CÁLCULOS POR ORDENADOR
10. Cumplimiento del Código Técnico de la Edificación
The Board has adopted a Code of Ethics pursuant to Rule 17j-1 under the 1940 Act. In addition, SIMC, the Sub-Advisers and the Distributor have adopted Codes of Ethics pursuant to Rule 17j-1. These Codes of Ethics apply to the personal investing activities of trustees, officers and certain employees (“access persons”). Rule 17j-1 and the Codes are reasonably designed to prevent unlawful practices in connection with the purchase or sale of securities by access persons. Under each Code of Ethics, access persons are permitted to engage in personal securities transactions, but are required to report their personal securities transactions for monitoring purposes. In addition, certain access persons are required to obtain approval before investing in initial public offerings or private placements, or are prohibited from making such investments. Copies of these Codes of Ethics are on file with the SEC and are available to the public.
VOTING
Where the Prospectuses or the SAI state that an investment limitation or a fundamental policy may not be changed without shareholder approval, such approval means the vote of: (i) 67% or more of a Fund’s
shares present at a meeting if the holders of more than 50% of the outstanding shares of the Fund are present or represented by proxy; or (ii) more than 50% of a Fund’s outstanding shares, whichever is less.
SHAREHOLDER LIABILITY
The Trust is an entity of the type commonly known as a “Massachusetts business trust.” Under Massachusetts law, shareholders of the Trust could, under certain circumstances, be held personally liable as partners for the obligations of the Trust. Even if, however, the Trust were held to be a partnership, the possibility of the shareholders incurring financial loss for that reason appears remote because the Trust’s Declaration of Trust contains an express disclaimer of shareholder liability for obligations of the Trust and requires that notice of such disclaimer be given in each agreement, obligation or instrument entered into or executed by or on behalf of the Trust or the Trustees, and because the Declaration of Trust provides for indemnification out of the Trust property for any shareholders held personally liable for the obligations of the Trust.
CONTROL PERSONS AND PRINCIPAL HOLDERS OF SECURITIES
As of Monday, May 11, 2015, the following persons were the only persons who were record owners (or, to the knowledge of the Trust, beneficial owners) of 5% and 25% or more of the shares of the Funds. Persons who owned of record or beneficially more than 25% of a Fund’s outstanding shares may be deemed to control the Fund within the meaning of the 1940 Act. Shareholders controlling a Fund could have the ability to vote a majority of the shares of the Fund on any matter requiring the approval of shareholders of the Fund. The Trust believes that most of the shares referred to below were held by the following persons in accounts for their fiduciary, agency or custodial customers.
Name and Address Number of Shares Percent of Fund/Class
Money Market Fund—Class A Shares SEI Investment Inc . . . 52,170,583.890 35.31% 3519 Silverside Rd
Ridgely Bldg. 101C
Wilmington, DE 19810-4909
SEI Private Trust Company . . . 22,857,521.140 15.47% C/O Evercore
