Effective July 27, 2020, the Emerging Markets Equity Fund (the Fund) eliminated its single country limit.

Funds Impacted

• SEI Emerging Markets Equity Fund

Rationale

The limit hindered the Fund’s ability to take active positioning in China.

Historically, the Fund maintained investments in at least six emerging market countries, and did not invest more than 35% of its total assets in any one emerging-market country.

The Fund’s benchmark is the MSCI Emerging Markets Index. Recently, China’s weight within the Index was increased to above the single country limit, and is widely expected to increase further in the future.

As of May 29, 2020, the Index maintains a 39.08% weight to China. (For reference, China, Taiwan and South Korea comprise roughly half of the Index. Two Chinese companies together have a greater weight in the Index than all of Brazil.)

We have removed the single country limit of 35% to permit the Fund to have greater exposure to China and to retain their competitive advantage. Additionally, this change will allow the Funds to be more aligned with the benchmark.

The Fund continue to be diversified across foreign companies located in emerging-market countries in such regions as Asia, Eastern Europe, Latin America, the Middle East and Africa.


Index Definition

The MSCI Emerging Markets Index is a free float-adjusted market capitalization weighted index designed to measure the performance of global emerging market equities.





 

Important Information

SEI Investments Canada Company, a wholly owned subsidiary of SEI Investments Company, is the investment fund manager and portfolio 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.