Client Review <Insert Client Name: Mr. John Smith>

1. Client Review<Insert Client Name: Mr. John Smith> <Insert Date>

2. Agenda • Follow-up From Last Meeting • Financial Planning Check Up and Reconfirm Goals • Global Market Review and Economic Outlook • Your Portfolio Review • Financial Planning Tips & Upcoming Tax Climate • Next Steps • Appendix • 2013 Goal Setting • Performance

3. As Your Financial Advisor, I am Committed to • Better understanding your needs and goals. • Helping you avoid emotion-driven mistakes. • Helping you better understand the markets. • Providing options and explaining the trade-offs of each. • Being available to consult with you in all markets. • Providing access to your investments 24/7 through personal contact and technology. • Continuous monitoring and rebalancing of your accounts. • Keeping you up-to-date on your concerns and adjusting your investment strategies so you meet your goals. • My goal is to help you manage risk and achieve consistent returns that will keep you on path to your goals.

4. Follow-up from Prior Meeting

5. Financial Check Up • How are you and your family doing? How is your health? • How is your cash flow? • Do you have any anticipated changes to your investment plan, estate plan or insurance coverage? • Have there been any changes to your lifestyle or circumstances? • What are your plans for the next three to six months? • What are your top concerns for this year? What keeps you up at night?

6. Review and Monitor Your Goals  Discovery Identify your goals and resources   Monitoring & Review Assessment Monitor investment strategies and progress Identify the appropriate investment   Implementation Evaluation Implement the Goals-Based investment solution Evaluate and confirm the proposed investment solution .

7. Global Market Review and Economic Outlook

8. Global Market Review: Third Quarter 2012 • Central-bank policies supported a global market rally. • The U.S. Fed’s Quantitative Easing program and the European Central Bank’s Outright Monetary Transactions were the focus. • Risk assets, such as equities and non-government bonds, were favored. • Non-U.S. stocks led U.S. stocks as depressed areas, such as the eurozone, rebounded strongly • High-yield bond and emerging debt experienced healthy gains, driving year-to-date returns to double digits. • Further stimulus raised inflation expectations, driving inflation-sensitive assets higher. • The U.S. dollar weakened versus most major currencies. • Source: SEI,. Returns in US dollars. Large Cap = Russell 1000, Small Cap = Russell 2000, Real Estate = Wilshire RESI (Float Adjusted) Index, Developed International Equity Markets = MSCI EAFE, Emerging Markets Equity = MSCI EME, World Equities = MSCI World Index, Global Bonds = Barclay’s Capital Aggregate Global Bond Index, US Investment Grade Bonds = Barclay’s Capital US Aggregate, High Yield = Merrill Lynch US HY Constrained, Emerging Markets Debt = JP Morgan EMBIGD, Treasury = Barclay’s Capital US Treasury Bond Index, Inflation Linked = Barclays Capital 1-10 Yrs TIPS Index, Cash = BoA ML USD LIBOR 3M Past performance does not guarantee future results.

9. Equity Market Review: Third Quarter 2012 • Source: FactSet, Standard & Poor’s, JP Morgan Asset Management • * EPS growth reflects operating earnings pershare; 4Q 2008, 1Q 2010 and 2Q 2010 represent -101%, 92% and 51% growth in operating earnings and have been adjusted in the chart • Year-to-date, we have seen a choppy return pattern driven by macroeconomic issues. • Central banks’ actions led to a “risk-on” environment. • However, earnings growth was pressured as top-line growth remained in focus. • Nonetheless, investors were focused on shorter- term developments as stocks with higher risk (beta and volatility) exposure outperformed. • Non-U.S. markets outperformed the U.S., with emerging markets leading. • The Energy sector, driven by inflation concerns as a result of central-bank actions, was the top U.S. sector. • Top three S&P 500 sectors: • Energy: 10.0% • Telecom: 7.7% • Consumer Disc.: 7.3% Past performance does not guarantee future results.

10. Fixed-Income Market Review: Third Quarter 2012 • Source: FactSet, Barclays Capital • The chart above represents the asset classes within the Barclays Capital US Aggregate Bond Index. • Yields hit a low point in late July as investors digested ongoing eurozone news and slowing global growth. • Active central-bank policies lent support to a sluggish economic backdrop. • U.S. rates rose as investors rotated out of safe havens at quarter end. • Rates for peripheral Europe fell as statements from the European Central Bank reduced fears. • Non-government (spread) sectors outperformed U.S. Treasurys. • The Fed’s third round of quantitative easing drove yields on agency mortgage-backed securities to extreme lows. Past performance does not guarantee future results.

