S
August 31, 2000
Dear Business Partner:
Every year in the late fall, SEI Investments publishes Capital Gains estimates on our
mutual funds and mutual fund model portfolios. To provide the best estimates possible,
we typically wait until about one month prior to the fiscal year-end of the funds before
providing this information. Unfortunately, this schedule provides a short period of time
for our clients to react to the information and plan for these distributions.
Due to clients’ requests to receive this information earlier in the year, we provide
estimates for our mutual funds and model portfolios now and again later in the year.
Please be advised these are estimates only. For a variety of reasons, the actual
distributions may differ significantly from the numbers provided at this time. The
estimates provided later in the year will be more accurate simply because they reflect
more actual market experience.
Attached are the estimated 2000 capital gain distributions as of June 30th for SEI mutual
funds and asset allocation portfolios. These distributions are required to meet excise tax
distribution requirements. These estimates are based on the funds’ investment activities
through June 30, 2000, with the funds’ excise tax year-end being October 31, 2000. SEI
will generally make certain tax adjustments on the funds’ excise tax returns that may have
an impact on these estimates. Considering the nature of these estimates, actual
distributions may vary from these amounts.
Sincerely,
Robert C. Aller
Senior Vice President
SEI Investments
Enclosures
SEI Asset Allocation Portfolios
For your planning purposes, a hypothetical $1 million account would pay the following
estimated capital gain distributions for the SEI Asset Allocation portfolios listed below:
Asset Allocation Portfolio
ATM 100
ATM 80
ATM 60
ATM 40
ATM 100ex
ATM 80ex
ATM 60ex
ATM 40ex
TM 100
TM 80
TM 60
TM 40
Institutional Equity
Institutional Capital Growth
Inst. Growth & Income
Institutional Moderate G&I
Institutional Fixed Income
Global Equity
Global Capital Growth
Global Growth & Income
Global Moderate G&I
Domestic Equity
Capital Growth
Growth & Income
Moderate G&I
Conservative G&I
Current Income
Capital Preservation
2000 YTD Estimated
Short-Term Gain
Distribution
$5,644
5,769
5,745
5,721
2,883
619
415
431
26,946
22,645
16,580
10,514
23,633
19,408
16,820
12,409
3,550
21,377
17,088
12,931
8,775
17,288
14,190
11,187
6,286
4,667
---
2000 YTD Estimated
Long-Term Gain
Distribution
$20,301
16,107
11,900
7,692
15,218
11,394
8,169
4,897
18,486
15,216
11,238
7,261
31,427
24,037
16,509
8,709
-28,235
21,144
14,112
7,079
25,460
18,776
11,854
4,066
812
---
— For Financial Intermediary Use Only. Not for Public Distribution. —
SEI Mutual Funds
SEI Fund
Tax Managed Large Cap
2000 Estimated ShortTerm Gain (per share)
$
--
2000 Estimated LongTerm Gain (per share)
$
0.06
Large Cap Growth
Large Cap Value
Small Cap Growth
Small Cap Value
S&P 500 Index
International Equity
Emerging Markets Equity
0.68
-5.59
0.22
-0.48
0.53
1.31
0.24
2.24
0.02
-0.52
0.67
Core Fixed Income
High Yield Bond
Intermediate Municipal
International Fixed Income
Emerging Markets Debt
---0.02
0.30
---0.01
0.02
----
----
0.12
-0.12
--
2.71
2.17
0.39
0.32
California Municipal
Massachusetts Municipal
Pennsylvania Municipal
Capital Appreciation
Equity Income
Mid Cap
Balanced
Note: the above capital gain estimates are based on the fund's
investment activities through June 30, 2000. Certain tax
adjustments are generally made on the fund's excise tax returns
that may have a material impact on the dividends. Based on
these adjustments and activity through October 31, 2000, the
actual distributions may vary significantly from the above
amounts.
— For Financial Intermediary Use Only. Not for Public Distribution. —