ATTN: Mutual Fund Administrator
One Freedom Valley Drive
Oaks, PA 19456-9989
SEI Private Trust Company . . . 9,566,779.520 6.48% FBO 601 Banks
ATTN: Eileen Carlucci
One Freedom Valley Drive
Oaks, PA 19456-9989
Torrington Savings Bank . . . 17,019,559.120 11.52% ATTN: Miles C. Borzilleri
PO Box 478
Torrington, CT 06790-0478
SEI Private Trust Company . . . 17,505,277.150 11.85% Mutual Funds Administrator
One Freedom Valley Drive
Name and Address Number of Shares Percent of Fund/Class SEI Private Trust Company . . . 18,341,368.830 12.41% One Freedom Valley Drive Oaks, PA 19456-9989 Money Market Fund—Class B Shares
SEI Private Trust Company . . . 43,432,541.200 64.05% C/O SEI Corporation PO Box 1100 Oaks, PA 19456-1100 SEI Private Trust Company . . . 23,889,180.410 35.23% ATTN: Ian Weiss PO Box 1100 Oaks, PA 19456-1100 Money Market Fund—Class C Shares
Citizens Bank . . . 1,643,457.640 6.99% Account Analysis-ROP 140 1 Citizens Drive Riverside, RI 02915-3000 Citizens Bank . . . 2,650,263.89 11.28% Account Analysis-ROP 140 1 Citizens Drive Riverside, RI 02915-3000 Delaware Corporate Center 2 . . . 3,364,197.330 14.32% 2 Righter PKWY STE 250 Wilmington, DE 19803-1531 SEI Private Trust Company . . . 2,853,701.12 12.14% C/O The Peoples Bank One Freedom Valley Drive Oaks, PA 19456-9989 UVEST Financial Services . . . 8,874,193.070 37.77% First Niagara Bank 200 S. College St. Fl. 21 Charlotte, NC 28202-2012 Brenham National Bank . . . 1,890,833.600 8.05% ATTN: Operations Dept. PO Box 2568 Brenham, TX 77834-2568
Name and Address Number of Shares Percent of Fund/Class
Money Market Fund—Sweep Class Shares Community Bank & Trust of Florida . . . 10,733,263.840 43.96% PO Box 1570
Ocala, FL 34478-1570
Tri County Bank . . . 10,118,725.550 41.45% Operations Center
PO Box 909
Chico, CA 95927-0909
First City Bank . . . 2,935,961.970 12.03% ATTN: Donna Dodge
PO Box 2977
Ft Walton Bch, FL32549-2977
Prime Obligation Fund—Class A Shares Band & Co C/O US Bank . . . 2,577,403,738.590 44.58% PO Box 1787
Milwaukee, WI 53201-1787
SEI Private Trust Company . . . 636,846,696.932 14.01% One Freedom Valley Drive
Oaks, PA 19456-9989
SEI Institutional Managed Trust . . . 600,194,377.010 10.38% Multi Asset Accumulation Fund
ATTN: Phil Benincasa
AQR Capital
2 Greenwich Plz. Fl. 3
Greenwich, CT 06830-6353
SEI Institutional Investments Trust . . . 350,836,821.790 6.07% World Equity EX-US Fund
One Freedom Valley Drive
Oaks, PA 19456-9989
Prime Obligation Fund—Class B Shares Mizuho Corporate Bank Ltd . . . 12,393,395.450 16.97% 350 S. Grand Ave. Ste. 1500
Los Angeles, CA 90071-3471
SEI Private Trust Company . . . 20,409,205.480 27.95% C/O Investment Trust Co.
ATTN: Ethel Vick, Suite 730
3200 Cherry Creek South Drive
Name and Address Number of Shares Percent of Fund/Class
SEI Private Trust Company . . . 4,474,641.140 6.13% ATTN: Jackie Esposito
One Freedom Valley Drive
Oaks, PA 19456-9989
SEI Private Trust Company . . . 3,857,313.750 5.28% ATTN: Mutual Funds
One Freedom Valley Drive
Oaks, PA 19456-9989
SEI Trust C/O Chevy Chase Trust . . . 10,028,638.410 13.74% One Freedom Valley Drive
Oaks, PA 19456-9989
SEI Private Trust Co. . . . 5,297,743.530 7.26% One Freedom Valley Drive
Oaks, PA 19456-9989
Prime Obligation Fund—Class C Shares Wells Fargo Bank FBO . . . 587,665.677 5.20% Champion Motors 401K
