1. Client Review

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 quarterly rebalancing of your accounts. Keeping you up-to-date on your concerns and adjusting your investment strategies to help 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. Identify the appropriate investment strategies to meet your goals Discovery Assessment EvaluationImplementation Monitoring & Review. Review and Monitor Your Goals Identify your goals and resources Evaluate and confirm the proposed investment solution designed to meet your goals Implement the Goals- Based investment solution Monitor investment strategies & progress to goals on an on-going basis    

7. Global Market Review and Economic Outlook

8. 8 Footer Global market review 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. Index returns are for illustrative purposes only and do not represent actual fund performance. Index performance returns do not reflect any management fees, transaction costs or expenses. Indexes are unmanaged and one cannot invest directly in an index. Past performance is no guarantee of future results. The second quarter was a tail of two halves in the U.S., with mixed performance to go along with the mixed economic data. Financial markets were roiled in mid May after the Federal Reserve announced that its asset purchase program could soon wind down. All areas of the global fixed-income markets declined as real yields spiked. Global equity performance was mixed, with U.S. stocks outpacing most other regions. In the U.S., small caps led large caps. Emerging markets, encompassing both debt and equity, were laggards on rising Treasury yields and uncertain growth in China. Concerns about moderating emerging-market growth also pressured commodities.

9. 9 Footer Fixed-income market review Source: National Bureau of Economic Research, Conference Board, Standard and Poor’s; Yield Curve - Bloomberg An improving housing market and rising consumer confidence underpin the Fed’s view that downside risks are receding. Interest rates broke sharply higher amidst falling inflation. Real rates spiked more than nominal rates as inflation hit record lows. Global bond markets were pressured, as investors re-set expectations of a potential world with less central bank support. SEI believes that markets overreacted to the Fed’s “tapering” announcement. –We expect interest rates to be range bound for the rest of the year. –We believe the volatility provided opportunities to uncover fundamentally attractive individual securities. The Fed emphasized that economic conditions will drive the rate of tapering.

10. 10 Footer Equity market review Source: FactSet The enduring appetite for U.S. equities persisted despite a brief sell-off initiated by Fed’s comments. Outside of the U.S., slowing growth challenged equity markets. Within U.S. equities, interest-rate sensitive sectors drove performance. Dividend yield investments, such as Utilities and Telecom, led the weakness. Financials led in the quarter and benefited from a steeper yield curve. Corporate earnings will be in focus as price-to- earnings multiples appear fairly valued. Index returns are for illustrative purposes only and do not represent actual fund performance. Index performance returns do not reflect any management fees, transaction costs or expenses. Indexes are unmanaged and one cannot invest directly in an index. Past performance is no guarantee of future results.

11. 11 Footer Point of View Economic Outlook

12. 12 Footer A Slow-Poke Recovery The release of the Federal Open Market Committee’s minutes (May 22) raised the possibility that the central bank would start to reduce its bond purchase program. In our view, investor fears surrounding the economic impact from an early Fed exit appear overdone. Although the U.S. economy is on the mend, growth remains subdued The 8% cumulative gain in inflation-adjusted gross domestic product (GDP)is the weakest on record in the post-World War II period. Despite modest economic growth, the U.S. is further along the path of recovery than most other countries.

13. 13 Footer Inflation Ebbs around the World Weak aggregate demand in Europe has fed into slower Chinese export growth. A China slowdown, in turn, depresses trade with other export-oriented emerging economies. The result is downward pressure on industrial commodity prices and slow global GDP growth. This combination has pushed inflation throughout the globe toward cyclical lows. U.S. inflation has fallen approximately one percent below the central bank’s stated target. A similar situation prevails in the eurozone and Japan.

14. 14 Footer U.S. Mortgage Activity A Fed exit from quantitative easing and a later move away from zero interest-rate policy should occur in response to sustained economic improvement. However, the recovery to date seems rather fragile, with a weak first-quarter gross domestic product reading. In addition, there has already been a quick drop in mortgage refinancing in response to bond market turbulence. 30-year fixed mortgages have moved in dramatic fashion as well. The impact of higher rates and its impact on the housing recovery should give the Fed some pause.

15. 15 Footer Unit Labor Costs Slowly Converging Eurozone austerity continues to trump growth initiatives. Observers however, express optimism that the region is trending off a bottom, but at a cost in unemployment and economic decline Eleven of the 17 eurozone counties recorded a decline in GDP over the past year. Unemployment in the Euro region hit an all-time high of 12.2% in April. In the periphery, global competitiveness, as measured by unit labor costs, is improving due to downturns in wages and labor market reforms. The narrowing trend has a ways to go for some countries to get back to previous states of competitiveness.

16. 16 Footer Europe’s Problems are no Secret Despite cheaper valuations for a stock market dominated by export-driven companies, we remain neutral on the region. Currency may be the more exploitable investment theme as a path to global competitiveness should include a weaker currency. The euro has been quite resilient as the European Central Bank has been slow to counter the shrinking of its balance sheet. However, pressures are intensifying for less austerity and more growth with Germany seeing its economy stall. Additional pressure should also result from a re- energized Japan with a cheap yen competing for export growth.

17. 17 Footer Falling Like BRICS Emerging stocks have been global laggards with China growth concerns weighing. Year-over-year China GDP growth slowed to just below 8% from past decade double-digit gains. The slowing of global merchandise export growth is clearly a headwind for the nation which impacts other emerging economies as well. EM stock valuations have improved and now reside close to long-term averages but have not garnered investor attention A bottoming out of industrial commodity prices and an economically stronger developed world would benefit China as well as the asset class. Index returns are for illustrative purposes only and do not represent actual fund performance. Index performance returns do not reflect any management fees, transaction costs or expenses. Indexes are unmanaged and one cannot invest directly in an index. Past performance is no guarantee of future results.

18. 18 Footer The outlook: Do not fear the taper The good news The correction in global equities should be viewed as a buy-on-the-dip opportunity. Interest rates are rising because growth prospects are improving. The U.S. economy continues on a slow but steady expansionary path. Japan’s economy is showing some signs of life, while Europe is starting to stabilize. Inflation remains subdued despite the extraordinary expansion of the monetary base. Emerging market economies are struggling as trade with China and Europe slows and commodity prices fall. Sliding currencies as well as weak bond and stock markets are creating opportunities for EM investors. The bad news Markets have reacted surprisingly badly to the Fed’s taper plans. Europe still is not doing enough to pull itself out of its slow-growth/recessionary funk. The recent interest-rate spike in China highlights the difficulty of reining in loan growth and speculation. Political upheaval in Turkey, Egypt, Brazil and elsewhere adds to the uncertainty for EM investors. We expect very choppy stock and bond markets over the next few months. Investor complacency has been shaken, but is not yet pessimistic enough to call a turn. The secular bull market in bonds seems to be drawing to a close.