11. The Outlook › Lots of Challenges, Lots of Uncertainty • The Good News • The U.S. economy continues to grow, although the pace is slow. • Equities still appear reasonably priced, but changes in investor sentiment will be an important driver of stock and bond prices. • Monetary policy remains expansionary in most countries. • Inflation fears have eased, although energy and food prices remain volatile. • Emerging markets have become more attractive, but China’s slowdown is keeping investors on the sidelines. • The Bad News • Europe’s recession is likely to be deeper for longer. • The debt crisis in Europe is far from resolved, although we are staying alert to policy surprises. • The fiscal cliff looms at year end, with U.S. public deeply divided on how to address the problem. • Emerging markets are struggling as developed markets slow and China traverses its soft patch. • Tensions over Iran’s nuclear capabilities have eased but have not disappeared.

12. Manager Changes › Key Additions and Terminations, Portfolio Structure Changes

13. Portfolio Review

14. Let’s Review Your Most Recent Client Statement 14

15. **Insert Client-Specific Strategy Performance Slide from the Appendix.

16. Active Management in Action › Multi-Asset Accumulation Fund Previous Weight (%) as of July 31, 2012 Current Weight (%) as of August 31, 2012 The Chart shows the Fund’s proportional market exposure represented by each asset class. The portfolio is actively managed and the asset class weights are subject to change.

17. Active Management in Action › Multi-Asset Income Fund Previous Weight (%) as of July 31, 2012 Current Weight (%) as of August 31, 2012 The Chart shows the Fund’s proportional market exposure represented by each asset class. The portfolio is actively managed and the asset class weights are subject to change.

18. Active Management in Action › Multi-Asset Capital Stability Fund Previous Weight (%) as of July 31, 2012 Current Weight (%) as of August 31, 2012 The Chart shows the Fund’s proportional market exposure represented by each asset class. The portfolio is actively managed and the asset class weights are subject to change.

19. Active Management in Action › Multi-Asset Inflation Managed Fund Previous Weight (%) as of July 31, 2012 Current Weight (%) as of August 31, 2012 The Chart shows the Fund’s proportional market exposure represented by each asset class. The portfolio is actively managed and the asset class weights are subject to change.

20. Important Tax Dates to Consider • Though the biggest tax deadline for most people is April 15th, other important deadlines come up throughout the rest of the tax year. Here are some common ones: • January 15, 2013 • Individuals: Fourth (last) estimated tax payment for 2012 (Form 1040-ES) due. • April 15, 2013 • Individuals: • Last day to file Form 1040 (or extension Form 4868) your personal return and pay any tax that is due. • First estimated tax payment (Form 1040-ES) is due. • If you need to file a 2012 gift tax return, it also must be filed or extended by this date. • Last day to contribute to an IRA or Educational Savings Account for 2012. SEP and Keogh contributions are also due today if your return is not being extended. • Last day for individuals to file amended income tax returns (Form 1040X) for the calendar year 2009. • Trust: • Last day to file (or extend) fiduciary income return (Form 1041) and pay any tax that is due. • First estimated tax payment due. • Last day for trusts to file amended income tax returns for the calendar year 2009. • Estates: • Last day to file (or extend) fiduciary income return (Form 1041) and pay any tax that is due. • Last day for estates to file amended income tax returns for the calendar year 2009.

21. 2013 Project Plan › Next Steps Worksheet Example

22. Strategy Appendix

23. SEI Growth-Focused StrategyPC Market-Growth 1% • Sources: SEI, FactSet. Performance is net of fees, selected Private Client Strategies. • Past Performance is No Guarantee of Future Performance. • The strategy’s 5.07% quarterly return fell within the range of returns on the broad U.S. fixed-income and global equity markets. • The Multi-Asset Accumulation Fund’s flexibility in accessing broad, global exposures was rewarded, as global equity exposure and a strategic allocation to inflation-sensitive assets helped performance. • The reversal of sentiment from the second to third quarters was felt strongest in non-U.S. equities. As such, International Equity and Emerging Market Equity led in terms of quarterly performance. Relative performance in International Equity was supported by an overweight to emerging markets. U.S. Large Cap continued to outpace Small Cap with both gaining. • Non-traditional bond exposures – High Yield Bond and Emerging Market Debt – led fixed income. Positioning in non-government sectors, particularly corporate financial bonds, was again beneficial to U.S. Fixed Income.

