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					                       Client Review
<Insert Client Name: Mr. John Smith>




                          <Insert Date>
Agenda

• Follow-up From Last Meeting
• Financial Planning Check Up and Reconfirm Goals
• Global Market Review and Economic Outlook
• Your Portfolio Review
• Financial Planning Tips & Upcoming Tax Climate
• Next Steps
• Appendix
 – 2013 Goal Setting

 – Performance
As Your Financial Advisor, I am Committed to
•   Better understanding your needs and goals.
•   Helping you avoid emotion-driven mistakes.
•   Helping you better understand the markets.
•   Providing options and explaining the trade-offs of each.
•   Being available to consult with you in all markets.
•   Providing access to your investments 24/7 through personal contact and
    technology.
•   Continuous monitoring and rebalancing of your accounts.
•   Keeping you up-to-date on your concerns and adjusting your investment
    strategies so you meet your goals.
        My goal is to help you manage risk and achieve consistent returns
                       that will keep you on path to your goals.
Follow-up from Prior Meeting
Financial Check Up

•   How are you and your family doing? How is your health?

•   How is your cash flow?

•   Do you have any anticipated changes to your investment plan, estate plan or
    insurance coverage?

•   Have there been any changes to your lifestyle or circumstances?

•   What are your plans for the next three to six months?

•   What are your top concerns for this year? What keeps you up at night?
  Review and Monitor Your Goals

                                                                  Identify your goals
                                                                   and resources
                                                 Discovery


     Monitor investment   Monitoring &                                                 Identify the appropriate
strategies and progress                                                                  investment
                                                                  Assessment
                              Review




                                                     
                               Implementation             Evaluation

                               Implement the Goals-    Evaluate and confirm
                               Based investment        the proposed
                               solution                investment solution

                                                                                                                    .
Global Market Review and Economic Outlook
Global Market Review: Third Quarter 2012
• Central-bank policies supported a global market
   rally.
• The U.S. Fed’s Quantitative Easing program
   and the European Central Bank’s Outright
   Monetary Transactions were the focus.
• Risk assets, such as equities and non-
   government bonds, were favored.
• Non-U.S. stocks led U.S. stocks as depressed
   areas, such as the eurozone, rebounded
   strongly
• High-yield bond and emerging debt experienced
   healthy gains, driving year-to-date returns to
   double digits.
• Further stimulus raised inflation expectations,
   driving inflation-sensitive assets higher.
• The U.S. dollar weakened versus most major
   currencies.

Source: SEI,. Returns in US dollars. Large Cap = Russell 1000, Small Cap = Russell 2000, Real Estate = Wilshire RESI (Float Adjusted) Index, Developed International Equity
Markets = MSCI EAFE, Emerging Markets Equity = MSCI EME, World Equities = MSCI World Index, Global Bonds = Barclay’s Capital Aggregate Global Bond Index, US Investment
Grade Bonds = Barclay’s Capital US Aggregate, High Yield = Merrill Lynch US HY Constrained, Emerging Markets Debt = JP Morgan EMBIGD, Treasury = Barclay’s Capital US
Treasury Bond Index, Inflation Linked = Barclays Capital 1-10 Yrs TIPS Index, Cash = BoA ML USD LIBOR 3M


                                                                                                   Past performance does not guarantee future results.
Equity Market Review: Third Quarter 2012
• Year-to-date, we have seen a choppy return
   pattern driven by macroeconomic issues.
• Central banks’ actions led to a “risk-on”
   environment.
• However, earnings growth was pressured as
   top-line growth remained in focus.
• Nonetheless, investors were focused on shorter-
   term developments as stocks with higher risk
   (beta and volatility) exposure outperformed.
• Non-U.S. markets outperformed the U.S., with
   emerging markets leading.
• The Energy sector, driven by inflation concerns
   as a result of central-bank actions, was the top
   U.S. sector.
• Top three S&P 500 sectors:
   – Energy: 10.0%
   – Telecom: 7.7%
   – Consumer Disc.: 7.3%
Source: FactSet, Standard & Poor’s, JP Morgan Asset Management
* EPS growth reflects operating earnings pershare; 4Q 2008, 1Q 2010 and 2Q 2010 represent -101%, 92% and 51% growth in operating earnings and have been adjusted in the
chart


                                                                                                   Past performance does not guarantee future results.
Fixed-Income Market Review: Third Quarter 2012
• Yields hit a low point in late July as investors
  digested ongoing eurozone news and slowing
  global growth.
• Active central-bank policies lent support to a
  sluggish economic backdrop.
• U.S. rates rose as investors rotated out of safe
  havens at quarter end.
• Rates for peripheral Europe fell as statements
  from the European Central Bank reduced fears.
• Non-government (spread) sectors outperformed
  U.S. Treasurys.
• The Fed’s third round of quantitative easing
  drove yields on agency mortgage-backed
  securities to extreme lows.



                                                                                                     Source: FactSet, Barclays Capital


                                                     The chart above represents the asset classes within the Barclays Capital
                                                     US Aggregate Bond Index.

                                                                    Past performance does not guarantee future results.
The Outlook ›
Lots of Challenges, Lots of Uncertainty
The Good News                                The Bad News

• The U.S. economy continues to grow,        • Europe’s recession is likely to be deeper
 although the pace is slow.                    for longer.
• Equities still appear reasonably priced,   • The debt crisis in Europe is far from
 but changes in investor sentiment will be     resolved, although we are staying alert to
 an important driver of stock and bond         policy surprises.
 prices.                                     • The fiscal cliff looms at year end, with
• Monetary policy remains expansionary in      U.S. public deeply divided on how to
 most countries.                               address the problem.
• Inflation fears have eased, although       • Emerging markets are struggling as
 energy and food prices remain volatile.       developed markets slow and China
• Emerging markets have become more            traverses its soft patch.
 attractive, but China’s slowdown is         • Tensions over Iran’s nuclear capabilities
 keeping investors on the sidelines.           have eased but have not disappeared.




                                                                                            11
Manager Changes ›
Key Additions and Terminations, Portfolio Structure Changes
 Fund                            Additions                          Rationale



SIMT Small Cap                  Fiduciary Mgmt Assoc               Integrated macro and stock-specific process

SIMT Small Cap Value            Fiduciary Mgmt Assoc               Integrated macro and stock-specific process

SIMT Multi-Asset Accumulation   PanAgora Asset Mgmt.               Unique risk parity approach

SIMT U.S. Fixed Income          Western Asset Mgmt.                Robust analytics and broad skill set


 Fund                            Terminations                       Rationale



SIMT Small Cap Growth           Allianz Global Investors Capital   Higher level of conviction in other managers

SIMT Small Cap                  Allianz Global Investors Capital   Higher level of conviction in other managers

SIMT Small Cap                  Wellington Management Co.          Change in key personnel
Portfolio Review
Let’s Review Your Most Recent Client Statement




                                                 14
**Insert Client-Specific Strategy Performance Slide from the
Appendix.
Active Management in Action ›
Multi-Asset Accumulation Fund




 Previous Weight (%) as of July 31, 2012                                                             Current Weight (%) as of August 31, 2012




                   The Chart shows the Fund’s proportional market exposure represented by each asset class.
                   The portfolio is actively managed and the asset class weights are subject to change.
Active Management in Action ›
Multi-Asset Income Fund




 Previous Weight (%) as of July 31, 2012                                                             Current Weight (%) as of August 31, 2012




                   The Chart shows the Fund’s proportional market exposure represented by each asset class.
                   The portfolio is actively managed and the asset class weights are subject to change.
Active Management in Action ›
Multi-Asset Capital Stability Fund




 Previous Weight (%) as of July 31, 2012                                                             Current Weight (%) as of August 31, 2012




                   The Chart shows the Fund’s proportional market exposure represented by each asset class.
                   The portfolio is actively managed and the asset class weights are subject to change.
Active Management in Action ›
Multi-Asset Inflation Managed Fund




 Previous Weight (%) as of July 31, 2012                                                             Current Weight (%) as of August 31, 2012




                   The Chart shows the Fund’s proportional market exposure represented by each asset class.
                   The portfolio is actively managed and the asset class weights are subject to change.
  Important Tax Dates to Consider
Though the biggest tax deadline for most people is April 15th, other important
deadlines come up throughout the rest of the tax year. Here are some common
ones:

January 15, 2013
Individuals: Fourth (last) estimated tax payment for 2012 (Form 1040-ES) due.