19. 19 Footer Summary SEI’s active asset allocation outlook: SEI believes markets will remain on a choppy course in the months ahead with Fed policy in regard to asset purchases a focal point. The U.S. continues to be the best house in a bad neighborhood. Equities versus bonds: neutral with the intention to overweight equities However, volatility in fixed income created opportunities for active management in non-government sectors. Neutral on emerging-market debt and high yield with continued belief that relative value opportunities exist. Currency: Negative views on Europe and a belief that the Bank of Japan’s “whatever it takes” approach will ultimately devalue the currency are expressed in short positions versus the U.S. dollar.

20. 20 Footer Manager Changes

21. 21 Footer Manager changes Fund(s) ImpactedAdditionsRationale SIMT Real ReturnFixed Income Portfolio ManagementReduce fees and improve performance SIMT Tax-Managed Small/Mid CapJP MorganExperienced, quality growth process Fund(s) ImpactedTerminationsRationale SIMT Real ReturnWellington ManagementReduce fees and improve performance SIMT Tax-Managed Small/Mid CapCentury Capital ManagementDisappointing performance

22. Portfolio Review

23. Let’s Review Your Most Recent Client Statement

24. Insert Client-Specific Strategy Performance Slide from Appendix

25. 2013 Project Plan › Next Steps Worksheet Example PriorityNext Steps 1. 2. 3. 4.

26. Strategy Appendix

27. SEI Representative Strategy Review Volatility in global fixed-income markets was reflected in the 2 nd quarter strategy returns, as all strategies with a fixed-income component declined. Year to date, the Short Term and Defensive strategy returns were marginally negative; all other strategies were in positive territory, particularly those with predominantly equity- based exposure. Performance shown is for selected Private Client strategies, net of fees. 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, but does not reflect any fee your advisor may charge. Sources: SEI, DataMart Index returns are for illustrative purposes only and do not represent actual fund performance. Index performance returns do not reflect any management fees, transaction costs or expenses. Indexes are unmanaged and one cannot invest directly in an index. Past performance is no guarantee of future results.

28. SEI Representative Strategy Review Stability-Focused Strategies Source: SEI, BlackRock Solutions Weighted average results derived from the fixed income components of Strategy; U.S. Bonds reflects iShares Core Total US Bond Market ETF Stability-focused strategies are designed for long- term growth while seeking to reduce portfolio volatility and drawdown risk. The fixed-income focus is on reducing interest- rate risk and enhancing yield. The equity focus is on capital appreciation with below-market volatility. Both managed volatility portfolios lagged their benchmarks for the quarter, but continued to show strong year-to-date returns. Index returns are for illustrative purposes only and do not represent actual fund performance. Index performance returns do not reflect any management fees, transaction costs or expenses. Indexes are unmanaged and one cannot invest directly in an index. Past performance is no guarantee of future results. * Values were set to zero as of June 30, 2010.

29. SEI Stability-Focused Strategy – PC Conservative Sources: SEI, FactSet. Returns are net of fees, selected Private Client Strategies. Despite a difficult quarter, year-to-date returns remained positive. The strategy’s diversified approach proved advantageous, as equity and high-yield exposure helped to offset weakness within commodities and fixed income. In particular, performance benefited from U.S. and Global Managed Volatility, as well as from High Yield and Multi- Asset Income. The strategy returns were negative for the quarter, falling within the range of broad U.S. fixed-income and equity markets. The rapid rise in real interest rates, along with a drop in commodity prices, had a negative impact on Multi-Asset Inflation and Real Return. A minor pullback in Multi-Asset Capital Stability also had a marginally negative impact. Index returns are for illustrative purposes only and do not represent actual fund performance. Index performance returns do not reflect any management fees, transaction costs or expenses. Indexes are unmanaged and one cannot invest directly in an index. Past performance is no guarantee of future results. Asset allocation as of 6/30/2013 and is subject to change.

30. SEI Stability-Focused Strategy – PC Defensive Sources: SEI, FactSet. Returns are net of fees, selected Private Client Strategies. Index returns are for illustrative purposes only and do not represent actual fund performance. Index performance returns do not reflect any management fees, transaction costs or expenses. Indexes are unmanaged and one cannot invest directly in an index. Past performance is no guarantee of future results. Asset allocation as of 6/30/2013 and subject to change. Year to date, the strategy’s diversified approach proved advantageous, as equity and high-yield exposure partially offset weakness within commodities and fixed income. In particular, performance benefited from U.S. and Global Managed Volatility, as well as from High Yield and Multi-Asset Income. The rapid rise in real interest rates, along with a drop in commodity prices, had a negative impact on Multi-Asset Inflation and Real Return.

31. SEI Stability-Focused Strategy – PC Moderate Despite a difficult quarter, year-to-date strategy returns remained positive. Strong gains in U.S. and Global Managed Volatility, as well as Large Cap equities, helped to offset weakness in Emerging Markets Debt, Multi-Asset Inflation, and Accumulation. U.S. equities enjoyed a favorable quarter in light of mostly positive economic news, and performance benefited from exposure to Large Cap and U.S. Managed Volatility. Fixed-income markets were roiled by indications that the Federal Reserve may begin slowing its asset purchases sooner than expected, and commodity markets declined as well. The strategy returns were negative for the quarter, reflecting a difficult environment for Multi-Asset Accumulation and Inflation. Weakness in Emerging Markets Debt also had a negative impact. Sources: SEI, FactSet. Returns are net of fees, selected Private Client Strategies. Index returns are for illustrative purposes only and do not represent actual fund performance. Index performance returns do not reflect any management fees, transaction costs or expenses. Indexes are unmanaged and one cannot invest directly in an index. Past performance is no guarantee of future results. Asset allocation as of 6/30/2013 and subject to change.

32. SEI Stability-Focused Strategy – PC Short Term Sources: SEI, FactSet. Returns are net of fees, selected Private Client Strategies. The strategy returned -0.90% for the quarter, reflecting a difficult environment for U.S. fixed-income markets and the continuation of near-zero cash yields. Multi-Asset Capital Stability and Real Return detracted from returns, as both funds were impacted by volatility in global fixed- income markets, following indications from the Federal Reserve that it may begin slowing its asset purchases sooner than expected. Real Return was also negatively impacted by weakness in Treasury Inflation-Protected Securities (TIPS), which were hurt by the combination of rising yields and a sharp decline in the demand for inflation protection. Index returns are for illustrative purposes only and do not represent actual fund performance. Index performance returns do not reflect any management fees, transaction costs or expenses. Indexes are unmanaged and one cannot invest directly in an index. Past performance is no guarantee of future results. Asset allocation as of 6/30/2013 and is subject to change.

