<PAGE>
As Filed with the Securities and Exchange Commission on July 11, 1995
File No. 33-9504
File No. 811-4878
- --------------------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-1A
REGISTRATION STATEMENT UNDER THE
SECURITIES ACT OF 1933 /___/
POST-EFFECTIVE AMENDMENT NO. 24 / X /
---
and
REGISTRATION STATEMENT UNDER THE
INVESTMENT COMPANY ACT OF 1940 / /
---
AMENDMENT NO. 26 / X /
SEI INSTITUTIONAL MANAGED TRUST
(Exact Name of Registrant as Specified in Charter)
c/o CT Corporation
2 Oliver Street
Boston, Massachusetts 02109
(Address of Principal Executive Offices) (Zip Code)
Registrant's Telephone Number, including Area Code: (800) 342-5734
David G. Lee
c/o SEI Corporation
680 East Swedesford Road
Wayne, Pennsylvania 19087
(Name and Address of Agent for Service)
Copies to:
Richard W. Grant, Esq. John H. Grady, Jr., Esq.
Morgan Lewis & Bockius Morgan Lewis & Bockius
2000 One Logan Square 1800 M Street, N.W.
Philadelphia, Pennsylvania Washington, D.C. 20036
- --------------------------------------------------------------------------------
It is proposed that this filing will become effective (check appropriate box)
X immediately upon filing pursuant to paragraph (b)
---
___ on [date] pursuant to paragraph (b)
___ 60 days after filing pursuant to paragraph (a)
___ 75 days after filing pursuant to paragraph (a)
___ on [date] pursuant to paragraph (a) of Rule 485
- --------------------------------------------------------------------------------
The Registrant has elected to register an indefinite number of securities
pursuant to Rule 24f-2 of the Investment Company Act of 1940. Registrant filed a
24f-2 Notice on November 28, 1994 for its fiscal year ended September 30, 1994.
<PAGE>
SEI INSTITUTIONAL MANAGED TRUST
CROSS REFERENCE SHEET
<TABLE>
<CAPTION>
N-1A ITEM NO. LOCATION
- --------------------------------------------------------------------------------------------------------
PART A- Core Fixed Income, Bond and High Yield Bond Portfolios - Institutional Class
<S> <C> <C>
Item 1. Cover Page Cover Page
Item 2. Synopsis Annual Operating Expenses
Item 3. Condensed Financial Information Financial Highlights
Item 4. General Description of Registrant The Trust; Investment Objectives and
Policies; General Investment Policies;
Description of Permitted Investments and
Risk Factors
Item 5. Management of the Fund General Information-Trustees of the
Trust; The Advisers; The Manager and
Shareholder Servicing Agent
Item 5A. Management's Discussion of Fund Performance **
Item 6. Capital Stock & Other Securities General Information-Voting Rights,
Shareholder Inquiries, Dividends; Taxes
Item 7. Purchase of Securities Being Offered Purchase and Redemption of Shares
Item 8. Redemption or Repurchase Purchase and Redemption of Shares
Item 9. Pending Legal Proceedings *
PART A - Large Cap Value, Large Cap Growth, Small Cap Value, Small Cap Growth,
Capital Appreciation, Equity Income, Balanced, Mid-Cap Growth, Capital Growth
and Real Estate Securities
Portfolios - Institutional Class
Item 1. Cover Page Cover Page
Item 2. Synopsis Annual Operating Expenses
Item 3. Condensed Financial Information Financial Highlights
Item 4. General Description of Registrant The Trust; Investment Objectives and
Policies; General Investment Policies;
Description of Permitted Investments and
Risk Factors
Item 5. Management of the Fund General Information-Trustees of the
Trust; The Advisers and Sub-Advisers;
The Manager and Shareholder Servicing
Agent
Item 5A. Management's Discussion of Fund Performance **
Item 6. Capital Stock & Other Securities General Information-Voting Rights,
Shareholder Inquiries, Dividends; Taxes
Item 7. Purchase of Securities Being Offered Purchase and Redemption of Shares
Item 8. Redemption or Repurchase Purchase and Redemption of Shares
Item 9. Pending Legal Proceedings *
PART A - Core Fixed Income, Bond and High Yield Bond Portfolios - Class D
Item 1. Cover Page Cover Page
</TABLE>
(i)
<PAGE>
<TABLE>
<S> <C>
Item 2. Synopsis Fund Highlights; Shareholder Transaction
Expenses; Annual Operating Expenses
Item 3. Condensed Financial Information Financial Highlights
Item 4. General Description of Registrant General Information-The Trust;
Investment Objectives and Policies;
General Investment Policies; Description
of Permitted Investments and Risk
Factors
Item 5. Management of the Fund General Information-Trustees of the
Trust; The Advisers; The Manager and
Shareholder Servicing Agent
Item 5A. Management's Discussion of Fund Performance **
Item 6. Capital Stock & Other Securities General Information-Voting Rights,
Shareholder Inquiries, Dividends; Taxes
Item 7. Purchase of Securities Being Offered Your Account and Doing Business with
ProVantage Funds; Additional
Information About Doing Business with
ProVantage Funds
Item 8. Redemption or Repurchase Your Account and Doing Business with
ProVantage Funds; Additional
Information About Doing Business with
ProVantage Funds
Item 9. Pending Legal Proceedings *
PART A - Large Cap Value, Large Cap Growth, Small Cap Value, Small Cap Growth,
Capital Appreciation, Equity Income, Balanced and Mid-Cap Growth Portfolios -
Class D
Item 1. Cover Page Cover Page
Item 2. Synopsis Fund Highlights; Shareholder Transaction
Expenses; Annual Operating Expenses
Item 3. Condensed Financial Information Financial Highlights
Item 4. General Description of Registrant General Information-The Trust;
Investment Objectives and Policies;
General Investment Policies; Description
of Permitted Investments and Risk
Factors
Item 5. Management of the Fund General Information-Trustees of the
Trust; The Advisers and Sub-Advisers;
The Manager and Shareholder Servicing
Agent
Item 5A. Management's Discussion of Fund Performance **
Item 6. Capital Stock & Other Securities General Information-Voting Rights,
Shareholder Inquiries, Dividends; Taxes
Item 7. Purchase of Securities Being Offered Your Account and Doing Business with
ProVantage Funds; Additional
Information About Doing Business with
ProVantage Funds
Item 8. Redemption or Repurchase Your Account and Doing Business with
ProVantage Funds; Additional
Information About Doing Business with
ProVantage Funds
Item 9. Pending Legal Proceedings *
</TABLE>
(ii)
<PAGE>
<TABLE>
<S> <C>
PART B - ALL PORTFOLIOS
Item 10. Cover Page Cover Page
Item 11. Table of Contents Table of Contents
Item 12. General Information & History The Trust
Item 13. Investment Objectives & Policies Investment Objectives and Policies;
Investment Limitations; Securities
Lending
Item 14. Management of the Registrant Trustees and Officers of the Trust
(Prospectus); The Manager and
Shareholder Servicing Agent
Item 15. Control Persons & Principal Holders of Trustees and Officers of the Trust
Securities (Prospectus)
Item 16. Investment Advisory & Other Services The Advisers and Sub-Advisers; The
Manager and Shareholder Servicing
Agent; The Distributor; Counsel &
Independent Public Accountants
Item 17. Brokerage Allocation Portfolio Transactions
Item 18. Capital Stock & Other Securities Description of Shares
Item 19. Purchase, Redemption, & Pricing of Securities Purchase and Redemption of Shares
Being Offered (Prospectus); Determination of Net
Asset Value
Item 20. Tax Status Taxes (Prospectus); Taxes
Item 21. Underwriters The Distributor
Item 22. Calculation of Yield Quotation Performance
Item 23. Financial Statements Financial Statements
</TABLE>
PART C
Information required to be included in Part C is set forth under the
appropriate item, so numbered, in Part C of this Registration Statement.
* Not Applicable
** Information required by Item 5A is contained in the 1994 Annual Report to
the Shareholders.
(iii)
<PAGE>
The Prospectus for the Core Fixed Income (formerly, the Intermedidate Bond
Portfolio) and Bond Portfolios, Institutional Class shares, is incorporated by
reference to Post-Effective Amendment No. 21 to the Registrant's Registration
Statement on Form N-1A (File Nos. 33-9504 and 811-4878) filed with the SEC on
November 29, 1994.
The Prospectus for the High Yield Bond Portfolio, Institutional Class shares, is
incorporated by reference to Post-Effective Amendment No. 20 to the Registrant's
Registration Statement on Form N-1A (File Nos. 33-9504 and 811-4878) filed with
the SEC on October 7, 1994, except the financial highlights for the High Yield
Bond Portfolio for the period ended May 31, 1995, which are included herein.
(iv)
<PAGE>
SEI INSTITUTIONAL MANAGED TRUST
SUPPLEMENT DATED JULY 11, 1995 TO PROSPECTUS DATED JANUARY 31, 1995
The Prospectus dated January 31, 1995 relating to the Core Fixed Income,
Bond and High Yield Bond Portfolios of SEI Institutional Managed Trust is hereby
amended and supplemented by the addition of the following unaudited financial
information for the period ended May 31, 1995.
FINANCIAL HIGHLIGHTS SEI INSTITUTIONAL MANAGED TRUST
UNAUDITED
For a Class A Share Outstanding Throughout the Period
<TABLE>
<CAPTION>
HIGH YIELD BOND PORTFOLIO
-----------------------------------------------------
For the period ended May 31,
-----------------------------------------------------
1995(1)
- --------------------------------------------------------------------------------------------------------
<S> <C>
Net Asset Value,
Beginning of Period........................... $10.00
- --------------------------------------------------------------------------------------------------------
Income from Investment Operations:
Net Investment Income......................... 0.33
Net Realized and Unrealized Gains
on Securities................................. 0.52
- --------------------------------------------------------------------------------------------------------
Total from Investment Operations.............. $0.85
- --------------------------------------------------------------------------------------------------------
Less Distributions:
Dividends from Net Investment Income.......... (0.24)
- --------------------------------------------------------------------------------------------------------
Total Distributions........................... $(0.24)
- --------------------------------------------------------------------------------------------------------
Net Asset Value, End of Period................... $10.61
========================================================================================================
Total Return..................................... 8.58%
========================================================================================================
Ratios/Supplemental Data:
Net Assets, End of Period (000).................. $15,876
Ratio of Expenses to Average Net Assets.......... 0.69%*
Ratio of Expenses to Average Net Assets
(Excluding Waivers)............................. 0.82%*
Ratio of Net Investment Income to
Average Net Assets.............................. 9.53%*
Ratio of Net Investment Income to
Average Net Assets (Excluding Waivers).......... 9.40%*
Portfolio Turnover Rate.......................... 19%
========================================================================================================
</TABLE>
* Annualized
(1) High Yield Bond shares were offered beginning January 11, 1995.
