The Investment Management Unit’s Advice team has updated allocations for certain SEI ETF and SEI U.S. Focused ETF Strategies, with the changes expected to be executed on or around August 7, 2026.

• The addition of a new ETF, the SEI ANG Research Enhanced U.S. Large Cap ETF (ticker: ANGU), reflects our global investment team’s latest insights.
• U.S. equity allocations were rebalanced to better reflect the overall capitalization makeup of the U.S. equity market. U.S. small caps were modestly reduced in favor of U.S. large caps.
• For the SEI ETF Strategies only, developed international equity allocations were reduced in favor of emerging markets. These changes better align the Strategies with the current composition of global equity markets.
• These allocations are determined using capital market assumptions based on historical analysis, current market assessments, and qualitative reasoning.

Added exposure to ANGU, a new SEI ETF

ANGU is managed to track a rules-based, research-enhanced U.S. large-cap index designed to provide a differentiated approach relative to the market-cap focus of traditional indices, while still staying closely aligned to the broader market. It uses optimized, benchmark-aware construction to create a more intentional portfolio without turning into a concentrated factor tilt. Quality, momentum, and value-oriented signals help shape the portfolio design and construction. These signals are implemented in a manner that maintains similar overall risk exposures to a broader index, the cap-weighted STOXX US Universal Index. We expect this exposure to complement the existing passive exposures inside the strategies and to improve diversification.

Rebalanced international equity exposure and capitalization exposure in the U.S.

SEI also updated the size and geographic splits within the portfolios’ equity allocations. U.S. large cap was modestly increased relative to U.S. small cap, and where applicable, developed international equity was reduced relative to emerging market equity. We believe these changes better align the portfolios with the composition of today's global equity markets and represent a more efficient allocation of portfolio risk. While individual countries and market segments may experience periods of outperformance or underperformance, maintaining diversified exposure across geographies and capitalizations allows investors to participate in the collective opportunities available across global equity markets.

Strategies with allocation changes:

• SEI ETF Conservative Strategy
• SEI ETF Moderate Conservative Strategy
• SEI ETF Moderate Growth Strategy
• SEI ETF Growth Strategy
• SEI ETF Equity Strategy
• SEI U.S. Focused ETF Conservative Strategy
• SEI U.S. Focused ETF Moderate Conservative Strategy
• SEI U.S. Focused ETF Moderate Growth Strategy
• SEI U.S. Focused ETF Growth Strategy
• SEI U.S. Focused ETF Equity Strategy

Exhibit 1: Summary of allocation changes SEI ETF Strategies

Glossary and index definitions

For financial term and index definitions, please see: https://www.seic.com/ent/imu-communications-financial-glossary

The STOXX® US Universal Index is a market cap-weighted index designed to represent the performance of the Large and Mid Cap companies from the US covering approximately 85% of investable market capitalization.

Important information

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. The information should not be relied upon by the reader as research or investment advice and is intended for educational purposes only. The information contained herein is for general and educational purposes only and is not intended to constitute legal, tax, accounting, securities, research or investment advice regarding the strategies or any security in particular, nor an opinion regarding the appropriateness of any investment. Readers should consult with their financial professional for further information.

To determine if the Funds are an appropriate investment for you, carefully consider the investment objectives, risk factors and charges and expenses before investing. This and other information can be found in the Funds’ summary and full prospectuses, which may be obtained by calling 1-800-DIAL-SEI. Read it carefully before investing.

• Not FDIC Insured, No Bank Guarantee, May Lose Value

Investing involves risk including possible loss of principal. There is no guarantee investment objectives will be achieved nor that risk can be managed successfully. Diversification may not protect against market risk.

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. Emerging markets involve heightened risks related to the same factors as well as increased volatility and lower trading volume. Narrowly focused investments and smaller companies typically exhibit higher volatility

Regarding the SEI Ang Research Enhanced U.S. Large Cap ETF, the fund is subject to tracking error risk or the risk that the Fund's performance may vary substantially from the performance of the benchmark index it tracks as a result of cash flows, Fund expenses, imperfect correlation between the Fund's investments and the benchmark and other factors. The Fund may invest in derivatives, which are often more volatile than other investments and may magnify the Fund’s gains or losses. The Fund is a new fund, with a limited operating history, which may result in additional risks for investors in the Fund. The Fund is not diversified.

There can be no assurance that performance will be enhanced or risk will be reduced for investment strategies that seek to provide exposure to certain quantitative factors. Exposure to such investment factors may detract from performance in certain market environments, in some cases for extended periods. In such circumstances, an investment strategy may seek to maintain exposure to the targeted investment factors and not adjust to target different factors, which could result in losses. The Fund’s investment process is expected to be heavily dependent on quantitative models, and the models may not perform as intended.

SEI Investments Management Corporation (SIMC) is the adviser to the SEI funds, which are distributed by SEI Investments Distribution Co (SIDCO). The Investment Management Unit is a team within SIMC. SIMC and SIDCO are wholly owned subsidiaries of SEI Investments Company (SEI).

SIMC is the manager of the SEI ETF Strategies and SEI U.S. Focused ETF Strategies (“the Strategies”). Consider the Strategies’ investment objectives, risks, charges and expenses carefully before investing. The Strategies invest in exchanged-traded products (ETPs) to obtain the desired exposure to an asset class. A copy of each ETP’s prospectus is available upon request. The prospectus includes information concerning each fund’s investment objective, strategies and risks. The Strategies’ investment performance, because they are a portfolio of funds, depends on the investment performance of the underlying funds in which they invest. The funds in the portfolio are subject to tracking error risk, or the risk that the fund’s performance may vary substantially from the performance of the index it tracks as a result of cash flows, expenses, imperfect correlation between the fund and the index and other factors.

The Strategies include exposure to ETFs that are sponsored and managed by SEI. SEI will first determine if an offered SEI ETF meets the asset class requirement and, if so, will use the SEI ETF as part of the Strategy. This determination is based on a variety of factors, including the SEI ETF's stated investment strategy as determined in SEI's discretion. If no such SEI ETF fits the necessary asset class requirement, SEI will instead select from third party ETFs. This may be subject to change. SEI and its affiliates receive fees from SEI Funds; therefore, SEI has a financial incentive to include SEI Funds in its Strategies. SEI may also receive compensation from certain third-party fund sponsors, including revenue-sharing, platform support, sub-advisory, or other similar arrangements. These payments incentivize SEI to favor products that provide compensation over those that do not. As a result, SEI has conflicts of interest when selecting investments for its Strategies because SEI may benefit financially from the inclusion of certain proprietary or third-party products. In addition, when making changes to a Strategy, SEI generally does not consider the tax consequences to investors, including any capital gains that may result from selling existing investments, unless required by the Strategy. It is important to carefully read the most current Managed Account Solutions Disclosure Document for additional details regarding these conflicts of interest and other important information. Additional information can be found in the ADV or the SEI Funds’ prospectuses.