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					                                       Introducing SEI
                                                 Q408
For Financial Intermediary use only.                     1
                                          SEI – Since 1968




                   SEI Creates & Manages Wealth For Institutions and Private Clients
•   A leading provider of Manager of Managers investment process, US$134 billion* assets under management globally
    and $7.5 billion* in Canada
•   Provider of mutual fund wrap programs offered through independent, investment advisors
•   Publicly held (Nasdaq: SEIC) global business solutions firm, with more than 20 offices in over a dozen countries
•   Since 1968 we have helped institutions and individuals create and maintain wealth
    * As of Dec 31, 2008.

                                          For Financial Intermediary use only.                                         2
SEI Advisor Network Solutions – Benefits to Your Client

Client/Advisor Relationship In Complete “Alignment”
• Enhances the perceived value to your client as an objective,
  comprehensive consultant
• Professionalism - “advisor vs. salesperson”
• Allows you to increase the scope of your relationship by taking
  a broader look at their finances beyond the portfolio you manage
• Today’s consumers want and expect this


Better Value
• Costs aligned with client success – no sales commission
• One program, many services (asset allocation, manager selection/monitoring)
• Objective, holistic advice
• All of client’s assets “at work” for them on Day 1



                               For Financial Intermediary use only.             3
How Are Average Financial Advisors Doing?

• Growing revenue, but…
• Struggling to manage overhead and profitability
• Struggling to define service model
• Struggling to define an operational model

 Where Advisors Spend Their Time
                 2%      3%
                                                          Client Service - 39%
                                                          Business Processing - 23%
                                               39%        Administration - 33%
    33%
                                                          Prospecting - 2%
                                                          Planning - 3%




                          23%

Source: Advisor Impact Client Audit (US) / Moss Adams LLP (US)


                                              For Financial Intermediary use only.    4
Your Basic Challenge

                                                                      • Marketing and Sales
                                                                      • New Business Acquisition
                                                                      • Determining Objectives
                                               Marketing
                                                                      • Servicing/Education


                          Reporting and                               Client Services
                            Operations


• Asset Allocation
                                               Asset
• Manager Selection                         Management
• Monitoring Managers
• Portfolio Rebalancing
• Reporting and Operations




                               For Financial Intermediary use only.                                5
Potential Danger Signals in Your Portfolio

                                                                       Yes   No


• Lack of clear investment policy (IPS)                                     
• Investments mismatched with objectives                                    
• Inappropriate level of risk                                               
• Lack of diversification                                                   
• Under performing investments or managers                                  
• Style drift                                                               
• Overlapping investments or management styles                              
• Excessive expenses or trading activity                                    
• Lack of monitoring, adjusting, rebalancing                                
• Unclear or untimely reporting                                             
• Lack of communication and service                                         


                                For Financial Intermediary use only.              6
S&P/TSX Bull & Bear Markets (1957-2008)
                                                     Avg. Duration/Perform ance
      225%
                                                       Bear: 12 m onths (-33%)
                                                      Bull: 56 m onths (+120%)
                                                                                                                                                       71-M
      200%                                                                                                                                             188%

                                                                                                                                                                                                                                                                                                                                               68-M
                                                  137-M                                                                                                                                                                                                                  90-M
      175%                                                                                                                                                                                                                                                                                                                                     165%
                                                   162%                                                                                                                                                                                                                  160%


      150%

                                                                                                                                                                                                                                                                                                           23-M
      125%                                                                                                                                                                                                                                                                                                  1
                                                                                                                                                                                                                                                                                                           1 3%
                                                                                                                                                                                                              37-M
                                                                                                                                                                                     15-M
                                                                                                                                                                                                               98%
      100%                                                                                                                                                                           94%



                                                                                                            40-M
        75%                                                                                                  63%

                                                                                                                                                                                                                                 24-M
        50%                                                                                                                                                                                                                       42%