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
(v)
<PAGE>
The Prospectus for the Large Cap Value, Small Cap Growth, Capital Appreciation,
Equity Income, Balanced, Mid-Cap Growth, Capital Growth and Real Estate
Securities Portfolios, Institutional Class shares, is incorporated by reference
to Post-Effective Amendment No. 21 to the Registrant's Registration Statement on
Form N-1A (File Nos. 33-9504 and 811-4878) filed with the SEC on November 29,
1994.
The Prospectus for the Large Cap Growth and Small Cap Value Portfolios,
Institutional Class shares, is incorporated by reference to Post-Effective
Amendment No. 20 to the Registrant's Registration Statement on Form N-1A (File
Nos. 33-9504 and 811-4878) filed with the SEC on October 7, 1994.
The Prospectus for the Core Fixed Income (formerly, the Intermediate Bond
Portfolio) and Bond Portfolios, Class D shares, is incorporated by reference to
Post-Effective Amendment No. 21 to the Registrant's Registration Statement on
Form N-1A (File Nos. 33-9504 and 811-4878) filed with the SEC on November 29,
1994.
The Prospectus for the High Yield Bond Portfolio, Class D shares, is
incorporated by reference to Post-Effective Amendment No. 20 to the Registrant's
Registration Statement on Form N-1A (File Nos. 33-9504 and 811-4878) filed with
the SEC on October 7, 1994.
The Prospectus for the Large Cap Value, Small Cap Growth, Capital Appreciation,
Equity Income, Balanced and Mid-Cap Growth Portfolios, Class D shares, is
incorporated by reference to Post-Effective Amendment No. 19 to the Registrant's
Registration Statement on Form N-1A (File Nos. 33-9504 and 811-4878) filed with
the SEC on November 29, 1994.
The Prospectus for the Large Cap Growth and Small Cap Value Portfolios, Class D
shares, is incorporated by reference to Post-Effective Amendment No. 20 to the
Registrant's Registration Statement on Form N-1A (File Nos. 33-9504 and 811-
4878) filed with the SEC on October 7, 1994.
The Statement of Additional Information is incorporated by reference to Post-
Effective Amendment No. 21 to the Registrant's Registration Statement on Form N-
1A (File Nos. 33-9504 and 811-4878) filed with the SEC on November 29, 1994,
except for the unaudited financial statements for the High Yield Bond Portfolio,
for the period ended May 31, 1995, which are included herein.
(vi)
<PAGE>
SEI INSTITUTIONAL MANAGED TRUST
HIGH YIELD BOND PORTFOLIO
Supplement dated July 11, 1995 to the Statement of Additional Information, dated
January 31, 1995 for the Core Fixed Income (formerly the Intermediate Bond
Portfolio), Bond, High Yield Bond, Large Cap Value, Large Cap Growth, Small Cap
Value, Small Cap Growth, Capital Appreciation, Mid-Cap Growth, Capital Growth,
Equity Income, Balanced and Real Estate Securities Portfolios, portfolios of SEI
Institutional Managed Trust.
The Statement of Additional Information for SEI Institutional Managed Trust is
hereby amended and supplemented by the following unaudited financial statements
for the High Yield Bond Portfolio for the period ended May 31, 1995.
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
(vii)
<PAGE>
<TABLE>
<CAPTION>
Statement of Net Assets SEI Institutional Managed Trust
May 31, 1995 Unaudited
Face Market
Amount Value
(000) HIGH YIELD BOND PORTFOLIO (000)
- --------------------------------------------------------------------------------
Corporate Obligations (85.8%)
- --------------------------------------------------------------------------------
<S> <C> <C>
Abbey Healthcare Group
$ 65 9.500%, 11/01/02 .................................. $ 67
Adelphia Communications
100 12.500%, 05/15/02 ................................. 100
AK Steel
100 10.750%, 04/01/04 ................................. 106
Allied Waste Industries
50 12.000%, 02/01/04 ................................. 52
American Restaurant Group
100 12.000%, 09/15/98 ................................. 87
American Standard
20 11.375%, 05/15/04 ................................. 22
250 Zero Coupon, 06/01/05 (B) ......................... 188
Amerigas Partner
100 10.125%, 04/15/07 (A) ............................. 103
Arcadian Partner
100 10.750%, 05/01/05 ................................. 102
Armco
100 11.375%, 10/15/99 ................................. 104
Atlantis Group
50 11.000%, 02/15/03 ................................. 51
Bally's Casino Holding
100 Zero Coupon, 06/15/98 (B) ......................... 68
Bally's Grand
100 10.375%, 12/15/03 ................................. 98
Bally's Health & Tennis
100 13.000%, 01/15/03 ................................. 84
Bally's Park Place Funding
150 9.250%, 03/15/04 .................................. 139
Bayou Steel
100 10.250%, 03/01/01 ................................. 95
Bell Cablemedia
300 Zero Coupon, 07/15/04 (B) ......................... 195
Big V Supermarkets
75 11.000%, 02/15/04 ................................. 66
Building Materials
300 Zero Coupon, 07/01/04 (B) ......................... 183
Cablevision Industries
50 9.250%, 04/01/08 .................................. 51
Cablevision Systems
50 9.875%, 02/15/13 .................................. 51
Casino America
100 11.500%, 11/15/01 ................................. 100
Centennial Cellular
250 10.125%, 05/15/05 ................................. 250
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Statement of Net Assets SEI Institutional Managed Trust
May 31, 1995 Unaudited
Face Market
Amount Value
(000) HIGH YIELD BOND PORTFOLIO (000)
- --------------------------------------------------------------------------------
<S> <C> <C>
CF Cable Television
$ 50 11.625%, 02/15/05 ................................. $ 53
Cole National
250 11.250%, 10/01/01 ................................. 240
Comcast
50 9.500%, 01/15/08 .................................. 49
50 10.625%, 07/15/12 ................................. 53
Container
50 9.750%, 04/01/03 .................................. 51
Continental Cablevision
100 11.000%, 06/01/07 ................................. 110
Continental Medsystems
150 10.875%, 08/15/02 ................................. 155
50 10.375%, 04/01/03 ................................. 51
Coty
100 10.250%, 05/01/05 ................................. 103
County Seat Stores
100 12.000%, 10/01/01 ................................. 100
Crown Packaging Holdings
300 Zero Coupon, 11/01/03 (B) ......................... 150
Dairy Mart Convenience Stores
200 10.250%, 03/15/04 ................................. 170
Diamond Cable Communication
100 Zero Coupon, 09/30/04 (B) ......................... 62
Doman Industries
250 8.750%, 03/15/04 .................................. 237
Domtar
100 11.250%, 09/15/17 ................................. 108
Doskocil Cosmetics
100 9.750%, 07/15/00 .................................. 95
Duane Reade
250 12.000%, 09/15/02 ................................. 215
Exide
100 10.000%, 04/15/05 (A) ............................. 102
Falcon Drilling
100 9.750%, 01/15/01 .................................. 98
Farm Fresh
50 12.250%, 10/01/00 ................................. 48
Farm Fresh, Ser A
200 12.250%, 10/01/00 ................................. 193
Finlay Enterprises
50 Zero Coupon, 05/01/05 (B) ......................... 32
Fort Howard
150 9.000%, 02/01/06 .................................. 139
G-I Holdings
250 Zero Coupon, 10/01/98 (B) ......................... 173
Gaylord Container
50 11.500%, 05/15/01 ................................. 53
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Statement of Net Assets SEI Institutional Managed Trust
May 31, 1995 Unaudited
Face Market
Amount Value
(000) HIGH YIELD BOND PORTFOLIO (000)
- --------------------------------------------------------------------------------
<S> <C> <C>
General Media
$ 100 10.625%, 12/31/00 ................................. $ 84
Geneva Steel
250 9.500%, 01/15/04 .................................. 203
GNF
200 10.625%, 04/01/03 ................................. 165
GPA Delaware
75 8.750%, 12/15/98 .................................. 61
Great Bay Property Funding
105 10.875%, 01/15/04 ................................. 91
Groupe Videotron
100 10.625%, 02/15/05 ................................. 106
Grupo Industrial Durango
100 12.000%, 07/15/01 ................................. 76
GS Technologies
100 12.000%, 09/01/04 ................................. 102
Gulf Canada Resources
100 9.250%, 01/15/04 .................................. 99
Harris Chemical
75 Zero Coupon, 07/15/01 (B) ......................... 68
Healthtrust
100 10.750%, 05/01/02 ................................. 111
Helicon Group
150 9.000%, 11/01/03 .................................. 138
Hills Stores
250 10.250%, 09/30/03 ................................. 244
Hollywood Casino
100 14.000%, 04/01/98 ................................. 109
Host Marriott Hospitality
53 10.625%, 02/01/00 ................................. 55
IMAX
100 7.000%, 03/01/01 .................................. 91
Integrated Health Services
250 9.625%, 05/31/02 (A) .............................. 253
Interlake
200 12.125%, 03/01/02 ................................. 203
International Cabletel
150 12.750%, 04/15/05 (A) ............................. 85
Ithaca Industries
100 11.125%, 12/15/02 ................................. 93
Jones Intercable
100 9.625%, 03/15/02 .................................. 103
Jordan Industries
250 10.375%, 08/01/03 ................................. 238
JPS Automotive Products
100 11.125%, 06/15/01 ................................. 100
K-III Communications
50 10.625%, 05/01/02 ................................. 52
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Statement of Net Assets SEI Institutional Managed Trust
May 31, 1995 Unaudited
Face Market
Amount Value
(000) HIGH YIELD BOND PORTFOLIO (000)
- --------------------------------------------------------------------------------
<S> <C> <C>
Kloster Cruise
$ 150 13.000%, 05/01/03 ................................. $ 127
Malette
100 12.250%, 07/15/04 ................................. 108
Marvel III Holdings
100 9.125%, 02/15/98 .................................. 92
Maxus Energy
250 9.875%, 10/15/02 .................................. 243
Mesa
250 Zero Coupon, 06/30/98 (B) ......................... 241
MFS Communications
300 Zero Coupon, 01/15/04 (B) ......................... 204
Mobile Telecommunications Technologies
50 13.500%, 12/15/02 ................................. 53
Nextel Communications
300 Zero Coupon, 08/15/04 (B) ......................... 149
NL Industries
100 11.750%, 10/15/03 ................................. 106
Panamsat L.P.
