, 06/16/2042 (C)		526		543
Navient Private Education Refi Loan Trust, Ser 2018-DA, Cl A2A
4.000%, 12/15/2059 (C)		1,816		1,899
Navient Private Education Refi Loan Trust, Ser 2019-A, Cl A2A
3.420%, 01/15/2043 (C)		2,108		2,199
Navient Private Education Refi Loan Trust, Ser 2019-CA, Cl A2
3.130%, 02/15/2068 (C)		1,499		1,540
Navient Private Education Refi Loan Trust, Ser 2019-D, Cl A2A
3.010%, 12/15/2059 (C)		1,761		1,783

  SEI Institutional Managed Trust / Annual Report / September 30, 2019   135

SCHEDULE OF INVESTMENTS

September 30, 2019

Core Fixed Income Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
ASSET-BACKED SECURITIES (continued)
Navient Student Loan Trust, Ser 2014-1, Cl A3
2.528%, VAR ICE LIBOR USD 1 Month+0.510%, 06/25/2031	$	4,282	$	4,248
Navient Student Loan Trust, Ser 2014-2, Cl A
2.658%, VAR ICE LIBOR USD 1 Month+0.640%, 03/25/2083		2,535		2,499
Navient Student Loan Trust, Ser 2014-3, Cl A
2.638%, VAR ICE LIBOR USD 1 Month+0.620%, 03/25/2083		2,642		2,601
Navient Student Loan Trust, Ser 2014-4, Cl A
2.638%, VAR ICE LIBOR USD 1 Month+0.620%, 03/25/2083		1,838		1,812
Navient Student Loan Trust, Ser 2015-1, Cl A2
2.618%, VAR ICE LIBOR USD 1 Month+0.600%, 04/25/2040		2,144		2,121
Navient Student Loan Trust, Ser 2016-1A, Cl A
2.718%, VAR ICE LIBOR USD 1 Month+0.700%, 02/25/2070 (C)		1,949		1,927
Navient Student Loan Trust, Ser 2016-2A, Cl A3
3.518%, VAR ICE LIBOR USD 1 Month+1.500%, 06/25/2065 (C)		1,270		1,314
Navient Student Loan Trust, Ser 2016-3A, Cl A2
2.868%, VAR ICE LIBOR USD 1 Month+0.850%, 06/25/2065 (C)		322		322
Navient Student Loan Trust, Ser 2016-5A, Cl A
3.268%, VAR ICE LIBOR USD 1 Month+1.250%, 06/25/2065 (C)		1,323		1,334
Navient Student Loan Trust, Ser 2017-1A, Cl A3
3.168%, VAR ICE LIBOR USD 1 Month+1.150%, 07/26/2066 (C)		1,000		1,010
Navient Student Loan Trust, Ser 2017-3A, Cl A3
3.068%, VAR ICE LIBOR USD 1 Month+1.050%, 07/26/2066 (C)		2,900		2,909
Navient Student Loan Trust, Ser 2017-5A, Cl A
2.818%, VAR ICE LIBOR USD 1 Month+0.800%, 07/26/2066 (C)		670		667
Navient Student Loan Trust, Ser 2018-EA, Cl A2
4.000%, 12/15/2059 (C)		1,170		1,239
Navient Student Loan Trust, Ser 2019-3A, Cl A
2.887%, VAR ICE LIBOR USD 1 Month+0.830%, 07/25/2068 (C)		4,189		4,189
Navient Student Loan Trust, Ser 2019-BA, Cl A2A
3.390%, 12/15/2059 (C)		1,416		1,477
Nelnet Student Loan Trust, Ser 2004-3, Cl A5
2.456%, VAR ICE LIBOR USD 3 Month+0.180%, 10/27/2036		743		725

Description	Face Amount (Thousands)		Market Value ($ Thousands)
ASSET-BACKED SECURITIES (continued)
Nelnet Student Loan Trust, Ser 2004-4, Cl A5
2.436%, VAR ICE LIBOR USD 3 Month+0.160%, 01/25/2037	$	1,332	$	1,308
Nelnet Student Loan Trust, Ser 2005-1, Cl A5
2.386%, VAR ICE LIBOR USD 3 Month+0.110%, 10/25/2033		3,759		3,693
Nelnet Student Loan Trust, Ser 2005-2, Cl A5
2.259%, VAR ICE LIBOR USD 3 Month+0.100%, 03/23/2037		2,859		2,815
Nelnet Student Loan Trust, Ser 2005-3, Cl A5
2.279%, VAR ICE LIBOR USD 3 Month+0.120%, 12/24/2035		3,626		3,598
Nelnet Student Loan Trust, Ser 2005-4, Cl A4
2.339%, VAR ICE LIBOR USD 3 Month+0.180%, 03/22/2032		554		535
Nelnet Student Loan Trust, Ser 2007-2A, Cl A3L
2.456%, VAR ICE LIBOR USD 3 Month+0.350%, 03/25/2026 (C)		63		62
Nelnet Student Loan Trust, Ser 2011-1A, Cl A
2.868%, VAR ICE LIBOR USD 1 Month+0.850%, 02/25/2048 (C)		370		370
Nelnet Student Loan Trust, Ser 2012-4A, Cl A
2.718%, VAR ICE LIBOR USD 1 Month+0.700%, 09/27/2038 (C)		888		888
Nelnet Student Loan Trust, Ser 2013-1A, Cl A
2.618%, VAR ICE LIBOR USD 1 Month+0.600%, 06/25/2041 (C)		686		676
Nelnet Student Loan Trust, Ser 2014-1A, Cl A
2.588%, VAR ICE LIBOR USD 1 Month+0.570%, 09/25/2041 (C)		451		446
Nelnet Student Loan Trust, Ser 2014-2A, Cl A3
2.868%, VAR ICE LIBOR USD 1 Month+0.850%, 07/27/2037 (C)		950		952
Nelnet Student Loan Trust, Ser 2014-4A, Cl A2
2.968%, VAR ICE LIBOR USD 1 Month+0.950%, 11/25/2048 (C)		2,155		2,123
Nelnet Student Loan Trust, Ser 2016-1A, Cl A
2.818%, VAR ICE LIBOR USD 1 Month+0.800%, 09/25/2065 (C)		1,559		1,565
Nelnet Student Loan Trust, Ser 2017-2A, Cl A
2.788%, VAR ICE LIBOR USD 1 Month+0.770%, 09/25/2065 (C)		752		749
Nelnet Student Loan Trust, Ser 2018-3A, Cl A2
2.458%, VAR ICE LIBOR USD 1 Month+0.440%, 09/27/2066 (C)		486		484
Nelnet Student Loan Trust, Ser 2019-4A, Cl A
3.039%, VAR ICE LIBOR USD 1 Month+0.870%, 09/26/2067 (C)		3,100		3,103
Ocean Trails CLO IV, Ser 2017-4A, Cl AR
3.076%, VAR ICE LIBOR USD 3 Month+0.900%, 08/13/2025 (C)		821		821

  136   SEI Institutional Managed Trust / Annual Report / September 30, 2019

Description	Face Amount (Thousands)		Market Value ($ Thousands)
ASSET-BACKED SECURITIES (continued)
Octagon Investment Partners 25, Ser 2018- 1A, Cl AR
3.078%, VAR ICE LIBOR USD 3 Month+0.800%, 10/20/2026 (C)	$	910	$	909
Orange Lake Timeshare Trust, Ser 2019-A, Cl A
3.060%, 04/09/2038 (C)		1,289		1,309
Origen Manufactured Housing, Ser 2006-A, Cl A2
4.143%, 10/15/2037 (B)		1,361		1,299
PFCA Home Equity Investment Trust, Ser 2004-GP2, Cl A
3.785%, 08/25/2035 (B)(C)		1,362		1,389
RAMP Trust, Ser 2006-RZ3, Cl M1
2.368%, VAR ICE LIBOR USD 1 Month+0.350%, 08/25/2036		6,530		6,508
RMF Buyout Issuance Trust, Ser 2018-1, Cl A
3.436%, 11/25/2028 (B)(C)		1,113		1,114
SBA Small Business Investment, Ser 2018-10B, Cl 1
3.548%, 09/10/2028		1,481		1,563
SBA Small Business Investment, Ser 2019-10A, Cl 1
3.113%, 03/10/2029		831		872
SBA Small Business Investment, Ser 2019-10B, Cl 1
2.283%, 09/10/2029		1,015		1,024
Scholar Funding Trust, Ser 2011-A, Cl A
3.156%, VAR ICE LIBOR USD 3 Month+0.900%, 10/28/2043 (C)		667		668
SLC Student Loan Trust, Ser 2005-2, Cl A4
2.279%, VAR ICE LIBOR USD 3 Month+0.160%, 12/15/2039		937		896
SLC Student Loan Trust, Ser 2005-3, Cl A4
2.269%, VAR ICE LIBOR USD 3 Month+0.150%, 12/15/2039		1,240		1,175
SLC Student Loan Trust, Ser 2007-1, Cl A5
2.248%, VAR ICE LIBOR USD 3 Month+0.090%, 02/15/2068		708		662
SLC Student Loan Trust, Ser 2008-1, Cl A4A
3.719%, VAR ICE LIBOR USD 3 Month+1.600%, 12/15/2032		839		857
SLM Private Credit Student Loan Trust, Ser 2004-B, Cl A3
2.449%, VAR ICE LIBOR USD 3 Month+0.330%, 03/15/2024		834		829
SLM Private Credit Student Loan Trust, Ser 2005-A, Cl A4
2.429%, VAR ICE LIBOR USD 3 Month+0.310%, 12/15/2038		1,560		1,522
SLM Student Loan Trust, Ser 2003-1, Cl A5C
2.869%, VAR ICE LIBOR USD 3 Month+0.750%, 12/15/2032 (C)		782		763

Description	Face Amount (Thousands)		Market Value ($ Thousands)
ASSET-BACKED SECURITIES (continued)
SLM Student Loan Trust, Ser 2003-7A, Cl A5A
3.319%, VAR ICE LIBOR USD 3 Month+1.200%, 12/15/2033 (C)	$	2,575	$	2,550
SLM Student Loan Trust, Ser 2005-3, Cl A6
2.426%, VAR ICE LIBOR USD 3 Month+0.150%, 04/25/2040		910		880
SLM Student Loan Trust, Ser 2005-4, Cl A4
2.446%, VAR ICE LIBOR USD 3 Month+0.170%, 07/25/2040		3,000		2,838
SLM Student Loan Trust, Ser 2006-1, Cl A5
2.386%, VAR ICE LIBOR USD 3 Month+0.110%, 07/26/2021		2,287		2,271
SLM Student Loan Trust, Ser 2006-10, Cl A6
2.426%, VAR ICE LIBOR USD 3 Month+0.150%, 03/25/2044		1,220		1,163
SLM Student Loan Trust, Ser 2006-2, Cl A6
2.446%, VAR ICE LIBOR USD 3 Month+0.170%, 01/25/2041		484		466
SLM Student Loan Trust, Ser 2006-3, Cl A5
2.376%, VAR ICE LIBOR USD 3 Month+0.100%, 01/25/2021		1,369		1,352
SLM Student Loan Trust, Ser 2006-8, Cl A6
2.436%, VAR ICE LIBOR USD 3 Month+0.160%, 01/25/2041		2,440		2,331
SLM Student Loan Trust, Ser 2007-2, Cl A4
2.336%, VAR ICE LIBOR USD 3 Month+0.060%, 07/25/2022		1,946		1,898
SLM Student Loan Trust, Ser 2007-7, Cl B
3.026%, VAR ICE LIBOR USD 3 Month+0.750%, 10/27/2070		1,050		967
SLM Student Loan Trust, Ser 2008-2, Cl A3
3.026%, VAR ICE LIBOR USD 3 Month+0.750%, 04/25/2023		950		941
SLM Student Loan Trust, Ser 2008-2, Cl B
4.160%, VAR ICE LIBOR USD 3 Month+1.200%, 01/25/2083		685		656
SLM Student Loan Trust, Ser 2008-3, Cl B
3.476%, VAR ICE LIBOR USD 3 Month+1.200%, 04/26/2083		685		659
SLM Student Loan Trust, Ser 2008-4, Cl A4
3.926%, VAR ICE LIBOR USD 3 Month+1.650%, 07/25/2022		765		773
SLM Student Loan Trust, Ser 2008-4, Cl B
4.126%, VAR ICE LIBOR USD 3 Month+1.850%, 04/25/2073		685		680
SLM Student Loan Trust, Ser 2008-5, Cl A4
3.976%, VAR ICE LIBOR USD 3 Month+1.700%, 07/25/2023		138		139
SLM Student Loan Trust, Ser 2008-5, Cl B
4.126%, VAR ICE LIBOR USD 3 Month+1.850%, 07/25/2073		685		686

  SEI Institutional Managed Trust / Annual Report / September 30, 2019   137

SCHEDULE OF INVESTMENTS

September 30, 2019

Core Fixed Income Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
ASSET-BACKED SECURITIES (continued)
SLM Student Loan Trust, Ser 2008-6, Cl A4
3.376%, VAR ICE LIBOR USD 3 Month+1.100%, 07/25/2023	$	3,771	$	3,757
SLM Student Loan Trust, Ser 2008-6, Cl B
4.126%, VAR ICE LIBOR USD 3 Month+1.850%, 07/26/2083		685		680
SLM Student Loan Trust, Ser 2008-7, Cl B
4.126%, VAR ICE LIBOR USD 3 Month+1.850%, 07/26/2083		685		681
SLM Student Loan Trust, Ser 2008-8, Cl B
4.526%, VAR ICE LIBOR USD 3 Month+2.250%, 10/25/2075		685		689
SLM Student Loan Trust, Ser 2008-9, Cl A
3.776%, VAR ICE LIBOR USD 3 Month+1.500%, 04/25/2023		1,708		1,718
SLM Student Loan Trust, Ser 2008-9, Cl B
4.526%, VAR ICE LIBOR USD 3 Month+2.250%, 10/25/2083		685		690
SLM Student Loan Trust, Ser 2009-3, Cl A
2.768%, VAR ICE LIBOR USD 1 Month+0.750%, 01/25/2045 (C)		646		644
SLM Student Loan Trust, Ser 2010-1, Cl A
2.418%, VAR ICE LIBOR USD 1 Month+0.400%, 03/25/2025		428		416
SLM Student Loan Trust, Ser 2012-1, Cl A3
2.968%, VAR ICE LIBOR USD 1 Month+0.950%, 09/25/2028		2,099		2,074
SLM Student Loan Trust, Ser 2012-2, Cl A
2.718%, VAR ICE LIBOR USD 1 Month+0.700%, 01/25/2029		1,792		1,752
SLM Student Loan Trust, Ser 2012-6, Cl A3
2.768%, VAR ICE LIBOR USD 1 Month+0.750%, 05/26/2026		400		395
SLM Student Loan Trust, Ser 2013-B, Cl A2B
3.128%, VAR ICE LIBOR USD 1 Month+1.100%, 06/17/2030 (C)		5		5
SLM Student Loan Trust, Ser 2013-M1, Cl M1
3.500%, 10/28/2029 (C)		355		353
SMB Private Education Loan Trust, Ser 2015-A, Cl A2B
3.028%, VAR ICE LIBOR USD 1 Month+1.000%, 06/15/2027 (C)		721		723
SMB Private Education Loan Trust, Ser 2015-C, Cl A2B
3.428%, VAR ICE LIBOR USD 1 Month+1.400%, 07/15/2027 (C)		353		357
SMB Private Education Loan Trust, Ser 2016-A, Cl A2A
2.700%, 05/15/2031 (C)		1,395		1,407
SMB Private Education Loan Trust, Ser 2016-A, Cl A2B
3.528%, VAR ICE LIBOR USD 1 Month+1.500%, 05/15/2031 (C)		1,901		1,930

Description	Face Amount (Thousands)		Market Value ($ Thousands)
ASSET-BACKED SECURITIES (continued)
SMB Private Education Loan Trust, Ser 2016- B, Cl A2A
2.430%, 02/17/2032 (C)	$	682	$	684
SMB Private Education Loan Trust, Ser 2016- B, Cl A2B
3.478%, VAR ICE LIBOR USD 1 Month+1.450%, 02/17/2032 (C)		2,189		2,230
SMB Private Education Loan Trust, Ser 2016- C, Cl A2B
3.128%, VAR ICE LIBOR USD 1 Month+1.100%, 09/15/2034 (C)		711		717
SMB Private Education Loan Trust, Ser 2017-A, Cl A2B
2.928%, VAR ICE LIBOR USD 1 Month+0.900%, 09/15/2034 (C)		2,297		2,301
SMB Private Education Loan Trust, Ser 2017-B, Cl A2A
2.820%, 10/15/2035 (C)		688		697
SMB Private Education Loan Trust, Ser 2017-B, Cl A2B
2.778%, VAR ICE LIBOR USD 1 Month+0.750%, 10/15/2035 (C)		1,685		1,685
SMB Private Education Loan Trust, Ser 2018-C, Cl A2A
3.630%, 11/15/2035 (C)		689		718
SMB Private Education Loan Trust, Ser 2019-A, Cl A2A
3.440%, 07/15/2036 (C)		1,593		1,661
SoFi Consumer Loan Program Trust, Ser 2017-4, Cl A
2.500%, 05/26/2026 (C)		1,677		1,679
SoFi Consumer Loan Program Trust, Ser 2018-1, Cl A1
2.550%, 02/25/2027 (C)		141		141
SoFi Consumer Loan Program Trust, Ser 2018-2, Cl A2
3.350%, 04/26/2027 (C)		425		429
SoFi Consumer Loan Program Trust, Ser 2018-3, Cl A1
3.200%, 08/25/2027 (C)		931		934
SoFi Consumer Loan Program Trust, Ser 2019-3, Cl A
2.900%, 05/25/2028 (C)		1,129		1,137
SoFi Consumer Loan Program Trust, Ser 2019-4, Cl A
2.450%, 08/25/2028 (C)		1,920		1,922
SoFi Consumer Loan Program, Ser 2017-6, Cl A2
2.820%, 11/25/2026 (C)		202		203
SoFi Professional Loan Program, Ser 2016-D, Cl A1
2.968%, VAR ICE LIBOR USD 1 Month+0.950%, 01/25/2039 (C)		101		102

  138   SEI Institutional Managed Trust / Annual Report / September 30, 2019

Description		Face Amount (Thousands)			Market Value ($ Thousands)
ASSET-BACKED SECURITIES (continued)
SoFi Professional Loan Program, Ser 2016-E, Cl A1
2.868%, VAR ICE LIBOR USD 1 Month+0.850%, 07/25/2039 (C)	$		218	$		219
SoFi Professional Loan Program, Ser 2017-A, Cl A1
2.718%, VAR ICE LIBOR USD 1 Month+0.700%, 03/26/2040 (C)			218			219
SoFi Professional Loan Program, Ser 2017-E, Cl A1
2.518%, VAR ICE LIBOR USD 1 Month+0.500%, 11/26/2040 (C)			152			152
SoFi Professional Loan Program, Ser 2017-E, Cl A2B
2.720%, 11/26/2040 (C)			2,162			2,202
SoFi Professional Loan Program, Ser 2018-A, Cl A2B
2.950%, 02/25/2042 (C)			526			536
South Carolina Student Loan, Ser 2015-A, Cl A
3.518%, VAR ICE LIBOR USD 1 Month+1.500%, 01/25/2036			1,318			1,325
Structured Asset Investment Loan Trust, Ser 2004-8, Cl A2
2.568%, VAR ICE LIBOR USD 1 Month+0.550%, 09/25/2034			495			487
Structured Asset Investment Loan Trust, Ser 2005-HE1, Cl M1
2.488%, VAR ICE LIBOR USD 1 Month+0.470%, 07/25/2035			640			641
TCI-Flatiron CLO, Ser 2016-1A, Cl AR
3.523%, VAR ICE LIBOR USD 3 Month+1.220%, 07/17/2028 (C)			1,500			1,500
Towd Point Mortgage Trust, Ser 2015-5, Cl A1B
2.750%, 05/25/2055 (B)(C)			336			337
Towd Point Mortgage Trust, Ser 2017-4, Cl A1
2.750%, 06/25/2057 (B)(C)			1,897			1,912
Towd Point Mortgage Trust, Ser 2017-5, Cl A1
2.618%, VAR ICE LIBOR USD 1 Month+0.600%, 02/25/2057 (C)			1,453			1,447
Towd Point Mortgage Trust, Ser 2019-MH1, Cl A1
3.000%, 11/25/2058 (B)(C)			900			906
United States Small Business Administration, Ser 2019-20D, Cl 1
2.980%, 04/01/2039			430			448
United States Small Business Administration, Ser 2019-25G, Cl 1
2.690%, 07/01/2044			400			413
Verizon Owner Trust, Ser 2016-2A, Cl A
1.680%, 05/20/2021 (C)			531			531

Description		Face Amount (Thousands)			Market Value ($ Thousands)
ASSET-BACKED SECURITIES (continued)
Verizon Owner Trust, Ser 2017-1A, Cl A
2.060%, 09/20/2021 (C)	$		789	$		789
Verizon Owner Trust, Ser 2017-2A, Cl A
1.920%, 12/20/2021 (C)			1,252			1,251
Wells Fargo Home Equity Asset-Backed Securities Trust, Ser 2006-2, Cl A4
2.268%, VAR ICE LIBOR USD 1 Month+0.250%, 07/25/2036			420			419
						240,196
Total Asset-Backed Securities (Cost $324,413) ($ Thousands)						331,271
SOVEREIGN DEBT — 1.9%
Abu Dhabi Government International Bond
3.125%, 09/30/2049 (C)			1,003			971
2.500%, 10/11/2022 (C)			1,010			1,020
2.500%, 09/30/2029 (C)			713			708
2.125%, 09/30/2024 (C)			542			539
Argentine Bonos del Tesoro
18.200%, 10/03/2021	ARS		19,870			93
Argentine Republic Government International Bond
7.625%, 04/22/2046	$		180			78
7.500%, 04/22/2026			470			204
7.125%, 07/06/2036			220			94
6.875%, 04/22/2021			190			93
6.875%, 01/11/2048			2,010			844
5.625%, 01/26/2022			820			353
3.750%, 5.250%, 03/31/2029, 12/31/2038 (D)(E)			1,460			573
Brazil Notas do Tesouro Nacional, Ser F
10.000%, 01/01/2021	BRL		23,399			5,934
10.000%, 01/01/2023			3,994			1,064
10.000%, 01/01/2027			571			160
Brazilian Government International Bond
5.625%, 01/07/2041	$		1,120			1,253
5.000%, 01/27/2045			3,400			3,522
4.625%, 01/13/2028			2,460			2,614
2.625%, 01/05/2023			200			200
China Government Bond
3.390%, 05/21/2025	CNY		2,000			286
3.310%, 11/30/2025			11,500			1,643
Colombia Government International Bond
5.625%, 02/26/2044	$		460			575
5.000%, 06/15/2045 (D)			830			971
Ecuador Government International Bond
7.875%, 01/23/2028 (C)			380			360
Egypt Government International Bond
5.577%, 02/21/2023 (C)			410			418
Export-Import Bank of India
3.375%, 08/05/2026 (C)			350			359

  SEI Institutional Managed Trust / Annual Report / September 30, 2019   139

SCHEDULE OF INVESTMENTS

September 30, 2019

Core Fixed Income Fund(Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
SOVEREIGN DEBT (continued)
Indonesia Government International Bond
5.875%, 03/13/2020	$	240	$	244
5.875%, 01/15/2024 (C)		840		945
5.250%, 01/08/2047 (C)		400		488
5.125%, 01/15/2045 (C)		400		477
4.350%, 01/11/2048 (D)		460		507
3.850%, 07/18/2027 (C)		800		844
3.750%, 04/25/2022 (C)		740		763
3.500%, 01/11/2028 (D)		400		413
Japan Finance Organization for Municipalities
4.000%, 01/13/2021		1,800		1,845
Kenya Government International Bond
7.250%, 02/28/2028 (C)		200		207
6.875%, 06/24/2024		200		211
Kuwait International Government Bond
3.500%, 03/20/2027 (C)		930		1,002
Mexico Government International Bond
6.050%, 01/11/2040 (D)		1,210		1,523
4.750%, 03/08/2044		9,200		9,959
4.600%, 02/10/2048		575		615
4.500%, 04/22/2029		2,497		2,712
4.500%, 01/31/2050		363		382
3.750%, 01/11/2028		390		402
3.600%, 01/30/2025		3,300		3,427
Nigeria Government International Bond
7.143%, 02/23/2030 (C)		240		246
6.500%, 11/28/2027 (C)(D)		220		222
Paraguay Government International Bond
5.400%, 03/30/2050 (C)		613		695
Peruvian Government International Bond
5.625%, 11/18/2050		600		879
Province of Quebec Canada
2.625%, 02/13/2023		620		638
Provincia de Buenos Aires
9.125%, 03/16/2024 (C)		230		84
7.875%, 06/15/2027 (C)		250		90
6.500%, 02/15/2023 (C)		300		105
Qatar Government International Bond
4.817%, 03/14/2049 (C)		1,440		1,781
4.000%, 03/14/2029 (C)(D)		880		975
3.875%, 04/23/2023		430		455
3.250%, 06/02/2026		200		210
Republic of Poland Government International Bond
5.000%, 03/23/2022		100		107
4.000%, 01/22/2024		1,227		1,329
Russian Federal Bond - OFZ
8.150%, 02/03/2027	RUB	315,940		5,242
7.650%, 04/10/2030		63,630		1,030
7.250%, 05/10/2034		24,200		377
7.000%, 01/25/2023		34,160		533

Description	Face Amount (Thousands)		Market Value ($ Thousands)
SOVEREIGN DEBT (continued)
7.000%, 08/16/2023	RUB	231,430	$	3,617
6.900%, 05/23/2029		236,400		3,643
Russian Foreign Bond - Eurobond
7.500%, 03/31/2030 (C)	$	652		742
5.625%, 04/04/2042		1,800		2,216
4.875%, 09/16/2023		200		218
Saudi Government International Bond MTN
2.875%, 03/04/2023 (C)		360		366
Total Sovereign Debt (Cost $76,777) ($ Thousands)				77,695
LOAN PARTICIPATIONS — 0.8%
1011778 B.C. Unlimited Liability Company (New Red Finance, Inc.) (aka Burger King/ Tim Hortons), Term B-3 Loan, 1st Lien
4.294%, VAR LIBOR+2.250%, 02/16/2024		276		277
Air Medical Group Holdings, Inc., 2018 Term Loan, 1st Lien
5.307%, VAR LIBOR+3.250%, 04/28/2022		468		438
Albertson’s LLC, 2019 Term B-8 Loan, 1st Lien
4.862%, 08/17/2026		464		466
Albertson’s LLC, 2019-1 Term B-7 Loan, 1st Lien
4.794%, 11/17/2025		138		139
Allied Universal Holdco LLC (f/k/a USAGM Holdco, LLC), Initial Term Loan, 1st Lien
6.507%, 07/10/2026		300		300
Alterra Mountain Company, Initial Bluebird Term Loan, 1st Lien
5.044%, VAR LIBOR+3.250%, 07/31/2024		576		576
APi Group, Term B Loan, 1st Lien
2.500%, 09/25/2026		410		411
Aramark Intermediate HoldCo Corp., Term Loan B, 1st Lien
3.794%, VAR LIBOR+1.750%, 03/11/2025		424		424
Asurion, LLC (fka Asurion Corporation), Amendment No. 14 Replacement B-4 Term Loan, 1st Lien
5.044%, VAR LIBOR+2.750%, 08/04/2022		732		735
Asurion, LLC (fka Asurion Corporation), New B-7 Term Loan, 1st Lien
5.044%, 11/03/2024		527		528
Athenahealth, Inc., Term Loan B, 1st Lien
6.681%, 02/11/2026		983		979
6.539%, 02/11/2026		2		2

  140   SEI Institutional Managed Trust / Annual Report / September 30, 2019

Description		Face Amount (Thousands)			Market Value ($ Thousands)
LOAN PARTICIPATIONS (continued)
Atlantic Aviation FBO, Term Loan B, 1st Lien
5.870%, 12/06/2025	$		159	$		160
Avolon TLB Borrower 1 (US) LLC, Term B-3 Loan, 1st Lien
3.794%, VAR LIBOR+2.000%, 01/15/2025			1,093			1,096
Bausch Health Companies Inc., Initial Term Loan, 1st Lien
5.039%, VAR LIBOR+3.000%, 06/02/2025			410			411
Berry Global, Inc. (fka Berry Plastics Corporation), Term Q Loan, 1st Lien
4.299%, VAR LIBOR+2.000%, 10/01/2022			160			161
Blackstone CQP Holdco LP, Initial Term Loan, 1st Lien
5.656%, 09/30/2024			200			200
Boyd Gaming Corporation, Refinancing Term B Loan, 1st Lien
4.166%, VAR LIBOR+2.500%, 09/15/2023			86			86
Brightview Landscapes LLC, Initial Term Loan, 1st Lien
4.938%, 08/15/2025			72			72
4.563%, 08/15/2025			86			86
Caesars Resort Collection, LLC (fka Caesars Growth Properties Holdings, LLC), Term B Loan, 1st Lien
4.794%, VAR LIBOR+2.750%, 12/23/2024			665			661
CBS Radio Inc., Additional Term B-1 Loan, 1st Lien
4.804%, VAR LIBOR+2.750%, 11/18/2024			32			32
Change Healthcare Holdings, Inc. (fka Emdeon Inc.), Closing Date Term Loan, 1st Lien
4.544%, VAR LIBOR+2.750%, 03/01/2024			711			708
Charter Communications Operating LLC, Term Loan B, 1st Lien
4.050%, VAR LIBOR+2.000%, 04/30/2025			276			278
Citadel Securities, Term Loan B, 1st Lien
5.544%, 02/27/2026			499			500
CityCenter Holdings, LLC , Term B Loan, 1st Lien
4.294%, VAR LIBOR+2.250%, 04/18/2024 (F)			362			363
Dell International L.L.C. (EMC Corporation), Refinancing Term B-1 Loan, 1st Lien
4.050%, 09/12/2025			188			189

Description		Face Amount (Thousands)			Market Value ($ Thousands)
LOAN PARTICIPATIONS (continued)
Delos Finance, New Loan (2018), 1st Lien
3.854%, VAR LIBOR+1.750%, 10/06/2023	$		675	$		677
Diamond Sports Group, LLC, Term Loan, 1st Lien
5.300%, 08/24/2026 (F)			260			261
DigiCert Holdings, Inc., Initial Term Loan, 1st Lien
6.044%, 08/07/2026 (F)			810			807
6.044%, 10/31/2024			1,267			1,263
Edelman Financial Center, Term Loan B, 1st Lien
5.307%, 07/21/2025			417			417
First Eagle Holdings, Inc. (fka Arnhold and S. Bleichroeder Holdings, Inc.), Refinancing Term Loan
4.854%, 12/02/2024			308			308
Flying Fortress Holdings, LLC (fka Flying Fortress Inc.), New Loan (2018), 1st Lien
3.854%, VAR LIBOR+1.750%, 10/30/2022			411			412
Focus Financial Partners, LLC, Tranche B-2 Term Loan, 1st Lien
4.544%, 07/03/2024 (F)			479			480
Four Seasons Holdings Inc., Term Loan 2013, 1st Lien
4.044%, 11/30/2023			267			268
Golden Nugget, Inc., Initial B Term Loan, 1st Lien
4.807%, VAR LIBOR+2.750%, 10/04/2023			110			110
4.794%, VAR LIBOR+2.750%, 10/04/2023			138			137
Harrah’s, Term Loan, 1st Lien
4.044%, 10/07/2024			444			444
HCA Inc., Tranche B-10 Term Loan
4.044%, VAR LIBOR+2.000%, 03/13/2025			244			244
Hilton Worldwide Finance LLC, Refinanced Series B-2 Term Loan, 1st Lien
3.768%, 06/22/2026			428			431
iHeartCommunications, Inc. (fka Clear Channel Communications, Inc.), Initial Term Loan, 1st Lien
6.100%, 05/01/2026 (F)			633			637
Intelsat Jackson Holdings S.A., Tranche B-3 Term Loan, 1st Lien
5.804%, 11/27/2023			250			251
Jaguar Holding Company I, LLC (fka Jaguar Holding Company I), 2018 Term Loan, 1st Lien
4.544%, VAR LIBOR+2.500%, 08/18/2022			263			263

  SEI Institutional Managed Trust / Annual Report / September 30, 2019   141

SCHEDULE OF INVESTMENTS

September 30, 2019

Core Fixed Income Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
LOAN PARTICIPATIONS (continued)
Jane Street Group, LLC, Dollar Term Loan (2018), 1st Lien
5.044%, 08/25/2022	$	536	$	535
Level 3 Financing, Inc., Tranche B 2024 Term Loan, 1st Lien
4.353%, VAR LIBOR+2.250%, 02/22/2024		1,248		1,250
LPL Holdings, Term Loan B (2017)
4.304%, 09/23/2024		109		110
McAfee, LLC, Term B USD Loan
5.794%, 09/30/2024		629		630
MGM Growth Properties, Term B Loan, 1st Lien
4.044%, VAR LIBOR+2.000%, 04/25/2023		244		244
Michaels Stores, Inc., 2018 New Replacement Term B Loan
4.546%, VAR LIBOR+2.500%, 01/30/2023		114		111
Michaels Stores, Inc., 2018 New Replacement Term B Loan, 1st Lien
4.546%, VAR LIBOR+2.500%, 01/30/2023		317		309
Micro Focus, MA FinanceCo
4.544%, 06/21/2024		12		12
MPH Acquisition Holdings LLC, Initial Term Loan, 1st Lien
4.854%, VAR LIBOR+2.750%, 06/07/2023		1,111		1,057
Nexstar Broadcasting, Inc., Term B-4 Loan, 1st Lien
4.807%, 09/21/2026 (F)		670		673
Numericable U.S. LLC, Term Loan B, 1st Lien
5.715%, 01/31/2026		288		286
Option Care Health, Inc., Term B Loan, 1st Lien
6.544%, 08/06/2026		540		538
Panther BF Aggregator 2 L P, Initial Dollar Term Loan, 1st Lien
5.544%, 04/30/2026		680		673
Party City Holdings Inc., 2018 Replacement Term Loan, 1st Lien
4.550%, 08/19/2022		235		232
PCI Gaming Authority, Term B Facility Loan
5.044%, 05/29/2026		530		533
Phoenix Guarantor Inc., Initial Term Loan, 1st Lien
6.567%, 03/05/2026		623		624
Prime Security Services Borrower, LLC (aka Protection 1 Security Solutions) , 2019 Refinancing Term B-1 Loan, 1st Lien
5.210%, 09/23/2026		1,052		1,041

Description	Face Amount (Thousands)		Market Value ($ Thousands)
LOAN PARTICIPATIONS (continued)
Regionalcare Hospital Partners Holdings, Inc., Term B Loan, 1st Lien
6.554%, 11/16/2025	$	1,143	$	1,143
Reynolds Group Holdings Inc., Incremental U.S. Term Loan, 1st Lien
4.794%, VAR LIBOR+2.750%, 02/05/2023		927		927
RPI Finance Trust, Initial Term Loan B-6
4.044%, VAR LIBOR+2.000%, 03/27/2023		1,048		1,053
Scientific Games International, Inc., Initial Term B-5 Loan, 1st Lien
4.896%, VAR LIBOR+2.750%, 08/14/2024		1,143		1,132
4.794%, VAR LIBOR+2.750%, 08/14/2024		276		273
Seattle SpinCo, Inc., Initial Term Loan, 1st Lien
4.544%, VAR LIBOR+2.750%, 06/21/2024		79		78
Sprint Communications, Inc., Initial Term Loan, 1st Lien
4.563%, VAR LIBOR+2.500%, 02/02/2024		61		61
Stars Group Holdings B.V., USD Term Loan, 1st Lien
5.604%, 07/10/2025		46		47
The Servicemaster Company LLC, Term Loan, 1st Lien
4.544%, 11/08/2023		17		17
TKC Holdings, Inc. Term Loan B
5.800%, 02/01/2023		1,224		1,200
Trans Union, LLC, Term Loan B3, 1st Lien
4.044%, VAR LIBOR+2.000%, 04/10/2023		270		271
UFC Holdings, LLC, Term Loan, 1st Lien
5.300%, 04/29/2026		637		638
Univision Communications Inc., 2017 Replacement Repriced First-Lien Term Loan, 1st Lien
4.794%, VAR LIBOR+2.750%, 03/15/2024		1,069		1,038
VFH Parent LLC, Initial Term Loan, 1st Lien
5.632%, 03/01/2026 (F)		80		80
VICI Properties 1 LLC, Term Loan B, 1st Lien
4.046%, VAR LIBOR+2.000%, 12/20/2024		125		125
Virgin Media Bristol LLC, K Facility, Term Loan, 1st Lien
4.528%, VAR LIBOR+2.500%, 01/15/2026		907		907

  142   SEI Institutional Managed Trust / Annual Report / September 30, 2019

Description	Face Amount (Thousands)		Market Value ($ Thousands)
LOAN PARTICIPATIONS (continued)
Western Digital Corporation, Term Loan B-4
3.862%, VAR LIBOR+1.750%, 04/29/2023	$	163	$	163
Ziggo Secured Finance Partnership, Term Loan E Facility, 1st Lien
4.528%, VAR LIBOR+2.500%, 04/15/2025		121		121
Total Loan Participations (Cost $35,939) ($ Thousands)				35,820
U.S. GOVERNMENT AGENCY OBLIGATIONS — 0.4%
FHLB
2.125%, 02/11/2020		430		430
1.375%, 11/15/2019		1,370		1,369
FHLB DN
2.750%, 01/23/2020		5,070		5,040
1.958%, 10/28/2019 (A)		4,670		4,664
FNMA
3.126%, 10/09/2019 (A)		5,040		5,037
Tennessee Valley Authority
3.875%, 02/15/2021		1,510		1,553
Total U.S. Government Agency Obligations (Cost $18,049) ($ Thousands)				18,093
MUNICIPAL BONDS — 0.3%
California — 0.1%
California State, GO
7.600%, 11/01/2040		145		245
Los Angeles, Community College District, GO
6.750%, 08/01/2049		1,048		1,753
				1,998
Georgia — 0.1%
Municipal Electric Authority of Georgia, RB
7.055%, 04/01/2057		1,085		1,529
Illinois — 0.0%
Illinois State, GO
5.100%, 06/01/2033 (D)		115		125
Nevada — 0.0%
Clark County, Department of Aviation, Ser C, RB
6.820%, 07/01/2045		728		1,194
New York — 0.1%
New York and New Jersey, Port Authority, RB
4.458%, 10/01/2062		1,460		1,856

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
New York City, GO
Callable 12/01/2020 @ 100 6.646%, 12/01/2031	$	900	$	948
New York City, Transitional Finance Authority, Future Tax Secured Revenue, RB
5.508%, 08/01/2037		275		363
New York City, Water & Sewer System, RB
5.952%, 06/15/2042		750		1,102
New York State, Dormitory Authority, RB
5.289%, 03/15/2033		850		1,056
				5,325
Ohio — 0.0%
Ohio State University, Ser A, RB
4.800%, 06/01/2111		433		576
Texas — 0.0%
North Texas, Tollway Authority, Ser B, RB
6.718%, 01/01/2049 (D)		632		1,035
Total Municipal Bonds (Cost $9,584) ($ Thousands)				11,782
	Shares
AFFILIATED PARTNERSHIP — 2.2%
SEI Liquidity Fund, L.P.
2.010% **†(G)		91,053,739		91,034
Total Affiliated Partnership (Cost $91,027) ($ Thousands)				91,034
CASH EQUIVALENT — 2.6%
SEI Daily Income Trust, Government Fund, Cl F
1.800%**†		109,508,632		109,509
Total Cash Equivalent (Cost $109,509) ($ Thousands)				109,509

  SEI Institutional Managed Trust / Annual Report / September 30, 2019   143

SCHEDULE OF INVESTMENTS

September 30, 2019

Core Fixed Income Fund (Continued)

Description		Face Amount (Thousands)		Market Value ($ Thousands)
REPURCHASE AGREEMENT — 0.7%
Deutsche Bank
2.340%, dated 09/30/2019, to be repurchased on 10/01/2019, repurchase price $30,001,950 (collateralized by Treasury Inflation Protected Security, par value $30,520,763, 0.250%, 01/15/2025; total market value $30,606,000) (H)	$		30,000	$	30,000
Total Repurchase Agreement (Cost $30,000) ($ Thousands)					30,000
Total Investments in Securities — 109.7% (Cost $4,487,527) ($ Thousands)				$	4,606,664

Description	Contracts			Market Value ($ Thousands)
PURCHASED OPTIONS* — 0.1%
Total Purchased Options(l) (Cost $2,246) ($ Thousands)		33,178,900		$	2,223
WRITTEN OPTIONS* — 0.0%
Total Written Options(l) (Premiums Received $1,439) ($ Thousands)		(3,489	)	$	(1,216	)

A list of the exchange traded option contracts held by the Fund at September 30, 2019, is as follows:

Description	Number of Contracts			Notional Amount (Thousands)			Exercise Price		Expiration Date		Value (Thousands)
PURCHASED OPTIONS — 0.1%
Put Options
November 2019, U.S. 10 Year Future Option*		757		$	98,646			$128.00		10/19/19	$	59
November 2019, U.S. 10 Year Future Option*		867			112,981			129.00		10/19/19		189
November 2019, U.S. Bond Future Option*		716			116,216			158.00		10/19/19		224
					327,843							472
Call Options
November 2019, U.S. 10 Year Future Option*		353			46,000			130.00		10/19/19		298
November 2019, U.S. 10 Year Future Option*		1,188			154,811			131.00		10/19/19		483
November 2019, U.S. 10 Year Future Option*		867			112,981			132.00		10/19/19		149
November 2019, U.S. 10 Year Future Option*		404			52,646			132.50		10/19/19		44
November 2019, U.S. 5 Year Future Option*		317			37,770			119.50		10/19/19		87
November 2019, U.S. Bond Future Option*		716			116,216			166.00		10/19/19		336
					520,424							1,397
Total Purchased Options				$	848,267						$	1,869
WRITTEN OPTIONS — 0.0%
Put Options
November 2019, U.S. 10 Year Future Option*		(476	)	$	(62,029	)		126.00		10/19/19	$	(7	)
November 2019, U.S. 10 Year Future Option*		(291	)		(37,921	)		130.00		10/19/19		(155	)
November 2019, U.S. 10 Year Future Option*		(289	)		(37,660	)		130.50		10/19/19		(226	)
November 2019, U.S. 5 Year Future Option*		(1,188	)		(141,548	)		116.00		10/19/19		(18	)
December 2019, U.S. Bond Future Option*		(358	)		(58,108	)		158.00		11/16/19		(263	)
					(337,266)							(669)
Call Options
November 2019, U.S. 10 Year Future Option*		(289	)		(37,660	)		130.50		10/19/19		(172	)
November 2019, U.S. 10 Year Future Option*		(240	)		(31,275	)		133.50		10/19/19		(11	)

  144   SEI Institutional Managed Trust / Annual Report / September 30, 2019

Description	Number of Contracts			Notional Amount (Thousands)			Exercise Price		Expiration Date		Value (Thousands)
WRITTEN OPTIONS (continued)
December 2019, U.S. Bond Future Option*		(358	)	$	(58,108	)		$166.00		11/16/19	$	(364	)
					(127,043	)						(547	)
Total Written Options				$	(464,309	)					$	(1,216	)

A list of the OTC option contracts held by the Fund at September 30, 2019, is as follows:

Description	Counterparty		Number of Contracts		Notional Amount (Thousands)		Exercise Price		Expiration Date		Value (Thousands)
PURCHASED OPTIONS — 0.0%
Put Options
December 2019, USD Put AUD Call*		Citigroup		10,920,000	$	16,163		$0.70		12/21/19	$	270
Call Options
November 2019, USD Call EUR Put*		Citigroup		1,772,715		1,626		1.14		11/16/19		82
October 2019, USD Call EUR Put*		Citigroup		20,480,000		18,788		1.13		10/19/19		2
						20,414						84
Total Purchased Option					$	36,577					$	354

A list of the open futures contracts held by the Fund at September 30, 2019, is as follows:

Type of Contract	Number of Contracts Long (Short)		Expiration Date		Notional Amount (Thousands)			Value (Thousands)			Unrealized Appreciation/ (Depreciation) (Thousands)
30 Day Federal Funds Futures		(31)		Jan-2020	$	(12,648	)	$	(12,713	)	$	(65	)
30 Day Federal Funds Futures		(556)		Nov-2019		(227,822	)		(227,619	)		203
90-Day Euro$		74		Mar-2021		17,964			18,242			278
90-Day Euro$		218		Jun-2020		52,909			53,653			744
90-Day Euro$		1		Dec-2019		242			245			3
Euro-Bob		(163)		Dec-2019		(24,479	)		(24,105	)		181
Euro-BTP		215		Dec-2019		34,178			34,184			326
Euro-Bund		(726)		Dec-2019		(141,235	)		(137,917	)		1,556
Euro-Buxl 30 Year Bond		(5)		Dec-2019		(1,214	)		(1,186	)		18
U.S. 2-Year Treasury Note		1,417		Dec-2019		306,105			305,363			(742	)
U.S. 5-Year Treasury Note		1,457		Dec-2019		174,200			173,599			(601	)
U.S. 5-Year Treasury Note		(1,081)		Dec-2019		(129,237	)		(128,799	)		438
U.S. 10-Year Treasury Note		2,273		Dec-2019		298,289			296,200			(2,089	)
U.S. Long Treasury Bond		7		Dec-2019		1,156			1,136			(20	)
U.S. Long Treasury Bond		(705)		Dec-2019		(116,535	)		(114,430	)		2,105
U.S. Ultra Long Treasury Bond		991		Dec-2019		190,556			190,179			(377	)
Ultra 10-Year U.S. Treasury Note		(421)		Dec-2019		(60,489	)		(59,953	)		536
					$	361,940		$	366,079		$	2,494

A list of the open forward foreign currency contracts held by the Fund at September 30, 2019, is as follows:    

Counterparty	Settlement Date			Currency to Deliver   (Thousands)			Currency to Receive   (Thousands)		Unrealized   Appreciation   (Depreciation)   (Thousands)
BNP Paribas		10/17/19	EUR		9,737	USD		10,923	$	293
BNP Paribas		10/17/19	BRL		21,753	USD		5,767		550
Citigroup		10/17/19	GBP		1,835	USD		2,307		44
Citigroup		10/17/19	USD		2,475	AUD		3,563		(70	)

  SEI Institutional Managed Trust / Annual Report / September 30, 2019   145

SCHEDULE OF INVESTMENTS

September 30, 2019

Core Fixed Income Fund (Continued)

Counterparty	Settlement Date			Currency to Deliver (Thousands)			Currency to Receive (Thousands)		Unrealized Appreciation (Depreciation) (Thousands)
Citigroup		10/17/19	USD		2,674	RUB		172,727	$	(18	)
Citigroup		10/17/19	USD		2,702	GBP		2,163		(35	)
Citigroup		10/17/19	CAD		5,156	USD		3,928		32
Citigroup		10/17/19	USD		10,303	INR		714,230		(235	)
Citigroup		10/17/19	EUR		11,673	USD		13,175		432
Citigroup		10/17/19	CNH		13,759	USD		2,001		75
Citigroup		10/17/19	USD		15,114	IDR		216,529,634		121
Citigroup		10/17/19 - 10/23/19	USD		15,500	EUR		13,773		(460	)
Citigroup		10/17/19	USD		22,441	BRL		85,275		(1,992	)
Citigroup		10/17/19	RUB		24,063	USD		373		3
Citigroup		10/17/19	USD		35,890	CAD		47,052		(340	)
Citigroup		10/17/19	CNY		68,783	USD		10,006		356
Citigroup		10/17/19	PHP		300,620	USD		5,821		23
Citigroup		10/17/19	COP		5,189,635	USD		1,600		109
Goldman Sachs		10/17/19	BRL		26,340	USD		6,994		678
									$	(434	)

A list of the OTC swap agreements held by the Fund at September 30, 2019, 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 (Thousands)
Citigroup		1-DAY BRL - CETIP		8.41%		Annually		01/03/2020		BRL		16,400	$	136	$	3	$	133
Citigroup		1-DAY BRL - CETIP		8.41%		Annually		01/03/2020		BRL		10,800		89		1		88
Citigroup		1-DAY BRL - CETIP		8.41%		Annually		01/03/2020		BRL		5,011		41		1		40
Citigroup		1-DAY BRL - CETIP		8.41%		Annually		01/03/2020		BRL		47,489		393		–		393
Citigroup		1-DAY BRL - CETIP		8.41%		Annually		01/03/2020		BRL		9,700		80		–		80
													$	739	$	5	$	734

A list of the open centrally cleared swap agreements held by the Fund at September 30, 2019, 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)
3 MONTH USD - LIBOR	2.2635	Semi-Annually	04/11/2022	USD		63,180	$	988		$	–		$	988
6-MONTH GBP -  LIBOR	1.81%	Quarterly	11/15/2044	USD		3,450		(66	)		5			(71	)
1.85%	3-MONTH USD - LIBOR	Quarterly	11/15/2044	USD		5,670		(155	)		15			(170	)
2.75%	3-MONTH USD - LIBOR	Quarterly	08/15/2044	USD		11,428		(2,455	)		(50	)		(2,405	)
3.00%	3-MONTH USD - LIBOR	Quarterly	05/15/2044	USD		13,468		(3,568	)		10			(3,578	)
3.33%	3-MONTH USD - LIBOR	Quarterly	02/15/2044	USD		13,831		(4,570	)		(1	)		(4,569	)
3 MONTH USD - LIBOR	3.00%	Semi-Annually	02/15/2036	USD		18,209		3,534			10			3,524
1.25%	12-MONTH USD - LIBOR	Annually	06/30/2026	USD		37,372		(12	)		(40	)		28
1.498	6-MONTH EUR - EURIBOR	Semi-Annually	08/23/2047	EUR		678		(264	)		(1	)		(263	)
1.55%	3-MONTH USD - LIBOR	Quarterly	06/30/2026	USD		12,610		(47	)		14			(61	)
2.50%	3-MONTH USD - LIBOR	Quarterly	01/31/2026	USD		57,849		(3,459	)		(721	)		(2,738	)
2.25%	3-MONTH USD - LIBOR	Quarterly	12/31/2025	USD		26,040		(1,153	)		126			(1,279	)
2.37%	3-MONTH USD - LIBOR	Quarterly	05/08/2025	USD		13,160		(581	)		–			(581	)
2.2337	3-MONTH USD - LIBOR	Quarterly	04/11/2025	USD		25,975		(1,104	)		–			(1,104	)
3 MONTH USD - LIBOR	2.3%	Quarterly	04/26/2023	USD		33,312		(286	)		2			(288	)
3 MONTH USD - LIBOR	2.2825%	Semi-Annually	05/08/2022	USD		32,125		522			–			522

  146   SEI Institutional Managed Trust / Annual Report / September 30, 2019

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 USD  - LIBOR	2.25%	Semi-Annually		04/26/2022	USD		32,631	$	275		$	6		$	269
1.85%	3-MONTH USD - LIBOR	Quarterly		04/30/2026	USD		49,921		(1,061	)		69			(1,130)
6-MONTH USD  - LIBOR	1.656%	Quarterly		08/23/2049	USD		15,190		242			(56	)		298
								$	(13,220	)	$	(612	)	$	(12,608)

Credit Default Swaps
Reference Entity/Obligation	Buy/Sell Protection		(Pays)/ Receives Rate			Payment Frequency		Termination Date		Notional Amount (Thousands)			Value (Thousands)		Upfront Payments/ Receipts (Thousands)		Net Unrealized Appreciation (Thousands)
CDX.NA.HY.32		Sell		5.00	%		Quarterly		06/20/2024		(5,346	)	$	373	$	243	$	130
CDX.NA.IG.33		Sell		1.00	%		Quarterly		12/20/2024		(39,370	)		774		776		(2	)
													$	1,147	$	1,019	$	128

Percentages are based on Net Assets of $4,199,900 ($ Thousands).

* Non-income producing security.

** Rate shown is the 7-day effective yield as of September 30, 2019.

^†  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, 2019, the value of these securities amounted to $511,214 ($ Thousands), representing 12.2% of the Net Assets of the Fund.

(D) Certain securities or partial positions of certain securities are on loan at September 30, 2019 (See Note 10). The total market value of securities on loan at September 30, 2019 was $88,813

($ Thousands).

(E) Step Bonds – Represents the current rate, the step rate, the step date and the final maturity date.

(F) Unsettled bank loan. Interest rate may not be available.

(G) 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, 2019 was $91,034 ($ Thousands).

(H) Tri-Party Repurchase Agreement.

(I) Refer to table below for details on Options Contracts.

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

ABS — Asset-Backed Security

ACES — Alternative Credit Enhancement Structure

ARM — Adjustable Rate Mortgage

ARS — Argentine Peso

AUD — Australian Dollar

BRL — Brazilian Real

CAD — Canadian Dollar

CETIP — Central of Custody and Financial Settlement of Securities

Cl — Class

CLO — Collateralized Loan Obligation

CMO — Collateralized Mortgage Obligation

CNH — Chinese Yuan Offshore

CNY — Chinese Yuan Onshore

COP — Colombian Peso

DN— Discount Note

EUR — Euro

EURIBOR — Euro London Interbank Offered Rate

FHLB — Federal Home Loan Bank

FHLMC — Federal Home Loan Mortgage Corporation

FNMA — Federal National Mortgage Association

FREMF— Freddie Mac Multi-Family

GBP — British Pound Sterling

GNMA — Government National Mortgage Association

GO — General Obligation

ICE— Intercontinental Exchange

IDR — Indonesian Rupiah

INR — Indian Rupee

IO — Interest Only — face amount represents notional amount.

JSC — Joint-Stock Company

LIBOR — London Interbank Offered Rate

LLC — Limited Liability Company

L.P. — Limited Partnership

MTN — Medium Term Note

NCUA — National Credit Union Association

PHP — Philippine Peso

PO — Principal Only

RB — Revenue Bond

REMIC — Real Estate Mortgage Investment Conduit

RUB — Russian Ruble

Ser — Series

STRIPS — Separately Traded Registered Interest and Principal Securities

TBA — To Be Announced

TLB — Term Loan B

ULC — Unlimited Liability Company

USD — United States Dollar

VAR — Variable Rate

  SEI Institutional Managed Trust / Annual Report / September 30, 2019   147

SCHEDULE OF INVESTMENTS

September 30, 2019

Core Fixed Income Fund (Concluded)

The following is a list of the level of inputs used as of September 30, 2019, 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		–			1,702,202			–		1,702,202
Corporate Obligations		–			1,224,935			–		1,224,935
U.S. Treasury Obligations		–			974,323			–		974,323
Asset-Backed Securities		–			331,271			–		331,271
Sovereign Debt		–			77,695			–		77,695
Loan Participations		–			35,820			–		35,820
U.S. Government Agency Obligations		–			18,093			–		18,093
Municipal Bonds		–			11,782			–		11,782
Affiliated Partnership		–			91,034			–		91,034
Cash Equivalent		109,509			–			–		109,509
Repurchase Agreement		–			30,000			–		30,000
Total Investments in Securities		109,509			4,497,155			–		4,606,664
Other Financial Instruments	Level 1 ($)			Level 2 ($)			Level 3 ($)		Total ($)
Purchased Options		1,869			354			–		2,223
Written Options		(1,216	)		–			–		(1,216	)
Futures Contracts*
Unrealized Appreciation		6,388			–			–		6,388
Unrealized Depreciation		(3,894	)		–			–		(3,894	)
Forwards Contracts*
Unrealized Appreciation		–			2,716			–		2,716
Unrealized Depreciation		–			(3,150	)		–		(3,150	)
OTC Swaps
Interest Rate Swaps*
Unrealized Appreciation		–			734			–		734
Centrally Cleared Swaps
Interest Rate Swaps*
Unrealized Appreciation		–			5,629			–		5,629
Unrealized Depreciation		–			(18,237	)		–		(18,237	)
Credit Default Swaps*
Unrealized Appreciation		–			130			–		130
Unrealized Depreciation		–			(2	)		–		(2	)
Total Other Financial Instruments		3,147			(11,826	)		–		(8,679	)

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

For the year ended September 30, 2019, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the year ended September 30, 2019, there were no transfers between Level 2 and Level 3 assets and liabilities.

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

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

The following is a summary of the Fund’s transactions with affiliates for the year ended September 30, 2019 ($ Thousands):

Security Description	Value 9/30/2018	Purchases at Cost	Proceeds from Sales	Realized Gain	Change in Unrealized Appreciation	Value 9/30/2019	Shares	Income	Capital Gains
SEI Liquidity Fund, L.P.	$106,255	$1,621,863	$ (1,637,166)	$ 61	$ 21	$ 91,034	91,053,739	$ 220	$—
SEI Daily Income Trust, Government Fund, Cl F	198,093	2,939,167	(3,027,751)	—	—	109,509	109,508,632	1,976	—
Totals	$304,348	$4,561,030	$ (4,664,917)	$ 61	$ 21	$200,543	200,562,371	$2,196	$—

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

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

  148   SEI Institutional Managed Trust / Annual Report / September 30, 2019

SCHEDULE OF INVESTMENTS

September 30, 2019

High Yield Bond Fund

^†Percentages are based on total investments.

Description		Face Amount (Thousands)			Market Value ($ Thousands)
CORPORATE OBLIGATIONS — 74.1%
Communication Services — 13.5%
Altice France
8.125%, 02/01/2027 (A)	$		3,489	$		3,851
7.375%, 05/01/2026 (A)			5,766			6,182
6.250%, 05/15/2024 (A)			561			579
Altice Luxembourg
10.500%, 05/15/2027 (A)			2,078			2,342
7.750%, 05/15/2022 (A)			434			443
7.625%, 02/15/2025 (A)			631			658
AMC Entertainment Holdings
5.750%, 06/15/2025			145			138
AMC Networks
5.000%, 04/01/2024			445			458
4.750%, 08/01/2025			3,154			3,253
CB Escrow
8.000%, 10/15/2025 (A)			2,285			1,999
CCO Holdings
5.875%, 04/01/2024 (A)			2,365			2,468
5.875%, 05/01/2027 (A)			819			866
5.750%, 02/15/2026 (A)			6,045			6,390
5.500%, 05/01/2026 (A)			3,765			3,943
5.375%, 05/01/2025 (A)			2,020			2,096
5.375%, 06/01/2029 (A)			1,495			1,592
5.125%, 05/01/2027 (A)			4,553			4,752
5.000%, 02/01/2028 (A)			500			517
4.750%, 03/01/2030 (A)			848			861
CenturyLink
7.500%, 04/01/2024			1,855			2,074
6.875%, 01/15/2028			395			410
6.750%, 12/01/2023			1,035			1,133
5.800%, 03/15/2022			1,044			1,100

Description		Face Amount (Thousands)			Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
5.625%, 04/01/2020	$		265	$		269
5.625%, 04/01/2025			1,082			1,123
Cincinnati Bell
7.000%, 07/15/2024 (A)			290			268
Cinemark USA
4.875%, 06/01/2023			435			441
Clear Channel Worldwide Holdings
9.250%, 02/15/2024 (A)			5,777			6,347
5.125%, 08/15/2027 (A)			1,471			1,533
0.000%, 03/01/2021 (B)			13,269			–
Cogent Communications Group
5.625%, 04/15/2021 (A)			940			948
5.375%, 03/01/2022 (A)			610			635
Connect Finco SARL
6.750%, 10/01/2026 (A)			770			785
Consolidated Communications
6.500%, 10/01/2022			1,651			1,527
Diamond Sports Group
6.625%, 08/15/2027 (A)			3,844			3,988
5.375%, 08/15/2026 (A)			4,058			4,210
Digicel
6.000%, 04/15/2021 (A)			1,525			1,075
Digicel Group
6.750%, 03/01/2023 (A)			1,435			683
Digicel Group One
8.250%, 12/30/2022 (A)			235			139
Digicel International Finance
8.750%, 05/25/2024 (A)			826			785
DISH DBS
7.750%, 07/01/2026			565			575
5.875%, 11/15/2024			5,010			4,966
5.000%, 03/15/2023			3,036			3,067
DISH Network
3.375%, 08/15/2026			425			389
DKT Finance ApS
9.375%, 06/17/2023 (A)			2,550			2,740
Entercom Media
6.500%, 05/01/2027 (A)			200			209
EW Scripps
5.125%, 05/15/2025 (A)			1,813			1,818
Frontier Communications
11.000%, 09/15/2025			3,272			1,497
10.500%, 09/15/2022			3,351			1,550
8.500%, 04/01/2026 (A)			1,765			1,765
8.000%, 04/01/2027 (A)			1,508			1,592
7.625%, 04/15/2024			1,890			832
7.125%, 01/15/2023			1,590			704
6.875%, 01/15/2025			2,895			1,288
Gray Television
7.000%, 05/15/2027 (A)			2,745			3,016
5.125%, 10/15/2024 (A)			2,129			2,206

SEI Institutional Managed Trust / Annual Report / September 30, 2019 149

SCHEDULE OF INVESTMENTS

September 30, 2019

High Yield Bond Fund (Continued)

Description		Face Amount (Thousands)			Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
Intelsat Jackson Holdings
9.750%, 07/15/2025 (A)	$		3,595	$		3,755
8.500%, 10/15/2024 (A)			1,570			1,581
8.000%, 02/15/2024 (A)			1,017			1,057
5.500%, 08/01/2023			3,737			3,486
Intelsat Luxembourg
8.125%, 06/01/2023			1,767			1,471
Lee Enterprises
9.500%, 03/15/2022 (A)			1,581			1,581
Level 3 Financing
5.625%, 02/01/2023			265			268
5.375%, 01/15/2024			2,000			2,040
5.375%, 05/01/2025			760			787
4.625%, 09/15/2027 (A)			2,974			3,001
Live Nation Entertainment
5.625%, 03/15/2026 (A)			264			281
4.875%, 11/01/2024 (A)			2,320			2,403
McClatchy
9.000%, 07/15/2026			3,085			2,908
Meredith
6.875%, 02/01/2026			490			498
Netflix
5.875%, 02/15/2025			1,415			1,554
5.875%, 11/15/2028			470			510
5.375%, 11/15/2029 (A)			205			214
4.875%, 04/15/2028			1,994			2,029
Nexstar (Escrow Security)
5.625%, 07/15/2027 (A)			3,793			3,973
Nexstar Broadcasting
6.125%, 02/15/2022 (A)			160			162
5.625%, 08/01/2024 (A)			1,366			1,422
Outfront Media Capital
5.000%, 08/15/2027 (A)			2,280			2,393
Qwest
6.875%, 09/15/2033			1,954			1,955
Radiate Holdco
6.625%, 02/15/2025 (A)			2,897			2,918
Sable International Finance
5.750%, 09/07/2027 (A)			2,441			2,523
Salem Media Group
6.750%, 06/01/2024 (A)			2,835			2,452
Scripps (Escrow Security)
5.875%, 07/15/2027 (A)			1,242			1,262
Sinclair Television Group
6.125%, 10/01/2022			715			729
5.625%, 08/01/2024 (A)			100			103
5.125%, 02/15/2027 (A)			2,991			3,006
Sirius XM Radio
5.500%, 07/01/2029 (A)			2,160			2,306
5.375%, 04/15/2025 (A)			2,250			2,332
5.375%, 07/15/2026 (A)			2,035			2,136
5.000%, 08/01/2027 (A)			453			468

Description	Face Amount (Thousands)			Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
4.625%, 07/15/2024 (A)	$	340	$		352
Sprint
7.875%, 09/15/2023		5,059			5,557
7.625%, 02/15/2025		11,141			12,255
7.625%, 03/01/2026		2,038			2,250
7.250%, 09/15/2021		1,285			1,371
7.125%, 06/15/2024		913			984
Sprint Capital
8.750%, 03/15/2032		4,315			5,322
TEGNA
5.000%, 09/15/2029 (A)		994			1,008
Telecom Italia
5.303%, 05/30/2024 (A)		1,160			1,251
Telecom Italia Capital
6.375%, 11/15/2033		300			330
6.000%, 09/30/2034		3,635			3,871
Telesat Canada
6.500%, 10/15/2027 (A)		1,863			1,893
T-Mobile USA
6.500%, 01/15/2024		535			555
6.500%, 01/15/2026		1,370			1,473
6.375%, 03/01/2025		2,445			2,533
5.375%, 04/15/2027		305			328
4.750%, 02/01/2028		6,394			6,691
4.500%, 02/01/2026		3,253			3,348
0.000%, 01/15/2024 (B)		535			–
0.000%, 03/01/2025 (B)		1,905			–
0.000%, 01/15/2026 (B)		3,126			–
Townsquare Media
6.500%, 04/01/2023 (A)		2,885			2,878
United States Cellular
6.700%, 12/15/2033		1,289			1,394
UPCB Finance IV
5.375%, 01/15/2025 (A)		1,960			2,014
Videotron
5.375%, 06/15/2024 (A)		660			721
5.125%, 04/15/2027 (A)		240			254
Windstream Services
10.500%, 06/30/2024 (A)(C)		670			370
9.000%, 06/30/2025 (A)(C)		3,008			1,624
8.625%, 10/31/2025 (A)(C)		100			102
					221,368
Consumer Discretionary — 13.6%
1011778 BC ULC / New Red Finance
5.000%, 10/15/2025 (A)		867			896
4.250%, 05/15/2024 (A)		1,475			1,518
Adelphia Communications (Escrow Security)
10.250%, 06/15/2011 (B)(C)(D)		150			1
9.500%, 02/15/2004 (B)(C)		25			–
7.875%, 01/15/2009 (B)(C)		225			–

150 SEI Institutional Managed Trust / Annual Report / September 30, 2019

Description		Face Amount (Thousands)			Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
Adient Global Holdings
4.875%, 08/15/2026 (A)	$		830	$		674
Adient US
7.000%, 05/15/2026 (A)			2,455			2,566
Allied Universal Holdco
6.625%, 07/15/2026 (A)			571			603
Altice Financing
7.500%, 05/15/2026 (A)			6,702			7,121
6.625%, 02/15/2023 (A)			345			354
American Axle & Manufacturing
6.625%, 10/15/2022			53			54
6.500%, 04/01/2027			964			918
6.250%, 04/01/2025			615			597
6.250%, 03/15/2026			560			535
Aramark Services
5.000%, 02/01/2028 (A)			1,230			1,279
Ashtead Capital
4.125%, 08/15/2025 (A)			375			382
Aventine (Escrow Security)
0.000%, 10/15/2049 (B)(C)(E)			2,750			–
BidFair
7.375%, 10/15/2027			1,416			1,443
Boyd Gaming
6.000%, 08/15/2026			300			316
Boyne USA
7.250%, 05/01/2025 (A)			125			136
Caesars Resort Collection
5.250%, 10/15/2025 (A)			3,560			3,640
Capitol Investment Merger Sub 2
10.000%, 08/01/2024 (A)			2,265			2,350
CBS Radio
7.250%, 11/01/2024 (A)			1,815			1,879
Cedar Fair
5.375%, 06/01/2024			2,338			2,405
5.250%, 07/15/2029 (A)			384			411
Cengage Learning
9.500%, 06/15/2024 (A)			3,270			2,992
Century Communities
6.750%, 06/01/2027 (A)			1,629			1,750
5.875%, 07/15/2025			646			666
Churchill Downs
5.500%, 04/01/2027 (A)			1,490			1,581
Cirsa Finance International Sarl
7.875%, 12/20/2023 (A)			1,706			1,811
Claire’s Stores
9.000%, 03/15/2019 (C)			815			–
Constellation
8.500%, 09/15/2025 (A)			485			406
Cooper-Standard Automotive
5.625%, 11/15/2026 (A)			875			797
CSC Holdings
10.875%, 10/15/2025 (A)			1,647			1,865

Description		Face Amount (Thousands)			Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
7.500%, 04/01/2028 (A)	$		1,950	$		2,196
6.750%, 11/15/2021			1,250			1,347
6.625%, 10/15/2025 (A)			420			449
6.500%, 02/01/2029 (A)			3,335			3,707
5.750%, 01/15/2030 (A)			2,655			2,775
5.500%, 05/15/2026 (A)			1,660			1,747
5.500%, 04/15/2027			856			905
Cumulus Media New Holdings
6.750%, 07/01/2026 (A)			4,224			4,425
Dana
6.000%, 09/15/2023			575			589
Dana Financing Luxembourg Sarl
6.500%, 06/01/2026 (A)			730			770
Delphi Technologies
5.000%, 10/01/2025 (A)			6,975			6,173
Diamond Resorts International
10.750%, 09/01/2024 (A)			2,105			2,168
Enterprise Development Authority
12.000%, 07/15/2024 (A)			1,240			1,358
ESH Hospitality
5.250%, 05/01/2025 (A)			3,430			3,547
4.625%, 10/01/2027 (A)			2,698			2,708
Fontainebleau Las Vegas Holdings
0.000%, 06/15/2015 (A)(B)(C)(D)			3,108			–
Ford Motor Credit
4.687%, 06/09/2025			655			668
4.542%, 08/01/2026			230			230
GCI
6.875%, 04/15/2025			1,620			1,705
6.625%, 06/15/2024 (A)			1,465			1,580
GEMS MENASA Cayman
7.125%, 07/31/2026 (A)			1,675			1,727
Getty Images
9.750%, 03/01/2027 (A)			1,460			1,474
Golden Nugget
8.750%, 10/01/2025 (A)			2,241			2,336
Goodyear Tire & Rubber
5.125%, 11/15/2023			826			836
Group 1 Automotive
5.250%, 12/15/2023 (A)			194			199
5.000%, 06/01/2022			1,875			1,894
Guitar Center
5.000% cash/8.000% PIK, 04/15/2022 (A)			5,926			4,681
Guitar Center Escrow Issuer
9.500%, 10/15/2021 (A)			1,230			1,172
Hilton Domestic Operating
5.125%, 05/01/2026			562			590
Hilton Worldwide Finance
4.875%, 04/01/2027			90			95
4.625%, 04/01/2025			530			546

SEI Institutional Managed Trust / Annual Report / September 30, 2019 151

SCHEDULE OF INVESTMENTS

September 30, 2019

High Yield Bond Fund (Continued)

Description		Face Amount (Thousands)			Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
iHeartCommunications
8.375%, 05/01/2027	$		3,564	$		3,850
6.375%, 05/01/2026			332			359
5.250%, 08/15/2027 (A)			2,763			2,873
IHO Verwaltungs GmbH
6.375% cash/7.125% PIK, 05/15/2029 (A)			930			939
6.000% cash/6.750% PIK, 05/15/2027 (A)			2,330			2,359
Inn of the Mountain Gods Resort & Casino
9.250%, 11/30/2020 (B)			2,482			2,463
Installed Building Products
5.750%, 02/01/2028 (A)			672			693
International Game Technology
6.500%, 02/15/2025 (A)			625			694
6.250%, 01/15/2027 (A)			3,594			3,980
IRB Holding
6.750%, 02/15/2026 (A)			3,962			3,982
Jack Ohio Finance
6.750%, 11/15/2021 (A)			850			868
JC Penney
6.375%, 10/15/2036			3,930			1,258
KFC Holding
4.750%, 06/01/2027 (A)			1,248			1,300
L Brands
7.500%, 06/15/2029			483			481
6.875%, 11/01/2035			37			32
6.750%, 07/01/2036			1,225			1,039
5.250%, 02/01/2028			1,700			1,582
Liberty Interactive
8.250%, 02/01/2030			3,602			3,773
Lions Gate Capital Holdings
6.375%, 02/01/2024 (A)			810			857
Marriott Ownership Resorts
6.500%, 09/15/2026			555			598
Mattamy Group
6.500%, 10/01/2025 (A)			1,790			1,880
Mattel
6.750%, 12/31/2025 (A)			2,049			2,138
McGraw-Hill Global Education Holdings
7.875%, 05/15/2024 (A)			595			515
Melco Resorts Finance
5.250%, 04/26/2026			826			839
Men’s Wearhouse
7.000%, 07/01/2022			819			803
MGM China Holdings
5.875%, 05/15/2026 (A)			670			702
5.375%, 05/15/2024 (A)			810			840
MGM Resorts International
6.000%, 03/15/2023			1,535			1,691
5.750%, 06/15/2025			1,045			1,151
5.500%, 04/15/2027			1,322			1,449

Description		Face Amount (Thousands)			Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
4.625%, 09/01/2026	$		1,572	$		1,639
Midcontinent Communications
5.375%, 08/15/2027 (A)			637			670
Millennium (Escrow Security)
7.625%, 11/15/2026 (B)(C)			175			–
Monitronics International
9.125%, 04/01/2020 (B)(C)			5,936			–
Neiman Marcus Group
8.750% cash/9.500% PIK, 10/15/2021 (A)			762			503
8.750%, 10/25/2024 (A)			1,035			305
8.000%, 10/15/2021 (A)			820			541
8.000% cash/6.000% PIK, 04/25/2024 (A)			640			359
8.000%, 10/25/2024 (A)			631			183
Newell Brands
4.200%, 04/01/2026			755			790
Panther BF Aggregator 2
8.500%, 05/15/2027 (A)			1,526			1,545
6.250%, 05/15/2026 (A)			2,314			2,436
Party City Holdings
6.625%, 08/01/2026 (A)			2,231			2,209
PetSmart
8.875%, 06/01/2025 (A)			1,141			1,081
7.125%, 03/15/2023 (A)			1,210			1,138
5.875%, 06/01/2025 (A)			284			283
PulteGroup
5.000%, 01/15/2027			987			1,066
Quebecor Media
5.750%, 01/15/2023			460			500
QVC
4.450%, 02/15/2025			889			922
Sally Holdings
5.625%, 12/01/2025			528			537
Scientific Games International
8.250%, 03/15/2026 (A)			809			858
5.000%, 10/15/2025 (A)			4,782			4,934
Service International
7.500%, 04/01/2027			650			795
4.625%, 12/15/2027			595			621
Six Flags Entertainment
5.500%, 04/15/2027 (A)			611			651
4.875%, 07/31/2024 (A)			2,628			2,720
SRS Distribution
8.250%, 07/01/2026 (A)			1,657			1,690
Staples
10.750%, 04/15/2027 (A)			1,345			1,382
7.500%, 04/15/2026 (A)			1,630			1,679
Stars Group Holdings BV
7.000%, 07/15/2026 (A)			3,800			4,047
Sugarhouse HSP Gaming Prop Mezz
5.875%, 05/15/2025 (A)			3,955			3,886

152 SEI Institutional Managed Trust / Annual Report / September 30, 2019

Description		Face Amount (Thousands)			Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
Telenet Finance Luxembourg Notes Sarl
5.500%, 03/01/2028 (A)	$		1,000	$		1,048
Tempur Sealy International
5.625%, 10/15/2023			455			468
5.500%, 06/15/2026			455			474
Tenneco
5.375%, 12/15/2024			170			148
5.000%, 07/15/2026			940			768
Toll Brothers Finance
3.800%, 11/01/2029			710			699
Twin River Worldwide Holdings
6.750%, 06/01/2027 (A)			2,745			2,882
Uber Technologies
8.000%, 11/01/2026 (A)			2,707			2,741
Univision Communications
5.125%, 02/15/2025 (A)			1,186			1,153
Urban One
7.375%, 04/15/2022 (A)			4,652			4,536
Viking Cruises
6.250%, 05/15/2025 (A)			1,850			1,933
Virgin Media Secured Finance
5.500%, 08/15/2026 (A)			1,455			1,526
5.500%, 05/15/2029 (A)			1,191			1,243
5.250%, 01/15/2026 (A)			2,955			3,029
Vista Outdoor
5.875%, 10/01/2023			995			925
William Carter
5.625%, 03/15/2027 (A)			225			241
Williams Scotsman International
6.875%, 08/15/2023 (A)			1,180			1,236
Wolverine World Wide
5.000%, 09/01/2026 (A)			2,144			2,155
WW International
8.625%, 12/01/2025 (A)			2,086			2,164
Wynn Las Vegas
5.500%, 03/01/2025 (A)			1,280			1,348
Wynn Resorts Finance
5.125%, 10/01/2029 (A)			560			587
Yum! Brands
6.875%, 11/15/2037			2,015			2,257
5.350%, 11/01/2043			130			125
4.750%, 01/15/2030 (A)			94			97
Ziggo Bond BV
6.000%, 01/15/2027 (A)			2,273			2,372
Ziggo BV
5.500%, 01/15/2027 (A)			4,179			4,355
						223,011
Consumer Staples — 3.1%
Albertsons
7.500%, 03/15/2026 (A)			2,925			3,254
5.875%, 02/15/2028 (A)			283			300

Description		Face Amount (Thousands)			Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
5.750%, 03/15/2025	$		1,207	$		1,241
B&G Foods
5.250%, 04/01/2025			2,091			2,135
Central Garden & Pet
6.125%, 11/15/2023			495			513
5.125%, 02/01/2028			765			780
Chobani
7.500%, 04/15/2025 (A)			2,347			2,247
Clearwater Seafoods
6.875%, 05/01/2025 (A)			1,790			1,839
Cott Holdings
5.500%, 04/01/2025 (A)			1,245			1,292
Coty
6.500%, 04/15/2026 (A)			360			349
Energizer Holdings
7.750%, 01/15/2027 (A)			565			629
5.500%, 06/15/2025 (A)			670			694
FAGE International
5.625%, 08/15/2026 (A)			135			121
First Quality Finance
5.000%, 07/01/2025 (A)			2,579			2,666
Fresh Market
9.750%, 05/01/2023 (A)			555			322
High Ridge Brands
8.875%, 03/15/2025 (A)(C)			445			36
JBS Investments II GmbH
7.000%, 01/15/2026 (A)			1,450			1,564
JBS USA LUX
5.500%, 01/15/2030 (A)			2,745			2,910
Kronos Acquisition Holdings
9.000%, 08/15/2023 (A)			160			141
New Albertsons
8.700%, 05/01/2030			955			999
Performance Food Group
5.500%, 10/15/2027 (A)			2,780			2,926
Pilgrim’s Pride
5.875%, 09/30/2027 (A)			2,498			2,683
Post Holdings
5.750%, 03/01/2027 (A)			995			1,055
5.625%, 01/15/2028 (A)			805			853
5.500%, 03/01/2025 (A)			565			592
5.500%, 12/15/2029 (A)			471			491
5.000%, 08/15/2026 (A)			2,978			3,089
Revlon Consumer Products
6.250%, 08/01/2024			287			152
5.750%, 02/15/2021			196			172
Rite Aid
7.700%, 02/15/2027			2,915			1,530
6.875%, 12/15/2028 (A)			600			297
6.125%, 04/01/2023 (A)			3,650			2,896
Sigma Holdco BV
7.875%, 05/15/2026 (A)			2,595			2,588

SEI Institutional Managed Trust / Annual Report / September 30, 2019 153

SCHEDULE OF INVESTMENTS

September 30, 2019

High Yield Bond Fund (Continued)

Description		Face Amount (Thousands)			Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
Simmons Foods
7.750%, 01/15/2024 (A)	$		251	$		271
5.750%, 11/01/2024 (A)			2,488			2,426
Spectrum Brands
5.750%, 07/15/2025			1,584			1,653
5.000%, 10/01/2029 (A)			100			102
TreeHouse Foods
6.000%, 02/15/2024 (A)			630			654
Vector Group
10.500%, 11/01/2026 (A)			2,860			2,917
						51,379
Energy — 8.6%
Antero Midstream Partners
5.750%, 03/01/2027 (A)			767			639
5.750%, 01/15/2028 (A)			155			129
5.375%, 09/15/2024			280			252
Antero Resources
5.625%, 06/01/2023			420			363
5.125%, 12/01/2022			1,794			1,577
Archrock Partners
6.000%, 10/01/2022			450			455
Ascent Resources Utica Holdings
7.000%, 11/01/2026 (A)			40			33
Blue Racer Midstream
6.625%, 07/15/2026 (A)			205			203
6.125%, 11/15/2022 (A)			1,963			1,973
Brazos Valley Longhorn
6.875%, 02/01/2025			590			507
Buckeye Partners
4.125%, 12/01/2027			763			668
Calfrac Holdings
8.500%, 06/15/2026 (A)			2,748			1,223
Calumet Specialty Products Partners
6.500%, 04/15/2021			1,852			1,854
Carrizo Oil & Gas
8.250%, 07/15/2025			1,295			1,269
6.250%, 04/15/2023			245			232
Centennial Resource Production
6.875%, 04/01/2027 (A)			2,639			2,632
5.375%, 01/15/2026 (A)			990			941
Cheniere Corpus Christi Holdings
7.000%, 06/30/2024			845			971
5.875%, 03/31/2025			360			401
5.125%, 06/30/2027			3,898			4,266
Cheniere Energy Partners
5.625%, 10/01/2026			549			583
5.250%, 10/01/2025			1,490			1,546
4.500%, 10/01/2029 (A)			1,528			1,564
Chesapeake Energy
8.000%, 01/15/2025			2,020			1,459
8.000%, 06/15/2027			449			305

Description		Face Amount (Thousands)			Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
7.500%, 10/01/2026	$		1,695	$		1,153
Citgo Holding
9.250%, 08/01/2024 (A)			2,037			2,164
CITGO Petroleum
6.250%, 08/15/2022 (A)			2,130			2,154
CNX Midstream Partners
6.500%, 03/15/2026 (A)			2,400			2,214
Covey Park Energy
7.500%, 05/15/2025 (A)			1,468			1,174
Crestwood Midstream Partners
6.250%, 04/01/2023			565			580
5.750%, 04/01/2025			1,495			1,536
5.625%, 05/01/2027 (A)			265			270
CrownRock
5.625%, 10/15/2025 (A)			745			750
DCP Midstream Operating
8.125%, 08/16/2030			1,285			1,610
5.125%, 05/15/2029			538			548
Delek Logistics Partners
6.750%, 05/15/2025			811			803
Denbury Resources
9.250%, 03/31/2022 (A)			484			424
9.000%, 05/15/2021 (A)			1,628			1,510
4.625%, 07/15/2023			1,384			595
Energy Transfer
5.500%, 06/01/2027			1,564			1,684
EnLink Midstream
5.375%, 06/01/2029			3,416			3,262
EnLink Midstream Partners
4.850%, 07/15/2026			1,610			1,529
4.400%, 04/01/2024			365			352
Ensign Drilling
9.250%, 04/15/2024 (A)			1,615			1,510
EP Energy
9.375%, 05/01/2020			972			2
9.375%, 05/01/2024 (A)			1,017			28
8.000%, 11/29/2024 (A)			370			137
8.000%, 02/15/2025 (A)(C)			653			16
7.750%, 05/15/2026 (A)			1,385			1,039
6.375%, 06/15/2023			669			2
Equities
3.900%, 10/01/2027			1,698			1,472
Exterran Energy Solutions
8.125%, 05/01/2025			3,202			3,190
Extraction Oil & Gas
7.375%, 05/15/2024 (A)			814			533
5.625%, 02/01/2026 (A)			3,190			1,954
FTS International
6.250%, 05/01/2022			2,586			2,108
Genesis Energy
6.500%, 10/01/2025			805			785

154 SEI Institutional Managed Trust / Annual Report / September 30, 2019

Description		Face Amount (Thousands)			Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
Great Western Petroleum
9.000%, 09/30/2021 (A)	$		1,562	$		1,359
Gulfport Energy
6.375%, 05/15/2025			170			121
6.375%, 01/15/2026			1,303			912
6.000%, 10/15/2024			215			155
Halcon Resources
6.750%, 02/15/2025 (C)			610			55
Hess Infrastructure Partners
5.625%, 02/15/2026 (A)			2,125			2,221
Hilcorp Energy I
6.250%, 11/01/2028 (A)			486			452
5.000%, 12/01/2024 (A)			1,484			1,387
KCA Deutag UK Finance
9.875%, 04/01/2022 (A)			1,370			866
Laredo Petroleum
6.250%, 03/15/2023			1,462			1,283
Matador Resources
5.875%, 09/15/2026			844			846
McDermott Technology Americas
10.625%, 05/01/2024 (A)			390			90
MEG Energy
7.000%, 03/31/2024 (A)			475			458
6.500%, 01/15/2025 (A)			460			469
6.375%, 01/30/2023 (A)			245			237
Midstates Petroleum (Escrow Security)
10.000%, 06/01/2020 (B)			720			–
Moss Creek Resources Holdings
7.500%, 01/15/2026 (A)			825			607
MPLX
6.250%, 10/15/2022 (A)			95			97
Nabors Industries
5.750%, 02/01/2025			1,284			950
NGL Energy Partners
7.500%, 11/01/2023			338			344
6.125%, 03/01/2025			1,622			1,545
NGPL PipeCo
4.875%, 08/15/2027 (A)			95			102
Nine Energy Service
8.750%, 11/01/2023 (A)			1,414			1,145
Noble Holding International
8.950%, 04/01/2045			1,755			842
7.750%, 01/15/2024			2,295			1,492
Northern Oil and Gas
8.500% cash/1.000% PIK, 05/15/2023			2,443			2,517
Oasis Petroleum
6.875%, 03/15/2022			35			32
6.875%, 01/15/2023			790			723
6.250%, 05/01/2026 (A)			375			304
Parkland Fuel
6.000%, 04/01/2026 (A)			1,270			1,341
5.875%, 07/15/2027 (A)			1,230			1,291

Description		Face Amount (Thousands)			Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
Parsley Energy
5.375%, 01/15/2025 (A)	$		1,158	$		1,173
5.250%, 08/15/2025 (A)			1,995			2,024
PBF Holding
7.000%, 11/15/2023			2,610			2,692
Peabody Energy
6.375%, 03/31/2025 (A)			2,107			2,082
Precision Drilling
7.750%, 12/15/2023			280			272
7.125%, 01/15/2026 (A)			285			263
6.500%, 12/15/2021			27			27
Pride International
7.875%, 08/15/2040			930			456
QEP Resources
5.625%, 03/01/2026			714			616
Range Resources
5.875%, 07/01/2022			595			569
5.000%, 08/15/2022			1,620			1,519
5.000%, 03/15/2023			953			834
4.875%, 05/15/2025			893			737
Rowan
7.375%, 06/15/2025			2,035			1,201
5.850%, 01/15/2044			2,145			922
5.400%, 12/01/2042			370			157
SemGroup
5.625%, 07/15/2022			3,345			3,395
SESI
7.750%, 09/15/2024			985			557
Seven Generations Energy
5.375%, 09/30/2025 (A)			1,419			1,405
Seventy Seven Energy (Escrow Security)
6.500%, 10/15/2020 (B)			305			–
Seventy Seven Operating (Escrow Security)
0.000%, 10/15/2020 (B)			1,869			–
Shelf Drilling Holdings
8.250%, 02/15/2025 (A)			844			717
SM Energy
6.625%, 01/15/2027			258			222
6.125%, 11/15/2022			105			101
5.625%, 06/01/2025			295			253
5.000%, 01/15/2024			1,288			1,156
Southwestern Energy
7.750%, 10/01/2027			1,298			1,132
7.500%, 04/01/2026			744			649
6.200%, 01/23/2025			357			314
Summit Midstream Holdings
5.750%, 04/15/2025			1,515			1,279
5.500%, 08/15/2022			1,548			1,412
Sunoco
5.875%, 03/15/2028			1,585			1,682
5.500%, 02/15/2026			1,515			1,581

SEI Institutional Managed Trust / Annual Report / September 30, 2019 155

SCHEDULE OF INVESTMENTS

September 30, 2019

High Yield Bond Fund (Continued)

Description		Face Amount (Thousands)			Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
Targa Resources Partners
6.875%, 01/15/2029 (A)	$		288	$		315
6.750%, 03/15/2024			3,375			3,497
6.500%, 07/15/2027 (A)			1,818			1,984
5.875%, 04/15/2026			375			397
5.000%, 01/15/2028			2,056			2,079
4.250%, 11/15/2023			65			66
Transocean
9.000%, 07/15/2023 (A)			1,400			1,438
7.500%, 01/15/2026 (A)			355			316
7.500%, 04/15/2031			1,286			907
7.250%, 11/01/2025 (A)			305			269
Transocean Guardian
5.875%, 01/15/2024 (A)			1,662			1,666
Transocean Pontus
6.125%, 08/01/2025 (A)			473			481
Transocean Poseidon
6.875%, 02/01/2027 (A)			2,176			2,263
Transocean Sentry
5.375%, 05/15/2023 (A)			1,211			1,209
USA Compression Partners
6.875%, 04/01/2026			1,805			1,873
Vine Oil & Gas
9.750%, 04/15/2023 (A)			2,108			985
Whiting Petroleum
6.625%, 01/15/2026			515			348
6.250%, 04/01/2023			350			269
5.750%, 03/15/2021			736			703
WPX Energy
8.250%, 08/01/2023			321			361
5.750%, 06/01/2026			199			204
5.250%, 10/15/2027			1,286			1,293
						141,698
Financials — 4.4%
Acrisure
10.125%, 08/01/2026 (A)			699			731
8.125%, 02/15/2024 (A)			3,161			3,406
7.000%, 11/15/2025 (A)			704			656
AHP Health Partners
9.750%, 07/15/2026 (A)			1,559			1,653
Alliant Holdings Intermediate
8.250%, 08/01/2023 (A)			1,930			1,971
Ally Financial
4.625%, 05/19/2022			905			939
Ares Capital
4.250%, 03/01/2025			1,138			1,172
AssuredPartners
7.000%, 08/15/2025 (A)			2,034			2,034
Avolon Holdings Funding
5.125%, 10/01/2023 (A)			2,077			2,204

Description		Face Amount (Thousands)			Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
Barclays
7.750%, VAR USD Swap Semi 30/360 5 Yr Curr+4.842%, 12/15/2167	$		1,880	$		1,956
BCD Acquisition
9.625%, 09/15/2023 (A)			1,890			1,932
BGC Partners
3.750%, 10/01/2024 (A)			1,415			1,408
Citigroup
5.950%, VAR ICE LIBOR USD 3 Month+3.905%, 11/15/2167			50			53
5.875%, VAR ICE LIBOR USD 3 Month+4.059%, 03/27/2020			280			283
5.800%, VAR ICE LIBOR USD 3 Month+4.093%, 05/15/2168			280			280
CNG Holdings
12.500%, 06/15/2024 (A)			825			802
CTR Partnership
5.250%, 06/01/2025			1,805			1,864
Donnelley Financial Solutions
8.250%, 10/15/2024			603			626
Fidelity & Guaranty Life Holdings
5.500%, 05/01/2025 (A)			1,380			1,480
Freedom Mortgage
8.250%, 04/15/2025 (A)			3,940			3,615
8.125%, 11/15/2024 (A)			1,725			1,587
FS Energy & Power Fund
7.500%, 08/15/2023 (A)			1,945			1,964
Genworth Holdings
4.900%, 08/15/2023			768			729
GTCR AP Finance
8.000%, 05/15/2027 (A)			910			935
HUB International
7.000%, 05/01/2026 (A)			2,898			2,977
Hunt
6.250%, 02/15/2026 (A)			937			918
Intesa Sanpaolo MTN
5.710%, 01/15/2026 (A)			1,440			1,530
Jefferies Finance
6.250%, 06/03/2026 (A)			834			861
Lloyds Banking Group
7.500%, VAR USD Swap Semi 30/360 5 Yr Curr+4.760%, 06/27/2168			1,965			2,107
LPL Holdings
5.750%, 09/15/2025 (A)			1,722			1,791
Merger Sub II
10.750%, 08/01/2027 (A)			810			822
MGM Growth Properties Operating Partnership
5.750%, 02/01/2027 (A)			204			229
5.625%, 05/01/2024			1,130			1,239
4.500%, 09/01/2026			2,118			2,245
4.500%, 01/15/2028			95			98

156 SEI Institutional Managed Trust / Annual Report / September 30, 2019

Description		Face Amount (Thousands)			Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
MSCI
5.375%, 05/15/2027 (A)	$		300	$		320
Nationstar Mortgage Holdings
9.125%, 07/15/2026 (A)			4,641			4,943
8.125%, 07/15/2023 (A)			995			1,037
Navient
7.250%, 09/25/2023			576			626
Quicken Loans
5.250%, 01/15/2028 (A)			2,719			2,806
Service Properties Trust
4.950%, 02/15/2027			1,415			1,434
Springleaf Finance
7.125%, 03/15/2026			3,135			3,478
6.875%, 03/15/2025			1,715			1,889
6.625%, 01/15/2028			172			185
6.125%, 03/15/2024			2,332			2,510
Starwood Property Trust
4.750%, 03/15/2025			1,366			1,413
Tempo Acquisition
6.750%, 06/01/2025 (A)			985			1,015
WeWork
7.875%, 05/01/2025 (A)			2,665			2,262
						73,015
Health Care — 8.0%
21st Century Oncology
10.000% cash/12.000% PIK, 04/30/2023 (B)			417			336
Acadia Healthcare
5.625%, 02/15/2023			2,560			2,608
5.125%, 07/01/2022			264			266
Air Medical Group Holdings
6.375%, 05/15/2023 (A)			3,255			2,832
AMN Healthcare
4.625%, 10/01/2027 (A)			3,323			3,340
ASP AMC
8.000%, 05/15/2025 (A)			3,932			2,674
Avantor
9.000%, 10/01/2025 (A)			1,124			1,259
6.000%, 10/01/2024 (A)			1,468			1,573
Bausch Health
9.000%, 12/15/2025 (A)			1,751			1,966
7.250%, 05/30/2029 (A)			555			606
7.000%, 03/15/2024 (A)			805			846
7.000%, 01/15/2028 (A)			290			312
6.500%, 03/15/2022 (A)			900			930
6.125%, 04/15/2025 (A)			3,340			3,461
5.875%, 05/15/2023 (A)			356			361
5.750%, 08/15/2027 (A)			239			258
5.500%, 03/01/2023 (A)			1,352			1,369
Bausch Health Americas
9.250%, 04/01/2026 (A)			5,720			6,499

Description		Face Amount (Thousands)			Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
8.500%, 01/31/2027 (A)	$		2,236	$		2,510
BCPE Cycle Merger Sub II
10.625%, 07/15/2027 (A)			425			410
Catalent Pharma Solutions
5.000%, 07/15/2027 (A)			453			470
Centene
6.125%, 02/15/2024			200			208
5.375%, 06/01/2026 (A)			2,405			2,516
4.750%, 01/15/2025			5,273			5,413
Charles River Laboratories International
5.500%, 04/01/2026 (A)			1,425			1,516
CHS
8.625%, 01/15/2024 (A)			2,105			2,173
8.000%, 03/15/2026 (A)			1,888			1,883
6.875%, 02/01/2022			540			410
6.250%, 03/31/2023			955			949
DaVita
5.000%, 05/01/2025			1,907			1,900
Eagle Holding II
7.750%, 05/15/2022 (A)			832			839
Encompass Health
5.750%, 09/15/2025			1,587			1,656
4.750%, 02/01/2030			415			419
4.500%, 02/01/2028			2,356			2,382
Endo
6.000%, 07/15/2023 (A)			2,619			1,606
Endo Finance
5.750%, 01/15/2022 (A)			981			633
Envision Healthcare
8.750%, 10/15/2026 (A)			3,112			1,898
Gates Global
6.000%, 07/15/2022 (A)			585			583
HCA
5.875%, 02/15/2026			3,825			4,276
5.875%, 02/01/2029			3,395			3,813
5.625%, 09/01/2028			1,446			1,611
5.375%, 02/01/2025			6,756			7,381
5.375%, 09/01/2026			1,856			2,039
Hill-Rom Holdings
5.750%, 09/01/2023 (A)			540			554
5.000%, 02/15/2025 (A)			625			650
4.375%, 09/15/2027 (A)			3,334			3,409
Hologic
4.375%, 10/15/2025 (A)			440			451
Horizon Pharma USA
5.500%, 08/01/2027 (A)			2,417			2,514
Immucor
11.125%, 02/15/2022 (A)			1,030			1,042
inVentiv Group Holdings
7.500%, 10/01/2024 (A)			424			439
IQVIA
5.000%, 10/15/2026 (A)			2,243			2,349

SEI Institutional Managed Trust / Annual Report / September 30, 2019 157

SCHEDULE OF INVESTMENTS

September 30, 2019

High Yield Bond Fund (Continued)

Description		Face Amount (Thousands)			Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
5.000%, 05/15/2027 (A)	$		1,340	$		1,404
Kinetic Concepts
7.875%, 02/15/2021 (A)			612			625
Mallinckrodt International Finance
5.625%, 10/15/2023 (A)			315			104
5.500%, 04/15/2025 (A)			630			186
MEDNAX
6.250%, 01/15/2027 (A)			1,982			1,967
Molina Healthcare
4.875%, 06/15/2025 (A)			1,270			1,276
MPH Acquisition Holdings
7.125%, 06/01/2024 (A)			4,033			3,715
Ortho-Clinical Diagnostics
6.625%, 05/15/2022 (A)			4,506			4,401
Par Pharmaceutical
7.500%, 04/01/2027 (A)			2,884			2,642
Prestige Brands
6.375%, 03/01/2024 (A)			400			416
RegionalCare Hospital Partners Holdings
8.250%, 05/01/2023 (A)			1,057			1,124
Select Medical
6.250%, 08/15/2026 (A)			1,815			1,897
Sotera Health Holdings
6.500%, 05/15/2023 (A)			1,785			1,823
Surgery Center Holdings
6.750%, 07/01/2025 (A)			403			362
Tenet Healthcare
7.000%, 08/01/2025			3,334			3,376
6.750%, 06/15/2023			2,555			2,683
6.250%, 02/01/2027 (A)			2,358			2,456
5.125%, 05/01/2025			1,524			1,545
5.125%, 11/01/2027 (A)			1,245			1,286
4.875%, 01/01/2026 (A)			1,340			1,375
4.625%, 07/15/2024			3,022			3,106
WellCare Health Plans
5.250%, 04/01/2025			1,365			1,421
						131,588
Industrials — 8.4%
ACCO Brands
5.250%, 12/15/2024 (A)			420			435
ADT Security
4.875%, 07/15/2032 (A)			735			643
Advanced Drainage Systems
5.000%, 09/30/2027 (A)			383			388
Alcoa
5.125%, 10/01/2024			30			32
Allison Transmission
5.875%, 06/01/2029 (A)			210			228
5.000%, 10/01/2024 (A)			220			225
4.750%, 10/01/2027 (A)			2,575			2,642

Description		Face Amount (Thousands)			Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
American Woodmark
4.875%, 03/15/2026 (A)	$		525	$		529
Arconic
6.750%, 01/15/2028			382			435
5.900%, 02/01/2027			535			599
Avis Budget Car Rental
6.375%, 04/01/2024 (A)			1,270			1,326
5.750%, 07/15/2027 (A)			646			666
5.250%, 03/15/2025 (A)			85			87
Avolon Holdings Funding
5.250%, 05/15/2024 (A)			682			730
Beacon Roofing Supply
4.875%, 11/01/2025 (A)			850			833
4.500%, 11/15/2026 (A)			1,716			1,733
Bombardier
7.875%, 04/15/2027 (A)			3,002			2,990
7.500%, 12/01/2024 (A)			2,113			2,113
7.500%, 03/15/2025 (A)			475			474
6.000%, 10/15/2022 (A)			1,490			1,488
Builders FirstSource
6.750%, 06/01/2027 (A)			819			882
5.625%, 09/01/2024 (A)			1,015			1,056
BWX Technologies
5.375%, 07/15/2026 (A)			1,548			1,627
CDW
5.000%, 09/01/2025			550			571
4.250%, 04/01/2028			485			495
Clean Harbors
5.125%, 07/15/2029 (A)			239			253
4.875%, 07/15/2027 (A)			1,759			1,836
Cloud Crane
10.125%, 08/01/2024 (A)			2,300			2,461
Colfax
6.375%, 02/15/2026 (A)			85			91
6.000%, 02/15/2024 (A)			35			37
Core & Main
6.125%, 08/15/2025 (A)			1,736			1,732
Core & Main Holdings
8.625% cash/9.375% PIK, 09/15/2024 (A)			1,235			1,244
CPG Merger
8.000%, 10/01/2021 (A)			765			765
DAE Funding
5.750%, 11/15/2023 (A)			1,095			1,151
4.500%, 08/01/2022 (A)			660			670
EnPro Industries
5.750%, 10/15/2026			328			350
Fortress Transportation & Infrastructure Investors
6.750%, 03/15/2022 (A)			1,975			2,064
6.500%, 10/01/2025 (A)			640			657

158 SEI Institutional Managed Trust / Annual Report / September 30, 2019

Description		Face Amount (Thousands)			Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
GFL Environmental
8.500%, 05/01/2027 (A)	$		709	$		786
7.000%, 06/01/2026 (A)			4,728			4,976
5.375%, 03/01/2023 (A)			3,666			3,711
Global A&T Electronics
8.500%, 01/12/2023			5,629			5,271
Granite Holdings US Acquisition
11.000%, 10/01/2027 (A)			1,685			1,626
H&E Equipment Services
5.625%, 09/01/2025			4,110			4,231
Harsco
5.750%, 07/31/2027 (A)			465			484
Herc Holdings
5.500%, 07/15/2027 (A)			2,160			2,246
Hertz
7.625%, 06/01/2022 (A)			625			651
7.125%, 08/01/2026 (A)			440			459
6.250%, 10/15/2022			160			162
5.500%, 10/15/2024 (A)			710			708
Hillman Group
6.375%, 07/15/2022 (A)			2,645			2,480
IAA
5.500%, 06/15/2027 (A)			625			659
Icahn Enterprises
4.750%, 09/15/2024 (A)			3,400			3,397
James Hardie International Finance DAC
5.000%, 01/15/2028 (A)			1,224			1,270
4.750%, 01/15/2025 (A)			200			206
JELD-WEN
4.875%, 12/15/2027 (A)			1,448			1,434
4.625%, 12/15/2025 (A)			355			356
LTF Merger
8.500%, 06/15/2023 (A)			830			852
Masonite International
5.375%, 02/01/2028 (A)			3,962			4,130
New Enterprise Stone & Lime
10.125%, 04/01/2022 (A)			1,945			1,999
6.250%, 03/15/2026 (A)			2,935			3,001
Nielsen Finance
5.000%, 04/15/2022 (A)			1,432			1,436
Nielsen Luxembourg Sarl
5.000%, 02/01/2025 (A)			1,610			1,590
Novelis
6.250%, 08/15/2024 (A)			200			209
PGT Escrow Issuer
6.750%, 08/01/2026 (A)			300			323
Prime Security Services Borrower
5.250%, 04/15/2024 (A)			1,345			1,381
RBS Global
4.875%, 12/15/2025 (A)			3,008			3,090
Remington Arms
0.000%, 12/31/2049 (B)			1,245			–

Description		Face Amount (Thousands)			Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
Sensata Technologies
5.000%, 10/01/2025 (A)	$		3,023	$		3,231
4.375%, 02/15/2030 (A)			916			915
Sensata Technologies UK Financing
6.250%, 02/15/2026 (A)			1,345			1,432
SPX FLOW
5.875%, 08/15/2026 (A)			230			240
5.625%, 08/15/2024 (A)			170			176
Standard Industries
4.750%, 01/15/2028 (A)			725			749
Stericycle
5.375%, 07/15/2024 (A)			1,238			1,272
Stevens Holding
6.125%, 10/01/2026 (A)			245			261
Summit Materials
6.125%, 07/15/2023			391			398
5.125%, 06/01/2025 (A)			2,338			2,396
Team Health Holdings
6.375%, 02/01/2025 (A)			833			576
Teck Resources
6.125%, 10/01/2035			269			307
Terex
5.625%, 02/01/2025 (A)			545			559
Titan International
6.500%, 11/30/2023			855			680
TransDigm
6.375%, 06/15/2026			623			656
6.250%, 03/15/2026 (A)			6,971			7,485
TransDigm UK Holdings
6.875%, 05/15/2026			780			838
TriMas
4.875%, 10/15/2025 (A)			205			209
Triumph Group
7.750%, 08/15/2025			2,340			2,361
6.250%, 09/15/2024 (A)			417			434
4.875%, 04/01/2021			355			355
Tutor Perini
6.875%, 05/01/2025 (A)			5,571			5,404
United Rentals North America
6.500%, 12/15/2026			2,855			3,111
5.875%, 09/15/2026			1,355			1,445
5.500%, 05/15/2027			991			1,050
4.875%, 01/15/2028			1,171			1,218
4.625%, 10/15/2025			1,660			1,694
Vertiv Group
9.250%, 10/15/2024 (A)			1,915			1,846
Wabash National
5.500%, 10/01/2025 (A)			475			467
Weekley Homes
6.625%, 08/15/2025			3,395			3,403
Welbilt
9.500%, 02/15/2024			240			257

SEI Institutional Managed Trust / Annual Report / September 30, 2019 159

SCHEDULE OF INVESTMENTS

September 30, 2019

High Yield Bond Fund (Continued)

Description		Face Amount (Thousands)			Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
XPO Logistics
6.750%, 08/15/2024 (A)	$		1,781	$		1,932
6.500%, 06/15/2022 (A)			240			245
6.125%, 09/01/2023 (A)			230			238
						137,502
Information Technology — 3.2%
ACI Worldwide
5.750%, 08/15/2026 (A)			379			402
Anixter
6.000%, 12/01/2025			225			249
5.500%, 03/01/2023			230			248
Ascend Learning
6.875%, 08/01/2025 (A)			530			550
Avaya (Escrow Security)
7.000%, 04/01/2019 (C)			2,794			–
CDK Global
5.875%, 06/15/2026			120			127
5.250%, 05/15/2029 (A)			190			197
CommScope
5.500%, 06/15/2024 (A)			470			442
CommScope Finance
8.250%, 03/01/2027 (A)			4,985			4,852
6.000%, 03/01/2026 (A)			1,415			1,464
5.500%, 03/01/2024 (A)			2,075			2,135
CommScope Technologies
6.000%, 06/15/2025 (A)			2,690			2,434
Dell International
6.020%, 06/15/2026 (A)			2,691			3,026
Entegris
4.625%, 02/10/2026 (A)			1,663			1,721
Gartner
5.125%, 04/01/2025 (A)			245			256
Genesys Telecommunications Laboratories
10.000%, 11/30/2024 (A)			2,430			2,627
Go Daddy Operating
5.250%, 12/01/2027 (A)			2,414			2,538
Harland Clarke Holdings
6.875%, 03/01/2020 (A)			601			592
Hughes Satellite Systems
7.625%, 06/15/2021			957			1,031
6.625%, 08/01/2026			140			152
5.250%, 08/01/2026			900			963
Infor US
6.500%, 05/15/2022			2,360			2,398
Informatica
7.125%, 07/15/2023 (A)			735			748
MagnaChip Semiconductor
6.625%, 07/15/2021			345			340
Micron Technology
5.327%, 02/06/2029			1,419			1,558

Description		Face Amount (Thousands)			Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
MTS Systems
5.750%, 08/15/2027 (A)	$		140	$		146
NCR
6.375%, 12/15/2023			675			694
6.125%, 09/01/2029 (A)			450			474
5.750%, 09/01/2027 (A)			1,230			1,273
5.000%, 07/15/2022			2,361			2,388
Nuance Communications
5.625%, 12/15/2026			2,244			2,373
Rackspace Hosting
8.625%, 11/15/2024 (A)			5,160			4,747
Sabre
5.250%, 11/15/2023 (A)			865			889
Solera
10.500%, 03/01/2024 (A)			870			920
SS&C Technologies
5.500%, 09/30/2027 (A)			1,637			1,711
Symantec
5.000%, 04/15/2025 (A)			1,885			1,906
TIBCO Software
11.375%, 12/01/2021 (A)			1,859			1,940
ViaSat
5.625%, 09/15/2025 (A)			838			844
VMware
3.900%, 08/21/2027			684			703
Zayo Group
6.375%, 05/15/2025			575			592
6.000%, 04/01/2023			415			426
						53,076
Materials — 7.8%
AK Steel
7.000%, 03/15/2027			1,444			1,235
Alcoa Nederland Holding BV
7.000%, 09/30/2026 (A)			285			309
6.750%, 09/30/2024 (A)			495			521
6.125%, 05/15/2028 (A)			1,098			1,169
Aleris International
10.750%, 07/15/2023 (A)			693			729
Alpha 2 BV
8.750% cash/8.750% PIK, 06/01/2023 (A)			1,475			1,464
Alpha 3 BV
6.250%, 02/01/2025 (A)			1,800			1,809
ARD Finance
7.125% cash/7.875% PIK, 09/15/2023			1,389			1,431
ARD Securities Finance SARL
8.750% cash/8.750% PIK, 01/31/2023 (A)			764			790
Ardagh Packaging Finance
6.000%, 02/15/2025 (A)			2,355			2,463
5.250%, 08/15/2027 (A)			1,150			1,164

160 SEI Institutional Managed Trust / Annual Report / September 30, 2019

Description		Face Amount (Thousands)			Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
Ashland
6.875%, 05/15/2043	$		851	$		974
Axalta Coating Systems
4.875%, 08/15/2024 (A)			290			299
Baffinland Iron Mines
8.750%, 07/15/2026 (A)			2,860			2,929
Berry Global
5.625%, 07/15/2027 (A)			1,395			1,444
4.500%, 02/15/2026 (A)			2,593			2,557
Berry Global (Escrow Security)
4.875%, 07/15/2026 (A)			2,634			2,723
Boart Longyear Management Pty
10.000%, 12/31/2022			1,849			1,785
BWAY Holding
7.250%, 04/15/2025 (A)			1,894			1,791
5.500%, 04/15/2024 (A)			2,345			2,409
CENVO Corp (Escrow Security)
0.000%, 09/15/2022 (B)(D)(F)			5,650			77
CF Industries
5.150%, 03/15/2034			998			1,044
Chemours
7.000%, 05/15/2025			335			316
6.625%, 05/15/2023			525			518
5.375%, 05/15/2027			511			441
Clearwater Paper
5.375%, 02/01/2025 (A)			910			871
Cleveland-Cliffs
5.750%, 03/01/2025			1,570			1,542
4.875%, 01/15/2024 (A)			998			1,018
Constellium
6.625%, 03/01/2025 (A)			350			365
5.875%, 02/15/2026 (A)			1,598			1,666
5.750%, 05/15/2024 (A)			270			277
Cornerstone Chemical
6.750%, 08/15/2024 (A)			5,115			4,723
Crown Americas
4.750%, 02/01/2026			1,268			1,327
4.250%, 09/30/2026			1,833			1,897
CVR Partners
9.250%, 06/15/2023 (A)			1,385			1,444
Eldorado
9.500%, 06/01/2024 (A)			1,430			1,544
Element Solutions
5.875%, 12/01/2025 (A)			2,050			2,142
First Quantum Minerals
7.500%, 04/01/2025 (A)			2,760			2,712
7.250%, 04/01/2023 (A)			785			773
6.875%, 03/01/2026 (A)			1,613			1,536
6.500%, 03/01/2024 (A)			560			534
Flex Acquisition
7.875%, 07/15/2026 (A)			822			754
6.875%, 01/15/2025 (A)			2,619			2,389

Description		Face Amount (Thousands)			Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
FMG Resources August 2006 Pty
5.125%, 05/15/2024 (A)	$		705	$		733
4.500%, 09/15/2027 (A)			710			694
Freeport-McMoRan
5.450%, 03/15/2043			3,836			3,456
5.400%, 11/14/2034			2,385			2,266
5.250%, 09/01/2029			395			394
5.000%, 09/01/2027			3,485			3,468
4.550%, 11/14/2024			70			72
3.875%, 03/15/2023			2,466			2,484
GCP Applied Technologies
5.500%, 04/15/2026 (A)			575			587
Greif
6.500%, 03/01/2027 (A)			345			366
Hexion
7.875%, 07/15/2027 (A)			4,720			4,637
Hudbay Minerals
7.625%, 01/15/2025 (A)			698			708
INEOS Group Holdings
5.625%, 08/01/2024 (A)			1,340			1,376
Kraton Polymers
7.000%, 04/15/2025 (A)			825			860
LABL Escrow Issuer
10.500%, 07/15/2027 (A)			290			293
6.750%, 07/15/2026 (A)			390			406
LSB Industries
9.625%, 05/01/2023 (A)			3,305			3,487
Mineral Resources
8.125%, 05/01/2027 (A)			2,835			2,918
Mountain Province Diamonds
8.000%, 12/15/2022 (A)			2,250			2,199
Neon Holdings
10.125%, 04/01/2026 (A)			285			287
New Gold
6.375%, 05/15/2025 (A)			1,055			985
6.250%, 11/15/2022 (A)			2,463			2,469
NOVA Chemicals
5.250%, 06/01/2027 (A)			225			234
5.000%, 05/01/2025 (A)			1,700			1,730
4.875%, 06/01/2024 (A)			300			308
Novelis
5.875%, 09/30/2026 (A)			2,738			2,871
OI European Group BV
4.000%, 03/15/2023 (A)			1,646			1,656
Owens-Brockway Glass Container
6.375%, 08/15/2025 (A)			600			636
5.875%, 08/15/2023 (A)			1,015			1,077
Rain CII Carbon
7.250%, 04/01/2025 (A)			5,715			5,458
Reichhold Industries
9.000%, 05/08/2017 (A)(B)(C)			859			–

SEI Institutional Managed Trust / Annual Report / September 30, 2019 161

SCHEDULE OF INVESTMENTS

September 30, 2019

High Yield Bond Fund (Continued)

Description		Face Amount (Thousands)			Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
Reynolds Group
7.000%, 07/15/2024 (A)	$		1,183	$		1,226
5.750%, 10/15/2020			1,061			1,063
Reynolds Group Issuer
5.803%, VAR ICE LIBOR USD 3 Month+3.500%, 07/15/2021 (A)			600			601
Scotts Miracle-Gro
5.250%, 12/15/2026			705			740
Starfruit Finco BV
8.000%, 10/01/2026 (A)			2,330			2,333
Taseko Mines
8.750%, 06/15/2022 (A)			978			895
Trident Merger Sub
6.625%, 11/01/2025 (A)			1,596			1,397
Trident TPI Holdings
9.250%, 08/01/2024 (A)			1,712			1,678
Trinseo Materials Operating
5.375%, 09/01/2025 (A)			675			656
Trivium Packaging Finance BV
8.500%, 08/15/2027 (A)			818			885
5.500%, 08/15/2026 (A)			1,175			1,235
Tronox
6.500%, 04/15/2026 (A)			914			871
Tronox Finance
5.750%, 10/01/2025 (A)			1,318			1,246
United States Steel
6.250%, 03/15/2026			2,116			1,777
Venator Finance Sarl
5.750%, 07/15/2025 (A)			761			641
Warrior Met Coal
8.000%, 11/01/2024 (A)			1,490			1,550
						127,814
Real Estate — 1.7%
Brookfield Property REIT
5.750%, 05/15/2026 (A)			1,695			1,771
CoreCivic
5.000%, 10/15/2022			245			245
4.625%, 05/01/2023			475			460
Equinix
5.875%, 01/15/2026			605			644
5.750%, 01/01/2025			70			73
GEO Group
6.000%, 04/15/2026			1,370			1,106
5.875%, 01/15/2022			1,165			1,124
5.125%, 04/01/2023			1,497			1,321
Iron Mountain
5.250%, 03/15/2028 (A)			1,897			1,961
4.875%, 09/15/2027 (A)			1,535			1,570
4.875%, 09/15/2029 (A)			2,525			2,563
Iron Mountain US Holdings
5.375%, 06/01/2026 (A)			650			673

Description		Face Amount (Thousands)			Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
iStar
4.750%, 10/01/2024	$		426	$		433
Kennedy-Wilson
5.875%, 04/01/2024			350			359
Lamar Media
5.750%, 02/01/2026			715			756
MPT Operating Partnership
5.000%, 10/15/2027			998			1,045
4.625%, 08/01/2029			1,695			1,746
Newmark Group
6.125%, 11/15/2023			525			570
Realogy Group
4.875%, 06/01/2023 (A)			986			922
RHP Hotel Properties
5.000%, 04/15/2023			415			423
Ryman Hospitality Properties
4.750%, 10/15/2027 (A)			2,238			2,302
Sabra Health Care
5.125%, 08/15/2026			456			487
SBA Communications
4.875%, 09/01/2024			485			502
Uniti Group
8.250%, 10/15/2023			470			425
7.125%, 12/15/2024 (A)			730			638
6.000%, 04/15/2023 (A)			2,140			2,068
VICI Properties 1
8.000%, 10/15/2023			810			886
						27,073
Utilities — 1.8%
AES
6.000%, 05/15/2026			140			149
5.500%, 04/15/2025			415			431
AmeriGas Partners
5.875%, 08/20/2026			485			532
5.750%, 05/20/2027			1,182			1,274
5.500%, 05/20/2025			1,658			1,780
Calpine
5.250%, 06/01/2026 (A)			613			634
Clearway Energy Operating
5.750%, 10/15/2025 (A)			814			857
FirstEnergy Solutions
6.050%, 08/15/2021 (C)			755			593
NextEra Energy Operating Partners
4.500%, 09/15/2027 (A)			2,139			2,187
4.250%, 07/15/2024 (A)			1,576			1,623
3.875%, 10/15/2026 (A)			1,545			1,549
NRG Energy
7.250%, 05/15/2026			1,890			2,070
6.625%, 01/15/2027			176			191
5.250%, 06/15/2029 (A)			770			828

162 SEI Institutional Managed Trust / Annual Report / September 30, 2019

Description		Face Amount (Thousands)			Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
NSG Holdings
7.750%, 12/15/2025 (A)	$		1,452	$		1,557
Talen Energy Supply
7.250%, 05/15/2027 (A)			1,579			1,605
6.625%, 01/15/2028 (A)			1,635			1,606
TerraForm Power Operating
5.000%, 01/31/2028 (A)			1,523			1,584
4.250%, 01/31/2023 (A)			1,474			1,503
Vistra Operations
5.625%, 02/15/2027 (A)			2,329			2,453
5.500%, 09/01/2026 (A)			920			962
5.000%, 07/31/2027 (A)			1,883			1,939
4.300%, 07/15/2029 (A)			1,878			1,927
						29,834
Total Corporate Obligations (Cost $1,222,884) ($ Thousands)						1,217,358
ASSET-BACKED SECURITIES — 8.9%
Other Asset-Backed Securities — 8.9%
Airplanes Pass-Through Trust, Ser 2001-1A, Cl A9
2.875%, VAR ICE LIBOR USD 1 Month+0.550%, 03/15/2019 (A)(B)(C)			587			24
B&M CLO, Ser 2014-1A, Cl E
8.072%, VAR ICE LIBOR USD 3 Month+5.750%, 04/16/2026 (A)(B)			2,480			2,034
Battalion CLO IV, Ser 2013-4A, Cl SUB
0.000%, 10/22/2025 (A)(B)(G)			5,640			28
Battalion CLO V, Ser 2014-5A, Cl SUB
0.000%, 04/17/2026 (A)(B)(G)			3,274			64
Battalion CLO VII, Ser 2014-7A, Cl SUB
0.000%, 07/17/2028 (A)(B)(G)			4,490			1,661
Battalion CLO VIII, Ser 2015-8A, Cl SUB
0.000%, 04/18/2030 (A)(B)(G)			3,390			2,068
Battalion CLO X, Ser 2016-10A, Cl SUB
0.000%, 01/24/2029 (A)(B)(G)			4,450			3,605
Battalion CLO XI, Ser 2017-11A, Cl SUB
0.000%, 10/24/2029 (A)(B)(G)			5,857			4,569
Battalion CLO XII, Ser 2018-12A, Cl SUB
0.000%, 05/17/2031 (A)(B)(G)			4,663			3,824
Battalion CLO XIV, Ser 2019-14A
0.000%, 04/20/2032 (B)(G)			3,427			3,063
Battalion CLO XVI
0.000%, (B)(G)(H)			2,334			2,334
Benefit Street Partners CLO III, Ser 2013-IIIA, Cl SUB
0.000%, 07/20/2029 (A)(B)(G)			2,531			962
Benefit Street Partners CLO IV
0.000%, 07/20/2026 *(A)(B)(G)			3			1,814

Description		Face Amount (Thousands)			Market Value ($ Thousands)
ASSET-BACKED SECURITIES (continued)
Benefit Street Partners CLO IX
0.000%, 07/20/2025 (A)(B)(G)	$		2,293	$		1,972
Benefit Street Partners CLO V
0.000%, 10/20/2026 (A)(B)(G)			6,387			188
Benefit Street Partners CLO V-B
0.000%, 04/20/2031 (B)(G)			10,259			7,222
Benefit Street Partners CLO VI, Ser 2015-VIA, Cl SUB
0.000%, 10/18/2029 (A)(B)(G)			7,502			5,101
Benefit Street Partners CLO VII, Ser 2015-VIII, Cl SUB
0.000%, 07/18/2027 (B)(G)			6,715			3,981
Benefit Street Partners CLO VIII
0.000%, 01/20/2028 *(A)(B)(G)			6,720			4,771
Benefit Street Partners CLO X, Ser 2016-10A, Cl SUB
0.000%, 01/15/2029 (A)(B)(G)			6,228			4,017
Benefit Street Partners CLO XIV, Warehouse Note, Ser 2018-14A, Cl SUB
0.000%, 04/20/2031 (A)(B)(G)			3,809			2,933
Benefit Street Partners Static CLO, Warehouse Note
0.000%, (B)(G)(H)			2,971			2,952
Cathedral Lake CLO, Ser 2015-3A, Cl SUB
0.000%, 01/15/2026 (A)(B)(G)			1,869			1,294
Cathedral Lake V, Ser 2018-5A, Cl SUB
0.000%, 10/21/2030 (A)(B)(G)			3,139			2,291
CVP Cascade CLO, Ser 2014-2A, Cl D
7.100%, VAR ICE LIBOR USD 3 Month+4.800%, 07/18/2026 (A)(B)			759			652
CVP Cascade CLO, Ser 2014-2A, Cl E
8.100%, VAR ICE LIBOR USD 3 Month+5.800%, 07/18/2026 (A)(B)			2,469			2,234
Dryden 75 CLO, Ser 2019-75A, Cl SUB
0.000%, 07/15/2030 (A)(B)(G)			2,915			2,347
Fifth Street Senior Loan Fund, Ser 2015-1A, Cl E
9.478%, VAR ICE LIBOR USD 3 Month+7.200%, 01/20/2027 (A)(B)			3,890			3,764
Figueroa CLO, Ser 2013-2A, Cl SUB
0.000%, 06/20/2027 (A)(B)(G)			2,907			1,132
Great Lakes CLO, Ser 2014-1A, Cl SUB
0.000%, 10/15/2029 (A)(B)(G)			4,860			3,888
Great Lakes CLO, Ser 2015-1A, Cl ER
9.682%, VAR ICE LIBOR USD 3 Month+7.360%, 01/16/2030 (A)(B)			3,253			3,025
Great Lakes CLO, Ser 2015-1A, Cl FR
12.322%, VAR ICE LIBOR USD 3 Month+10.000%, 01/16/2030 (A)(B)			1,198			964
Great Lakes CLO, Ser 2015-1A, Cl SUB
0.000%, 01/16/2030 (A)(B)(G)			4,519			3,227

SEI Institutional Managed Trust / Annual Report / September 30, 2019 163

SCHEDULE OF INVESTMENTS

September 30, 2019

High Yield Bond Fund (Continued)

Description		Face Amount (Thousands)			Market Value ($ Thousands)
ASSET-BACKED SECURITIES (continued)
Great Lakes CLO, Ser 2017-1A, Cl ER
9.803%, VAR ICE LIBOR USD 3 Month+7.500%, 10/15/2029 (A)(B)	$		3,321	$		3,163
Great Lakes CLO, Ser 2017-1A, Cl FR
12.303%, VAR ICE LIBOR USD 3 Month+10.000%, 10/15/2029 (A)(B)			1,940			1,612
Ivy Hill Middle Market Credit Fund VII, Ser 2013-7A, Cl SUB
0.000%, 10/20/2029 (A)(B)(G)			2,484			1,804
Ivy Hill Middle Market Credit Fund XII, Ser 2017-12A, Cl D
9.838%, VAR ICE LIBOR USD 3 Month+7.560%, 07/20/2029 (A)(B)			3,223			3,029
Ivy Hill Middle Market Credit Fund XII, Ser 2017-12A, Cl SUB
0.000%, 07/20/2029 (A)(B)(G)			651			544
Ivy Hill Middle Market Credit Fund XIV, Ser 2018-14A, Cl D
9.370%, VAR ICE LIBOR USD 3 Month+7.070%, 04/18/2030 (A)(B)			1,559			1,416
IVY Hill Middle Market Credit Fund XIV, Ser 2018-14A, Cl SUB
0.000%, 04/18/2030 (A)(B)(G)			1,169			971
Lockwood Grove CLO, Ser 2014-1A, Cl SUB
0.000%, 01/25/2030 (A)(B)(G)			3,797			2,572
Lockwood Grove CLO, Ser 2018-1A, Cl ERR
8.126%, VAR ICE LIBOR USD 3 Month+5.850%, 01/25/2030 (A)(B)			2,499			2,174
Neuberger Berman CLO XVI-S, Ser 2018-16SA, Cl SUB
0.000%, 01/15/2028 (A)(B)(G)			1,459			1,124
Neuberger Berman CLO XXII, Ser 2016-22A, Cl F
0.100%, 10/17/2030 (A)(B)			112			45
Neuberger Berman CLO XXII, Ser 2016-22A, Cl SUB
0.000%, 10/17/2027 (A)(B)(G)			3,640			2,075
NewStar Clarendon Fund CLO, Ser 2015-1A, Cl E
8.326%, VAR ICE LIBOR USD 3 Month+6.050%, 01/25/2027 (A)(B)			3,439			3,205
NewStar Fairfield Fund CLO, Ser 2015-2A, Cl SUB
0.000%, 04/20/2030 (A)(B)(G)			7,983			4,889
OCP CLO, Ser 2017-14A, Cl SUB
0.000%, 11/20/2030 (A)(B)(G)			1,655			1,092
Shackleton 2019-XIV Clo, Ser 2019-14A, Cl SUB
0.000%, 07/20/2030 (A)(B)(G)			1,999			1,599
Shackleton CLO, Ser 2014-6A, Cl SUB
0.000%, 07/17/2026 (A)(B)(G)			7,935			24
Shackleton CLO, Ser 2014-6RA
0.000%, 07/17/2028 (B)(G)			6,388			4,472

Description		Face Amount (Thousands)			Market Value ($ Thousands)
ASSET-BACKED SECURITIES (continued)
TCP Whitney CLO, Ser 2017-1I, Cl SUB
0.000%, 08/20/2029 (B)(G)	$		9,085	$		7,518
TCW CLO, Ser 2017-1A, Cl SUB
0.000%, 07/29/2029 (A)(B)(G)			4,194			2,800
TCW CLO, Ser 2018-1A, Cl SUB
0.000%, 04/25/2031 (A)(B)(G)			2,978			2,138
TCW CLO, Ser 2019-2
0.000%, (B)(G)(H)			1,673			1,673
Venture 35 CLO, Ser 2018-35A, Cl SUB
0.000%, 10/22/2031 (A)(B)(G)			11,892			7,462
Venture CDO, Ser 2016-25A, Cl SUB
0.000%, 04/20/2029 (A)(B)(G)			2,030			1,340
Venture XXVI CLO, Ser 2017-26A, Cl SUB
0.000%, 01/20/2029 (A)(B)(G)			1,609			981
Venture XXVIII CLO, Ser 2017-28A, Cl SUB
0.000%, 07/20/2030 (A)(B)(G)			3,228			2,227
Total Asset-Backed Securities (Cost $122,550) ($ Thousands)						145,954
LOAN PARTICIPATIONS — 8.8%
Academy, Ltd., Initial Term Loan, 1st Lien
6.100%, VAR LIBOR+4.000%, 07/01/2022			4,880			3,398
Acrisure, LLC, 2017-2 Refinancing Term Loan, 1st Lien
6.354%, 11/22/2023			1,332			1,323
Air Medical Group Holdings, Inc., 2018 New Term Loan, 1st Lien
6.294%, VAR LIBOR+4.250%, 03/14/2025 (I)			1,021			955
Air Medical Group Holdings, Inc., 2018 Term Loan, 1st Lien
5.307%, VAR LIBOR+3.250%, 04/28/2022			1,867			1,743
Akorn, Inc., Loan, 1st Lien
9.120%, VAR LIBOR+4.250%, 04/16/2021			799			736
Aleris International, Inc., Initial Term Loan, 1st Lien
6.794%, 02/27/2023			1,930			1,930
Alvogen Pharma US, Inc., 2018 Refinancing Term Loan, 1st Lien
6.790%, 04/01/2022			1,283			1,160
AMC Entertainment Holdings, Inc. (fka AMC Entertainment Inc.), Term B-1 Loan, 1st Lien
5.230%, 04/22/2026			1,722			1,728
American Tire Distributors, Inc., Initial Term Loan, 1st Lien
9.624%, VAR LIBOR+4.250%, 09/02/2024			2,994			2,622

164 SEI Institutional Managed Trust / Annual Report / September 30, 2019

Description	Face Amount (Thousands)		Market Value   ($ Thousands)
LOAN PARTICIPATIONS (continued)
Ascend Learning, LLC, Initial Term Loan, 2nd Lien
5.044%, VAR LIBOR+3.250%, 07/12/2024	$	142	$	141
Asurion, LLC (fka Asurion Corporation), Second Lien Replacement B-2 Term Loan, 1st Lien
8.544%, VAR LIBOR+6.000%, 08/04/2025		2,313		2,349
Avaya Inc., Term Loan B, 1st Lien
6.430%, 12/15/2024		318		302
Avaya Inc., Tranche B Term Loan, 2nd Lien
6.278%, 12/15/2024		534		506
Bass Pro Group, Term Loan B
7.044%, 09/25/2024		943		906
Bausch Health Companies Inc., Initial Term Loan, 1st Lien
5.039%, VAR LIBOR+3.000%, 06/02/2025		526		528
BCP Raptor, LLC, Initial Term Loan, 1st Lien
6.794%, VAR LIBOR+4.250%, 06/24/2024		1,128		1,034
Big River Steel LLC, Closing Date Term Loan, 1st Lien
7.104%, VAR LIBOR+5.000%, 08/23/2023		1,296		1,283
Boardriders, Inc., Initial Loan, 1st Lien
8.624%, 04/23/2024		1,575		1,503
Brazos Delaware II, LLC, Initial Term Loan, 1st Lien
6.046%, 05/21/2025		1,459		1,344
Brookfield Property REIT Inc., Initial Term B Loan, 1st Lien
4.544%, 08/27/2025		1,717		1,692
BWay Holding Company , Initial Term Loan, 1st Lien
5.590%, VAR LIBOR+3.250%, 04/03/2024		2,897		2,833
California Resources Corporation, Initial Loan, 1st Lien
6.794%, VAR LIBOR+4.750%, 12/31/2022		782		693
California Resources Corporation, Loan, 2nd Lien
12.419%, VAR LIBOR+10.375%, 12/31/2021		2,363		2,051
Carestream Health, Inc., Extended Term Loan, 1st Lien
11.544%, 06/07/2021		1,637		1,557
7.794%, 02/28/2021		862		820

Description	Face Amount (Thousands)		Market Value   ($ Thousands)
LOAN PARTICIPATIONS (continued)
Cengage Learning, Inc., 2016 Refinancing Term Loan, 1st Lien
6.294%, VAR LIBOR+4.250%, 06/07/2023	$	3,548	$	3,350
Cenveo Corporation, Exit Term Loan
11.067%, 06/07/2023 (B)		8		8
Cenveo Corporation, Exit Term Loan, 1st Lien
11.563%, 06/07/2023 (B)		1,556		1,549
Claire’s Stores, Term Loan, 1st Lien
9.938%, 10/12/2038 (B)(F)		581		1,017
ConvergeOne Holdings, Corp., Initial Term Loan
7.044%, 01/04/2026		1,682		1,504
Diebold Nixdorf, Incorporated (f/k/a Diebold, Incorporated), Term A-1 Loan, 1st Lien
11.313%, 08/31/2022		919		966
East Valley Tourist Development Authority, Term Loan, 1st Lien
10.064%, VAR LIBOR+8.000%, 09/30/2020 (B)		2,118		2,096
Envision Healthcare Corporation, Initial Term Loan, 1st Lien
5.794%, 10/10/2025		5,780		4,698
Epic Crude Services, LP, Term Loan, 1st Lien
7.040%, 03/02/2026		1,720		1,628
EPIC Y-Grade Services, LP, Term Loan, 1st Lien
7.535%, 06/13/2024		2,078		2,009
Equitrans Midstream Corporation, Loan, 1st Lien
6.550%, 01/31/2024		595		594
Evergreen Skills Lux S.À R.L., Initial Term Loan, 1st Lien
6.946%, VAR LIBOR+4.750%, 04/28/2021		1,910		1,536
Foresight Energy LLC, Term Loan, 1st Lien
8.000%, VAR LIBOR+5.750%, 03/28/2022		1,221		647
Formula One Management Limited, Facility B3 (USD), 1st Lien
4.544%, VAR LIBOR+2.500%, 02/01/2024		942		929
Forterra Finance, LLC, Replacement Term Loan, 1st Lien
5.044%, VAR LIBOR+3.000%, 10/25/2023		984		930
Frontier Communications Corporation, Term B-1 Loan, 1st Lien
5.800%, VAR LIBOR+3.750%, 06/15/2024		1,355		1,350

SEI Institutional Managed Trust / Annual Report / September 30, 2019 165

SCHEDULE OF INVESTMENTS

September 30, 2019

High Yield Bond Fund (Continued)

Description	Face Amount (Thousands)		Market Value   ($ Thousands)
LOAN PARTICIPATIONS (continued)
Gardner Denver, Inc., Tranche B-1 Dollar Term Loan, 1st Lien
4.794%, VAR LIBOR+2.750%, 07/30/2024	$	465	$	467
Gates Global LLC, Term Loan B, 1st Lien
4.794%, 04/01/2024		509		500
Go Wireless, Inc., Senior Lien Term Loan, 1st Lien
8.544%, 12/22/2024		1,084		1,049
Green Energy Partners/Stonewall LLC, Term B-1 Conversion Advances, 1st Lien
7.604%, VAR LIBOR+5.500%, 11/13/2021 (B)		403		386
Gulf Finance, LLC, Tranche B Term Loan, 1st Lien
7.360%, 08/25/2023		1,446		1,093
Harland Clarke Holdings, Cov-Lite, Term Loan, 1st Lien
6.854%, 11/03/2023		279		217
Hillman Group, Inc., The, Initial Term Loan, 1st Lien
6.044%, 05/30/2025 (I)		1,050		1,017
Hummel Station LLC, Construction Term B Advance, 1st Lien
7.242%, VAR LIBOR+6.000%, 10/27/2022 (I)		852		726
iHeartCommunications, Inc. (fka Clear Channel Communications, Inc.), Initial Term Loan, 1st Lien
6.100%, 05/01/2026		887		893
II-VI
0.000%, 05/08/2026 (I)		1,110		1,110
Indivior Finance S.a r.l., 2017 Replacement USD Term Loan, 1st Lien
6.760%, 12/19/2022 (B)		656		598
Inmarsat, Term Loan, 1st Lien
0.000%, 09/23/2026 (I)		813		800
Intelsat Jackson Holdings S.A., Tranche B-3 Term Loan, 1st Lien
5.804%, 11/27/2023		338		339
Intelsat Jackson Holdings S.A., Tranche B-4 Term Loan, 1st Lien
6.554%, 01/02/2024		325		329
KCA Deutag US Finance LLC (KCA Deutag GMBH), 2018 Extended Term Loan, 1st Lien
8.794%, 02/28/2023		232		144
Knight Energy Services, Exit Facility Loan
8.500%, 02/09/2024 (B)(D)(F)		54		54
Kronos Acquisition Intermediate Inc., Initial Loan, 1st Lien
6.256%, 05/15/2023		325		308

Description	Face Amount (Thousands)		Market Value   ($ Thousands)
LOAN PARTICIPATIONS (continued)
Lanai Holdings II, Inc., Initial Term Loan, 1st Lien
7.006%, 08/29/2022	$	2,649	$	2,444
Lifescan Global Corporation, Initial Term Loan, 1st Lien
8.660%, 10/01/2024		4,796		4,314
Ligado Networks LLC (fka New LightSquared, LLC), Junior Loan, 1st Lien
14.610%, VAR LIBOR+12.500%, 12/07/2020 (B)(I)		150		54
MA Financeco., LLC, Tranche B-2 Term Loan, 1st Lien
4.294%, VAR LIBOR+2.500%, 11/19/2021		2,745		2,739
Mashantucket (Western) Pequot Tribe, Term A Loan, 1st Lien
5.544%, VAR LIBOR+3.750%, 06/30/2020 (B)		36		36
Mashantucket (Western) Pequot Tribe, Term B Loan, 1st Lien
10.169%, VAR LIBOR+8.125%, 06/30/2020 (B)		6,969		6,917
Mavenir Systems, Inc., Initial Term Loan, 1st Lien
8.340%, 05/08/2025 (B)		2,972		2,920
McGraw-Hill Global Education Holdings, LLC, Term B Loan, 1st Lien
6.044%, VAR LIBOR+4.000%, 05/04/2022		3,693		3,465
Merrill Communications, Term Loan, 1st Lien
0.000%, 09/25/2026 (B)(I)		1,124		1,115
Metroflag, 2nd Lien
14.000%, 01/06/2009 (B)(C)		300		–
MGM Resorts International (MGM Grand Detroit, LLC), Term A Loan, 1st Lien
4.044%, 12/21/2023		385		383
MLN US HoldCo LLC, Term B Loan, 2nd Lien
6.612%, 11/30/2025		814		753
Mohegan Tribal Gaming Authority, Term B Loan, 1st Lien
6.044%, VAR LIBOR+4.000%, 10/13/2023		998		922
Monitronics International
8.604%, 03/29/2024		3,775		3,454
Moxie Liberty LLC, Construction B-1 Advance, 1st Lien
8.802%, VAR LIBOR+6.500%, 08/21/2020 (I)		852		730
Murray Energy Corporation, Superpriority Term B-2 Loan, 1st Lien
9.354%, 10/17/2022		1,821		684
Navistar, Inc., Tranche B Term Loan, 1st Lien
5.530%, 11/06/2024		1,487		1,479

166 SEI Institutional Managed Trust / Annual Report / September 30, 2019

Description	Face Amount (Thousands)		Market Value   ($ Thousands)
LOAN PARTICIPATIONS (continued)
Neiman Marcus Group LTD LLC, Cash Pay/PIK Extended Term Loan, 1st Lien
8.557%, 10/25/2023	$	1,218	$	928
Nestle Skin Health, Term Loan B
0.000%, 07/17/2026 (I)		715		718
New LightSquared LLC, Loan, 1st Lien
10.852%, VAR LIBOR0.000%, 12/07/2020		113		89
New rue21, LLC, Term Loan, 1st Lien
12.500%, VAR FIXED+12.500%, 09/22/2022		130		112
Nine West Holdings Inc., Term Loan, 1st Lien
10.156%, 03/19/2024		709		698
Nouryon Finance B.V., Initial Dollar Term Loan, 1st Lien
5.292%, 10/01/2025		471		460
Panther BF Aggregator 2 L P, Initial Dollar Term Loan, 1st Lien
5.544%, 04/30/2026		905		895
Patterson Companies, Term Loan B, 1st Lien
7.008%, 08/29/2022		–		–
Peak, Term Loan B, 1st Lien
5.604%, 08/01/2024		2,220		1,912
Perforce Software
6.544%, 07/01/2026 (I)		646		645
Petco Animal Supplies, Inc., Term Loan, 1st Lien
5.506%, VAR LIBOR+3.000%, 01/26/2023		869		655
PetSmart, Inc., Amended Loan, 1st Lien
6.040%, VAR LIBOR+3.000%, 03/11/2022		2,388		2,327
Plantronics, Inc., Initial Term B Loan
4.544%, 07/02/2025		607		605
Polymer Additives, Inc., Closing Date Term Loan
8.124%, 07/31/2025 (B)		513		436
Quorum Health Corporation, Term Loan
9.006%, VAR LIBOR+6.750%, 04/29/2022		908		893
Radio One, Inc., Initial Term Loan
6.050%, VAR LIBOR+4.000%, 04/18/2023		606		586
Refinitiv US Holdings Inc., Initial Dollar Term Loan, 1st Lien
5.794%, 10/01/2025		228		229
Regionalcare Hospital Partners Holdings, Inc., Term B Loan, 1st Lien
6.554%, 11/16/2025		4,713		4,714
Revlon Consumer Products Corporation, Initial Term B Loan
5.624%, VAR LIBOR+3.500%, 09/07/2023		3,054		2,337

Description	Face Amount (Thousands)		Market Value   ($ Thousands)
LOAN PARTICIPATIONS (continued)
5.604%, VAR LIBOR+3.500%, 09/07/2023	$	8	$	6
Schenectady International Group, Inc., Initial Term Loan
7.063%, 10/15/2025		1,851		1,798
6.854%, 10/15/2025		42		41
Scientific Games International, Inc., Initial Term B-5 Loan, 1st Lien
4.896%, VAR LIBOR+2.750%, 08/14/2024		1,295		1,283
4.794%, VAR LIBOR+2.750%, 08/14/2024		313		310
Sequa Mezzanine Holdings L.L.C., Initial Term Loan
7.187%, VAR LIBOR+5.000%, 11/28/2021		1,438		1,424
SP PF Buyer LLC, Closing Date Term Loan
6.830%, 12/22/2025		1,532		1,351
Staples, Inc., 2019 Refinancing New Term B-1 Loan, 1st Lien
7.123%, 04/16/2026		830		818
Starfruit Finco B.V. (Starfruit US Holdco LLC), Initial Dollar Term Loan
5.292%, 10/01/2025		92		90
Steinway Musical Instruments, Inc., Closing Date Loan
5.778%, 02/14/2025		1,330		1,316
Syniverse Holdings, Inc., Tranche C Term Loan
7.028%, VAR LIBOR+5.000%, 03/09/2023		3,051		2,867
Team Health Holdings, Inc., Initial Term Loan
4.794%, VAR LIBOR+2.750%, 02/06/2024		3,495		2,869
Thor Industries, Inc., Initial USD Term Loan
5.875%, 02/01/2026		300		292
Titan Acquisition Limited, Initial Term Loan
5.044%, 03/28/2025		1,084		1,039
Traverse Midstream Partners LLC, Advance
6.050%, VAR LIBOR+4.000%, 09/27/2024 (B)		1,098		963
U.S. Renal Care, Inc., Initial Term Loan, 1st Lien
7.063%, 06/26/2026		355		335
Ultra Resources, Inc., Loan
6.054%, 04/12/2024		1,832		1,204
Weight Watchers International, Inc., Initial Term Loan
6.860%, 11/29/2024		749		750

SEI Institutional Managed Trust / Annual Report / September 30, 2019 167

SCHEDULE OF INVESTMENTS

September 30, 2019

High Yield Bond Fund (Continued)

Description	Face Amount (Thousands)		Market Value   ($ Thousands)
LOAN PARTICIPATIONS (continued)
Windstream Services, LLC (fka Windstream Corporation), Tranche B-6 Term Loan (2016)
10.000%, VAR LIBOR+4.000%, 03/29/2021	$	2,069	$	2,097
Windstream Services, LLC (fka Windstream Corporation), Tranche B-7 Term Loan
9.250%, VAR LIBOR+3.250%, 02/17/2024		579		582
Woodford Express, LLC, Initial Term Loan
7.044%, 01/27/2025		1,239		1,159
Total Loan Participations (Cost $150,937) ($ Thousands)				144,220
	Shares
COMMON STOCK — 1.4%
21st Century Oncology *(B)(F)		1,533		66
Amplify Energy		81,558		503
Aspect Software, Cl CR1 *(B)		27,500		–
Aspect Software, Cl CR2 *(B)		11,134		–
ATD New Holdings *(B)(D)		1,854		52
Avaya Holdings Corp *		26,453		271
Berry Petroleum Corp		330,510		3,094
Caesars Entertainment Corp *		22,112		258
Cenveo Corp *(D)		38,426		557
CHC Group LLC *		1,075		–
Clear Channel Outdoor Holdings Inc, Cl A *		202,317		510
CUI Acquisition *(B)(D)(E)		3		–
Cumulus Media Inc, Cl A *		70,219		1,021
Global Aviation Holdings Inc, Cl A *(B)		97,655		–
Gymboree *(B)(D)		40,312		20
Hexion Holdings *		157,008		1,766
iHeartMedia Inc *		89,378		1,341
Jupiter Resources *(B)(D)		317,569		476
Knight Energy Services *(B)(D)(F)(M)		1,764		94
Medical Card Systems *(B)		284,758		–
Mmodal *(B)(D)		148,769		1,101
Monitronics International *(B)		213,190		3,279
Nine West FKA Premier Brands (D)		92,548		1,388
Parker Drilling		2,817		53
Parker Drilling Co *		76,272		1,443
Quad/Graphics Inc		166		2
Reichhold Industries *(B)(D)(F)		1,427		1,356
Remington Outdoor Company Inc *(B)(D)(F)		12,794		19
Rue 21 *(D)		1,835		128
SandRidge Energy *		3,760,982		37
TE Holdcorp *(B)		50,160		–
Titan Energy LLC *(D)		22,243		1
UCI International Holdings *(B)(D)(F)		27,268		627
VICI Properties Inc		121,940		2,762

Description	Shares		Market Value   ($ Thousands)
COMMON STOCK (continued)
Vistra Energy Corp		59,194	$	1,582
Total Common Stock (Cost $31,676) ($ Thousands)				23,807
	Face Amount (Thousands)
CONVERTIBLE BONDS — 0.4%
CHC Group CV to 125.0000
13.239%, 10/01/2020 (B)(J)	$	55		14
Cheniere Energy
4.250%, 03/15/2045		615		474
Chesapeake Energy CV to 116.7134
5.500%, 09/15/2026		100		60
Liberty Media CV to 16.7764
3.750%, 02/15/2030		4,052		2,872
Liberty Media CV to 22.94686
4.000%, 11/15/2029		493		355
MagnaChip Semiconductor CV to 121.1387
5.000%, 03/01/2021		300		412
MGIC Investment CV to 74.0741
9.000%, 04/01/2063 (A)		1,912		2,556
Oasis Petroleum
2.625%, 09/15/2023		105		78
Tutor Perini
2.875%, 06/15/2021		135		128
Total Convertible Bonds (Cost $6,457) ($ Thousands)				6,949
MUNICIPAL BONDS — 0.4%
Connecticut — 0.2%
Mohegan Tribal, Finance Authority, RB Callable 02/01/2023 @ 100
7.000%, 02/01/2045 (A)		3,540		3,650
Puerto Rico — 0.2%
Commonwealth of Puerto Rico, Ser A, GO
5.250%, 07/01/2023 (C)		350		228
5.125%, 07/01/2037 (C)		340		217
5.000%, 07/01/2041 (C)		765		483
Puerto Rico, Electric Power Authority, Ser A, RB
5.000%, 07/01/2042 (C)		135		105
Puerto Rico, Electric Power Authority, Ser AAA, RB
5.250%, 07/01/2025 (C)		190		149
5.250%, 07/01/2027 (C)		245		191
Puerto Rico, Electric Power Authority, Ser CCC, RB
5.250%, 07/01/2026 (C)		390		305

168 SEI Institutional Managed Trust / Annual Report / September 30, 2019

Description	Face Amount (Thousands)		Market Value   ($ Thousands)
MUNICIPAL BONDS (continued)
Puerto Rico, Electric Power Authority, Ser CCC, RB
5.250%, 07/01/2027 (C)	$	320	$	250
Puerto Rico, Electric Power Authority, Ser NN, RB
5.500%, 07/01/2020 (C)		390		306
Puerto Rico, Electric Power Authority, Ser TT, RB
5.000%, 07/01/2032 (C)		250		195
Puerto Rico, Electric Power Authority, Ser WW, RB
5.500%, 07/01/2020 (C)		165		130
5.500%, 07/01/2021 (C)		170		133
5.500%, 07/01/2038 (C)		75		59
5.250%, 07/01/2033 (C)		105		82
Puerto Rico, Electric Power Authority, Ser XX, RB
5.250%, 07/01/2035 (C)		60		47
				2,880
Total Municipal Bonds (Cost $6,047) ($ Thousands)				6,530
	Shares
PREFERRED STOCK — 0.3%
21st Century Oncology, 0.000% *(B)(F)		1,943		484
Claire’s Stores, 0.000% *(B)(D)		771		786
Crestwood Equity Partners, 9.250% (K)		177,000		1,634
FHLMC, 0.000% *		16,903		347
FNMA, 0.000% *(D)		24,650		559
MYT Holding, 0.000% *(A)		339,147		312
TE Holdcorp, 0.000% *(B)		87,794		–
Total Preferred Stock (Cost $4,378) ($ Thousands)				4,122

Description	Number of Warrants		Market Value   ($ Thousands)
WARRANTS — 0.0%
Guitar Center, Expires 12/30/2027 Strike Price $–*(B)		12,965	$	–
iHeartCommunications, Expires Strike Price *(B)		14,644		190
Jack Cooper Holdings, Expires 04/26/2027 Strike Price $– *(B)		2,496		–
Lion Holding, Expires 12/30/2027 Strike Price $–*(B)		1,575		–
Remington Arms, Expires Strike Price $– *(B)		12,902		–
SandRidge Energy, Expires 10/07/2022 Strike Price $41 *(D)		7,382		–
SandRidge Energy, Expires 10/07/2022 Strike Price $42 *(D)		3,108		–
Total Warrants (Cost $299) ($ Thousands)				190
	Number of Rights
RIGHTS — 0.0%
Texas Competitive Electric Holdings LLC
0.000 ‡‡(D)		218,213		188
Total Rights (Cost $295) ($ Thousands)				188
	Shares
AFFILIATED PARTNERSHIP — 0.0%
SEI Liquidity Fund, L.P.
2.010% **†(L)		1,143		1
Total Affiliated Partnership (Cost $1) ($ Thousands)				1
CASH EQUIVALENT — 5.5%
SEI Daily Income Trust, Government Fund, Cl F
1.800%**†		90,037,636		90,038
Total Cash Equivalent (Cost $90,038) ($ Thousands)				90,038
Total Investments in Securities — 99.9% (Cost $1,635,562) ($ Thousands)			$	1,639,357

SEI Institutional Managed Trust / Annual Report / September 30, 2019 169

SCHEDULE OF INVESTMENTS

September 30, 2019

High Yield Bond Fund (Concluded)

A list of the open centrally cleared swap agreements held by the Fund at September 30, 2019 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 HY32 6.215		Buy		5.00%		Quarterly		06/20/2024		$4,579		$	(323	)	$	(263	)	$	(60	)
CDS_HY32_-6.1266Q		Buy		5.00%		Quarterly		06/20/2024		6,767			(477	)		(383	)		(94	)
CDS_HY32_-6.155		Buy		5.00%		Quarterly		06/20/2024		2,257			(159	)		(128	)		(31	)
CDS_HY32_-6.195		Buy		5.00%		Quarterly		06/20/2024		2,252			(159	)		(129	)		(30	)
CDS_HY32_-6.275		Buy		5.00%		Quarterly		06/20/2024		2,049			(145	)		(119	)		(26	)
CDX NA.HY.29 5Y		Sell		5.00%		Quarterly		12/20/2022		(7,014	)		448			377			71
CDX.NA.HY.30.5Y		Sell		5.00%		Quarterly		06/20/2023		(2,100	)		150			122			28
CDX.NA.HY.31.5Y		Sell		5.00%		Quarterly		12/20/2023		(792	)		59			(39	)		98
												$	(606	)	$	(562	)	$	(44	)

Percentages are based on Net Assets of $1,641,874 ($ Thousands).

* Non-income producing security.

** Rate shown is the 7-day effective yield as of September 30, 2019.

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

^‡‡  Expiration date not available.

(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, 2019, the value of these securities amounted to $933,222 ($ Thousands), representing 56.8% of the Net Assets of the Fund.

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

(C) Security is in default on interest payment.

(D) Securities considered illiquid. The total value of such securities as of September 30, 2019 was $6,999 ($ Thousands) and represented 0.4% of the Net Assets of the Fund (See Note 2).

(E) Securities considered restricted. The total market value of such securities as of September 30, 2019 was $0 ($ Thousands) and represented 0.0% of the Net Assets of the Fund.

(F) 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, 2019 was $22,452 ($ Thousands) and represented 1.4% of the Net Assets of the Fund.

(G) Interest rate unavailable.

(H) Maturity date not available.

(I) Unsettled bank loan. Interest rate may not be available.

(J) Zero coupon security. The rate shown on the Schedule of Investments is the security’s effective yield at the time of purchase.

(K) Security is a Master Limited Partnership. At September 30, 2019, such securities amounted to $1,634 ($ Thousands), or 0.1% of the net assets (See Note 2).

(L) 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, 2019 was $1 ($ Thousands).

(M) Security, or a portion thereof, is owned through a holding entity, Knight Energy Topco, LLC.

CDO — Collateralized Debt Obligation

Cl — Class

CLO — Collateralized Loan Obligation

CV — Convertible Security

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

L.P. — Limited Partnership

Ltd. — Limited

MSCI — Morgan Stanley Capital International

MTN — Medium Term Note

PIK — Payment-in-Kind

Pty — Proprietary

RB — Revenue Bond

REIT — Real Estate investment Trust

SPX — Standard & Poor’s 500 Index

ULC — Unlimited Liability Company

USD — U.S. Dollar

VAR — Variable Rate

The following is a list of the level of inputs used as of September 30, 2019, 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		–		1,214,481			2,877		1,217,358
Asset-Backed Securities		–		–			145,954		145,954
Loan Participations		–		126,071			18,149		144,220
Common Stock		14,644		2,073			7,090		23,807
Convertible Bonds		–		6,935			14		6,949
Municipal Bonds		–		6,530			–		6,530
Preferred Stock		2,193		659			1,270		4,122
Warrants		–		–			190		190
Rights		–		188			–		188
Affiliated Partnership		–		1			–		1
Cash Equivalent		90,038		–			–		90,038
Total Investments in Securities		106,875		1,356,938			175,544		1,639,357
Other Financial Instruments	Level 1 ($)		Level 2 ($)			Level 3 ($)		Total ($)
Centrally Cleared Swaps
Credit Default Swaps*
Unrealized Appreciation		–		197			–		197
Unrealized Depreciation		–		(241	)		–		(241	)
Total Other Financial Instruments		–		(44	)		–		(44	)

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

  170   SEI Institutional Managed Trust / Annual Report / September 30, 2019

The following is a reconciliation of the investments in which significant unobservable inputs (Level 3) were used in determining value ($ Thousands):

	Investments in Corporate Obligations			Investments in Loan Participations			Investments in Convertible Bond			Investments in Common Stock			Investments in Preferred Stock			Investments in Warrants			Investments in Asset-Backed Securities			Investments in Municipal Bonds
Balance as of October 1, 2018	$	7,195		$	18,137		$	55		$	6,587		$	1,046		$	–		$	160,025		$	5,126
Accrued discounts/premiums		4			(597	)		12			–			–			–			187			–
Realized gain/(loss)		(67	)		(2,343	)		(89	)		3,752			780			–			5,192			20
Change in unrealized appreciation/ (depreciation)		120			1,899			37			(1,793	)		275			(72	)		(5,918	)		(42	)
Purchases		44			803			–			3,570			170			262			26,547			–
Sales		(39	)		(6,672	)		(1	)		(6,570	)		(1,001	)		–			(40,079	)		(1,495	)
Net transfer into Level 3		–			11,648			–			1,649			–			–			–			–
Net transfer out of Level 3		(4,380	)		(4,726	)		–			(105	)		–			–			–			(3,609	)
Ending Balance as of
September 30, 2019 (1)	$	2,877		$	18,149		$	14		$	7,090		$	1,270		$	190		$	145,954		$	–
Changes in unrealized gains/(losses)included in earnings related to securities still held at reporting date	$	(2,930	)	$	2,100		$	(69	)	$	(3,426	)	$	(804	)	$	(72	)	$	(1,568	)	$	–

(1) Of the $182,074 ($ Thousands) in Level 3 securities as of September 30, 2019, $7,557 ($ Thousands) or 0.5% 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, 2019, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the year ended September 30, 2019, 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.

The following is a summary of the Fund’s transactions with affiliates for the year ended September 30, 2019 ($ Thousands):

Security Description	Value 9/30/2018	Purchases at Cost	Proceeds from Sales	Realized Gain/ (Loss)	Change in Unrealized Appreciation/ (Depreciation)	Value 9/30/2019	Shares	Income	Capital Gains
SEI Liquidity Fund, L.P.	$—	$1	$—	$—	$—	$1	1,143	$—	$—
SEI Daily Income Trust, Government Fund, Cl F	70,705	765,344	(746,011)	—	—	90,038	90,037,636	1,532	—
Totals	$70,705	$765,345	$(746,011)	$ -	$ -	$90,039	90,038,779	$1,532	$—

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, 2019   171

SCHEDULE OF INVESTMENTS

September 30, 2019

Conservative Income Fund

^†Percentages are based on total investments.

Description	Face Amount (Thousands)		Market Value   ($ Thousands)
COMMERCIAL PAPER — 43.7%
Banks — 8.7%
Antalis
2.051%, 10/04/2019 (B)	$	4,000	$	3,999
BNG Bank
1.921%, 10/01/2019 (B)		3,000		3,000
DBS Bank
1.989%, 02/20/2020 (B)		1,000		992
Federation Des Caisses Desjardins
2.419%, 12/10/2019 (A)(B)		2,000		2,001
2.131%, 12/19/2019 (B)		3,000		2,986
MacQuarie Bank
2.329%, 05/07/2020		2,000		2,000
2.239%, 07/07/2020		1,500		1,500
NRW Bank
2.070%, 11/25/2019 (B)		3,000		2,990
UBS AG
2.484%, 12/19/2019 (A)(B)		1,500		1,501
2.320%, 04/24/2020 (A)(B)		1,000		989
				21,958
Financials — 28.1%
Alberta Province
1.987%, 02/21/2020 (A)(B)		4,000		3,968
Australia & New Zealand Banking Group
2.449%, 01/10/2020 (A)(B)		1,500		1,501
Barton Capital
2.162%, 11/26/2019 (B)		1,000		997
Bennington Stark
2.001%, 10/04/2019 (B)		4,000		3,999
BPCE
2.689%, 10/01/2019 (A)(B)		1,500		1,500
CDP Financial
2.551%, 10/28/2019 (B)		3,000		2,995
2.531%, 11/05/2019 (B)		3,000		2,994
Chariot Funding
2.660%, 10/07/2019 (B)		4,000		3,998
CPPIB Capital
2.701%, 03/09/2020 (B)		3,000		2,973
2.552%, 11/07/2019 (B)		3,000		2,993
Crown Point Capital
2.350%, 01/08/2020		3,000		3,001
2.300%, 02/03/2020		1,000		1,000

Description	Face Amount (Thousands)		Market Value   ($ Thousands)
COMMERCIAL PAPER (continued)
Matchpoint Finance
2.131%, 12/20/2019 (B)	$	2,000	$	1,991
Mont Blanc Capital
2.471%, 10/04/2019 (B)		2,000		2,000
Nordea Bank
2.675%, 04/27/2020 (B)		2,000		1,977
Ontario Teacher Finance Trust
2.610%, 01/02/2020 (B)		2,500		2,487
2.551%, 10/30/2019 (B)		2,500		2,496
2.151%, 03/23/2020 (B)		2,000		1,981
Province of British Columbia
2.030%, 02/04/2020 (A)(B)		2,000		1,986
Regency Markets
2.001%, 10/04/2019 (B)		3,500		3,499
Schlumberger Holdings
2.101%, 10/04/2019 (B)		2,300		2,299
Shell International
2.076%, 06/30/2020 (B)		1,000		985
Suncorp-Metway
2.641%, 11/25/2019 (B)		1,000		996
2.627%, 11/14/2019 (B)		2,000		1,995
2.338%, 12/16/2019 (B)		3,000		2,986
Thunder Bay Funding
2.122%, 02/03/2020 (B)		2,500		2,483
Toyota Motor Credit
2.352%, 01/07/2020		2,000		2,000
United Health
2.132%, 10/08/2019 (B)		2,300		2,299
Victory Receivables
2.164%, 10/03/2019 (A)(B)		2,500		2,500
2.143%, 10/21/2019 (B)		2,000		1,998
				70,877
Industrials — 6.9%
AutoZone
2.091%, 10/02/2019 (B)		2,300		2,300
Canadian Tire
2.254%, 10/21/2019 (B)		2,300		2,297
Coca-Cola
3.065%, 12/09/2019 (A)(B)		3,000		2,988
2.162%, 05/12/2020 (B)		1,000		988
Hitachi Capital
2.204%, 10/28/2019 (B)		2,300		2,296
National Grid North America
2.223%, 11/08/2019 (B)		2,300		2,294
Nextera Energy Capital
2.235%, 10/29/2019 (B)		2,300		2,296

  172   SEI Institutional Managed Trust / Annual Report / September 30, 2019

Description	Face Amount (Thousands)		Market Value   ($ Thousands)
COMMERCIAL PAPER (continued)
Rogers Communications
2.150%, 10/17/2019 (B)	$	2,050	$	2,048
				17,507
Total Commercial Paper (Cost $110,304) ($ Thousands)				110,342
CORPORATE OBLIGATIONS — 6.6%
Banks — 1.2%
Credit Industriel et Commercial
2.257%, VAR ICE LIBOR USD 1 Month+0.220%, 04/24/2020		1,000		1,000
Skandinaviska Enskilda Banken NY
2.307%, VAR ICE LIBOR USD 1 Month+0.250%, 08/19/2020		2,000		1,999
				2,999
Consumer Discretionary — 1.6%
Jets Stadium Development
2.230%, 04/01/2047 (A)(C)		4,000		4,000
Financials — 3.4%
Bank of Nova Scotia
2.422%, VAR ICE LIBOR USD 1 Month+0.380%, 12/09/2019		4,000		4,002
2.280%, VAR US Federal Funds Effective Rate+0.450%, 10/23/2020		1,000		1,000
Credit Suisse NY
2.120%, VAR United States Secured Overnight Financing Rate+0.300%, 06/19/2020		2,000		2,000
Toronto-Dominion Bank
2.236%, VAR ICE LIBOR USD 3 Month+0.190%, 09/28/2020		1,500		1,500
				8,502
Industrials — 0.4%
Caterpillar Financial Services MTN
2.264%, VAR ICE LIBOR USD 3 Month+0.100%, 06/19/2020		1,000		1,000
Total Corporate Obligations (Cost $16,502) ($ Thousands)				16,501
U.S. TREASURY OBLIGATIONS — 0.8%
U.S. Treasury Bills
1.842%, 03/12/2020 (B)		1,000		992

Description	Face Amount (Thousands)		Market Value ($ Thousands)
U.S. TREASURY OBLIGATIONS (continued)
U.S. Treasury Notes
2.069%, VAR US Treasury 3 Month Bill Money Market Yield+0.220%, 07/31/2021	$	1,000	$	999
Total U.S. Treasury Obligations (Cost $1,992) ($ Thousands)				1,991
CERTIFICATES OF DEPOSIT — 28.2%
Bank of Montreal
2.449%, 12/10/2019		2,000		2,001
2.445%, 01/17/2020		1,500		1,501
BNP Paribas
2.180%, 12/24/2019		2,000		2,001
Canadian Imperial Bank of Commerce
2.447%, 12/06/2019		1,000		1,001
Chariot Funding
2.179%, 02/05/2020		2,700		2,700
Citibank
2.230%, 12/03/2019		3,000		3,000
2.220%, 01/07/2020		2,000		2,000
Credit Agricole
2.255%, 03/20/2020		1,000		1,000
DNB Bank
2.322%, 10/16/2019		3,000		3,000
ING U.S.
2.452%, 10/04/2019		3,000		3,000
2.294%, 08/20/2020		2,000		1,999
2.276%, 09/23/2020		1,000		1,000
Mizuho Bank NY
2.191%, 11/18/2019		2,000		2,000
MUFG Bank
2.312%, 02/24/2020		1,500		1,500
National Bank Of Canada
2.180%, 12/11/2019		3,000		3,000
Natixis
2.720%, 04/03/2020		2,000		2,007
2.650%, 12/17/2019		2,000		2,002
2.420%, 06/05/2020		1,500		1,501
Rabobank
2.158%, 05/08/2020		2,000		1,999
Royal Bank of Canada
2.990%, 01/09/2020		2,500		2,504
Standard Chartered Bank
2.184%, 10/31/2019		2,500		2,500
Sumitomo Mitsui Trust Bank
2.610%, 10/04/2019		3,000		3,000
2.322%, 02/25/2020		2,000		2,001
2.257%, 02/19/2020		2,000		2,000
Sumitomo Mitsui Banking
2.340%, 10/18/2019		2,500		2,500
2.227%, 02/24/2020		2,000		2,000

  SEI Institutional Managed Trust / Annual Report / September 30, 2019   173

SCHEDULE OF INVESTMENTS

September 30, 2019

Conservative Income Fund (Concluded)

Description	Face Amount (Thousands)			Market Value   ($ Thousands)
CERTIFICATES OF DEPOSIT (continued)
2.168%, 03/09/2020	$	1,000		$	1,000
Svenska Handelsbanken
2.374%, 12/19/2019 (A)(B)		2,500			2,501
Toronto-Dominion Bank
2.249%, 06/10/2020		3,000			2,998
2.130%, 07/16/2020		2,000			2,000
Westpac Banking
2.533%, 11/08/2019 (A)		2,000			2,000
2.433%, 11/01/2019 (A)		1,000			1,000
2.327%, 02/03/2020		3,000			3,001
Yankee CD Credit Suisse AG
2.700%, 05/01/2020		2,000			2,008
Total Certificates of Deposit (Cost $71,200) ($ Thousands)					71,225
		Shares
CASH EQUIVALENT — 0.0%
SEI Daily Income Trust, Government Fund, Cl F
1.800%**†		45,866			46
Total Cash Equivalent (Cost $46) ($ Thousands)					46
		Face Amount (Thousands	)
REPURCHASE AGREEMENTS — 20.7%
Bank of America Securities
2.320%, dated 09/30/2019, to be repurchased on 10/01/2019, repurchase price $24,185,559 (collateralized by GNMA obligation, par value $36,537,863, 2.320%, 06/20/2047; with total market value $24,591,970) (D)		24,184			24,184
TD Securities
2.370%, dated 09/30/2019, to be repurchased on 10/01/2019, repurchase price $28,001,843 (collateralized by FNMA obligation, par value $28,331,664, 2.370%, 05/01/2049; with total market value $28,761,991) (D)		28,000			28,000
Total Repurchase Agreements (Cost $52,184) ($ Thousands)					52,184
Total Investments in Securities — 100.0% (Cost $252,228) ($ Thousands)				$	252,289

Percentages are based on Net Assets of $252,291 ($ Thousands).

** Rate shown is the 7-day effective yield as of September 30, 2019.

^†  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, 2019, the value of these securities amounted to $28,435 ($ Thousands), representing 11.3% of the Net Assets of the Fund.

(B) Zero coupon security. The rate shown on the Schedule of Investments is the security’s effective yield at the time of purchase.

(C) Variable or floating rate security, the interest rate of which adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets.

(D) Tri-Party Repurchase Agreement.

Cl — Class

FNMA — Federal National Mortgage Association

GNMA — Government National Mortgage Association

ICE— Intercontinental Exchange

LIBOR— London Interbank Offered Rate

MTN — Medium Term Note

USD — United States Dollar

VAR — Variable Rate

Investments in Securities	Level 1 ($)		Level 2 ($)		Level 3 ($)		Total ($)
Commercial Paper		–		110,342		–		110,342
Corporate Obligations		–		16,501		–		16,501
U.S. Treasury Obligations		–		1,991		–		1,991
Certificates of Deposit		–		71,225		–		71,225
Cash Equivalent		46		–		–		46
Repurchase Agreements		–		52,184		–		52,184
Total Investments in Securities		46		252,243		–		252,289

For the year ended September 30, 2019, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the year ended September 30, 2019, there were no transfers between Level 2 and Level 3 assets and liabilities.

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

  174   SEI Institutional Managed Trust / Annual Report / September 30, 2019

The following is a summary of the Fund’s transactions with affiliates for the year ended September 30, 2019 ($ Thousands):

Security Description	Value 9/30/2018	Purchases at Cost	Proceeds from Sales	Realized Gain/ (Loss)	Change in Unrealized Appreciation/ (Depreciation)	Value 9/30/2019	Shares	Income	Capital Gains
SEI Daily Income Trust, Government Fund, Cl F	$  251	$  61,443	$  (61,648)	$  -	$  -	$  46	45,866	$  2	$  -

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, 2019   175

SCHEDULE OF INVESTMENTS

September 30, 2019

Tax-Free Conservative Income Fund

^†Percentages are based on total investments.