April 15, 2013
Individuals:
       • Last day to file Form 1040 (or extension Form 4868) your personal return and pay any tax that is due.
       • First estimated tax payment (Form 1040-ES) is due.
       • If you need to file a 2012 gift tax return, it also must be filed or extended by this date.
       • Last day to contribute to an IRA or Educational Savings Account for 2012. SEP and Keogh
         contributions are also due today if your return is not being extended.
       • Last day for individuals to file amended income tax returns (Form 1040X) for the calendar year 2009.
Trust:
       • Last day to file (or extend) fiduciary income return (Form 1041) and pay any tax that is due.
       • First estimated tax payment due.
       • Last day for trusts to file amended income tax returns for the calendar year 2009.
Estates:
       • Last day to file (or extend) fiduciary income return (Form 1041) and pay any tax that is due.
       • Last day for estates to file amended income tax returns for the calendar year 2009.
2013 Project Plan ›
Next Steps Worksheet

  Example

  Priority         Next Steps


  1.



  2.



  3.



  4.
Strategy Appendix
  SEI Growth-Focused Strategy
  PC Market-Growth
                                                                                           1%
• The strategy’s 5.07% quarterly return fell within the
  range of returns on the broad U.S. fixed-income and
  global equity markets.
• The Multi-Asset Accumulation Fund’s flexibility in
  accessing broad, global exposures was rewarded, as
  global equity exposure and a strategic allocation to
  inflation-sensitive assets helped performance.
• The reversal of sentiment from the second to third
  quarters was felt strongest in non-U.S. equities. As
  such, International Equity and Emerging Market Equity
  led in terms of quarterly performance. Relative
  performance in International Equity was supported by
  an overweight to emerging markets. U.S. Large Cap
  continued to outpace Small Cap with both gaining.
• Non-traditional bond exposures – High Yield Bond
  and Emerging Market Debt – led fixed income.
  Positioning in non-government sectors, particularly
  corporate financial bonds, was again beneficial to U.S.
  Fixed Income.

  Sources: SEI, FactSet. Performance is net of fees, selected Private Client Strategies.
  Past Performance is No Guarantee of Future Performance.
SIMT Multi-Asset Accumulation Fund
• The Multi-Asset Accumulation Fund returned
   6.01%. Its blended benchmark* returned 5.25%
   for the quarter.
• The Fund’s models took a more aggressive
   short-term position, specifically in global
   developed equities and emerging currencies, as
   the volatility from risk assets decreased
   significantly.
• From a risk weighting perspective, the Fund
   now maintains meaningful tactical underweights
   to nominal bonds and overweights to global
   equities and commodities. These positions were
   rewarded during the quarter.




Emerging Currencies = JP Morgan ELMI+ Index,, Global Inflation-Linked Bonds = Barclays World Govt Inflation Linked Bond Index Hedged, US , Commodities = DJ UBS Commodity
Index,, Global Developed Bonds = Citigroup WGBI (USD) Hedged, U.S. Small/Mid Cap=Russell 2500, Global Emerging Equities = S&P Emerging Markets BMI Net Return – USD
Hedged, Global , Global Developed Equities = S&P Developed BMI Net Return – USD Hedged
*60% MSCI World Equity Index (Hedged) / 40% Barclays Global Aggregate Bond Index (Hedged)
Source: SEI
SEI Stability-Focused Strategy
Private Client Conservative
• The strategy’s 2.07% quarterly return outpaced
   cash and the broad U.S. fixed-income markets.
• The recently introduced Multi Asset Income
   Fund was the strongest performer, benefitting
   from its more opportunistic positioning in both
   credit and equities. Mult-Asset Inflation was
   driven by central bank action.
• As global stock markets rallied on central-bank
   policy actions, the U.S. Managed Volatility and
   Global Managed Volatility Funds made
   meaningful contributions to the Strategy. Their
   focus on more stable areas of the economy
   reduced exposure to some of the equity
   market’s volatility.
• High Yield led all bond offerings and outpaced
   the Strategy’s overall return. Positioning in non-
   government sectors, particularly corporate
   financial bonds, was again beneficial to the
   performance of the U.S. Fixed Income Fund.

Sources: SEI, FactSet. Returns are net of fees, selected Private Client Strategies.
Past Performance is No Guarantee of Future Performance.
Not Losing Sight of Inflation Risk
• Further Federal Reserve quantitative easing
   (QE3) drove inflation expectations higher during
   the third quarter.
   – Fed not alone; ECB and BoJ also active
   – TIPs outperformed nominal bonds
• Fed policy appears aimed at higher inflation as
   means to support overall economic growth
• In this environment, inflation risk should be
   monitored, as it can erode the value of one’s
   investment returns
• SEI’s Stability-Focused strategies include
   allocations to:
   – SIMT Real Return – portfolio of inflation-protected
     bonds that aids in preventing the erosion of real
     returns generated from interest payments
   – SIMT Multi Asset Inflation – diverse portfolio of
     inflation-sensitive assets designed to efficiently
     generate real returns, increase inflation
     responsiveness and help protect against inflation
     surprises

Source: Bloomberg, SEI
SEI Institutional Growth and Income Strategy
• The strategy posted a third-quarter return of 5.19%,
   falling within the range of returns on the broad U.S.
   fixed income and global equity markets.
• The reversal of sentiment from the second quarter was
   felt strongest in non-U.S. equities. As such,
   international equity and emerging market equity led in
   terms of quarterly performance. Relative performance
   in international equity was supported by an overweight
   to emerging markets.
• Within the U.S., large caps continued to outpace small
   caps with both offerings generating healthy gains. Our
   portfolios continue to focus on fundamentals (quality
   firms) and, in general, this has resulted in a pro-growth
   positioning at the sector level.
• Non-traditional bond exposures – Highyield bond and
   emerging-market debt – led fixed income. Positioning
   in non-government sectors, particularly corporate
   financial bonds, was again beneficial to the
   performance of U.S. fixed income.

Sources: SEI, FactSet. Performance is net of Fees, selected Private Client Strategies
Past Performance is No Guarantee of Future Performance.
SIMT Core Fixed Income Fund
• SEI’s Core Fixed Income Fund continues to favor
  spread sectors due to solid corporate balance
  sheets, moderate economic growth and relative
  valuations
• Absolute and relative performance has benefited
  from this positioning
  – Corporate bonds, particularly financials, performed well
    due to robust capital levels, improving credit-loss trends
    and strength in housing
  – CMBS reached post-crisis tights and benefited from
    investor’s yield appetite
  – Agency MBS had a solid quarter driven by additional Fed
    purchases
• Fund positioning continues to shift given relative
  opportunities as yields compress:
  – Compressed valuations and global macro uncertainties
    have led to reduced risk posturing
  – Positions reduced in mortgages (agency and residential)
    and corporates
  – Overweight positions found in non-agency mortgages and       Source: FactSet, Barclays Capital
    corporate financial bonds                                    Represents OAS of non-agency mortgages within SIMT Core Fixed Income
                                                                 ** Represents BoA ML High Yield Constrained Index
  – Shorter duration than Barclays US Aggregate Index
SEI Growth-Focused Strategy
Private Client Tax-Managed Market Growth
• The strategy returned 5.5% for the quarter,
  performing with the range of the broad U.S.
  fixed-income and global equity markets.
• The reversal of sentiment from the second
  quarter was felt strongest in non-U.S. equities.
• Within the U.S., the Tax-Managed Large Cap
  Fund continued to outpace the Tax-Managed
  Small Cap Fund, with both generating healthy
  gains. Our portfolios continue to focus on
  fundamentals (quality firms) and, in general, this
  has resulted in a pro-growth positioning at the
  sector level.
• Diversification to non-traditional bond
  exposures – Emerging Market Debt and Tax
  Advantaged Income –was beneficial as these
  assets led the traditional Intermediate Term
  Municipal. However, Intermediate Term
  Municipal posted solid results. Municipal bonds
  may experience further benefits depending on
  any tax law changes following the elections.         Sources: SEI, FactSet. Performance is net of Fees, selected Private
                                                       Client Strategies
                                                       Past Performance is No Guarantee of Future Performance.
   SEI Stability-Focused Strategy › PC Short Term




• The strategy posted a quarterly return of 0.44% and continued to enhance yield beyond that of cash.
• The Multi Asset Capital Stability Fund was the best performer. The Fund’s process of monitoring market
  volatility and adjusting bond and equity exposures to manage potential drawdown proved beneficial.
• Real Return also delivered returns in excess of the overall strategy. With global central banks taking further
  action to reflate their economies, investor expectations for inflation spiked. As a result, inflation-protected
  bonds outperformed nominal bonds.