50 9.750%, 08/01/00 .................................. 51
Pathmark Stores
300 Zero Coupon, 11/01/03 (B) ......................... 178
Penn Traffic
250 9.625%, 04/15/05 .................................. 237
Petroleum Heat & Power
50 12.250%, 02/01/05 ................................. 53
Pioneer Americas
100 13.375%, 04/01/05 (A) ............................. 105
Platex Family Products
50 9.000%, 02/15/03 .................................. 48
Rainy River Forest Products
100 10.750%, 10/15/01 ................................. 106
Red Roof Inns
50 9.625%, 12/15/03 .................................. 49
Repap Wisconsin
100 9.875%, 05/01/06 .................................. 98
Republic Engineered Steel
150 9.875%, 12/15/01 .................................. 141
Resorts International
100 11.000%, 09/15/03 ................................. 88
Revlon Consumer Products
150 9.375%, 04/01/01 .................................. 145
100 10.500%, 02/15/03 ................................. 99
Rexene
150 11.750%, 12/01/04 ................................. 163
Rogers Cablesystems
100 10.000%, 03/15/05 (A) ............................. 102
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Statement of Net Assets SEI Institutional Managed Trust
May 31, 1995 Unaudited
Face Market
Amount Value
(000) HIGH YIELD BOND PORTFOLIO (000)
- --------------------------------------------------------------------------------
<S> <C> <C>
Santa Fe Energy Resource
$ 50 11.000%, 05/15/04 ................................. $ 53
SCI Television
50 11.000%, 06/30/05 ................................. 52
Sherritt
100 10.500%, 03/31/14 ................................. 100
Showboat
100 9.250%, 05/01/08 .................................. 93
Speicialty Equipement
250 11.375%, 12/01/03 ................................. 252
Station Casinos
100 9.625%, 06/01/03 .................................. 92
Stone Consolidated
100 10.250%, 12/15/00 ................................. 104
Stone Container
100 9.875%, 02/01/01 .................................. 100
Surgical Health
50 11.500%, 07/15/04 ................................. 56
Synthetic Industries
100 12.750%, 12/01/02 ................................. 100
Tracor
50 10.875%, 08/15/01 ................................. 52
Transtexas Gas
100 10.500%, 09/01/00 ................................. 107
Trump Plaza Funding
250 10.875%, 06/15/01 ................................. 229
Trump Taj Mahal PIK
202 11.350%, 11/15/99 ................................. 150
UCC Investors
50 11.000%, 05/01/03 ................................. 52
United International Holding
100 Zero Coupon, 11/15/99 ............................. 58
US Leather
100 10.250%, 07/31/03 ................................. 87
USG
50 9.250%, 09/15/01 .................................. 51
Venture Holdings Trust
250 9.750%, 04/01/04 .................................. 218
Viacom International
100 8.000%, 07/01/06 .................................. 97
Waban
250 11.000%, 05/15/04 ................................. 253
WCI Steel
100 10.500%, 03/01/02 ................................. 102
Wright Medical Technology
50 10.750%, 07/01/01 ................................. 50
- --------------------------------------------------------------------------------
Total Corporate Obligations
(Cost $13,251[000]) .......................... 13,626
- --------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Statement of Net Assets SEI Institutional Managed Trust
May 31, 1995 Unaudited
Face Market
Amount Value
(000) HIGH YIELD BOND PORTFOLIO (000)
- --------------------------------------------------------------------------------
Units (4.8%)
- --------------------------------------------------------------------------------
<S> <C> <C>
Commodore Media 1 Unit = 1 Senior Subordinate Note
+ 1 Warrant
$ 100 7.500%, 05/01/03 (A) .............................. $ 88
Gulf States Steel 1 Unit= 1 Bond + 1 Warrant
100 13.500%, 04/15/03 (A) ............................. 102
Health O Meter 1 Unit = 1 Senior Subordinate Note
+ 1 Warrant = 10.96 Shares Common Stock
100 13.000%, 08/15/02 ................................. 94
In Flight Phone 1 Unit = 1 Note + 1 Warrant
100 Zero Coupon, 05/15/02 (A) ......................... 66
MVE 1 Unit = 1 Senior Note + 1 Warrant
100 12.500%, 02/15/02 ................................. 106
People's Choice TV 1 Unit = 1 Senior Discount Note
+ 1 Warrant = 1.427 Shares Common Stock
400 Zero Coupon, 06/01/04 (B) ......................... 209
Santa Fe Hotel 1 Unit = 1 10,000 First Mortgage
Note + 1 Warrant
100 11.000%, 12/15/00 ................................. 96
- --------------------------------------------------------------------------------
Total Units
(Cost $753[000]) ............................ 761
- --------------------------------------------------------------------------------
Shares
- --------------------------------------------------------------------------------
Warrants (0.0%)
- --------------------------------------------------------------------------------
21 Wright Medical Technology ............................ 3
- --------------------------------------------------------------------------------
Total Warrants
(Cost $3[000]) .............................. 3
- --------------------------------------------------------------------------------
Common Stock (0.0%)
- --------------------------------------------------------------------------------
66 Finlay Enterprises ................................... 1
Total Common Stock
(Cost $1[000]) .............................. 1
- --------------------------------------------------------------------------------
Face
Amount
(000)
- --------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Statement of Net Assets SEI Institutional Managed Trust
May 31, 1995 Unaudited
Face Market
Amount Value
(000) HIGH YIELD BOND PORTFOLIO (000)
- --------------------------------------------------------------------------------
Repurchase Agreement (10.8%)
- --------------------------------------------------------------------------------
<S> <C> <C>
$ 1,708 Sanwa Securities 6.05%, dated 5/31/95, matures
06/01/95, repurchase price
$1,708,287(collateralized by U.S. Treasury Note,
par value $1,714,000, 6.500%, 04/30/97, market
value:$1,752,000) ................................. $ 1,708
- --------------------------------------------------------------------------------
Total Repurchase Agreement
(Cost $1,708[000]) .......................... 1,708
- --------------------------------------------------------------------------------
Total Investments (101.4%)
(Cost $15,716[000]) ............................ 16,099
- --------------------------------------------------------------------------------
Other Assets and Liabilities (-1.4%)
- --------------------------------------------------------------------------------
Other Assets and Liabilities, Net ................... (223)
- --------------------------------------------------------------------------------
Total Other Assets and Liabilities ................... (223)
- --------------------------------------------------------------------------------
Net Assets:
Portfolio shares of Class A (unlimited
authorization -- no par value) based on 1,496,212
outstanding shares of beneficial interest .......... 15,346
Undistributed net investment income .................. 128
Accumulated net realized gain on investments ......... 19
Net unrealized appreciation on investments ........... 383
- --------------------------------------------------------------------------------
Total Net Assets: (100.0%) ........................... $ 15,876
- --------------------------------------------------------------------------------
Net Asset Value, Offering and Redemption Price Per
Share -- Class A ................................... $ 10.61
- --------------------------------------------------------------------------------
</TABLE>
(A) Security exempt from registration under Rule 144A of the
Securities Act of 1933. This security may be resold only in
transactions exempt from registration, normally to qualified
institutional buyers.
(B) Step Bond -the rate reflected on the Statement of Net Assets is
the rate in effect on May 31, 1995. The initial coupon on a step bond
changes on a specific date, to a predetermined higher rate.
LP -Limited partnership
PIK -Payment in Kind
Ser -Series
The accompanying notes are an integral part of the financial statements.
<PAGE>
SEI INSTITUTIONAL MANAGED TRUST HIGH YIELD BOND PORTFOLIO
STATEMENT OF OPERATIONS
JANUARY 11, 1995 THROUGH MAY 31, 1995*
(Unaudited)
<TABLE>
<CAPTION>
Investment Income: (000)
---------
<S> <C>
Interest $320
---------
Expenses:
Management fees 11
Less management fees waived (4)
Investment advisory fees 10
Custodian/wire agent fees 1
Registration & filing fees 1
Printing expense 1
Distribution fees 1
Amortization of deferred
organization costs 1
---------
Total expenses 22
---------
Net investment income 298
---------
Net realized and unrealized gain
on investments.
Net Realized Gain From
Securities Sold 19
Net Change in Unrealized Apreciation
on Investments 383
---------
Net increase in net assets from
operations. $700
=========
</TABLE>
* Shares were offered beginning January 11, 1995.
The accompanying notes are an integral part of the financial statements.
<PAGE>
SEI INSTITUTIONAL MANAGED TRUST HIGH YIELD BOND PORTFOLIO
STATEMENT OF CHANGE IN NET ASSETS
JANUARY 11, 1995 THROUGH MAY 31, 1995 *
(Unaudited)
<TABLE>
Operations: (000)
-----------
<S> <C>
Net Investment Income (Loss) $298
Net realized gain (loss) from security transactions 19
Net realized appreciation (depreciation) on investments 383
-----------
Net increase in net assets resulting from operations 700
-----------
Dividends distributed from:
Net investment income:
Class A (170)
-----------
Capital share transactions:
Class A:
Proceeds from shares issued 15,299
Shares issued in lieu of cash distributions 167
Cost of shares repurchased (120)
-----------
Increase in net assets derived from Class A transactions 15,346
-----------
Net increase in net assets 15,876
-----------
Net assets:
Beginning of period -
-----------
End of period $15,876
===========
Capital share transactions:
Class A:
Shares issued 1,492
Shares issued in lieu of cash distributions 16
Shares repurchased (12)
-----------
Total Class A transactions 1,496
-----------
</TABLE>
* Shares were offered beginning January 11, 1995.
The accompanying notes are an integral part of the financial statements.
<PAGE>
SEI INSTITUTIONAL MANAGED TRUST HIGH YIELD BOND PORTFOLIO
FINANCIAL HIGHLIGHTS
JANUARY 11, 1995 THROUGH MAY 31, 1995**
(Unaudited)
<TABLE>
For a share outstanding throughout the period.
<S> <C>
Net asset value beginning of period $10.00
Income from investment operations:
Net investment income 0.33
Net realized and unrealized gain on securities 0.52
----
Total from investment operations 0.85
----
Dividends from net investment income (0.24)
----
Net asset value end of period $10.61
------
Total Return 8.58%
Net assets end of period $15,876
Ratio of expenses to average net assets 0.69%*
Ratio of net investment income to average net assets 9.53%*
Ratio of expenses to average net assets
(excluding waivers) 0.82%*
Ratio of net investment income to average
net assets (excluding waivers) 9.40%*
Portfolio turnover rate 19%
</TABLE>
* Annualized
** Shares were offered beginning January 11, 1995.
The accompanying notes are an integral part of the financial statements
<PAGE>
NOTES TO THE FINANCIAL STATEMENTS:
(Unaudited)
1. Organization
SEI Institutional Managed Trust (the "Trust") is organized as a Massachusetts
business trust under a Declaration of Trust dated October 20, 1986.
2. Significant Accounting Policies
The Trust is registered under the Investment Company Act of 1940, as amended, as
an open-end investment company with twelve diversified portfolios and one non-
diversified portfolio (the "Portfolios"): Large Cap Value, Large Cap Growth,
Small Cap Value, Small Cap Growth, Mid-Cap Growth, Capital Appreciation, Equity
Income, Balanced, Capital Growth, Core Fixed Income, Bond, and High Yield Bond.
The Real Estate Securities Portfolio had not commenced as of May 31, 1995. The
Trust is registered to offer Class A, Class B and Class D shares of the Large
Cap Value, Large Cap Growth, Small Cap Value, Small Cap Growth, Mid-Cap Growth,
Capital Appreciation, Equity Income, Balanced, Core Fixed Income, Bond, and High
Yield Bond Portfolios. The following is a summary of the significant accounting
policies followed by the High Yield Bond Portfolio of the Trust.