Description	Face Amount (Thousands)		Market Value   ($ Thousands)
MUNICIPAL BONDS — 95.8%
Alaska — 0.2%
Alaska State, Housing Finance, Ser, RB
Callable 10/10/2019 @ 100
1.550%, 12/01/2040 (A)	$	300	$	300
Arizona — 1.1%
Yavapai County, Industrial Development Authority, Drake Cement Project, Ser A, RB
Callable 10/09/2019 @ 100
1.550%, 09/01/2035 (A)(B)		2,000		2,000
Connecticut — 2.6%
Connecticut State, Housing Finance Authority, Mortgage Finance Program, Sub-Ser A-3, RB
Callable 10/09/2019 @ 100
1.570%, 11/15/2045 (A)		1,150		1,150
Connecticut State, Ser C, GO
Callable 10/09/2019 @ 100
1.690%, 05/15/2034 (A)		3,470		3,470
				4,620
District of Columbia — 2.6%
District of Columbia, Community Connections Real Estate Foundation Project, Ser A, RB
Callable 11/01/2019 @ 100
1.630%, 07/01/2032 (A)(B)		2,300		2,300
District of Columbia, Georgetown University Project, RB
Callable 10/09/2019 @ 100
1.570%, 04/01/2041 (A)(B)		390		390
RBC Municipal Products Trust, Ser 2018-G63, GO
1.610%, 12/01/2023 (A)(B)(C)		2,000		2,000
				4,690
Florida — 8.3%
Escambia County, Health Facilities Authority, Azalea Trace Project, Ser B, RB, AGC
Callable 11/01/2019 @ 100
1.800%, 11/15/2029 (A)		80		80

Description	Face Amount (Thousands)		Market Value   ($ Thousands)
MUNICIPAL BONDS (continued)
Miami-Dade County, Industrial Development Authority, Dave and Mary Alper Jewish Community Center Project, RB
Callable 10/09/2019 @ 100
1.650%, 04/01/2032 (A)(B)	$	5,695	$	5,695
Miami-Dade County, Water & Sewer, RB
1.350%, 11/06/2019		4,500		4,499
1.300%, 11/06/2019		4,600		4,599
				14,873
Georgia — 1.1%
Monroe County, Development Authority, Oglethorpe Power Project, Ser B, RB
Callable 10/09/2019 @ 100
1.650%, 01/01/2036 (A)(B)		2,000		2,000
Illinois — 3.8%
Illinois State, Finance Authority, YMCA Metropolitan Chicago Project, RB
Callable 10/09/2019 @ 100
1.650%, 06/01/2029 (A)(B)		1,800		1,800
Tender Option Bond Trust Receipts, Ser 2015-XF1043, GO
1.640%, 03/01/2033 (A)(B)(C)		4,250		4,250
Tender Option Bond Trust Receipts, Ser 2017-XG0133, RB
1.620%, 01/04/2020 (A)(C)		760		760
				6,810
Indiana — 0.7%
Elkhart County, Multi-Family Housing Authority, Ashton Pines Apartments Project, Ser A, RB
Callable 10/09/2019 @ 100
1.550%, 09/01/2043 (A)(B)		1,195		1,195
Iowa — 6.2%
Iowa State, Finance Authority, Midwestern Disaster Area Economic Development, CJ Bio America Project, RB
Callable 10/09/2019 @ 100
1.970%, 04/01/2022 (A)(B)		6,300		6,300
Iowa State, Finance Authority, Pollution Control Facilities, MidAmerican Energy Project, RB
Callable 11/01/2019 @ 100
1.580%, 09/01/2036 (A)		1,500		1,500
Iowa State, Finance Authority, Pollution Control Facilities, MidAmerican Energy Project, Ser B, RB
Callable 10/09/2019 @ 100
1.580%, 05/01/2023 (A)		2,700		2,700

  176   SEI Institutional Managed Trust / Annual Report / September 30, 2019

Description	Face Amount (Thousands)		Market Value   ($ Thousands)
MUNICIPAL BONDS (continued)
Iowa State, Finance Authority, RB, FNMA/ GNMA/FHLMC
Callable 10/09/2019 @ 100
1.600%, 07/01/2046 (A)	$	625	$	625
				11,125
Louisiana — 1.1%
Ascension Parish, Industrial Development Board, BASF Project, RB
Callable 11/01/2019 @ 100
1.600%, 10/01/2039 (A)		2,000		2,000
Maryland — 1.2%
Maryland State, Community Development Administration, Department of Housing and Community Development, Crusader Arms Apartments Project, Ser D, RB
Callable 11/01/2019 @ 100
1.650%, 02/01/2041 (A)		1,070		1,070
Maryland State, Economic Development Authority, Academy of Sciences Project, RB
1.660%, 04/01/2033 (A)(B)		1,000		1,000
				2,070
Massachusetts — 0.9%
Boston, Water & Sewer Commission, RB
1.290%, 12/03/2019		1,160		1,160
University of Massachusetts, Building Authority, Ser 1, RB
Callable 10/09/2019 @ 100
1.500%, 11/01/2034 (A)		500		500
				1,660
Michigan — 6.5%
Michigan State, Finance Authority, Ser A-1, RB
4.000%, 08/20/2020		1,000		1,023
Michigan State, Housing Development Authority, Single Family Mortgage Project, Ser, RB
Callable 11/01/2019 @ 100
1.630%, 06/01/2030 (A)		2,800		2,800
Michigan State University, RB
1.360%, 10/04/2019		6,000		6,000
Michigan State University, Ser A, RB
Callable 10/09/2019 @ 100
1.630%, 02/15/2033 (A)		1,800		1,800
				11,623

Description	Face Amount (Thousands)		Market Value   ($ Thousands)
MUNICIPAL BONDS (continued)
Minnesota — 0.6%
University of Minnesota, RB
1.360%, 10/03/2019	$	1,000	$	1,000
Mississippi — 1.4%
Mississippi State, Business Finance, Ser B, RB
Callable 11/01/2019 @ 100
1.770%, 11/01/2035 (A)		2,000		2,000
Mississippi State, Industrial Developement Authority, Chevron USA Project, Ser G, RB
Callable 11/01/2019 @ 100
1.770%, 11/01/2035 (A)		500		500
				2,500
Missouri — 2.0%
RBC Municipal Products Trust, Ser C-16, RB
1.640%, 09/01/2039 (A)(B)(C)		3,500		3,500
Nebraska — 3.9%
Lincoln, RB
1.320%, 11/06/2019		5,000		4,999
Omaha, Power Distribution, RB
1.370%, 11/06/2019		2,000		2,000
				6,999
New York — 17.2%
Honeoye Falls-Lima, Central School District, GO
2.250%, 06/18/2020		4,773		4,800
New York City, Housing Development Authority, Hewitt House Apartments Project, Ser A, RB
Callable 10/09/2019 @ 100
1.600%, 11/01/2048 (A)(B)		900		900
New York City, Sub-Ser E-5, RB
Callable 10/09/2019 @ 100
1.770%, 03/01/2048 (A)(B)		300		300
New York City, Water & Sewer System, RB
Callable 10/09/2019 @ 100
2.000%, 06/15/2048 (A)		2,600		2,600
New York State, Power Authority, RB
1.310%, 10/03/2019		2,500		2,500
New York State, Thruway Authority, RB
Callable 10/30/2019 @ 100
4.000%, 02/01/2020		3,740		3,746
Oneida County, Industrial Development Agency, Mohawk Valley Community College Dormitory Project, Ser A, RB
Callable 10/09/2019 @ 100
1.630%, 08/01/2038 (A)(B)		1,200		1,200

  SEI Institutional Managed Trust / Annual Report / September 30, 2019   177

SCHEDULE OF INVESTMENTS

September 30, 2019

Tax-Free Conservative Income Fund (Concluded)

Description	Face Amount (Thousands)		Market Value   ($ Thousands)
MUNICIPAL BONDS (continued)
Oswego County, Industrial Development Agency, O.H. Properties Project, Ser A, RB
Callable 10/09/2019 @ 100
1.830%, 06/01/2024 (A)(B)	$	625	$	625
RBC Municipal Products Trust, Ser 2018-G5, GO
1.610%, 10/01/2025 (A)(B)(C)		1,900		1,900
Sandy Creek, Central School District, GO
2.250%, 06/26/2020		3,000		3,017
South Jefferson, Central School District, GO
2.250%, 07/09/2020		1,000		1,006
Tender Option Bond Trust Receipts, Ser 2016-XF0499, RB
Callable 11/15/2026 @ 100
1.700%, 11/15/2056 (A)(C)		2,030		2,030
Tender Option Bond Trust Receipts, Ser 2017-XF0550, RB
Callable 02/15/2027 @ 100
1.630%, 02/15/2042 (A)(C)		2,000		2,000
Tonawanda, GO
2.500%, 06/04/2020		2,900		2,918
Watkins Glen, Central School District, GO
2.250%, 06/23/2020		1,300		1,307
				30,849
Ohio — 8.9%
Akron Bath Copley Joint Township Hospital District, Ser B-R, RB
Callable 10/09/2019 @ 100
1.620%, 11/15/2047 (A)(B)(C)		1,000		1,000
Berea, GO
3.000%, 03/12/2020		3,445		3,468
Belmont County, RB
2.000%, 08/27/2020		1,000		1,004
Garfield Heights, GO
2.750%, 06/18/2020		750		757
Hamilton County, HealthCare Facilities Authority, Children’s Home Project, RB
Callable 10/09/2019 @ 100
1.580%, 03/01/2033 (A)(B)		800		800
Lakewood, Income Tax Revenue Notes, RB
3.000%, 03/26/2020		3,000		3,023
Lorain County, GO
3.000%, 02/07/2020		2,400		2,414
Miamisburg, GO
3.000%, 06/24/2020		1,000		1,011
Parma Heights, GO
2.500%, 04/09/2020		735		739
Parma, RB
2.500%, 07/23/2020		1,800		1,814
				16,030

Description	Face Amount (Thousands)		Market Value   ($ Thousands)
MUNICIPAL BONDS (continued)
Pennsylvania — 0.4%
Montgomery County, Industrial Development Authority, Acts Retirement Life Communities, RB, AGC
Callable 11/01/2019 @ 100
1.800%, 11/15/2029 (A)	$	195	$	195
Philadelphia, Gas Works Authority, Ser D, RB
Callable 11/01/2019 @ 100
1.570%, 08/01/2031 (A)(B)		600		600
				795
Tennessee — 4.8%
Clarksville, Public Building Authority, Pooled Financing, RB
Callable 11/01/2019 @ 100
1.640%, 06/01/2029 (A)(B)		2,800		2,800
Memphis, RB
1.360%, 10/03/2019		2,000		2,000
Nashville & Davidson County, RB
1.350%, 11/04/2019		1,900		1,899
Shelby County, Health Educational & Housing Facilities Authority, Providence Place Apartments Project, RB
Callable 10/10/2019 @ 100
1.550%, 12/15/2042 (A)(B)		2,000		2,000
				8,699
Texas — 16.4%
Dallas, Rapid Transit, RB
1.400%, 12/12/2019		1,000		1,000
Garland, RB
1.360%, 10/17/2019		2,000		2,000
Harris County, Cultural Education Facilities Finance, Sub-Ser C-1, RB
Callable 10/09/2019 @ 100
1.750%, 12/01/2024 (A)		2,455		2,455
Harris County, Health Facilities Development Authority, Methodist Hospital System Project, RB
Callable 10/09/2019 @ 100
1.750%, 12/01/2041 (A)		900		900
Harris County, Toll Authority, RB
1.360%, 12/11/2019		7,500		7,497
New Braunfels, RB
1.320%, 12/04/2019		1,000		1,000
Port Arthur, Navigation District, Industrial Development, RB
Callable 12/02/2019 @ 100
1.600%, 03/01/2042 (A)		1,500		1,500

  178   SEI Institutional Managed Trust / Annual Report / September 30, 2019

Description	Face Amount (Thousands)		Market Value   ($ Thousands)
MUNICIPAL BONDS (continued)
Port Arthur, Navigation District, Industrial Development, Total Petrochemicals Project, RB
Callable 12/02/2019 @ 100
1.600%, 03/01/2039 (A)	$	5,300	$	5,300
Port Arthur, Navigation District, Industrial Development, Total Petrochemicals Project, Ser A, RB
Callable 11/01/2019 @ 100
1.600%, 12/01/2040 (A)		1,000		1,000
San Antonio, Electric & Gas, RB
1.350%, 02/05/2020		1,500		1,500
Tarrant County, Cultural Education Facilities Finance, Ser R, GO
Callable 10/09/2019 @ 100
0.140%, 10/01/2041 (A)(B)		700		700
Texas State, Veterans Bonds, GO
Callable 11/01/2019 @ 100
1.620%, 12/01/2047 (A)		2,530		2,530
University of Texas, RB
1.290%, 05/27/2020		2,000		1,997
				29,379
Utah — 2.5%
Utah State, Power Agency, RB
1.400%, 10/02/2019		4,500		4,500
Wisconsin — 1.4%
Oshkosh, Industrial Development Authority, Oshkosh Coil Spring Project, Ser A, AMT, RB
Callable 10/09/2019 @ 100
1.750%, 12/01/2020 (A)(B)		420		420
Wisconsin State, Housing & Economic Development Authority, Ser C, RB
Callable 10/09/2019 @ 100
1.650%, 05/01/2046 (A)		2,000		2,000
				2,420
Total Municipal Bonds (Cost $171,633) ($ Thousands)				171,637
TAX-EXEMPT COMMERCIAL PAPER — 4.8%
Harris County, Cultural Education Facilities Finance
1.680%, 11/05/2019		3,000		3,000
Minneapolis, University Gateway Project
1.580%, 12/01/2040		500		500
San Antonio
1.520%, 10/02/2019		2,000		2,000

Description	Face Amount (Thousands)		Market Value   ($ Thousands)
TAX-EXEMPT COMMERCIAL PAPER (continued)
University of Massachusetts
1.550%, 10/23/2019	$	3,000	$	3,000
Total Tax-Exempt Commercial Paper (Cost $8,500) ($ Thousands)				8,500
Total Investments in Securities — 100.6% (Cost $180,133) ($ Thousands)			$	180,137

Percentages are based on Net Assets of $179,095 ($ Thousands).

(A) Variable or floating rate security, the interest rate of which adjusts periodically based on prevailing interest rates.

(B) Securities are held in connection with a letter of credit issued by a major bank.

(C) Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration normally to qualified institutions. On September 30, 2019, the value of these securities amounted to $17,440
($ Thousands), representing 9.7% 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

As of September 30, 2019, 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, 2019, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the year ended September 30, 2019, there were no transfers between Level 2 and Level 3 assets and liabilities.

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

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

  SEI Institutional Managed Trust / Annual Report / September 30, 2019   179

SCHEDULE OF INVESTMENTS

September 30, 2019

Real Return Fund

^†Percentages are based on total investments.

Description	Face Amount (Thousands)		Market Value     ($ Thousands)
U.S. TREASURY OBLIGATIONS — 99.6%
U.S. Treasury Inflation Protected Securities
1.125%, 01/15/2021	$	18,116	$	18,167
0.625%, 07/15/2021		19,238		19,297
0.625%, 04/15/2023		21,970		22,143
0.625%, 01/15/2024		21,783		22,112
0.500%, 04/15/2024		15,697		15,885
0.375%, 07/15/2023		21,845		21,968
0.125%, 04/15/2021		23,029		22,774
0.125%, 01/15/2022		21,247		21,035
0.125%, 04/15/2022		22,436		22,200
0.125%, 07/15/2022		21,919		21,817
0.125%, 01/15/2023		22,021		21,829
0.125%, 07/15/2024		21,638		21,611
Total U.S. Treasury Obligations (Cost $250,936) ($ Thousands)				250,838

Description	Shares		Market Value     ($ Thousands)
CASH EQUIVALENT — 0.4%
SEI Daily Income Trust, Government Fund, Cl F
1.800%**†		892,401	$	892
Total Cash Equivalent (Cost $892) ($ Thousands)				892
Total Investments in Securities — 100.0% (Cost $251,828) ($ Thousands)			$	251,730

Percentages are based on Net Assets of $251,735 ($ Thousands).

** Rate shown is the 7-day effective yield as of September 30, 2019.

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

Cl — Class

The following is a list of the level of inputs used as of September 30, 2019, in valuing the Fund’s investments carried at value ($ Thousands):

Investments in Securities	Level 1    ($)		Level 2    ($)		Level 3    ($)		Total     ($)
U.S. Treasury Obligations		–		250,838		–		250,838
Cash Equivalent		892		–		–		892
Total Investments in Securities		892		250,838		–		251,730

For the year ended September 30, 2019, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the year ended September 30, 2019, there were no transfers between Level 2 and Level 3 assets and liabilities

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

The following is a summary of the Fund’s transactions with affiliates for the year ended September 30, 2019 ($Thousands):

Security Description	Value 9/30/2018	Purchases at Cost	Proceeds from Sales	Realized Gain/ (Loss)	Change in Unrealized Appreciation/ (Depreciation)	Value 9/30/2019	Shares	Income	Capital Gains
SEI Daily Income Trust, Government Fund, Cl F	$101	$24,187	$(23,396)	$—	$—	$892	892,401	$25	$—

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

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

  180   SEI Institutional Managed Trust / Annual Report / September 30, 2019

CONSOLIDATED SUMMARY SCHEDULE OF INVESTMENTS

September 30, 2019

Dynamic Asset Allocation Fund

^†Percentages are based on total investments.

Description	Percentage of Net Assets (%)			Shares		Market Value ($ Thousands)
COMMON STOCK — 94.0%
Communication Services — 9.7%
Alphabet Inc, Cl A *		1.4	%		9,069	$	11,075
Alphabet Inc, Cl C *		1.4			9,193		11,206
AT&T Inc		1.1			221,103		8,367
Comcast Corp, Cl A		0.8			137,180		6,184
Facebook Inc, Cl A *		1.6			72,871		12,977
Netflix Inc *		0.4			13,220		3,538
Verizon Communications Inc		1.0			125,298		7,563
Walt Disney Co/The		0.9			54,750		7,135
Other Securities		1.1					9,451
							77,496
Consumer Discretionary — 9.5%
Amazon.com Inc, Cl A *		2.8			12,636		21,935
Home Depot Inc/The		1.0			33,182		7,699
McDonald’s Corp		0.6			23,107		4,961
NIKE Inc, Cl B		0.5			38,238		3,591
Other Securities		4.6					37,603
							75,789
Consumer Staples — 7.1%
Coca-Cola Co/The		0.8			116,282		6,330
Costco Wholesale Corp		0.5			13,276		3,825
PepsiCo Inc		0.7			42,440		5,819
Philip Morris International Inc		0.4			47,337		3,594
Procter & Gamble Co/The		1.2			76,009		9,454
Walmart Inc		0.6			43,276		5,136
Other Securities		2.9					22,695
							56,853
Energy — 4.3%
Chevron Corp		0.9			57,726		6,846
Exxon Mobil Corp		1.1			128,200		9,052
Other Securities		2.3					17,932
							33,830
Financials — 12.1%
Bank of America Corp		0.9			254,745		7,431
Berkshire Hathaway Inc, Cl B *		1.6			59,430		12,363
Citigroup Inc		0.6			68,645		4,742
JPMorgan Chase & Co		1.4			96,817		11,394
Wells Fargo & Co		0.8			121,333		6,120

Description	Percentage of Net Assets (%)			Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Other Securities		6.8	%			$	54,508
							96,558
Health Care — 12.9%
Abbott Laboratories		0.6			53,424		4,470
Amgen Inc, Cl A		0.4			18,163		3,515
Johnson & Johnson		1.3			80,044		10,356
Medtronic PLC		0.6			40,541		4,404
Merck & Co Inc		0.8			77,466		6,521
Pfizer Inc		0.8			168,157		6,042
Thermo Fisher Scientific Inc		0.4			12,111		3,528
UnitedHealth Group Inc		0.8			28,811		6,261
Other Securities		7.2					57,241
							102,338
Industrials — 8.8%
Boeing Co/The		0.8			16,209		6,167
Honeywell International Inc		0.5			21,752		3,680
Union Pacific Corp		0.4			21,519		3,486
Other Securities		7.1					56,544
							69,877
Information Technology — 20.6%
Accenture PLC, Cl A		0.5			19,248		3,702
Adobe Inc *		0.5			14,764		4,079
Apple Inc		3.6			128,830		28,854
Cisco Systems Inc		0.8			128,572		6,353
Intel Corp		0.9			134,197		6,915
International Business Machines Corp		0.5			26,768		3,893
Mastercard Inc, Cl A		0.9			26,982		7,328
Microsoft Corp		4.0			231,596		32,199
Oracle Corp, Cl B		0.5			66,933		3,683
PayPal Holdings Inc *		0.5			35,585		3,686
salesforce.com Inc *		0.5			26,672		3,959
Texas Instruments Inc		0.5			28,411		3,672
Visa Inc, Cl A		1.1			52,332		9,002
Other Securities		5.8					46,993
							164,318
Materials — 2.6%
Other Securities		2.6					20,443
Real Estate — 3.0%
Other Securities ‡		3.0					24,002
Utilities — 3.4%
NextEra Energy Inc		0.4			14,898		3,471
Other Securities		3.0					23,273
							26,744
Total Common Stock (Cost $508,657) ($ Thousands)							748,248

  SEI Institutional Managed Trust / Annual Report / September 30, 2019   181

CONSOLIDATED SUMMARY SCHEDULE OF INVESTMENTS

September 30, 2019

Dynamic Asset Allocation Fund (Concluded)

Description	Percentage of Net Assets (%)			Shares		Market Value ($ Thousands)
EXCHANGE TRADED FUND — 4.0%
SPDR S&P 500 ETF Trust (A)		4.0	%		107,624	$	31,939
Total Exchange Traded Fund (Cost $29,022) ($ Thousands)							31,939
Total Investments in Securities — 98.0% (Cost $537,679)($ Thousands)						$	780,187
				Contracts
PURCHASED SWAPTION*(B) — 0.3%
Total Purchased Swaption (Cost $2,357) ($ Thousands)					864,868,000	$	2,093

A list of the open OTC swaption contracts held by the Fund at September 30, 2019 is as follows:

Description	Counterparty		Number of Contracts/ Notional Amount		Exercise Price		Expiration Date		Value (Thousands)
PURCHASED SWAPTION — 0.3%
Call Swaption — 0.3%
CMS One Look*		Bank of America Merrill Lynch		864,868,000		$0.14		07/17/2021	$	2,093
Total Purchased Swaption									$	2,093

A list of the open futures contracts held by the Fund at September 30, 2019 is as follows:

Type of Contract	Number of Contracts Long	Expiration Date	Notional Amount (Thousands)	Value (Thousands)	Unrealized Depreciation (Thousands)
S&P 500 Index E-MINI	59	Dec-2019	$                      8,859	$                    8,787	$                        (72)

A list of the open forward foreign currency contracts held by the Fund at September 30, 2019 is as follows:

Counterparty	Settlement Date			Currency to Deliver       (Thousands)			Currency to Receive (Thousands)	Unrealized Appreciation (Depreciation) (Thousands)
Bank of America		01/09/20	USD		3,394	SAR	12,738	$	2
Bank of America		01/09/20	USD		1,663	SAR	6,238		—
Bank of America		01/09/20	SAR		166,457	USD	44,271		(112	)
Barclays PLC		10/10/19	USD		120,513	JPY	12,932,210		(759	)
Citigroup		10/10/19	EUR		1,761	USD	1,919		(3	)
JPMorgan Chase Bank		10/10/19	USD		48,188	EUR	42,883		(1,400	)
JPMorgan Chase Bank		10/10/19	EUR		140,632	USD	160,100		6,663
RBC		10/10/19	USD		3,252	JPY	351,252		1
RBC		10/10/19	EUR		5,712	USD	6,405		172
Standard Chartered		10/10/19	EUR		2,519	USD	2,788		40
Standard Chartered		10/10/19	USD		2,526	JPY	272,718		—
Standard Chartered		10/10/19	JPY		799,316	USD	7,544		142
								$	4,746

  182   SEI Institutional Managed Trust / Annual Report / September 30, 2019

Percentages are based on a Net Assets of $796,335 ($ Thousands).

* Non-income producing security.

^‡  Real Estate Investment Trust.

(A) Security is held by the Dynamic Commodity Strategy Subsidiary Ltd. As of September 30, 2019.

(B) Refer to table below for details on Swaption Contracts.

Cl — Class

ETF — Exchange-Traded Fund

EUR — Euro

JPY — Japanese Yen

PLC — Public Limited Company

S&P— Standard & Poor’s

SAR — Saudi Riyal

SPDR — Standard & Poor’s Depository Receipt

USD — United States Dollar

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, 2019, 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		748,248			–			–		748,248
Exchange Traded Fund		31,939			–			–		31,939
Total Investments in Securities		780,187			–			–		780,187
Other Financial Instruments	Level 1 ($)			Level 2 ($)			Level 3 ($)		Total ($)
Purchased Swaption		–			2,093			–		2,093
Futures Contracts*
Unrealized Depreciation		(72	)		–			–		(72)
Forwards Contracts*
Unrealized Appreciation		–			7,020			–		7,020
Unrealized Depreciation		–			(2,274	)		–		(2,274)
Total Other Financial Instruments		(72	)		6,839			–		6,767

* Futures contracts and forward contracts are valued at the unrealized appreciation/(depreciation) on the instruments.

For the year ended September 30, 2019, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the year ended September 30, 2019, there were no transfers between Level 2 and Level 3 assets and liabilities.

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, 2019   183

SCHEDULE OF INVESTMENTS

September 30, 2019

Multi-Strategy Alternative Fund

Sector weightings (Unaudited)^†:

^†Percentages are based on total investments.

Description	Shares		Market Value ($ Thousands)
COMMON STOCK — 21.0%
Communication Services — 3.8%
Cars.com Inc *		84,099	$	755
Clear Channel Outdoor Holdings Inc, Cl A *		7,401		19
Cumulus Media Inc, Cl A *		5,075		74
DISH Network Corp, Cl A *		116,542		3,970
iHeartMedia Inc *(K)		5,524		83
Intelsat SA *		198,780		4,532
SES SA, Cl A		112,021		2,042
Sprint Corp *		185,601		1,145
Take-Two Interactive Software Inc, Cl A *		33,922		4,252
Zayo Group Holdings Inc *		38,309		1,299
				18,171
Consumer Discretionary — 2.9%
American Axle & Manufacturing Holdings Inc *		109,307		898
Bloomin’ Brands Inc		20,821		394
Brunswick Corp/DE		4,042		211
Callaway Golf Co		11,415		222
Cenveo Corp *(A)		2,777		40
Extended Stay America Inc		21,315		312
Foot Locker Inc, Cl A		59,091		2,550
G-III Apparel Group Ltd *		38,894		1,002
Monitronics International *(B)(C)		18,437		284
Urban Outfitters Inc *		116,335		3,268
William Lyon Homes, Cl A *(D)		107,279		2,184
Wyndham Hotels & Resorts Inc (D)		34,913		1,806
Wynn Resorts Ltd		7,226		786
				13,957

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Consumer Staples — 0.6%
Cott Corp		86,599	$	1,080
Tyson Foods Inc, Cl A (D)		20,866		1,797
				2,877
Energy — 0.3%
Apache Corp		31,196		799
Carrizo Oil & Gas Inc *		10,807		93
Jupiter Resources *(A)(B)		24,396		37
Parker Drilling		158		3
Parker Drilling Co *		4,256		80
Tidewater Inc *		14,102		213
				1,225
Financials — 1.4%
Aurora Capital (B)		7,183		—
Brookfield Asset Management Inc, Cl A		21,352		1,134
Genworth Financial Inc, Cl A *		64,782		285
SunTrust Banks Inc		43,171		2,970
Texas Capital Bancshares Inc *		44,673		2,441
				6,830
Health Care — 4.3%
Allergan PLC		37,756		6,354
Celgene Corp, Cl A *		78,852		7,830
Centene Corp *		25,781		1,115
Exact Sciences Corp *		3,146		284
Genomic Health Inc *		34,735		2,356
Pacific Biosciences of California Inc *		12,762		66
Pfizer Inc		7,747		278
Spark Therapeutics Inc *		14,961		1,451
WellCare Health Plans Inc *		191		50
Wright Medical Group NV *		57,978		1,196
				20,980
Industrials — 1.5%
Builders FirstSource Inc *(D)		102,113		2,101
BWX Technologies Inc, Cl W (D)		35,425		2,027
Milacron Holdings Corp *		66,695		1,112
Senior PLC		303,012		700
WABCO Holdings Inc *		9,775		1,307
				7,247
Information Technology — 3.2%
Acacia Communications Inc *		32,696		2,138
Avaya Holdings Corp *		12,266		126
Cypress Semiconductor Corp		33,264		776
FireEye Inc *		105,092		1,402
First Solar Inc *		12,747		740
II-VI Inc *		84		3
Mellanox Technologies Ltd *		60,885		6,672
Mmodal *(A)(B)		6,952		51

  184   SEI Institutional Managed Trust / Annual Report / September 30, 2019

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Presidio Inc		1,954	$	33
Symantec Corp, Cl A		15,666		370
Tenable Holdings *		12,421		278
Verra Mobility Corp, Cl A *		43,675		627
Vishay Intertechnology Inc (D)		120,093		2,033
				15,249
Materials — 2.4%
Allegheny Technologies Inc *(D)		78,782		1,595
Axalta Coating Systems Ltd *		20,461		617
Constellium SE, Cl A *(D)		156,397		1,988
Graphic Packaging Holding Co		281,446		4,151
Hexion Holdings *		9,735		110
Ingevity Corp *(D)		23,579		2,000
Norbord Inc		52,887		1,269
Warrior Met Coal Inc		3,162		62
				11,792
Real Estate — 0.2%
RLJ Lodging Trust ‡		46,247		786
Utilities — 0.4%
Clearway Energy Inc, Cl C (D)		117,188		2,139
Total Common Stock (Cost $98,061) ($ Thousands)				101,253
REGISTERED INVESTMENT COMPANIES — 14.6%
AQR Managed Futures Strategy HV Fund, Cl I *		539,169		4,486
ASG Managed Futures Strategy Fund, Cl Y		502,355		5,139
Merger Fund/The, Cl L		3,557,703		60,588
Total Registered Investment Companies (Cost $66,370) ($ Thousands)				70,213
EXCHANGE TRADED FUND — 10.3%
BlackRock Global Long/Short Credit Fund		4,906,067		49,797
Total Exchange Traded Fund (Cost $51,979) ($ Thousands)				49,797
	Face Amount (Thousands)
CORPORATE OBLIGATIONS — 8.0%
Communication Services — 1.0%
CCO Holdings
5.375%, 06/01/2029 (E)	$	115		122
5.125%, 05/01/2027 (E)		110		115

Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
Clear Channel Worldwide Holdings (Escrow Security)
0.000%, 03/01/2021 (B)(K)	$	1,046	$	–
Diamond Sports Group
6.625%, 08/15/2027 (E)		105		109
5.375%, 08/15/2026 (E)		210		218
Digicel
6.000%, 04/15/2021 (E)		135		95
Digicel Group
6.750%, 03/01/2023 (E)		230		109
Digicel Group One
8.250%, 12/30/2022 (E)		30		18
DISH DBS
5.875%, 11/15/2024		235		233
Frontier Communications
10.500%, 09/15/2022		125		58
7.125%, 01/15/2023		205		90
6.875%, 01/15/2025		85		38
Inmarsat Finance
6.500%, 10/01/2024 (E)		344		361
4.875%, 05/15/2022 (E)		822		832
Intelsat Jackson Holdings
9.750%, 07/15/2025 (E)		310		324
Intelsat Luxembourg
8.125%, 06/01/2023		30		25
McClatchy
9.000%, 07/15/2026		400		377
Netflix
5.875%, 02/15/2025		205		225
Salem Media Group
6.750%, 06/01/2024 (E)		335		290
Sirius XM Radio
5.500%, 07/01/2029 (E)		115		123
Sprint
7.875%, 09/15/2023		165		181
7.125%, 06/15/2024		100		108
Telecom Italia
5.303%, 05/30/2024 (E)		85		92
Telecom Italia Capital
6.000%, 09/30/2034		215		229
T-Mobile USA
5.375%, 04/15/2027		15		16
4.750%, 02/01/2028		310		325
Windstream Services
10.500%, 06/30/2024 (E)(F)		55		30
9.000%, 06/30/2025 (E)(F)		40		22
				4,765
Consumer Discretionary — 1.1%
Altice Financing
7.500%, 05/15/2026 (E)		210		223

  SEI Institutional Managed Trust / Annual Report / September 30, 2019   185

SCHEDULE OF INVESTMENTS

September 30, 2019

Multi-Strategy Alternative Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
Altice France
7.375%, 05/01/2026 (E)	$	210	$	225
CBS Radio
7.250%, 11/01/2024 (E)		125		129
Cengage Learning
9.500%, 06/15/2024 (E)		235		215
CSC Holdings
7.500%, 04/01/2028 (E)		65		73
6.500%, 02/01/2029 (E)		165		184
5.750%, 01/15/2030 (E)		270		282
Cumulus Media New Holdings
6.750%, 07/01/2026 (E)		140		147
Delphi Technologies
5.000%, 10/01/2025 (E)		235		208
Diamond Resorts International
10.750%, 09/01/2024 (E)		280		288
Getty Images
9.750%, 03/01/2027 (E)		175		177
Golden Entertainment
7.625%, 04/15/2026 (E)		130		135
Guitar Center
13.000%, 04/15/2022 (E)		622		491
Guitar Center Escrow Issuer
9.500%, 10/15/2021 (E)		110		105
Hilton Domestic Operating
4.250%, 09/01/2024		105		107
iHeartCommunications
8.375%, 05/01/2027		49		53
6.375%, 05/01/2026		27		29
5.250%, 08/15/2027 (E)(K)		25		26
Inn of the Mountain Gods Resort & Casino
9.250%, 11/30/2020 (B)		208		207
Jacobs Entertainment
7.875%, 02/01/2024 (E)		115		123
JC Penney
6.375%, 10/15/2036		305		98
KFC Holding
5.250%, 06/01/2026 (E)		150		159
McGraw-Hill Global Education Holdings
7.875%, 05/15/2024 (E)		50		43
Monitronics International
9.125%, 04/01/2020 (F)		495		–
Penn National Gaming
5.625%, 01/15/2027 (E)		165		170
Silversea Cruise Finance
7.250%, 02/01/2025 (E)		135		144
Sugarhouse HSP Gaming Prop Mezz
5.875%, 05/15/2025 (E)		455		447
Urban One
7.375%, 04/15/2022 (E)		450		439

Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
Ziggo BV
5.500%, 01/15/2027 (E)	$	155	$	161
				5,088
Consumer Staples — 0.2%
FAGE International
5.625%, 08/15/2026 (E)		10		9
New Albertsons
8.700%, 05/01/2030		100		105
Post Holdings
5.625%, 01/15/2028 (E)		135		143
Rite Aid
7.700%, 02/15/2027		215		113
6.875%, 12/15/2028 (E)		70		34
6.125%, 04/01/2023 (E)		345		274
Vector Group
10.500%, 11/01/2026 (E)		160		163
6.125%, 02/01/2025 (E)		225		216
				1,057
Energy — 1.0%
Cheniere Corpus Christi Holdings
7.000%, 06/30/2024		75		86
5.125%, 06/30/2027		80		87
Chesapeake Energy
7.500%, 10/01/2026		100		68
CNX Midstream Partners
6.500%, 03/15/2026 (E)		245		226
Crestwood Midstream Partners
5.750%, 04/01/2025		220		226
EnLink Midstream
5.375%, 06/01/2029		195		186
Extraction Oil & Gas
5.625%, 02/01/2026 (E)		270		165
KCA Deutag UK Finance
9.875%, 04/01/2022 (E)		160		101
9.625%, 04/01/2023 (E)		100		63
Noble Holding International
8.950%, 04/01/2045		180		86
7.750%, 01/15/2024		110		72
Petrobras Global Finance
8.750%, 05/23/2026		354		453
Petrobras Global Finance BV
6.900%, 03/19/2049		362		415
Petroleos de Venezuela
6.000%, 10/28/2022 (A)(F)		367		22
Petroleos Mexicanos
7.690%, 01/23/2050		609		635
3.500%, 01/30/2023		440		440
Petroleos Mexicanos MTN
4.625%, 09/21/2023		204		210

  186   SEI Institutional Managed Trust / Annual Report / September 30, 2019

Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
Pride International
7.875%, 08/15/2040	$	50	$	25
Rowan
5.850%, 01/15/2044		325		140
5.400%, 12/01/2042		55		23
Saudi Arabian Oil MTN
3.500%, 04/16/2029 (E)		200		209
SemGroup
6.375%, 03/15/2025		267		276
5.625%, 07/15/2022		381		387
Transocean
6.800%, 03/15/2038		290		178
USA Compression Partners
6.875%, 09/01/2027 (E)		215		222
				5,001
Financials — 2.1%
Barclays
7.750%, VAR USD Swap Semi 30/360 5 Yr Curr+4.842%, 12/15/2167		285		297
BCD Acquisition
9.625%, 09/15/2023 (E)		140		143
Citigroup Global Markets Holdings MTN
11.373%, 10/15/2019 (G)	NGN	303,741		838
17.011%, 10/21/2019 (E)(G)	UAH	21,431		884
11.713%, 10/28/2019 (E)(G)	NGN	263,034		722
13.220%, 12/03/2019 (E)(G)		149,396		406
17.832%, 01/09/2020 (E)(G)	EGP	14,751		870
16.155%, 03/19/2020 (E)(G)		20,352		1,166
Freedom Mortgage
8.250%, 04/15/2025 (E)	$	315		289
8.125%, 11/15/2024 (E)		150		138
FS Energy & Power Fund
7.500%, 08/15/2023 (E)		205		207
GTCR AP Finance
8.000%, 05/15/2027 (E)		225		231
HSBC Bank MTN
16.750%, 11/07/2019 (E)(G)	EGP	13,650		826
ICBC Standard Bank MTN
17.965%, 10/18/2019 (E)(G)	UAH	12,540		512
JPMorgan Chase
5.150%, VAR ICE LIBOR USD 3 Month+3.250%, 11/01/2167	$	220		227
JPMorgan Chase Bank MTN
16.000%, 06/13/2022 (E)	EGP	6,149		392
16.951%, 07/09/2020 (E)(G)		6,981		384
Nationstar Mortgage Holdings
9.125%, 07/15/2026 (E)	$	190		202
Refinitiv US Holdings
6.250%, 05/15/2026 (E)		153		164
Springleaf Finance
7.125%, 03/15/2026		150		166

Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
6.875%, 03/15/2025	$	290	$	320
VTB Bank Via VTB Capital
6.950%, 10/17/2022		453		482
WeWork
7.875%, 05/01/2025 (E)		295		250
				10,116
Health Care — 0.4%
Air Medical Group Holdings
6.375%, 05/15/2023 (E)		355		309
Bausch Health Americas
9.250%, 04/01/2026 (E)		250		284
Centene
4.750%, 01/15/2025		165		169
Encompass Health
4.750%, 02/01/2030		50		50
4.500%, 02/01/2028		50		51
Endo
6.000%, 07/15/2023 (E)		188		115
Endo Finance
5.375%, 01/15/2023 (E)		75		46
HCA
5.875%, 02/01/2029		160		180
IQVIA
5.000%, 05/15/2027 (E)		175		183
Par Pharmaceutical
7.500%, 04/01/2027 (E)		55		51
Tenet Healthcare
6.250%, 02/01/2027 (E)		285		297
5.125%, 11/01/2027 (E)		165		170
				1,905
Industrials — 0.6%
Global A&T Electronics
8.500%, 01/12/2023		644		603
Icahn Enterprises
6.250%, 02/01/2022		145		149
4.750%, 09/15/2024 (E)		70		70
New Enterprise Stone & Lime
6.250%, 03/15/2026 (E)		220		225
Titan International
6.500%, 11/30/2023		105		83
TransDigm
6.250%, 03/15/2026 (E)		175		188
Triumph Group
7.750%, 08/15/2025		250		252
Tutor Perini
6.875%, 05/01/2025 (E)		315		306
United Rentals North America
6.500%, 12/15/2026		250		272
Vertiv Group
9.250%, 10/15/2024 (E)		160		154

  SEI Institutional Managed Trust / Annual Report / September 30, 2019   187

SCHEDULE OF INVESTMENTS

September 30, 2019

Multi-Strategy Alternative Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
Weekley Homes
6.625%, 08/15/2025	$	385	$	386
				2,688
Information Technology — 0.3%
CommScope Finance
8.250%, 03/01/2027 (E)		260		253
6.000%, 03/01/2026 (E)		215		223
CommScope Technologies
6.000%, 06/15/2025 (E)		40		36
Rackspace Hosting
8.625%, 11/15/2024 (E)		570		524
Symantec
5.000%, 04/15/2025 (E)		200		202
				1,238
Materials — 0.9%
Allegheny Technologies
7.875%, 08/15/2023		145		157
Alpha 3 BV
6.250%, 02/01/2025 (E)		100		101
Baffinland Iron Mines
8.750%, 07/15/2026 (E)		205		210
CENVO Corp (Escrow Security)
0.000%, 09/15/2022 (A)(B)(C)		505		7
Cornerstone Chemical
6.750%, 08/15/2024 (E)		415		383
Eldorado
9.500%, 06/01/2024 (E)		165		178
First Quantum Minerals
7.500%, 04/01/2025 (E)		455		447
7.250%, 04/01/2023 (E)		35		35
7.000%, 02/15/2021 (E)		47		47
FMG Resources August 2006 Pty
4.500%, 09/15/2027 (E)		220		215
Freeport-McMoRan
5.450%, 03/15/2043		245		220
5.250%, 09/01/2029		45		45
5.000%, 09/01/2027		25		25
Hexion
7.875%, 07/15/2027 (E)		225		221
LSB Industries
9.625%, 05/01/2023 (E)		450		475
Mineral Resources
8.125%, 05/01/2027 (E)		325		335
Mountain Province Diamonds
8.000%, 12/15/2022 (E)		170		166
New Gold
6.375%, 05/15/2025 (E)		125		117
6.250%, 11/15/2022 (E)		115		115
Northwest Acquisitions ULC
7.125%, 11/01/2022 (E)		440		259

Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
Rain CII Carbon
7.250%, 04/01/2025 (E)	$	545	$	520
Starfruit Finco BV
8.000%, 10/01/2026 (E)		165		165
				4,443
Real Estate — 0.1%
Iron Mountain
4.875%, 09/15/2029 (E)		225		228
Uniti Group
7.125%, 12/15/2024 (E)		50		44
6.000%, 04/15/2023 (E)		230		222
				494
Utilities — 0.3%
Eskom Holdings SOC
5.750%, 01/26/2021		400		403
Eskom Holdings SOC MTN
8.450%, 08/10/2028		595		654
NRG Energy
7.250%, 05/15/2026		155		170
5.250%, 06/15/2029 (E)		20		21
Vistra Operations
5.500%, 09/01/2026 (E)		260		272
				1,520
Total Corporate Obligations (Cost $38,745) ($ Thousands)				38,315
SOVEREIGN DEBT — 5.0%
Argentina Treasury Bill
0.000%, 07/29/2020 (G)	ARS	12,929		111
0.000%, 10/29/2020 (G)		8,883		70
Argentine Republic Government International Bond
5.625%, 01/26/2022	$	54		23
3.875%, 01/15/2022	EUR	400		175
3.380%, 4.740%, 03/31/2029, 12/31/2038 (H)		1,319		546
Bahrain Government International Bond
7.000%, 01/26/2026	$	400		449
Ecuador Government International Bond
10.750%, 03/28/2022		263		286
9.500%, 03/27/2030 (E)		360		365
7.875%, 03/27/2025 (E)		496		495
El Salvador Government International Bond
7.125%, 01/20/2050		252		256
MDC-GMTN BV MTN
4.500%, 11/07/2028		200		230
Nigeria Government International Bond
9.248%, 01/21/2049		247		276

  188   SEI Institutional Managed Trust / Annual Report / September 30, 2019

Description	Face Amount (Thousands)		Market Value ($ Thousands)
SOVEREIGN DEBT (continued)
7.625%, 11/21/2025	$	263	$	288
Paraguay Government International Bond
4.625%, 01/25/2023		733		771
Republic of Poland Government Bond
2.750%, 10/25/2029	PLN	6,355		1,691
Republic of South Africa Government Bond
10.500%, 12/21/2026	ZAR	30,726		2,261
Republic of South Africa Government International Bond
5.500%, 03/09/2020	$	1,158		1,170
Russian Federal Bond - OFZ
7.400%, 07/17/2024	RUB	86,465		1,370
7.250%, 05/10/2034		494,477		7,696
Russian Foreign Bond - Eurobond
5.000%, 04/29/2020	$	300		305
4.500%, 04/04/2022		1,000		1,054
Saudi Government International Bond
5.250%, 01/16/2050		387		482
Turkey Government International Bond
7.000%, 06/05/2020		1,286		1,316
6.350%, 08/10/2024		667		679
5.750%, 05/11/2047		729		635
5.625%, 03/30/2021		215		221
Ukraine Government International Bond
7.375%, 09/25/2032		800		803
Total Sovereign Debt (Cost $24,623) ($ Thousands)				24,024
LOAN PARTICIPATIONS — 2.4%
84 Lumber, 1st Lien
7.268%, 10/25/2023		130		130
Academy, LTD., Initial Term Loan, 1st Lien
6.100%, VAR LIBOR+4.000%, 07/01/2022		570		397
Affinity Game, Term Loan 2, 1st Lien
5.294%, 07/01/2023		235		227
Affinity Game, Term Loan 2, 2nd Lien
10.362%, 01/31/2025		300		286
AgroFresh, Term Loan, 1st Lien
7.366%, 07/31/2021		78		72
7.008%, 07/31/2021		—		1
Air Medical Group Holdings, Inc., 2018 Term Loan, 1st Lien
5.307%, VAR LIBOR+3.250%, 04/28/2022		251		235
American Tire Distributors, Inc., Initial Term Loan, 1st Lien
9.624%, VAR LIBOR+4.250%, 09/02/2024 (I)		419		367

Description	Face Amount (Thousands)		Market Value ($ Thousands)
LOAN PARTICIPATIONS (continued)
Aptos, 1st Lien
7.696%, 07/23/2025	$	149	$	146
BMC Software Finance, Inc., Term Loan, 1st Lien
6.294%, 10/02/2025		129		124
Boardriders, Inc., Initial Loan, 1st Lien
8.624%, 04/23/2024		128		122
Bright BIDCO BV, Term Loan B, 1st Lien
5.544%, 06/30/2024		22		11
Bright Bidco, Term Loan, 1st Lien
5.604%, 06/30/2024		104		49
5.544%, 06/30/2024		28		13
Caesars Resort Collection LLC, Term Loan B, 1st Lien
4.794%, VAR LIBOR+2.750%, 12/23/2024		124		123
Carestream Health, Inc., Extended Term Loan, 1st Lien
7.794%, 02/28/2021		399		380
Cengage Learning, Inc., 2016 Refinancing Term Loan, 1st Lien
6.294%, VAR LIBOR+4.250%, 06/07/2023		416		393
Cenveo Corporation, Exit Term Loan
11.067%, 06/07/2023		—		—
Cenveo Corporation, Exit Term Loan, 1st Lien
11.563%, 06/07/2023 (B)(I)		304		303
Checkers Drive-In, Term Loan, 1st Lien
6.380%, 04/25/2024		117		76
ConvergeOne Holdings, Corp., Initial Term Loan
7.044%, 01/04/2026 (I)		269		241
East Valley Tourist Development Authority , Term Loan, 1st Lien
10.064%, VAR LIBOR+8.000%, 09/30/2020 (B)		128		126
ELO Touch Solutions, Term Loan B, 1st Lien
8.528%, 12/14/2025		175		174
Envision Healthcare Corporation, Initial Term Loan, 1st Lien
5.794%, 10/10/2025		574		467
EPIC Y-Grade Services, LP, Term Loan, 1st Lien
7.535%, 06/13/2024		237		229
Forterra Finance, LLC, Replacement Term Loan, 1st Lien
5.044%, VAR LIBOR+3.000%, 10/25/2023		96		91
Glass Mountain, Term Loan B, 1st Lien
7.120%, 12/23/2024		69		65
Hoffmaster Group, Term Loan B, 1st Lien
6.330%, 11/21/2023 (B)		151		149

  SEI Institutional Managed Trust / Annual Report / September 30, 2019   189

SCHEDULE OF INVESTMENTS

September 30, 2019

Multi-Strategy Alternative Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
LOAN PARTICIPATIONS (continued)
Horseshoe Baltimore, Cov-Lite, Term Loan B, 1st Lien
6.044%, 07/08/2024	$	211	$	202
Inteliquent, Term Loan, 1st Lien
6.830%, 02/10/2024		30		25
Lanai Holdings II, Inc., Initial Term Loan, 1st Lien
7.006%, 08/29/2022 (I)		444		410
Leap Legal Software, Term Loan B, 1st Lien
6.820%, 09/12/2022 (B)		294		198
6.773%, 09/12/2022 (B)		100		67
Libbey Glass, 1st Lien
5.042%, 04/09/2021 (B)		101		79
Lifescan Global Corporation, Initial Term Loan, 1st Lien
8.660%, 10/01/2024 (I)		598		538
Mashantucket (Western) Pequot Tribe, Term A Loan, 1st Lien
5.544%, VAR LIBOR+3.750%, 06/30/2020 (B		3		3
Mashantucket (Western) Pequot Tribe, Term B Loan, 1st Lien
10.169%, VAR LIBOR+8.125%, 06/30/2020 (B)		575		571
Mavenir Systems, Inc., Initial Term Loan, 1st Lien
8.340%, 05/08/2025 (B)		158		155
McGraw-Hill Global Education Holdings, LLC, Term B Loan, 1st Lien
6.044%, VAR LIBOR+4.000%, 05/04/2022		291		273
Misys Ltd, Term Loan B, 1st Lien
5.696%, VAR LIBOR+3.500%, 06/13/2024		191		185
Mohegan Tribal Gaming Authority, Term B Loan, 1st Lien
6.044%, VAR LIBOR+4.000%, 10/13/2023 (I)		102		94
Monitronics International
8.604%, 03/29/2024		170		156
Nine West Holdings Inc., Term Loan, 1st Lien
10.156%, 03/19/2024		60		59
Ortho-Clinical Diagnostics, Inc., Term Loan B, 1st Lien
5.563%, 06/30/2025		134		129
Patterson Companies, Term Loan B, 1st Lien
7.008%, 08/29/2022		1		1
Peak, Term Loan B, 1st Lien
5.604%, 08/01/2024		453		390
Polymer Additives, Inc., Closing Date Term Loan
8.124%, 07/31/2025 (B)		76		65

Description	Face Amount (Thousands)		Market Value ($ Thousands)
LOAN PARTICIPATIONS (continued)
Polymer Process Soluions, Term Loan, 1st Lien
8.039%, 04/30/2026	$	219	$	215
Rackspace Hosting, Inc., Term B Loan
5.287%, 11/03/2023		209		191
Radio One, Inc., Initial Term Loan
6.050%, VAR LIBOR+4.000%, 04/18/2023		111		107
Red Lobster Management LLC, Initial Term Loan, 1st Lien
7.294%, 07/28/2021 (B)		144		142
Revlon Consumer Products Corporation, Initial Term B Loan
5.624%, VAR LIBOR+3.500%, 09/07/2023 (I)		491		375
5.604%, VAR LIBOR+3.500%, 09/07/2023		1		1
Spencer Gifts LLC (Spirit Halloween Superstores LLC), Term Loan, 1st Lien
8.057%, 06/19/2026		185		182
Syniverse Holdings, Inc., Tranche C Term Loan
7.028%, VAR LIBOR+5.000%, 03/09/2023 (I)		502		471
Team Health Holdings, Inc., Initial Term Loan
4.794%, VAR LIBOR+2.750%, 02/06/2024		664		545
Thor Industries, Inc., Initial USD Term Loan
5.875%, 02/01/2026		110		107
Vida Capital, Term Loan
0.000%, 12/31/2049 (I)		200		197
Windstream Services, LLC (fka Windstream Corporation), Tranche B-6 Term Loan (2016)
10.000%, VAR LIBOR+4.000%, 03/29/2021		516		523
Windstream Services, LLC (fka Windstream Corporation), Tranche B-7 Term Loan
9.250%, VAR LIBOR+3.250%, 02/17/2024		50		50
Total Loan Participations (Cost $12,330) ($ Thousands)				11,703
MUNICIPAL BONDS — 0.8%
Puerto Rico — 0.8%
Commonwealth of Puerto Rico, Ser A, GO
5.000%, 07/01/2020 (F)		5		3
Commonwealth of Puerto Rico, Ser A, GO Callable 07/01/2020 @ 100
8.000%, 07/01/2035 (F)		5,010		3,012

  190   SEI Institutional Managed Trust / Annual Report / September 30, 2019

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
Commonwealth of Puerto Rico, Ser A, GO
Callable 07/01/2022 @ 100
5.500%, 07/01/2026 (F)	$	5	$	3
5.500%, 07/01/2039 (F)		325		213
5.250%, 07/01/2023 (F)		30		20
5.125%, 07/01/2037 (F)		20		13
5.000%, 07/01/2032 (F)		5		3
5.000%, 07/01/2041 (F)		705		445
Commonwealth of Puerto Rico, Ser B, GO
4.250%, 07/01/2019 (F)		5		3
Commonwealth of Puerto Rico, Ser B, GO
4.400%, 07/01/2020 (F)		10		6
Commonwealth of Puerto Rico, Ser C, GO
6.000%, 07/01/2032 (F)		5		4
Commonwealth of Puerto Rico, Ser C, GO
Callable 07/01/2021 @ 100
6.500%, 07/01/2040 (F)		5		4
Commonwealth of Puerto Rico, Ser E, GO
Callable 07/01/2021 @ 100
5.375%, 07/01/2030 (F)		5		4
Puerto Rico, Sales Tax Financing Sales Tax Revenue, Ser A-2 RB
Callable 07/01/2028 @ 100
4.784%, 07/01/2058		11		11
4.329%, 07/01/2040		32		33
Puerto Rico, Electric Power Authority, Ser A, RB
Callable 07/01/2022 @ 100
5.000%, 07/01/2042 (F)		15		12
Puerto Rico, Electric Power Authority, Ser AAA, RB
Callable 07/01/2020 @ 100
5.250%, 07/01/2021 (F)		10		8
5.250%, 07/01/2025 (F)		15		12
5.250%, 07/01/2027 (F)		20		15
Puerto Rico, Electric Power Authority, Ser CCC, RB
5.250%, 07/01/2026 (F)		35		27
Puerto Rico, Electric Power Authority, Ser CCC, RB
Callable 07/01/2020 @ 100
5.250%, 07/01/2027 (F)		30		23
5.250%, 07/01/2028 (F)		5		4
Puerto Rico, Electric Power Authority, Ser NN, RB
5.500%, 07/01/2020 (F)		35		28
Puerto Rico, Electric Power Authority, Ser TT, RB
5.000%, 07/01/2023 (F)		10		8
5.000%, 07/01/2032 (F)		25		19
Puerto Rico, Electric Power Authority, Ser WW, RB
5.500%, 07/01/2020 (F)		15		12

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MUNICIPAL BONDS (continued)
5.500%, 07/01/2021 (F)	$	15	$	12
5.500%, 07/01/2038 (F)		5		4
5.250%, 07/01/2033 (F)		20		15
Puerto Rico, Electric Power Authority, Ser XX, RB
5.250%, 07/01/2035 (F)		5		4
Puerto Rico, Electric Power Authority, Ser XX, RB
Callable 07/01/2020 @ 100
5.250%, 07/01/2040 (F)		30		23
Total Municipal Bonds (Cost $3,363) ($ Thousands)				4,003
ASSET-BACKED SECURITIES — 0.3%
Other Asset-Backed Securities — 0.3%
CIFC Funding, Ser 2018-4RA, Cl C
5.503%, VAR ICE LIBOR USD 3 Month+3.200%, 10/17/2030 (E)		250		242
Octagon Investment Partners 43, Ser 2019- 1A, Cl D
5.991%, VAR ICE LIBOR USD 3 Month+3.900%, 10/25/2032 (E)		250		250
OHA Credit Funding 4, Ser 2019-4A, Cl D
5.686%, VAR ICE LIBOR USD 3 Month+3.750%, 10/22/2032 (E)		250		250
THL Credit Wind River CLO, Ser 2017-2A, Cl DR
4.903%, VAR ICE LIBOR USD 3 Month+2.600%, 10/15/2027 (E)		250		244
Tryon Park CLO, Ser 2018-1A, Cl CR
5.003%, VAR ICE LIBOR USD 3 Month+2.700%, 04/15/2029 (E)		250		241
Venture XVII CLO, Ser 2018-17A, Cl DRR
5.123%, VAR ICE LIBOR USD 3 Month+2.820%, 04/15/2027 (E)		200		190
Total Asset-Backed Securities (Cost $1,446) ($ Thousands)				1,417
	Shares
PREFERRED STOCK — 0.2%
Financials — 0.2%
FHLMC, 8.375% *		31,741		415
FNMA, 8.250% *		30,312		405
				820
Real Estate — 0.0%
Colony Capital, 7.150% ‡		9,135		211

  SEI Institutional Managed Trust / Annual Report / September 30, 2019   191

SCHEDULE OF INVESTMENTS

September 30, 2019

Multi-Strategy Alternative Fund (Continued)

Description	Shares		Market Value ($ Thousands)
PREFERRED STOCK (continued)
Total Preferred Stock (Cost $559) ($ Thousands)			$	1,031
	Face Amount (Thousands)
CONVERTIBLE BONDS — 0.2%
Liberty Media CV to 16.7764
3.750%, 02/15/2030	$	554		392
Liberty Media CV to 22.94686
4.000%, 11/15/2029		369		265
MGIC Investment CV to 74.0741
9.000%, 04/01/2063 (C)		230		308
Total Convertible Bonds (Cost $930) ($ Thousands)				965
MORTGAGE-BACKED SECURITY — 0.0%
Non-Agency Mortgage-Backed Obligations — 0.0%
CHT Mortgage Trust, Ser CSMO, Cl F
5.769%, VAR ICE LIBOR USD 1
Month+3.741%, 11/15/2036 (B)(E)		175		176
Total Mortgage-Backed Security (Cost $174) ($ Thousands)				176
	Number of Warrants
WARRANT — 0.0%
Guitar Center, Expires 12/30/2027
Strike Price $– *(B)		1,360		—
Total Warrant (Cost $—) ($ Thousands)				—
	Shares
CASH EQUIVALENTS — 32.1%
Morgan Stanley Institutional Liquidity Fund Government Portfolio
1.850% **		182,500		183
Morgan Stanley Institutional Liquidity Fund Prime Portfolio
2.540% **		182,298		182
Morgan Stanley Institutional Liquidity Fund Treasury Securities Portfolio
1.820% **		182,500		183
Morgan Stanley Institutional Liquidity Fund Treasury Securities Portfolio,
Cl I 1.850% **		254,268		254

Description	Shares			Market Value ($ Thousands)
CASH EQUIVALENTS (continued)
Morgan Stanley Institutional Liquidity Funds - Money Market Portfolio
2.540% **		182,340		$	182
SEI Daily Income Trust, Government Fund, Cl F
1.800% **†		153,542,609			153,543
Total Cash Equivalents (Cost $154,527) ($ Thousands)					154,527
Total Investments in Securities — 94.9% (Cost $453,107) ($ Thousands)				$	457,424
COMMON STOCK SOLD SHORT— (8.9)%
Communication Services — (0.8)%
AT&T Inc		(21,354	)		(808	)
Boingo Wireless Inc *		(13,643	)		(152	)
Cinemark Holdings Inc		(1,555	)		(60	)
Netflix Inc *		(775	)		(207	)
T-Mobile US Inc *		(18,293	)		(1,441	)
Verizon Communications Inc		(13,271	)		(801	)
Yelp Inc, Cl A *		(17,374	)		(604	)
					(4,073	)
Consumer Discretionary — (0.9)%
Boot Barn Holdings Inc *		(5,143	)		(179	)
Canada Goose Holdings Inc *		(13,415	)		(590	)
Career Education Corp *		(4,873	)		(77	)
CarMax Inc *		(11,656	)		(1,026	)
Etsy Inc *		(12,255	)		(692	)
iRobot Corp *		(6,795	)		(419	)
Service Corp International/US		(8,472	)		(405	)
Sleep Number Corp *		(16,333	)		(675	)
Strategic Education Inc		(556	)		(76	)
Tesla Inc *		(954	)		(230	)
					(4,369	)
Consumer Staples — (0.4)%
Clorox Co/The		(2,354	)		(357	)
Energizer Holdings Inc		(9,936	)		(433	)
Hostess Brands Inc, Cl A *		(37,877	)		(530	)
Walmart Inc		(6,992	)		(830	)
					(2,150	)
Energy — 0.0%
Callon Petroleum Co *		(7,002	)		(30	)

  192   SEI Institutional Managed Trust / Annual Report / September 30, 2019

Description	Shares			Market Value ($ Thousands)
COMMON STOCK SOLD SHORT (continued)
Financials — (1.2)%
Ashmore Group PLC		(72,054	)	$	(449	)
BB&T Corp		(61,853	)		(3,301	)
Brookfield Asset Management Inc, Cl A		(21,352	)		(1,134	)
Canadian Imperial Bank of Commerce		(2,993	)		(247	)
Laurentian Bank of Canada		(6,884	)		(234	)
Royal Bank of Canada		(2,993	)		(243	)
					(5,608	)
Health Care — (1.8)%
AbbVie Inc		(32,757	)		(2,480	)
Align Technology Inc *		(3,652	)		(661	)
Bristol-Myers Squibb Co		(78,825	)		(3,997	)
Demant A/S *		(20,168	)		(517	)
iRhythm Technologies Inc *		(10,565	)		(783	)
					(8,438	)
Industrials — (2.6)%
Advanced Disposal Services Inc *		(60,190	)		(1,960	)
ArcBest Corp		(21,293	)		(648	)
Armstrong World Industries Inc		(8,188	)		(792	)
Axon Enterprise Inc *		(16,030	)		(910	)
Caterpillar Inc, Cl A		(3,168	)		(400	)
Deere & Co		(7,399	)		(1,248	)
Delta Air Lines Inc, Cl A		(3,877	)		(223	)
Generac Holdings Inc *		(14,366	)		(1,126	)
Genesee & Wyoming Inc, Cl A *		(494	)		(55	)
Graco Inc		(20,873	)		(961	)
Hillenbrand Inc		(10,727	)		(331	)
Kadant Inc		(2,015	)		(177	)
PACCAR Inc		(21,858	)		(1,530	)
Robert Half International Inc		(21,196	)		(1,180	)
Watsco Inc		(4,879	)		(826	)
					(12,367	)
Information Technology — (0.6)%
Inphi Corp *		(3,318	)		(203	)
Lam Research Corp		(1,741	)		(402	)
Nuance Communications Inc *		(59,706	)		(974	)
Qorvo Inc *		(5,340	)		(396	)
Skyworks Solutions Inc		(7,489	)		(593	)
Teradyne Inc		(3,447	)		(200	)
					(2,768	)
Materials — (0.5)%
Avery Dennison Corp		(6,710	)		(762	)
Fortescue Metals Group Ltd		(81,022	)		(481	)

Description	Shares			Market Value ($ Thousands)
COMMON STOCK SOLD SHORT (continued)
International Flavors & Fragrances Inc		(8,901	)	$	(1,092	)
					(2,335	)
Real Estate — (0.1)%
Lamar Advertising Co, Cl A		(5,271	)		(432	)
Total Common Stock Sold Short (Proceeds $41,377) ($ Thousands)					(42,570	)
EXCHANGE TRADED FUNDS SOLD SHORT — (0.7)%
Exchange Traded Fund — (0.7)%
SPDR S&P 500 ETF Trust		(8,866	)		(2,631	)
VanEck Vectors Semiconductor ETF		(5,516	)		(657	)
Total Exchange Traded Funds Sold Short (Proceeds $3,320) ($ Thousands)					(3,288	)
Total Investments Sold Short — (9.6)% (Proceeds $44,697) ($ Thousands)				$	(45,858	)
	Contracts
PURCHASED OPTIONS* — 0.1%
Total Purchased Options (J) (Cost $782) ($ Thousands)		5,488		$	585
PURCHASED SWAPTIONS* — 0.0%
Total Purchased Swaptions (J) (Premiums Received $19) ($ Thousands)		3,387,400		$	2
WRITTEN OPTIONS* — 0.0%
Total Written Options (J) (Premiums Received $278) ($ Thousands)		(342	)	$	(194	)

  SEI Institutional Managed Trust / Annual Report / September 30, 2019   193

SCHEDULE OF INVESTMENTS

September 30, 2019

Multi-Strategy Alternative Fund (Continued)

A list of the open exchange traded options contracts for the Fund at September 30, 2019, is as follows:

Description	Number of Contracts		Notional Amount (Thousands)		Exercise Price		Expiration Date		Value (Thousands)
PURCHASED OPTIONS — 0.1%
Put Options
AbbVie*		76	$	576		$70.00		11/16/19	$	9
Acacia Communications*		19		124		65.00		01/18/20		2
Acacia Communications*		104		680		65.00		02/22/20		21
Acacia Communications*		73		477		55.00		02/22/20		–
Allergan*		129		2,171		125.00		11/16/19		2
Allergan*		19		320		130.00		01/18/20		1
Allergan*		40		673		125.00		02/22/20		4
Allergan*		38		640		150.00		11/16/19		4
Allergan*		69		1,161		120.00		02/22/20		1
Allergan*		120		2,019		140.00		11/16/19		6
Allergan*		38		640		115.00		02/22/20		2
Allergan*		19		320		110.00		12/21/19		–
Allergan*		6		101		120.00		12/21/19		–
Allergan*		1		17		120.00		11/16/19		–
Allergan*		21		353		130.00		11/16/19		–
Allergan*		1		17		155.00		10/19/19		–
Allergan*		1		17		152.50		10/19/19		–
BB&T*		57		304		50.00		12/21/19		6
CBS*		53		214		40.00		01/18/20		12
Celgene*		590		5,859		85.00		10/19/19		11
iShares iBoxx High Yield Corporate Bond ETF*		243		2,118		85.00		11/16/19		8
Medidata Solutions Inc*		2		18		90.00		01/18/20		–
Mellanox Technologies*		108		1,184		100.00		01/18/20		27
Mylan*		84		166		20.00		10/19/19		9
October 19 Puts on SPX*		6		1,786		2,860.00		10/19/19		1
October 19 Puts on SPX*		5		1,488		2,870.00		10/19/19		1
October 19 Puts on SPX*		56		16,670		3,000.00		10/19/19		161
October 19 Puts on SPX*		40		11,907		2,950.00		10/19/19		78
October 19 Puts on SPX*		5		1,488		2,970.00		10/19/19		7
October 19 Puts on SPX*		19		5,656		2,960.00		10/19/19		38
October 19 Puts on SPX*		6		1,786		2,970.00		10/19/19		14
October 19 Puts on SPX*		20		5,953		2,750.00		10/19/19		3
October 19 Puts on SPX*		50		14,884		2,900.00		10/19/19		11
October 19 Puts on SPX*		8		2,381		2,790.00		10/19/19		2
October 19 Puts on SPX*		19		5,656		2,800.00		10/19/19		5
Raytheon*		23		451		185.00		11/16/19		8
Shutterfly Inc*		83		423		50.00		12/21/19		–
Sotheby’s*		34		194		55.00		10/19/19		–
Teva Pharmaceutical Industries*		80		55		7.00		10/19/19		3
Teva Pharmaceutical Industries*		75		52		5.00		10/19/19		–
Teva Pharmaceutical Industries*		94		65		6.00		10/19/19		1
Tribune Media Co*		63		294		45.00		01/18/20		–
United Technologies*		76		1,038		125.00		10/19/19		3
United Technologies*		38		519		125.00		11/16/19		6
VanEck Vectors Semiconductor ETF*		71		846		104.00		10/19/19		2
VanEck Vectors Semiconductor ETF*		166		1,978		108.00		10/19/19		7
VanEck Vectors Semiconductor ETF*		34		405		98.00		10/19/19		1
VanEck Vectors Semiconductor ETF*		81		965		96.00		10/19/19		1
VanEck Vectors Semiconductor ETF*		100		1,191		99.00		10/19/19		1
VanEck Vectors Semiconductor ETF*		75		894		106.00		10/19/19		2
VanEck Vectors Semiconductor ETF*		14		167		112.00		10/19/19		–

  194   SEI Institutional Managed Trust / Annual Report / September 30, 2019

Description	Number of Contracts			Notional Amount (Thousands)				Exercise Price		Expiration Date		Value (Thousands)
PURCHASED OPTIONS (continued)
Versum Materials Inc*		6			$	32			$50.00		12/21/19		$	–
Versum Materials Inc*		46				243			45.00		12/21/19			–
						99,636								481
Call Options
Axalta Coating Systems*		130				392			31.00		11/16/19			16
Axalta Coating Systems*		76				229			31.00		10/19/19			5
Centene*		62				268			50.00		10/19/19			–
Centene*		114				493			45.00		10/19/19			7
Denbury Resources Inc*		11				1			2.50		01/18/20			–
Exact Sciences*		15				136			99.00		10/19/19			1
Exact Sciences*		5				45			105.00		10/19/19			–
Exact Sciences*		53				479			110.00		10/19/19			2
Exact Sciences*		8				72			102.00		10/19/19			–
Exact Sciences*		4				36			98.00		10/19/19			–
Exact Sciences*		46				416			100.00		10/19/19			3
Exact Sciences*		4				36			101.00		10/19/19			–
Exact Sciences*		34				307			95.00		10/19/19			7
Exact Sciences*		17				154			104.00		10/19/19			–
Exact Sciences*		20				181			97.00		10/19/19			3
Exact Sciences*		13				118			103.00		10/19/19			1
Pivotal Software*		343				512			15.00		10/19/19			1
Pivotal Software*		86				128			15.00		03/21/20			1
Pivotal Software*		343				512			15.00		12/21/19			2
SPDR S&P 500 ETF Trust*		25				742			306.00		10/19/19			–
SPDR S&P 500 ETF Trust*		50				1,484			302.50		10/19/19			1
SPDR S&P 500 ETF Trust*		37				1,098			304.00		10/19/19			1
SPDR S&P 500 ETF Trust*		50				1,484			303.00		10/19/19			2
SPDR S&P 500 ETF Trust*		50				1,484			300.00		10/19/19			7
Sprint*		47				29			6.00		11/16/19			2
Sprint*		315				194			6.00		10/19/19			10
Symantec*		8				19			23.50		10/19/19			1
Symantec*		125				295			24.00		10/19/19			5
Symantec*		93				220			21.00		10/19/19			26
						11,564								104
Total Purchased Options					$	111,200							$	585
WRITTEN OPTIONS — 0.0%
Put Options
Mellanox Technologies*		(108	)		$	(1,183	)		90.00		01/18/20		$	(22	)
October 19 Puts on SPX*		(10	)			(2,977	)		2,920.00		10/19/19			(3	)
October 19 Puts on SPX*		(12	)			(3,572	)		2,930.00		10/19/19			(6	)
October 19 Puts on SPX*		(10	)			(2,977	)		2,870.00		10/19/19			(6	)
October 19 Puts on SPX*		(12	)			(3,572	)		2,920.00		10/19/19			(15	)
October 19 Puts on SPX*		(28	)			(8,335	)		2,850.00		10/19/19			(16	)
October 19 Puts on SPX*		(38	)			(11,312	)		2,880.00		10/19/19			(32	)
October 19 Puts on SPX*		(24	)			(7,144	)		2,900.00		10/19/19			(22	)
October 19 Puts on SPX*		(100	)			(29,767	)		2,950.00		10/19/19			(72	)
Total Written Options					$	(70,839	)						$	(194	)

  SEI Institutional Managed Trust / Annual Report / September 30, 2019   195

SCHEDULE OF INVESTMENTS

September 30, 2019

Multi-Strategy Alternative Fund (Continued)

A list of the open OTC Swaption contracts held by the Fund at September 30, 2019 is as follows:

Description	Counterparty	Number of Contracts/ Notional Amount		Exercise Price		Expiration Date		Value (Thousands)
PURCHASED SWAPTIONS — 0.0%
Put Swaptions — 0.0%
October 19 Put Option on JPM*	JPMorgan Chase Bank		1,872,400		$104.00		10/19/2019	$	1
October 19 Put Option on JPM*	JPMorgan Chase Bank		1,515,000		$104.00		10/19/2019		1
Total Purchased Swaptions								$	2

A list of the open futures contracts held by the Fund at September 30, 2019 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		(6	)		Dec-2019	$	(903	)	$	(894	)	$	9
U.S. Long Treasury Bond		4			Dec-2019		659			649			(10)
						$	(244	)	$	(245	)	$	(1)

A list of the open forward foreign currency contracts held by the Fund at September 30, 2019 is as follows:

Counterparty	Settlement Date		Currency to Deliver (Thousands)			Currency to Receive (Thousands)		Unrealized Appreciation (Depreciation) (Thousands)
Barclays PLC	10/02/19	USD		2,236	BRL		9,288	$	(6)
Barclays PLC	10/16/19	TRY		4,360	USD		754		(14)
Barclays PLC	12/13/19	EUR		83	USD		92		1
Barclays PLC	12/13/19	AUD		395	USD		272		5
Barclays PLC	12/18/19	USD		37	EUR		33		(1)
Barclays PLC	12/18/19	USD		42	PLN		164		(1)
Barclays PLC	12/18/19	EUR		580	USD		645		9
Barclays PLC	12/18/19	ZAR		34,653	USD		2,307		45
Deutsche Bank	12/18/19	USD		119	EUR		107		(1)
Deutsche Bank	12/18/19	USD		653	IDR		9,297,455		(4)
Deutsche Bank	12/18/19	PLN		7,103	USD		1,813		39
Deutsche Bank	12/18/19	ZAR		10,923	USD		732		19
Deutsche Bank	12/18/19	IDR		50,594,626	USD		3,553		21
JPMorgan Chase Bank	11/04/19	USD		2,227	BRL		9,288		(2)
JPMorgan Chase Bank	12/18/19	USD		477	RUB		30,949		(5)
JPMorgan Chase Bank	12/18/19	ZAR		1,361	USD		91		2
JPMorgan Chase Bank	12/18/19	RUB		130,108	USD		1,969		(15)
Merrill Lynch	12/18/19	EUR		848	USD		939		9
Merrill Lynch	12/18/19	RUB		160,777	USD		2,424		(28)
Morgan Stanley	10/16/19	USD		749	TRY		4,360		19
Morgan Stanley	12/18/19	RUB		186,775	USD		2,815		(33)
								$	59

  196   SEI Institutional Managed Trust / Annual Report / September 30, 2019

A list of the open OTC swap agreements held by the Fund at September 30, 2019 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)

Bank of America

Indonesia Government

3 MONTH USD - LIBOR +

INDONESIA GOVERNMENT

Merrill Lynch

Bond

60 BPS

8.125% 05/15/2024

Semi-Annually

06/22/2020

USD

3,779,723

$

11

$

–

$

11

Bank of America

Indonesia Treasury Bond

3 MONTH USD - LIBOR

INDONESIA GOVERNMENT

Merrill Lynch

8.125% 5/15/2024

Quarterly

04/20/2020

IDR

18,070,626

4

–

4

Deutsche Bank

Egypt Treasury Bill

3-MONTH USD - LIBOR

EGYPT TREASURY BILL

0% 11/12/19

Annually

11/12/2019

EGP

9,493

608

582

26

Deutsche Bank

Indonesia Government

3 MONTH USD - LIBOR +

INDONESIA GOVERNMENT

Bond

60 BPS

8.125% 05/15/2024

Semi-Annually

05/15/2024

USD

5,111,625

13

–

13

Deutsche Bank

Indonesia Government

3 MONTH USD - LIBOR +

INDONESIA GOVERNMENT

Bond

60 BPS

7.375% 05/15/2048

Semi-Annually

05/15/2048

USD

11,482,214

(21

)

–

(21)

Deutsche Bank

Indonesia Treasury Bond

3 MONTH USD - LIBOR

INDONESIA GOVERNMENT

8.25% 6/15/2032

Semi-Annually

06/15/2032

USD

20,078,517

27

–

27

Morgan Stanley

Buckeye Partners LP

BUCKEYE PARTNERS LP

ICAP US Federal Funds

Rate

Annually

07/07/2021

USD

(3,066

)

(2

)

–

(2)

Morgan Stanley

Cobham PLC

COBHAM PLC

1-MONTH USD - LIBOR

Annually

08/19/2021

GBP

(62

)

(2

)

–

(2)

Morgan Stanley

Energy Transfer

ENERGY TRANSFER

ICAP US Federal Funds

Rate

Monthly

09/23/2021

USD

126

5

–

5

Morgan Stanley

Genesee & Wyoming

GENESEE & WYOMING INC

ICAP US Federal Funds

Rate

Monthly

09/26/2021

USD

484

–

–

–

Morgan Stanley

Kinder Morgan

BCAMARKETPLACE(L)

ICAP US Federal Funds

Rate

Annually

08/23/2021

CAD

(1,114

)

16

–

16

Morgan Stanley

London Stock Exchange

LONDON STOCK

EXCHANGE

1-MONTH USD - LIBOR

Annually

09/12/2021

GBP

(172

)

2

–

2

Morgan Stanley

Merlin Entertainment

MERLINENTERTAINMENTL

1-MONTH USD - LIBOR

Annually

09/05/2021

GBP

(299

)

2

–

2

Morgan Stanley

Nvidia Corp

NVIDIA CORP

ICAP US Federal Funds

Rate

Monthly

09/06/2021

USD

39

2

–

2

Morgan Stanley

Pembina Pipeline

PEMBINA PIPELINE

ICAP US Federal Funds

Rate

Monthly

08/17/2021

CAD

1,367

(10

)

–

(10)

Morgan Stanley

Semgroup Corp

SEMGROUP CORP

ICAP US Federal Funds

Rate

Annually

09/23/2021

USD

(218

)

(5

)

–

(5)

$

650

$

582

$

68

A list of the open centrally cleared swap agreements held by the Fund at September 30, 2019 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.NA.HY.32	Buy	5.00%	Quarterly	06/20/2024		$228		$	(16	)	$	(13	)	$	(3	)
CDX.NA.HY.32	Buy	5.00%	Quarterly	06/20/2024		460			(33	)		(26	)		(7	)
CDX.NA.HY.32	Buy	5.00%	Quarterly	06/20/2024		678			(48	)		(38	)		(10	)
CDX.NA.HY.32	Buy	5.00%	Quarterly	06/20/2024		525			(37	)		(25	)		(12	)
CDX.NA.HY.32	Buy	5.00%	Quarterly	06/20/2024		223			(16	)		(13	)		(3	)
CDX.NA.HY.32	Buy	5.00%	Quarterly	06/20/2024		431			(30	)		(21	)		(9	)
CDX.NA.HY.32	Buy	5.00%	Quarterly	06/20/2024		203			(14	)		(12	)		(2	)
Mexico	Buy	1.00%	Quarterly	06/20/2023		1,596			(10	)		(1	)		(9	)
Mexico	Buy	1.00%	Quarterly	12/20/2023		1,057			(3	)		12			(15	)
Mexico	Buy	1.00%	Quarterly	12/20/2023		458			(2	)		4			(6	)
Republic of Korea	Buy	1.00%	Quarterly	06/20/2024		1,345			(43	)		(41	)		(2	)
Republic of South Africa	Buy	1.00%	Quarterly	06/20/2022		1,140			8			31			(23	)
Republic of South Africa	Sell	1.00%	Quarterly	12/20/2022		(632	)		(7	)		(8	)		1
Republic of South Africa	Buy	1.00%	Quarterly	12/20/2022		87			1			2			(1	)

  SEI Institutional Managed Trust / Annual Report / September 30, 2019   197

SCHEDULE OF INVESTMENTS

September 30, 2019

Multi-Strategy Alternative Fund (Concluded)

Credit Default Swaps
Reference Entity/Obligation	Buy/Sell Protection		(Pays)/Receives Rate		Payment Frequency		Termination Date		Notional Amount (Thousands)			Value (Thousands)			Upfront Payments/     Receipts     (Thousands)			Net Unrealized Appreciation (Depreciation) (Thousands)
Republic of South Africa		Buy		1.00%		Quarterly		06/20/2024		$3,318		$	117		$	132		$	(15	)
Republic of Turkey		Sell		1.00%		Quarterly		12/20/2022		(654	)		(38	)		(18	)		(20	)
Republic of Turkey		Buy		1.00%		Quarterly		06/20/2024		1,709			174			155			19
Russia		Sell		1.00%		Quarterly		06/20/2024		(2,838	)		28			(40	)		68
												$	31		$	80		$	(49	)

Interest Rate Swaps
Fund Pays	Fund Receives	Payment Frequency	Termination Date	Currency	Notional Amount (Thousands)		Value (Thousands)			Upfront Payments/ Receipts (Thousands)		Net Unrealized Depreciation (Thousands)
0.8595%	6-MONTH GBP - LIBOR	Semi-Annually	03/18/2070	GBP		1,302	$	(104	)	$	–	$	(104	)
China 7-Day Reverse Repo Rate	2.8975%	Quarterly	12/18/2024	CNY		8,083		–			–		–
China 7-Day Reverse Repo Rate	2.90%	Quarterly	12/18/2024	CNY		8,076		–			–		–
China 7-Day Reverse Repo Rate	2.813%	Quarterly	12/18/2024	CNY		11,117		(6	)		–		(6	)
							$	(110	)	$	–	$	(110	)

Percentages are based on Net Assets of $481,950 ($ Thousands).

* Non-income producing security.

** Rate shown is the 7-day effective yield as of September 30, 2019.

^‡  Real Estate Investment Trust.

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

(A) Securities considered illiquid. The total value of such securities as of September 30, 2019 was $157 ($ Thousands) and represented 0.0% of the Net Assets of the Fund (See Note 2).

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

(C) 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, 2019 was $291 ($ Thousands) and represented 0.1% of the Net Assets of the Fund.

(D) Security, or a portion thereof, has been pledged as collateral on securities sold short.

(E) Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration normally to qualified institutions. On September 30, 2019, the value of these securities amounted to $28,238 ($ Thousands), representing 5.9% of the Net Assets of the Fund.

(F) Security is in default on interest payment.

(G) Zero coupon security. The rate shown on the Schedule of Investments is the security’s effective yield at the time of purchase.

(H) Step Bonds – Represents the current rate, the step rate, the step date and the final maturity date.

(I) Unsettled bank loan. Interest rate may not be available. (J) Refer to table below for details on Options Contracts.

(K) Security, or a portion thereof, is owned through a holding entity, Bamboo Temple, LLC.

ARS — Argentine Peso

AUD — Australian Dollar

BRL — Brazilian Real

CAD — Canadian Dollar

Cl — Class

CLO — Collateralized Loan Obligation

CNY — Chinese Yuan Onshore

CV — Convertible Security

EGP — Egyptian Pound

ETF — Exchange-Traded Fund

EUR — Euro

FHLMC — Federal Home Loan Mortgage Corporation

FNMA — Federal National Mortgage Association

GBP — British Pound Sterling

GO — General Obligation

ICE— Intercontinental Exchange

IDR — Indonesian Rupiah

LIBOR — London Interbank Offered Rate

LLC — Limited Liability Company

Ltd. — Limited

MTN — Medium Term Note

NGN — Nigerian Naira

PLC — Public Limited Company

PLN — Polish Zloty

Pty — Proprietary

RB — Revenue Bond

RUB — Russian Ruble

S&P— Standard & Poor’s

SPDR — Standard & Poor’s Depository Receipt

SPX — Standard & Poor’s 500 Index

TRY — Turkish Lira

UAH — Ukrainian Hryvnia

ULC — Unlimited Liability Company

USD — U.S. Dollar

VAR — Variable Rate

ZAR — South African Rand

  198   SEI Institutional Managed Trust / Annual Report / September 30, 2019

The following is a list of the level of inputs used as of September 30, 2019, 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		100,881			–		372		101,253
Registered Investment Companies		70,213			–		–		70,213
Exchange Traded Fund		49,797			–		–		49,797
Corporate Obligations		–			38,101		214		38,315
Sovereign Debt		–			24,024		–		24,024
Loan Participations		–			9,924		1,779		11,703
Municipal Bonds		–			4,003		–		4,003
Asset-Backed Securities		–			1,417		–		1,417
Preferred Stock		1,031			–		–		1,031
Convertible Bonds		–			965		–		965
Mortgage-Backed Security		–			–		176		176
Warrant		–			–		–		–
Cash Equivalents		154,527			–		–		154,527
Total Investments in Securities		376,449			78,434		2,541		457,424
Securities Sold Short
Common Stock		(42,570	)		–		–		(42,570	)
Exchange Traded Fund		(3,288	)		–		–		(3,288	)
Total Securities Sold Short		(45,858	)		–		–		(45,858	)

Other Financial Instruments	Level 1 ($)			Level 2 ($)			Level 3 ($)		Total ($)
Purchased Options		585			–			–		585
Purchased Swaptions		–			2			–		2
Written Options		(194	)		–			–		(194	)
Futures Contracts*
Unrealized Appreciation		9			–			–		9
Unrealized Depreciation		(10	)		–			–		(10	)
Forwards Contracts*
Unrealized Appreciation		–			169			–		169
Unrealized Depreciation		–			(110	)		–		(110	)
OTC Swaps
Total Return Swaps*
Unrealized Appreciation		–			108			–		108
Unrealized Depreciation		–			(40	)		–		(40	)
Centrally Cleared Swaps
Credit Default Swaps*
Unrealized Appreciation		–			88			–		88
Unrealized Depreciation		–			(137	)		–		(137	)
Interest Rate Swaps*
Unrealized Depreciation		–			(110	)		–		(110	)
Total Other Financial Instruments		390			(30	)		–		360

(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, 2019, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the year ended September 30, 2019, there were transfers between Level 2 and Level 3 assets and liabilities.

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

The following is a summary of the Fund’s transactions with affiliates for the year ended September 30, 2019 ($ Thousands):

Security Description	Value 9/30/2018		Purchases at Cost		Proceeds from Sales			Realized Loss			Change in Unrealized (Depreciation)			Value 9/30/2019		Shares		Income		Capital Gains
SEI Institutional Managed Trust Long/Short Alternative Fund, Cl Y	$	32,435	$	–	$	(31,342	)	$	(207	)	$	(886	)	$	–		–	$	550	$	860
SEI Daily Income Trust, Government Fund, Cl F		107,257		649,259		(602,973	)		–			–			153,543		153,542,609		2,464		–
Totals	$	139,692	$	649,259	$	(634,315	)	$	(207	)	$	(886	)	$	153,543		153,542,609	$	3,014	$	860

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, 2019   199

CONSOLIDATED SCHEDULE OF INVESTMENTS

September 30, 2019

Multi-Asset Accumulation Fund

Sector Weightings (Unaudited)^†:

^†Percentages are based on total investments.

Description	Face Amount (Thousands)		Market Value ($ Thousands)
U.S. TREASURY OBLIGATIONS — 49.5%
U.S. Treasury Bills
2.424%, 10/10/2019 (A)(B)	$	28,584	$	28,571
2.424%, 10/31/2019 (B)		80,870		80,751
2.419%, 10/17/2019 (A)(B)		1,198		1,197
2.418%, 10/03/2019 (A)(B)		28,584		28,581
2.409%, 10/24/2019 (B)		80,870		80,777
2.409%, 11/07/2019 (B)		4,963		4,954
2.281%, 12/05/2019 (B)		8,941		8,912
2.163%, 12/12/2019 (A)(B)		26,746		26,651
2.153%, 12/19/2019 (A)(B)		42,343		42,183
2.097%, 01/09/2020 (B)		98,581		98,088
2.056%, 01/30/2020 (A)(B)		173,624		172,585
2.051%, 12/26/2019 (A)(B)		27,240		27,124
2.031%, 01/16/2020 (A)(B)(G)		191,877		190,857
2.031%, 01/23/2020 (A)(B)		94,553		94,016
1.908%, 02/13/2020 (A)(B)		25,624		25,454
1.857%, 02/20/2020 (A)(B)		108		107
1.842%, 03/12/2020 (A)(B)		3,959		3,927
1.811%, 04/02/2020 (A)(B)		28,584		28,325
U.S. Treasury Inflation Protected Securities
3.875%, 04/15/2029		1,561		2,090
3.625%, 04/15/2028		1,586		2,033
3.375%, 04/15/2032		2,168		2,988
2.500%, 01/15/2029		2,218		2,676
2.375%, 01/15/2025		3,361		3,738
2.375%, 01/15/2027		1,908		2,202
2.125%, 02/15/2040		1,781		2,356
2.125%, 02/15/2041		2,929		3,910
2.000%, 01/15/2026		1,939		2,150
1.750%, 01/15/2028		1,193		1,339
1.375%, 01/15/2020		2,816		2,807
1.375%, 02/15/2044		1,101		1,311
1.250%, 07/15/2020		3,358		3,371
1.125%, 01/15/2021		2,149		2,155
1.000%, 02/15/2046		3,248		3,595
0.875%, 01/15/2029		30,123		31,946

Description	Face Amount (Thousands)		Market Value   ($ Thousands)
U.S. TREASURY OBLIGATIONS (continued)
0.750%, 07/15/2028	$	33,127	$	34,755
0.750%, 02/15/2042		1,646		1,731
0.750%, 02/15/2045		817		853
0.625%, 07/15/2021		3,620		3,631
0.625%, 04/15/2023		90,645		91,359
0.625%, 01/15/2024		3,629		3,684
0.625%, 01/15/2026		15,009		15,375
0.625%, 02/15/2043		3,069		3,127
0.500%, 04/15/2024		71,357		72,212
0.500%, 01/15/2028		26,701		27,293
0.375%, 07/15/2023		1,103		1,109
0.375%, 07/15/2025		26,399		26,730
0.375%, 01/15/2027		27,191		27,472
0.375%, 07/15/2027		21,963		22,292
0.250%, 01/15/2025		20,582		20,623
0.250%, 07/15/2029		8,827		8,894
0.125%, 04/15/2021		2,165		2,141
0.125%, 01/15/2022		1,927		1,908
0.125%, 04/15/2022		2,110		2,088
0.125%, 07/15/2022		2,176		2,166
0.125%, 01/15/2023		1,834		1,818
0.125%, 07/15/2024		24,204		24,174
0.125%, 07/15/2026		16,998		16,943
Total U.S. Treasury Obligations (Cost $1,419,404) ($ Thousands)				1,426,105
SOVEREIGN DEBT — 14.9%
African Development Bank
2.125%, 11/16/2022 (A)		500		507
1.875%, 03/16/2020 (A)		500		500
1.375%, 02/12/2020 (A)		1,250		1,247
1.250%, 07/26/2021 (A)		1,750		1,734
Asian Development Bank MTN
2.625%, 01/12/2027 (A)		1,750		1,859
2.000%, 02/16/2022 (A)		500		504
2.000%, 04/24/2026 (A)		500		510
1.625%, 05/05/2020 (A)		500		499
1.625%, 08/26/2020 (A)		1,000		998
Chile Government International Bond
3.875%, 08/05/2020 (A)		250		254
Council of Europe Development Bank
1.625%, 03/16/2021 (A)		500		498
Deutsche Bundesrepublik Inflation Linked Bond
0.500%, 04/15/2030	EUR	11,979		15,926
0.100%, 04/15/2023		46,481		53,250
0.100%, 04/15/2026		44,940		54,177
0.100%, 04/15/2046		3,976		6,207

  200   SEI Institutional Managed Trust / Annual Report / September 30, 2019

Description	Face Amount (Thousands)		Market Value   ($ Thousands)
SOVEREIGN DEBT (continued)
European Bank for Reconstruction & Development MTN
2.125%, 03/07/2022 (A)	$	750	$	758
2.000%, 02/01/2021 (A)		1,000		1,002
1.750%, 11/26/2019 (A)		1,000		999
1.625%, 05/05/2020 (A)		500		499
1.500%, 03/16/2020 (A)		250		249
1.125%, 08/24/2020 (A)		500		497
European Investment Bank
4.875%, 02/15/2036 (A)		250		347
3.250%, 01/29/2024 (A)		750		801
2.250%, 03/15/2022 (A)		750		761
2.125%, 10/15/2021 (A)		1,000		1,008
2.125%, 04/13/2026 (A)		500		514
Export Development Canada
2.625%, 02/21/2024 (A)		1,000		1,041
2.000%, 05/17/2022 (A)		2,000		2,017
1.750%, 07/21/2020 (A)		1,000		999
1.625%, 01/17/2020 (A)		250		250
1.500%, 05/26/2021 (A)		1,000		996
1.375%, 10/21/2021 (A)		500		497
FMS Wertmanagement
2.000%, 08/01/2022 (A)		500		504
1.750%, 01/24/2020 (A)		500		500
1.750%, 03/17/2020 (A)		500		499
French Republic Government Bond OAT
3.400%, 07/25/2029	EUR	1,311		2,104
3.150%, 07/25/2032		1,963		3,401
2.250%, 07/25/2020		2,596		2,921
2.100%, 07/25/2023		2,523		3,111
1.850%, 07/25/2027		9,130		12,544
1.800%, 07/25/2040 (C)		1,212		2,138
1.100%, 07/25/2022		1,287		1,507
0.700%, 07/25/2030 (C)		6,408		8,457
0.250%, 07/25/2024		17,160		20,242
0.100%, 03/01/2021		2,118		2,356
0.100%, 07/25/2021		1,268		1,415
0.100%, 03/01/2025		13,849		16,125
0.100%, 03/01/2028		5,126		6,158
Inter-American Development Bank
7.000%, 06/15/2025 (A)	$	500		632
3.000%, 10/04/2023 (A)		250		263
3.000%, 02/21/2024 (A)		250		264
2.125%, 11/09/2020 (A)		250		251
2.000%, 06/02/2026 (A)		1,000		1,019
1.875%, 03/15/2021 (A)		500		501
1.625%, 05/12/2020 (A)		500		499
International Bank for Reconstruction & Development
4.750%, 02/15/2035 (A)		250		335
2.500%, 11/25/2024 (A)		500		521
2.000%, 01/26/2022 (A)		500		504

Description	Face Amount (Thousands)		Market Value   ($ Thousands)
SOVEREIGN DEBT (continued)
1.875%, 10/07/2022 (A)	$	500	$	504
1.375%, 05/24/2021 (A)		500		497
International Finance MTN
2.125%, 04/07/2026 (A)		750		771
1.625%, 07/16/2020 (A)		1,000		998
Italy Buoni Poliennali Del Tesoro
3.100%, 09/15/2026 (C)	EUR	2,245		2,994
2.600%, 09/15/2023 (C)		2,379		2,909
2.550%, 09/15/2041 (C)		1,012		1,503
2.350%, 09/15/2024 (C)		1,064		1,314
2.350%, 09/15/2035 (C)		2,537		3,606
2.100%, 09/15/2021 (C)		1,548		1,787
1.250%, 09/15/2032 (C)		2,000		2,406
Korea Development Bank
4.625%, 11/16/2021 (A)	$	250		263
Korea International Bond
2.750%, 01/19/2027 (A)		1,000		1,037
Nordic Investment Bank
2.125%, 02/01/2022 (A)		750		758
1.250%, 08/02/2021 (A)		500		496
North American Development Bank
2.400%, 10/26/2022 (A)		200		202
Province of Alberta Canada
3.350%, 11/01/2023 (A)		250		265
2.950%, 01/23/2024 (A)		250		262
2.200%, 07/26/2022 (A)		1,000		1,011
Province of British Columbia Canada
6.500%, 01/15/2026 (A)		250		314
2.650%, 09/22/2021 (A)		1,000		1,017
2.000%, 10/23/2022 (A)		750		756
Province of Manitoba Canada
3.050%, 05/14/2024 (A)		250		264
2.600%, 04/16/2024 (A)		500		517
2.125%, 05/04/2022 (A)		250		252
Province of Ontario Canada
4.000%, 10/07/2019 (A)		500		500
3.200%, 05/16/2024 (A)		250		266
2.500%, 04/27/2026 (A)		1,000		1,038
2.450%, 06/29/2022 (A)		250		254
2.400%, 02/08/2022 (A)		750		761
2.250%, 05/18/2022 (A)		500		506
2.200%, 10/03/2022 (A)		500		506
Province of Quebec Canada
7.500%, 09/15/2029 (A)		200		296
2.875%, 10/16/2024 (A)		500		527
2.625%, 02/13/2023 (A)		500		514
2.500%, 04/09/2024 (A)		1,000		1,033
2.500%, 04/20/2026 (A)		750		778
Svensk Exportkredit MTN
1.750%, 03/10/2021 (A)		1,000		999
United Kingdom Gilt Inflation Linked
4.125%, 07/22/2030	GBP	500		2,460

  SEI Institutional Managed Trust / Annual Report / September 30, 2019   201

CONSOLIDATED SCHEDULE OF INVESTMENTS

September 30, 2019

Multi-Asset Accumulation Fund (Continued)

Description	Face Amount (Thousands)		Market Value   ($ Thousands)
SOVEREIGN DEBT (continued)
2.500%, 04/16/2020	GBP	429	$	1,877
2.500%, 07/17/2024		340		1,575
2.000%, 01/26/2035		932		3,544
1.875%, 11/22/2022		1,689		2,435
1.250%, 11/22/2027		1,119		1,931
1.250%, 11/22/2032		765		1,559
1.250%, 11/22/2055		452		1,571
1.125%, 11/22/2037		1,117		2,563
0.750%, 03/22/2034		1,060		2,114
0.750%, 11/22/2047		1,393		3,692
0.625%, 03/22/2040		669		1,494
0.625%, 11/22/2042		1,397		3,308
0.500%, 03/22/2050		1,764		4,651
0.375%, 03/22/2062		1,158		3,697
0.250%, 03/22/2052		1,794		4,667
0.125%, 03/22/2024		39,170		55,681
0.125%, 03/22/2026		24,775		37,485
0.125%, 03/22/2029		3,414		5,638
0.125%, 03/22/2044		1,791		3,948
0.125%, 03/22/2058		849		2,375
0.125%, 11/22/2065		1,195		3,869
0.125%, 03/22/2068		928		3,197
Total Sovereign Debt (Cost $423,777) ($ Thousands)				430,688
	Shares
FOREIGN COMMON STOCK — 3.7%
Australia — 0.3%
AGL Energy Ltd		25,712		332
Amcor PLC		2,573		25
APA Group		46,575		360
Aristocrat Leisure Ltd		11,392		235
ASX Ltd		1,383		76
Aurizon Holdings Ltd		21,309		85
AusNet Services		377,717		462
BHP Group Ltd		3,891		96
Brambles Ltd		20,894		161
Caltex Australia Ltd		19,344		344
CIMIC Group Ltd		2,946		62
Coca-Cola Amatil Ltd		26,109		188
Cochlear Ltd		1,412		198
Computershare Ltd		24,829		270
Crown Resorts Ltd		10,576		86
CSL Ltd		2,644		417
Domino’s Pizza Enterprises Ltd		2,622		82
Flight Centre Travel Group Ltd		4,864		156
Fortescue Metals Group Ltd		16,775		100
Harvey Norman Holdings Ltd		64,689		198
Incitec Pivot Ltd		29,314		67
Insurance Australia Group Ltd		17,240		92
Lendlease Group		3,959		47

Description	Shares		Market Value   ($ Thousands)
FOREIGN COMMON STOCK (continued)
Oil Search Ltd		38,708	$	191
Orica Ltd		2,883		44
Origin Energy Ltd		46,865		252
Ramsay Health Care Ltd		8,370		366
REA Group Ltd		5,101		372
Santos Ltd		32,841		171
Scentre Group		11,668		31
SEEK Ltd		11,488		166
Sonic Healthcare Ltd		9,228		175
Sydney Airport		20,066		109
Tabcorp Holdings Ltd		30,312		100
Telstra Corp Ltd, Cl B		100,746		238
TPG Telecom Ltd		54,650		256
Transurban Group		13,849		137
Treasury Wine Estates Ltd		13,519		169
Wesfarmers Ltd		4,242		114
Westpac Banking Corp		2,441		49
Woodside Petroleum Ltd		9,121		199
Woolworths Group Ltd		9,004		226
WorleyParsons Ltd		20,106		176
				7,680
Austria — 0.0%
ANDRITZ AG		4,519		185
Erste Group Bank AG *		2,889		95
OMV AG		6,519		350
Raiffeisen Bank International AG		6,754		157
Verbund AG		4,223		231
voestalpine AG		7,580		174
				1,192
Belgium — 0.1%
Ageas		2,714		151
Anheuser-Busch InBev SA/NV		2,858		272
Colruyt SA		11,834		649
Groupe Bruxelles Lambert SA		357		34
KBC Group NV		1,942		126
Proximus SADP		24,352		724
Solvay SA		2,277		236
Telenet Group Holding NV *		11,233		530
UCB SA, Cl A		4,066		295
Umicore SA		5,703		215
				3,232
Canada — 0.3%
Agnico Eagle Mines Ltd		2,796		150
Alimentation Couche-Tard Inc, Cl B		8,666		266
Atco Ltd/Canada, Cl I		8,531		312
Aurora Cannabis Inc *		21,790		96
Bank of Montreal		1,058		78
Bank of Nova Scotia/The, Cl C		1,590		90
Barrick Gold Corp		8,539		148

  202   SEI Institutional Managed Trust / Annual Report / September 30, 2019

Description	Shares		Market Value ($ Thousands)
FOREIGN COMMON STOCK (continued)
Bausch Health Cos Inc *		8,678	$	189
BCE Inc		6,461		313
BlackBerry Ltd *		16,957		89
Bombardier Inc, Cl B *		23,691		32
Cameco Corp		13,019		124
Canadian Natural Resources Ltd		1,707		45
Canadian Pacific Railway Ltd		641		142
Canadian Tire Corp Ltd, Cl A		758		85
Canadian Utilities Ltd, Cl A		11,614		343
Canopy Growth Corp *		3,820		88
CCL Industries Inc, Cl B		2,224		90
CI Financial Corp		3,354		49
Constellation Software Inc/Canada		189		189
Dollarama Inc		1,227		44
Emera Inc		11,560		508
Empire Co Ltd, Cl A		15,880		430
Enbridge Inc		5,063		178
Encana Corp		12,943		59
First Capital Realty Inc		4,150		69
First Quantum Minerals Ltd (Canada)		2,143		18
Fortis Inc/Canada		12,297		520
Franco-Nevada Corp		1,600		146
George Weston Ltd		3,927		330
Gildan Activewear Inc		3,594		128
H&R Real Estate Investment Trust		4,787		84
Husky Energy Inc		13,174		93
Hydro One Ltd		23,878		442
Imperial Oil Ltd		4,807		125
Loblaw Cos Ltd		7,856		448
Magna International Inc, Cl A		3,188		170
Methanex Corp		1,070		38
Metro Inc/CN, Cl A		14,678		647
National Bank of Canada		2,170		108
Nutrien Ltd		1,762		88
Open Text Corp		5,957		243
PrairieSky Royalty Ltd		5,765		81
Restaurant Brands International Inc		1,026		73
Rogers Communications Inc, Cl B		5,801		283
Royal Bank of Canada		1,066		87
Saputo Inc		9,471		291
Shaw Communications Inc, Cl B		16,958		333
Shopify Inc, Cl A *		629		196
SNC-Lavalin Group Inc		3,554		50
Stars Group Inc/The *		6,109		91
Suncor Energy Inc		2,744		87
Teck Resources Ltd, Cl B		4,036		65
TELUS Corp		7,021		250
Toronto-Dominion Bank/The		1,857		108
Turquoise Hill Resources Ltd *		33,850		16
Vermilion Energy Inc		2,483		41

Description	Shares		Market Value ($ Thousands)
FOREIGN COMMON STOCK (continued)
Wheaton Precious Metals Corp		4,550	$	119
				10,005
China — 0.0%
BeiGene Ltd ADR *		1,825		224
Sands China Ltd		18,800		85
				309
Denmark — 0.2%
AP Moller - Maersk A/S, Cl A		102		109
AP Moller - Maersk A/S, Cl B		47		53
Carlsberg A/S, Cl B		2,094		310
Chr Hansen Holding A/S		6,267		532
Coloplast A/S, Cl B		1,982		239
Danske Bank A/S		29,235		407
Demant A/S *		8,167		209
Genmab A/S *		1,899		386
H Lundbeck A/S, Cl H		6,734		223
Novo Nordisk A/S, Cl B		5,823		300
Novozymes A/S, Cl B		11,406		480
Orsted A/S		6,422		597
Pandora A/S		10,445		419
Tryg A/S		11,415		327
Vestas Wind Systems A/S		1,356		105
				4,696
Finland — 0.1%
Elisa OYJ		10,169		524
Fortum OYJ		11,559		273
Kone OYJ, Cl B		2,993		171
Metso OYJ		5,155		193
Neste OYJ		13,193		437
Nokia OYJ		92,901		471
Nokian Renkaat OYJ		9,162		258
Orion OYJ, Cl B		9,460		353
Sampo OYJ, Cl A		7,790		310
Stora Enso OYJ, Cl R		19,481		235
UPM-Kymmene OYJ, Cl V		7,251		214
Wartsila OYJ Abp		10,931		122
				3,561
France — 0.2%
Aeroports de Paris, Cl A		373		66
Air Liquide SA		1,133		161
Arkema SA		2,066		193
Atos SE		2,099		148
AXA SA		1,932		49
BioMerieux		1,418		117
Bouygues SA		892		36
Capgemini SE		1,472		173
Carrefour SA		6,251		109
Casino Guichard Perrachon SA		2,527		121

  SEI Institutional Managed Trust / Annual Report / September 30, 2019   203

CONSOLIDATED SCHEDULE OF INVESTMENTS

September 30, 2019

Multi-Asset Accumulation Fund (Continued)

Description	Shares		Market Value ($ Thousands)
FOREIGN COMMON STOCK (continued)
Covivio		434	$	46
Danone SA		2,502		220
Dassault Systemes SE		1,668		238
Electricite de France SA		36,153		405
Engie SA		13,671		223
EssilorLuxottica SA		1,016		147
Eurofins Scientific SE		431		200
Eutelsat Communications SA		9,469		176
Gecina SA		699		110
Getlink SE		4,624		70
ICADE		512		46
Iliad SA		1,786		168
Imerys SA		2,203		89
Ingenico Group SA		1,948		190
Ipsen SA		2,272		216
JCDecaux SA		1,173		32
L’Oreal SA		607		170
LVMH Moet Hennessy Louis Vuitton SE		396		157
Natixis SA		5,679		24
Orange SA		5,449		85
Pernod Ricard SA		816		146
Remy Cointreau SA		1,229		163
Renault SA		1,250		72
Rexel SA		3,641		39
Sanofi		3,336		309
Sartorius Stedim Biotech		1,305		183
Schneider Electric SE		577		51
SCOR SE		1,457		60
Societe BIC SA		447		30
STMicroelectronics NV		7,692		149
Suez		25,781		405
Thales SA, Cl A		440		51
TOTAL SA		5,813		303
Ubisoft Entertainment SA *		803		58
Valeo SA		2,727		88
Veolia Environnement SA		6,091		155
Vinci SA		822		88
Vivendi SA		5,328		146
Wendel SA		681		94
				6,775
Germany — 0.2%
1&1 Drillisch AG		3,202		100
adidas AG		369		115
Allianz SE		347		81
BASF SE		1,028		72
Bayer AG		1,449		102
Beiersdorf AG		3,027		357
Brenntag AG		527		25
Commerzbank AG		14,708		85
Continental AG		286		37
Covestro AG		1,507		74

Description	Shares		Market Value ($ Thousands)
FOREIGN COMMON STOCK (continued)
Delivery Hero SE *		1,703	$	76
Deutsche Bank AG		13,338		100
Deutsche Boerse AG		2,103		329
Deutsche Telekom AG		21,205		356
Deutsche Wohnen SE		1,750		64
E.ON SE		24,813		241
Fraport AG Frankfurt Airport Services Worldwide		1,521		129
Fresenius SE & Co KGaA		295		14
GEA Group AG		1,568		42
Hannover Rueck SE		619		105
HeidelbergCement AG		879		63
Henkel AG & Co KGaA		1,543		141
HUGO BOSS AG		1,366		73
Infineon Technologies AG		16,639		299
LANXESS AG		1,587		97
Merck KGaA		1,220		138
METRO AG		15,054		238
Muenchener Rueckversicherungs- Gesellschaft AG in Muenchen		274		71
OSRAM Licht AG		1,575		69
Puma SE		320		25
QIAGEN NV *		4,245		139
RTL Group SA (D)		1,417		68
RWE AG		9,071		284
SAP SE		1,978		233
Siemens Healthineers AG		4,368		172
Symrise AG, Cl A		1,058		103
Telefonica Deutschland Holding AG		58,793		164
thyssenkrupp AG		3,604		50
Uniper SE		11,320		371
United Internet AG		3,201		114
Volkswagen AG		1,167		201
Wirecard AG		1,902		304
Zalando SE *		1,425		65
				5,986
Hong Kong — 0.2%
AIA Group Ltd		13,800		130
ASM Pacific Technology Ltd		28,328		346
CK Asset Holdings Ltd		5,708		38
CK Hutchison Holdings Ltd		13,708		121
CK Infrastructure Holdings Ltd		41,339		278
CLP Holdings Ltd, Cl B		40,838		429
Galaxy Entertainment Group Ltd *		10,000		62
HK Electric Investments & HK Electric Investments Ltd		612,500		584
HKT Trust & HKT Ltd		455,010		722
Hong Kong & China Gas Co Ltd		131,157		256
Kerry Properties Ltd		13,000		40
Melco Resorts & Entertainment Ltd ADR		3,036		59
MGM China Holdings Ltd		64,400		100

  204   SEI Institutional Managed Trust / Annual Report / September 30, 2019

Description	Shares		Market Value   ($ Thousands)
FOREIGN COMMON STOCK (continued)
NWS Holdings Ltd		56,569	$	88
PCCW Ltd		1,055,649		593
Power Assets Holdings Ltd		49,474		332
Shangri-La Asia Ltd		82,000		84
SJM Holdings Ltd		122,000		116
Swire Properties Ltd		18,400		58
Techtronic Industries Co Ltd		14,001		97
WH Group Ltd		258,000		231
Wynn Macau Ltd		27,600		54
Yue Yuen Industrial Holdings Ltd		68,694		188
				5,006
Ireland — 0.1%
Accenture PLC, Cl A		1,029		198
AerCap Holdings NV *		2,475		136
AIB Group PLC		81,628		242
Bank of Ireland Group PLC		30,752		122
CRH PLC		8,115		280
Eaton Corp PLC		2,114		176
Flutter Entertainment PLC		8,378		783
James Hardie Industries PLC		6,087		102
Kerry Group PLC, Cl A		3,687		431
Ryanair Holdings PLC ADR *		861		57
				2,527
Israel — 0.1%
Azrieli Group Ltd		1,204		94
Bank Leumi Le-Israel BM		11,928		85
Check Point Software Technologies Ltd *		3,787		415
Elbit Systems Ltd		1,925		319
International Flavors & Fragrances Inc		1		—
Israel Chemicals Ltd		96,062		477
Mizrahi Tefahot Bank Ltd		14,796		368
Nice Ltd *		4,034		593
Teva Pharmaceutical Industries Ltd ADR *		30,293		208
Wix.com Ltd *		2,155		252
				2,811
Italy — 0.1%
Assicurazioni Generali SpA		5,334		103
Atlantia SpA		3,095		75
Davide Campari-Milano SpA		3,158		29
Enel SpA		67,718		506
Eni SpA		26,389		404
EXOR NV		1,900		127
Ferrari NV		904		140
Fiat Chrysler Automobiles NV		4,810		62
Intesa Sanpaolo SpA		31,593		75
Leonardo SpA		10,324		121
Mediobanca Banca di Credito Finanziario SpA		8,384		92
Moncler SpA		2,434		87
Poste Italiane SpA		10,226		116

Description	Shares		Market Value ($ Thousands)
FOREIGN COMMON STOCK (continued)
Prysmian SpA		5,661	$	122
Recordati SpA		7,089		304
Snam SpA		83,223		420
Telecom Italia SpA/Milano *		540,223		308
Tenaris SA		20,864		221
Terna Rete Elettrica Nazionale SpA		96,629		621
				3,933
Japan — 0.5%
Air Water Inc		3,900		70
Aisin Seiki Co Ltd		1,500		47
Ajinomoto Co Inc		13,400		253
ANA Holdings Inc		2,000		67
Aozora Bank Ltd		3,100		78
Asahi Group Holdings Ltd		800		40
Asahi Kasei Corp		9,000		89
Astellas Pharma Inc		12,400		177
Calbee Inc		2,000		62
Canon Inc		12,500		334
Central Japan Railway Co		400		82
Chubu Electric Power Co Inc		14,900		216
Chugai Pharmaceutical Co Ltd		900		70
Chugoku Electric Power Co Inc/The		38,200		491
Credit Saison Co Ltd		5,700		76
Daicel Corp		3,800		32
Daiwa House Industry Co Ltd		2,300		75
Dentsu Inc		2,900		102
Eisai Co Ltd		1,200		61
Electric Power Development Co Ltd		6,100		139
FamilyMart UNY Holdings Co Ltd, Cl H		5,900		144
FUJIFILM Holdings Corp		3,100		136
Hakuhodo DY Holdings Inc		7,100		103
Hankyu Hanshin Holdings Inc		3,600		139
Hino Motors Ltd		8,200		68
Hirose Electric Co Ltd		882		108
Hitachi Chemical Co Ltd *		3,039		99
Idemitsu Kosan Co Ltd		13,098		370
Inpex Corp		37,600		345
J Front Retailing Co Ltd		5,200		61
Japan Post Bank Co Ltd		7,900		77
Japan Prime Realty Investment Corp, Cl A ‡		24		114
Japan Real Estate Investment Corp		16		107
Japan Retail Fund Investment Corp, Cl A		32		68
JXTG Holdings Inc		83,500		381
Kakaku.com Inc		3,400		84
Kamigumi Co Ltd		4,000		91
Kaneka Corp		2,400		75
Kansai Electric Power Co Inc/The		14,400		161
Kansai Paint Co Ltd		3,000		70
Kao Corp		1,800		133
KDDI Corp		3,300		86
Keikyu Corp		4,000		77

  SEI Institutional Managed Trust / Annual Report / September 30, 2019   205

CONSOLIDATED SCHEDULE OF INVESTMENTS

September 30, 2019

Multi-Asset Accumulation Fund (Continued)

Description	Shares		Market Value ($ Thousands)
FOREIGN COMMON STOCK (continued)
Konami Holdings Corp		2,500	$	121
Kyocera Corp		1,500		93
Kyushu Electric Power Co Inc		20,500		193
Lawson Inc		5,900		302
LIXIL Group Corp		3,000		53
M3 Inc *		3,400		82
Marubeni Corp		14,900		99
Maruichi Steel Tube Ltd		3,200		84
McDonald’s Holdings Co Japan Ltd		1,723		83
Mebuki Financial Group Inc		32,230		79
Medipal Holdings Corp		6,800		151
MEIJI Holdings Co Ltd		600		44
Mitsubishi Motors Corp		8,800		38
Mitsubishi Tanabe Pharma Corp		7,400		81
Mitsui Chemicals Inc		1,800		40
Murata Manufacturing Co Ltd		1,500		72
NEC Corp		3,300		139
NGK Spark Plug Co Ltd		2,600		49
Nintendo Co Ltd		100		37
Nippon Building Fund Inc		25		192
Nippon Prologis Inc ‡		36		99
Nippon Telegraph & Telephone Corp		2,200		105
Nisshin Seifun Group Inc		4,515		84
Nomura Research Institute Ltd		6,534		130
NTT Data Corp		10,000		129
NTT DOCOMO Inc		3,700		94
Obic Co Ltd		900		103
Odakyu Electric Railway Co Ltd		3,300		79
Oji Holdings Corp		12,000		56
Ono Pharmaceutical Co Ltd		4,500		82
Oracle Corp Japan		1,200		104
Osaka Gas Co Ltd		12,600		241
Otsuka Holdings Co Ltd		600		22
Pan Pacific International Holdings Corp		11,200		187
Ryohin Keikaku Co Ltd		4,000		75
Sankyo Co Ltd		2,500		86
Santen Pharmaceutical Co Ltd		6,200		108
Sekisui Chemical Co Ltd		5,300		82
Seven & i Holdings Co Ltd		2,100		80
Shimizu Corp		8,200		74
Shizuoka Bank Ltd/The		12,000		89
SoftBank Group Corp		800		32
Subaru Corp		4,000		113
Sumitomo Corp		6,500		101
Sumitomo Rubber Industries Ltd		6,900		82
Sysmex Corp		1,700		114
Taisei Corp		1,000		39
Taisho Pharmaceutical Holdings Co Ltd		1,500		109
Takeda Pharmaceutical Co Ltd		4,318		147
Teijin Ltd		4,800		92
Terumo Corp		5,300		170
Tobu Railway Co Ltd		3,400		110

Description	Shares		Market Value ($ Thousands)
FOREIGN COMMON STOCK (continued)
Toho Co Ltd/Tokyo		4,100	$	179
Toho Gas Co Ltd		7,312		279
Tohoku Electric Power Co Inc		12,200		119
Tokyo Electric Power Co Holdings Inc *		31,100		152
Tokyo Gas Co Ltd		14,000		353
Tokyu Corp		4,400		83
Toray Industries Inc		10,000		74
TOTO Ltd		1,000		37
Toyo Seikan Group Holdings Ltd		1,900		29
Toyo Suisan Kaisha Ltd		3,000		120
Toyota Industries Corp		1,900		109
Toyota Motor Corp		1,700		113
Trend Micro Inc/Japan *		2,000		95
United Urban Investment Corp		66		126
Yahoo Japan Corp		44,500		125
Yamazaki Baking Co Ltd		5,000		89
				12,990
Luxembourg — 0.0%
SES SA, Cl A		5,154		94
Netherlands — 0.2%
ABN AMRO Bank NV		1,275		23
Adyen NV *		322		212
Aegon NV		17,146		71
Akzo Nobel NV		6,928		618
ArcelorMittal		6,941		98
ASML Holding NV		1,281		317
Heineken Holding NV		333		33
Heineken NV		1,392		150
ING Groep NV		10,046		105
Koninklijke Ahold Delhaize NV		14,651		367
Koninklijke DSM NV		1,275		153
Koninklijke KPN NV		126,877		396
Koninklijke Philips NV		6,834		316
Koninklijke Vopak NV		6,630		341
LyondellBasell Industries NV, Cl A		3,960		354
NXP Semiconductors NV		3,404		372
Randstad NV		5,181		255
Wolters Kluwer NV		2,040		149
				4,330
New Zealand — 0.1%
a2 Milk Co Ltd *		33,511		279
Auckland International Airport Ltd		21,194		122
Fisher & Paykel Healthcare Corp Ltd		32,232		350
Fletcher Building Ltd		67,052		216
Meridian Energy Ltd		189,042		616
Ryman Healthcare Ltd		37,156		310
Spark New Zealand Ltd		221,517		612
				2,505

  206   SEI Institutional Managed Trust / Annual Report / September 30, 2019

Description	Shares		Market Value ($ Thousands)
FOREIGN COMMON STOCK (continued)
Norway — 0.1%
Aker BP ASA		5,212	$	140
DNB ASA, Cl A		9,226		163
Equinor ASA		8,101		154
Gjensidige Forsikring ASA		15,345		305
Mowi ASA		20,383		471
Norsk Hydro ASA		42,193		149
Orkla ASA		64,846		590
Schibsted ASA, Cl B		11,980		336
Telenor ASA		24,308		488
Yara International ASA		3,013		130
				2,926
Panama — 0.0%
Carnival Corp		1,461		64
Portugal — 0.0%
Banco Espirito Santo SA *(E)		50,830		—
EDP - Energias de Portugal SA		85,895		334
Galp Energia SGPS SA		17,981		271
Jeronimo Martins SGPS SA		14,104		238
				843
Singapore — 0.1%
CapitaLand Commercial Trust		53,667		80
CapitaLand Ltd		33,800		86
City Developments Ltd		7,600		54
ComfortDelGro Corp Ltd		64,800		112
Dairy Farm International Holdings Ltd		89,700		565
Genting Singapore Ltd		372,800		237
Golden Agri-Resources Ltd		2,230,000		363
Jardine Cycle & Carriage Ltd		16,400		356
Jardine Matheson Holdings Ltd		3,264		175
Jardine Strategic Holdings Ltd		2,900		87
Keppel Corp Ltd		16,600		71
Oversea-Chinese Banking Corp Ltd		12,800		101
SATS Ltd		30,800		108
Sembcorp Industries Ltd		31,300		47
Singapore Airlines Ltd		4,200		28
Singapore Press Holdings Ltd		204,200		307
Singapore Technologies Engineering Ltd		25,400		71
Singapore Telecommunications Ltd		133,900		300
United Overseas Bank Ltd		5,300		98
Venture Corp Ltd		19,800		219
Wilmar International Ltd		116,800		315
Yangzijiang Shipbuilding Holdings Ltd		115,350		80
				3,860
Spain — 0.1%
ACS Actividades de Construccion y Servicios SA		2,833		113

Description	Shares		Market Value ($ Thousands)
FOREIGN COMMON STOCK (continued)
Aena SME SA		765	$	140
Amadeus IT Group SA, Cl A		5,513		395
Banco Bilbao Vizcaya Argentaria SA		10,923		57
Banco Santander SA		16,470		67
Bankia SA		20,227		38
CaixaBank SA		38,771		102
Enagas SA		24,563		569
Endesa SA		16,080		423
Ferrovial SA		4,529		131
Grifols SA		9,996		295
Iberdrola SA		26,058		271
Industria de Diseno Textil SA		4,514		140
International Consolidated Airlines Group SA		2,328		14
Naturgy Energy Group SA		6,561		174
Red Electrica Corp SA		10,145		206
Repsol SA, Cl A		20,285		317
Siemens Gamesa Renewable Energy SA		5,394		73
Telefonica SA		43,875		335
				3,860
Sweden — 0.2%
Alfa Laval AB		3,670		73
Atlas Copco AB, Cl A		1,818		56
Atlas Copco AB, Cl B		1,891		51
Electrolux AB		10,068		239
Epiroc AB, Cl A		3,608		39
Epiroc AB, Cl B		1,891		20
Essity AB, Cl B		7,171		209
Hennes & Mauritz AB, Cl B		16,068		312
Hexagon AB, Cl B		2,068		100
Husqvarna AB, Cl B		49,620		378
ICA Gruppen AB		14,294		661
Industrivarden AB, Cl C		4,865		107
Kinnevik AB		1,565		41
Lundin Petroleum AB		9,911		298
Millicom International Cellular SA		5,166		251
Nordea Bank Abp		6,982		50
Skandinaviska Enskilda Banken AB, Cl A		7,936		73
Svenska Handelsbanken AB, Cl A		7,194		67
Swedbank AB, Cl A		4,910		71
Swedish Match AB		8,158		338
Tele2 AB, Cl B		15,993		238
Telefonaktiebolaget LM Ericsson, Cl B		59,384		475
Telia Co AB		63,713		285
Volvo AB, Cl B		6,277		88
				4,520
Switzerland — 0.2%
ABB Ltd		4,545		89
Adecco Group AG		1,187		66
Baloise Holding AG		496		89
Barry Callebaut AG		173		357

  SEI Institutional Managed Trust / Annual Report / September 30, 2019   207

CONSOLIDATED SCHEDULE OF INVESTMENTS

September 30, 2019

Multi-Asset Accumulation Fund (Continued)

Description	Shares		Market Value ($ Thousands)
FOREIGN COMMON STOCK (continued)
Chocoladefabriken Lindt & Spruengli AG		33	$	546
Cie Financiere Richemont SA		4,087		300
Clariant AG		1,232		24
Dufry AG		2,605		218
Geberit AG		215		103
Givaudan SA		128		357
Kuehne + Nagel International AG		963		142
LafargeHolcim Ltd		1,540		76
Lonza Group AG		312		106
Nestle SA		1,850		201
Novartis AG		3,465		301
Partners Group Holding AG		140		108
Roche Holding AG		898		262
Schindler Holding AG		1,122		251
SGS SA, Cl B		41		101
Sonova Holding AG		638		148
Straumann Holding AG		271		222
Swatch Group AG/The		2,441		123
Swatch Group AG/The, Cl B		938		249
Swiss Life Holding AG		254		122
Swiss Re AG		978		102
Swisscom AG		1,256		620
TE Connectivity Ltd		1,862		173
Temenos AG *		1,454		244
UBS Group AG		5,937		67
Vifor Pharma AG		721		115
Zurich Insurance Group AG		87		33
				5,915
United Kingdom — 0.3%
Admiral Group PLC		3,076		80
Antofagasta PLC		7,180		80
Associated British Foods PLC		2,191		62
AstraZeneca PLC		5,009		448
Auto Trader Group PLC		22,327		140
Aviva PLC		17,112		84
Barratt Developments PLC		14,410		115
BP PLC		45,145		287
British American Tobacco PLC		1,681		62
BT Group PLC, Cl A		31,533		69
Bunzl PLC		3,000		79
Burberry Group PLC		3,826		103
Centrica PLC		221,735		202
Coca-Cola HBC AG *		3,429		112
ConvaTec Group PLC		6,222		13
Diageo PLC		2,888		119
easyJet PLC		3,512		50
Experian PLC		2,610		84
G4S PLC		16,567		39
GlaxoSmithKline PLC		12,139		261
Imperial Brands PLC		3,182		72
Informa PLC		13,266		139

Description	Shares		Market Value ($ Thousands)
FOREIGN COMMON STOCK (continued)
InterContinental Hotels Group PLC		1,158	$	72
ITV PLC		95,402		148
J Sainsbury PLC		21,670		59
John Wood Group PLC		49,734		233
Johnson Matthey PLC		1,866		70
Kingspan Group PLC		6,500		317
Marks & Spencer Group PLC		10,789		25
National Grid PLC		24,779		269
NMC Health PLC		5,955		199
Pearson PLC		16,363		149
Persimmon PLC		1,979		53
Reckitt Benckiser Group PLC		1,075		84
RELX PLC		3,034		72
Rio Tinto PLC		2,159		112
Royal Dutch Shell PLC, Cl A		4,518		133
Royal Dutch Shell PLC, Cl B		10,245		302
RSA Insurance Group PLC		16,014		106
Sage Group PLC/The		25,020		213
Severn Trent PLC		8,989		240
Smith & Nephew PLC		22,971		555
Smiths Group PLC		4,570		88
Smurfit Kappa Group PLC		11,520		343
SSE PLC		11,068		170
Standard Life Aberdeen PLC		22,285		78
Tesco PLC		37,440		111
TUI AG		3,217		38
Unilever PLC		5,792		349
United Utilities Group PLC, Cl B		22,579		230
Vodafone Group PLC		80,329		160
Whitbread PLC		1,095		58
Wm Morrison Supermarkets PLC		34,659		85
WPP PLC		8,141		102
				7,923
Total Foreign Common Stock (Cost $97,673) ($ Thousands)				107,543
COMMON STOCK — 3.7%
Communication Services — 0.3%
Activision Blizzard Inc		6,678		353
Alphabet Inc, Cl A *		225		275
Alphabet Inc, Cl C *		212		258
AT&T Inc		19,318		731
Axel Springer *		1,988		137
CBS Corp, Cl B		5,147		208
Cellnex Telecom SA *		6,568		271
CenturyLink Inc		48,368		604
Charter Communications Inc, Cl A *		702		289
Comcast Corp, Cl A		6,389		288
CyberAgent		2,800		107
Discovery Inc, Cl A *		9,297		248

  208   SEI Institutional Managed Trust / Annual Report / September 30, 2019

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Discovery Inc, Cl C *		2,816	$	69
DISH Network Corp, Cl A *		8,704		297
Electronic Arts Inc *		2,803		274
Facebook Inc, Cl A *		1,409		251
Fox Corp		12,967		409
Interpublic Group of Cos Inc/The		13,924		300
LINE Corp *		1,800		64
Netflix Inc *		927		248
News Corp, Cl A		9,073		126
News Corp, Cl B		25,226		361
Nexon Co Ltd *		4,800		58
Omnicom Group Inc		4,167		326
Quebecor Inc, Cl B		11,501		261
Softbank Corp		6,400		87
Take-Two Interactive Software Inc, Cl A *		2,472		310
T-Mobile US Inc *		3,154		248
TripAdvisor Inc *		10,101		391
Twitter Inc *		8,010		330
Verizon Communications Inc		9,395		567
Viacom Inc, Cl B		10,449		251
Walt Disney Co/The		3,557		464
				9,461
Consumer Discretionary — 0.4%
Advance Auto Parts Inc		1,136		188
Amazon.com Inc, Cl A *		72		125
Aptiv PLC		1,925		168
AutoZone Inc *		172		187
Berkeley Group Holdings PLC		2,133		110
Best Buy Co Inc		2,195		151
Booking Holdings Inc *		80		157
BorgWarner Inc		4,754		175
Capri Holdings Ltd *		3,411		113
CarMax Inc *		2,511		221
Chipotle Mexican Grill Inc, Cl A *		220		185
Darden Restaurants Inc		1,472		174
Dollar General Corp		990		157
Dollar Tree Inc *		2,221		254
DR Horton Inc		3,316		175
eBay Inc		1,485		58
Expedia Group Inc		1,393		187
Faurecia SA		2,199		105
Foot Locker Inc, Cl A		1,927		83
Ford Motor Co		12,902		118
Gap Inc/The		8,495		147
General Motors Co		2,986		112
H&R Block Inc		4,731		112
Hanesbrands Inc		12,220		187
Harley-Davidson Inc, Cl A		4,066		146
Hasbro Inc		1,503		178
Hilton Worldwide Holdings Inc		1,532		143
Home Depot Inc/The		660		153

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Kohl’s Corp		2,286	$	114
Kontoor Brands Inc		313		11
L Brands Inc		8,263		162
Leggett & Platt Inc		4,641		190
Lennar Corp, Cl A		3,927		219
LKQ Corp *		6,539		206
Lowe’s Cos Inc		1,189		131
Macy’s Inc		7,799		121
Marriott International Inc/MD, Cl A		1,166		145
Mattel Inc *		6,286		72
McDonald’s Corp		63		14
MGM Resorts International		6,494		180
Mohawk Industries Inc *		1,015		126
Newell Brands Inc, Cl B		10,927		205
NIKE Inc, Cl B		338		32
Nordstrom Inc		3,537		119
Norwegian Cruise Line Holdings Ltd *		2,900		150
O’Reilly Automotive Inc *		530		211
Prosus *		5,981		439
PVH Corp		1,907		168
Ralph Lauren Corp, Cl A		1,286		123
Ross Stores Inc		2,214		243
Royal Caribbean Cruises Ltd		1,248		135
Starbucks Corp		2,467		218
Tapestry Inc		5,317		138
Target Corp, Cl A		2,518		269
Tiffany & Co		1,465		136
TJX Cos Inc/The		4,144		231
Tractor Supply Co		2,314		209
Ulta Beauty Inc *		553		139
Under Armour Inc, Cl A *		5,297		106
Under Armour Inc, Cl C *		2,107		38
VF Corp		2,192		195
Whirlpool Corp		864		137
Wynn Resorts Ltd		1,040		113
				9,714
Consumer Staples — 0.5%
Altria Group Inc		7,264		297
Archer-Daniels-Midland Co		6,839		281
Brown-Forman Corp, Cl B		7,215		453
Campbell Soup Co		12,199		572
Church & Dwight Co Inc		5,085		383
Clorox Co/The		3,472		527
Coca-Cola European Partners PLC		3,838		213
Coles Group Ltd		19,411		201
Colgate-Palmolive Co		4,415		325
Conagra Brands Inc		13,514		414
Constellation Brands Inc, Cl A		1,639		340
Coty Inc, Cl A		27,858		293
Estee Lauder Cos Inc/The, Cl A		2,272		452
General Mills Inc		11,660		643

  SEI Institutional Managed Trust / Annual Report / September 30, 2019   209

CONSOLIDATED SCHEDULE OF INVESTMENTS

September 30, 2019

Multi-Asset Accumulation Fund (Continued)

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Hershey Co/The		3,659	$	567
Hormel Foods Corp		9,556		418
JM Smucker Co/The		4,668		513
Kellogg Co		5,138		331
Kimberly-Clark Corp		3,458		491
Kraft Heinz Co/The		8,875		248
Kroger Co/The		11,876		306
Lamb Weston Holdings Inc		3,626		264
McCormick & Co Inc/MD		2,763		432
Molson Coors Brewing Co, Cl B		6,673		384
Mondelez International Inc, Cl A		8,619		477
Monster Beverage Corp *		6,226		361
PepsiCo Inc		2,423		332
Philip Morris International Inc		4,052		308
Pola Orbis Holdings Inc		3,200		72
Procter & Gamble Co/The		4,040		502
Spectrum Brands Holdings Inc		108		6
Sysco Corp, Cl A		4,913		390
Tyson Foods Inc, Cl A		5,130		442
Unilever		3,228		194
Vitasoy International Holdings Ltd		62,000		251
Walgreens Boots Alliance Inc		4,912		271
Walmart Inc		2,197		261
				13,215
Energy — 0.3%
Apache Corp		11,855		303
Baker Hughes a GE Co, Cl A		12,595		292
Cabot Oil & Gas Corp		14,093		248
Cenovus Energy		8,037		76
Chevron Corp		2,582		306
Cimarex Energy Co		5,940		285
Concho Resources Inc		3,867		263
ConocoPhillips		5,566		317
Devon Energy Corp		10,590		255
Diamondback Energy Inc, Cl A		3,000		270
Drilling Co of 1972 A/S/The *		298		17
EOG Resources Inc		3,891		289
Exxon Mobil Corp		3,821		270
Halliburton Co		14,568		275
Helmerich & Payne Inc		7,943		318
Hess Corp		4,091		247
HollyFrontier Corp		5,386		289
Inter Pipeline		4,168		73
Kinder Morgan Inc/DE		14,279		294
Marathon Oil Corp		18,787		231
Marathon Petroleum Corp		5,188		315
National Oilwell Varco Inc, Cl A		9,602		203
Noble Energy Inc		10,357		233
Occidental Petroleum Corp		5,643		251
ONEOK Inc		5,808		428
Phillips 66		2,695		276

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Pioneer Natural Resources Co		1,705	$	214
Schlumberger Ltd, Cl A		7,723		264
TC Energy Corp		2,000		104
TechnipFMC PLC		11,797		285
Tourmaline Oil Corp		9,937		98
Valero Energy Corp		3,642		310
Williams Cos Inc/The		15,687		377
				8,276
Financials — 0.2%
Affiliated Managers Group Inc		1,162		97
Allstate Corp/The		963		105
American International Group Inc		1,882		105
Ameriprise Financial Inc		614		90
AMP Ltd		78,583		97
Aon PLC		680		132
Assurant Inc		976		123
Bank of America Corp		3,101		90
Bank of New York Mellon Corp/The		1,593		72
Bankinter SA		7,228		46
BB&T Corp		2,425		129
BlackRock Inc		215		96
Brighthouse Financial Inc *		1,974		80
Capital One Financial Corp		1,140		104
Cboe Global Markets Inc		1,513		174
Charles Schwab Corp/The		1,358		57
Chubb Ltd		852		137
Cincinnati Financial Corp		2,017		235
Citizens Financial Group Inc		2,888		102
Comerica Inc		1,435		95
Discover Financial Services		1,159		94
E*TRADE Financial Corp		2,501		109
Fifth Third Bancorp		3,964		109
Franklin Resources Inc		2,773		80
Globe Life Inc		870		83
Goldman Sachs Group Inc/The		641		133
Hartford Financial Services Group Inc/The		2,184		132
Huntington Bancshares Inc/OH		9,087		130
Intercontinental Exchange Inc		1,550		143
Invesco Ltd		6,593		112
Japan Post Holdings Co Ltd		13,200		122
Jefferies Financial Group Inc		4,320		79
JPMorgan Chase & Co		873		103
KeyCorp		8,346		149
Lincoln National Corp		1,000		60
Loews Corp		1,583		81
M&T Bank Corp		598		94
MetLife Inc		1,562		74
Morgan Stanley		1,873		80
MSCI Inc, Cl A		449		98
Nasdaq Inc, Cl A		1,585		157
Nordea Bank Abp		779		6

  210   SEI Institutional Managed Trust / Annual Report / September 30, 2019

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Northern Trust Corp		1,046	$	98
Onex Corp		820		51
People’s United Financial Inc		8,554		134
PNC Financial Services Group Inc/The		607		85
Principal Financial Group Inc, Cl A		1,498		86
Progressive Corp/The		2,497		193
Prudential Financial Inc		736		66
Raymond James Financial Inc		1,182		97
Regions Financial Corp		6,723		106
State Street Corp		770		45
SunTrust Banks Inc		2,220		153
SVB Financial Group, Cl B *		365		76
Synchrony Financial		3,561		121
T Rowe Price Group Inc		1,887		216
Travelers Cos Inc/The		849		126
Unum Group		4,210		125
US Bancorp		2,336		129
Wells Fargo & Co		1,955		99
Willis Towers Watson PLC		490		95
				6,495
Health Care — 0.3%
Abbott Laboratories		2,344		196
AbbVie Inc		1,754		133
ABIOMED Inc *		453		81
Agilent Technologies Inc		3,209		246
Alcon Inc *		2,448		143
Alexion Pharmaceuticals Inc *		1,323		130
Align Technology Inc *		806		146
Allergan PLC		990		167
AmerisourceBergen Corp, Cl A		1,376		113
Amgen Inc, Cl A		840		162
Anthem Inc		458		110
Asahi Intecc Co Ltd		4,400		115
Baxter International Inc		2,892		253
Becton Dickinson and Co		951		240
Biogen Inc *		324		75
Boston Scientific Corp *		5,564		226
Bristol-Myers Squibb Co		2,871		145
Cardinal Health Inc		2,881		136
Celgene Corp, Cl A *		604		60
Centene Corp *		2,552		110
Cerner Corp		3,217		219
Cooper Cos Inc/The, Cl A		642		191
Cronos Group Inc *		7,770		70
CVS Health Corp		3,025		191
Danaher Corp, Cl A		1,722		249
DaVita Inc *		2,885		165
DENTSPLY SIRONA Inc		2,721		145
Edwards Lifesciences Corp, Cl A *		740		163
Gilead Sciences Inc		2,209		140
HCA Healthcare Inc		1,320		159

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Henry Schein Inc *		2,812	$	179
Hologic Inc *		3,960		200
Humana Inc		533		136
IDEXX Laboratories Inc *		599		163
Illumina Inc *		457		139
Incyte Corp *		1,195		89
Intuitive Surgical Inc *		369		199
Johnson & Johnson		894		116
Laboratory Corp of America Holdings *		1,268		213
McKesson Corp		1,112		152
Medtronic PLC		1,787		194
Mettler-Toledo International Inc *		275		194
Mylan NV *		3,267		65
Nektar Therapeutics, Cl A *		5,196		95
PerkinElmer Inc		2,942		250
Perrigo Co PLC		1,609		90
Pfizer Inc		4,453		160
Quest Diagnostics Inc		2,292		245
Stryker Corp		1,159		251
Sumitomo Dainippon Pharma Co Ltd		4,600		76
UnitedHealth Group Inc		559		122
Universal Health Services Inc, Cl B		1,151		171
Varian Medical Systems Inc *		1,691		201
Vertex Pharmaceuticals Inc *		910		154
Waters Corp *		930		207
Zimmer Biomet Holdings Inc		1,684		231
Zoetis Inc, Cl A		2,499		311
				9,282
Industrials — 0.3%
3M Co		677		112
Air Canada, Cl B *		1,656		54
Allegion PLC		1,615		167
American Airlines Group Inc		2,578		69
AMETEK Inc		2,335		215
AO Smith Corp		2,700		129
Arconic Inc		5,255		137
Babcock International Group PLC		11,654		80
BAE Systems PLC		18,763		132
Boeing Co/The		456		174
CH Robinson Worldwide Inc		2,024		172
Cintas Corp		931		250
Copart Inc *		2,400		193
Cummins Inc		871		142
Dai Nippon Printing Co Ltd		5,900		152
DCC PLC		1,122		98
Delta Air Lines Inc, Cl A		3,091		178
Dover Corp		1,914		191
Emerson Electric Co		2,411		161
Equifax Inc		1,030		145
Expeditors International of Washington Inc		2,620		195
Fastenal Co, Cl A		2,782		91

  SEI Institutional Managed Trust / Annual Report / September 30, 2019   211

CONSOLIDATED SCHEDULE OF INVESTMENTS

September 30, 2019

Multi-Asset Accumulation Fund (Continued)

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Ferguson PLC		1,538	$	113
Flowserve Corp		3,192		149
Fluor Corp		3,126		60
Fortive Corp		1,754		120
Fortune Brands Home & Security Inc		2,268		124
General Dynamics Corp		849		155
General Electric Co		5,173		46
Honeywell International Inc		835		141
Huntington Ingalls Industries Inc, Cl A		757		160
IHS Markit Ltd *		3,200		214
Illinois Tool Works Inc		606		95
Ingersoll-Rand PLC		1,653		204
ITOCHU Corp		1,100		23
Jacobs Engineering Group Inc		1,431		131
JB Hunt Transport Services Inc		832		92
Johnson Controls International PLC		3,007		132
Kansas City Southern		1,165		155
Kawasaki Heavy Industries Ltd		3,200		71
L3Harris Technologies Inc		675		141
Legrand SA		2,384		170
Lockheed Martin Corp		518		202
Masco Corp		3,446		144
Nabtesco Corp		1,500		46
Nielsen Holdings PLC		5,302		113
Norfolk Southern Corp		1,093		196
Northrop Grumman Corp		572		214
PACCAR Inc		2,161		151
Parker-Hannifin Corp, Cl A		549		99
Pentair PLC		5,438		206
Quanta Services Inc		3,494		132
Raytheon Co		1,052		206
Robert Half International Inc		3,077		171
Rockwell Automation Inc		996		164
Rolls-Royce Holdings PLC		7,169		70
Snap-on Inc		986		154
Southwest Airlines Co, Cl A		2,241		121
Stanley Black & Decker Inc		854		123
Textron Inc		2,415		118
TransDigm Group Inc *		216		113
United Airlines Holdings Inc *		267		24
United Parcel Service Inc, Cl B		756		90
United Rentals Inc *		374		47
United Technologies Corp		1,503		205
Verisk Analytics Inc, Cl A		1,492		236
Waste Management Inc		830		95
WSP Global Inc		2,856		167
Xylem Inc/NY		1,487		118
				9,458
Information Technology — 0.3%
Adobe Inc *		587		162
Advanced Micro Devices Inc *		3,357		97

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Akamai Technologies Inc *		1,677	$	153
Alliance Data Systems Corp		609		78
Amphenol Corp, Cl A		1,663		160
Analog Devices Inc		1,714		192
Applied Materials Inc		3,039		152
Arista Networks Inc *		506		121
Autodesk Inc, Cl A *		1,057		156
Automatic Data Processing Inc		1,586		256
Broadcom Inc		452		125
Cadence Design Systems Inc *		2,281		151
CGI Inc, Cl A *		5,643		446
Cisco Systems Inc		4,373		216
Citrix Systems Inc		1,812		175
Cognizant Technology Solutions Corp, Cl A		2,178		131
Corning Inc, Cl B		4,549		130
CyberArk Software Ltd *		2,369		236
DXC Technology Co		1,620		48
F5 Networks Inc, Cl A *		1,077		151
Fidelity National Information Services Inc, Cl B		1,370		182
Fiserv Inc, Cl A *		2,440		253
FleetCor Technologies Inc *		390		112
FLIR Systems Inc		2,599		137
Fortinet Inc *		1,323		102
Gartner Inc *		1,047		150
Global Payments Inc		2,085		332
Halma PLC		4,990		121
Hewlett Packard Enterprise Co		8,829		134
HP Inc		7,329		139
Intel Corp		2,194		113
International Business Machines Corp		793		115
Intuit Inc		640		170
Juniper Networks Inc		4,939		122
KLA Corp		1,003		160
Micro Focus International PLC		15,053		211
Microchip Technology Inc		1,703		158
Microsoft Corp		1,573		219
Motorola Solutions Inc		1,038		177
NetApp Inc		2,629		138
NVIDIA Corp		317		55
Oracle Corp, Cl B		2,724		150
Paychex Inc		2,240		185
Qorvo Inc *		1,591		118
QUALCOMM Inc		2,165		165
salesforce.com Inc *		952		141
Seagate Technology PLC		1,886		101
Skyworks Solutions Inc		1,430		113
Symantec Corp, Cl A		7,762		183
Synopsys Inc *		1,972		271
Texas Instruments Inc		1,935		250
VeriSign Inc *		681		128
Washington H Soul Pattinson & Co Ltd		33,118		470

  212   SEI Institutional Managed Trust / Annual Report / September 30, 2019

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Western Digital Corp		1,951	$	116
Western Union Co/The		7,451		173
Worldline SA/France *		838		53
				9,253
Materials — 0.3%
Air Products & Chemicals Inc		2,285		507
Albemarle Corp		4,077		283
Amcor PLC		24,449		238
Avery Dennison Corp		4,309		489
Boliden AB		3,000		69
Celanese Corp, Cl A		628		77
CF Industries Holdings Inc		7,461		367
Corteva Inc		10,440		292
Dow Inc		6,049		288
DuPont de Nemours Inc		2,966		212
Eastman Chemical Co		4,183		309
Ecolab Inc		2,591		513
FMC Corp		4,104		360
Freeport-McMoRan Inc, Cl B		29,307		280
International Flavors & Fragrances Inc		2,340		287
Linde PLC		2,704		524
Livent Corp *		3,838		26
Martin Marietta Materials Inc, Cl A		1,462		401
Mosaic Co/The		13,758		282
Newmont Goldcorp Corp		11,485		436
Nucor Corp		6,312		321
Packaging Corp of America		4,149		440
PPG Industries Inc		3,051		362
Sealed Air Corp		4,758		198
Sherwin-Williams Co/The, Cl A		639		351
Tosoh Corp		5,500		73
Vulcan Materials Co		3,000		453
Westrock Co		5,921		216
				8,654
Real Estate — 0.2%
Alexandria Real Estate Equities Inc ‡		1,025		158
Apartment Investment & Management Co, Cl A ‡		2,812		147
Aroundtown ‡		14,000		114
Boston Properties Inc ‡		114		15
CapitaLand Mall Trust ‡		175,600		334
Digital Realty Trust Inc, Cl A ‡		1,000		130
Duke Realty Corp ‡		4,733		161
Equinix Inc ‡		207		119
Equity Residential ‡		1,670		144
Essex Property Trust Inc ‡		681		222
Federal Realty Investment Trust ‡		1,020		139
Goodman Group ‡		17,485		167
HCP Inc ‡		3,955		141
Host Hotels & Resorts Inc ‡		7,223		125

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Iron Mountain Inc ‡		1,886	$	61
Kimco Realty Corp ‡		6,490		136
Macerich Co/The ‡		1,962		62
Mid-America Apartment Communities Inc ‡		1,107		144
Mitsui Fudosan ‡		2,500		62
Prologis Inc ‡		2,009		171
Realty Income Corp ‡		2,310		177
Regency Centers Corp ‡		1,875		130
SBA Communications Corp, Cl A ‡		900		217
SL Green Realty Corp ‡		1,090		89
UDR Inc ‡		2,944		143
Ventas Inc ‡		3,347		244
Vonovia SE		6,875		349
Vornado Realty Trust ‡		2,208		141
Welltower Inc ‡		1,515		137
Weyerhaeuser Co ‡		3,289		91
				4,470
Utilities — 0.6%
AES Corp/VA		25,990		425
Alliant Energy Corp		14,731		795
AltaGas Ltd		18,020		265
Ameren Corp		9,333		747
American Electric Power Co Inc		6,545		613
American Water Works Co Inc		4,182		520
CenterPoint Energy Inc		17,055		515
CMS Energy Corp		10,372		663
Consolidated Edison Inc		8,391		793
Dominion Energy Inc		3,957		321
DTE Energy Co		5,956		792
Duke Energy Corp		6,400		614
Edison International		7,215		544
Entergy Corp		5,814		682
Evergy Inc		7,600		506
Eversource Energy		9,458		808
Exelon Corp		12,325		595
FirstEnergy Corp		14,493		699
NextEra Energy Inc		2,742		639
NiSource Inc		20,884		625
NRG Energy Inc		9,094		360
Pinnacle West Capital Corp		4,437		431
PPL Corp		20,593		649
Public Service Enterprise Group Inc		11,012		683
Sempra Energy		4,307		636
Southern Co/The		10,786		666
WEC Energy Group Inc		7,719		734
Xcel Energy Inc		11,560		750
				17,070
Total Common Stock
(Cost $78,558) ($ Thousands)				105,348

  SEI Institutional Managed Trust / Annual Report / September 30, 2019   213

CONSOLIDATED SCHEDULE OF INVESTMENTS

September 30, 2019

Multi-Asset Accumulation Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS — 2.0%
Communication Services — 0.0%
Alphabet Inc
3.625%, 05/19/2021 (A)	$	150	$	154
Consumer Discretionary — 0.0%
Council of Europe Development Bank
2.625%, 02/13/2023 (A)		250		257
2.500%, 02/27/2024 (A)		250		259
Toyota Motor Credit MTN
3.200%, 01/11/2027 (A)		750		802
University of Southern California
5.250%, 10/01/2111 (A)		100		151
				1,469
Consumer Staples — 0.1%
Coca-Cola
3.200%, 11/01/2023 (A)		500		526
Colgate-Palmolive MTN
2.300%, 05/03/2022 (A)		250		254
2.250%, 11/15/2022 (A)		1,250		1,262
Procter & Gamble
2.150%, 08/11/2022 (A)		250		253
1.850%, 02/02/2021 (A)		250		250
				2,545
Energy — 0.1%
Chevron
2.954%, 05/16/2026 (A)		1,000		1,046
Equinor
2.450%, 01/17/2023 (A)		1,250		1,269
Nexen Energy ULC
5.875%, 03/10/2035 (A)		100		131
Shell International Finance BV
3.250%, 05/11/2025 (A)		250		265
XTO Energy
6.750%, 08/01/2037 (A)		300		432
				3,143
Financials — 1.4%
African Development Bank MTN
2.375%, 09/23/2021 (A)		1,750		1,771
Asian Development Bank MTN
2.750%, 03/17/2023 (A)		750		778
2.375%, 08/10/2027 (A)		500		523
1.875%, 08/10/2022 (A)		1,000		1,006
1.750%, 08/14/2026 (A)		500		502
Bank of Montreal MTN
2.550%, 11/06/2022 (A)		250		254
1.900%, 08/27/2021 (A)		750		749
Bank of New York Mellon
3.550%, 09/23/2021 (A)		200		206

Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
Bank of Nova Scotia
4.375%, 01/13/2021 (A)	$	250	$	257
2.700%, 03/07/2022 (A)		500		509
Berkshire Hathaway
3.400%, 01/31/2022 (A)		150		156
2.750%, 03/15/2023 (A)		1,000		1,025
BlackRock
3.375%, 06/01/2022 (A)		500		521
Canadian Imperial Bank of Commerce
2.550%, 06/16/2022 (A)		500		508
CME Group
3.000%, 09/15/2022 (A)		100		103
3.000%, 03/15/2025 (A)		1,000		1,047
Commonwealth Bank of Australia NY
2.550%, 03/15/2021 (A)		1,750		1,763
European Bank for Reconstruction & Development MTN
2.750%, 03/07/2023 (A)		750		777
European Investment Bank
2.625%, 03/15/2024 (A)		1,000		1,043
2.500%, 10/15/2024 (A)		1,000		1,042
2.375%, 06/15/2022 (A)		750		765
1.875%, 02/10/2025 (A)		500		506
European Investment Bank MTN
2.875%, 08/15/2023 (A)		1,000		1,046
HSBC Holdings
5.100%, 04/05/2021 (A)		250		261
Inter-American Development Bank MTN
1.750%, 09/14/2022 (A)		1,000		1,003
International Bank for Reconstruction & Development
2.500%, 03/19/2024 (A)		750		778
1.750%, 04/19/2023 (A)		1,000		1,004
KFW
2.000%, 10/04/2022 (A)		1,000		1,011
Kreditanstalt fuer Wiederaufbau
2.625%, 02/28/2024 (A)		1,000		1,042
2.500%, 11/20/2024 (A)		1,000		1,043
2.375%, 08/25/2021 (A)		1,000		1,012
2.375%, 12/29/2022 (A)		1,000		1,023
2.125%, 03/07/2022 (A)		500		506
2.125%, 06/15/2022 (A)		500		506
2.125%, 01/17/2023 (A)		1,250		1,270
2.000%, 09/29/2022 (A)		750		758
1.875%, 11/30/2020 (A)		1,000		1,001
1.500%, 06/15/2021 (A)		500		498
Landwirtschaftliche Rentenbank
2.375%, 06/10/2025 (A)		250		259
2.250%, 10/01/2021 (A)		1,000		1,010
2.000%, 01/13/2025 (A)		250		254
1.375%, 10/23/2019 (A)		500		500

  214   SEI Institutional Managed Trust / Annual Report / September 30, 2019

Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
Landwirtschaftliche Rentenbank MTN
1.750%, 07/27/2026 (A)	$	750	$	753
National Australia Bank
3.000%, 01/20/2023 (A)		200		205
1.875%, 07/12/2021 (A)		750		748
Nordic Investment Bank MTN
1.500%, 09/29/2020 (A)		1,000		996
Oesterreichische Kontrollbank
1.875%, 01/20/2021 (A)		750		750
Oesterreichische Kontrollbank MTN
2.875%, 03/13/2023 (A)		250		260
Svensk Exportkredit MTN
2.875%, 03/14/2023 (A)		1,000		1,039
Svenska Handelsbanken MTN
2.450%, 03/30/2021 (A)		1,000		1,006
Toronto-Dominion Bank MTN
2.125%, 04/07/2021 (A)		500		501
Wells Fargo Bank
3.550%, 08/14/2023 (A)		250		263
Wells Fargo Bank MTN
2.150%, 12/06/2019 (A)		500		500
Westpac Banking
4.875%, 11/19/2019 (A)		200		201
2.600%, 11/23/2020 (A)		1,000		1,006
2.000%, 08/19/2021 (A)		750		749
				40,573
Health Care — 0.1%
Johnson & Johnson
5.950%, 08/15/2037 (A)		300		426
3.375%, 12/05/2023 (A)		500		530
2.450%, 03/01/2026 (A)		1,000		1,017
Sanofi
4.000%, 03/29/2021 (A)		150		154
				2,127
Industrials — 0.0%
3M MTN
5.700%, 03/15/2037 (A)		150		197
GE Capital International Funding Unlimited Co
4.418%, 11/15/2035 (A)		750		785
				982
Information Technology — 0.2%
Apple Inc
2.850%, 02/23/2023 (A)		1,000		1,029
2.500%, 02/09/2022 (A)		500		508
2.400%, 05/03/2023 (A)		250		254
Automatic Data Processing
2.250%, 09/15/2020 (A)		500		501

Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
Microsoft
3.700%, 08/08/2046 (A)	$	500	$	569
3.300%, 02/06/2027 (A)		1,000		1,079
2.125%, 11/15/2022 (A)		500		507
				4,447
Utilities — 0.1%
Duke Energy Carolinas LLC
2.950%, 12/01/2026 (A)		1,000		1,036
Florida Power & Light
3.125%, 12/01/2025 (A)		1,000		1,056
Southern California Gas
5.125%, 11/15/2040 (A)		150		186
				2,278
Total Corporate Obligations
(Cost $56,555) ($ Thousands)				57,718
	Shares
EXCHANGE TRADED FUND — 0.8%
iShares iBoxx $ Investment Grade Corporate Bond ETF		174,608		22,259
Total Exchange Traded Fund
(Cost $20,240) ($ Thousands)				22,259
PREFERRED STOCK — 0.0%
Consumer Discretionary — 0.0%
Porsche Automobil Holding SE (F)		342		22
Volkswagen AG (F)		220		38
				60
Consumer Staples — 0.0%
Henkel AG & Co KGaA (F)		1,296		128
Health Care — 0.0%
Sartorius AG (F)		665		121
Materials — 0.0%
FUCHS PETROLUB SE (F)		1,520		57
Total Preferred Stock
(Cost $365) ($ Thousands)				366
Total Investments in Securities — 74.6%
(Cost $2,096,572) ($ Thousands)			$	2,150,027

  SEI Institutional Managed Trust / Annual Report / September 30, 2019   215

CONSOLIDATED SCHEDULE OF INVESTMENTS

September 30, 2019

Multi-Asset Accumulation Fund (Continued)

A list of the open futures contracts held by the Fund at September 30, 2019, is as follows:

Type of Contract	Number of Contracts Long (Short)	Expiration Date		Notional Amount (Thousands)			Value (Thousands)			Unrealized Appreciation/ (Depreciation) (Thousands)
Amsterdam Index	86		Oct-2019		$	10,914		$	10,879		$	113
Australian 10-Year Bond	2,195		Dec-2019			219,553			218,138			2,336
Bloomberg Commodity Index	759		Dec-2019			5,938			5,890			(48	)
Brent Crude	368		Nov-2019			21,784			21,804			20
Brent Crude	726		Nov-2019			44,181			42,456			(1,725	)
CAC40 10 Euro Index	445		Oct-2019			27,584			27,537			335
Canadian 10-Year Bond	2,054		Dec-2019			223,646			221,224			(3,280	)
Coffee C	118		Dec-2019			4,535			4,476			(59	)
Copper	70		Dec-2019			4,526			4,512			(14	)
Corn	165		Dec-2019			3,324			3,201			(123	)
Cotton No. 2^	98		Dec-2019			2,924			2,981			57
Cotton No. 2	101		Dec-2019			3,316			3,072			(244	)
DAX Index	73		Dec-2019			24,891			24,693			87
Euro STOXX 50	2,385		Dec-2019			92,325			92,435			1,208
Euro-Bob	787		Dec-2019			117,827			116,386			(805	)
Euro-BTP	442		Dec-2019			71,123			70,276			(32	)
Euro-Bund	3,714		Dec-2019			722,407			705,541			(7,945	)
Euro-Buxl 30 Year Bond	115		Dec-2019			28,073			27,269			(662	)
Feeder Cattle	21		Jan-2020			1,396			1,452			56
Feeder Cattle	63		Nov-2019			4,186			4,471			285
FTSE 100 Index	854		Dec-2019			77,675			77,704			839
FTSE MIB Index	233		Dec-2019			28,086			28,026			321
FTSE/JSE Top 40 Index	89		Dec-2019			3,137			2,895			(145	)
Gasoline^	93		Dec-2019			6,082			5,973			(109	)
Gasoline^	91		Oct-2019			5,722			5,987			265
Gasoline	47		Nov-2019			2,961			3,017			56
Gold	515		Dec-2019			74,514			75,854			1,340
Hang Seng China Enterprises Index	339		Nov-2019			22,173			22,076			(92	)
Hang Seng Index	55		Nov-2019			9,139			9,135			(1	)
Hang Seng Index	82		Nov-2019			13,619			13,620			3
IBEX	65		Oct-2019			6,451			6,542			180
Japanese 10-Year Bond	348		Dec-2019			501,499			499,162			618
Japanese 10-Year Bond	193		Dec-2019			279,335			276,834			(137	)
Japanese 10-Year Government Bond E-MINI	2,051		Dec-2019			296,868			294,038			(318	)
KC HRW Wheat	53		Dec-2019			1,113			1,100			(13	)
KOSPI 200 Index	309		Dec-2019			17,329			17,705			415
Lean Hogs	143		Dec-2019			3,683			4,153			470
Live Cattle	372		Jan-2020			15,459			16,413			954
LME Copper^	266		Dec-2019			38,972			38,063			(909	)
LME Lead	64		Dec-2019			3,210			3,420			210
LME Nickel	111		Dec-2019			9,465			11,365			1,900
LME Primary Aluminum^	226		Dec-2019			10,292			9,763			(529	)
LME Zinc	260		Dec-2019			15,566			15,545			(21	)
Long Gilt 10-Year Bond	932		Dec-2019			152,088			154,175			1,484
Low Sulphur Gasoil^	125		Dec-2019			7,344			7,247			(97	)
Low Sulphur Gasoil	55		Dec-2019			3,093			3,189			96
Low Sulphur Gasoil	64		Nov-2019			3,595			3,754			159
MSCI Emerging Markets	2,362		Dec-2019			121,826			118,324			(3,502	)
MSCI Taiwan Index	512		Nov-2019			20,631			20,844			213
Natural Gas^	399		Nov-2019			10,955			9,991			(964	)
NY Harbor ULSD^	36		Oct-2019			2,773			2,869			96
NY Harbor ULSD	39		Dec-2019			3,020			3,093			73
NY Harbor ULSD^	55		Dec-2019			4,435			4,362			(73	)

  216   SEI Institutional Managed Trust / Annual Report / September 30, 2019

Type of Contract	Number of Contracts Long (Short)			Expiration Date		Notional Amount (Thousands)		Value (Thousands)		Unrealized Appreciation/ (Depreciation) (Thousands)
NYMEX Cocoa		128			Dec-2019	$	3,048	$	3,126	$	78
NYMEX Cocoa		196			Mar-2020		4,837		4,814		(23)
OMX Stockholm 30		304			Oct-2019		5,176		5,095		(7)
Russell 2000 Index E-MINI		1,608			Dec-2019		127,124		122,610		(4,514)
S&P - Goldman Sachs Commodity Index		329			Oct-2019		33,715		33,241		(476)
S&P 500 Index E-MINI		3,760			Dec-2019		565,383		559,958		(5,425)
S&P Mid Cap 400 Index E-MINI		223			Dec-2019		43,852		43,217		(635)
S&P TSX 60 Index		76			Dec-2019		11,420		11,436		1
S&P TSX 60 Index		125			Dec-2019		18,813		18,809		(33)
Silver		361			Dec-2019		31,180		30,681		(499)
Soybean^		(59	)		Jan-2020		(2,654)		(2,712)		(58)
Soybean		370			Nov-2019		16,430		16,761		331
Soybean		1			Jan-2020		45		46		1
Soybean Meal		83			Dec-2019		2,518		2,498		(20)
Soybean Oil		802			Dec-2019		14,139		13,993		(146)
Soybean Oil		241			Dec-2019		4,150		4,205		55
SPI 200 Index		386			Dec-2019		44,110		43,489		109
Sugar No. 11		812			May-2020		10,992		11,504		512
TOPIX Index		448			Dec-2019		64,605		65,827		1,588
U.S. 2-Year Treasury Note		1			Jan-2020		216		216		—
U.S. 5-Year Interest Rate Swap		615			Dec-2019		62,075		61,572		(503)
U.S. 10-Year Interest Rate Swap		980			Dec-2019		98,702		97,388		(1,314)
U.S. 10-Year Treasury Note		7,564			Dec-2019		992,153		985,684		(6,469)
U.S. Long Treasury Bond		411			Dec-2019		67,534		66,710		(824)
Wheat		144			Dec-2019		3,518		3,569		51
WTI Crude Oil^		169			Oct-2019		9,153		9,138		(15)
WTI Crude Oil^		(4	)		Nov-2019		(220)		(216)		4
						$	5,638,577	$	5,587,590	$	(25,889)

A list of the open forward foreign currency contracts held by the Fund at September 30, 2019, is as follows:

Counterparty	Settlement Date			Currency to Deliver (Thousands)			Currency to Receive (Thousands)		Unrealized Appreciation (Depreciation) (Thousands)
Barclays PLC		10/30/19	GBP		49,599	USD		62,019	$	828
Barclays PLC		10/30/19	EUR		71,125	USD		78,863		1,140
BNP Paribas		10/30/19	EUR		34,463	USD		37,963		302
BNP Paribas		10/30/19	HKD		41,100	USD		5,246		—
Brown Brothers Harriman		10/30/19	USD		5	AUD		7		—
Brown Brothers Harriman		10/30/19	HKD		550	USD		70		—
Brown Brothers Harriman		10/30/19	GBP		6,600	USD		8,187		44
Citigroup		12/18/19	CHF		382	USD		391		6
Citigroup		12/18/19	USD		391	CHF		382		(5)
Citigroup		12/18/19	USD		598	GBP		480		(5)
Citigroup		12/18/19	USD		2,550	MXN		51,604		32
Citigroup		12/18/19	USD		1,475	HKD		11,565		2
Citigroup		12/18/19	USD		1,172	HKD		9,170		(1)
Citigroup		12/18/19	USD		3,987	HUF		1,174,750		(143)
Citigroup		12/18/19	USD		4,062	CLP		2,909,850		(57)
Citigroup		12/18/19	USD		2,377	CZK		56,200		2
Citigroup		12/18/19	USD		2,416	CZK		56,200		(37)
Citigroup		12/18/19	USD		8,349	EUR		7,503		(119)

  SEI Institutional Managed Trust / Annual Report / September 30, 2019   217

CONSOLIDATED SCHEDULE OF INVESTMENTS

September 30, 2019

Multi-Asset Accumulation Fund (Continued)

Counterparty	Settlement Date			Currency to Deliver (Thousands)			Currency to Receive (Thousands)		Unrealized Appreciation (Depreciation) (Thousands)
Citigroup		12/18/19	USD		12,443	RUB		830,450	$	220
Citigroup		12/18/19	USD		2,084	RUB		135,050		(24)
Citigroup		12/18/19	USD		17,482	PLN		68,800		(296)
Citigroup		12/18/19	USD		5,187	CNH		37,288		25
Citigroup		12/18/19	USD		13,340	CNH		94,863		(81)
Citigroup		12/18/19	USD		18,750	BRL		76,450		(477)
Citigroup		12/18/19	BRL		15,750	USD		3,810		45
Citigroup		12/18/19	BRL		3,150	USD		752		—
Citigroup		12/18/19	HKD		20,735	USD		2,643		(4)
Citigroup		12/18/19	USD		14,657	KRW		17,677,857		127
Citigroup		12/18/19	USD		6,081	KRW		7,221,118		(42)
Citigroup		12/18/19	USD		17,255	ZAR		267,300		197
Citigroup		12/18/19	USD		3,786	ZAR		56,300		(110)
Citigroup		12/18/19	USD		24,106	INR		1,757,900		542
Citigroup		12/18/19	ZAR		2,900	USD		191		2
Citigroup		12/18/19	ZAR		21,400	USD		1,380		(17)
Citigroup		12/18/19	GBP		13,664	USD		16,936		46
Citigroup		12/18/19	GBP		23,828	USD		29,192		(263)
Citigroup		12/18/19	PLN		37,450	USD		9,511		156
Citigroup		12/18/19	PLN		400	USD		100		—
Citigroup		12/18/19	CZK		40,700	USD		1,736		14
Citigroup		12/18/19	USD		30,820	MXN		624,386		418
Citigroup		12/18/19	USD		9,934	MXN		197,411		(57)
Citigroup		12/18/19	MXN		41,950	USD		2,116		17
Citigroup		12/18/19	MXN		43,200	USD		2,115		(46)
Citigroup		12/18/19	INR		115,700	USD		1,591		(32)
Citigroup		12/18/19	EUR		154,105	USD		171,700		2,663
Citigroup		12/18/19	HUF		1,044,800	USD		3,513		94
Citigroup		12/18/19	KRW		184,602	USD		155		1
Citigroup		12/18/19	KRW		875,323	USD		725		(6)
Citigroup		12/18/19	CLP		2,909,850	USD		4,062		58
JPMorgan Chase Bank		10/30/19	AUD		13,000	USD		8,783		7
JPMorgan Chase Bank		10/30/19	CAD		15,600	USD		11,760		(31)
JPMorgan Chase Bank		10/30/19	JPY		1,562,600	USD		14,583		90
JPMorgan Chase Bank		12/18/19	CHF		382	USD		391		5
JPMorgan Chase Bank		12/18/19	USD		391	CHF		382		(6)
JPMorgan Chase Bank		12/18/19	USD		598	GBP		480		(5)
JPMorgan Chase Bank		12/18/19	USD		2,377	CZK		56,200		2
JPMorgan Chase Bank		12/18/19	USD		2,416	CZK		56,200		(37)
JPMorgan Chase Bank		12/18/19	USD		2,550	MXN		51,604		31
JPMorgan Chase Bank		12/18/19	USD		1,475	HKD		11,564		1
JPMorgan Chase Bank		12/18/19	USD		1,172	HKD		9,171		(2)
JPMorgan Chase Bank		12/18/19	ZAR		2,900	USD		191		2
JPMorgan Chase Bank		12/18/19	USD		3,987	HUF		1,174,750		(143)
JPMorgan Chase Bank		12/18/19	USD		4,062	CLP		2,909,850		(57)
JPMorgan Chase Bank		12/18/19	USD		8,349	EUR		7,503		(120)
JPMorgan Chase Bank		12/18/19	USD		12,443	RUB		830,450		219
JPMorgan Chase Bank		12/18/19	USD		2,084	RUB		135,050		(25)
JPMorgan Chase Bank		12/18/19	USD		17,482	PLN		68,800		(296)

  218   SEI Institutional Managed Trust / Annual Report / September 30, 2019

Counterparty	Settlement Date			Currency to Deliver (Thousands)			Currency to Receive (Thousands)		Unrealized Appreciation (Depreciation) (Thousands)
JPMorgan Chase Bank		12/18/19	USD		5,187	CNH		37,288	$	24
JPMorgan Chase Bank		12/18/19	USD		13,340	CNH		94,863		(81)
JPMorgan Chase Bank		12/18/19	USD		18,750	BRL		76,450		(478)
JPMorgan Chase Bank		12/18/19	BRL		15,750	USD		3,810		45
JPMorgan Chase Bank		12/18/19	BRL		3,150	USD		752		(1)
JPMorgan Chase Bank		12/18/19	HKD		20,735	USD		2,643		(4)
JPMorgan Chase Bank		12/18/19	USD		14,657	KRW		17,677,857		126
JPMorgan Chase Bank		12/18/19	USD		6,081	KRW		7,221,118		(42)
JPMorgan Chase Bank		12/18/19	USD		17,255	ZAR		267,300		196
JPMorgan Chase Bank		12/18/19	USD		3,786	ZAR		56,300		(111)
JPMorgan Chase Bank		12/18/19	ZAR		21,400	USD		1,380		(17)
JPMorgan Chase Bank		12/18/19	USD		24,106	INR		1,757,900		541
JPMorgan Chase Bank		12/18/19	GBP		13,664	USD		16,936		45
JPMorgan Chase Bank		12/18/19	GBP		23,828	USD		29,192		(264)
JPMorgan Chase Bank		12/18/19	PLN		37,450	USD		9,511		156
JPMorgan Chase Bank		12/18/19	PLN		400	USD		100		—
JPMorgan Chase Bank		12/18/19	CZK		40,700	USD		1,736		13
JPMorgan Chase Bank		12/18/19	USD		30,820	MXN		624,386		417
JPMorgan Chase Bank		12/18/19	USD		9,934	MXN		197,411		(58)
JPMorgan Chase Bank		12/18/19	MXN		41,950	USD		2,116		17
JPMorgan Chase Bank		12/18/19	MXN		43,200	USD		2,115		(46)
JPMorgan Chase Bank		12/18/19	INR		115,700	USD		1,591		(31)
JPMorgan Chase Bank		12/18/19	EUR		154,104	USD		171,701		2,665
JPMorgan Chase Bank		12/18/19	HUF		1,044,800	USD		3,513		94
JPMorgan Chase Bank		12/18/19	KRW		184,602	USD		155		—
JPMorgan Chase Bank		12/18/19	KRW		875,323	USD		725		(7)
JPMorgan Chase Bank		12/18/19	CLP		2,909,850	USD		4,062		57
State Street		10/30/19	CHF		5,800	USD		5,898		64
									$	8,114

A list of the open OTC swap agreements held by the Fund at September 30, 2019 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)

JPMorgan Chase

Bovespa Index

Negative Price Return

Positive Price Return

At Maturity

10/16/2019

BRL

$

2,928

$

23

$

–

$

23

JPMorgan Chase

TAIEX Index

Negative Price Return

Positive Price Return

At Maturity

10/16/2019

TWD

11,398

(23

)

–

(23

)

Bank of America

Bovespa Index

Negative Price Return

Positive Price Return

At Maturity

10/16/2019

BRL

19,157

166

–

166

Bank of America

Hang Seng Index

Negative Price Return

Positive Price Return

At Maturity

10/30/2019

HKD

7,655

(13

)

–

(13

)

Bank of America

Hang Seng Index

Negative Price Return

Positive Price Return

At Maturity

10/30/2019

HKD

30,233

(76

)

–

(76

)

JPMorgan Chase

Hang Seng Index

Negative Price Return

Positive Price Return

At Maturity

10/30/2019

HKD

22,722

(55

)

–

(55

)

Merrill Lynch

SGX Nifty 50

Negative Price Return

Positive Price Return

At Maturity

10/31/2019

USD

6,398

(52

)

–

(52

)

Citigroup

Soybean^

Negative Price Return

Positive Price Return

At Maturity

11/14/2019

USD

9,409

376

–

376

JPMorgan Chase

KOSPI Index

Negative Price Return

Positive Price Return

At Maturity

12/12/2019

KRW

21,465

444

–

444

Citigroup

NYMEX Cocoa^

Negative Price Return

Positive Price Return

At Maturity

12/13/2019

USD

200

(4

)

–

(4

)

Bank of America

Live Hogs^

Negative Price Return

Positive Price Return

At Maturity

12/13/2019

USD

28

1

–

1

Bank of America

NYMEX Cocoa^

Negative Price Return

Positive Price Return

At Maturity

12/13/2019

USD

74

(1

)

–

(1

)

Citigroup

Coffee C^

Negative Price Return

Positive Price Return

At Maturity

12/18/2019

USD

156

(4

)

–

(4

)

JPMorgan Chase

Swiss Market

Negative Price Return

Positive Price Return

At Maturity

12/20/2019

CHF

5,707

56

–

56

Bank of America

Swiss Market

Negative Price Return

Positive Price Return

At Maturity

12/20/2019

CHF

39,320

310

–

310

Merrill Lynch

Live Cattle^

Negative Price Return

Positive Price Return

At Maturity

12/31/2019

USD

2,135

160

–

160

  SEI Institutional Managed Trust / Annual Report / September 30, 2019   219

CONSOLIDATED SCHEDULE OF INVESTMENTS

September 30, 2019

Multi-Asset Accumulation Fund (Concluded)

Counterparty

Reference Entity/ Obligation

Fund Pays

Fund Receives

Payment Frequency

Termination Date

Currency

Value ($ Thousands)

Upfront Payments ($ Thousands)

Net Unrealized ($

Citigroup

Soybean^

Negative Price Return

Positive Price Return

At Maturity

01/14/2020

USD

$

1,881

50

$

–

$

50

Bank of America

Sugar No. 11^

Negative Price Return

Positive Price Return

At Maturity

02/28/2020

USD

107

6

–

6

Citigroup

Sugar No. 11^

Negative Price Return

Positive Price Return

At Maturity

02/28/2020

USD

13

1

–

1

$

1,365

$

–

$

1,365

A list of the open centrally cleared swap agreements held by the Fund at September 30, 2019 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)
3 MONTH USD - LIBOR		2.50	%		Semi-Annually		12/18/2021		USD		39,500	$	735	$	494	$	241
3 MONTH USD - LIBOR		2.50	%		Semi-Annually		12/18/2021		USD		80,000		1,272		1,556		(284	)
3 MONTH USD - LIBOR		1.75	%		Semi-Annually		03/18/2022		USD		534,200		2,894		1,989		905
3 MONTH USD - LIBOR		2.50	%		Semi-Annually		12/18/2024		USD		116,694		5,729		3,691		2,038
3 MONTH USD - LIBOR		2.50	%		Semi-Annually		12/18/2024		USD		16,000		748		801		(53	)
												$	11,378	$	8,531	$	2,847

Percentages are based on Net Assets of $2,880,438 ($ 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, 2019.

