Pzena Investment Management, LLC’s International Value strategy has been added to the SEI Canada International Equity Fund.

Investment philosophy and process

The strategy is value-oriented and invests in stocks that are considered cheap and that are trading for less than they are worth. Pzena’s investment team takes a deep-value approach that seeks to identify significantly undervalued companies over a long-term investment horizon.

The investment process is rules-based and disciplined. The team uses a proprietary screening model to generate investment ideas and to facilitate buy/sell decisions.We believe this approach ensures repeatability. The team inputs company-specific forecasts into the model to create valuation ratios that support final portfolio decisions. Pzena’s process acts as a guardrail against behavioural biases, particularly during challenging market environments.

The strategy consists of 55 to 75 stocks.

Role in the Fund

Pzena’s strategy provides consistent exposure to the value alpha source. Alpha source is a term used by SEI as part of our internal classification system to categorize and evaluate investment managers in order to build diversified fund portfolios. We expect the strategy to outperform during periods in which the value alpha source outperforms.

About Pzena

Pzena is a global investment management firm headquartered in New York. As of June 2022, the firm had $52 billion in assets under management.

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.