Issue link: https://read.uberflip.com/i/1490964
For existing institutional investor client use only. Not for public distribution. The information contained herein is confidential and proprietary to SEI and is not to be reproduced or made available in any form to any persons without the express prior written consent of SEI. 19 ©2022 SEI *A number of factors may contribute to attribution friction. Most commonly, attribution friction results from the compounding of alpha due to the performance of the beta, cash flows in DAA, sizing of static positions that are not exactly matched to a notional percentage of DAA and other general market frictions. **Benchmark was 50% S&P 500/50% 10 Year US Treasury Bond from inception to April 2012, from May 2012 to January 2013 the benchmark was 80% S&P 500, 10% iBoxx $ Liquid High Yield Index (USD) and 10% JP Morgan EMBI Global (USD) , and from February 2013 to present the benchmark is 100% S&P 500 Index. Performance data as of 9/30/2022. Alpha Attribution data as of 9/30/20XX. Source: SEI Data Portal. Gross fund performance reflects the effective performance of the underlying mutual funds that are selected or recommended by SIMC to implement an institutional client's investment strategy. Gross fund performance does not reflect the impact of fund level management fees, fund administration or shareholder servicing fees, all of which, if applicable are used to offset the account level investment management fees the client pays to SIMC. Gross fund performance does reflect certain operational expenses charged by the funds and the reinvestment of dividends and other earnings. The inclusion of the fund level expenses that the client incurs but that are offset against the client's account level investment management fees would reduce the gross fund performance of the mutual funds. 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. SEI Dynamic Asset Allocation Fund: performance review Performance Q3 2022 YTD 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 SEI Dynamic Asset Allocation Fund X.XX XX.XX XX.XX XX.XX XX.XX X.XX XX.XX XX.XX X.XX XX.XX XX.XX XX.XX SEI Blended Benchmark** X.XX XX.XX XX.XX XX.XX XX.XX X.XX XX.XX XX.XX X.XX XX.XX XX.XX XX.XX Excess Return X.XX X.XX X.XX X.XX X.XX X.XX X.XX X.XX X.XX X.XX X.XX X.XX -0.8% -0.6% -0.4% -0.2% 0.0% 0.2% 0.4% 0.6% 0.8% 1.0% 1.2% Long USD/Short SAR (FX Forwards) - X 2% Payer Swaption - X 10-Year U.S. CPI Swaps - X Bloomberg Commodity Index Total Return Swaps S&P 500 Equal Weight TR/MSCI EAFE Futures Swaps - X 1.985% Payer Swaption (3 Yr option on 30 Yr rate swaps) - X 5Y5Y OIS Swap - X Financial Conditions Index Alpha attribution by trade/theme Q4 2022 YTD 2022 Q4 20XX YTD 20XX