        25%


         0%


       -25%
                                                                                                                                                                                              10-M
                                                                                                13-M                                                                                                                                       12-M
                                                                                                                                                                                              -20%                      2-M
                                                                                                -28%                        14-M                                                                                                           -25%                                                    6-M
                                                                                                                                                                                                                        -31%
       -50%                                                                                                                 -37%                                               19-M                                                                                                               -32%
                                                                                                                                                                                                                                                                                                                     25-M                                                  5-M
                                                                                                                                                                               -44%
                                                                                                                                                                                                                                                                                                                     -50%                                                 -45%
       -75%
              Dec-57




                                         Dec-61




                                                                     Dec-65




                                                                                                 Dec-69




                                                                                                                            Dec-73




                                                                                                                                                        Dec-77




                                                                                                                                                                                   Dec-81




                                                                                                                                                                                                               Dec-85




                                                                                                                                                                                                                                            Dec-89




                                                                                                                                                                                                                                                                       Dec-93




                                                                                                                                                                                                                                                                                                  Dec-97




                                                                                                                                                                                                                                                                                                                             Dec-01




                                                                                                                                                                                                                                                                                                                                                        Dec-05
                       Apr-59
                                Aug-60


                                                   Apr-63
                                                            Aug-64


                                                                              Apr-67
                                                                                       Aug-68


                                                                                                          Apr-71
                                                                                                                   Aug-72


                                                                                                                                     Apr-75
                                                                                                                                              Aug-76


                                                                                                                                                                 Apr-79
                                                                                                                                                                          Aug-80


                                                                                                                                                                                            Apr-83
                                                                                                                                                                                                     Aug-84


                                                                                                                                                                                                                        Apr-87
                                                                                                                                                                                                                                  Aug-88


                                                                                                                                                                                                                                                     Apr-91
                                                                                                                                                                                                                                                              Aug-92


                                                                                                                                                                                                                                                                                Apr-95
                                                                                                                                                                                                                                                                                         Aug-96


                                                                                                                                                                                                                                                                                                           Apr-99
                                                                                                                                                                                                                                                                                                                    Aug-00


                                                                                                                                                                                                                                                                                                                                      Apr-03
                                                                                                                                                                                                                                                                                                                                               Aug-04


                                                                                                                                                                                                                                                                                                                                                                 Apr-07
                                                                                                                                                                                                                                                                                                                                                                           Aug-08
      Based on month-end data until 1975 and daily thereafter. Bear market is defined as a 20%+ decline from peak to trough.
      Source: Scotia Capital

 Past performance is no guarantee of future results. The index illustrated is an unmanaged index. You cannot invest directly in an Index. Index
 returns do not reflect the impact of any management fees, transactions costs or expenses.


                                                                                                                            For Financial Intermediary use only.                                                                                                                                                                                                                    7
Proper Asset Allocation Diversifies Across Global Security Markets



                              International            High
                               Developed               Yield
                                Equities




                      Canadian            International        Canadian
                      Equities                Fixed              Fixed
                                             Income             Income



                                Emerging              Emerging
                                 Markets               Markets
                                 Equity                 Debt




                       For Financial Intermediary use only.               8
Asset Allocation Risk & Reward              Annual Returns: 1980 – 2007 | Average Annual Inflation: 3.64%




                     For Financial Intermediary use only.                                                   9
      U.S. Asset Allocation Risk & Reward
      Annual Returns: 1926 – 2008 | Average Annual Inflation: 3.13%




              Stocks – S&P 500 Index        Bonds – U.S. Intermediate Term Government Bonds           Cash – U.S. 30 Day Treasury Bill      Inflation – Consumer Price Index     Source – Ibbotson Associates


*Average Loss: the average loss when there is a negative return. **Average Gain: the average gain when there is a positive return.

Commissions, trailing commissions, management fees and expenses all may be associated with                          investments in smaller companies typically exhibit higher volatility. International investments may
mutual fund investments. Please read the prospectus of the SEI fund before investing. Mutual fund                   involve risk of capital loss from unfavourable fluctuations in currency values, from difference in
securities are not covered by the Canada Deposit Insurance Corporation or any other government                      generally accepted accounting principles or from economic or political instability in other nations.
deposit insurer. Mutual funds are not guaranteed, their values change frequently and past                           The indices illustrated herein are unmanaged indices. You cannot invest in an index. Index returns do
performances may not be repeated.                                                                                   not reflect the impact of any management fees, transaction costs or expenses. The index information
The information presented is past performance and in U.S. dollars. Past performance is no guarantee                 seen here is for illustrative purposes only. This piece is provided by SEI Investments Canada
of future return. Investment return and principal value of a mutual fund investment will fluctuate so that          Company.
an investor’s shares on redemption may be worth more or less than the original cost.                                This is not indicative of any specific investment. It is an illustration of how a certain profile may have
In addition to the normal risks associated with equity investing, narrowly focused investments and                  performed using the past performance of the indices listed.


