DOCSLIB.ORG

SEI Investments Company Investor Presentation

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
SEI Investments Company Investor Presentation SEI Investments Company (NASDAQ: SEIC) Dennis McGonigle, Chief Financial Officer Sandler O'Neill Global Exchange & Brokerage Conference June 7-8, 2017 1 SEI SEI is a leading global provider of asset years as a leading innovator and management, investment processing outsourcer in the wealth and investment operations solutions. 49 management industry We help professional wealth managers, Employees* institutional investors, investment ~3,200 management firms, and private investors create and manage wealth – and enable their long term success – by providing solutions Client that are both innovative and comprehensive. ~8,600 relationships* Assets under management or $779b administration* *As of March 31, 2017, through its subsidiaries and partnerships in which the company has a significant interest, SEI manages, advises or administers $779 billion in hedge, private equity, mutual fund and pooled or separately managed assets, including $297 billion in assets under management and $478 billion in client assets under administration. Client and employee statistics are as of December 31, 2016. 2 SEI representative clients Banks and asset management distributors Investment Advisors and Broker/Dealers Institutional Investors Investment Managers Representative clients are selected by SEI to illustrate a sampling of SEI’s client base as of December 31, 2016, but may not necessarily endorse all of the services provided by SEI. All trademarks or services are property of their respective owners. 3 SEI markets & businesses Serving two related markets Wealth Holders Wealth Services Providers › Individuals › Distributors › Institutions › Manufacturers Through five business units Private Investment Institutional Investment New Banks Advisors Investors Managers Businesses (ultra HNW) 4 SEI wealth management enterprise platforms Three Core Competencies Investment Investment Investment Management Processing Operations Platforms Wealth Management Business Process Outsourcing › Individuals › Distributors › Institutions › Manufacturers 5 SEI financial highlights Net income Revenue ($m) Net cash from attributable to SEI ($m) operating activities ($m) $1,411 $1,266 $1,334 $425 $375 $391 $332 $1,126 $351 $319 $334 $993 $288 $257 $207 2012 2013 2014 2015 2016 2012 2013 2014 2015 2016 2012 2013 2014 2015 2016 Return of capital to Research and SEIC appreciation shareowners ($m) Development ($m) (approximate) as of March 31, 2017 R & D as a percent of revenue 371 377 350 8.0% 8.2% 7.8% 7.7% 9.6% 293 85 241 74 80 1 year 22% 135 34 5 years 144% 276 291 292 134 207 92 99 103 10 years 67% 158 80 31 31 35 29 50 Since IPO 26,447% 2012 2013 2014 2015 2016 2012 2013 2014 2015 2016 (1981) Research and development expenditures Stock purchases Dividends paid Capitalized software development costs 6 SEI: a history of innovation and market expansion Innovations › Trust System › Invest idle cash › Manager of Managers › Goals-based investing balances › Fee-based advisor › OCIO & fiduciary management › Asset allocation Platform › Total operations outsourcing › Back-office processing › SEI Wealth Platform SM › Globalization Solutions Investment Investment Investment Processing + Management + Operations = SEI Wealth Services Services Services Services Investment Managers Markets Advisors IWA’s Institutional Investors Banks Regions United States Canada UK EMEA, Asia 1968 1980 1990 2000 2010 2017 7 SEI today: segments and target markets › Global banks Banks › U.S. national and regional banks; large community banks › Non-bank private wealth managers and asset management distributors globally › U.S. registered investment advisors Advisors › Financial planners › Broker/dealers › Global and U.S. corporations and retirement plans (DB & DC) › U.S. hospitals and healthcare organizations Institutional Investors › Foundations, endowments and not-for-profit organizations › U.S. municipalities and public pension plans › Global hedge fund and private equity managers Investment Managers › Traditional money managers 8 SEI today: global presence and services offered Europe United Kingdom Canada › Bank & advisory investment processing Institutional/HNW asset › Institutional & HNW asset management management Netherlands Institutional asset management Major Operations Center Ireland Oaks, PA, United States Investment manager operations & fund processing United States Major Operations Centers London, United Kingdom › Bank & advisory investment processing › › Dublin, Ireland East Asia › Institutional & HNW asset management Hong Kong › Investment manager operations & fund processing Institutional & HNW asset management South Africa Institutional asset management 9 SEI today: differentiated solutions – current investments Segment Solutions/Platforms Investments › Software-as-a-Service › SEI Wealth PlatformSM › Operating scale Front-office Private Banks › › Asset management distribution › Expanded distribution › Expanded distribution › Turn-key asset management platform Investment Advisors SEI Wealth PlatformSM expands (TAMP) › addressable markets: Flexible