(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, 2019, the value of these securities amounted to $27,115 ($ Thousands), representing 0.9% of the Net Assets of the Fund.

(D) Securities considered illiquid. The total value of such securities as of September 30, 2019 was $68 ($ Thousands) and represented 0.0% of the Net Assets of the Fund (See Note 2).

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

(F) There is currently no rate available.

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

ADR — American Depositary Receipt

AUD — Australian Dollar

BRL — Brazilian Real

CAD — Canadian Dollar

CHF — Swiss Franc

Cl — Class

CLP — Chilean Peso

CNH — Chinese Yuan Offshore

CZK — Czech Koruna

DAX — German Stock Index

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

INR — Indian Rupee

JPY — Japanese Yen

JSE — Johannesburg Stock Exchange

KC HRW — Kansas City Hard Red Winter

KOSPI — Korea Composite Stock Price Index

KRW — Korean Won

LIBOR — London Interbank Offered Rate

LLC — Limited Liability Company

LME — London Metal Exchange

Ltd. — Limited

MSCI — Morgan Stanley Capital International

MTN — Medium Term Note

MXN — Mexican Peso

NYMEX — New York Mercantile Exchange

OMX — Offset Market Exchange

OTC — Over the Counter

PLC — Public Limited Company

PLN — Polish Zloty

RUB — Russian Ruble

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

TWD — Taiwan Dollar

ULC — Unlimited Liability Company

ULSD — Ultra-Low Sulfur Diesel

USD — United States Dollar

ZAR — South African Rand

  220   SEI Institutional Managed Trust / Annual Report / September 30, 2019

The following is a list of the level of inputs used as of September 30, 2019, 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		–		1,426,105		–			1,426,105
Sovereign Debt		–		430,688		–			430,688
Foreign Common Stock		107,543		–		–(1	)		107,543
Common Stock		105,348		–		–			105,348
Corporate Obligations		–		57,718		–			57,718
Exchange Traded Fund		22,259		–		–			22,259
Preferred Stock		366		–		–			366
Total Investments in Securities		235,516		1,914,511		–			2,150,027
Other Financial Instruments	Level 1 ($)		Level 2 ($)		Level 3 ($)			Total ($)
Futures Contracts*
Unrealized Appreciation		16,919		–		–			16,919
Unrealized Depreciation		(42,808)		–		–			(42,808)
Forwards Contracts*
Unrealized Appreciation		–		11,798		–			11,798
Unrealized Depreciation		–		(3,684)		–			(3,684)
OTC Swaps
Total Return Swaps*
Unrealized Appreciation		–		1,593		–			1,593
Unrealized Depreciation		–		(228)		–			(228)
Centrally Cleared Swaps
Interest Rate Swaps*
Unrealized Appreciation		–		3,184		–			3,184
Unrealized Depreciation		–		(337)		–			(337)
Total Other Financial Instruments		(25,889)		12,326		–			(13,563)

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

(1) One security with a market value of $0.

For the year ended September 30, 2019, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the year ended September 30, 2019, there were no transfers between Level 2 and Level 3 assets and liabilities.

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

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

  SEI Institutional Managed Trust / Annual Report / September 30, 2019   221

SCHEDULE OF INVESTMENTS

September 30, 2019

Multi-Asset Income Fund

Sector Weightings (Unaudited)^†:

^†Percentages are based on total investments.

Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS — 43.3%
Communication Services — 6.0%
Altice France
7.375%, 05/01/2026 (A)	$	2,200	$	2,359
Altice Luxembourg
10.500%, 05/15/2027 (A)		1,180		1,330
AMC Entertainment Holdings
5.750%, 06/15/2025		1,000		953
AMC Networks
5.000%, 04/01/2024		400		412
American Media
10.500%, 12/31/2026		1,420		1,527
AT&T
4.250%, 03/01/2027		900		979
4.125%, 02/17/2026		400		432
3.600%, 07/15/2025		525		553
3.400%, 05/15/2025		750		782
CCO Holdings
5.750%, 02/15/2026 (A)		675		714
5.125%, 02/15/2023		130		132
5.000%, 02/01/2028 (A)		1,640		1,695
CenturyLink
5.800%, 03/15/2022		1,200		1,265
Charter Communications Operating
5.375%, 04/01/2038		250		279
5.125%, 07/01/2049		300		319
4.908%, 07/23/2025		2,700		2,962
4.200%, 03/15/2028		170		179
Clear Channel Worldwide Holdings
9.250%, 02/15/2024 (A)		426		468
Cogent Communications Group
5.375%, 03/01/2022 (A)		430		447

Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
Comunicaciones Celulares Via Comcel Trust
6.875%, 02/06/2024	$	200	$	206
Connect Finco SARL
6.750%, 10/01/2026 (A)		1,050		1,070
Diamond Sports Group
6.625%, 08/15/2027 (A)		280		291
5.375%, 08/15/2026 (A)		670		695
Digicel
6.000%, 04/15/2021		600		423
Digicel Group One
8.250%, 12/30/2022 (A)		61		36
Digicel Group Two
8.250%, 09/30/2022 (A)		263		54
DISH DBS
7.750%, 07/01/2026		2,600		2,645
6.750%, 06/01/2021		1,850		1,947
DISH Network
3.375%, 08/15/2026		490		449
Entercom Media
6.500%, 05/01/2027 (A)		1,050		1,097
Fox
5.476%, 01/25/2039 (A)		210		257
4.709%, 01/25/2029 (A)		40		46
4.030%, 01/25/2024 (A)		300		319
Frontier Communications
10.500%, 09/15/2022		595		275
8.500%, 04/01/2026 (A)		800		800
Intelsat Jackson Holdings
9.750%, 07/15/2025 (A)		650		679
Level 3 Financing
5.625%, 02/01/2023		1,150		1,164
4.625%, 09/15/2027 (A)		1,616		1,631
Match Group
5.000%, 12/15/2027 (A)		880		913
Mauritius Investments
6.500%, 10/13/2026 (A)		320		350
4.755%, 11/11/2024		400		405
Meredith
6.875%, 02/01/2026		525		534
Millicom International Cellular
6.625%, 10/15/2026 (A)		440		478
6.250%, 03/25/2029 (A)		530		579
5.125%, 01/15/2028 (A)		280		292
Myriad International Holdings BV
4.850%, 07/06/2027 (A)		1,140		1,258
National CineMedia
5.750%, 08/15/2026		500		485
Netflix
6.375%, 05/15/2029 (A)		680		753
5.875%, 11/15/2028		560		608
4.875%, 04/15/2028		800		814

222 SEI Institutional Managed Trust / Annual Report / September 30, 2019

Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
Nexstar Broadcasting
5.625%, 08/01/2024 (A)	$	1,150	$	1,197
Outfront Media Capital
5.000%, 08/15/2027 (A)		145		152
Scripps (Escrow Security)
5.875%, 07/15/2027 (A)		450		457
Sirius XM Radio
5.375%, 04/15/2025 (A)		400		415
4.625%, 07/15/2024 (A)		120		124
SoftBank Group
6.000%, VAR USD ICE Swap 11:00 NY 5 Yr+4.226%, 01/19/2168		200		185
Sprint
7.875%, 09/15/2023		950		1,044
7.625%, 03/01/2026		1,360		1,501
Sprint Capital
8.750%, 03/15/2032		650		802
6.875%, 11/15/2028		260		283
Sprint Communications
11.500%, 11/15/2021		650		755
6.000%, 11/15/2022		1,450		1,540
Telecom Argentina
6.500%, 06/15/2021 (A)		140		127
Telecom Italia
5.303%, 05/30/2024 (A)		2,920		3,149
Telecom Italia Capital
6.000%, 09/30/2034		500		533
T-Mobile USA
4.750%, 02/01/2028		570		596
4.500%, 02/01/2026		600		618
0.000%, 03/01/2025 (B)(I)		300		–
0.000%, 01/15/2026 (B)(I)		600		–
Univision Communications
5.125%, 05/15/2023 (A)		2,900		2,909
UPC Holding BV
5.500%, 01/15/2028 (A)		330		342
Verizon Communications
3.376%, 02/15/2025		1,111		1,172
Virgin Media Secured Finance
5.000%, 04/15/2027	GBP	800		1,038
Vodafone Group
3.750%, 01/16/2024	$	800		842
				59,121
Consumer Discretionary — 3.9%
1011778 BC ULC / New Red Finance
4.250%, 05/15/2024 (A)		880		905
3.875%, 01/15/2028 (A)		120		121
Allied Universal Holdco
6.625%, 07/15/2026 (A)		1,390		1,468
Altice Financing
7.500%, 05/15/2026 (A)		1,740		1,849

Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
American Axle & Manufacturing
6.500%, 04/01/2027	$	420	$	400
6.250%, 04/01/2025		1,300		1,263
Boyd Gaming
6.000%, 08/15/2026		250		264
CalAtlantic Group
5.250%, 06/01/2026		330		327
Carriage Services
6.625%, 06/01/2026 (A)		840		861
CSC Holdings
6.500%, 02/01/2029 (A)		2,370		2,634
5.750%, 01/15/2030 (A)		1,525		1,594
Delphi Technologies
5.000%, 10/01/2025 (A)		650		575
eG Global Finance
6.750%, 02/07/2025 (A)		928		906
ESH Hospitality
4.625%, 10/01/2027 (A)		420		422
Europcar Mobility Group
4.125%, 11/15/2024 (A)	EUR	650		728
Ford Motor Credit
5.875%, 08/02/2021	$	550		576
Ford Motor Credit LLC
3.219%, 01/09/2022		200		200
General Motors
4.000%, 04/01/2025		250		257
General Motors Financial
5.650%, 01/17/2029		175		193
Getty Images
9.750%, 03/01/2027 (A)		100		101
Gohl Capital
4.250%, 01/24/2027		320		334
GrubHub Holdings
5.500%, 07/01/2027 (A)		300		306
Hanesbrands
4.875%, 05/15/2026 (A)		1,130		1,194
Hilton Domestic Operating
5.125%, 05/01/2026		380		399
Hilton Worldwide Finance
4.875%, 04/01/2027		740		779
iHeartCommunications
6.375%, 05/01/2026		400		432
5.250%, 08/15/2027 (A)		250		260
Installed Building Products
5.750%, 02/01/2028 (A)		450		464
IRB Holding
6.750%, 02/15/2026 (A)		435		437
Jack Ohio Finance
10.250%, 11/15/2022 (A)		770		815
L Brands
5.625%, 10/15/2023		200		210
5.250%, 02/01/2028		1,440		1,340

SEI Institutional Managed Trust / Annual Report / September 30, 2019 223

SCHEDULE OF INVESTMENTS

September 30, 2019

Multi-Asset Income Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
Las Vegas Sands
3.200%, 08/08/2024	$	500	$	509
Lennar
4.750%, 11/29/2027		570		611
Levi Strauss
5.000%, 05/01/2025		140		145
MGM China Holdings
5.875%, 05/15/2026 (A)		240		251
5.375%, 05/15/2024 (A)		200		208
MGM Resorts International
6.000%, 03/15/2023		1,450		1,597
Mohegan Gaming & Entertainment
7.875%, 10/15/2024 (A)		500		479
NCL
4.750%, 12/15/2021 (A)		530		539
Panther BF Aggregator 2
6.250%, 05/15/2026 (A)		850		895
PetSmart
7.125%, 03/15/2023 (A)		1,150		1,081
Pinewood Finance
3.250%, 09/30/2025 (A)	GBP	400		503
Sally Holdings
5.625%, 12/01/2025	$	400		407
Sands China
5.125%, 08/08/2025		700		769
Scientific Games International
10.000%, 12/01/2022		244		254
8.250%, 03/15/2026 (A)		700		743
5.000%, 10/15/2025 (A)		1,550		1,599
Silversea Cruise Finance
7.250%, 02/01/2025 (A)		600		641
Starbucks
3.800%, 08/15/2025		875		947
Viking Cruises
5.875%, 09/15/2027 (A)		1,000		1,060
VOC Escrow
5.000%, 02/15/2028 (A)		1,970		2,034
WW International
8.625%, 12/01/2025 (A)		620		643
				38,529
Consumer Staples — 1.6%
Albertsons
5.875%, 02/15/2028 (A)		475		503
Altria Group
5.950%, 02/14/2049		300		353
4.800%, 02/14/2029		380		416
4.400%, 02/14/2026		135		144
3.800%, 02/14/2024		875		915
Anheuser-Busch
3.650%, 02/01/2026		3,450		3,696

Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
Anheuser-Busch InBev Finance
3.300%, 02/01/2023	$	1,049	$	1,089
Anheuser-Busch InBev Worldwide
5.550%, 01/23/2049		1,350		1,767
Central American Bottling
5.750%, 01/31/2027 (A)		180		191
Constellation Brands
4.400%, 11/15/2025		325		359
3.150%, 08/01/2029		600		612
H-Food Holdings
8.500%, 06/01/2026 (A)		500		372
HLF Financing Sarl
7.250%, 08/15/2026 (A)		450		454
Kraft Heinz Foods
3.750%, 04/01/2030 (A)		250		252
Lamb Weston Holdings
4.875%, 11/01/2026 (A)		720		754
Lindley
4.625%, 04/12/2023		190		200
Performance Food Group
5.500%, 06/01/2024 (A)		300		306
5.500%, 10/15/2027 (A)		450		474
Post Holdings
5.750%, 03/01/2027 (A)		600		636
5.625%, 01/15/2028 (A)		800		848
Prosperous Ray
4.625%, 11/12/2023		500		535
Reynolds American
4.450%, 06/12/2025		125		133
Spectrum Brands
5.000%, 10/01/2029 (A)		205		209
				15,218
Energy — 8.3%
Antero Resources
5.125%, 12/01/2022		1,050		923
Berry Petroleum
7.000%, 02/15/2026 (A)		1,000		958
Blue Racer Midstream
6.625%, 07/15/2026 (A)		480		474
BP Capital Markets America
3.224%, 04/14/2024		1,025		1,066
Buckeye Partners
4.350%, 10/15/2024		245		239
4.125%, 12/01/2027		90		79
3.950%, 12/01/2026		435		383
Cheniere Corpus Christi Holdings
7.000%, 06/30/2024		250		288
5.125%, 06/30/2027		850		930
Cheniere Energy Partners
5.250%, 10/01/2025		635		659
4.500%, 10/01/2029 (A)		1,285		1,315

224 SEI Institutional Managed Trust / Annual Report / September 30, 2019

Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
Chesapeake Energy
8.000%, 01/15/2025	$	475	$	343
8.000%, 06/15/2027		1,050		714
7.000%, 10/01/2024		50		36
6.125%, 02/15/2021		370		364
Continental Resources
4.500%, 04/15/2023		650		675
4.375%, 01/15/2028		100		103
Covey Park Energy
7.500%, 05/15/2025 (A)		1,090		872
DCP Midstream Operating
6.750%, 09/15/2037 (A)		770		810
6.450%, 11/03/2036 (A)		115		120
5.375%, 07/15/2025		1,000		1,065
Devon Energy
5.850%, 12/15/2025		1,021		1,214
5.000%, 06/15/2045		200		231
Diamondback Energy Inc
4.750%, 11/01/2024		2,415		2,472
Endeavor Energy Resources
5.500%, 01/30/2026 (A)		400		416
Energy Transfer Operating
4.200%, 09/15/2023		3,225		3,389
Ensign Drilling
9.250%, 04/15/2024 (A)		900		841
Enterprise Products Operating
4.909%, VAR ICE LIBOR USD 3 Month+2.778%, 06/01/2067		395		366
3.750%, 02/15/2025		500		532
3.700%, 02/15/2026		300		319
EQM Midstream Partners
4.750%, 07/15/2023		1,474		1,479
Eterna Capital Pte
8.000%, 12/11/2022		42		30
Exterran Energy Solutions
8.125%, 05/01/2025		700		697
Extraction Oil & Gas
7.375%, 05/15/2024 (A)		90		59
5.625%, 02/01/2026 (A)		930		570
Gazprom OAO Via Gaz Capital
5.150%, 02/11/2026 (A)		940		1,023
4.950%, 03/23/2027 (A)		800		864
Gazprom OAO Via Gaz Capital MTN
7.288%, 08/16/2037		300		397
Genesis Energy
6.000%, 05/15/2023		990		994
GNL Quintero
4.634%, 07/31/2029		400		429
Gulfport Energy
6.375%, 05/15/2025		1,800		1,278
KazMunayGas National JSC
4.750%, 04/19/2027 (A)		1,100		1,190

Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
KazTransGas JSC
4.375%, 09/26/2027 (A)	$	1,190	$	1,247
Lukoil International Finance BV
4.563%, 04/24/2023		220		232
Marathon Petroleum
3.800%, 04/01/2028		325		339
3.625%, 09/15/2024		350		366
MEG Energy
7.000%, 03/31/2024 (A)		2,160		2,084
Montage Resources
8.875%, 07/15/2023		1,480		1,132
MPLX
4.800%, 02/15/2029		250		276
4.000%, 03/15/2028		950		990
Newfield Exploration
5.625%, 07/01/2024		650		717
NGL Energy Partners
7.500%, 11/01/2023		1,150		1,170
NGPL PipeCo
7.768%, 12/15/2037 (A)		1,300		1,684
Noble Energy
3.250%, 10/15/2029		450		446
Noble Holding International
6.050%, 03/01/2041		900		382
Northern Oil and Gas
8.500% cash/0% PIK, 05/15/2023		760		783
Oasis Petroleum
6.875%, 03/15/2022		650		606
6.875%, 01/15/2023		1,670		1,528
Occidental Petroleum
6.600%, 03/15/2046		180		235
5.550%, 03/15/2026		725		818
4.400%, 08/15/2049		300		308
3.637%, VAR ICE LIBOR USD 3 Month+1.450%, 08/15/2022		725		730
3.200%, 08/15/2026		375		378
2.900%, 08/15/2024		2,040		2,055
Petrobras Global Finance BV
6.900%, 03/19/2049		220		252
5.750%, 02/01/2029		400		441
5.299%, 01/27/2025		3,160		3,449
5.093%, 01/15/2030 (A)		1,731		1,806
Petroleos de Venezuela
6.000%, 10/28/2022 (C)(D)		8,860		532
6.000%, 05/16/2024 (C)(D)		3,790		303
6.000%, 11/15/2026 (C)(D)		1,110		89
5.500%, 04/12/2037 (C)(D)		130		10
5.375%, 04/12/2027 (C)(D)		2,570		206
Petroleos Mexicanos
7.690%, 01/23/2050 (A)		796		830
6.625%, 06/15/2035		30		29
6.500%, 03/13/2027		470		488

SEI Institutional Managed Trust / Annual Report / September 30, 2019 225

SCHEDULE OF INVESTMENTS

September 30, 2019

Multi-Asset Income Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
6.490%, 01/23/2027 (A)	$	380	$	397
6.350%, 02/12/2048		310		285
Petroleos Mexicanos MTN
6.750%, 09/21/2047		20		19
5.125%, 03/15/2023	EUR	1,040		1,245
Phillips
66 3.900%, 03/15/2028	$	525		567
Plains All American Pipeline
4.500%, 12/15/2026		400		424
3.650%, 06/01/2022		1,700		1,744
3.600%, 11/01/2024		175		179
QEP Resources
5.625%, 03/01/2026		1,300		1,122
Range Resources
5.875%, 07/01/2022		100		95
5.000%, 03/15/2023		1,450		1,269
Reliance Industries
3.667%, 11/30/2027 (A)		490		512
ReNew Power Synthetic
6.670%, 03/12/2024		200		203
Rockies Express Pipeline
7.500%, 07/15/2038 (A)		840		937
Sabine Pass Liquefaction
6.250%, 03/15/2022		700		754
5.625%, 03/01/2025		800		898
SemGroup
5.625%, 11/15/2023		150		153
Shelf Drilling Holdings
8.250%, 02/15/2025 (A)		870		739
SM Energy
6.750%, 09/15/2026		200		175
5.000%, 01/15/2024		1,075		965
Sunoco
5.500%, 02/15/2026		240		250
Targa Resources Partners
6.875%, 01/15/2029 (A)		680		743
6.500%, 07/15/2027 (A)		400		436
5.250%, 05/01/2023		1,000		1,009
Total Capital International
2.829%, 01/10/2030		1,350		1,387
Transocean
7.500%, 01/15/2026 (A)		500		445
Transocean Sentry
5.375%, 05/15/2023 (A)		750		749
Transportadora de Gas del Sur
6.750%, 05/02/2025 (A)		1,250		1,094
Western Midstream Operating
5.450%, 04/01/2044		440		390
4.000%, 07/01/2022		200		203
Whiting Petroleum
6.250%, 04/01/2023		950		731
5.750%, 03/15/2021		100		96

Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
Williams
8.750%, 03/15/2032	$	200	$	288
WPX Energy
8.250%, 08/01/2023		300		338
5.750%, 06/01/2026		200		205
5.250%, 10/15/2027		250		251
YPF
8.500%, 03/23/2021 (A)		1,920		1,677
				81,121
Financials — 7.9%
AIA Group
3.900%, 04/06/2028 (A)		475		516
AIA Group MTN
3.200%, 03/11/2025 (A)		425		438
AIB Group MTN
4.750%, 10/12/2023 (A)		550		582
Akbank T.A.S.
6.797%, VAR USD Swap Semi 30/360 5 Yr Curr+4.029%, 04/27/2028		200		179
American International Group
4.200%, 04/01/2028		275		300
3.900%, 04/01/2026		325		346
Arch Capital Finance
4.011%, 12/15/2026		1,025		1,121
Avolon Holdings Funding
5.125%, 10/01/2023 (A)		690		732
Banco Bilbao Vizcaya Argentaria
5.875%, VAR EUR Swap Annual 5 Yr+5.660%, 12/24/2167	EUR	800		922
Banco de Bogota
6.250%, 05/12/2026 (A)	$	780		881
Banco de Credito del Peru
2.700%, 01/11/2025 (A)		590		590
Banco de Sabadell
6.500%, VAR EUR Swap Annual 5 Yr+6.414%, 08/18/2168	EUR	800		870
Banco do Brasil
9.000%, VAR US Treas Yield Curve Rate T Note Const Mat 10 Yr+6.362%, 06/29/2049	$	200		224
6.250%, VAR US Treas Yield Curve Rate T Note Const Mat 10 Yr+4.398%, 10/15/2167		1,140		1,123
Banco Mercantil del Norte
7.625%, VAR US Treas Yield Curve Rate T Note Const Mat 10 Yr+5.353%, 10/06/2167 (A)		200		204
7.500%, VAR US Treas Yield Curve Rate T Note Const Mat 10 Yr+5.470%, 09/27/2167 (A)		250		253

226 SEI Institutional Managed Trust / Annual Report / September 30, 2019

Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
6.750%, VAR US Treas Yield Curve Rate T Note Const Mat 5 Yr+4.967%, 09/27/2167 (A)	$	420	$	420
Banco Santander
4.250%, 04/11/2027		400		428
3.306%, 06/27/2029		400		413
Banco Santander Mexico Institucion de Banca Multiple Grupo Financiero Santand
4.125%, 11/09/2022		200		208
Bank of America
6.250%, VAR ICE LIBOR USD 3 Month+3.705%, 03/05/2168		150		163
3.419%, VAR ICE LIBOR USD 3 Month+1.040%, 12/20/2028		515		538
Bank of America MTN
4.200%, 08/26/2024		550		590
3.824%, VAR ICE LIBOR USD 3 Month+1.575%, 01/20/2028		1,525		1,637
2.816%, VAR ICE LIBOR USD 3 Month+0.930%, 07/21/2023		575		584
Barclays
8.000%, VAR US Treas Yield Curve Rate T Note Const Mat 5 Yr+5.672%, 09/15/2168		1,370		1,457
7.750%, VAR USD Swap Semi 30/360 5 Yr Curr+4.842%, 12/15/2167		370		385
7.625%, 11/21/2022		350		386
7.125%, VAR UK Govt Bonds 5 Year Note Generic Bid Yield+6.579%, 09/15/2168	GBP	700		913
5.088%, VAR ICE LIBOR USD 3 Month+3.054%, 06/20/2030	$	200		209
4.610%, VAR ICE LIBOR USD 3 Month+1.400%, 02/15/2023		1,225		1,272
BBVA Bancomer
5.125%, VAR US Treas Yield Curve Rate T Note Const Mat 5 Yr+2.650%, 01/18/2033 (A)		410		391
BNP Paribas
7.375%, VAR USD Swap Semi 30/360 5 Yr Curr+5.150%, 02/19/2168 (A)		400		447
3.375%, 01/09/2025 (A)		1,000		1,033
BPCE
4.625%, 09/12/2028 (A)		500		562
4.000%, 09/12/2023 (A)		950		1,001
China Evergrande Group
8.250%, 03/23/2022		200		179
CIT Group
6.125%, 03/09/2028		195		228
5.250%, 03/07/2025		185		202
Citigroup
6.300%, VAR ICE LIBOR USD 3 Month+3.423%, 11/15/2167		1,250		1,328

Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
5.950%, VAR ICE LIBOR USD 3 Month+3.905%, 11/15/2167	$	124	$	131
5.950%, VAR ICE LIBOR USD 3 Month+4.095%, 08/15/2020		700		715
5.900%, VAR ICE LIBOR USD 3 Month+4.230%, 08/15/2168		675		702
4.125%, 07/25/2028		650		698
3.700%, 01/12/2026		825		876
3.400%, 05/01/2026		1,675		1,749
Comerica Bank
2.500%, 07/23/2024		1,075		1,085
Cooperatieve Rabobank UA
4.625%, VAR EUR Swap Annual 5 Yr+4.098%, 12/29/2167	EUR	1,400		1,656
Country Garden Holdings
7.250%, 04/04/2021	$	500		501
Credit Agricole
8.125%, VAR USD Swap Semi 30/360 5 Yr Curr+6.185%, 03/23/2168 (A)		250		294
6.500%, VAR EUR Swap Annual 5 Yr+5.120%, 06/23/2168	EUR	490		577
Credit Bank of Moscow Via CBOM Finance
7.500%, VAR USD Swap Semi 30/360 5 Yr Curr+5.416%, 10/05/2027	$	470		421
Credit Suisse Group
7.500%, VAR USD Swap Semi 30/360 5 Yr Curr+4.600%, 01/17/2168 (A)		410		438
7.250%, VAR USD Swap Semi 30/360 5 Yr Curr+4.332%, 03/12/2168 (A)		200		214
6.250%, VAR USD Swap Semi 30/360 5 Yr Curr+3.455%, 12/18/2167 (A)		200		212
3.869%, VAR ICE LIBOR USD 3 Month+1.410%, 01/12/2029 (A)		600		631
Credit Suisse Group Funding Guernsey
4.550%, 04/17/2026		802		881
Danske Bank
5.750%, VAR EUR Swap Annual 6 Yr+4.640%, 10/06/2167	EUR	550		608
5.375%, 01/12/2024 (A)	$	210		231
5.000%, 01/12/2022 (A)		200		210
Deutsche Bank
4.500%, 04/01/2025		950		914
Deutsche Bank NY
4.875%, VAR USD ICE Swap 11:00 NY 5 Yr+2.553%, 12/01/2032		1,200		1,086
Donnelley Financial Solutions
8.250%, 10/15/2024		200		207
Easy Tactic
8.125%, 02/27/2023		200		192
8.125%, 07/11/2024		240		226
Global Aircraft Leasing
6.500% cash/0% PIK, 09/15/2024 (A)		2,575		2,607

SEI Institutional Managed Trust / Annual Report / September 30, 2019 227

SCHEDULE OF INVESTMENTS

September 30, 2019

Multi-Asset Income Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
Goldman Sachs Group
5.150%, 05/22/2045	$	400	$	475
HSBC Holdings
5.250%, VAR EUR Swap Annual 5 Yr+4.383%, 03/16/2168	EUR	700		820
3.803%, VAR ICE LIBOR USD 3 Month+1.211%, 03/11/2025	$	700		730
Huarong Finance 2017
4.500%, VAR US Treas Yield Curve Rate T Note Const Mat 5 Yr+7.773%, 07/24/2168		200		202
Huarong Finance 2017 MTN
4.000%, VAR US Treas Yield Curve Rate T Note Const Mat 5 Yr+6.983%, 05/07/2168		310		310
Huarong Finance 2019 MTN
3.750%, 05/29/2024		540		551
Huarong Finance II MTN
5.000%, 11/19/2025		210		226
4.625%, 06/03/2026		200		211
HUB International
7.000%, 05/01/2026 (A)		435		447
Huntington Bancshares
2.625%, 08/06/2024		1,350		1,363
ICICI Bank
5.750%, 11/16/2020		420		433
Intesa Sanpaolo MTN
5.710%, 01/15/2026 (A)		3,080		3,272
5.017%, 06/26/2024 (A)		500		515
JPMorgan Chase & Co
5.419%, VAR ICE LIBOR USD 3 Month+3.320%, 01/01/2168		900		900
5.300%, VAR ICE LIBOR USD 3 Month+3.800%, 11/01/2167		800		809
Kaisa Group Holdings
8.500%, 06/30/2022		200		181
Lloyds Banking Group
6.375%, VAR EUR Swap Annual 5 Yr+5.290%, 06/27/2168	EUR	1,000		1,121
Morgan Stanley
5.550%, VAR ICE LIBOR USD 3 Month+3.810%, 07/15/2020	$	1,050		1,064
3.625%, 01/20/2027		900		953
Morgan Stanley MTN
3.950%, 04/23/2027		1,100		1,164
3.700%, 10/23/2024		2,675		2,832
2.720%, VAR United States Secured Overnight Financing Rate+1.152%, 07/22/2025		475		480
Nationwide Building Society
3.960%, VAR ICE LIBOR USD 3 Month+1.855%, 07/18/2030 (A)		450		470

Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
Navient
6.625%, 07/26/2021	$	1,100	$	1,155
NE Property BV
3.750%, 02/26/2021	EUR	200		228
Oversea-Chinese Banking MTN
4.250%, 06/19/2024	$	800		849
Quicken Loans
5.750%, 05/01/2025 (A)		1,810		1,867
Refinitiv US Holdings
8.250%, 11/15/2026 (A)		750		828
Royal Bank of Scotland Group
4.424%, VAR ICE LIBOR USD 3 Month+2.320%, 09/30/2027		1,000		942
3.498%, VAR ICE LIBOR USD 3 Month+1.480%, 05/15/2023		700		709
Royal Bank of Scotland Group PLC
8.000%, VAR USD Swap Semi 30/360 5 Yr Curr+5.720%, 09/30/2167		750		827
Springleaf Finance
6.625%, 01/15/2028		900		968
TC Ziraat Bankasi MTN
5.125%, 09/29/2023 (A)		200		187
Turkiye Vakiflar Bankasi TAO
8.125%, 03/28/2024 (A)		260		265
UBS Group Funding Switzerland
7.000%, VAR USD Swap Semi 30/360 5 Yr Curr+4.344%, 07/31/2168 (A)		910		966
7.000%, VAR USD Swap Semi 30/360 5 Yr Curr+4.866%, 12/29/2049		1,050		1,152
5.750%, VAR EUR Swap Annual 5 Yr+5.287%, 12/29/2049	EUR	750		895
UniCredit
8.000%, VAR USD Swap Semi 30/360 5 Yr Curr+5.180%, 06/03/2168	$	1,050		1,090
UniCredit MTN
7.296%, VAR USD ICE Swap 11:00 NY 5 Yr+4.914%, 04/02/2034 (A)		660		745
Wells Fargo
5.875%, VAR ICE LIBOR USD 3 Month+3.990%, 06/15/2168		525		579
Westpac Banking
5.000%, VAR USD ICE Swap 11:00 NY 5 Yr+2.888%, 03/21/2168		300		294
Yapi ve Kredi Bankasi MTN
13.875%, VAR USD Swap Semi 30/360 5 Yr Curr+11.245%, 07/15/2168		480		516
8.250%, 10/15/2024 (A)		500		518
6.100%, 03/16/2023		200		196
				77,622
Health Care — 3.3%
AbbVie
3.600%, 05/14/2025		500		520

228 SEI Institutional Managed Trust / Annual Report / September 30, 2019

Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
Acadia Healthcare
5.625%, 02/15/2023	$	1,200	$	1,223
ASP AMC
8.000%, 05/15/2025 (A)		640		435
Bausch Health
5.875%, 05/15/2023 (A)		290		294
Bausch Health Americas
9.250%, 04/01/2026 (A)		1,840		2,091
8.500%, 01/31/2027 (A)		950		1,066
Bayer US Finance II
4.375%, 12/15/2028 (A)		300		324
4.250%, 12/15/2025 (A)		500		534
3.500%, 06/25/2021 (A)		1,325		1,352
Becton Dickinson
3.700%, 06/06/2027		690		733
3.363%, 06/06/2024		1,050		1,095
2.894%, 06/06/2022		1,150		1,167
Bristol-Myers Squibb
4.250%, 10/26/2049 (A)		330		383
Celgene
3.900%, 02/20/2028		100		110
3.875%, 08/15/2025		170		183
Centene
6.125%, 02/15/2024		1,440		1,498
CHS
8.000%, 03/15/2026 (A)		490		489
Cigna
3.750%, 07/15/2023		2,050		2,147
CVS Health
4.780%, 03/25/2038		1,060		1,161
4.100%, 03/25/2025		2,750		2,938
DaVita HealthCare Partners
5.125%, 07/15/2024		1,000		1,016
Elanco Animal Health
4.272%, 08/28/2023		1,425		1,496
Encompass Health
4.500%, 02/01/2028		400		404
Envision Healthcare
8.750%, 10/15/2026 (A)		500		305
HCA
5.875%, 05/01/2023		950		1,045
5.625%, 09/01/2028		1,760		1,961
5.500%, 06/15/2047		1,280		1,439
Hill-Rom Holdings
4.375%, 09/15/2027 (A)		140		143
Immucor
11.125%, 02/15/2022 (A)		650		657
Magellan Health
4.900%, 09/22/2024		520		519
MPH Acquisition Holdings
7.125%, 06/01/2024 (A)		670		617

Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
Polaris Intermediate
8.500% cash/0% PIK, 12/01/2022 (A)	$	750	$	638
Tenet Healthcare
8.125%, 04/01/2022		1,830		1,979
				31,962
Industrials — 4.9%
AECOM
5.125%, 03/15/2027		950		996
AerCap Ireland Capital DAC
4.875%, 01/16/2024		400		432
4.625%, 07/01/2022		2,300		2,429
Aeropuertos Dominicanos Siglo XXI
6.750%, 03/30/2029 (A)		350		368
Air Lease
3.250%, 03/01/2025		350		356
Air Lease MTN
3.750%, 06/01/2026		600		623
Allison Transmission
5.000%, 10/01/2024 (A)		100		102
Avis Budget Car Rental
6.375%, 04/01/2024 (A)		700		731
Bioceanico Sovereign Certificate
3.052%, 06/05/2034 (A)(E)		150		104
Boeing
3.450%, 11/01/2028		375		402
3.250%, 03/01/2028		425		446
3.250%, 02/01/2035		410		425
2.700%, 02/01/2027		170		173
2.600%, 10/30/2025		475		482
Bombardier
7.500%, 03/15/2025 (A)		1,000		999
6.125%, 01/15/2023 (A)		2,050		2,088
Builders FirstSource
6.750%, 06/01/2027 (A)		400		431
Cleaver-Brooks
7.875%, 03/01/2023 (A)		410		388
Core & Main Holdings
8.625% cash/0% PIK, 09/15/2024 (A)		650		655
DAE Funding
5.750%, 11/15/2023 (A)		1,530		1,608
DP World MTN
5.625%, 09/25/2048 (A)		1,150		1,328
Dun & Bradstreet
6.875%, 08/15/2026 (A)		1,150		1,253
Embraer Netherlands Finance
5.050%, 06/15/2025		67		73
Embraer Netherlands Finance BV
5.400%, 02/01/2027		100		113
Embraer Overseas
5.696%, 09/16/2023		170		188

SEI Institutional Managed Trust / Annual Report / September 30, 2019 229

SCHEDULE OF INVESTMENTS

September 30, 2019

Multi-Asset Income Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
Fortune Brands Home & Security
4.000%, 09/21/2023	$	1,275	$	1,348
GE Capital International Funding Unlimited Co
3.373%, 11/15/2025		400		408
General Electric
2.700%, 10/09/2022		100		100
General Electric MTN
6.875%, 01/10/2039		1,470		1,945
3.100%, 01/09/2023		275		278
GFL Environmental
8.500%, 05/01/2027 (A)		895		992
5.625%, 05/01/2022 (A)		50		51
5.375%, 03/01/2023 (A)		530		537
H&E Equipment Services
5.625%, 09/01/2025		750		772
Harsco
5.750%, 07/31/2027 (A)		590		614
Herc Holdings
5.500%, 07/15/2027 (A)		725		754
Hertz
7.625%, 06/01/2022 (A)		450		469
IAA
5.500%, 06/15/2027 (A)		250		264
IHS Markit
3.625%, 05/01/2024		425		440
JB Poindexter
7.125%, 04/15/2026 (A)		320		331
Lockheed Martin
3.550%, 01/15/2026		325		348
Mexico City Airport Trust
5.500%, 10/31/2046 (A)		400		396
5.500%, 07/31/2047 (A)		892		885
4.250%, 10/31/2026 (A)		210		211
3.875%, 04/30/2028 (A)		1,190		1,168
MHP Lux
6.950%, 04/03/2026		220		228
Mobile Mini
5.875%, 07/01/2024		50		51
MV24 Capital BV
6.748%, 06/01/2034 (A)		200		206
Northrop Grumman
3.250%, 01/15/2028		1,950		2,046
2.930%, 01/15/2025		1,000		1,031
Park Aerospace Holdings
4.500%, 03/15/2023 (A)		170		176
Park-Ohio Industries
6.625%, 04/15/2027		1,440		1,375
Prime Security Services Borrower
9.250%, 05/15/2023 (A)		363		382
5.750%, 04/15/2026 (A)		900		937
5.250%, 04/15/2024 (A)		140		144

Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
Republic Services
2.500%, 08/15/2024	$	750	$	758
Sensata Technologies
4.375%, 02/15/2030 (A)		230		230
Standard Industries
6.000%, 10/15/2025 (A)		770		807
Stanley Black & Decker
4.250%, 11/15/2028		650		740
Swire Pacific Financing MTN
4.500%, 10/09/2023		950		1,016
Titan Acquisition
7.750%, 04/15/2026 (A)		1,400		1,313
TransDigm
6.500%, 05/15/2025		390		405
6.375%, 06/15/2026		994		1,046
United Rentals North America
6.500%, 12/15/2026		1,310		1,427
5.875%, 09/15/2026		185		197
5.250%, 01/15/2030		140		147
4.875%, 01/15/2028		1,100		1,144
4.625%, 07/15/2023		140		143
United Technologies
4.125%, 11/16/2028		250		283
Waste Management
3.200%, 06/15/2026		475		501
XPO CNW
6.700%, 05/01/2034		1,770		1,735
				47,972
Information Technology — 2.0%
Amkor Technology
6.625%, 09/15/2027 (A)		400		436
Apple
3.200%, 05/11/2027		525		557
Banff Merger Sub
9.750%, 09/01/2026 (A)		200		191
Broadcom
4.250%, 04/15/2026 (A)		625		646
3.625%, 01/15/2024		2,925		2,991
3.625%, 10/15/2024 (A)		800		813
3.125%, 10/15/2022 (A)		1,100		1,114
3.125%, 01/15/2025		50		50
CDK Global
5.250%, 05/15/2029 (A)		480		497
CommScope Finance
8.250%, 03/01/2027 (A)		380		370
CommScope Technologies
5.000%, 03/15/2027 (A)		170		140
Dell International
6.020%, 06/15/2026 (A)		475		534
5.450%, 06/15/2023 (A)		525		571

230 SEI Institutional Managed Trust / Annual Report / September 30, 2019

Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
EIG Investors
10.875%, 02/01/2024	$	100	$	104
EMC
3.375%, 06/01/2023		1,650		1,650
Fiserv
3.800%, 10/01/2023		300		318
3.200%, 07/01/2026		775		802
2.750%, 07/01/2024		1,175		1,195
Global Payments
3.200%, 08/15/2029		225		228
2.650%, 02/15/2025		400		402
Go Daddy Operating
5.250%, 12/01/2027 (A)		260		273
Hewlett Packard Enterprise
4.900%, 10/15/2025		865		957
3.500%, 10/05/2021		500		513
3.009%, VAR ICE LIBOR USD 3 Month+0.720%, 10/05/2021		925		925
j2 Cloud Services
6.000%, 07/15/2025 (A)		740		781
NXP BV
4.625%, 06/15/2022 (A)		1,000		1,047
PayPal Holdings
2.650%, 10/01/2026		1,250		1,259
				19,364
Materials — 3.2%
Alcoa Nederland Holding BV
6.125%, 05/15/2028 (A)		1,420		1,512
Aleris International
10.750%, 07/15/2023 (A)		450		474
Anglo American Capital
4.000%, 09/11/2027 (A)		250		258
ArcelorMittal
6.125%, 06/01/2025		370		416
ARD Finance
7.125% cash/0% PIK, 09/15/2023		500		515
ARD Securities Finance SARL
8.750% cash/0% PIK, 01/31/2023 (A)		240		249
Ardagh Packaging Finance
4.750%, 07/15/2027	GBP	700		882
Barrick North America Finance
5.750%, 05/01/2043	$	250		327
Berry Global
5.625%, 07/15/2027 (A)		550		569
BHP Billiton Finance USA
6.750%, VAR USD Swap Semi 30/360 5 Yr Curr+5.093%, 10/19/2075 (A)		630		736
Braskem Netherlands Finance BV
4.500%, 01/10/2028 (A)		1,200		1,202
Constellium
5.750%, 05/15/2024 (A)		500		514

Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
DuPont de Nemours
4.493%, 11/15/2025	$	450	$	497
4.205%, 11/15/2023		725		777
First Quantum Minerals
7.250%, 04/01/2023 (A)		1,820		1,793
Freeport-McMoRan
5.450%, 03/15/2043		2,760		2,487
3.550%, 03/01/2022		248		248
Glencore Funding
4.125%, 03/12/2024 (A)		400		420
4.000%, 04/16/2025 (A)		750		780
4.000%, 03/27/2027 (A)		500		514
Hudbay Minerals
7.625%, 01/15/2025 (A)		770		781
Huntsman International
4.500%, 05/01/2029		375		394
LABL Escrow Issuer
6.750%, 07/15/2026 (A)		950		990
Mercer International
7.375%, 01/15/2025 (A)		480		500
Metinvest BV
7.750%, 04/23/2023 (A)		375		395
Northwest Acquisitions ULC
7.125%, 11/01/2022 (A)		410		241
Novelis
5.875%, 09/30/2026 (A)		716		751
Pactiv
8.375%, 04/15/2027		1,010		1,096
Phosagro OAO Via Phosagro Bond Funding DAC
3.949%, 04/24/2023 (A)		550		564
PQ
6.750%, 11/15/2022 (A)		900		932
Resolute Forest Products
5.875%, 05/15/2023		550		550
Reynolds Group
7.000%, 07/15/2024 (A)		105		109
Samarco Mineracao
5.750%, 10/24/2023 (C)(D)		200		150
SASOL Financing USA
5.875%, 03/27/2024		1,080		1,167
Sherwin-Williams
3.450%, 08/01/2025		875		914
Sociedad Quimica y Minera de Chile
4.375%, 01/28/2025		220		232
Starfruit Finco BV
8.000%, 10/01/2026 (A)		650		651
Suzano Austria GmbH
6.000%, 01/15/2029		1,130		1,228
5.750%, 07/14/2026		400		442
Syngenta Finance MTN
1.250%, 09/10/2027	EUR	200		213

SEI Institutional Managed Trust / Annual Report / September 30, 2019 231

SCHEDULE OF INVESTMENTS

September 30, 2019

Multi-Asset Income Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
Teck Resources
6.000%, 08/15/2040	$	200	$	216
5.400%, 02/01/2043		480		492
Trivium Packaging Finance BV
5.500%, 08/15/2026 (A)		750		788
Vale Overseas
6.250%, 08/10/2026		1,134		1,307
Valvoline
5.500%, 07/15/2024		650		676
4.375%, 08/15/2025		500		509
				31,458
Real Estate — 0.9%
Alexandria Real Estate Equities
3.800%, 04/15/2026		350		372
3.375%, 08/15/2031		375		392
American Tower
5.000%, 02/15/2024		1,000		1,105
3.375%, 05/15/2024		925		961
CoreCivic
4.625%, 05/01/2023		1,000		969
Essex Portfolio
3.000%, 01/15/2030		400		404
Five Point Operating
7.875%, 11/15/2025 (A)		770		782
iStar
4.625%, 09/15/2020		530		536
MPT Operating Partnership
6.375%, 03/01/2024		895		938
5.000%, 10/15/2027		710		744
Spirit Realty
3.200%, 01/15/2027		600		595
VEREIT Operating Partnership
4.875%, 06/01/2026		1,000		1,108
				8,906
Utilities — 1.3%
Alliant Energy Finance
4.250%, 06/15/2028 (A)		125		134
3.750%, 06/15/2023 (A)		325		340
AmeriGas Partners
5.875%, 08/20/2026		75		82
Dominion Energy
3.071%, 08/15/2024		575		589
Eskom Holdings SOC MTN
6.750%, 08/06/2023		230		236
6.350%, 08/10/2028		500		535
Greenko Investment
4.875%, 08/16/2023 (A)		410		405
NiSource
3.650%, 06/15/2023		525		548
3.490%, 05/15/2027		1,325		1,390

Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
NRG Energy
7.250%, 05/15/2026	$	1,070	$	1,172
Perusahaan Listrik Negara MTN
4.125%, 05/15/2027 (A)		1,190		1,256
Sempra Energy
3.400%, 02/01/2028		1,075		1,110
Southern
3.250%, 07/01/2026		700		722
Southern California Edison
4.200%, 03/01/2029		450		502
Suburban Propane Partners
5.500%, 06/01/2024		250		255
Talen Energy Supply
10.500%, 01/15/2026 (A)		540		466
7.250%, 05/15/2027 (A)		1,450		1,473
Vistra Operations
3.550%, 07/15/2024 (A)		1,200		1,208
				12,423
Total Corporate Obligations (Cost $414,959) ($ Thousands)				423,696
SOVEREIGN DEBT — 14.7%
Abu Dhabi Government International Bond
4.125%, 10/11/2047 (A)		1,500		1,755
3.125%, 05/03/2026		650		681
3.125%, 10/11/2027 (A)		810		850
2.125%, 09/30/2024 (A)		1,770		1,759
Angolan Government International Bond
9.375%, 05/08/2048 (A)		400		422
8.250%, 05/09/2028 (A)		1,620		1,676
Argentina Treasury Bond BONCER
2.500%, 07/22/2021 (C)	ARS	1,575		25
Argentine Republic Government International Bond
62.614%, VAR 30-35d Argentina BADLAR Private Banks+3.250%, 03/01/2020		3,100		28
8.280%, 12/31/2033	$	1,038		507
7.820%, 12/31/2033	EUR	216		110
7.500%, 04/22/2026	$	160		70
7.125%, 07/06/2036		1,940		824
6.875%, 04/22/2021		900		441
6.875%, 01/26/2027		790		331
6.875%, 01/11/2048		230		97
5.875%, 01/11/2028		260		105
5.625%, 01/26/2022		100		43
5.250%, 01/15/2028	EUR	760		319
4.625%, 01/11/2023	$	220		92
3.750%, 5.250%, 0, 12/31/2038 (F)		1,330		522
3.375%, 01/15/2023	EUR	790		327

232 SEI Institutional Managed Trust / Annual Report / September 30, 2019

Description	Face Amount (Thousands)		Market Value ($ Thousands)
SOVEREIGN DEBT (continued)
Armenia Government International Bond
3.950%, 09/26/2029 (A)	$	290	$	284
Azerbaijan Government International Bond
3.500%, 09/01/2032 (A)		1,360		1,318
Banque Centrale de Tunisie International Bond
6.750%, 10/31/2023 (A)	EUR	440		483
Belize Government International Bond
4.938%, 02/20/2034	$	165		99
Bonos de la Nacion Argentina con Ajuste por CER
4.000%, 03/06/2020 (C)	ARS	58,000		743
Bonos De La Nacion Argentina En Moneda Dua
4.500%, 02/13/2020	$	230		82
Brazil Minas SPE via State of Minas Gerais
5.333%, 02/15/2028		180		191
Brazil Notas do Tesouro Nacional, Ser F
10.000%, 01/01/2021	BRL	8,967		2,274
10.000%, 01/01/2027		11,500		3,234
Dominican Republic International Bond
7.450%, 04/30/2044	$	600		711
6.850%, 01/27/2045		660		735
6.500%, 02/15/2048 (A)		1,270		1,365
6.400%, 06/05/2049 (A)		660		703
6.000%, 07/19/2028 (A)		1,300		1,419
Eastern & Southern African Trade & Development Bank MTN
5.375%, 03/14/2022		210		216
Ecuador Government International Bond
10.750%, 01/31/2029 (A)		2,220		2,398
9.650%, 12/13/2026 (A)		990		1,039
9.625%, 06/02/2027 (A)		1,750		1,818
9.500%, 03/27/2030 (A)		1,220		1,236
8.875%, 10/23/2027 (A)		1,500		1,494
8.750%, 06/02/2023 (A)		1,140		1,208
7.950%, 06/20/2024		210		214
Egypt Government International Bond
8.700%, 03/01/2049 (A)		520		559
8.500%, 01/31/2047		650		687
7.903%, 02/21/2048 (A)		360		362
7.600%, 03/01/2029 (A)		510		540
6.375%, 04/11/2031 (A)	EUR	200		226
5.625%, 04/16/2030 (A)		620		676
4.750%, 04/16/2026		680		759
Egypt Treasury Bills
17.454%, 01/21/2020 (E)	EGP	32,400		1,901
17.707%, 02/11/2020 (E)		7,825		455
17.476%, 03/17/2020 (E)		22,700		1,302
El Salvador Government International Bond
7.125%, 01/20/2050 (A)	$	270		275
5.875%, 01/30/2025		30		31

Description	Face Amount (Thousands)		Market Value ($ Thousands)
SOVEREIGN DEBT (continued)
Gabon Government International Bond
6.375%, 12/12/2024	$	1,460	$	1,436
Ghana Government International Bond
10.750%, 10/14/2030		210		266
8.627%, 06/16/2049		1,070		1,067
8.125%, 01/18/2026		1,950		2,063
8.125%, 03/26/2032 (A)		2,160		2,167
7.875%, 03/26/2027 (A)		260		267
7.625%, 05/16/2029		1,570		1,569
Guatemala Government Bond
6.125%, 06/01/2050 (A)		530		617
5.750%, 06/06/2022		700		743
4.900%, 06/01/2030 (A)		280		296
4.875%, 02/13/2028		790		834
4.500%, 05/03/2026 (A)		970		999
4.375%, 06/05/2027 (A)		1,290		1,316
Hazine Mustesarligi Varlik Kiralama
5.004%, 04/06/2023 (A)		1,630		1,619
Honduras Government International Bond
7.500%, 03/15/2024		660		731
Indonesia Government International Bond MTN
5.250%, 01/17/2042		2,700		3,246
4.750%, 01/08/2026		1,410		1,555
Indonesia Treasury Bond
7.000%, 05/15/2027	IDR	121,764,000		8,516
Ivory Coast Government International Bond
6.625%, 03/22/2048 (A)	EUR	420		462
5.250%, 03/22/2030		390		427
Jamaica Government International Bond
7.875%, 07/28/2045	$	470		615
Kazakhstan Government International Bond MTN
5.125%, 07/21/2025		1,300		1,471
Kenya Government International Bond
8.250%, 02/28/2048 (A)		260		265
8.000%, 05/22/2032 (A)		910		953
7.000%, 05/22/2027 (A)		1,850		1,920
Kuwait International Government Bond
3.500%, 03/20/2027 (A)		1,360		1,465
Lebanon Government International Bond
7.050%, 11/02/2035		110		71
6.850%, 03/23/2027		80		52
6.850%, 05/25/2029		221		142
6.750%, 11/29/2027		140		90
6.650%, 11/03/2028		40		26
6.650%, 02/26/2030		492		318
Mexican Bonos
8.500%, 05/31/2029	MXN	9,520		537
6.500%, 06/09/2022		5,740		289
Mexico Government International Bond
4.750%, 03/08/2044	$	440		476

SEI Institutional Managed Trust / Annual Report / September 30, 2019 233

SCHEDULE OF INVESTMENTS

September 30, 2019

Multi-Asset Income Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
SOVEREIGN DEBT (continued)
3.600%, 01/30/2025	$	1,200	$	1,246
Nigeria Government International Bond
8.747%, 01/21/2031 (A)		1,720		1,929
7.696%, 02/23/2038 (A)		690		702
North Macedonia Government International Bond
5.625%, 07/26/2023 (A)	EUR	700		898
2.750%, 01/18/2025 (A)		1,780		2,090
Oman Government International Bond
6.750%, 01/17/2048 (A)	$	570		537
6.000%, 08/01/2029 (A)		340		338
5.625%, 01/17/2028 (A)		560		551
4.875%, 02/01/2025 (A)		490		491
Pakistan Government International Bond
8.250%, 09/30/2025		370		400
Papua New Guinea Government International Bond
8.375%, 10/04/2028 (A)		290		307
Paraguay Government International Bond
6.100%, 08/11/2044		700		851
5.600%, 03/13/2048 (A)		560		647
5.400%, 03/30/2050 (A)		320		363
5.000%, 04/15/2026 (A)		440		480
4.700%, 03/27/2027 (A)		570		616
4.625%, 01/25/2023		550		578
Perusahaan Penerbit SBSN Indonesia III
4.550%, 03/29/2026 (A)		530		578
4.450%, 02/20/2029 (A)		330		364
Province of Santa Fe
7.000%, 03/23/2023 (A)		300		199
Provincia de Buenos Aires
9.950%, 06/09/2021 (A)		3,100		1,240
9.125%, 03/16/2024 (A)		550		200
7.875%, 06/15/2027 (A)		400		144
6.500%, 02/15/2023 (A)		2,240		784
Provincia de Cordoba
7.450%, 09/01/2024 (A)		520		298
Provincia de la Rioja
9.750%, 02/24/2025 (A)		270		101
Qatar Government International Bond
5.103%, 04/23/2048 (A)		1,890		2,414
4.817%, 03/14/2049 (A)		1,130		1,398
4.500%, 04/23/2028		200		228
4.000%, 03/14/2029 (A)		670		742
Romanian Government International Bond
5.125%, 06/15/2048 (A)		600		694
4.625%, 04/03/2049 (A)	EUR	150		212
2.875%, 05/26/2028		650		802
2.124%, 07/16/2031 (A)		250		283
2.000%, 12/08/2026 (A)		590		694
Russian Federal Bond - OFZ
7.050%, 01/19/2028	RUB	511,430		7,989

Description	Face Amount (Thousands)		Market Value ($ Thousands)
SOVEREIGN DEBT (continued)
Russian Foreign Bond - Eurobond
5.250%, 06/23/2047	$	200	$	237
5.100%, 03/28/2035 (A)		200		226
4.750%, 05/27/2026		3,600		3,931
4.375%, 03/21/2029 (A)		800		856
Senegal Government International Bond
6.250%, 05/23/2033 (A)		1,070		1,077
4.750%, 03/13/2028 (A)	EUR	740		837
Serbia International Bond
1.500%, 06/26/2029 (A)		350		397
South Africa Government International Bond
5.875%, 09/16/2025	$	450		490
5.650%, 09/27/2047		950		947
4.850%, 09/27/2027		890		910
4.300%, 10/12/2028		200		193
Sri Lanka Government International Bond
7.550%, 03/28/2030 (A)		1,110		1,094
6.850%, 03/14/2024 (A)		920		940
6.850%, 11/03/2025		790		792
6.825%, 07/18/2026 (A)		250		247
6.750%, 04/18/2028 (A)		660		629
6.350%, 06/28/2024 (A)		380		380
6.250%, 10/04/2020		410		416
6.200%, 05/11/2027 (A)		380		354
6.125%, 06/03/2025		200		194
5.875%, 07/25/2022		470		471
5.750%, 01/18/2022 (A)		200		201
5.750%, 04/18/2023 (A)		1,240		1,231
Suriname Government International Bond
9.250%, 10/26/2026 (A)		540		482
Turkey Government International Bond
7.625%, 04/26/2029		560		595
7.375%, 02/05/2025		30		32
6.875%, 03/17/2036		60		60
6.000%, 01/14/2041		1,570		1,405
5.750%, 05/11/2047		500		436
5.200%, 02/16/2026	EUR	520		590
4.250%, 04/14/2026	$	530		477
3.250%, 06/14/2025	EUR	740		775
Ukraine Government International Bond
9.750%, 11/01/2028 (A)	$	640		733
8.850%, 05/31/2040 (G)		2,152		2,007
7.750%, 09/01/2022		550		578
7.750%, 09/01/2023		1,010		1,061
7.750%, 09/01/2024		930		981
7.750%, 09/01/2025		870		912
7.750%, 09/01/2027		250		260
7.375%, 09/25/2032 (A)		200		201
Uruguay Government International Bond
4.375%, 10/27/2027		600		659

234 SEI Institutional Managed Trust / Annual Report / September 30, 2019

Description	Face Amount (Thousands)		Market Value ($ Thousands)
SOVEREIGN DEBT (continued)
Uzbekistan Government International Bond MTN
4.750%, 02/20/2024 (A)	$	340	$	356
Zambia Government International Bond
8.970%, 07/30/2027		200		142
5.375%, 09/20/2022		760		530
Total Sovereign Debt
(Cost $146,427) ($ Thousands)				143,617
	Shares
COMMON STOCK — 10.7%
Communication Services — 1.1%
Activision Blizzard Inc		3,184		169
Alphabet Inc, Cl A *		1,264		1,544
Alphabet Inc, Cl C *		1,282		1,563
AT&T Inc		30,799		1,165
CBS Corp, Cl B		1,447		58
CenturyLink Inc		4,030		50
Charter Communications Inc, Cl A *		686		283
Comcast Corp, Cl A		19,097		861
Discovery Inc, Cl A *		684		18
Discovery Inc, Cl C *		1,539		38
DISH Network Corp, Cl A *		966		33
Electronic Arts Inc *		1,223		120
Facebook Inc, Cl A *		10,209		1,818
Fox Corp		2,366		75
Interpublic Group of Cos Inc/The		1,552		33
Netflix Inc *		1,839		492
News Corp, Cl A		1,532		21
News Corp, Cl B		450		6
Omnicom Group Inc		997		78
Take-Two Interactive Software Inc, Cl A *		492		62
T-Mobile US Inc *		1,400		110
TripAdvisor Inc *		414		16
Twitter Inc *		3,280		135
Verizon Communications Inc		17,447		1,053
Viacom Inc, Cl B		1,527		37
Walt Disney Co/The		7,644		996
				10,834
Consumer Discretionary — 1.1%
Advance Auto Parts Inc		313		52
Amazon.com Inc, Cl A *		1,763		3,060
Aptiv PLC		1,056		92
AutoZone Inc *		101		110
Best Buy Co Inc		1,060		73
Booking Holdings Inc *		182		357
BorgWarner Inc		797		29
Capri Holdings Ltd *		608		20
CarMax Inc *		740		65
Carnival Corp		1,747		76

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Cengage Learning Holdings II Inc *		5,114	$	59
Chipotle Mexican Grill Inc, Cl A *		110		92
Darden Restaurants Inc		545		64
Dollar General Corp		1,073		171
Dollar Tree Inc *		977		112
DR Horton Inc		1,500		79
eBay Inc		3,387		132
Expedia Group Inc		593		80
Ford Motor Co		16,245		149
Gap Inc/The		932		16
Garmin Ltd		525		44
General Motors Co		5,332		200
Genuine Parts Co		649		65
H&R Block Inc		821		19
Hanesbrands Inc		1,495		23
Harley-Davidson Inc, Cl A		659		24
Hasbro Inc		462		55
Hilton Worldwide Holdings Inc		1,198		112
Home Depot Inc/The		4,642		1,077
Kohl’s Corp		759		38
L Brands Inc		995		19
Leggett & Platt Inc		534		22
Lennar Corp, Cl A		1,262		70
LKQ Corp *		1,349		42
Lowe’s Cos Inc		3,285		361
Macy’s Inc		1,471		23
Marriott International Inc/MD, Cl A		1,146		143
McDonald’s Corp		3,216		690
MGM Resorts International		2,049		57
Mohawk Industries Inc *		261		32
Newell Brands Inc, Cl B		1,757		33
NIKE Inc, Cl B		5,281		496
Nordstrom Inc		454		15
Norwegian Cruise Line Holdings Ltd *		900		47
NVR Inc *		15		56
O’Reilly Automotive Inc *		323		129
PulteGroup Inc		1,166		43
PVH Corp		313		28
Ralph Lauren Corp, Cl A		219		21
Ross Stores Inc		1,526		168
Royal Caribbean Cruises Ltd		735		80
Starbucks Corp		5,090		450
Tapestry Inc		1,201		31
Target Corp, Cl A		2,139		229
Tiffany & Co		459		42
TJX Cos Inc/The		5,075		283
Tractor Supply Co		511		46
Ulta Beauty Inc *		241		60
Under Armour Inc, Cl A *		727		14
Under Armour Inc, Cl C *		920		17
VF Corp		1,343		119
Whirlpool Corp		271		43

SEI Institutional Managed Trust / Annual Report / September 30, 2019 235

SCHEDULE OF INVESTMENTS

September 30, 2019

Multi-Asset Income Fund (Continued)

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Wynn Resorts Ltd		423	$	46
Yum! Brands Inc		1,267		144
				10,644
Consumer Staples — 0.8%
Altria Group Inc		7,846		321
Archer-Daniels-Midland Co		2,293		94
Brown-Forman Corp, Cl B		747		47
Campbell Soup Co		807		38
Church & Dwight Co Inc		1,095		82
Clorox Co/The		519		79
Coca-Cola Co/The		16,189		881
Colgate-Palmolive Co		3,589		264
Conagra Brands Inc		2,134		65
Constellation Brands Inc, Cl A		692		143
Costco Wholesale Corp		1,850		533
Coty Inc, Cl A		1,002		11
Estee Lauder Cos Inc/The, Cl A		912		181
General Mills Inc		2,475		136
Hershey Co/The		617		96
Hormel Foods Corp		1,192		52
JM Smucker Co/The		524		58
Kellogg Co		1,147		74
Kimberly-Clark Corp		1,496		213
Kraft Heinz Co/The		2,793		78
Kroger Co/The		3,564		92
Lamb Weston Holdings Inc		600		44
McCormick & Co Inc/MD		548		86
Molson Coors Brewing Co, Cl B		772		44
Mondelez International Inc, Cl A		6,037		334
Monster Beverage Corp *		1,765		102
PepsiCo Inc		5,908		810
Philip Morris International Inc		6,541		497
Procter & Gamble Co/The		10,588		1,317
Sysco Corp, Cl A		2,178		173
Tyson Foods Inc, Cl A		1,209		104
Walgreens Boots Alliance Inc		3,234		179
Walmart Inc		6,035		716
				7,944
Energy — 0.5%
Apache Corp		1,761		45
Baker Hughes a GE Co, Cl A		2,273		53
Cabot Oil & Gas Corp		1,880		33
Chevron Corp		8,034		953
Cimarex Energy Co		475		23
Concho Resources Inc		903		61
ConocoPhillips		4,727		269
Devon Energy Corp		1,630		39
Diamondback Energy Inc, Cl A		700		63
EOG Resources Inc		2,521		187
Exxon Mobil Corp		17,860		1,261

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Halliburton Co		3,947	$	74
Helmerich & Payne Inc		451		18
Hess Corp		1,133		69
HollyFrontier Corp		665		36
Kinder Morgan Inc/DE		8,429		174
Marathon Oil Corp		3,620		44
Marathon Petroleum Corp		2,745		167
National Oilwell Varco Inc, Cl A		1,759		37
Noble Energy Inc		2,020		45
Occidental Petroleum Corp		3,720		165
ONEOK Inc		1,704		126
Phillips 66		1,903		195
Pioneer Natural Resources Co		752		95
Schlumberger Ltd, Cl A		6,027		206
TechnipFMC PLC		1,998		48
Titan Energy LLC *(C)		12,743		—
Valero Energy Corp		1,800		154
Williams Cos Inc/The		5,368		129
				4,769
Financials — 1.4%
Affiliated Managers Group Inc		225		19
Aflac Inc		3,250		170
Allstate Corp/The		1,380		150
American Express Co		2,871		340
American International Group Inc		3,775		210
Ameriprise Financial Inc		545		80
Aon PLC		1,042		202
Arthur J Gallagher & Co		815		73
Aspect *(B)		57		—
Assurant Inc		273		34
Bank of America Corp		35,551		1,037
Bank of New York Mellon Corp/The		3,801		172
BB&T Corp		3,180		170
Berkshire Hathaway Inc, Cl B *		8,321		1,731
BlackRock Inc		496		221
Capital One Financial Corp		2,028		185
Cboe Global Markets Inc		463		53
Charles Schwab Corp/The		4,937		207
Chubb Ltd		1,918		310
Cincinnati Financial Corp		667		78
Citigroup Inc		9,587		662
Citizens Financial Group Inc		2,010		71
CME Group Inc		1,499		317
Comerica Inc		700		46
Discover Financial Services		1,332		108
E*TRADE Financial Corp		1,080		47
Everest Re Group Ltd		166		44
Fifth Third Bancorp		2,963		81
First Republic Bank/CA		700		68
Franklin Resources Inc		1,278		37
Globe Life Inc		429		41

236 SEI Institutional Managed Trust / Annual Report / September 30, 2019

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Goldman Sachs Group Inc/The		1,373	$	285
Hartford Financial Services Group Inc/The		1,476		89
Huntington Bancshares Inc/OH		4,636		66
Intercontinental Exchange Inc		2,350		217
Invesco Ltd		1,887		32
JPMorgan Chase & Co		13,569		1,597
KeyCorp		4,537		81
Lincoln National Corp		899		54
Loews Corp		1,207		62
M&T Bank Corp		558		88
MarketAxess Holdings Inc		150		49
Marsh & McLennan Cos Inc		2,195		220
MetLife Inc		3,378		159
Moody’s Corp		683		140
Morgan Stanley		5,338		228
MSCI Inc, Cl A		375		82
Nasdaq Inc, Cl A		500		50
Northern Trust Corp		889		83
People’s United Financial Inc		1,719		27
PNC Financial Services Group Inc/The		1,887		264
Principal Financial Group Inc, Cl A		1,040		59
Progressive Corp/The		2,536		196
Prudential Financial Inc		1,682		151
Raymond James Financial Inc		535		44
Regions Financial Corp		4,531		72
S&P Global Inc		1,029		252
State Street Corp		1,526		90
SunTrust Banks Inc		1,903		131
SVB Financial Group, Cl B *		224		47
Synchrony Financial		2,590		88
T Rowe Price Group Inc		974		111
Travelers Cos Inc/The		1,140		169
Unum Group		910		27
US Bancorp		6,085		337
Wells Fargo & Co		17,051		860
Willis Towers Watson PLC		574		111
Zions Bancorp NA		884		39
				13,621
Health Care — 1.5%
Abbott Laboratories		7,428		621
AbbVie Inc		6,210		470
ABIOMED Inc *		200		36
Agilent Technologies Inc		1,296		99
Alexion Pharmaceuticals Inc *		920		90
Align Technology Inc *		311		56
Allergan PLC		1,392		234
AmerisourceBergen Corp, Cl A		686		56
Amgen Inc, Cl A		2,565		496
Anthem Inc		1,076		258
Baxter International Inc		2,167		190
Becton Dickinson and Co		1,129		286

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Biogen Inc *		807	$	188
Boston Scientific Corp *		6,036		246
Bristol-Myers Squibb Co		6,857		348
Cardinal Health Inc		1,321		62
Celgene Corp, Cl A *		2,952		293
Centene Corp *		1,806		78
Cerner Corp		1,455		99
Cigna Corp		1,586		241
Cooper Cos Inc/The, Cl A		204		61
Covetrus Inc *		1		—
CVS Health Corp		5,447		344
Danaher Corp, Cl A		2,709		391
DaVita Inc *		525		30
DENTSPLY SIRONA Inc		969		52
Edwards Lifesciences Corp, Cl A *		868		191
Eli Lilly & Co		3,628		406
Gilead Sciences Inc		5,334		338
HCA Healthcare Inc		1,106		133
Henry Schein Inc *		634		40
Hologic Inc *		1,116		56
Humana Inc		560		143
IDEXX Laboratories Inc *		352		96
Illumina Inc *		611		186
Incyte Corp *		814		60
Intuitive Surgical Inc *		482		260
IQVIA Holdings Inc *		773		115
Johnson & Johnson		11,211		1,450
Laboratory Corp of America Holdings *		438		74
McKesson Corp		782		107
Medtronic PLC		5,644		613
Merck & Co Inc		10,856		914
Mettler-Toledo International Inc *		111		78
Mylan NV *		2,195		43
Nektar Therapeutics, Cl A *		763		14
PerkinElmer Inc		524		45
Perrigo Co PLC		599		33
Pfizer Inc		23,407		841
Quest Diagnostics Inc		623		67
Regeneron Pharmaceuticals Inc *		348		97
ResMed Inc		633		86
Stryker Corp		1,362		295
Teleflex Inc		200		68
Thermo Fisher Scientific Inc		1,682		490
UnitedHealth Group Inc		4,008		871
Universal Health Services Inc, Cl B		355		53
Varian Medical Systems Inc *		372		44
Vertex Pharmaceuticals Inc *		1,109		188
Waters Corp *		319		71
WellCare Health Plans Inc *		219		57
Zimmer Biomet Holdings Inc		844		116

SEI Institutional Managed Trust / Annual Report / September 30, 2019 237

SCHEDULE OF INVESTMENTS

September 30, 2019

Multi-Asset Income Fund (Continued)

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Zoetis Inc, Cl A		1,999	$	249
				14,313
Industrials — 1.0%
3M Co		2,420		398
Alaska Air Group Inc		494		32
Allegion PLC		415		43
American Airlines Group Inc		1,751		47
AMETEK Inc		928		85
AO Smith Corp		649		31
Arconic Inc		1,864		48
Boeing Co/The		2,269		863
Caterpillar Inc, Cl A		2,396		303
CH Robinson Worldwide Inc		578		49
Cintas Corp		346		93
Copart Inc *		900		72
CSX Corp		3,387		235
Cummins Inc		618		101
Deere & Co		1,322		223
Delta Air Lines Inc, Cl A		2,467		142
Dover Corp		613		61
Eaton Corp PLC		1,754		146
Emerson Electric Co		2,659		178
Equifax Inc		533		75
Expeditors International of Washington Inc		721		54
Fastenal Co, Cl A		2,596		85
FedEx Corp		1,040		151
Flowserve Corp		514		24
Fortive Corp		1,203		82
Fortune Brands Home & Security Inc		568		31
General Dynamics Corp		993		181
General Electric Co		36,563		327
Honeywell International Inc		3,061		518
Huntington Ingalls Industries Inc, Cl A		177		37
IDEX Corp		300		49
IHS Markit Ltd *		1,632		109
Illinois Tool Works Inc		1,248		195
Ingersoll-Rand PLC		995		123
Jacobs Engineering Group Inc		501		46
JB Hunt Transport Services Inc		373		41
Johnson Controls International PLC		3,295		145
Kansas City Southern		457		61
L3Harris Technologies Inc		961		200
Lockheed Martin Corp		1,032		403
Masco Corp		1,287		54
Nielsen Holdings PLC		1,634		35
Norfolk Southern Corp		1,108		199
Northrop Grumman Corp		668		250
PACCAR Inc		1,512		106
Parker-Hannifin Corp, Cl A		572		103
Pentair PLC		658		25
Quanta Services Inc		570		22

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Raytheon Co		1,162	$	228
Republic Services Inc		961		83
Robert Half International Inc		536		30
Rockwell Automation Inc		539		89
Rollins Inc		630		21
Roper Technologies Inc		430		153
Snap-on Inc		234		37
Southwest Airlines Co, Cl A		2,010		109
Stanley Black & Decker Inc		674		97
Textron Inc		1,087		53
TransDigm Group Inc		216		112
Union Pacific Corp		2,976		482
United Airlines Holdings Inc *		899		79
United Parcel Service Inc, Cl B		2,926		351
United Rentals Inc *		344		43
United Technologies Corp		3,409		465
Verisk Analytics Inc, Cl A		672		106
Wabtec Corp		773		56
Waste Management Inc		1,692		195
WW Grainger Inc		201		60
Xylem Inc/NY		838		67
				9,797
Information Technology — 2.3%
Accenture PLC, Cl A		2,682		516
Adobe Inc *		2,053		567
Advanced Micro Devices Inc *		4,607		134
Akamai Technologies Inc *		751		69
Alliance Data Systems Corp		193		25
Amphenol Corp, Cl A		1,229		119
Analog Devices Inc		1,594		178
ANSYS Inc *		354		78
Apple Inc		18,027		4,037
Applied Materials Inc		3,900		195
Arista Networks Inc *		232		55
Autodesk Inc, Cl A *		909		134
Automatic Data Processing Inc		1,822		294
Broadcom Inc		1,664		459
Broadridge Financial Solutions Inc		466		58
Cadence Design Systems Inc *		1,180		78
CDW Corp/DE		614		76
Cisco Systems Inc		18,050		892
Citrix Systems Inc		550		53
Cognizant Technology Solutions Corp, Cl A		2,360		142
Corning Inc, Cl B		3,215		92
DXC Technology Co		1,199		35
F5 Networks Inc, Cl A *		278		39
Fidelity National Information Services Inc, Cl B		2,569		341
Fiserv Inc, Cl A *		2,380		247
FleetCor Technologies Inc *		354		102
FLIR Systems Inc		564		30

238 SEI Institutional Managed Trust / Annual Report / September 30, 2019

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Fortinet Inc *		600	$	46
Gartner Inc *		416		59
Global Payments Inc		1,259		200
Hewlett Packard Enterprise Co		5,460		83
HP Inc		6,207		117
Intel Corp		18,884		973
International Business Machines Corp		3,730		542
Intuit Inc		1,085		289
IPG Photonics Corp *		143		19
Jack Henry & Associates Inc		335		49
Juniper Networks Inc		1,505		37
Keysight Technologies Inc *		800		78
KLA Corp		711		113
Lam Research Corp		621		143
Leidos Holdings Inc		600		52
Mastercard Inc, Cl A		3,791		1,030
Maxim Integrated Products Inc		1,200		69
Microchip Technology Inc		1,069		99
Micron Technology Inc *		4,620		198
Microsoft Corp		32,401		4,505
Motorola Solutions Inc		678		116
NetApp Inc		1,101		58
NVIDIA Corp		2,560		446
Oracle Corp, Cl B		9,343		514
Paychex Inc		1,314		109
PayPal Holdings Inc *		4,941		512
Qlik *(B)		3,600		—
Qlik, Cl A *(B)(C)		56		57
Qlik, Cl B *(B)		13,812		—
Qorvo Inc *		515		38
QUALCOMM Inc		5,104		389
salesforce.com Inc *		3,722		552
Seagate Technology PLC		1,080		58
Skyworks Solutions Inc		770		61
Symantec Corp, Cl A		2,488		59
Synopsys Inc *		667		92
TE Connectivity Ltd		1,392		130
Texas Instruments Inc		3,945		510
VeriSign Inc *		472		89
Visa Inc, Cl A		7,340		1,263
Western Digital Corp		1,190		71
Western Union Co/The		1,834		42
Xerox Holdings Corp		827		25
Xilinx Inc		1,044		100
				23,037
Materials — 0.3%
Air Products & Chemicals Inc		954		212
Albemarle Corp		448		31
Amcor PLC		6,537		64
Avery Dennison Corp		356		40
Ball Corp		1,471		107

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Celanese Corp, Cl A		588	$	72
CF Industries Holdings Inc		935		46
Corteva Inc		3,303		92
Dow Inc		3,249		155
DuPont de Nemours Inc		3,124		223
Eastman Chemical Co		653		48
Ecolab Inc		1,101		218
FMC Corp		544		48
Freeport-McMoRan Inc, Cl B		6,259		60
International Flavors & Fragrances Inc		445		55
International Paper Co		1,792		75
Linde PLC		2,280		442
LyondellBasell Industries NV, Cl A		1,174		105
Martin Marietta Materials Inc, Cl A		274		75
Mosaic Co/The		1,663		34
Newmont Goldcorp Corp		3,386		128
Nucor Corp		1,230		63
Packaging Corp of America		383		41
PPG Industries Inc		972		115
Sealed Air Corp		652		27
Sherwin-Williams Co/The, Cl A		338		186
Vulcan Materials Co		596		90
Westrock Co		1,156		42
				2,894
Real Estate — 0.3%
Alexandria Real Estate Equities Inc ‡		457		70
American Tower Corp, Cl A ‡		1,855		410
Apartment Investment & Management Co, Cl A ‡		659		34
AvalonBay Communities Inc ‡		606		131
Boston Properties Inc ‡		610		79
CBRE Group Inc, Cl A *‡		1,389		74
Crown Castle International Corp ‡		1,736		241
Digital Realty Trust Inc, Cl A ‡		857		111
Duke Realty Corp ‡		1,455		49
Equinix Inc ‡		361		208
Equity Residential ‡		1,530		132
Essex Property Trust Inc ‡		294		96
Extra Space Storage Inc ‡		559		65
Federal Realty Investment Trust ‡		325		44
HCP Inc ‡		2,116		75
Host Hotels & Resorts Inc ‡		3,427		59
Iron Mountain Inc ‡		1,253		41
Kimco Realty Corp ‡		1,773		37
Macerich Co/The ‡		418		13
Mid-America Apartment Communities Inc ‡		499		65
Prologis Inc ‡		2,741		234
Public Storage ‡		622		153
Realty Income Corp ‡		1,297		100
Regency Centers Corp ‡		713		50
SBA Communications Corp, Cl A ‡		466		112

SEI Institutional Managed Trust / Annual Report / September 30, 2019 239

SCHEDULE OF INVESTMENTS

September 30, 2019

Multi-Asset Income Fund (Continued)

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Simon Property Group Inc ‡		1,344	$	209
SL Green Realty Corp ‡		353		29
UDR Inc ‡		1,209		59
Ventas Inc ‡		1,615		118
Vornado Realty Trust ‡		717		46
Welltower Inc ‡		1,677		152
Weyerhaeuser Co ‡		3,038		84
				3,380
Utilities — 0.4%
AES Corp/VA		2,901		47
Alliant Energy Corp		1,029		55
Ameren Corp		1,093		87
American Electric Power Co Inc		2,140		201
American Water Works Co Inc		815		101
Atmos Energy Corp		500		57
CenterPoint Energy Inc		2,203		66
CMS Energy Corp		1,278		82
Consolidated Edison Inc		1,401		132
Dominion Energy Inc		3,488		283
DTE Energy Co		814		108
Duke Energy Corp		3,047		292
Edison International		1,465		110
Entergy Corp		832		98
Evergy Inc		984		65
Eversource Energy		1,437		123
Exelon Corp		4,214		204
FirstEnergy Corp		2,292		111
NextEra Energy Inc		2,074		483
NiSource Inc		1,591		48
NRG Energy Inc		988		39
Pinnacle West Capital Corp		451		44
PPL Corp		3,145		99
Public Service Enterprise Group Inc		2,087		130
Sempra Energy		1,139		168
Southern Co/The		4,500		278
WEC Energy Group Inc		1,300		124
Xcel Energy Inc		2,128		138
				3,773
Total Common Stock (Cost $70,233) ($ Thousands)				105,006
	Face Amount         (Thousands)
MORTGAGE-BACKED SECURITIES — 9.6%
Agency Mortgage-Backed Obligations — 5.2%
FHLMC CMO, Ser 2014-4320, Cl SD, IO 4.073%, VAR LIBOR USD 1 Month+6.100%, 07/15/2039	$	536		94

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MORTGAGE-BACKED SECURITIES (continued)
FHLMC STACR Trust, Ser 2019-DNA1, Cl M2
4.668%, VAR ICE LIBOR USD 1 Month+2.650%, 01/25/2049 (A)	$	270	$	274
FHLMC Structured Agency Credit Risk Debt Notes, Ser 2015-HQA2, Cl M3
6.818%, VAR ICE LIBOR USD 1 Month+4.800%, 05/25/2028		360		388
FHLMC Structured Agency Credit Risk Debt Notes, Ser 2016-DNA4, Cl M3
5.818%, VAR ICE LIBOR USD 1 Month+3.800%, 03/25/2029		300		318
FNMA
3.500%,02/01/2047		3,017		3,140
FNMA CMO, Ser 2012-115, Cl DS, IO
4.082%, VAR LIBOR USD 1 Month+6.100%, 10/25/2042		695		115
FNMA CMO, Ser 2015-30, Cl SJ, IO
3.582%, VAR LIBOR USD 1 Month+5.600%, 05/25/2045		890		134
FNMA CMO, Ser 2016-69, Cl BS, IO
4.082%, VAR LIBOR USD 1 Month+6.100%, 10/25/2046		1,240		177
FNMA Connecticut Avenue Securities, Ser 2017-C05, Cl 1M2
4.218%, VAR ICE LIBOR USD 1 Month+2.200%, 01/25/2030		1,275		1,292
FNMA Connecticut Avenue Securities, Ser 2018-C03, Cl 1M2C
4.168%, VAR ICE LIBOR USD 1 Month+2.150%, 10/25/2030		2,470		2,439
FNMA Connecticut Avenue Securities, Ser 2018-C06, Cl 1M2
4.018%, VAR ICE LIBOR USD 1 Month+2.000%, 03/25/2031		410		411
FNMA TBA
4.500%, 11/15/2034 to 10/15/2042		19,000		20,009
3.500%,10/15/2042		19,000		19,488
GNMA CMO, Ser 2010-9, Cl XD, IO
4.573%, VAR LIBOR USD 1 Month+6.600%, 01/16/2040		2,699		523
GNMA CMO, Ser 2013-124, Cl CS, IO
4.006%, VAR LIBOR USD 1 Month+6.050%, 08/20/2043		295		48
GNMA CMO, Ser 2014-117, Cl SJ, IO
3.556%, VAR LIBOR USD 1 Month+5.600%, 08/20/2044		842		142
GNMA CMO, Ser 2014-158, Cl SA, IO
3.573%, VAR LIBOR USD 1 Month+5.600%, 10/16/2044		396		58
GNMA CMO, Ser 2015-110, Cl MS, IO
3.666%, VAR LIBOR USD 1 Month+5.710%, 08/20/2045		463		67

240 SEI Institutional Managed Trust / Annual Report / September 30, 2019

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MORTGAGE-BACKED SECURITIES (continued)
GNMA CMO, Ser 2015-111, Cl IM, IO
4.000%, 08/20/2045	$	3,982	$	519
GNMA CMO, Ser 2015-126, Cl IQ, IO
4.000%, 09/20/2045		919		108
GNMA CMO, Ser 2015-126, Cl IM, IO
4.000%, 09/20/2045		919		97
GNMA CMO, Ser 2015-168, Cl IP, IO
4.000%, 11/20/2045		1,651		154
GNMA CMO, Ser 2015-57, Cl AS, IO
3.556%, VAR LIBOR USD 1 Month+5.600%, 04/20/2045		3,260		465
GNMA CMO, Ser 2016-109, Cl IH, IO
4.000%, 10/20/2045		2,259		283
GNMA CMO, Ser 2016-27, Cl IA, IO
4.000%, 06/20/2045		1,217		122
				50,865
Non-Agency Mortgage-Backed Obligations — 4.4%
Alternative Loan Trust, Ser 2005-81, Cl A1
2.298%, VAR ICE LIBOR USD 1 Month+0.280%, 02/25/2037		797		736
Bancorp Commercial Mortgage Trust, Ser 2018-CR3, Cl A
2.878%, VAR ICE LIBOR USD 1 Month+0.850%, 01/15/2033 (A)		819		816
BCAP Trust, Ser 2006-AA2, Cl A1
2.188%, VAR ICE LIBOR USD 1 Month+0.170%, 01/25/2037		550		528
BCAP Trust, Ser 2007-AA2, Cl 2A7
6.000%, 04/25/2037		752		616
BX Commercial Mortgage Trust, Ser 2018- BIOA, Cl E
3.979%, VAR ICE LIBOR USD 1 Month+1.951%, 03/15/2037 (A)		2,000		2,006
BX Commercial Mortgage Trust, Ser IMC, Cl E
4.178%, VAR ICE LIBOR USD 1 Month+2.150%, 04/15/2034 (A)		1,970		1,981
BX Trust, Ser 2018-GWMZ, Cl MC
7.515%, VAR ICE LIBOR USD 1 Month+5.488%, 05/15/2037 (A)		1,100		1,094
Capmark Military Housing Trust, Ser 2007- AET2, Cl A
6.063%, 10/10/2052 (A)		951		1,167
CGMS Commercial Mortgage Trust, Ser 2017- MDRA, Cl C
3.878%, 07/10/2030 (A)(G)		1,620		1,591
Chase Mortgage Finance Trust, Ser 2007-S5, Cl 1A3
6.000%, 07/25/2037		1,132		833

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MORTGAGE-BACKED SECURITIES (continued)
Connecticut Avenue Securities Trust, Ser 2018-R07, Cl 1M2
4.418%, VAR ICE LIBOR USD 1 Month+2.400%, 04/25/2031 (A)	$	820	$	828
Connecticut Avenue Securities Trust, Ser 2019-R02, Cl 1M2
4.318%, VAR ICE LIBOR USD 1 Month+2.300%, 08/25/2031 (A)		250		251
CSMC, Ser 2014-USA, Cl E
4.373%, 09/15/2037 (A)		320		307
CSWF, Ser 2018-TOP, Cl D
3.828%, VAR ICE LIBOR USD 1 Month+1.800%, 08/15/2035 (A)		1,340		1,340
FHLMC Structured Agency Credit Risk Debt Notes, Ser 2017-DNA1, Cl M2
5.268%, VAR ICE LIBOR USD 1 Month+3.250%, 07/25/2029		1,570		1,646
GE Business Loan Trust, Ser 2007-1, Cl C
2.478%, VAR ICE LIBOR USD 1 Month+0.450%, 04/16/2035 (A)		544		522
GMACM Mortgage Loan Trust, Ser 2005-AF2, Cl A1
6.000%, 12/25/2035		1,430		1,406
GreenPoint Mortgage Funding Trust, Ser 2005-AR1, Cl A2
2.458%, VAR ICE LIBOR USD 1 Month+0.440%, 06/25/2045		441		418
GreenPoint Mortgage Funding Trust, Ser 2006-AR1, Cl A1A
2.598%, VAR ICE LIBOR USD 1 Month+0.580%, 02/25/2036		1,136		1,105
GS Mortgage Securities Trust, Ser 2017-STAY, Cl E
4.178%, VAR ICE LIBOR USD 1 Month+2.150%, 07/15/2032 (A)		1,000		978
GS Mortgage Securities Trust, Ser 2018- SRP5, Cl C
5.731%, 09/15/2031		1,970		1,970
HarborView Mortgage Loan Trust, Ser 2006-10, Cl 2A1B
2.297%, VAR ICE LIBOR USD 1 Month+0.240%, 11/19/2036		2,838		2,396
Impac CMB Trust, Ser 2005-4, Cl 1M1
2.663%, VAR ICE LIBOR USD 1 Month+0.645%, 05/25/2035		1,576		1,526
JPMCC Commercial Mortgage Securities Trust, Ser 2019-BOLT, Cl XCP, IO
2.052%, 07/15/2034 (A)(G)		2,609		93
JPMCC Commercial Mortgage Securities Trust, Ser 2019-BOLT, Cl C
5.828%, VAR ICE LIBOR USD 1 Month+3.800%, 07/15/2034 (A)		1,870		1,869

SEI Institutional Managed Trust / Annual Report / September 30, 2019 241

SCHEDULE OF INVESTMENTS

September 30, 2019

Multi-Asset Income Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MORTGAGE-BACKED SECURITIES (continued)
JPMorgan Chase Commercial Mortgage Securities, Ser BKWD, Cl E
4.650%, VAR ICE LIBOR USD 1 Month+2.600%, 09/15/2029 (A)	$	1,730	$	1,735
Lone Star Portfolio Trust, Ser 2015-LSP, Cl E
7.878%, VAR ICE LIBOR USD 1 Month+5.850%, 09/15/2028 (A)		1,280		1,289
Lone Star Portfolio Trust, Ser 2015-LSP, Cl F
9.178%, VAR ICE LIBOR USD 1 Month+7.150%, 09/15/2028 (A)		768		771
Mangolia Finance XI, Ser 2019-3, Cl A
4.999%, 08/09/2024		1,000		1,000
Morgan Stanley Re-REMIC Trust, Ser 2010-R5, Cl 4B
3.368%, 06/26/2036 (A)		433		402
Motel 6 Trust, Ser 2017-MTL6, Cl F
6.278%, VAR ICE LIBOR USD 1 Month+4.250%, 08/15/2034 (A)		1,265		1,272
Nomura Asset Acceptance Alternative Loan Trust, Ser 2003-A1, Cl M
6.585%, 05/25/2033 (G)		807		831
Nomura Resecuritization Trust, Ser 2015-4R, Cl 5A1
5.172%, VAR ICE LIBOR USD 1 Month+0.430%, 03/26/2036 (A)		609		620
RALI Series Trust, Ser 2006-QO2, Cl A2
2.288%, VAR ICE LIBOR USD 1 Month+0.270%, 02/25/2046		1,548		587
RALI Series Trust, Ser 2007-QO2, Cl A1
2.168%, VAR ICE LIBOR USD 1 Month+0.150%, 02/25/2047		1,127		619
Seasoned Credit Risk Transfer Trust, Ser 2018-3, Cl M
4.750%, 08/25/2057 (A)(G)		1,125		1,146
Shops at Crystals Trust, Ser 2106-CSTL, Cl D
3.856%, 07/05/2036 (A)(G)		885		852
Stonemont Portfolio Trust, Ser 2017-MONT, Cl F
5.644%, VAR ICE LIBOR USD 1 Month+3.600%, 08/20/2030 (A)		1,933		1,934
Structured Adjustable Rate Mortgage Loan Trust, Ser 2005-19XS, Cl 2A1
2.318%, VAR ICE LIBOR USD 1 Month+0.300%, 10/25/2035		526		529
WaMu Mortgage Pass-Through Certificates Trust, Ser 2007-OA2, Cl 1A
3.146%, VAR 12 Month Treas Avg+0.700%, 03/25/2047		782		721

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MORTGAGE-BACKED SECURITIES (continued)
Wells Fargo Mortgage-Backed Securities Trust, Ser 2005-AR12, Cl 2A5
4.995%, 06/25/2035(G)	$	215	$	224
				42,555
Total Mortgage-Backed Securities (Cost $92,438) ($ Thousands)				93,420
ASSET-BACKED SECURITIES — 8.6%
Automotive — 0.4%
Avis Budget Rental Car Funding AESOP, Ser 2019-3A, Cl C
3.150%, 03/20/2026 (A)		820		817
Hertz Vehicle Financing II, Ser 2016-2A, Cl C
4.990%, 03/25/2022 (A)		3,000		3,072
				3,889
Mortgage Related Securities — 1.3%
ACE Securities Home Equity Loan Trust, Ser 2004-HE3, Cl M1
2.948%, VAR ICE LIBOR USD 1 Month+0.930%, 11/25/2034		771		775
Aegis Asset Backed Securities Trust, Ser 2005-5, Cl M1
2.448%, VAR ICE LIBOR USD 1 Month+0.430%, 12/25/2035		990		963
Asset-Backed Securities Home Equity Loan Trust Series RFC, Ser 2007-HE1, Cl A4
2.158%, VAR ICE LIBOR USD 1 Month+0.140%, 12/25/2036		2,117		2,050
Citigroup Mortgage Loan Trust, Ser 2005- OPT4, Cl M5
2.638%, VAR ICE LIBOR USD 1 Month+0.620%, 07/25/2035		500		501
Countrywide Asset-Backed Certificates, Ser 2006-12, Cl 1A
2.148%, VAR ICE LIBOR USD 1 Month+0.130%, 12/25/2036		1,506		1,409
First Franklin Mortgage Loan Trust, Ser 2006-FF15, Cl A5
2.178%, VAR ICE LIBOR USD 1 Month+0.160%, 11/25/2036		1,793		1,754
JPMorgan Mortgage Acquisition Trust, Ser 2007-CH5, Cl A5
2.278%, VAR ICE LIBOR USD 1 Month+0.260%, 06/25/2037		1,400		1,380
Popular ABS Mortgage Pass-Through Trust, Ser 2005-6, Cl A4
3.722%, 01/25/2036		879		878

242 SEI Institutional Managed Trust / Annual Report / September 30, 2019

Description	Face Amount (Thousands)		Market Value ($ Thousands)
ASSET-BACKED SECURITIES (continued)
Structured Asset Securities Mortgage Loan Trust, Ser 2006-GEL4, Cl M1
2.525%, VAR ICE LIBOR USD 1 Month+0.380%, 10/25/2036 (A)	$	2,490	$	2,493
Wachovia Asset Securitization Issuance II, Ser 2007-HE1, Cl A
2.158%, VAR ICE LIBOR USD 1 Month+0.140%, 07/25/2037 (A)		427		407
				12,610
Other Asset-Backed Securities — 6.3%
Academic Loan Funding Trust, Ser 2012-1A, Cl A2
3.118%, VAR ICE LIBOR USD 1 Month+1.100%, 12/27/2044 (A)		1,073		1,073
ACIS CLO, Ser 2014-4A, Cl A
3.673%, VAR ICE LIBOR USD 3 Month+1.420%, 05/01/2026 (A)		433		434
American Tower Trust, Ser 2013-13, Cl 2A
3.070%, 03/15/2048 (A)		1,660		1,687
Ares XXV CLO, Ser 2013-3A, Cl SUB
0.000%, 01/17/2024 (A)(B)(I)		750		1
Atlas Senior Loan Fund III, Ser 2017-1A, Cl AR
2.954%, VAR ICE LIBOR USD 3 Month+0.830%, 11/17/2027 (A)		1,000		999
Avery Point VI CLO, Ser 2018-6A, Cl DR
5.237%, VAR ICE LIBOR USD 3 Month+2.950%, 08/05/2027 (A)		860		843
Benefit Street Partners CLO IV, Ser 2019-IVA, Cl CRR
6.078%, VAR ICE LIBOR USD 3 Month+3.800%, 01/20/2029 (A)		370		369
BlueMountain CLO, Ser 2018-1A, Cl CR
4.128%, VAR ICE LIBOR USD 3 Month+1.850%, 04/20/2027 (A)		700		688
BlueMountain CLO, Ser 2018-2A, Cl AR2
3.186%, VAR ICE LIBOR USD 3 Month+1.050%, 11/20/2028 (A)		340		340
BlueMountain CLO, Ser 2018-2A, Cl ER
7.500%, VAR ICE LIBOR USD 3 Month+5.200%, 07/18/2027 (A)		1,000		893
Carlyle Global Market Strategies CLO, Ser 2018-2RA, Cl A1
3.208%, VAR ICE LIBOR USD 3 Month+1.050%, 05/15/2031 (A)		1,060		1,053
Carlyle US CLO, Ser 2017-1A, Cl A1B
3.508%, VAR ICE LIBOR USD 3 Month+1.230%, 04/20/2031 (A)		650		651
Catskill Park CLO, Ser 2017-1A, Cl D
8.278%, VAR ICE LIBOR USD 3 Month+6.000%, 04/20/2029 (A)		700		662

Description	Face Amount (Thousands)		Market Value ($ Thousands)
ASSET-BACKED SECURITIES (continued)
Cent CLO 24, Ser 2018-24A, Cl CR
5.453%, VAR ICE LIBOR USD 3 Month+3.150%, 10/15/2026 (A)	$	520	$	515
Copper River CLO, Ser 2006-1A
0.000%, 01/20/2021 (A)(I)		3,000		4
Crown Point CLO III, Ser 2017-3A, Cl A1BR
3.213%, VAR ICE LIBOR USD 3 Month+0.910%, 12/31/2027 (A)		2,000		1,998
Cumberland Park CLO, Ser 2018-2A, Cl DR
4.978%, VAR ICE LIBOR USD 3 Month+2.700%, 07/20/2028 (A)		500		493
Cumberland Park CLO, Ser 2018-2A, Cl ER
7.928%, VAR ICE LIBOR USD 3 Month+5.650%, 07/20/2028 (A)		600		589
Dividend Solar Loans, Ser 2019-1, Cl A
3.670%, 08/22/2039 (A)		653		659
Dryden 57 CLO, Ser 2018-57A, Cl B
3.508%, VAR ICE LIBOR USD 3 Month+1.350%, 05/15/2031 (A)		1,250		1,215
Dryden 57 CLO, Ser 2018-57A, Cl C
3.858%, VAR ICE LIBOR USD 3 Month+1.700%, 05/15/2031 (A)		1,250		1,193
Flagship VII, Ser 2017-7A, Cl A1R
3.398%, VAR ICE LIBOR USD 3 Month+1.120%, 01/20/2026 (A)		123		123
Flagship VII, Ser 2017-7A, Cl CR
4.628%, VAR ICE LIBOR USD 3 Month+2.350%, 01/20/2026 (A)		1,500		1,499
Flatiron CLO 17, Ser 2017-1A, Cl A
3.408%, VAR ICE LIBOR USD 3 Month+1.250%, 05/15/2030 (A)		500		500
Gilbert Park CLO, Ser 2017-1A, Cl E
8.703%, VAR ICE LIBOR USD 3 Month+6.400%, 10/15/2030 (A)		750		721
Halcyon Loan Advisors Funding, Ser 2012- 1A, Cl B
5.158%, VAR ICE LIBOR USD 3 Month+3.000%, 08/15/2023 (A)		500		502
Halcyon Loan Advisors Funding, Ser 2013- 1A, Cl A1
3.453%, VAR ICE LIBOR USD 3 Month+1.150%, 04/15/2025 (A)		6		6
Jackson Mill CLO, Ser 2018-1A, Cl DR
5.103%, VAR ICE LIBOR USD 3 Month+2.800%, 04/15/2027 (A)		1,250		1,238
Jamestown CLO X, Ser 2017-10A, Cl A1
3.553%, VAR ICE LIBOR USD 3 Month+1.250%, 07/17/2029 (A)		750		752
KKR CLO 11, Ser 2017-11, Cl AR
3.483%, VAR ICE LIBOR USD 3 Month+1.180%, 01/15/2031 (A)		350		349

SEI Institutional Managed Trust / Annual Report / September 30, 2019 243

SCHEDULE OF INVESTMENTS

September 30, 2019

Multi-Asset Income Fund (Continued)

Description		Face Amount (Thousands)		Market Value ($ Thousands)
ASSET-BACKED SECURITIES (continued)
KKR CLO, Ser 2018-21, Cl A
3.303%, VAR ICE LIBOR USD 3 Month+1.000%, 04/15/2031 (A)	$	500	$	495
LCM XXII, Ser 2018-22A, Cl DR
7.778%, VAR ICE LIBOR USD 3 Month+5.500%, 10/20/2028 (A)		600		536
Legacy Mortgage Asset Trust, Ser 2019-GS1, Cl A1
4.000%, 01/25/2059 (A)		729		737
Madison Park Funding XXI, Ser 2016-21A, Cl A1
3.806%, VAR ICE LIBOR USD 3 Month+1.530%, 07/25/2029 (A)		1,090		1,090
Madison Park Funding XXVI, Ser 2017-26A, Cl AR
3.456%, VAR ICE LIBOR USD 3 Month+1.200%, 07/29/2030 (A)		710		710
Marathon CLO, Ser 2005-2A
0.000%, 12/20/2019 *(A)(B)(I)		750		–
Marathon CLO V, Ser 2017-5A, Cl A1R
3.022%, VAR ICE LIBOR USD 3 Month+0.870%, 11/21/2027 (A)		1,200		1,193
Marathon CLO V, Ser 2017-5A, Cl A2R
3.602%, VAR ICE LIBOR USD 3 Month+1.450%, 11/21/2027 (A)		1,000		991
Mariner CLO, Ser 2017-4A, Cl A
3.477%, VAR ICE LIBOR USD 3 Month+1.210%, 10/26/2029 (A)		2,650		2,652
MidOcean Credit CLO I, Ser 2018-1A, Cl A2RR
3.603%, VAR ICE LIBOR USD 3 Month+1.300%, 01/15/2024 (A)		1,000		985
MidOcean Credit CLO VII, Ser 2017-7A, Cl B
4.203%, VAR ICE LIBOR USD 3 Month+1.900%, 07/15/2029 (A)		750		749
Neuberger Berman CLO XVII, Ser 2017-17A, Cl ER
8.828%, VAR ICE LIBOR USD 3 Month+6.550%, 04/22/2029 (A)		250		238
N-Star REL CDO VIII, Ser 2006-8A, Cl A2
2.590%, VAR LIBOR USD 1 Month+0.360%, 02/01/2041 (A)		649		644
Oaktree CLO, Ser 2019-1A, Cl D
6.078%, VAR ICE LIBOR USD 3 Month+3.800%, 04/22/2030 (A)		250		246
OCP CLO, Ser 2017-13A, Cl A1A
3.563%, VAR ICE LIBOR USD 3 Month+1.260%, 07/15/2030 (A)		1,700		1,702
Octagon Investment Partners XIX, Ser 2017- 1A, Cl AR
3.403%, VAR ICE LIBOR USD 3 Month+1.100%, 04/15/2026 (A)		412		412

Description		Face Amount (Thousands)		Market Value ($ Thousands)
ASSET-BACKED SECURITIES (continued)
Octagon Investment Partners XXIII, Ser 2018- 1A, Cl ER
8.053%, VAR ICE LIBOR USD 3 Month+5.750%, 07/15/2027 (A)	$	450	$	434
OZLM VII, Ser 2018-7RA, Cl CR
5.303%, VAR ICE LIBOR USD 3 Month+3.000%, 07/17/2029 (A)		900		845
OZLM XI, Ser 2017-11A, Cl BR
4.566%, VAR ICE LIBOR USD 3 Month+2.300%, 10/30/2030 (A)		600		592
OZLM XII, Ser 2015-12A, Cl D
7.666%, VAR ICE LIBOR USD 3 Month+5.400%, 04/30/2027 (A)		700		627
PPM CLO 3, Ser 2019-3A, Cl A
3.874%, VAR ICE LIBOR USD 3 Month+1.400%, 07/17/2030 (A)		350		350
Recette CLO, Ser 2017-1A, Cl BR
3.578%, VAR ICE LIBOR USD 3 Month+1.300%, 10/20/2027 (A)		1,000		987
Scholar Funding Trust, Ser 2011-A, Cl A
3.156%, VAR ICE LIBOR USD 3 Month+0.900%, 10/28/2043 (A)		1,060		1,061
Shackleton VIII CLO, Ser 2017-8A, Cl A2R
3.198%, VAR ICE LIBOR USD 3 Month+0.920%, 10/20/2027 (A)		4,500		4,502
Sound Point CLO III, Ser 2018-2RA, Cl A1
3.547%, VAR ICE LIBOR USD 3 Month+0.950%, 04/15/2029 (A)		2,100		2,088
Sound Point CLO XXIII, Ser 2019-2A, Cl A1
3.879%, VAR ICE LIBOR USD 3 Month+1.400%, 04/15/2032 (A)		5,460		5,463
TIAA CLO II, Ser 2017-1A, Cl A
3.872%, VAR ICE LIBOR USD 3 Month+1.280%, 04/20/2029 (A)		2,500		2,501
Tralee CLO III, Ser 2017-3A, Cl BRR
3.728%, VAR ICE LIBOR USD 3 Month+1.450%, 10/20/2027 (A)		2,300		2,269
Tryon Park CLO, Ser 2018-1A, Cl A1SR
3.193%, VAR ICE LIBOR USD 3 Month+0.890%, 04/15/2029 (A)		2,100		2,098
Venture 31 CLO, Ser 2018-31A, Cl A1
3.308%, VAR ICE LIBOR USD 3 Month+1.030%, 04/20/2031 (A)		680		674
Voya CLO, Ser 2018-2A, Cl ER
7.659%, VAR ICE LIBOR USD 3 Month+5.400%, 07/23/2027 (A)		750		718
Voya CLO, Ser 2018-3A, Cl A1A
3.453%, VAR ICE LIBOR USD 3 Month+1.150%, 10/15/2031 (A)		750		747

244 SEI Institutional Managed Trust / Annual Report / September 30, 2019

Description		Face Amount (Thousands)		Market Value ($ Thousands)
ASSET-BACKED SECURITIES (continued)
Whitehorse XII, Ser 2018-12A, Cl D
5.953%, VAR ICE LIBOR USD 3 Month+3.650%, 10/15/2031 (A)	$	250	$	243
				61,628
Student Loan — 0.6%
ECMC Group Student Loan Trust, Ser 2018-1A, Cl A
2.768%, VAR ICE LIBOR USD 1 Month+0.750%, 02/27/2068 (A)		3,066		3,045
EFS Volunteer No. 3, Ser 2012-1, Cl A3
3.018%, VAR ICE LIBOR USD 1 Month+1.000%, 04/25/2033 (A)		712		716
Montana Higher Education Student Assistance, Ser 2012-1, Cl A3
3.094%, VAR ICE LIBOR USD 1 Month+1.050%, 07/20/2043		700		700
Scholar Funding Trust, Ser 2012-B, Cl A2
3.144%, VAR ICE LIBOR USD 1 Month+1.100%, 03/28/2046 (A)		1,204		1,205
				5,666
Total Asset-Backed Securities (Cost $88,719) ($ Thousands)				83,793
LOAN PARTICIPATIONS — 8.3%
1011778 B.C. Unlimited Liability Company (New Red Finance, Inc.) (aka Burger King/ Tim Hortons), Term B-3 Loan, 1st Lien
4.294%, VAR LIBOR+2.250%, 02/16/2024		910		913
Academy, Ltd., Initial Term Loan, 1st Lien
6.100%, VAR LIBOR+4.000%, 07/01/2022		664		462
Acosta, Inc. (fka Acosta Holdco, Inc.), Dollar Revolving Credit Loan, 1st Lien
7.250%, VAR LIBOR+3.250%, 09/26/2019 (B)		764		305
Acosta, Inc. (fka Acosta Holdco, Inc.), Multicurrency Revolving Credit Loan, 1st Lien
7.500%, VAR LIBOR+3.250%, 09/26/2019 (B)		888		355
Adient US LLC, Initial Term Loan, 1st Lien
6.459%, 05/06/2024		948		931
Air Medical Group Holdings, Inc., 2018 New Term Loan, 1st Lien
6.294%, VAR LIBOR+4.250%, 03/14/2025 (H)		943		881
Air Medical Group Holdings, Inc., 2018 Term Loan, 1st Lien
5.307%, VAR LIBOR+3.250%, 04/28/2022		788		736

Description		Face Amount (Thousands)		Market Value ($ Thousands)
LOAN PARTICIPATIONS (continued)
Albany Molecular Research, Inc., Initial Term Loan, 1st Lien
5.362%, 08/30/2024	$	739	$	727
Albertson’s LLC, 2019 Term B-8 Loan, 1st Lien
4.862%, 08/17/2026		430		432
Allied Universal Holdco LLC (f/k/a USAGM Holdco, LLC), Initial Term Loan, 1st Lien
6.507%, 07/10/2026		819		819
Alterra Mountain Company, Initial Bluebird Term Loan, 1st Lien
5.044%, VAR LIBOR+3.250%, 07/31/2024		562		563
AMC Entertainment Holdings, Inc. (fka AMC Entertainment Inc.), Term B-1 Loan, 1st Lien
5.230%, 04/22/2026		648		651
American Axle & Manufacturing, Inc., Tranche B Term Loan, 1st Lien
4.530%, VAR LIBOR+2.250%, 04/06/2024		123		120
4.270%, VAR LIBOR+2.250%, 04/06/2024		314		308
American Renal Holdings Inc., Term B Loan, 1st Lien
7.044%, VAR LIBOR+3.250%, 06/21/2024		929		902
APi Group, Term B Loan, 1st Lien
2.500%, 09/25/2026		550		551
Applovin Corporation, Initial Term Loan, 1st Lien
5.612%, 08/15/2025		507		507
Asurion, LLC (fka Asurion Corporation), Amendment No. 14 Replacement B-4 Term Loan, 1st Lien
5.044%, VAR LIBOR+2.750%, 08/04/2022		588		590
Asurion, LLC (fka Asurion Corporation), New B-7 Term Loan, 1st Lien
5.044%, 11/03/2024		736		739
Athenahealth, Inc., Term Loan B, 1st Lien
6.681%, 02/11/2026		824		821
6.539%, 02/11/2026		2		2
Avolon TLB Borrower 1 (US) LLC, Term B-3 Loan, 1st Lien
3.794%, VAR LIBOR+2.000%, 01/15/2025		1,265		1,269
Bausch Health Companies Inc., Initial Term Loan, 1st Lien
5.039%, VAR LIBOR+3.000%, 06/02/2025		177		178

SEI Institutional Managed Trust / Annual Report / September 30, 2019 245

SCHEDULE OF INVESTMENTS

September 30, 2019

Multi-Asset Income Fund (Continued)

Description		Face Amount (Thousands)		Market Value ($ Thousands)
LOAN PARTICIPATIONS (continued)
Berry Global, Inc. (fka Berry Plastics Corporation), Term Q Loan, 1st Lien
4.299%, VAR LIBOR+2.000%, 10/01/2022	$	826	$	830
Blackstone CQP Holdco LP, Initial Term Loan, 1st Lien
5.656%, 09/30/2024		1,898		1,905
Boyd Gaming Corporation, Refinancing Term B Loan, 1st Lien
4.166%, VAR LIBOR+2.500%, 09/15/2023		457		458
Brookfield Property REIT Inc., Initial Term B Loan, 1st Lien
4.544%, 08/27/2025		943		929
BWay Holding Company , Initial Term Loan, 1st Lien
5.590%, VAR LIBOR+3.250%, 04/03/2024		943		922
Caesars Resort Collection, LLC (fka Caesars Growth Properties Holdings, LLC), Term B Loan, 1st Lien
4.794%, VAR LIBOR+2.750%, 12/23/2024		1,477		1,467
CBS Radio Inc., Additional Term B-1 Loan, 1st Lien
4.804%, VAR LIBOR+2.750%, 11/18/2024		450		450
Change Healthcare Holdings, Inc. (fka Emdeon Inc.), Closing Date Term Loan, 1st Lien
4.544%, VAR LIBOR+2.750%, 03/01/2024		1,524		1,516
Charter NEX US, Inc., Initial Term Loan, 1st Lien
5.044%, VAR LIBOR+3.250%, 05/16/2024 (H)		943		933
CityCenter Holdings, LLC , Term B Loan, 1st Lien
4.294%, VAR LIBOR+2.250%, 04/18/2024 (H)		749		750
Commscope, Inc., Initial Term Loan, 1st Lien
5.362%, 04/06/2026		525		523
Consolidated Communications, Term Loan B
5.050%, 10/05/2023		943		905
CPG International LLC (fka CPG International Inc.),Term Loan, 1st Lien
5.933%, VAR LIBOR+3.750%, 05/05/2024		645		642
Crosby US Acquisition Corp., Initial Term Loan, 1st Lien
6.796%, 06/26/2026		1,022		999

Description		Face Amount (Thousands)		Market Value ($ Thousands)
LOAN PARTICIPATIONS (continued)
Crown Finance US, Inc., Initial Dollar Tracnhe Term Loan, 1st Lien
4.294%, 02/28/2025	$	1,270	$	1,261
CSC Holdings, LLC (fka CSC Holdings, Inc.), January 2018 Incremental Term Loan, 1st Lien
4.528%, 01/25/2026		448		448
CSC Holdings, LLC (fka CSC Holdings, Inc.), March 2017 Refinancing Term Loan, 1st Lien
4.278%, VAR LIBOR+2.250%, 07/17/2025		497		497
CWGS Group, LLC, Term Loan, 1st Lien
4.862%, 11/08/2023		1		1
4.850%, 11/08/2023		897		761
Dana Incorporated, 2018 New Term B Advance, 1st Lien
4.294%, 02/27/2026		155		156
Del Frisco’s, Term Loan, 1st Lien
8.188%, 06/27/2025 (B)		250		250
DigiCert Holdings, Inc., Initial Term Loan, 1st Lien
6.044%, 08/07/2026 (H)		1,640		1,634
6.044%, 10/31/2024		1,769		1,764
Edelman Financial Center, Term Loan B, 1st Lien
5.307%, 07/21/2025		239		239
First Eagle Holdings, Inc. (fka Arnhold and S. Bleichroeder Holdings, Inc.), Refinancing Term Loan
4.854%, 12/02/2024		60		60
Focus Financial Partners, LLC, Tranche B-2 Term Loan, 1st Lien
4.544%, 07/03/2024 (H)		828		831
Four Seasons Holdings Inc., Term Loan 2013, 1st Lien
4.044%, 11/30/2023		926		930
Getty Images, Inc., Initial Dollar Term Loan, 1st Lien
6.563%, 02/19/2026		571		568
GFL Environmental Inc., Effective Date Incremental Term Loan, 1st Lien
5.044%, 05/30/2025		459		455
Global TeleLink, Term Loan, 1st Lien
6.362%, 11/29/2025		588		562
GlobalTranz Enterprises, Inc., Initial Term Loan, 1st Lien
7.057%, 05/15/2026		531		507
Golden Nugget, Inc., Initial B Term Loan, 1st Lien
4.807%, VAR LIBOR+2.750%, 10/04/2023		103		103

246 SEI Institutional Managed Trust / Annual Report / September 30, 2019

Description		Face Amount (Thousands)		Market Value ($ Thousands)
LOAN PARTICIPATIONS (continued)
4.794%, VAR LIBOR+2.750%, 10/04/2023	$	128	$	127
GW Honos Security Corporation (Garda World Security Corporation), Term B Loan, 1st Lien
7.750%, 05/24/2024		3		3
5.632%, 05/24/2024		1,072		1,071
Hoya Midco, LLC, Initial Term Loan, 1st Lien
5.612%, 06/30/2024		939		925
iHeartCommunications, Inc. (fka Clear Channel Communications, Inc.), Initial Term Loan, 1st Lien
6.100%, 05/01/2026 (D)(H)		728		732
Immucor, Inc., Term B-3 Loan, 1st Lien
7.330%, VAR LIBOR+5.000%, 06/15/2021		440		439
Ineos Enterprises Holdings Term Loan B
6.124%, 08/28/2026		850		852
Intelsat Jackson Holdings S.A., Tranche B-3 Term Loan, 1st Lien
5.804%, 11/27/2023		267		267
Jaguar Holding Company I, LLC (fka Jaguar Holding Company I), 2018 Term Loan, 1st Lien
4.544%, VAR LIBOR+2.500%, 08/18/2022		935		936
Jane Street Group, LLC, Dollar Term Loan (2018), 1st Lien
5.044%, 08/25/2022		760		757
Level 3 Financing, Inc., Tranche B 2024 Term Loan, 1st Lien
4.353%, VAR LIBOR+2.250%, 02/22/2024		530		531
Lineage Logistics LLC Term Loan, 2nd Lien
5.112%, 02/27/2025		394		394
Lions Gate Capital Holdings LLC, Term B Loan, 1st Lien
4.362%, 03/24/2025		171		171
McAfee, LLC, Term B USD Loan
5.794%, 09/30/2024		849		851
McGraw-Hill Global Education Holdings LLC, Term Loan, 1st Lien
11.000%, 04/20/2022 (B)		300		279
McGraw-Hill Global Education Holdings, LLC, Term B Loan, 1st Lien
6.044%, VAR LIBOR+4.000%, 05/04/2022		496		465
Michaels Stores, Inc., 2018 New Replacement Term B Loan
4.546%, VAR LIBOR+2.500%, 01/30/2023		250		244

Description		Face Amount (Thousands)		Market Value ($ Thousands)
LOAN PARTICIPATIONS (continued)
Michaels Stores, Inc., 2018 New Replacement Term B Loan, 1st Lien
4.546%, VAR LIBOR+2.500%, 01/30/2023	$	696	$	679
Misys Limited, Dollar Term Loan, 1st Lien
5.696%, VAR LIBOR+3.500%, 06/13/2024		455		442
Mitchell International, Inc., Initial Term Loan, 1st Lien
5.294%, 11/29/2024		992		950
Momentive Performance Materials Inc., Initial Dollar Term Loan, 1st Lien
5.300%, 05/15/2024		658		653
MPH Acquisition Holdings LLC, Initial Term Loan, 1st Lien
4.854%, VAR LIBOR+2.750%, 06/07/2023		822		781
Navistar, Inc., Tranche B Term Loan, 1st Lien
5.530%, 11/06/2024		542		539
Nexstar Broadcasting, Inc., Term B-4 Loan, 1st Lien
4.807%, 09/21/2026 (H)		520		522
Nouryon Finance B.V., Initial Dollar Term Loan, 1st Lien
5.292%, 10/01/2025		1,592		1,557
Option Care Health, Inc., Term B Loan, 1st Lien
6.544%, 08/06/2026		830		827
Panther BF Aggregator 2 L P, Initial Dollar Term Loan, 1st Lien
5.544%, 04/30/2026		700		693
Party City Holdings Inc., 2018 Replacement Term Loan, 1st Lien
4.550%, 08/19/2022		530		524
Petco Animal Supplies, Inc., Term Loan, 1st Lien
5.506%, VAR LIBOR+3.000%, 01/26/2023		740		559
PetSmart, Inc., Amended Loan, 1st Lien
6.040%, VAR LIBOR+3.000%, 03/11/2022		721		702
Phoenix Guarantor Inc., Initial Term Loan, 1st Lien
6.567%, 03/05/2026		358		359
Ply Gem Midco, Inc., Initial Term Loan, 1st Lien
5.789%, 04/12/2025		1,733		1,694
Post Holdings, Inc., Series A Incremental Term Loan, 1st Lien
4.040%, VAR LIBOR+2.000%, 05/24/2024		540		541

SEI Institutional Managed Trust / Annual Report / September 30, 2019 247

SCHEDULE OF INVESTMENTS

September 30, 2019

Multi-Asset Income Fund (Continued)

Description		Face Amount (Thousands)		Market Value ($ Thousands)
LOAN PARTICIPATIONS (continued)
Prime Security Services Borrower, LLC (aka Protection 1 Security Solutions) , 2019 Refinancing Term B-1 Loan, 1st Lien
5.210%, 09/23/2026	$	828	$	819
Radnet Management, Inc., Term B-1 Loan, 1st Lien
5.830%, 06/30/2023		466		467
Regionalcare Hospital Partners Holdings, Inc., Term B Loan, 1st Lien
6.554%, 11/16/2025		667		667
Reynolds Group Holdings Inc., Incremental U.S. Term Loan, 1st Lien
4.794%, VAR LIBOR+2.750%, 02/05/2023		775		776
Robertshaw US Holding Corp. (fka Fox US Bidco Corp.) , Initial Term Loan, 1st Lien
5.375%, 02/28/2025		744		675
Scientific Games International, Inc., Initial Term B-5 Loan, 1st Lien
4.896%, VAR LIBOR+2.750%, 08/14/2024		699		692
4.794%, VAR LIBOR+2.750%, 08/14/2024		169		167
Securus Technologies Holdings, Inc. (fka Securus Technologies, Inc.), Initial Term Loan
6.830%, 11/01/2024		667		583
Shearer’s Foods, LLC, Term Loan, 1st Lien
6.294%, VAR LIBOR+3.938%, 06/30/2021		843		840
Sprint Communications, Inc., 2019 Incremental Term Loan, 1st Lien
5.125%, 02/02/2024		945		942
SS&C Technologies Holdings, Inc., Term B-3 Loan, 1st Lien
4.294%, 04/16/2025		431		432
SS&C Technologies Holdings, Inc., Term B-4 Loan, 1st Lien
4.294%, 04/16/2025		284		285
Staples, Inc., 2019 Refinancing New Term B-1 Loan, 1st Lien
7.123%, 04/16/2026		1,162		1,145
Stars Group Holdings B.V., USD Term Loan, 1st Lien
5.604%, 07/10/2025		28		28
Swissport International AG, Initial Term Loan, 1st Lien
4.750%, 08/14/2024		1,500		1,639
TKC Holdings, Inc. Term Loan B
5.800%, 02/01/2023		694		680
Travelport Finance (Luxembourg) S.a r.l., Initial Term Loan, 1st Lien
7.104%, 05/29/2026		1,385		1,248

Description		Face Amount (Thousands)		Market Value ($ Thousands)
LOAN PARTICIPATIONS (continued)
U.S. Renal Care, Inc., Initial Term Loan, 1st Lien
7.063%, 06/26/2026	$	1,550	$	1,461
UFC Holdings, LLC, Term Loan, 1st Lien
5.300%, 04/29/2026		798		800
UGI Energy Services, LLC, Initial Term Loan, 1st Lien
5.862%, 08/13/2026		349		351
Ultimate Software Group Inc., The, Initial Term Loan
5.794%, 05/04/2026		680		683
Uniti Group Inc., Shortfall Term Loan, 1st Lien
7.044%, VAR LIBOR+3.000%, 10/24/2022		473		460
Univision Communications Inc., 2017 Replacement Repriced First-Lien Term Loan, 1st Lien
4.794%, VAR LIBOR+2.750%, 03/15/2024		482		468
USI, Inc. (fka Compass Investors Inc.), 2017 New Term Loan, 1st Lien
5.104%, 05/16/2024		943		926
Vertafore, Inc., Initial Term Loan, 1st Lien
5.294%, 07/02/2025 (H)		943		915
VFH Parent LLC, Initial Term Loan, 1st Lien
5.632%, 03/01/2026 (H)		30		30
Virgin Media Bristol LLC, K Facility, Term Loan, 1st Lien
4.528%, VAR LIBOR+2.500%, 01/15/2026		935		935
Welbilt, Inc. (fka Manitowoc Foodservice, Inc.), Term B Loan (2018), 1st Lien
4.612%, 10/23/2025		350		350
Wink Holdco, Inc., Initial Term Loan, 1st Lien
5.044%, 12/02/2024		775		761
WMG Acquisition Corp., Tranche F Term Loan, 1st Lien
4.169%, 11/01/2023		950		950
WP City, Term Loan, 1st Lien
6.706%, 08/13/2026		550		544
Total Loan Participations (Cost $82,629) ($ Thousands)				80,803
U.S. TREASURY OBLIGATIONS — 0.6%
U.S. Treasury Notes
1.625%, 03/15/2020		3,780		3,776

248 SEI Institutional Managed Trust / Annual Report / September 30, 2019

Description	Face Amount (Thousands)		Market Value ($ Thousands)
U.S. TREASURY OBLIGATIONS (continued)
United States Treasury Bill
1.965%, 02/06/2020 (E)	$	2,060	$	2,047
Total U.S. Treasury Obligations (Cost $5,820) ($ Thousands)				5,823
CONVERTIBLE BONDS — 0.4%
Cheniere Energy
4.250%, 03/15/2045		460		355
Innovate Capital Pte
6.000%, 12/11/2024		62		30
Liberty Media
2.125%, 03/31/2048 (A)		1,090		1,114
Okta
0.125%, 09/01/2025 (A)		320		290
Teva Pharmaceutical Finance
0.250%, 02/01/2026		930		842
Vishay Intertechnology
2.250%, 06/15/2025		1,030		963
Zillow Group
0.750%, 09/01/2024 (A)		260		248
1.375%, 09/01/2026 (A)		260		243
Total Convertible Bonds (Cost $4,076) ($ Thousands)				4,085
MUNICIPAL BONDS — 0.3%
Illinois — 0.2%
Illinois State, GO
7.350%, 07/01/2035		225		274
5.100%, 06/01/2033		1,895		2,053
				2,327
Puerto Rico — 0.1%
Puerto Rico Sales Tax Financing Sales Tax Revenue, Ser A-1, RB Callable 07/01/2025 @ 100
4.500%, 07/01/2034		59		63
Puerto Rico Sales Tax Financing Sales Tax Revenue, Ser A-1, RB Callable 07/01/2028 @ 100
5.000%, 07/01/2058		550		580
4.750%, 07/01/2053		218		226
4.550%, 07/01/2040		29		30
				899
Total Municipal Bonds (Cost $2,878) ($ Thousands)				3,226

Description	Shares			Market Value ($ Thousands)
PREFERRED STOCK — 0.0%
Financials — 0.0%
B. Riley Financial, 6.500%		18,100		$	460
Total Preferred Stock (Cost $452) ($ Thousands)					460
Total Investments in Securities — 96.5% (Cost $908,631) ($ Thousands)				$	943,929
	Contracts
PURCHASED OPTIONS* — 0.1%
Total Purchased Options(J) (Cost $552) ($ Thousands)		27,090,189		$	676
WRITTEN OPTIONS* — (0.1)%
Total Written Options(J) (Premiums Received $2,611) ($ Thousands)		(46,270,658	)	$	(1,341	)

SEI Institutional Managed Trust / Annual Report / September 30, 2019 249

SCHEDULE OF INVESTMENTS

September 30, 2019

Multi-Asset Income Fund (Continued)

A list of the open exchange traded options contracts held by the Fund at September 30, 2019 is as follows:

Description	Number of Contracts			Notional Amount (Thousands)			Exercise Price		Expiration Date		Value (Thousands)
PURCHASED OPTIONS — 0.1%
Put Options
December 2019, S&P 500 E-mini 3rd Week Option*		17		$	2,532			$2,750.00		12/21/19	$	28
November 2019, S&P 500 E-mini 3rd Week Option*		24			24			2,850.00		11/16/19		36
November 2019, S&P 500 E-mini 3rd Week Option*		23			18			2,750.00		11/16/19		19
November 2019, U.S. 10-Year Future Option*		25			3,258			130.00		10/19/19		13
October 2019, S&P 500 E-mini 3rd Week Option*		65			3			2,750.00		10/19/19		13
October 2019, S&P 500 E-mini 3rd Week Option*		35			1			2,600.00		10/19/19		2
USD PUT/JPY CALL*		5,320,000			574,932			108.04		11/16/19		46
USD PUT/RUB CALL*		3,550,000			230,083			65.28		11/16/19		49
					810,851							206
Call Options
USD CALL/EUR PUT*		6,220,000			11,820			1.13		10/19/19		233
USD CALL/EUR PUT*		3,480,000			6,613			1.13		10/19/19		119
USD CALL/EUR PUT*		5,090,000			9,673			1.11		10/19/19		112
					28,106							464
Total Purchased Options				$	838,957						$	670
WRITTEN OPTIONS — (0.1)%
Put Options
December 2019, S&P 500 E-mini 3rd Week Option*		(17	)	$	(2,532	)		2,550.00		12/21/19	$	(11	)
November 2019, S&P 500 E-mini 3rd Week Option*		(23	)		(4	)		2,550.00		11/16/19		(5	)
November 2019, S&P 500 E-mini 3rd Week Option*		(24	)		(12	)		2,700.00		11/16/19		(14	)
October 2019, S&P 500 E-mini 3rd Week Option*		(35	)		(21	)		2,400.00		10/19/19		(1	)
October 2019, S&P 500 E-mini 3rd Week Option*		(21	)		(8	)		2,500.00		10/19/19		(1	)
October 2019, S&P 500 E-mini 3rd Week Option*		(30	)		(45	)		2,550.00		10/19/19		(1	)
USD PUT/IDR CALL*		(3,600,000	)		(51,084,000	)		13,937.00		12/21/19		(8	)
USD PUT/JPY CALL*		(5,000,000	)		(540,350	)		102.70		10/19/19		(2	)
USD PUT/JPY CALL*		(2,500,000	)		(270,175	)		101.31		11/16/19		(2	)
USD PUT/RUB CALL*		(3,550,000	)		(230,083	)		62.87		11/16/19		(7	)
					(52,127,230	)						(52	)
Call Options
October 19 Calls on SPX*		(3	)		(8	)		2,995.00		10/19/19		(9	)
October 19 Calls on SPX*		(480	)		(989	)		3,005.00		10/19/19		(1,113	)
November 2019, U.S. 10 Year Future Option*		(25	)		(3,258	)		133.00		10/19/19		(2	)
USD CALL/AUD PUT*		(3,550,000	)		(2,399	)		0.66		11/16/19		(12	)
USD CALL/AUD PUT*		(3,580,000	)		(2,419	)		0.66		12/21/19		(22	)
USD CALL/CAD PUT*		(3,480,000	)		(4,607	)		1.33		10/19/19		–
USD CALL/CAD PUT*		(3,540,000	)		(4,687	)		1.36		11/16/19		(3	)
USD CALL/CAD PUT*		(3,600,000	)		(4,766	)		1.35		12/21/19		(12	)
USD CALL/EUR PUT*		(5,070,000	)		(5,526	)		1.09		10/19/19		(38	)
USD CALL/EUR PUT*		(3,480,000	)		(3,793	)		1.11		10/19/19		(63	)
USD CALL/MXN PUT*		(1,770,000	)		(34,913	)		20.53		11/16/19		(10	)
USD CALL/RUB PUT*		(3,550,000	)		(230,083	)		70.46		11/16/19		(5	)
					(297,448	)						(1,289	)

250 SEI Institutional Managed Trust / Annual Report / September 30, 2019

Description	Number of Contracts	Notional Amount (Thousands)			Exercise Price	Expiration Date	Value (Thousands)
WRITTEN OPTIONS (continued)
Total Written Options		$	(52,424,678	)			$	(1,341	)

A list of the open OTC options contracts for the Fund at September 30, 2019, is as follows:

Description	Counterparty	Number of Contracts		Notional Amount (Thousands)		Exercise Price		Expiration Date		Value (Thousands)
PURCHASED OPTION — 0.0%
Put Options
USD PUT/AUD CALL*	Citigroup		3,430,000	$	2,317	$	0.70		12/21/19	$	6
Total Purchased Options				$	2,317					$	6

^†  Represents cost.

A list of the open futures contracts held by the Fund at September 30, 2019 is as follows:

Type of Contract	Number of Contracts Long (Short)	Expiration Date	Notional Amount (Thousands)		Value (Thousands)		Unrealized Appreciation/ (Depreciation) (Thousands)
30 Day Federal Funds Futures	38	Dec-2019		$            15,556		$        15,557		$             1
30 Day Federal Funds Futures	(31)	Feb-2020		(12,684)		(12,713)		(29)
90-Day Euro$	68	Jun-2020		16,490		16,736		246
Australian 10-Year Bond	21	Dec-2019		2,110		2,087		17
Euro-Bund	(51)	Dec-2019		(9,921)		(9,688)		109
Long Gilt 10-Year Bond	(7)	Dec-2019		(1,149)		(1,158)		(4)
S&P 500 Index E-MINI	260	Dec-2019		39,078		38,721		(357)
U.S. 2-Year Treasury Note	105	Jan-2020		22,623		22,628		4
U.S. 2-Year Treasury Note	(1)	Jan-2020		(216)		(216)		1
U.S. 5-Year Treasury Note	201	Jan-2020		23,974		23,949		(25)
U.S. 5-Year Treasury Note	(677)	Jan-2020		(81,020)		(80,663)		356
U.S. 10-Year Treasury Note	1,048	Dec-2019		137,198		136,568		(631)
U.S. Long Treasury Bond	(1)	Dec-2019		(160)		(162)		(2)
U.S. Long Treasury Bond	61	Dec-2019		10,074		9,901		(173)
U.S. Ultra Long Treasury Bond	269	Dec-2019		52,453		51,623		(830)
Ultra 10-Year U.S. Treasury Note	(80)	Dec-2019		(11,571)		(11,393)		178
				$          202,835		$      201,777		$          (1,139)

A list of the open forward foreign currency contracts held by the Fund at September 30, 2019 is as follows:

Counterparty	Settlement Date			Currency to Deliver (Thousands)			Currency to Receive (Thousands)		Unrealized Appreciation (Depreciation) (Thousands)
Bank of America		12/04/19	GBP		2,503	USD		3,097	$5
Barclays PLC		10/17/19	USD		676	AUD		1,000	(1)
Barclays PLC		10/17/19	USD		1,262	CAD		1,654	(12)
Barclays PLC		10/17/19	GBP		1,560	USD		1,898	(26)
Barclays PLC		10/17/19	USD		2,218	EUR		1,990	(46)
Barclays PLC		01/17/20	USD		1,245	INR		89,201	1
Barclays PLC		10/17/19	USD		1,269	INR		89,201	(12)
Barclays PLC		10/17/19	USD		1,322	JPY		143,060	3
Barclays PLC		10/17/19 - 10/28/19	USD		1,707	JPY		180,502	(33)
Barclays PLC		10/17/19	USD		2,224	IDR		31,932,290	23
Barclays PLC		10/17/19	USD		1,038	IDR		14,743,120	—
Barclays PLC		10/17/19	USD		3,445	GBP		2,741	(65)
Barclays PLC		10/17/19	EUR		4,085	USD		4,617	158

SEI Institutional Managed Trust / Annual Report / September 30, 2019 251

SCHEDULE OF INVESTMENTS

September 30, 2019

Multi-Asset Income Fund (Continued)

Counterparty	Settlement Date			Currency to Deliver (Thousands)			Currency to Receive (Thousands)		Unrealized Appreciation (Depreciation) (Thousands)
Barclays PLC		10/17/19	MXN		63,125	USD		3,192	$             5
Barclays PLC		10/17/19	INR		89,201	USD		1,260	3
Barclays PLC		10/17/19	JPY		212,420	USD		2,009	41
Barclays PLC		11/05/19	JPY		249,449	USD		2,309	(6)
Barclays PLC		11/21/19	USD		1,599	RUB		107,851	52
Barclays PLC		11/21/19	RUB		59,446	USD		922	12
Barclays PLC		01/17/20	USD		3,148	MXN		63,125	(3)
Barclays PLC		01/17/20	IDR		14,743,120	USD		1,024	(1)
BNP Paribas		10/17/19	USD		224	EUR		200	(5)
BNP Paribas		10/17/19	EUR		279	USD		311	6
BNP Paribas		10/17/19 - 11/18/19	CAD		1,879	USD		1,412	(8)
BNP Paribas		10/17/19	AUD		4,865	USD		3,303	20
BNP Paribas		11/22/19	AUD		1,217	USD		827	5
BT Brokerage		11/27/19	EUR		17,228	USD		19,025	164
Citigroup		10/15/19	ARS		45,023	USD		950	211
Citigroup		10/17/19	USD		125	GBP		100	(1)
Citigroup		10/17/19	CAD		1,008	USD		760	(2)
Citigroup		10/17/19 - 11/27/19	USD		1,729	JPY		184,707	(17)
Citigroup		10/17/19 - 12/27/19	USD		2,037	AUD		3,002	(8)
Citigroup		10/17/19	BRL		2,360	USD		620	55
Citigroup		11/26/19	USD		506	MXN		10,148	4
Citigroup		10/17/19	USD		3,253	MXN		63,125	(66)
Citigroup		10/17/19 - 10/28/19	EUR		6,505	USD		7,297	195
Citigroup		10/17/19 - 12/27/19	AUD		6,600	USD		4,566	111
Citigroup		10/17/19	USD		545	EUR		500	—
Citigroup		10/17/19 - 10/23/19	USD		10,954	EUR		9,832	(220)
Citigroup		10/17/19 - 11/27/19	JPY		210,952	USD		2,009	53
Citigroup		10/17/19	RUB		269,550	USD		4,173	28
Citigroup		11/21/19	RUB		107,851	USD		1,598	(54)
Citigroup		11/26/19	MXN		10,148	USD		506	(4)
JPMorgan Chase Bank		10/02/19	CAD		1,008	USD		771	10
JPMorgan Chase Bank		10/10/19 - 10/17/19	USD		6,610	EUR		5,849	(226)
JPMorgan Chase Bank		10/17/19 - 01/17/20	USD		49	TWD		1,504	—
JPMorgan Chase Bank		10/17/19	USD		667	AUD		970	(13)
JPMorgan Chase Bank		10/17/19	TWD		752	USD		24	—
JPMorgan Chase Bank		10/17/19	USD		4,796	JPY		509,510	(76)
JPMorgan Chase Bank		10/17/19	EUR		10,158	USD		11,523	434
JPMorgan Chase Bank		10/17/19	JPY		27,960	USD		264	5
JPMorgan Chase Bank		10/17/19	IDR		46,675,410	USD		3,255	(30)
JPMorgan Chase Bank		11/18/19	USD		810	CAD		1,077	4
JPMorgan Chase Bank		11/21/19	USD		923	RUB		59,446	(13)
Standard Bank		11/27/19	USD		1,044	EUR		951	(3)
									$            657

252 SEI Institutional Managed Trust / Annual Report / September 30, 2019

A list of the open centrally cleared swap agreements held by the Fund at September 30, 2019 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.NA.HY.30	Sell	5.00%	Quarterly	06/20/2023		(17,300)		$        1,238		$        986		$        252
CDX.NA.HY.33	Sell	5.00%	Quarterly	12/20/2024		(6,150)		411		423		(12)
CDX.NA.HY.33	Buy	5.00%	Quarterly	12/20/2024		6,565		(438)		(425)		(13)
ICE CD Boeing Company	Sell	1.00%	Quarterly	06/20/2024		(525)		14		12		2
ICE CD CDXIG	Sell	1.00%	Quarterly	06/20/2024		(38,750)		816		865		(49)
ICE CD CDXIG	Sell	1.00%	Quarterly	12/20/2024		(36,300)		713		714		(1)
ICE CD Chile	Sell	1.00%	Quarterly	06/20/2024		(410)		13		12		1
ICE CD Columbia	Sell	1.00%	Quarterly	12/20/2023		(5,060)		60		(46)		106
ICE CD Columbia	Sell	1.00%	Quarterly	06/20/2024		(3,200)		24		10		14
ICE CD General Electric	Sell	1.00%	Quarterly	06/20/2024		(1,225)		(10)		(13)		3
ICE CD Indonesia	Sell	1.00%	Quarterly	06/20/2024		(10,780)		90		61		29
ICE CD ITXEB	Buy	1.00%	Quarterly	06/20/2024		4,800		(129)		(139)		10
ICE CD Kingdom of Saudi Arabia	Sell	1.00%	Quarterly	06/20/2024		(6,820)		95		62		33
ICE CD Lebanon	Sell	1.00%	Quarterly	06/20/2024		(50)		(19)		(13)		(6)
ICE CD Mexico	Sell	1.00%	Quarterly	06/20/2024		(1,160)		(3)		(14)		11
ICE CD Peru	Sell	1.00%	Quarterly	06/20/2024		(2,040)		49		35		14
ICE CD Peru	Sell	1.00%	Quarterly	12/20/2024		(1,620)		39		37		2
ICE CD Philippines	Sell	1.00%	Quarterly	12/20/2023		(740)		19		2		17
ICE CD Qatar	Sell	1.00%	Quarterly	06/20/2024		(1,080)		26		23		3
ICE CD Qatar	Sell	1.00%	Quarterly	12/20/2024		(860)		20		21		(1)
ICE CD Russia	Buy	1.00%	Quarterly	06/20/2023		350		(5)		3		(8)
ICE CD Russia	Buy	1.00%	Quarterly	12/20/2023		1,720		(22)		19		(41)
ICE CD South Africa	Buy	1.00%	Quarterly	12/20/2023		1,310		34		37		(3)
ICE CD Turkey	Buy	1.00%	Quarterly	12/12/2023		530		46		42		4
ICE CD Turkey	Buy	1.00%	Quarterly	06/20/2024		1,310		133		168		(35)
								$        3,214		$        2,882		$        332

Interest Rate Swaps
Fund Pays	Fund Receives	Payment Frequency	Termination Date	Currency	Notional Amount (Thousands)		Value (Thousands)		Upfront Payments/ Receipts (Thousands)			Net Unrealized Appreciation (Depreciation) (Thousands)
8.36%	28-DAY MXN - TIIE	Monthly	03/18/2020	MXN		202,525	$	(36)	$	(1	)	$	(35)
2.875%	3-MONTH USD - LIBOR	Quarterly	05/15/2044	USD		4,200		(1,004)		20			(1,024)
0.50%	6-MONTH EUR - EURIBOR	Semi-Annually	12/18/2039	EUR		540		(17)		5			(22)
1.50%	6-MONTH GBP - LIBOR	Semi-Annually	12/18/2029	GBP		660		(67)		(50)			(17)
0.75%	6-MONTH EUR - EURIBOR	Semi-Annually	12/18/2029	EUR		1,330		(116)		(127)			11
3 MONTH USD - LIBOR	1.2951%	Semi-Annually	05/15/2029	USD		15,240		(340)		(522)			182
0.20%	6-MONTH EUR - EURIBOR	Semi-Annually	12/18/2026	EUR		3,710		(221)		(236)			15
2.5%	3-MONTH USD - LIBOR	Quarterly	01/31/2026	USD		18,546		(1,114)		(243)			(871)
2.25%	3-MONTH USD - LIBOR	Quarterly	12/31/2025	USD		8,432		(374)		40			(414)
0.25%	6-MONTH EUR - EURIBOR	Semi-Annually	12/18/2024	EUR		4,050		(128)		(155)			27
1.86%	6-MONTH PLN - WIBOR	Semi-Annually	12/18/2024	PLN		28,030		64		(26)			90
28-DAY MXN - TIIE	7.2%	Monthly	07/17/2024	MXN		365,383		527		–			527
1-DAY BRL - CETIP	6.66%	Monthly	01/02/2023	BRL		14,850		69		11			58
3-MONTH KRW -KWCDC	1.25%	Quarterly	12/18/2021	KRW		22,115,740		19		–			19
1.75%	3-MONTH USD - LIBOR	Quarterly	12/18/2021	USD		4,720		1		(21)			22
7.95%	28-DAY MXN - TIIE	Monthly	06/16/2021	MXN		35,450		(37)		–			(37)
1-DAY BRL - CETIP	8.00%	Monthly	01/04/2021	BRL		3,700		34		–			34
3-MONTH ZAR - JIBAR	6.50%	Quarterly	12/18/2020	ZAR		79,490		(3)		–			(3)
2.75%	3-MONTH USD - LIBOR	Quarterly	08/15/2044	USD		4,284		(921)		(14)			(907)

SEI Institutional Managed Trust / Annual Report / September 30, 2019 253

SCHEDULE OF INVESTMENTS

September 30, 2019

Multi-Asset Income 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)
1.4846		3-MONTH USD - LIBOR		Quarterly		05/15/2045		USD		15,700	$	765		$	1,268		$	(503	)
											$	(2,899	)	$	(51	)	$	(2,848	)

A list of open OTC swap agreements held by the Fund at September 30, 2019 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		7.024%		Annually		01/04/2027		BRL		3,600		$                5			$              –		$                  5
JPMorgan Chase Bank		1-DAY BRL - CETIP		7.044%		Annually		01/04/2027		BRL		3,000		3			–		3
Citibank		1-DAY BRL - CETIP		7.024%		Annually		01/04/2027		BRL		4,300		5			2		3
Citibank		1-DAY BRL - CETIP		7.024%		Annually		01/04/2027		BRL		4,628		4			3		1
Citibank		1-DAY BRL - CETIP		6.870%		Annually		01/04/2027		BRL		15,030		(31)			–		(31)
													$	(14	)	$	5	$	(19	)

Percentages are based on Net Assets of $977,832 ($ 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, 2019, the value of these securities amounted to $321,805 ($ Thousands), representing 32.9% of the Net Assets of the Fund.

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

(C) Securities considered illiquid. The total value of such securities as of September 30, 2019 was $2,115 ($ Thousands) and represented 0.2% of the Net Assets of the Fund (See Note 2).

(D) Security is in default on interest payment.

(E) Zero coupon security. The rate shown on the Schedule of Investments is the security’s effective yield at the time of purchase.

(F) Step Bonds – Represents the current rate, the step rate, the step date and the final maturity date.

(G) 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.

(H) Unsettled bank loan. Interest rate may not be available.

(I) Interest Rate Unavailable.

(J) Refer to table below for details on Options Contracts.

ABS — Asset-Backed Security

ARS — Argentine Peso

AUD — Australian Dollar

BADLAR— Buenos Aires Deposits of Large Amount Rate

BRL — Brazilian Real

CAD — Canadian Dollar

CDO — Collateralized Debt Obligation

CETIP — Central of Custody and Financial Settlement of Securities

Cl — Class

CLO — Collateralized Loan Obligation

CMO — Collateralized Mortgage Obligation

DAC — Designated Activity Company

EGP — Egyptian Pound

EUR — Euro

EURIBOR — Euro Interbank Offered Rate

FHLMC — Federal Home Loan Mortgage Corporation

FNMA — Federal National Mortgage Association

GBP — British Pound Sterling

GNMA — Government National Mortgage Association

GO — General Obligation

ICE— Intercontinental Exchange

IDR — Indonesian Rupiah

INR — Indian Rupee

IO — Interest Only — face amount represents notional amount.

JIBAR — Johannesburg Interbank Average Rate

JPY — Japanese Yen

JSC — Joint-Stock Company

KRW – Korean Won

LIBOR— London Interbank Offered Rate

LLC — Limited Liability Company

L.P. — Limited Partnership

Ltd. — Limited

MTN — Medium Term Note

MXN — Mexican Peso

MXN-TIIE — Interbank Equilibrium Interest Rate for MXN

NASDAQ — National Association of Securities Dealers and Automated Quotations

OTC — Over the Counter

PIK — Payment-in-Kind

PLC — Public Limited Company

PLN — Polish Zloty

RB — Revenue Bond

REIT — Real Estate investment Trust

RUB — Russian Ruble

S&P — Standard & Poor’s

Ser — Series

SPX — Standard & Poor’s 500 Index

TBA — To be announced

TWD — Taiwan Dollar

ULC — Unlimited Liability Company

USD — United States Dollar

VAR — Variable Rate

WIBOR — Warsaw Interbank Offer Rate

ZAR — South African Rand

254 SEI Institutional Managed Trust / Annual Report / September 30, 2019

The following is a list of the level of inputs used as of September 30, 2019, in valuing the Fund’s investments and other financial instruments carried at value ($ Thousands):

Investments in Securities	Level 1 ($)		Level 2 ($)		Level 3 ($)		Total ($)
Corporate Obligations		–		423,696		–		423,696
Sovereign Debt		–		143,617		–		143,617
Common Stock		104,890		59		57		105,006
Mortgage-Backed Securities		–		93,420		–		93,420
Asset-Backed Securities		–		83,792		1		83,793
Loan Participations		–		79,614		1,189		80,803
U.S. Treasury Obligations		–		5,823		–		5,823
Convertible Bonds		–		4,085		–		4,085
Municipal Bonds		–		3,226		–		3,226
Preferred Stock		–		460		–		460
Total Investments in Securities		104,890		837,792		1,247		943,929

Other Financial Instruments	Level 1 ($)			Level 2 ($)			Level 3 ($)		Total ($)
Purchased Options		670			6			–		676
Written Options		(1,341	)		–			–		(1,341	)
Futures Contracts*
Unrealized Appreciation		912			–			–		912
Unrealized Depreciation		(2,051	)		–			–		(2,051	)
Forwards Contracts*
Unrealized Appreciation		–			1,608			–		1,608
Unrealized Depreciation		–			(951	)		–		(951	)
Centrally Cleared Swaps
Credit Default Swaps*
Unrealized Appreciation		–			501			–		501
Unrealized Depreciation		–			(169	)		–		(169	)
Interest Rate Swaps*
Unrealized Appreciation		–			985			–		985
Unrealized Depreciation		–			(3,833	)		–		(3,833	)
OTC Swaps
Interest Rate Swaps*
Unrealized Appreciation		–			12			–		12
Unrealized Depreciation		–			(31	)		–		(31	)
Total Other Financial Instruments		(1,810	)		(1,872	)		–		(3,682	)

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

The following is a reconciliation of the investments in which significant unobservable inputs (Level 3) were used in determining value ($ Thousands):

	Investments in Asset-Backed Securities			Investments in Loan Participations			Investments in Common Stock
Balance as of October 1, 2018	$	–		$	4,563		$	911
Accrued discounts/premiums		–			(12	)		–
Realized gain/(loss)		(1,646	)		(336	)		(449	)
Change in unrealized appreciation/(depreciation)		1,646			(275	)		–
Purchases		–			2,437			–
Sales		–			(4,408	)		(405	)
Net transfer into Level 3		1			–			–
Net transfer out of Level 3		–			(780	)		–
Ending Balance as of September 30, 2019	$	1		$	1,189		$	57
Changes in unrealized gains/(losses) included in earnings related to securities still held at reporting date	$	(1,373	)	$	(291	)	$	–

For the year ended September 30, 2019, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the year ended September 30, 2019, there were transfers between Level 2 and Level 3 assets and liabilities due to the availability of observable inputs to determine fair value.

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

Amounts designated as “–” are 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, 2019 255

CONSOLIDATED SCHEDULE OF INVESTMENTS

September 30, 2019

Multi-Asset Inflation Managed Fund

^†Percentages are based on total investments.