                                                                             For Financial Intermediary use only.                                                                                                    10
Why Diversify by Asset Class?
Performance of Various Asset Classes: 1993 to 2008
Annual Total Returns of Key Indices (Based on Sector)




The information seen is for illustrative purposes only and is not reflective of the performance of any SEI Funds. Past performance is no guarantee of future results.

                                                      For Financial Intermediary use only.                                                                              11
Why Diversify by Style?

Performance of Various Canadian Equity Investment Styles: 1999 to 2008
Annual Total Returns of Key Styles




Datasource: MSCI Barra.
This information is for illustrative purposes only and is not reflective of the performance of any SEI Funds. Performance is no guarantee of future results. Asset style
data shown is past performance of the following index returns. Large Cap Growth = MSCI Canada Large Growth , Large Cap Value = MSCI Canada Large Value,
Small Cap Growth = MSCI Canada Small Growth, Small Cap Value = MSCI Canada Small Value. One cannot invest directly in an index. Index returns do not
reflect the impact of management fees, transactions costs or expenses. Commissions, trailing commissions, management fees and expenses all may be associated
with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance
may not be repeated. The information contained herein is for general information purposes only and is not intended to constitute legal, tax, accounting, securities or
investment advice, nor an opinion regarding the appropriateness of any investment. You should not act or rely on the information contained herein without obtaining
specific legal, tax, accounting and investment advice from an investment professional.


                                                        For Financial Intermediary use only.                                                                           12
Cycle of Market Emotions
Your Optimal Asset Allocation


                 The Importance of Asset Classes

                                                                Canadian vs. Foreign?
• How much in stock?
• How much in bonds?                                            Stocks?            Cash?
• How much cash?
• How much in Canadian securities?
• How much foreign content?




                                                                          Bonds?

             Asset Allocation = Diversification = Lower Risk
                         For Financial Intermediary use only.                              14
Retail Vs. Institutional?



 Retail Investors                                            Institutional Investors
 • Chase return                                              • Consider both return and risk
 • Buy/sell short-term                                       • Invest long term
 • Make decisions themselves                                 • Use professional managers
 • Have individual positions                                 • Have a portfolio
 • Concentrate                                               • Diversify
 • Act on emotion                                            • Use a scientific process




                          For Financial Intermediary use only.                                 15
SEI Managed Process


    Planning
    Process
                                                                      A Scientific Approach to
                                                                       Disciplined Investing
Establishes Goals
 Sets Risk Limits      Custom
                       Portfolio

                     Sets Long Term
                    Target Sets Short           Manager
                       Term Limits              Selection

                                          Low Cost Vehicle
                                         Specialist Managers             Rebalancing
                                                                         Reallocation

                                                                          Maintains
                                                                          Objectives        Monitoring
                                                                                           and Reporting

                                                                                              Keeps You
                                                                                        Informed and On Track

                               For Financial Intermediary use only.                                        16
Mutual Funds vs. SEI…
Represents a Difference From Regular Mutual Funds




      Regular Mutual Funds                                    SEI Manager of Managers

•   Intensely marketed products                          • Customized asset management
                                                           from the world’s leading money
•   Good managers go bad
                                                           managers
•   Star managers move
                                                         • Combining multiple managers
•   DSC fees lock people in
                                                              intelligently with less risk
•   Mutual fund portfolios become
    unbalanced and too risky                             • Strict monitoring of each manager




                           For Financial Intermediary use only.                                17
SEI’s Investment Philosophy
  Objective:          Achieve superior long-term investment
                      returns while managing risk

