The Low-fee, More-for-me Mutual Funds

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1 The Low-fee, More-for-me Mutual Funds INCOME 40/60 FUND Class S January 31, 2018 Investment Approach The Income 40/60 Fund seeks to provide long-term growth of capital and income primarily through investment in a diversified portfolio of equity and fixed income securities, with a slight emphasis on bonds to help reduce volatility. The Fund generally has a mix of 60% fixed income securities and 40% equity securities.the Fund invests in a selection of underlying funds which utilize a manager-of-managers investment strategy and combine multiple specialist Portfolio Managers, each of whom is responsible for managing a portion of the portfolio in accordance with a specific mandate. Fund Details FundSERV Code PCA425 Inception Date 23 Feb 2009 Management Expense Ratio (MER)¹ 1.63% Trading Expense Ratio (TER)¹ 0.06% Fund Expenses (MER + TER)¹ 1.69% Total Net Assets $519.6 million Distribution Frequency December (if any) Fund Target Allocation Fund Characteristics Number of Underlying Fund Subadvisors 50 Number of Underlying Fund Holdings 3,877 Standard Deviation (3 yr) 4.2% Standard Deviation of performance is a measure of historical volatility risk. Risk rating This rating is based on how much the fund s returns have changed from year to year. It doesn t tell you how volatile the fund will be in the future. The rating can change over time. A fund with a low risk rating can still lose money. For more information about the risk rating and specific risks that can affect the fund s returns, see the "What is a Mutual Fund and What Are the Risks of Investing in a Mutual Fund?" section of the fund s simplified prospectus." Growth of $25,000 Since Inception ² Fixed Income: 60.0% Canadian Fixed Income Fund 35.0% Short Term Bond Fund 12.0% Real Return Bond Fund 8.0% U.S. High Yield Bond Fund (H) 5.0% Foreign Equity: 24.0% EAFE Equity Fund 10.0% U.S. Large Company Equity Fund 10.0% Emerging Markets Equity Fund 2.0% U.S. Small Company Equity Fund 2.0% Canadian Equity: 16.0% Canadian Equity Fund 15.0% Canadian Small Company Equity Fund 1.0% The rate of return or mathematical table shown is used only to illustrate the effects of the compound growth rate and is not intended to reflect future values or returns on investment in the investment fund or asset allocation service. Performance Cumulative Returns (%) Annualized Returns (%) Calendar Year Returns (%) 1 MO 3 MO 6 MO YTD 1 YR 3 YR 5 YR 10 YR SINCE INCEPT INCEPTION DATE Feb

2 The Low-fee, More-for-me Mutual Funds Range of Returns ² INCOME 40/60 FUND Class S January 31, YR Ended 3 YRS Ended 5 YRS Ended 10 YRS Ended Best 20.4% 28 FEB % 29 FEB % 28 FEB 2014 Worst -4.9% 29 FEB % 31 JAN % 29 FEB 2016 Average 6.1% 6.0% 6.2% Number of Periods % Positive Periods 93.8% 100.0% 100.0% Geographic Allocation Major Holdings Top 10 Equity % of Net Assets TORONTO-DOMINION BANK/THE 0.9% BANK OF NOVA SCOTIA 0.7% CGI GROUP INC 0.4% CANADIAN NATURAL RESOURCES LTD 0.4% ROYAL BANK OF CANADA 0.4% SUNCOR ENERGY INC 0.3% BROOKFIELD ASSET MANAGEMENT INC 0.3% FINNING INTERNATIONAL INC 0.3% INTACT FINANCIAL CORP 0.3% TELUS CORPORATION 0.3% Sector Allocation Top 10 Fixed Income % of Net Assets CANADA (GOVERNMENT OF) 1.50% 12/01/ % CANADA (GOVERNMENT OF) 2.00% 12/01/ % CANADA (GOVERNMENT OF) 4.25% 12/01/ % CANADA (GOVERNMENT OF) 1.25% 12/01/ % QUEBEC (PROVINCE OF) 2.50% 09/01/ % CANADA (GOVERNMENT OF) 3.00% 12/01/ % CANADA HOUSING TRUST 1.90% 09/15/ % QUEBEC (PROVINCE OF) 4.25% 12/01/ % ONTARIO (PROVINCE OF) 2.85% 06/02/ % CANADA (GOVERNMENT OF) 1.00% 06/01/ % Find out more about SEI at seic.com ¹Expenses shown are the annual rate, as a % of the fund s value. See the Financial Highlights section of the Fund s Management Report of Fund Performance as at January 31, ² Performance shown is for Class S units, net of the Fund's operating expenses applicable management fees payable to SEI. The rates of return are used only to illustrate the effects of the compound growth rate and are not intended to reflect future values of the Fund or returns on investment in the Fund. Information in Range of Returns table is calculated using all rolling 1-, 3-, 5-, and 10-year periods as applicable. SEI Investments Canada Company ("SEI"), a wholly owned subsidiary of SEI Investments Company, is the Manager of the SEI Funds in Canada. The information contained herein is for general and educational information purposes only and is not intended to constitute legal, tax, accounting, securities, research or investment advice regarding the Funds or any security in particular, nor an opinion regarding the appropriateness of any investment. This information should not be construed as a recommendation to purchase or sell a security, including futures contracts. You should not act or rely on the information contained herein without obtaining specific legal, tax, accounting and investment advice from an investment professional. This sheet is a marketing document, is unaudited and should not be confused with the Fund Facts of the Fund regulatory document filed on SEDAR by SEI. There is no assurance as of the date of this material that the securities mentioned remained in or out of the Funds. You can obtain the regulatory Fund Facts documents from your financial advisor or by visiting the SEI website at seic.com/enca or SEDAR at sedar.com. The percentage weightings of the Underlying Funds may be changed from time to time at the Manager s discretion. The portfolio managers or the allocations of assets to a particular portfolio manager are subject to change from time to time at the Manager s discretion. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. The indicated rates of return are the historical annual compounded total returns including changes in unit value and reinvestment of all distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any unitholders that would have reduced returns. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.