TAMP Outsourced Chief Investment Officer New markets Institutional Investors › › (OCIO) Defined Contribution › Ongoing enhancements to: Investment Managers › Total Operational Outsourcing platform › serve larger clients › expand addressable markets › Ultra-high-net-worth market Investments in Goal Investor® New Businesses › Blockchain › 10 SEI business model › Focus on emerging client needs Organic Growth › Deliver enterprise platforms › Selective acquisitions › Forge strategic and intimate client relationships Client Relationships › Be a thought-leader › “Win-win” pricing models › Focus on sustainable growth in earnings-per-share › Generate recurring revenue & predictable cash flows Financial Strength › Maintain strong balance sheet › Return capital: dividends and stock buy-backs › Long-term focus Innovation › Foster collaborative, innovative culture › Fail fast and learn from mistakes 11 SEI competitive advantages › SEI recognized as an industry leader and innovator Market Leadership › Large and diverse client base › Facilitates new business and cross-sale success › Strategies well-developed and coordinated Complete Strategies › Current economic climate reinforces value propositions › Continuous research & development › Create new categories of solutions Differentiated Solutions › Solve large business issues in support of clients’ objectives › Integrate advice, investments, technology & operations 12 SEI platform overviews and additional information 13 Private Banks solution SEI Wealth Platform SM Investment Processing Services Asset services, cash management, End Client corporate actions, custody, reconcilement, Asset Management settlement, fee & tax processing › 360º view of relationships › Prospect management › End-client website › Dashboard & reporting › End-client statements › Portfolio planning & proposals › Tax reporting › Alerts & monitoring › Confirms/advices › Tasks & activities Business INFRASTRUCTUREInfrastructure Services Management Services SERVICESBusiness continuity, hosting, MI reporting, SLA/KPI tracking, Businessinformation continuity, security, release hosting, audit reporting, data integration, informationmanagement, security, production release document management, services, system administration professional services management, production services, system administration Wealth Advisory Wealth Administration › Portfolio structure › Multi-level risk analysis & reporting › Manager research and selection › Consolidated portfolio analysis & reporting › Dynamic asset management › Stress testing 14 Investment Advisors solution Flexible turnkey asset management platform Solution Traditional Flexible Open Custody turn-key asset turn-key asset Platform category management platform management platform SEI Wealth Platform Do-It-Yourself › Full custody platform with › Full custody platform with › Full custody platform Capabilities middle office middle office › Single system architecture › Single system architecture › Advisor purchased with extendable integration component technology › Limited front/middle office › Integrated front/middle office › Front/middle office technologies technologies with workflow supermarket technologies without workflow › SEI investment program › Full range of investment products and securities › Investment supermarket Market – Firm Size $5m - $250m $251m - $3b DIY $3b+ Total Firms 11,526 2,043 205 13,774 Advisors 85,680 14,518 3,267 103,465 Assets $1.13T $1.48T $1.50T $4.11T Sources: Matt McGinness, Best Practice Research; Dennis Gallant, GDC Research. As of September 2015. 15 Institutional Investors solution Outsourced Chief Investment Officer (OCIO) Strategic Advice › Goal setting & monitoring › Asset / liability study › Investment policy formulation Investment Management › Portfolio structure › Manager research & selection › Dynamic asset management Risk Management & Monitoring › Multi-level risk analysis & reporting › Consolidated portfolio analysis & reporting › Stress testing Active Liability Driven Investing (LDI) › Active management relative to liabilities › Glidepath optimization › - Capital market point of view Goals-based Reporting › Reconciliation of funded status › Pension surplus decomposition › Attribution of interest rate changes 16 Investment Managers solution Total Operational Outsourcing Platform Investment Fund Flexible, integrated operations operations handling of: › Fund Administration › Fund Accounting › Investment Operations / Middle Office Best-of-breed Risk Regulatory and Technology Management › Information Management Compliance Engines Workflow/Process › Management › Risk Management Analytics Distribution Dashboards › Regulatory and services - Manager Compliance - Investor 17 Forward Looking Statements This presentation may include "forward-looking statements," and discussions about future operations, strategies and financial results. Future revenues and income could differ from expected results. We have no obligation to publicly update or correct any statements herein as a result of future developments. You should refer to our periodic SEC filings for a description of various risks and uncertainties that could affect our future financial results. 18 Thank you 19 .
