Analytic Investors, LLC (Analytic) has been acquired by Wells Fargo Asset Management (WFAM). Analytic is now a part of WFAM’s global asset management division. The transaction closed on October 1, 2016.

Despite the acquisition, Analytic’s investment-team personnel and investment process will remain the same. As such, SEI retains a favourable view of the manager, which will keep its “recommended” designation. Analytic served as an investment manager in the following SEI funds, and will continue to do so under the same name:

• SGMF Global Managed Volatility Fund
• SGMF Japan Equity Fund

About Analytic Investors, LLC

Established in 1970, Analytic Investors, LLC is a $15 billion investment management firm offering a range of active quantitative-equity investment solutions including risk reduction, relative-benchmark and absolute-return strategies. The firm is based in Los Angeles, California.

About Wells Fargo Asset Management

Founded in 1996, WFAM is a registered investment advisor and a dedicated institutional asset manager that employs more than 395 investment professionals serving over 1,000 clients in more than 30 countries worldwide. As at 30 June 2016, WFAM managed over $340 billion in assets.

IMPORTANT NOTE: The opinions and views contained in this document are solely those of SEI and are subject to change; descriptions relating to organisational structure, teams, and investment processes herein may differ significantly from those prescribed by underlying managers regarding their own investment houses and investments.

Important Information:
Past performance is not a guarantee of future performance.
Investments in SEI Funds are generally medium to long term investments. The value of an investment and any income from it can go down as well as up. Investors may not get back the original amount invested. Additionally, this investment may not be suitable for everyone. If you should have any doubt whether it is suitable for you, you should obtain expert advice.

No offer of any security is made hereby. Recipients of this information who intend to apply for shares in any SEI Fund are reminded that any such application may be made solely on the basis of the information contained in the Prospectus. 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. This information should not be relied upon by the reader as research or investment advice regarding the funds or any stock in particular, nor should it be construed as a recommendation to purchase or sell a security, including futures contracts.

In addition to the normal risks associated with equity investing, international investments may involve risk of capital loss from unfavourable fluctuation in currency values, from differences in generally accepted accounting principles or from economic or political instability in other nations. Bonds and bond funds are subject to interest rate risk and will decline in value as interest rates rise. High yield bonds involve greater risks of default or downgrade and are more volatile than investment grade securities, due to the speculative nature of their investments. Narrowly focused investments and smaller companies typically exhibit higher volatility. SEI Funds may use derivative instruments such as futures, forwards, options, swaps, contracts for differences, credit derivatives, caps, floors and currency forward contracts. These instruments may be used for hedging purposes and/or investment purposes.

While considerable care has been taken to ensure the information contained within this document is accurate and up-to-date, no warranty is given as to the accuracy or completeness of any information and no liability is accepted for any errors or omissions in such information or any action taken on the basis of this information.
This information is issued by SEI Investments (Europe) Limited, 1st Floor, Alphabeta, 14-18 Finsbury Square, London EC2A 1BR which is authorised and regulated by the Financial Conduct Authority. Please refer to our latest Full Prospectus (which includes information in relation to the use of derivatives and the risks associated with the use of derivative instruments), Key Investor Information Documents and latest Annual or Semi-Annual Reports for more information on our funds. This information can be obtained by contacting your Financial Advisor or using the contact details shown above.