3 SEI Investments Canada Company Income 40/60 Fund -- Class S Fund Facts June 29, 2017 This document contains key information you should know about the Income 40/60 Fund. You can find more detailed information in the fund's simplified prospectus. Ask your representative for a copy, contact SEI Investments Canada Company at , infocanada@seic.com or visit Before you invest in any fund, you should consider how it would work with your other investments and your tolerance for risk. Quick facts Fund code: 425 Fund manager: SEI Investments Canada Company Date class started: February 23, 2009 Portfolio managers: SEI Investments Canada Company, SEI Investments Management Corporation Total value of the fund on April 30, 2017: Management expense ratio (MER): What does the fund invest in? $484,050,892 Distributions: Annually in December (if any) 1.63% Minimum investment: $1,000 initial, $500 additional The fund invests in a diversified portfolio of Canadian equity securities, Canadian bonds and foreign equity securities, either directly or through investment in underlying funds. The charts below give you a snapshot of the fund's investments on April 30, The fund's investments will change. Top 10 Investments (as at April 30, 2017) Investment Mix (as at April 30, 2017) 1. Canadian Fixed Income Fund 34.4% 2. Canadian Equity Fund 15.1% 3. Short Term Bond Fund 11.3% 4. U.S. Large Company Equity Fund 10.4% 5. EAFE Equity Fund 10.3% 6. Real Return Bond Fund 7.5% 7. U.S. High Yield Bond Fund 4.9% 8. Emerging Markets Equity Fund 2.1% 9. U.S. Small Company Equity Fund 2.0% 10. Cash & Cash Equivalents 1.0% 11. Canadian Small Company Equity Fund 0.9% 12. Other Assets & Liabilities, Net 0.1%... Total percent of the top 10 investments 100.0% Total number of investments % 24.8% 16.0% 1.0% 0.1% Mutual Funds, Fixed Income Mutual Funds, Foreign Equity Mutual Funds, Canadian Equity Cash & Cash Equivalents Other Assets and Liabilities, Net

