Effective April 13, 2023, the J O Hambro Capital Management Limited International Select strategy (“the J O Hambro strategy”) was removed from the SEI Canada International Equity Fund (“the Fund”).

Rationale

We removed the J O Hambro strategy due to style drift, which resulted in an inconsistent exposure to the momentum alpha source (a trend-following investment strategy that is based on acquiring assets with recent improvement in their price, earnings or other relevant fundamentals). The strategy’s assets will be reallocated among the Fund’s existing sub-advisors. This manager change is expected to result in a more consistent exposure to the momentum alpha source.

Important information

SEI Investments Canada Company, a wholly owned subsidiary of SEI Investments Company, is the Manager of the SEI Funds in Canada.

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 Funds 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 material represents an assessment of the market environment at a specific point in time and is not intended to be a forecast of future events, or a guarantee of future results. The percentage weightings of the Underlying Funds may be changed from time to time at the Manager’s discretion. The portfolio managers or the allocations of assets to a particular portfolio manager are subject to change from time to time at the Manager’s discretion.

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus or other offering documents before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.