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© 2023 SEI 6 2022 SEI Fund Capital Gain Distribution Estimates SEI has provided estimates of the 2022 capital gain distributions, which are paid by SEI Mutual Funds in December. Estimates provided are for planning purposes only. The actual amount of capital gain distribution could be significantly higher or lower than the estimates provided due to certain book/tax differences, which cannot be determined until 30 days after the measurement period for the capital gain has been closed. The 2022 Capital Gain Distribution Estimates can be found on SEI's Knowledge Center website, accessed from www.SEIAdvisorCenter.com. The information is posted on the home page of Knowledge Center. Market-Value Fluctuation Due to Capital Gain Distributions We have received calls in the past questioning the fluctuation in the market value of an account at the time that the SEI Mutual Fund capital gain distributions are paid. Although this situation is typical, the example below helps to illustrate why there may be a noticeable fluctuation in the market value on the Payable Date. Example: Record date = Tuesday, 12/14 Ex-date = Wednesday 12/15 Payable date = Thursday 12/16 The NAV on 12/15 (Ex-date) for the Funds will be reduced by the amount of the capital gain distribution (per share plus or minus market fluctuation for that day). However, the receipt of the actual capital gain (and subsequent reinvestment which buys shares of that Fund) is not booked until 12/16 (Payable date). Therefore, an advisor or investor who is looking at an account balance on Wednesday 12/15, priced as of Tuesday 12/14, may see a lower market value than expected. The account balance will "normalize" on Thursday 12/16, when the account is valued based on the 12/14 price that includes the actual capital gain distribution booked on 12/16. If a sell is made of the asset paying a capital gain distribution on the record date, the sold quantity will not be included in the capital gain distribution payout from the asset. Similarly, if a buy is placed on the record date, the account will receive a capital gain distribution from the asset for the quantity purchased; plus any prior holdings. Realized and Unrealized Gain/Loss Information You can review your client's realized and unrealized gains and losses by using the Client U.S. Lot Details – Summary. You can run it for one or more clients and it will show a summary of the gain and loss information by account. The user can select on any amount to view more details. To get to this report from the SEI Advisor Desktop, from the external links icon in the blue header bar, select Wealth Platform and then Reports, Subjects and then Holdings. Once you determine the clients or accounts that have large gains and then they can use the Tax-Loss Harvesting wizard to determine which assets and lots to trade. From www.SEIAdvisorCenter.com, you can get to the Tax-Loss Harvesting wizard by selecting the client and then selecting the Actions icon and then Tax-Loss Harvest. Missing or Unknown Cost Basis If SPTC does not have the cost basis for a client's taxable account, either for all assets or specific assets, please make every effort to provide that information. If the assets were transferred in-kind to SPTC, the delivering company has a 60 day 'expectation' to provide the cost basis. If the cost basis hasn't been provided after that time, you can contact the delivering custodian to request they send it to SPTC. Otherwise, please provide the cost-basis information to SPTC by the deadlines stated in the 2022 Year-End Tax Calendar so that any cost information contained on the 2022 tax forms is accurate for the tax year. The cost basis can be provided to SPTC on the Cost Basis Update Form. You can still provide cost basis for sold securities.

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