   Structured            Efficient                         Manager     Continuous
     Asset               Portfolio                         Selection    Portfolio
   Allocation          Construction                                    Monitoring



Asset allocation is the key determinant of performance
Portfolio structure is the key determinant of performance within each asset class
Specialist managers add value in their respective areas of expertise
Continuous monitoring of each manager’s daily trading is the only effective way to
control managers and maintain portfolio structure




                            For Financial Intermediary use only.                     18
SEI’s Investment Management Unit:
Leveraging Global Coverage


                                                                                             United
                                                                                             Kingdom
                          Canada
                    United States
             (Oaks-Corporate HQ)

                                                                                             Hong
                                                                                             Kong

                                                                                             South
                                                                                             Africa




                            Client Portfolio Management                                               100+ Professionals
                                    Portfolio Strategy                                          Average Experience      13 Years

                                                                                                Average SEI Tenure       7 Years
                           Global Investment Strategy
                     Fundamental Research | Quantitative Research                                      Over 49% with CFA
                                                                                                      Charterholders & MBA’s
       Global         Non-Directional                 Global                Global Private      *As of 12/31/07
    Fixed Income        Strategies                    Equity                   Markets

                             Execution and Operations



                                     For Financial Intermediary use only.                                                      19
Manager Discovery: Casting a Wide Net


                                                          • Client and portfolio objective drive
      19,000 Managers in initial                            manager discovery
              universe
                                                          • Seek opportunities and inefficiencies
                                                            in the market place
      3,000 Managers remain after
       initial fundamental screen                         • Reputation leads to many firms
                                                            visiting SEI’s offices each year
            1,000 managers                                • Focused research - no legal requirements
              remain after                                  to have opinion on many firms
           qualitative screen                             •    Breadth of research allows us

                                                              “first mover” advantage
                                                          •    Global presence and industry experience




         45 managers remain
          for further analysis

                                For Financial Intermediary use only.                                     20
Our Monitoring Process is Rigorous and Dynamic


         Daily                   Weekly                               Monthly




  Daily trade oversight   Performance attribution                Performance attribution
                          Review of buys & sells                 Review of buys & sells




 Additional Monitoring
 • Ongoing dialogue with managers
 • Onsite annual visits
 • Risk management



                          For Financial Intermediary use only.                             21
SEI’s manager replacement strategies are more efficient

              Common Manager Change Process                                                                SEI’s Manager Change Process


 Manager problem detected
 (usually performance based)                                         30 Days
                                                                                            Manager problem detected
                                                                                            (usually investment process based)                                      1 Day
 Committee discusses problem,
 decides to wait one quarter

 Committee decides to                                                                       Analysts recommend
 terminate manager                                                  120 Days                replacement manager                                                 21 Days

 New manager search
 process begins                                                                             Recommendation approved by local
                                                                                            and global peer investment group                                      7 Days
 Managers interviewed,
 new manager selected                                               120 Days
                                                                                            Assets transitioned to
 Assets transitioned to                                                                     new manager                                                             1 Day
 new manager                                                         30 Days
                                                                                            Total                                                               30 Days
 Total                                                              300 Days


SEI’s Manager change capabilities timeline based on representative data compiled from past manager transitions. Manager transition timelines will vary depending on circumstances.




                                                           For Financial Intermediary use only.                                                                                      22
 Monitoring as an effective sell discipline:
 Focus on leading vs. lagging indicators
                                                                          Organization
                                  Better Ideas                                9%
                                      21%
                                                                                         Team
                                                                                          19%




                                   Process
                                     29%                                          Structural
                                                                                     22%
Reasons for sell decision

Organization                  Stability, liquidity event, etc.                                 Advantages of SEI’s sell discipline
Investment team               Turnover, generational transition
                                                                                                Decision speed
Structural Change in Market   Investment process no longer effective
                                                                                                Back-up managers
Process                       Inability to exploit inefficiencies, asset growth
                                                                                                Market and industry analysis
Better Ideas                  Discovered higher quality manager




                                          For Financial Intermediary use only.                                                  23
Canadian Equity Structure




                                                           As of July 2008


                    For Financial Intermediary use only.                     24
SEI’s Manager of Managers structure covers the market