Description	Face Amount (Thousands)		Market Value ($ Thousands)
U.S. TREASURY OBLIGATIONS — 67.4%
U.S. Treasury Bills ^
2.058%, 01/30/2020 (A)	$	45,500	$	45,228
2.000%, 11/07/2019 (A)		7,000		6,988
1.982%, 12/05/2019 (A)		22,000		21,929
1.973%, 11/12/2019 (A)		1,000		998
U.S. Treasury Inflation Protected Securities (B)
2.375%, 01/15/2025		22,180		24,671
1.250%, 07/15/2020		45,406		45,589
0.625%, 07/15/2021		102,303		102,617
0.625%, 04/15/2023		43,951		44,297
0.625%, 01/15/2024		18,798		19,081
0.375%, 07/15/2023		23,274		23,405
0.375%, 07/15/2025		35,869		36,319
0.125%, 04/15/2021		11,839		11,708
0.125%, 04/15/2022		36,650		36,264
0.125%, 07/15/2022		86,681		86,275
0.125%, 01/15/2023		14,072		13,950
0.125%, 07/15/2024		19,666		19,641
0.125%, 07/15/2026		19,865		19,801
U.S. Treasury Notes ^
2.250%, 03/31/2020		1,100		1,102
2.134%, VAR US Treasury 3 Month Bill Money Market Yield+0.220%, 07/31/2021		4,000		3,997
2.053%, VAR US Treasury 3 Month Bill Money Market Yield+0.139%, 04/30/2021		3,000		2,995
2.029%, VAR US Treasury 3 Month Bill Money Market Yield+0.115%, 01/31/2021		4,500		4,494
1.894%, VAR US Treasury 3 Month Bill Money Market Yield+0.045%, 10/31/2020		2,500		2,496

Description	Face Amount (Thousands)		Market Value ($ Thousands)
U.S. TREASURY OBLIGATIONS (continued)
1.125%, 04/30/2020	$	1,700	$	1,693
Total U.S. Treasury Obligations (Cost $573,718) ($ Thousands)				575,538
	Shares
COMMON STOCK — 28.3%
Communication Services — 2.1%
Activision Blizzard Inc		7,173		380
Alphabet Inc, Cl A *		1,592		1,944
Alphabet Inc, Cl C *		1,526		1,860
AT&T Inc (B)		89,231		3,377
CenturyLink Inc		13,415		167
Cinemark Holdings Inc		2,200		85
Cogent Communications Holdings Inc		600		33
Electronic Arts Inc *		2,883		282
Facebook Inc, Cl A *		13,968		2,487
IAC/InterActiveCorp *		200		44
Iridium Communications Inc *		2,600		55
Liberty Media Corp-Liberty Formula One, Cl C *		3,000		125
Live Nation Entertainment Inc *		1,500		100
Madison Square Garden Co/The *		200		53
Netflix Inc *		3,805		1,018
Shenandoah Telecommunications Co		1,300		41
Spotify Technology SA *		300		34
Sprint Corp *		9,008		56
Take-Two Interactive Software Inc, Cl A *		1,000		125
Telephone & Data Systems Inc		1,422		37
T-Mobile US Inc *		4,027		317
TripAdvisor Inc *		800		31
Twitter Inc *		4,392		181
Verizon Communications Inc		49,844		3,009
Viacom Inc, Cl B		4,000		96
Vonage Holdings Corp *		4,800		54
Walt Disney Co/The		15,324		1,997
World Wrestling Entertainment Inc, Cl A		400		28
Zayo Group Holdings Inc *		3,761		128
Zynga Inc, Cl A *		14,800		86
				18,230
Consumer Staples — 7.3%
Altria Group Inc (B)		57,714		2,361
Andersons Inc/The		1,500		34
Archer-Daniels-Midland Co		17,479		718
B&G Foods Inc, Cl A		2,329		44
Beyond Meat Inc *		300		45
BJ’s Wholesale Club Holdings Inc *		4,800		124
Boston Beer Co Inc/The, Cl A *		350		128
Brown-Forman Corp, Cl A		1,728		103
Brown-Forman Corp, Cl B		5,669		356
Bunge Ltd		4,136		234
Calavo Growers Inc		854		81

256 SEI Institutional Managed Trust / Annual Report / September 30, 2019

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Cal-Maine Foods Inc		650	$	26
Campbell Soup Co		5,196		244
Casey’s General Stores Inc		1,297		209
Central Garden & Pet Co, Cl A *		4,600		131
Church & Dwight Co Inc		8,368		630
Clorox Co/The		3,881		589
Coca-Cola Co/The (B)		116,464		6,340
Coca-Cola Consolidated Inc		100		30
Colgate-Palmolive Co		25,648		1,885
Conagra Brands Inc		15,186		466
Constellation Brands Inc, Cl A		4,773		989
Costco Wholesale Corp		13,739		3,958
Coty Inc, Cl A		12,665		133
Darling Ingredients Inc *		5,936		113
Edgewell Personal Care Co *		1,834		60
Energizer Holdings Inc		2,713		118
Estee Lauder Cos Inc/The, Cl A		6,817		1,356
Flowers Foods Inc		7,407		171
Fresh Del Monte Produce Inc		1,189		41
Freshpet Inc *		1,300		65
General Mills Inc		18,214		1,004
Hain Celestial Group Inc/The *		2,634		57
Herbalife Nutrition Ltd *		3,708		140
Hershey Co/The		4,594		712
Hormel Foods Corp		9,018		394
Hostess Brands Inc, Cl A *		3,370		47
Ingles Markets Inc, Cl A		1,453		57
Ingredion Inc		2,082		170
Inter Parfums Inc		800		56
J&J Snack Foods Corp		727		140
JM Smucker Co/The		3,614		398
Kellogg Co		7,903		509
Keurig Dr Pepper Inc		6,485		177
Kimberly-Clark Corp		11,078		1,574
Kraft Heinz Co/The		19,618		548
Kroger Co/The		25,131		648
Lamb Weston Holdings Inc		4,305		313
Lancaster Colony Corp		650		90
Limoneira Co		2,400		44
McCormick & Co Inc/MD		3,873		605
Medifast Inc		400		42
Molson Coors Brewing Co, Cl B		5,215		300
Mondelez International Inc, Cl A		43,725		2,419
Monster Beverage Corp *		11,731		681
Nu Skin Enterprises Inc, Cl A		1,702		72
PepsiCo Inc		42,396		5,813
Performance Food Group Co *		4,195		193
Philip Morris International Inc		47,663		3,619
Pilgrim’s Pride Corp *		1,078		34
Post Holdings Inc *		2,172		230
PriceSmart Inc		1,550		110
Procter & Gamble Co/The (B)		76,029		9,456

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Rite Aid Corp *		3,190	$	22
Sanderson Farms Inc		601		91
Seaboard Corp		7		31
Simply Good Foods Co/The *		1,700		49
Spectrum Brands Holdings Inc		1,666		88
Sprouts Farmers Market Inc *		5,028		97
Sysco Corp, Cl A		14,329		1,138
Tootsie Roll Industries Inc		2,100		78
TreeHouse Foods Inc *		1,857		103
Tyson Foods Inc, Cl A (B)		8,921		768
Universal Corp/VA		822		45
US Foods Holding Corp *		7,356		302
USANA Health Sciences Inc *		500		34
Vector Group Ltd		5,329		63
Walgreens Boots Alliance Inc		23,563		1,303
Walmart Inc		43,153		5,121
WD-40 Co		327		60
Weis Markets Inc		1,300		50
				61,877
Energy — 7.0%
Antero Midstream Corp		7,900		58
Antero Resources Corp *		9,447		29
Apache Corp		18,067		462
Apergy Corp *		3,400		92
Arch Coal Inc		600		45
Archrock Inc		6,500		65
Baker Hughes a GE Co, Cl A		25,840		599
Berry Petroleum Corp		6,700		63
Brigham Minerals Inc, Cl A		2,400		48
C&J Energy Services Inc *		6,986		75
Cabot Oil & Gas Corp		20,625		362
Cactus Inc, Cl A *		2,200		64
California Resources Corp *		1,300		13
Callon Petroleum Co *		11,228		49
Carrizo Oil & Gas Inc *		2,700		23
Centennial Resource Development Inc/DE, Cl A *		7,800		35
Cheniere Energy Inc *		11,180		705
Chesapeake Energy Corp *		67,222		95
Chevron Corp (B)		93,494		11,088
Cimarex Energy Co		4,688		225
CNX Resources Corp *		9,162		66
Concho Resources Inc		9,598		652
ConocoPhillips		53,576		3,053
Continental Resources Inc/OK, Cl A		4,104		126
Contura Energy Inc *		1,000		28
CVR Energy Inc		1,600		70
Delek US Holdings Inc		3,658		133
Denbury Resources Inc *		15,000		18
Devon Energy Corp		20,233		487
DHT Holdings Inc		14,600		90

SEI Institutional Managed Trust / Annual Report / September 30, 2019 257

CONSOLIDATED SCHEDULE OF INVESTMENTS

September 30, 2019

Multi-Asset Inflation Managed Fund (Continued)

Description	Shares		Market Value     ($ Thousands)
COMMON STOCK (continued)
Diamond Offshore Drilling Inc *		10,500	$	58
Diamondback Energy Inc, Cl A		8,278		744
DMC Global Inc		500		22
Dril-Quip Inc *		1,388		70
EOG Resources Inc		28,187		2,092
EQT Corp		13,098		139
Equitrans Midstream Corp		11,398		166
Exxon Mobil Corp (B)		204,048		14,408
GasLog Ltd		2,800		36
Golar LNG Ltd		4,877		63
Green Plains Inc		3,800		40
Gulfport Energy Corp *		7,258		20
Halliburton Co		43,127		813
Helix Energy Solutions Group Inc *		7,900		64
Helmerich & Payne Inc		4,838		194
Hess Corp		13,753		832
HollyFrontier Corp		7,231		388
Jagged Peak Energy Inc *		5,500		40
Kinder Morgan Inc/DE		95,346		1,965
Kosmos Energy Ltd		24,500		153
Laredo Petroleum Inc *		6,591		16
Magnolia Oil & Gas Corp *		6,200		69
Marathon Oil Corp		38,174		468
Marathon Petroleum Corp		31,371		1,906
Matador Resources Co *		7,964		132
McDermott International Inc *		7,683		15
Murphy Oil Corp		8,258		183
Nabors Industries Ltd		20,551		38
National Oilwell Varco Inc, Cl A		20,423		433
Newpark Resources Inc, Cl A *		5,566		42
Noble Corp plc *		11,500		15
Noble Energy Inc		24,340		547
Northern Oil and Gas Inc *		29,100		57
Oasis Petroleum Inc *		16,500		57
Occidental Petroleum Corp		43,786		1,947
Oceaneering International Inc, Cl A *		4,468		61
Oil States International Inc *		2,170		29
ONEOK Inc		18,920		1,394
Par Pacific Holdings Inc *		4,300		98
Parsley Energy Inc, Cl A		12,991		218
Patterson-UTI Energy Inc		10,159		87
PBF Energy Inc, Cl A		6,929		188
PDC Energy Inc, Cl A *		3,850		107
Peabody Energy Corp		3,825		56
Phillips 66		21,367		2,188
Pioneer Natural Resources Co		8,071		1,015
ProPetro Holding Corp *		4,200		38
QEP Resources Inc		11,994		44
Range Resources Corp		9,059		35
Renewable Energy Group Inc *		2,200		33
REX American Resources Corp *		700		53
RPC Inc		4,128		23

Description	Shares		Market Value     ($ Thousands)
COMMON STOCK (continued)
Schlumberger Ltd, Cl A		68,016	$	2,324
Scorpio Tankers Inc		1,889		56
SEACOR Holdings Inc, Cl A *		1,100		52
SemGroup Corp, Cl A		2,990		49
Ship Finance International Ltd		5,300		74
SM Energy Co		4,963		48
Solaris Oilfield Infrastructure Inc, Cl A		4,300		58
Southwestern Energy Co *		28,922		56
SRC Energy Inc *		18,764		87
Talos Energy Inc *		2,200		45
Targa Resources Corp		11,743		472
Tellurian Inc *		6,700		56
Tidewater Inc *		2,500		38
Transocean Ltd *(B)		40,125		179
US Silica Holdings Inc		3,378		32
Valero Energy Corp (B)		20,115		1,715
W&T Offshore Inc *		3,500		15
Whiting Petroleum Corp *		6,452		52
Williams Cos Inc/The		59,592		1,434
World Fuel Services Corp		2,874		115
WPX Energy Inc *		20,710		219
				59,993
Health Care — 5.6%
Abbott Laboratories		18,629		1,559
AbbVie Inc		19,095		1,446
ABIOMED Inc *		424		75
Acadia Healthcare Co Inc, Cl A *		1,066		33
ACADIA Pharmaceuticals Inc *		900		32
Acceleron Pharma Inc *		2,600		103
Agilent Technologies Inc		4,336		332
Agios Pharmaceuticals Inc *		700		23
Alexion Pharmaceuticals Inc *		2,903		284
Align Technology Inc *		1,001		181
Alkermes PLC *		2,411		47
Allergan PLC		4,169		702
Allscripts Healthcare Solutions Inc *		5,900		65
Alnylam Pharmaceuticals Inc *		1,101		89
Amedisys Inc *		400		52
AmerisourceBergen Corp, Cl A		2,333		192
Amgen Inc, Cl A (B)		7,840		1,517
Amicus Therapeutics Inc *		2,893		23
AMN Healthcare Services Inc *		300		17
Anthem Inc		3,178		763
Arena Pharmaceuticals Inc *		1,100		50
Arrowhead Pharmaceuticals Inc *		3,900		110
Baxter International Inc (B)		6,257		547
Becton Dickinson and Co		3,381		855
Biogen Inc *		2,424		564
BioMarin Pharmaceutical Inc *		2,543		171
Bio-Rad Laboratories Inc, Cl A *		282		94
Bio-Techne Corp		450		88

258 SEI Institutional Managed Trust / Annual Report / September 30, 2019

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Bluebird Bio Inc *		597	$	55
Blueprint Medicines Corp *		540		40
Boston Scientific Corp *		16,450		669
Bristol-Myers Squibb Co		19,501		989
Bruker Corp		900		39
Cambrex Corp *		900		54
Cantel Medical Corp		300		22
Cardinal Health Inc		3,775		178
Catalent Inc *		2,456		117
Celgene Corp, Cl A *		8,507		845
Centene Corp *		5,286		229
Cerner Corp		3,814		260
Charles River Laboratories International Inc *		753		100
Chemed Corp		280		117
Cigna Corp		4,657		707
CONMED Corp		1,500		144
Cooper Cos Inc/The, Cl A		772		229
CVS Health Corp		15,437		974
Danaher Corp, Cl A		7,483		1,081
DaVita Inc *		1,958		112
DENTSPLY SIRONA Inc		3,504		187
DexCom Inc *		1,000		149
Edwards Lifesciences Corp, Cl A *		2,657		584
Elanco Animal Health Inc *		4,500		120
Eli Lilly & Co		11,103		1,242
Emergent BioSolutions Inc *		1,100		57
Encompass Health Corp		1,178		75
Ensign Group Inc/The		1,219		58
Exact Sciences Corp *		2,039		184
Exelixis Inc *		3,701		65
FibroGen Inc *		1,286		48
Gilead Sciences Inc (B)		15,501		982
Global Blood Therapeutics Inc *		700		34
Globus Medical Inc, Cl A *		800		41
Haemonetics Corp *		628		79
Halozyme Therapeutics Inc *		3,568		55
HCA Healthcare Inc		3,251		391
HealthEquity Inc *		500		29
Henry Schein Inc *		2,103		134
Hill-Rom Holdings Inc		1,251		132
HMS Holdings Corp *		1,600		55
Hologic Inc *		3,515		178
Horizon Therapeutics Plc *		1,628		44
Humana Inc		1,582		404
ICU Medical Inc *		324		52
IDEXX Laboratories Inc *		1,048		285
Illumina Inc *		1,722		524
Immunomedics Inc *		2,254		30
Incyte Corp *		2,443		181
Insmed Inc *		1,600		28
Insulet Corp *		578		95

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Integra LifeSciences Holdings Corp *		628	$	38
Intuitive Surgical Inc *		1,337		722
Ionis Pharmaceuticals Inc *		1,876		112
Iovance Biotherapeutics Inc *		3,500		64
IQVIA Holdings Inc *		2,182		326
Jazz Pharmaceuticals PLC *		1,329		170
Johnson & Johnson (B)		30,246		3,913
Laboratory Corp of America Holdings *		1,412		237
LHC Group Inc *		300		34
Ligand Pharmaceuticals Inc *		278		28
LivaNova PLC *		457		34
Magellan Health Inc *		600		37
Masimo Corp *		892		133
McKesson Corp		2,453		335
Medicines Co/The *		1,500		75
Medidata Solutions Inc *		529		48
MEDNAX Inc *		1,127		26
Medtronic PLC		16,405		1,782
Merck & Co Inc		29,751		2,504
Mettler-Toledo International Inc *		340		239
Mirati Therapeutics Inc *		600		47
Moderna Inc *		6,500		103
Molina Healthcare Inc *		738		81
Mylan NV *		6,687		132
MyoKardia Inc *		900		47
Myriad Genetics Inc *		2,300		66
National HealthCare Corp		900		74
Nektar Therapeutics, Cl A *		2,284		42
Neogen Corp, Cl B *		469		32
Neurocrine Biosciences Inc *		1,128		102
Novocure Ltd *		1,000		75
NuVasive Inc *		1,100		70
Omnicell Inc *		550		40
Patterson Cos Inc		2,077		37
Penumbra Inc *		250		34
PerkinElmer Inc		1,652		141
Perrigo Co PLC		2,330		130
Pfizer Inc		66,104		2,375
Portola Pharmaceuticals Inc, Cl A *		3,600		97
PRA Health Sciences Inc *		798		79
PTC Therapeutics Inc *		1,200		41
QIAGEN NV *		4,204		139
Quest Diagnostics Inc		1,833		196
Regeneron Pharmaceuticals Inc *		950		264
Repligen Corp *		388		30
ResMed Inc		1,933		261
Sage Therapeutics Inc *		797		112
Sarepta Therapeutics Inc *		809		61
Seattle Genetics Inc *		1,652		141
Spark Therapeutics Inc *		600		58
STERIS PLC		1,700		246
Stryker Corp		4,002		866

SEI Institutional Managed Trust / Annual Report / September 30, 2019 259

CONSOLIDATED SCHEDULE OF INVESTMENTS

September 30, 2019

Multi-Asset Inflation Managed Fund(Continued)

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Supernus Pharmaceuticals Inc *		1,500	$	41
Syneos Health Inc, Cl A *		1,073		57
Tandem Diabetes Care Inc *		400		24
Teladoc Health Inc *		1,000		68
Teleflex Inc		600		204
Tenet Healthcare Corp *		2,000		44
Thermo Fisher Scientific Inc		4,986		1,452
Ultragenyx Pharmaceutical Inc *		376		16
United Therapeutics Corp *		722		58
UnitedHealth Group Inc		11,012		2,393
Universal Health Services Inc, Cl B		898		134
US Physical Therapy Inc		600		78
Varian Medical Systems Inc *		1,102		131
Veeva Systems Inc, Cl A *		1,321		202
Vertex Pharmaceuticals Inc *		3,024		512
Waters Corp *		1,101		246
WellCare Health Plans Inc *		622		161
West Pharmaceutical Services Inc		1,251		177
Wright Medical Group NV *		1,277		26
Zimmer Biomet Holdings Inc		2,703		371
Zoetis Inc, Cl A		5,994		747
				47,715
Information Technology — 2.0%
Accenture PLC, Cl A		2,860		550
Adobe Inc *		2,344		648
Akamai Technologies Inc *		637		58
Alliance Data Systems Corp		320		41
Amdocs Ltd		1,853		123
ANSYS Inc *		601		133
Aspen Technology Inc *		376		46
Atlassian Corp PLC, Cl A *		800		100
Autodesk Inc, Cl A *		1,102		163
Automatic Data Processing Inc		2,260		365
Black Knight Inc *		900		55
Booz Allen Hamilton Holding Corp, Cl A		600		43
Broadridge Financial Solutions Inc		700		87
Cadence Design Systems Inc *		1,982		131
Cass Information Systems Inc		1,080		58
CDK Global Inc		965		46
Citrix Systems Inc		800		77
Cognizant Technology Solutions Corp, Cl A		3,245		196
Conduent Inc *		2,908		18
DXC Technology Co		1,202		35
EPAM Systems Inc *		850		155
Euronet Worldwide Inc *		327		48
Fair Isaac Corp *		200		61
Fidelity National Information Services Inc, Cl B		2,806		373
Fiserv Inc, Cl A *		2,364		245
FleetCor Technologies Inc *		552		158
Fortinet Inc *		750		58

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Gartner Inc *		400	$	57
Global Payments Inc		1,697		270
GoDaddy Inc, Cl A *		495		33
Guidewire Software Inc, Cl Z *		400		42
International Business Machines Corp (B)		4,387		638
Intuit Inc		1,203		320
Jack Henry & Associates Inc		451		66
Leidos Holdings Inc		1,100		95
Mastercard Inc, Cl A		4,253		1,155
Microsoft Corp		33,887		4,711
Nuance Communications Inc *		3,100		51
Nutanix Inc, Cl A *		1,000		26
Okta Inc, Cl A *		400		39
Oracle Corp, Cl B		11,251		619
Palo Alto Networks Inc *		596		122
Paychex Inc		1,875		155
Paycom Software Inc *		600		126
PayPal Holdings Inc *		5,486		568
PTC Inc *		500		34
RingCentral Inc, Cl A *		600		75
Sabre Corp		2,300		52
salesforce.com Inc *		4,129		613
ServiceNow Inc *		813		206
Splunk Inc *		805		95
Square Inc, Cl A *		1,777		110
SS&C Technologies Holdings Inc		1,260		65
Symantec Corp, Cl A		3,306		78
Synopsys Inc *		943		129
Teradata Corp *		1,000		31
Trade Desk Inc/The, Cl A *		190		36
Twilio Inc, Cl A *		1,200		132
Tyler Technologies Inc *		229		60
VeriSign Inc *		291		55
Visa Inc, Cl A		8,508		1,463
VMware Inc, Cl A		420		63
Western Union Co/The		4,200		97
WEX Inc *		200		40
Workday Inc, Cl A *		851		145
Zendesk Inc *		700		51
				16,794
Real Estate — 2.9%
Acadia Realty Trust ‡		2,627		75
Agree Realty Corp ‡		800		59
Alexander & Baldwin Inc ‡		2,438		60
Alexandria Real Estate Equities Inc ‡		2,214		341
American Assets Trust Inc ‡		1,635		76
American Campus Communities Inc ‡		2,970		143
American Homes 4 Rent, Cl A ‡		5,994		155
American Tower Corp, Cl A ‡		8,335		1,843
Americold Realty Trust ‡		2,200		82

260 SEI Institutional Managed Trust / Annual Report / September 30, 2019

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Apartment Investment & Management Co, Cl A ‡		3,555	$	185
Apple Hospitality Inc ‡		4,014		67
AvalonBay Communities Inc ‡		2,453		528
Boston Properties Inc ‡		2,811		364
Brandywine Realty Trust ‡		5,421		82
Brixmor Property Group Inc ‡		6,467		131
Brookfield Property Inc, Cl A ‡		2,800		57
Camden Property Trust ‡		1,903		211
CareTrust REIT Inc ‡		2,300		54
CBRE Group Inc, Cl A *‡		6,378		338
Chatham Lodging Trust ‡		3,100		56
Colony Capital Inc ‡		14,866		90
Columbia Property Trust Inc ‡		1,650		35
CoreCivic Inc ‡		3,867		67
CoreSite Realty Corp ‡		886		108
Corporate Office Properties Trust ‡		2,828		84
Cousins Properties Inc ‡		3,528		133
Crown Castle International Corp ‡		7,896		1,098
CubeSmart ‡		4,581		160
CyrusOne Inc ‡		2,136		169
DiamondRock Hospitality Co ‡		6,442		66
Digital Realty Trust Inc, Cl A ‡		4,002		520
Douglas Emmett Inc ‡		3,269		140
Duke Realty Corp ‡		8,459		287
Easterly Government Properties Inc ‡		3,375		72
EastGroup Properties Inc ‡		976		122
Empire State Realty Trust Inc, Cl A ‡		4,528		65
EPR Properties, Cl A ‡		1,353		104
Equinix Inc ‡		1,691		975
Equity Commonwealth ‡		1,650		57
Equity LifeStyle Properties Inc ‡		1,850		247
Equity Residential ‡		6,968		601
Essex Property Trust Inc ‡		1,251		409
Extra Space Storage Inc ‡		2,281		266
Federal Realty Investment Trust ‡		1,219		166
First Industrial Realty Trust Inc ‡		3,230		128
Four Corners Property Trust Inc ‡		2,200		62
Gaming and Leisure Properties Inc ‡		5,056		193
GEO Group Inc/The ‡		3,947		68
Getty Realty Corp ‡		2,400		77
Gladstone Commercial Corp ‡		3,038		71
HCP Inc ‡		9,208		328
Healthcare Realty Trust Inc ‡		3,304		111
Healthcare Trust of America Inc, Cl A ‡		4,841		142
Highwoods Properties Inc ‡		2,551		115
Host Hotels & Resorts Inc ‡		12,488		216
Howard Hughes Corp/The *‡		1,309		170
Hudson Pacific Properties Inc ‡		3,282		110
Investors Real Estate Trust ‡		544		41
Invitation Homes Inc ‡		6,683		198
Iron Mountain Inc ‡		6,157		199

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
JBG SMITH Properties ‡		1,800	$	71
Jones Lang LaSalle Inc		1,024		142
Kennedy-Wilson Holdings Inc ‡		2,345		51
Kilroy Realty Corp ‡		2,328		181
Kimco Realty Corp ‡		8,727		182
Lamar Advertising Co, Cl A ‡		1,784		146
Lexington Realty Trust, Cl B ‡		4,000		41
Liberty Property Trust ‡		3,787		194
Life Storage Inc ‡		800		84
LTC Properties Inc ‡		1,379		71
Macerich Co/The ‡		3,212		101
Mack-Cali Realty Corp ‡		2,924		63
Medical Properties Trust Inc ‡		7,858		154
Mid-America Apartment Communities Inc ‡		2,219		288
Monmouth Real Estate Investment Corp, Cl A ‡		2,173		31
National Health Investors Inc ‡		941		78
National Retail Properties Inc ‡		3,400		192
National Storage Affiliates Trust ‡		1,700		57
Office Properties Income Trust ‡		2,033		62
Omega Healthcare Investors Inc ‡		4,074		170
Outfront Media Inc ‡		3,922		109
Paramount Group Inc ‡		6,007		80
Park Hotels & Resorts Inc ‡		5,354		134
Pebblebrook Hotel Trust ‡		2,577		72
Pennsylvania Real Estate Investment Trust ‡		5,061		29
Physicians Realty Trust ‡		5,878		104
Piedmont Office Realty Trust Inc, Cl A ‡		3,766		79
PotlatchDeltic Corp ‡		1,763		72
Preferred Apartment Communities Inc, Cl A ‡		3,424		49
Prologis Inc ‡		11,970		1,020
PS Business Parks Inc ‡		502		91
Public Storage ‡		2,725		668
QTS Realty Trust Inc, Cl A ‡		1,702		88
Rayonier Inc ‡		3,508		99
Realty Income Corp ‡		6,199		475
Redfin Corp *‡		2,531		43
Regency Centers Corp ‡		3,362		234
Retail Opportunity Investments Corp ‡		5,100		93
Retail Properties of America Inc, Cl A ‡		7,590		94
Rexford Industrial Realty Inc ‡		1,128		50
RLJ Lodging Trust ‡		4,599		78
Ryman Hospitality Properties Inc ‡		972		80
Sabra Health Care Inc ‡		4,681		107
Saul Centers Inc ‡		834		45
SBA Communications Corp, Cl A ‡		2,403		579
Senior Housing Properties Trust ‡		6,344		59
Service Properties Trust		3,452		89
Simon Property Group Inc ‡		5,233		815
SITE Centers Corp ‡		4,485		68
SL Green Realty Corp ‡		1,070		87
Spirit Realty Capital Inc ‡		2,641		126

SEI Institutional Managed Trust / Annual Report / September 30, 2019 261

CONSOLIDATED SCHEDULE OF INVESTMENTS

September 30, 2019

Multi-Asset Inflation Managed Fund (Continued)

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
STAG Industrial Inc ‡		1,478	$	44
STORE Capital Corp ‡		4,155		155
Summit Hotel Properties Inc ‡		5,100		59
Sun Communities Inc ‡		1,752		260
Sunstone Hotel Investors Inc ‡		5,306		73
Tanger Factory Outlet Centers Inc ‡		2,478		38
Taubman Centers Inc ‡		1,535		63
Terreno Realty Corp ‡		978		50
UDR Inc ‡		5,857		284
Uniti Group Inc ‡		4,262		33
Urban Edge Properties ‡		2,748		54
Ventas Inc ‡		6,883		503
VEREIT Inc ‡		20,920		205
VICI Properties Inc ‡		7,900		179
Vornado Realty Trust ‡		2,878		183
Washington Real Estate Investment Trust ‡		2,478		68
Weingarten Realty Investors ‡		2,977		87
Welltower Inc ‡		7,821		709
Weyerhaeuser Co ‡		15,037		417
WP Carey Inc ‡		3,179		285
Xenia Hotels & Resorts Inc ‡		1,800		38
				25,139
Utilities — 1.4%
AES Corp/VA		8,342		136
ALLETE Inc		650		57
Alliant Energy Corp		2,828		152
Ameren Corp		2,754		220
American Electric Power Co Inc		5,579		523
American States Water Co		500		45
American Water Works Co Inc		1,991		247
Aqua America Inc		2,803		126
Atmos Energy Corp		1,337		152
Avista Corp		600		29
Black Hills Corp, Cl A		1,200		92
California Water Service Group, Cl A		1,200		63
CenterPoint Energy Inc		5,508		166
Clearway Energy Inc, Cl C		3,419		62
CMS Energy Corp		3,204		205
Consolidated Edison Inc		3,556		336
Dominion Energy Inc		8,374		679
DTE Energy Co		1,933		257
Duke Energy Corp		7,843		752
Edison International		3,780		285
El Paso Electric Co, Cl A		500		33
Entergy Corp		2,093		246
Evergy Inc		3,301		220
Eversource Energy		3,705		317
Exelon Corp		11,062		534
FirstEnergy Corp		6,322		305
Hawaiian Electric Industries Inc		1,428		65
MDU Resources Group Inc		3,645		103

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
MGE Energy Inc		700	$	56
National Fuel Gas Co		1,437		68
New Jersey Resources Corp		1,772		80
NextEra Energy Inc		5,408		1,260
NiSource Inc		4,946		148
Northwest Natural Holding Co		600		43
NorthWestern Corp		601		45
NRG Energy Inc		3,905		155
OGE Energy Corp		3,290		149
ONE Gas Inc		1,094		105
Ormat Technologies Inc		800		60
Pattern Energy Group Inc, Cl A		1,552		42
PG&E Corp *		7,761		77
Pinnacle West Capital Corp		1,050		102
PNM Resources Inc		2,052		107
Portland General Electric Co		1,876		106
PPL Corp		6,980		220
Public Service Enterprise Group Inc		5,537		344
Sempra Energy		3,184		470
South Jersey Industries Inc, Cl A		2,400		79
Southern Co/The		11,624		718
Southwest Gas Holdings Inc		976		89
Spire Inc		494		43
UGI Corp		2,447		123
Unitil Corp		1,300		82
Vistra Energy Corp		5,578		149
WEC Energy Group Inc		3,815		363
Xcel Energy Inc		6,098		396
				12,086
Total Common Stock (Cost $211,371) ($ Thousands)				241,834
	Face Amount (Thousands)
CORPORATE OBLIGATIONS — 10.5%
Communication Services — 0.8%
AT&T
4.125%, 02/17/2026	$	574		620
3.400%, 05/15/2025		2,045		2,134
CBS
3.500%, 01/15/2025		835		868
CCO Holdings
5.000%, 02/01/2028 (C)		282		292
4.000%, 03/01/2023 (C)		603		613
Diamond Sports Group
5.375%, 08/15/2026 (C)		293		304
Verizon Communications
5.012%, 04/15/2049		106		133
4.862%, 08/21/2046		279		341
Vodafone Group
4.125%, 05/30/2025		827		893

262 SEI Institutional Managed Trust / Annual Report / September 30, 2019

Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
3.750%, 01/16/2024		$            378	$	398
				6,596
Consumer Discretionary — 0.5%
Cox Communications
2.950%, 06/30/2023 (C)		240		244
CSC Holdings
6.750%, 11/15/2021		160		172
Expedia Group Inc
3.800%, 02/15/2028		805		842
General Motors Financial
5.100%, 01/17/2024		858		922
International Game Technology
6.250%, 02/15/2022 (C)		560		591
Panther BF Aggregator 2
4.375%, 05/15/2026 (C)		EUR            155		172
Starbucks
4.500%, 11/15/2048		$            307		357
Time Warner Cable
4.500%, 09/15/2042		330		325
Virgin Media Finance
5.250%, 02/15/2022		200		204
				3,829
Consumer Staples — 0.5%
Anheuser-Busch InBev Worldwide
5.550%, 01/23/2049		755		988
BAT Capital
3.215%, 09/06/2026		891		880
BRF
3.950%, 05/22/2023		254		254
BRF GmbH
4.350%, 09/29/2026		300		297
Kraft Heinz Foods
3.950%, 07/15/2025		61		64
3.750%, 04/01/2030 (C)		504		509
Minerva Luxembourg
6.500%, 09/20/2026 (C)		286		298
5.875%, 01/19/2028		199		199
Tyson Foods
4.000%, 03/01/2026		108		117
3.950%, 08/15/2024		715		763
Virgolino de Oliveira Finance
10.500%, 01/28/2018 (C)(D)(E)		660		30
				4,399
Energy — 1.4%
Antero Resources
5.125%, 12/01/2022		123		108
Baker Hughes a GE
3.337%, 12/15/2027		501		514

Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
Cenovus Energy
5.700%, 10/15/2019		$                96	$	97
3.000%, 08/15/2022		52		52
Cosan Luxembourg
7.000%, 01/20/2027		250		273
Energy Transfer Operating
5.200%, 02/01/2022		465		491
4.500%, 04/15/2024		260		277
Energy Transfer Partners
4.500%, 11/01/2023		114		121
Eni
4.250%, 05/09/2029 (C)		900		987
Enterprise Products Operating
5.200%, 09/01/2020		340		349
3.700%, 02/15/2026		730		776
Hess
4.300%, 04/01/2027		966		1,010
Marathon Petroleum
5.125%, 03/01/2021		196		204
Noble Energy
4.150%, 12/15/2021		838		870
3.900%, 11/15/2024		606		635
Occidental Petroleum
3.200%, 08/15/2026		120		121
2.900%, 08/15/2024		755		761
Pertamina Persero MTN
6.450%, 05/30/2044		450		579
Petroleos Mexicanos
6.840%, 01/23/2030 (C)		181		188
Petroleos Mexicanos MTN
6.750%, 09/21/2047		380		365
Plains All American Pipeline
3.600%, 11/01/2024		477		488
Sabine Pass Liquefaction
5.000%, 03/15/2027		720		794
Sunoco
5.875%, 03/15/2028		257		273
4.875%, 01/15/2023		563		578
Transocean Poseidon
6.875%, 02/01/2027 (C)		294		306
Western Midstream Operating
4.750%, 08/15/2028		190		187
4.500%, 03/01/2028		285		275
Williams
3.900%, 01/15/2025		217		227
				11,906
Financials — 5.0%
ABN AMRO Bank
4.750%, 07/28/2025 (C)		269		289
AIB Group MTN
4.750%, 10/12/2023 (C)		300		317

SEI Institutional Managed Trust / Annual Report / September 30, 2019 263

CONSOLIDATED SCHEDULE OF INVESTMENTS

September 30, 2019

Multi-Asset Inflation Managed Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
4.263%, VAR ICE LIBOR USD 3 Month+1.874%, 04/10/2025 (C)		$                605		$          629
American Express
4.900%, VAR ICE LIBOR USD 3 Month+3.285%, 03/15/2020		359		359
Australia & New Zealand Banking Group
4.400%, 05/19/2026 (C)		400		429
Banco Santander
5.179%, 11/19/2025		800		882
3.500%, 04/11/2022		600		616
Bank of America
6.500%, VAR ICE LIBOR USD 3 Month+4.174%, 10/23/2024		362		403
6.300%, VAR ICE LIBOR USD 3 Month+4.553%, 03/10/2026		233		262
Bank of America MTN
3.950%, 04/21/2025		1,205		1,277
3.124%, VAR ICE LIBOR USD 3 Month+1.160%, 01/20/2023		1,200		1,224
Banque Federative du Credit Mutuel MTN
2.750%, 10/15/2020 (C)		470		474
Barclays
6.860%, VAR ICE LIBOR USD 6 Month+1.730%, 06/15/2032 (C)		131		152
3.684%, 01/10/2023		695		707
BB&T MTN
2.625%, 06/29/2020		400		401
BBVA USA
2.875%, 06/29/2022		905		917
BNP Paribas
2.375%, 05/21/2020		200		201
BNP Paribas MTN
4.375%, 05/12/2026 (C)		650		693
BPCE MTN
2.750%, 01/11/2023 (C)		397		403
Capital One Financial
3.300%, 10/30/2024		1,152		1,192
CIT Group
5.250%, 03/07/2025		476		519
Citigroup
5.950%, VAR ICE LIBOR USD 3 Month+4.068%, 01/30/2023		311		323
5.950%, VAR ICE LIBOR USD 3 Month+4.095%, 08/15/2020		320		327
5.875%, VAR ICE LIBOR USD 3 Month+4.059%, 03/27/2020		360		363
3.875%, 03/26/2025		905		952
Commonwealth Bank of Australia
4.500%, 12/09/2025 (C)		400		432
Cooperatieve Rabobank UA
4.375%, 08/04/2025		657		710
Credit Agricole MTN
2.750%, 06/10/2020 (C)		400		401

Description	Face Amount (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
Credit Suisse Group
7.500%, VAR USD Swap Semi 30/360 5 Yr Curr+4.600%, 07/17/2023		$                645		$          689
6.375%, VAR US Treas Yield Curve Rate T Note Const Mat 5 Yr+4.822%, 08/21/2026 (C)		365		378
Credit Suisse Group Funding Guernsey
4.550%, 04/17/2026		555		609
3.800%, 06/09/2023		530		554
Danske Bank
3.244%, VAR ICE LIBOR USD 3 Month+1.591%, 12/20/2025 (C)		900		907
Discover Bank
4.682%, VAR USD Swap Semi 30/360 5 Yr Curr+1.730%, 08/09/2028		475		497
Goldman Sachs Group
5.000%, VAR ICE LIBOR USD 3 Month+2.874%, 11/10/2022		265		260
2.350%, 11/15/2021		847		848
Goldman Sachs Group MTN
3.717%, VAR ICE LIBOR USD 3 Month+1.600%, 11/29/2023		900		927
2.905%, VAR ICE LIBOR USD 3 Month+0.990%, 07/24/2023		728		738
Guardian Life Insurance of America
4.850%, 01/24/2077 (C)		145		183
HSBC Bank USA
4.875%, 08/24/2020		450		461
HSBC Holdings
4.292%, VAR ICE LIBOR USD 3 Month+1.348%, 09/12/2026		478		513
4.250%, 03/14/2024		1,041		1,096
ING Bank
5.800%, 09/25/2023 (C)		1,092		1,212
ING Groep
3.550%, 04/09/2024		500		522
Intesa Sanpaolo MTN
5.017%, 06/26/2024 (C)		335		345
JPMorgan Chase
5.000%, VAR United States Secured Overnight Financing Rate+3.380%, 08/01/2024		623		637
JPMorgan Chase MTN
2.295%, 08/15/2021		551		552
Lincoln National
4.200%, 03/15/2022		355		372
Lloyds Banking Group
4.582%, 12/10/2025		741		778
Manufacturers & Traders Trust
2.625%, 01/25/2021		786		792
MetLife
5.700%, 06/15/2035		80		108

264 SEI Institutional Managed Trust / Annual Report / September 30, 2019

Description	Face Amount  (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
Metropolitan Life Global Funding I
3.875%, 04/11/2022 (C)	$	275	$	287
Morgan Stanley
5.550%, VAR ICE LIBOR USD 3 Month+3.810%, 07/15/2020		160		162
Morgan Stanley MTN
5.000%, 11/24/2025		275		308
4.350%, 09/08/2026		854		925
Nationwide Building Society
4.000%, 09/14/2026 (C)		747		765
Nationwide Financial Services
5.375%, 03/25/2021 (C)		470		487
Navient
6.625%, 07/26/2021		770		809
Navient MTN
7.250%, 01/25/2022		52		56
Royal Bank of Scotland Group
8.625%, VAR USD Swap Semi 30/360 5 Yr Curr+7.598%, 08/15/2021		425		455
4.424%, VAR ICE LIBOR USD 3 Month+2.320%, 09/30/2027		600		565
Santander Holdings USA
4.400%, 07/13/2027		1,135		1,219
Santander UK
5.000%, 11/07/2023 (C)		700		743
SBA Tower Trust
3.156%, 10/08/2020 (C)		950		951
Standard Chartered
7.750%, VAR USD Swap Semi 30/360 5 Yr Curr+5.723%, 04/02/2023 (C)		200		216
7.500%, VAR USD Swap Semi 30/360 5 Yr Curr+6.301%, 04/02/2022		412		435
3.776%, VAR ICE LIBOR USD 3 Month+1.510%, 01/30/2027 (C)		400		322
Synchrony Financial
4.500%, 07/23/2025		945		1,008
Total System Services
4.000%, 06/01/2023		392		411
UBS Group Funding Switzerland
4.125%, 09/24/2025 (C)		689		744
US Bancorp
5.300%, VAR ICE LIBOR USD 3 Month+2.914%, 04/15/2027		474		508
Voya Financial
5.650%, VAR ICE LIBOR USD 3 Month+3.580%, 05/15/2053		258		272
Wells Fargo
3.069%, 01/24/2023		881		897
				42,377

Description	Face Amount  (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
Health Care — 0.5%
AmerisourceBergen
4.300%, 12/15/2047	$	365	$	374
Cigna
4.375%, 10/15/2028		382		417
4.125%, 11/15/2025		286		307
3.750%, 07/15/2023		242		253
Gilead Sciences
2.550%, 09/01/2020		1,137		1,142
Mylan
3.950%, 06/15/2026		437		452
Takeda Pharmaceutical
4.400%, 11/26/2023 (C)		820		883
Zimmer Biomet Holdings
2.700%, 04/01/2020		480		481
				4,309
Industrials — 0.6%
Adani Ports & Special Economic Zone
3.950%, 01/19/2022 (C)		670		685
Alfa
5.250%, 03/25/2024 (C)		660		711
Embraer Netherlands Finance BV
5.400%, 02/01/2027		670		758
General Electric
0.875%, 05/17/2025	EUR	825		904
Lima Metro Line 2 Finance
5.875%, 07/05/2034	$	450		497
4.350%, 04/05/2036 (C)		225		239
Odebrecht Finance
7.125%, 06/26/2042 (C)(E)		444		44
Rumo Luxembourg Sarl
5.875%, 01/18/2025 (C)		409		431
TransDigm
6.250%, 03/15/2026 (C)		405		435
United Technologies
3.950%, 08/16/2025		570		624
				5,328
Information Technology — 0.5%
Broadcom
4.250%, 04/15/2026 (C)		378		390
3.875%, 01/15/2027		486		488
3.625%, 01/15/2024		182		186
3.625%, 10/15/2024 (C)		360		366
CommScope Finance
6.000%, 03/01/2026 (C)		315		326
5.500%, 03/01/2024 (C)		228		234
Hewlett Packard Enterprise
2.100%, 10/04/2019 (C)		794		794
Lam Research
2.800%, 06/15/2021		640		648

SEI Institutional Managed Trust / Annual Report / September 30, 2019 265

CONSOLIDATED SCHEDULE OF INVESTMENTS

September 30, 2019

Multi-Asset Inflation Managed Fund (Continued)

Description	Face Amount  (Thousands)		Market Value ($ Thousands)
CORPORATE OBLIGATIONS (continued)
Seagate HDD Cayman
4.750%, 01/01/2025	$	209	$	217
Western Digital
4.750%, 02/15/2026		838		862
				4,511
Materials — 0.3%
Alpek
4.250%, 09/18/2029 (C)		203		205
DuPont de Nemours
4.493%, 11/15/2025		690		763
4.205%, 11/15/2023		690		739
Eastman Chemical Co
3.800%, 03/15/2025		318		333
Suzano Austria GmbH
6.000%, 01/15/2029		713		775
				2,815
Real Estate — 0.1%
Host Hotels & Resorts
3.750%, 10/15/2023		16		17
Welltower
4.000%, 06/01/2025		550		588
				605
Utilities — 0.3%
AES
4.000%, 03/15/2021		463		472
Enel Chile
4.875%, 06/12/2028		650		722
Exelon Generation
2.950%, 01/15/2020		619		620
Israel Electric
5.000%, 11/12/2024 (C)		792		872
Terraform Global Operating
6.125%, 03/01/2026 (C)		188		193
				2,879
Total Corporate Obligations (Cost $86,297) ($ Thousands)				89,554
MORTGAGE-BACKED SECURITIES — 7.5%
Agency Mortgage-Backed Obligations — 0.6%
FHLMC CMO, Ser 2017-4693, Cl SL, IO
4.123%, VAR LIBOR USD 1 Month+6.150%, 06/15/2047		2,340		476
FHLMC CMO, Ser 2017-4727, Cl SA, IO
4.173%, VAR LIBOR USD 1 Month+6.200%, 11/15/2047		1,998		367

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MORTGAGE-BACKED SECURITIES (continued)
FNMA CMO, Ser 2011-131, Cl ST, IO
4.522%, VAR LIBOR USD 1 Month+6.540%, 12/25/2041	$	1,189	$	252
FNMA CMO, Ser 2014-17, Cl SA, IO
4.032%, VAR LIBOR USD 1 Month+6.050%, 04/25/2044		2,793		549
FNMA CMO, Ser 2014-78, Cl SE, IO
4.082%, VAR LIBOR USD 1 Month+6.100%, 12/25/2044		2,143		393
FNMA CMO, Ser 2014-92, Cl SX, IO
4.082%, VAR LIBOR USD 1 Month+6.100%, 01/25/2045		2,434		490
FNMA CMO, Ser 2016-77, Cl DS, IO
3.982%, VAR LIBOR USD 1 Month+6.000%, 10/25/2046		2,235		402
FNMA CMO, Ser 2017-62, Cl AS, IO
4.132%, VAR LIBOR USD 1 Month+6.150%, 08/25/2047		2,389		406
FNMA CMO, Ser 2017-81, Cl SA, IO
4.182%, VAR LIBOR USD 1 Month+6.200%, 10/25/2047		2,357		476
FNMA CMO, Ser 2017-97, Cl LS, IO
4.182%, VAR LIBOR USD 1 Month+6.200%, 12/25/2047		2,488		562
GNMA CMO, Ser 2017-122, Cl SA, IO
4.156%, VAR LIBOR USD 1 Month+6.200%, 08/20/2047		1,651		325
GNMA CMO, Ser 2017-134, Cl SE, IO
4.156%, VAR LIBOR USD 1 Month+6.200%, 09/20/2047		1,881		288
				4,986
Non-Agency Mortgage-Backed Obligations — 6.9%
Alternative Loan Trust, Ser 2005-20CB, Cl 3A6
5.500%, 07/25/2035		82		77
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		357		294
Alternative Loan Trust, Ser 2006-28CB, Cl A14
6.250%, 10/25/2036		263		218
Alternative Loan Trust, Ser 2006-J1, Cl 1A13
5.500%, 02/25/2036		191		171
Ashford Hospitality Trust, Ser 2018-KEYS, Cl A
3.028%, VAR ICE LIBOR USD 1 Month+1.000%, 05/15/2035 (C)		1,000		999

266 SEI Institutional Managed Trust / Annual Report / September 30, 2019

Description	Face Amount  (Thousands)		Market Value ($ Thousands)
MORTGAGE-BACKED SECURITIES (continued)
BAMLL Commercial Mortgage Securities Trust, Ser 2017-SCH, Cl AF
3.028%, VAR ICE LIBOR USD 1 Month+1.000%, 11/15/2033 (C)	$	1,610	$	1,612
Bellemeade Re, Ser 2018-2A, Cl M1B
3.368%, VAR ICE LIBOR USD 1 Month+1.350%, 08/25/2028 (C)		289		289
Bellemeade Re, Ser 2018-3A, Cl M1B
3.868%, VAR ICE LIBOR USD 1 Month+1.850%, 10/25/2027 (C)		570		572
Bellemeade Re, Ser 2019-2A, Cl M1C
4.018%, VAR ICE LIBOR USD 1 Month+2.000%, 04/25/2029 (C)		481		480
Bellemeade Re, Ser 2019-3A, Cl M1C
3.968%, VAR ICE LIBOR USD 1 Month+1.950%, 07/25/2029 (C)		340		340
Bellemeade Re, Ser 2019-3A, Cl M1B
3.618%, VAR ICE LIBOR USD 1 Month+1.600%, 07/25/2029 (C)		466		467
BHMS, Ser 2018-ATLS, Cl A
3.278%, VAR ICE LIBOR USD 1 Month+1.250%, 07/15/2035 (C)		774		774
BX Trust, Ser 2018-EXCL, Cl A
3.115%, VAR ICE LIBOR USD 1 Month+1.088%, 09/15/2037 (C)		867		866
CCUBS Commercial Mortgage Trust, Ser 2017-C1, Cl A4
3.544%, 11/15/2050 (F)		1,115		1,200
CFCRE Commercial Mortgage Trust, Ser 2016-C4, Cl A4
3.283%, 05/10/2058		670		706
CGRBS Commercial Mortgage Trust, Ser 2013-VN05, Cl A
3.369%, 03/13/2035 (C)		915		960
Chase Mortgage Finance Trust, Ser 2007-S5, Cl 1A17
6.000%, 07/25/2037		126		92
CHL Mortgage Pass-Through Trust, Ser 2006-10, Cl 1A8
6.000%, 05/25/2036		207		165
CHL Mortgage Pass-Through Trust, Ser 2006-13, Cl 1A19
6.250%, 09/25/2036		96		76
Citigroup Commercial Mortgage Trust, Ser 2013-GC11, Cl D
4.567%, 04/10/2046 (C)(F)		343		356
Citigroup Commercial Mortgage Trust, Ser 2015-GC27, Cl A5
3.137%, 02/10/2048		980		1,023
Citigroup Commercial Mortgage Trust, Ser 2015-GC35, Cl A4
3.818%, 11/10/2048		435		472

Description	Face Amount  (Thousands)		Market Value ($ Thousands)
MORTGAGE-BACKED SECURITIES (continued)
Citigroup Commercial Mortgage Trust, Ser 2016-GC36, Cl A5
3.616%, 02/10/2049	$	540	$	581
COMM Mortgage Trust, Ser 2010-C1, Cl D
6.304%, 07/10/2046 (C)(F)		740		756
COMM Mortgage Trust, Ser 2013-CR12, Cl A4
4.046%, 10/10/2046		870		927
COMM Mortgage Trust, Ser 2015-CR24, Cl A5
3.696%, 08/10/2048		545		585
COMM Mortgage Trust, Ser 2015-DC1, Cl A5
3.350%, 02/10/2048		250		262
Commercial Mortgage Pass-Through Certificates, Ser 2013-SFS, Cl A1
1.873%, 04/12/2035 (C)		188		187
Connecticut Avenue Securities Trust, Ser 2018-R07, Cl 1M2
4.418%, VAR ICE LIBOR USD 1 Month+2.400%, 04/25/2031 (C)		537		542
Connecticut Avenue Securities Trust, Ser 2019-R02, Cl 1M2
4.318%, VAR ICE LIBOR USD 1 Month+2.300%, 08/25/2031 (C)		336		337
Connecticut Avenue Securities Trust, Ser 2019-R03, Cl 1M2
4.168%, VAR ICE LIBOR USD 1 Month+2.150%, 09/25/2031 (C)		171		172
Connecticut Avenue Securities Trust, Ser 2019-R04, Cl 2M2
4.118%, VAR ICE LIBOR USD 1 Month+2.100%, 06/25/2039 (C)		508		510
Connecticut Avenue Securities Trust, Ser 2019-R05, Cl 1M2
4.018%, VAR ICE LIBOR USD 1 Month+2.000%, 07/25/2039 (C)		343		344
CSAIL Commercial Mortgage Trust, Ser 2015-C2, Cl A4
3.504%, 06/15/2057		436		462
CSAIL Commercial Mortgage Trust, Ser 2015-C4, Cl A4
3.808%, 11/15/2048		1,090		1,179
DBWF Mortgage Trust, Ser 2018-GLKS, Cl A
3.087%, VAR ICE LIBOR USD 1 Month+1.030%, 11/19/2035 (C)		761		761
Deutsche Alt-A Securities Mortgage Loan Trust, Ser 2006-AR4, Cl A2
2.208%, VAR ICE LIBOR USD 1 Month+0.190%, 12/25/2036		462		248
Eagle RE, Ser 2018-1, Cl M1
3.718%, VAR ICE LIBOR USD 1 Month+1.700%, 11/25/2028 (C)		221		221

SEI Institutional Managed Trust / Annual Report / September 30, 2019 267

CONSOLIDATED SCHEDULE OF INVESTMENTS

September 30, 2019

Multi-Asset Inflation Managed Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MORTGAGE-BACKED SECURITIES (continued)
FHLMC Structured Agency Credit Risk Debt Notes, Ser 2014-DN3, Cl M3
6.018%, VAR ICE LIBOR USD 1 Month+4.000%, 08/25/2024	$	813	$	859
FHLMC Structured Agency Credit Risk Debt Notes, Ser 2016-DNA2, Cl M3
6.668%, VAR ICE LIBOR USD 1 Month+4.650%, 10/25/2028		400		429
FHLMC Structured Agency Credit Risk Debt Notes, Ser 2017-DNA1, Cl M2
5.268%, VAR ICE LIBOR USD 1 Month+3.250%, 07/25/2029		635		666
FHLMC Structured Agency Credit Risk Debt Notes, Ser 2017-DNA3, Cl M2
4.518%, VAR ICE LIBOR USD 1 Month+2.500%, 03/25/2030		450		460
FHLMC Structured Agency Credit Risk Debt Notes, Ser 2017-HQA2, Cl M2
4.668%, VAR ICE LIBOR USD 1 Month+2.650%, 12/25/2029		250		256
FHLMC Structured Agency Credit Risk Debt Notes, Ser 2019-DNA3, Cl M2
4.068%, VAR ICE LIBOR USD 1 Month+2.050%, 07/25/2049 (C)		80		80
FHLMC Structured Agency Credit Risk Debt Notes, Ser 2019-FTR2, Cl M2
4.168%, VAR ICE LIBOR USD 1 Month+2.150%, 11/25/2048 (C)		363		363
FHLMC Structured Agency Credit Risk Debt Notes, Ser 2019-HQA3, Cl M2
3.907%, VAR ICE LIBOR USD 1 Month+1.850%, 09/25/2049 (C)		450		450
First Horizon Alternative Mortgage Securities Trust, Ser 2006-FA3, Cl A9
6.000%, 07/25/2036		183		141
FNMA Connecticut Avenue Securities, Ser 2014-C03, Cl 1M2
5.018%, VAR ICE LIBOR USD 1 Month+3.000%, 07/25/2024		321		337
FNMA Connecticut Avenue Securities, Ser 2014-C04, Cl 2M2
7.018%, VAR ICE LIBOR USD 1 Month+5.000%, 11/25/2024		138		148
FNMA Connecticut Avenue Securities, Ser 2015-C01, Cl 1M2
6.318%, VAR ICE LIBOR USD 1 Month+4.300%, 02/25/2025		292		309
FNMA Connecticut Avenue Securities, Ser 2015-C02, Cl 1M2
6.018%, VAR ICE LIBOR USD 1 Month+4.000%, 05/25/2025		551		582

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MORTGAGE-BACKED SECURITIES (continued)
FNMA Connecticut Avenue Securities, Ser 2015-C02, Cl 2M2
6.018%, VAR ICE LIBOR USD 1 Month+4.000%, 05/25/2025	$	310	$	321
FNMA Connecticut Avenue Securities, Ser 2015-C03, Cl 1M2
7.018%, VAR ICE LIBOR USD 1 Month+5.000%, 07/25/2025		641		693
FNMA Connecticut Avenue Securities, Ser 2015-C03, Cl 2M2
7.018%, VAR ICE LIBOR USD 1 Month+5.000%, 07/25/2025		645		683
FNMA Connecticut Avenue Securities, Ser 2015-C04, Cl 1M2
7.718%, VAR ICE LIBOR USD 1 Month+5.700%, 04/25/2028		219		241
FNMA Connecticut Avenue Securities, Ser 2015-C04, Cl 2M2
7.568%, VAR ICE LIBOR USD 1 Month+5.550%, 04/25/2028		609		650
FNMA Connecticut Avenue Securities, Ser 2016-C01, Cl 1M2
8.768%, VAR ICE LIBOR USD 1 Month+6.750%, 08/25/2028		861		945
FNMA Connecticut Avenue Securities, Ser 2016-C01, Cl 2M2
8.968%, VAR ICE LIBOR USD 1 Month+6.950%, 08/25/2028		567		613
FNMA Connecticut Avenue Securities, Ser 2016-C02, Cl 1M2
8.018%, VAR ICE LIBOR USD 1 Month+6.000%, 09/25/2028		725		790
FNMA Connecticut Avenue Securities, Ser 2016-C03, Cl 2M2
7.918%, VAR ICE LIBOR USD 1 Month+5.900%, 10/25/2028		1,290		1,392
FNMA Connecticut Avenue Securities, Ser 2016-C05, Cl 2M2
6.468%, VAR ICE LIBOR USD 1 Month+4.450%, 01/25/2029		891		938
FNMA Connecticut Avenue Securities, Ser 2017-C04, Cl 2M2
4.868%, VAR ICE LIBOR USD 1 Month+2.850%, 11/25/2029		695		716
Great Wolf Trust, Ser 2017-WOLF, Cl A
2.878%, VAR ICE LIBOR USD 1 Month+0.850%, 09/15/2034 (C)		1,130		1,130
GS Mortgage Securities II, Ser 2013-KING, Cl A
2.706%, 12/10/2027 (C)		678		677
GS Mortgage Securities II, Ser 2018-GS9, Cl A4
3.992%, 03/10/2051 (F)		1,350		1,502

  268   SEI Institutional Managed Trust / Annual Report / September 30, 2019

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MORTGAGE-BACKED SECURITIES (continued)
GS Mortgage Securities Trust, Ser 2014-GC18, Cl D
5.157%, 01/10/2047 (C)(F)	$	679	$	567
GS Mortgage Securities Trust, Ser 2019-BOCA, Cl A
3.228%, VAR ICE LIBOR USD 1 Month+1.200%, 06/15/2038 (C)		331		332
GS Mortgage Securities Trust, Ser 2019-SMP, Cl A
3.290%, VAR ICE LIBOR USD 1 Month+1.150%, 08/15/2032 (C)		450		450
Home RE, Ser 2018-1, Cl M1
3.618%, VAR ICE LIBOR USD 1 Month+1.600%, 10/25/2028 (C)		378		378
HomeBanc Mortgage Trust, Ser 2005-1, Cl A1
2.268%, VAR ICE LIBOR USD 1 Month+0.250%, 03/25/2035		135		118
JPMBB Commercial Mortgage Securities Trust, Ser 2014-C21, Cl A5
3.775%, 08/15/2047		925		988
JPMBB Commercial Mortgage Securities Trust, Ser 2014-C22, Cl XA, IO
1.005%, 09/15/2047 (F)		19,225		660
JPMBB Commercial Mortgage Securities Trust, Ser 2015-C30, Cl A5
3.822%, 07/15/2048		540		585
JPMBB Commercial Mortgage Securities Trust, Ser 2015-C31, Cl A3
3.801%, 08/15/2048		1,092		1,182
JPMCC Commercial Mortgage Securities Trust, Ser 2017-JP7, Cl XA, IO
1.223%, 09/15/2050 (F)		6,723		416
JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2014-C20, Cl A5
3.805%, 07/15/2047		900		961
LB-UBS Commercial Mortgage Trust, Ser 2006-C6, Cl AJ
5.452%, 09/15/2039 (F)		223		130
LSTAR Commercial Mortgage Trust, Ser 2016-4, Cl A2
2.579%, 03/10/2049 (C)		971		974
Morgan Stanley Bank of America Merrill Lynch Trust, Ser 2014-C16, Cl A5
3.892%, 06/15/2047		920		983
Morgan Stanley Capital I Trust, Ser 2005-IQ9, Cl D
5.000%, 07/15/2056		545		543
Morgan Stanley Capital I Trust, Ser 2015-XLF2, Cl SNMA
3.978%, VAR ICE LIBOR USD 1 Month+1.950%, 11/15/2026 (C)		204		204

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MORTGAGE-BACKED SECURITIES (continued)
Morgan Stanley Capital I Trust, Ser 2016-UB12, Cl A4
3.596%, 12/15/2049	$	835	$	899
Natixis Commercial Mortgage Securities Trust, Ser 2018-850T, Cl A
2.811%, VAR ICE LIBOR USD 1 Month+0.784%, 07/15/2033 (C)		910		910
Oaktown Re III, Ser 2019-1A, Cl M1B
3.968%, VAR ICE LIBOR USD 1 Month+1.950%, 07/25/2029 (C)		338		339
PMT Credit Risk Transfer Trust, Ser 2019-1R, Cl A
4.140%, 03/27/2024		303		303
PMT Credit Risk Transfer Trust, Ser 2019-2R, Cl A
4.890%, VAR ICE LIBOR USD 1 Month+2.750%, 05/27/2023 (C)		488		490
Radnor RE, Ser 2019-1, Cl M1B
3.968%, VAR ICE LIBOR USD 1 Month+1.950%, 02/25/2029 (C)		313		315
Radnor RE, Ser 2019-2, Cl M1B
3.768%, VAR ICE LIBOR USD 1 Month+1.750%, 06/25/2029 (C)		486		485
Starwood Retail Property Trust, Ser 2014-STAR, Cl A
3.248%, VAR ICE LIBOR USD 1 Month+1.220%, 11/15/2027 (C)		1,615		1,613
UBS Commercial Mortgage Trust, Ser 2018-C10, Cl A4
4.313%, 05/15/2051		1,155		1,316
UBS Commercial Mortgage Trust, Ser 2018-C8, Cl A4
3.983%, 02/15/2051		900		999
UBS Commercial Mortgage Trust, Ser 2018-C9, Cl A4
4.117%, 03/15/2051 (F)		1,410		1,582
UBS-Barclays Commercial Mortgage Trust, Ser 2012-C4, Cl A5
2.850%, 12/10/2045		596		607
Wells Fargo Commercial Mortgage Trust, Ser 2015-SG1, Cl C
4.616%, 09/15/2048 (F)		794		826
Wells Fargo Commercial Mortgage Trust, Ser 2015-SG1, Cl A4
3.789%, 09/15/2048		485		522
Wells Fargo Commercial Mortgage Trust, Ser 2016-C35, Cl XA, IO
2.119%, 07/15/2048 (F)		3,850		391
Wells Fargo Commercial Mortgage Trust, Ser 2016-NXS6, Cl C
4.457%, 11/15/2049 (F)		925		998

  SEI Institutional Managed Trust / Annual Report / September 30, 2019   269

CONSOLIDATED SCHEDULE OF INVESTMENTS

September 30, 2019

Multi-Asset Inflation Managed Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
MORTGAGE-BACKED SECURITIES (continued)
Wells Fargo Credit Risk Transfer Securities Trust, Ser 2015-WF1, Cl 1M2
7.268%, VAR ICE LIBOR USD 1 Month+5.250%, 11/25/2025 (C)	$	497	$	552
Wells Fargo Credit Risk Transfer Securities Trust, Ser 2015-WF1, Cl 2M2
7.518%, VAR ICE LIBOR USD 1 Month+5.500%, 11/25/2025 (C)		148		159
				59,435
Total Mortgage-Backed Securities (Cost $62,697) ($ Thousands)				64,421
U.S. GOVERNMENT AGENCY OBLIGATIONS — 6.7%
FFCB
2.200%, VAR Fed Res Daily Prime-2.800%, 11/23/2021 ^		4,000		4,016
2.200%, VAR Fed Res Daily Prime-2.800%, 03/14/2022 ^		2,500		2,507
2.190%, VAR Fed Res Daily Prime-2.810%, 05/20/2022 ^		2,800		2,803
2.119%, VAR US Treasury 3 Month Bill Money Market Yield+0.270%, 05/16/2022 ^		2,000		1,998
2.100%, 06/24/2021 ^		1,500		1,502
2.100%, 08/20/2024 ^		1,500		1,494
2.050%, VAR US Federal Funds Effective Rate+0.220%, 10/12/2021 ^		3,000		3,005
2.020%, VAR United States Secured Overnight Financing Rate+0.200%, 04/22/2022 ^		4,700		4,710
2.054%, VAR US Treasury 3 Month Bill Money Market Yield+0.140%, 09/17/2021 ^		3,500		3,492
1.989%, VAR US Treasury 3 Month Bill Money Market Yield+0.140%, 11/08/2021 ^		2,000		1,995
FHLB
2.250%, 08/05/2022 ^		3,400		3,397
2.000%, 08/21/2024 ^		1,500		1,493
1.895%, VAR United States Secured Overnight Financing Rate+0.075%, 06/11/2021 ^		1,300		1,301
1.870%, VAR United States Secured Overnight Financing Rate+0.050%, 01/22/2021 ^		1,000		999
1.865%, VAR United States Secured Overnight Financing Rate+0.045%, 09/28/2020 ^		1,200		1,200

Description	Face Amount (Thousands)		Market Value ($ Thousands)
U.S. GOVERNMENT AGENCY OBLIGATIONS (continued)
FHLMC
2.520%, 04/15/2020 ^	$	1,500	$	1,500
2.000%, 08/19/2021 ^		2,700		2,690
FHLMC MTN
1.950%, VAR United States Secured Overnight Financing Rate+0.130%, 08/05/2022 ^		8,800		8,783
FNMA
1.920%, VAR United States Secured Overnight Financing Rate+0.100%, 04/30/2020 ^		1,700		1,701
1.895%, VAR United States Secured Overnight Financing Rate+0.075%, 10/30/2020 ^		4,500		4,500
1.860%, VAR United States Secured Overnight Financing Rate+0.040%, 01/29/2021 ^		2,600		2,601
Total U.S. Government Agency Obligations (Cost $57,700) ($ Thousands)				57,687
ASSET-BACKED SECURITIES — 2.1%
Automotive — 1.2%
Avis Budget Rental Car Funding AESOP, Ser 2016-1A, Cl A
2.990%, 06/20/2022 (C)		646		653
Avis Budget Rental Car Funding AESOP, Ser 2018-1A, Cl A
3.700%, 09/20/2024 (C)		930		974
Avis Budget Rental Car Funding AESOP, Ser 2018-2A, Cl A
4.000%, 03/20/2025 (C)		1,080		1,149
Exeter Automobile Receivables Trust, Ser 2016-1A, Cl D
8.200%, 02/15/2023 (C)		440		461
Exeter Automobile Receivables Trust, Ser 2019-3A, Cl B
2.580%, 08/15/2023 (C)		920		924
Flagship Credit Auto Trust, Ser 2016-2, Cl D
8.560%, 11/15/2023 (C)		545		586
Flagship Credit Auto Trust, Ser 2016-4, Cl D
3.890%, 11/15/2022 (C)		450		461
Flagship Credit Auto Trust, Ser 2017-4, Cl A
2.070%, 04/15/2022 (C)		81		80
Flagship Credit Auto Trust, Ser 2018-3, Cl B
3.590%, 12/16/2024 (C)		925		943
Hertz Vehicle Financing II, Ser 2015-1A, Cl A
2.730%, 03/25/2021 (C)		675		676
Hertz Vehicle Financing II, Ser 2015-1A, Cl B
3.520%, 03/25/2021 (C)		491		493

  270   SEI Institutional Managed Trust / Annual Report / September 30, 2019

Description	Face Amount (Thousands)		Market Value ($ Thousands)
ASSET-BACKED SECURITIES (continued)
Hertz Vehicle Financing II, Ser 2017-1A, Cl A
2.960%, 10/25/2021 (C)	$	1,160	$	1,168
Hertz Vehicle Financing II, Ser 2018-1A, Cl A
3.290%, 02/25/2024 (C)		470		482
Hertz Vehicle Financing II, Ser 2019-1A, Cl A
3.710%, 03/25/2023 (C)		535		551
Hertz Vehicle Financing II, Ser 2019-2A, Cl A
3.420%, 05/25/2025 (C)		900		929
				10,530
Credit Cards — 0.4%
World Financial Network Credit Card Master Trust, Ser 2018-A, Cl A
3.070%, 12/16/2024		1,405		1,423
World Financial Network Credit Card Master Trust, Ser 2018-B, Cl M
3.810%, 07/15/2025		710		729
World Financial Network Credit Card Master Trust, Ser 2019-B, Cl M
3.040%, 04/15/2026		770		772
				2,924
Other Asset-Backed Securities — 0.5%
CLUB Credit Trust, Ser 2017-P2, Cl A
2.610%, 01/15/2024 (C)		87		87
Consumer Loan Underlying Bond Credit Trust, Ser 2018-P1, Cl A
3.390%, 07/15/2025 (C)		112		113
Marlette Funding Trust, Ser 2017-3A, Cl B
3.010%, 12/15/2024 (C)		220		220
Marlette Funding Trust, Ser 2018-1A, Cl A
2.610%, 03/15/2028 (C)		41		41
Marlette Funding Trust, Ser 2018-3A, Cl A
3.200%, 09/15/2028 (C)		396		397
Marlette Funding Trust, Ser 2018-4A, Cl A
3.710%, 12/15/2028 (C)		265		268
Prosper Marketplace Issuance Trust, Ser 2019-3A, Cl A
3.190%, 07/15/2025 (C)		425		427
SoFi Consumer Loan Program, Ser 2016-2, Cl A
3.090%, 10/27/2025 (C)		85		86
SoFi Consumer Loan Program, Ser 2016-3, Cl A
3.050%, 12/26/2025 (C)		134		135
SoFi Consumer Loan Program, Ser 2017-2, Cl A
3.280%, 02/25/2026 (C)		163		164
SoFi Consumer Loan Program, Ser 2017-5, Cl A2
2.780%, 09/25/2026 (C)		700		702

Description	Face Amount (Thousands)			Market Value ($ Thousands)
ASSET-BACKED SECURITIES (continued)
SoFi Consumer Loan Program, Ser 2017-6, Cl A2
2.820%, 11/25/2026 (C)	$	966		$	969
SoFi Consumer Loan Program, Ser 2018-3, Cl A2
3.670%, 08/25/2027 (C)		697			707
					4,316
Total Asset-Backed Securities (Cost $17,412) ($ Thousands)					17,770
SOVEREIGN DEBT — 1.9%
Egypt Government International Bond MTN
6.125%, 01/31/2022 (C)		291			300
Japan Treasury Discount Bills
-0.160%, 12/02/2019 (A)(G)	JPY	850,000			7,868
-0.182%, 11/11/2019 (A)(G)		150,000			1,388
Japanese Government CPI Linked Bond
0.100%, 03/10/2027		478,450			4,608
Malaysia Government International Bond
3.882%, 03/10/2022	MYR	4,695			1,141
Perusahaan Listrik Negara MTN
6.150%, 05/21/2048	$	230			295
South Africa Government International Bond
8.000%, 01/31/2030	ZAR	5,665			349
Total Sovereign Debt (Cost $15,876) ($ Thousands)					15,949
Total Investments in Securities — 124.4% (Cost $1,025,071) ($ Thousands)				$	1,062,753
	Shares
COMMON STOCK SOLD SHORT— (12.8)%
Communication Services — (0.6)%
Altice USA Inc, Cl A *		(2,700	)		(77	)
AMC Networks Inc, Cl A *		(900	)		(44	)
Cable One Inc		(100	)		(126	)
CBS Corp, Cl B		(3,800	)		(153	)
Charter Communications Inc, Cl A *		(1,860	)		(767	)
Comcast Corp, Cl A		(51,000	)		(2,299	)
Discovery Inc, Cl A *		(2,200	)		(59	)
Discovery Inc, Cl C *		(4,500	)		(111	)
DISH Network Corp, Cl A *		(3,100	)		(106	)
Fox Corp		(6,667	)		(210	)
Interpublic Group of Cos Inc/The		(4,700	)		(101	)
John Wiley & Sons Inc, Cl A		(1,000	)		(44	)
Liberty Broadband Corp, Cl C *		(1,300	)		(136	)
Liberty Latin America Ltd, Cl C *		(2,600	)		(44	)
Liberty Media Corp-Liberty SiriusXM *		(3,200	)		(134	)

SEI Institutional Managed Trust / Annual Report / September 30, 2019 271

CONSOLIDATED SCHEDULE OF INVESTMENTS

September 30, 2019

Multi-Asset Inflation Managed Fund (Continued)

Description	Shares			Market Value     ($ Thousands)
COMMON STOCK SOLD SHORT (continued)
Meredith Corp		(1,000	)	$	(37	)
New York Times Co/The, Cl A		(2,000	)		(57	)
News Corp, Cl A		(4,700	)		(65	)
News Corp, Cl B		(4,000	)		(57	)
Nexstar Media Group Inc, Cl A		(600	)		(61	)
Omnicom Group Inc		(3,000	)		(235	)
Scholastic Corp, Cl B		(1,400	)		(53	)
Sinclair Broadcast Group Inc, Cl A		(900	)		(39	)
Sirius XM Holdings Inc		(17,300	)		(108	)
TEGNA Inc		(2,600	)		(40	)
					(5,163	)
Consumer Discretionary — (8.5)%
Aaron’s Inc		(1,000	)		(64	)
Acushnet Holdings Corp		(2,200	)		(58	)
Adient PLC		(8,118	)		(186	)
Adtalem Global Education Inc *		(1,347	)		(51	)
Advance Auto Parts Inc		(729	)		(121	)
Amazon.com Inc, Cl A *		(3,490	)		(6,058	)
American Axle & Manufacturing Holdings Inc *		(10,057	)		(83	)
American Eagle Outfitters Inc		(1,300	)		(21	)
American Outdoor Brands Corp *		(3,600	)		(21	)
Aptiv PLC		(24,370	)		(2,130	)
Aramark		(6,948	)		(303	)
AutoZone Inc *		(294	)		(319	)
Bed Bath & Beyond Inc		(2,627	)		(28	)
Best Buy Co Inc		(2,653	)		(183	)
BJ’s Restaurants Inc		(800	)		(31	)
Bloomin’ Brands Inc		(3,280	)		(62	)
Booking Holdings Inc *		(459	)		(901	)
BorgWarner Inc		(20,464	)		(751	)
Boyd Gaming Corp		(2,081	)		(50	)
Bright Horizons Family Solutions Inc *		(1,779	)		(271	)
Brinker International Inc		(777	)		(33	)
Brunswick Corp/DE		(4,039	)		(211	)
Burlington Stores Inc *		(684	)		(137	)
Caesars Entertainment Corp *		(12,340	)		(144	)
Callaway Golf Co		(2,933	)		(57	)
Capri Holdings Ltd *		(6,908	)		(229	)
Career Education Corp *		(2,500	)		(40	)
CarMax Inc *		(1,666	)		(147	)
Carnival Corp		(11,171	)		(488	)
Carter’s Inc		(2,263	)		(206	)
Carvana Co, Cl A *		(100	)		(7	)
Cavco Industries Inc *		(400	)		(77	)
Cheesecake Factory Inc/The		(1,734	)		(72	)
Chegg Inc *		(3,500	)		(105	)
Chipotle Mexican Grill Inc, Cl A *		(598	)		(503	)
Choice Hotels International Inc		(1,298	)		(116	)
Churchill Downs Inc		(800	)		(99	)
Columbia Sportswear Co		(1,552	)		(150	)

Description	Shares			Market Value     ($ Thousands)
COMMON STOCK SOLD SHORT (continued)
Cooper Tire & Rubber Co		(4,508	)	$	(118	)
Cooper-Standard Holdings Inc *		(1,651	)		(67	)
Core-Mark Holding Co Inc, Cl A		(1,300	)		(42	)
Cracker Barrel Old Country Store Inc		(706	)		(115	)
Crocs Inc *		(3,000	)		(83	)
Dana Inc		(15,023	)		(217	)
Darden Restaurants Inc		(3,474	)		(411	)
Dave & Buster’s Entertainment Inc		(1,437	)		(56	)
Deckers Outdoor Corp *		(1,302	)		(192	)
Dick’s Sporting Goods Inc		(1,400	)		(57	)
Dine Brands Global Inc		(800	)		(61	)
Dollar General Corp		(3,034	)		(482	)
Dollar Tree Inc *		(2,364	)		(270	)
Domino’s Pizza Inc		(1,073	)		(262	)
Dorman Products Inc *		(2,452	)		(195	)
DR Horton Inc		(14,904	)		(786	)
Dunkin’ Brands Group Inc		(2,118	)		(168	)
eBay Inc		(8,791	)		(343	)
Eldorado Resorts Inc *		(1,993	)		(80	)
Etsy Inc *		(1,200	)		(68	)
Expedia Group Inc		(1,884	)		(253	)
Five Below Inc *		(500	)		(63	)
Foot Locker Inc, Cl A		(1,280	)		(55	)
Ford Motor Co		(370,171	)		(3,391	)
Fossil Group Inc *		(1,769	)		(22	)
Fox Factory Holding Corp *		(3,322	)		(207	)
frontdoor Inc *		(2,800	)		(136	)
Gap Inc/The		(3,504	)		(61	)
Garmin Ltd		(6,822	)		(578	)
General Motors Co		(118,008	)		(4,423	)
Gentex Corp		(24,061	)		(663	)
Gentherm Inc *		(2,900	)		(119	)
Genuine Parts Co		(1,935	)		(192	)
G-III Apparel Group Ltd *		(2,073	)		(54	)
Goodyear Tire & Rubber Co/The		(23,771	)		(342	)
GoPro Inc, Cl A *		(8,139	)		(42	)
Graham Holdings Co, Cl B		(188	)		(125	)
Grand Canyon Education Inc *		(1,155	)		(113	)
GrubHub Inc *		(932	)		(52	)
H&R Block Inc		(5,300	)		(125	)
Hanesbrands Inc		(16,934	)		(260	)
Harley-Davidson Inc, Cl A		(14,518	)		(522	)
Hasbro Inc		(5,296	)		(629	)
Helen of Troy Ltd *		(1,200	)		(189	)
Hilton Grand Vacations Inc *		(3,600	)		(115	)
Hilton Worldwide Holdings Inc		(7,065	)		(658	)
Home Depot Inc/The		(11,759	)		(2,728	)
Hyatt Hotels Corp, Cl A		(1,294	)		(95	)
Installed Building Products Inc *		(1,378	)		(79	)
International Game Technology PLC		(3,700	)		(53	)
iRobot Corp *		(1,447	)		(89	)
Jack in the Box Inc		(613	)		(56	)

272 SEI Institutional Managed Trust / Annual Report / September 30, 2019

Description	Shares			Market Value     ($ Thousands)
COMMON STOCK SOLD SHORT (continued)
K12 Inc *		(1,600	)	$	(42	)
KB Home		(4,677	)		(159	)
Kohl’s Corp		(1,739	)		(86	)
Kontoor Brands Inc		(1,996	)		(70	)
L Brands Inc		(2,881	)		(56	)
Las Vegas Sands Corp		(9,282	)		(536	)
Laureate Education Inc, Cl A *		(3,600	)		(60	)
La-Z-Boy Inc, Cl Z		(1,827	)		(61	)
LCI Industries		(2,212	)		(203	)
Lear Corp		(6,058	)		(714	)
Leggett & Platt Inc		(5,808	)		(238	)
Lennar Corp, Cl A		(13,220	)		(738	)
Lennar Corp, Cl B		(600	)		(27	)
LGI Homes Inc *		(772	)		(64	)
Lithia Motors Inc, Cl A		(400	)		(53	)
LKQ Corp *		(3,205	)		(101	)
Lowe’s Cos Inc		(8,235	)		(906	)
Lululemon Athletica Inc *		(5,225	)		(1,006	)
M/I Homes Inc *		(800	)		(30	)
Macy’s Inc		(3,778	)		(59	)
Malibu Boats Inc, Cl A *		(1,000	)		(31	)
Marriott International Inc/MD, Cl A		(7,641	)		(950	)
Marriott Vacations Worldwide Corp		(1,170	)		(121	)
Mattel Inc *		(12,569	)		(143	)
McDonald’s Corp		(19,765	)		(4,244	)
MDC Holdings Inc		(2,894	)		(125	)
Meritage Homes Corp *		(1,403	)		(99	)
MGM Resorts International		(14,228	)		(394	)
Modine Manufacturing Co *		(4,228	)		(48	)
Mohawk Industries Inc *		(2,766	)		(343	)
Monro Inc		(600	)		(47	)
Movado Group Inc		(1,300	)		(32	)
Murphy USA Inc *		(700	)		(60	)
Nathan’s Famous Inc		(700	)		(50	)
Newell Brands Inc, Cl B		(18,208	)		(341	)
NIKE Inc, Cl B		(54,726	)		(5,140	)
Nordstrom Inc		(1,200	)		(41	)
Norwegian Cruise Line Holdings Ltd *		(5,838	)		(302	)
NVR Inc *		(151	)		(561	)
Ollie’s Bargain Outlet Holdings Inc *		(700	)		(41	)
O’Reilly Automotive Inc *		(899	)		(358	)
Oxford Industries Inc, Cl A		(976	)		(70	)
Papa John’s International Inc, Cl A		(1,000	)		(52	)
Penn National Gaming Inc *		(2,994	)		(56	)
Planet Fitness Inc, Cl A *		(2,337	)		(135	)
Polaris Inc		(2,513	)		(221	)
Pool Corp		(250	)		(51	)
PulteGroup Inc		(12,530	)		(458	)
PVH Corp		(3,001	)		(265	)
Qurate Retail Inc *		(4,390	)		(45	)
Ralph Lauren Corp, Cl A		(2,263	)		(216	)
Red Rock Resorts Inc, Cl A		(1,813	)		(37	)

Description	Shares			Market Value     ($ Thousands)
COMMON STOCK SOLD SHORT (continued)
Roku Inc, Cl A *		(3,649	)	$	(371	)
Ross Stores Inc		(4,397	)		(483	)
Royal Caribbean Cruises Ltd		(4,872	)		(528	)
Scientific Games Corp, Cl A *		(1,378	)		(28	)
SeaWorld Entertainment Inc *		(1,700	)		(45	)
Service Corp International/US		(5,517	)		(264	)
ServiceMaster Global Holdings Inc *		(3,955	)		(221	)
Shake Shack Inc, Cl A *		(800	)		(78	)
Six Flags Entertainment Corp		(2,252	)		(114	)
Skechers U.S.A. Inc, Cl A *		(5,508	)		(206	)
Skyline Champion Corp *		(2,000	)		(60	)
Sotheby’s *		(559	)		(32	)
Standard Motor Products Inc		(1,495	)		(73	)
Starbucks Corp		(30,688	)		(2,713	)
Steven Madden Ltd		(3,865	)		(138	)
Stoneridge Inc *		(1,578	)		(49	)
Strategic Education Inc		(560	)		(76	)
Sturm Ruger & Co Inc		(800	)		(33	)
Tapestry Inc		(11,394	)		(297	)
Target Corp, Cl A		(5,573	)		(596	)
Taylor Morrison Home Corp, Cl A *		(6,033	)		(157	)
Tempur Sealy International Inc *		(2,311	)		(178	)
Tenneco Inc, Cl A		(4,455	)		(56	)
Tesla Inc		(13,195	)		(3,178	)
Texas Roadhouse Inc, Cl A		(1,628	)		(86	)
Thor Industries Inc		(4,625	)		(262	)
Tiffany & Co		(1,091	)		(101	)
TJX Cos Inc/The		(14,042	)		(783	)
Toll Brothers Inc		(7,249	)		(298	)
TopBuild Corp *		(1,470	)		(142	)
Tractor Supply Co		(1,329	)		(120	)
TRI Pointe Group Inc *		(7,259	)		(109	)
Tupperware Brands Corp		(2,752	)		(44	)
Ulta Beauty Inc *		(629	)		(158	)
Under Armour Inc, Cl A *		(8,946	)		(178	)
Under Armour Inc, Cl C *		(9,106	)		(165	)
Universal Electronics Inc *		(200	)		(10	)
Urban Outfitters Inc *		(1,300	)		(36	)
Vail Resorts Inc		(1,147	)		(261	)
VF Corp		(13,874	)		(1,235	)
Vista Outdoor Inc *		(3,600	)		(22	)
Visteon Corp *		(2,422	)		(200	)
Wayfair Inc, Cl A *		(576	)		(65	)
Wendy’s Co/The		(6,328	)		(126	)
Whirlpool Corp		(3,002	)		(475	)
William Lyon Homes, Cl A *		(100	)		(2	)
Williams-Sonoma Inc		(829	)		(56	)
Wingstop Inc, Cl A		(1,000	)		(87	)
Winnebago Industries Inc		(2,403	)		(92	)
Wolverine World Wide Inc		(3,374	)		(95	)
Wyndham Destinations Inc		(5,376	)		(247	)
Wyndham Hotels & Resorts Inc		(3,296	)		(171	)

SEI Institutional Managed Trust / Annual Report / September 30, 2019 273

CONSOLIDATED SCHEDULE OF INVESTMENTS

September 30, 2019

Multi-Asset Inflation Managed Fund (Continued)

Description	Shares			Market Value     ($ Thousands)
COMMON STOCK SOLD SHORT (continued)
Wynn Resorts Ltd		(2,487	)	$	(270	)
YETI Holdings Inc *		(1,900	)		(53	)
Yum China Holdings Inc		(9,482	)		(431	)
Yum! Brands Inc		(7,887	)		(895	)
					(72,610	)
Information Technology — (2.2)%
Advanced Micro Devices Inc *		(6,122	)		(177	)
Amphenol Corp, Cl A		(2,795	)		(270	)
Analog Devices Inc		(3,110	)		(347	)
Apple Inc		(27,627	)		(6,188	)
Applied Materials Inc		(7,864	)		(392	)
Arista Networks Inc *		(544	)		(130	)
Arrow Electronics Inc, Cl A *		(1,402	)		(105	)
Avnet Inc		(1,127	)		(50	)
Broadcom Inc		(2,835	)		(783	)
CDW Corp/DE		(1,705	)		(210	)
Ciena Corp *		(900	)		(35	)
Cisco Systems Inc		(31,048	)		(1,534	)
Cognex Corp		(1,768	)		(87	)
Coherent Inc *		(100	)		(15	)
CommScope Holding Co Inc *		(2,081	)		(24	)
Corning Inc, Cl B		(5,902	)		(168	)
Cree Inc *		(450	)		(22	)
Cypress Semiconductor Corp		(2,300	)		(54	)
Dell Technologies Inc, Cl C *		(1,846	)		(96	)
Dolby Laboratories Inc, Cl A		(984	)		(64	)
Entegris Inc		(500	)		(23	)
ePlus Inc *		(700	)		(53	)
F5 Networks Inc, Cl A *		(597	)		(84	)
First Solar Inc *		(889	)		(52	)
FLIR Systems Inc		(881	)		(46	)
Hewlett Packard Enterprise Co		(12,135	)		(184	)
HP Inc		(13,487	)		(255	)
II-VI Inc *		(510	)		(18	)
Intel Corp		(33,058	)		(1,703	)
IPG Photonics Corp *		(169	)		(23	)
Jabil Inc		(1,422	)		(51	)
Juniper Networks Inc		(4,191	)		(104	)
Keysight Technologies Inc *		(1,553	)		(151	)
KLA Corp		(1,102	)		(176	)
Lam Research Corp		(1,166	)		(269	)
Littelfuse Inc		(200	)		(35	)
Marvell Technology Group Ltd		(3,799	)		(95	)
Maxim Integrated Products Inc		(2,156	)		(125	)
Microchip Technology Inc		(1,743	)		(162	)
Micron Technology Inc *		(8,263	)		(354	)
MKS Instruments Inc		(376	)		(35	)
Monolithic Power Systems Inc		(422	)		(66	)
Motorola Solutions Inc		(1,331	)		(227	)
National Instruments Corp		(900	)		(38	)
NCR Corp *		(877	)		(28	)

Description	Shares			Market Value     ($ Thousands)
COMMON STOCK SOLD SHORT (continued)
NetApp Inc		(2,561	)	$	(134	)
NETGEAR Inc *		(1,014	)		(33	)
NVIDIA Corp		(4,245	)		(739	)
ON Semiconductor Corp *		(2,223	)		(43	)
Pure Storage Inc, Cl A *		(1,800	)		(31	)
Qorvo Inc *		(706	)		(52	)
QUALCOMM Inc		(9,050	)		(690	)
ScanSource Inc *		(1,700	)		(52	)
Semtech Corp *		(300	)		(15	)
Silicon Laboratories Inc *		(400	)		(45	)
Skyworks Solutions Inc		(1,152	)		(91	)
SYNNEX Corp		(900	)		(102	)
Tech Data Corp *		(589	)		(61	)
Teradyne Inc		(834	)		(48	)
Texas Instruments Inc		(7,570	)		(978	)
Trimble Inc *		(1,874	)		(73	)
Universal Display Corp		(422	)		(71	)
Versum Materials Inc		(900	)		(48	)
ViaSat Inc *		(797	)		(60	)
Western Digital Corp		(2,786	)		(166	)
Xerox Holdings Corp		(2,849	)		(85	)
Xilinx Inc		(1,896	)		(182	)
Zebra Technologies Corp, Cl A *		(550	)		(114	)
					(19,021	)
Materials — (1.5)%
Air Products & Chemicals Inc		(3,219	)		(714	)
Albemarle Corp		(1,562	)		(109	)
Alcoa Corp *		(3,340	)		(67	)
Allegheny Technologies Inc *		(1,150	)		(23	)
AptarGroup Inc		(1,090	)		(129	)
Ashland Global Holdings Inc		(951	)		(73	)
Avery Dennison Corp		(1,528	)		(174	)
Axalta Coating Systems Ltd *		(2,527	)		(76	)
Balchem Corp		(700	)		(69	)
Ball Corp		(5,206	)		(379	)
Berry Global Group Inc *		(1,702	)		(67	)
Carpenter Technology Corp		(1,200	)		(62	)
Celanese Corp, Cl A		(1,872	)		(229	)
CF Industries Holdings Inc		(3,003	)		(148	)
Chemours Co/The		(2,499	)		(37	)
Commercial Metals Co, Cl A		(2,900	)		(51	)
Corteva Inc		(11,550	)		(323	)
Crown Holdings Inc *		(2,263	)		(150	)
Domtar Corp		(1,200	)		(43	)
Dow Inc		(10,850	)		(517	)
DuPont de Nemours Inc		(10,750	)		(767	)
Eagle Materials Inc		(842	)		(76	)
Eastman Chemical Co		(2,491	)		(184	)
Ecolab Inc		(4,951	)		(980	)
Element Solutions Inc *		(4,300	)		(44	)
FMC Corp		(1,833	)		(161	)

274 SEI Institutional Managed Trust / Annual Report / September 30, 2019

Description	Shares			Market Value     ($ Thousands)
COMMON STOCK SOLD SHORT (continued)
Freeport-McMoRan Inc, Cl B		(19,249	)		$            (184	)
Graphic Packaging Holding Co		(4,952	)		(73	)
Huntsman Corp		(3,519	)		(82	)
Ingevity Corp *		(376	)		(32	)
International Flavors & Fragrances Inc		(1,851	)		(227	)
International Paper Co		(6,976	)		(292	)
Linde PLC		(8,117	)		(1,572	)
Louisiana-Pacific Corp		(3,026	)		(74	)
LyondellBasell Industries NV, Cl A		(4,475	)		(401	)
Martin Marietta Materials Inc, Cl A		(854	)		(234	)
Mosaic Co/The		(4,639	)		(95	)
NewMarket Corp		(100	)		(47	)
Newmont Goldcorp Corp		(13,320	)		(505	)
Nucor Corp		(4,765	)		(243	)
Olin Corp		(2,032	)		(38	)
Owens-Illinois Inc		(2,180	)		(22	)
Packaging Corp of America		(1,302	)		(138	)
PolyOne Corp		(1,400	)		(46	)
PPG Industries Inc		(3,684	)		(437	)
Quaker Chemical Corp		(200	)		(32	)
Reliance Steel & Aluminum Co		(1,198	)		(119	)
Royal Gold Inc, Cl A		(1,460	)		(180	)
RPM International Inc		(2,228	)		(153	)
Scotts Miracle-Gro Co/The, Cl A		(800	)		(81	)
Sealed Air Corp		(2,152	)		(89	)
Sensient Technologies Corp		(900	)		(62	)
Sherwin-Williams Co/The, Cl A		(1,286	)		(707	)
Silgan Holdings Inc		(2,300	)		(69	)
Sonoco Products Co		(2,000	)		(116	)
Southern Copper Corp		(1,921	)		(66	)
Steel Dynamics Inc		(3,154	)		(94	)
Trinseo SA		(868	)		(37	)
United States Steel Corp		(2,100	)		(24	)
Valvoline Inc		(3,294	)		(73	)
Vulcan Materials Co		(2,228	)		(337	)
Westlake Chemical Corp		(375	)		(25	)
Westrock Co		(3,454	)		(126	)
WR Grace & Co		(579	)		(39	)
					(12,823	)
Total Common Stock Sold Short (Proceeds $98,286) ($ Thousands)					(109,617	)
Total Investments Sold Short — (12.8)% (Proceeds $98,286) ($ Thousands)				$	(109,617	)

Description	Contracts			Market Value     ($ Thousands)
PURCHASED OPTIONS*^ — 0.0%
Total Purchased Options(H) (Cost $394) ($ Thousands)		264		$	410
WRITTEN OPTIONS*^ — 0.1%
Total Written Options(H) (Premiums Received $339) ($ Thousands)		(332	)	$	(483	)

SEI Institutional Managed Trust / Annual Report / September 30, 2019 275

CONSOLIDATED SCHEDULE OF INVESTMENTS

September 30, 2019

Multi-Asset Inflation Managed Fund(Continued)

A list of open exchange traded options contracts for the Fund at September 30, 2019, is as follows:

Description	Number of Contracts			Notional Amount (Thousands)			Exercise Price		Expiration Date		Value             (Thousands)
PURCHASED OPTIONS ^ — 0.0%
Put Options
December 2019, Silver*		10		$	852			$16.00		11/16/19	$	9
Call Options
December 2019, Copper*		54			3,473			290.00		11/16/19		7
December 2019, Corn*		32			619			410.00		11/16/19		7
December 2019, Cotton*		25			759			62.00		11/16/19		17
January 2020, Crude Oil*		61			3,294			64.00		12/21/19		40
January 2020, Crude Oil*		14			756			57.00		12/21/19		29
January 2020, LME Nickel*		44			4,511			17,000.00		01/18/20		299
October 2019, LME Zinc*		24			1,371			2,475.00		10/19/19		2
					14,783							401
Total Purchased Options				$	15,635						$	410
WRITTEN OPTIONS ^ — (0.1)%
Put Options
December 2019, Cotton*		(25	)	$	(759	)		55.00		11/16/19	$	(3	)
December 2019, Lean Hogs*		(34	)		(987	)		60.00		12/21/19		(17	)
January 2020, Crude Oil*		(14	)		(756	)		50.00		12/21/19		(28	)
January 2020, Crude Oil*		(15	)		(810	)		57.00		12/21/19		(81	)
January 2020, Crude Oil*		(60	)		(3,240	)		55.00		12/21/19		(249	)
					(6,552	)						(378	)
Call Options
December 2019, Copper*		(54	)		(3,473	)		320.00		11/16/19		(1	)
December 2019, Cotton*		(3	)		(91	)		65.00		11/16/19		(1	)
December 2019, Live Cattle*		(18	)		(790	)		112.00		12/21/19		(19	)
December 2019, Silver*		(5	)		(426	)		20.00		11/16/19		(2	)
January 2020, LME Nickel*		(44	)		(4,512	)		20,000.00		01/18/20		(81	)
November 2019, Soybean*		(60	)		(2,712	)		1,200.00		10/19/19		(1	)
					(12,004	)						(105	)
Total Written Options				$	(18,556	)					$	(483	)

A list of the open futures contracts held by the Fund at September 30, 2019, is as follows:

Type of Contract	Number of Contracts Long (Short)		Expiration Date		Notional Amount (Thousands)		Value (Thousands)		Unrealized
Brent Crude ^		181		Nov-2019	$	10,763	$	10,585	$	(178)
Coffee C ^		89		Dec-2019		3,334		3,376		42
Copper ^		107		Dec-2019		6,955		6,897		(58)
Corn ^		417		Dec-2019		7,683		8,090		407
Cotton No. 2 ^		15		Dec-2019		475		456		(19)
Cotton No. 2 ^		(60)		Dec-2019		(1,803)		(1,825)		(22)
Cotton No. 2 ^		(2)		Mar-2020		(60)		(62)		(2)
Feeder Cattle ^		18		Jan-2020		1,188		1,245		57
Feeder Cattle ^		26		Nov-2019		1,733		1,845		112
Gasoline ^		136		Oct-2019		9,190		8,948		(242)

  276   SEI Institutional Managed Trust / Annual Report / September 30, 2019

Type of Contract	Number of Contracts Long (Short)		Expiration Date		Notional Amount (Thousands)		Value (Thousands)		Unrealized
Gasoline ^		24		Jan-2020	$	1,563	$	1,522	$	(41)
Gold ^		94		Dec-2019		13,154		13,845		691
ICE White Sugar ^		13		Feb-2020		219		225		6
ICE White Sugar ^		38		Nov-2019		611		654		43
Japanese 10-Year Government Bond E-MINI		(32)		Dec-2019		(4,618)		(4,588)		(4)
KC HRW Wheat ^		(112)		Dec-2019		(2,358)		(2,324)		34
KC HRW Wheat ^		48		Dec-2019		1,004		996		(8)
Lean Hogs ^		59		Dec-2019		1,589		1,713		124
Lean Hogs ^		(119)		Dec-2019		(3,192)		(3,456)		(264)
Live Cattle ^		(8)		Jan-2020		(333)		(353)		(20)
Live Cattle ^		44		Jan-2020		1,793		1,941		148
LME Lead ^		27		Dec-2019		1,398		1,443		45
LME Nickel ^		20		Jan-2020		2,125		2,045		(80)
LME Nickel ^		29		Nov-2019		2,708		2,977		269
LME Nickel ^		(8)		Jan-2020		(797)		(818)		(21)
LME Primary Aluminum ^		71		Nov-2019		3,137		3,056		(81)
LME Primary Aluminum ^		(24)		Nov-2019		(1,068)		(1,033)		35
LME Zinc ^		16		Nov-2019		914		965		51
LME Zinc ^		45		Dec-2019		2,619		2,690		71
Low Sulphur Gasoil ^		17		Jan-2020		1,023		976		(47)
Low Sulphur Gasoil ^		58		Nov-2019		3,240		3,402		162
MSCI EAFE Index		(131)		Dec-2019		(12,503)		(12,435)		68
Natural Gas ^		268		Nov-2019		5,993		6,244		251
NY Harbor ULSD ^		15		Jan-2020		1,237		1,183		(54)
NY Harbor ULSD ^		20		Oct-2019		1,627		1,594		(33)
NYMEX Cocoa ^		97		Dec-2019		2,137		2,369		232
Palladium ^		16		Dec-2019		2,463		2,636		173
Platinum ^		70		Feb-2020		3,331		3,112		(219)
Red Wheat ^		(7)		Dec-2019		(193)		(191)		2
S&P 500 Index E-MINI		(168)		Dec-2019		(25,212)		(25,019)		193
Silver ^		24		Dec-2019		1,808		2,039		231
Silver ^		44		Dec-2019		3,772		3,740		(32)
Soybean ^		200		Nov-2019		8,908		9,060		152
Soybean Meal ^		80		Dec-2019		2,590		2,408		(182)
Soybean Meal ^		(84)		Dec-2019		(2,487)		(2,528)		(41)
Soybean Oil ^		241		Dec-2019		4,100		4,205		105
Sugar No. 11 ^		396		May-2020		5,367		5,611		244
U.S. 2-Year Treasury Notes		(218)		Jan-2020		(47,080)		(46,979)		101
U.S. 5-Year Treasury Notes		(137)		Jan-2020		(16,324)		(16,323)		1
U.S. 10-Year Treasury Notes		(281)		Dec-2019		(36,977)		(36,618)		359
U.S. Ultra Long Treasury Bond		5		Dec-2019		981		960		(21)
Ultra 10-Year U.S. Treasury Notes		2		Dec-2019		288		285		(3)
Wheat ^		7		Mar-2020		170		176		6
Wheat ^		24		Dec-2019		563		595		32
WTI Crude Oil ^		20		Oct-2019		1,082		1,081		(1)
WTI Crude Oil ^		7		Dec-2019		410		376		(34)
					$	(29,760)	$	(26,986)	$	2,740

A list of the open forward foreign currency contracts held by the Fund at September 30, 2019, is as follows:

Counterparty	Settlement Date			Currency to Deliver (Thousands)			Currency to Receive (Thousands)		Unrealized Appreciation (Depreciation) (Thousands)
Barclays PLC		10/02/19	USD		631	BRL		2,640	$	3
Barclays PLC		10/10/19	USD		3,824	EUR		3,382		(134)
Barclays PLC		10/24/19	INR		62,751	USD		872		(12)

  SEI Institutional Managed Trust / Annual Report / September 30, 2019   277

CONSOLIDATED SCHEDULE OF INVESTMENTS

September 30, 2019

Multi-Asset Inflation Managed Fund (Continued)

Counterparty	Settlement Date			Currency to Deliver (Thousands)			Currency to Receive (Thousands)		Unrealized Appreciation (Depreciation) (Thousands)
Barclays PLC		10/24/19	JPY		975,000	USD		9,056	$	18
Barclays PLC		02/13/20	MYR		2,486	USD		592		–
BNP Paribas		10/18/19	USD		1,117	GBP		902		(4	)
BNP Paribas		11/07/19	NZD		1,888	USD		1,185		–
Brown Brothers Harriman		10/10/19	USD		277	EUR		249		(6	)
Brown Brothers Harriman		10/10/19	EUR		716	USD		791		10
Brown Brothers Harriman		10/11/19	USD		886	HUF		255,864		(53	)
Brown Brothers Harriman		10/18/19	GBP		594	USD		729		(4	)
Brown Brothers Harriman		11/07/19	NZD		1,324	USD		845		14
Brown Brothers Harriman		11/21/19	ZAR		4,164	USD		283		10
Brown Brothers Harriman		11/21/19	JPY		25,301	USD		235		–
Citigroup		10/11/19	HUF		257,054	USD		879		42
Citigroup		10/24/19	USD		917	INR		63,624		(20	)
Citigroup		11/04/19	USD		629	BRL		2,640		3
Citigroup		11/14/19	USD		929	COP		3,124,646		(31	)
Citigroup		11/21/19	USD		1,222	JPY		131,132		(5	)
Deutsche Bank		11/21/19	JPY		512,718	USD		4,772		11
Goldman Sachs		11/22/19	CAD		3,812	USD		2,874		(9	)
JPMorgan Chase		10/11/19	PLN		3,356	USD		856		18
Morgan Stanley		10/11/19	USD		2,049	PLN		7,778		(108	)
Morgan Stanley		02/13/20	MYR		2,382	USD		567		–
RBS		10/10/19	EUR		4,791	USD		5,411		184
										$                    (73	)

A list of the open OTC swap agreements held by the Fund at September 30, 2019 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)		$(54	)	$	(51	)	$	(3	)
Goldman Sachs	CMBX.BBB.6	Sell	3.00%	Monthly	12/31/2049	(261)		(22	)		(17	)		(5	)
Goldman Sachs	CMBX.BBB.6	Sell	3.00%	Monthly	12/31/2049	(835)		(70	)		(62	)		(8	)
Citigroup	CMBX.BBB.6	Buy	3.00%	Monthly	09/17/2058	245		7			17			(10	)
Citigroup	CMBX.BBB.6	Buy	3.00%	Monthly	09/17/2058	257		7			18			(11	)
Citigroup	CMBX.BBB.6	Buy	3.00%	Monthly	09/17/2058	258		7			18			(11	)
Citigroup	CMBX.BBB.6	Sell	3.00%	Monthly	05/11/2063	(89)		(2	)		(11	)		9
Citigroup	CMBX.BBB.6	Sell	3.00%	Monthly	05/11/2063	(356)		(10	)		(45	)		35
Citigroup	CMBX.BBB.6	Sell	3.00%	Monthly	05/11/2063	(220)		(6	)		(28	)		22
Goldman Sachs	CMBX.BBB.6	Sell	3.00%	Monthly	05/11/2063	(65)		(5	)		(7	)		2
Goldman Sachs	CMBX.BBB.6	Sell	3.00%	Monthly	05/11/2063	(32)		(3	)		(3	)		–
Goldman Sachs	CMBX.BBB.6	Sell	3.00%	Monthly	05/11/2063	(32)		(3	)		(3	)		–
Goldman Sachs	CMBX.BBB.6	Sell	3.00%	Monthly	05/11/2063	(194)		(16	)		(17	)		1
Citigroup	CMBX.BBB.6	Sell	3.00%	Monthly	05/11/2063	(250)		(21	)		(33	)		12
Citigroup	CMBX.BBB.6	Sell	3.00%	Monthly	05/11/2063	(254)		(7	)		(32	)		25
Credit Suisse	CMBX.BBB.6	Sell	3.00%	Monthly	05/11/2063	(106)		(3	)		(13	)		10
Credit Suisse	CMBX.BBB.6	Sell	3.00%	Monthly	05/11/2063	(3)		–			–			–
Deutsche Bank	CMBX.BBB.6	Sell	3.00%	Monthly	05/11/2063	(33)		(3	)		(4	)		1
Deutsche Bank	CMBX.BBB.6	Sell	3.00%	Monthly	05/11/2063	(201)		(17	)		(25	)		8
Citigroup	CMBX.BBB.6	Sell	3.00%	Monthly	05/11/2063	(52)		(1	)		(7	)		6
Goldman Sachs	CMBX.BBB.6	Sell	3.00%	Monthly	05/11/2063	(16)		(1	)		(1	)		–
Citigroup	CMBX.BBB.6	Sell	3.00%	Monthly	05/11/2063	(20)		(1	)		(3	)		2

  278   SEI Institutional Managed Trust / Annual Report / September 30, 2019

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.AAA.9		Buy	0.50%		Monthly		09/17/2049		$964		$(12	)	$	12		$	(24)
Goldman Sachs		CMBX.NA.AAA.9		Buy	0.50%		Monthly		09/17/2058		216		(3	)		2			(5)
Deutsche Bank		CMBX.NA.AAA.9		Buy	0.50%		Monthly		09/17/2058		996		(13	)		10			(23)
Credit Suisse		CMBX.NA.AAA.9		Buy	0.50%		Monthly		09/17/2058		25		–			–			–
Deutsche Bank		CMBX.NA.AAA.9		Buy	0.50%		Monthly		09/17/2058		881		(11	)		12			(23)
Deutsche Bank		CMBX.NA.AAA.9		Buy	0.50%		Monthly		09/17/2058		3,320		(43	)		34			(77)
Credit Suisse		CMBX.NA.AAA.9		Buy	0.50%		Monthly		09/17/2058		73		(1	)		1			(2)
Credit Suisse		CMBX.NA.AAA.9		Buy	0.50%		Monthly		09/17/2058		2,641		(34	)		32			(66)
JPMorgan Chase		CMBX.NA.BBB.6		Sell	3.00%		Monthly		05/11/2063		(201)		(17	)		(20	)		3
JPMorgan Chase		CMBX.NA.BBB.6		Sell	3.00%		Monthly		05/11/2063		(46)		(4	)		(5	)		1
JPMorgan Chase		CMBX.NA.BBB.6		Sell	3.00%		Monthly		05/11/2063		(49)		(4	)		(5	)		1
Goldman Sachs		CMBX.NA.BBB-.6		Sell	3.00%		Monthly		12/31/2049		(1,324)		(111	)		2			(113)
Deutsche Bank		CMBX.NA.BBB-.6		Sell	3.00%		Monthly		12/31/2049		(1,093)		(92	)		(75	)		(17)
Credit Suisse		CMBX.NA.BBB-.6		Sell	3.00%		Monthly		12/31/2049		(227)		(19	)		(15	)		(4)
Credit Suisse		CMBX.NA.BBB-.6		Sell	3.00%		Monthly		12/31/2049		(812)		(68	)		(51	)		(17)
Deutsche Bank		CMBX.NA.BBB-.6		Sell	3.00%		Monthly		12/31/2049		(42)		(4	)		(2	)		(2)
Citigroup		CMBX.NA.BBB-.6		Sell	3.00%		Quarterly		05/11/2063		(290)		(24	)		(31	)		7
CGG		CMBX.NA.BBB-.6		Sell	3.00%		Monthly		05/11/2063		(254)		(21	)		(34	)		13
Citigroup		CMBX.NA.BBB-.6		Sell	3.00%		Monthly		05/11/2063		(240)		(20	)		(33	)		13
Citigroup		CMBX.NA.BBB-.6		Sell	3.00%		Monthly		05/11/2063		(36)		(3	)		(6	)		3
Citigroup		CMBX.NA.BBB-.6		Sell	3.00%		Monthly		05/11/2063		(365)		(31	)		(42	)		11
Citigroup		CMBX.NA.BBB-.6		Sell	3.00%		Monthly		05/11/2063		(523)		(44	)		(60	)		16
Citigroup		CMBX.NA.BBB-.6		Sell	3.00%		Monthly		05/11/2063		(731)		(61	)		(82	)		21
Citigroup		CMBX.NA.BBB-.6		Sell	3.00%		Monthly		05/11/2063		(1,045)		(88	)		(118	)		30
Citigroup		CMBX.NA.BBB-.6		Sell	3.00%		Monthly		05/11/2063		(731)		(61	)		(81	)		20
Citigroup		CMBX.NA.BBB-.6		Sell	3.00%		Monthly		05/11/2063		(1,106)		(93	)		(119	)		26
Goldman Sachs		CMBX.NA.BBB-.6		Sell	3.00%		Monthly		05/11/2063		(222)		(19	)		(24	)		5
Deutsche Bank		CMBX.NA.BBB-.6		Sell	3.00%		Monthly		05/11/2063		(330)		(28	)		(36	)		8
JPMorgan Chase		CMBX.NA.BBB-.6		Sell	3.00%		Monthly		05/11/2063		(175)		(15	)		(22	)		7
Deutsche Bank		CMBX.NA.BBB-.6		Sell	3.00%		Monthly		05/11/2063		(112)		(9	)		(13	)		4
JPMorgan Chase		CMBX.NA.BBB-.6		Sell	3.00%		Monthly		05/11/2063		(503)		(42	)		(62	)		20
Goldman Sachs		CMBX.NA.BBB-.6		Sell	3.00%		Monthly		05/11/2063		(727)		(61	)		(84	)		23
Citigroup		CMBX.NA.BBB-.6		Sell	3.00%		Monthly		05/11/2063		(471)		(40	)		(57	)		17
Citigroup		CMBX.NA.BBB-.6		Sell	3.00%		Monthly		05/11/2063		(141)		(12	)		(17	)		5
Deutsche Bank		CMBX.NA.BBB-.6		Sell	3.00%		Monthly		05/11/2063		(113)		(10	)		(13	)		3
Citigroup		CMBX.NA.BBB-.6		Sell	3.00%		Monthly		05/11/2063		(164)		(14	)		(17	)		3
Citigroup		CMBX.NA.BBB-.6		Sell	3.00%		Monthly		05/11/2063		(783)		(66	)		(85	)		19
Goldman Sachs		CMBX.NA.BBB-.6		Sell	3.00%		Monthly		05/11/2063		(329)		(28	)		(45	)		17
Citigroup		CMBX.NA.BBB-.9		Buy	3.00%		Monthly		09/17/2058		1,045		28			76			(48)
Citigroup		CMBX.NA.BBB-.9		Buy	3.00%		Monthly		09/17/2058		1,045		28			79			(51)
Citigroup		CMBX.NA.BBB-.9		Buy	3.00%		Monthly		09/17/2058		1,287		35			91			(56)
Citigroup		CMBX.NA.BBB-.9		Buy	3.00%		Monthly		09/17/2058		523		14			42			(28)
Credit Suisse		CMBX-A-.6		Sell	2.00%		Monthly		05/11/2063		(1,305)		3			(29	)		32
Goldman Sachs		CMBX-BBB		Sell	3.00%		Monthly		05/11/2049		(276)		(7	)		(45	)		38
Goldman Sachs		CMBX-BBB		Sell	3.00%		Monthly		05/11/2049		(198)		(5	)		(32	)		27
Citigroup		CMBX-BBB		Sell	3.00%		Monthly		05/11/2049		(172)		(5	)		(26	)		21
Goldman Sachs		CMBX-BBB		Sell	3.00%		Monthly		05/11/2063		(188)		(5	)		(29	)		24
													$(1,364	)	$	(1,331	)	$	(33)

  SEI Institutional Managed Trust / Annual Report / September 30, 2019   279

CONSOLIDATED SCHEDULE OF INVESTMENTS

September 30, 2019

Multi-Asset Inflation Managed Fund (Continued)

Total Return Swaps ^

Counterparty

Reference Entity/ Obligation

Fund Pays

Fund Receives

Payment Frequency

Termination Date

Currency

Notional Amount (Thousands)

Value (Thousands)

Upfront Payments/ Receipts (Thousands)

Net Unrealized     Appreciation     (Depreciation)     (Thousands)

Macquarie Bank Limited

MACQUARIE COMMODITY PRODUCT 251E

0.34%

Index Return

Monthly

10/05/2019

USD

1,898

$

28

$

–

$

28

Macquarie Bank Limited

BLOOMBERG COMMODITY INDEX TOTAL RETURN

US T-BILL HIGH DISCOUNT RATE + 9 BPS

Index Return

Monthly

10/23/2019

USD

12,910

(343

)

–

(343)

Macquarie Bank Limited

BLOOMBERG COMMODITY INDEX 2 MONTH FORWARD TOTAL RETURN

US T-BILL HIGH DISCOUNT RATE + 16.5 BPS

Index Return

Monthly

10/23/2019

USD

997

(24

)

–

(24)

Merrill Lynch

BOFA MERRILL LYNCH COMMODITY MLBXCS3E EXCESS

3-Month U.S. Treasury rate plus 35 BPS

Index Return

Monthly

10/05/2019

USD

2,980

(8

)

–

(8)

Merrill Lynch

BLOOMBERG COMMODITY INDEX TOTAL RETURN

US T-BILL HIGH DISCOUNT RATE + 12 BPS

Index Return

Monthly

10/23/2019

USD

12,297

(327

)

–

(327)

Merrill Lynch

BLOOMBERG COMMODITY INDEX 2 MONTH FORWARD TOTAL RETURN

US T-BILL HIGH DISCOUNT RATE + 8 BPS

Index Return

Monthly

10/23/2019

USD

1,625

(39

)

–

(39)

Societe Generale

SOCIETE GENERALE COMMODITIES CUSTOM ALPHA 061

0.35%

Index Return

Monthly

10/05/2019

USD

4,279

(38

)

–

(38)

Societe Generale

BLOOMBERG COMMODITY INDEX TOTAL RETURN

US T-BILL HIGH DISCOUNT RATE + 11 BPS

Index Return

Monthly

10/23/2019

USD

7,528

(200

)

–

(200)

Societe Generale

BLOOMBERG COMMODITY INDEX 2 MONTH FORWARD TOTAL RETURN

US T-BILL HIGH DISCOUNT RATE + 14 BPS

Index Return

Monthly

10/23/2019

USD

1,771

(43

)

–

(43)

$        (994

)

$

–

$        (994)

A list of the open centrally cleared swap agreements held by the Fund at September 30, 2019 is as follows:

Credit Default Swap

Reference Entity/Obligation

Buy/Sell Protection

(Pays)/Receives Rate

Payment Frequency

Termination Date

Notional Amount (Thousands)

Value (Thousands)

Upfront Payments/ Receipts (Thousands)

Net Unrealized      Depreciation      (Thousands)

CDX.NA.HY.32

Buy

1.00%

Quarterly

06/20/2024

$7,070

$

(149)

$

(122)

$

(27)

Interest Rate Swaps
Fund Pays	Fund Receives	Payment Frequency	Termination Date	Currency	Notional Amount   (Thousands)		Value (Thousands)			Upfront   Payments/     Receipts (Thousands)		Net Unrealized     Depreciation     (Thousands)
2.403%	3-MONTH USD - LIBOR	Quarterly	04/02/2021	USD		7,800	$	(128	)	$	–	$	(128	)
2.1495%	3-MONTH USD - LIBOR	Quarterly	06/04/2029	USD		4,220		(245	)		–		(245	)
2.3545	3-MONTH USD - LIBOR	Quarterly	07/12/2027	USD		1,075		(65	)		–		(65	)
2.44	3-MONTH USD - LIBOR	Quarterly	04/04/2027	USD		10,400		(742	)		–		(742	)
1.67	3-MONTH USD - LIBOR	Quarterly	11/09/2026	USD		1,490		(16	)		–		(16	)
1.66	3-MONTH USD - LIBOR	Quarterly	11/08/2026	USD		1,490		(14	)		–		(14	)
1.60%	3-MONTH USD - LIBOR	Quarterly	10/25/2026	USD		6,110		(49	)		–		(49	)
1.593%	3-MONTH USD - LIBOR	Quarterly	09/27/2029	USD		2,230		(4	)		–		(4	)
2.293%	3-MONTH USD - LIBOR	Quarterly	08/04/2025	USD		2,717		(119	)		–		(119	)
3 MONTH USD - LIBOR	2.31%	Quarterly	05/18/2025	USD		2,820		(139	)		–		(139	)
1.99%	3-MONTH USD - LIBOR	Quarterly	04/21/2025	USD		2,760		(83	)		–		(83	)
3-MONTH SEK - STIBOR	-0.0165%	Annually	08/30/2024	SEK		153,850		(99	)		–		(99	)
3-MONTH CAD - CDOR	1.6225%	Semi-Annually	08/27/2021	CAD		35,050		(129	)		–		(129	)
2.2875%	3-MONTH USD - LIBOR	Quarterly	05/24/2021	USD		6,795		(66	)		–		(66	)

  280   SEI Institutional Managed Trust / Annual Report / September 30, 2019

Fund Pays	Fund Receives		Payment Frequency		Termination Date	Currency	Notional Amount   (Thousands)		Value (Thousands)			Upfront   Payments/     Receipts (Thousands)		Net Unrealized     Depreciation     (Thousands)
2.51%		3-MONTH USD - LIBOR		Quarterly	04/18/2021	USD		1,560	$	(29	)	$	–	$	(29	)
2.49		3-MONTH USD - LIBOR		Quarterly	06/09/2025	USD		1,710		(102	)		–		(102	)
2.631%		3-MONTH USD - LIBOR		Quarterly	11/10/2035	USD		1,190		(174	)		–		(174	)
										(2,203	)		–		(2,203	)

A list of the open reverse repurchase agreements held by the Fund at September 30, 2019 is as follows:

Principal Amount ($ Thousands)	Counterparty	Rate	Maturity	Value ($ Thousands)
$(31,955)	Chase Securities	1.99%	Open Ended		$(31,955)
(27,347)	Chase Securities	1.99%	Open Ended		(27,347)
(27,759)	Chase Securities	1.99%	Open Ended		(27,759)
(27,420)	Chase Securities	1.99%	Open Ended		(27,420)
(74,884)	Chase Securities	1.99%	Open Ended		(74,884)
(32,597)	Chase Securities	1.99%	Open Ended		(32,597)
					$(221,962)

Percentages are based on Net Assets of $854,308 ($ Thousands).

^{^}  Security, or a portion thereof, is held by the Inflation Commodity Strategy Subsidiary, Ltd. as of September 30, 2019.

^*  Non-income producing security.

^‡  Real Estate Investment Trust.

(A) Zero coupon security. The rate shown on the Schedule of Investments is the security’s effective yield at the time of purchase.

(B) Security, or a portion thereof, has been pledged as collateral on reverse repurchase agreements, securities sold short and/or open centrally cleared interest rate swap agreements.

(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, 2019, the value of these securities amounted to $60,258 ($ Thousands), representing 7.1% of the Net Assets of the Fund.

(D) Securities considered illiquid. The total value of such securities as of September 30, 2019 was $30 ($ Thousands) and represented 0.0% of the Net Assets of the Fund (see Note 2).

(E) Security is in default on interest payment.

(F) Variable or floating rate security, the interest rate of which adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets.

(G) Rate is negative due to the decrease in value of the foreign currency against the U.S. Dollar.

(H) Refer to table below for details on Options Contracts.

BRL — Brazilian Real

CAD — Canadian Dollar

CDOR — Canadian Dollar Offered Rate

Cl — Class

CMBX — Commercial Mortgage-Backed Index

CMO — Collateralized Mortgage Obligation

COP — Colombian Peso

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

HUF — Hungarian Forint

ICE— Intercontinental Exchange

INR — Indian Rupee

IO — Interest Only — face amount represents notional amount.

JPY — Japanese Yen

KC HRW — Kansas City Hard Red Winter

LIBOR — London Interbank Offered Rate

LME — London Metal Exchange

MSCI — Morgan Stanley Capital International

MTN — Medium Term Note

MYR — Malaysian Ringgit

NYMEX — New York Mercantile Exchange

NZD — New Zealand Dollar

OTC — Over the counter

PLC — Public Limited Company

PLN — Polish Zloty

S&P — Standard & Poor’s

SEK — Swedish Krona

Ser — Series

STIBOR — Stockholm Interbank Offered Rate

ULSD — Ultra-Low Sulfur Diesel

USD — United States Dollar

VAR — Variable Rate

WTI — West Texas Intermediate

ZAR — South African Rand

The following is a list of the level of inputs used as of September 30, 2019, 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		–		575,538		–		575,538
Common Stock		241,834		–		–		241,834
Corporate Obligations		–		89,554		–		89,554
Mortgage-Backed Securities		–		64,421		–		64,421
U.S. Government Agency Obligations		–		57,687		–		57,687
Asset-Backed Securities		–		17,770		–		17,770
Sovereign Debt		–		15,949		–		15,949
Total Investments in Securities		241,834		820,919		–		1,062,753
Securities Sold Short
Common Stock		(109,617)		–		–		(109,617)
Total Securities Sold Short		(109,617)		–		–		(109,617)

  SEI Institutional Managed Trust / Annual Report / September 30, 2019   281

CONSOLIDATED SCHEDULE OF INVESTMENTS

September 30, 2019

Multi-Asset Inflation Managed Fund (Concluded)

Other Financial Instruments	Level 1 ($)		Level 2 ($)			Level 3 ($)		Total ($)
Purchased Options		410		—			—		410
Written Options		(483)		—			—		(483	)
Futures Contracts*
Unrealized Appreciation		4,447		—			—		4,447
Unrealized Depreciation		(1,707)		—			—		(1,707	)
Forwards Contracts*
Unrealized Appreciation		—		313			—		313
Unrealized Depreciation		—		(386)			—		(386	)
OTC Swaps
Credit Default Swaps*
Unrealized Appreciation		—		571			—		571
Unrealized Depreciation		—		(604	)		—		(604	)
Total Return Swaps*
Unrealized Appreciation		—		28			—		28
Unrealized Depreciation		—		(1,022	)		—		(1,022	)
Centrally Cleared Swaps
Credit Default Swaps*
Unrealized Depreciation		—		(27	)		—		(27	)
Interest Rate Swaps*
Unrealized Depreciation		—		(2,203	)		—		(2,203	)
Reverse Repurchase Agreements		—		(221,962	)		—		(221,962	)
Total Other Financial Instruments		2,667		(225,292	)		—		(222,625	)

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

For the year ended September 30, 2019, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the year ended September 30, 2019, there were no transfers between Level 2 and Level 3 assets and liabilities.

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

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

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

282 SEI Institutional Managed Trust / Annual Report / September 30, 2019

SCHEDULE OF INVESTMENTS

September 30, 2019

Multi-Asset Capital Stability Fund

^†Percentages are based on total investments.

Description	Face Amount (Thousands)		Market Value ($ Thousands)
U.S. TREASURY OBLIGATIONS — 39.9%
U.S. Treasury Bills
1.982%, 11/07/2019 (A)	$	36,914	$	36,849
1.941%, 11/14/2019 (A)		147,497		147,176
U.S. Treasury Inflation Protected Securities
3.875%, 04/15/2029		1,709		2,289
3.625%, 04/15/2028		215		276
3.375%, 04/15/2032		691		952
2.500%, 01/15/2029		1,374		1,658
2.375%, 01/15/2025		1,997		2,221
2.375%, 01/15/2027		1,268		1,464
2.125%, 02/15/2040		812		1,074
2.125%, 02/15/2041		946		1,263
2.000%, 01/15/2026		2,243		2,488
1.750%, 01/15/2028		1,609		1,805
1.375%, 02/15/2044		1,581		1,882
1.125%, 01/15/2021		2,924		2,932
1.000%, 02/15/2046		1,347		1,491
1.000%, 02/15/2048		1,332		1,484
1.000%, 02/15/2049		1,127		1,240
0.875%, 01/15/2029		15,794		16,751
0.875%, 02/15/2047		1,535		1,656
0.750%, 07/15/2028		2,540		2,665
0.750%, 07/15/2028		690		724
0.750%, 02/15/2042		1,503		1,580
0.750%, 02/15/2045		1,868		1,950
0.625%, 07/15/2021		1,992		1,998
0.625%, 04/15/2023		3,314		3,340
0.625%, 01/15/2024		3,436		3,488
0.625%, 01/15/2026		1,912		1,959
0.625%, 02/15/2043		883		900
0.500%, 04/15/2024		2,487		2,517
0.500%, 01/15/2028		2,498		2,554
0.375%, 07/15/2023		2,047		2,059
0.375%, 07/15/2025		3,569		3,614
0.375%, 01/15/2027		2,748		2,776
0.375%, 07/15/2027		2,170		2,202
0.250%, 01/15/2025		3,482		3,489
0.250%, 07/15/2029		1,826		1,839
0.125%, 04/15/2021		3,540		3,501
0.125%, 01/15/2022		155		153
0.125%, 04/15/2022		7,621		7,541
0.125%, 07/15/2022		4,401		4,380
0.125%, 01/15/2023		2,574		2,551

Description	Face Amount (Thousands)		Market Value ($ Thousands)
U.S. TREASURY OBLIGATIONS (continued)
0.125%, 07/15/2024	$	4,265	$	4,260
0.125%, 07/15/2026		3,133		3,123
Total U.S. Treasury Obligations (Cost $289,446) ($ Thousands)				292,114
COMMERCIAL PAPER (A) — 27.8%
Communication Services — 1.1%
AT&T Inc
2.718%, 12/10/2019		1,500		1,493
Vodafone Group
2.263%, 12/03/2019		6,500		6,474
				7,967
Consumer Discretionary — 3.3%
Canadian Tire
2.224%, 10/30/2019		7,200		7,186
Hyundai Capital America
2.284%, 01/06/2020		10,750		10,683
Nissan Motor
2.755%, 10/04/2019		6,500		6,498
				24,367
Consumer Staples — 1.0%
Campbell Soup Company
2.322%, 11/25/2019		6,500		6,477
Walgreens Boots Alliance
2.249%, 11/15/2019		1,250		1,246
				7,723
Energy — 7.5%
Centrica
2.366%, 10/01/2019		9,500		9,499
Enbridge Us
2.343%, 10/07/2019		7,250		7,247
Enel Green Power North America
2.361%, 12/06/2019		10,750		10,704
2.348%, 11/18/2019		10,750		10,716
FMC Technologies
2.288%, 11/21/2019		7,800		7,774
2.280%, 12/06/2019		3,200		3,186
Noble Energy
2.602%, 10/01/2019		6,000		6,000
				55,126
Financials — 6.7%
Cooperatieve Rabobank Ua
1.820%, 10/01/2019		11,100		11,099
General Motors Financial
2.365%, 10/24/2019		5,000		4,992
2.342%, 10/07/2019		6,000		5,997
Hitachi Capital America
2.323%, 10/02/2019		5,000		4,999
Intesa Sanpaolo Funding
2.515%, 10/28/2019		3,500		3,493

SEI Institutional Managed Trust / Annual Report / September 30, 2019 283

SCHEDULE OF INVESTMENTS

September 30, 2019

Multi-Asset Capital Stability Fund (Continued)

Description	Face Amount (Thousands)		Market Value ($ Thousands)
COMMERCIAL PAPER (A) (continued)
NatWest Markets
2.634%, 11/05/2019		6,750	$	6,737
2.254%, 10/24/2019		4,750		4,744
RELX Investments
2.284%, 10/01/2019		250		250
V W Credit
2.547%, 10/03/2019		6,500		6,499
				48,810
Health Care — 0.8%
Boston Scientific
2.355%, 10/04/2019		3,150		3,149
Cigna Corp.
2.273%, 10/03/2019		3,000		2,999
				6,148
Industrials — 3.2%
Canadian Tire
2.254%, 10/21/2019		6,750		6,741
EI Du Pont De Nemours
2.338%, 11/13/2019		10,750		10,721
Sumitomo Corporation of America
2.273%, 10/15/2019		5,750		5,745
				23,207
Materials — 1.2%
Dupont De Nemours
2.313%, 11/07/2019		8,250		8,231
Glencore Funding
2.310%, 12/02/2019		500		498
				8,729
Techhnology — 0.3%
Fortive Corporation
2.253%, 10/24/2019		2,300		2,297
Utilities — 2.7%
Gulf Power
2.204%, 10/28/2019		3,000		2,995
ITC Holdings
2.329%, 10/22/2019		5,000		4,993
Liberty Utilities
2.243%, 10/16/2019		2,000		1,998
National Grid Electric Transmission
2.390%, 10/08/2019		6,500		6,497
Sempra Global
2.278%, 11/04/2019		3,000		2,993
				19,476
Total Commercial Paper (Cost $203,857) ($ Thousands)				203,850
SOVEREIGN DEBT — 14.5%
Japan Treasury Discount Bill
-0.122%, 11/18/2019 (A)(B)		JPY        7,759,000		71,811

Description	Face Amount (Thousands)		Market Value ($ Thousands)
SOVEREIGN DEBT (continued)
Japanese Government CPI Linked Bond
0.100%, 03/10/2026		JPY            2,458,756	$	23,558
0.100%, 03/10/2027		1,101,768		10,612
Total Sovereign Debt (Cost $107,903) ($ Thousands)				105,981
U.S. GOVERNMENT AGENCY OBLIGATIONS — 4.9%
FHLB
1.875%, 07/07/2021		$                23,175		23,257
FHLMC
1.375%, 05/01/2020		12,790		12,752
Total U.S. Government Agency Obligations (Cost $35,929) ($ Thousands)				36,009
	Shares
EXCHANGE TRADED FUNDS — 4.7%
United States — 4.7%
iShares Core S&P 500 ETF		53,136		15,862
VanEck Vectors J.P. Morgan EM Local Currency Bond ETF		73,190		2,416
Vanguard S&P 500 ETF		58,148		15,851
Total Exchange Traded Funds (Cost $30,856) ($ Thousands)				34,129
	Face Amount           (Thousands)
MORTGAGE-BACKED SECURITY — 0.0%
Agency Mortgage-Backed Obligations — 0.0%
FNMA TBA
5.000%,10/01/2038		200		214
Total Mortgage-Backed Security (Cost $214) ($ Thousands)				214
Total Investments in Securities — 91.8% (Cost $668,205) ($ Thousands)			$	672,297
	Contracts
PURCHASED OPTIONS* — 0.0%
Total Purchased Options(C) (Cost $109) ($ Thousands)		17,861,930	$	148

284 SEI Institutional Managed Trust / Annual Report / September 30, 2019

Description	Contracts		Market Value ($ Thousands)
PURCHASED SWAPTION* (D) — 0.0%
Total Purchased Swaption (Cost $120) ($ Thousands)		25,516,000	$	4
WRITTEN OPTIONS* — 0.0%
Total Written Options(C) (Premiums Received $119) ($ Thousands)		(234,524,600)	$	(21)
WRITTEN SWAPTION* — 0.0%
Total Written Swaption (Premiums Received $25) ($ Thousands)		(25,516,000)	$	–

A list of the open exchange traded options contracts held by the Fund at September 30, 2019, is as follows:

Description	Number of Contracts		Notional Amount (Thousands)		Exercise Price		Expiration Date		Value (Thousands)
PURCHASED OPTIONS — 0.0%
Call Options
October 2019, USD Call, CNH Put*		17,861,500	$	127,513		$6.95		10/19/19	$	70
SPDR S&P 500 ETF Trust*		430		12,761		301.00		10/19/19		78
Total Purchased Options			$	140,274					$	148
WRITTEN OPTIONS — 0.0%
Call Options
Dec 19 Calls, Natwest Markets*		(209,894,400)	$	(13,603,697)		68.33		12/21/19	$	(20)
Nove 19 Calls, Natwest Markets*		(20,590,200)		(116,193)		8.20		11/16/19		(1)
Oct 19 Calls, J.P. Morgan Chase Bank*		(4,040,000)		(22,798)		8.00		10/19/19		–
Total Written Options			$	(13,742,688)					$	(21)

A list of open exchange traded swaptions held by the Fund at September 30, 2019, is as follows:

Description	Counterparty		Number of Contracts/ Notional Amount		Exercise Price		Expiration Date		Value (Thousands)
PURCHASED SWAPTION — 0.0%
Put Swaptions —0.0%
October IRS, JP Morgan*		JP Morgan Chase Bank		25,516,000		$1.86		10/15/2019	$	4
Total Purchased Swaption									$	4

	Counterparty		Number of Contracts/ Notional Amount		Exercise Price		Expiration Date		Value (Thousands)
WRITTEN SWAPTION — 0.0%
Puts — 0.0%
October IRS, JP Morgan*		JP Morgan Chase Bank		(25,516,000)		$2.06		10/15/19	$	–
Total Written Swaption									$	–

SEI Institutional Managed Trust / Annual Report / September 30, 2019 285

SCHEDULE OF INVESTMENTS

September 30, 2019

Multi-Asset Capital Stability Fund (Continued)

A list of the open futures contracts held by the Fund at September 30, 2019, is as follows:

Type of Contract	Number of Contracts Long (Short)			Expiration Date		Notional Amount (Thousands)			Value (Thousands)			Unrealized Appreciation/ (Depreciation) (Thousands)
Amsterdam Index		7			Oct-2019	$	893		$	885		$	5
Australian 10-Year Bond		7			Dec-2019		700			696			10
CAC40 10 Euro Index		17			Oct-2019		1,056			1,052			11
Canadian 10-Year Bond		173			Dec-2019		18,830			18,633			(197	)
CBOE Volatility Index		(54	)		Oct-2019		(954	)		(925	)		30
DAX Index		3			Dec-2019		1,026			1,015			3
Euro-Bund		12			Dec-2019		2,322			2,280			(30	)
Euro-OAT		36			Dec-2019		6,797			6,684			(76	)
FTSE 100 Index		25			Dec-2019		2,272			2,275			32
FTSE MIB Index		9			Dec-2019		1,086			1,083			12
IBEX		22			Oct-2019		2,195			2,214			51
Japanese 10-Year Bond		(22	)		Dec-2019		(31,890	)		(31,556	)		31
Long Gilt 10-Year Bond		58			Dec-2019		9,556			9,595			22
MSCI EAFE Index		283			Dec-2019		26,893			26,862			(31	)
MSCI Emerging Markets		202			Dec-2019		10,368			10,119			(249	)
NASDAQ 100 Index E-MINI		37			Dec-2019		5,857			5,750			(107	)
Nikkei 225 Index		32			Dec-2019		6,330			6,443			155
OMX Stockholm 30		71			Oct-2019		1,211			1,190			(4	)
Russell 2000 Index E-MINI		73			Dec-2019		5,774			5,566			(208	)
S&P 500 Index E-MINI		85			Dec-2019		12,760			12,659			(101	)
S&P TSX 60 Index		16			Dec-2019		2,408			2,407			(5	)
S&P TSX 60 Index		17			Dec-2019		2,552			2,558			4
SPI 200 Index		86			Dec-2019		9,846			9,689			5
U.S. 5-Year Treasury Note		424			Jan-2020		50,813			50,519			(294	)
U.S. 10-Year Treasury Note		337			Dec-2019		44,263			43,915			(348	)
U.S. Long Treasury Bond		6			Dec-2019		992			974			(18	)
U.S. Ultra Long Treasury Bond		21			Dec-2019		4,099			4,030			(69	)
						$	198,055		$	196,612		$	(1,366	)

A list of the open forward foreign currency contracts held by the Fund at September 30, 2019, is as follows:

Counterparty	Settlement Date			Currency to Deliver (Thousands)			Currency to Receive (Thousands)		Unrealized Appreciation (Depreciation) (Thousands)
ANZ		10/24/19	USD		1,273	CNH		9,073	$	(3)
ANZ		10/31/19	SGD		1,755	USD		1,271		1
ANZ		11/08/19	USD		776	AUD		1,136		(9)
ANZ		11/21/19	USD		1,280	JPY		137,040		(7)
ANZ		05/26/20	USD		1,277	HKD		10,004		–
Bank of America		10/10/19	EUR		1,395	USD		1,542		20
Bank of America		10/10/19	USD		1,543	EUR		1,379		(38)
Bank of America		10/18/19	USD		510	GBP		409		(6)
Bank of America		10/24/19	USD		888	INR		61,709		(19)
Bank of America		10/24/19	INR		54,962	USD		765		(10)
Bank of America		10/25/19	MXN		15,471	USD		786		6
Bank of America		11/08/19	USD		924	JPY		99,447		(1)
Bank of America		11/14/19	USD		1,607	RUB		103,699		(18)
Bank of America		11/21/19	JPY		54,887	USD		509		(1)
Bank of America		12/16/19	USD		1,075	CAD		1,413		(6)
Bank of America		12/16/19	NZD		3,281	USD		2,109		49

  286   SEI Institutional Managed Trust / Annual Report / September 30, 2019

Counterparty	Settlement Date			Currency to Deliver (Thousands)			Currency to Receive (Thousands)		Unrealized Appreciation (Depreciation) (Thousands)
Barclays PLC		10/02/19	USD		1,088	BRL		4,551	$	4
Barclays PLC		10/10/19	EUR		460	USD		508		6
Barclays PLC		10/11/19	USD		505	HUF		150,706		(14)
Barclays PLC		10/18/19	GBP		426	USD		516		(10)
Barclays PLC		10/18/19	USD		523	GBP		426		2
Barclays PLC		10/24/19	USD		2,257	INR		162,807		37
Barclays PLC		10/24/19	INR		162,417	USD		2,255		(34)
Barclays PLC		10/25/19	USD		515	MXN		10,269		3
Barclays PLC		10/25/19	USD		765	MXN		14,892		(14)
Barclays PLC		11/14/19	USD		506	RUB		32,582		(6)
Barclays PLC		11/21/19	USD		256	IDR		3,634,116		(2)
Barclays PLC		11/21/19	IDR		3,127,588	USD		216		(3)
Barclays PLC		11/27/19	USD		519	TWD		16,067		1
Barclays PLC		12/16/19	USD		1,189	CAD		1,565		(6)
Barclays PLC		01/08/20	EUR		690	NOK		6,854		(3)
BNP Paribas		10/10/19	USD		2,082	EUR		1,849		(65)
BNP Paribas		10/11/19	PLN		5,034	USD		1,295		40
BNP Paribas		11/22/19	USD		1,529	CAD		2,024		1
Brown Brothers Harriman		10/10/19	EUR		2,733	USD		3,080		98
Brown Brothers Harriman		10/11/19	USD		242	PLN		926		(10)
Brown Brothers Harriman		10/11/19	EUR		276	PLN		1,182		(6)
Brown Brothers Harriman		10/16/19	USD		256	ILS		896		2
Brown Brothers Harriman		10/16/19	ILS		2,267	USD		644		(9)
Brown Brothers Harriman		10/24/19	USD		939	CNH		6,656		(7)
Brown Brothers Harriman		10/25/19	USD		443	MXN		8,827		2
Brown Brothers Harriman		10/25/19	USD		253	MXN		4,948		(4)
Brown Brothers Harriman		11/07/19	USD		256	NZD		405		(2)
Brown Brothers Harriman		11/07/19	NZD		2,601	USD		1,659		27
Brown Brothers Harriman		11/08/19	AUD		375	USD		254		1
Brown Brothers Harriman		12/16/19	CAD		424	USD		321		–
Brown Brothers Harriman		11/22/19	CAD		339	USD		255		(1)
Brown Brothers Harriman		12/05/19	EUR		228	TRY		1,467		5
Brown Brothers Harriman		12/13/19	JPY		87,372	USD		808		(5)
Brown Brothers Harriman		12/16/19	USD		664	CAD		879		1
Brown Brothers Harriman		01/08/20	USD		1,756	NOK		15,655		(30)
Brown Brothers Harriman		01/10/20	CHF		1,909	USD		1,949		16
Brown Brothers Harriman		05/10/21	GBP		–	USD		–		–
Citigroup		10/10/19	EUR		463	USD		516		11
Citigroup		10/24/19	USD		760	CNH		5,458		4
Citigroup		10/24/19	USD		1,342	INR		93,159		(30)
Citigroup		10/24/19	CNH		3,675	USD		514		(1)
Citigroup		10/25/19	USD		638	MXN		12,549		(5)
Citigroup		11/07/19	USD		510	NZD		809		(3)
Citigroup		11/14/19	COP		882,883	USD		262		9
Citigroup		11/21/19	ZAR		7,393	USD		500		15
Citigroup		12/05/19	TRY		4,335	USD		738		(14)
Citigroup		12/13/19	USD		1,290	JPY		140,275		15
Citigroup		01/10/20	CHF		759	SEK		7,416		(9)
Citigroup		01/10/20	SEK		4,944	USD		513		6

  SEI Institutional Managed Trust / Annual Report / September 30, 2019   287

SCHEDULE OF INVESTMENTS

September 30, 2019

Multi-Asset Capital Stability Fund (Continued)

Counterparty	Settlement Date			Currency to Deliver (Thousands)			Currency to Receive (Thousands)		Unrealized Appreciation (Depreciation) (Thousands)
Credit Suisse First Boston		10/10/19	EUR		1,162	TRY		7,310	$	22
Credit Suisse First Boston		10/24/19	USD		1,286	CNH		9,090		(14)
Credit Suisse First Boston		11/14/19	CLP		1,197,586	USD		1,686		39
Credit Suisse First Boston		05/26/20	HKD		20,131	USD		2,565		(5)
Deutsche Bank		10/02/19	BRL		3,106	USD		765		19
Deutsche Bank		10/16/19	USD		1,003	ILS		3,499		5
Goldman Sachs		10/02/19	USD		775	BRL		3,175		(13)
Goldman Sachs		10/02/19	BRL		1,595	USD		384		1
Goldman Sachs		10/02/19	BRL		2,111	USD		505		(2)
Goldman Sachs		10/10/19	EUR		675	USD		748		12
Goldman Sachs		10/16/19	ILS		4,852	USD		1,372		(26)
Goldman Sachs		10/24/19	USD		641	INR		46,189		10
Goldman Sachs		10/24/19	INR		35,409	USD		507		8
Goldman Sachs		10/24/19	INR		73,399	USD		1,008		(26)
Goldman Sachs		10/25/19	USD		513	MXN		10,269		5
Goldman Sachs		11/08/19	USD		762	AUD		1,127		(1)
Goldman Sachs		11/14/19	USD		382	RUB		24,491		(7)
Goldman Sachs		11/14/19	RUB		65,398	USD		1,011		8
Goldman Sachs		11/14/19	RUB		33,451	USD		510		(2)
Goldman Sachs		11/21/19	USD		784	JPY		83,787		(6)
Goldman Sachs		11/21/19	USD		2,255	IDR		32,392,366		16
Goldman Sachs		11/21/19	JPY		82,550	AUD		1,131		(3)
HSBC		10/10/19	EUR		1,037	USD		1,156		25
HSBC		10/24/19	USD		512	INR		35,596		(10)
HSBC		10/24/19	USD		458	CNH		3,274		1
HSBC		10/24/19	USD		1,021	CNH		7,269		(4)
HSBC		10/24/19	INR		106,113	USD		1,456		(39)
HSBC		10/31/19	SGD		3,581	USD		2,592		–
HSBC		11/08/19	AUD		746	USD		508		4
HSBC		11/08/19	USD		776	AUD		1,131		(12)
HSBC		11/21/19	USD		501	ZAR		7,393		(17)
HSBC		11/21/19	JPY		82,411	AUD		1,118		(10)
HSBC		11/21/19	IDR		10,914,683	USD		738		(27)
JPMorgan Chase Bank		10/24/19	USD		450	INR		31,219		(10)
JPMorgan Chase Bank		10/24/19	USD		762	CNH		5,401		(6)
JPMorgan Chase Bank		10/24/19	CNH		20,972	USD		2,968		34
JPMorgan Chase Bank		10/24/19	INR		54,282	USD		757		(8)
JPMorgan Chase Bank		10/30/19	KRW		1,519,435	USD		1,274		5
JPMorgan Chase Bank		11/21/19	AUD		2,261	JPY		164,115		(3)
JPMorgan Chase Bank		11/21/19	IDR		9,013,320	USD		632		–
JPMorgan Chase Bank		11/27/19	TWD		16,067	USD		524		4
JPMorgan Chase Bank		12/05/19	USD		499	TRY		2,908		6
Morgan Stanley		10/02/19	USD		389	BRL		1,603		(5)
Morgan Stanley		10/10/19	USD		3,120	EUR		2,773		(94)
Morgan Stanley		10/11/19	USD		1,284	PLN		4,875		(68)
Morgan Stanley		10/11/19	PLN		1,950	USD		513		26
Morgan Stanley		11/08/19	AUD		2,286	USD		1,546		3
Morgan Stanley		11/21/19	USD		255	IDR		3,594,686		(3)
Morgan Stanley		12/05/19	USD		495	TRY		2,910		10

  288   SEI Institutional Managed Trust / Annual Report / September 30, 2019

Counterparty	Settlement Date		Currency to Deliver (Thousands)			Currency to Receive (Thousands)		Unrealized Appreciation (Depreciation) (Thousands)
RBS	10/10/19	EUR		925	USD		1,036	$	27
RBS	10/16/19	USD		783	ILS		2,724		1
RBS	10/24/19	USD		530	INR		38,256		9
RBS	10/25/19	MXN		13,894	USD		702		1
RBS	10/30/19	USD		519	KRW		621,304		(1)
RBS	11/04/19	USD		600	BRL		2,517		3
RBS	11/14/19	USD		516	COP		1,747,705		(14)
RBS	11/14/19	USD		1,673	CLP		1,197,193		(27)
RBS	11/14/19	CLP		552,840	USD		761		1
RBS	11/14/19	COP		887,324	USD		257		2
RBS	11/27/19	USD		514	TWD		15,804		(2)
RBS	12/16/19	JPY		11,475,213	USD		107,638		825
RBS	12/13/19	JPY		54,912	USD		507		(3)
Standard Bank	10/10/19	USD		777	EUR		694		(20)
Standard Bank	10/11/19	HUF		150,706	USD		515		24
Standard Bank	10/24/19	INR		55,082	USD		761		(16)
Standard Bank	10/30/19	USD		1,555	KRW		1,849,470		(10)
Standard Bank	11/21/19	IDR		7,314,235	USD		503		(9)
UBS	10/18/19	GBP		409	USD		505		1
UBS	10/24/19	USD		1,013	INR		72,728		12
UBS	10/24/19	CNH		9,178	USD		1,277		(7)
UBS	10/31/19	SGD		1,070	USD		771		(3)
UBS	11/08/19	JPY		99,447	AUD		1,342		(17)
								$	590

A list of the open centrally cleared swap agreements held by the Fund at September 30, 2019 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.NA.HY.S32V1-5Y	Sell	5.00%	Quarterly	06/20/2024		(8,448	)	$	596	$	667	$	(71	)
CDX.NA.IG.33	Sell	1.00%	Quarterly	12/20/2024		(14,480	)		288		293		(5	)
CDX.NA.IG.33	Sell	1.00%	Quarterly	12/20/2024		(1,170	)		23		23		–
CDX.NA.IG.S32V1-5Y	Sell	1.00%	Quarterly	06/20/2024		(5,880	)		124		135		(11	)
ITRAXX.EUR.XOVER	Sell	5.00%	Quarterly	06/20/2024		(1,710	)		186		217		(31	)
								$	1,217	$	1,335	$	(118	)

  SEI Institutional Managed Trust / Annual Report / September 30, 2019   289

SCHEDULE OF INVESTMENTS

September 30, 2019

Multi-Asset Capital Stability Fund (Concluded)

Interest Rate Swaps
Fund Pays	Fund Receives	Payment Frequency	Termination Date	Currency	Notional Amount (Thousands)		Value (Thousands)			Upfront   Payments/     Receipts (Thousands)		Net Unrealized         Appreciation          (Depreciation)         (Thousands)
6-MONTH AUD - BBSW	2.372%	Semi-Annually	02/18/2029	AUD		560	$	42		$	–	$	42
3-MONTH NZD - BKBM	1.415%	Semi-Annually	09/17/2029	NZD		730		9			–		9
6-MONTH AUD - BBSW	1.32%	Semi-Annually	09/16/2029	AUD		610		6			–		6
3-MONTH NZD - BKBM	1.285%	Semi-Annually	09/11/2029	NZD		5,030		27			–		27
6-MONTH AUD - BBSW	1.2175%	Semi-Annually	09/10/2029	AUD		5,490		17			–		17
3-MONTH NZD - BKBM	1.490%	Semi-Annually	08/07/2029	NZD		860		15			–		15
6-MONTH AUD - BBSW	1.236%	Semi-Annually	08/06/2029	AUD		800		4			–		4
3-MONTH NZD - BKBM	1.784%	Semi-Annually	07/04/2029	NZD		1,440		50			–		50
6-MONTH AUD - BBSW	1.564%	Semi-Annually	07/03/2029	AUD		1,780		46			–		46
3-MONTH NZD - BKBM	1.730%	Semi-Annually	06/24/2029	NZD		1,270		40			–		40
6-MONTH AUD - BBSW	1.525%	Semi-Annually	06/21/2029	AUD		1,310		30			–		30
3-MONTH NZD - BKBM	1.9300%	Semi-Annually	06/13/2029	NZD		1,350		58			–		58
6-MONTH AUD - BBSW	1.730%	Semi-Annually	06/12/2029	AUD		1,400		51			–		51
3-MONTH NZD - BKBM	1.9125%	Semi-Annually	06/11/2029	NZD		1,230		52			–		52
6-MONTH AUD - BBSW	1.693%	Semi-Annually	06/11/2029	AUD		1,500		50			–		50
3-MONTH NZD - BKBM	2.2375%	Semi-Annually	04/08/2029	NZD		850		51			–		51
6-MONTH AUD - BBSW	2.131%	Semi-Annually	04/05/2029	AUD		650		39			–		39
3-MONTH NZD - BKBM	2.363%	Semi-Annually	03/20/2029	NZD		970		65			–		65
6-MONTH AUD - BBSW	2.22%	Semi-Annually	03/19/2029	AUD		1,230		82			–		82
3-MONTH NZD - BKBM	2.455%	Semi-Annually	03/08/2029	NZD		750		54			–		54
6-MONTH AUD - BBSW	2.306%	Semi-Annually	03/07/2029	AUD		770		55			–		55
3-MONTH NZD - BKBM	2.465%	Semi-Annually	03/04/2029	NZD		580		42			–		42
6-MONTH AUD - BBSW	2.38%	Semi-Annually	03/01/2029	AUD		690		53			–		53
3-MONTH NZD - BKBM	2.455%	Semi-Annually	02/26/2029	NZD		1,410		102			–		102
6-MONTH AUD - BBSW	2.3125%	Semi-Annually	02/25/2029	AUD		1,440		104			–		104
3-MONTH NZD - BKBM	2.4925%	Semi-Annually	02/19/2029	NZD		380		28			–		28
6-MONTH AUD - BBSW	1.145%	Semi-Annually	09/24/2029	AUD		910		(1	)		–		(1	)
3-MONTH NZD - BKBM	1.23%	Semi-Annually	09/25/2029	NZD		970		2			–		2
							$	1,173		$	–	$	1,173

Percentages are based on Net Assets of $732,710 ($ Thousands).

* Non-income producing security.

(A) Zero coupon security. The rate shown on the Schedule of Investments is the security’s effective yield at the time of purchase.

(B) Rate is negative due to the decrease in value of the foreign currency against the U.S. Dollar.

(C) Refer to table below for details on Options Contracts.

(D) Refer to table below for details on Swaption Contracts.

AUD — Australian Dollar

BBSW — Bank Bill Swap Rate

BKBM — Bank Bill Benchmark Rate

BRL — Brazilian Real

CAD — Canadian Dollar

CHF — Swiss Franc

CLP — Chilean Peso

CNH — Chinese Yuan Offshore

COP — Colombian Peso

CPI — Consumer Price Index

DAX — German Stock Index

EAFE — Europe, Australasia and Far East

EM — Emerging Markets

ETF — Exchange-Traded Fund

EUR — Euro

FHLB — Federal Home Loan Bank

FHLMC — Federal Home Loan Mortgage Corporation

FNMA — Federal National Mortgage Association

FTSE — Financial Times and Stock Exchange

GBP — British Pound Sterling

HKD — Hong Kong Dollar

IBEX — Spanish Continuous Exchange

IDR — Indonesia Dollar

INR — Indian Rupee

ILS — Israeli New Sheckels

HUF — Hungarian Forint

JPY — Japanese Yen

KRW — Korean Won

LLC — Limited Liability Company

MSCI — Morgan Stanley Capital International

MXN — Mexican Peso

MYR — Malaysian Ringgit

NASDAQ — National Association of Securities Dealers and Automated Quotations

NOK — Norwegian Krone

NZD — New Zealand Dollar

OMX — Stockholm Stock Exchange

PLN — Polish Zloty

RUB — Russian Ruble

S&P — Standard & Poor’s

  290   SEI Institutional Managed Trust / Annual Report / September 30, 2019

SGD — Singapore Dollar

SEK — Swedish Krona

SPI — Share Price Index

TBA — To Be Announced

TRY — Turkish Lira

TSX — Toronto Stock Exchange

TWD — Taiwan Dollar

USD — United States Dollar

ZAR — South African Rand

The following is a list of the level of inputs used as of September 30, 2019, 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		–			292,114			–		292,114
Commercial Paper		–			203,850			–		203,850
Sovereign Debt		–			105,981			–		105,981
U.S. Government Agency Obligations		–			36,009			–		36,009
Exchange Traded Funds		34,129			–			–		34,129
Mortgage-Backed Security		–			214			–		214
Total Investments in Securities		34,129			638,168			–		672,297
Other Financial Instruments	Level 1 ($)			Level 2 ($)			Level 3 ($)		Total ($)
Purchased Options		148			–			–		148
Purchased Swaptions		–			4			–		4
Written Options		(21	)		–			–		(21	)
Written Swaptions		–			–			–		–
Futures Contracts*
Unrealized Appreciation		371			–			–		371
Unrealized Depreciation		(1,737	)		–			–		(1,737	)
Forwards Contracts*
Unrealized Appreciation		–			1,551			–		1,551
Unrealized Depreciation		–			(961	)		–		(961	)
Centrally Cleared Swaps
Credit Default Swaps*
Unrealized Appreciation		–			–			–		–
Unrealized Depreciation		–			(118	)		–		(118	)
Interest Rate Swaps*
Unrealized Appreciation		–			1,174			–		1,174
Unrealized Depreciation		–			(1	)		–		(1	)
Total Other Financial Instruments		(1,239	)		1,649			–		410

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

For the year ended September 30, 2019, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the year ended September 30, 2019, there were no transfers between Level 2 and Level 3 assets and liabilities.

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

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

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

SEI Institutional Managed Trust / Annual Report / September 30, 2019 291

STATEMENTS OF ASSETS AND LIABILITIES ($ Thousands)

September 30, 2019

	Large Cap Fund			Large Cap Value Fund
Assets:
Investments, at value †	$	2,267,844	*		$        1,324,682	*
Affiliated investments, at value ††		51,733			18,808
Cash and cash equivalents		2			–
Cash pledged as collateral on futures contracts		461			534
Cash pledged as collateral on securities sold short		–			–
Foreign currency, at value †††		–			–
Receivable for fund shares sold		1,067			507
Dividends and interest receivable		3,008			2,222
Receivable for variation margin		55			73
Foreign tax reclaim receivable		46			174
Receivable for investment securities sold		–			11,874
Prepaid expenses		30			21
Total Assets		2,324,246			1,358,895
Liabilities:
Payable upon return on securities loaned		29,703			900
Payable for fund shares redeemed		2,247			747
Administration fees payable		466			306
Shareholder servicing fees payable Class F		446			242
Shareholder servicing fees payable Class I		–			1
Payable for investment securities purchased		–			11,782
Due to custodian		–			1
Investment advisory fees payable		691			359
Chief Compliance Officer fees payable		1			1
Trustees fees payable		–			–
Administration servicing fees payable Class I		–			–
Accrued expense payable		73			42
Total Liabilities		33,627			14,381
Net Assets	$	2,290,619			$        1,344,514
† Cost of investments and repurchase agreements	$	1,794,366			$        1,094,048
†† Cost of affiliated investments		51,723			18,807
††† Cost of foreign currency		–			–
* Includes market value of securities on loan		29,436			921

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

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

292 SEI Institutional Managed Trust / Annual Report / September 30, 2019

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
$	1,457,869*	$	438,779*	$	3,955,555*	$	824,562	$	574,260*	$	304,119*	$	317,048*	$	851,754*
	22,358		16,599		73,959		8,999		30,598		24,555		34,744		97,141
	–		4		1		7		5		–		–		3
	441		660		–		454		–		202		120		–
	–		–		–		–		–		–		–		–
	–		–		128		–		–		–		–		–
	568		1,190		685		242		506		159		186		267
	483		405		4,988		740		529		587		208		1,271
	52		80		–		53		–		3		2		–
	19		–		281		24		–		–		–		–
	2,685		–		–		12,672		2,289		559		4,059		2,462
	19		8		43		11		8		4		5		32
	1,484,494		457,725		4,035,640		847,764		608,195		330,188		356,372		952,930
	5,992		710		39,148		–		16,902		8,496		23,698		78,153
	882		570		2,517		15,262		289		205		237		294
	343		27		675		95		144		74		77		202
	272		36		725		35		116		55		60		140
	1		–		–		1		–		–		–		–
	2,483		639		–		–		3,053		580		3,578		3,890
	6		–		–		–		–		–		–		–
	401		7		1,316		14		284		148		147		412
	1		–		–		–		–		–		–		1
	–		–		1		–		–		–		–		–
	–		–		–		1		–		–		–		–
	48		79		118		88		19		12		13		29
	10,429		2,068		44,500		15,496		20,807		9,570		27,810		83,121
$	1,474,065	$	455,657	$	3,991,140	$	832,268	$	587,388	$	320,618	$	328,562	$	869,809
$	988,776	$	412,858	$	2,118,715	$	312,522	$	532,368	$	281,933	$	296,283	$	600,246
	22,357		16,608		73,956		8,999		30,599		24,553		34,744		97,142
	–		–		129		–		–		–		–		–
	5,874		684		38,938		–		16,240		8,319		23,082		76,613

SEI Institutional Managed Trust / Annual Report / September 30, 2019 293

STATEMENTS OF ASSETS AND LIABILITIES ($ Thousands)

September 30, 2019

	Large Cap Fund		Large Cap Value Fund
Net Assets:
Paid-in capital – (unlimited authorization — no par value)		$       1,689,341		$          1,097,128
Total distributable earnings		601,278		247,386
Net Assets		$          2,290,619		$           1,344,514
Net Asset Value, Offering and Redemption Price Per Share – Class F		$13.94    ($ 2,158,883,254 ÷ 154,892,407 shares)		$                  23.25    ($1,190,699,983  ÷ 51,209,506 shares)
Net Asset Value, Offering and Redemption Price Per Share – Class I		N/A		$                  23.27    ($3,042,200  ÷ 130,729 shares)
Net Asset Value, Offering and Redemption Price Per Share – Class Y		$                 13.95    ($ 131,735,892 ÷ 9,446,721 shares)		$                  23.26    ($150,771,843 ÷ 6,483,361 shares)

N/A – Not applicable. Share class currently not offered.

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

294 SEI Institutional Managed Trust / Annual Report / September 30, 2019

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
$	924,990		$	429,038		$	1,871,725		$	298,442		$	573,486		$	309,090		$	306,176		$	599,909
	549,075			26,619			2,119,415			533,826			13,902			11,528			22,386			269,900
$	1,474,065		$	455,657		$	3,991,140		$	832,268		$	587,388		$	320,618		$	328,562		$	869,809
$	35.79		$	10.54		$	27.53		$	69.00		$	11.05		$	20.60		$	31.88		$	21.04
	($1,314,151,969	÷		($455,656,598	÷		($3,543,245,387	÷		($826,946,539	÷	($	554,259,703	÷		($274,660,334	÷		($293,814,240	÷		($771,374,997	÷
	36,716,034 shares	)		43,226,521 shares	)		128,716,480 shares	)		11,985,046 shares	)		50,164,388 shares	)		13,335,659 shares	)		9,217,583 shares	)		36,669,583 shares	)
$	34.86			N/A			N/A		$	69.39			N/A		$	20.39		$	30.29			N/A
	($2,643,248	÷								($5,321,631	÷					($1,703,172	÷		($1,407,725	÷
	75,828 shares	)								76,694 shares	)					83,546 shares	)		46,468 shares	)
$	35.84			N/A		$	27.54			N/A		$	11.15		$	20.61		$	32.23		$	21.06
	($157,269,308	÷					($447,894,424	÷					($33,128,325	÷		($44,254,518	÷		($33,340,078	÷		($98,433,842	÷
	4,388,535 shares	)					16,262,328 shares	)					2,969,896 shares	)		2,147,123 shares	)		1,034,315 shares	)		4,673,343 shares	)

SEI Institutional Managed Trust / Annual Report / September 30, 2019 295

STATEMENTS OF ASSETS AND LIABILITIES ($ Thousands)

September 30, 2019

	Mid-Cap Fund			U.S. Managed Volatility      Fund
Assets:
Investments, at value †		$	102,430		$	1,788,251
Affiliated investments, at value ††			3,143			44,041
Repurchase agreements†			–			–
Cash and cash equivalents			20			–
Due from Broker			–			–
Cash pledged as collateral on swap contracts			–			–
Cash pledged as collateral on futures contracts			–			1,027
Cash pledged as collateral on securities sold short			–			–
Foreign currency, at value †††			–			1,627
Receivable for fund shares sold			23			1,424
Dividends and interest receivable			177			4,395
Receivable for investment securities sold			–			420
Unrealized gain on forward foreign currency contracts			–			–
OTC Swap contracts, at value ††††			–			–
Options purchased, at value †††††			–			–
Foreign tax reclaim receivable			–			11
Receivable for variation margin			–			120
Prepaid expenses			1			21
Total Assets			105,794			1,841,337
Liabilities:
Payable for fund shares redeemed			108			1,418
Administration fees payable			25			336
Shareholder servicing fees payable Class F			21			186
Shareholder servicing fees payable Class I			–			–
Payable upon return on securities loaned			–			–
Payable for investment securities purchased			–			617
Income distribution payable			–			–
Options written, at value †††††			–			–
Due to custodian			–			–
Payable for variation margin			–			–
Unrealized loss on forward foreign currency contracts			–			–
Investment advisory fees payable			35			587
Trustees fees payable			–			–
Chief Compliance Officer fees payable			–			1
Administration servicing fees payable Class I			–			–
Accrued expense payable			5			60
Total Liabilities			194			3,205
Net Assets		$	105,600		$	1,838,132
† Cost of investments and repurchase agreements		$	95,187		$	1,481,403
†† Cost of affiliated investments			3,143			44,041
††† Cost of foreign currency			–			1,614
†††† Cost (premiums received)			–			–
††††† Cost (premiums received)			–			–
* Includes market value of securities on loan			–			–

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

The accompanying notes are an integral part of the financial statements

296 SEI Institutional Managed Trust / Annual Report / September 30, 2019

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
	$        1,253,422	$	1,075,250	$	361,183	$	139,787	$	4,376,121	*	$	1,549,318	$	200,059
	15,286		18,322		9,481		1,838		200,543			90,039		46
	–		–		–		–		30,000			–		52,184
	4,770		27		2,174		–		–			55		–
	–		–		–		–		1,378			1,105		–
	–		–		–		–		5,586			1,131		–
	532		239		349		–		4,353			–		–
	–		–		–		–		–			–		–
	1,073		628		1,101		–		741			–		–
	610		339		229		28		2,632			798		157
	3,309		1,839		1,429		553		20,529			23,078		344
	106		161		–		127		248,925			12,365		–
	2,256		–		–		–		2,716			–		–
	–		–		–		–		739			–		–
	–		–		–		–		2,223			–		–
	3,057		9		1,479		–		661			51		–
	47		28		19		–		596			–		–
	17		14		5		2		50			20		3
	1,284,485		1,096,856		377,449		142,335		4,897,793			1,677,960		252,793
	1,137		3,082		2,261		317		3,348			1,173		291
	309		251		130		35		545			243		21
	222		205		68		21		763			293		19
	–		–		–		–		1			2		–
	–		–		–		–		91,029			1		–
	103		370		63		–		595,575			32,891		–
	–		–		–		–		801			790		103
	–		–		–		–		1,216			–		–
	–		–		–		–		130			–		46
	6		–		13		–		424			46		–
	117		–		–		–		3,150			–		–
	584		392		116		65		684			552		12
	–		–		–		–		1			–		–
	1		1		–		–		2			1		–
	–		–		–		–		1			2		–
	65		36		20		5		223			92		10
	2,544		4,337		2,671		443		697,893			36,086		502
	$        1,281,941	$	1,092,519	$	374,778	$	141,892	$	4,199,900		$	1,641,874	$	252,291
	$        1,080,243	$	642,989	$	323,437	$	108,375	$	4,286,991		$	1,545,523	$	252,182
	15,286		18,322		9,481		1,838		200,536			90,039		46
	1,077		633		1,105		–		769			–		–
	–		–		–		–		5			–		–
	–		–		–		–		807			–		–
	–		–		–		–		88,813			–		–

SEI Institutional Managed Trust / Annual Report / September 30, 2019 297

STATEMENTS OF ASSETS AND LIABILITIES ($ Thousands)

September 30, 2019

	Mid-Cap Fund		U.S. Managed Volatility     Fund
Net Assets:
Paid-in capital — (unlimited authorization — no par value)	$	96,839		$                  1,484,724
Total distributable earnings/(loss)		8,761		353,408
Net Assets	$	105,600	$	1,838,132
Net Asset Value, Offering and Redemption Price Per Share — Class F	$	24.94      ($102,279,727 ÷   4,100,378 shares)	$	17.78     ($914,611,634 ÷ 51,433,756 shares)
Net Asset Value, Offering and Redemption Price Per Share — Class I	$	24.91      ($715,692 ÷   28,736 shares)	$	17.78     ($1,345,165 ÷  75,666 shares)
Net Asset Value, Offering and Redemption Price Per Share — Class Y	$	24.96      ($2,604,511 ÷   104,327 shares)	$	17.79     ($922,174,928 ÷  51,831,377 shares)

N/A - Not applicable. Share class currently not offered.

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

298 SEI Institutional Managed Trust / Annual Report / September 30, 2019

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
$	1,056,935		$	637,439		$	355,351		$	104,987		$	4,090,591		$	1,829,960		$	252,247
	225,006			455,080			19,427			36,905			109,309			(188,086	)		44
$	1,281,941		$	1,092,519		$	374,778		$	141,892		$	4,199,900		$	1,641,874		$	252,291
$	11.46		$	17.61		$	10.77		$	17.24		$	11.65		$	6.91		$	10.00
	($1,060,614,525	÷		($1,004,802,380	÷		($331,995,855	÷		($104,561,635	÷		($3,755,354,813	÷		($1,444,564,485	÷		($229,165,831	÷
	92,559,510 shares	)		57,049,873 shares	)		30,823,649 shares	)		6,066,811 shares	)		322,297,866 share	s)		209,163,383 shares	)		22,912,853 shares	)
$	11.19			N/A			N/A		$	17.20		$	11.64		$	6.65			N/A
	($1,066,514	÷								($419,821	÷		($5,084,543	÷		($11,926,464	÷
	95,315 shares	)								24,403 shares	)		436,682 shares	)		1,792,738 shares	)
$	11.49		$	17.62		$	10.79		$	17.25		$	11.66		$	6.91		$	10.00
	($220,259,920	÷		($87,716,879	÷		($42,782,359	÷		($36,910,393	÷		($439,460,751	÷		($185,382,704	÷		($23,125,588	÷
	19,166,457 shares	)		4,978,737 shares	)		3,965,249 shares	)		2,140,282 shares	)		37,704,839 shares	)		26,844,814 shares	)		2,312,090 shares	)

SEI Institutional Managed Trust / Annual Report / September 30, 2019 299

STATEMENTS OF ASSETS AND LIABILITIES/CONSOLIDATED STATEMENTS OF ASSETS AND LIABILITIES ($ Thousands)

September 30, 2019

	Tax-Free Conservative     Income Fund
Assets:
Investments, at value †		$            180,137
Affiliated investments, at value ††		–
Cash and cash equivalents		51
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		153
Dividends and interest receivable		617
Receivable for investment securities sold		–
Unrealized gain on forward foreign currency contracts		–
Unrealized gain on foreign spot currency contracts		–
OTC Swap contracts, at value ††††		–
Options purchased, at value †††††		–
Swaptions purchased, at value ††††† †		–
Foreign tax reclaim receivable		–
Receivable for variation margin		–
Prepaid expenses		2
Total Assets		180,960
Liabilities:
Payable for fund shares redeemed		1,787
Income distribution payable		32
Administration fees payable		14
Shareholder servicing fees payable Class F		13
Payable for securities sold short@		–
Payable for investment securities purchased		–
OTC Swap contracts, at value ††††		–
Options written, at value †††††		–
Due to broker		–
Reverse repurchase agreements		–
Payable for variation margin		–
Unrealized loss on foreign currency spot contracts		–
Unrealized loss on forward foreign currency contracts		–
Investment advisory fees payable		9
Interest payable		–
Chief Compliance Officer fees payable		–
Unfunded commitments on loan participations		–
Accrued expense payable		10
Total Liabilities		1,865
Net Assets		$            179,095
† Cost of investments and repurchase agreements		$            180,133
†† 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.

300 SEI Institutional Managed Trust / Annual Report / September 30, 2019

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
	$                    250,838	$	780,187	$	303,881	$	2,150,027	$	943,929	$	1,062,753	$	672,297
	892		–		153,543		–		–		–		–
	–		8,437		42,984		581,149		18,161		117,567		47,434
	–		–		456		1,713		–		–		–
	–		–		11,719		52,612		14,793		599		1,905
	–		372		98		113,746		3,689		8,441		8,716
	–		–		1,710		–		–		–		6
	–		–		–		–		32,840		–		–
	–		–		14,160		–		–		–		–
	–		–		2,166		9,978		1,854		27		1,363
	116		623		296		1,888		543		605		423
	266		801		1,320		2,126		8,898		2,240		447
	–		–		11,251		100		48,341		6,024		1,047
	–		7,020		169		11,798		1,608		313		1,551
	–		–		2		–		3		–		1
	–		–		690		1,593		17		157		–
	–		–		585		–		676		410		148
	–		2,093		2		–		–		–		4
	–		–		65		249		99		58		–
	–		43		9		6,738		331		1,065		498
	3		11		6		35		12		13		9
	252,115		799,587		545,112		2,933,752		1,075,794		1,200,272		735,849
	289		505		415		2,568		727		548		646
	–		–		–		–		412		–		–
	38		181		66		594		169		195		78
	19		149		96		552		67		165		56
	–		–		45,858		–		–		109,617		–
	–		–		16,061		28,564		93,373		6,383		901
	–		–		40		228		31		2,515		–
	–		–		194		–		1,341		483		21
	–		–		–		3,743		–		468		–
	–		–		–		–		–		221,962		–
	–		–		15		11,759		264		2,280		230
	–		–		–		–		–		4		4
	–		2,274		110		3,684		951		386		961
	27		122		278		1,529		337		234		217
	–		–		–		–		–		4		–
	–		–		–		2		1		–		–
	–		–		–		–		210		–		–
	7		21		29		91		79		720		25
	380		3,252		63,162		53,314		97,962		345,964		3,139
$	251,735	$	796,335	$	481,950	$	2,880,438	$	977,832	$	854,308	$	732,710
$	250,936	$	537,679	$	299,564	$	2,096,572	$	908,631	$	1,025,071	$	668,205
	892		–		153,543		–		–		–		–
	–		–		2,215		11,246		1,909		27		1,379
	–		–		582		–		5		(1,331)		–
	–		–		504		–		(2,059)		55		(10)
	–		2,357		19		–		–		–		94
	–		–		(44,697)		–		–		(98,286)		–

SEI Institutional Managed Trust / Annual Report / September 30, 2019 301

STATEMENTS OF ASSETS AND LIABILITIES/CONSOLIDATED STATEMENTS OF ASSETS AND LIABILITIES ($ Thousands)

September 30, 2019

	Tax-Free Conservative Income   Fund
Net Assets:
Paid-in capital — (unlimited authorization — no par value)		$                      179,104
Total distributable earnings/(loss)		(9)
Net Assets		$                      179,095
Net Asset Value, Offering and Redemption Price Per Share — Class F		$                          10.00
		($162,368,251 ÷
		16,238,043 shares	)
Net Asset Value, Offering and Redemption Price Per Share — Class Y		$                          10.00
		($16,726,734 ÷
		1,672,688 shares	)

N/A - Not applicable. Share class currently not offered.

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

302 SEI Institutional Managed Trust / Annual Report / September 30, 2019

Real Return Fund	Dynamic Asset Allocation Fund			Multi-Strategy Alternative Fund			Multi-Asset Accumulation Fund			Multi-Asset Income Fund			Multi-Asset Inflation Managed Fund			Multi-Asset Capital   Stability Fund
$                     257,614	$	577,131		$	497,042		$	2,739,205		$	938,708		$	997,478		$	709,881
(5,879)		219,204			(15,092)			141,233			39,124			(143,170)			22,829
$                     251,735	$	796,335		$	481,950		$	2,880,438		$	977,832		$	854,308		$	732,710
$                           9.96	$	13.23		$	9.61		$	10.63		$	11.07		$	8.28		$	10.39
($227,412,560 ÷		($725,857,090 ÷			($472,128,592 ÷			($2,659,784,892 ÷			($816,056,285 ÷			($798,451,010 ÷			($684,753,215 ÷
22,822,277 shares)		54,859,062 shares	)		49,138,503 shares	)		250,284,203 shares	)		73,722,730 shares	)		96,413,424 shares	)		65,930,407 shares	)
$                         10.00	$	13.26		$	9.61		$	10.70		$	11.07		$	8.29		$	10.41
($24,322,130 ÷		($70,477,460 ÷			($9,821,244 ÷			($220,653,588 ÷			($161,775,625 ÷			($55,856,511 ÷			($47,957,141 ÷
2,431,958 shares)		5,315,298 shares	)		1,021,561 shares	)		20,626,278 shares	)		14,615,456 shares	)		6,734,909 shares	)		4,608,376 shares	)

SEI Institutional Managed Trust / Annual Report / September 30, 2019 303

STATEMENTS OF OPERATIONS ($ Thousands)

For the year ended September 30, 2019

	Large Cap Fund			Large Cap Value Fund			Large Cap Growth Fund
Investment Income:
Dividends	$	52,140		$	40,367		$	17,508
Income from affiliated investments(1)		849			646			596
Interest income		11			6			4
Security lending income - net(1) (2)		139			102			196
Less: foreign taxes withheld		(256	)		(320	)		(15	)
Total Investment Income		52,883			40,801			18,289
Expenses:
Investment advisory fees		9,109			4,670			5,846
Administration fees		6,479			4,003			4,381
Shareholder servicing fees Class F		5,511			2,969			3,282
Shareholder servicing fees Class I		–			9			8
Trustees’ fees		44			25			27
Chief compliance officer fees		12			7			7
Administration servicing fees Class I		–			9			8
Printing fees		326			186			202
Custodian/Wire agent fees		126			74			80
Professional fees		121			68			77
Registration fees		91			51			54
Pricing fees		54			32			33
Other expenses		41			23			26
Total Expenses		21,914			12,126			14,031
Less:
Waiver of investment advisory fees		(663	)		(331	)		(1,087	)
Waiver of shareholder servicing fees Class F		(44	)		(24	)		(26	)
Waiver of shareholder servicing fees Class I		–			(1	)		(1	)
Waiver of administration fees		(704	)		(219	)		(238	)
Net Expenses		20,503			11,551			12,679
Net Investment Income (Loss)		32,380			29,250			5,610
Net Realized Gain (Loss) on:
Investments		144,869			23,258			84,834
Affiliated investments		24			3			14
Futures contracts		3,559			1,225			647
Net Change in Unrealized Appreciation (Depreciation) on:
Investments		(163,188	)		(69,290	)		(59,518	)
Affiliated investments		4			–			2
Futures contracts		(39	)		(35	)		(102	)
Foreign currency translation of other assets and liabilities denominated in foreign currencies		–			–			–
Net Increase (Decrease) in Net Assets Resulting from Operations	$	17,609		$	(15,589	)	$	31,487

(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.

304 SEI Institutional Managed Trust / Annual Report / September 30, 2019

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
$	6,337		$	80,832		$	17,494		$	7,244		$	7,493		$	2,255		$	13,604
	169			820			213			260			229			178			435
	2			10			15			1			–			–			–
	10			158			19			268			152			209			361
	(1	)		(608	)		–			(17	)		(1	)		(6	)		(14	)
	6,517			81,212			17,741			7,756			7,873			2,636			14,386
	158			15,533			248			4,022			2,097			2,204			5,658
	948			8,710			1,817			1,857			968			1,017			2,612
	790			8,687			2,051			1,462			698			761			1,947
	–			–			14			–			5			4			–
	6			73			15			12			6			6			16
	2			14			4			3			2			2			4
	–			–			14			–			5			4			–
	41			538			114			87			45			47			121
	19			210			41			34			17			19			47
	19			204			43			32			16			17			45
	2			141			31			24			13			13			29
	14			87			18			18			10			12			24
	49			67			106			11			6			7			16
	2,048			34,264			4,516			7,562			3,888			4,113			10,519
	(95	)		–			(83	)		(472	)		(255	)		(372	)		(676	)
	(474	)		(70	)		(1,641	)		(12	)		(6	)		(6	)		(234	)
	–			–			(3	)		–			(1	)		–			–
	(683	)		(580	)		(686	)		(97	)		(43	)		(44	)		(132	)
	796			33,614			2,103			6,981			3,583			3,691			9,477
	5,721			47,598			15,638			775			4,290			(1,055	)		4,909
	(1,158	)		293,019			24,810			(22,788	)		(7,948	)		9,791			23,444
	–			10			1			12			23			5			54
	550			2,588			(105	)		(34	)		(128	)		(557	)		(219	)
	14,113			(295,791	)		(14,429	)		(56,480	)		(33,145	)		(67,318	)		(114,000	)
	2			3			–			4			6			2			14
	(177	)		–			(181	)		–			(96	)		(47	)		–
	–			(3	)		–			–			–			–			–
$	19,051		$	47,424		$	25,734		$	(78,511	)	$	(36,998	)	$	(59,179	)	$	(85,798	)

SEI Institutional Managed Trust / Annual Report / September 30, 2019 305

STATEMENTS OF OPERATIONS ($ Thousands)

For the year ended September 30, 2019

	Mid-Cap Fund			U.S. Managed Volatility Fund			Global Managed Volatility Fund
Investment Income:
Dividends	$	1,983		$	47,475		$	36,771
Income from affiliated investments(1)		80			780			302
Interest income		–			4			409
Security lending income - net(1) (2)		4			–			–
Less: foreign taxes withheld		–			(324	)		(2,279	)
Total Investment Income		2,067			47,935			35,203
Expenses:
Investment advisory fees		442			11,041			8,417
Administration fees		332			5,003			3,885
Shareholder servicing fees Class F		268			2,219			2,710
Shareholder servicing fees Class I		2			3			3
Trustees’ fees		2			32			24
Administration servicing fees Class I		2			3			3
Chief compliance officer fees		1			8			6
Printing fees		16			229			181
Professional fees		6			91			67
Custodian/Wire agent fees		6			94			114
Registration fees		4			58			50
Pricing fees		4			39			45
Other expenses		3			28			26
Total Expenses		1,088			18,848			15,531
Less:
Waiver of investment advisory fees		–			(4,440	)		(1,410	)
Waiver of shareholder servicing fees Class F		(2	)		(18	)		(22	)
Waiver of shareholder servicing fees Class I		–			–			–
Waiver of administration fees		(3	)		(697	)		(222	)
Fees paid indirectly		–			–			–
Net Expenses		1,083			13,693			13,877
Net Investment Income		984			34,242			21,326
Net Realized Gain (Loss) on:
Investments		1,599			51,513			43,955
Affiliated investments		–			–			–
Futures contracts		(177	)		1,485			213
Foreign currency translation		–			14			(223	)
Forward foreign currency contracts		–			–			15,929
Purchased and written options		–			–			–
Swap contracts		–			–			–
Net Change in Unrealized Appreciation (Depreciation) on:
Investments		(8,139	)		55,555			(25,934	)
Affiliated investments		–			–			–
Futures contracts		14			(285	)		(56	)
Purchased and written options		–			–			–
Purchased and written swaptions		–			–			–
Swap contracts		–			–			–
Foreign currency translation of other assets and liabilities denominated in foreign currencies		–			12			(134	)
Forward foreign currency contracts		–			–			(819	)
Net Increase (Decrease) in Net Assets Resulting from Operations	$	(5,719	)	$	142,536		$	54,257

(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.

306 SEI Institutional Managed Trust / Annual Report / September 30, 2019

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
$	27,669		$	14,327		$	3,396		$	40		$	1,083		$	–		$	–
	505			227			52			1,976			1,532			2			–
	5			38			–			136,053			101,936			6,768			2,960
	–			–			1			220			–			–			–
	(188	)		(1,283	)		–			–			–			–			–
	27,991			13,309			3,449			138,289			104,551			6,770			2,960
	6,868			2,353			860			11,048			7,760			262			178
	3,170			1,629			397			6,444			3,162			523			357
	2,437			817			241			9,000			3,511			591			400
	–			–			1			13			34			–			–
	20			7			2			76			30			5			3
	–			–			1			13			34			–			–
	5			2			1			20			8			1			1
	147			50			18			558			221			37			25
	55			18			7			209			82			13			9
	58			64			7			250			88			15			10
	39			13			5			157			58			8			7
	25			27			3			520			179			13			14
	18			7			2			73			29			4			3
	12,842			4,987			1,545			28,381			15,196			1,472			1,007
	(2,268	)		(994	)		(111	)		(2,733	)		(1,225	)		(107	)		(73	)
	(19	)		(7	)		(2	)		(72	)		(28	)		(355	)		(240	)
	–			–			–			(2	)		(4	)		–			–
	(173	)		(49	)		–			–			(142	)		(247	)		(174	)
	–			–			(10	)		–			–			–			–
	10,382			3,937			1,422			25,574			13,797			763			520
	17,609			9,372			2,027			112,715			90,754			6,007			2,440
	22,012			(14,794	)		6,143			88,054			(25,870	)		3			(15	)
	–			–			–			61			–			–			–
	(513	)		637			–			18,730			–			–			–
	12			(168	)		–			89			(19	)		–			–
	–			–			–			1,712			–			–			–
	–			–			–			5,455			–			–			–
	–			–			–			(362	)		(685	)		–			–
	32,975			(5,481	)		13,728			182,391			596			52			9
	–			–			–			21			–			–			–
	(77	)		(50	)		–			2,905			–			–			–
	–			–			–			406			–			–			–
	–			–			–			(18	)		–			–			–
	–			–			–			(11,054	)		72			–			–
	(1	)		(53	)		–			(133	)		4			–			–
	(7	)		–			–			330			–			–			–
$	72,010		$	(10,537	)	$	21,898		$	401,302		$	64,852		$	6,062		$	2,434

SEI Institutional Managed Trust / Annual Report / September 30, 2019 307

STATEMENTS OF OPERATIONS/CONSOLIDATED STATEMENTS OF OPERATIONS ($ Thousands)

For the year ended September 30, 2019

	Real Return Fund			Dynamic Asset Allocation Fund
Investment Income:
Dividends	$	–			$            16,698
Income from affiliated investments(1)		25			–
Interest income		5,088			–
Less: foreign taxes withheld		–			(179	)
Total Investment Income		5,113			16,519
Expenses:
Shareholder servicing fees Class F		575			1,813
Investment advisory fees		548			4,778
Administration fees		498			2,389
Trustees’ fees		5			15
Chief compliance officer fees		1			4
Printing fees		35			111
Custodian/Wire agent fees		14			18
Professional fees		13			45
Registration fees		9			28
Pricing fees		6			20
Dividend expense on securities sold short		–			–
Interest expense		–			16
Other expenses		4			17
Total Expenses		1,708			9,254
Less:
Waiver of investment advisory fees		(226	)		(3,301	)
Waiver of shareholder servicing fees Class F		(345	)		–
Waiver of administration fees		(30	)		(127	)
Net Expenses		1,107			5,826
Net Investment Income		4,006			10,693
Net Realized Gain (Loss) on:
Investments		(963	)		13,696
Securities sold short		–			–
Affiliated investments		–			–
Futures contracts		–			(12,359	)
Foreign currency translation		–			133
Forward foreign currency contracts		–			4,642
Purchased and written options		–			(469	)
Purchased and written swaptions		–			–
Swap contracts		–			(7,242	)
Capital gains on Investments		–			–
Capital gains on Affiliated Investments		–			–
Net Change in Unrealized Appreciation (Depreciation) on:
Investments		4,672			(4,109	)
Securities sold short		–			–
Affiliated investments		–			–
Futures contracts		–			(104	)
Purchased and written options		–			–
Purchased and written swaptions		–			2
Swap contracts		–			1,251
Foreign currency translation of other assets and liabilities denominated in foreign currencies		–			–
Forward foreign currency contracts		–			7,672
Net Increase (Decrease) in Net Assets Resulting from Operations	$	7,715			$            13,806

(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.