                                                                                                                Sources: SEI, FactSet..
                                                                               Past Performance is No Guarantee of Future Performance.
    SEI Stability-Focused Strategy › PC Defensive




• The strategy posted a quarterly return of 1.43% falling within the range of cash and the broad U.S. fixed-income markets.
• The recently introduced Multi-Asset Funds were additive. The Multi Asset Income Fund was the strongest performer,
  benefitting from its more opportunistic positioning in both credit and equities. Multi Asset Inflation was driven by increased
  inflation expectations as global central banks made efforts to reflate their economies.
• As global stock markets rallied on central-bank policy actions, U.S. Managed Volatility and Global Managed Volatility
  participated in the broad rally and outpaced the returns of the broad Strategy. Their focus on more stable areas of the
  economy continues to minimize the full volatility associated with equity investing.
• High Yield led all bond offerings and outpaced the Strategy’s overall return. U.S. Fixed Income also was a strong absolute and
  relative performer as a bias to non-government sectors, particularly corporate financial bonds, was beneficial.

                                                                                                     Sources: SEI, FactSet. Returns are net of fees.
                                                                                          Past Performance is No Guarantee of Future Performance.
    SEI Stability-Focused Strategy › PC Moderate




• The strategy posted a quarterly return of 3.0% outpacing cash and the broad U.S. fixed-income markets.
• The recently introduced Multi-Asset funds were contributors. Multi Asset Accumulation offers flexibility in accessing broad,
  global exposures and was rewarded for its positioning. An overweight towards global equity exposure and a strategic allocation
  to inflation-sensitive assets, which witnessed a surge on central bank news, combined for strong performance. The rise in
  investor inflation expectations also drove solid results in the Multi Asset Inflation Managed Fund.
• With risk in favor, Large Cap led all stock funds and remains biased in favor of a pro-growth environment. U.S. Managed
  Volatility and Global Managed Volatility participated in the broad rally and outpaced the returns of the broad Strategy. Their
  focus on more stable areas of the economy continues to minimize the full volatility associated with equity investing.
• High Yield led all bond offerings and outpaced the Strategy’s overall return. U.S. Fixed Income also was a strong absolute and
  relative performer as a bias to non-government sectors, particularly corporate financial bonds, was beneficial.

                                                                                                    Sources: SEI, FactSet. Returns are net of fees.
                                                                                         Past Performance is No Guarantee of Future Performance.
      SEI Growth-Focused Strategy › PC Core Market
                                                                    1%




• The strategy posted a quarterly return of 4.47%, falling within the range of returns on the broad U.S. fixed income and global equity
  markets.
• The recently introduced Multi Asset Accumulation Fund offers flexibility in accessing broad, global exposures and was rewarded for
  its positioning. An overweight towards global equity exposure and a strategic allocation to inflation-sensitive assets, which surged on
  central-bank news, combined for strong results. The rise in inflation expectations helped the Multi Asset Inflation Managed Fund.
• The reversal of sentiment from the second quarter was felt strongest in non-U.S. equities. As such, International Equity and
  Emerging Market Equity led. Relative performance in International Equity was supported by an overweight to emerging markets.
  Within the U.S., Large Cap continued to outpace Small Cap with both offerings generating healthy gains.
• Non-traditional bond exposures – High Yield Bond and Emerging Market Debt – led fixed income. U.S. Fixed Income also was a
  strong absolute and relative performer as a bias to non-government sectors, particularly corporate financial bonds, was beneficial.
                                                                                                      Sources: SEI, FactSet. Performance is net of fees.
                                                                                              Past Performance is No Guarantee of Future Performance.
      SEI Growth-Focused Strategy › PC Aggressive
                                                                         1%




• The strategy posted a quarterly return of 5.95%, keeping pace with the majority of the global equity market rally.
• The recently introduced Multi Asset Accumulation Fund offers flexibility in accessing broad, global exposures and was rewarded for its
  positioning. An overweight towards global equity exposure and a strategic allocation to inflation-sensitive assets, which witnessed a surge on
  central-bank news, combined for strong quarterly performance.
• The reversal of sentiment from the second quarter was felt strongest in non-U.S. equities. As such, International Equity and Emerging Market
  Equity led in terms of quarterly performance. Relative performance in International Equity was supported by an overweight to emerging markets.
  Within the U.S., Large Cap continued to outpace Small Cap with both offerings generating healthy gains.
• Non-traditional bond exposures – High Yield Bond and Emerging Market Debt – led most fixed-income asset classes. Emerging Market Debt
  was the stronger of the offerings with managers finding opportunities in corporate bonds and local currency debt.


                                                                                                             Sources: SEI, FactSet. Performance is net of fees.
                                                                                                     Past Performance is No Guarantee of Future Performance.
     SEI Growth-Focused Strategy › PC Equity
                                                            1%




• The strategy posted a quarterly return of 6.22%, falling in-line with the broad global equity market rally.
• The reversal of sentiment from the second quarter was felt strongest in non-U.S. equities. As such,
  International Equity and Emerging Market Equity had the best performance. Relative performance in
  International Equity was supported by an overweight to emerging markets, an are managers favor.
• Within the U.S., Large Cap continued to outpace Small Cap with both offerings generating healthy gains. Large
  Cap continues to support a pro-growth stance, resulting in overweights to technology and consumer-oriented
  stocks. In Small Caps, positioning has been more conservative relative to Large Cap as economic and
  regulatory overhang has provided less clarity.

                                                                                           Sources: SEI, FactSet. Performance is net of fees.
                                                                                   Past Performance is No Guarantee of Future Performance.
Fund Performance
SEI Performance Summary ›
Fixed-Income Mutual Funds
Net of Fees                                                                    Quarter-End Return                                          Year-to-Date Returns
Fixed-Income Mutual Fund
                                                                         SEI                       Benchmark                         SEI                       Benchmark
Benchmark Index
SIMT Core Fixed Income
Barclays Capital U.S. Aggregate Bond                                   3.03%                         1.58%                         7.36%                         3.99%
SIT Emerging Markets Debt
JP Morgan EMBI Global Diversified                                      5.81%                         5.72%                        13.32%                        13.25%
SIMT Enhanced Income
BofA ML USD 3M LIBOR Constant Maturity                                 1.80%                         0.13%                         4.26%                         0.41%
SIMT High Yield Bond
BofA ML USD High Yield Constrained                                     4.37%                         4.61%                        11.99%                        11.98%
STET Intermediate Term Municipal
Barclays Capital 3-15 Year Muni Blend                                  1.99%                         1.97%                         4.75%                         4.65%
SIT International Fixed Income
BofA ML USD High Yield Constrained                                     2.37%                         2.19%                         5.36%                         5.11%
SIMT Real Return
Barclays Capital 1-5 Year U.S. TIPS                                    1.06%                         1.05%                         1.92%                         2.19%
SDIT Short Duration Government
BofA ML 1-3 Year U.S. Treasury                                         0.56%                         0.26%                         1.49%                         0.37%
STET Short Duration Municipal
Barclays Capital 1 Year Municipal Bond                                 0.23%                         0.22%                         0.79%                         0.73%
STET Tax-Advantaged Income
Barclays Capital 60/40 HY Muni and Muni                                4.28%                         3.25%                        13.11%                        10.70%
SDIT Ultra Short Bond
Barclays Capital Short UST 9-12 Month                                  1.05%                         0.10%                         2.52%                         0.16%
SIMT US Fixed Income
Barclays Capital U.S. Aggregate Bond                                   2.19%                         1.58%                         5.51%                         3.99%