1525 W Harris Blvd
Charlotte, NC 28288-1151
SEI Private Trust Company . . . 871,442.140 7.71% C/O The People’s Bank
ATTN: Mutual Fund
One Freedom Valley Drive
Oaks, PA 19456-9989
The Bancorp Bank . . . 2,325,901.300 20.58% New Accounts Department
409 Silverside Rd.
Suite 105
Wilmington, DE 19809-1771
First Federal Savings Bank . . . 1,183,568.650 10.47% FBO Clients
46 W Burndag E Street
Sheridan, WY 82801-4216
Wells Fargo Bank FBO . . . 872,119.400 7.72% SRC Sales Retirement Plan
1525 W Harris Blvd
Charlotte, NC 28288-1151
SEI Private Trust Company . . . 961,706.720 8.51% Mutual Funds Administrator
One Freedom Valley Drive
Name and Address Number of Shares Percent of Fund/Class Brenham National Bank . . . 1,883,818.690 16.67% ATTN: Operations Dept. PO Box 2568 Brenham, TX 77834-2568 Prime Obligation Fund—Sweep Class Shares
First State Bank of Russellville . . . 2,508,938.560 72.61% PO Box 10610 Russellville, AR 72812-0610 Farmers Bank of Appomattox . . . 836,703.050 24.22% PO Box 216 Appomattox, VA 24522-0216 Prime Obligation Fund—Class H Shares
SEI Private Trust Company . . . 17,850,894.070 97.81% One Freedom Valley Drive Oaks, PA 19456-9989 Government Fund—Class A Shares
Band & Co C/O US Bank . . . 845,759,456.420 49.78% PO Box 1787 Milwaukee, WI 53201-1787 SEI Trust C/O Chevy Chase Trust . . . 230,164,795.770 13.55% One Freedom Valley Drive Oaks, PA 19456-9989 Westwood Trust . . . 188,156,758.040 11.07% ATTN: Operations 200 Crescent Court Ste. 1200 Dallas, TX 75201-1855 Union Bank TR Nominee . . . 132,375,341.630 7.79% FBO Cash Management Sweeps 530 B Street–Ste. 203 San Diego, CA 92101-4498 Government Fund—Class B Shares
SEI Trust C/O Chevy Chase Trust . . . 68,283,295.170 57.02% One Freedom Valley Drive Oaks, PA 19456-9989 Hickory Point Bank & Trust FSB . . . 12,787,621.850 10.68% ATTN: Brett A. Swallow, Exec. VP 225 N. Water Street Decatur, IL 62523-2377
Name and Address Number of Shares Percent of Fund/Class
Band & Co C/O US Bank . . . 19,365,542.940 16.17% PO Box 1787
Milwaukee, WI 53201-1787
SEI Private Trust Company . . . 14,267,117.870 11.91% C/O Center Bank GWP
One Freedom Valley Drive
Oaks, PA 19456-9989
Government Fund—Class C Shares Mizuho Corporate Bank Ltd . . . 2,357,845.860 53.23% 350 S Grand Ave Ste 1500
Los Angeles, CA 90071-3471
International Finance Bank (IFB) . . . 1,971,374.460 44.51% PO Box 441900
Miami, FL 33144-1900
Government Fund—Sweep Class Shares SEI Private Trust Company . . . 38,359,396.120 92.88% C/O Kanaly Trust Company
One Freedom Valley Drive
Oaks, PA 19456-9989
Chelsea State Bank . . . 2,270,261.380 5.50% 1010 S Main Street
Chelsea, MI 48118-1427
Government II Fund—Class A Shares Naidot & Co . . . 343,318,659.940 34.84% C/O Bessemer Trust Company
ATTN: Peter Scully
630 Fifth Avenue, 38th Floor
New York, NY 10111-0100
SEI Private Trust Company . . . 270,939,552.430 27.50% C/O Dorsey & Whitney National Bank
ATTN: Mutual Fund Administrator
One Freedom Valley Drive
Oaks, PA 19456-9989
SEI Private Trust Company . . . 115,923,612.510 11.76% ATTN: Ian Weiss
One Freedom Valley Drive
Name and Address Number of Shares Percent of Fund/Class
Gilmac C/O Charter Trust . . . 92,915,816.570 9.43% 90 North Main Street
Concord, NH 03301-4915
SEI Private Trust Company . . . 59,418,520.750 6.03% ATTN: April Johnson/Maureen Burns
One Freedom Valley Drive
Oaks, PA 19456-9989