Load more

Recommended publications
  • Section 3 - Investment Information
    SECTION 3 - INVESTMENT INFORMATION Investment Risk Management and Capital Market Assumptions ....................................... .......Tab 8 Asset Exposure and Investment Program Summary ................................................................ .......Tab 9 Performance .............................................................................................................................................. ....... Tab 10 Managing Investment Expenses and Investment Fees by Manager ................................... .......Tab 11 Commitment to Pennsylvania-Based Investments .................................................................... .......Tab 12 This page intentionally left blank Section 3 - Investment Information Investment Risk Management for future developments, PSERS cannot know with complete certainty how markets or particular isk management is essential to the entire investment strategies will perform. The strategic Rinvestment process. The goal of investment asset allocation mix, more than implementation risk management is to find the appropriate balance or any other factor or decision, largely determines between expected returns and the risks taken the portfolio’s overall risk and return. to generate those returns. An entirely risk-free investment portfolio that has a high probability Given its long-term investment horizon, PSERS of meeting all investment goals does not exist. accepts prudent investment risk in exchange Therefore, PSERS does not attempt to eliminate for acceptable levels of additional incremental
    [Show full text]
  • SEI Investments Annual Report 2020
    SEI Investments Annual Report 2020 Form 10-K (NASDAQ:SEIC) Published: February 24th, 2020 PDF generated by stocklight.com UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from_________to ________ Commission File Number: 0-10200 ________________________________________ ________________________________________ SEI INVESTMENTS COMPANY (Exact name of Registrant as Specified in Its Charter) Pennsylvania 23-1707341 State or Other Jurisdiction of Incorporation or Organization I.R.S. Employer Identification No. 1 Freedom Valley Drive Oaks, PA 19456 (Address of Principal Executive Offices and Zip Code) 610-676-1000 (Registrant’s Telephone Number, Including Area Code) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol Name of each exchange on which registered Common Stock, par value $.01 per share SEIC The NASDAQ Stock Market LLC (The NASDAQ Global Select Market®) Securities registered pursuant to Section 12(g) of the Act: None (Title of class) Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Y es ☒ No ☐ Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Act. Yes ☐ No ☒ Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
    [Show full text]
  • SEI INVESTMENTS COMPANY (Exact Name of Registrant As Specified in Its Charter)
    UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2014 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from_________to ________ Commission File Number: 0-10200 SEI INVESTMENTS COMPANY (Exact name of registrant as specified in its charter) Pennsylvania 23-1707341 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 1 Freedom Valley Drive, Oaks, Pennsylvania 19456-1100 (Address of principal executive offices) (Zip Code) Registrant’s telephone number, including area code 610-676-1000 Securities registered pursuant to Section 12(b) of the Act: Title of each class Name of each exchange on which registered Common Stock, par value $.01 per share The NASDAQ Stock Market LLC (The NASDAQ Global Select Market®) Securities registered pursuant to Section 12(g) of the Act: None (Title of class) Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes No Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Act. Yes No Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
    [Show full text]
  • SEI 2015 Annual Report This Was a Successful Year for Your Company