Performance data quoted is past performance. Past performance is no guarantee of future results. The principal value and investment return of an investment will fluctuate so that
shares, when redeemed, may be worth more or less than their original value. Current performance may be higher or lower. For performance data current to the most recent month
end, please call 1-800-DIAL-SEI. Performance information as shown is net of all mutual fund fees and expenses, but does not include any charges or fees which may or may not be
imposed by an investor’s financial advisor which will reduce performance returns. For example, on an account charged 1% by a financial advisor with a stated annual return (net of
mutual fund fees) of 10%, the net total return before taxes would be reduced from 10% to 9%. A ten year investment of $100,000 at 10% would grow to $259,400, and at 9%, to
$236,700 before taxes. Source: SEI Datamart
SEI Performance Summary ›
Equity Mutual Funds
Net of Fees                                                                      Quarter-End Return                                              Year-to-Date
Equity Mutual Fund
                                                                           SEI                      Benchmark                          SEI                        Benchmark
Benchmark Index
SIT Emerging Markets Equity
MSCI Emerging Markets                                                    6.88%                        7.74%                         10.33%                         11.98%
SIMT Global Managed Volatility
MSCI World                                                               3.59%                        5.59%                          9.99%                         12.52%
SIT International Equity
MSCI EAFE                                                                6.92%                        6.92%                          9.93%                         10.08%
SIMT Large Cap
Russell 1000                                                             6.26%                        6.31%                         15.31%                         16.28%
SIMT Large Cap Growth
Russell 1000 Growth                                                      6.30%                        6.11%                         17.38%                         16.80%
SIMT Large Cap Value
Russell 1000 Value                                                       6.90%                        6.51%                         14.25%                         15.75%
SIMT Mid Cap
Russell Midcap                                                           6.09%                        5.59%                         14.41%                         14.00%
SIMT Real Estate
Wilshire RESI (Float-Adjusted)                                          -0.59%                       -0.11%                         13.13%                         14.72%
SIMT Small Cap
Russell 2000                                                             4.75%                        5.25%                         11.70%                         14.23%
SIMT Small Cap Growth
Russell 2000 Growth                                                      4.68%                        4.84%                         12.96%                         14.08%
SIMT Small Cap Value
Russell 2000 Value                                                       3.74%                        5.67%                         11.40%                         14.37%
SIMT US Managed Volatility
Russell 3000                                                             3.32%                        6.23%                         12.65%                         16.13%
Performance data quoted is past performance. Past performance is no guarantee of future results. The principal value and investment return of an investment will fluctuate so that
shares, when redeemed, may be worth more or less than their original value. Current performance may be higher or lower. For performance data current to the most recent month
end, please call 1-800-DIAL-SEI. Performance information as shown is net of all mutual fund fees and expenses, but does not include any charges or fees which may or may not be
imposed by an investor’s financial advisor which will reduce performance returns. For example, on an account charged 1% by a financial advisor with a stated annual return (net of
mutual fund fees) of 10%, the net total return before taxes would be reduced from 10% to 9%. A ten year investment of $100,000 at 10% would grow to $259,400, and at 9%, to
$236,700 before taxes. Source: SEI Datamart
SEI Performance Summary ›
Equity Mutual Funds (continued)
Net of Fees                                                                        Quarter-End Return                                             Year-to-Date

Equity Mutual Fund
                                                                             SEI                     Benchmark                           SEI                       Benchmark
Benchmark Index
SIMT Tax-Managed Large Cap
Russell 1000                                                              6.39%                         6.31%                         15.63%                         16.28%
SIMT Tax-Managed Managed Volatility
Russell 3000                                                              3.53%                         6.23%                         10.89%                         16.13%
SIMT Tax-Managed Small/Mid Cap
Russell 2500                                                              4.85%                         5.57%                         13.18%                         14.33%




Performance data quoted is past performance. Past performance is no guarantee of future results. The principal value and investment return of an investment will fluctuate so that
shares, when redeemed, may be worth more or less than their original value. Current performance may be higher or lower. For performance data current to the most recent month
end, please call 1-800-DIAL-SEI. Performance information as shown is net of all mutual fund fees and expenses, but does not include any charges or fees which may or may not be
imposed by an investor’s financial advisor which will reduce performance returns. For example, on an account charged 1% by a financial advisor with a stated annual return (net of
mutual fund fees) of 10%, the net total return before taxes would be reduced from 10% to 9%. A ten year investment of $100,000 at 10% would grow to $259,400, and at 9%, to
$236,700 before taxes. Source: SEI Datamart
SEI Performance Summary ›
Multi-Asset Mutual Funds
Net of Fees                                                Quarter-End Return                                  Year-to-Date                               Since Inception

Mutual Fund
                                                        SEI                 Benchmark                    SEI                Benchmark                 SEI               Benchmark
Benchmark Index

SIMT Multi Strategy Alternative
BofA ML US 3M Treasury Bill                           0.63%                   0.03%                   1.91%                   0.07%                -0.17%                 0.11%

SIMT Multi Asset Accumulation
Blended Accumulation Benchmark
                                                      5.41%                   4.15%                     N/A                     N/A                 5.51%                 2.26%

SIMT Multi Asset Capital Stability
Blended Capital Stability Benchmark
                                                      1.10%                   0.81%                     N/A                     N/A                  1.2%                 0.89%

SIMT Multi Asset Income
Blended Income Benchmark
                                                      5.36%                   3.50%                     N/A                     N/A                 5.37%                 4.8%

SIMT Multi Asset Inflation
Blended Inflation Benchmark
                                                      3.19%                   3.01%                     N/A                     N/A                 1.54%                -0.21%




Blended Benchmarks include: Accumulation (40% Barclays Global Aggregate Hdg index; 60% MSCI World Hdg Index), Capital Stability (95% Barclays 1-3yr U.S. Govt/Credit Index;
5% S&P 500 Index), Income (45% Barclays U.S. Aggregate Bond Index; 40% BofAML High Yield Master Constrained Index; 15% S&P 500 Index), inflation (70% Barclays TIPS 1-
5yr; 30% MSCI ACWI Commodity Producers Index)