308 SEI Institutional Managed Trust / Annual Report / September 30, 2019

Multi-Strategy Alternative  Fund			Multi-Asset Accumulation Fund			Multi-Asset Income Fund			Multi-Asset Inflation Managed Fund			Multi-Asset Capital Stability Fund
$	4,397		$	7,151		$	2,269		$	4,623		$	752
	3,014			–			–			–			–
	5,539			47,342			45,137			23,022			14,158
	(49	)		(360	)		(208	)		–			–
	12,901			54,133			47,198			27,645			14,910
	1,189			6,428			1,978			2,023			1,680
	7,259			20,938			5,721			4,790			2,877
	1,452			7,306			2,861			2,612			2,157
	9			52			18			16			13
	2			14			5			4			4
	68			387			133			122			100
	26			97			24			27			26
	24			150			49			48			37
	18			100			35			33			26
	60			114			175			73			27
	1,383			–			–			415			–
	–			–			–			4,949			–
	11			55			24			18			15
	11,501			35,641			11,023			15,130			6,962
	(3,853	)		(3,092	)		(1,728	)		(1,906	)		(294	)
	(10	)		–			(1,187	)		–			(1,008	)
	(711	)		(385	)		(623	)		(160	)		(1,234	)
	6,927			32,164			7,485			13,064			4,426
	5,974			21,969			39,713			14,581			10,484
	(8,425	)		8,053			1,002			(2,507	)		5,233
	(3,750	)		–			21			(11,658	)		19
	(207	)		–			–			–			–
	(71	)		234,289			15,558			(22,179	)		7,033
	(733	)		(3,420	)		(589	)		255			1,013
	(588	)		42,500			2,825			(283	)		(1,331	)
	(1,003	)		–			(5,864	)		(402	)		(53	)
	–			–			–			–			(1,219	)
	116			16,727			2,440			(3,711	)		2,896
	1,408			–			–			–			–
	860			–			–			–			–
	5,392			11,540			20,331			15,253			5,498
	251			–			–			7,452			–
	(886	)		–			–			–			–
	12			(21,539	)		365			2,583			(1,333	)
	67			–			1,570			(37	)		226
	(17	)		–			–			–			(91	)
	(235	)		1,924			(2,997	)		(4,630	)		912
	(49	)		52			(48	)		(10	)		(7	)
	292			2,493			474			(397	)		(1,739	)
$	(1,592	)	$	314,588		$	74,801		$	(5,690	)	$	27,541

SEI Institutional Managed Trust / Annual Report / September 30, 2019 309

STATEMENTS OF CHANGES IN NET ASSETS ($ Thousands)

For the years ended September 30,

	Large Cap Fund						Large Cap Value Fund						Large Cap Growth Fund
	2019			2018			2019			2018			2019			2018
Operations:
Net investment income (loss)		$         32,380			$        23,108			$        29,250			$        21,729			$        5,610			$        2,819
Net realized gain (loss) from investments, securities sold short, futures contracts, forward foreign currency contracts, options, swaptions and swap contracts		148,452			278,175			24,486			119,971			85,495			182,320
Net change in unrealized appreciation (depreciation) on investments, securities sold short, futures contracts, forward foreign currency contracts, options, swaptions and swap contracts		(163,223	)		109,625			(69,325	)		14,060			(59,618	)		153,660
Net change in unrealized depreciation on foreign currency transactions		—			—			—			—			—			—
Contribution from Adviser		—			—			—			—			—			—
Net Increase (Decrease) in Net Assets Resulting from Operations		17,609			410,908			(15,589	)		155,760			31,487			338,799
Distributions:(4)
Class E:		N/A			N/A			N/A			N/A			N/A			N/A
Class F:		(295,855	)		(176,200	)		(125,494	)		(63,896	)		(159,034	)		(112,009	)
Class I:		N/A			N/A			(416	)		(219	)		(409	)		(287	)
Class Y:		(16,757	)		(10,974	)		(14,445	)		(6,783	)		(16,121	)		(10,493	)
Total Distributions		(312,612	)		(187,174	)		(140,355	)		(70,898	)		(175,564	)		(122,789	)
Capital Share Transactions:(5)
Class E:
Proceeds from shares issued		N/A			N/A			N/A			N/A			N/A			N/A
Reinvestment of dividends & distributions		N/A			N/A			N/A			N/A			N/A			N/A
Cost of shares redeemed		N/A			N/A			N/A			N/A			N/A			N/A
Net decrease from Class E transactions		N/A			N/A			N/A			N/A			N/A			N/A
Class F:
Proceeds from shares issued		309,655			449,118			179,691			129,136			201,096			152,640
Reinvestment of dividends & distributions		275,753			164,122			117,869			60,494			149,836			106,403
Cost of shares redeemed		(585,006	)		(747,347	)		(251,243	)		(241,686	)		(320,107	)		(403,231	)
Net increase (decrease) from Class F transactions		402			(134,107	)		46,317			(52,056	)		30,825			(144,188	)
Class I:
Proceeds from shares issued		N/A			N/A			474			385			251			564
Reinvestment of dividends & distributions		N/A			N/A			352			180			328			219
Cost of shares redeemed		N/A			N/A			(1,713	)		(1,066	)		(1,440	)		(1,032	)
Net decrease from Class I transactions		N/A			N/A			(887	)		(501	)		(861	)		(249	)
Class Y:
Proceeds from shares issued		34,843			12,129			32,803			22,865			32,757			14,638
Reinvestment of dividends & distributions		16,435			10,806			13,345			6,173			14,845			9,449
Cost of shares redeemed		(42,514	)		(54,616	)		(22,818	)		(15,743	)		(18,760	)		(27,250	)
Net increase (decrease) from Class Y transactions		8,764			(31,681	)		23,330			13,295			28,842			(3,163	)
Increase (Decrease) in Net Assets Derived from Capital Share Transactions		9,166			(165,788	)		68,760			(39,262	)		58,806			(147,600	)
Net Increase (Decrease) in Net Assets		(285,837	)		57,946			(87,184	)		45,600			(85,271	)		68,410
Net Assets
Beginning of year		2,576,456			2,518,510			1,431,698			1,386,098			1,559,336			1,490,926
End of year(6)	$	2,290,619		$	2,576,456		$	1,344,514		$	1,431,698		$	1,474,065		$	1,559,336

(1) Commenced operations on January 31, 2018.

(2) On April 20, 2018, the Class Y Shares and Class E Shares were converted to Class F Shares. The performance and financial history shown of the class is solely that of the Class F Shares.

(3) See Note 6 in Notes to Financial Statements.

(4) Current year presentation of distributions conforms with S-X Disclosure Simplification. Prior year distributions have been consolidated to conform with S-X Disclosure Simplification (See Note 15).

(5) See Note 7 in Notes to Financial Statements for additional information.

(6) Includes undistributed (distributed in excess) net investment income of $6,434, $10,637, $2,666, $858, $10,664, $3,360 and $(17), as of year ended September 30, 2018. The SEC eliminated the requirement to disclose undistributed net investment income in 2018.

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.

  310   SEI Institutional Managed Trust / Annual Report / September 30, 2019

Large Cap Index Fund						Tax-Managed Large Cap Fund						S&P 500 Index Fund(2)						Small Cap Fund
2019			01/31/18 - 09/30/18(1)(3)			2019			2018			2019			2018			2019			2018
	$            5,721		$	2,076		$	47,598		$	34,278		$	15,638		$	15,273		$	775			$             (1,094	)
	(608)			3			295,617			30,493			24,706			19,921			(22,810	)		81,651
	13,938			11,821			(295,788	)		556,043			(14,610	)		100,560			(56,476	)		18,310
	—			—			(3	)		(4	)		—			—			—			—
	—			330			—			—			—			—			—			—
	19,051			14,230			47,424			620,810			25,734			135,754			(78,511	)		98,867
	N/A			N/A			N/A			N/A			N/A			(7,136	)		N/A			N/A
	(5,451)			(1,229	)		(64,986	)		(69,782	)		(31,490	)		(13,833	)		(74,808	)		(41,012	)
	N/A			N/A			N/A			N/A			(192	)		(145	)		N/A			N/A
	N/A			N/A			(8,049	)		(7,383	)		N/A			(1,020	)		(4,030	)		(2,581	)
	(5,451	)		(1,229	)		(73,035	)		(77,165	)		(31,682	)		(22,134	)		(78,838	)		(43,593	)
	N/A			N/A			N/A			N/A			N/A			22,021			N/A			N/A
	N/A			N/A			N/A			N/A			N/A			6,600			N/A			N/A
	N/A			N/A			N/A			N/A			N/A			(367,721	)		N/A			N/A
	N/A			N/A			N/A			N/A			N/A			(339,100	)		N/A			N/A
	268,892			244,620			342,200			453,442			135,414			542,277			98,992			131,930
	5,298			1,199			58,238			62,980			28,773			12,678			70,168			38,243
	(66,004)			(24,949	)		(599,967	)		(624,582	)		(236,134	)		(162,467	)		(155,413	)		(120,361	)
	208,186			220,870			(199,529	)		(108,160	)		(71,947	)		392,488			13,747			49,812
	N/A			N/A			N/A			N/A			1,344			950			N/A			N/A
	N/A			N/A			N/A			N/A			141			104			N/A			N/A
	N/A			N/A			N/A			N/A			(2,513	)		(1,848	)		N/A			N/A
	N/A			N/A			N/A			N/A			(1,028	)		(794	)		N/A			N/A
	N/A			N/A			117,948			49,579			N/A			7,953			10,596			3,674
	N/A			N/A			7,424			6,905			N/A			960			3,920			2,529
	N/A			N/A			(54,771	)		(49,662	)		N/A			(53,919	)		(10,349	)		(11,956	)
	N/A			N/A			70,601			6,822			N/A			(45,006	)		4,167			(5,753	)
	208,186			220,870			(128,928	)		(101,338	)		(72,975	)		7,588			17,914			44,059
	221,786			233,871			(154,539	)		442,307			(78,923	)		121,208			(139,435	)		99,333
	233,871			—			4,145,679			3,703,372			911,191			789,983			726,823			627,490
	$        455,657		$	233,871		$	3,991,140		$	4,145,679		$	832,268		$	911,191		$	587,388		$	726,823

  SEI Institutional Managed Trust / Annual Report / September 30, 2019   311

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
	2019			2018			2019			2018			2019			2018
Operations:
Net investment income (loss)		$        4,290			$        2,744			$        (1,055	)		$        (1,884)			$        4,909			$        796
Net realized gain (loss) from investments, securities sold short, futures contracts, forward foreign currency contracts, options, swaptions and swap contracts		(8,053	)		31,935			9,239			48,827			23,279			66,732
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		(33,235	)		(9,978	)		(67,363	)		37,473			(113,986	)		65,412
Net change in unrealized appreciation (depreciation) on foreign currency transactions		—			—			—			—			—			—
Net Increase (Decrease) in Net Assets Resulting from Operations		(36,998	)		24,701			(59,179	)		84,416			(85,798	)		132,940
Distributions:(1)
Class F:		(29,995	)		(29,546	)		(41,646	)		(1,080	)		(63,835	)		(15,168	)
Class I:		(212	)		(211	)		(251	)		(7	)		N/A			N/A
Class Y:		(4,029	)		(3,431	)		(3,853	)		(99	)		(6,755	)		(1,561	)
Total Distributions		(34,236	)		(33,188	)		(45,750	)		(1,186	)		(70,590	)		(16,729	)
Capital Share Transactions:(2)
Class F:
Proceeds from shares issued		54,837			72,641			55,306			65,273			102,250			135,831
Reinvestment of dividends & distributions		27,807			27,593			38,613			1,006			56,476			13,460
Cost of shares redeemed		(81,438	)		(105,499	)		(90,200	)		(68,743	)		(151,575	)		(130,259	)
Net increase (decrease) from Class F transactions		1,206			(5,265	)		3,719			(2,464	)		7,151			19,032
Class I:
Proceeds from shares issued		259			232			233			278			N/A			N/A
Reinvestment of dividends & distributions		193			189			222			6			N/A			N/A
Cost of shares redeemed		(671	)		(470	)		(638	)		(668	)		N/A			N/A
Net increase (decrease) from Class I transactions		(219	)		(49	)		(183	)		(384	)		N/A			N/A
Class Y:
Proceeds from shares issued		11,726			4,571			7,975			2,725			28,800			12,545
Reinvestment of dividends & distributions		3,600			3,042			3,500			90			6,186			1,445
Cost of shares redeemed		(4,597	)		(2,681	)		(3,780	)		(4,221	)		(12,313	)		(10,492	)
Net increase (decrease) from Class Y transactions		10,729			4,932			7,695			(1,406	)		22,673			3,498
Increase (Decrease) in Net Assets Derived from Capital Share Transactions		11,716			(382	)		11,231			(4,254	)		29,824			22,530
Net Increase (Decrease) in Net Assets		(59,518	)		(8,869	)		(93,698	)		78,976			(126,564	)		138,741
Net Assets
Beginning of year		380,136			389,005			422,260			343,284			996,373			857,632
End of year(3)		$        320,618			$        380,136			$        328,562			$        422,260			$        869,809			$        996,373

(1) Current year presentation of distributions conforms with S-X Disclosure Simplification. Prior year distributions have been consolidated to conform with S-X Disclosure Simplification (See Note 15).

(2) See Note 7 in Notes to Financial Statements for additional information.

(3) Includes undistributed (distributed in excess) net investment income of $1,134, $(253), $11, $218, $5,747, $13,478, $3,420 and $6,114, as of year ended September 30, 2018. The SEC eliminated the requirement to disclose undistributed net investment income in 2018.

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.

  312   SEI Institutional Managed Trust / Annual Report / September 30, 2019

Mid-Cap Fund						U.S. Managed Volatility Fund						Global Managed Volatility Fund						Tax-Managed Managed Volatility Fund						Tax-Managed International Managed Volatility Fund
2019			2018			2019			2018			2019			2018			2019			2018			2019			2018
$	984		$	837		$	34,242		$	25,581		$	21,326		$	21,910		$	17,609		$	14,509		$	9,372		$	8,377
	1,422			13,085			52,998			159,804			60,097			86,236			21,499			32,271			(14,157	)		(3,504	)
	—			—			14			(16	)		(223	)		14,114			12			—			(168	)		(172	)
	(8,125	)		1,363			55,270			(5,759	)		(26,809	)		(8,380	)		32,891			79,784			(5,531	)		(1,624	)
	—			—			12			(22	)		(134	)		516			(1	)		5			(53	)		(23	)
	(5,719	)		15,285			142,536			179,588			54,257			114,396			72,010			126,569			(10,537	)		3,054
	(12,623	)		(9,154	)		(105,056	)		(87,983	)		(101,358	)		(86,097	)		(44,612	)		(40,751	)		(8,199	)		(8,730	)
	(87	)		(65	)		(135	)		(121	)		(108	)		(107	)		N/A			N/A			N/A			N/A
	(311	)		(195	)		(81,972	)		(71,712	)		(20,528	)		(16,212	)		(3,717	)		(2,734	)		(723	)		(411	)
	(13,021	)		(9,414	)		(187,163	)		(159,816	)		(121,994	)		(102,416	)		(48,329	)		(43,485	)		(8,922	)		(9,141	)
	24,664			31,606			183,689			158,429			211,241			243,616			158,385			173,645			88,055			115,712
	10,607			7,540			92,447			77,226			89,285			74,964			38,922			35,535			7,132			7,506
	(46,408	)		(25,654	)		(258,088	)		(316,096	)		(368,666	)		(386,385	)		(244,162	)		(250,349	)		(99,655	)		(98,753	)
	(11,137	)		13,492			18,048			(80,441	)		(68,140	)		(67,805	)		(46,855	)		(41,169	)		(4,468	)		24,465
	68			156			99			100			52			247			N/A			N/A			N/A			N/A
	87			65			136			121			107			107			N/A			N/A			N/A			N/A
	(145	)		(293	)		(37	)		(486	)		(262	)		(702	)		N/A			N/A			N/A			N/A
	10			(72	)		198			(265	)		(103	)		(348	)		N/A			N/A			N/A			N/A
	820			871			345,664			554,095			58,645			78,885			26,597			21,788			25,853			13,354
	303			192			79,025			70,883			19,814			15,054			3,186			2,306			656			359
	(1,079	)		(485	)		(177,991	)		(527,771	)		(79,807	)		(76,223	)		(23,512	)		(12,402	)		(8,693	)		(1,204	)
	44			578			246,698			97,207			(1,348	)		17,716			6,271			11,692			17,816			12,509
	(11,083	)		13,998			264,944			16,501			(69,591	)		(50,437	)		(40,584	)		(29,477	)		13,348			36,974
	(29,823	)		19,869			220,317			36,273			(137,328	)		(38,457	)		(16,903	)		53,607			(6,111	)		30,887
	135,423			115,554			1,617,815			1,581,542			1,419,269			1,457,726			1,109,422			1,055,815			380,889			350,002
$	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

SEI Institutional Managed Trust / Annual Report / September 30, 2019 313

STATEMENTS OF CHANGES IN NET ASSETS ($ Thousands)

For the years ended September 30,

	Real Estate Fund						Core Fixed Income Fund						High Yield Bond Fund
	2019			2018			2019			2018			2019			2018
Operations:
Net investment income	$	2,027		$	1,955		$	112,715		$	60,725		$	90,754		$	88,581
Net realized gain (loss) from investments, securities sold short, futures contracts, forward foreign currency contracts, options, swaptions and swap contracts		6,143			20,291			113,650			(34,309	)		(26,555	)		4,702
Net realized gain (loss) on foreign currency transactions		—			—			89			(583	)		(19	)		2
Net change in unrealized appreciation (depreciation) on investments, securities sold short, futures contracts, forward foreign currency contracts, options, swaptions and swap contracts		13,728			(14,490	)		174,981			(66,691	)		668			(29,455	)
Net change in unrealized appreciation (depreciation) on foreign currency transactions		—			—			(133	)		(976	)		4			(1	)
Net Increase (Decrease) in Net Assets Resulting from Operations		21,898			7,756			401,302			(41,834	)		64,852			63,829
Distributions:(1)
Class F:		(7,988	)		(12,172	)		(105,441	)		(54,886	)		(101,351	)		(96,089	)
Class I:		(38	)		(51	)		(140	)		(137	)		(947	)		(44	)
Class Y:		(3,036	)		(4,245	)		(13,099	)		(7,524	)		(12,864	)		(12,215	)
Total Distributions		(11,062	)		(16,468	)		(118,680	)		(62,547	)		(115,162	)		(108,348	)
Capital Share Transactions:(2)
Class F:
Proceeds from shares issued		18,959			25,277			645,579			469,326			382,850			375,071
Reinvestment of dividends & distributions		7,205			11,029			96,013			50,429			91,087			86,971
Cost of shares redeemed		(24,304	)		(73,135	)		(839,862)			(388,007)			(469,186	)		(407,553	)
Merger(3)		—			—			—			1,706,576			—			—
Net increase (decrease) from Class F transactions		1,860			(36,829	)		(98,270	)		1,838,324			4,751			54,489
Class I:
Proceeds from shares issued		15			22			2,911			4,709			39,520			69
Reinvestment of dividends & distributions		38			51			90			79			34			42
Cost of shares redeemed		(119	)		(119	)		(4,494	)		(4,249	)		(27,621	)		(688	)
Net increase (decrease) from Class I transactions		(66	)		(46	)		(1,493	)		539			11,933			(577	)
Class Y:
Proceeds from shares issued		3,410			4,800			93,300			73,389			38,845			26,549
Reinvestment of dividends & distributions		2,928			4,089			12,493			7,067			12,435			11,818
Cost of shares redeemed		(8,443	)		(7,233	)		(88,723	)		(48,320	)		(38,405	)		(42,849	)
Merger(3)		—			—			—			146,687			—			—
Net increase (decrease) from Class Y transactions		(2,105	)		1,656			17,070			178,823			12,875			(4,482	)
Increase (Decrease) in Net Assets Derived from Capital Share Transactions		(311	)		(35,219	)		(82,693	)		2,017,686			29,559			49,430
Net Increase (Decrease) in Net Assets		10,525			(43,931	)		199,929			1,913,305			(20,751	)		4,911
Net Assets
Beginning of year		131,367			175,298			3,999,971			2,086,666			1,662,625			1,657,714
End of year(4)	$	141,892		$	131,367		$	4,199,900		$	3,999,971		$	1,641,874		$	1,662,625

(1) Current year presentation of distributions conforms with S-X Disclosure Simplification. Prior year distributions have been consolidated to conform with S-X Disclosure Simplification (See Note 15).

(2) See Note 7 in Notes to Financial Statements for additional information.

(3) See Note 13 in Notes to Financial Statements for additional information.

(4) Includes undistributed (distributed in excess) net investment income of $(696), $(3,824), $16,200, $1, $1,$2,869 and $8,131 as of year ended September 30, 2018. The SEC eliminated the requirement to disclose undistributed net investment income in 2018.

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.

314 SEI Institutional Managed Trust / Annual Report / September 30, 2019

Conservative Income Fund						Tax-Free Conservative Income Fund						Real Return Fund						Dynamic Asset Allocation Fund
2019			2018			2019			2018			2019			2018			2019			2018
$	6,007		$	3,623		$	2,440		$	1,666		$	4,006		$	6,644		$	10,693		$	11,087
	3			1			(15	)		6			(963	)		(1,192	)		(1,732	)		(29,497	)
	—			—			—			—			—			—			133			(3,136	)
	52			(24	)		9			1			4,672			(4,716	)		4,712			109,935
	—			—			—			—			—			—			—			(1,774	)
	6,062			3,600			2,434			1,673			7,715			736			13,806			86,615
	(5,429	)		(3,261	)		(2,180	)		(1,598	)		(5,929	)		(3,522	)		(13,354	)		(11,364	)
	N/A			N/A			N/A			N/A			N/A			N/A			N/A			N/A
	(600	)		(364	)		(265	)		(62	)		(498	)		(247	)		(1,480	)		(1,475	)
	(6,029	)		(3,625	)		(2,445	)		(1,660	)		(6,427	)		(3,769	)		(14,834	)		(12,839	)
	206,921			111,401			60,601			63,554			49,003			50,004			111,407			180,178
	3,877			2,270			1,729			1,235			4,848			2,882			12,489			10,569
	(191,485	)		(94,266	)		(62,291	)		(65,682	)		(66,483	)		(63,482	)		(196,738	)		(154,254	)
	—			—			—			—			—			—			—			—
	19,313			19,405			39			(893	)		(12,632	)		(10,596	)		(72,842	)		36,493
	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
	12,925			26,030			24,766			11,647			12,434			2,483			14,041			24,348
	572			353			263			59			483			242			1,468			1,465
	(17,872	)		(18,867	)		(19,426	)		(4,363	)		(5,418	)		(4,054	)		(23,620	)		(27,388	)
	—			—			—			—			—			—			—			—
	(4,375	)		7,516			5,603			7,343			7,499			(1,329	)		(8,111	)		(1,575	)
	14,938			26,921			5,642			6,450			(5,133	)		(11,925	)		(80,953	)		34,918
	14,971			26,896			5,631			6,463			(3,845	)		(14,958	)		(81,981	)		108,694
	237,320			210,424			173,464			167,001			255,580			270,538			878,316			769,622
$	252,291		$	237,320		$	179,095		$	173,464		$	251,735		$	255,580		$	796,335		$	878,316

SEI Institutional Managed Trust / Annual Report / September 30, 2019 315

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
	2019			2018			2019			2018			2019			2018
Operations:
Net investment income	$	5,974		$	3,719		$	21,969		$	18,021		$	39,713		$	37,225
Net realized gain (loss) from investments, securities sold short, futures contracts, forward foreign currency contracts, options, swaptions and swap contracts		(13,928	)		13,086			301,569			91,889			15,982			(21,869	)
Net realized gain (loss) on foreign currency transactions		(733	)		561			(3,420	)		(6,991	)		(589	)		405
Capital gain distribution from investment		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		4,876			(6,176	)		(5,582	)		(33,623	)		19,743			(603	)
Net change in unrealized appreciation (depreciation) on foreign currency transactions		(49	)		(447	)		52			9,479			(48	)		207
Net Increase (Decrease) in Net Assets Resulting from Operations		(1,592	)		10,743			314,588			78,775			74,801			15,365
Distributions:(1)
Class F:		(22,445	)		(11,092	)		(77,746	)		(123,715	)		(29,533	)		(30,960	)
Class Y:		(259	)		(121	)		(6,828	)		(11,492	)		(6,182	)		(6,868	)
Return of Capital:
Class F		—			—			—			—			—			(1,710	)
Class Y		—			—			—			—			—			(385	)
Total Distributions		(22,704	)		(11,213	)		(84,574	)		(135,207	)		(35,715	)		(39,923	)
Capital Share Transactions:(2)
Class F:
Proceeds from shares issued		79,490			96,356			361,262			568,202			148,293			215,339
Reinvestment of dividends & distributions		20,412			10,009			71,475			112,874			25,251			27,889
Cost of shares redeemed		(113,170	)		(104,381	)		(639,447	)		(442,055	)		(205,060	)		(221,840	)
Net increase (decrease) from Class F transactions		(13,268	)		1,984			(206,710	)		239,021			(31,516	)		21,388
Class Y:
Proceeds from shares issued		6,056			1,914			37,011			20,748			26,223			39,982
Reinvestment of dividends & distributions		248			116			6,790			11,436			6,071			7,110
Cost of shares redeemed		(2,300	)		(921	)		(70,103	)		(37,753	)		(52,483	)		(34,218	)
Net increase (decrease) from Class Y transactions		4,004			1,109			(26,302	)		(5,569	)		(20,189	)		12,874
Increase (Decrease) in Net Assets Derived from Capital Share Transactions		(9,264	)		3,093			(233,012	)		233,452			(51,705	)		34,262
Net Increase (Decrease) in Net Assets		(33,560	)		2,623			(2,998	)		177,020			(12,619	)		9,704
Net Assets
Beginning of year		515,510			512,887			2,883,436			2,706,416			990,451			980,747
End of year(3)	$	481,950		$	515,510		$	2,880,438		$	2,883,436		$	977,832		$	990,451

(1) Current year presentation of distributions conforms with S-X Disclosure Simplification. Prior year distributions have been consolidated to conform with S-X Disclosure Simplification (See Note 15).

(2) See Note 7 in Notes to Financial Statements for additional information.

(3) Includes undistributed (distributed in excess) net investment income of $3,841, $(31,478), $(2,511), $2,525, $507 and $122, as of year ended September 30, 2018. The SEC eliminated the requirement to disclose undistributed net investment income in 2018.

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

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

316 SEI Institutional Managed Trust / Annual Report / September 30, 2019

		Multi-Asset Inflation Managed Fund				Multi-Asset Capital Stability Fund
	2019		2018		2019		2018
$            14,581		$             17,829		$            10,484		$            6,604
(40,740)		(8,677)		12,578		3,462
255		294		1,013		1,483
—		—		—		—
—		—		—		—
20,224		(37)		3,473		5,096
(10)		299		(7)		(3,654)
(5,690)		9,708		27,541		12,991
(14,874)		(11,555)		(3,555)		(25,696)
(1,199)		(1,099)		(268)		(1,843)
—		—		—		—
—		—		—		—
(16,073)		(12,654)		(3,823)		(27,539)
132,517		195,293		155,874		162,884
13,675		10,530		2,824		20,037
(187,767)		(163,885)		(178,960)		(180,605)
(41,575)		41,938		(20,262)		2,316
12,906		5,855		10,967		4,907
1,168		1,071		267		1,839
(20,431)		(11,612)		(9,643)		(11,444)
(6,357)		(4,686)		1,591		(4,698)
(47,932)		37,252		(18,671)		(2,382)
(69,695)		34,306		5,047		(16,930)
924,003		889,697		727,663		744,593
$              854,308		$            924,003		$           732,710		$          727,663

SEI Institutional Managed Trust / Annual Report / September 30, 2019 317

CONSOLIDATED STATEMENT OF CASH FLOWS ($ Thousands)

For the year ended September 30, 2019

	Multi-Asset Inflation      Managed Fund
Cash Flows from Operating Activities:
Net decrease in net assets from operations	$	(5,690)
Adjustments to reconcile net decrease in net assets resulting from operations to net cash provided by operating activities:
Purchase of investment securities		(590,220)
Proceeds from disposition of investment securities		629,692
Proceeds from securities sold short		40,481
Purchases to cover securities sold short		(52,147)
Purchased options/purchases to cover written options		(308)
Amortization (accretion of market discount)		(9,163)
Net Realized (Gain)/Loss on:
Investments, options contracts and securities sold short		14,567
Net Change in Unrealized (Appreciation)/Depreciation on:
Investments, options contracts and securities sold short		(22,668)
Changes in Assets:
Cash collateral on swaps		(116)
Cash collateral on futures		(332)
Receivable for investment securities sold		(5,273)
Dividends and interest receivable		(168)
Receivable for variation margin		683
Foreign tax reclaim receivable		(34)
OTC swap contracts, at value		127
Unrealized gain on forward foreign currency contracts		256
Unrealized gain of foreign spot currency contracts		8
Due from broker		292
Foreign currency, at value		—
Prepaid expenses		6
Changes in Liabilities:
Payable for investment securities purchased		5,669
OTC swap contracts, at value		520
Payable for variation margin		1,290
Investment advisory fees payable		(9)
Due to broker		468
Interest payable		(738)
Chief Compliance Officer fees payable		(1)
Trustees fees payable		(1)
Shareholder servicing fees payable, Class F		(11)
Administration fees payable		(17)
Unrealized loss on forward foreign currency contracts		141
Unrealized loss on foreign currency spot contracts		3
Accrued expenses payable		682
Net cash provided by operating activities		7,989
Cash Flows used in Financing Activities
Reverse repurchase agreements		33,150
Dividends and distributions		(16,073)
Proceeds from shares issued		145,404
Reinvestment of dividends and distributions		14,843
Cost of shares redeemed		(208,577)
Net cash used in financing activities		(31,253)
Net Change in Cash		(22,554)
Cash and cash equivalents at beginning of year	$	140,831
Cash and cash equivalents at end of year	$	117,567
Supplemental Disclosure of Cash Flow Information
Interest paid	$	5,687
The accompanying notes are an integral part of the financial statements.

318 SEI Institutional Managed Trust / Annual Report / September 30, 2019

FINANCIAL HIGHLIGHTS

For the years or period ended September 30, (unless otherwise indicated)

For a share outstanding throughout each period

	Net Asset Value, Beginning of Period			Net Investment Income (Loss)(1)			Net Realized and Unrealized Gains (Losses) on Investments(1)				Total from     Operations				Dividends from Net     Investment Income			Distributions from Net Realized Capital Gains				Total Dividends and     Distributions			Net Asset Value, End of Period			Total  Return†			Net Assets End of Period       ($ Thousands)			Ratio of Net Expenses to Average Net Assets			Ratio of Expenses to Average Net Assets (Excluding         Fees Paid Indirectly and Including Waivers)			Ratio of Expenses to Average         Net Assets (Excluding Fees Paid Indirectly and Waivers)			Ratio of Net Investment     Income (Loss) to Average Net Assets			Portfolio  Turnover Rate†
Large Cap Fund
Class F
2019		$	15.92		$	0.19		$	(0.22	)		$	(0.03	)		$	(0.18)		$	(1.77	)		$	(1.95)		$	13.94		1.17	%		$	2,158,883		0.89	%		0.89	%		0.95	%		1.37	%		72	%
2018			14.65			0.13			2.22				2.35				(0.12)			(0.96	)			(1.08)			15.92		16.80				2,439,320		0.89			0.89			0.94			0.87			80
2017			12.54			0.12			2.11				2.23				(0.12)			—				(0.12)			14.65		17.88				2,362,180		0.89			0.89			0.95			0.91			100
2016			13.71			0.12			1.16				1.28				(0.12)			(2.33	)			(2.45)			12.54		10.15				2,237,663		0.91	(2)		0.91	(2)		0.99	(2)		1.01			68
2015			15.19			0.11			(0.30	)			(0.19	)			(0.09)			(1.20	)			(1.29)			13.71		(1.73	)			2,483,582		0.89			0.89			0.97			0.74			110
Class Y
2019		$	15.93		$	0.22		$	(0.22	)		$	—			$	(0.21)		$	(1.77	)		$	(1.98)		$	13.95		1.44	%		$	131,736		0.64	%		0.64	%		0.70	%		1.62	%		72	%
2018			14.66			0.17			2.22				2.39				(0.16)			(0.96	)			(1.12)			15.93		17.08				137,136		0.64			0.64			0.69			1.11			80
2017			12.55			0.16			2.10				2.26				(0.15)			—				(0.15)			14.66		18.16				156,329		0.64			0.64			0.70			1.16			100
2016			13.71			0.16			1.16				1.32				(0.15)			(2.33	)			(2.48)			12.55		10.50				164,611		0.66	(2)		0.66	(2)		0.74	(2)		1.26			68
2015(3)			14.62			0.11			(0.94	)			(0.83	)			(0.08)			—				(0.08)			13.71		(5.74	)			156,158		0.64			0.64			0.72			1.03			110
Large Cap Value Fund
Class F
2019		$	26.21		$	0.50		$	(0.92	)		$	(0.42	)		$	(0.48)		$	(2.06	)		$	(2.54)		$	23.25		(0.91	)%		$	1,190,700		0.89	%		0.89	%		0.93	%		2.17	%		52	%
2018			24.70			0.39			2.39				2.78				(0.37)			(0.90	)			(1.27)			26.21		11.54				1,285,571		0.89			0.89			0.93			1.51			83
2017			21.20			0.32			3.49				3.81				(0.31)			—				(0.31)			24.70		18.13				1,261,075		0.89			0.89			0.93			1.38			76
2016			22.35			0.32			1.78				2.10				(0.30)			(2.95	)			(3.25)			21.20		10.16				1,300,029		0.91	(2)		0.91	(2)		0.95	(2)		1.56			70
2015			25.71			0.32			(1.72	)			(1.40	)			(0.25)			(1.71	)			(1.96)			22.35		(6.15	)			1,300,033		0.89			0.90			0.93			1.29			96
Class I
2019		$	26.23		$	0.45		$	(0.93	)		$	(0.48	)		$	(0.42)		$	(2.06	)		$	(2.48)		$	23.27		(1.14	)%		$	3,042		1.11	%		1.11	%		1.18	%		1.95	%		52	%
2018			24.71			0.33			2.40				2.73				(0.31)			(0.90	)			(1.21)			26.23		11.30				4,427		1.11			1.11			1.18			1.29			83
2017			21.21			0.27			3.49				3.76				(0.26)			—				(0.26)			24.71		17.84				4,666		1.11			1.11			1.18			1.16			76
2016			22.35			0.28			1.78				2.06				(0.25)			(2.95	)			(3.20)			21.21		9.93				6,165		1.13	(2)		1.13	(2)		1.20	(2)		1.33			70
2015			25.71			0.27			(1.72	)			(1.45	)			(0.20)			(1.71	)			(1.91)			22.35		(6.34	)			7,477		1.11			1.12			1.18			1.06			96
Class Y
2019		$	26.21		$	0.55		$	(0.91	)		$	(0.36	)		$	(0.53)		$	(2.06	)		$	(2.59)		$	23.26		(0.62	)%		$	150,772		0.64	%		0.64	%		0.69	%		2.41	%		52	%
2018			24.70			0.45			2.40				2.85				(0.44)			(0.90	)			(1.34)			26.21		11.82				141,700		0.64			0.64			0.68			1.77			83
2017			21.21			0.38			3.48				3.86				(0.37)			—				(0.37)			24.70		18.37				120,357		0.64			0.64			0.69			1.63			76
2016(4)			23.90			0.35			0.16				0.51				(0.25)			(2.95	)			(3.20)			21.21		2.88				22,004		0.66	(2)		0.66	(2)		0.70	(2)		1.89			70

^†  Returns and portfolio turnover rates are for the period indicated and have not been annualized. Returns do not reflect the deduction of taxes the shareholder would pay on fund distributions or redemption of fund shares.

(1) Per share net investment income and net realized and unrealized gains (losses) calculated using average shares.

(2) The expense ratio includes proxy expenses outside of the cap.

(3) Commenced operations on December 31, 2014. All ratios for the period have been annualized.

(4) Commenced operations on October 30, 2015. All ratios for the period have been annualized.

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

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

SEI Institutional Managed Trust / Annual Report / September 30, 2019 319

FINANCIAL HIGHLIGHTS

For the years or period ended September 30, (unless otherwise indicated)

For a share outstanding throughout each period

	Net Asset Value, Beginning of Period			Net Investment Income (Loss)(1)				Net Realized and Unrealized  Gains (Losses) on Investments(1)				Total from  Operations				Dividends from Net  Investment Income			Distributions from Net Realized Capital Gains				Total Dividends and Distributions			Net Asset Value, End of Period			Total  Return†			Net Assets  End of Period ($ Thousands)			Ratio of Net Expenses to Average Net Assets			Ratio of Expenses to Average Net Assets (Excluding         Fees Paid Indirectly and Including Waivers)			Ratio of Expenses to Average         Net Assets (Excluding Fees Paid Indirectly and Waivers)			Ratio of Net Investment     Income (Loss) to Average Net Assets			Portfolio  Turnover Rate†
Large Cap Growth Fund
Class F
2019		$	39.89		$	0.13			$	0.22			$	0.35			$	(0.12)		$	(4.33	)		$	(4.45)		$	35.79		2.43	%		$	1,314,152		0.89	%		0.89	%		0.98	%		0.36	%		88	%
2018			34.72			0.06				8.03				8.09				(0.05)			(2.87	)			(2.92)			39.89		24.74				1,416,472		0.89			0.89			0.98			0.16			75
2017			29.74			0.06				4.96				5.02				(0.04)			—				(0.04)			34.72		16.89				1,364,210		0.89			0.89			0.98			0.20			95
2016			32.22			0.02				3.02				3.04				(0.01)			(5.51	)			(5.52)			29.74		9.77				1,421,656		0.91	(2)		0.91	(2)		1.00	(2)		0.06			93
2015			33.82			0.08				0.97				1.05				(0.05)			(2.60	)			(2.65)			32.22		2.87				1,442,646		0.89			0.89			0.98			0.24			110
Class I
2019		$	38.96		$	0.05			$	0.21			$	0.26			$	(0.03)		$	(4.33	)		$	(4.36)		$	34.86		2.22	%		$	2,643		1.11	%		1.11	%		1.16	%		0.14	%		88	%
2018			34.02			(0.02	)			7.84				7.82				(0.01)			(2.87	)			(2.88)			38.96		24.42				3,863		1.11			1.11			1.23			(0.06	)		75
2017			29.17			(0.01	)			4.86				4.85				—			—				—			34.02		16.63				3,607		1.11			1.11			1.23			(0.03	)		95
2016			31.75			(0.04	)			2.97				2.93				—			(5.51	)			(5.51)			29.17		9.54				4,783		1.13	(2)		1.13	(2)		1.25	(2)		(0.15	)		93
2015			33.40			0.01				0.96				0.97				(0.02)			(2.60	)			(2.62)			31.75		2.65				5,558		1.11			1.11			1.23			0.02			110
Class Y
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	%		0.61	%		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
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
2019		$	27.66		$	0.31			$	0.04			$	0.35			$	(0.30)		$	(0.18	)		$	(0.48)		$	27.53		1.42	%		$	3,543,245		0.89	%		0.89	%		0.91	%		1.20	%		54	%
2018			24.11			0.22				3.83				4.05				(0.20)			(0.30	)			(0.50)			27.66		16.99				3,773,973		0.89			0.89			0.90			0.84			44
2017			20.74			0.18				3.37				3.55				(0.18)			—				(0.18)			24.11		17.19				3,385,550		0.90	(5)		0.90	(5)		0.94	(5)		0.82			88
2016			19.13			0.19				1.60				1.79				(0.18)			—				(0.18)			20.74		9.42				3,427,251		0.91	(2)		0.91	(2)		1.00	(2)		0.95			89
2015			19.64			0.14				(0.52	)			(0.38	)			(0.13)			—				(0.13)			19.13		(1.99	)			3,072,983		0.89			0.89			0.98			0.70			85
Class Y
2019		$	27.67		$	0.38			$	0.04			$	0.42			$	(0.37)		$	(0.18	)		$	(0.55)		$	27.54		1.67	%		$	447,895		0.64	%		0.64	%		0.66	%		1.46	%		54	%
2018			24.13			0.28				3.82				4.10				(0.26)			(0.30	)			(0.56)			27.67		17.22				371,706		0.64			0.64			0.65			1.08			44
2017			20.75			0.24				3.37				3.61				(0.23)			—				(0.23)			24.13		17.52				317,822		0.65	(5)		0.65	(5)		0.69	(5)		1.07			88
2016			19.13			0.24				1.61				1.85				(0.23)			—				(0.23)			20.75		9.75				198,095		0.66	(2)		0.66	(2)		0.75	(2)		1.20			89
2015(6)			20.46			0.15				(1.38	)			(1.23	)			(0.10)			—				(0.10)			19.13		(6.04	)			129,791		0.64			0.64			0.73			1.00			85

^†  Returns and portfolio turnover rates are for the period indicated and have not been annualized. Returns do not reflect the deduction of taxes the shareholder would pay on fund distributions or redemption of fund shares.

^‡  Includes contribution from SIMC. Without the cash contribution, the Fund’s return would have been 4.26% (See Note 6 in the Notes to Financial Statements).

(1) Per share net investment income and net realized and unrealized gains (losses) calculated using average shares.

(2) The expense ratio includes proxy expenses outside of the cap.

(3) Commenced operations on October 30, 2015. All ratios for the period have been annualized.

(4) Commenced operations on January 31, 2018. All ratios for the period have been annualized.

(5) The expense ratio includes litigation expenses outside the cap.

(6) Commenced operations on December 31, 2014. All ratios for the period have been annualized.

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

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

320 SEI Institutional Managed Trust / Annual Report / September 30, 2019

FINANCIAL HIGHLIGHTS

For the years or period ended September 30, (unless otherwise indicated)

For a share outstanding throughout each period

	Net Asset Value, Beginning of Period			Net Investment Income (Loss)(1)				Net Realized and Unrealized   Gains (Losses) on Investments(1)				Total from   Operations				Dividends from Net     Investment Income			Distributions from Net Realized Capital Gains			Total Dividends and     Distributions			Net Asset Value, End of Period			Total  Return†			Net Assets End of Period       ($ Thousands)			Ratio of Net Expenses to Average Net Assets			Ratio of Expenses to Average Net Assets (Excluding     Fees Paid Indirectly and Including Waivers)			Ratio of Expenses to Average         Net Assets (Excluding Fees Paid Indirectly and Waivers)			Ratio of Net Investment     Income (Loss) to Average Net Assets			Portfolio   Turnover Rate†
S&P 500 Index Fund
Class F
2019		$	68.94		$	1.24			$	1.29			$	2.53			$	(1.23)		$	(1.24)		$	(2.47)		$	69.00		4.07	%		$	826,946		0.25	%		0.25	%		0.54	%		1.90	%		11	%
2018(2)			60.22			1.20				9.19				10.39				(1.13)			(0.54)			(1.67)			68.94		17.53				904,819		0.29			0.29			0.55			1.85			17
2017			53.32			0.89				8.47				9.36				(0.87)			(1.59)			(2.46)			60.22		18.12				417,308		0.43			0.43			0.54			1.58			21
2016			47.23			0.86				6.13				6.99				(0.83)			(0.07)			(0.90)			53.32		14.93				386,477		0.45	(3)		0.45	(3)		0.57	(3)		1.69			10
2015			53.00			0.77				(0.99	)			(0.22)				(0.86)			(4.69)			(5.55)			47.23		(0.97	)			385,743		0.43			0.43			0.54			1.51			12
Class I
2019		$	69.31		$	0.98			$	1.30			$	2.28			$	(0.96)		$	(1.24)		$	(2.20)		$	69.39		3.66	%		$	5,322		0.65	%		0.65	%		0.79	%		1.49	%		11	%
2018(2)			60.56			0.92				9.30				10.22				(0.93)			(0.54)			(1.47)			69.31		17.13				6,372		0.65			0.65			0.80			1.43			17
2017			53.58			0.77				8.52				9.29				(0.72)			(1.59)			(2.31)			60.56		17.87				6,328		0.65			0.65			0.79			1.36			21
2016			47.46			0.76				6.15				6.91				(0.72)			(0.07)			(0.79)			53.58		14.67				6,473		0.67	(3)		0.67	(3)		0.82	(3)		1.49			10
2015			53.22			0.66				(0.99	)			(0.33	)			(0.74)			(4.69)			(5.43)			47.46		(1.19	)			7,774		0.65			0.65			0.79			1.28			12
Small Cap Fund
Class F
2019		$	14.28		$	0.01			$	(1.67	)		$	(1.66	)		$	(0.01)		$	(1.56)		$	(1.57)		$	11.05		(10.85	)%		$	554,260		1.14	%		1.14	%		1.24	%		0.11	%		116	%
2018			13.25			(0.02	)			1.97				1.95				—			(0.92)			(0.92)			14.28		15.56				690,400		1.14			1.14			1.24			(0.17	)		162
2017			11.61			(0.02	)			1.68				1.66				(0.02)			—			(0.02)			13.25		14.29				588,341		1.14			1.14			1.24			(0.12	)		135
2016			11.99			—				0.88				0.88				—			(1.26)			(1.26)			11.61		7.76				550,556		1.16	(3)		1.16	(3)		1.26	(3)		0.03			104
2015			13.01			(0.01	)			0.04				0.03				—			(1.05)			(1.05)			11.99		(0.24	)			495,245		1.14			1.14			1.22			(0.11	)		137
Class Y
2019		$	14.38		$	0.04			$	(1.69	)		$	(1.65	)		$	(0.02)		$	(1.56)		$	(1.58)		$	11.15		(10.66	)%		$	33,128		0.89	%		0.89	%		0.99	%		0.36	%		116	%
2018			13.31			0.01				1.98				1.99				—*			(0.92)			(0.92)			14.38		15.83				36,423		0.89			0.89			0.99			0.07			162
2017			11.66			0.02				1.67				1.69				(0.04)			—			(0.04)			13.31		14.51				39,149		0.89			0.89			0.99			0.13			135
2016			12.01			0.03				0.89				0.92				(0.01)			(1.26)			(1.27)			11.66		8.08				37,859		0.91	(3)		0.91	(3)		1.01	(3)		0.28			104
2015(4)			12.89			0.01				(0.89	)			(0.88	)			—			—			—			12.01		(6.83	)			32,810		0.89			0.89			0.98			0.11			137

^†  Returns and portfolio turnover rates are for the period indicated and have not been annualized. Returns do not reflect the deduction of taxes the shareholder would pay on fund distributions or redemption of fund shares.

* Amount represents less than $0.01 per share.

(1) Per share net investment income and net realized and unrealized gains (losses) calculated using average shares.

(2) On April 20, 2018, the Class Y shares and Class E shares were converted to Class F shares. The performance and financial history shown of the class is solely that of the fund’s Class F shares.

(3) The expense ratio includes proxy expenses outside of the cap.

(4) Commenced operations on December 31, 2014. All ratios for the period have been annualized.

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

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

SEI Institutional Managed Trust / Annual Report / September 30, 2019 321

FINANCIAL HIGHLIGHTS

For the years or period ended September 30, (unless otherwise indicated)

For a share outstanding throughout each period

	Net Asset Value, Beginning of Period			Net   Investment Income (Loss)(1)				Net Realized and Unrealized   Gains (Losses) on Investments(1)				Total from Operations				Dividends from Net Investment Income			Distributions from Net Realized Capital Gains				Total Dividends and  Distributions			Net Asset Value, End of Period			Total       Return†			Net Assets End of Period ($ Thousands)			Ratio of Net Expenses to Average Net Assets			Ratio of Expenses to Average Net Assets (Excluding         Fees Paid Indirectly and Including Waivers)			Ratio of Expenses to Average Net Assets (Excluding Fees Paid Indirectly and Waivers)			Ratio of Net Investment     Income (Loss) to Average Net Assets			Portfolio  Turnover Rate†
Small Cap Value Fund
Class F
2019		$	25.54		$	0.27			$	(2.86	)		$	(2.59	)		$	(0.25)		$	(2.10	)		$	(2.35)		$	20.60		(9.62	)%		$	274,660		1.14	%		1.14	%		1.24	%		1.30	%		74	%
2018			26.16			0.17				1.53				1.70				(0.17)			(2.15	)			(2.32)			25.54		6.81				336,361		1.14			1.14			1.24			0.68			132
2017			22.75			0.11				3.43				3.54				(0.13)			—				(0.13)			26.16		15.61				349,296		1.14			1.14			1.23			0.45			123
2016			21.80			0.14				2.27				2.41				(0.15)			(1.31	)			(1.46)			22.75		11.60				362,348		1.17	(2)		1.17	(2)		1.26	(2)		0.63			87
2015			23.97			0.13				(0.19	)			(0.06	)			(0.15)			(1.96	)			(2.11)			21.80		(0.76	)			345,594		1.14			1.14			1.23			0.56			87
Class I
2019		$	25.31		$	0.22			$	(2.84	)		$	(2.62	)		$	(0.20)		$	(2.10	)		$	(2.30)		$	20.39		(9.83	)%		$	1,703		1.36	%		1.36	%		1.49	%		1.07	%		74	%
2018			25.94			0.12				1.51				1.63				(0.11)			(2.15	)			(2.26)			25.31		6.59				2,354		1.36			1.36			1.49			0.46			132
2017			22.57			0.05				3.41				3.46				(0.09)			—				(0.09)			25.94		15.37				2,466		1.36			1.36			1.48			0.22			123
2016			21.64			0.09				2.25				2.34				(0.10)			(1.31	)			(1.41)			22.57		11.34				2,910		1.39	(2)		1.39	(2)		1.51	(2)		0.40			87
2015			23.81			0.08				(0.19	)			(0.11	)			(0.10)			(1.96	)			(2.06)			21.64		(0.99	)			3,736		1.36			1.36			1.48			0.34			87
Class Y
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
2019		$	42.96		$	(0.11	)		$	(6.04	)		$	(6.15	)		$	—		$	(4.93	)		$	(4.93)		$	31.88		(13.89	)%		$	293,814		1.11	%		1.11	%		1.24	%		(0.33	)%		172	%
2018			34.42			(0.20	)			8.86				8.66				—			(0.12	)			(0.12)			42.96		25.25				386,055		1.11			1.11			1.24			(0.53	)		168
2017			28.86			(0.17	)			5.73				5.56				—			—				—			34.42		19.27				312,759		1.11			1.11			1.23			(0.55	)		116
2016			26.60			(0.08	)			2.34				2.26				—			—				—			28.86		8.50				312,240		1.14	(2)		1.14	(2)		1.26	(2)		(0.31	)		124
2015			25.95			(0.14	)			0.79				0.65				—			—				—			26.60		2.50				325,353		1.11			1.11			1.23			(0.48	)		131
Class I
2019		$	41.21		$	(0.19	)		$	(5.80	)		$	(5.99	)		$	—		$	(4.93	)		$	(4.93)		$	30.29		(14.13	)%		$	1,408		1.36	%		1.36	%		1.49	%		(0.59	)%		172	%
2018			33.11			(0.28	)			8.50				8.22				—			(0.12	)			(0.12)			41.21		24.92				2,127		1.36			1.36			1.49			(0.79	)		168
2017			27.83			(0.24	)			5.52				5.28				—			—				—			33.11		18.97				2,079		1.36			1.36			1.48			(0.79	)		116
2016			25.71			(0.14	)			2.26				2.12				—			—				—			27.83		8.25				2,253		1.39	(2)		1.39	(2)		1.51	(2)		(0.56	)		124
2015			25.15			(0.20	)			0.76				0.56				—			—				—			25.71		2.23				2,774		1.36			1.36			1.48			(0.73	)		131
Class Y
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.

322 SEI Institutional Managed Trust / Annual Report / September 30, 2019

FINANCIAL HIGHLIGHTS

For the years or period ended September 30, (unless otherwise indicated)

For a share outstanding throughout each period

	Net Asset Value, Beginning of Period			Net Investment Income (Loss)(1)			Net Realized and Unrealized         Gains (Losses) on Investments(1)				Total from Operations				Dividends from Net Investment Income				Distributions from Net Realized Capital Gains				Total Dividends and  Distributions			Net Asset Value, End of Period			Total  Return†			Net Assets  End of Period ($ Thousands)			Ratio of Net Expenses to Average Net Assets			Ratio of Expenses to Average Net Assets (Excluding         Fees Paid Indirectly and Including Waivers)			Ratio of Expenses to Average         Net Assets (Excluding Fees Paid Indirectly and Waivers)			Ratio of Net Investment     Income (Loss) to Average Net Assets			Portfolio  Turnover Rate†
Tax-Managed Small/Mid Cap Fund
Class F
2019		$	25.02		$	0.11		$	(2.32	)		$	(2.21	)		$	(0.10	)		$	(1.67	)		$	(1.77)		$	21.04		(8.27	)%		$	771,375		1.11	%		1.11	%		1.23	%		0.54	%		115	%
2018			22.09			0.02			3.34				3.36				(0.02	)			(0.41	)			(0.43)			25.02		15.38				907,519		1.11			1.11			1.23			0.07			186
2017			18.97			0.03			3.17				3.20				(0.08	)			—				(0.08)			22.09		16.91				782,449		1.11	(2)		1.11	(2)		1.24	(2)		0.12			151
2016			17.53			0.06			1.44				1.50				(0.06	)			—				(0.06)			18.97		8.55				643,288		1.13	(3)		1.13	(3)		1.25	(3)		0.35			107
2015			17.62			0.02			0.09				0.11				(0.01	)			(0.19	)			(0.20)			17.53		0.58				589,712		1.11			1.11			1.23			0.12			98
Class Y
2019		$	25.07		$	0.16		$	(2.34	)		$	(2.18	)		$	(0.16	)		$	(1.67	)		$	(1.83)		$	21.06		(8.12	)%		$	98,434		0.89	%		0.89	%		0.99	%		0.77	%		115	%
2018			22.11			0.07			3.35				3.42				(0.05	)			(0.41	)			(0.46)			25.07		15.69				88,854		0.89			0.89			0.98			0.29			186
2017			18.98			0.07			3.17				3.24				(0.11	)			—				(0.11)			22.11		17.14				75,183		0.90	(2)		0.90	(2)		0.99	(2)		0.34			151
2016			17.55			0.10			1.44				1.54				(0.11	)			—				(0.11)			18.98		8.79				47,185		0.91	(3)		0.91	(3)		1.00	(3)		0.58			107
2015(4)			18.52			0.05			(1.01	)			(0.96	)			(0.01	)			—				(0.01)			17.55		(5.17	)			28,090		0.89			0.89			0.98			0.32			98
Mid-Cap Fund
Class F
2019		$	29.13		$	0.22		$	(1.43	)		$	(1.21	)		$	(0.20	)		$	(2.78	)		$	(2.98)		$	24.94		(3.10	)%		$	102,280		0.98	%		0.98	%		0.99	%		0.89	%		99	%
2018			27.81			0.19			3.37				3.56				(0.21	)			(2.03	)			(2.24)			29.13		13.41				131,640		0.98			0.98			0.99			0.66			99
2017			24.00			0.17			3.99				4.16				(0.16	)			(0.19	)			(0.35)			27.81		17.52				112,423		0.98			0.98			0.99			0.67			112
2016			25.08			0.27			2.86				3.13				(0.34	)			(3.87	)			(4.21)			24.00		14.10				87,780		1.01	(3)		1.01	(3)		1.01	(3)		1.16			115
2015			27.53			0.17			0.12				0.29				(0.07	)			(2.67	)			(2.74)			25.08		0.67				93,923		0.98			0.98			0.98			0.63			175
Class I
2019		$	29.09		$	0.16		$	(1.41	)		$	(1.25	)		$	(0.15	)		$	(2.78	)		$	(2.93)		$	24.91		(3.27	)%		$	716		1.20	%		1.20	%		1.24	%		0.66	%		99	%
2018			27.78			0.12			3.36				3.48				(0.14	)			(2.03	)			(2.17)			29.09		13.11				821		1.20			1.21			1.24			0.42			99
2017			23.96			0.12			4.00				4.12				(0.11	)			(0.19	)			(0.30)			27.78		17.32				864		1.20			1.20			1.24			0.46			112
2016			25.04			0.22			2.85				3.07				(0.28	)			(3.87	)			(4.15)			23.96		13.84				871		1.24	(3)		1.24	(3)		1.27	(3)		0.97			115
2015			27.52			0.10			0.12				0.22				(0.03	)			(2.67	)			(2.70)			25.04		0.43				883		1.20			1.20			1.23			0.38			175
Class Y
2019		$	29.15		$	0.28		$	(1.42	)		$	(1.14	)		$	(0.27	)		$	(2.78	)		$	(3.05)		$	24.96		(2.85	)%		$	2,604		0.73	%		0.73	%		0.74	%		1.14	%		99	%
2018			27.83			0.26			3.37				3.63				(0.28	)			(2.03	)			(2.31)			29.15		13.68				2,962		0.73			0.74			0.74			0.92			99
2017			24.01			0.24			4.00				4.24				(0.23	)			(0.19	)			(0.42)			27.83		17.84				2,267		0.73			0.73			0.74			0.93			112
2016(5)			26.61			0.30			1.29				1.59				(0.32	)			(3.87	)			(4.19)			24.01		7.56				479		0.78	(3)		0.78	(3)		0.78	(3)		1.43			115

^†  Returns and portfolio turnover rates are for the period indicated and have not been annualized. Returns do not reflect the deduction of taxes the shareholder would pay on fund distributions or redemption of fund shares.

(1) Per share net investment income and net realized and unrealized gains (losses) calculated using average shares.

(2) The expense ratio includes litigation expenses outside the cap.

(3) The expense ratio includes proxy expenses outside of the cap.

(4) Commenced operations on December 31, 2014. All ratios for the period have been annualized.

(5) Commenced operations on October 30, 2015. All ratios for the period have been annualized.

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

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

SEI Institutional Managed Trust / Annual Report / September 30, 2019 323

FINANCIAL HIGHLIGHTS

For the years or period ended September 30, (unless otherwise indicated)

For a share outstanding throughout each period

	Net Asset Value, Beginning of Period			Net Investment Income (Loss)(1)			Net Realized and Unrealized Gains (Losses) on Investments(1)				Total from  Operations				Dividends from Net Investment Income			Distributions from Net Realized Capital Gains				Total Dividends and  Distributions			Net Asset Value, End of Period			Total Return†			Net Assets   End of Period ($ Thousands)			Ratio of Net Expenses to Average Net Assets			Ratio of Expenses to Average Net Assets (Excluding  Fees Paid Indirectly and Including Waivers)			Ratio of Expenses to Average Net Assets (Excluding Fees Paid Indirectly and Waivers)			Ratio of Net Investment  Income (Loss) to Average Net Assets			Portfolio  Turnover Rate†
U.S. Managed Volatility Fund
Class F
2019		$	18.69		$	0.32		$	0.91			$	1.23			$	(0.31)		$	(1.83	)		$	(2.14)		$	17.78		7.89	%		$	914,612		0.93	%		0.93	%		1.23	%		1.89	%		44	%
2018			18.26			0.26			1.80				2.06				(0.27)			(1.36	)			(1.63)			18.69		11.83				934,551		0.97			0.97			1.23			1.44			72
2017			17.04			0.25			1.72				1.97				(0.26)			(0.49	)			(0.75)			18.26		11.85				994,387		1.00			1.00			1.23			1.45			48
2016			16.23			0.25			1.62				1.87				(0.26)			(0.80	)			(1.06)			17.04		12.01				1,126,685		1.02	(2)		1.02	(2)		1.25	(2)		1.53			43
2015			17.50			0.25			0.60				0.85				(0.25)			(1.87	)			(2.12)			16.23		4.61				959,241		1.00			1.00			1.23			1.47			58
Class I
2019		$	18.69		$	0.28		$	0.91			$	1.19			$	(0.27)		$	(1.83)			$	(2.10)		$	17.78		7.62	%		$	1,345		1.18	%		1.18	%		1.48	%		1.64	%		44	%
2018			18.26			0.21			1.80				2.01				(0.22)			(1.36)				(1.58)			18.69		11.55				1,183		1.22			1.22			1.48			1.18			72
2017			17.03			0.21			1.71				1.92				(0.20)			(0.49)				(0.69)			18.26		11.58				1,426		1.25			1.25			1.48			1.21			48
2016			16.21			0.21			1.62				1.83				(0.21)			(0.80)				(1.01)			17.03		11.76				1,928		1.27	(2)		1.27	(2)		1.50	(2)		1.28			43
2015			17.47			0.21			0.60				0.81				(0.20)			(1.87)				(2.07)			16.21		4.43				1,469		1.25			1.25			1.48			1.22			58
Class Y
2019		$	18.70		$	0.37		$	0.91			$	1.28			$	(0.36)		$	(1.83)			$	(2.19)		$	17.79		8.16	%		$	922,175		0.68	%		0.68	%		0.98	%		2.15	%		44	%
2018			18.27			0.30			1.80				2.10				(0.31)			(1.36)				(1.67)			18.70		12.11				682,081		0.72			0.72			0.98			1.68			72
2017			17.05			0.30			1.71				2.01				(0.30)			(0.49)				(0.79)			18.27		12.13				585,729		0.75			0.75			0.98			1.73			48
2016			16.24			0.29			1.62				1.91				(0.30)			(0.80)				(1.10)			17.05		12.28				486,555		0.77	(2)		0.77	(2)		1.00	(2)		1.78			43
2015(3)			16.51			0.22			(0.35	)			(0.13	)			(0.14)			—				(0.14)			16.24		(1.97	)			392,240		0.75			0.75			0.99			1.73			58
Global Managed Volatility Fund
Class F
2019		$	12.08		$	0.18		$	0.26			$	0.44			$	(0.29)		$	(0.77)			$	(1.06)		$	11.46		4.75	%		$	1,060,614		1.11	%		1.11	%		1.24	%		1.61	%		66	%
2018			11.97			0.17			0.77				0.94				(0.18)			(0.65)				(0.83)			12.08		8.12				1,184,336		1.11			1.11			1.24			1.46			55
2017			11.51			0.17			1.03				1.20				(0.32)			(0.42)				(0.74)			11.97		11.16				1,242,592		1.11			1.11			1.24			1.45			61
2016			10.83			0.17			1.20				1.37				(0.55)			(0.14)				(0.69)			11.51		13.08				1,618,549		1.13	(2)		1.13	(2)		1.25	(2)		1.50			58
2015			11.41			0.20			0.47				0.67				(0.57)			(0.68)				(1.25)			10.83		5.87				2,234,776		1.11			1.11			1.23			1.75			52
Class I
2019		$	11.82		$	0.15		$	0.25			$	0.40			$	(0.26)		$	(0.77)			$	(1.03)		$	11.19		4.45	%		$	1,067		1.36	%		1.36	%		1.49	%		1.36	%		66	%
2018			11.73			0.14			0.75				0.89				(0.15)			(0.65)				(0.80)			11.82		7.87				1,225		1.36			1.36			1.49			1.19			55
2017			11.29			0.14			1.00				1.14				(0.28)			(0.42)				(0.70)			11.73		10.80				1,573		1.36			1.36			1.48			1.24			61
2016			10.62			0.15			1.18				1.33				(0.52)			(0.14)				(0.66)			11.29		12.97				2,734		1.38	(2)		1.38	(2)		1.51	(2)		1.41			58
2015			11.23			0.17			0.44				0.61				(0.54)			(0.68)				(1.22)			10.62		5.43				1,301		1.36			1.36			1.48			1.50			52
Class Y
2019		$	12.12		$	0.21		$	0.25			$	0.46			$	(0.32)		$	(0.77)			$	(1.09)		$	11.49		4.95	%		$	220,260		0.86	%		0.86	%		0.99	%		1.86	%		66	%
2018			12.00			0.20			0.78				0.98				(0.21)			(0.65)				(0.86)			12.12		8.46				233,708		0.86			0.86			0.99			1.74			55
2017			11.55			0.22			1.00				1.22				(0.35)			(0.42)				(0.77)			12.00		11.32				213,561		0.87			0.87			0.99			1.87			61
2016			10.85			0.21			1.20				1.41				(0.57)			(0.14)				(0.71)			11.55		13.49				102,388		0.88	(2)		0.88	(2)		1.01	(2)		1.86			58
2015(3)			10.73			0.19			(0.07	)			0.12				—			—				—			10.85		1.12				94,522		0.86			0.86			0.99			2.23			52

^†  Returns and portfolio turnover rates are for the period indicated and have not been annualized. Returns do not reflect the deduction of taxes the shareholder would pay on fund distributions or redemption of fund shares.

(1) Per share net investment income and net realized and unrealized gains (losses) calculated using average shares.

(2) The expense ratio includes proxy expenses outside of the cap.

(3) Commenced operations on December 31, 2014. All ratios for the period have been annualized.

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

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

324 SEI Institutional Managed Trust / Annual Report / September 30, 2019

FINANCIAL HIGHLIGHTS

For the years or period ended September 30, (unless otherwise indicated)

For a share outstanding throughout each period

	Net Asset Value, Beginning of Period			Net Investment Income (Loss)(1)				Net Realized and Unrealized       Gains (Losses) on Investments(1)				Total from  Operations				Dividends from Net  Investment Income			Distributions from Net Realized Capital Gains			Total Dividends and Distributions			Net Asset Value, End of Period			Total  Return†			Net Assets End of Period ($ Thousands)			Ratio of Net Expenses to Average Net Assets			Ratio of Expenses to Average Net Assets (Excluding   Fees Paid Indirectly and Including Waivers)			Ratio of Expenses to Average         Net Assets (Excluding Fees Paid Indirectly and Waivers)			Ratio of Net Investment   Income (Loss) to Average Net Assets			Portfolio Turnover Rate†
Tax-Managed Managed Volatility Fund
Class F
2019		$	17.22		$	0.27			$	0.88			$	1.15			$	(0.27)		$	(0.49)		$	(0.76)		$	17.61		7.16	%		$	1,004,802		1.00	%		1.00	%		1.23	%		1.65	%		29	%
2018			15.96			0.21				1.70				1.91				(0.22)			(0.43)			(0.65)			17.22		12.26				1,030,813		1.00			1.00			1.23			1.31			24
2017			14.74			0.23				1.61				1.84				(0.23)			(0.39)			(0.62)			15.96		12.84				994,011		1.00			1.00			1.23			1.53			22
2016			13.88			0.22				1.41				1.63				(0.21)			(0.56)			(0.77)			14.74		12.24				1,162,478		1.02	(2)		1.02	(2)		1.25	(2)		1.52			32
2015			14.14			0.20				0.64				0.84				(0.20)			(0.90)			(1.10)			13.88		5.92				901,026		1.00			1.00			1.23			1.40			49
Class Y
2019		$	17.23		$	0.31			$	0.88			$	1.19			$	(0.31)		$	(0.49)		$	(0.80)		$	17.62		7.42	%		$	87,717		0.75	%		0.75	%		0.99	%		1.88	%		29	%
2018			15.96			0.26				1.70				1.96				(0.26)			(0.43)			(0.69)			17.23		12.60				78,609		0.75			0.75			0.99			1.56			24
2017			14.74			0.27				1.61				1.88				(0.27)			(0.39)			(0.66)			15.96		13.12				61,804		0.75			0.75			0.98			1.80			22
2016			13.89			0.26				1.40				1.66				(0.25)			(0.56)			(0.81)			14.74		12.42				37,017		0.77	(2)		0.77	(2)		1.01	(2)		1.81			32
2015(3)			14.25			0.11				(0.42	)(4)			(0.31	)			(0.05)			—			(0.05)			13.89		(2.17	)			323		0.81			0.81			1.06			1.77			49
Tax-Managed International Managed Volatility Fund
Class F
2019		$	11.38		$	0.27			$	(0.61	)		$	(0.34	)		$	(0.27)		$	—		$	(0.27)		$	10.77		(2.76	)%		$	331,996		1.11	%		1.11	%		1.40	%		2.54	%		55	%
2018			11.56			0.26				(0.15	)			0.11				(0.29)			—			(0.29)			11.38		0.93				355,027		1.11			1.11			1.40			2.21			54
2017(5)			10.00			0.23				1.33				1.56				—			—			—			11.56		15.65				336,350		1.11			1.11			1.39			2.29			51
Class Y
2019		$	11.40		$	0.32			$	(0.63	)		$	(0.31	)		$	(0.30)		$	—		$	(0.30)		$	10.79		(2.47	)%		$	42,782		0.86	%		0.86	%		1.15	%		3.05	%		55	%
2018			11.58			0.30				(0.16	)			0.14				(0.32)			—			(0.32)			11.40		1.16				25,862		0.86			0.86			1.15			2.60			54
2017(5)			10.00			0.30				1.29				1.59				(0.01)			—			(0.01)			11.58		15.90				13,652		0.86			0.86			1.15			2.92			51
Real Estate Fund
Class F
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
2015			17.05			0.08				1.87				1.95				(0.26)			(0.78)			(1.04)			17.96		11.44				193,006		1.14			1.14			1.23			0.42			51
Class I
2019		$	16.03		$	0.21			$	2.29			$	2.50			$	(0.18)		$	(1.15)		$	(1.33)		$	17.20		17.06	%		$	420		1.36	%		1.36	%		1.48	%		1.33	%		71	%
2018			17.13			0.24				0.58				0.82				(0.20)			(1.72)			(1.92)			16.03		4.80				455		1.36			1.36			1.49			1.31			103
2017			19.35			(0.02	)			(0.20	)			(0.22	)			(0.37)			(1.63)			(2.00)			17.13		(0.80	)			529		1.36			1.36			1.49			(0.09	)		67
2016			17.94			0.25				2.69				2.94				(0.12)			(1.41)			(1.53)			19.35		16.90				651		1.38	(2)		1.38	(2)		1.50	(2)		1.33			84
2015			17.03			0.03				1.87				1.90				(0.21)			(0.78)			(0.99)			17.94		11.16				720		1.36			1.36			1.48			0.17			51
Class Y
2019		$	16.07		$	0.27			$	2.31			$	2.58			$	(0.25)		$	(1.15)		$	(1.40)		$	17.25		17.65	%		$	36,910		0.89	%		0.89	%		0.98	%		1.72	%		71	%
2018			17.15			0.32				0.58				0.90				(0.26)			(1.72)			(1.98)			16.07		5.30				36,197		0.89			0.89			0.99			1.76			103
2017			19.38			0.07				(0.21	)			(0.14	)			(0.46)			(1.63)			(2.09)			17.15		(0.37	)			36,892		0.89			0.89			0.99			0.41			67
2016			17.96			0.32				2.72				3.04				(0.21)			(1.41)			(1.62)			19.38		17.49				36,591		0.92	(2)		0.92	(2)		1.01	(2)		1.64			84
2015(6)			19.00			0.08				(0.65	)(4)			(0.57	)			(0.14)			(0.33)			(0.47)			17.96		(2.97	)			18,561		0.89			0.89			0.98			0.54			51

^†  Returns and portfolio turnover rates are for the period indicated and have not been annualized. Returns do not reflect the deduction of taxes the shareholder would pay on fund distributions or redemption of fund shares.

(1) Per share net investment income and net realized and unrealized gains (losses) calculated using average shares.

(2) The expense ratio includes proxy expenses outside of the cap.

(3) Commenced operations on April 30, 2015. All ratios for the period have been annualized.

(4) The amount shown for a share outstanding throughout the period does not accord with the aggregate net gains on investments for that period because the sales and repurchase of Fund shares in relation to the fluctuating market value of the Fund.

(5) Commenced operations on October 17, 2016. All ratios for the period have been annualized.

(6) Commenced operations on December 31, 2014. All ratios for the period have been annualized.

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

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

SEI Institutional Managed Trust / Annual Report / September 30, 2019 325

FINANCIAL HIGHLIGHTS

For the years or period ended September 30, (unless otherwise indicated)

For a share outstanding throughout each period

	Net Asset Value, Beginning of Period			Net Investment Income (Loss)(1)			Net Realized and Unrealized Gains (Losses) on Investments(1)				Total from Operations				Dividends from Net Investment Income			Distributions from Net Realized Capital Gains			Total Dividends and Distributions				Net Asset Value, End of Period			Total Return†			Net Assets End of Period     ($ Thousands)			Ratio of Net Expenses to Average Net Assets		Ratio of Expenses to Average Net Assets (Excluding     Fees Paid Indirectly and Including Waivers)			Ratio of Expenses to Average Net Assets (Excluding Fees Paid Indirectly and Waivers)			Ratio of Net Investment     Income (Loss) to Average Net Assets			Portfolio Turnover Rate†
Core Fixed Income Fund
Class F
2019		$	10.86		$	0.31		$	0.81			$	1.12			$	(0.33)		$	—		$	(0.33	)		$	11.65		10.45	%		$	3,755,355		0.66%		0.66	%		0.73	%		2.78	%		387	%
2018			11.32			0.29			(0.46	)			(0.17	)			(0.29)			—			(0.29	)			10.86		(1.53	)			3,600,785		0.67		0.67			0.77			2.55			384
2017			11.71			0.25			(0.15	)			0.10				(0.26)			(0.23)			(0.49	)			11.32		1.02				1,855,251		0.67		0.67			0.80			2.19			386
2016			11.47			0.26			0.37				0.63				(0.27)			(0.12)			(0.39	)			11.71		5.64				2,070,113		0.69(2)		0.69	(2)		0.88	(2)		2.29			336
2015			11.47			0.27			—				0.27				(0.27)			—			(0.27	)			11.47		2.36				2,068,581		0.67		0.67			0.86			2.32			350
Class I
2019		$	10.86		$	0.29		$	0.79			$	1.08			$	(0.30)		$	—		$	(0.30	)		$	11.64		10.11	%		$	5,085		0.88%		0.88	%		0.98	%		2.57	%		387	%
2018			11.31			0.26			(0.45	)			(0.19	)			(0.26)			—			(0.26	)			10.86		(1.66	)			6,255		0.89		0.89			1.02			2.29			384
2017			11.70			0.22			(0.14	)			0.08				(0.24)			(0.23)			(0.47	)			11.31		0.80				5,975		0.89		0.89			1.05			1.97			386
2016			11.46			0.24			0.36				0.60				(0.24)			(0.12)			(0.36	)			11.70		5.41				9,313		0.91(2)		0.91	(2)		1.13	(2)		2.07			336
2015			11.46			0.24			0.01				0.25				(0.25)			—			(0.25	)			11.46		2.14				12,504		0.89		0.89			1.11			2.10			350
Class Y
2019		$	10.87		$	0.34		$	0.80			$	1.14			$	(0.35)		$	—		$	(0.35	)		$	11.66		10.71	%		$	439,460		0.41%		0.41	%		0.48	%		3.03	%		387	%
2018			11.32			0.31			(0.44	)			(0.13	)			(0.32)			—			(0.32	)			10.87		(1.20	)			392,931		0.42		0.42			0.52			2.80			384
2017			11.71			0.28			(0.15	)			0.13				(0.29)			(0.23)			(0.52	)			11.32		1.27				225,440		0.42		0.42			0.55			2.46			386
2016			11.47			0.29			0.37				0.66				(0.30)			(0.12)			(0.42	)			11.71		5.90				70,916		0.44(2)		0.44	(2)		0.63	(2)		2.55			336
2015(3)			11.47			0.08			—				0.08				(0.08)			—			(0.08	)			11.47		0.69				22,985		0.42		0.42			0.63			2.66			350
High Yield Bond Fund
Class F
2019		$	7.13		$	0.39		$	(0.11	)		$	0.28			$	(0.39)		$	(0.11)		$	(0.50	)		$	6.91		4.24	%		$	1,444,565		0.89%		0.89	%		0.98	%		5.68	%		69	%
2018			7.33			0.38			(0.11	)			0.27				(0.38)			(0.09)			(0.47	)			7.13		3.88				1,484,436		0.89		0.89			0.98			5.38			58
2017			7.18			0.42			0.26				0.68				(0.41)			(0.12)			(0.53	)			7.33		9.75				1,469,480		0.90(4)		0.90	(4)		1.01	(4)		5.83			62
2016			7.01			0.42			0.26				0.68				(0.42)			(0.09)			(0.51	)			7.18		10.44				1,737,907		0.91(2)		0.91	(2)		1.10	(2)		6.16			56
2015			7.70			0.42			(0.65	)			(0.23	)			(0.42)			(0.04)			(0.46	)			7.01		(3.21	)			1,548,778		0.89		0.89			1.08			5.61			56
Class I
2019		$	6.88		$	0.36		$	(0.12	)		$	0.24			$	(0.36)		$	(0.11)		$	(0.47	)		$	6.65		3.79	%		$	11,926		1.12%		1.12	%		1.23	%		5.51	%		69	%
2018			7.08			0.35			(0.11	)			0.24				(0.35)			(0.09)			(0.44	)			6.88		3.61				545		1.10		1.10			1.22			5.08			58
2017			6.93			0.39			0.26				0.65				(0.38)			(0.12)			(0.50	)			7.08		9.65				1,147		1.12(4)		1.12	(4)		1.25	(4)		5.58			62
2016			6.78			0.40			0.23				0.63				(0.39)			(0.09)			(0.48	)			6.93		9.95				1,078		1.14(2)		1.14	(2)		1.36	(2)		6.01			56
2015			7.48			0.39			(0.67	)			(0.28	)			(0.38)			(0.04)			(0.42	)			6.78		(3.91	)			1,026		1.11		1.11			1.32			5.31			56
Class Y
2019		$	7.13		$	0.41		$	(0.11	)		$	0.30			$	(0.41)		$	(0.11)		$	(0.52	)		$	6.91		4.51	%		$	185,383		0.64%		0.64	%		0.73	%		5.92	%		69	%
2018			7.32			0.40			(0.11	)			0.29				(0.39)			(0.09)			(0.48	)			7.13		4.27				177,644		0.64		0.64			0.73			5.62			58
2017			7.18			0.44			0.25				0.69				(0.43)			(0.12)			(0.55	)			7.32		9.87				187,087		0.65(4)		0.65	(4)		0.76	(4)		6.08			62
2016			7.01			0.44			0.26				0.70				(0.44)			(0.09)			(0.53	)			7.18		10.72				199,015		0.66(2)		0.66	(2)		0.85	(2)		6.42			56
2015(5)			7.44			0.33			(0.44	)			(0.11	)			(0.32)			—			(0.32	)			7.01		(1.75	)			143,315		0.64		0.64			0.83			5.94			56

^†  Returns and portfolio turnover rates are for the period indicated and have not been annualized. Returns do not reflect the deduction of taxes the shareholder would pay on fund distributions or redemption of fund shares.

(1) Per share net investment income and net realized and unrealized gains (losses) calculated using average shares.

(2) The expense ratio includes proxy expenses outside of the cap.

(3) Commenced operations on June 30, 2015. All ratios for the period have been annualized.

(4) The expense ratio includes litigation expenses outside the cap.

(5) Commenced operations on December 31, 2014. All ratios for the period have been annualized.

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

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

326 SEI Institutional Managed Trust / Annual Report / September 30, 2019

FINANCIAL HIGHLIGHTS/CONSOLIDATED FINANCIAL HIGHLIGHTS

For the years or period ended September 30, (unless otherwise indicated)

For a share outstanding throughout each period

	Net Asset Value, Beginning of Period			Net Investment Income (Loss)(1)			Net Realized and Unrealized Gains (Losses) on Investments(1)			Total from  Operations			Dividends from Net Investment Income			Distributions from Net Realized Capital Gains			Total Dividends and  Distributions			Net Asset Value, End of Period			Total  Return†			Net Assets End of Period  ($ Thousands)			Ratio of Net Expenses to Average Net Assets		Ratio of Expenses to Average Net Assets (Excluding  Fees Paid Indirectly and Including Waivers)			Ratio of Expenses to Average Net Assets (Excluding Fees Paid Indirectly and Waivers)			Ratio of Net Investment     Income (Loss) to Average Net Assets			Portfolio     Turnover Rate†
Conservative Income Fund
Class F
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
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
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
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, 2019 327

FINANCIAL HIGHLIGHTS/CONSOLIDATED FINANCIAL HIGHLIGHTS

For the years or period ended September 30, (unless otherwise indicated)

For a share outstanding throughout each period

	Net Asset Value, Beginning of Period			Net Investment Income (Loss)(1)				Net Realized and Unrealized         Gains (Losses) on Investments(1)				Total from     Operations				Dividends from Net     Investment Income				Distributions from Net Realized Capital Gains				Total Dividends and     Distributions			Net Asset Value, End of Period			Total          Return†			Net Assets End of Period ($ Thousands)			Ratio of Net Expenses to Average Net Assets			Ratio of Expenses to Average Net Assets (Excluding         Fees Paid Indirectly and Including Waivers)			Ratio of Expenses to Average         Net Assets (Excluding Fees Paid Indirectly and Waivers)			Ratio of Net Investment     Income (Loss) to Average Net Assets			Portfolio Turnover Rate†
Real Return Fund
Class F
2019		$	9.91		$	0.16			$	0.15			$	0.31			$	(0.26)			$	—			$	(0.26)		$	9.96		3.14	%		$	227,413		0.45	%		0.45	%		0.70	%		1.59	%		34	%
2018			10.03			0.25				(0.23	)			0.02				(0.14)				—				(0.14)			9.91		0.24				238,889		0.45			0.45			0.71			2.51			35
2017			10.14			0.11				(0.11	)			—				(0.11)	(2)			—				(0.11)			10.03		0.03				252,333		0.45			0.45			0.73			1.07			49
2016			9.91			—				0.23				0.23				—				—				—			10.14		2.32				291,380		0.47	(3)		0.47	(3)		0.82	(3)		(0.02	)		38
2015			10.08			(0.10	)			(0.06	)			(0.16	)			(0.01)				—				(0.01)			9.91		(1.57	)			263,888		0.45			0.45			0.80			(1.01	)		37
Class Y
2019		$	9.94		$	0.18			$	0.14			$	0.32			$	(0.26)			$	—			$	(0.26)		$	10.00		3.31	%		$	24,322		0.35	%		0.35	%		0.46	%		1.80	%		34	%
2018			10.06			0.26				(0.23	)			0.03				(0.15)				—				(0.15)			9.94		0.29				16,691		0.35			0.35			0.46			2.60			35
2017			10.17			0.12				(0.11	)			0.01				(0.12)	(2)			—				(0.12)			10.06		0.11				18,205		0.35			0.35			0.48			1.15			49
2016			9.92			0.01				0.24				0.25				—				—				—			10.17		2.52				28,835		0.37	(3)		0.37	(3)		0.57	(3)		0.07			38
2015(4)			9.91			(0.02	)			0.03				0.01				—				—				—			9.92		0.10				25,525		0.35			0.35			0.55			(0.27	)		37
Dynamic Asset Allocation Fund
Class F
2019		$	13.22		$	0.17			$	0.07			$	0.24			$	(0.23)			$	—			$	(0.23)		$	13.23		2.14	%		$	725,857		0.75	%		0.75	%		1.18	%		1.31	%		5	%
2018			12.10			0.17				1.15				1.32				(0.18)				(0.02	)			(0.20)			13.22		10.95				800,036		0.75			0.75			1.19			1.30			11
2017			10.18			0.15				1.87				2.02				(0.10)				—				(0.10)			12.10		19.95				696,463		0.75			0.75			1.18			1.30			3
2016			9.09			0.14				0.99				1.13				(0.04)				—				(0.04)			10.18		12.39				488,778		0.77	(3)		0.77	(3)		1.21	(3)		1.42			7
2015(5)			10.00			0.03				(0.94	)			(0.91	)			—				—				—			9.09		(9.10	)			21,514		0.75			0.75			1.25			1.62			2
Class Y
2019		$	13.25		$	0.19			$	0.08			$	0.27			$	(0.26)			$	—			$	(0.26)		$	13.26		2.43	%		$	70,477		0.50	%		0.50	%		0.93	%		1.51	%		5	%
2018			12.12			0.19				1.17				1.36				(0.21)				(0.02	)			(0.23)			13.25		11.26				78,280		0.50			0.50			0.93			1.51			11
2017			10.20			0.17				1.87				2.04				(0.12)				—				(0.12)			12.12		20.17				73,159		0.50			0.50			0.93			1.55			3
2016			9.09			0.16				0.99				1.15				(0.04)				—				(0.04)			10.20		12.67				48,523		0.52	(3)		0.52	(3)		0.96	(3)		1.66			7
2015(5)			10.00			0.03				(0.94	)			(0.91	)			—				—				—			9.09		(9.10	)			48,229		0.50			0.50			0.96			1.97			2

^†  Returns and portfolio turnover rates are for the period indicated and have not been annualized. Returns do not reflect the deduction of taxes the shareholder would pay on fund distributions or redemption of fund shares.

(1) Per share net investment income and net realized and unrealized gains (losses) calculated using average shares.

(2) Includes return of capital of $0.01.

(3) The expense ratio includes proxy expenses outside of the cap.

(4) Commenced operations on December 31, 2014. All ratios for the period have been annualized.

(5) Commenced operations on July 30, 2015. All ratios for the period have been annualized.

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

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

328 SEI Institutional Managed Trust / Annual Report / September 30, 2019

FINANCIAL HIGHLIGHTS/CONSOLIDATED FINANCIAL HIGHLIGHTS

For the years or period ended September 30, (unless otherwise indicated)

For a share outstanding throughout each period

	Net Asset Value, Beginning of Period			Net Investment Income (Loss)(1)				Net Realized and Unrealized         Gains (Losses) on Investments(1)				Total from  Operations				Dividends from Net Investment Income			Distributions from Net Realized Capital Gains				Total Dividends and  Distributions			Net Asset Value, End of Period			Total       Return†			Net Assets End of Period  ($ Thousands)			Ratio of Net Expenses to Average Net Assets			Ratio of Expenses to Average Net Assets (Excluding         Fees Paid Indirectly and Including Waivers)			Ratio of Expenses to Average         Net Assets (Excluding Fees Paid Indirectly and Waivers)			Ratio of Net Investment     Income (Loss) to Average Net Assets			Portfolio  Turnover Rate†
Multi-Strategy Alternative Fund
Class F
2019		$	10.10		$	0.14			$	(0.18	)		$	(0.04	)		$	(0.16)		$	(0.29	)		$	(0.45)		$	9.61		(0.18	)%		$	472,129		1.44	%(2)		1.44	%(2)		2.38	%(2)		1.24	%		315	%
2018			10.11			0.07				0.14				0.21				(0.02)			(0.20	)			(0.22)			10.10		2.11				509,559		1.41	(3)		1.41	(3)		2.41	(3)		0.72			266	(4)
2017			9.67			(0.01	)			0.46				0.45				(0.01)			—				(0.01)			10.11		4.62				508,046		1.41	(5)		1.41	(5)		2.44	(5)		(0.12	)		215	(4)
2016			9.60			0.09				0.23				0.32				(0.15)			(0.10	)			(0.25)			9.67		3.40				573,752		1.12	(6)(7)		1.12	(6)(7)		2.39	(6)(7)		0.95			149
2015			10.05			0.19				(0.48	)			(0.29	)			(0.16)			—				(0.16)			9.60		(2.98	)			527,792		0.49			0.49			2.08			1.88			35
Class Y
2019		$	10.11		$	0.13			$	(0.15	)		$	(0.02	)		$	(0.19)		$	(0.29	)		$	(0.48)		$	9.61		(0.01	)%		$	9,821		1.20	%(8)		1.20	%(8)		2.15	%(8)		1.11	%		315	%
2018			10.12			0.10				0.14				0.24				(0.05)			(0.20	)			(0.25)			10.11		2.36				5,951		1.16	(9)		1.16	(9)		2.16	(9)		0.95			266	(4)
2017			9.68			0.03				0.44				0.47				(0.03)			—				(0.03)			10.12		4.79				4,841		1.14	(10)		1.14	(10)		2.16	(10)		0.34			215	(4)
2016			9.60			—				0.36				0.36				(0.18)			(0.10	)			(0.28)			9.68		3.77				1,352		0.96	(6)(11)		0.96	(6)(11)		2.18	(6)(11)		–			149
2015(12)			9.97			0.04				(0.41	)			(0.37	)			—			—				—			9.60		(3.71	)			19		0.25			0.25			1.83			1.03			35
Multi-Asset Accumulation Fund
Class F
2019		$	9.81		$	0.08			$	1.03			$	1.11			$	(0.27)		$	(0.02	)		$	(0.29)		$	10.63		11.94	%		$	2,659,785		1.17	%		1.17	%		1.30	%		0.80	%		63	%
2018			10.01			0.06				0.24				0.30				—			(0.50	)			(0.50)			9.81		2.93				2,655,399		1.17			1.17			1.29			0.64			11
2017			10.31			(0.01	)			0.39				0.38				(0.07)			(0.61	)			(0.68)			10.01		4.33				2,468,847		1.17			1.17			1.31			(0.12	)		28
2016			9.53			(0.05	)			1.10				1.05				—			(0.27	)			(0.27)			10.31		11.36				2,076,240		1.19	(6)		1.19	(6)		1.35	(6)		(0.50	)		55
2015			10.89			(0.09	)			(0.28	)			(0.37	)			(0.11)			(0.88	)			(0.99)			9.53		(3.98	)			1,803,619		1.17			1.17			1.33			(0.85	)		94
Class Y
2019		$	9.88		$	0.07			$	1.06			$	1.13			$	(0.29)		$	(0.02	)		$	(0.31)		$	10.70		12.16	%		$	220,654		0.92	%		0.92	%		1.05	%		0.66	%		63	%
2018			10.06			0.05				0.27				0.32				—			(0.50	)			(0.50)			9.88		3.13				228,037		0.92			0.92			1.04			0.52			11
2017			10.36			—				0.41				0.41				(0.10)			(0.61	)			(0.71)			10.06		4.55				237,569		0.92			0.92			1.06			(0.03	)		28
2016			9.55			(0.03	)			1.11				1.08				—			(0.27	)			(0.27)			10.36		11.66				202,865		0.94	(6)		0.94	(6)		1.10	(6)		(0.33	)		55
2015(13)			10.11			(0.08	)			(0.48	)			(0.56	)			—			—				—			9.55		(5.54	)			202,311		0.92			0.92			1.08			(1.04	)		94

^†  Returns and portfolio turnover rates are for the period indicated and have not been annualized. Returns do not reflect the deduction of taxes the shareholder would pay on fund distributions or redemption of fund shares.

(1) Per share net investment income and net realized and unrealized gains (losses) calculated using average shares.

(2) The expense ratio includes dividend and interest expense, and other expenses outside the cap. Had this expense been excluded the ratios would have been 1.20%, 1.20%, and 2.14%.

(3) The expense ratio includes dividend and interest expense, and other expenses outside the cap. Had this expense been excluded the ratios would have been 1.09%, 1.09%, and 2.09%.

(4) The portfolio turnover rate in 2017 and 2018 have been changed from 37% to 215% and 373% to 266%, respectively.

(5) The expense ratio includes dividend and interest expense, and other expenses outside the cap. Had this expense been excluded the ratios would have been 1.06%, 1.06%, and 2.09%.

(6) The expense ratio includes proxy expenses outside of the cap.

(7) The expense ratio includes dividend and interest expense, and other expenses outside the cap. Had this expense been excluded the ratios would have been 0.85%, 0.85%, and 2.12%.

(8) The expense ratio includes dividend and interest expense, and other expenses outside the cap. Had this expense been excluded the ratios would have been 0.96%, 0.96%, and 1.91%.

(9) The expense ratio includes dividend and interest expense, and other expenses outside the cap. Had this expense been excluded the ratios would have been 0.84%, 0.84% and 1.84%.

(10) The expense ratio includes dividend and interest expense, and other expenses outside the cap. Had this expense been excluded the ratios would have been 0.79%, 0.79%, and 1.98%.

(11) The expense ratio includes dividend and interest expense, and other expenses outside the cap. Had this expense been excluded the ratios would have been 0.69%, 0.69%, and 1.91%.

(12) Commenced operations on April 30, 2015. All ratios for the period have been annualized.

(13) Commenced operations on December 31, 2014. All ratios for the period have been annualized.

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, 2019 329

FINANCIAL HIGHLIGHTS/CONSOLIDATED FINANCIAL HIGHLIGHTS

For the years or period ended September 30, (unless otherwise indicated)

For a share outstanding throughout each period

	Net Asset Value, Beginning of Period			Net Investment Income (Loss)(1)			Net Realized and Unrealized         Gains (Losses) on Investments(1)				Total from  Operations				Dividends from Net Investment Income				Distributions from Net Realized Capital Gains				Total Dividends and Distributions			Net Asset Value, End of Period			Total       Return†			Net Assets End of Period  ($ Thousands)			Ratio of Net Expenses to Average Net Assets			Ratio of Expenses to Average Net Assets (Excluding         Fees Paid Indirectly and Including Waivers)			Ratio of Expenses to Average         Net Assets (Excluding Fees Paid Indirectly and Waivers)			Ratio of Net Investment     Income (Loss) to Average Net Assets			Portfolio  Turnover Rate†
Multi-Asset Income Fund
Class F
2019		$	10.61		$	0.45		$	0.41			$	0.86			$	(0.40	)		$	—			$	(0.40)		$	11.07		8.29	%		$	816,056		0.80	%		0.80	%		1.20	%		4.15	%		76	%
2018			10.88			0.40			(0.24	)			0.16				(0.34	)(2)			(0.09	)			(0.43)			10.61		1.56				815,020		0.80			0.80			1.21			3.78			119
2017			10.56			0.48			0.24				0.72				(0.40)				—				(0.40)			10.88		6.90				813,767		0.80			0.80			1.21			4.47			77
2016			10.46			0.50			0.23				0.73				(0.53)				(0.10	)			(0.63)			10.56		7.38				643,477		0.82	(3)(4)		0.82	(3)(4)		1.23	(3)(4)		4.85			72
2015			10.60			0.54			(0.19	)			0.35				(0.44)				(0.05	)			(0.49)			10.46		3.33				615,259		0.85	(5)		0.85	(5)		1.25	(5)		5.06			109
Class Y
2019		$	10.61		$	0.46		$	0.41			$	0.87			$	(0.41)			$	—			$	(0.41)		$	11.07		8.39	%		$	161,776		0.70	%		0.70	%		0.95	%		4.25	%		76	%
2018			10.88			0.41			(0.24	)			0.17				(0.35)	(2)			(0.09	)			(0.44)			10.61		1.66				175,431		0.70			0.70			0.96			3.88			119
2017			10.56			0.49			0.24				0.73				(0.41)				—				(0.41)			10.88		7.00				166,980		0.70			0.70			0.96			4.60			77
2016			10.46			0.52			0.22				0.74				(0.54)				(0.10	)			(0.64)			10.56		7.49				97,943		0.72	(3)(6)		0.72	(3)(6)		0.98	(3)(6)		5.08			72
2015(7)			10.62			0.45			(0.26	)			0.19				(0.35)				—				(0.35)			10.46		1.81				33,224		0.76	(8)		0.76	(8)		1.00	(8)		5.60			109
Multi-Asset Inflation Managed Fund
Class F
2019		$	8.49		$	0.14		$	(0.20	)		$	(0.06	)		$	(0.15)			$	—			$	(0.15)		$	8.28		(0.62	)%		$	798,451		1.52	%(9)		1.52	%(9)		1.76	%(9)		1.68	%		30	%
2018			8.52			0.17			(0.08	)			0.09				(0.12)				—				(0.12)			8.49		1.04				860,457		1.52	(9)		1.52	(9)		1.76	(9)		1.97			32
2017			8.80			0.09			(0.27	)			(0.18	)			(0.10)				—				(0.10)			8.52		(2.07	)			821,191		1.33	(9)		1.33	(9)		1.56	(9)		1.01			68
2016			8.75			0.05			0.04				0.09				(0.04)				—				(0.04)			8.80		1.06				990,931		1.23	(3)(9)		1.23	(3)(9)		1.46	(3)(9)		0.59			73
2015			9.39			—			(0.64	)			(0.64	)			—				—				—			8.75		(6.82	)			924,048		1.11	(10)		1.11	(10)		1.34	(10)		(0.05	)		115
Class Y
2019		$	8.50		$	0.13		$	(0.17	)		$	(0.04	)		$	(0.17)			$	—			$	(0.17)		$	8.29		(0.35	)%		$	55,857		1.27	%(11)		1.27	%(11)		1.51	%(11)		1.56	%		30	%
2018			8.53			0.16			(0.05	)			0.11				(0.14)				—				(0.14)			8.50		1.29				63,546		1.27	(11)		1.27	(11)		1.50	(11)		1.90			32
2017			8.82			0.10			(0.26	)			(0.16	)			(0.13)				—				(0.13)			8.53		(1.90	)			68,506		1.08	(11)		1.08	(11)		1.32	(11)		1.13			68
2016			8.77			0.07			0.04				0.11				(0.06)				—				(0.06)			8.82		1.30				89,261		0.98	(3)(11)		0.98	(3)(11)		1.21	(3)(11)		0.79			73
2015(7)			8.96			0.04			(0.23	)			(0.19	)			—				—				—			8.77		(2.12	)			83,248		0.92	(12)		0.92	(12)		1.15	(12)		0.53			115

^†  Returns and portfolio turnover rates are for the period indicated and have not been annualized. Returns do not reflect the deduction of taxes the shareholder would pay on fund distributions or redemption of fund shares.

(1) Per share net investment income and net realized and unrealized gains (losses) calculated using average shares.

(2) Includes return of capital of $0.02.

(3) The expense ratio includes proxy expenses outside of the cap.

(4) The expense ratio includes interest expense. Had this expense been excluded the ratios would have been 0.80%, 0.80%, and 1.21%.

(5) The expense ratio includes interest expense. Had this expense been excluded the ratios would have been 0.80%, 0.80%, and 1.20%.

(6) The expense ratio includes interest expense. Had this expense been excluded the ratios would have been 0.70%, 0.70%, and 0.96%.

(7) Commenced operations on December 31, 2014. All ratios for the period have been annualized.

(8) The expense ratio includes interest expense. Had this expense been excluded the ratios would have been 0.70%, 0.70%, and 0.95%.

(9) The expense ratio includes dividend and interest expense, and other expenses outside the cap. Had this expense been excluded the ratios would have been 0.90%, 0.90%, and 1.14%.

(10) The expense ratio includes interest and dividend expense. Had this expense been excluded the ratios would have been 0.95%, 0.95%, and 1.18%.

(11) The expense ratio includes dividend and interest expense, and other expenses outside the cap. Had this expense been excluded the ratios would have been 0.65%, 0.65%, and 0.89%.

(12) The expense ratio includes dividend and interest expense. Had this expense been excluded the ratios would have been 0.70%, 0.70%, and 0.93%.

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

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

330 SEI Institutional Managed Trust / Annual Report / September 30, 2019

FINANCIAL HIGHLIGHTS/CONSOLIDATED FINANCIAL HIGHLIGHTS

For the years or period ended September 30, (unless otherwise indicated)

For a share outstanding throughout each period

	Net Asset Value, Beginning of Period			Net Investment Income (Loss)(1)				Net Realized and Unrealized         Gains (Losses) on Investments(1)			Total from  Operations			Dividends from Net Investment Income			Distributions from Net Realized Capital Gains				Total Dividends and  Distributions			Net Asset Value, End of Period			Total       Return†			Net Assets End of Period ($ Thousands)			Ratio of Net Expenses to Average Net Assets			Ratio of Expenses to Average Net Assets (Excluding         Fees Paid Indirectly and Including Waivers)			Ratio of Expenses to Average         Net Assets (Excluding Fees Paid Indirectly and Waivers)			Ratio of Net Investment     Income (Loss) to Average Net Assets			Portfolio  Turnover Rate†
Multi-Asset Capital Stability Fund
Class F
2019		$	10.05		$	0.15			$	0.24		$	0.39		$	(0.05)		$	—			$	(0.05)		$	10.39		3.94	%		$	684,753		0.62	%		0.62	%		0.98	%		1.45	%		128	%
2018			10.25			0.09				0.09			0.18			(0.20)			(0.18	)			(0.38)			10.05		1.75				682,982		0.62			0.62			0.98			0.88			228
2017			10.14			—				0.18			0.18			(0.02)			(0.05	)			(0.07)			10.25		1.78				694,247		0.62			0.62			0.98			0.02			159
2016			10.11			(0.01	)			0.16			0.15			—			(0.12	)			(0.12)			10.14		1.47				658,185		0.64	(2)		0.64	(2)		1.00	(2)		(0.07	)		234
2015			10.25			(0.04	)			0.09			0.05			—			(0.19	)			(0.19)			10.11		0.57				565,709		0.62			0.62			0.98			(0.39	)		227
Class Y
2019		$	10.07		$	0.16			$	0.24		$	0.40		$	(0.06)		$	—			$	(0.06)		$	10.41		4.04	%		$	47,957		0.52	%		0.52	%		0.73	%		1.55	%		128	%
2018			10.27			0.10				0.09			0.19			(0.21)			(0.18	)			(0.39)			10.07		1.84				44,681		0.52			0.52			0.73			0.97			228
2017			10.16			0.01				0.17			0.18			(0.02)			(0.05	)			(0.07)			10.27		1.88				50,346		0.52			0.52			0.73			0.11			159
2016			10.12			—				0.16			0.16			—			(0.12	)			(0.12)			10.16		1.57				51,496		0.54	(2)		0.54	(2)		0.75	(2)		0.02			234
2015(3)			10.06			(0.02	)			0.08			0.06			—			—				—			10.12		0.60				50,662		0.52			0.52			0.74			(0.30	)		227

^†  Returns and portfolio turnover rates are for the period indicated and have not been annualized. Returns do not reflect the deduction of taxes the shareholder would pay on fund distributions or redemption of fund shares.

(1) Per share net investment income and net realized and unrealized gains (losses) calculated using average shares.

(2) The expense ratio includes proxy expenses outside of the cap.

(3) Commenced operations on December 31, 2014. All ratios for the period have been annualized.

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

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

SEI Institutional Managed Trust / Annual Report / September 30, 2019 331

Notes to Financial Statements/Consolidated Notes to Financial Statements

September 30, 2019

1. ORGANIZATION

SEI Institutional Managed Trust (the “Trust”) is organized as a Massachusetts business trust under a Declaration of Trust dated October 20, 1986.

The Trust is registered under the Investment Company Act of 1940, as amended, as an open-end investment company with 27 funds: Large Cap, Large Cap Value, Large Cap Growth, Large Cap Index (commenced operations on January 31, 2018), Tax-Managed Large Cap, S&P 500 Index, Small Cap, Small Cap Value, Small Cap Growth, Tax-Managed Small/Mid Cap, Mid-Cap, U.S. Managed Volatility, Global Managed Volatility, Tax-Managed Managed Volatility, Tax-Managed International Managed Volatility, Real Estate, Core Fixed Income, High Yield Bond, Conservative Income, Tax-Free Conservative Income, Real Return, Dynamic Asset Allocation, Multi-Strategy Alternative, Multi-Asset Accumulation, Multi-Asset Income, Multi-Asset Inflation Managed, and Multi-Asset Capital Stability (each a “Fund,” collectively the “Funds”) each of which are diversified Funds, with the exception of the Multi-Asset Accumulation and Multi-Asset Inflation Managed Funds.

The Dynamic Commodity Strategy Subsidiary, Ltd., the Accumulation Commodity Strategy Subsidiary, Ltd. and the Inflation Commodity Strategy Subsidiary, Ltd. are wholly-owned subsidiaries of the Dynamic Asset Allocation, Multi-Asset Accumulation and Multi-Asset Inflation Managed Funds, respectively, (each a “Subsidiary”, collectively the “Subsidiaries”). Each Subsidiary is organized under the laws of the Cayman Islands as an exempt limited company. Information regarding the Dynamic Asset Allocation, Multi-Asset Accumulation and Multi-Asset Inflation Managed Funds and their respective subsidiaries have been consolidated in the Consolidated Schedules of Investments, Consolidated Statements of Assets and Liabilities, Consolidated Statements of Operations, Consolidated Statements of Changes in Net Assets and Consolidated Statement of Cash Flows.

The Trust is registered to offer: Class F shares of the Funds and Class Y shares of the Funds except for the Large Cap Index and S&P 500 Index Funds; Class I shares of the Large Cap, Large Cap Value, Large Cap Growth, S&P 500 Index, Small Cap, Small Cap Value, Small Cap Growth, Mid-Cap, U.S. Managed Volatility, Global Managed Volatility, Real Estate, Core Fixed Income, High Yield Bond and Real Return Funds. The assets of each Fund are segregated, and a shareholder’s interest is limited to the Fund in which shares are held. Each Fund’s prospectus provides a description of its investment goal and its principal investment strategies and risks.

On January 25, 2018, the Trust’s Board of Trustees approved the merger of Class E shares and Class Y shares into Class F shares of the S&P 500 Index Fund effective April 20, 2018.

The Long/Short Alternative Fund liquidated all assets on September 26, 2019. The Enhanced Income Fund Liquidated all assets on May 13, 2019.

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.

332 SEI Institutional Managed Trust / Annual Report / September 30, 2019

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 and Procedures (“Fair Value Procedures”), as described below.

On the first day a new debt security purchase is recorded, if a price is not available from a third-party pricing agent or an independent broker, the security may be valued at its purchase price. Each day thereafter, the debt security will be valued according to the Funds’ Fair Value Procedures until a price from an independent source can be secured. Securities held by a Fund with remaining maturities of 60 days or less may be valued by the amortized cost method, which involves valuing a security at its cost on the date of purchase and thereafter (absent unusual circumstances) assuming a constant amortization to maturity of any discount or premium, regardless of the impact of fluctuations in general market rates of interest on the value of the instrument. While this method provides certainty in valuation, it may result in periods during which value, as determined by this method, is higher or lower than the price a Fund would receive if it sold the instrument. Further, the value of securities in the Fund can be expected to vary inversely with changes in prevailing interest rates. Should existing credit, liquidity or interest rate conditions in the relevant markets and issuer-specific circumstances suggest that amortized cost does not approximate fair value, then the amortized cost method may not be used.

Options are valued at the last quoted sales price. If there is no such reported sale on the valuation date, long positions are valued at the most recent bid price, and short positions are valued at the most recent ask price.

Futures and swaps cleared through a central clearing house (“centrally cleared swaps”) are valued at the settlement price established each day by the board of exchange on which they are traded. The daily settlement prices for financial futures and centrally cleared swaps are provided by an independent source. On days when there is excessive volume, market volatility or the future or centrally cleared swap does not end trading by the time a Fund calculates its NAV, the settlement price may not be available at the time at which the Fund calculates its NAV. On such days, the best available price (which is typically the last sales price) may be used to value a Fund’s futures or centrally cleared swaps position.

Foreign currency forward contracts are valued at the current day’s interpolated foreign exchange rate,

as calculated using forward rates provided by an independent source.

Prices for most securities held by a Fund are provided daily by third party independent pricing agents. SEI Investments Management Corporation (“SIMC”) or a Sub-Adviser (“Sub-Adviser”), as applicable, reasonably believes that prices provided by independent pricing agents are reliable. However, there can be no assurance that such pricing service’s prices will be reliable. SIMC or a Sub-Adviser, as applicable, will continuously monitor the reliability of prices obtained from any pricing service and shall promptly notify the Funds’ administrator if it believes that a particular pricing service is no longer a reliable source of prices. The Funds’ administrator, in turn, will notify the Fair Value Pricing Committee (the “Committee”) if it receives such notification from SIMC or a Sub-Adviser, as applicable, or if the Funds’ administrator reasonably believes that a particular pricing service is no longer a reliable source for prices.

The Funds’ Fair Value Procedures provide that any change in a primary pricing agent or a pricing methodology requires prior approval by the Board of Trustees (“Board”) or its designated sub-committee. However, when the change would not materially affect valuation of a Fund’s net assets or involve a material departure in pricing methodology from that of the Fund’s existing pricing agent or pricing methodology, approval may be obtained at the next regularly scheduled meeting of the Board.

Securities for which market prices are not readily available, for which market prices are determined to be unreliable, or which cannot be valued using the methodologies described above are valued in accordance with the Fair Value Procedures established by the Board. The Funds’ Fair Value Procedures are implemented through the Committee designated by the Board. The Committee is currently composed of two members of the Board, as well as representatives from SIMC and its affiliates. Some of the more common reasons that may necessitate that a security be valued using Fair Value Procedures include: (i) the security’s trading has been halted or suspended, (ii) the security has been delisted from a national exchange, (iii) the security’s primary trading market is temporarily closed at a time when under normal conditions it would be open, or (iv) the security’s primary pricing source is not able or willing to provide a price. When a security is valued in accordance with the Fair Value Procedures, the Committee will determine the value after taking into consideration relevant information reasonably available to the Committee. Examples of factors the Committee may consider include: (i) the facts giving rise to the need to fair value, (ii) the last trade price, (iii) the performance

SEI Institutional Managed Trust / Annual Report / September 30, 2019 333

Notes to Financial Statements/Consolidated Notes to Financial Statements (Continued)

September 30, 2019

of the market or the issuer’s industry, (iv) the liquidity of the security, (v) the size of the holding in a Fund, or (vi) any other appropriate information.

The determination of a security’s fair value price often involves the consideration of a number of subjective factors, and is therefore subject to the unavoidable risk that the value assigned to a security may be higher or lower than the security’s value would be if a reliable market quotation for the security was readily available.

For securities that principally trade on a foreign market or exchange, a significant gap in time can exist between the time of a particular security’s last trade and the time at which a Fund calculates its Net Asset Value (“NAV”). The closing prices of such securities may no longer reflect their market value at the time a Fund calculates NAV if an event that could materially affect the value of those securities (a “Significant Event”), including substantial fluctuations in domestic or foreign markets or occurrences not tied directly to the securities markets, such as natural disasters, armed conflicts or significant governmental actions, has occurred between the time of the security’s last close and the time that the Fund calculates its NAV. A Fund may invest in securities that are primarily listed on foreign exchanges that trade on weekends or other days when the Fund does not price its shares. As a result, the NAV of the Fund’s shares may change on days when shareholders will not be able to purchase or redeem Fund shares.

A Significant Event may relate to a single issuer or to an entire market sector. If SIMC or a Sub-Adviser becomes aware of a Significant Event that has occurred with respect to a security or group of securities after the closing of the exchange or market on which the security or securities principally trade, but before the time at which the Funds calculate NAV, it may request that a Committee meeting be called. In addition, the Funds use several processes, with respect to certain securities to monitor the pricing data supplied by various sources, including price comparisons and price movements. Any identified discrepancies are researched and subject to the procedures described above.

The Global Managed Volatility Fund and the Tax-Managed International Managed Volatility Fund both use a third-party fair valuation vendor. The vendor provides a fair value for foreign securities held by the Fund based on certain factors and methodologies (involving, generally, tracking valuation correlations between the U.S. market and each non-U.S. security). Values from the fair value vendor are applied in the event that there is a movement in the U.S. market that exceeds a specific threshold that has been established by the Committee. The Committee has also established a “confidence interval” which is used to determine the

level of historical correlation between the value of a specific foreign security and movements in the U.S. market before a particular security will be fair valued when the threshold is exceeded. In the event that the threshold established by the Committee is exceeded on a specific day, the Global Managed Volatility Fund will value the non-U.S. securities in its portfolio that exceed the applicable “confidence interval” based upon the adjusted prices provided by the fair valuation vendor.

In accordance with U.S. GAAP, fair value is defined as the price that a Fund would receive upon selling an investment in an orderly transaction to an independent buyer in the principal or most advantageous market of the investment. A three-tier hierarchy has been established to maximize the use of observable and minimize the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes. Inputs refer broadly to the assumptions that market participants would use in pricing an asset. Inputs may be observable or unobservable. Observable inputs are inputs that reflect the assumptions market participants would use in pricing the asset or liability based on market data obtained from sources independent of the reporting entity. Unobservable inputs are inputs that reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability based on the best information available in the circumstances.

The three-tier hierarchy of inputs is summarized in the three broad Levels listed below:

Level 1 — quoted prices in active markets for identical investments

Level 2 — other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risks, etc.)

Level 3 — significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of investments)

Investments are classified within the level of the lowest significant input considered in determining fair value. Investments classified within Level 3 whose fair value measurement considers several inputs may include Level 1 or Level 2 inputs as components of the overall fair value measurement.

Debt securities are valued in accordance with the evaluated bid price supplied by the pricing service and generally categorized as Level 2 in the hierarchy. Other securities that are categorized as Level 2 in the hierarchy include, but are not limited to, preferred stocks, bank loans, warrants, swaps and forward contracts. The Fund may use a systematic fair valuation

334 SEI Institutional Managed Trust / Annual Report / September 30, 2019

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 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, 2019, 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, 2019, 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/

SEI Institutional Managed Trust / Annual Report / September 30, 2019 335

Notes to Financial Statements/Consolidated Notes to Financial Statements (Continued)

September 30, 2019

losses and non class-specific expenses are allocated to the respective class on the basis of relative daily net assets.

Expenses — Expenses that are directly related to a Fund are charged directly to that Fund. Other operating expenses of the Funds are prorated to the Funds on the basis of relative daily net assets.

Commodity-Linked Investments — To the extent consistent with its Investment Objective and Strategies, the Multi-Asset Accumulation Fund, Multi-Asset Inflation Managed and Dynamic Asset Allocation Fund may invest in commodity investments to provide exposure to the investment returns of the commodities markets. Commodity investments include notes with interest payments that are tied to an underlying commodity or commodity index, ETFs or other exchange-traded products that are tied to the performance of a commodity or commodity index or other types of investment vehicles or instruments that provide returns that are tied to commodities or commodity indices. The Multi-Asset Accumulation, Multi-Asset Inflation Managed and Dynamic Asset Allocation Funds may also invest in equity securities of issuers in commodity-related industries.

The Multi-Asset Accumulation, Multi-Asset Inflation Managed and Dynamic Asset Allocation Funds may also seek to gain exposure to the commodity markets, in whole or in part, through investments in a wholly owned Subsidiary. A Subsidiary, unlike the Fund, may invest to a significant extent directly in commodities and in equity-linked securities and commodity-linked derivative instruments, including options, futures contracts, swaps, options on futures contracts and commodity-linked structured notes. A Subsidiary may also invest in other instruments in which the Fund is permitted to invest, either as investments or to serve as margin or collateral for its derivative positions. A Fund may invest up to 25% of its total assets in its Subsidiary.

In order for a Fund to qualify as a regulated investment company under Subchapter M of the Code, the Fund must derive at least 90% of its gross income each taxable year from qualifying income. The status of certain commodity-linked derivative instruments as qualifying income has been addressed in Revenue Ruling 2006-1 and Revenue Ruling 2006-31 which provide that income from certain commodity-linked derivative instruments in which the Fund invests will not be considered qualifying income. To the extent the Multi-Asset Accumulation, Multi-Asset Inflation Managed, and Dynamic Asset Allocation Funds invest in such instruments directly, each Fund will seek to restrict its income from commodity-linked derivative instruments that do not generate qualifying income, such

as commodity-linked swaps, to a maximum of 10% of its gross income (when combined with its other investments that produce non-qualifying income).

Foreign Currency Translation — The books and records of the Funds are maintained in U.S. dollars on the following basis:

(I) market value of investment securities, assets and liabilities at the current rate of exchange; and

(II) purchases and sales of investment securities, income and expenses at the relevant rates of exchange prevailing on the respective dates of such transactions.

The Funds do not isolate that portion of gains and losses on investments in investment securities that is due to changes in the foreign exchange rates from that which is due to changes in market prices of investment securities.

The Funds report certain foreign-currency-related transactions as components of realized gains for financial reporting purposes, whereas such components are treated as ordinary income for Federal income tax purposes.

Forward Foreign Currency Contracts — To the extent consistent with its Investment Objective and Strategies, a Fund may enter into forward foreign currency 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, 2019, if applicable.

Futures Contracts — To the extent consistent with its Investment Objective and Strategies, a Fund may use futures contracts for tactical hedging purposes

336 SEI Institutional Managed Trust / Annual Report / September 30, 2019

as well as to enhance the Fund’s returns. In addition, fixed income funds will utilize futures contracts to help manage duration and yield curve exposure. Initial margin deposits of cash or securities are made upon entering into futures contracts. The contracts are marked to market daily and the resulting changes in value are accounted for as unrealized gains and losses. Variation margin payments are paid or received, depending upon whether unrealized gains or losses are incurred. When the contract is closed, the Funds record a realized gain or loss equal to the difference between the proceeds from (or cost of) the closing transaction and the amount invested in the contract.

Risks of entering into futures contracts include the possibility that there will be an imperfect price correlation between the futures and the underlying securities. Second, it is possible that a lack of liquidity for futures contracts could exist in the secondary market, resulting in an inability to close a position prior to its maturity date. Third, the futures contract involves the risk that the Fund could lose more than the original margin deposit required to initiate a futures transaction.

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, 2019, 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

SEI Institutional Managed Trust / Annual Report / September 30, 2019 337

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September 30, 2019

they may not work as intended due to unanticipated developments in market conditions or other causes.

Finally, the risk exists that losses on written options could exceed amounts disclosed on the Statements of Assets and Liabilities. Refer to each Fund’s Schedule of Investments, Summary Schedule of Investments or Consolidated Schedule of Investments for details regarding open option/swaption contracts as of September 30, 2019, 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, 2019, 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

338 SEI Institutional Managed Trust / Annual Report / September 30, 2019

payments of interest are recorded as realized gains or losses. Daily changes in valuation of Centrally Cleared swaps, if any, are recorded as a receivable or payable for the change in value as appropriate (“variation margin”) on the Statements of Assets and Liabilities or Consolidated Statement of Assets and Liabilities.

Entering into swap agreements involves, to varying degrees, elements of credit and market risk in excess of the amounts recognized on the Statement of Assets and Liabilities or Consolidated Statement of Assets and Liabilities. Such risks involve the possibility that there will be no liquid market for these agreements, that the counterparty to the agreement may default on its obligation to perform and that there may be unfavorable changes in the fluctuation of interest rates. Risks also arise from potential losses from adverse market movements.

This risk is mitigated by having a master netting arrangement between a Fund and the counterparty and by having the counterparty post collateral to cover a Fund’s exposure to the counterparty. See Note 3 for further details. Refer to each Fund’s Schedule of Investments, Summary Schedule of Investments or Consolidated Schedule of Investments for details regarding open swap agreements as of September 30, 2019, 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

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September 30, 2019

from the collateral supporting the debt obligation in which it has purchased the participation. As a result, a Fund will assume the credit risk of both the borrower and the institution selling the participation to the Fund. The interest rate indicated in the Fund’s Schedule of Investments is the rate in effect at September 30, 2019. Pursuant to the terms of certain loan agreements, the Funds may hold unfunded commitments in loan participations which are disclosed on the Statement of Assets and Liabilities. Unfunded commitments represent the remaining obligation of the Fund to the borrower. At any point in time, up to the maturity date of the issue, the borrower may demand the unfunded portion. Unfunded amounts, if any, are marked to market and any unrealized gains or losses are recorded in the Statement of Assets and Liabilities. The Funds disclosed consent fees and amendment income in the Statement of Operations as “Interest income”.

Certain debt obligations, customarily referred to as “Brady Bonds,” are created through the exchange of existing commercial bank loans to foreign entities for new obligations in connection with debt restructuring under a plan introduced by former U.S. Secretary of the Treasury Nicholas F. Brady. Brady Bonds have only been issued since 1989, and, accordingly, do not have a long payment history. They are issued by governments that may have previously defaulted on the loans being restructured by the Brady Bonds, so they are subject to the risk of default by the issuer. They may be fully or partially collateralized or uncollateralized and issued in various currencies.

Collateralized Debt Obligations — To the extent consistent with its Investment Objective and Strategies, a Fund may invest in collateralized debt obligations (“CDOs”), which include collateralized loan obligations (“CLOs”) and other similarly structured securities. CLOs are a type of asset-backed securities. A CLO is a trust typically collateralized by a pool of loans, which may include, among others, domestic and foreign senior secured loans, senior unsecured loans, and subordinate corporate loans, including loans that may be rated below investment grade or equivalent unrated loans. CDOs may charge management fees and administrative expenses.

For CDOs, the cash flows from the trust are split into two or more portions, called tranches, varying in risk and yield. The riskiest portion is the “equity” tranche which bears the bulk of defaults from the bonds or loans in the trust and serves to protect the other, more

senior tranches from default in all but the most severe circumstances. Since it is partially protected from defaults, a senior tranche from a CDO trust typically has a higher rating and lower yield than its underlying securities, and can be rated investment grade. Despite the protection from the equity tranche, CDO tranches can experience substantial losses due to actual defaults, increased sensitivity to defaults due to collateral default and disappearance of protecting tranches, market anticipation of defaults, as well as aversion to CDO securities as a class.

The risks of an investment in a CDO depend largely on its Class and its collateral securities. Normally, CLOs and other CDOs are privately offered and sold, and thus, are not registered under the securities laws. As a result, investments in CDOs may be characterized by the Funds as illiquid securities; however, an active dealer market may exist for CDOs, allowing a CDO to qualify for Rule 144A transactions. In addition to the normal risks associated with fixed income securities (e.g., interest rate risk and default risk), CDOs carry additional risks including, but not limited to: (i) the possibility that distributions from collateral securities will not be adequate to make interest or other payments; (ii) the quality of the collateral may decline in value or default; (iii) the Funds may invest in CDOs that are subordinate to other classes; and (iv) the complex structure of the security may not be fully understood at the time of investment and may produce disputes with the issuer or unexpected investment results.

Illiquid Securities — A security is considered illiquid if it cannot be sold or disposed of in the ordinary course of business within seven days or less for its approximate carrying value on the books of a Fund. Valuations of illiquid securities may differ significantly from the values that would have been used had an active market value for these securities existed.

Restricted Securities — At September 30, 2019, 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.

The acquisition dates of these investments, the enforceable right to acquire these securities, along with their cost and values at September 30, 2019, were as follows:

340 SEI Institutional Managed Trust / Annual Report / September 30, 2019

	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	$	—	$	58		—%
High Yield Bond Fund
Aventine (Escrow Security)		$      2,750		11/30/10		11/30/10	$	—	$	—		—%
CUI Acquisition		3		8/27/14		8/27/14		270		—		—%

Dividends and Distributions to Shareholders — Dividends from net investment income are declared and paid to shareholders quarterly for the Large Cap, Large Cap Value, Large Cap Growth, Large Cap Index, Tax-Managed Large Cap, S&P 500 Index, Small Cap, Small Cap Value, Small Cap Growth, Tax-Managed Small/Mid Cap, Mid-Cap, U.S. Managed Volatility, Tax-Managed Managed Volatility, Real Estate and Real Return Funds; are declared and paid annually for the Global Managed Volatility, Tax-Managed International Managed Volatility, Multi-Strategy Alternative, Multi-Asset Accumulation, Multi-Asset Inflation Managed, Multi-Asset Capital Stability, and Dynamic Asset Allocation; are declared daily and paid monthly for the Core Fixed Income, High Yield Bond, Conservative Income, Tax-Free Conservative Income, Multi-Asset Income and Multi-Asset Capital Stability Funds. Any net realized capital gains on sales of securities are distributed to shareholders at least annually. Dividends and distributions are recorded on the ex-dividend date.

Investments in Real Estate Investment Trust — With respect to the Real Estate Fund, dividend income is recorded based on the income included in distributions received from the Real Estate Investment Trust (“REIT”) investments using published REIT reclassifications including some management estimates when actual amounts are not available. Distributions received in excess of this estimated amount are recorded as a reduction of the cost of investments or reclassified to capital gains. The actual amounts of income, return of capital, and capital gains are only determined by each REIT after its fiscal year end, and may differ from the estimated amounts.

Investment in Subsidiary — Each of the Multi-Asset Accumulation, Multi-Asset Inflation Managed and Dynamic Asset Allocation Funds may invest in its own Subsidiary. By investing in a Subsidiary, each Fund is indirectly exposed to the risks associated with such Subsidiary’s investments. The commodity-related instruments held by a Subsidiary are generally similar to those that are permitted to be held by the applicable Fund and are subject to the same risks that apply to similar investments if held directly by the Fund. A Subsidiary, however, is not registered under the 1940 Act and will not be subject to all of the investor protections

of the 1940 Act. Thus, the Multi-Asset Accumulation, Multi-Asset Inflation Managed and Dynamic Asset Allocation Funds, as investors in their respective Subsidiary, will not have all of the protections offered to investors in registered investment companies.

However, each Fund wholly owns and controls its respective Subsidiary, and the Funds and the 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.

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

SEI Institutional Managed Trust / Annual Report / September 30, 2019 341

Notes to Financial Statements/Consolidated Notes to Financial Statements (Continued)

September 30, 2019

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, 2019, the High Yield Bond Fund, Multi-Strategy Alternative Fund, Multi-Asset Income Fund and the Multi-Asset Inflation Managed Fund are the buyers (“receiving protection”) on a total notional amount of $17.9 million, $13.6 million, $16.9 million and $20.8 million, respectively. As of September 30, 2019, the Core Fixed Income Fund, High Yield Bond 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 $44.7 million, $9.9 million, $4.1 million, $136.1 million, $19.0 million and $31.7 million, respectively. The notional amounts of the swaps are not recorded in the financial statements. The notional amounts approximate the maximum potential amount of future payments that the Fund could be required to make if the Fund was the seller of protection and a credit event was to occur.

Those credit default swaps (“CDS”) for which the Fund is providing protection at the balance sheet date are summarized as follows:

CORE FIXED INCOME FUND WRITTEN CREDIT DERIVATIVE CONTRACTS	SINGLE NAME CDS				CDS ON AN INDEX
REFERENCE ASSET	CORP US$		SOVEREIGN US$		ABS US$		CORP US$		Total
Fair value of written credit derivatives		$-		$-		$-		$1,459,999		$1,459,999
Maximum potential amount of future payments		-		-		-		44,716,000		44,716,000
Recourse provisions with third parties to recover any amounts paid under the credit derivative (including any purchased credit protection)1		-		-		-		-		-
Collateral held by the Fund can obtain upon occurrence of triggering event		-		-		-		-		-
HIGH YIELD BOND FUND WRITTEN CREDIT DERIVATIVE CONTRACTS			SINGLE NAME CDS		CDS ON AN INDEX
REFERENCE ASSET	CORP US$		SOVEREIGN US$		ABS US$		CORP US$		Total
Fair value of written credit derivatives		$-		$-		$-		$657,573		$657,573
Maximum potential amount of future payments		-		-		-		9,906,000		9,906,000
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		-		-		-		-		-

342 SEI Institutional Managed Trust / Annual Report / September 30, 2019

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		$-		$(17,465)		$-			$-		$(17,465)
Maximum potential amount of future payments		-		4,124,000		-			-		4,124,000
Recourse provisions with third parties to recover any amounts paid under the credit derivative (including any purchased credit protection) 1		-		-		-			-		-
Collateral held by the Fund can obtain upon occurrence of triggering event		-		-		-			-		-
MULTI-ASSET INCOME FUND WRITTEN CREDIT DERIVATIVE CONTRACTS	SINGLE NAME CDS				CDS ON AN INDEX
REFERENCE ASSET	CORP US$		SOVEREIGN US$		ABS US$			CORP US$		Total
Fair value of written credit derivatives		$3,853		$411,690		$-			$2,832,048		$3,247,591
Maximum potential amount of future payments		1,750,000		33,820,000		-			100,560,000		136,130,000
Recourse provisions with third parties to recover any amounts paid under the credit derivative (including any purchased credit protection) 1		-		-		-			-		-
Collateral held by the Fund can obtain upon occurrence of triggering event		-		-		-			-		-
MULTI-ASSET INFLATION MANAGED FUND WRITTEN CREDIT DERIVATIVE CONTRACTS	SINGLE NAME CDS				CDS ON AN INDEX
REFERENCE ASSET	CORP US$		SOVEREIGN US$		ABS US$			CORP US$		Total
Fair value of written credit derivatives		$-		$-		$(1,372,849	)		$-		$(1,372,849	)
Maximum potential amount of future payments		-		-		18,977,000			-		18,977,000
Recourse provisions with third parties to recover any amounts paid under the credit derivative (including any purchased credit protection) 1		-		-		-			-		-
Collateral held by the Fund can obtain upon occurrence of triggering event		-		-		-			-		-
MULTI-ASSET CAPITAL STABILITY FUND WRITTEN CREDIT DERIVATIVE CONTRACTS	SINGLE NAME CDS				CDS ON AN INDEX
REFERENCE ASSET	CORP US$		SOVEREIGN US$		ABS US$			CORP US$		Total
Fair value of written credit derivatives		$-		$-		$-			$1,307,931		$1,307,931
Maximum potential amount of future payments		-		-		-			31,841,748		31,841,748
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		-		-		-			-		-

1 Potential recoveries would include purchased credit derivatives to the extent they offset written credit derivatives which have an identical underlying, or a netting arrangement or credit support annex with the counterparty. There may be other potential recoveries from recourse provisions where agreements cover multiple derivative arrangements but those amounts have not been included.

MAXIMUM POTENTIAL AMOUNT OF FUTURE PAYMENTS BY CONTRACT TERM
CORE FIXED INCOME FUND	0-6 MONTHS		6-12 MONTHS		1-5 YEARS		5-10 YEARS		> 10 YEARS		Total
Current credit spread* on underlying (in basis points)
0-100		$-		$-		$-		$39,370,000		$-		$39,370,000
101-200		-		-		-		-		-		-
201-300		-		-		-		-		-		-
301-400		-		-		5,346,000		-		-		5,346,000
> than 400		-		-		-		-		-		-
Total		$-		$-		$5,346,000		$39,370,000		$-		$44,716,000

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September 30, 2019

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		-		-		9,906,000		-		-		9,906,000
301-400		-		-		-		-		-		-
> than 400		-		-		-		-		-		-
Total		$-		$-		$9,906,000		$-		$-		$9,906,000
MAXIMUM POTENTIAL AMOUNT OF FUTURE PAYMENTS BY CONTRACT TERM
MULTI-STRATEGY ALTERNATIVE FUND	0-6 MONTHS		6-12 MONTHS		1-5 YEARS		5-10 YEARS		> 10 YEARS		Total
Current credit spread* on underlying (in basis points)
0-100		$-		$-		$-		$-		$-		$-
101-200		-		-		2,838,000		-		-		2,838,000
201-300		-		-		632,000		-		-		632,000
301-400		-		-		654,000		-		-		654,000
> than 400		-		-		-		-		-		-
Total		$-		$-		$4,124,000		$-		$-		$4,124,000
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		$-		$-		$69,405,000		$38,780,000		$-		$108,185,000
101-200		-		-		2,385,000		-		-		2,385,000
201-300		-		-		19,360,000		-		-		19,360,000
301-400		-		-		-		6,150,000		-		6,150,000
> than 400		-		-		50,000		-		-		50,000
Total		$-		$-		$91,200,000		$44,930,000		$-		$136,130,000
MAXIMUM POTENTIAL AMOUNT OF FUTURE PAYMENTS BY CONTRACT TERM
MULTI-ASSET INFLATION MANAGED FUND	0-6 MONTHS		6-12 MONTHS		1-5 YEARS		5-10 YEARS		> 10 YEARS		Total
Current credit spread* on underlying (in basis points)
0-100		$-		$-		$-		$-		$-		$-
101-200		-		-		-		-		1,305,000		1,305,000
201-300		-		-		-		-		-		-
301-400		-		-		-		-		1,934,000		1,934,000
> than 400		-		-		-		-		15,738,000		15,738,000
Total		$-		$-		$-		$-		$18,977,000		$18,977,000
MAXIMUM POTENTIAL AMOUNT OF FUTURE PAYMENTS BY CONTRACT TERM
MULTI-ASSET CAPITAL STABILITY FUND	0-6 MONTHS		6-12 MONTHS		1-5 YEARS		5-10 YEARS		> 10 YEARS		Total
Current credit spread* on underlying (in basis points)
0-100		$-		$-		$5,880,000		$15,650,000		$-		$21,530,000
101-200		-		-		-		-		-		-
201-300		-		-		1,864,248		-		-		1,864,248
301-400		-		-		8,447,500		-		-		8,447,500
> than 400		-		-		-		-		-		-
Total		$-		$-		$16,191,748		$15,650,000		$-		$31,841,748

* 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.

344 SEI Institutional Managed Trust / Annual Report / September 30, 2019

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, 2019 was as follows ($ Thousands):

	Asset Derivatives			Liability Derivatives
	Statement of Assets and Liabilities/Consolidated Statement of Assets and Liabilities Location	Fair Value		Statement of Assets and Liabilities/Consolidated Statement of Assets and Liabilities Location	Fair Value
Derivatives not accounted for as hedging instruments:
Global Managed Volatility Fund
Equity contracts	Net Assets — Unrealized appreciation on futures contracts		$29*	Net Assets — Unrealized depreciation on futures contracts		$79*
Foreign exchange contracts	Unrealized gain on forward foreign currency contracts		2,256	Unrealized loss on forward foreign currency contracts		117
Total Derivatives not accounted for as hedging instruments			$2,285			$196
Core Fixed Income Fund
Interest rate contracts	Net Assets — Unrealized appreciation on futures contracts		$6,388*	Net Assets — Unrealized depreciation on futures contracts		$3,894*
	Net Assets — Unrealized appreciation on swap contracts		6,363†	Net Assets — Unrealized depreciation on swap contracts		18,237†
	Options purchased, at value		1,869	Options written, at value		1,216
Foreign exchange contracts	Unrealized gain on forward foreign currency contracts		2,716	Unrealized loss on forward foreign currency contracts		3,150
	Options purchased, at value		354	Options written, at value		—
Credit contracts	Net Assets — Unrealized appreciation on swap contracts		130†	Net Assets — Unrealized depreciation on swap contracts		2†
Total Derivatives not accounted for as hedging instruments			$17,820			$26,499
Dynamic Asset Allocation Fund
Interest rate contracts	Swaptions purchased, at value		$2,093	Swaptions written, at value		$—
Equity contracts	Net Assets — Unrealized appreciation on futures contracts		—*	Net Assets — Unrealized depreciation on futures contracts		72*
Foreign exchange contracts	Unrealized gain on forward foreign currency contracts		7,020	Unrealized loss on forward foreign currency contracts		2,274
Total Derivatives not accounted for as hedging instruments			$9,113			$2,346
Multi-Strategy Alternative Fund
Interest rate contracts	Net Assets — Unrealized appreciation on futures contracts		$—*	Net Assets — Unrealized depreciation on futures contracts		$10*
	Net Assets — Unrealized appreciation on swap contracts		—†	Net Assets — Unrealized depreciation on swap contracts		110†
Equity contracts	Options purchased, at value		585	Options written, at value		194
	Swaptions purchased, at value		2	Swaptions written, at value		—
	Net Assets — Unrealized appreciation on futures contracts		9*	Net Assets — Unrealized depreciation on futures contracts		—*
	Net Assets — Unrealized appreciation on swap contracts		108†	Net Assets — Unrealized depreciation on swap contracts		40†
Foreign exchange contracts	Unrealized gain on forward foreign currency contracts		169	Unrealized loss on forward foreign currency contracts		110
Credit contracts	Net Assets — Unrealized appreciation on swap contracts		88†	Net Assets — Unrealized depreciation on swap contracts		137†
Total Derivatives not accounted for as hedging instruments			$961			$601

SEI Institutional Managed Trust / Annual Report / September 30, 2019 345

Notes to Financial Statements/Consolidated Notes to Financial Statements (Continued)

September 30, 2019

	Asset Derivatives		Liability Derivatives
	Statement of Assets and Liabilities/Consolidated Statement of Assets and Liabilities Location	Fair Value	Statement of Assets and Liabilities/Consolidated Statement of Assets and Liabilities Location	Fair Value
Derivatives not accounted for as hedging instruments:
Multi-Asset Accumulation Fund
Interest rate contracts	Net Assets — Unrealized appreciation on futures contracts	$5,646*	Net Assets — Unrealized depreciation on futures contracts		$22,289*
	Net Assets — Unrealized appreciation on swap contracts	3,184†	Net Assets — Unrealized depreciation on swap contracts		337†
Equity contracts	Net Assets — Unrealized appreciation on futures contracts	4,204*	Net Assets — Unrealized depreciation on futures contracts		14,830*
	Net Assets — Unrealized appreciation on swap contracts	999†	Net Assets — Unrealized depreciation on swap contracts		219†
Foreign exchange contracts	Unrealized gain on forward foreign currency contracts	11,798	Unrealized loss on forward foreign currency contracts		3,684
Commodity contracts	Net Assets — Unrealized appreciation on futures contracts	7,069*	Net Assets — Unrealized depreciation on futures contracts		5,689*
	Net Assets — Unrealized appreciation on swap contracts	594†	Net Assets — Unrealized depreciation on swap contracts		9†
Total Derivatives not accounted for as hedging instruments		$33,494			$47,057
Multi-Asset Income Fund
Interest rate contracts	Net Assets — Unrealized appreciation on futures contracts	912*	Net Assets — Unrealized depreciation on futures contracts		1,694*
	Options purchased, at value	13	Options written, at value		2
	Net Assets — Unrealized appreciation on swap contracts	997†	Net Assets — Unrealized depreciation on swap contracts		3,864†
Equity contracts	Options purchased, at value	98	Options written, at value		1,154
	Net Assets — Unrealized appreciation on futures contracts	—*	Net Assets — Unrealized depreciation on futures contracts		357*
Foreign exchange contracts	Unrealized gain on forward foreign currency contracts	1,608	Unrealized loss on forward foreign currency contracts		951
	Options purchased, at value	565	Options written, at value		185
Credit contracts	Net Assets — Unrealized appreciation on swap contracts	501†	Net Assets — Unrealized depreciation on swap contracts		169†
Total Derivatives not accounted for as hedging instruments		4,694			8,376
Multi-Asset Inflation Managed Fund
Interest rate contracts	Net Assets — Unrealized appreciation on futures contracts	$461*	Net Assets — Unrealized depreciation on futures contracts		$28*
	Net Assets — Unrealized appreciation on swap contracts	—†	Net Assets — Unrealized depreciation on swap contracts		2,203†
Equity contracts	Net Assets — Unrealized appreciation on futures contracts	261*	Net Assets — Unrealized depreciation on futures contracts		—*
Foreign exchange contracts	Unrealized gain on forward foreign currency contracts	313	Unrealized loss on forward foreign currency contracts		386
Commodity contracts	Net Assets — Unrealized appreciation on futures contracts	3,725*	Net Assets — Unrealized depreciation on future contracts		1,679*
	Net Assets — Unrealized appreciation on swap contracts	28†	Net Assets — Unrealized depreciation on swap contracts		1,022†
	Options purchased, at value	410	Options written, at value		483
Credit contracts	Net Assets — Unrealized appreciation on swaps contracts	571†	Net Assets — Unrealized depreciation on swaps contracts		631†
Total Derivatives not accounted for as hedging instruments		$5,769			$6,432

346 SEI Institutional Managed Trust / Annual Report / September 30, 2019

	Asset Derivatives			Liability Derivatives
	Statement of Assets and Liabilities/Consolidated Statement of Assets and Liabilities Location	Fair Value		Statement of Assets and Liabilities/Consolidated Statement of Assets and Liabilities Location	Fair Value
Derivatives not accounted for as hedging instruments:
Multi-Asset Capital Stability Fund
Interest rate contracts	Net Assets — Unrealized appreciation on futures contracts		$63*	Net Assets — Unrealized depreciation on futures contracts		$1,032*
	Net Assets — Unrealized appreciation on swap contracts		1,174†	Net Assets — Unrealized depreciation on swap contracts		1†
	Swaptions purchased, at value		4	Swaptions written, at value		—
Equity contracts	Net Assets — Unrealized appreciation on futures contracts		308*	Net Assets — Unrealized depreciation on futures contracts		705*
	Options purchased, at value		78	Options written, at value		21
Foreign exchange contracts	Unrealized gain on forward foreign currency contracts		1,551	Unrealized loss on forward foreign currency contracts		961
	Options purchased, at value		70	Options written, at value		—
Credit contracts	Net Assets — Unrealized appreciation on swap contracts		—†	Net Assets — Unrealized depreciation on swap contracts		118†
Total Derivatives not accounted for as hedging instruments			$3,248			$2,838

* Includes cumulative appreciation/depreciation of futures contracts as reported in the Schedules of Investments. Only current day’s variation margin is reported within the Statements of Assets & Liabilities or Consolidated Statements of Assets & Liabilities.

^†  Includes cumulative appreciation/depreciation of swap contracts as reported in the Schedules of Investments. Market Value is reported within the Statements of Assets & Liabilities or Consolidated Statements of Assets & Liabilities for swap contracts that have paid premiums.

The effect of derivative instruments on the Statements of Operations/Consolidated Statements of Operations for the year ended September 30, 2019:

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	$	—	$	—	$	213	$	—	$	—	$	213
Foreign exchange contracts		—		—		—		15,929		—		15,929
Total	$	—	$	—	$	213	$	15,929	$	—	$	16,142
Core Fixed Income Fund
Interest rate contracts	$	6,036	$	—	$	16,034	$	—	$	(2,875)	$	19,195
Equity contracts		—		—		2,654		—		—		2,654
Foreign exchange contracts		(581)		—		42		1,712		—		1,173
Credit contracts		—		—		—		—		2,513		2,513
Total	$	5,455	$	—	$	18,730	$	1,712	$	(362)	$	25,535
High Yield Bond Fund
Credit contracts	$	—	$	—	$	—	$	—	$	(685)	$	(685)
Total	$	—	$	—	$	—	$	—	$	(685)	$	(685)
Dynamic Asset Allocation Fund
Equity contracts	$	—	$	—	$	(12,359)	$	—	$	(20)	$	(12,379)
Foreign exchange contracts		(469)		—		—		4,642		—		4,173
Commodity contracts		—		—		—		—		(7,222)		(7,222)
Total	$	(469)	$	—	$	(12,359)	$	4,642	$	(7,242)	$	(15,428)

SEI Institutional Managed Trust / Annual Report / September 30, 2019 347

Notes to Financial Statements/Consolidated Notes to Financial Statements (Continued)

September 30, 2019

Derivatives Not Accounted for as Hedging Instruments	Options		Swaptions		Futures		Forward   Foreign   Currency   Contracts		Swaps		Total
Multi-Strategy Alternative Fund
Credit contracts	$	—	$	—	$	—	$	—	$	(223)	$	(223)
Equity contracts		(1,003)		—		43		—		440		(520)
Interest rate contracts		—		—		(114)		—		(101)		(215)
Foreign exchange contracts		—		—		—		(588)		—		(588)
Total	$	(1,003)	$	—	$	(71)	$	(588)	$	116	$	(1,546)
Multi-Asset Accumulation Fund
Equity contracts	$	—	$	—	$	1,697	$	—	$	(98)	$	1,599
Interest rate contracts		—		—		257,472		—		17,849		275,321
Foreign exchange contracts		—		—		8,313		42,500		—		50,813
Commodity contracts		—		—		(33,193)		—		(1,024)		(34,217)
Total	$	—	$	—	$	234,289	$	42,500	$	16,727	$	293,516
Multi-Asset Income Fund
Credit contracts	$	—	$	—	$	—	$	—	$	3,281	$	3,281
Equity contracts		(4,980)		—		2,401		—		—		(2,579)
Interest rate contracts		(648)		—		13,157		—		(841)		11,668
Foreign exchange contracts		(236)		—		—		2,825		—		2,589
Total	$	(5,864)	$	—	$	15,558	$	2,825	$	2,440	$	14,959
Multi-Asset Inflation Managed Fund
Credit contracts	$	—	$	—	$	—	$	—	$	203	$	203
Equity contracts		—		—		(562)		—		—		(562)
Interest rate contracts		—		—		(4,868)		—		(288)		(5,156)
Foreign exchange contracts		—		—		—		(283)		—		(283)
Commodity contracts		(402)		—		(16,749)		—		(3,626)		(20,777)
Total	$	(402)	$	—	$	(22,179)	$	(283)	$	(3,711)	$	(26,575)
Multi-Asset Capital Stability Fund
Credit contracts	$	—	$	—	$	—	$	—	$	418	$	418
Equity contracts		(196)		—		(3,033)		—		—		(3,229)
Interest rate contracts		—		(1,219)		10,066		—		2,478		11,325
Foreign exchange contracts		143		—		—		(1,331)		—		(1,188)
Total	$	(53)	$	(1,219)	$	7,033	$	(1,331)	$	2,896	$	7,326
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	$	—	$	—	$	(56)	$	—	$	—	$	(56)
Foreign exchange contracts		—		—		—		(819)		—		(819)
Total	$	—	$	—	$	(56)	$	(819)	$	—	$	(875)
Core Fixed Income Fund
Credit contracts	$	—	$	—	$	—	$	—	$	(461)	$	(461)
Interest rate contracts		406		—		2,905		—		(10,593)		(7,282)
Foreign exchange contracts		—		(18)		—		330		—		312
Total	$	406	$	(18)	$	2,905	$	330	$	(11,054)	$	(7,431)
High Yield Bond Fund
Interest rate contracts	$	—	$	—	$	—	$	—	$	199	$	199
Credit contracts		—		—		—		—		(127)		(127)
Total	$	—	$	—	$	—	$	—	$	72	$	72

348 SEI Institutional Managed Trust / Annual Report / September 30, 2019

Derivatives Not Accounted for as Hedging Instruments	Options			Swaptions			Futures			Forward   Foreign   Currency   Contracts			Swaps			Total
Dynamic Asset Allocation Fund
Equity contracts	$	—		$	—		$	(104	)	$	—		$	2,093		$	1,989
Interest rate contracts		—			2			—			—			—			2
Foreign exchange contracts		—			—			—			7,672			—			7,672
Commodity contracts		—			—			—			—			(842	)		(842	)
Total	$	—		$	2		$	(104	)	$	7,672		$	1,251		$	8,821
Multi-Strategy Alternative Fund
Credit contracts	$	—		$	—		$	—		$	—		$	(86	)	$	(86)
Equity contracts		67			(17	)		11			—			206			267
Interest rate contracts		—			—			1			—			(355	)		(354)
Foreign exchange contracts		—			—			—			292			—			292
Total	$	67		$	(17	)	$	12		$	292		$	(235	)	$	119
Multi-Asset Accumulation Fund
Equity contracts	$	—		$	—		$	(24,988	)	$	—		$	(1,780	)	$	(26,768)
Interest rate contracts		—			—			6,623			—			3,082			9,705
Foreign exchange contracts		—			—			—			2,493			—			2,493
Commodity contracts		—			—			(3,174	)		—			622			(2,552	)
Total	$	—		$	—		$	(21,539	)	$	2,493		$	1,924		$	(17,122	)
Multi-Asset Income Fund
Credit contracts	$	—		$	—		$	—		$	—		$	96		$	96
Equity contracts		1,214			—			(527	)		—			—			687
Interest rate contracts		9			—			892			—			(3,093	)		(2,192)
Foreign exchange contracts		347			—			—			474			—			821
Total	$	1,570		$	—		$	365		$	474		$	(2,997	)	$	(588	)
Multi-Asset Inflation Managed Fund
Credit contracts	$	—		$	—		$	—		$	—		$	519		$	519
Equity contracts		—			—			388			—			—			388
Interest rate contracts		—			—			(272	)		—			(4,102	)		(4,374)
Foreign exchange contracts		—			—			—			(397	)		—			(397)
Commodity contracts		(37	)		—			2,467			—			(1,047	)		1,383
Total	$	(37	)	$	—		$	2,583		$	(397	)	$	(4,630	)	$	(2,481	)
Multi-Asset Capital Stability Fund
Credit contracts	$	—		$	—		$	—		$	—		$	(189	)	$	(189)
Equity contracts		97			—			(1,403	)		—			—			(1,306)
Interest rate contracts		—			(91	)		70			—			1,101			1,080
Foreign exchange contracts		129			—			—			(1,739	)		—			(1,610	)
Total	$	226		$	(91	)	$	(1,333	)	$	(1,739	)	$	912		$	(2,025	)

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, 2019 ($ 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	$	17,170	$	14,695	$	10,187	$	9,840	$	11,439
Ending Notional Balance Long		8,707		12,508		9,894		15,851		–

SEI Institutional Managed Trust / Annual Report / September 30, 2019 349

Notes to Financial Statements/Consolidated Notes to Financial Statements (Continued)

September 30, 2019

					S&P 500 Index Fund		Small Cap Value Fund		Small Cap Growth Fund
Futures Contracts:
Commodity Contracts
Average Notional Balance Long					$	–	$	–	$	–
Ending Notional Balance Long						–		–		–
Equity Contracts
Average Notional Balance Long						11,240		4,763		721
Ending Notional Balance Long						10,822		4,840		2,885
			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			$	24,143	$	8,739	$	9,462	$	5,930
Ending Notional Balance Long				24,369		9,801		5,872		4,185
Interest Contracts
Average Notional Balance Long				–		1,141		–		2,666
Ending Notional Balance Long				–		1,438		–		2,604
Forward Foreign Currency Contracts:
Average Notional Balance Long				–		350,032		–		–
Average Notional Balance Short				–		350,958		–		–
Ending Notional Balance Long				–		345,249		–		–
Ending Notional Balance Short				–		343,110		–		–
	Core Fixed Income Fund		High Yield Bond Fund		Dynamic Asset Allocation Fund		Multi-Strategy Alternative Fund		Multi-Asset Accumulation Fund
Futures Contracts:
Commodity Contracts
Average Notional Balance Long	$	–	$	–	$	–	$	–	$	463,119
Average Notional Balance Short		–		–		–		–		719
Ending Notional Balance Long		–		–		–		–		452,091
Ending Notional Balance Short		–		–		–		–		2,874
Equity Contracts
Average Notional Balance Long		–		–		78,164		–		1,083,267
Average Notional Balance Short		–		–		64,511		909		–
Ending Notional Balance Long		–		–		8,859		–		1,263,937
Ending Notional Balance Short		–		–		–		903		–
Interest Contracts
Average Notional Balance Long		1,282,965		–		–		601		3,597,235
Average Notional Balance Short		607,632		–		–		283		–
Ending Notional Balance Long		1,075,599		–		–		660		3,925,424
Ending Notional Balance Short		713,659		–		–		–		–
Forward Foreign Currency Contracts:
Average Notional Balance Long		147,115		–		315,145		26,429		1,088,568
Average Notional Balance Short		147,257		–		312,727		26,453		1,085,649
Ending Notional Balance Long		166,967		–		400,406		27,178		1,145,427
Ending Notional Balance Short		167,402		–		395,660		27,117		1,137,313
Swaps:
Total Return Contracts
Average Notional Balance Long		–		–		–		2,988		–
Average Notional Balance Short		–		–		–		2,346		–
Ending Notional Balance Long		–		–		–		4,877		–
Credit Contracts
Average Notional Balance Long		2,150		8,997		–		11,798		–
Average Notional Balance Short		75,212		9,992		–		4,072		–
Ending Notional Balance Long		–		17,904		–		13,457		–
Ending Notional Balance Short		44,716		9,906		–		4,124		–

350 SEI Institutional Managed Trust / Annual Report / September 30, 2019

	Core Fixed Income Fund		High Yield Bond Fund		Dynamic Asset Allocation Fund		Multi-Strategy Alternative Fund		Multi-Asset Accumulation Fund
Swaps: (continued)
Interest Contracts
Average Notional Balance		495,169		–		–		10,170		615,280
Ending Notional Balance		466,099		–		–		28,576		786,394
Equity Contracts
Average Notional Balance Long		–		–		–		4,487		144,325
Average Notional Balance Short		–		–		–		3,330		–
Ending Notional Balance Long		–		–		–		5,168		166,983
Ending Notional Balance Short		–		–		–		1,719		–
Commodity Contracts
Average Notional Balance Long		–		–		–		–		17,525
Average Notional Balance Short		–		–		–		–		–
Ending Notional Balance Long		–		–		–		–		14,003
Ending Notional Balance Short		–		–		–		–		–
Options:
Equity
Average Notional Balance Long†		–		–		–		769		–
Average Notional Balance Short†		–		–		–		146		–
Ending Notional Balance Long†		–		–		–		834		–
Ending Notional Balance Short†		–		–		–		278		–
Interest
Average Notional Balance Long†		818		–		2,357		–		–
Average Notional Balance Short†		1,027		–		–		–		–
Ending Notional Balance Long†		1,933		–		2,357		–		–
Ending Notional Balance Short†		1,439		–		–		–		–
Currency
Average Notional Balance Long†		209		–		–		–		–
Average Notional Balance Short†		9		–		–		–		–
Ending Notional Balance Long†		313		–		–		–		–
Credit
Average Notional Balance Long†		–		–		–		5		–
Ending Notional Balance Long†		–		–		–		19		–
	Multi-Asset Income Fund		Multi-Asset Inflation Managed Fund		Multi-Asset Capital Stability Fund
Futures Contracts:
Commodity Contracts
Average Notional Balance Long	$	–	$	129,097	$	–
Average Notional Balance Short		–		19,040		–
Ending Notional Balance Long		–		123,976		–
Ending Notional Balance Short		–		12,291		–
Equity Contracts
Average Notional Balance Long		37,805		–		97,527
Average Notional Balance Short		–		38,002		3,043
Ending Notional Balance Long		39,078		–		92,526
Ending Notional Balance Short		–		37,715		954
Interest Contracts
Average Notional Balance Long		287,912		7,964		146,741
Average Notional Balance Short		115,212		95,434		31,744
Ending Notional Balance Long		280,478		1,269		138,371
Ending Notional Balance Short		116,721		104,999		31,890
Forward Foreign Currency Contracts:
Average Notional Balance Long		102,600		46,199		214,268
Average Notional Balance Short		102,290		46,443		214,794
Ending Notional Balance Long		138,973		42,703		231,784
Ending Notional Balance Short		138,315		42,780		231,197
Swaps:
Total Return Contracts
Average Notional Balance Long		–		39,404		–
Ending Notional Balance Long		–		46,285		–

SEI Institutional Managed Trust / Annual Report / September 30, 2019 351

Notes to Financial Statements/Consolidated Notes to Financial Statements (Continued)

September 30, 2019

	Multi-Asset Income Fund		Multi-Asset Inflation Managed Fund		Multi-Asset Capital Stability Fund
Swaps: (continued)
Credit Contracts
Average Notional Balance Long		16,344		21,589		–
Average Notional Balance Short		115,819		18,964		26,588
Ending Notional Balance Long		19,078		20,846		–
Ending Notional Balance Short		136,130		18,977		31,842
Interest Contracts
Average Notional Balance		88,545		168,045		21,922
Ending Notional Balance		155,505		243,267		24,083
Options:
Commodity
Average Notional Balance Long†		–		288		–
Average Notional Balance Short†		–		168		–
Ending Notional Balance Long†		–		394		–
Ending Notional Balance Short†		–		338		–
Equity
Average Notional Balance Long†		248		–		143
Average Notional Balance Short†		2,648		–		83
Ending Notional Balance Long†		288		–		100
Ending Notional Balance Short†		2,332		–		–
Interest
Average Notional Balance Long†		10		–		100
Average Notional Balance Short†		14		–		59
Ending Notional Balance Long†		13		–		120
Ending Notional Balance Short†		14		–		26
Currency
Average Notional Balance Long†		177		–		54
Average Notional Balance Short†		147		–		121
Ending Notional Balance Long†		251		–		10
Ending Notional Balance Short†		266		–		119

† Represents cost.

A Fund is subject to various netting arrangements with select counterparties (“Master Agreements”). Master Agreements govern the terms of certain transactions, and reduce the counterparty risk associated with relevant transactions by specifying credit protection mechanisms and providing standardization that improves legal certainty. Since different types of transactions have different mechanics and are sometimes traded out of different legal entities of a particular counterparty organization, each type of transaction may be covered by a different Master Agreement, resulting in the need for multiple agreements with a single counterparty. As the Master Agreements are specific to unique operations of different asset types, they allow a Fund to close out and net its total exposure to a specific counterparty entity in the event of a default with respect to all the transactions governed under a single agreement with a specific counterparty entity.

Master Agreements can also help limit counterparty risk by specifying collateral posting arrangements at pre-arranged exposure levels. Under the Master Agreements, collateral is routinely transferred if the total net exposure to certain transactions (net of existing collateral already in place) governed under

the relevant Master Agreement with a counterparty in a given account exceeds a specified threshold, which typically ranges from zero to $250,000 depending on the counterparty and the type of Master Agreement. United States Treasury Securities and U.S. dollar cash are generally the preferred forms of collateral. Securities and cash pledged as collateral are reflected as assets on the Statements of Assets and Liabilities or Consolidated Statements of Assets and Liabilities as either a component of investments at value (securities) or deposits due from counterparties (cash). Cash collateral received is not typically held in a segregated account and as such is reflected as a liability on the Statements of Assets and Liabilities or Consolidated Statements of Assets and Liabilities as deposits due to counterparties. The market value of any securities received as collateral is not reflected as a component of net asset value. A Fund’s overall exposure to counterparty risk can change substantially within a short period, as it is affected by each transaction subject to the relevant Master Agreement.

Customer Account Agreements and related addendums govern exchange traded derivatives transactions such as futures, options on futures, and centrally cleared swaps. Exchange traded derivative transactions require posting of initial margin as determined by each relevant

352 SEI Institutional Managed Trust / Annual Report / September 30, 2019

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.

The following is a summary of the market value and variation margin of exchange-traded or centrally cleared financial derivative instruments of the Funds as of September 30, 2019 ($ Thousands):

	Financial Derivative Assets								Financial Derivative Liabilities
	Market Value		Variation Margin Asset						Market Value		Variation Margin Liability
	Purchased		Swap						Written		Swap
Fund	Options		Futures		Agreements		Total		Options		Futures		Agreements		Total
Large Cap Fund		$ —		$ 55		$ —		$ 55		$ —		$ —		$ —		$ —
Large Cap Value Fund		—		73		—		73		—		—		—		—
Large Cap Growth Fund		—		52		—		52		—		—		—		—
Large Cap Index Fund		—		80		—		80		—		—		—		—
S&P 500 Index Fund		—		53		—		53		—		—		—		—
Small Cap Value Fund		—		3		—		3		—		—		—		—
Small Cap Growth Fund		—		2		—		2		—		—		—		—
U.S. Managed Volatility Fund		—		120		—		120		—		—		—		—
Global Managed Volatility Fund		—		47		—		47		—		6		—		6
Tax-Managed Managed Volatility Fund		—		28		—		28		—		—		—		—
Tax-Managed International Managed Volatility Fund		—		19		—		19		—		13		—		13
Core Fixed Income Fund		1,869		239		357		2,465		1,216		339		85		1,640
High Yield Bond Fund		—		—		—		—		—		—		46		46
Dynamic Asset Allocation Fund		—		43		—		43		—		—		—		—
Multi-Strategy Alternative Fund		585		—		9		594		194		5		10		209
Multi-Asset Accumulation Fund		—		6,730		8		6,738		—		11,581		178		11,759
Multi-Asset Income Fund		676		244		87		1,007		1,341		125		139		1,605
Multi-Asset Inflation Managed Fund		410		1,059		6		1,475		483		2,263		17		2,763
Multi-Asset Capital Stability Fund		148		467		31		646		21		139		91		251
Total Exchange-Traded or Centrally Cleared		$3,688		$9,314		$498		$13,500		$3,255		$14,471		$566		$18,292

Securities with an aggregate market value of $40,879

($ Thousands) have been pledged and $250,727 ($ Thousands) in cash has been pledged as collateral for exchange-traded and centrally cleared derivative instruments as of September 30, 2019.

The table below summarizes the collateral pledged by Fund:

	Securities at Aggregate Market Value ($ Thousands)		Cash ($ Thousands)		Total ($ Thousands)
Large Cap Fund	$	–	$	461	$	461
Large Cap Value Fund		–		534		534
Large Cap Growth Fund		–		441		441
Large Cap Index Fund		–		660		660
S&P 500 Index Fund		–		454		454
Small Cap Value Fund		–		202		202
Small Cap Growth Fund		–		120		120
U.S. Managed Volatility Fund		–		1,027		1,027
Global Managed Volatility Fund		–		532		532
Tax-Managed Managed Volatility Fund		–		239		239

	Securities at Aggregate Market Value ($ Thousands)		Cash ($ Thousands)		Total ($ Thousands)
Tax-Managed International Managed Volatility Fund		–		349		349
Core Fixed Income Fund		3,081		9,939		13,020
High Yield Bond Fund		–		1,131		1,131
Dynamic Asset Allocation Fund		–		372		372
Multi-Strategy Alternative Fund		–		11,718		11,718
Multi-Asset Accumulation Fund		37,798		166,358		204,156
Multi-Asset Income Fund		–		36,529		36,529
Multi-Asset Inflation Managed Fund		–		9,040		9,040
Multi-Asset Capital Stability Fund		–		10,621		10,621
Total	$	40,879	$	250,727	$	291,606

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

SEI Institutional Managed Trust / Annual Report / September 30, 2019 353

Notes to Financial Statements/Consolidated Notes to Financial Statements (Continued)

September 30, 2019

the applicable ISDA Master Agreement. Any election to terminate early could be material to the financial statements. In limited circumstances, the ISDA Master Agreement may contain additional provisions that add additional counterparty protection beyond coverage

of existing daily exposure if the counterparty has a decline in credit quality below a predefined level. These amounts, if any, may be segregated with a third party custodian.

The following is a summary by counterparty of the market value of OTC financial derivative instruments and collateral (received)/pledged as of September 30, 2019 ($ 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		$  2,256		$  —		$  —		$  2,256		$   (117)		$  —		$   —		$  —		$  (117)		$  2,139		$   —		$  2,139
Total Over the Counter		$  2,256		$  —		$  —		$  2,256		$  (117)		$  —		$  —		$  —		$  (117)
	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)
Citigroup		$  1,195		$  354		$  739		$  2,288		$  (3,150)		$  —		$  —		$  —		$  (3,150)		$  (862)		$   —		$  (862)
BNP Paribas		843		—		—		843		—		—		—		—		—		843		—		843
Goldman Sachs		678		—		—		678		—		—		—		—		—		678		—		678
Total Over the Counter		$  2,716		$  354		$  739		$  3,809		$  (3,150)		$  —		$  —		$  —		$  (3,150)
	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		$   2		$  2,093		$  —		$  2,095		$  (112)		$  —		$  —		$  —		$  (112)		$  1,983		$  (1,983)		$   —
Barclays PLC		—		—		—		—		(759)		—		—		—		(759)		(759)		—		(759)
Citigroup		—		—		—		—		(3)		—		—		—		(3)		(3)		—		(3)
JPMorgan Chase Bank		6,663		—		—		6,663		(1,400)		—		—		—		(1,400)		5,263		—		5,263
RBC		173		—		—		173		—		—		—		—		—		173		—		173
Standard Chartered		182		—		—		182		—		—		—		—		—		182		—		182
Total Over the Counter		$  7,020		$  2,093		$  —		$  9,113		$  (2,274)		$  —		$  —		$  —		$ (2,274)
	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		$  —		$  —		$  15		$   15		$  —		$  —		$  —		$  —		$   —		$   15		$  —		$   15
Barclays PLC		60		—		—		60		(22)		—		—		—		(22)		38		(38)		—
Deutsche Bank		79		—		648		727		(5)		—		(21)		—		(26)		701		—		701
JPMorgan Chase Bank		2		2		—		4		(22)		—		—		—		(22)		(18)		18		—
Merrill Lynch		9		—		—		9		(28)		—		—		—		(28)		(19)		19		—
Morgan Stanley		19		—		27		46		(33)		—		(19)		—		(52)		(6)		—		(6)
Total Over the Counter		$  169		$   2		$  690		$   861		$  (110)		$  —		$  (40)		$  —		$  (150)
	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		$  —		$  —		$  483		$  483		$  —		$  —		$  (90)		$  —		$  (90)		$   393		$  (393)		$   —
Barclays PLC		1,968		—		—		1,968		—		—		—		—		—		1,968		—		1,968
BNP Paribas		302		—		—		302		—		—		—		—		—		302		—		302

354 SEI Institutional Managed Trust / Annual Report / September 30, 2019

	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)
Brown Brothers Harriman		44		—		—		44		—		—		—		—		—		44		—		44
Citigroup		4,667		—		427		5,094		(1,822)		—		(8)		—		(1,830)		3,264		(3,264)		—
JPMorgan Chase Bank		4,753		—		523		5,276		(1,862)		—		(78)		—		(1,940)		3,336		(3,336)		—
Merrill Lynch		—		—		160		160		—		—		(52)		—		(52)		108		—		108
State Street		64		—		—		64		—		—		—		—		—		64		—		64
Total Over the Counter		$  11,798		$  —		$  1,593		$  13,391		$  (3,684)		$  —		$  (228)		$  —		$  (3,912)
	Financial Derivative Assets								Financial Derivative Liabilities
Multi-Asset Income Fund	Forward Foreign Currency Contracts		Purchased Options and Swaptions		Swap Agreements		Total Over     the     Counter		Forward Foreign Currency Contracts		Written Options and Swaptions		Swap Agreements		Reverse Repurchase Agreements		Total     Over the     Counter		Net Market Value of OTC Derivatives		Collateral (Received) Pledged		Net     Exposures(1)
Bank of America		$  5		$  —		$  —		$   5		$   —		$  —		$  —		$  —		$   —		$   5		$   —		$   5
Barclays PLC		298		—		—		298		(205)		—		—		—		(205)		93		—		93
BNP Paribas		31		—		—		31		(13)		—		—		—		(13)		18		—		18
BT Brokerage		164		—		—		164		—		—		—		—		—		164		—		164
Citibank		—		—		14		14		—		—		(31)		—		(31)		(17)		—		(17)
Citigroup		657		6		—		663		(372)		—		—		—		(372)		291		—		291
JPMorgan Chase Bank		453		—		3		456		(358)		—		—		—		(358)		98		—		98
Standard Bank		—		—		—		—		(3)		—		—		—		(3)		(3)		—		(3)
Total Over the Counter		$  1,608		$  6		$  17		$  1,631		$  (951)		$  —		$  (31)		$  —		$  (982)
	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)
Barclays PLC		$  21		$  —		$  —		$  21		$  (146)		$  —		$  —		$  —		$   (146)		$   (125)		$   —		$  (125)
BNP Paribas		—		—		—		—		(4)		—		—		—		(4)		(4)		—		(4)
Brown Brothers Harriman		34		—		—		34		(63)		—		—		—		(63)		(29)		—		(29)
CGG		—		—		—		—		—		—		(21)		—		(21)		(21)		—		(21)
Chase Securities		—		—		—		—		—		—		—		(221,962)		(221,962)		(221,962)		221,419		(543)
Citigroup		45		—		126		171		(56)		—		(610)		—		(666)		(495)		—		(495)
Credit Suisse		—		—		3		3		—		—		(125)		—		(125)		(122)		—		(122)
Deutsche Bank		11		—		—		11		—		—		(284)		—		(284)		(273)		—		(273)
Goldman Sachs		—		—		—		—		(9)		—		(371)		—		(380)		(380)		—		(380)
JPMorgan Chase		18		—		—		18		—		—		(82)		—		(82)		(64)		—		(64)
Macquarie Bank Limited		—		—		28		28		—		—		(367)		—		(367)		(339)		339		—
Merrill Lynch		—		—		—		—		—		—		(374)		—		(374)		(374)		—		(374)
Morgan Stanley		—		—		—		—		(108)		—		—		—		(108)		(108)		108		—
RBS		184		—		—		184		—		—		—		—		—		184		—		184
Societe Generale		—		—		—		—		—		—		(281)		—		(281)		(281)		—		(281)
Total Over the Counter		$  313		$  —		$  157		$  470		$  (386)		$  —		$  (2,515)		$  (221,962)		$  (224,863)
	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		$   1		$  —		$  —		$   1		$   (19)		$  —		$  —		$  —		$   (19)		$   (18)		$   —		$  (18)
Bank of America		75		—		—		75		(99)		—		—		—		(99)		(24)		—		(24)
Barclays PLC		53		—		—		53		(92)		—		—		—		(92)		(39)		—		(39)
BNP Paribas		41		—		—		41		(65)		—		—		—		(65)		(24)		—		(24)

SEI Institutional Managed Trust / Annual Report / September 30, 2019 355

Notes to Financial Statements/Consolidated Notes to Financial Statements (Continued)

September 30, 2019

	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)
Brown Brothers Harriman		152		—	—	152		(74	)		—		—		—	(74)		78			—		78
Citigroup		60		—	—	60		(62	)		—		—		—	(62)		(2	)		—		(2	)
Credit Suisse		61		—	—	61		(19	)		—		—		—	(19)		42			—		42
Deutsche Bank		24		—	—	24		—			—		—		—	—		24			—		24
Goldman Sachs		60		—	—	60		(86	)		—		—		—	(86)		(26	)		—		(26	)
HSBC		30		—	—	30		(119	)		—		—		—	(119)		(89	)		—		(89	)
JPMorgan Chase Bank		49		—	—	49		(27	)		—		—		—	(27)		22			—		22
Morgan Stanley		39		—	—	39		(170	)		—		—		—	(170)		(131	)		6		(125	)
RBS		869		—	—	869		(47	)		—		—		—	(47)		822			—		822
Standard Bank		24		—	—	24		(55	)		—		—		—	(55)		(31	)		—		(31	)
UBS		13		—	—	13		(27	)		—		—		—	(27)		(14	)		—		(14	)
Total Over the Counter		$  1,551		$  —	$  —	$  1,551		$  (961	)		$  —		$  —		$  —	$  (961)

(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 $260,133 ($ Thousands) have been pledged and $46,188 ($ Thousands) in cash as collateral for financial derivative instruments as governed by International Swaps and Derivatives Association, Inc. master agreements as of September 30, 2019.

5. BASIS FOR CONSOLIDATION FOR THE MULTI-ASSET ACCUMULATION FUND AND MULTI-ASSET INFLATION MANAGED FUND

The Consolidated Schedules of Investments, Consolidated Statements of Assets and Liabilities, Consolidated Statements of Operations, Consolidated Statements of Changes in Net Assets, Consolidated Statement of Cash Flows, and the Consolidated Financial Highlights of the Multi-Asset Accumulation Fund and Multi-Asset Inflation Managed Fund include the accounts of their respective Subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation for the Funds. Each of the

Subsidiaries has a fiscal year end of September 30th for financial statement consolidation purposes and a nonconforming tax year end of August 31.

The Subsidiaries are classified as controlled foreign corporations under the Internal Revenue Code of 1986 (“IRC”). Each Subsidiary’s taxable income is included in the calculation of the relevant Fund’s taxable income. Net losses of the Subsidiaries are not deductible by the Funds either in the current period or carried forward to future periods.

The Multi-Asset Accumulation Fund and Multi-Asset Inflation Managed Fund may each invest up to 25% of their total assets in its respective Subsidiary.