      Example: Unbundled Equity Approach                                         Example: SEI Canadian Equity Fund



                       Equity                                          JARISLOWSKY
                                                                                           SIONNA        PCJ      HIGHSTREET      GOODMAN
                       Value                                             FRASER                       Large Cap                    Earnings
                                                                                           Relative                 Earnings
                                                                           Deep                                                   Anticipation
                                                                                            Value      Market      Momentum
                                                                           Value                        Driven




                                       Equity
                                       Growth
                                                                                    MFC GLOBAL                       MONTRUSCO
                                                                                   Disciplined Core                 Earnings Growth




      Value                               Growth                                 Value                                     Growth



               Measurement as of Dec 31/08                  Unbundled                        SEI                  Index

               5 Year Tracking Error                           5.80%                       2.21%                  N/A

               Number of Securities                             130                          166                  215

               R-Squared                                        0.89                         0.98                 N/A



Source: SEI Research

                                          For Financial Intermediary use only.                                                                   25
SMAs vs. SEI Investment Solutions
Besides increased visibility on client statements, what do SMAs offer investors? SEI Portfolio provide diversification, access to numerous portfolio
managers and $5,000 minimum investments



Separately Managed Accounts                                                 SEI Portfolios
• one portfolio manager                                                     •       access to numerous portfolio managers from
                                                                            around the world
• one investment model                                                      • multiple investment styles providing a diversified portfolio

• high minimum investment                                                   • minimums as low as $5,000 for SEI Asset Allocations
                                                                            Funds and SEI Asset Class Funds


    Sample Canadian Equity Strategy                                                      SEI Canadian Equity Strategy




                McLean Budden
                     Core




                   Barclays
                 Capped Active




      Value                       Growth                   Value                                                                                       Growth


                                                For Financial Intermediary use only.                                                                   26
 Canadian Equity Market Investing (1999 – 2008)




Style indices returns are courtesy of BARRA Consulting.
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus
before investing. Rates of return do not take into account sales, redemption, distribution or optional charges or income taxes payable by any security
holder that would have reduced returns. Mutual funds are not guaranteed, their values change frequently and past performances may be repeated.
Index performance returns do not reflect any management fees, transaction costs or expanses. One cannot invest directly in an index. Past performance
does not guarantee future results.




                                                  For Financial Intermediary use only.                                                              27
SEI Balanced 60/40 Market Investing (2002 – 2007)




                     For Financial Intermediary use only.   28
SEI Balanced 60/40 Strategy




                                                            As of October 2008

                     For Financial Intermediary use only.                        29
  Automatic Portfolio Rebalancing


             Equities                         Cash
              60%                              10%             Rebalancing ensures that your
 Current                                                       recommended asset mix is
  Asset                                                        constantly in place.
Allocation                                             Fixed   Rebalancing reduces unintended
                                                      Income   and unnecessary risk keeping
                                                        30%
                                                               your portfolio on the right course.

                                        Cash
             Equities                    5%
 Target       50%
  Asset
Allocation
                                                    Fixed Income
                                                       45%

                        For Financial Intermediary use only.                                     30
SEI’s Proven Asset Management Philosophy


Successful active management is dependent on understanding drivers of
return
• Identification of market inefficiencies improves probability of success
• A robust and well resourced evaluation process identifies talented managers
• Diversification of investment processes enhances alpha


Managers and portfolios must be managed—continuously—to achieve
success
• Manager’s portfolio should be tracked daily, weekly, monthly, quarterly and
  annually
• Comprehensive research and monitoring ensures quality managers are
  maintained


                            For Financial Intermediary use only.                31
SEI Sales Support




                                         Monthly Performance Reports


                                                                       End Investor Materials


        Website Support




   Quarterly Reporting                 Quarterly Advisor Newsletter     Market Commentary