Performance data quoted is past performance. Past performance is no guarantee of future results. The principal value and investment return of an investment will fluctuate so that
shares, when redeemed, may be worth more or less than their original value. Current performance may be higher or lower. For performance data current to the most recent month
end, please call 1-800-DIAL-SEI. Performance information as shown is net of all mutual fund fees and expenses, but does not include any charges or fees which may or may not be
imposed by an investor’s financial advisor which will reduce performance returns. For example, on an account charged 1% by a financial advisor with a stated annual return (net of
mutual fund fees) of 10%, the net total return before taxes would be reduced from 10% to 9%. A ten year investment of $100,000 at 10% would grow to $259,400, and at 9%, to
$236,700 before taxes. Source: SEI Datamart
    SEI Annualized Performance Summary ›
    Fixed-Income Mutual Funds
                                                       Before     After
Net of Fees                                                                             1-Year                      5-Year                       10-Year                Since Inception
                                                       Waiver    Waiver
Fixed-Income Mutual Fund (Inception)                  Expense Expense
                                                                                  SEI        B’mark           SEI           B’mark           SEI         B’mark          SEI        B’mark
Benchmark Index                                       Ratio (%) Ratio (%)
SIMT Core Fixed Income (5/1/87)
Barclays Capital U.S. Aggregate Bond
                                                       0.90%       0.72%        8.67%        5.16%          7.34%           6.52%          5.80%         5.32%         6.96%        7.26%
SIT Emerging Markets Debt (6/26/97)
JP Morgan EMBI Global Diversified
                                                       1.80%       1.36%       18.48%       18.52%          9.33%           9.87%          14.24%       12.54%        10.77%        9.73%
SIMT Enhanced Income (7/27/06)
BofA ML USD 3M LIBOR Constant Mat
                                                       1.05%       0.60%        5.30%        0.48%         -2.13%           1.44%           #N/A          #N/A        -1.09%        2.21%
SIMT High Yield Bond (1/11/95)
BofA ML USD High Yield Constrained
                                                       1.14%       0.90%       18.04%       18.91%          7.83%           9.23%          8.91%        10.69%         7.72%        8.26%
STET Intermediate Term Municipal (9/5/89)
Barclays Capital 3-15 Year Muni Blend
                                                       0.86%       0.63%        7.06%        7.02%          5.51%           6.15%          4.09%         4.71%         5.27%        5.95%
SIT International Fixed Income (9/1/93)
BofA ML USD High Yield Constrained
                                                       1.21%       1.02%        6.34%        5.86%          4.03%           4.84%          4.73%         5.71%         4.63%        5.36%
SIMT Real Return (7/6/09)
Barclays Capital 1-5 Year U.S. TIPS
                                                       0.86%       0.46%        2.66%        3.08%          #N/A             #N/A           #N/A          #N/A         4.41%        4.75%
SDIT Short Duration Government (2/17/87)
BofA ML 1-3 Year U.S. Treasury
                                                       0.74%       0.48%        1.74%        0.56%          3.80%           2.78%          3.17%         2.80%         5.22%        5.31%
STET Short Duration Municipal (11/13/03)
Barclays Capital 1 Year Municipal Bond
                                                       0.86%       0.63%        1.10%        0.94%          2.29%           2.58%           #N/A          #N/A         2.17%        2.44%
STET Tax-Advantaged Income (9/4/07)
Barclays Capital 60/40 HY Muni and Muni
                                                       1.15%       0.87%       15.35%       12.17%          5.27%           5.35%           #N/A          #N/A         5.30%        5.52%
SDIT Ultra Short Duration Bond (9/28/93)
Barclays Capital Short UST 9-12 Month
                                                       0.74%       0.38%        2.45%        0.25%          1.35%           1.63%          2.03%         2.23%         3.68%        3.72%
SIMT US Fixed Income (7/2/09)
Barclays Capital U.S. Aggregate Bond
                                                       0.88%       0.67%        6.68%        5.16%          #N/A             #N/A           #N/A          #N/A         7.70%        6.89%
    Performance data quoted is past performance. Past performance is no guarantee of future results. The principal value and investment return of an investment will fluctuate so that
    shares, when redeemed, may be worth more or less than their original value. Current performance may be higher or lower. For performance data current to the most recent month
    end, please call 1-800-DIAL-SEI. Performance information as shown is net of all mutual fund fees and expenses, but does not include any charges or fees which may or may not be
    imposed by an investor’s financial advisor which will reduce performance returns. For example, on an account charged 1% by a financial advisor with a stated annual return (net of
    mutual fund fees) of 10%, the net total return before taxes would be reduced from 10% to 9%. A ten year investment of $100,000 at 10% would grow to $259,400, and at 9%, to
    $236,700 before taxes. Fee waivers are voluntary. Source: SEI Datamart
SEI Annualized Performance Summary ›
Equity Mutual Funds
                                                    Before    After
Net of Fees                                                                         1-Year                    5-Year                     10-Year              Since Inception
                                                    Waiver Waiver
Equity Mutual Fund (Inception)                     Expense Expense
                                                                              SEI       B’mark          SEI          B’mark          SEI        B’mark         SEI        B’mark
Benchmark Index                                    Ratio (%) Ratio (%)
SIT Emerging Markets Equity (1/17/95)
MSCI Emerging Markets
                                                    2.10%       1.97% 14.21%           16.93%         -3.44%        -1.28%         13.56%       16.99%       4.99%        7.40%
SIMT Global Managed Volatility (7/27/06)
MSCI World
                                                    1.29%       1.11% 14.89%           21.40%         -1.97%        -1.77%          #N/A         #N/A        0.51%        1.80%
SIT International Equity (12/20/89)
MSCI EAFE
                                                    1.27%       1.27% 14.76%           13.75%         -9.12%        -5.24%         5.10%        8.20%        2.84%        3.74%
SIMT Large Cap (9/30/09)
Russell 1000
                                                    1.03%       0.90% 29.04%           30.06%          #N/A          #N/A           #N/A         #N/A        11.39%      13.26%
SIMT Large Cap Growth (12/20/94)
Russell 1000 Growth
                                                    1.29%       1.12% 29.47%           29.19%         1.95%          3.24%         7.35%        8.40%        7.06%        7.79%
SIMT Large Cap Value (10/3/94)
Russell 1000 Value
                                                    0.99%       0.90% 29.54%           30.92%         -1.86%        -0.90%         7.16%        8.16%        7.64%        9.40%
SIMT Mid Cap (2/16/93)
Russell Midcap
                                                    1.32%       1.29% 29.50%           28.03%         -0.12%         2.24%         9.85%        11.17%       9.10%       10.23%
SIMT Real Estate (11/13/03)
Wilshire RESI (Float-Adjusted)
                                                    1.29%       1.15% 29.44%           32.40%         -0.05%         1.53%          #N/A         #N/A        9.03%        9.83%
SIMT Small Cap (9/30/09)
Russell 2000
                                                    1.29%       1.15% 29.93%           31.91%          #N/A          #N/A           #N/A         #N/A        10.67%      12.97%
SIMT Small Cap Growth (4/20/92)
Russell 2000 Growth
                                                    1.29%       1.13% 30.77%           31.18%         -1.54%         2.95%         7.73%        10.54%       8.34%        6.55%
SIMT Small Cap Value (12/20/94)
Russell 2000 Value
                                                    1.29%       1.15% 29.04%           32.63%         0.78%          1.35%         9.59%        9.67%        9.77%       10.10%
SIMT US Managed Volatility (10/28/04)
Russell 3000
                                                    1.29%       1.01% 23.41%           30.20%         2.87%          1.30%          #N/A         #N/A        6.56%        5.60%

