SAMM vs SEIM

SAMMCStrategas Macro Momentum ETF

SEIMASEI QiM U.S. Large Cap Momentum Active ETF

In short

SAMM Strategas made its name selling macro research to institutions. SAMM is that call in a ticker: 20 to 50 momentum leaders, with room to shift into Treasuries or gold when the tape turns. 0.65%, net of a waiver through April 30, 2027.

SEIM Momentum with a chaperone. SEI's quant model buys U.S. large caps that have been running, then leans on quality, value and low volatility to sand off the edges, all for 0.15% a year.

Stated mandate

SAMM The fund applies a macro momentum strategy. Its macro analysis considers economy-wide, policy, socioeconomic, and global developments, while momentum examines intermediate-term absolute and relative price trends.

SEIM The Fund seeks long-term capital appreciation by investing primarily in U.S. common stocks with relatively strong recent performance, using quantitative active stock selection and portfolio optimization.

Why people hold it

• SAMM Most momentum funds stay fully in stocks. SAMM's documents let it hold Treasury ETFs, gold ETPs or cash when its read turns defensive, a lever index rivals JMOM and VFMO lack.businesswire.com
• A concentrated book: 20 to 50 US-listed names, drawn up and down the cap scale for technical and relative strength, rather than a slice of a broad momentum index.businesswire.com
• The adviser is the asset management arm of Strategas Securities, an institutional macro research house, so the portfolio is that firm's house view expressed in stocks.businesswire.com
• At 0.65% net of a waiver through April 30, 2027, the fee sits near the median for systematic US momentum funds, despite the discretionary machinery behind it.

• SEIM Charges 0.15% a year, a fraction of the typical fund in its active momentum peer group and level with the cheapest brand-name momentum ETFs like MTUM.
• Not pure chase-the-winners: the prospectus model also weighs quality, value and low volatility, so recent strength gets vetted, not just ranked.
• Roughly 70 names, concentrated enough for the factor to actually show up, run as an active quant mandate rather than a fixed index rebuild.
• Stacks up as one of the stronger implementations among the systematic U.S. momentum funds we cover.

Worth knowing

• SAMM Index momentum runs far cheaper: JMOM 0.12%, VFMO 0.13%, SEIM 0.15%, no waivers involved. SAMM's 0.65% net rests on a waiver through April 30, 2027; gross is 1.07%.
• Discretion cuts both ways: when the managers rotate into Treasuries or gold, the fund can behave quite differently from a straight US stock portfolio.businesswire.com
• A small, lightly traded fund next to the category's index giants, which can mean wider spreads at the screen and more care needed on size.

• SEIM Momentum buys what has already moved. When market leadership rotates, this style can turn over quickly and trail the broad market.
• Launched in 2022, so the live record is short and hasn't spanned many market regimes.
• Mid-sized and moderately traded, so bid-ask spreads are worth a glance at the moment you trade.

Full SAMM profile⁠

Full SEIM profile⁠