SEI Canada Reduces Management Fees for Seven Asset Allocation Funds

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TORONTO, December 10, 2021 /CNW/ — SEI Investments Canada Company (SEI Canada), a wholly owned subsidiary of SEI Investments Company (SEI® – NASDAQ:SEIC), today announced management fee reductions for Class FC units of its asset allocation funds effective January 1, 2022.

No action is required on the part of unitholders to benefit from the reduction in management fees. The details of the management fee reductions are detailed in the table below. Class FC Units are currently offered to investors who have fee-based accounts with qualified dealers, representing a select group of SEI Canada’s strategic distribution partners, who have entered into a distribution agreement with SEI Canada.

FUNDS (Class FC Units)

RUNNING

MANAGEMENT
COSTS

NEW

MANAGEMENT
COSTS

60/40 Balanced Fund

0.60%

0.45%

Monthly Income Balanced Fund

0.60%

0.45%

Conservative Monthly Income Fund

0.45%

0.40%

Growth 100 Funds

0.65%

0.55%

80/20 Growth Fund

0.65%

0.55%

20/80 Income Fund

0.40%

0.35%

40/60 Income Fund

0.45%

0.35%

“We are passionate about working with our strategic partners and their advisors to build a brave futureSM for Canadian investors. As the investment industry continually evolves, we continue to seek ways to improve our offering to meet the demand for cost-effective, actively managed portfolio solutions,” said Andy Mitchell, CEO of SEI Canada.

The changes will be effective January 1, 2022. There will be no changes to the investment objectives or strategies of these funds.

Further information about each of the above asset allocation funds and Class FC Units is contained in the applicable final short form prospectus, as amended.

About SEI®
SEI (NASDAQ: SEIC) provides technology and investment solutions that connect the financial services industry. With capabilities in investment processing, operations and asset management, SEI works with corporations, financial institutions and professionals, as well as ultra-high net worth families, to solve problems, manage change and help protect assets, for today’s and tomorrow’s growth. From September 30, 2021, SEI manages, advises or administers approximately $1.3 trillion in assets. For more information, visit seic.com.

About UTE Canada
SEI founded its Canadian company in 1983, pioneering innovative asset management techniques for institutional investors. Today, SEI offers integrated investment management and strategic advisory solutions to help institutional investors achieve their organizational goals and fulfill their fiduciary responsibilities. Leveraging its investment expertise, SEI began offering investment solutions to retail investors through Investment Advisors in 1994. The investment approach offers multi-manager and globally diversified strategies with a appropriate home country preference for Canadian retail investors. SEI’s Goals-Based Strategies, Strategic Asset Allocation Strategies and Asset Class Funds are offered through select dealer relationships. For more information, visit seic.com/en-CA.

Company + media contact:

Netanel Spero
UTE
+1 610-676-4556
[email protected]

SOURCE SEI Investment Company

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