Performance data quoted is past performance. Past performance is no guarantee of future results. The principal value and investment return of an investment will fluctuate so that
shares, when redeemed, may be worth more or less than their original value. Current performance may be higher or lower. For performance data current to the most recent month
end, please call 1-800-DIAL-SEI. Performance information as shown is net of all mutual fund fees and expenses, but does not include any charges or fees which may or may not be
imposed by an investor’s financial advisor which will reduce performance returns. For example, on an account charged 1% by a financial advisor with a stated annual return (net of
mutual fund fees) of 10%, the net total return before taxes would be reduced from 10% to 9%. A ten year investment of $100,000 at 10% would grow to $259,400, and at 9%, to
$236,700 before taxes. Fee waivers are voluntary. Source: SEI Datamart
SEI Annualized Performance Summary ›
Equity Mutual Funds (continued)
                                                            Before    After
Net of Fees                                                                                  1-Year                      5-Year                   10-Year             Since Inception
                                                            Waiver Waiver
Equity Mutual Fund (Inception)                             Expense Expense
                                                                                       SEI         B’mark          SEI         B’mark          SEI        B’mark        SEI       B’mark
Benchmark Index                                            Ratio (%) Ratio (%)
 SIMT Tax-Managed Large Cap (3/5/98)
 Russell 1000
                                                            1.04%        0.90%      29.70%        30.06%        -0.03%         1.22%         7.44%        8.35%       3.21%       4.33%
   After Tax Return (1)                                                             29.40%                      -0.21%                       7.26%                    3.00%
   After Tax Return (2)                                                             19.38%                      -0.07%                       6.53%                    2.71%
 SIMT Tax-Managed Mgd Volatility (12/20/07)
 Russell 3000
                                                             1.29%       1.01%      21.70%        30.20%         #N/A           #N/A          #N/A        #N/A        4.78%       2.10%
   After Tax Return (1)                                                             20.57%                       #N/A
   After Tax Return (2)                                                             14.99%                       #N/A
 SIMT Tax-Managed Small/Mid Cap (10/31/00)
 Russell 2500
                                                            1.29%        1.15%      28.09%        30.93%         0.32%         2.80%         8.76%       10.85%       4.80%       6.70%
   After Tax Return (1)                                                             27.98%                       0.07%                       8.28%                    4.40%
   After Tax Return (2)                                                             18.30%                       0.23%                       7.69%                    4.12%
(1) After taxes on distributions of dividends and capital gains**
(2) After taxes on distributions of dividends and capital gains and proceeds from the sale of fund shares**
**    After-tax returns are calculated using the historical top individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Your actual after-tax
returns will depend your tax situation and may differ from those shown. After-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred
arrangements, such as 401(k) plans or individual retirement accounts. After taxes on distributions of dividends and capital gains**
After taxes on distributions of dividends and capital gains and proceeds from the sale of fund shares**
**    After-tax returns are calculated using the historical top individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Your actual after-tax
returns will depend your tax situation and may differ from those shown. After-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred
arrangements, such as 401(k) plans or individual retirement accounts.
Performance data quoted is past performance. Past performance is no guarantee of future results. The principal value and investment return of an investment will fluctuate so that
shares, when redeemed, may be worth more or less than their original value. Current performance may be higher or lower. For performance data current to the most recent month
end, please call 1-800-DIAL-SEI. Performance information as shown is net of all mutual fund fees and expenses, but does not include any charges or fees which may or may not be
imposed by an investor’s financial advisor which will reduce performance returns. For example, on an account charged 1% by a financial advisor with a stated annual return (net of
mutual fund fees) of 10%, theon net total return before taxes would be reduced from 10% to 9%. A ten year investment of $100,000 at 10% would grow to $259,400, and at 9%, to
$236,700 before taxes. Fee waivers are voluntary. Source: SEI Datamart
SEI Annualized Performance Summary ›
Multi-Asset Mutual Funds
                                                        Before        After
Net of Fees                                                                                1-Year                    5-Year                10-Year             Since Inception
                                                        Waiver       Waiver

Mutual Fund (Inception)                                Expense      Expense
                                                                                     SEI        B’mark         SEI       B’mark         SEI       B’mark        SEI       B’mark
Benchmark Index                                        Ratio (%)    Ratio (%)

SIMT Multi Strategy Alternative (3/31/10)
BofA ML US 3M Treasury Bill
                                                        3.77%         2.14%        2.50%        0.07%         #N/A        #N/A         #N/A        #N/A       -0.17%      0.11%

SIMT Multi Asset Accumulation (4/9/12)
Blended Accumulation Benchmark
                                                        1.56%        1.23%          N/A                       N/A                      N/A                    5.51%       2.26%

SIMT Multi Asset Capital Stability (4/9/12)
Blended Capital Stability Benchmark
                                                        1.10%        0.62%          N/A                       N/A                      N/A                     1.2%       0.89%

SIMT Multi Asset Income (4/9/12)
Blended Income Benchmark
                                                        1.34%        0.84%          N/A                       N/A                      N/A                    5.37%        4.8%

SIMT Multi Asset Inflation (4/9/12)
Blended Inflation Benchmark
                                                        1.35%        0.90%          N/A                       N/A                      N/A                    1.54%       -0.21%



Blended Benchmarks include: Accumulation (40% Barclays Global Aggregate Hdg index; 60% MSCI World Hdg Index), Capital Stability (95% Barclays 1-3yr U.S. Govt/Credit Index;
5% S&P 500 Index), Income (45% Barclays U.S. Aggregate Bond Index; 40% BofAML High Yield Master Constrained Index; 15% S&P 500 Index), inflation (70% Barclays TIPS 1-
5yr; 30% MSCI ACWI Commodity Producers Index)


Performance data quoted is past performance. Past performance is no guarantee of future results. The principal value and investment return of an investment will fluctuate so that
shares, when redeemed, may be worth more or less than their original value. Current performance may be higher or lower. For performance data current to the most recent month
end, please call 1-800-DIAL-SEI. Performance information as shown is net of all mutual fund fees and expenses, but does not include any charges or fees which may or may not be
imposed by an investor’s financial advisor which will reduce performance returns. For example, on an account charged 1% by a financial advisor with a stated annual return (net of
mutual fund fees) of 10%, the net total return before taxes would be reduced from 10% to 9%. A ten year investment of $100,000 at 10% would grow to $259,400, and at 9%, to
$236,700 before taxes. Fee waivers are voluntary. Source: SEI Datamart
  SEI Annualized Performance Summary ›
  Money Market Funds
                                             Before       After      7-Day      Unsubsidized
Net of Fees                                                                                               1-Year                5-Year               10-Year         Since Inception
                                             Waiver      Waiver      Yield       7-Day Yield

Money Market Fund (Inception)               Expense Expense
                                                                       SEI            SEI           SEI        B’mark       SEI       B’mark       SEI     B’mark       SEI     B’mark
Benchmark Index                             Ratio (%) Ratio (%)

SDIT Prime Obligation A (12/22/87)
iMoneyNet First Tier Institutional
                                             0.77%       0.31%       0.07%          -0.27%         0.06%       0.06%      0.88%       0.87%      1.90% 1.79% 4.08% 0.00%

STET Tax Free A (11/12/82)
iMoneyNet Tax-Free Retail
                                             0.69%       0.30%       0.01%          -0.38%         0.01%       0.00%      0.63%       0.50%      1.24% 1.05% 2.97% 0.00%




  iAn investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the
  Fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the Fund. The yield quotation more
  closely reflects the current earnings of the Fund than the total return quotation.



  Source: SEI Datamart
  Performance data quoted is past performance. Past performance is no guarantee of future results. Current performance may be higher or lower. For performance data current to the
  most recent month end, please call 1-800-DIAL-SEI. The yield quotation more closely reflects the current earnings of the money market fund than the total returns. An investment in
  the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the Fund seeks to preserve the value of your
  investment at $1.00 per shares, it is possible to lose money by investing in the Fund. Fee waivers are voluntary.
   GoalLink Goals-Based Performance
                                                                                                                                                      Since
                                                                                                             1-Year       5-Year       5-Year                 Before           After
                                                                                 QTD Total YTD Total                                                Inception
 GoalLink Fund (Inception)                                                                                    Total        Total      Standard                Waiver          Waiver
                                                                                  Return    Return                                                    Return
                                                                                                             Return       Return      Deviation               Fee (%)         Fee (%)
                                                                                                                                                   Annualized

Stability-Focused (SF) Defensive Strategy Fund (11/17/03)                           1.49%       3.01%        3.95%        0.54%        2.61%          2.59%        0.86%      0.60%
Stability-Focused (SF) Conservative Strategy Fund (11/17/03)                        2.29%       5.44%        7.91%        0.38%        6.68%          3.41%        1.00%      0.74%
Stability-Focused (SF) Moderate Strategy Fund (11/17/03)                            3.19%       7.82%        12.07%       1.36%        10.16%         4.78%        1.15%      0.89%
Growth-Focused (MF) Core Market Strategy Fund (11/17/03)                            4.53%       10.59%       17.51%       2.77%        11.43%         5.25%        1.25%      0.99%
Growth-Focused (MF) Market Growth Strategy Fund (11/17/03)                          5.08%       12.28%       21.34%       1.05%        15.46%         5.14%        1.34%      1.08%
Growth-Focused (GF) Aggressive Strategy Fund (11/17/03)                             5.74%       13.97%       25.02%       -0.86%       19.51%         5.14%        1.42%      1.17%



 S&P 500 Index
                                                                                    6.35%       16.44%       30.20%       1.05%        19.13%
 US TSY Bill
                                                                                    0.03%       0.07%        0.07%        0.72%        0.38%
 MSCI EAFE
                                                                                    6.92%       10.08%       13.75%       -5.24%       23.52%


Fee waivers are voluntary.