A summary of the Funds’ investments in the Subsidiaries are as follows:

	Inception Date of Subsidiary	Subsidiary Net Assets at September 30, 2019 ($ Thousands)	% of Total Net Assets at September 30, 2019
Dynamic Commodity Strategy Subsidiary, Ltd.	March 28, 2018	$ 32,092	4.0%
Accumulation Commodity Strategy Subsidiary, Ltd.	April 9, 2012	463,790	16.1%
Inflation Commodity Strategy Subsidiary Ltd.	April 9, 2012	156,145	18.3%

356 SEI Institutional Managed Trust / Annual Report / September 30, 2019

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	$	395		$	9,594		$	3,778
Net Realized Gain (Loss) on:
Investments		(174	)		(1,017	)		(7	)
Futures Contracts		—			(48,619	)		(16,749	)
Swap Contracts		(7,222	)		(1,099	)		(3,626	)
Options		—			—			(402	)
Net Change in Unrealized Appreciation (Depreciation) on:
Investments		699			5,386			78
Futures Contracts		—			(6,413	)		2,468
Swap Contracts		(842	)		621			(1,047	)
Options		—			—			(37	)
Foreign Currency and Translation of Other Assets and Liabilities Denominated in Foreign Currency		—			—			—
Total gains and losses attributed to the Funds’ investment in Subsidiaries	$	(7,144	)	$	(41,547	)	$	(15,544	)

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

SEI Institutional Managed Trust / Annual Report / September 30, 2019 357

Notes to Financial Statements/Consolidated Notes to Financial Statements (Continued)

September 30, 2019

are voluntarily and the Funds’ Adviser, Administrator and/or Distributor may discontinue all or part of any of these waivers at any time. In addition, some Funds may participate in a commission recapture program where the Funds’ trades may be executed through the Funds’ distributor, and a portion of the commissions paid on those trades are then used to pay the Funds’ expenses.

358 SEI Institutional Managed Trust / Annual Report / September 30, 2019

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 Fund3)
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%

SEI Institutional Managed Trust / Annual Report / September 30, 2019 359

Notes to Financial Statements/Consolidated Notes to Financial Statements (Continued)

September 30, 2019

			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(4)
Class F		1.5000%		0.25%		–		1.21%
Class Y		1.5000%		–		–		0.96%
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 April 1, 2019 the expense limitation was 0.95%, 1.20% and 0.70%.

(4) Prior to April 1, 2019 the expense limitation was 0.84% and 1.09%.

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%

360 SEI Institutional Managed Trust / Annual Report / September 30, 2019

	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, 2019, SIMC has entered into investment sub-advisory agreements with the following affiliated and unaffiliated parties:

Investment Sub-Adviser

Large Cap Fund

Brandywine Global Investment Management, LLC

Ceredex Value Advisors, LLC

Coho Partners, Ltd.

Fred Alger Management, Inc.

LSV Asset Management*

MarVista Investment Partners, LLC

Parametric Portfolio Associates LLC

Large Cap Value Fund

AQR Capital Management, LLC

Brandywine Global Investment Management, LLC

LSV Asset Management*

Parametric Portfolio Associates LLC

Shafer Cullen Capital Management Inc.

Large Cap Growth Fund

Fiera Capital Inc.

Fred Alger Management, Inc.

McKinley Capital Management, LLC

Parametric Portfolio Associates LLC

Large Cap Index Fund

SSGA Funds Management, Inc.

Tax-Managed Large Cap Fund

Brandywine Global Investment Management, LLC

Coho Partners, Ltd.

Fiera Capital Inc.

LSV Asset Management*

MarVista Investment Partners, LLC

Parametric Portfolio Associates LLC

Shafer Cullen Capital Management

S&P 500 Index Fund

SSGA Funds Management, Inc.

Small Cap Fund

Copeland Capital Management, LLC

EAM Investors, LLC

Falcon Point Capital, LLC

LMCG Investments, LLC

Parametric Portfolio Associates LLC

Rice Hall James & Associates

Snow Capital Management L.P.

Small Cap Value Fund

Cardinal Capital Management, L.L.C.

LSV Asset Management*

Parametric Portfolio Associates LLC

Snow Capital Management, L.P.

Small Cap Growth Fund

361 Capital, LLC

ArrowMark Colorado Holdings LLC

EAM Investors LLC

FalconPoint Capital, LLC

Parametric Portfolio Associates LLC

Tax-Managed Small/Mid Cap Fund

Cardinal Capital Management, L.L.C.

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

SEI Institutional Managed Trust / Annual Report / September 30, 2019 361

Notes to Financial Statements/Consolidated Notes to Financial Statements (Continued)

September 30, 2019

Wells Capital Management, Inc.

Real Estate Fund

CenterSquare Investment Management LLC

Core Fixed Income Fund

Jennison Associates LLC

MetLife Investment Management, LLC

Metropolitan West Asset Management, LLC

Wells Capital Management Incorporated

Western Asset Management Company

Western Asset Management Company Limited

High Yield Bond Fund

Ares Management LLC

Benefit Street Partners, LLC

Brigade Capital Management, LLC

J.P. Morgan Investment Management, Inc.

T. Rowe Price Associates, Inc.

Conservative Income Fund

BlackRock Advisors, LLC

Tax-Free Conservative Income Fund

BlackRock Advisors, LLC

Dynamic Asset Allocation Fund

SSGA Funds Management, Inc.

Multi-Strategy Alternative Fund

Brigade Capital Management, LLC

EMSO Partners Limited Management, LLC

Kettle Hill Capital Management LLC

Mountaineer Partners Management, LLC

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, 2019 were as follows ($ Thousands):

Real Estate Fund $        10

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, 2019 were as follows ($ Thousands):

Large Cap Fund	$	578
Large Cap Value Fund		358
Tax-Managed Large Cap Fund		726
Small Cap Value Fund		635
U.S. Managed Volatility Fund		2,119
Tax-Managed Managed Volatility Fund		1,777
Tax-Managed International Managed Volatility Fund		429
	$	6,622

On April 20, 2018, SIMC made a capital contribution to the Large Cap Index Fund in the amount of $330,025. The capital contribution offset the Fund’s performance deviation from its benchmark that resulted from an unusually large unanticipated cash flow that came into the Fund shortly after launch.

Fees Paid Indirectly — The Funds may direct certain fund trades to the Distributor who pays a portion of the Funds’ expenses. Accordingly, the expenses reduced, which were used to pay third party expenses, and the effect on the Funds’ expense ratio, as a percentage of the Funds’ average daily net assets for the year ended September 30, 2019, can be found on the Statements of Operations or Consolidated Statements of Operations

362 SEI Institutional Managed Trust / Annual Report / September 30, 2019

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, 2019, 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
Enhanced Income Fund	01/04/19	01/07/19	6,000	2	3.54%
High Yield Bond Fund	08/07/19	08/08/19	7,300	1	3.11%

7. CAPITAL SHARE TRANSACTIONS

Capital share transactions for the Funds were as follows (Thousands):

For the year ended September 30, 2019 and the year ended September 30, 2018.

	Large Cap Fund		Large Cap Value Fund		Large Cap Growth Fund		Large Cap Index Fund†
	2019	2018	2019	2018	2019	2018	2019	2018
Class F(1):
Shares Issued	22,876	29,633	7,825	5,041	5,799	4,121	26,747	24,944
Shares Issued in Lieu of Dividends and Distributions	21,742	11,197	5,345	2,397	4,746	3,119	538	124
Shares Redeemed	(42,937)	(48,868)	(11,012)	(9,447)	(9,338)	(11,018)	(6,611)	(2,515)
Total Increase (Decrease) in Net Assets Derived from Class F Transactions	1,681	(8,038)	2,158	(2,009)	1,207	(3,778)	20,674	22,553
Class I:
Shares Issued	–	–	20	14	8	15	–	–
Shares Issued in Lieu of Dividends and Distributions	–	–	16	7	11	7	–	–
Shares Redeemed	–	–	(74)	(41)	(42)	(29)	–	–
Total Decrease in Net Assets Derived from Class I Transactions	–	–	(38)	(20)	(23)	(7)	–	–
Class Y:
Shares Issued	2,661	809	1,462	905	982	400	–	–
Shares Issued in Lieu of Dividends and Distributions	1,293	737	604	245	468	277	–	–
Shares Redeemed	(3,116)	(3,603)	(989)	(616)	(540)	(740)	–	–
Total Increase (Decrease) in Net Assets Derived from Class Y Transactions	838	(2,057)	1,077	534	910	(63)	–	–
Increase (Decrease) in Capital Shares	2,519	(10,095)	3,197	(1,495)	2,094	(3,848)	20,674	22,553

SEI Institutional Managed Trust / Annual Report / September 30, 2019 363

Notes to Financial Statements/Consolidated Notes to Financial Statements (Continued)

September 30, 2019

	Tax-Managed Large Cap Fund		S&P 500 Index Fund(1)		Small Cap Fund		Small Cap Value Fund
	2019	2018	2019	2018	2019	2018	2019	2018
Class E:
Shares Issued	–	–	–	345	–	–	–	–
Shares Issued in Lieu of Dividends and Distributions	–	–	–	105	–	–	–	–
Shares Redeemed	–	–	–	(5,783)	–	–	–	–
Total Decrease in Net Assets Derived from Class E Transactions	–	–	–	(5,333)	–	–	–	–
Class F(1):
Shares Issued	13,184	17,428	2,096	8,507	8,784	9,853	2,612	2,866
Shares Issued in Lieu of Dividends and Distributions	2,267	2,483	457	200	6,810	3,016	1,413	1,112
Shares Redeemed	(23,199)	(23,839)	(3,693)	(2,512)	(13,777)	(8,925)	(3,858)	(4,162)
Total Increase (Decrease) in Net Assets Derived from Class F Transactions	(7,748)	(3,928)	(1,140)	6,195	1,817	3,944	167	(184)
Class I:
Shares Issued	–	–	20	15	–	–	13	9
Shares Issued in Lieu of Dividends and Distributions	–	–	2	2	–	–	10	8
Shares Redeemed	–	–	(37)	(29)	–	–	(32)	(19)
Total Decrease in Net Assets Derived from Class I Transactions	–	–	(15)	(12)	–	–	(9)	(2)
Class Y:
Shares Issued	4,633	1,885	–	126	979	277	566	180
Shares Issued in Lieu of Dividends and Distributions	287	272	–	15	377	198	182	122
Shares Redeemed	(2,091)	(1,896)	–	(854)	(919)	(883)	(221)	(105)
Total Increase (Decrease) in Net Assets Derived from Class Y Transactions	2,829	261	–	(713)	437	(408)	527	197
Increase (Decrease) in Capital Shares	(4,919)	(3,667)	(1,155)	137	2,254	3,536	685	11
	Small Cap Growth Fund		Tax-Managed Small/Mid Cap Fund		Mid-Cap Fund		U.S. Managed Volatility Fund
	2019	2018	2019	2018	2019	2018	2019	2018
Class F(1):
Shares Issued	1,650	1,683	4,881	5,753	1,002	1,117	10,963	8,805
Shares Issued in Lieu of Dividends and Distributions	1,257	29	2,892	594	464	277	5,700	4,331
Shares Redeemed	(2,676)	(1,813)	(7,370)	(5,504)	(1,886)	(916)	(15,224)	(17,592)
Total Increase (Decrease) in Net Assets Derived from Class F Transactions	231	(101)	403	843	(420)	478	1,439	(4,456)
Class I:
Shares Issued	7	8	–	–	3	6	6	5
Shares Issued in Lieu of Dividends and Distributions	8	—	–	–	4	2	8	7
Shares Redeemed	(20)	(19)	–	–	(6)	(11)	(2)	(27)
Total Increase (Decrease) in Net Assets Derived from Class I Transactions	(5)	(11)	–	–	1	(3)	12	(15)
Class Y:
Shares Issued	247	73	1,405	524	32	31	21,016	30,172
Shares Issued in Lieu of Dividends and Distributions	113	3	315	64	13	7	4,857	3,975
Shares Redeemed	(113)	(111)	(591)	(443)	(43)	(17)	(10,515)	(29,733)
Total Increase (Decrease) in Net Assets Derived from Class Y Transactions	247	(35)	1,129	145	2	21	15,358	4,414
Increase (Decrease) in Capital Shares	473	(147)	1,532	988	(417)	496	16,809	(57)
	Global Managed Volatility Fund		Tax-Managed Managed Volatility Fund		Tax-Managed International Managed Volatility Fund		Real Estate Fund
	2019	2018	2019	2018	2019	2018	2019	2018
Class F(1):
Shares Issued	19,429	20,682	9,626	10,661	8,345	10,005	1,250	1,545
Shares Issued in Lieu of Dividends and Distributions	8,609	6,370	2,427	2,187	728	649	488	665
Shares Redeemed	(33,529)	(32,841)	(14,856)	(15,284)	(9,446)	(8,562)	(1,569)	(4,352)
Total Increase (Decrease) in Net Assets Derived from Class F Transactions	(5,491)	(5,789)	(2,803)	(2,436)	(373)	2,092	169	(2,142)
Class I:
Shares Issued	5	22	–	–	–	–	1	1

364 SEI Institutional Managed Trust / Annual Report / September 30, 2019

	Global Managed Volatility Fund		Tax-Managed Managed     Volatility Fund		Tax-Managed International     Managed Volatility Fund		Real Estate Fund
	2019	2018	2019	2018	2019	2018	2019	2018
Shares Issued in Lieu of Dividends and Distributions	11	9	–	–	–	–	3	3
Shares Redeemed	(24)	(61)	–	–	–	–	(8)	(7)
Total Decrease in Net Assets Derived from Class I Transactions	(8)	(30)	–	–	–	–	(4)	(3)
Class Y:
Shares Issued	5,399	6,681	1,642	1,309	2,456	1,162	224	294
Shares Issued in Lieu of Dividends and Distributions	1,906	1,276	198	142	67	31	198	247
Shares Redeemed	(7,427)	(6,463)	(1,424)	(760)	(826)	(104)	(535)	(439)
Total Increase (Decrease) in Net Assets Derived from Class Y Transactions	(122)	1,494	416	691	1,697	1,089	(113)	102
Increase (Decrease) in Capital Shares	(5,621)	(4,325)	(2,387)	(1,745)	1,324	3,181	52	(2,043)

	Core Fixed Income Fund						High Yield Bond Fund
	2019			2018			2019			2018
Class F(1):
Shares Issued		57,929			42,581			55,885			52,420
Shares Issued in Lieu of Dividends and Distributions		8,578			4,573			13,337			12,167
Shares Redeemed		(75,678	)		(35,171	)		(68,200	)		(57,037)
Merger(3)		N/A			155,566			N/A			N/A
Total Increase (Decrease) in Net Assets Derived from Class F Transactions		(9,171	)		167,549			1,022			7,550
Class I:
Shares Issued		267			424			5,899			10
Shares Issued in Lieu of Dividends and Distributions		8			7			5			6
Shares Redeemed		(414	)		(383	)		(4,191	)		(99)
Total Increase (Decrease) in Net Assets Derived from Class I Transactions		(139	)		48			1,713			(83)
Class Y:
Shares Issued		8,411			6,623			5,701			3,711
Shares Issued in Lieu of Dividends and Distributions		1,115			640			1,820			1,653
Shares Redeemed		(7,982	)		(4,383	)		(5,585	)		(5,996)
Merger(3)		N/A			13,372			N/A			N/A
Total Increase (Decrease) in Net Assets Derived from Class Y Transactions		1,544			16,252			1,936			(632)
Increase (Decrease) in Capital Shares		(7,766	)		183,849			4,671			6,835

	Conservative Income Fund						Tax-Free Conservative Income Fund						Real Return Fund						Dynamic Asset Allocation Fund
	2019			2018			2019			2018			2019			2018			2019			2018
Class F(1):
Shares Issued		20,692			11,140			6,060			6,355			4,947			5,006			8,850			14,245
Shares Issued in Lieu of Dividends and Distributions		388			227			173			124			491			289			1,119			840
Shares Redeemed		(19,148	)		(9,427	)		(6,229	)		(6,568	)		(6,717	)		(6,357	)		(15,632	)		(12,142)
Total Increase (Decrease) in Net Assets Derived from Class F Transactions		1,932			1,940			4			(89	)		(1,279	)		(1,062	)		(5,663	)		2,943
Class Y:
Shares Issued		1,292			2,603			2,477			1,165			1,250			248			1,150			1,922
Shares Issued in Lieu of Dividends and Distributions		57			36			26			5			49			24			132			116
Shares Redeemed		(1,787	)		(1,887	)		(1,942	)		(436	)		(545	)		(404	)		(1,875	)		(2,165)
Total Increase (Decrease) in Net Assets Derived from Class Y Transactions		(438	)		752			561			734			754			(132	)		(593	)		(127)
Increase (Decrease) in Capital Shares		1,494			2,692			565			645			(525	)		(1,194	)		(6,256	)		2,816

	Multi-Strategy Alternative     Fund		Multi-Asset Accumulation     Fund		Multi-Asset Income     Fund
	2019	2018	2019	2018	2019	2018
Class F(1):
Shares Issued	8,335	9,584	36,812	57,354	13,813	20,107
Shares Issued in Lieu of Dividends and Distributions	2,184	1,003	8,008	11,460	2,342	2,607

SEI Institutional Managed Trust / Annual Report / September 30, 2019 365

Notes to Financial Statements/Consolidated Notes to Financial Statements (Continued)

September 30, 2019

	Multi-Strategy Alternative Fund						Multi-Asset Accumulation   Fund						Multi-Asset Income Fund
	2019			2018			2019			2018			2019			2018
Shares Redeemed		(11,839	)		(10,382	)		(65,271	)		(44,664	)		(19,246	)		(20,693)
Total Increase (Decrease) in Net Assets Derived from Class F Transactions		(1,320	)		205			(20,451	)		24,150			(3,091	)		2,021
Class Y:
Shares Issued		646			190			3,908			2,082			2,450			3,725
Shares Issued in Lieu of Dividends and Distributions		27			12			757			1,155			563			665
Shares Redeemed		(240	)		(92	)		(7,121	)		(3,772	)		(4,934	)		(3,203)
Total Increase (Decrease) in Net Assets Derived from Class Y Transactions		433			110			(2,456	)		(535	)		(1,921	)		1,187
Increase (Decrease) in Capital Shares		(887	)		315			(22,907	)		23,615			(5,012	)		3,208
							Multi-Asset Inflation Managed Fund						Multi-Asset Capital Stability Fund
							2019			2018			2019			2018
Class F(1):
Shares Issued								16,008			23,139			15,397			16,159
Shares Issued in Lieu of Dividends and Distributions								1,707			1,249			287			1,987
Shares Redeemed								(22,661	)		(19,420	)		(17,719	)		(17,923)
Total Increase (Decrease) in Net Assets Derived from Class F Transactions								(4,946	)		4,968			(2,035	)		223
Class Y:
Shares Issued								1,575			693			1,096			486
Shares Issued in Lieu of Dividends and Distributions								146			127			27			182
Shares Redeemed								(2,460	)		(1,375	)		(952	)		(1,134)
Total Increase (Decrease) in Net Assets Derived from Class Y Transactions								(739	)		(555	)		171			(466)
Increase (Decrease) in Capital Shares								(5,685	)		4,413			(1,864	)		(243)

(1) Commenced operations on January 31, 2018.

(2) On April 20, 2018, the Class Y shares and Class E shares were converted to Class F shares.

(3) See Note 13 in the Notes to Financial Statements.

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, 2019, were as follows:

	U.S. Gov’t ($ Thousands)		Other ($ Thousands)		Total ($ Thousands)
Large Cap Fund
Purchases		$    —		$ 1,670,390		$ 1,670,390
Sales		—		1,921,817		1,921,817
Large Cap Value Fund
Purchases		—		679,264		679,264
Sales		—		705,058		705,058
Large Cap Growth Fund
Purchases		—		1,280,999		1,280,999
Sales		—		1,373,578		1,373,578
Large Cap Index Fund
Purchases		—		217,050		217,050
Sales		—		19,204		19,204
Tax-Managed Large Cap Fund
Purchases		—		2,099,891		2,099,891
Sales		—		2,268,425		2,268,425
S&P 500 Index Fund
Purchases		—		88,998		88,998
Sales		—		171,529		171,529

	U.S. Gov’t ($ Thousands)		Other ($ Thousands)		Total ($ Thousands)
Small Cap Fund
Purchases		—		738,740		738,740
Sales		—		829,508		829,508
Small Cap Value Fund
Purchases		—		249,811		249,811
Sales		—		321,841		321,841
Small Cap Growth Fund
Purchases		—		610,824		610,824
Sales		—		642,306		642,306
Tax-Managed Small/Mid Cap Fund
Purchases		—		1,098,362		1,098,362
Sales		—		1,215,107		1,215,107
Mid-Cap Fund
Purchases		—		105,999		105,999
Sales		—		126,400		126,400
U.S. Managed Volatility Fund
Purchases		—		820,730		820,730
Sales		—		726,533		726,533
Global Managed Volatility Fund
Purchases		—		839,729		839,729
Sales		—		984,585		984,585
Tax-Managed Managed Volatility Fund
Purchases		—		302,598		302,598
Sales		—		373,780		373,780
Tax-Managed International Managed Volatility Fund

366 SEI Institutional Managed Trust / Annual Report / September 30, 2019

	U.S. Gov’t ($ Thousands)		Other ($ Thousands)		Total  ($ Thousands)
Purchases		—		201,712		201,712
Sales		—		189,495		189,495
Real Estate Fund
Purchases		—		92,119		92,119
Sales		—		99,976		99,976
Core Fixed Income Fund
Purchases		13,196,881		2,897,364		16,094,245
Sales		13,049,437		3,010,577		16,060,014
High Yield Bond Fund
Purchases		—		936,400		936,400
Sales		—		955,890		955,890
Conservative Income Fund
Purchases		—		—		—
Sales		—		—		—
Tax-Free Conservative Income Fund
Purchases		—		—		—
Sales		—		—		—
Real Return Fund
Purchases		84,637		—		84,637
Sales		96,013		—		96,013
Dynamic Asset Allocation Fund
Purchases		—		141,174		141,174
Sales		—		39,506		39,506
Multi-Strategy Alternative Fund
Purchases		—		1,062,438		1,062,438
Sales		—		1,144,798		1,144,798
Multi-Asset Accumulation Fund
Purchases		543,615		241,071		784,686
Sales		580,728		335,467		916,195
Multi-Asset Income Fund
Purchases		306,824		346,761		653,585
Sales		280,518		377,863		658,381
Multi-Asset Inflation Managed Fund
Purchases		171,427		116,026		287,453
Sales		181,728		129,377		311,105
Multi-Asset Capital Stability Fund
Purchases		255,223		36,828		292,051
Sales		198,425		50,406		248,831

9. FEDERAL TAX INFORMATION

It is each Fund’s intention to continue to qualify as a regulated investment company under Subchapter M of The Internal Revenue Code and distribute all of its taxable income (including net capital gains). Accordingly, no provision for Federal income taxes is required.

The Multi-Asset Accumulation and Multi-Asset Inflation Managed Funds have each requested private letter rulings from the Internal Revenue Service (“IRS”) concluding that the income generated from their investment in their respective Subsidiaries, each of which invests in commodity-linked derivatives, will be “qualifying income” for regulated investment company (“RIC”) qualification purposes, regardless of whether actual distributions are made to the Funds by the respective Subsidiary.

In July 2011, the IRS suspended the issuance of private letter rulings regarding the investment by RICs into controlled foreign corporations which principally invest in commodities, such as the Subsidiaries, indicating that it was reconsidering its policies surrounding the issuance of these rulings. The Multi-Asset Accumulation and Multi-Asset Inflation Managed Funds have secured an opinion of counsel based on customary representations that actual distributions made to the Funds should be treated as “qualifying income”. The Treasury released a proposed regulation in October 2016 stating that income inclusion from a controlled foreign corporation is treated as dividends i.e. qualifying income only to the extent that the Funds received cash distributions from the subsidiary. The Treasury released a final regulation in March 2019 reversing its position on the proposed regulation by removing the cash distribution requirement. As a conservative measure, the Funds will continue to follow their existing distribution policy.

The Real Estate Fund has a tax year that ends on December 31. The following tax disclosures are representative as of September 30, 2019, except for the permanent reclassification and tax character of distributions, which are as of December 31, 2018. Accordingly, the disclosures are for informational use by shareholders and are subject to change attributable to activity through the end of the tax year-ending December 31, 2019.

Dividends from net investment income and distributions from net realized capital gains are determined in accordance with U.S. Federal income tax regulations, which may differ from those amounts determined under U.S. GAAP. These book/tax differences are either temporary or permanent in nature. To the extent these differences are permanent, they are charged or credited to paid-in capital, distributable earnings, as appropriate, in the period that the differences arise.

Accordingly, the following permanent differences, primarily attributable to different treatment for gains and losses on paydowns of mortgage and asset-backed securities for tax purposes, defaulted bond basis adjustments, reclassification of long term capital gain distributions on REIT securities, reclassification of income and expense from swap transactions, Treasury Inflation-Protected Securities and net operating losses, basis adjustments for investments in partnerships, and gains and losses on passive foreign investment companies, 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

SEI Institutional Managed Trust / Annual Report / September 30, 2019 367

Notes to Financial Statements/Consolidated Notes to Financial Statements (Continued)

September 30, 2019

in-kind redemptions, have been reclassified to/from the following accounts as of September 30, 2019:

	Distributable Earnings (Loss) ($Thousands)				Paid-in- Capital ($ Thousands)
Large Cap Value Fund		$	4			$	(4	)
Tax-Managed Large Cap Fund			(16	)			16
S&P 500 Index Fund			(1,900	)			1,900

	Distributable Earnings (Loss) ($Thousands)			Paid-in- Capital ($ Thousands)
Small Cap Growth Fund		510			(510	)
Multi-Strategy Alternative Fund		4			(4	)
Multi-Asset Capital Stability Fund		4			(4	)
Multi-Asset Income Fund		(1,331	)		1,331

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, 2019 or September 30, 2018 (unless otherwise indicated) was as follows:

		Ordinary Income ($ Thousands)		Long-term Capital Gain ($ Thousands)		Return of Capital    ($ Thousands)		Tax Exempt Income   ($ Thousands)		Total ($ Thousands)
Large Cap Fund
	2019	$	63,187	$	249,425	$	—	$	—	$        312,612
	2018		24,161		163,013		—		—	187,174
Large Cap Value Fund
	2019		38,436		101,919		—		—	140,355
	2018		22,219		48,679		—		—	70,898
Large Cap Growth Fund
	2019		26,844		148,720		—		—	175,564
	2018		4,438		118,351		—		—	122,789
Large Cap Index Fund
	2019		5,225		226		—		—	5,451
	2018		1,229		—		—		—	1,229
Tax-Managed Large Cap Fund
	2019		45,630		27,405		—		—	73,035
	2018		31,067		46,098		—		—	77,165
S&P 500 Index Fund
	2019		17,279		14,403		—		—	31,682
	2018		17,056		5,078		—		—	22,134
Small Cap Fund
	2019		27,739		51,099		—		—	78,838
	2018		5,565		38,028		—		—	43,593
Small Cap Value Fund
	2019		9,854		24,382		—		—	34,236
	2018		3,700		29,488		—		—	33,188
Small Cap Growth Fund
	2019		9,428		36,322		—		—	45,750
	2018		—		1,186		—		—	1,186
Tax-Managed Small/Mid Cap Fund
	2019		4,292		66,298		—		—	70,590
	2018		724		16,005		—		—	16,729
Mid-Cap Fund
	2019		4,906		8,115		—		—	13,021
	2018		4,862		4,552		—		—	9,414
U.S. Managed Volatility Fund
	2019		46,210		140,953		—		—	187,163
	2018		47,998		111,818		—		—	159,816
Global Managed Volatility Fund
	2019		35,198		86,795		—		—	121,993
	2018		26,382		76,034		—		—	102,416
Tax-Managed Managed Volatility Fund
	2019		17,492		30,837		—		—	48,329
	2018		15,125		28,360		—		—	43,485
Tax-Managed International Managed Volatility Fund

368 SEI Institutional Managed Trust / Annual Report / September 30, 2019

		Ordinary Income     ($ Thousands)		Long-term Capital Gain     ($ Thousands)		Return of Capital     ($ Thousands)		Tax Exempt Income     ($ Thousands)		Total     ($ Thousands)
	2019	$	8,922	$	—	$	—	$	—	$                8,922
	2018		9,141		—		—		—	9,141
Real Estate Fund
	2019		1,882		9,180		—		—	11,062
	2018		2,513		13,955		—		—	16,468
Core Fixed Income Fund
	2019		118,680		—		—		—	118,680
	2018		62,547		—		—		—	62,547
High Yield Bond Fund
	2019		115,162		—		—		—	115,162
	2018		108,348		—		—		—	108,348
Conservative Income Fund
	2019		6,029		—		—		—	6,029
	2018		3,625		—		—		—	3,625
Tax-Free Conservative Income Fund
	2019		—		5		—		2,440	2,445
	2018		—		—		—		1,660	1,660
Real Return Fund
	2019		6,427		—		—		—	6,427
	2018		3,769		—		—		—	3,769
Dynamic Asset Allocation Fund
	2019		14,835		—		—		—	14,835
	2018		12,839		—		—		—	12,839
Multi-Strategy Alternative Fund
	2019		8,425		14,279		—		—	22,704
	2018		11,213		—		—		—	11,213
Multi-Asset Accumulation Fund
	2019		77,546		7,028		—		—	84,574
	2018		55,747		79,460		—		—	135,207
Multi-Asset Income Fund
	2019		35,715		—		—		—	35,715
	2018		35,157		2,671		2,095		—	39,923
Multi-Asset Inflation Managed Fund
	2019		16,073		—		—		—	16,073
	2018		12,654		—		—		—	12,654
Multi-Asset Capital Stability Fund
	2019		3,823		—		—		—	3,823
	2018		21,764		5,775		—		—	27,539

As of September 30, 2019, the components of Distributable Earnings/(Accumulated Losses) were as follows:

	Undistributed Ordinary Income     ($ Thousands)		Undistributed Long-Term Capital Gain     ($ Thousands)		Undistributed Tax-Exempt Income     ($ Thousands)		Capital Loss Carryforwards     ($ Thousands)		Post- October Losses     ($ Thousands)		Late Year Ordinary Losses     ($ Thousands)		Unrealized Appreciation (Depreciation)     ($ Thousands)		Other Temporary Differences     ($ Thousands)		Total Distributable Earnings (Accumulated Losses)  ($ Thousands)
Large Cap Fund	$	8,055	$	137,273	$	—	$	—	$	—	$	—	$	455,957	$	(7)	$	601,278
Large Cap Value Fund		11,779		21,200		—		—		—		—		214,412		(5)		247,386
Large Cap Growth Fund		2,821		81,977		—		—		—		—		464,279		(2)		549,075
Large Cap Index Fund		1,992		165		—		—		—		—		24,462		—		26,619
Tax-Managed Large Cap Fund		13,034		294,023		—		—		—		—		1,812,354		4		2,119,415
S&P 500 Index Fund		3,357		22,015		—		—		—		—		508,458		(4)		533,826
Small Cap Fund		252		—		—		(1,718)		(16,167)		—		31,469		66		13,902
Small Cap Value Fund		1,552		—		—		—		(6,060)		—		16,038		(2)		11,528
Small Cap Growth Fund		—		10,441		—		—		—		(852)		12,796		1		22,386

SEI Institutional Managed Trust / Annual Report / September 30, 2019 369

Notes to Financial Statements/Consolidated Notes to Financial Statements (Continued)

September 30, 2019

	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)
Tax-Managed Small/Mid Cap Fund	$	990	$	18,055	$	—	$	—		$	—		$	—	$	250,855		$	—		$	269,900
Mid-Cap Fund		301		1,401		—		—			—			—		7,061			(2	)		8,761
U.S. Managed Volatility Fund		8,156		44,181		—		—			—			—		301,068			3			353,408
Global Managed Volatility Fund		27,612		35,165		—		—			—			—		162,230			—			225,007
Tax-Managed Managed Volatility Fund		3,733		20,821		—		—			—			—		430,528			(2	)		455,080
Tax-Managed International Managed Volatility Fund		10,062		—		—		(12,216	)		(13,448	)		—		35,027			2			19,427
Real Estate Fund		—		7,221		—		—			—			—		29,686			(2	)		36,905
Core Fixed Income Fund		46,457		—		—		(1,763	)		—			—		101,105			(36,491	)		109,308
High Yield Bond Fund		6,970		—		—		(64,298	)		—			—		(123,184	)		(7,574	)		(188,086	)
Conservative Income Fund		84		—		—		—			—			—		62			(102	)		44
Tax-Free Conservative Income Fund		—		—		31		—			(15	)		—		4			(29	)		(9	)
Real Return Fund		448		—		—		(5,267	)		—			—		(104	)		(956	)		(5,879	)
Dynamic Asset Allocation Fund		13,342		—		—		(19,784	)		—			—		225,645			1			219,204
Multi-Strategy Alternative Fund		2,117		—		—		—			(13,714	)		—		(2,659	)		(836	)		(15,092	)
Multi-Asset Accumulation Fund		199,188		128,747		—		—			—			—		(174,510	)		(12,192	)		141,233
Multi-Asset Income Fund		8,803		—		—		(17	)		—			—		34,426			(4,088	)		39,124
Multi-Asset Inflation Managed Fund		10,729		—		—		(32,455	)		(12,071	)		—		(105,835	)		(3,538	)		(143,170	)
Multi-Asset Capital Stability Fund		19,443		417		—		—			—			—		4,591			(1,622	)		22,829

Post October losses represent losses realized on investment transactions from November 1, 2018 through September 30, 2019 that, in accordance with Federal income tax regulations, the Funds may defer and treat as having arisen in the following fiscal year. Deferred Late-Year Losses represent ordinary losses realized on

investment transactions from January 1, 2019 through September 30, 2019 and specified losses realized on investment transactions from November 1, 2018 through September 30, 2019, that, in accordance with Federal income tax regulations, the Fund defers and treats as having arisen in the following fiscal year.

For Federal income tax purposes, capital loss carryforwards may be carried forward and applied against future capital gains. Under the Regulated Investment Company Modernization Act of 2010, Funds will be permitted to carry forward capital losses incurred in taxable years beginning after December 22, 2010 for an unlimited period. However, any losses incurred during those future taxable years are required to be utilized prior to the losses incurred in pre-enactment taxable years. As a result of this ordering rule, pre-enactment capital loss carryforwards are more likely to expire unused. Additionally, post-enactment capital losses that are carried forward will retain their character as either short-term or long-term capital losses rather than being considered all short-term as under previous law. Losses carried forward under these new provisions are as follows:

	Short-Term Loss ($ Thousands)		Long-Term Loss ($ Thousands)		Total * ($ Thousands)
Small Cap Fund	$	1,718	$	–	$	1,718
Tax-Managed International Managed Volatility Fund		12,216		–		12,216
Real Return Fund		1,350		3,917		5,267
Core Fixed Income Fund(1)		227		1,536		1,763
Dynamic Asset Allocation Fund		18,596		1,188		19,784
Multi-Asset Income Fund		17		–		17
Multi-Asset Inflation Managed Fund		32,455		–		32,455

* This table should be used in conjunction with the capital loss carryforwards table.

(1) The Utilization is subject to a limitation.

During the fiscal year ended September 30, 2019, the following Funds utilized capital loss carryforward to offset capital gains:

	Amount Utilized ($ Thousands)
Core Fixed Income Fund		56,915
Multi-Asset Income Fund		2,591

For Federal income tax purposes, the cost of investments owned at September 30, 2019, 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

370 SEI Institutional Managed Trust / Annual Report / September 30, 2019

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, 2019, were as follows:

	Federal Tax Cost ($ Thousands)		Appreciated Securities ($ Thousands)		Depreciated Securities ($ Thousands)			Net Unrealized Appreciation (Depreciation) ($ Thousands)
Large Cap Fund	$	1,863,620	$	524,965	$	(69,008	)	$	455,957
Large Cap Value Fund		1,129,078		272,351		(57,939	)		214,412
Large Cap Growth Fund		1,015,948		477,023		(12,744	)		464,279
Large Cap Index Fund		430,916		43,930		(19,468	)		24,462
Tax-Managed Large Cap Fund		2,217,160		1,839,135		(26,781	)		1,812,354
S&P 500 Index Fund		325,103		525,037		(16,579	)		508,458
Small Cap Fund		573,390		78,549		(47,080	)		31,469
Small Cap Value Fund		312,635		51,225		(35,187	)		16,038
Small Cap Growth Fund		338,997		44,421		(31,625	)		12,796
Tax-Managed Small/Mid Cap Fund		698,041		257,154		(6,299	)		250,855
Mid-Cap Fund		98,511		13,039		(5,978	)		7,061
U.S. Managed Volatility Fund		1,531,224		344,567		(43,499	)		301,068
Global Managed Volatility Fund		1,106,378		208,392		(46,062	)		162,330
Tax-Managed Managed Volatility Fund		663,045		434,368		(3,841	)		430,527
Tax-Managed International Managed Volatility Fund		335,671		46,186		(11,193	)		34,993
Real Estate Fund		111,938		32,747		(3,078	)		29,669
Core Fixed Income Fund		4,492,951		151,267		(50,162	)		101,105
High Yield Bond Fund		1,762,501		75,160		(198,344	)		(123,184	)
Conservative Income Fund		252,228		72		(11	)		61
Tax-Free Conservative Income Fund		180,133		29		(25	)		4
Real Return Fund		251,835		1,185		(1,290	)		(105	)
Dynamic Asset Allocation Fund		554,168		271,036		(45,391	)		225,645
Multi-Strategy Alternative Fund		458,519		12,725		(15,389	)		(2,664	)
Multi-Asset Accumulation Fund		2,331,617		76,300		(250,812	)		(174,512	)
Multi-Asset Income Fund		907,529		66,525		(32,123	)		34,402
Multi-Asset Inflation Managed Fund		1,155,899		75,339		(181,174	)		(105,835	)
Multi-Asset Capital Stability Fund		668,880		7,492		(2,906	)		4,586

Management has analyzed the Funds’ tax positions taken on federal income tax returns for all open tax years and has concluded that as of September 30, 2019, no provision for income tax would be required in the Funds’ financial statements. The Funds’ federal and state income and federal excise tax returns for tax years for which the applicable statutes of limitations have

not expired are subject to examination by the Internal Revenue Service and state departments of revenue.

10. SECURITIES LENDING

Each Fund may lend portfolio securities to brokers, dealers and other financial organizations that meet capital and other credit requirements or other criteria established by the Board. These loans may not exceed 33 1/3% of the total asset value of the Fund (including the loan collateral). No Fund will lend portfolio securities to its Adviser, sub-adviser or their affiliates unless it has applied for and received specific authority to do so from the SEC. Loans of portfolio securities will be fully collateralized by cash, letters of credit or U.S. Government securities. Collateral will be maintained in an amount equal to at least 100% of the current market value of the loaned securities by marking to market daily, although the borrower will be required to deliver collateral between 102% and 105% of the market value of borrowed securities for domestic and foreign securities, respectively. However, due to market fluctuations during the day, the value of securities loaned on a particular day may, during the course of the day, exceed the value of collateral. On each business day, the amount of collateral is adjusted based on the prior day’s market fluctuations and the current day’s lending activity. Income from lending activity is determined by the amount of interest earned on collateral, less any amounts payable to the borrowers of the securities and the lending agent. Lending securities involves certain risks, including the risk that the Fund may be delayed or restricted from recovering the loomed securities or disposing of the collateral for the loan, which could give rise to loss because at adverse market actions expenses and/ or delays in connection with the disposition of the underlying securities.

Cash collateral received in connection with securities lending is invested in eligible securities by the lending agent. These investments may include the SEI Liquidity Fund L.P. (“Liquidity Fund”), and the Fund bears its pro rata portion of the Liquidity Fund’s expenses and is subject to the risk of loss in the underlying investments of the Liquidity Fund. There is no guarantee that these investments will not lose value.

The following is a summary of securities lending agreements held by certain Funds which would

SEI Institutional Managed Trust / Annual Report / September 30, 2019 371

Notes to Financial Statements/Consolidated Notes to Financial Statements (Continued)

September 30, 2019

be subject to offset as of September 30, 2019 ($ Thousands):

	Securities  Loaned at  Value		Cash Collateral Received (1)		Net Amount
Large Cap Fund	$	29,436	$	29,436	$	–
Large Cap Value Fund		921		921		–
Large Cap Growth Fund		5,874		5,874		–
Large Cap Index Fund		684		684		–
Tax-Managed Large Cap Fund		38,938		38,938		–
Small Cap Fund		16,240		16,240		–
Small Cap Value Fund		8,319		8,319		–
Small Cap Growth Fund		23,082		23,082		–
Tax-Managed Small/Mid Cap Fund		76,613		76,613		–
Core Fixed Income Fund		88,813		88,813		–

(1) Excess collateral received in connection with the above securities lending transactions is not shown for financial reporting purposes. See each Fund’s Summary Schedule of Investments or Schedule of Investments for the total collateral received.

11. CONCENTRATION/RISKS

In the normal course of business, the Trust enters into contracts that provide general indemnifications by the Trust to the counterparty to the contract. The Trust’s maximum exposure under these arrangements is dependent on future claims that may be made against the Trust and, therefore, cannot be estimated; however, Management believes that, based on experience, the risk of loss from such claims is considered remote.

To the extent consistent with its investment strategy a Fund may have one or more of the following principle risks:

Arbitrage Strategies Risk — Arbitrage strategies involve engaging in transactions that attempt to exploit price differences of identical, related or similar securities on different markets or in different forms. The Fund may realize losses or a reduced rate of return if underlying relationships among securities in which it takes investment positions change in an adverse manner or if a transaction is unexpectedly terminated or delayed. Trading to seek short-term capital appreciation can be expected to cause the Fund’s portfolio turnover rate to be substantially higher than that of the average equity-oriented investment company.

Asset-Backed Securities Risk — Payment of principal and interest on asset-backed securities is dependent largely on the cash flows generated by the assets backing the securities. Securitization trusts generally do not have any assets or sources of funds other than the receivables and related property they own, and asset-backed securities are generally not insured or guaranteed by the related sponsor or any other entity. Asset-backed securities may be more illiquid than more

conventional types of fixed income securities that the Fund may acquire.

Bank Loans Risk — With respect to bank loans, the Fund will assume the credit risk of both the borrower and the lender that is selling the participation in the loan. The Fund may also have difficulty disposing of bank loans because, in certain cases, the market for such instruments is not highly liquid.

Below Investment Grade Securities (Junk Bonds) Risk — Fixed income securities rated below investment grade ( junk bonds) involve greater risks of default or downgrade and are generally more volatile than investment grade securities because the prospect for repayment of principal and interest of many of these securities is speculative. Because these securities typically offer a higher rate of return to compensate investors for these risks, they are sometimes referred to as “high yield bonds,” but there is no guarantee that an investment in these securities will result in a high rate of return.

Call Risk — Issuers of callable bonds may call (redeem) securities with higher coupons or interest rates before their maturity dates. The Fund may be forced to reinvest the unanticipated proceeds at lower interest rates, resulting in a decline in the Fund’s income. Bonds may be called due to falling interest rates or non-economical circumstances.

Collateralized Debt Obligations (CDOs) andCollateralized 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

372 SEI Institutional Managed Trust / Annual Report / September 30, 2019

companies or other entities in order to finance their current operations. Such investments are unsecured and usually discounted from their value at maturity. The value of commercial paper may be affected by changes in the credit rating or financial condition of the issuing entities and will tend to fall when interest rates rise and rise when interest rates fall. Asset-backed commercial paper may be issued by structured investment vehicles or other conduits that are organized to issue the commercial paper and to purchase trade receivables or other financial assets. The repayment of asset-backed commercial paper depends primarily on the cash collections received from such issuer’s underlying asset portfolio and the issuer’s ability to issue new asset-backed commercial paper.

Commodity Investments and Derivatives Risk — Commodity investments and derivatives may be more volatile and less liquid than direct investments in the underlying commodities themselves. Commodity related equity returns can also be affected by the issuer’s financial structure or the performance of unrelated businesses. The value of a commodity investment or a derivative investment in commodities is typically based upon the price movements of a physical commodity, a commodity futures contract or commodity index or some other readily measurable economic variable that is dependent upon changes in the value of commodities or the commodities markets. The value of these securities will rise or fall in response to changes in the underlying commodity or related benchmark or investment, changes in interest rates or factors affecting a particular industry or commodity, such as natural disasters, weather and U.S. and international economic, political and regulatory developments.

Commodity-Linked Securities Risk — Investments in commodity-linked securities may be more volatile and less liquid than direct investments in the underlying commodities themselves. Commodity-related equity returns can also be affected by the issuer’s financial structure or the performance of unrelated businesses.

Concentration Risk — A downturn in the financial services industry would impact the Fund more than a portfolio that does not concentrate in securities issued by companies in the financial services industry.

Convertible and Preferred Securities Risk — Convertible and preferred securities have many of the same characteristics as stocks, including many of the same risks. In addition, convertible securities may be more sensitive to changes in interest rates than stocks. Convertible securities may also have credit ratings below investment grade, meaning that they carry a

higher risk of failure by the issuer to pay principal and/or interest when due.

Corporate Fixed Income Securities Risk — Corporate fixed income securities respond to economic developments, especially changes in interest rates, as well as perceptions of the creditworthiness and business prospects of individual issuers.

Credit Risk — The risk that the issuer of a security or the counterparty to a contract will default or otherwise become unable to honor a financial obligation.

Currency Risk — As a result of the Fund’s investments in securities or other investments denominated in, and/ or receiving revenues in, foreign currencies, the Fund will be subject to currency risk. Currency risk is the risk that foreign currencies will decline in value relative to the U.S. dollar or, in the case of hedging positions, that the U.S. dollar will decline in value relative to the currency hedged. In either event, the dollar value of an investment in the Fund would be adversely affected. Currency exchange rates may fluctuate in response to, among other things, changes in interest rates, intervention (or failure to intervene) by U.S. or foreign governments, central banks or supranational entities, or by the imposition of currency controls or other political developments in the United States or abroad.

Depositary Receipts Risk — Depositary receipts, such as ADRs, are certificates evidencing ownership of shares of a foreign issuer that are issued by depositary banks and generally trade on an established market. Depositary receipts are subject to many of the risks associated with investing directly in foreign securities, including, among other things, political, social and economic developments abroad, currency movements and different legal, regulatory and tax environments.

Derivatives Risk — The Fund’s use of futures contracts is subject to leverage risk, correlation risk, liquidity risk and market risk. Leverage risk and liquidity risk are described below. Market risk is the risk that the market value of an investment may move up and down, sometimes rapidly and unpredictably. Correlation risk is the risk that changes in the value of the derivative may not correlate perfectly with the underlying asset, rate or index. Each of these risks could cause the Fund to lose more than the principal amount invested in a derivative instrument. The Fund’s use of derivatives may also increase the amount of taxes payable by shareholders. The Fund’s use of derivatives may also increase the amount of taxes payable by shareholders. Both U.S. and non-U.S. regulators are in the process of adopting and 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,

SEI Institutional Managed Trust / Annual Report / September 30, 2019 373

Notes to Financial Statements/Consolidated Notes to Financial Statements (Continued)

September 30, 2019

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.

Equity Market Risk — The risk that the market value of a security may move up and down, sometimes rapidly and unpredictably. Equity market risk may affect a single issuer, an industry, a sector or the equity or bond market as a whole.

Event-Driven Strategies Risk — Event-driven strategies involve making evaluations and predictions about both the likelihood that a particular event in the life of a company will occur and the impact such an event will have on the value of the company’s securities. The transaction in which such a company is involved may be unsuccessful, take considerable time (or longer than anticipated) or may result in a distribution of cash or a new security, the value of which may be less than the purchase price of the company’s security. If an anticipated transaction does not occur, the Fund may be required to sell its securities at a loss.

Exchange-Traded Funds (ETFs) Risk — The risks of owning shares of an ETF generally reflect the risks of owning the underlying securities the ETF is designed to track, although lack of liquidity in an ETF could result in its value being more volatile than the underlying portfolio securities. When the Fund invests in an ETF, in addition to directly bearing the expenses associated with its own operations, it will bear a pro rata portion of the ETF’s expenses.

Exchange-Traded Notes (ETNs) Risk — The value of an ETN is subject to the credit risk of the issuer.

There may not be an active trading market available for some ETNs. Additionally, trading of ETNs may be halted or the ETN may be delisted by the listing exchange.

Extension Risk — The risk that rising interest rates may extend the duration of a fixed income security, typically reducing the security’s value.

Financial Services Industry Risk — The Conservative Income Fund’s portfolio is concentrated in investments in securities issued by companies in the financial services industry. The financial services industry is subject to extensive government regulation. Profitability is largely dependent on the availability and cost of capital, and can fluctuate significantly when interest rates change. Financial services companies are highly dependent on short-term interest rates and typically 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

374 SEI Institutional Managed Trust / Annual Report / September 30, 2019

additional lending to defaulting governments; and (iii) there is no bankruptcy proceeding by which defaulted sovereign debt may be collected in whole or in part.

Income Risk — An investment in the Fund is subject to income risk, which is the possibility that the Fund’s yield will decline due to falling interest rates.

Inflation Protected Securities Risk — The value of inflation protected securities, including TIPS, generally will fluctuate in response to changes in “real” interest rates, generally decreasing when real interest rates rise and increasing when real interest rates fall. Real interest rates represent nominal (or stated) interest rates reduced by the expected impact of inflation. In addition, interest payments on inflation indexed securities will generally vary up or down along with the rate of inflation.

Interest Rate Risk — The risk that a rise in interest rates will cause a fall in the value of fixed income securities, including U.S. Government securities, in which the Fund invests. Although U.S. Government securities are considered to be among the safest investments, they are not guaranteed against price movements due to changing interest rates. A low interest rate environment may present greater interest rate risk because there may be a greater likelihood of rates increasing and rates may increase more rapidly.

Investment Company and Exchange-Traded Funds (ETFs) Risk — When the Fund invests in an investment company, in addition to directly bearing the expenses associated with its own operations, it will bear a pro rata portion of the investment company’s expenses. In addition, while the risks of owning shares of an investment company generally reflect the risks of owning the underlying investments of the investment company, the Fund may be subject to additional or different risks than if the Fund had invested directly in the underlying investments. For example, the lack of liquidity in an ETF could result in its value being more volatile than the underlying portfolio securities. Closed-end investment companies issue a fixed number of shares that trade on a stock exchange or over-the-counter at a premium or a discount to their net asset value. As a result, a closed-end fund’s share price fluctuates based on what another investor is willing to pay rather than on the market value of the securities in the fund.

Investment in the Subsidiary Risk — A Subsidiary is not registered under the Investment Company Act of 1940 (the 1940 Act) and, unless otherwise noted in this prospectus, is not subject to all of the investor protections of the 1940 Act. Thus, the Fund, as an investor in a Subsidiary, will not have all of the protections offered to investors in registered investment companies. In addition, changes in the laws of the

United States and/or the Cayman Islands, under which the Fund and a Subsidiary, respectively, are organized, could result in the inability of the Fund and/or a Subsidiary to operate as intended and could negatively affect the Fund and its shareholders.

Investment Style Risk — The risk that large capitalization securities may underperform other segments of the equity markets or the equity markets as a whole.

Large Capitalization Risk — The risk that larger, more established companies may be unable to respond quickly to new competitive challenges such as changes in technology and consumer tastes. Larger companies 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

SEI Institutional Managed Trust / Annual Report / September 30, 2019 375

Notes to Financial Statements/Consolidated Notes to Financial Statements (Continued)

September 30, 2019

these events, the Fund’s value may fluctuate and/or the Fund may experience increased redemptions from shareholders, which may impact the Fund’s liquidity or force the Fund to sell securities into a declining or illiquid market.

Master Limited Partnership (MLP) Risk — Investments in units of MLPs involve risks that differ from an investment in common stock. Holders of the units of MLPs have more limited control and limited rights to vote on matters affecting the partnership. There are also certain tax risks associated with an investment in units of MLPs. In addition, conflicts of interest may exist between common unit holders, subordinated unit holders and the general partner of an MLP, including a conflict arising as a result of incentive distribution payments. The benefit the Fund derives from investment in MLP units is largely dependent on the MLPs being treated as partnerships and not as corporations for federal income tax purposes. If an MLP were classified as a corporation for federal income tax purposes, there would be a reduction in the after-tax return to the Fund of distributions from the MLP, likely causing a reduction in the value of the Fund’s shares. MLP entities are typically focused in the energy, natural resources and real estate sectors of the economy. A downturn in the energy, natural resources or real estate sectors of the economy could have an adverse impact on the Fund. At times, the performance of securities of companies in the energy, natural resources and real estate sectors of the economy may lag the performance of other sectors or the broader market as a whole. The Internal Revenue Code of 1986, as amended, provides that the Fund is permitted to invest up to 25% of its assets in one or more qualified publicly traded partnerships (QPTPs), which will include certain MLPs, and treat the income allocated by such QPTPs as qualifying income for purposes of the regulated investment company annual qualifying income requirements described in “Taxes” below.

Mortgage Dollar Rolls Risk — Mortgage dollar rolls are transactions in which the Fund sells securities (usually mortgage-backed securities) and simultaneously contracts to repurchase substantially similar, but not identical, securities on a specified future date. If the broker-dealer to whom the Fund sells the security becomes insolvent, the Fund’s right to repurchase the security may be restricted. Other risks involved in entering into mortgage dollar rolls include the risk that the value of the security may change adversely over the term of the mortgage dollar roll and that the security the Fund is required to repurchase may be worth less than the security that the Fund originally held.

Mortgage-Backed Securities Risk — Mortgage-backed securities are affected significantly by the rate of prepayments and modifications of the mortgage loans

backing those securities, as well as by other factors such as borrower defaults, delinquencies, realized or liquidation losses and other shortfalls. Mortgage backed securities are particularly sensitive to prepayment risk, which is described below, given that the term to maturity for mortgage loans is generally substantially longer than the expected lives of those securities; however, the timing and amount of prepayments cannot be accurately predicted. The timing of changes in the rate of prepayments of the mortgage loans may significantly affect the Fund’s actual yield to maturity on any mortgage-backed securities, even if the average rate of principal payments is consistent with the Fund’s 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-

376 SEI Institutional Managed Trust / Annual Report / September 30, 2019

Adviser to identify and obtain appropriate investments

for the Fund’s portfolio. Also, there may be economic or political changes that impact the ability of issuers of municipal securities to repay principal and to make interest payments on securities owned by the Fund. Any changes in the financial condition of municipal issuers may also adversely affect the value of the Fund’s securities.

Non-Diversified Risk — The Multi-Asset accumulation and Multi-asset Inflation Managed Funds are non-diversified, which means that they may invest in the securities of relatively few issuers. As a result, these Funds may be more susceptible to a single adverse economic or political occurrence affecting one or more of these issuers and may experience increased volatility due to its investments in those securities.

Opportunity Risk — The risk of missing out on an investment opportunity because the assets necessary to take advantage of it are tied up in other investments.

Portfolio Turnover Risk — Due to its investment strategy, the Fund may buy and sell securities frequently. This may result in higher transaction costs and additional capital gains tax liabilities, which may affect the Fund’s performance.

Prepayment Risk — The risk that, in a declining interest rate environment, fixed income securities with stated interest rates may have the principal paid earlier than expected, requiring the Fund to invest the proceeds at generally lower interest rates.

Private Placements Risk — Investment in privately placed securities may be less liquid than in publicly traded securities. Although these securities may be resold in privately negotiated transactions, the prices realized from these sales could be less than those originally paid by the Fund or less than what may be considered the fair value of such securities. Further, companies whose securities are not publicly traded may not be subject to the disclosure and other investor protection requirements that might be applicable if their securities were publicly traded.

Real Estate Industry Risk — Securities of companies principally engaged in the real estate industry may be subject to the risks associated with the direct ownership of real estate. Risks commonly associated with the direct ownership of real estate include fluctuations in the value of underlying properties, defaults by borrowers or tenants, changes in interest rates and risks related to general or local economic conditions. The Fund’s investments are concentrated in issuers conducting business in the real estate industry, and therefore the Fund is subject to risks associated with legislative or

regulatory changes, adverse market conditions and/or increased competition affecting that industry.

Real Estate Investment Trusts (REITs) Risk — REITs are trusts that invest primarily in commercial real estate or real estate-related loans. The Fund’s investments in REITs will be subject to the risks associated with the direct ownership of real estate. Risks commonly associated with the direct ownership of real estate include fluctuations in the value of underlying properties, defaults by borrowers or tenants, changes in interest rates and risks related to general or local economic conditions. Some REITs may have limited diversification 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

SEI Institutional Managed Trust / Annual Report / September 30, 2019 377

Notes to Financial Statements/Consolidated Notes to Financial Statements (Continued)

September 30, 2019

invests in such instruments directly, it will seek to restrict its income from commodity-linked derivative instruments that do not generate qualifying income, such as commodity-linked swaps, to a maximum of 10% of its gross income (when combined with its other investments that produce nonqualifying income) to comply with certain qualifying income tests necessary for the Fund to qualify as a regulated investment company (RIC) under Subchapter M of the Internal Revenue Code of 1986, as amended. The tax treatment of certain commodity-linked derivative instruments may be affected by future regulatory or legislative changes that could affect the character, timing and/or amount of the Fund’s taxable income or gains and distributions. The Fund intends to hold certain commodity-related investments indirectly through a Subsidiary. The Fund believes that income from the Subsidiary will be qualifying income because it expects that the Subsidiary will make annual distributions of its earnings and profits. The Fund intends to secure an opinion of counsel based on customary representations that actual distributions made to the Fund from its Subsidiary should be treated as “qualifying income.” If the Fund did not qualify as a RIC for any taxable year and certain relief provisions were not available, the Fund’s taxable income would be subject to tax at the Fund level and to a further tax at the shareholder level when such income is distributed. Failure to comply with the requirements for qualification as a RIC would have significant negative tax consequences to Fund shareholders.

Taxation Risk — The Fund is managed to minimize tax consequences to investors, but will likely earn taxable income and gains from time to time.

Tracking Error Risk — The risk that the Fund’s performance may vary substantially from the performance of the benchmark index it tracks as a result of cash flows, Fund expenses, imperfect correlation between the Fund’s investments and the index’s components and other factors.

U.S. Government Securities Risk — Although U.S. Government securities are considered to be among the safest investments, they are not guaranteed against price movements due to changing interest rates. Obligations issued by some U.S. Government agencies are backed by the U.S. Treasury, while others are backed solely by the ability of the agency to borrow from the U.S. Treasury or by the agency’s own resources.

Warrants Risk — Warrants are instruments that entitle the holder to buy an equity security at a specific price for a specific period of time. Warrants may be more speculative than other types of investments. The price of a warrant may be more volatile than the price of its underlying security, and a warrant may offer greater

potential for capital appreciation as well as capital loss. A warrant ceases to have value if it is not exercised prior to its expiration date.

The foregoing is not intended to be a complete discussion of the risks associated with investing in a Fund. Please review each Fund’s current prospectus for additional disclosures regarding the principal risks associated with investing in a Fund.

12. CONCENTRATION OF SHAREHOLDERS

SEI Private Trust Company (“SPTC”) and SIMC are subsidiaries of SEI Investments Company. As of September 30, 2019, SPTC held of record the following percentage of outstanding shares of each Fund:

Fund	% Held
Large Cap Fund
Class F		97.98	%
Class Y		19.40
Large Cap Value Fund
Class F		92.65	%
Class I		18.19
Class Y		99.38
Large Cap Growth Fund
Class F		91.89	%
Class I		22.05
Class Y		98.99
Large Cap Index Fund
Class F		99.66	%
Tax-Managed Large Cap Fund
Class F		86.29	%
Class Y		55.10
S&P 500 Index Fund
Class F		50.43	%
Class I		37.21
Small Cap Fund
Class F		98.33	%
Class Y		28.47
Small Cap Value Fund
Class F		92.32	%
Class I		9.47
Class Y		98.93
Small Cap Growth Fund
Class F		90.44	%
Class I		11.81
Class Y		97.95
Tax-Managed Small/Mid Cap Fund
Class F		91.27	%
Class Y		55.62
Mid-Cap Fund
Class F		83.96	%
Class I		0.00
Class Y		50.31
U.S. Managed Volatility Fund
Class F		88.19	%

378 SEI Institutional Managed Trust / Annual Report / September 30, 2019

Fund	% Held
Class I		0.00
Class Y		8.06
Global Managed Volatility Fund
Class F		94.04	%
Class I		0.00
Class Y		34.67
Tax-Managed Managed Volatility Fund
Class F		86.75	%
Class Y		68.64
Tax-Managed International Managed Volatility Fund
Class F		96.79	%
Class Y		82.02
Real Estate Fund
Class F		79.39	%
Class I		0.00
Class Y		49.65
Core Fixed Income Fund
Class F		96.43	%
Class I		35.40
Class Y		48.68
High Yield Bond Fund
Class F		94.99	%
Class I		96.43
Class Y		48.77
Conservative Income Fund
Class F		98.56	%
Class Y		38.15
Tax-Free Conservative Income Fund
Class F		98.74	%
Class Y		92.00
Real Return Fund
Class F		98.31	%
Class Y		40.79
Dynamic Asset Allocation Fund
Class F		97.83	%
Class Y		9.15
Multi-Strategy Alternative Fund
Class F		98.09	%
Class Y		64.91
Multi-Asset Accumulation Fund
Class F		98.57	%
Class Y		13.36
Multi-Asset Income Fund
Class F		93.32	%

Fund	% Held
Class Y		51.94
Multi-Asset Inflation Managed Fund
Class F		98.62	%
Class Y		19.65
Multi-Asset Capital Stability Fund
Class F		98.76	%
Class Y		18.61

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. FUND MERGER

At a meeting held on December 4, 2017, the Board determined that it was in the best interest of the U.S. Fixed Income Fund and its shareholders to reorganize the U.S. Fixed Income Fund into the Core Fixed Income Fund (each a “Fund” and together, the “Funds”), also a series of the Trust. The investment objective of the Funds was the same, which is to seek current income consistent with the preservation of capital. Also, the principal investment strategies of the two Funds were substantially similar. Accordingly, the Board approved an Agreement and Plan of Reorganization (the “Plan of Reorganization”) that provided for the reorganization of the U.S. Fixed Income Fund (“Acquired Fund”) into the Core Fixed Income Fund (“Surviving Fund”). The transaction was tax-free, meaning that the U.S. Fixed Income Fund’s shareholders became shareholders of the Core Fixed Income Fund without realizing any gain or loss for federal income tax purposes.

The Reorganization occurred as of the close of business on August 10, 2018, whereby all of the assets of the Acquired Fund were transferred to the corresponding Surviving Fund and shareholders of Class F Shares and Class Y Shares of the Acquired Fund received shares of Class F Shares and Class Y shares of the Surviving Fund, respectively, in exchange for their shares as follows ($ Thousands).

Acquired Fund	Net Assets ($ Thousands)	Shares		Net Investment Income ($ Thousands)			Net Realized Loss on Investments ($ Thousands)			Unrealized Depreciation on Investments ($ Thousands)
U.S. Fixed Income Fund	$1,853,263		186,914		$	(1)		$	(44,750)		$	(14,284)

Surviving Fund	Shares Issues		Net Assets         Prior to Merger         ($ Thousands)		Net Assets After Merger ($ Thousands)
Core Fixed Income Fund		168,938	$	2,161,422	$	4,014,685

SEI Institutional Managed Trust / Annual Report / September 30, 2019 379

Notes to Financial Statements/Consolidated Notes to Financial Statements (Concluded)

September 30, 2019

Because the combined investment portfolios have been managed as a single integrated portfolio since the Reorganization was completed, it is not practicable to separate the amounts of revenue and earnings of the U.S. Fixed Income Fund that have been included in the Surviving Fund’s Statement of Operations since August 10, 2018.

Assuming the Reorganization had been completed on October 1, 2017, the beginning of the annual reporting period the Acquired Fund pro forma results of operations for the period ended September 30, 2018 are as follows ($ Thousands):

Acquired Fund	Net Investment Income ($ Thousands)	Net Realized Loss on Investments ($ Thousands)	Unrealized Depreciation on Investments ($ Thousands)
U.S. Fixed Income Fund	$96,476	$(57,786)		$(96,373	)

Because the combined investment portfolios have been managed as a single integrated portfolio since the acquisition was completed, it is not practicable to separate the amounts of revenue and earnings of U.S. Fixed Income Fund that have been included in the Fund’s Statement of Operations since August 10, 2018.

For financial reporting purposes, assets received and shares issued by the Fund were recorded at fair value; however, the cost basis of the investments received from U.S. Fixed Income Fund, in the amount of $1,976,180 (000), was carried forward to align ongoing reporting of the Fund’s realized and unrealized gains and losses with amounts distributable to shareholders for tax purposes. The Fund acquired capital loss carryovers are as follows

($ Thousands):

	Short-Term Loss ($ Thousands)		Long-Term Loss ($ Thousands)		Total ($ Thousands)
U.S. Fixed Income Fund	$	13,163	$	25,699	$	38,862

14. NEW ACCOUNTING PRONOUNCEMENT

In August 2018, the FASB issued Accounting Standards Update 2018-13, Fair Value Measurement (Topic 820). The new guidance includes additions and modifications to disclosures requirements for fair value measurements. For public entities, the amendments are effective for financial statements issued for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. At this time, management is currently evaluating the impact of this new guidance on the financial statements and disclosures.

15. 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.

On August 17, 2018, the SEC adopted amendments to Regulation S-X. These changes are effective for periods after November 5, 2018. The updates to Registered Investment Companies were mainly focused on simplifying the presentation of distributable earnings by eliminating the need to present the components of distributable earnings on a book basis in the Statements of Assets and Liabilities/Consolidated Statements of Assets and Liabilities. The update also impacted the presentation of undistributed net investment income and distribution to shareholders on the Statements of Changes in Net Assets. The amounts presented in the current Statements of Changes in Net Assets/Consolidated Statements of Changes in Net Assets represent the aggregated total distributions of net investment income and realized capital gains, except for distributions classified as return of capital which are still presented separately. The disaggregated amounts from the prior fiscal year are broken out below if there were both distributions from net investment income and realized capital gains. Otherwise, the amount on the

380 SEI Institutional Managed Trust / Annual Report / September 30, 2019

current Statement of Changes for the prior fiscal year end represents distributions of net investment income:

	Net Investment         Income		Net Realized Gains		Total
Large Cap Fund
Class F		$20,429		$155,771	$	176,200
Class Y		1,590		9,384		10,974
Large Cap Value Fund
Class F		18,678		45,218		63,896
Class I		55		164		219
Class Y		2,246		4,537		6,783
Large Cap Growth Fund
Class F		2,022		109,987		112,009
Class I		1		286		287
Class Y		422		10,071		10,493
Tax-Managed Large Cap Fund
Class F		27,609		42,173		69,782
Class Y		3,458		3,925		7,383
S&P 500 Index Fund
Class E		4,249		2,887		7,136
Class F		10,057		3,776		13,833
Class I		90		55		145
Class Y		609		411		1,020
Small Cap Fund
Class F		–		41,012		41,012
Class Y		11		2,570		2,581
Small Cap Value Fund
Class F		2,304		27,242		29,546
Class I		11		200		211
Class Y		357		3,074		3,431
Small Cap Growth Fund
Class F		–		1,080		1,080
Class I		–		7		7
Class Y		–		99		99
Tax-Managed Small/Mid Cap Fund
Class F		546		14,622		15,168
Class Y		179		1,382		1,561
Mid-Cap Fund
Class F		892		8,262		9,154
Class I		4		61		65
Class Y		25		170		195
U.S. Managed Volatility Fund
Class F		14,288		73,695		87,983
Class I		17		104		121
Class Y		12,038		59,674		71,712
Global Managed Volatility Fund
Class F		18,701		67,396		86,097
Class I		21		86		107
Class Y		4,329		11,883		16,212
Tax-Managed Managed Volatility Fund
Class F		14,038		26,713		40,751
Class Y		1,087		1,647		2,734
Real Estate Fund
Class F		1,561		10,611		12,172
Class I		6		45		51
Class Y		573		3,672		4,245
High Yield Bond Fund
Class F		77,103		18,986		96,089
Class I		33		11		44
Class Y		9,850		2,365		12,215

	Net Investment         Income		Net Realized Gains		Total
Conservative Income Fund
Class F		3,259		2		3,261
Class Y		364		–		364
Dynamic Asset Allocation Fund
Class F		10,480		884		11,364
Class Y		1,383		92		1,475
Multi-Strategy Alternative Fund
Class F		1,267		9,825		11,092
Class Y		27		94		121
Multi-Asset Accumulation Fund
Class F		–		123,715		123,715
Class Y		–		11,492		11,492
Multi-Asset Income Fund
Class F		24,006		6,954		30,960
Class Y		5,369		1,499		6,868
Multi-Asset Capital Stability Fund
Class F		13,747		11,949		25,696
Class Y		1,008		835		1,843

16. 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, 2019.

SEI Institutional Managed Trust / Annual Report / September 30, 2019 381

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 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, and Tax-Managed International Managed Volatility Fund, including the summary schedules of investments, and the statements of assets and liabilities of the Real Estate Fund, Core Fixed Income Fund, High Yield Bond Fund, Conservative Income Fund, Tax-Free Conservative 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, 2019, 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, except for the Large Cap Index Fund for which the date is the year ended September 30, 2019 and the period from January 31, 2018 (commencement of operations) through September 30, 2018, 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, 2019, 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, 2019, 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, except for the Large Cap Index Fund for which the date is the year ended September 30, 2019 and the period from January 31, 2018 (commencement of operations) through September 30, 2018, 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 audit to obtain reasonable assurance about whether the financial statements and consolidated financial statements and financial highlights and consolidated financial highlights are free of material misstatement, 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, 2019, 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

382 SEI Institutional Managed Trust / Annual Report / September 30, 2019

highlights and consolidated financial highlights. We believe that our audits provide a reasonable basis for our opinion.

We have served as the auditor of one or more SEI Funds investment companies since 2005.

Philadelphia, Pennsylvania

November 27, 2019

SEI Institutional Managed Trust / Annual Report / September 30, 2019 383

Trustees and Officers of the Trust (Unaudited)

The following chart lists Trustees and Officers as of September 30, 2019.

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 1-877-835-4531.

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 73 yrs. old	Chairman of the Board of Trustees*	since 1995	Currently performs various services on behalf of SEI for which Mr. Nesher is compensated.	98	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. 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, SEI Insurance Products Trust, Adviser Managed Trust, The New Covenant Funds and SEI Catholic Values Trust.
William M. Doran One Freedom Valley Drive Oaks, PA 19456 79 yrs. old	Trustee*	since 1995	Self-employed consultant since 2003.Partner, Morgan, Lewis & Bockius LLP (law firm) from 1976 to 2003. Counsel to the Trust, SEI, SIMC, the Administrator and the Distributor.	98	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 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, SEI Insurance Products 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 76 yrs. old	Trustee	since 1996	Retired since January 2012. Self-Employed Consultant, Newfound Consultants Inc. April 1997-December 2011.	98	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/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, SEI Insurance Products Trust, Adviser Managed Trust, New Covenant Funds, The KP Funds and SEI Catholic Values Trust.

* Messrs. Nesher and Doran are Trustees who may be deemed as “interested” persons of the Trust as that term is defined in the 1940 Act by virtue of their affiliation with SIMC and the Trust’s Distributor.

1 Each trustee shall hold office during the lifetime of this Trust until the election and qualification of his or her successor, or until he or she sooner dies, resigns or is removed in accordance with the Trust’s Declaration of Trust

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, SEI Insurance Products Trust, SEI Catholic Values Trust and New Covenant Funds.

384 SEI Institutional Managed Trust / Annual Report / September 30, 2019

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 62 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.	98	Director of SEI Alpha Strategy Portfolios, LP from 2007 to 2013. Trustee of SEI Liquid Asset Trust from 2003 to 2016. Trustee/Director of SEI Structured Credit Fund, L.P., SEI Asset Allocation Trust, SEI Daily Income Trust, SEI Institutional Managed Trust, SEI Institutional International Trust, SEI Institutional Investments Trust, SEI Tax Exempt Trust, SEI Insurance Products Trust, New Covenant Funds, Adviser Managed Trust and SEI Catholic Values Trust.
James M. Williams One Freedom Valley Drive, Oaks, PA 19456 71 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.	98	Director of SEI Alpha Strategy Portfolios, LP from 2007 to 2013, Trustee of SEI Liquid Asset Trust from 2004 to 2016. Trustee/Director of Ariel Mutual Funds, SEI Structured Credit Fund, LP, SEI Asset Allocation Trust, SEI Daily Income Trust, SEI Institutional Managed Trust, SEI Institutional International Trust, SEI Institutional Investments Trust, SEI Tax Exempt Trust, New Covenant Funds, SEI Insurance Products Trust, Adviser Managed Trust and SEI Catholic Values Trust.
Mitchell A. Johnson One Freedom Valley Drive, Oaks, PA 19456 77 yrs. old	Trustee	since 2007	Retired Private Investor since 1994.	98	Director, Federal Agricultural Mortgage Corporation (Farmer Mac) since 1997. Director of SEI Alpha Strategy Portfolios, LP from 2007 to 2013. Trustee of SEI Liquid Asset Trust from 2007 to 2016. Trustee of the Advisors’ Inner Circle Fund, The Advisors’ Inner Circle Fund II, Bishop Street Funds, SEI Asset Allocation Trust, SEI Daily Income Trust, SEI Institutional Managed Trust, SEI Institutional International Trust, SEI Institutional Investments Trust, SEI Tax Exempt Trust, SEI Insurance Products Trust, Adviser Managed Trust, The KP Funds, New Covenant Funds and SEI Catholic Values Trust.
Hubert L. Harris, Jr. One Freedom Valley Drive, Oaks, PA 19456 76 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.	98	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 Liquid Asset Trust from 2008 to 2016. Trustee of SEI Asset Allocation Trust, SEI Daily Income Trust, SEI Institutional Managed Trust, SEI Institutional International Trust, SEI Institutional Investments Trust, SEI Tax Exempt Trust, SEI Insurance Products Trust, New Covenant Funds, Adviser Managed Trust and SEI Catholic Values Trust.
Susan C. Cote One Freedom Valley Drive Oaks, PA 19456 64 years old	Trustee	since 2016	Retired since July 2015. Treasurer and Chair of Finance, Investment and Audit Committee of the New York Women’s Foundation from 2009 to 2017. Americas Director of Asset Management, Ernst & Young LLP from 2006-2013. Global Asset Management Assurance Leader, Ernst & Young LLP from 2006- 2015. Partner Ernst & Young LLP from 1997-2015. Prudential, 1983-1997.Member of the Ernst & Young LLP Retirement Investment Committee.	98	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, SEI Insurance Products Trust, New Covenant Funds, Adviser Managed Trust and SEI Catholic Values Trust.
James B. Taylor One Freedom Valley Drive Oaks, PA 19456 68 years old	Trustee	since 2018	Retired since December 2017. Chief Investment Officer at Georgia Teach 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.	98	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, SEI Insurance Products Trust 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, SEI Insurance Products Trust, SEI Catholic Values Trust and New Covenant Funds.

SEI Institutional Managed Trust / Annual Report / September 30, 2019 385

Trustees and Officers of the Trust (Unaudited) (Concluded)

Name Address, and Age	Position(s) Held with Trusts	Term of Office and Length of Time Served1	Principal Occupation(s) During Past Five Years	Number of Portfolios in Fund Complex Overseen by Trustee2	Other Directorships Held by Trustee
OFFICERS
Robert A. Nesher One Freedom Valley Drive, Oaks, PA 19456 73 yrs. Old	President and CEO	since 2005	Currently performs various services on behalf of SEI for which Mr. Nesher is compensated.	N/A	N/A
James J. Hoffmayer One Freedom Valley Drive Oaks, PA 19456 45 yrs. old	Controller and Chief Financial Officer	since 2016	Senior Director, Funds Accounting and Fund Administration, SEI Investments Global Funds Services (since September 2016); Senior Director of Fund Administration, SEI Investments Global Funds Services (since October 2014). Director of Financial Reporting, SEI Investments Global Funds Services (November 2004 – October 2014).	N/A	N/A
Glenn R. Kurdziel One Freedom Valley Drive Oaks, PA 19456 45 yrs. old	Assistant Controller	since 2017	Assistant Controller, Funds Accounting, SEI Investments Global Funds Services (March 2017); Senior Manager, Funds Accounting, SEI Investments Global Funds Services since 2005.	N/A	N/A
Russell Emery One Freedom Valley Drive Oaks, PA 19456 56 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 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 and 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, Winton Series Trust and Winton Diversified Opportunities Fund since 2014. Chief Compliance Officer of SEI Catholic Values Trust and Gallery Trust since 2015.	N/A	N/A
Timothy D Barto One Freedom Valley Drive Oaks, PA 19456 51 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 48 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 43 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 51 yrs. old	Vice President	since 2012	Director of Global Investment Product Management January 2004 - to present.	N/A	N/A
Bridget E. Sudall One Freedom Valley Drive Oaks, PA 19456 38 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.

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, SEI Insurance Products Trust, SEI Catholic Values Trust and New Covenant Funds.

386 SEI Institutional Managed Trust / Annual Report / September 30, 2019

Disclosure of Fund Expenses (Unaudited)

September 30, 2019

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 4/1/19		Ending Account Value 9/30/19		Annualized Expense Ratios			Expenses Paid During Period *
Large Cap Fund
Actual Fund Return
Class F Shares	$	1,000.00	$	1,043.50		0.89	%	$	4.56
Class Y Shares		1,000.00		1,044.70		0.64			3.28
Hypothetical 5% Return
Class F Shares	$	1,000.00	$	1,020.61		0.89	%	$	4.51
Class Y Shares		1,000.00		1,021.86		0.64			3.24
Large Cap Value Fund
Actual Fund Return
Class F Shares	$	1,000.00	$	1,026.10		0.89	%	$	4.52
Class I Shares		1,000.00		1,024.80		1.11			5.63
Class Y Shares		1,000.00		1,027.30		0.64			3.25
Hypothetical 5% Return
Class F Shares	$	1,000.00	$	1,020.61		0.89	%	$	4.51
Class I Shares		1,000.00		1,019.50		1.11			5.62
Class Y Shares		1,000.00		1,021.86		0.64			3.24

	Beginning Account Value 4/1/19		Ending Account Value 9/30/19		Annualized Expense Ratios			Expenses Paid During Period *
Large Cap Growth Fund
Actual Fund Return
Class F Shares	$	1,000.00	$	1,037.70		0.89	%	$	4.55
Class I Shares		1,000.00		1,036.70		1.11			5.67
Class Y Shares		1,000.00		1,039.20		0.64			3.27
Hypothetical 5% Return
Class F Shares	$	1,000.00	$	1,020.61		0.89	%	$	4.51
Class I Shares		1,000.00		1,019.50		1.11			5.62
Class Y Shares		1,000.00		1,021.86		0.64			3.24
Large Cap Index Fund
Actual Fund Return
Class F Shares	$	1,000.00	$	1,055.90		0.25	%	$	1.29
Hypothetical 5% Return
Class F Shares	$	1,000.00	$	1,023.82		0.25	%	$	1.27

SEI Institutional Managed Trust / Annual Report / September 30, 2019 387

Disclosure of Fund Expenses (Unaudited) (Concluded)

September 30, 2019

	Beginning Account Value 4/1/19		Ending Account Value 9/30/19		Annualized Expense Ratios			Expenses Paid During Period *
Tax-Managed Large Cap Fund
Actual Fund Return
Class F Shares	$	1,000.00	$	1,048.20		0.89	%	$	4.57
Class Y Shares		1,000.00		1,049.50		0.64			3.29
Hypothetical 5% Return
Class F Shares	$	1,000.00	$	1,020.61		0.89	%	$	4.51
Class Y Shares		1,000.00		1,021.86		0.64			3.24
S&P 500 Index Fund
Actual Fund Return
Class F Shares	$	1,000.00	$	1,059.80		0.25	%	$	1.29
Class I Shares		1,000.00		1,057.70		0.65			3.35
Hypothetical 5% Return
Class F Shares	$	1,000.00	$	1,023.82		0.25	%	$	1.27
Class I Shares		1,000.00		1,021.81		0.65			3.29
Small Cap Fund
Actual Fund Return
Class F Shares	$	1,000.00	$	998.70		1.14	%	$	5.71
Class Y Shares		1,000.00		999.10		0.89			4.46
Hypothetical 5% Return
Class F Shares	$	1,000.00	$	1,019.35		1.14	%	$	5.77
Class Y Shares		1,000.00		1,020.61		0.89			4.51
Small Cap Value Fund
Actual Fund Return
Class F Shares	$	1,000.00	$	994.60		1.14	%	$	5.70
Class I Shares		1,000.00		993.40		1.36			6.80
Class Y Shares		1,000.00		995.40		0.89			4.45
Hypothetical 5% Return
Class F Shares	$	1,000.00	$	1,019.35		1.14	%	$	5.77
Class I Shares		1,000.00		1,018.25		1.36			6.88
Class Y Shares		1,000.00		1,020.61		0.89			4.51
Small Cap Growth Fund
Actual Fund Return
Class F Shares	$	1,000.00	$	966.40		1.11	%	$	5.47
Class I Shares		1,000.00		964.60		1.36			6.70
Class Y Shares		1,000.00		967.30		0.86			4.24
Hypothetical 5% Return
Class F Shares	$	1,000.00	$	1,019.50		1.11	%	$	5.62
Class I Shares		1,000.00		1,018.25		1.36			6.88
Class Y Shares		1,000.00		1,020.76		0.86			4.36
Tax-Managed Small/Mid Cap Fund
Actual Fund Return
Class F Shares	$	1,000.00	$	1,020.80		1.11	%	$	5.62
Class Y Shares		1,000.00		1,021.40		0.89			4.51
Hypothetical 5% Return
Class F Shares	$	1,000.00	$	1,019.50		1.11	%	$	5.62
Class Y Shares		1,000.00		1,020.61		0.89			4.51

	Beginning Account Value 4/1/19		Ending Account Value 9/30/19		Annualized Expense Ratios			Expenses Paid During Period *
Mid-Cap Fund
Actual Fund Return
Class F Shares	$	1,000.00	$	1,012.00		0.98	%	$	4.94
Class I Shares		1,000.00		1,011.30		1.20			6.05
Class Y Shares		1,000.00		1,013.30		0.73			3.68
Hypothetical 5% Return
Class F Shares	$	1,000.00	$	1,020.16		0.98	%	$	4.96
Class I Shares		1,000.00		1,019.05		1.20			6.07
Class Y Shares		1,000.00		1,021.41		0.73			3.70
U.S. Managed Volatility Fund
Actual Fund Return
Class F Shares	$	1,000.00	$	1,062.40		0.90	%	$	4.65
Class I Shares		1,000.00		1,061.10		1.15			5.94
Class Y Shares		1,000.00		1,063.70		0.65			3.36
Hypothetical 5% Return
Class F Shares	$	1,000.00	$	1,020.56		0.90	%	$	4.56
Class I Shares		1,000.00		1,019.30		1.15			5.82
Class Y Shares		1,000.00		1,021.81		0.65			3.29
Global Managed Volatility Fund
Actual Fund Return
Class F Shares	$	1,000.00	$	1,059.10		1.11	%	$	5.73
Class I Shares		1,000.00		1,058.70		1.36			7.02
Class Y Shares		1,000.00		1,060.90		0.86			4.44
Hypothetical 5% Return
Class F Shares	$	1,000.00	$	1,019.50		1.11	%	$	5.62
Class I Shares		1,000.00		1,018.25		1.36			6.88
Class Y Shares		1,000.00		1,020.76		0.86			4.36
Tax-Managed Managed Volatility Fund
Actual Fund Return
Class F Shares	$	1,000.00	$	1,067.90		1.00	%	$	5.18
Class Y Shares		1,000.00		1,069.80		0.75			3.89
Hypothetical 5% Return
Class F Shares	$	1,000.00	$	1,020.05		1.00	%	$	5.06
Class Y Shares		1,000.00		1,021.31		0.75			3.80
Tax-Managed International Managed Volatility Fund
Actual Fund Return
Class F Shares	$	1,000.00	$	1,007.50		1.11	%	$	5.59
Class Y Shares		1,000.00		1,009.40		0.86			4.33
Hypothetical 5% Return
Class F Shares	$	1,000.00	$	1,019.50		1.11	%	$	5.62
Class Y Shares		1,000.00		1,020.76		0.86			4.36
Real Estate Fund
Actual Fund Return
Class F Shares	$	1,000.00	$	1,096.90		1.14	%	$	5.99
Class I Shares		1,000.00		1,095.80		1.36			7.15
Class Y Shares		1,000.00		1,098.90		0.89			4.68
Hypothetical 5% Return
Class F Shares	$	1,000.00	$	1,019.35		1.14	%	$	5.77
Class I Shares		1,000.00		1,018.25		1.36			6.88
Class Y Shares		1,000.00		1,020.61		0.89			4.51

388 SEI Institutional Managed Trust / Annual Report / September 30, 2019

	Beginning Account Value 4/1/19		Ending Account Value 9/30/19		Annualized Expense Ratios			Expenses Paid During Period *
Core Fixed Income Fund
Actual Fund Return
Class F Shares	$	1,000.00	$	1,055.00		0.66	%	$	3.40
Class I Shares		1,000.00		1,053.90		0.88			4.53
Class Y Shares		1,000.00		1,057.20		0.41			2.11
Hypothetical 5% Return
Class F Shares	$	1,000.00	$	1,021.76		0.66	%	$	3.35
Class I Shares		1,000.00		1,020.66		0.88			4.46
Class Y Shares		1,000.00		1,023.01		0.41			2.08
High Yield Bond Fund
Actual Fund Return
Class F Shares	$	1,000.00	$	1,033.90		0.89	%	$	4.54
Class I Shares		1,000.00		1,033.00		1.11			5.66
Class Y Shares		1,000.00		1,036.60		0.64			3.27
Hypothetical 5% Return
Class F Shares	$	1,000.00	$	1,020.61		0.89	%	$	4.51
Class I Shares		1,000.00		1,019.50		1.11			5.62
Class Y Shares		1,000.00		1,021.86		0.64			3.24
Conservative Income Fund
Actual Fund Return
Class F Shares	$	1,000.00	$	1,011.60		0.30	%	$	1.51
Class Y Shares		1,000.00		1,012.10		0.20			1.01
Hypothetical 5% Return
Class F Shares	$	1,000.00	$	1,023.56		0.30	%	$	1.52
Class Y Shares		1,000.00		1,024.07		0.20			1.01
Tax-Free Conservative Income Fund
Actual Fund Return
Class F Shares	$	1,000.00	$	1,006.80		0.30	%	$	1.51
Class Y Shares		1,000.00		1,007.30		0.20			1.01
Hypothetical 5% Return
Class F Shares	$	1,000.00	$	1,023.56		0.30	%	$	1.52
Class Y Shares		1,000.00		1,024.07		0.20			1.01
Real Return Fund
Actual Fund Return
Class F Shares	$	1,000.00	$	1,017.50		0.45	%	$	2.28
Class Y Shares		1,000.00		1,018.70		0.35			1.77
Hypothetical 5% Return
Class F Shares	$	1,000.00	$	1,022.81		0.45	%	$	2.28
Class Y Shares		1,000.00		1,023.31		0.35			1.78

	Beginning Account Value 4/1/19		Ending Account Value 9/30/19		Annualized Expense Ratios			Expenses Paid During Period *
Dynamic Asset Allocation Fund
Actual Fund Return
Class F Shares	$	1,000.00	$	1,076.50		0.75	%	$	3.90
Class Y Shares		1,000.00		1,078.10		0.50			2.60
Hypothetical 5% Return
Class F Shares	$	1,000.00	$	1,021.31		0.75	%	$	3.80
Class Y Shares		1,000.00		1,022.56		0.50			2.54
Multi-Strategy Alternative Fund
Actual Fund Return
Class F Shares	$	1,000.00	$	1,020.20		1.26	%	$	6.38
Class Y Shares		1,000.00		1,021.30		1.01			5.12
Hypothetical 5% Return
Class F Shares	$	1,000.00	$	1,018.75		1.26	%	$	6.38
Class Y Shares		1,000.00		1,020.00		1.01			5.11
Multi-Asset Accumulation Fund
Actual Fund Return
Class F Shares	$	1,000.00	$	1,079.20		1.17	%	$	6.10
Class Y Shares		1,000.00		1,079.70		0.92			4.80
Hypothetical 5% Return
Class F Shares	$	1,000.00	$	1,019.20		1.17	%	$	5.92
Class Y Shares		1,000.00		1,020.46		0.92			4.66
Multi-Asset Income Fund
Actual Fund Return
Class F Shares	$	1,000.00	$	1,045.10		0.80	%	$	4.10
Class Y Shares		1,000.00		1,045.70		0.70			3.59
Hypothetical 5% Return
Class F Shares	$	1,000.00	$	1,021.06		0.80	%	$	4.05
Class Y Shares		1,000.00		1,021.56		0.70			3.55
Multi-Asset Inflation Managed Fund
Actual Fund Return
Class F Shares	$	1,000.00	$	1,000.00		1.47	%	$	7.37
Class Y Shares		1,000.00		1,001.20		1.22			6.12
Hypothetical 5% Return
Class F Shares	$	1,000.00	$	1,017.70		1.47	%	$	7.44
Class Y Shares		1,000.00		1,018.95		1.22			6.17
Multi-Asset Capital Stability Fund
Actual Fund Return
Class F Shares	$	1,000.00	$	1,024.70		0.62	%	$	3.15
Class Y Shares		1,000.00		1,025.60		0.52			2.64
Hypothetical 5% Return
Class F Shares	$	1,000.00	$	1,021.96		0.62	%	$	3.14
Class Y Shares		1,000.00		1,022.46		0.52			2.64

* Expenses are equal to the Fund’s annualized expense ratio multiplied by the average account value over the period, multiplied by 183/365 (to reflect the one-half year period shown).

SEI Institutional Managed Trust / Annual Report / September 30, 2019 389

Board of Trustees Considerations in Approving the Advisory and Sub-Advisory Agreements (Unaudited)

SEI Institutional Managed Trust (the “Trust”) and SEI Investments Management Corporation (“SIMC”) have entered into an investment advisory agreement (the “Advisory Agreement”). Pursuant to the Advisory Agreement, SIMC is responsible for the investment advisory services provided to the series of the Trust (the “Funds”). Pursuant to separate sub-advisory agreements with SIMC (the “Sub-Advisory Agreements” and, together with the Advisory Agreement, the “Investment Advisory Agreements”), and under the supervision of SIMC and the Trust’s Board of Trustees (the “Board”), the sub-advisers (each, a “Sub-Adviser” and collectively, the “Sub-Advisers”) provide security selection and certain other advisory services with respect to all or a discrete portion of the assets of the Funds. The Sub-Advisers are also responsible for managing their employees who provide services to the Funds. The Sub-Advisers are selected based primarily upon the research and recommendations of SIMC, which evaluates quantitatively and qualitatively the Sub-Advisers’ skills and investment results in managing assets for specific asset classes, investment styles and strategies.

The Investment Company Act of 1940, as amended (the “1940 Act”), requires that the initial approval of, as well as the continuation of, the Funds’ Investment Advisory Agreements be specifically approved: (i) by the vote of the Board or by a vote of the shareholders of the Funds; and (ii) by the vote of a majority of the Trustees who are not parties to the Investment Advisory Agreements or “interested persons” of any party (the “Independent Trustees”), cast in person at a meeting called for the purpose of voting on such approval(s). In connection with their consideration of such approval(s), the Funds’ Trustees must request and evaluate, and SIMC and the Sub-Advisers are required to furnish, such information as may be reasonably necessary to evaluate the terms of the Investment Advisory Agreements. In addition, the Securities and Exchange Commission takes the position that, as part of their fiduciary duties with respect to a mutual fund’s fees, mutual fund boards are required to evaluate the material factors applicable to a decision to approve an investment advisory agreement.

Consistent with these responsibilities, the Board calls and holds meetings each year to consider whether to approve new and/or renew existing Investment Advisory Agreements between the Trust and SIMC and SIMC and the Sub-Advisers with respect to the Funds of the Trust. In preparation for these meetings, the Board requests and reviews a wide variety of materials provided by SIMC and the Sub-Advisers, including information about SIMC’s and the Sub-Advisers’ affiliates, personnel and operations and the services provided pursuant to the Investment Advisory Agreements. The Board also receives data from third parties. This information is provided in addition to the detailed information about the Funds that the Board reviews during the course of each year, including information that relates to Fund operations and Fund performance. The Trustees also receive a memorandum from counsel regarding the responsibilities of Trustees in connection with their consideration of whether to approve the Trust’s Investment Advisory Agreements. Finally, the Independent Trustees receive advice from independent counsel to the Independent Trustees, meet in executive sessions outside the presence of Fund management and participate in question and answer sessions with representatives of SIMC and the Sub-Advisers.

Specifically, during the first half of the Trust’s fiscal year, the Board requested and received written materials from SIMC and certain of the Sub-Advisers regarding: (i) the quality of SIMC’s and the Sub-Advisers’ investment management and other services; (ii) SIMC’s and the Sub-Advisers’ investment management personnel; (iii) SIMC’s and the Sub-Advisers’ operations and financial condition; (iv) SIMC’s and the Sub-Advisers’ brokerage practices (including any soft dollar arrangements) and investment strategies; (v) the level of the advisory fees that SIMC charges the Funds and the level of the sub-advisory fees that SIMC pays the Sub-Advisers, compared with fees each charge to comparable accounts; (vi) the advisory fees charged by SIMC and the Funds’ overall fees and operating expenses compared with peer groups of mutual funds prepared by Broadridge, an independent provider of investment company data; (vii) the level of SIMC’s and the Sub-Advisers’ profitability from their Fund-related operations; (viii) SIMC’s and the Sub-Advisers’ compliance program, including a description of material compliance matters and material compliance violations; (ix) SIMC’s potential economies of scale; (x) SIMC’s and the Sub-Advisers’ policies on and compliance procedures for personal securities transactions; (xi) SIMC’s and the Sub-Advisers’ expertise and resources in domestic and/or international financial markets; and (xii) the Funds’ performance over various periods of time compared with peer groups of mutual funds prepared by Broadridge and the Funds’ benchmark indexes.

At the December 4-5, 2018 meeting of the Board, certain Sub-Advisory Agreements were either initially approved or, if the Sub-Advisory Agreement was already in effect (unless operating under an initial two-year term), renewed by the Trustees, including a majority of the Independent Trustees. In addition, the Board approved a brief extension of the Advisory Agreement and certain Sub-Advisory Agreements already in effect (unless operating under an initial

390 SEI Institutional Managed Trust / Annual Report / September 30, 2019

two-year term) to accommodate a revised Spring meeting schedule. Typically, the Trustees renew the Advisory Agreement and certain Sub-Advisory Agreements at the first quarterly in-person meeting of the calendar year in March. Agreements regularly renewed at the March meeting expire on April 1 of the following year. Because the first quarterly in-person meeting of the Board in calendar year 2019 was held on April 2-3, the Advisory Agreement and certain Sub-Advisory Agreements would have expired prior to the meeting, without the extension. Accordingly, the Board voted in-person at the December 4-5, 2018 meeting to extend the Advisory Agreement and certain Sub-Advisory Agreements until the April 2-3, 2019 meeting. In evaluating whether to approve the extension of the Advisory Agreement and certain Sub-Advisory Agreements, the Board considered the information made available to it throughout the course of the year by representatives of the SEI investment and compliance teams. At the April 2-3, 2019 meeting, the Board evaluated the Advisory Agreement and the applicable Sub-Advisory Agreements in accordance with the renewal process that it typically applies during the annual contract renewal each Spring. Although outside the scope of the period covered by this report, the Board’s renewal of the Advisory Agreement and the applicable Sub-Advisory Agreements at the April 2-3, 2019 meeting of the Board is discussed herein, consistent with prior shareholder reports of the Funds. The Board’s approvals were based on its consideration and evaluation of the factors described above, as discussed at the meeting and at prior meetings, such as the December 4-5, 2018 meeting. The following discusses some, but not all, of the factors that were considered by the Board in connection with its assessment of the Advisory Agreement and the applicable Sub-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 ratio in comparison to those of the Funds’ respective peer groups. In assessing Fund expenses, the Trustees considered the information in the Broadridge Report, which included various metrics related to fund expenses, including, but not limited to, contractual management fees at various asset levels, actual management fees (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 contractual waiver of its management fee with respect to the S&P 500 Index Fund and the Core Fixed Income Fund and its voluntary waiver of management and other fees to prevent total Fund

SEI Institutional Managed Trust / Annual Report / September 30, 2019 391

Board of Trustees Considerations in Approving the Advisory and Sub-Advisory Agreements (Unaudited) (Concluded)

operating expenses from exceeding a specified cap and concluded that SIMC, through waivers, has maintained the Funds’ net operating expenses at competitive levels for its distribution channels. In determining the appropriateness of fees, the Board also took into consideration the impact of fees incurred indirectly by the Funds as a result of investments into underlying funds, including funds from which SIMC or its affiliates earn fees. The Board also took into consideration compensation earned from the Funds by SIMC or its affiliates for non-advisory services, such as administration, transfer agency, shareholder services or brokerage, and considered whether SIMC and its affiliates may have realized other benefits from their relationship with the Funds, such as any research and brokerage services received under soft dollar arrangements. When considering fees paid to Sub-Advisers, the Board took into account the fact that the Sub-Advisers are compensated by SIMC and not by the Funds directly, and that such compensation with respect to any unaffiliated Sub-Adviser reflects an arms-length negotiation between the Sub-Adviser and SIMC. Following evaluation, the Board concluded that, within the context of its full deliberations, the expenses of the Funds are reasonable and supported renewal of the Investment Advisory Agreements. The Board also considered whether the Sub-Advisers and their affiliates may have realized other benefits from their relationship with the Funds, such as any research and brokerage services received under soft dollar arrangements.

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.

392 SEI Institutional Managed Trust / Annual Report / September 30, 2019

Notice to Shareholders (Unaudited)

For shareholders who do not have a September 30, 2019, taxable year end, this notice is for informational purposes only. For shareholders with a September 30, 2019, taxable year end, please consult your tax adviser as to the pertinence of this notice.

For the fiscal year ended September 30, 2019, 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%	79.96%	20.04%	0.00%	100.00%	79.46%
Large Cap Value Fund	0.00%	72.62%	27.38%	0.00%	100.00%	88.82%
Large Cap Growth Fund	0.00%	84.71%	15.29%	0.00%	100.00%	59.73%
Large Cap Index Fund	0.00%	4.16%	95.84%	0.00%	100.00%	86.11%
Tax-Managed Large Cap Fund	0.00%	37.52%	62.48%	0.00%	100.00%	100.00%
S&P 500 Index Fund	0.00%	48.55%	51.45%	0.00%	100.00%	95.19%
Small Cap Fund	0.00%	64.82%	35.18%	0.00%	100.00%	14.86%
Small Cap Value Fund	0.00%	71.22%	28.78%	0.00%	100.00%	55.36%
Small Cap Growth Fund	0.00%	79.39%	20.61%	0.00%	100.00%	14.99%
Tax-Managed Small/Mid Cap Fund	0.00%	93.92%	6.08%	0.00%	100.00%	100.00%
Mid-Cap Fund	0.00%	62.32%	37.68%	0.00%	100.00%	38.68%
U.S. Managed Volatility Fund	0.00%	75.31%	24.69%	0.00%	100.00%	90.41%
Global Managed Volatility Fund	0.00%	71.15%	28.85%	0.00%	100.00%	38.37%
Tax-Managed Managed Volatility Fund	0.00%	63.81%	36.19%	0.00%	100.00%	100.00%
Tax-Managed International Managed Volatility Fund	0.00%	0.00%	100.00%	0.00%	100.00%	0.24%
Real Estate Fund	0.00%	90.25%	9.75%	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	0.00%	0.23%	0.00%	99.77%	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%	54.66%
Multi-Strategy Alternative Fund	0.00%	62.89%	37.11%	0.00%	100.00%	3.99%
Multi-Asset Accumulation Fund	0.00%	8.31%	91.69%	0.00%	100.00%	3.94%
Multi-Asset Income Fund	0.00%	0.00%	100.00%	0.00%	100.00%	4.45%
Multi-Asset Inflation Managed Fund	0.00%	0.00%	100.00%	0.00%	100.00%	25.11%
Multi-Asset Capital Stability Fund	0.00%	0.00%	100.00%	0.00%	100.00%	4.68%

SEI Institutional Managed Trust / Annual Report / September 30, 2019 393

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	82.45%	0.00%	0.01%	100.00%	1.45%
Large Cap Value Fund	93.86%	0.00%	0.00%	100.00%	0.00%
Large Cap Growth Fund	59.86%	0.00%	0.00%	100.00%	0.88%
Large Cap Index Fund	89.68%	0.00%	0.00%	100.00%	0.00%
Tax-Managed Large Cap Fund	100.00%	0.00%	0.00%	0.00%	0.00%
S&P 500 Index Fund	96.09%	0.07%	0.00%	100.00%	0.00%
Small Cap Fund	15.52%	0.00%	0.01%	100.00%	0.31%
Small Cap Value Fund	57.74%	0.00%	0.00%	100.00%	10.18%
Small Cap Growth Fund	20.97%	0.00%	0.00%	100.00%	0.00%
Tax-Managed Small/Mid Cap Fund	100.00%	0.00%	0.00%	0.00%	0.00%
Mid-Cap Fund	39.51%	0.00%	0.00%	100.00%	4.03%
U.S. Managed Volatility Fund	92.42%	0.00%	0.00%	100.00%	0.00%
Global Managed Volatility Fund	92.30%	0.00%	0.00%	100.00%	0.00%
Tax-Managed Managed Volatility Fund	100.00%	0.00%	0.00%	0.00%	0.00%
Tax-Managed International Managed Volatility Fund	89.93%	0.00%	0.22%	0.00%	0.00%
Real Estate Fund	0.00%	0.00%	0.00%	0.00%	100.00%
Core Fixed Income Fund	0.00%	16.83%	11.92%	0.00%	0.00%
High Yield Bond Fund	0.00%	0.00%	84.05%	0.00%	0.00%
Conservative Income Fund	0.00%	1.29%	99.94%	100.00%	0.00%
Tax-Free Conservative Income Fund	0.00%	0.00%	0.00%	0.00%	0.00%
Real Return Fund	0.00%	62.03%	0.00%	0.00%	0.00%
Dynamic Asset Allocation Fund	55.39%	0.00%	0.00%	100.00%	2.62%
Multi-Strategy Alternative Fund	22.14%	0.00%	0.00%	100.00%	0.00%
Multi-Asset Accumulation Fund`	8.60%	0.00%	0.00%	0.00%	0.10%
Multi-Asset Income Fund	4.66%	0.14%	60.92%	100.00%	0.20%
Multi-Asset Inflation Managed Fund	25.63%	0.00%	0.00%	0.00%	2.66%
Multi-Asset Capital Stability Fund	10.63%	0.00%	0.00%	100.00%	0.00%

The Funds intend to pass through foreign tax credit to shareholders. For the fiscal year ended September 30, 2019, 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	$	10,412,723	$	1,037,077

(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, 2018. Complete information will be computed and reported in conjunction with your 2018 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.

394 SEI Institutional Managed Trust / Annual Report / September 30, 2019

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, 2019 395

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SEI Institutional Managed Trust / Annual Report / September 30, 2019

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

Officers

Robert A. Nesher

President and Chief Executive Officer

James J. Hoffmayer

Controller and Chief Financial Officer

Glenn Kurdziel

Assistant Controller

Russell Emery

Chief Compliance Officer

Timothy D. Barto

Vice President, Secretary

Aaron Buser

Vice President, Assistant Secretary

David F. McCann

Vice President, Assistant Secretary

Stephen G. MacRae

Vice President

Bridget E. Sudall

Anti-Money Laundering Compliance Officer

Privacy Officer

Investment Adviser

SEI Investments Management Corporation

Administrator

SEI Investments Global Funds Services

Distributor

SEI Investments Distribution Co.

Legal Counsel

Morgan, Lewis & Bockius LLP

Independent Registered Public Accounting Firm

KPMG LLP

This report and the financial statements contained herein are submitted for the general information of the shareholders of the Trust and must be preceded or accompanied by a current prospectus. Shares of the Funds are not deposits or obligations of, or guaranteed or endorsed by, any bank. The shares are not federally insured by the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve Board, or any other government agency. Investment in the shares involves risk, including the possible loss of principal.

For more information call

1 800 DIAL SEI

(1 800 342 5734)

1 Freedom Valley Drive, P.O. Box 1100, Oaks, PA 19456

SEI-F-087 (9/19)

Item 2. Code of Ethics.

The Registrant has adopted a code of ethics that applies to the Registrant’s principal executive officer, principal financial officer, principal accounting officer, or controller, or persons performing similar functions.

Item 3. Audit Committee Financial Expert.

(a) (1) The Registrant’s Board of Trustees has determined that the Registrant has three audit committee financial experts serving on its audit committee.

(a) (2) The audit committee financial experts are Susan C. Cote, George J. Sullivan, Jr. and Hubert L. Harris, Jr.. Ms. Cote and Messrs. Sullivan and Harris are independent as defined in Form N-CSR Item 3 (a) (2).

Item 4. Principal Accountant Fees and Services.

Fees billed by KPMG LLP (“KPMG”) related to the Registrant.

KPMG billed the Registrant aggregate fees for services rendered to the Registrant for the fiscal years 2019 and 2018 as follows:

		Fiscal 2019			Fiscal 2018
		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)	$956,875	N/A	$0	$1,024,075	$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	$289,100	$0	$0	$372,077	$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 pursuant to waiver of pre-approval requirement were as follows:

	Fiscal 2019	Fiscal  2018
Audit-Related Fees	0%	0%
Tax Fees	0%	0%
All Other Fees	0%	0%

(f) Not Applicable.

(g)(1) The aggregate non-audit fees billed by KPMG for the fiscal years 2019 and 2018 were $289,100 and $372,077, respectively. Non-audit fees consist of a service organization controls report 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 and Dynamic Asset Allocation Fund are listed below. The Schedule of Investments in securities of unaffiliated issuers as of the close of the reporting period for the Real Estate Fund, 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

Large Cap Fund

September 30, 2019

Description	Shares		Market Value ($ Thousands)
COMMON STOCK — 99.0%
Communication Services — 6.6%
Activision Blizzard Inc		18,035	$	954
Alphabet Inc, Cl A *		18,745		22,890
Alphabet Inc, Cl C *		852		1,039
AT&T Inc		414,642		15,690
Comcast Corp, Cl A		147,085		6,631
DISH Network Corp, Cl A *		73,243		2,495
Facebook Inc, Cl A *		171,127		30,474
IAC/InterActiveCorp *		6,326		1,379
Interpublic Group of Cos Inc/The		240,252		5,180
Live Nation Entertainment Inc *		65,805		4,365
Match Group Inc (A)		8,301		593
Netflix Inc *		12,941		3,463
Omnicom Group Inc		208,105		16,295
Pinterest Inc, Cl A *(A)		94,398		2,497
TEGNA Inc		177,946		2,763
Twitter Inc *		104,457		4,304
Verizon Communications Inc		329,220		19,872
Viacom Inc, Cl B		59,623		1,433
Walt Disney Co/The		65,678		8,559
				150,876
Consumer Discretionary — 10.4%
Alibaba Group Holding Ltd ADR *		71,016		11,876
Amazon.com Inc, Cl A *		21,495		37,313
Aptiv PLC		54,057		4,726
Best Buy Co Inc		43,112		2,974
Booking Holdings Inc *		5,337		10,474
BorgWarner Inc		28,785		1,056
Brinker International Inc		43,929		1,874
CarMax Inc *		52,945		4,659
Carnival Corp		20,670		904
Dick’s Sporting Goods Inc		54,230		2,213
Dillard’s Inc, Cl A (A)		17,881		1,182
Dollar General Corp		107,324		17,058
Dollar Tree Inc *		31,200		3,562
DR Horton Inc		83,212		4,386
eBay Inc		163,106		6,358
Foot Locker Inc, Cl A		64,995		2,805
Ford Motor Co		215,383		1,973
Garmin Ltd		5,820		493
General Motors Co		317,837		11,913
Goodyear Tire & Rubber Co/The		69,599		1,003
Harley-Davidson Inc, Cl A		53,538		1,926
Home Depot Inc/The		15,829		3,673
Honda Motor Co Ltd ADR (A)		198,281		5,171
Kohl’s Corp		59,976		2,978
Lear Corp		27,328		3,222
Lennar Corp, Cl A		58,360		3,259
Lowe’s Cos Inc		139,789		15,371
Lululemon Athletica Inc *		14,902		2,869
Macy’s Inc		51,046		793

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Magna International Inc, Cl A		99,340	$	5,298
McDonald’s Corp		14,484		3,110
Mohawk Industries Inc *		31,316		3,885
Norwegian Cruise Line Holdings Ltd *		46,495		2,407
O’Reilly Automotive Inc *		23,708		9,448
PulteGroup Inc		217,967		7,967
Ross Stores Inc		192,997		21,201
Royal Caribbean Cruises Ltd		35,296		3,824
Target Corp, Cl A		50,332		5,381
Whirlpool Corp		25,640		4,060
Wyndham Destinations Inc		23,491		1,081
Yum China Holdings Inc		40,518		1,841
				237,567
Consumer Staples — 7.2%
Altria Group Inc		193,669		7,921
Archer-Daniels-Midland Co		118,904		4,883
Conagra Brands Inc		344,979		10,584
Estee Lauder Cos Inc/The, Cl A		25,428		5,059
Ingredion Inc		82,921		6,778
JM Smucker Co/The		147,233		16,199
Kellogg Co		103,786		6,679
Kroger Co/The		733,536		18,910
Molson Coors Brewing Co, Cl B		150,730		8,667
Monster Beverage Corp *		8,385		487
PepsiCo Inc		84,787		11,624
Philip Morris International Inc		240,103		18,231
Pilgrim’s Pride Corp *		139,338		4,465
Procter & Gamble Co/The		23,146		2,879
Sysco Corp, Cl A		6,001		476
Tyson Foods Inc, Cl A		117,194		10,095
Unilever NV		366,197		21,983
Walgreens Boots Alliance Inc		147,619		8,165
				164,085
Energy — 5.2%
BP PLC ADR		412,380		15,666
Cabot Oil & Gas Corp		56,814		998
Canadian Natural Resources Ltd		304,979		8,121
Chevron Corp		282,172		33,466
ConocoPhillips		157,650		8,983
Halliburton Co		158,975		2,997
Laredo Petroleum Inc *		322,581		777
Marathon Petroleum Corp		233,464		14,183
Occidental Petroleum Corp		165,230		7,348
Phillips 66		43,615		4,466
Royal Dutch Shell PLC ADR, Cl A		175,362		10,320
Royal Dutch Shell PLC ADR, Cl B		15,686		939
Schlumberger Ltd, Cl A		171,250		5,852
Valero Energy Corp		72,321		6,165
				120,281

1 SEI Institutional Managed Trust / Annual Report / September 30, 2019

SCHEDULE OF INVESTMENTS

Large Cap Fund (Continued)

September 30, 2019

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Financials — 16.8%
Aflac Inc		305,109	$	15,963
Allstate Corp/The		53,790		5,846
American International Group Inc		76,898		4,283
Ameriprise Financial Inc		38,551		5,671
Annaly Capital Management Inc		610,623		5,373
Banco Santander SA ADR		289,259		1,163
Bank of America Corp		1,015,727		29,629
Bank of New York Mellon Corp/The		40,826		1,846
BB&T Corp		60,224		3,214
Berkshire Hathaway Inc, Cl B *		126,314		26,276
Capital One Financial Corp		56,048		5,099
Charles Schwab Corp/The		174,600		7,303
CIT Group Inc		103,796		4,703
Citigroup Inc		290,612		20,075
Discover Financial Services		73,548		5,964
E*TRADE Financial Corp		72,599		3,172
Everest Re Group Ltd		12,724		3,386
Fifth Third Bancorp		309,279		8,468
First Republic Bank/CA		118,119		11,422
Goldman Sachs Group Inc/The		13,894		2,879
Hartford Financial Services Group Inc/The		42,704		2,588
Intercontinental Exchange Inc		66,161		6,105
JPMorgan Chase & Co		319,031		37,547
KeyCorp		155,139		2,768
Lincoln National Corp		89,065		5,372
Markel Corp *		17,107		20,219
Marsh & McLennan Cos Inc		141,076		14,115
MetLife Inc		62,379		2,942
MFA Financial Inc		143,982		1,060
Moody’s Corp		60,535		12,399
Morgan Stanley		80,299		3,426
PNC Financial Services Group Inc/The		15,930		2,233
Progressive Corp/The		204,306		15,783
Prudential Financial Inc		23,506		2,114
Radian Group Inc		122,321		2,794
Regions Financial Corp		319,268		5,051
Reinsurance Group of America Inc, Cl A		21,798		3,485
S&P Global Inc		46,292		11,341
SLM Corp		335,704		2,963
Starwood Property Trust Inc		92,964		2,252
State Street Corp		223,426		13,224
SunTrust Banks Inc		100,360		6,905
T Rowe Price Group Inc		23,465		2,681
Two Harbors Investment Corp		225,408		2,960
Unum Group		26,895		799
US Bancorp		250,567		13,866
Voya Financial Inc		90,831		4,945
Wells Fargo & Co		94,187		4,751
Zions Bancorp NA		141,989		6,321
				384,744

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Health Care — 15.2%
Abbott Laboratories		418,212	$	34,992
AbbVie Inc		72,914		5,521
ABIOMED Inc *		6,609		1,176
Allergan PLC		23,004		3,871
Alnylam Pharmaceuticals Inc *		18,705		1,504
AmerisourceBergen Corp, Cl A		146,015		12,021
Amgen Inc, Cl A		116,321		22,509
AstraZeneca PLC ADR		49,416		2,202
Baxter International Inc		6,108		534
Biogen Inc *		28,909		6,731
Boston Scientific Corp *		184,068		7,490
Bristol-Myers Squibb Co		73,582		3,731
Cardinal Health Inc		49,378		2,330
Cigna Corp		68,875		10,455
CVS Health Corp		293,270		18,497
Danaher Corp, Cl A		58,415		8,437
DexCom Inc *		8,502		1,269
Eli Lilly & Co		6,198		693
Gilead Sciences Inc		94,467		5,987
GW Pharmaceuticals PLC ADR *		7,022		808
HCA Healthcare Inc		43,190		5,201
Horizon Therapeutics Plc *		91,285		2,486
Humana Inc *		55,343		14,150
Illumina Inc *		11,567		3,519
Jazz Pharmaceuticals PLC *		36,897		4,728
Johnson & Johnson		244,196		31,594
Medtronic PLC		11,219		1,219
Merck & Co Inc		369,427		31,098
Mettler-Toledo International Inc *		15,162		10,680
Mylan NV *		56,768		1,123
Pfizer Inc		414,548		14,895
Sarepta Therapeutics Inc *		13,439		1,012
Teleflex Inc		50,543		17,172
Thermo Fisher Scientific Inc		13,294		3,872
UnitedHealth Group Inc		121,255		26,351
Veeva Systems Inc, Cl A *		8,738		1,334
Vertex Pharmaceuticals Inc *		42,621		7,221
Zimmer Biomet Holdings Inc		139,516		19,151
				347,564
Industrials — 11.6%
3M Co		38,034		6,253
AerCap Holdings NV *		69,739		3,818
AGCO Corp		65,945		4,992
Allison Transmission Holdings Inc		126,970		5,974
American Airlines Group Inc		197,324		5,322
Arconic Inc		206,560		5,371
Boeing Co/The		40,907		15,564
Caterpillar Inc, Cl A		16,648		2,103
Cintas Corp		22,322		5,985
CSX Corp		160,210		11,098

2 SEI Institutional Managed Trust / Annual Report / September 30, 2019

SCHEDULE OF INVESTMENTS

Large Cap Fund (Continued)

September 30, 2019

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Cummins Inc		63,418	$	10,316
Delta Air Lines Inc, Cl A		75,801		4,366
Eaton Corp PLC		45,501		3,783
Emerson Electric Co		165,179		11,044
Expeditors International of Washington Inc		6,273		466
FedEx Corp		31,561		4,594
Fortive Corp		124,149		8,512
Honeywell International Inc		200,261		33,884
Huntington Ingalls Industries Inc, Cl A		18,827		3,987
Illinois Tool Works Inc		93,532		14,637
L3Harris Technologies Inc		28,746		5,998
ManpowerGroup Inc		45,126		3,801
Parker-Hannifin Corp, Cl A		52,899		9,554
Raytheon Co		11,237		2,205
Rockwell Automation Inc		28,864		4,757
Roper Technologies Inc		43,411		15,480
Sensata Technologies Holding PLC *		236,844		11,856
Spirit AeroSystems Holdings Inc, Cl A		41,152		3,384
Stanley Black & Decker Inc		45,699		6,599
Textron Inc		18,907		926
TransDigm Group Inc		29,714		15,471
Union Pacific Corp		22,734		3,682
United Airlines Holdings Inc *		87,721		7,755
WW Grainger Inc		44,750		13,298
				266,835
Information Technology — 18.0%
Adobe Inc *		88,418		24,426
Anaplan Inc *		34,579		1,625
Apple Inc		132,259		29,622
Applied Materials Inc		146,722		7,321
Avalara Inc *		40,131		2,700
Cadence Design Systems Inc *		8,270		547
Ciena Corp *		10,886		427
Cisco Systems Inc		151,519		7,487
Corning Inc, Cl B		159,303		4,543
Dell Technologies Inc, Cl C *		18,025		935
DXC Technology Co		84,142		2,482
Endava PLC ADR		31,007		1,174
Euronet Worldwide Inc *		3,016		441
Fidelity National Information Services Inc, Cl B		222,307		29,514
Global Payments Inc		59,578		9,473
Hewlett Packard Enterprise Co		376,685		5,714
HP Inc		247,265		4,678
Intel Corp		253,595		13,068
International Business Machines Corp		43,503		6,326
Intuit Inc		81,061		21,557
IPG Photonics Corp *		22,061		2,991
Keysight Technologies Inc *		22,606		2,198
Lam Research Corp		46,380		10,719
Marvell Technology Group Ltd		161,679		4,037

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Microchip Technology Inc (A)		223,257	$	20,743
Microsoft Corp		363,158		50,490
Motorola Solutions Inc		73,662		12,553
NetApp Inc		9,620		505
NVIDIA Corp		26,203		4,561
NXP Semiconductors NV		75,847		8,276
ON Semiconductor Corp *		135,982		2,612
Oracle Corp, Cl B		264,583		14,560
PayPal Holdings Inc *		150,417		15,582
QUALCOMM Inc		99,714		7,606
salesforce.com *		118,153		17,539
Seagate Technology PLC		77,003		4,142
Skyworks Solutions Inc		28,361		2,248
Tech Data Corp *		43,262		4,510
Teradyne Inc		11,459		664
Ubiquiti Inc (A)		3,555		420
Universal Display Corp		10,278		1,726
VeriSign Inc *		10,283		1,940
Visa Inc, Cl A		179,031		30,795
Vishay Intertechnology Inc		103,407		1,751
Xerox Holdings Corp		150,225		4,493
Xilinx Inc		115,936		11,118
				412,839
Materials — 3.6%
Air Products & Chemicals Inc		8,026		1,781
Ball Corp		39,984		2,911
Cabot Corp		21,482		974
Celanese Corp, Cl A		38,277		4,681
Corteva Inc		133,079		3,726
Crown Holdings Inc *		86,129		5,690
Domtar Corp		11,448		410
Dow Inc		61,811		2,945
DuPont de Nemours Inc		85,115		6,070
Eastman Chemical Co		40,880		3,018
Ecolab Inc		67,335		13,335
Freeport-McMoRan Inc, Cl B		79,771		763
Huntsman Corp		209,319		4,869
International Paper Co		21,612		904
Linde PLC		41,009		7,944
LyondellBasell Industries NV, Cl A		12,206		1,092
Newmont Goldcorp Corp		120,105		4,554
Nucor Corp		108,540		5,526
Owens-Illinois Inc		136,113		1,398
Packaging Corp of America		22,290		2,365
Sherwin-Williams Co/The, Cl A		11,295		6,211
Steel Dynamics Inc		57,253		1,706
Westrock Co		13,858		505
				83,378
Real Estate — 2.9%
American Tower Corp, Cl A		77,158		17,062

3 SEI Institutional Managed Trust / Annual Report / September 30, 2019

SCHEDULE OF INVESTMENTS

Large Cap Fund (Continued)

September 30, 2019

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
CBRE Group Inc, Cl A *		8,531	$	452
Crown Castle International Corp		150,122		20,869
Gaming and Leisure Properties Inc		126,255		4,828
Host Hotels & Resorts Inc		220,713		3,816
Invitation Homes Inc		15,930		472
Omega Healthcare Investors Inc		106,562		4,453
Senior Housing Properties Trust		120,279		1,113
Service Properties Trust		81,476		2,101
VEREIT Inc		1,045,054		10,221
				65,387
Utilities — 1.5%
Exelon Corp		151,730		7,330
FirstEnergy Corp		188,245		9,079
NextEra Energy Inc		56,829		13,241
Vistra Energy Corp		173,534		4,638
				34,288
Total Common Stock (Cost $1,794,366) ($ Thousands)				2,267,844

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
AFFILIATED PARTNERSHIP — 1.3%
SEI Liquidity Fund, L.P.
2.010% **†(B)		29,703,299	$	29,711
Total Affiliated Partnership (Cost $29,701) ($ Thousands)				29,711
CASH EQUIVALENT — 1.0%
SEI Daily Income Trust, Government Fund, Cl F
1.800% **†		22,021,926		22,022
Total Cash Equivalent (Cost $22,022) ($ Thousands)				22,022
Total Investments — 101.3% (Cost $1,846,089) ($ Thousands)			$	2,319,577

A list of the open futures contracts held at September 30, 2019 is as follows:

Type of Contract	Number of Contracts Long		Expiration Date		Notional Amount (Thousands)		Value (Thousands)		Unrealized Depreciation (Thousands)
S&P 500 Index E-MINI		53		Dec-2019	$	7,929	$	7,893	$	(36	)
S&P Mid Cap 400 Index E-MINI		4		Dec-2019		778		775		(3	)
					$	8,707	$	8,668	$	(39	)

Percentages are based on Net Assets of $2,290,619 ($ Thousands).

* Non-income producing security.

** Rate shown is the 7-day effective yield as of September 30, 2019.

^‡  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, 2019 (see Note 10). The total market value of securities on loan at September 30, 2019 was $29,436 ($ 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, 2019 was $29,711 ($ Thousands).

ADR — American Depositary Receipt

Cl — Class

L.P. — Limited Partnership

Ltd. — Limited

PLC — Public Limited Company

S&P— Standard & Poor’s

4 SEI Institutional Managed Trust / Annual Report / September 30, 2019

SCHEDULE OF INVESTMENTS

Large Cap Fund (Concluded)

September 30, 2019

The following is a list of the level of inputs used as of September 30, 2019, in valuing the Fund’s investments carried at value ($ Thousands):

Investments in Securities	Level 1 ($)			Level 2 ($)		Level 3 ($)		Total ($)
Common Stock		2,267,844			—		—		2,267,844
Affiliated Partnership		—			29,711		—		29,711
Cash Equivalent		22,022			—		—		22,022
Total Investments in Securities		2,289,866			29,711		—		2,319,577
Other Financial Instruments	Level 1 ($)			Level 2 ($)		Level 3 ($)		Total ($)
Futures Contracts *
Unrealized Depreciation		(39	)		—		—		(39	)
Total Other Financial Instruments		(39	)		—		—		(39	)

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

For the year ended September 30, 2019, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the year ended September 30, 2019, there were no transfers between Level 2 and Level 3 assets and liabilities.

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

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

The following is a summary of the Fund’s transactions with affiliates for the year ended September 30, 2019 ($ Thousands):

Security Description	Value 9/30/2018			Purchases at Cost			Proceeds from Sales				Realized Gain			Change in Unrealized Appreciation			Value 9/30/2019			Shares		Income			Capital Gains
SEI Liquidity Fund, L.P.		$	52,638		$	237,688		$	(260,643	)		$	24		$	4		$	29,711		29,703,299		$	139		$	—
SEI Daily Income Trust, Government Fund, Cl F			57,680			511,139			(546,797	)			—			—			22,022		22,021,926			849			—
Totals		$	110,318		$	748,827		$	(807,440	)		$	24		$	4		$	51,733		51,725,225		$	988		$	—

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

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

5 SEI Institutional Managed Trust / Annual Report / September 30, 2019

SCHEDULE OF INVESTMENTS

Large Cap Value Fund

September 30, 2019

Description	Shares		Market Value ($ Thousands)
COMMON STOCK — 98.5%
Communication Services — 6.9%
AT&T Inc		982,930	$	37,194
BCE Inc		186,948		9,050
Comcast Corp, Cl A		218,299		9,841
DISH Network Corp, Cl A *		30,384		1,035
Facebook Inc, Cl A *		30,917		5,506
Fox Corp		8,535		269
News Corp, Cl A		19,898		277
Nexstar Media Group Inc, Cl A		2,577		264
Omnicom Group Inc		5,167		405
Sinclair Broadcast Group Inc, Cl A		65,218		2,787
TEGNA Inc		124,309		1,931
Telephone & Data Systems Inc		120,700		3,114
United States Cellular Corp *		49,745		1,869
Verizon Communications Inc		246,910		14,903
Viacom Inc, Cl B		79,775		1,917
Walt Disney Co/The		17,650		2,300
				92,662
Consumer Discretionary — 8.1%
Best Buy Co Inc		73,919		5,100
BorgWarner Inc		70,393		2,582
Brinker International Inc		12,302		525
Carnival Corp		23,876		1,044
Columbia Sportswear Co		19,636		1,903
Dick’s Sporting Goods Inc		62,268		2,541
Dillard’s Inc, Cl A (A)		12,443		823
DR Horton Inc		95,269		5,022
eBay Inc		95,028		3,704
Foot Locker Inc, Cl A		104,248		4,499
Ford Motor Co		192,027		1,759
GameStop Corp, Cl A (A)		17,836		98
General Motors Co		337,666		12,656
Genuine Parts Co		99,288		9,888
Goodyear Tire & Rubber Co/The		117,456		1,692
Graham Holdings Co, Cl B		394		261
Harley-Davidson Inc, Cl A		31,374		1,128
Kohl’s Corp		88,403		4,390
Lear Corp		24,338		2,869
Macy’s Inc		71,346		1,109
Magna International Inc, Cl A		77,171		4,115
McDonald’s Corp		1,272		273
Mohawk Industries Inc *		26,604		3,301
Norwegian Cruise Line Holdings Ltd *		75,108		3,888
PulteGroup Inc		241,850		8,840
Royal Caribbean Cruises Ltd		18,405		1,994
Skechers U.S.A. Inc, Cl A *		107,907		4,030
Target Corp, Cl A		142,138		15,196
Toll Brothers Inc		6,530		268
Whirlpool Corp		15,754		2,495

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Wyndham Destinations Inc		28,673	$	1,320
				109,313
Consumer Staples — 8.9%
Altria Group Inc		124,849		5,106
Archer-Daniels-Midland Co		75,616		3,106
Bunge Ltd		4,635		263
Casey’s General Stores Inc		1,607		259
Colgate-Palmolive Co		3,706		273
Diageo PLC ADR		61,169		10,002
Hershey Co/The		8,003		1,240
Ingredion Inc		71,453		5,841
JM Smucker Co/The		22,742		2,502
Kimberly-Clark Corp		87,368		12,411
Kroger Co/The		218,286		5,627
Molson Coors Brewing Co, Cl B		109,895		6,319
Nu Skin Enterprises Inc, Cl A		16,694		710
Philip Morris International Inc		202,098		15,345
Pilgrim’s Pride Corp *		118,132		3,786
Procter & Gamble Co/The		54,658		6,798
Tyson Foods Inc, Cl A		145,740		12,554
Unilever NV		140,802		8,452
Walgreens Boots Alliance Inc		178,672		9,882
Walmart Inc		77,822		9,236
				119,712
Energy — 9.0%
BP PLC ADR		139,186		5,288
Cabot Oil & Gas Corp		73,898		1,298
Canadian Natural Resources Ltd		255,175		6,795
Chevron Corp		229,319		27,197
ConocoPhillips		335,692		19,128
Diamondback Energy Inc, Cl A		6,673		600
Exxon Mobil Corp		222,846		15,735
Halliburton Co		232,064		4,374
HollyFrontier Corp		57,039		3,060
Kinder Morgan Inc/DE		12,868		265
Laredo Petroleum Inc *		129,060		311
Marathon Petroleum Corp		90,527		5,500
Occidental Petroleum Corp		1,463		65
Phillips 66		86,808		8,889
Pioneer Natural Resources Co		4,098		515
Royal Dutch Shell PLC ADR, Cl A		160,740		9,460
Schlumberger Ltd, Cl A		143,715		4,911
Valero Energy Corp		83,694		7,134
				120,525
Financials — 22.4%
Aflac Inc		150,885		7,894
AGNC Investment Corp ‡		14,913		240
Allstate Corp/The		67,626		7,350
Ally Financial Inc		10,240		340

1 SEI Institutional Managed Trust / Annual Report / September 30, 2019

SCHEDULE OF INVESTMENTS

Large Cap Value Fund (Continued)

September 30, 2019

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Ameriprise Financial Inc		31,652	$	4,656
Annaly Capital Management Inc ‡		465,401		4,096
Arthur J Gallagher & Co		3,311		297
Assured Guaranty Ltd		31,907		1,419
Athene Holding Ltd, Cl A *		7,120		300
Banco Santander SA ADR (A)		467,042		1,878
Bank of America Corp		755,683		22,043
Bank of New York Mellon Corp/The		39,668		1,793
BankUnited Inc		7,871		265
BB&T Corp		26,657		1,423
Berkshire Hathaway Inc, Cl B *		80,373		16,719
Capital One Financial Corp		83,184		7,568
Chubb Ltd		73,483		11,863
CIT Group Inc		42,328		1,918
Citigroup Inc		334,594		23,114
Citizens Financial Group Inc		62,749		2,219
Discover Financial Services		56,007		4,542
E*TRADE Financial Corp		81,389		3,556
Erie Indemnity Co, Cl A		12,752		2,367
Everest Re Group Ltd		19,378		5,156
Fidelity National Financial Inc		42,380		1,882
Fifth Third Bancorp		199,912		5,474
First American Financial Corp		5,189		306
First Horizon National Corp		17,785		288
Franklin Resources Inc		7,703		222
Goldman Sachs Group Inc/The		14,352		2,974
Hartford Financial Services Group Inc/The		32,534		1,972
HSBC Holdings PLC ADR		138,822		5,313
JPMorgan Chase & Co		346,115		40,734
KeyCorp		125,944		2,247
Lincoln National Corp		63,433		3,826
MetLife Inc		55,848		2,634
MFA Financial Inc ‡		47,975		353
MGIC Investment Corp		252,553		3,177
Morgan Stanley		89,100		3,802
Navient Corp		122,162		1,564
New York Community Bancorp Inc		22,539		283
Old Republic International Corp		12,663		298
PNC Financial Services Group Inc/The		29,391		4,119
Popular Inc		46,178		2,497
Principal Financial Group Inc, Cl A		4,457		255
Prudential Financial Inc		54,813		4,930
Radian Group Inc		47,480		1,084
Regions Financial Corp		211,042		3,339
Reinsurance Group of America Inc, Cl A		29,273		4,680
SLM Corp		384,812		3,396
Starwood Property Trust Inc ‡		86,417		2,093
State Street Corp		19,496		1,154
SunTrust Banks Inc		234,504		16,134
Synchrony Financial		223,883		7,632
T Rowe Price Group Inc		8,630		986
Travelers Cos Inc/The		89,423		13,296

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Two Harbors Investment Corp ‡		95,120	$	1,249
Unum Group		87,057		2,587
US Bancorp		4,753		263
Voya Financial Inc		89,174		4,855
Wells Fargo & Co		290,378		14,647
Zions Bancorp NA		47,944		2,134
				301,695
Health Care — 13.0%
AbbVie Inc		79,185		5,996
Allergan PLC		3,166		533
AmerisourceBergen Corp, Cl A		3,048		251
Amgen Inc, Cl A		23,681		4,583
Anthem Inc		15,091		3,623
AstraZeneca PLC ADR		28,539		1,272
Baxter International Inc		3,217		281
Biogen Inc *		15,356		3,575
Bristol-Myers Squibb Co		141,907		7,196
Cardinal Health Inc		69,231		3,267
CVS Health Corp		94,724		5,974
Eli Lilly & Co		95,473		10,677
Exelixis Inc *		64,811		1,146
Gilead Sciences Inc		81,301		5,153
HCA Healthcare Inc		57,376		6,909
Horizon Therapeutics Plc *		88,843		2,419
Humana Inc *		8,286		2,119
Jazz Pharmaceuticals PLC *		22,814		2,923
Johnson & Johnson		203,339		26,308
McKesson Corp		22,873		3,126
Medtronic PLC		38,016		4,129
Merck & Co Inc		296,204		24,935
Molina Healthcare Inc *		14,833		1,628
Mylan NV *		111,892		2,213
Novartis AG ADR		109,770		9,539
Pfizer Inc		865,889		31,111
Premier Inc, Cl A *		6,902		200
Varian Medical Systems Inc *		2,018		240
Waters Corp *		1,235		276
Zimmer Biomet Holdings Inc		19,774		2,714
				174,316
Industrials — 9.1%
3M Co		40,786		6,705
AerCap Holdings NV *		67,330		3,686
AGCO Corp		37,676		2,852
Allison Transmission Holdings Inc		33,858		1,593
American Airlines Group Inc		210,718		5,683
Arconic Inc		64,640		1,681
Boeing Co/The		15,410		5,863
Caterpillar Inc, Cl A		47,099		5,949
Copa Holdings SA, Cl A		2,791		276
Cummins Inc		46,934		7,635

2 SEI Institutional Managed Trust / Annual Report / September 30, 2019

SCHEDULE OF INVESTMENTS

Large Cap Value Fund (Continued)

September 30, 2019

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Delta Air Lines Inc, Cl A		100,386	$	5,782
Eaton Corp PLC		40,745		3,388
Expeditors International of Washington Inc		3,626		269
FedEx Corp		18,403		2,679
GrafTech International Ltd		134,814		1,726
Huntington Ingalls Industries Inc, Cl A		9,609		2,035
Ingersoll-Rand PLC		40,707		5,015
JetBlue Airways Corp *		43,825		734
Johnson Controls International PLC		246,993		10,841
KAR Auction Services Inc		10,563		259
Landstar System Inc		2,456		276
ManpowerGroup Inc		53,830		4,535
Oshkosh Corp		28,625		2,170
PACCAR Inc		4,443		311
Raytheon Co		58,654		11,507
Robert Half International Inc		4,805		267
Siemens AG ADR (B)		156,905		8,408
Southwest Airlines Co, Cl A		78,453		4,237
Spirit AeroSystems Holdings Inc, Cl A		36,890		3,034
Teledyne Technologies Inc *		968		312
Textron Inc		37,937		1,857
United Airlines Holdings Inc *		60,990		5,392
United Technologies Corp		11,285		1,541
Waste Management Inc		23,373		2,688
WESCO International Inc *		30,411		1,453
Woodward Inc		2,342		253
				122,892
Information Technology — 8.2%
Akamai Technologies Inc *		18,092		1,653
Applied Materials Inc		88,749		4,429
CACI International Inc, Cl A *		10,833		2,505
Ciena Corp *		6,012		236
Cisco Systems Inc		337,814		16,691
Corning Inc, Cl B		378,071		10,783
DXC Technology Co		66,314		1,956
Hewlett Packard Enterprise Co		43,627		662
HP Inc		374,025		7,077
Intel Corp		518,309		26,708
International Business Machines Corp		46,136		6,709
IPG Photonics Corp *		10,975		1,488
Lam Research Corp		25,778		5,958
Leidos Holdings Inc		3,309		284
Marvell Technology Group Ltd		125,081		3,123
Micron Technology Inc *		29,886		1,281
Microsoft Corp		60,481		8,409
NVIDIA Corp		22,650		3,943
ON Semiconductor Corp *		24,081		463
Seagate Technology PLC		25,440		1,368
Skyworks Solutions Inc		8,925		707
Symantec Corp, Cl A		14,853		351
Tech Data Corp *		2,650		276

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
VeriSign Inc *		1,247	$	235
Vishay Intertechnology Inc		15,563		263
Western Union Co/The		11,730		272
Xerox Holdings Corp		73,169		2,189
				110,019
Materials — 4.6%
Cabot Corp		33,520		1,519
Celanese Corp, Cl A		37,458		4,581
Corteva Inc		107,210		3,002
Crown Holdings Inc *		68,051		4,495
Domtar Corp		32,926		1,179
Dow Inc		105,818		5,042
DuPont de Nemours Inc		87,653		6,251
Eastman Chemical Co		81,083		5,986
Freeport-McMoRan Inc, Cl B		175,949		1,684
Huntsman Corp		202,830		4,718
International Paper Co		44,795		1,873
LyondellBasell Industries NV, Cl A		62,924		5,630
Newmont Goldcorp Corp		95,909		3,637
Nucor Corp		4,719		240
Owens-Illinois Inc		102,042		1,048
Packaging Corp of America		21,180		2,247
Reliance Steel & Aluminum Co		30,550		3,045
Royal Gold Inc, Cl A		2,124		262
Steel Dynamics Inc		117,304		3,496
Westrock Co		42,008		1,531
				61,466
Real Estate — 3.6%
Apartment Investment & Management Co, Cl A ‡		5,172		270
Brixmor Property Group Inc ‡		99,401		2,017
Camden Property Trust ‡		2,746		305
Equity Commonwealth ‡		8,166		280
Gaming and Leisure Properties Inc ‡		23,528		900
HCP Inc ‡		284,637		10,141
Host Hotels & Resorts Inc ‡		172,945		2,990
Howard Hughes Corp/The *‡		11,467		1,486
Jones Lang LaSalle Inc		1,884		262
Medical Properties Trust Inc ‡		281,990		5,516
Omega Healthcare Investors Inc ‡		35,079		1,466
Outfront Media Inc ‡		34,337		954
Park Hotels & Resorts Inc ‡		9,635		240
Senior Housing Properties Trust ‡		87,684		811
Service Properties Trust		72,901		1,880
Ventas Inc ‡		4,240		310
VEREIT Inc ‡		278,716		2,726
Welltower Inc ‡		178,748		16,203
				48,757

3 SEI Institutional Managed Trust / Annual Report / September 30, 2019

SCHEDULE OF INVESTMENTS

Large Cap Value Fund (Continued)

September 30, 2019

Description	Shares		Market Value ($ Thousands)
Utilities — 4.7%
AES Corp/VA		131,814	$	2,154
Ameren Corp		27,085		2,168
American Electric Power Co Inc		27,968		2,620
Consolidated Edison Inc		52,439		4,954
DTE Energy Co		15,408		2,049
Edison International		35,659		2,689
Exelon Corp		248,535		12,007
FirstEnergy Corp		86,011		4,148
NextEra Energy Inc		86,691		20,198
Pinnacle West Capital Corp		22,720		2,206
Public Service Enterprise Group Inc		34,487		2,141
Vistra Energy Corp		224,137		5,991
				63,325
Total Common Stock (Cost $1,094,048) ($ Thousands)				1,324,682

Description	Shares		Market Value ($ Thousands)
AFFILIATED PARTNERSHIP — 0.1%
SEI Liquidity Fund, L.P.
2.010% **†(C)		898,248	$	899
Total Affiliated Partnership (Cost $898) ($ Thousands)				899
CASH EQUIVALENT — 1.3%
SEI Daily Income Trust, Government Fund, Cl F
1.800% **†		17,909,427		17,909
Total Cash Equivalent (Cost $17,909) ($ Thousands)				17,909
Total Investments in Securities — 99.9% (Cost $1,112,855) ($ Thousands)			$	1,343,490

A list of the open futures contracts held at September 30, 2019 is as follows:

Type of Contract	Number of Contracts Long		Expiration Date		Notional Amount (Thousands)		Value (Thousands)		Unrealized Depreciation (Thousands)
S&P 500 Index E-MINI		51		Dec-2019	$	7,638	$	7,595	$	(43	)
S&P Mid Cap 400 Index E-MINI		25		Dec-2019		4,870		4,845		(25	)
					$	12,508	$	12,440	$	(68	)

Percentages are based on Net Assets of $1,344,514 ($ Thousands).

* Non-income producing security.

** Rate shown is the 7-day effective yield as of September 30, 2019.

^‡  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, 2019 (See Note 10). The total market value of securities on loan at September 30, 2019 was $921 ($ Thousands).

(B) Securities considered illiquid. The total value of such securities as of September 30, 2019 was $8,408 ($ Thousands) and represented 0.6% 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, 2019 was $899 ($ 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, 2019, 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		1,324,682			—		—		1,324,682
Affiliated Partnership		—			899		—		899
Cash Equivalent		17,909			—		—		17,909
Total Investments in Securities		1,342,591			899		—		1,343,490
Other Financial Instruments	Level 1 ($)			Level 2 ($)		Level 3 ($)		Total ($)
Futures Contracts *
Unrealized Depreciation		(68	)		—		—		(68	)
Total Other Financial Instruments		(68	)		—		—		(68	)

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

For the year ended September 30, 2019, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the year ended September 30, 2019, there were no transfers between Level 2 and Level 3 assets and liabilities.

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

4 SEI Institutional Managed Trust / Annual Report / September 30, 2019

SCHEDULE OF INVESTMENTS

Large Cap Value Fund (Concluded)

September 30, 2019

The following is a summary of the Fund’s transactions with affiliates for the year ended September 30, 2019 ($ Thousands):

Security Description	Value 9/30/2018			Purchases at Cost			Proceeds from Sales				Realized Gain			Change in Unrealized Appreciation/ (Depreciation)			Value 9/30/2019			Shares		Income			Capital Gains
SEI Liquidity Fund, L.P.		$	10,516		$	166,113		$	(175,733	)		$	3		$	—		$	899		898,248		$	102		$	—
SEI Daily Income Trust, Government Fund, Cl F			42,653			177,744			(202,488	)			—			—			17,909		17,909,427			646			—
Totals		$	53,169		$	343,857		$	(378,221	)		$	3		$	—		$	18,808		18,807,675		$	748		$	—

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

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

5 SEI Institutional Managed Trust / Annual Report / September 30, 2019

SCHEDULE OF INVESTMENTS

Large Cap Growth Fund

September 30, 2019

Description	Shares		Market Value ($ Thousands)
COMMON STOCK — 98.9%
Communication Services — 9.8%
Activision Blizzard Inc		14,808	$	784
Alphabet Inc, Cl A *		33,983		41,498
Alphabet Inc, Cl C *		10,824		13,194
Comcast Corp, Cl A		224,792		10,134
Facebook Inc, Cl A *		247,154		44,013
IAC/InterActiveCorp *		6,161		1,343
Live Nation Entertainment Inc *		84,351		5,596
Match Group Inc (A)		3,403		243
Netflix Inc *		25,880		6,926
Pinterest Inc, Cl A *(A)		132,187		3,496
Telephone & Data Systems Inc		9,219		238
T-Mobile US Inc *		91,363		7,197
Twitter Inc *		88,380		3,641
Walt Disney Co/The		53,296		6,946
				145,249
Consumer Discretionary — 14.8%
Alibaba Group Holding Ltd ADR *		114,606		19,166
Amazon.com Inc, Cl A *		36,995		64,220
Aptiv PLC		49,851		4,358
AutoZone Inc *		22,155		24,030
Booking Holdings Inc *		407		799
Dollar Tree Inc *		61,558		7,027
eBay Inc		78,623		3,065
Garmin Ltd		3,506		297
Hilton Worldwide Holdings Inc		59,493		5,539
Home Depot Inc/The		11,705		2,716
Lowe’s Cos Inc		83,610		9,194
Lululemon Athletica Inc *		66,755		12,852
McDonald’s Corp		23,387		5,021
NIKE Inc, Cl B		101,123		9,497
Ross Stores Inc		6,461		710
Starbucks Corp		103,554		9,156
Tiffany & Co		56,468		5,231
TJX Cos Inc/The		299,499		16,694
Tractor Supply Co		68,883		6,230
Williams-Sonoma Inc		4,307		293
Yum China Holdings Inc		251,520		11,426
				217,521
Consumer Staples — 4.0%
Colgate-Palmolive Co		151,921		11,168
Estee Lauder Cos Inc/The, Cl A		11,064		2,201
Hershey Co/The		57,659		8,937
Monster Beverage Corp *		4,569		265
PepsiCo Inc		188,910		25,900
Procter & Gamble Co/The		87,571		10,892
Sysco Corp, Cl A		3,833		304
				59,667

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Energy — 0.1%
Cabot Oil & Gas Corp		54,258	$	953
Financials — 7.2%
Aflac Inc		62,626		3,277
Citigroup Inc		4,272		295
CME Group Inc		45,547		9,626
FactSet Research Systems Inc		18,950		4,604
Intercontinental Exchange Inc		111,657		10,303
Moody’s Corp		105,726		21,656
Morgan Stanley		6,714		286
MSCI Inc, Cl A		62,117		13,526
Progressive Corp/The		237,828		18,372
S&P Global Inc		52,131		12,771
T Rowe Price Group Inc		7,253		829
US Bancorp		196,937		10,898
				106,443
Health Care — 13.9%
Abbott Laboratories		255,279		21,359
ABIOMED Inc *		3,921		698
Alnylam Pharmaceuticals Inc *		23,311		1,875
Becton Dickinson and Co		67,013		16,952
Boston Scientific Corp *		242,468		9,866
Bruker Corp		6,866		302
Danaher Corp, Cl A		95,813		13,838
DexCom Inc *		9,906		1,478
GW Pharmaceuticals PLC ADR *		22,707		2,612
HCA Healthcare Inc		60,597		7,297
IDEXX Laboratories Inc *		1,134		308
Illumina Inc *		19,780		6,018
Incyte Corp *		3,913		290
Insulet Corp *		2,046		337
IQVIA Holdings Inc *		24,506		3,661
Johnson & Johnson		126,622		16,382
Masimo Corp *		1,948		290
Merck & Co Inc		206,606		17,392
Mettler-Toledo International Inc *		16,045		11,302
Sarepta Therapeutics Inc *(A)		19,959		1,501
Stryker Corp		33,771		7,305
Thermo Fisher Scientific Inc		24,906		7,254
UnitedHealth Group Inc		163,781		35,593
Varian Medical Systems Inc *		62,437		7,436
Veeva Systems Inc, Cl A *		18,793		2,870
Vertex Pharmaceuticals Inc *		61,426		10,408
WellCare Health Plans Inc *		1,132		294
				204,918
Industrials — 10.0%
3M Co		63,595		10,455
AGCO Corp		3,927		297
Allison Transmission Holdings Inc		6,383		300

1 SEI Institutional Managed Trust / Annual Report / September 30, 2019

SCHEDULE OF INVESTMENTS

Large Cap Growth Fund (Continued)

September 30, 2019

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Arconic Inc		14,095	$	367
Armstrong World Industries Inc		5,283		511
Boeing Co/The		30,082		11,445
Carlisle Cos Inc		2,020		294
Cintas Corp		33,670		9,027
Copart Inc *		3,861		310
Delta Air Lines Inc, Cl A		144,896		8,346
Expeditors International of Washington Inc		4,010		298
Graco Inc		274,584		12,642
HEICO Corp		2,163		270
Honeywell International Inc		85,210		14,418
Ingersoll-Rand PLC		72,301		8,908
L3Harris Technologies Inc		39,459		8,233
Lockheed Martin Corp		29,935		11,676
Middleby Corp/The *		89,404		10,451
Old Dominion Freight Line Inc, Cl A		1,713		291
PACCAR Inc		4,091		286
Robert Half International Inc		5,467		304
TransDigm Group Inc		14,492		7,546
Union Pacific Corp		94,700		15,340
United Technologies Corp		107,939		14,736
				146,751
Information Technology — 34.5%
Adobe Inc *		120,018		33,155
Analog Devices Inc		124,574		13,919
Anaplan Inc *		19,288		906
Apple Inc		273,910		61,348
Applied Materials Inc		148,264		7,398
Aspen Technology Inc *		20,648		2,541
Avalara Inc *		68,380		4,601
Booz Allen Hamilton Holding Corp, Cl A		3,926		279
Broadcom Inc		18,201		5,025
Cadence Design Systems Inc *		57,351		3,790
CDW Corp/DE		48,806		6,015
Ciena Corp *		51,566		2,023
Cisco Systems Inc		235,277		11,625
Datadog Inc, Cl A *		30,000		1,017
Dell Technologies Inc, Cl C *		46,122		2,392
Endava PLC ADR		63,333		2,397
EPAM Systems Inc *		10,472		1,909
Euronet Worldwide Inc *		1,945		284
F5 Networks Inc, Cl A *		18,843		2,646
Fidelity National Information Services Inc, Cl B		154,510		20,513
Fortinet Inc *		41,035		3,150
Intuit Inc		8,489		2,258
Keysight Technologies Inc *		46,809		4,552
KLA Corp		2,639		421
Lam Research Corp		25,911		5,988
Mastercard Inc, Cl A		142,571		38,718
Microsoft Corp		728,655		101,305

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
NVIDIA Corp		17,481	$	3,043
NXP Semiconductors NV		211,133		23,039
Oracle Corp, Cl B		357,215		19,657
Palo Alto Networks Inc *		33,512		6,831
Paychex Inc		3,562		294
Paycom Software Inc *		41,641		8,723
PayPal Holdings Inc *		131,249		13,596
salesforce.com *		186,578		27,696
ServiceNow Inc *		1,054		267
Teradyne Inc		20,940		1,213
Ubiquiti Inc (A)		8,285		980
Universal Display Corp		11,224		1,884
VeriSign Inc *		12,032		2,270
Visa Inc, Cl A		260,356		44,784
VMware Inc, Cl A		1,932		290
Xerox Holdings Corp		80,564		2,410
Xilinx Inc		34,518		3,310
Zebra Technologies Corp, Cl A *		40,062		8,269
				508,731
Materials — 3.0%
Air Products & Chemicals Inc		5,945		1,319
Ball Corp		47,922		3,489
Ecolab Inc		33,320		6,599
Linde PLC		32,274		6,252
Sherwin-Williams Co/The, Cl A		48,203		26,505
				44,164
Real Estate — 1.6%
Apartment Investment & Management Co, Cl A ‡		5,803		302
CBRE Group Inc, Cl A *‡		155,141		8,224
Crown Castle International Corp ‡		97,940		13,615
Equity Commonwealth ‡		8,659		297
Invitation Homes Inc ‡		24,775		734
VEREIT Inc ‡		30,687		300
				23,472
Total Common Stock (Cost $988,776) ($ Thousands)				1,457,869
AFFILIATED PARTNERSHIP — 0.4%
SEI Liquidity Fund, L.P.
2.010% **†(B)		5,991,846		5,992
Total Affiliated Partnership (Cost $5,991) ($ Thousands)				5,992

2 SEI Institutional Managed Trust / Annual Report / September 30, 2019

SCHEDULE OF INVESTMENTS

Large Cap Growth Fund (Concluded)

September 30, 2019

Description	Shares		Market Value ($ Thousands)
CASH EQUIVALENT — 1.1%
SEI Daily Income Trust, Government Fund, Cl F
1.800% **†		16,366,160	$	16,366

Description	Shares	Market Value ($ Thousands)
CASH EQUIVALENT (continued)
Total Cash Equivalent (Cost $16,366) ($ Thousands)		$	16,366
Total Investments in Securities — 100.4% (Cost $1,011,133) ($ Thousands)		$	1,480,227

A list of the open futures held by the Fund at September 30, 2019, is as follows:

Type of Contract	Number of Contracts Long		Expiration Date		Notional Amount (Thousands)		Value (Thousands)		Unrealized Depreciation (Thousands)
S&P 500 Index E-MINI		66		Dec-2019	$	9,894	$	9,829	$	(65	)

Percentages are based on Net Assets of $1,474,065 ($ Thousands).

* Non-income producing security.

** Rate shown is the 7-day effective yield as of September 30, 2019.

^‡  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, 2019 (see Note 10). The total market value of securities on loan at September 30, 2019 was $5,874 ($ 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, 2019 was $5,992 ($ 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, 2019, 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		1,457,869			—		—		1,457,869
Affiliated Partnership		—			5,992		—		5,992
Cash Equivalent		16,366			—		—		16,366
Total Investments in Securities		1,474,235			5,992		—		1,480,227
Other Financial Instruments	Level 1 ($)			Level 2 ($)		Level 3 ($)		Total ($)
Futures Contracts *
Unrealized Appreciation		(65	)		—		—		(65	)
Total Other Financial Instruments		(65	)		—		—		(65	)

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

For the year ended September 30, 2019, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the year ended September 30, 2019, there were no transfers between Level 2 and Level 3 assets and liabilities.