Security Valuation -- Investments in equity securities which are traded on
a national securities exchange (or reported on NASDAQ national market system)
are stated at the last quoted sales price if readily available for such equity
securities on each business day; other equity securities traded in the over-the-
counter market and listed equity securities for which no sale was reported on
that date are stated at the last quoted bid price. Debt obligations with
remaining maturities in excess of sixty days are valued at the most recently
quoted bid price. Debt obligations with remaining maturities of sixty days or
less are valued at their amortized cost.
Federal Income Taxes -- The High Yield Bond Portfolio intends to qualify as
a regulated investment company for Federal income tax purposes and distribute
all of its taxable income (including net capital gains). Accordingly no
provision for Federal income taxes is required.
Net Asset Value Per Share -- Net asset value per share is calculated on a
daily basis by dividing the assets of the High Yield Bond Portfolio less its
liabilities by the number of outstanding shares of the Portfolio.
Repurchase Agreements -- Securities pledged as collateral for repurchase
agreements are held by the High Yield Bond Portfolio's custodian bank until
maturity of the Repurchase Agreement. Provisions of the Agreement and
procedures adopted by the Manager and the Advisers of the Trust ensure 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 collateral declines or if the counterparty enters into
an insolvency proceeding, realization of the collateral by the Portfolios may be
delayed or limited.
Discount and Premium Amortization -- All amortization is calculated using
the effective interest method over the holding period of the security.
Amortization of premiums and discounts is included in interest income.
Classes -- Class-specific expenses are borne by that class of shares.
Income, expenses, and realized and unrealized gains/losses are allocated to the
respective classes on the basis of relative daily net assets.
Distributions -- Distributions from net investment income are paid to
Shareholders monthly for the High Yield Bond Portfolio. Any net realized
capital gains on the sales of securities by a Portfolio are distributed annually
to the Shareholders of the High Yield Bond Portfolio.
Other -- Security transactions are recorded on the trade date of the
security purchase or sale. Cost used in determining net realized capital gains
and losses on the sale of securities are those of the specific securities sold.
Dividend income is recognized on the ex-dividend date, and the interest income
is recognized on the accrual basis.
3. Management, Investment Advisory, and Distribution Agreements
<PAGE>
The Trust and SEI Financial Management Corporation (the "Manager"), a
wholly-owned subsidiary of SEI Corporation, are parties to a management
agreement (the "Agreement") dated January 22, 1987. Under this agreement, the
Manager provides management, administrative, and shareholder servicing for an
annual fee of .35% of the average daily net assets of the High Yield Bond
Portfolio. The Manger has agreed to waive its fee so that the total annual
expenses of each portfolio will not exceed the lower of the maximum limitations
established by certain states or voluntary expense limitations adopted by the
Manager. In the event that the total annual expenses of a Portfolio, after
reflecting a waiver of all fees by the Manager, exceed the specific limitation,
the Manager has agreed to bear such excess.
As of December 16, 1994, SEI Financial Management ("SFM") serves as the
investment advisor to the High Yield Bond Portfolio pursuant to an investment
advisory agreement with the Trust. For its services, SFM receives a fee of
.4875% of the average daily net assets of the High Yield Bond Portfolio. For
the period ended May 31, 1995 SFM received $10,000 as compensation for its
services as investment adviser to the High Yield Bond Portfolio.
BEA Associates ("BEA") serves as investment sub-adviser to the Portfolio
and is party to an investment sub-advisory agreement with the Trust dated April
24, 1995. Currently, BEA receives no fee for its services as investment sub-
adviser, however, if BEA is approved by a shareholder vote as investment sub-
adviser to the High Yield Bond Portfolio, BEA will be entitled to a fee paid
monthly by SFM of .3375% of the average monthly market value of investments
under its management. Prior to April 24, 1995, CS First Boston Investment
Management Corporation ("CS First Boston") acted as investment sub-advisor to
the High Yield Bond Portfolio under an agreement with the Trust dated December
16, 1994. Under this agreement CS First Boston was entitled to a fee paid
monthly by SFM of .3375% of the average monthly market value of investments
under its management
SEI Financial Services Company (the "Distributor"), a wholly-owned
subsidiary of SEI Corporation and a registered broker-dealer, acts as the
distributor of shares of the Trust under a distribution plan which provides for
the Trust to reimburse the Distributor for distribution expenses. Such
expenses may not exceed .30% of the average daily net assets of the Trust's
Class A shares. Distribution expenses include, among other items, the
compensation and benefits of sales personnel incurred by the Distributor in
connection with the promotion and sale of shares. Distribution expenses are
allocated among the Portfolios on the basis of their relative average net
assets. In addition, Portfolios with Class B shares and Class D shares have
separate distribution plans that provide for additional payments to the
Distributor of .30% of each of the Class B and Class D shares average daily net
assets.
The Distribution Agreement between the Distributor and the Trust provides
that the Distributor may receive compensation on portfolio transactions effected
for the Trust in accordance with the rules of the Securities and Exchange
Commission ("SEC"). Accordingly, it is expected that portfolio transactions may
result in brokerage commissions being paid to the Distributor. The SEC rules
require that such commissions not exceed usual and customary commissions.
4. Organizational Costs and Transactions with Affiliates
Organizational costs have been capitalized by the Portfolio and are being
amortized over sixty months commencing with operations. In the event any of the
initial shares are redeemed by any holder thereof during the period that the
portfolio is amortizing its organizational costs, the redemption proceeds
payable to the holder thereof by the Portfolio will be reduced by the
unamortized organizational costs in the same ratio as the number of initial
shares outstanding at the time of the redemption.
Certain officers and/or trustees of the Trust are also officers of the
Manager. The Trust pays each unaffiliated Trustee an annual fee for attendance
of quarterly, interim and committee meetings. Compensation of officers and
affiliated Trustees of the Trust is paid by the Manager.
5. Investment Transactions
The cost of security purchases and proceeds from the sale of securities
including US Government securities, other than temporary cash investments during
the period ended May 31, 1995 were as follows:
<PAGE>
<TABLE>
<CAPTION>
Purchases Sales
(000) (000)
---------------------------------------------------
<S> <C> <C>
High Yield Bond $15,380 $1,421
</TABLE>
On May 31, 1995, the total cost of securities and the net realized gains or
losses on securities sold for Federal income tax purposes was not materially
different from amounts reported for financial reporting purposes. The aggregate
gross unrealized appreciation and depreciation on securities at May 31, 1995 is
as follows:
<TABLE>
<CAPTION>
Appreciated Depreciated Net Unrealized
Securities Securities Appreciation/
(000) (000) (Depreciation)
(000)
---------------------------------------------------
<S> <C> <C> <C>
High Yield Bond 462 79 383
</TABLE>
The market values of the High Yield Bond Portfolio's investments will
change in response to interest rate changes and other factors. During periods
of falling interest rates, the values of fixed income securities generally rise.
Conversely, during periods of rising interest rates, the values of such
securities generally decline. Changes by recognized rating agencies in the
ratings of any fixed income security and in the ability of an issuer to make
payments of interest and principal may also affect the value of these
investments.
<PAGE>
PART C. OTHER INFORMATION
Item 24. Financial Statements and Exhibits:
(a) Financial Statements:
1. Audited Financial Statements for the Core Fixed Income (formerly the
Intermediate Bond Portfolio), Bond, Large Cap Value, Small Cap Growth,
Mid-Cap Growth, Capital Appreciation, Equity Income and Balanced
Portfolios of the Registrant for the fiscal period ended September 30,
1994, included in the Statement of Additional Information, filed as
part of Post-Effective Amendment No. 21 to the Registrant's
Registration Statement on Form N-1A (File Nos. 33-9504 and 811-4878)
are incorporated by reference, as filed with the SEC on November 29,
1994.
2. Unaudited Financial Statements for the Large Cap Growth and Small Cap
Value Portfolios of the Registrant for the period ended March 31, 1995
are incorporated by reference to the Statement of Additional
Information, filed as part of Post-Effective Amendment No. 23 to the
Registrant's Registration Statement on Form N-1A (File Nos. 33-9504 and
811-4878) as filed with the SEC on June 19, 1995.
3. Unaudited Financial Statements for the High Yield Bond Portfolio of the
Registrant for the period ended May 31, 1995 are included herein.
(b) Additional Exhibits:
(1) Declaration of Trust./1/
(2) By-Laws./1/
(3) Not Applicable.
(4) Not Applicable.
(5) (a) Management Agreement between the Trust and SEI
Financial Management Corporation./1/
(5) (b) Investment Advisory Agreement between the Trust and
SunBank, N.A. with respect to the Trust's Capital
Appreciation Portfolio./3/
(5) (c) Investment Advisory Agreement between the Trust and
The Bank of California with respect to the Trust's
Equity Income Portfolio./3/
(5) (d) Investment Advisory Agreement between the Trust and
Merus Capital Management, Inc. with respect to the
Trust's Equity Income Portfolio./3/
(5) (e) Investment Advisory Agreement between the Trust and
Boatmen's Trust Company with respect to the Trust's
Bond Portfolio./4/
(5) (f) Investment Advisory Agreement between the Trust and
Bank One, Indianapolis, N.A. with respect to the
Trust's Limited Volatility Bond Portfolio./5/
(5) (g) Schedule C to Management Agreement between the Trust
and SEI Financial Management Corporation adding the
Mid-Cap Growth Portfolio./6/
(5) (h) Investment Advisory Agreement between the Trust and
Nicholas-Applegate Capital Management with respect to
the Trust's Mid-Cap Growth Portfolio./6/
(5) (i) Form of Investment Advisory Agreement between the
Trust and Investment Advisers, Inc. with respect to
the Trust's Small Cap Growth Portfolio./9/
(5) (j) Form of Investment Advisory Agreement between the
Trust and Nicholas Applegate Capital Management with
respect to the Trust's Small Cap Growth Portfolio./9/
(5) (k) Form of Investment Advisory Agreement between the
Trust and Pilgrim Baxter Greig & Associates with
respect to the Trust's Small Cap Growth Portfolio./9/
(5) (l) Investment Advisory Agreement between the Trust and
Duff & Phelps Investment Management Co. with respect
to the Trust's Value Portfolio./10/
(5) (m) Schedule D to Management Agreement between the Trust
and SEI Financial Management Corporation adding the
Real Estate Securities Portfolio./10/
<PAGE>
(5) (n) Form of Investment Advisory Agreement between the
Trust and E.I.I. Realty Securities, Inc. with respect
to the Trust's Real Estate Securities Portfolio./10/
(5) (o) Investment Advisory Agreement between the Trust and
Western Asset Management with respect to the Trust's
Intermediate Bond Portfolio./15/
(5) (p) Investment Advisory Agreement between the Trust and
Mellon Equity Associates with respect to the Trust's
Large Cap Value Portfolio./15/
(6) Distribution Agreement between the Trust and SEI Financial
Services Company./1/
(7) Not Applicable.
(8) (a) Custodian Agreement between the Trust and CoreStates
Bank, N.A. (formerly
Philadelphia National Bank)./2/
(8) (b) Custodian Agreement between the Trust and United
States National Bank of Oregon./2/
(9) Not Applicable.
