Effective May 2, 2023, the Coho Partners, Ltd. (Coho) Relative Value Equity strategy was removed from the SEI Canada U.S. Large Company Equity Fund (the “Fund”).

Rationale

We removed Coho’s Relative Value Equity strategy in order to broaden the Fund’s exposure to the quality alpha source across economic sectors. The assets in Coho’s strategy were transferred to the Fund’s newly-added, quality-oriented Copeland US Large Cap strategy. Furthermore, our analysis indicates that Copeland provides increased differentiation relative to the other managers in the Fund.

We believe the removal of Coho, and its replacement by another manager, will increase the Fund’s exposure to companies that have exhibited persistently high profit margins.

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 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.