TORONTO, March 6, 2017 – SEI Investments Canada Company (SEI) today announced two of its funds, the SEI Global Managed Volatility Fund and the SEI U.S. High Yield Bond Fund, received Fundata’s FundGradeA+ TM Award for the 2016 calendar year. The FundGrade A+ Award is given annually to investment funds and their managers who have shown consistent, outstanding, risk-adjusted performance through the year.
The SEI Global Managed Volatility Fund is part of SEI’s Goals-Based Portfolios and aims to achieve capital appreciation with less volatility than the broad global equity markets through investments primarily in equity securities of issuers in developed and emerging countries. The Canadian Investment Funds Standards Committee (CIFSC) includes the SEI Global Managed Volatility Fund in the “Global Equity” category, for which the SEI Global Managed Volatility Fund was awarded the Fundata FundGrade A+ Rating for the calendar year 2016 out of 801 funds in this category.
As part of SEI’s Goals Based and Strategic Portfolios, SEI’s U.S. High Yield Bond Fund’s goal is to provide a high level of total return by investing primarily in high-yield fixed-income securities issued primarily by U.S. corporations. The Canadian Investment Funds Standards Committee (CIFSC) includes SEI’s U.S. High Yield Bond Fund in the High Yield Fixed Income Category, for which the U.S High Yield Bond Fund was awarded the Fundata FundGrade A+ Rating for the calendar year 2016 out of 237 funds.
“We design our portfolio strategies to help investors at every stage of life reach their goals,” said Andy Mitchell, Managing Director of SEI Canada. “No single fund manager can perform well all the time, but our manager-of-manager approach creates highly diversified investment solutions that help reduce volatility and manage total risk.”
Performance for the Global Managed Volatility Fund, Class P for the period ended December 31, 2016, is as follows: 4.1% (1 year), 10.7% (3 year), 13.4% (since inception March 30, 2012). U.S. High Yield Bond Fund, Class P for the period ended December 31, 2016, is as follows: 10.6% (1 year), 10.7% (3 year),11.3% (5 year) 10.0% (since inception September 11, 2009).
SEI Investments Canada Company, a wholly owned subsidiary of SEI Investments Company (NASDAQ: SEIC), is the Manager of the SEI Funds in Canada.
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. The indicated rates of return are the historical annual compounded total returns including changes in security value and reinvestment of all distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.
SEI (NASDAQ:SEIC) is 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 December 31, 2016*, through its subsidiaries and partnerships in which the company has a significant interest, SEI manages or administers $751 billion in hedge, private equity, mutual fund and pooled or separately managed assets, including $283 billion in assets under management and $468 billion in client assets under administration. *Figures are in US dollars.
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.
About Fundata Canada Inc.
Fundata Canada Inc. has been providing data aggregation and dissemination services to the Canadian media and financial marketplace since 1987. Fundata is a major provider in the distribution of fund and stock information in Canada. Its database contains data on over 35,000 investment fund products. Fundata provides customized data feeds, top-shelf analytics, cutting-edge software tools, and seamless hosted web solutions for fund companies, back office systems, investment planners, banks, trust companies, resellers and redistributors, and online, print, and broadcast media channels. For more information see www.fundata.com.
About the Fundata FundGrade™ Methodology
The objective of FundGrade is to rank and grade Canadian investment funds, on a monthly basis, against their peers using risk-adjusted performance metrics. Letter grades from A to E are used. Each month, FundGrade ratings are allocated as follows: 'A' is used for the top 10%; 'B' for the next 20%; 'C' for the middle 40%; 'D' for the next 20%; and 'E' for the bottom 20%. Ratings change on a monthly basis. The FundGrade rating system incorporates up to 10 years of history and uses three risk-adjusted performance metrics that are well known and widely accepted in the investment industry: (1) Sharpe Ratio—a measure of a fund's excess return relative to total risk. It is calculated by subtracting the risk-free rate from the fund's return and dividing by the standard deviation. (2) Sortino Ratio—a measure of a fund's excess return relative to downside risk. It is calculated by subtracting the minimum acceptable return from the fund's return and dividing by the downside deviation. (3) Information Ratio—a measure of a fund's active return relative to its tracking error. It is calculated by subtracting the benchmark return from the fund's return and dividing by the standard deviation of the difference between the return of the fund and the return of the benchmark.
See www.fundata.com/images/FundataFundgradeMethodology.pdf for specific details of FundGrade's ranking algorithm. To make the grades relevant, funds are only measured against similar investment products with comparable investment mandates. FundGrade uses the fund classification standards that have been defined by the Canadian Investment Funds standards Committee (CIFSC). Funds are ranked and graded within CIFSC categories.
About the FundGrade A+ Methodology
The FundGrade A+ Rating is a supplemental calculation to the FundGrade ratings and is performed at the end of each calendar year. Eligible funds must have received a FundGrade rating for each month in the previous calendar year. A score is assigned to each monthly FundGrade rating, as follows: A grade = 4; B grade = 3; C grade = 2; D grade = 1; E grade = 0. For each fund a 'GPA-style' calculation is made by adding up the values for the monthly scores and dividing by 12. Any fund with a GPA of 3.5 or higher receives a FundGrade A+. For specific details of FundGrade's ranking algorithm, see www.fundata.com/images/FundataFundgradeMethodology.pdf. FundGrade A+ was designed to identify not only the best-performing funds, but also the most consistent.