MULTI-ASSET REAL RETURN FUND Fund Summary

Total return exceeding the rate of inflation.

This table describes the fees and expenses that you may pay if you buy and hold
Fund shares.

Annual Fund Operating Expenses		SIIT Multi-Asset Real Return Fund Class A
Management Fees		0.55%
Distribution (12b-1) Fees		none
Other Expenses	^[1]	0.15%
Acquired Fund Fees and Expenses (AFFE)	^[2]	0.22%
Total Annual Fund Operating Expenses		0.92%

[1]	Other expenses are based on estimated amounts for the current fiscal year.
[2]	AFFE is based on estimated amounts for the current fiscal year.

This Example is intended to help you compare the cost of investing in the Fund
with the cost of investing in other mutual funds. The Example assumes that you
invest $10,000 in the Fund for the time periods indicated and then redeem all of
your shares at the end of those periods. The Example also assumes that your
investment has a 5% return each year and that the Fund's operating expenses
remain the same.

Expense Example (USD $)	Expense Example, By Year, Column Name	Expense Example, With Redemption, 1 Year	Expense Example, With Redemption, 3 Years
SIIT Multi-Asset Real Return Fund Class A	Class A Shares	94	293

The Fund will pay transaction costs, such as commissions, when it buys and sells
securities (or "turns over" its portfolio). A higher portfolio turnover rate may
indicate higher transaction costs and may result in higher taxes when Fund
shares are held in a taxable account. These costs, which are not reflected in
annual fund operating expenses or in the Example, affect the Fund's performance.

The Fund uses a multi-manager approach under the general supervision of SEI
Investments Management Corporation (SIMC), allocating its assets among one or
more sub-advisers (each, a Sub-Adviser and collectively, the Sub-Advisers) using
different investment strategies designed to produce a total return that exceeds
the rate of inflation in the U.S. SIMC may also directly manage a portion of the
Fund's portfolio.

Under normal circumstances, the Fund will pursue its investment goal by
selecting investments from a broad range of asset classes, including fixed
income and equity securities and commodity linked instruments. The Fund seeks
"real return" (i.e., total returns that exceed the rate of inflation over a full
market cycle regardless of market conditions). The Fund may invest in U.S. and
non-U.S. dollar-denominated securities.

Fixed income securities may include: (i) securities issued or guaranteed by the
U.S. Government and its agencies and instrumentalities and obligations of U.S.
and foreign commercial banks, such as certificates of deposit, time deposits,
bankers' acceptances and bank notes; (ii) obligations of foreign governments;
(iii) Treasury Inflation Protected Securities (TIPS) and other inflation-linked
debt securities; (iv) U.S. and foreign corporate debt securities, including
commercial paper, and fully-collateralized repurchase agreements with highly
rated counterparties (those rated A or better); and (v) securitized issues such
as mortgage-backed securities, asset-backed securities, commercial
mortgage-backed securities and collateralized debt obligations. The Fund may
invest in debt securities of any credit quality, including those rated below
investment grade (known as "junk bonds") or, if unrated, of equivalent credit
quality as determined by the Fund's managers. The Fund may invest in securities
with a broad range of maturities.

Equity securities may include common or preferred stocks, warrants, rights,
depositary receipts, equity-linked securities and other equity interests. The
Fund may invest in securities of issuers of any market capitalization and may
invest in both foreign and domestic equity securities. In addition to direct
investment in securities and other instruments, the Fund may invest in
affiliated and unaffiliated funds, including open-end funds, closed-end funds
and exchange traded funds (ETFs) (collectively, Underlying Funds). The Fund may
also invest in real estate investment trusts (REITs) and U.S. and non-U.S. real
estate companies.

A portion of the Fund's assets may also be invested in commodity-linked
securities to provide exposure to the investment returns of the commodities
markets without investing directly in physical commodities. Commodity-linked
securities 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 Fund may also invest in equity securities
of issuers in commodity-related industries.

The Fund may also purchase or sell futures contracts, options, forward contracts
and swaps for return enhancement or hedging purposes. Futures contracts, forward
contracts and swaps are used to synthetically obtain exposure to securities or
baskets of securities and to manage the Fund's interest rate duration and yield
curve exposure. These derivatives are also used to mitigate the Fund's overall
level of risk and/or the Fund's risk to particular types of securities or market
segments. The Fund may purchase or sell futures contracts on U.S. Government
securities for return enhancement. Interest rate swaps are further used to manage
the Fund's yield spread sensitivity. Securities index swaps are used to manage the
inflation-adjusted return of the Fund. The Fund may buy credit default swaps in an
attempt to manage credit risk where the Fund has credit exposure to an issuer, and
the Fund may sell credit default swaps to more efficiently gain credit exposure to
a security or basket of securities.

Due to its investment strategy, the Fund may buy and sell securities frequently.