24. SIMT Multi-Asset Accumulation Fund • The Multi-Asset Accumulation Fund returned 6.01%. Its blended benchmark* returned 5.25% for the quarter. • The Fund’s models took a more aggressive short-term position, specifically in global developed equities and emerging currencies, as the volatility from risk assets decreased significantly. • From a risk weighting perspective, the Fund now maintains meaningful tactical underweights to nominal bonds and overweights to global equities and commodities. These positions were rewarded during the quarter. • Emerging Currencies = JP Morgan ELMI+ Index,, Global Inflation-Linked Bonds = Barclays World Govt Inflation Linked Bond Index Hedged, US , Commodities = DJ UBS Commodity Index,, Global Developed Bonds = Citigroup WGBI (USD) Hedged, U.S. Small/Mid Cap=Russell 2500, Global Emerging Equities = S&P Emerging Markets BMI Net Return – USD Hedged, Global , Global Developed Equities = S&P Developed BMI Net Return – USD Hedged • *60% MSCI World Equity Index (Hedged) / 40% Barclays Global Aggregate Bond Index (Hedged) • Source: SEI

25. SEI Stability-Focused StrategyPrivate Client Conservative • Sources: SEI, FactSet. Returns are net of fees, selected Private Client Strategies. • Past Performance is No Guarantee of Future Performance. • The strategy’s 2.07% quarterly return outpaced cash and the broad U.S. fixed-income markets. • The recently introduced Multi Asset Income Fund was the strongest performer, benefitting from its more opportunistic positioning in both credit and equities. Mult-Asset Inflation was driven by central bank action. • As global stock markets rallied on central-bank policy actions, the U.S. Managed Volatility and Global Managed Volatility Funds made meaningful contributions to the Strategy. Their focus on more stable areas of the economy reduced exposure to some of the equity market’s volatility. • High Yield led all bond offerings and outpaced the Strategy’s overall return. Positioning in non-government sectors, particularly corporate financial bonds, was again beneficial to the performance of the U.S. Fixed Income Fund.

26. Not Losing Sight of Inflation Risk • Source: Bloomberg, SEI • Further Federal Reserve quantitative easing (QE3) drove inflation expectations higher during the third quarter. • Fed not alone; ECB and BoJ also active • TIPs outperformed nominal bonds • Fed policy appears aimed at higher inflation as means to support overall economic growth • In this environment, inflation risk should be monitored, as it can erode the value of one’s investment returns • SEI’s Stability-Focused strategies include allocations to: • SIMT Real Return – portfolio of inflation-protected bonds that aids in preventing the erosion of real returns generated from interest payments • SIMT Multi Asset Inflation – diverse portfolio of inflation-sensitive assets designed to efficiently generate real returns, increase inflation responsiveness and help protect against inflation surprises

27. SEI Institutional Growth and Income Strategy • Sources: SEI, FactSet. Performance is net of Fees, selected Private Client Strategies • Past Performance is No Guarantee of Future Performance. • The strategy posted a third-quarter return of 5.19%, falling within the range of returns on the broad U.S. fixed income and global equity markets. • The reversal of sentiment from the second quarter was felt strongest in non-U.S. equities. As such, international equity and emerging market equity led in terms of quarterly performance. Relative performance in international equity was supported by an overweight to emerging markets. • Within the U.S., large caps continued to outpace small caps with both offerings generating healthy gains. Our portfolios continue to focus on fundamentals (quality firms) and, in general, this has resulted in a pro-growth positioning at the sector level. • Non-traditional bond exposures – Highyield bond and emerging-market debt – led fixed income. Positioning in non-government sectors, particularly corporate financial bonds, was again beneficial to the performance of U.S. fixed income.

