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. 24 ©2022 SEI Manager changes Funds Manager Addition and Rationale Manager Termination and Rationale World Equity ex-US Fund Manager A (October 20XX) Manager A's investment philosophy employs a contrarian-value approach. The strategy invests in stocks trading below the team's assessment of fair value. Manager B (October 20XX) Manager B's strategy is closely aligned with the value alpha source. Their investment team takes a deep-value approach that seeks to identify significantly undervalued companies over a long-term investment horizon. Manager C (October 20XX) We removed this strategy in order to introduce two new higher- conviction value mangers, and also to increase the Fund's exposure to value. We believe the removal of Manager C will improve the Fund's manager line-up and enhance its exposure to the value alpha source.