Firm planning launch of new units, closures to numerous fund classes
SEI Investments Canada Company has announced changes to a selection of its funds.
SEI Canada said it’s planning to launch Class FC units for three of its funds: the Canadian Fixed Income Fund, Emerging Markets Equity Fund, and International Equity Fund.
The launch of those units, the firm said, will expand SEI Canada’s suite of cost-efficient, fee-based options to include seven Strategic Asset Allocation Funds and five Asset Class Funds. The Class FC offering is currently available to a select group of SEI’s strategic distribution partners.
“At a time when regulators, dealers and investors are focused on transparency and value, we are excited to make our diversified, manager-of-managers solutions available through our dealer partners who truly emphasize a client-first approach,” said SEI Canada Managing Director Andy Mitchell.
The firm is also planning to make closures to a selection of fund classes:
|
Fund |
Class(es) to be removed |
|
All Equity Fund |
Class I Units |
|
Balanced Growth Fund |
Class I Units |
|
Balanced Monthly Income Fund |
Class I Units |
|
Canadian Equity Fund |
Class I Units and Class R Units |
|
Canadian Fixed Income Fund |
Class I Units and Class R Units |
|
Canadian Small Company Equity Fund |
Class I Units and Class R Units |
|
Conservative Monthly Income Fund |
Class I Units |
|
Emerging Markets Equity Fund |
Class I Units and Class R Units |
|
Income 100 Fund |
Class I Units |
|
Income Balanced Fund |
Class I Units |
|
International Equity Fund |
Class I Units and Class R Units |
|
Long Duration Bond Fund |
Class I Units and Class R Units |
|
Money Market Fund |
Class R Units |
|
Neutral Balanced Fund |
Class I Units |
|
Real Return Bond Fund |
Class I Units and Class R |
|
Short Term Bond Fund |
Class I Units and Class R |
|
U.S. High Yield Bond Fund |
Class I Units, Class I(H) Units, Class R Units and Class R(H) Units |
|
U.S. Large Cap Index Fund |
Class I Units and Class R Units |
|
U.S. Large Company Equity Fund |
Class I Units, Class I(H) Units, Class R Units and Class R(H) Units |
|
U.S. Small Company Equity Fund |
Class I Units, Class I(H) Units, Class R Units and Class R(H) Units |
The changes will take effect upon the filing of SEI Canada's final simplified prospectus, which is expected on or about June 29, 2021