                          For Financial Intermediary use only.                                  32
     Representative Canadian Institutional Client List
• AGC Flat Glass North America Ltd      • Health Services Foundation of the                                                          • Northern Cancer Research Foundation
  Concord, ON                             South Shore                                                                                  Sudbury, ON
•   Bell Aliant Regional Communications   Bridgewater, NS                                                                            • Northern Development Initiative Trust
    Saint John, NB                      • Hitachi Construction Truck                                                                   Prince George, BC
•   Blount Canada Ltd.                    Manufacturing Ltd.                                                                         • Paramount Pictures Entertainment
    Guelph, ON                            Guelph, ON                                                                                   Canada
•   Brewster Transport Company Limited • HSBC Financial Corporation Limited                                                              Toronto, ON
    Banff, AB                             Toronto, ON
                                                                                                                                     • Peerless Clothing Inc.
•   BMO Nesbitt Burns                   • Ideal Roofing Co. Ltd.                                                                       Montreal, QC
    Toronto, ON                           Ottawa, ON
                                                                                                                                     • Reitmans (Canada) Limited
• Brink’s Canada Limited                                          • Jewish Community Foundation of                                     Montreal, QC
  Toronto, ON                                                       Montreal
                                                                    Montreal, QC                                                     • Ryerson Canada, Inc.
• Diamond Foundation                                                                                                                   Etobicoke, ON
  Vancouver, BC                                                   • Lafarge Canada Inc.
                                                                    Concord, ON                                                      • Sir Mortimer B. Davis Jewish General
• Diocese of London                                                                                                                    Hospital
  London, ON                                                      • Laurentian University of Sudbury                                   Montreal, QC
                                                                    Sudbury, ON
• Falconbridge Limited                                                                                                               • Smucker Foods of Canada Co.
  Toronto, ON                                                     • Linde Canada Limited
                                                                    Mississauga, ON                                                      Markham, ON
• Givaudan Canada Co.                                                                                                                • St. Peter’s Seminary Foundation
  Mississagua, ON                                                 • Mercedes-Benz Canada Inc.
                                                                    Toronto, ON                                                        London, ON
                                                                                                                                     • Wabush Mines
                                                                                                                                         Cleveland, OH


     Representative clients are selected by SEI to illustrate a sampling of SEI’s current client base, but may not necessarily endorse all of the services provided by SEI. List as of
     December 31, 2008.

                                                                   For Financial Intermediary use only.                                                                                  33
        Representative US Corporate Institutional Client List
    •      Ahlstrom USA                                              •    Covidien                                                       •       Milacron Inc.
           (Windsor Locks, CT)                                            (Mansfield, MA)                                                        (Batavia, OH)
    •      Alfa Insurance Companies                                  •    Deloitte, LLP                                                  •       Nalco Holding Company
           (Montgomery, AL)                                               (New York, NY)                                                         (Naperville, IL)
    •      American Commercial Lines LLC                             •    Elkem Metals Inc.                                              •       Nashville Electric Services
           (Jeffersonville, IN)                                           (Pittsburgh, PA)                                                       (Nashville, TN)
    •      AT&T Inc.                                                 •    ESSROC Italcementi Group                                       •       National Services Industries,
           (San Antonio, TX)                                              (Nazareth, PA)                                                         Inc.
    •      Brink’s Company                                           •    FLSmidth Inc.                                                          (Atlanta, GA)
           (Richmond, VA)                                                 (Bethlehem, PA)                                                •       Panasonic Corporation
    •      Butler Manufacturing Co.                                  •    Givaudan Corporation                                                   (Secaucus, NJ)
           Kansas City, MO                                                (Cincinnati, OH)                                               •       Pearson, Inc.
    •      California Casualty Management                            •    Intelsat Global Services Corp.                                         (New York, NY)
           Co.                                                            (Washington, DC)                                               •       Pliant Corporation
           (San Mateo, CA)                                           •    Jervis B. Webb Co.                                                     (Schaumburg, IL)
    •      Carlisle Companies Inc.                                        (Farmington Hills, MI)                                         •       Qantas Airways Ltd.
           (Charlotte, NC)                                           •    JM Smucker Company                                                     (Los Angeles, CA)
    •      C & D Technologies, Inc.                                       (Orrville, OH)                                                 •       Ryerson
           (Blue Bell, PA)                                           •    Joy Global, Inc.                                                       (Chicago, IL)
    •      Clarks Companies, N.A.                                         (Milwaukee, WI)                                                •       SAP America Inc.
           (Boston, MA)                                              •    Lafarge NA, Inc.                                                       (Newtown Square, PA)
    •      Cliffs Natural Resources Inc.                                  (Herndon, VA)                                                  •       Teleflex
           (Cleveland, OH)                                           •    LVMH Moet Hennessy Louis                                               (Limerick, PA)
    •      Comcast Corporation                                            Vuitton                                                        •       The Clearing House
           (Philadelphia, PA)                                             (New York, NY)                                                         (New York, NY)
    •      CommScope                                                 •    Marine Corps Community                                         •       Unilever Best Foods, Inc.
           (Hickory, NC)                                                  Services                                                               (Englewood Cliffs, NJ)
    •      CoorsTek, Inc.                                                 (Quantico, VA)                                                 •       Viacom International Inc.
           (Golden, CO)                                                                                                                          (New York, NY)
Representative clients are selected by SEI to illustrate a sampling of SEI’s current client base, but may not necessarily endorse all of the services provided by SEI. List as of December 31, 2008.