28. SIMT Core Fixed Income Fund • Source: FactSet, Barclays Capital • Represents OAS of non-agency mortgages within SIMT Core Fixed Income • ** Represents BoA ML High Yield Constrained Index • SEI’s Core Fixed Income Fund continues to favor spread sectors due to solid corporate balance sheets, moderate economic growth and relative valuations • Absolute and relative performance has benefited from this positioning • Corporate bonds, particularly financials, performed well due to robust capital levels, improving credit-loss trends and strength in housing • CMBS reached post-crisis tights and benefited from investor’s yield appetite • Agency MBS had a solid quarter driven by additional Fed purchases • Fund positioning continues to shift given relative opportunities as yields compress: • Compressed valuations and global macro uncertainties have led to reduced risk posturing • Positions reduced in mortgages (agency and residential) and corporates • Overweight positions found in non-agency mortgages and corporate financial bonds • Shorter duration than Barclays US Aggregate Index

29. SEI Growth-Focused StrategyPrivate Client Tax-Managed Market Growth • Sources: SEI, FactSet. Performance is net of Fees, selected Private Client Strategies • Past Performance is No Guarantee of Future Performance. • The strategy returned 5.5% for the quarter, performing with the range of the broad U.S. fixed-income and global equity markets. • The reversal of sentiment from the second quarter was felt strongest in non-U.S. equities. • Within the U.S., the Tax-Managed Large Cap Fund continued to outpace the Tax-Managed Small Cap Fund, with both generating healthy gains. Our portfolios continue to focus on fundamentals (quality firms) and, in general, this has resulted in a pro-growth positioning at the sector level. • Diversification to non-traditional bond exposures – Emerging Market Debt and Tax Advantaged Income –was beneficial as these assets led the traditional Intermediate Term Municipal. However, Intermediate Term Municipal posted solid results. Municipal bonds may experience further benefits depending on any tax law changes following the elections.

30. SEI Stability-Focused Strategy ›PC Short Term • Sources: SEI, FactSet.. • Past Performance is No Guarantee of Future Performance. • The strategy posted a quarterly return of 0.44% and continued to enhance yield beyond that of cash. • The Multi Asset Capital Stability Fund was the best performer. The Fund’s process of monitoring market volatility and adjusting bond and equity exposures to manage potential drawdown proved beneficial. • Real Return also delivered returns in excess of the overall strategy. With global central banks taking further action to reflate their economies, investor expectations for inflation spiked. As a result, inflation-protected bonds outperformed nominal bonds.

31. SEI Stability-Focused Strategy ›PC Defensive • Sources: SEI, FactSet. Returns are net of fees. • Past Performance is No Guarantee of Future Performance. • The strategy posted a quarterly return of 1.43% falling within the range of cash and the broad U.S. fixed-income markets. • The recently introduced Multi-Asset Funds were additive. The Multi Asset Income Fund was the strongest performer, benefitting from its more opportunistic positioning in both credit and equities. Multi Asset Inflation was driven by increased inflation expectations as global central banks made efforts to reflate their economies. • As global stock markets rallied on central-bank policy actions, U.S. Managed Volatility and Global Managed Volatility participated in the broad rally and outpaced the returns of the broad Strategy. Their focus on more stable areas of the economy continues to minimize the full volatility associated with equity investing. • High Yield led all bond offerings and outpaced the Strategy’s overall return. U.S. Fixed Income also was a strong absolute and relative performer as a bias to non-government sectors, particularly corporate financial bonds, was beneficial.

32. SEI Stability-Focused Strategy › PC Moderate • Sources: SEI, FactSet. Returns are net of fees. • Past Performance is No Guarantee of Future Performance. • The strategy posted a quarterly return of 3.0% outpacing cash and the broad U.S. fixed-income markets. • The recently introduced Multi-Asset funds were contributors. Multi Asset Accumulation offers flexibility in accessing broad, global exposures and was rewarded for its positioning. An overweight towards global equity exposure and a strategic allocation to inflation-sensitive assets, which witnessed a surge on central bank news, combined for strong performance. The rise in investor inflation expectations also drove solid results in the Multi Asset Inflation Managed Fund. • With risk in favor, Large Cap led all stock funds and remains biased in favor of a pro-growth environment. U.S. Managed Volatility and Global Managed Volatility participated in the broad rally and outpaced the returns of the broad Strategy. Their focus on more stable areas of the economy continues to minimize the full volatility associated with equity investing. • High Yield led all bond offerings and outpaced the Strategy’s overall return. U.S. Fixed Income also was a strong absolute and relative performer as a bias to non-government sectors, particularly corporate financial bonds, was beneficial.