Performance data quoted is past performance. Past performance is no guarantee of future results. The principal value and investment return of an investment will fluctuate so that
shares, when redeemed, may be worth more or less than their original value. Current performance may be higher or lower. For performance data current to the most recent month end,
please call 1-800-DIAL-SEI. Performance information as shown is net of all mutual fund fees and expenses, but does not include any charges or fees which may or may not be imposed
by an investor’s financial advisor which will reduce performance returns. For example, on an account charged 1% by a financial advisor with a stated annual return (net of mutual fund
fees) of 10%, the net total return before taxes would be reduced from 10% to 9%. A ten year investment of $100,000 at 10% would grow to $259,400, and at 9%, to $236,700 before
taxes. Source: SEI Datamart
  GoalLink Tax-Managed Goals-Based Performance
                                                                QTD                                                             5-Year
                                                                          YTD Total      1-Year Total       5-Year Total                             Since Inception
 Tax-Managed GoalLink Models                                    Total                                                          Standard
                                                                           Return           Return             Return                               Return Annualized
                                                               Return                                                          Deviation

Stability-Focused TM Defensive Strategy (11/17/03)
                                                               1.08%        4.02%            6.76%             3.45%             4.34%                     3.93%
Stability-Focused TM Conservative Strategy (11/17/03)          1.55%        6.38%           11.17%             4.01%             7.88%                     5.30%
Stability-Focused TM Moderate Strategy (11/17/03)              2.72%        8.20%           14.27%             3.36%             9.56%                     5.47%
Growth-Focused TM Core Market Strategy (11/17/03)              3.99%        9.27%           16.02%             2.78%            10.48%                     5.11%
Growth-Focused TM Market Growth Strategy (11/17/03)            4.99%       11.53%           20.61%             1.40%            15.14%                     5.21%
Growth-Focused TM Aggressive Strategy (11/17/03) *             6.07%       13.80%           25.25%             -0.42%           19.93%                     5.46%

* The Before Waiver Fee and After Waiver Fee is 1.40%
and 1.14%, respectively

 S&P 500 Index
                                                               6.35%       16.44%           30.20%             1.05%            19.13%
 US TSY Bill
                                                               0.03%        0.07%            0.07%             0.72%             0.38%
 MSCI EAFE
                                                               6.92%       10.08%           13.75%             -5.24%           23.52%




  Source: SEI DataMart (monthly returns )
  Performance assumes investment at the beginning of the period indicated and reflects all recommended reallocations and changes among the funds, including changes in investment
  managers and funds included in the model. Information on allocations among funds, reallocations and model changes is available upon request. Model performance shown is not
  meant to represent any individual client account. Model performance shown is net of fees charged by SEI.
  Private Client Strategies ›
  Goals-Based Performance
                                                                  QTD Total YTD Total 1-Year Total               5-Year Total        5-Year Standard        Since Inception
                                                                   Return    Return      Return                     Return              Deviation          Return Annualized

Stability-Focused (SF) Short Term Strategy (12/31/09)               0.44%         0.89%          1.06%                N/A                   N/A                   1.45%
Stability-Focused (SF) Defensive Strategy (7/31/06)                 1.43%         2.94%          3.96%              -0.02%                3.12%                   2.18%
Stability-Focused (SF) Conservative Strategy Fund (7/31/06)         2.07%         4.97%          7.22%              -0.62%                7.57%                   2.69%
Stability-Focused (SF) Moderate Strategy Fund (7/31/06)             3.00%         7.35%         11.38%              0.98%                 10.38%                  4.22%
Growth-Focused (MF) Core Market Strategy Fund (7/31/06)             4.47%         9.87%         15.73%              2.37%                 11.38%                  5.05%
Growth-Focused (MF) Market Growth Strategy Fund
(7/31/06)
                                                                    5.07%        11.68%         19.84%              0.64%                 15.43%                  4.99%
Growth-Focused (GF) Aggressive Strategy Fund (7/31/06)              5.95%        13.68%         24.21%              -1.12%                19.50%                  4.94%
Growth-Focused (GF) Equity Strategy Fund (12/31/09)                 6.22%        13.52%         25.18%                N/A                   N/A                   7.94%



S&P 500 Index
                                                                    6.35%        16.44%         30.20%              1.05%                 19.13%
US TSY Bill
                                                                    0.03%         0.07%          0.07%              0.72%                 0.38%
MSCI EAFE
                                                                    6.92%        10.08%         13.75%              -5.24%                23.52%




  Performance assumes investment at the beginning of the period indicated and reflects all recommended reallocations and changes among the funds, including changes in investment
  managers and funds included in the model. Information on allocations among funds, reallocations and model changes is available upon request. Model performance shown is not
  meant to represent any individual client account. Model performance shown is net of fees charged by SEI. Performance information as shown is net of all mutual fund fees and
  expenses, but does not include any charges or fees which may or may not be imposed by an investor’s financial advisor which will reduce performance returns. For example, on an
  account charged 1% by a financial advisor with a stated annual return (net of mutual fund fees) of 10%, the net total return before taxes would be reduced from 10% to 9%. A ten
  year investment of $100,000 at 10% would grow to $259,400, and at 9%, to $236,700 before taxes. Source: SEI Datamart
Private Client Strategies ›
Tax-Managed Goals-Based Performance
                                                                                                                                       5-Year         Since Inception
                                                                   QTD Total       YTD Total       1-Year Total 5-Year Total
                                                                                                                                      Standard            Return
                                                                    Return          Return            Return       Return
                                                                                                                                      Deviation         Annualized
Stability-Focused TM Short Term Strategy (12/31/09)                  0.29%           0.79%            1.14%            N/A               N/A               1.09%
Stability-Focused TM Defensive Strategy (7/31/06)                    1.14%           3.36%            5.01%           3.14%            3.75%               3.72%
Stability-Focused TM Conservative Strategy (7/31/06)                 1.97%           5.72%            9.12%           3.61%            6.87%               4.92%
Stability-Focused TM Moderate Strategy (7/31/06)                     2.83%           7.53%           12.53%           3.17%            8.82%               5.12%
Growth-Focused TM Core Market Strategy (7/31/06)                     4.27%          10.24%           16.88%           3.03%           10.46%               5.20%
Growth-Focused TM Market Growth Strategy (7/31/06)                   5.20%          12.27%           21.16%           1.36%           14.99%               5.33%
Growth-Focused TM Aggressive Strategy (7/31/06)                      6.07%          14.03%           24.99%          -0.50%           19.59%               5.39%
Growth-Focused TM Equity Strategy (12/31/09)                         6.22%          14.05%           26.10%            N/A               N/A               8.79%



S&P 500 Index
                                                                     6.35%          16.44%           30.20%           1.05%           19.13%
US TSY Bill
                                                                     0.03%           0.07%            0.07%           0.72%            0.38%
MSCI EAFE
                                                                     6.92%          10.08%           13.75%          -5.24%           23.52%




Performance assumes investment at the beginning of the period indicated and reflects all recommended reallocations and changes among the funds, including changes in investment
managers and funds included in the model. Information on allocations among funds, reallocations and model changes is available upon request. Model performance shown is not
meant to represent any individual client account. Model performance shown is net of fees charged by SEI. Performance information as shown is net of all mutual fund fees and
expenses, but does not include any charges or fees which may or may not be imposed by an investor’s financial advisor which will reduce performance returns. For example, on an
account charged 1% by a financial advisor with a stated annual return (net of mutual fund fees) of 10%, the net total return before taxes would be reduced from 10% to 9%. A ten
year investment of $100,000 at 10% would grow to $259,400, and at 9%, to $236,700 before taxes. Source: SEI Datamart
Institutional Performance
                                                      QTD Total Return        YTD Total Return                               5 Year Annualized 10 Year Annualized
Strategy                                                                                             1 Year Return (%)
                                                            (%)                     (%)                                          Return (%)        Return (%)

