Issue link: https://info.seic.com/i/1538968
32 PARTNERSHIP FORUM STRATOS AND SEI Important information. Consider the Strategies' investment objectives, risks, charges and expenses carefully before investing. The Strategies invest in funds to obtain the desired exposure to an asset class. A copy of each fund's prospectus is available upon request. The prospectus includes information concerning each fund's investment objective, strategies and risks. Certain funds in the Strategies are also subject to tracking error risk, or the risk that the strategy's performance may vary substantially from the performance of the index it tracks as a result of cash flows, expenses, imperfect correlation between the strategy and the index and other factors. Actively managed ETFs may be subject to increased transaction costs. Active trading may increase the amount of taxes you owe by generating short-term gains, which may be taxed at a higher rate. Tax and Tax Management Techniques Disclosures. 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. 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 and/or interest which may be imposed by the IRS or any other taxing authority; (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. Accordingly, Clients should confer with their personal tax advisors regarding the tax consequences of investing with SIMC and engaging in the tax-management techniques described herein (including the described tax loss harvesting strategies) based on their particular circumstances. Clients and their personal tax advisors are responsible for how the transactions conducted in an account are reported to the IRS or any other taxing authority on the Client's personal tax returns. SIMC assumes no responsibility for the tax consequences to any Client of any transaction. Additional information regarding SEI tax management: Certain Strategies may use tax-management techniques such as minimizing portfolio turnover, selling securities with the least tax impact, opportunistically harvesting losses, and seeking to avoid wash sales. When harvesting losses from the sale of a holding, a Strategy may seek to avoid a wash sale while maintaining exposure to the desired asset class. A Strategy may do so through the purchase of a fund offered by other fund families (Secondary Fund). Upon expiration of the wash sale period, the Secondary Fund will be sold, which may result in a short-term capital gain and the original fund will be repurchased. 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. This information may not be applicable to all programs offered through Investment Adviser Services. There are risks involved with investing, including loss of principal. There is no assurance that the objectives of any strategy or fund will be achieved or will be successful. No investment strategy, including diversification, can protect against market risk or loss. Certain funds in the Strategies are subject to tracking error risk, or the risk that the strategy's performance may vary substantially from the performance of the index it tracks as a result of cash flows, expenses, imperfect correlation between the strategy and the index and other factors. Actively managed ETFs may be subject to increased transaction costs. Active trading may increase the amount of taxes you owe by generating short-term gains, which may be taxed at a higher rate. International investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles or from economic or political instability in other nations. Emerging markets involve heightened risks related to the same factors as well as increased volatility and lower trading volume. Narrowly-focused investments and smaller companies typically exhibit higher volatility. Bonds and bond funds will decrease in value as interest-rates rise. High-yield bonds involve greater risks of default or downgrade and are more volatile than investment-grade securities, due to the speculative nature of their investments.