Government II Fund—Class B Shares SEI Trust C/O Chevy Chase Trust . . . 69,922,607.310 52.15% One Freedom Valley Drive
Oaks, PA 19456-9989
SEI Private Trust Company . . . 36,102,229.090 26.93% ATTN: Jackie Esposito
One Freedom Valley Drive
Oaks, PA 19456-9989
SEI Private Trust Company . . . 8,440,715.740 6.30% C/O Dorsey & Whitney National Bank
ATTN: Mutual Fund Administrator
One Freedom Valley Drive
Oaks, PA 19456-9989
SEI Private Trust Company . . . 12,689,744.870 9.47% C/O SEI Corporation
PO Box 1100
Oaks, PA 19456-1100
Government II Fund—Class C Shares Union Community Bank . . . 16,421,671.830 99.97% ATTN: William J. McLaughlin
PO Box 486
Marietta, PA 17547-0486
Treasury Fund—Class A Shares SEI Private Trust Company . . . 67,745,534.270 58.31% C/O Washington Trust Bank
One Freedom Valley Drive
Oaks, PA 19456-9989
SEI Trust C/O Chevy Chase Trust . . . 10,005,635.270 8.61% One Freedom Valley Drive
Name and Address Number of Shares Percent of Fund/Class SEI Private Trust Company . . . 15,267,291.220 13.14% ATTN: Ian Weiss One Freedom Valley Drive Oaks, PA 19456-9989 SEI Private Trust Company . . . 10,514,153.990 9.05% One Freedom Valley Drive Oaks, PA 19456-9989 Treasury Fund—Class B Shares
SEI Private Trust Company . . . 23,073,994.980 28.92% C/O The Peoples Bank One Freedom Valley Drive Oaks, PA 19456-9989 SEI Trust C/O Chevy Chase Trust . . . 27,675,444.150 34.69% One Freedom Valley Drive Oaks, PA 19456-9989 SEI Private Trust Company . . . 7,204,114.050 9.03% C/O SEI Corporation One Freedom Valley Drive Oaks, PA 19456-9989 UVEST Financial Services . . . 6,148,800.930 7.71% Pegasus Bank PO Box 7908 Dallas, TX 75209-0908 SEI Private Trust Company . . . 5,506,642.330 6.90% C/O SEI Corporation PO Box 1100 Oaks, PA 19456-1100 Band and Co . . . 4,708,627.890 5.90% C/O of US Bank PO Box 1787 Milwaukee, WI 53201-1787 Applied Bank . . . 4,431,904.410 5.55% PO Box 12565 Wilmington, DE 19850-2565 Treasury Fund—Class C Shares
First National Bank of Louisiana . . . 9,231,036.690 93.47% PO Box 81735 Lafayette, LA 70598-1735
Name and Address Number of Shares Percent of Fund/Class
Treasury Fund—Sweep Class Shares City National Bank As Agent For Various Accts . . . . 104,651,024.910 92.62% ATTN: Trust Ops/Mutual Funds
PO Box 60520
Los Angeles, CA 90060-0520
South Central Bank . . . 7,900,250.200 6.99% 525 W Roosevelt Rd
Chicago, IL 60607-4905
Treasury Fund II—Class A Shares Muir & Co . . . 135,227,412.240 34.11% C/O Frost Bank
ATTN: Julia Warden
PO Box 2950
San Antonio, TX 78299-2950
SEI Private Trust Company . . . 111,146,125.410 28.04% FBO 601 Banks
ATTN: Eileen Carlucci
One Freedom Valley Drive
Oaks, PA 19456-9989
SEI Private Trust Company . . . 45,970,432.230 11.60% One Freedom Valley Drive
Oaks, PA 19456-9989
SEI Private Trust Company . . . 38,959,154.780 9.83% ATTN: Ian Weiss
One Freedom Valley Drive
Oaks, PA 19456-9989
SEI Private Trust Company . . . 27,885,594.340 7.03% C/O Johnson Bank ETS
ATTN: Mutual Funds Administrator
One Freedom Valley Drive
Oaks, PA 19456-9989
Treasury Fund II—Class B Shares SEI Private Trust Company . . . 83,711,277.140 47.66% One Freedom Valley Drive
Oaks, PA 19456-9989
Muir & Co. . . 45,240,213.700 25.75% C/O Frost Bank
PO Box 2479
Name and Address Number of Shares Percent of Fund/Class Union Community Bank . . . 27,514,357.140 15.66% ATTN: William J. McLaughlin P.O. Box 486 Marietta, PA 19456-9989 Treasury Fund II—Class C Shares