(10) Opinion and Consent of Counsel./2/
(11) Consent of Independent Public Accountants.*
(12) Not Applicable.
(13) Not Applicable.
(14) Not Applicable.
(15) (a) Distribution Plan pursuant to Rule 12b-1 (Class A)./1/
(15) (b) Distribution Plan pursuant to Rule 12b-1 (Class B).
/10/
(15) (c) Form of Distribution Plan pursuant to Rule 12b-1
(ProVantage Class)./12/
(15) (d) Rule 18F-3 Multiple Class Plan./16/
(16) Performance Quotation Computation./13/
(17) Powers of Attorney./14/
________________________________________________________
* Filed herewith.
1 Incorporated by reference to Registrant's Registration Statement
on Form N-1A (File No. 33-9504) filed with the SEC on October
17, 1986.
2 Incorporated by reference to Pre-Effective Amendment No. 1 to
Registrant's Registration Statement on Form N-1A (File No. 33-
9504) filed with the SEC on January 29, 1987.
3 Incorporated by reference to Post-Effective Amendment No. 4 to
Registrant's Registration Statement on Form N-1A (File No. 33-
9504) filed with the SEC on November 25, 1987.
4 Incorporated by reference to Post-Effective Amendment No. 5 to
Registrant's Registration Statement on Form N-1A (File No. 33-
9504) filed with the SEC on November 30, 1988.
5 Incorporated by reference to Post-Effective Amendment No. 6 to
Registrant's Registration Statement on Form N-1A (File No. 33-
9504) filed with the SEC on M ay 4, 1989.
6 Incorporated by reference to Post-Effective Amendment No. 12 to
Registrant's Registration Statement on Form N-1A (File No. 33-
9504) filed with the SEC on September 15, 1992.
7 Incorporated by reference to Post-Effective Amendment No. 13 to
Registrant's Registration Statement on Form N-1A (File No. 33-
9504) filed with the SEC on October 30, 1992.
8 Incorporated by reference to Post-Effective Amendment No. 14 to
Registrant's Registration Statement on Form N-1A (File No. 33-
9504) filed with the SEC on December 1, 1992.
9 Incorporated by reference to Post-Effective Amendment No. 15 to
Registrant's Registration Statement on Form N-1A (File No. 33-
9504) filed with the SEC on March 4, 1993.
10 Incorporated by reference to Post-Effective Amendment No. 17 to
Registrant's Registration Statement on Form N-1A (File No. 33-
9504) filed with the SEC on June 21, 1993.
11 Incorporated by reference to Post-Effective Amendment No. 18 to
Registrant's Registration Statement on Form N-1A (File No. 33-
9504) filed with the SEC on August 31, 1993.
12 Incorporated by reference to Post-Effective Amendment No. 19 to
Registrant's Registration Statement on Form N-1A (File No. 33-
9504) filed with the SEC on December 2, 1993.
13 Incorporated by reference to Post-Effective Amendment No. 19 to
Registrant's Registration Statement on Form N-1A (File No. 33-
9504) filed with the SEC on December 2, 1993.
14 Incorporated by reference to Post-Effective Amendment No. 20 to
Registrant's Registration Statement on Form N-1A (File No. 33-
9504) filed with the SEC on October 7, 1994.
2
<PAGE>
15 Incorporated by reference to Post-Effective Amendment No. 21 to
Registrant's Registration Statement on Form N-1A (File No. 33-
9504) filed with the SEC on November 29, 1994.
16 Incorporated by reference to Post-Effective Amendment No. 23 to
Registrant's Registration Statement on Form N-1A (File No. 33-
9504) filed with the SEC on June 19, 1995.
Item 25. Persons Controlled by or under Common Control with Registrant:
None.
Item 26. Number of Holders of Securities:
As of June 29, 1995
<TABLE>
<CAPTION>
NUMBER OF
RECORD
TITLE OF CLASS HOLDERS
-------------- --------
<S> <C>
Shares of beneficial interest, without par value-
Large Cap Value Portfolio
Class A................................................................. 148
Class D................................................................... 0
Balanced Portfolio
Class A................................................................... 47
Class D................................................................... 0
Capital Appreciation Portfolio
Class A.................................................................. 211
Class D................................................................... 99
Equity Income Portfolio
Class A.................................................................. 170
Class D.................................................................. 124
Core Fixed Income Portfolio
Class A.................................................................. 159
Class D................................................................... 14
Bond Portfolio
Class A.................................................................. 107
Class D................................................................... 38
Small Cap Growth Portfolio
Class A.................................................................. 177
Class D................................................................... 25
Mid-Cap Growth Portfolio
Class A................................................................... 83
Class D................................................................... 8
Capital Growth Portfolio..................................................... 17
Real Estate Securities Portfolio............................................. 0
Large Cap Growth Portfolio
Class A................................................................... 76
Small Cap Value Portfolio
Class A................................................................... 79
High Yield Bond Portfolio
Class A................................................................... 15
</TABLE>
Item 27. Indemnification:
Article VIII of the Agreement and Declaration of Trust filed as Exhibit 1 to the
Registration Statement is incorporated by reference. Insofar as indemnification
for liabilities arising under the Securities Act of 1933
3
<PAGE>
may be permitted to trustees, directors, officers and controlling persons of the
Registrant by the Registrant pursuant to the Declaration of Trust or otherwise,
the Registrant is aware that in the opinion of the Securities and Exchange
Commission, such indemnification is against public policy as expressed in the
Act and, therefore, is unenforceable. In the event that a claim for
indemnification against such liabilities (other than the payment by the
Registrant of expenses incurred or paid by trustees, directors, officers or
controlling persons of the Registrant in connection with the successful defense
of any act, suite or proceeding) is asserted by such trustees, directors,
officers or controlling persons in connection with the shares being registered,
the Registrant will, unless in the opinion of its counsel the matter has been
settled by controlling precedent, submit to a court of appropriate jurisdiction
the question whether such indemnification by it is against public policy as
expressed in the Act and will be governed by the final adjudication of such
issues.
Item 28. Business and Other Connections of Investment Adviser:
Other business, profession, vocation, or employment of a substantial nature
in which each director or principal officer of each Investment Adviser is or has
been, at any time during the last two fiscal years, engaged for his own account
or in the capacity of director, officer, employee, partner or trustee are as
follows:
<TABLE>
<CAPTION>
NAME AND POSITION CONNECTION WITH
WITH INVESTMENT ADVISER NAME OF OTHER COMPANY OTHER COMPANY
----------------------- --------------------- ---------------
<S> <C> <C>
BOATMEN'S TRUST COMPANY
Clarence C. Barksdale Southwestern Bell Corp. Director
Director of Adviser
Washington University Vice Chairman
John F. Biggs, Jr. Brown Group, Inc. Senior Vice President
Director of Adviser
Gerald D. Blatherwick Southwestern Bell Corporation Vice Chairman
Director of Adviser
Telmex Director
Stephen F. Brauer Hunter Engineering Company President
Director of Adviser
Mary Leyhe Burke, Ph.D. Whitfield School Head of School
George K. Conant Tri-Star Supply, Inc. Consultant
Director of Adviser
Blue Cross/Blue Shield of Missouri Director
Boatmen's Bancshares, Inc. Chairman and Chief Executive
Andrew B. Craig III Officer
Director of Adviser
The Boatmen's National Bank of St. Louis Director
The Boatmen's Bank of Delaware Chairman
Petrolite Corp. Director
Anheuser-Busch Company, Inc. Director
Wm. S. Barnickel & Co. Director
</TABLE>
4
<PAGE>
<TABLE>
<CAPTION>
NAME AND POSITION CONNECTION WITH
WITH INVESTMENT ADVISER NAME OF OTHER COMPANY OTHER COMPANY
----------------------- --------------------- ---------------
<S> <C> <C>
Donald Danforth, Jr. Danforth Agri-Resources, Inc. President
Director of Adviser
Kennelwood Village, Inc. President
Vector Corp. Chairman
Ralston Purina Co. Chairman
Martin E. Gait, III -- --
President of Adviser
A. William Hager Hager Hinge Company Chairman
Director of Adviser
Laclede Steel Co. Director
Muny Opera Director
Samuel E. Hayes, III Boatmen's National Bank of St. Louis Chairman, President & C.F.O.
Boatmen's Bancshares, Inc. President
Edwin S. Jones
Director of Adviser -- --
Robert E. Kresko Rekko Management Co. President
Director of Adviser
Cupplos Manufacturing Co. Director
Nooney R.E.I.T. Director
Stanley L. Lopata Lopata Research and Development Corp. President
Director of Adviser
Jones Medical Industries Director
John Peters MacCarthy Boatmen's Bancshares, Inc. Vice Chairman and Director
Director of Adviser
Boatmen's Trust Chairman and Chief Executive
Company Officer
Union Electric Company Director
James S. McDonnell, III McDonnell-Douglas Corp. Director
Director of Adviser
Automobile Club of Missouri Director
John B. McKinney Laclede Steel Company President, Chief Executive Officer
Director of Adviser and Director
Automobile Club of Missouri Director
Webster University Director
</TABLE>
5
<PAGE>
<TABLE>
<CAPTION>
NAME AND POSITION CONNECTION WITH
WITH INVESTMENT ADVISER NAME OF OTHER COMPANY OTHER COMPANY
----------------------- --------------------- ---------------
<S> <C> <C>
Whitfield School Director
St. Louis University Advisory Board Member
Reuben M. Morriss, III Boatmen's Trust Company Vice Chairman
Director of Adviser
The Boatmen's National Bank of St. Louis Executive Vice President and Senior
Trust Officers
Bellefontaine Cemetery Director
Churchill School Director
Opera Theatre of St. Louis Director
St. Louis Bi-State Director
American Red Cross
St. Louis Country Club Director
St. Luke's Hospital Director
William Woods College Chairman
Dolor P. Murray
Director of Adviser -- --
William C. Nelson Boatmen's First National Bank of Kansas Chairman, President & C.E.O.
