Sionna Investment Managers Inc.’s Large Cap Value strategy was removed from the SEI Canadian Equity Fund, effective August 13, 2021.


Rationale

We made this change to improve the Fund’s construction.

We believe that the Fund’s structure will benefit from the consolidation of assets among those managers in which we have the highest conviction by alpha source. The removal of Sionna is part of an effort to focus on managers whose strategies more directly align with our alpha-source framework.

Taken together, we concluded that it would be more efficient from a portfolio construction perspective to reallocate the assets in Sionna’s strategy to the remaining managers within the Fund.


Glossary of Financial Terms:

Alpha Source: Alpha source is a term used by SEI as part of our internal classification system to categorise and evaluate investment managers in order to build diversified fund portfolios. An alpha source is the investment approach taken by an active investment manager in an effort to generate excess returns.



















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.

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