                                                                    For Financial Intermediary use only.                                                                                        34
   Representative Global Institutional Client List
           UK                                                                                                       Hong Kong
           •    Hercules, Inc. (UK)                                                                              •       American Club Hong Kong
                Wilmington, DE                                                                                   •       Hong Kong Jockey Club
           •    Diamond Trading Company                                                                          •       Hong Kong Housing Society
                London                                                                                           •       Shui On Investment Company
           •    Brinks Limited                                                                                   •       Hong Kong Electric Holdings
                London                                                                                                   Limited
           •    DeLaval
                Cardiff
                                                                                                                     Continental Europe
           •    Higgins Group
                Loughton                                                                                             •   Roche Ireland Ltd.
           •    Monarch Airlines                                                                                         Dublin
                                                                                                                     •   Meubel
                Luton
                                                                                                                         Amsterdam
           •    Phoenix Dunlop Oil & Marine
                Grimsby
                                                                                                              South Africa
           •    Twyford Bathrooms Ltd.
                Stoke-on-Trent                                                                                  •        Old Mutual Symmetry
           •    University of Bristol                                                                                    Cape Town
                Bristol                                                                                         •        Grant Thornton
                                                                                                                         Johannesburg
Representative clients are selected by SEI to illustrate a sampling of SEI’s current client base, but may not necessarily endorse all of the services provided by SEI. List as of December 31, 2008.


                                                                 For Financial Intermediary use only.                                                                                        35
Disclosures
•   For more information about the SEI funds, please consult with your investment professional. The prospectus and other
    important information relating to the SEI funds can be found at www.seic.com or www.sedar.com.

•   Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund
    investments. Please read the prospectus of the SEI fund before investing in them. Mutual fund securities are not
    covered by the Canada Deposit Insurance Corporation or any other government deposit insurer. Mutual funds are not
    guaranteed, their values change frequently and past performances may not be repeated.

•   For those SEI funds which employ the 'manager-of-managers' structure, SEI Investments Canada Company has
    ultimate responsibility for the investment performance of the fund due to its responsibility to oversee the sub-advisors
    and recommend their hiring, termination and replacement.

•   Material that discusses the SEI funds and index returns, represent an assessment at a specific point in time and is not
    intended to be a forecast of future events, or a guarantee of future results. You cannot invest in an index. Index
    returns do not reflect the impact of any management fees, transaction costs or expenses. The index information
    presented is for illustrative purposes only, and is not reflective of the performance of specific SEI Funds.

•   Except as otherwise noted, the rates of return shown are the historical annual compounded total returns including
    changes in unit value and reinvestment of all distributions. The rates of return shown for periods of less than one year
    are simple rates of return. Rates of return do not take into account sales, redemption, distribution or optional charges
    or income taxes payable by any security holder that would have reduced returns.

•   The information contained herein is for general information purposes only and is not intended to constitute legal, tax,
    accounting, securities, or investment advice, nor an opinion regarding the appropriateness of any investment. You
    should not act or rely on the information contained herein without obtaining specific legal, tax, accounting and
    investment advice from an investment professional.




                                         For Financial Intermediary use only.                                                  36

				
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