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A B O UT S E I SEI ® (NASDAQ:SEIC) is a leading global provider of financial technology, operations, and asset management services within the financial services industry. SEI tailors its solutions and services to help clients more effectively deploy their capital—whether that's money, time, or talent—so they can better serve their clients and achieve their growth objectives. 1 Freedom Valley Drive P.O. Box 1100 Oaks, PA 19456 610-676-1000 © 2025 SEI ® | 250107.56 | IAS 09/25 seic.com I M P O R TA NT I N FO R M ATI O N SEI Investments Management Corporation (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. SIMC is a wholly owned subsidiary of SEI Investments Company (SEI). 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. Investing involves risk including possible loss of principal. There is no guarantee that risk can be managed successfully. The Sample Tax Transition Analysis is provided solely for illustrative purposes to help investors understand the potential implications of transitioning a current portfolio to align with a model portfolio. The analysis displays hypothetical outcomes such as estimated tax cost, realized and unrealized gains or losses, tracking error, and turnover, which are based on assumptions and may not reflect actual results. The Tax Transition Analysis is intended to present multiple scenarios to help investors assess the implications of alternative actions. Current Portfolio - Highlights the realized and unrealized gain/loss positions in the existing portfolio. Model Overlap - Measures the estimated transition activity and tax costs that a client would incur from transitioning an existing portfolio to the target portfolio, with only tax management oversight the consideration of in-kind transfer of securities and tax lots for the building of the designated investment strategy. Light approach - The "Light" approach tax sensitivity selection, when compared to the "Standard" approach selection, is intended to minimize deviation from the Investment Strategy's target model while still providing enhanced tax management to limit the Investment Strategy's tax impact. Standard approach - The "Standard" approach selection is the default option, offering enhanced (increased) tax sensitivity and a greater probability of deviating further from the Investment Strategy's target model Tracking error - The measure of the risk of the client's portfolio relative to the underlying target portfolio. A tracking error of 1% means that the invested portfolio return is expected to be +/- 1% from the model return 68% of the time and +/- 2% from the model return 95% of the time. Turnover - The measure of how many securities in the portfolio were either bought or sold during the transition to the target portfolio. Estimated tax cost - The estimated tax cost represents the sum of the realized short-term and long-term gains expected to be generated during the transition times their respective tax rates. The tax transition report was prepared by SIMC. The content of this report is based on information provided to SIMC by the end investor through his/her financial advisor. Analysis was performed at request of the financial advisor and is for the sole use with the individuals named therein. No information shall be construed as a solicitation or a recommendation to transact in any security and the recipient shall not use the contents of the report as the sole basis for making an investment decision. The report is provided for educational purposes only. In performing its analysis, SIMC may utilize various analytical tools from, but not limited to, SmartLeaf, and Parametric Portfolio Assoc. These analytical tools are designed to assist SIMC in its analysis and while SIMC believes that these analytical tools produce beneficial output, SIMC does not guarantee its accuracy. Estimated tax costs and savings are approximations and do not account for all possible tax consequences or future changes in tax law. Tracking error represents the expected deviation from model returns and is not a guarantee of performance. This analysis does not constitute investment advice or a recommendation, and investors should consult with their financial and tax advisors before making any portfolio changes, as neither SEI nor its affiliates guarantee outcomes or provide tax advice. For further information regarding the services described herein, including additional limitations, please refer to the account open kit and capital gains budget form available from your financial advisor. Your financial advisor is not affiliated with SEI, its subsidiaries or affiliates.

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