33. Multi-Asset Capital Stability Fund During a difficult quarter for the U.S. bond markets, the Multi-Asset Capital Stability Fund fell -2.1%. Its year-to-date decline was -1.6%. The Fund is designed to limit loss of principal in all market environments, while also seeking to generate positive returns. The Funds focus is on carefully managing drawdown risk, seeking to limit it to below 10%. Going into the quarter, the fund was positioned with a large allocation to fixed income instruments, primarily global sovereign bonds and US TIPS. The oversize position in intermediate- to long-dated fixed income securities led to negative performance, as both were impacted by a sharp rise in interest rates. Weakness in Treasury Inflation-Protected Securities (TIPS) was exacerbated by a sharp decline in the demand for inflation protection. Index returns are for illustrative purposes only and do not represent actual fund performance. Index performance returns do not reflect any management fees, transaction costs or expenses. Indexes are unmanaged and one cannot invest directly in an index. Past performance is no guarantee of future results.

34. SEI Growth-Focused Strategy – PC Market Growth Sources: SEI, FactSet. Performance is net of fees, selected Private Client Strategies. Despite a difficult quarter, year-to-date strategy returns remained positive. Strong gains in U.S. Large Cap and Small Cap equities, and more muted positive returns in International Equity and High-Yield Bond, helped to offset weakness in Multi- Asset Accumulation and Inflation. The strategy returned -2.69% for the quarter, reflecting a difficult environment for Multi-Asset Accumulation and Inflation. Weakness in Emerging Markets Equity and Debt also had a negative impact. -U.S. equities, particularly small-cap stocks, enjoyed a favorable quarter in light of mostly positive economic news. Fixed- income markets were roiled by indications that the Federal Reserve may begin slowing its asset purchases sooner than expected, and commodity markets declined as well. 1% Index returns are for illustrative purposes only and do not represent actual fund performance. Index performance returns do not reflect any management fees, transaction costs or expenses. Indexes are unmanaged and one cannot invest directly in an index. Past performance is no guarantee of future results. Asset allocation as of 6/30/2013 and is subject to change.

35. SEI Large Cap and Small Cap Equity Source: SEI U.S. equities enjoyed a favorable quarter in light of mostly positive economic news and continued to outpace international markets. SEI’s growth-focused strategies employ both the Large Cap and Small Cap funds. Each fund has enjoyed four consecutive positive quarters, which has contributed meaningfully to each strategy’s performance. During the quarter, each fund benefited from stock selection within the Consumer Discretionary and Financials sectors. Small Cap was also aided slightly by selection within Industrials. In general, both funds are positioned to benefit from a modest U.S. economic growth environment, with less emphasis on deep cyclical and defensive areas. Index returns are for illustrative purposes only and do not represent actual fund performance. Index performance returns do not reflect any management fees, transaction costs or expenses. Indexes are unmanaged and one cannot invest directly in an index. Past performance is no guarantee of future results.

36. Multi-Asset Accumulation Fund The Multi-Asset Accumulation Fund offers global market exposures that are diversified by risk rather than by capital. During a difficult quarter for global bond markets and inflation-sensitive assets, the Fund declined -8.4%. Its year-to-date return was -4.2%. Going into the quarter, the fund was positioned with a large allocation to fixed income instruments, primarily global sovereign bonds, and inflation-sensitive assets. These positions drove the Fund’s negative performance, as both were impacted by a sharp rise in interest rates. Weakness in inflation-sensitive assets was further exacerbated by the declines in commodities and Treasury Inflation-Protected Securities (TIPS). *60% MSCI World Equity Index (Hedged) / 40% Barclays Global Aggregate Bond Index (Hedged) Source: SEI, Factset, BlackRock. Past performance is no guarantee of future results.

37. SEI Institutional Fixed Income Strategy Sources: SEI, FactSet. Performance is net of Fees, selected Private Client Strategies The strategy returned -2.59% for the quarter, reflecting a difficult environment for global fixed-income markets in general. Performance was driven primarily by Core Fixed Income, which comprises nearly 2/3 of the model. Dedicated positions to High Yield and International Fixed Income helped buffer returns somewhat, while Emerging Markets Debt struggled. The difficult 2 nd quarter dragged year-to-date returns into negative territory, though performance was marginally better than that of the strategy’s benchmark. High Yield’s positive return proved beneficial to year-to-date results, while Emerging Markets Debt had the largest negative impact. Index returns are for illustrative purposes only and do not represent actual fund performance. Index performance returns do not reflect any management fees, transaction costs or expenses. Indexes are unmanaged and one cannot invest directly in an index. Past performance is no guarantee of future results. Asset allocation as of 6/30/2013 and is subject to change.

38. SEI Core Fixed Income Source: SEI, BlackRock Solutions Over / Underweights are based on market value relative to Barclays US Aggregate Index SEI’s Core Fixed Income Fund has outperformed its benchmark for the year to date (-2.2% versus -2.4%) and trailing one year (1.5% versus -0.7%) periods. With U.S. Treasurys still anchored to historically low rates, SEI continues to see relative value in non-government sectors. In particular, the Fund carries an overweight position in Agency and non-Agency Mortgage- Backed Securities. The fund also maintains an overweight in the Financials sector and a tactical allocation to High Yield, in light of strong or improving fundamentals and attractive spreads. Duration Index returns are for illustrative purposes only and do not represent actual fund performance. Index performance returns do not reflect any management fees, transaction costs or expenses. Indexes are unmanaged and one cannot invest directly in an index. Past performance is no guarantee of future results.

39. SEI Growth-Focused Strategy – PC Tax-Managed Market Growth Index returns are for illustrative purposes only and do not represent actual fund performance. Index performance returns do not reflect any management fees, transaction costs or expenses. Indexes are unmanaged and one cannot invest directly in an index. Past performance is no guarantee of future results. Asset allocation as of 6/30/2013 and subject to change. Sources: SEI, FactSet. Performance is net of Fees, selected Private Client Strategies Year-to-date strategy returns remained solid. Strong gains in U.S. Tax-Managed Large Cap and Tax-Managed Small/Mid Cap equities, and more muted positive returns in International Equity, offset weakness in Emerging Markets Equity and Debt. U.S. equities, particularly smaller-cap stocks, enjoyed a favorable quarter in light of mostly positive economic news. Fixed- income markets were roiled by indications that the Federal Reserve may begin slowing its asset purchases sooner than expected, and emerging markets also declined.

