SEI Canada Makes Changes to a Selection of Funds

TORONTO, May 28, 2020 – SEI Investments Canada Company (SEI Canada), a wholly-owned subsidiary of SEI Investments Company (NASDAQ:SEIC), today announced changes to a selection of funds. 

SEI Canada intends to launch two new classes of units for U.S. High Yield Bond Fund, make closures to a selection of fund classes and rename three funds. Details of these expected changes are disclosed in the preliminary and pro forma filing of the Simplified Prospectus dated May 26, 2020. The changes will be effective upon the filing of SEI Canada’s final simplified prospectus, expected to occur on or about June 29, 2020. No changes will be made to any of these funds’ investment objectives or strategies.

Fund Classes to be launched:

• U.S. High Yield Bond Fund, Class FC Units
• U.S. High Yield Bond Fund, Class FC(H) Units

Fund Classes to be closed:

• All Equity Fund, Class S Units
• Balanced Fund, Class S Units
• Growth Fund, Class S Units
• Moderate Fund, Class S Units
• Global Managed Volatility Fund, Class S Units
• U.S. Large Cap Index Fund, Class E Units
• U.S. Large Cap Index Fund, Class F Units
• U.S. Large Cap Index Fund, Class F(H) Units
• U.S. Small Company Equity Fund, Class O(H) Units

Asset Allocation Funds to be renamed:

• Balanced Fund will be renamed Neutral Balanced Fund
• Growth Fund will be renamed Balanced Growth Fund
• Moderate Fund will be renamed Income Balanced Fund

More information on the fund class changes and the closure of specific classes can be found in the preliminary and pro forma simplified prospectus referenced above. The final filing of the simplified prospectus is expected to be on or about June 29, 2020.

About SEI Canada 

SEI founded its Canadian business in 1983, pioneering innovative asset management techniques for institutional investors. Today, SEI offers integrated investment management and strategic advice solutions to help institutional investors achieve their organizational goals and fulfill fiduciary responsibilities. Capitalizing on its investment expertise, SEI began offering investment solutions to retail investors through investment advisors in 1994. The investment approach provides multi-manager, globally diversified strategies with an appropriate home-country bias for Canadian retail investors. SEI’s goals-based strategies, strategic asset allocation strategies and asset class funds are available through select dealer relationships. For more information, visit seic.com/en-CA.

About SEI

After 50 years in business, SEI (NASDAQ:SEIC) remains a leading global provider of investment processing, investment management, and investment operations solutions that help corporations, financial institutions, financial advisors, and ultra-high-net-worth families create and manage wealth. As of March 31, 2020, through its subsidiaries and partnerships in which the company has a significant interest, SEI manages, advises or administers $920 billion* in hedge, private equity, mutual fund and pooled or separately managed assets, including $283 billion* in assets under management and $632 billion* in client assets under administration. For more information, visit seic.com.

*Figures are in US dollars.