SEI prepares to launch Multi-Asset Capital Stability Fund

By Toni Weeks

San Diego, Feb. 3 - SEI Institutional Managed Trust announced plans to launch the Multi-Asset Capital Stability Fund on April 3 in an N-1A filing with the Securities and Exchange Commission.

The fund will launch with class A shares, which will trade under the symbol "SCLAX."

The fund will seek to manage risk of loss while providing current income and an opportunity for capital appreciation by selecting investments from a broad range of asset classes. The investments are expected to include short-term U.S. debt obligations and bonds with a duration of less than five years and, to a lesser extent, riskier asset classes such as equities and non-investment-grade securities.

The portfolio managers will be Michael DePalma, Ashwin Alankar, Eugene Shen and Leon Zhu of AllianceBernstein, LP, the fund's subadviser.

The fund will impose a redemption fee of 0.25% on class A shares that are redeemed within any 30-day period. The redemption fee applies only to a redemption or series of redemptions from a single source that totals more than $10 million. There are no other sales fees.

The management fees will be 0.4%. Along with other expenses, the total annual fund operating expenses are expected to be 1.1%.

The investment adviser is Oaks, Pa.-based SEI Investments Management Corp.

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