Issue link: https://info.seic.com/i/1523140
For Financial Intermediary Use Only. Not For Retail Distribution. Institutional pricing at work. We are committed to never mark up prices. This graphic illustrates how a hypothetical bond markup affects the price an investor pays for a bond, as well as how it impacts the yield to maturity realized. Retail desk Retail desk Institutional desk Institutional desk $100,000 $102,000 3.02% 2.59% Bond price Yield to maturity Institutional vs. retail bond pricing } Broker adds a $2,000 (2.0%) markup. Generates a 0.43% better YTM { Disclaimer: The calculation assumes the bond has a current face value of $100,000 and a yield to maturity of 3.02%. Yield to maturity is calculated based on a 2.0% markup paid to retail broker, resulting in a current bond value equal to $102,000 with five years remaining until maturity. The yield to maturity decreases to 2.59%. Example is for illustrative purposes only. SEI Fixed Income Portfolio Management COST-EFFEC TIVE AND PROFESSIONALLY M ANAGED. SEI Fixed Income Portfolio Management has been delivering a range of customized fixed-income solutions since 2000. Key factors • Professionally managed across the full spectrum of high-quality, fixed-income investments, including corporate, municipal, U.S. Treasury and agency bonds. • Investment philosophy is centered on a commitment to thorough due diligence and asset management. • Our scale and experienced traders enable access to a nationwide network of institutions to buy and sell bonds at advantageous prices with no broker intermediary. • The range of strategies includes ladders, bullets, barbells, and term maturity strategies. 10