Issue link: https://info.seic.com/i/1537640
ABOUT SEI ® We deliver end-to-end solutions that simplify the complexities of financial services, connecting every part of your operations to ignite innovation, unlock efficiency, and accelerate growth. Learn more at seic.com. 1 Freedom Valley Drive | P.O. Box 1100 | Oaks, PA 19456 | 610-676-1000 seic.com © 2025 SEI ® 250015.67 IAS 07/25 Important information Alpha sources are the identifiable drivers of investment outperformance relative to a market index or benchmark. Idiosyncratic alpha sources are return drivers that stem from individual securities or strategies, rather than from general market trends or macroeconomic factors. Systematic alpha sources are drivers of outperformance that stem from structured investment approaches based on models, data, and statistical analysis. Anchoring is a concept in behavioral economics that describes a person making a financial decision based on an irrelevant data point. Your financial advisor is not affiliated with SEI or its subsidiaries. SEI Investments Management Corporation (SIMC) is the adviser to the SEI funds, which are distributed by SEI Investments Distribution Co (SIDCO). SIMC and SIDCO are wholly owned subsidiaries of SEI Investments Company (SEI). There are risks involved with investing, including loss of principal. Investing is subject to the risks of the underlying funds. Asset allocation may not protect against market risk. The risks of owning shares of an ETF generally reflect the risks of owning the underlying securities or other instruments the ETF is designed to track, although lack of liquidity in an ETF could result in its value being more volatile than the underlying portfolio securities. There is no guarantee an investment objective will be achieved, nor that risk can be managed. A company may reduce or eliminate its dividend, causing losses to a fund. In addition to the normal risks of investing, there can be no assurance that performance will be enhanced or risk will be reduced for investment strategies that seek to provide exposure to certain quantitative factors. Exposure to such investment factors may detract from performance in certain market environments, in some cases for extended periods. In such circumstances, an investment strategy may seek to maintain exposure to the targeted investment factors and not adjust to target different factors, which could result in losses. While the investment strategies are actively managed, the strategies' investment process is expected to be heavily dependent on quantitative models and the models may not perform as intended. For those SEI Funds which employ the manager-of-managers structure, SIMC has ultimate responsibility for the investment performance of the Funds due to its responsibility to oversee the sub-advisers and recommend their hiring, termination, and replacement. The Investment Management Unit is a team within SIMC. To determine if the Funds are an appropriate investment for you, carefully consider the investment objectives, risk factors, and charges and expenses before investing. This and other information can be found in the Funds' summary and full prospectuses, which may be obtained by calling 1-800-DIAL-SEI. Read it carefully before investing. Neither SEI nor its affiliates provide tax advice. Please note that (i) any discussion of U.S. tax matters contained in this communication cannot be used by you for the purpose of avoiding tax penalties; (ii) this communication was written to support the promotion or marketing of the matters addressed herein; and (iii) you should seek advice based on your particular circumstances from an independent tax advisor. Mutual funds and ETFs are obliged to distribute portfolio gains to shareholders by year-end. These gains may be generated due to index rebalancing or to meet diversification requirements. However, ETFs are structured in such a manner that taxes are minimized compared to a similarly structured mutual fund. Trading shares of the ETFs will also generate tax consequences and transaction expenses. For those portfolios of individually managed securities, 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 change the manager. The information contained herein is for general and educational information purposes only and is not intended to constitute legal, tax, accounting, securities, research or investment advice regarding the strategies or any security in particular, nor an opinion regarding the appropriateness of any investment. This information should not be construed as a recommendation to purchase or sell a security, derivative or futures contract. You should not act or rely on the information contained herein without obtaining specific legal, tax, accounting and investment advice from an investment professional.