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1 SEI CSR Report, 2020. 2 Investment screens can be applied to equity portfolios and select taxable fixed-income portfolios. Please visit seic.com/glossary for definitions of investment terms. Important Information Data as of November 1, 2020. City National Rochdale, Coho Partners, Ltd. and Parametric Portfolio Associates LLC are not affiliated with SEI or its subsidiaries. Consider the SEI Tactical ETF and Tax -Managed ETF Strategies' investment objectives, risks, charges and expenses carefully before investing. The Strategies invest in exchanged-traded products (ETPs) to obtain the desired exposure to an asset class. A copy of each ETP's prospectus is available upon request. The prospectus includes information concerning each fund's investment objective, strategies and risks. Investment screens are provided by Institutional Shareholder Services Inc. and MSCI ESG Research LLC. Additional information is available upon request. SEI's investment screen vendors can vary from other ESG vendors and advisors with respect to its methodology for constructing screens, including the factors and data that are collected and applied as part of the process. As a result, screens may differ from or contradict the conclusions reached by other ESG vendors or advisors with respect to the same issuers. The selection of a screen will likely contribute to performance deviations from the original strategy. The above descriptions are intended only to provide an investor with a general overview of each screen. A screen may consist of factors that further define the universe of issuers subject to the screen, including factors related to revenue, ESG scoring, and the nexus to the screened sector or activity. For instance, a screen may only apply to issuers that (i) generate a certain level of revenue from the screened sector; or (ii) represent the lowest scoring companies in a particular sector (i.e. the bottom 5%). Please contact your advisor representative for more information regarding a screen, including any additional factors that may impact the screen. For those portfolios of individually managed securities, SEI Investments Management Corporation (SIMC) makes recommendations as to which manager will manage each asset class. Upon SIMC's termination of a manager from the program, SIMC may recommend a replacement money manager and the investor has the option to move the account assets to another custodian or to change the manager. SIMC is a wholly owned subsidiary of SEI Investments Company (SEI). Neither SEI nor its subsidiaries is affiliated with your financial advisor. Please see SIMC's Form ADV Part 2A (or the appropriate wrap brochure) for a full disclosure of the fee schedule. SIMC does not represent in any manner that the tax consequences described as part of its tax-management techniques and strategies will be achieved or that any of SIMC's tax-management techniques, or any of its products and/or services, will result in any particular tax consequence. The tax consequences of the tax-management techniques, including those intended to harvest tax losses, and other strategies that SIMC may pursue are complex and uncertain and may be challenged by the IRS. Neither SIMC nor its affiliates provide tax advice. There are risks involved with investing, including loss of principal. There is no assurance the goals of the strategies discussed will be met. The application of investment screens may cause the manager to make or avoid certain investment decisions when it may be disadvantageous to do so. This means that accounts held in the program may underperform other similar investments that do not apply similar screens when making investment decisions. © 2 0 2 0 S E I 2 0 1 0 1 5 .0 1 ( 1 2 / 2 0 )

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