40. Intermediate-Term Municipal Fund Holdings subject to change. The credit quality of a fund's holdings is derived using Standard & Poors as the ratings source. The purpose of the ratings is to provide investors with a simple system of gradation by which relative creditworthiness of a fund's securities may be noted. Ratings are measured on a scale that generally ranges from AAA (highest) to D (lowest). Source: Municipal Market Monitor; SEI The Intermediate-Term Municipal Fund declined -2.8% during the second quarter, reflecting a difficult environment for fixed-income markets in general. Municipal bonds were also negatively impacted by uncertainties about their potential future tax treatment and concerns about the creditworthiness of certain cities and regions. The Fund currently has 80.3% of its holdings allocated to revenue bonds, as its managers continue to see greater relative value there than in the general obligation and pre-refunded sectors. Although the fund has roughly a 45% weight in AA-rated bonds, it remains underweight versus its benchmark. The fund continues to hold overweights in A- and BBB-rated bonds.

41. SEI Growth-Focused Strategy – PC Core Market Despite a difficult quarter, year-to-date strategy returns remained marginally positive. Strong gains in U.S. Large Cap and Small Cap equities, along with more muted positive returns in International Equity and High-Yield Bond, helped to offset weakness in Multi-Asset Accumulation and Inflation, as well as Emerging Markets Equity and Debt. U.S. equities, particularly small-cap stocks, enjoyed a favorable quarter in light of mostly positive economic news. Fixed- income markets were roiled by indications that the Federal Reserve may begin slowing its asset purchases sooner than expected, and commodity markets declined as well. The strategy returns were negative for the quarter, reflecting a difficult environment for Multi-Asset Accumulation and Inflation. Weakness in Emerging Markets Equity and Debt also had a negative impact. 1% Sources: SEI, FactSet. Returns are net of fees, selected Private Client Strategies. Index returns are for illustrative purposes only and do not represent actual fund performance. Index performance returns do not reflect any management fees, transaction costs or expenses. Indexes are unmanaged and one cannot invest directly in an index. Past performance is no guarantee of future results. Asset allocation as of 6/30/2013 and subject to change.

42. SEI Growth-Focused Strategy – PC Aggressive Year-to-date strategy returns remained solid. Strong gains in U.S. Large Cap and Small Cap equities, along with more muted positive returns in International Equity and High Yield, offset weakness in Emerging Markets Equity and Debt and Multi-Asset Accumulation. U.S. equities, particularly smaller-cap stocks, enjoyed a favorable quarter in light of mostly positive economic news. Fixed- income markets were roiled by indications that the Federal Reserve may begin slowing its asset purchases sooner than expected, and emerging markets also declined. The strategy returns were negative for the quarter, falling within the range of broad fixed-income and equity markets. Performance was constrained by weakness in Multi-Asset Accumulation as well as Emerging Markets Equity and Debt. 1% Sources: SEI, FactSet. Returns are net of fees, selected Private Client Strategies. Index returns are for illustrative purposes only and do not represent actual fund performance. Index performance returns do not reflect any management fees, transaction costs or expenses. Indexes are unmanaged and one cannot invest directly in an index. Past performance is no guarantee of future results. Asset allocation as of 6/30/2013 and subject to change.

43. SEI Growth-Focused Strategy – PC Equity Sources: SEI, FactSet. Performance is net of fees, selected Private Client Strategies. Index returns are for illustrative purposes only and do not represent actual fund performance. Index performance returns do not reflect any management fees, transaction costs or expenses. Indexes are unmanaged and one cannot invest directly in an index. Past performance is no guarantee of future results. Asset allocation as of 6/30/2013 and subject to change. The strategy returned 1.55% for the quarter, falling within the range of broad global equity markets. U.S. equities enjoyed a favorable quarter in light of mostly positive economic news, and continued to outpace international markets. Attribution for the strategy’s solid year-to-date performance were similar, as strong gains in U.S. Large Cap and Small Cap equities, along with more muted positive returns in International Equity, more than offset weakness in Emerging Markets Equity. 1%

44. 44 Footer Fund Performance

45. 45 Footer SEI performance summary Fixed-income mutual funds – as of 6/30/2013 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 Net of FeesQuarter-End ReturnYear-to-Date Returns Fixed-Income Mutual Fund Benchmark Index SEIBenchmarkSEIBenchmark SIMT Core Fixed Income Barclays Capital U.S. Aggregate Bond -2.36%-2.32%-2.15%-2.44% SIT Emerging Markets Debt 50% JPM EMBI Global Div & 50% JPM GBI EM Global Div -6.97%-6.33%-8.03%-7.45% SIMT Enhanced Income BofA ML USD 3M LIBOR Constant Maturity -0.13%0.07%0.73%0.15% SIMT High Yield Bond BofA ML USD High Yield Constrained -1.10%-1.39%2.06%1.46% STET Intermediate Term Municipal Barclays Capital 3-15 Year Muni Blend -2.84%-2.52%-2.46%-2.18% SIT International Fixed Income BofA ML USD High Yield Constrained -1.80%-1.25%-1.05%-0.20% SIMT Real Return Barclays Capital 1-5 Year U.S. TIPS -2.88%-2.79%-2.60%-2.40% SDIT Short Duration Government BofA ML 1-3 Year U.S. Treasury -1.00%-0.11%-1.15%0.00% STET Short Duration Municipal Barclays Capital 1 Year Municipal Bond -0.26%0.03%-0.08%0.31% STET Tax-Advantaged Income Barclays Capital 60/40 HY Muni and Muni -4.05%-3.63%-2.73%-2.38% SDIT Ultra Short Bond Barclays Capital Short UST 9-12 Month -0.31%0.04%0.02%0.12% SIMT US Fixed Income Barclays Capital U.S. Aggregate Bond -2.39%-2.32%-2.48%-2.44%