Institutional Fixed Income                                 3.31%                   8.04%                  10.12%                   7.13%                   6.81%
Institutional Moderate Growth & Income                     4.56%                  10.46%                  16.16%                   3.74%                   7.42%
Institutional Growth & Income                              5.18%                  11.59%                  19.12%                   1.89%                   7.61%
Institutional Capital Growth                               5.81%                  12.68%                  22.05%                  -0.05%                   7.70%
Institutional Equity                                       6.39%                  13.65%                  24.73%                  -2.04%                   7.63%


S&P 500 Index                                              6.35%                  16.44%                  30.20%                   1.05%                   8.01%
Barclays Aggregate Bond Index                              1.58%                   3.99%                   5.16%                   6.53%                   5.32%
US TSY Bill 1-3 Month                                      0.03%                   0.07%                   0.07%                   0.72%                   1.82%




Performance assumes investment at the beginning of the period indicated and reflects all recommended reallocations and changes among the funds, including changes in investment
managers and funds included in the model. Information on allocations among funds, reallocations and model changes is available upon request. Model performance shown is not
meant to represent any individual client account. Model performance shown is net of fees charged by SEI. Performance information as shown is net of all mutual fund fees and
expenses, but does not include any charges or fees which may or may not be imposed by an investor’s financial advisor which will reduce performance returns. For example, on an
account charged 1% by a financial advisor with a stated annual return (net of mutual fund fees) of 10%, the net total return before taxes would be reduced from 10% to 9%. A ten
year investment of $100,000 at 10% would grow to $259,400, and at 9%, to $236,700 before taxes. Source: FactSet
Index definitions
• The Barclays Capital Global Aggregate Bond Index (formerly Lehman Brothers Global Aggregate
  Index), an unmanaged market-capitalization-weighted benchmark, tracks the performance of
  investment-grade fixed income securities denominated in 13 currencies. The index reflects
  reinvestment of all distributions and changes in market prices.
• The Barclays Capital U.S. Aggregate Bond Index (formerly Lehman Brothers U.S. Aggregate Bond
  Index) is a benchmark index composed of U.S. securities in Treasury, Government-Related,
  Corporate, and Securitized sectors. It includes securities that are of investment-grade quality or better,
  have at least one year to maturity, and have an outstanding par value of at least $250 million.
• The CDX IG 12 is a benchmark high-grade derivatives index, which measures the cost of insuring a
  basket of U.S. investment-grade corporate debt against defaults.
• The Chicago Board Options Exchange Volatility Index (VIX) tracks the expected volatility in the S&P
  500 over the next 30 days. A higher number indicates greater volatility. Common usage: The Chicago
  Board Options Exchange Volatility Index (VIX), a barometer of market volatility.
Index definitions
• The Dow Jones Wilshire Real Estate Securities Index (RESI) is used to measure the U.S. real estate
  market and includes both real estate investment trusts (REITs) and real estate operating companies
  (REOCs). It is weighted by float-adjusted market capitalization.
• The JP Morgan Emerging Market Bond Index is a total return, unmanaged trade-weighted index for
  U.S. dollar-denominated emerging-market bonds, including sovereign debt, quasi-sovereign debt,
  Brady bonds, loans and Eurobonds.
• The MSCI All Country World Index is a market-capitalization-weighted index composed of over 2,000
  companies, and is representative of the market structure of 48 developed and emerging-market
  countries in North and South America, Europe, Africa, and the Pacific Rim. The index is calculated with
  net dividends reinvested in U.S. dollars.
• The MSCI EAFE Index is an unmanaged, market-capitalization-weighted equity index that represents
  the developed world outside North America.
• The MSCI Emerging Markets Index is a free-float-adjusted market-capitalization-weighted index
  designed to measure the performance of global emerging-market equities.
Index definitions
• The Merrill Lynch High Yield Master II Constrained Index is a market-value-weighted index of all
  domestic and Yankee high-yield bonds, including deferred interest bonds and payment-in-kind
  securities. Its securities have maturities of one year or more and a credit rating lower than BBB-/Baa3
  but are not in default.
• The Russell 1000 Index includes 1000 of the largest U.S. equity securities based on market cap and
  current index membership; it is used to measure the activity of the U.S. large-cap equity market.
• The Russell 2000 Index includes 2000 small-cap U.S. equity names and is used to measure the
  activity of the U.S. small-cap equity market.
• The S&P 500 Index is a capitalization-weighted index made up of 500 widely held large-cap U.S.
  stocks in the Industrials, Transportation, Utilities and Financials sectors.
Disclosures
Disclosure
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. There is no
assurance as of the date of this material that the securities mentioned remain in or out of SEI Funds.
For those SEI Funds which employ the `manager of managers' structure, SEI Investments Management Corporation (SIMC) has ultimate
responsibility for the investment performance of the Funds due to its responsibility to oversee the sub-advisers and recommend their hiring,
termination and replacement. SIMC is the adviser to the SEI Funds, which are distributed by SEI Investments Distribution Co. (SIDCO). SIMC and
SIDCO are wholly owned subsidiaries of SEI Investments Company.
Carefully consider the investment objectives, risk factors and charges and expenses of the Funds before investing. This and other
information can be found in the Funds’ prospectuses, which can be obtained by calling 1-800-DIAL-SEI. Read them carefully before
investing.
Disclosure
There are risks involved with investing, including loss of principal. Current and future portfolio holdings are subject to risks as well.
International investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally
accepted accounting principles or from economic or political instability in other nations. Narrowly focused investments and smaller
companies typically exhibit higher volatility. Emerging markets involve heightened risks related to the same factors as well as increased
volatility and lower trading volume. Bonds and bond funds will decrease 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 their more speculative nature.
Diversification may not protect against market risk. There is no assurance the objectives discussed will be met. Past performance does
not guarantee future results. Index returns are for illustrative purposes only and do not represent actual portfolio performance. Index
returns do not reflect any management fees, transaction costs or expenses. One cannot invest directly in an index.
Not FDIC Insured
No Bank Guarantee
May Lose Value
Disclosure
Please note that PC model allocations and/or investment components are subject to change. Short- and long-term tax impact should be
considered. It is your responsibility to ensure that you and your clients are investing in the most recent allocations.
Neither SEI nor its affiliates provide tax advice. Please note that (i) any discussion of U.S. tax matters contained in this communication
cannot be used by you for the purpose of avoiding tax penalties; (ii) this communication was written to support the promotion or
marketing of the matters addressed herein; and (iii) you should seek advice based on your particular circumstances from an
independent tax advisor.
There are risks involved with investing, including loss of principal. Current and future portfolio holdings are subject to risks as well.
Investing in the Funds is subject to the risks of the underlying funds. Asset allocation may not protect against market risk. Bonds and
bond funds will decrease in value as interest rates rise. Due to their investment strategies, the Funds may buy and sell securities
frequently. The use of leverage can amplify the effects of market volatility on the Fund’s share price and may also cause the Fund to
liquidate portfolio positions when it would not otherwise be advantageous to do so in order to satisfy its obligations.
High-yield securities may be more volatile, be subject to greater levels of credit or default risk and may be less liquid and more difficult
to sell at an advantageous time or price to value than higher-rated securities of similar maturity.
Commodity investments and derivatives may be more volatile and less liquid than direct investments in the underlying commodities
themselves. Commodity-related equity returns can also be affected by the issuer’s financial structure or the performance of unrelated
businesses. The Fund’s use of futures contracts, forward contracts, options and swaps is subject to market risk, leverage risk,
correlation risk and liquidity risk.

				
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