City
Boatmen's Bank of Delaware Director
Boatmen's Bancshares of Iowa Director
Consumer Bankers Association Director
Kansas City Board of Trade Director
Edward L. O'Neill Marathon Electric Company Director's Executive Committee
Chair
Spencer T. Olin
Director of Adviser -- --
William A. Peck, M.D. Washington University School of Medicine Executive Vice Chancellor & Dean
W. R. Persons
Director of Adviser -- --
Jerry E. Ritter Boatmen's Bancshares, Inc. Director
Director of Adviser
</TABLE>
6
<PAGE>
<TABLE>
<CAPTION>
NAME AND POSITION CONNECTION WITH
WITH INVESTMENT ADVISER NAME OF OTHER COMPANY OTHER COMPANY
----------------------- --------------------- ---------------
<S> <C> <C>
Anheuser-Busch Companies Executive Vice President, Chief
Financial Officer and Chief
Administrative Officer
Lawrence K. Roos Maritz, Inc. Director
Laclede Steel Co. Director
Vanliner, Inc. Director
Louis S. Sachs Sachs Properties, Inc. Chairman
Director of Adviser
SEM5 Chairman
Sachs Holdings, Inc. Chairman
Washington University Trustee
Missouri Botanical Gardens Trustee Emeritus
Hugh Scott, III Western Diesel Service, Inc. Chairman and Chief Executive
Director of Adviser Officer
Warren M. Shapleigh Barry-Wehmiller Company Director
Director of Adviser
Schmid, Inc. Director
Union Pacific Co. Director
Robert H. Shoenberg Sydney M. Shoenberg & Co. Partner
Shoenberg Foundation, Inc President
Orbit Corporation President
Sydney M. Shoenberg, Jr. Sydney M. Shoenberg & Co. Partner
Shoenberg Foundation, Inc Chairman
Orbit Corporation Chairman
Richard W. Shomaker Brown Group, Inc Consultant
Director of Adviser
Lee-Rowan Company Director
Brice R. Smith, Jr. Sverdrup Corporation Chairman and Chief Executive
Director of Adviser Officer
William D.Stamper W. D. Stamper Company President
Director of Adviser
</TABLE>
7
<PAGE>
<TABLE>
<CAPTION>
NAME AND POSITION CONNECTION WITH
WITH INVESTMENT ADVISER NAME OF OTHER COMPANY OTHER COMPANY
----------------------- --------------------- ---------------
<S> <C> <C>
Harold E. Thayer
Director of Adviser -- --
Janet M. Weakley Janet McAfee Inc. Real Estate President
Director of Adviser
Gordon E. Wells Boatmen's First National Bank of Kansas Director
City
Eugene F. Williams, Jr. Olin Corporation Director
AMR Corporation Director
Emerson Electric Co. Director
SUNBANK CAPITAL MANAGEMENT, N.A.
Anthony R. Gray
Chairman & Chief Investment -- --
Officer
John D. Race -- --
President & Chief Administrative
Officer
Elliott A. Perny -- --
Senior Executive Vice President
Chief Portfolio Manager
Victor A. Zollo, Jr. -- --
Executive Vice President,
Director of Marketing
Robert Buhrmann -- --
Senior Vice President
L. Earl Denney -- --
Senior Vice President
Gregory M. DePrince -- --
Senior Vice President
Thomas A. Edgar -- --
Senior Vice President
Stuart F. Van Arsdale -- --
Senior Vice President
Ryan R. Burrow -- --
Vice President
</TABLE>
8
<PAGE>
<TABLE>
<CAPTION>
NAME AND POSITION CONNECTION WITH
WITH INVESTMENT ADVISER NAME OF OTHER COMPANY OTHER COMPANY
----------------------- --------------------- ---------------
<S> <C> <C>
Christopher A. Jones
Vice President, Internal Control -- --
Officer
Judith C. McAnney
Vice President -- --
Mills A. Riddick
Vice President -- --
Michael R. Scoffone
Vice President -- --
Anne S. Smith
Vice President -- --
David E. West
Vice President -- --
Janice K. Buzzelli
Assistant Vice President -- --
William Breda, Jr.
Assistant Vice President -- --
J. Kurt Wood
Assistant Vice President -- --
BANK OF CALIFORNIA
Stanley F. Farrar Sullivan & Cromwell Partner
Director of Adviser
Kazuo Ibuki The Mitsubishi Bank Limited Chairman
Director
Raymond E. Miles Univ. of California Dean
Director of Adviser School of Bus.Admin
J. Fernado Niedbla Infotec Development, Inc. Chairman & CEO
Director of Adviser
Hiroo Nozawa BanCal Tri-State Corporation Chairman, President & CEO
Director of Adviser
Chairman, President & CEO
Carl W. Robertson Warland Investments Company Managing Director
Director of Adviser
Paul W. Steere Bogle & Gates Partner
Director of Adviser
</TABLE>
9
<PAGE>
<TABLE>
<CAPTION>
NAME AND POSITION CONNECTION WITH
WITH INVESTMENT ADVISER NAME OF OTHER COMPANY OTHER COMPANY
----------------------- --------------------- ---------------
<S> <C> <C>
Charles R. Scott Intermark, Inc. President & CEO
Director of Adviser
Henry T. Swigert ESCO Corporation Chairman
Director of Adviser
Yasuyuki Hirai The Mitsubishi Bank --
Director of Adviser,
Chief Executive Officer
Minoru Noda
Director of Adviser,
Vice Chairman Credit & Finance -- --
Samuel L. Williams Hufstedler, Miller Partner
Director of Adviser Kaus & Beardsley
Roy A. Henderson -- --
Director of Advisor,
Chairman, Regional Banking
Takejiro Sneyoshi MBL New York Branch Director & General Manager
Director of Adviser
Peter R. Butcher -- --
Executive Vice President
Chief Credit Officer
David W. Ehlers -- --
Executive Vice President
Chief Financial Officer
Michael Spilsbury -- --
Executive Vice President
Resources & Services Sector
William R. Sweet -- --
Executive Vice President
Wholesale & International Group
James M. Castro
Secretary -- --
Luke Mazor
Senior Vice President & Manager -- --
WESTERN ASSET MANAGEMENT COMPANY
</TABLE>
Western Asset Management Company is the investment viser for the Intermediate
Bond Portfolio. The principal address of Western Asset Management Compais 117
East Colorado Boulevard, Pasadena, California 91105. Western Asset Management
Companyan investment adviser registered under the Advisers Act.
10
<PAGE>
The list required by this Item 28 of officers and directors of Western Asset
Management Company, together with information as to any other business
profession, vocation, or employment of a substantial nature engaged in by such
officers and directors during the past two years is incorporated by reference to
Schedules A and D of Form ADV filed by Western Asset Management Company to the
Advisers Act (SEC File No. 801-08162).
PILGRIM BAXTER & ASSOCIATES
Pilgrim Baxter & Associates is the investment adviser for the Small Cap Growth
Portfolio. The principal address of Pilgrim Baxter & Associates is 1255 Drummers
Lane, Suite 300, Wayne, Pennsylvania 19087. Pilgrim Baxter & Associates is an
investment adviser registered under the Advisers Act.
The list required by this Item 28 of officers and directors of Western Asset
Management Company, together with information as to any other business
profession, vocation, or employment of a substantial nature engaged in by such
officers and directors during the past two years is incorporated by reference to
Schedules A and D of Form ADV filed by Pilgrim Baxter & Associates to the
Advisers Act (SEC File No. 801-19165).
NICHOLAS APPLEGATE CAPITAL MANAGEMENT
Nicholas Applegate Capital Management is the investment adviser for the Small
Cap Growth and Mid-Cap Growth Portfolios. The principal address of Nicholas
Applegate Capital Management is 600 West Broadway, 29th Floor, San Diego,
California 92101. Nicholas Applegate Capital Management is an investment adviser
registered under the Advisers Act.
The list required by this Item 28 of officers and directors of Nicholas
Applegate Management, together with information as to any other business
profession, vocation, or employment of a substantial nature engaged in by such
officers and directors during the past two years is incorporated by reference to
Schedules A and D of Form ADV filed by Nicholas Applegate Capital Management to
the Advisers Act (SEC File No. 801-21442).
INVESTMENT ADVISERS, INC.
Investment Advisers, Inc. is the investment adviser for the Small Cap Growth
Portfolio. The principal address of Investment Advisers, Inc. is 3700 First Bank
Place, 601 Second Avenue, Minneapolis, Minnesota 55402. Investment Advisers,
Inc.is an investment adviser registered under the Advisers Act.
The list required by this Item 28 of officers and directors of Nicholas
Applegate Management, together with information as to any other business
profession, vocation, or employment of a substantial nature engaged in by such
officers and directors during the past two years is incorporated by reference to
Schedules A and D of Form ADV filed by Investment Advisers, Inc. to the Advisers
Act (SEC File No. 801-3784).
E.I.I. REALTY SECURITIES, INC.
E.I.I. Realty Securities, Inc. is the investment adviser for the Real Estate
Securities Portfolio. The principal address of E.I.I. Realty Securities, Inc. is
667 Madison Avenue, 16th floor, New York, New York 10021. E.I.I. Realty
Securities, Inc. is an investment adviser registered under the Advisers Act.
The list required by this Item 28 of officers and directors of E.I.I. Realty
Securities, Inc., together with information as to any other business profession,
vocation, or employment of a substantial nature engaged in by such officers and
directors during the past two years is incorporated by reference to Schedules A
and D of Form ADV filed by E.I.I. Realty Securities, Inc. to the Advisers Act
(SEC File No. 801-44099).
MELLON EQUITY ASSOCIATES
11
<PAGE>
Mellon Equity Associates is an investment adviser for the Large Cap Value
Portfolio. The principal address of Mellon Equity Associates is 500 Grant
Street, Suite 3700, Pittsburgh, Pennsylvania. Mellon Equity Associates is an
investment adviser registered under the Advisers Act.
The list required by this Item 28 of officers and directors of E.I.I. Realty
Securities, Inc., together with information as to any other business profession,
vocation, or employment of a substantial nature engaged in by such officers and
directors during the past two years is incorporated by reference to Schedules A
and D of Form ADV filed by Mellon Equity Associates to the Advisers Act (SEC
File No. 801-28692).
SEI FINANCIAL MANAGEMENT CORPORATION
SEI Financial Management Company ("SFM") is the investment adviser for the Large
Cap Value, Large Cap Growth, Small Cap Value and High Yield Bond Portfolios. The
principal address of SFM is 680 East Swedesford Road, Wayne, Pennsylvania 19087.
SFM is an investment adviser registered under the Advisers Act.
The list required by this Item 28 of officers and directors of SFM, together
with information as to any other business profession, vocation, or employment of
a substantial nature engaged in by such officers and directors during the past
two years is incorporated by reference to Schedules A and D of Form ADV filed by
SFM to the Advisers Act (SEC File No. 801-24593).
CS FIRST BOSTON INVESTMENT MANAGEMENT CORPORATION
CS First Boston Investment Management Corporation is the sub-adviser for the
Registrant's High Yield Portfolio. The principal address of CS First Boston
Investment Management Corporation is 599 Lexington Avenue, New York, New York
10022. CS First Boston Investment Management Corporation is an investment
adviser registered under the Advisors Act.
The list required by this Item 28 of officers and directors of CS First Boston
Investment Management Corporation, together with information as to any other
business profession, vocation, or employment of a substantial nature engaged in
by such officers and directors during the past two years is incorporated by
reference to Schedules A and D of Form ADV filed by CS First Boston Investment
Management Corporation to the Advisers Act (SEC File No. 801-11906).
1838 INVESTMENT ADVISORS, L.P.
1838 Investment Advisors, L.P. is the sub-adviser for the Registrant's Small Cap
Value Portfolio. The principal address of 1838 Investment Advisors, L.P. is 100
Matsonford Road, Radnor, Pennsylvania 19087. 1838 Investment Advisors, L.P. is
an investment adviser registered under the Advisors Act.