    SEI 2015 Annual Report This was a successful year for your company. We achieved record sales of new business and made progress executing growth strategies. We delivered improved financial results while we continued investments to serve clients and support growth for the long term. seic.com About SEI SEI is a leading global provider of asset management, investment processing, and investment operations solutions. We help professional wealth managers, institutional investors, investment management firms and private investors create and manage wealth. We also enable their long-term success by providing solutions that are both innovative and comprehensive. Contents Additional Information Financial Highlights SEIͭb;]cRa]RcbWcR͜bRWP͙P^\͜^ŪRab additional information about the company Letter to Shareholders including earnings announcements, Annual Report on Form 1 0-K corporate press releases, and regulatory ŬZW]Ub͙FVWb2]]dMZDR_^ac͜7^a\͹=͜ and Proxy Statement are available in the Investors section of the website. Forward-Looking Statements FVWbaR_^acP^]cMW]bbcMcR\R]cbcVMcP^]bcWcdcRS^afMaQ͹Z^^YW]UbcMcR\R]cbMbQRŬ]RQ d]QRaG͙E͙SRQRaMZbRPdaWcWRbZMfb͙FVRbRbcMcR\R]cbW]PZdQRQWbPdbbW^]bMO^dcSdcdaR bcaMcRUWRb͜^_RaMcW^]b͜M]QŬ]M]PWMZaRbdZcb͙FVRbRbcMcR\R]cbMaROMbRQd_^]RbcW\McRb M]QMbbd\_cW^]bcVMcW]e^ZeRaWbYbM]Qd]PRacMW]cWRbM]Q\Mh]^c_a^eRc^ORMPPdaMcR͙ 7dcdaRaReR]dRbM]QW]P^\RP^dZQQWŪRa\McRaWMZZhSa^\Rg_RPcRQaRbdZcb͙K^dbV^dZQaRSRa c^cVR 2]]dMZDR_^ac^]7^a\͹=͜W]PZdQRQVRaRW]͜S^aMQRbPaW_cW^]^SeMaW^dbaWbYb M]Qd]PRacMW]cWRbcVMcP^dZQMŪRPc^daSdcdaRŬ]M]PWMZaRbdZcb͙ SEI Oaks,
    [Show full text]
  • SEI INVESTMENTS COMPANY (Exact Name of Registrant As Specified in Its Charter)
    Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2005 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 0 - 10200 SEI INVESTMENTS COMPANY (Exact name of registrant as specified in its charter) Pennsylvania 23-1707341 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) 1 Freedom Valley Drive, Oaks, Pennsylvania 19456-1100 (Address of principal executive offices) (Zip Code) Registrant’s telephone number, including area code 610-676-1000 Securities registered pursuant to Section 12(b) of the Act: Title of each class Name of each exchange on which registered None Securities registered pursuant to Section 12(g) of the Act: Common Stock, par value $.01 per share (Title of class) Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes x No ¨ Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Act. Yes ¨ No x Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
    [Show full text]
  • Printmgr File
    ANNUAL REPORT HANCOCK HORIZON FAMILY OF FUNDS JANUARY 31, 2020 Burkenroad Small Cap Fund Louisiana Tax-Free Income Fund Diversified Income Fund Microcap Fund Diversified International Fund Mississippi Tax-Free Income Fund Dynamic Asset Allocation Fund Quantitative Long/Short Fund International Small Cap Fund The Advisors’ Inner Circle Fund II Beginning on January 1, 2021, as permitted by regulations adopted by the Securities and Exchange Commission, paper copies of the Funds’ shareholder reports will no longer be sent by mail, unless you specifically request paper copies of the reports from the Funds or from your financial intermediary, such as a broker-dealer or bank. Instead, the reports will be made available on a website, and you will be notified by mail each time a report is posted and provided with a website link to access the report. If you already elected to receive shareholder reports electronically, you will not be affected by this change and you need not take any action. You may elect to receive shareholder reports and other communications from the Funds electronically by contacting your financial intermediary, or, if you are a direct investor, by calling 1-800-990-2434. You may elect to receive all future reports in paper free of charge. If you invest through a financial intermediary, you can follow the instructions included with this disclosure, if applicable, or you can contact your financial intermediary to inform it that you wish to continue receiving paper copies of your shareholder reports. If you invest directly with the Funds, you can inform the Funds that you wish to continue receiving paper copies of your shareholder reports by calling 1-800-990-2434.