33. SEI Growth-Focused Strategy ›PC Core Market 1% • Sources: SEI, FactSet. Performance is net of fees. • Past Performance is No Guarantee of Future Performance. • The strategy posted a quarterly return of 4.47%, falling within the range of returns on the broad U.S. fixed income and global equity markets. • The recently introduced Multi Asset Accumulation Fund offers flexibility in accessing broad, global exposures and was rewarded for its positioning. An overweight towards global equity exposure and a strategic allocation to inflation-sensitive assets, which surged on central-bank news, combined for strong results. The rise in inflation expectations helped the Multi Asset Inflation Managed Fund. • The reversal of sentiment from the second quarter was felt strongest in non-U.S. equities. As such, International Equity and Emerging Market Equity led. Relative performance in International Equity was supported by an overweight to emerging markets. Within the U.S., Large Cap continued to outpace Small Cap with both offerings generating healthy gains. • Non-traditional bond exposures – High Yield Bond and Emerging Market Debt – led fixed income. U.S. Fixed Income also was a strong absolute and relative performer as a bias to non-government sectors, particularly corporate financial bonds, was beneficial.

34. SEI Growth-Focused Strategy ›PC Aggressive 1% • Sources: SEI, FactSet. Performance is net of fees. • Past Performance is No Guarantee of Future Performance. • The strategy posted a quarterly return of 5.95%, keeping pace with the majority of the global equity market rally. • The recently introduced Multi Asset Accumulation Fund offers flexibility in accessing broad, global exposures and was rewarded for its positioning. An overweight towards global equity exposure and a strategic allocation to inflation-sensitive assets, which witnessed a surge on central-bank news, combined for strong quarterly performance. • The reversal of sentiment from the second quarter was felt strongest in non-U.S. equities. As such, International Equity and Emerging Market Equity led in terms of quarterly performance. Relative performance in International Equity was supported by an overweight to emerging markets. Within the U.S., Large Cap continued to outpace Small Cap with both offerings generating healthy gains. • Non-traditional bond exposures – High Yield Bond and Emerging Market Debt – led most fixed-income asset classes. Emerging Market Debt was the stronger of the offerings with managers finding opportunities in corporate bonds and local currency debt.

35. SEI Growth-Focused Strategy ›PC Equity 1% • Sources: SEI, FactSet. Performance is net of fees. • Past Performance is No Guarantee of Future Performance. • The strategy posted a quarterly return of 6.22%, falling in-line with the broad global equity market rally. • The reversal of sentiment from the second quarter was felt strongest in non-U.S. equities. As such, International Equity and Emerging Market Equity had the best performance. Relative performance in International Equity was supported by an overweight to emerging markets, an are managers favor. • Within the U.S., Large Cap continued to outpace Small Cap with both offerings generating healthy gains. Large Cap continues to support a pro-growth stance, resulting in overweights to technology and consumer-oriented stocks. In Small Caps, positioning has been more conservative relative to Large Cap as economic and regulatory overhang has provided less clarity.

36. Fund Performance

37. SEI Performance Summary ›Fixed-Income 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. Performance information as shown is net of all mutual fund fees and expenses, but does not include any charges or fees which may or may not be imposed by an investor’s financial advisor which will reduce performance returns. For example, on an account charged 1% by a financial advisor with a stated annual return (net of mutual fund fees) of 10%, the net total return before taxes would be reduced from 10% to 9%. A ten year investment of $100,000 at 10% would grow to $259,400, and at 9%, to $236,700 before taxes. Source: SEI Datamart

38. SEI Performance Summary › Equity 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. Performance information as shown is net of all mutual fund fees and expenses, but does not include any charges or fees which may or may not be imposed by an investor’s financial advisor which will reduce performance returns. For example, on an account charged 1% by a financial advisor with a stated annual return (net of mutual fund fees) of 10%, the net total return before taxes would be reduced from 10% to 9%. A ten year investment of $100,000 at 10% would grow to $259,400, and at 9%, to $236,700 before taxes. Source: SEI Datamart