The list required by this Item 28 of officers and directors of 1838 Investment
Advisors, L.P., together with information as to any other business profession,
vocation, or employment of a substantial nature engaged in by such officers and
directors during the past two years is incorporated by reference to Schedules A
and D of Form ADV filed by 1838 Investment Advisors, L.P. to the Advisers Act
(SEC File No. 801-33025).
ALLIANCE CAPITAL MANAGEMENT L.P.
Alliance Capital Management L.P. is the sub-adviser for the Registrant's Large
Cap Growth Portfolio. The principal address of Alliance Capital Management L.P.
is 1345 Avenue of the Americas, New York, New York 10105. Alliance Capital
Management L.P. is an investment adviser registered under the Advisors Act.
The list required by this Item 28 of officers and directors of Alliance Capital
Management L.P., together with information as to any other business profession,
vocation, or employment of a substantial nature engaged in by such officers and
directors during the past two years is incorporated by reference to Schedules A
and D of Form ADV filed by Alliance Capital Management L.P. to the Advisers Act
(SEC File No. 801-32361).
12
<PAGE>
IDS ADVISORY GROUP INC.
IDS Advisory Group Inc. is the sub-adviser for the Registrant's Large Cap Growth
Portfolio. The principal address of IDS Advisory Group Inc. is IDS Tower 10,
Minneapolis, Minnesota 55440. IDS Advisory Group Inc. is an investment adviser
registered under the Advisors Act.
The list required by this Item 28 of officers and directors of IDS Advisory
Group Inc., together with information as to any other business profession,
vocation, or employment of a substantial nature engaged in by such officers and
directors during the past two years is incorporated by reference to Schedules A
and D of Form ADV filed by IDS Advisory Group Inc. to the Advisers Act (SEC File
No. 801-25943).
Item 29. Principal Underwriters:
(a) Furnish the name of each investment company (other than the Registrant) for
which each principal underwriter currently distributing the securities of
the Registrant also acts as a principal underwriter, distributor or
investment adviser.
Registrant's distributor, SEI Financial Services Company ("SFS"), acts as
distributor for:
<TABLE>
<S> <C>
SEI Daily Income Trust July 15, 1982
SEI Liquid Asset Trust November 29, 1982
SEI Tax Exempt Trust December 3, 1982
SEI Index Funds July 10, 1985
SEI Institutional Managed Trust January 22, 1987
SEI International Trust August 30, 1988
Stepstone Funds January 30, 1991
The Compass Capital Group March 8, 1991
FFB Lexicon Funds October 18, 1991
The Advisors' Inner Circle Fund November 14, 1991
The Pillar Funds February 28, 1992
CUFUND May 1, 1992
STI Classic Funds May 29, 1992
CoreFunds, Inc. October 30, 1992
First American Funds, Inc. November 1, 1992
First American Investment Funds, Inc. November 1, 1992
The Arbor Fund January 28, 1993
1784 Funds June 1, 1993
MarquisSM Funds August 17, 1993
Morgan Grenfell Investment Trust January 3, 1994
The PBHG Funds, Inc. July 16, 1993
Nationar Funds, Inc. June 15, 1994
Inventor Funds, Inc. August 1, 1994
The Achievement Funds Trust December 27, 1994
Insurance Investment Products Trust December 30, 1994
Bishop Street Funds January 27, 1995
CrestFunds, Inc. March 1, 1995
Conestoga Family of Funds May 1, 1995
</TABLE>
SFS provides numerous financial services to investment managers, pension
plan sponsors, and bank trust departments. These services include portfolio
evaluation, performance measurement and consulting services ("Funds
Evaluation") and automated execution, clearing and settlement of securities
transactions ("MarketLink").
13
<PAGE>
(b) Furnish the Information required by the following table with respect to
each director, officer or partner of each principal underwriter named in the
answer to Item 21 of Part B. Unless otherwise noted, the business address of
each director or officer is 680 East Swedesford Road, Wayne, PA 19087.
<TABLE>
<CAPTION>
Position and Office Positions and Offices
Name with Underwriter with Registrant
- ---------------------------------------------------------------------------------------------------------
<S> <C> <C>
Alfred P. West, Jr. Director, Chairman & Chief Executive Officer --
Henry H. Greer Director, President & Chief Operating Officer --
Carmen V. Romeo Director, Executive Vice President & Treasurer Treasurer &
Assistant Secretary
Gilbert L. Beebower Executive Vice President --
Richard B. Lieb Executive Vice President --
Charles A. Marsh Executive Vice President-Capital Resources Division --
Leo J. Dolan, Jr. Senior Vice President --
Carl A. Guarino Senior Vice President --
Jerome Hickey Senior Vice President --
David G. Lee Senior Vice President President & Chief
Executive Officer
William Madden Senior Vice President --
A. Keith McDowell Senior Vice President --
Dennis J. McGonigle Senior Vice President --
Hartland J. McKeown Senior Vice President --
James V. Morris Senior Vice President --
Steven Onofrio Senior Vice President --
Kevin P. Robins Senior Vice President, General Counsel & Vice President
Secretary & Assistant Secretary
Robert Wagner Senior Vice President --
Patrick K. Walsh Senior Vice President --
Kenneth Zimmer Senior Vice President --
Robert Crudup Managing Director --
Ward Curtis Vice President --
Jeff Drennen Vice President --
Vic Galef Managing Director --
Lawrence D. Hutchison Vice President --
Kim Kirk Managing Director --
John Krzeminski Managing Director --
Carolyn McLaurin Managing Director --
Barbara Moore Managing Director --
Donald Pepin Managing Director --
Mark Samuels Managing Director --
Wayne M. Withrow Managing Director --
Robert Ludwig Team Leader Assistant Secretary
Vicki Malloy Team Leader Assistant Secretary
Mick Duncan Team Leader Assistant Secretary
Robert Aller Vice President --
Charles Baker Vice President --
Steve Bendinelli Vice President --
Cris Brookmyer Vice President & Controller --
Gordon W. Carpenter Vice President --
Robert B. Carroll Vice President & Assistant Secretary Vice President &
Assistant Secretary
Ed Daly Vice President --
Lucinda Duncalfe Vice President --
Kathy Hellig Vice President --
Michael Kantor Vice President --
</TABLE>
14
<PAGE>
<TABLE>
<CAPTION>
Position and Office Positions and Offices
Name with Underwriter with Registrant
- ---- ---------------- ---------------
<S> <C> <C>
Samuel King Vice President --
Donald H. Korytowski Vice President --
Robert S. Ludwig Vice President --
Jack May Vice President --
Sandra K. Orlow Vice President & Assistant Secretary Vice President &
Assistant Secretary
Kim Rainey Vice President --
Paul Sachs Vice President --
Steve Smith Vice President --
Kathryn L. Stanton Vice President & Assistant Secretary Vice President &
Assistant Secretary
Daniel Spaventa Vice President --
William Zawaski Vice President --
Larry Pokora Vice President --
James Dougherty Director of Brokerage Services --
</TABLE>
Item 30. Location of Accounts and Records:
Books or other documents required to be maintained by Section 31(a) of
the Investment Company Act of 1940, and the rules promulgated thereunder, are
maintained as follows:
(a) With respect to Rules 31a-1(a); 31a-1(b)(1); (2)(a) and (b); (3);
(6); (8); (12); and 31a-1(d), the required books and records are
maintained at the offices of Registrant's Custodian:
CoreStates Bank, N.A.
Broad and Chestnut Streets
P.O. Box 7618
Philadelphia, PA 19101
(b)/(c) With respect to Rules 31a-1(a); 31a-1(b)(1),(4); (2)(C) and
(D); (4); (5); (6); (8); (9); (10); (11); and 31a-1(f), the required
books and records are maintained at the offices of Registrant's
Manager:
SEI Financial Management Corporation
680 E. Swedesford Road
Wayne, PA 19087
(c) With respect to Rules 31a-1(b)(5),(6),(9) and 10 and 31a-1(f), the
required books and records are maintained at the principal offices of
the Registrant's Advisers:
Western Asset Management
117 East Colorado Boulevard
Pasadena, CA 91105
Mellon Equity Associates
500 Grant Street.
15
<PAGE>
Suite 3700
Pittsburgh, PA 15258
SunBank Capital Management, N.A.
P.O. Box 3808
Orlando, FL 32802
Pilgrim Baxter & Associates, Ltd.
1255 Drummers Lane, Suite 300
Wayne, PA 19087
Investment Advisers, Inc.
3700 First Bank Place
601 Second Avenue
Minneapolis, MN 55402
Boatmen's Trust Company
510 Locust Street
St. Louis, MO 63101
Merus Capital Management
475 Sansome Street
San Francisco, CA 94104
Nicholas Applegate Capital Management
600 West Broadway, 29th Floor
San Diego, CA 92101
E.I.I. Realty Securities, Inc.
667 Madison Avenue
16th Floor
New York, NY 10021
SEI Financial Management Corporation
680 E. Swedesford Road
Wayne, PA 19087
IDS Advisory Group Inc.
IDS Tower 10
Minneapolis, MN 55440
1838 Investment Advisors, L.P.
100 Matsonford Road
Radnor, PA 19087
Alliance Capital Management L.P.
1345 Avenue of the Americas
New York, NY 10105
CS First Boston Investment Management Corporation
599 Lexington Avenue
36th Floor
New York, NY 10022
16
<PAGE>
Item 31. Management Services:
None.
Item 32. Undertakings:
Registrant undertakes to file a post-effective amendment containing
reasonably current financial statements, which need not be certified, for the
Real Estate Securities Portfolio, within four to six months of the effective
date of such Portfolio's Registration Statement or the commencement of
operations of such Portfolio, whichever is later.
Registrant hereby undertakes that whenever Shareholders meeting the
requirements of Section 16(c) of the Investment Company Act of 1940 inform the
Board of Trustees of their desire to communicate with Shareholders of the Trust,
the Trustees will inform such Shareholders as to the approximate number of
Shareholders of record and the approximate cost of mailing or afford said
Shareholders access to a list of Shareholders.
Registrant undertakes to hold a meeting of Shareholders for the purpose
of voting upon the question of removal of a Trustee(s) when requested in writing
to do so by the holders of at least 10% of Registrant's outstanding shares and
in connection with such meetings to comply with the provisions of Section 16(c)
of the Investment Company Act of 1940 relating to Shareholder communications.
Registrant undertakes to furnish each person to whom a prospectus for
any series of the Registrant is delivered with a copy of the Registrant's latest
annual report to shareholders for such series, when such annual report is issued
containing information called for by Item 5A of Form N-1A, upon request and
without charge.
17
<PAGE>
NOTICE
A copy of the Agreement and Declaration of Trust of SEI Institutional
Managed Trust is on file with the Secretary of State of The Commonwealth of
Massachusetts and notice is hereby given that this Registration Statement has
been executed on behalf of the Trust by an officer of the Trust as an officer
and by its Trustees as trustees and not individually and the obligations of or
arising out of this Registration Statement are not binding upon any of the
Trustees, officers, or Shareholders individually but are binding only upon the
assets and property of the Trust.