First National Bank of Louisiana . . . 3,182,239.060 94.61% PO Box 81735 Lafayette, LA 70598-1735 Ultra Short Duration Bond Fund—Class A Shares
SEI Private Trust Company . . . 20,503,357.965 70.81% One Freedom Valley Drive Oaks, PA 19456-9989 SEI Private Trust Company . . . 2,663,367.734 9.20% One Freedom Valley Drive Oaks, PA 19456-9989 Short-Duration Government Fund—Class A Shares
SEI Private Trust Company . . . 47,265,874.524 67.92% One Freedom Valley Drive Oaks, PA 19456-9989 SEI Private Trust Company . . . 7,685,196.941 11.04% One Freedom Valley Drive Oaks, PA 19456-9989 ATTN: Mutual Fund Operations . . . 5,017,457.161 7.21% Mac & Co 525 William Penn Place Pittsburgh, PA 15230-3198 Short-Duration Government Fund—Class Y Shares
SEI Target Date Collective Trust . . . 289,728.032 5.50% SEI Target Date 2010 Fund One Freedom Valley Drive Oaks, PA 19456-9989 SEI Target Date Collective Trust . . . 613,776.281 11.66% SEI Target Date 2015 Fund One Freedom Valley Drive Oaks, PA 19456-9989
Name and Address Number of Shares Percent of Fund/Class
SEI Asset Allocation Conservative Strategy Fund . . 657,622.630 12.49% ATTN: Jack McCue
SEI Investment Management Unit
One Freedom Valley Drive
Oaks, PA 19456-9989
SEI Target Date Collective Trust . . . 667,885.710 12.68% SEI Target Date 2025 Fund
ATTN: Casey Anderson
One Freedom Valley Drive
Oaks, PA 19456-9989
SEI Asset Allocation Defensive Strategy Fund . . . 786,150.178 14.93% One Freedom Valley Drive
Oaks, PA 19456-9989
SEI Target Date Collective Trust . . . 858,656.803 16.31% SEI Target Date 2020 Fund
Portfolio Implementations and Trading
One Freedom Valley Drive
Oaks, PA 19456-9989
SEI Asset Allocation Moderate Strategy Fund . . . 1,035,282.410 19.66% ATTN: Jack McCue
One Freedom Valley
One Freedom Valley Drive
Oaks, PA 19456-9989
Intermediate-Duration Government Fund—Class A Shares SEI Private Trust Company . . . 962,642.844 57.45% One Freedom Valley Drive
Oaks, PA 19456-9989
SEI Private Trust Co. . . . 168,760.999 10.07% C/O Bremer Trust
ATTN: Mutual Funds Administrator
One Freedom Valley Drive
Oaks, PA 19456-9989
NFS LLC FEBO . . . 140,370.591 8.38% Hilltop National Bank DBA Midhill
PO Box 2680
Casper, WY 82602-2680
GNMA Fund—Class A Shares SEI Private Trust Company . . . 689,264.544 6.75% One Freedom Valley Drive
Name and Address Number of Shares Percent of Fund/Class
SEI Private Trust Company . . . 735,917.961 7.20% One Freedom Valley Drive
Oaks, PA 19456-9989
SEI Private Trust Company . . . 6,001,668.258 58.75% One Freedom Valley Drive
Oaks, PA 19456-9989
SEI Private Trust Company . . . 898,493.535 8.80% Christopher Dilbeck
Mutual Fund Administrator
One Freedom Valley Drive
Oaks, PA 19456-9989
CUSTODIAN
U.S. Bank National Association (“U.S. Bank”), located at 425 Walnut Street, Cincinnati, Ohio 45202, serves as custodian and acts as wire agent of the assets of the Funds. U.S. Bank holds cash, securities and other assets of the Trust as required by the 1940 Act.
INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
KPMG LLP, located at 1601 Market Street, Philadelphia, PA 19103, serves as the Trust’s independent registered public accounting firm.
LEGAL COUNSEL
Morgan, Lewis & Bockius LLP, located at 1701 Market Street, Philadelphia, Pennsylvania 19103, serves as legal counsel to the Trust.
DESCRIPTION OF RATINGS