    [Show full text]
  • A Challenging Year
    SEI 2008 ANNUAL REPORT A Challenging Year Although revenues and earnings per share declined significantly, we were profitable, generated positive cash flow, repurchased company stock, and continued to invest in key growth strategies. SEI is a leading global provider of asset management, investment processing, and investment operations solutions. We help banks, investment advisors, institutional investors, investment managers, and ultra-high-net-worth investors create and manage wealth — and enable their long-term success — by providing comprehensive, innovative, investment and investment business solutions. CONTENTS FORWarD-LOOKING STATEMENTS Financial Highlights . 1 This report contains statements that constitute forward-looking statements as defined under U.S. federal securities laws. These statements include Letter to Shareholders . 2 discussions about future strategies, operations, and financial results. These Annual Report on Form 10-K . 7 statements are based upon estimates and assumptions that involve risk and uncertainties and may not prove to be accurate. Future revenues and income ADDITIONAL INFORMATION could differ materially from expected results. You should refer to the 2008 SEI’s Internet site, www.seic.com, offers additional information about the Annual Report on Form 10-K, included herein, for a description of various company, including earnings announcements, corporate press releases, and risks and uncertainties that could affect our future financial results. regulatory filings. This Annual Report, Form 10-K, and Proxy Statement are available in the Investors section of the website. SEI 2008 Annual Report FiNANciaL SUMMARY (In thousands, except per-share data) 2008 Percent Change from 2007 Revenues $1,247,919 (9%) Net Income Before Taxes $224,974 (45%) Net Income $139,254 (46%) Diluted common shares outstanding 195,233 (3%) Diluted Earnings Per Share $0.71 (45%) HIGHLIGHTS SEI’s financial performance in 2008 was significantly affected by the downturn in the capital markets.
    [Show full text]
  • Annual Report 2020
    The Advisors’ Inner Circle Fund III Aperture New World Opportunities Fund Aperture Endeavour Equity Fund Aperture Discover Equity Fund Aperture International Equity Fund Annual Report December 31, 2020 Investment Adviser: Aperture Investors, LLC TABLE OF CONTENTS Shareholder Letters .............................................. 1 Schedules of Investments ......................................... 10 Aperture New World Opportunities Fund ............................ 10 Aperture Endeavour Equity Fund .................................. 39 Aperture Discover Equity Fund ................................... 50 Aperture International Equity Fund ................................ 55 Statements of Assets and Liabilities ................................. 61 Statements of Operations .......................................... 63 Statements of Changes in Net Assets ................................ 65 Financial Highlights ............................................... 73 Notes to Financial Statements ...................................... 81 Report of Independent Registered Public Accounting Firm ............... 112 Disclosure of Fund Expenses ...................................... 114 Trustee and Officers Table ......................................... 116 Renewal of Investment Advisory Agreement .......................... 120 Approval of Investment Advisory Agreement .......................... 124 Notice to Shareholders ............................................ 127 The Funds file their complete schedule of investments of Fund holdings with the
    [Show full text]
  • SEI INVESTMENTS COMPANY (Exact Name of Registrant As Specified in Its Charter)
    UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One)* x Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the quarterly period ended March 31, 2009 or ¨ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the transition period from to 0-10200 (Commission File Number) SEI INVESTMENTS COMPANY (Exact name of registrant as specified in its charter) Pennsylvania 23-1707341 (State or other jurisdiction of (IRS Employer incorporation or organization) Identification Number) 1 Freedom Valley Drive, Oaks, Pennsylvania 19456-1100 (Address of principal executive offices) (Zip Code) (610) 676-1000 (Registrant’s telephone number, including area code) N/A (Former name, former address and former fiscal year, if changed since last report) Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes x No ¨ Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).