18
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, as amended, and the
Investment Company Act of 1940, as amended, the Registrant certifies that it
meets all of the requirements for the effectiveness of this Registration
Statement pursuant to Rule 485(b) under the Securities Act of 1933 and has duly
caused this Amendment to Registration Statement No. 33-9504 to be signed on its
behalf by the undersigned, thereunto duly authorized, in the City of Wayne,
Commonwealth of Pennsylvania on the 11th day of July, 1995.
SEI INSTITUTIONAL MANAGED TRUST
By /s/ David G. Lee
------------------
David G. Lee
President
ATTEST:
By /s/ Jeffrey A. Cohen
----------------------
Jeffrey A. Cohen
Controller
Pursuant to the requirements of the Securities Act of 1933, this Amendment to
the Registration Statement has been signed below by the following persons in the
capacity on the dates indicated.
<TABLE>
<S> <C> <C>
*
- ---------------------------- Trustee July 11, 1995
Richard F. Blanchard
*
- ---------------------------- Trustee July 11, 1995
William M. Doran
*
- ---------------------------- Trustee July 11, 1995
F. Wendell Gooch
*
- ---------------------------- Trustee July 11, 1995
Frank E. Morris
*
- ---------------------------- Trustee July 11, 1995
James M. Storey
*
- ---------------------------- Trustee July 11, 1995
Robert A. Nesher
/s/ Jeffrey A. Cohen
- ---------------------------- Trustee July 11, 1995
Jeffrey A. Cohen
/s/ Carmen V. Romeo
- ---------------------------- Controller & Assistant Secretary July 11, 1995
Carmen V. Romeo
Treasurer & Assistant Secretary July 11, 1995
*By /s/ David G. Lee
----------------------
David G. Lee
Attorney in Fact
</TABLE>
19
<PAGE>
Exhibit Index
<TABLE>
<CAPTION>
Exhibit Page
- ------- ----
<S> <C>
(1) Declaration of Trust./1/
(2) By-Laws./1/
(3) Not Applicable.
(4) Not Applicable.
(5) (a)Management Agreement between the Trust and SEI Financial Management
Corporation./1/
(5) (b) Investment Advisory Agreement between the Trust and SunBank,
N.A. with respect to the Trust's Capital Appreciation
Portfolio./3/
(5) (c) Investment Advisory Agreement between the Trust and The Bank of
California with respect to the Trust's Equity Income
Portfolio./3/
(5) (d) Investment Advisory Agreement between the Trust and Merus
Capital Management, Inc. with respect to the Trust's Equity
Income Portfolio./3/
(5) (e) Investment Advisory Agreement between the Trust and Boatmen's
Trust Company with respect to the Trust's Bond Portfolio./4/
(5) (f) Investment Advisory Agreement between the Trust and Bank One,
Indianapolis, N.A. with respect to the Trust's Limited
Volatility Bond Portfolio./5/
(5) (g) Schedule C to Management Agreement between the Trust and SEI
Financial Management Corporation adding the Mid-Cap Growth
Portfolio./6/
(5) (h) Investment Advisory Agreement between the Trust and Nicholas-
Applegate Capital Management with respect to the Trust's Mid-Cap
Growth Portfolio./6/
(5) (i) Form of Investment Advisory Agreement between the Trust and
Investment Advisers, Inc. with respect to the Trust's Small Cap
Growth Portfolio./9/
(5) (j) Form of Investment Advisory Agreement between the Trust and
Nicholas Applegate Capital Management with respect to the
Trust's Small Cap Growth Portfolio./9/
(5) (k) Form of Investment Advisory Agreement between the Trust and
Pilgrim Baxter Greig & Associates with respect to the Trust's
Small Cap Growth Portfolio./9/
(5) (l) Investment Advisory Agreement between the Trust and Duff &
Phelps Investment Management Co. with respect to the Trust's
Value Portfolio./10/
(5) (m) Schedule D to Management Agreement between the Trust and SEI
Financial Management Corporation adding the Real Estate
Securities Portfolio./10/
(5) (n) Form of Investment Advisory Agreement between the Trust and
E.I.I. Realty Securities, Inc. with respect to the Trust's Real
Estate Securities Portfolio./10/
(5) (o) Investment Advisory Agreement between the Trust and Western
Asset Management with respect to the Trust's Intermediate Bond
Portfolio./15/
(5) (p) Investment Advisory Agreement between the Trust and Mellon
Equity Associates with respect to the Trust's Large Cap Value
Portfolio./15/
(6) Distribution Agreement between the Trust and SEI Financial Services
Company./1/
(7) Not Applicable.
(8) (a) Custodian Agreement between the Trust and CoreStates Bank, N.A.
(formerly Philadelphia National Bank)./2/
(8) (b) Custodian Agreement between the Trust and United States National
Bank of Oregon./2/
(9) Not Applicable.
(10) Opinion and Consent of Counsel./2/
</TABLE>
20
<PAGE>
<TABLE>
<CAPTION>
Exhibit Page
- ------- ----
<S> <C>
(11) Consent of Independent Public Accountants.*
(12) Not Applicable.
(13) Not Applicable.
(14) Not Applicable.
(15) (a) Distribution Plan pursuant to Rule 12b-1 (Class A)./1/
(15) (b) Distribution Plan pursuant to Rule 12b-1 (Class B)./10/
(15) (c) Form of Distribution Plan pursuant to Rule 12b-1 (ProVantage
Class)./12/
(15) (d) Rule 18F-3 Multiple Class Plan./16/
(16) Performance Quotation Computation./13/
(17) Powers of Attorney./14/
________________________________________________________________________________
* Filed herewith.
/1/ Incorporated by reference to Registrant's Registration Statement on
Form N-1A (File No. 33-9504) filed with the SEC on October 17, 1986.
/2/ Incorporated by reference to Pre-Effective Amendment No. 1 to
Registrant's Registration Statement on Form N-1A (File No. 33-9504)
filed with the SEC on January 29, 1987.
/3/ Incorporated by reference to Post-Effective Amendment No. 4 to
Registrant's Registration Statement on Form N-1A (File No. 33-9504)
filed with the SEC on November 25, 1987.
/4/ Incorporated by reference to Post-Effective Amendment No. 5 to
Registrant's Registration Statement on Form N-1A (File No. 33-9504)
filed with the SEC on November 30, 1988.
/5/ Incorporated by reference to Post-Effective Amendment No. 6 to
Registrant's Registration Statement on Form N-1A (File No. 33-9504)
filed with the SEC on May 4, 1989.
/6/ Incorporated by reference to Post-Effective Amendment No. 12 to
Registrant's Registration Statement on Form N-1A (File No. 33-9504)
filed with the SEC on September 15, 1992.
/7/ Incorporated by reference to Post-Effective Amendment No. 13 to
Registrant's Registration Statement on Form N-1A (File No. 33-9504)
filed with the SEC on October 30, 1992.
/8/ Incorporated by reference to Post-Effective Amendment No. 14 to
Registrant's Registration Statement on Form N-1A (File No. 33-9504)
filed with the SEC on December 1, 1992.
/9/ Incorporated by reference to Post-Effective Amendment No. 15 to
Registrant's Registration Statement on Form N-1A (File No. 33-9504)
filed with the SEC on March 4, 1993.
/10/ Incorporated by reference to Post-Effective Amendment No. 17 to
Registrant's Registration Statement on Form N-1A (File No. 33-9504)
filed with the SEC on June 21, 1993.
/11/ Incorporated by reference to Post-Effective Amendment No. 18 to
Registrant's Registration Statement on Form N-1A (File No. 33-9504)
filed with the SEC on August 31, 1993.
/12/ Incorporated by reference to Post-Effective Amendment No. 19 to
Registrant's Registration Statement on Form N-1A (File No. 33-9504)
filed with the SEC on December 2, 1993.
/13/ Incorporated by reference to Post-Effective Amendment No. 19 to
Registrant's Registration Statement on Form N-1A (File No. 33-9504)
filed with the SEC on December 2, 1993.
</TABLE>
21
<PAGE>
<TABLE>
<CAPTION>
Exhibit Page
- ------- ----
<S> <C>
/14/ Incorporated by reference to Post-Effective Amendment No. 20 to
Registrant's Registration Statement on Form N-1A (File No. 33-9504)
filed with the SEC on October 7, 1994.
/15/ Incorporated by reference to Post-Effective Amendment No. 21 to
Registrant's Registration Statement on Form N-1A (File No. 33-9504)
filed with the SEC on November 29, 1994.
/16/ Incorporated by reference to Post-Effective Amendment No. 23 to
Registrant's Registration Statement on Form N-1A (File No. 33-9504)
filed with the SEC on June 19, 1995.
</TABLE>
22
<PAGE>
Exhibit 11
CONSENT OF INDEPENDENT ACCOUNTANTS
We hereby consent to the use in the Statement of Additional Information which is
incorporated by reference in this Post-Effective Amendment No. 24 to the
registration statement on Form N-1A (the "Registration Statement") of our report
dated November 11, 1994, relating to the September 30, 1994 financial statements
and financial highlights of the Equity Income, Value, Capital Appreciation,
Capital Growth, Mid-Cap Growth, Small Cap Growth, Balanced, Intermediate Bond
and Bond Portfolios of SEI Institutional Managed Trust, which appears in such
Statement of Additional Information, and to the incorporation by reference of
our report into the Prospectuses which are incorporated by reference in this
Registration Statement. We also consent to the references to us under the
headings "Financial Statements" and "Experts" in such Statement of Additional
Information and to the references to us under the headings "Financial
Highlights" and "Counsel and Independent Accountants" in such Prospectuses.
/s/ Price Waterhouse LLP
PRICE WATERHOUSE LLP
Philadelphia, Pennsylvania
July 5, 1995
<TABLE> <S> <C>
<PAGE>
<ARTICLE> 6
<CIK> 0000804239
<NAME> SEI INSTITUTIONAL MANAGED TRUST
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 4-MOS
<FISCAL-YEAR-END> SEP-30-1995
<PERIOD-START> JAN-11-1995
<PERIOD-END> MAY-31-1995
<INVESTMENTS-AT-COST> 15,716
<INVESTMENTS-AT-VALUE> 16,099
<RECEIVABLES> 0
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 16,099
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 223
<TOTAL-LIABILITIES> 223
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 15,346
<SHARES-COMMON-STOCK> 1,496
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 128
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 19
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 383
<NET-ASSETS> 15,876
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 320
<OTHER-INCOME> 0
<EXPENSES-NET> (22)
<NET-INVESTMENT-INCOME> 298
<REALIZED-GAINS-CURRENT> 19
<APPREC-INCREASE-CURRENT> 383
<NET-CHANGE-FROM-OPS> 700
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (170)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 15,299
<NUMBER-OF-SHARES-REDEEMED> (120)
<SHARES-REINVESTED> 167
<NET-CHANGE-IN-ASSETS> 15,876
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 10
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 26
<AVERAGE-NET-ASSETS> 8,115
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> 0.33
<PER-SHARE-GAIN-APPREC> 0.52
<PER-SHARE-DIVIDEND> (0.24)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 10.61
<EXPENSE-RATIO> 0.69
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