46. 46 Footer Net of FeesQuarter-End ReturnYear-to-Date Equity Mutual Fund Benchmark Index SEIBenchmarkSEIBenchmark SIT Emerging Markets Equity MSCI Emerging Markets -7.86%-8.08%-7.95%-9.57% SIMT Global Managed Volatility MSCI World -0.82%1.68%12.26%11.58% SIT International Equity MSCI EAFE -0.45%-0.98%3.06%4.10% SIMT Large Cap Russell 1000 2.58%2.65%13.70%13.91% SIMT Large Cap Growth Russell 1000 Growth 1.42%2.06%10.85%11.80% SIMT Large Cap Value Russell 1000 Value 3.82%3.20%15.66%15.90% SIMT Mid Cap Russell Midcap 2.53%2.21%15.55%15.45% SIMT Real Estate Wilshire RESI (Float-Adjusted) -0.93%-1.41%5.47%5.89% SIMT Small Cap Russell 2000 4.52%3.08%17.96%15.86% SIMT Small Cap Growth Russell 2000 Growth 5.42%3.74%18.09%17.44% SIMT Small Cap Value Russell 2000 Value 3.72%2.47%16.13%14.39% SIMT US Managed Volatility Russell 3000 1.23%2.69%14.73%14.06% SEI performance summary Equity mutual funds – as of 6/30/2013 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. 47 Footer Net of FeesQuarter-End ReturnYear-to-Date Equity Mutual Fund Benchmark Index SEIBenchmarkSEIBenchmark SIMT Tax-Managed Large Cap Russell 1000 2.54%2.65%13.92%13.91% SIMT Tax-Managed Managed Volatility Russell 3000 1.48%2.69%14.59%14.06% SIMT Tax-Managed Small/Mid Cap Russell 2500 3.11%2.27%15.94%15.42% SEI performance summary Equity mutual funds – as of 6/30/2013 (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

48. 48 Footer Net of FeesQuarter-End ReturnYear-to-Date Mutual Fund Benchmark Index SEIBenchmarkSEIBenchmark SIMT Multi Strategy Alternative BofA ML US 3M Treasury Bill -0.72%0.03%0.63%0.04% SIMT Multi Asset Accumulation Blended Accumulation Benchmark -8.42% 0.31 % -4.16% 6.36 % SIMT Multi Asset Capital Stability Blended Capital Stability Benchmark -2.08%0.03%-1.59%0.73% SIMT Multi Asset Income Blended Income Benchmark -0.92%-1.17%2.75%1.46% SIMT Multi Asset Inflation Managed Blended Inflation Benchmark -6.08%-4.27%-7.30%-4.56% SEI performance summary Multi-asset mutual funds – as of 6/30/2013 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 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 Managed (70% Barclays TIPS 1-5yr; 30% MSCI ACWI Commodity Producers Index)

49. 49 Footer SEI annualized performance summary Fixed-income mutual funds – as of 6/30/2013 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 and may be discontinued at any time. Source: SEI Datamart Net of Fees Before Waiver After Waiver 1-Year5-Year10-YearSince Inception Fixed-Income Mutual Fund (Inception) Benchmark Index Expense Ratio (%) SEIBenchmarkSEIBenchmarkSEIBenchmarkSEIBenchmark SIMT Core Fixed Income (5/1/87) Barclays Capital U.S. Aggregate Bond 0.87%0.69%1.49%-0.69%7.02%5.19%4.97%4.52%6.70%6.96% SIT Emerging Markets Debt (6/26/97) 50% JPM EMBI Global Div & 50% JPM GBI EM Global Div 1.80%1.36%0.93%1.24%8.22%8.40%9.60%8.69%9.92%8.96% SIMT Enhanced Income (7/27/06) BofA ML USD 3M LIBOR Constant Mat 1.05%0.60%3.56%0.38%-0.36%0.81%#N/A -0.73%2.01% SIMT High Yield Bond (1/11/95) BofA ML USD High Yield Constrained 1.14%0.91%10.12%9.52%9.87%10.69%7.84%8.81%7.71%8.18% STET Intermediate Term Municipal (9/5/89) Barclays Capital 3-15 Year Muni Blend 0.86%0.64%0.01%0.22%4.86%5.26%3.57%4.16%5.02%5.68% SIT International Fixed Income (9/1/93) BofA ML USD High Yield Constrained 1.21%1.02%2.56%3.30%4.34%4.84%3.34%4.31%4.46%5.21% SIMT Real Return (7/6/09) Barclays Capital 1-5 Year U.S. TIPS 0.85%0.45%-1.27%-0.92%#N/A 2.96%3.34% SDIT Short Duration Government (2/17/87) BofA ML 1-3 Year U.S. Treasury 0.74%0.48%-0.60%0.33%2.68%1.90%2.85%2.59%5.03%5.16% STET Short Duration Municipal (11/13/03) Barclays Capital 1 Year Municipal Bond 0.86%0.64%0.26%0.65%1.73%1.95%#N/A 2.00%2.30% STET Tax-Advantaged Income (9/4/07) Barclays Capital 60/40 HY Muni and Muni 1.15%0.88%3.99%3.31%6.46%6.09%#N/A 4.55%4.81% SDIT Ultra Short Duration Bond (9/28/93) Barclays Capital Short UST 9-12 Month 0.74%0.38%1.21%0.29%1.62%0.98%1.85%2.11%3.55%3.59% SIMT US Fixed Income (7/2/09) Barclays Capital U.S. Aggregate Bond 0.88%0.67%0.12%-0.69%#N/A 5.67%4.97%

50. 50 Footer SEI annualized performance summary Equity mutual funds – as of 6/30/2013 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 and may be discontinued at any time. Source: SEI Datamart Net of Fees Before Waiver After Waiver 1-Year5-Year10-YearSince Inception Equity Mutual Fund (Inception) Benchmark Index Expense Ratio (%) SEIBenchmarkSEIBenchmarkSEIBenchmarkSEIBenchmark SIT Emerging Markets Equity (1/17/95) MSCI Emerging Markets 2.08%1.98%4.42%2.87%-2.09%-0.43%11.24%13.65%4.65%6.82% SIMT Global Managed Volatility (7/27/06) MSCI World 1.31%1.12%18.17%21.22%3.29%3.83%#N/A 2.38%3.65% SIT International Equity (12/20/89) MSCI EAFE 1.26% 16.34%18.62%-4.60%-0.63%4.84%7.66%3.12%4.08% SIMT Large Cap (9/30/09) Russell 1000 1.03%0.90%21.69%21.24%#N/A 13.03%14.42% SIMT Large Cap Growth (12/20/94) Russell 1000 Growth 1.04%0.91%16.50%17.07%6.00%7.47%6.51%7.39%7.29%8.04% SIMT Large Cap Value (10/3/94) Russell 1000 Value 0.99%0.90%25.53%25.32%6.17%6.67%6.96%7.78%8.08%9.80% SIMT Mid Cap (2/16/93) Russell Midcap 1.05%1.03%25.43%25.41%5.61%8.27%9.59%10.64%9.65%10.76% SIMT Real Estate (11/13/03) Wilshire RESI (Float-Adjusted) 1.29%1.15%6.92%8.38%5.06%7.02%#N/A 9.12%9.96% SIMT Small Cap (9/30/09) Russell 2000 1.29%1.16%25.16%24.21%#N/A 13.72%15.24% SIMT Small Cap Growth (4/20/92) Russell 2000 Growth 1.29%1.13%23.42%23.67%6.33%8.88%6.62%9.62%8.87%7.15% SIMT Small Cap Value (12/20/94) Russell 2000 Value 1.29%1.16%24.84%24.76%8.05%8.59%9.55%9.30%10.46%10.66% SIMT US Managed Volatility (10/28/04) Russell 3000 1.29%1.01%18.27%21.46%7.64%7.24%#N/A 7.64%6.74%