39. SEI Performance Summary ›Equity Mutual Funds (continued) • 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. Performance information as shown is net of all mutual fund fees and expenses, but does not include any charges or fees which may or may not be imposed by an investor’s financial advisor which will reduce performance returns. For example, on an account charged 1% by a financial advisor with a stated annual return (net of mutual fund fees) of 10%, the net total return before taxes would be reduced from 10% to 9%. A ten year investment of $100,000 at 10% would grow to $259,400, and at 9%, to $236,700 before taxes. Source: SEI Datamart

40. SEI Performance Summary › Multi-Asset Mutual Funds • Blended Benchmarks include: Accumulation (40% Barclays Global Aggregate Hdg index; 60% MSCI World Hdg Index), Capital Stability (95% Barclays 1-3yr U.S. Govt/Credit Index; 5% S&P 500 Index), Income (45% Barclays U.S. Aggregate Bond Index; 40% BofAML High Yield Master Constrained Index; 15% S&P 500 Index), inflation (70% Barclays TIPS 1-5yr; 30% MSCI ACWI Commodity Producers Index) • 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. Performance information as shown is net of all mutual fund fees and expenses, but does not include any charges or fees which may or may not be imposed by an investor’s financial advisor which will reduce performance returns. For example, on an account charged 1% by a financial advisor with a stated annual return (net of mutual fund fees) of 10%, the net total return before taxes would be reduced from 10% to 9%. A ten year investment of $100,000 at 10% would grow to $259,400, and at 9%, to $236,700 before taxes. Source: SEI Datamart

41. SEI Annualized Performance Summary › Fixed-Income 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. Performance information as shown is net of all mutual fund fees and expenses, but does not include any charges or fees which may or may not be imposed by an investor’s financial advisor which will reduce performance returns. For example, on an account charged 1% by a financial advisor with a stated annual return (net of mutual fund fees) of 10%, the net total return before taxes would be reduced from 10% to 9%. A ten year investment of $100,000 at 10% would grow to $259,400, and at 9%, to $236,700 before taxes. Fee waivers are voluntary. Source: SEI Datamart

42. SEI Annualized Performance Summary › Equity 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. Performance information as shown is net of all mutual fund fees and expenses, but does not include any charges or fees which may or may not be imposed by an investor’s financial advisor which will reduce performance returns. For example, on an account charged 1% by a financial advisor with a stated annual return (net of mutual fund fees) of 10%, the net total return before taxes would be reduced from 10% to 9%. A ten year investment of $100,000 at 10% would grow to $259,400, and at 9%, to $236,700 before taxes. Fee waivers are voluntary. Source: SEI Datamart

43. SEI Annualized Performance Summary › Equity Mutual Funds (continued) • (1) After taxes on distributions of dividends and capital gains** • (2) After taxes on distributions of dividends and capital gains and proceeds from the sale of fund shares** • ** After-tax returns are calculated using the historical top individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Your actual after-tax returns will depend your tax situation and may differ from those shown. After-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. After taxes on distributions of dividends and capital gains** • After taxes on distributions of dividends and capital gains and proceeds from the sale of fund shares** • ** After-tax returns are calculated using the historical top individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Your actual after-tax returns will depend your tax situation and may differ from those shown. After-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. • 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. Performance information as shown is net of all mutual fund fees and expenses, but does not include any charges or fees which may or may not be imposed by an investor’s financial advisor which will reduce performance returns. For example, on an account charged 1% by a financial advisor with a stated annual return (net of mutual fund fees) of 10%, theon net total return before taxes would be reduced from 10% to 9%. A ten year investment of $100,000 at 10% would grow to $259,400, and at 9%, to $236,700 before taxes. Fee waivers are voluntary. Source: SEI Datamart

44. SEI Annualized Performance Summary › Multi-Asset Mutual Funds • Blended Benchmarks include: Accumulation (40% Barclays Global Aggregate Hdg index; 60% MSCI World Hdg Index), Capital Stability (95% Barclays 1-3yr U.S. Govt/Credit Index; 5% S&P 500 Index), Income (45% Barclays U.S. Aggregate Bond Index; 40% BofAML High Yield Master Constrained Index; 15% S&P 500 Index), inflation (70% Barclays TIPS 1-5yr; 30% MSCI ACWI Commodity Producers Index) • 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. Performance information as shown is net of all mutual fund fees and expenses, but does not include any charges or fees which may or may not be imposed by an investor’s financial advisor which will reduce performance returns. For example, on an account charged 1% by a financial advisor with a stated annual return (net of mutual fund fees) of 10%, the net total return before taxes would be reduced from 10% to 9%. A ten year investment of $100,000 at 10% would grow to $259,400, and at 9%, to $236,700 before taxes. Fee waivers are voluntary. Source: SEI Datamart