    [Show full text]
  • Semi-Annual Report
    NEW COVENANT FUNDS® December 31, 2020 SEMI-ANNUAL REPORT New Covenant Funds ❯ New Covenant Growth Fund ❯ New Covenant Income Fund ❯ New Covenant Balanced Growth Fund ❯ New Covenant Balanced Income Fund Paper copies of the Funds’ shareholder reports are no longer sent by mail, unless you specifically request them from the Funds or from your financial intermediary, such as a broker-dealer or bank. Shareholder reports are available online and you will be notified by mail each time a report is posted on the Funds’ website and provided with a link to access the report online. You may elect to receive all future reports in paper free of charge. If you invest through a financial intermediary, you can contact your financial intermediary to inform it that you wish to continue receiving paper copies of your shareholder reports. If you invest directly with the Funds, you can inform the Funds that you wish to continue receiving paper copies of your shareholder reports by calling 1-877- 835-4531. Your election to receive reports in paper will apply to all funds held with the SEI Funds or your financial intermediary. newcovenantfunds.com TABLE OF CONTENTS Schedules of Investments 1 Statements of Assets and Liabilities 38 Statements of Operations 39 Statements of Changes in Net Assets 40 Financial Highlights 42 Notes to Financial Statements 46 Disclosure of Fund Expenses 58 Board of Trustees Considerations in Approving the Advisory and Sub-Advisory Agreements 59 The Trust files its complete schedule of portfolio holdings with the Securities and Exchange Commission for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT.
    [Show full text]
  • Printmgr File
    The Advisors’ Inner Circle Fund III Knights of Columbus Limited Duration Fund Knights of Columbus Core Bond Fund (Formerly, Catholic Investor Limited Duration Fund) (Formerly, Catholic Investor Core Bond Fund) Knights of Columbus Long/Short Equity Fund Knights of Columbus Large Cap Value Fund (Formerly, Catholic Investor Long/Short Equity Fund) (Formerly, Catholic Investor Large Cap Value Fund) Knights of Columbus Large Cap Growth Fund Knights of Columbus Small Cap Fund (Formerly, Catholic Investor Large Cap Growth Fund) (Formerly, Catholic Investor Small Cap Fund) Knights of Columbus U.S. All Cap Index Fund Knights Of Columbus Global Real Estate Fund (Formerly, Catholic Investor U.S. All Cap Index Fund) (Formerly, Catholic Investor Global Real Estate Fund) Knights of Columbus International Equity Fund (Formerly, Catholic Investor International Equity Fund) Semi-Annual Report April 30, 2020 Beginning on March 1, 2021, as permitted by regulations adopted by the Securities and Exchange Commission, paper copies of the Funds’ shareholder reports will no longer be sent by mail, unless you specifically request paper copies of the reports from the Funds or from your financial intermediary, such as a broker-dealer or bank. Instead, the reports will be made available on a website, and you will be notified by mail each time a report is posted and provided with a website link to access the report. If you already elected to receive shareholder reports electronically, you will not be affected by this change and you need not take any action. You may elect to receive shareholder reports and other communications from the Funds electronically by contacting your financial intermediary.
    [Show full text]
  • Investment Holdings As of June 30, 2019
    Investment Holdings As of June 30, 2019 Montana Board of Investments | Portfolio as of June 30, 2019 Transparency of the Montana Investment Holdings The Montana Board of Investment’s holdings file is a comprehensive listing of all manager funds, separately managed and commingled, and aggregated security positions. Securities are organized across common categories: Pension Pool, Asset Class, Manager Fund, Aggregated Individual Holdings, and Non-Pension Pools. Market values shown are in U.S. dollars. The market values shown in this document are for the individual investment holdings only and do not include any information on accounts for receivables or payables. Aggregated Individual Holdings represent securities held at our custodian bank and individual commingled accounts. The Investment Holdings Report is unaudited and may be subject to change. The audited Unified Investment Program Financial Statements, prepared on a June 30th fiscal year-end basis, will be made available once the Legislative Audit Division issues the Audit Opinion. Once issued, the Legislative Audit Division will have the Audit Opinion available online at https://www.leg.mt.gov/publications/audit/agency-search-report and the complete audited financial statements will also be available on the Board’s website http://investmentmt.com/AnnualReportsAudits. Additional information can be found at www.investmentmt.com Montana Board of Investments | Portfolio as of June 30, 2019 2 Table of Contents Consolidated Asset Pension Pool (CAPP) 4 CAPP - Domestic Equities 5 CAPP - International
    [Show full text]