51. 51 Footer SEI annualized performance summary Equity mutual funds – as of 6/30/2013 (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%, 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 and may be discontinued at any time. Source: SEI Datamart Net of Fees Before Waiver After Waiver 1-Year5-Year10-YearSince Inception Equity Mutual Fund (Inception) Benchmark Index Expense Ratio (%) SEIBenchmarkSEIBenchmarkSEIBenchmarkSEIBenchmark SIMT Tax-Managed Large Cap (3/5/98) Russell 1000 1.03%0.89%21.95%21.24%6.08%7.11%6.88%7.66%3.97%5.01% After Tax Return (1) 21.68%5.90%6.71%3.77% After Tax Return (2) 14.44%5.20%6.03%3.40% SIMT Tax-Managed Mgd Volatility (12/20/07) Russell 3000 1.29%1.01%18.23%21.46%9.01%7.24%#N/A 6.65%4.32% After Tax Return (1) 17.28%8.53%#N/A6.21% After Tax Return (2) 12.69%7.71%#N/A5.64% SIMT Tax-Managed Small/Mid Cap (10/31/00) Russell 2500 1.29%1.13%23.69%25.61%7.25%9.21%8.54%10.33%5.88%7.76% After Tax Return (1) 23.59%7.19%8.05%5.50% After Tax Return (2) 15.49%6.26%7.43%5.08%

52. 52 Footer SEI annualized performance summary Multi-asset mutual funds – as of 6/30/2013 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 and may be discontinued at any time. Source: SEI Datamart Net of Fees Before Waiver After Waiver 1-Year5-Year10-YearSince Inception Mutual Fund (Inception) Benchmark Index Expense Ratio (%) SEIBenchmarkSEIBenchmarkSEIBenchmarkSEIBenchmark SIMT Multi Strategy Alternative (3/31/10) BofA ML US 3M Treasury Bill 4.24%2.74%1.29%0.11%#N/A 0.07%0.11% SIMT Multi Asset Accumulation (4/9/12) Blended Accumulation Benchmark 1.44%1.22%2.55%13.08%#N/A 2.08 % 8.73 % SIMT Multi Asset Capital Stability (4/9/12) Blended Capital Stability Benchmark 1.02%0.62%-0.35%1.67%#N/A -0.12 % 1.40 % SIMT Multi Asset Income (4/9/12) Blended Income Benchmark 1.37%0.90%13.00%6.39%#N/A 10.50 % 6.14 % SIMT Multi Asset Inflation Managed (4/9/12) Blended Inflation Benchmark 1.22%0.93%-4.82%-1.40%#N/A -5.21 % -3.60 % 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 Managed (70% Barclays TIPS 1-5yr; 30% MSCI ACWI Commodity Producers Index)

53. 53 Footer SEI annualized performance summary Money market funds – as of 6/30/2013 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. Fee waivers are voluntary and may be discontinued at any time. Source: SEI Datamart. Net of Fees Before Waiver After Waiver 7-Day Yield Unsubsidized 7-Day Yield 1-Year5-Year10-YearSince Inception Money Market Fund (Inception) Benchmark Index Expense Ratio (%) SEI BenchmarkSEIBenchmarkSEIBenchmarkSEIBenchmark SLAT Prime Obligation A (1/18/82) iMoneyNet First Tier Institutional 0.77%0.25%0.01%-0.51%0.01%0.03%0.23%0.21%1.64%1.44%4.33%N/A STET Tax Free A (11/12/82) iMoneyNet Tax-Free Retail 0.69%0.23%0.01%-0.45%0.01%0.02%0.28%0.19%1.18%1.01%2.89%0.00% 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 share, it is possible to lose money by investing in the Fund.

54. 54 Footer GoalLink goals-based performance – as of 6/30/2013 The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less that their original cost and current performance may be lower or higher than the performance quoted. 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 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% tonot 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 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 and may be discontinued at any time. Source: SEI Datamart GoalLink Fund (Inception) QTD Total Return YTD Total Return 1-Year Total Return 5-Year Total Return 5-Year Standard Deviation Since Inception Return Annualized Before Waiver Fee (%) After Waiver Fee (%) Stability-Focused (SF) Defensive Strategy Fund (11/17/03) -1.53%-0.34%1.62%1.69%2.15%2.40% 0.86%0.60% Stability-Focused (SF) Conservative Strategy Fund (11/17/03) -1.46%1.20%4.40%2.31%6.28%3.35% 1.00%0.74% Stability-Focused (SF) Moderate Strategy Fund (11/17/03) -2.40%1.83%6.04%3.53%9.86%4.69% 1.15%0.89% Growth-Focused (GF) Core Market Strategy Fund (11/17/03) -3.01%0.47%6.84%4.66%11.23%5.07% 1.25%0.99% Growth-Focused (GF) Market Growth Strategy Fund (11/17/03) -2.75%1.71%8.81%3.91%15.04%5.11% 1.34%1.08% Growth-Focused (GF) Aggressive Strategy Fund (11/17/03) -1.70%4.82%13.36%3.38%18.87%5.49% 1.42%1.17% S&P 500 Index 2.91%13.82%20.60%7.01%18.42% US TSY Bill 0.03%0.04%0.11%0.29%0.17% MSCI EAFE -0.98%4.10%18.62%-0.63%22.98%

55. 55 Footer GoalLink tax-managed goals-based performance – as of 6/30/2013 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. Tax-Managed GoalLink Models QTD Total Return YTD Total Return 1-Year Total Return 5-Year Total Return 5-Year Standard Deviation Since Inception Return Annualized Stability-Focused TM Defensive Strategy (11/17/03) -0.48%1.56%3.20%3.90%4.22%3.84% Stability-Focused TM Conservative Strategy (11/17/03) -0.39%3.41%5.81%5.42%7.68%5.33% Stability-Focused TM Moderate Strategy (11/17/03) -0.26%5.03%8.78%5.57%9.28%5.66% Growth-Focused TM Core Market Strategy (11/17/03) -0.80%3.60%9.15%5.08%10.11%5.23% Growth-Focused TM Market Growth Strategy (11/17/03) 0.21%6.77%13.94%5.19%14.61%5.69% Growth-Focused TM Aggressive Strategy (11/17/03) * 1.24%10.03%19.06%4.83%19.24%6.29% * The Before Waiver Fee and After Waiver Fee is 1.40% and 1.14%, respectively S&P 500 Index 2.91%13.82%20.60%7.01%18.42% US TSY Bill 0.03%0.04%0.11%0.29%0.17% MSCI EAFE -0.98%4.10%18.62%-0.63%22.98%