45. SEI Annualized Performance Summary › Money Market Funds iAn investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the Fund. The yield quotation more closely reflects the current earnings of the Fund than the total return quotation. • Source: SEI Datamart • Performance data quoted is past performance. Past performance is no guarantee of future results. Current performance may be higher or lower. For performance data current to the most recent month end, please call 1-800-DIAL-SEI. The yield quotation more closely reflects the current earnings of the money market fund than the total returns. An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the Fund seeks to preserve the value of your investment at $1.00 per shares, it is possible to lose money by investing in the Fund. Fee waivers are voluntary.

46. GoalLink Goals-Based Performance • Fee waivers are voluntary. • 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. Performance information as shown is net of all mutual fund fees and expenses, but does not include any charges or fees which may or may not be imposed by an investor’s financial advisor which will reduce performance returns. For example, on an account charged 1% by a financial advisor with a stated annual return (net of mutual fund fees) of 10%, the net total return before taxes would be reduced from 10% to 9%. A ten year investment of $100,000 at 10% would grow to $259,400, and at 9%, to $236,700 before taxes.  Source: SEI Datamart

47. GoalLink Tax-Managed Goals-Based Performance • Source: SEI DataMart (monthly returns ) • Performance assumes investment at the beginning of the period indicated and reflects all recommended reallocations and changes among the funds, including changes in investment managers and funds included in the model. Information on allocations among funds, reallocations and model changes is available upon request. Model performance shown is not meant to represent any individual client account. Model performance shown is net of fees charged by SEI.

48. Private Client Strategies ›Goals-Based Performance • Performance assumes investment at the beginning of the period indicated and reflects all recommended reallocations and changes among the funds, including changes in investment managers and funds included in the model. Information on allocations among funds, reallocations and model changes is available upon request. Model performance shown is not meant to represent any individual client account. Model performance shown is net of fees charged by SEI. Performance information as shown is net of all mutual fund fees and expenses, but does not include any charges or fees which may or may not be imposed by an investor’s financial advisor which will reduce performance returns. For example, on an account charged 1% by a financial advisor with a stated annual return (net of mutual fund fees) of 10%, the net total return before taxes would be reduced from 10% to 9%. A ten year investment of $100,000 at 10% would grow to $259,400, and at 9%, to $236,700 before taxes. Source: SEI Datamart

49. Private Client Strategies › Tax-Managed Goals-Based Performance • Performance assumes investment at the beginning of the period indicated and reflects all recommended reallocations and changes among the funds, including changes in investment managers and funds included in the model. Information on allocations among funds, reallocations and model changes is available upon request. Model performance shown is not meant to represent any individual client account. Model performance shown is net of fees charged by SEI. Performance information as shown is net of all mutual fund fees and expenses, but does not include any charges or fees which may or may not be imposed by an investor’s financial advisor which will reduce performance returns. For example, on an account charged 1% by a financial advisor with a stated annual return (net of mutual fund fees) of 10%, the net total return before taxes would be reduced from 10% to 9%. A ten year investment of $100,000 at 10% would grow to $259,400, and at 9%, to $236,700 before taxes. Source: SEI Datamart

50. Institutional Performance • Performance assumes investment at the beginning of the period indicated and reflects all recommended reallocations and changes among the funds, including changes in investment managers and funds included in the model. Information on allocations among funds, reallocations and model changes is available upon request. Model performance shown is not meant to represent any individual client account. Model performance shown is net of fees charged by SEI. Performance information as shown is net of all mutual fund fees and expenses, but does not include any charges or fees which may or may not be imposed by an investor’s financial advisor which will reduce performance returns. For example, on an account charged 1% by a financial advisor with a stated annual return (net of mutual fund fees) of 10%, the net total return before taxes would be reduced from 10% to 9%. A ten year investment of $100,000 at 10% would grow to $259,400, and at 9%, to $236,700 before taxes. Source: FactSet