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

The following is a summary of the Fund’s transactions with affiliates for the year ended September 30, 2019 ($ Thousands):

Security Description	Value 9/30/2018			Purchases at Cost			Proceeds from Sales				Realized Gain			Change in Unrealized Appreciation			Value 9/30/2019			Shares		Income			Capital Gains
SEI Liquidity Fund, L.P.		$	18,951		$	137,702		$	(150,677	)		$	14		$	2		$	5,992		5,991,846		$	196		$	—
SEI Daily Income Trust, Government Fund, Cl F			46,852			263,701			(294,187	)			—			—			16,366		16,366,160			596			—
Totals		$	65,803		$	401,403		$	(444,864	)		$	14		$	2		$	22,358		22,358,006		$	792		$	—

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

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

3 SEI Institutional Managed Trust / Annual Report / September 30, 2019

SCHEDULE OF INVESTMENTS

Large Cap Index Fund

September 30, 2019

Description	Shares		Market Value ($ Thousands)
COMMON STOCK — 96.3%
Communication Services — 9.5%
Activision Blizzard Inc		12,208	$	646
Alphabet Inc, Cl A *		4,749		5,799
Alphabet Inc, Cl C *		4,818		5,873
Altice USA Inc, Cl A *		5,100		146
AMC Networks Inc, Cl A *		600		30
AT&T Inc		116,732		4,417
Cable One Inc		66		83
CBS Corp, Cl B		5,515		223
CenturyLink Inc		17,012		212
Charter Communications Inc, Cl A *		2,524		1,040
Cinemark Holdings Inc		1,500		58
Comcast Corp, Cl A		72,050		3,248
Discovery Inc, Cl A *		2,100		56
Discovery Inc, Cl C *		5,517		136
DISH Network Corp, Cl A *		3,711		127
Electronic Arts Inc *		4,569		447
Facebook Inc, Cl A *		38,243		6,810
Fox Corp		8,031		253
GCI Liberty Inc *		1,600		99
IAC/InterActiveCorp *		1,220		266
Interpublic Group of Cos Inc/The		5,800		125
John Wiley & Sons Inc, Cl A		600		26
Liberty Broadband Corp, Cl A *		300		31
Liberty Broadband Corp, Cl C *		1,587		166
Liberty Media Corp-Liberty Formula One, Cl A *		500		20
Liberty Media Corp-Liberty Formula One, Cl C *		3,300		137
Liberty Media Corp-Liberty SiriusXM *		4,100		171
Lions Gate Entertainment Corp, Cl A *		300		3
Lions Gate Entertainment Corp, Cl B *		900		8
Live Nation Entertainment Inc *		1,990		132
Madison Square Garden Co/The *		269		71
Match Group Inc *		900		64
Netflix Inc *		6,763		1,810
New York Times Co/The, Cl A		2,900		83
News Corp, Cl A		6,200		86
News Corp, Cl B		2,300		33
Nexstar Media Group Inc, Cl A		700		72
Omnicom Group Inc		3,526		276
Sinclair Broadcast Group Inc, Cl A		800		34
Sirius XM Holdings Inc		22,118		138
Spotify Technology SA *		1,800		205
Sprint Corp *		8,900		55
Take-Two Interactive Software Inc, Cl A *		1,900		238
Telephone & Data Systems Inc		1,800		46
T-Mobile US Inc *		5,110		403
TripAdvisor Inc *		1,500		58
Twitter Inc *		12,180		502
United States Cellular Corp *		45		2
Verizon Communications Inc		66,215		3,997

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Viacom Inc, Cl A		32	$	1
Viacom Inc, Cl B		6,000		144
Walt Disney Co/The		27,959		3,643
World Wrestling Entertainment Inc, Cl A		600		43
Zayo Group Holdings Inc *		3,890		132
Zillow Group Inc, Cl A *		800		24
Zillow Group Inc, Cl C *		1,700		51
Zynga Inc, Cl A *		14,200		83
				43,082
Consumer Discretionary — 9.9%
Advance Auto Parts Inc		1,075		178
Amazon.com Inc, Cl A *		6,615		11,483
Aptiv PLC		4,214		368
Aramark		3,900		170
AutoNation Inc *		800		41
AutoZone Inc *		376		408
Best Buy Co Inc		3,500		241
Booking Holdings Inc *		656		1,288
BorgWarner Inc		3,500		128
Bright Horizons Family Solutions Inc *		900		137
Brunswick Corp/DE		1,200		62
Burlington Stores Inc *		1,053		210
Caesars Entertainment Corp *		9,307		109
Capri Holdings Ltd *		2,300		76
CarMax Inc *		2,700		238
Carnival Corp		6,227		272
Carter’s Inc		600		55
Carvana Co, Cl A *		700		46
Chipotle Mexican Grill Inc, Cl A *		388		326
Choice Hotels International		600		53
Columbia Sportswear Co		400		39
Darden Restaurants Inc		2,045		242
Dick’s Sporting Goods Inc		892		36
Dollar General Corp		4,217		670
Dollar Tree Inc *		3,818		436
Domino’s Pizza Inc		639		156
DR Horton Inc		5,600		295
Dunkin’ Brands Group Inc		1,314		104
eBay Inc		12,606		491
Etsy Inc *		1,900		107
Expedia Group Inc		2,243		302
Extended Stay America Inc		2,300		34
Five Below Inc *		800		101
Floor & Decor Holdings Inc, Cl A *		1,100		56
Foot Locker Inc, Cl A		1,800		78
Ford Motor Co		62,985		577
frontdoor Inc *		1,200		58
Gap Inc/The		2,900		50
Garmin Ltd		2,200		186
General Motors Co		19,891		745
Gentex Corp		4,135		114

1 SEI Institutional Managed Trust / Annual Report / September 30, 2019

SCHEDULE OF INVESTMENTS

Large Cap Index Fund (Continued)

September 30, 2019

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Genuine Parts Co		2,176	$	217
Goodyear Tire & Rubber Co/The		3,100		45
Graham Holdings Co, Cl B		54		36
Grand Canyon Education Inc *		700		69
GrubHub Inc *(A)		1,300		73
H&R Block Inc		3,300		78
Hanesbrands Inc		5,800		89
Harley-Davidson Inc, Cl A		2,200		79
Hasbro Inc		1,902		226
Hilton Grand Vacations Inc *		1,318		42
Hilton Worldwide Holdings Inc		4,437		413
Home Depot Inc/The		17,643		4,093
Hyatt Hotels Corp, Cl A		494		36
International Game Technology		1,100		16
Kohl’s Corp		2,725		135
L Brands Inc		3,100		61
Las Vegas Sands Corp		5,256		304
Lear Corp		950		112
Leggett & Platt Inc		2,000		82
Lennar Corp, Cl A		4,628		259
Lennar Corp, Cl B		250		11
LKQ Corp *		4,689		147
Lowe’s Cos Inc		12,515		1,376
Lululemon Athletica Inc *		1,893		364
Macy’s Inc		4,514		70
Marriott International Inc/MD, Cl A		4,390		546
Mattel Inc *		6,300		72
McDonald’s Corp		12,241		2,628
MGM Resorts International		8,153		226
Mohawk Industries Inc *		1,059		132
Newell Brands Inc, Cl B		5,670		106
NIKE Inc, Cl B		19,667		1,847
Nordstrom Inc		1,800		61
Norwegian Cruise Line Holdings Ltd *		3,600		186
NVR Inc *		57		212
Ollie’s Bargain Outlet Holdings Inc *		700		41
O’Reilly Automotive Inc *		1,251		499
Penske Automotive Group Inc, Cl A		400		19
Planet Fitness Inc, Cl A *		1,200		69
Polaris Inc		931		82
Pool Corp		567		114
PulteGroup Inc		4,000		146
PVH Corp		1,149		101
Qurate Retail Inc *		6,665		69
Ralph Lauren Corp, Cl A		736		70
Roku Inc, Cl A *		1,300		132
Ross Stores Inc		5,744		631
Royal Caribbean Cruises Ltd		2,836		307
Service Corp International/US		2,900		139
ServiceMaster Global Holdings Inc *		2,100		117
Six Flags Entertainment Corp		1,300		66
Skechers U.S.A. Inc, Cl A *		2,032		76

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Starbucks Corp		19,123	$	1,691
Tapestry Inc		4,708		123
Target Corp, Cl A		7,977		853
Tempur Sealy International Inc *		600		46
Tesla Inc *(A)		2,295		553
Thor Industries Inc		900		51
Tiffany & Co		1,849		171
TJX Cos Inc/The		19,463		1,085
Toll Brothers Inc		2,200		90
Tractor Supply Co		1,800		163
Ulta Beauty Inc *		924		232
Under Armour Inc, Cl A *		2,915		58
Under Armour Inc, Cl C *		2,900		53
Urban Outfitters Inc *		1,000		28
Vail Resorts Inc		670		153
VF Corp		4,950		441
Wayfair Inc, Cl A *		975		109
Wendy’s Co/The		3,100		62
Whirlpool Corp		938		149
Williams-Sonoma Inc		1,100		75
Wyndham Destinations Inc		1,563		72
Wyndham Hotels & Resorts Inc		1,463		76
Wynn Resorts Ltd		1,615		176
Yum China Holdings Inc		5,885		267
Yum! Brands Inc		4,935		560
				45,230
Consumer Staples — 6.8%
Altria Group Inc		29,908		1,223
Archer-Daniels-Midland Co		8,659		356
Beyond Meat Inc *(A)		200		30
Brown-Forman Corp, Cl A		640		38
Brown-Forman Corp, Cl B		2,622		165
Bunge Ltd		2,100		119
Campbell Soup Co		2,600		122
Casey’s General Stores Inc		533		86
Church & Dwight Co Inc		4,010		302
Clorox Co/The		1,971		299
Coca-Cola Co/The		61,364		3,341
Colgate-Palmolive Co		13,437		988
Conagra Brands Inc		7,949		244
Constellation Brands Inc, Cl A		2,572		533
Costco Wholesale Corp		7,051		2,031
Coty Inc, Cl A		4,539		47
Energizer Holdings Inc		800		35
Estee Lauder Cos Inc/The, Cl A		3,438		684
Flowers Foods Inc		3,500		81
General Mills Inc		9,682		534
Grocery Outlet Holding Corp *		300		11
Hain Celestial Group Inc/The *		1,800		39
Herbalife Nutrition Ltd *		1,474		56
Hershey Co/The		2,240		347

2 SEI Institutional Managed Trust / Annual Report / September 30, 2019

SCHEDULE OF INVESTMENTS

Large Cap Index Fund (Continued)

September 30, 2019

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Hormel Foods Corp		4,237	$	185
Ingredion Inc		1,010		82
JM Smucker Co/The		1,854		204
Kellogg Co		3,785		244
Keurig Dr Pepper Inc		3,146		86
Kimberly-Clark Corp		5,470		777
Kraft Heinz Co/The		9,649		269
Kroger Co/The		12,988		335
Lamb Weston Holdings Inc		2,200		160
McCormick & Co Inc/MD		2,041		319
Molson Coors Brewing Co, Cl B		2,895		167
Mondelez International Inc, Cl A		22,712		1,257
Monster Beverage Corp *		6,277		364
Nu Skin Enterprises Inc, Cl A		700		30
PepsiCo Inc		22,328		3,061
Philip Morris International Inc		24,750		1,879
Pilgrim’s Pride Corp *		900		29
Post Holdings Inc *		1,107		117
Procter & Gamble Co/The		39,485		4,911
Seaboard Corp		4		17
Spectrum Brands Holdings Inc		657		34
Sprouts Farmers Market Inc *		1,800		35
Sysco Corp, Cl A		7,663		608
TreeHouse Foods Inc *		700		39
Tyson Foods Inc, Cl A		4,476		385
US Foods Holding Corp *		3,400		140
Walgreens Boots Alliance Inc		12,269		679
Walmart Inc		22,364		2,654
				30,778
Energy — 4.1%
Antero Midstream Corp (A)		3,100		23
Antero Resources Corp *		3,200		10
Apache Corp		5,800		148
Apergy Corp *		1,032		28
Baker Hughes a GE Co, Cl A		10,402		241
Cabot Oil & Gas Corp		6,700		118
Centennial Resource Development Inc/DE, Cl A *		2,800		13
Cheniere Energy Inc *		3,800		240
Chesapeake Energy Corp *(A)		23,900		34
Chevron Corp		30,539		3,622
Cimarex Energy Co		1,644		79
Concho Resources Inc		3,030		206
ConocoPhillips		17,747		1,011
Continental Resources Inc/OK, Cl A		1,200		37
Devon Energy Corp		6,300		152
Diamondback Energy Inc, Cl A		2,729		245
EOG Resources Inc		9,315		691
EQT Corp		3,500		37
Equitrans Midstream Corp		2,760		40
Exxon Mobil Corp		67,590		4,772

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Halliburton Co		13,461	$	254
Helmerich & Payne Inc		1,623		65
Hess Corp		4,400		266
HollyFrontier Corp		2,400		129
Kinder Morgan Inc/DE		31,365		646
Kosmos Energy Ltd		6,200		39
Marathon Oil Corp		12,492		153
Marathon Petroleum Corp		10,612		645
Murphy Oil Corp		2,200		49
National Oilwell Varco Inc, Cl A		5,800		123
Noble Energy Inc		7,143		160
Occidental Petroleum Corp		14,423		641
ONEOK Inc		6,661		491
Parsley Energy Inc, Cl A		4,500		75
Patterson-UTI Energy Inc		2,800		24
PBF Energy Inc, Cl A		2,200		60
Phillips 66		7,162		733
Pioneer Natural Resources Co		2,694		339
Range Resources Corp		2,600		10
Schlumberger Ltd, Cl A		22,173		758
Targa Resources Corp		3,600		145
Transocean Ltd *		9,400		42
Valero Energy Corp		6,722		573
Williams Cos Inc/The		19,573		471
WPX Energy Inc *		6,800		72
				18,710
Financials — 12.7%
Affiliated Managers Group Inc		833		69
Aflac Inc		11,833		619
AGNC Investment Corp ‡		8,228		132
Alleghany *		201		160
Allstate Corp/The		5,323		579
Ally Financial Inc		6,058		201
American Express Co		10,901		1,290
American Financial Group Inc/OH		1,243		134
American International Group Inc		14,003		780
American National Insurance Co		124		15
Ameriprise Financial Inc		2,032		299
Annaly Capital Management Inc ‡		22,874		201
Aon PLC		3,725		721
Arch Capital Group Ltd *		6,289		264
Arthur J Gallagher & Co		2,866		257
Associated Banc-Corp		2,500		51
Assurant Inc		900		113
Assured Guaranty Ltd		1,700		76
Athene Holding Ltd, Cl A *		2,200		93
AXA Equitable Holdings Inc		5,000		111
Axis Capital Holdings Ltd		1,323		88
Bank of America Corp		134,764		3,931
Bank of Hawaii Corp		648		56
Bank of New York Mellon Corp/The		13,485		610

3 SEI Institutional Managed Trust / Annual Report / September 30, 2019

SCHEDULE OF INVESTMENTS

Large Cap Index Fund (Continued)

September 30, 2019

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Bank OZK		2,000	$	54
BankUnited Inc		1,700		57
BB&T Corp		12,324		658
Berkshire Hathaway Inc, Cl B *		31,192		6,489
BGC Partners Inc, Cl A		5,100		28
BlackRock Inc		1,895		845
BOK Financial Corp		400		32
Brighthouse Financial Inc *		1,600		65
Brown & Brown Inc		3,700		133
Capital One Financial Corp		7,522		684
Cboe Global Markets Inc		1,700		195
Charles Schwab Corp/The		18,793		786
Chimera Investment Corp ‡		3,100		61
Chubb Ltd		7,294		1,178
Cincinnati Financial Corp		2,500		292
CIT Group Inc		1,346		61
Citigroup Inc		35,924		2,482
Citizens Financial Group Inc		6,947		246
CME Group Inc		5,663		1,197
CNA Financial Corp		352		17
Comerica Inc		2,253		149
Commerce Bancshares Inc/MO		1,440		87
Credit Acceptance Corp, Cl A *		150		69
Cullen/Frost Bankers Inc		840		74
Discover Financial Services		5,120		415
E*TRADE Financial Corp		3,620		158
East West Bancorp Inc		2,200		97
Eaton Vance Corp		1,800		81
Erie Indemnity Co, Cl A		400		74
Evercore Inc, Cl A		583		47
Everest Re Group Ltd		679		181
FactSet Research Systems Inc		598		145
Fidelity National Financial Inc		4,210		187
Fifth Third Bancorp		12,000		329
First American Financial Corp		1,700		100
First Citizens BancShares Inc/NC, Cl A		130		61
First Hawaiian Inc		2,000		53
First Horizon National Corp		4,600		74
First Republic Bank/CA		2,753		266
FNB Corp/PA		4,600		53
Franklin Resources Inc		4,300		124
Globe Life Inc		1,801		172
Goldman Sachs Group Inc/The		5,126		1,062
Hanover Insurance Group Inc/The, Cl A		589		80
Hartford Financial Services Group Inc/The		5,900		358
Huntington Bancshares Inc/OH		17,077		244
Interactive Brokers Group Inc, Cl A		1,021		55
Intercontinental Exchange Inc		8,912		822
Invesco Ltd		6,157		104
Janus Henderson Group PLC		2,200		49
Jefferies Financial Group Inc		4,400		81
JPMorgan Chase & Co		50,730		5,970

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Kemper Corp, Cl A		1,000	$	78
KeyCorp		15,788		282
Lazard Ltd, Cl A (B)		1,600		56
Legg Mason Inc		1,200		46
LendingTree Inc *		100		31
Lincoln National Corp		3,177		192
Loews Corp		4,089		210
LPL Financial Holdings Inc		1,300		107
M&T Bank Corp		2,066		326
Markel Corp *		220		260
MarketAxess Holdings Inc		653		214
Marsh & McLennan Cos Inc		8,111		812
Mercury General Corp		400		22
MetLife Inc		12,430		586
MFA Financial Inc ‡		7,269		53
MGIC Investment Corp		4,900		62
Moody’s Corp		2,686		550
Morgan Stanley		19,015		811
Morningstar Inc, Cl A		300		44
MSCI Inc, Cl A		1,333		290
Nasdaq Inc, Cl A		1,900		189
Navient Corp		3,300		42
New Residential Investment Corp ‡		6,540		103
New York Community Bancorp Inc		7,500		94
Northern Trust Corp		3,250		303
Old Republic International Corp		4,300		101
OneMain Holdings Inc, Cl A		981		36
PacWest Bancorp		1,700		62
People’s United Financial Inc		5,724		89
Pinnacle Financial Partners Inc		1,300		74
PNC Financial Services Group Inc/The		7,098		995
Popular Inc		1,500		81
Primerica Inc		600		76
Principal Financial Group Inc, Cl A		4,534		259
Progressive Corp/The		9,409		727
Prosperity Bancshares		1,000		71
Prudential Financial Inc		6,518		586
Raymond James Financial Inc		1,970		163
Regions Financial Corp		15,812		250
Reinsurance Group of America Inc, Cl A		1,024		164
RenaissanceRe Holdings Ltd		675		130
S&P Global Inc		3,898		955
Santander Consumer USA Holdings Inc		1,800		46
SEI Investments Co †		2,100		124
Signature Bank/New York NY, Cl B		778		93
SLM Corp		7,400		65
Starwood Property Trust Inc ‡		4,700		114
State Street Corp		5,809		344
Sterling Bancorp/DE		3,000		60
SunTrust Banks Inc		7,160		493
SVB Financial Group, Cl B *		784		164
Synchrony Financial		10,356		353

4 SEI Institutional Managed Trust / Annual Report / September 30, 2019

SCHEDULE OF INVESTMENTS

Large Cap Index Fund (Continued)

September 30, 2019

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Synovus Financial Corp		2,100	$	75
T Rowe Price Group Inc		3,771		431
TCF Financial Corp		2,417		92
TD Ameritrade Holding Corp		4,211		197
Texas Capital Bancshares Inc *		900		49
TFS Financial Corp		617		11
Travelers Cos Inc/The		4,224		628
Two Harbors Investment Corp ‡		4,400		58
Umpqua Holdings Corp		4,000		66
Unum Group		3,200		95
US Bancorp		22,826		1,263
Virtu Financial Inc, Cl A		600		10
Voya Financial Inc		2,300		125
Webster Financial Corp		1,295		61
Wells Fargo & Co		63,565		3,206
Western Alliance Bancorp		1,700		78
White Mountains Insurance Group Ltd		47		51
Willis Towers Watson PLC		2,086		403
Wintrust Financial Corp		900		58
WR Berkley Corp		2,200		159
Zions Bancorp NA		2,800		125
				57,910
Health Care — 12.9%
Abbott Laboratories		27,436		2,296
AbbVie Inc		23,617		1,788
ABIOMED Inc *		748		133
Acadia Healthcare Co Inc, Cl A *		1,100		34
Adaptive Biotechnologies Corp *		200		6
Agilent Technologies Inc		4,979		382
Agios Pharmaceuticals Inc *		600		19
Alexion Pharmaceuticals Inc *		3,548		347
Align Technology Inc *		1,249		226
Alkermes PLC *		2,500		49
Allergan PLC		5,286		890
Alnylam Pharmaceuticals Inc *		1,574		127
AmerisourceBergen Corp, Cl A		2,388		197
Amgen Inc, Cl A		9,592		1,856
Anthem Inc		4,071		977
Avantor Inc *		3,600		53
Baxter International Inc		7,719		675
Becton Dickinson and Co		4,279		1,082
Biogen Inc *		2,929		682
BioMarin Pharmaceutical Inc *		2,937		198
Bio-Rad Laboratories Inc, Cl A *		400		133
Bio-Techne Corp		618		121
Bluebird Bio Inc *		800		73
Boston Scientific Corp *		22,196		903
Bristol-Myers Squibb Co		26,125		1,325
Bruker Corp		1,600		70
Cantel Medical Corp		600		45
Cardinal Health Inc		4,600		217

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Catalent Inc *		2,223	$	106
Celgene Corp, Cl A *		11,217		1,114
Centene Corp *		6,649		288
Cerner Corp		5,100		348
Change Healthcare Inc *		700		8
Charles River Laboratories International Inc *		700		93
Chemed Corp		236		98
Cigna Corp		5,972		906
Cooper Cos Inc/The, Cl A		758		225
Covetrus Inc *		1,619		19
CVS Health Corp		20,731		1,308
Danaher Corp, Cl A		10,136		1,464
DaVita Inc *		1,800		103
DENTSPLY SIRONA Inc		3,600		192
DexCom Inc *		1,448		216
Edwards Lifesciences Corp, Cl A *		3,315		729
Elanco Animal Health Inc *		5,877		156
Eli Lilly & Co		13,762		1,539
Encompass Health Corp		1,400		89
Exact Sciences Corp *		2,100		190
Exelixis Inc *		4,500		80
Gilead Sciences Inc		20,396		1,293
Guardant Health Inc *		500		32
HCA Healthcare Inc		4,325		521
Henry Schein Inc *		2,447		155
Hill-Rom Holdings Inc		1,050		111
Hologic Inc *		4,300		217
Horizon Therapeutics Plc *		3,100		84
Humana Inc *		2,177		557
ICU Medical Inc *		259		41
IDEXX Laboratories Inc *		1,376		374
Illumina Inc *		2,322		706
Incyte Corp *		2,784		207
Insulet Corp *		900		149
Integra LifeSciences Holdings Corp *		1,200		72
Intuitive Surgical Inc *		1,853		1,001
Ionis Pharmaceuticals Inc *		2,100		126
IQVIA Holdings Inc *		2,940		439
Jazz Pharmaceuticals PLC *		843		108
Johnson & Johnson		42,425		5,489
Laboratory Corp of America Holdings *		1,540		259
Masimo Corp *		700		104
McKesson Corp		2,969		406
Medidata Solutions Inc *		1,000		92
MEDNAX Inc *		1,000		23
Medtronic PLC		21,343		2,318
Merck & Co Inc		41,264		3,474
Mettler-Toledo International Inc *		362		255
Moderna Inc *		3,100		49
Molina Healthcare Inc *		900		99
Mylan NV *		8,400		166

5 SEI Institutional Managed Trust / Annual Report / September 30, 2019

SCHEDULE OF INVESTMENTS

Large Cap Index Fund (Continued)

September 30, 2019

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Nektar Therapeutics, Cl A *		2,500	$	46
Neurocrine Biosciences Inc *		1,384		125
Penumbra Inc *		500		67
PerkinElmer Inc		1,800		153
Perrigo Co PLC		1,883		105
Pfizer Inc		88,589		3,183
PRA Health Sciences Inc *		1,000		99
Premier Inc, Cl A *		900		26
QIAGEN NV *		3,300		109
Quest Diagnostics Inc		2,200		235
Regeneron Pharmaceuticals Inc *		1,310		363
ResMed Inc		2,353		318
Sage Therapeutics Inc *		800		112
Sarepta Therapeutics Inc *		1,000		75
Seattle Genetics Inc *		1,861		159
STERIS PLC		1,300		188
Stryker Corp		5,445		1,178
Teleflex Inc		791		269
Thermo Fisher Scientific Inc		6,388		1,861
United Therapeutics Corp *		732		58
UnitedHealth Group Inc		15,121		3,286
Universal Health Services Inc, Cl B		1,275		190
Varian Medical Systems Inc *		1,536		183
Veeva Systems Inc, Cl A *		2,130		325
Vertex Pharmaceuticals Inc *		4,122		698
Waters Corp *		1,054		235
WellCare Health Plans Inc *		831		215
West Pharmaceutical Services Inc		1,144		162
Zimmer Biomet Holdings Inc		3,322		456
Zoetis Inc, Cl A		7,708		960
				58,541
Industrials — 9.3%
3M Co		8,948		1,471
Acuity Brands Inc		578		78
ADT Inc		400		2
AECOM *		2,700		102
AGCO Corp		1,000		76
Air Lease Corp, Cl A		1,700		71
Alaska Air Group Inc		1,900		123
Allegion PLC		1,450		150
Allison Transmission Holdings Inc		1,900		89
AMERCO *		210		82
American Airlines Group Inc		6,672		180
AMETEK Inc		3,683		338
AO Smith Corp		2,200		105
Arconic Inc		6,100		159
Armstrong World Industries Inc		800		77
Boeing Co/The		8,492		3,231
BWX Technologies Inc, Cl W		1,600		91
Carlisle Cos Inc		924		134
Caterpillar Inc, Cl A		8,733		1,103

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
CH Robinson Worldwide Inc		2,200	$	187
Cintas Corp		1,370		367
Clean Harbors Inc *		800		62
Colfax Corp *		1,600		47
Copa Holdings SA, Cl A		433		43
Copart Inc *		3,100		249
CoStar Group Inc *		632		375
Crane Co, Cl A		700		56
CSX Corp		12,174		843
Cummins Inc		2,474		402
Curtiss-Wright Corp		600		78
Deere & Co		5,132		866
Delta Air Lines Inc, Cl A		9,421		542
Donaldson Co Inc, Cl A		1,900		99
Dover Corp		2,305		230
Eaton Corp PLC		6,795		565
Emerson Electric Co		9,843		658
Equifax Inc		1,935		272
Expeditors International of Washington Inc		2,600		193
Fastenal Co, Cl A		9,300		304
FedEx Corp		3,864		562
Flowserve Corp		2,000		93
Fluor Corp		1,900		36
Fortive Corp		4,561		313
Fortune Brands Home & Security Inc		2,100		115
Gardner Denver Holdings Inc *		1,900		54
Gates Industrial Corp PLC *		200		2
General Dynamics Corp		4,110		751
General Electric Co		138,309		1,237
Genesee & Wyoming Inc, Cl A *		800		88
Graco Inc		2,700		124
GrafTech International Ltd		1,261		16
HD Supply Holdings Inc *		2,800		110
HEICO Corp		550		69
HEICO Corp, Cl A		1,200		117
Hexcel Corp, Cl A		1,300		107
Honeywell International Inc		11,431		1,934
Hubbell Inc, Cl B		805		106
Huntington Ingalls Industries Inc, Cl A		627		133
IAA Inc *		2,100		88
IDEX Corp		1,152		189
IHS Markit Ltd *		6,366		426
Illinois Tool Works Inc		5,226		818
Ingersoll-Rand PLC		3,907		481
ITT Inc		1,448		89
Jacobs Engineering Group Inc		2,000		183
JB Hunt Transport Services Inc		1,269		140
JetBlue Airways Corp *		4,597		77
Johnson Controls International PLC		12,862		565
Kansas City Southern		1,680		224
KAR Auction Services Inc		1,800		44
Kirby Corp *		1,000		82

6 SEI Institutional Managed Trust / Annual Report / September 30, 2019

SCHEDULE OF INVESTMENTS

Large Cap Index Fund (Continued)

September 30, 2019

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Knight-Swift Transportation Holdings Inc, Cl A		1,900	$	69
L3Harris Technologies Inc		3,536		738
Landstar System Inc		546		62
Lennox International		596		145
Lincoln Electric Holdings Inc		900		78
Lockheed Martin Corp		3,920		1,529
Lyft Inc, Cl A *		400		16
Macquarie Infrastructure Corp		1,200		47
ManpowerGroup Inc		888		75
Masco Corp		4,400		183
Middleby Corp/The *		835		98
MSC Industrial Direct Co Inc, Cl A		679		49
Nielsen Holdings PLC		5,800		123
Nordson		843		123
Norfolk Southern Corp		4,293		771
Northrop Grumman Corp		2,512		941
nVent Electric PLC		2,400		53
Old Dominion Freight Line Inc, Cl A		1,015		173
Oshkosh Corp		1,100		83
Owens Corning		1,700		108
PACCAR Inc		5,455		382
Parker-Hannifin Corp, Cl A		1,984		358
Pentair PLC		2,600		98
Quanta Services Inc		2,100		79
Raytheon Co		4,467		876
Regal Beloit Corp		600		44
Republic Services Inc		3,300		286
Resideo Technologies Inc *		1,486		21
Robert Half International Inc		1,900		106
Rockwell Automation Inc		1,800		297
Rollins Inc		2,100		72
Roper Technologies Inc		1,662		593
Ryder System Inc		900		47
Schneider National Inc, Cl B		1,200		26
Sensata Technologies Holding PLC *		2,500		125
Snap-on Inc		819		128
Southwest Airlines Co, Cl A		7,844		424
Spirit AeroSystems Holdings Inc, Cl A		1,600		131
Stanley Black & Decker Inc		2,467		356
Stericycle Inc, Cl A *		1,500		76
Teledyne Technologies Inc *		623		201
Textron Inc		3,638		178
Timken Co/The		900		39
Toro Co/The		1,800		132
TransDigm Group Inc *		846		440
TransUnion		3,100		251
Trinity Industries Inc		1,800		35
Uber Technologies Inc *(A)		2,800		85
Union Pacific Corp		11,284		1,828
United Airlines Holdings Inc *		3,673		325
United Parcel Service Inc, Cl B		11,124		1,333

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
United Rentals Inc *		1,203	$	150
United Technologies Corp		12,968		1,770
Univar Solutions Inc *		2,500		52
Valmont Industries Inc		300		42
Verisk Analytics Inc, Cl A		2,597		411
WABCO Holdings Inc *		800		107
Wabtec Corp		2,766		199
Waste Management Inc		6,805		783
Watsco Inc		477		81
WESCO International Inc *		600		28
Woodward Inc		800		86
WW Grainger Inc		711		211
XPO Logistics Inc *		1,433		103
Xylem Inc/NY		2,938		234
				42,566
Information Technology — 21.2%
2U Inc *		600		10
Accenture PLC, Cl A		10,165		1,955
Adobe Inc *		7,755		2,142
Advanced Micro Devices Inc *		16,178		469
Akamai Technologies Inc *		2,600		238
Alliance Data Systems Corp		676		87
Alteryx Inc, Cl A *		700		75
Amdocs Ltd		2,100		139
Amphenol Corp, Cl A		4,716		455
Analog Devices Inc		5,910		660
Anaplan Inc *		1,400		66
ANSYS Inc *		1,344		298
Apple Inc		72,222		16,176
Applied Materials Inc		14,997		748
Arista Networks Inc *		983		235
Arrow Electronics Inc, Cl A *		1,300		97
Aspen Technology Inc *		1,100		135
Atlassian Corp PLC, Cl A *		1,600		201
Autodesk Inc, Cl A *		3,507		518
Automatic Data Processing Inc		6,979		1,127
Avalara Inc *		600		40
Avnet Inc		1,600		71
Black Knight Inc *		2,200		134
Booz Allen Hamilton Holding Corp, Cl A		2,100		149
Broadcom Inc		6,198		1,711
Broadridge Financial Solutions Inc		1,928		240
CACI International Inc, Cl A *		400		93
Cadence Design Systems Inc *		4,400		291
CDK Global Inc		1,776		85
CDW Corp/DE		2,300		283
Ceridian HCM Holding Inc *		1,206		60
Ciena Corp *		2,400		94
Cisco Systems Inc		68,576		3,388
Citrix Systems Inc		2,002		193
Cognex Corp		2,600		128

7 SEI Institutional Managed Trust / Annual Report / September 30, 2019

SCHEDULE OF INVESTMENTS

Large Cap Index Fund (Continued)

September 30, 2019

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Cognizant Technology Solutions Corp, Cl A		8,772	$	529
Coherent Inc *		343		53
CommScope Holding Co Inc *		2,500		30
CoreLogic Inc/United States *		1,300		60
Corning Inc, Cl B		12,514		357
Coupa Software Inc *		900		117
Cree Inc *		1,700		83
Cypress Semiconductor Corp		5,600		131
Dell Technologies Inc, Cl C *		2,227		115
DocuSign Inc, Cl A *		2,420		150
Dolby Laboratories Inc, Cl A		900		58
Dropbox Inc, Cl A *		2,900		58
DXC Technology Co		4,281		126
Dynatrace Inc *		1,600		30
EchoStar Corp, Cl A *		900		36
Elastic NV *		700		58
Entegris Inc		2,100		99
EPAM Systems Inc *		800		146
Euronet Worldwide Inc *		800		117
F5 Networks Inc, Cl A *		941		132
Fair Isaac Corp *		519		158
Fidelity National Information Services Inc, Cl B		9,788		1,299
FireEye Inc *		3,600		48
First Solar Inc *		1,200		70
Fiserv Inc, Cl A *		9,037		936
FleetCor Technologies Inc *		1,348		387
FLIR Systems Inc		2,100		110
Fortinet Inc *		2,200		169
Gartner Inc *		1,366		195
Genpact Ltd		3,000		116
Global Payments Inc		4,767		758
GoDaddy Inc, Cl A *		2,825		186
Guidewire Software Inc, Cl Z *		1,382		146
Hewlett Packard Enterprise Co		21,307		323
HP Inc		24,465		463
HubSpot Inc *		600		91
Intel Corp		70,572		3,637
International Business Machines Corp		14,175		2,061
Intuit Inc		3,968		1,055
IPG Photonics Corp *		533		72
Jabil Inc		2,300		82
Jack Henry & Associates Inc		1,254		183
Juniper Networks Inc		5,500		136
Keysight Technologies Inc *		3,100		302
KLA Corp		2,499		398
Lam Research Corp		2,335		540
Leidos Holdings Inc		2,300		198
Littelfuse Inc		400		71
LogMeIn Inc		700		50
Manhattan Associates Inc *		1,005		81
Marvell Technology Group Ltd		10,772		269

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Mastercard Inc, Cl A		14,328	$	3,891
Maxim Integrated Products Inc		4,500		261
Medallia Inc *		200		6
Microchip Technology Inc		3,801		353
Micron Technology Inc *		17,768		761
Microsoft Corp		120,832		16,799
MKS Instruments Inc		800		74
MongoDB Inc, Cl A *		600		72
Monolithic Power Systems Inc		700		109
Motorola Solutions Inc		2,636		449
National Instruments Corp		2,000		84
NCR Corp *		1,723		54
NetApp Inc		3,800		200
New Relic Inc *		800		49
Nuance Communications *		4,900		80
Nutanix Inc, Cl A *		1,859		49
NVIDIA Corp		9,294		1,618
Okta Inc, Cl A *		1,700		167
ON Semiconductor Corp *		6,100		117
Oracle Corp, Cl B		35,716		1,965
Pagerduty Inc *		100		3
Palo Alto Networks Inc *		1,461		298
Paychex Inc		5,219		432
Paycom Software Inc *		836		175
Paylocity Holding Corp *		500		49
PayPal Holdings Inc *		18,731		1,940
Pegasystems Inc		600		41
Pluralsight, Cl A *		800		13
Proofpoint Inc *		800		103
PTC Inc *		1,565		107
Pure Storage Inc, Cl A *		3,600		61
Qorvo Inc *		1,868		138
QUALCOMM Inc		19,390		1,479
RealPage Inc *		1,300		82
RingCentral Inc, Cl A *		1,100		138
Sabre Corp		4,100		92
salesforce.com Inc *		13,051		1,937
ServiceNow Inc *		3,018		766
Skyworks Solutions Inc		2,872		228
Smartsheet Inc, Cl A *		1,200		43
SolarWinds Corp *		1,100		20
Splunk Inc *		2,458		290
Square Inc, Cl A *		5,500		341
SS&C Technologies Holdings Inc		3,700		191
Switch Inc, Cl A		1,400		22
Symantec Corp, Cl A		9,101		215
SYNNEX Corp		600		68
Synopsys Inc *		2,431		334
Teradata Corp *		1,797		56
Teradyne Inc		2,554		148
Texas Instruments Inc		14,904		1,926
Trade Desk Inc/The, Cl A *		600		113

8 SEI Institutional Managed Trust / Annual Report / September 30, 2019

SCHEDULE OF INVESTMENTS

Large Cap Index Fund (Continued)

September 30, 2019

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Trimble Inc *		3,800	$	148
Twilio Inc, Cl A *		2,000		220
Tyler Technologies Inc *		660		173
Ubiquiti Inc		200		24
Universal Display Corp		642		108
VeriSign Inc *		1,708		322
Versum Materials Inc		1,706		90
ViaSat Inc *		800		60
Visa Inc, Cl A		27,740		4,772
VMware Inc, Cl A *		1,194		179
Western Digital Corp		4,792		286
Western Union Co/The		6,700		155
WEX Inc *		642		130
Workday Inc, Cl A *		2,563		436
Xerox Holdings Corp		2,600		78
Xilinx Inc		3,986		382
Zebra Technologies Corp, Cl A *		900		186
Zendesk Inc *		1,614		118
Zscaler Inc *		1,000		47
				96,785
Materials — 2.7%
Air Products & Chemicals Inc		3,513		779
Albemarle Corp		1,556		108
Alcoa Corp *		3,000		60
AptarGroup Inc		1,100		130
Ardagh Group SA, Cl A		100		2
Ashland Global Holdings Inc		1,000		77
Avery Dennison Corp		1,423		162
Axalta Coating Systems Ltd *		3,300		99
Ball Corp		5,335		388
Berry Global Group Inc *		1,877		74
Cabot Corp		700		32
Celanese Corp, Cl A		1,900		232
CF Industries Holdings Inc		3,637		179
Chemours Co/The		2,300		34
Corteva Inc		11,639		326
Crown Holdings Inc *		2,000		132
Domtar Corp		900		32
Dow Inc		12,106		577
DuPont de Nemours Inc		12,039		859
Eagle Materials Inc		659		59
Eastman Chemical Co		2,132		157
Ecolab Inc		4,059		804
Element Solutions Inc *		3,400		35
FMC Corp		2,000		175
Freeport-McMoRan Inc, Cl B		23,823		228
Graphic Packaging Holding Co		4,000		59
Huntsman Corp		3,705		86
International Flavors & Fragrances Inc		1,760		216
International Paper Co		6,491		271
Linde PLC		8,674		1,680

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
LyondellBasell Industries NV, Cl A		4,311	$	386
Martin Marietta Materials Inc, Cl A		975		267
Mosaic Co/The		5,400		111
NewMarket Corp		113		53
Newmont Goldcorp Corp		13,070		496
Nucor Corp		5,000		255
Olin Corp		2,300		43
Owens-Illinois Inc		2,000		21
Packaging Corp of America		1,427		151
PPG Industries Inc		3,779		448
Reliance Steel & Aluminum Co		946		94
Royal Gold Inc, Cl A		1,047		129
RPM International Inc		1,900		131
Scotts Miracle-Gro Co/The, Cl A		577		59
Sealed Air Corp		2,400		100
Sherwin-Williams Co/The, Cl A		1,291		710
Silgan Holdings Inc		1,000		30
Sonoco Products Co		1,600		93
Southern Copper Corp		1,100		38
Steel Dynamics Inc		3,500		104
United States Steel Corp		2,900		33
Valvoline Inc		2,900		64
Vulcan Materials Co		2,039		309
Westlake Chemical Corp		532		35
Westrock Co		4,000		146
WR Grace & Co		1,000		67
				12,425
Real Estate — 3.9%
Alexandria Real Estate Equities Inc ‡		1,789		275
American Campus Communities Inc ‡		2,000		96
American Homes 4 Rent, Cl A ‡		4,000		104
American Tower Corp, Cl A ‡		6,987		1,545
Americold Realty Trust ‡		2,900		108
Apartment Investment & Management Co, Cl A ‡		2,200		115
Apple Hospitality Inc ‡		3,200		53
AvalonBay Communities Inc ‡		2,173		468
Boston Properties Inc ‡		2,462		319
Brandywine Realty Trust ‡		3,100		47
Brixmor Property Group Inc ‡		4,700		95
Brookfield Property Inc, Cl A ‡		1,727		35
Camden Property Trust ‡		1,400		155
CBRE Group Inc, Cl A *‡		5,500		292
Colony Capital Inc ‡		7,400		45
Columbia Property Trust Inc ‡		1,700		36
CoreSite Realty Corp ‡		700		85
Corporate Office Properties Trust ‡		1,900		57
Cousins Properties Inc ‡		2,400		90
Crown Castle International Corp ‡		6,651		925
CubeSmart ‡		2,900		101
CyrusOne Inc ‡		1,754		139

9 SEI Institutional Managed Trust / Annual Report / September 30, 2019

SCHEDULE OF INVESTMENTS

Large Cap Index Fund (Continued)

September 30, 2019

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Digital Realty Trust Inc, Cl A ‡		3,364	$	437
Douglas Emmett Inc ‡		2,500		107
Duke Realty Corp ‡		5,500		187
Empire State Realty Trust Inc, Cl A ‡		2,300		33
EPR Properties, Cl A ‡		1,200		92
Equinix Inc ‡		1,396		805
Equity Commonwealth *‡		1,700		58
Equity LifeStyle Properties Inc ‡		1,400		187
Equity Residential ‡		5,883		508
Essex Property Trust Inc ‡		1,083		354
Extra Space Storage Inc ‡		1,900		222
Federal Realty Investment Trust ‡		1,146		156
Gaming and Leisure Properties Inc ‡		3,055		117
HCP Inc ‡		7,970		284
Healthcare Trust of America Inc, Cl A ‡		3,200		94
Highwoods Properties Inc ‡		1,478		66
Host Hotels & Resorts Inc ‡		11,702		202
Howard Hughes Corp/The *‡		563		73
Hudson Pacific Properties Inc ‡		2,400		80
Invitation Homes Inc ‡		7,300		216
Iron Mountain Inc ‡		4,800		155
JBG SMITH Properties ‡		1,900		74
Jones Lang LaSalle Inc		843		117
Kilroy Realty Corp ‡		1,500		117
Kimco Realty Corp ‡		6,900		144
Lamar Advertising Co, Cl A ‡		1,400		115
Liberty Property Trust ‡		2,500		128
Life Storage Inc ‡		800		84
Macerich Co/The ‡		2,200		69
Medical Properties Trust Inc ‡		6,535		128
Mid-America Apartment Communities Inc ‡		1,900		247
National Retail Properties Inc ‡		2,700		152
Omega Healthcare Investors Inc ‡		3,654		153
Outfront Media Inc ‡		2,300		64
Paramount Group Inc ‡		3,200		43
Park Hotels & Resorts Inc ‡		3,900		97
Prologis Inc ‡		10,031		855
Public Storage ‡		2,388		586
Rayonier Inc ‡		1,800		51
Realty Income Corp ‡		5,181		397
Regency Centers Corp ‡		2,800		195
Retail Properties of America Inc, Cl A ‡		2,680		33
SBA Communications Corp, Cl A ‡		1,796		433
Service Properties Trust *		2,200		57
Simon Property Group Inc ‡		4,957		772
SITE Centers Corp ‡		2,000		30
SL Green Realty Corp ‡		1,335		109
Spirit Realty Capital Inc ‡		1,378		66
STORE Capital Corp ‡		3,100		116
Sun Communities Inc ‡		1,500		223
Taubman Centers Inc ‡		700		29
UDR Inc ‡		4,800		233

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Ventas Inc ‡		5,990	$	437
VEREIT Inc ‡		17,700		173
VICI Properties Inc ‡		6,994		158
Vornado Realty Trust ‡		2,700		172
Weingarten Realty Investors ‡		2,000		58
Welltower Inc ‡		6,500		589
Weyerhaeuser Co ‡		12,097		335
WP Carey Inc ‡		2,590		232
				17,689
Utilities — 3.3%
AES Corp/VA		10,800		177
Alliant Energy Corp		3,900		210
Ameren Corp		4,025		322
American Electric Power Co Inc		7,929		743
American Water Works Co Inc		2,927		364
Aqua America Inc		3,600		161
Atmos Energy Corp		1,966		224
Avangrid Inc		800		42
CenterPoint Energy Inc		8,255		249
CMS Energy Corp		4,410		282
Consolidated Edison Inc		5,339		504
Dominion Energy Inc		12,802		1,038
DTE Energy Co		2,913		387
Duke Energy Corp		11,606		1,113
Edison International		5,663		427
Entergy Corp		3,235		380
Evergy Inc		3,617		241
Eversource Energy		5,198		444
Exelon Corp		15,539		751
FirstEnergy Corp		8,300		400
Hawaiian Electric Industries Inc		1,800		82
IDACORP Inc, Cl A		900		101
MDU Resources Group Inc		3,100		87
National Fuel Gas Co		1,100		52
NextEra Energy Inc		7,662		1,785
NiSource Inc		5,700		170
NRG Energy Inc		3,900		154
OGE Energy Corp		3,000		136
PG&E Corp *		8,106		81
Pinnacle West Capital Corp		1,700		165
PPL Corp		11,334		357
Public Service Enterprise Group Inc		8,180		508
Sempra Energy		4,414		652
Southern Co/The		16,702		1,032
UGI Corp		3,230		162
Vistra Energy Corp		7,069		189
WEC Energy Group Inc		5,085		484
Xcel Energy Inc		8,190		531
				15,187

10 SEI Institutional Managed Trust / Annual Report / September 30, 2019

SCHEDULE OF INVESTMENTS

Large Cap Index Fund (Continued)

September 30, 2019

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Total Common Stock (Cost $412,991) ($ Thousands)			$	438,903
AFFILIATED PARTNERSHIP — 0.1%
SEI Liquidity Fund, L.P.
2.010% **†(C)		709,632		710
Total Affiliated Partnership (Cost $710) ($ Thousands)				710

Description	Shares		Market Value ($ Thousands)
CASH EQUIVALENT — 3.5%
SEI Daily Income Trust, Government Fund, Cl F
1.800% **†		15,764,662	$	15,765
Total Cash Equivalent (Cost $15,765) ($ Thousands)				15,765
Total Investments in Securities — 99.9% (Cost $429,466) ($ Thousands)			$	455,378

A list of the open futures contracts held by the Fund at September 30, 2019 is as follows:

Type of Contract	Number of Contracts Long		Expiration Date		Notional Amount (Thousands)		Value (Thousands)		Unrealized Depreciation (Thousands)
S&P 500 Index E-MINI		95		Dec-2019	$	14,279	$	14,148	$	(131	)
S&P Mid Cap 400 Index E-MINI		8		Dec-2019		1,572		1,550		(22	)
					$	15,851	$	15,698	$	(153	)

Percentages are based on Net Assets of $455,657 ($ Thousands).

* Non-income producing security.

** Rate shown is the 7-day effective yield as of September 30, 2019.

^‡  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, 2019 (see Note 10). The total market value of securities on loan at September 30, 2019 was $684 ($ Thousands).

(B) Security is a Master Limited Partnership. At September 30, 2019, such securities amounted to $56 ($ 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, 2019 was $710 ($ 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, 2019, 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		438,903			—		—		438,903
Affiliated Partnership		—			710		—		710
Cash Equivalent		15,765			—		—		15,765
Total Investments in Securities		454,668			710		—		455,378
Other Financial Instruments	Level 1 ($)			Level 2 ($)		Level 3 ($)		Total ($)
Futures Contracts *
Unrealized Depreciation		(153	)		—		—		(153	)
Total Other Financial Instruments		(153	)		—		—		(153	)

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

For the year ended September 30, 2019, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the year ended September 30, 2019, there were no transfers between Level 2 and Level 3 assets and liabilities.

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

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

11 SEI Institutional Managed Trust / Annual Report / September 30, 2019

SCHEDULE OF INVESTMENTS

Large Cap Index Fund (Concluded)

September 30, 2019

The following is a summary of the Fund’s transactions with affiliates for the year ended September 30, 2019 ($ Thousands):

Security Description	Value 9/30/2018			Purchases at Cost			Proceeds from Sales				Realized Gain			Change in Unrealized Appreciation			Value 9/30/2019			Shares		Income			Capital Gains
SEI Investment Co		$	73		$	49		$	—			$	—		$	2		$	124		2,100		$	1		$	—
SEI Liquidity Fund, L.P.			173			2,935			(2,398	)			—			—			710		709,632			10			—
SEI Daily Income Trust, Government Fund, Cl F			4,849			112,350			(101,434	)			—			—			15,765		15,764,662			168			—
Totals		$	5,095		$	115,334		$	(103,832	)		$	—		$	2		$	16,599		16,476,394		$	179		$	—

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

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

12 SEI Institutional Managed Trust / Annual Report / September 30, 2019

SCHEDULE OF INVESTMENTS

Tax-Managed Large Cap Fund

September 30, 2019

Description	Shares		Market Value ($ Thousands)
COMMON STOCK — 99.1%
Communication Services — 5.1%
Alphabet Inc, Cl A *		26,214	$	32,011
Alphabet Inc, Cl C *		26,751		32,609
AT&T Inc		723,566		27,380
BCE Inc		466,856		22,601
CenturyLink Inc		238,821		2,980
Charter Communications Inc, Cl A *		14,857		6,123
Comcast Corp, Cl A		121,805		5,491
Electronic Arts Inc *		48,975		4,791
Facebook Inc, Cl A *		173,490		30,895
Netflix Inc *		12,384		3,314
Omnicom Group Inc		128,737		10,080
TEGNA Inc		153,973		2,391
TripAdvisor Inc *		60,347		2,334
Verizon Communications Inc		185,200		11,179
Viacom Inc, Cl B		93,199		2,240
Walt Disney Co/The		39,402		5,135
				201,554
Consumer Discretionary — 10.5%
Amazon.com Inc, Cl A *		30,966		53,754
AutoZone Inc *		16,513		17,910
Best Buy Co Inc		186,465		12,864
Booking Holdings Inc *		2,537		4,979
CarMax Inc *		66,979		5,894
Darden Restaurants Inc		3,127		370
Dick’s Sporting Goods Inc		22,668		925
Dollar General Corp		381,873		60,695
Domino’s Pizza Inc		16,892		4,132
eBay Inc		127,055		4,953
Foot Locker Inc, Cl A		67,359		2,907
GameStop Corp, Cl A *(A)		1,040,608		5,744
General Motors Co		94,123		3,528
Genuine Parts Co		120,377		11,988
Goodyear Tire & Rubber Co/The		453,354		6,531
Graham Holdings Co, Cl B		809		537
Harley-Davidson Inc, Cl A		48,308		1,738
Home Depot Inc/The		28,380		6,585
Kohl’s Corp		46,716		2,320
Lear Corp		115,549		13,623
Lowe’s Cos Inc		432,409		47,548
Lululemon Athletica Inc *		16,000		3,080
Macy’s Inc		62,700		974
Magna International Inc, Cl A		129,268		6,894
NIKE Inc, Cl B		389,570		36,588
Norwegian Cruise Line Holdings Ltd *		285,518		14,781
O’Reilly Automotive Inc *		4,062		1,619
PulteGroup Inc		146,664		5,361
Ross Stores Inc		243,090		26,703
Starbucks Corp		68,046		6,017
Target Corp, Cl A		54,025		5,776
Tiffany & Co		39,063		3,618

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
TJX Cos Inc/The		374,562	$	20,878
TopBuild Corp *		51,618		4,977
Whirlpool Corp		65,517		10,375
Wyndham Destinations Inc		15,527		715
Yum China Holdings Inc		54,923		2,495
				420,376
Consumer Staples — 8.9%
Altria Group Inc		86,561		3,540
Archer-Daniels-Midland Co		146,608		6,021
Clorox Co/The		40,884		6,209
Coca-Cola Co/The		83,088		4,523
Colgate-Palmolive Co		55,000		4,043
Conagra Brands Inc		291,134		8,932
Constellation Brands Inc, Cl A		10,975		2,275
Costco Wholesale Corp		20,685		5,960
Diageo PLC ADR		156,683		25,621
Estee Lauder Cos Inc/The, Cl A		35,000		6,963
Hershey Co/The		129,273		20,036
Ingredion Inc		58,301		4,765
JM Smucker Co/The		188,990		20,793
Kimberly-Clark Corp		166,165		23,604
Kraft Heinz Co/The		5,643		158
Kroger Co/The		958,456		24,709
Lamb Weston Holdings Inc		16,377		1,191
Molson Coors Brewing Co, Cl B		29,513		1,697
Mondelez International Inc, Cl A		99,290		5,493
PepsiCo Inc		228,706		31,356
Philip Morris International Inc		312,273		23,711
Procter & Gamble Co/The		233,806		29,081
Sysco Corp, Cl A		102,270		8,120
Tyson Foods Inc, Cl A		281,181		24,221
Unilever NV		457,590		27,469
Walgreens Boots Alliance Inc		184,087		10,182
Walmart Inc		222,560		26,413
				357,086
Energy — 4.8%
BP PLC ADR (A)		265,989		10,105
Canadian Natural Resources Ltd		620,701		16,529
Carrizo Oil & Gas Inc *		474,393		4,073
Chevron Corp		365,748		43,378
ConocoPhillips		200,139		11,404
Exxon Mobil Corp		242,776		17,142
Halliburton Co		280,000		5,278
Kinder Morgan Inc/DE		286,047		5,896
Laredo Petroleum Inc *		1,208,773		2,913
Marathon Oil Corp		265,093		3,253
Marathon Petroleum Corp		270,228		16,416
Occidental Petroleum Corp		199,261		8,861
Phillips 66		113,325		11,605
Royal Dutch Shell PLC ADR, Cl A		182,043		10,713

1 SEI Institutional Managed Trust / Annual Report / September 30, 2019

SCHEDULE OF INVESTMENTS

Tax-Managed Large Cap Fund (Continued)

September 30, 2019

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Schlumberger Ltd, Cl A		218,000	$	7,449
Valero Energy Corp		211,817		18,055
				193,070
Financials — 18.2%
Aflac Inc		525,317		27,485
Allstate Corp/The		59,438		6,460
American Financial Group Inc/OH		39,790		4,291
Ameriprise Financial Inc		82,444		12,128
Assurant Inc		47,000		5,914
Bank of America Corp		1,550,747		45,235
BB&T Corp		41,703		2,226
Berkshire Hathaway Inc, Cl B *		111,247		23,142
Blackstone Group Inc/The, Cl A		44,695		2,183
Capital One Financial Corp		113,167		10,296
Charles Schwab Corp/The		70,000		2,928
Chubb Ltd		68,000		10,978
CIT Group Inc		69,886		3,167
Citigroup Inc		379,987		26,250
CME Group Inc		117,119		24,752
Discover Financial Services		241,586		19,590
Everest Re Group Ltd		57,218		15,225
FactSet Research Systems Inc		11,209		2,723
Fifth Third Bancorp		478,279		13,095
First Hawaiian Inc		112,040		2,991
First Republic Bank/CA		40,000		3,868
Goldman Sachs Group Inc/The		21,644		4,485
Hartford Financial Services Group Inc/The		101,910		6,177
Huntington Bancshares Inc/OH		321,477		4,587
Intercontinental Exchange Inc		58,438		5,392
JPMorgan Chase & Co		478,943		56,367
KeyCorp		816,571		14,568
KKR & Co Inc		266,561		7,157
Lincoln National Corp		182,558		11,012
Markel Corp *		17,913		21,171
Marsh & McLennan Cos Inc		138,328		13,840
MFA Financial Inc ‡		1,247,149		9,179
Moody’s Corp		288,575		59,109
Morgan Stanley		311,935		13,310
MSCI Inc, Cl A		225,501		49,103
PNC Financial Services Group Inc/The		46,966		6,583
Popular Inc		84,609		4,576
Progressive Corp/The		44,272		3,420
Prudential Financial Inc		112,425		10,113
Radian Group Inc		209,038		4,774
Regions Financial Corp		507,300		8,025
Reinsurance Group of America Inc, Cl A		61,098		9,768
RenaissanceRe Holdings Ltd		4,099		793
S&P Global Inc		18,482		4,528
Santander Consumer USA Holdings Inc		152,330		3,886
State Street Corp		174,023		10,300
SunTrust Banks Inc		257,324		17,704

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
T Rowe Price Group Inc		24,474	$	2,796
Travelers Cos Inc/The		120,419		17,905
Unum Group		111,116		3,302
US Bancorp		544,503		30,133
Voya Financial Inc		294,050		16,008
Wells Fargo & Co		368,253		18,575
Zions Bancorp NA		308,856		13,750
				727,323
Health Care — 15.6%
Abbott Laboratories		274,129		22,936
AbbVie Inc		92,048		6,970
Alcon Inc *		25,000		1,457
Allergan PLC		29,322		4,935
AmerisourceBergen Corp, Cl A		137,635		11,332
Amgen Inc, Cl A		148,566		28,749
Anthem Inc		16,702		4,010
AstraZeneca PLC ADR		66,530		2,965
Baxter International Inc		63,282		5,535
Becton Dickinson and Co		192,791		48,768
Biogen Inc *		61,689		14,362
Bristol-Myers Squibb Co		92,866		4,709
Cardinal Health Inc		72,515		3,422
Celgene Corp, Cl A *		50,515		5,016
Centene Corp *		42,973		1,859
Cigna Corp		27,340		4,150
CVS Health Corp		329,585		20,787
Edwards Lifesciences Corp, Cl A *		20,638		4,539
Eli Lilly & Co		169,143		18,915
Gilead Sciences Inc		212,786		13,486
HCA Healthcare Inc		109,165		13,146
Horizon Therapeutics Plc *		139,419		3,796
Humana Inc *		25,179		6,438
IDEXX Laboratories Inc *		72,356		19,676
Intuitive Surgical Inc *		7,669		4,141
Jazz Pharmaceuticals PLC *		80,162		10,272
Johnson & Johnson		659,514		85,328
McKesson Corp		4,926		673
Merck & Co Inc		866,971		72,982
Mettler-Toledo International Inc *		33,871		23,859
Mylan NV *		208,110		4,116
Novartis AG ADR		159,076		13,824
Novo Nordisk A/S ADR (A)		86,039		4,448
Pfizer Inc		851,349		30,589
Teleflex Inc		36,000		12,231
United Therapeutics Corp *		38,304		3,055
UnitedHealth Group Inc		313,534		68,137
Varian Medical Systems Inc *		44,957		5,354
Vertex Pharmaceuticals Inc *		9,535		1,615
Zoetis Inc, Cl A		63,768		7,945
				620,527

2 SEI Institutional Managed Trust / Annual Report / September 30, 2019

SCHEDULE OF INVESTMENTS

Tax-Managed Large Cap Fund (Continued)

September 30, 2019

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Industrials — 10.3%
3M Co		139,519	$	22,937
AerCap Holdings NV *		175,578		9,613
AGCO Corp		52,600		3,982
Alaska Air Group Inc		67,899		4,407
Allison Transmission Holdings Inc		135,000		6,352
Arconic Inc		236,375		6,146
Boeing Co/The		21,557		8,202
Carlisle Cos Inc		37,409		5,444
Caterpillar Inc, Cl A		32,511		4,106
Copart Inc *		30,000		2,410
Cummins Inc		32,214		5,240
Deere & Co		27,326		4,609
Delta Air Lines Inc, Cl A		360,509		20,765
Eaton Corp PLC		178,693		14,858
Expeditors International of Washington Inc		158,200		11,753
FedEx Corp		20,626		3,003
Fortive Corp		60,000		4,114
Graco Inc		568,764		26,186
Honeywell International Inc		94,392		15,971
Huntington Ingalls Industries Inc, Cl A		41,706		8,833
Illinois Tool Works Inc		143,062		22,388
Johnson Controls International PLC		311,633		13,678
L3Harris Technologies Inc		25,220		5,262
Lockheed Martin Corp		15,688		6,119
ManpowerGroup Inc		18,167		1,530
Middleby Corp/The *		132,419		15,480
Northrop Grumman Corp		16,563		6,208
Oshkosh Corp		61,954		4,696
PACCAR Inc		43,000		3,010
Raytheon Co		106,117		20,819
Robert Half International Inc		69,290		3,857
Roper Technologies Inc		67,713		24,146
Sensata Technologies Holding PLC *		195,000		9,762
Siemens AG ADR (B)		75,000		4,019
Southwest Airlines Co, Cl A		86,460		4,670
SPX Corp *		148,826		5,955
Stanley Black & Decker Inc		25,000		3,610
Textron Inc		80,000		3,917
TransDigm Group Inc *		26,436		13,764
United Airlines Holdings Inc *		134,548		11,895
United Technologies Corp		102,789		14,033
Waste Management Inc		18,232		2,097
WW Grainger Inc		64,211		19,080
				408,926
Information Technology — 16.3%
Adobe Inc *		137,412		37,960
Analog Devices Inc		165,493		18,491
Apple Inc		266,564		59,702
Applied Materials Inc		507,844		25,341
ASML Holding NV, Cl G		27,764		6,897

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Automatic Data Processing Inc		44,927	$	7,252
Broadcom Inc		17,131		4,729
Cadence Design Systems Inc *		50,000		3,304
Cisco Systems Inc		569,792		28,153
Citrix Systems Inc		44,716		4,316
Cognizant Technology Solutions Corp, Cl A		90,285		5,441
Corning Inc, Cl B		234,159		6,678
Global Payments Inc		4,335		689
Hewlett Packard Enterprise Co		307,307		4,662
HP Inc		506,600		9,585
Intel Corp		571,741		29,462
International Business Machines Corp		20,181		2,935
Intuit Inc		156,005		41,488
Juniper Networks Inc		10,346		256
Keysight Technologies Inc *		148,082		14,401
Lam Research Corp		22,006		5,086
Marvell Technology Group Ltd		264,770		6,611
Mastercard Inc, Cl A		239,790		65,120
Microchip Technology Inc (A)		298,826		27,764
Micron Technology Inc *		161,000		6,899
Microsoft Corp		486,353		67,618
Motorola Solutions Inc		27,910		4,756
NetApp Inc		64,780		3,402
Oracle Corp, Cl B		512,747		28,216
QUALCOMM Inc		79,861		6,092
salesforce.com Inc *		15,984		2,373
Seagate Technology PLC		160,400		8,628
ServiceNow Inc *		18,268		4,637
Tech Data Corp *		39,569		4,125
Teradyne Inc		80,000		4,633
Texas Instruments Inc		44,297		5,725
VeriSign Inc *		91,384		17,238
Visa Inc, Cl A		300,204		51,638
Vishay Intertechnology Inc		251,996		4,266
Western Digital Corp		72,366		4,316
Xilinx Inc		44,110		4,230
Zendesk Inc *		63,012		4,592
				649,707
Materials — 4.4%
Axalta Coating Systems Ltd *		120,000		3,618
Cabot Corp		99,097		4,491
Celanese Corp, Cl A		28,298		3,461
Corteva Inc		64,004		1,792
Crown Holdings Inc *		40,000		2,642
Dow Inc		64,005		3,050
DuPont de Nemours Inc		64,005		4,564
Eastman Chemical Co		109,370		8,075
Ecolab Inc		155,113		30,719
Huntsman Corp		312,058		7,258
Ingevity Corp *		14,131		1,199
International Paper Co		302,699		12,659

3 SEI Institutional Managed Trust / Annual Report / September 30, 2019

SCHEDULE OF INVESTMENTS

Tax-Managed Large Cap Fund (Continued)

September 30, 2019

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Linde PLC		123,959	$	24,013
LyondellBasell Industries NV, Cl A		132,110		11,820
Newmont Goldcorp Corp		144,197		5,468
Sherwin-Williams Co/The, Cl A		89,695		49,321
Westrock Co		84,787		3,090
				177,240
Real Estate — 3.2%
American Tower Corp, Cl A ‡		144,806		32,021
Brandywine Realty Trust ‡		24,300		368
CBRE Group Inc, Cl A *‡		41,173		2,183
Crown Castle International Corp ‡		40,644		5,650
Equinix Inc ‡		1,986		1,146
Equity Commonwealth *‡		237,285		8,127
HCP Inc ‡		775,087		27,616
Host Hotels & Resorts Inc ‡		141,505		2,447
Omega Healthcare Investors Inc ‡		66,265		2,769
Public Storage ‡		4,106		1,007
SBA Communications Corp, Cl A ‡		25,216		6,081
Senior Housing Properties Trust ‡		323,787		2,997
Service Properties Trust *		97,540		2,516
Simon Property Group Inc ‡		6,723		1,046
VEREIT Inc ‡		1,613,897		15,784
Weingarten Realty Investors ‡		26,931		784
Welltower Inc ‡		95,878		8,691
WP Carey Inc ‡		84,664		7,577
				128,810
Utilities — 1.8%
Ameren Corp		65,226		5,221
American Electric Power Co Inc		57,553		5,392
Edison International		58,113		4,383
Entergy Corp		69,604		8,169
Exelon Corp		317,795		15,352
FirstEnergy Corp		511,649		24,677
NextEra Energy Inc		33,228		7,742
				70,936
Total Common Stock (Cost $2,118,715) ($ Thousands)				3,955,555
AFFILIATED PARTNERSHIP — 1.0%
SEI Liquidity Fund, L.P.
2.010% **†(C)		39,145,096		39,146
Total Affiliated Partnership (Cost $39,143) ($ Thousands)				39,146

Description	Shares		Market Value ($ Thousands)
CASH EQUIVALENT — 0.9%
SEI Daily Income Trust, Government Fund, Cl F
1.800% **†		34,813,486	$	34,813
Total Cash Equivalent (Cost $34,813) ($ Thousands)				34,813
Total Investments in Securities — 101.0% (Cost $2,192,671) ($ Thousands)			$	4,029,514

Percentages are based on Net Assets of $3,991,140 ($ Thousands).

* Non-income producing security.

** Rate shown is the 7-day effective yield as of September 30, 2019.

^†  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, 2019 (see Note 10). The total market value of securities on loan at September 30, 2019 was $38,938 ($ Thousands).

(B) Securities considered illiquid. The total value of such securities as of September 30, 2019 was $4,019 ($ Thousands) and represented 0.1% of the Net Assets of the Fund (see Note 2).

(C) This security was purchased with cash collateral held from securities on loan (see Note 10). The total market value of such securities as of September 30, 2019 was $39,146 ($ 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, 2019, in valuing the Fund’s investments carried at value ($ Thousands):

Investments in Securities	Level 1 ($)		Level 2 ($)		Level 3 ($)		Total ($)
Common Stock		3,955,555		—		—		3,955,555
Affiliated Partnership		—		39,146		—		39,146
Cash Equivalent		34,813		—		—		34,813
Total Investments in Securities		3,990,368		39,146		—		4,029,514

For the year ended September 30, 2019, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the year ended September 30, 2019, there were no transfers between Level 2 and Level 3 assets and liabilities.

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

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

4 SEI Institutional Managed Trust / Annual Report / September 30, 2019

SCHEDULE OF INVESTMENTS

Tax-Managed Large Cap Fund (Concluded)

September 30, 2019

The following is a summary of the Fund’s transactions with affiliates for the year ended September 30, 2019 ($ Thousands):

Security Description	Value 9/30/2018			Purchases at Cost			Proceeds from Sales				Realized Gain			Change in Unrealized Appreciation			Value 9/30/2019			Shares		Income			Capital Gains
SEI Liquidity Fund, L.P.		$	37,560		$	392,590		$	(391,017	)		$	10		$	3		$	39,146		39,145,096		$	158		$	—
SEI Daily Income Trust, Government Fund, Cl F			14,303			494,187			(473,677	)			—			—			34,813		34,813,486			820			—
Totals		$	51,863		$	886,777		$	(864,694	)		$	10		$	3		$	73,959		73,958,582		$	978		$	—

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

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

5 SEI Institutional Managed Trust / Annual Report / September 30, 2019

SCHEDULE OF INVESTMENTS

S&P 500 Index Fund

September 30, 2019

Description	Shares		Market Value ($ Thousands)
COMMON STOCK — 99.1%
Communication Services — 10.2%
Activision Blizzard Inc		25,900	$	1,371
Alphabet Inc, Cl A *		9,945		12,144
Alphabet Inc, Cl C *		10,090		12,300
AT&T Inc		242,793		9,187
CBS Corp, Cl B		11,726		473
CenturyLink Inc		32,370		404
Charter Communications Inc, Cl A *		5,300		2,184
Comcast Corp, Cl A		150,496		6,784
Discovery Inc, Cl A *		5,600		149
Discovery Inc, Cl C *		11,904		293
DISH Network Corp, Cl A *		8,100		276
Electronic Arts Inc *		9,978		976
Facebook Inc, Cl A *		80,109		14,266
Fox Corp		17,619		556
Interpublic Group of Cos Inc/The		13,301		287
Netflix Inc *		14,500		3,881
News Corp, Cl A		13,975		195
News Corp, Cl B		4,000		57
Omnicom Group Inc		7,604		595
Take-Two Interactive Software Inc, Cl A *		3,800		476
T-Mobile US Inc *		10,700		843
TripAdvisor Inc *		3,455		134
Twitter Inc *		26,300		1,084
Verizon Communications Inc		137,396		8,293
Viacom Inc, Cl B		11,901		286
Walt Disney Co/The		59,793		7,792
				85,286
Consumer Discretionary — 10.0%
Advance Auto Parts Inc		2,500		413
Amazon.com Inc, Cl A *		13,796		23,949
Aptiv PLC		8,900		778
AutoZone Inc *		768		833
Best Buy Co Inc		7,754		535
Booking Holdings Inc *		1,381		2,710
BorgWarner Inc		7,200		264
Capri Holdings Ltd *		4,900		162
CarMax Inc *		5,600		493
Carnival Corp		13,684		598
Chipotle Mexican Grill Inc, Cl A *		849		714
Darden Restaurants Inc		4,218		499
Dollar General Corp		8,781		1,396
Dollar Tree Inc *		7,954		908
DR Horton Inc		11,558		609
eBay Inc		26,549		1,035
Expedia Group Inc		4,755		639
Ford Motor Co		132,837		1,217
Gap Inc/The		6,931		120
Garmin Ltd		4,905		415
General Motors Co		42,413		1,590
Genuine Parts Co		4,836		482

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
H&R Block Inc		6,813	$	161
Hanesbrands Inc		11,700		179
Harley-Davidson Inc, Cl A		5,408		195
Hasbro Inc		3,896		462
Hilton Worldwide Holdings Inc		9,800		912
Home Depot Inc/The		36,345		8,433
Kohl’s Corp		5,656		281
L Brands Inc		8,027		157
Leggett & Platt Inc		4,259		174
Lennar Corp, Cl A		9,716		543
LKQ Corp *		10,600		333
Lowe’s Cos Inc		25,349		2,787
Macy’s Inc		10,864		169
Marriott International Inc/MD, Cl A		9,324		1,160
McDonald’s Corp		25,111		5,392
MGM Resorts International		17,100		474
Mohawk Industries Inc *		2,100		261
Newell Brands Inc, Cl B		12,555		235
NIKE Inc, Cl B		41,294		3,878
Nordstrom Inc		3,907		132
Norwegian Cruise Line Holdings Ltd *		7,500		388
NVR Inc *		120		446
O’Reilly Automotive Inc *		2,600		1,036
PulteGroup Inc		8,799		322
PVH Corp		2,559		226
Ralph Lauren Corp, Cl A		1,805		172
Ross Stores Inc		12,336		1,355
Royal Caribbean Cruises Ltd		5,800		628
Starbucks Corp		39,534		3,496
Tapestry Inc		10,019		261
Target Corp, Cl A		17,328		1,853
Tiffany & Co		3,578		331
TJX Cos Inc/The		39,586		2,206
Tractor Supply Co		4,000		362
Ulta Beauty Inc *		1,900		476
Under Armour Inc, Cl A *		6,005		120
Under Armour Inc, Cl C *		6,449		117
VF Corp		10,965		976
Whirlpool Corp		2,105		333
Wynn Resorts Ltd		3,300		359
Yum! Brands Inc		10,370		1,176
				83,316
Consumer Staples — 7.5%
Altria Group Inc		61,373		2,510
Archer-Daniels-Midland Co		18,875		775
Brown-Forman Corp, Cl B		5,465		343
Campbell Soup Co		5,584		262
Church & Dwight Co Inc		8,400		632
Clorox Co/The		4,342		660
Coca-Cola Co/The		127,649		6,949
Colgate-Palmolive Co		29,095		2,139

1 SEI Institutional Managed Trust / Annual Report / September 30, 2019

SCHEDULE OF INVESTMENTS

S&P 500 Index Fund (Continued)

September 30, 2019

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Conagra Brands Inc		16,365	$	502
Constellation Brands Inc, Cl A		5,713		1,184
Costco Wholesale Corp		14,518		4,183
Coty Inc, Cl A		10,291		108
Estee Lauder Cos Inc/The, Cl A		7,500		1,492
General Mills Inc		20,186		1,113
Hershey Co/The		4,812		746
Hormel Foods Corp		9,108		398
JM Smucker Co/The		3,753		413
Kellogg Co		8,267		532
Kimberly-Clark Corp		11,603		1,648
Kraft Heinz Co/The		21,008		587
Kroger Co/The		27,236		702
Lamb Weston Holdings Inc		4,900		356
McCormick & Co Inc/MD		4,266		667
Molson Coors Brewing Co, Cl B		6,351		365
Mondelez International Inc, Cl A		47,420		2,623
Monster Beverage Corp *		13,154		764
PepsiCo Inc		46,415		6,364
Philip Morris International Inc		51,387		3,902
Procter & Gamble Co/The		83,208		10,349
Sysco Corp, Cl A		17,420		1,383
Tyson Foods Inc, Cl A		10,203		879
Walgreens Boots Alliance Inc		25,557		1,414
Walmart Inc		47,161		5,597
				62,541
Energy — 4.5%
Apache Corp		12,500		320
Baker Hughes a GE Co, Cl A		17,749		412
Cabot Oil & Gas Corp		14,813		260
Chevron Corp		63,023		7,475
Cimarex Energy Co		3,604		173
Concho Resources Inc		6,700		455
ConocoPhillips		37,460		2,134
Devon Energy Corp		14,213		342
Diamondback Energy Inc, Cl A		5,400		485
EOG Resources Inc		18,797		1,395
Exxon Mobil Corp		140,646		9,931
Halliburton Co		29,142		549
Helmerich & Payne Inc		3,905		156
Hess Corp		8,575		519
HollyFrontier Corp		5,400		290
Kinder Morgan Inc/DE		65,482		1,350
Marathon Oil Corp		28,156		345
Marathon Petroleum Corp		22,160		1,346
National Oilwell Varco Inc, Cl A		12,968		275
Noble Energy Inc		15,900		357
Occidental Petroleum Corp		28,962		1,288
ONEOK Inc		13,909		1,025
Phillips 66		15,275		1,564
Pioneer Natural Resources Co		5,804		730

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Schlumberger Ltd, Cl A		46,500	$	1,589
TechnipFMC PLC		14,200		343
Valero Energy Corp		14,108		1,203
Williams Cos Inc/The		41,069		988
				37,299
Financials — 12.9%
Affiliated Managers Group Inc		1,800		150
Aflac Inc		25,134		1,315
Allstate Corp/The		11,259		1,224
American Express Co		22,328		2,641
American International Group Inc		29,430		1,639
Ameriprise Financial Inc		4,484		660
Aon PLC		7,929		1,535
Arthur J Gallagher & Co		6,200		555
Assurant Inc		2,005		252
Bank of America Corp		278,245		8,116
Bank of New York Mellon Corp/The		28,899		1,307
BB&T Corp		25,606		1,367
Berkshire Hathaway Inc, Cl B *		65,217		13,566
BlackRock Inc		3,961		1,765
Capital One Financial Corp		15,766		1,434
Cboe Global Markets Inc		3,700		425
Charles Schwab Corp/The		39,236		1,641
Chubb Ltd		14,934		2,411
Cincinnati Financial Corp		5,183		605
Citigroup Inc		74,851		5,171
Citizens Financial Group Inc		15,200		538
CME Group Inc		12,040		2,545
Comerica Inc		5,092		336
Discover Financial Services		11,030		894
E*TRADE Financial Corp		8,152		356
Everest Re Group Ltd		1,400		373
Fifth Third Bancorp		24,511		671
First Republic Bank/CA		5,500		532
Franklin Resources Inc		10,050		290
Globe Life Inc		3,539		339
Goldman Sachs Group Inc/The		10,965		2,272
Hartford Financial Services Group Inc/The		12,186		739
Huntington Bancshares Inc/OH		35,114		501
Intercontinental Exchange Inc		18,305		1,689
Invesco Ltd		13,000		220
JPMorgan Chase & Co		106,376		12,519
KeyCorp		34,483		615
Lincoln National Corp		6,698		404
Loews Corp		8,862		456
M&T Bank Corp		4,525		715
MarketAxess Holdings Inc		1,300		426
Marsh & McLennan Cos Inc		17,159		1,717
MetLife Inc		27,039		1,275
Moody’s Corp		5,208		1,067
Morgan Stanley		42,361		1,808

2 SEI Institutional Managed Trust / Annual Report / September 30, 2019

SCHEDULE OF INVESTMENTS

S&P 500 Index Fund (Continued)

September 30, 2019

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
MSCI Inc, Cl A		2,900	$	632
Nasdaq Inc, Cl A		4,000		397
Northern Trust Corp		7,509		701
People’s United Financial Inc		12,800		200
PNC Financial Services Group Inc/The		14,584		2,044
Principal Financial Group Inc, Cl A		8,757		500
Progressive Corp/The		19,585		1,513
Prudential Financial Inc		13,566		1,220
Raymond James Financial Inc		4,200		346
Regions Financial Corp		34,463		545
S&P Global Inc		8,321		2,039
State Street Corp		12,591		745
SunTrust Banks Inc		15,296		1,052
SVB Financial Group, Cl B *		1,800		376
Synchrony Financial		20,463		698
T Rowe Price Group Inc		8,008		915
Travelers Cos Inc/The		8,856		1,317
Unum Group		7,261		216
US Bancorp		47,123		2,608
Wells Fargo & Co		133,015		6,709
Willis Towers Watson PLC		4,421		853
Zions Bancorp NA		5,960		265
				106,967
Health Care — 13.5%
Abbott Laboratories		58,519		4,896
AbbVie Inc		48,768		3,693
ABIOMED Inc *		1,500		267
Agilent Technologies Inc		10,415		798
Alexion Pharmaceuticals Inc *		7,700		754
Align Technology Inc *		2,459		445
Allergan PLC		11,153		1,877
AmerisourceBergen Corp, Cl A		5,296		436
Amgen Inc, Cl A		19,829		3,837
Anthem Inc		8,402		2,017
Baxter International Inc		17,335		1,516
Becton Dickinson and Co		8,871		2,244
Biogen Inc *		6,300		1,467
Boston Scientific Corp *		47,112		1,917
Bristol-Myers Squibb Co		53,792		2,728
Cardinal Health Inc		10,159		479
Celgene Corp, Cl A *		23,905		2,374
Centene Corp *		13,900		601
Cerner Corp		10,900		743
Cigna Corp		12,807		1,944
Cooper Cos Inc/The, Cl A		1,700		505
CVS Health Corp		42,776		2,698
Danaher Corp, Cl A		21,396		3,090
DaVita Inc *		3,305		189
DENTSPLY SIRONA Inc		7,909		422
Edwards Lifesciences Corp, Cl A *		6,800		1,495
Eli Lilly & Co		28,006		3,132

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Gilead Sciences Inc		41,666	$	2,641
HCA Healthcare Inc		9,005		1,084
Henry Schein Inc *		4,900		311
Hologic Inc *		9,100		459
Humana Inc		4,601		1,176
IDEXX Laboratories Inc *		2,900		789
Illumina Inc *		5,000		1,521
Incyte Corp *		6,000		445
Intuitive Surgical Inc *		3,860		2,084
IQVIA Holdings Inc *		6,200		926
Johnson & Johnson		87,754		11,354
Laboratory Corp of America Holdings *		3,363		565
McKesson Corp		6,169		843
Medtronic PLC		44,372		4,820
Merck & Co Inc		84,974		7,153
Mettler-Toledo International Inc *		862		607
Mylan NV *		17,015		336
Nektar Therapeutics, Cl A *		5,800		106
PerkinElmer Inc		3,640		310
Perrigo Co PLC		4,404		246
Pfizer Inc		183,456		6,592
Quest Diagnostics Inc		4,624		495
Regeneron Pharmaceuticals Inc *		2,700		749
ResMed Inc		4,800		648
Stryker Corp		10,546		2,281
Teleflex Inc		1,600		544
Thermo Fisher Scientific Inc		13,252		3,860
UnitedHealth Group Inc		31,428		6,830
Universal Health Services Inc, Cl B		2,900		431
Varian Medical Systems Inc *		3,105		370
Vertex Pharmaceuticals Inc *		8,600		1,457
Waters Corp *		2,297		513
WellCare Health Plans Inc *		1,700		441
Zimmer Biomet Holdings Inc		7,060		969
Zoetis Inc, Cl A		16,146		2,012
				112,532
Industrials — 9.3%
3M Co		19,001		3,124
Alaska Air Group Inc		4,000		260
Allegion PLC		3,170		329
American Airlines Group Inc		13,109		354
AMETEK Inc		7,600		698
AO Smith Corp		4,800		229
Arconic Inc		13,678		356
Boeing Co/The		17,741		6,750
Caterpillar Inc, Cl A		19,006		2,401
CH Robinson Worldwide Inc		4,605		390
Cintas Corp		2,612		700
Copart Inc *		6,700		538
CSX Corp		26,072		1,806
Cummins Inc		5,344		869

3 SEI Institutional Managed Trust / Annual Report / September 30, 2019

SCHEDULE OF INVESTMENTS

S&P 500 Index Fund (Continued)

September 30, 2019

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Deere & Co		10,706	$	1,806
Delta Air Lines Inc, Cl A		19,513		1,124
Dover Corp		4,937		492
Eaton Corp PLC		14,315		1,190
Emerson Electric Co		20,815		1,392
Equifax Inc		4,030		567
Expeditors International of Washington Inc		5,909		439
Fastenal Co, Cl A		19,318		631
FedEx Corp		8,105		1,180
Flowserve Corp		4,300		201
Fortive Corp		9,987		685
Fortune Brands Home & Security Inc		4,600		252
General Dynamics Corp		7,930		1,449
General Electric Co		286,709		2,563
Honeywell International Inc		23,751		4,019
Huntington Ingalls Industries Inc, Cl A		1,400		296
IDEX Corp		2,600		426
IHS Markit Ltd *		13,600		910
Illinois Tool Works Inc		9,529		1,491
Ingersoll-Rand PLC		8,204		1,011
Jacobs Engineering Group Inc		4,004		366
JB Hunt Transport Services Inc		2,951		327
Johnson Controls International PLC		26,909		1,181
Kansas City Southern		3,400		452
L3Harris Technologies Inc		7,509		1,567
Lockheed Martin Corp		8,336		3,252
Masco Corp		9,668		403
Nielsen Holdings PLC		12,400		263
Norfolk Southern Corp		8,930		1,604
Northrop Grumman Corp		5,323		1,995
PACCAR Inc		11,991		839
Parker-Hannifin Corp, Cl A		4,271		771
Pentair PLC		5,266		199
Quanta Services Inc		4,800		181
Raytheon Co		9,073		1,780
Republic Services Inc		7,383		639
Robert Half International Inc		4,032		224
Rockwell Automation Inc		3,930		648
Rollins Inc		4,900		167
Roper Technologies Inc		3,500		1,248
Snap-on Inc		1,853		290
Southwest Airlines Co, Cl A		16,562		894
Stanley Black & Decker Inc		5,140		742
Textron Inc		7,707		377
TransDigm Group Inc *		1,600		833
Union Pacific Corp		23,293		3,773
United Airlines Holdings Inc *		7,400		654
United Parcel Service Inc, Cl B		22,924		2,747
United Rentals Inc *		2,600		324
United Technologies Corp		26,744		3,651
Verisk Analytics Inc, Cl A		5,500		870
Wabtec Corp		5,690		409

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Waste Management Inc		13,228	$	1,521
WW Grainger Inc		1,565		465
Xylem Inc/NY		6,100		486
				77,070
Information Technology — 21.7%
Accenture PLC, Cl A		21,004		4,040
Adobe Inc *		16,041		4,431
Advanced Micro Devices Inc *		36,900		1,070
Akamai Technologies Inc *		5,504		503
Alliance Data Systems Corp		1,300		167
Amphenol Corp, Cl A		9,509		918
Analog Devices Inc		11,971		1,338
ANSYS Inc *		2,800		620
Apple Inc		141,582		31,710
Applied Materials Inc		31,450		1,569
Arista Networks Inc *		1,800		430
Autodesk Inc, Cl A *		7,417		1,095
Automatic Data Processing Inc		14,259		2,302
Broadcom Inc		13,146		3,629
Broadridge Financial Solutions Inc		3,944		491
Cadence Design Systems Inc *		9,700		641
CDW Corp/DE		4,900		604
Cisco Systems Inc		140,861		6,960
Citrix Systems Inc		4,342		419
Cognizant Technology Solutions Corp, Cl A		17,705		1,067
Corning Inc, Cl B		27,108		773
DXC Technology Co		9,030		266
F5 Networks Inc, Cl A *		2,000		281
Fidelity National Information Services Inc, Cl B		20,165		2,677
Fiserv Inc, Cl A *		19,120		1,981
FleetCor Technologies Inc *		2,900		832
FLIR Systems Inc		4,400		231
Fortinet Inc *		4,900		376
Gartner Inc *		3,100		443
Global Payments Inc		9,927		1,578
Hewlett Packard Enterprise Co		45,191		686
HP Inc		50,991		965
Intel Corp		147,063		7,578
International Business Machines Corp		29,233		4,251
Intuit Inc		8,786		2,337
IPG Photonics Corp *		1,100		149
Jack Henry & Associates Inc		2,700		394
Juniper Networks Inc		11,600		287
Keysight Technologies Inc *		6,300		613
KLA Corp		5,471		872
Lam Research Corp		4,822		1,114
Leidos Holdings Inc		4,900		421
Mastercard Inc, Cl A		29,617		8,043
Maxim Integrated Products Inc		9,500		550
Microchip Technology Inc		8,004		744

4 SEI Institutional Managed Trust / Annual Report / September 30, 2019

SCHEDULE OF INVESTMENTS

S&P 500 Index Fund (Continued)

September 30, 2019

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Micron Technology Inc *		37,469	$	1,606
Microsoft Corp		254,571		35,393
Motorola Solutions Inc		5,689		969
NetApp Inc		8,285		435
NVIDIA Corp		20,065		3,493
Oracle Corp, Cl B		72,723		4,002
Paychex Inc		10,769		891
PayPal Holdings Inc *		38,849		4,024
Qorvo Inc *		3,900		289
QUALCOMM Inc		40,054		3,055
salesforce.com Inc *		29,009		4,306
Seagate Technology PLC		8,400		452
Skyworks Solutions Inc		5,704		452
Symantec Corp, Cl A		18,947		448
Synopsys Inc *		5,100		700
TE Connectivity Ltd		11,409		1,063
Texas Instruments Inc		30,866		3,989
VeriSign Inc *		3,600		679
Visa Inc, Cl A		57,418		9,876
Western Digital Corp		10,174		607
Western Union Co/The		14,534		337
Xerox Holdings Corp		6,676		200
Xilinx Inc		8,609		826
				180,538
Materials — 2.7%
Air Products & Chemicals Inc		7,126		1,581
Albemarle Corp		3,600		250
Amcor PLC		55,132		538
Avery Dennison Corp		2,815		320
Ball Corp		10,472		762
Celanese Corp, Cl A		4,200		514
CF Industries Holdings Inc		7,250		357
Corteva Inc		25,573		716
Dow Inc		25,406		1,211
DuPont de Nemours Inc		24,273		1,731
Eastman Chemical Co		4,820		356
Ecolab Inc		8,434		1,670
FMC Corp		4,500		395
Freeport-McMoRan Inc, Cl B		48,736		466
International Flavors & Fragrances Inc		3,494		429
International Paper Co		13,474		563
Linde PLC		17,820		3,452
LyondellBasell Industries NV, Cl A		8,774		785
Martin Marietta Materials Inc, Cl A		2,119		581
Mosaic Co/The		11,909		244
Newmont Goldcorp Corp		28,225		1,070
Nucor Corp		10,495		534
Packaging Corp of America		3,200		340
PPG Industries Inc		7,990		947
Sealed Air Corp		5,328		221
Sherwin-Williams Co/The, Cl A		2,716		1,493

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Vulcan Materials Co		4,449	$	673
Westrock Co		8,784		320
				22,519
Real Estate — 3.2%
Alexandria Real Estate Equities Inc ‡		3,900		601
American Tower Corp, Cl A ‡		14,900		3,295
Apartment Investment & Management Co, Cl A ‡		5,140		268
AvalonBay Communities Inc ‡		4,708		1,014
Boston Properties Inc ‡		4,800		622
CBRE Group Inc, Cl A *‡		10,509		557
Crown Castle International Corp ‡		14,104		1,961
Digital Realty Trust Inc, Cl A ‡		7,069		918
Duke Realty Corp ‡		12,000		408
Equinix Inc ‡		2,816		1,624
Equity Residential ‡		11,744		1,013
Essex Property Trust Inc ‡		2,200		719
Extra Space Storage Inc ‡		4,300		502
Federal Realty Investment Trust ‡		2,300		313
HCP Inc ‡		16,300		581
Host Hotels & Resorts Inc ‡		25,174		435
Iron Mountain Inc ‡		9,638		312
Kimco Realty Corp ‡		14,013		293
Macerich Co/The ‡		3,504		111
Mid-America Apartment Communities Inc ‡		3,900		507
Prologis Inc ‡		21,299		1,815
Public Storage ‡		5,066		1,242
Realty Income Corp ‡		10,900		836
Regency Centers Corp ‡		5,499		382
SBA Communications Corp, Cl A ‡		3,900		940
Simon Property Group Inc ‡		10,406		1,620
SL Green Realty Corp ‡		3,000		245
UDR Inc ‡		9,500		460
Ventas Inc ‡		12,732		930
Vornado Realty Trust ‡		5,677		361
Welltower Inc ‡		13,900		1,260
Weyerhaeuser Co ‡		24,861		689
				26,834
Utilities — 3.6%
AES Corp/VA		22,990		376
Alliant Energy Corp		7,900		426
Ameren Corp		8,353		669
American Electric Power Co Inc		16,715		1,566
American Water Works Co Inc		6,200		770
Atmos Energy Corp		3,900		444
CenterPoint Energy Inc		17,185		519
CMS Energy Corp		9,601		614
Consolidated Edison Inc		11,033		1,042
Dominion Energy Inc		27,187		2,203
DTE Energy Co		6,245		830

5 SEI Institutional Managed Trust / Annual Report / September 30, 2019

SCHEDULE OF INVESTMENTS

S&P 500 Index Fund (Continued)

September 30, 2019

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Duke Energy Corp		23,916	$	2,293
Edison International		11,857		894
Entergy Corp		6,364		747
Evergy Inc		8,099		539
Eversource Energy		10,835		926
Exelon Corp		32,755		1,582
FirstEnergy Corp		17,423		840
NextEra Energy Inc		16,120		3,756
NiSource Inc		12,592		377
NRG Energy Inc		8,913		353
Pinnacle West Capital Corp		3,949		383
PPL Corp		24,471		771
Public Service Enterprise Group Inc		17,130		1,063
Sempra Energy		9,245		1,365
Southern Co/The		35,235		2,177

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
WEC Energy Group Inc		10,619	$	1,010
Xcel Energy Inc		17,336		1,125
				29,660
Total Common Stock (Cost $312,522) ($ Thousands)				824,562
CASH EQUIVALENT — 1.1%
SEI Daily Income Trust, Government Fund, Cl F
1.800%**†		8,999,263		8,999
Total Cash Equivalent (Cost $8,999) ($ Thousands)				8,999
Total Investments in Securities — 100.2% (Cost $321,521) ($ Thousands)			$	833,561

A list of the open futures contracts held by the Fund at September 30, 2019, is as follows:

Type of Contract	Number of Contracts Long		Expiration Date		Notional Amount (Thousands)		Value (Thousands)		Unrealized Depreciation (Thousands)
S&P 500 Index E-MINI		72		Dec-2019	$	10,822	$	10,722	$	(100	)

Percentages are based on Net Assets of $832,268 ($ Thousands).

* Non-income producing security.

** Rate shown is the 7-day effective yield as of September 30, 2019.

^‡  Real Estate Investment Trust.

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

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, 2019, 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		824,562			—		—		824,562
Cash Equivalent		8,999			—		—		8,999
Total Investments in Securities		833,561			—		—		833,561
Other Financial Instruments	Level 1 ($)			Level 2 ($)		Level 3 ($)		Total ($)
Futures Contracts *
Unrealized Depreciation		(100	)		—		—		(100	)
Total Other Financial Instruments		(100	)		—		—		(100	)

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

For the year ended September 30, 2019, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the year ended September 30, 2019, there were no transfers between Level 2 and Level 3 assets and liabilities.

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

6 SEI Institutional Managed Trust / Annual Report / September 30, 2019

SCHEDULE OF INVESTMENTS

S&P 500 Index Fund (Concluded)

September 30, 2019

The following is a summary of the Fund’s transactions with affiliates for the year ended September 30, 2019 ($ Thousands):

Security Description	Value 9/30/2018			Purchases at Cost			Proceeds from Sales				Realized Gain			Change in Unrealized Appreciation/ (Depreciation)			Value 9/30/2019			Shares		Income			Capital Gains
SEI Liquidity Fund, L.P.		$	1,791		$	10,046		$	(11,838	)		$	1		$	—		$	—		—		$	19		$	—
SEI Daily Income Trust, Government Fund, Cl F			18,431			117,275			(126,707	)			—			—			8,999		8,999,263			213			—
Totals		$	20,222		$	127,321		$	(138,545	)		$	1		$	—		$	8,999		8,999,263		$	232		$	—

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

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

7 SEI Institutional Managed Trust / Annual Report / September 30, 2019

SCHEDULE OF INVESTMENTS

Small Cap Fund

September 30, 2019

Description	Shares		Market Value ($ Thousands)
COMMON STOCK — 97.6%
Communication Services — 2.4%
Bandwidth Inc, Cl A *		6,414	$	418
Boingo Wireless Inc *		67,039		744
Cable One Inc		1,697		2,129
Cardlytics Inc *		22,220		745
Cargurus Inc, Cl A *		13,062		404
Central European Media Enterprises Ltd, Cl A *		38,480		173
Cogent Communications Holdings Inc		41,991		2,314
Criteo SA ADR *		28,561		534
EverQuote Inc, Cl A *		34,500		736
Glu Mobile Inc *		67,470		337
Gogo Inc *(A)		22,272		134
IDT Corp, Cl B *		10,347		109
Meet Group Inc/The *		33,984		111
National CineMedia Inc		15,262		125
Nexstar Media Group Inc, Cl A		15,108		1,546
Rosetta Stone Inc *		8,059		140
Sinclair Broadcast Group Inc, Cl A		10,459		447
TechTarget Inc *		4,383		99
Travelzoo *		2,879		31
Vonage Holdings Corp *		155,160		1,753
World Wrestling Entertainment Inc, Cl A (A)		16,254		1,156
				14,185
Consumer Discretionary — 14.9%
Aaron’s Inc		31,641		2,033
Advance Auto Parts Inc		6,296		1,041
Asbury Automotive Group Inc *		7,104		727
Bloomin’ Brands Inc		170,867		3,235
Boot Barn Holdings Inc *		1,077		38
Bright Horizons Family Solutions Inc *		2,532		386
Brinker International Inc		7,956		339
Callaway Golf Co		48,609		944
Career Education Corp *		12,575		200
Carter’s Inc		12,076		1,101
Cheesecake Factory Inc/The		77,639		3,236
Chegg Inc *		2,023		61
Churchill Downs Inc		8,271		1,021
Clarus Corp		12,404		145
Collectors Universe Inc		4,197		120
Conn’s Inc *		53,799		1,337
Container Store Group Inc/The *		12,837		57
Cooper Tire & Rubber Co		41,986		1,097
Core-Mark Holding Co Inc, Cl A		55,284		1,775
Crocs Inc *		24,919		692
Dave & Buster’s Entertainment Inc (A)		72,569		2,827
Deckers Outdoor Corp *		4,244		625
Domino’s Pizza Inc		7,434		1,818
Eldorado Resorts Inc *(A)		39,286		1,566
Etsy Inc *		11,616		656
Everi Holdings Inc *		21,890		185

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Expedia Group Inc		1,382	$	186
Five Below Inc *		1,192		150
Fox Factory Holding Corp *		5,969		372
frontdoor Inc *		15,544		755
Funko Inc, Cl A *(A)		31,613		650
Genesco Inc *		7,200		288
Grand Canyon Education Inc *		2,710		266
GrubHub Inc *		9,401		528
Haverty Furniture Cos Inc		2,834		57
Helen of Troy Ltd *		3,579		564
Hibbett Sports Inc *		8,198		188
Jack in the Box Inc		22,709		2,069
K12 Inc *		15,915		420
KB Home		19,500		663
Laureate Education Inc, Cl A *		38,000		630
LCI Industries		12,079		1,109
LGI Homes Inc *		8,700		725
Lithia Motors Inc, Cl A		5,727		758
LKQ Corp *		42,831		1,347
Loral Space & Communications Inc *		5,953		246
Malibu Boats Inc, Cl A *		6,661		204
Marine Products Corp		2,874		41
Matthews International Corp, Cl A		20,560		728
MDC Holdings Inc		20,363		878
Meritage Homes Corp *		26,269		1,848
Michaels Cos Inc/The *(A)		47,153		462
Modine Manufacturing Co *		487,936		5,548
Monro Inc		22,715		1,795
Murphy USA Inc *		30,360		2,590
Nordstrom Inc		17,400		586
Oxford Industries Inc, Cl A		11,270		808
Planet Fitness Inc, Cl A *		12,974		751
PlayAGS Inc *		105,967		1,089
Pool Corp		16,839		3,396
Rent-A-Center Inc/TX		36,858		951
RH *		4,200		718
Rocky Brands Inc		1,590		53
Rubicon Project Inc/The *		80,159		698
Sally Beauty Holdings Inc *		1,669		25
Service Corp International/US		45,367		2,169
ServiceMaster Global Holdings Inc *		10,638		595
Shake Shack Inc, Cl A *		8,950		877
Shutterstock Inc *		11,650		421
Six Flags Entertainment Corp		18,177		923
Skechers U.S.A. Inc, Cl A *		81,039		3,027
Skyline Champion Corp *		13,552		408
Sleep Number Corp *		4,572		189
Sonic Automotive Inc, Cl A		23,711		745
Sonos Inc *		52,463		704
Steven Madden Ltd		19,591		701
Strategic Education Inc		5,310		722
Tractor Supply Co		22,373		2,023

1 SEI Institutional Managed Trust / Annual Report / September 30, 2019

SCHEDULE OF INVESTMENTS

Small Cap Fund (Continued)

September 30, 2019

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Urban Outfitters Inc *		137,933	$	3,875
Vail Resorts Inc		12,636		2,875
Vera Bradley Inc *		2,452		25
Vista Outdoor Inc *		55,203		342
Wendy’s Co/The		27,583		551
Wingstop Inc, Cl A		6,813		595
WW International Inc		18,500		700
Wyndham Hotels & Resorts Inc		32,378		1,675
YETI Holdings Inc *(A)		17,006		476
Zumiez Inc *		8,000		253
				87,273
Consumer Staples — 4.8%
Andersons Inc/The		60,738		1,362
Boston Beer Co Inc/The, Cl A *		2,307		840
Calavo Growers Inc		22,993		2,189
Cal-Maine Foods Inc *		19,704		787
Casey’s General Stores Inc		16,529		2,664
Chefs’ Warehouse Inc/The *		5,699		230
Church & Dwight Co Inc		26,491		1,993
Darling Ingredients Inc *		107,787		2,062
elf Beauty Inc *		12,147		213
Grocery Outlet Holding Corp *		12,320		427
Hain Celestial Group Inc/The *		125,094		2,686
HF Foods Group Inc *(A)		4,733		81
Hostess Brands Inc, Cl A *		103,022		1,441
J&J Snack Foods Corp		12,180		2,339
Lifevantage Corp *		6,000		82
Medifast Inc		13,121		1,360
Natural Grocers by Vitamin Cottage Inc *		5,431		54
Nature’s Sunshine Products Inc *		5,913		49
Performance Food Group Co *		25,344		1,166
Pilgrim’s Pride Corp *		17,165		550
Sanderson Farms Inc		5,513		834
Simply Good Foods Co/The *		44,943		1,303
Spectrum Brands Holdings Inc		14,847		783
TreeHouse Foods Inc *		46,065		2,554
Village Super Market Inc, Cl A		4,166		110
				28,159
Energy — 1.3%
Arch Coal Inc		3,506		260
Cabot Oil & Gas Corp		91,228		1,603
Callon Petroleum Co *(A)		135,983		590
Carrizo Oil & Gas Inc *		58,736		504
Clean Energy Fuels Corp *		13,000		27
DHT Holdings Inc		40,122		247
DMC Global Inc		12,800		563
Dril-Quip Inc *		740		37
Evolution Petroleum Corp		16,448		96
Gulfport Energy Corp *		378,078		1,025
Helix Energy Solutions Group Inc *		37,916		306

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Phillips 66 Partners LP (A)(B)		28,682	$	1,624
Select Energy Services Inc, Cl A *		46,709		404
Smart Sand Inc *		17,166		49
SRC Energy Inc *		72,125		336
Teekay Tankers Ltd, Cl A *		107,702		140
W&T Offshore Inc *		21,544		94
				7,905
Financials — 17.5%
Affiliated Managers Group Inc		37,403		3,118
American Equity Investment Life Holding Co		197,157		4,771
Apollo Global Management Inc, Cl A		17,000		643
Artisan Partners Asset Management Inc, Cl A		20,501		579
Axos Financial Inc *		25,748		712
Banc of California Inc		53,909		762
Bancorp Inc/The *		111,009		1,099
Bank of Marin Bancorp		2,937		122
Bank of NT Butterfield & Son Ltd/The		44,307		1,313
Bank OZK		98,506		2,686
BankUnited Inc		184,996		6,220
Baycom Corp *		5,801		132
Blackstone Mortgage Trust Inc, Cl A		60,043		2,153
Bridge Bancorp Inc		7,365		218
Bridgewater Bancshares Inc *		11,564		138
Brightsphere Investment Group Inc		34,483		342
Cambridge Bancorp		328		25
Capstar Financial Holdings Inc		6,167		102
Caretrust		34,563		812
CBTX Inc		8,313		232
Central Pacific Financial Corp		10,225		290
Century Bancorp Inc/MA, Cl A		1,491		131
CNO Financial Group Inc		288,679		4,570
Coastal Financial Corp/WA *		4,608		70
Cohen & Steers Inc		38,487		2,114
Cowen Inc, Cl A *		99,890		1,537
Donegal Group Inc, Cl A		5,155		76
Dynex Capital Inc		39,916		590
Eagle Bancorp Inc		14,481		646
eHealth Inc *		5,946		397
Encore Capital Group Inc *		3,747		125
Enova International Inc *		13,834		287
Esquire Financial Holdings Inc *		3,274		81
Essent Group Ltd		8,515		406
Evercore Inc, Cl A		22,758		1,823
FactSet Research Systems Inc		6,489		1,577
Federal Agricultural Mortgage Corp, Cl C		619		51
Federated Investors Inc, Cl B		16,356		530
FGL Holdings		8,298		66
First BanCorp/Puerto Rico		54,304		542
First Choice Bancorp		4,000		85

2 SEI Institutional Managed Trust / Annual Report / September 30, 2019

SCHEDULE OF INVESTMENTS

Small Cap Fund (Continued)

September 30, 2019

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
First Commonwealth Financial Corp		292,115	$	3,879
First Horizon National Corp		118,065		1,913
First Northwest Bancorp		5,461		95
FNB Corp/PA		636,704		7,341
Goosehead Insurance Inc, Cl A *(A)		16,467		813
Great Southern Bancorp Inc		3,057		174
Great Western Bancorp Inc		106,609		3,518
Green Dot Corp, Cl A *		70,047		1,769
Hallmark Financial Services Inc *		6,702		128
Hamilton Lane Inc, Cl A		12,534		714
Hanover Insurance Group Inc/The, Cl A		5,126		695
Health Insurance Innovations Inc, Cl A *(A)		4,738		118
Hercules Capital Inc, Cl A (A)		129,360		1,730
Home BancShares Inc/AR		139,848		2,628
IBERIABANK Corp		27,473		2,075
Independent Bank Corp/MI		5,681		121
James River Group Holdings Ltd		14,957		766
Kemper Corp, Cl A		1,737		135
Kinsale Capital Group Inc		7,789		805
LegacyTexas Financial Group Inc		10,728		467
Luther Burbank Corp		9,437		107
MarketAxess Holdings Inc		5,649		1,850
Mercantile Bank Corp		4,922		161
Meta Financial Group Inc		3,000		98
Metropolitan Bank Holding Corp *		3,189		125
MGIC Investment Corp		113,202		1,424
MSCI Inc, Cl A		8,141		1,773
MVB Financial Corp		5,150		102
National General Holdings Corp		208,855		4,808
Nicolet Bankshares Inc *		4,033		268
Norwood Financial Corp		2,991		95
Oak Valley Bancorp		2,000		33
OFG Bancorp		47,051		1,030
OneMain Holdings Inc, Cl A		17,500		642
Parke Bancorp Inc		3,620		80
PennyMac Financial Services Inc *		31,482		956
PennyMac Mortgage Investment Trust		12,994		289
Primerica Inc		1,267		161
ProAssurance Corp		42,489		1,711
Prosperity Bancshares Inc		26,204		1,851
Radian Group Inc		18,261		417
Republic Bancorp Inc/KY, Cl A		4,781		208
Riverview Bancorp Inc		10,312		76
Southern National Bancorp of Virginia Inc		9,421		145
Spirit of Texas Bancshares Inc *		1,700		37
Sterling Bancorp/DE		127,297		2,554
Stock Yards Bancorp Inc		3,440		126
TCF Financial Corp		9,257		352
Tiptree Inc		13,525		98
TriState Capital Holdings Inc *		11,035		232
Umpqua Holdings Corp		295,598		4,866
United Bankshares Inc/WV		33,502		1,269

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Univest Financial Corp		49,679	$	1,267
Waddell & Reed Financial Inc, Cl A (A)		21,162		364
Wintrust Financial Corp		15,149		979
World Acceptance Corp *		408		52
				102,663
Health Care — 13.0%
ACADIA Pharmaceuticals Inc *		21,000		756
Addus HomeCare Corp *		7,800		618
Aerie Pharmaceuticals Inc *		12,923		248
Aimmune Therapeutics Inc *(A)		15,325		321
Akebia Therapeutics Inc *		40,516		159
Allakos Inc *(A)		9,123		717
Amedisys Inc *		3,172		416
Anika Therapeutics Inc *		5,979		328
Antares Pharma Inc *		68,601		229
ArQule Inc *		61,377		440
Arrowhead Pharmaceuticals Inc *		26,000		733
Axonics Modulation Technologies Inc *		16,109		434
Axsome Therapeutics Inc *(A)		28,930		586
BioDelivery Sciences International Inc *		37,015		156
BioMarin Pharmaceutical Inc *		7,801		526
BioSpecifics Technologies Corp *		2,644		141
BioTelemetry Inc *		2,103		86
Cantel Medical Corp		23,419		1,752
Cara Therapeutics Inc *		26,171		478
Cardiovascular Systems Inc *		70,491		3,350
Catalyst Pharmaceuticals Inc *		5,893		31
Chemed Corp		4,937		2,061
Coherus Biosciences Inc *		9,308		189
Collegium Pharmaceutical Inc *		20,142		231
CONMED Corp		8,913		857
CorVel Corp *		2,543		192
CryoPort Inc *		24,439		400
Cutera Inc *		21,500		628
Dova Pharmaceuticals Inc *		27,000		755
Eagle Pharmaceuticals Inc/DE *		1,188		67
Emergent BioSolutions Inc *		19,907		1,041
Encompass Health Corp		27,537		1,742
Ensign Group Inc/The		51,793		2,456
Enzo Biochem Inc *		22,609		81
G1 Therapeutics Inc *		16,500		376
Genesis Healthcare Inc, Cl A *		21,733		24
Genomic Health Inc *		8,668		588
Glaukos Corp *		12,626		789
Global Blood Therapeutics Inc *		7,428		360
Haemonetics Corp *		7,755		978
Halozyme Therapeutics Inc *		3,117		48
HealthEquity Inc *		11,757		672
HMS Holdings Corp *		29,034		1,001
Immunomedics Inc *(A)		30,856		409
Inovalon Holdings Inc, Cl A *		41,716		684

3 SEI Institutional Managed Trust / Annual Report / September 30, 2019

SCHEDULE OF INVESTMENTS

Small Cap Fund (Continued)

September 30, 2019

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Insmed Inc *		12,411	$	219
Inspire Medical Systems Inc *		9,952		607
Insulet Corp *		5,185		855
Integer Holdings Corp *		6,295		476
Integra LifeSciences Holdings Corp *		10,116		608
Iovance Biotherapeutics Inc *		27,396		499
iRadimed Corp *		2,933		62
Ironwood Pharmaceuticals Inc, Cl A *		3,875		33
Jazz Pharmaceuticals PLC *		3,249		416
Joint Corp/The *		7,234		135
Krystal Biotech Inc *		14,584		506
Lannett Co Inc *		11,000		123
Lantheus Holdings Inc *		3,911		98
LHC Group Inc *		5,282		600
Ligand Pharmaceuticals Inc *		19,931		1,984
Magellan Health Inc *		62,698		3,894
MannKind Corp *(A)		110,851		139
Masimo Corp *		6,452		960
Medicines Co/The *		15,000		750
Medidata Solutions Inc *		9,077		831
Medpace Holdings Inc *		16,382		1,377
MeiraGTx Holdings plc *		5,626		90
Meridian Bioscience Inc *		8,873		84
Merit Medical Systems Inc *		25,590		779
Mirati Therapeutics Inc *		4,957		386
Myriad Genetics Inc *		22,734		651
NanoString Technologies Inc *		524		11
Natera Inc *		23,238		762
Nektar Therapeutics, Cl A *		19,609		357
NeoGenomics Inc *		64,895		1,241
Neurocrine Biosciences Inc *		7,111		641
Novocure Ltd *		9,544		714
Omnicell Inc *		17,917		1,295
Optinose Inc *(A)		23,840		167
Pacira BioSciences Inc *		21,504		819
Patterson Cos Inc		35,915		640
PDL BioPharma Inc *		20,689		45
Premier Inc, Cl A *		37,156		1,075
Prestige Consumer Healthcare Inc, Cl A *		58,347		2,024
Progenics Pharmaceuticals Inc *		10,875		55
Puma Biotechnology Inc *		14,386		155
Quest Diagnostics Inc		17,108		1,831
Quidel Corp *		316		19
R1 RCM Inc *		136,485		1,219
Ra Pharmaceuticals Inc *		22,252		526
Reata Pharmaceuticals Inc, Cl A *		3,091		248
Recro Pharma Inc *		9,390		104
Repligen Corp *		11,937		915
ResMed Inc		14,489		1,958
Revance Therapeutics Inc *		24,535		319
Rigel Pharmaceuticals Inc *		77,587		145
SeaSpine Holdings Corp *		67,094		819

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
SIGA Technologies Inc *		18,641	$	95
Simulations Plus Inc		4,231		147
STAAR Surgical Co *		919		24
STERIS PLC		14,386		2,079
Supernus Pharmaceuticals Inc *		25,445		699
Tactile Systems Technology Inc *		2,349		99
Tandem Diabetes Care Inc *		8,783		518
Teleflex Inc		4,978		1,691
Tivity Health Inc *		208,934		3,475
Turning Point Therapeutics Inc *		12,563		472
Vanda Pharmaceuticals Inc *		20,843		277
Veracyte Inc *		54,711		1,313
Vericel Corp *		48,673		737
Voyager Therapeutics Inc *		9,098		157
				76,183
Industrials — 17.2%
ACCO Brands Corp		121,188		1,196
Actuant Corp, Cl A		32,744		718
ADT Inc (A)		225,016		1,411
AECOM *		41,324		1,552
Aerojet Rocketdyne Holdings Inc *		17,403		879
Albany International Corp, Cl A		8,500		766
Altra Industrial Motion Corp		30,094		833
Apogee Enterprises Inc		44,802		1,747
Armstrong World Industries Inc		16,388		1,585
ASGN Inc *		23,097		1,452
Astec Industries Inc		38,226		1,189
Atkore International Group Inc *		37,500		1,138
Atlas Air Worldwide Holdings Inc *		77,582		1,957
Badger Meter Inc		36,042		1,936
Barrett Business Services Inc		939		83
BMC Stock Holdings Inc *		30,616		802
Brady Corp, Cl A		15,682		832
BrightView Holdings Inc *		58,513		1,004
Brink’s Co/The		15,783		1,309
BWX Technologies Inc, Cl W		63,099		3,610
Casella Waste Systems Inc, Cl A *		17,063		733
Chart Industries Inc *		2,041		127
Cimpress NV *		8,925		1,177
CIRCOR International Inc *		21,719		816
Clean Harbors Inc *		17,571		1,357
Commercial Vehicle Group Inc *		10,877		78
CoStar Group Inc *		1,532		909
CSW Industrials Inc		5,006		346
DXP Enterprises Inc/TX *		1,788		62
Dycom Industries Inc *		8,873		453
EMCOR Group Inc		15,733		1,355
Encore Wire Corp		1,547		87
Energy Recovery Inc *(A)		16,671		155
Ennis Inc		11,027		223
EnPro Industries Inc		16,713		1,147

4 SEI Institutional Managed Trust / Annual Report / September 30, 2019

SCHEDULE OF INVESTMENTS

Small Cap Fund (Continued)

September 30, 2019

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Federal Signal Corp		26,758	$	876
Fortress Transportation & Infrastructure Investors LLC (B)		97,507		1,477
Foundation Building Materials Inc *		5,600		87
FTI Consulting Inc *		16,851		1,786
Generac Holdings Inc *		32,488		2,545
GMS Inc *		3,000		86
Great Lakes Dredge & Dock Corp *		25,943		271
Harsco Corp *		1,002		19
Healthcare Services Group Inc		31,259		759
HEICO Corp		15,249		1,904
Herman Miller Inc		16,556		763
Hexcel Corp, Cl A		20,606		1,692
Hillenbrand Inc		8,279		256
Huntington Ingalls Industries Inc, Cl A		7,717		1,634
Huron Consulting Group Inc *		36,994		2,269
IAA Inc *		30,795		1,285
ICF International Inc, Cl A		21,993		1,858
ITT Inc		27,183		1,663
JetBlue Airways Corp *		159,924		2,679
John Bean Technologies Corp, Cl A		6,045		601
KAR Auction Services Inc		31,543		774
Kelly Services Inc, Cl A		30,335		735
Kforce Inc		515		20
Kimball International Inc, Cl B		5,451		105
Korn Ferry		29,420		1,137
Kratos Defense & Security Solutions Inc *		9,800		182
Lawson Products Inc/DE *		1,388		54
LB Foster Co, Cl A *		24,178		524
Lydall Inc *		58,223		1,450
Masonite International Corp *		26,063		1,512
MasTec Inc *		45,822		2,975
Mercury Systems Inc *		10,369		842
Meritor Inc *		19,596		363
Milacron Holdings Corp *		100,707		1,679
MSC Industrial Direct Co Inc, Cl A		32,481		2,356
Nordson Corp		13,736		2,009
NOW Inc *		12,314		141
Powell Industries Inc		3,091		121
Regal Beloit		15,688		1,143
REV Group Inc		175,327		2,004
Rush Enterprises Inc, Cl A		5,893		227
Ryder System Inc		31,957		1,654
Saia Inc *		19,926		1,867
Scorpio Bulkers Inc		15,154		92
SkyWest Inc		7,441		427
Snap-on Inc		11,564		1,810
SPX FLOW Inc *		13,183		520
Standex International Corp		16,365		1,194
Steelcase Inc, Cl A		25,986		478
Team Inc *(A)		87,575		1,581
Tetra Tech Inc		39,283		3,408

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Titan Machinery Inc *		9,735	$	140
Toro Co/The		23,334		1,710
TriMas Corp *		32,763		1,004
TriNet Group Inc *		5,871		365
Watts Water Technologies Inc, Cl A		6,530		612
WESCO International Inc *		12,000		573
WillScot Corp, Cl A *		93,026		1,449
XPO Logistics Inc *		27,871		1,995
				100,766
Information Technology — 16.6%
Acacia Communications Inc *		11,460		749
ACI Worldwide Inc *		26,957		844
Adesto Technologies Corp *		4,855		42
Agilysys Inc *		24,500		627
Alteryx Inc, Cl A *		5,132		551
Ambarella Inc *		12,300		773
Anaplan Inc *		8,632		406
Appian Corp, Cl A *(A)		14,200		675
Avalara Inc *		6,105		411
AVX Corp		30,181		459
Belden Inc		14,002		747
Box Inc, Cl A *		58,861		975
Broadridge Financial Solutions Inc		16,429		2,044
Cabot Microelectronics Corp		20,537		2,900
CACI International Inc, Cl A *		13,638		3,154
CalAmp Corp *		63,830		735
ChannelAdvisor Corp *		12,588		117
Ciena Corp *		19,680		772
Cirrus Logic Inc *		6,137		329
Coda Octopus Group Inc *		4,726		39
Cognex Corp		35,440		1,741
Conduent Inc *		125,167		779
Cornerstone OnDemand Inc *		18,560		1,017
Coupa Software Inc *		3,893		504
CSG Systems International Inc		952		49
Cypress Semiconductor Corp		29,950		699
Diebold Nixdorf Inc *		15,250		171
Digital Turbine Inc *		176,144		1,135
Diodes Inc *		11,369		456
Echo Global Logistics Inc *		15,175		344
eGain Corp *		6,248		50
Enphase Energy Inc *(A)		33,512		745
Entegris Inc		14,221		669
Euronet Worldwide Inc *		12,037		1,761
Everbridge Inc *		10,212		630
EVERTEC Inc		36,743		1,147
ExlService Holdings Inc *		22,780		1,525
Fabrinet *		7,280		381
FireEye Inc *		151,085		2,015
Five9 Inc *		31,770		1,707
ForeScout Technologies Inc *		1,229		47

5 SEI Institutional Managed Trust / Annual Report / September 30, 2019

SCHEDULE OF INVESTMENTS

Small Cap Fund (Continued)

September 30, 2019

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Genpact Ltd		11,269	$	437
Harmonic Inc, Cl A *		95,093		626
II-VI Inc *(A)		28,687		1,010
Impinj Inc *		5,721		176
Inphi Corp *		14,013		856
Itron Inc *		13,400		991
j2 Global Inc *		15,587		1,416
Jabil Inc		18,900		676
Jack Henry & Associates Inc		11,449		1,671
KBR Inc		26,725		656
Knowles Corp *		32,500		661
Lattice Semiconductor Corp *		61,630		1,127
Limelight Networks Inc *		259,505		786
Littelfuse Inc		9,526		1,689
LivePerson Inc *		20,759		741
LogMeIn Inc		26,976		1,914
MACOM Technology Solutions Holdings Inc *		125,764		2,703
Manhattan Associates Inc *		10,543		851
ManTech International Corp/VA, Cl A		24,453		1,746
MAXIMUS Inc		26,283		2,031
MobileIron Inc *		126,092		825
Model N Inc *		26,211		728
Nanometrics Inc *		7,972		260
Napco Security Technologies Inc *		17,838		455
NCR Corp *		86,863		2,741
ON Semiconductor Corp *		101,915		1,958
OSI Systems Inc *		4,084		415
Paylocity Holding Corp *		5,919		578
Perficient Inc *		70,099		2,704
Photronics Inc *		11,846		129
Power Integrations Inc		29,615		2,678
Proofpoint Inc *		13,853		1,788
PROS Holdings Inc *		6,895		411
Q2 Holdings Inc *		7,530		594
Semtech Corp *		43,103		2,095
Silicon Laboratories Inc *		8,832		983
SPS Commerce Inc *		10,898		513
SunPower Corp, Cl A *(A)		63,492		697
Super Micro Computer Inc *		233,203		4,478
Switch Inc, Cl A (A)		138,758		2,167
SYNNEX Corp		25,093		2,833
Tech Data Corp *		7,733		806
Telaria Inc *		53,700		371
Telenav Inc *		13,793		66
Trade Desk Inc/The, Cl A *		7,177		1,346
TTEC Holdings Inc		15,446		740
Unisys Corp *		14,080		105
Verra Mobility Corp, Cl A *		4,446		64
Viavi Solutions Inc *		182,790		2,560
Virtusa Corp *		17,792		641
Vishay Precision Group Inc *		1,039		34

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Wix.com Ltd *		13,376	$	1,562
WNS Holdings Ltd ADR *		16,351		961
Workiva Inc, Cl A *		5,821		255
Zix Corp *		475		3
Zscaler Inc *		6,696		316
				97,545
Materials — 4.1%
Advanced Emissions Solutions Inc		9,003		134
Allegheny Technologies Inc *		49,935		1,011
B2Gold Corp *		217,460		702
Cabot Corp		11,248		510
Century Aluminum Co *		85,261		566
Commercial Metals Co, Cl A		244,407		4,248
Ferroglobe Representation *(D)		56,257		—
FutureFuel Corp		13,620		163
HB Fuller Co		20,541		956
Ingevity Corp *		23,304		1,977
Innospec Inc		500		45
International Flavors & Fragrances Inc (A)		4,685		575
Intrepid Potash Inc *		26,939		88
Koppers Holdings Inc *		2,709		79
Kraton Corp *		12,000		387
Livent Corp *		225,695		1,510
Olin Corp		51,190		958
Owens-Illinois Inc		138,702		1,424
Quaker Chemical Corp		11,164		1,765
Scotts Miracle-Gro Co/The, Cl A		4,567		465
Sensient Technologies Corp		24,494		1,682
Silgan Holdings Inc		29,144		875
United States Steel Corp (A)		53,331		616
Valvoline Inc		78,962		1,740
Warrior Met Coal Inc		15,815		309
WR Grace & Co		19,456		1,299
				24,084
Real Estate — 3.5%
Alexandria Real Estate Equities Inc		13,703		2,111
Americold Realty Trust		103,205		3,826
CIM Commercial Trust Corp		1,152		18
Columbia Property Trust Inc		60,217		1,274
CorEnergy Infrastructure Trust Inc		3,500		165
CoreSite Realty Corp		16,194		1,973
Corporate Office Properties Trust		44,853		1,336
Cushman & Wakefield PLC *		17,058		316
First Industrial Realty Trust Inc		1,096		43
Franklin Street Properties Corp		41,615		352
Gladstone Commercial Corp		12,452		293
Global Medical REIT Inc		11,210		128
Hannon Armstrong Sustainable Infrastructure Capital Inc		14,268		416
Independence Realty Trust Inc		47,000		673

6 SEI Institutional Managed Trust / Annual Report / September 30, 2019

SCHEDULE OF INVESTMENTS

Small Cap Fund (Continued)

September 30, 2019

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Innovative Industrial Properties Inc, Cl A (A)		1,940	$	179
Kennedy-Wilson Holdings Inc		84,584		1,854
Lexington Realty Trust, Cl B		77,590		795
Medical Properties Trust Inc		61,642		1,206
NexPoint Residential Trust Inc		13,545		633
RMR Group Inc/The, Cl A		1,999		91
Ryman Hospitality Properties Inc		22,777		1,863
Safehold Inc		4,286		131
STAG Industrial Inc		6,288		185
Terreno Realty Corp		15,283		781
Whitestone REIT, Cl B		4,462		61
				20,703
Utilities — 2.3%
Algonquin Power & Utilities Corp		166,032		2,275
American States Water Co		20,919		1,880
American Water Works Co Inc		17,657		2,193
AquaVenture Holdings Ltd *		6,167		120
Atlantic Power Corp *		53,495		125
Black Hills Corp, Cl A		13,423		1,030
Hawaiian Electric Industries Inc		23,107		1,054
IDACORP Inc, Cl A		11,074		1,248
Portland General Electric Co		37,328		2,104
Pure Cycle Corp *		10,458		107
UGI Corp		31,073		1,562
				13,698
Total Common Stock (Cost $531,252) ($ Thousands)				573,164
EXCHANGE TRADED FUND — 0.2%
Financials — 0.2%
iShares Russell 2000 Value ETF		9,181		1,096
Total Exchange Traded Fund (Cost $1,116) ($ Thousands)				1,096
AFFILIATED PARTNERSHIP — 2.9%
SEI Liquidity Fund, L.P.
2.010% **†		16,901,212		16,900
Total Affiliated Partnership (Cost $16,901) ($ Thousands)				16,900

Description	Shares		Market Value ($ Thousands)
CASH EQUIVALENT — 2.3%
SEI Daily Income Trust, Government Fund, Cl F
1.800% **†(C)		13,698,028	$	13,698
Total Cash Equivalent (Cost $13,698) ($ Thousands)				13,698
Total Investments — 103.0% (Cost $562,967) ($ Thousands)			$	604,858

7 SEI Institutional Managed Trust / Annual Report / September 30, 2019

SCHEDULE OF INVESTMENTS

Small Cap Fund (Continued)

September 30, 2019

Percentages are based on Net Assets of $587,388 ($ Thousands).

* Non-income producing security.

** Rate shown is the 7-day effective yield as of September 30, 2019.

^‡  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, 2019 (see Note 10). The total market value of securities on loan at September 30, 2019 was $16,240 ($ Thousands).

(B) Security is a Master Limited Partnership. At September 30, 2019, such securities amounted to $3,101 ($ Thousands), or 0.5% 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, 2019 was $16,900 ($ Thousands).

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

ADR — American Depositary Receipt

Cl — Class

ETF — Exchange-Traded Fund

LLC — Limited Liability Company

L.P. — Limited Partnership

Ltd. — Limited

PLC — Public Limited Company

The following is a list of the level of inputs used as of September 30, 2019, 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		573,164		—		—		573,164
Exchange Traded Fund		1,096		—		—		1,096
Affiliated Partnership		—		16,900		—		16,900
Cash Equivalent		13,698		—		—		13,698
Total Investments in Securities		587,958		16,900		—		604,858

(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, 2019, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the year ended September 30, 2019, there were no transfers between Level 2 and Level 3 assets and liabilities.

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

8 SEI Institutional Managed Trust / Annual Report / September 30, 2019

SCHEDULE OF INVESTMENTS

Small Cap Fund (Concluded)

September 30, 2019

The following is a summary of the Fund’s transactions with affiliates for the year ended September 30, 2019 ($ Thousands):

Security Description	Value 9/30/2018			Purchases at Cost			Proceeds from Sales				Realized Gain			Change in Unrealized Appreciation			Value 9/30/2019			Shares		Income			Capital Gains
SEI Liquidity Fund, L.P.		$	50,875		$	143,161		$	(177,152	)		$	12		$	4		$	16,900		16,901,212		$	268		$	—
SEI Daily Income Trust, Government Fund, Cl F			16,607			141,789			(144,698	)			—			—		$	13,698		13,698,028			260			—
Totals		$	67,482		$	284,950		$	(321,850	)		$	12		$	4		$	30,598		30,599,240		$	528		$	—

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

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

9 SEI Institutional Managed Trust / Annual Report / September 30, 2019

SCHEDULE OF INVESTMENTS

Small Cap Value Fund

September 30, 2019

Description	Shares		Market Value ($ Thousands)
COMMON STOCK — 94.9%
Communication Services — 2.7%
AMC Networks Inc, Cl A *		16,756	$	824
Entercom Communications Corp		77,830		260
Gannett Co Inc		16,843		181
IAC/InterActiveCorp *		18,567		4,047
Liberty TripAdvisor Holdings Inc, Cl A *		19,142		180
Nexstar Media Group Inc, Cl A		16,815		1,720
Sinclair Broadcast Group Inc, Cl A		22,728		971
Travelzoo *		2,040		22
Tribune Publishing Co		5,805		50
Yelp Inc, Cl A *		7,754		270
				8,525
Consumer Discretionary — 11.5%
Aaron’s Inc		11,181		718
Abercrombie & Fitch Co, Cl A		6,613		103
American Axle & Manufacturing Holdings Inc *		67,843		558
American Eagle Outfitters Inc		34,294		556
American Public Education Inc *		4,294		96
Bassett Furniture Industries Inc		3,552		54
Bed Bath & Beyond Inc (A)		32,436		345
Big Lots Inc		29,770		729
Bloomin’ Brands Inc		32,422		614
Brinker International Inc		6,058		258
Buckle Inc/The		3,069		63
Cheesecake Factory Inc/The		34,481		1,437
Cooper Tire & Rubber Co		22,744		594
Cooper-Standard Holdings Inc *		18,961		775
Dana Inc		78,166		1,129
Dave & Buster’s Entertainment Inc		20,079		782
Deckers Outdoor Corp *		2,522		372
Dick’s Sporting Goods Inc		31,181		1,273
Dillard’s Inc, Cl A (A)		1,622		107
Ethan Allen Interiors Inc		2,958		57
Extended Stay America Inc		95,639		1,400
Fossil Group Inc *		16,042		201
GameStop Corp, Cl A (A)		35,965		199
Genesco Inc *		14,446		578
Group 1 Automotive Inc		10,744		992
Haverty Furniture Cos Inc		29,403		596
Hibbett Sports Inc *		7,811		179
K12 Inc *		5,110		135
KB Home		11,290		384
La-Z-Boy Inc, Cl Z		26,055		875
Lithia Motors Inc, Cl A		20,754		2,747
MDC Holdings Inc		18,851		812
Meritage Homes Corp *		16,604		1,168
Modine Manufacturing Co *		289,091		3,287
Nordstrom Inc		1,843		62
Office Depot Inc		388,827		682
Sally Beauty Holdings Inc *		50,635		754

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Six Flags Entertainment Corp		53,194	$	2,702
Skechers U.S.A. Inc, Cl A *		37,828		1,413
Sonic Automotive Inc, Cl A		30,337		953
Taylor Morrison Home Corp, Cl A *		2,568		67
Tenneco Inc, Cl A		37,284		467
Urban Outfitters Inc *		67,239		1,889
Wendy’s Co/The		103,040		2,059
Williams-Sonoma Inc		16,531		1,124
Wyndham Destinations Inc		7,810		359
				36,704
Consumer Staples — 2.6%
Andersons Inc/The		21,065		472
B&G Foods Inc, Cl A (A)		59,859		1,132
Edgewell Personal Care Co *		6,440		209
Hain Celestial Group Inc/The *		19,544		420
Hostess Brands Inc, Cl A *		140,296		1,962
Ingles Markets Inc, Cl A		7,205		280
Medifast Inc		578		60
Nature’s Sunshine Products Inc *		3,640		30
Pilgrim’s Pride Corp *		17,382		557
SpartanNash Co		36,283		429
Spectrum Brands Holdings Inc		32,616		1,720
Universal Corp/VA		15,503		850
Village Super Market Inc, Cl A		7,864		208
				8,329
Energy — 2.9%
Arch Coal Inc		10,317		766
Carrizo Oil & Gas Inc *		38,035		327
CNX Resources Corp *		40,078		291
CONSOL Energy Inc *		1,755		27
Delek US Holdings Inc		24,911		904
Denbury Resources Inc *(A)		235,714		280
Gulfport Energy Corp *		252,264		684
Laredo Petroleum Inc *		86,517		209
Parsley Energy Inc, Cl A		79,819		1,341
PBF Energy Inc, Cl A		30,843		839
Peabody Energy Corp		13,481		198
ProPetro Holding Corp *		5,057		46
Rattler Midstream LP *(B)		54,945		979
SEACOR Holdings Inc, Cl A *		2,380		112
Southwestern Energy Co *		237,429		458
SRC Energy Inc *		73,924		344
Viper Energy Partners LP (B)		37,225		1,030
World Fuel Services Corp		12,970		518
				9,353
Financials — 24.7%
Affiliated Managers Group Inc		18,196		1,517
AG Mortgage Investment Trust Inc ‡		10,695		162
Amalgamated Bank, Cl A		3,592		58

1 SEI Institutional Managed Trust / Annual Report / September 30, 2019

SCHEDULE OF INVESTMENTS

Small Cap Value Fund (Continued)

September 30, 2019

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
American Equity Investment Life Holding Co		103,917	$	2,515
Apollo Commercial Real Estate Finance Inc ‡		17,059		327
Arbor Realty Trust Inc ‡(A)		62,287		817
Artisan Partners Asset Management Inc, Cl A		10,781		304
Associated Banc-Corp		57,787		1,170
Banco Latinoamericano de Comercio Exterior SA, Cl E		41,863		835
Bancorp Inc/The *		86,038		852
BankUnited Inc		115,472		3,882
BCB Bancorp Inc		4,328		56
Berkshire Hills Bancorp Inc		29,144		854
BGC Partners Inc, Cl A		404,140		2,223
BlackRock Capital Investment Corp		39,683		199
Bridge Bancorp Inc		4,384		130
Bridgewater Bancshares Inc *		5,399		64
C&F Financial Corp		1,654		87
Camden National Corp		22,334		967
Capstar Financial Holdings Inc		3,782		63
Cathay General Bancorp		28,520		991
Central Pacific Financial Corp		18,443		524
Century Bancorp Inc/MA, Cl A		689		60
CIT Group Inc		29,607		1,341
CNO Financial Group Inc		224,915		3,560
Codorus Valley Bancorp Inc		2,834		66
Columbia Banking System Inc		78,655		2,902
Community Trust Bancorp Inc		15,675		667
Cowen Inc, Cl A *		62,578		963
Customers Bancorp Inc *		16,223		336
Enova International Inc *		12,313		255
Esquire Financial Holdings Inc *		2,441		61
EZCORP Inc, Cl A *		13,275		86
Federal Agricultural Mortgage Corp, Cl C		19,969		1,631
FGL Holdings		28,009		223
Financial Institutions Inc		4,170		126
First Busey Corp		13,020		329
First Business Financial Services Inc		2,620		63
First Commonwealth Financial Corp		210,086		2,790
First Community Bankshares Inc		24,274		786
First Foundation Inc		9,236		141
First Guaranty Bancshares Inc		1,839		41
First Internet Bancorp		3,784		81
First Merchants Corp		22,724		855
First Northwest Bancorp		3,125		54
Flagstar Bancorp Inc		29,785		1,112
Flushing Financial Corp		42,817		865
FNB Corp/PA		279,228		3,219
Fulton Financial Corp		67,239		1,088
GAMCO Investors Inc, Cl A		6,438		126
Genworth Financial Inc, Cl A *		83,169		366
Great Southern Bancorp Inc		7,596		433
Great Western Bancorp Inc		52,279		1,725
Green Dot Corp, Cl A *		31,903		806

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Hancock Whitney Corp, Cl A		33,956	$	1,300
Hanmi Financial Corp		23,531		442
Hercules Capital Inc, Cl A		23,378		313
Hilltop Holdings Inc		18,024		431
HomeStreet Inc *		10,387		284
Hope Bancorp Inc		75,051		1,076
IBERIABANK Corp		9,791		740
Invesco Mortgage Capital Inc ‡		21,464		329
Ladder Capital Corp, Cl A ‡		35,219		608
Legg Mason Inc		29,191		1,115
Luther Burbank Corp		6,201		70
Marlin Business Services Corp		2,782		70
Merchants Bancorp/IN		4,006		66
Meta Financial Group Inc		7,090		231
Metropolitan Bank Holding Corp *		2,022		79
MFA Financial Inc ‡		77,184		568
MGIC Investment Corp		80,616		1,014
National General Holdings Corp		95,301		2,194
Navient Corp		43,073		551
Nelnet Inc, Cl A		15,510		986
New Mountain Finance Corp		24,562		335
OFG Bancorp		78,805		1,726
Old National Bancorp/IN, Cl A		42,411		730
OP Bancorp		6,884		67
Oppenheimer Holdings Inc, Cl A		5,242		158
Orrstown Financial Services Inc		2,452		54
PacWest Bancorp		88,073		3,201
PCB Bancorp		4,055		67
PennantPark Investment Corp		67,201		421
PennyMac Mortgage Investment Trust ‡		30,388		675
Peoples Bancorp Inc/OH		17,062		543
Popular Inc		19,991		1,081
Radian Group Inc		56,151		1,282
Republic Bancorp Inc/KY, Cl A		28,345		1,232
Southern National Bancorp of Virginia Inc		4,737		73
Starwood Property Trust Inc ‡		110,832		2,684
TCF Financial Corp		33,901		1,291
Third Point Reinsurance Ltd *		5,822		58
TriState Capital Holdings Inc *		6,717		141
Two Harbors Investment Corp ‡		28,799		378
Umpqua Holdings Corp		141,724		2,333
United Bankshares Inc/WV		16,090		609
Universal Insurance Holdings Inc		10,297		309
Waddell & Reed Financial Inc, Cl A (A)		20,201		347
Walker & Dunlop Inc		15,816		885
Western Asset Mortgage Capital Corp ‡		6,123		59
World Acceptance Corp *		2,183		278
				79,238
Health Care — 4.7%
Allscripts Healthcare Solutions Inc *		7,867		86
Anika Therapeutics Inc *		3,286		180

2 SEI Institutional Managed Trust / Annual Report / September 30, 2019

SCHEDULE OF INVESTMENTS

Small Cap Value Fund (Continued)

September 30, 2019

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Arena Pharmaceuticals Inc *		10,830	$	496
Collegium Pharmaceutical Inc *		8,093		93
Eagle Pharmaceuticals Inc/DE *		13,253		750
Genomic Health Inc *		5,156		350
Haemonetics Corp *		1,757		222
Innoviva Inc *		81,838		863
Integer Holdings Corp *		693		52
Lannett Co Inc *(A)		29,770		333
Ligand Pharmaceuticals Inc *(A)		25,974		2,585
Luminex Corp		2,886		60
Magellan Health Inc		34,660		2,152
Mallinckrodt PLC *(A)		32,235		78
MEDNAX Inc *		11,857		268
Medpace Holdings Inc *		1,996		168
NextGen Healthcare Inc *		3,229		51
Orthofix Medical Inc *		1,163		62
Owens & Minor Inc		26,801		156
Patterson Cos Inc		24,819		442
PDL BioPharma Inc *		73,978		160
Quidel Corp *		3,251		199
Select Medical Holdings Corp *		27,524		456
SIGA Technologies Inc *		14,818		76
Syneos Health Inc, Cl A *		55,929		2,976
Tivity Health Inc *		101,682		1,691
Vanda Pharmaceuticals Inc *		4,925		65
				15,070
Industrials — 15.3%
ACCO Brands Corp		172,029		1,698
AECOM *		46,612		1,751
Aircastle Ltd		29,554		663
Apogee Enterprises Inc		51,013		1,989
ArcBest Corp		19,084		581
ASGN Inc *		4,563		287
Astec Industries Inc		18,039		561
Atkore International Group Inc *		30,998		941
Atlas Air Worldwide Holdings Inc *		74,188		1,872
Barrett Business Services Inc		1,599		142
BMC Stock Holdings Inc *		16,453		431
Briggs & Stratton Corp		27,732		168
Builders FirstSource Inc *		34,244		705
Colfax Corp *		93,183		2,708
Columbus McKinnon Corp/NY		2,104		77
Commercial Vehicle Group Inc *		8,890		64
Costamare Inc		14,218		86
Deluxe Corp		16,284		801
EMCOR Group Inc		2,175		187
EnPro Industries Inc		5,014		344
Genesee & Wyoming Inc, Cl A *		17,655		1,951
Great Lakes Dredge & Dock Corp *		5,340		56
Greenbrier Cos Inc/The		20,871		629
Hawaiian Holdings Inc		28,745		755

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Heidrick & Struggles International Inc		2,286	$	62
Herman Miller Inc		22,142		1,021
Hurco Cos Inc		1,815		58
IAA Inc *		72,474		3,024
JetBlue Airways Corp *		114,645		1,920
Kaman Corp, Cl A		19,799		1,177
KAR Auction Services Inc		104,542		2,566
Kelly Services Inc, Cl A		17,043		413
Knoll Inc, Cl B		33,450		848
LB Foster Co, Cl A *		13,281		288
LSC Communications Inc		4,744		7
Lydall Inc *		29,057		724
Matson Inc		15,750		591
Meritor Inc *		58,363		1,080
Miller Industries Inc/TN		2,407		80
Moog Inc, Cl A		5,121		415
Navigant Consulting Inc		6,106		171
Park-Ohio Holdings Corp		11,377		340
Preformed Line Products Co		701		38
Regal Beloit Corp		13,359		973
Resideo Technologies Inc *		46,744		671
REV Group Inc		96,865		1,107
RR Donnelley & Sons Co		28,142		106
Ryder System Inc		7,677		397
SkyWest Inc		26,707		1,533
Steelcase Inc, Cl A		51,819		953
Sterling Construction Co Inc *		9,282		122
Teledyne Technologies Inc *		10,498		3,380
Terex Corp		35,532		923
Timken Co/The		16,028		697
Trinity Industries Inc		70,757		1,392
Triton International Ltd/Bermuda		26,413		894
TrueBlue Inc *		12,803		270
Universal Forest Products Inc		3,633		145
Vectrus Inc *		4,776		194
Wabash National Corp		71,198		1,033
WESCO International Inc *		1,282		61
				49,121
Information Technology — 10.6%
ACI Worldwide Inc *		146,259		4,582
Amkor Technology Inc *		113,428		1,032
Avaya Holdings Corp *		20,131		206
AVX Corp		14,795		225
Belden Inc		14,637		781
Benchmark Electronics Inc		38,201		1,110
Ciena Corp *		1,272		50
Cirrus Logic Inc *		14,308		767
CommVault Systems Inc *		8,430		377
Comtech Telecommunications Corp		7,500		244
CSG Systems International Inc		21,464		1,109
Diodes Inc *		20,420		820

3 SEI Institutional Managed Trust / Annual Report / September 30, 2019

SCHEDULE OF INVESTMENTS

Small Cap Value Fund (Continued)

September 30, 2019

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Extreme Networks Inc *		21,380	$	155
Ichor Holdings Ltd *		17,344		419
Insight Enterprises Inc *		35,214		1,961
InterDigital Inc		4,075		214
Itron Inc *		14,865		1,099
j2 Global Inc		22,880		2,078
Jabil Inc		34,209		1,224
Kulicke & Soffa Industries Inc		42,870		1,007
Methode Electronics Inc		24,957		839
Nanometrics Inc *		5,310		173
NCR Corp *		43,754		1,381
NetScout Systems Inc *		2,325		54
NIC Inc		2,798		58
PC Connection Inc		2,546		99
Photronics Inc *		17,717		193
Progress Software Corp		10,601		403
Sanmina Corp *		46,952		1,508
ScanSource Inc *		16,761		512
Silicon Motion Technology Corp ADR		45,454		1,607
SMART Global Holdings Inc *		4,868		124
Super Micro Computer Inc *		118,869		2,282
Sykes Enterprises Inc *		35,325		1,082
SYNNEX Corp		9,825		1,109
Tech Data Corp *		22,482		2,343
TTM Technologies Inc *		40,206		490
Unisys Corp *		13,423		100
Verint Systems Inc *		1,090		47
Vishay Intertechnology Inc		5,090		86
Xperi Corp		2,908		60
				34,010
Materials — 7.8%
Ashland Global Holdings Inc		21,098		1,626
Axalta Coating Systems Ltd *		38,227		1,153
B2Gold Corp *		36,260		117
Boise Cascade Co		9,021		294
Cabot Corp		21,161		959
Century Aluminum Co *		48,411		321
Chemours Co/The		23,083		345
Cleveland-Cliffs Inc (A)		75,412		544
Commercial Metals Co, Cl A		117,032		2,034
Domtar Corp		11,722		420
Ferroglobe Representation *		53,302		—
FMC Corp		59,552		5,221
FutureFuel Corp		7,434		89
Greif Inc, Cl A		13,671		518
Huntsman Corp		30,861		718
Kraton Corp *		23,388		755
Kronos Worldwide Inc		33,380		413
Livent Corp *		164,336		1,099
Louisiana-Pacific Corp		10,647		262
Mercer International Inc		38,892		488

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Owens-Illinois Inc		151,161	$	1,552
Rayonier Advanced Materials Inc		65,114		282
Schnitzer Steel Industries Inc, Cl A		20,055		414
Schweitzer-Mauduit International Inc		7,023		263
Silgan Holdings Inc		95,523		2,869
Stepan Co		666		65
Trinseo SA		22,938		985
United States Steel Corp (A)		82,398		952
Warrior Met Coal Inc		11,604		226
				24,984
Real Estate — 9.4%
Altisource Portfolio Solutions SA *‡		7,789		157
Ashford Hospitality Trust Inc ‡		92,871		307
Braemar Hotels & Resorts Inc ‡		36,770		345
CBL & Associates Properties Inc ‡(A)		71,923		93
Chatham Lodging Trust ‡		34,806		632
CoreCivic Inc ‡		19,879		344
CorEnergy Infrastructure Trust Inc ‡		5,339		252
DiamondRock Hospitality Co ‡		94,934		973
Franklin Street Properties Corp ‡		79,002		668
Gaming and Leisure Properties Inc ‡		95,071		3,636
Hersha Hospitality Trust, Cl A ‡		51,627		768
Howard Hughes Corp/The *‡		15,710		2,036
Industrial Logistics Properties Trust ‡		29,709		631
Invitation Homes Inc ‡		56,020		1,659
Kite Realty Group Trust		55,735		900
Lexington Realty Trust, Cl B ‡		90,238		925
Medical Properties Trust Inc ‡		238,795		4,671
Newmark Group Inc, Cl A ‡		84,098		762
Office Properties Income Trust ‡		23,849		731
Outfront Media Inc ‡		29,001		806
Park Hotels & Resorts Inc ‡		8,692		217
Pebblebrook Hotel Trust ‡		20,427		568
Piedmont Office Realty Trust Inc, Cl A ‡		35,069		732
PotlatchDeltic Corp ‡		16,989		698
Retail Value Inc ‡		3,479		129
RLJ Lodging Trust ‡		40,633		690
RMR Group Inc/The, Cl A ‡		10,095		459
Sabra Health Care Inc ‡		38,467		883
Senior Housing Properties Trust ‡		54,548		505
Service Properties Trust		28,216		728
SITE Centers Corp ‡		44,910		679
Summit Hotel Properties Inc ‡		48,667		565
Washington Prime Group Inc ‡(A)		161,678		669
Xenia Hotels & Resorts Inc ‡		55,117		1,164
				29,982
Utilities — 2.7%
National Fuel Gas Co		63,969		3,002
NorthWestern Corp		37,046		2,780

4 SEI Institutional Managed Trust / Annual Report / September 30, 2019

SCHEDULE OF INVESTMENTS

Small Cap Value Fund (Continued)

September 30, 2019

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Portland General Electric Co		53,589	$	3,021
				8,803
Total Common Stock (Cost $281,933) ($ Thousands)				304,119
AFFILIATED PARTNERSHIP — 2.6%
SEI Liquidity Fund, L.P.
2.010% **†(C)		8,494,423		8,496
Total Affiliated Partnership (Cost $8,494) ($ Thousands)				8,496

Description	Shares		Market Value ($ Thousands)
CASH EQUIVALENT — 5.0%
SEI Daily Income Trust, Government Fund, Cl F
1.800% **†		16,059,356	$	16,059
Total Cash Equivalent (Cost $16,059) ($ Thousands)				16,059
Total Investments in Securities — 102.5% (Cost $306,486) ($ Thousands)			$	328,674

A list of the open futures contracts held at September 30, 2019 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		62		Dec-2019	$	4,840	$	4,728	$	(112	)

Percentages are based on Net Assets of $320,618 ($ Thousands).

* Non-income producing security.

** Rate shown is the 7-day effective yield as of September 30, 2019.

^‡  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, 2019 (See Note 10). The total market value of securities on loan at September 30, 2019 was $8,319 ($ Thousands).

(B) Security is a Master Limited Partnership. At September 30, 2019, such securities amounted to $2,009 ($ Thousands), or 0.6% of the net assets (See Note 2).

(C) This security was purchased with cash collateral held from securities on loan (See Note 10). The total market value of such securities as of September 30, 2019 was $8,496 ($ 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, 2019, 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		304,119			—		—		304,119
Affiliated Partnership		—			8,496		—		8,496
Cash Equivalent		16,059			—		—		16,059
Total Investments in Securities		320,178			8,496		—		328,674
Other Financial Instruments	Level 1 ($)			Level 2 ($)		Level 3 ($)		Total ($)
Futures Contracts *
Unrealized Depreciation		(112	)		—		—		(112	)
Total Other Financial Instruments		(112	)		—		—		(112	)

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

(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, 2019, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the year ended September 30, 2019, there were no transfers between Level 2 and Level 3 assets and liabilities.

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

5 SEI Institutional Managed Trust / Annual Report / September 30, 2019

SCHEDULE OF INVESTMENTS

Small Cap Value Fund (Concluded)

September 30, 2019

The following is a summary of the Fund’s transactions with affiliates for the year ended September 30, 2019 ($ Thousands):

Security Description	Value 9/30/2018			Purchases at Cost			Proceeds from Sales				Realized Gain			Change in Unrealized Appreciation			Value 9/30/2019			Shares		Income			Capital Gains
SEI Liquidity Fund, L.P.		$	57,595		$	56,274		$	(105,402	)		$	23		$	6		$	8,496		8,494,423		$	152		$	—
SEI Daily Income Trust, Government Fund, Cl F			10,473			76,236			(70,650	)			—			—			16,059		16,059,356			229			—
Totals		$	68,068		$	132,510		$	(176,052	)		$	23		$	6		$	24,555		24,553,779		$	381		$	—

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

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

6 SEI Institutional Managed Trust / Annual Report / September 30, 2019

SCHEDULE OF INVESTMENTS

Small Cap Growth Fund

September 30, 2019

Description	Shares		Market Value ($ Thousands)
COMMON STOCK — 96.5%
Communication Services — 3.0%
Bandwidth Inc, Cl A *		3,505	$	228
Boingo Wireless Inc *		88,270		980
Cardlytics Inc *(A)		12,502		419
Cargurus Inc, Cl A *		20,492		634
Cinemark Holdings Inc		38,183		1,475
Eventbrite Inc, Cl A *		26,575		471
EverQuote Inc, Cl A *		20,289		433
Glu Mobile Inc *		17,128		86
Marcus Corp/The		15,084		558
National CineMedia Inc		105,263		863
Rosetta Stone Inc *		32,265		562
Sinclair Broadcast Group Inc, Cl A		6,158		263
TechTarget Inc *		27,362		616
Vonage Holdings Corp *		186,606		2,109
				9,697
Consumer Discretionary — 13.3%
Aaron’s Inc		7,220		464
Asbury Automotive Group Inc *		7,032		720
Bloomin’ Brands Inc		29,390		556
Bright Horizons Family Solutions Inc *		1,843		281
Brinker International Inc (A)		16,511		704
Career Education Corp *		9,993		159
Carter’s Inc		14,743		1,345
Chegg Inc *		13,877		416
Churchill Downs Inc		4,569		564
Chuy’s Holdings Inc *		29,557		732
Clarus Corp		50,969		598
Conn’s Inc *(A)		65,198		1,621
Cooper-Standard Holdings Inc *		13,396		548
Core-Mark Holding Co Inc, Cl A		1,015		33
Crocs Inc *		12,862		357
Deckers Outdoor Corp *		2,807		414
Denny’s Corp, Cl A *		18,989		432
Eldorado Resorts Inc *(A)		49,231		1,963
Etsy Inc *		3,782		214
Everi Holdings Inc *		14,441		122
Fox Factory Holding Corp *		10,927		680
frontdoor Inc *		9,505		462
Funko Inc, Cl A *(A)		40,457		832
Genesco Inc *		12,986		520
Grand Canyon Education Inc *		12,318		1,210
Group 1 Automotive Inc		7,456		688
Haverty Furniture Cos Inc		4,136		84
Helen of Troy Ltd *		5,292		834
Hibbett Sports Inc *		24,868		569
Installed Building Products Inc *		10,305		591
Jack in the Box Inc		27,492		2,505
K12 Inc *		8,069		213
KB Home		8,953		304
Laureate Education Inc, Cl A *		18,515		307

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
LGI Homes Inc *(A)		4,300	$	358
Lithia Motors Inc, Cl A		2,720		360
Malibu Boats Inc, Cl A *		13,277		407
Marine Products Corp		1,832		26
MDC Holdings Inc		10,536		454
Meritage Homes Corp *		12,942		910
Planet Fitness Inc, Cl A *		7,046		408
Playa Hotels & Resorts NV *		109,186		855
PlayAGS Inc *		235,181		2,418
Rent-A-Center Inc/TX		43,814		1,130
RH *		6,770		1,156
Rocky Brands Inc		1,588		53
Rubicon Project Inc/The *		38,979		339
Sally Beauty Holdings Inc *(A)		163,372		2,433
SeaWorld Entertainment Inc *		20,363		536
ServiceMaster Global Holdings Inc *		4,680		262
Shake Shack Inc, Cl A *		4,728		464
Shutterstock Inc *		33,004		1,192
Skechers U.S.A. Inc, Cl A *		69,140		2,582
Skyline Champion Corp *		2,132		64
Sleep Number Corp *		2,141		88
Sonic Automotive Inc, Cl A		10,922		343
Sonos Inc *(A)		25,940		348
Strategic Education Inc		3,099		421
Taylor Morrison Home Corp, Cl A *		34,080		884
Vera Bradley Inc *		6,192		63
Wendy’s Co/The		20,023		400
Wingstop Inc, Cl A		6,291		549
Wolverine World Wide Inc		29,698		839
WW International Inc *		9,307		352
YETI Holdings Inc *(A)		13,498		378
Zumiez Inc *		22,615		716
				43,830
Consumer Staples — 1.4%
BJ’s Wholesale Club Holdings Inc *		22,359		578
Boston Beer Co Inc/The, Cl A *		2,612		951
Casey’s General Stores Inc		2,997		483
Grocery Outlet Holding Corp *		7,215		250
J&J Snack Foods Corp		2,395		460
Medifast Inc		4,577		474
Simply Good Foods Co/The *		42,829		1,242
Village Super Market Inc, Cl A		3,025		80
				4,518
Energy — 1.1%
Archrock Inc		66,110		659
DHT Holdings Inc		87,153		536
Dril-Quip Inc *		9,444		474
Evolution Petroleum Corp		64,838		379
Frontline Ltd/Bermuda *		58,853		535
Helix Energy Solutions Group Inc *		27,038		218

1 SEI Institutional Managed Trust / Annual Report / September 30, 2019

SCHEDULE OF INVESTMENTS

Small Cap Growth Fund (Continued)

September 30, 2019

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Liberty Oilfield Services Inc, Cl A (A)		38,127	$	413
NCS Multistage Holdings Inc *		100,584		201
RigNet Inc, Cl A *		32,892		255
W&T Offshore Inc *		19,863		87
				3,757
Financials — 8.5%
Apollo Global Management Inc, Cl A		8,174		309
Artisan Partners Asset Management Inc, Cl A		31,500		890
Bank of Marin Bancorp		1,462		61
Banner Corp		7,467		419
Bridge Bancorp Inc		5,980		177
Bridgewater Bancshares Inc *		1,926		23
Brightsphere Investment Group Inc		14,093		140
Cambridge Bancorp		46		3
Capstar Financial Holdings Inc		4,146		69
Capstead Mortgage Corp ‡		69,285		509
CBTX Inc		4,016		112
Central Pacific Financial Corp		5,023		143
Century Bancorp Inc/MA, Cl A		750		66
Coastal Financial Corp/WA *		4,281		65
eHealth Inc *		9,118		609
Encore Capital Group Inc *(A)		1,934		64
Enova International Inc *		29,786		618
Essent Group Ltd		16,618		792
Federated Investors Inc, Cl B		19,963		647
FGL Holdings		11,085		88
First BanCorp/Puerto Rico		96,767		966
First Commonwealth Financial Corp		43,071		572
First Financial Bankshares Inc, Cl A		17,600		587
First Northwest Bancorp		3,953		68
Fulton Financial Corp		25,237		408
Goosehead Insurance Inc, Cl A *(A)		11,493		567
Great Southern Bancorp Inc		1,470		84
GS Acquisition Holdings Corp *(B)		115,986		1,235
Hallmark Financial Services Inc *		2,782		53
Hamilton Lane Inc, Cl A		6,353		362
Hancock Whitney Corp, Cl A		10,832		415
Health Insurance Innovations Inc, Cl A *(A)		18,639		465
Hilltop Holdings Inc		27,884		666
Home BancShares Inc/AR		48,363		909
Independent Bank Corp		5,706		426
Independent Bank Corp/MI		3,787		81
Invesco Mortgage Capital Inc ‡		36,199		554
James River Group Holdings Ltd		18,773		962
Kinsale Capital Group Inc		3,842		397
LegacyTexas Financial Group Inc		5,532		241
Luther Burbank Corp		13,777		156
Mercantile Bank Corp		2,697		88
Metropolitan Bank Holding Corp *		1,564		61
MGIC Investment Corp		57,167		719
Mr Cooper Group Inc *		62,158		660

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
MVB Financial Corp		3,755	$	74
National General Holdings Corp		5,475		126
NMI Holdings Inc, Cl A *		23,791		625
OFG Bancorp		37,087		812
One Madison Corp *		—		—
OneMain Holdings Inc, Cl A		10,200		374
Parke Bancorp Inc		2,638		59
PennantPark Investment Corp		102,844		645
PennyMac Financial Services Inc *		36,790		1,118
PennyMac Mortgage Investment Trust ‡		6,777		151
Primerica Inc		584		74
Radian Group Inc		34,245		782
Simmons First National Corp, Cl A		22,400		558
Southern National Bancorp of Virginia Inc		6,043		93
Stock Yards Bancorp Inc		2,203		81
TPG Pace Holdings Corp *		—		—
TPG Pace Holdings Corp, Cl A *		96,500		992
TriState Capital Holdings Inc *		5,946		125
Value Creation *(B)(C)(D)(G)		145,600		58
Virtus Investment Partners Inc		4,319		478
Waddell & Reed Financial Inc, Cl A (A)		12,020		206
Walker & Dunlop Inc		8,048		450
Washington Federal Inc		17,200		636
Wintrust Financial Corp		16,801		1,086
WisdomTree Investments Inc		131,336		686
World Acceptance Corp *		413		53
				27,848
Health Care — 22.6%
10X Genomics Inc, Cl A *		16,046		809
ACADIA Pharmaceuticals Inc *(A)		30,907		1,112
Accelerate Diagnostics Inc *(A)		33,487		622
Adaptive Biotechnologies Corp *(A)		12,903		399
Addus HomeCare Corp *		11,873		941
Albireo Pharma Inc *		18,317		366
Allakos Inc *		6,739		530
Amedisys Inc *		6,993		916
AMN Healthcare Services Inc *		12,590		725
Anika Therapeutics Inc *		16,678		915
Argenx SE ADR *		4,837		551
ArQule Inc *		40,988		294
Arrowhead Pharmaceuticals Inc *(A)		19,097		538
Atreca Inc, Cl A *		9,612		118
Axogen Inc *		45,538		568
Axonics Modulation Technologies Inc *(A)		8,485		228
Axsome Therapeutics Inc *(A)		19,111		387
BioDelivery Sciences International Inc *		14,913		63
BioSpecifics Technologies Corp *		8,228		440
BioTelemetry Inc *		30,973		1,262
Cara Therapeutics Inc *(A)		17,202		314
Cardiovascular Systems Inc *		73,568		3,496
CareDx Inc *		21,402		484

2 SEI Institutional Managed Trust / Annual Report / September 30, 2019

SCHEDULE OF INVESTMENTS

Small Cap Growth Fund (Continued)

September 30, 2019

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Castle Biosciences Inc *		10,715	$	194
Chemed Corp		2,381		994
Coherus Biosciences Inc *		34,479		699
CONMED Corp		14,068		1,353
CorVel Corp *		3,896		295
CryoLife Inc *		25,308		687
CryoPort Inc *		16,970		278
Cutera Inc *		13,599		397
DBV Technologies SA ADR *		67,520		581
Deciphera Pharmaceuticals Inc *		21,930		744
Dova Pharmaceuticals Inc *		14,686		410
Eagle Pharmaceuticals Inc/DE *		4,517		255
Endologix Inc *		65,347		259
Enzo Biochem Inc *		28,853		104
FibroGen Inc *		14,715		544
G1 Therapeutics Inc *		11,572		264
Genomic Health Inc *		7,883		535
Glaukos Corp *		11,880		743
Haemonetics Corp *		5,600		706
Halozyme Therapeutics Inc *		57,691		895
HealthEquity Inc *		15,675		896
Heron Therapeutics Inc *(A)		39,963		739
HMS Holdings Corp *		32,136		1,108
Immunomedics Inc *(A)		49,979		663
Inovalon Holdings Inc, Cl A *(A)		29,710		487
Insmed Inc *		36,726		648
Inspire Medical Systems Inc *		5,830		356
Insulet Corp *		4,888		806
Integer Holdings Corp *		10,878		822
Iovance Biotherapeutics Inc *		23,192		422
iRadimed Corp *		3,267		69
Ironwood Pharmaceuticals Inc, Cl A *		14,497		124
Joint Corp/The *(A)		3,820		71
Kiniksa Pharmaceuticals Ltd, Cl A *		50,149		427
Kodiak Sciences Inc *		49,346		710
Krystal Biotech Inc *		10,564		367
Lannett Co Inc *		5,603		63
Lantheus Holdings Inc *		2,411		60
LHC Group Inc *		4,392		499
Ligand Pharmaceuticals Inc *(A)		20,295		2,020
Liquidia Technologies Inc *		59,438		212
MacroGenics Inc *		39,975		510
MannKind Corp *(A)		59,977		75
Masimo Corp *		5,706		849
Medicines Co/The *(A)		9,260		463
Medidata Solutions Inc *		13,249		1,212
Medpace Holdings Inc *		19,520		1,640
MeiraGTx Holdings plc *		2,790		44
Meridian Bioscience Inc *		26,918		255
Merit Medical Systems Inc *		63,431		1,932
Mersana Therapeutics Inc *		50,440		80
Mirati Therapeutics Inc *		3,749		292

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
NanoString Technologies Inc *		4,809	$	104
Natera Inc *		18,062		592
NeoGenomics Inc *		112,182		2,145
Nevro Corp *		6,198		533
NextGen Healthcare Inc *		14,427		226
Novocure Ltd *		7,932		593
Omnicell Inc *		28,942		2,092
Orchard Therapeutics plc ADR *(A)		35,537		422
Pacific Biosciences of California Inc *		144,243		744
Pacira BioSciences Inc *		4,200		160
PDL BioPharma Inc *		65,540		142
Precision BioSciences Inc *(A)		29,329		246
Prestige Consumer Healthcare Inc, Cl A *		40,795		1,415
Puma Biotechnology Inc *		8,537		92
Quidel Corp *		13,525		830
R1 RCM Inc *		215,633		1,926
Ra Pharmaceuticals Inc *		15,036		356
Recro Pharma Inc *		9,680		107
Repligen Corp *		18,375		1,409
Revance Therapeutics Inc *(A)		42,678		555
Rhythm Pharmaceuticals Inc *(A)		25,244		545
Rigel Pharmaceuticals Inc *		67,920		127
SeaSpine Holdings Corp *		80,729		986
Silk Road Medical Inc *(A)		7,287		237
Spero Therapeutics Inc *		2,700		29
SpringWorks Therapeutics Inc *		40,514		878
Syneos Health Inc, Cl A *		26,565		1,413
Tactile Systems Technology Inc *		1,341		57
Tandem Diabetes Care Inc *		13,730		810
TCR2 Therapeutics Inc *(A)		32,720		492
Theravance Biopharma Inc *(A)		23,027		449
Turning Point Therapeutics Inc *		8,849		333
US Physical Therapy Inc		5,785		755
Vanda Pharmaceuticals Inc *		51,620		685
Veracyte Inc *		54,595		1,310
Vericel Corp *		52,843		800
Viking Therapeutics Inc *(A)		83,553		575
Vocera Communications Inc *		29,470		726
Voyager Therapeutics Inc *		30,831		531
WaVe Life Sciences Ltd *		22,082		453
Xencor Inc *		23,347		787
Xeris Pharmaceuticals Inc *(A)		52,457		516
				74,119
Industrials — 21.0%
ABM Industries Inc		41,122		1,494
ACCO Brands Corp		43,603		430
Aerojet Rocketdyne Holdings Inc *		20,818		1,052
AeroVironment Inc *		7,058		378
Albany International Corp, Cl A		4,472		403
Apogee Enterprises Inc		19,578		763
Arcosa Inc		14,233		487

3 SEI Institutional Managed Trust / Annual Report / September 30, 2019

SCHEDULE OF INVESTMENTS

Small Cap Growth Fund (Continued)

September 30, 2019

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Armstrong World Industries Inc		3,250	$	314
ASGN Inc *		15,683		986
Atkore International Group Inc *		39,736		1,206
AZZ Inc		9,045		394
BMC Stock Holdings Inc *		22,261		583
Brady Corp, Cl A		8,409		446
BrightView Holdings Inc *		67,549		1,158
Brink’s Co/The		21,086		1,749
Casella Waste Systems Inc, Cl A *		9,828		422
Chart Industries Inc *		6,638		414
Cimpress NV *		9,763		1,287
Clean Harbors Inc *		35,924		2,773
Commercial Vehicle Group Inc *		5,238		38
Construction Partners Inc, Cl A *		58,136		906
CSW Industrials Inc		972		67
Dycom Industries Inc *		13,056		667
EMCOR Group Inc		11,363		979
Encore Wire Corp		788		44
Ennis Inc		6,156		124
Exponent Inc		8,042		562
Federal Signal Corp		36,836		1,206
Forrester Research Inc *		21,270		684
Fortress Transportation & Infrastructure Investors LLC (E)		115,430		1,749
Forward Air Corp		15,037		958
FTI Consulting Inc *		15,700		1,664
GATX Corp		7,563		586
Generac Holdings Inc *		15,817		1,239
Graham Corp, Cl A		25,399		504
Great Lakes Dredge & Dock Corp *		18,424		193
Heartland Express Inc		57,826		1,244
Heritage-Crystal Clean Inc *		93,356		2,474
Herman Miller Inc		18,320		844
Hertz Global Holdings Inc *		31,832		441
Hexcel Corp, Cl A		5,591		459
Hillenbrand Inc		3,847		119
Hudson Technologies Inc *(A)		190,352		135
Huron Consulting Group Inc *		5,146		316
ICF International Inc, Cl A		34,109		2,881
InnerWorkings Inc *		405,266		1,795
John Bean Technologies Corp, Cl A		20,741		2,062
Kennametal Inc		38,429		1,181
Kforce Inc		3,328		126
Kimball International Inc, Cl B		3,900		75
Kirby Corp *		18,035		1,482
Lawson Products Inc/DE *		1,248		48
MasTec Inc *		60,194		3,908
Matson Inc		41,952		1,574
McGrath RentCorp		9,855		686
Mercury Systems Inc *		5,451		442
Meritor Inc *		35,126		650
MSC Industrial Direct Co Inc, Cl A		17,390		1,261

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
NOW Inc *		5,745	$	66
Proto Labs Inc *		4,311		440
Ritchie Bros Auctioneers Inc		37,343		1,490
Rush Enterprises Inc, Cl A		18,410		710
Saia Inc *		19,069		1,787
SkyWest Inc		13,308		764
SP Plus Corp *		38,264		1,416
Steelcase Inc, Cl A		13,240		244
Tennant Co		24,233		1,713
Tetra Tech Inc		13,846		1,201
Titan Machinery Inc *		404		6
TriNet Group Inc *		24,256		1,509
TrueBlue Inc *		80,416		1,697
Wabash National Corp		35,315		512
Watts Water Technologies Inc, Cl A		7,047		661
WillScot Corp, Cl A *		110,825		1,727
				69,055
Information Technology — 20.0%
2U Inc *(A)		46,252		753
3D Systems Corp *(A)		66,364		541
Acacia Communications Inc *		5,991		392
Actua Corp *(B)(C)(G)		105,055		29
Agilysys Inc *		11,337		290
Alteryx Inc, Cl A *		2,293		246
Ambarella Inc *		7,195		452
American Software Inc/GA, Cl A		48,075		722
Anaplan Inc *		5,534		260
Anixter International Inc *		10,931		756
Appian Corp, Cl A *(A)		7,243		344
Asure Software Inc *(A)		79,396		533
Avalara Inc *		5,139		346
Benefitfocus Inc *(A)		38,758		923
Box Inc, Cl A *		66,520		1,102
Cabot Microelectronics Corp		3,298		466
CACI International Inc, Cl A *		5,946		1,375
CalAmp Corp *		51,477		593
Carbonite Inc *		96,369		1,493
Cardtronics PLC *		16,075		486
ChannelAdvisor Corp *		44,548		416
Ciena Corp *		10,185		400
Cirrus Logic Inc *		9,943		533
Cornerstone OnDemand Inc *		41,826		2,293
Coupa Software Inc *		2,297		298
CSG Systems International Inc		12,619		652
CTS Corp		22,295		721
Digital Turbine Inc *(A)		94,539		609
Diodes Inc *		5,672		228
Domo Inc, Cl B *		27,173		434
Echo Global Logistics Inc *		28,959		656
Enphase Energy Inc *		22,844		508
Entegris Inc		6,703		315

4 SEI Institutional Managed Trust / Annual Report / September 30, 2019

SCHEDULE OF INVESTMENTS

Small Cap Growth Fund (Continued)

September 30, 2019

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
ePlus Inc *		5,065	$	385
Everbridge Inc *		18,344		1,132
EVERTEC Inc		35,810		1,118
Fabrinet *		6,730		352
FireEye Inc *		183,380		2,446
Five9 Inc *		41,837		2,248
Genpact Ltd		16,018		621
Harmonic Inc, Cl A *		48,690		320
II-VI Inc *		32,970		1,161
Impinj Inc *		2,598		80
Inphi Corp *		8,425		514
Itron Inc *		15,810		1,169
Jabil Inc		8,964		321
KBR Inc		23,820		585
Knowles Corp *		15,618		318
Lattice Semiconductor Corp *		77,840		1,423
Limelight Networks Inc *		287,682		872
LivePerson Inc *		31,142		1,112
LogMeIn Inc		39,798		2,824
Manhattan Associates Inc *		8,000		645
MAXIMUS Inc		21,711		1,677
Medallia Inc *(A)		1,848		51
MobileIron Inc *		62,845		411
Model N Inc *		49,409		1,372
Nanometrics Inc *		4,193		137
Napco Security Technologies Inc *		15,057		384
NETGEAR Inc *		12,244		395
NIC Inc		33,600		694
OSI Systems Inc *		8,630		876
Paylocity Holding Corp *		2,746		268
Perficient Inc *		80,287		3,097
Photronics Inc *		7,124		78
Ping Identity Holding Corp *		4,110		71
Power Integrations Inc		4,351		393
Presidio Inc		95,458		1,613
Progress Software Corp		14,283		544
Proofpoint Inc *		16,616		2,144
PROS Holdings Inc *		7,601		453
Q2 Holdings Inc *		5,208		411
QAD Inc, Cl A		14,665		677
Sanmina Corp *		16,959		545
Silicon Laboratories Inc *		4,757		530
SolarEdge Technologies Inc *		8,117		680
SPS Commerce Inc *		20,016		942
SunPower Corp, Cl A *(A)		37,864		415
SVMK Inc *		33,105		566
Switch Inc, Cl A		145,016		2,265
SYNNEX Corp		2,743		310
Tech Data Corp *		8,988		937
Telaria Inc *		31,948		221
Telenav Inc *		12,943		62
TTEC Holdings Inc		8,297		397

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Tufin Software Technologies Ltd *(A)		21,719	$	357
Unisys Corp *		6,419		48
Upland Software Inc *		11,207		391
Viavi Solutions Inc *		28,649		401
Vishay Precision Group Inc *		377		12
Workiva Inc, Cl A *		6,101		267
Xperi Corp		26,378		545
Zix Corp *		8,634		63
Zscaler Inc *		3,873		183
				65,694
Materials — 1.1%
Commercial Metals Co, Cl A		25,251		439
Ingevity Corp *		5,373		456
Kaiser Aluminum Corp		5,444		539
Kraton Corp *		20,209		652
Materion Corp		9,813		602
Ranpak Holdings Corp *		91,909		557
Scotts Miracle-Gro Co/The, Cl A		3,323		338
Warrior Met Coal Inc		4,907		96
				3,679
Real Estate — 3.6%
Acadia Realty Trust ‡		14,780		422
Americold Realty Trust ‡		30,472		1,130
CareTrust REIT Inc ‡		26,268		617
Cushman & Wakefield PLC *‡(A)		8,567		159
EastGroup Properties Inc ‡		4,626		578
Essential Properties Realty Trust Inc ‡		22,699		520
First Industrial Realty Trust Inc ‡		10,653		421
Franklin Street Properties Corp ‡		13,601		115
Gladstone Commercial Corp ‡		6,500		153
Hannon Armstrong Sustainable Infrastructure Capital Inc ‡		30,060		876
Independence Realty Trust Inc ‡		22,693		325
Innovative Industrial Properties Inc, Cl A ‡(A)		5,007		463
Jernigan Capital Inc ‡		31,508		607
Medical Properties Trust Inc ‡		71,424		1,397
National Storage Affiliates Trust ‡		12,219		408
NexPoint Residential Trust Inc ‡		7,890		369
PS Business Parks Inc ‡		2,788		507
Rexford Industrial Realty Inc ‡		13,070		575
Ryman Hospitality Properties Inc ‡		6,307		516
STAG Industrial Inc ‡		7,514		222
Terreno Realty Corp ‡		18,790		960
Whitestone REIT, Cl B ‡		2,628		36
Xenia Hotels & Resorts Inc ‡		25,700		543
				11,919
Utilities — 0.9%
American States Water Co		5,245		471
Avista Corp		9,104		441

5 SEI Institutional Managed Trust / Annual Report / September 30, 2019

SCHEDULE OF INVESTMENTS

Small Cap Growth Fund (Continued)

September 30, 2019

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Chesapeake Utilities Corp		4,491	$	428
NorthWestern Corp		6,572		493
ONE Gas Inc		4,612		443
Spire Inc		7,067		617
				2,893
Total Common Stock (Cost $296,215) ($ Thousands)				317,009
	Number of Warrants
WARRANT — 0.0%
Ranpak Holdings Corp, Expires 06/06/2024
Strike Price $12 *		52,636		39
Total Warrant (Cost $68) ($ Thousands)				39
	Shares
AFFILIATED PARTNERSHIP — 7.2%
SEI Liquidity Fund, L.P.
2.010% **†(F)		23,698,539		23,698
Total Affiliated Partnership (Cost $23,698) ($ Thousands)				23,698
CASH EQUIVALENT — 3.4%
SEI Daily Income Trust, Government Fund, Cl F
1.800%**†		11,045,819		11,046
Total Cash Equivalent (Cost $11,046) ($ Thousands)				11,046
Total Investments in Securities — 107.1% (Cost $331,027) ($ Thousands)			$	351,792

Percentages are based on Net Assets of $328,562 ($ Thousands).

* Non-income producing security.

** Rate shown is the 7-day effective yield as of September 30, 2019.

^‡  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, 2019 (see Note 10). The total market value of securities on loan at September 30, 2019 was $23,082 ($ Thousands).

(B) Securities considered illiquid. The total value of such securities as of September 30, 2019 was $1,322 ($ Thousands) and represented 0.4% of the Net Assets of the Fund (see Note 2).

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

(D) Securities considered restricted. The total market value of such securities as of September 30, 2019 was $58 ($ Thousands) and represented 0.0% of the Net Assets of the Fund.

(E) Security is a Master Limited Partnership. At September 30, 2019, such securities amounted to $1,749 ($ Thousands), or 0.5% of the net assets (see Note 2).

(F) This security was purchased with cash collateral held from securities on loan. The total market value of such securities as of September 30, 2019 was $23,698 ($ Thousands).

(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, 2019 was $87 ($ Thousands) and represented 0.0% of the Net Assets of the Fund.

ADR — American Depositary Receipt

CBT — Chicago Board of Trade

Cl — Class

LLC — Limited Liability Company

L.P. — Limited Partnership

Ltd. — Limited

PIK — Payment-in-Kind

PLC — Public Limited Company

REIT — Real Estate investment Trust

The following is a list of the level of inputs used as of September 30, 2019, 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		316,922			—		87		317,009
Warrant		—			39		—		39
Affiliated Partnership		—			23,698		—		23,698
Cash Equivalent		11,046			—		—		11,046
Total Investments in Securities		327,968			23,737		87		351,792
Other Financial Instruments	Level 1 ($)			Level 2 ($)		Level 3 ($)		Total ($)
Futures Contracts *
Unrealized Depreciation		(64	)		—		—		(64	)
Total Other Financial Instruments		(64	)		—		—		(64	)

(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, 2019, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the year ended September 30, 2019, there were no transfers between Level 2 and Level 3 assets and liabilities.