56. 56 Footer Goals-based performance – as of 6/30/2013 Private Client Strategies 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 QTD Total Return YTD Total Return 1-Year Total Return 5-Year Total Return 5-Year Standard Deviation Since Inception Return Annualized Stability-Focused (SF) Short Term Strategy (12/31/09) -0.90 % -0.80% -0.31 % N/A 0.92 % Stability-Focused (SF) Defensive Strategy (7/31/06) -1.50%-0.41%1.48%1.29%2.69%2.01% Stability-Focused (SF) Conservative Strategy (7/31/06) -1.43%1.22%4.04%1.36%7.22%2.68% Stability-Focused (SF) Moderate Strategy (7/31/06) -2.36%1.79%5.77%3.16%10.09%4.17% Growth-Focused (GF) Core Market Strategy (7/31/06) -3.06%0.25%6.45%4.16%11.20%4.85% Growth-Focused (GF) Market Growth Strategy (7/31/06) -2.69%1.60%8.76%3.47%15.02%4.97% Growth-Focused (GF) Aggressive Strategy (7/31/06) -1.57%4.76%13.64%3.11%18.88%5.31% Growth-Focused (GF) Equity Strategy (12/31/09) 1.55 % 10.52 % 19.75%N/A 9.89 % S&P 500 Index 2.91%13.82%20.60%7.01%18.42%-- US TSY Bill 0.03%0.04%0.11%0.29%0.17%-- MSCI EAFE -0.98%4.10%18.62%-0.63%22.98%--

57. 57 Footer Tax-managed goals-based performance – as of 6/30/2013 Private Client Strategies 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 QTD Total Return YTD Total Return 1-Year Total Return 5-Year Total Return 5-Year Standard Deviation Since Inception Return Annualized Stability-Focused TM Short Term Strategy (12/31/09) -0.39 % -0.28% 0.11 % N/A 0.80 % Stability-Focused TM Defensive Strategy (7/31/06) -0.72%0.82%2.32%3.37%3.59%3.54% Stability-Focused TM Conservative Strategy (7/31/06) -0.59%2.78%5.27%4.76%6.62%4.88% Stability-Focused TM Moderate Strategy (7/31/06) -0.52%4.17%7.87%5.12%8.50%5.23% Growth-Focused TM Core Market Strategy (7/31/06) -1.04%3.37%9.30%5.31%10.11%5.30% Growth-Focused TM Market Growth Strategy (7/31/06) -0.13%6.30%13.70%5.05%14.48%5.76% Growth-Focused TM Aggressive Strategy (7/31/06) 0.73%9.02%17.86%4.51%18.90%6.12% Growth-Focused TM Equity Strategy (12/31/09) 1.62 % 11.22 % 20.24%N/A 10.70 % S&P 500 Index 2.91%13.82%20.60%7.01%18.42%-- US TSY Bill 0.03%0.04%0.11%0.29%0.17%-- MSCI EAFE -0.98%4.10%18.62%-0.63%22.98%--

58. 58 Footer Institutional performance – as of 6/30/2013 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 Strategy QTD Total Return (%) YTD Total Return (%) 1 Year Return (%) 5 Year Annualized Return (%) 10 Year Annualized Return (%) Institutional Fixed Income -2.59%-2.15%2.43%7.06%5.51% Institutional Moderate Growth & Income -1.09%2.33%8.72%5.90%6.37% Institutional Growth & Income -0.32%4.65%12.00%5.15%6.70% Institutional Capital Growth 0.44%7.00%15.34%4.26%6.93% Institutional Equity 1.15%9.21%18.54%3.26%7.01% S&P 500 Index 2.91%13.82%20.60%7.01%7.30% Lehman Aggregate Bond Index -2.32%-2.44%-0.69%5.19%4.52% US TSY Bill 1-3 Month 0.03%0.04%0.11%0.29%1.72%

59. 59 Footer Index Definitions

60. 60 Footer Index definitions The Barclays Capital Global Aggregate Bond Index (formerly Lehman Brothers Global Aggregate Index), an unmanaged market-capitalization- weighted benchmark, tracks the performance of investment-grade fixed income securities denominated in 13 currencies. The index reflects reinvestment of all distributions and changes in market prices. The Barclays Capital U.S. Aggregate Bond Index (formerly Lehman Brothers U.S. Aggregate Bond Index) is a benchmark index composed of U.S. securities in Treasury, Government-Related, Corporate, and Securitized sectors. It includes securities that are of investment-grade quality or better, have at least one year to maturity, and have an outstanding par value of at least $250 million. The CDX IG 12 is a benchmark high-grade derivatives index, which measures the cost of insuring a basket of U.S. investment-grade corporate debt against defaults. The Dow Jones Wilshire Real Estate Securities Index (RESI) is used to measure the U.S. real estate market and includes both real estate investment trusts (REITs) and real estate operating companies (REOCs). It is weighted by float-adjusted market capitalization. The JP Morgan Emerging Market Bond Index is a total return, unmanaged trade-weighted index for U.S. dollar-denominated emerging-market bonds, including sovereign debt, quasi-sovereign debt, Brady bonds, loans and Eurobonds. The MSCI All Country World Index is a market-capitalization-weighted index composed of over 2,000 companies, and is representative of the market structure of 48 developed and emerging-market countries in North and South America, Europe, Africa, and the Pacific Rim. The index is calculated with net dividends reinvested in U.S. dollars. The MSCI EAFE Index is an unmanaged, market-capitalization-weighted equity index that represents the developed world outside North America. The MSCI Emerging Markets Index is a free-float-adjusted market-capitalization-weighted index designed to measure the performance of global emerging-market equities. The Merrill Lynch High Yield Master II Constrained Index is a market-value-weighted index of all domestic and Yankee high-yield bonds, including deferred interest bonds and payment-in-kind securities. Its securities have maturities of one year or more and a credit rating lower than BBB-/Baa3 but are not in default.

61. 61 Footer Index definitions The Russell 1000 Index includes 1000 of the largest U.S. equity securities based on market cap and current index membership; it is used to measure the activity of the U.S. large-cap equity market. The Russell 2000 Index includes 2000 small-cap U.S. equity names and is used to measure the activity of the U.S. small-cap equity market. The S&P 500 Index is a capitalization-weighted index made up of 500 widely held large-cap U.S. stocks in the Industrials, Transportation, Utilities and Financials sectors. The VIX, or Chicago Board Options Exchange Volatility Index, uses option prices on the S&P 500 to estimate the implied volatility of the S&P 500 Index over the next 30 days. Options are derivative contracts that give a buyer the right (and impose upon the seller an obligation, if called upon by the buyer) to buy or sell an underlying security at a specified price, usually for a specified period of time. A higher number indicates greater volatility and an increase in the VIX is often associated with higher risk aversion among investors. Common usage: The Chicago Board Options Exchange Volatility Index (VIX), a barometer of market volatility.