4 x Income 40/60 Fund -- Class S How risky is it? The value of the fund can go down as well as up. You could lose money. One way to gauge risk is to look at how much a fund s returns change over time. This is called volatility. In general, funds with higher volatility will have returns that change more over time. They typically have a greater chance of losing money and may have a greater chance of higher returns. Funds with lower volatility tend to have returns that change less over time. They typically have lower returns and may have a lower chance of losing money. Risk rating SEI Investments Canada Company has rated the volatility of this fund as Low. This rating is based on how much the fund's returns have changed from year to year. It doesn't tell you how volatile the fund will be in the future. The rating can change over time. A fund with a low risk rating can still lose money. For more information about the risk rating and specific risks that can affect the fund s returns, see the "What is a Mutual Fund and What Are the Risks of Investing in a Mutual Fund?" section of the fund s simplified prospectus. No guarantees Like most mutual funds, this fund doesn t have any guarantees. You may not get back the amount of money you invest. How has the fund performed? This section tells you how Class S units have performed over the past 7 years. Returns are after expenses have been deducted. These expenses reduce the fund's returns. Year-by-year returns This chart shows how Class S units have performed in each of the past 7 calendar years. The fund did not drop in value in the past 7 years. The range of returns and change from year to year can help you assess how risky the fund has been in the past. It does not tell you how the fund will perform in the future % 8.7% 7.8% 6.0% 5 3.8% 3.5% 0 0.5% Best and worst 3-month returns This table shows the best and worst returns for the class in a 3-month period over the past 7 years. The best and worst 3-month returns could be higher or lower in the future. Consider how much of a loss you could afford to take in a short period of time. Return 3 months ending If you invested $1,000 at the beginning of the period Best return 8.5% May 31, 2009 Your investment would rise to $1,085 Worst return -3.5% September 30, 2011 Your investment would drop to $965 Average return A person who invested $1,000 in the class since February 23, 2009 has $1,810 as of April 30, This works out to an annual compound return of 7.5%.

5 x Income 40/60 Fund -- Class S Who is this fund for? Investors who: seek capital growth and income from a diversified portfolio of Canadian and foreign equities and bonds; and have a low level of investment risk tolerance. A word about tax In general, you'll have to pay income tax on any money you make on a fund. How much you pay depends on the tax laws where you live and whether or not you hold the fund in a registered plan, such as a Registered Retirement Savings Plan or a Tax-Free Savings Account. Keep in mind that if you hold your fund in a non-registered account, fund distributions are included in your taxable income, whether you get them in cash or have them reinvested. How much does it cost? The following tables show the fees and expenses you could pay to buy, own and sell Class S units of the fund. The fees and expenses including any commissions can vary among classes of a fund and among funds. Higher commissions can influence representatives to recommend one investment over another. Ask about other funds and investments that may be suitable for you at a lower cost. 1. Sales charges No sales charges are payable for purchases made directly through SEI Investments Canada Company or authorized brokers and dealers. 2. Fund expenses You don't pay these expenses directly. They affect you because they reduce the fund s returns. As of December 31, 2016, the fund's expenses were 1.69% of its value. This equals $16.90 for every $1,000 invested. Management expense ratio (MER) This is the total of the fund's management fee (including the trailing commission) and operating expenses. Trading expense ratio (TER) These are the fund's trading costs. Annual rate (as a % of the fund's value) Fund expenses 1.69% More about the trailing commission The trailing commission is an ongoing commission. It is paid for as long as you own the fund. It is for the services and advice your representative and their firm provide to you. SEI Investments Canada Company pays the trailing commission to your representative's firm. It is paid from the fund's management fee and is based on the value of your investment. The trailing commission can be up to 1.00% of the value of your investment each year. This could be up to $10.00 each year on a $1,000 investment. 3. Other fees You may have to pay other fees when you buy, hold, sell or switch units of the fund. 1.63% 0.06% Fee Short-term trading fee What you pay A short-term trading penalty of up to 2% on the redemption price of units redeemed within 90 days of the date upon which the units were purchased. The penalty is paid to the fund and not to SEI Investments Canada Company.

6 Income 40/60 Fund -- Class S What if I change my mind? Under securities law in some provinces and territories, you have the right to: withdraw from an agreement to buy mutual fund units within two business days after you receive a simplified prospectus or Fund Facts document, or cancel your purchase within 48 hours after you receive confirmation of the purchase. In some provinces and territories, you also have the right to cancel a purchase, or in some jurisdictions, claim damages, if the simplified prospectus, annual information form, Fund Facts document, or financial statements contain a misrepresentation. You must act within the time limit set by the securities law in your province or territory. For more information, see the securities law of your province or territory or ask a lawyer. For more information Contact SEI Investments Canada Company or your representative for a copy of the fund's simplified prospectus and other disclosure documents. These documents and the Fund Facts make up the fund's legal documents. SEI Investments Canada Company 130 King Street West Suite 2810, P.O. Box 433 Toronto, Ontario M5X 1E3 Phone: (416) Toll-free: Fax: (416) infocanada@seic.com To learn more about investing in mutual funds, see the brochure Understanding mutual funds, which is available on the website of the Canadian Securities Administrators at