The success of the Fund's investment strategy depends both on SIMC's selection
of the Underlying Funds and sub-advisers and allocating assets to such
Underlying Funds and Sub-Advisers. SIMC, an Underlying Fund or Sub-Advisers may
be incorrect in assessing market trends or the value or growth capability of
particular securities or asset classes. In addition, the methodology by which
SIMC allocates the Fund's assets to the Underlying Funds and Sub-Advisers may
not achieve desired results and may cause the Fund to lose money or underperform
other comparable mutual funds.

The Fund, Underlying Funds and Sub-Advisers may apply any of a variety of
investment strategies and may invest in a broad range of asset classes,
securities and other investments to achieve their designated investment
strategies. The principal risks of using such investment strategies and making
investments in such asset classes, securities and other investments are set
forth below. Because an Underlying Fund's use of an investment strategy or
investment in an asset class, security or other investment is subject to the
same or similar risks as the Fund's use of such strategy or investment in such
asset class, security or other investment, the term "the Fund" in the paragraphs
below collectively refers to both the Fund and each Underlying Fund.

Asset-Backed Securities Risk - Payment of principal and interest on asset-backed
securities is dependent largely on cash flows generated by the assets backing
the securities, and asset-backed securities may not have the benefit of any
security interest in the related assets.

Below Investment Grade Securities Risk (High Yield Securities or Junk Bonds) -
Fixed income securities rated below investment grade involve greater risks of
default or downgrade and are more volatile than investment grade securities.

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.

Corporate Fixed Income Securities Risk - Corporate fixed income securities
respond to economic developments, especially changes in interest rates, as well
as to 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 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.

Derivatives Risk - The Fund's use of futures contracts, forward contracts,
options and swaps is subject to market risk, leverage risk, correlation risk and
liquidity 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. The Fund's use of forward contracts and swap agreements is
also subject to credit risk and valuation risk. Valuation risk is the risk that
the derivative may be difficult to value and/or may be valued incorrectly.
Credit risk is described above. Each of these risks could cause the Fund to lose
more than the principal amount invested in a derivative instrument.

Equity Market Risk - The risk that stock prices will fall over short or extended
periods of time.

Extension Risk - The risk that rising interest rates may extend the duration of
a fixed income security, typically reducing the security's value.

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. In the case of foreign securities, price
fluctuations will reflect international economic and political events as well as
changes in currency valuations relative to the U.S. dollar.

Foreign Issuer Risk - The risk that issuers in foreign countries face political
and economic events unique to those countries. These events will not necessarily
affect the U.S. economy or similar issuers located in the U.S.

Inflation Protected Securities Risk - The value of inflation protected
securities, including TIPS, will generally fluctuate in response to changes in
"real" interest rates, 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 the Fund's yield will decline due to falling
interest rates. A rise in interest rates typically causes a fall in the value of
fixed income securities in which the Fund invests, while a fall in interest
rates typically causes a rise in the value of such securities.

Investment Company Risk - When the Fund invests in an investment company, it
will bear a pro rata portion of the investment company's expenses in addition to
directly bearing the expenses associated with its own operations. Furthermore,
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 that of the underlying
portfolio securities.

Leverage Risk - 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 otherwise be advantageous to do so in order to
satisfy its obligations.

Liquidity Risk - The risk that certain securities may be difficult or impossible
to sell at the time and price that the Fund would like. The Fund may have to
lower the price, 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 bond market as a whole.

Mortgage-Backed Securities Risk - Mortgage-backed securities are affected by,
among other things, interest rate changes and the possibility of prepayment of
the underlying mortgage loans. Mortgage-backed securities are also subject to
the risk that underlying borrowers will be unable to meet their obligations.

Non-Diversified Risk - The Fund is non-diversified, which means that it may
invest in the securities of relatively few issuers. As a result, the Fund 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.

Prepayment Risk - The risk that, with declining interest rates, fixed income
securities with stated interests may have the principal paid earlier than
expected, requiring the Fund to invest the proceeds at generally lower interest
rates.

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.

Real Estate Industry Risk - Securities of companies principally engaged in the
real estate industry may be subject to the risks associated with direct
ownership of real estate, including fluctuations in the value of underlying
properties and defaults by borrowers or tenants.

REITs - 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.

Small and Medium Capitalization Risk - The small and medium capitalization
companies in which the Fund invests may be more vulnerable to adverse business
or economic events than larger, more established companies. In particular,
smaller companies may have limited product lines, markets and financial
resources and may depend upon a relatively small management group. Therefore,
small cap and medium cap stocks may be more volatile than those of larger
companies. Small cap stocks may be traded over the counter or listed on an
exchange.

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.

Loss of money is a risk of investing in the Fund.

As of June 23, 2011, the Fund had not yet commenced operations and did not have a performance history.