62. 62 Footer Index definitions The BofA Merrill Lynch US 3-Month Treasury Bill Index is an unmanaged market index of U.S. Treasury securities maturing in 90 days that assumes reinvestment of all income. BofA Merrill Lynch Preferred Stock Fixed is designed to replicate the total return of a diversified group of investment-grade preferred securities. Barclays Capital US Treasury Index is an unmanaged index of public obligations of the U.S. Treasury with a remaining maturity of one year or more. Barclays Capital Municipal 3-15 Year Index is an unmanaged index considered representative of the tax-exempt bond market. Barclays Capital High Yield Municipal Bond Index is an unmanaged index consisting of noninvestment-grade, unrated or below Ba1 bonds. Barclays Capital Municipal Bond Index is an unmanaged index considered representative of the tax-exempt bond market. Barclays Capital U.S. TIPS: 1-10 Year is an unmanaged index comprised of U.S. Treasury Inflation Protected securities having a maturity of at least 1 year and less than 10 years. MSCI ACWI ex-US is a market-capitalization-weighted index designed to provide a broad measure of stock performance throughout the world, with the exception of U.S.-based companies.

63. 63 Footer Disclosures

64. 64 Footer Disclosures 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. This information should not be relied upon by the reader as research or investment advice. This information is for educational purposes only. For those SEI Funds which employ the ‘manager of managers’ structure, SEI Investments Management Corporation (SIMC) has ultimate responsibility for the investment performance of the Funds due to its responsibility to oversee the sub-advisers and recommend their hiring, termination and replacement. There are risks involved with investing, including loss of principal. Current and future portfolio holdings are subject to risks as well. Diversification may not protect against market risk. There is no assurance the goals of the strategies discussed will be met. International: 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: Emerging markets involve heightened risks related to the same factors as well as increased volatility and lower trading volume. Small-Cap: Narrowly focused investments and smaller companies typically exhibit higher volatility. Bonds: Bonds and bond funds will decrease in value as interest rates rise. High Yield Bonds: High yield bonds involve greater risks of default or downgrade and are more volatile than investment grade securities, due to the speculative nature of their investments. Real Estate: In addition to the normal risks associated with investing, real estate and REIT investments are subject to changes in economic conditions, credit risk and interest rate fluctuations. TIPS: TIPS can provide investors a hedge against inflation, as the inflation adjustment feature helps preserve the purchasing power of the investment. Because of this inflation adjustment feature, inflation protected bonds typically have lower yields than conventional fixed rate bonds.

65. 65 Footer Disclosures Investing in the Funds is subject to the risks of the underlying funds. Asset allocation may not protect against market risk. Bonds and bond funds will decrease in value as interest rates rise. Due to their investment strategies, the Funds may buy and sell securities frequently. The use of leverage can amplify the effects of market volatility on the Fund’s share price and may also cause the Fund to liquidate portfolio positions when it would not otherwise be advantageous to do so in order to satisfy its obligations. Commodity investments and derivatives may be more volatile and less liquid than direct investments in the underlying commodities themselves. Commodity-related equity returns can also be affected by the issuer’s financial structure or the performance of unrelated businesses. The Fund’s use of futures contracts, forward contracts, options and swaps is subject to market risk, leverage risk, correlation risk and liquidity risk. Index returns are for illustrative purposes only and do not represent actual fund performance. Index performance returns do not reflect any management fees, transaction costs or expenses. Indexes are unmanaged and one cannot invest directly in an index. Past performance does not guarantee future results. 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’ prospectuses, which may be obtained by calling 1-800-DIAL-SEI. Read it carefully before investing. Neither SEI nor its affiliates provide tax advice. Please note that (i) any discussion of U.S. tax matters contained in this communication cannot be used by you for the purpose of avoiding tax penalties; (ii) this communication was written to support the promotion or marketing of the matters addressed herein: and (iii) you should seek advice based on your particular circumstances from an independent tax advisor. SEI Investments Management Corporation is the adviser to the SEI funds, which are distributed by SEI Investments Distribution Co (SIDCO). SIMC and SIDCO are wholly owned subsidiaries of SEI Investments Company. Neither SEI nor its subsidiaries are affiliated with your financial advisor.

66. Index definitions The Barclays Capital Global Aggregate Bond Index (formerly Lehman Brothers Global Aggregate Index), an unmanaged market-capitalization- weighted benchmark, tracks the performance of investment-grade fixed income securities denominated in 13 currencies. The index reflects reinvestment of all distributions and changes in market prices. The Barclays Capital U.S. Aggregate Bond Index (formerly Lehman Brothers U.S. Aggregate Bond Index) is a benchmark index composed of U.S. securities in Treasury, Government-Related, Corporate, and Securitized sectors. It includes securities that are of investment-grade quality or better, have at least one year to maturity, and have an outstanding par value of at least $250 million. The CDX IG 12 is a benchmark high-grade derivatives index, which measures the cost of insuring a basket of U.S. investment-grade corporate debt against defaults. The Dow Jones Wilshire Real Estate Securities Index (RESI) is used to measure the U.S. real estate market and includes both real estate investment trusts (REITs) and real estate operating companies (REOCs). It is weighted by float-adjusted market capitalization. The JP Morgan Emerging Market Bond Index is a total return, unmanaged trade-weighted index for U.S. dollar-denominated emerging-market bonds, including sovereign debt, quasi-sovereign debt, Brady bonds, loans and Eurobonds. The MSCI All Country World Index is a market-capitalization-weighted index composed of over 2,000 companies, and is representative of the market structure of 48 developed and emerging-market countries in North and South America, Europe, Africa, and the Pacific Rim. The index is calculated with net dividends reinvested in U.S. dollars. The MSCI EAFE Index is an unmanaged, market-capitalization-weighted equity index that represents the developed world outside North America. The MSCI Emerging Markets Index is a free-float-adjusted market-capitalization-weighted index designed to measure the performance of global emerging-market equities. The Merrill Lynch High Yield Master II Constrained Index is a market-value-weighted index of all domestic and Yankee high-yield bonds, including deferred interest bonds and payment-in-kind securities. Its securities have maturities of one year or more and a credit rating lower than BBB-/Baa3 but are not in default.