TORONTO, Aug. 15, 2018 /CNW/ -- SEI Investments Canada Company (SEI Canada), a wholly-owned subsidiary of SEI Investments Company (NASDAQ:SEIC), today announced that unitholders of four SEI Canada mutual funds, namely the Balanced 60/40 Fund, Growth 100 Fund, Income 40/60 Fund and Growth 80/20 Fund (each a Fund and collectively, the Funds), approved changes to each Fund's investment objectives at separate special unitholder meetings held today.

As detailed in the joint management information circular of the funds (the Circular) dated July 10, 2018, the adjustments to the investment objectives of each Fund will more accurately describe how each Fund is managed and will provide clarity to the unitholders of such Fund. If the changes to the investment objectives approved at today's meetings are implemented, the investment objectives of each Fund will be as follows:

• Balanced 60/40 Fund - The fundamental investment objective of the fund is to achieve long-term growth of capital and income through investment in a diversified portfolio of Canadian equity securities, Canadian fixed income securities, foreign equity securities, and foreign fixed income securities. The fund seeks to accomplish this objective by investing its assets in underlying funds.
  
• Growth 100 Fund - The fundamental investment objective of the fund is to achieve long-term growth of capital and income through investment in a diversified portfolio of Canadian equity securities and foreign equity securities. The fund seeks to accomplish this objective by investing its assets in underlying funds.
  
• Income 40/60 Fund - The fundamental investment objective of the fund is to achieve long-term growth of capital and income through investment in a diversified portfolio of Canadian equity securities, Canadian fixed income securities, foreign equity securities and foreign fixed income securities. The fund seeks to accomplish this objective by investing its assets in underlying funds.
  
• Growth 80/20 Fund - The fundamental investment objective of the fund is to achieve long-term growth of capital and income through investment in a diversified portfolio of Canadian equity securities, Canadian fixed income securities and foreign equity securities and foreign fixed income securities. The fund seeks to accomplish this objective by investing its assets in underlying funds.

SEI Canada has determined that the risk rating of each Fund will not change as a result of the changes to the investment objectives. SEI Canada expects that the changes will be implemented on or about August 31, 2018. The changes will be evidenced by amendments to the simplified prospectus, annual information form and fund facts for each Fund, as well as the master trust agreement governing the Funds. Copies of the foregoing documents, as amended, will be available at www.sedar.com and on SEI Canada's website.

About SEI Canada

SEI founded its Canadian business in 1983, pioneering innovative asset management techniques for institutional investors. Today, SEI offers integrated investment management and strategic advice solutions to help institutional investors achieve their organizational goals and fulfill fiduciary responsibilities. Capitalizing on its investment expertise, SEI began offering investment solutions to retail investors through investment advisors in 1994. The investment approach provides multi-manager, globally diversified strategies with an appropriate home-country bias for Canadian retail investors. SEI's Goals-Based strategies, Strategic Asset Allocation strategies and Asset Class Funds are available through select dealer relationships. For more information, visit seic.com/en-CA.

About SEI

Now in its 50th year of business, SEI (NASDAQ:SEIC) is a leading global provider of investment processing, investment management, and investment operations solutions that help corporations, financial institutions, financial advisors, and ultra-high-net-worth families create and manage wealth. As of June 30, 2018, through its subsidiaries and partnerships in which the company has a significant interest, SEI manages, advises or administers $882 billion (USD) in hedge, private equity, mutual fund and pooled or separately managed assets, including $331 billion (USD) in assets under management and $545 billion (USD) in client assets under administration. For more information, visit seic.com.

Company/Media Contact:
Leslie Wojcik
SEI
+1 610-676-4191
[email protected]

SOURCE SEI Investments Canada Company

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