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

6 SEI Institutional Managed Trust / Annual Report / September 30, 2019

SCHEDULE OF INVESTMENTS

Small Cap Growth Fund (Concluded)

September 30, 2019

The following is a summary of the Fund’s transactions with affiliates for the year ended September 30, 2019 ($ Thousands):

Security Description	Value 9/30/2018			Purchases at Cost			Proceeds from Sales				Realized Gain			Change in Unrealized Appreciation			Value 9/30/2019			Shares		Income			Capital Gains
SEI Liquidity Fund, L.P.		$	25,165		$	107,771		$	(109,245	)		$	5		$	2		$	23,698		23,698,539		$	209		$	—
SEI Daily Income Trust, Government Fund, Cl F			17,517			94,958			(101,429	)			—			—		$	11,046		11,045,819			178			—
Totals		$	42,682		$	202,729		$	(210,674	)		$	5		$	2		$	34,744		34,744,358		$	387		$	—

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

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

7 SEI Institutional Managed Trust / Annual Report / September 30, 2019

SCHEDULE OF INVESTMENTS

Tax-Managed Small/Mid Cap Fund

September 30, 2019

Description	Shares		Market Value ($ Thousands)
COMMON STOCK — 97.9%
Communication Services — 2.7%
Boingo Wireless Inc *		55,450	$	616
Cable One Inc (A)		1,150		1,443
Cinemark Holdings Inc		8,019		310
Cogent Communications Holdings Inc		12,431		685
Criteo SA ADR *		13,792		258
Electronic Arts Inc *		6,830		668
IAC/InterActiveCorp *		43,031		9,379
Interpublic Group of Cos Inc/The		32,406		699
Marcus Corp/The		9,198		340
National CineMedia Inc		82,336		675
Nexstar Media Group Inc, Cl A (A)		39,210		4,012
Shenandoah Telecommunications Co		7,119		226
Take-Two Interactive Software Inc, Cl A *		5,083		637
TEGNA Inc		58,719		912
Telephone & Data Systems Inc		14,635		378
United States Cellular Corp *		7,086		266
Vonage Holdings Corp *		100,101		1,131
World Wrestling Entertainment Inc, Cl A (A)		9,100		647
				23,282
Consumer Discretionary — 12.6%
1-800-Flowers.com Inc, Cl A *		42,193		624
Aaron’s Inc (A)		15,577		1,001
Advance Auto Parts Inc		10,274		1,699
America’s Car-Mart Inc/TX *		11,886		1,090
Aramark		12,000		523
Asbury Automotive Group Inc *		5,457		558
Big Lots Inc		2,100		51
Bloomin’ Brands Inc		136,490		2,584
Bright Horizons Family Solutions Inc *		16,432		2,506
Brinker International Inc (A)		36,526		1,559
Burlington Stores Inc *		10,030		2,004
Career Education Corp *		45,000		715
Carriage Services Inc		32,304		660
Cato Corp/The, Cl A		30,929		545
Cheesecake Factory Inc/The (A)		75,432		3,144
Chuy’s Holdings Inc *		28,594		708
Cooper Tire & Rubber Co		57,287		1,496
Core-Mark Holding Co Inc, Cl A		34,011		1,092
Dave & Buster’s Entertainment Inc		85,664		3,337
Deckers Outdoor Corp *		3,400		501
Denny’s Corp, Cl A *		29,756		677
Dillard’s Inc, Cl A (A)		2,522		167
Domino’s Pizza Inc		2,231		546
Dunkin’ Brands Group Inc		19,500		1,547
El Pollo Loco Holdings Inc *		104,799		1,149
Etsy Inc *		7,574		428
Expedia Group Inc		3,983		535
Extended Stay America Inc		50,171		734
Fiesta Restaurant Group Inc *		21,653		226
Five Below Inc *		7,055		890

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Fox Factory Holding Corp *		11,019	$	686
Graham Holdings Co, Cl B		1,200		796
Grand Canyon Education Inc *(A)		20,065		1,970
GrubHub Inc *(A)		23,204		1,304
H&R Block Inc		15,315		362
Hasbro Inc		7,072		839
Haverty Furniture Cos Inc		42,864		869
Helen of Troy Ltd *		4,558		719
Jack in the Box Inc		12,820		1,168
K12 Inc *		58,405		1,542
LCI Industries		24,809		2,279
Lear Corp		6,085		717
Lindblad Expeditions Holdings Inc *		40,000		670
Lithia Motors Inc, Cl A		56,842		7,525
LKQ Corp *		68,240		2,146
M/I Homes Inc *		32,684		1,231
Meritage Homes Corp *		6,511		458
Modine Manufacturing Co *		579,177		6,585
Murphy USA Inc *		1,163		99
NVR Inc *		25		93
Ollie’s Bargain Outlet Holdings Inc *		19,518		1,145
Penske Automotive Group Inc, Cl A		9,286		439
Planet Fitness Inc, Cl A *		28,562		1,653
Polaris Inc		9,333		821
Pool Corp		24,064		4,854
Rent-A-Center Inc/TX (A)		74,852		1,930
Rubicon Project Inc/The *		143,539		1,250
Ruth’s Hospitality Group Inc		15,018		307
Six Flags Entertainment Corp		149,154		7,576
Skechers U.S.A. Inc, Cl A *		95,273		3,558
Skyline Champion Corp *		27,626		831
Standard Motor Products Inc		35,909		1,743
Strategic Education Inc		14,806		2,012
Sturm Ruger & Co Inc		2,721		114
Taylor Morrison Home Corp, Cl A *		61,598		1,598
Texas Roadhouse Inc, Cl A		17,057		896
Ulta Beauty Inc *		3,283		823
Urban Outfitters Inc *		124,232		3,490
Vail Resorts Inc		10,571		2,406
Wendy’s Co/The		255,433		5,104
Whirlpool Corp (A)		5,200		823
Williams-Sonoma Inc (A)		11,413		776
				109,503
Consumer Staples — 4.8%
Andersons Inc/The		44,141		990
B&G Foods Inc, Cl A (A)		101,579		1,921
Boston Beer Co Inc/The, Cl A *		2,433		886
Central Garden & Pet Co, Cl A *		15,496		430
Chefs’ Warehouse Inc/The *		20,954		845
Coca-Cola Consolidated Inc		2,500		760
Flowers Foods Inc		83,104		1,922

1 SEI Institutional Managed Trust / Annual Report / September 30, 2019

SCHEDULE OF INVESTMENTS

Tax-Managed Small/Mid Cap Fund (Continued)

September 30, 2019

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Fresh Del Monte Produce Inc		10,639	$	363
Freshpet Inc *		40,259		2,004
Hain Celestial Group Inc/The *(A)		131,539		2,825
Hostess Brands Inc, Cl A *		455,006		6,363
Ingredion Inc		3,898		319
Inter Parfums Inc		4,338		303
J&J Snack Foods Corp		7,030		1,350
John B Sanfilippo & Son Inc		10,125		978
Kroger Co/The (A)		19,039		491
Lamb Weston Holdings Inc		34,188		2,486
Landec Corp *		27,833		303
Medifast Inc		10,782		1,117
Performance Food Group Co *		44,666		2,055
Pilgrim’s Pride Corp *		141,116		4,522
Post Holdings Inc *		2,519		267
Seaboard Corp		100		437
Spectrum Brands Holdings Inc (A)		73,758		3,888
Tootsie Roll Industries Inc (A)		25,993		965
TreeHouse Foods Inc *		24,098		1,336
Universal Corp/VA		8,494		466
US Foods Holding Corp *		15,000		616
USANA Health Sciences Inc *		4,731		324
				41,532
Energy — 1.4%
Arch Coal Inc (A)		5,232		388
Diamondback Energy Inc, Cl A		5,222		470
Frontline Ltd/Bermuda *		125,171		1,139
Gulfport Energy Corp *		615,259		1,667
Marathon Petroleum Corp		23,446		1,424
Par Pacific Holdings Inc *		18,578		425
Parsley Energy Inc, Cl A		97,157		1,632
Pioneer Natural Resources Co		2,474		311
Rattler Midstream LP *		150,723		2,686
REX American Resources Corp *		5,615		429
World Fuel Services Corp		39,675		1,585
				12,156
Financials — 18.2%
1st Source Corp		6,770		310
Affiliated Managers Group Inc		27,831		2,320
AG Mortgage Investment Trust Inc ‡		34,203		518
Alleghany Corp *		1,200		957
Allstate Corp/The		7,797		847
American Equity Investment Life Holding Co		291,562		7,056
American Financial Group Inc/OH		13,674		1,475
Ameriprise Financial Inc		4,701		692
AMERISAFE Inc		11,659		771
Anworth Mortgage Asset Corp ‡		138,875		458
Arch Capital Group Ltd *		10,008		420
Ares Commercial Real Estate Corp ‡		52,830		805
Argo Group International Holdings Ltd		6,242		438

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Assured Guaranty Ltd		13,356	$	594
Axis Capital Holdings Ltd		13,323		889
Axos Financial Inc *		44,247		1,223
BancFirst Corp		13,798		765
Banco Latinoamericano de Comercio Exterior SA, Cl E		23,424		467
Bancorp Inc/The *		173,438		1,717
Bank of Marin Bancorp		13,834		574
Bank OZK		97,587		2,661
BankUnited Inc		170,921		5,746
BGC Partners Inc, Cl A		876,359		4,820
Byline Bancorp Inc *		33,188		593
Camden National Corp		4,468		194
Canadian Imperial Bank of Commerce		3,321		274
Carter Bank & Trust *(A)		5,203		98
Central Pacific Financial Corp		41,371		1,175
CNO Financial Group Inc		216,331		3,425
Columbia Banking System Inc (A)		124,842		4,607
Community Trust Bancorp Inc		27,971		1,191
Cowen Inc, Cl A *		180,570		2,779
Diamond Hill Investment Group Inc		4,617		638
E*TRADE Financial Corp		11,727		512
Eagle Bancorp Inc		29,167		1,301
East West Bancorp Inc		21,214		940
eHealth Inc *		15,300		1,022
Employers Holdings Inc		17,888		780
Enterprise Financial Services Corp		9,147		373
Erie Indemnity Co, Cl A		5,000		928
Essent Group Ltd		30,000		1,430
Everest Re Group Ltd		6,060		1,613
Exantas Capital Corp ‡		170,463		1,938
FBL Financial Group Inc, Cl A		2,500		149
Federal Agricultural Mortgage Corp, Cl C		1,183		97
Federated Investors Inc, Cl B		15,000		486
Financial Institutions Inc		37,981		1,146
First American Financial Corp		23,494		1,386
First BanCorp/Puerto Rico		59,830		597
First Bancorp/Southern Pines NC		32,364		1,162
First Busey Corp		15,640		395
First Citizens BancShares Inc/NC, Cl A		1,150		542
First Commonwealth Financial Corp		313,357		4,161
First Defiance Financial Corp		15,190		440
First Financial Corp/IN		13,122		570
First Merchants Corp		29,004		1,092
FNB Corp/PA (A)		577,205		6,655
Great Southern Bancorp Inc		9,644		549
Great Western Bancorp Inc		71,997		2,376
Green Dot Corp, Cl A *		25,420		642
Hanover Insurance Group Inc/The, Cl A		25,705		3,484
Heritage Commerce Corp		46,013		541
Heritage Insurance Holdings Inc		39,657		593
Hilltop Holdings Inc		47,331		1,131

2 SEI Institutional Managed Trust / Annual Report / September 30, 2019

SCHEDULE OF INVESTMENTS

Tax-Managed Small/Mid Cap Fund (Continued)

September 30, 2019

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
HomeStreet Inc *		11,280	$	308
HomeTrust Bancshares Inc		14,568		380
Horace Mann Educators Corp, Cl A		21,962		1,017
Houlihan Lokey Inc, Cl A		15,000		676
Huntington Bancshares Inc/OH		97,198		1,387
Independent Bank Corp/MI		30,442		649
Invesco Mortgage Capital Inc ‡		44,341		679
James River Group Holdings Ltd		3,101		159
Kinsale Capital Group Inc		10,000		1,033
KKR Real Estate Finance Trust Inc ‡		56,183		1,097
MarketAxess Holdings Inc (A)		3,601		1,179
Mercantile Bank Corp		9,558		313
Merchants Bancorp/IN		11,997		198
Mercury General Corp		9,712		543
Meridian Bancorp Inc		27,019		507
National General Holdings Corp		241,308		5,555
National Western Life Group Inc, Cl A		5,486		1,472
NMI Holdings Inc, Cl A *		37,080		974
OceanFirst Financial Corp		20,849		492
OFG Bancorp		188,441		4,127
Old Republic International Corp		50,500		1,190
PacWest Bancorp		184,724		6,713
PCSB Financial Corp		32,297		646
PennyMac Mortgage Investment Trust ‡		10,214		227
Peoples Bancorp Inc/OH		27,762		883
People’s Utah Bancorp		3,572		101
Popular Inc		47,861		2,588
Provident Financial Services Inc		31,619		776
QCR Holdings Inc		10,961		416
Radian Group Inc		4,346		99
Ready Capital Corp ‡		17,528		279
Reinsurance Group of America Inc, Cl A		13,096		2,094
RenaissanceRe Holdings Ltd		8,320		1,610
Republic Bancorp Inc/KY, Cl A		2,303		100
Safety Insurance Group Inc		8,465		858
Sandy Spring Bancorp Inc		23,023		776
Selective Insurance Group Inc		19,688		1,480
Sierra Bancorp		4,654		124
Signature Bank/New York NY, Cl B		6,100		727
Southern National Bancorp of Virginia Inc		20,064		309
Starwood Property Trust Inc ‡		240,140		5,816
SVB Financial Group, Cl B *		6,773		1,415
TCF Financial Corp		4,908		187
TPG RE Finance Trust Inc ‡		64,242		1,275
TriCo Bancshares		29,301		1,064
TrustCo Bank Corp NY		106,886		871
UMH Properties ‡		42,338		596
Umpqua Holdings Corp		285,803		4,704
United Bankshares Inc/WV (A)		49,000		1,856
United Financial Bancorp Inc		71,253		971
Universal Insurance Holdings Inc		7,348		220
Univest Financial Corp		51,016		1,301

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Walker & Dunlop Inc		12,464	$	697
Washington Trust Bancorp Inc		15,104		730
Waterstone Financial Inc		37,641		647
Webster Financial Corp		3,768		177
Western Asset Mortgage Capital Corp ‡		114,682		1,107
				158,903
Health Care — 10.7%
ABIOMED Inc *		967		172
Aerie Pharmaceuticals Inc *		31,115		598
Aimmune Therapeutics Inc *(A)		37,551		786
Akebia Therapeutics Inc *(A)		111,457		437
AmerisourceBergen Corp, Cl A		4,713		388
Amphastar Pharmaceuticals Inc *		24,117		478
ANI Pharmaceuticals Inc *		4,710		343
Bio-Rad Laboratories Inc, Cl A *		3,000		998
Catalent Inc *		16,500		786
Charles River Laboratories International Inc *		7,525		996
Chemed Corp		8,200		3,424
Collegium Pharmaceutical Inc *		95,072		1,091
CONMED Corp		10,000		962
Cooper Cos Inc/The, Cl A		1,973		586
CryoLife Inc *		5,939		161
DexCom Inc *		8,351		1,246
Emergent BioSolutions Inc *		40,449		2,115
Encompass Health Corp		19,928		1,261
Ensign Group Inc/The		22,232		1,054
Fulgent Genetics Inc *		60,000		623
Genomic Health Inc *		5,975		405
Global Blood Therapeutics Inc *		12,094		587
Globus Medical Inc, Cl A *		16,200		828
GW Pharmaceuticals PLC ADR *(A)		3,127		360
Haemonetics Corp *		25,898		3,267
Halozyme Therapeutics Inc *		52,918		821
HealthStream Inc *		24,459		633
Hill-Rom Holdings Inc		11,000		1,158
HMS Holdings Corp *		29,419		1,014
Humana Inc *		5,500		1,406
ICON PLC *		11,790		1,737
ICU Medical Inc *		5,669		905
IDEXX Laboratories Inc *		6,675		1,815
Immunomedics Inc *(A)		54,373		721
Incyte Corp *		3,300		245
Inovalon Holdings Inc, Cl A *(A)		7,042		115
Insmed Inc *(A)		70,274		1,240
Integra LifeSciences Holdings Corp *		7,500		451
Jazz Pharmaceuticals PLC *		9,170		1,175
LHC Group Inc *		8,754		994
Ligand Pharmaceuticals Inc *(A)		45,961		4,575
Luminex Corp		35,714		737
Magellan Health Inc *		72,448		4,499

3 SEI Institutional Managed Trust / Annual Report / September 30, 2019

SCHEDULE OF INVESTMENTS

Tax-Managed Small/Mid Cap Fund (Continued)

September 30, 2019

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Masimo Corp *		15,397	$	2,291
Medidata Solutions Inc *		13,255		1,213
Mettler-Toledo International Inc *		411		290
Myriad Genetics Inc *		28,227		808
NanoString Technologies Inc *		38,416		829
National HealthCare Corp		19,293		1,579
National Research Corp, Cl A		5,713		330
Natus Medical Inc *		31,209		994
Nektar Therapeutics, Cl A *(A)		25,323		461
Neogen Corp, Cl B *		5,500		375
NeoGenomics Inc *(A)		23,942		458
Neurocrine Biosciences Inc *		10,038		905
NextGen Healthcare Inc *		39,665		622
Novocure Ltd *		11,889		889
Optinose Inc *(A)		78,414		549
Orthofix Medical Inc *		3,864		205
Pacira BioSciences Inc *		51,766		1,971
Penumbra Inc *(A)		10,162		1,367
PerkinElmer Inc (A)		12,707		1,082
Pfenex Inc *		84,108		710
Premier Inc, Cl A *		92,262		2,668
Prestige Consumer Healthcare Inc, Cl A *		46,904		1,627
Providence Service Corp/The *		3,491		208
Puma Biotechnology Inc *		42,385		456
Reata Pharmaceuticals Inc, Cl A *(A)		4,200		337
Revance Therapeutics Inc *		58,460		760
Sage Therapeutics Inc *(A)		3,171		445
Sarepta Therapeutics Inc *(A)		1,971		148
Supernus Pharmaceuticals Inc *		40,275		1,107
Syneos Health Inc, Cl A *(A)		126,943		6,755
Teleflex Inc		8,291		2,817
Tivity Health Inc *(A)		260,511		4,332
United Therapeutics Corp *		8,314		663
US Physical Therapy Inc		2,694		352
Veracyte Inc *		41,303		991
Voyager Therapeutics Inc *		53,093		914
WellCare Health Plans Inc *		3,172		822
West Pharmaceutical Services Inc		11,500		1,631
				93,154
Industrials — 15.7%
ACCO Brands Corp		195,035		1,925
Advanced Disposal Services Inc *		20,915		681
AECOM *		82,700		3,106
Air Transport Services Group Inc *		30,092		633
Alaska Air Group Inc		3,200		208
AO Smith Corp (A)		28,088		1,340
Apogee Enterprises Inc		70,773		2,759
Armstrong World Industries Inc		1,886		182
ASGN Inc *		8,718		548
Astec Industries Inc		64,261		1,999
Atkore International Group Inc *		9,461		287

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Atlas Air Worldwide Holdings Inc *		106,556	$	2,688
Barrett Business Services Inc		2,383		212
Builders FirstSource Inc *		21,680		446
Caesarstone Ltd *		13,609		226
Carlisle Cos Inc		9,043		1,316
Cimpress NV *		21,872		2,884
Cintas Corp		7,937		2,128
Clean Harbors Inc *		7,022		542
Colfax Corp *(A)		139,268		4,047
CoStar Group Inc *		7,222		4,284
Covanta Holding Corp		87,516		1,513
CRA International Inc		13,278		557
CSW Industrials Inc		1,824		126
Curtiss-Wright Corp		15,306		1,980
Deluxe Corp		11,400		560
Ducommun Inc *		19,720		836
DXP Enterprises Inc/TX *		12,853		446
Dycom Industries Inc *		15,943		814
EMCOR Group Inc		24,206		2,085
ESCO Technologies Inc		6,250		497
Exponent Inc		30,000		2,097
Foundation Building Materials Inc *		49,759		771
Franklin Covey Co *		4,300		151
FTI Consulting Inc *		13,700		1,452
Genesee & Wyoming Inc, Cl A *		56,029		6,192
GMS Inc *		20,098		577
Great Lakes Dredge & Dock Corp *		133,857		1,399
Hawaiian Holdings Inc		26,352		692
HD Supply Holdings Inc *		26,744		1,048
Heritage-Crystal Clean Inc *		4,102		109
Herman Miller Inc		19,564		902
Hexcel Corp, Cl A		23,064		1,894
Huntington Ingalls Industries Inc, Cl A		6,945		1,471
Huron Consulting Group Inc *		30,366		1,863
IAA Inc *		243,005		10,141
ICF International Inc, Cl A		4,655		393
IDEX Corp		10,820		1,773
Insperity Inc, Cl A		8,458		834
JetBlue Airways Corp *		63,886		1,070
John Bean Technologies Corp, Cl A (A)		1,377		137
Kadant Inc		21,160		1,858
Kaman Corp, Cl A		54,466		3,239
KAR Auction Services Inc		271,436		6,664
Kelly Services Inc, Cl A		29,385		712
Kforce Inc		10,057		381
Knoll Inc, Cl B		28,677		727
Kratos Defense & Security Solutions Inc *(A)		37,042		689
L3Harris Technologies Inc		9,490		1,980
LB Foster Co, Cl A *		54,099		1,172
Lydall Inc *		88,930		2,215
Macquarie Infrastructure Corp		12,695		501
Masonite International Corp *		28,376		1,646

4 SEI Institutional Managed Trust / Annual Report / September 30, 2019

SCHEDULE OF INVESTMENTS

Tax-Managed Small/Mid Cap Fund (Continued)

September 30, 2019

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
McGrath RentCorp		2,022	$	141
Mercury Systems Inc *		7,000		568
Meritor Inc *		72,117		1,334
Middleby Corp/The *(A)		11,013		1,287
Miller Industries Inc/TN		3,812		127
Moog Inc, Cl A		2,479		201
MSA Safety Inc		10,698		1,167
MYR Group Inc *		14,422		451
National Presto Industries Inc		2,753		245
Navigant Consulting Inc		7,152		200
Old Dominion Freight Line Inc, Cl A (A)		9,888		1,681
Quanex Building Products Corp		36,034		652
RBC Bearings Inc *		9,071		1,505
Resources Connection Inc		79,067		1,343
REV Group Inc (A)		61,449		702
Robert Half International Inc		13,313		741
Rush Enterprises Inc, Cl A		22,477		867
SkyWest Inc		17,047		979
SP Plus Corp *		12,335		456
Spirit AeroSystems Holdings Inc, Cl A		12,076		993
Spirit Airlines Inc *		3,326		121
Teledyne Technologies Inc *		27,753		8,936
Tetra Tech Inc		27,739		2,407
Toro Co/The		2,800		205
TransDigm Group Inc *		500		260
TriMas Corp *		19,802		607
Trinity Industries Inc		114,240		2,248
TrueBlue Inc *		50,630		1,068
UniFirst Corp/MA		2,980		581
United Rentals Inc *		7,561		942
Universal Forest Products Inc		9,396		375
US Ecology Inc		3,142		201
Wabtec Corp (A)		3,600		259
XPO Logistics Inc *(A)		56,076		4,013
				136,468
Information Technology — 14.3%
Acacia Communications Inc *		14,275		934
ACI Worldwide Inc *		415,167		13,005
Alteryx Inc, Cl A *		7,386		793
Amdocs Ltd		9,760		645
American Software Inc/GA, Cl A		30,440		457
ANSYS Inc *		2,600		576
Arista Networks Inc *		2,488		594
Aspen Technology Inc *		27,648		3,403
Avnet Inc		7,600		338
Belden Inc (A)		5,121		273
Black Knight Inc *		10,000		611
Brightcove Inc *		9,124		96
Broadridge Financial Solutions Inc		1,700		212
Cadence Design Systems Inc *		53,461		3,533
CalAmp Corp *		72,888		840

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Cass Information Systems Inc		9,684	$	523
CDW Corp/DE		10,820		1,333
ChannelAdvisor Corp *		38,964		364
Coherent Inc *(A)		1,510		232
Cornerstone OnDemand Inc *		10,000		548
CSG Systems International Inc		16,700		863
Cypress Semiconductor Corp		171,349		3,999
Echo Global Logistics Inc *		56,360		1,277
Enphase Energy Inc *(A)		20,403		454
Entegris Inc		26,270		1,236
EPAM Systems Inc *		5,383		981
Euronet Worldwide Inc *		23,000		3,365
EVERTEC Inc		113,185		3,534
Fabrinet *		23,460		1,227
Fair Isaac Corp *		2,500		759
Fidelity National Information Services Inc, Cl B		10,569		1,403
Gartner Inc *(A)		1,518		217
Genpact Ltd		12,000		465
Global Payments Inc		5,841		929
Guidewire Software Inc, Cl Z *(A)		12,033		1,268
Hackett Group Inc/The		19,093		314
Inphi Corp *		24,989		1,526
Insight Enterprises Inc *		21,641		1,205
Itron Inc *		32,846		2,429
j2 Global Inc *(A)		89,262		8,107
Keysight Technologies Inc *		21,399		2,081
KLA Corp		4,818		768
Lattice Semiconductor Corp *		49,008		896
Leidos Holdings Inc		24,667		2,118
Littelfuse Inc (A)		800		142
Lumentum Holdings Inc *		4,818		258
Manhattan Associates Inc *(A)		10,280		829
ManTech International Corp/VA, Cl A		12,383		884
MAXIMUS Inc		53,612		4,142
Microchip Technology Inc (A)		7,324		680
MicroStrategy Inc, Cl A *		713		106
Mitek Systems Inc *		49,865		481
Model N Inc *		18,083		502
Monolithic Power Systems Inc		6,335		986
Monotype Imaging Holdings Inc *		24,000		475
MTS Systems Corp, Cl A		12,851		710
Napco Security Technologies Inc *		4,938		126
NCR Corp *		91,133		2,876
NIC Inc		86,499		1,786
ON Semiconductor Corp *		127,316		2,446
Palo Alto Networks Inc *		4,182		852
Perficient Inc *		12,505		482
Photronics Inc *		30,976		337
Progress Software Corp		2,444		93
QAD Inc, Cl A		6,506		300
Qorvo Inc *		10,870		806

5 SEI Institutional Managed Trust / Annual Report / September 30, 2019

SCHEDULE OF INVESTMENTS

Tax-Managed Small/Mid Cap Fund (Continued)

September 30, 2019

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Rambus Inc *		12,784	$	168
RingCentral Inc, Cl A *		14,591		1,834
Sanmina Corp *		22,615		726
Science Applications International Corp		10,962		958
Semtech Corp *		69,982		3,402
Shutterstock Inc *		4,157		150
Silicon Motion Technology Corp ADR (A)		17,464		617
Smith Micro Software Inc *		31,726		172
SPS Commerce Inc *		20,488		964
SS&C Technologies Holdings Inc		3,924		202
Super Micro Computer Inc *		345,310		6,630
Sykes Enterprises Inc *		9,712		298
Synopsys Inc *		15,383		2,111
Tech Data Corp *		8,900		928
Teradyne Inc		18,928		1,096
Trade Desk Inc/The, Cl A *(A)		17,606		3,302
TTEC Holdings Inc		19,258		922
Tyler Technologies Inc *		4,765		1,251
Verint Systems Inc *		25,000		1,070
Wix.com Ltd *		32,447		3,788
WNS Holdings Ltd ADR *		13,983		822
Xperi Corp		22,080		457
Zebra Technologies Corp, Cl A *		6,251		1,290
				124,188
Materials — 5.7%
Albemarle Corp (A)		4,500		313
Ashland Global Holdings Inc		46,410		3,576
Avery Dennison Corp		2,472		281
Axalta Coating Systems Ltd *		108,072		3,258
B2Gold Corp *		656,468		2,120
Balchem Corp		11,353		1,126
Century Aluminum Co *		157,104		1,042
Commercial Metals Co, Cl A (A)		306,621		5,329
Crown Holdings Inc *		4,800		317
FMC Corp		126,012		11,049
Hawkins Inc		12,868		547
Ingevity Corp *		17,531		1,487
Innospec Inc		21,490		1,916
International Flavors & Fragrances Inc		7,500		920
Livent Corp *(A)		356,034		2,382
Materion Corp		14,333		879
NewMarket Corp		1,100		519
Novagold Resources Inc *		94,000		571
Packaging Corp of America		2,600		276
PolyOne Corp		34,000		1,110
Royal Gold Inc, Cl A		12,000		1,479
Schnitzer Steel Industries Inc, Cl A		20,451		423
Silgan Holdings Inc		221,809		6,662
Stepan Co		6,908		671
Tredegar Corp		34,311		670
United States Steel Corp (A)		30,079		347

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Valvoline Inc		7,138	$	157
				49,427
Real Estate — 7.6%
Alexander’s Inc ‡		1,336		465
American Assets Trust Inc ‡		7,234		338
Apartment Investment & Management Co, Cl A ‡		10,005		522
Armada Hoffler Properties Inc ‡		153,483		2,777
Braemar Hotels & Resorts Inc ‡		82,540		775
Camden Property Trust ‡		14,750		1,637
CareTrust REIT Inc ‡		42,500		999
Chatham Lodging Trust ‡		14,607		265
City Office REIT Inc ‡		92,196		1,327
CoreCivic Inc ‡		79,670		1,377
CorEnergy Infrastructure Trust Inc ‡		18,108		855
Cousins Properties Inc ‡		40,604		1,526
EastGroup Properties Inc ‡		14,800		1,850
EPR Properties, Cl A ‡		1,000		77
Equity LifeStyle Properties ‡		12,600		1,683
Essential Properties Realty Trust Inc ‡		70,000		1,604
Gaming and Leisure Properties Inc ‡		164,643		6,296
Getty Realty Corp ‡		46,457		1,489
Gladstone Commercial Corp ‡		37,688		886
Global Net Lease Inc ‡		20,000		390
Highwoods Properties Inc ‡		10,000		449
Howard Hughes Corp/The *‡(A)		30,552		3,960
Independence Realty Trust Inc ‡		113,415		1,623
Innovative Industrial Properties Inc, Cl A ‡(A)		9,304		859
Investors Real Estate Trust ‡		22,966		1,715
Invitation Homes Inc ‡		88,917		2,633
Jernigan Capital Inc ‡		5,055		97
Kite Realty Group Trust		125,497		2,027
Life Storage Inc ‡		10,000		1,054
LTC Properties Inc ‡		9,000		461
Medical Properties Trust Inc ‡		428,546		8,382
Mid-America Apartment Communities Inc ‡		5,599		728
Monmouth Real Estate Investment Corp, Cl A ‡		23,494		339
National Storage Affiliates Trust ‡		25,000		834
New Senior Investment Group Inc ‡		60,000		401
Newmark Group Inc, Cl A ‡		165,381		1,498
One Liberty Properties Inc ‡		8,822		243
PS Business Parks Inc ‡		12,200		2,220
Regency Centers Corp ‡		5,413		376
Retail Properties of America Inc, Cl A ‡		54,793		675
Retail Value Inc ‡		15,819		586
Rexford Industrial Realty Inc ‡		27,000		1,189
RPT Realty ‡		133,960		1,815
Ryman Hospitality Properties Inc ‡		5,000		409
Saul Centers Inc ‡		23,060		1,257
STAG Industrial Inc ‡		33,500		988

6 SEI Institutional Managed Trust / Annual Report / September 30, 2019

SCHEDULE OF INVESTMENTS

Tax-Managed Small/Mid Cap Fund (Continued)

September 30, 2019

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Sun Communities Inc ‡		1,653	$	245
Universal Health Realty Income Trust ‡		1,794		184
Urstadt Biddle Properties Inc, Cl A ‡		58,312		1,382
Whitestone REIT, Cl B ‡		47,953		660
				66,427
Utilities — 4.2%
ALLETE Inc		15,000		1,311
American States Water Co		21,500		1,932
Atmos Energy Corp		20,484		2,333
Avista Corp		13,200		639
Black Hills Corp, Cl A		26,201		2,010
California Water Service Group, Cl A		10,000		529
Chesapeake Utilities Corp		6,037		575
CMS Energy Corp		10,600		678
Evergy Inc		21,057		1,402
Hawaiian Electric Industries Inc		9,000		411
IDACORP Inc, Cl A		10,909		1,229
MDU Resources Group Inc		49,882		1,406
Middlesex Water Co		24,460		1,589
New Jersey Resources Corp		9,000		407
Northwest Natural Holding Co		10,000		713
NorthWestern Corp		16,618		1,247
NRG Energy Inc		5,179		205
OGE Energy Corp		31,500		1,430
ONE Gas Inc		22,250		2,138
Ormat Technologies Inc		11,000		817
Otter Tail Corp		9,281		499
Pinnacle West Capital Corp		15,400		1,495
PNM Resources Inc		25,500		1,328
Portland General Electric Co		43,378		2,445
Southwest Gas Holdings Inc		10,221		931
Spire Inc		14,200		1,239
TerraForm Power Inc, Cl A		112,662		2,053
UGI Corp		35,168		1,768
Unitil Corp		22,931		1,455
York Water Co/The		9,081		397
				36,611
Total Common Stock (Cost $600,246) ($ Thousands)				851,651
	Number of Rights
RIGHTS — 0.0%
Schulman ‡‡(B)*		51,428		103
Total Rights (Cost $—) ($ Thousands)				103

Description	Shares		Market Value ($ Thousands)
AFFILIATED PARTNERSHIP — 9.0%
SEI Liquidity Fund, L.P.
2.010% **†(C)		78,151,135	$	78,149
Total Affiliated Partnership (Cost $78,150) ($ Thousands)				78,149
CASH EQUIVALENT — 2.2%
SEI Daily Income Trust, Government Fund, Cl F
1.800% **†		18,992,409		18,992
Total Cash Equivalent (Cost $18,992) ($ Thousands)				18,992
Total Investments in Securities — 109.1% (Cost $697,388) ($ Thousands)			$	948,895

Percentages are based on Net Assets of $869,809 ($ Thousands).

* Non-income producing security.

** Rate shown is the 7-day effective yield as of September 30, 2019.

^‡  Real Estate Investment Trust.

^‡‡  Expiration date not available.

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

(A) Certain securities or partial positions of certain securities are on loan at September 30, 2019 (see Note 10). The total market value of securities on loan at September 30, 2019 was $76,613 ($ Thousands).

(B) Securities considered illiquid. The total value of such securities as of September 30, 2019 was $103 ($ Thousands) and represented 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, 2019 was $78,149 ($ Thousands).

ADR — American Depositary Receipt

Cl — Class

L.P. — Limited Partnership

Ltd — Limited

PLC — Public Limited Company

The following is a list of the level of inputs used as of September 30, 2019, in valuing the Fund’s investments carried at value ($ Thousands):

Investments in Securities	Level 1 ($)		Level 2 ($)		Level 3 ($)		Total ($)
Common Stock		851,651		—		—		851,651
Rights		103		—		—		103
Affiliated Partnership		—		78,149		—		78,149
Cash Equivalent		18,992		—		—		18,992
Total Investments in Securities		870,746		78,149		—		948,895

For the year ended September 30, 2019, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the year ended September 30, 2019, there were no transfers between Level 2 and Level 3 assets and liabilities.

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

7 SEI Institutional Managed Trust / Annual Report / September 30, 2019

SCHEDULE OF INVESTMENTS

Tax-Managed Small/Mid Cap Fund (Concluded)

September 30, 2019

The following is a summary of the Fund’s transactions with affiliates for the year ended September 30, 2019 ($ Thousands):

Security Description	Value 9/30/2018			Purchases at Cost			Proceeds from Sales				Realized Gain			Change in Unrealized Appreciation			Value 9/30/2019			Shares		Income			Capital Gains
SEI Liquidity Fund, L.P.		$	173,797		$	165,190		$	(260,906	)		$	54		$	14		$	78,149		78,151,135		$	361		$	—
SEI Daily Income Trust, Government Fund, Cl F			32,302			111,898			(125,208	)			—			—			18,992		18,992,409			435			—
Totals		$	206,099		$	277,088		$	(386,114	)		$	54		$	14		$	97,141		97,143,544		$	796		$	—

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

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

8 SEI Institutional Managed Trust / Annual Report / September 30, 2019

SCHEDULE OF INVESTMENTS

Mid-Cap Fund

September 30, 2019

Description	Shares		Market Value ($ Thousands)
COMMON STOCK — 97.0%
Communication Services — 2.7%
CBS Corp, Cl B		15,900	$	642
CenturyLink Inc		61,600		769
Discovery Inc, Cl A *		2,100		56
Discovery Inc, Cl C *		24,800		610
DISH Network Corp, Cl A *		705		24
TripAdvisor Inc *		4,100		159
Viacom Inc, Cl B		25,000		601
				2,861
Consumer Discretionary — 12.8%
1-800-Flowers.com Inc, Cl A *		1,800		27
AutoNation Inc *		4,900		248
Best Buy Co Inc		7,900		545
Big Lots Inc		5,600		137
Capri Holdings Ltd *		19,000		630
CarMax Inc *		7,200		634
Chipotle Mexican Grill Inc, Cl A *		1,060		891
Core-Mark Holding Co Inc, Cl A		1,800		58
Dollar General Corp		3,800		604
DR Horton Inc		3,500		184
Expedia Group Inc		5,900		793
Extended Stay America Inc		27,600		404
frontdoor Inc *		13,100		636
Genuine Parts Co		7,100		707
Goodyear Tire & Rubber Co/The		7,300		105
Hilton Worldwide Holdings Inc		10,100		940
Kontoor Brands Inc		457		16
Lennar Corp, Cl A		3,700		207
LKQ Corp *		12,800		403
M/I Homes Inc *		3,900		147
Macy’s Inc		28,000		435
Michaels Cos Inc/The *		1,900		19
Norwegian Cruise Line Holdings Ltd *		5,700		295
NVR Inc *		80		297
PVH Corp		5,700		503
Qurate Retail Inc *		36,500		377
Royal Caribbean Cruises Ltd		7,100		769
Tapestry Inc		21,600		563
Toll Brothers Inc		7,500		308
Whirlpool Corp		4,600		728
Yum China Holdings Inc		19,600		890
				13,500
Consumer Staples — 5.2%
Archer-Daniels-Midland Co		21,100		867
Bunge Ltd		10,800		611
Campbell Soup Co		10,500		493
JM Smucker Co/The		6,400		704
Keurig Dr Pepper Inc		19,700		538
Kroger Co/The		22,200		572
Nu Skin Enterprises Inc, Cl A		2,000		85

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Pilgrim’s Pride Corp *		17,600	$	564
Spectrum Brands Holdings Inc		718		38
Tyson Foods Inc, Cl A		12,200		1,051
				5,523
Energy — 2.4%
Continental Resources Inc/OK, Cl A		12,700		391
Devon Energy Corp		4,600		111
Dorian LPG Ltd *		3,800		39
HollyFrontier Corp		14,200		762
Marathon Oil Corp		24,500		301
Matrix Service Co *		5,100		87
ONEOK Inc		11,100		818
World Fuel Services Corp		900		36
				2,545
Financials — 11.6%
Affiliated Managers Group Inc		4,800		400
Ally Financial Inc		8,900		295
American Financial Group Inc/OH		4,800		518
Ameriprise Financial Inc		6,600		971
Annaly Capital Management Inc ‡		45,100		397
CIT Group Inc		9,300		421
Citizens Financial Group Inc		23,100		817
CNA Financial Corp		11,200		552
Discover Financial Services		9,500		770
FGL Holdings		7,200		58
Fifth Third Bancorp		30,500		835
Invesco Ltd		31,500		534
Jefferies Financial Group Inc		28,700		528
KeyCorp		1,700		30
Lincoln National Corp		7,800		471
Loews Corp		13,500		695
LPL Financial Holdings Inc		8,000		655
Navient Corp		39,900		511
OneMain Holdings Inc, Cl A		14,700		539
Popular Inc		4,000		216
Raymond James Financial Inc		3,200		264
Reinsurance Group of America Inc, Cl A		700		112
Synchrony Financial		12,300		419
T Rowe Price Group Inc		5,100		583
Unum Group		14,800		440
Western Asset Mortgage Capital Corp ‡		7,300		70
Wintrust Financial Corp		2,600		168
				12,269
Health Care — 10.9%
Agilent Technologies Inc		8,100		621
Alexion Pharmaceuticals Inc *		3,600		353
AmerisourceBergen Corp, Cl A		7,700		634
Centene Corp *		16,600		718
Cerner Corp		12,200		832

1 SEI Institutional Managed Trust / Annual Report / September 30, 2019

SCHEDULE OF INVESTMENTS

Mid-Cap Fund (Continued)

September 30, 2019

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Charles River Laboratories International Inc *		1,800	$	238
Cooper Cos Inc/The, Cl A		2,500		742
Danaher Corp, Cl A		1,100		159
DENTSPLY SIRONA Inc		5,000		267
Hologic Inc *		15,200		767
IDEXX Laboratories Inc *		900		245
Incyte Corp *		11,000		817
IQVIA Holdings Inc *		6,400		956
Jazz Pharmaceuticals PLC *		1,000		128
Mettler-Toledo International Inc *		140		99
Mylan NV *		22,600		447
Neurocrine Biosciences Inc *		700		63
PRA Health Sciences Inc *		800		79
STERIS PLC		5,300		766
Universal Health Services Inc, Cl B		400		59
Veeva Systems Inc, Cl A *		4,800		733
West Pharmaceutical Services Inc		5,200		737
Zimmer Biomet Holdings Inc		7,300		1,002
				11,462
Industrials — 13.7%
Allison Transmission Holdings Inc		5,900		278
AMETEK Inc		8,700		799
Arconic Inc		33,500		871
Atkore International Group Inc *		18,400		558
BMC Stock Holdings Inc *		18,800		492
Carlisle Cos Inc		4,600		669
CoStar Group Inc *		1,380		819
Cummins Inc		6,600		1,074
Dover Corp		5,500		548
EMCOR Group Inc		5,100		439
Gates Industrial Corp PLC *		20,900		210
GMS Inc *		7,900		227
HEICO Corp		500		62
Herc Holdings Inc *		1,000		46
Hubbell Inc, Cl B		3,700		486
Huntington Ingalls Industries Inc, Cl A		3,100		656
Ingersoll-Rand PLC		3,100		382
Knoll Inc, Cl B		3,300		84
L3Harris Technologies Inc		3,300		688
Macquarie Infrastructure Corp		4,900		193
Oshkosh Corp		8,100		614
PACCAR Inc		14,500		1,015
Spirit AeroSystems Holdings Inc, Cl A		8,200		674
Textron Inc		8,100		397
Timken Co/The		11,000		479
TransUnion		2,400		195
United Airlines Holdings Inc *		8,400		743
Universal Forest Products Inc		900		36
Vectrus Inc *		4,400		179
Wabash National Corp		4,600		67

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
WESCO International Inc *		11,300	$	540
				14,520
Information Technology — 17.5%
Anixter International Inc *		1,300		90
ANSYS Inc *		3,500		775
Booz Allen Hamilton Holding Corp, Cl A		11,500		817
CACI International Inc, Cl A *		1,900		439
Cadence Design Systems Inc *		7,300		482
CDW Corp/DE		8,500		1,048
Ciena Corp *		1,400		55
Dell Technologies Inc, Cl C *		11,526		598
DXC Technology Co		14,200		419
EchoStar Corp, Cl A *		3,000		119
F5 Networks Inc, Cl A *		4,600		646
Fiserv Inc, Cl A *		600		62
FleetCor Technologies Inc *		3,400		975
Fortinet Inc *		10,800		829
Genpact Ltd		5,500		213
Hewlett Packard Enterprise Co		31,300		475
Itron Inc *		5,100		377
Jabil Inc		2,700		97
Keysight Technologies Inc *		8,900		866
Lam Research Corp		4,900		1,132
Leidos Holdings Inc		10,500		902
LogMeIn Inc		6,300		447
Manhattan Associates Inc *		1,300		105
Nuance Communications Inc *		21,600		352
Paycom Software Inc *		3,000		628
Perspecta Inc		6,000		157
Presidio Inc		11,200		189
Qorvo Inc *		1,300		96
Rambus Inc *		2,700		35
SS&C Technologies Holdings Inc		13,600		701
Symantec Corp, Cl A		31,500		744
SYNNEX Corp		700		79
Synopsys Inc *		7,600		1,043
Ubiquiti Inc		2,000		237
Universal Display Corp		3,400		571
VeriSign Inc *		3,300		623
Xerox Holdings Corp		19,400		580
Zebra Technologies Corp, Cl A *		2,100		433
				18,436
Materials — 4.4%
CF Industries Holdings Inc		12,800		630
Corteva Inc		5,100		143
Freeport-McMoRan Inc, Cl B		5,600		54
Huntsman Corp		13,800		321
Koppers Holdings Inc *		3,100		90
LyondellBasell Industries NV, Cl A		400		36
Martin Marietta Materials Inc, Cl A		2,800		767

2 SEI Institutional Managed Trust / Annual Report / September 30, 2019

SCHEDULE OF INVESTMENTS

Mid-Cap Fund (Continued)

September 30, 2019

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Newmont Goldcorp Corp		3,800	$	144
Nucor Corp		3,800		193
Owens-Illinois Inc		13,200		136
Steel Dynamics Inc		19,000		566
Trinseo SA		2,600		112
Vulcan Materials Co		5,900		892
Westrock Co		15,300		558
				4,642
Real Estate — 9.8%
Apartment Investment & Management Co, Cl A ‡		2,700		141
Apple Hospitality Inc ‡		37,300		618
Armada Hoffler Properties Inc ‡		4,700		85
Braemar Hotels & Resorts Inc ‡		2,500		23
Brandywine Realty Trust ‡		3,900		59
Brixmor Property Group Inc ‡		8,600		175
Camden Property Trust ‡		5,400		599
CBRE Group Inc, Cl A *‡		18,300		970
CoreCivic Inc ‡		25,500		441
CorePoint Lodging Inc ‡		3,700		37
DiamondRock Hospitality Co ‡		17,900		183
Empire State Realty Trust Inc, Cl A ‡		11,400		163
Equity Residential ‡		7,900		681
Essex Property Trust Inc ‡		300		98
Franklin Street Properties Corp ‡		14,500		123
GEO Group Inc/The ‡		31,750		551
Host Hotels & Resorts Inc ‡		38,000		657
Hudson Pacific Properties Inc ‡		3,800		127
Jones Lang LaSalle Inc		3,800		528
Kite Realty Group Trust		6,000		97
Newmark Group Inc, Cl A ‡		22,851		207
Park Hotels & Resorts Inc ‡		9,246		231
Retail Properties of America Inc, Cl A ‡		16,300		201
Ryman Hospitality Properties Inc ‡		5,300		434
SBA Communications Corp, Cl A ‡		3,200		772
Senior Housing Properties Trust ‡		7,900		73
UDR Inc ‡		2,200		107
Ventas Inc ‡		13,000		949
VEREIT Inc ‡		83,000		812
Xenia Hotels & Resorts Inc ‡		11,200		237
				10,379
Utilities — 6.0%
AES Corp/VA		42,700		698
American Water Works Co Inc		4,400		547
Avangrid Inc		7,100		371
CenterPoint Energy Inc		4,900		148
Entergy Corp		2,100		246
FirstEnergy Corp		11,000		531
MDU Resources Group Inc		1,500		42
NRG Energy Inc		20,800		824

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
PPL Corp		10,000	$	315
Public Service Enterprise Group Inc		16,400		1,018
Sempra Energy		1,900		280
UGI Corp		14,900		749
Vistra Energy Corp		19,600		524
				6,293
Total Common Stock (Cost $95,187) ($ Thousands)				102,430
CASH EQUIVALENT — 3.0%
SEI Daily Income Trust, Government Fund, Cl F 1.800%**†		3,143,461		3,143
Total Cash Equivalent (Cost $3,143) ($ Thousands)				3,143
Total Investments in Securities — 100.0% (Cost $98,330) ($ Thousands)			$	105,573

Percentages are based on Net Assets of $105,600 ($ Thousands).

* Non-income producing security.

** Rate shown is the 7-day effective yield as of September 30, 2019.

^‡  Real Estate Investment Trust.

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

Cl — Class

Ltd. — Limited

As of September 30, 2019, 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, 2019, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the year ended September 30, 2019, there were no transfers between Level 2 and Level 3 assets and liabilities.

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

3 SEI Institutional Managed Trust / Annual Report / September 30, 2019

SCHEDULE OF INVESTMENTS

Mid-Cap Fund (Concluded)

September 30, 2019

The following is a summary of the Fund’s transactions with affiliates for the year ended September 30, 2019 ($ Thousands):

Security Description	Value 9/30/2018			Purchases at Cost			Proceeds from Sales				Realized Gain/ (Loss)			Change in Unrealized Appreciation/ (Depreciation)			Value 9/30/2019			Shares		Income			Capital Gains
SEI Liquidity Fund, L.P.		$	—		$	1,664		$	(1,664	)		$	—		$	—		$	—		—		$	4		$	—
SEI Daily Income Trust, Government Fund, Cl F			5,637			39,171			(41,665	)			—			—			3,143		3,143,461			80			—
Totals		$	5,637		$	40,835		$	(43,329	)		$	—		$	—		$	3,143		3,143,461		$	84		$	—

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

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

4 SEI Institutional Managed Trust / Annual Report / September 30, 2019

SCHEDULE OF INVESTMENTS

U.S. Managed Volatility Fund

September 30, 2019

Description	Shares		Market Value ($ Thousands)
COMMON STOCK — 97.3%
Communication Services — 8.1%
AT&T Inc		560,800	$	21,221
BCE Inc		82,400		3,988
Cable One Inc		8,988		11,277
CBS Corp, Cl B		19,845		801
China Mobile ADR		75,300		3,117
Cinemark Holdings Inc		224,103		8,659
Comcast Corp, Cl A		370,900		16,720
Emerald Expositions Events		44,683		435
Fluent Inc *		71,097		195
IAC/InterActiveCorp *		18,489		4,030
IDT Corp, Cl B *		9,395		99
John Wiley & Sons Inc, Cl A		20,648		907
Liberty Latin America Ltd, Cl A *		13,661		233
Madison Square Garden Co/The *		29,299		7,721
MSG Networks *		38,014		617
NTT DOCOMO Inc ADR		184,500		4,708
Omnicom Group Inc		177,943		13,933
SK Telecom Co Ltd ADR		191,000		4,240
TELUS		201,700		7,183
Verizon Communications		582,177		35,140
Walt Disney Co		24,183		3,152
				148,376
Consumer Discretionary — 7.2%
1-800-Flowers.com Inc, Cl A *		5,638		83
Aaron’s Inc		9,613		618
AutoZone Inc *		19,300		20,933
Bassett Furniture Industries Inc		2,057		32
Booking Holdings Inc *		1,420		2,787
Bright Horizons Family Solutions Inc *		24,828		3,786
Callaway Golf Co		10,248		199
Canadian Tire Corp Ltd, Cl A		45,600		5,120
Cavco Industries Inc *		2,080		400
Cheesecake Factory		28,036		1,169
Churchill Downs Inc		7,993		987
Chuy’s Holdings Inc *		3,357		83
Collectors Universe Inc		8,783		250
Cracker Barrel Old Country Store Inc		15,777		2,566
Darden Restaurants Inc		2		—
Del Taco Restaurants Inc *		26,530		271
eBay Inc		215,623		8,405
Ford Motor Co		846,900		7,758
Fox Factory Holding Corp *		14,617		910
Gentex Corp		49,546		1,364
Graham Holdings Co, Cl B		2,245		1,489
Grand Canyon Education Inc *		26,471		2,599
H&R Block Inc		298,670		7,055
Kohl’s Corp		89,800		4,459
MasterCraft Boat Holdings Inc *		7,893		118
NVR Inc *		1,421		5,282
PetMed Express Inc		27,124		489

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Regis Corp *		4,526	$	92
Ruth’s Hospitality Group Inc		12,483		255
ServiceMaster Global Holdings Inc *		4,516		252
Six Flags Entertainment Corp		45,703		2,321
Target Corp, Cl A		320,200		34,233
Toyota Motor Corp ADR		57,700		7,760
Tupperware Brands Corp		21,812		346
Ulta Beauty Inc *		26,795		6,716
Wingstop Inc, Cl A		6,126		535
				131,722
Consumer Staples — 12.8%
Altria Group Inc		385,284		15,758
Calavo Growers Inc		10,499		999
Cal-Maine Foods Inc *		19,205		767
Campbell Soup Co		179,200		8,408
Clorox Co/The		55,472		8,425
Coca-Cola Co/The		277,127		15,087
Colgate-Palmolive Co		116,990		8,600
Costco Wholesale Corp		36,064		10,390
Flowers Foods Inc		220,441		5,099
Freshpet Inc *		12,176		606
General Mills Inc		76,029		4,191
Hershey Co/The		84,328		13,070
Hostess Brands Inc, Cl A *		45,482		636
Ingredion Inc		55,800		4,561
J&J Snack Foods Corp		5,929		1,138
JM Smucker Co/The		146,711		16,141
John B Sanfilippo & Son		2,697		260
Kellogg Co		70,100		4,511
Kimberly-Clark Corp		36,000		5,114
Kroger Co/The		524,000		13,509
Lamb Weston Holdings Inc		101,568		7,386
Lancaster Colony Corp		10,814		1,499
MGP Ingredients Inc		10,044		499
PepsiCo Inc		101,667		13,939
Performance Food Group *		27,054		1,245
Philip Morris International Inc		83,767		6,360
Simply Good Foods Co/The *		3,784		110
Sysco Corp, Cl A		113,477		9,010
Tootsie Roll Industries Inc		10,276		382
Tyson Foods Inc, Cl A		267,250		23,021
Universal Corp/VA		14,233		780
Walgreens Boots Alliance Inc		205,400		11,361
Walmart Inc		187,800		22,288
				235,150
Energy — 2.4%
Arch Coal Inc		6,779		503
Baker Hughes a GE Co, Cl A		69,870		1,621
Cactus Inc, Cl A *		15,042		435
Chevron Corp		97,600		11,575

1 SEI Institutional Managed Trust / Annual Report / September 30, 2019

SCHEDULE OF INVESTMENTS

U.S. Managed Volatility Fund (Continued)

September 30, 2019

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
ConocoPhillips		9,766	$	557
Evolution Petroleum Corp		5,652		33
Exxon Mobil Corp		110,500		7,803
NACCO Industries Inc, Cl A		3,335		213
Par Pacific Holdings Inc *		52,627		1,203
Phillips 66		122,600		12,554
REX American Resources Corp *		2,450		187
Valero Energy Corp		96,200		8,200
				44,884
Financials — 16.1%
ACNB Corp		966		33
Aflac Inc		402,300		21,048
AGNC Investment Corp ‡		235,405		3,788
Allstate Corp/The		253,100		27,507
American Financial Group Inc/OH		177,246		19,116
American National Insurance Co		8,132		1,006
Annaly Capital Management Inc ‡		1,479,500		13,020
Apollo Commercial Real Estate Finance Inc ‡		230,444		4,418
Arch Capital Group Ltd *		217,323		9,123
Ares Commercial Real Estate Corp ‡		3,513		54
ARMOUR Residential REIT Inc ‡		39,034		654
Assured Guaranty Ltd		131,800		5,860
B. Riley Financial Inc		7,659		181
Bank of NT Butterfield & Son Ltd/The		42,948		1,273
Baycom Corp *		6,069		138
BB&T Corp		151,500		8,086
BCB Bancorp Inc		10,338		133
Berkshire Hathaway Inc, Cl B *		112,100		23,319
Blackstone Mortgage Trust Inc, Cl A ‡		34,234		1,227
Brown & Brown Inc		10,119		365
Cannae Holdings Inc *		2,601		71
Capitol Federal Financial Inc		35,726		492
Cboe Global Markets Inc		106,200		12,203
Century Bancorp Inc/MA, Cl A		1,374		120
Chimera Investment Corp ‡		367,972		7,198
Civista Bancshares Inc		4,479		97
CME Group Inc		64,757		13,686
CNA Financial Corp		79,700		3,925
Community Bankers Trust Corp		17,908		154
Community Financial		206		7
Crawford & Co, Cl A		3,960		43
Dynex Capital Inc ‡		1		—
Employers Holdings Inc		2,258		98
Enstar Group Ltd *		1,710		325
Essent Group Ltd		13,541		645
Evans Bancorp Inc		2,900		108
Exantas Capital Corp ‡		18,438		210
FactSet Research Systems Inc		5,140		1,249
FBL Financial Group Inc, Cl A		3,491		208
FGL Holdings		27,366		218
Fifth Third Bancorp		158,300		4,334

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
First American Financial Corp		76,300	$	4,502
First Bancshares Inc/The		1,681		54
First Business Financial Services Inc		2,957		71
First Northwest Bancorp		4,769		83
Genworth MI Canada Inc		71,000		2,821
Global Indemnity Ltd		1,290		32
Granite Point Mortgage Trust Inc ‡		27,929		523
Hanover Insurance Group Inc/The, Cl A		581		79
Hartford Financial Services Group Inc/The		69,100		4,188
HomeTrust Bancshares Inc		3,124		81
Horace Mann Educators Corp, Cl A		5,240		243
Houlihan Lokey Inc, Cl A		14,726		664
Independent Bank Corp/MI		1,552		33
Invesco Mortgage Capital Inc ‡		25,452		390
Investar Holding Corp		965		23
JPMorgan Chase & Co		48,400		5,696
Kinsale Capital Group Inc		9,511		983
KKR Real Estate Finance Trust Inc ‡		7,106		139
Loblaw Cos Ltd		110,700		6,309
MarketAxess Holdings Inc		25,400		8,318
Mercury General Corp		14,114		789
MFA Financial Inc ‡		1,495,594		11,008
Moelis & Co, Cl A		307		10
Morningstar Inc, Cl A		16,417		2,399
National Bank of Canada		145,500		7,244
National General Holdings Corp		3,563		82
Nicolet Bankshares Inc *		6,867		457
Northeast Bank		25,120		557
Ohio Valley Banc Corp		1,779		65
Old Line Bancshares Inc		14,987		435
Old Republic International Corp		25,909		611
Old Second Bancorp Inc		2,501		31
Orrstown Financial Services Inc		7,370		161
Parke Bancorp Inc		3,024		67
PCSB Financial Corp		20,853		417
Peoples Bancorp of North Carolina		595		18
PNC Financial Services Group Inc/The		52,911		7,416
Popular Inc		32,958		1,782
Preferred Bank/Los Angeles CA		1,167		61
Premier Financial Bancorp Inc		9,395		161
Progressive Corp/The		95,800		7,401
Ready Capital Corp ‡		31,292		498
Reinsurance Group of America Inc, Cl A		23,900		3,821
Riverview Bancorp Inc		15,930		118
Safety Insurance Group Inc		6,911		700
Southern National Bancorp of Virginia Inc		12,979		200
Starwood Property Trust Inc ‡		343,145		8,311
Stock Yards Bancorp Inc		1,188		44
TFS Financial Corp		35,101		633
Third Point Reinsurance Ltd *		69,515		694
Timberland Bancorp Inc/WA		15,155		417
TPG RE Finance Trust Inc ‡		40,290		799

2 SEI Institutional Managed Trust / Annual Report / September 30, 2019

SCHEDULE OF INVESTMENTS

U.S. Managed Volatility Fund (Continued)

September 30, 2019

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Travelers Cos Inc/The		38,200	$	5,680
TriCo Bancshares		1,247		45
United Security Bancshares/Fresno CA		938		10
Unity Bancorp		2,310		51
US Bancorp		172,500		9,546
Veritex Holdings Inc		32,249		783
Virtu Financial Inc, Cl A		66,355		1,086
Waterstone Financial Inc		2,907		50
WR Berkley Corp		4,762		344
				295,974
Health Care — 9.0%
AbbVie Inc		100,800		7,633
Accuray Inc *		18,824		52
Amgen Inc, Cl A		39,400		7,624
Amphastar Pharmaceuticals Inc *		20,821		413
Anika Therapeutics Inc *		14,378		789
Anthem Inc		7,527		1,807
Bio-Rad Laboratories Inc, Cl A *		30,258		10,068
Bristol-Myers Squibb Co		122,500		6,212
CareDx Inc *		4,447		101
Chemed Corp		3,538		1,477
Computer Programs & Systems Inc		2,127		48
Dova Pharmaceuticals Inc *		8,193		229
Eli Lilly & Co		76,100		8,510
Emergent BioSolutions Inc *		7,254		379
Enzo Biochem Inc *		36,914		133
Gilead Sciences Inc		59,000		3,739
Haemonetics Corp *		8,613		1,087
HCA Healthcare Inc		94,000		11,320
Johnson & Johnson		223,100		28,865
LeMaitre Vascular Inc		25,195		861
Merck & Co Inc		411,701		34,657
Meridian Bioscience Inc *		11,730		111
Myriad Genetics Inc *		13,690		392
Pfizer Inc		754,300		27,102
Phibro Animal Health Corp, Cl A		24,014		512
Prestige Consumer Healthcare Inc, Cl A *		12,857		446
Quest Diagnostics Inc		12,429		1,330
Sanofi ADR		61,600		2,854
US Physical Therapy Inc		2,467		322
Veracyte Inc *		1,648		40
West Pharmaceutical Services Inc		44,144		6,261
Zynex Inc *		18,533		176
				165,550
Industrials — 10.0%
Allison Transmission Holdings Inc		215,300		10,130
BWX Technologies Inc, Cl W		98,731		5,648
Carlisle Cos Inc		34,954		5,087
Comfort Systems USA Inc		4,507		199
Cummins Inc		31,600		5,140

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Curtiss-Wright Corp		27,683	$	3,581
Eaton Corp PLC		137,400		11,425
Expeditors International of Washington Inc		23,473		1,744
Forrester Research Inc *		5,899		190
General Dynamics Corp		8,579		1,568
HEICO Corp, Cl A		19,699		1,917
Heidrick & Struggles International Inc		2,695		74
Honeywell International Inc		33,106		5,602
Huntington Ingalls Industries Inc, Cl A		54,205		11,480
Insperity Inc, Cl A		10,979		1,083
Lawson Products Inc/DE *		1,300		50
Lockheed Martin Corp		31,465		12,273
Luxfer Holdings PLC		6,555		102
MSC Industrial Direct Co Inc, Cl A		12,220		886
National Presto Industries		7,018		625
Omega Flex Inc		2,851		291
Raytheon Co		117,901		23,131
Republic Services Inc		383,306		33,175
SP Plus Corp *		1,208		45
Toro Co/The		83,447		6,117
United Technologies Corp		66,500		9,079
Vectrus Inc *		17,784		723
Waste Management Inc		290,020		33,352
				184,717
Information Technology — 14.1%
Amdocs Ltd		540,205		35,713
Appfolio Inc, Cl A *		1,355		129
Apple Inc		40,600		9,093
Automatic Data Processing Inc		58,196		9,394
Avnet Inc		87,000		3,870
Booz Allen Hamilton Holding Corp, Cl A		164,651		11,694
CACI International Inc, Cl A *		1,386		321
Canon Inc ADR		130,800		3,492
CDK Global Inc		276,121		13,279
CDW Corp/DE		37,815		4,660
Cisco Systems Inc		537,800		26,573
Corning Inc, Cl B		120,900		3,448
CSG Systems International Inc		6,102		315
Diodes Inc *		4,562		183
Ebix Inc		17,229		725
F5 Networks Inc, Cl A *		41,500		5,828
FLIR Systems Inc		49,796		2,619
Genpact Ltd		286,038		11,084
Intel Corp		440,000		22,673
International Business Machines Corp		90,300		13,132
Jack Henry & Associates Inc		8,332		1,216
ManTech International Corp/VA, Cl A		7,235		517
Maxim Integrated Products Inc		5,347		310
Motorola Solutions Inc		96,239		16,400
MTS Systems Corp, Cl A		6,845		378
National Instruments Corp		159,262		6,687

3 SEI Institutional Managed Trust / Annual Report / September 30, 2019

SCHEDULE OF INVESTMENTS

U.S. Managed Volatility Fund (Continued)

September 30, 2019

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
NVE Corp		2,484	$	165
Oracle Corp, Cl B		424,000		23,333
Paychex Inc		154,102		12,755
Perspecta Inc		5,323		139
PRGX Global Inc *		8,673		45
Science Applications International Corp		14,109		1,232
SecureWorks Corp, Cl A *		13,359		173
SPS Commerce Inc *		6,416		302
Sykes Enterprises Inc *		5,752		176
SYNNEX Corp		8,285		935
TTEC Holdings Inc		5,995		287
Western Union Co/The		715,900		16,587
				259,862
Materials — 3.7%
AptarGroup Inc		21,713		2,572
Ardagh Group SA, Cl A		42,071		660
Eastman Chemical Co		71,600		5,286
Ecolab Inc		60,266		11,935
Gold Resource Corp		161,019		491
Hawkins Inc		3,939		167
Materion Corp		2,815		173
NewMarket Corp		169		80
Newmont Goldcorp Corp		190,909		7,239
Reliance Steel & Aluminum Co		25,749		2,566
Royal Gold Inc, Cl A		79,509		9,796
Scotts Miracle-Gro Co/The, Cl A		2,584		263
Sealed Air Corp		165,200		6,858
Silgan Holdings Inc		165,800		4,980
Sonoco Products Co		197,220		11,480
Valvoline Inc		144,077		3,174
				67,720
Real Estate — 3.9%
American Tower Corp, Cl A ‡		24,570		5,433
Apple Hospitality Inc ‡		203,465		3,374
Brixmor Property Group Inc ‡		246,300		4,997
CareTrust REIT Inc ‡		7,633		179
CoreCivic Inc ‡		48,641		841
Gaming and Leisure Properties Inc ‡		239,900		9,174
GEO Group Inc/The ‡		17,610		305
Global Medical REIT Inc ‡		8,999		103
Hannon Armstrong Sustainable Infrastructure Capital Inc ‡		10,173		297
Mack-Cali Realty Corp ‡		24,647		534
National Health Investors Inc ‡		62,456		5,146
Omega Healthcare Investors Inc ‡		144,000		6,018
One Liberty Properties Inc ‡		2,004		55
Piedmont Office Realty Trust, Cl A ‡		273,000		5,700
PS Business Parks Inc ‡		10,142		1,845
Retail Properties of America Inc, Cl A ‡		413,000		5,088
RMR Group Inc/The, Cl A ‡		528		24

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Terreno Realty Corp ‡		36,552	$	1,868
VEREIT Inc ‡		907,500		8,875
VICI Properties Inc ‡		493,610		11,180
				71,036
Utilities — 10.0%
ALLETE		14,408		1,259
Ameren Corp		29,731		2,380
American Electric Power Co Inc		172,521		16,163
Atlantic Power Corp *		124,958		292
Avista Corp		21,867		1,059
CenterPoint Energy Inc		40,112		1,211
Chesapeake Utilities Corp		11,351		1,082
CMS Energy Corp		168,002		10,744
Consolidated Edison Inc		81,052		7,657
Dominion Energy Inc		13,202		1,070
DTE Energy Co		145,994		19,411
Edison International		89,800		6,773
Entergy Corp		176,000		20,655
Exelon Corp		520,300		25,136
FirstEnergy Corp		203,000		9,791
Hawaiian Electric Industries Inc		107,565		4,906
IDACORP Inc, Cl A		14,400		1,622
MGE Energy Inc		18,546		1,481
New Jersey Resources Corp		1,105		50
NextEra Energy Inc		27,503		6,408
Northwest Natural Holding Co		24,258		1,731
NorthWestern Corp		16,836		1,264
ONE Gas Inc		14,901		1,432
Pinnacle West Capital Corp		149,190		14,482
PNM Resources Inc		21,327		1,111
Portland General Electric Co		192,739		10,865
Public Service Enterprise Group Inc		73,500		4,563
Southwest Gas Holdings Inc		10,010		911
Spire		17,848		1,557
Unitil Corp		22,335		1,417
Xcel Energy Inc		73,619		4,777
				183,260
Total Common Stock (Cost $1,481,403) ($ Thousands)				1,788,251

4 SEI Institutional Managed Trust / Annual Report / September 30, 2019

SCHEDULE OF INVESTMENTS

U.S. Managed Volatility Fund (Concluded)

September 30, 2019

Description	Shares		Market Value ($ Thousands)
CASH EQUIVALENT — 2.4%
SEI Daily Income Trust, Government Fund, Cl F
1.800% **†		44,041,113	$	44,041
Total Cash Equivalent (Cost $44,041) ($ Thousands)				44,041
Total Investments in Securities — 99.7% (Cost $1,525,444) ($ Thousands)			$	1,832,292

A list of the open futures contracts held by the Fund at September 30, 2019, is as follows:

Type of Contract	Number of Contracts Long		Expiration Date		Notional Amount (Thousands)		Value (Thousands)		Unrealized Depreciation (Thousands)
S&P 500 Index E-MINI		162		Dec-2019	$	24,369	$	24,126	$	(243	)

Percentages are based on Net Assets of $1,838,132 ($ Thousands).

* Non-income producing security.

** Rate shown is the 7-day effective yield as of September 30, 2019.

^‡  Real Estate Investment Trust.

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

ADR — American Depositary Receipt

Cl — Class

Ltd — Limited

PLC — Public Limited Company

S&P — Standard & Poor’s

The following is a list of the level of inputs used as of September 30, 2019, 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		1,788,251			—		—		1,788,251
Cash Equivalent		44,041			—		—		44,041
Total Investments in Securities		1,832,292			—		—		1,832,292
Investments in Securities	Level 1 ($)			Level 2 ($)		Level 3 ($)		Total ($)
Futures Contracts *
Unrealized Depreciation		(243	)		—		—		(243	)
Total Other Financial Instruments		(243	)		—		—		(243	)

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

For the year ended September 30, 2019, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the year ended September 30, 2019, there were no transfers between Level 2 and Level 3 assets and liabilities.

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

The following is a summary of the Fund’s transactions with affiliates for the year ended September 30, 2019 ($ Thousands):

Security Description	Value 9/30/2018			Purchases at Cost			Proceeds from Sales				Realized Gain/(Loss)			Change in Unrealized Appreciation/ (Depreciation)			Value 9/30/2019			Shares		Income			Capital Gains
SEI Daily Income Trust, Government Fund, Cl F		$	28,046		$	545,510		$	(529,515	)		$	—		$	—		$	44,041		44,041,113		$	780		$	—

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

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

5 SEI Institutional Managed Trust / Annual Report / September 30, 2019

SCHEDULE OF INVESTMENTS

Global Managed Volatility Fund

September 30, 2019

Description	Shares		Market Value ($ Thousands)
COMMON STOCK — 97.7%
Australia — 3.4%
Alumina Ltd		632,161	$	1,010
Aurizon Holdings Ltd		718,932		2,861
Boral Ltd		480,478		1,565
Cochlear Ltd		16,764		2,353
Computershare Ltd		211,296		2,302
Crown Resorts Ltd		55,866		454
CSL Ltd		19,685		3,103
Evolution Mining Ltd		75,941		232
Flight Centre Travel Group Ltd		33,122		1,063
Fortescue Metals Group Ltd		565,628		3,357
Harvey Norman Holdings Ltd		90,443		276
Insurance Australia Group Ltd		78,170		417
Newcrest Mining Ltd		405,260		9,498
Regis Resources Ltd		136,357		451
Rio Tinto Ltd		114,449		7,153
South32 Ltd		308,968		546
Tabcorp Holdings Ltd		591,215		1,934
Telstra Corp Ltd, Cl B		2,028,143		4,801
Woolworths Group Ltd		24,171		608
				43,984
Austria — 0.4%
Agrana Beteiligungs AG		16,203		299
Erste Group Bank AG		24,712		817
EVN AG		17,488		308
Oberbank AG		594		62
Oesterreichische Post AG		38,992		1,369
Telekom Austria AG, Cl A		44,848		326
Verbund AG		39,403		2,156
				5,337
Belgium — 0.5%
Ageas		41,535		2,304
Colruyt SA		45,802		2,510
Proximus SADP		62,398		1,854
				6,668
Bermuda — 0.9%
Arch Capital Group Ltd *		66,836		2,806
Everest Re Group Ltd		15,050		4,005
RenaissanceRe Holdings Ltd		25,124		4,860
				11,671
Canada — 7.4%
Atco Ltd/Canada, Cl I		95,251		3,488
Automotive Properties Real Estate Investment Trust ‡		4,161		35
B2Gold Corp *		446,843		1,455
Bank of Montreal		93,917		6,922
BCE Inc		218,926		10,598
Canadian Imperial Bank of Commerce		17,668		1,459
Canadian Utilities Ltd, Cl A		127,486		3,760
Centerra Gold Inc *		238,633		2,029

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
CGI Inc, Cl A *		56,900	$	4,502
Constellation Software Inc/Canada		5,000		4,997
Cronos Group Inc *		15,200		137
CT Real Estate Investment Trust ‡		11,300		128
Detour Gold Corp *		123,463		1,814
Dundee Precious Metals Inc *		96,700		326
Emera Inc		63,300		2,781
Empire Co Ltd, Cl A		38,100		1,032
Fairfax Financial Holdings Ltd		6,000		2,647
George Weston Ltd		30,139		2,537
Gran Colombia Gold Corp *		17,200		65
Guyana Goldfields Inc *		103,600		74
H&R Real Estate Investment Trust		113,400		1,981
Hydro One Ltd		35,600		658
IGM Financial Inc		1,900		54
IMAX Corp *		1,800		40
Kinross Gold Corp *		487,500		2,246
Kirkland Lake Gold Ltd		133,554		5,987
Loblaw Cos Ltd		87,500		4,987
Metro Inc/CN, Cl A		35,600		1,568
Morguard Real Estate Investment Trust ‡		5,637		50
National Bank of Canada		38,200		1,902
OceanaGold Corp		461,397		1,206
Open Text Corp		57,000		2,326
Osisko Gold Royalties Ltd		163,100		1,516
Power Financial Corp		49,700		1,153
RioCan Real Estate Investment Trust ‡		142,000		2,829
Rogers Communications Inc, Cl B		135,100		6,585
Roxgold Inc *		46,300		37
Royal Bank of Canada		58,300		4,732
SEMAFO Inc *		132,009		424
Shaw Communications Inc, Cl B		7,000		138
SmartCentres Real Estate Investment Trust ‡		30,900		758
SSR Mining Inc *		54,437		790
Stantec Inc		3,900		86
TELUS Corp		3,100		110
Teranga Gold Corp *		19,600		72
Torex Gold Resources Inc *		87,374		1,084
True North Commercial Real Estate Investment Trust ‡		15,900		83
				94,188
Denmark — 0.8%
Carlsberg A/S, Cl B		66,759		9,870
H Lundbeck A/S, Cl H		3		—
				9,870
Finland — 0.2%
Orion OYJ, Cl B		64,192		2,395
France — 1.3%
Aeroports de Paris, Cl A		1,154		206
Caisse Regionale de Credit Agricole Mutuel Nord de France		453		14

1 SEI Institutional Managed Trust / Annual Report / September 30, 2019

SCHEDULE OF INVESTMENTS

Global Managed Volatility Fund (Continued)

September 30, 2019

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Dassault Aviation SA		128	$	181
Engie SA		280,727		4,585
Eutelsat Communications SA		107,660		2,004
Orange SA		80,612		1,265
SCOR SE		6,564		271
Veolia Environnement SA		330,071		8,370
				16,896
Germany — 1.5%
adidas AG		19,855		6,183
Carl Zeiss Meditec AG		2,643		302
Deutsche Telekom AG		359,122		6,027
Fraport AG Frankfurt Airport Services Worldwide		1,013		86
McKesson Europe AG		874		25
METRO AG		225,337		3,557
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen		5,594		1,448
MVV Energie AG		2,427		70
RHOEN-KLINIKUM AG		27,193		609
RTL Group SA (A)		15,264		734
				19,041
Guernsey — 0.3%
Amdocs Ltd		52,141		3,447
Hong Kong — 4.0%
ASM Pacific Technology Ltd		94,600		1,155
CK Hutchison Holdings Ltd		79,000		697
CK Infrastructure Holdings Ltd		667,000		4,488
CLP Holdings Ltd, Cl B		1,496,656		15,722
HK Electric Investments & HK Electric Investments Ltd		1,783,500		1,699
HKT Trust & HKT Ltd		4,015,000		6,371
Hong Kong & China Gas Co Ltd		896,500		1,747
Hysan Development Co Ltd		56,000		226
Langham Hospitality Investments and Langham Hospitality Investments Ltd ‡		425,500		118
Link ‡		656,500		7,240
Miramar Hotel & Investment		49,000		92
MTR Corp Ltd		609,000		3,418
PCCW Ltd		1,634,000		917
Power Assets Holdings Ltd		376,500		2,528
Regal Hotels International Holdings Ltd		378,000		200
Techtronic Industries Co Ltd		199,000		1,385
Vitasoy International Holdings Ltd		258,000		1,045
Yue Yuen Industrial Holdings Ltd		593,500		1,624
				50,672
Ireland — 0.1%
Jazz Pharmaceuticals PLC *		11,545		1,479
Israel — 1.8%
Bank Hapoalim BM		889,418		7,015
Bank Leumi Le-Israel BM		1,518,135		10,803

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
FIBI Holdings Ltd		1,678	$	54
Israel Discount Bank Ltd, Cl A		1,058,914		4,653
Isras Investment Co Ltd		193		40
Mediterranean Towers Ltd		19,905		53
Rami Levy Chain Stores Hashikma Marketing 2006 Ltd		624		35
				22,653
Italy — 0.6%
A2A SpA		231,648		425
Assicurazioni Generali SpA		63,769		1,236
Enel SpA		292,187		2,183
Hera SpA		610,398		2,506
Iren SpA		535,412		1,562
Orsero SpA		4,900		34
				7,946
Japan — 10.2%
ABC-Mart Inc, Cl H		27,400		1,742
Aeon Hokkaido Corp		41,700		290
AEON REIT Investment Corp ‡		400		551
Ahjikan Co Ltd		2,176		15
Ajinomoto Co Inc		24,500		462
Alpen Co Ltd		12,369		195
Amiyaki Tei Co Ltd		900		29
Aohata Corp		2,900		64
Araya Industrial Co Ltd		2,600		35
Arcland Sakamoto Co Ltd		3,713		43
Astellas Pharma Inc		120,200		1,711
Atsugi Co Ltd		11,750		91
Can Do Co Ltd		4,000		60
Canon Inc		144,500		3,854
C’BON COSMETICS Co Ltd		1,100		24
Chubu Electric Power Co Inc		76,200		1,103
Chugoku Electric Power Co Inc/The		49,092		631
Chukyo Bank Ltd/The		1,700		33
Computer Institute of Japan Ltd		14,700		113
Create Medic Co Ltd		6,200		56
Daiwa Office Investment Corp ‡		11		85
DCM Holdings Co Ltd		35,700		350
DyDo Group Holdings Inc		35,090		1,430
EDION Corp		3,000		29
FALCO HOLDINGS Co Ltd		3,400		51
Frontier Real Estate Investment Corp ‡		166		707
Fujiya Co Ltd		19,300		363
Fukuoka REIT Corp ‡		38		65
G-7 Holdings Inc, Cl 7		8,767		247
Hitachi Ltd		8,541		318
Hokkaido Electric Power Co Inc		5,600		29
Hokkaido Gas Co Ltd		5,200		73
Hoya Corp		52,900		4,317
Ichigo Hotel REIT Investment Corp ‡		249		298

2 SEI Institutional Managed Trust / Annual Report / September 30, 2019

SCHEDULE OF INVESTMENTS

Global Managed Volatility Fund (Continued)

September 30, 2019

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Industrial & Infrastructure Fund Investment Corp ‡		229	$	329
Itochu-Shokuhin Co Ltd		2,003		81
Japan Excellent Inc ‡		611		997
Japan Logistics Fund Inc ‡		228		564
Japan Oil Transportation Co Ltd		2,100		55
Japan Post Bank Co Ltd		122,300		1,185
Japan Post Holdings Co Ltd		924,500		8,511
Japan Prime Realty Investment Corp, Cl A ‡		121		574
Japan Rental Housing Investments Inc ‡		888		818
Japan Retail Fund Investment Corp, Cl A		189		400
Japan Tobacco Inc		192,900		4,223
J-Oil Mills Inc		1,400		53
Kadoya Sesame Mills Inc		879		29
Kakaku.com Inc		70,400		1,731
Kaken Pharmaceutical Co Ltd		800		37
Kakiyasu Honten Co Ltd		8,310		162
Kato Sangyo Co Ltd		29,100		902
KDDI Corp		365,900		9,564
Kenedix Retail REIT Corp ‡		351		879
Key Coffee Inc		1,300		26
KFC Holdings Japan Ltd		1,300		28
King Jim Co Ltd		13,600		106
Kohnan Shoji Co Ltd		37,946		838
Konica Minolta Inc		262,200		1,824
Kurimoto Ltd		4,600		64
Kyokuyo Co Ltd		8,000		206
KYORIN Holdings Inc		104,700		1,733
Kyushu Electric Power Co Inc		102,300		966
Kyushu Railway Co		88,800		2,831
LaSalle Logiport REIT ‡		43		62
Marimo Regional Revitalization REIT Inc ‡		31		36
Marubeni Corp		165,700		1,100
McDonald’s Holdings Co Japan Ltd		10,300		498
Medipal Holdings Corp		118,800		2,645
Mitsubishi Estate Logistics REIT Investment Corp ‡		113		360
Mitsubishi Tanabe Pharma Corp		44,400		487
Mitsui & Co Ltd		77,100		1,261
Miyoshi Oil & Fat Co Ltd		16,300		177
Mizuho Financial Group Inc		6,066,100		9,295
Mochida Pharmaceutical Co Ltd		8,600		329
Mori Trust Sogo Reit Inc ‡		681		1,221
Morozoff Ltd		1,100		50
MS&AD Insurance Group Holdings Inc		40,400		1,308
Musashi Co Ltd		2,400		43
Nagoya Railroad Co Ltd		8,300		248
Nakayama Steel Works Ltd		6,300		26
Nippon BS Broadcasting Corp		1,700		17
Nippon Building Fund Inc		97		745
Nippon Express Co Ltd		7,300		372
Nippon Flour Mills Co Ltd		73,334		1,146

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Nippon Kanzai Co Ltd		4,500	$	78
Nippon Telegraph & Telephone Corp		198,600		9,475
Nisshin Oillio Group Ltd/The		21,352		670
NJS Co Ltd		2,600		41
NTT DOCOMO Inc		396,400		10,098
Ohsho Food Service Corp		9,200		595
Okinawa Cellular Telephone Co		800		26
Okinawa Electric Power Co Inc/The		66,112		1,040
Ooedo Onsen Reit Investment Corp ‡		36		31
Oracle Corp Japan		46,700		4,049
Orix JREIT Inc ‡		108		236
Otsuka Corp		1,800		72
OUG Holdings Inc		3,000		76
Premier Investment Corp ‡		337		495
Rhythm Watch Co Ltd		1,900		18
Ricoh Co Ltd		298,200		2,685
San Holdings Inc		3,800		38
Sankyo Co Ltd		13,500		464
Seven & i Holdings Co Ltd		124,900		4,775
SG Holdings Co Ltd		64,000		1,566
Shofu Inc		6,400		88
Showa Sangyo Co Ltd		5,700		162
SKY Perfect JSAT Holdings Inc		20,400		82
Softbank Corp		124,000		1,680
SRS Holdings Co Ltd		7,800		74
St Marc Holdings Co Ltd		3,200		70
Star Asia Investment Corp ‡		453		489
Starts Proceed Investment Corp, Cl A ‡		264		503
Step Co Ltd		4,400		58
Sumitomo Mitsui Financial Group Inc		53,100		1,815
Taiko Pharmaceutical Co Ltd		19,400		443
Ten Allied Co Ltd *		5,900		24
Toho Holdings Co Ltd		53,700		1,243
Tohoku Electric Power Co Inc		76,700		748
Tokyo Electric Power Co Holdings Inc *		603,100		2,952
Tokyo Theatres Co Inc ‡		2,100		27
Tokyu Recreation Co Ltd		800		37
Tokyu REIT Inc ‡		163		310
Tosei Reit Investment Corp ‡		160		204
Toyo Suisan Kaisha Ltd		19,000		761
Unicafe Inc		6,400		59
Vital KSK Holdings Inc		59,400		575
XYMAX REIT Investment Corp ‡		129		156
Yamada Denki Co Ltd		174,100		843
Yashima Denki Co Ltd		4,366		35
				130,572
Netherlands — 0.0%
ABN AMRO Bank NV		26,083		460
New Zealand — 1.7%
Abano Healthcare Group Ltd		3,951		12
Argosy Property Ltd ‡		271,927		250

3 SEI Institutional Managed Trust / Annual Report / September 30, 2019

SCHEDULE OF INVESTMENTS

Global Managed Volatility Fund (Continued)

September 30, 2019

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Arvida Group Ltd		42,943	$	40
Auckland International Airport Ltd		111,043		637
Chorus Ltd		24,980		79
Contact Energy Ltd		956,943		5,124
EBOS Group Ltd		8,245		129
Fisher & Paykel Healthcare Corp Ltd		496,481		5,386
Fletcher Building Ltd		431,996		1,395
Goodman Property Trust		891,980		1,239
Kathmandu Holdings Ltd		27,874		53
Kiwi Property Group Ltd ‡		830,040		869
Mainfreight Ltd		3,460		87
Mercury NZ Ltd		458,055		1,439
Metlifecare Ltd		42,312		118
Oceania Healthcare Ltd		96,389		62
Property for Industry Ltd ‡		117,025		176
Restaurant Brands New Zealand Ltd		32,005		227
Ryman Healthcare Ltd		98,498		821
Sanford Ltd/NZ		10,470		45
Spark New Zealand Ltd		1,243,840		3,440
Stride Property Group ‡		82,207		120
Summerset Group Holdings Ltd		3,192		13
Trustpower Ltd		30,153		156
Vector Ltd		94,500		213
Vital Healthcare Property Trust ‡		17,234		29
Warehouse Group Ltd/The		38,887		61
				22,220
Norway — 1.7%
Mowi ASA		50,189		1,159
Olav Thon Eiendomsselskap ASA ‡		1,713		27
Orkla ASA		1,121,459		10,215
Telenor ASA		509,045		10,228
				21,629
Portugal — 0.1%
REN - Redes Energeticas Nacionais SGPS SA		426,813		1,191
Singapore — 1.2%
Ascendas Real Estate Investment Trust ‡		1,173,300		2,647
CapitaLand Commercial Trust		708,100		1,060
CapitaLand Mall Trust ‡		2,038,300		3,877
ComfortDelGro Corp Ltd		672,000		1,166
Fraser and Neave Ltd		20,400		26
IREIT Global ‡		88,100		48
Jardine Matheson Holdings Ltd		3,608		193
SATS Ltd		315,400		1,104
Sheng Siong Group Ltd		1,008,196		809
Singapore Airlines Ltd		800		5
Singapore Exchange Ltd		193,600		1,186
Singapore Press Holdings Ltd		110,500		166
Singapore Technologies Engineering Ltd		381,800		1,060
SPH REIT ‡		614,603		484
Venture Corp Ltd		24,900		276

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Yangzijiang Shipbuilding Holdings Ltd		2,581,000	$	1,792
				15,899
Spain — 0.0%
Bankinter SA		26,010		164
Iberdrola SA		2,450		26
				190
Sweden — 1.7%
AAK AB		25,540		496
Axfood AB		308,875		6,569
ICA Gruppen AB		286,289		13,243
Industrivarden AB, Cl C		2,700		59
Swedish Match AB		30,972		1,282
				21,649
Switzerland — 5.7%
Allreal Holding AG, Cl A		17,384		3,344
BKW AG		15,320		1,139
Chocoladefabriken Lindt & Spruengli AG		440		3,629
Emmi AG		95		78
Intershop Holding AG		178		96
Lastminute.com NV *		1,582		61
Nestle SA		100,371		10,899
Novartis AG		98,011		8,506
Orior AG		749		64
Plazza AG ‡		133		34
PSP Swiss Property AG		15,995		2,032
Roche Holding AG		55,951		16,297
Schindler Holding AG		10,623		2,378
Sonova Holding AG		19,906		4,631
Swiss Life Holding AG		7,852		3,757
Swiss Prime Site AG		21,753		2,130
Swisscom AG		22,869		11,291
Tamedia AG		491		49
Valora Holding AG		4,818		1,307
Zurich Insurance Group AG		3,705		1,419
				73,141
United Kingdom — 2.2%
Auto Trader Group PLC		164,283		1,032
Britvic PLC		516,162		6,256
Centrica PLC		1,110,510		1,009
Diageo PLC		187,565		7,704
easyJet PLC		2		—
Empiric Student Property PLC		116,670		134
Evraz PLC		90,768		523
GCP Student Living PLC ‡		47,769		101
Greggs PLC		47,596		1,226
Halma PLC		15,442		375
Impact Healthcare Reit PLC ‡		20,013		27
National Grid PLC		479,931		5,216
Next PLC, Cl A		1,214		92
Pan African Resources PLC		83,787		12

4 SEI Institutional Managed Trust / Annual Report / September 30, 2019

SCHEDULE OF INVESTMENTS

Global Managed Volatility Fund (Continued)

September 30, 2019

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Secure Income REIT Plc ‡		31,630	$	176
Standard Life Aberdeen PLC		109,782		387
Target Healthcare REIT PLC ‡		45,895		65
Tate & Lyle PLC		82,942		752
TUI AG		2		—
Warehouse Reit PLC ‡		35,892		46
Wm Morrison Supermarkets PLC		1,421,302		3,508
				28,641
United States — 50.0%
Communication Services — 3.1%
Altice USA Inc, Cl A *		40,731		1,168
AT&T Inc		124,484		4,710
ATN International Inc		5,459		319
Comcast Corp, Cl A		84,333		3,802
Discovery Inc, Cl A *		19,829		528
Emerald Expositions Events Inc		5,875		57
Interpublic Group of Cos Inc/The		17,315		373
John Wiley & Sons Inc, Cl A		27,837		1,223
Liberty Media Corp-Liberty Braves *		10,739		298
Live Nation Entertainment Inc *		6,947		461
Marcus Corp/The		24,058		890
MSG Networks Inc *		24,794		402
New Media Investment Group Inc		111,488		982
News Corp, Cl A		260,485		3,626
Omnicom Group Inc		40,185		3,146
Reading International Inc, Cl A *		9,570		114
Scholastic Corp, Cl B		51,376		1,940
Telephone & Data Systems Inc		88,955		2,295
Verizon Communications Inc		156,710		9,459
Walt Disney Co/The		26,460		3,448
				39,241
Consumer Discretionary — 7.9%
Acushnet Holdings Corp		22,194		586
America’s Car-Mart Inc/TX *		4,894		449
AutoZone Inc *		409		444
Career Education Corp *		7,674		122
Carriage Services Inc		4,720		96
Churchill Downs Inc		14,311		1,767
Columbia Sportswear Co		62,011		6,008
Darden Restaurants Inc		51,450		6,082
Deckers Outdoor Corp *		14,092		2,077
Denny’s Corp, Cl A *		20,422		465
Dollar General Corp		25,514		4,055
Domino’s Pizza Inc		22,395		5,478
eBay Inc		128,221		4,998
Gap Inc/The		43,208		750
Genuine Parts Co		45,782		4,559
Graham Holdings Co, Cl B		3,224		2,139
Hasbro Inc		11,562		1,372
Haverty Furniture Cos Inc		9,272		188
Home Depot Inc/The		57,483		13,337

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
International Speedway Corp, Cl A		12,485	$	562
K12 Inc *		31,709		837
Lululemon Athletica Inc *		23,428		4,511
McDonald’s Corp		28,214		6,058
NIKE Inc, Cl B		13,906		1,306
Ross Stores Inc		29,304		3,219
Service Corp International/US		86,584		4,140
ServiceMaster Global Holdings Inc *		6,024		337
Target Corp, Cl A		32,257		3,449
TJX Cos Inc/The		83,252		4,640
Ulta Beauty Inc *		16,595		4,160
VF Corp		8,833		786
Yum! Brands Inc		104,707		11,877
				100,854
Consumer Staples — 9.9%
Archer-Daniels-Midland Co		29,351		1,205
Brown-Forman Corp, Cl B		6		—
Casey’s General Stores Inc		3,598		580
Church & Dwight Co Inc		31,244		2,351
Clorox Co/The		21,082		3,202
Coca-Cola Co/The		250,759		13,651
Coca-Cola European Partners PLC		159,839		8,863
Colgate-Palmolive Co		148,727		10,933
Costco Wholesale Corp		38,004		10,949
Estee Lauder Cos Inc/The, Cl A		25,548		5,083
Herbalife Nutrition Ltd *		15,188		575
Hershey Co/The		53,401		8,277
Inter Parfums Inc		2,427		170
J&J Snack Foods Corp		19,712		3,785
John B Sanfilippo & Son Inc		6,297		608
Kimberly-Clark Corp		16,959		2,409
Lancaster Colony Corp		21,609		2,996
PepsiCo Inc		116,222		15,934
Procter & Gamble Co/The		112,730		14,021
Sysco Corp, Cl A		73,373		5,826
USANA Health Sciences Inc *		44,468		3,041
Walmart Inc		63,518		7,538
WD-40 Co		16,810		3,085
				125,082
Financials — 10.4%
1st Source Corp		750		34
Aflac Inc		95,239		4,983
American Business Bank *		1,245		42
American Equity Investment Life Holding Co		17,763		430
American Financial Group Inc/OH		42,549		4,589
Apollo Commercial Real Estate Finance Inc ‡		1,294		25
Ares Commercial Real Estate Corp ‡		61,081		930
Associated Banc-Corp		42,430		859
BancFirst Corp		2,033		113
Bancorp Inc/The *		12,704		126
Bank of America Corp		285,195		8,319

5 SEI Institutional Managed Trust / Annual Report / September 30, 2019

SCHEDULE OF INVESTMENTS

Global Managed Volatility Fund (Continued)

September 30, 2019

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Bank of Hawaii Corp		5,867	$	504
BankFinancial Corp		10,739		128
Banner Corp		14,815		832
BlackRock TCP Capital Corp		142,084		1,926
Boston Private Financial Holdings Inc		16,005		187
Brookline Bancorp Inc, Cl A		23,815		351
Bryn Mawr Bank Corp		1,455		53
Capitol Federal Financial Inc		15,001		207
Capstead Mortgage Corp ‡		63,927		470
Carter Bank & Trust *		2,566		48
Cathay General Bancorp		14,885		517
CBTX Inc		6,107		170
Central Pacific Financial Corp		33,961		965
Cincinnati Financial Corp		12,629		1,473
CIT Group Inc		40,426		1,832
Citizens Financial Group Inc		77,210		2,731
CNA Financial Corp		12,203		601
Columbia Financial Inc *		28,276		446
Comerica Inc		23,608		1,558
Commerce Bancshares Inc/MO		27,077		1,642
ConnectOne Bancorp Inc		8,148		181
CVB Financial Corp		9,753		204
Dime Community Bancshares Inc		16,485		353
Employers Holdings Inc		10,752		469
Enterprise Financial Services Corp		6,184		252
Erie Indemnity Co, Cl A		6,739		1,251
ESSA Bancorp Inc		1,559		26
Exantas Capital Corp ‡		6,831		78
FB Financial Corp		906		34
Fidus Investment Corp		10,855		161
Fifth Third Bancorp		91,524		2,506
First Bancorp/Southern Pines NC		4,821		173
First Choice Bancorp		1,104		24
First Commonwealth Financial Corp		10,011		133
First Defiance Financial Corp		2,577		75
First Hawaiian Inc		15,552		415
First Interstate BancSystem Inc, Cl A		7,895		318
First Merchants Corp		2,939		111
First Northwest Bancorp		5,208		90
Flagstar Bancorp Inc		22,057		824
FNB Corp/PA		12,123		140
Fulton Financial Corp		29,038		470
Garrison Capital Inc		1,325		9
German American Bancorp Inc		2,327		75
Glacier Bancorp Inc, Cl A		3,292		133
Globe Life Inc		85,042		8,144
Granite Point Mortgage Trust Inc ‡		5,019		94
Great Southern Bancorp Inc		1,400		80
Hanover Insurance Group Inc/The, Cl A		3,289		446
Hartford Financial Services Group Inc/The		47,284		2,866
Hilltop Holdings Inc		19,592		468
HomeTrust Bancshares Inc		9,115		238

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Hope Bancorp Inc		5,253	$	75
IBERIABANK Corp		17,495		1,322
Independent Bank Corp/MI		8,371		178
Investors Bancorp Inc		9,252		105
JPMorgan Chase & Co		32,531		3,829
Kearny Financial Corp/MD		89,580		1,168
KKR Real Estate Finance Trust Inc ‡		34,067		665
Lakeland Bancorp Inc		8,732		135
Lakeland Financial Corp		5,936		261
Lincoln National Corp		157,367		9,492
Loews Corp		56,354		2,901
M&T Bank Corp		1,678		265
Meridian Bancorp Inc		29,304		549
MetLife Inc		62,764		2,960
MGIC Investment Corp		28,982		365
National Bank Holdings Corp, Cl A		4,649		159
National Western Life Group Inc, Cl A		1,518		407
NBT Bancorp Inc		3,677		135
Nelnet Inc, Cl A		1,432		91
Northfield Bancorp Inc		5,733		92
Northwest Bancshares Inc		163,981		2,688
Oaktree Strategic Income Corp		7,492		62
Oritani Financial Corp		36,945		654
PCB Bancorp		1,707		28
PCSB Financial Corp		63		1
PennantPark Floating Rate Capital Ltd		583		7
PennyMac Mortgage Investment Trust ‡		35,389		787
Peoples Bancorp Inc/OH		2,564		82
Provident Financial Services Inc		43,669		1,071
Prudential Financial Inc		87,087		7,833
Radian Group Inc		60,020		1,371
Regions Financial Corp		16,223		257
Reinsurance Group of America Inc, Cl A		20,140		3,220
Solar Capital Ltd		10,261		212
Solar Senior Capital Ltd		2,527		45
Southside Bancshares Inc		2,700		92
Starwood Property Trust Inc ‡		302,011		7,315
State Auto Financial Corp		1,519		49
Stock Yards Bancorp Inc		5,834		214
Territorial Bancorp Inc		3,073		88
TPG Specialty Lending Inc		23,857		501
TriCo Bancshares		6,111		222
TrustCo Bank Corp NY		19,251		157
Trustmark Corp		36,740		1,253
Umpqua Holdings Corp		8,905		147
United Community Banks Inc/GA		18,320		519
Univest Financial Corp		4,517		115
US Bancorp		135,984		7,525
Voya Financial Inc		118,461		6,449
Washington Federal Inc		64,649		2,391
Washington Trust Bancorp Inc		1,200		58
Waterstone Financial Inc		32,469		558

6 SEI Institutional Managed Trust / Annual Report / September 30, 2019

SCHEDULE OF INVESTMENTS

Global Managed Volatility Fund (Continued)

September 30, 2019

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
WesBanco Inc		3,455	$	129
Westamerica Bancorporation		1,654		103
Western Alliance Bancorp		15,455		712
Wintrust Financial Corp		4,791		310
WR Berkley Corp		3,038		219
Zions Bancorp NA		40,997		1,825
				132,355
Health Care — 7.0%
Amphastar Pharmaceuticals Inc *		5,751		114
Anthem Inc		27,108		6,509
Bio-Rad Laboratories Inc, Cl A *		158		53
Chemed Corp		30,669		12,806
Cigna Corp		22,569		3,426
Computer Programs & Systems Inc		12,800		289
Danaher Corp, Cl A		56,869		8,214
DENTSPLY SIRONA Inc		23,689		1,263
Encompass Health Corp		116,978		7,402
Genomic Health Inc *		17,279		1,172
Hanger Inc *		5,288		108
HCA Healthcare Inc		22,455		2,704
Humana Inc		23,517		6,013
Innoviva Inc *		2,188		23
Masimo Corp *		18,559		2,761
Medtronic PLC		37,532		4,077
Merck & Co Inc		25,311		2,131
Meridian Bioscience Inc		6,639		63
Mettler-Toledo International Inc *		2,732		1,924
National HealthCare Corp		12,906		1,056
Orthofix Medical Inc *		20,777		1,102
Phibro Animal Health Corp, Cl A		10,828		231
Prestige Consumer Healthcare Inc, Cl A *		54,592		1,894
Quest Diagnostics Inc		32,810		3,512
STERIS PLC		21,775		3,146
UnitedHealth Group Inc		8,602		1,869
Universal Health Services Inc, Cl B		61,528		9,152
US Physical Therapy Inc		638		83
Varian Medical Systems Inc *		15,782		1,879
Zoetis Inc, Cl A		29,375		3,660
				88,636
Industrials — 2.9%
Brady Corp, Cl A		32,676		1,733
CH Robinson Worldwide Inc		15,080		1,278
Cintas Corp		7,450		1,997
Comfort Systems USA Inc		2,261		100
Delta Air Lines Inc, Cl A		9,801		565
EMCOR Group Inc		5,749		495
Ennis Inc		7,478		151
HEICO Corp		1,447		181
HEICO Corp, Cl A		10,654		1,037
Herman Miller Inc		19,112		881
HNI Corp		5,226		186

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Knoll Inc, Cl B		3,759	$	95
Lockheed Martin Corp		22,413		8,742
ManpowerGroup Inc		8,240		694
McGrath RentCorp		9,491		660
MSA Safety Inc		2,298		251
Republic Services Inc		76,769		6,644
Resources Connection Inc		4,600		78
Steelcase Inc, Cl A		9,057		167
Teledyne Technologies Inc *		1,312		422
Tetra Tech Inc		2,173		189
TrueBlue Inc *		5,362		113
Viad Corp		1,600		107
Waste Management Inc		82,904		9,534
WESCO International Inc *		6,310		301
				36,601
Information Technology — 4.3%
ADTRAN Inc		17,466		198
Agilysys Inc *		5,251		134
Booz Allen Hamilton Holding Corp, Cl A		50,119		3,559
CACI International Inc, Cl A *		12,356		2,857
Ciena Corp *		23,280		913
Cisco Systems Inc		16,985		839
Citrix Systems Inc		85,329		8,236
CSG Systems International Inc		14,328		740
Daktronics Inc		10,459		77
F5 Networks Inc, Cl A *		22,162		3,112
Genpact Ltd		34,974		1,355
Juniper Networks Inc		86,617		2,144
ManTech International Corp/VA, Cl A		500		36
MAXIMUS Inc		19,738		1,525
Microsoft Corp		41,113		5,716
MicroStrategy Inc, Cl A *		1,873		278
Model N Inc *		9,290		258
Monotype Imaging Holdings Inc		1,604		32
Motorola Solutions Inc		48,448		8,256
Oracle Corp, Cl B		22,364		1,231
Progress Software Corp		18,481		703
SPS Commerce Inc *		8,934		421
Sykes Enterprises Inc *		18,157		556
Synopsys Inc *		6,933		952
VeriSign Inc *		14,172		2,673
Western Union Co/The		358,978		8,318
				55,119
Materials — 1.4%
Kaiser Aluminum Corp		17,025		1,685
Leagold Mining Corp *		14,241		27
Materion Corp		41,209		2,529
Newmont Goldcorp Corp		83,946		3,183
Reliance Steel & Aluminum Co		66,533		6,631
Royal Gold Inc, Cl A		26,839		3,307

7 SEI Institutional Managed Trust / Annual Report / September 30, 2019

SCHEDULE OF INVESTMENTS

Global Managed Volatility Fund (Continued)

September 30, 2019

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Silgan Holdings Inc		6,321	$	190
				17,552
Real Estate — 0.0%
Equity Commonwealth ‡		2,556		88
Utilities — 3.6%
ALLETE Inc		1,628		142
Ameren Corp		27,983		2,240
Avista Corp		34,613		1,677
Black Hills Corp, Cl A		19,043		1,461
CenterPoint Energy Inc		274,193		8,275
DTE Energy Co		56,193		7,471
Evergy Inc		37,252		2,480
Exelon Corp		46,979		2,270
Hawaiian Electric Industries Inc		135,339		6,173
IDACORP Inc, Cl A		5,959		671
MDU Resources Group Inc		67,994		1,917
NorthWestern Corp		9,070		681
Otter Tail Corp		1,428		77
Pinnacle West Capital Corp		3,359		326
Portland General Electric Co		24,530		1,383
Southern Co/The		122,445		7,563
Unitil Corp		5,156		327
				45,134
				640,662
Total Common Stock (Cost $1,079,064) ($ Thousands)				1,252,501

Description	Shares		Market Value ($ Thousands)
PREFERRED STOCK — 0.1%
Germany — 0.1%
Bayerische Motoren Werke AG (B)		10,570	$	587
Sweden — 0.0%
Akelius Residential Property AB ‡ (B)		9,264		328
Total Preferred Stock (Cost $1,179) ($ Thousands)				915
	Number of Rights
RIGHTS — 0.0%
Australia — 0.0%
Harvey Norman Holdings Ltd, Expires * 10/16/2019		5,320		6
Total Rights (Cost $—) ($ Thousands)				6
	Shares
CASH EQUIVALENT — 1.2%
SEI Daily Income Trust, Government Fund, Cl F
1.800% **†		15,285,892		15,286
Total Cash Equivalent (Cost $15,286) ($ Thousands)				15,286
Total Investments in Securities — 99.0% (Cost $1,095,529) ($ Thousands)			$	1,268,708

A list of the open futures contracts held by the Fund at September 30, 2019, is as follows:

Type of Contract	Number of Contracts Long		Expiration Date		Notional Amount (Thousands)		Value (Thousands)		Unrealized Appreciation/ (Depreciation) (Thousands)
Euro STOXX 50		37		Dec-2019	$	1,438	$	1,434	$	16
FTSE 100 Index		10		Dec-2019		908		910		13
Hang Seng Index		2		Nov-2019		332		332		—
S&P 500 Index E-MINI		48		Dec-2019		7,221		7,148		(72	)
SPI 200 Index		4		Dec-2019		454		451		(1	)
TOPIX Index		6		Dec-2019		886		882		(6	)
					$	11,239	$	11,157	$	(50	)

A list of the open forward foreign currency contracts held by the Fund at September 30, 2019, is as follows:

Counterparty	Settlement Date		Currency to Deliver (Thousands)			Currency to Receive (Thousands)			Unrealized Appreciation (Depreciation) (Thousands)
Brown Brothers Harriman		10/15/19		USD	319		DKK	2,159	$	(3	)
Brown Brothers Harriman		10/15/19		USD	548		SGD	755		(1	)
Brown Brothers Harriman		10/15/19		USD	792		NOK	7,129		(7	)
Brown Brothers Harriman		10/15/19		USD	806		NZD	1,275		(6	)

8 SEI Institutional Managed Trust / Annual Report / September 30, 2019

SCHEDULE OF INVESTMENTS

Global Managed Volatility Fund (Continued)

September 30, 2019

Counterparty	Settlement Date		Currency to Deliver (Thousands)			Currency to Receive (Thousands)			Unrealized Appreciation (Depreciation) (Thousands)
Brown Brothers Harriman		10/15/19		USD	19		SEK	186	$	—
Brown Brothers Harriman		10/15/19		USD	818		SEK	7,930		(10	)
Brown Brothers Harriman		10/15/19		USD	1,117		GBP	898		(9	)
Brown Brothers Harriman		10/15/19		USD	1,590		AUD	2,341		(11	)
Brown Brothers Harriman		10/15/19		USD	79		HKD	615		—
Brown Brothers Harriman		10/15/19		USD	1,875		HKD	14,687		(1	)
Brown Brothers Harriman		10/15/19		USD	2,525		CHF	2,500		(15	)
Brown Brothers Harriman		10/15/19		USD	2,779		EUR	2,522		(28	)
Brown Brothers Harriman		10/15/19		USD	2,776		CAD	3,681		5
Brown Brothers Harriman		10/15/19		USD	293		CAD	387		(1	)
Brown Brothers Harriman		10/15/19		USD	315		JPY	34,006		—
Brown Brothers Harriman		10/15/19		USD	4,635		JPY	498,784		(15	)
Brown Brothers Harriman		10/15/19		GBP	12,343		USD	15,258		41
Brown Brothers Harriman		10/15/19		GBP	193		USD	238		—
Brown Brothers Harriman		10/15/19		SGD	12,706		USD	9,212		21
Brown Brothers Harriman		10/15/19		NZD	18,415		USD	11,811		263
Brown Brothers Harriman		10/15/19		NZD	413		USD	259		—
Brown Brothers Harriman		10/15/19		DKK	35,865		USD	5,298		54
Brown Brothers Harriman		10/15/19		DKK	16		USD	2		—
Brown Brothers Harriman		10/15/19		AUD	38,135		USD	26,153		422
Brown Brothers Harriman		10/15/19		CHF	39,297		USD	39,638		177
Brown Brothers Harriman		10/15/19		CHF	78		USD	79		—
Brown Brothers Harriman		10/15/19		EUR	42,039		USD	46,322		444
Brown Brothers Harriman		10/15/19		EUR	19		USD	21		—
Brown Brothers Harriman		10/15/19		CAD	59,192		USD	44,951		232
Brown Brothers Harriman		10/15/19		CAD	1,450		USD	1,094		(2	)
Brown Brothers Harriman		10/15/19		NOK	105,255		USD	11,734		145
Brown Brothers Harriman		10/15/19		SEK	116,704		USD	12,064		182
Brown Brothers Harriman		10/15/19		HKD	2,314		USD	296		1
Brown Brothers Harriman		10/15/19		HKD	226,349		USD	28,874		(7	)
Brown Brothers Harriman		10/15/19		JPY	7,450,520		USD	69,278		269
Brown Brothers Harriman		10/15/19		JPY	160,441		USD	1,485		(1	)
									$	2,139

Percentages are based on Net Assets of $1,281,941 ($ Thousands).

* Non-income producing security.

** Rate shown is the 7-day effective yield as of September 30, 2019.

^‡  Real Estate Investment Trust.

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

(A) Securities considered illiquid. The total value of such securities as of September 30, 2019 was $734 ($ Thousands) and represented 0.1% of the Net Assets of the Fund (See Note 2).

AUD — Australian Dollar

CAD — Canadian Dollar

CHF — Swiss Franc

Cl — Class

DKK — Danish Krone

EUR — Euro

FTSE— Financial Times and Stock Exchange

GBP — British Pound Sterling

HKD — Hong Kong Dollar

JPY — Japanese Yen

Ltd. — Limited

NOK — Norwegian Krone

NZD — New Zealand Dollar

PLC — Public Limited Company

S&P— Standard & Poor’s

SGD — Singapore Dollar

SEK — Swedish Krona

SPI — Share Price Index

TOPIX — Tokyo Price Index

USD — United States Dollar

The following is a list of the level of inputs used as of September 30, 2019, in valuing the Fund’s investments and other financial instruments carried at value ($ Thousands):

9 SEI Institutional Managed Trust / Annual Report / September 30, 2019

SCHEDULE OF INVESTMENTS

Global Managed Volatility Fund (Concluded)

September 30, 2019

Investments in Securities	Level 1 ($)			Level 2 ($)			Level 3 ($)		Total ($)
Common Stock		1,229,883			22,618			—		1,252,501
Preferred Stock		915			—			—		915
Right		6			—			—		6
Cash Equivalent		15,286			—			—		15,286
Total Investments in Securities		1,246,090			22,618			—		1,268,708
Other Financial Instruments	Level 1 ($)			Level 2 ($)			Level 3 ($)		Total ($)
Futures Contracts *
Unrealized Appreciation		29			—			—		29
Unrealized Depreciation		(79	)		—			—		(79	)
Forwards Contracts *
Unrealized Appreciation		—			2,256			—		2,256
Unrealized Depreciation		—			(117	)		—		(117	)
Total Other Financial Instruments		(50	)		2,139			—		2,089

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

For the year ended September 30, 2019, there were transfers between Level 1 and Level 2 assets and liabilities. The primary reason for the change in the classification between Levels 1 and 2 occurs when foreign equity securities are fair valued using other observable market-based inputs in place of the closing exchange price due to events occurring after the close of the exchange or market on which the investment is principally traded.

For the year ended September 30, 2019, there were no transfers between Level 2 and Level 3 assets and liabilities.

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

The following is a summary of the Fund’s transactions with affiliates for the year ended September 30, 2019 ($ Thousands):

Security Description	Value 9/30/2018			Purchases at Cost			Proceeds from Sales				Realized Gain/ (Loss)			Change in Unrealized Appreciation/ (Depreciation)			Value 9/30/2019			Shares		Income			Capital Gains
SEI Daily Income Trust, Government Fund, Cl F		$	26,205		$	205,027		$	(215,946	)		$	—		$	—		$	15,286		15,285,892		$	302		$	—

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

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

10 SEI Institutional Managed Trust / Annual Report / September 30, 2019

SCHEDULE OF INVESTMENTS

Tax-Managed Managed Volatility Fund

September 30, 2019

Description	Shares		Market Value ($ Thousands)
COMMON STOCK — 98.4%
Communication Services — 5.5%
AT&T Inc		68,786	$	2,603
Madison Square Garden Co/The *		14,417		3,799
NTT DOCOMO Inc ADR		130,100		3,320
Omnicom Group Inc		67,600		5,293
SK Telecom Co Ltd ADR		129,800		2,882
Take-Two Interactive Software Inc, Cl A *		9,560		1,198
TELUS Corp		115,600		4,117
Verizon Communications Inc		390,251		23,555
Walt Disney Co/The		99,968		13,028
				59,795
Consumer Discretionary — 6.2%
AutoZone Inc *		10,000		10,846
Best Buy Co Inc		10,994		759
Canadian Tire Corp Ltd, Cl A		59,500		6,681
Darden Restaurants Inc		65,500		7,743
Deckers Outdoor Corp *		3,645		537
Dick’s Sporting Goods Inc		48,083		1,962
Dollar General Corp		13,022		2,070
Dunkin’ Brands Group Inc		9,462		751
Fiat Chrysler Automobiles NV		24,564		318
Ford Motor Co		520,800		4,771
Gap Inc/The		26,752		464
Graham Holdings Co, Cl B		4,146		2,751
Lowe’s Cos Inc		34,400		3,783
McDonald’s Corp		46,958		10,082
NVR Inc *		432		1,606
Toyota Motor Corp ADR		38,500		5,178
Ulta Beauty Inc *		13,566		3,400
Wyndham Hotels & Resorts Inc		73,751		3,816
				67,518
Consumer Staples — 12.8%
Altria Group Inc		74,810		3,060
Archer-Daniels-Midland Co		45,200		1,856
Church & Dwight Co Inc		96,220		7,240
Clorox Co/The		29,806		4,527
Coca-Cola Co/The		84,150		4,581
Coca-Cola European Partners PLC		49,400		2,739
Colgate-Palmolive Co		64,144		4,715
Costco Wholesale Corp		28,955		8,342
Herbalife Nutrition Ltd *		6,952		263
Hershey Co/The		37,299		5,781
Ingredion Inc		10,845		886
JM Smucker Co/The		18,198		2,002
Kimberly-Clark Corp		43,214		6,139
Kroger Co/The		124,000		3,197
Lamb Weston Holdings Inc		41,191		2,995
McCormick & Co Inc/MD		46,029		7,194
Metro Inc/CN, Cl A		58,400		2,573
Nu Skin Enterprises Inc, Cl A		18,077		769

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
PepsiCo Inc		60,205	$	8,254
Philip Morris International Inc		34,312		2,605
Procter & Gamble Co/The		41,097		5,112
Sanderson Farms Inc		28,200		4,267
Sysco Corp, Cl A		93,118		7,394
Tyson Foods Inc, Cl A		183,000		15,764
Walmart Inc		231,880		27,520
				139,775
Energy — 1.8%
Chevron Corp		46,500		5,515
EOG Resources Inc		10,837		804
Exxon Mobil Corp		71,100		5,020
Marathon Petroleum Corp		19,233		1,168
Valero Energy Corp		66,747		5,690
Williams Cos Inc/The		75,181		1,809
				20,006
Financials — 17.6%
Aflac Inc		112,800		5,902
AGNC Investment Corp ‡		102,172		1,644
Allstate Corp/The		65,446		7,113
American Financial Group Inc/OH		41,500		4,476
Arbor Realty Trust Inc ‡		257,845		3,380
Arch Capital Group Ltd *		193,014		8,103
Assurant Inc		10,566		1,329
Assured Guaranty Ltd		34,028		1,513
Axis Capital Holdings Ltd		50,100		3,343
Bank of America Corp		38,560		1,125
Bank of Hawaii Corp		29,207		2,510
Bank of Nova Scotia/The, Cl C		52,600		2,990
BankUnited Inc		53,705		1,806
Berkshire Hathaway Inc, Cl B *		64,800		13,480
BOK Financial Corp		52,300		4,140
Cboe Global Markets Inc		72,973		8,385
Chimera Investment Corp ‡		148,500		2,905
Chubb Ltd		12,399		2,002
CME Group Inc		35,480		7,498
Everest Re Group Ltd		40,465		10,767
Genworth MI Canada Inc		23,900		949
Hanover Insurance Group Inc/The, Cl A		29,649		4,019
JPMorgan Chase & Co		31,600		3,719
Ladder Capital Corp, Cl A ‡		171,200		2,957
LPL Financial Holdings Inc		38,736		3,172
MarketAxess Holdings Inc		17,155		5,618
MFA Financial Inc ‡		731,549		5,384
Morningstar Inc, Cl A		43,474		6,353
National Bank of Canada		54,700		2,723
Popular Inc		76,386		4,131
Progressive Corp/The		115,800		8,946
Regions Financial Corp		388,838		6,151
Reinsurance Group of America Inc, Cl A		9,329		1,491

1 SEI Institutional Managed Trust / Annual Report / September 30, 2019

SCHEDULE OF INVESTMENTS

Tax-Managed Managed Volatility Fund (Continued)

September 30, 2019

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
RenaissanceRe Holdings Ltd		79,986	$	15,473
TFS Financial Corp		175,989		3,171
Travelers Cos Inc/The		83,472		12,411
US Bancorp		24,603		1,361
Virtu Financial Inc, Cl A		35,741		585
Voya Financial Inc		13,223		720
Wells Fargo & Co		69,900		3,526
White Mountains Insurance Group Ltd		4,402		4,754
				192,025
Health Care — 14.3%
AbbVie Inc		53,300		4,036
AmerisourceBergen Corp, Cl A		14,727		1,212
Amgen Inc, Cl A		16,800		3,251
Anthem Inc		44,047		10,576
AstraZeneca PLC ADR		107,200		4,778
Baxter International Inc		87,932		7,691
Biogen Inc *		3,955		921
Bio-Rad Laboratories Inc, Cl A *		7,119		2,369
Bristol-Myers Squibb Co		49,750		2,523
Chemed Corp		1,680		702
CVS Health Corp		31,417		1,981
Eli Lilly & Co		145,108		16,227
Hill-Rom Holdings Inc		7,580		798
Hologic Inc *		32,197		1,626
Humana Inc		32,022		8,187
ICON PLC *		9,514		1,402
Johnson & Johnson		195,171		25,251
Masimo Corp *		11,105		1,652
McKesson Corp		8,957		1,224
Merck & Co Inc		261,951		22,051
Pfizer Inc		598,608		21,508
Premier Inc, Cl A *		18,980		549
Quest Diagnostics Inc		50,752		5,432
UnitedHealth Group Inc		35,650		7,747
WellCare Health Plans Inc *		1,176		305
Zoetis Inc, Cl A		18,364		2,288
				156,287
Industrials — 10.2%
Boeing Co/The		32,700		12,441
Cummins Inc		23,200		3,774
EMCOR Group Inc		13,365		1,151
Expeditors International of Washington Inc		14,206		1,055
General Dynamics Corp		8,600		1,571
Huntington Ingalls Industries Inc, Cl A		17,300		3,664
Kaman Corp, Cl A		32,900		1,956
L3Harris Technologies Inc		26,704		5,572
Landstar System Inc		11,414		1,285
Lockheed Martin Corp		25,675		10,015
Northrop Grumman Corp		38,339		14,369
Quanta Services Inc		37,697		1,425

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Raytheon Co		76,834	$	15,074
Republic Services Inc		146,100		12,645
Southwest Airlines Co, Cl A		23,251		1,256
Spirit AeroSystems Holdings Inc, Cl A		12,040		990
United Airlines Holdings Inc *		9,555		845
United Technologies Corp		50,700		6,922
Waste Management Inc		133,069		15,303
				111,313
Information Technology — 12.7%
Amdocs Ltd		226,513		14,975
Apple Inc		75,762		16,968
Aspen Technology Inc *		14,158		1,743
Automatic Data Processing Inc		16,382		2,644
Broadridge Financial Solutions Inc		13,234		1,647
Cadence Design Systems Inc *		8,968		593
Cisco Systems Inc		306,400		15,139
Citrix Systems Inc		55,048		5,313
CSG Systems International Inc		37,600		1,943
Intel Corp		307,300		15,835
Intuit Inc		7,373		1,961
Jack Henry & Associates Inc		10,939		1,597
Juniper Networks Inc		44,726		1,107
Microsoft Corp		85,745		11,921
Motorola Solutions Inc		88,463		15,075
NetApp Inc		9,091		477
Oracle Corp, Cl B		176,000		9,685
Science Applications International Corp		14,671		1,282
Symantec Corp, Cl A		173,514		4,100
Synopsys Inc *		74,285		10,196
Tech Data Corp *		22,200		2,314
Teradyne Inc		15,297		886
VeriSign Inc *		10,747		2,027
				139,428
Materials — 2.0%
AptarGroup Inc		6,262		742
Avery Dennison Corp		31,600		3,589
Axalta Coating Systems Ltd *		78,998		2,382
Kaiser Aluminum Corp		33,600		3,325
LyondellBasell Industries NV, Cl A		7,082		634
Newmont Goldcorp Corp		45,995		1,744
Silgan Holdings Inc		110,800		3,328
Sonoco Products Co		98,300		5,722
				21,466
Real Estate — 2.4%
Equity LifeStyle Properties Inc ‡		14,695		1,963
Medical Properties Trust Inc ‡		197,100		3,855
National Health Investors Inc ‡		41,200		3,395
Omega Healthcare Investors Inc ‡		128,000		5,349
SBA Communications Corp, Cl A ‡		8,218		1,982

2 SEI Institutional Managed Trust / Annual Report / September 30, 2019

SCHEDULE OF INVESTMENTS

Tax-Managed Managed Volatility Fund (Continued)

September 30, 2019

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
VEREIT Inc ‡		523,800	$	5,123
VICI Properties Inc ‡		200,450		4,540
				26,207
Utilities — 12.9%
Ameren Corp		74,283		5,946
American Electric Power Co Inc		126,191		11,823
Consolidated Edison Inc		154,877		14,631
Dominion Energy Inc		25,306		2,051
DTE Energy Co		45,217		6,012
Duke Energy Corp		53,719		5,149
Edison International		120,856		9,115
Entergy Corp		119,200		13,989
Eversource Energy		105,451		9,013
Exelon Corp		227,300		10,981
FirstEnergy Corp		87,500		4,220
National Fuel Gas Co		65,746		3,085
NextEra Energy Inc		32,916		7,669
Pinnacle West Capital Corp		48,930		4,750
Portland General Electric Co		73,374		4,136
Public Service Enterprise Group Inc		183,544		11,394
Southern Co/The		94,221		5,820
UGI Corp		27,722		1,394
WEC Energy Group Inc		107,799		10,252
				141,430
Total Common Stock (Cost $642,989) ($ Thousands)				1,075,250
CASH EQUIVALENT — 1.7%
SEI Daily Income Trust, Government Fund, Cl F
1.800%**†		18,322,409		18,322
Total Cash Equivalent (Cost $18,322) ($ Thousands)				18,322
Total Investments in Securities — 100.1% (Cost $661,311) ($ Thousands)			$	1,093,572

3 SEI Institutional Managed Trust / Annual Report / September 30, 2019

SCHEDULE OF INVESTMENTS

Tax-Managed Managed Volatility Fund (Concluded)

September 30, 2019

A list of the open futures contracts held by the Fund at September 30, 2019, is as follows:

Type of Contract	Number of Contracts Long		Expiration Date		Notional Amount (Thousands)		Value (Thousands)		Unrealized Depreciation (Thousands)
S&P 500 Index E-MINI		39		Dec-2019	$	5,872	$	5,808	$	(64	)

Percentages are based on Net Assets of $1,092,519 ($ Thousands).

* Non-income producing security.

** Rate shown is the 7-day effective yield as of September 30, 2019.

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

^‡  Real Estate Investment Trust.

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, 2019, 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		1,075,250		—		—		1,075,250
Cash Equivalent		18,322		—		—		18,322
Total Investments in Securities		1,093,572		—		—		1,093,572

Other Financial Instruments	Level 1 ($)			Level 2 ($)		Level 3 ($)		Total ($)
Futures Contracts*
Unrealized Depreciation		(64	)		—		—		(64	)
Total Other Financial Instruments		(64	)		—		—		(64	)

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

For the year ended September 30, 2019, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the year ended September 30, 2019, there were no transfers between Level 2 and Level 3 assets and liabilities.

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

The following is a summary of the Fund’s transactions with affiliates for the year ended September 30, 2019 ($ Thousands):

Security Description	Value 9/30/2018			Purchases at Cost			Proceeds from Sales				Realized Gain/ (Loss)		Change in Unrealized Appreciation/ (Depreciation)		Value 9/30/2019			Shares		Income			Capital Gains
SEI Daily Income Trust, Government Fund, Cl F		$	17,479		$	225,406		($	224,563	)		—		—		$	18,322		18,322,409		$	505		—

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

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

4 SEI Institutional Managed Trust / Annual Report / September 30, 2019

SCHEDULE OF INVESTMENTS

Tax-Managed International Managed Volatility Fund

September 30, 2019

Description	Shares		Market Value ($ Thousands)
COMMON STOCK — 96.4%
Australia — 7.5%
Abacus Property Group		301,732	$	798
AGL Energy Ltd		184,749		2,387
ASX Ltd		34,900		1,908
Aurizon Holdings Ltd		454,449		1,808
AusNet Services		83,871		103
BHP Group Ltd		6,201		154
Brickworks Ltd		48,326		575
Coca-Cola Amatil Ltd		354,946		2,550
Computershare Ltd		51,985		566
Crown Resorts Ltd		49,952		406
CSL Ltd		9,329		1,470
Evolution Mining Ltd		42,178		129
Flight Centre Travel Group Ltd		21,435		688
Fortescue Metals Group Ltd		19,274		114
Harvey Norman Holdings Ltd		539,246		1,648
Inghams Group Ltd		420,339		893
Macquarie Group Ltd		13,540		1,197
Mirvac Group		642,786		1,327
National Australia Bank Ltd		27,944		560
Newcrest Mining Ltd		13,198		309
Regis Resources Ltd		31,209		103
Rio Tinto Ltd		29,347		1,834
Sonic Healthcare Ltd		6,349		120
Stockland		343,667		1,055
Tabcorp Holdings Ltd		31,602		103
Telstra Corp Ltd, Cl B		712,585		1,687
Wesfarmers Ltd		41,051		1,102
Woolworths Group Ltd		96,128		2,417
				28,011
Austria — 1.4%
CA Immobilien Anlagen AG		7,835		278
Erste Group Bank AG		17,218		569
Oesterreichische Post AG		26,798		941
OMV AG		6,494		348
Raiffeisen Bank International AG		6,989		162
S IMMO AG		9,548		220
Telekom Austria AG, Cl A		81,520		593
UNIQA Insurance Group AG		46,056		416
Verbund AG		26,087		1,428
Vienna Insurance Group Wiener Versicherung Gruppe		11,861		309
				5,264
Belgium — 1.4%
Ageas		6,388		354
Colruyt SA		37,589		2,061
D’ieteren SA/NV		11,261		611
Proximus SADP		35,208		1,046
UCB SA, Cl A		16,129		1,171
				5,243

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Canada — 2.5%
Bank of Nova Scotia/The, Cl C		10,639	$	605
Canadian Imperial Bank of Commerce		10,923		902
Canadian Tire Corp Ltd, Cl A		11,347		1,274
George Weston Ltd		2,159		182
Loblaw Cos Ltd		15,902		906
TELUS Corp		70,718		2,518
Toronto-Dominion Bank/The		50,010		2,918
				9,305
Denmark — 1.8%
Carlsberg A/S, Cl B		10,243		1,514
Coloplast A/S, Cl B		13,172		1,587
Danske Bank A/S		88,525		1,233
Demant A/S *		2,162		55
Jyske Bank A/S		2,522		82
Novo Nordisk A/S, Cl B		5,555		286
Royal Unibrew A/S		9,066		748
Scandinavian Tobacco Group A/S		64,786		758
Sydbank A/S		28,938		510
United International Enterprises		564		105
				6,878
Finland — 1.0%
Aktia Bank		10,607		97
Elisa OYJ		4,608		238
Fortum OYJ		6,519		154
Kemira OYJ		44,753		659
Kesko OYJ, Cl B		16,687		1,054
Orion OYJ, Cl B		27,532		1,027
Tieto OYJ		21,996		564
				3,793
France — 6.8%
Aeroports de Paris, Cl A		490		87
AXA SA		21,925		560
Baikowski SAS *		2,092		34
BNP Paribas SA		6,282		306
Caisse Regionale de Credit Agricole Mutuel Brie Picardie		3,233		104
Caisse Regionale de Credit Agricole Mutuel de Paris et d’Ile-de-France		985		109
Caisse Regionale De Credit Agricole Mutuel Toulouse 31		779		109
Cie Generale des Etablissements Michelin SCA		19,013		2,123
Credit Agricole SA		77,662		943
Credit Regionale de Credit Agricole Mutuel Sud Rhone Alpes		459		115
Danone SA		6,999		617
Dassault Aviation SA		477		675
Engie SA		171,620		2,803
Eutelsat Communications SA		49,606		923
Kaufman & Broad SA		12,966		517

1 SEI Institutional Managed Trust / Annual Report / September 30, 2019

SCHEDULE OF INVESTMENTS

Tax-Managed International Managed Volatility Fund (Continued)

September 30, 2019

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Lagardere SCA		8,633	$	191
LNA Sante SA		2,819		144
Metropole Television SA		40,001		656
Orange SA		160,655		2,521
Peugeot SA		20,479		511
Rubis SCA		2,506		146
Sanofi		67,759		6,283
Societe BIC SA		10,193		685
Societe Generale SA		16,428		450
Suez		65,380		1,028
TOTAL SA		37,626		1,964
Veolia Environnement SA		40,693		1,032
				25,636
Germany — 5.7%
Aareal Bank AG		18,943		576
adidas AG		1,170		364
Allianz SE		4,522		1,054
Beiersdorf AG		2,053		242
Covestro AG		20,592		1,019
Daimler AG		17,324		862
Deutsche Telekom AG		124,294		2,086
Evonik Industries AG		20,572		508
Fraport AG Frankfurt Airport Services Worldwide		4,634		393
Hannover Rueck SE		19,271		3,259
Hornbach Holding AG & Co KGaA		9,444		536
Merck KGaA		26,810		3,021
METRO AG		53,866		850
MTU Aero Engines AG		1,151		306
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen		14,877		3,850
SAP SE		1,022		120
Siemens AG		5,190		556
Sirius Real Estate Ltd		87,389		82
Talanx AG		21,704		938
Uniper SE		5,125		168
Vonovia SE		5,398		274
Wuestenrot & Wuerttembergische AG		5,043		99
				21,163
Hong Kong — 3.9%
China Motor Bus Co Ltd		9,200		114
Chong Hing Bank Ltd		58,000		98
CK Infrastructure Holdings Ltd		127,000		855
CLP Holdings Ltd, Cl B		270,000		2,836
Dah Sing Banking Group Ltd		112,400		151
Hang Lung Group Ltd		91,000		227
Hang Seng Bank Ltd		14,600		315
Harbour Centre Development ‡		61,000		101
HK Electric Investments & HK Electric Investments Ltd		1,616,000		1,540
HKT Trust & HKT Ltd		633,000		1,004

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Hong Kong & China Gas Co Ltd		429,429	$	837
Hutchison Telecommunications Hong Kong Holdings Ltd		718,000		121
Johnson Electric Holdings Ltd		137,500		246
Kerry Properties Ltd		480,000		1,479
Langham Hospitality Investments and Langham Hospitality Investments Ltd ‡		316,000		87
Lee & Man Paper Manufacturing Ltd		716,000		387
Link REIT		10,000		110
MTR Corp Ltd		184,000		1,033
New World Development Co Ltd		94,000		122
Pacific Textiles Holdings Ltd		994,000		668
Paliburg Holdings Ltd		328,000		108
PCCW Ltd		657,000		369
Power Assets Holdings Ltd		92,000		618
Regal Hotels International Holdings Ltd		160,000		84
Regal Real Estate Investment Trust		259,000		59
Sunlight Real Estate Investment Trust		145,000		97
Tian An China Investment Co Ltd		170,000		79
WH Group Ltd		953,500		854
				14,599
Ireland — 0.2%
FBD Holdings		6,191		61
Irish Residential Properties REIT PLC		343,231		643
				704
Israel — 1.5%
Albaad Massuot Yitzhak *		5,441		32
Bank Hapoalim BM		299,897		2,366
Bank Leumi Le-Israel BM		57,265		408
FIBI Holdings Ltd		3,995		128
Isras Investment Co Ltd		1,037		212
Kerur Holdings Ltd		4,093		111
Mizrahi Tefahot Bank Ltd		48,726		1,212
Oil Refineries Ltd *		1,712,187		902
Paz Oil Co Ltd		1,299		190
Shufersal Ltd		26,493		193
				5,754
Italy — 2.2%
A2A SpA		789,208		1,449
ACEA SpA		5,118		102
Assicurazioni Generali SpA		30,466		591
Atlantia SpA		9,488		229
Enel SpA		349,777		2,612
Hera SpA		337,822		1,387
Intesa Sanpaolo SpA		42,682		101
Iren SpA		40,709		119
Terna Rete Elettrica Nazionale SpA		236,795		1,522
				8,112
Japan — 22.8%
ABC-Mart Inc, Cl H		26,900		1,710

2 SEI Institutional Managed Trust / Annual Report / September 30, 2019

SCHEDULE OF INVESTMENTS

Tax-Managed International Managed Volatility Fund (Continued)

September 30, 2019

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Aeon Co Ltd, Cl H		6,200	$	114
AEON REIT Investment Corp		876		1,207
AGC Inc/Japan		18,400		570
Ainavo Holdings Co Ltd		12,200		111
Aisin Seiki Co Ltd		15,800		496
Alfresa Holdings Corp		22,400		500
Alpen Co Ltd		6,400		101
ANA Holdings Inc		19,300		649
Aozora Bank Ltd		40,800		1,020
Arcs Co Ltd		49,700		1,039
Asahi Group Holdings Ltd		3,900		193
Asahi Kasei Corp		18,000		177
Astellas Pharma Inc		208,800		2,972
Bandai Namco Holdings Inc		12,000		747
Bookoff Group Holdings		6,800		74
Bridgestone Corp		40,000		1,549
Canon Inc		41,500		1,107
Choushimaru Co Ltd		10,500		122
Chubu Electric Power Co Inc		15,500		224
Chukyo Bank Ltd/The		5,100		99
Chuo Gyorui		400		10
COMSYS Holdings Corp		9,900		280
Daiichi Kensetsu Corp		7,200		116
Daiichi Sankyo Co Ltd		2,500		157
Daiki Aluminium Industry Co Ltd		26,000		170
Daiohs Corp		3,400		46
Dairei Co Ltd		6,300		117
DCM Holdings Co Ltd		163,400		1,603
Ebara Foods Industry Inc		4,700		91
EDION Corp		20,600		199
FJ Next Co Ltd		16,100		155
FUJIFILM Holdings Corp		29,800		1,307
Gakkyusha Co Ltd		8,400		96
Gourmet Kineya Co Ltd		10,000		107
Hakudo Co Ltd		8,400		108
Hiroshima Gas Co Ltd		31,400		98
Hokkaido Electric Power Co Inc		47,600		251
Hokkaido Gas Co Ltd		9,800		137
Honda Motor Co Ltd		44,900		1,163
Hoya Corp		1,500		122
Inaba Denki Sangyo Co Ltd		23,000		1,004
ITOCHU Corp		105,500		2,178
Itochu Enex Co Ltd		64,000		486
Iwatani		3,100		105
Japan Airlines Co Ltd		54,800		1,629
Japan Post Bank Co Ltd		71,200		690
Japan Post Holdings Co Ltd		259,600		2,390
Japan Prime Realty Investment Corp, Cl A ‡		189		897
Japan Tobacco Inc		71,700		1,570
JXTG Holdings Inc		249,000		1,134
Kadoya Sesame Mills Inc		2,600		86
Kakaku.com Inc		43,100		1,060

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Kamigumi Co Ltd		61,100	$	1,384
Kaneka Corp		18,800		585
Kato Sangyo Co Ltd		8,700		270
KDDI Corp		151,200		3,952
Keihanshin Building Co Ltd		19,000		231
Keiyo Co Ltd		98,800		450
Kinden Corp		18,800		279
Kohnan Shoji Co Ltd		4,500		99
Komeri Co Ltd		12,100		244
K’s Holdings Corp		7,500		82
Kuraray Co Ltd		80,700		991
Kurimoto Ltd		7,200		100
Kyokuyo Co Ltd		7,600		195
KYORIN Holdings Inc		13,100		217
Kyowa Exeo Corp		12,800		310
Kyushu Electric Power Co Inc		10,600		100
LIXIL VIVA Corp		15,400		231
Matsumotokiyoshi Holdings Co Ltd		2,900		106
McDonald’s Holdings Co Japan Ltd		10,800		523
Medipal Holdings Corp		44,900		1,000
Mitsubishi Corp		6,900		169
Mitsubishi Shokuhin Co Ltd		35,100		879
Mitsubishi Tanabe Pharma Corp		61,800		678
Mitsui & Co Ltd		75,400		1,233
Miyoshi Oil & Fat Co Ltd		10,200		111
Mizuho Financial Group Inc		2,230,200		3,417
MS&AD Insurance Group Holdings Inc		15,400		499
NHK Spring Co Ltd		61,600		470
Nippo Corp		49,900		923
Nippon Building Fund Inc		103		791
Nippon Express Co Ltd		17,500		892
Nippon Flour Mills Co Ltd		49,200		769
Nippon Kanzai Co Ltd		5,800		100
Nippon Telegraph & Telephone Corp		108,800		5,191
Nissan Motor Co Ltd		150,300		937
Nisshin Oillio Group Ltd/The		26,900		844
Nitto Fuji Flour Milling Co Ltd		4,000		249
NTT DOCOMO Inc		91,200		2,323
Ohsho Food Service Corp		1,500		97
Okinawa Cellular Telephone Co		3,100		102
Okinawa Electric Power Co Inc/The		11,287		178
Ootoya Holdings Co Ltd		11,000		226
Osaka Gas Co Ltd		4,000		77
Otsuka Corp		14,600		582
OUG Holdings Inc		8,700		222
Proto Corp		12,200		132
Resona Holdings Inc		52,000		223
Ricoh Co Ltd		152,600		1,374
Sankyo Co Ltd		4,300		148
Seiko Epson Corp		33,200		467
Seven & i Holdings Co Ltd		9,900		379
SG Holdings Co Ltd		4,800		117

3 SEI Institutional Managed Trust / Annual Report / September 30, 2019

SCHEDULE OF INVESTMENTS

Tax-Managed International Managed Volatility Fund (Continued)

September 30, 2019

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Shibusawa Warehouse Co Ltd/The		7,200	$	126
Shin-Keisei Electric Railway Co Ltd		4,800		93
Shionogi & Co Ltd		3,600		200
Softbank Corp		80,200		1,086
SoftBank Group Corp		2,400		94
Sony Financial Holdings		20,300		440
SPK Corp		4,500		107
Star Asia Investment Corp ‡		92		99
Sugi Holdings Co Ltd		2,300		124
Sumitomo Bakelite Co Ltd		3,200		125
Sumitomo Dainippon Pharma Co Ltd		2,100		34
Sumitomo Mitsui Financial Group Inc		31,600		1,080
Sumitomo Mitsui Trust Holdings		5,700		205
Sumitomo Osaka Cement Co Ltd		27,800		1,190
Suzuken Co Ltd/Aichi Japan		23,500		1,261
Taiheiyo Cement		4,000		107
Teijin Ltd		88,400		1,698
Toho Holdings Co Ltd		44,000		1,018
Tokio Marine Holdings Inc		9,800		524
Tokyo Electric Power Co Holdings Inc *		69,700		341
Tokyo Gas Co Ltd		29,200		736
Toyota Motor Corp		19,200		1,282
Tsumura & Co		7,400		198
West Japan Railway Co		21,900		1,850
Yaizu Suisankagaku Industry Co Ltd		10,500		102
Yasuda Logistics Corp		19,800		170
Yellow Hat Ltd		11,200		165
Yomeishu Seizo Co Ltd		6,000		106
Yuasa Funashoku Co Ltd		4,560		151
Zaoh Co Ltd		8,700		112
				85,315
Netherlands — 1.8%
ABN AMRO Bank NV		33,022		582
ASR Nederland NV		10,035		371
Heineken NV		3,040		329
Koninklijke Ahold Delhaize NV		85,246		2,133
NN Group NV		78,056		2,769
Randstad NV		2,260		111
Signify NV		18,590		511
				6,806
New Zealand — 1.9%
Auckland International Airport Ltd		132,553		761
Chorus Ltd		57,800		183
Contact Energy Ltd		135,053		723
Fisher & Paykel Healthcare Corp Ltd		171,849		1,864
Fletcher Building Ltd		29,864		96
Freightways Ltd		32,367		165
Goodman Property Trust		149,541		208
Kathmandu Holdings Ltd		65,155		125
Mercury NZ Ltd		234,122		735
Meridian Energy Ltd		213,586		696

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Ryman Healthcare Ltd		42,791	$	357
Sanford Ltd/NZ		22,813		97
Spark New Zealand Ltd		91,414		253
Warehouse Group Ltd/The		97,101		152
Z Energy Ltd		223,203		784
				7,199
Norway — 1.2%
Austevoll Seafood ASA		41,885		398
DNB ASA, Cl A		35,409		624
Mowi ASA		41,636		962
Orkla ASA		106,449		969
Sparebank 1 Oestlandet		10,088		93
Sparebanken Sor		9,196		96
Telenor ASA		64,166		1,289
Yara International ASA		3,093		133
				4,564
Portugal — 0.1%
REN - Redes Energeticas Nacionais SGPS SA		86,292		241
Singapore — 4.4%
CapitaLand Commercial Trust		345,700		517
CapitaLand Mall Trust ‡		1,336,100		2,541
ComfortDelGro Corp Ltd		330,900		574
DBS Group Holdings Ltd		167,700		3,032
Great Eastern Holdings		5,900		97
Ho Bee Land ‡		60,400		102
Mapletree Industrial Trust		103,900		182
Mapletree Logistics Trust		224,370		263
Olam International Ltd		78,000		101
Oversea-Chinese Banking Corp Ltd		154,300		1,212
SATS Ltd		279,900		980
Sheng Siong Group Ltd		365,100		293
Singapore Exchange Ltd		238,000		1,458
Singapore Technologies Engineering Ltd		450,200		1,250
Singapore Telecommunications Ltd		384,400		862
SPH REIT ‡		411,000		324
United Industrial Corp Ltd		50,700		103
United Overseas Bank Ltd		44,200		820
UOL Group Ltd		26,200		142
Venture Corp Ltd		50,100		555
Wilmar International Ltd		255,300		689
Yangzijiang Shipbuilding Holdings Ltd		440,200		305
				16,402
Spain — 2.5%
Cia de Distribucion Integral Logista Holdings SA		4,976		97
Ebro Foods SA		78,690		1,573
Endesa SA		164,032		4,317
Grifols SA		16,305		481
Iberdrola SA		269,790		2,805
				9,273

4 SEI Institutional Managed Trust / Annual Report / September 30, 2019

SCHEDULE OF INVESTMENTS

Tax-Managed International Managed Volatility Fund (Continued)

September 30, 2019

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Sweden — 2.6%
Axfood AB		54,195	$	1,153
Epiroc AB, Cl B		21,001		217
Hemfosa Fastigheter AB		18,745		190
ICA Gruppen AB		71,065		3,287
JM AB		17,229		441
KNOW IT AB		10,862		203
Nyfosa AB *		18,745		128
Resurs Holding AB		131,621		781
Scandic Hotels Group AB		56,159		451
Svenska Cellulosa AB SCA, Cl B		21,139		189
Swedbank AB, Cl A		41,288		595
Swedish Match AB		29,845		1,236
Telia Co AB		222,996		999
				9,870
Switzerland — 10.8%
Alcon Inc *		3,374		197
Allreal Holding AG, Cl A		688		132
ALSO Holding AG		1,128		161
Baloise Holding AG		12,851		2,304
Banque Cantonale Vaudoise		135		103
Barry Callebaut AG		566		1,168
Basellandschaftliche Kantonalbank		213		195
Basler Kantonalbank, Cl H		1,334		95
Berner Kantonalbank AG		473		102
BKW AG		15,994		1,189
Chocoladefabriken Lindt & Spruengli AG		207		1,530
Emmi AG		110		90
Helvetia Holding AG		9,739		1,345
Idorsia Ltd *		3,040		75
Intershop Holding AG		203		110
Landis+Gyr Group AG		7,087		636
Mobimo Holding AG		355		100
Nestle SA		13,549		1,471
Novartis AG		16,871		1,464
Orior AG		2,561		219
Pargesa Holding SA		5,336		411
PSP Swiss Property AG		6,521		829
Roche Holding AG		29,407		8,566
Romande Energie Holding SA		76		94
Schindler Holding AG		6,813		1,525
Sika AG		2,966		434
Sonova Holding AG		7,702		1,792
St Galler Kantonalbank AG		263		115
Swiss Life Holding AG		7,876		3,768
Swiss Prime Site AG		7,452		730
Swiss Re AG		22,796		2,380
Swisscom AG		4,083		2,016
Tamedia AG		1,263		125
Thurgauer Kantonalbank		927		101
Valiant Holding AG		6,581		655
Valora Holding AG		925		251

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Vaudoise Assurances Holding SA		204	$	112
Zurich Insurance Group AG		10,402		3,985
				40,575
United Kingdom — 11.4%
3i Group		60,173		865
AEW UK REIT ‡		89,285		103
AstraZeneca PLC		2,294		205
Auto Trader Group PLC		65,351		411
BAE Systems PLC		328,666		2,309
Berkeley Group Holdings PLC		15,527		800
BP PLC		361,923		2,301
Britvic PLC		107,198		1,299
BT Group PLC, Cl A		312,799		688
C&C Group PLC		45,028		205
CareTech Holdings PLC		22,562		101
Carnival PLC		31,668		1,315
Cello Health PLC		77,483		121
Coca-Cola HBC AG		15,339		502
Computacenter PLC		9,059		144
Craneware PLC		7,808		244
Cranswick PLC		5,516		200
Diageo PLC		41,426		1,702
Eco Animal Health Group		20,539		89
FBD Holdings		2,815		28
GCP Student Living PLC ‡		52,530		111
GlaxoSmithKline PLC		213,347		4,587
Greene King PLC		102,786		1,073
Greggs PLC		7,203		186
Halfords Group PLC		126,401		265
Headlam Group		10,433		58
HSBC Holdings PLC		356,818		2,746
Imperial Brands PLC		71,522		1,611
Inchcape PLC		168,518		1,311
J D Wetherspoon PLC		37,692		720
J Sainsbury PLC		263,110		713
Kingfisher PLC		285,395		727
Legal & General Group PLC		323,558		990
Marks & Spencer Group PLC		153,894		350
Mondi PLC		26,998		518
National Express Group PLC		327,002		1,745
National Grid PLC		44,069		479
Next PLC, Cl A		9,675		738
Persimmon PLC		14,585		390
QinetiQ Group PLC		414,692		1,476
Renewables Infrastructure Group		345,794		538
Royal Mail PLC		228,421		596
ScS Group PLC		36,908		108
Secure Income REIT Plc ‡		44,693		249
Smith & Nephew PLC		19,840		479
SSE PLC		57,559		883
Tate & Lyle PLC		248,841		2,257
Telecom Plus PLC		18,950		287

5 SEI Institutional Managed Trust / Annual Report / September 30, 2019

SCHEDULE OF INVESTMENTS

Tax-Managed International Managed Volatility Fund (Continued)

September 30, 2019

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Tesco PLC		52,265	$	155
Total Produce PLC		79,709		122
Unilever PLC		15,386		927
Vodafone Group PLC		484,077		966
Wm Morrison Supermarkets PLC		360,999		891
				42,884
United States — 1.0%
Atlantica Yield plc		36,284		874
Coca-Cola European Partners PLC		42,211		2,341
KLA Corp		435		69
QIAGEN NV *		3,899		129
Taro Pharmaceutical Industries Ltd		2,373		179
				3,592
Total Common Stock (Cost $323,437) ($ Thousands)				361,183
CASH EQUIVALENT — 2.5%
SEI Daily Income Trust, Government Fund, Cl F
1.800% **†		9,481,119		9,481
Total Cash Equivalent (Cost $9,481) ($ Thousands)				9,481
Total Investments in Securities — 98.9% (Cost $332,918) ($ Thousands)			$	370,664

A list of the open futures contracts held by the Fund at September 30, 2019, is as follows:

Type of Contract	Number of Contracts Long		Expiration Date		Notional Amount (Thousands)		Value (Thousands)		Unrealized Appreciation (Thousands)
Euro STOXX 50		67		Dec-2019	$	2,604	$	2,597	$	29
FTSE 100 Index		16		Dec-2019		1,451		1,456		22
Hang Seng Index		1		Nov-2019		166		166		—
SPI 200 Index		6		Dec-2019		682		676		—
TOPIX Index		13		Dec-2019		1,886		1,910		34
					$	6,789	$	6,805	$	85

6 SEI Institutional Managed Trust / Annual Report / September 30, 2019

SCHEDULE OF INVESTMENTS

Tax-Managed International Managed Volatility Fund (Concluded)

September 30, 2019

Percentages are based on Net Assets of $374,778 ($ Thousands).

* Non-income producing security.

** Rate shown is the 7-day effective yield as of September 30, 2019.

^‡  Real Estate Investment Trust.

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

CHF — Swiss Franc

Cl — Class

EUR — Euro

FTSE — Financial Times and Stock Exchange

L.P. — Limited Partnership

PLC — Public Limited Company

REIT — Real Estate investment Trust

SEK — Swedish Krona

SPI — Share Price Index

TPOIX — Tokyo Price Index

The following is a list of the level of inputs used as of September 30, 2019, 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		355,429		5,754		—		361,183
Cash Equivalent		9,481		—		—		9,481
Total Investments in Securities		364,910		5,754		—		370,664
Other Financial Instruments	Level 1 ($)		Level 2 ($)		Level 3 ($)		Total ($)
Futures Contracts *
Unrealized Appreciation		85		—		—		85
Total Other Financial Instruments		85		—		—		85

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

For the year ended September 30, 2019, there were transfers between Level 1 and Level 2 assets and liabilities. The primary reason for changes in the classifications between Levels 1 and 2 occurs when foreign equity securities are fair valued using other observable market based inputs in place of the closing exchange price due to events occurring after the close of the exchange or market on which the investment is principally traded.

For the year ended September 30, 2019, there were no transfers between Level 2 and Level 3 assets and liabilities.

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

The following is a summary of the Fund’s transactions with affiliates for the year ended September 30, 2019 ($ Thousands):

Security Description	Value 9/30/2018			Purchases at Cost			Proceeds from Sales				Realized Gain/ (Loss)			Change in Unrealized Appreciation/ (Depreciation)			Value 9/30/2019			Shares		Income			Capital Gains
SEI Daily Income Trust, Government Fund, Cl F		$	6,054		$	47,308		$	(43,881	)		$	—		$	—		$	9,481		9,481,119		$	227		$	—

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

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

7 SEI Institutional Managed Trust / Annual Report / September 30, 2019

CONSOLIDATED SCHEDULE OF INVESTMENTS

Dynamic Asset Allocation Fund

September 30, 2019

Description	Shares		Market Value ($ Thousands)
COMMON STOCK — 94.0%
Communication Services — 9.7%
Activision Blizzard Inc		23,300	$	1,233
Alphabet Inc, Cl A *		9,069		11,075
Alphabet Inc, Cl C *		9,193		11,206
AT&T Inc		221,103		8,367
CBS Corp, Cl B		9,682		391
CenturyLink Inc		28,757		359
Charter Communications Inc, Cl A *		4,900		2,019
Comcast Corp, Cl A		137,180		6,184
Discovery Inc, Cl A *		4,529		121
Discovery Inc, Cl C *		10,685		263
DISH Network Corp, Cl A *		6,900		235
Electronic Arts Inc *		8,928		873
Facebook Inc, Cl A *		72,871		12,977
Fox Corp		15,553		490
Interpublic Group of Cos Inc/The		11,697		252
Netflix Inc *		13,220		3,538
News Corp, Cl A		11,130		155
News Corp, Cl B		4,100		59
Omnicom Group Inc		6,669		522
Take-Two Interactive Software Inc, Cl A *		3,400		426
T-Mobile US Inc *		9,700		764
TripAdvisor Inc *		3,297		128
Twitter Inc *		22,000		906
Verizon Communications Inc		125,298		7,563
Viacom Inc, Cl B		10,630		255
Walt Disney Co/The		54,750		7,135
				77,496
Consumer Discretionary — 9.5%
Advance Auto Parts Inc		2,194		363
Amazon.com Inc, Cl A *		12,636		21,935
Aptiv PLC		7,841		685
AutoZone Inc *		725		786
Best Buy Co Inc		7,178		495
Booking Holdings Inc *		1,309		2,569
BorgWarner Inc		6,501		238
Capri Holdings Ltd *		4,328		143
CarMax Inc *		4,956		436
Carnival Corp		11,980		524
Chipotle Mexican Grill Inc, Cl A *		723		608
Darden Restaurants Inc		3,734		441
Dollar General Corp		7,873		1,251
Dollar Tree Inc *		7,285		832
DR Horton Inc		10,186		537
eBay Inc		23,647		922
Expedia Group Inc		4,215		567
Ford Motor Co		118,076		1,082
Gap Inc/The		6,298		109
Garmin Ltd		3,704		314
General Motors Co		38,177		1,431
Genuine Parts Co		4,404		439

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
H&R Block Inc		6,510	$	154
Hanesbrands Inc		10,867		166
Harley-Davidson Inc, Cl A		4,655		167
Hasbro Inc		3,498		415
Hilton Worldwide Holdings Inc		8,900		829
Home Depot Inc/The		33,182		7,699
Kohl’s Corp		4,827		240
L Brands Inc		7,208		141
Leggett & Platt Inc		4,065		166
Lennar Corp, Cl A		8,674		484
LKQ Corp *		9,500		299
Lowe’s Cos Inc		23,345		2,567
Macy’s Inc		9,330		145
Marriott International Inc/MD, Cl A		8,451		1,051
McDonald’s Corp		23,107		4,961
MGM Resorts International		15,400		427
Mohawk Industries Inc *		1,858		231
Newell Brands Inc, Cl B		11,313		212
NIKE Inc, Cl B		38,238		3,591
Nordstrom Inc		2,966		100
Norwegian Cruise Line Holdings Ltd *		6,700		347
NVR Inc *		100		372
O’Reilly Automotive Inc *		2,312		921
PulteGroup Inc		7,543		276
PVH Corp		2,320		205
Ralph Lauren Corp, Cl A		1,560		149
Ross Stores Inc		11,149		1,225
Royal Caribbean Cruises Ltd		5,210		564
Starbucks Corp		36,157		3,197
Tapestry Inc		8,934		233
Target Corp, Cl A		15,484		1,655
Tiffany & Co		3,198		296
TJX Cos Inc/The		36,676		2,044
Tractor Supply Co		3,746		339
Ulta Beauty Inc *		1,700		426
Under Armour Inc, Cl A *		5,846		117
Under Armour Inc, Cl C *		5,581		101
VF Corp		9,940		885
Whirlpool Corp		1,909		302
Wynn Resorts Ltd		2,917		317
Yum! Brands Inc		9,397		1,066
				75,789
Consumer Staples — 7.1%
Altria Group Inc		56,969		2,330
Archer-Daniels-Midland Co		16,841		692
Brown-Forman Corp, Cl B		5,085		319
Campbell Soup Co		5,672		266
Church & Dwight Co Inc		7,400		557
Clorox Co/The		3,922		596
Coca-Cola Co/The		116,282		6,330
Colgate-Palmolive Co		25,948		1,907

1 SEI Institutional Managed Trust / Annual Report / September 30, 2019

CONSOLIDATED SCHEDULE OF INVESTMENTS

Dynamic Asset Allocation Fund (Continued)

September 30, 2019

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Conagra Brands Inc		14,892	$	457
Constellation Brands Inc, Cl A		5,070		1,051
Costco Wholesale Corp		13,276		3,825
Coty Inc, Cl A		8,233		87
Estee Lauder Cos Inc/The, Cl A		6,644		1,322
General Mills Inc		18,241		1,005
Hershey Co/The		4,186		649
Hormel Foods Corp		8,316		364
JM Smucker Co/The		3,404		375
Kellogg Co		7,394		476
Kimberly-Clark Corp		10,377		1,474
Kraft Heinz Co/The		18,700		522
Kroger Co/The		24,248		625
Lamb Weston Holdings Inc		4,500		327
McCormick & Co Inc/MD		3,714		580
Molson Coors Brewing Co, Cl B		5,724		329
Mondelez International Inc, Cl A		43,853		2,426
Monster Beverage Corp *		11,765		683
PepsiCo Inc		42,440		5,819
Philip Morris International Inc		47,337		3,594
Procter & Gamble Co/The		76,009		9,454
Sysco Corp, Cl A		15,643		1,242
Tyson Foods Inc, Cl A		8,975		773
Walgreens Boots Alliance Inc		22,807		1,261
Walmart Inc		43,276		5,136
				56,853
Energy — 4.3%
Apache Corp		11,801		302
Baker Hughes a GE Co, Cl A		15,215		353
Cabot Oil & Gas Corp		12,898		227
Chevron Corp		57,726		6,846
Cimarex Energy Co		3,149		151
Concho Resources Inc		6,100		414
ConocoPhillips		33,486		1,908
Devon Energy Corp		12,626		304
Diamondback Energy Inc, Cl A		4,700		423
EOG Resources Inc		17,527		1,301
Exxon Mobil Corp		128,200		9,052
Halliburton Co		26,142		493
Helmerich & Payne Inc		3,443		138
Hess Corp		7,874		476
HollyFrontier Corp		4,800		257
Kinder Morgan Inc/DE		58,914		1,214
Marathon Oil Corp		25,292		310
Marathon Petroleum Corp		20,150		1,224
National Oilwell Varco Inc, Cl A		11,630		247
Noble Energy Inc		14,637		329
Occidental Petroleum Corp		27,028		1,202
ONEOK Inc		12,654		932
Phillips 66		13,599		1,393
Pioneer Natural Resources Co		5,092		640

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Schlumberger Ltd, Cl A		41,837	$	1,430
TechnipFMC PLC		12,613		305
Valero Energy Corp		12,697		1,082
Williams Cos Inc/The		36,446		877
				33,830
Financials — 12.1%
Affiliated Managers Group Inc		1,429		119
Aflac Inc		22,618		1,183
Allstate Corp/The		10,012		1,088
American Express Co		20,713		2,450
American International Group Inc		26,305		1,465
Ameriprise Financial Inc		4,117		606
Aon PLC		7,109		1,376
Arthur J Gallagher & Co		5,700		511
Assurant Inc		1,782		224
Bank of America Corp		254,745		7,431
Bank of New York Mellon Corp/The		25,743		1,164
BB&T Corp		23,156		1,236
Berkshire Hathaway Inc, Cl B *		59,430		12,363
BlackRock Inc		3,615		1,611
Capital One Financial Corp		14,315		1,302
Cboe Global Markets Inc		3,400		391
Charles Schwab Corp/The		35,035		1,465
Chubb Ltd		13,866		2,239
Cincinnati Financial Corp		4,693		548
Citigroup Inc		68,645		4,742
Citizens Financial Group Inc		13,700		485
CME Group Inc		10,848		2,293
Comerica Inc		4,573		302
Discover Financial Services		9,746		790
E*TRADE Financial Corp		7,570		331
Everest Re Group Ltd		1,200		319
Fifth Third Bancorp		22,351		612
First Republic Bank/CA		5,100		493
Franklin Resources Inc		8,936		258
Globe Life Inc		3,035		291
Goldman Sachs Group Inc/The		9,821		2,035
Hartford Financial Services Group Inc/The		10,961		664
Huntington Bancshares Inc/OH		32,047		457
Intercontinental Exchange Inc		17,180		1,585
Invesco Ltd		11,812		200
JPMorgan Chase & Co		96,817		11,394
KeyCorp		31,052		554
Lincoln National Corp		6,209		374
Loews Corp		7,989		411
M&T Bank Corp		4,108		649
MarketAxess Holdings Inc		1,100		360
Marsh & McLennan Cos Inc		15,617		1,562
MetLife Inc		24,212		1,142
Moody’s Corp		5,004		1,025
Morgan Stanley		37,817		1,614

2 SEI Institutional Managed Trust / Annual Report / September 30, 2019

CONSOLIDATED SCHEDULE OF INVESTMENTS

Dynamic Asset Allocation Fund (Continued)

September 30, 2019

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
MSCI Inc, Cl A		2,600	$	566
Nasdaq Inc, Cl A		3,487		346
Northern Trust Corp		6,671		623
People’s United Financial Inc		11,889		186
PNC Financial Services Group Inc/The		13,597		1,906
Principal Financial Group Inc, Cl A		8,033		459
Progressive Corp/The		17,821		1,377
Prudential Financial Inc		12,277		1,104
Raymond James Financial Inc		3,900		322
Regions Financial Corp		30,460		482
S&P Global Inc		7,478		1,832
SunTrust Banks Inc		13,339		918
SVB Financial Group, Cl B *		1,600		334
Synchrony Financial		19,201		655
T Rowe Price Group Inc		7,140		816
Travelers Cos Inc/The		7,952		1,182
Unum Group		6,563		195
US Bancorp		43,602		2,413
Wells Fargo & Co		121,333		6,120
Willis Towers Watson PLC		3,947		762
Zions Bancorp NA		5,537		246
				96,558
Health Care — 12.9%
Abbott Laboratories		53,424		4,470
AbbVie Inc		44,725		3,387
ABIOMED Inc *		1,400		249
Agilent Technologies Inc		9,485		727
Alexion Pharmaceuticals Inc *		6,808		667
Align Technology Inc *		2,200		398
Allergan PLC		9,980		1,680
AmerisourceBergen Corp, Cl A		4,754		391
Amgen Inc, Cl A		18,163		3,515
Anthem Inc		7,838		1,882
Baxter International Inc		15,492		1,355
Becton Dickinson and Co		8,219		2,079
Biogen Inc *		5,650		1,315
Boston Scientific Corp *		41,992		1,709
Bristol-Myers Squibb Co		49,838		2,527
Cardinal Health Inc		9,103		430
Celgene Corp, Cl A *		21,394		2,124
Centene Corp *		12,600		545
Cerner Corp		9,812		669
Cigna Corp		11,520		1,749
Cooper Cos Inc/The, Cl A		1,500		445
Covetrus Inc *		1		—
CVS Health Corp		39,560		2,495
Danaher Corp, Cl A		19,091		2,757
DaVita Inc *		2,957		169
DENTSPLY SIRONA Inc		7,271		388
Edwards Lifesciences Corp, Cl A *		6,372		1,401
Eli Lilly & Co		25,666		2,870

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Gilead Sciences Inc		38,713	$	2,454
HCA Healthcare Inc		8,143		981
Henry Schein Inc *		4,444		282
Hologic Inc *		8,300		419
Humana Inc *		4,090		1,046
IDEXX Laboratories Inc *		2,600		707
Illumina Inc *		4,500		1,369
Incyte Corp *		5,500		408
Intuitive Surgical Inc *		3,438		1,856
IQVIA Holdings Inc *		5,500		822
Johnson & Johnson		80,044		10,356
Laboratory Corp of America Holdings *		3,017		507
McKesson Corp		5,737		784
Medtronic PLC		40,541		4,404
Merck & Co Inc		77,466		6,521
Mettler-Toledo International Inc *		700		493
Mylan NV *		15,926		315
Nektar Therapeutics, Cl A *		5,000		91
PerkinElmer Inc		3,369		287
Perrigo Co PLC		3,676		205
Pfizer Inc		168,157		6,042
Quest Diagnostics Inc		4,078		436
Regeneron Pharmaceuticals Inc *		2,415		670
ResMed Inc		4,400		594
Stryker Corp		9,776		2,115
Teleflex Inc		1,400		476
Thermo Fisher Scientific Inc		12,111		3,528
UnitedHealth Group Inc		28,811		6,261
Universal Health Services Inc, Cl B		2,442		363
Varian Medical Systems Inc *		2,765		329
Vertex Pharmaceuticals Inc *		7,758		1,314
Waters Corp *		2,120		473
WellCare Health Plans Inc *		1,500		389
Zimmer Biomet Holdings Inc		6,153		845
Zoetis Inc, Cl A		14,473		1,803
				102,338
Industrials — 8.8%
3M Co		17,526		2,881
Alaska Air Group Inc		3,900		253
Allegion PLC		2,894		300
American Airlines Group Inc		12,125		327
AMETEK Inc		6,864		630
AO Smith Corp		4,300		205
Arconic Inc		12,192		317
Boeing Co/The		16,209		6,167
Caterpillar Inc, Cl A		17,245		2,178
CH Robinson Worldwide Inc		4,087		346
Cintas Corp		2,552		684
Copart Inc *		6,200		498
CSX Corp		23,388		1,620
Cummins Inc		4,363		710

3 SEI Institutional Managed Trust / Annual Report / September 30, 2019

CONSOLIDATED SCHEDULE OF INVESTMENTS

Dynamic Asset Allocation Fund (Continued)

September 30, 2019

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Deere & Co		9,613	$	1,622
Delta Air Lines Inc, Cl A		18,022		1,038
Dover Corp		4,346		433
Eaton Corp PLC		12,739		1,059
Emerson Electric Co		18,526		1,239
Equifax Inc		3,676		517
Expeditors International of Washington Inc		5,108		379
Fastenal Co, Cl A		17,444		570
FedEx Corp		7,269		1,058
Flowserve Corp		4,154		194
Fortive Corp		8,954		614
Fortune Brands Home & Security Inc		4,200		230
General Dynamics Corp		7,065		1,291
General Electric Co		264,293		2,363
Honeywell International Inc		21,752		3,680
Huntington Ingalls Industries Inc, Cl A		1,300		275
IDEX Corp		2,300		377
IHS Markit Ltd *		12,200		816
Illinois Tool Works Inc		8,831		1,382
Ingersoll-Rand PLC		7,303		900
Jacobs Engineering Group Inc		3,421		313
JB Hunt Transport Services Inc		2,645		293
Johnson Controls International PLC		24,138		1,059
Kansas City Southern		3,063		407
L3Harris Technologies Inc		6,771		1,413
Lockheed Martin Corp		7,393		2,884
Masco Corp		9,023		376
Nielsen Holdings PLC		10,480		223
Norfolk Southern Corp		8,102		1,456
Northrop Grumman Corp		4,761		1,784
PACCAR Inc		10,419		729
Parker-Hannifin Corp, Cl A		3,852		696
Pentair PLC		4,777		181
Quanta Services Inc		4,282		162
Raytheon Co		8,399		1,648
Republic Services Inc		6,462		559
Robert Half International Inc		3,559		198
Rockwell Automation Inc		3,535		583
Rollins Inc		4,350		148
Roper Technologies Inc		3,114		1,110
Snap-on Inc		1,655		259
Southwest Airlines Co, Cl A		14,833		801
Stanley Black & Decker Inc		4,611		666
Textron Inc		7,137		349
TransDigm Group Inc		1,500		781
Union Pacific Corp		21,519		3,486
United Airlines Holdings Inc *		6,700		592
United Parcel Service Inc, Cl B		21,211		2,542
United Rentals Inc *		2,399		299
United Technologies Corp		24,507		3,346
Verisk Analytics Inc, Cl A		4,900		775
Wabtec Corp		5,690		409

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Waste Management Inc		11,782	$	1,355
WW Grainger Inc		1,347		400
Xylem Inc/NY		5,548		442
				69,877
Information Technology — 20.6%
Accenture PLC, Cl A		19,248		3,702
Adobe Inc *		14,764		4,079
Advanced Micro Devices Inc *		33,000		957
Akamai Technologies Inc *		4,974		455
Alliance Data Systems Corp		1,046		134
Amphenol Corp, Cl A		9,020		870
Analog Devices Inc		11,192		1,250
ANSYS Inc *		2,500		553
Apple Inc		128,830		28,854
Applied Materials Inc		28,471		1,421
Arista Networks Inc *		1,600		382
Autodesk Inc, Cl A *		6,705		990
Automatic Data Processing Inc		13,242		2,138
Broadcom Inc		11,975		3,306
Broadridge Financial Solutions Inc		3,500		436
Cadence Design Systems Inc *		8,400		555
CDW Corp/DE		4,400		542
Cisco Systems Inc		128,572		6,353
Citrix Systems Inc		3,826		369
Cognizant Technology Solutions Corp, Cl A		16,577		999
Corning Inc, Cl B		23,671		675
DXC Technology Co		8,276		244
F5 Networks Inc, Cl A *		1,791		251
Fidelity National Information Services Inc, Cl B		18,653		2,476
Fiserv Inc, Cl A *		17,364		1,799
FleetCor Technologies Inc *		2,600		746
FLIR Systems Inc		3,992		210
Fortinet Inc *		4,300		330
Gartner Inc *		2,800		400
Global Payments Inc		8,689		1,382
Hewlett Packard Enterprise Co		40,510		615
HP Inc		45,310		857
Intel Corp		134,197		6,915
International Business Machines Corp		26,768		3,893
Intuit Inc		7,885		2,097
IPG Photonics Corp *		1,100		149
Jack Henry & Associates Inc		2,300		336
Juniper Networks Inc		10,533		261
Keysight Technologies Inc *		5,800		564
KLA Corp		4,849		773
Lam Research Corp		4,320		998
Leidos Holdings Inc		4,400		378
Mastercard Inc, Cl A		26,982		7,328
Maxim Integrated Products Inc		8,400		486
Microchip Technology Inc		7,237		672

4 SEI Institutional Managed Trust / Annual Report / September 30, 2019

CONSOLIDATED SCHEDULE OF INVESTMENTS

Dynamic Asset Allocation Fund (Continued)

September 30, 2019

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Micron Technology Inc *		33,371	$	1,430
Microsoft Corp		231,596		32,199
Motorola Solutions Inc		5,002		852
NetApp Inc		7,628		401
NVIDIA Corp		18,448		3,211
Oracle Corp, Cl B		66,933		3,683
Paychex Inc		9,800		811
PayPal Holdings Inc *		35,585		3,686
Qorvo Inc *		3,505		260
QUALCOMM Inc		36,768		2,805
salesforce.com Inc *		26,672		3,959
Seagate Technology PLC		7,543		406
Skyworks Solutions Inc		5,307		421
Symantec Corp, Cl A		16,708		395
Synopsys Inc *		4,600		631
TE Connectivity Ltd		10,203		951
Texas Instruments Inc		28,411		3,672
VeriSign Inc *		3,178		599
Visa Inc, Cl A		52,332		9,002
Western Digital Corp		8,838		527
Western Union Co/The		13,277		308
Xerox Holdings Corp		6,089		182
Xilinx Inc		7,787		747
				164,318
Materials — 2.6%
Air Products & Chemicals Inc		6,661		1,478
Albemarle Corp		3,100		215
Amcor PLC		49,609		484
Avery Dennison Corp		2,576		292
Ball Corp		10,112		736
Celanese Corp, Cl A		3,900		477
CF Industries Holdings Inc		6,737		331
Corteva Inc		22,891		641
Dow Inc		22,725		1,083
DuPont de Nemours Inc		22,591		1,611
Eastman Chemical Co		4,198		310
Ecolab Inc		7,654		1,516
FMC Corp		3,949		346
Freeport-McMoRan Inc, Cl B		44,062		422
International Flavors & Fragrances Inc		3,115		382
International Paper Co		11,973		501
Linde PLC		16,482		3,193
LyondellBasell Industries NV, Cl A		7,813		699
Martin Marietta Materials Inc, Cl A		1,865		511
Mosaic Co/The		10,810		222
Newmont Goldcorp Corp		25,104		952
Nucor Corp		9,348		476
Packaging Corp of America		2,800		297
PPG Industries Inc		7,270		862
Sealed Air Corp		4,658		193
Sherwin-Williams Co/The, Cl A		2,413		1,327

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Vulcan Materials Co		4,030	$	609
Westrock Co		7,592		277
				20,443
Real Estate — 3.0%
Alexandria Real Estate Equities Inc ‡		3,400		524
American Tower Corp, Cl A ‡		13,416		2,967
Apartment Investment & Management Co, Cl A ‡		4,444		232
AvalonBay Communities Inc ‡		4,222		909
Boston Properties Inc ‡		4,308		559
CBRE Group Inc, Cl A *‡		9,525		505
Crown Castle International Corp ‡		12,528		1,741
Digital Realty Trust Inc, Cl A ‡		6,400		831
Duke Realty Corp ‡		10,800		367
Equinix Inc ‡		2,559		1,476
Equity Residential ‡		10,433		900
Essex Property Trust Inc ‡		1,960		640
Extra Space Storage Inc ‡		3,900		456
Federal Realty Investment Trust ‡		2,200		299
HCP Inc ‡		14,630		521
Host Hotels & Resorts Inc ‡		22,512		389
Iron Mountain Inc ‡		8,676		281
Kimco Realty Corp ‡		12,396		259
Macerich Co/The ‡		3,465		109
Mid-America Apartment Communities Inc ‡		3,400		442
Prologis Inc ‡		19,070		1,625
Public Storage ‡		4,600		1,128
Realty Income Corp ‡		9,618		737
Regency Centers Corp ‡		5,200		361
SBA Communications Corp, Cl A ‡		3,400		820
Simon Property Group Inc ‡		9,358		1,457
SL Green Realty Corp ‡		2,515		206
UDR Inc ‡		8,700		422
Ventas Inc ‡		11,110		811
Vornado Realty Trust ‡		4,631		295
Welltower Inc ‡		12,307		1,116
Weyerhaeuser Co ‡		22,260		617
				24,002
Utilities — 3.4%
AES Corp/VA		20,412		334
Alliant Energy Corp		7,200		388
Ameren Corp		7,344		588
American Electric Power Co Inc		15,029		1,408
American Water Works Co Inc		5,400		671
Atmos Energy Corp		3,600		410
CenterPoint Energy Inc		15,417		465
CMS Energy Corp		8,613		551
Consolidated Edison Inc		9,978		943
Dominion Energy Inc		24,268		1,967
DTE Energy Co		5,541		737

5 SEI Institutional Managed Trust / Annual Report / September 30, 2019

CONSOLIDATED SCHEDULE OF INVESTMENTS

Dynamic Asset Allocation Fund (Continued)

September 30, 2019

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Duke Energy Corp		22,098	$	2,118
Edison International		10,890		821
Entergy Corp		5,677		666
Evergy Inc		7,300		486
Eversource Energy		9,644		824
Exelon Corp		29,490		1,425
FirstEnergy Corp		15,521		749
NextEra Energy Inc		14,898		3,471
NiSource Inc		11,613		348
NRG Energy Inc		7,964		315
Pinnacle West Capital Corp		3,394		329
PPL Corp		21,639		681
Public Service Enterprise Group Inc		15,357		953
Sempra Energy		8,368		1,235
Southern Co/The		31,382		1,939
WEC Energy Group Inc		9,537		907
Xcel Energy Inc		15,646		1,015
				26,744

Description	Shares		Market Value ($ Thousands)
COMMON STOCK (continued)
Total Common Stock (Cost $508,657) ($ Thousands)			$	748,248
EXCHANGE TRADED FUND — 4.0%
SPDR S&P 500 ETF Trust (A)		107,624		31,939
Total Exchange Traded Fund (Cost $29,022) ($ Thousands)				31,939
Total Investments in Securities — 98.0% (Cost $537,679) ($ Thousands)			$	780,187
	Contracts
PURCHASED SWAPTION* (B) — 0.2%
Total Purchased Swaption (Cost $2,357) ($ Thousands)		864,868,000	$	2,093

A list of the open OTC swaption contracts held by the Fund at September 30, 2019, is as follows:

Description	Counterparty	Number of Contracts/ Notional Amount		Exercise Price		Expiration Date		Value (Thousands)
PURCHASED SWAPTION — 0.3%
Call Swaption — 0.3%
CMS One Look*	Bank of America Merrill Lynch		864,868,000	$	0.14		07/17/2021	$	2,093
Total Purchased Swaption								$	2,093

A list of the open futures contracts held by the Fund at September 30, 2019, is as follows:

Type of Contract	Number of Contracts Long		Expiration Date		Notional Amount (Thousands)		Value (Thousands)		Unrealized Depreciation (Thousands)
S&P 500 Index E-MINI		59		Dec-2019	$	8,859	$	8,787	$	(72	)

A list of the open forward foreign currency contracts held by the Fund at September 30, 2019, is as follows:

Counterparty	Settlement Date		Currency to Deliver (Thousands)			Currency to Receive (Thousands)			Unrealized Appreciation (Depreciation) (Thousands)
Bank of America		01/09/20		USD	3,394		SAR	12,738	$	2
Bank of America		01/09/20		USD	1,663		SAR	6,238		—
Bank of America		01/09/20		SAR	166,457		USD	44,271		(112	)
Barclays PLC		10/10/19		USD	120,513		JPY	12,932,210		(759	)
Citigroup		10/10/19		EUR	1,761		USD	1,919		(3	)
JPMorgan Chase Bank		10/10/19		USD	48,188		EUR	42,883		(1,400	)

6 SEI Institutional Managed Trust / Annual Report / September 30, 2019

CONSOLIDATED SCHEDULE OF INVESTMENTS

Dynamic Asset Allocation Fund (Concluded)

September 30, 2019

Counterparty	Settlement Date		Currency to Deliver (Thousands)			Currency to Receive (Thousands)			Unrealized Appreciation (Depreciation) (Thousands)
JPMorgan Chase Bank		10/10/19		EUR	140,632		USD	160,100	$	6,663
RBC		10/10/19		USD	3,252		JPY	351,252		1
RBC		10/10/19		EUR	5,712		USD	6,405		172
Standard Chartered		10/10/19		EUR	2,519		USD	2,788		40
Standard Chartered		10/10/19		USD	2,526		JPY	272,718		—
Standard Chartered		10/10/19		JPY	799,316		USD	7,544		142
									$	4,746

Percentages are based on Net Assets of $796,335 ($ Thousands).

* Non-income producing security.

^‡  Real Estate Investment Trust.

(A) Security is held by the Dynamic Commodity Strategy Subsidiary Ltd. As of September 30, 2019.

(B) Refer to table below for details on Swaption Contracts.

Cl — Class

ETF — Exchange-Traded Fund

EUR — Euro

JPY — Japanese Yen

PLC — Public Limited Company

S&P — Standard & Poor’s

SAR — Saudi Riyal

SPDR — Standard & Poor’s Depository Receipt

USD — United States Dollar

The following is a list of the level of inputs used as of September 30, 2019, 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		748,248		—		—		748,248
Exchange Traded Fund		31,939		—		—		31,939
Total Investments in Securities		780,187		—		—		780,187

Other Financial Instruments	Level 1 ($)			Level 2 ($)			Level 3 ($)		Total ($)
Purchased Swaption		—			2,093			—		2,093
Futures Contracts *
Unrealized Depreciation		(72	)		—			—		(72	)
Forwards Contracts *
Unrealized Appreciation		—			7,020			—		7,020
Unrealized Depreciation		—			(2,274	)		—		(2,274	)
Total Other Financial Instruments		(72	)		6,839			—		6,767

* Futures contracts and forward contracts are valued at the unrealized appreciation/(depreciation) on the instruments.

For the year ended September 30, 2019, there were no transfers between Level 1 and Level 2 assets and liabilities.

For the year ended September 30, 2019, there were no transfers between Level 2 and Level 3 assets and liabilities.

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

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

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

7 SEI Institutional Managed Trust / Annual Report / September 30, 2019

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”)) (17 CFR 270.30a-3(c)) are effective, based on the evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act (17 CFR 270.30a-3(b)) and Rules 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934 (17 CFR 240.13a-15(b) or 240.15d-15(b)) 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) (17 CFR 270.30a-3(d)) 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, as amended, 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, 2019

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, 2019

By	/s/ James J. Hoffmayer
	James J. Hoffmayer
	Controller & CFO

Date: December 9, 2019